UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT
OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number File No. 811-09301
TIAA-CREF FUNDS
(Exact Name of Registrant as specified in charter)
730 Third Avenue, New York, New York 10017-3206
(Address of Principal Executive Offices) (Zip code)
John M. McCann, Esq.
TIAA-CREF Funds
8500 Andrew Carnegie Blvd
Charlotte, North Carolina 28262-8500
(Name and address of agent for service)
Registrant’s telephone number, including area code: 704-595-1000
Date of fiscal year end: March 31
Date of reporting period: September 30, 2021
Item 1. Reports to Stockholders.
 |
TIAA-CREF Funds |
September 30, 2021 |
TIAA-CREF
Real Estate Securities Fund
The semiannual report contains the financial statements (unaudited).
| Fund name | Institutional Class |
Advisor Class |
Premier Class |
Retirement Class |
Retail Class | |||||
| Real Estate Securities Fund | TIREX | TIRHX | TRRPX | TRRSX | TCREX |
Semiannual Report
As permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the TIAA-CREF Funds’ (the “Funds”) annual and semiannual shareholder reports will not be sent to you by mail, unless you specifically request paper copies of the reports. Instead, they will be made available on TIAA’s website, TIAA.org, and you will be notified by mail each time a report is posted and provided with a website link to access the report.
You may elect to receive shareholder reports and other communications from the Funds electronically anytime by either (1) updating your account settings at TIAA.org/eDelivery, if you invest in the Funds directly or hold your Fund shares through a TIAA-affiliated financial intermediary, account or retirement plan (each, a “TIAA Account”), or (2) contacting your financial intermediary (such as a broker/dealer or bank) through which you hold Fund shares.
If you invest directly with the Funds or through a TIAA Account, you may elect to receive all future shareholder reports in paper free of charge by updating your account settings at TIAA.org/eDelivery or by calling 800-842-2252 during regular business hours. If you invest through another financial intermediary, you can contact your financial intermediary to request that you receive paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held with the fund complex if you invest directly with the Funds or through a TIAA Account, or to all funds held through your financial intermediary.
Contents
| Understanding this report | 3 |
| Letter to investors | 4 |
| Information for investors | 6 |
| Important information about expenses | 7 |
| About the Fund’s benchmark | 8 |
| Fund performance | |
| Real Estate Securities Fund | 9 |
| Portfolios of investments | 12 |
| Financial statements (unaudited) | |
| Statement of assets and liabilities | 15 |
| Statement of operations | 16 |
| Statements of changes in net assets | 17 |
| Financial highlights | 20 |
| Notes to financial statements | 22 |
| How to reach us | Inside back cover |
This semiannual report contains information about the Real Estate Securities Fund and describes the Fund’s results for the six months ended September 30, 2021. The report contains four main sections:
| • | A letter from Brad Finkle, President of the TIAA-CREF Fund Complex. | |
| • | The Fund performance section compares the Fund’s investment returns with those of its benchmark index. | |
| • | The portfolio of investments lists the industries and types of securities in which the Fund had investments as of September 30, 2021. | |
| • | The financial statements provide detailed information about the operations and financial condition of the Fund. |
The views and opinions expressed in this report are through the end of the period, as stated on the cover of this report. They are subject to change at any time based on a variety of factors. As such, they are not guarantees of future performance or investment results and should not be taken as investment advice. To see the risks of investing in the Fund, please read the latest prospectus.
As always, you should carefully consider the investment objectives, risks, charges and expenses of any fund before investing. For a prospectus that contains this and other important information, please visit our websites at TIAA.org or nuveen.com, or call 800-842-2252 for the Institutional, Advisor, Premier and Retirement classes or 800-223-1200 for the Retail Class. We urge you to read the prospectus carefully before investing.
| TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 3 |
Real estate investment trusts (REITs) recorded strong returns for the six months ended September 30, 2021, as the economy grew at a brisk pace. Government stimulus measures and strong growth in consumer spending helped the economy overcome some concerns about the ongoing impact of COVID-19. The unemployment rate declined steadily, falling to its lowest level in 18 months in September. Furthermore, interest rates remained at historically low levels while the Federal Reserve maintained a bond-buying program to aid credit markets and support the economy.
| • | REITs gained 12.3% for the six months, as measured by the FTSE Nareit All Equity REITs Index. Please see page 8 for the benchmark definition. | |
| • | Nearly all of the index’s 16 property sectors and subsectors advanced, with the self-storage sector posting the largest gain. Manufactured homes and apartments also climbed higher. However, the lodging/resorts sector recorded a loss. | |
| • | The TIAA-CREF Real Estate Securities Fund (Institutional Class) registered a double-digit gain but lagged its benchmark. |
REITs surpassed U.S. stocks and bonds
REITs are a unique asset class because they share some of the characteristics of both stocks and bonds. Similar to bonds, REIT prices can be sensitive to interest-rate fluctuations, and throughout the period, REITs benefited from the Fed’s commitment to maintain short-term interest rates within a near-zero range. Similar to equities, REITs invest in individual companies, so their performance is also tied to the overall health of the U.S. economy. As such, REITs were supported by strength in the stock market during the period.
For the six months, the FTSE Nareit All Equity REITs Index surpassed the 1.9% return of the broad U.S. investment-grade fixed-rate bond market, as measured by the Bloomberg U.S. Aggregate Bond Index. REITs also outpaced all other fixed-income sectors, including high-yield bonds, and the 8.1% return of the broad U.S. stock market, as measured by the Russell 3000® Index.
| 4 | 2021 Semiannual Report ■ TIAA-CREF Real Estate Securities Fund |
The value of REITs as a long-term investment
Many of the fundamental attributes of REITs have remained relatively consistent over the long term. REITs have the potential to rise in value, like a stock, while also providing a steady source of income, similar to a bond. REITs are required by law to distribute at least 90% of their taxable income to investors in the form of dividends. As such, they generate current income, which is a valuable feature when rates decline or when markets are struggling. Furthermore, REITs invest in a broad array of real estate property sectors, each with their own unique characteristics and supply/demand dynamics, which can enhance their diversification benefits. As such, a professionally managed mutual fund of REIT securities, representing the various commercial and retail sectors of the REIT universe, has the potential to add value as a diversification tool when employed as part of a broader investment portfolio containing stocks, bonds and other investable assets. Of course, diversification cannot guarantee against market losses.
REITs have also been a relatively stable source of income and return over longer periods. They have registered strong gains for the past three-, five- and ten-year periods, placing them between those of investment-grade bonds and U.S. stocks. (Past performance is no guarantee of future results.) As always, you can visit TIAA.org for more information on asset class performance.
If you have any questions about your investment in the TIAA-CREF Real Estate Securities Fund, please contact your financial advisor or call a TIAA financial consultant at 800-842-2252. We would be happy to assist you.
/s/ Brad Finkle
Brad Finkle
President of the TIAA-CREF Fund Complex
Brad Finkle
| TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 5 |
Portfolio holdings
The complete portfolio of investments for the Real Estate Securities Fund begins on page 12 of this report. You can obtain a complete list of the holdings of the Real Estate Securities Fund (Schedule of Investments) as of the most recently completed fiscal quarter in the following ways:
| • | By visiting our websites at TIAA.org or nuveen.com; or | |
| • | By calling us at 800-842-2252 to request a copy, which will be provided free of charge. |
You can also obtain a complete list of the Real Estate Securities Fund’s portfolio holdings as of the most recently completed fiscal quarter, and for prior quarter-ends, from our Securities and Exchange Commission (SEC) Form N-CSR and Form N-PORT filings. Form N-CSR filings are as of March 31 or September 30; Form N-PORT filings are as of December 31 or June 30. Copies of these forms are available:
| • | Through the Electronic Data Gathering and Retrieval System (EDGAR) on the SEC’s website at sec.gov; or | |
| • | From the SEC’s Office of Investor Education and Advocacy. Call 202-551-8090 for more information. |
Proxy voting
The Real Estate Securities Fund’s ownership of stock gives it the right to vote on proxy issues of companies in which it invests. A description of our proxy voting policies and procedures can be found on our website at TIAA.org or on the SEC’s website at sec.gov. You can also call us at 800-842-2252 to request a free copy. A report of how the Fund voted during the most recently completed twelve-month period ended June 30 can be found on our website or on Form N-PX at sec.gov.
Contacting TIAA
There are three easy ways to contact us: by email, using the Contact Us link at the top of our home page; by mail at TIAA, 730 Third Avenue, New York, NY 10017-3206; or by phone at 800-842-2252.
Fund management
The Real Estate Securities Fund is managed by a portfolio management team of Teachers Advisors, LLC. The members of this team are responsible for the day-to-day investment management of the Fund.
| 6 | 2021 Semiannual Report ■ TIAA-CREF Real Estate Securities Fund |
Important information about expenses
All shareholders of the TIAA-CREF Funds incur ongoing costs, including management fees and other fund expenses. They may also incur transactional costs for redemptions or account maintenance fees.
The expense example that appears in this report is intended to help you understand your ongoing costs only (in U.S. dollars) and does not reflect transactional costs. The example is designed to help you compare these ongoing costs with the ongoing costs of investing in other mutual funds.
The expenses shown do not include account maintenance fees, which may or may not be applicable, as described in the prospectus. If such fees were included, your total costs for investing in the Fund would be higher. Note also that shareholders of the TIAA-CREF Funds do not incur a sales charge for purchases, reinvested dividends or other distributions.
The example is based on an investment of $1,000 invested at the beginning of the six-month period and held for the entire period (April 1, 2021–September 30, 2021).
Actual expenses
The first line of the two lines listed for each share class in the table uses that class’ actual expenses and its actual rate of return. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the six-month period.
Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading “Expenses paid during period” to estimate the expenses you paid during the six-month period.
Hypothetical example for comparison purposes
The second line in each share class’ entry shows hypothetical account values and expenses based on the share class’ actual expense ratio for the six-month period and an assumed 5%-per-year rate of return before expenses. This was not the share class’ actual return.
This hypothetical example cannot be used to estimate the actual expenses you paid for the period, but rather allows you to compare the ongoing costs of investing in the Fund with the costs of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other mutual funds.
| TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 7 |
Important information about expenses
Expense example
Six months ended September 30, 2021
| Real Estate Securities Fund | Beginning account value (4/1/21 | ) | Ending account value (9/30/21 | ) | Expenses paid during period (4/1/21–9/30/21 | * ) | ||||||
| Actual return | ||||||||||||
| Institutional Class | $ | 1,000.00 | $ | 1,118.82 | $ | 2.55 | ||||||
| Advisor Class | 1,000.00 | 1,118.16 | 3.13 | |||||||||
| Premier Class | 1,000.00 | 1,117.86 | 3.34 | |||||||||
| Retirement Class | 1,000.00 | 1,117.21 | 3.82 | |||||||||
| Retail Class | 1,000.00 | 1,117.23 | 4.03 | |||||||||
| 5% annual hypothetical return | ||||||||||||
| Institutional Class | 1,000.00 | 1,022.66 | 2.43 | |||||||||
| Advisor Class | 1,000.00 | 1,022.11 | 2.99 | |||||||||
| Premier Class | 1,000.00 | 1,021.91 | 3.19 | |||||||||
| Retirement Class | 1,000.00 | 1,021.46 | 3.65 | |||||||||
| Retail Class | 1,000.00 | 1,021.26 | 3.85 | |||||||||
| * | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/365. There were 183 days in the six months ended September 30, 2021. The Fund’s annualized six-month expense ratios for that period were 0.48% for the Institutional Class, 0.59% for the Advisor Class, 0.62% for the Premier Class, 0.72% for the Retirement Class and 0.76% for the Retail Class. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
The FTSE Nareit All Equity REITs Index measures the performance of certain publicly traded real estate investment trusts in the United States that own, manage and lease investment-grade commercial real estate.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses. For additional details about the benchmark index, please read the Fund’s latest prospectus.
FTSE International Limited (“FTSE”) © FTSE 2021. FTSE® is a trademark of the London Stock Exchange Group companies and is used by FTSE International Limited under license. Nareit® is a trademark of the National Association of Real Estate Investment Trusts (“Nareit”). All intellectual property rights in the Index vest in FTSE and Nareit. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
| 8 | 2021 Semiannual Report ■ TIAA-CREF Real Estate Securities Fund |
Performance for the six months ended September 30, 2021
The Real Estate Securities Fund returned 11.88% for the Institutional Class, compared with the 12.28% return of its benchmark, the FTSE Nareit All Equity REITs Index. For the one-year period ended September 30, 2021, the Fund returned 30.71%, versus 31.54% for the index. The performance table shows returns for all share classes of the Fund.
Economic growth continued amid lower unemployment and elevated inflation
The U.S. economy expanded during the period, overcoming concerns about the continued impact of COVID-19 and the delta variant. Real gross domestic product, which measures the value of all goods and services produced in the United States, increased at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. The unemployment rate declined to 4.8% in September—its lowest level in 18 months. Core inflation, which measures all items except food and energy, rose 4.0% over the twelve months ended September 2021. The Federal Reserve maintained historically low interest rates during the period, keeping the federal funds target rate unchanged at 0.00%–0.25%. In September, policymakers indicated that a more moderate pace of bond-buying might be warranted if the economy continued to improve.
For the period, the FTSE Nareit All Equity REITs Index surpassed the 8.13% return of the broad U.S. stock market, as measured by the Russell 3000® Index, and the 1.88% return of the broad U.S. investment-grade fixed-rate bond market, as represented by the Bloomberg U.S. Aggregate Bond Index.
Most sectors posted gains
Among the benchmark’s 16 property sectors and subsectors, nearly all posted positive returns for the period. The largest gains were seen in the self-storage (up 26.1%), manufactured homes (up 24.2%) and apartments (up 22.0%) sectors. The worst performer was the lodging/resorts sector (down 2.7%).
Fund posted a double-digit gain but trailed its benchmark
For the six-month period, the Fund posted a strong return but underperformed its benchmark. Out-of-benchmark allocations to technology services company GDS Holdings and resort and casino firms Las Vegas Sands and Wynn Resorts detracted most from the Fund’s relative performance, as all three posted losses.
These negative effects were partly offset by an underweight position in shared communications infrastructure provider Crown Castle International and not owning poorly performing diversified REIT Americold Realty Trust. An overweight position in residential REIT AvalonBay Communities, which posted strong results during the period, was also beneficial.
| TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 9 |
Real Estate Securities Fund
Performance as of September 30, 2021
| Real Estate Securities Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | 10 years | gross | net | ||||||||||||||||||||||
| Institutional Class | 10/1/02 | 11.88 | % | 30.71 | % | 10.69 | % | 12.99 | % | 0.49 | % | 0.49 | % | |||||||||||||||
| Advisor Class | 12/4/15 | 11.82 | 30.55 | 10.55 | 12.92 | † | 0.62 | 0.62 | ||||||||||||||||||||
| Premier Class | 9/30/09 | 11.79 | 30.48 | 10.52 | 12.82 | 0.64 | 0.64 | |||||||||||||||||||||
| Retirement Class | 10/1/02 | 11.72 | 30.31 | 10.41 | 12.70 | 0.74 | 0.74 | |||||||||||||||||||||
| Retail Class | 10/1/02 | 11.72 | 30.29 | 10.36 | 12.63 | 0.79 | 0.79 | |||||||||||||||||||||
| FTSE Nareit All Equity REITs Index | — | 12.28 | 31.54 | 8.41 | 12.13 | — | — | |||||||||||||||||||||
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
| * | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2022, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
| † | The performance shown for the Advisor Class that is prior to its inception date is based on the performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class. If these actual expenses had been reflected, the performance of the Advisor Class shown for these periods would have been different because the Advisor Class has different expenses than the Institutional Class. |
| 10 | 2021 Semiannual Report ■ TIAA-CREF Real Estate Securities Fund |
Real Estate Securities Fund
Portfolio composition
| Sector | % of net assets as of 9/30/2021 | |
| Specialized REITs | 27.2 | |
| Residential REITs | 25.4 | |
| Retail REITs | 13.0 | |
| Industrial REITs | 11.6 | |
| Health care REITs | 6.8 | |
| Office REITs | 5.8 | |
| Internet services & infrastructure | 2.3 | |
| Hotel & resort REITs | 1.5 | |
| Diversified REITs | 1.0 | |
| Casinos & gaming | 0.5 | |
| Real estate operating companies | 0.5 | |
| Short-term investments, other assets & liabilities, net | 4.4 | |
| Total | 100.0 |
Fund profile
| as of 9/30/2021 | ||
| Net assets | $4.15 billion | |
| Portfolio turnover rate* | 6% | |
| Number of holdings | 70 | |
| Weighted median market capitalization | $22.07 billion | |
| Price/earnings ratio (weighted 12-month trailing average)† | 56.2 |
| * | The portfolio turnover rate covers the six-month period from April 1, 2021–September 30, 2021, and is not annualized. |
| † | Price/earnings ratio is the price of a stock divided by its earnings per share for the past twelve-month period. |
Holdings by company size
| Market capitalization | % of equity investments as of 9/30/2021 | |
| More than $50 billion | 23.9 | |
| More than $15 billion–$50 billion | 44.8 | |
| More than $2 billion–$15 billion | 29.4 | |
| $2 billion or less | 1.9 | |
| Total | 100.0 |
| TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 11 |
Portfolio of investments (unaudited)
Real Estate Securities Fund ■ September 30, 2021
| Shares | Company | Value | |||||||
| COMMON STOCKS–95.6% | |||||||||
| CASINOS & GAMING–0.5% | |||||||||
| 275,000 | * | Las Vegas Sands Corp | $ | 10,065,000 | |||||
| 125,000 | * | Wynn Resorts Ltd | 10,593,750 | ||||||
| TOTAL CASINOS & GAMING | 20,658,750 | ||||||||
| DIVERSIFIED REITS–1.0% | |||||||||
| 1,700,000 | Empire State Realty Trust, Inc | 17,051,000 | |||||||
| 800,000 | STORE Capital Corp | 25,624,000 | |||||||
| TOTAL DIVERSIFIED REITS | 42,675,000 | ||||||||
| HEALTH CARE REITS–6.8% | |||||||||
| 500,000 | Healthcare Trust of America, Inc | 14,830,000 | |||||||
| 1,650,000 | Healthpeak Properties Inc | 55,242,000 | |||||||
| 570,000 | Omega Healthcare Investors, Inc | 17,077,200 | |||||||
| 880,000 | Sabra Healthcare REIT, Inc | 12,953,600 | |||||||
| 1,500,000 | Ventas, Inc | 82,815,000 | |||||||
| 1,200,000 | Welltower, Inc | 98,880,000 | |||||||
| TOTAL HEALTH CARE REITS | 281,797,800 | ||||||||
| HOTEL & RESORT REITS–1.5% | |||||||||
| 2,600,000 | * | Host Hotels and Resorts, Inc | 42,458,000 | ||||||
| 1,100,000 | * | Park Hotels & Resorts, Inc | 21,054,000 | ||||||
| TOTAL HOTEL & RESORT REITS | 63,512,000 | ||||||||
| INDUSTRIAL REITS–11.6% | |||||||||
| 160,000 | EastGroup Properties, Inc | 26,660,800 | |||||||
| 148,615 | Innovative Industrial Properties, Inc | 34,355,330 | |||||||
| 2,035,000 | Prologis, Inc | 255,250,050 | |||||||
| 2,090,000 | Rexford Industrial Realty, Inc | 118,607,500 | |||||||
| 750,000 | Terreno Realty Corp | 47,422,500 | |||||||
| TOTAL INDUSTRIAL REITS | 482,296,180 | ||||||||
| INTERNET SERVICES & INFRASTRUCTURE–2.3% | |||||||||
| 1,100,000 | * | GDS Holdings Ltd (ADR) | 62,271,000 | ||||||
| 1,603,071 | * | Megaport Ltd | 19,156,270 | ||||||
| 1,600,000 | * | NEXTDC Ltd | 13,629,501 | ||||||
| TOTAL INTERNET SERVICES & INFRASTRUCTURE | 95,056,771 | ||||||||
| OFFICE REITS–5.8% | |||||||||
| 460,000 | Alexandria Real Estate Equities, Inc | 87,892,200 | |||||||
| 580,000 | Boston Properties, Inc | 62,843,000 | |||||||
| 450,000 | Kilroy Realty Corp | 29,794,500 | |||||||
| 350,000 | SL Green Realty Corp | 24,794,000 | |||||||
| 800,000 | Vornado Realty Trust | 33,608,000 | |||||||
| TOTAL OFFICE REITS | 238,931,700 | ||||||||
| REAL ESTATE OPERATING COMPANIES–0.5% | |||||||||
| 1,500,000 | Tricon Capital Group, Inc | 20,014,211 | |||||||
| TOTAL REAL ESTATE OPERATING COMPANIES | 20,014,211 | ||||||||
| 12 | 2021 Semiannual Report ■ TIAA-CREF Real Estate Securities Fund | See notes to financial statements |
| Portfolio of investments (unaudited) | continued |
| Real Estate Securities Fund ■ September 30, 2021 |
| Shares | Company | Value | |||||||
| RESIDENTIAL REITS–25.4% | |||||||||
| 2,700,000 | American Homes 4 Rent | $ | 102,924,000 | ||||||
| 390,000 | Apartment Income REIT Corp | 19,035,900 | |||||||
| 780,000 | AvalonBay Communities, Inc | 172,879,200 | |||||||
| 250,000 | Camden Property Trust | 36,867,500 | |||||||
| 1,000,000 | Equity Lifestyle Properties, Inc | 78,100,000 | |||||||
| 2,100,000 | Equity Residential | 169,932,000 | |||||||
| 360,000 | Essex Property Trust, Inc | 115,106,400 | |||||||
| 4,200,000 | Ingenia Communities Group | 19,765,304 | |||||||
| 3,350,000 | Invitation Homes, Inc | 128,405,500 | |||||||
| 330,000 | Mid-America Apartment Communities, Inc | 61,627,500 | |||||||
| 530,000 | Sun Communities, Inc | 98,103,000 | |||||||
| 1,000,000 | UDR, Inc | 52,980,000 | |||||||
| TOTAL RESIDENTIAL REITS | 1,055,726,304 | ||||||||
| RETAIL REITS–13.0% | |||||||||
| 340,000 | Agree Realty Corp | 22,518,200 | |||||||
| 1,700,000 | Brixmor Property Group, Inc | 37,587,000 | |||||||
| 2,300,000 | Kimco Realty Corp | 47,725,000 | |||||||
| 1,300,000 | Macerich Co | 21,723,000 | |||||||
| 600,000 | Realty Income Corp | 38,916,000 | |||||||
| 850,000 | Regency Centers Corp | 57,230,500 | |||||||
| 1,800,000 | Simon Property Group, Inc | 233,946,000 | |||||||
| 2,150,000 | SITE Centers Corp | 33,196,000 | |||||||
| 600,000 | Spirit Realty Capital, Inc | 27,624,000 | |||||||
| 1,200,000 | Tanger Factory Outlet Centers, Inc | 19,560,000 | |||||||
| TOTAL RETAIL REITS | 540,025,700 | ||||||||
| SPECIALIZED REITS–27.2% | |||||||||
| 990,000 | American Tower Corp | 262,755,900 | |||||||
| 660,000 | Crown Castle International Corp | 114,391,200 | |||||||
| 520,000 | Digital Realty Trust, Inc | 75,114,000 | |||||||
| 200,000 | EPR Properties | 9,876,000 | |||||||
| 250,000 | Equinix, Inc | 197,532,500 | |||||||
| 320,000 | Extra Space Storage, Inc | 53,756,800 | |||||||
| 320,000 | Gaming and Leisure Properties, Inc | 14,822,400 | |||||||
| 400,000 | Lamar Advertising Co | 45,380,000 | |||||||
| 500,000 | National Storage Affiliates Trust | 26,395,000 | |||||||
| 1,200,000 | Outfront Media, Inc | 30,240,000 | |||||||
| 400,000 | Public Storage, Inc | 118,840,000 | |||||||
| 145,000 | SBA Communications Corp | 47,932,650 | |||||||
| 1,300,000 | VICI Properties, Inc | 36,933,000 | |||||||
| 2,700,000 | Weyerhaeuser Co | 96,039,000 | |||||||
| TOTAL SPECIALIZED REITS | 1,130,008,450 | ||||||||
| TOTAL COMMON STOCKS (Cost $2,627,798,670) | 3,970,702,866 | ||||||||
| See notes to financial statements | TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 13 |
| Portfolio of investments (unaudited) | concluded |
| Real Estate Securities Fund ■ September 30, 2021 |
| Maturity | |||||||||||||||
| Principal | Issuer | Rate | date | Value | |||||||||||
| SHORT-TERM INVESTMENTS–4.3% | |||||||||||||||
| GOVERNMENT AGENCY DEBT–3.6% | |||||||||||||||
| $ | 10,000,000 | Federal Agricultural Mortgage Corp (FAMC) | 0.000 | % | 11/30/21 | $ | 9,999,333 | ||||||||
| 24,450,000 | Federal Home Loan Bank (FHLB) | 0.000 | 10/20/21 | 24,449,742 | |||||||||||
| 65,777,000 | FHLB | 0.000 | 10/22/21 | 65,776,232 | |||||||||||
| 17,610,000 | FHLB | 0.000 | 10/25/21 | 17,609,765 | |||||||||||
| 15,000,000 | FHLB | 0.000 | 10/27/21 | 14,999,784 | |||||||||||
| 12,770,000 | FHLB | 0.000 | 12/29/21 | 12,768,738 | |||||||||||
| 1,129,000 | Tennessee Valley Authority (TVA) | 0.000 | 10/06/21 | 1,128,997 | |||||||||||
| TOTAL GOVERNMENT AGENCY DEBT | 146,732,591 | ||||||||||||||
| REPURCHASE AGREEMENT–0.7% | |||||||||||||||
| 30,075,000 | r | Fixed Income Clearing Corp (FICC) | 0.010 | 10/01/21 | 30,075,000 | ||||||||||
| TOTAL REPURCHASE AGREEMENT | 30,075,000 | ||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $176,806,843) | 176,807,591 | ||||||||||||||
| TOTAL INVESTMENTS–99.9% (Cost $2,804,605,513) | 4,147,510,457 | ||||||||||||||
| OTHER ASSETS & LIABILITIES, NET–0.1% | 4,368,444 | ||||||||||||||
| NET ASSETS–100.0% | $ | 4,151,878,901 | |||||||||||||
Abbreviation(s):
| ADR | American Repository Receipts |
| REIT | Real Estate Investment Trust |
| * | Non-income producing |
| r | Agreement with Fixed Income Clearing Corporation, 0.010%, dated 9/30/21 to be repurchased at $30,075,000 on 10/01/21, collateralized by U.S. Treasury Bonds valued at $30,676,535. |
| 14 | 2021 Semiannual Report ■ TIAA-CREF Real Estate Securities Fund | See notes to financial statements |
Statement of assets and liabilities (unaudited)
Real Estate Securities Fund ■ September 30, 2021
| ASSETS | ||||
| Portfolio investments, at value† | $ | 4,147,510,457 | ||
| Cash | 500,881 | |||
| Receivable from securities transactions | 10,028,973 | |||
| Receivable from Fund shares sold | 3,262,338 | |||
| Dividends and interest receivable | 9,778,393 | |||
| Other | 378,055 | |||
| Total assets | 4,171,459,097 | |||
| LIABILITIES | ||||
| Management fees payable | 1,634,588 | |||
| Service agreement fee payable | 154,619 | |||
| Distribution fee payable | 105,103 | |||
| Due to affiliates | 15,103 | |||
| Payable for securities transactions | 16,245,319 | |||
| Payable for Fund shares redeemed | 970,782 | |||
| Payable for trustee compensation | 246,650 | |||
| Accrued expenses and other payables | 208,032 | |||
| Total liabilities | 19,580,196 | |||
| NET ASSETS | $ | 4,151,878,901 | ||
| NET ASSETS CONSIST OF: | ||||
| Paid-in-capital | $ | 2,757,362,831 | ||
| Total distributable earnings (loss) | 1,394,516,070 | |||
| Net Assets | $ | 4,151,878,901 | ||
| INSTITUTIONAL CLASS: | ||||
| Net assets | $ | 2,922,486,895 | ||
| Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 138,711,062 | |||
| Net asset value per share | $ | 21.07 | ||
| ADVISOR CLASS: | ||||
| Net assets | $ | 109,535,232 | ||
| Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 5,196,463 | |||
| Net asset value per share | $ | 21.08 | ||
| PREMIER CLASS: | ||||
| Net assets | $ | 55,883,635 | ||
| Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 2,649,818 | |||
| Net asset value per share | $ | 21.09 | ||
| RETIREMENT CLASS: | ||||
| Net assets | $ | 608,222,893 | ||
| Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 27,577,680 | |||
| Net asset value per share | $ | 22.05 | ||
| RETAIL CLASS: | ||||
| Net assets | $ | 455,750,246 | ||
| Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 21,817,633 | |||
| Net asset value per share | $ | 20.89 | ||
| † Portfolio investments, cost | $ | 2,804,605,513 |
| See notes to financial statements | TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 15 |
Statement of operations (unaudited)
Real Estate Securities Fund ■ For the period ended September 30, 2021
| INVESTMENT INCOME | ||||
| Dividends* | $ | 42,861,729 | ||
| Payment from affiliate | 265,468 | |||
| Interest | 11,314 | |||
| Total income | 43,138,511 | |||
| EXPENSES | ||||
| Management fees | 9,079,366 | |||
| Shareholder servicing — Institutional Class | 5,245 | |||
| Shareholder servicing — Advisor Class | 54,045 | |||
| Shareholder servicing — Premier Class | 128 | |||
| Shareholder servicing — Retirement Class | 765,406 | |||
| Shareholder servicing — Retail Class | 74,720 | |||
| Distribution fees — Premier Class | 42,275 | |||
| Distribution fees — Retail Class | 548,396 | |||
| Administrative service fees | 34,683 | |||
| Trustee fees and expenses | 19,352 | |||
| Other expenses | 245,804 | |||
| Total expenses | 10,869,420 | |||
| Less: Fee waiver by investment adviser and Nuveen Securities | (70,785 | ) | ||
| Net expenses | 10,798,635 | |||
| Net investment income (loss) | 32,339,876 | |||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON TOTAL INVESTMENTS | ||||
| Realized gain (loss): | ||||
| Portfolio investments | 44,633,744 | |||
| Foreign currency transactions | (9,368 | ) | ||
| Net realized gain (loss) on total investments | 44,624,376 | |||
| Change in unrealized appreciation (depreciation) on: | ||||
| Portfolio investments | 310,285,346 | |||
| Translation of assets (other than portfolio investments) and liabilities denominated in foreign currencies | 9,650 | |||
| Net change in unrealized appreciation (depreciation) on total investments | 310,294,996 | |||
| Net realized and unrealized gain (loss) on total investments | 354,919,372 | |||
| Net increase (decrease) in net assets from operations | $ | 387,259,248 | ||
| * Net of foreign withholding taxes of | $ | 17,043 |
| 16 | 2021 Semiannual Report ■ TIAA-CREF Real Estate Securities Fund | See notes to financial statements |
Statements of changes in net assets
Real Estate Securities Fund ■ For the period or year ended
| September 30, 2021 | March 31, 2021 | ||||||||||
| (unaudited | ) | ||||||||||
| OPERATIONS | |||||||||||
| Net investment income (loss) | $ | 32,339,876 | $ | 46,223,939 | |||||||
| Net realized gain (loss) on total investments | 44,624,376 | 83,861,331 | |||||||||
| Net change in unrealized appreciation (depreciation) on total investments | 310,294,996 | 687,449,664 | |||||||||
| Net increase (decrease) in net assets from operations | 387,259,248 | 817,534,934 | |||||||||
| DISTRIBUTIONS TO SHAREHOLDERS | |||||||||||
| Institutional Class | (21,888,399 | ) | (34,056,999 | ) | |||||||
| Advisor Class | (726,704 | ) | (813,685 | ) | |||||||
| Premier Class | (398,784 | ) | (703,229 | ) | |||||||
| Retirement Class | (3,849,658 | ) | (6,800,689 | ) | |||||||
| Retail Class | (2,929,064 | ) | (4,749,733 | ) | |||||||
| Total distributions | (29,792,609 | ) | (47,124,335 | ) | |||||||
| SHAREHOLDER TRANSACTIONS | |||||||||||
| Subscriptions: | Institutional Class | 529,228,540 | 662,036,498 | ||||||||
| Advisor Class | 41,312,254 | 58,438,845 | |||||||||
| Premier Class | 8,014,045 | 8,311,088 | |||||||||
| Retirement Class | 38,182,134 | 35,513,832 | |||||||||
| Retail Class | 73,557,601 | 80,494,085 | |||||||||
| Reinvestments of distributions: | Institutional Class | 21,687,274 | 33,361,742 | ||||||||
| Advisor Class | 724,431 | 807,347 | |||||||||
| Premier Class | 398,682 | 703,055 | |||||||||
| Retirement Class | 3,849,569 | 6,800,689 | |||||||||
| Retail Class | 2,788,809 | 4,522,909 | |||||||||
| Redemptions: | Institutional Class | (145,535,196 | ) | (377,121,852 | ) | ||||||
| Advisor Class | (11,394,535 | ) | (21,557,315 | ) | |||||||
| Premier Class | (6,213,618 | ) | (17,735,465 | ) | |||||||
| Retirement Class | (26,547,910 | ) | (40,371,394 | ) | |||||||
| Retail Class | (28,911,072 | ) | (69,834,550 | ) | |||||||
| Net increase (decrease) from shareholder transactions | 501,141,008 | 364,369,514 | |||||||||
| Net increase (decrease) in net assets | 858,607,647 | 1,134,780,113 | |||||||||
| NET ASSETS | |||||||||||
| Beginning of period | 3,293,271,254 | 2,158,491,141 | |||||||||
| End of period | $ | 4,151,878,901 | $ | 3,293,271,254 | |||||||
| See notes to financial statements | TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 17 |
| Statements of changes in net assets | concluded |
| Real Estate Securities Fund ■ For the period or year ended |
| September 30, 2021 | March 31, 2021 | ||||||||||
| (unaudited | ) | ||||||||||
| CHANGE IN FUND SHARES | |||||||||||
| Shares sold: | Institutional Class | 24,730,506 | 39,409,395 | ||||||||
| Advisor Class | 1,948,902 | 3,502,755 | |||||||||
| Premier Class | 378,795 | 505,171 | |||||||||
| Retirement Class | 1,744,157 | 1,969,222 | |||||||||
| Retail Class | 3,508,386 | 4,796,182 | |||||||||
| Shares reinvested: | Institutional Class | 1,014,389 | 1,946,389 | ||||||||
| Advisor Class | 33,843 | 46,706 | |||||||||
| Premier Class | 18,649 | 41,128 | |||||||||
| Retirement Class | 172,208 | 380,535 | |||||||||
| Retail Class | 131,672 | 266,730 | |||||||||
| Shares redeemed: | Institutional Class | (6,781,885 | ) | (22,268,340 | ) | ||||||
| Advisor Class | (546,710 | ) | (1,314,640 | ) | |||||||
| Premier Class | (287,753 | ) | (1,102,012 | ) | |||||||
| Retirement Class | (1,181,831 | ) | (2,340,798 | ) | |||||||
| Retail Class | (1,372,687 | ) | (4,244,886 | ) | |||||||
| Net increase (decrease) from shareholder transactions | 23,510,641 | 21,593,537 | |||||||||
| 18 | 2021 Semiannual Report ■ TIAA-CREF Real Estate Securities Fund | See notes to financial statements |
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| TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 19 |
Real Estate Securities Fund
| Selected per share data | Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net realized | Ratios to average net assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| For the | Net asset | Net | & unrealized | Total gain | Less distributions from | Total | Net asset | Total return | Net assets | Net | Net investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| period | value, | investment | gain (loss | ) | (loss) from | Net | Net | dividends | value, | excluding | at end of | investment | income (loss | ) | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||||||
| or year | beginning | income | on total | investment | investment | realized | and | end of | Total | payment from | period (in | Gross | Net | income | excluding payments | turnover | ||||||||||||||||||||||||||||||||||||||||||||||||
| ended | of period | (loss | )a | investments | operations | income | gains | distributions | period | return | affiliates | u | thousands | ) | expense | expense | (loss | ) | from affiliates | u | rate | |||||||||||||||||||||||||||||||||||||||||||
| Institutional Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9/30/21 | # | $18.98 | $0.18 | $ 2.08 | $ 2.26 | $(0.17 | ) | $ — | $(0.17 | ) | $21.07 | 11.88 | %b | 11.87 | %b | $ | 2,922,487 | 0.48 | %c | 0.47 | %c | 1.72 | %c | 1.71 | %c | 6 | %b | |||||||||||||||||||||||||||||||||||||
| 3/31/21 | 14.21 | 0.30 | 4.77 | 5.07 | (0.30 | ) | — | (0.30 | ) | 18.98 | 35.94 | 35.92 | 2,272,604 | 0.49 | 0.47 | 1.77 | 1.76 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||
| 3/31/20 | 16.88 | 0.35 | (1.89 | ) | (1.54 | ) | (0.33 | ) | (0.80 | ) | (1.13 | ) | 14.21 | (10.16 | ) | (10.17 | ) | 1,430,143 | 0.50 | 0.50 | 1.95 | 1.94 | 39 | |||||||||||||||||||||||||||||||||||||||||
| 3/31/19 | 14.65 | 0.33 | 2.40 | 2.73 | (0.36 | ) | (0.14 | ) | (0.50 | ) | 16.88 | 18.91 | 18.90 | 1,582,056 | 0.51 | 0.51 | 2.13 | 2.12 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
| 3/31/18 | 15.31 | 0.32 | 0.26 | 0.58 | (0.28 | ) | (0.96 | ) | (1.24 | ) | 14.65 | 3.45 | 3.44 | 1,298,830 | 0.51 | 0.51 | 2.08 | 2.07 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
| 3/31/17 | 15.44 | 0.27 | 0.15 | 0.42 | (0.32 | ) | (0.23 | ) | (0.55 | ) | 15.31 | 2.82 | 2.79 | 1,448,714 | 0.51 | 0.50 | 1.79 | 1.76 | 52 | |||||||||||||||||||||||||||||||||||||||||||||
| Advisor Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9/30/21 | # | 18.99 | 0.17 | 2.08 | 2.25 | (0.16 | ) | — | (0.16 | ) | 21.08 | 11.82 | b | 11.81 | b | 109,535 | 0.59 | c | 0.59 | c | 1.62 | c | 1.60 | c | 6 | b | ||||||||||||||||||||||||||||||||||||||
| 3/31/21 | 14.22 | 0.26 | 4.79 | 5.05 | (0.28 | ) | — | (0.28 | ) | 18.99 | 35.76 | 35.74 | 71,403 | 0.62 | 0.59 | 1.55 | 1.53 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||
| 3/31/20 | 16.89 | 0.32 | (1.88 | ) | (1.56 | ) | (0.31 | ) | (0.80 | ) | (1.11 | ) | 14.22 | (10.27 | ) | (10.28 | ) | 21,689 | 0.62 | 0.62 | 1.79 | 1.78 | 39 | |||||||||||||||||||||||||||||||||||||||||
| 3/31/19 | 14.66 | 0.18 | 2.54 | 2.72 | (0.35 | ) | (0.14 | ) | (0.49 | ) | 16.89 | 18.76 | 18.75 | 5,366 | 0.64 | 0.64 | 1.19 | 1.18 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
| 3/31/18 | 15.32 | 0.31 | 0.25 | 0.56 | (0.26 | ) | (0.96 | ) | (1.22 | ) | 14.66 | 3.31 | 3.30 | 1,235 | 0.65 | 0.65 | 1.98 | 1.98 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
| 3/31/17 | 15.44 | 0.18 | 0.24 | 0.42 | (0.31 | ) | (0.23 | ) | (0.54 | ) | 15.32 | 2.82 | 2.80 | 579 | 0.56 | 0.56 | 1.20 | 1.18 | 52 | |||||||||||||||||||||||||||||||||||||||||||||
| Premier Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9/30/21 | # | 19.00 | 0.17 | 2.07 | 2.24 | (0.15 | ) | — | (0.15 | ) | 21.09 | 11.79 | b | 11.78 | b | 55,884 | 0.63 | c | 0.62 | c | 1.57 | c | 1.56 | c | 6 | b | ||||||||||||||||||||||||||||||||||||||
| 3/31/21 | 14.22 | 0.27 | 4.79 | 5.06 | (0.28 | ) | — | (0.28 | ) | 19.00 | 35.78 | 35.76 | 48,255 | 0.64 | 0.62 | 1.62 | 1.60 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||
| 3/31/20 | 16.89 | 0.32 | (1.88 | ) | (1.56 | ) | (0.31 | ) | (0.80 | ) | (1.11 | ) | 14.22 | (10.31 | ) | (10.32 | ) | 44,026 | 0.65 | 0.65 | 1.80 | 1.79 | 39 | |||||||||||||||||||||||||||||||||||||||||
| 3/31/19 | 14.66 | 0.30 | 2.41 | 2.71 | (0.34 | ) | (0.14 | ) | (0.48 | ) | 16.89 | 18.72 | 18.71 | 77,572 | 0.66 | 0.66 | 1.97 | 1.96 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
| 3/31/18 | 15.32 | 0.30 | 0.25 | 0.55 | (0.25 | ) | (0.96 | ) | (1.21 | ) | 14.66 | 3.28 | 3.27 | 79,281 | 0.66 | 0.66 | 1.94 | 1.94 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
| 3/31/17 | 15.44 | 0.25 | 0.16 | 0.41 | (0.30 | ) | (0.23 | ) | (0.53 | ) | 15.32 | 2.73 | 2.70 | 94,236 | 0.66 | 0.65 | 1.66 | 1.63 | 52 | |||||||||||||||||||||||||||||||||||||||||||||
| Retirement Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9/30/21 | # | 19.86 | 0.16 | 2.17 | 2.33 | (0.14 | ) | — | (0.14 | ) | 22.05 | 11.72 | b | 11.71 | b | 608,223 | 0.73 | c | 0.72 | c | 1.48 | c | 1.46 | c | 6 | b | ||||||||||||||||||||||||||||||||||||||
| 3/31/21 | 14.86 | 0.27 | 4.99 | 5.26 | (0.26 | ) | — | (0.26 | ) | 19.86 | 35.58 | 35.56 | 533,102 | 0.74 | 0.72 | 1.52 | 1.51 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||
| 3/31/20 | 17.60 | 0.32 | (1.97 | ) | (1.65 | ) | (0.29 | ) | (0.80 | ) | (1.09 | ) | 14.86 | (10.39 | ) | (10.40 | ) | 398,674 | 0.75 | 0.75 | 1.70 | 1.69 | 39 | |||||||||||||||||||||||||||||||||||||||||
| 3/31/19 | 15.25 | 0.30 | 2.51 | 2.81 | (0.32 | ) | (0.14 | ) | (0.46 | ) | 17.60 | 18.67 | 18.66 | 424,963 | 0.76 | 0.76 | 1.88 | 1.87 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
| 3/31/18 | 15.90 | 0.30 | 0.25 | 0.55 | (0.24 | ) | (0.96 | ) | (1.20 | ) | 15.25 | 3.12 | 3.11 | 350,291 | 0.76 | 0.76 | 1.85 | 1.84 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
| 3/31/17 | 16.00 | 0.25 | 0.16 | 0.41 | (0.28 | ) | (0.23 | ) | (0.51 | ) | 15.90 | 2.66 | 2.63 | 335,327 | 0.76 | 0.75 | 1.58 | 1.55 | 52 | |||||||||||||||||||||||||||||||||||||||||||||
| Retail Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9/30/21 | # | 18.82 | 0.15 | 2.06 | 2.21 | (0.14 | ) | — | (0.14 | ) | 20.89 | 11.72 | b | 11.71 | b | 455,750 | 0.76 | c | 0.76 | c | 1.44 | c | 1.43 | c | 6 | b | ||||||||||||||||||||||||||||||||||||||
| 3/31/21 | 14.09 | 0.25 | 4.73 | 4.98 | (0.25 | ) | — | (0.25 | ) | 18.82 | 35.57 | 35.55 | 367,908 | 0.79 | 0.76 | 1.48 | 1.46 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||
| 3/31/20 | 16.74 | 0.29 | (1.86 | ) | (1.57 | ) | (0.28 | ) | (0.80 | ) | (1.08 | ) | 14.09 | (10.41 | ) | (10.42 | ) | 263,960 | 0.79 | 0.79 | 1.66 | 1.65 | 39 | |||||||||||||||||||||||||||||||||||||||||
| 3/31/19 | 14.54 | 0.28 | 2.38 | 2.66 | (0.32 | ) | (0.14 | ) | (0.46 | ) | 16.74 | 18.50 | 18.49 | 253,540 | 0.81 | 0.81 | 1.86 | 1.85 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
| 3/31/18 | 15.21 | 0.28 | 0.24 | 0.52 | (0.23 | ) | (0.96 | ) | (1.19 | ) | 14.54 | 3.09 | 3.08 | 223,112 | 0.81 | 0.81 | 1.79 | 1.78 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
| 3/31/17 | 15.33 | 0.24 | 0.14 | 0.38 | (0.27 | ) | (0.23 | ) | (0.50 | ) | 15.21 | 2.59 | 2.56 | 225,844 | 0.82 | 0.81 | 1.55 | 1.52 | 52 | |||||||||||||||||||||||||||||||||||||||||||||
| # | Unaudited |
| a | Based on average shares outstanding. |
| b | The percentages shown for this period are not annualized. |
| c | The percentages shown for this period are annualized. |
| u | Income reflects voluntary compensation from Advisors in amounts that approximate a portion of the cost of research services obtained from broker-dealers and research providers if Advisors had purchased the research services directly. The total return and net investment income ratio displayed excludes this item. |
| 20 | 2021 Semiannual Report ■ TIAA-CREF Real Estate Securities Fund | See notes to financial statements | See notes to financial statements | TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 21 |
Notes to financial statements (unaudited)
Real Estate Securities Fund
Note 1—organization
The TIAA-CREF Real Estate Securities Fund (the “Fund”) is one of the investment portfolios of the TIAA-CREF Funds (the “Trust”), a Delaware statutory trust that is registered with the U.S. Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”), as an open-end management investment company.
Teachers Advisors, LLC (“Advisors”), a wholly owned indirect subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”), is registered with the SEC as an investment adviser and provides investment management services for the Fund.
The Fund offers its shares, without a sales load, through its principal underwriter, Nuveen Securities, LLC (“Nuveen Securities”), which is a wholly owned indirect subsidiary of TIAA.
The Fund offers five share classes: Institutional Class, Advisor Class, Premier Class, Retirement Class and Retail Class shares. Each class differs by the allocation of class-specific expenses and voting rights in matters affecting a single class.
Note 2—significant accounting policies
The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require the use of estimates made by management and the evaluation of subsequent events. Actual results may differ from those estimates. The Fund is an investment company and follows the accounting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 946, Financial Services—Investment Companies. The net asset value (“NAV”) for financial reporting purposes may differ from the NAV for processing transactions. The NAV for financial reporting purposes includes security and shareholder transactions through the date of the report. Total return is computed based on the NAV used for processing transactions. The following is a summary of the significant accounting policies consistently followed by the Fund.
Investments and investment income: Securities transactions are accounted for as of the trade date for financial reporting purposes. Interest income is recorded on an accrual basis and includes accretion of discounts and amortization of premiums. Dividend income is recorded on the ex-dividend date. Foreign dividend income is recorded on the ex-dividend date or as soon as possible after the Fund determines the existence of a dividend declaration. Realized gains and losses on securities transactions are based upon the specific identification method. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments and/or as a realized gain. The Fund estimates the components of distributions received that may be considered return of capital distributions or capital gain distributions.
| 22 | 2021 Semiannual Report ■ TIAA-CREF Real Estate Securities Fund |
Multiclass operations and allocations: Income, expenses, realized gains and losses and unrealized appreciation and depreciation of the Fund are allocated on a pro rata basis to each class of shares, except for service agreement fees, distribution fees and transfer agency fees and expenses, which are unique to each class of shares. Most expenses of the Trust can be directly attributed to a fund. Expenses that cannot be directly attributed are allocated to each fund in the Trust based upon the average net assets of each fund.
Distributions to shareholders: Distributions to shareholders are recorded on the ex-dividend date. The amount, character and timing of distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.
Foreign currency transactions and translation: The books and records of the Fund are maintained in U.S. dollars. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollars at the end of each day. Purchases and sales of securities, income, and expenses are translated into U.S. dollars at the prevailing exchange rate on the respective dates of the transactions.
Net realized foreign currency gains and losses resulting from changes in exchange rates associated with (i) foreign currency, (ii) investments and (iii) derivatives include foreign currency gains and losses between trade date and settlement date of the transactions, foreign currency transactions, and the difference between the amounts of interest and dividends recorded on the books of the Fund and the amounts actually received and are recognized as a component of “Net realized gain (loss) on total investments” on the Statement of operations, when applicable.
The unrealized gains and losses resulting from changes in foreign currency exchange rates and changes in foreign exchange rates associated with (i) investments and (ii) other assets and liabilities are recognized as a component of “change in Net unrealized appreciation (depreciation) of investments and foreign currency” on the Statement of operations, when applicable.
Trustee compensation: The Fund pays the members of the Board of Trustees (“Board”), all of whom are independent, certain remuneration for their services, plus travel and other expenses. Trustees may elect to participate in a deferred compensation plan and defer all or a portion of their compensation. In addition, trustees participate in a long-term compensation plan. Amounts deferred are retained by the Fund until paid. Amounts payable to the trustees for compensation are included separately in the accompanying Statement of assets and liabilities. Trustees’ fees, including any deferred and long-term compensation incurred, are reflected in the Statement of operations.
Indemnification: Under the Trust’s organizational documents, its officers and directors are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts that provide general indemnifications to other parties. The Trust’s maximum exposure under these arrangements is unknown as this would
| TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 23 |
Notes to financial statements (unaudited)
involve future claims that may be made against the Trust that have not yet occurred. However, the Trust has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.
Other matters: The outbreak of the novel coronavirus (“COVID-19”) and subsequent global pandemic began significantly impacting the U.S. and global financial markets and economies during the calendar quarter ended March 31, 2020. The worldwide spread of COVID-19 has created significant uncertainty in the global economy. The duration and extent of COVID-19 over the long term cannot be reasonably estimated at this time. The ultimate impact of COVID-19 and the extent to which COVID-19 impacts the Fund’s normal course of business, results of operations, investments, and cash flows will depend on future developments, which are highly uncertain and difficult to predict. Management continues to monitor and evaluate this situation.
New rule issuance: In December 2020, the SEC voted to adopt a new rule governing fund valuation practices. New Rule 2a-5 under the 1940 Act establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 will permit fund boards to designate certain parties to perform fair value determinations, subject to board oversight and certain other conditions. Rule 2a-5 also defines when market quotations are “readily available” for purposes of Section 2(a)(41) of the 1940 Act, which requires a fund to fair value a security when market quotations are not readily available. The SEC also adopted new Rule 31a-4 under the 1940 Act, which sets forth the recordkeeping requirements associated with fair value determinations. Finally, the SEC is rescinding previously issued guidance on related issues, including the role of a board in determining fair value and the accounting and auditing of fund investments. Rule 2a-5 and Rule 31a-4 became effective on March 8, 2021, with a compliance date of September 8, 2022. A fund may voluntarily comply with the rules after the effective date, and in advance of the compliance date, under certain conditions. Management is currently assessing the impact of these provisions on the Funds’ financial statements.
Note 3—valuation of investments
The Fund’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy that is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best
| 24 | 2021 Semiannual Report ■ TIAA-CREF Real Estate Securities Fund |
continued
information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
| • | Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities. |
| • | Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.). |
| • | Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments). |
A description of the valuation techniques applied to the Fund’s major classifications of assets and liabilities measured at fair value follows:
Debt securities: Prices of fixed-income securities are provided by an independent pricing service (“pricing service”) approved by the Board. The pricing service establishes a security’s fair value using methods that may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor’s credit characteristics considered relevant. In pricing certain securities, particularly less liquid and lower quality securities, the pricing service may consider information about a security, its issuer or market activity provided by Advisors. These securities are generally classified as Level 2.
Exchange-traded equity securities, common and preferred stock: Equity securities and exchange-traded funds 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. 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. To the extent these securities are actively traded and that valuation adjustments are not applied, they are categorized as Level 1. If there is no official close of business, then the latest available sale price is utilized. If no sales are reported, then the mean of the latest available bid and asked prices is utilized and the securities are generally classified as Level 2.
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 Fund’s net assets are calculated, such securities will be valued at fair value in accordance with procedures adopted by the Board. These foreign securities are generally classified as Level 2.
Investments in registered investment companies: Investments in investment companies are valued at their respective NAVs on the valuation date and are generally classified as Level 1.
| TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 25 |
Notes to financial statements (unaudited)
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. As a general principle, the fair value of a security would appear to be the amount that the owner might reasonably expect to receive for it in a current sale. A variety of factors may be considered in determining the fair value of such securities, which may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor’s credit characteristics considered relevant. To the extent the inputs are observable and timely, the values would be classified as Level 2; otherwise they would be classified as Level 3.
The following table summarizes the market value of the Fund’s investments as of September 30, 2021, based on the inputs used to value them:
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Equity investments: | ||||||||||||||||
| Internet Services & Infrastructure | $ | 62,271,000 | $ | 32,785,771 | $ | — | $ | 95,056,771 | ||||||||
| Residential REITs | 1,035,961,000 | 19,765,304 | — | 1,055,726,304 | ||||||||||||
| All other equity investments* | 2,819,919,791 | — | — | 2,819,919,791 | ||||||||||||
| Short-term investments | — | 176,807,591 | — | 176,807,591 | ||||||||||||
| Total | $ | 3,918,151,791 | $ | 229,358,666 | $ | — | $ | 4,147,510,457 | ||||||||
| * | For detailed categories, see the accompanying Portfolio of investments. |
Note 4—investments
Purchases and sales: Purchases and sales of securities (other than short-term instruments) for the Fund for the period ended September 30, 2021 were as follows:
| Non-U.S. government purchases | Non-U.S. government sales | |||||
| $ | 424,319,870 | $ | 216,793,447 | |||
Note 5—Income tax and other tax matters
Income taxes: The Fund intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code (“Code”) and will not be subject to income taxes to the extent that the Fund distributes all taxable income each year and complies with various other Code requirements. The Fund files income tax returns in U.S. federal and applicable state and local jurisdictions. The Fund’s federal income tax returns are generally subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to examination for an additional period of time depending on the jurisdiction. Management has analyzed the Fund’s tax positions taken for all open federal income
| 26 | 2021 Semiannual Report ■ TIAA-CREF Real Estate Securities Fund |
continued
tax years and has concluded that no provision for federal income tax is required in the Fund’s financial statements.
The timing and character of income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. GAAP. Reclassifications are made to the Fund’s capital accounts for permanent tax differences to reflect income and gains available for distribution (or available capital loss carryforwards) under income tax regulations.
Foreign taxes: The Fund may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Fund will accrue such taxes and recoveries as applicable, based upon the current interpretation of tax rules and regulations that exist in the markets in which the Fund invests.
Net unrealized appreciation (depreciation): At September 30, 2021, 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:
| Tax cost |
Gross unrealized appreciation |
Gross unrealized (depreciation |
) | Net unrealized appreciation (depreciation |
) | |||||||||
| $ | 2,834,886,596 | $ | 1,346,360,313 | $ | (33,736,452 | ) | $ | 1,312,623,861 | ||||||
For purposes of this disclosure, tax cost generally includes the cost of portfolio investments as well as up-front 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.
Distributions to shareholders: The tax character of distributions paid to shareholders during the year ended March 31, 2021 was as follows:
| Ordinary income | Long-term capital gains | Total | |||||||
| 3/31/2021 | $ | 47,124,335 | $ | — | $ | 47,124,335 | |||
The tax character of the fiscal year 2022 distributions will be determined at the end of the fiscal year.
In certain circumstances, a fund may accept portfolio securities rather than cash as payment for a purchase of fund shares (in-kind purchase). During the period ended September 30, 2021 the Real Estate Securities Fund received $169,711,410 of securities from in-kind purchase transactions.
Note 6—Investment adviser and other transactions with affiliates
Under the terms of its Investment Management Agreement, the Fund pays Advisors a monthly fee based on the annual rate of between 0.35% and 0.50% of the Fund’s average daily net assets for the management of the Fund’s investment portfolio. The
| TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 27 |
Notes to financial statements (unaudited)
investment management fee effective rate is 0.46% as of September 30, 2021. Prior to May 1, 2021, the investment management fee was between 0.325% and 0.475%.
The fee range represents a breakpoint schedule that reduces investment management fees as the Fund’s net assets increase. The Fund has entered into an Administrative Service Agreement with Advisors under which the Fund pays Advisors for its costs in providing certain administrative and compliance services to the Fund.
Under the terms of a Retirement Class Service Agreement, the Retirement Class of the Fund pays Advisors a monthly fee based on the annual rate of 0.25% of the Fund’s average daily net assets attributable to Retirement Class shares of the Fund for providing certain administrative costs associated with the maintenance of Retirement Class shares on retirement plan or other platforms. Substantially all of the Retirement Class shareholder servicing fees reported on the Statement of operations are paid to Advisors under the Service Agreement.
Under the terms of a distribution Rule 12b-1 plan, the Retail Class of the Fund compensates Nuveen Securities for providing distribution, promotional and/or shareholder services to the Retail Class of the Fund at the annual rate of 0.25% of the average daily net assets attributable to the Fund’s Retail Class. The Premier Class of the Fund is subject to a distribution Rule 12b-1 plan that compensates Nuveen Securities for providing distribution, promotional and/or shareholder services to the Premier Class of the Fund at the annual rate of 0.15% of the average daily net assets attributable to the Fund’s Premier Class.
Advisors has agreed to reimburse the Fund if its total expense ratio (excluding interest, taxes, brokerage commissions and other transactional expenses, acquired fund fees and expenses and extraordinary expenses) exceeds 0.57% of average daily net assets for the Institutional Class shares; 0.72% of average daily net assets for the Advisor Class shares; 0.72% of average daily net assets for the Premier Class shares; 0.82% of average daily net assets for the Retirement Class shares; and 0.96% of the average daily net assets for the Retail Class shares. The expense reimbursement arrangements will continue through at least July 31, 2022, unless changed with approval of the Board.
Income, reflected in Payment from affiliate on the Statement of operations, reflects voluntary compensation from Advisors in amounts that approximate a portion of the cost of research services obtained from broker-dealers and research providers if Advisors had purchased the research services directly.
The Fund may purchase or sell investment securities in transactions with affiliated entities under procedures adopted by the Board, pursuant to the 1940 Act. These transactions are effected at market rates without incurring broker commissions. For the period ended September 30, 2021, these transactions did not materially impact the Fund.
| 28 | 2021 Semiannual Report ■ TIAA-CREF Real Estate Securities Fund |
concluded
At September 30, 2021, TIAA Access, a registered separate account of TIAA, owned 12% of the Fund’s shares.
TIAA-CREF Tuition Financing, Inc. (“TFI”), a wholly owned direct subsidiary of TIAA, is a registered investment adviser that provides program management services to multiple qualified tuition programs formed under Section 529 of the Internal Revenue Code (“529 Plans”). These 529 Plans, each of which operates independently, invest a portion of their assets in the Fund. As of September 30, 2021, one 529 Plan owned 8% of the Real Estate Securities Fund.
Companies in which the Fund holds 5% or more of the outstanding voting shares are considered “affiliated companies” of the Fund, pursuant to the 1940 Act. As of September 30, 2021, there were no affiliated investments.
Note 7—inter-fund lending program
Pursuant to an exemptive order issued by the SEC, the Fund may participate in an inter-fund lending program. This program allows the Fund to lend cash to and/or borrow cash from certain other affiliated Funds for temporary purposes, (e.g., to satisfy redemption requests or to cover unanticipated cash shortfalls). The program is subject to a number of conditions, including the requirement that the Fund may not borrow or lend money under the program unless it receives a more favorable interest rate than is available from a bank or other financial institution for a comparable transaction. In addition, the Fund may participate in the program only if its participation is consistent with the Fund’s investment policies and limitations and authorized by its portfolio manager(s). During the period ended September 30, 2021, there were no inter-fund borrowing or lending transactions.
Note 8—line of credit
The Fund participates in a $1 billion unsecured revolving credit facility that can be used for temporary purposes, including, without limitation, the funding of shareholder redemptions. The current facility was entered into on June 15, 2021 expiring on June 14, 2022, replacing the previous facility, which expired June 2021. Certain affiliated accounts and mutual funds, each of which is managed by Advisors, or an affiliate of Advisors, also participate in this facility. An annual commitment fee for the credit facility is borne by the participating accounts and mutual funds on a pro rata basis. Interest associated with any borrowing under the facility is charged to the borrowing accounts or mutual funds at a specified rate of interest. The Fund is not liable for borrowings under the facility by other affiliated accounts or mutual funds. For the period ended September 30, 2021, there were no borrowings under this credit facility by the Fund.
| TIAA-CREF Real Estate Securities Fund ■ 2021 Semiannual Report | 29 |
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Websites
TIAA.org
nuveen.com
Automated telephone service
800-842-2252
24 hours a day, 7 days a week
For the hearing- or speech-impaired
800-842-2755
8 a.m. to 10 p.m. (ET), Monday–Friday
You should carefully consider the investment objectives, risks, charges and expenses of any fund before investing. For a prospectus that contains this and other information, please visit TIAA.org, or call 800-842-2252 for the Institutional, Advisor, Premier and Retirement classes or 800-223-1200 for the Retail Class. Please read the prospectus carefully before investing. Investment, insurance and annuity products are not Federal Deposit Insurance Corporation (FDIC) insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. Nuveen, a subsidiary of TIAA, provides investment advice and portfolio management services through a dozen affiliated registered investment advisers. Nuveen Securities, LLC and TIAA-CREF Individual & Institutional Services, LLC, members FINRA, distribute securities products.
This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.
©2021 Teachers Insurance and Annuity Association of America—College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017-3206
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| 1847049 | A12456 (11/21) |
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TIAA-CREF Funds |
September 30, 2021 |
TIAA-CREF
Fixed-Income Funds
The semiannual report contains the financial statements (unaudited).
| Institutional | Advisor | Premier | Retirement | Retail | Class | |||||||
| Fund name | Class | Class | Class | Class | Class | W | ||||||
| Bond Index Fund | TBIIX | TBIAX | TBIPX | TBIRX | TBILX | TBIWX | ||||||
| Core Bond Fund | TIBDX | TIBHX | TIDPX | TIDRX | TIORX | TBBWX | ||||||
| Core Impact Bond Fund | TSBIX | TSBHX | TSBPX | TSBBX | TSBRX | — | ||||||
| Core Plus Bond Fund | TIBFX | TCBHX | TBPPX | TCBRX | TCBPX | TCBWX | ||||||
| 5–15 Year Laddered Tax-Exempt Bond Fund | TITIX | TIXHX | — | — | TIXRX | — | ||||||
| Green Bond Fund | TGRNX | TGRKX | TGRLX | TGRMX | TGROX | — | ||||||
| High-Yield Fund | TIHYX | TIHHX | TIHPX | TIHRX | TIYRX | TIHWX | ||||||
| Inflation-Linked Bond Fund | TIILX | TIIHX | TIKPX | TIKRX | TCILX | TIIWX | ||||||
| Short Duration Impact Bond Fund | TSDJX | TSDHX | TSDFX | TSDDX | TSDBX | — | ||||||
| Short-Term Bond Fund | TISIX | TCTHX | TSTPX | TISRX | TCTRX | TCTWX | ||||||
| Short-Term Bond Index Fund | TNSHX | TTBHX | TPSHX | TESHX | TRSHX | TTBWX | ||||||
| Money Market Fund | TCIXX | TMHXX | TPPXX | TIEXX | TIRXX | — |
Semiannual
Report
As permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the TIAA-CREF Funds’ (the “Funds”) annual and semiannual shareholder reports will not be sent to you by mail, unless you specifically request paper copies of the reports. Instead, they will be made available on TIAA’s website, TIAA.org, and you will be notified by mail each time a report is posted and provided with a website link to access the report.
You may elect to receive shareholder reports and other communications from the Funds electronically anytime by either (1) updating your account settings at TIAA.org/eDelivery, if you invest in the Funds directly or hold your Fund shares through a TIAA-affiliated financial intermediary, account or retirement plan (each, a “TIAA Account”), or (2) contacting your financial intermediary (such as a broker/dealer or bank) through which you hold Fund shares.
If you invest directly with the Funds or through a TIAA Account, you may elect to receive all future shareholder reports in paper free of charge by updating your account settings at TIAA.org/eDelivery or by calling 800-842-2252 during regular business hours. If you invest through another financial intermediary, you can contact your financial intermediary to request that you receive paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held with the fund complex if you invest directly with the Funds or through a TIAA Account, or to all funds held through your financial intermediary.
Contents
| Understanding this report | 3 |
| Letter to investors | 4 |
| Market monitor | 6 |
| Information for investors | 7 |
| About the funds’ benchmarks | 8 |
| Important information about expenses | 9 |
| Fund performance | |
| Bond Index Fund | 10 |
| Core Bond Fund | 12 |
| Core Impact Bond Fund | 14 |
| Core Plus Bond Fund | 16 |
| 5–15 Year Laddered Tax-Exempt Bond Fund | 18 |
| Green Bond Fund | 20 |
| High-Yield Fund | 22 |
| Inflation-Linked Bond Fund | 24 |
| Short Duration Impact Bond Fund | 26 |
| Short-Term Bond Fund | 28 |
| Short-Term Bond Index Fund | 30 |
| Money Market Fund | 32 |
| Summary portfolios of investments | 34 |
| Financial statements (unaudited) | |
| Statements of assets and liabilities | 64 |
| Statements of operations | 68 |
| Statements of changes in net assets | 70 |
| Financial highlights | 78 |
| Notes to financial statements | 94 |
| How to reach us | Inside back cover |
For the purposes of this report, “TIAA-CREF Funds” refers only to the TIAA-CREF Fixed-Income Funds listed on the cover of this report.
This semiannual report contains information about certain TIAA-CREF Funds and describes their results for the six months ended September 30, 2021. The report contains four main sections:
| • | A letter from Brad Finkle, President of the TIAA-CREF Fund Complex. | |
| • | The fund performance section compares each fund’s investment returns with those of its benchmark index. | |
| • | The summary portfolios of investments list the issuers, industries and types of securities in which each fund had investments as of September 30, 2021. | |
| • | The financial statements provide detailed information about the operations and financial condition of each fund. |
The views and opinions expressed in this report are through the end of the period, as stated on the cover of this report. They are subject to change at any time based on a variety of factors. As such, they are not guarantees of future performance or investment results and should not be taken as investment advice. To see the risks of investing in any fund, please read the latest prospectus.
As always, you should carefully consider the investment objectives, risks, charges and expenses of any fund before investing. For a prospectus that contains this and other important information, please visit our websites at TIAA.org or nuveen.com, or call 800-842-2252 for the Institutional, Advisor, Premier and Retirement classes or 800-223-1200 for the Retail Class. We urge you to read the prospectus carefully before investing.
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 3 |
 Brad Finkle |
The U.S. bond market delivered broad gains for the six months ended September 30, 2021, as the economy continued its strong recovery from the ongoing impact of COVID-19. For the period, each of the major fixed-income sectors recorded positive returns. All of the eleven fixed-income funds posted gains for the six months, while the Money Market Fund had a return of zero amid continued historically low interest rates.
• The broad U.S. bond market, as measured by the Bloomberg U.S. Aggregate Bond Index, returned 1.9% for the period. • Institutional Class returns for seven of the eleven fixed-income funds outperformed the results of their respective benchmarks. Please see page 8 for benchmark definitions. • Among the four remaining funds, two index funds and the Inflation-Linked Bond Fund modestly lagged their benchmarks. The High-Yield Fund posted a solid gain but also trailed its benchmark. The Money Market Fund underperformed its benchmark by a slight margin.
Bonds advanced amid growing economy
The U.S. economy grew at a brisk pace during the period as business activities continued to recover from the impact of COVID-19. Government stimulus measures and strong consumer spending contributed to the expansion. The unemployment rate declined steadily over the six months, reaching an 18-month low in September. The Federal Reserve held the federal funds target rate steady at 0.00%–0.25% but indicated that it might slow the rate of its bond-buying program if the economy continued to show signs of solid growth. Inflation rose and crude oil prices climbed higher during the period. All major fixed-income sectors gained ground. The advance of the Bloomberg U.S. Aggregate Bond Index reflected gains achieved primarily in the first three months of the period. U.S. Treasury inflation-protected securities produced the best returns for the six months, and high-yield bonds were also solid performers. More modest gains were recorded by municipal bonds and shorter-term securities.
All TIAA-CREF Fixed-Income Funds produced gains
All of the TIAA-CREF Fixed-Income Funds advanced for the six-month period. Performance for the Institutional Class ranged from 0.1% for the Short-Term Bond Index Fund to 3.9% for the Inflation-Linked Bond Fund. The Inflation-Linked Bond Fund’s return fell short of its benchmark, the Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index. The High-Yield Fund gained 3.3% but also lagged its benchmark, the ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index. The Core Plus Bond Fund gained 2.3%, while the Core Bond Fund and the Core Impact Bond Fund each returned 2.1%. All three funds outperformed their shared benchmark, the Bloomberg U.S. Aggregate Bond Index, in large part due to overweight positions in corporate bonds, which outperformed other sectors for the period. |
| 4 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
The Green Bond Fund advanced 2.4% to outpace its benchmark, the Bloomberg MSCI U.S. Green Bond Index. Out-of-benchmark positions in municipal bonds and asset-backed securities, as well an overweight position in commercial mortgage-backed securities, helped drive the superior relative performance.
The 5–15 Year Laddered Tax-Exempt Bond Fund outperformed its benchmark with a return of 1.3%, due mostly to an overweight position in the transportation sector.
The Short Duration Impact Bond Fund gained 0.7%, while the Short-Term Bond Fund returned 0.6%. Both benefited from overweight positions in corporate securities, which helped them outperform their common benchmark, the Bloomberg U.S. 1–3 Year Government/Credit Bond Index.
The Bond Index Fund advanced 1.8%, and the Short-Term Bond Index Fund gained 0.1%. Both modestly trailed their respective benchmarks, primarily due to the impact of expenses.
The Money Market Fund returned 0.0% to slightly underperform the iMoneyNet Money Fund Averages™—All Government.
A detailed overview of the fixed-income markets during the period appears in our Market Monitor on page 6. A discussion of each fund and its relative performance begins on page 10.
The value of a long-term approach
Since January 2020, when COVID-19 first began to spread around the world, citizens and investors alike experienced a host of challenges. However, despite the recent setbacks, such as the delta variant, we continue to see solid progress both economically and in public health.
An important lesson can be learned from the events of the past 20 months: investors who adhered to their long-term financial plans were rewarded by the recovery in the financial markets. We believe this illustrates the value of a disciplined, long-term perspective. As always, our view is that a diversified portfolio, which includes professionally managed fixed-income mutual funds, can be a prudent way for investors to manage the potential risks ahead. Of course, diversification cannot guarantee against market losses.
Please visit TIAA.org for more information on asset class performance. If you need help with your TIAA-CREF fixed-income portfolio, we recommend that you contact your financial advisor or call a TIAA financial consultant at 800-842-2252. We would be happy to help you.
/s/ Brad Finkle
Brad Finkle
President of the TIAA-CREF Fund Complex
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 5 |
Bond markets gained while economy extended recovery
For the six-month period, all of the major fixed-income markets recorded positive returns. The economy continued its robust recovery in the second quarter of 2021, benefiting from government stimulus and strong consumer spending. However, there were signs that growth was beginning to slow in the third quarter, primarily due to concerns about the spread of the COVID-19 delta variant, as well as certain bottlenecks in the supply chain for goods and services. The unemployment rate continued its gradual decline, falling to an 18-month low in August. Interest rates remained at historically low levels, while the Federal Reserve maintained a bond-buying program to aid credit markets and stimulate the economy. Investment-grade fixed-rate bonds, as represented by the Bloomberg U.S. Aggregate Bond Index, advanced 1.9% for the six months.
Among individual segments of the fixed-income market, the Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index advanced 4.0% for the six months. In an environment of very low interest rates, high-yield securities were also attractive to investors willing to take on additional risk for potentially greater yields. U.S. high-yield bonds, as represented by the ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index, gained 3.5%. Municipal Bonds, as measured by the Bloomberg 10-Year Municipal Bond Index, returned 1.0%, while the Bloomberg U.S. 1–3 Year Government/Credit Bond Index gained 0.1%.
Inflation-protected bonds outperformed for the period
U.S. bond performance for the six months ended September 30, 2021
Source: Investment grade: Bloomberg U.S. Aggregate Bond Index; Short term: Bloomberg U.S. 1–3 Year Government/Credit Index; Municipals: Bloomberg 10-Year Municipal Bond Index; Inflation protected: Bloomberg U.S. TIPS 1–10 Years Index; Corporate high yield: ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index. As of September 30, 2021.
Economy grew while inflation increased
Real gross domestic product (GDP), which measures the value of all goods and services produced in the United States, grew at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. Consumer spending, a leading driver of GDP, increased by 12.0% annually during these three months. The unemployment rate declined from 6.1% in April to 4.8% in September.
Core inflation, which includes all items except food and energy, increased 4.0% for the twelve months ended September 2021. The price of West Texas Intermediate (WTI) crude oil increased from $61 per barrel on April 1, 2021, to $75 by September 30, 2021. WTI peak prices recorded during the period were the highest since October 2018. The U.S. dollar rose modestly against other major currencies during the six months.
The broad U.S stock market, as measured by the Russell 3000® Index, returned 8.1% for the period. Larger early gains were offset by a decline in the final month of the period. Yields on shorter- and intermediate-maturity U.S. Treasuries rose modestly, while longer-term bond yields declined.
Fed kept rates unchanged, bought more bonds
The Federal Reserve left short-term interest rates unchanged throughout the period. The Fed maintained the federal funds target rate, a key short-term interest-rate measure, at 0.00%–0.25%. It also continued a program of purchasing at least $120 billion of bonds monthly to support the economy and financial markets. In September, policymakers reiterated plans to keep rates unchanged until employment and inflation targets were achieved. But they indicated that a more moderate pace of bond purchases might be warranted if the economy continued to expand.
The European Central Bank (ECB) left its key benchmark interest rates unchanged during the period. However, the ECB suggested in September that it would moderate the pace of its bond purchases that were authorized under a pandemic emergency program. Meanwhile, the Bank of England held its benchmark interest rate steady at 0.1% throughout the period.
| 6 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Portfolio holdings
Securities and Exchange Commission (SEC) rules allow investment companies to list the top holdings of each fund in their annual and semiannual reports instead of providing complete portfolio listings. The TIAA-CREF Funds also file complete portfolio listings with the SEC, and they are available to the public.
You can obtain a complete list of the TIAA-CREF Funds’ holdings (Schedules of Investments) as of the most recently completed fiscal quarter in the following ways:
| • | By visiting our websites at TIAA.org or nuveen.com; or | |
| • | By calling us at 800-842-2252 to request a copy, which will be provided free of charge. |
You can also obtain a complete list of the TIAA-CREF Funds’ portfolio holdings as of the most recently completed fiscal quarter, and for prior quarter-ends, from our SEC Form N-CSR and Form N-PORT or Form N-MFP (for money market products only) filings. Form N-CSR filings are as of March 31 or September 30; Form N-PORT or Form N-MFP filings are as of December 31 or June 30. Copies of these forms are available:
| • | Through the Electronic Data Gathering and Retrieval System (EDGAR) on the SEC’s website at sec.gov; or | |
| • | From the SEC’s Office of Investor Education and Advocacy. Call 202-551-8090 for more information. |
Proxy voting
In certain market conditions, the investment portfolio of a fixed-income fund may include shares of common or preferred stock. If that should occur, TIAA-CREF Funds’ ownership of stock would give it the right to vote on proxy issues of companies in which it invests. A description of our proxy voting policies and procedures can be found on our website at TIAA.org or on the SEC’s website at sec.gov. You can also call us at 800-842-2252 to request a free copy. A report of how the funds voted during the most recently completed twelve-month period ended June 30 can be found on our website or on Form N-PX at sec.gov.
Contacting TIAA
There are three easy ways to contact us: by email, using the Contact Us link at the top of our home page; by mail at TIAA, 730 Third Avenue, New York, NY 10017-3206; or by phone at 800-842-2252.
Fund management
The TIAA-CREF Funds are managed by the portfolio management teams of Teachers Advisors, LLC. The members of these teams are responsible for the day-to-day investment management of the funds.
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 7 |
The Bloomberg U.S. Aggregate Bond Index measures the performance of the domestic investment-grade fixed-rate bond market, including government and corporate securities, agency mortgage pass-through securities, asset-backed securities and commercial mortgage-backed securities.
The Bloomberg U.S. 1–3 Year Government/Credit Bond Index measures the performance of U.S. Treasury and agency securities and corporate bonds with 1- to 3-year maturities.
The ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index measures the performance of bond securities that pay interest in cash and have a credit rating of BB or B. ICE BofA uses a composite of Fitch Ratings, Moody’s and Standard & Poor’s credit ratings in selecting bonds for this index. These ratings measure the risk that the bond issuer will fail to pay interest or to repay principal in full. The index is market weighted so that larger bond issues have a greater effect on the index’s return. However, the representation of any single bond issuer is restricted to a maximum of 2% of the total index.
The Bloomberg 10-Year Municipal Bond Index measures the performance of intermediate- and longer-term tax-exempt bonds. Bonds in the index must be rated investment grade (Baa3/BBB- or higher), have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million.
The Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index measures the performance of fixed-income securities with maturities between 1 and 10 years that are adjusted for inflation, as measured by the Consumer Price Index for All Urban Consumers (CPI-U).
The Bloomberg MSCI U.S. Green Bond Index measures the performance of the U.S. market for fixed-income securities issued to fund projects with direct environmental benefits.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses. For additional details about the benchmark indexes, please read the funds’ latest prospectus.
Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively, “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg neither approves nor endorses this material, nor guarantees the accuracy or completeness of any information herein, nor makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
During the reporting period, “Bloomberg Barclays” fixed-income indices were rebranded as “Bloomberg” indices. This change affects all Bloomberg fixed-income indices.
Source: ICE Data Indices, LLC (“ICE DATA”), is used with permission. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES NOR THEIR RESPECTIVE THIRD PARTY PROVIDERS SHALL BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND YOUR USE IS AT YOUR OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DO NOT SPONSOR, ENDORSE, OR RECOMMEND TIAA-CREF FUNDS, OR ANY OF ITS PRODUCTS OR SERVICES.
| 8 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Important information about expenses
All shareholders of the TIAA-CREF Funds incur ongoing costs, including management fees and other fund expenses. They may also incur transactional costs for redemptions or account maintenance fees.
The expense examples that appear in this report are intended to help you understand your ongoing costs only (in U.S. dollars) and do not reflect transactional costs. The examples are designed to help you compare these ongoing costs with the ongoing costs of investing in other mutual funds.
The expenses shown do not include account maintenance fees, which may or may not be applicable, as described in the prospectus. If such fees were included, your total costs for investing in the funds would be higher. Note also that shareholders of the TIAA-CREF Funds do not incur a sales charge for purchases, reinvested dividends or other distributions.
The examples are based on an investment of $1,000 invested at the beginning of the six-month period and held for the entire period (April 1, 2021–September 30, 2021).
Actual expenses
The first section in each table uses the Fund’s actual expenses and its actual rate of return. You may use the information in this section, together with the amount you invested, to estimate the expenses that you paid over the six-month period.
Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading “Expenses paid during period” to estimate the expenses you paid during the six-month period. Some funds have a contractual fee reimbursement. Had these not been in effect, fund expenses would have been higher.
Hypothetical example for comparison purposes
The second section in each table shows hypothetical account values and expenses based on the Fund’s actual expense ratio for each share class for the six-month period and an assumed 5%-per-year rate of return before expenses. This was not the share class’ actual return.
This hypothetical example cannot be used to estimate the actual expenses you paid for the period, but rather allows you to compare the ongoing costs of investing in the Fund with the costs of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other mutual funds.
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 9 |
Expense example
Six months ended September 30, 2021
| Expenses | ||||||
| paid | ||||||
| Beginning | Ending | during | ||||
| account | account | period* | ||||
| value | value | (4/1/21– | ||||
| Bond Index Fund | (4/1/21) | (9/30/21) | 9/30/21) | |||
| Actual return | ||||||
| Institutional Class | $1,000.00 | $1,018.38 | $0.51 | |||
| Advisor Class | 1,000.00 | 1,017.88 | 1.01 | |||
| Premier Class | 1,000.00 | 1,017.61 | 1.26 | |||
| Retirement Class | 1,000.00 | 1,017.09 | 1.77 | |||
| Retail Class | 1,000.00 | 1,016.55 | 2.33 | |||
| Class W | 1,000.00 | 1,017.97 | 0.00 | |||
| 5% annual hypothetical return | ||||||
| Institutional Class | 1,000.00 | 1,024.57 | 0.51 | |||
| Advisor Class | 1,000.00 | 1,024.07 | 1.01 | |||
| Premier Class | 1,000.00 | 1,023.82 | 1.27 | |||
| Retirement Class | 1,000.00 | 1,023.31 | 1.78 | |||
| Retail Class | 1,000.00 | 1,022.76 | 2.33 | |||
| Class W | 1,000.00 | 1,025.07 | 0.00 | |||
| * | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/365. There were 183 days in the six months ended September 30, 2021. The Fund’s annualized six-month expense ratios for that period were 0.10% for the Institutional Class, 0.20% for the Advisor Class, 0.25% for the Premier Class, 0.35% for the Retirement Class, 0.46% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
| % of net assets | ||
| Sector | as of 9/30/2021 | |
| U.S. Treasury securities | 37.8 | |
| Mortgage-backed securities | 27.0 | |
| Corporate bonds | 22.4 | |
| Foreign government & corporate bonds denominated in U.S. dollars | 7.5 | |
| Commercial mortgage-backed securities | 2.0 | |
| U.S. agency securities | 1.3 | |
| Municipal bonds | 0.8 | |
| Asset-backed securities | 0.7 | |
| Short-term investments, other assets & liabilities, net | 0.5 | |
| Total | 100.0 |
Performance for the six months ended September 30, 2021
The Bond Index Fund returned 1.84% for the Institutional Class, compared with the 1.88% return of its benchmark, the Bloomberg U.S. Aggregate Bond Index. For the one-year period ended September 30, 2021, the Fund returned –0.99%, versus –0.90% for the index. The performance table shows returns for all share classes of the Fund.
Economic growth continued amid lower unemployment and elevated inflation
The U.S. economy expanded during the period, overcoming concerns about the continued impact of COVID-19 and the delta variant. Real gross domestic product, which measures the value of all goods and services produced in the United States, increased at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. The unemployment rate declined to 4.8% in September—its lowest level in 18 months. Core inflation, which measures all items except food and energy, rose 4.0% over the twelve months ended September 2021. Crude oil prices climbed from $61 to $75 per barrel during the six-month period.
The Federal Reserve maintained historically low interest rates during the period, keeping the federal funds target rate unchanged at 0.00%–0.25%. The Fed also continued to provide monetary stimulus by purchasing U.S. Treasury securities and other bonds. In September, policymakers indicated that a more moderate pace of bond-buying might be warranted if the economy continued to improve.
All major segments of the fixed-income market posted gains for the period. The Bloomberg U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, advanced. U.S. Treasury inflation-protected securities (TIPS) performed best, followed by high-yield bonds. Municipal and shorter-term bonds posted the smallest gains.
Corporate bonds drove the benchmark’s performance
All of the sectors in the Bloomberg U.S. Aggregate Bond Index advanced for the six months. Corporate bonds—the third-largest sector with a weighting of 26.5%—was the index’s second-best-performing component with a return of 3.5%. Government credit securities also outperformed the benchmark’s return, advancing 2.0%. U.S. Treasuries, the benchmark’s largest sector at 37.8%, slightly trailed the benchmark with a return of 1.8%, as did commercial mortgage-backed securities (CMBS), which also returned 1.8%. Mortgage-backed securities (MBS), another substantial sector at 26.5%, underperformed with a return of 0.4%, as did asset-backed securities, which advanced 0.5%. Municipals led performance with a gain of 7.8% but represented a very small weighting, so the sector’s impact was minimal.
Fund slightly trailed its benchmark
The Fund underperformed its benchmark for the six-month period. The Fund’s return includes a deduction for expenses, while the benchmark’s does not. The Fund seeks to maintain the overall characteristics of its benchmark. The Fund’s managers invest in the same sectors that are included in the benchmark and closely match the benchmark’s weightings and maturities. During the period, this portfolio had sector returns that were similar to its benchmark, enabling it to resemble the index’s performance.
Throughout the period, the Fund’s managers kept the Fund’s duration—a measure of its sensitivity to interest-rate changes—close to that of its benchmark. This strategy helped the Fund’s risk and reward characteristics to more closely resemble those of its benchmark.
| 10 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of September 30, 2021
| Bond Index Fund | Average annual | Annual operating | ||||||||||||||||||||||||
| Total return | total return | expenses* | ||||||||||||||||||||||||
| Inception | ||||||||||||||||||||||||||
| date | 6 months | 1 year | 5 years | 10 years | gross | net | ||||||||||||||||||||
| Institutional Class | 9/14/09 | 1.84 | % | –0.99 | % | 2.77 | % | 2.87 | % | 0.08 | % | 0.08 | % | |||||||||||||
| Advisor Class | 12/4/15 | 1.79 | –1.09 | 2.67 | 2.81 | † | 0.18 | 0.18 | ||||||||||||||||||
| Premier Class | 9/30/09 | 1.76 | –1.14 | 2.64 | 2.71 | 0.23 | 0.23 | |||||||||||||||||||
| Retirement Class | 9/14/09 | 1.71 | –1.15 | 2.53 | 2.61 | 0.33 | 0.33 | |||||||||||||||||||
| Retail Class | 9/14/09 | 1.66 | –1.32 | 2.46 | 2.52 | 0.39 | 0.39 | |||||||||||||||||||
| Class W | 9/28/18 | 1.80 | –0.89 | 2.83 | † | 2.90 | † | 0.08 | 0.00 | |||||||||||||||||
| Bloomberg U.S. Aggregate Bond Index | — | 1.88 | –0.90 | 2.94 | 3.01 | — | — | |||||||||||||||||||
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
| * | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2022, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
| † | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
Holdings by maturity
| % of fixed-income investments | ||
| (excluding short-term investments) | ||
| as of 9/30/2021 | ||
| Less than 1 year | 0.4 | |
| 1–3 years | 17.9 | |
| 3–5 years | 30.5 | |
| 5–10 years | 31.7 | |
| Over 10 years | 19.5 | |
| Total | 100.0 | |
Holdings by credit quality
| % of fixed-income investments | ||
| (excluding short-term investments) | ||
| as of 9/30/2021 | ||
| U.S. Treasury & U.S. agency securities* | 66.1 | |
| Aaa/AAA | 4.7 | |
| Aa/AA | 3.4 | |
| A/A | 11.6 | |
| Baa/BBB | 14.2 | |
| Total | 100.0 | |
| * | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
| as of 9/30/2021 | ||
| Net assets | $21.25 billion | |
| Portfolio turnover rate* | 11% | |
| Number of issues | 7,900 | |
| Option-adjusted duration‡ | 6.73 years | |
| Average maturity§ | 8.49 years |
| * | The portfolio turnover rate covers the six-month period from April 1, 2021–September 30, 2021, and is not annualized. |
| ‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
| § | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 11 |
Expense example
Six months ended September 30, 2021
| Expenses | |||||||||||
| paid | |||||||||||
| Beginning | Ending | during | |||||||||
| account | account | period* | |||||||||
| value | value | (4/1/21– | |||||||||
| Core Bond Fund | (4/1/21) | (9/30/21) | 9/30/21) | ||||||||
| Actual return | |||||||||||
| Institutional Class | $1,000.00 | $1,021.07 | $1.47 | ||||||||
| Advisor Class | 1,000.00 | 1,019.42 | 2.13 | ||||||||
| Premier Class | 1,000.00 | 1,020.29 | 2.23 | ||||||||
| Retirement Class | 1,000.00 | 1,019.58 | 2.73 | ||||||||
| Retail Class | 1,000.00 | 1,019.30 | 2.99 | ||||||||
| Class W | 1,000.00 | 1,022.52 | 0.00 | ||||||||
| 5% annual hypothetical return | |||||||||||
| Institutional Class | 1,000.00 | 1,023.61 | 1.47 | ||||||||
| Advisor Class | 1,000.00 | 1,022.96 | 2.13 | ||||||||
| Premier Class | 1,000.00 | 1,022.86 | 2.23 | ||||||||
| Retirement Class | 1,000.00 | 1,022.36 | 2.74 | ||||||||
| Retail Class | 1,000.00 | 1,022.11 | 2.99 | ||||||||
| Class W | 1,000.00 | 1,025.07 | 0.00 | ||||||||
| * | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/365. There were 183 days in the six months ended September 30, 2021. The Fund’s annualized six-month expense ratios for that period were 0.29% for the Institutional Class, 0.42% for the Advisor Class, 0.44% for the Premier Class, 0.54% for the Retirement Class, 0.59% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
| % of net assets | |||
| Sector | as of 9/30/2021 | ||
| Corporate bonds | 32.6 | ||
| Mortgage-backed securities | 23.8 | ||
| Foreign government & corporate bonds denominated in U.S. dollars | 15.4 | ||
| U.S. Treasury securities | 8.0 | ||
| Commercial mortgage-backed securities | 7.1 | ||
| Asset-backed securities | 6.2 | ||
| Bank loan obligations | 1.9 | ||
| Municipal bonds | 1.6 | ||
| U.S. agency securities | 0.7 | ||
| Preferred stock | 0.2 | ||
| Short-term investments, other assets & liabilities, net | 2.5 | ||
| Total | 100.0 | ||
Performance for the six months ended September 30, 2021
The Core Bond Fund returned 2.11% for the Institutional Class, compared with the 1.88% return of its benchmark, the Bloomberg U.S. Aggregate Bond Index. For the one-year period ended September 30, 2021, the Fund returned 0.99%, versus –0.90% for the index. The performance table shows returns for all share classes of the Fund.
Economic growth continued amid lower unemployment and elevated inflation
The U.S. economy expanded during the period, overcoming concerns about the continued impact of COVID-19 and the delta variant. Real gross domestic product, which measures the value of all goods and services produced in the United States, increased at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. The unemployment rate declined to 4.8% in September—its lowest level in 18 months. Core inflation, which measures all items except food and energy, rose 4.0% over the twelve months ended September 2021. Crude oil prices climbed from $61 to $75 per barrel during the six-month period.
The Federal Reserve maintained historically low interest rates during the period, keeping the federal funds target rate unchanged at 0.00%–0.25%. The Fed also continued to provide monetary stimulus by purchasing U.S. Treasury securities and other bonds. In September, policymakers indicated that a more moderate pace of bond-buying might be warranted if the economy continued to improve.
All major segments of the fixed-income market posted gains for the period. The Bloomberg U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, advanced. U.S. Treasury inflation-protected securities (TIPS) performed best, followed by high-yield bonds. Municipal and shorter-term bonds posted the smallest gains.
Corporate bonds drove the benchmark’s performance
All of the sectors in the Bloomberg U.S. Aggregate Bond Index advanced for the six months. Corporate bonds—the third-largest sector with a weighting of 26.5%—was the index’s second-best-performing component with a return of 3.5%. Government credit securities also outperformed the benchmark’s return, advancing 2.0%. U.S. Treasuries, the benchmark’s largest sector at 37.8%, slightly trailed the benchmark with a return of 1.8%, as did commercial mortgage-backed securities (CMBS), which also returned 1.8%. Mortgage-backed securities (MBS), another substantial sector at 26.5%, underperformed with a return of 0.4%, as did asset-backed securities, which advanced 0.5%. Municipals led performance with a gain of 7.8% but represented a very small weighting, so the sector’s impact was minimal.
Fund outperformed its benchmark
The Fund outperformed its benchmark for the six-month period, primarily as a result of favorable allocation decisions. Chief among these was a substantial overweight in the corporate bond sector, which benefited from a yield advantage over other sectors, as well as continued strength in corporate fundamentals. Security selection within this sector also helped. The Fund’s positions in the MBS, asset-backed securities, CMBS and government agency sectors also helped, as did positions in the government credit and municipals sectors.
By contrast, the Fund’s holdings of U.S. Treasuries detracted most, primarily due to unfavorable yield curve positioning—how the Fund was invested across different maturities—within this sector. A small position in cash also detracted.
| 12 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of September 30, 2021
| Core Bond Fund | Average annual | Annual operating | ||||||||||||||||||||||||
| Total return | total return | expenses* | ||||||||||||||||||||||||
| Inception | ||||||||||||||||||||||||||
| date | 6 months | 1 year | 5 years | 10 years | gross | net | ||||||||||||||||||||
| Institutional Class | 7/1/99 | 2.11 | % | 0.99 | % | 3.48 | % | 3.88 | % | 0.29 | % | 0.29 | % | |||||||||||||
| Advisor Class | 12/4/15 | 1.94 | 0.77 | 3.37 | 3.82 | † | 0.42 | 0.42 | ||||||||||||||||||
| Premier Class | 9/30/09 | 2.03 | 0.75 | 3.32 | 3.71 | 0.44 | 0.44 | |||||||||||||||||||
| Retirement Class | 3/31/06 | 1.96 | 0.67 | 3.23 | 3.61 | 0.54 | 0.54 | |||||||||||||||||||
| Retail Class | 3/31/06 | 1.93 | 0.71 | 3.18 | 3.56 | 0.58 | 0.58 | |||||||||||||||||||
| Class W | 9/28/18 | 2.25 | 1.29 | 3.66 | † | 3.97 | † | 0.29 | 0.00 | |||||||||||||||||
| Bloomberg U.S. Aggregate Bond Index | — | 1.88 | –0.90 | 2.94 | 3.01 | — | — | |||||||||||||||||||
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
| * | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2022, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
| † | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
Holdings by maturity
| % of fixed-income investments | |||
| (excluding short-term investments) | |||
| as of 9/30/2021 | |||
| Less than 1 year | 2.2 | ||
| 1–3 years | 11.3 | ||
| 3–5 years | 23.9 | ||
| 5–10 years | 48.0 | ||
| Over 10 years | 14.6 | ||
| Total | 100.0 | ||
Holdings by credit quality
| % of fixed-income investments | |||
| (excluding short-term investments) | |||
| as of 9/30/2021 | |||
| U.S. Treasury & U.S. agency securities* | 32.1 | ||
| Aaa/AAA | 5.7 | ||
| Aa/AA | 6.1 | ||
| A/A | 14.9 | ||
| Baa/BBB | 29.2 | ||
| Ba/BB | 5.9 | ||
| B/B | 3.6 | ||
| Below B/B | 0.3 | ||
| Non-rated | 2.2 | ||
| Total | 100.0 | ||
| * | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
| as of 9/30/2021 | ||
| Net assets | $10.60 billion | |
| Portfolio turnover rate* | 147% | |
| Portfolio turnover rate, excluding mortgage dollar-roll transactions* | 52% | |
| Number of issues | 2,261 | |
| Option-adjusted duration‡ | 6.04 years | |
| Average maturity§ | 7.90 years | |
| * | The portfolio turnover rate covers the six-month period from April 1, 2021–September 30, 2021, and is not annualized. |
| ‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
| § | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 13 |
Expense example
Six months ended September 30, 2021
| Expenses | |||||||||||
| paid | |||||||||||
| Beginning | Ending | during | |||||||||
| account | account | period* | |||||||||
| Core Impact | value | value | (4/1/21– | ||||||||
| Bond Fund | (4/1/21) | (9/30/21) | 9/30/21) | ||||||||
| Actual return | |||||||||||
| Institutional Class | $1,000.00 | $1,020.83 | $1.87 | ||||||||
| Advisor Class | 1,000.00 | 1,021.48 | 2.18 | ||||||||
| Premier Class | 1,000.00 | 1,020.86 | 2.79 | ||||||||
| Retirement Class | 1,000.00 | 1,020.52 | 3.14 | ||||||||
| Retail Class | 1,000.00 | 1,020.47 | 3.19 | ||||||||
| 5% annual hypothetical return | |||||||||||
| Institutional Class | 1,000.00 | 1,023.21 | 1.88 | ||||||||
| Advisor Class | 1,000.00 | 1,022.91 | 2.18 | ||||||||
| Premier Class | 1,000.00 | 1,022.31 | 2.79 | ||||||||
| Retirement Class | 1,000.00 | 1,021.96 | 3.14 | ||||||||
| Retail Class | 1,000.00 | 1,021.91 | 3.19 | ||||||||
| * | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/365. There were 183 days in the six months ended September 30, 2021. The Fund’s annualized six-month expense ratios for that period were 0.37% for the Institutional Class, 0.43% for the Advisor Class, 0.55% for the Premier Class, 0.62% for the Retirement Class and 0.63% for the Retail Class. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
| % of net assets | |||
| Sector | as of 9/30/2021 | ||
| Corporate bonds | 27.7 | ||
| Foreign government & corporate bonds denominated in U.S. dollars | 22.3 | ||
| Mortgage-backed securities | 17.1 | ||
| U.S. Treasury securities | 9.3 | ||
| Municipal bonds | 6.6 | ||
| Commercial mortgage-backed securities | 5.6 | ||
| Asset-backed securities | 4.0 | ||
| U.S. agency securities | 3.9 | ||
| Bank loan obligations | 0.3 | ||
| Preferred stock | 0.9 | ||
| Short-term investments, other assets & liabilities, net | 2.3 | ||
| Total | 100.0 | ||
Performance for the six months ended September 30, 2021
The Core Impact Bond Fund returned 2.08% for the Institutional Class, compared with the 1.88% return of its benchmark, the Bloomberg U.S. Aggregate Bond Index. For the one-year period ended September 30, 2021, the Fund returned 0.49%, versus –0.90% for the index. The performance table shows returns for all share classes of the Fund.
Economic growth continued amid lower unemployment and elevated inflation
The U.S. economy expanded during the period, overcoming concerns about the continued impact of COVID-19 and the delta variant. Real gross domestic product, which measures the value of all goods and services produced in the United States, increased at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. The unemployment rate declined to 4.8% in September—its lowest level in 18 months. Core inflation, which measures all items except food and energy, rose 4.0% over the twelve months ended September 2021. Crude oil prices climbed from $61 to $75 per barrel during the six-month period.
The Federal Reserve maintained historically low interest rates during the period, keeping the federal funds target rate unchanged at 0.00%–0.25%. The Fed also continued to provide monetary stimulus by purchasing U.S. Treasury securities and other bonds. In September, policymakers indicated that a more moderate pace of bond-buying might be warranted if the economy continued to improve.
All major segments of the fixed-income market posted gains for the period. The Bloomberg U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, advanced. U.S. Treasury inflation-protected securities (TIPS) performed best, followed by high-yield bonds. Municipal and shorter-term bonds posted the smallest gains.
Corporate bonds drove the benchmark’s performance
All of the sectors in the Bloomberg U.S. Aggregate Bond Index advanced for the six months. Corporate bonds—the third-largest sector with a weighting of 26.5%—was the index’s second-best-performing component with a return of 3.5%. Government credit securities also outperformed the benchmark’s return, advancing 2.0%. U.S. Treasuries, the benchmark’s largest sector at 37.8%, slightly trailed the benchmark with a return of 1.8%, as did commercial mortgage-backed securities (CMBS), which also returned 1.8%. Mortgage-backed securities (MBS), another substantial sector at 26.5%, underperformed with a return of 0.4%, as did asset-backed securities, which advanced 0.5%. Municipals led performance with a gain of 7.8% but represented a very small weighting, so the sector’s impact was minimal.
Fund outperformed its benchmark
The Fund outperformed its benchmark for the six-month period, primarily as a result of favorable allocation decisions. Chief among these was a substantial overweight in the corporate bond sector, which benefited from a yield advantage over other sectors, as well as continued strength in corporate fundamentals. Overweight positions in the municipals, government credit and CMBS sectors also helped, as did allocations to the MBS, asset-backed securities and government agency sectors.
By contrast, the Fund’s holdings of U.S. Treasuries detracted most, primarily due to unfavorable yield curve positioning—how the Fund was invested across different maturities—within this sector.
| 14 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of September 30, 2021
| Core Impact Bond Fund | Average annual | Annual operating | ||||||||||||||||||||||||
| Total return | total return | expenses* | ||||||||||||||||||||||||
| Inception | since | |||||||||||||||||||||||||
| date | 6 months | 1 year | 5 years | inception | gross | net | ||||||||||||||||||||
| Institutional Class | 9/21/12 | 2.08 | % | 0.49 | % | 3.41 | % | 3.62 | % | 0.35 | % | 0.35 | % | |||||||||||||
| Advisor Class | 12/4/15 | 2.15 | 0.52 | 3.35 | 3.57 | † | 0.43 | 0.43 | ||||||||||||||||||
| Premier Class | 9/21/12 | 2.09 | 0.40 | 3.26 | 3.47 | 0.53 | 0.53 | |||||||||||||||||||
| Retirement Class | 9/21/12 | 2.05 | 0.34 | 3.17 | 3.38 | 0.60 | 0.60 | |||||||||||||||||||
| Retail Class | 9/21/12 | 2.05 | 0.33 | 3.15 | 3.33 | 0.61 | 0.61 | |||||||||||||||||||
| Bloomberg U.S. Aggregate Bond Index | — | 1.88 | –0.90 | 2.94 | 2.81 | ‡ | — | — | ||||||||||||||||||
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
| * | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2022, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
| † | The performance shown for the Advisor Class that is prior to its inception date is based on the performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class. If these actual expenses had been reflected, the performance of the Advisor Class shown for these periods would have been different because the Advisor Class has different expenses than the Institutional Class. |
| ‡ | Performance is calculated from the inception date of the Institutional Class. |
Holdings by maturity
| % of fixed-income investments | ||
| (excluding short-term investments) | ||
| as of 9/30/2021 | ||
| Less than 1 year | 2.7 | |
| 1–3 years | 14.1 | |
| 3–5 years | 22.5 | |
| 5–10 years | 39.4 | |
| Over 10 years | 21.3 | |
| Total | 100.0 | |
Holdings by credit quality
| % of fixed-income investments | ||
| (excluding short-term investments) | ||
| as of 9/30/2021 | ||
| U.S. Treasury & U.S. agency securities* | 29.8 | |
| Aaa/AAA | 8.5 | |
| Aa/AA | 10.3 | |
| A/A | 20.4 | |
| Baa/BBB | 22.6 | |
| Ba/BB | 3.2 | |
| B/B | 0.7 | |
| Non-rated | 4.5 | |
| Total | 100.0 | |
| * | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
| as of 9/30/2021 | ||
| Net assets | $7.08 billion | |
| Portfolio turnover rate* | 127% | |
| Portfolio turnover rate, excluding mortgage dollar-roll transactions* | 51% | |
| Number of issues | 1,050 | |
| Option-adjusted duration‡ | 6.56 years | |
| Average maturity§ | 9.04 years | |
| * | The portfolio turnover rate covers the six-month period from April 1, 2021–September 30, 2021, and is not annualized. |
| ‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
| § | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 15 |
Expense example
Six months ended September 30, 2021
| Expenses | |||||||||||
| paid | |||||||||||
| Beginning | Ending | during | |||||||||
| account | account | period* | |||||||||
| Core Plus | value | value | (4/1/21– | ||||||||
| Bond Fund | (4/1/21) | (9/30/21) | 9/30/21) | ||||||||
| Actual return | |||||||||||
| Institutional Class | $1,000.00 | $1,022.76 | $1.47 | ||||||||
| Advisor Class | 1,000.00 | 1,022.33 | 1.93 | ||||||||
| Premier Class | 1,000.00 | 1,021.99 | 2.23 | ||||||||
| Retirement Class | 1,000.00 | 1,020.53 | 2.74 | ||||||||
| Retail Class | 1,000.00 | 1,021.12 | 3.09 | ||||||||
| Class W | 1,000.00 | 1,024.26 | 0.00 | ||||||||
| 5% annual hypothetical return | |||||||||||
| Institutional Class | 1,000.00 | 1,023.61 | 1.47 | ||||||||
| Advisor Class | 1,000.00 | 1,023.16 | 1.93 | ||||||||
| Premier Class | 1,000.00 | 1,022.86 | 2.23 | ||||||||
| Retirement Class | 1,000.00 | 1,022.36 | 2.74 | ||||||||
| Retail Class | 1,000.00 | 1,022.01 | 3.09 | ||||||||
| Class W | 1,000.00 | 1,025.07 | 0.00 | ||||||||
| * | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/365. There were 183 days in the six months ended September 30, 2021. The Fund’s annualized six-month expense ratios for that period were 0.29% for the Institutional Class, 0.38% for the Advisor Class, 0.44% for the Premier Class, 0.54% for the Retirement Class, 0.61% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
| % of net assets | |||
| Sector | as of 9/30/2021 | ||
| Corporate bonds | 29.7 | ||
| Mortgage-backed securities | 20.7 | ||
| Foreign government & corporate bonds denominated in U.S. dollars | 18.1 | ||
| Commercial mortgage-backed securities | 8.4 | ||
| Asset-backed securities | 8.0 | ||
| U.S. Treasury securities | 6.3 | ||
| Bank loan obligations | 2.9 | ||
| Municipal bonds | 2.3 | ||
| Preferred stock | 0.3 | ||
| Short-term investments, other assets & liabilities, net | 3.3 | ||
| Total | 100.0 | ||
Performance for the six months ended September 30, 2021
The Core Plus Bond Fund returned 2.28% for the Institutional Class, compared with the 1.88% return of its benchmark, the Bloomberg U.S. Aggregate Bond Index. For the one-year period ended September 30, 2021, the Fund returned 2.15%, versus –0.90% for the index. The performance table shows returns for all share classes of the Fund.
Economic growth continued amid lower unemployment and elevated inflation
The U.S. economy expanded during the period, overcoming concerns about the continued impact of COVID-19 and the delta variant. Real gross domestic product, which measures the value of all goods and services produced in the United States, increased at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. The unemployment rate declined to 4.8% in September—its lowest level in 18 months. Core inflation, which measures all items except food and energy, rose 4.0% over the twelve months ended September 2021. Crude oil prices climbed from $61 to $75 per barrel during the six-month period.
The Federal Reserve maintained historically low interest rates during the period, keeping the federal funds target rate unchanged at 0.00%–0.25%. The Fed also continued to provide monetary stimulus by purchasing U.S. Treasury securities and other bonds. In September, policymakers indicated that a more moderate pace of bond-buying might be warranted if the economy continued to improve.
All major segments of the fixed-income market posted gains for the period. The Bloomberg U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, advanced. U.S. Treasury inflation-protected securities (TIPS) performed best, followed by high-yield bonds. Municipal and shorter-term bonds posted the smallest gains.
Corporate bonds drove the benchmark’s performance
All of the sectors in the Bloomberg U.S. Aggregate Bond Index advanced for the six months. Corporate bonds—the third-largest sector with a weighting of 26.5%—was the index’s second-best-performing component with a return of 3.5%. Government credit securities also outperformed the benchmark’s return, advancing 2.0%. U.S. Treasuries, the benchmark’s largest sector at 37.8%, slightly trailed the benchmark with a return of 1.8%, as did commercial mortgage-backed securities (CMBS), which also returned 1.8%. Mortgage-backed securities (MBS), another substantial sector at 26.5%, underperformed with a return of 0.4%, as did asset-backed securities, which advanced 0.5%. Municipals led performance with a gain of 7.8% but represented a very small weighting, so the sector’s impact was minimal.
Fund outperformed its benchmark
The Fund outperformed its benchmark for the six-month period, primarily as a result of favorable allocation decisions. Chief among these was a substantial overweight in the corporate bond sector, which benefited from a yield advantage over other sectors, as well as continued strength in corporate fundamentals. Security selection within this sector also helped. The Fund’s positions in the asset-backed securities, MBS, CMBS and government credit sectors also helped, as did positions in the government agency and municipals sectors.
By contrast, the Fund’s holdings of U.S. Treasuries detracted most, primarily due to unfavorable yield curve positioning—how the Fund was invested across different maturities—within this sector. A small position in cash also detracted slightly.
| 16 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of September 30, 2021
| Core Plus Bond Fund | Average annual | Annual operating | ||||||||||||||||||||||||
| Total return | total return | expenses* | ||||||||||||||||||||||||
| Inception | ||||||||||||||||||||||||||
| date | 6 months | 1 year | 5 years | 10 years | gross | net | ||||||||||||||||||||
| Institutional Class | 3/31/06 | 2.28 | % | 2.15 | % | 3.77 | % | 4.24 | % | 0.30 | % | 0.30 | % | |||||||||||||
| Advisor Class | 12/4/15 | 2.23 | 2.07 | 3.72 | 4.21 | † | 0.37 | 0.37 | ||||||||||||||||||
| Premier Class | 9/30/09 | 2.20 | 1.99 | 3.62 | 4.10 | 0.45 | 0.45 | |||||||||||||||||||
| Retirement Class | 3/31/06 | 2.05 | 1.89 | 3.52 | 3.98 | 0.55 | 0.55 | |||||||||||||||||||
| Retail Class | 3/31/06 | 2.11 | 1.83 | 3.45 | 3.90 | 0.61 | 0.61 | |||||||||||||||||||
| Class W | 9/28/18 | 2.43 | 2.45 | 3.95 | † | 4.33 | † | 0.30 | 0.00 | |||||||||||||||||
| Bloomberg U.S. Aggregate Bond Index | — | 1.88 | –0.90 | 2.94 | 3.01 | — | — | |||||||||||||||||||
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
| * | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2022, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
| † | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
Holdings by maturity
| % of fixed-income investments | ||
| (excluding short-term investments) | ||
| as of 9/30/2021 | ||
| Less than 1 year | 3.2 | |
| 1–3 years | 9.7 | |
| 3–5 years | 24.5 | |
| 5–10 years | 46.9 | |
| Over 10 years | 15.7 | |
| Total | 100.0 | |
Holdings by credit quality
| % of fixed-income investments | ||
| (excluding short-term investments) | ||
| as of 9/30/2021 | ||
| U.S. Treasury & U.S. agency securities* | 27.6 | |
| Aaa/AAA | 3.5 | |
| Aa/AA | 5.3 | |
| A/A | 13.0 | |
| Baa/BBB | 27.7 | |
| Ba/BB | 12.3 | |
| B/B | 6.2 | |
| Below B/B | 0.6 | |
| Non-rated | 3.8 | |
| Total | 100.0 | |
| * | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
| as of 9/30/2021 | ||
| Net assets | $5.78 billion | |
| Portfolio turnover rate* | 142% | |
| Portfolio turnover rate, excluding mortgage dollar-roll transactions* | 72% | |
| Number of issues | 1,974 | |
| Option-adjusted duration‡ | 5.99 years | |
| Average maturity§ | 7.98 years | |
| * | The portfolio turnover rate covers the six-month period from April 1, 2021–September 30, 2021, and is not annualized. |
| ‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
| § | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 17 |
5–15 Year Laddered Tax-Exempt Bond Fund
Expense example
Six months ended September 30, 2021
| Expenses | |||||||||||
| paid | |||||||||||
| 5–15 Year | Beginning | Ending | during | ||||||||
| Laddered | account | account | period* | ||||||||
| Tax-Exempt | value | value | (4/1/21– | ||||||||
| Bond Fund | (4/1/21) | (9/30/21) | 9/30/21) | ||||||||
| Actual return | |||||||||||
| Institutional Class | $1,000.00 | $1,013.14 | $1.51 | ||||||||
| Advisor Class | 1,000.00 | 1,013.48 | 2.12 | ||||||||
| Retail Class | 1,000.00 | 1,012.64 | 2.93 | ||||||||
| 5% annual hypothetical return | |||||||||||
| Institutional Class | 1,000.00 | 1,023.56 | 1.52 | ||||||||
| Advisor Class | 1,000.00 | 1,022.96 | 2.13 | ||||||||
| Retail Class | 1,000.00 | 1,022.16 | 2.94 | ||||||||
| * | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/365. There were 183 days in the six months ended September 30, 2021. The Fund’s annualized six-month expense ratios for that period were 0.30% for the Institutional Class, 0.42% for the Advisor Class and 0.58% for the Retail Class. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
| % of net assets | |||
| Sector | as of 9/30/2021 | ||
| Municipal bonds | 97.2 | ||
| Short-term investments, other assets & liabilities, net | 2.8 | ||
| Total | 100.0 | ||
Performance for the six months ended September 30, 2021
The 5–15 Year Laddered Tax-Exempt Bond Fund returned 1.31% for the Institutional Class, compared with the 0.99% return of its benchmark, the Bloomberg 10-Year Municipal Bond Index. For the one-year period ended September 30, 2021, the Fund returned 3.33%, versus 2.21% for the index. The performance table shows returns for all the share classes of the Fund.
Economic growth continued amid lower unemployment and elevated inflation
The U.S. economy expanded during the period, overcoming concerns about the continued impact of COVID-19 and the delta variant. Real gross domestic product, which measures the value of all goods and services produced in the United States, increased at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. The unemployment rate declined to 4.8% in September—its lowest level in 18 months. Core inflation, which measures all items except food and energy, rose 4.0% over the twelve months ended September 2021. Crude oil prices climbed from $61 to $75 per barrel during the six-month period.
The Federal Reserve maintained historically low interest rates during the period, keeping the federal funds target rate unchanged at 0.00%–0.25%. The Fed also continued to provide monetary stimulus by purchasing U.S. Treasury securities and other bonds. In September, policymakers indicated that a more moderate pace of bond-buying might be warranted if the economy continued to improve.
All major segments of the fixed-income market posted gains for the period. The Bloomberg U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, advanced. U.S. Treasury inflation-protected securities (TIPS) performed best, followed by high-yield bonds. Municipal and shorter-term bonds posted the smallest gains.
Nearly all benchmark sectors produced gains
All but one of the sectors in the Bloomberg 10-Year Municipal Bond Index advanced for the six months. The industrial revenue sector was the top gainer with a return of 1.4%. The leasing sector was the second-best performer with a return of 1.3%, followed by the health care sector. State general obligations (GOs), the benchmark’s largest sector by market capitalization at period-end, returned 0.8%. Transportation, the index’s second-largest sector, gained 1.2%. The solid waste/resource recovery sector, the only component of the benchmark to lose ground, declined by 0.1%.
As of September 30, 2021, higher-rated 10-year AAA municipal bonds yielded 1.17%, compared with a 1.52% yield on the 10-year U.S. Treasury bond. New municipal issuance during the six-month period was $235.1 billion, down from $240.9 billion for the prior six months, from October 1, 2020, through March 31, 2021.
Fund outperformed its benchmark
The Fund outpaced its benchmark during the period, primarily due to an overweight position in the transportation sector. The Fund’s relative performance also benefited from overweight positions in the health care and leasing sectors, as well as security selection in the local GO sector.
Conversely, the Fund’s holdings of industrial revenue bonds detracted most from relative performance, due to unfavorable security selection. The Fund’s underweight position in state GOs also hampered its relative performance.
| 18 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of September 30, 2021
| 5–15 Year Laddered | Average annual | Annual operating | ||||||||||||||||||||||||
| Tax-Exempt Bond Fund | Total return | total return | expenses* | |||||||||||||||||||||||
| Inception | ||||||||||||||||||||||||||
| date | 6 months | 1 year | 5 years | 10 years | gross | net | ||||||||||||||||||||
| Institutional Class | 3/31/06 | 1.31 | % | 3.33 | % | 2.99 | % | 3.27 | % | 0.32 | % | 0.30 | % | |||||||||||||
| Advisor Class | 12/4/15 | 1.35 | 3.32 | 2.94 | 3.24 | † | 0.42 | 0.40 | ||||||||||||||||||
| Retail Class | 3/31/06 | 1.26 | 3.13 | 2.73 | 2.98 | 0.59 | 0.57 | |||||||||||||||||||
| Bloomberg 10-Year Municipal Bond Index | — | 0.99 | 2.21 | 3.25 | 3.96 | — | — | |||||||||||||||||||
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
| * | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2022, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
| † | The performance shown for the Advisor Class that is prior to its inception date is based on the performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class. If these actual expenses had been reflected, the performance of the Advisor Class shown for these periods would have been different because the Advisor Class has different expenses than the Institutional Class. |
Holdings by maturity
| % of fixed-income investments | ||
| (excluding short-term investments) | ||
| as of 9/30/2021 | ||
| Less than 1 year | 1.9 | |
| 1–3 years | 1.3 | |
| 3–5 years | 13.7 | |
| 5–10 years | 41.7 | |
| Over 10 years | 41.4 | |
| Total | 100.0 | |
Holdings by credit quality
| % of fixed-income investments | ||
| (excluding short-term investments) | ||
| as of 9/30/2021 | ||
| Aaa/AAA | 0.6 | |
| Aa/AA | 23.1 | |
| A/A | 53.3 | |
| Baa/BBB | 18.5 | |
| Ba/BB | 3.6 | |
| B/B | 0.4 | |
| Non-rated | 0.5 | |
| Total | 100.0 | |
Credit quality ratings are based on the Bloomberg methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
| as of 9/30/2021 | ||
| Net assets | $286.80 million | |
| Portfolio turnover rate* | 5% | |
| Number of issues | 244 | |
| Option-adjusted duration‡ | 5.70 years | |
| Average maturity§ | 9.46 years |
| * | The portfolio turnover rate covers the six-month period from April 1, 2021–September 30, 2021, and is not annualized. |
| ‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
| § | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 19 |
Expense example
Six months ended September 30, 2021
| Green Bond Fund | Beginning account value (4/1/21) |
Ending account value (9/30/21) |
Expenses paid during period* (4/1/21– 9/30/21) | |||
| Actual return | ||||||
| Institutional Class | $1,000.00 | $1,024.02 | $2.28 | |||
| Advisor Class | 1,000.00 | 1,023.91 | 2.38 | |||
| Premier Class | 1,000.00 | 1,023.35 | 2.94 | |||
| Retirement Class | 1,000.00 | 1,022.40 | 2.94 | |||
| Retail Class | 1,000.00 | 1,021.65 | 3.70 | |||
| 5% annual hypothetical return | ||||||
| Institutional Class | 1,000.00 | 1,022.81 | 2.28 | |||
| Advisor Class | 1,000.00 | 1,022.71 | 2.38 | |||
| Premier Class | 1,000.00 | 1,022.16 | 2.94 | |||
| Retirement Class | 1,000.00 | 1,022.16 | 2.94 | |||
| Retail Class | 1,000.00 | 1,021.41 | 3.70 | |||
| * | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/365. There were 183 days in the six months ended September 30, 2021. The Fund’s annualized six-month expense ratios for that period were 0.45% for the Institutional Class, 0.47% for the Advisor Class, 0.58% for the Premier Class, 0.58% for the Retirement Class and 0.73% for the Retail Class. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
| Portfolio composition | ||
| Sector | % of net assets as of 9/30/2021 | |
| Corporate bonds | 33.2 | |
| Foreign government & corporate bonds denominated in U.S. dollars | 28.5 | |
| Asset-backed securities | 13.3 | |
| Municipal bonds | 10.2 | |
| Commercial mortgage-backed securities | 7.0 | |
| U.S. agency securities | 2.2 | |
| Bank loan obligations | 1.8 | |
| Mortgage-backed securities | 0.9 | |
| Preferred stock | 2.6 | |
| Short-term investments, other assets & liabilities, net | 0.3 | |
| Total | 100.0 |
Performance for the six months ended September 30, 2021
The Green Bond Fund returned 2.40% for the Institutional Class, compared with the 2.08% return of its benchmark, the Bloomberg MSCI U.S. Green Bond Index. For the one-year period ended September 30, 2021, the Fund returned 1.55%, versus –0.20% for the index. The performance table shows returns for all share classes of the Fund.
Economic growth continued amid lower unemployment and elevated inflation
The U.S. economy expanded during the period, overcoming concerns about the continued impact of COVID-19 and the delta variant. Real gross domestic product, which measures the value of all goods and services produced in the United States, increased at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. The unemployment rate declined to 4.8% in September—its lowest level in 18 months. Core inflation, which measures all items except food and energy, rose 4.0% over the twelve months ended September 2021. Crude oil prices climbed from $61 to $75 per barrel during the six-month period.
The Federal Reserve maintained historically low interest rates during the period, keeping the federal funds target rate unchanged at 0.00%–0.25%. The Fed also continued to provide monetary stimulus by purchasing U.S. Treasury securities and other bonds. In September, policymakers indicated that a more moderate pace of bond-buying might be warranted if the economy continued to improve.
All major segments of the fixed-income market posted gains for the period. The Bloomberg U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, advanced. U.S. Treasury inflation-protected securities (TIPS) performed best, followed by high-yield bonds. Municipal and shorter-term bonds posted the smallest gains.
Corporate bond sector drove the benchmark’s performance
All of the sectors in the Bloomberg MSCI U.S. Green Bond Index advanced for the six months. Corporate bonds, the largest sector in the index with a weighting of 56.4% at period-end, had the highest return at 2.9%. Amid the continued impact of the COVID-19 pandemic, corporate bonds were supported by the Fed’s bond-buying programs. Government credit securities, the index’s second-largest sector with a weighting of 24.8%, gained a more modest 1.0%. Government agency bonds, the benchmark’s third-largest sector at 17.6%, advanced 1.3%. Commercial mortgage-backed securities (CMBS), which represented just 0.4% of the index, returned 1.6%.
Fund outperformed its benchmark
The Fund posted a solid gain and surpassed its benchmark for the six-month period. The Fund’s out-of-benchmark allocations to municipal bonds and asset-backed securities, along with an overweight position in CMBS, contributed most to its relative performance versus the index. An underweight position in government credit securities was also beneficial.
By contrast, the Fund’s holdings in government agency and corporate bonds detracted from its relative performance for the period.
| 20 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of September 30, 2021
| Green Bond Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||
| Inception date | 6 months | 1 year | since inception | gross | net | |||||||||||||
| Institutional Class | 11/16/18 | 2.40 | % | 1.55 | % | 6.40 | % | 0.93 | % | 0.45 | % | |||||||
| Advisor Class | 11/16/18 | 2.39 | 1.53 | 6.37 | 1.03 | 0.55 | ||||||||||||
| Premier Class | 11/16/18 | 2.33 | 1.43 | 6.27 | 1.08 | 0.60 | ||||||||||||
| Retirement Class | 11/16/18 | 2.24 | 1.43 | 6.26 | 1.18 | 0.70 | ||||||||||||
| Retail Class | 11/16/18 | 2.16 | 1.27 | 6.12 | 1.26 | 0.78 | ||||||||||||
| Bloomberg MSCI U.S. Green Bond Index | — | 2.08 | –0.20 | 6.36 | ‡ | — | — | |||||||||||
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
| * | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2022, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
| ‡ | Performance is calculated from the inception date of the Institutional Class. |
Holdings by maturity
| % of fixed-income investments (excluding short-term investments) as of 9/30/2021 | ||
| Less than 1 year | 7.5 | |
| 1–3 years | 13.3 | |
| 3–5 years | 17.3 | |
| 5–10 years | 42.4 | |
| Over 10 years | 19.5 | |
| Total | 100.0 | |
| Holdings by credit quality | ||
| % of fixed-income investments (excluding short-term investments) as of 9/30/2021 | ||
| U.S. Treasury & U.S. agency securities* | 2.2 | |
| Aaa/AAA | 18.0 | |
| Aa/AA | 12.4 | |
| A/A | 22.8 | |
| Baa/BBB | 19.4 | |
| Ba/BB | 9.0 | |
| B/B | 2.7 | |
| Non-rated | 13.5 | |
| Total | 100.0 | |
| * | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
| Fund profile | ||
| as of 9/30/2021 | ||
| Net assets | $55.28 million | |
| Portfolio turnover rate* | 14% | |
| Number of issues | 174 | |
| Option-adjusted duration‡ | 6.17 years | |
| Average maturity§ | 8.79 years | |
| * | The portfolio turnover rate covers the six-month period from April 1, 2021–September 30, 2021, and is not annualized. |
| ‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
| § | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 21 |
Expense example
Six months ended September 30, 2021
| High-Yield Fund | Beginning account value (4/1/21) |
Ending account value (9/30/21) |
Expenses paid during period* (4/1/21– 9/30/21) | |||
| Actual return | ||||||
| Institutional Class | $1,000.00 | $1,033.10 | $1.73 | |||
| Advisor Class | 1,000.00 | 1,032.52 | 2.29 | |||
| Premier Class | 1,000.00 | 1,032.32 | 2.50 | |||
| Retirement Class | 1,000.00 | 1,031.82 | 3.01 | |||
| Retail Class | 1,000.00 | 1,031.56 | 3.21 | |||
| Class W | 1,000.00 | 1,034.83 | 0.00 | |||
| 5% annual hypothetical return | ||||||
| Institutional Class | 1,000.00 | 1,023.36 | 1.72 | |||
| Advisor Class | 1,000.00 | 1,022.81 | 2.28 | |||
| Premier Class | 1,000.00 | 1,022.61 | 2.48 | |||
| Retirement Class | 1,000.00 | 1,022.11 | 2.99 | |||
| Retail Class | 1,000.00 | 1,021.91 | 3.19 | |||
| Class W | 1,000.00 | 1,025.07 | 0.00 | |||
| * | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/365. There were 183 days in the six months ended September 30, 2021. The Fund’s annualized six-month expense ratios for that period were 0.34% for the Institutional Class, 0.45% for the Advisor Class, 0.49% for the Premier Class, 0.59% for the Retirement Class, 0.63% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
| Sector | % of net assets as of 9/30/2021 | |
| Corporate bonds | 73.8 | |
| Bank loan obligations | 13.7 | |
| Foreign government & corporate bonds denominated in U.S. dollars | 7.6 | |
| Short-term investments, other assets & liabilities, net | 4.9 | |
| Total | 100.0 |
Performance for the six months ended September 30, 2021
The High-Yield Fund returned 3.31% for the Institutional Class, compared with the 3.53% return of its benchmark, the ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index. For the one-year period ended September 30, 2021, the Fund returned 9.54%, versus 9.70% for the index. The performance table shows returns for all share classes of the Fund.
Economic growth continued amid lower unemployment and elevated inflation
The U.S. economy expanded during the period, overcoming concerns about the continued impact of COVID-19 and the delta variant. Real gross domestic product, which measures the value of all goods and services produced in the United States, increased at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. The unemployment rate declined to 4.8% in September—its lowest level in 18 months. Core inflation, which measures all items except food and energy, rose 4.0% over the twelve months ended September 2021. Crude oil prices climbed from $61 to $75 per barrel during the six-month period. The movement of oil prices can be influential due to the large representation of energy companies in the high-yield sector.
The Federal Reserve maintained historically low interest rates during the period, keeping the federal funds target rate unchanged at 0.00%–0.25%. The Fed also continued to provide monetary stimulus by purchasing U.S. Treasury securities and other bonds. In September, policymakers indicated that a more moderate pace of bond-buying might be warranted if the economy continued to improve.
For the six-month period, high-yield bonds surpassed the 1.88% return of the broad U.S. investment-grade fixed-rate bond market, as measured by the Bloomberg U.S. Aggregate Bond Index, by a solid margin.
All sectors posted gains
For the six months, all high-yield bond sectors advanced. Energy exploration & production, the benchmark’s largest sector on September 30, 2021, was the best performer, advancing 9.1%. The worst performer was tobacco, returning 0.5%.
High-yield bonds posted positive results across all credit quality tiers for the six months as investors gravitated toward riskier asset classes. Lower-quality bonds (those rated “CCC” and below) performed best at 5.0%. Bonds rated “B” and “BB” returned 2.9% and 3.9%, respectively. New high-yield debt issuance totaled just over $239 billion for the six months, down slightly from the nearly $264 billion for the same period in 2020. The U.S. issuer-weighted speculative grade corporate default rate declined to 2.5% on September 30, 2021, from 8.8% (revised from 8.5%) a year earlier, according to Moody’s Investors Service.
Fund posted a solid gain but trailed its benchmark
For the six-month period, the Fund advanced but trailed its benchmark. An overweight position in health care solutions company MPH Acquisition Holdings was the largest detractor from the Fund’s relative performance. Not owning energy providers Ovintiv and Apache also hampered returns as both benefited from higher oil prices.
On the positive side, the Fund was helped by an underweight position in pharmaceutical company Bausch Health Americas, as well as overweight positions in oil & gas producer Moss Creek Resources Holdings and Goodyear Tire & Rubber.
| 22 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of September 30, 2021
| High-Yield Fund | Total return | Average annual total return | Annual operating expenses* | ||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | 10 years | gross | net | |||||||||||||||
| Institutional Class | 3/31/06 | 3.31 | % | 9.54 | % | 5.43 | % | 6.60 | % | 0.36 | % | 0.36 | % | ||||||||
| Advisor Class | 12/4/15 | 3.25 | 9.43 | 5.30 | 6.53 | † | 0.45 | 0.45 | |||||||||||||
| Premier Class | 9/30/09 | 3.23 | 9.37 | 5.29 | 6.46 | 0.51 | 0.51 | ||||||||||||||
| Retirement Class | 3/31/06 | 3.18 | 9.27 | 5.17 | 6.34 | 0.61 | 0.61 | ||||||||||||||
| Retail Class | 3/31/06 | 3.16 | 9.21 | 5.14 | 6.30 | 0.65 | 0.65 | ||||||||||||||
| Class W | 9/28/18 | 3.48 | 9.91 | 5.64 | † | 6.71 | † | 0.36 | 0.00 | ||||||||||||
| ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index | — | 3.53 | 9.70 | 6.16 | 7.08 | — | — | ||||||||||||||
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
| * | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2022, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
| † | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
Holdings by maturity
| % of fixed-income investments (excluding short-term investments) as of 9/30/2021 | ||
| 1–3 years | 4.1 | |
| 3–5 years | 26.8 | |
| 5–10 years | 66.7 | |
| Over 10 years | 2.4 | |
| Total | 100.0 | |
| Holdings by credit quality | ||
| % of fixed-income investments (excluding short-term investments) as of 9/30/2021 | ||
| Baa/BBB | 0.3 | |
| Ba/BB | 47.8 | |
| B/B | 49.6 | |
| Below B/B | 2.3 | |
| Total | 100.0 | |
Credit quality ratings are based on the ICE BofA Index composite ratings methodology, which is a simple average of ratings from Moody’s, Standard & Poor’s and Fitch. If only two of the designated agencies rate a bond, the composite rating is based on an average of the two. Likewise, if only one of the designated agencies rates a bond, the composite rating is based on that one rating.
| Fund profile | ||
| as of 9/30/2021 | ||
| Net assets | $3.67 billion | |
| Portfolio turnover rate* | 38% | |
| Number of issues | 397 | |
| Option-adjusted duration‡ | 3.69 years | |
| Average maturity§ | 6.13 years | |
| * | The portfolio turnover rate covers the six-month period from April 1, 2021–September 30, 2021, and is not annualized. |
| ‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
| § | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 23 |
Expense example
Six months ended September 30, 2021
| Inflation-Linked Bond Fund |
Beginning account value (4/1/21) |
Ending account value (9/30/21) |
Expenses paid during period* (4/1/21– 9/30/21) | |||
| Actual return | ||||||
| Institutional Class | $1,000.00 | $1,038.58 | $1.18 | |||
| Advisor Class | 1,000.00 | 1,038.15 | 1.63 | |||
| Premier Class | 1,000.00 | 1,037.87 | 1.94 | |||
| Retirement Class | 1,000.00 | 1,036.97 | 2.45 | |||
| Retail Class | 1,000.00 | 1,037.13 | 2.81 | |||
| Class W | 1,000.00 | 1,039.77 | 0.00 | |||
| 5% annual hypothetical return | ||||||
| Institutional Class | 1,000.00 | 1,023.92 | 1.17 | |||
| Advisor Class | 1,000.00 | 1,023.46 | 1.62 | |||
| Premier Class | 1,000.00 | 1,023.16 | 1.93 | |||
| Retirement Class | 1,000.00 | 1,022.66 | 2.43 | |||
| Retail Class | 1,000.00 | 1,022.31 | 2.79 | |||
| Class W | 1,000.00 | 1,025.07 | 0.00 | |||
| * | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/365. There were 183 days in the six months ended September 30, 2021. The Fund’s annualized six-month expense ratios for that period were 0.23% for the Institutional Class, 0.32% for the Advisor Class, 0.38% for the Premier Class, 0.48% for the Retirement Class, 0.55% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
| Portfolio composition | ||
| Sector | % of net assets as of 9/30/2021 | |
| U.S. Treasury securities | 96.4 | |
| Mortgage-backed securities | 2.5 | |
| U.S. agency securities | 0.4 | |
| Short-term investments, other assets & liabilities, net | 0.7 | |
| Total | 100.0 | |
Performance for the six months ended September 30, 2021
The Inflation-Linked Bond Fund returned 3.86% for the Institutional Class, compared with the 4.02% return of its benchmark, the Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index. For the one-year period ended September 30, 2021, the Fund returned 5.33%, versus 5.75% for the index. The performance table shows returns for all share classes of the Fund.
Economic growth continued amid lower unemployment and elevated inflation
The U.S. economy expanded during the period, overcoming concerns about the continued impact of COVID-19 and the delta variant. Real gross domestic product, which measures the value of all goods and services produced in the United States, increased at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. The unemployment rate declined to 4.8% in September—its lowest level in 18 months. Core inflation, which measures all items except food and energy, rose 4.0% over the twelve months ended September 2021. Crude oil prices climbed from $61 to $75 per barrel during the six-month period.
The Federal Reserve maintained historically low interest rates during the period, keeping the federal funds target rate unchanged at 0.00%–0.25%. The Fed also continued to provide monetary stimulus by purchasing U.S. Treasury securities and other bonds. In September, policymakers indicated that a more moderate pace of bond-buying might be warranted if the economy continued to improve.
All major segments of the fixed-income market posted gains for the period. The Bloomberg U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, advanced. U.S. Treasury inflation-protected securities (TIPS) performed best, followed by high-yield bonds. Municipal and shorter-term bonds posted the smallest gains.
Inflation-protected bonds, as measured by the TIPS 1–10 Year index, posted strong results for the period and outperformed the Bloomberg U.S. Aggregate Bond Index. While the economy continued to grow during the period, labor markets tightened considerably, energy prices spiked and supply chain disruptions increased. Combined with strong consumer demand, these factors caused a rise in inflation, which was beneficial for inflation-protected Treasuries.
Fund posted a solid advance but trailed its benchmark
The Fund advanced for the six-month period, but its return trailed that of its benchmark. The Fund’s substantial position in the U.S. Treasuries sector, which accounted for 96.2% of its overall holdings as of September 30, 2021, detracted from its relative performance versus the benchmark. Treasuries underperformed in part due to rising yields on shorter- and intermediate-maturity bonds, as well as a yield disadvantage compared with other fixed-income sectors. On the positive side, the Fund’s out-of-benchmark position in the mortgage-backed securities sector helped its performance relative to the benchmark.
During the period, the Fund’s portfolio managers aligned the Fund’s duration—a measure of the Fund’s sensitivity to interest-rate changes—close to that of the TIPS 1–10 Year index. This investment strategy helped the Fund’s risk and reward characteristics to remain in line with those of its benchmark.
| 24 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of September 30, 2021
| Inflation-Linked Bond Fund | Total return | Average annual total return | Annual operating expenses* | ||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | 10 years | gross | net | |||||||||||||||
| Institutional Class | 10/1/02 | 3.86 | % | 5.33 | % | 3.56 | % | 2.45 | % | 0.25 | % | 0.25 | % | ||||||||
| Advisor Class | 12/4/15 | 3.81 | 5.24 | 3.47 | 2.40 | † | 0.34 | 0.34 | |||||||||||||
| Premier Class | 9/30/09 | 3.79 | 5.18 | 3.41 | 2.29 | 0.40 | 0.40 | ||||||||||||||
| Retirement Class | 3/31/06 | 3.70 | 5.02 | 3.30 | 2.19 | 0.50 | 0.50 | ||||||||||||||
| Retail Class | 10/1/02 | 3.71 | 4.98 | 3.21 | 2.12 | 0.56 | 0.56 | ||||||||||||||
| Class W | 9/28/18 | 3.98 | 5.57 | 3.71 | † | 2.52 | † | 0.25 | 0.00 | ||||||||||||
| Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index | — | 4.02 | 5.75 | 3.84 | 2.58 | — | — | ||||||||||||||
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
| * | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2022, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
| † | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
| Holdings by maturity | ||
| % of fixed-income investments (excluding short-term investments) as of 9/30/2021 | ||
| Less than 1 year | 2.4 | |
| 1–3 years | 23.9 | |
| 3–5 years | 30.1 | |
| 5–10 years | 38.8 | |
| Over 10 years | 4.8 | |
| Total | 100.0 | |
| Holdings by credit quality | ||
| % of fixed-income investments (excluding short-term investments) as of 9/30/2021 | ||
| U.S. Treasury & U.S. agency securities* | 97.0 | |
| Aaa/AAA | 2.6 | |
| Non-rated | 0.4 | |
| Total | 100.0 | |
| * | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
| Fund profile | ||
| as of 9/30/2021 | ||
| Net assets | $3.74 billion | |
| Portfolio turnover rate* | 9% | |
| Number of issues | 49 | |
| Option-adjusted duration‡ | 4.76 years | |
| Average maturity§ | 4.90 years |
| * | The portfolio turnover rate covers the six-month period from April 1, 2021–September 30, 2021, and is not annualized. |
| ‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
| § | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 25 |
Short Duration Impact Bond Fund
Expense example
Six months ended September 30, 2021
| Short
Duration Impact Bond Fund |
Beginning account value (4/1/21) |
Ending account value (9/30/21) |
Expenses paid during period* (4/1/21– 9/30/21) | |||
| Actual return | ||||||
| Institutional Class | $1,000.00 | $1,006.51 | $1.76 | |||
| Advisor Class | 1,000.00 | 1,006.41 | 1.86 | |||
| Premier Class | 1,000.00 | 1,005.73 | 2.51 | |||
| Retirement Class | 1,000.00 | 1,005.36 | 2.92 | |||
| Retail Class | 1,000.00 | 1,005.22 | 3.02 | |||
| 5% annual hypothetical return | ||||||
| Institutional Class | 1,000.00 | 1,023.31 | 1.78 | |||
| Advisor Class | 1,000.00 | 1,023.21 | 1.88 | |||
| Premier Class | 1,000.00 | 1,022.56 | 2.54 | |||
| Retirement Class | 1,000.00 | 1,022.16 | 2.94 | |||
| Retail Class | 1,000.00 | 1,022.06 | 3.04 | |||
| * | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/365. There were 183 days in the six months ended September 30, 2021. The Fund’s annualized six-month expense ratios for that period were 0.35% for the Institutional Class, 0.37% for the Advisor Class, 0.50% for the Premier Class, 0.58% for the Retirement Class and 0.60% for the Retail Class. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
| Portfolio composition | ||
| Sector | % of net assets as of 9/30/2021 |
|
| Foreign government & corporate bonds denominated in U.S. dollars | 23.9 | |
| Corporate bonds | 22.9 | |
| Asset-backed securities | 16.6 | |
| U.S. Treasury securities | 12.5 | |
| Municipal bonds | 7.3 | |
| U.S. agency securities | 5.9 | |
| Commercial mortgage-backed securities | 3.1 | |
| Bank loan obligations | 2.7 | |
| Mortgage-backed securities | 0.3 | |
| Short-term investments, other assets & liabilities, net | 4.8 | |
| Total | 100.0 | |
Performance for the six months ended September 30, 2021
The Short Duration Impact Bond Fund returned 0.65% for the Institutional Class, compared with the 0.13% return of its benchmark, the Bloomberg U.S. 1–3 Year Government/Credit Bond Index. For the one-year period ended September 30, 2021, the Fund returned 1.68%, versus 0.30% for the index. The performance table shows returns for all share classes of the Fund.
Economic growth continued amid lower unemployment and elevated inflation
The U.S. economy expanded during the period, overcoming concerns about the continued impact of COVID-19 and the delta variant. Real gross domestic product, which measures the value of all goods and services produced in the United States, increased at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. The unemployment rate declined to 4.8% in September—its lowest level in 18 months. Core inflation, which measures all items except food and energy, rose 4.0% over the twelve months ended September 2021. Crude oil prices climbed from $61 to $75 per barrel during the six-month period.
The Federal Reserve maintained historically low interest rates during the period, keeping the federal funds target rate unchanged at 0.00%–0.25%. The Fed also continued to provide monetary stimulus by purchasing U.S. Treasury securities and other bonds. In September, policymakers indicated that a more moderate pace of bond-buying might be warranted if the economy continued to improve.
All major segments of the fixed-income market posted gains for the period. The Bloomberg U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, advanced. U.S. Treasury inflation-protected securities (TIPS) performed best, followed by high-yield bonds. Municipal and shorter-term bonds posted the smallest gains.
Corporate bonds drove the benchmark’s performance
All of the sectors in the Bloomberg U.S. 1–3 Year Government/Credit Bond Index posted positive returns for the six months. Corporate bonds—the second-largest sector with a weighting of 22.6%—was the index’s best-performing component with a return of 0.4%. Government credit securities and government agency bonds surpassed the benchmark’s return, both with gains of 0.2%. Short-term Treasuries, by far the benchmark’s largest sector with a weighting of 66.9%, underperformed with a meager gain just above 0.0%.
Fund outperformed its benchmark
The Fund outperformed its benchmark for the period, primarily due to favorable positioning in several sectors. Of particular note, the Fund’s overweight position in the corporate bond sector made the largest contribution to its relative return. Out-of-benchmark allocations to the asset-backed securities, municipal bonds, commercial mortgage-backed securities, and mortgage-backed securities sectors were the next-largest contributors. An overweight position in government credit securities and an underweight in U.S. Treasuries were also beneficial.
By contrast, an allocation to government agency bonds and a small position in cash detracted from the Fund’s relative return.
| 26 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of September 30, 2021
| Short Duration Impact Bond Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||
| Inception date | 6 months | 1 year | since inception | gross | net | |||||||||||||
| Institutional Class | 11/16/18 | 0.65 | % | 1.68 | % | 3.68 | % | 1.06 | % | 0.35 | % | |||||||
| Advisor Class | 11/16/18 | 0.64 | 1.67 | 3.66 | 1.16 | 0.45 | ||||||||||||
| Premier Class | 11/16/18 | 0.57 | 1.52 | 3.53 | 1.21 | 0.50 | ||||||||||||
| Retirement Class | 11/16/18 | 0.54 | 1.44 | 3.43 | 1.31 | 0.60 | ||||||||||||
| Retail Class | 11/16/18 | 0.52 | 1.43 | 3.39 | 1.40 | 0.69 | ||||||||||||
| Bloomberg U.S. 1–3 Year Government/Credit Bond Index | — | 0.13 | 0.30 | 2.89 | ‡ | — | — | |||||||||||
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
| * | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2022, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
| ‡ | Performance is calculated from the inception date of the Institutional Class. |
Holdings by maturity
| % of fixed-income investments (excluding short-term investments) as of 9/30/2021 | ||
| Less than 1 year | 16.3 | |
| 1–3 years | 50.3 | |
| 3–5 years | 21.1 | |
| 5–10 years | 11.3 | |
| Over 10 years | 1.0 | |
| Total | 100.0 | |
| Holdings by credit quality | ||
| % of fixed-income investments (excluding short-term investments) as of 9/30/2021 | ||
| U.S. Treasury & U.S. agency securities* | 18.5 | |
| Aaa/AAA | 15.0 | |
| Aa/AA | 11.0 | |
| A/A | 18.8 | |
| Baa/BBB | 13.0 | |
| Ba/BB | 6.1 | |
| B/B | 2.3 | |
| Non-rated | 15.3 | |
| Total | 100.0 | |
| * | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
| Fund profile | ||
| as of 9/30/2021 | ||
| Net assets | $36.45 million | |
| Portfolio turnover rate* | 38% | |
| Number of issues | 108 | |
| Option-adjusted duration‡ | 1.96 years | |
| Average maturity§ | 2.69 years |
| * | The portfolio turnover rate covers the six-month period from April 1, 2021–September 30, 2021, and is not annualized. |
| ‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
| § | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 27 |
Expense example
Six months ended September 30, 2021
| Short-Term Bond Fund | Beginning account value (4/1/21) | Ending account value (9/30/21) | Expenses paid during period* (4/1/21– 9/30/21) | ||||||||
| Actual return | |||||||||||
| Institutional Class | $1,000.00 | $1,005.91 | $1.31 | ||||||||
| Advisor Class | 1,000.00 | 1,006.41 | 1.76 | ||||||||
| Premier Class | 1,000.00 | 1,005.15 | 2.06 | ||||||||
| Retirement Class | 1,000.00 | 1,005.62 | 2.56 | ||||||||
| Retail Class | 1,000.00 | 1,005.32 | 2.87 | ||||||||
| Class W | 1,000.00 | 1,008.19 | 0.00 | ||||||||
| 5% annual hypothetical return | |||||||||||
| Institutional Class | 1,000.00 | 1,023.76 | 1.32 | ||||||||
| Advisor Class | 1,000.00 | 1,023.31 | 1.78 | ||||||||
| Premier Class | 1,000.00 | 1,023.01 | 2.08 | ||||||||
| Retirement Class | 1,000.00 | 1,022.51 | 2.59 | ||||||||
| Retail Class | 1,000.00 | 1,022.21 | 2.89 | ||||||||
| Class W | 1,000.00 | 1,025.07 | 0.00 | ||||||||
| * | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/365. There were 183 days in the six months ended September 30, 2021. The Fund’s annualized six-month expense ratios for that period were 0.26% for the Institutional Class, 0.35% for the Advisor Class, 0.41% for the Premier Class, 0.51% for the Retirement Class, 0.57% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
| Sector | %
of net assets as of 9/30/2021 | ||
| Foreign government & corporate bonds denominated in U.S. dollars | 23.3 | ||
| Corporate bonds | 22.4 | ||
| U.S. Treasury securities | 16.6 | ||
| Commercial mortgage-backed securities | 13.6 | ||
| Asset-backed securities | 12.8 | ||
| Bank loan obligations | 2.3 | ||
| Mortgage-backed securities | 2.1 | ||
| Municipal bonds | 2.1 | ||
| U.S. agency securities | 1.1 | ||
| Short-term investments, other assets & liabilities, net | 3.7 | ||
| Total | 100.0 | ||
Performance for the six months ended September 30, 2021
The Short-Term Bond Fund returned 0.59% for the Institutional Class, compared with the 0.13% return of its benchmark, the Bloomberg U.S. 1–3 Year Government/Credit Bond Index. For the one-year period ended September 30, 2021, the Fund returned 1.21%, versus 0.30% for the index. The performance table shows returns for all share classes of the Fund.
Economic growth continued amid lower unemployment and elevated inflation
The U.S. economy expanded during the period, overcoming concerns about the continued impact of COVID-19 and the delta variant. Real gross domestic product, which measures the value of all goods and services produced in the United States, increased at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. The unemployment rate declined to 4.8% in September—its lowest level in 18 months. Core inflation, which measures all items except food and energy, rose 4.0% over the twelve months ended September 2021. Crude oil prices climbed from $61 to $75 per barrel during the six-month period.
The Federal Reserve maintained historically low interest rates during the period, keeping the federal funds target rate unchanged at 0.00%–0.25%. The Fed also continued to provide monetary stimulus by purchasing U.S. Treasury securities and other bonds. In September, policymakers indicated that a more moderate pace of bond-buying might be warranted if the economy continued to improve.
All major segments of the fixed-income market posted gains for the period. The Bloomberg U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, advanced. U.S. Treasury inflation-protected securities (TIPS) performed best, followed by high-yield bonds. Municipal and shorter-term bonds posted the smallest gains.
Corporate bonds drove the benchmark’s performance
All of the sectors in the Bloomberg U.S. 1–3 Year Government/Credit Bond Index posted positive returns for the six months. Corporate bonds—the second-largest sector with a weighting of 22.6%—was the index’s best-performing component with a return of 0.4%. Government credit securities and government agency bonds surpassed the benchmark’s return, both with gains of 0.2%. Short-term Treasuries, by far the benchmark’s largest sector with a weighting of 66.9%, underperformed with a meager gain just above 0.0%.
Fund outperformed its benchmark
The Fund outperformed its benchmark for the period, primarily due to favorable positioning in several sectors. Of particular note, the Fund’s out-of-benchmark position in the asset-backed securities sector contributed most to its relative return. Fund holdings of Treasury inflation-protected securities (TIPS) made the second-largest contribution, followed by an overweight position in the corporate sector. Out-of-benchmark allocations to the commercial mortgage-backed securities and mortgage-backed securities sectors were also beneficial.
By contrast, a small position in cash detracted from the Fund’s relative return.
| 28 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of September 30, 2021
| Short-Term Bond Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | 10 years | gross | net | ||||||||||||||||||||
| Institutional Class | 3/31/06 | 0.59 | % | 1.21 | % | 2.25 | % | 2.01 | % | 0.26 | % | 0.26 | % | |||||||||||||
| Advisor Class | 12/4/15 | 0.64 | 1.21 | 2.20 | 1.97 | † | 0.35 | 0.35 | ||||||||||||||||||
| Premier Class | 9/30/09 | 0.51 | 1.05 | 2.10 | 1.87 | 0.41 | 0.41 | |||||||||||||||||||
| Retirement Class | 3/31/06 | 0.56 | 1.05 | 2.02 | 1.77 | 0.51 | 0.51 | |||||||||||||||||||
| Retail Class | 3/31/06 | 0.53 | 0.90 | 1.96 | 1.70 | 0.56 | 0.56 | |||||||||||||||||||
| Class W | 9/28/18 | 0.82 | 1.47 | 2.41 | † | 2.09 | † | 0.26 | 0.00 | |||||||||||||||||
| Bloomberg U.S. 1–3 Year Government/Credit Bond Index | — | 0.13 | 0.30 | 1.89 | 1.47 | — | — | |||||||||||||||||||
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
| * | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2022, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
| † | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
Holdings by maturity
| % of fixed-income investments (excluding short-term investments) as of 9/30/2021 | |
| Less than 1 year | 14.9 |
| 1–3 years | 57.9 |
| 3–5 years | 19.3 |
| 5–10 years | 7.2 |
| Over 10 years | 0.7 |
| Total | 100.0 |
Holdings by credit quality
| %
of fixed-income investments (excluding short-term investments) as of 9/30/2021 | |
| U.S. Treasury & U.S. agency securities* | 19.4 |
| Aaa/AAA | 11.9 |
| Aa/AA | 15.8 |
| A/A | 21.4 |
| Baa/BBB | 21.8 |
| Ba/BB | 5.1 |
| B/B | 0.8 |
| Below B/B | 0.1 |
| Non-rated | 3.7 |
| Total | 100.0 |
| * | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
| as of 9/30/2021 | |
| Net assets | $2.07 billion |
| Portfolio turnover rate* | 69% |
| Number of issues | 476 |
| Option-adjusted duration‡ | 1.90 years |
| Average maturity§ | 2.23 years |
| * | The portfolio turnover rate covers the six-month period from April 1, 2021–September 30, 2021, and is not annualized. |
| ‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
| § | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 29 |
Expense example
Six months ended September 30, 2021
| Short-Term Bond Index Fund | Beginning account value (4/1/21) | Ending account value (9/30/21) | Expenses paid during period* (4/1/21– 9/30/21) | ||||||||
| Actual return | |||||||||||
| Institutional Class | $1,000.00 | $1,000.97 | $0.50 | ||||||||
| Advisor Class | 1,000.00 | 1,000.34 | 1.10 | ||||||||
| Premier Class | 1,000.00 | 1,000.15 | 1.30 | ||||||||
| Retirement Class | 1,000.00 | 999.72 | 1.70 | ||||||||
| Retail Class | 1,000.00 | 999.10 | 2.36 | ||||||||
| Class W | 1,000.00 | 1,001.44 | 0.00 | ||||||||
| 5% annual hypothetical return | |||||||||||
| Institutional Class | 1,000.00 | 1,024.57 | 0.51 | ||||||||
| Advisor Class | 1,000.00 | 1,023.97 | 1.12 | ||||||||
| Premier Class | 1,000.00 | 1,023.76 | 1.32 | ||||||||
| Retirement Class | 1,000.00 | 1,023.36 | 1.72 | ||||||||
| Retail Class | 1,000.00 | 1,022.71 | 2.38 | ||||||||
| Class W | 1,000.00 | 1,025.07 | 0.00 | ||||||||
| * | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/365. There were 183 days in the six months ended September 30, 2021. The Fund’s annualized six-month expense ratios for that period were 0.10% for the Institutional Class, 0.22% for the Advisor Class, 0.26% for the Premier Class, 0.34% for the Retirement Class, 0.47% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
| % of net assets | |
| Sector | as of 9/30/2021 |
| U.S. Treasury securities | 67.7 |
| Corporate bonds | 17.6 |
| Foreign government & corporate bonds denominated in U.S. dollars | 11.5 |
| U.S. agency securities | 2.9 |
| Short-term investments, other assets & liabilities, net | 0.3 |
| Total | 100.0 |
Performance for the six months ended September 30, 2021
The Short-Term Bond Index Fund returned 0.10% for the Institutional Class, compared with the 0.13% return of its benchmark, the Bloomberg U.S. 1–3 Year Government/Credit Bond Index. For the one-year period ended September 30, 2021, the Fund returned 0.24%, versus 0.30% for the index. The performance table shows returns for all share classes of the Fund.
Economic growth continued amid lower unemployment and elevated inflation
The U.S. economy expanded during the period, overcoming concerns about the continued impact of COVID-19 and the delta variant. Real gross domestic product, which measures the value of all goods and services produced in the United States, increased at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. The unemployment rate declined to 4.8% in September—its lowest level in 18 months. Core inflation, which measures all items except food and energy, rose 4.0% over the twelve months ended September 2021. Crude oil prices climbed from $61 to $75 per barrel during the six-month period.
The Federal Reserve maintained historically low interest rates during the period, keeping the federal funds target rate unchanged at 0.00%–0.25%. The Fed also continued to provide monetary stimulus by purchasing U.S. Treasury securities and other bonds. In September, policymakers indicated that a more moderate pace of bond-buying might be warranted if the economy continued to improve.
All major segments of the fixed-income market posted gains for the period. The Bloomberg U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, advanced. U.S. Treasury inflation-protected securities (TIPS) performed best, followed by high-yield bonds. Municipal and shorter-term bonds posted the smallest gains.
Corporate bonds drove the benchmark’s performance
All of the sectors in the Bloomberg U.S. 1–3 Year Government/Credit Bond Index posted positive returns for the six months. Corporate bonds—the second-largest sector with a weighting of 22.6%—was the index’s best-performing component with a return of 0.4%. Government credit securities and government agency bonds surpassed the benchmark’s return, both with gains of 0.2%. Short-term Treasuries, by far the benchmark’s largest sector with a weighting of 66.9%, underperformed with a meager gain just above 0.0%.
Fund advanced but slightly trailed its benchmark
For the six months, the Fund underperformed its benchmark. The Fund’s return includes a deduction for expenses, while the benchmark’s does not.
The Fund seeks to maintain the overall characteristics of its benchmark. The Fund’s managers invest in the same sectors that are included in the benchmark and closely match the benchmark’s weightings and maturities. At times, the Fund may also invest in securities not held in the index, but which have investment characteristics that are similar to securities held in the index. During the period, this portfolio had sector returns that were similar to its benchmark, enabling it to resemble the index’s performance.
Throughout the period, the Fund’s managers kept the Fund’s duration—a measure of its sensitivity to interest rate changes—close to that of its benchmark. This strategy helped the Fund’s risk and reward characteristics to more closely resemble those of its benchmark.
| 30 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of September 30, 2021
| Short-Term Bond Index Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | since inception | gross | net | ||||||||||||||||||||
| Institutional Class | 8/7/15 | 0.10 | % | 0.24 | % | 1.75 | % | 1.66 | % | 0.10 | % | 0.10 | % | |||||||||||||
| Advisor Class | 12/4/15 | 0.03 | 0.12 | 1.64 | 1.55 | † | 0.23 | 0.23 | ||||||||||||||||||
| Premier Class | 8/7/15 | 0.02 | –0.01 | 1.58 | 1.49 | 0.25 | 0.25 | |||||||||||||||||||
| Retirement Class | 8/7/15 | –0.03 | –0.01 | 1.52 | 1.41 | 0.35 | 0.35 | |||||||||||||||||||
| Retail Class | 8/7/15 | –0.09 | –0.11 | 1.40 | 1.31 | 0.43 | 0.43 | |||||||||||||||||||
| Class W | 9/28/18 | 0.14 | 0.35 | 1.82 | † | 1.71 | † | 0.10 | 0.00 | |||||||||||||||||
| Bloomberg U.S. 1–3 Year Government/Credit Bond Index | — | 0.13 | 0.30 | 1.89 | 1.81 | ‡ | — | — | ||||||||||||||||||
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
| * | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2022, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
| † | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
| ‡ | Performance is calculated from the inception date of the Institutional Class. |
Holdings by maturity
| %
of fixed-income investments (excluding short-term investments) as of 9/30/2021 | |
| Less than 1 year | 3.2 |
| 1–3 years | 95.7 |
| 3–5 years | 1.1 |
| Total | 100.0 |
Holdings by credit quality
| % of fixed-income investments | |
| (excluding short-term investments) | |
| as of 9/30/2021 | |
| U.S. Treasury & U.S. agency securities* | 69.9 |
| Aaa/AAA | 4.1 |
| Aa/AA | 3.4 |
| A/A | 12.8 |
| Baa/BBB | 9.8 |
| Total | 100.0 |
| * | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
| as of 9/30/2021 | |
| Net assets | $1.26 billion |
| Portfolio turnover rate* | 23% |
| Number of issues | 679 |
| Option-adjusted duration‡ | 1.94 years |
| Average maturity§ | 1.99 years |
| * | The portfolio turnover rate covers the six-month period from April 1, 2021–September 30, 2021, and is not annualized. |
| ‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
| § | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 31 |
Expense example
Six months ended September 30, 2021
| Money Market Fund | Beginning account value (4/1/21) | Ending account value (9/30/21) | Expenses paid during period* (4/1/21– 9/30/21) | ||||||||
| Actual return | |||||||||||
| Institutional Class | $1,000.00 | $1,000.00 | $0.25 | ||||||||
| Advisor Class | 1,000.00 | 1,000.00 | 0.25 | ||||||||
| Premier Class | 1,000.00 | 1,000.00 | 0.25 | ||||||||
| Retirement Class | 1,000.00 | 1,000.00 | 0.25 | ||||||||
| Retail Class | 1,000.00 | 1,000.00 | 0.25 | ||||||||
| 5% annual hypothetical return | |||||||||||
| Institutional Class | 1,000.00 | 1,024.82 | 0.25 | ||||||||
| Advisor Class | 1,000.00 | 1,024.82 | 0.25 | ||||||||
| Premier Class | 1,000.00 | 1,024.82 | 0.25 | ||||||||
| Retirement Class | 1,000.00 | 1,024.82 | 0.25 | ||||||||
| Retail Class | 1,000.00 | 1,024.82 | 0.25 | ||||||||
| * | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/365. There were 183 days in the six months ended September 30, 2021. The Fund’s annualized six-month expense ratios for that period were 0.05% for the Institutional Class, 0.05% for the Advisor Class, 0.05% for the Premier Class, 0.05% for the Retirement Class and 0.05% for the Retail Class. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
| % of net assets | |
| Sector | as of 9/30/2021 |
| U.S. government agency securities* | 48.2 |
| U.S. Treasury securities* | 28.9 |
| Floating-rate securities, government* | 22.9 |
| Total | 100.0 |
| * | These securities are guaranteed by the full faith and credit of the U.S. government. |
Performance for the six months ended September 30, 2021
The Money Market Fund returned 0.00% for the Institutional Class, compared with the 0.01% return of the iMoneyNet Money Fund Averages™—All Government, a simple average of over 500 money market funds that invest in short-term U.S. government securities. The iMoneyNet average is not an index, and its return reflects the deduction of expenses charged by the funds included in the average. For the one-year period ended September 30, 2021, the Fund returned 0.01%, versus 0.01% for the iMoneyNet average. The performance table shows returns for all share classes of the Fund.
Economic growth continued amid lower unemployment and elevated inflation
The U.S. economy expanded during the period, overcoming concerns about the continued impact of COVID-19 and the delta variant. Real gross domestic product, which measures the value of all goods and services produced in the United States, increased at an annualized rate of 6.7% during the second quarter of 2021, according to the government’s “third” estimate. The unemployment rate declined to 4.8% in September—its lowest level in 18 months. Core inflation, which measures all items except food and energy, rose 4.0% over the twelve months ended September 2021. Crude oil prices climbed from $61 to $75 per barrel during the six-month period.
The Federal Reserve maintained historically low interest rates during the period, keeping the federal funds target rate unchanged at 0.00%–0.25%. The Fed also continued to provide monetary stimulus by purchasing U.S. Treasury securities and other bonds. In September, policymakers indicated that a more moderate pace of bond-buying might be warranted if the economy continued to improve.
The Fed’s actions kept yields on the short-term government securities in which the Fund invests at near-zero levels. The “secured overnight financing rate” (SOFR)—a key indicator of short-term government money market rates—increased slightly from 0.01% on April 1, 2020, to 0.05% on September 30, 2021.
Historically low short-term rates may continue into 2022
While the economy continued to grow during the period, labor markets tightened considerably, energy prices spiked and supply chain disruptions increased. Combined with strong consumer demand, these factors caused a rise in inflation in the latter months of the period. Short-term bond yields increased during the period, which was a positive sign for money market investments, but the Fed has not signaled when it may raise the federal funds target rate.
Fund trailed the iMoneyNet average
For the period, the return of the Money Market Fund slightly trailed that of the iMoneyNet government fund average. In pursuit of additional yield, management continued its strategy of holding higher-yielding floating-rate government agency paper, which was beneficial. As of September 28, 2021, the Fund’s weighted average maturity was 37 days, versus 33 days for the iMoneyNet government fund average. iMoneyNet releases their data on a weekly basis, and September 28 was the last date of release for the month.
| 32 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of September 30, 2021
| Money Market Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | 10 years | gross | net | ||||||||||||||||||||
| Institutional Class | 7/1/99 | 0.00 | % | 0.01 | % | 1.02 | % | 0.54 | % | 0.12 | % | 0.12 | % | |||||||||||||
| Advisor Class | 12/4/15 | 0.00 | 0.00 | 1.03 | 0.53 | † | 0.22 | 0.22 | ||||||||||||||||||
| Premier Class | 9/30/09 | 0.00 | 0.00 | 0.90 | 0.46 | 0.27 | 0.27 | |||||||||||||||||||
| Retirement Class | 3/31/06 | 0.00 | 0.00 | 0.87 | 0.44 | 0.37 | 0.37 | |||||||||||||||||||
| Retail Class | 3/31/06 | 0.00 | 0.00 | 0.77 | 0.38 | 0.47 | 0.47 | |||||||||||||||||||
| iMoneyNet Money Fund Averages™—All Government§ | — | 0.01 | 0.01 | 0.80 | 0.41 | — | — | |||||||||||||||||||
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, the 7-day current and effective annualized yields and total returns would have been lower.
You could lose money by investing in this Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The Fund’s sponsor has no legal obligation to provide support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. For a detailed discussion of risk, please see the prospectus. The current yield more closely reflects current earnings than does the total return.
| * | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2022, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
| † | The performance shown for the Advisor Class that is prior to its inception date is based on the performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class. If these actual expenses had been reflected, the performance of the Advisor Class shown for these periods would have been different because the Advisor Class has different expenses than the Institutional Class. |
| § | The iMoneyNet Money Fund Averages—All Government is a simple average of over 500 money market funds that invest in U.S. Treasuries, U.S. Agencies, repurchase agreements and government-backed floating-rate notes. You cannot invest directly in it. |
Net annualized yield
(for the 7 days ended September 28, 2021)‡
| Current yield | Effective yield | |||||||
| Money Market Fund | ||||||||
| Institutional Class | 0.00 | % | 0.00 | % | ||||
| Advisor Class | 0.00 | 0.00 | ||||||
| Premier Class | 0.00 | 0.00 | ||||||
| Retirement Class | 0.00 | 0.00 | ||||||
| Retail Class | 0.00 | 0.00 | ||||||
| iMoneyNet Money Fund Averages™—All Government§ | 0.01 | 0.01 | ||||||
The current yield more closely reflects current earnings than does the total return.
| ‡ | Typically, iMoneyNet reports its 7-day yields as of Tuesday of each week. |
Fund profile
| as of 9/30/2021 | |
| Net assets | $1.43 billion |
| Number of issues | 132 |
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 33 |
Summary portfolio of investments (unaudited)
Bond Index Fund ■ September 30, 2021
| % of net | |||||||||||||
| Principal | Issuer | Value | assets | ||||||||||
| BONDS | |||||||||||||
| CORPORATE BONDS | |||||||||||||
| AUTOMOBILES & COMPONENTS | $ | 20,428,094 | 0.1 | % | |||||||||
| BANKS | |||||||||||||
| Bank of America Corp | |||||||||||||
| $ | 142,690,000 | 0.810%–6.110%, 07/21/23–07/21/52 | 149,625,282 | 0.7 | |||||||||
| Other | 744,600,606 | 3.5 | |||||||||||
| 894,225,888 | 4.2 | ||||||||||||
| CAPITAL GOODS | 313,142,218 | 1.5 | |||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | 37,149,706 | 0.2 | |||||||||||
| CONSUMER DURABLES & APPAREL | 25,423,949 | 0.1 | |||||||||||
| CONSUMER SERVICES | 118,549,176 | 0.6 | |||||||||||
| DIVERSIFIED FINANCIALS | |||||||||||||
| Morgan Stanley | |||||||||||||
| 90,167,000 | 0.529%–7.250%, 11/01/22–01/25/52 | 95,015,939 | 0.4 | ||||||||||
| Other | 452,662,397 | 2.1 | |||||||||||
| 547,678,336 | 2.5 | ||||||||||||
| ENERGY | 415,186,037 | 1.9 | |||||||||||
| FOOD & STAPLES RETAILING | 31,093,607 | 0.1 | |||||||||||
| FOOD, BEVERAGE & TOBACCO | 217,432,351 | 1.0 | |||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | 293,918,346 | 1.4 | |||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | 27,748,187 | 0.1 | |||||||||||
| INSURANCE | 173,674,190 | 0.8 | |||||||||||
| MATERIALS | 151,387,414 | 0.7 | |||||||||||
| MEDIA & ENTERTAINMENT | 272,892,095 | 1.3 | |||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 294,406,549 | 1.4 | |||||||||||
| REAL ESTATE | 224,393,879 | 1.1 | |||||||||||
| RETAILING | 167,911,315 | 0.8 | |||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 126,759,409 | 0.6 | |||||||||||
| SOFTWARE & SERVICES | 229,324,974 | 1.1 | |||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | 161,854,335 | 0.8 | |||||||||||
| TELECOMMUNICATION SERVICES | 267,693,876 | 1.3 | |||||||||||
| TRANSPORTATION | 126,807,857 | 0.6 | |||||||||||
| UTILITIES | 492,705,135 | 2.3 | |||||||||||
| TOTAL CORPORATE BONDS (Cost $5,295,406,834) | 5,631,786,923 | 26.5 | |||||||||||
| GOVERNMENT BONDS | |||||||||||||
| AGENCY SECURITIES | 269,791,029 | 1.3 | |||||||||||
| FOREIGN GOVERNMENT BONDS | 730,844,761 | 3.4 | |||||||||||
| MORTGAGE BACKED | |||||||||||||
| Federal Home Loan Mortgage Corp Gold (FGLMC) | |||||||||||||
| 458,581,726 | 2.500%–8.000%, 12/01/21–05/01/49 | 491,257,998 | 2.3 | ||||||||||
| Federal National Mortgage Association (FNMA) | |||||||||||||
| 92,284,449 | 2.000%, 03/01/36 | 95,119,459 | 0.5 | ||||||||||
| % of net | |||||||||||||
| Principal | Issuer | Value | assets | ||||||||||
| MORTGAGE BACKED—continued | |||||||||||||
| $ | 216,183,918 | 2.500%, 10/01/50 | $ | 223,092,808 | 1.1 | % | |||||||
| 121,035,028 | 2.000%, 11/01/50 | 121,451,647 | 0.6 | ||||||||||
| 128,131,926 | 2.000%, 12/01/50 | 128,572,975 | 0.6 | ||||||||||
| 96,596,663 | 2.000%, 01/01/51 | 96,929,162 | 0.5 | ||||||||||
| 130,473,908 | 2.500%, 02/01/51 | 134,643,644 | 0.6 | ||||||||||
| 129,782,175 | 2.000%, 03/01/51 | 130,228,904 | 0.6 | ||||||||||
| 155,113,357 | 2.000%, 04/01/51 | 155,647,279 | 0.7 | ||||||||||
| 97,691,027 | 2.000%, 05/01/51 | 98,027,293 | 0.5 | ||||||||||
| 93,304,761 | 2.000%, 06/01/51 | 93,625,929 | 0.4 | ||||||||||
| 114,054,331 | 2.000%, 08/01/51 | 114,446,922 | 0.5 | ||||||||||
| 139,420,854 | 2.500%, 08/01/51 | 143,876,520 | 0.7 | ||||||||||
| 2,225,269,418 | 1.000%–8.000%, 11/01/21–07/01/55 | 2,318,281,537 | 10.9 | ||||||||||
| Government National Mortgage Association (GNMA) | |||||||||||||
| 96,235,903 | 2.500%, 07/20/51 | 99,336,843 | 0.5 | ||||||||||
| 171,000,000 | 2.000%, 10/20/51 | 174,019,219 | 0.8 | ||||||||||
| 956,506,575 | 1.500%–8.500%, 01/20/24–09/20/51 | 1,004,179,686 | 4.7 | ||||||||||
| Other | 113,697,069 | 0.5 | |||||||||||
| 5,736,434,894 | 27.0 | ||||||||||||
| MUNICIPAL BONDS | 175,557,030 | 0.8 | |||||||||||
| U.S. TREASURY SECURITIES | |||||||||||||
| United States Treasury Bond | |||||||||||||
| 179,483,000 | 3.500%, 02/15/39 | 223,764,822 | 1.0 | ||||||||||
| 82,500,000 | 3.000%, 02/15/49 | 98,619,726 | 0.5 | ||||||||||
| 656,135,000 | 2.250%–5.000%, 02/15/36–11/15/49 | 799,884,829 | 3.8 | ||||||||||
| United States Treasury Note | |||||||||||||
| 80,000,000 | 2.500%, 03/31/23 | 82,765,625 | 0.4 | ||||||||||
| 85,000,000 | 0.125%, 04/30/23 | 84,887,110 | 0.4 | ||||||||||
| 80,000,000 | 2.750%, 05/31/23 | 83,359,375 | 0.4 | ||||||||||
| 91,500,000 | 2.625%, 06/30/23 | 95,310,117 | 0.5 | ||||||||||
| 116,000,000 | 2.750%, 08/31/23 | 121,487,344 | 0.6 | ||||||||||
| 129,300,000 | 2.500%, 01/31/24 | 135,704,391 | 0.6 | ||||||||||
| 325,000,000 | 2.125%, 03/31/24 | 338,825,194 | 1.6 | ||||||||||
| 174,000,000 | 2.250%, 04/30/24 | 182,135,859 | 0.9 | ||||||||||
| 111,500,000 | 2.000%, 05/31/24 | 116,081,953 | 0.5 | ||||||||||
| 152,000,000 | 1.750%, 06/30/24 | 157,355,626 | 0.7 | ||||||||||
| 212,000,000 | 1.750%, 07/31/24 | 219,610,469 | 1.0 | ||||||||||
| 81,000,000 | 1.500%, 09/30/24 | 83,369,883 | 0.4 | ||||||||||
| 90,500,000 | 1.500%, 10/31/24 | 93,158,437 | 0.4 | ||||||||||
| 75,000,000 | 1.750%, 12/31/24 | 77,815,429 | 0.4 | ||||||||||
| 134,000,000 | 0.250%, 06/30/25 | 131,613,125 | 0.6 | ||||||||||
| 110,000,000 | 0.250%, 07/31/25 | 107,894,532 | 0.5 | ||||||||||
| 97,000,000 | 0.250%, 10/31/25 | 94,775,820 | 0.4 | ||||||||||
| 275,000,000 | 0.375%, 11/30/25 | 269,747,071 | 1.3 | ||||||||||
| 126,000,000 | 0.375%, 01/31/26 | 123,292,968 | 0.6 | ||||||||||
| 137,000,000 | 0.500%, 02/28/26 | 134,688,125 | 0.6 | ||||||||||
| 90,000,000 | 0.750%, 03/31/26 | 89,363,672 | 0.4 | ||||||||||
| 120,000,000 | 0.750%, 04/30/26 | 119,076,563 | 0.6 | ||||||||||
| 165,000,000 | 0.750%, 05/31/26 | 163,614,257 | 0.8 | ||||||||||
| 135,000,000 | 0.875%, 06/30/26 | 134,525,391 | 0.6 | ||||||||||
| 85,000,000 | 0.625%, 07/31/26 | 83,638,672 | 0.4 | ||||||||||
| 130,000,000 | 0.750%, 08/31/26 | 128,608,594 | 0.6 | ||||||||||
| 89,500,000 | 1.750%, 12/31/26 | 92,803,808 | 0.4 | ||||||||||
| 85,000,000 | 3.125%, 11/15/28 | 95,498,828 | 0.5 | ||||||||||
| 92,000,000 | 2.375%, 05/15/29 | 98,756,250 | 0.5 | ||||||||||
| 117,000,000 | 1.500%, 02/15/30 | 117,744,961 | 0.6 | ||||||||||
| 131,000,000 | 1.625%, 05/15/31 | 132,535,156 | 0.6 | ||||||||||
| 127,500,000 | 1.375%, 11/15/40 | 114,530,859 | 0.5 | ||||||||||
| 90,000,000 | 2.250%, 05/15/41 | 93,585,937 | 0.4 | ||||||||||
| 2,694,184,100 | 0.125%–8.000%, 11/15/21–08/15/51 | 2,705,238,350 | 12.8 | ||||||||||
| 8,025,669,128 | 37.8 | ||||||||||||
| TOTAL GOVERNMENT BONDS (Cost $14,626,158,298) | 14,938,296,842 | 70.3 | |||||||||||
| 34 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | concluded |
| Bond Index Fund ■ September 30, 2021 | |
| % of net | ||||||||||||||
| Principal | Issuer | Value | assets | |||||||||||
| STRUCTURED ASSETS | ||||||||||||||
| ASSET BACKED | $ | 145,645,959 | 0.7 | % | ||||||||||
| OTHER MORTGAGE BACKED | 436,613,907 | 2.0 | ||||||||||||
| TOTAL STRUCTURED ASSETS (Cost $567,923,866) | 582,259,866 | 2.7 | ||||||||||||
| TOTAL BONDS (Cost $20,489,488,998) | 21,152,343,631 | 99.5 | ||||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| GOVERNMENT AGENCY DEBT | ||||||||||||||
| Tennessee Valley Authority (TVA) | ||||||||||||||
| $ | 80,175,000 | 0.000%, 10/06/21 | 80,174,777 | 0.4 | ||||||||||
| Other | 200,101,558 | 0.9 | ||||||||||||
| 280,276,335 | 1.3 | |||||||||||||
| REPURCHASE AGREEMENT | 66,160,000 | 0.3 | ||||||||||||
| Shares | Company | |||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | ||||||||||||||
| 71,866,360 | c | State Street Navigator Securities Lending Government Money Market Portfolio 0.030% | 71,866,360 | 0.4 | ||||||||||
| 71,866,360 | 0.4 | |||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $418,303,518) | 418,302,695 | 2.0 | ||||||||||||
| TOTAL PORTFOLIO (Cost $20,907,792,516) | 21,570,646,326 | 101.5 | ||||||||||||
| OTHER ASSETS & LIABILITIES, NET | (319,275,354 | ) | (1.5 | ) | ||||||||||
| NET ASSETS | $ | 21,251,370,972 | 100.0 | % | ||||||||||
| c | Investments made with cash collateral received from securities on loan. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
At 9/30/21, the aggregate value of securities on loan is $71,973,574. See Note 4 in the Notes to financial statements for additional information about securities lending collateral.
At 9/30/21, the aggregate value of securities exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended, amounted to $116,899,865 or 0.6% of net assets. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 35 |
Summary portfolio of investments (unaudited)
Core Bond Fund ■ September 30, 2021
| % of net | |||||||||||||
| Principal | Issuer | Value | assets | ||||||||||
| BANK LOAN OBLIGATIONS | |||||||||||||
| AUTOMOBILES & COMPONENTS | $ | 1,745,213 | 0.0 | % | |||||||||
| CAPITAL GOODS | 8,746,688 | 0.1 | |||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | 22,173,070 | 0.2 | |||||||||||
| CONSUMER DURABLES & APPAREL | 3,540,062 | 0.0 | |||||||||||
| CONSUMER SERVICES | 20,387,125 | 0.2 | |||||||||||
| DIVERSIFIED FINANCIALS | 1,959,624 | 0.0 | |||||||||||
| ENERGY | 4,351,743 | 0.0 | |||||||||||
| FOOD, BEVERAGE & TOBACCO | 10,981,395 | 0.1 | |||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | 22,331,380 | 0.2 | |||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | 3,643,547 | 0.0 | |||||||||||
| INSURANCE | 9,921,506 | 0.1 | |||||||||||
| MATERIALS | 9,094,657 | 0.1 | |||||||||||
| MEDIA & ENTERTAINMENT | 24,068,735 | 0.2 | |||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 16,120,332 | 0.2 | |||||||||||
| REAL ESTATE | 1,680,148 | 0.0 | |||||||||||
| RETAILING | 2,965,181 | 0.0 | |||||||||||
| SOFTWARE & SERVICES | 12,690,314 | 0.1 | |||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | 4,596,741 | 0.1 | |||||||||||
| TELECOMMUNICATION SERVICES | 4,433,891 | 0.1 | |||||||||||
| TRANSPORTATION | 6,698,402 | 0.1 | |||||||||||
| UTILITIES | 12,499,612 | 0.1 | |||||||||||
| TOTAL BANK LOAN OBLIGATIONS (Cost $205,334,616) | 204,629,366 | 1.9 | |||||||||||
| BONDS | |||||||||||||
| CORPORATE BONDS | |||||||||||||
| AUTOMOBILES & COMPONENTS | 46,263,052 | 0.4 | |||||||||||
| BANKS | |||||||||||||
| Bank of America Corp | |||||||||||||
| $ | 56,165,000 | 1.922%, 10/24/31 | 54,029,062 | 0.5 | |||||||||
| 147,382,000 | 1.197%–6.300%, 01/22/25–N/A‡ | 154,741,262 | 1.5 | ||||||||||
| Citigroup, Inc | |||||||||||||
| 39,295,000 | 2.666%, 01/29/31 | 40,243,478 | 0.4 | ||||||||||
| JPMorgan Chase & Co | |||||||||||||
| 40,560,000 | 1.953%, 02/04/32 | 39,129,099 | 0.4 | ||||||||||
| 125,585,000 | 2.301%–6.100%, 10/15/25–N/A‡ | 133,858,718 | 1.2 | ||||||||||
| Other | 611,045,122 | 5.7 | |||||||||||
| 1,033,046,741 | 9.7 | ||||||||||||
| CAPITAL GOODS | 169,128,979 | 1.6 | |||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | 37,787,307 | 0.4 | |||||||||||
| CONSUMER DURABLES & APPAREL | 18,476,958 | 0.2 | |||||||||||
| CONSUMER SERVICES | 61,402,108 | 0.6 | |||||||||||
| % of net | ||||||||||||||
| Principal | Issuer | Value | assets | |||||||||||
| DIVERSIFIED FINANCIALS | ||||||||||||||
| GE Capital International Funding Co | ||||||||||||||
| $ | 43,220,000 | 4.418%, 11/15/35 | $ | 51,866,259 | 0.5 | % | ||||||||
| Other | 455,036,120 | 4.3 | ||||||||||||
| 506,902,379 | 4.8 | |||||||||||||
| ENERGY | 485,898,918 | 4.6 | ||||||||||||
| FOOD & STAPLES RETAILING | 12,162,450 | 0.1 | ||||||||||||
| FOOD, BEVERAGE & TOBACCO | 160,724,880 | 1.5 | ||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | 181,687,860 | 1.7 | ||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | 2,277,563 | 0.0 | ||||||||||||
| INSURANCE | 142,767,974 | 1.4 | ||||||||||||
| MATERIALS | 184,333,826 | 1.7 | ||||||||||||
| MEDIA & ENTERTAINMENT | 272,297,002 | 2.6 | ||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 151,636,260 | 1.4 | ||||||||||||
| REAL ESTATE | 232,032,567 | 2.2 | ||||||||||||
| RETAILING | 80,844,403 | 0.8 | ||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 59,137,037 | 0.6 | ||||||||||||
| SOFTWARE & SERVICES | 89,563,634 | 0.8 | ||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | 73,236,691 | 0.7 | ||||||||||||
| TELECOMMUNICATION SERVICES | ||||||||||||||
| AT&T, Inc | ||||||||||||||
| 95,399,000 | 2.250%–4.500%, 02/15/30–09/15/59 | 96,226,471 | 1.0 | |||||||||||
| Other | 232,768,887 | 2.1 | ||||||||||||
| 328,995,358 | 3.1 | |||||||||||||
| TRANSPORTATION | 57,894,766 | 0.5 | ||||||||||||
| UTILITIES | 407,738,130 | 3.8 | ||||||||||||
| TOTAL CORPORATE BONDS (Cost $4,685,244,786) | 4,796,236,843 | 45.2 | ||||||||||||
| GOVERNMENT BONDS | ||||||||||||||
| AGENCY SECURITIES | 73,719,187 | 0.7 | ||||||||||||
| FOREIGN GOVERNMENT BONDS | 300,330,128 | 2.8 | ||||||||||||
| MORTGAGE BACKED | ||||||||||||||
| Federal National Mortgage Association (FNMA) | ||||||||||||||
| 99,000,000 | h | 2.500%, 10/25/32 | 103,134,023 | 1.0 | ||||||||||
| 136,100,000 | 2.000%, 10/25/35 | 140,167,050 | 1.3 | |||||||||||
| 57,590,000 | 3.000%, 10/25/50 | 60,260,286 | 0.6 | |||||||||||
| 216,570,000 | 2.000%, 10/25/51 | 217,153,725 | 2.1 | |||||||||||
| 125,826,000 | 2.500%, 10/25/51 | 129,733,487 | 1.2 | |||||||||||
| 219,920,000 | h | 2.000%, 11/25/51 | 220,117,585 | 2.1 | ||||||||||
| 306,510,000 | h | 2.500%, 11/25/51 | 315,429,919 | 3.0 | ||||||||||
| 231,085,000 | 3.000%, 11/25/51 | 241,498,356 | 2.3 | |||||||||||
| 349,244,394 | 1.500%–8.000%, 07/01/24–08/01/51 | 335,532,661 | 3.1 | |||||||||||
| Government National Mortgage Association (GNMA) | ||||||||||||||
| 75,270,000 | 3.000%, 10/20/46 | 78,639,509 | 0.8 | |||||||||||
| 62,200,000 | h | 3.000%, 11/20/47 | 64,875,086 | 0.6 | ||||||||||
| 52,850,000 | 2.000%, 10/20/51 | 53,611,784 | 0.5 | |||||||||||
| 36 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | continued |
| Core Bond Fund ■ September 30, 2021 | |
| % of net | |||||||||||||||
| Principal | Issuer | Value | assets | ||||||||||||
| MORTGAGE BACKED—continued | |||||||||||||||
| $ | 249,550,000 | h | 2.500%, 10/20/51 | $ | 257,611,635 | 2.3 | % | ||||||||
| 56,320,000 | h | 2.000%, 11/20/51 | 57,024,001 | 0.5 | |||||||||||
| Other | 246,292,019 | 2.4 | |||||||||||||
| 2,521,081,126 | 23.8 | ||||||||||||||
| MUNICIPAL BONDS | 170,800,809 | 1.6 | |||||||||||||
| U.S. TREASURY SECURITIES | |||||||||||||||
| United States Treasury Bond | |||||||||||||||
| 42,835,000 | 2.750%, 11/15/47 | 48,667,923 | 0.5 | ||||||||||||
| 55,445,000 | 3.000%, 02/15/48 | 65,927,570 | 0.6 | ||||||||||||
| 45,841,000 | 3.375%, 11/15/48 | 58,397,136 | 0.6 | ||||||||||||
| United States Treasury Note | |||||||||||||||
| 372,285,000 | 0.250%, 03/15/24 | 370,990,729 | 3.5 | ||||||||||||
| 49,725,000 | 0.875%, 06/30/26 | 49,550,186 | 0.5 | ||||||||||||
| 43,825,000 | 1.000%, 07/31/28 | 42,975,891 | 0.4 | ||||||||||||
| 64,940,000 | 2.375%, 05/15/51 | 69,303,156 | 0.7 | ||||||||||||
| Other | 135,811,330 | 1.2 | |||||||||||||
| 841,623,921 | 8.0 | ||||||||||||||
| TOTAL GOVERNMENT BONDS (Cost $3,839,253,478) | 3,907,555,171 | 36.9 | |||||||||||||
| STRUCTURED ASSETS | |||||||||||||||
| ASSET BACKED | 654,153,889 | 6.2 | |||||||||||||
| OTHER MORTGAGE BACKED | 758,607,845 | 7.1 | |||||||||||||
| TOTAL STRUCTURED ASSETS (Cost $1,403,451,075) | 1,412,761,734 | 13.3 | |||||||||||||
| TOTAL BONDS (Cost $9,927,949,339) | 10,116,553,748 | 95.4 | |||||||||||||
| Shares | Company | ||||||||||||||
| COMMON STOCKS | |||||||||||||||
| MATERIALS | 572,131 | 0.0 | |||||||||||||
| TOTAL COMMON STOCKS (Cost $456,162) | 572,131 | 0.0 | |||||||||||||
| PREFERRED STOCKS | |||||||||||||||
| BANKS | 10,287,780 | 0.1 | |||||||||||||
| DIVERSIFIED FINANCIALS | 11,314,000 | 0.1 | |||||||||||||
| TOTAL PREFERRED STOCKS (Cost $21,104,000) | 21,601,780 | 0.2 | |||||||||||||
| Principal | Issuer | ||||||||||||||
| SHORT-TERM INVESTMENTS | |||||||||||||||
| GOVERNMENT AGENCY DEBT | |||||||||||||||
| Federal Agricultural Mortgage Corp (FAMC) | |||||||||||||||
| $ | 50,000,000 | 0.000%, 10/21/21 | 49,999,445 | 0.5 | |||||||||||
| Federal Farm Credit Bank (FFCB) | |||||||||||||||
| 30,000,000 | 0.000%, 02/08/22 | 29,994,585 | 0.3 | ||||||||||||
| 33,333,000 | 0.000%, 02/15/22 | 33,326,660 | 0.3 | ||||||||||||
| 50,000,000 | 0.000%, 02/16/22 | 49,990,420 | 0.5 | ||||||||||||
| 249,422,000 | 0.000%–0.000%, 10/04/21–07/25/22 | 249,354,506 | 2.3 | ||||||||||||
| Federal Home Loan Bank (FHLB) | |||||||||||||||
| 90,111,000 | 0.000%, 10/06/21 | 90,110,749 | 0.9 | ||||||||||||
| 67,000,000 | 0.000%, 10/08/21 | 66,999,739 | 0.6 | ||||||||||||
| 78,419,000 | 0.000%, 10/13/21 | 78,418,477 | 0.7 | ||||||||||||
| % of net | |||||||||||||||
| Principal | Issuer | Value | assets | ||||||||||||
| GOVERNMENT AGENCY DEBT (continued) | |||||||||||||||
| $ | 95,589,000 | 0.000%, 10/20/21 | $ | 95,587,992 | 0.9 | % | |||||||||
| 47,636,000 | 0.000%, 10/21/21 | 47,635,471 | 0.4 | ||||||||||||
| 68,195,000 | 0.000%, 10/27/21 | 68,194,015 | 0.6 | ||||||||||||
| 76,955,000 | 0.000%, 11/03/21 | 76,952,179 | 0.7 | ||||||||||||
| 85,123,000 | 0.000%, 11/05/21 | 85,119,690 | 0.8 | ||||||||||||
| 101,085,000 | 0.000%, 11/10/21 | 101,080,509 | 1.0 | ||||||||||||
| 71,696,000 | 0.000%, 11/12/21 | 71,692,655 | 0.7 | ||||||||||||
| 79,500,000 | 0.000%, 12/08/21 | 79,493,995 | 0.7 | ||||||||||||
| 50,000,000 | 0.035%, 12/10/21 | 49,988,918 | 0.5 | ||||||||||||
| 31,547,000 | 0.000%, 12/22/21 | 31,544,126 | 0.3 | ||||||||||||
| 71,000,000 | 0.000%, 12/29/21 | 70,992,981 | 0.7 | ||||||||||||
| 50,000,000 | 0.000%, 01/04/22 | 49,994,723 | 0.5 | ||||||||||||
| 50,000,000 | 0.000%, 01/19/22 | 49,993,890 | 0.5 | ||||||||||||
| 62,000,000 | 0.000%, 01/28/22 | 61,991,804 | 0.6 | ||||||||||||
| 50,000,000 | 0.045%, 02/14/22 | 49,993,145 | 0.5 | ||||||||||||
| 30,000,000 | 0.000%, 08/01/22 | 29,980,015 | 0.3 | ||||||||||||
| 35,000,000 | 0.000%, 08/02/22 | 34,976,607 | 0.3 | ||||||||||||
| 369,049,000 | 0.000%–0.000%, 10/14/21–09/16/22 | 368,977,353 | 3.4 | ||||||||||||
| Other | 39,990,398 | 0.4 | |||||||||||||
| 2,112,375,047 | 19.9 | ||||||||||||||
| REPURCHASE AGREEMENT | |||||||||||||||
| Fixed Income Clearing Corp (FICC) | |||||||||||||||
| 95,640,000 | r | 0.010%, 10/01/21 | 95,640,000 | 0.9 | |||||||||||
| 95,640,000 | 0.9 | ||||||||||||||
| TREASURY DEBT | |||||||||||||||
| United States Treasury Bill | |||||||||||||||
| 50,000,000 | 0.000%, 10/07/21 | 49,999,688 | 0.5 | ||||||||||||
| Other | 53,247,191 | 0.5 | |||||||||||||
| 103,246,879 | 1.0 | ||||||||||||||
| Shares | Company | ||||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | |||||||||||||||
| 29,530,512 | c | State Street Navigator Securities Lending Government Money Market Portfolio 0.030% | 29,530,512 | 0.3 | |||||||||||
| 29,530,512 | 0.3 | ||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $2,340,751,983) | 2,340,792,438 | 22.1 | |||||||||||||
| TOTAL PORTFOLIO (Cost $12,495,596,100) | 12,684,149,463 | 119.6 | |||||||||||||
| OTHER ASSETS & LIABILITIES, NET | (2,080,025,189 | ) | (19.6 | ) | |||||||||||
| NET ASSETS | $ | 10,604,124,274 | 100.0 | % | |||||||||||
| ‡ | Perpetual security |
| c | Investments made with cash collateral received from securities on loan. |
| h | All or a portion of these securities were purchased on a delayed delivery basis. |
| r | Agreement with Fixed Income Clearing Corporation, 0.010% dated 9/30/21 to be repurchased at $95,640,000 on 10/1/20, collateralized by U.S. Treasury Notes valued at $97,552,882. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
At 9/30/21, the aggregate value of securities on loan is $28,860,133. See Note 4 in the Notes to financial statements for additional information about securities lending collateral.
At 9/30/21, the aggregate value of securities exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended, amounted to $2,304,808,352 or 21.7% of net assets. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 37 |
| Summary portfolio of investments (unaudited) | concluded |
| Core Bond Fund ■ September 30, 2021 |
Forward foreign currency contracts outstanding as of September 30, 2021 were as follows:
| Currency to be purchased |
Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation |
) | ||||||
| $ | 2,638,624 | EUR | 2,233,796 | CITIBANK N.A. | 10/25/21 | $49,849 |
Abbreviation(s):
EUR Euro
Centrally cleared credit default swap contracts outstanding as of September 30, 2021 were as follows:
PURCHASED
| Reference entity | Terms of payments to be paid | Terms of payments to be received | Counterparty | Fixed rate payment frequency | Maturity date | Notional amount* | Value | Premiums paid (received | ) | Variation margin | Unrealized appreciation (depreciation | ) | ||||||||||||||||||
| CDX-NAHYS37V1-5Y | 5.000% | Credit event as specified in contract | Citigroup Global Markets, Inc | Quarterly | 12/20/26 | 90,000,000 | $(8,324,510 | ) | $(8,751,975 | ) | $186,038 | $427,465 | ||||||||||||||||||
| * | The maximum potential amount the Account could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs is defined under the terms of that particular swap agreement. This amount may be reduced by any recoverable assets, if applicable. |
| 38 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments (unaudited)
Core Impact Bond Fund ■ September 30, 2021
| Principal | Issuer | Value | %
of net assets | ||||||||||
| BANK LOAN OBLIGATIONS | |||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | $ | 15,960,000 | 0.2 | % | |||||||||
| UTILITIES | 7,517,313 | 0.1 | |||||||||||
| TOTAL BANK LOAN OBLIGATIONS (Cost $23,340,110) | 23,477,313 | 0.3 | |||||||||||
| BONDS | |||||||||||||
| CORPORATE BONDS | |||||||||||||
| AUTOMOBILES & COMPONENTS | 50,425,579 | 0.7 | |||||||||||
| BANKS | 667,569,738 | 9.4 | |||||||||||
| CAPITAL GOODS | 104,414,796 | 1.5 | |||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | 49,750,907 | 0.7 | |||||||||||
| CONSUMER DURABLES & APPAREL | 6,698,757 | 0.1 | |||||||||||
| CONSUMER SERVICES | 79,089,684 | 1.1 | |||||||||||
| DIVERSIFIED FINANCIALS | |||||||||||||
| BPCE S.A. | |||||||||||||
| $ | 21,400,000 | g | 1.652%, 10/06/26 | 21,425,424 | 0.3 | ||||||||
| Morgan Stanley | |||||||||||||
| 24,500,000 | 0.791%, 01/22/25 | 24,498,897 | 0.3 | ||||||||||
| Other | 336,057,531 | 4.8 | |||||||||||
| 381,981,852 | 5.4 | ||||||||||||
| ENERGY | 186,256,137 | 2.6 | |||||||||||
| FOOD & STAPLES RETAILING | 14,957,330 | 0.2 | |||||||||||
| FOOD, BEVERAGE & TOBACCO | 33,229,390 | 0.5 | |||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | 44,914,523 | 0.6 | |||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | 24,099,049 | 0.4 | |||||||||||
| INSURANCE | 112,426,346 | 1.6 | |||||||||||
| MATERIALS | 108,591,490 | 1.5 | |||||||||||
| MEDIA & ENTERTAINMENT | 38,424,895 | 0.5 | |||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 119,081,725 | 1.7 | |||||||||||
| REAL ESTATE | 137,004,825 | 1.9 | |||||||||||
| RETAILING | 77,392,814 | 1.1 | |||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 21,519,226 | 0.3 | |||||||||||
| SOFTWARE & SERVICES | 38,969,700 | 0.6 | |||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | 22,097,413 | 0.3 | |||||||||||
| TELECOMMUNICATION SERVICES | |||||||||||||
| Verizon Communications, Inc | |||||||||||||
| 18,825,000 | 3.550%, 03/22/51 | 19,852,787 | 0.3 | ||||||||||
| Other | 43,938,174 | 0.6 | |||||||||||
| 63,790,961 | 0.9 | ||||||||||||
| TRANSPORTATION | 50,583,952 | 0.7 | |||||||||||
| UTILITIES | |||||||||||||
| Southwestern Public Service Co | |||||||||||||
| 18,529,000 | 3.150%, 05/01/50 | 19,415,154 | 0.3 | ||||||||||
| Other | 676,228,116 | 9.6 | |||||||||||
| 695,643,270 | 9.9 | ||||||||||||
| TOTAL CORPORATE BONDS (Cost $3,071,904,213) | 3,128,914,359 | 44.2 | |||||||||||
| Principal | Issuer | Value | % of net assets | ||||||||||
| GOVERNMENT BONDS | |||||||||||||
| AGENCY SECURITIES | |||||||||||||
| Federal Home Loan Mortgage Corp (FHLMC) | |||||||||||||
| $ | 23,000,000 | 0.375%, 05/05/23 | $ | 23,045,741 | 0.3 | % | |||||||
| 22,692,000 | 0.250%, 12/04/23 | 22,643,023 | 0.3 | ||||||||||
| Other | 233,489,878 | 3.3 | |||||||||||
| 279,178,642 | 3.9 | ||||||||||||
| FOREIGN GOVERNMENT BONDS | 409,956,885 | 5.8 | |||||||||||
| MORTGAGE BACKED | |||||||||||||
| Federal Home Loan Mortgage Corp (FHLMC) | |||||||||||||
| 23,136,236 | 4.000%, 06/01/48 | 25,370,170 | 0.4 | ||||||||||
| Federal National Mortgage Association (FNMA) | |||||||||||||
| 40,900,000 | h | 2.500%, 10/25/32 | 42,607,894 | 0.6 | |||||||||
| 60,800,000 | 2.000%, 10/25/35 | 62,616,875 | 0.9 | ||||||||||
| 18,739,905 | 3.000%, 07/01/50 | 20,075,386 | 0.3 | ||||||||||
| 20,985,000 | 3.000%, 10/25/50 | 21,958,016 | 0.3 | ||||||||||
| 89,630,000 | 2.000%, 10/25/51 | 89,871,582 | 1.3 | ||||||||||
| 47,424,000 | 2.500%, 10/25/51 | 48,896,738 | 0.7 | ||||||||||
| 94,490,000 | h | 2.000%, 11/25/51 | 94,574,894 | 1.3 | |||||||||
| 117,340,000 | h | 2.500%, 11/25/51 | 120,754,777 | 1.7 | |||||||||
| 96,850,000 | h | 3.000%, 11/25/51 | 101,214,340 | 1.4 | |||||||||
| 212,403,369 | 1.250%–5.864%, 04/24/26–02/25/51 | 200,462,023 | 2.8 | ||||||||||
| Government National Mortgage Association (GNMA) | |||||||||||||
| 42,745,000 | 3.000%, 10/20/46 | 44,658,507 | 0.6 | ||||||||||
| 40,800,000 | h | 3.000%, 11/20/47 | 42,554,719 | 0.6 | |||||||||
| 28,365,000 | h | 2.000%, 10/20/51 | 28,773,855 | 0.4 | |||||||||
| 128,150,000 | h | 2.500%, 10/20/51 | 132,289,846 | 1.9 | |||||||||
| 30,210,000 | 2.000%, 11/20/51 | 30,587,625 | 0.4 | ||||||||||
| Other | 103,809,014 | 1.5 | |||||||||||
| 1,211,076,261 | 17.1 | ||||||||||||
| MUNICIPAL BONDS | |||||||||||||
| Chicago Metropolitan Water Reclamation District-Greater Chicago | |||||||||||||
| 16,465,000 | 5.720%, 12/01/38 | 22,997,587 | 0.3 | ||||||||||
| Grant County Public Utility District No 2 | |||||||||||||
| 20,000,000 | 2.918%, 01/01/40 | 20,454,366 | 0.3 | ||||||||||
| Other | 421,614,295 | 6.0 | |||||||||||
| 465,066,248 | 6.6 | ||||||||||||
| U.S. TREASURY SECURITIES | |||||||||||||
| United States Treasury Inflation Indexed Bonds | |||||||||||||
| 21,645,600 | k | 0.500%, 04/15/24 | 23,115,979 | 0.3 | |||||||||
| United States Treasury Note | |||||||||||||
| 31,140,000 | 0.125%, 03/31/23 | 31,109,590 | 0.4 | ||||||||||
| 54,801,000 | 0.375%, 09/15/24 | 54,565,527 | 0.8 | ||||||||||
| 113,929,000 | 0.750%, 08/31/26 | 112,709,604 | 1.6 | ||||||||||
| 66,635,000 | 1.250%, 05/31/28 | 66,538,692 | 0.9 | ||||||||||
| 48,250,000 | 1.125%, 08/31/28 | 47,677,031 | 0.7 | ||||||||||
| 55,784,000 | 1.250%, 08/15/31 | 54,432,981 | 0.8 | ||||||||||
| 25,850,000 | 1.750%, 08/15/41 | 24,710,984 | 0.4 | ||||||||||
| 153,427,000 | 2.375%, 05/15/51 | 163,735,377 | 2.3 | ||||||||||
| Other | 79,288,612 | 1.1 | |||||||||||
| 657,884,377 | 9.3 | ||||||||||||
| TOTAL
GOVERNMENT BONDS (Cost $2,994,054,684) | 3,023,162,413 | 42.7 | |||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 39 |
| Summary portfolio of investments (unaudited) | concluded |
Core Impact Bond Fund ■ September 30, 2021
| Principal | Issuer | Value | %
of net assets | |||||||||||
| STRUCTURED ASSETS | ||||||||||||||
| ASSET BACKED | $ | 288,327,488 | 4.0 | % | ||||||||||
| OTHER MORTGAGE BACKED | 395,818,550 | 5.6 | ||||||||||||
| TOTAL STRUCTURED ASSETS (Cost $675,451,689) | 684,146,038 | 9.6 | ||||||||||||
| TOTAL BONDS (Cost $6,741,410,586) | 6,836,222,810 | 96.5 | ||||||||||||
| Shares | Company | |||||||||||||
| PREFERRED STOCKS | ||||||||||||||
| BANKS | 12,299,000 | 0.2 | ||||||||||||
| REAL ESTATE | 26,407,650 | 0.4 | ||||||||||||
| UTILITIES | 20,650,700 | 0.3 | ||||||||||||
| TOTAL PREFERRED STOCKS (Cost $59,575,000) | 59,357,350 | 0.9 | ||||||||||||
| Principal | Issuer | |||||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| GOVERNMENT AGENCY DEBT | ||||||||||||||
| Federal Farm Credit Bank (FFCB) | ||||||||||||||
| $ | 25,664,000 | 0.000%, 12/01/21 | 25,662,261 | 0.4 | ||||||||||
| 97,207,000 | 0.000%–0.000%, 10/04/21–07/19/22 | 97,179,341 | 1.3 | |||||||||||
| Federal Home Loan Bank (FHLB) | ||||||||||||||
| 55,000,000 | 0.000%, 10/06/21 | 54,999,847 | 0.8 | |||||||||||
| 80,259,000 | 0.000%, 10/08/21 | 80,258,688 | 1.1 | |||||||||||
| 49,214,000 | 0.000%, 10/13/21 | 49,213,672 | 0.7 | |||||||||||
| 38,630,000 | 0.000%, 10/18/21 | 38,629,635 | 0.5 | |||||||||||
| 135,574,000 | 0.000%, 10/20/21 | 135,572,570 | 1.9 | |||||||||||
| 61,653,000 | 0.000%, 10/22/21 | 61,652,281 | 0.9 | |||||||||||
| 78,100,000 | 0.000%, 10/27/21 | 78,098,872 | 1.1 | |||||||||||
| 20,625,000 | 0.000%, 11/19/21 | 20,623,877 | 0.3 | |||||||||||
| 25,000,000 | 0.000%, 12/27/21 | 24,997,584 | 0.4 | |||||||||||
| 50,000,000 | 0.000%, 01/04/22 | 49,994,723 | 0.7 | |||||||||||
| 20,000,000 | 0.000%, 01/18/22 | 19,997,578 | 0.3 | |||||||||||
| 25,000,000 | 0.000%, 02/18/22 | 24,995,140 | 0.4 | |||||||||||
| 25,000,000 | 0.000%, 02/22/22 | 24,995,002 | 0.3 | |||||||||||
| 20,283,000 | 0.000%, 05/05/22 | 20,275,788 | 0.3 | |||||||||||
| 20,000,000 | 0.000%, 08/03/22 | 19,986,589 | 0.3 | |||||||||||
| 109,900,000 | 0.000%–0.000%, 10/01/21–08/05/22 | 109,881,625 | 1.5 | |||||||||||
| Tennessee Valley Authority (TVA) | ||||||||||||||
| 38,825,000 | 0.000%, 10/06/21 | 38,824,892 | 0.6 | |||||||||||
| Other | 9,999,889 | 0.1 | ||||||||||||
| 985,839,854 | 13.9 | |||||||||||||
Forward foreign currency contracts outstanding as of September 30, 2021 were as follows:
| Principal | Issuer | Value | %
of net assets | |||||||||||
| REPURCHASE AGREEMENT | ||||||||||||||
| Fixed Income Clearing Corp (FICC) | ||||||||||||||
| $ | 49,700,000 | r | 0.010%, 10/01/21 | $ | 49,700,000 | 0.7 | % | |||||||
| 49,700,000 | 0.7 | |||||||||||||
| TREASURY DEBT | 16,498,875 | 0.3 | ||||||||||||
| Shares | Company | |||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | ||||||||||||||
| 30,035 | c | State Street Navigator Securities Lending Government Money Market Portfolio 0.030% | 30,035 | 0.0 | ||||||||||
| 30,035 | 0.0 | |||||||||||||
| TOTAL
SHORT-TERM INVESTMENTS (Cost $1,052,072,705) | 1,052,068,764 | 14.9 | ||||||||||||
| TOTAL PORTFOLIO
(Cost $7,876,398,401) | 7,971,126,237 | 112.6 | ||||||||||||
| OTHER ASSETS & LIABILITIES, NET | (889,243,745 | ) | (12.6 | ) | ||||||||||
| NET ASSETS | $ | 7,081,882,492 | 100.0 | % | ||||||||||
| c | Investments made with cash collateral received from securities on loan. |
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities, including those in “Other,” is $1,740,910,576 or 24.6% of net assets. |
| h | All or a portion of these securities were purchased on a delayed delivery basis. |
| k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. |
| r | Agreement with Fixed Income Clearing Corporation, 0.010% dated 9/30/21 to be repurchased at $49,700,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $50,694,031. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
At 9/30/21, the aggregate value of securities on loan is $5,032,341. See Note 4 in the Notes to financial statements for additional information about securities lending collateral.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation | ) | ||||||||
| $ | 2,935,879 | EUR | 2,471,223 | AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED | 10/25/21 | $ | 71,947 | ||||||||
| $ | 9,957,666 | EUR | 8,429,920 | CITIBANK N.A. | 10/25/21 | 188,121 | |||||||||
| Total | $ | 260,068 | |||||||||||||
| Abbreviation(s): |
| EUR Euro |
| 40 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments (unaudited)
Core Plus Bond Fund ■ September 30, 2021
| Principal | Issuer | Value | %
of net assets | ||||||||||
| BANK LOAN OBLIGATIONS | |||||||||||||
| AUTOMOBILES & COMPONENTS | $ | 2,554,008 | 0.0 | % | |||||||||
| CAPITAL GOODS | 6,076,965 | 0.1 | |||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | 21,896,997 | 0.4 | |||||||||||
| CONSUMER DURABLES & APPAREL | 2,493,636 | 0.0 | |||||||||||
| CONSUMER SERVICES | 16,087,895 | 0.3 | |||||||||||
| DIVERSIFIED FINANCIALS | 737,628 | 0.0 | |||||||||||
| ENERGY | 1,932,488 | 0.0 | |||||||||||
| FOOD, BEVERAGE & TOBACCO | 6,399,761 | 0.1 | |||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | 16,835,677 | 0.3 | |||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | 2,873,337 | 0.1 | |||||||||||
| INSURANCE | 5,407,513 | 0.1 | |||||||||||
| MATERIALS | 9,206,374 | 0.2 | |||||||||||
| MEDIA & ENTERTAINMENT | 23,505,145 | 0.4 | |||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 10,501,548 | 0.2 | |||||||||||
| REAL ESTATE | 1,227,765 | 0.0 | |||||||||||
| RETAILING | 5,481,136 | 0.1 | |||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 665,149 | 0.0 | |||||||||||
| SOFTWARE & SERVICES | 11,001,229 | 0.2 | |||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | 4,948,714 | 0.1 | |||||||||||
| TELECOMMUNICATION SERVICES | 4,561,035 | 0.1 | |||||||||||
| TRANSPORTATION | 6,364,887 | 0.1 | |||||||||||
| UTILITIES | 8,523,024 | 0.1 | |||||||||||
| TOTAL BANK LOAN OBLIGATIONS (Cost $169,224,394) | 169,281,911 | 2.9 | |||||||||||
| BONDS | |||||||||||||
| CORPORATE BONDS | |||||||||||||
| AUTOMOBILES & COMPONENTS | 36,635,895 | 0.6 | |||||||||||
| BANKS | |||||||||||||
| Bank of America Corp | |||||||||||||
| $ | 22,600,000 | 2.592%, 04/29/31 | 23,066,192 | 0.4 | |||||||||
| Citigroup, Inc | |||||||||||||
| 55,480,000 | 2.572%–6.300%, 03/26/25–03/12/70 | 59,776,599 | 1.0 | ||||||||||
| JPMorgan Chase & Co | |||||||||||||
| 58,985,000 | 1.953%–6.100%, 05/18/23–09/01/70 | 61,769,696 | 1.1 | ||||||||||
| Other | 332,651,220 | 5.8 | |||||||||||
| 477,263,707 | 8.3 | ||||||||||||
| CAPITAL GOODS | 85,800,219 | 1.5 | |||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | 34,859,409 | 0.6 | |||||||||||
| CONSUMER DURABLES & APPAREL | 12,447,467 | 0.2 | |||||||||||
| CONSUMER SERVICES | 37,346,128 | 0.6 | |||||||||||
| Principal | Issuer | Value | %
of net assets | ||||||||||
| DIVERSIFIED FINANCIALS | |||||||||||||
| GE Capital International Funding Co | |||||||||||||
| $ | 18,225,000 | 4.418%, 11/15/35 | $ | 21,870,953 | 0.4 | % | |||||||
| Other | 278,238,748 | 4.8 | |||||||||||
| 300,109,701 | 5.2 | ||||||||||||
| ENERGY | 262,499,504 | 4.5 | |||||||||||
| FOOD & STAPLES RETAILING | 10,097,550 | 0.2 | |||||||||||
| FOOD, BEVERAGE & TOBACCO | 89,391,726 | 1.6 | |||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | 106,701,543 | 1.9 | |||||||||||
| INSURANCE | 57,750,724 | 1.0 | |||||||||||
| MATERIALS | 131,260,544 | 2.3 | |||||||||||
| MEDIA & ENTERTAINMENT | 174,202,796 | 3.0 | |||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 72,919,944 | 1.3 | |||||||||||
| REAL ESTATE | 97,961,437 | 1.7 | |||||||||||
| RETAILING | 44,867,309 | 0.8 | |||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 22,939,212 | 0.4 | |||||||||||
| SOFTWARE & SERVICES | 36,016,712 | 0.6 | |||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | 35,424,638 | 0.6 | |||||||||||
| TELECOMMUNICATION SERVICES | 163,358,896 | 2.8 | |||||||||||
| TRANSPORTATION | 36,409,373 | 0.6 | |||||||||||
| UTILITIES | 218,580,514 | 3.8 | |||||||||||
| TOTAL CORPORATE BONDS (Cost $2,451,766,627) | 2,544,844,948 | 44.1 | |||||||||||
| GOVERNMENT BONDS | |||||||||||||
| FOREIGN GOVERNMENT BONDS | 213,662,760 | 3.7 | |||||||||||
| MORTGAGE BACKED | |||||||||||||
| Federal Home Loan Mortgage Corp (FHLMC) | |||||||||||||
| 52,589,899 | 3.000%, 11/01/49 | 55,909,009 | 1.0 | ||||||||||
| Federal National Mortgage Association (FNMA) | |||||||||||||
| 37,000,000 | h | 2.500%, 10/25/32 | 38,545,039 | 0.7 | |||||||||
| 59,900,000 | 2.000%, 10/25/35 | 61,689,980 | 1.1 | ||||||||||
| 16,832,905 | 3.000%, 11/01/46 | 17,793,112 | 0.3 | ||||||||||
| 16,249,221 | 4.000%, 09/01/47 | 17,518,381 | 0.3 | ||||||||||
| 95,010,000 | 2.000%, 10/25/51 | 95,266,082 | 1.6 | ||||||||||
| 59,535,000 | 2.500%, 10/25/51 | 61,383,841 | 1.1 | ||||||||||
| 99,490,000 | h | 2.000%, 11/25/51 | 99,579,386 | 1.7 | |||||||||
| 147,135,000 | h | 2.500%, 11/25/51 | 151,416,858 | 2.6 | |||||||||
| 62,250,000 | h | 3.000%, 11/25/51 | 65,055,164 | 1.1 | |||||||||
| 221,942,291 | 1.500%–9.000%, 07/01/22–02/25/51 | 214,723,127 | 3.7 | ||||||||||
| Government National Mortgage Association (GNMA) | |||||||||||||
| 28,740,000 | 3.000%, 10/20/46 | 30,026,564 | 0.5 | ||||||||||
| 27,400,000 | h | 3.000%, 11/20/47 | 28,578,414 | 0.5 | |||||||||
| 19,450,000 | 2.000%, 10/20/51 | 19,730,354 | 0.3 | ||||||||||
| 105,000,000 | h | 2.500%, 10/20/51 | 108,391,993 | 1.9 | |||||||||
| 20,700,000 | h | 2.000%, 11/20/51 | 20,958,750 | 0.4 | |||||||||
| Other | 110,751,310 | 1.9 | |||||||||||
| 1,197,317,364 | 20.7 | ||||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 41 |
| Summary portfolio of investments (unaudited) | continued |
Core Plus Bond Fund ■ September 30, 2021
| Principal | Issuer | Value | %
of net assets | |||||||||||
| MUNICIPAL BONDS | $ | 130,453,744 | 2.3 | % | ||||||||||
| U.S. TREASURY SECURITIES | ||||||||||||||
| United States Treasury Note | ||||||||||||||
| $ | 19,715,000 | 0.125%, 01/31/23 | 19,704,988 | 0.3 | ||||||||||
| 89,605,000 | 0.375%, 07/15/24 | 89,359,986 | 1.6 | |||||||||||
| 22,630,000 | 2.250%, 05/15/41 | 23,531,664 | 0.4 | |||||||||||
| 21,250,000 | 1.750%, 08/15/41 | 20,313,672 | 0.4 | |||||||||||
| 98,174,000 | 1.250%, 05/15/50 | 80,314,769 | 1.4 | |||||||||||
| 28,475,000 | 2.375%, 05/15/51 | 30,388,164 | 0.5 | |||||||||||
| 62,716,400 | 2.000%, 08/15/51 | 61,609,064 | 1.1 | |||||||||||
| Other | 36,869,468 | 0.6 | ||||||||||||
| 362,091,775 | 6.3 | |||||||||||||
| TOTAL GOVERNMENT BONDS (Cost $1,901,593,006) | 1,903,525,643 | 33.0 | ||||||||||||
| STRUCTURED ASSETS | ||||||||||||||
| ASSET BACKED | 460,497,294 | 8.0 | ||||||||||||
| OTHER MORTGAGE BACKED | ||||||||||||||
| COMM Mortgage Trust Series–2012 CR2 (Class A3) | ||||||||||||||
| 18,588,229 | g | 2.841%, 08/15/45 | 18,684,142 | 0.3 | ||||||||||
| Other | 469,748,170 | 8.1 | ||||||||||||
| 488,432,312 | 8.4 | |||||||||||||
| TOTAL STRUCTURED ASSETS (Cost $937,628,794) | 948,929,606 | 16.4 | ||||||||||||
| TOTAL BONDS (Cost $5,290,988,427) | 5,397,300,197 | 93.5 | ||||||||||||
| Shares | Company | |||||||||||||
| COMMON STOCKS | ||||||||||||||
| ENERGY | 15 | 0.0 | ||||||||||||
| MATERIALS | 653,864 | 0.0 | ||||||||||||
| REAL ESTATE | 11,079 | 0.0 | ||||||||||||
| TOTAL COMMON STOCKS (Cost $1,019,745) | 664,958 | 0.0 | ||||||||||||
| PREFERRED STOCKS | ||||||||||||||
| BANKS | 14,602,380 | 0.2 | ||||||||||||
| DIVERSIFIED FINANCIALS | 4,055,616 | 0.1 | ||||||||||||
| TOTAL PREFERRED STOCKS (Cost $17,314,409) | 18,657,996 | 0.3 | ||||||||||||
| Principal | Issuer | |||||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| GOVERNMENT AGENCY DEBT | ||||||||||||||
| Federal Agricultural Mortgage Corp (FAMC) | ||||||||||||||
| $ | 50,000,000 | 0.000%, 10/21/21 | 49,999,444 | 0.9 | ||||||||||
| 25,000,000 | 0.000%, 12/16/21 | 24,997,890 | 0.5 | |||||||||||
| Federal Farm Credit Bank (FFCB) | ||||||||||||||
| 19,990,000 | 0.000%, 02/16/22 | 19,986,170 | 0.3 | |||||||||||
| 20,000,000 | 0.000%, 02/25/22 | 19,995,918 | 0.3 | |||||||||||
| 79,500,000 | 0.000%–0.000%, 12/28/21–07/25/22 | 79,479,354 | 1.4 | |||||||||||
| Principal | Issuer | Value | %
of net assets | |||||||||||
| GOVERNMENT AGENCY DEBT—continued | ||||||||||||||
| Federal Home Loan Bank (FHLB) | ||||||||||||||
| $ | 35,344,000 | 0.000%, 10/06/21 | $ | 35,343,902 | 0.6 | % | ||||||||
| 51,387,000 | 0.000%, 10/08/21 | 51,386,800 | 0.9 | |||||||||||
| 59,168,000 | 0.000%, 10/13/21 | 59,167,605 | 1.0 | |||||||||||
| 129,595,000 | 0.000%, 10/20/21 | 129,593,633 | 2.2 | |||||||||||
| 22,834,000 | 0.000%, 10/22/21 | 22,833,733 | 0.4 | |||||||||||
| 40,600,000 | 0.000%, 10/27/21 | 40,599,414 | 0.7 | |||||||||||
| 20,000,000 | 0.000%, 10/29/21 | 19,999,689 | 0.4 | |||||||||||
| 25,000,000 | 0.000%, 11/03/21 | 24,999,083 | 0.4 | |||||||||||
| 39,071,000 | 0.000%, 11/05/21 | 39,069,481 | 0.7 | |||||||||||
| 30,161,000 | 0.000%, 11/12/21 | 30,159,593 | 0.5 | |||||||||||
| 18,000,000 | 0.000%, 11/17/21 | 17,999,060 | 0.3 | |||||||||||
| 21,500,000 | 0.000%, 12/08/21 | 21,498,376 | 0.4 | |||||||||||
| 25,000,000 | 0.000%, 12/22/21 | 24,997,723 | 0.4 | |||||||||||
| 25,000,000 | 0.000%, 01/03/22 | 24,997,389 | 0.4 | |||||||||||
| 25,000,000 | 0.000%, 01/19/22 | 24,996,945 | 0.4 | |||||||||||
| 50,000,000 | 0.045%, 02/14/22 | 49,993,145 | 0.9 | |||||||||||
| 25,000,000 | 0.000%, 02/22/22 | 24,995,002 | 0.4 | |||||||||||
| 20,000,000 | 0.000%, 05/05/22 | 19,992,889 | 0.4 | |||||||||||
| 20,000,000 | 0.000%, 08/03/22 | 19,986,589 | 0.4 | |||||||||||
| Other | 47,190,772 | 0.8 | ||||||||||||
| 924,259,599 | 16.0 | |||||||||||||
| REPURCHASE AGREEMENT | ||||||||||||||
| Fixed Income Clearing Corp (FICC) | ||||||||||||||
| 40,170,000 | r | 0.010%, 10/01/21 | 40,170,000 | 0.7 | ||||||||||
| 40,170,000 | 0.7 | |||||||||||||
| TREASURY DEBT | ||||||||||||||
| United States Treasury Bill | ||||||||||||||
| 27,695,000 | 0.000%, 10/07/21 | 27,694,827 | 0.5 | |||||||||||
| Other | 14,834,162 | 0.2 | ||||||||||||
| 42,528,989 | 0.7 | |||||||||||||
| Shares | Company | |||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | ||||||||||||||
| 13,678,548 | c | State Street Navigator Securities Lending Government Money Market Portfolio 0.030% | 13,678,548 | 0.3 | ||||||||||
| 13,678,548 | 0.3 | |||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $1,020,611,827) |
1,020,637,136 | 17.7 | ||||||||||||
| TOTAL PORTFOLIO (Cost $6,499,158,802) |
6,606,542,198 | 114.4 | ||||||||||||
| OTHER ASSETS & LIABILITIES, NET | (831,220,253 | ) | (14.4 | ) | ||||||||||
| NET ASSETS | $ | 5,775,321,945 | 100.0 | % | ||||||||||
| 42 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | concluded |
Core Plus Bond Fund ■ September 30, 2021
| c | Investments made with cash collateral received from securities on loan. |
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities, including those in “Other,” is $1,683,600,992 or 29.2% of net assets. |
| h | All or a portion of these securities were purchased on a delayed delivery basis. |
| r | Agreement with Fixed Income Clearing Corporation, 0.010% dated 9/30/21 to be repurchased at $40,170,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $40,973,511. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
At 9/30/21, the aggregate value of securities on loan is $13,363,822. See Note 4 in the Notes to financial statements for additional information about securities lending collateral.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
Forward foreign currency contracts outstanding as of March 31, 2021 were as follows:
| Currency to be purchased |
Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation |
) | ||||||||
| $ | 1,978,968 | EUR | 1,675,347 | Citibank N.A. | 10/25/21 | $ | 37,387 | ||||||||
Abbreviation(s):
| EUR Euro |
Centrally cleared credit default swap contracts outstanding as of September 30, 2021 were as follows:
PURCHASED
| Reference entity | Terms of payments to be paid | Terms of payments to be received | Counterparty | Fixed rate payment frequency | Maturity date | Notional amount* | Value | Premiums paid (received | ) | Variation
margin | Unrealized appreciation (depreciation | ) | |||||||||||||||
| CDX-NAHYS37V1-5Y | 5.000% | Credit event as specified in contract | Citigroup Global Markets, Inc | Quarterly | 12/20/26 | 110,000,000 | $(10,174,401 | ) | $ | (10,696,858 | ) | $227,380 | $522,457 | ||||||||||||||
| * | The maximum potential amount the Account could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs is defined under the terms of that particular swap agreement. This amount may be reduced by any recoverable assets, if applicable. |
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 43 |
Summary portfolio of investments (unaudited)
5–15 Year Laddered Tax-Exempt Bond Fund ■ September 30, 2021
| Principal | Issuer | Value | % of net assets | |||||||||||
| LONG-TERM MUNICIPAL BONDS | ||||||||||||||
| ALABAMA | ||||||||||||||
| Lower Alabama Gas District | ||||||||||||||
| $ | 2,900,000 | 4.000%, 12/01/50 | $ | 3,266,182 | 1.2 | % | ||||||||
| Other | 3,221,981 | 1.1 | ||||||||||||
| 6,488,163 | 2.3 | |||||||||||||
| ALASKA | ||||||||||||||
| Borough of Matanuska-Susitna AK | ||||||||||||||
| 2,570,000 | 5.000%, 09/01/25 | 2,977,171 | 1.0 | |||||||||||
| Other | 589,160 | 0.2 | ||||||||||||
| 3,566,331 | 1.2 | |||||||||||||
| ARIZONA | ||||||||||||||
| Chandler Industrial Development Authority | ||||||||||||||
| 2,000,000 | 5.000%, 06/01/49 | 2,233,793 | 0.8 | |||||||||||
| Other | 223,800 | 0.0 | ||||||||||||
| 2,457,593 | 0.8 | |||||||||||||
| ARKANSAS | 1,251,331 | 0.4 | ||||||||||||
| CALIFORNIA | ||||||||||||||
| California Health Facilities Financing Authority | ||||||||||||||
| 1,510,000 | 5.000%, 09/01/33 | 1,836,971 | 0.6 | |||||||||||
| City of Los Angeles Department of Airports | ||||||||||||||
| 2,000,000 | 5.000%, 05/15/27 | 2,370,902 | 0.8 | |||||||||||
| San Francisco City & County Airport Comm-San Francisco International Airport | ||||||||||||||
| 1,405,000 | 5.000%, 05/01/31 | 1,846,701 | 0.7 | |||||||||||
| Other | 6,837,161 | 2.4 | ||||||||||||
| 12,891,735 | 4.5 | |||||||||||||
| COLORADO | ||||||||||||||
| City & County of Denver CO Airport System Revenue | ||||||||||||||
| 1,500,000 | 5.000%, 11/15/30 | 1,836,001 | 0.7 | |||||||||||
| Other | 2,645,025 | 0.9 | ||||||||||||
| 4,481,026 | 1.6 | |||||||||||||
| CONNECTICUT | ||||||||||||||
| City of Bridgeport CT | ||||||||||||||
| 1,900,000 | 5.000%, 06/01/34 | 2,404,159 | 0.9 | |||||||||||
| University of Connecticut | ||||||||||||||
| 2,000,000 | 5.000%, 03/15/28 | 2,374,220 | 0.8 | |||||||||||
| Other | 7,516,932 | 2.6 | ||||||||||||
| 12,295,311 | 4.3 | |||||||||||||
| DISTRICT OF COLUMBIA | ||||||||||||||
| Metropolitan Washington Airports Authority Aviation Revenue | ||||||||||||||
| 2,680,000 | 5.000%, 10/01/28 | 3,372,509 | 1.2 | |||||||||||
| 3,800,000 | 5.000%, 10/01/32 | 4,977,771 | 1.7 | |||||||||||
| Other | 1,160,851 | 0.4 | ||||||||||||
| 9,511,131 | 3.3 | |||||||||||||
| FLORIDA | ||||||||||||||
| County of Miami-Dade FL Aviation Revenue | ||||||||||||||
| 1,500,000 | 4.000%, 10/01/36 | 1,773,044 | 0.6 | |||||||||||
| Escambia County Health Facilities Authority | ||||||||||||||
| 3,000,000 | 5.000%, 08/15/32 | 3,811,296 | 1.3 | |||||||||||
| Principal | Issuer | Value | % of net assets | |||||||||||
| FLORIDA—continued | ||||||||||||||
| Miami-Dade County Expressway Authority | ||||||||||||||
| $ | 1,375,000 | 5.000%, 07/01/31 | $ | 1,630,790 | 0.6 | % | ||||||||
| Port St. Lucie Community Redevelopment Agency | ||||||||||||||
| 2,180,000 | 5.000%, 01/01/26 | 2,556,535 | 0.9 | |||||||||||
| Other | 7,786,813 | 2.7 | ||||||||||||
| 17,558,478 | 6.1 | |||||||||||||
| GEORGIA | ||||||||||||||
| Municipal Electric Authority of Georgia | ||||||||||||||
| 2,500,000 | 5.000%, 01/01/62 | 3,034,839 | 1.1 | |||||||||||
| Other | 9,007,312 | 3.1 | ||||||||||||
| 12,042,151 | 4.2 | |||||||||||||
| GUAM | 476,240 | 0.2 | ||||||||||||
| HAWAII | 3,973,618 | 1.4 | ||||||||||||
| ILLINOIS | ||||||||||||||
| Chicago Board of Education | ||||||||||||||
| 1,500,000 | 5.000%, 12/01/26 | 1,791,903 | 0.6 | |||||||||||
| Chicago Midway International Airport | ||||||||||||||
| 2,000,000 | 5.000%, 01/01/26 | 2,350,931 | 0.8 | |||||||||||
| City of Chicago IL | ||||||||||||||
| 3,250,000 | 5.000%, 01/01/28 | 3,966,200 | 1.4 | |||||||||||
| City of Chicago IL, GO | ||||||||||||||
| 1,500,000 | 5.500%, 01/01/35 | 1,691,323 | 0.6 | |||||||||||
| County of Cook IL | ||||||||||||||
| 1,750,000 | 5.000%, 11/15/31 | 2,078,948 | 0.7 | |||||||||||
| Metropolitan Water Reclamation District of Greater Chicago | ||||||||||||||
| 2,000,000 | 5.000%, 12/01/30 | 2,428,837 | 0.9 | |||||||||||
| Sales Tax Securitization Corp | ||||||||||||||
| 1,500,000 | 5.000%, 01/01/30 | 1,835,420 | 0.6 | |||||||||||
| State of Illinois | ||||||||||||||
| 2,000,000 | 5.000%, 06/01/28 | 2,341,223 | 0.8 | |||||||||||
| 1,500,000 | 5.000%, 03/01/37 | 1,870,858 | 0.7 | |||||||||||
| Other | 15,144,174 | 5.3 | ||||||||||||
| 35,499,817 | 12.4 | |||||||||||||
| INDIANA | ||||||||||||||
| City of Whiting IN | ||||||||||||||
| 1,365,000 | 5.000%, 12/01/44 | 1,630,694 | 0.6 | |||||||||||
| 1,630,694 | 0.6 | |||||||||||||
| IOWA | 586,112 | 0.2 | ||||||||||||
| KENTUCKY | ||||||||||||||
| Kentucky Turnpike Authority | ||||||||||||||
| 2,000,000 | 5.000%, 07/01/26 | 2,395,684 | 0.8 | |||||||||||
| Other | 2,987,229 | 1.1 | ||||||||||||
| 5,382,913 | 1.9 | |||||||||||||
| LOUISIANA | 4,841,386 | 1.7 | ||||||||||||
| MAINE | 412,500 | 0.1 | ||||||||||||
| MARYLAND | ||||||||||||||
| County of Baltimore MD | ||||||||||||||
| 2,000,000 | 4.000%, 01/01/29 | 2,362,355 | 0.8 | |||||||||||
| 2,362,355 | 0.8 | |||||||||||||
| 44 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | continued |
5–15 Year Laddered Tax-Exempt Bond Fund ■ September 30, 2021
| Principal | Issuer | Value | % of net assets | |||||||||||
| MASSACHUSETTS | ||||||||||||||
| University of Massachusetts Building Authority | ||||||||||||||
| $ | 2,100,000 | 5.000%, 11/01/29 | $ | 2,747,213 | 1.0 | % | ||||||||
| Other | 601,867 | 0.2 | ||||||||||||
| 3,349,080 | 1.2 | |||||||||||||
| MICHIGAN | ||||||||||||||
| Michigan Finance Authority | ||||||||||||||
| 2,000,000 | 5.000%, 04/01/25 | 2,306,221 | 0.8 | |||||||||||
| 2,000,000 | 5.000%, 11/15/28 | 2,409,140 | 0.9 | |||||||||||
| 1,650,000 | 5.000%, 07/01/44 | 1,709,545 | 0.6 | |||||||||||
| State of Michigan Trunk Line Revenue | ||||||||||||||
| 1,750,000 | 5.000%, 11/15/30 | 2,334,897 | 0.8 | |||||||||||
| Other | 2,660,362 | 0.9 | ||||||||||||
| 11,420,165 | 4.0 | |||||||||||||
| MINNESOTA | 2,566,955 | 0.9 | ||||||||||||
| MISSISSIPPI | 3,636,861 | 1.3 | ||||||||||||
| MISSOURI | ||||||||||||||
| St. Louis Municipal Finance Corp | ||||||||||||||
| 1,745,000 | 5.000%, 02/15/26 | 2,059,217 | 0.7 | |||||||||||
| Other | 3,728,453 | 1.3 | ||||||||||||
| 5,787,670 | 2.0 | |||||||||||||
| NEBRASKA | 264,289 | 0.1 | ||||||||||||
| NEVADA | 1,181,590 | 0.4 | ||||||||||||
| NEW HAMPSHIRE | 163,523 | 0.1 | ||||||||||||
| NEW JERSEY | ||||||||||||||
| New Jersey Economic Development Authority | ||||||||||||||
| 2,500,000 | 5.000%, 11/01/35 | 3,129,437 | 1.1 | |||||||||||
| New Jersey Transportation Trust Fund Authority | ||||||||||||||
| 4,000,000 | 5.000%, 06/15/34 | 4,954,072 | 1.7 | |||||||||||
| Other | 9,261,937 | 3.2 | ||||||||||||
| 17,345,446 | 6.0 | |||||||||||||
| NEW YORK | ||||||||||||||
| New York State Dormitory Authority | ||||||||||||||
| 1,750,000 | 5.000%, 07/01/33 | 2,154,278 | 0.8 | |||||||||||
| Port Authority of New York & New Jersey | ||||||||||||||
| 1,500,000 | 5.000%, 07/15/31 | 1,931,646 | 0.6 | |||||||||||
| 1,625,000 | 4.000%, 07/15/36 | 1,918,953 | 0.7 | |||||||||||
| Other | 11,539,827 | 4.0 | ||||||||||||
| 17,544,704 | 6.1 | |||||||||||||
| NORTH CAROLINA | ||||||||||||||
| County of Duplin NC | ||||||||||||||
| 1,355,000 | 5.000%, 04/01/27 | 1,595,679 | 0.6 | |||||||||||
| Other | 4,403,163 | 1.5 | ||||||||||||
| 5,998,842 | 2.1 | |||||||||||||
| NORTH DAKOTA | 1,052,204 | 0.4 | ||||||||||||
| OHIO | ||||||||||||||
| County of Miami OH | ||||||||||||||
| 1,500,000 | 5.000%, 08/01/32 | 1,870,262 | 0.6 | |||||||||||
| Other | 6,204,116 | 2.2 | ||||||||||||
| 8,074,378 | 2.8 | |||||||||||||
| Principal | Issuer | Value | % of net assets | |||||||||||
| OKLAHOMA | ||||||||||||||
| Oklahoma Development Finance Authority | ||||||||||||||
| $ | 1,500,000 | 5.250%, 08/15/48 | $ | 1,807,922 | 0.6 | % | ||||||||
| Other | 924,529 | 0.3 | ||||||||||||
| 2,732,451 | 0.9 | |||||||||||||
| OREGON | 2,231,513 | 0.8 | ||||||||||||
| PENNSYLVANIA | ||||||||||||||
| School District of the City of Erie | ||||||||||||||
| 1,500,000 | 5.000%, 04/01/28 | 1,851,497 | 0.6 | |||||||||||
| Other | 7,953,345 | 2.8 | ||||||||||||
| 9,804,842 | 3.4 | |||||||||||||
| RHODE ISLAND | 1,012,405 | 0.3 | ||||||||||||
| SOUTH CAROLINA | 2,496,481 | 0.9 | ||||||||||||
| TENNESSEE | ||||||||||||||
| Metropolitan Nashville Airport Authority | ||||||||||||||
| 2,305,000 | 5.000%, 07/01/35 | 2,900,223 | 1.0 | |||||||||||
| Other | 846,144 | 0.3 | ||||||||||||
| 3,746,367 | 1.3 | |||||||||||||
| TEXAS | ||||||||||||||
| City of El Paso TX Airport Revenue | ||||||||||||||
| 2,000,000 | 5.000%, 08/15/28 | 2,502,508 | 0.9 | |||||||||||
| City of Houston TX | ||||||||||||||
| 1,970,000 | 5.000%, 03/01/32 | 2,370,974 | 0.8 | |||||||||||
| City of Houston TX Combined Utility System Revenue | ||||||||||||||
| 3,000,000 | 5.000%, 11/15/29 | 3,911,345 | 1.4 | |||||||||||
| Texas Private Activity Bond Surface Transportation Corp | ||||||||||||||
| 2,500,000 | 5.000%, 12/31/35 | 3,127,525 | 1.1 | |||||||||||
| Other | 15,238,630 | 5.3 | ||||||||||||
| 27,150,982 | 9.5 | |||||||||||||
| UTAH | 3,030,016 | 1.0 | ||||||||||||
| VIRGIN ISLANDS | ||||||||||||||
| Virgin Islands Public Finance Authority | ||||||||||||||
| 2,000,000 | g | 5.000%, 09/01/25 | 2,278,770 | 0.8 | ||||||||||
| 2,500,000 | g | 5.000%, 09/01/33 | 2,822,965 | 1.0 | ||||||||||
| 5,101,735 | 1.8 | |||||||||||||
| WASHINGTON | 1,825,456 | 0.6 | ||||||||||||
| WEST VIRGINIA | 3,681,572 | 1.3 | ||||||||||||
| TOTAL LONG-TERM MUNICIPAL BONDS (Cost $265,769,751) | 278,908,412 | 97.2 | ||||||||||||
| TOTAL PORTFOLIO (Cost $265,769,751) | 278,908,412 | 97.2 | ||||||||||||
| OTHER ASSETS & LIABILITIES, NET | 7,893,548 | 2.8 | ||||||||||||
| NET ASSETS | $ | 286,801,960 | 100.0 | % | ||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 45 |
| Summary portfolio of investments (unaudited) | concluded |
5–15 Year Laddered Tax-Exempt Bond Fund ■ September 30, 2021
Abbreviation(s):
| GO | General Obligation |
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities, including those in “Other,” is $7,392,026 or 2.6% of net assets. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| 46 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments (unaudited)
Green Bond Fund ■ September 30, 2021
| Principal | Issuer | Value | % of net assets | |||||||||||
| BANK LOAN OBLIGATIONS | ||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | ||||||||||||||
| LTR Intermediate Holdings, Inc | ||||||||||||||
| $ | 500,000 | i | 5.500%, 05/05/28, LIBOR 1 M + 4.500% | $ | 498,750 | 0.9 | % | |||||||
| 498,750 | 0.9 | |||||||||||||
| UTILITIES | ||||||||||||||
| Exgen Renewables IV LLC | ||||||||||||||
| 488,748 | i | 3.500%, 12/15/27, LIBOR 3 M + 2.500% | 488,137 | 0.9 | ||||||||||
| 488,137 | 0.9 | |||||||||||||
| TOTAL BANK LOAN OBLIGATIONS (Cost $981,541) | 986,887 | 1.8 | ||||||||||||
| BONDS | ||||||||||||||
| CORPORATE BONDS | ||||||||||||||
| AUTOMOBILES & COMPONENTS | ||||||||||||||
| Denso Corp | ||||||||||||||
| 550,000 | g | 1.239%, 09/16/26 | 545,994 | 1.0 | ||||||||||
| Hyundai Capital Services, Inc | ||||||||||||||
| 350,000 | g | 1.250%, 02/08/26 | 344,612 | 0.6 | ||||||||||
| Other | 257,113 | 0.5 | ||||||||||||
| 1,147,719 | 2.1 | |||||||||||||
| BANKS | ||||||||||||||
| Bank of America Corp | ||||||||||||||
| 475,000 | 2.456%, 10/22/25 | 496,152 | 0.9 | |||||||||||
| Citigroup, Inc | ||||||||||||||
| 500,000 | 1.678%, 05/15/24 | 509,726 | 0.9 | |||||||||||
| ING Groep NV | ||||||||||||||
| 450,000 | g | 1.400%, 07/01/26 | 451,147 | 0.8 | ||||||||||
| Other | 1,711,191 | 3.1 | ||||||||||||
| 3,168,216 | 5.7 | |||||||||||||
| CAPITAL GOODS | 619,146 | 1.1 | ||||||||||||
| CONSUMER DURABLES & APPAREL | 249,954 | 0.4 | ||||||||||||
| CONSUMER SERVICES | ||||||||||||||
| Nature Conservancy | ||||||||||||||
| 500,000 | 1.511%, 07/01/29 | 486,231 | 0.9 | |||||||||||
| Other | 525,093 | 0.9 | ||||||||||||
| 1,011,324 | 1.8 | |||||||||||||
| DIVERSIFIED FINANCIALS | 131,123 | 0.2 | ||||||||||||
| ENERGY | 533,500 | 1.0 | ||||||||||||
| FOOD & STAPLES RETAILING | 253,751 | 0.5 | ||||||||||||
| FOOD, BEVERAGE & TOBACCO | 529,166 | 1.0 | ||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | 259,017 | 0.5 | ||||||||||||
| MATERIALS | ||||||||||||||
| Inversiones CMPC S.A. | ||||||||||||||
| 525,000 | g | 4.375%, 04/04/27 | 579,338 | 1.0 | ||||||||||
| LG Chem Ltd | ||||||||||||||
| 500,000 | g | 3.625%, 04/15/29 | 547,562 | 1.0 | ||||||||||
| Other | 283,127 | 0.5 | ||||||||||||
| 1,410,027 | 2.5 | |||||||||||||
| Principal | Issuer | Value | % of net assets | |||||||||||
| MEDIA & ENTERTAINMENT | $ | 263,111 | 0.5 | % | ||||||||||
| REAL ESTATE | ||||||||||||||
| HAT Holdings I LLC | ||||||||||||||
| $ | 750,000 | 3.375%–6.000%, 04/15/25–09/15/30 | 767,500 | 1.4 | ||||||||||
| Vornado Realty LP | ||||||||||||||
| 550,000 | 2.150%–3.400%, 06/01/26–06/01/31 | 563,881 | 1.0 | |||||||||||
| Other | 1,022,318 | 1.9 | ||||||||||||
| 2,353,699 | 4.3 | |||||||||||||
| RETAILING | ||||||||||||||
| Walmart, Inc | ||||||||||||||
| 575,000 | 1.800%, 09/22/31 | 570,061 | 1.0 | |||||||||||
| 570,061 | 1.0 | |||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 538,285 | 1.0 | ||||||||||||
| SOFTWARE & SERVICES | 301,016 | 0.5 | ||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | ||||||||||||||
| Apple, Inc | ||||||||||||||
| 500,000 | 3.000%, 06/20/27 | 547,372 | 1.0 | |||||||||||
| Other | 543,515 | 1.0 | ||||||||||||
| 1,090,887 | 2.0 | |||||||||||||
| UTILITIES | ||||||||||||||
| AES Corp | ||||||||||||||
| 350,000 | 2.450%, 01/15/31 | 345,185 | 0.6 | |||||||||||
| Avangrid, Inc | ||||||||||||||
| 600,000 | 3.200%, 04/15/25 | 639,017 | 1.1 | |||||||||||
| Clearway Energy Operating LLC | ||||||||||||||
| 525,000 | 3.750%–4.750%, 03/15/28–02/15/31 | 543,142 | 1.0 | |||||||||||
| Duke Energy Florida LLC | ||||||||||||||
| 500,000 | 2.500%, 12/01/29 | 517,141 | 0.9 | |||||||||||
| Georgia Power Co | ||||||||||||||
| 500,000 | 3.250%, 04/01/26 | 535,941 | 1.0 | |||||||||||
| Liberty Utilities Finance GP | ||||||||||||||
| 500,000 | g | 2.050%, 09/15/30 | 483,768 | 0.9 | ||||||||||
| MidAmerican Energy Co | ||||||||||||||
| 600,000 | 3.650%, 08/01/48 | 673,196 | 1.2 | |||||||||||
| Niagara Mohawk Power Corp | ||||||||||||||
| 550,000 | g | 1.960%, 06/27/30 | 534,141 | 1.0 | ||||||||||
| PacifiCorp | ||||||||||||||
| 500,000 | 2.900%, 06/15/52 | 486,572 | 0.9 | |||||||||||
| Public Service Co of Colorado | ||||||||||||||
| 529,000 | 3.700%, 06/15/28 | 588,829 | 1.0 | |||||||||||
| San Diego Gas & Electric Co | ||||||||||||||
| 350,000 | 2.950%, 08/15/51 | 346,850 | 0.6 | |||||||||||
| Southwestern Public Service Co | ||||||||||||||
| 500,000 | 3.150%, 05/01/50 | 523,913 | 0.9 | |||||||||||
| Topaz Solar Farms LLC | ||||||||||||||
| 343,740 | g | 4.875%, 09/30/39 | 370,564 | 0.7 | ||||||||||
| Union Electric Co | ||||||||||||||
| 500,000 | 2.625%, 03/15/51 | 473,807 | 0.9 | |||||||||||
| Other | 4,799,584 | 8.7 | ||||||||||||
| 11,861,650 | 21.5 | |||||||||||||
| TOTAL CORPORATE BONDS (Cost $25,582,837) | 26,291,652 | 47.5 | ||||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 47 |
| Summary portfolio of investments (unaudited) | continued |
Green Bond Fund ■ September 30, 2021
| Principal | Issuer | Value | % of net assets | |||||||||||
| GOVERNMENT BONDS | ||||||||||||||
| AGENCY SECURITIES | ||||||||||||||
| United States International Development Finance Corp | ||||||||||||||
| $ | 731,987 | 1.050%–1.650%, 04/15/28–07/15/38 | $ | 735,567 | 1.3 | % | ||||||||
| Other | 483,409 | 0.9 | ||||||||||||
| 1,218,976 | 2.2 | |||||||||||||
| FOREIGN GOVERNMENT BONDS | ||||||||||||||
| African Development Bank | ||||||||||||||
| 625,000 | 3.000%, 12/06/21 | 628,106 | 1.1 | |||||||||||
| Asian Development Bank | ||||||||||||||
| 500,000 | 1.875%, 08/10/22 | 507,430 | 0.9 | |||||||||||
| 579,000 | 1.750%, 08/14/26 | 598,437 | 1.1 | |||||||||||
| 750,000 | 3.125%, 09/26/28 | 840,891 | 1.5 | |||||||||||
| European Investment Bank | ||||||||||||||
| 1,500,000 | 0.750%, 09/23/30 | 1,404,360 | 2.5 | |||||||||||
| International Bank for Reconstruction & Development | ||||||||||||||
| 500,000 | 2.125%, 03/03/25 | 523,999 | 0.9 | |||||||||||
| 500,000 | 3.125%, 11/20/25 | 547,366 | 1.0 | |||||||||||
| Perusahaan Penerbit SBSN Indonesia III | ||||||||||||||
| 550,000 | 3.750%–3.900%, 03/01/23–08/20/24 | 582,913 | 1.1 | |||||||||||
| Other | 2,245,318 | 4.1 | ||||||||||||
| 7,878,820 | 14.2 | |||||||||||||
| MORTGAGE BACKED | 488,545 | 0.9 | ||||||||||||
| MUNICIPAL BONDS | ||||||||||||||
| Grant County Public Utility District No 2 | ||||||||||||||
| 600,000 | 1.544%, 01/01/23 | 608,773 | 1.1 | |||||||||||
| Metropolitan Transportation Authority | ||||||||||||||
| 500,000 | 5.175%, 11/15/49 | 682,407 | 1.2 | |||||||||||
| Mount Shasta Public Financing Authority | ||||||||||||||
| 875,000 | 2.625%–3.000%, 08/01/35–08/01/39 | 920,353 | 1.7 | |||||||||||
| Ohio Air Quality Development Authority | ||||||||||||||
| 500,000 | g | 4.500%, 01/15/48 | 578,533 | 1.0 | ||||||||||
| State of California | ||||||||||||||
| 500,000 | i | 0.863%, 04/01/47, LIBOR 1 M + 0.780% | 500,201 | 0.9 | ||||||||||
| Warm Springs Reservation Confederated Tribe | ||||||||||||||
| 500,000 | g | 2.800%, 11/01/22 | 506,325 | 0.9 | ||||||||||
| Other | 1,835,072 | 3.4 | ||||||||||||
| 5,631,664 | 10.2 | |||||||||||||
| TOTAL GOVERNMENT BONDS (Cost $14,759,434) | 15,218,005 | 27.5 | ||||||||||||
| STRUCTURED ASSETS | ||||||||||||||
| ASSET BACKED | ||||||||||||||
| GoodLeap Sustainable Home Solutions Trust | ||||||||||||||
| Series–2021 4GS (Class A) | ||||||||||||||
| 350,000 | g | 1.930%, 07/20/48 | 347,031 | 0.6 | ||||||||||
| HERO Funding Trust | ||||||||||||||
| Series–2017 3A (Class A2) | ||||||||||||||
| 320,508 | g | 3.950%, 09/20/48 | 338,321 | 0.6 | ||||||||||
| 950,072 | g | 2.720%–4.460%, 09/20/41–09/20/57 | 983,243 | 1.8 | ||||||||||
| Principal | Issuer | Value | % of net assets | ||||||||||||
| ASSET BACKED—continued | |||||||||||||||
| Mosaic Solar Loan Trust | |||||||||||||||
| Series–2021 3A (Class A) | |||||||||||||||
| $ | 420,000 | g | 1.440%, 06/20/52 | $ | 411,050 | 0.7 | % | ||||||||
| 825,090 | †,g | 0.000%–2.100%, 04/20/46–12/20/46 | 786,585 | 1.5 | |||||||||||
| Sunrun Atlas Issuer LLC | |||||||||||||||
| Series–2019 2 (Class A) | |||||||||||||||
| 477,701 | g | 3.610%, 02/01/55 | 507,334 | 0.9 | |||||||||||
| Sunrun Callisto Issuer LLC | |||||||||||||||
| Series–2019 1A (Class A) | |||||||||||||||
| 410,547 | g | 3.980%, 06/30/54 | 438,347 | 0.8 | |||||||||||
| Tesla Auto Lease Trust | |||||||||||||||
| 1,344,421 | g | 0.560%–2.200%, 04/20/22–09/22/25 | 1,352,012 | 2.4 | |||||||||||
| Vivint Colar Financing V LLC | |||||||||||||||
| Series–2018 1A (Class B) | |||||||||||||||
| 576,817 | g | 7.370%, 04/30/48 | 610,129 | 1.1 | |||||||||||
| Other | 1,589,929 | 2.9 | |||||||||||||
| 7,363,981 | 13.3 | ||||||||||||||
| OTHER MORTGAGE BACKED | |||||||||||||||
| COMM Mortgage Trust | |||||||||||||||
| Series–2015 3BP (Class A) | |||||||||||||||
| 500,000 | g | 3.178%, 02/10/35 | 530,314 | 1.0 | |||||||||||
| CPT Mortgage Trust | |||||||||||||||
| Series–2019 CPT (Class A) | |||||||||||||||
| 500,000 | g | 2.865%, 11/13/39 | 527,059 | 1.0 | |||||||||||
| Manhattan West | |||||||||||||||
| Series–2020 1MW (Class B) | |||||||||||||||
| 500,000 | g,i | 2.413%, 09/10/39 | 507,938 | 0.9 | |||||||||||
| Natixis Commercial Mortgage Securities Trust | |||||||||||||||
| Series–2019 MILE (Class D) | |||||||||||||||
| 500,000 | g,i | 2.834%, 07/15/36, LIBOR 1 M + 2.750% | 499,851 | 0.9 | |||||||||||
| One Bryant Park Trust | |||||||||||||||
| Series–2019 OBP (Class A) | |||||||||||||||
| 500,000 | g | 2.516%, 09/15/54 | 514,594 | 0.9 | |||||||||||
| Other | 1,266,154 | 2.3 | |||||||||||||
| 3,845,910 | 7.0 | ||||||||||||||
| TOTAL STRUCTURED ASSETS (Cost $10,969,629) | 11,209,891 | 20.3 | |||||||||||||
| TOTAL BONDS (Cost $51,311,900) | 52,719,548 | 95.3 | |||||||||||||
| Shares | Company | ||||||||||||||
| PREFERRED STOCKS | |||||||||||||||
| REAL ESTATE | 487,100 | 0.9 | |||||||||||||
| UTILITIES | |||||||||||||||
| 20,000 | Brookfield Infrastructure Partners LP | 511,000 | 0.9 | ||||||||||||
| 16,000 | Brookfield Renewable Partners LP | 422,400 | 0.8 | ||||||||||||
| 933,400 | 1.7 | ||||||||||||||
| TOTAL PREFERRED STOCKS (Cost $1,400,000) | 1,420,500 | 2.6 | |||||||||||||
| 48 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | concluded |
Green Bond Fund ■ September 30, 2021
| Principal | Issuer | Value | % of net assets | |||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| REPURCHASE AGREEMENT | $ | 110,000 | 0.2 | % | ||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $110,000) | 110,000 | 0.2 | ||||||||||||
| TOTAL PORTFOLIO (Cost $53,803,441) | 55,236,935 | 99.9 | ||||||||||||
| OTHER ASSETS & LIABILITIES, NET | 43,906 | 0.1 | ||||||||||||
| NET ASSETS | $ | 55,280,841 | 100.0 | % | ||||||||||
Abbreviation(s):
| LIBOR | London Interbank Offered Rate |
| M | Month |
| † | Security is categorized as Level 3 in the fair value hierarchy. |
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities, including those in “Other,” is $25,158,818 or 45.5% 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. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 49 |
Summary portfolio of investments (unaudited)
High-Yield Fund ■ September 30, 2021
| Principal | Issuer | Value | % of net assets | |||||||||||
| BANK LOAN OBLIGATIONS | ||||||||||||||
| AUTOMOBILES & COMPONENTS | $ | 28,063,095 | 0.8 | % | ||||||||||
| CAPITAL GOODS | 9,164,433 | 0.2 | ||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | ||||||||||||||
| Spin Holdco, Inc | ||||||||||||||
| $ | 19,575,938 | i | 4.750%, 03/01/28, LIBOR 3 M + 4.000% | 19,622,724 | 0.5 | |||||||||
| Other | 32,051,783 | 0.9 | ||||||||||||
| 51,674,507 | 1.4 | |||||||||||||
| CONSUMER SERVICES | 21,782,903 | 0.6 | ||||||||||||
| ENERGY | 4,139,297 | 0.1 | ||||||||||||
| FOOD, BEVERAGE & TOBACCO | ||||||||||||||
| Triton Water Holdings, Inc | ||||||||||||||
| 19,629,000 | i | 4.000%, 03/31/28, LIBOR 3 M + 3.500% | 19,592,294 | 0.6 | ||||||||||
| Other | 8,080,038 | 0.2 | ||||||||||||
| 27,672,332 | 0.8 | |||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | ||||||||||||||
| RegionalCare Hospital Partners Holdings, Inc | ||||||||||||||
| 16,138,407 | i | 3.834%, 11/16/25, LIBOR 1 M + 3.750% | 16,108,228 | 0.4 | ||||||||||
| Surgery Center Holdings, Inc | ||||||||||||||
| 21,049,222 | i | 4.500%, 09/03/26, LIBOR 1 M + 3.750% | 21,069,639 | 0.6 | ||||||||||
| Verscend Holding Corp | ||||||||||||||
| 15,765,735 | i | 4.084%, 08/27/25, LIBOR 1 M + 4.000% | 15,778,820 | 0.4 | ||||||||||
| Other | 20,700,542 | 0.6 | ||||||||||||
| 73,657,229 | 2.0 | |||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | 7,252,371 | 0.2 | ||||||||||||
| INSURANCE | 21,094,025 | 0.6 | ||||||||||||
| MATERIALS | 8,298,763 | 0.2 | ||||||||||||
| MEDIA & ENTERTAINMENT | 46,936,019 | 1.3 | ||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||
| Jazz Financing Lux Sarl | ||||||||||||||
| 19,945,013 | i | 4.000%, 05/05/28, LIBOR 1 M + 3.500% | 19,967,550 | 0.5 | ||||||||||
| Other | 13,782,455 | 0.4 | ||||||||||||
| 33,750,005 | 0.9 | |||||||||||||
| REAL ESTATE | 4,332,893 | 0.1 | ||||||||||||
| RETAILING | 30,339,034 | 0.8 | ||||||||||||
| SOFTWARE & SERVICES | ||||||||||||||
| Dun & Bradstreet Corp | ||||||||||||||
| 21,800,325 | i | 3.336%, 02/06/26, LIBOR 1 M + 3.250% | 21,773,074 | 0.6 | ||||||||||
| Other | 61,173,471 | 1.7 | ||||||||||||
| 82,946,545 | 2.3 | |||||||||||||
| TELECOMMUNICATION SERVICES | 39,626,057 | 1.1 | ||||||||||||
| TRANSPORTATION | 12,827,574 | 0.3 | ||||||||||||
| TOTAL BANK LOAN OBLIGATIONS (Cost $501,039,866) | 503,557,082 | 13.7 | ||||||||||||
| BONDS | ||||||||||||||
| CORPORATE BONDS | ||||||||||||||
| AUTOMOBILES & COMPONENTS | ||||||||||||||
| Gates Global LLC | ||||||||||||||
| 22,075,000 | g | 6.250%, 01/15/26 | 22,902,812 | 0.6 | ||||||||||
| Principal | Issuer | Value | % of net assets | |||||||||||
| AUTOMOBILES & COMPONENTS—continued | ||||||||||||||
| Goodyear Tire & Rubber Co | ||||||||||||||
| $ | 15,000,000 | 5.250%, 04/30/31 | $ | 16,119,750 | 0.5 | % | ||||||||
| IHO Verwaltungs GmbH | ||||||||||||||
| 19,800,000 | g,o | 6.375%, 05/15/29 | 21,606,750 | 0.6 | ||||||||||
| Other | 63,068,398 | 1.7 | ||||||||||||
| 123,697,710 | 3.4 | |||||||||||||
| CAPITAL GOODS | 57,645,990 | 1.6 | ||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | ||||||||||||||
| Allied Universal Holdco LLC | ||||||||||||||
| 21,000,000 | g | 4.625%, 06/01/28 | 20,967,450 | 0.5 | ||||||||||
| Prime Security Services Borrower LLC | ||||||||||||||
| 25,075,000 | g | 5.750%, 04/15/26 | 27,125,142 | 0.7 | ||||||||||
| 18,100,000 | g | 6.250%, 01/15/28 | 18,711,418 | 0.5 | ||||||||||
| Other | 117,940,832 | 3.3 | ||||||||||||
| 184,744,842 | 5.0 | |||||||||||||
| CONSUMER DURABLES & APPAREL | ||||||||||||||
| Academy Ltd | ||||||||||||||
| 15,700,000 | g | 6.000%, 11/15/27 | 16,956,000 | 0.4 | ||||||||||
| Other | 28,764,175 | 0.8 | ||||||||||||
| 45,720,175 | 1.2 | |||||||||||||
| CONSUMER SERVICES | ||||||||||||||
| Carnival Corp | ||||||||||||||
| 23,825,000 | g | 5.750%, 03/01/27 | 24,629,094 | 0.7 | ||||||||||
| 16,845,000 | g | 4.000%, 08/01/28 | 17,013,450 | 0.5 | ||||||||||
| Life Time, Inc | ||||||||||||||
| 16,300,000 | g | 5.750%, 01/15/26 | 16,870,500 | 0.4 | ||||||||||
| Other | 104,102,243 | 2.8 | ||||||||||||
| 162,615,287 | 4.4 | |||||||||||||
| DIVERSIFIED FINANCIALS | ||||||||||||||
| Ford Motor Credit Co LLC | ||||||||||||||
| 20,400,000 | 4.063%, 11/01/24 | 21,450,396 | 0.6 | |||||||||||
| Icahn Enterprises LP | ||||||||||||||
| 35,075,000 | 4.375%–5.250%, 09/15/24–02/01/29 | 35,819,531 | 1.0 | |||||||||||
| Other | 128,035,121 | 3.5 | ||||||||||||
| 185,305,048 | 5.1 | |||||||||||||
| ENERGY | ||||||||||||||
| Antero Midstream Partners LP | ||||||||||||||
| 31,600,000 | 5.750%–7.875%, 05/15/26–01/15/28 | 33,212,740 | 1.0 | |||||||||||
| Ferrellgas Escrow LLC | ||||||||||||||
| 20,285,000 | g | 5.375%, 04/01/26 | 19,826,458 | 0.5 | ||||||||||
| 22,178,000 | g | 5.875%, 04/01/29 | 21,512,660 | 0.6 | ||||||||||
| MEG Energy Corp | ||||||||||||||
| 18,425,000 | g | 5.875%, 02/01/29 | 18,839,563 | 0.5 | ||||||||||
| Occidental Petroleum Corp | ||||||||||||||
| 13,775,000 | 5.875%, 09/01/25 | 15,438,331 | 0.4 | |||||||||||
| 17,875,000 | 6.375%, 09/01/28 | 20,913,750 | 0.6 | |||||||||||
| 11,800,000 | 8.875%, 07/15/30 | 16,029,474 | 0.4 | |||||||||||
| 46,130,000 | 3.000%–8.500%, 07/01/24–08/15/49 | 54,276,048 | 1.5 | |||||||||||
| Range Resources Corp | ||||||||||||||
| 15,000,000 | 9.250%, 02/01/26 | 16,350,750 | 0.4 | |||||||||||
| USA Compression Partners LP | ||||||||||||||
| 18,000,000 | 6.875%, 04/01/26 | 18,741,632 | 0.5 | |||||||||||
| Other | 360,322,136 | 9.8 | ||||||||||||
| 595,463,542 | 16.2 | |||||||||||||
| FOOD & STAPLES RETAILING | 18,460,038 | 0.5 | ||||||||||||
| 50 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | continued |
High-Yield Fund ■ September 30, 2021
| Principal | Issuer | Value | % of net assets | |||||||||||
| FOOD, BEVERAGE & TOBACCO | ||||||||||||||
| Primo Water Holdings, Inc | ||||||||||||||
| $ | 16,125,000 | g | 4.375%, 04/30/29 | $ | 16,082,269 | 0.4 | % | |||||||
| Other | 42,764,413 | 1.2 | ||||||||||||
| 58,846,682 | 1.6 | |||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | ||||||||||||||
| DaVita, Inc | ||||||||||||||
| 17,815,000 | g | 4.625%, 06/01/30 | 18,324,702 | 0.5 | ||||||||||
| Global Medical Response, Inc | ||||||||||||||
| 15,000,000 | g,h | 6.500%, 10/01/25 | 15,506,250 | 0.4 | ||||||||||
| Mozart Debt Merger Sub, Inc | ||||||||||||||
| 18,130,000 | g | 3.875%, 04/01/29 | 18,130,000 | 0.5 | ||||||||||
| Tenet Healthcare Corp | ||||||||||||||
| 34,954,000 | 4.250%–6.125%, 07/15/24–06/01/29 | 36,064,484 | 1.0 | |||||||||||
| Other | 131,240,272 | 3.6 | ||||||||||||
| 219,265,708 | 6.0 | |||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | ||||||||||||||
| Coty, Inc | ||||||||||||||
| 23,200,000 | g | 5.000%, 04/15/26 | 23,699,496 | 0.6 | ||||||||||
| 23,699,496 | 0.6 | |||||||||||||
| INSURANCE | ||||||||||||||
| Acrisure LLC | ||||||||||||||
| 18,513,000 | g | 4.250%, 02/15/29 | 18,304,729 | 0.5 | ||||||||||
| Other | 16,998,694 | 0.5 | ||||||||||||
| 35,303,423 | 1.0 | |||||||||||||
| MATERIALS | ||||||||||||||
| Olympus Water US Holding Corp | ||||||||||||||
| 24,490,000 | g | 4.250%, 10/01/28 | 24,134,283 | 0.7 | ||||||||||
| Other | 224,783,159 | 6.1 | ||||||||||||
| 248,917,442 | 6.8 | |||||||||||||
| MEDIA & ENTERTAINMENT | ||||||||||||||
| CCO Holdings LLC | ||||||||||||||
| 19,025,000 | g | 4.250%, 02/01/31 | 19,355,084 | 0.5 | ||||||||||
| 33,050,000 | 4.500%–5.375%, 02/01/28–05/01/32 | 34,382,070 | 1.0 | |||||||||||
| CSC Holdings LLC | ||||||||||||||
| 44,825,000 | 3.375%–7.500%, 04/15/27–02/15/31 | 45,779,071 | 1.2 | |||||||||||
| DIRECTV Holdings LLC | ||||||||||||||
| 15,900,000 | g | 5.875%, 08/15/27 | 16,595,625 | 0.4 | ||||||||||
| Univision Communications, Inc | ||||||||||||||
| 17,575,000 | g | 4.500%, 05/01/29 | 17,860,594 | 0.5 | ||||||||||
| Other | 178,295,730 | 4.9 | ||||||||||||
| 312,268,174 | 8.5 | |||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||
| Bausch Health Cos, Inc | ||||||||||||||
| 34,350,000 | 4.875%–5.250%, 01/30/28–01/30/30 | 33,244,738 | 1.0 | |||||||||||
| Organon Finance LLC | ||||||||||||||
| 20,725,000 | g | 4.125%, 04/30/28 | 21,139,500 | 0.6 | ||||||||||
| 23,650,000 | g | 5.125%, 04/30/31 | 24,840,777 | 0.7 | ||||||||||
| Other | 66,008,650 | 1.7 | ||||||||||||
| 145,233,665 | 4.0 | |||||||||||||
| REAL ESTATE | ||||||||||||||
| HAT Holdings I LLC | ||||||||||||||
| 19,915,000 | g | 3.375%, 06/15/26 | 20,213,725 | 0.6 | ||||||||||
| Other | 104,627,481 | 2.8 | ||||||||||||
| 124,841,206 | 3.4 | |||||||||||||
| Principal | Issuer | Value | % of net assets | |||||||||
| RETAILING | ||||||||||||
| Magic Mergeco, Inc | ||||||||||||
| $ | 17,587,000 | g | 5.250%, 05/01/28 | $ | 18,140,991 | 0.5 | % | |||||
| Other | 52,942,924 | 1.4 | ||||||||||
| 71,083,915 | 1.9 | |||||||||||
| SOFTWARE & SERVICES | 28,459,190 | 0.8 | ||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | ||||||||||||
| Imola Merger Corp | ||||||||||||
| 53,520,000 | g | 4.750%, 05/15/29 | 55,367,435 | 1.5 | ||||||||
| Other | 41,852,041 | 1.2 | ||||||||||
| 97,219,476 | 2.7 | |||||||||||
| TELECOMMUNICATION SERVICES | ||||||||||||
| Altice France S.A. | ||||||||||||
| 23,000,000 | g | 5.125%, 07/15/29 | 22,550,925 | 0.6 | ||||||||
| Avaya, Inc | ||||||||||||
| 20,775,000 | g | 6.125%, 09/15/28 | 21,844,289 | 0.6 | ||||||||
| Vmed O2 UK Financing I plc | ||||||||||||
| 20,315,000 | g | 4.750%, 07/15/31 | 20,755,429 | 0.6 | ||||||||
| Other | 79,600,750 | 2.1 | ||||||||||
| 144,751,393 | 3.9 | |||||||||||
| TRANSPORTATION | 43,362,949 | 1.2 | ||||||||||
| UTILITIES | 60,318,786 | 1.6 | ||||||||||
| TOTAL CORPORATE BONDS (Cost $2,881,868,330) | 2,987,224,137 | 81.4 | ||||||||||
| TOTAL BONDS (Cost $2,881,868,330) | 2,987,224,137 | 81.4 | ||||||||||
| Shares | Company | |||||||||||
| COMMON STOCKS | ||||||||||||
| ENERGY | 79 | 0.0 | ||||||||||
| TOTAL COMMON STOCKS (Cost $0) | 79 | 0.0 | ||||||||||
| RIGHTS / WARRANTS | ||||||||||||
| ENERGY | 12,643 | 0.0 | ||||||||||
| TOTAL RIGHTS / WARRANTS (Cost $13,191,909) | 12,643 | 0.0 | ||||||||||
| Principal | Issuer | |||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||
| GOVERNMENT AGENCY DEBT | ||||||||||||
| Federal Home Loan Bank (FHLB) | ||||||||||||
| $ | 17,840,000 | 0.000%, 10/15/21 | 17,839,861 | 0.5 | ||||||||
| 48,000,000 | 0.000%, 10/20/21 | 47,999,494 | 1.3 | |||||||||
| 29,530,000 | 0.000%, 10/22/21 | 29,529,655 | 0.8 | |||||||||
| 37,680,000 | 0.000%, 10/27/21 | 37,679,456 | 1.0 | |||||||||
| Other | 34,001,110 | 0.9 | ||||||||||
| 167,049,576 | 4.5 | |||||||||||
| REPURCHASE AGREEMENT | ||||||||||||
| Fixed Income Clearing Corp (FICC) | ||||||||||||
| 61,460,000 | r | 0.010%, 10/01/21 | 61,460,000 | 1.7 | ||||||||
| 61,460,000 | 1.7 | |||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 51 |
| Summary portfolio of investments (unaudited) | concluded |
High-Yield Fund ■ September 30, 2021
| Shares | Company | Value | % of net assets | ||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | |||||||||||
| State Street Navigator Securities Lending | |||||||||||
| Government Money Market Portfolio | |||||||||||
| 28,424,688 | c | 0.030%, | $ | 28,424,688 | 0.8 | % | |||||
| 28,424,688 | 0.8 | ||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $256,933,330) | 256,934,264 | 7.0 | |||||||||
| TOTAL PORTFOLIO (Cost $3,653,033,435) | 3,747,728,205 | 102.1 | |||||||||
| OTHER ASSETS & LIABILITIES, NET | (75,859,810 | ) | (2.1 | ) | |||||||
| NET ASSETS | $ | 3,671,868,395 | 100.0 | % | |||||||
Abbreviation(s):
| LIBOR | London Interbank Offered Rate |
| M | Month |
| c | Investments made with cash collateral received from securities on loan. |
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities, including those in “Other,” is $2,174,522,520 or 59.2% of net assets. |
| h | All or a portion of 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. |
| o | Payment in Kind Bond. |
| r | Agreement with Fixed Income Clearing Corporation, 0.010% dated 9/30/21 to be repurchased at $61,460,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $62,689,289. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
At 9/30/21, the aggregate value of securities on loan is $28,417,544. See Note 4 in the Notes to financial statements for additional information about securities lending collateral.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| 52 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Portfolio of investments (unaudited)
Inflation-Linked Bond Fund ■ September 30, 2021
| Principal | Issuer | Value | % of net assets | |||||||||||
| BONDS | ||||||||||||||
| GOVERNMENT BONDS | ||||||||||||||
| AGENCY SECURITIES | ||||||||||||||
| HNA LLC | ||||||||||||||
| $ | 1,626,707 | 2.369%, 09/18/27 | $ | 1,700,436 | 0.0 | % | ||||||||
| Montefiore Medical Center | ||||||||||||||
| 8,600,000 | 2.895%, 04/20/32 | 9,342,073 | 0.3 | |||||||||||
| Reliance Industries Ltd | ||||||||||||||
| 2,960,526 | 2.444%, 01/15/26 | 3,072,456 | 0.1 | |||||||||||
| 14,114,965 | 0.4 | |||||||||||||
| MORTGAGE BACKED | ||||||||||||||
| Government National Mortgage Association (GNMA) | ||||||||||||||
| 10,238,506 | 3.600%, 09/15/31 | 10,801,930 | 0.3 | |||||||||||
| 5,210,081 | 3.700%, 10/15/33 | 5,569,862 | 0.1 | |||||||||||
| 1,516,594 | 3.380%, 07/15/35 | 1,601,732 | 0.0 | |||||||||||
| 1,438,529 | 3.870%, 10/15/36 | 1,545,539 | 0.0 | |||||||||||
| 5,222,224 | 3.940%, 03/15/37 | 5,618,695 | 0.2 | |||||||||||
| 19,269,253 | 1.730%, 07/15/37 | 19,319,446 | 0.5 | |||||||||||
| 21,924,692 | 4.250%, 09/15/38 | 23,519,531 | 0.6 | |||||||||||
| 13,603,581 | 1.650%, 07/15/42 | 13,399,109 | 0.4 | |||||||||||
| 13,355,164 | 2.750%, 01/15/45 | 14,220,818 | 0.4 | |||||||||||
| 95,596,662 | 2.5 | |||||||||||||
| U.S. TREASURY SECURITIES | ||||||||||||||
| United States Treasury Inflation Indexed Bonds | ||||||||||||||
| 88,020,116 | k | 0.125%, 07/15/22 | 90,140,393 | 2.4 | ||||||||||
| 148,947,494 | k | 0.125%, 01/15/23 | 153,984,168 | 4.1 | ||||||||||
| 133,163,057 | k | 0.625%, 04/15/23 | 139,335,720 | 3.7 | ||||||||||
| 140,036,326 | k | 0.375%, 07/15/23 | 147,530,457 | 4.0 | ||||||||||
| 167,631,053 | k | 0.625%, 01/15/24 | 178,847,927 | 4.8 | ||||||||||
| 62,793,020 | k | 0.500%, 04/15/24 | 67,058,530 | 1.8 | ||||||||||
| 155,400,969 | k | 0.125%, 07/15/24 | 165,902,675 | 4.4 | ||||||||||
| 95,526,730 | k | 0.125%, 10/15/24 | 102,191,211 | 2.7 | ||||||||||
| 127,610,142 | k | 0.250%, 01/15/25 | 137,096,162 | 3.7 | ||||||||||
| 116,491,745 | k | 2.375%, 01/15/25 | 133,718,265 | 3.6 | ||||||||||
| 32,810,185 | k | 0.125%, 04/15/25 | 35,197,895 | 0.9 | ||||||||||
| 151,898,321 | k | 0.375%, 07/15/25 | 165,745,198 | 4.4 | ||||||||||
| 118,174,876 | k | 0.125%, 10/15/25 | 127,867,370 | 3.4 | ||||||||||
| 164,433,736 | k | 0.625%, 01/15/26 | 181,487,314 | 4.9 | ||||||||||
| 54,473,895 | k | 2.000%, 01/15/26 | 63,524,505 | 1.7 | ||||||||||
| 39,337,923 | k | 0.125%, 04/15/26 | 42,583,814 | 1.1 | ||||||||||
| 107,740,440 | k | 0.125%, 07/15/26 | 117,528,266 | 3.1 | ||||||||||
| 123,656,162 | k | 0.375%, 01/15/27 | 136,516,081 | 3.7 | ||||||||||
| 51,133,386 | k | 2.375%, 01/15/27 | 62,203,964 | 1.7 | ||||||||||
| 99,128,762 | k | 0.375%, 07/15/27 | 110,269,131 | 3.0 | ||||||||||
| 141,958,189 | k | 0.500%, 01/15/28 | 158,924,781 | 4.3 | ||||||||||
| 75,002,905 | k | 1.750%, 01/15/28 | 90,244,706 | 2.4 | ||||||||||
| 58,697,638 | k | 3.625%, 04/15/28 | 78,472,551 | 2.1 | ||||||||||
| 76,924,852 | k | 0.750%, 07/15/28 | 88,073,948 | 2.4 | ||||||||||
| 93,750,378 | k | 0.875%, 01/15/29 | 108,314,646 | 2.9 | ||||||||||
| Principal | Issuer | Value | % of net assets | |||||||||||
| U.S. TREASURY SECURITIES—continued | ||||||||||||||
| $ | 46,639,093 | k | 2.500%, 01/15/29 | $ | 59,733,262 | 1.6 | % | |||||||
| 77,930,542 | k | 3.875%, 04/15/29 | 108,695,856 | 2.9 | ||||||||||
| 55,991,689 | k | 0.250%, 07/15/29 | 62,288,566 | 1.7 | ||||||||||
| 62,772,151 | k | 0.125%, 01/15/30 | 68,958,641 | 1.8 | ||||||||||
| 111,270,463 | k | 0.125%, 07/15/30 | 122,704,662 | 3.3 | ||||||||||
| 81,788,460 | k | 0.125%, 01/15/31 | 89,759,640 | 2.4 | ||||||||||
| 37,987,439 | k | 0.125%, 07/15/31 | 41,828,226 | 1.1 | ||||||||||
| 105,674,387 | k | 3.375%, 04/15/32 | 154,612,085 | 4.1 | ||||||||||
| 10,484,300 | k | 0.125%, 02/15/51 | 11,483,039 | 0.3 | ||||||||||
| 3,602,823,655 | 96.4 | |||||||||||||
| TOTAL GOVERNMENT BONDS (Cost $3,461,112,494) | 3,712,535,282 | 99.3 | ||||||||||||
| TOTAL BONDS (Cost $3,461,112,494) | 3,712,535,282 | 99.3 | ||||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| GOVERNMENT AGENCY DEBT | ||||||||||||||
| Federal Home Loan Bank (FHLB) | ||||||||||||||
| 3,920,000 | 0.000%, 10/27/21 | 3,919,943 | 0.1 | |||||||||||
| Tennessee Valley Authority (TVA) | ||||||||||||||
| 5,177,000 | 0.000%, 10/06/21 | 5,176,986 | 0.1 | |||||||||||
| 9,096,929 | 0.2 | |||||||||||||
| REPURCHASE AGREEMENT | ||||||||||||||
| Fixed Income Clearing Corp (FICC) | ||||||||||||||
| 12,885,000 | r | 0.010%, 10/01/21 | 12,885,000 | 0.4 | ||||||||||
| 12,885,000 | 0.4 | |||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $21,981,870) | 21,981,929 | 0.6 | ||||||||||||
| TOTAL PORTFOLIO (Cost $3,483,094,364) | 3,734,517,211 | 99.9 | ||||||||||||
| OTHER ASSETS & LIABILITIES, NET | 3,726,789 | 0.1 | ||||||||||||
| NET ASSETS | $ | 3,738,244,000 | 100.0 | % | ||||||||||
| k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. |
| r | Agreement with Fixed Income Clearing Corporation, 0.010% dated 9/30/21 to be repurchased at $12,885,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $13,142,759. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
Futures contracts outstanding as of September 30, 2021 were as follows:
| Number of long (short | ) | Unrealized appreciation | ||||||||||||||||
| Description | contracts | Expiration date | Notional amount | Value | (depreciation | ) | ||||||||||||
| US Ultra Bond (CBT) | (50 | ) | 12/21/21 | $(9,801,858 | ) | $(9,553,125 | ) | $248,733 | ||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 53 |
Summary portfolio of investments (unaudited)
Short Duration Impact Bond Fund ■ September 30, 2021
| Principal | Issuer | Value | % of net assets | |||||||||||
| BANK LOAN OBLIGATIONS | ||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | ||||||||||||||
| LTR Intermediate Holdings, Inc | ||||||||||||||
| $ | 500,000 | i | 5.500%, 05/05/28, LIBOR 1 M + 4.500% | $ | 498,750 | 1.4 | % | |||||||
| 498,750 | 1.4 | |||||||||||||
| UTILITIES | ||||||||||||||
| Exgen Renewables IV LLC | ||||||||||||||
| 488,748 | i | 3.500%, 12/15/27, LIBOR 3 M + 2.500% | 488,137 | 1.3 | ||||||||||
| 488,137 | 1.3 | |||||||||||||
| TOTAL BANK LOAN OBLIGATIONS (Cost $981,541) | 986,887 | 2.7 | ||||||||||||
| BONDS | ||||||||||||||
| CORPORATE BONDS | ||||||||||||||
| AUTOMOBILES & COMPONENTS | ||||||||||||||
| Hyundai Capital Services, Inc | ||||||||||||||
| 350,000 | g | 1.250%, 02/08/26 | 344,612 | 0.9 | ||||||||||
| Other | 248,179 | 0.7 | ||||||||||||
| 592,791 | 1.6 | |||||||||||||
| BANKS | ||||||||||||||
| Bank of America Corp | ||||||||||||||
| 500,000 | 0.981%–1.020%, 09/25/25–07/22/27 | 505,135 | 1.4 | |||||||||||
| Citigroup, Inc | ||||||||||||||
| 500,000 | i | 1.381%, 07/01/26, LIBOR 3 M + 1.250% | 515,846 | 1.4 | ||||||||||
| 500,000 | 0.776%–1.678%, 05/15/24–10/30/24 | 505,822 | 1.4 | |||||||||||
| HSBC Holdings plc | ||||||||||||||
| 500,000 | 3.033%, 11/22/23 | 514,176 | 1.4 | |||||||||||
| Lloyds Banking Group plc | ||||||||||||||
| 250,000 | 4.500%, 11/04/24 | 274,526 | 0.8 | |||||||||||
| UBS AG. | ||||||||||||||
| 300,000 | g,i | 0.500%, 08/09/24, SOFR + 0.450% | 302,220 | 0.8 | ||||||||||
| UniCredit S.p.A | ||||||||||||||
| 500,000 | g,i | 4.033%, 01/14/22, LIBOR 3 M + 3.900% | 504,713 | 1.4 | ||||||||||
| USAA Capital Corp | ||||||||||||||
| 400,000 | g | 1.500%, 05/01/23 | 407,024 | 1.1 | ||||||||||
| Other | 480,599 | 1.3 | ||||||||||||
| 4,010,061 | 11.0 | |||||||||||||
| CAPITAL GOODS | 252,115 | 0.7 | ||||||||||||
| CONSUMER SERVICES | ||||||||||||||
| Nature Conservancy | ||||||||||||||
| 550,000 | 0.467%, 07/01/23 | 546,804 | 1.5 | |||||||||||
| 260,000 | i | 1.206%, 02/01/24, LIBOR 3 M + 1.080% | 261,210 | 0.7 | ||||||||||
| 808,014 | 2.2 | |||||||||||||
| DIVERSIFIED FINANCIALS | ||||||||||||||
| Morgan Stanley | ||||||||||||||
| 500,000 | 0.791%, 01/22/25 | 499,978 | 1.4 | |||||||||||
| Principal | Issuer | Value | % of net assets | |||||||||||
| DIVERSIFIED FINANCIALS—continued | ||||||||||||||
| NongHyup Bank | ||||||||||||||
| $ | 260,000 | g | 1.250%, 07/20/25 | $ | 258,864 | 0.7 | % | |||||||
| Other | 1,753,067 | 4.8 | ||||||||||||
| 2,511,909 | 6.9 | |||||||||||||
| ENERGY | ||||||||||||||
| Aker BP ASA | ||||||||||||||
| 250,000 | g | 2.875%, 01/15/26 | 264,212 | 0.7 | ||||||||||
| Sunnova Energy Corp | ||||||||||||||
| 270,000 | g | 5.875%, 09/01/26 | 275,063 | 0.8 | ||||||||||
| Other | 171,683 | 0.5 | ||||||||||||
| 710,958 | 2.0 | |||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||
| Roche Holdings, Inc | ||||||||||||||
| 1,075,000 | g,i | 0.290%, 03/05/24, SOFR + 0.240% | 1,077,556 | 3.0 | ||||||||||
| 1,077,556 | 3.0 | |||||||||||||
| REAL ESTATE | ||||||||||||||
| Federal Realty Investment Trust | ||||||||||||||
| 300,000 | 1.250%, 02/15/26 | 297,426 | 0.8 | |||||||||||
| Other | 253,750 | 0.7 | ||||||||||||
| 551,176 | 1.5 | |||||||||||||
| TELECOMMUNICATION SERVICES | 254,230 | 0.7 | ||||||||||||
| TRANSPORTATION | ||||||||||||||
| Delta Air Lines, Inc | ||||||||||||||
| 272,892 | 2.500%, 06/10/28 | 274,275 | 0.7 | |||||||||||
| Other | 233,834 | 0.6 | ||||||||||||
| 508,109 | 1.3 | |||||||||||||
| UTILITIES | ||||||||||||||
| AES Corp | ||||||||||||||
| 300,000 | 1.375%, 01/15/26 | 296,062 | 0.8 | |||||||||||
| Avangrid, Inc | ||||||||||||||
| 300,000 | 3.200%, 04/15/25 | 319,509 | 0.9 | |||||||||||
| CenterPoint Energy Resources Corp | ||||||||||||||
| 600,000 | i | 0.620%, 03/02/23, LIBOR 3 M + 0.500% | 600,095 | 1.6 | ||||||||||
| India Cleantech Energy | ||||||||||||||
| 300,000 | g | 4.700%, 08/10/26 | 303,597 | 0.8 | ||||||||||
| Korea Hydro & Nuclear Power Co Ltd | ||||||||||||||
| 300,000 | g | 3.750%, 07/25/23 | 317,176 | 0.9 | ||||||||||
| National Fuel Gas Co | ||||||||||||||
| 300,000 | 5.500%, 01/15/26 | 345,555 | 1.0 | |||||||||||
| OGE Energy Corp | ||||||||||||||
| 300,000 | 0.703%, 05/26/23 | 300,025 | 0.8 | |||||||||||
| Other | 503,512 | 1.4 | ||||||||||||
| 2,985,531 | 8.2 | |||||||||||||
| TOTAL CORPORATE BONDS (Cost $14,069,239) | 14,262,450 | 39.1 | ||||||||||||
| 54 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | continued |
Short Duration Impact Bond Fund ■ September 30, 2021
| Principal | Issuer | Value | % of net assets | |||||||||||
| GOVERNMENT BONDS | ||||||||||||||
| AGENCY SECURITIES | ||||||||||||||
| Federal Home Loan Mortgage Corp (FHLMC) | ||||||||||||||
| $ | 250,000 | 1.500%, 02/12/25 | $ | 257,203 | 0.7 | % | ||||||||
| Federal National Mortgage Association (FNMA) | ||||||||||||||
| 500,000 | 0.250%, 07/10/23 | 499,882 | 1.4 | |||||||||||
| US Department of Housing and Urban | ||||||||||||||
| Development (HUD) | ||||||||||||||
| 250,000 | 2.618%, 08/01/23 | 259,911 | 0.7 | |||||||||||
| Other | 1,127,630 | 3.1 | ||||||||||||
| 2,144,626 | 5.9 | |||||||||||||
| FOREIGN GOVERNMENT BONDS | ||||||||||||||
| European Stability Mechanism | ||||||||||||||
| 500,000 | g | 1.375%, 09/11/24 | 511,086 | 1.4 | ||||||||||
| International Development Association | ||||||||||||||
| 500,000 | g | 2.750%, 04/24/23 | 519,089 | 1.4 | ||||||||||
| Nederlandse Waterschapsbank NV | ||||||||||||||
| 250,000 | g | 1.750%, 01/15/25 | 258,523 | 0.7 | ||||||||||
| Perusahaan Penerbit SBSN Indonesia III | ||||||||||||||
| 500,000 | g | 3.750%, 03/01/23 | 521,460 | 1.5 | ||||||||||
| Other | 984,354 | 2.7 | ||||||||||||
| 2,794,512 | 7.7 | |||||||||||||
| MORTGAGE BACKED | 120,499 | 0.3 | ||||||||||||
| MUNICIPAL BONDS | ||||||||||||||
| City of Detroit MI | ||||||||||||||
| 700,000 | 1.817%, 04/01/22 | 702,235 | 1.9 | |||||||||||
| Morris County Improvement Authority | ||||||||||||||
| 650,000 | 0.468%, 06/15/23 | 651,681 | 1.8 | |||||||||||
| New York State Energy Research & Development Authority | ||||||||||||||
| 330,000 | 1.624%, 10/01/22 | 330,452 | 0.9 | |||||||||||
| Other | 990,544 | 2.7 | ||||||||||||
| 2,674,912 | 7.3 | |||||||||||||
| U.S. TREASURY SECURITIES | ||||||||||||||
| United States Treasury Note | ||||||||||||||
| 285,000 | 1.625%, 12/31/21 | 286,111 | 0.8 | |||||||||||
| 860,000 | 0.125%, 06/30/22 | 860,269 | 2.4 | |||||||||||
| 835,000 | 0.125%, 10/31/22 | 835,098 | 2.3 | |||||||||||
| 1,500,000 | 2.625%, 12/31/23 | 1,576,348 | 4.3 | |||||||||||
| 995,000 | 0.375%, 09/15/24 | 990,724 | 2.7 | |||||||||||
| 4,548,550 | 12.5 | |||||||||||||
| TOTAL GOVERNMENT BONDS (Cost $12,105,293) | 12,283,099 | 33.7 | ||||||||||||
| STRUCTURED ASSETS | ||||||||||||||
| ASSET BACKED | ||||||||||||||
| GoodLeap Sustainable Home Solutions Trust | ||||||||||||||
| Series - 2021 4GS (Class A) | ||||||||||||||
| 350,000 | g | 1.930%, 07/20/48 | 347,031 | 1.0 | ||||||||||
| Principal | Issuer | Value | % of net assets | |||||||||||
| ASSET BACKED—continued | ||||||||||||||
| HERO Funding Trust | ||||||||||||||
| $ | 578,244 | g | 2.720%–4.050%, 09/20/41–09/20/57 | $ | 596,164 | 1.6 | % | |||||||
| Mosaic Solar Loan Trust | ||||||||||||||
| Series–2020 2A (Class A) | ||||||||||||||
| 389,270 | g | 1.440%, 08/20/46 | 383,663 | 1.1 | ||||||||||
| Series–2021 3A (Class A) | ||||||||||||||
| 420,000 | g | 1.440%, 06/20/52 | 411,049 | 1.1 | ||||||||||
| Sunrun Atlas Issuer LLC | ||||||||||||||
| Series–2019 2 (Class A) | ||||||||||||||
| 477,701 | g | 3.610%, 02/01/55 | 507,334 | 1.4 | ||||||||||
| Sunrun Callisto Issuer LLC | ||||||||||||||
| Series–2019 1A (Class A) | ||||||||||||||
| 410,547 | g | 3.980%, 06/30/54 | 438,347 | 1.2 | ||||||||||
| Series–2021 2A (Class A) | ||||||||||||||
| 320,000 | g | 2.270%, 01/30/57 | 319,877 | 0.9 | ||||||||||
| Tesla Auto Lease Trust | ||||||||||||||
| Series–2021 B (Class A3) | ||||||||||||||
| 600,000 | g | 0.600%, 09/22/25 | 598,873 | 1.6 | ||||||||||
| 544,421 | g | 0.560%–2.200%, 04/20/22–03/20/25 | 548,925 | 1.5 | ||||||||||
| Toyota Auto Receivables Owner Trust | ||||||||||||||
| Series–2021 B (Class A2) | ||||||||||||||
| 1,000,000 | 0.140%, 01/16/24 | 999,467 | 2.7 | |||||||||||
| Vivint Colar Financing V LLC | ||||||||||||||
| Series–2018 1A (Class B) | ||||||||||||||
| 576,817 | g | 7.370%, 04/30/48 | 610,129 | 1.7 | ||||||||||
| Other | 273,021 | 0.8 | ||||||||||||
| 6,033,880 | 16.6 | |||||||||||||
| OTHER MORTGAGE BACKED | ||||||||||||||
| Natixis Commercial Mortgage Securities Trust | ||||||||||||||
| 500,000 | g,i | 1.584%–4.334%, 07/15/36–07/15/36, | ||||||||||||
| LIBOR 1 M + 1.500%-LIBOR 1 M + 4.250% | 498,389 | 1.4 | ||||||||||||
| Other | 616,917 | 1.7 | ||||||||||||
| 1,115,306 | 3.1 | |||||||||||||
| TOTAL STRUCTURED ASSETS (Cost $7,073,028) | 7,149,186 | 19.7 | ||||||||||||
| TOTAL BONDS (Cost $33,247,560) | 33,694,735 | 92.5 | ||||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| REPURCHASE AGREEMENT | ||||||||||||||
| Fixed Income Clearing Corp (FICC) | ||||||||||||||
| 1,680,000 | r | 0.010%, 10/01/21 | 1,680,000 | 4.6 | ||||||||||
| 1,680,000 | 4.6 | |||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $1,680,000) | 1,680,000 | 4.6 | ||||||||||||
| TOTAL PORTFOLIO (Cost $35,909,101) | 36,361,622 | 99.8 | ||||||||||||
| OTHER ASSETS & LIABILITIES, NET | 90,820 | 0.2 | ||||||||||||
| NET ASSETS | $ | 36,452,442 | 100.0 | % | ||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 55 |
| Summary portfolio of investments (unaudited) | concluded |
Short Duration Impact Bond Fund ■ September 30, 2021
Abbreviation(s):
| LIBOR | London Interbank Offered Rate |
| M | Month |
| SOFR | Secure Overnight Financing Rate |
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities, including those in “Other,” is $13,998,868 or 38.4% 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. |
| r | Agreement with Fixed Income Clearing Corporation, 0.010% dated 9/30/21 to be repurchased at $1,680,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $1,713,685. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| 56 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments (unaudited)
Short-Term Bond Fund ■ September 30, 2021
| Principal | Issuer | Value | % of net assets | |||||||||||
| BANK LOAN OBLIGATIONS | ||||||||||||||
| CAPITAL GOODS | $ | 1,508,555 | 0.1 | % | ||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | 1,316,962 | 0.1 | ||||||||||||
| CONSUMER SERVICES | 6,131,477 | 0.3 | ||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | 2,471,796 | 0.1 | ||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | 3,482,714 | 0.2 | ||||||||||||
| MATERIALS | 5,044,887 | 0.2 | ||||||||||||
| MEDIA & ENTERTAINMENT | 7,008,176 | 0.3 | ||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 9,458,840 | 0.5 | ||||||||||||
| SOFTWARE & SERVICES | 5,985,635 | 0.3 | ||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | 2,793,809 | 0.1 | ||||||||||||
| TRANSPORTATION | 1,772,332 | 0.1 | ||||||||||||
| UTILITIES | 559,360 | 0.0 | ||||||||||||
| TOTAL BANK LOAN OBLIGATIONS (Cost $47,697,206) | 47,534,543 | 2.3 | ||||||||||||
| BONDS | ||||||||||||||
| CORPORATE BONDS | ||||||||||||||
| AUTOMOBILES & COMPONENTS | 2,705,152 | 0.1 | ||||||||||||
| BANKS | ||||||||||||||
| Bank of America Corp | ||||||||||||||
| $ | 24,300,000 | 3.004%, 12/20/23 | 25,042,871 | 1.2 | ||||||||||
| Citigroup, Inc | ||||||||||||||
| 23,600,000 | 0.981%, 05/01/25 | 23,676,430 | 1.1 | |||||||||||
| Dexia Credit Local S.A. | ||||||||||||||
| 10,000,000 | g | 2.875%, 01/29/22 | 10,087,043 | 0.5 | ||||||||||
| JPMorgan Chase & Co | ||||||||||||||
| 8,700,000 | 3.207%, 04/01/23 | 8,821,621 | 0.4 | |||||||||||
| 10,000,000 | 2.776%, 04/25/23 | 10,134,200 | 0.5 | |||||||||||
| 20,000,000 | 0.824%, 06/01/25 | 19,996,434 | 1.0 | |||||||||||
| Other | 129,000,467 | 6.3 | ||||||||||||
| 226,759,066 | 11.0 | |||||||||||||
| CAPITAL GOODS | 24,736,654 | 1.2 | ||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | 5,273,140 | 0.3 | ||||||||||||
| CONSUMER DURABLES & APPAREL | 1,569,625 | 0.1 | ||||||||||||
| CONSUMER SERVICES | 1,476,962 | 0.1 | ||||||||||||
| DIVERSIFIED FINANCIALS | ||||||||||||||
| Federation des Caisses Desjardins du Quebec | ||||||||||||||
| 10,000,000 | g | 0.700%, 05/21/24 | 9,987,140 | 0.5 | ||||||||||
| General Motors Financial Co, Inc | ||||||||||||||
| 18,080,000 | 1.700%–3.950%, 01/14/22–04/13/24 | 18,613,303 | 0.9 | |||||||||||
| Other | 96,921,659 | 4.7 | ||||||||||||
| 125,522,102 | 6.1 | |||||||||||||
| ENERGY | 46,360,199 | 2.2 | ||||||||||||
| FOOD & STAPLES RETAILING | 5,105,872 | 0.2 | ||||||||||||
| Principal | Issuer | Value | % of net assets | |||||||||||
| FOOD, BEVERAGE & TOBACCO | $ | 10,439,319 | 0.5 | % | ||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | 9,112,667 | 0.4 | ||||||||||||
| INSURANCE | 11,007,596 | 0.5 | ||||||||||||
| MATERIALS | 30,160,591 | 1.5 | ||||||||||||
| MEDIA & ENTERTAINMENT | 16,263,020 | 0.8 | ||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||
| AbbVie, Inc | ||||||||||||||
| $ | 18,000,000 | 2.300%, 11/21/22 | 18,371,056 | 0.9 | ||||||||||
| Other | 25,386,317 | 1.2 | ||||||||||||
| 43,757,373 | 2.1 | |||||||||||||
| REAL ESTATE | 28,472,318 | 1.4 | ||||||||||||
| RETAILING | 3,813,039 | 0.2 | ||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 8,559,800 | 0.4 | ||||||||||||
| SOFTWARE & SERVICES | 17,497,652 | 0.8 | ||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | 1,875,105 | 0.1 | ||||||||||||
| TELECOMMUNICATION SERVICES | ||||||||||||||
| SBA Tower Trust | ||||||||||||||
| 13,365,000 | g | 1.884%, 01/15/26 | 13,532,415 | 0.6 | ||||||||||
| Other | 28,251,715 | 1.4 | ||||||||||||
| 41,784,130 | 2.0 | |||||||||||||
| TRANSPORTATION | 2,225,339 | 0.1 | ||||||||||||
| UTILITIES | ||||||||||||||
| Xcel Energy, Inc | ||||||||||||||
| 10,950,000 | 0.500%, 10/15/23 | 10,962,264 | 0.5 | |||||||||||
| Other | 46,571,709 | 2.3 | ||||||||||||
| 57,533,973 | 2.8 | |||||||||||||
| TOTAL CORPORATE BONDS (Cost $715,383,368) | 722,010,694 | 34.9 | ||||||||||||
| GOVERNMENT BONDS | ||||||||||||||
| AGENCY SECURITIES | 22,528,057 | 1.1 | ||||||||||||
| FOREIGN GOVERNMENT BONDS | ||||||||||||||
| CDP Financial, Inc | ||||||||||||||
| 10,000,000 | g | 0.875%, 06/10/25 | 10,016,600 | 0.5 | ||||||||||
| International Development Association | ||||||||||||||
| 8,900,000 | g | 2.750%, 04/24/23 | 9,239,777 | 0.4 | ||||||||||
| Kommunalbanken AS. | ||||||||||||||
| 10,000,000 | g | 0.375%, 09/11/25 | 9,816,400 | 0.5 | ||||||||||
| Kreditanstalt fuer Wiederaufbau | ||||||||||||||
| 9,000,000 | 0.625%, 01/22/26 | 8,888,156 | 0.4 | |||||||||||
| Mexico Government International Bond | ||||||||||||||
| 10,000,000 | 2.659%, 05/24/31 | 9,647,300 | 0.5 | |||||||||||
| Ontario Teachers’ Finance Trust | ||||||||||||||
| 15,000,000 | g | 1.625%, 09/12/24 | 15,419,865 | 0.7 | ||||||||||
| Province of British Columbia Canada | ||||||||||||||
| 10,400,000 | 1.300%, 01/29/31 | 10,056,048 | 0.5 | |||||||||||
| Other | 149,962,564 | 7.3 | ||||||||||||
| 223,046,710 | 10.8 | |||||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ Semiannual Report | 57 |
| Summary portfolio of investments (unaudited) | continued |
| Short-Term Bond Fund ■ September 30, 2021 |
| Principal | Issuer | Value | % of net assets | |||||||||||
| MORTGAGE BACKED | ||||||||||||||
| Government National Mortgage Association (GNMA) | ||||||||||||||
| $ | 19,269,253 | 1.730%, 07/15/37 | $ | 19,319,446 | 0.9 | % | ||||||||
| 21,924,692 | 4.250%, 09/15/38 | 23,519,532 | 1.2 | |||||||||||
| Other | 886 | 0.0 | ||||||||||||
| 42,839,864 | 2.1 | |||||||||||||
| MUNICIPAL BONDS | ||||||||||||||
| City of New York NY | ||||||||||||||
| 19,755,000 | 2.280%, 08/01/25 | 20,751,825 | 1.0 | |||||||||||
| Massachusetts Water Resources Authority | ||||||||||||||
| 10,000,000 | 2.083%, 08/01/25 | 10,465,388 | 0.5 | |||||||||||
| Other | 11,531,736 | 0.6 | ||||||||||||
| 42,748,949 | 2.1 | |||||||||||||
| U.S. TREASURY SECURITIES | ||||||||||||||
| United States Treasury Inflation Indexed Bonds | ||||||||||||||
| 11,825,500 | k | 0.125%, 01/15/23 | 12,225,380 | 0.6 | ||||||||||
| 28,368,620 | k | 0.625%, 01/15/24 | 30,266,879 | 1.5 | ||||||||||
| 27,057,000 | k | 0.500%, 04/15/24 | 28,894,974 | 1.4 | ||||||||||
| 15,958,500 | k | 0.125%, 10/15/24 | 17,071,855 | 0.8 | ||||||||||
| 28,102,680 | k | 0.125%, 04/15/26 | 30,421,517 | 1.5 | ||||||||||
| United States Treasury Note | ||||||||||||||
| 21,290,000 | 0.125%, 06/30/22 | 21,296,653 | 1.0 | |||||||||||
| 27,700,000 | 0.125%, 10/31/22 | 27,703,246 | 1.3 | |||||||||||
| 25,995,000 | 0.125%, 03/31/23 | 25,969,614 | 1.3 | |||||||||||
| 42,525,000 | 0.125%, 08/31/23 | 42,412,043 | 2.1 | |||||||||||
| 89,564,000 | 0.375%, 09/15/24 | 89,179,154 | 4.3 | |||||||||||
| Other | 17,413,347 | 0.8 | ||||||||||||
| 342,854,662 | 16.6 | |||||||||||||
| TOTAL GOVERNMENT BONDS (Cost $668,512,051) | 674,018,242 | 32.7 | ||||||||||||
| STRUCTURED ASSETS | ||||||||||||||
| ASSET BACKED | ||||||||||||||
| CarMax Auto Owner Trust | ||||||||||||||
| Series–2021 1 (Class B) | ||||||||||||||
| 8,600,000 | 0.740%, 10/15/26 | 8,527,561 | 0.4 | |||||||||||
| CF Hippolyta LLC | ||||||||||||||
| Series–2020 1 (Class A1) | ||||||||||||||
| 10,104,590 | g | 1.690%, 07/15/60 | 10,241,503 | 0.5 | ||||||||||
| Domino’s Pizza Master Issuer LLC | ||||||||||||||
| Series–2021 1A (Class A2I) | ||||||||||||||
| 10,972,500 | g | 2.662%, 04/25/51 | 11,284,295 | 0.5 | ||||||||||
| Invitation Homes Trust | ||||||||||||||
| Series–2018 SFR3 (Class A) | ||||||||||||||
| 9,032,917 | g,i | 1.084%, 07/17/37, LIBOR 1 M + 1.000% | 9,048,057 | 0.4 | ||||||||||
| Taco Bell Funding LLC | ||||||||||||||
| Series–2021 1A (Class A2I) | ||||||||||||||
| 12,840,000 | g | 1.946%, 08/25/51 | 12,829,741 | 0.6 | ||||||||||
| TES LLC | ||||||||||||||
| Series–2017 1A (Class A) | ||||||||||||||
| 8,929,748 | g | 4.330%, 10/20/47 | 9,454,075 | 0.5 | ||||||||||
| Principal | Issuer | Value | % of net assets | |||||||||||
| ASSET BACKED—continued | ||||||||||||||
| Verizon Master Trust | ||||||||||||||
| Series–2021 1 (Class C) | ||||||||||||||
| $ | 10,185,000 | 0.890%, 05/20/27 | $ | 10,190,876 | 0.5 | % | ||||||||
| Verizon Owner Trust | ||||||||||||||
| Series–2018 A (Class B) | ||||||||||||||
| 10,905,000 | 3.380%, 04/20/23 | 11,008,588 | 0.5 | |||||||||||
| Series–2019 A (Class B) | ||||||||||||||
| 9,000,000 | 3.020%, 09/20/23 | 9,193,039 | 0.4 | |||||||||||
| Series–2020 B (Class B) | ||||||||||||||
| 17,500,000 | 0.680%, 02/20/25 | 17,534,331 | 0.9 | |||||||||||
| Other | 156,169,018 | 7.6 | ||||||||||||
| 265,481,084 | 12.8 | |||||||||||||
| OTHER MORTGAGE BACKED | ||||||||||||||
| COMM Mortgage Trust | ||||||||||||||
| 21,323,264 | g | 3.397%–5.064%, 03/10/46–08/10/48 | 22,273,805 | 1.1 | ||||||||||
| Connecticut Avenue Securities | ||||||||||||||
| Series–2017 C02 (Class 2ED3) | ||||||||||||||
| 9,676,907 | i | 1.436%, 09/25/29, LIBOR 1 M + 1.350% | 9,736,094 | 0.5 | ||||||||||
| 0.936%–4.336%, 05/25/24–01/25/40, | ||||||||||||||
| LIBOR 1 M + 0.850%-LIBOR 1 M + | ||||||||||||||
| 22,381,609 | g,i | 4.250% | 22,652,366 | 1.1 | ||||||||||
| GS Mortgage Securities Trust | ||||||||||||||
| Series–2019 GC40 (Class DBB) | ||||||||||||||
| 9,000,000 | g,i | 3.501%, 07/10/52 | 9,365,775 | 0.4 | ||||||||||
| Natixis Commercial Mortgage Securities Trust | ||||||||||||||
| Series–2019 MILE (Class A) | ||||||||||||||
| 9,500,000 | g,i | 1.584%, 07/15/36, LIBOR 1 M + 1.500% | 9,497,168 | 0.5 | ||||||||||
| Structured Agency Credit Risk Debt Note (STACR) | ||||||||||||||
| Series–2017 DNA3 (Class M2B) | ||||||||||||||
| 8,632,500 | i | 2.586%, 03/25/30, LIBOR 1 M + 2.500% | 8,741,636 | 0.4 | ||||||||||
| Verus Securitization Trust Series–2020 1 (Class A1) | ||||||||||||||
| 11,490,604 | g | 2.417%, 01/25/60 | 11,627,820 | 0.6 | ||||||||||
| Other | 187,987,875 | 9.0 | ||||||||||||
| 281,882,539 | 13.6 | |||||||||||||
| TOTAL STRUCTURED ASSETS (Cost $545,884,594) | 547,363,623 | 26.4 | ||||||||||||
| TOTAL BONDS (Cost $1,929,780,013) | 1,943,392,559 | 94.0 | ||||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| GOVERNMENT AGENCY DEBT | ||||||||||||||
| Federal Home Loan Bank (FHLB) | ||||||||||||||
| $ | 26,031,000 | 0.000%, 10/13/21 | 26,030,826 | 1.2 | ||||||||||
| 23,972,000 | 0.000%, 10/22/21 | 23,971,720 | 1.2 | |||||||||||
| 10,000,000 | 0.000%, 10/25/21 | 9,999,867 | 0.5 | |||||||||||
| 60,002,413 | 2.9 | |||||||||||||
| REPURCHASE AGREEMENT | ||||||||||||||
| Fixed Income Clearing Corp (FICC) | ||||||||||||||
| 32,795,000 | r | 0.010%, 10/01/21 | 32,795,000 | 1.6 | ||||||||||
| 32,795,000 | 1.6 | |||||||||||||
| TREASURY DEBT | 1,799,194 | 0.1 | ||||||||||||
| 58 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | concluded |
| Short-Term Bond Fund ■ September 30, 2021 |
| Shares | Company | Value | % of net assets | |||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | ||||||||||||||
| 8,026,626 | c | State Street Navigator Securities Lending Government Money Market Portfolio 0.030% | $ | 8,026,626 | 0.4 | % | ||||||||
| 8,026,626 | 0.4 | |||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $102,622,738) | 102,623,233 | 5.0 | ||||||||||||
| TOTAL PORTFOLIO (Cost $2,080,099,957) | 2,093,550,335 | 101.3 | ||||||||||||
| OTHER ASSETS & LIABILITIES, NET | (24,980,339 | ) | (1.3 | ) | ||||||||||
| NET ASSETS | $ | 2,068,569,996 | 100.0 | % | ||||||||||
Abbreviation(s):
| LIBOR | London Interbank Offered Rate |
| M | Month |
| c | Investments made with cash collateral received from securities on loan. |
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities, including those in “Other,” is $709,945,300 or 34.3% of net assets. |
| k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of the security. |
| i | Coupon rate reflects the rate at period end. |
| r | Agreement with Fixed Income Clearing Corporation, 0.010% dated 9/30/21 to be repurchased at $32,795,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $33,450,918. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
At 9/30/21, the aggregate value of securities on loan is $7,847,546. See Note 4 in the Notes to financial statements for additional information about securities lending collateral.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
Futures contracts outstanding as of September 30, 2021 were as follows:
| Description | Number of long (short contracts | ) | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation | ) | |||||||||||
| US Ultra Bond (CBT) | (35 | ) | 12/21/21 | $ | (5,176,649 | ) | $ | (5,083,750 | ) | $ | 92,899 | |||||||
| US Long Bond (CBT) | (40 | ) | 12/21/21 | (6,484,166 | ) | (6,368,750 | ) | 115,416 | ||||||||||
| US 10 Year Note (CBT) | (576 | ) | 12/21/21 | (76,668,848 | ) | (75,807,000 | ) | 861,848 | ||||||||||
| US 5 Year Note (CBT) | (100 | ) | 12/31/21 | (12,289,652 | ) | (12,274,219 | ) | 15,433 | ||||||||||
| Total | (751 | ) | $ | (100,619,315 | ) | $ | (99,533,719 | ) | $ | 1,085,596 | ||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 59 |
Summary portfolio of investments (unaudited)
Short-Term Bond Index Fund ■ September 30, 2021
| Principal | Issuer | Value | % of net assets | |||||||||||
| BONDS | ||||||||||||||
| CORPORATE BONDS | ||||||||||||||
| AUTOMOBILES & COMPONENTS | $ | 718,733 | 0.1 | % | ||||||||||
| BANKS | ||||||||||||||
| Bank of America Corp | ||||||||||||||
| $ | 1,950,000 | 2.881%, 04/24/23 | 1,976,704 | 0.2 | ||||||||||
| Other | 85,756,008 | 6.8 | ||||||||||||
| 87,732,712 | 7.0 | |||||||||||||
| CAPITAL GOODS | 20,888,365 | 1.7 | ||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | 799,453 | 0.1 | ||||||||||||
| CONSUMER DURABLES & APPAREL | 1,097,425 | 0.1 | ||||||||||||
| CONSUMER SERVICES | 2,454,211 | 0.2 | ||||||||||||
| DIVERSIFIED FINANCIALS | 53,199,845 | 4.2 | ||||||||||||
| ENERGY | 21,682,539 | 1.7 | ||||||||||||
| FOOD & STAPLES RETAILING | 886,448 | 0.1 | ||||||||||||
| FOOD, BEVERAGE & TOBACCO | 9,182,069 | 0.7 | ||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | 10,784,436 | 0.9 | ||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | 970,651 | 0.1 | ||||||||||||
| INSURANCE | 3,699,696 | 0.3 | ||||||||||||
| MATERIALS | 5,297,129 | 0.4 | ||||||||||||
| MEDIA & ENTERTAINMENT | 5,751,647 | 0.5 | ||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 12,597,592 | 1.0 | ||||||||||||
| REAL ESTATE | 3,070,938 | 0.2 | ||||||||||||
| RETAILING | 4,129,315 | 0.3 | ||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 5,237,569 | 0.4 | ||||||||||||
| SOFTWARE & SERVICES | 13,222,609 | 1.0 | ||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | 6,876,597 | 0.6 | ||||||||||||
| TELECOMMUNICATION SERVICES | 2,950,838 | 0.2 | ||||||||||||
| TRANSPORTATION | 2,859,329 | 0.2 | ||||||||||||
| UTILITIES | 18,982,976 | 1.5 | ||||||||||||
| TOTAL CORPORATE BONDS (Cost $293,632,515) | 295,073,122 | 23.5 | ||||||||||||
| GOVERNMENT BONDS | ||||||||||||||
| AGENCY SECURITIES | ||||||||||||||
| Federal Farm Credit Bank (FFCB) | ||||||||||||||
| 4,000,000 | 0.125%, 02/03/23 | 3,997,430 | 0.3 | |||||||||||
| 2,000,000 | 0.125%, 04/13/23 | 1,997,942 | 0.2 | |||||||||||
| Federal Home Loan Bank (FHLB) | ||||||||||||||
| 3,000,000 | 3.000%, 10/12/21 | 3,002,693 | 0.2 | |||||||||||
| 2,500,000 | Federal Home Loan Mortgage Corp (FHLMC) | |||||||||||||
| 0.375%, 04/20/23 | 2,507,002 | 0.2 | ||||||||||||
| Federal National Mortgage Association (FNMA) | ||||||||||||||
| 4,500,000 | 0.250%, 05/22/23 | 4,501,750 | 0.4 | |||||||||||
| Other | 20,574,929 | 1.6 | ||||||||||||
| 36,581,746 | 2.9 | |||||||||||||
| Principal | Issuer | Value | % of net assets | |||||||||||
| FOREIGN GOVERNMENT BONDS | ||||||||||||||
| European Investment Bank | ||||||||||||||
| $ | 3,707,000 | 1.375%, 05/15/23 | $ | 3,773,195 | 0.3 | % | ||||||||
| 2,000,000 | 0.375%, 07/24/24 | 1,991,592 | 0.1 | |||||||||||
| Kreditanstalt fuer Wiederaufbau | ||||||||||||||
| 2,000,000 | 1.750%, 08/22/22 | 2,028,493 | 0.2 | |||||||||||
| 5,100,000 | 1.625%, 02/15/23 | 5,198,337 | 0.4 | |||||||||||
| Other | 57,554,999 | 4.6 | ||||||||||||
| 70,546,616 | 5.6 | |||||||||||||
| MUNICIPAL BONDS | 283,602 | 0.0 | ||||||||||||
| U.S. TREASURY SECURITIES | ||||||||||||||
| United States Treasury Note | ||||||||||||||
| 10,000,000 | 1.500%, 09/15/22 | 10,133,594 | 0.8 | |||||||||||
| 14,000,000 | 0.125%, 09/30/22 | 14,004,375 | 1.1 | |||||||||||
| 17,400,000 | 1.375%, 10/15/22 | 17,628,375 | 1.4 | |||||||||||
| 9,250,000 | 0.125%, 10/31/22 | 9,251,084 | 0.7 | |||||||||||
| 20,000,000 | 1.625%, 11/15/22 | 20,337,500 | 1.6 | |||||||||||
| 27,250,000 | 0.125%, 11/30/22 | 27,245,742 | 2.2 | |||||||||||
| 31,000,000 | 1.625%, 12/15/22 | 31,555,820 | 2.5 | |||||||||||
| 8,000,000 | 0.125%, 12/31/22 | 7,997,500 | 0.6 | |||||||||||
| 22,000,000 | 1.500%, 01/15/23 | 22,382,422 | 1.8 | |||||||||||
| 7,000,000 | 0.125%, 01/31/23 | 6,996,445 | 0.6 | |||||||||||
| 12,000,000 | 1.375%, 02/15/23 | 12,198,750 | 1.0 | |||||||||||
| 17,000,000 | 0.125%, 02/28/23 | 16,987,383 | 1.4 | |||||||||||
| 21,500,000 | 0.250%, 04/15/23 | 21,515,957 | 1.7 | |||||||||||
| 13,500,000 | 0.125%, 04/30/23 | 13,482,070 | 1.1 | |||||||||||
| 21,500,000 | 0.125%, 05/15/23 | 21,468,926 | 1.7 | |||||||||||
| 20,500,000 | 0.125%, 05/31/23 | 20,467,168 | 1.6 | |||||||||||
| 18,000,000 | 0.250%, 06/15/23 | 18,004,219 | 1.4 | |||||||||||
| 29,000,000 | 0.125%, 06/30/23 | 28,950,156 | 2.3 | |||||||||||
| 17,600,000 | 0.125%, 07/15/23 | 17,563,563 | 1.4 | |||||||||||
| 13,800,000 | 0.125%, 07/31/23 | 13,770,352 | 1.1 | |||||||||||
| 16,500,000 | 0.125%, 08/15/23 | 16,458,750 | 1.3 | |||||||||||
| 11,000,000 | 0.125%, 08/31/23 | 10,970,781 | 0.9 | |||||||||||
| 6,750,000 | 0.125%, 09/15/23 | 6,729,434 | 0.5 | |||||||||||
| 10,500,000 | 0.250%, 09/30/23 | 10,491,797 | 0.8 | |||||||||||
| 33,750,000 | 0.125%, 10/15/23 | 33,628,711 | 2.7 | |||||||||||
| 46,250,000 | 0.250%, 11/15/23 | 46,184,961 | 3.7 | |||||||||||
| 33,250,000 | 0.125%, 12/15/23 | 33,094,141 | 2.6 | |||||||||||
| 16,600,000 | 0.125%, 01/15/24 | 16,511,164 | 1.3 | |||||||||||
| 48,243,000 | 0.125%, 02/15/24 | 47,965,979 | 3.8 | |||||||||||
| 42,000,000 | 0.250%, 03/15/24 | 41,853,984 | 3.3 | |||||||||||
| 34,000,000 | 0.375%, 04/15/24 | 33,961,484 | 2.7 | |||||||||||
| 33,000,000 | 0.250%, 05/15/24 | 32,841,445 | 2.6 | |||||||||||
| 41,000,000 | 0.250%, 06/15/24 | 40,772,578 | 3.2 | |||||||||||
| 35,000,000 | 0.375%, 07/15/24 | 34,904,297 | 2.8 | |||||||||||
| 53,000,000 | 0.375%, 08/15/24 | 52,809,531 | 4.2 | |||||||||||
| 29,500,000 | 0.375%, 09/15/24 | 29,373,242 | 2.3 | |||||||||||
| 5,000,000 | 0.250%, 08/31/25 | 4,897,852 | 0.4 | |||||||||||
| 4,000,000 | 0.250%, 09/30/25 | 3,914,219 | 0.3 | |||||||||||
| Other | 2,762,881 | 0.3 | ||||||||||||
| 852,068,632 | 67.7 | |||||||||||||
| TOTAL GOVERNMENT BONDS (Cost $958,958,500) | 959,480,596 | 76.2 | ||||||||||||
| TOTAL BONDS (Cost $1,252,591,015) | 1,254,553,718 | 99.7 | ||||||||||||
| 60 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | concluded |
| Short-Term Bond Index Fund ■ September 30, 2021 |
| Principal | Issuer | Value | % of net assets | ||||||||||||
| SHORT-TERM INVESTMENTS | |||||||||||||||
| GOVERNMENT AGENCY DEBT | $ | 964,989 | 0.1 | % | |||||||||||
| REPURCHASE AGREEMENT | |||||||||||||||
| Fixed Income Clearing Corp (FICC) | |||||||||||||||
| $ | 19,390,000 | r | 0.010%, 10/01/21 | 19,390,000 | 1.5 | ||||||||||
| 19,390,000 | 1.5 | ||||||||||||||
| Shares | Company | ||||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | |||||||||||||||
| State Street Navigator Securities Lending Government Money Market Portfolio | |||||||||||||||
| 2,927,336 | c | 0.030% | 2,927,336 | 0.3 | |||||||||||
| 2,927,336 | 0.3 | ||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $23,282,314) | 23,282,325 | 1.9 | |||||||||||||
| TOTAL PORTFOLIO (Cost $1,275,873,329) | 1,277,836,043 | 101.6 | |||||||||||||
| OTHER ASSETS & LIABILITIES, NET | (20,090,901 | ) | (1.6 | ) | |||||||||||
| NET ASSETS | $ | 1,257,745,142 | 100.0 | % | |||||||||||
| c | Investments made with cash collateral received from securities on loan. |
| r | Agreement with Fixed Income Clearing Corporation, 0.010% dated 9/30/21 to be repurchased at $19,390,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $19,777,826. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
At 9/30/21, the aggregate value of securities on loan is $2,763,238. See Note 4 in the Notes to financial statements for additional information about securities lending collateral.
At 9/30/21, the aggregate value of securities exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended, is $4,042,970 or 0.3% of net assets. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 61 |
Summary portfolio of investments (unaudited)
Money Market Fund ■ September 30, 2021
| Principal | Issuer | Value | % of net assets | |||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| GOVERNMENT AGENCY DEBT | ||||||||||||||
| Federal Agricultural Mortgage Corp (FAMC) | ||||||||||||||
| $ | 14,000,000 | 0.000%, 10/20/21 | $ | 14,199,797 | 1.0 | % | ||||||||
| Federal Farm Credit Bank (FFCB) | ||||||||||||||
| 13,570,000 | 0.000%, 11/04/21 | 13,569,393 | 1.0 | |||||||||||
| 10,000,000 | 0.000%, 12/06/21 | 9,999,083 | 0.7 | |||||||||||
| 30,261,000 | 0.000%, 10/06/21–01/18/22 | 31,059,620 | 2.2 | |||||||||||
| Federal Home Loan Bank (FHLB) | ||||||||||||||
| 27,528,000 | 0.000%, 10/13/21 | 27,527,633 | 1.9 | |||||||||||
| 24,750,000 | 0.000%, 10/15/21 | 24,749,496 | 1.8 | |||||||||||
| 41,158,000 | 0.000%, 10/22/21 | 41,156,962 | 2.9 | |||||||||||
| 26,000,000 | 0.030%, 10/25/21 | 25,999,788 | 1.8 | |||||||||||
| 31,745,000 | 0.000%, 10/27/21 | 31,743,827 | 2.2 | |||||||||||
| 10,000,000 | 0.050%, 11/05/21 | 9,999,988 | 0.7 | |||||||||||
| 17,000,000 | 0.000%, 11/05/21 | 16,999,266 | 1.2 | |||||||||||
| 14,000,000 | 0.000%, 11/08/21 | 13,999,335 | 1.0 | |||||||||||
| 21,734,000 | 0.000%, 11/10/21 | 21,732,983 | 1.5 | |||||||||||
| 16,146,000 | 0.000%, 11/12/21 | 16,145,143 | 1.1 | |||||||||||
| 51,000,000 | 0.000%, 11/17/21 | 50,997,859 | 3.6 | |||||||||||
| 30,062,000 | 0.000%, 11/19/21 | 30,060,210 | 2.1 | |||||||||||
| 19,067,000 | 0.000%, 11/24/21 | 19,065,917 | 1.3 | |||||||||||
| 34,666,000 | 0.000%, 11/30/21 | 34,664,267 | 2.4 | |||||||||||
| 19,100,000 | 0.000%, 12/01/21 | 19,098,724 | 1.3 | |||||||||||
| 14,105,000 | 0.000%, 12/03/21 | 14,103,994 | 1.0 | |||||||||||
| 17,533,000 | 0.000%, 12/08/21 | 17,531,675 | 1.2 | |||||||||||
| 11,000,000 | 0.000%, 12/10/21 | 10,999,205 | 0.8 | |||||||||||
| 9,806,000 | 0.000%, 12/17/21 | 9,805,015 | 0.7 | |||||||||||
| 10,028,000 | 0.000%, 12/22/21 | 10,027,177 | 0.7 | |||||||||||
| 13,000,000 | 0.040%, 12/22/21 | 12,999,987 | 0.9 | |||||||||||
| 13,374,000 | 0.000%, 12/29/21 | 13,372,843 | 0.9 | |||||||||||
| 82,614,000 | 0.000%, 10/04/21–12/27/21 | 100,836,811 | 7.0 | |||||||||||
| Federal Home Loan Mortgage Corp (FHLMC) | ||||||||||||||
| 18,013,000 | 2.375%, 01/13/22 | 18,132,065 | 1.3 | |||||||||||
| Other | 28,788,875 | 2.0 | ||||||||||||
| 689,366,938 | 48.2 | |||||||||||||
| TREASURY DEBT | ||||||||||||||
| United States Cash Management Bill | ||||||||||||||
| 10,458,000 | 0.000%, 10/26/21 | 10,457,652 | 0.7 | |||||||||||
| 94,114,000 | 0.000%, 11/02/21 | 94,110,020 | 6.6 | |||||||||||
| 22,647,000 | 0.000%, 11/09/21 | 22,645,798 | 1.6 | |||||||||||
| 68,195,000 | 0.000%, 11/16/21 | 68,190,860 | 4.8 | |||||||||||
| 15,753,000 | 0.000%, 12/21/21 | 15,751,497 | 1.1 | |||||||||||
| 44,789,000 | 0.000%, 12/28/21 | 44,784,244 | 3.1 | |||||||||||
| 14,569,000 | 0.000%, 11/23/21–12/07/21 | 14,567,812 | 1.0 | |||||||||||
| United States Treasury Bill | ||||||||||||||
| 42,264,000 | 0.000%, 10/21/21 | 42,263,101 | 3.0 | |||||||||||
| 30,659,000 | 0.000%, 11/04/21 | 30,657,624 | 2.1 | |||||||||||
| 26,647,000 | 0.000%, 12/09/21 | 26,644,806 | 1.9 | |||||||||||
| 23,000,000 | 0.000%, 12/16/21 | 22,997,714 | 1.6 | |||||||||||
| 20,256,000 | 0.000%, 10/14/21–01/06/22 | 20,254,354 | 1.4 | |||||||||||
| 413,325,482 | 28.9 | |||||||||||||
| Principal | Issuer | Value | % of net assets | |||||||||||
| VARIABLE RATE SECURITIES | ||||||||||||||
| Federal Farm Credit Bank (FFCB) | ||||||||||||||
| $ | 10,000,000 | i | 0.105%, 10/15/21, SOFR + 0.055% | $ | 10,000,000 | 0.7 | % | |||||||
| 10,000,000 | i | 0.120%, 02/17/22, SOFR + 0.070% | 10,000,000 | 0.7 | ||||||||||
| 17,700,000 | i | 0.090%, 06/01/22, SOFR + 0.040% | 17,700,265 | 1.2 | ||||||||||
| 20,500,000 | i | 0.055%, 07/12/22, SOFR + 0.005% | 20,499,466 | 1.4 | ||||||||||
| 20,600,000 | i | 0.095%, 09/08/22, SOFR + 0.045% | 20,601,378 | 1.4 | ||||||||||
| 19,909,000 | i | 0.060%, 11/16/22, SOFR + 0.010% | 19,908,625 | 1.4 | ||||||||||
| 35,076,000 | i 0.070%–1.950%, 11/02/21–09/27/23, | |||||||||||||
| i | SOFR + 0.020%–SOFR + 0.190% | 34,280,948 | 2.4 | |||||||||||
| Federal Home Loan Bank (FHLB) | ||||||||||||||
| 25,000,000 | i | 0.170%, 10/13/21, SOFR + 0.120% | 25,000,000 | 1.7 | ||||||||||
| 15,000,000 | i | 0.130%, 02/22/22, SOFR + 0.080% | 15,000,000 | 1.1 | ||||||||||
| 10,000,000 | i | 0.105%, 05/13/22, SOFR + 0.055% | 10,000,000 | 0.7 | ||||||||||
| 10,825,000 | i | 0.095%, 07/29/22, SOFR + 0.045% | 10,825,000 | 0.8 | ||||||||||
| 10,000,000 | i | 0.135%, 10/05/22, SOFR + 0.085% | 10,000,000 | 0.7 | ||||||||||
| 36,500,000 | i | 0.110%, 12/08/22, SOFR + 0.060% | 36,512,378 | 2.6 | ||||||||||
| 64,330,000 | i | 0.060%–3.000%, 10/12/21–08/11/23, | ||||||||||||
| i | SOFR + 0.030%–SOFR + 0.090% | 46,156,109 | 3.2 | |||||||||||
| Federal Home Loan Mortgage Corp (FHLMC) | ||||||||||||||
| 10,150,000 | i | 0.145%, 08/19/22, SOFR + 0.095% | 10,150,080 | 0.8 | ||||||||||
| Federal National Mortgage Association (FNMA) | ||||||||||||||
| 10,000,000 | i | 0.370%, 10/22/21, SOFR + 0.320% | 10,000,000 | 0.7 | ||||||||||
| 14,352,000 | i | 0.160%–1.375%, 10/07/21–07/29/22, | ||||||||||||
| SOFR + 0.110%–SOFR + 0.190% | 7,727,702 | 0.5 | ||||||||||||
| Other | 12,482,993 | 0.9 | ||||||||||||
| 326,844,944 | 22.9 | |||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $1,429,537,364) | 1,429,537,364 | 100.0 | ||||||||||||
| TOTAL PORTFOLIO (Cost $1,429,537,364) | 1,429,537,364 | 100.0 | ||||||||||||
| OTHER ASSETS & LIABILITIES, NET | 836,491 | 0.0 | ||||||||||||
| NET ASSETS | $ | 1,430,373,855 | 100.0 | % | ||||||||||
Abbreviation(s):
| SOFR | Secure Overnight Financing Rate |
| 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. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| 62 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
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| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 63 |
Statements of assets and liabilities (unaudited)
TIAA-CREF Funds ■ September 30, 2021
| Bond Index Fund | Core Bond Fund | Core Impact Bond Fund | Core Plus Bond Fund | 5–15 Year Laddered Tax-Exempt Bond Fund | Green Bond Fund | High-Yield Fund | Inflation-Linked Bond Fund | Short Duration Impact Bond Fund | Short-Term Bond Fund | Short-Term Bond Index Fund | Money Market Fund | ||||||||||||||||||||||||||||
| ASSETS | |||||||||||||||||||||||||||||||||||||||
| Portfolio investments, at value*† | $ | 21,570,646,326 | $ | 12,684,149,463 | $ | 7,971,126,237 | $ | 6,606,542,198 | $ | 278,908,412 | $ | 55,236,935 | $ | 3,747,728,205 | $ | 3,734,517,211 | $ | 36,361,622 | $ | 2,093,550,335 | $ | 1,277,836,043 | $ | 1,429,537,364 | |||||||||||||||
| Cash§ | 1,283,221 | 29,237,762 | 26,129,398 | 21,919,394 | 6,264,028 | 1,422 | 576,766 | 82,125 | 899 | — | 3,797 | 498 | |||||||||||||||||||||||||||
| Receivable from securities transactions | 137,377,489 | 10,814,735 | 7,632,050 | 5,351,977 | — | 33,271 | 5,679,752 | — | — | 3,871,822 | 27,598,442 | — | |||||||||||||||||||||||||||
| Receivable for delayed delivery securities | — | 1,007,457,806 | 442,978,379 | 405,055,893 | — | — | 4,814,510 | — | — | — | — | — | |||||||||||||||||||||||||||
| Receivable from Fund shares sold | 2,759,644 | 2,413,858 | 8,938,089 | 579,766 | 47,855 | 95,233 | 607,433 | 1,640,267 | 40,719 | 602,028 | 576,877 | 1,942,173 | |||||||||||||||||||||||||||
| Dividends and interest receivable | 93,259,258 | 54,913,411 | 36,021,323 | 33,604,055 | 3,325,775 | 345,975 | 45,203,974 | 8,278,588 | 149,371 | 6,669,180 | 2,589,491 | 367,831 | |||||||||||||||||||||||||||
| Due from affiliates | 678,870 | 1,228,755 | — | 791,911 | 4,825 | 18,460 | 186,346 | 429,835 | 18,103 | 226,075 | 66,328 | 210,958 | |||||||||||||||||||||||||||
| Receivable for variation margin on centrally cleared swap contracts | — | 186,038 | — | 227,380 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
| Receivable for variation margin on open futures contracts | — | — | — | — | — | — | — | 248,833 | — | 1,087,089 | — | — | |||||||||||||||||||||||||||
| Unrealized appreciation on forward foreign currency contracts | — | 49,849 | 260,068 | 37,387 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
| Other | 916,738 | 537,613 | 177,031 | 373,442 | 64,174 | 1,035 | 366,133 | 308,919 | 843 | 195,792 | 26,879 | — | |||||||||||||||||||||||||||
| Total assets | 21,806,921,546 | 13,790,989,290 | 8,493,262,575 | 7,074,483,403 | 288,615,069 | 55,732,331 | 3,805,163,119 | 3,745,505,778 | 36,571,557 | 2,106,202,321 | 1,308,697,857 | 1,432,058,824 | |||||||||||||||||||||||||||
| LIABILITIES | |||||||||||||||||||||||||||||||||||||||
| Management fees payable | 1,235,473 | 2,398,990 | 1,917,144 | 1,356,804 | 59,316 | 18,222 | 1,025,897 | 734,057 | 8,820 | 418,330 | 61,947 | 117,849 | |||||||||||||||||||||||||||
| Service agreement fees payable | 143,006 | 211,861 | 315,575 | 116,828 | 103 | 3,287 | 63,068 | 69,763 | 1,154 | 73,478 | 49,696 | 48,729 | |||||||||||||||||||||||||||
| Distribution fees payable | 11,059 | 22,618 | 74,923 | 63,066 | 56,626 | 1,587 | 58,346 | 32,953 | 592 | 32,762 | 823 | 63,815 | |||||||||||||||||||||||||||
| Due to affiliates | 42,801 | 25,223 | 19,856 | 19,684 | 6,524 | 9,211 | 16,350 | 16,045 | 9,180 | 13,891 | 12,447 | 11,272 | |||||||||||||||||||||||||||
| Overdraft payable | — | — | — | — | — | — | — | — | — | 40,960 | — | — | |||||||||||||||||||||||||||
| Payable for collateral for securities loaned | 71,866,360 | 29,530,512 | 30,035 | 13,678,548 | — | — | 28,424,688 | — | — | 8,026,626 | 2,927,336 | — | |||||||||||||||||||||||||||
| Payable for securities transactions | 76,701,026 | 13,810,852 | 33,527,996 | 250,393 | 1,483,900 | 300,000 | 18,421,617 | — | — | 20,367,304 | 43,363,831 | — | |||||||||||||||||||||||||||
| Payable for delayed delivery securities | 329,804,308 | 3,089,673,111 | 1,365,243,798 | 1,249,034,449 | — | — | 74,043,637 | — | — | — | — | — | |||||||||||||||||||||||||||
| Payable for Fund shares redeemed | 56,807,295 | 39,422,062 | 7,677,998 | 24,758,996 | 31,888 | 2,257 | 7,242,223 | 5,941,364 | 3,621 | 6,370,944 | 3,979,860 | 1,325,951 | |||||||||||||||||||||||||||
| Income distribution payable | 17,193,735 | 10,613,203 | 2,093,653 | 9,203,232 | 35,985 | 48,960 | 3,415,377 | — | 29,833 | 1,940,372 | 455,477 | 2,488 | |||||||||||||||||||||||||||
| Payable for trustee compensation | 924,866 | 537,307 | 179,700 | 375,656 | 64,272 | 1,047 | 364,740 | 308,315 | 857 | 196,436 | 27,173 | 446 | |||||||||||||||||||||||||||
| Accrued expenses and other payables | 820,645 | 619,277 | 299,405 | 303,802 | 74,495 | 66,919 | 218,781 | 159,281 | 65,058 | 151,222 | 74,125 | 114,419 | |||||||||||||||||||||||||||
| Total liabilities | 555,550,574 | 3,186,865,016 | 1,411,380,083 | 1,299,161,458 | 1,813,109 | 451,490 | 133,294,724 | 7,261,778 | 119,115 | 37,632,325 | 50,952,715 | 1,684,969 | |||||||||||||||||||||||||||
| NET ASSETS | $ | 21,251,370,972 | $ | 10,604,124,274 | $ | 7,081,882,492 | $ | 5,775,321,945 | $ | 286,801,960 | $ | 55,280,841 | $ | 3,671,868,395 | $ | 3,738,244,000 | $ | 36,452,442 | $ | 2,068,569,996 | $ | 1,257,745,142 | $ | 1,430,373,855 | |||||||||||||||
| NET ASSETS CONSIST OF: | |||||||||||||||||||||||||||||||||||||||
| Paid-in-capital | $ | 20,568,861,090 | $ | 10,374,422,251 | $ | 6,984,054,709 | $ | 5,576,004,806 | $ | 271,676,728 | $ | 53,665,663 | $ | 3,807,041,780 | $ | 3,409,223,829 | $ | 35,819,440 | $ | 2,054,244,347 | $ | 1,250,705,849 | $ | 1,430,329,002 | |||||||||||||||
| Total distributable earnings (loss) | 682,509,882 | 229,702,023 | 97,827,783 | 199,317,139 | 15,125,232 | 1,615,178 | (135,173,385 | ) | 329,020,171 | 633,002 | 14,325,649 | 7,039,293 | 44,853 | ||||||||||||||||||||||||||
| NET ASSETS | $ | 21,251,370,972 | $ | 10,604,124,274 | $ | 7,081,882,492 | $ | 5,775,321,945 | $ | 286,801,960 | $ | 55,280,841 | $ | 3,671,868,395 | $ | 3,738,244,000 | $ | 36,452,442 | $ | 2,068,569,996 | $ | 1,257,745,142 | $ | 1,430,373,855 | |||||||||||||||
| * | Includes securities loaned of | $ | 71,973,574 | $ | 28,860,133 | $ | 5,032,341 | $ | 13,363,822 | $ | — | $ | — | $ | 28,417,544 | $ | — | $ | — | $ | 7,847,546 | $ | 2,763,238 | $ | — | ||||||||||||||
| † | Portfolio investments, cost | $ | 20,907,792,516 | $ | 12,495,596,100 | $ | 7,876,398,401 | $ | 6,499,158,802 | $ | 265,769,751 | $ | 53,803,441 | $ | 3,653,033,435 | $ | 3,483,094,364 | $ | 35,909,101 | $ | 2,080,099,957 | $ | 1,275,873,329 | $ | 1,429,537,364 | ||||||||||||||
| § | Includes cash collateral for mortgage dollar rolls of | $ | — | $ | 28,650,000 | $ | 25,927,560 | $ | 20,300,000 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||
| 64 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 65 |
| Statements of assets and liabilities (unaudited) | concluded |
TIAA-CREF Funds ■ September 30, 2021
| Bond Index Fund | Core Bond Fund | Core Impact Bond Fund | Core Plus Bond Fund | 5–15 Year Laddered Tax-Exempt Bond Fund | Green Bond Fund | High-Yield Fund | Inflation-Linked Bond Fund | Short Duration Impact Bond Fund | Short-Term Bond Fund | Short-Term Bond Index Fund | Money Market Fund | |||||||||||||||||||||||||||
| INSTITUTIONAL CLASS: | ||||||||||||||||||||||||||||||||||||||
| Net assets | $ | 10,075,021,636 | $ | 4,327,317,443 | $ | 4,720,484,506 | $ | 1,663,281,781 | $ | 12,495,175 | $ | 29,698,333 | $ | 2,581,556,164 | $ | 1,299,006,951 | $ | 25,058,836 | $ | 512,306,323 | $ | 77,581,112 | $ | 868,193,408 | ||||||||||||||
| Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 896,107,531 | 401,884,504 | 444,725,557 | 152,019,445 | 1,142,704 | 2,763,724 | 268,387,619 | 104,975,415 | 2,447,847 | 49,007,377 | 7,688,447 | 868,163,381 | ||||||||||||||||||||||||||
| Net asset value per share | $ | 11.24 | $ | 10.77 | $ | 10.61 | $ | 10.94 | $ | 10.93 | $ | 10.75 | $ | 9.62 | $ | 12.37 | $ | 10.24 | $ | 10.45 | $ | 10.09 | $ | 1.00 | ||||||||||||||
| ADVISOR CLASS: | ||||||||||||||||||||||||||||||||||||||
| Net assets | $ | 21,116,962 | $ | 759,147,326 | $ | 1,543,927,332 | $ | 193,696,342 | $ | 803,213 | $ | 2,306,876 | $ | 10,890,866 | $ | 162,806,824 | $ | 2,919,325 | $ | 231,567,206 | $ | 715,996 | $ | 1,116,292 | ||||||||||||||
| Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 1,878,092 | 70,455,308 | 145,369,598 | 17,688,293 | 73,496 | 214,668 | 1,133,132 | 13,154,816 | 285,159 | 22,161,503 | 70,989 | 1,116,237 | ||||||||||||||||||||||||||
| Net asset value per share | $ | 11.24 | $ | 10.77 | $ | 10.62 | $ | 10.95 | $ | 10.93 | $ | 10.75 | $ | 9.61 | $ | 12.38 | $ | 10.24 | $ | 10.45 | $ | 10.09 | $ | 1.00 | ||||||||||||||
| PREMIER CLASS: | ||||||||||||||||||||||||||||||||||||||
| Net assets | $ | 29,578,849 | $ | 7,448,166 | $ | 29,732,438 | $ | 7,329,670 | $ | — | $ | 1,074,603 | $ | 16,405,545 | $ | 2,888,191 | $ | 1,023,719 | $ | 3,561,974 | $ | 658,115 | $ | 30,916,894 | ||||||||||||||
| Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 2,631,147 | 691,482 | 2,799,723 | 669,977 | — | 100,000 | 1,703,291 | 233,827 | 100,000 | 340,407 | 65,275 | 30,907,932 | ||||||||||||||||||||||||||
| Net asset value per share | $ | 11.24 | $ | 10.77 | $ | 10.62 | $ | 10.94 | $ | — | $ | 10.75 | $ | 9.63 | $ | 12.35 | $ | 10.24 | $ | 10.46 | $ | 10.08 | $ | 1.00 | ||||||||||||||
| RETIREMENT CLASS: | ||||||||||||||||||||||||||||||||||||||
| Net assets | $ | 673,974,939 | $ | 206,559,799 | $ | 441,137,058 | $ | 381,891,222 | $ | — | $ | 15,224,705 | $ | 294,639,150 | $ | 180,008,450 | $ | 5,187,744 | $ | 131,640,386 | $ | 246,167,764 | $ | 239,235,657 | ||||||||||||||
| Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 59,918,779 | 18,831,012 | 41,551,414 | 34,861,802 | — | 1,416,669 | 30,621,056 | 14,433,395 | 506,701 | 12,578,980 | 24,397,954 | 239,225,962 | ||||||||||||||||||||||||||
| Net asset value per share | $ | 11.25 | $ | 10.97 | $ | 10.62 | $ | 10.95 | $ | — | $ | 10.75 | $ | 9.62 | $ | 12.47 | $ | 10.24 | $ | 10.47 | $ | 10.09 | $ | 1.00 | ||||||||||||||
| RETAIL CLASS: | ||||||||||||||||||||||||||||||||||||||
| Net assets | $ | 34,682,461 | $ | 104,750,223 | $ | 346,601,158 | $ | 300,034,694 | $ | 273,503,572 | $ | 6,976,324 | $ | 272,173,345 | $ | 158,503,952 | $ | 2,262,818 | $ | 156,680,986 | $ | 3,588,296 | $ | 290,911,604 | ||||||||||||||
| Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 3,083,067 | 9,559,207 | 32,675,381 | 27,370,152 | 24,988,333 | 649,128 | 28,168,711 | 13,161,089 | 221,034 | 14,977,884 | 355,669 | 290,890,518 | ||||||||||||||||||||||||||
| Net asset value per share | $ | 11.25 | $ | 10.96 | $ | 10.61 | $ | 10.96 | $ | 10.95 | $ | 10.75 | $ | 9.66 | $ | 12.04 | $ | 10.24 | $ | 10.46 | $ | 10.09 | $ | 1.00 | ||||||||||||||
| CLASS W: | ||||||||||||||||||||||||||||||||||||||
| Net assets | $ | 10,416,996,125 | $ | 5,198,901,317 | $ | — | $ | 3,229,088,236 | $ | — | $ | — | $ | 496,203,325 | $ | 1,935,029,632 | $ | — | $ | 1,032,813,121 | $ | 929,033,859 | $ | — | ||||||||||||||
| Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 926,401,734 | 482,781,434 | — | 295,133,985 | — | — | 51,581,832 | 156,377,157 | — | 98,805,687 | 92,069,990 | — | ||||||||||||||||||||||||||
| Net asset value per share | $ | 11.24 | $ | 10.77 | $ | — | $ | 10.94 | $ | — | $ | — | $ | 9.62 | $ | 12.37 | $ | — | $ | 10.45 | $ | 10.09 | $ | — | ||||||||||||||
| 66 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 67 |
Statements of operations (unaudited)
TIAA-CREF Funds ■ For the period ended September 30, 2021
| Bond Index Fund | Core Bond Fund | Core Impact Bond Fund | Core Plus Bond Fund | 5–15 Year Laddered Tax-Exempt Bond Fund | Green Bond Fund | High-Yield Fund | Inflation-Linked Bond Fund | Short Duration Impact Bond Fund | Short-Term Bond Fund | Short-Term Bond Index Fund | Money Market Fund | ||||||||||||||||||||||||||||||||||||||
| INVESTMENT INCOME | |||||||||||||||||||||||||||||||||||||||||||||||||
| Interest* | $ | 202,210,194 | $ | 107,063,739 | $ | 66,423,072 | $ | 76,358,215 | $ | 3,385,166 | $ | 701,539 | $ | 91,182,944 | $ | 133,145,755 | $ | 313,085 | $ | 19,033,272 | $ | 3,968,451 | $ | 379,637 | |||||||||||||||||||||||||
| Income from securities lending, net | 168,439 | 44,890 | 52,215 | 37,788 | — | — | 93,708 | 1,445 | 33 | 8,765 | 10,177 | — | |||||||||||||||||||||||||||||||||||||
| Dividends | — | 538,896 | 1,581,615 | 473,138 | — | 38,469 | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
| Total income | 202,378,633 | 107,647,525 | 68,056,902 | 76,869,141 | 3,385,166 | 740,008 | 91,276,652 | 133,147,200 | 313,118 | 19,042,037 | 3,978,628 | 379,637 | |||||||||||||||||||||||||||||||||||||
| EXPENSES | |||||||||||||||||||||||||||||||||||||||||||||||||
| Management fees | 9,319,176 | 13,319,643 | 11,178,180 | 8,158,843 | 359,495 | 107,272 | 6,207,454 | 4,256,514 | 51,284 | 2,555,680 | 388,729 | 697,913 | |||||||||||||||||||||||||||||||||||||
| Shareholder servicing – Institutional Class | 3,186 | 1,697 | 18,817 | 1,226 | 149 | 53 | 3,287 | 822 | 51 | 723 | 251 | 313 | |||||||||||||||||||||||||||||||||||||
| Shareholder servicing – Advisor Class | 9,825 | 511,065 | 447,818 | 82,634 | 444 | 199 | 5,379 | 65,222 | 181 | 110,355 | 442 | 200 | |||||||||||||||||||||||||||||||||||||
| Shareholder servicing – Premier Class | 50 | 43 | 5,042 | 38 | — | 40 | 39 | 39 | 40 | 40 | 43 | — | |||||||||||||||||||||||||||||||||||||
| Shareholder servicing – Retirement Class | 821,320 | 264,514 | 576,920 | 490,320 | — | 18,456 | 376,150 | 227,674 | 6,034 | 170,376 | 266,845 | 306,704 | |||||||||||||||||||||||||||||||||||||
| Shareholder servicing – Retail Class | 19,232 | 29,969 | 21,667 | 100,520 | 43,857 | 11,076 | 58,497 | 53,834 | 9,105 | 47,169 | 10,009 | 160,225 | |||||||||||||||||||||||||||||||||||||
| Shareholder servicing – Class W | 2,763 | 1,382 | — | 1,053 | — | — | 415 | 801 | — | 377 | 481 | — | |||||||||||||||||||||||||||||||||||||
| Distribution fees – Premier Class | 22,580 | 7,014 | 22,739 | 5,850 | — | 811 | 13,800 | 4,312 | 772 | 2,510 | 517 | 22,924 | |||||||||||||||||||||||||||||||||||||
| Distribution fees – Retail Class | 44,965 | 133,610 | 412,957 | 380,206 | 345,745 | 8,491 | 346,870 | 193,518 | 2,836 | 199,873 | 4,782 | 376,523 | |||||||||||||||||||||||||||||||||||||
| Custody and accounting fees | 225,767 | 93,387 | 44,896 | 84,726 | 15,249 | 10,080 | 33,241 | 16,459 | 10,166 | 28,643 | 12,761 | 29,305 | |||||||||||||||||||||||||||||||||||||
| Trustee fees and expenses | 105,755 | 47,728 | 34,318 | 29,864 | 1,470 | 274 | 19,163 | 17,795 | 178 | 10,884 | 5,907 | 6,958 | |||||||||||||||||||||||||||||||||||||
| Administrative service fees | 95,504 | 57,047 | 43,289 | 43,529 | 15,272 | 21,154 | 35,526 | 35,488 | 21,072 | 31,049 | 28,545 | 23,262 | |||||||||||||||||||||||||||||||||||||
| Professional fees | 78,461 | 49,221 | 41,627 | 47,362 | 17,690 | 22,170 | 35,821 | 25,962 | 24,646 | 34,659 | 32,217 | 22,117 | |||||||||||||||||||||||||||||||||||||
| Registration fees | 55,508 | 49,617 | 62,603 | 42,269 | 27,805 | 39,086 | 47,122 | 41,616 | 38,032 | 43,902 | 39,478 | 53,052 | |||||||||||||||||||||||||||||||||||||
| Other expenses | 420,880 | 274,490 | 1,062,125 | 89,767 | 10,799 | 11,274 | 63,263 | 118,911 | 4,991 | 31,379 | 46,739 | 30,581 | |||||||||||||||||||||||||||||||||||||
| Total expenses | 11,224,972 | 14,840,427 | 13,972,998 | 9,558,207 | 837,975 | 250,436 | 7,246,027 | 5,058,967 | 169,388 | 3,267,619 | 837,746 | 1,730,077 | |||||||||||||||||||||||||||||||||||||
| Less: Expenses reimbursed by the investment adviser | (4,868,210 | ) | (7,280,879 | ) | — | (4,697,916 | ) | (18,399 | ) | (110,043 | ) | (824,677 | ) | (2,162,441 | ) | (100,775 | ) | (1,311,988 | ) | (416,290 | ) | (1,350,440 | ) | ||||||||||||||||||||||||||
| Fee waiver by investment adviser and Nuveen Securities | — | — | — | — | — | — | (275,320 | ) | (357,053 | ) | — | — | — | — | |||||||||||||||||||||||||||||||||||
| Net expenses | 6,356,762 | 7,559,548 | 13,972,998 | 4,860,291 | 819,576 | 140,393 | 6,146,030 | 2,539,473 | 68,613 | 1,955,631 | 421,456 | 379,637 | |||||||||||||||||||||||||||||||||||||
| Net investment income (loss) | 196,021,871 | 100,087,977 | 54,083,904 | 72,008,850 | 2,565,590 | 599,615 | 85,130,622 | 130,607,727 | 244,505 | 17,086,406 | 3,557,172 | — | |||||||||||||||||||||||||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON TOTAL INVESTMENTS | |||||||||||||||||||||||||||||||||||||||||||||||||
| Realized gain (loss): | |||||||||||||||||||||||||||||||||||||||||||||||||
| Portfolio investments | 20,856,984 | 44,805,080 | 37,909,520 | 29,533,102 | 712,425 | 54,230 | 61,182,721 | 13,884,488 | 20,256 | 2,196,722 | 2,366,799 | 836 | |||||||||||||||||||||||||||||||||||||
| Futures contracts | — | — | — | — | — | — | — | (557,044 | ) | — | (644,782 | ) | — | — | |||||||||||||||||||||||||||||||||||
| Forward foreign currency contracts | — | 71,641 | 387,020 | 43,820 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
| Swap contracts | — | (1,081,048 | ) | — | (4,622,562 | ) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
| Foreign currency transactions | — | (478,421 | ) | 2,372 | (434,527 | ) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
| Net realized gain (loss) on total investments | 20,856,984 | 43,317,252 | 38,298,912 | 24,519,833 | 712,425 | 54,230 | 61,182,721 | 13,327,444 | 20,256 | 1,551,940 | 2,366,799 | 836 | |||||||||||||||||||||||||||||||||||||
| Change in unrealized appreciation (depreciation) on: | |||||||||||||||||||||||||||||||||||||||||||||||||
| Portfolio investments | 146,578,229 | 39,702,254 | 44,371,389 | 32,829,328 | 155,284 | 514,154 | (26,422,934 | ) | (11,635,350 | ) | (58,456 | ) | (3,092,455 | ) | (4,774,146 | ) | — | ||||||||||||||||||||||||||||||||
| Futures contracts | — | — | — | — | — | — | — | (102,339 | ) | — | (720,915 | ) | — | — | |||||||||||||||||||||||||||||||||||
| Forward foreign currency contracts | — | (44,428 | ) | (245,966 | ) | (33,320 | ) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
| Swap contracts | — | 617,034 | — | 1,401,553 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
| Translation of assets (other than portfolio investments) and liabilities denominated in foreign currencies | — | (12,253 | ) | (20,008 | ) | (9,856 | ) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
| Net change in unrealized appreciation (depreciation) on total investments and from affiliated investments | 146,578,229 | 40,262,607 | 44,105,415 | 34,187,705 | 155,284 | 514,154 | (26,422,934 | ) | (11,737,689 | ) | (58,456 | ) | (3,813,370 | ) | (4,774,146 | ) | — | ||||||||||||||||||||||||||||||||
| Net realized and unrealized gain (loss) on total investments | 167,435,213 | 83,579,859 | 82,404,327 | 58,707,538 | 867,709 | 568,384 | 34,759,787 | 1,589,755 | (38,200 | ) | (2,261,430 | ) | (2,407,347 | ) | 836 | ||||||||||||||||||||||||||||||||||
| Net increase (decrease) in net assets from operations | $ | 363,457,084 | $ | 183,667,836 | $ | 136,488,231 | $ | 130,716,388 | $ | 3,433,299 | $ | 1,167,999 | $ | 119,890,409 | $ | 132,197,482 | $ | 206,305 | $ | 14,824,976 | $ | 1,149,825 | $ | 836 | |||||||||||||||||||||||||
| * | Net of foreign withholding taxes of | $ | — | $ | 124,411 | $ | — | $ | 62,017 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 4,284 | $ | — | $ | — | ||||||||||||||||||||||||
| 68 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 69 |
Statements of changes in net assets
TIAA-CREF Funds ■ For the period or year ended
| Bond Index Fund | Core Bond Fund | Core Impact Bond Fund | Core Plus Bond Fund | 5-15 Year Laddered Tax-Exempt Bond Fund | Green Bond Fund | |||||||||||||||||||||||||||||||||||||||||||||
| September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | |||||||||||||||||||||||||||||||||||||||
| 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | |||||||||||||||||||||||||||||||||||||||
| (unaudited | ) | (unaudited | ) | (unaudited | ) | (unaudited | ) | (unaudited | ) | (unaudited | ) | |||||||||||||||||||||||||||||||||||||||
| OPERATIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Net investment income (loss) | $ | 196,021,871 | $ | 378,482,804 | $ | 100,087,977 | $ | 182,250,354 | $ | 54,083,904 | $ | 107,165,048 | $ | 72,008,850 | $ | 144,506,285 | $ | 2,565,590 | $ | 5,472,576 | $ | 599,615 | $ | 1,025,864 | ||||||||||||||||||||||||||
| Net realized gain (loss) on total investments | 20,856,984 | 105,003,966 | 43,317,252 | 91,525,926 | 38,298,912 | 82,117,573 | 24,519,833 | 83,298,173 | 712,425 | 1,262,775 | 54,230 | 750,757 | ||||||||||||||||||||||||||||||||||||||
| Net change in unrealized appreciation (depreciation) on total investments | 146,578,229 | (461,597,834 | ) | 40,262,607 | 93,017,936 | 44,105,415 | 43,811,152 | 34,187,705 | 130,781,908 | 155,284 | 9,721,080 | 514,154 | 849,043 | |||||||||||||||||||||||||||||||||||||
| Net increase (decrease) in net assets from operations | 363,457,084 | 21,888,936 | 183,667,836 | 366,794,216 | 136,488,231 | 233,093,773 | 130,716,388 | 358,586,366 | 3,433,299 | 16,456,431 | 1,167,999 | 2,625,664 | ||||||||||||||||||||||||||||||||||||||
| DISTRIBUTIONS TO SHAREHOLDERS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Institutional Class | (93,434,388 | ) | (276,146,082 | ) | (33,816,918 | ) | (92,991,478 | ) | (37,390,472 | ) | (164,369,131 | ) | (19,119,048 | ) | (52,937,053 | ) | (105,371 | ) | (168,185 | ) | (336,549 | ) | (1,008,735 | ) | ||||||||||||||||||||||||||
| Advisor Class | (175,856 | ) | (570,964 | ) | (6,799,516 | ) | (31,108,715 | ) | (11,363,881 | ) | (55,232,430 | ) | (2,213,400 | ) | (7,057,943 | ) | (7,393 | ) | (17,922 | ) | (21,878 | ) | (54,126 | ) | ||||||||||||||||||||||||||
| Premier Class | (256,039 | ) | (760,730 | ) | (83,027 | ) | (514,276 | ) | (223,177 | ) | (1,434,983 | ) | (83,294 | ) | (290,226 | ) | — | — | (11,778 | ) | (43,940 | ) | ||||||||||||||||||||||||||||
| Retirement Class | (5,260,764 | ) | (14,523,431 | ) | (1,769,598 | ) | (8,635,361 | ) | (3,240,285 | ) | (21,278,761 | ) | (3,998,064 | ) | (13,174,662 | ) | — | — | (160,546 | ) | (454,533 | ) | ||||||||||||||||||||||||||||
| Retail Class | (268,626 | ) | (915,835 | ) | (866,633 | ) | (4,180,968 | ) | (2,300,611 | ) | (11,232,764 | ) | (3,003,276 | ) | (9,539,184 | ) | (2,452,763 | ) | (6,124,364 | ) | (69,163 | ) | (186,041 | ) | ||||||||||||||||||||||||||
| Class W | (96,964,835 | ) | (227,534,145 | ) | (56,487,956 | ) | (185,991,035 | ) | — | — | (41,502,666 | ) | (100,167,200 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||
| Total distributions | (196,360,508 | ) | (520,451,187 | ) | (99,823,648 | ) | (323,421,833 | ) | (54,518,426 | ) | (253,548,069 | ) | (69,919,748 | ) | (183,166,268 | ) | (2,565,527 | ) | (6,310,471 | ) | (599,914 | ) | (1,747,375 | ) | ||||||||||||||||||||||||||
| SHAREHOLDER TRANSACTIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Subscriptions: | Institutional Class | 1,359,376,599 | 2,456,814,994 | 1,703,506,033 | 1,428,940,925 | 829,788,028 | 1,729,736,040 | 141,410,914 | 434,746,403 | 4,968,726 | 4,668,192 | 2,630,012 | 5,401,351 | |||||||||||||||||||||||||||||||||||||
| Advisor Class | 3,185,308 | 14,768,747 | 139,180,491 | 164,685,889 | 375,737,250 | 857,862,283 | 13,026,509 | 46,635,258 | 129,329 | 76,220 | 741,334 | 465,033 | ||||||||||||||||||||||||||||||||||||||
| Premier Class | 3,026,740 | 8,813,749 | 434,282 | 2,031,302 | 4,122,824 | 15,814,767 | 1,943,916 | 1,232,191 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
| Retirement Class | 68,422,010 | 201,302,428 | 5,271,542 | 28,199,126 | 4,078,655 | 14,749,094 | 7,155,984 | 41,833,062 | — | — | 2,414,921 | 9,873,545 | ||||||||||||||||||||||||||||||||||||||
| Retail Class | 2,545,161 | 15,173,942 | 3,737,156 | 13,674,368 | 59,960,670 | 131,698,861 | 6,184,938 | 22,198,451 | 7,162,025 | 17,297,942 | 1,774,691 | 5,095,909 | ||||||||||||||||||||||||||||||||||||||
| Class W | 1,683,887,562 | 4,005,490,787 | 582,743,806 | 1,910,560,846 | — | — | 275,160,032 | 1,083,646,811 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
| Reinvestments of distributions: | Institutional Class | 90,887,943 | 270,182,073 | 28,171,870 | 76,139,941 | 28,967,469 | 128,091,744 | 9,154,394 | 33,541,251 | 105,131 | 164,607 | 74,384 | 63,718 | |||||||||||||||||||||||||||||||||||||
| Advisor Class | 174,925 | 567,980 | 6,475,836 | 29,097,804 | 7,481,381 | 31,788,074 | 1,109,428 | 3,351,025 | 6,385 | 15,417 | 9,018 | 7,490 | ||||||||||||||||||||||||||||||||||||||
| Premier Class | 256,039 | 760,730 | 82,230 | 500,609 | 171,235 | 1,098,435 | 82,270 | 287,340 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
| Retirement Class | 5,259,241 | 14,523,122 | 1,769,480 | 8,634,601 | 3,239,898 | 21,276,448 | 3,998,064 | 13,174,631 | — | — | 148,755 | 410,582 | ||||||||||||||||||||||||||||||||||||||
| Retail Class | 258,009 | 885,879 | 818,638 | 3,946,957 | 2,235,974 | 10,850,665 | 2,809,986 | 8,942,620 | 2,250,420 | 5,639,132 | 57,743 | 142,107 | ||||||||||||||||||||||||||||||||||||||
| Class W | 1 | 62,702,755 | — | 79,899,081 | — | — | — | 21,371,561 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
| Redemptions: | Institutional Class | (1,172,673,537 | ) | (2,850,311,486 | ) | (248,873,715 | ) | (435,201,323 | ) | (362,764,844 | ) | (895,504,284 | ) | (113,125,072 | ) | (298,734,074 | ) | (655,679 | ) | (1,924,566 | ) | (1,015,150 | ) | (373,666 | ) | |||||||||||||||||||||||||
| Advisor Class | (1,143,666 | ) | (13,078,849 | ) | (148,868,051 | ) | (364,694,452 | ) | (141,957,833 | ) | (524,644,076 | ) | (31,001,041 | ) | (61,987,935 | ) | (73 | ) | (418,058 | ) | (26,682 | ) | (158 | ) | ||||||||||||||||||||||||||
| Premier Class | (2,843,030 | ) | (5,887,704 | ) | (4,853,776 | ) | (4,853,823 | ) | (7,874,504 | ) | (14,976,740 | ) | (2,945,239 | ) | (3,223,104 | ) | — | — | — | — | ||||||||||||||||||||||||||||||
| Retirement Class | (18,918,166 | ) | (34,262,425 | ) | (13,791,780 | ) | (38,214,994 | ) | (44,638,041 | ) | (95,942,563 | ) | (31,580,455 | ) | (68,316,770 | ) | — | — | (1,630,178 | ) | (2,649,604 | ) | ||||||||||||||||||||||||||||
| Retail Class | (4,467,931 | ) | (8,652,039 | ) | (8,285,717 | ) | (18,358,964 | ) | (24,245,061 | ) | (70,385,109 | ) | (14,530,002 | ) | (40,119,963 | ) | (8,815,464 | ) | (25,271,282 | ) | (1,268,447 | ) | (1,734,083 | ) | ||||||||||||||||||||||||||
| Class W | (452,205,932 | ) | (681,946,493 | ) | (230,461,402 | ) | (829,185,907 | ) | — | — | (119,153,358 | ) | (415,757,207 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||
| Net increase (decrease) from shareholder transactions | 1,565,027,276 | 3,457,848,190 | 1,817,056,923 | 2,055,801,986 | 734,303,101 | 1,341,513,639 | 149,701,268 | 822,821,551 | 5,150,800 | 247,604 | 3,910,401 | 16,702,224 | ||||||||||||||||||||||||||||||||||||||
| Net increase (decrease) in net assets | 1,732,123,852 | 2,959,285,939 | 1,900,901,111 | 2,099,174,369 | 816,272,906 | 1,321,059,343 | 210,497,908 | 998,241,649 | 6,018,572 | 10,393,564 | 4,478,486 | 17,580,513 | ||||||||||||||||||||||||||||||||||||||
| NET ASSETS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Beginning of period | 19,519,247,120 | 16,559,961,181 | 8,703,223,163 | 6,604,048,794 | 6,265,609,586 | 4,944,550,243 | 5,564,824,037 | 4,566,582,388 | 280,783,388 | 270,389,824 | 50,802,355 | 33,221,842 | ||||||||||||||||||||||||||||||||||||||
| End of period | $ | 21,251,370,972 | $ | 19,519,247,120 | $ | 10,604,124,274 | $ | 8,703,223,163 | $ | 7,081,882,492 | $ | 6,265,609,586 | $ | 5,775,321,945 | $ | 5,564,824,037 | $ | 286,801,960 | $ | 280,783,388 | $ | 55,280,841 | $ | 50,802,355 | ||||||||||||||||||||||||||
| 70 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 71 |
| Statements of changes in net assets | continued |
TIAA-CREF Funds ■ For the period or year ended
| Bond Index Fund | Core Bond Fund | Core Impact Bond Fund | Core Plus Bond Fund | 5-15 Year Laddered Tax-Exempt Bond Fund | Green Bond Fund | |||||||||||||||||||||||||||||||||||||||||||||
| September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | |||||||||||||||||||||||||||||||||||||||
| 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | |||||||||||||||||||||||||||||||||||||||
| (unaudited | ) | (unaudited | ) | (unaudited | ) | (unaudited | ) | (unaudited | ) | (unaudited | ) | |||||||||||||||||||||||||||||||||||||||
| CHANGE IN FUND SHARES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Shares sold: | Institutional Class | 120,808,312 | 212,593,068 | 156,912,264 | 130,882,185 | 78,047,589 | 159,781,356 | 12,894,822 | 39,601,213 | 449,409 | 436,915 | 243,947 | 496,961 | |||||||||||||||||||||||||||||||||||||
| Advisor Class | 281,838 | 1,271,130 | 12,939,005 | 15,027,739 | 35,305,650 | 79,188,356 | 1,187,376 | 4,250,982 | 11,767 | 6,973 | 68,524 | 42,486 | ||||||||||||||||||||||||||||||||||||||
| Premier Class | 268,091 | 760,651 | 40,222 | 186,215 | 387,427 | 1,458,864 | 177,265 | 111,856 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
| Retirement Class | 6,064,519 | 17,385,750 | 479,585 | 2,526,492 | 384,077 | 1,356,443 | 651,589 | 3,802,018 | — | — | 224,166 | 904,324 | ||||||||||||||||||||||||||||||||||||||
| Retail Class | 224,805 | 1,303,226 | 340,430 | 1,221,128 | 5,641,778 | 12,189,880 | 563,370 | 2,033,328 | 648,592 | 1,591,476 | 164,782 | 467,822 | ||||||||||||||||||||||||||||||||||||||
| Class W | 149,297,237 | 346,154,733 | 54,027,716 | 174,118,451 | — | — | 25,138,904 | 98,562,739 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
| Shares reinvested: | Institutional Class | 8,051,179 | 23,346,381 | 2,608,076 | 6,942,626 | 2,720,968 | 11,835,090 | 834,262 | 3,041,603 | 9,544 | 15,177 | 6,896 | 5,853 | |||||||||||||||||||||||||||||||||||||
| Advisor Class | 15,493 | 49,033 | 599,258 | 2,650,746 | 702,393 | 2,935,530 | 101,052 | 304,210 | 580 | 1,425 | 835 | 687 | ||||||||||||||||||||||||||||||||||||||
| Premier Class | 22,681 | 65,733 | 7,618 | 45,590 | 16,079 | 101,390 | 7,502 | 26,118 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
| Retirement Class | 465,518 | 1,254,614 | 160,870 | 772,476 | 304,355 | 1,965,138 | 363,937 | 1,194,908 | — | — | 13,792 | 37,579 | ||||||||||||||||||||||||||||||||||||||
| Retail Class | 22,840 | 76,497 | 74,492 | 353,481 | 210,193 | 1,003,502 | 255,622 | 810,686 | 204,052 | 520,327 | 5,353 | 13,008 | ||||||||||||||||||||||||||||||||||||||
| Class W | — | 5,414,746 | — | 7,276,783 | — | — | — | 1,923,633 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
| Shares redeemed: | Institutional Class | (104,369,238 | ) | (245,929,801 | ) | (23,002,556 | ) | (39,781,010 | ) | (34,095,664 | ) | (83,146,337 | ) | (10,297,152 | ) | (27,352,873 | ) | (59,334 | ) | (180,027 | ) | (93,810 | ) | (34,476 | ) | |||||||||||||||||||||||||
| Advisor Class | (101,352 | ) | (1,128,848 | ) | (13,839,749 | ) | (33,363,140 | ) | (13,340,900 | ) | (48,707,008 | ) | (2,830,317 | ) | (5,666,333 | ) | (7 | ) | (39,263 | ) | (2,465 | ) | (15 | ) | ||||||||||||||||||||||||||
| Premier Class | (250,340 | ) | (509,261 | ) | (449,654 | ) | (443,450 | ) | (741,992 | ) | (1,383,780 | ) | (268,332 | ) | (292,902 | ) | — | — | — | — | ||||||||||||||||||||||||||||||
| Retirement Class | (1,672,354 | ) | (2,962,781 | ) | (1,253,947 | ) | (3,423,565 | ) | (4,195,749 | ) | (8,874,038 | ) | (2,876,946 | ) | (6,234,753 | ) | — | — | (151,466 | ) | (243,413 | ) | ||||||||||||||||||||||||||||
| Retail Class | (396,273 | ) | (745,599 | ) | (754,851 | ) | (1,649,105 | ) | (2,283,287 | ) | (6,521,498 | ) | (1,322,157 | ) | (3,665,830 | ) | (797,695 | ) | (2,338,800 | ) | (117,855 | ) | (159,392 | ) | ||||||||||||||||||||||||||
| Class W | (40,176,551 | ) | (58,874,575 | ) | (21,349,938 | ) | (76,076,409 | ) | — | — | (10,864,951 | ) | (38,149,008 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||
| Net increase (decrease) from shareholder transactions | 138,556,405 | 299,524,697 | 167,538,841 | 187,267,233 | 69,062,917 | 123,182,888 | 13,715,846 | 74,301,595 | 466,908 | 14,203 | 362,699 | 1,531,424 | ||||||||||||||||||||||||||||||||||||||
| 72 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 73 |
| Statements of changes in net assets | continued |
TIAA-CREF Funds ■ For the period or year ended
| High-Yield Fund | Inflation-Linked Bond Fund | Short Duration Impact Bond Fund | Short-Term Bond Fund | Short-Term Bond Index Fund | Money Market Fund | |||||||||||||||||||||||||||||||||||||||||||||
| September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | |||||||||||||||||||||||||||||||||||||||
| 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | |||||||||||||||||||||||||||||||||||||||
| (unaudited | ) | (unaudited | ) | (unaudited | ) | (unaudited | ) | (unaudited | ) | (unaudited | ) | |||||||||||||||||||||||||||||||||||||||
| OPERATIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Net investment income (loss) | $ | 85,130,622 | $ | 194,549,033 | $ | 130,607,727 | $ | 50,168,853 | $ | 244,505 | $ | 601,656 | $ | 17,086,406 | $ | 34,796,670 | $ | 3,557,172 | $ | 11,152,228 | $ | — | $ | 1,477,342 | ||||||||||||||||||||||||||
| Net realized gain (loss) on total investments | 61,182,721 | (75,148,118 | ) | 13,327,444 | 34,952,895 | 20,256 | 397,592 | 1,551,940 | 9,312,983 | 2,366,799 | 6,440,656 | 836 | 19,335 | |||||||||||||||||||||||||||||||||||||
| Net change in unrealized appreciation (depreciation) on total investments | (26,422,934 | ) | 545,888,369 | (11,737,689 | ) | 165,959,791 | (58,456 | ) | 980,867 | (3,813,370 | ) | 35,813,951 | (4,774,146 | ) | (6,917,171 | ) | — | — | ||||||||||||||||||||||||||||||||
| Net increase (decrease) in net assets from operations | 119,890,409 | 665,289,284 | 132,197,482 | 251,081,539 | 206,305 | 1,980,115 | 14,824,976 | 79,923,604 | 1,149,825 | 10,675,713 | 836 | 1,496,677 | ||||||||||||||||||||||||||||||||||||||
| DISTRIBUTIONS TO SHAREHOLDERS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Institutional Class | (59,644,496 | ) | (136,677,735 | ) | (32,312,102 | ) | (18,322,810 | ) | (182,580 | ) | (660,441 | ) | (4,247,025 | ) | (11,691,144 | ) | (227,538 | ) | (1,008,902 | ) | — | (1,092,494 | ) | |||||||||||||||||||||||||||
| Advisor Class | (213,179 | ) | (317,334 | ) | (4,248,620 | ) | (1,677,275 | ) | (11,521 | ) | (30,264 | ) | (1,750,998 | ) | (3,132,353 | ) | (1,628 | ) | (17,438 | ) | — | (1,810 | ) | |||||||||||||||||||||||||||
| Premier Class | (413,058 | ) | (1,028,780 | ) | (151,225 | ) | (90,185 | ) | (6,869 | ) | (27,415 | ) | (23,591 | ) | (72,374 | ) | (1,475 | ) | (10,323 | ) | — | (180,624 | ) | |||||||||||||||||||||||||||
| Retirement Class | (6,593,585 | ) | (15,172,810 | ) | (4,629,410 | ) | (2,046,885 | ) | (30,177 | ) | (106,548 | ) | (889,926 | ) | (2,027,413 | ) | (355,669 | ) | (1,568,583 | ) | — | (141,850 | ) | |||||||||||||||||||||||||||
| Retail Class | (6,024,858 | ) | (13,517,178 | ) | (4,083,632 | ) | (1,633,050 | ) | (14,002 | ) | (42,124 | ) | (998,392 | ) | (2,444,158 | ) | (4,189 | ) | (48,338 | ) | — | (61,319 | ) | |||||||||||||||||||||||||||
| Class W | (12,234,082 | ) | (27,886,439 | ) | (53,479,358 | ) | (25,359,464 | ) | — | — | (9,158,839 | ) | (16,803,651 | ) | (2,966,677 | ) | (10,844,607 | ) | — | — | ||||||||||||||||||||||||||||||
| Total distributions | (85,123,258 | ) | (194,600,276 | ) | (98,904,347 | ) | (49,129,669 | ) | (245,149 | ) | (866,792 | ) | (17,068,771 | ) | (36,171,093 | ) | (3,557,176 | ) | (13,498,191 | ) | — | (1,478,097 | ) | |||||||||||||||||||||||||||
| SHAREHOLDER TRANSACTIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Subscriptions: | Institutional Class | 330,729,462 | 1,222,458,027 | 339,936,695 | 252,784,435 | 1,149,889 | 1,366,411 | 68,746,930 | 245,990,712 | 6,568,582 | 31,834,826 | 295,181,010 | 442,102,990 | |||||||||||||||||||||||||||||||||||||
| Advisor Class | 6,532,200 | 7,973,217 | 55,449,874 | 47,012,800 | 1,952,276 | 85,467 | 43,239,631 | 121,218,722 | 105,371 | 1,253,362 | 300,852 | 92,843 | ||||||||||||||||||||||||||||||||||||||
| Premier Class | 6,130,744 | 3,356,122 | 670,292 | 7,147,889 | — | — | 496,649 | 1,954,283 | 168,308 | 184,844 | 17,566,490 | 189,053,632 | ||||||||||||||||||||||||||||||||||||||
| Retirement Class | 4,856,598 | 20,428,838 | 5,060,377 | 8,482,886 | 1,166,219 | 2,004,385 | 6,529,392 | 52,232,704 | 66,743,740 | 102,837,518 | 55,102,561 | 176,643,982 | ||||||||||||||||||||||||||||||||||||||
| Retail Class | 27,617,272 | 45,326,476 | 15,164,293 | 28,240,214 | 216,287 | 1,129,866 | 3,466,697 | 10,137,654 | 134,102 | 2,319,801 | 41,798,678 | 131,431,955 | ||||||||||||||||||||||||||||||||||||||
| Class W | 38,070,886 | 253,074,356 | 261,712,165 | 594,234,969 | — | — | 125,357,620 | 337,947,693 | 173,117,342 | 336,940,643 | — | — | ||||||||||||||||||||||||||||||||||||||
| Reinvestments of distributions: | Institutional Class | 49,525,536 | 117,068,736 | 30,655,890 | 17,546,587 | 21,668 | 52,403 | 2,631,224 | 8,290,525 | 227,538 | 1,008,778 | — | 1,089,610 | |||||||||||||||||||||||||||||||||||||
| Advisor Class | 198,528 | 294,228 | 2,389,314 | 704,677 | 3,956 | 1,340 | 957,547 | 1,401,068 | 1,393 | 15,997 | — | 1,683 | ||||||||||||||||||||||||||||||||||||||
| Premier Class | 413,058 | 1,028,264 | 151,225 | 90,185 | — | — | 23,591 | 72,374 | 936 | 6,795 | — | 162,176 | ||||||||||||||||||||||||||||||||||||||
| Retirement Class | 6,593,419 | 15,172,222 | 4,629,410 | 2,046,885 | 23,691 | 80,152 | 889,926 | 2,027,418 | 355,669 | 1,568,471 | — | 141,848 | ||||||||||||||||||||||||||||||||||||||
| Retail Class | 5,584,346 | 12,611,107 | 3,661,126 | 1,455,235 | 7,585 | 15,443 | 929,495 | 2,261,446 | 4,070 | 47,504 | — | 60,308 | ||||||||||||||||||||||||||||||||||||||
| Class W | — | 57 | — | — | — | — | — | 582,474 | — | 1,818,242 | — | — | ||||||||||||||||||||||||||||||||||||||
| Redemptions: | Institutional Class | (525,983,157 | ) | (1,243,758,639 | ) | (292,076,499 | ) | (845,770,706 | ) | (38,301 | ) | (444,397 | ) | (224,767,993 | ) | (219,612,183 | ) | (6,399,106 | ) | (10,057,422 | ) | (238,289,652 | ) | (721,317,556 | ) | |||||||||||||||||||||||||
| Advisor Class | (4,239,210 | ) | (5,357,880 | ) | (19,742,133 | ) | (74,266,672 | ) | (109,496 | ) | (35,749 | ) | (42,713,004 | ) | (65,633,564 | ) | (85,154 | ) | (1,212,889 | ) | (202,326 | ) | (301,415 | ) | ||||||||||||||||||||||||||
| Premier Class | (10,548,057 | ) | (6,241,565 | ) | (6,213,845 | ) | (2,459,784 | ) | — | — | (153,061 | ) | (3,147,829 | ) | (143,201 | ) | (178,048 | ) | (22,660,959 | ) | (594,582,716 | ) | ||||||||||||||||||||||||||||
| Retirement Class | (26,190,143 | ) | (63,843,003 | ) | (10,676,522 | ) | (31,262,593 | ) | (733,507 | ) | (733,177 | ) | (17,900,815 | ) | (27,612,058 | ) | (24,663 | ) | (7,581,019 | ) | (86,269,176 | ) | (237,349,564 | ) | ||||||||||||||||||||||||||
| Retail Class | (40,524,462 | ) | (86,368,883 | ) | (12,040,965 | ) | (37,204,304 | ) | (165,472 | ) | (216,967 | ) | (9,860,387 | ) | (27,434,464 | ) | (860,864 | ) | (1,153,267 | ) | (61,898,401 | ) | (152,538,312 | ) | ||||||||||||||||||||||||||
| Class W | (16,063,355 | ) | (226,865,222 | ) | (91,254,602 | ) | (180,734,642 | ) | — | — | (46,545,758 | ) | (135,289,102 | ) | (45,588,162 | ) | (65,686,930 | ) | — | — | ||||||||||||||||||||||||||||||
| Net increase (decrease) from shareholder transactions | (147,296,335 | ) | 66,356,458 | 287,476,095 | (211,951,939 | ) | 3,494,795 | 3,305,177 | (88,672,316 | ) | 305,387,873 | 194,325,901 | 393,967,206 | 629,077 | (765,308,536 | ) | ||||||||||||||||||||||||||||||||||
| Net increase (decrease) in net assets | (112,529,184 | ) | 537,045,466 | 320,769,230 | (10,000,069 | ) | 3,455,951 | 4,418,500 | (90,916,111 | ) | 349,140,384 | 191,918,550 | 391,144,728 | 629,913 | (765,289,956 | ) | ||||||||||||||||||||||||||||||||||
| NET ASSETS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Beginning of period | 3,784,397,579 | 3,247,352,113 | 3,417,474,770 | 3,427,474,839 | 32,996,491 | 28,577,991 | 2,159,486,107 | 1,810,345,723 | 1,065,826,592 | 674,681,864 | 1,429,743,942 | 2,195,033,898 | ||||||||||||||||||||||||||||||||||||||
| End of period | $ | 3,671,868,395 | $ | 3,784,397,579 | $ | 3,738,244,000 | $ | 3,417,474,770 | $ | 36,452,442 | $ | 32,996,491 | $ | 2,068,569,996 | $ | 2,159,486,107 | $ | 1,257,745,142 | $ | 1,065,826,592 | $ | 1,430,373,855 | $ | 1,429,743,942 | ||||||||||||||||||||||||||
| 74 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 75 |
| Statements of changes in net assets | concluded |
TIAA-CREF Funds ■ For the period or year ended
| High-Yield Fund | Inflation-Linked Bond Fund | Short Duration Impact Bond Fund | Short-Term Bond Fund | Short-Term Bond Index Fund | Money Market Fund | |||||||||||||||||||||||||||||||||||||||||||||
| September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | September 30, | March 31, | |||||||||||||||||||||||||||||||||||||||
| 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | |||||||||||||||||||||||||||||||||||||||
| (unaudited) | (unaudited | ) | (unaudited | ) | (unaudited | ) | (unaudited | ) | (unaudited | ) | ||||||||||||||||||||||||||||||||||||||||
| CHANGE IN FUND SHARES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Shares sold: | Institutional Class | 34,372,754 | 132,386,946 | 27,050,254 | 20,863,995 | 112,036 | 133,194 | 6,561,376 | 23,523,971 | 649,917 | 3,134,042 | 295,181,010 | 442,102,990 | |||||||||||||||||||||||||||||||||||||
| Advisor Class | 680,329 | 868,826 | 4,457,935 | 3,882,496 | 190,394 | 8,420 | 4,128,327 | 11,606,447 | 10,429 | 123,074 | 300,853 | 92,843 | ||||||||||||||||||||||||||||||||||||||
| Premier Class | 634,534 | 361,343 | 53,954 | 601,096 | — | — | 47,343 | 188,131 | 16,662 | 18,212 | 17,566,490 | 189,053,632 | ||||||||||||||||||||||||||||||||||||||
| Retirement Class | 504,759 | 2,219,208 | 403,076 | 695,853 | 113,650 | 195,234 | 622,529 | 4,993,483 | 6,605,032 | 10,126,991 | 55,102,562 | 176,643,982 | ||||||||||||||||||||||||||||||||||||||
| Retail Class | 2,857,834 | 4,897,348 | 1,247,859 | 2,394,559 | 21,076 | 109,891 | 330,536 | 969,690 | 13,275 | 228,273 | 41,798,679 | 131,431,955 | ||||||||||||||||||||||||||||||||||||||
| Class W | 3,961,793 | 28,164,616 | 21,038,940 | 49,062,320 | — | — | 11,962,567 | 32,295,855 | 17,128,802 | 33,149,034 | — | — | ||||||||||||||||||||||||||||||||||||||
| Shares reinvested: | Institutional Class | 5,147,396 | 12,632,844 | 2,481,014 | 1,443,612 | 2,112 | 5,102 | 251,100 | 792,090 | 22,516 | 99,260 | — | 1,089,610 | |||||||||||||||||||||||||||||||||||||
| Advisor Class | 20,646 | 31,682 | 193,411 | 57,946 | 386 | 130 | 91,440 | 133,894 | 138 | 1,574 | — | 1,683 | ||||||||||||||||||||||||||||||||||||||
| Premier Class | 42,877 | 111,053 | 12,302 | 7,430 | — | — | 2,249 | 6,913 | 92 | 669 | — | 162,176 | ||||||||||||||||||||||||||||||||||||||
| Retirement Class | 685,058 | 1,639,517 | 372,011 | 167,054 | 2,309 | 7,804 | 84,834 | 193,472 | 35,195 | 154,357 | — | 141,847 | ||||||||||||||||||||||||||||||||||||||
| Retail Class | 577,803 | 1,357,361 | 304,567 | 122,815 | 739 | 1,503 | 88,664 | 216,004 | 403 | 4,675 | — | 60,308 | ||||||||||||||||||||||||||||||||||||||
| Class W | — | 6 | — | — | — | — | — | 55,421 | — | 179,314 | — | — | ||||||||||||||||||||||||||||||||||||||
| Shares redeemed: | Institutional Class | (54,878,189 | ) | (134,357,349 | ) | (23,384,052 | ) | (70,083,018 | ) | (3,735 | ) | (43,161 | ) | (21,449,047 | ) | (20,987,233 | ) | (633,145 | ) | (991,195 | ) | (238,289,652 | ) | (721,317,556 | ) | |||||||||||||||||||||||||
| Advisor Class | (441,953 | ) | (585,602 | ) | (1,582,771 | ) | (6,137,928 | ) | (10,681 | ) | (3,490 | ) | (4,078,792 | ) | (6,281,143 | ) | (8,429 | ) | (119,532 | ) | (202,326 | ) | (301,415 | ) | ||||||||||||||||||||||||||
| Premier Class | (1,091,956 | ) | (670,159 | ) | (504,298 | ) | (202,960 | ) | — | — | (14,593 | ) | (299,786 | ) | (14,165 | ) | (17,576 | ) | (22,660,959 | ) | (594,582,716 | ) | ||||||||||||||||||||||||||||
| Retirement Class | (2,724,244 | ) | (6,897,819 | ) | (848,868 | ) | (2,571,756 | ) | (71,482 | ) | (71,390 | ) | (1,706,822 | ) | (2,636,569 | ) | (2,440 | ) | (744,216 | ) | (86,269,176 | ) | (237,349,564 | ) | ||||||||||||||||||||||||||
| Retail Class | (4,192,572 | ) | (9,356,735 | ) | (992,523 | ) | (3,165,478 | ) | (16,135 | ) | (21,077 | ) | (940,468 | ) | (2,622,580 | ) | (85,182 | ) | (113,556 | ) | (61,898,401 | ) | (152,538,312 | ) | ||||||||||||||||||||||||||
| Class W | (1,672,003 | ) | (24,192,680 | ) | (7,318,940 | ) | (14,922,941 | ) | — | — | (4,444,995 | ) | (12,972,205 | ) | (4,511,653 | ) | (6,466,461 | ) | — | — | ||||||||||||||||||||||||||||||
| Net increase (decrease) from shareholder transactions | (15,515,134 | ) | 8,610,406 | 22,983,871 | (17,784,905 | ) | 340,669 | 322,160 | (8,463,752 | ) | 29,175,855 | 19,227,447 | 38,766,939 | 629,080 | (765,308,537 | ) | ||||||||||||||||||||||||||||||||||
| 76 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 77 |
TIAA-CREF Funds
| Selected per share data | ||||||||||||||||||||||||||||||||||
| Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||
| For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||
| period or year ended | value, beginning of period | investment income (loss | )a | unrealized gain (loss) on total investments | (loss)
from investment operations | Net investment income | Net realized gains | dividends and distributions | value, end of period | |||||||||||||||||||||||||
| BOND INDEX FUND | ||||||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | $11.14 | $0.10 | $ 0.10 | $0.20 | $(0.10 | ) | $ — | $(0.10 | ) | $11.24 | ||||||||||||||||||||||
| 3/31/21 | 11.40 | 0.24 | (0.17 | ) | 0.07 | (0.24 | ) | (0.09 | ) | (0.33 | ) | 11.14 | ||||||||||||||||||||||
| 3/31/20 | 10.76 | 0.29 | 0.64 | 0.93 | (0.29 | ) | — | (0.29 | ) | 11.40 | ||||||||||||||||||||||||
| 3/31/19 | 10.58 | 0.29 | 0.18 | 0.47 | (0.29 | ) | — | (0.29 | ) | 10.76 | ||||||||||||||||||||||||
| 3/31/18 | 10.75 | 0.26 | (0.17 | ) | 0.09 | (0.26 | ) | (0.00 | )d | (0.26 | ) | 10.58 | ||||||||||||||||||||||
| 3/31/17 | 10.98 | 0.25 | (0.23 | ) | 0.02 | (0.25 | ) | — | (0.25 | ) | 10.75 | |||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 11.14 | 0.10 | 0.10 | 0.20 | (0.10 | ) | — | (0.10 | ) | 11.24 | ||||||||||||||||||||||
| 3/31/21 | 11.41 | 0.23 | (0.18 | ) | 0.05 | (0.23 | ) | (0.09 | ) | (0.32 | ) | 11.14 | ||||||||||||||||||||||
| 3/31/20 | 10.76 | 0.27 | 0.66 | 0.93 | (0.28 | ) | — | (0.28 | ) | 11.41 | ||||||||||||||||||||||||
| 3/31/19 | 10.59 | 0.28 | 0.17 | 0.45 | (0.28 | ) | — | (0.28 | ) | 10.76 | ||||||||||||||||||||||||
| 3/31/18 | 10.76 | 0.25 | (0.17 | ) | 0.08 | (0.25 | ) | (0.00 | )d | (0.25 | ) | 10.59 | ||||||||||||||||||||||
| 3/31/17 | 10.98 | 0.25 | (0.22 | ) | 0.03 | (0.25 | ) | — | (0.25 | ) | 10.76 | |||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 11.14 | 0.10 | 0.10 | 0.20 | (0.10 | ) | — | (0.10 | ) | 11.24 | ||||||||||||||||||||||
| 3/31/21 | 11.40 | 0.22 | (0.16 | ) | 0.06 | (0.23 | ) | (0.09 | ) | (0.32 | ) | 11.14 | ||||||||||||||||||||||
| 3/31/20 | 10.76 | 0.27 | 0.64 | 0.91 | (0.27 | ) | — | (0.27 | ) | 11.40 | ||||||||||||||||||||||||
| 3/31/19 | 10.58 | 0.27 | 0.18 | 0.45 | (0.27 | ) | — | (0.27 | ) | 10.76 | ||||||||||||||||||||||||
| 3/31/18 | 10.75 | 0.25 | (0.17 | ) | 0.08 | (0.25 | ) | (0.00 | )d | (0.25 | ) | 10.58 | ||||||||||||||||||||||
| 3/31/17 | 10.98 | 0.23 | (0.23 | ) | 0.00 | (0.23 | ) | — | (0.23 | ) | 10.75 | |||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 11.15 | 0.09 | 0.10 | 0.19 | (0.09 | ) | — | (0.09 | ) | 11.25 | ||||||||||||||||||||||
| 3/31/21 | 11.41 | 0.21 | (0.17 | ) | 0.04 | (0.21 | ) | (0.09 | ) | (0.30 | ) | 11.15 | ||||||||||||||||||||||
| 3/31/20 | 10.77 | 0.26 | 0.64 | 0.90 | (0.26 | ) | — | (0.26 | ) | 11.41 | ||||||||||||||||||||||||
| 3/31/19 | 10.59 | 0.26 | 0.18 | 0.44 | (0.26 | ) | — | (0.26 | ) | 10.77 | ||||||||||||||||||||||||
| 3/31/18 | 10.75 | 0.24 | (0.16 | ) | 0.08 | (0.24 | ) | (0.00 | )d | (0.24 | ) | 10.59 | ||||||||||||||||||||||
| 3/31/17 | 10.98 | 0.22 | (0.23 | ) | (0.01 | ) | (0.22 | ) | — | (0.22 | ) | 10.75 | ||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 11.15 | 0.08 | 0.10 | 0.18 | (0.08 | ) | — | (0.08 | ) | 11.25 | ||||||||||||||||||||||
| 3/31/21 | 11.41 | 0.21 | (0.17 | ) | 0.04 | (0.21 | ) | (0.09 | ) | (0.30 | ) | 11.15 | ||||||||||||||||||||||
| 3/31/20 | 10.77 | 0.25 | 0.64 | 0.89 | (0.25 | ) | — | (0.25 | ) | 11.41 | ||||||||||||||||||||||||
| 3/31/19 | 10.59 | 0.26 | 0.18 | 0.44 | (0.26 | ) | — | (0.26 | ) | 10.77 | ||||||||||||||||||||||||
| 3/31/18 | 10.75 | 0.23 | (0.16 | ) | 0.07 | (0.23 | ) | (0.00 | )d | (0.23 | ) | 10.59 | ||||||||||||||||||||||
| 3/31/17 | 10.98 | 0.21 | (0.23 | ) | (0.02 | ) | (0.21 | ) | — | (0.21 | ) | 10.75 | ||||||||||||||||||||||
| Class W: | 9/30/21 | # | 11.15 | 0.11 | 0.09 | 0.20 | (0.11 | ) | — | (0.11 | ) | 11.24 | ||||||||||||||||||||||
| 3/31/21 | 11.41 | 0.25 | (0.16 | ) | 0.09 | (0.26 | ) | (0.09 | ) | (0.35 | ) | 11.15 | ||||||||||||||||||||||
| 3/31/20 | 10.76 | 0.30 | 0.65 | 0.95 | (0.30 | ) | — | (0.30 | ) | 11.41 | ||||||||||||||||||||||||
| 3/31/19 | †† | 10.43 | 0.16 | 0.32 | 0.48 | (0.15 | ) | — | (0.15 | ) | 10.76 | |||||||||||||||||||||||
| 78 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
| Ratios and supplemental data | ||||||||||||||||||||||||||
| For the | ||||||||||||||||||||||||||
| period | Net assets at | Ratios to average net assets | Portfolio | |||||||||||||||||||||||
| or year | end of period | Gross | Net | Net investment | turnover | |||||||||||||||||||||
| ended | Total return | (in thousands) | expenses | expenses | income (loss) | rate | ||||||||||||||||||||
| BOND INDEX FUND | ||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 1.84 | %b | $10,075,022 | 0.10 | %c | 0.10 | %c | 1.85 | %c | 11 | % | |||||||||||||
| 3/31/21 | 0.46 | 9,712,952 | 0.11 | 0.11 | 2.09 | 29 | ||||||||||||||||||||
| 3/31/20 | 8.83 | 10,054,559 | 0.11 | 0.11 | 2.61 | 32 | ||||||||||||||||||||
| 3/31/19 | 4.55 | 6,445,380 | 0.11 | 0.11 | 2.75 | 20 | ||||||||||||||||||||
| 3/31/18 | 0.89 | 9,558,420 | 0.12 | 0.12 | 2.45 | 15 | ||||||||||||||||||||
| 3/31/17 | 0.15 | 7,372,654 | 0.12 | 0.12 | 2.27 | 14 | ||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 1.79 | b | 21,117 | 0.20 | c | 0.20 | c | 1.75 | c | 11 | ||||||||||||||
| 3/31/21 | 0.36 | 18,746 | 0.21 | 0.21 | 1.98 | 29 | ||||||||||||||||||||
| 3/31/20 | 8.73 | 17,005 | 0.22 | 0.22 | 2.48 | 32 | ||||||||||||||||||||
| 3/31/19 | 4.33 | 1,139 | 0.22 | 0.22 | 2.74 | 20 | ||||||||||||||||||||
| 3/31/18 | 0.78 | 282 | 0.20 | 0.20 | 2.30 | 15 | ||||||||||||||||||||
| 3/31/17 | 0.22 | 4,636 | 0.18 | 0.18 | 2.36 | 14 | ||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 1.76 | b | 29,579 | 0.25 | c | 0.25 | c | 1.70 | c | 11 | ||||||||||||||
| 3/31/21 | 0.40 | 28,867 | 0.26 | 0.26 | 1.94 | 29 | ||||||||||||||||||||
| 3/31/20 | 8.58 | 25,927 | 0.27 | 0.27 | 2.46 | 32 | ||||||||||||||||||||
| 3/31/19 | 4.39 | 21,379 | 0.26 | 0.26 | 2.61 | 20 | ||||||||||||||||||||
| 3/31/18 | 0.74 | 33,640 | 0.27 | 0.27 | 2.30 | 15 | ||||||||||||||||||||
| 3/31/17 | 0.00 | 30,001 | 0.27 | 0.27 | 2.10 | 14 | ||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 1.71 | b | 673,975 | 0.35 | c | 0.35 | c | 1.60 | c | 11 | ||||||||||||||
| 3/31/21 | 0.30 | 613,853 | 0.36 | 0.36 | 1.84 | 29 | ||||||||||||||||||||
| 3/31/20 | 8.46 | 449,368 | 0.37 | 0.37 | 2.36 | 32 | ||||||||||||||||||||
| 3/31/19 | 4.29 | 258,787 | 0.36 | 0.36 | 2.53 | 20 | ||||||||||||||||||||
| 3/31/18 | 0.73 | 179,875 | 0.37 | 0.37 | 2.20 | 15 | ||||||||||||||||||||
| 3/31/17 | (0.10 | ) | 139,123 | 0.37 | 0.37 | 2.02 | 14 | |||||||||||||||||||
| Retail Class: | 9/30/21 | # | 1.66 | b | 34,682 | 0.46 | c | 0.46 | c | 1.49 | c | 11 | ||||||||||||||
| 3/31/21 | 0.24 | 36,033 | 0.42 | 0.42 | 1.78 | 29 | ||||||||||||||||||||
| 3/31/20 | 8.39 | 29,641 | 0.43 | 0.43 | 2.29 | 32 | ||||||||||||||||||||
| 3/31/19 | 4.20 | 21,544 | 0.44 | 0.44 | 2.43 | 20 | ||||||||||||||||||||
| 3/31/18 | 0.66 | 20,927 | 0.44 | 0.44 | 2.12 | 15 | ||||||||||||||||||||
| 3/31/17 | (0.18 | ) | 21,467 | 0.44 | 0.44 | 1.94 | 14 | |||||||||||||||||||
| Class W: | 9/30/21 | # | 1.80 | b | 10,416,996 | 0.10 | c | 0.00 | c | 1.95 | c | 11 | ||||||||||||||
| 3/31/21 | 0.66 | 9,108,797 | 0.11 | 0.00 | 2.19 | 29 | ||||||||||||||||||||
| 3/31/20 | 8.96 | 5,983,462 | 0.11 | 0.00 | 2.72 | 32 | ||||||||||||||||||||
| 3/31/19 | †† | 4.69 | b | 4,605,482 | 0.11 | c | 0.00 | c | 2.97 | c | 20 | |||||||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 79 |
Financial highlights
TIAA-CREF Funds
| Selected per share data | ||||||||||||||||||||||||||||||||||
| Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||
| For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||
| period | value, | investment | unrealized gain | (loss) from | Net | Net | dividends | value, | ||||||||||||||||||||||||||
| or year | beginning | income | (loss) on total | investment | investment | realized | and | end of | ||||||||||||||||||||||||||
| ended | of period | (loss | )a | investments | operations | income | gains | distributions | period | |||||||||||||||||||||||||
| CORE BOND FUND | ||||||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | $10.65 | $0.10 | $ 0.12 | $0.22 | $(0.10 | ) | $ | — | $(0.10 | ) | $10.77 | |||||||||||||||||||||
| 3/31/21 | 10.48 | 0.25 | 0.37 | 0.62 | (0.25 | ) | (0.20 | ) | (0.45 | ) | 10.65 | |||||||||||||||||||||||
| 3/31/20 | 10.29 | 0.30 | 0.19 | 0.49 | (0.30 | ) | — | (0.30 | ) | 10.48 | ||||||||||||||||||||||||
| 3/31/19 | 10.18 | 0.32 | 0.11 | 0.43 | (0.32 | ) | — | (0.32 | ) | 10.29 | ||||||||||||||||||||||||
| 3/31/18 | 10.30 | 0.31 | (0.12 | ) | 0.19 | (0.30 | ) | (0.01 | ) | (0.31 | ) | 10.18 | ||||||||||||||||||||||
| 3/31/17 | 10.45 | 0.29 | (0.05 | ) | 0.24 | (0.29 | ) | (0.10 | ) | (0.39 | ) | 10.30 | ||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 10.66 | 0.10 | 0.11 | 0.21 | (0.10 | ) | — | (0.10 | ) | 10.77 | ||||||||||||||||||||||
| 3/31/21 | 10.49 | 0.24 | 0.36 | 0.60 | (0.23 | ) | (0.20 | ) | (0.43 | ) | 10.66 | |||||||||||||||||||||||
| 3/31/20 | 10.30 | 0.29 | 0.19 | 0.48 | (0.29 | ) | — | (0.29 | ) | 10.49 | ||||||||||||||||||||||||
| 3/31/19 | 10.18 | 0.31 | 0.12 | 0.43 | (0.31 | ) | — | (0.31 | ) | 10.30 | ||||||||||||||||||||||||
| 3/31/18 | 10.30 | 0.30 | (0.11 | ) | 0.19 | (0.30 | ) | (0.01 | ) | (0.31 | ) | 10.18 | ||||||||||||||||||||||
| 3/31/17 | 10.46 | 0.29 | (0.06 | ) | 0.23 | (0.29 | ) | (0.10 | ) | (0.39 | ) | 10.30 | ||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 10.65 | 0.10 | 0.12 | 0.22 | (0.10 | ) | — | (0.10 | ) | 10.77 | ||||||||||||||||||||||
| 3/31/21 | 10.49 | 0.23 | 0.36 | 0.59 | (0.23 | ) | (0.20 | ) | (0.43 | ) | 10.65 | |||||||||||||||||||||||
| 3/31/20 | 10.30 | 0.29 | 0.18 | 0.47 | (0.28 | ) | — | (0.28 | ) | 10.49 | ||||||||||||||||||||||||
| 3/31/19 | 10.18 | 0.31 | 0.12 | 0.43 | (0.31 | ) | — | (0.31 | ) | 10.30 | ||||||||||||||||||||||||
| 3/31/18 | 10.30 | 0.29 | (0.11 | ) | 0.18 | (0.29 | ) | (0.01 | ) | (0.30 | ) | 10.18 | ||||||||||||||||||||||
| 3/31/17 | 10.46 | 0.27 | (0.06 | ) | 0.21 | (0.27 | ) | (0.10 | ) | (0.37 | ) | 10.30 | ||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 10.85 | 0.09 | 0.12 | 0.21 | (0.09 | ) | — | (0.09 | ) | 10.97 | ||||||||||||||||||||||
| 3/31/21 | 10.67 | 0.23 | 0.37 | 0.60 | (0.22 | ) | (0.20 | ) | (0.42 | ) | 10.85 | |||||||||||||||||||||||
| 3/31/20 | 10.48 | 0.28 | 0.19 | 0.47 | (0.28 | ) | — | (0.28 | ) | 10.67 | ||||||||||||||||||||||||
| 3/31/19 | 10.36 | 0.30 | 0.12 | 0.42 | (0.30 | ) | — | (0.30 | ) | 10.48 | ||||||||||||||||||||||||
| 3/31/18 | 10.49 | 0.28 | (0.12 | ) | 0.16 | (0.28 | ) | (0.01 | ) | (0.29 | ) | 10.36 | ||||||||||||||||||||||
| 3/31/17 | 10.64 | 0.27 | (0.05 | ) | 0.22 | (0.27 | ) | (0.10 | ) | (0.37 | ) | 10.49 | ||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 10.84 | 0.09 | 0.12 | 0.21 | (0.09 | ) | — | (0.09 | ) | 10.96 | ||||||||||||||||||||||
| 3/31/21 | 10.66 | 0.22 | 0.38 | 0.60 | (0.22 | ) | (0.20 | ) | (0.42 | ) | 10.84 | |||||||||||||||||||||||
| 3/31/20 | 10.47 | 0.28 | 0.18 | 0.46 | (0.27 | ) | — | (0.27 | ) | 10.66 | ||||||||||||||||||||||||
| 3/31/19 | 10.35 | 0.30 | 0.12 | 0.42 | (0.30 | ) | — | (0.30 | ) | 10.47 | ||||||||||||||||||||||||
| 3/31/18 | 10.48 | 0.28 | (0.12 | ) | 0.16 | (0.28 | ) | (0.01 | ) | (0.29 | ) | 10.35 | ||||||||||||||||||||||
| 3/31/17 | 10.63 | 0.26 | (0.05 | ) | 0.21 | (0.26 | ) | (0.10 | ) | (0.36 | ) | 10.48 | ||||||||||||||||||||||
| Class W: | 9/30/21 | # | 10.65 | 0.12 | 0.12 | 0.24 | (0.12 | ) | — | (0.12 | ) | 10.77 | ||||||||||||||||||||||
| 3/31/21 | 10.48 | 0.28 | 0.37 | 0.65 | (0.28 | ) | (0.20 | ) | (0.48 | ) | 10.65 | |||||||||||||||||||||||
| 3/31/20 | 10.29 | 0.33 | 0.19 | 0.52 | (0.33 | ) | — | (0.33 | ) | 10.48 | ||||||||||||||||||||||||
| 3/31/19 | †† | 10.00 | 0.18 | 0.29 | 0.47 | (0.18 | ) | — | (0.18 | ) | 10.29 | |||||||||||||||||||||||
| CORE IMPACT BOND FUND | ||||||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 10.48 | 0.09 | 0.13 | 0.22 | (0.09 | ) | — | (0.09 | ) | 10.61 | ||||||||||||||||||||||
| 3/31/21 | 10.41 | 0.21 | 0.33 | 0.54 | (0.21 | ) | (0.26 | ) | (0.47 | ) | 10.48 | |||||||||||||||||||||||
| 3/31/20 | 10.28 | 0.28 | 0.20 | 0.48 | (0.28 | ) | (0.07 | ) | (0.35 | ) | 10.41 | |||||||||||||||||||||||
| 3/31/19 | 10.14 | 0.30 | 0.14 | 0.44 | (0.30 | ) | — | (0.30 | ) | 10.28 | ||||||||||||||||||||||||
| 3/31/18 | 10.18 | 0.27 | (0.05 | ) | 0.22 | (0.26 | ) | — | (0.26 | ) | 10.14 | |||||||||||||||||||||||
| 3/31/17 | 10.32 | 0.24 | (0.06 | ) | 0.18 | (0.25 | ) | (0.07 | ) | (0.32 | ) | 10.18 | ||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 10.48 | 0.08 | 0.14 | 0.22 | (0.08 | ) | — | (0.08 | ) | 10.62 | ||||||||||||||||||||||
| 3/31/21 | 10.42 | 0.20 | 0.32 | 0.52 | (0.20 | ) | (0.26 | ) | (0.46 | ) | 10.48 | |||||||||||||||||||||||
| 3/31/20 | 10.29 | 0.27 | 0.20 | 0.47 | (0.27 | ) | (0.07 | ) | (0.34 | ) | 10.42 | |||||||||||||||||||||||
| 3/31/19 | 10.15 | 0.30 | 0.14 | 0.44 | (0.30 | ) | — | (0.30 | ) | 10.29 | ||||||||||||||||||||||||
| 3/31/18 | 10.19 | 0.26 | (0.05 | ) | 0.21 | (0.25 | ) | — | (0.25 | ) | 10.15 | |||||||||||||||||||||||
| 3/31/17 | 10.32 | 0.21 | (0.03 | ) | 0.18 | (0.24 | ) | (0.07 | ) | (0.31 | ) | 10.19 | ||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 10.48 | 0.08 | 0.14 | 0.22 | (0.08 | ) | — | (0.08 | ) | 10.62 | ||||||||||||||||||||||
| 3/31/21 | 10.42 | 0.19 | 0.32 | 0.51 | (0.19 | ) | (0.26 | ) | (0.45 | ) | 10.48 | |||||||||||||||||||||||
| 3/31/20 | 10.29 | 0.27 | 0.20 | 0.47 | (0.27 | ) | (0.07 | ) | (0.34 | ) | 10.42 | |||||||||||||||||||||||
| 3/31/19 | 10.15 | 0.28 | 0.14 | 0.42 | (0.28 | ) | — | (0.28 | ) | 10.29 | ||||||||||||||||||||||||
| 3/31/18 | 10.19 | 0.25 | (0.05 | ) | 0.20 | (0.24 | ) | — | (0.24 | ) | 10.15 | |||||||||||||||||||||||
| 3/31/17 | 10.31 | 0.23 | (0.04 | ) | 0.19 | (0.24 | ) | (0.07 | ) | (0.31 | ) | 10.19 | ||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 10.48 | 0.07 | 0.14 | 0.21 | (0.07 | ) | — | (0.07 | ) | 10.62 | ||||||||||||||||||||||
| 3/31/21 | 10.41 | 0.18 | 0.33 | 0.51 | (0.18 | ) | (0.26 | ) | (0.44 | ) | 10.48 | |||||||||||||||||||||||
| 3/31/20 | 10.29 | 0.26 | 0.19 | 0.45 | (0.26 | ) | (0.07 | ) | (0.33 | ) | 10.41 | |||||||||||||||||||||||
| 3/31/19 | 10.14 | 0.28 | 0.15 | 0.43 | (0.28 | ) | — | (0.28 | ) | 10.29 | ||||||||||||||||||||||||
| 3/31/18 | 10.19 | 0.24 | (0.06 | ) | 0.18 | (0.23 | ) | — | (0.23 | ) | 10.14 | |||||||||||||||||||||||
| 3/31/17 | 10.32 | 0.22 | (0.05 | ) | 0.17 | (0.23 | ) | (0.07 | ) | (0.30 | ) | 10.19 | ||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 10.47 | 0.07 | 0.14 | 0.21 | (0.07 | ) | — | (0.07 | ) | 10.61 | ||||||||||||||||||||||
| 3/31/21 | 10.40 | 0.18 | 0.33 | 0.51 | (0.18 | ) | (0.26 | ) | (0.44 | ) | 10.47 | |||||||||||||||||||||||
| 3/31/20 | 10.28 | 0.25 | 0.19 | 0.44 | (0.25 | ) | (0.07 | ) | (0.32 | ) | 10.40 | |||||||||||||||||||||||
| 3/31/19 | 10.14 | 0.27 | 0.14 | 0.41 | (0.27 | ) | — | (0.27 | ) | 10.28 | ||||||||||||||||||||||||
| 3/31/18 | 10.18 | 0.24 | (0.05 | ) | 0.19 | (0.23 | ) | — | (0.23 | ) | 10.14 | |||||||||||||||||||||||
| 3/31/17 | 10.31 | 0.22 | (0.06 | ) | 0.16 | (0.22 | ) | (0.07 | ) | (0.29 | ) | 10.18 | ||||||||||||||||||||||
| 80 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
continued
| Ratios and supplemental data | ||||||||||||||||||||||||||||||
| Portfolio | ||||||||||||||||||||||||||||||
| For the | turnover rate | |||||||||||||||||||||||||||||
| period | Net assets at | Ratios to average net assets | Portfolio | excluding | ||||||||||||||||||||||||||
| or year | end of period | Gross | Net | Net investment | turnover | mortgage | ||||||||||||||||||||||||
| ended | Total return | (in thousands) | expenses | expenses | income (loss) | rate | dollar rolls | |||||||||||||||||||||||
| CORE BOND FUND | ||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 2.11 | %b | $4,327,317 | 0.29 | %c | 0.29 | %c | 1.93 | %c | 147 | %f | 52 | %f | |||||||||||||||
| 3/31/21 | 5.84 | 2,825,828 | 0.29 | 0.29 | 2.27 | 229 | 117 | |||||||||||||||||||||||
| 3/31/20 | 4.75 | 1,753,879 | 0.30 | 0.30 | 2.86 | 133 | 125 | |||||||||||||||||||||||
| 3/31/19 | 4.38 | 954,430 | 0.30 | 0.30 | 3.16 | 138 | 125 | |||||||||||||||||||||||
| 3/31/18 | 1.83 | 4,343,864 | 0.30 | 0.30 | 2.95 | 155 | 130 | |||||||||||||||||||||||
| 3/31/17 | 2.29 | 3,777,813 | 0.31 | 0.31 | 2.75 | 277 | 179 | |||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 1.94 | b | 759,147 | 0.42 | c | 0.42 | c | 1.80 | c | 147 | f | 52 | f | |||||||||||||||
| 3/31/21 | 5.70 | 753,975 | 0.42 | 0.42 | 2.16 | 229 | 117 | |||||||||||||||||||||||
| 3/31/20 | 4.61 | 906,706 | 0.43 | 0.43 | 2.73 | 133 | 125 | |||||||||||||||||||||||
| 3/31/19 | 4.37 | 933,420 | 0.44 | 0.44 | 3.15 | 138 | 125 | |||||||||||||||||||||||
| 3/31/18 | 1.74 | 5,148 | 0.38 | 0.38 | 2.95 | 155 | 130 | |||||||||||||||||||||||
| 3/31/17 | 2.28 | 210 | 0.33 | 0.33 | 2.74 | 277 | 179 | |||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 2.03 | b | 7,448 | 0.44 | c | 0.44 | c | 1.77 | c | 147 | f | 52 | f | |||||||||||||||
| 3/31/21 | 5.58 | 11,648 | 0.44 | 0.44 | 2.13 | 229 | 117 | |||||||||||||||||||||||
| 3/31/20 | 4.60 | 13,685 | 0.45 | 0.45 | 2.71 | 133 | 125 | |||||||||||||||||||||||
| 3/31/19 | 4.32 | 14,729 | 0.45 | 0.45 | 3.05 | 138 | 125 | |||||||||||||||||||||||
| 3/31/18 | 1.67 | 25,584 | 0.45 | 0.45 | 2.79 | 155 | 130 | |||||||||||||||||||||||
| 3/31/17 | 2.04 | 27,651 | 0.46 | 0.46 | 2.60 | 277 | 179 | |||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 1.96 | b | 206,560 | 0.54 | c | 0.54 | c | 1.68 | c | 147 | f | 52 | f | |||||||||||||||
| 3/31/21 | 5.51 | 210,938 | 0.54 | 0.54 | 2.03 | 229 | 117 | |||||||||||||||||||||||
| 3/31/20 | 4.56 | 208,899 | 0.55 | 0.55 | 2.61 | 133 | 125 | |||||||||||||||||||||||
| 3/31/19 | 4.20 | 197,645 | 0.55 | 0.55 | 2.98 | 138 | 125 | |||||||||||||||||||||||
| 3/31/18 | 1.49 | 213,497 | 0.55 | 0.55 | 2.69 | 155 | 130 | |||||||||||||||||||||||
| 3/31/17 | 2.04 | 224,159 | 0.56 | 0.56 | 2.50 | 277 | 179 | |||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 1.93 | b | 104,750 | 0.59 | c | 0.59 | c | 1.62 | c | 147 | f | 52 | f | |||||||||||||||
| 3/31/21 | 5.47 | 107,280 | 0.58 | 0.58 | 1.99 | 229 | 117 | |||||||||||||||||||||||
| 3/31/20 | 4.52 | 106,363 | 0.59 | 0.59 | 2.57 | 133 | 125 | |||||||||||||||||||||||
| 3/31/19 | 4.16 | 92,455 | 0.60 | 0.60 | 2.93 | 138 | 125 | |||||||||||||||||||||||
| 3/31/18 | 1.45 | 97,066 | 0.60 | 0.60 | 2.65 | 155 | 130 | |||||||||||||||||||||||
| 3/31/17 | 1.99 | 90,587 | 0.61 | 0.61 | 2.45 | 277 | 179 | |||||||||||||||||||||||
| Class W: | 9/30/21 | # | 2.25 | b | 5,198,901 | 0.29 | c | 0.00 | c | 2.22 | c | 147 | f | 52 | f | |||||||||||||||
| 3/31/21 | 6.15 | 4,793,554 | 0.29 | 0.00 | 2.56 | 229 | 117 | |||||||||||||||||||||||
| 3/31/20 | 5.06 | 3,614,517 | 0.30 | 0.00 | 3.16 | 133 | 125 | |||||||||||||||||||||||
| 3/31/19 | †† | 4.77 | b | 3,741,378 | 0.30 | c | 0.00 | c | 3.64 | c | 138 | 125 | ||||||||||||||||||
| CORE IMPACT BOND FUND | ||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 2.08 | b | 4,720,485 | 0.37 | c | 0.37 | c | 1.64 | c | 127 | 51 | |||||||||||||||||
| 3/31/21 | 5.13 | 4,169,777 | 0.35 | 0.35 | 1.92 | 293 | 186 | |||||||||||||||||||||||
| 3/31/20 | 4.74 | 3,223,141 | 0.36 | 0.36 | 2.68 | 115 | f | 110 | f | |||||||||||||||||||||
| 3/31/19 | 4.47 | 1,961,314 | 0.37 | 0.37 | 3.02 | 90 | 82 | |||||||||||||||||||||||
| 3/31/18 | 2.14 | 1,203,023 | 0.39 | 0.39 | 2.61 | 112 | 89 | |||||||||||||||||||||||
| 3/31/17 | 1.73 | 618,298 | 0.40 | 0.40 | 2.36 | 182 | 115 | |||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 2.15 | b | 1,543,927 | 0.43 | c | 0.43 | c | 1.58 | c | 127 | 51 | |||||||||||||||||
| 3/31/21 | 4.95 | 1,286,125 | 0.43 | 0.43 | 1.83 | 293 | 186 | |||||||||||||||||||||||
| 3/31/20 | 4.64 | 930,083 | 0.46 | 0.46 | 2.58 | 115 | f | 110 | f | |||||||||||||||||||||
| 3/31/19 | 4.39 | 554,143 | 0.44 | 0.44 | 2.97 | 90 | 82 | |||||||||||||||||||||||
| 3/31/18 | 2.09 | 239,374 | 0.44 | 0.44 | 2.55 | 112 | 89 | |||||||||||||||||||||||
| 3/31/17 | 1.68 | 113,376 | 0.53 | 0.52 | 2.13 | 182 | 115 | |||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 2.09 | b | 29,732 | 0.55 | c | 0.55 | c | 1.45 | c | 127 | 51 | |||||||||||||||||
| 3/31/21 | 4.85 | 32,891 | 0.53 | 0.53 | 1.76 | 293 | 186 | |||||||||||||||||||||||
| 3/31/20 | 4.57 | 30,850 | 0.53 | 0.53 | 2.51 | 115 | f | 110 | f | |||||||||||||||||||||
| 3/31/19 | 4.28 | 36,827 | 0.55 | 0.55 | 2.84 | 90 | 82 | |||||||||||||||||||||||
| 3/31/18 | 1.99 | 30,079 | 0.54 | 0.54 | 2.44 | 112 | 89 | |||||||||||||||||||||||
| 3/31/17 | 1.78 | 17,334 | 0.55 | 0.55 | 2.24 | 182 | 115 | |||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 2.05 | b | 441,137 | 0.62 | c | 0.62 | c | 1.39 | c | 127 | 51 | |||||||||||||||||
| 3/31/21 | 4.87 | 472,112 | 0.60 | 0.60 | 1.69 | 293 | 186 | |||||||||||||||||||||||
| 3/31/20 | 4.38 | 527,044 | 0.61 | 0.61 | 2.43 | 115 | f | 110 | f | |||||||||||||||||||||
| 3/31/19 | 4.31 | 467,437 | 0.62 | 0.62 | 2.77 | 90 | 82 | |||||||||||||||||||||||
| 3/31/18 | 1.79 | 364,848 | 0.64 | 0.64 | 2.34 | 112 | 89 | |||||||||||||||||||||||
| 3/31/17 | 1.58 | 263,594 | 0.65 | 0.65 | 2.12 | 182 | 115 | |||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 2.05 | b | 346,601 | 0.63 | c | 0.63 | c | 1.38 | c | 127 | 51 | |||||||||||||||||
| 3/31/21 | 4.87 | 304,704 | 0.61 | 0.61 | 1.67 | 293 | 186 | |||||||||||||||||||||||
| 3/31/20 | 4.35 | 233,432 | 0.64 | 0.64 | 2.40 | 115 | f | 110 | f | |||||||||||||||||||||
| 3/31/19 | 4.18 | 172,447 | 0.65 | 0.65 | 2.72 | 90 | 82 | |||||||||||||||||||||||
| 3/31/18 | 1.88 | 176,995 | 0.65 | 0.65 | 2.33 | 112 | 89 | |||||||||||||||||||||||
| 3/31/17 | 1.56 | 107,219 | 0.67 | 0.67 | 2.10 | 182 | 115 | |||||||||||||||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 81 |
Financial highlights
TIAA-CREF Funds
| Selected per share data | ||||||||||||||||||||||||||||||||||
| Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||
| For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||
| period | value, | investment | unrealized gain | (loss) from | Net | Net | dividends | value, | ||||||||||||||||||||||||||
| or year | beginning | income | (loss) on total | investment | investment | realized | and | end of | ||||||||||||||||||||||||||
| ended | of period | (loss | )a | investments | operations | income | gains | distributions | period | |||||||||||||||||||||||||
| CORE PLUS BOND FUND | ||||||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | $10.82 | $0.13 | $ 0.12 | $0.25 | $(0.13 | ) | $ | — | $(0.13 | ) | $10.94 | |||||||||||||||||||||
| 3/31/21 | 10.38 | 0.29 | 0.52 | 0.81 | (0.29 | ) | (0.08 | ) | (0.37 | ) | 10.82 | |||||||||||||||||||||||
| 3/31/20 | 10.35 | 0.32 | 0.03 | 0.35 | (0.32 | ) | — | (0.32 | ) | 10.38 | ||||||||||||||||||||||||
| 3/31/19 | 10.24 | 0.35 | 0.10 | 0.45 | (0.34 | ) | — | (0.34 | ) | 10.35 | ||||||||||||||||||||||||
| 3/31/18 | 10.36 | 0.33 | (0.11 | ) | 0.22 | (0.33 | ) | (0.01 | ) | (0.34 | ) | 10.24 | ||||||||||||||||||||||
| 3/31/17 | 10.47 | 0.33 | (0.02 | ) | 0.31 | (0.32 | ) | (0.10 | ) | (0.42 | ) | 10.36 | ||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 10.83 | 0.13 | 0.12 | 0.25 | (0.13 | ) | — | (0.13 | ) | 10.95 | ||||||||||||||||||||||
| 3/31/21 | 10.39 | 0.29 | 0.51 | 0.80 | (0.28 | ) | (0.08 | ) | (0.36 | ) | 10.83 | |||||||||||||||||||||||
| 3/31/20 | 10.36 | 0.31 | 0.03 | 0.34 | (0.31 | ) | — | (0.31 | ) | 10.39 | ||||||||||||||||||||||||
| 3/31/19 | 10.25 | 0.34 | 0.11 | 0.45 | (0.34 | ) | — | (0.34 | ) | 10.36 | ||||||||||||||||||||||||
| 3/31/18 | 10.37 | 0.32 | (0.11 | ) | 0.21 | (0.32 | ) | (0.01 | ) | (0.33 | ) | 10.25 | ||||||||||||||||||||||
| 3/31/17 | 10.48 | 0.30 | 0.01 | 0.31 | (0.32 | ) | (0.10 | ) | (0.42 | ) | 10.37 | |||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 10.82 | 0.12 | 0.12 | 0.24 | (0.12 | ) | — | (0.12 | ) | 10.94 | ||||||||||||||||||||||
| 3/31/21 | 10.38 | 0.28 | 0.51 | 0.79 | (0.27 | ) | (0.08 | ) | (0.35 | ) | 10.82 | |||||||||||||||||||||||
| 3/31/20 | 10.35 | 0.31 | 0.02 | 0.33 | (0.30 | ) | — | (0.30 | ) | 10.38 | ||||||||||||||||||||||||
| 3/31/19 | 10.24 | 0.33 | 0.11 | 0.44 | (0.33 | ) | — | (0.33 | ) | 10.35 | ||||||||||||||||||||||||
| 3/31/18 | 10.36 | 0.32 | (0.12 | ) | 0.20 | (0.31 | ) | (0.01 | ) | (0.32 | ) | 10.24 | ||||||||||||||||||||||
| 3/31/17 | 10.47 | 0.31 | (0.01 | ) | 0.30 | (0.31 | ) | (0.10 | ) | (0.41 | ) | 10.36 | ||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 10.84 | 0.12 | 0.11 | 0.23 | (0.12 | ) | — | (0.12 | ) | 10.95 | ||||||||||||||||||||||
| 3/31/21 | 10.40 | 0.27 | 0.51 | 0.78 | (0.26 | ) | (0.08 | ) | (0.34 | ) | 10.84 | |||||||||||||||||||||||
| 3/31/20 | 10.37 | 0.30 | 0.02 | 0.32 | (0.29 | ) | — | (0.29 | ) | 10.40 | ||||||||||||||||||||||||
| 3/31/19 | 10.26 | 0.32 | 0.11 | 0.43 | (0.32 | ) | — | (0.32 | ) | 10.37 | ||||||||||||||||||||||||
| 3/31/18 | 10.37 | 0.31 | (0.11 | ) | 0.20 | (0.30 | ) | (0.01 | ) | (0.31 | ) | 10.26 | ||||||||||||||||||||||
| 3/31/17 | 10.49 | 0.30 | (0.02 | ) | 0.28 | (0.30 | ) | (0.10 | ) | (0.40 | ) | 10.37 | ||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 10.84 | 0.11 | 0.12 | 0.23 | (0.11 | ) | — | (0.11 | ) | 10.96 | ||||||||||||||||||||||
| 3/31/21 | 10.40 | 0.26 | 0.52 | 0.78 | (0.26 | ) | (0.08 | ) | (0.34 | ) | 10.84 | |||||||||||||||||||||||
| 3/31/20 | 10.38 | 0.29 | 0.01 | 0.30 | (0.28 | ) | — | (0.28 | ) | 10.40 | ||||||||||||||||||||||||
| 3/31/19 | 10.26 | 0.32 | 0.11 | 0.43 | (0.31 | ) | — | (0.31 | ) | 10.38 | ||||||||||||||||||||||||
| 3/31/18 | 10.38 | 0.30 | (0.11 | ) | 0.19 | (0.30 | ) | (0.01 | ) | (0.31 | ) | 10.26 | ||||||||||||||||||||||
| 3/31/17 | 10.49 | 0.30 | (0.02 | ) | 0.28 | (0.29 | ) | (0.10 | ) | (0.39 | ) | 10.38 | ||||||||||||||||||||||
| Class W: | 9/30/21 | # | 10.82 | 0.15 | 0.12 | 0.27 | (0.15 | ) | — | (0.15 | ) | 10.94 | ||||||||||||||||||||||
| 3/31/21 | 10.38 | 0.32 | 0.52 | 0.84 | (0.32 | ) | (0.08 | ) | (0.40 | ) | 10.82 | |||||||||||||||||||||||
| 3/31/20 | 10.36 | 0.36 | 0.01 | 0.37 | (0.35 | ) | — | (0.35 | ) | 10.38 | ||||||||||||||||||||||||
| 3/31/19 | †† | 10.07 | 0.19 | 0.29 | 0.48 | (0.19 | ) | — | (0.19 | ) | 10.36 | |||||||||||||||||||||||
| 5–15 YEAR LADDERED TAX-EXEMPT BOND FUND | ||||||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 10.90 | 0.11 | 0.03 | 0.14 | (0.11 | ) | — | (0.11 | ) | 10.93 | ||||||||||||||||||||||
| 3/31/21 | 10.50 | 0.24 | 0.43 | 0.67 | (0.24 | ) | (0.03 | ) | (0.27 | ) | 10.90 | |||||||||||||||||||||||
| 3/31/20 | 10.55 | 0.26 | (0.03 | ) | 0.23 | (0.26 | ) | (0.02 | ) | (0.28 | ) | 10.50 | ||||||||||||||||||||||
| 3/31/19 | 10.26 | 0.27 | 0.30 | 0.57 | (0.27 | ) | (0.01 | ) | (0.28 | ) | 10.55 | |||||||||||||||||||||||
| 3/31/18 | 10.25 | 0.24 | 0.01 | 0.25 | (0.24 | ) | (0.00 | )d | (0.24 | ) | 10.26 | |||||||||||||||||||||||
| 3/31/17 | 10.72 | 0.22 | (0.29 | ) | (0.07 | ) | (0.23 | ) | (0.17 | ) | (0.40 | ) | 10.25 | |||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 10.89 | 0.11 | 0.04 | 0.15 | (0.11 | ) | — | (0.11 | ) | 10.93 | ||||||||||||||||||||||
| 3/31/21 | 10.50 | 0.23 | 0.42 | 0.65 | (0.23 | ) | (0.03 | ) | (0.26 | ) | 10.89 | |||||||||||||||||||||||
| 3/31/20 | 10.55 | 0.25 | (0.02 | ) | 0.23 | (0.26 | ) | (0.02 | ) | (0.28 | ) | 10.50 | ||||||||||||||||||||||
| 3/31/19 | 10.26 | 0.26 | 0.30 | 0.56 | (0.26 | ) | (0.01 | ) | (0.27 | ) | 10.55 | |||||||||||||||||||||||
| 3/31/18 | 10.25 | 0.24 | 0.01 | 0.25 | (0.24 | ) | (0.00 | )d | (0.24 | ) | 10.26 | |||||||||||||||||||||||
| 3/31/17 | 10.72 | 0.23 | (0.30 | ) | (0.07 | ) | (0.23 | ) | (0.17 | ) | (0.40 | ) | 10.25 | |||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 10.91 | 0.10 | 0.04 | 0.14 | (0.10 | ) | — | (0.10 | ) | 10.95 | ||||||||||||||||||||||
| 3/31/21 | 10.51 | 0.21 | 0.43 | 0.64 | (0.21 | ) | (0.03 | ) | (0.24 | ) | 10.91 | |||||||||||||||||||||||
| 3/31/20 | 10.56 | 0.23 | (0.03 | ) | 0.20 | (0.23 | ) | (0.02 | ) | (0.25 | ) | 10.51 | ||||||||||||||||||||||
| 3/31/19 | 10.27 | 0.24 | 0.30 | 0.54 | (0.24 | ) | (0.01 | ) | (0.25 | ) | 10.56 | |||||||||||||||||||||||
| 3/31/18 | 10.26 | 0.21 | 0.01 | 0.22 | (0.21 | ) | (0.00 | )d | (0.21 | ) | 10.27 | |||||||||||||||||||||||
| 3/31/17 | 10.73 | 0.20 | (0.30 | ) | (0.10 | ) | (0.20 | ) | (0.17 | ) | (0.37 | ) | 10.26 | |||||||||||||||||||||
| 82 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
continued
| Ratios and supplemental data | ||||||||||||||||||||||||||||||
| Portfolio | ||||||||||||||||||||||||||||||
| For the | turnover rate | |||||||||||||||||||||||||||||
| period | Net assets at | Ratios to average net assets | Portfolio | excluding | ||||||||||||||||||||||||||
| or year | end of period | Gross | Net | Net investment | turnover | mortgage | ||||||||||||||||||||||||
| ended | Total return | (in thousands | ) | expenses | expenses | income (loss | ) | rate | dollar rolls | |||||||||||||||||||||
| CORE PLUS BOND FUND | ||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 2.28 | %b | $1,663,282 | 0.29 | %c | 0.29 | %c | 2.36 | %c | 142 | % | 72 | % | |||||||||||||||
| 3/31/21 | 7.83 | 1,608,213 | 0.30 | 0.30 | 2.66 | 169 | 84 | |||||||||||||||||||||||
| 3/31/20 | 3.31 | 1,383,899 | 0.30 | 0.30 | 3.04 | 94 | f | 85 | f | |||||||||||||||||||||
| 3/31/19 | 4.56 | 1,185,094 | 0.30 | 0.30 | 3.39 | 106 | 90 | |||||||||||||||||||||||
| 3/31/18 | 2.07 | 3,434,043 | 0.30 | 0.30 | 3.19 | 156 | 116 | |||||||||||||||||||||||
| 3/31/17 | 3.02 | 2,921,905 | 0.31 | 0.31 | 3.12 | 246 | 154 | |||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 2.23 | b | 193,696 | 0.38 | c | 0.38 | c | 2.28 | c | 142 | 72 | |||||||||||||||||
| 3/31/21 | 7.74 | 208,321 | 0.37 | 0.37 | 2.60 | 169 | 84 | |||||||||||||||||||||||
| 3/31/20 | 3.24 | 211,366 | 0.38 | 0.38 | 2.93 | 94 | f | 85 | f | |||||||||||||||||||||
| 3/31/19 | 4.51 | 35,007 | 0.35 | 0.35 | 3.39 | 106 | 90 | |||||||||||||||||||||||
| 3/31/18 | 1.99 | 24,604 | 0.37 | 0.37 | 3.17 | 156 | 116 | |||||||||||||||||||||||
| 3/31/17 | 2.98 | 1,658 | 0.40 | 0.40 | 2.98 | 246 | 154 | |||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 2.20 | b | 7,330 | 0.44 | c | 0.44 | c | 2.21 | c | 142 | f | 72 | ||||||||||||||||
| 3/31/21 | 7.67 | 8,155 | 0.45 | 0.45 | 2.53 | 169 | 84 | |||||||||||||||||||||||
| 3/31/20 | 3.16 | 9,431 | 0.45 | 0.45 | 2.89 | 94 | f | 85 | f | |||||||||||||||||||||
| 3/31/19 | 4.41 | 10,707 | 0.45 | 0.45 | 3.25 | 106 | 90 | |||||||||||||||||||||||
| 3/31/18 | 1.92 | 22,115 | 0.46 | 0.46 | 3.02 | 156 | 116 | |||||||||||||||||||||||
| 3/31/17 | 2.87 | 41,849 | 0.46 | 0.46 | 2.97 | 246 | 154 | |||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 2.05 | b | 381,891 | 0.54 | c | 0.54 | c | 2.11 | c | 142 | 72 | |||||||||||||||||
| 3/31/21 | 7.55 | 397,965 | 0.55 | 0.55 | 2.42 | 169 | 84 | |||||||||||||||||||||||
| 3/31/20 | 3.06 | 394,611 | 0.55 | 0.55 | 2.79 | 94 | f | 85 | f | |||||||||||||||||||||
| 3/31/19 | 4.30 | 436,641 | 0.55 | 0.55 | 3.18 | 106 | 90 | |||||||||||||||||||||||
| 3/31/18 | 1.92 | 426,965 | 0.55 | 0.55 | 2.94 | 156 | 116 | |||||||||||||||||||||||
| 3/31/17 | 2.67 | 333,416 | 0.56 | 0.56 | 2.87 | 246 | 154 | |||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 2.11 | b | 300,035 | 0.61 | c | 0.61 | c | 2.05 | c | 142 | 72 | |||||||||||||||||
| 3/31/21 | 7.48 | 302,270 | 0.61 | 0.61 | 2.36 | 169 | 84 | |||||||||||||||||||||||
| 3/31/20 | 2.90 | 298,496 | 0.61 | 0.61 | 2.73 | 94 | f | 85 | f | |||||||||||||||||||||
| 3/31/19 | 4.33 | 256,549 | 0.62 | 0.62 | 3.11 | 106 | 90 | |||||||||||||||||||||||
| 3/31/18 | 1.75 | 264,757 | 0.62 | 0.62 | 2.87 | 156 | 116 | |||||||||||||||||||||||
| 3/31/17 | 2.69 | 263,847 | 0.63 | 0.63 | 2.80 | 246 | 154 | |||||||||||||||||||||||
| Class W: | 9/30/21 | # | 2.43 | b | 3,229,088 | 0.29 | c | 0.00 | c | 2.66 | c | 142 | 72 | |||||||||||||||||
| 3/31/21 | 8.14 | 3,039,900 | 0.30 | 0.00 | 2.95 | 169 | 84 | |||||||||||||||||||||||
| 3/31/20 | 3.52 | 2,268,780 | 0.30 | 0.00 | 3.34 | 94 | f | 85 | f | |||||||||||||||||||||
| 3/31/19 | †† | 4.82 | b | 2,370,116 | 0.31 | c | 0.00 | c | 3.84 | c | 106 | 90 | ||||||||||||||||||
| 5–15 YEAR LADDERED TAX-EXEMPT BOND FUND | ||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 1.31 | b | 12,495 | 0.32 | c | 0.30 | c | 2.06 | c | 5 | 5 | |||||||||||||||||
| 3/31/21 | 6.48 | 8,099 | 0.32 | 0.30 | 2.24 | 23 | 23 | |||||||||||||||||||||||
| 3/31/20 | 2.21 | 4,946 | 0.33 | 0.30 | 2.43 | 21 | 21 | |||||||||||||||||||||||
| 3/31/19 | 5.64 | 5,091 | 0.35 | 0.31 | 2.71 | 43 | 43 | |||||||||||||||||||||||
| 3/31/18 | 2.48 | 1,401 | 0.38 | 0.35 | 2.31 | 29 | 29 | |||||||||||||||||||||||
| 3/31/17 | (0.63 | ) | 2,418 | 0.37 | 0.35 | 2.04 | 59 | 59 | ||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 1.35 | b | 803 | 0.43 | c | 0.42 | c | 1.94 | c | 5 | 5 | |||||||||||||||||
| 3/31/21 | 6.30 | 666 | 0.40 | 0.38 | 2.16 | 23 | 23 | |||||||||||||||||||||||
| 3/31/20 | 2.14 | 966 | 0.41 | 0.38 | 2.36 | 21 | 21 | |||||||||||||||||||||||
| 3/31/19 | 5.58 | 228 | 0.41 | 0.38 | 2.58 | 43 | 43 | |||||||||||||||||||||||
| 3/31/18 | 2.49 | 100 | 0.37 | 0.34 | 2.34 | 29 | 29 | |||||||||||||||||||||||
| 3/31/17 | (0.63 | ) | 99 | 0.38 | 0.36 | 2.15 | 59 | 59 | ||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 1.26 | b | 273,504 | 0.59 | c | 0.58 | c | 1.77 | c | 5 | 5 | |||||||||||||||||
| 3/31/21 | 6.18 | 272,018 | 0.59 | 0.58 | 1.97 | 23 | 23 | |||||||||||||||||||||||
| 3/31/20 | 1.93 | 264,478 | 0.61 | 0.58 | 2.17 | 21 | 21 | |||||||||||||||||||||||
| 3/31/19 | 5.34 | 265,913 | 0.63 | 0.60 | 2.34 | 43 | 43 | |||||||||||||||||||||||
| 3/31/18 | 2.20 | 266,695 | 0.65 | 0.62 | 2.06 | 29 | 29 | |||||||||||||||||||||||
| 3/31/17 | (0.90 | ) | 281,643 | 0.65 | 0.63 | 1.87 | 59 | 59 | ||||||||||||||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 83 |
| Financial highlights | |
| TIAA-CREF Funds |
| Selected per share data | ||||||||||||||||||||||||||||||||||
| Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||
| For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||
| period or year ended | value, beginning of period | investment income (loss)a | unrealized gain (loss) on total investments | (loss) from investment operations | Net investment income | Net realized gains | dividends and distributions | value, end of period | ||||||||||||||||||||||||||
| GREEN BOND FUND | ||||||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | $10.62 | $0.12 | $0.13 | $0.25 | $(0.12 | ) | $ — | $(0.12 | ) | $10.75 | ||||||||||||||||||||||
| 3/31/21 | 10.22 | 0.27 | 0.58 | 0.85 | (0.27 | ) | (0.18 | ) | (0.45 | ) | 10.62 | |||||||||||||||||||||||
| 3/31/20 | 10.33 | 0.33 | (0.02 | ) | 0.31 | (0.33 | ) | (0.09 | ) | (0.42 | ) | 10.22 | ||||||||||||||||||||||
| 3/31/19 | 10.00 | 0.14 | 0.33 | 0.47 | (0.14 | ) | — | (0.14 | ) | 10.33 | ||||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 10.62 | 0.12 | 0.13 | 0.25 | (0.12 | ) | — | (0.12 | ) | 10.75 | ||||||||||||||||||||||
| 3/31/21 | 10.22 | 0.27 | 0.58 | 0.85 | (0.27 | ) | (0.18 | ) | (0.45 | ) | 10.62 | |||||||||||||||||||||||
| 3/31/20 | 10.33 | 0.33 | (0.02 | ) | 0.31 | (0.33 | ) | (0.09 | ) | (0.42 | ) | 10.22 | ||||||||||||||||||||||
| 3/31/19 | 10.00 | 0.13 | 0.33 | 0.46 | (0.13 | ) | — | (0.13 | ) | 10.33 | ||||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 10.62 | 0.12 | 0.13 | 0.25 | (0.12 | ) | — | (0.12 | ) | 10.75 | ||||||||||||||||||||||
| 3/31/21 | 10.22 | 0.26 | 0.58 | 0.84 | (0.26 | ) | (0.18 | ) | (0.44 | ) | 10.62 | |||||||||||||||||||||||
| 3/31/20 | 10.33 | 0.32 | (0.02 | ) | 0.30 | (0.32 | ) | (0.09 | ) | (0.41 | ) | 10.22 | ||||||||||||||||||||||
| 3/31/19 | 10.00 | 0.13 | 0.33 | 0.46 | (0.13 | ) | — | (0.13 | ) | 10.33 | ||||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 10.63 | 0.12 | 0.12 | 0.24 | (0.12 | ) | — | (0.12 | ) | 10.75 | ||||||||||||||||||||||
| 3/31/21 | 10.22 | 0.26 | 0.59 | 0.85 | (0.26 | ) | (0.18 | ) | (0.44 | ) | 10.63 | |||||||||||||||||||||||
| 3/31/20 | 10.33 | 0.31 | (0.01 | ) | 0.30 | (0.32 | ) | (0.09 | ) | (0.41 | ) | 10.22 | ||||||||||||||||||||||
| 3/31/19 | 10.00 | 0.13 | 0.33 | 0.46 | (0.13 | ) | — | (0.13 | ) | 10.33 | ||||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 10.63 | 0.11 | 0.12 | 0.23 | (0.11 | ) | — | (0.11 | ) | 10.75 | ||||||||||||||||||||||
| 3/31/21 | 10.22 | 0.24 | 0.59 | 0.83 | (0.24 | ) | (0.18 | ) | (0.42 | ) | 10.63 | |||||||||||||||||||||||
| 3/31/20 | 10.33 | 0.30 | (0.01 | ) | 0.29 | (0.31 | ) | (0.09 | ) | (0.40 | ) | 10.22 | ||||||||||||||||||||||
| 3/31/19 | 10.00 | 0.13 | 0.33 | 0.46 | (0.13 | ) | — | (0.13 | ) | 10.33 | ||||||||||||||||||||||||
| HIGH-YIELD FUND | ||||||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 9.53 | 0.22 | 0.09 | 0.31 | (0.22 | ) | — | (0.22 | ) | 9.62 | ||||||||||||||||||||||
| 3/31/21 | 8.36 | 0.47 | 1.17 | 1.64 | (0.47 | ) | — | (0.47 | ) | 9.53 | ||||||||||||||||||||||||
| 3/31/20 | 9.61 | 0.54 | (1.25 | ) | (0.71 | ) | (0.54 | ) | — | (0.54 | ) | 8.36 | ||||||||||||||||||||||
| 3/31/19 | 9.56 | 0.56 | 0.05 | 0.61 | (0.56 | ) | — | (0.56 | ) | 9.61 | ||||||||||||||||||||||||
| 3/31/18 | 9.80 | 0.51 | (0.24 | ) | 0.27 | (0.51 | ) | — | (0.51 | ) | 9.56 | |||||||||||||||||||||||
| 3/31/17 | 9.02 | 0.56 | 0.78 | 1.34 | (0.56 | ) | — | (0.56 | ) | 9.80 | ||||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 9.52 | 0.22 | 0.09 | 0.31 | (0.22 | ) | — | (0.22 | ) | 9.61 | ||||||||||||||||||||||
| 3/31/21 | 8.35 | 0.46 | 1.17 | 1.63 | (0.46 | ) | — | (0.46 | ) | 9.52 | ||||||||||||||||||||||||
| 3/31/20 | 9.60 | 0.53 | (1.25 | ) | (0.72 | ) | (0.53 | ) | — | (0.53 | ) | 8.35 | ||||||||||||||||||||||
| 3/31/19 | 9.56 | 0.55 | 0.03 | 0.58 | (0.54 | ) | — | (0.54 | ) | 9.60 | ||||||||||||||||||||||||
| 3/31/18 | 9.80 | 0.49 | (0.23 | ) | 0.26 | (0.50 | ) | — | (0.50 | ) | 9.56 | |||||||||||||||||||||||
| 3/31/17 | 9.01 | 0.53 | 0.81 | 1.34 | (0.55 | ) | — | (0.55 | ) | 9.80 | ||||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 9.54 | 0.22 | 0.09 | 0.31 | (0.22 | ) | — | (0.22 | ) | 9.63 | ||||||||||||||||||||||
| 3/31/21 | 8.37 | 0.46 | 1.17 | 1.63 | (0.46 | ) | — | (0.46 | ) | 9.54 | ||||||||||||||||||||||||
| 3/31/20 | 9.62 | 0.53 | (1.25 | ) | (0.72 | ) | (0.53 | ) | — | (0.53 | ) | 8.37 | ||||||||||||||||||||||
| 3/31/19 | 9.57 | 0.54 | 0.05 | 0.59 | (0.54 | ) | — | (0.54 | ) | 9.62 | ||||||||||||||||||||||||
| 3/31/18 | 9.81 | 0.49 | (0.24 | ) | 0.25 | (0.49 | ) | — | (0.49 | ) | 9.57 | |||||||||||||||||||||||
| 3/31/17 | 9.02 | 0.54 | 0.79 | 1.33 | (0.54 | ) | — | (0.54 | ) | 9.81 | ||||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 9.53 | 0.21 | 0.09 | 0.30 | (0.21 | ) | — | (0.21 | ) | 9.62 | ||||||||||||||||||||||
| 3/31/21 | 8.36 | 0.45 | 1.17 | 1.62 | (0.45 | ) | — | (0.45 | ) | 9.53 | ||||||||||||||||||||||||
| 3/31/20 | 9.61 | 0.52 | (1.25 | ) | (0.73 | ) | (0.52 | ) | — | (0.52 | ) | 8.36 | ||||||||||||||||||||||
| 3/31/19 | 9.57 | 0.53 | 0.04 | 0.57 | (0.53 | ) | — | (0.53 | ) | 9.61 | ||||||||||||||||||||||||
| 3/31/18 | 9.81 | 0.48 | (0.24 | ) | 0.24 | (0.48 | ) | — | (0.48 | ) | 9.57 | |||||||||||||||||||||||
| 3/31/17 | 9.02 | 0.53 | 0.79 | 1.32 | (0.53 | ) | — | (0.53 | ) | 9.81 | ||||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 9.57 | 0.21 | 0.09 | 0.30 | (0.21 | ) | — | (0.21 | ) | 9.66 | ||||||||||||||||||||||
| 3/31/21 | 8.39 | 0.45 | 1.18 | 1.63 | (0.45 | ) | — | (0.45 | ) | 9.57 | ||||||||||||||||||||||||
| 3/31/20 | 9.65 | 0.52 | (1.26 | ) | (0.74 | ) | (0.52 | ) | — | (0.52 | ) | 8.39 | ||||||||||||||||||||||
| 3/31/19 | 9.61 | 0.53 | 0.04 | 0.57 | (0.53 | ) | — | (0.53 | ) | 9.65 | ||||||||||||||||||||||||
| 3/31/18 | 9.85 | 0.48 | (0.24 | ) | 0.24 | (0.48 | ) | — | (0.48 | ) | 9.61 | |||||||||||||||||||||||
| 3/31/17 | 9.06 | 0.53 | 0.79 | 1.32 | (0.53 | ) | — | (0.53 | ) | 9.85 | ||||||||||||||||||||||||
| Class W: | 9/30/21 | # | 9.53 | 0.24 | 0.09 | 0.33 | (0.24 | ) | — | (0.24 | ) | 9.62 | ||||||||||||||||||||||
| 3/31/21 | 8.36 | 0.50 | 1.17 | 1.67 | (0.50 | ) | — | (0.50 | ) | 9.53 | ||||||||||||||||||||||||
| 3/31/20 | 9.61 | 0.57 | (1.25 | ) | (0.68 | ) | (0.57 | ) | — | (0.57 | ) | 8.36 | ||||||||||||||||||||||
| 3/31/19 | †† | 9.66 | 0.30 | (0.05 | ) | 0.25 | (0.30 | ) | — | (0.30 | ) | 9.61 | ||||||||||||||||||||||
| 84 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
continued
| Ratios and supplemental data | ||||||||||||||||||||||||||
| For the period | Net assets at | Ratios to average net assets | Portfolio | |||||||||||||||||||||||
| or year ended | Total return | end of period (in thousands | ) | Gross expenses | Net expenses | Net investment income (loss | ) | turnover rate | ||||||||||||||||||
| GREEN BOND FUND | ||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 2.40 | %b | $ | 29,698 | 0.79 | %c | 0.45 | %c | 2.31 | %c | 14 | % | ||||||||||||
| 3/31/21 | 8.27 | 27,694 | 0.93 | 0.45 | 2.50 | 34 | ||||||||||||||||||||
| 3/31/20 | 2.94 | 21,857 | 1.21 | 0.45 | 3.15 | 37 | ||||||||||||||||||||
| 3/31/19 | 4.71 | b | 21,751 | 2.99 | c | 0.45 | c | 3.68 | c | 31 | b | |||||||||||||||
| Advisor Class: | 9/30/21 | # | 2.39 | b | 2,307 | 0.81 | c | 0.47 | c | 2.29 | c | 14 | ||||||||||||||
| 3/31/21 | 8.25 | 1,570 | 0.94 | 0.46 | 2.49 | 34 | ||||||||||||||||||||
| 3/31/20 | 2.93 | 1,069 | 1.22 | 0.46 | 3.14 | 37 | ||||||||||||||||||||
| 3/31/19 | 4.66 | b | 1,033 | 3.37 | c | 0.60 | c | 3.53 | c | 31 | b | |||||||||||||||
| Premier Class: | 9/30/21 | # | 2.33 | b | 1,075 | 0.95 | c | 0.58 | c | 2.18 | c | 14 | ||||||||||||||
| 3/31/21 | 8.16 | 1,062 | 1.08 | 0.55 | 2.41 | 34 | ||||||||||||||||||||
| 3/31/20 | 2.79 | 1,022 | 1.37 | 0.60 | 3.00 | 37 | ||||||||||||||||||||
| 3/31/19 | 4.66 | b | 1,033 | 3.52 | c | 0.60 | c | 3.53 | c | 31 | b | |||||||||||||||
| Retirement Class: | 9/30/21 | # | 2.24 | b | 15,225 | 1.04 | c | 0.58 | c | 2.18 | c | 14 | ||||||||||||||
| 3/31/21 | 8.26 | 14,133 | 1.18 | 0.54 | 2.38 | 34 | ||||||||||||||||||||
| 3/31/20 | 2.77 | 6,457 | 1.47 | 0.62 | 2.96 | 37 | ||||||||||||||||||||
| 3/31/19 | 4.65 | b | 1,620 | 3.54 | c | 0.62 | c | 3.60 | c | 31 | b | |||||||||||||||
| Retail Class: | 9/30/21 | # | 2.16 | b | 6,976 | 1.36 | c | 0.73 | c | 2.03 | c | 14 | ||||||||||||||
| 3/31/21 | 8.07 | 6,342 | 1.26 | 0.73 | 2.20 | 34 | ||||||||||||||||||||
| 3/31/20 | 2.69 | 2,816 | 1.59 | 0.71 | 2.87 | 37 | ||||||||||||||||||||
| 3/31/19 | 4.62 | b | 1,403 | 3.92 | c | 0.71 | c | 3.50 | c | 31 | b | |||||||||||||||
| HIGH-YIELD FUND | ||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 3.31 | b | 2,581,556 | 0.35 | c | 0.34 | c | 4.64 | c | 38 | f | |||||||||||||
| 3/31/21 | 19.94 | 2,703,046 | 0.36 | 0.34 | 5.08 | 79 | ||||||||||||||||||||
| 3/31/20 | (7.96 | ) | 2,281,685 | 0.36 | 0.35 | 5.63 | 42 | |||||||||||||||||||
| 3/31/19 | 6.58 | 3,105,793 | 0.36 | 0.36 | 5.86 | 45 | ||||||||||||||||||||
| 3/31/18 | 2.72 | 2,844,390 | 0.36 | 0.36 | 5.19 | 40 | ||||||||||||||||||||
| 3/31/17 | 15.24 | 2,417,175 | 0.36 | 0.36 | 5.81 | 52 | ||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 3.25 | b | 10,891 | 0.47 | c | 0.45 | c | 4.55 | c | 38 | f | |||||||||||||
| 3/31/21 | 19.84 | 8,320 | 0.45 | 0.44 | 4.95 | 79 | ||||||||||||||||||||
| 3/31/20 | (8.08 | ) | 4,669 | 0.47 | 0.47 | 5.50 | 42 | |||||||||||||||||||
| 3/31/19 | 6.34 | 13,910 | 0.47 | 0.47 | 5.80 | 45 | ||||||||||||||||||||
| 3/31/18 | 2.62 | 5,199 | 0.46 | 0.46 | 5.03 | 40 | ||||||||||||||||||||
| 3/31/17 | 15.17 | 5,133 | 0.43 | 0.43 | 5.55 | 52 | ||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 3.23 | b | 16,406 | 0.50 | c | 0.49 | c | 4.49 | c | 38 | f | |||||||||||||
| 3/31/21 | 19.74 | 20,200 | 0.51 | 0.49 | 4.95 | 79 | ||||||||||||||||||||
| 3/31/20 | (8.09 | ) | 19,372 | 0.51 | 0.50 | 5.49 | 42 | |||||||||||||||||||
| 3/31/19 | 6.41 | 32,528 | 0.51 | 0.51 | 5.54 | 45 | ||||||||||||||||||||
| 3/31/18 | 2.57 | 130,399 | 0.51 | 0.51 | 5.02 | 40 | ||||||||||||||||||||
| 3/31/17 | 15.06 | 144,573 | 0.51 | 0.51 | 5.64 | 52 | ||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 3.18 | b | 294,639 | 0.60 | c | 0.59 | c | 4.39 | c | 38 | f | |||||||||||||
| 3/31/21 | 19.64 | 306,428 | 0.61 | 0.59 | 4.85 | 79 | ||||||||||||||||||||
| 3/31/20 | (8.19 | ) | 294,164 | 0.61 | 0.60 | 5.39 | 42 | |||||||||||||||||||
| 3/31/19 | 6.20 | 385,205 | 0.61 | 0.61 | 5.60 | 45 | ||||||||||||||||||||
| 3/31/18 | 2.47 | 418,842 | 0.61 | 0.61 | 4.93 | 40 | ||||||||||||||||||||
| 3/31/17 | 14.95 | 361,397 | 0.61 | 0.61 | 5.55 | 52 | ||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 3.16 | b | 272,173 | 0.64 | c | 0.63 | c | 4.34 | c | 38 | f | |||||||||||||
| 3/31/21 | 19.67 | 276,792 | 0.65 | 0.63 | 4.81 | 79 | ||||||||||||||||||||
| 3/31/20 | (8.27 | ) | 268,804 | 0.64 | 0.63 | 5.35 | 42 | |||||||||||||||||||
| 3/31/19 | 6.17 | 324,373 | 0.63 | 0.63 | 5.55 | 45 | ||||||||||||||||||||
| 3/31/18 | 2.47 | 623,780 | 0.62 | 0.62 | 4.91 | 40 | ||||||||||||||||||||
| 3/31/17 | 15.01 | 620,629 | 0.63 | 0.63 | 5.53 | 52 | ||||||||||||||||||||
| Class W: | 9/30/21 | # | 3.48 | b | 496,203 | 0.35 | c | 0.00 | c | 4.97 | c | 38 | f | |||||||||||||
| 3/31/21 | 20.34 | 469,612 | 0.36 | 0.00 | 5.42 | 79 | ||||||||||||||||||||
| 3/31/20 | (7.64 | ) | 378,659 | 0.36 | 0.00 | 6.00 | 42 | |||||||||||||||||||
| 3/31/19 | †† | 2.69 | b | 290,227 | 0.36 | c | 0.00 | c | 6.38 | c | 45 | |||||||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 85 |
Financial highlights
TIAA-CREF Funds
| Selected per share data | ||||||||||||||||||||||||||||||||||
| Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||
| For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||
| period or year ended | value, beginning of period | investment income (loss | )a | unrealized gain (loss) on total investments | (loss) from investment operations | Net investment income | Net realized gains | dividends and distributions | value, end of period | |||||||||||||||||||||||||
| INFLATION-LINKED BOND FUND | ||||||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | $12.24 | $0.45 | $0.13 | $0.58 | $(0.45 | ) | $ — | $(0.45 | ) | $12.37 | ||||||||||||||||||||||
| 3/31/21 | 11.54 | 0.16 | 0.71 | 0.87 | (0.17 | ) | — | (0.17 | ) | 12.24 | ||||||||||||||||||||||||
| 3/31/20 | 11.29 | 0.29 | 0.20 | 0.49 | (0.24 | ) | — | (0.24 | ) | 11.54 | ||||||||||||||||||||||||
| 3/31/19 | 11.28 | 0.24 | 0.05 | 0.29 | (0.28 | ) | — | (0.28 | ) | 11.29 | ||||||||||||||||||||||||
| 3/31/18 | 11.48 | 0.23 | (0.20 | ) | 0.03 | (0.23 | ) | — | (0.23 | ) | 11.28 | |||||||||||||||||||||||
| 3/31/17 | 11.53 | 0.27 | (0.14 | ) | 0.13 | (0.18 | ) | — | (0.18 | ) | 11.48 | |||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 12.24 | 0.45 | 0.14 | 0.59 | (0.45 | ) | — | (0.45 | ) | 12.38 | ||||||||||||||||||||||
| 3/31/21 | 11.55 | 0.16 | 0.69 | 0.85 | (0.16 | ) | — | (0.16 | ) | 12.24 | ||||||||||||||||||||||||
| 3/31/20 | 11.29 | 0.21 | 0.28 | 0.49 | (0.23 | ) | — | (0.23 | ) | 11.55 | ||||||||||||||||||||||||
| 3/31/19 | 11.28 | 0.16 | 0.12 | 0.28 | (0.27 | ) | — | (0.27 | ) | 11.29 | ||||||||||||||||||||||||
| 3/31/18 | 11.48 | 0.21 | (0.20 | ) | 0.01 | (0.21 | ) | — | (0.21 | ) | 11.28 | |||||||||||||||||||||||
| 3/31/17 | 11.53 | 0.30 | (0.18 | ) | 0.12 | (0.17 | ) | — | (0.17 | ) | 11.48 | |||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 12.22 | 0.44 | 0.13 | 0.57 | (0.44 | ) | — | (0.44 | ) | 12.35 | ||||||||||||||||||||||
| 3/31/21 | 11.52 | 0.16 | 0.69 | 0.85 | (0.15 | ) | — | (0.15 | ) | 12.22 | ||||||||||||||||||||||||
| 3/31/20 | 11.26 | 0.28 | 0.20 | 0.48 | (0.22 | ) | — | (0.22 | ) | 11.52 | ||||||||||||||||||||||||
| 3/31/19 | 11.25 | 0.21 | 0.06 | 0.27 | (0.26 | ) | — | (0.26 | ) | 11.26 | ||||||||||||||||||||||||
| 3/31/18 | 11.45 | 0.22 | (0.21 | ) | 0.01 | (0.21 | ) | — | (0.21 | ) | 11.25 | |||||||||||||||||||||||
| 3/31/17 | 11.50 | 0.25 | (0.14 | ) | 0.11 | (0.16 | ) | — | (0.16 | ) | 11.45 | |||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 12.34 | 0.44 | 0.13 | 0.57 | (0.44 | ) | — | (0.44 | ) | 12.47 | ||||||||||||||||||||||
| 3/31/21 | 11.63 | 0.14 | 0.71 | 0.85 | (0.14 | ) | — | (0.14 | ) | 12.34 | ||||||||||||||||||||||||
| 3/31/20 | 11.36 | 0.28 | 0.19 | 0.47 | (0.20 | ) | — | (0.20 | ) | 11.63 | ||||||||||||||||||||||||
| 3/31/19 | 11.36 | 0.17 | 0.09 | 0.26 | (0.26 | ) | — | (0.26 | ) | 11.36 | ||||||||||||||||||||||||
| 3/31/18 | 11.56 | 0.21 | (0.21 | ) | — | (0.20 | ) | — | (0.20 | ) | 11.36 | |||||||||||||||||||||||
| 3/31/17 | 11.61 | 0.24 | (0.14 | ) | 0.10 | (0.15 | ) | — | (0.15 | ) | 11.56 | |||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 11.92 | 0.42 | 0.12 | 0.54 | (0.42 | ) | — | (0.42 | ) | 12.04 | ||||||||||||||||||||||
| 3/31/21 | 11.25 | 0.13 | 0.67 | 0.80 | (0.13 | ) | — | (0.13 | ) | 11.92 | ||||||||||||||||||||||||
| 3/31/20 | 10.99 | 0.23 | 0.23 | 0.46 | (0.20 | ) | — | (0.20 | ) | 11.25 | ||||||||||||||||||||||||
| 3/31/19 | 11.00 | 0.16 | 0.08 | 0.24 | (0.25 | ) | — | (0.25 | ) | 10.99 | ||||||||||||||||||||||||
| 3/31/18 | 11.20 | 0.19 | (0.20 | ) | (0.01 | ) | (0.19 | ) | — | (0.19 | ) | 11.00 | ||||||||||||||||||||||
| 3/31/17 | 11.25 | 0.23 | (0.14 | ) | 0.09 | (0.14 | ) | — | (0.14 | ) | 11.20 | |||||||||||||||||||||||
| Class W: | 9/30/21 | # | 12.24 | 0.47 | 0.13 | 0.60 | (0.47 | ) | — | (0.47 | ) | 12.37 | ||||||||||||||||||||||
| 3/31/21 | 11.54 | 0.21 | 0.68 | 0.89 | (0.19 | ) | — | (0.19 | ) | 12.24 | ||||||||||||||||||||||||
| 3/31/20 | 11.29 | 0.31 | 0.21 | 0.52 | (0.27 | ) | — | (0.27 | ) | 11.54 | ||||||||||||||||||||||||
| 3/31/19 | †† | 11.13 | 0.02 | 0.26 | 0.28 | (0.12 | ) | — | (0.12 | ) | 11.29 | |||||||||||||||||||||||
| SHORT DURATION IMPACT BOND FUND | ||||||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 10.25 | 0.08 | (0.01 | ) | 0.07 | (0.08 | ) | — | (0.08 | ) | 10.24 | |||||||||||||||||||||
| 3/31/21 | 9.86 | 0.20 | 0.48 | 0.68 | (0.20 | ) | (0.09 | ) | (0.29 | ) | 10.25 | |||||||||||||||||||||||
| 3/31/20 | 10.08 | 0.28 | (0.17 | ) | 0.11 | (0.28 | ) | (0.05 | ) | (0.33 | ) | 9.86 | ||||||||||||||||||||||
| 3/31/19 | § | 10.00 | 0.12 | 0.08 | 0.20 | (0.12 | ) | — | (0.12 | ) | 10.08 | |||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 10.25 | 0.08 | (0.01 | ) | 0.07 | (0.08 | ) | — | (0.08 | ) | 10.24 | |||||||||||||||||||||
| 3/31/21 | 9.86 | 0.20 | 0.48 | 0.68 | (0.20 | ) | (0.09 | ) | (0.29 | ) | 10.25 | |||||||||||||||||||||||
| 3/31/20 | 10.08 | 0.28 | (0.17 | ) | 0.11 | (0.28 | ) | (0.05 | ) | (0.33 | ) | 9.86 | ||||||||||||||||||||||
| 3/31/19 | § | 10.00 | 0.11 | 0.08 | 0.19 | (0.11 | ) | — | (0.11 | ) | 10.08 | |||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 10.25 | 0.07 | (0.01 | ) | 0.06 | (0.07 | ) | — | (0.07 | ) | 10.24 | |||||||||||||||||||||
| 3/31/21 | 9.86 | 0.19 | 0.48 | 0.67 | (0.19 | ) | (0.09 | ) | (0.28 | ) | 10.25 | |||||||||||||||||||||||
| 3/31/20 | 10.08 | 0.27 | (0.17 | ) | 0.10 | (0.27 | ) | (0.05 | ) | (0.32 | ) | 9.86 | ||||||||||||||||||||||
| 3/31/19 | § | 10.00 | 0.11 | 0.08 | 0.19 | (0.11 | ) | — | (0.11 | ) | 10.08 | |||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 10.25 | 0.06 | (0.01 | ) | 0.05 | (0.06 | ) | — | (0.06 | ) | 10.24 | |||||||||||||||||||||
| 3/31/21 | 9.86 | 0.18 | 0.48 | 0.66 | (0.18 | ) | (0.09 | ) | (0.27 | ) | 10.25 | |||||||||||||||||||||||
| 3/31/20 | 10.08 | 0.25 | (0.16 | ) | 0.09 | (0.26 | ) | (0.05 | ) | (0.31 | ) | 9.86 | ||||||||||||||||||||||
| 3/31/19 | § | 10.00 | 0.11 | 0.08 | 0.19 | (0.11 | ) | — | (0.11 | ) | 10.08 | |||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 10.25 | 0.06 | (0.01 | ) | 0.05 | (0.06 | ) | — | (0.06 | ) | 10.24 | |||||||||||||||||||||
| 3/31/21 | 9.86 | 0.18 | 0.48 | 0.66 | (0.18 | ) | (0.09 | ) | (0.27 | ) | 10.25 | |||||||||||||||||||||||
| 3/31/20 | 10.08 | 0.25 | (0.17 | ) | 0.08 | (0.25 | ) | (0.05 | ) | (0.30 | ) | 9.86 | ||||||||||||||||||||||
| 3/31/19 | § | 10.00 | 0.11 | 0.08 | 0.19 | (0.11 | ) | — | (0.11 | ) | 10.08 | |||||||||||||||||||||||
| 86 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
continued
| Ratios and supplemental data | ||||||||||||||||||||||||||
| For the period | Net assets at | Ratios to average net assets | Portfolio | |||||||||||||||||||||||
| or year ended | Total return | end of period (in thousands | ) | Gross expenses | Net expenses | Net investment income (loss | ) | turnover rate | ||||||||||||||||||
| INFLATION-LINKED BOND FUND | ||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 3.86 | %b | $1,299,007 | 0.25 | %c | 0.23 | %c | 7.20 | %c | 9 | %f | |||||||||||||
| 3/31/21 | 7.53 | 1,209,995 | 0.25 | 0.23 | 1.31 | 27 | ||||||||||||||||||||
| 3/31/20 | 4.36 | 1,692,282 | 0.26 | 0.24 | 2.56 | 26 | ||||||||||||||||||||
| 3/31/19 | 2.67 | 1,634,250 | 0.26 | 0.26 | 2.12 | 21 | ||||||||||||||||||||
| 3/31/18 | 0.23 | 2,542,095 | 0.26 | 0.26 | 2.05 | 17 | ||||||||||||||||||||
| 3/31/17 | 1.12 | 2,163,413 | 0.26 | 0.26 | 2.31 | 28 | ||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 3.81 | b | 162,807 | 0.34 | c | 0.32 | c | 7.22 | c | 9 | f | |||||||||||||
| 3/31/21 | 7.43 | 123,505 | 0.34 | 0.32 | 1.31 | 27 | ||||||||||||||||||||
| 3/31/20 | 4.38 | 141,821 | 0.34 | 0.32 | 1.79 | 26 | ||||||||||||||||||||
| 3/31/19 | 2.52 | 300 | 0.36 | 0.36 | 1.47 | 21 | ||||||||||||||||||||
| 3/31/18 | 0.12 | 270 | 0.42 | 0.41 | 1.88 | 17 | ||||||||||||||||||||
| 3/31/17 | 1.08 | 225 | 0.28 | 0.28 | 2.62 | 28 | ||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 3.79 | b | 2,888 | 0.40 | c | 0.38 | c | 6.96 | c | 9 | f | |||||||||||||
| 3/31/21 | 7.38 | 8,211 | 0.40 | 0.38 | 1.34 | 27 | ||||||||||||||||||||
| 3/31/20 | 4.26 | 3,068 | 0.41 | 0.39 | 2.42 | 26 | ||||||||||||||||||||
| 3/31/19 | 2.44 | 3,490 | 0.41 | 0.41 | 1.86 | 21 | ||||||||||||||||||||
| 3/31/18 | 0.08 | 10,811 | 0.41 | 0.41 | 1.90 | 17 | ||||||||||||||||||||
| 3/31/17 | 0.97 | 11,361 | 0.41 | 0.41 | 2.20 | 28 | ||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 3.70 | b | 180,008 | 0.50 | c | 0.48 | c | 6.98 | c | 9 | f | |||||||||||||
| 3/31/21 | 7.29 | 178,970 | 0.50 | 0.48 | 1.17 | 27 | ||||||||||||||||||||
| 3/31/20 | 4.18 | 188,609 | 0.51 | 0.49 | 2.37 | 26 | ||||||||||||||||||||
| 3/31/19 | 2.31 | 222,321 | 0.51 | 0.51 | 1.50 | 21 | ||||||||||||||||||||
| 3/31/18 | (0.03 | ) | 231,263 | 0.51 | 0.51 | 1.81 | 17 | |||||||||||||||||||
| 3/31/17 | 0.84 | 235,188 | 0.57 | 0.55 | 2.07 | 28 | ||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 3.71 | b | 158,504 | 0.57 | c | 0.55 | c | 6.91 | c | 9 | f | |||||||||||||
| 3/31/21 | 7.12 | 150,264 | 0.56 | 0.54 | 1.13 | 27 | ||||||||||||||||||||
| 3/31/20 | 4.07 | 149,027 | 0.57 | 0.55 | 2.06 | 26 | ||||||||||||||||||||
| 3/31/19 | 2.32 | 101,245 | 0.58 | 0.58 | 1.46 | 21 | ||||||||||||||||||||
| 3/31/18 | (0.14 | ) | 110,279 | 0.59 | 0.59 | 1.70 | 17 | |||||||||||||||||||
| 3/31/17 | 0.83 | 121,954 | 0.58 | 0.58 | 2.03 | 28 | ||||||||||||||||||||
| Class W: | 9/30/21 | # | 3.98 | b | 1,935,030 | 0.25 | c | 0.00 | c | 7.47 | c | 9 | f | |||||||||||||
| 3/31/21 | 7.77 | 1,746,530 | 0.25 | 0.00 | 1.71 | 27 | ||||||||||||||||||||
| 3/31/20 | 4.67 | 1,252,667 | 0.26 | 0.00 | 2.70 | 26 | ||||||||||||||||||||
| 3/31/19 | †† | 2.56 | b | 1,132,698 | 0.26 | c | 0.00 | c | 0.31 | c | 21 | |||||||||||||||
| SHORT DURATION IMPACT BOND FUND | ||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 0.65 | b | 25,059 | 0.88 | c | 0.35 | c | 1.49 | c | 38 | ||||||||||||||
| 3/31/21 | 6.92 | 23,952 | 1.06 | 0.35 | 1.99 | 136 | ||||||||||||||||||||
| 3/31/20 | 1.08 | 22,112 | 1.18 | 0.35 | 2.77 | 103 | ||||||||||||||||||||
| 3/31/19 | § | 1.99 | b | 22,599 | 2.89 | c | 0.35 | c | 3.17 | c | 39 | b | ||||||||||||||
| Advisor Class: | 9/30/21 | # | 0.64 | b | 2,919 | 0.91 | c | 0.37 | c | 1.45 | c | 38 | ||||||||||||||
| 3/31/21 | 6.92 | 1,077 | 1.06 | 0.35 | 1.99 | 136 | ||||||||||||||||||||
| 3/31/20 | 1.07 | 986 | 1.18 | 0.35 | 2.77 | 103 | ||||||||||||||||||||
| 3/31/19 | § | 1.93 | b | 1,008 | 3.27 | c | 0.50 | c | 3.01 | c | 39 | b | ||||||||||||||
| Premier Class: | 9/30/21 | # | 0.57 | b | 1,024 | 1.04 | c | 0.50 | c | 1.33 | c | 38 | ||||||||||||||
| 3/31/21 | 6.76 | 1,025 | 1.21 | 0.50 | 1.84 | 136 | ||||||||||||||||||||
| 3/31/20 | 0.93 | 986 | 1.34 | 0.50 | 2.62 | 103 | ||||||||||||||||||||
| 3/31/19 | § | 1.93 | b | 1,008 | 3.42 | c | 0.50 | c | 3.01 | c | 39 | b | ||||||||||||||
| Retirement Class: | 9/30/21 | # | 0.54 | b | 5,188 | 1.13 | c | 0.58 | c | 1.26 | c | 38 | ||||||||||||||
| 3/31/21 | 6.66 | 4,737 | 1.31 | 0.60 | 1.72 | 136 | ||||||||||||||||||||
| 3/31/20 | 0.83 | 3,260 | 1.43 | 0.60 | 2.51 | 103 | ||||||||||||||||||||
| 3/31/19 | § | 1.90 | b | 1,095 | 3.50 | c | 0.60 | c | 2.91 | c | 39 | b | ||||||||||||||
| Retail Class: | 9/30/21 | # | 0.52 | b | 2,263 | 1.93 | c | 0.60 | c | 1.23 | c | 38 | ||||||||||||||
| 3/31/21 | 6.67 | 2,207 | 1.40 | 0.59 | 1.71 | 136 | ||||||||||||||||||||
| 3/31/20 | 0.74 | 1,233 | 1.61 | 0.68 | 2.44 | 103 | ||||||||||||||||||||
| 3/31/19 | § | 1.87 | b | 1,118 | 3.85 | c | 0.68 | c | 2.84 | c | 39 | b | ||||||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 87 |
Financial highlights
TIAA-CREF Funds
| Selected per share data | ||||||||||||||||||||||||||||||||||
| Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||
| For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||
| period or year ended | value, beginning of period | investment income (loss | )a | unrealized gain (loss) on total investments | (loss) from investment operations | Net investment income | Net realized gains | dividends and distributions | value, end of period | |||||||||||||||||||||||||
| SHORT-TERM BOND FUND | ||||||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | $10.47 | $0.08 | $(0.02 | ) | $0.06 | $(0.08 | ) | $ — | $(0.08 | ) | $10.45 | |||||||||||||||||||||
| 3/31/21 | 10.22 | 0.17 | 0.26 | 0.43 | (0.17 | ) | (0.01 | ) | (0.18 | ) | 10.47 | |||||||||||||||||||||||
| 3/31/20 | 10.29 | 0.27 | (0.07 | ) | 0.20 | (0.27 | ) | — | (0.27 | ) | 10.22 | |||||||||||||||||||||||
| 3/31/19 | 10.25 | 0.26 | 0.04 | 0.30 | (0.26 | ) | — | (0.26 | ) | 10.29 | ||||||||||||||||||||||||
| 3/31/18 | 10.34 | 0.20 | (0.08 | ) | 0.12 | (0.20 | ) | (0.01 | ) | (0.21 | ) | 10.25 | ||||||||||||||||||||||
| 3/31/17 | 10.34 | 0.19 | — | 0.19 | (0.19 | ) | (0.00 | )d | (0.19 | ) | 10.34 | |||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 10.46 | 0.08 | (0.01 | ) | 0.07 | (0.08 | ) | — | (0.08 | ) | 10.45 | |||||||||||||||||||||
| 3/31/21 | 10.21 | 0.16 | 0.27 | 0.43 | (0.17 | ) | (0.01 | ) | (0.18 | ) | 10.46 | |||||||||||||||||||||||
| 3/31/20 | 10.29 | 0.26 | (0.08 | ) | 0.18 | (0.26 | ) | — | (0.26 | ) | 10.21 | |||||||||||||||||||||||
| 3/31/19 | 10.24 | 0.27 | 0.03 | 0.30 | (0.25 | ) | — | (0.25 | ) | 10.29 | ||||||||||||||||||||||||
| 3/31/18 | 10.34 | 0.20 | (0.09 | ) | 0.11 | (0.20 | ) | (0.01 | ) | (0.21 | ) | 10.24 | ||||||||||||||||||||||
| 3/31/17 | 10.33 | 0.19 | 0.01 | 0.20 | (0.19 | ) | (0.00 | )d | (0.19 | ) | 10.34 | |||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 10.48 | 0.07 | (0.02 | ) | 0.05 | (0.07 | ) | — | (0.07 | ) | 10.46 | |||||||||||||||||||||
| 3/31/21 | 10.23 | 0.16 | 0.26 | 0.42 | (0.16 | ) | (0.01 | ) | (0.17 | ) | 10.48 | |||||||||||||||||||||||
| 3/31/20 | 10.30 | 0.26 | (0.07 | ) | 0.19 | (0.26 | ) | — | (0.26 | ) | 10.23 | |||||||||||||||||||||||
| 3/31/19 | 10.26 | 0.25 | 0.04 | 0.29 | (0.25 | ) | — | (0.25 | ) | 10.30 | ||||||||||||||||||||||||
| 3/31/18 | 10.35 | 0.18 | (0.07 | ) | 0.11 | (0.19 | ) | (0.01 | ) | (0.20 | ) | 10.26 | ||||||||||||||||||||||
| 3/31/17 | 10.35 | 0.17 | — | 0.17 | (0.17 | ) | (0.00 | )d | (0.17 | ) | 10.35 | |||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 10.48 | 0.07 | (0.01 | ) | 0.06 | (0.07 | ) | — | (0.07 | ) | 10.47 | |||||||||||||||||||||
| 3/31/21 | 10.23 | 0.15 | 0.26 | 0.41 | (0.15 | ) | (0.01 | ) | (0.16 | ) | 10.48 | |||||||||||||||||||||||
| 3/31/20 | 10.30 | 0.25 | (0.07 | ) | 0.18 | (0.25 | ) | — | (0.25 | ) | 10.23 | |||||||||||||||||||||||
| 3/31/19 | 10.26 | 0.24 | 0.04 | 0.28 | (0.24 | ) | — | (0.24 | ) | 10.30 | ||||||||||||||||||||||||
| 3/31/18 | 10.35 | 0.17 | (0.07 | ) | 0.10 | (0.18 | ) | (0.01 | ) | (0.19 | ) | 10.26 | ||||||||||||||||||||||
| 3/31/17 | 10.35 | 0.16 | — | 0.16 | (0.16 | ) | (0.00 | )d | (0.16 | ) | 10.35 | |||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 10.47 | 0.07 | (0.01 | ) | 0.06 | (0.07 | ) | — | (0.07 | ) | 10.46 | |||||||||||||||||||||
| 3/31/21 | 10.23 | 0.14 | 0.25 | 0.39 | (0.14 | ) | (0.01 | ) | (0.15 | ) | 10.47 | |||||||||||||||||||||||
| 3/31/20 | 10.30 | 0.24 | (0.07 | ) | 0.17 | (0.24 | ) | — | (0.24 | ) | 10.23 | |||||||||||||||||||||||
| 3/31/19 | 10.26 | 0.23 | 0.04 | 0.27 | (0.23 | ) | — | (0.23 | ) | 10.30 | ||||||||||||||||||||||||
| 3/31/18 | 10.35 | 0.17 | (0.08 | ) | 0.09 | (0.17 | ) | (0.01 | ) | (0.18 | ) | 10.26 | ||||||||||||||||||||||
| 3/31/17 | 10.34 | 0.16 | 0.01 | 0.17 | (0.16 | ) | (0.00 | )d | (0.16 | ) | 10.35 | |||||||||||||||||||||||
| Class W: | 9/30/21 | # | 10.46 | 0.10 | (0.01 | ) | 0.09 | (0.10 | ) | — | (0.10 | ) | 10.45 | |||||||||||||||||||||
| 3/31/21 | 10.22 | 0.20 | 0.25 | 0.45 | (0.20 | ) | (0.01 | ) | (0.21 | ) | 10.46 | |||||||||||||||||||||||
| 3/31/20 | 10.29 | 0.30 | (0.07 | ) | 0.23 | (0.30 | ) | — | (0.30 | ) | 10.22 | |||||||||||||||||||||||
| 3/31/19 | †† | 10.20 | 0.15 | 0.09 | 0.24 | (0.15 | ) | — | (0.15 | ) | 10.29 | |||||||||||||||||||||||
| 88 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
continued
| Ratios and supplemental data | ||||||||||||||||||||||||||||||
| For the period | Net assets at | Ratios to average net assets | Portfolio | Portfolio turnover rate excluding | ||||||||||||||||||||||||||
| or year ended | Total return | end of period (in thousands | ) | Gross expenses | Net expenses | Net investment income (loss | ) | turnover rate | mortgage dollar rolls | |||||||||||||||||||||
| SHORT-TERM BOND FUND | ||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 0.59 | %b | $ 512,306 | 0.26 | %c | 0.26 | %c | 1.55 | %c | 69 | % | 69 | % | |||||||||||||||
| 3/31/21 | 4.23 | 666,050 | 0.26 | 0.26 | 1.66 | 167 | 161 | |||||||||||||||||||||||
| 3/31/20 | 1.95 | 616,292 | 0.27 | 0.27 | 2.63 | 139 | 139 | |||||||||||||||||||||||
| 3/31/19 | 2.99 | 902,950 | 0.27 | 0.27 | 2.52 | 118 | 118 | |||||||||||||||||||||||
| 3/31/18 | 1.14 | 1,462,512 | 0.27 | 0.27 | 1.95 | 77 | 77 | |||||||||||||||||||||||
| 3/31/17 | 1.84 | 1,606,917 | 0.27 | 0.27 | 1.81 | 103 | 103 | |||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 0.64 | b | 231,567 | 0.35 | c | 0.35 | c | 1.47 | c | 69 | 69 | |||||||||||||||||
| 3/31/21 | 4.15 | 230,355 | 0.35 | 0.35 | 1.57 | 167 | 161 | |||||||||||||||||||||||
| 3/31/20 | 1.76 | 169,158 | 0.35 | 0.35 | 2.51 | 139 | 139 | |||||||||||||||||||||||
| 3/31/19 | 3.00 | 7,875 | 0.40 | 0.40 | 2.72 | 118 | 118 | |||||||||||||||||||||||
| 3/31/18 | 1.02 | 286 | 0.29 | 0.29 | 1.98 | 77 | 77 | |||||||||||||||||||||||
| 3/31/17 | 1.94 | 100 | 0.28 | 0.28 | 1.81 | 103 | 103 | |||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 0.51 | b | 3,562 | 0.41 | c | 0.41 | c | 1.41 | c | 69 | 69 | |||||||||||||||||
| 3/31/21 | 4.07 | 3,199 | 0.41 | 0.41 | 1.55 | 167 | 161 | |||||||||||||||||||||||
| 3/31/20 | 1.80 | 4,195 | 0.42 | 0.42 | 2.50 | 139 | 139 | |||||||||||||||||||||||
| 3/31/19 | 2.83 | 8,522 | 0.42 | 0.42 | 2.39 | 118 | 118 | |||||||||||||||||||||||
| 3/31/18 | 0.99 | 11,705 | 0.42 | 0.42 | 1.78 | 77 | 77 | |||||||||||||||||||||||
| 3/31/17 | 1.69 | 14,966 | 0.42 | 0.42 | 1.66 | 103 | 103 | |||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 0.56 | b | 131,640 | 0.51 | c | 0.51 | c | 1.31 | c | 69 | 69 | |||||||||||||||||
| 3/31/21 | 3.97 | 142,261 | 0.51 | 0.51 | 1.40 | 167 | 161 | |||||||||||||||||||||||
| 3/31/20 | 1.70 | 112,810 | 0.52 | 0.52 | 2.37 | 139 | 139 | |||||||||||||||||||||||
| 3/31/19 | 2.73 | 110,523 | 0.52 | 0.52 | 2.31 | 118 | 118 | |||||||||||||||||||||||
| 3/31/18 | 0.89 | 100,591 | 0.52 | 0.52 | 1.69 | 77 | 77 | |||||||||||||||||||||||
| 3/31/17 | 1.59 | 107,016 | 0.52 | 0.52 | 1.57 | 103 | 103 | |||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 0.53 | b | 156,681 | 0.57 | c | 0.57 | c | 1.25 | c | 69 | 69 | |||||||||||||||||
| 3/31/21 | 3.82 | 162,317 | 0.56 | 0.56 | 1.37 | 167 | 161 | |||||||||||||||||||||||
| 3/31/20 | 1.65 | 173,174 | 0.57 | 0.57 | 2.31 | 139 | 139 | |||||||||||||||||||||||
| 3/31/19 | 2.67 | 111,808 | 0.58 | 0.58 | 2.24 | 118 | 118 | |||||||||||||||||||||||
| 3/31/18 | 0.84 | 126,010 | 0.57 | 0.57 | 1.65 | 77 | 77 | |||||||||||||||||||||||
| 3/31/17 | 1.62 | 130,393 | 0.58 | 0.58 | 1.50 | 103 | 103 | |||||||||||||||||||||||
| Class W: | 9/30/21 | # | 0.82 | b | 1,032,813 | 0.26 | c | 0.00 | c | 1.82 | c | 69 | 69 | |||||||||||||||||
| 3/31/21 | 4.41 | 955,303 | 0.26 | 0.00 | 1.91 | 167 | 161 | |||||||||||||||||||||||
| 3/31/20 | 2.22 | 734,717 | 0.27 | 0.00 | 2.90 | 139 | 139 | |||||||||||||||||||||||
| 3/31/19 | †† | 2.38 | b | 843,472 | 0.27 | c | 0.00 | c | 2.96 | c | 118 | 118 | ||||||||||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 89 |
| Financial highlights |
TIAA-CREF Funds
| Selected per share data | ||||||||||||||||||||||||||||||||||||
| Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||||
| For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||||
| period | value, | investment | unrealized gain | (loss) from | Net | Net | dividends | value, | ||||||||||||||||||||||||||||
| or year | beginning | income | (loss) on total | investment | investment | realized | and | end of | ||||||||||||||||||||||||||||
| ended | of period | (loss | )a | investments | operations | income | gains | distributions | period | |||||||||||||||||||||||||||
| SHORT-TERM BOND INDEX FUND | ||||||||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | $10.11 | $0.03 | $(0.02 | ) | $ 0.01 | $(0.03 | ) | $ — | $(0.03 | ) | $ 10.09 | |||||||||||||||||||||||
| 3/31/21 | 10.12 | 0.13 | 0.02 | 0.15 | (0.13 | ) | (0.03 | ) | (0.16 | ) | 10.11 | |||||||||||||||||||||||||
| 3/31/20 | 9.91 | 0.22 | 0.21 | 0.43 | (0.22 | ) | — | (0.22 | ) | 10.12 | ||||||||||||||||||||||||||
| 3/31/19 | 9.84 | 0.20 | 0.08 | 0.28 | (0.21 | ) | — | (0.21 | ) | 9.91 | ||||||||||||||||||||||||||
| 3/31/18 | 9.97 | 0.14 | (0.13 | ) | 0.01 | (0.14 | ) | — | (0.14 | ) | 9.84 | |||||||||||||||||||||||||
| 3/31/17 | 10.03 | 0.10 | (0.06 | ) | 0.04 | (0.10 | ) | — | (0.10 | ) | 9.97 | |||||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 10.11 | 0.02 | (0.02 | ) | 0.00 | d | (0.02 | ) | — | (0.02 | ) | 10.09 | ||||||||||||||||||||||
| 3/31/21 | 10.12 | 0.12 | 0.02 | 0.14 | (0.12 | ) | (0.03 | ) | (0.15 | ) | 10.11 | |||||||||||||||||||||||||
| 3/31/20 | 9.91 | 0.21 | 0.21 | 0.42 | (0.21 | ) | — | (0.21 | ) | 10.12 | ||||||||||||||||||||||||||
| 3/31/19 | 9.84 | 0.20 | 0.07 | 0.27 | (0.20 | ) | — | (0.20 | ) | 9.91 | ||||||||||||||||||||||||||
| 3/31/18 | 9.97 | 0.13 | (0.13 | ) | — | (0.13 | ) | — | (0.13 | ) | 9.84 | |||||||||||||||||||||||||
| 3/31/17 | 10.03 | 0.10 | (0.06 | ) | 0.04 | (0.10 | ) | — | (0.10 | ) | 9.97 | |||||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 10.10 | 0.02 | (0.02 | ) | 0.00 | d | (0.02 | ) | — | (0.02 | ) | 10.08 | ||||||||||||||||||||||
| 3/31/21 | 10.12 | 0.12 | 0.01 | 0.13 | (0.12 | ) | (0.03 | ) | (0.15 | ) | 10.10 | |||||||||||||||||||||||||
| 3/31/20 | 9.90 | 0.21 | 0.22 | 0.43 | (0.21 | ) | — | (0.21 | ) | 10.12 | ||||||||||||||||||||||||||
| 3/31/19 | 9.83 | 0.20 | 0.07 | 0.27 | (0.20 | ) | — | (0.20 | ) | 9.90 | ||||||||||||||||||||||||||
| 3/31/18 | 9.97 | 0.13 | (0.14 | ) | (0.01 | ) | (0.13 | ) | — | (0.13 | ) | 9.83 | ||||||||||||||||||||||||
| 3/31/17 | 10.03 | 0.09 | (0.06 | ) | 0.03 | (0.09 | ) | — | (0.09 | ) | 9.97 | |||||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 10.11 | 0.02 | (0.02 | ) | 0.00 | d | (0.02 | ) | — | (0.02 | ) | 10.09 | ||||||||||||||||||||||
| 3/31/21 | 10.12 | 0.10 | 0.03 | 0.13 | (0.11 | ) | (0.03 | ) | (0.14 | ) | 10.11 | |||||||||||||||||||||||||
| 3/31/20 | 9.91 | 0.19 | 0.22 | 0.41 | (0.20 | ) | — | (0.20 | ) | 10.12 | ||||||||||||||||||||||||||
| 3/31/19 | 9.84 | 0.19 | 0.07 | 0.26 | (0.19 | ) | — | (0.19 | ) | 9.91 | ||||||||||||||||||||||||||
| 3/31/18 | 9.97 | 0.12 | (0.13 | ) | (0.01 | ) | (0.12 | ) | — | (0.12 | ) | 9.84 | ||||||||||||||||||||||||
| 3/31/17 | 10.03 | 0.08 | (0.06 | ) | 0.02 | (0.08 | ) | — | (0.08 | ) | 9.97 | |||||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 10.11 | 0.01 | (0.02 | ) | (0.01 | ) | (0.01 | ) | — | (0.01 | ) | 10.09 | ||||||||||||||||||||||
| 3/31/21 | 10.12 | 0.10 | 0.02 | 0.12 | (0.10 | ) | (0.03 | ) | (0.13 | ) | 10.11 | |||||||||||||||||||||||||
| 3/31/20 | 9.91 | 0.19 | 0.21 | 0.40 | (0.19 | ) | — | (0.19 | ) | 10.12 | ||||||||||||||||||||||||||
| 3/31/19 | 9.84 | 0.18 | 0.07 | 0.25 | (0.18 | ) | — | (0.18 | ) | 9.91 | ||||||||||||||||||||||||||
| 3/31/18 | 9.97 | 0.11 | (0.13 | ) | (0.02 | ) | (0.11 | ) | — | (0.11 | ) | 9.84 | ||||||||||||||||||||||||
| 3/31/17 | 10.03 | 0.07 | (0.06 | ) | 0.01 | (0.07 | ) | — | (0.07 | ) | 9.97 | |||||||||||||||||||||||||
| Class W: | 9/30/21 | # | 10.11 | 0.03 | (0.02 | ) | 0.01 | (0.03 | ) | — | (0.03 | ) | 10.09 | |||||||||||||||||||||||
| 3/31/21 | 10.12 | 0.14 | 0.02 | 0.16 | (0.14 | ) | (0.03 | ) | (0.17 | ) | 10.11 | |||||||||||||||||||||||||
| 3/31/20 | 9.91 | 0.23 | 0.21 | 0.44 | (0.23 | ) | — | (0.23 | ) | 10.12 | ||||||||||||||||||||||||||
| 3/31/19 | †† | 9.80 | 0.12 | 0.11 | 0.23 | (0.12 | ) | — | (0.12 | ) | 9.91 | |||||||||||||||||||||||||
| 90 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
continued
| Ratios and supplemental data | ||||||||||||||||||||||||||||
| For the | ||||||||||||||||||||||||||||
| period | Net assets at | Ratios to average net assets | Portfolio | |||||||||||||||||||||||||
| or year | end of period | Gross | Net | Net investment | turnover | |||||||||||||||||||||||
| ended | Total return | (in thousands) | expenses | expenses | income (loss) | rate | ||||||||||||||||||||||
| SHORT-TERM BOND INDEX FUND | ||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 0.10 | %b | $ 77,581 | 0.10 | %c | 0.10 | %c | 0.59 | %c | 23 | % | |||||||||||||||
| 3/31/21 | 1.45 | 77,335 | 0.11 | 0.11 | 1.26 | 48 | ||||||||||||||||||||||
| 3/31/20 | 4.41 | 54,735 | 0.13 | 0.12 | 2.21 | 66 | ||||||||||||||||||||||
| 3/31/19 | 2.92 | 43,990 | 0.15 | 0.06 | 2.05 | 61 | ||||||||||||||||||||||
| 3/31/18 | 0.11 | 328,156 | 0.18 | 0.08 | 1.45 | 57 | ||||||||||||||||||||||
| 3/31/17 | 0.44 | 165,909 | 0.25 | 0.12 | 1.05 | 61 | ||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 0.03 | b | 716 | 0.22 | c | 0.22 | c | 0.46 | c | 23 | ||||||||||||||||
| 3/31/21 | 1.32 | 696 | 0.24 | 0.24 | 1.14 | 48 | ||||||||||||||||||||||
| 3/31/20 | 4.25 | 645 | 0.27 | 0.27 | 2.09 | 66 | ||||||||||||||||||||||
| 3/31/19 | 2.78 | 868 | 0.29 | 0.23 | 2.08 | 61 | ||||||||||||||||||||||
| 3/31/18 | (0.03 | ) | 496 | 0.38 | 0.22 | 1.32 | 57 | |||||||||||||||||||||
| 3/31/17 | 0.44 | 171 | 0.25 | 0.12 | 1.05 | 61 | ||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 0.02 | b | 658 | 0.26 | c | 0.26 | c | 0.43 | c | 23 | ||||||||||||||||
| 3/31/21 | 1.30 | 633 | 0.26 | 0.26 | 1.14 | 48 | ||||||||||||||||||||||
| 3/31/20 | 4.25 | 621 | 0.28 | 0.27 | 2.06 | 66 | ||||||||||||||||||||||
| 3/31/19 | 2.77 | 636 | 0.31 | 0.24 | 2.02 | 61 | ||||||||||||||||||||||
| 3/31/18 | (0.14 | ) | 643 | 0.34 | 0.23 | 1.28 | 57 | |||||||||||||||||||||
| 3/31/17 | 0.28 | 362 | 0.41 | 0.27 | 0.85 | 61 | ||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | (0.03 | )b | 246,168 | 0.34 | c | 0.34 | c | 0.33 | c | 23 | ||||||||||||||||
| 3/31/21 | 1.20 | 179,545 | 0.36 | 0.36 | 0.98 | 48 | ||||||||||||||||||||||
| 3/31/20 | 4.15 | 83,232 | 0.38 | 0.37 | 1.96 | 66 | ||||||||||||||||||||||
| 3/31/19 | 2.66 | 52,082 | 0.40 | 0.34 | 1.96 | 61 | ||||||||||||||||||||||
| 3/31/18 | (0.14 | ) | 26,749 | 0.43 | 0.33 | 1.22 | 57 | |||||||||||||||||||||
| 3/31/17 | 0.19 | 10,687 | 0.50 | 0.37 | 0.80 | 61 | ||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | (0.09 | )b | 3,588 | 0.87 | c | 0.47 | c | 0.22 | c | 23 | ||||||||||||||||
| 3/31/21 | 1.12 | 4,318 | 0.44 | 0.44 | 0.94 | 48 | ||||||||||||||||||||||
| 3/31/20 | 4.05 | 3,115 | 0.50 | 0.47 | 1.87 | 66 | ||||||||||||||||||||||
| 3/31/19 | 2.56 | 2,652 | 0.58 | 0.44 | 1.84 | 61 | ||||||||||||||||||||||
| 3/31/18 | (0.24 | ) | 1,990 | 0.64 | 0.44 | 1.06 | 57 | |||||||||||||||||||||
| 3/31/17 | 0.13 | 1,935 | 0.55 | 0.42 | 0.73 | 61 | ||||||||||||||||||||||
| Class W: | 9/30/21 | # | 0.14 | b | 929,034 | 0.09 | c | 0.00 | c | 0.68 | c | 23 | ||||||||||||||||
| 3/31/21 | 1.56 | 803,300 | 0.11 | 0.00 | 1.36 | 48 | ||||||||||||||||||||||
| 3/31/20 | 4.53 | 532,333 | 0.13 | 0.00 | 2.33 | 66 | ||||||||||||||||||||||
| 3/31/19 | †† | 2.36 | b | 395,924 | 0.14 | c | 0.00 | c | 2.46 | c | 61 | b | ||||||||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 91 |
| Financial highlights |
TIAA-CREF Funds
| Selected per share data | ||||||||||||||||||||||||||||||||||||
| Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||||
| For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||||
| period | value, | investment | unrealized gain | (loss) from | Net | Net | dividends | value, | ||||||||||||||||||||||||||||
| or year | beginning | income | (loss) on total | investment | investment | realized | and | end of | ||||||||||||||||||||||||||||
| ended | of period | (loss | )a | investments | operations | income | gains | distributions | period | |||||||||||||||||||||||||||
| MONEY MARKET FUND | ||||||||||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | $1.00 | $ — | $ — | $ — | $ — | $ — | $ — | $1.00 | ||||||||||||||||||||||||||
| 3/31/21 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | ||||||||||||||||||||||||
| 3/31/20 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/19 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/18 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/17 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | ||||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 1.00 | — | — | — | — | — | — | 1.00 | ||||||||||||||||||||||||||
| 3/31/21 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | ||||||||||||||||||||||||
| 3/31/20 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/19 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/18 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/17 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | ||||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 1.00 | — | — | — | — | — | — | 1.00 | ||||||||||||||||||||||||||
| 3/31/21 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | ||||||||||||||||||||||||
| 3/31/20 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/19 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/18 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/17 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | ||||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 1.00 | — | — | — | — | — | — | 1.00 | ||||||||||||||||||||||||||
| 3/31/21 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | ||||||||||||||||||||||||
| 3/31/20 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/19 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/18 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/17 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | ||||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 1.00 | — | — | — | — | — | — | 1.00 | ||||||||||||||||||||||||||
| 3/31/21 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | ||||||||||||||||||||||||
| 3/31/20 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/19 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/18 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | ||||||||||||||||||||||||||
| 3/31/17 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | ||||||||||||||||||||||||
| # | Unaudited |
| § | The Fund commenced operations on November 16, 2018. |
| †† | Class W commenced operations on September 28, 2018. |
| a | Based on average shares outstanding. |
| b | The percentages shown for this period are not annualized. |
| c | The percentages shown for this period are annualized. |
| d | Amount represents less than $0.01 per share. |
| f | Does not include in-kind transactions. |
| 92 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
concluded
| Ratios and supplemental data | ||||||||||||||||||||||||||||
| For the | ||||||||||||||||||||||||||||
| period | Net assets at | Ratios to average net assets | Portfolio | |||||||||||||||||||||||||
| or year | end of period | Gross | Net | Net investment | turnover | |||||||||||||||||||||||
| ended | Total return | (in thousands) | expenses | expenses | income (loss) | rate | ||||||||||||||||||||||
| MONEY MARKET FUND | ||||||||||||||||||||||||||||
| Institutional Class: | 9/30/21 | # | 0.00 | %b | $ 868,193 | 0.12 | %c | 0.05 | %c | 0.00 | %c | — | % | |||||||||||||||
| 3/31/21 | 0.10 | 811,301 | 0.12 | 0.12 | 0.11 | — | ||||||||||||||||||||||
| 3/31/20 | 1.87 | 1,089,417 | 0.13 | 0.13 | 1.83 | — | ||||||||||||||||||||||
| 3/31/19 | 1.98 | 704,326 | 0.14 | 0.14 | 1.99 | — | ||||||||||||||||||||||
| 3/31/18 | 0.96 | 487,762 | 0.15 | 0.15 | 0.95 | — | ||||||||||||||||||||||
| 3/31/17 | 0.34 | 458,837 | 0.14 | 0.14 | 0.35 | — | ||||||||||||||||||||||
| Advisor Class: | 9/30/21 | # | 0.00 | b | 1,116 | 0.16 | c | 0.05 | c | 0.00 | c | — | ||||||||||||||||
| 3/31/21 | 0.15 | 1,018 | 0.08 | 0.07 | 0.15 | — | ||||||||||||||||||||||
| 3/31/20 | 1.86 | 1,225 | 0.17 | 0.17 | 1.79 | — | ||||||||||||||||||||||
| 3/31/19 | 1.94 | 1,426 | 0.23 | 0.23 | 2.14 | — | ||||||||||||||||||||||
| 3/31/18 | 1.04 | 100 | 0.06 | 0.06 | 1.03 | — | ||||||||||||||||||||||
| 3/31/17 | 0.29 | 100 | 0.19 | 0.19 | 0.29 | — | ||||||||||||||||||||||
| Premier Class: | 9/30/21 | # | 0.00 | b | 30,917 | 0.27 | c | 0.05 | c | 0.00 | c | — | ||||||||||||||||
| 3/31/21 | 0.04 | 36,011 | 0.27 | 0.16 | 0.07 | — | ||||||||||||||||||||||
| 3/31/20 | 1.73 | 441,375 | 0.28 | 0.28 | 1.51 | — | ||||||||||||||||||||||
| 3/31/19 | 1.83 | 28,209 | 0.29 | 0.28 | 1.82 | — | ||||||||||||||||||||||
| 3/31/18 | 0.80 | 44,548 | 0.29 | 0.29 | 0.82 | — | ||||||||||||||||||||||
| 3/31/17 | 0.19 | 32,044 | 0.29 | 0.29 | 0.19 | — | ||||||||||||||||||||||
| Retirement Class: | 9/30/21 | # | 0.00 | b | 239,236 | 0.37 | c | 0.05 | c | 0.00 | c | — | ||||||||||||||||
| 3/31/21 | 0.04 | 270,402 | 0.37 | 0.18 | 0.05 | — | ||||||||||||||||||||||
| 3/31/20 | 1.72 | 330,963 | 0.38 | 0.28 | 1.68 | — | ||||||||||||||||||||||
| 3/31/19 | 1.83 | 210,963 | 0.39 | 0.29 | 1.86 | — | ||||||||||||||||||||||
| 3/31/18 | 0.70 | 126,187 | 0.40 | 0.40 | 0.71 | — | ||||||||||||||||||||||
| 3/31/17 | 0.09 | 109,765 | 0.39 | 0.39 | 0.09 | — | ||||||||||||||||||||||
| Retail Class: | 9/30/21 | # | 0.00 | b | 290,912 | 0.48 | c | 0.05 | c | 0.00 | c | — | ||||||||||||||||
| 3/31/21 | 0.02 | 311,011 | 0.47 | 0.20 | 0.02 | — | ||||||||||||||||||||||
| 3/31/20 | 1.54 | 332,054 | 0.47 | 0.46 | 1.53 | — | ||||||||||||||||||||||
| 3/31/19 | 1.66 | 309,452 | 0.48 | 0.45 | 1.65 | — | ||||||||||||||||||||||
| 3/31/18 | 0.62 | 303,155 | 0.48 | 0.48 | 0.61 | — | ||||||||||||||||||||||
| 3/31/17 | 0.03 | 318,718 | 0.49 | 0.45 | 0.03 | — | ||||||||||||||||||||||
| See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 93 |
TIAA-CREF Funds
Note 1—organization
TIAA-CREF Funds (the “Trust”) is a Delaware statutory trust that is registered with the U.S. Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”), as an open-end management investment company. The following are the TIAA-CREF Funds included in this report: Bond Index Fund, Core Bond Fund, Core Impact Bond Fund, Core Plus Bond Fund, 5–15 Year Laddered Tax-Exempt Bond Fund, Green Bond Fund, High-Yield Fund, Inflation-Linked Bond Fund, Short Duration Impact Bond Fund, Short-Term Bond Fund, Short-Term Bond Index Fund, and the Money Market Fund (collectively the “Funds” or individually, the “Fund”).
Teachers Advisors, LLC (“Advisors”), a wholly owned indirect subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”), is registered with the SEC as an investment adviser and provides investment management services for the Funds.
The Funds offer their shares, without a sales load, through their principal underwriter, Nuveen Securities, LLC (“Nuveen Securities”), which is a wholly owned indirect subsidiary of TIAA.
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.
Note 2—significant accounting policies
The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require the use of estimates made by management and the evaluation of subsequent events. 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 net asset value (“NAV”) for financial reporting purposes may differ from the NAV for processing transactions. The NAV for financial reporting purposes includes security and shareholder transactions through the date of the report. Total return is computed based on the NAV used for processing transactions. The following is a summary of the significant accounting policies consistently followed by the Funds.
Investments and investment income: Securities transactions are accounted for as of the trade date for financial reporting purposes. Interest income is recorded on an accrual basis and includes accretion of discounts and amortization of premiums. Dividend income is recorded on the ex-dividend date. Foreign dividend income is recorded on the ex-dividend date or as soon as possible after the Funds determine the existence of a dividend declaration. Securities lending income is comprised of fees earned from borrowers and income earned on cash collateral investments. Realized gains and losses on securities transactions are based upon the specific identification method. Distributions received on securities that represent a return of
capital or capital gains are recorded as a reduction of cost of investments and/or as a realized gain. The Funds estimate the components of distributions received that may be considered return of capital distributions or capital gain distributions.
Multiclass operations and allocations: Income, expenses, realized gains and losses and unrealized appreciation and depreciation of a Fund are allocated on a pro rata basis to each class of shares, except for service agreement fees, distribution fees and transfer agency fees and expenses, which are unique to each class of shares. Most expenses of the Trust can be directly attributed to a fund. Expenses that cannot be directly attributed are allocated to each fund in the Trust based upon the average net assets of each fund.
Distributions to shareholders: Distributions to shareholders are recorded on the ex-dividend date. The amount, character and timing of distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.
Foreign currency transactions and translation: The books and records of the Funds are maintained in U.S. dollars. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollars at the end of each day. Purchases and sales of securities, income, and expenses are translated into U.S. dollars at the prevailing exchange rate on the respective dates of the transactions.
Net realized foreign currency gains and losses resulting from changes in exchange rates associated with (i) foreign currency, (ii) investments and (iii) derivatives include foreign currency gains and losses between trade date and settlement date of the transactions, foreign currency transactions, and the difference between the amounts of interest and dividends recorded on the books of the Funds and the amounts actually received and are recognized as a component of “Net realized gain (loss) on total investments” on the Statements of operations, when applicable.
The unrealized gains and losses resulting from changes in foreign currency exchange rates and changes in foreign exchange rates associated with (i) investments and (ii) other assets and liabilities are recognized as a component of “change in Net unrealized appreciation (depreciation) of investments and foreign currency” on the Statements of operations, when applicable. The unrealized gains and losses resulting from changes in foreign exchange rates associated with investments in derivatives are recognized as a component of the respective derivative’s related “Change in net unrealized appreciation (depreciation) on total investments” on the Statements of operations, when applicable.
Trustee compensation: The Funds pay the members of the Board of Trustees (“Board”), all of whom are independent, certain remuneration for their services, plus travel and other expenses. Trustees may elect to participate in a deferred compensation plan and defer all or a portion of their compensation. In addition, trustees participate in a long-term compensation plan. Amounts deferred are retained by the Funds until paid. Amounts payable to the trustees for compensation are included separately in the accompanying Statements of assets and liabilities. Trustees’ fees, including any deferred and long-term compensation incurred, are reflected in the Statements of operations.
| 94 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Indemnification: Under the Trust’s organizational documents, its officers and directors are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts that provide general indemnifications to other parties. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust that have not yet occurred. However, the Trust has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.
Other matters: The outbreak of the novel coronavirus (“COVID-19”) and subsequent global pandemic began significantly impacting the U.S. and global financial markets and economies during the calendar quarter ended March 31, 2020. The worldwide spread of COVID-19 has created significant uncertainty in the global economy. The duration and extent of COVID-19 over the long term cannot be reasonably estimated at this time. The ultimate impact of COVID-19 and the extent to which COVID-19 impacts the Funds’ normal course of business, results of operations, investments, and cash flows will depend on future developments, which are highly uncertain and difficult to predict. Management continues to monitor and evaluate this situation.
New accounting pronouncements: In March 2020, FASB issued Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The main objective of the new guidance is to provide relief to companies that will be impacted by the expected change in benchmark interest rates, when participating banks will no longer be required to submit London Interbank Offered Rate (LIBOR) quotes by the UK Financial Conduct Authority (FCA). The new guidance allows companies to, provided the only change to existing contracts are a change to an approved benchmark interest rate, account for modifications as a continuance of the existing contract without additional analysis. For new and existing contracts, the Funds may elect to apply the amendments as of March 12, 2020 through December 31, 2022. Management has not yet elected to apply the amendments, is continuously evaluating the potential effect a discontinuation of LIBOR could have on the Funds’ investments and has currently determined that it is unlikely the ASU’s adoption will have a significant impact on the Funds’ financial statements and various filings.
New rule issuance: In December 2020, the SEC voted to adopt a new rule governing fund valuation practices. New Rule 2a-5 under the 1940 Act establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 will permit fund boards to designate certain parties to perform fair value determinations, subject to board oversight and certain other conditions. Rule 2a-5 also defines when market quotations are “readily available” for purposes of Section 2(a)(41) of the 1940 Act, which requires a fund to fair value a security when market quotations are not readily available. The SEC also adopted new Rule 31a-4 under the 1940 Act, which sets forth the recordkeeping requirements associated with fair value determinations. Finally, the SEC is rescinding previously issued guidance on related issues, including the role of a board in determining fair value and the accounting and auditing of fund investments. Rule 2a-5 and Rule 31a-4 became effective on
March 8, 2021, with a compliance date of September 8, 2022. A fund may voluntarily comply with the rules after the effective date, and in advance of the compliance date, under certain conditions. Management is currently assessing the impact of these provisions on the Funds’ financial statements.
Note 3—valuation of investments
The Funds’ investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy that is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
| • | Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities. |
| • | Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.). |
| • | Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments). |
A description of the valuation techniques applied to the Funds’ major classifications of assets and liabilities measured at fair value follows:
Debt securities: Prices of fixed-income securities are provided by an independent pricing service (“pricing service”) approved by the Board. The pricing service establishes a security’s fair value using methods that may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor’s credit characteristics considered relevant. In pricing certain securities, particularly less liquid and lower quality securities, the pricing service may consider information about a security, its issuer or market activity provided by Advisors. These securities are generally classified as Level 2.
Exchange-traded equity securities, common and preferred stock: Equity securities and exchange-traded funds 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. Foreign equity securities are valued at the last sale price or official closing price reported on
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 95 |
Notes to financial statements
the exchange where traded and converted to U.S. dollars at the prevailing rates of exchange on the date of valuation. To the extent these securities are actively traded and that valuation adjustments are not applied, they are categorized as Level 1. If there is no official close of business, then the latest available sale price is utilized. If no sales are reported, then the mean of the latest available bid and asked prices is utilized and the securities are generally classified as Level 2.
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. These foreign securities are generally classified as Level 2.
The Money Market Fund: The Money Market Fund’s portfolio securities are valued on an amortized cost basis. Money Market investments are generally classified as Level 2.
Investments in registered investment companies: Investments in investment companies are valued at their respective NAVs on the valuation date and are generally classified as Level 1.
Futures contracts: Futures contracts are valued using the closing settlement price and are generally classified as Level 1.
Forward foreign currency contracts: Forward foreign currency contracts are valued using the prevailing forward exchange rate
which is derived from quotes provided by the pricing service using the procedures approved by the Board and are classified as Level 2.
Swap contracts: Swap contracts are marked-to-market daily based upon a price supplied by a pricing service. Swaps are generally classified as Level 2.
Any portfolio security or derivative 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. As a general principle, the fair value of a security would appear to be the amount that the owner might reasonably expect to receive for it in a current sale. A variety of factors may be considered in determining the fair value of such securities, which may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor’s credit characteristics considered relevant. To the extent the inputs are observable and timely, the values would be classified as Level 2; otherwise they would be classified as Level 3.
As of September 30, 2021, 100% of the value of investments in the Money Market Fund was valued based on Level 2 inputs.
The following table summarizes the market value of the Funds’ investments as of September 30, 2021, based on the inputs used to value them:
| Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Bond Index | ||||||||||||||||
| Corporate bonds | $ | — | $ | 5,631,786,923 | $ | — | $ | 5,631,786,923 | ||||||||
| Government bonds | — | 14,938,296,842 | — | 14,938,296,842 | ||||||||||||
| Structured assets | — | 582,259,866 | — | 582,259,866 | ||||||||||||
| Short-term investments | 71,866,360 | 346,436,335 | — | 418,302,695 | ||||||||||||
| Total | $ | 71,866,360 | $ | 21,498,779,966 | $ | — | $ | 21,570,646,326 | ||||||||
| Core Bond | ||||||||||||||||
| Bank loan obligations | $ | — | $ | 204,629,366 | $ | — | $ | 204,629,366 | ||||||||
| Corporate bonds | — | 4,794,034,671 | 2,202,172 | 4,796,236,843 | ||||||||||||
| Government bonds | — | 3,907,555,171 | — | 3,907,555,171 | ||||||||||||
| Structured assets | — | 1,408,751,053 | 4,010,681 | 1,412,761,734 | ||||||||||||
| Common stocks | — | 572,131 | — | 572,131 | ||||||||||||
| Preferred stocks | 21,601,780 | – | — | 21,601,780 | ||||||||||||
| Short-term investments | 29,530,512 | 2,311,261,926 | — | 2,340,792,438 | ||||||||||||
| Forward foreign currency contracts** | — | 49,849 | — | 49,849 | ||||||||||||
| Credit default swap contracts** | — | 427,465 | — | 427,465 | ||||||||||||
| Total | $ | 51,132,292 | $ | 12,627,281,632 | $ | 6,212,853 | $ | 12,684,626,777 | ||||||||
| Core Impact Bond | ||||||||||||||||
| Bank loan obligations | $ | — | $ | 23,477,313 | $ | — | $ | 23,477,313 | ||||||||
| Corporate bonds | — | 3,128,914,359 | — | 3,128,914,359 | ||||||||||||
| Government bonds | — | 3,001,387,367 | 21,775,046 | 3,023,162,413 | ||||||||||||
| Structured assets | — | 665,035,245 | 19,110,793 | 684,146,038 | ||||||||||||
| Preferred stocks | 59,357,350 | — | — | 59,357,350 | ||||||||||||
| Short-term investments | 30,035 | 1,052,038,729 | — | 1,052,068,764 | ||||||||||||
| Forward foreign currency contracts** | — | 260,068 | — | 260,068 | ||||||||||||
| Total | $ | 59,387,385 | $ | 7,871,113,081 | $ | 40,885,839 | $ | 7,971,386,305 | ||||||||
| 96 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
continued
| Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Core Plus Bond | ||||||||||||||||
| Bank loan obligations | $ | — | $ | 169,281,911 | $ | — | $ | 169,281,911 | ||||||||
| Corporate bonds | — | 2,542,927,834 | 1,917,114 | 2,544,844,948 | ||||||||||||
| Government bonds | — | 1,901,492,891 | 2,032,752 | 1,903,525,643 | ||||||||||||
| Structured assets | — | 943,725,504 | 5,204,102 | 948,929,606 | ||||||||||||
| Common stocks | — | 664,943 | 15 | 664,958 | ||||||||||||
| Preferred stocks | 18,657,996 | — | — | 18,657,996 | ||||||||||||
| Short-term investments | 13,678,548 | 1,006,958,588 | — | 1,020,637,136 | ||||||||||||
| Forward foreign currency contracts** | — | 37,387 | — | 37,387 | ||||||||||||
| Credit default swap contracts** | — | 522,457 | — | 522,457 | ||||||||||||
| Total | $ | 32,336,544 | $ | 6,565,611,515 | $ | 9,153,983 | $ | 6,607,102,042 | ||||||||
| 5–15 Year Laddered Tax-Exempt Bond | ||||||||||||||||
| Long-term Municipal Bonds | — | 277,501,468 | 1,406,944 | 278,908,412 | ||||||||||||
| Total | $ | — | $ | 277,501,468 | $ | 1,406,944 | $ | 278,908,412 | ||||||||
| Green Bond | ||||||||||||||||
| Bank loan obligations | $ | — | $ | 986,887 | $ | — | $ | 986,887 | ||||||||
| Corporate bonds | — | 26,291,652 | — | 26,291,652 | ||||||||||||
| Government bonds | — | 15,218,005 | — | 15,218,005 | ||||||||||||
| Structured assets | — | 10,756,119 | 453,772 | 11,209,891 | ||||||||||||
| Preferred stocks | 1,420,500 | — | — | 1,420,500 | ||||||||||||
| Short-term investments | — | 110,000 | — | 110,000 | ||||||||||||
| Total | $ | 1,420,500 | $ | 53,362,663 | $ | 453,772 | $ | 55,236,935 | ||||||||
| High-Yield | ||||||||||||||||
| Bank loan obligations | $ | — | $ | 503,557,082 | $ | — | $ | 503,557,082 | ||||||||
| Corporate bonds | — | 2,985,849,580 | 1,374,557 | 2,987,224,137 | ||||||||||||
| Common stocks | — | — | 79 | 79 | ||||||||||||
| Preferred stocks | — | — | — | – | ||||||||||||
| Rights / Warrants | — | — | 12,643 | 12,643 | ||||||||||||
| Short-term investments | 28,424,688 | 228,509,576 | — | 256,934,264 | ||||||||||||
| Total | $ | 28,424,688 | $ | 3,717,916,238 | $ | 1,387,279 | $ | 3,747,728,205 | ||||||||
| Inflation-Linked Bond | ||||||||||||||||
| Government bonds | $ | — | $ | 3,712,535,282 | $ | — | $ | 3,712,535,282 | ||||||||
| Short-term investments | — | 21,981,929 | — | 21,981,929 | ||||||||||||
| Futures contracts** | 248,733 | — | — | 248,733 | ||||||||||||
| Total | $ | 248,733 | $ | 3,734,517,211 | $ | — | $ | 3,734,765,944 | ||||||||
| Short Duration Impact Bond | ||||||||||||||||
| Bank loan obligations | $ | — | $ | 986,887 | $ | — | $ | 986,887 | ||||||||
| Corporate bonds | — | 14,262,450 | — | 14,262,450 | ||||||||||||
| Government bonds | — | 12,046,478 | 236,621 | 12,283,099 | ||||||||||||
| Structured assets | — | 7,149,186 | — | 7,149,186 | ||||||||||||
| Short-term investments | — | 1,680,000 | — | 1,680,000 | ||||||||||||
| Total | $ | — | $ | 36,125,001 | $ | 236,621 | $ | 36,361,622 | ||||||||
| Short-Term Bond | ||||||||||||||||
| Bank loan obligations | $ | — | $ | 47,534,543 | $ | — | $ | 47,534,543 | ||||||||
| Corporate bonds | — | 722,010,694 | — | 722,010,694 | ||||||||||||
| Government bonds | — | 674,018,242 | — | 674,018,242 | ||||||||||||
| Structured assets | — | 546,610,161 | 753,462 | 547,363,623 | ||||||||||||
| Short-term investments | 8,026,626 | 94,596,607 | — | 102,623,233 | ||||||||||||
| Futures contracts** | 1,085,595 | — | — | 1,085,595 | ||||||||||||
| Total | $ | 9,112,221 | $ | 2,084,770,247 | $ | 753,462 | $ | 2,094,635,930 | ||||||||
| Short-Term Bond Index | ||||||||||||||||
| Corporate bonds | $ | — | $ | 295,073,122 | $ | — | $ | 295,073,122 | ||||||||
| Government bonds | — | 959,480,596 | — | 959,480,596 | ||||||||||||
| Short-term investments | 2,927,336 | 20,354,989 | — | 23,282,325 | ||||||||||||
| Total | $ | 2,927,336 | $ | 1,274,908,707 | $ | — | $ | 1,277,836,043 | ||||||||
| ** | Derivative instruments are not reflected in the market value of portfolio investments. |
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 97 |
Notes to financial statements
Note 4—investments
Mortgage dollar roll transactions: Some of the Funds may enter into mortgage dollar rolls in which a Fund sells mortgage securities for delivery in the current month, realizing a gain (loss), and simultaneously contracts to repurchase similar securities on a specified future date. During the roll period, a Fund forgoes principal and interest paid on the securities. The Fund is compensated by the interest earned on the cash proceeds of the initial sale and by the lower repurchase price at the future date. The difference between the sales proceeds and the repurchase price is recorded as a realized gain or loss.
Repurchase agreements: In connection with transactions in repurchase agreements, it is the Fund’s policy that its custodian take possession of the underlying collateral securities, the fair value of which exceeds the principal amount of the repurchase transaction, including accrued interest, at all times. If the counterparty defaults, and the fair value of the collateral declines, realization of the collateral may be delayed or limited.
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, as amended. The risk of investing in such securities is generally greater than the risk of investing in securities that are widely held and publicly traded.
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 and the liability to return the cash collateral received are reflected in the Statements of assets and liabilities. Non-cash collateral is not disclosed in the Funds’ Statements of assets and liabilities as it is held by the lending agent on behalf of the Funds, and the Funds do not have the ability to sell or re-hypothecate those securities.
As of September 30, 2021, securities lending transactions (with the exception of Core Bond Fund and Core Plus Bond Fund) are for fixed income securities, and the resulting loans are continuous, can be recalled at any time, and have no set maturity. For the Core Impact Bond Fund and the Core Plus Bond Fund all loans from securities lending activity are continuous, can be recalled at any time, and have no set maturity. As of September 30, 2021, the Core Bond Fund has $28,839,763 related to fixed income securities and $20,371 related to equity securities. The Core Plus Bond Fund has $13,252,498 related to fixed income securities and $111,323 related to equity securities. Securities lending income recognized by the Funds consists of earnings on invested collateral and lending fees, net of any rebates to the borrower and compensation to the Agent.
Such income is reflected separately in the Statements of operations. 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.
As of September 30, 2021, the total value of securities on loan and the total value of collateral received were as follows:
| Fund | Aggregate value of securities on loan | Cash collateral received* | Non-cash collateral received | Total collateral received | ||||||||||||
| Bond Index | $ | 71,973,574 | $ | 71,866,360 | $ | 1,800,121 | $ | 73,666,481 | ||||||||
| Core Bond | 28,860,133 | 29,530,512 | — | 29,530,512 | ||||||||||||
| Core Impact Bond | 5,032,341 | 30,035 | 5,122,321 | 5,152,356 | ||||||||||||
| Core Plus Bond | 13,363,822 | 13,678,548 | — | 13,678,548 | ||||||||||||
| High-Yield | 28,417,544 | 28,424,688 | 1,171,259 | 29,595,947 | ||||||||||||
| Short-Term Bond | 7,847,546 | 8,026,626 | — | 8,026,626 | ||||||||||||
| Short-Term Bond Index | 2,763,238 | 2,927,336 | — | 2,927,336 | ||||||||||||
| * | May include cash and investment of cash collateral |
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 have extended settlement periods; interest income is not accrued until settlement date. Any securities so purchased are subject to market fluctuation during this period. The Funds have segregated securities in their portfolios with a current value at least equal to the amount of the when-issued/delayed delivery purchase commitments.
Treasury inflation-protected securities: The Funds (other than the Money Market Fund) may invest in Treasury Inflation-Protected Securities, specially structured bonds in which the principal amount is adjusted periodically to keep pace with inflation, as measured by the U.S. Consumer Price Index. The adjustments for interest income due to inflation or deflation are reflected in interest income in the Statements of operations.
Unfunded commitments: Pursuant to the terms of certain loan agreements, the Funds may have unfunded loan commitments. Unfunded commitments are contractual obligations pursuant to which a Fund agrees to invest in a loan at a future date. Each Fund segregates short-term securities or cash having an aggregate value at least equal to the amount of the unfunded loan commitments. If a Fund has unfunded commitments at the end of the reporting period, such amounts are recognized on the Statements of assets and liabilities as “Payable for unfunded loan commitments.”
Zero coupon securities: A zero coupon security does not pay a regular interest coupon to its holders during the life of the security. Income to the holder of the security comes from accretion of the difference between the original purchase price of the security at issuance and the par value of the security at maturity and is effectively paid at maturity. The market prices of zero coupon securities generally are more volatile than the market prices of securities that pay interest periodically.
| 98 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
continued
Purchases and sales: Purchases and sales of securities (other than short-term instruments) for all of the Funds for the period ended September 30, 2021 were as follows:
| Fund | Non-U.S. government purchases | U.S. government purchases | Non-U.S. government sales | U.S. government sales | ||||||||||||
| Bond Index | $ | 1,083,168,075 | $ | 3,800,464,156 | $ | 713,318,226 | $ | 1,601,755,685 | ||||||||
| Core Bond | 3,224,982,464 | 12,567,194,675 | 1,620,950,186 | 12,175,200,604 | ||||||||||||
| Core Impact Bond | 1,331,463,892 | 7,885,081,640 | 662,875,192 | 7,710,920,769 | ||||||||||||
| Core Plus Bond | 1,657,558,488 | 6,483,972,300 | 1,444,530,958 | 6,462,501,585 | ||||||||||||
| 5–15 Year Laddered Tax-Exempt Bond | 20,776,966 | — | 13,916,121 | — | ||||||||||||
| Green Bond | 10,792,402 | 2,747,640 | 5,080,240 | 2,503,073 | ||||||||||||
| High-Yield | 1,419,682,744 | — | 1,552,075,534 | — | ||||||||||||
| Inflation-Linked Bond | — | 552,698,280 | 3,599,500 | 351,157,362 | ||||||||||||
| Short Duration Impact Bond | 8,312,487 | 8,077,122 | 4,713,871 | 7,811,028 | ||||||||||||
| Short-Term Bond | 388,841,254 | 1,019,959,005 | 286,115,047 | 1,096,874,783 | ||||||||||||
| Short-Term Bond Index | 123,600,614 | 347,199,909 | 79,890,237 | 192,742,638 | ||||||||||||
Note 5—derivative investments
Each of the Funds (other than the Money Market Fund) is authorized to invest in certain 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. The Funds record derivative instruments at fair value, with changes in fair value recognized on the Statements of operations, when applicable.
At September 30, 2021, the following Funds have invested in derivative contracts which are reflected in the Statements of assets and liabilities as follows:
| Asset derivatives | Liabilities derivatives | |||||||||||||
| Derivative contract | Location | Fair value amount | Location | Fair value amount | ||||||||||
| Core Bond Fund | ||||||||||||||
| Foreign-exchange contracts | Forward foreign currency contracts | $ | 49,849 | — | — | |||||||||
| Credit contracts | Credit default swap contracts* | 427,465 | — | — | ||||||||||
| Core Impact Bond Fund | ||||||||||||||
| Foreign-exchange contracts | Forward foreign currency contracts | 260,068 | — | — | ||||||||||
| Core Plus Bond Fund | ||||||||||||||
| Foreign-exchange contracts | Forward foreign currency contracts | 37,387 | — | — | ||||||||||
| Credit contracts | Credit default swap contracts* | 522,457 | — | — | ||||||||||
| Inflation Linked Bond Fund | ||||||||||||||
| Interest-rate contracts | Futures contracts* | 248,733 | — | — | ||||||||||
| Short-Term Bond Fund | ||||||||||||||
| Interest-rate contracts | Futures contracts* | 1,085,596 | — | — | ||||||||||
| * | The fair value presented includes cumulative gain (loss) on open futures contracts and centrally cleared swap contracts; however, the value reflected on the accompanying Statements of assets and liabilities is only the receivable or payable for variation margin on open futures and swap contracts. |
For the period ended September 30, 2021, the effect of derivative contracts on the Funds’ Statements of operations was as follows:
| Derivative contracts | Location | Realized gain (loss | ) | Change in unrealized appreciation (depreciation | ) | |||||
| Core Bond Fund | ||||||||||
| Foreign-exchange contracts | Forward foreign currency contracts | $ 71,641 | $ (44,428 | ) | ||||||
| Credit contracts | Swap contracts | (1,081,048 | ) | 617,034 | ||||||
| Core Impact Bond Fund | ||||||||||
| Foreign-exchange contracts | Forward foreign currency contracts | 387,020 | (245,966 | ) | ||||||
| Core Plus Bond Fund | ||||||||||
| Foreign-exchange contracts | Forward foreign currency contracts | 43,820 | (33,320 | ) | ||||||
| Credit contracts | Swap contracts | (4,622,562 | ) | 1,401,553 | ||||||
| Inflation-Linked Bond Fund | ||||||||||
| Interest-rate contracts | Futures contracts | (557,044 | ) | (102,339 | ) | |||||
| Short-Term Bond Fund | ||||||||||
| Interest-rate contracts | Futures contracts | (644,782 | ) | (720,915 | ) | |||||
Futures contracts: Certain Funds are subject to interest rate and foreign exchange risk in the normal course of pursuing their investment objectives. The Funds use futures contracts to manage exposure to the bond and foreign exchange markets and to fluctuations in interest and foreign exchange rates. Buying futures contracts tends to increase exposure to the underlying instrument/index, while selling futures contracts tends to decrease exposure to the underlying instrument/index or hedge other investments. Initial margin deposits are made upon entering into a futures contract, and variation margin receipts or payments are settled daily reflecting changes in the value of the futures contracts. Daily changes in the value of such contracts are reflected in net unrealized gains and losses. Gains or losses are realized upon the expiration or closing of the futures contracts or if the counterparties do not perform in accordance with contractual provisions. With futures contracts, there is minimal counterparty credit risk to the Funds since futures contracts are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange- traded funds, guarantees the futures contracts against default. During the period ended September 30, 2021, the Inflation-Linked Bond Fund and the Short-Term Bond Fund had exposure to futures contracts, based on underlying notional values, generally between 0% and 5% of net assets. The futures contracts outstanding as of September 30, 2021 are disclosed in the Summary portfolio of investments and the full 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
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 99 |
Notes to financial statements
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 in the Statements of assets and liabilities. The Funds realize gains and losses at the time the forward is closed. Realized and unrealized gains and losses are included in the Statements of operations. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts; from unanticipated movements in the value of a foreign currency relative to the U.S. dollar; and that losses may exceed amounts recognized on the Statements of assets and liabilities. During the period ended September 30, 2021, the Core Bond Fund, Core Impact Bond Fund and Core Plus Bond Fund had exposure to forwards contracts, based on underlying notional values, generally between 0% and 1% of net assets. The forward contracts outstanding as of September 30, 2021 are disclosed in the Summary portfolio of investments and the full Schedules of Investments.
Credit default swap contracts: Certain Funds are subject to credit risk in the normal course of pursuing their investment objectives. Credit default swaps can be settled either directly with the counterparty (bilateral) or through a central clearinghouse (centrally cleared). A credit default swap is a contract between a buyer and a seller of protection against predefined credit events for the reference entity. As a seller in a credit default swap contract, the Funds are required to pay an agreed upon amount to the counterparty with the occurrence of a specified credit event, such as certain bankruptcies related to an underlying credit instrument, index, or issuer which would likely result in a loss to the Funds. The agreed upon amount approximates the notional value of the swap and is estimated to be the maximum potential future payment that the Funds could be required to make under the contract. In return, the Funds receive from the counterparty a periodic stream of payments over the term of the contract provided that no credit event has occurred. If no credit event occurs, the Funds keep the stream of payments with no payment obligations. When the Funds sell a credit default swap contract it will cover its commitment. This may be achieved by, among other methods, maintaining cash or liquid assets in a segregated account equal to the aggregate notional value of the reference entities for all outstanding credit default swap contracts sold by the Funds.
Certain Funds may also buy credit default swap contracts, in which case the Funds function as the counterparty referenced above. This involves the risk that the contract may expire worthless. Bilateral swaps involve counterparty risk that the seller may fail to satisfy its payment obligations to the Funds with the occurrence of a credit event. Centrally cleared swaps have minimal counterparty credit risk to the Funds as they are entered into with a central clearinghouse which guarantees the swap against default.
The value of a bilateral swap included in net assets is the unrealized gain or loss of the contract plus or minus any unamortized premiums paid or received, respectively. Appreciated swaps and premiums paid are reflected as assets, while depreciated swaps and premiums received are reflected
as liabilities on the Statements of assets and liabilities. Centrally cleared swaps initial margin deposits are made, and variation margin payments are made or received reflecting daily changes in the value of the swap contract. The daily fluctuation in fair value is accounted for as a variation margin receivable or payable on the Statements of assets and liabilities.
Under the terms of the credit default swap contracts, the Funds receive or make quarterly payments based on a payment rate on a fixed notional amount. These payments are recorded as a realized gain or loss in the Statements of operations. Payments received or made as a result of a credit event or termination of the contract are recognized as realized gains or losses. Daily changes in the value of such contracts are reflected in net unrealized gains and losses.
The Funds (other than the Money Market Fund) invest in credit default swaps to hedge or manage the risks associated with assets held in the Funds and/or to facilitate the implementation of portfolio strategies to seek to increase the total return. During the period ended September 30, 2021, the Core Bond Fund and the Core Plus Bond Fund had exposure to credit default swap contracts, based on underlying notional values, generally between 0% and 1% of net assets. The credit default swap contracts outstanding as of September 30, 2021 are disclosed in the Summary portfolio of investments and the full Schedule of investments.
Note 6—Income tax and other tax matters
Income taxes: Each Fund is treated separately for income tax purposes. The Funds intend to continue to qualify as regulated investment companies under Subchapter M of the Internal Revenue Code (“Code”) and will not be subject to income taxes to the extent that they distribute all taxable income each year and comply with various other Code requirements. The Funds file income tax returns in U.S. federal and applicable state and local jurisdictions. A fund’s federal income tax returns are generally subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to examination for an additional period of time depending on the jurisdiction. Management has analyzed the Funds’ tax positions taken for all open federal income tax years and has concluded that no provision for federal income tax is required in the Funds’ financial statements.
The timing and character of income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. GAAP. Reclassifications are made to a Fund’s capital accounts for permanent tax differences to reflect income and gains available for distribution (or available capital loss carryforwards) under income tax regulations.
Foreign taxes: The Funds may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Funds will accrue such taxes and recoveries as applicable, based upon the current interpretation of tax rules and regulations that exist in the markets in which the Funds invest.
| 100 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
continued
Net unrealized appreciation (depreciation): At September 30, 2021, 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 | ) | ||||||||||
| Bond Index | $ | 20,919,985,408 | $ | 824,889,210 | $ | (174,228,292 | ) | $ | 650,660,918 | |||||||
| Core Bond | 12,508,231,739 | 254,989,372 | (78,594,334 | ) | 176,395,038 | |||||||||||
| Core Impact Bond | 7,896,017,972 | 151,608,601 | (76,240,268 | ) | 75,368,333 | |||||||||||
| Core Plus Bond | 6,507,537,518 | 162,692,816 | (63,128,292 | ) | 99,564,524 | |||||||||||
| 5–15 Year Laddered Tax-Exempt Bond | 265,769,751 | 17,434,366 | (4,295,705 | ) | 13,138,661 | |||||||||||
| Green Bond | 53,803,441 | 1,751,920 | (318,426 | ) | 1,433,494 | |||||||||||
| High-Yield | 3,653,044,895 | 124,142,314 | (29,459,004 | ) | 94,683,310 | |||||||||||
| Inflation-Linked Bond | 3,484,328,846 | 253,120,354 | (2,683,256 | ) | 250,437,098 | |||||||||||
| Short Duration Impact Bond | 35,909,101 | 500,678 | (48,157 | ) | 452,521 | |||||||||||
| Short-Term Bond | 2,081,941,574 | 19,757,517 | (7,063,160 | ) | 12,694,357 | |||||||||||
| Short-Term Bond Index | 1,275,910,428 | 3,613,068 | (1,687,453 | ) | 1,925,615 | |||||||||||
For purposes of this disclosure, tax cost generally includes the cost of portfolio investments as well as up-front 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.
Distributions to shareholders: The tax character of distributions paid to shareholders during the year ended March 31, 2021 was as follows:
| Fund | Ordinary income | Long-term capital gains | Total | |||||||||
| Bond Index | $ | 419,556,131 | $ | 100,895,056 | $ | 520,451,187 | ||||||
| Core Bond | 233,661,988 | 89,759,845 | 323,421,833 | |||||||||
| Core Impact Bond | 178,604,823 | 74,943,246 | 253,548,069 | |||||||||
| Core Plus Bond | 155,318,760 | 27,847,508 | 183,166,268 | |||||||||
| 5–15 Year Laddered Tax-Exempt Bond* | 5,473,935 | 836,536 | 6,310,471 | |||||||||
| Green Bond | 1,185,576 | 561,798 | 1,747,374 | |||||||||
| High-Yield | 194,600,276 | — | 194,600,276 | |||||||||
| Inflation-Linked Bond | 49,129,669 | — | 49,129,669 | |||||||||
| Short Duration Impact Bond | 821,666 | 45,126 | 866,792 | |||||||||
| Short-Term Bond | 36,171,093 | — | 36,171,093 | |||||||||
| Short-Term Bond Index | 11,299,288 | 2,198,903 | 13,498,191 | |||||||||
| Money Market | 1,478,097 | — | 1,478,097 | |||||||||
| * | Includes ordinary income which will not be taxable for federal income tax purposes in 2021 of $5,363,478. |
The tax character of the fiscal year 2022 distributions will be determined at the end of the fiscal year.
In certain circumstances, a fund may accept portfolio securities rather than cash as payment for a purchase of fund shares (in-kind purchase). During the period ended September 30, 2021 the Core Bond Fund received $745,850,572 of securities from in-kind purchase transactions. The High-Yield Fund received $99,710,817 of securities from in-kind purchase transactions. The Inflation-Linked Bond Fund received $244,032,469 of securities from in-kind purchase transactions.
Note 7—investment adviser and other transactions with affiliates
Under the terms of the Investment Management Agreement with respect to each Fund, Advisors provides asset management services to the Fund for an annual fee, payable monthly. The Funds have entered into an Administrative Service Agreement with Advisors under which the Funds pay Advisors for its costs in providing certain administrative and compliance services to the Funds.
Under the terms of a Retirement Class Service Agreement with respect to each Fund, the Retirement Class of the Fund incurs an annual fee, payable monthly to Advisors, for certain administrative costs associated with the maintenance of Retirement Class shares on retirement plan or other platforms. Substantially all of the Retirement Class shareholder servicing fees reported on the Statements of operations are paid to Advisors under the Service Agreement.
Under the terms of a distribution Rule 12b-1 plan, the Retail Class of each Fund compensates Nuveen Securities for providing distribution, promotional, and/or shareholder services to the Retail Class of the Fund at the annual rate of 0.25% of the average daily net assets attributable to the Fund’s Retail Class. The Premier Class of each Fund is subject to a distribution Rule 12b-1 plan that compensates Nuveen Securities for providing distribution, promotional and/or shareholder services to the Premier Class of the Fund at the annual rate of 0.15% of the average daily net assets attributable to the Fund’s Premier Class.
Advisors has contractually agreed to waive and/or reimburse Class W’s shares’ Management fees and Other expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, acquired fund fees and expenses, trustee expenses and extraordinary expenses) in their entirety. Advisors expects this waiver and/or reimbursement to remain in effect indefinitely, unless changed or terminated with approval of the Board of Trustees. The Management fees and Other expenses of Class W shares that have been waived by Advisors may be incurred directly or indirectly, all or in part, by investors in Class W shares.
Advisors has agreed to reimburse each Fund if its total expense ratio (excluding interest, taxes, brokerage commissions or other transactional expenses, acquired fund fees and expenses and extraordinary expenses) exceeds certain percentages. As of September 30, 2021, the investment management fee, service agreement fee, distribution fee and maximum expense amounts (after waivers and reimbursements) are equal to the following noted annual percentage of average daily net assets for each class:
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 101 |
Notes to financial statements
| Investment management fee range | Investment management fee—effective rate | Service agreement fee | Distribution fee | Maximum expense amounts‡ | ||||||||||||||||||||||||||||||||||||||||
| Fund | Retirement Class | Premier Class | Retail Class | Institutional Class | Advisor Class | Premier Class | Retirement Class | Retail Class | Class W§ | |||||||||||||||||||||||||||||||||||
| Bond Index | 0.07 | %f | 0.07 | % | 0.25 | % | 0.15 | % | 0.25 | % | 0.10 | %h | 0.25 | %h | 0.25 | %h | 0.35 | %h | 0.45 | %h | 0.10 | %h | ||||||||||||||||||||||
| Core Bond* | 0.25–0.30 | 0.27 | 0.25 | 0.15 | 0.25 | 0.35 | 0.50 | 0.50 | 0.60 | 0.70 | 0.35 | |||||||||||||||||||||||||||||||||
| Core Impact Bond* | 0.30–0.35 | 0.33 | 0.25 | 0.15 | 0.25 | 0.40 | 0.55 | 0.55 | 0.65 | 0.75 | — | |||||||||||||||||||||||||||||||||
| Core Plus Bond* | 0.25–0.30 | 0.28 | 0.25 | 0.15 | 0.25 | 0.35 | 0.50 | 0.50 | 0.60 | 0.70 | 0.35 | |||||||||||||||||||||||||||||||||
| 5–15 Year Laddered Tax-Exempt Bond* | 0.20-0.25 | 0.25 | — | — | 0.25 | 0.30 | 0.45 | — | — | 0.65 | — | |||||||||||||||||||||||||||||||||
| Green Bond* | 0.35–0.40 | 0.40 | 0.25 | 0.15 | 0.25 | 0.45 | 0.60 | 0.60 | a | 0.70 | a | 0.80 | a | — | ||||||||||||||||||||||||||||||
| High-Yield* | 0.30–0.35 | 0.34 | 0.25 | 0.15 | 0.25 | 0.40 | b | 0.55 | b | 0.55 | b | 0.65 | b | 0.75 | b | 0.40 | b | |||||||||||||||||||||||||||
| Inflation-Linked Bond* | 0.20-0.25 | 0.24 | 0.25 | 0.15 | 0.25 | 0.30 | c | 0.45 | c | 0.45 | c | 0.55 | c | 0.65 | c | 0.30 | c | |||||||||||||||||||||||||||
| Short Duration Impact | ||||||||||||||||||||||||||||||||||||||||||||
| Bond* | 0.25–0.30 | 0.30 | 0.25 | 0.15 | 0.25 | 0.35 | d | 0.50 | 0.50 | 0.60 | d | 0.70 | d | — | ||||||||||||||||||||||||||||||
| Short-Term Bond* | 0.20–0.25 | 0.24 | 0.25 | 0.15 | 0.25 | 0.30 | 0.45 | 0.45 | 0.55 | 0.65 | 0.30 | |||||||||||||||||||||||||||||||||
| Short-Term Bond Index | 0.06 | g | 0.06 | 0.25 | 0.15 | 0.25 | 0.11 | i | 0.26 | i | 0.26 | i | 0.36 | i | 0.46 | i | 0.11 | i | ||||||||||||||||||||||||||
| Money Market | 0.10 | 0.10 | 0.25 | 0.15 | 0.25 | 0.15 | 0.30 | 0.30 | e | 0.40 | e | 0.50 | e | 0.15 | ||||||||||||||||||||||||||||||
| * | These Funds are subject to a breakpoint schedule on their investment management fees, which reduces these fees as the Fund’s net assets increase. |
| ‡ | Maximum expense amounts reflect all expenses excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired fund fees and expenses and extraordinary expenses. The expense reimbursement arrangements will continue through at least July 31, 2022. The reimbursement arrangements can only be changed with the approval of the Board of Trustees. |
| § | Advisors has contractually agreed to waive and/or reimburse Class W’s Management fees and Other expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired fund fees and expenses, Trustee expenses and extraordinary expenses) in their entirety. Advisors expects this waiver and/or reimbursement to remain in effect indefinitely, unless changed or terminated with approval of the Board of Trustees. |
| a | Effective May 1, 2021, Advisors agreed to voluntarily waive a portion of the expense cap for the Green Bond Fund Premier, Retirement and Retial Classes. The expense caps are 0.585% for the Premier Class, 0.585% for the Retirement Class and 0.725% for the Retail Class. This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. |
| b | Effective May 1, 2021, Advisors agreed to voluntarily waive a portion of the expense cap for the High-Yield Fund Institutional, Advisor, Premier, Retirement, Retail and Class W Classes. The expense caps are 0.385% for the Institutional Class, 0.535% for the Advisor Class, 0.535% for the Premier Class, 0.635% for the Retirement Class, 0.735% for the Retail Class and 0.385% for the Class W Class. This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. |
| c | Effective May 1, 2021, Advisors agreed to voluntarily waive a portion of the expense cap for the Inflation-Linked Bond Fund Institutional, Advisor, Premier, Retirement, Retail and Class W Classes. The expense caps are 0.280% for the Institutional Class, 0.430% for the Advisor Class, 0.430% for the Premier Class, 0.530% for the Retirement Class, 0.630% for the Retail Class and 0.280% for the Class W Class. This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. |
| d | Effective May 1, 2021, Advisors agreed to voluntarily waive a portion of the expense cap for the Short Duration Impact Bond Fund Institutional, Retirement and Retail Classes. The expense caps are 0.345% for the Institutional Class, 0.570% for the Retirement Class, and 0.605% for the Retail Class. This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. |
| e | Effective May 1, 2021, Advisors agreed to voluntarily waive a portion of the expense cap for the Money Market Fund Premier, Retirement and Retail Classes. The expense caps are 0.240% for the Premier, 0.240% for the Retirement Class, and 0.395% for the Retail Class. This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. |
| f | Prior to August 1, 2021 the Investment management fee range was 0.10%. |
| g | Prior to August 1, 2021 the Investment management fee range was 0.07%. |
| h | Prior to August 1, 2021, Advisors agreed to voluntarily waive a portion of the expense cap for the Bond Index Fund Institutional, Advisor, Premier, Retirement, Retail and Class W Classes. The expense caps were 0.130% for the Institutional Class, 0.280% for the Advisor Class, 0.280% for the Premier Class, 0.380% for the Retirement Class, 0.480% for the Retail Class and 0.130% for the Class W Class. This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. |
| i | Prior to August 1, 2021, Advisors agreed to voluntarily waive a portion of the expense cap for the Bond Index Fund Institutional, Advisor, Premier, Retirement, Retail and Class W Classes. The expense caps were 0.120% for the Institutional Class, 0.270% for the Advisor Class, 0.270% for the Premier Class, 0.370% for the Retirement Class, 0.470% for the Retail Class and 0.120% for the Class W Class. This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. |
| 102 | 2021 Semiannual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
concluded
The Funds may purchase or sell investment securities in transactions with affiliated entities under procedures adopted by the Board, pursuant to the 1940 Act. These transactions are effected at market rates without incurring broker commissions. For the period ended September 30, 2021, the Funds did not engage in security transactions with affiliated entities.
As of September 30, 2021, a registered separate account of TIAA (collectively, “TIAA Access”) has various sub accounts that invest in the Funds, and certain funds within the Trust also make investments in the Funds. The following is the percentage of the Funds’ shares owned by TIAA and other funds within the Trust as of September 30, 2021:
| Underlying Fund | TIAA | TIAA-CREF Lifecycle Funds | TIAA-CREF Lifecycle Index Funds | TIAA-CREF Lifestyle Funds | TIAA-CREF Managed Allocation Fund | TIAA Access | Total | |||||||||||||||||||||
| Bond Index | — | % | — | % | 47 | % | — | % | — | % | 1 | % | 48 | % | ||||||||||||||
| Core Bond | — | 49 | — | 1 | — | — | 50 | |||||||||||||||||||||
| Core Plus Bond | — | 56 | — | 8 | 7 | 2 | 73 | |||||||||||||||||||||
| Green Bond | 49 | — | — | — | — | — | 49 | |||||||||||||||||||||
| High-Yield | — | 13 | — | — | — | 5 | 18 | |||||||||||||||||||||
| Inflation-Linked Bond | — | 27 | 24 | — | — | — | 51 | |||||||||||||||||||||
| Short Duration Impact Bond | 70 | — | — | — | — | — | 70 | |||||||||||||||||||||
| Short-Term Bond | — | 50 | — | 6 | — | 3 | 59 | |||||||||||||||||||||
| Short-Term Bond Index | — | — | 71 | — | — | — | 71 | |||||||||||||||||||||
| Money Market | — | — | — | — | — | 3 | 3 | |||||||||||||||||||||
TIAA-CREF Tuition Financing, Inc. (“TFI”), a wholly owned direct subsidiary of TIAA, is a registered investment adviser that provides program management services to multiple qualified tuition programs formed under Section 529 of the Internal Revenue Code (“529 Plans”). These 529 Plans, each of which operates independently, invest a portion of their assets in the Funds. As of September 30, 2021, one 529 Plan owned 7% of the Bond Index Fund; one 529 Plan owned 6% of the High-Yield Fund; three 529 Plans owned 6%, 7% and 11%, respectively, of the Inflation-Linked Bond Fund; and two 529 Plans owned 5% and 8%, respectively, of the Money Market Fund.
Note 8—inter-fund lending program
Pursuant to an exemptive order issued by the SEC, the Funds may participate in an inter-fund lending program. This program allows the Funds to lend cash to and/or borrow cash from certain other affiliated Funds for temporary purposes, (e.g., to satisfy redemption requests or to cover unanticipated cash shortfalls). The program is subject to a number of conditions, including the requirement that no Fund may borrow or lend money under the program unless it receives a more favorable interest rate than is available from a bank or other financial institution for a comparable transaction. In addition, a Fund may participate in the program only if its participation is consistent with the Fund’s investment policies and limitations and authorized by its portfolio manager(s). During the period ended September 30, 2021, there were no inter-fund borrowing or lending transactions.
Note 9—line of credit
Each of the Funds, except the Money Market Fund, participates in a $1 billion unsecured revolving credit facility that can be used for temporary purposes, including, without limitation, the funding of shareholder redemptions. The current facility was entered into on June 15, 2021 expiring on June 14, 2022, replacing the previous facility, which expired June 2021. Certain affiliated accounts and mutual funds, each of which is managed by Advisors, or an affiliate of Advisors, also participate in this facility. An annual commitment fee for the credit facility is borne by the participating accounts and mutual funds on a pro rata basis. Interest associated with any borrowing under the facility is charged to the borrowing accounts or mutual funds at a specified rate of interest. The Funds are not liable for borrowings under the facility by other affiliated accounts or mutual funds. For the period ended September 30, 2021, there were no borrowings under this credit facility by the Funds.
| TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Semiannual Report | 103 |
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Websites
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800-842-2755
8 a.m. to 10 p.m. (ET), Monday–Friday
You should carefully consider the investment objectives, risks, charges and expenses of any fund before investing. For a prospectus that contains this and other information, please visit TIAA.org, or call 800-842-2252 for the Institutional, Advisor, Premier and Retirement classes or 800-223-1200 for the Retail Class. Please read the prospectus carefully before investing. Investment, insurance and annuity products are not Federal Deposit Insurance Corporation (FDIC) insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. Nuveen, a subsidiary of TIAA, provides investment advice and portfolio management services through a dozen affiliated registered
investment advisers. Nuveen Securities, LLC and TIAA-CREF Individual & Institutional Services, LLC, members FINRA, distribute securities products.
This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.
©2021 Teachers Insurance and Annuity Association of America—College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017-3206
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Item 2. Code of Conduct.
Not Applicable.
Item 3. Audit Committee Financial Expert.
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Item 4. Principal Accountant Fees and Services.
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Item 5. Audit Committee of Listed Registrants.
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Item 6. Schedule of Investments.
TIAA-CREF FUNDS – Bond Index Fund
TIAA-CREF FUNDS
BOND INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
September 30, 2021
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| BONDS - 99.5% | |||||||||||||||||
| CORPORATE BONDS - 26.5% | |||||||||||||||||
| AUTOMOBILES & COMPONENTS - 0.1% | |||||||||||||||||
| $ | 250,000 | Aptiv plc | 4.250 | % | 01/15/26 | $ | 278,488 | ||||||||||
| 100,000 | Aptiv plc | 4.350 | 03/15/29 | 114,772 | |||||||||||||
| 100,000 | Aptiv plc | 4.400 | 10/01/46 | 118,871 | |||||||||||||
| 575,000 | Aptiv plc | 5.400 | 03/15/49 | 783,214 | |||||||||||||
| 200,000 | e | BorgWarner, Inc | 3.375 | 03/15/25 | 214,249 | ||||||||||||
| 1,650,000 | BorgWarner, Inc | 2.650 | 07/01/27 | 1,739,034 | |||||||||||||
| 200,000 | BorgWarner, Inc | 4.375 | 03/15/45 | 234,032 | |||||||||||||
| 600,000 | Delphi Corp | 4.150 | 03/15/24 | 644,398 | |||||||||||||
| 125,000 | General Motors Co | 4.875 | 10/02/23 | 135,107 | |||||||||||||
| 500,000 | General Motors Co | 5.400 | 10/02/23 | 545,279 | |||||||||||||
| 500,000 | General Motors Co | 6.125 | 10/01/25 | 585,846 | |||||||||||||
| 500,000 | General Motors Co | 4.200 | 10/01/27 | 555,791 | |||||||||||||
| 500,000 | General Motors Co | 6.800 | 10/01/27 | 624,461 | |||||||||||||
| 700,000 | General Motors Co | 5.000 | 10/01/28 | 810,293 | |||||||||||||
| 900,000 | General Motors Co | 6.600 | 04/01/36 | 1,208,124 | |||||||||||||
| 700,000 | General Motors Co | 5.150 | 04/01/38 | 835,143 | |||||||||||||
| 150,000 | General Motors Co | 6.250 | 10/02/43 | 202,042 | |||||||||||||
| 175,000 | General Motors Co | 5.200 | 04/01/45 | 213,105 | |||||||||||||
| 350,000 | General Motors Co | 6.750 | 04/01/46 | 499,097 | |||||||||||||
| 500,000 | General Motors Co | 5.400 | 04/01/48 | 619,978 | |||||||||||||
| 900,000 | General Motors Co | 5.950 | 04/01/49 | 1,186,127 | |||||||||||||
| 175,000 | Harley-Davidson, Inc | 3.500 | 07/28/25 | 186,735 | |||||||||||||
| 200,000 | Harley-Davidson, Inc | 4.625 | 07/28/45 | 214,050 | |||||||||||||
| 800,000 | Lear Corp | 3.800 | 09/15/27 | 884,560 | |||||||||||||
| 400,000 | Lear Corp | 4.250 | 05/15/29 | 447,473 | |||||||||||||
| 500,000 | Lear Corp | 3.500 | 05/30/30 | 536,546 | |||||||||||||
| 550,000 | e | Lear Corp | 5.250 | 05/15/49 | 683,102 | ||||||||||||
| 300,000 | Magna International, Inc | 3.625 | 06/15/24 | 321,878 | |||||||||||||
| 600,000 | Magna International, Inc | 4.150 | 10/01/25 | 665,191 | |||||||||||||
| 175,000 | Magna International, Inc | 2.450 | 06/15/30 | 177,720 | |||||||||||||
| 1,000,000 | Toyota Motor Corp | 0.681 | 03/25/24 | 1,001,242 | |||||||||||||
| 750,000 | Toyota Motor Corp | 2.358 | 07/02/24 | 785,122 | |||||||||||||
| 1,000,000 | Toyota Motor Corp | 1.339 | 03/25/26 | 1,006,458 | |||||||||||||
| 300,000 | Toyota Motor Corp | 3.669 | 07/20/28 | 336,534 | |||||||||||||
| 1,000,000 | e | Toyota Motor Corp | 2.362 | 03/25/31 | 1,034,032 | ||||||||||||
| TOTAL AUTOMOBILES & COMPONENTS | 20,428,094 | ||||||||||||||||
| BANKS - 4.2% | |||||||||||||||||
| 1,220,000 | h | Asian Development Bank | 0.625 | 10/08/24 | 1,219,395 | ||||||||||||
| 550,000 | Australia & New Zealand Banking Group Ltd | 2.625 | 11/09/22 | 564,301 | |||||||||||||
| 1,000,000 | Australia & New Zealand Banking Group Ltd | 2.050 | 11/21/22 | 1,021,076 | |||||||||||||
| 525,000 | Australia & New Zealand Banking Group Ltd | 3.700 | 11/16/25 | 580,602 | |||||||||||||
| 1 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | Banco Bilbao Vizcaya Argentaria S.A. | 0.875 | % | 09/18/23 | $ | 1,006,060 | ||||||||||
| 1,000,000 | Banco Bilbao Vizcaya Argentaria S.A. | 1.125 | 09/18/25 | 989,553 | |||||||||||||
| 800,000 | Banco Santander S.A. | 3.125 | 02/23/23 | 828,486 | |||||||||||||
| 1,200,000 | Banco Santander S.A. | 3.848 | 04/12/23 | 1,260,165 | |||||||||||||
| 800,000 | Banco Santander S.A. | 2.706 | 06/27/24 | 841,429 | |||||||||||||
| 600,000 | Banco Santander S.A. | 2.746 | 05/28/25 | 629,381 | |||||||||||||
| 400,000 | Banco Santander S.A. | 5.179 | 11/19/25 | 454,402 | |||||||||||||
| 1,600,000 | Banco Santander S.A. | 1.849 | 03/25/26 | 1,620,583 | |||||||||||||
| 600,000 | Banco Santander S.A. | 4.250 | 04/11/27 | 674,247 | |||||||||||||
| 1,200,000 | Banco Santander S.A. | 1.722 | 09/14/27 | 1,194,423 | |||||||||||||
| 675,000 | Banco Santander S.A. | 3.800 | 02/23/28 | 739,834 | |||||||||||||
| 1,800,000 | Banco Santander S.A. | 4.379 | 04/12/28 | 2,044,107 | |||||||||||||
| 600,000 | Banco Santander S.A. | 3.306 | 06/27/29 | 648,825 | |||||||||||||
| 400,000 | Banco Santander S.A. | 3.490 | 05/28/30 | 430,357 | |||||||||||||
| 2,000,000 | Banco Santander S.A. | 2.749 | 12/03/30 | 1,990,090 | |||||||||||||
| 1,000,000 | Banco Santander S.A. | 2.958 | 03/25/31 | 1,028,780 | |||||||||||||
| 1,200,000 | Bank of America Corp | 2.816 | 07/21/23 | 1,222,813 | |||||||||||||
| 3,500,000 | Bank of America Corp | 4.125 | 01/22/24 | 3,783,444 | |||||||||||||
| 1,475,000 | Bank of America Corp | 4.200 | 08/26/24 | 1,613,403 | |||||||||||||
| 2,500,000 | Bank of America Corp | 0.810 | 10/24/24 | 2,508,659 | |||||||||||||
| 10,300,000 | Bank of America Corp | 3.458 | 03/15/25 | 10,958,273 | |||||||||||||
| 3,550,000 | Bank of America Corp | 3.950 | 04/21/25 | 3,868,656 | |||||||||||||
| 3,000,000 | Bank of America Corp | 0.981 | 09/25/25 | 3,004,140 | |||||||||||||
| 3,000,000 | Bank of America Corp | 3.093 | 10/01/25 | 3,188,910 | |||||||||||||
| 725,000 | Bank of America Corp | 2.456 | 10/22/25 | 757,284 | |||||||||||||
| 4,000,000 | Bank of America Corp | 3.366 | 01/23/26 | 4,273,711 | |||||||||||||
| 3,000,000 | Bank of America Corp | 2.015 | 02/13/26 | 3,077,919 | |||||||||||||
| 5,000,000 | Bank of America Corp | 1.319 | 06/19/26 | 4,998,779 | |||||||||||||
| 4,500,000 | Bank of America Corp | 1.197 | 10/24/26 | 4,466,186 | |||||||||||||
| 5,000,000 | Bank of America Corp | 1.658 | 03/11/27 | 5,028,700 | |||||||||||||
| 7,800,000 | Bank of America Corp | 3.559 | 04/23/27 | 8,488,191 | |||||||||||||
| 9,000,000 | Bank of America Corp | 1.734 | 07/22/27 | 9,037,033 | |||||||||||||
| 2,000,000 | Bank of America Corp | 3.593 | 07/21/28 | 2,192,591 | |||||||||||||
| 5,690,000 | Bank of America Corp | 3.419 | 12/20/28 | 6,167,036 | |||||||||||||
| 1,250,000 | Bank of America Corp | 3.970 | 03/05/29 | 1,390,202 | |||||||||||||
| 3,000,000 | Bank of America Corp | 2.087 | 06/14/29 | 2,995,185 | |||||||||||||
| 1,400,000 | Bank of America Corp | 4.271 | 07/23/29 | 1,587,547 | |||||||||||||
| 3,075,000 | Bank of America Corp | 3.974 | 02/07/30 | 3,442,535 | |||||||||||||
| 1,675,000 | Bank of America Corp | 3.194 | 07/23/30 | 1,782,280 | |||||||||||||
| 1,050,000 | Bank of America Corp | 2.884 | 10/22/30 | 1,096,179 | |||||||||||||
| 4,000,000 | Bank of America Corp | 2.496 | 02/13/31 | 4,047,960 | |||||||||||||
| 1,750,000 | Bank of America Corp | 2.592 | 04/29/31 | 1,786,099 | |||||||||||||
| 3,000,000 | Bank of America Corp | 1.898 | 07/23/31 | 2,892,830 | |||||||||||||
| 3,000,000 | Bank of America Corp | 1.922 | 10/24/31 | 2,885,911 | |||||||||||||
| 3,000,000 | Bank of America Corp | 2.651 | 03/11/32 | 3,054,957 | |||||||||||||
| 4,000,000 | Bank of America Corp | 2.687 | 04/22/32 | 4,073,080 | |||||||||||||
| 5,000,000 | Bank of America Corp | 2.299 | 07/21/32 | 4,928,612 | |||||||||||||
| 4,000,000 | Bank of America Corp | 2.482 | 09/21/36 | 3,920,845 | |||||||||||||
| 1,500,000 | Bank of America Corp | 6.110 | 01/29/37 | 2,022,373 | |||||||||||||
| 4,500,000 | Bank of America Corp | 4.078 | 04/23/40 | 5,180,664 | |||||||||||||
| 6,000,000 | Bank of America Corp | 2.676 | 06/19/41 | 5,792,509 | |||||||||||||
| 4,000,000 | Bank of America Corp | 3.311 | 04/22/42 | 4,197,103 | |||||||||||||
| 1,500,000 | Bank of America Corp | 5.000 | 01/21/44 | 1,967,719 | |||||||||||||
| 2,800,000 | Bank of America Corp | 4.443 | 01/20/48 | 3,456,121 | |||||||||||||
| 2 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 3,000,000 | Bank of America Corp | 3.946 | % | 01/23/49 | $ | 3,467,592 | ||||||||||
| 1,000,000 | Bank of America Corp | 2.831 | 10/24/51 | 958,209 | |||||||||||||
| 1,950,000 | Bank of America Corp | 3.483 | 03/13/52 | 2,105,175 | |||||||||||||
| 2,000,000 | Bank of America Corp | 2.972 | 07/21/52 | 1,957,867 | |||||||||||||
| 2,000,000 | Bank of Montreal | 0.450 | 12/08/23 | 2,001,653 | |||||||||||||
| 1,425,000 | Bank of Montreal | 3.300 | 02/05/24 | 1,515,308 | |||||||||||||
| 1,000,000 | Bank of Montreal | 2.500 | 06/28/24 | 1,049,405 | |||||||||||||
| 2,000,000 | Bank of Montreal | 0.625 | 07/09/24 | 1,995,847 | |||||||||||||
| 750,000 | Bank of Montreal | 1.850 | 05/01/25 | 771,748 | |||||||||||||
| 1,000,000 | Bank of Montreal | 0.949 | 01/22/27 | 984,434 | |||||||||||||
| 750,000 | Bank of Montreal | 4.338 | 10/05/28 | 800,845 | |||||||||||||
| 425,000 | Bank of Montreal | 3.803 | 12/15/32 | 465,652 | |||||||||||||
| 375,000 | Bank of Nova Scotia | 2.375 | 01/18/23 | 385,091 | |||||||||||||
| 750,000 | Bank of Nova Scotia | 1.950 | 02/01/23 | 765,981 | |||||||||||||
| 750,000 | Bank of Nova Scotia | 1.625 | 05/01/23 | 765,322 | |||||||||||||
| 1,000,000 | Bank of Nova Scotia | 0.550 | 09/15/23 | 1,002,631 | |||||||||||||
| 750,000 | Bank of Nova Scotia | 2.200 | 02/03/25 | 778,369 | |||||||||||||
| 2,000,000 | Bank of Nova Scotia | 1.300 | 06/11/25 | 2,013,558 | |||||||||||||
| 1,550,000 | Bank of Nova Scotia | 4.500 | 12/16/25 | 1,741,826 | |||||||||||||
| 2,000,000 | Bank of Nova Scotia | 1.350 | 06/24/26 | 2,001,450 | |||||||||||||
| 1,000,000 | Bank of Nova Scotia | 2.700 | 08/03/26 | 1,060,861 | |||||||||||||
| 1,500,000 | Barclays plc | 3.684 | 01/10/23 | 1,513,344 | |||||||||||||
| 1,500,000 | Barclays plc | 4.610 | 02/15/23 | 1,522,919 | |||||||||||||
| 525,000 | Barclays plc | 4.338 | 05/16/24 | 555,721 | |||||||||||||
| 200,000 | Barclays plc | 4.375 | 09/11/24 | 217,901 | |||||||||||||
| 2,000,000 | Barclays plc | 1.007 | 12/10/24 | 2,009,198 | |||||||||||||
| 1,425,000 | Barclays plc | 3.650 | 03/16/25 | 1,531,611 | |||||||||||||
| 2,750,000 | Barclays plc | 3.932 | 05/07/25 | 2,951,276 | |||||||||||||
| 975,000 | Barclays plc | 4.375 | 01/12/26 | 1,087,620 | |||||||||||||
| 2,000,000 | Barclays plc | 2.852 | 05/07/26 | 2,100,685 | |||||||||||||
| 800,000 | Barclays plc | 5.200 | 05/12/26 | 915,363 | |||||||||||||
| 700,000 | Barclays plc | 4.337 | 01/10/28 | 782,962 | |||||||||||||
| 1,975,000 | Barclays plc | 4.836 | 05/09/28 | 2,232,282 | |||||||||||||
| 1,500,000 | Barclays plc | 4.972 | 05/16/29 | 1,743,926 | |||||||||||||
| 1,000,000 | Barclays plc | 5.088 | 06/20/30 | 1,153,878 | |||||||||||||
| 2,000,000 | Barclays plc | 2.645 | 06/24/31 | 2,014,240 | |||||||||||||
| 1,500,000 | Barclays plc | 2.667 | 03/10/32 | 1,505,677 | |||||||||||||
| 1,750,000 | Barclays plc | 3.564 | 09/23/35 | 1,815,579 | |||||||||||||
| 1,000,000 | Barclays plc | 3.811 | 03/10/42 | 1,061,345 | |||||||||||||
| 775,000 | Barclays plc | 5.250 | 08/17/45 | 1,034,170 | |||||||||||||
| 575,000 | Barclays plc | 4.950 | 01/10/47 | 745,247 | |||||||||||||
| 1,000,000 | BBVA USA | 2.500 | 08/27/24 | 1,048,718 | |||||||||||||
| 500,000 | BBVA USA | 3.875 | 04/10/25 | 545,754 | |||||||||||||
| 675,000 | BNP Paribas S.A. | 3.250 | 03/03/23 | 703,124 | |||||||||||||
| 1,350,000 | BNP Paribas S.A. | 4.250 | 10/15/24 | 1,474,880 | |||||||||||||
| 800,000 | Canadian Imperial Bank of Commerce | 0.950 | 06/23/23 | 806,636 | |||||||||||||
| 500,000 | Canadian Imperial Bank of Commerce | 3.500 | 09/13/23 | 529,998 | |||||||||||||
| 2,000,000 | Canadian Imperial Bank of Commerce | 0.500 | 12/14/23 | 1,997,780 | |||||||||||||
| 750,000 | Canadian Imperial Bank of Commerce | 3.100 | 04/02/24 | 794,668 | |||||||||||||
| 1,000,000 | Canadian Imperial Bank of Commerce | 2.250 | 01/28/25 | 1,038,755 | |||||||||||||
| 1,000,000 | Canadian Imperial Bank of Commerce | 0.950 | 10/23/25 | 992,100 | |||||||||||||
| 1,000,000 | Canadian Imperial Bank of Commerce | 1.250 | 06/22/26 | 989,787 | |||||||||||||
| 2,000,000 | CitiBank NA | 3.650 | 01/23/24 | 2,135,852 | |||||||||||||
| 3 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 425,000 | Citigroup, Inc | 2.312 | % | 11/04/22 | $ | 425,651 | ||||||||||
| 4,600,000 | Citigroup, Inc | 3.500 | 05/15/23 | 4,818,924 | |||||||||||||
| 1,400,000 | Citigroup, Inc | 2.876 | 07/24/23 | 1,427,462 | |||||||||||||
| 1,500,000 | Citigroup, Inc | 4.044 | 06/01/24 | 1,586,445 | |||||||||||||
| 500,000 | Citigroup, Inc | 4.000 | 08/05/24 | 542,331 | |||||||||||||
| 3,250,000 | Citigroup, Inc | 0.776 | 10/30/24 | 3,262,462 | |||||||||||||
| 7,500,000 | Citigroup, Inc | 3.352 | 04/24/25 | 7,966,125 | |||||||||||||
| 2,000,000 | Citigroup, Inc | 0.981 | 05/01/25 | 2,006,477 | |||||||||||||
| 1,000,000 | Citigroup, Inc | 3.700 | 01/12/26 | 1,098,454 | |||||||||||||
| 750,000 | Citigroup, Inc | 4.600 | 03/09/26 | 847,073 | |||||||||||||
| 3,000,000 | Citigroup, Inc | 3.106 | 04/08/26 | 3,185,250 | |||||||||||||
| 1,100,000 | Citigroup, Inc | 4.300 | 11/20/26 | 1,235,443 | |||||||||||||
| 4,000,000 | Citigroup, Inc | 1.122 | 01/28/27 | 3,944,134 | |||||||||||||
| 5,000,000 | Citigroup, Inc | 1.462 | 06/09/27 | 4,970,534 | |||||||||||||
| 1,500,000 | Citigroup, Inc | 4.450 | 09/29/27 | 1,705,783 | |||||||||||||
| 1,000,000 | Citigroup, Inc | 3.668 | 07/24/28 | 1,099,204 | |||||||||||||
| 2,025,000 | Citigroup, Inc | 4.125 | 07/25/28 | 2,260,391 | |||||||||||||
| 4,000,000 | Citigroup, Inc | 4.075 | 04/23/29 | 4,482,732 | |||||||||||||
| 1,750,000 | Citigroup, Inc | 3.980 | 03/20/30 | 1,965,505 | |||||||||||||
| 5,000,000 | Citigroup, Inc | 2.666 | 01/29/31 | 5,120,687 | |||||||||||||
| 2,200,000 | Citigroup, Inc | 4.412 | 03/31/31 | 2,540,246 | |||||||||||||
| 6,000,000 | Citigroup, Inc | 2.572 | 06/03/31 | 6,115,824 | |||||||||||||
| 5,000,000 | Citigroup, Inc | 2.561 | 05/01/32 | 5,049,176 | |||||||||||||
| 175,000 | Citigroup, Inc | 6.625 | 06/15/32 | 235,059 | |||||||||||||
| 750,000 | Citigroup, Inc | 3.878 | 01/24/39 | 857,097 | |||||||||||||
| 325,000 | Citigroup, Inc | 8.125 | 07/15/39 | 555,403 | |||||||||||||
| 350,000 | Citigroup, Inc | 5.875 | 01/30/42 | 499,200 | |||||||||||||
| 400,000 | Citigroup, Inc | 6.675 | 09/13/43 | 609,105 | |||||||||||||
| 125,000 | Citigroup, Inc | 5.300 | 05/06/44 | 166,365 | |||||||||||||
| 675,000 | Citigroup, Inc | 4.650 | 07/30/45 | 858,763 | |||||||||||||
| 3,075,000 | Citigroup, Inc | 4.750 | 05/18/46 | 3,861,283 | |||||||||||||
| 5,075,000 | Citigroup, Inc | 4.650 | 07/23/48 | 6,546,498 | |||||||||||||
| 500,000 | Citizens Bank NA | 3.700 | 03/29/23 | 522,447 | |||||||||||||
| 350,000 | Citizens Bank NA | 2.250 | 04/28/25 | 363,998 | |||||||||||||
| 250,000 | Citizens Bank NA | 3.750 | 02/18/26 | 276,442 | |||||||||||||
| 500,000 | Citizens Financial Group, Inc | 2.850 | 07/27/26 | 530,837 | |||||||||||||
| 200,000 | Citizens Financial Group, Inc | 2.500 | 02/06/30 | 203,011 | |||||||||||||
| 450,000 | Citizens Financial Group, Inc | 3.250 | 04/30/30 | 481,997 | |||||||||||||
| 850,000 | Citizens Financial Group, Inc | 2.638 | 09/30/32 | 853,514 | |||||||||||||
| 500,000 | Comerica Bank | 2.500 | 07/23/24 | 524,290 | |||||||||||||
| 200,000 | Comerica Bank | 4.000 | 07/27/25 | 219,464 | |||||||||||||
| 625,000 | Comerica, Inc | 3.700 | 07/31/23 | 660,088 | |||||||||||||
| 550,000 | Comerica, Inc | 4.000 | 02/01/29 | 627,686 | |||||||||||||
| 575,000 | Cooperatieve Rabobank UA | 3.950 | 11/09/22 | 596,869 | |||||||||||||
| 425,000 | Cooperatieve Rabobank UA | 4.625 | 12/01/23 | 460,528 | |||||||||||||
| 2,000,000 | Cooperatieve Rabobank UA | 0.375 | 01/12/24 | 1,990,819 | |||||||||||||
| 2,050,000 | Cooperatieve Rabobank UA | 3.375 | 05/21/25 | 2,222,858 | |||||||||||||
| 600,000 | Cooperatieve Rabobank UA | 4.375 | 08/04/25 | 665,178 | |||||||||||||
| 2,700,000 | Cooperatieve Rabobank UA | 3.750 | 07/21/26 | 2,975,681 | |||||||||||||
| 550,000 | Cooperatieve Rabobank UA | 5.250 | 05/24/41 | 757,583 | |||||||||||||
| 400,000 | Cooperatieve Rabobank UA | 5.750 | 12/01/43 | 560,636 | |||||||||||||
| 1,600,000 | Cooperatieve Rabobank UA | 5.250 | 08/04/45 | 2,127,015 | |||||||||||||
| 1,300,000 | Discover Bank | 3.350 | 02/06/23 | 1,346,764 | |||||||||||||
| 1,350,000 | Discover Bank | 4.200 | 08/08/23 | 1,440,355 | |||||||||||||
| 4 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | Discover Bank | 2.450 | % | 09/12/24 | $ | 1,042,817 | ||||||||||
| 200,000 | Discover Bank | 4.250 | 03/13/26 | 222,875 | |||||||||||||
| 1,125,000 | Discover Bank | 3.450 | 07/27/26 | 1,219,641 | |||||||||||||
| 300,000 | Discover Bank | 4.682 | 08/09/28 | 319,137 | |||||||||||||
| 350,000 | Discover Bank | 4.650 | 09/13/28 | 405,655 | |||||||||||||
| 325,000 | Discover Bank | 2.700 | 02/06/30 | 337,054 | |||||||||||||
| 450,000 | Fifth Third Bancorp | 4.300 | 01/16/24 | 483,744 | |||||||||||||
| 675,000 | Fifth Third Bancorp | 3.650 | 01/25/24 | 720,192 | |||||||||||||
| 1,000,000 | Fifth Third Bancorp | 2.375 | 01/28/25 | 1,039,641 | |||||||||||||
| 300,000 | Fifth Third Bancorp | 2.550 | 05/05/27 | 315,364 | |||||||||||||
| 500,000 | Fifth Third Bancorp | 3.950 | 03/14/28 | 568,988 | |||||||||||||
| 140,000 | Fifth Third Bancorp | 8.250 | 03/01/38 | 232,182 | |||||||||||||
| 500,000 | Fifth Third Bank | 1.800 | 01/30/23 | 509,116 | |||||||||||||
| 300,000 | Fifth Third Bank | 3.950 | 07/28/25 | 332,130 | |||||||||||||
| 2,400,000 | Fifth Third Bank | 3.850 | 03/15/26 | 2,644,437 | |||||||||||||
| 1,000,000 | Fifth Third Bank | 2.250 | 02/01/27 | 1,042,271 | |||||||||||||
| 500,000 | First Citizens BancShares, Inc | 3.375 | 03/15/30 | 509,816 | |||||||||||||
| 500,000 | First Horizon Bank | 5.750 | 05/01/30 | 610,814 | |||||||||||||
| 500,000 | First Horizon National Corp | 3.550 | 05/26/23 | 521,725 | |||||||||||||
| 500,000 | First Horizon National Corp | 4.000 | 05/26/25 | 545,560 | |||||||||||||
| 500,000 | First Republic Bank | 1.912 | 02/12/24 | 510,098 | |||||||||||||
| 175,000 | First Republic Bank | 4.375 | 08/01/46 | 213,419 | |||||||||||||
| 550,000 | FNB Corp | 2.200 | 02/24/23 | 558,077 | |||||||||||||
| 33,000 | HSBC Bank USA NA | 7.000 | 01/15/39 | 50,977 | |||||||||||||
| 600,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 617,012 | |||||||||||||
| 2,625,000 | HSBC Holdings plc | 4.250 | 03/14/24 | 2,820,123 | |||||||||||||
| 2,325,000 | HSBC Holdings plc | 3.950 | 05/18/24 | 2,448,328 | |||||||||||||
| 850,000 | HSBC Holdings plc | 0.976 | 05/24/25 | 848,503 | |||||||||||||
| 450,000 | HSBC Holdings plc | 4.250 | 08/18/25 | 493,611 | |||||||||||||
| 2,000,000 | HSBC Holdings plc | 2.633 | 11/07/25 | 2,086,133 | |||||||||||||
| 1,875,000 | HSBC Holdings plc | 4.300 | 03/08/26 | 2,087,552 | |||||||||||||
| 825,000 | HSBC Holdings plc | 1.645 | 04/18/26 | 829,425 | |||||||||||||
| 2,475,000 | HSBC Holdings plc | 3.900 | 05/25/26 | 2,726,097 | |||||||||||||
| 1,500,000 | HSBC Holdings plc | 2.099 | 06/04/26 | 1,532,832 | |||||||||||||
| 1,100,000 | HSBC Holdings plc | 4.292 | 09/12/26 | 1,213,445 | |||||||||||||
| 450,000 | HSBC Holdings plc | 4.375 | 11/23/26 | 501,559 | |||||||||||||
| 4,000,000 | HSBC Holdings plc | 1.589 | 05/24/27 | 3,973,052 | |||||||||||||
| 3,925,000 | HSBC Holdings plc | 4.041 | 03/13/28 | 4,342,696 | |||||||||||||
| 5,000,000 | HSBC Holdings plc | 2.013 | 09/22/28 | 4,998,774 | |||||||||||||
| 2,775,000 | HSBC Holdings plc | 4.583 | 06/19/29 | 3,150,632 | |||||||||||||
| 1,600,000 | HSBC Holdings plc | 2.206 | 08/17/29 | 1,586,975 | |||||||||||||
| 4,000,000 | HSBC Holdings plc | 3.973 | 05/22/30 | 4,414,960 | |||||||||||||
| 3,000,000 | HSBC Holdings plc | 2.848 | 06/04/31 | 3,076,590 | |||||||||||||
| 750,000 | HSBC Holdings plc | 2.357 | 08/18/31 | 741,685 | |||||||||||||
| 3,350,000 | HSBC Holdings plc | 2.804 | 05/24/32 | 3,395,117 | |||||||||||||
| 300,000 | HSBC Holdings plc | 6.500 | 05/02/36 | 412,521 | |||||||||||||
| 2,700,000 | HSBC Holdings plc | 6.500 | 09/15/37 | 3,743,280 | |||||||||||||
| 200,000 | HSBC Holdings plc | 6.800 | 06/01/38 | 284,854 | |||||||||||||
| 550,000 | HSBC Holdings plc | 6.100 | 01/14/42 | 790,635 | |||||||||||||
| 1,175,000 | HSBC Holdings plc | 5.250 | 03/14/44 | 1,527,889 | |||||||||||||
| 1,250,000 | HSBC USA, Inc | 3.500 | 06/23/24 | 1,341,656 | |||||||||||||
| 1,000,000 | Huntington Bancshares, Inc | 2.625 | 08/06/24 | 1,048,875 | |||||||||||||
| 500,000 | Huntington Bancshares, Inc | 4.000 | 05/15/25 | 548,178 | |||||||||||||
| 5 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | Huntington Bancshares, Inc | 2.550 | % | 02/04/30 | $ | 1,033,919 | ||||||||||
| 500,000 | g | Huntington Bancshares, Inc | 2.487 | 08/15/36 | 492,326 | ||||||||||||
| 375,000 | Huntington National Bank | 1.800 | 02/03/23 | 382,074 | |||||||||||||
| 250,000 | Industrial & Commercial Bank of China Ltd | 2.452 | 10/20/21 | 250,185 | |||||||||||||
| 4,750,000 | Industrial & Commercial Bank of China Ltd | 3.538 | 11/08/27 | 5,218,999 | |||||||||||||
| 1,200,000 | ING Groep NV | 4.100 | 10/02/23 | 1,284,439 | |||||||||||||
| 575,000 | ING Groep NV | 3.550 | 04/09/24 | 615,940 | |||||||||||||
| 1,250,000 | ING Groep NV | 3.950 | 03/29/27 | 1,400,479 | |||||||||||||
| 1,500,000 | ING Groep NV | 1.726 | 04/01/27 | 1,508,503 | |||||||||||||
| 500,000 | ING Groep NV | 4.550 | 10/02/28 | 586,172 | |||||||||||||
| 1,325,000 | ING Groep NV | 4.050 | 04/09/29 | 1,506,426 | |||||||||||||
| 475,000 | ING Groep NV | 2.727 | 04/01/32 | 488,762 | |||||||||||||
| 3,150,000 | JPMorgan Chase & Co | 2.972 | 01/15/23 | 3,172,969 | |||||||||||||
| 3,075,000 | JPMorgan Chase & Co | 3.200 | 01/25/23 | 3,192,058 | |||||||||||||
| 500,000 | JPMorgan Chase & Co | 3.375 | 05/01/23 | 522,890 | |||||||||||||
| 625,000 | JPMorgan Chase & Co | 2.700 | 05/18/23 | 646,467 | |||||||||||||
| 475,000 | JPMorgan Chase & Co | 3.875 | 02/01/24 | 510,762 | |||||||||||||
| 4,400,000 | JPMorgan Chase & Co | 3.559 | 04/23/24 | 4,606,328 | |||||||||||||
| 1,525,000 | JPMorgan Chase & Co | 3.625 | 05/13/24 | 1,640,761 | |||||||||||||
| 2,000,000 | JPMorgan Chase & Co | 1.514 | 06/01/24 | 2,033,300 | |||||||||||||
| 1,575,000 | JPMorgan Chase & Co | 3.797 | 07/23/24 | 1,665,016 | |||||||||||||
| 2,675,000 | JPMorgan Chase & Co | 3.875 | 09/10/24 | 2,908,473 | |||||||||||||
| 3,000,000 | JPMorgan Chase & Co | 0.653 | 09/16/24 | 3,007,492 | |||||||||||||
| 975,000 | JPMorgan Chase & Co | 4.023 | 12/05/24 | 1,044,303 | |||||||||||||
| 625,000 | JPMorgan Chase & Co | 3.125 | 01/23/25 | 664,299 | |||||||||||||
| 475,000 | JPMorgan Chase & Co | 0.563 | 02/16/25 | 473,028 | |||||||||||||
| 1,200,000 | JPMorgan Chase & Co | 3.220 | 03/01/25 | 1,267,514 | |||||||||||||
| 2,000,000 | JPMorgan Chase & Co | 0.824 | 06/01/25 | 1,999,643 | |||||||||||||
| 2,125,000 | JPMorgan Chase & Co | 3.900 | 07/15/25 | 2,323,619 | |||||||||||||
| 1,000,000 | JPMorgan Chase & Co | 0.768 | 08/09/25 | 995,936 | |||||||||||||
| 2,000,000 | JPMorgan Chase & Co | 2.301 | 10/15/25 | 2,074,424 | |||||||||||||
| 2,000,000 | JPMorgan Chase & Co | 2.005 | 03/13/26 | 2,048,571 | |||||||||||||
| 3,125,000 | JPMorgan Chase & Co | 3.300 | 04/01/26 | 3,388,173 | |||||||||||||
| 2,000,000 | JPMorgan Chase & Co | 2.083 | 04/22/26 | 2,057,123 | |||||||||||||
| 1,450,000 | JPMorgan Chase & Co | 3.200 | 06/15/26 | 1,566,325 | |||||||||||||
| 1,000,000 | JPMorgan Chase & Co | 2.950 | 10/01/26 | 1,071,740 | |||||||||||||
| 4,000,000 | JPMorgan Chase & Co | 1.045 | 11/19/26 | 3,939,330 | |||||||||||||
| 1,350,000 | JPMorgan Chase & Co | 4.125 | 12/15/26 | 1,517,821 | |||||||||||||
| 2,450,000 | JPMorgan Chase & Co | 3.960 | 01/29/27 | 2,703,802 | |||||||||||||
| 4,000,000 | JPMorgan Chase & Co | 1.040 | 02/04/27 | 3,924,240 | |||||||||||||
| 5,200,000 | JPMorgan Chase & Co | 1.578 | 04/22/27 | 5,210,546 | |||||||||||||
| 5,000,000 | JPMorgan Chase & Co | 1.470 | 09/22/27 | 4,968,006 | |||||||||||||
| 250,000 | JPMorgan Chase & Co | 4.250 | 10/01/27 | 284,301 | |||||||||||||
| 325,000 | JPMorgan Chase & Co | 3.625 | 12/01/27 | 354,997 | |||||||||||||
| 1,375,000 | JPMorgan Chase & Co | 3.782 | 02/01/28 | 1,515,121 | |||||||||||||
| 425,000 | JPMorgan Chase & Co | 3.540 | 05/01/28 | 464,200 | |||||||||||||
| 6,000,000 | JPMorgan Chase & Co | 2.182 | 06/01/28 | 6,125,665 | |||||||||||||
| 3,000,000 | JPMorgan Chase & Co | 2.069 | 06/01/29 | 3,006,757 | |||||||||||||
| 2,050,000 | JPMorgan Chase & Co | 4.203 | 07/23/29 | 2,331,981 | |||||||||||||
| 1,750,000 | JPMorgan Chase & Co | 4.452 | 12/05/29 | 2,015,689 | |||||||||||||
| 4,500,000 | JPMorgan Chase & Co | 3.702 | 05/06/30 | 4,969,499 | |||||||||||||
| 2,000,000 | JPMorgan Chase & Co | 2.522 | 04/22/31 | 2,040,406 | |||||||||||||
| 1,425,000 | JPMorgan Chase & Co | 2.956 | 05/13/31 | 1,482,510 | |||||||||||||
| 5,000,000 | JPMorgan Chase & Co | 1.764 | 11/19/31 | 4,774,500 | |||||||||||||
| 6 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,250,000 | JPMorgan Chase & Co | 1.953 | % | 02/04/32 | $ | 2,170,623 | ||||||||||
| 3,000,000 | JPMorgan Chase & Co | 2.580 | 04/22/32 | 3,041,604 | |||||||||||||
| 958,000 | JPMorgan Chase & Co | 5.500 | 10/15/40 | 1,311,663 | |||||||||||||
| 2,000,000 | JPMorgan Chase & Co | 3.109 | 04/22/41 | 2,068,219 | |||||||||||||
| 4,500,000 | JPMorgan Chase & Co | 2.525 | 11/19/41 | 4,261,414 | |||||||||||||
| 3,000,000 | JPMorgan Chase & Co | 3.157 | 04/22/42 | 3,114,708 | |||||||||||||
| 1,000,000 | JPMorgan Chase & Co | 5.625 | 08/16/43 | 1,384,467 | |||||||||||||
| 1,800,000 | JPMorgan Chase & Co | 4.950 | 06/01/45 | 2,352,881 | |||||||||||||
| 2,050,000 | JPMorgan Chase & Co | 4.260 | 02/22/48 | 2,471,768 | |||||||||||||
| 1,000,000 | JPMorgan Chase & Co | 4.032 | 07/24/48 | 1,165,397 | |||||||||||||
| 4,500,000 | JPMorgan Chase & Co | 3.964 | 11/15/48 | 5,216,351 | |||||||||||||
| 1,750,000 | JPMorgan Chase & Co | 3.897 | 01/23/49 | 2,009,036 | |||||||||||||
| 2,000,000 | JPMorgan Chase & Co | 3.109 | 04/22/51 | 2,031,560 | |||||||||||||
| 3,000,000 | JPMorgan Chase & Co | 3.328 | 04/22/52 | 3,142,671 | |||||||||||||
| 750,000 | JPMorgan Chase & Co | 6.000 | N/A‡ | 791,250 | |||||||||||||
| 425,000 | KeyBank NA | 1.250 | 03/10/23 | 430,665 | |||||||||||||
| 3,000,000 | KeyBank NA | 0.423 | 01/03/24 | 2,999,767 | |||||||||||||
| 1,000,000 | KeyBank NA | 0.433 | 06/14/24 | 999,501 | |||||||||||||
| 750,000 | KeyBank NA | 3.300 | 06/01/25 | 811,862 | |||||||||||||
| 300,000 | KeyBank NA | 3.400 | 05/20/26 | 326,155 | |||||||||||||
| 250,000 | KeyBank NA | 3.900 | 04/13/29 | 279,080 | |||||||||||||
| 200,000 | KeyCorp | 4.150 | 10/29/25 | 223,194 | |||||||||||||
| 850,000 | KeyCorp | 2.250 | 04/06/27 | 878,280 | |||||||||||||
| 500,000 | KeyCorp | 4.100 | 04/30/28 | 571,245 | |||||||||||||
| 1,000,000 | KeyCorp | 2.550 | 10/01/29 | 1,040,775 | |||||||||||||
| 1,000,000 | Lloyds Banking Group plc | 2.858 | 03/17/23 | 1,011,128 | |||||||||||||
| 300,000 | Lloyds Banking Group plc | 1.326 | 06/15/23 | 301,927 | |||||||||||||
| 1,175,000 | Lloyds Banking Group plc | 2.907 | 11/07/23 | 1,205,538 | |||||||||||||
| 1,800,000 | Lloyds Banking Group plc | 3.900 | 03/12/24 | 1,935,203 | |||||||||||||
| 2,750,000 | Lloyds Banking Group plc | 4.500 | 11/04/24 | 3,019,784 | |||||||||||||
| 1,375,000 | Lloyds Banking Group plc | 4.450 | 05/08/25 | 1,525,335 | |||||||||||||
| 325,000 | Lloyds Banking Group plc | 4.582 | 12/10/25 | 362,760 | |||||||||||||
| 1,000,000 | Lloyds Banking Group plc | 2.438 | 02/05/26 | 1,037,381 | |||||||||||||
| 225,000 | Lloyds Banking Group plc | 4.650 | 03/24/26 | 252,875 | |||||||||||||
| 500,000 | Lloyds Banking Group plc | 3.750 | 01/11/27 | 549,820 | |||||||||||||
| 2,000,000 | Lloyds Banking Group plc | 1.627 | 05/11/27 | 1,998,318 | |||||||||||||
| 2,700,000 | Lloyds Banking Group plc | 4.375 | 03/22/28 | 3,071,196 | |||||||||||||
| 700,000 | Lloyds Banking Group plc | 4.550 | 08/16/28 | 806,819 | |||||||||||||
| 1,825,000 | Lloyds Banking Group plc | 3.574 | 11/07/28 | 1,986,407 | |||||||||||||
| 1,550,000 | Lloyds Banking Group plc | 4.344 | 01/09/48 | 1,826,332 | |||||||||||||
| 300,000 | M&T Bank Corp | 3.550 | 07/26/23 | 316,342 | |||||||||||||
| 1,100,000 | Manufacturers & Traders Trust Co | 2.900 | 02/06/25 | 1,168,866 | |||||||||||||
| 1,925,000 | Mitsubishi UFJ Financial Group, Inc | 3.455 | 03/02/23 | 2,008,121 | |||||||||||||
| 1,175,000 | Mitsubishi UFJ Financial Group, Inc | 3.761 | 07/26/23 | 1,244,866 | |||||||||||||
| 1,000,000 | Mitsubishi UFJ Financial Group, Inc | 2.801 | 07/18/24 | 1,054,034 | |||||||||||||
| 1,000,000 | Mitsubishi UFJ Financial Group, Inc | 0.848 | 09/15/24 | 1,004,449 | |||||||||||||
| 2,000,000 | Mitsubishi UFJ Financial Group, Inc | 2.193 | 02/25/25 | 2,068,748 | |||||||||||||
| 1,625,000 | Mitsubishi UFJ Financial Group, Inc | 3.777 | 03/02/25 | 1,766,612 | |||||||||||||
| 2,500,000 | Mitsubishi UFJ Financial Group, Inc | 1.412 | 07/17/25 | 2,514,467 | |||||||||||||
| 3,000,000 | Mitsubishi UFJ Financial Group, Inc | 0.953 | 07/19/25 | 3,003,408 | |||||||||||||
| 207,000 | Mitsubishi UFJ Financial Group, Inc | 3.850 | 03/01/26 | 228,559 | |||||||||||||
| 225,000 | Mitsubishi UFJ Financial Group, Inc | 2.757 | 09/13/26 | 237,810 | |||||||||||||
| 650,000 | Mitsubishi UFJ Financial Group, Inc | 3.677 | 02/22/27 | 720,209 | |||||||||||||
| 7 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 4,000,000 | Mitsubishi UFJ Financial Group, Inc | 1.538 | % | 07/20/27 | $ | 3,996,088 | ||||||||||
| 700,000 | Mitsubishi UFJ Financial Group, Inc | 3.287 | 07/25/27 | 764,005 | |||||||||||||
| 1,000,000 | Mitsubishi UFJ Financial Group, Inc | 3.961 | 03/02/28 | 1,121,263 | |||||||||||||
| 300,000 | Mitsubishi UFJ Financial Group, Inc | 4.050 | 09/11/28 | 340,642 | |||||||||||||
| 1,250,000 | Mitsubishi UFJ Financial Group, Inc | 3.741 | 03/07/29 | 1,393,468 | |||||||||||||
| 1,000,000 | Mitsubishi UFJ Financial Group, Inc | 3.195 | 07/18/29 | 1,069,718 | |||||||||||||
| 1,500,000 | Mitsubishi UFJ Financial Group, Inc | 2.559 | 02/25/30 | 1,536,030 | |||||||||||||
| 1,250,000 | Mitsubishi UFJ Financial Group, Inc | 2.048 | 07/17/30 | 1,229,101 | |||||||||||||
| 1,700,000 | Mitsubishi UFJ Financial Group, Inc | 2.309 | 07/20/32 | 1,684,291 | |||||||||||||
| 300,000 | Mitsubishi UFJ Financial Group, Inc | 4.286 | 07/26/38 | 360,730 | |||||||||||||
| 500,000 | Mitsubishi UFJ Financial Group, Inc | 4.153 | 03/07/39 | 591,303 | |||||||||||||
| 1,425,000 | Mitsubishi UFJ Financial Group, Inc | 3.751 | 07/18/39 | 1,603,958 | |||||||||||||
| 700,000 | Mizuho Financial Group, Inc | 3.549 | 03/05/23 | 730,947 | |||||||||||||
| 1,750,000 | Mizuho Financial Group, Inc | 1.241 | 07/10/24 | 1,770,423 | |||||||||||||
| 2,000,000 | Mizuho Financial Group, Inc | 0.849 | 09/08/24 | 2,006,756 | |||||||||||||
| 500,000 | Mizuho Financial Group, Inc | 2.555 | 09/13/25 | 523,296 | |||||||||||||
| 500,000 | Mizuho Financial Group, Inc | 2.226 | 05/25/26 | 515,424 | |||||||||||||
| 200,000 | Mizuho Financial Group, Inc | 3.663 | 02/28/27 | 220,637 | |||||||||||||
| 1,000,000 | Mizuho Financial Group, Inc | 1.234 | 05/22/27 | 984,251 | |||||||||||||
| 1,000,000 | Mizuho Financial Group, Inc | 1.554 | 07/09/27 | 997,805 | |||||||||||||
| 600,000 | Mizuho Financial Group, Inc | 3.170 | 09/11/27 | 645,182 | |||||||||||||
| 725,000 | Mizuho Financial Group, Inc | 4.018 | 03/05/28 | 818,147 | |||||||||||||
| 625,000 | Mizuho Financial Group, Inc | 4.254 | 09/11/29 | 709,870 | |||||||||||||
| 1,000,000 | Mizuho Financial Group, Inc | 3.153 | 07/16/30 | 1,062,284 | |||||||||||||
| 500,000 | Mizuho Financial Group, Inc | 2.869 | 09/13/30 | 523,362 | |||||||||||||
| 500,000 | Mizuho Financial Group, Inc | 2.591 | 05/25/31 | 505,733 | |||||||||||||
| 1,000,000 | Mizuho Financial Group, Inc | 2.201 | 07/10/31 | 983,389 | |||||||||||||
| 1,000,000 | Mizuho Financial Group, Inc | 1.979 | 09/08/31 | 965,305 | |||||||||||||
| 700,000 | Mizuho Financial Group, Inc | 2.564 | 09/13/31 | 690,132 | |||||||||||||
| 1,000,000 | Mizuho Financial Group, Inc | 2.172 | 05/22/32 | 981,420 | |||||||||||||
| 1,000,000 | Mizuho Financial Group, Inc | 2.260 | 07/09/32 | 985,488 | |||||||||||||
| 160,000 | MUFG Americas Holdings Corp | 3.000 | 02/10/25 | 169,741 | |||||||||||||
| 625,000 | National Australia Bank Ltd | 3.000 | 01/20/23 | 647,073 | |||||||||||||
| 500,000 | National Australia Bank Ltd | 2.875 | 04/12/23 | 519,123 | |||||||||||||
| 300,000 | National Australia Bank Ltd | 3.375 | 01/14/26 | 328,272 | |||||||||||||
| 750,000 | National Australia Bank Ltd | 2.500 | 07/12/26 | 795,617 | |||||||||||||
| 1,000,000 | National Bank of Canada | 2.100 | 02/01/23 | 1,022,013 | |||||||||||||
| 1,000,000 | National Bank of Canada | 0.750 | 08/06/24 | 997,336 | |||||||||||||
| 1,150,000 | National Bank of Canada | 0.550 | 11/15/24 | 1,147,706 | |||||||||||||
| 800,000 | Natwest Group plc | 1.642 | 06/14/27 | 799,947 | |||||||||||||
| 800,000 | Natwest Group plc | 3.032 | 11/28/35 | 801,061 | |||||||||||||
| 1,275,000 | NatWest Group plc | 3.875 | 09/12/23 | 1,351,808 | |||||||||||||
| 1,100,000 | NatWest Group plc | 2.359 | 05/22/24 | 1,128,746 | |||||||||||||
| 300,000 | People’s United Bank NA | 4.000 | 07/15/24 | 320,359 | |||||||||||||
| 100,000 | People’s United Financial, Inc | 3.650 | 12/06/22 | 102,787 | |||||||||||||
| 750,000 | PNC Bank NA | 2.950 | 01/30/23 | 773,909 | |||||||||||||
| 250,000 | PNC Bank NA | 3.800 | 07/25/23 | 264,203 | |||||||||||||
| 600,000 | PNC Bank NA | 2.950 | 02/23/25 | 638,623 | |||||||||||||
| 550,000 | PNC Bank NA | 3.250 | 06/01/25 | 593,005 | |||||||||||||
| 500,000 | PNC Bank NA | 3.100 | 10/25/27 | 546,135 | |||||||||||||
| 500,000 | PNC Bank NA | 3.250 | 01/22/28 | 547,235 | |||||||||||||
| 903,000 | PNC Bank NA | 4.050 | 07/26/28 | 1,028,704 | |||||||||||||
| 475,000 | PNC Bank NA | 2.700 | 10/22/29 | 498,100 | |||||||||||||
| 500,000 | PNC Financial Services Group, Inc | 3.500 | 01/23/24 | 531,579 | |||||||||||||
| 8 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 300,000 | PNC Financial Services Group, Inc | 3.900 | % | 04/29/24 | $ | 323,714 | ||||||||||
| 500,000 | PNC Financial Services Group, Inc | 2.200 | 11/01/24 | 523,918 | |||||||||||||
| 1,500,000 | PNC Financial Services Group, Inc | 2.600 | 07/23/26 | 1,594,268 | |||||||||||||
| 3,000,000 | PNC Financial Services Group, Inc | 1.150 | 08/13/26 | 3,006,239 | |||||||||||||
| 300,000 | PNC Financial Services Group, Inc | 3.150 | 05/19/27 | 328,360 | |||||||||||||
| 1,575,000 | PNC Financial Services Group, Inc | 3.450 | 04/23/29 | 1,745,170 | |||||||||||||
| 2,000,000 | PNC Financial Services Group, Inc | 2.550 | 01/22/30 | 2,078,927 | |||||||||||||
| 1,500,000 | PNC Financial Services Group, Inc | 2.307 | 04/23/32 | 1,525,451 | |||||||||||||
| 300,000 | Regions Bank | 6.450 | 06/26/37 | 426,083 | |||||||||||||
| 225,000 | Regions Financial Corp | 2.250 | 05/18/25 | 233,832 | |||||||||||||
| 1,000,000 | Regions Financial Corp | 1.800 | 08/12/28 | 988,143 | |||||||||||||
| 1,000,000 | Royal Bank of Canada | 1.950 | 01/17/23 | 1,021,049 | |||||||||||||
| 500,000 | Royal Bank of Canada | 1.600 | 04/17/23 | 509,651 | |||||||||||||
| 850,000 | Royal Bank of Canada | 3.700 | 10/05/23 | 904,210 | |||||||||||||
| 1,000,000 | Royal Bank of Canada | 0.500 | 10/26/23 | 1,000,585 | |||||||||||||
| 1,000,000 | Royal Bank of Canada | 0.425 | 01/19/24 | 995,800 | |||||||||||||
| 1,000,000 | Royal Bank of Canada | 2.550 | 07/16/24 | 1,049,147 | |||||||||||||
| 750,000 | Royal Bank of Canada | 2.250 | 11/01/24 | 782,896 | |||||||||||||
| 2,000,000 | Royal Bank of Canada | 1.150 | 06/10/25 | 2,003,804 | |||||||||||||
| 1,000,000 | Royal Bank of Canada | 0.875 | 01/20/26 | 984,411 | |||||||||||||
| 1,000,000 | Royal Bank of Canada | 4.650 | 01/27/26 | 1,134,646 | |||||||||||||
| 2,000,000 | Royal Bank of Canada | 1.200 | 04/27/26 | 1,987,634 | |||||||||||||
| 2,000,000 | Royal Bank of Canada | 1.150 | 07/14/26 | 1,985,239 | |||||||||||||
| 4,000,000 | Royal Bank of Scotland Group plc | 3.498 | 05/15/23 | 4,072,795 | |||||||||||||
| 700,000 | Royal Bank of Scotland Group plc | 4.519 | 06/25/24 | 745,062 | |||||||||||||
| 750,000 | Royal Bank of Scotland Group plc | 4.269 | 03/22/25 | 809,355 | |||||||||||||
| 750,000 | Royal Bank of Scotland Group plc | 4.800 | 04/05/26 | 852,567 | |||||||||||||
| 300,000 | Royal Bank of Scotland Group plc | 3.073 | 05/22/28 | 318,539 | |||||||||||||
| 1,000,000 | Royal Bank of Scotland Group plc | 4.892 | 05/18/29 | 1,164,408 | |||||||||||||
| 750,000 | Royal Bank of Scotland Group plc | 3.754 | 11/01/29 | 800,394 | |||||||||||||
| 3,000,000 | Royal Bank of Scotland Group plc | 5.076 | 01/27/30 | 3,542,520 | |||||||||||||
| 1,500,000 | Royal Bank of Scotland Group plc | 4.445 | 05/08/30 | 1,715,864 | |||||||||||||
| 1,200,000 | Santander Holdings USA, Inc | 3.400 | 01/18/23 | 1,240,969 | |||||||||||||
| 375,000 | Santander Holdings USA, Inc | 3.500 | 06/07/24 | 398,363 | |||||||||||||
| 1,000,000 | Santander Holdings USA, Inc | 3.450 | 06/02/25 | 1,070,751 | |||||||||||||
| 775,000 | Santander Holdings USA, Inc | 4.500 | 07/17/25 | 853,818 | |||||||||||||
| 1,850,000 | Santander Holdings USA, Inc | 3.244 | 10/05/26 | 1,976,211 | |||||||||||||
| 650,000 | Santander Holdings USA, Inc | 4.400 | 07/13/27 | 730,275 | |||||||||||||
| 1,775,000 | Santander UK Group Holdings plc | 3.571 | 01/10/23 | 1,790,275 | |||||||||||||
| 775,000 | Santander UK Group Holdings plc | 3.373 | 01/05/24 | 800,493 | |||||||||||||
| 725,000 | Santander UK Group Holdings plc | 4.796 | 11/15/24 | 784,965 | |||||||||||||
| 1,000,000 | Santander UK Group Holdings plc | 1.532 | 08/21/26 | 997,991 | |||||||||||||
| 1,000,000 | Santander UK Group Holdings plc | 1.673 | 06/14/27 | 995,741 | |||||||||||||
| 500,000 | Santander UK Group Holdings plc | 3.823 | 11/03/28 | 546,956 | |||||||||||||
| 1,500,000 | Santander UK Group Holdings plc | 2.896 | 03/15/32 | 1,530,017 | |||||||||||||
| 775,000 | Santander UK plc | 4.000 | 03/13/24 | 837,001 | |||||||||||||
| 350,000 | Shinhan Bank Co Ltd | 3.875 | 12/07/26 | 351,690 | |||||||||||||
| 800,000 | Sumitomo Mitsui Banking Corp | 3.000 | 01/18/23 | 826,766 | |||||||||||||
| 300,000 | Sumitomo Mitsui Banking Corp | 3.950 | 01/10/24 | 322,365 | |||||||||||||
| 500,000 | Sumitomo Mitsui Banking Corp | 3.400 | 07/11/24 | 535,620 | |||||||||||||
| 250,000 | Sumitomo Mitsui Banking Corp | 3.650 | 07/23/25 | 272,993 | |||||||||||||
| 1,725,000 | Sumitomo Mitsui Financial Group, Inc | 3.102 | 01/17/23 | 1,785,080 | |||||||||||||
| 900,000 | Sumitomo Mitsui Financial Group, Inc | 3.748 | 07/19/23 | 953,631 | |||||||||||||
| 9 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | Sumitomo Mitsui Financial Group, Inc | 0.508 | % | 01/12/24 | $ | 996,764 | ||||||||||
| 1,000,000 | Sumitomo Mitsui Financial Group, Inc | 2.448 | 09/27/24 | 1,045,310 | |||||||||||||
| 3,725,000 | Sumitomo Mitsui Financial Group, Inc | 1.474 | 07/08/25 | 3,754,986 | |||||||||||||
| 1,000,000 | Sumitomo Mitsui Financial Group, Inc | 0.948 | 01/12/26 | 982,501 | |||||||||||||
| 1,300,000 | Sumitomo Mitsui Financial Group, Inc | 3.784 | 03/09/26 | 1,433,977 | |||||||||||||
| 1,000,000 | Sumitomo Mitsui Financial Group, Inc | 1.402 | 09/17/26 | 991,802 | |||||||||||||
| 700,000 | Sumitomo Mitsui Financial Group, Inc | 3.010 | 10/19/26 | 750,635 | |||||||||||||
| 725,000 | Sumitomo Mitsui Financial Group, Inc | 3.446 | 01/11/27 | 791,867 | |||||||||||||
| 775,000 | Sumitomo Mitsui Financial Group, Inc | 3.364 | 07/12/27 | 851,588 | |||||||||||||
| 500,000 | Sumitomo Mitsui Financial Group, Inc | 3.352 | 10/18/27 | 543,406 | |||||||||||||
| 675,000 | Sumitomo Mitsui Financial Group, Inc | 3.544 | 01/17/28 | 738,735 | |||||||||||||
| 750,000 | Sumitomo Mitsui Financial Group, Inc | 3.944 | 07/19/28 | 842,147 | |||||||||||||
| 1,500,000 | Sumitomo Mitsui Financial Group, Inc | 1.902 | 09/17/28 | 1,482,391 | |||||||||||||
| 500,000 | e | Sumitomo Mitsui Financial Group, Inc | 4.306 | 10/16/28 | 574,702 | ||||||||||||
| 1,500,000 | Sumitomo Mitsui Financial Group, Inc | 3.040 | 07/16/29 | 1,589,325 | |||||||||||||
| 500,000 | Sumitomo Mitsui Financial Group, Inc | 3.202 | 09/17/29 | 526,397 | |||||||||||||
| 1,000,000 | Sumitomo Mitsui Financial Group, Inc | 2.724 | 09/27/29 | 1,035,531 | |||||||||||||
| 1,500,000 | Sumitomo Mitsui Financial Group, Inc | 2.750 | 01/15/30 | 1,561,556 | |||||||||||||
| 1,500,000 | Sumitomo Mitsui Financial Group, Inc | 2.130 | 07/08/30 | 1,478,147 | |||||||||||||
| 1,000,000 | Sumitomo Mitsui Financial Group, Inc | 2.142 | 09/23/30 | 966,596 | |||||||||||||
| 1,000,000 | Sumitomo Mitsui Financial Group, Inc | 1.710 | 01/12/31 | 953,802 | |||||||||||||
| 1,500,000 | Sumitomo Mitsui Financial Group, Inc | 2.222 | 09/17/31 | 1,476,238 | |||||||||||||
| 1,500,000 | Sumitomo Mitsui Financial Group, Inc | 2.296 | 01/12/41 | 1,379,897 | |||||||||||||
| 1,000,000 | Sumitomo Mitsui Financial Group, Inc | 2.930 | 09/17/41 | 974,221 | |||||||||||||
| 750,000 | SVB Financial Group | 2.100 | 05/15/28 | 757,122 | |||||||||||||
| 300,000 | SVB Financial Group | 3.125 | 06/05/30 | 320,909 | |||||||||||||
| 875,000 | SVB Financial Group | 1.800 | 02/02/31 | 839,637 | |||||||||||||
| 889,000 | Svenska Handelsbanken AB | 3.900 | 11/20/23 | 955,140 | |||||||||||||
| 500,000 | Synovus Bank | 2.289 | 02/10/23 | 502,191 | |||||||||||||
| 300,000 | Synovus Financial Corp | 3.125 | 11/01/22 | 306,789 | |||||||||||||
| 1,000,000 | Toronto-Dominion Bank | 0.250 | 01/06/23 | 999,385 | |||||||||||||
| 1,000,000 | Toronto-Dominion Bank | 0.750 | 06/12/23 | 1,005,877 | |||||||||||||
| 500,000 | Toronto-Dominion Bank | 3.500 | 07/19/23 | 528,207 | |||||||||||||
| 1,000,000 | Toronto-Dominion Bank | 0.450 | 09/11/23 | 1,000,230 | |||||||||||||
| 1,525,000 | Toronto-Dominion Bank | 3.250 | 03/11/24 | 1,620,478 | |||||||||||||
| 1,250,000 | Toronto-Dominion Bank | 2.650 | 06/12/24 | 1,315,369 | |||||||||||||
| 1,000,000 | Toronto-Dominion Bank | 1.150 | 06/12/25 | 1,002,214 | |||||||||||||
| 1,000,000 | Toronto-Dominion Bank | 0.750 | 09/11/25 | 987,168 | |||||||||||||
| 2,000,000 | Toronto-Dominion Bank | 0.750 | 01/06/26 | 1,968,283 | |||||||||||||
| 2,000,000 | Toronto-Dominion Bank | 1.200 | 06/03/26 | 1,994,448 | |||||||||||||
| 1,000,000 | Toronto-Dominion Bank | 3.625 | 09/15/31 | 1,098,674 | |||||||||||||
| 500,000 | Truist Bank | 3.000 | 02/02/23 | 516,972 | |||||||||||||
| 750,000 | Truist Bank | 1.250 | 03/09/23 | 759,820 | |||||||||||||
| 1,000,000 | Truist Bank | 3.200 | 04/01/24 | 1,062,164 | |||||||||||||
| 500,000 | Truist Bank | 3.689 | 08/02/24 | 529,595 | |||||||||||||
| 750,000 | Truist Bank | 2.150 | 12/06/24 | 781,519 | |||||||||||||
| 1,000,000 | Truist Bank | 1.500 | 03/10/25 | 1,018,048 | |||||||||||||
| 500,000 | Truist Bank | 3.625 | 09/16/25 | 545,935 | |||||||||||||
| 200,000 | Truist Bank | 4.050 | 11/03/25 | 222,609 | |||||||||||||
| 375,000 | Truist Bank | 3.300 | 05/15/26 | 408,177 | |||||||||||||
| 500,000 | Truist Bank | 3.800 | 10/30/26 | 557,179 | |||||||||||||
| 750,000 | Truist Bank | 2.636 | 09/17/29 | 784,028 | |||||||||||||
| 475,000 | Truist Bank | 2.250 | 03/11/30 | 477,522 | |||||||||||||
| 750,000 | Truist Financial Corp | 2.200 | 03/16/23 | 769,505 | |||||||||||||
| 10 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 775,000 | Truist Financial Corp | 3.750 | % | 12/06/23 | $ | 827,830 | ||||||||||
| 1,000,000 | Truist Financial Corp | 2.500 | 08/01/24 | 1,051,869 | |||||||||||||
| 825,000 | Truist Financial Corp | 2.850 | 10/26/24 | 877,040 | |||||||||||||
| 900,000 | Truist Financial Corp | 4.000 | 05/01/25 | 989,965 | |||||||||||||
| 975,000 | Truist Financial Corp | 3.700 | 06/05/25 | 1,067,359 | |||||||||||||
| 750,000 | Truist Financial Corp | 1.200 | 08/05/25 | 755,438 | |||||||||||||
| 1,300,000 | Truist Financial Corp | 1.267 | 03/02/27 | 1,295,379 | |||||||||||||
| 1,000,000 | Truist Financial Corp | 1.125 | 08/03/27 | 977,494 | |||||||||||||
| 500,000 | Truist Financial Corp | 3.875 | 03/19/29 | 564,565 | |||||||||||||
| 2,000,000 | Truist Financial Corp | 1.887 | 06/07/29 | 1,998,052 | |||||||||||||
| 750,000 | Truist Financial Corp | 1.950 | 06/05/30 | 750,649 | |||||||||||||
| 125,000 | US Bancorp | 3.700 | 01/30/24 | 133,873 | |||||||||||||
| 1,225,000 | US Bancorp | 3.375 | 02/05/24 | 1,302,129 | |||||||||||||
| 2,225,000 | US Bancorp | 3.600 | 09/11/24 | 2,410,561 | |||||||||||||
| 125,000 | US Bancorp | 3.950 | 11/17/25 | 139,291 | |||||||||||||
| 750,000 | US Bancorp | 3.100 | 04/27/26 | 809,659 | |||||||||||||
| 700,000 | US Bancorp | 2.375 | 07/22/26 | 739,240 | |||||||||||||
| 1,175,000 | US Bancorp | 3.150 | 04/27/27 | 1,282,552 | |||||||||||||
| 750,000 | US Bancorp | 3.900 | 04/26/28 | 852,352 | |||||||||||||
| 600,000 | US Bancorp | 3.000 | 07/30/29 | 644,516 | |||||||||||||
| 2,500,000 | e | US Bancorp | 1.375 | 07/22/30 | 2,383,275 | ||||||||||||
| 1,400,000 | US Bank NA | 2.850 | 01/23/23 | 1,445,334 | |||||||||||||
| 1,250,000 | US Bank NA | 3.400 | 07/24/23 | 1,316,797 | |||||||||||||
| 750,000 | US Bank NA | 2.800 | 01/27/25 | 795,750 | |||||||||||||
| 1,000,000 | Valley National Bancorp | 3.000 | 06/15/31 | 1,009,877 | |||||||||||||
| 125,000 | Wachovia Corp | 5.500 | 08/01/35 | 161,091 | |||||||||||||
| 200,000 | Webster Financial Corp | 4.100 | 03/25/29 | 220,828 | |||||||||||||
| 1,375,000 | Wells Fargo & Co | 3.450 | 02/13/23 | 1,431,021 | |||||||||||||
| 800,000 | Wells Fargo & Co | 4.125 | 08/15/23 | 851,987 | |||||||||||||
| 334,000 | Wells Fargo & Co | 4.480 | 01/16/24 | 361,601 | |||||||||||||
| 1,350,000 | Wells Fargo & Co | 3.750 | 01/24/24 | 1,443,253 | |||||||||||||
| 825,000 | Wells Fargo & Co | 1.654 | 06/02/24 | 841,125 | |||||||||||||
| 2,700,000 | Wells Fargo & Co | 3.300 | 09/09/24 | 2,905,861 | |||||||||||||
| 4,100,000 | Wells Fargo & Co | 3.000 | 02/19/25 | 4,351,643 | |||||||||||||
| 5,000,000 | Wells Fargo & Co | 0.805 | 05/19/25 | 5,006,500 | |||||||||||||
| 1,125,000 | Wells Fargo & Co | 3.550 | 09/29/25 | 1,225,588 | |||||||||||||
| 2,000,000 | Wells Fargo & Co | 2.406 | 10/30/25 | 2,082,958 | |||||||||||||
| 1,500,000 | Wells Fargo & Co | 2.164 | 02/11/26 | 1,547,326 | |||||||||||||
| 3,350,000 | Wells Fargo & Co | 3.000 | 04/22/26 | 3,594,184 | |||||||||||||
| 1,000,000 | Wells Fargo & Co | 2.188 | 04/30/26 | 1,032,135 | |||||||||||||
| 1,250,000 | Wells Fargo & Co | 4.100 | 06/03/26 | 1,392,176 | |||||||||||||
| 2,575,000 | Wells Fargo & Co | 3.000 | 10/23/26 | 2,759,805 | |||||||||||||
| 1,500,000 | Wells Fargo & Co | 3.196 | 06/17/27 | 1,610,149 | |||||||||||||
| 1,200,000 | Wells Fargo & Co | 4.300 | 07/22/27 | 1,363,425 | |||||||||||||
| 3,625,000 | Wells Fargo & Co | 3.584 | 05/22/28 | 3,968,901 | |||||||||||||
| 5,000,000 | Wells Fargo & Co | 2.393 | 06/02/28 | 5,157,200 | |||||||||||||
| 6,175,000 | Wells Fargo & Co | 4.150 | 01/24/29 | 7,017,963 | |||||||||||||
| 3,950,000 | Wells Fargo & Co | 2.879 | 10/30/30 | 4,125,226 | |||||||||||||
| 3,000,000 | Wells Fargo & Co | 2.572 | 02/11/31 | 3,065,340 | |||||||||||||
| 5,000,000 | Wells Fargo & Co | 4.478 | 04/04/31 | 5,821,431 | |||||||||||||
| 7,025,000 | Wells Fargo & Co | 3.068 | 04/30/41 | 7,218,841 | |||||||||||||
| 1,050,000 | Wells Fargo & Co | 5.375 | 11/02/43 | 1,392,976 | |||||||||||||
| 1,468,000 | Wells Fargo & Co | 5.606 | 01/15/44 | 1,981,978 | |||||||||||||
| 11 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 475,000 | Wells Fargo & Co | 4.650 | % | 11/04/44 | $ | 582,011 | ||||||||||
| 1,500,000 | Wells Fargo & Co | 3.900 | 05/01/45 | 1,745,684 | |||||||||||||
| 950,000 | Wells Fargo & Co | 4.900 | 11/17/45 | 1,202,910 | |||||||||||||
| 3,250,000 | Wells Fargo & Co | 4.400 | 06/14/46 | 3,862,584 | |||||||||||||
| 1,975,000 | Wells Fargo & Co | 4.750 | 12/07/46 | 2,473,511 | |||||||||||||
| 1,500,000 | Wells Fargo & Co | 5.013 | 04/04/51 | 2,013,040 | |||||||||||||
| 250,000 | Wells Fargo Bank NA | 6.600 | 01/15/38 | 363,364 | |||||||||||||
| 1,000,000 | Western Alliance Bancorp | 3.000 | 06/15/31 | 1,019,886 | |||||||||||||
| 300,000 | Westpac Banking Corp | 2.750 | 01/11/23 | 309,396 | |||||||||||||
| 1,150,000 | Westpac Banking Corp | 3.650 | 05/15/23 | 1,211,875 | |||||||||||||
| 750,000 | Westpac Banking Corp | 3.300 | 02/26/24 | 799,466 | |||||||||||||
| 2,000,000 | Westpac Banking Corp | 2.350 | 02/19/25 | 2,092,220 | |||||||||||||
| 1,000,000 | Westpac Banking Corp | 2.850 | 05/13/26 | 1,075,839 | |||||||||||||
| 2,000,000 | Westpac Banking Corp | 1.150 | 06/03/26 | 1,997,572 | |||||||||||||
| 675,000 | Westpac Banking Corp | 2.700 | 08/19/26 | 723,666 | |||||||||||||
| 850,000 | Westpac Banking Corp | 3.350 | 03/08/27 | 933,256 | |||||||||||||
| 725,000 | Westpac Banking Corp | 3.400 | 01/25/28 | 801,677 | |||||||||||||
| 1,000,000 | Westpac Banking Corp | 2.894 | 02/04/30 | 1,035,434 | |||||||||||||
| 1,500,000 | Westpac Banking Corp | 2.150 | 06/03/31 | 1,513,194 | |||||||||||||
| 950,000 | Westpac Banking Corp | 4.322 | 11/23/31 | 1,048,625 | |||||||||||||
| 600,000 | Westpac Banking Corp | 4.110 | 07/24/34 | 651,896 | |||||||||||||
| 2,350,000 | Westpac Banking Corp | 2.668 | 11/15/35 | 2,301,038 | |||||||||||||
| 900,000 | Westpac Banking Corp | 4.421 | 07/24/39 | 1,061,380 | |||||||||||||
| 225,000 | Westpac Banking Corp | 2.963 | 11/16/40 | 222,810 | |||||||||||||
| 400,000 | Zions Bancorp NA | 3.250 | 10/29/29 | 415,820 | |||||||||||||
| TOTAL BANKS | 894,225,888 | ||||||||||||||||
| CAPITAL GOODS - 1.5% | |||||||||||||||||
| 500,000 | 3M Co | 1.750 | 02/14/23 | 509,586 | |||||||||||||
| 300,000 | 3M Co | 2.250 | 03/15/23 | 307,919 | |||||||||||||
| 600,000 | 3M Co | 3.250 | 02/14/24 | 636,914 | |||||||||||||
| 1,000,000 | 3M Co | 2.000 | 02/14/25 | 1,034,583 | |||||||||||||
| 1,200,000 | 3M Co | 3.000 | 08/07/25 | 1,292,729 | |||||||||||||
| 675,000 | 3M Co | 2.875 | 10/15/27 | 731,065 | |||||||||||||
| 925,000 | 3M Co | 3.625 | 09/14/28 | 1,037,427 | |||||||||||||
| 500,000 | 3M Co | 3.375 | 03/01/29 | 550,622 | |||||||||||||
| 1,000,000 | 3M Co | 2.375 | 08/26/29 | 1,037,637 | |||||||||||||
| 200,000 | 3M Co | 3.125 | 09/19/46 | 207,656 | |||||||||||||
| 300,000 | 3M Co | 3.625 | 10/15/47 | 338,776 | |||||||||||||
| 1,150,000 | 3M Co | 4.000 | 09/14/48 | 1,377,450 | |||||||||||||
| 875,000 | e | 3M Co | 3.250 | 08/26/49 | 926,415 | ||||||||||||
| 820,000 | 3M Co | 3.700 | 04/15/50 | 936,416 | |||||||||||||
| 1,000,000 | Acuity Brands Lighting, Inc | 2.150 | 12/15/30 | 976,076 | |||||||||||||
| 575,000 | Air Lease Corp | 2.250 | 01/15/23 | 587,559 | |||||||||||||
| 200,000 | Air Lease Corp | 2.750 | 01/15/23 | 205,306 | |||||||||||||
| 750,000 | Air Lease Corp | 3.875 | 07/03/23 | 788,515 | |||||||||||||
| 2,000,000 | Air Lease Corp | 0.700 | 02/15/24 | 1,987,424 | |||||||||||||
| 750,000 | Air Lease Corp | 2.300 | 02/01/25 | 770,363 | |||||||||||||
| 750,000 | Air Lease Corp | 3.375 | 07/01/25 | 796,465 | |||||||||||||
| 1,000,000 | Air Lease Corp | 2.875 | 01/15/26 | 1,044,896 | |||||||||||||
| 1,000,000 | Air Lease Corp | 3.750 | 06/01/26 | 1,082,409 | |||||||||||||
| 1,500,000 | Air Lease Corp | 1.875 | 08/15/26 | 1,494,762 | |||||||||||||
| 500,000 | Air Lease Corp | 3.625 | 04/01/27 | 537,263 | |||||||||||||
| 200,000 | Air Lease Corp | 3.625 | 12/01/27 | 214,189 | |||||||||||||
| 12 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,000,000 | Air Lease Corp | 2.100 | % | 09/01/28 | $ | 1,941,656 | ||||||||||
| 300,000 | Air Lease Corp | 4.625 | 10/01/28 | 336,967 | |||||||||||||
| 500,000 | Air Lease Corp | 3.250 | 10/01/29 | 520,180 | |||||||||||||
| 750,000 | Air Lease Corp | 3.000 | 02/01/30 | 761,029 | |||||||||||||
| 500,000 | Air Lease Corp | 3.125 | 12/01/30 | 512,230 | |||||||||||||
| 200,000 | Aircastle Ltd | 4.400 | 09/25/23 | 212,974 | |||||||||||||
| 1,000,000 | Aircastle Ltd | 4.125 | 05/01/24 | 1,063,728 | |||||||||||||
| 500,000 | Aircastle Ltd | 4.250 | 06/15/26 | 546,585 | |||||||||||||
| 500,000 | Allegion plc | 3.500 | 10/01/29 | 540,932 | |||||||||||||
| 750,000 | Boeing Co | 2.800 | 03/01/23 | 770,541 | |||||||||||||
| 2,100,000 | Boeing Co | 4.508 | 05/01/23 | 2,218,570 | |||||||||||||
| 1,500,000 | Boeing Co | 1.950 | 02/01/24 | 1,535,109 | |||||||||||||
| 4,000,000 | Boeing Co | 1.433 | 02/04/24 | 4,005,980 | |||||||||||||
| 300,000 | Boeing Co | 2.800 | 03/01/24 | 312,068 | |||||||||||||
| 5,700,000 | Boeing Co | 4.875 | 05/01/25 | 6,343,593 | |||||||||||||
| 400,000 | Boeing Co | 2.600 | 10/30/25 | 413,620 | |||||||||||||
| 2,000,000 | Boeing Co | 2.750 | 02/01/26 | 2,083,277 | |||||||||||||
| 3,000,000 | Boeing Co | 2.196 | 02/04/26 | 3,022,115 | |||||||||||||
| 300,000 | Boeing Co | 3.100 | 05/01/26 | 317,092 | |||||||||||||
| 200,000 | Boeing Co | 2.250 | 06/15/26 | 203,292 | |||||||||||||
| 500,000 | Boeing Co | 2.700 | 02/01/27 | 517,504 | |||||||||||||
| 250,000 | Boeing Co | 2.800 | 03/01/27 | 260,303 | |||||||||||||
| 1,900,000 | Boeing Co | 5.040 | 05/01/27 | 2,185,618 | |||||||||||||
| 1,500,000 | Boeing Co | 3.250 | 02/01/28 | 1,584,431 | |||||||||||||
| 500,000 | Boeing Co | 3.250 | 03/01/28 | 523,312 | |||||||||||||
| 125,000 | Boeing Co | 3.450 | 11/01/28 | 132,766 | |||||||||||||
| 600,000 | Boeing Co | 3.200 | 03/01/29 | 624,361 | |||||||||||||
| 750,000 | Boeing Co | 2.950 | 02/01/30 | 764,702 | |||||||||||||
| 1,600,000 | Boeing Co | 5.150 | 05/01/30 | 1,877,904 | |||||||||||||
| 1,000,000 | Boeing Co | 3.625 | 02/01/31 | 1,070,509 | |||||||||||||
| 300,000 | Boeing Co | 3.600 | 05/01/34 | 313,477 | |||||||||||||
| 425,000 | Boeing Co | 3.250 | 02/01/35 | 424,961 | |||||||||||||
| 500,000 | Boeing Co | 3.550 | 03/01/38 | 507,854 | |||||||||||||
| 600,000 | Boeing Co | 3.500 | 03/01/39 | 601,437 | |||||||||||||
| 350,000 | Boeing Co | 5.875 | 02/15/40 | 441,172 | |||||||||||||
| 2,000,000 | Boeing Co | 5.705 | 05/01/40 | 2,541,511 | |||||||||||||
| 300,000 | Boeing Co | 3.375 | 06/15/46 | 284,945 | |||||||||||||
| 250,000 | Boeing Co | 3.650 | 03/01/47 | 244,301 | |||||||||||||
| 100,000 | Boeing Co | 3.625 | 03/01/48 | 98,174 | |||||||||||||
| 100,000 | Boeing Co | 3.850 | 11/01/48 | 101,893 | |||||||||||||
| 5,000,000 | Boeing Co | 5.805 | 05/01/50 | 6,664,852 | |||||||||||||
| 125,000 | Boeing Co | 3.825 | 03/01/59 | 122,620 | |||||||||||||
| 750,000 | Boeing Co | 3.950 | 08/01/59 | 769,723 | |||||||||||||
| 4,500,000 | Boeing Co | 5.930 | 05/01/60 | 6,147,338 | |||||||||||||
| 100,000 | Carlisle Cos, Inc | 3.750 | 11/15/22 | 102,803 | |||||||||||||
| 200,000 | Carlisle Cos, Inc | 3.500 | 12/01/24 | 214,078 | |||||||||||||
| 500,000 | Carlisle Cos, Inc | 3.750 | 12/01/27 | 551,686 | |||||||||||||
| 1,000,000 | Carlisle Cos, Inc | 2.750 | 03/01/30 | 1,031,529 | |||||||||||||
| 2,000,000 | Carlisle Cos, Inc | 2.200 | 03/01/32 | 1,941,740 | |||||||||||||
| 2,000,000 | Carrier Global Corp | 2.493 | 02/15/27 | 2,091,149 | |||||||||||||
| 1,100,000 | Carrier Global Corp | 2.722 | 02/15/30 | 1,138,017 | |||||||||||||
| 150,000 | Carrier Global Corp | 2.700 | 02/15/31 | 154,445 | |||||||||||||
| 2,000,000 | Carrier Global Corp | 3.377 | 04/05/40 | 2,098,518 | |||||||||||||
| 13 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 900,000 | Carrier Global Corp | 3.577 | % | 04/05/50 | $ | 956,200 | ||||||||||
| 2,000,000 | Caterpillar Financial Services Corp | 0.250 | 03/01/23 | 2,000,423 | |||||||||||||
| 300,000 | Caterpillar Financial Services Corp | 3.450 | 05/15/23 | 315,580 | |||||||||||||
| 1,250,000 | Caterpillar Financial Services Corp | 0.650 | 07/07/23 | 1,257,625 | |||||||||||||
| 1,000,000 | Caterpillar Financial Services Corp | 0.450 | 09/14/23 | 1,002,445 | |||||||||||||
| 1,000,000 | Caterpillar Financial Services Corp | 2.850 | 05/17/24 | 1,058,368 | |||||||||||||
| 1,000,000 | Caterpillar Financial Services Corp | 1.450 | 05/15/25 | 1,019,108 | |||||||||||||
| 1,000,000 | Caterpillar Financial Services Corp | 0.800 | 11/13/25 | 993,887 | |||||||||||||
| 3,000,000 | Caterpillar Financial Services Corp | 0.900 | 03/02/26 | 2,976,491 | |||||||||||||
| 500,000 | Caterpillar Financial Services Corp | 2.400 | 08/09/26 | 529,465 | |||||||||||||
| 2,000,000 | Caterpillar Financial Services Corp | 1.150 | 09/14/26 | 1,995,756 | |||||||||||||
| 1,000,000 | e | Caterpillar Financial Services Corp | 1.100 | 09/14/27 | 988,811 | ||||||||||||
| 2,775,000 | Caterpillar, Inc | 3.400 | 05/15/24 | 2,963,159 | |||||||||||||
| 500,000 | Caterpillar, Inc | 2.600 | 09/19/29 | 526,911 | |||||||||||||
| 1,500,000 | Caterpillar, Inc | 2.600 | 04/09/30 | 1,576,795 | |||||||||||||
| 1,000,000 | e | Caterpillar, Inc | 1.900 | 03/12/31 | 994,794 | ||||||||||||
| 225,000 | Caterpillar, Inc | 5.200 | 05/27/41 | 308,491 | |||||||||||||
| 2,363,000 | Caterpillar, Inc | 3.803 | 08/15/42 | 2,769,092 | |||||||||||||
| 300,000 | Caterpillar, Inc | 4.300 | 05/15/44 | 381,082 | |||||||||||||
| 750,000 | Caterpillar, Inc | 3.250 | 09/19/49 | 812,966 | |||||||||||||
| 750,000 | Caterpillar, Inc | 3.250 | 04/09/50 | 815,810 | |||||||||||||
| 225,000 | CNH Industrial Capital LLC | 1.950 | 07/02/23 | 229,990 | |||||||||||||
| 300,000 | CNH Industrial Capital LLC | 4.200 | 01/15/24 | 321,972 | |||||||||||||
| 1,000,000 | CNH Industrial Capital LLC | 1.875 | 01/15/26 | 1,013,471 | |||||||||||||
| 1,000,000 | CNH Industrial Capital LLC | 1.450 | 07/15/26 | 995,641 | |||||||||||||
| 500,000 | CNH Industrial NV | 3.850 | 11/15/27 | 557,549 | |||||||||||||
| 200,000 | Crane Co | 4.200 | 03/15/48 | 218,637 | |||||||||||||
| 200,000 | Cummins, Inc | 3.650 | 10/01/23 | 211,250 | |||||||||||||
| 500,000 | Cummins, Inc | 0.750 | 09/01/25 | 495,970 | |||||||||||||
| 1,000,000 | Cummins, Inc | 1.500 | 09/01/30 | 956,109 | |||||||||||||
| 200,000 | Cummins, Inc | 4.875 | 10/01/43 | 263,111 | |||||||||||||
| 750,000 | Cummins, Inc | 2.600 | 09/01/50 | 702,868 | |||||||||||||
| 218,000 | Deere & Co | 5.375 | 10/16/29 | 274,929 | |||||||||||||
| 500,000 | Deere & Co | 2.875 | 09/07/49 | 515,283 | |||||||||||||
| 1,000,000 | Deere & Co | 3.750 | 04/15/50 | 1,193,628 | |||||||||||||
| 825,000 | Dover Corp | 3.150 | 11/15/25 | 882,869 | |||||||||||||
| 100,000 | Dover Corp | 2.950 | 11/04/29 | 106,457 | |||||||||||||
| 100,000 | Dover Corp | 5.375 | 03/01/41 | 129,923 | |||||||||||||
| 2,200,000 | Eaton Corp | 2.750 | 11/02/22 | 2,256,804 | |||||||||||||
| 200,000 | Eaton Corp | 3.103 | 09/15/27 | 216,741 | |||||||||||||
| 150,000 | Eaton Corp | 4.000 | 11/02/32 | 174,261 | |||||||||||||
| 925,000 | Eaton Corp | 4.150 | 11/02/42 | 1,088,690 | |||||||||||||
| 200,000 | Eaton Corp | 3.915 | 09/15/47 | 228,603 | |||||||||||||
| 350,000 | Emerson Electric Co | 2.625 | 02/15/23 | 358,710 | |||||||||||||
| 200,000 | Emerson Electric Co | 3.150 | 06/01/25 | 214,812 | |||||||||||||
| 1,000,000 | Emerson Electric Co | 0.875 | 10/15/26 | 981,984 | |||||||||||||
| 500,000 | Emerson Electric Co | 1.800 | 10/15/27 | 509,684 | |||||||||||||
| 750,000 | Emerson Electric Co | 1.950 | 10/15/30 | 750,043 | |||||||||||||
| 200,000 | Emerson Electric Co | 5.250 | 11/15/39 | 267,090 | |||||||||||||
| 500,000 | Emerson Electric Co | 2.750 | 10/15/50 | 489,315 | |||||||||||||
| 150,000 | Flowserve Corp | 3.500 | 09/15/22 | 153,565 | |||||||||||||
| 200,000 | Flowserve Corp | 4.000 | 11/15/23 | 212,100 | |||||||||||||
| 500,000 | Flowserve Corp | 3.500 | 10/01/30 | 522,094 | |||||||||||||
| 1,000,000 | Flowserve Corp | 2.800 | 01/15/32 | 989,598 | |||||||||||||
| 14 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 875,000 | Fortive Corp | 3.150 | % | 06/15/26 | $ | 944,023 | ||||||||||
| 250,000 | Fortive Corp | 4.300 | 06/15/46 | 294,895 | |||||||||||||
| 600,000 | Fortune Brands Home & Security, Inc | 4.000 | 09/21/23 | 638,182 | |||||||||||||
| 200,000 | Fortune Brands Home & Security, Inc | 4.000 | 06/15/25 | 218,602 | |||||||||||||
| 1,000,000 | Fortune Brands Home & Security, Inc | 3.250 | 09/15/29 | 1,077,829 | |||||||||||||
| 200,000 | GATX Corp | 4.350 | 02/15/24 | 215,674 | |||||||||||||
| 500,000 | GATX Corp | 3.250 | 09/15/26 | 530,056 | |||||||||||||
| 200,000 | GATX Corp | 3.500 | 03/15/28 | 216,091 | |||||||||||||
| 200,000 | GATX Corp | 4.550 | 11/07/28 | 229,390 | |||||||||||||
| 425,000 | GATX Corp | 4.700 | 04/01/29 | 492,676 | |||||||||||||
| 500,000 | GATX Corp | 4.000 | 06/30/30 | 557,860 | |||||||||||||
| 1,000,000 | GATX Corp | 1.900 | 06/01/31 | 950,028 | |||||||||||||
| 225,000 | GATX Corp | 5.200 | 03/15/44 | 283,638 | |||||||||||||
| 1,000,000 | GATX Corp | 3.100 | 06/01/51 | 945,010 | |||||||||||||
| 325,000 | General Dynamics Corp | 2.250 | 11/15/22 | 330,474 | |||||||||||||
| 825,000 | General Dynamics Corp | 3.375 | 05/15/23 | 863,722 | |||||||||||||
| 300,000 | General Dynamics Corp | 1.875 | 08/15/23 | 308,006 | |||||||||||||
| 1,200,000 | General Dynamics Corp | 2.375 | 11/15/24 | 1,260,111 | |||||||||||||
| 975,000 | General Dynamics Corp | 3.500 | 05/15/25 | 1,058,257 | |||||||||||||
| 3,000,000 | e | General Dynamics Corp | 1.150 | 06/01/26 | 3,015,348 | ||||||||||||
| 750,000 | General Dynamics Corp | 3.750 | 05/15/28 | 842,863 | |||||||||||||
| 900,000 | General Dynamics Corp | 2.250 | 06/01/31 | 921,208 | |||||||||||||
| 2,000,000 | General Dynamics Corp | 2.850 | 06/01/41 | 2,039,326 | |||||||||||||
| 225,000 | General Dynamics Corp | 3.600 | 11/15/42 | 254,609 | |||||||||||||
| 1,950,000 | General Dynamics Corp | 4.250 | 04/01/50 | 2,465,269 | |||||||||||||
| 250,000 | General Electric Co | 3.375 | 03/11/24 | 265,719 | |||||||||||||
| 5,503,000 | General Electric Co | 3.450 | 05/15/24 | 5,852,737 | |||||||||||||
| 1,102,000 | General Electric Co | 6.750 | 03/15/32 | 1,507,401 | |||||||||||||
| 14,000 | General Electric Co | 6.875 | 01/10/39 | 20,864 | |||||||||||||
| 500,000 | Honeywell International, Inc | 3.350 | 12/01/23 | 530,393 | |||||||||||||
| 2,300,000 | Honeywell International, Inc | 1.350 | 06/01/25 | 2,337,647 | |||||||||||||
| 1,700,000 | Honeywell International, Inc | 2.500 | 11/01/26 | 1,805,111 | |||||||||||||
| 2,000,000 | Honeywell International, Inc | 1.100 | 03/01/27 | 1,984,551 | |||||||||||||
| 950,000 | Honeywell International, Inc | 1.950 | 06/01/30 | 951,109 | |||||||||||||
| 2,000,000 | Honeywell International, Inc | 1.750 | 09/01/31 | 1,949,060 | |||||||||||||
| 782,000 | Honeywell International, Inc | 3.812 | 11/21/47 | 924,133 | |||||||||||||
| 575,000 | e | Honeywell International, Inc | 2.800 | 06/01/50 | 582,009 | ||||||||||||
| 200,000 | Hubbell, Inc | 3.350 | 03/01/26 | 215,922 | |||||||||||||
| 500,000 | Hubbell, Inc | 3.150 | 08/15/27 | 533,035 | |||||||||||||
| 200,000 | Hubbell, Inc | 3.500 | 02/15/28 | 217,140 | |||||||||||||
| 1,000,000 | Hubbell, Inc | 2.300 | 03/15/31 | 1,003,517 | |||||||||||||
| 1,000,000 | g | Huntington Ingalls Industries, Inc | 0.670 | 08/16/23 | 999,690 | ||||||||||||
| 500,000 | Huntington Ingalls Industries, Inc | 3.844 | 05/01/25 | 541,534 | |||||||||||||
| 400,000 | Huntington Ingalls Industries, Inc | 3.483 | 12/01/27 | 431,700 | |||||||||||||
| 700,000 | g | Huntington Ingalls Industries, Inc | 2.043 | 08/16/28 | 690,542 | ||||||||||||
| 500,000 | Huntington Ingalls Industries, Inc | 4.200 | 05/01/30 | 564,358 | |||||||||||||
| 500,000 | IDEX Corp | 3.000 | 05/01/30 | 527,314 | |||||||||||||
| 1,000,000 | IDEX Corp | 2.625 | 06/15/31 | 1,017,476 | |||||||||||||
| 1,000,000 | Illinois Tool Works, Inc | 2.650 | 11/15/26 | 1,069,306 | |||||||||||||
| 200,000 | Illinois Tool Works, Inc | 4.875 | 09/15/41 | 259,382 | |||||||||||||
| 1,000,000 | Illinois Tool Works, Inc | 3.900 | 09/01/42 | 1,163,785 | |||||||||||||
| 300,000 | Ingersoll-Rand Global Holding Co Ltd | 4.250 | 06/15/23 | 318,594 | |||||||||||||
| 400,000 | Ingersoll-Rand Global Holding Co Ltd | 3.750 | 08/21/28 | 444,096 | |||||||||||||
| 15 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 200,000 | Ingersoll-Rand Global Holding Co Ltd | 5.750 | % | 06/15/43 | $ | 286,359 | ||||||||||
| 450,000 | Ingersoll-Rand Global Holding Co Ltd | 4.300 | 02/21/48 | 538,417 | |||||||||||||
| 600,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.550 | 11/01/24 | 644,677 | |||||||||||||
| 100,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.500 | 03/21/26 | 108,787 | |||||||||||||
| 1,000,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.800 | 03/21/29 | 1,118,299 | |||||||||||||
| 300,000 | Ingersoll-Rand Luxembourg Finance S.A. | 4.500 | 03/21/49 | 370,221 | |||||||||||||
| 200,000 | John Deere Capital Corp | 2.700 | 01/06/23 | 206,193 | |||||||||||||
| 1,425,000 | John Deere Capital Corp | 2.800 | 03/06/23 | 1,475,326 | |||||||||||||
| 250,000 | John Deere Capital Corp | 1.200 | 04/06/23 | 253,347 | |||||||||||||
| 300,000 | John Deere Capital Corp | 3.450 | 06/07/23 | 316,093 | |||||||||||||
| 1,000,000 | John Deere Capital Corp | 0.700 | 07/05/23 | 1,006,606 | |||||||||||||
| 1,000,000 | John Deere Capital Corp | 0.400 | 10/10/23 | 1,000,765 | |||||||||||||
| 200,000 | John Deere Capital Corp | 3.650 | 10/12/23 | 213,259 | |||||||||||||
| 750,000 | John Deere Capital Corp | 3.450 | 01/10/24 | 800,448 | |||||||||||||
| 500,000 | John Deere Capital Corp | 2.600 | 03/07/24 | 524,890 | |||||||||||||
| 3,000,000 | John Deere Capital Corp | 0.450 | 06/07/24 | 2,991,446 | |||||||||||||
| 850,000 | John Deere Capital Corp | 2.650 | 06/24/24 | 897,157 | |||||||||||||
| 500,000 | John Deere Capital Corp | 2.050 | 01/09/25 | 519,632 | |||||||||||||
| 125,000 | John Deere Capital Corp | 3.400 | 09/11/25 | 136,494 | |||||||||||||
| 1,000,000 | John Deere Capital Corp | 0.700 | 01/15/26 | 984,993 | |||||||||||||
| 500,000 | John Deere Capital Corp | 2.250 | 09/14/26 | 524,887 | |||||||||||||
| 250,000 | John Deere Capital Corp | 1.750 | 03/09/27 | 255,762 | |||||||||||||
| 200,000 | John Deere Capital Corp | 2.800 | 09/08/27 | 215,468 | |||||||||||||
| 200,000 | John Deere Capital Corp | 3.050 | 01/06/28 | 217,115 | |||||||||||||
| 2,000,000 | John Deere Capital Corp | 1.500 | 03/06/28 | 1,986,879 | |||||||||||||
| 500,000 | John Deere Capital Corp | 2.800 | 07/18/29 | 535,991 | |||||||||||||
| 500,000 | John Deere Capital Corp | 2.450 | 01/09/30 | 520,474 | |||||||||||||
| 1,000,000 | John Deere Capital Corp | 1.450 | 01/15/31 | 954,817 | |||||||||||||
| 2,000,000 | John Deere Capital Corp | 2.000 | 06/17/31 | 1,998,715 | |||||||||||||
| 474,000 | Johnson Controls International plc | 3.900 | 02/14/26 | 521,710 | |||||||||||||
| 2,325,000 | Johnson Controls International plc | 1.750 | 09/15/30 | 2,256,703 | |||||||||||||
| 207,000 | Johnson Controls International plc | 6.000 | 01/15/36 | 287,333 | |||||||||||||
| 35,000 | Johnson Controls International plc | 5.125 | 09/14/45 | 45,865 | |||||||||||||
| 300,000 | Johnson Controls International plc | 4.500 | 02/15/47 | 369,430 | |||||||||||||
| 280,000 | Johnson Controls International plc (Step Bond) | 3.625 | 07/02/24 | 298,767 | |||||||||||||
| 325,000 | Johnson Controls International plc (Step Bond) | 4.625 | 07/02/44 | 394,773 | |||||||||||||
| 72,000 | Johnson Controls International plc (Step Bond) | 4.950 | 07/02/64 | 95,127 | |||||||||||||
| 200,000 | Kennametal, Inc | 4.625 | 06/15/28 | 225,098 | |||||||||||||
| 1,000,000 | Kennametal, Inc | 2.800 | 03/01/31 | 1,009,327 | |||||||||||||
| 125,000 | KLA-Tencor Corp | 4.650 | 11/01/24 | 137,877 | |||||||||||||
| 300,000 | KLA-Tencor Corp | 4.100 | 03/15/29 | 341,421 | |||||||||||||
| 500,000 | KLA-Tencor Corp | 5.000 | 03/15/49 | 673,311 | |||||||||||||
| 475,000 | L3Harris Technologies, Inc | 3.850 | 06/15/23 | 500,463 | |||||||||||||
| 52,000 | L3Harris Technologies, Inc | 3.950 | 05/28/24 | 55,761 | |||||||||||||
| 600,000 | L3Harris Technologies, Inc | 3.850 | 12/15/26 | 663,488 | |||||||||||||
| 1,275,000 | L3Harris Technologies, Inc | 4.400 | 06/15/28 | 1,454,910 | |||||||||||||
| 625,000 | L3Harris Technologies, Inc | 4.400 | 06/15/28 | 713,191 | |||||||||||||
| 175,000 | L3Harris Technologies, Inc | 2.900 | 12/15/29 | 182,989 | |||||||||||||
| 1,000,000 | L3Harris Technologies, Inc | 1.800 | 01/15/31 | 964,988 | |||||||||||||
| 300,000 | L3Harris Technologies, Inc | 4.854 | 04/27/35 | 370,027 | |||||||||||||
| 600,000 | L3Harris Technologies, Inc | 5.054 | 04/27/45 | 783,598 | |||||||||||||
| 100,000 | Legrand France S.A. | 8.500 | 02/15/25 | 124,221 | |||||||||||||
| 100,000 | Lennox International, Inc | 3.000 | 11/15/23 | 104,502 | |||||||||||||
| 100,000 | Lennox International, Inc | 1.350 | 08/01/25 | 100,021 | |||||||||||||
| 16 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 100,000 | Lennox International, Inc | 1.700 | % | 08/01/27 | $ | 99,264 | ||||||||||
| 500,000 | Lockheed Martin Corp | 3.100 | 01/15/23 | 515,680 | |||||||||||||
| 300,000 | Lockheed Martin Corp | 2.900 | 03/01/25 | 319,126 | |||||||||||||
| 2,200,000 | Lockheed Martin Corp | 3.550 | 01/15/26 | 2,418,463 | |||||||||||||
| 150,000 | e | Lockheed Martin Corp | 1.850 | 06/15/30 | 149,259 | ||||||||||||
| 300,000 | Lockheed Martin Corp | 3.600 | 03/01/35 | 339,349 | |||||||||||||
| 500,000 | Lockheed Martin Corp | 4.500 | 05/15/36 | 619,449 | |||||||||||||
| 1,833,000 | Lockheed Martin Corp | 4.070 | 12/15/42 | 2,195,848 | |||||||||||||
| 275,000 | Lockheed Martin Corp | 3.800 | 03/01/45 | 318,985 | |||||||||||||
| 200,000 | Lockheed Martin Corp | 4.700 | 05/15/46 | 261,737 | |||||||||||||
| 1,150,000 | e | Lockheed Martin Corp | 2.800 | 06/15/50 | 1,136,965 | ||||||||||||
| 1,894,000 | Lockheed Martin Corp | 4.090 | 09/15/52 | 2,317,715 | |||||||||||||
| 200,000 | Masco Corp | 3.500 | 11/15/27 | 217,927 | |||||||||||||
| 200,000 | Masco Corp | 1.500 | 02/15/28 | 194,576 | |||||||||||||
| 500,000 | Masco Corp | 2.000 | 10/01/30 | 483,371 | |||||||||||||
| 550,000 | Masco Corp | 2.000 | 02/15/31 | 531,965 | |||||||||||||
| 700,000 | Masco Corp | 4.500 | 05/15/47 | 840,020 | |||||||||||||
| 1,000,000 | Masco Corp | 3.125 | 02/15/51 | 980,643 | |||||||||||||
| 400,000 | Northrop Grumman Corp | 3.250 | 08/01/23 | 419,955 | |||||||||||||
| 1,000,000 | Northrop Grumman Corp | 2.930 | 01/15/25 | 1,059,392 | |||||||||||||
| 300,000 | Northrop Grumman Corp | 3.200 | 02/01/27 | 326,063 | |||||||||||||
| 5,275,000 | Northrop Grumman Corp | 3.250 | 01/15/28 | 5,707,004 | |||||||||||||
| 425,000 | Northrop Grumman Corp | 4.400 | 05/01/30 | 498,398 | |||||||||||||
| 100,000 | Northrop Grumman Corp | 5.050 | 11/15/40 | 128,319 | |||||||||||||
| 700,000 | Northrop Grumman Corp | 4.750 | 06/01/43 | 891,101 | |||||||||||||
| 300,000 | Northrop Grumman Corp | 3.850 | 04/15/45 | 341,063 | |||||||||||||
| 2,450,000 | Northrop Grumman Corp | 4.030 | 10/15/47 | 2,868,269 | |||||||||||||
| 1,000,000 | Northrop Grumman Corp | 5.250 | 05/01/50 | 1,402,331 | |||||||||||||
| 100,000 | Oshkosh Corp | 3.100 | 03/01/30 | 105,108 | |||||||||||||
| 1,000,000 | Otis Worldwide Corp | 2.056 | 04/05/25 | 1,033,300 | |||||||||||||
| 1,000,000 | Otis Worldwide Corp | 2.293 | 04/05/27 | 1,038,807 | |||||||||||||
| 525,000 | Otis Worldwide Corp | 2.565 | 02/15/30 | 538,970 | |||||||||||||
| 500,000 | Otis Worldwide Corp | 3.112 | 02/15/40 | 512,500 | |||||||||||||
| 450,000 | Otis Worldwide Corp | 3.362 | 02/15/50 | 470,745 | |||||||||||||
| 200,000 | Parker-Hannifin Corp | 2.700 | 06/14/24 | 209,906 | |||||||||||||
| 300,000 | Parker-Hannifin Corp | 3.300 | 11/21/24 | 321,480 | |||||||||||||
| 650,000 | e | Parker-Hannifin Corp | 3.250 | 03/01/27 | 705,808 | ||||||||||||
| 1,825,000 | Parker-Hannifin Corp | 3.250 | 06/14/29 | 1,962,909 | |||||||||||||
| 200,000 | Parker-Hannifin Corp | 4.200 | 11/21/34 | 230,218 | |||||||||||||
| 200,000 | Parker-Hannifin Corp | 4.450 | 11/21/44 | 242,000 | |||||||||||||
| 750,000 | Parker-Hannifin Corp | 4.100 | 03/01/47 | 857,172 | |||||||||||||
| 225,000 | Parker-Hannifin Corp | 4.000 | 06/14/49 | 259,287 | |||||||||||||
| 1,150,000 | Precision Castparts Corp | 2.500 | 01/15/23 | 1,175,929 | |||||||||||||
| 775,000 | Precision Castparts Corp | 3.250 | 06/15/25 | 833,684 | |||||||||||||
| 400,000 | Precision Castparts Corp | 4.200 | 06/15/35 | 473,800 | |||||||||||||
| 100,000 | Precision Castparts Corp | 3.900 | 01/15/43 | 115,121 | |||||||||||||
| 1,000,000 | Quanta Services, Inc | 2.900 | 10/01/30 | 1,034,426 | |||||||||||||
| 600,000 | Quanta Services, Inc | 2.350 | 01/15/32 | 587,079 | |||||||||||||
| 1,000,000 | Quanta Services, Inc | 3.050 | 10/01/41 | 964,571 | |||||||||||||
| 52,000 | Raytheon Technologies Corp | 3.650 | 08/16/23 | 54,927 | |||||||||||||
| 500,000 | Raytheon Technologies Corp | 3.200 | 03/15/24 | 529,848 | |||||||||||||
| 300,000 | Raytheon Technologies Corp | 3.150 | 12/15/24 | 318,491 | |||||||||||||
| 1,325,000 | Raytheon Technologies Corp | 3.500 | 03/15/27 | 1,455,411 | |||||||||||||
| 17 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 200,000 | Raytheon Technologies Corp | 7.200 | % | 08/15/27 | $ | 260,504 | ||||||||||
| 2,550,000 | Raytheon Technologies Corp | 4.125 | 11/16/28 | 2,902,374 | |||||||||||||
| 4,500,000 | Raytheon Technologies Corp | 2.250 | 07/01/30 | 4,543,943 | |||||||||||||
| 1,500,000 | Raytheon Technologies Corp | 1.900 | 09/01/31 | 1,455,499 | |||||||||||||
| 100,000 | Raytheon Technologies Corp | 4.700 | 12/15/41 | 126,033 | |||||||||||||
| 2,150,000 | Raytheon Technologies Corp | 4.500 | 06/01/42 | 2,635,193 | |||||||||||||
| 125,000 | Raytheon Technologies Corp | 4.800 | 12/15/43 | 159,491 | |||||||||||||
| 150,000 | Raytheon Technologies Corp | 4.200 | 12/15/44 | 173,624 | |||||||||||||
| 700,000 | Raytheon Technologies Corp | 4.350 | 04/15/47 | 840,900 | |||||||||||||
| 2,000,000 | Raytheon Technologies Corp | 3.125 | 07/01/50 | 2,020,863 | |||||||||||||
| 1,000,000 | Raytheon Technologies Corp | 2.820 | 09/01/51 | 947,807 | |||||||||||||
| 400,000 | Rockwell Automation, Inc | 3.500 | 03/01/29 | 447,098 | |||||||||||||
| 150,000 | Rockwell Automation, Inc | 1.750 | 08/15/31 | 146,252 | |||||||||||||
| 400,000 | e | Rockwell Automation, Inc | 4.200 | 03/01/49 | 494,340 | ||||||||||||
| 1,000,000 | Rockwell Automation, Inc | 2.800 | 08/15/61 | 950,795 | |||||||||||||
| 500,000 | Roper Technologies, Inc | 3.650 | 09/15/23 | 529,701 | |||||||||||||
| 500,000 | Roper Technologies, Inc | 2.350 | 09/15/24 | 523,515 | |||||||||||||
| 750,000 | Roper Technologies, Inc | 1.000 | 09/15/25 | 745,993 | |||||||||||||
| 1,100,000 | Roper Technologies, Inc | 3.800 | 12/15/26 | 1,221,879 | |||||||||||||
| 750,000 | Roper Technologies, Inc | 1.400 | 09/15/27 | 740,653 | |||||||||||||
| 300,000 | Roper Technologies, Inc | 4.200 | 09/15/28 | 340,992 | |||||||||||||
| 500,000 | Roper Technologies, Inc | 2.950 | 09/15/29 | 530,360 | |||||||||||||
| 475,000 | Roper Technologies, Inc | 2.000 | 06/30/30 | 465,067 | |||||||||||||
| 750,000 | Roper Technologies, Inc | 1.750 | 02/15/31 | 715,187 | |||||||||||||
| 200,000 | Snap-on, Inc | 3.250 | 03/01/27 | 218,093 | |||||||||||||
| 200,000 | Snap-on, Inc | 4.100 | 03/01/48 | 243,426 | |||||||||||||
| 500,000 | Snap-on, Inc | 3.100 | 05/01/50 | 524,250 | |||||||||||||
| 500,000 | Stanley Black & Decker, Inc | 3.400 | 03/01/26 | 544,427 | |||||||||||||
| 300,000 | Stanley Black & Decker, Inc | 4.250 | 11/15/28 | 347,427 | |||||||||||||
| 1,000,000 | Stanley Black & Decker, Inc | 2.300 | 03/15/30 | 1,026,212 | |||||||||||||
| 100,000 | Stanley Black & Decker, Inc | 5.200 | 09/01/40 | 131,131 | |||||||||||||
| 425,000 | Stanley Black & Decker, Inc | 4.850 | 11/15/48 | 564,035 | |||||||||||||
| 1,500,000 | Stanley Black & Decker, Inc | 2.750 | 11/15/50 | 1,436,003 | |||||||||||||
| 450,000 | Stanley Black & Decker, Inc | 4.000 | 03/15/60 | 481,851 | |||||||||||||
| 2,000,000 | Teledyne Technologies, Inc | 1.600 | 04/01/26 | 2,014,531 | |||||||||||||
| 1,000,000 | Teledyne Technologies, Inc | 2.250 | 04/01/28 | 1,018,478 | |||||||||||||
| 1,000,000 | Teledyne Technologies, Inc | 2.750 | 04/01/31 | 1,022,998 | |||||||||||||
| 150,000 | Textron, Inc | 4.000 | 03/15/26 | 165,269 | |||||||||||||
| 500,000 | Textron, Inc | 3.650 | 03/15/27 | 548,215 | |||||||||||||
| 100,000 | Textron, Inc | 3.375 | 03/01/28 | 107,261 | |||||||||||||
| 750,000 | Textron, Inc | 3.900 | 09/17/29 | 831,172 | |||||||||||||
| 500,000 | Textron, Inc | 3.000 | 06/01/30 | 525,395 | |||||||||||||
| 300,000 | Textron, Inc | 2.450 | 03/15/31 | 300,604 | |||||||||||||
| 250,000 | Timken Co | 3.875 | 09/01/24 | 266,757 | |||||||||||||
| 200,000 | Timken Co | 4.500 | 12/15/28 | 223,134 | |||||||||||||
| 100,000 | Trimble, Inc | 4.150 | 06/15/23 | 105,428 | |||||||||||||
| 625,000 | Trimble, Inc | 4.900 | 06/15/28 | 722,688 | |||||||||||||
| 1,250,000 | United Technologies Corp | 3.950 | 08/16/25 | 1,376,638 | |||||||||||||
| 725,000 | United Technologies Corp | 3.125 | 05/04/27 | 787,841 | |||||||||||||
| 250,000 | United Technologies Corp | 6.125 | 07/15/38 | 351,946 | |||||||||||||
| 750,000 | United Technologies Corp | 4.450 | 11/16/38 | 908,125 | |||||||||||||
| 200,000 | United Technologies Corp | 5.700 | 04/15/40 | 273,420 | |||||||||||||
| 1,650,000 | United Technologies Corp | 4.150 | 05/15/45 | 1,941,160 | |||||||||||||
| 3,325,000 | United Technologies Corp | 4.625 | 11/16/48 | 4,218,373 | |||||||||||||
| 18 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 200,000 | Valmont Industries, Inc | 5.000 | % | 10/01/44 | $ | 246,322 | ||||||||||
| 200,000 | Valmont Industries, Inc | 5.250 | 10/01/54 | 249,707 | |||||||||||||
| 600,000 | Wabtec Corp | 4.400 | 03/15/24 | 645,043 | |||||||||||||
| 300,000 | Wabtec Corp | 3.450 | 11/15/26 | 321,029 | |||||||||||||
| 875,000 | Wabtec Corp | 4.950 | 09/15/28 | 1,007,037 | |||||||||||||
| 500,000 | Westinghouse Air Brake Technologies Corp | 3.200 | 06/15/25 | 530,560 | |||||||||||||
| 750,000 | WW Grainger, Inc | 1.850 | 02/15/25 | 773,020 | |||||||||||||
| 800,000 | WW Grainger, Inc | 4.600 | 06/15/45 | 1,023,871 | |||||||||||||
| 200,000 | WW Grainger, Inc | 3.750 | 05/15/46 | 228,901 | |||||||||||||
| 125,000 | WW Grainger, Inc | 4.200 | 05/15/47 | 154,170 | |||||||||||||
| 775,000 | Xylem, Inc | 3.250 | 11/01/26 | 840,901 | |||||||||||||
| 225,000 | Xylem, Inc | 1.950 | 01/30/28 | 226,371 | |||||||||||||
| 150,000 | Xylem, Inc | 2.250 | 01/30/31 | 150,119 | |||||||||||||
| 100,000 | Xylem, Inc | 4.375 | 11/01/46 | 118,789 | |||||||||||||
| TOTAL CAPITAL GOODS | 313,142,218 | ||||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.2% | |||||||||||||||||
| 750,000 | BayCare Health System, Inc | 3.831 | 11/15/50 | 894,106 | |||||||||||||
| 1,000,000 | g | CGI, Inc | 1.450 | 09/14/26 | 989,506 | ||||||||||||
| 1,000,000 | g | CGI, Inc | 2.300 | 09/14/31 | 971,549 | ||||||||||||
| 2,000,000 | Council Of Europe Development Bank | 0.875 | 09/22/26 | 1,979,979 | |||||||||||||
| 225,000 | g | Daimler Finance North America LLC | 3.650 | 02/22/24 | 240,004 | ||||||||||||
| 925,000 | e | Daimler Finance North America LLC | 8.500 | 01/18/31 | 1,400,291 | ||||||||||||
| 200,000 | Equifax, Inc | 3.300 | 12/15/22 | 205,376 | |||||||||||||
| 200,000 | Equifax, Inc | 3.950 | 06/15/23 | 210,913 | |||||||||||||
| 750,000 | Equifax, Inc | 2.600 | 12/01/24 | 787,023 | |||||||||||||
| 125,000 | Equifax, Inc | 2.600 | 12/15/25 | 131,064 | |||||||||||||
| 100,000 | Equifax, Inc | 3.100 | 05/15/30 | 105,727 | |||||||||||||
| 3,000,000 | Equifax, Inc | 2.350 | 09/15/31 | 2,953,317 | |||||||||||||
| 1,000,000 | Johnson Controls International plc | 2.000 | 09/16/31 | 973,856 | |||||||||||||
| 500,000 | Leidos, Inc | 2.950 | 05/15/23 | 516,815 | |||||||||||||
| 500,000 | Leidos, Inc | 3.625 | 05/15/25 | 539,090 | |||||||||||||
| 100,000 | Leidos, Inc | 4.375 | 05/15/30 | 112,961 | |||||||||||||
| 1,000,000 | Leidos, Inc | 2.300 | 02/15/31 | 977,050 | |||||||||||||
| 380,000 | MidMichigan Health | 3.409 | 06/01/50 | 409,082 | |||||||||||||
| 100,000 | Partners Healthcare System, Inc | 3.765 | 07/01/48 | 115,505 | |||||||||||||
| 750,000 | Partners Healthcare System, Inc | 3.192 | 07/01/49 | 792,931 | |||||||||||||
| 100,000 | Partners Healthcare System, Inc | 4.117 | 07/01/55 | 122,082 | |||||||||||||
| 1,000,000 | Partners Healthcare System, Inc | 3.342 | 07/01/60 | 1,069,186 | |||||||||||||
| 725,000 | RELX Capital, Inc | 3.500 | 03/16/23 | 755,419 | |||||||||||||
| 625,000 | RELX Capital, Inc | 4.000 | 03/18/29 | 703,343 | |||||||||||||
| 100,000 | RELX Capital, Inc | 3.000 | 05/22/30 | 106,161 | |||||||||||||
| 750,000 | Republic Services, Inc | 3.200 | 03/15/25 | 800,499 | |||||||||||||
| 275,000 | Republic Services, Inc | 0.875 | 11/15/25 | 270,930 | |||||||||||||
| 900,000 | Republic Services, Inc | 2.900 | 07/01/26 | 957,852 | |||||||||||||
| 100,000 | Republic Services, Inc | 3.375 | 11/15/27 | 109,141 | |||||||||||||
| 500,000 | Republic Services, Inc | 2.300 | 03/01/30 | 506,291 | |||||||||||||
| 1,000,000 | Republic Services, Inc | 1.450 | 02/15/31 | 937,067 | |||||||||||||
| 575,000 | Republic Services, Inc | 1.750 | 02/15/32 | 545,749 | |||||||||||||
| 1,000,000 | Republic Services, Inc | 3.050 | 03/01/50 | 1,016,916 | |||||||||||||
| 880,000 | Rockefeller Foundation | 2.492 | 10/01/50 | 858,637 | |||||||||||||
| 300,000 | Steelcase, Inc | 5.125 | 01/18/29 | 345,129 | |||||||||||||
| 600,000 | Thomson Reuters Corp | 4.300 | 11/23/23 | 641,643 | |||||||||||||
| 19 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,200,000 | Thomson Reuters Corp | 3.350 | % | 05/15/26 | $ | 1,295,664 | ||||||||||
| 145,000 | Thomson Reuters Corp | 5.850 | 04/15/40 | 198,393 | |||||||||||||
| 200,000 | Thomson Reuters Corp | 5.650 | 11/23/43 | 272,065 | |||||||||||||
| 500,000 | Verisk Analytics, Inc | 4.000 | 06/15/25 | 550,768 | |||||||||||||
| 850,000 | Verisk Analytics, Inc | 4.125 | 03/15/29 | 965,327 | |||||||||||||
| 300,000 | Verisk Analytics, Inc | 5.500 | 06/15/45 | 400,564 | |||||||||||||
| 200,000 | Verisk Analytics, Inc | 3.625 | 05/15/50 | 212,508 | |||||||||||||
| 750,000 | Waste Connections, Inc | 3.500 | 05/01/29 | 822,101 | |||||||||||||
| 500,000 | Waste Connections, Inc | 2.600 | 02/01/30 | 514,729 | |||||||||||||
| 700,000 | Waste Connections, Inc | 2.200 | 01/15/32 | 690,084 | |||||||||||||
| 500,000 | Waste Connections, Inc | 3.050 | 04/01/50 | 498,214 | |||||||||||||
| 575,000 | Waste Connections, Inc | 2.950 | 01/15/52 | 562,610 | |||||||||||||
| 100,000 | Waste Management, Inc | 2.400 | 05/15/23 | 102,909 | |||||||||||||
| 1,225,000 | Waste Management, Inc | 3.150 | 11/15/27 | 1,331,553 | |||||||||||||
| 500,000 | Waste Management, Inc | 1.150 | 03/15/28 | 481,463 | |||||||||||||
| 1,000,000 | Waste Management, Inc | 2.000 | 06/01/29 | 1,004,312 | |||||||||||||
| 1,000,000 | Waste Management, Inc | 1.500 | 03/15/31 | 939,531 | |||||||||||||
| 1,000,000 | Waste Management, Inc | 2.950 | 06/01/41 | 1,023,454 | |||||||||||||
| 250,000 | Waste Management, Inc | 2.500 | 11/15/50 | 231,267 | |||||||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 37,149,706 | ||||||||||||||||
| CONSUMER DURABLES & APPAREL - 0.1% | |||||||||||||||||
| 500,000 | Brunswick Corp | 0.850 | 08/18/24 | 500,046 | |||||||||||||
| 1,000,000 | Brunswick Corp | 2.400 | 08/18/31 | 966,880 | |||||||||||||
| 700,000 | Coach, Inc | 4.125 | 07/15/27 | 765,140 | |||||||||||||
| 750,000 | DR Horton, Inc | 2.500 | 10/15/24 | 785,676 | |||||||||||||
| 500,000 | DR Horton, Inc | 2.600 | 10/15/25 | 524,816 | |||||||||||||
| 1,000,000 | DR Horton, Inc | 1.300 | 10/15/26 | 988,732 | |||||||||||||
| 1,000,000 | DR Horton, Inc | 1.400 | 10/15/27 | 979,557 | |||||||||||||
| 750,000 | Hasbro, Inc | 3.550 | 11/19/26 | 816,440 | |||||||||||||
| 775,000 | Hasbro, Inc | 3.500 | 09/15/27 | 845,645 | |||||||||||||
| 1,000,000 | Hasbro, Inc | 3.900 | 11/19/29 | 1,104,559 | |||||||||||||
| 100,000 | Hasbro, Inc | 6.350 | 03/15/40 | 138,215 | |||||||||||||
| 200,000 | Hasbro, Inc | 5.100 | 05/15/44 | 241,602 | |||||||||||||
| 475,000 | Leggett & Platt, Inc | 3.500 | 11/15/27 | 508,796 | |||||||||||||
| 350,000 | Leggett & Platt, Inc | 4.400 | 03/15/29 | 397,996 | |||||||||||||
| 1,900,000 | Lennar Corp | 4.750 | 11/29/27 | 2,201,530 | |||||||||||||
| 500,000 | MDC Holdings, Inc | 3.966 | 08/06/61 | 478,885 | |||||||||||||
| 100,000 | Mohawk Industries, Inc | 3.850 | 02/01/23 | 103,700 | |||||||||||||
| 750,000 | Mohawk Industries, Inc | 3.625 | 05/15/30 | 817,013 | |||||||||||||
| 300,000 | NIKE, Inc | 2.250 | 05/01/23 | 307,907 | |||||||||||||
| 650,000 | NIKE, Inc | 2.375 | 11/01/26 | 687,202 | |||||||||||||
| 300,000 | NIKE, Inc | 3.625 | 05/01/43 | 344,590 | |||||||||||||
| 825,000 | NIKE, Inc | 3.875 | 11/01/45 | 979,069 | |||||||||||||
| 200,000 | NIKE, Inc | 3.375 | 11/01/46 | 221,468 | |||||||||||||
| 2,440,000 | NIKE, Inc | 3.375 | 03/27/50 | 2,722,523 | |||||||||||||
| 1,000,000 | NVR, Inc | 3.000 | 05/15/30 | 1,046,488 | |||||||||||||
| 200,000 | Ralph Lauren Corp | 3.750 | 09/15/25 | 219,185 | |||||||||||||
| 1,000,000 | Ralph Lauren Corp | 2.950 | 06/15/30 | 1,055,782 | |||||||||||||
| 400,000 | VF Corp | 2.400 | 04/23/25 | 416,819 | |||||||||||||
| 1,000,000 | VF Corp | 2.800 | 04/23/27 | 1,061,962 | |||||||||||||
| 200,000 | VF Corp | 2.950 | 04/23/30 | 210,525 | |||||||||||||
| 100,000 | Whirlpool Corp | 3.700 | 03/01/23 | 104,453 | |||||||||||||
| 100,000 | Whirlpool Corp | 4.000 | 03/01/24 | 107,639 | |||||||||||||
| 20 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 925,000 | Whirlpool Corp | 4.750 | % | 02/26/29 | $ | 1,082,680 | ||||||||||
| 500,000 | Whirlpool Corp | 2.400 | 05/15/31 | 499,907 | |||||||||||||
| 200,000 | Whirlpool Corp | 4.500 | 06/01/46 | 238,454 | |||||||||||||
| 775,000 | Whirlpool Corp | 4.600 | 05/15/50 | 952,068 | |||||||||||||
| TOTAL CONSUMER DURABLES & APPAREL | 25,423,949 | ||||||||||||||||
| CONSUMER SERVICES - 0.6% | |||||||||||||||||
| 14,500,000 | Anheuser-Busch Cos LLC | 3.650 | 02/01/26 | 15,903,915 | |||||||||||||
| 3,150,000 | Anheuser-Busch Cos LLC | 4.700 | 02/01/36 | 3,806,588 | |||||||||||||
| 11,375,000 | Anheuser-Busch Cos LLC | 4.900 | 02/01/46 | 13,982,319 | |||||||||||||
| 200,000 | Block Financial LLC | 5.500 | 11/01/22 | 205,477 | |||||||||||||
| 200,000 | Block Financial LLC | 5.250 | 10/01/25 | 225,450 | |||||||||||||
| 1,000,000 | Block Financial LLC | 2.500 | 07/15/28 | 1,014,169 | |||||||||||||
| 750,000 | Block Financial LLC | 3.875 | 08/15/30 | 815,664 | |||||||||||||
| 300,000 | Board of Trustees of The Leland Stanford Junior University | 3.647 | 05/01/48 | 358,946 | |||||||||||||
| 1,100,000 | Booking Holdings, Inc | 4.625 | 04/13/30 | 1,307,505 | |||||||||||||
| 1,000,000 | California Endowment | 2.498 | 04/01/51 | 962,669 | |||||||||||||
| 100,000 | Children’s Hospital Corp | 4.115 | 01/01/47 | 125,507 | |||||||||||||
| 1,000,000 | Children’s Hospital Corp | 2.585 | 02/01/50 | 951,173 | |||||||||||||
| 500,000 | Choice Hotels International, Inc | 3.700 | 12/01/29 | 531,830 | |||||||||||||
| 675,000 | Cintas Corp No 2 | 3.700 | 04/01/27 | 753,373 | |||||||||||||
| 500,000 | CommonSpirit Health | 2.950 | 11/01/22 | 513,318 | |||||||||||||
| 750,000 | CommonSpirit Health | 2.760 | 10/01/24 | 789,146 | |||||||||||||
| 1,000,000 | CommonSpirit Health | 3.347 | 10/01/29 | 1,075,120 | |||||||||||||
| 1,000,000 | CommonSpirit Health | 2.782 | 10/01/30 | 1,029,763 | |||||||||||||
| 300,000 | CommonSpirit Health | 4.350 | 11/01/42 | 344,302 | |||||||||||||
| 750,000 | CommonSpirit Health | 3.817 | 10/01/49 | 833,757 | |||||||||||||
| 715,000 | CommonSpirit Health | 4.187 | 10/01/49 | 816,495 | |||||||||||||
| 500,000 | CommonSpirit Health | 3.910 | 10/01/50 | 546,227 | |||||||||||||
| 200,000 | Darden Restaurants, Inc | 3.850 | 05/01/27 | 221,858 | |||||||||||||
| 300,000 | Darden Restaurants, Inc | 4.550 | 02/15/48 | 346,363 | |||||||||||||
| 500,000 | Emory University | 2.143 | 09/01/30 | 510,204 | |||||||||||||
| 500,000 | Emory University | 2.969 | 09/01/50 | 519,746 | |||||||||||||
| 500,000 | Expedia Group, Inc | 3.600 | 12/15/23 | 529,242 | |||||||||||||
| 300,000 | Expedia Group, Inc | 4.500 | 08/15/24 | 326,074 | |||||||||||||
| 1,200,000 | Expedia Group, Inc | 5.000 | 02/15/26 | 1,355,110 | |||||||||||||
| 750,000 | Expedia Group, Inc | 4.625 | 08/01/27 | 850,260 | |||||||||||||
| 175,000 | Expedia Group, Inc | 3.800 | 02/15/28 | 189,932 | |||||||||||||
| 750,000 | Expedia Group, Inc | 3.250 | 02/15/30 | 775,654 | |||||||||||||
| 1,000,000 | Expedia Group, Inc | 2.950 | 03/15/31 | 1,010,560 | |||||||||||||
| 200,000 | Hyatt Hotels Corp | 3.375 | 07/15/23 | 207,564 | |||||||||||||
| 1,000,000 | Hyatt Hotels Corp | 1.800 | 10/01/24 | 1,002,120 | |||||||||||||
| 100,000 | Hyatt Hotels Corp | 5.375 | 04/23/25 | 111,694 | |||||||||||||
| 100,000 | Hyatt Hotels Corp | 4.850 | 03/15/26 | 110,619 | |||||||||||||
| 200,000 | Hyatt Hotels Corp | 4.375 | 09/15/28 | 218,316 | |||||||||||||
| 1,100,000 | Hyatt Hotels Corp | 5.750 | 04/23/30 | 1,320,477 | |||||||||||||
| 750,000 | Johns Hopkins University | 2.813 | 01/01/60 | 763,262 | |||||||||||||
| 1,000,000 | Las Vegas Sands Corp | 3.200 | 08/08/24 | 1,026,749 | |||||||||||||
| 500,000 | Las Vegas Sands Corp | 2.900 | 06/25/25 | 502,699 | |||||||||||||
| 625,000 | Las Vegas Sands Corp | 3.500 | 08/18/26 | 638,405 | |||||||||||||
| 750,000 | e | Las Vegas Sands Corp | 3.900 | 08/08/29 | 764,486 | ||||||||||||
| 500,000 | Leland Stanford Junior University | 1.289 | 06/01/27 | 501,592 | |||||||||||||
| 21 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | Leland Stanford Junior University | 2.413 | % | 06/01/50 | $ | 963,210 | ||||||||||
| 300,000 | Marriott International, Inc | 4.150 | 12/01/23 | 319,976 | |||||||||||||
| 300,000 | Marriott International, Inc | 3.600 | 04/15/24 | 319,642 | |||||||||||||
| 14,000 | Marriott International, Inc | 5.750 | 05/01/25 | 16,010 | |||||||||||||
| 1,250,000 | Marriott International, Inc | 4.000 | 04/15/28 | 1,373,119 | |||||||||||||
| 300,000 | Marriott International, Inc | 4.650 | 12/01/28 | 341,406 | |||||||||||||
| 400,000 | Marriott International, Inc | 4.625 | 06/15/30 | 456,985 | |||||||||||||
| 1,000,000 | Marriott International, Inc | 2.850 | 04/15/31 | 1,012,782 | |||||||||||||
| 1,500,000 | Marriott International, Inc | 3.500 | 10/15/32 | 1,593,666 | |||||||||||||
| 2,000,000 | Marriott International, Inc | 2.750 | 10/15/33 | 1,955,542 | |||||||||||||
| 1,500,000 | Massachusetts Institute of Technology | 2.989 | 07/01/50 | 1,619,863 | |||||||||||||
| 1,000,000 | Massachusetts Institute of Technology | 2.294 | 07/01/51 | 929,876 | |||||||||||||
| 750,000 | Massachusetts Institute of Technology | 5.600 | 07/01/11 | 1,292,338 | |||||||||||||
| 200,000 | Massachusetts Institute of Technology | 4.678 | 07/01/14 | 290,147 | |||||||||||||
| 300,000 | Massachusetts Institute of Technology | 3.885 | 07/01/16 | 362,992 | |||||||||||||
| 650,000 | McDonald’s Corp | 3.350 | 04/01/23 | 677,021 | |||||||||||||
| 150,000 | McDonald’s Corp | 1.450 | 09/01/25 | 152,231 | |||||||||||||
| 2,950,000 | McDonald’s Corp | 3.700 | 01/30/26 | 3,243,252 | |||||||||||||
| 300,000 | McDonald’s Corp | 3.500 | 03/01/27 | 329,656 | |||||||||||||
| 775,000 | McDonald’s Corp | 3.800 | 04/01/28 | 866,147 | |||||||||||||
| 1,250,000 | McDonald’s Corp | 2.625 | 09/01/29 | 1,303,743 | |||||||||||||
| 500,000 | McDonald’s Corp | 2.125 | 03/01/30 | 504,661 | |||||||||||||
| 2,225,000 | McDonald’s Corp | 4.700 | 12/09/35 | 2,747,114 | |||||||||||||
| 250,000 | McDonald’s Corp | 6.300 | 10/15/37 | 357,804 | |||||||||||||
| 100,000 | McDonald’s Corp | 6.300 | 03/01/38 | 142,863 | |||||||||||||
| 250,000 | McDonald’s Corp | 4.600 | 05/26/45 | 307,297 | |||||||||||||
| 1,275,000 | McDonald’s Corp | 4.875 | 12/09/45 | 1,621,100 | |||||||||||||
| 725,000 | McDonald’s Corp | 4.450 | 03/01/47 | 884,408 | |||||||||||||
| 625,000 | McDonald’s Corp | 4.450 | 09/01/48 | 767,416 | |||||||||||||
| 1,825,000 | McDonald’s Corp | 3.625 | 09/01/49 | 1,989,943 | |||||||||||||
| 1,350,000 | McDonald’s Corp | 4.200 | 04/01/50 | 1,609,392 | |||||||||||||
| 750,000 | Northeastern University | 2.894 | 10/01/50 | 756,595 | |||||||||||||
| 200,000 | Northwestern University | 3.868 | 12/01/48 | 236,398 | |||||||||||||
| 750,000 | Northwestern University | 2.640 | 12/01/50 | 748,661 | |||||||||||||
| 200,000 | Northwestern University | 3.662 | 12/01/57 | 242,782 | |||||||||||||
| 1,000,000 | Novant Health, Inc | 2.637 | 11/01/36 | 1,011,225 | |||||||||||||
| 1,000,000 | Novant Health, Inc | 3.318 | 11/01/61 | 1,053,815 | |||||||||||||
| 1,000,000 | President & Fellows of Harvard College | 2.517 | 10/15/50 | 985,539 | |||||||||||||
| 750,000 | President and Fellows of Harvard College | 3.619 | 10/01/37 | 863,928 | |||||||||||||
| 200,000 | President and Fellows of Harvard College | 3.150 | 07/15/46 | 220,429 | |||||||||||||
| 200,000 | President and Fellows of Harvard College | 3.300 | 07/15/56 | 227,354 | |||||||||||||
| 2,800,000 | Sands China Ltd | 5.125 | 08/08/25 | 3,014,928 | |||||||||||||
| 1,100,000 | Sands China Ltd | 5.400 | 08/08/28 | 1,214,796 | |||||||||||||
| 525,000 | Starbucks Corp | 3.850 | 10/01/23 | 555,933 | |||||||||||||
| 175,000 | Starbucks Corp | 2.450 | 06/15/26 | 183,885 | |||||||||||||
| 500,000 | Starbucks Corp | 2.000 | 03/12/27 | 512,985 | |||||||||||||
| 750,000 | Starbucks Corp | 3.500 | 03/01/28 | 823,673 | |||||||||||||
| 650,000 | Starbucks Corp | 4.000 | 11/15/28 | 738,789 | |||||||||||||
| 750,000 | Starbucks Corp | 3.550 | 08/15/29 | 830,887 | |||||||||||||
| 500,000 | Starbucks Corp | 2.250 | 03/12/30 | 504,040 | |||||||||||||
| 1,500,000 | Starbucks Corp | 2.550 | 11/15/30 | 1,540,797 | |||||||||||||
| 200,000 | Starbucks Corp | 4.300 | 06/15/45 | 234,006 | |||||||||||||
| 200,000 | Starbucks Corp | 3.750 | 12/01/47 | 217,660 | |||||||||||||
| 650,000 | Starbucks Corp | 4.500 | 11/15/48 | 795,819 | |||||||||||||
| 22 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | Starbucks Corp | 4.450 | % | 08/15/49 | $ | 1,222,701 | ||||||||||
| 500,000 | Starbucks Corp | 3.350 | 03/12/50 | 519,393 | |||||||||||||
| 1,000,000 | Starbucks Corp | 3.500 | 11/15/50 | 1,061,571 | |||||||||||||
| 200,000 | Trinity Acquisition plc | 4.400 | 03/15/26 | 223,460 | |||||||||||||
| 500,000 | Trustees of Boston College | 3.129 | 07/01/52 | 523,820 | |||||||||||||
| 100,000 | Trustees of Boston University | 4.061 | 10/01/48 | 121,476 | |||||||||||||
| 1,000,000 | Trustees of Princeton University | 2.516 | 07/01/50 | 987,676 | |||||||||||||
| 1,000,000 | University of Chicago | 3.000 | 10/01/52 | 1,041,943 | |||||||||||||
| 1,000,000 | University of Southern California | 2.945 | 10/01/51 | 1,046,610 | |||||||||||||
| 1,000,000 | University of Southern California | 3.226 | 10/01/20 | 1,008,607 | |||||||||||||
| 200,000 | Wesleyan University | 4.781 | 07/01/16 | 267,614 | |||||||||||||
| 500,000 | Yale University | 0.873 | 04/15/25 | 501,777 | |||||||||||||
| 750,000 | Yale University | 1.482 | 04/15/30 | 737,891 | |||||||||||||
| 750,000 | Yale University | 2.402 | 04/15/50 | 722,412 | |||||||||||||
| TOTAL CONSUMER SERVICES | 118,549,176 | ||||||||||||||||
| DIVERSIFIED FINANCIALS - 2.5% | |||||||||||||||||
| 200,000 | AerCap Ireland Capital DAC | 3.300 | 01/23/23 | 206,079 | |||||||||||||
| 300,000 | AerCap Ireland Capital DAC | 4.125 | 07/03/23 | 315,593 | |||||||||||||
| 1,500,000 | AerCap Ireland Capital DAC | 4.500 | 09/15/23 | 1,598,113 | |||||||||||||
| 600,000 | AerCap Ireland Capital DAC | 4.875 | 01/16/24 | 648,288 | |||||||||||||
| 1,000,000 | AerCap Ireland Capital DAC | 3.150 | 02/15/24 | 1,042,753 | |||||||||||||
| 750,000 | AerCap Ireland Capital DAC | 2.875 | 08/14/24 | 781,363 | |||||||||||||
| 1,675,000 | AerCap Ireland Capital DAC | 3.500 | 01/15/25 | 1,762,452 | |||||||||||||
| 300,000 | AerCap Ireland Capital DAC | 4.450 | 10/01/25 | 327,910 | |||||||||||||
| 500,000 | AerCap Ireland Capital DAC | 1.750 | 01/30/26 | 494,892 | |||||||||||||
| 500,000 | AerCap Ireland Capital DAC | 4.450 | 04/03/26 | 544,619 | |||||||||||||
| 250,000 | AerCap Ireland Capital DAC | 3.650 | 07/21/27 | 265,557 | |||||||||||||
| 1,000,000 | AerCap Ireland Capital DAC | 4.625 | 10/15/27 | 1,114,993 | |||||||||||||
| 200,000 | AerCap Ireland Capital DAC | 3.875 | 01/23/28 | 214,723 | |||||||||||||
| 200,000 | Affiliated Managers Group, Inc | 4.250 | 02/15/24 | 216,361 | |||||||||||||
| 1,000,000 | Affiliated Managers Group, Inc | 3.300 | 06/15/30 | 1,069,662 | |||||||||||||
| 20,000 | Ahold Finance USA LLC | 6.875 | 05/01/29 | 26,417 | |||||||||||||
| 1,000,000 | Ally Financial, Inc | 3.050 | 06/05/23 | 1,037,426 | |||||||||||||
| 2,000,000 | Ally Financial, Inc | 1.450 | 10/02/23 | 2,029,540 | |||||||||||||
| 500,000 | Ally Financial, Inc | 5.800 | 05/01/25 | 575,171 | |||||||||||||
| 2,000,000 | Ally Financial, Inc | 8.000 | 11/01/31 | 2,884,657 | |||||||||||||
| 175,000 | American Express Co | 2.650 | 12/02/22 | 179,737 | |||||||||||||
| 5,000,000 | American Express Co | 3.400 | 02/27/23 | 5,198,346 | |||||||||||||
| 2,000,000 | American Express Co | 3.700 | 08/03/23 | 2,115,111 | |||||||||||||
| 750,000 | American Express Co | 3.000 | 10/30/24 | 800,551 | |||||||||||||
| 1,000,000 | American Express Co | 4.200 | 11/06/25 | 1,124,341 | |||||||||||||
| 2,500,000 | American Express Co | 3.125 | 05/20/26 | 2,707,434 | |||||||||||||
| 525,000 | American Express Co | 4.050 | 12/03/42 | 626,770 | |||||||||||||
| 325,000 | American Honda Finance Corp | 2.050 | 01/10/23 | 331,976 | |||||||||||||
| 1,250,000 | American Honda Finance Corp | 0.875 | 07/07/23 | 1,259,772 | |||||||||||||
| 300,000 | American Honda Finance Corp | 3.450 | 07/14/23 | 315,754 | |||||||||||||
| 750,000 | American Honda Finance Corp | 0.650 | 09/08/23 | 752,869 | |||||||||||||
| 500,000 | American Honda Finance Corp | 3.625 | 10/10/23 | 531,274 | |||||||||||||
| 300,000 | American Honda Finance Corp | 3.550 | 01/12/24 | 319,357 | |||||||||||||
| 200,000 | American Honda Finance Corp | 2.900 | 02/16/24 | 210,570 | |||||||||||||
| 1,000,000 | American Honda Finance Corp | 2.400 | 06/27/24 | 1,043,768 | |||||||||||||
| 1,000,000 | American Honda Finance Corp | 0.550 | 07/12/24 | 994,287 | |||||||||||||
| 23 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 500,000 | American Honda Finance Corp | 2.150 | % | 09/10/24 | $ | 520,110 | ||||||||||
| 1,000,000 | American Honda Finance Corp | 1.200 | 07/08/25 | 1,005,470 | |||||||||||||
| 750,000 | American Honda Finance Corp | 1.000 | 09/10/25 | 746,241 | |||||||||||||
| 3,000,000 | American Honda Finance Corp | 1.300 | 09/09/26 | 2,996,077 | |||||||||||||
| 100,000 | American Honda Finance Corp | 2.300 | 09/09/26 | 104,696 | |||||||||||||
| 1,000,000 | American Honda Finance Corp | 2.350 | 01/08/27 | 1,044,461 | |||||||||||||
| 500,000 | American Honda Finance Corp | 3.500 | 02/15/28 | 552,071 | |||||||||||||
| 1,500,000 | American Honda Finance Corp | 1.800 | 01/13/31 | 1,469,274 | |||||||||||||
| 875,000 | Ameriprise Financial, Inc | 4.000 | 10/15/23 | 935,636 | |||||||||||||
| 300,000 | Ameriprise Financial, Inc | 3.700 | 10/15/24 | 326,527 | |||||||||||||
| 125,000 | Ameriprise Financial, Inc | 3.000 | 04/02/25 | 132,788 | |||||||||||||
| 200,000 | Ameriprise Financial, Inc | 2.875 | 09/15/26 | 213,811 | |||||||||||||
| 1,000,000 | Andrew W Mellon Foundation | 0.947 | 08/01/27 | 982,814 | |||||||||||||
| 600,000 | Ares Capital Corp | 3.500 | 02/10/23 | 620,548 | |||||||||||||
| 850,000 | Ares Capital Corp | 4.200 | 06/10/24 | 911,565 | |||||||||||||
| 500,000 | Ares Capital Corp | 4.250 | 03/01/25 | 536,655 | |||||||||||||
| 500,000 | Ares Capital Corp | 3.250 | 07/15/25 | 525,916 | |||||||||||||
| 1,200,000 | Ares Capital Corp | 3.875 | 01/15/26 | 1,283,314 | |||||||||||||
| 1,500,000 | Ares Capital Corp | 2.150 | 07/15/26 | 1,503,990 | |||||||||||||
| 1,500,000 | Ares Capital Corp | 2.875 | 06/15/28 | 1,519,528 | |||||||||||||
| 227,000 | AXA Equitable Holdings, Inc | 3.900 | 04/20/23 | 238,133 | |||||||||||||
| 1,375,000 | AXA Equitable Holdings, Inc | 4.350 | 04/20/28 | 1,567,103 | |||||||||||||
| 975,000 | AXA Equitable Holdings, Inc | 5.000 | 04/20/48 | 1,242,086 | |||||||||||||
| 2,000,000 | Bank of ,NV Scotia | 1.050 | 03/02/26 | 1,977,456 | |||||||||||||
| 3,000,000 | Bank of ,NV Scotia | 1.300 | 09/15/26 | 2,977,953 | |||||||||||||
| 1,500,000 | Bank of Montreal | 1.250 | 09/15/26 | 1,488,767 | |||||||||||||
| 750,000 | Bank of New York Mellon Corp | 1.850 | 01/27/23 | 764,295 | |||||||||||||
| 2,625,000 | Bank of New York Mellon Corp | 2.950 | 01/29/23 | 2,711,520 | |||||||||||||
| 1,025,000 | Bank of New York Mellon Corp | 3.500 | 04/28/23 | 1,075,686 | |||||||||||||
| 825,000 | Bank of New York Mellon Corp | 2.200 | 08/16/23 | 851,760 | |||||||||||||
| 1,000,000 | Bank of New York Mellon Corp | 0.350 | 12/07/23 | 999,008 | |||||||||||||
| 350,000 | Bank of New York Mellon Corp | 3.650 | 02/04/24 | 373,927 | |||||||||||||
| 800,000 | Bank of New York Mellon Corp | 3.250 | 09/11/24 | 857,583 | |||||||||||||
| 1,750,000 | Bank of New York Mellon Corp | 2.100 | 10/24/24 | 1,823,303 | |||||||||||||
| 500,000 | Bank of New York Mellon Corp | 3.000 | 02/24/25 | 534,043 | |||||||||||||
| 725,000 | Bank of New York Mellon Corp | 1.600 | 04/24/25 | 741,091 | |||||||||||||
| 1,500,000 | Bank of New York Mellon Corp | 0.750 | 01/28/26 | 1,479,414 | |||||||||||||
| 500,000 | Bank of New York Mellon Corp | 2.800 | 05/04/26 | 534,762 | |||||||||||||
| 500,000 | Bank of New York Mellon Corp | 2.450 | 08/17/26 | 528,662 | |||||||||||||
| 300,000 | Bank of New York Mellon Corp | 3.250 | 05/16/27 | 327,846 | |||||||||||||
| 1,000,000 | Bank of New York Mellon Corp | 3.400 | 01/29/28 | 1,100,190 | |||||||||||||
| 600,000 | Bank of New York Mellon Corp | 3.850 | 04/28/28 | 682,121 | |||||||||||||
| 2,000,000 | Bank of New York Mellon Corp | 1.650 | 07/14/28 | 1,997,985 | |||||||||||||
| 400,000 | Bank of New York Mellon Corp | 3.300 | 08/23/29 | 438,232 | |||||||||||||
| 1,500,000 | Bank of New York Mellon Corp | 1.650 | 01/28/31 | 1,461,191 | |||||||||||||
| 1,000,000 | Bank of New York Mellon Corp | 1.800 | 07/28/31 | 977,458 | |||||||||||||
| 1,325,000 | Berkshire Hathaway, Inc | 2.750 | 03/15/23 | 1,366,305 | |||||||||||||
| 2,400,000 | Berkshire Hathaway, Inc | 3.125 | 03/15/26 | 2,604,649 | |||||||||||||
| 800,000 | Berkshire Hathaway, Inc | 4.500 | 02/11/43 | 1,005,304 | |||||||||||||
| 250,000 | BGC Partners, Inc | 5.375 | 07/24/23 | 268,486 | |||||||||||||
| 500,000 | BGC Partners, Inc | 3.750 | 10/01/24 | 530,144 | |||||||||||||
| 1,000,000 | BlackRock TCP Capital Corp | 2.850 | 02/09/26 | 1,022,784 | |||||||||||||
| 500,000 | BlackRock, Inc | 3.500 | 03/18/24 | 535,923 | |||||||||||||
| 850,000 | BlackRock, Inc | 3.250 | 04/30/29 | 933,248 | |||||||||||||
| 24 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,450,000 | BlackRock, Inc | 1.900 | % | 01/28/31 | $ | 1,449,343 | ||||||||||
| 1,025,000 | BPCE S.A. | 4.000 | 04/15/24 | 1,109,914 | |||||||||||||
| 300,000 | BPCE S.A. | 3.375 | 12/02/26 | 326,509 | |||||||||||||
| 300,000 | Brookfield Asset Management, Inc | 4.000 | 01/15/25 | 325,937 | |||||||||||||
| 1,000,000 | Brookfield Finance LLC | 3.450 | 04/15/50 | 1,031,473 | |||||||||||||
| 550,000 | Brookfield Finance, Inc | 4.000 | 04/01/24 | 590,178 | |||||||||||||
| 200,000 | Brookfield Finance, Inc | 4.250 | 06/02/26 | 223,659 | |||||||||||||
| 300,000 | Brookfield Finance, Inc | 3.900 | 01/25/28 | 332,821 | |||||||||||||
| 600,000 | Brookfield Finance, Inc | 4.850 | 03/29/29 | 706,234 | |||||||||||||
| 725,000 | Brookfield Finance, Inc | 4.700 | 09/20/47 | 877,842 | |||||||||||||
| 1,000,000 | Brookfield Finance, Inc | 3.500 | 03/30/51 | 1,044,819 | |||||||||||||
| 275,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 286,023 | |||||||||||||
| 1,925,000 | Capital One Financial Corp | 3.200 | 01/30/23 | 1,992,977 | |||||||||||||
| 500,000 | Capital One Financial Corp | 2.600 | 05/11/23 | 516,902 | |||||||||||||
| 150,000 | Capital One Financial Corp | 3.500 | 06/15/23 | 157,636 | |||||||||||||
| 300,000 | Capital One Financial Corp | 3.900 | 01/29/24 | 321,121 | |||||||||||||
| 750,000 | Capital One Financial Corp | 3.300 | 10/30/24 | 804,625 | |||||||||||||
| 125,000 | Capital One Financial Corp | 3.200 | 02/05/25 | 133,608 | |||||||||||||
| 625,000 | Capital One Financial Corp | 4.250 | 04/30/25 | 690,993 | |||||||||||||
| 850,000 | Capital One Financial Corp | 4.200 | 10/29/25 | 942,067 | |||||||||||||
| 700,000 | Capital One Financial Corp | 3.750 | 07/28/26 | 768,428 | |||||||||||||
| 1,075,000 | Capital One Financial Corp | 3.750 | 03/09/27 | 1,189,302 | |||||||||||||
| 1,000,000 | Capital One Financial Corp | 3.650 | 05/11/27 | 1,107,778 | |||||||||||||
| 2,700,000 | Capital One Financial Corp | 3.800 | 01/31/28 | 2,999,913 | |||||||||||||
| 3,525,000 | Capital One Financial Corp | 2.359 | 07/29/32 | 3,451,083 | |||||||||||||
| 1,000,000 | Cboe Global Markets, Inc | 1.625 | 12/15/30 | 958,944 | |||||||||||||
| 450,000 | CBOE Holdings, Inc | 3.650 | 01/12/27 | 495,901 | |||||||||||||
| 500,000 | Celanese US Holdings LLC | 4.625 | 11/15/22 | 522,780 | |||||||||||||
| 200,000 | Celanese US Holdings LLC | 3.500 | 05/08/24 | 213,143 | |||||||||||||
| 1,000,000 | Celanese US Holdings LLC | 1.400 | 08/05/26 | 992,782 | |||||||||||||
| 425,000 | Charles Schwab Corp | 2.650 | 01/25/23 | 437,362 | |||||||||||||
| 300,000 | Charles Schwab Corp | 3.550 | 02/01/24 | 320,402 | |||||||||||||
| 300,000 | Charles Schwab Corp | 3.750 | 04/01/24 | 322,052 | |||||||||||||
| 200,000 | Charles Schwab Corp | 3.000 | 03/10/25 | 212,554 | |||||||||||||
| 350,000 | Charles Schwab Corp | 3.625 | 04/01/25 | 378,670 | |||||||||||||
| 1,250,000 | Charles Schwab Corp | 3.850 | 05/21/25 | 1,368,029 | |||||||||||||
| 1,500,000 | Charles Schwab Corp | 0.900 | 03/11/26 | 1,486,756 | |||||||||||||
| 1,500,000 | Charles Schwab Corp | 1.150 | 05/13/26 | 1,502,666 | |||||||||||||
| 500,000 | Charles Schwab Corp | 3.200 | 03/02/27 | 545,036 | |||||||||||||
| 525,000 | Charles Schwab Corp | 3.300 | 04/01/27 | 571,932 | |||||||||||||
| 200,000 | Charles Schwab Corp | 3.200 | 01/25/28 | 218,378 | |||||||||||||
| 2,000,000 | Charles Schwab Corp | 2.000 | 03/20/28 | 2,041,293 | |||||||||||||
| 300,000 | Charles Schwab Corp | 4.000 | 02/01/29 | 341,386 | |||||||||||||
| 500,000 | Charles Schwab Corp | 2.750 | 10/01/29 | 524,931 | |||||||||||||
| 1,500,000 | Charles Schwab Corp | 1.650 | 03/11/31 | 1,444,860 | |||||||||||||
| 1,500,000 | Charles Schwab Corp | 2.300 | 05/13/31 | 1,532,156 | |||||||||||||
| 1,000,000 | Charles Schwab Corp | 1.950 | 12/01/31 | 981,389 | |||||||||||||
| 1,500,000 | CI Financial Corp | 3.200 | 12/17/30 | 1,557,224 | |||||||||||||
| 1,000,000 | CI Financial Corp | 4.100 | 06/15/51 | 1,074,885 | |||||||||||||
| 475,000 | CME Group, Inc | 3.000 | 03/15/25 | 505,690 | |||||||||||||
| 500,000 | CME Group, Inc | 3.750 | 06/15/28 | 564,400 | |||||||||||||
| 400,000 | CME Group, Inc | 5.300 | 09/15/43 | 561,135 | |||||||||||||
| 500,000 | CME Group, Inc | 4.150 | 06/15/48 | 634,925 | |||||||||||||
| 25 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,000,000 | Credit Suisse AG. | 1.000 | % | 05/05/23 | $ | 2,018,431 | ||||||||||
| 2,000,000 | Credit Suisse AG. | 0.495 | 02/02/24 | 1,992,788 | |||||||||||||
| 2,900,000 | Credit Suisse AG. | 3.625 | 09/09/24 | 3,125,691 | |||||||||||||
| 500,000 | Credit Suisse AG. | 2.950 | 04/09/25 | 530,019 | |||||||||||||
| 1,000,000 | Credit Suisse AG. | 1.250 | 08/07/26 | 985,796 | |||||||||||||
| 1,275,000 | Credit Suisse Group Funding Guernsey Ltd | 3.800 | 06/09/23 | 1,343,308 | |||||||||||||
| 2,300,000 | Credit Suisse Group Funding Guernsey Ltd | 3.750 | 03/26/25 | 2,480,450 | |||||||||||||
| 2,750,000 | Credit Suisse Group Funding Guernsey Ltd | 4.550 | 04/17/26 | 3,089,145 | |||||||||||||
| 1,750,000 | Credit Suisse Group Funding Guernsey Ltd | 4.875 | 05/15/45 | 2,190,703 | |||||||||||||
| 750,000 | Deutsche Bank AG. | 3.950 | 02/27/23 | 783,778 | |||||||||||||
| 525,000 | Deutsche Bank AG. | 3.700 | 05/30/24 | 558,960 | |||||||||||||
| 1,000,000 | Deutsche Bank AG. | 2.222 | 09/18/24 | 1,024,991 | |||||||||||||
| 2,000,000 | Deutsche Bank AG. | 1.447 | 04/01/25 | 2,013,813 | |||||||||||||
| 1,000,000 | Deutsche Bank AG. | 3.961 | 11/26/25 | 1,081,512 | |||||||||||||
| 1,800,000 | Deutsche Bank AG. | 4.100 | 01/13/26 | 1,972,378 | |||||||||||||
| 3,000,000 | Deutsche Bank AG. | 1.686 | 03/19/26 | 3,017,048 | |||||||||||||
| 2,000,000 | Deutsche Bank AG. | 2.129 | 11/24/26 | 2,031,537 | |||||||||||||
| 825,000 | Deutsche Bank AG. | 3.547 | 09/18/31 | 880,375 | |||||||||||||
| 750,000 | Deutsche Bank AG. | 3.035 | 05/28/32 | 760,956 | |||||||||||||
| 100,000 | Diageo Investment Corp | 4.250 | 05/11/42 | 120,961 | |||||||||||||
| 700,000 | Discover Financial Services | 3.950 | 11/06/24 | 758,159 | |||||||||||||
| 200,000 | Discover Financial Services | 4.500 | 01/30/26 | 224,033 | |||||||||||||
| 350,000 | Discover Financial Services | 4.100 | 02/09/27 | 389,879 | |||||||||||||
| 200,000 | E*TRADE Financial Corp | 3.800 | 08/24/27 | 222,004 | |||||||||||||
| 300,000 | E*TRADE Financial Corp | 4.500 | 06/20/28 | 343,207 | |||||||||||||
| 300,000 | Eaton Vance Corp | 3.625 | 06/15/23 | 315,197 | |||||||||||||
| 200,000 | Eaton Vance Corp | 3.500 | 04/06/27 | 217,598 | |||||||||||||
| 750,000 | Ford Foundation | 2.415 | 06/01/50 | 713,859 | |||||||||||||
| 525,000 | Ford Foundation | 2.815 | 06/01/70 | 520,001 | |||||||||||||
| 200,000 | Franklin Resources, Inc | 2.850 | 03/30/25 | 212,892 | |||||||||||||
| 1,500,000 | Franklin Resources, Inc | 1.600 | 10/30/30 | 1,427,590 | |||||||||||||
| 500,000 | Franklin Resources, Inc | 2.950 | 08/12/51 | 485,416 | |||||||||||||
| 750,000 | FS KKR Capital Corp | 4.125 | 02/01/25 | 801,378 | |||||||||||||
| 750,000 | FS KKR Capital Corp | 3.400 | 01/15/26 | 783,661 | |||||||||||||
| 1,000,000 | FS KKR Capital Corp | 2.625 | 01/15/27 | 1,002,443 | |||||||||||||
| 5,768,000 | GE Capital International Funding Co | 3.373 | 11/15/25 | 6,251,740 | |||||||||||||
| 4,444,000 | GE Capital International Funding Co | 4.418 | 11/15/35 | 5,333,032 | |||||||||||||
| 300,000 | General Motors Financial Co, Inc | 3.250 | 01/05/23 | 309,412 | |||||||||||||
| 1,125,000 | General Motors Financial Co, Inc | 3.700 | 05/09/23 | 1,173,760 | |||||||||||||
| 725,000 | General Motors Financial Co, Inc | 4.150 | 06/19/23 | 766,237 | |||||||||||||
| 650,000 | General Motors Financial Co, Inc | 5.100 | 01/17/24 | 709,593 | |||||||||||||
| 725,000 | General Motors Financial Co, Inc | 3.950 | 04/13/24 | 774,840 | |||||||||||||
| 1,500,000 | General Motors Financial Co, Inc | 3.500 | 11/07/24 | 1,605,329 | |||||||||||||
| 125,000 | General Motors Financial Co, Inc | 4.000 | 01/15/25 | 135,323 | |||||||||||||
| 1,000,000 | General Motors Financial Co, Inc | 2.900 | 02/26/25 | 1,049,168 | |||||||||||||
| 5,175,000 | General Motors Financial Co, Inc | 4.350 | 04/09/25 | 5,682,262 | |||||||||||||
| 3,000,000 | General Motors Financial Co, Inc | 2.750 | 06/20/25 | 3,136,502 | |||||||||||||
| 450,000 | General Motors Financial Co, Inc | 4.300 | 07/13/25 | 493,791 | |||||||||||||
| 500,000 | General Motors Financial Co, Inc | 1.250 | 01/08/26 | 493,659 | |||||||||||||
| 275,000 | General Motors Financial Co, Inc | 5.250 | 03/01/26 | 314,257 | |||||||||||||
| 1,000,000 | General Motors Financial Co, Inc | 1.500 | 06/10/26 | 993,940 | |||||||||||||
| 525,000 | General Motors Financial Co, Inc | 4.000 | 10/06/26 | 578,174 | |||||||||||||
| 1,400,000 | General Motors Financial Co, Inc | 4.350 | 01/17/27 | 1,569,527 | |||||||||||||
| 1,000,000 | General Motors Financial Co, Inc | 2.700 | 08/20/27 | 1,038,931 | |||||||||||||
| 26 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,100,000 | General Motors Financial Co, Inc | 3.850 | % | 01/05/28 | $ | 1,196,987 | ||||||||||
| 2,000,000 | General Motors Financial Co, Inc | 2.400 | 04/10/28 | 2,017,436 | |||||||||||||
| 2,400,000 | General Motors Financial Co, Inc | 5.650 | 01/17/29 | 2,888,397 | |||||||||||||
| 1,500,000 | General Motors Financial Co, Inc | 3.600 | 06/21/30 | 1,608,947 | |||||||||||||
| 2,000,000 | General Motors Financial Co, Inc | 2.350 | 01/08/31 | 1,958,914 | |||||||||||||
| 475,000 | General Motors Financial Co, Inc | 2.700 | 06/10/31 | 473,546 | |||||||||||||
| 500,000 | Goldman Sachs BDC, Inc | 3.750 | 02/10/25 | 529,520 | |||||||||||||
| 500,000 | Goldman Sachs BDC, Inc | 2.875 | 01/15/26 | 514,095 | |||||||||||||
| 2,275,000 | Goldman Sachs Group, Inc | 3.625 | 01/22/23 | 2,371,113 | |||||||||||||
| 2,000,000 | Goldman Sachs Group, Inc | 0.481 | 01/27/23 | 2,000,324 | |||||||||||||
| 5,425,000 | Goldman Sachs Group, Inc | 3.200 | 02/23/23 | 5,620,596 | |||||||||||||
| 1,000,000 | Goldman Sachs Group, Inc | 0.627 | 11/17/23 | 1,000,410 | |||||||||||||
| 2,575,000 | Goldman Sachs Group, Inc | 3.625 | 02/20/24 | 2,744,009 | |||||||||||||
| 2,025,000 | Goldman Sachs Group, Inc | 4.000 | 03/03/24 | 2,181,400 | |||||||||||||
| 425,000 | Goldman Sachs Group, Inc | 3.850 | 07/08/24 | 457,528 | |||||||||||||
| 600,000 | Goldman Sachs Group, Inc | 3.500 | 01/23/25 | 642,679 | |||||||||||||
| 250,000 | Goldman Sachs Group, Inc | 3.500 | 04/01/25 | 268,776 | |||||||||||||
| 1,100,000 | Goldman Sachs Group, Inc | 3.750 | 05/22/25 | 1,192,037 | |||||||||||||
| 2,375,000 | Goldman Sachs Group, Inc | 3.272 | 09/29/25 | 2,536,100 | |||||||||||||
| 575,000 | Goldman Sachs Group, Inc | 4.250 | 10/21/25 | 636,772 | |||||||||||||
| 700,000 | Goldman Sachs Group, Inc | 0.855 | 02/12/26 | 693,258 | |||||||||||||
| 1,125,000 | Goldman Sachs Group, Inc | 3.750 | 02/25/26 | 1,234,502 | |||||||||||||
| 425,000 | Goldman Sachs Group, Inc | 3.500 | 11/16/26 | 459,263 | |||||||||||||
| 700,000 | Goldman Sachs Group, Inc | 1.093 | 12/09/26 | 689,796 | |||||||||||||
| 125,000 | Goldman Sachs Group, Inc | 5.950 | 01/15/27 | 150,373 | |||||||||||||
| 3,950,000 | Goldman Sachs Group, Inc | 3.850 | 01/26/27 | 4,339,987 | |||||||||||||
| 2,600,000 | Goldman Sachs Group, Inc | 1.431 | 03/09/27 | 2,592,850 | |||||||||||||
| 5,000,000 | Goldman Sachs Group, Inc | 1.542 | 09/10/27 | 4,979,987 | |||||||||||||
| 4,475,000 | Goldman Sachs Group, Inc | 3.691 | 06/05/28 | 4,925,776 | |||||||||||||
| 8,525,000 | Goldman Sachs Group, Inc | 3.814 | 04/23/29 | 9,434,357 | |||||||||||||
| 550,000 | Goldman Sachs Group, Inc | 4.223 | 05/01/29 | 621,567 | |||||||||||||
| 2,500,000 | Goldman Sachs Group, Inc | 2.600 | 02/07/30 | 2,573,049 | |||||||||||||
| 2,500,000 | Goldman Sachs Group, Inc | 3.800 | 03/15/30 | 2,783,018 | |||||||||||||
| 5,000,000 | Goldman Sachs Group, Inc | 1.992 | 01/27/32 | 4,821,650 | |||||||||||||
| 2,050,000 | Goldman Sachs Group, Inc | 2.615 | 04/22/32 | 2,074,784 | |||||||||||||
| 2,550,000 | Goldman Sachs Group, Inc | 2.383 | 07/21/32 | 2,524,804 | |||||||||||||
| 900,000 | Goldman Sachs Group, Inc | 6.750 | 10/01/37 | 1,289,058 | |||||||||||||
| 2,425,000 | Goldman Sachs Group, Inc | 4.017 | 10/31/38 | 2,786,883 | |||||||||||||
| 4,525,000 | Goldman Sachs Group, Inc | 4.411 | 04/23/39 | 5,438,426 | |||||||||||||
| 2,475,000 | Goldman Sachs Group, Inc | 6.250 | 02/01/41 | 3,607,536 | |||||||||||||
| 1,900,000 | Goldman Sachs Group, Inc | 3.210 | 04/22/42 | 1,964,106 | |||||||||||||
| 2,000,000 | Goldman Sachs Group, Inc | 2.908 | 07/21/42 | 1,971,904 | |||||||||||||
| 1,225,000 | Goldman Sachs Group, Inc | 4.800 | 07/08/44 | 1,566,859 | |||||||||||||
| 1,650,000 | Goldman Sachs Group, Inc | 5.150 | 05/22/45 | 2,163,593 | |||||||||||||
| 200,000 | Goldman Sachs Group, Inc | 4.750 | 10/21/45 | 258,244 | |||||||||||||
| 1,000,000 | Golub Capital BDC, Inc | 2.500 | 08/24/26 | 1,006,277 | |||||||||||||
| 1,000,000 | Golub Capital BDC, Inc | 2.050 | 02/15/27 | 983,990 | |||||||||||||
| 1,000,000 | Intercontinental Exchange, Inc | 0.700 | 06/15/23 | 1,003,720 | |||||||||||||
| 300,000 | Intercontinental Exchange, Inc | 3.450 | 09/21/23 | 316,827 | |||||||||||||
| 350,000 | Intercontinental Exchange, Inc | 4.000 | 10/15/23 | 374,269 | |||||||||||||
| 825,000 | Intercontinental Exchange, Inc | 3.750 | 12/01/25 | 906,094 | |||||||||||||
| 1,000,000 | Intercontinental Exchange, Inc | 3.100 | 09/15/27 | 1,081,341 | |||||||||||||
| 500,000 | Intercontinental Exchange, Inc | 3.750 | 09/21/28 | 557,833 | |||||||||||||
| 27 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,500,000 | Intercontinental Exchange, Inc | 2.100 | % | 06/15/30 | $ | 1,483,372 | ||||||||||
| 1,000,000 | Intercontinental Exchange, Inc | 1.850 | 09/15/32 | 941,067 | |||||||||||||
| 775,000 | Intercontinental Exchange, Inc | 2.650 | 09/15/40 | 741,228 | |||||||||||||
| 575,000 | Intercontinental Exchange, Inc | 4.250 | 09/21/48 | 683,536 | |||||||||||||
| 1,000,000 | Intercontinental Exchange, Inc | 3.000 | 06/15/50 | 988,589 | |||||||||||||
| 1,000,000 | Intercontinental Exchange, Inc | 3.000 | 09/15/60 | 962,819 | |||||||||||||
| 125,000 | Invesco Finance plc | 3.125 | 11/30/22 | 128,909 | |||||||||||||
| 200,000 | Invesco Finance plc | 4.000 | 01/30/24 | 214,938 | |||||||||||||
| 800,000 | Invesco Finance plc | 3.750 | 01/15/26 | 878,496 | |||||||||||||
| 200,000 | Invesco Finance plc | 5.375 | 11/30/43 | 262,968 | |||||||||||||
| 2,000,000 | J Paul Getty Trust | 0.391 | 01/01/24 | 1,991,689 | |||||||||||||
| 300,000 | Janus Capital Group, Inc | 4.875 | 08/01/25 | 336,289 | |||||||||||||
| 1,000,000 | Jefferies Group LLC | 4.850 | 01/15/27 | 1,159,513 | |||||||||||||
| 600,000 | Jefferies Group LLC | 6.450 | 06/08/27 | 747,664 | |||||||||||||
| 1,000,000 | Jefferies Group LLC | 4.150 | 01/23/30 | 1,124,764 | |||||||||||||
| 1,000,000 | Jefferies Group LLC | 2.750 | 10/15/32 | 1,002,002 | |||||||||||||
| 150,000 | Lazard Group LLC | 3.750 | 02/13/25 | 161,943 | |||||||||||||
| 200,000 | Lazard Group LLC | 3.625 | 03/01/27 | 217,914 | |||||||||||||
| 325,000 | Lazard Group LLC | 4.500 | 09/19/28 | 375,160 | |||||||||||||
| 425,000 | Lazard Group LLC | 4.375 | 03/11/29 | 481,323 | |||||||||||||
| 400,000 | Legg Mason, Inc | 5.625 | 01/15/44 | 552,604 | |||||||||||||
| 1,250,000 | Main Street Capital Corp | 3.000 | 07/14/26 | 1,274,962 | |||||||||||||
| 200,000 | Moody’s Corp | 2.625 | 01/15/23 | 205,602 | |||||||||||||
| 1,200,000 | Moody’s Corp | 3.250 | 01/15/28 | 1,303,260 | |||||||||||||
| 300,000 | Moody’s Corp | 4.250 | 02/01/29 | 344,155 | |||||||||||||
| 1,000,000 | Moody’s Corp | 2.000 | 08/19/31 | 978,545 | |||||||||||||
| 1,000,000 | Moody’s Corp | 2.750 | 08/19/41 | 970,598 | |||||||||||||
| 200,000 | Moody’s Corp | 5.250 | 07/15/44 | 267,108 | |||||||||||||
| 300,000 | Moody’s Corp | 4.875 | 12/17/48 | 393,705 | |||||||||||||
| 750,000 | Moody’s Corp | 3.250 | 05/20/50 | 768,096 | |||||||||||||
| 2,850,000 | Morgan Stanley | 4.875 | 11/01/22 | 2,985,618 | |||||||||||||
| 475,000 | Morgan Stanley | 3.750 | 02/25/23 | 496,667 | |||||||||||||
| 3,175,000 | Morgan Stanley | 4.100 | 05/22/23 | 3,352,190 | |||||||||||||
| 2,000,000 | Morgan Stanley | 0.560 | 11/10/23 | 2,002,583 | |||||||||||||
| 1,000,000 | Morgan Stanley | 0.529 | 01/25/24 | 1,000,720 | |||||||||||||
| 5,350,000 | Morgan Stanley | 3.737 | 04/24/24 | 5,613,594 | |||||||||||||
| 4,092,000 | Morgan Stanley | 3.700 | 10/23/24 | 4,438,651 | |||||||||||||
| 6,000,000 | Morgan Stanley | 0.790 | 05/30/25 | 5,981,581 | |||||||||||||
| 1,025,000 | Morgan Stanley | 2.720 | 07/22/25 | 1,074,021 | |||||||||||||
| 500,000 | Morgan Stanley | 4.000 | 07/23/25 | 550,851 | |||||||||||||
| 4,000,000 | Morgan Stanley | 0.864 | 10/21/25 | 3,991,881 | |||||||||||||
| 950,000 | Morgan Stanley | 5.000 | 11/24/25 | 1,085,982 | |||||||||||||
| 575,000 | Morgan Stanley | 3.875 | 01/27/26 | 636,523 | |||||||||||||
| 500,000 | Morgan Stanley | 3.125 | 07/27/26 | 538,141 | |||||||||||||
| 400,000 | Morgan Stanley | 4.350 | 09/08/26 | 451,484 | |||||||||||||
| 5,000,000 | Morgan Stanley | 0.985 | 12/10/26 | 4,911,200 | |||||||||||||
| 2,750,000 | Morgan Stanley | 3.625 | 01/20/27 | 3,031,429 | |||||||||||||
| 1,975,000 | Morgan Stanley | 3.950 | 04/23/27 | 2,196,412 | |||||||||||||
| 4,975,000 | Morgan Stanley | 1.593 | 05/04/27 | 4,989,801 | |||||||||||||
| 3,325,000 | Morgan Stanley | 1.512 | 07/20/27 | 3,309,192 | |||||||||||||
| 1,575,000 | Morgan Stanley | 3.591 | 07/22/28 | 1,727,204 | |||||||||||||
| 4,850,000 | Morgan Stanley | 3.772 | 01/24/29 | 5,366,601 | |||||||||||||
| 3,475,000 | Morgan Stanley | 4.431 | 01/23/30 | 4,012,483 | |||||||||||||
| 5,000,000 | Morgan Stanley | 2.699 | 01/22/31 | 5,155,464 | |||||||||||||
| 28 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 500,000 | Morgan Stanley | 3.622 | % | 04/01/31 | $ | 551,083 | ||||||||||
| 5,000,000 | Morgan Stanley | 1.794 | 02/13/32 | 4,761,948 | |||||||||||||
| 150,000 | Morgan Stanley | 7.250 | 04/01/32 | 217,713 | |||||||||||||
| 2,500,000 | Morgan Stanley | 1.928 | 04/28/32 | 2,397,590 | |||||||||||||
| 4,000,000 | Morgan Stanley | 2.239 | 07/21/32 | 3,931,149 | |||||||||||||
| 1,300,000 | Morgan Stanley | 2.484 | 09/16/36 | 1,272,345 | |||||||||||||
| 725,000 | Morgan Stanley | 3.971 | 07/22/38 | 830,578 | |||||||||||||
| 2,675,000 | Morgan Stanley | 4.457 | 04/22/39 | 3,235,038 | |||||||||||||
| 1,525,000 | Morgan Stanley | 3.217 | 04/22/42 | 1,595,333 | |||||||||||||
| 275,000 | Morgan Stanley | 6.375 | 07/24/42 | 416,372 | |||||||||||||
| 175,000 | Morgan Stanley | 4.300 | 01/27/45 | 213,311 | |||||||||||||
| 3,200,000 | Morgan Stanley | 4.375 | 01/22/47 | 3,989,107 | |||||||||||||
| 900,000 | Morgan Stanley | 5.597 | 03/24/51 | 1,334,407 | |||||||||||||
| 1,425,000 | Morgan Stanley | 2.802 | 01/25/52 | 1,369,692 | |||||||||||||
| 500,000 | NASDAQ, Inc | 0.445 | 12/21/22 | 500,027 | |||||||||||||
| 250,000 | NASDAQ, Inc | 4.250 | 06/01/24 | 270,865 | |||||||||||||
| 400,000 | NASDAQ, Inc | 3.850 | 06/30/26 | 443,623 | |||||||||||||
| 1,000,000 | NASDAQ, Inc | 1.650 | 01/15/31 | 942,216 | |||||||||||||
| 1,000,000 | NASDAQ, Inc | 2.500 | 12/21/40 | 920,058 | |||||||||||||
| 500,000 | NASDAQ, Inc | 3.250 | 04/28/50 | 503,805 | |||||||||||||
| 200,000 | National Rural Utilities Cooperative Finance Corp | 2.700 | 02/15/23 | 205,700 | |||||||||||||
| 200,000 | National Rural Utilities Cooperative Finance Corp | 3.400 | 11/15/23 | 211,064 | |||||||||||||
| 300,000 | National Rural Utilities Cooperative Finance Corp | 2.950 | 02/07/24 | 315,356 | |||||||||||||
| 1,000,000 | National Rural Utilities Cooperative Finance Corp | 0.350 | 02/08/24 | 993,393 | |||||||||||||
| 400,000 | National Rural Utilities Cooperative Finance Corp | 2.850 | 01/27/25 | 422,426 | |||||||||||||
| 200,000 | National Rural Utilities Cooperative Finance Corp | 3.250 | 11/01/25 | 215,016 | |||||||||||||
| 1,000,000 | National Rural Utilities Cooperative Finance Corp | 1.000 | 06/15/26 | 989,103 | |||||||||||||
| 1,000,000 | National Rural Utilities Cooperative Finance Corp | 3.400 | 02/07/28 | 1,091,621 | |||||||||||||
| 200,000 | National Rural Utilities Cooperative Finance Corp | 3.900 | 11/01/28 | 225,255 | |||||||||||||
| 300,000 | National Rural Utilities Cooperative Finance Corp | 3.700 | 03/15/29 | 334,361 | |||||||||||||
| 1,000,000 | National Rural Utilities Cooperative Finance Corp | 2.400 | 03/15/30 | 1,022,022 | |||||||||||||
| 1,000,000 | National Rural Utilities Cooperative Finance Corp | 1.350 | 03/15/31 | 928,310 | |||||||||||||
| 1,000,000 | National Rural Utilities Cooperative Finance Corp | 1.650 | 06/15/31 | 948,964 | |||||||||||||
| 500,000 | National Rural Utilities Cooperative Finance Corp | 4.750 | 04/30/43 | 521,348 | |||||||||||||
| 200,000 | National Rural Utilities Cooperative Finance Corp | 5.250 | 04/20/46 | 219,996 | |||||||||||||
| 200,000 | National Rural Utilities Cooperative Finance Corp | 4.400 | 11/01/48 | 250,096 | |||||||||||||
| 550,000 | National Rural Utilities Cooperative Finance Corp | 4.300 | 03/15/49 | 672,274 | |||||||||||||
| 300,000 | Navient Solutions LLC | 0.000 | 10/03/22 | 297,547 | |||||||||||||
| 1,500,000 | Nomura Holdings, Inc | 2.648 | 01/16/25 | 1,562,499 | |||||||||||||
| 1,000,000 | Nomura Holdings, Inc | 1.851 | 07/16/25 | 1,014,883 | |||||||||||||
| 1,000,000 | Nomura Holdings, Inc | 1.653 | 07/14/26 | 996,309 | |||||||||||||
| 1,000,000 | Nomura Holdings, Inc | 2.172 | 07/14/28 | 990,838 | |||||||||||||
| 1,500,000 | Nomura Holdings, Inc | 3.103 | 01/16/30 | 1,563,234 | |||||||||||||
| 500,000 | Nomura Holdings, Inc | 2.679 | 07/16/30 | 505,105 | |||||||||||||
| 1,500,000 | Nomura Holdings, Inc | 2.608 | 07/14/31 | 1,494,552 | |||||||||||||
| 625,000 | Northern Trust Corp | 3.950 | 10/30/25 | 697,860 | |||||||||||||
| 500,000 | Northern Trust Corp | 3.650 | 08/03/28 | 561,088 | |||||||||||||
| 500,000 | Northern Trust Corp | 3.150 | 05/03/29 | 545,684 | |||||||||||||
| 700,000 | Northern Trust Corp | 1.950 | 05/01/30 | 702,129 | |||||||||||||
| 100,000 | Northern Trust Corp | 3.375 | 05/08/32 | 107,648 | |||||||||||||
| 1,500,000 | Oaktree Specialty Lending Corp | 2.700 | 01/15/27 | 1,504,762 | |||||||||||||
| 750,000 | Oesterreichische Kontrollbank AG. | 2.875 | 03/13/23 | 778,013 | |||||||||||||
| 1,350,000 | Oesterreichische Kontrollbank AG. | 3.125 | 11/07/23 | 1,426,863 | |||||||||||||
| 29 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,250,000 | Oesterreichische Kontrollbank AG. | 0.500 | % | 09/16/24 | $ | 1,246,128 | ||||||||||
| 1,500,000 | Oesterreichische Kontrollbank AG. | 1.500 | 02/12/25 | 1,539,645 | |||||||||||||
| 2,000,000 | Oesterreichische Kontrollbank AG. | 0.375 | 09/17/25 | 1,964,471 | |||||||||||||
| 2,500,000 | Oesterreichische Kontrollbank AG. | 0.500 | 02/02/26 | 2,450,475 | |||||||||||||
| 1,000,000 | Office Properties Income Trust | 3.450 | 10/15/31 | 978,228 | |||||||||||||
| 500,000 | ORIX Corp | 4.050 | 01/16/24 | 537,739 | |||||||||||||
| 500,000 | ORIX Corp | 3.250 | 12/04/24 | 535,440 | |||||||||||||
| 200,000 | ORIX Corp | 3.700 | 07/18/27 | 221,202 | |||||||||||||
| 1,000,000 | e | ORIX Corp | 2.250 | 03/09/31 | 998,817 | ||||||||||||
| 500,000 | Owl Rock Capital Corp | 4.000 | 03/30/25 | 528,472 | |||||||||||||
| 500,000 | Owl Rock Capital Corp | 3.750 | 07/22/25 | 525,818 | |||||||||||||
| 1,000,000 | Owl Rock Capital Corp | 4.250 | 01/15/26 | 1,073,303 | |||||||||||||
| 750,000 | Owl Rock Capital Corp | 3.400 | 07/15/26 | 781,074 | |||||||||||||
| 2,000,000 | Owl Rock Capital Corp | 2.875 | 06/11/28 | 1,996,267 | |||||||||||||
| 500,000 | PACCAR Financial Corp | 2.650 | 04/06/23 | 516,516 | |||||||||||||
| 500,000 | PACCAR Financial Corp | 0.800 | 06/08/23 | 502,861 | |||||||||||||
| 200,000 | PACCAR Financial Corp | 3.400 | 08/09/23 | 210,959 | |||||||||||||
| 2,000,000 | PACCAR Financial Corp | 0.350 | 08/11/23 | 1,999,107 | |||||||||||||
| 3,000,000 | PACCAR Financial Corp | 0.350 | 02/02/24 | 2,986,120 | |||||||||||||
| 300,000 | PACCAR Financial Corp | 2.150 | 08/15/24 | 311,206 | |||||||||||||
| 750,000 | PACCAR Financial Corp | 1.800 | 02/06/25 | 772,057 | |||||||||||||
| 1,000,000 | PACCAR Financial Corp | 1.100 | 05/11/26 | 997,157 | |||||||||||||
| 3,000,000 | Private Export Funding Corp | 1.400 | 07/15/28 | 2,987,135 | |||||||||||||
| 1,000,000 | Prospect Capital Corp | 3.364 | 11/15/26 | 1,015,773 | |||||||||||||
| 1,000,000 | Prospect Capital Corp | 3.437 | 10/15/28 | 972,623 | |||||||||||||
| 425,000 | Raymond James Financial, Inc | 4.950 | 07/15/46 | 548,962 | |||||||||||||
| 1,000,000 | Raymond James Financial, Inc | 3.750 | 04/01/51 | 1,113,294 | |||||||||||||
| 300,000 | S&P Global, Inc | 4.000 | 06/15/25 | 329,955 | |||||||||||||
| 500,000 | S&P Global, Inc | 2.500 | 12/01/29 | 522,402 | |||||||||||||
| 500,000 | S&P Global, Inc | 1.250 | 08/15/30 | 470,596 | |||||||||||||
| 500,000 | S&P Global, Inc | 3.250 | 12/01/49 | 538,040 | |||||||||||||
| 500,000 | S&P Global, Inc | 2.300 | 08/15/60 | 425,259 | |||||||||||||
| 3,125,000 | Shire Acquisitions Investments Ireland DAC | 2.875 | 09/23/23 | 3,257,805 | |||||||||||||
| 1,400,000 | Shire Acquisitions Investments Ireland DAC | 3.200 | 09/23/26 | 1,510,132 | |||||||||||||
| 1,500,000 | Sixth Street Specialty Lending, Inc | 2.500 | 08/01/26 | 1,515,803 | |||||||||||||
| 500,000 | State Street Corp | 2.653 | 05/15/23 | 507,306 | |||||||||||||
| 2,150,000 | State Street Corp | 3.100 | 05/15/23 | 2,247,085 | |||||||||||||
| 300,000 | State Street Corp | 3.776 | 12/03/24 | 321,745 | |||||||||||||
| 750,000 | State Street Corp | 3.300 | 12/16/24 | 812,291 | |||||||||||||
| 375,000 | State Street Corp | 3.550 | 08/18/25 | 411,347 | |||||||||||||
| 1,000,000 | State Street Corp | 2.354 | 11/01/25 | 1,045,103 | |||||||||||||
| 500,000 | State Street Corp | 2.901 | 03/30/26 | 530,438 | |||||||||||||
| 650,000 | State Street Corp | 2.650 | 05/19/26 | 691,948 | |||||||||||||
| 300,000 | State Street Corp | 4.141 | 12/03/29 | 349,398 | |||||||||||||
| 750,000 | State Street Corp | 2.400 | 01/24/30 | 778,178 | |||||||||||||
| 1,375,000 | State Street Corp | 2.200 | 03/03/31 | 1,373,269 | |||||||||||||
| 500,000 | State Street Corp | 3.031 | 11/01/34 | 527,726 | |||||||||||||
| 100,000 | Stifel Financial Corp | 4.250 | 07/18/24 | 108,816 | |||||||||||||
| 500,000 | Synchrony Financial | 4.375 | 03/19/24 | 539,575 | |||||||||||||
| 250,000 | Synchrony Financial | 4.250 | 08/15/24 | 270,151 | |||||||||||||
| 600,000 | Synchrony Financial | 4.500 | 07/23/25 | 662,548 | |||||||||||||
| 300,000 | Synchrony Financial | 3.700 | 08/04/26 | 325,531 | |||||||||||||
| 900,000 | Synchrony Financial | 3.950 | 12/01/27 | 992,793 | |||||||||||||
| 500,000 | Synchrony Financial | 5.150 | 03/19/29 | 585,297 | |||||||||||||
| 30 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,500,000 | Toronto-Dominion Bank | 1.250 | % | 09/10/26 | $ | 1,489,158 | ||||||||||
| 1,500,000 | Toronto-Dominion Bank | 2.000 | 09/10/31 | 1,474,166 | |||||||||||||
| 500,000 | Toyota Motor Credit Corp | 2.700 | 01/11/23 | 515,150 | |||||||||||||
| 1,000,000 | Toyota Motor Credit Corp | 0.500 | 08/14/23 | 1,002,555 | |||||||||||||
| 500,000 | Toyota Motor Credit Corp | 3.450 | 09/20/23 | 529,618 | |||||||||||||
| 400,000 | Toyota Motor Credit Corp | 3.350 | 01/08/24 | 425,132 | |||||||||||||
| 1,000,000 | Toyota Motor Credit Corp | 0.450 | 01/11/24 | 997,659 | |||||||||||||
| 1,000,000 | e | Toyota Motor Credit Corp | 2.000 | 10/07/24 | 1,038,720 | ||||||||||||
| 3,000,000 | Toyota Motor Credit Corp | 1.800 | 02/13/25 | 3,081,407 | |||||||||||||
| 1,500,000 | Toyota Motor Credit Corp | 3.400 | 04/14/25 | 1,623,473 | |||||||||||||
| 1,000,000 | Toyota Motor Credit Corp | 0.800 | 10/16/25 | 987,100 | |||||||||||||
| 1,000,000 | Toyota Motor Credit Corp | 0.800 | 01/09/26 | 986,587 | |||||||||||||
| 4,000,000 | Toyota Motor Credit Corp | 1.125 | 06/18/26 | 3,974,504 | |||||||||||||
| 1,000,000 | Toyota Motor Credit Corp | 1.150 | 08/13/27 | 985,195 | |||||||||||||
| 300,000 | Toyota Motor Credit Corp | 3.050 | 01/11/28 | 325,551 | |||||||||||||
| 2,000,000 | Toyota Motor Credit Corp | 1.900 | 04/06/28 | 2,026,370 | |||||||||||||
| 400,000 | Toyota Motor Credit Corp | 3.650 | 01/08/29 | 451,426 | |||||||||||||
| 650,000 | Toyota Motor Credit Corp | 2.150 | 02/13/30 | 660,250 | |||||||||||||
| 225,000 | Toyota Motor Credit Corp | 3.375 | 04/01/30 | 249,540 | |||||||||||||
| 1,000,000 | e | Toyota Motor Credit Corp | 1.650 | 01/10/31 | 971,807 | ||||||||||||
| 1,000,000 | Toyota Motor Credit Corp | 1.900 | 09/12/31 | 981,692 | |||||||||||||
| 500,000 | Unilever Capital Corp | 3.125 | 03/22/23 | 519,598 | |||||||||||||
| 750,000 | Unilever Capital Corp | 0.375 | 09/14/23 | 750,934 | |||||||||||||
| 300,000 | Unilever Capital Corp | 3.250 | 03/07/24 | 318,186 | |||||||||||||
| 1,100,000 | Unilever Capital Corp | 2.600 | 05/05/24 | 1,153,264 | |||||||||||||
| 1,000,000 | Unilever Capital Corp | 0.626 | 08/12/24 | 1,001,583 | |||||||||||||
| 500,000 | Unilever Capital Corp | 3.375 | 03/22/25 | 537,943 | |||||||||||||
| 450,000 | Unilever Capital Corp | 3.100 | 07/30/25 | 485,198 | |||||||||||||
| 225,000 | Unilever Capital Corp | 2.000 | 07/28/26 | 233,527 | |||||||||||||
| 800,000 | Unilever Capital Corp | 2.900 | 05/05/27 | 861,978 | |||||||||||||
| 1,150,000 | Unilever Capital Corp | 3.500 | 03/22/28 | 1,274,802 | |||||||||||||
| 1,000,000 | Unilever Capital Corp | 2.125 | 09/06/29 | 1,022,113 | |||||||||||||
| 175,000 | Unilever Capital Corp | 1.375 | 09/14/30 | 167,265 | |||||||||||||
| 200,000 | Unilever Capital Corp | 1.750 | 08/12/31 | 194,957 | |||||||||||||
| 430,000 | Unilever Capital Corp | 5.900 | 11/15/32 | 582,312 | |||||||||||||
| 500,000 | Unilever Capital Corp | 2.625 | 08/12/51 | 481,986 | |||||||||||||
| 200,000 | Voya Financial, Inc | 3.125 | 07/15/24 | 211,942 | |||||||||||||
| 550,000 | Voya Financial, Inc | 3.650 | 06/15/26 | 603,698 | |||||||||||||
| 200,000 | Voya Financial, Inc | 5.700 | 07/15/43 | 275,274 | |||||||||||||
| 200,000 | Voya Financial, Inc | 4.800 | 06/15/46 | 252,417 | |||||||||||||
| TOTAL DIVERSIFIED FINANCIALS | 547,678,336 | ||||||||||||||||
| ENERGY - 1.9% | |||||||||||||||||
| 925,000 | Baker Hughes a GE Co LLC | 2.773 | 12/15/22 | 950,311 | |||||||||||||
| 875,000 | Baker Hughes a GE Co LLC | 3.337 | 12/15/27 | 954,954 | |||||||||||||
| 1,000,000 | Baker Hughes a GE Co LLC | 3.138 | 11/07/29 | 1,073,967 | |||||||||||||
| 500,000 | Baker Hughes a GE Co LLC | 4.486 | 05/01/30 | 584,918 | |||||||||||||
| 800,000 | Baker Hughes a GE Co LLC | 5.125 | 09/15/40 | 1,020,623 | |||||||||||||
| 875,000 | Baker Hughes a GE Co LLC | 4.080 | 12/15/47 | 987,489 | |||||||||||||
| 200,000 | Boardwalk Pipelines LP | 3.375 | 02/01/23 | 205,471 | |||||||||||||
| 475,000 | Boardwalk Pipelines LP | 5.950 | 06/01/26 | 555,946 | |||||||||||||
| 450,000 | Boardwalk Pipelines LP | 4.450 | 07/15/27 | 507,191 | |||||||||||||
| 500,000 | Boardwalk Pipelines LP | 4.800 | 05/03/29 | 572,455 | |||||||||||||
| 31 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | Boardwalk Pipelines LP | 3.400 | % | 02/15/31 | $ | 1,050,848 | ||||||||||
| 1,000,000 | BP Capital Markets America, Inc | 2.937 | 04/06/23 | 1,037,643 | |||||||||||||
| 550,000 | BP Capital Markets America, Inc | 2.750 | 05/10/23 | 571,139 | |||||||||||||
| 800,000 | BP Capital Markets America, Inc | 3.790 | 02/06/24 | 856,541 | |||||||||||||
| 2,025,000 | BP Capital Markets America, Inc | 3.224 | 04/14/24 | 2,149,063 | |||||||||||||
| 1,000,000 | BP Capital Markets America, Inc | 3.194 | 04/06/25 | 1,070,439 | |||||||||||||
| 700,000 | BP Capital Markets America, Inc | 3.796 | 09/21/25 | 769,650 | |||||||||||||
| 1,800,000 | BP Capital Markets America, Inc | 3.410 | 02/11/26 | 1,961,888 | |||||||||||||
| 150,000 | BP Capital Markets America, Inc | 3.119 | 05/04/26 | 162,204 | |||||||||||||
| 200,000 | BP Capital Markets America, Inc | 3.017 | 01/16/27 | 214,978 | |||||||||||||
| 500,000 | BP Capital Markets America, Inc | 3.588 | 04/14/27 | 552,069 | |||||||||||||
| 750,000 | BP Capital Markets America, Inc | 3.937 | 09/21/28 | 846,350 | |||||||||||||
| 1,300,000 | BP Capital Markets America, Inc | 4.234 | 11/06/28 | 1,490,983 | |||||||||||||
| 1,000,000 | BP Capital Markets America, Inc | 3.633 | 04/06/30 | 1,114,850 | |||||||||||||
| 1,000,000 | BP Capital Markets America, Inc | 1.749 | 08/10/30 | 972,120 | |||||||||||||
| 1,000,000 | BP Capital Markets America, Inc | 3.060 | 06/17/41 | 1,009,689 | |||||||||||||
| 2,000,000 | BP Capital Markets America, Inc | 3.000 | 02/24/50 | 1,924,007 | |||||||||||||
| 950,000 | BP Capital Markets America, Inc | 2.772 | 11/10/50 | 876,518 | |||||||||||||
| 2,500,000 | BP Capital Markets America, Inc | 2.939 | 06/04/51 | 2,363,737 | |||||||||||||
| 1,000,000 | BP Capital Markets America, Inc | 3.001 | 03/17/52 | 956,187 | |||||||||||||
| 2,500,000 | BP Capital Markets America, Inc | 3.379 | 02/08/61 | 2,487,891 | |||||||||||||
| 1,225,000 | BP Capital Markets plc | 2.500 | 11/06/22 | 1,254,669 | |||||||||||||
| 700,000 | BP Capital Markets plc | 3.994 | 09/26/23 | 750,011 | |||||||||||||
| 925,000 | BP Capital Markets plc | 3.814 | 02/10/24 | 992,709 | |||||||||||||
| 675,000 | BP Capital Markets plc | 3.535 | 11/04/24 | 730,032 | |||||||||||||
| 675,000 | BP Capital Markets plc | 3.506 | 03/17/25 | 730,778 | |||||||||||||
| 925,000 | BP Capital Markets plc | 3.279 | 09/19/27 | 1,013,046 | |||||||||||||
| 300,000 | BP Capital Markets plc | 3.723 | 11/28/28 | 334,974 | |||||||||||||
| 575,000 | Burlington Resources Finance Co | 7.200 | 08/15/31 | 816,042 | |||||||||||||
| 200,000 | Burlington Resources Finance Co | 7.400 | 12/01/31 | 291,432 | |||||||||||||
| 600,000 | Canadian Natural Resources Ltd | 2.950 | 01/15/23 | 617,303 | |||||||||||||
| 600,000 | Canadian Natural Resources Ltd | 3.800 | 04/15/24 | 638,496 | |||||||||||||
| 700,000 | Canadian Natural Resources Ltd | 3.900 | 02/01/25 | 757,315 | |||||||||||||
| 750,000 | Canadian Natural Resources Ltd | 2.050 | 07/15/25 | 767,880 | |||||||||||||
| 1,125,000 | Canadian Natural Resources Ltd | 3.850 | 06/01/27 | 1,230,461 | |||||||||||||
| 750,000 | Canadian Natural Resources Ltd | 2.950 | 07/15/30 | 776,508 | |||||||||||||
| 1,625,000 | Canadian Natural Resources Ltd | 6.250 | 03/15/38 | 2,161,055 | |||||||||||||
| 800,000 | Canadian Natural Resources Ltd | 4.950 | 06/01/47 | 992,139 | |||||||||||||
| 1,658,000 | Cenovus Energy, Inc | 5.375 | 07/15/25 | 1,888,556 | |||||||||||||
| 200,000 | Cenovus Energy, Inc | 2.650 | 01/15/32 | 196,219 | |||||||||||||
| 425,000 | Cenovus Energy, Inc | 3.750 | 02/15/52 | 412,992 | |||||||||||||
| 1,050,000 | Chevron Corp | 2.355 | 12/05/22 | 1,070,043 | |||||||||||||
| 750,000 | Chevron Corp | 1.141 | 05/11/23 | 759,916 | |||||||||||||
| 500,000 | Chevron Corp | 2.566 | 05/16/23 | 515,753 | |||||||||||||
| 400,000 | Chevron Corp | 3.191 | 06/24/23 | 416,953 | |||||||||||||
| 425,000 | Chevron Corp | 2.895 | 03/03/24 | 448,141 | |||||||||||||
| 2,750,000 | Chevron Corp | 1.554 | 05/11/25 | 2,811,682 | |||||||||||||
| 400,000 | Chevron Corp | 3.326 | 11/17/25 | 434,501 | |||||||||||||
| 2,475,000 | Chevron Corp | 2.954 | 05/16/26 | 2,666,713 | |||||||||||||
| 2,225,000 | Chevron Corp | 1.995 | 05/11/27 | 2,295,111 | |||||||||||||
| 600,000 | Chevron Corp | 2.236 | 05/11/30 | 615,144 | |||||||||||||
| 375,000 | Chevron Corp | 2.978 | 05/11/40 | 387,650 | |||||||||||||
| 1,000,000 | Chevron Corp | 3.078 | 05/11/50 | 1,035,076 | |||||||||||||
| 500,000 | Cimarex Energy Co | 4.375 | 06/01/24 | 539,162 | |||||||||||||
| 32 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 525,000 | Cimarex Energy Co | 3.900 | % | 05/15/27 | $ | 574,413 | ||||||||||
| 300,000 | Cimarex Energy Co | 4.375 | 03/15/29 | 339,025 | |||||||||||||
| 775,000 | Columbia Pipeline Group, Inc | 4.500 | 06/01/25 | 860,227 | |||||||||||||
| 300,000 | Columbia Pipeline Group, Inc | 5.800 | 06/01/45 | 409,309 | |||||||||||||
| 825,000 | g | ConocoPhillips | 3.750 | 10/01/27 | 921,392 | ||||||||||||
| 1,950,000 | g | ConocoPhillips | 4.300 | 08/15/28 | 2,245,434 | ||||||||||||
| 125,000 | g | ConocoPhillips | 2.400 | 02/15/31 | 127,115 | ||||||||||||
| 400,000 | g | ConocoPhillips | 4.875 | 10/01/47 | 520,329 | ||||||||||||
| 700,000 | g | ConocoPhillips | 4.850 | 08/15/48 | 915,717 | ||||||||||||
| 2,800,000 | ConocoPhillips Co | 4.950 | 03/15/26 | 3,219,384 | |||||||||||||
| 77,000 | ConocoPhillips Co | 4.150 | 11/15/34 | 87,758 | |||||||||||||
| 250,000 | ConocoPhillips Co | 5.900 | 05/15/38 | 342,461 | |||||||||||||
| 1,585,000 | ConocoPhillips Co | 6.500 | 02/01/39 | 2,311,233 | |||||||||||||
| 300,000 | ConocoPhillips Co | 4.300 | 11/15/44 | 356,616 | |||||||||||||
| 1,650,000 | ConocoPhillips Co | 5.950 | 03/15/46 | 2,432,346 | |||||||||||||
| 925,000 | ConocoPhillips Holding Co | 6.950 | 04/15/29 | 1,235,757 | |||||||||||||
| 885,000 | Devon Energy Corp | 5.600 | 07/15/41 | 1,102,756 | |||||||||||||
| 700,000 | Devon Energy Corp | 4.750 | 05/15/42 | 798,886 | |||||||||||||
| 1,100,000 | Devon Energy Corp | 5.000 | 06/15/45 | 1,289,605 | |||||||||||||
| 600,000 | Diamondback Energy, Inc | 2.875 | 12/01/24 | 630,001 | |||||||||||||
| 750,000 | Diamondback Energy, Inc | 4.750 | 05/31/25 | 837,772 | |||||||||||||
| 425,000 | Diamondback Energy, Inc | 3.250 | 12/01/26 | 455,111 | |||||||||||||
| 1,000,000 | Diamondback Energy, Inc | 3.500 | 12/01/29 | 1,069,437 | |||||||||||||
| 650,000 | Diamondback Energy, Inc | 3.125 | 03/24/31 | 674,938 | |||||||||||||
| 1,000,000 | Diamondback Energy, Inc | 4.400 | 03/24/51 | 1,134,283 | |||||||||||||
| 750,000 | g | Eastern Gas Transmission & Storage, Inc | 3.000 | 11/15/29 | 787,297 | ||||||||||||
| 200,000 | g | Eastern Gas Transmission & Storage, Inc | 4.800 | 11/01/43 | 246,614 | ||||||||||||
| 200,000 | g | Eastern Gas Transmission & Storage, Inc | 4.600 | 12/15/44 | 238,760 | ||||||||||||
| 300,000 | El Paso Corp | 7.750 | 01/15/32 | 430,407 | |||||||||||||
| 300,000 | Enable Midstream Partners LP | 3.900 | 05/15/24 | 318,522 | |||||||||||||
| 200,000 | Enable Midstream Partners LP | 4.400 | 03/15/27 | 221,567 | |||||||||||||
| 1,250,000 | Enable Midstream Partners LP | 4.950 | 05/15/28 | 1,404,156 | |||||||||||||
| 500,000 | Enable Midstream Partners LP | 4.150 | 09/15/29 | 541,957 | |||||||||||||
| 100,000 | Enable Midstream Partners LP | 5.000 | 05/15/44 | 109,597 | |||||||||||||
| 1,200,000 | Enbridge Energy Partners LP | 5.875 | 10/15/25 | 1,398,743 | |||||||||||||
| 300,000 | Enbridge Energy Partners LP | 5.500 | 09/15/40 | 384,643 | |||||||||||||
| 200,000 | Enbridge Energy Partners LP | 7.375 | 10/15/45 | 315,381 | |||||||||||||
| 300,000 | Enbridge, Inc | 4.000 | 10/01/23 | 317,726 | |||||||||||||
| 250,000 | Enbridge, Inc | 2.500 | 01/15/25 | 260,400 | |||||||||||||
| 100,000 | Enbridge, Inc | 4.250 | 12/01/26 | 112,427 | |||||||||||||
| 100,000 | Enbridge, Inc | 3.700 | 07/15/27 | 109,911 | |||||||||||||
| 500,000 | Enbridge, Inc | 3.125 | 11/15/29 | 533,286 | |||||||||||||
| 1,500,000 | Enbridge, Inc | 2.500 | 08/01/33 | 1,505,811 | |||||||||||||
| 300,000 | Enbridge, Inc | 4.500 | 06/10/44 | 349,373 | |||||||||||||
| 925,000 | Enbridge, Inc | 5.500 | 12/01/46 | 1,240,934 | |||||||||||||
| 1,000,000 | Enbridge, Inc | 4.000 | 11/15/49 | 1,119,100 | |||||||||||||
| 2,000,000 | Enbridge, Inc | 3.400 | 08/01/51 | 2,014,915 | |||||||||||||
| 525,000 | Energy Transfer Operating LP | 3.600 | 02/01/23 | 541,281 | |||||||||||||
| 200,000 | Energy Transfer Operating LP | 4.200 | 09/15/23 | 212,426 | |||||||||||||
| 500,000 | Energy Transfer Operating LP | 4.900 | 02/01/24 | 539,073 | |||||||||||||
| 2,775,000 | Energy Transfer Operating LP | 4.500 | 04/15/24 | 3,000,974 | |||||||||||||
| 825,000 | Energy Transfer Operating LP | 4.050 | 03/15/25 | 889,954 | |||||||||||||
| 400,000 | Energy Transfer Operating LP | 2.900 | 05/15/25 | 419,277 | |||||||||||||
| 33 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 325,000 | Energy Transfer Operating LP | 4.750 | % | 01/15/26 | $ | 363,233 | ||||||||||
| 250,000 | Energy Transfer Operating LP | 4.200 | 04/15/27 | 276,454 | |||||||||||||
| 350,000 | Energy Transfer Operating LP | 4.950 | 06/15/28 | 401,576 | |||||||||||||
| 2,600,000 | Energy Transfer Operating LP | 5.250 | 04/15/29 | 3,047,642 | |||||||||||||
| 3,125,000 | Energy Transfer Operating LP | 3.750 | 05/15/30 | 3,376,750 | |||||||||||||
| 400,000 | Energy Transfer Operating LP | 4.900 | 03/15/35 | 458,535 | |||||||||||||
| 500,000 | Energy Transfer Operating LP | 5.800 | 06/15/38 | 611,627 | |||||||||||||
| 140,000 | Energy Transfer Operating LP | 7.500 | 07/01/38 | 194,466 | |||||||||||||
| 650,000 | Energy Transfer Operating LP | 6.500 | 02/01/42 | 844,495 | |||||||||||||
| 200,000 | Energy Transfer Operating LP | 5.150 | 02/01/43 | 223,632 | |||||||||||||
| 200,000 | Energy Transfer Operating LP | 5.950 | 10/01/43 | 243,894 | |||||||||||||
| 550,000 | Energy Transfer Operating LP | 5.150 | 03/15/45 | 629,536 | |||||||||||||
| 625,000 | Energy Transfer Operating LP | 6.125 | 12/15/45 | 795,254 | |||||||||||||
| 500,000 | Energy Transfer Operating LP | 5.300 | 04/15/47 | 585,744 | |||||||||||||
| 1,025,000 | Energy Transfer Operating LP | 6.000 | 06/15/48 | 1,300,672 | |||||||||||||
| 2,750,000 | Energy Transfer Operating LP | 6.250 | 04/15/49 | 3,613,529 | |||||||||||||
| 2,175,000 | Energy Transfer Operating LP | 5.000 | 05/15/50 | 2,509,349 | |||||||||||||
| 250,000 | Enterprise Products Operating LLC | 3.350 | 03/15/23 | 258,946 | |||||||||||||
| 950,000 | Enterprise Products Operating LLC | 3.900 | 02/15/24 | 1,013,849 | |||||||||||||
| 225,000 | Enterprise Products Operating LLC | 3.750 | 02/15/25 | 244,092 | |||||||||||||
| 450,000 | Enterprise Products Operating LLC | 3.700 | 02/15/26 | 493,933 | |||||||||||||
| 3,065,000 | Enterprise Products Operating LLC | 3.950 | 02/15/27 | 3,411,314 | |||||||||||||
| 725,000 | Enterprise Products Operating LLC | 4.150 | 10/16/28 | 824,801 | |||||||||||||
| 450,000 | Enterprise Products Operating LLC | 3.125 | 07/31/29 | 483,294 | |||||||||||||
| 2,250,000 | Enterprise Products Operating LLC | 2.800 | 01/31/30 | 2,350,830 | |||||||||||||
| 480,000 | Enterprise Products Operating LLC | 6.125 | 10/15/39 | 661,617 | |||||||||||||
| 175,000 | Enterprise Products Operating LLC | 5.950 | 02/01/41 | 237,339 | |||||||||||||
| 525,000 | Enterprise Products Operating LLC | 4.850 | 08/15/42 | 634,196 | |||||||||||||
| 325,000 | Enterprise Products Operating LLC | 4.450 | 02/15/43 | 374,286 | |||||||||||||
| 1,775,000 | Enterprise Products Operating LLC | 4.850 | 03/15/44 | 2,134,400 | |||||||||||||
| 775,000 | Enterprise Products Operating LLC | 5.100 | 02/15/45 | 964,300 | |||||||||||||
| 500,000 | Enterprise Products Operating LLC | 4.900 | 05/15/46 | 613,628 | |||||||||||||
| 675,000 | Enterprise Products Operating LLC | 4.250 | 02/15/48 | 764,548 | |||||||||||||
| 2,475,000 | Enterprise Products Operating LLC | 4.800 | 02/01/49 | 3,029,878 | |||||||||||||
| 950,000 | Enterprise Products Operating LLC | 4.200 | 01/31/50 | 1,070,214 | |||||||||||||
| 775,000 | Enterprise Products Operating LLC | 3.700 | 01/31/51 | 819,792 | |||||||||||||
| 1,000,000 | Enterprise Products Operating LLC | 3.200 | 02/15/52 | 967,677 | |||||||||||||
| 425,000 | Enterprise Products Operating LLC | 3.300 | 02/15/53 | 414,478 | |||||||||||||
| 200,000 | Enterprise Products Operating LLC | 4.950 | 10/15/54 | 251,670 | |||||||||||||
| 1,625,000 | Enterprise Products Operating LLC | 3.950 | 01/31/60 | 1,758,750 | |||||||||||||
| 200,000 | Enterprise Products Operating LLC | 4.875 | 08/16/77 | 197,003 | |||||||||||||
| 700,000 | Enterprise Products Operating LLC | 5.250 | 08/16/77 | 732,402 | |||||||||||||
| 400,000 | Enterprise Products Operating LLC | 5.375 | 02/15/78 | 416,360 | |||||||||||||
| 1,025,000 | EOG Resources, Inc | 2.625 | 03/15/23 | 1,052,675 | |||||||||||||
| 475,000 | EOG Resources, Inc | 4.150 | 01/15/26 | 530,018 | |||||||||||||
| 500,000 | EOG Resources, Inc | 4.375 | 04/15/30 | 583,744 | |||||||||||||
| 200,000 | EOG Resources, Inc | 3.900 | 04/01/35 | 226,489 | |||||||||||||
| 200,000 | EOG Resources, Inc | 5.100 | 01/15/36 | 245,814 | |||||||||||||
| 500,000 | EOG Resources, Inc | 4.950 | 04/15/50 | 661,976 | |||||||||||||
| 925,000 | Equinor ASA | 2.450 | 01/17/23 | 950,159 | |||||||||||||
| 475,000 | Equinor ASA | 2.650 | 01/15/24 | 496,588 | |||||||||||||
| 450,000 | Equinor ASA | 3.700 | 03/01/24 | 483,116 | |||||||||||||
| 500,000 | Equinor ASA | 3.250 | 11/10/24 | 537,322 | |||||||||||||
| 500,000 | Equinor ASA | 2.875 | 04/06/25 | 530,869 | |||||||||||||
| 34 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 400,000 | Equinor ASA | 1.750 | % | 01/22/26 | $ | 409,814 | ||||||||||
| 500,000 | Equinor ASA | 3.000 | 04/06/27 | 538,522 | |||||||||||||
| 1,500,000 | Equinor ASA | 3.625 | 09/10/28 | 1,672,434 | |||||||||||||
| 300,000 | Equinor ASA | 3.125 | 04/06/30 | 326,399 | |||||||||||||
| 1,175,000 | Equinor ASA | 2.375 | 05/22/30 | 1,208,692 | |||||||||||||
| 300,000 | Equinor ASA | 3.625 | 04/06/40 | 335,186 | |||||||||||||
| 200,000 | Equinor ASA | 5.100 | 08/17/40 | 264,903 | |||||||||||||
| 400,000 | Equinor ASA | 4.250 | 11/23/41 | 482,780 | |||||||||||||
| 300,000 | Equinor ASA | 3.950 | 05/15/43 | 345,252 | |||||||||||||
| 1,300,000 | Equinor ASA | 4.800 | 11/08/43 | 1,664,829 | |||||||||||||
| 750,000 | Equinor ASA | 3.250 | 11/18/49 | 794,725 | |||||||||||||
| 1,300,000 | Equinor ASA | 3.700 | 04/06/50 | 1,495,855 | |||||||||||||
| 1,350,000 | Exxon Mobil Corp | 2.726 | 03/01/23 | 1,390,840 | |||||||||||||
| 750,000 | Exxon Mobil Corp | 1.571 | 04/15/23 | 764,523 | |||||||||||||
| 175,000 | Exxon Mobil Corp | 3.176 | 03/15/24 | 185,313 | |||||||||||||
| 1,000,000 | Exxon Mobil Corp | 2.019 | 08/16/24 | 1,040,512 | |||||||||||||
| 850,000 | Exxon Mobil Corp | 2.709 | 03/06/25 | 898,693 | |||||||||||||
| 3,000,000 | Exxon Mobil Corp | 2.992 | 03/19/25 | 3,200,430 | |||||||||||||
| 4,177,000 | Exxon Mobil Corp | 3.043 | 03/01/26 | 4,508,153 | |||||||||||||
| 1,000,000 | Exxon Mobil Corp | 2.275 | 08/16/26 | 1,051,207 | |||||||||||||
| 750,000 | Exxon Mobil Corp | 3.294 | 03/19/27 | 823,470 | |||||||||||||
| 1,000,000 | Exxon Mobil Corp | 2.440 | 08/16/29 | 1,042,935 | |||||||||||||
| 750,000 | Exxon Mobil Corp | 3.482 | 03/19/30 | 834,367 | |||||||||||||
| 750,000 | Exxon Mobil Corp | 2.610 | 10/15/30 | 785,118 | |||||||||||||
| 1,000,000 | Exxon Mobil Corp | 2.995 | 08/16/39 | 1,033,914 | |||||||||||||
| 1,750,000 | Exxon Mobil Corp | 4.227 | 03/19/40 | 2,077,527 | |||||||||||||
| 500,000 | Exxon Mobil Corp | 3.567 | 03/06/45 | 547,757 | |||||||||||||
| 1,225,000 | Exxon Mobil Corp | 4.114 | 03/01/46 | 1,428,471 | |||||||||||||
| 1,400,000 | Exxon Mobil Corp | 3.095 | 08/16/49 | 1,416,348 | |||||||||||||
| 2,100,000 | Exxon Mobil Corp | 4.327 | 03/19/50 | 2,572,294 | |||||||||||||
| 2,800,000 | Exxon Mobil Corp | 3.452 | 04/15/51 | 2,977,598 | |||||||||||||
| 7,000 | Halliburton Co | 3.500 | 08/01/23 | 7,334 | |||||||||||||
| 187,000 | Halliburton Co | 3.800 | 11/15/25 | 204,797 | |||||||||||||
| 1,000,000 | e | Halliburton Co | 2.920 | 03/01/30 | 1,034,210 | ||||||||||||
| 500,000 | Halliburton Co | 4.850 | 11/15/35 | 589,728 | |||||||||||||
| 125,000 | Halliburton Co | 6.700 | 09/15/38 | 170,370 | |||||||||||||
| 125,000 | Halliburton Co | 7.450 | 09/15/39 | 182,124 | |||||||||||||
| 750,000 | Halliburton Co | 4.750 | 08/01/43 | 858,684 | |||||||||||||
| 2,825,000 | Halliburton Co | 5.000 | 11/15/45 | 3,384,659 | |||||||||||||
| 200,000 | Helmerich & Payne, Inc | 4.650 | 03/15/25 | 220,883 | |||||||||||||
| 1,000,000 | g | Helmerich & Payne, Inc | 2.900 | 09/29/31 | 1,002,309 | ||||||||||||
| 200,000 | Hess Corp | 3.500 | 07/15/24 | 211,526 | |||||||||||||
| 2,100,000 | Hess Corp | 4.300 | 04/01/27 | 2,332,385 | |||||||||||||
| 200,000 | Hess Corp | 6.000 | 01/15/40 | 256,750 | |||||||||||||
| 1,190,000 | Hess Corp | 5.600 | 02/15/41 | 1,486,847 | |||||||||||||
| 900,000 | Hess Corp | 5.800 | 04/01/47 | 1,172,079 | |||||||||||||
| 500,000 | HollyFrontier Corp | 2.625 | 10/01/23 | 516,222 | |||||||||||||
| 200,000 | HollyFrontier Corp | 5.875 | 04/01/26 | 229,580 | |||||||||||||
| 500,000 | HollyFrontier Corp | 4.500 | 10/01/30 | 544,442 | |||||||||||||
| 825,000 | Husky Energy, Inc | 4.400 | 04/15/29 | 925,045 | |||||||||||||
| 130,000 | Husky Energy, Inc | 6.800 | 09/15/37 | 172,625 | |||||||||||||
| 300,000 | Kinder Morgan Energy Partners LP | 4.150 | 02/01/24 | 320,868 | |||||||||||||
| 500,000 | Kinder Morgan Energy Partners LP | 4.250 | 09/01/24 | 543,925 | |||||||||||||
| 35 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 300,000 | Kinder Morgan Energy Partners LP | 6.950 | % | 01/15/38 | $ | 425,175 | ||||||||||
| 535,000 | Kinder Morgan Energy Partners LP | 6.500 | 09/01/39 | 740,122 | |||||||||||||
| 400,000 | Kinder Morgan Energy Partners LP | 4.700 | 11/01/42 | 457,400 | |||||||||||||
| 500,000 | Kinder Morgan Energy Partners LP | 5.000 | 03/01/43 | 590,681 | |||||||||||||
| 400,000 | Kinder Morgan Energy Partners LP | 5.500 | 03/01/44 | 497,506 | |||||||||||||
| 200,000 | Kinder Morgan Energy Partners LP | 5.400 | 09/01/44 | 248,130 | |||||||||||||
| 2,525,000 | Kinder Morgan, Inc | 4.300 | 06/01/25 | 2,788,594 | |||||||||||||
| 2,825,000 | Kinder Morgan, Inc | 4.300 | 03/01/28 | 3,202,050 | |||||||||||||
| 450,000 | e | Kinder Morgan, Inc | 2.000 | 02/15/31 | 433,731 | ||||||||||||
| 3,300,000 | Kinder Morgan, Inc | 5.300 | 12/01/34 | 4,072,761 | |||||||||||||
| 1,600,000 | Kinder Morgan, Inc | 5.550 | 06/01/45 | 2,038,066 | |||||||||||||
| 2,325,000 | Kinder Morgan, Inc | 5.200 | 03/01/48 | 2,902,146 | |||||||||||||
| 500,000 | Kinder Morgan, Inc | 3.250 | 08/01/50 | 481,942 | |||||||||||||
| 2,000,000 | Kinder Morgan, Inc | 3.600 | 02/15/51 | 2,021,293 | |||||||||||||
| 900,000 | Magellan Midstream Partners LP | 5.000 | 03/01/26 | 1,026,740 | |||||||||||||
| 475,000 | Magellan Midstream Partners LP | 3.250 | 06/01/30 | 507,751 | |||||||||||||
| 225,000 | Magellan Midstream Partners LP | 4.250 | 09/15/46 | 249,460 | |||||||||||||
| 425,000 | Magellan Midstream Partners LP | 4.200 | 10/03/47 | 465,804 | |||||||||||||
| 525,000 | Magellan Midstream Partners LP | 4.850 | 02/01/49 | 629,550 | |||||||||||||
| 1,500,000 | Magellan Midstream Partners LP | 3.950 | 03/01/50 | 1,593,015 | |||||||||||||
| 1,475,000 | Marathon Oil Corp | 4.400 | 07/15/27 | 1,656,838 | |||||||||||||
| 505,000 | Marathon Oil Corp | 6.600 | 10/01/37 | 668,053 | |||||||||||||
| 600,000 | Marathon Oil Corp | 5.200 | 06/01/45 | 715,386 | |||||||||||||
| 500,000 | Marathon Petroleum Corp | 4.500 | 05/01/23 | 528,418 | |||||||||||||
| 2,175,000 | Marathon Petroleum Corp | 3.625 | 09/15/24 | 2,333,890 | |||||||||||||
| 500,000 | Marathon Petroleum Corp | 4.700 | 05/01/25 | 558,123 | |||||||||||||
| 200,000 | Marathon Petroleum Corp | 3.800 | 04/01/28 | 219,184 | |||||||||||||
| 800,000 | Marathon Petroleum Corp | 6.500 | 03/01/41 | 1,107,000 | |||||||||||||
| 450,000 | Marathon Petroleum Corp | 4.750 | 09/15/44 | 526,320 | |||||||||||||
| 250,000 | Marathon Petroleum Corp | 5.850 | 12/15/45 | 320,738 | |||||||||||||
| 600,000 | Marathon Petroleum Corp | 4.500 | 04/01/48 | 679,266 | |||||||||||||
| 200,000 | Marathon Petroleum Corp | 5.000 | 09/15/54 | 238,375 | |||||||||||||
| 200,000 | MPLX LP | 3.500 | 12/01/22 | 206,324 | |||||||||||||
| 175,000 | MPLX LP | 3.375 | 03/15/23 | 181,718 | |||||||||||||
| 1,000,000 | MPLX LP | 4.875 | 12/01/24 | 1,107,648 | |||||||||||||
| 2,500,000 | MPLX LP | 4.875 | 06/01/25 | 2,793,810 | |||||||||||||
| 2,800,000 | MPLX LP | 1.750 | 03/01/26 | 2,817,242 | |||||||||||||
| 100,000 | MPLX LP | 4.125 | 03/01/27 | 111,657 | |||||||||||||
| 150,000 | MPLX LP | 4.250 | 12/01/27 | 168,541 | |||||||||||||
| 475,000 | MPLX LP | 4.000 | 03/15/28 | 524,535 | |||||||||||||
| 1,200,000 | e | MPLX LP | 4.800 | 02/15/29 | 1,388,675 | ||||||||||||
| 1,125,000 | MPLX LP | 2.650 | 08/15/30 | 1,128,862 | |||||||||||||
| 975,000 | MPLX LP | 4.500 | 04/15/38 | 1,088,429 | |||||||||||||
| 375,000 | MPLX LP | 5.200 | 03/01/47 | 454,835 | |||||||||||||
| 700,000 | MPLX LP | 5.200 | 12/01/47 | 849,890 | |||||||||||||
| 825,000 | MPLX LP | 4.700 | 04/15/48 | 952,521 | |||||||||||||
| 850,000 | MPLX LP | 5.500 | 02/15/49 | 1,077,448 | |||||||||||||
| 1,600,000 | MPLX LP | 4.900 | 04/15/58 | 1,857,742 | |||||||||||||
| 500,000 | National Oilwell Varco, Inc | 3.600 | 12/01/29 | 525,677 | |||||||||||||
| 800,000 | National Oilwell Varco, Inc | 3.950 | 12/01/42 | 793,428 | |||||||||||||
| 175,000 | ONEOK, Inc | 2.750 | 09/01/24 | 183,426 | |||||||||||||
| 100,000 | ONEOK, Inc | 5.850 | 01/15/26 | 117,336 | |||||||||||||
| 1,300,000 | ONEOK, Inc | 4.000 | 07/13/27 | 1,440,778 | |||||||||||||
| 725,000 | ONEOK, Inc | 4.550 | 07/15/28 | 822,684 | |||||||||||||
| 36 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 325,000 | ONEOK, Inc | 4.350 | % | 03/15/29 | $ | 366,731 | ||||||||||
| 500,000 | ONEOK, Inc | 3.400 | 09/01/29 | 533,239 | |||||||||||||
| 500,000 | ONEOK, Inc | 3.100 | 03/15/30 | 521,905 | |||||||||||||
| 175,000 | ONEOK, Inc | 6.350 | 01/15/31 | 224,033 | |||||||||||||
| 675,000 | ONEOK, Inc | 4.950 | 07/13/47 | 797,930 | |||||||||||||
| 1,350,000 | ONEOK, Inc | 5.200 | 07/15/48 | 1,634,664 | |||||||||||||
| 1,000,000 | e | ONEOK, Inc | 4.450 | 09/01/49 | 1,117,738 | ||||||||||||
| 500,000 | ONEOK, Inc | 4.500 | 03/15/50 | 554,378 | |||||||||||||
| 300,000 | ONEOK, Inc | 7.150 | 01/15/51 | 434,275 | |||||||||||||
| 45,000 | Petroleos Mexicanos | 1.700 | 12/20/22 | 45,369 | |||||||||||||
| 45,000 | Petroleos Mexicanos | 2.000 | 12/20/22 | 45,467 | |||||||||||||
| 500,000 | Phillips 66 | 3.700 | 04/06/23 | 523,746 | |||||||||||||
| 675,000 | Phillips 66 | 0.900 | 02/15/24 | 675,172 | |||||||||||||
| 1,000,000 | Phillips 66 | 3.850 | 04/09/25 | 1,089,820 | |||||||||||||
| 925,000 | Phillips 66 | 1.300 | 02/15/26 | 919,716 | |||||||||||||
| 1,000,000 | Phillips 66 | 3.900 | 03/15/28 | 1,108,737 | |||||||||||||
| 738,000 | Phillips 66 | 4.650 | 11/15/34 | 879,915 | |||||||||||||
| 125,000 | Phillips 66 | 5.875 | 05/01/42 | 171,733 | |||||||||||||
| 2,375,000 | Phillips 66 | 4.875 | 11/15/44 | 2,996,257 | |||||||||||||
| 500,000 | Phillips 66 Partners LP | 2.450 | 12/15/24 | 518,736 | |||||||||||||
| 100,000 | Phillips 66 Partners LP | 3.550 | 10/01/26 | 107,746 | |||||||||||||
| 675,000 | Phillips 66 Partners LP | 3.750 | 03/01/28 | 730,819 | |||||||||||||
| 500,000 | Phillips 66 Partners LP | 3.150 | 12/15/29 | 522,582 | |||||||||||||
| 425,000 | Phillips 66 Partners LP | 4.680 | 02/15/45 | 488,728 | |||||||||||||
| 350,000 | Phillips 66 Partners LP | 4.900 | 10/01/46 | 415,476 | |||||||||||||
| 1,000,000 | Pioneer Natural Resources Co | 0.750 | 01/15/24 | 998,981 | |||||||||||||
| 2,000,000 | Pioneer Natural Resources Co | 1.125 | 01/15/26 | 1,974,358 | |||||||||||||
| 200,000 | Pioneer Natural Resources Co | 4.450 | 01/15/26 | 223,144 | |||||||||||||
| 1,500,000 | Pioneer Natural Resources Co | 1.900 | 08/15/30 | 1,435,192 | |||||||||||||
| 750,000 | Pioneer Natural Resources Co | 2.150 | 01/15/31 | 729,305 | |||||||||||||
| 200,000 | Plains All American Pipeline LP | 2.850 | 01/31/23 | 204,435 | |||||||||||||
| 400,000 | Plains All American Pipeline LP | 3.850 | 10/15/23 | 420,551 | |||||||||||||
| 575,000 | Plains All American Pipeline LP | 3.600 | 11/01/24 | 613,692 | |||||||||||||
| 1,025,000 | Plains All American Pipeline LP | 4.650 | 10/15/25 | 1,135,885 | |||||||||||||
| 2,075,000 | Plains All American Pipeline LP | 4.500 | 12/15/26 | 2,320,005 | |||||||||||||
| 1,450,000 | Plains All American Pipeline LP | 3.550 | 12/15/29 | 1,525,498 | |||||||||||||
| 1,000,000 | Plains All American Pipeline LP | 3.800 | 09/15/30 | 1,067,594 | |||||||||||||
| 100,000 | Plains All American Pipeline LP | 6.650 | 01/15/37 | 131,253 | |||||||||||||
| 250,000 | Plains All American Pipeline LP | 5.150 | 06/01/42 | 280,674 | |||||||||||||
| 300,000 | Plains All American Pipeline LP | 4.700 | 06/15/44 | 321,960 | |||||||||||||
| 300,000 | Plains All American Pipeline LP | 4.900 | 02/15/45 | 323,306 | |||||||||||||
| 675,000 | Sabine Pass Liquefaction LLC | 5.625 | 04/15/23 | 717,332 | |||||||||||||
| 690,000 | Sabine Pass Liquefaction LLC | 5.750 | 05/15/24 | 768,459 | |||||||||||||
| 1,775,000 | Sabine Pass Liquefaction LLC | 5.625 | 03/01/25 | 2,014,529 | |||||||||||||
| 275,000 | Sabine Pass Liquefaction LLC | 5.875 | 06/30/26 | 323,647 | |||||||||||||
| 2,675,000 | Sabine Pass Liquefaction LLC | 5.000 | 03/15/27 | 3,075,209 | |||||||||||||
| 550,000 | Sabine Pass Liquefaction LLC | 4.200 | 03/15/28 | 614,073 | |||||||||||||
| 1,500,000 | Sabine Pass Liquefaction LLC | 4.500 | 05/15/30 | 1,728,915 | |||||||||||||
| 1,000,000 | Schlumberger Investment S.A. | 3.650 | 12/01/23 | 1,060,062 | |||||||||||||
| 1,500,000 | Schlumberger Investment S.A. | 2.650 | 06/26/30 | 1,547,475 | |||||||||||||
| 500,000 | Shell International Finance BV | 2.250 | 01/06/23 | 512,491 | |||||||||||||
| 350,000 | Shell International Finance BV | 3.400 | 08/12/23 | 369,785 | |||||||||||||
| 1,000,000 | Shell International Finance BV | 0.375 | 09/15/23 | 1,001,325 | |||||||||||||
| 37 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 500,000 | Shell International Finance BV | 2.375 | % | 04/06/25 | $ | 522,850 | ||||||||||
| 5,075,000 | Shell International Finance BV | 3.250 | 05/11/25 | 5,482,049 | |||||||||||||
| 2,075,000 | Shell International Finance BV | 2.875 | 05/10/26 | 2,235,929 | |||||||||||||
| 925,000 | Shell International Finance BV | 2.500 | 09/12/26 | 981,082 | |||||||||||||
| 1,225,000 | Shell International Finance BV | 3.875 | 11/13/28 | 1,393,282 | |||||||||||||
| 3,000,000 | Shell International Finance BV | 2.375 | 11/07/29 | 3,116,323 | |||||||||||||
| 2,500,000 | Shell International Finance BV | 2.750 | 04/06/30 | 2,654,361 | |||||||||||||
| 500,000 | Shell International Finance BV | 4.125 | 05/11/35 | 589,790 | |||||||||||||
| 350,000 | Shell International Finance BV | 6.375 | 12/15/38 | 516,541 | |||||||||||||
| 100,000 | Shell International Finance BV | 5.500 | 03/25/40 | 138,111 | |||||||||||||
| 1,200,000 | Shell International Finance BV | 4.550 | 08/12/43 | 1,503,616 | |||||||||||||
| 2,025,000 | Shell International Finance BV | 4.375 | 05/11/45 | 2,485,805 | |||||||||||||
| 650,000 | Shell International Finance BV | 4.000 | 05/10/46 | 764,977 | |||||||||||||
| 3,180,000 | Shell International Finance BV | 3.750 | 09/12/46 | 3,618,955 | |||||||||||||
| 1,500,000 | Shell International Finance BV | 3.125 | 11/07/49 | 1,552,205 | |||||||||||||
| 1,500,000 | Shell International Finance BV | 3.250 | 04/06/50 | 1,595,643 | |||||||||||||
| 200,000 | Spectra Energy Partners LP | 4.750 | 03/15/24 | 217,336 | |||||||||||||
| 400,000 | Spectra Energy Partners LP | 3.500 | 03/15/25 | 429,049 | |||||||||||||
| 1,100,000 | Spectra Energy Partners LP | 3.375 | 10/15/26 | 1,191,892 | |||||||||||||
| 200,000 | Spectra Energy Partners LP | 5.950 | 09/25/43 | 276,238 | |||||||||||||
| 600,000 | Spectra Energy Partners LP | 4.500 | 03/15/45 | 704,097 | |||||||||||||
| 500,000 | Suncor Energy, Inc | 2.800 | 05/15/23 | 517,461 | |||||||||||||
| 500,000 | Suncor Energy, Inc | 3.100 | 05/15/25 | 532,416 | |||||||||||||
| 250,000 | Suncor Energy, Inc | 6.800 | 05/15/38 | 353,581 | |||||||||||||
| 1,625,000 | Suncor Energy, Inc | 6.500 | 06/15/38 | 2,257,641 | |||||||||||||
| 1,550,000 | Suncor Energy, Inc | 4.000 | 11/15/47 | 1,721,766 | |||||||||||||
| 1,000,000 | Suncor Energy, Inc | 3.750 | 03/04/51 | 1,071,584 | |||||||||||||
| 1,181,000 | Sunoco Logistics Partners Operations LP | 3.450 | 01/15/23 | 1,215,235 | |||||||||||||
| 300,000 | Sunoco Logistics Partners Operations LP | 4.250 | 04/01/24 | 321,120 | |||||||||||||
| 200,000 | Sunoco Logistics Partners Operations LP | 5.950 | 12/01/25 | 231,959 | |||||||||||||
| 400,000 | Sunoco Logistics Partners Operations LP | 3.900 | 07/15/26 | 436,695 | |||||||||||||
| 100,000 | Sunoco Logistics Partners Operations LP | 6.100 | 02/15/42 | 123,893 | |||||||||||||
| 300,000 | Sunoco Logistics Partners Operations LP | 5.300 | 04/01/44 | 347,580 | |||||||||||||
| 200,000 | Sunoco Logistics Partners Operations LP | 5.350 | 05/15/45 | 233,250 | |||||||||||||
| 1,225,000 | Sunoco Logistics Partners Operations LP | 5.400 | 10/01/47 | 1,459,728 | |||||||||||||
| 300,000 | Total Capital Canada Ltd | 2.750 | 07/15/23 | 312,984 | |||||||||||||
| 1,675,000 | Total Capital International S.A. | 2.700 | 01/25/23 | 1,727,578 | |||||||||||||
| 750,000 | Total Capital International S.A. | 3.700 | 01/15/24 | 804,052 | |||||||||||||
| 450,000 | Total Capital International S.A. | 3.750 | 04/10/24 | 485,096 | |||||||||||||
| 500,000 | Total Capital International S.A. | 2.434 | 01/10/25 | 522,896 | |||||||||||||
| 900,000 | Total Capital International S.A. | 3.455 | 02/19/29 | 995,162 | |||||||||||||
| 1,300,000 | Total Capital International S.A. | 2.829 | 01/10/30 | 1,386,288 | |||||||||||||
| 775,000 | Total Capital International S.A. | 2.986 | 06/29/41 | 788,079 | |||||||||||||
| 500,000 | Total Capital International S.A. | 3.461 | 07/12/49 | 535,284 | |||||||||||||
| 1,500,000 | Total Capital International S.A. | 3.127 | 05/29/50 | 1,508,228 | |||||||||||||
| 1,000,000 | Total Capital International S.A. | 3.386 | 06/29/60 | 1,049,067 | |||||||||||||
| 1,125,000 | Total Capital S.A. | 3.883 | 10/11/28 | 1,273,251 | |||||||||||||
| 1,225,000 | TransCanada PipeLines Ltd | 4.875 | 01/15/26 | 1,401,461 | |||||||||||||
| 4,000,000 | TransCanada PipeLines Ltd | 4.100 | 04/15/30 | 4,537,713 | |||||||||||||
| 1,925,000 | TransCanada PipeLines Ltd | 4.625 | 03/01/34 | 2,267,518 | |||||||||||||
| 100,000 | TransCanada PipeLines Ltd | 6.200 | 10/15/37 | 136,428 | |||||||||||||
| 500,000 | TransCanada PipeLines Ltd | 4.750 | 05/15/38 | 595,131 | |||||||||||||
| 200,000 | TransCanada PipeLines Ltd | 7.625 | 01/15/39 | 309,412 | |||||||||||||
| 125,000 | TransCanada PipeLines Ltd | 6.100 | 06/01/40 | 169,531 | |||||||||||||
| 38 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,200,000 | TransCanada PipeLines Ltd | 5.000 | % | 10/16/43 | $ | 1,481,703 | ||||||||||
| 750,000 | TransCanada PipeLines Ltd | 4.875 | 05/15/48 | 946,175 | |||||||||||||
| 1,425,000 | TransCanada PipeLines Ltd | 5.100 | 03/15/49 | 1,862,110 | |||||||||||||
| 700,000 | Transcontinental Gas Pipe Line Co LLC | 7.850 | 02/01/26 | 872,760 | |||||||||||||
| 1,200,000 | Transcontinental Gas Pipe Line Co LLC | 4.000 | 03/15/28 | 1,341,225 | |||||||||||||
| 500,000 | Transcontinental Gas Pipe Line Co LLC | 3.250 | 05/15/30 | 534,502 | |||||||||||||
| 850,000 | Transcontinental Gas Pipe Line Co LLC | 4.600 | 03/15/48 | 1,031,004 | |||||||||||||
| 500,000 | Transcontinental Gas Pipe Line Co LLC | 3.950 | 05/15/50 | 560,669 | |||||||||||||
| 5,525,000 | Vale Overseas Ltd | 6.250 | 08/10/26 | 6,528,727 | |||||||||||||
| 1,000,000 | Vale Overseas Ltd | 3.750 | 07/08/30 | 1,035,950 | |||||||||||||
| 150,000 | Vale Overseas Ltd | 8.250 | 01/17/34 | 215,891 | |||||||||||||
| 1,164,000 | Vale Overseas Ltd | 6.875 | 11/21/36 | 1,551,030 | |||||||||||||
| 500,000 | Valero Energy Corp | 2.700 | 04/15/23 | 516,113 | |||||||||||||
| 750,000 | Valero Energy Corp | 1.200 | 03/15/24 | 758,385 | |||||||||||||
| 825,000 | Valero Energy Corp | 3.650 | 03/15/25 | 892,554 | |||||||||||||
| 1,250,000 | Valero Energy Corp | 2.850 | 04/15/25 | 1,316,453 | |||||||||||||
| 675,000 | Valero Energy Corp | 3.400 | 09/15/26 | 726,221 | |||||||||||||
| 750,000 | Valero Energy Corp | 2.150 | 09/15/27 | 755,258 | |||||||||||||
| 500,000 | Valero Energy Corp | 4.350 | 06/01/28 | 562,799 | |||||||||||||
| 2,075,000 | Valero Energy Corp | 4.000 | 04/01/29 | 2,281,226 | |||||||||||||
| 455,000 | Valero Energy Corp | 7.500 | 04/15/32 | 631,434 | |||||||||||||
| 850,000 | Valero Energy Corp | 6.625 | 06/15/37 | 1,147,840 | |||||||||||||
| 300,000 | e | Valero Energy Corp | 4.900 | 03/15/45 | 360,835 | ||||||||||||
| 200,000 | Valero Energy Partners LP | 4.375 | 12/15/26 | 223,894 | |||||||||||||
| 300,000 | Valero Energy Partners LP | 4.500 | 03/15/28 | 338,669 | |||||||||||||
| 2,000,000 | Williams Cos, Inc | 2.600 | 03/15/31 | 2,026,998 | |||||||||||||
| 300,000 | Williams Partners LP | 4.500 | 11/15/23 | 321,374 | |||||||||||||
| 150,000 | Williams Partners LP | 3.900 | 01/15/25 | 162,070 | |||||||||||||
| 925,000 | Williams Partners LP | 4.000 | 09/15/25 | 1,013,677 | |||||||||||||
| 1,300,000 | Williams Partners LP | 3.750 | 06/15/27 | 1,431,503 | |||||||||||||
| 300,000 | Williams Partners LP | 6.300 | 04/15/40 | 408,937 | |||||||||||||
| 300,000 | Williams Partners LP | 5.800 | 11/15/43 | 395,281 | |||||||||||||
| 300,000 | Williams Partners LP | 5.400 | 03/04/44 | 377,594 | |||||||||||||
| 1,000,000 | Williams Partners LP | 4.900 | 01/15/45 | 1,196,815 | |||||||||||||
| 225,000 | Williams Partners LP | 5.100 | 09/15/45 | 278,568 | |||||||||||||
| 1,700,000 | Williams Partners LP | 4.850 | 03/01/48 | 2,078,427 | |||||||||||||
| TOTAL ENERGY | 415,186,037 | ||||||||||||||||
| FOOD & STAPLES RETAILING - 0.1% | |||||||||||||||||
| 400,000 | Costco Wholesale Corp | 2.750 | 05/18/24 | 422,053 | |||||||||||||
| 625,000 | Costco Wholesale Corp | 3.000 | 05/18/27 | 683,167 | |||||||||||||
| 475,000 | Costco Wholesale Corp | 1.375 | 06/20/27 | 478,261 | |||||||||||||
| 725,000 | Costco Wholesale Corp | 1.600 | 04/20/30 | 708,461 | |||||||||||||
| 1,800,000 | Costco Wholesale Corp | 1.750 | 04/20/32 | 1,764,908 | |||||||||||||
| 69,000 | Delhaize Group S.A. | 5.700 | 10/01/40 | 94,424 | |||||||||||||
| 200,000 | Kroger Co | 3.850 | 08/01/23 | 210,826 | |||||||||||||
| 300,000 | Kroger Co | 4.000 | 02/01/24 | 320,627 | |||||||||||||
| 100,000 | Kroger Co | 3.500 | 02/01/26 | 109,447 | |||||||||||||
| 1,275,000 | Kroger Co | 2.650 | 10/15/26 | 1,352,235 | |||||||||||||
| 175,000 | Kroger Co | 3.700 | 08/01/27 | 193,729 | |||||||||||||
| 1,150,000 | Kroger Co | 4.500 | 01/15/29 | 1,346,824 | |||||||||||||
| 250,000 | Kroger Co | 2.200 | 05/01/30 | 251,174 | |||||||||||||
| 1,500,000 | Kroger Co | 1.700 | 01/15/31 | 1,432,408 | |||||||||||||
| 39 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 100,000 | Kroger Co | 6.900 | % | 04/15/38 | $ | 145,474 | ||||||||||
| 250,000 | Kroger Co | 5.000 | 04/15/42 | 317,163 | |||||||||||||
| 300,000 | Kroger Co | 5.150 | 08/01/43 | 391,504 | |||||||||||||
| 300,000 | Kroger Co | 3.875 | 10/15/46 | 331,763 | |||||||||||||
| 900,000 | Kroger Co | 4.450 | 02/01/47 | 1,075,962 | |||||||||||||
| 700,000 | Kroger Co | 4.650 | 01/15/48 | 863,121 | |||||||||||||
| 300,000 | Kroger Co | 5.400 | 01/15/49 | 409,655 | |||||||||||||
| 500,000 | Kroger Co | 3.950 | 01/15/50 | 567,441 | |||||||||||||
| 250,000 | SYSCO Corp | 3.550 | 03/15/25 | 270,687 | |||||||||||||
| 2,500,000 | SYSCO Corp | 5.650 | 04/01/25 | 2,875,329 | |||||||||||||
| 125,000 | SYSCO Corp | 3.750 | 10/01/25 | 136,829 | |||||||||||||
| 350,000 | SYSCO Corp | 3.300 | 07/15/26 | 378,075 | |||||||||||||
| 1,000,000 | SYSCO Corp | 2.400 | 02/15/30 | 1,015,006 | |||||||||||||
| 332,000 | SYSCO Corp | 5.950 | 04/01/30 | 422,301 | |||||||||||||
| 300,000 | SYSCO Corp | 4.850 | 10/01/45 | 373,924 | |||||||||||||
| 500,000 | SYSCO Corp | 4.500 | 04/01/46 | 599,769 | |||||||||||||
| 250,000 | SYSCO Corp | 4.450 | 03/15/48 | 297,063 | |||||||||||||
| 550,000 | SYSCO Corp | 3.300 | 02/15/50 | 562,808 | |||||||||||||
| 905,000 | SYSCO Corp | 6.600 | 04/01/50 | 1,423,614 | |||||||||||||
| 622,000 | Walgreens Boots Alliance, Inc | 3.450 | 06/01/26 | 674,602 | |||||||||||||
| 750,000 | e | Walgreens Boots Alliance, Inc | 3.200 | 04/15/30 | 802,983 | ||||||||||||
| 1,400,000 | Walgreens Boots Alliance, Inc | 4.500 | 11/18/34 | 1,618,797 | |||||||||||||
| 525,000 | Walgreens Boots Alliance, Inc | 4.650 | 06/01/46 | 623,475 | |||||||||||||
| 750,000 | Walgreens Boots Alliance, Inc | 4.100 | 04/15/50 | 829,747 | |||||||||||||
| 675,000 | Walmart, Inc | 2.350 | 12/15/22 | 689,293 | |||||||||||||
| 1,475,000 | Walmart, Inc | 2.550 | 04/11/23 | 1,517,781 | |||||||||||||
| 1,100,000 | Walmart, Inc | 3.400 | 06/26/23 | 1,156,466 | |||||||||||||
| 1,250,000 | Walmart, Inc | 3.300 | 04/22/24 | 1,332,211 | |||||||||||||
| 21,000 | Walmart, Inc | 2.375 | 09/24/29 | 22,220 | |||||||||||||
| TOTAL FOOD & STAPLES RETAILING | 31,093,607 | ||||||||||||||||
| FOOD, BEVERAGE & TOBACCO - 1.0% | |||||||||||||||||
| 300,000 | Altria Group, Inc | 2.350 | 05/06/25 | 311,053 | |||||||||||||
| 727,000 | Altria Group, Inc | 4.400 | 02/14/26 | 816,528 | |||||||||||||
| 700,000 | Altria Group, Inc | 2.625 | 09/16/26 | 733,832 | |||||||||||||
| 800,000 | Altria Group, Inc | 3.400 | 05/06/30 | 846,554 | |||||||||||||
| 1,175,000 | Altria Group, Inc | 2.450 | 02/04/32 | 1,125,920 | |||||||||||||
| 800,000 | Altria Group, Inc | 5.800 | 02/14/39 | 983,746 | |||||||||||||
| 1,500,000 | Altria Group, Inc | 3.400 | 02/04/41 | 1,420,559 | |||||||||||||
| 925,000 | Altria Group, Inc | 4.250 | 08/09/42 | 962,480 | |||||||||||||
| 300,000 | Altria Group, Inc | 4.500 | 05/02/43 | 318,388 | |||||||||||||
| 775,000 | Altria Group, Inc | 5.375 | 01/31/44 | 912,349 | |||||||||||||
| 900,000 | Altria Group, Inc | 3.875 | 09/16/46 | 876,572 | |||||||||||||
| 1,875,000 | Altria Group, Inc | 5.950 | 02/14/49 | 2,374,632 | |||||||||||||
| 1,000,000 | Altria Group, Inc | 4.450 | 05/06/50 | 1,050,846 | |||||||||||||
| 1,000,000 | Altria Group, Inc | 3.700 | 02/04/51 | 941,543 | |||||||||||||
| 1,000,000 | Altria Group, Inc | 4.000 | 02/04/61 | 957,757 | |||||||||||||
| 1,125,000 | Anheuser-Busch InBev Finance, Inc | 4.625 | 02/01/44 | 1,326,211 | |||||||||||||
| 625,000 | Anheuser-Busch InBev Worldwide, Inc | 4.900 | 01/23/31 | 758,892 | |||||||||||||
| 1,700,000 | Anheuser-Busch InBev Worldwide, Inc | 4.375 | 04/15/38 | 1,984,358 | |||||||||||||
| 100,000 | Anheuser-Busch InBev Worldwide, Inc | 8.200 | 01/15/39 | 163,637 | |||||||||||||
| 2,675,000 | Anheuser-Busch InBev Worldwide, Inc | 5.450 | 01/23/39 | 3,464,667 | |||||||||||||
| 500,000 | Anheuser-Busch InBev Worldwide, Inc | 4.350 | 06/01/40 | 581,022 | |||||||||||||
| 150,000 | Anheuser-Busch InBev Worldwide, Inc | 4.950 | 01/15/42 | 185,308 | |||||||||||||
| 40 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 425,000 | Anheuser-Busch InBev Worldwide, Inc | 4.600 | % | 04/15/48 | $ | 507,375 | ||||||||||
| 1,764,000 | Anheuser-Busch InBev Worldwide, Inc | 4.439 | 10/06/48 | 2,063,708 | |||||||||||||
| 2,025,000 | Anheuser-Busch InBev Worldwide, Inc | 5.550 | 01/23/49 | 2,742,538 | |||||||||||||
| 5,441,000 | Anheuser-Busch InBev Worldwide, Inc | 4.500 | 06/01/50 | 6,495,039 | |||||||||||||
| 1,725,000 | Anheuser-Busch InBev Worldwide, Inc | 4.750 | 04/15/58 | 2,115,170 | |||||||||||||
| 2,150,000 | Anheuser-Busch InBev Worldwide, Inc | 5.800 | 01/23/59 | 3,037,156 | |||||||||||||
| 500,000 | Anheuser-Busch InBev Worldwide, Inc | 4.600 | 06/01/60 | 600,774 | |||||||||||||
| 3,075,000 | Archer-Daniels-Midland Co | 2.500 | 08/11/26 | 3,270,830 | |||||||||||||
| 1,500,000 | Archer-Daniels-Midland Co | 3.250 | 03/27/30 | 1,644,526 | |||||||||||||
| 800,000 | Archer-Daniels-Midland Co | 4.500 | 03/15/49 | 1,042,510 | |||||||||||||
| 1,000,000 | Archer-Daniels-Midland Co | 2.700 | 09/15/51 | 977,886 | |||||||||||||
| 4,950,000 | BAT Capital Corp | 3.222 | 08/15/24 | 5,247,523 | |||||||||||||
| 500,000 | BAT Capital Corp | 2.789 | 09/06/24 | 525,827 | |||||||||||||
| 3,525,000 | BAT Capital Corp | 3.557 | 08/15/27 | 3,797,955 | |||||||||||||
| 400,000 | BAT Capital Corp | 2.259 | 03/25/28 | 397,010 | |||||||||||||
| 275,000 | BAT Capital Corp | 4.906 | 04/02/30 | 314,878 | |||||||||||||
| 650,000 | BAT Capital Corp | 2.726 | 03/25/31 | 640,098 | |||||||||||||
| 1,400,000 | BAT Capital Corp | 4.390 | 08/15/37 | 1,503,647 | |||||||||||||
| 475,000 | BAT Capital Corp | 3.734 | 09/25/40 | 458,271 | |||||||||||||
| 2,625,000 | BAT Capital Corp | 4.540 | 08/15/47 | 2,719,384 | |||||||||||||
| 900,000 | BAT Capital Corp | 4.758 | 09/06/49 | 972,898 | |||||||||||||
| 500,000 | BAT Capital Corp | 5.282 | 04/02/50 | 574,435 | |||||||||||||
| 1,000,000 | BAT Capital Corp | 3.984 | 09/25/50 | 961,939 | |||||||||||||
| 5,000,000 | BAT International Finance plc | 1.668 | 03/25/26 | 5,002,785 | |||||||||||||
| 200,000 | Brown-Forman Corp | 3.500 | 04/15/25 | 216,446 | |||||||||||||
| 200,000 | Brown-Forman Corp | 4.000 | 04/15/38 | 232,504 | |||||||||||||
| 200,000 | Brown-Forman Corp | 4.500 | 07/15/45 | 254,176 | |||||||||||||
| 500,000 | Bunge Ltd | 4.350 | 03/15/24 | 540,623 | |||||||||||||
| 500,000 | Bunge Ltd | 1.630 | 08/17/25 | 505,204 | |||||||||||||
| 125,000 | Bunge Ltd | 3.250 | 08/15/26 | 134,593 | |||||||||||||
| 500,000 | Bunge Ltd | 3.750 | 09/25/27 | 553,113 | |||||||||||||
| 1,500,000 | Bunge Ltd | 2.750 | 05/14/31 | 1,519,877 | |||||||||||||
| 215,000 | Campbell Soup Co | 3.650 | 03/15/23 | 223,341 | |||||||||||||
| 500,000 | Campbell Soup Co | 3.950 | 03/15/25 | 545,069 | |||||||||||||
| 725,000 | Campbell Soup Co | 4.150 | 03/15/28 | 816,579 | |||||||||||||
| 500,000 | Campbell Soup Co | 2.375 | 04/24/30 | 503,333 | |||||||||||||
| 800,000 | Campbell Soup Co | 4.800 | 03/15/48 | 1,000,339 | |||||||||||||
| 500,000 | Campbell Soup Co | 3.125 | 04/24/50 | 483,856 | |||||||||||||
| 300,000 | Coca-Cola Bottling Co Consolidated | 3.800 | 11/25/25 | 329,235 | |||||||||||||
| 800,000 | Coca-Cola Co | 1.750 | 09/06/24 | 829,335 | |||||||||||||
| 1,000,000 | Coca-Cola Co | 1.450 | 06/01/27 | 1,009,467 | |||||||||||||
| 1,000,000 | Coca-Cola Co | 1.500 | 03/05/28 | 996,368 | |||||||||||||
| 2,000,000 | Coca-Cola Co | 1.000 | 03/15/28 | 1,931,320 | |||||||||||||
| 600,000 | Coca-Cola Co | 2.125 | 09/06/29 | 616,198 | |||||||||||||
| 300,000 | Coca-Cola Co | 3.450 | 03/25/30 | 335,634 | |||||||||||||
| 800,000 | Coca-Cola Co | 1.650 | 06/01/30 | 781,757 | |||||||||||||
| 1,500,000 | Coca-Cola Co | 2.000 | 03/05/31 | 1,505,299 | |||||||||||||
| 2,000,000 | Coca-Cola Co | 1.375 | 03/15/31 | 1,899,680 | |||||||||||||
| 2,000,000 | Coca-Cola Co | 2.250 | 01/05/32 | 2,026,639 | |||||||||||||
| 725,000 | Coca-Cola Co | 2.500 | 06/01/40 | 704,649 | |||||||||||||
| 1,000,000 | Coca-Cola Co | 2.875 | 05/05/41 | 1,031,355 | |||||||||||||
| 1,500,000 | Coca-Cola Co | 2.600 | 06/01/50 | 1,433,426 | |||||||||||||
| 1,500,000 | Coca-Cola Co | 3.000 | 03/05/51 | 1,553,262 | |||||||||||||
| 41 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | Coca-Cola Co | 2.750 | % | 06/01/60 | $ | 964,874 | ||||||||||
| 1,500,000 | Coca-Cola Femsa SAB de C.V. | 2.750 | 01/22/30 | 1,546,740 | |||||||||||||
| 200,000 | Coca-Cola Femsa SAB de C.V. | 5.250 | 11/26/43 | 263,198 | |||||||||||||
| 455,000 | ConAgra Brands, Inc | 3.200 | 01/25/23 | 468,048 | |||||||||||||
| 475,000 | ConAgra Brands, Inc | 0.500 | 08/11/23 | 474,990 | |||||||||||||
| 1,000,000 | ConAgra Brands, Inc | 4.300 | 05/01/24 | 1,084,067 | |||||||||||||
| 450,000 | ConAgra Brands, Inc | 4.600 | 11/01/25 | 505,748 | |||||||||||||
| 500,000 | ConAgra Brands, Inc | 1.375 | 11/01/27 | 486,975 | |||||||||||||
| 100,000 | ConAgra Brands, Inc | 7.000 | 10/01/28 | 130,260 | |||||||||||||
| 1,575,000 | ConAgra Brands, Inc | 4.850 | 11/01/28 | 1,847,475 | |||||||||||||
| 750,000 | ConAgra Brands, Inc | 5.300 | 11/01/38 | 953,834 | |||||||||||||
| 750,000 | ConAgra Brands, Inc | 5.400 | 11/01/48 | 995,827 | |||||||||||||
| 1,250,000 | Constellation Brands, Inc | 3.200 | 02/15/23 | 1,292,962 | |||||||||||||
| 2,275,000 | Constellation Brands, Inc | 4.250 | 05/01/23 | 2,403,765 | |||||||||||||
| 100,000 | Constellation Brands, Inc | 4.400 | 11/15/25 | 111,985 | |||||||||||||
| 750,000 | Constellation Brands, Inc | 3.700 | 12/06/26 | 825,975 | |||||||||||||
| 300,000 | Constellation Brands, Inc | 3.500 | 05/09/27 | 329,156 | |||||||||||||
| 700,000 | Constellation Brands, Inc | 3.600 | 02/15/28 | 769,126 | |||||||||||||
| 300,000 | Constellation Brands, Inc | 4.650 | 11/15/28 | 346,114 | |||||||||||||
| 1,000,000 | Constellation Brands, Inc | 3.150 | 08/01/29 | 1,069,358 | |||||||||||||
| 100,000 | Constellation Brands, Inc | 2.875 | 05/01/30 | 104,024 | |||||||||||||
| 425,000 | Constellation Brands, Inc | 2.250 | 08/01/31 | 418,190 | |||||||||||||
| 300,000 | Constellation Brands, Inc | 4.100 | 02/15/48 | 338,616 | |||||||||||||
| 300,000 | Constellation Brands, Inc | 5.250 | 11/15/48 | 392,954 | |||||||||||||
| 1,250,000 | Constellation Brands, Inc | 3.750 | 05/01/50 | 1,357,145 | |||||||||||||
| 1,725,000 | Diageo Capital plc | 2.625 | 04/29/23 | 1,776,984 | |||||||||||||
| 750,000 | Diageo Capital plc | 2.125 | 10/24/24 | 781,678 | |||||||||||||
| 500,000 | Diageo Capital plc | 1.375 | 09/29/25 | 505,655 | |||||||||||||
| 425,000 | Diageo Capital plc | 3.875 | 05/18/28 | 479,370 | |||||||||||||
| 1,033,000 | Diageo Capital plc | 2.000 | 04/29/30 | 1,028,995 | |||||||||||||
| 1,900,000 | Diageo Capital plc | 2.125 | 04/29/32 | 1,889,280 | |||||||||||||
| 200,000 | Diageo Capital plc | 5.875 | 09/30/36 | 280,925 | |||||||||||||
| 400,000 | Diageo Capital plc | 3.875 | 04/29/43 | 468,231 | |||||||||||||
| 100,000 | Flowers Foods, Inc | 3.500 | 10/01/26 | 108,334 | |||||||||||||
| 400,000 | Flowers Foods, Inc | 2.400 | 03/15/31 | 399,784 | |||||||||||||
| 200,000 | Fomento Economico Mexicano SAB de C.V. | 2.875 | 05/10/23 | 205,680 | |||||||||||||
| 300,000 | Fomento Economico Mexicano SAB de C.V. | 4.375 | 05/10/43 | 351,093 | |||||||||||||
| 2,500,000 | Fomento Economico Mexicano SAB de C.V. | 3.500 | 01/16/50 | 2,615,575 | |||||||||||||
| 200,000 | General Mills, Inc | 3.700 | 10/17/23 | 212,280 | |||||||||||||
| 500,000 | General Mills, Inc | 3.650 | 02/15/24 | 530,201 | |||||||||||||
| 150,000 | General Mills, Inc | 4.000 | 04/17/25 | 164,758 | |||||||||||||
| 800,000 | General Mills, Inc | 3.200 | 02/10/27 | 867,645 | |||||||||||||
| 3,800,000 | General Mills, Inc | 4.200 | 04/17/28 | 4,330,016 | |||||||||||||
| 100,000 | General Mills, Inc | 2.875 | 04/15/30 | 105,104 | |||||||||||||
| 951,000 | e,g | General Mills, Inc | 3.000 | 02/01/51 | 949,320 | ||||||||||||
| 300,000 | Hershey Co | 2.050 | 11/15/24 | 312,292 | |||||||||||||
| 500,000 | Hershey Co | 0.900 | 06/01/25 | 499,758 | |||||||||||||
| 300,000 | Hershey Co | 2.450 | 11/15/29 | 312,796 | |||||||||||||
| 500,000 | Hershey Co | 1.700 | 06/01/30 | 491,981 | |||||||||||||
| 300,000 | Hershey Co | 3.375 | 08/15/46 | 328,923 | |||||||||||||
| 300,000 | Hershey Co | 3.125 | 11/15/49 | 317,816 | |||||||||||||
| 100,000 | Hershey Co | 2.650 | 06/01/50 | 97,663 | |||||||||||||
| 1,500,000 | Hormel Foods Corp | 1.700 | 06/03/28 | 1,507,087 | |||||||||||||
| 1,500,000 | Hormel Foods Corp | 1.800 | 06/11/30 | 1,475,337 | |||||||||||||
| 42 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 500,000 | Hormel Foods Corp | 3.050 | % | 06/03/51 | $ | 520,329 | ||||||||||
| 300,000 | Ingredion, Inc | 3.200 | 10/01/26 | 323,986 | |||||||||||||
| 750,000 | Ingredion, Inc | 3.900 | 06/01/50 | 845,954 | |||||||||||||
| 425,000 | J M Smucker Co | 2.125 | 03/15/32 | 414,854 | |||||||||||||
| 550,000 | J M Smucker Co | 2.750 | 09/15/41 | 532,674 | |||||||||||||
| 1,475,000 | JM Smucker Co | 3.500 | 03/15/25 | 1,592,897 | |||||||||||||
| 200,000 | JM Smucker Co | 3.375 | 12/15/27 | 217,663 | |||||||||||||
| 150,000 | JM Smucker Co | 2.375 | 03/15/30 | 152,444 | |||||||||||||
| 300,000 | JM Smucker Co | 4.250 | 03/15/35 | 350,426 | |||||||||||||
| 300,000 | JM Smucker Co | 4.375 | 03/15/45 | 359,282 | |||||||||||||
| 400,000 | JM Smucker Co | 3.550 | 03/15/50 | 431,185 | |||||||||||||
| 417,000 | Kellogg Co | 2.650 | 12/01/23 | 435,901 | |||||||||||||
| 1,800,000 | Kellogg Co | 3.250 | 04/01/26 | 1,953,648 | |||||||||||||
| 200,000 | Kellogg Co | 3.400 | 11/15/27 | 218,602 | |||||||||||||
| 800,000 | Kellogg Co | 4.300 | 05/15/28 | 916,362 | |||||||||||||
| 275,000 | Kellogg Co | 2.100 | 06/01/30 | 272,396 | |||||||||||||
| 150,000 | Kellogg Co | 4.500 | 04/01/46 | 184,534 | |||||||||||||
| 804,000 | Keurig Dr Pepper, Inc | 4.057 | 05/25/23 | 849,703 | |||||||||||||
| 500,000 | Keurig Dr Pepper, Inc | 3.130 | 12/15/23 | 526,352 | |||||||||||||
| 275,000 | Keurig Dr Pepper, Inc | 4.417 | 05/25/25 | 305,605 | |||||||||||||
| 200,000 | Keurig Dr Pepper, Inc | 3.400 | 11/15/25 | 216,956 | |||||||||||||
| 200,000 | Keurig Dr Pepper, Inc | 2.550 | 09/15/26 | 211,267 | |||||||||||||
| 2,750,000 | Keurig Dr Pepper, Inc | 4.597 | 05/25/28 | 3,192,547 | |||||||||||||
| 750,000 | Keurig Dr Pepper, Inc | 3.200 | 05/01/30 | 807,721 | |||||||||||||
| 1,500,000 | Keurig Dr Pepper, Inc | 2.250 | 03/15/31 | 1,502,347 | |||||||||||||
| 500,000 | Keurig Dr Pepper, Inc | 4.420 | 12/15/46 | 600,001 | |||||||||||||
| 750,000 | Keurig Dr Pepper, Inc | 5.085 | 05/25/48 | 995,070 | |||||||||||||
| 1,500,000 | Keurig Dr Pepper, Inc | 3.350 | 03/15/51 | 1,557,083 | |||||||||||||
| 250,000 | McCormick & Co, Inc | 3.150 | 08/15/24 | 265,920 | |||||||||||||
| 625,000 | McCormick & Co, Inc | 0.900 | 02/15/26 | 614,592 | |||||||||||||
| 250,000 | McCormick & Co, Inc | 3.400 | 08/15/27 | 274,821 | |||||||||||||
| 500,000 | McCormick & Co, Inc | 2.500 | 04/15/30 | 511,150 | |||||||||||||
| 325,000 | McCormick & Co, Inc | 1.850 | 02/15/31 | 314,147 | |||||||||||||
| 400,000 | McCormick & Co, Inc | 4.200 | 08/15/47 | 473,798 | |||||||||||||
| 925,000 | Mead Johnson Nutrition Co | 4.125 | 11/15/25 | 1,030,039 | |||||||||||||
| 350,000 | Mead Johnson Nutrition Co | 4.600 | 06/01/44 | 448,058 | |||||||||||||
| 1,025,000 | Molson Coors Brewing Co | 3.000 | 07/15/26 | 1,094,981 | |||||||||||||
| 525,000 | Molson Coors Brewing Co | 5.000 | 05/01/42 | 641,058 | |||||||||||||
| 1,550,000 | Molson Coors Brewing Co | 4.200 | 07/15/46 | 1,715,418 | |||||||||||||
| 1,000,000 | Mondelez International, Inc | 1.500 | 05/04/25 | 1,015,064 | |||||||||||||
| 775,000 | Mondelez International, Inc | 2.750 | 04/13/30 | 810,907 | |||||||||||||
| 400,000 | Mondelez International, Inc | 1.500 | 02/04/31 | 376,453 | |||||||||||||
| 725,000 | Mondelez International, Inc | 1.875 | 10/15/32 | 695,584 | |||||||||||||
| 1,200,000 | Mondelez International, Inc | 2.625 | 09/04/50 | 1,113,391 | |||||||||||||
| 700,000 | PepsiCo, Inc | 2.750 | 03/01/23 | 724,750 | |||||||||||||
| 1,000,000 | PepsiCo, Inc | 0.400 | 10/07/23 | 1,002,472 | |||||||||||||
| 1,425,000 | PepsiCo, Inc | 3.600 | 03/01/24 | 1,519,919 | |||||||||||||
| 525,000 | PepsiCo, Inc | 2.750 | 04/30/25 | 557,183 | |||||||||||||
| 425,000 | PepsiCo, Inc | 3.500 | 07/17/25 | 463,009 | |||||||||||||
| 275,000 | PepsiCo, Inc | 2.850 | 02/24/26 | 294,906 | |||||||||||||
| 1,300,000 | PepsiCo, Inc | 2.375 | 10/06/26 | 1,378,855 | |||||||||||||
| 150,000 | PepsiCo, Inc | 2.625 | 03/19/27 | 160,041 | |||||||||||||
| 500,000 | PepsiCo, Inc | 2.750 | 03/19/30 | 533,141 | |||||||||||||
| 43 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,275,000 | PepsiCo, Inc | 1.625 | % | 05/01/30 | $ | 2,228,852 | ||||||||||
| 2,000,000 | PepsiCo, Inc | 1.400 | 02/25/31 | 1,922,111 | |||||||||||||
| 750,000 | PepsiCo, Inc | 3.500 | 03/19/40 | 835,831 | |||||||||||||
| 625,000 | PepsiCo, Inc | 4.000 | 03/05/42 | 743,688 | |||||||||||||
| 200,000 | PepsiCo, Inc | 3.600 | 08/13/42 | 225,246 | |||||||||||||
| 450,000 | PepsiCo, Inc | 4.600 | 07/17/45 | 577,925 | |||||||||||||
| 1,600,000 | PepsiCo, Inc | 4.450 | 04/14/46 | 2,022,426 | |||||||||||||
| 575,000 | PepsiCo, Inc | 3.450 | 10/06/46 | 636,331 | |||||||||||||
| 925,000 | PepsiCo, Inc | 4.000 | 05/02/47 | 1,104,434 | |||||||||||||
| 1,250,000 | PepsiCo, Inc | 3.375 | 07/29/49 | 1,367,608 | |||||||||||||
| 750,000 | PepsiCo, Inc | 2.875 | 10/15/49 | 763,992 | |||||||||||||
| 1,250,000 | PepsiCo, Inc | 3.625 | 03/19/50 | 1,439,948 | |||||||||||||
| 750,000 | PepsiCo, Inc | 3.875 | 03/19/60 | 912,027 | |||||||||||||
| 450,000 | Philip Morris International, Inc | 2.500 | 11/02/22 | 459,950 | |||||||||||||
| 500,000 | Philip Morris International, Inc | 2.625 | 03/06/23 | 515,669 | |||||||||||||
| 300,000 | Philip Morris International, Inc | 2.125 | 05/10/23 | 307,530 | |||||||||||||
| 300,000 | Philip Morris International, Inc | 3.600 | 11/15/23 | 319,733 | |||||||||||||
| 600,000 | Philip Morris International, Inc | 3.250 | 11/10/24 | 644,515 | |||||||||||||
| 500,000 | Philip Morris International, Inc | 1.500 | 05/01/25 | 507,364 | |||||||||||||
| 500,000 | Philip Morris International, Inc | 3.375 | 08/11/25 | 540,308 | |||||||||||||
| 700,000 | Philip Morris International, Inc | 2.750 | 02/25/26 | 742,683 | |||||||||||||
| 1,000,000 | Philip Morris International, Inc | 0.875 | 05/01/26 | 981,481 | |||||||||||||
| 1,300,000 | Philip Morris International, Inc | 3.125 | 08/17/27 | 1,409,940 | |||||||||||||
| 1,500,000 | Philip Morris International, Inc | 3.125 | 03/02/28 | 1,614,112 | |||||||||||||
| 1,450,000 | Philip Morris International, Inc | 3.375 | 08/15/29 | 1,592,532 | |||||||||||||
| 450,000 | Philip Morris International, Inc | 2.100 | 05/01/30 | 447,148 | |||||||||||||
| 1,000,000 | Philip Morris International, Inc | 1.750 | 11/01/30 | 963,113 | |||||||||||||
| 400,000 | Philip Morris International, Inc | 6.375 | 05/16/38 | 561,039 | |||||||||||||
| 225,000 | Philip Morris International, Inc | 4.375 | 11/15/41 | 260,154 | |||||||||||||
| 200,000 | Philip Morris International, Inc | 4.500 | 03/20/42 | 235,595 | |||||||||||||
| 275,000 | Philip Morris International, Inc | 3.875 | 08/21/42 | 298,360 | |||||||||||||
| 300,000 | Philip Morris International, Inc | 4.125 | 03/04/43 | 335,067 | |||||||||||||
| 200,000 | Philip Morris International, Inc | 4.875 | 11/15/43 | 245,214 | |||||||||||||
| 2,000,000 | Philip Morris International, Inc | 4.250 | 11/10/44 | 2,287,310 | |||||||||||||
| 200,000 | Reynolds American, Inc | 4.850 | 09/15/23 | 216,454 | |||||||||||||
| 550,000 | Reynolds American, Inc | 4.450 | 06/12/25 | 606,331 | |||||||||||||
| 750,000 | Reynolds American, Inc | 5.700 | 08/15/35 | 897,652 | |||||||||||||
| 65,000 | Reynolds American, Inc | 7.250 | 06/15/37 | 87,492 | |||||||||||||
| 200,000 | Reynolds American, Inc | 6.150 | 09/15/43 | 246,665 | |||||||||||||
| 1,775,000 | Reynolds American, Inc | 5.850 | 08/15/45 | 2,129,746 | |||||||||||||
| 100,000 | Tyson Foods, Inc | 3.900 | 09/28/23 | 106,482 | |||||||||||||
| 750,000 | Tyson Foods, Inc | 3.950 | 08/15/24 | 810,807 | |||||||||||||
| 500,000 | Tyson Foods, Inc | 4.000 | 03/01/26 | 556,799 | |||||||||||||
| 1,150,000 | Tyson Foods, Inc | 3.550 | 06/02/27 | 1,268,808 | |||||||||||||
| 500,000 | Tyson Foods, Inc | 4.350 | 03/01/29 | 578,753 | |||||||||||||
| 500,000 | Tyson Foods, Inc | 5.150 | 08/15/44 | 646,158 | |||||||||||||
| 300,000 | Tyson Foods, Inc | 4.550 | 06/02/47 | 368,080 | |||||||||||||
| 1,700,000 | Tyson Foods, Inc | 5.100 | 09/28/48 | 2,245,782 | |||||||||||||
| TOTAL FOOD, BEVERAGE & TOBACCO | 217,432,351 | ||||||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES - 1.4% | |||||||||||||||||
| 200,000 | Abbott Laboratories | 3.400 | 11/30/23 | 212,621 | |||||||||||||
| 275,000 | Abbott Laboratories | 2.950 | 03/15/25 | 292,957 | |||||||||||||
| 1,708,000 | Abbott Laboratories | 3.750 | 11/30/26 | 1,915,938 | |||||||||||||
| 44 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 625,000 | Abbott Laboratories | 1.150 | % | 01/30/28 | $ | 608,329 | ||||||||||
| 200,000 | Abbott Laboratories | 1.400 | 06/30/30 | 192,122 | |||||||||||||
| 2,750,000 | Abbott Laboratories | 4.750 | 11/30/36 | 3,498,996 | |||||||||||||
| 3,450,000 | Abbott Laboratories | 4.900 | 11/30/46 | 4,671,230 | |||||||||||||
| 500,000 | Adventist Health System | 2.952 | 03/01/29 | 524,848 | |||||||||||||
| 500,000 | Adventist Health System | 3.630 | 03/01/49 | 544,450 | |||||||||||||
| 200,000 | Advocate Health & Hospitals Corp | 3.829 | 08/15/28 | 224,586 | |||||||||||||
| 750,000 | Advocate Health & Hospitals Corp | 2.211 | 06/15/30 | 759,935 | |||||||||||||
| 100,000 | Advocate Health & Hospitals Corp | 4.272 | 08/15/48 | 124,898 | |||||||||||||
| 600,000 | Advocate Health & Hospitals Corp | 3.387 | 10/15/49 | 660,993 | |||||||||||||
| 500,000 | Advocate Health & Hospitals Corp | 3.008 | 06/15/50 | 512,893 | |||||||||||||
| 1,500,000 | AHS Hospital Corp | 2.780 | 07/01/51 | 1,467,030 | |||||||||||||
| 200,000 | Allina Health System | 3.887 | 04/15/49 | 233,249 | |||||||||||||
| 1,000,000 | AmerisourceBergen Corp | 0.737 | 03/15/23 | 1,001,520 | |||||||||||||
| 400,000 | AmerisourceBergen Corp | 3.400 | 05/15/24 | 423,884 | |||||||||||||
| 700,000 | AmerisourceBergen Corp | 3.250 | 03/01/25 | 745,545 | |||||||||||||
| 200,000 | AmerisourceBergen Corp | 3.450 | 12/15/27 | 218,609 | |||||||||||||
| 1,000,000 | AmerisourceBergen Corp | 2.800 | 05/15/30 | 1,036,844 | |||||||||||||
| 1,000,000 | AmerisourceBergen Corp | 2.700 | 03/15/31 | 1,022,823 | |||||||||||||
| 700,000 | AmerisourceBergen Corp | 4.300 | 12/15/47 | 812,686 | |||||||||||||
| 500,000 | Anthem, Inc | 3.300 | 01/15/23 | 518,045 | |||||||||||||
| 225,000 | Anthem, Inc | 3.500 | 08/15/24 | 240,844 | |||||||||||||
| 1,625,000 | Anthem, Inc | 3.350 | 12/01/24 | 1,742,046 | |||||||||||||
| 1,500,000 | Anthem, Inc | 2.375 | 01/15/25 | 1,562,602 | |||||||||||||
| 1,000,000 | Anthem, Inc | 1.500 | 03/15/26 | 1,008,388 | |||||||||||||
| 850,000 | Anthem, Inc | 3.650 | 12/01/27 | 944,237 | |||||||||||||
| 1,225,000 | Anthem, Inc | 4.101 | 03/01/28 | 1,386,716 | |||||||||||||
| 500,000 | e | Anthem, Inc | 2.875 | 09/15/29 | 526,334 | ||||||||||||
| 1,500,000 | Anthem, Inc | 2.250 | 05/15/30 | 1,505,201 | |||||||||||||
| 1,000,000 | Anthem, Inc | 2.550 | 03/15/31 | 1,027,773 | |||||||||||||
| 1,150,000 | Anthem, Inc | 4.625 | 05/15/42 | 1,409,625 | |||||||||||||
| 125,000 | Anthem, Inc | 4.650 | 01/15/43 | 153,674 | |||||||||||||
| 500,000 | Anthem, Inc | 5.100 | 01/15/44 | 646,056 | |||||||||||||
| 425,000 | Anthem, Inc | 4.650 | 08/15/44 | 524,522 | |||||||||||||
| 625,000 | Anthem, Inc | 4.375 | 12/01/47 | 754,028 | |||||||||||||
| 1,800,000 | Anthem, Inc | 4.550 | 03/01/48 | 2,217,585 | |||||||||||||
| 500,000 | Anthem, Inc | 3.700 | 09/15/49 | 549,263 | |||||||||||||
| 1,150,000 | Anthem, Inc | 3.125 | 05/15/50 | 1,163,124 | |||||||||||||
| 425,000 | Anthem, Inc | 3.600 | 03/15/51 | 464,306 | |||||||||||||
| 1,000,000 | Ascension Health | 2.532 | 11/15/29 | 1,048,043 | |||||||||||||
| 1,000,000 | Ascension Health | 3.106 | 11/15/39 | 1,076,981 | |||||||||||||
| 875,000 | Ascension Health | 3.945 | 11/15/46 | 1,049,610 | |||||||||||||
| 200,000 | Ascension Health | 4.847 | 11/15/53 | 285,829 | |||||||||||||
| 500,000 | Banner Health | 2.338 | 01/01/30 | 512,431 | |||||||||||||
| 750,000 | Banner Health | 1.897 | 01/01/31 | 744,212 | |||||||||||||
| 500,000 | Banner Health | 3.181 | 01/01/50 | 524,355 | |||||||||||||
| 750,000 | Banner Health | 2.913 | 01/01/51 | 751,215 | |||||||||||||
| 1,000,000 | Baptist Health South Florida Obligated Group | 3.115 | 11/15/71 | 958,015 | |||||||||||||
| 1,000,000 | Baptist Healthcare System Obligated Group | 3.540 | 08/15/50 | 1,079,274 | |||||||||||||
| 475,000 | Baxter International, Inc | 2.600 | 08/15/26 | 501,651 | |||||||||||||
| 2,000,000 | Baxter International, Inc | 1.730 | 04/01/31 | 1,929,215 | |||||||||||||
| 300,000 | Baxter International, Inc | 3.500 | 08/15/46 | 321,454 | |||||||||||||
| 1,500,000 | Baylor Scott & White Holdings | 1.777 | 11/15/30 | 1,470,087 | |||||||||||||
| 45 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 290,000 | Baylor Scott & White Holdings | 4.185 | % | 11/15/45 | $ | 355,548 | ||||||||||
| 200,000 | Baylor Scott & White Holdings | 3.967 | 11/15/46 | 238,049 | |||||||||||||
| 2,000,000 | Baylor Scott & White Holdings | 2.839 | 11/15/50 | 1,975,406 | |||||||||||||
| 635,000 | Becton Dickinson & Co | 3.363 | 06/06/24 | 675,176 | |||||||||||||
| 165,000 | Becton Dickinson & Co | 3.734 | 12/15/24 | 178,303 | |||||||||||||
| 1,277,000 | Becton Dickinson & Co | 3.700 | 06/06/27 | 1,414,133 | |||||||||||||
| 675,000 | Becton Dickinson & Co | 2.823 | 05/20/30 | 707,279 | |||||||||||||
| 391,000 | Becton Dickinson & Co | 4.685 | 12/15/44 | 487,246 | |||||||||||||
| 1,000,000 | Becton Dickinson & Co | 4.669 | 06/06/47 | 1,248,509 | |||||||||||||
| 1,000,000 | Becton Dickinson & Co | 3.794 | 05/20/50 | 1,117,287 | |||||||||||||
| 1,500,000 | Becton Dickinson and Co | 1.957 | 02/11/31 | 1,458,762 | |||||||||||||
| 500,000 | Bon Secours Mercy Health, Inc | 3.464 | 06/01/30 | 545,719 | |||||||||||||
| 500,000 | Bon Secours Mercy Health, Inc | 2.095 | 06/01/31 | 497,478 | |||||||||||||
| 500,000 | Bon Secours Mercy Health, Inc | 3.205 | 06/01/50 | 524,200 | |||||||||||||
| 500,000 | Boston Scientific Corp | 3.450 | 03/01/24 | 530,799 | |||||||||||||
| 1,155,000 | Boston Scientific Corp | 3.850 | 05/15/25 | 1,262,480 | |||||||||||||
| 500,000 | Boston Scientific Corp | 3.750 | 03/01/26 | 550,102 | |||||||||||||
| 700,000 | Boston Scientific Corp | 4.000 | 03/01/28 | 792,832 | |||||||||||||
| 275,000 | Boston Scientific Corp | 4.000 | 03/01/29 | 311,613 | |||||||||||||
| 1,500,000 | Boston Scientific Corp | 2.650 | 06/01/30 | 1,547,952 | |||||||||||||
| 700,000 | Boston Scientific Corp | 4.550 | 03/01/39 | 851,360 | |||||||||||||
| 775,000 | Boston Scientific Corp | 4.700 | 03/01/49 | 990,148 | |||||||||||||
| 200,000 | Cardinal Health, Inc | 3.200 | 03/15/23 | 207,794 | |||||||||||||
| 650,000 | Cardinal Health, Inc | 3.079 | 06/15/24 | 686,360 | |||||||||||||
| 100,000 | Cardinal Health, Inc | 3.500 | 11/15/24 | 107,137 | |||||||||||||
| 200,000 | Cardinal Health, Inc | 3.750 | 09/15/25 | 217,695 | |||||||||||||
| 1,475,000 | e | Cardinal Health, Inc | 3.410 | 06/15/27 | 1,605,611 | ||||||||||||
| 100,000 | Cardinal Health, Inc | 4.600 | 03/15/43 | 116,521 | |||||||||||||
| 200,000 | Cardinal Health, Inc | 4.500 | 11/15/44 | 226,250 | |||||||||||||
| 200,000 | Cardinal Health, Inc | 4.900 | 09/15/45 | 238,742 | |||||||||||||
| 500,000 | Cardinal Health, Inc | 4.368 | 06/15/47 | 561,340 | |||||||||||||
| 1,000,000 | Children’s Hospital of Philadelphia | 2.704 | 07/01/50 | 975,563 | |||||||||||||
| 200,000 | CHRISTUS Health | 4.341 | 07/01/28 | 228,289 | |||||||||||||
| 1,100,000 | Cigna Corp | 3.000 | 07/15/23 | 1,147,145 | |||||||||||||
| 623,000 | Cigna Corp | 3.750 | 07/15/23 | 658,517 | |||||||||||||
| 300,000 | Cigna Corp | 3.500 | 06/15/24 | 320,507 | |||||||||||||
| 900,000 | Cigna Corp | 3.250 | 04/15/25 | 963,935 | |||||||||||||
| 150,000 | Cigna Corp | 4.500 | 02/25/26 | 169,330 | |||||||||||||
| 1,000,000 | Cigna Corp | 1.250 | 03/15/26 | 997,873 | |||||||||||||
| 4,475,000 | Cigna Corp | 3.400 | 03/01/27 | 4,890,095 | |||||||||||||
| 300,000 | Cigna Corp | 3.050 | 10/15/27 | 323,761 | |||||||||||||
| 3,275,000 | Cigna Corp | 4.375 | 10/15/28 | 3,784,638 | |||||||||||||
| 250,000 | Cigna Corp | 2.400 | 03/15/30 | 254,147 | |||||||||||||
| 550,000 | Cigna Corp | 2.375 | 03/15/31 | 554,999 | |||||||||||||
| 1,700,000 | Cigna Corp | 4.800 | 08/15/38 | 2,080,550 | |||||||||||||
| 225,000 | Cigna Corp | 3.200 | 03/15/40 | 231,704 | |||||||||||||
| 93,000 | Cigna Corp | 6.125 | 11/15/41 | 131,019 | |||||||||||||
| 975,000 | Cigna Corp | 4.800 | 07/15/46 | 1,217,762 | |||||||||||||
| 1,150,000 | Cigna Corp | 3.875 | 10/15/47 | 1,279,859 | |||||||||||||
| 2,450,000 | Cigna Corp | 4.900 | 12/15/48 | 3,132,509 | |||||||||||||
| 750,000 | Cigna Corp | 3.400 | 03/15/50 | 774,551 | |||||||||||||
| 1,100,000 | Cigna Corp | 3.400 | 03/15/51 | 1,130,721 | |||||||||||||
| 600,000 | City of Hope | 4.378 | 08/15/48 | 749,056 | |||||||||||||
| 750,000 | Community Health Network, Inc | 3.099 | 05/01/50 | 743,963 | |||||||||||||
| 46 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 900,000 | CVS Health Corp | 3.375 | % | 08/12/24 | $ | 960,343 | ||||||||||
| 250,000 | CVS Health Corp | 2.625 | 08/15/24 | 262,510 | |||||||||||||
| 1,969,000 | CVS Health Corp | 3.875 | 07/20/25 | 2,155,681 | |||||||||||||
| 2,550,000 | CVS Health Corp | 2.875 | 06/01/26 | 2,718,318 | |||||||||||||
| 1,250,000 | CVS Health Corp | 3.000 | 08/15/26 | 1,341,997 | |||||||||||||
| 9,500,000 | CVS Health Corp | 1.300 | 08/21/27 | 9,351,460 | |||||||||||||
| 1,216,000 | CVS Health Corp | 4.300 | 03/25/28 | 1,387,037 | |||||||||||||
| 275,000 | CVS Health Corp | 3.250 | 08/15/29 | 295,581 | |||||||||||||
| 1,825,000 | CVS Health Corp | 1.750 | 08/21/30 | 1,749,291 | |||||||||||||
| 1,525,000 | CVS Health Corp | 1.875 | 02/28/31 | 1,473,271 | |||||||||||||
| 1,000,000 | CVS Health Corp | 2.125 | 09/15/31 | 982,458 | |||||||||||||
| 4,100,000 | CVS Health Corp | 4.780 | 03/25/38 | 5,027,183 | |||||||||||||
| 850,000 | CVS Health Corp | 2.700 | 08/21/40 | 811,105 | |||||||||||||
| 400,000 | CVS Health Corp | 5.300 | 12/05/43 | 525,028 | |||||||||||||
| 1,800,000 | CVS Health Corp | 5.125 | 07/20/45 | 2,319,711 | |||||||||||||
| 8,525,000 | CVS Health Corp | 5.050 | 03/25/48 | 10,973,399 | |||||||||||||
| 200,000 | Danaher Corp | 3.350 | 09/15/25 | 217,045 | |||||||||||||
| 200,000 | Danaher Corp | 4.375 | 09/15/45 | 246,133 | |||||||||||||
| 400,000 | Danaher Corp | 2.600 | 10/01/50 | 381,091 | |||||||||||||
| 100,000 | Dartmouth-Hitchcock Health | 4.178 | 08/01/48 | 117,063 | |||||||||||||
| 1,000,000 | DENTSPLY SIRONA, Inc | 3.250 | 06/01/30 | 1,065,523 | |||||||||||||
| 200,000 | Dignity Health | 5.267 | 11/01/64 | 269,527 | |||||||||||||
| 400,000 | Duke University Health System, Inc | 3.920 | 06/01/47 | 471,243 | |||||||||||||
| 400,000 | Edwards Lifesciences Corp | 4.300 | 06/15/28 | 458,358 | |||||||||||||
| 750,000 | Hackensack Meridian Health, Inc | 2.675 | 09/01/41 | 742,212 | |||||||||||||
| 200,000 | Hackensack Meridian Health, Inc | 4.211 | 07/01/48 | 243,890 | |||||||||||||
| 750,000 | Hackensack Meridian Health, Inc | 2.875 | 09/01/50 | 743,937 | |||||||||||||
| 200,000 | Hackensack Meridian Health, Inc | 4.500 | 07/01/57 | 262,855 | |||||||||||||
| 685,000 | Hartford HealthCare Corp | 3.447 | 07/01/54 | 712,670 | |||||||||||||
| 2,500,000 | HCA, Inc | 5.000 | 03/15/24 | 2,743,697 | |||||||||||||
| 2,000,000 | HCA, Inc | 4.500 | 02/15/27 | 2,251,413 | |||||||||||||
| 1,500,000 | HCA, Inc | 4.125 | 06/15/29 | 1,675,533 | |||||||||||||
| 2,000,000 | HCA, Inc | 2.375 | 07/15/31 | 1,965,558 | |||||||||||||
| 225,000 | HCA, Inc | 5.125 | 06/15/39 | 279,212 | |||||||||||||
| 875,000 | HCA, Inc | 5.500 | 06/15/47 | 1,134,661 | |||||||||||||
| 2,500,000 | HCA, Inc | 5.250 | 06/15/49 | 3,190,873 | |||||||||||||
| 1,000,000 | HCA, Inc | 3.500 | 07/15/51 | 991,283 | |||||||||||||
| 100,000 | Humana, Inc | 3.150 | 12/01/22 | 102,544 | |||||||||||||
| 400,000 | Humana, Inc | 2.900 | 12/15/22 | 411,297 | |||||||||||||
| 300,000 | Humana, Inc | 3.850 | 10/01/24 | 324,614 | |||||||||||||
| 4,000,000 | Humana, Inc | 1.350 | 02/03/27 | 3,946,380 | |||||||||||||
| 600,000 | Humana, Inc | 3.950 | 03/15/27 | 669,380 | |||||||||||||
| 175,000 | Humana, Inc | 3.125 | 08/15/29 | 186,514 | |||||||||||||
| 325,000 | Humana, Inc | 2.150 | 02/03/32 | 317,484 | |||||||||||||
| 200,000 | Humana, Inc | 4.625 | 12/01/42 | 245,072 | |||||||||||||
| 300,000 | Humana, Inc | 4.950 | 10/01/44 | 384,289 | |||||||||||||
| 600,000 | Humana, Inc | 4.800 | 03/15/47 | 757,304 | |||||||||||||
| 500,000 | Humana, Inc | 3.950 | 08/15/49 | 574,942 | |||||||||||||
| 200,000 | Indiana University Health, Inc Obligated Group | 3.970 | 11/01/48 | 239,561 | |||||||||||||
| 1,500,000 | Indiana University Health, Inc Obligated Group | 2.852 | 11/01/51 | 1,519,425 | |||||||||||||
| 760,000 | Integris Baptist Medical Center, Inc | 3.875 | 08/15/50 | 852,357 | |||||||||||||
| 350,000 | Johns Hopkins Health System Corp | 3.837 | 05/15/46 | 405,007 | |||||||||||||
| 500,000 | Kaiser Foundation Hospitals | 3.150 | 05/01/27 | 543,097 | |||||||||||||
| 47 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,400,000 | Kaiser Foundation Hospitals | 2.810 | % | 06/01/41 | $ | 1,416,463 | ||||||||||
| 100,000 | Kaiser Foundation Hospitals | 4.875 | 04/01/42 | 132,171 | |||||||||||||
| 1,265,000 | Kaiser Foundation Hospitals | 4.150 | 05/01/47 | 1,542,968 | |||||||||||||
| 1,000,000 | Kaiser Foundation Hospitals | 3.266 | 11/01/49 | 1,068,538 | |||||||||||||
| 2,000,000 | Kaiser Foundation Hospitals | 3.002 | 06/01/51 | 2,043,844 | |||||||||||||
| 755,000 | Koninklijke Philips NV | 5.000 | 03/15/42 | 977,024 | |||||||||||||
| 700,000 | Laboratory Corp of America Holdings | 4.000 | 11/01/23 | 743,854 | |||||||||||||
| 200,000 | Laboratory Corp of America Holdings | 3.250 | 09/01/24 | 213,066 | |||||||||||||
| 500,000 | Laboratory Corp of America Holdings | 2.300 | 12/01/24 | 520,337 | |||||||||||||
| 100,000 | Laboratory Corp of America Holdings | 3.600 | 02/01/25 | 107,590 | |||||||||||||
| 1,000,000 | Laboratory Corp of America Holdings | 1.550 | 06/01/26 | 1,001,960 | |||||||||||||
| 300,000 | Laboratory Corp of America Holdings | 3.600 | 09/01/27 | 330,408 | |||||||||||||
| 500,000 | Laboratory Corp of America Holdings | 2.950 | 12/01/29 | 530,290 | |||||||||||||
| 1,000,000 | Laboratory Corp of America Holdings | 2.700 | 06/01/31 | 1,022,160 | |||||||||||||
| 800,000 | Laboratory Corp of America Holdings | 4.700 | 02/01/45 | 978,999 | |||||||||||||
| 200,000 | Mayo Clinic | 4.000 | 11/15/47 | 240,513 | |||||||||||||
| 200,000 | Mayo Clinic | 4.128 | 11/15/52 | 251,829 | |||||||||||||
| 2,500,000 | Mayo Clinic | 3.196 | 11/15/61 | 2,667,462 | |||||||||||||
| 600,000 | McKesson Corp | 2.700 | 12/15/22 | 613,067 | |||||||||||||
| 1,000,000 | McKesson Corp | 0.900 | 12/03/25 | 984,123 | |||||||||||||
| 500,000 | McKesson Corp | 1.300 | 08/15/26 | 495,864 | |||||||||||||
| 200,000 | McLaren Health Care Corp | 4.386 | 05/15/48 | 250,641 | |||||||||||||
| 1,441,000 | Medtronic, Inc | 3.500 | 03/15/25 | 1,563,713 | |||||||||||||
| 2,777,000 | Medtronic, Inc | 4.375 | 03/15/35 | 3,414,150 | |||||||||||||
| 1,074,000 | Medtronic, Inc | 4.625 | 03/15/45 | 1,402,796 | |||||||||||||
| 500,000 | Memorial Health Services | 3.447 | 11/01/49 | 555,043 | |||||||||||||
| 1,000,000 | Memorial Sloan-Kettering Cancer Center | 2.955 | 01/01/50 | 1,011,775 | |||||||||||||
| 200,000 | Memorial Sloan-Kettering Cancer Center | 4.125 | 07/01/52 | 250,749 | |||||||||||||
| 500,000 | Memorial Sloan-Kettering Cancer Center | 4.200 | 07/01/55 | 633,550 | |||||||||||||
| 200,000 | e | Mercy Health | 4.302 | 07/01/28 | 229,281 | ||||||||||||
| 1,000,000 | Methodist Hospital | 2.705 | 12/01/50 | 967,016 | |||||||||||||
| 500,000 | Montefiore Obligated Group | 5.246 | 11/01/48 | 581,293 | |||||||||||||
| 750,000 | Montefiore Obligated Group | 4.287 | 09/01/50 | 779,316 | |||||||||||||
| 100,000 | Mount Sinai Hospitals Group, Inc | 3.981 | 07/01/48 | 110,156 | |||||||||||||
| 600,000 | Mount Sinai Hospitals Group, Inc | 3.737 | 07/01/49 | 661,691 | |||||||||||||
| 895,000 | Mount Sinai Hospitals Group, Inc | 3.391 | 07/01/50 | 931,226 | |||||||||||||
| 1,000,000 | MultiCare Health System | 2.803 | 08/15/50 | 993,453 | |||||||||||||
| 1,000,000 | New York and Presbyterian Hospital | 2.256 | 08/01/40 | 934,603 | |||||||||||||
| 300,000 | New York and Presbyterian Hospital | 4.024 | 08/01/45 | 365,443 | |||||||||||||
| 150,000 | New York and Presbyterian Hospital | 4.063 | 08/01/56 | 188,881 | |||||||||||||
| 1,000,000 | New York and Presbyterian Hospital | 2.606 | 08/01/60 | 917,093 | |||||||||||||
| 500,000 | New York and Presbyterian Hospital | 3.954 | 08/01/19 | 586,572 | |||||||||||||
| 140,000 | Northwell Healthcare, Inc | 3.979 | 11/01/46 | 157,685 | |||||||||||||
| 675,000 | Northwell Healthcare, Inc | 4.260 | 11/01/47 | 789,854 | |||||||||||||
| 500,000 | Northwell Healthcare, Inc | 3.809 | 11/01/49 | 558,385 | |||||||||||||
| 1,000,000 | NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery | 2.667 | 10/01/50 | 931,173 | |||||||||||||
| 350,000 | NYU Hospitals Center | 5.750 | 07/01/43 | 490,516 | |||||||||||||
| 250,000 | NYU Hospitals Center | 4.368 | 07/01/47 | 295,297 | |||||||||||||
| 915,000 | NYU Langone Hospitals | 3.380 | 07/01/55 | 954,204 | |||||||||||||
| 750,000 | OhioHealth Corp | 3.042 | 11/15/50 | 774,172 | |||||||||||||
| 100,000 | Orlando Health Obligated Group | 4.089 | 10/01/48 | 120,136 | |||||||||||||
| 1,000,000 | Orlando Health Obligated Group | 3.327 | 10/01/50 | 1,064,270 | |||||||||||||
| 750,000 | PeaceHealth Obligated Group | 1.375 | 11/15/25 | 756,331 | |||||||||||||
| 48 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 200,000 | PeaceHealth Obligated Group | 4.787 | % | 11/15/48 | $ | 268,797 | ||||||||||
| 750,000 | PeaceHealth Obligated Group | 3.218 | 11/15/50 | 775,937 | |||||||||||||
| 1,000,000 | PerkinElmer, Inc | 1.900 | 09/15/28 | 992,543 | |||||||||||||
| 300,000 | PerkinElmer, Inc | 2.250 | 09/15/31 | 295,946 | |||||||||||||
| 1,000,000 | Piedmont Healthcare, Inc | 2.044 | 01/01/32 | 981,115 | |||||||||||||
| 1,000,000 | Piedmont Healthcare, Inc | 2.719 | 01/01/42 | 978,977 | |||||||||||||
| 1,000,000 | Piedmont Healthcare, Inc | 2.864 | 01/01/52 | 971,628 | |||||||||||||
| 200,000 | Providence St. Joseph Health Obligated Group | 2.746 | 10/01/26 | 211,798 | |||||||||||||
| 570,000 | Providence St. Joseph Health Obligated Group | 2.532 | 10/01/29 | 594,900 | |||||||||||||
| 100,000 | Providence St. Joseph Health Obligated Group | 3.744 | 10/01/47 | 112,709 | |||||||||||||
| 350,000 | Providence St. Joseph Health Obligated Group | 3.930 | 10/01/48 | 408,695 | |||||||||||||
| 125,000 | Quest Diagnostics, Inc | 3.500 | 03/30/25 | 134,857 | |||||||||||||
| 225,000 | Quest Diagnostics, Inc | 3.450 | 06/01/26 | 244,750 | |||||||||||||
| 500,000 | Quest Diagnostics, Inc | 4.200 | 06/30/29 | 571,191 | |||||||||||||
| 750,000 | Quest Diagnostics, Inc | 2.950 | 06/30/30 | 791,989 | |||||||||||||
| 500,000 | Quest Diagnostics, Inc | 2.800 | 06/30/31 | 522,124 | |||||||||||||
| 300,000 | Quest Diagnostics, Inc | 4.700 | 03/30/45 | 367,827 | |||||||||||||
| 1,500,000 | Rady Children’s Hospital-San Diego | 3.154 | 08/15/51 | 1,587,978 | |||||||||||||
| 390,000 | Rush Obligated Group | 3.922 | 11/15/29 | 440,789 | |||||||||||||
| 200,000 | RWJ Barnabas Health, Inc | 3.949 | 07/01/46 | 232,126 | |||||||||||||
| 1,000,000 | Sharp HealthCare | 2.680 | 08/01/50 | 973,970 | |||||||||||||
| 1,000,000 | Smith & Nephew plc | 2.032 | 10/14/30 | 975,503 | |||||||||||||
| 300,000 | SSM Health Care Corp | 3.688 | 06/01/23 | 313,657 | |||||||||||||
| 400,000 | SSM Health Care Corp | 3.823 | 06/01/27 | 447,301 | |||||||||||||
| 500,000 | Stanford Health Care | 3.795 | 11/15/48 | 586,169 | |||||||||||||
| 1,620,000 | Stanford Health Care | 3.027 | 08/15/51 | 1,678,430 | |||||||||||||
| 1,000,000 | Stryker Corp | 0.600 | 12/01/23 | 1,000,040 | |||||||||||||
| 475,000 | Stryker Corp | 1.150 | 06/15/25 | 478,912 | |||||||||||||
| 200,000 | Stryker Corp | 3.375 | 11/01/25 | 216,673 | |||||||||||||
| 1,600,000 | Stryker Corp | 3.500 | 03/15/26 | 1,745,049 | |||||||||||||
| 500,000 | Stryker Corp | 3.650 | 03/07/28 | 554,876 | |||||||||||||
| 600,000 | Stryker Corp | 1.950 | 06/15/30 | 591,677 | |||||||||||||
| 200,000 | Stryker Corp | 4.100 | 04/01/43 | 229,010 | |||||||||||||
| 200,000 | Stryker Corp | 4.375 | 05/15/44 | 243,472 | |||||||||||||
| 550,000 | Stryker Corp | 4.625 | 03/15/46 | 707,357 | |||||||||||||
| 575,000 | Stryker Corp | 2.900 | 06/15/50 | 573,830 | |||||||||||||
| 1,500,000 | Summa Health | 3.511 | 11/15/51 | 1,574,916 | |||||||||||||
| 200,000 | Sutter Health | 3.695 | 08/15/28 | 223,779 | |||||||||||||
| 1,000,000 | Sutter Health | 2.294 | 08/15/30 | 1,008,374 | |||||||||||||
| 500,000 | Sutter Health | 3.161 | 08/15/40 | 518,866 | |||||||||||||
| 200,000 | Sutter Health | 4.091 | 08/15/48 | 237,779 | |||||||||||||
| 500,000 | Sutter Health | 3.361 | 08/15/50 | 528,890 | |||||||||||||
| 1,000,000 | Texas Health Resources | 2.328 | 11/15/50 | 886,323 | |||||||||||||
| 100,000 | Texas Health Resources | 4.330 | 11/15/55 | 129,478 | |||||||||||||
| 2,000,000 | Trinity Health Corp | 2.632 | 12/01/40 | 1,959,173 | |||||||||||||
| 300,000 | Trinity Health Corp | 4.125 | 12/01/45 | 367,854 | |||||||||||||
| 185,000 | Trinity Health Corp | 3.434 | 12/01/48 | 201,429 | |||||||||||||
| 400,000 | UnitedHealth Group, Inc | 2.875 | 03/15/23 | 414,810 | |||||||||||||
| 1,650,000 | UnitedHealth Group, Inc | 3.500 | 02/15/24 | 1,763,213 | |||||||||||||
| 500,000 | UnitedHealth Group, Inc | 3.700 | 12/15/25 | 552,743 | |||||||||||||
| 1,000,000 | UnitedHealth Group, Inc | 1.250 | 01/15/26 | 1,006,276 | |||||||||||||
| 3,000,000 | UnitedHealth Group, Inc | 1.150 | 05/15/26 | 3,002,153 | |||||||||||||
| 200,000 | UnitedHealth Group, Inc | 3.450 | 01/15/27 | 220,538 | |||||||||||||
| 49 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 300,000 | UnitedHealth Group, Inc | 3.375 | % | 04/15/27 | $ | 330,200 | ||||||||||
| 1,700,000 | UnitedHealth Group, Inc | 2.950 | 10/15/27 | 1,846,164 | |||||||||||||
| 2,375,000 | UnitedHealth Group, Inc | 3.850 | 06/15/28 | 2,687,043 | |||||||||||||
| 500,000 | UnitedHealth Group, Inc | 3.875 | 12/15/28 | 568,949 | |||||||||||||
| 1,000,000 | UnitedHealth Group, Inc | 2.875 | 08/15/29 | 1,072,757 | |||||||||||||
| 2,200,000 | UnitedHealth Group, Inc | 2.000 | 05/15/30 | 2,206,133 | |||||||||||||
| 1,750,000 | UnitedHealth Group, Inc | 2.300 | 05/15/31 | 1,785,510 | |||||||||||||
| 150,000 | UnitedHealth Group, Inc | 5.800 | 03/15/36 | 207,885 | |||||||||||||
| 365,000 | UnitedHealth Group, Inc | 6.625 | 11/15/37 | 544,329 | |||||||||||||
| 200,000 | UnitedHealth Group, Inc | 6.875 | 02/15/38 | 306,196 | |||||||||||||
| 275,000 | UnitedHealth Group, Inc | 3.500 | 08/15/39 | 303,618 | |||||||||||||
| 1,000,000 | UnitedHealth Group, Inc | 2.750 | 05/15/40 | 1,000,307 | |||||||||||||
| 3,000,000 | UnitedHealth Group, Inc | 3.050 | 05/15/41 | 3,100,543 | |||||||||||||
| 300,000 | UnitedHealth Group, Inc | 4.375 | 03/15/42 | 366,282 | |||||||||||||
| 350,000 | UnitedHealth Group, Inc | 3.950 | 10/15/42 | 409,283 | |||||||||||||
| 375,000 | UnitedHealth Group, Inc | 4.250 | 03/15/43 | 455,339 | |||||||||||||
| 800,000 | UnitedHealth Group, Inc | 4.200 | 01/15/47 | 978,472 | |||||||||||||
| 300,000 | UnitedHealth Group, Inc | 4.250 | 04/15/47 | 370,007 | |||||||||||||
| 500,000 | UnitedHealth Group, Inc | 3.750 | 10/15/47 | 570,937 | |||||||||||||
| 1,700,000 | UnitedHealth Group, Inc | 4.250 | 06/15/48 | 2,090,493 | |||||||||||||
| 1,000,000 | UnitedHealth Group, Inc | 3.700 | 08/15/49 | 1,135,922 | |||||||||||||
| 4,000,000 | UnitedHealth Group, Inc | 2.900 | 05/15/50 | 4,010,792 | |||||||||||||
| 3,000,000 | UnitedHealth Group, Inc | 3.250 | 05/15/51 | 3,172,365 | |||||||||||||
| 1,250,000 | UnitedHealth Group, Inc | 3.875 | 08/15/59 | 1,466,297 | |||||||||||||
| 1,000,000 | UnitedHealth Group, Inc | 3.125 | 05/15/60 | 1,023,356 | |||||||||||||
| 1,000,000 | g | Universal Health Services, Inc | 1.650 | 09/01/26 | 994,132 | ||||||||||||
| 1,000,000 | g | Universal Health Services, Inc | 2.650 | 01/15/32 | 990,237 | ||||||||||||
| 200,000 | West Virginia United Health System Obligated Group | 3.129 | 06/01/50 | 201,934 | |||||||||||||
| 500,000 | Willis-Knighton Medical Center | 3.065 | 03/01/51 | 498,466 | |||||||||||||
| 250,000 | Zimmer Biomet Holdings, Inc | 3.700 | 03/19/23 | 260,804 | |||||||||||||
| 2,575,000 | Zimmer Biomet Holdings, Inc | 3.550 | 04/01/25 | 2,768,147 | |||||||||||||
| 225,000 | Zimmer Biomet Holdings, Inc | 3.050 | 01/15/26 | 240,667 | |||||||||||||
| 1,100,000 | Zimmer Biomet Holdings, Inc | 3.550 | 03/20/30 | 1,203,122 | |||||||||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES | 293,918,346 | ||||||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 0.1% | |||||||||||||||||
| 250,000 | Church & Dwight Co, Inc | 2.875 | 10/01/22 | 256,192 | |||||||||||||
| 500,000 | Church & Dwight Co, Inc | 3.150 | 08/01/27 | 551,080 | |||||||||||||
| 100,000 | Church & Dwight Co, Inc | 3.950 | 08/01/47 | 116,787 | |||||||||||||
| 200,000 | Clorox Co | 3.500 | 12/15/24 | 216,316 | |||||||||||||
| 300,000 | Clorox Co | 3.100 | 10/01/27 | 323,773 | |||||||||||||
| 500,000 | Clorox Co | 3.900 | 05/15/28 | 563,644 | |||||||||||||
| 1,000,000 | Clorox Co | 1.800 | 05/15/30 | 973,511 | |||||||||||||
| 200,000 | Colgate-Palmolive Co | 1.950 | 02/01/23 | 204,591 | |||||||||||||
| 300,000 | Colgate-Palmolive Co | 3.250 | 03/15/24 | 320,479 | |||||||||||||
| 60,000 | Colgate-Palmolive Co | 6.450 | 06/16/28 | 78,527 | |||||||||||||
| 300,000 | Colgate-Palmolive Co | 4.000 | 08/15/45 | 373,645 | |||||||||||||
| 550,000 | Colgate-Palmolive Co | 3.700 | 08/01/47 | 661,197 | |||||||||||||
| 125,000 | Estee Lauder Cos, Inc | 2.000 | 12/01/24 | 129,996 | |||||||||||||
| 450,000 | Estee Lauder Cos, Inc | 3.150 | 03/15/27 | 490,493 | |||||||||||||
| 200,000 | Estee Lauder Cos, Inc | 2.375 | 12/01/29 | 207,715 | |||||||||||||
| 100,000 | Estee Lauder Cos, Inc | 2.600 | 04/15/30 | 104,874 | |||||||||||||
| 1,500,000 | e | Estee Lauder Cos, Inc | 1.950 | 03/15/31 | 1,496,232 | ||||||||||||
| 50 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 100,000 | Estee Lauder Cos, Inc | 6.000 | % | 05/15/37 | $ | 141,799 | ||||||||||
| 300,000 | Estee Lauder Cos, Inc | 4.375 | 06/15/45 | 373,642 | |||||||||||||
| 375,000 | Estee Lauder Cos, Inc | 4.150 | 03/15/47 | 465,465 | |||||||||||||
| 700,000 | Estee Lauder Cos, Inc | 3.125 | 12/01/49 | 756,024 | |||||||||||||
| 950,000 | Kimberly-Clark Corp | 3.050 | 08/15/25 | 1,023,047 | |||||||||||||
| 200,000 | Kimberly-Clark Corp | 1.050 | 09/15/27 | 197,217 | |||||||||||||
| 412,000 | Kimberly-Clark Corp | 3.950 | 11/01/28 | 472,367 | |||||||||||||
| 1,500,000 | Kimberly-Clark Corp | 3.200 | 04/25/29 | 1,646,744 | |||||||||||||
| 200,000 | Kimberly-Clark Corp | 6.625 | 08/01/37 | 304,852 | |||||||||||||
| 725,000 | Kimberly-Clark Corp | 3.200 | 07/30/46 | 778,290 | |||||||||||||
| 200,000 | Kimberly-Clark Corp | 3.900 | 05/04/47 | 239,625 | |||||||||||||
| 300,000 | Kimberly-Clark Corp | 2.875 | 02/07/50 | 304,006 | |||||||||||||
| 600,000 | Procter & Gamble Co | 3.100 | 08/15/23 | 631,718 | |||||||||||||
| 2,000,000 | Procter & Gamble Co | 0.550 | 10/29/25 | 1,972,028 | |||||||||||||
| 750,000 | Procter & Gamble Co | 2.700 | 02/02/26 | 801,228 | |||||||||||||
| 2,000,000 | Procter & Gamble Co | 1.000 | 04/23/26 | 2,002,856 | |||||||||||||
| 1,750,000 | Procter & Gamble Co | 2.450 | 11/03/26 | 1,857,237 | |||||||||||||
| 750,000 | Procter & Gamble Co | 2.850 | 08/11/27 | 812,414 | |||||||||||||
| 3,000,000 | Procter & Gamble Co | 3.000 | 03/25/30 | 3,283,050 | |||||||||||||
| 1,150,000 | Procter & Gamble Co | 1.200 | 10/29/30 | 1,093,996 | |||||||||||||
| 1,500,000 | Procter & Gamble Co | 1.950 | 04/23/31 | 1,521,530 | |||||||||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 27,748,187 | ||||||||||||||||
| INSURANCE - 0.8% | |||||||||||||||||
| 250,000 | ACE INA Holdings, Inc | 2.700 | 03/13/23 | 258,462 | |||||||||||||
| 700,000 | ACE INA Holdings, Inc | 3.150 | 03/15/25 | 751,807 | |||||||||||||
| 2,325,000 | ACE INA Holdings, Inc | 3.350 | 05/03/26 | 2,536,041 | |||||||||||||
| 150,000 | ACE INA Holdings, Inc | 4.150 | 03/13/43 | 180,557 | |||||||||||||
| 1,600,000 | ACE INA Holdings, Inc | 4.350 | 11/03/45 | 2,012,271 | |||||||||||||
| 500,000 | Aegon NV | 5.500 | 04/11/48 | 582,152 | |||||||||||||
| 1,125,000 | Aetna, Inc | 2.800 | 06/15/23 | 1,164,667 | |||||||||||||
| 325,000 | Aetna, Inc | 3.500 | 11/15/24 | 349,440 | |||||||||||||
| 440,000 | Aetna, Inc | 6.625 | 06/15/36 | 635,718 | |||||||||||||
| 350,000 | Aetna, Inc | 4.500 | 05/15/42 | 418,235 | |||||||||||||
| 500,000 | Aetna, Inc | 4.125 | 11/15/42 | 570,192 | |||||||||||||
| 1,050,000 | Aetna, Inc | 3.875 | 08/15/47 | 1,164,481 | |||||||||||||
| 525,000 | Aflac, Inc | 3.625 | 11/15/24 | 571,330 | |||||||||||||
| 2,000,000 | Aflac, Inc | 1.125 | 03/15/26 | 1,999,036 | |||||||||||||
| 200,000 | Aflac, Inc | 2.875 | 10/15/26 | 215,166 | |||||||||||||
| 375,000 | Aflac, Inc | 3.600 | 04/01/30 | 419,350 | |||||||||||||
| 200,000 | Aflac, Inc | 4.000 | 10/15/46 | 231,876 | |||||||||||||
| 500,000 | Aflac, Inc | 4.750 | 01/15/49 | 653,715 | |||||||||||||
| 1,000,000 | Alleghany Corp | 3.625 | 05/15/30 | 1,096,808 | |||||||||||||
| 200,000 | Alleghany Corp | 4.900 | 09/15/44 | 249,943 | |||||||||||||
| 1,000,000 | Alleghany Corp | 3.250 | 08/15/51 | 982,000 | |||||||||||||
| 300,000 | Allied World Assurance Co Holdings Ltd | 4.350 | 10/29/25 | 326,488 | |||||||||||||
| 1,250,000 | Allstate Corp | 3.150 | 06/15/23 | 1,308,260 | |||||||||||||
| 1,000,000 | Allstate Corp | 0.750 | 12/15/25 | 987,667 | |||||||||||||
| 275,000 | Allstate Corp | 3.280 | 12/15/26 | 301,236 | |||||||||||||
| 1,000,000 | Allstate Corp | 1.450 | 12/15/30 | 955,284 | |||||||||||||
| 600,000 | Allstate Corp | 4.500 | 06/15/43 | 747,441 | |||||||||||||
| 975,000 | Allstate Corp | 4.200 | 12/15/46 | 1,188,359 | |||||||||||||
| 250,000 | Allstate Corp | 3.850 | 08/10/49 | 295,992 | |||||||||||||
| 51 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 200,000 | Allstate Corp | 5.750 | % | 08/15/53 | $ | 216,450 | ||||||||||
| 300,000 | American Financial Group, Inc | 3.500 | 08/15/26 | 327,394 | |||||||||||||
| 325,000 | American Financial Group, Inc | 5.250 | 04/02/30 | 394,591 | |||||||||||||
| 400,000 | American Financial Group, Inc | 4.500 | 06/15/47 | 488,992 | |||||||||||||
| 600,000 | American International Group, Inc | 4.125 | 02/15/24 | 647,703 | |||||||||||||
| 3,000,000 | American International Group, Inc | 2.500 | 06/30/25 | 3,141,277 | |||||||||||||
| 750,000 | American International Group, Inc | 3.750 | 07/10/25 | 816,390 | |||||||||||||
| 825,000 | American International Group, Inc | 4.200 | 04/01/28 | 940,076 | |||||||||||||
| 2,600,000 | American International Group, Inc | 4.250 | 03/15/29 | 2,976,131 | |||||||||||||
| 1,000,000 | American International Group, Inc | 3.400 | 06/30/30 | 1,091,190 | |||||||||||||
| 1,675,000 | American International Group, Inc | 3.875 | 01/15/35 | 1,892,550 | |||||||||||||
| 300,000 | American International Group, Inc | 4.700 | 07/10/35 | 365,249 | |||||||||||||
| 925,000 | American International Group, Inc | 6.250 | 05/01/36 | 1,289,288 | |||||||||||||
| 725,000 | American International Group, Inc | 4.500 | 07/16/44 | 885,149 | |||||||||||||
| 300,000 | American International Group, Inc | 4.800 | 07/10/45 | 380,586 | |||||||||||||
| 1,000,000 | American International Group, Inc | 4.750 | 04/01/48 | 1,275,497 | |||||||||||||
| 300,000 | American International Group, Inc | 5.750 | 04/01/48 | 344,250 | |||||||||||||
| 1,000,000 | American International Group, Inc | 4.375 | 06/30/50 | 1,231,173 | |||||||||||||
| 200,000 | American International Group, Inc | 4.375 | 01/15/55 | 245,262 | |||||||||||||
| 300,000 | Aon Corp | 2.200 | 11/15/22 | 306,137 | |||||||||||||
| 200,000 | Aon Corp | 4.500 | 12/15/28 | 230,696 | |||||||||||||
| 450,000 | Aon Corp | 3.750 | 05/02/29 | 500,910 | |||||||||||||
| 450,000 | Aon Corp | 2.800 | 05/15/30 | 470,094 | |||||||||||||
| 1,000,000 | Aon Corp | 2.050 | 08/23/31 | 973,382 | |||||||||||||
| 200,000 | Aon Corp | 6.250 | 09/30/40 | 287,403 | |||||||||||||
| 1,000,000 | Aon Corp | 2.900 | 08/23/51 | 963,788 | |||||||||||||
| 200,000 | Aon plc | 4.000 | 11/27/23 | 212,723 | |||||||||||||
| 300,000 | Aon plc | 3.500 | 06/14/24 | 320,259 | |||||||||||||
| 2,450,000 | Aon plc | 3.875 | 12/15/25 | 2,704,681 | |||||||||||||
| 550,000 | Aon plc | 4.750 | 05/15/45 | 695,758 | |||||||||||||
| 1,050,000 | Arch Capital Group Ltd | 4.011 | 12/15/26 | 1,181,935 | |||||||||||||
| 200,000 | Arch Capital Group Ltd | 5.031 | 12/15/46 | 261,377 | |||||||||||||
| 600,000 | Arch Capital Group Ltd | 3.635 | 06/30/50 | 654,365 | |||||||||||||
| 300,000 | Arch Capital Group US, Inc | 5.144 | 11/01/43 | 395,223 | |||||||||||||
| 1,125,000 | Arthur J Gallagher & Co | 3.500 | 05/20/51 | 1,204,523 | |||||||||||||
| 200,000 | Aspen Insurance Holdings Ltd | 4.650 | 11/15/23 | 215,822 | |||||||||||||
| 300,000 | Assurant, Inc | 4.200 | 09/27/23 | 319,405 | |||||||||||||
| 300,000 | Assurant, Inc | 4.900 | 03/27/28 | 347,227 | |||||||||||||
| 500,000 | Assurant, Inc | 3.700 | 02/22/30 | 542,410 | |||||||||||||
| 1,500,000 | Assurant, Inc | 2.650 | 01/15/32 | 1,486,812 | |||||||||||||
| 7,000 | Assurant, Inc | 6.750 | 02/15/34 | 9,191 | |||||||||||||
| 137,000 | e | Assured Guaranty US Holdings, Inc | 5.000 | 07/01/24 | 151,797 | ||||||||||||
| 2,000,000 | Assured Guaranty US Holdings, Inc | 3.150 | 06/15/31 | 2,097,226 | |||||||||||||
| 300,000 | Assured Guaranty US Holdings, Inc | 3.600 | 09/15/51 | 304,984 | |||||||||||||
| 675,000 | Athene Holding Ltd | 4.125 | 01/12/28 | 749,527 | |||||||||||||
| 500,000 | Athene Holding Ltd | 6.150 | 04/03/30 | 629,099 | |||||||||||||
| 1,000,000 | Athene Holding Ltd | 3.950 | 05/25/51 | 1,104,753 | |||||||||||||
| 770,000 | AXA S.A. | 8.600 | 12/15/30 | 1,157,520 | |||||||||||||
| 300,000 | AXIS Specialty Finance LLC | 3.900 | 07/15/29 | 327,701 | |||||||||||||
| 250,000 | AXIS Specialty Finance LLC | 4.900 | 01/15/40 | 266,458 | |||||||||||||
| 200,000 | AXIS Specialty Finance plc | 4.000 | 12/06/27 | 223,683 | |||||||||||||
| 100,000 | Berkshire Hathaway Finance Corp | 1.850 | 03/12/30 | 99,558 | |||||||||||||
| 1,500,000 | Berkshire Hathaway Finance Corp | 1.450 | 10/15/30 | 1,446,050 | |||||||||||||
| 300,000 | Berkshire Hathaway Finance Corp | 4.400 | 05/15/42 | 373,020 | |||||||||||||
| 52 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,175,000 | Berkshire Hathaway Finance Corp | 4.200 | % | 08/15/48 | $ | 2,636,791 | ||||||||||
| 1,725,000 | Berkshire Hathaway Finance Corp | 4.250 | 01/15/49 | 2,102,958 | |||||||||||||
| 3,000,000 | Berkshire Hathaway Finance Corp | 2.500 | 01/15/51 | 2,770,187 | |||||||||||||
| 827,000 | e | Brighthouse Financial, Inc | 3.700 | 06/22/27 | 905,879 | ||||||||||||
| 1,000,000 | Brighthouse Financial, Inc | 5.625 | 05/15/30 | 1,207,171 | |||||||||||||
| 304,000 | Brighthouse Financial, Inc | 4.700 | 06/22/47 | 343,757 | |||||||||||||
| 500,000 | Brown & Brown, Inc | 4.500 | 03/15/29 | 572,387 | |||||||||||||
| 1,000,000 | Brown & Brown, Inc | 2.375 | 03/15/31 | 996,911 | |||||||||||||
| 450,000 | Chubb Corp | 6.000 | 05/11/37 | 648,652 | |||||||||||||
| 1,225,000 | Chubb INA Holdings, Inc | 2.875 | 11/03/22 | 1,253,198 | |||||||||||||
| 1,325,000 | Chubb INA Holdings, Inc | 1.375 | 09/15/30 | 1,254,583 | |||||||||||||
| 200,000 | Cincinnati Financial Corp | 6.920 | 05/15/28 | 259,602 | |||||||||||||
| 690,000 | CNA Financial Corp | 3.950 | 05/15/24 | 741,544 | |||||||||||||
| 200,000 | CNA Financial Corp | 4.500 | 03/01/26 | 225,789 | |||||||||||||
| 225,000 | CNA Financial Corp | 3.450 | 08/15/27 | 247,118 | |||||||||||||
| 100,000 | CNA Financial Corp | 3.900 | 05/01/29 | 111,493 | |||||||||||||
| 1,150,000 | CNA Financial Corp | 2.050 | 08/15/30 | 1,127,046 | |||||||||||||
| 500,000 | CNO Financial Group, Inc | 5.250 | 05/30/29 | 585,941 | |||||||||||||
| 500,000 | Enstar Group Ltd | 4.950 | 06/01/29 | 568,021 | |||||||||||||
| 1,000,000 | Enstar Group Ltd | 3.100 | 09/01/31 | 983,863 | |||||||||||||
| 300,000 | Everest Reinsurance Holdings, Inc | 4.868 | 06/01/44 | 378,941 | |||||||||||||
| 250,000 | Everest Reinsurance Holdings, Inc | 3.500 | 10/15/50 | 265,937 | |||||||||||||
| 1,200,000 | Everest Reinsurance Holdings, Inc | 3.125 | 10/15/52 | 1,169,848 | |||||||||||||
| 400,000 | Fairfax Financial Holdings Ltd | 4.850 | 04/17/28 | 456,532 | |||||||||||||
| 500,000 | Fairfax Financial Holdings Ltd | 4.625 | 04/29/30 | 563,691 | |||||||||||||
| 1,000,000 | g | Fairfax Financial Holdings Ltd | 3.375 | 03/03/31 | 1,036,891 | ||||||||||||
| 300,000 | Fidelity National Financial, Inc | 4.500 | 08/15/28 | 341,332 | |||||||||||||
| 1,000,000 | Fidelity National Financial, Inc | 3.400 | 06/15/30 | 1,073,913 | |||||||||||||
| 500,000 | Fidelity National Financial, Inc | 2.450 | 03/15/31 | 497,313 | |||||||||||||
| 400,000 | Fidelity National Financial, Inc | 3.200 | 09/17/51 | 381,459 | |||||||||||||
| 750,000 | First American Financial Corp | 4.000 | 05/15/30 | 828,813 | |||||||||||||
| 400,000 | First American Financial Corp | 2.400 | 08/15/31 | 389,762 | |||||||||||||
| 350,000 | Globe Life, Inc | 2.150 | 08/15/30 | 347,201 | |||||||||||||
| 200,000 | Hanover Insurance Group, Inc | 4.500 | 04/15/26 | 224,050 | |||||||||||||
| 1,000,000 | Hanover Insurance Group, Inc | 2.500 | 09/01/30 | 1,003,954 | |||||||||||||
| 750,000 | Hartford Financial Services Group, Inc | 2.800 | 08/19/29 | 783,737 | |||||||||||||
| 400,000 | Hartford Financial Services Group, Inc | 4.300 | 04/15/43 | 473,108 | |||||||||||||
| 450,000 | Hartford Financial Services Group, Inc | 4.400 | 03/15/48 | 548,635 | |||||||||||||
| 450,000 | Hartford Financial Services Group, Inc | 3.600 | 08/19/49 | 490,860 | |||||||||||||
| 475,000 | Hartford Financial Services Group, Inc | 2.900 | 09/15/51 | 458,142 | |||||||||||||
| 200,000 | Kemper Corp | 4.350 | 02/15/25 | 217,177 | |||||||||||||
| 500,000 | Kemper Corp | 2.400 | 09/30/30 | 495,084 | |||||||||||||
| 400,000 | Leucadia National Corp | 5.500 | 10/18/23 | 425,536 | |||||||||||||
| 625,000 | Lincoln National Corp | 4.000 | 09/01/23 | 666,303 | |||||||||||||
| 175,000 | Lincoln National Corp | 3.350 | 03/09/25 | 188,656 | |||||||||||||
| 600,000 | Lincoln National Corp | 3.625 | 12/12/26 | 659,276 | |||||||||||||
| 1,175,000 | Lincoln National Corp | 3.800 | 03/01/28 | 1,308,104 | |||||||||||||
| 650,000 | Lincoln National Corp | 3.050 | 01/15/30 | 692,301 | |||||||||||||
| 500,000 | Lincoln National Corp | 3.400 | 01/15/31 | 543,292 | |||||||||||||
| 150,000 | Lincoln National Corp | 7.000 | 06/15/40 | 229,184 | |||||||||||||
| 250,000 | Lincoln National Corp | 4.350 | 03/01/48 | 297,568 | |||||||||||||
| 500,000 | e | Lincoln National Corp | 4.375 | 06/15/50 | 605,706 | ||||||||||||
| 200,000 | Loews Corp | 2.625 | 05/15/23 | 206,155 | |||||||||||||
| 53 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 800,000 | Loews Corp | 3.750 | % | 04/01/26 | $ | 881,998 | ||||||||||
| 400,000 | Loews Corp | 3.200 | 05/15/30 | 429,541 | |||||||||||||
| 200,000 | Loews Corp | 4.125 | 05/15/43 | 235,094 | |||||||||||||
| 700,000 | Manulife Financial Corp | 4.150 | 03/04/26 | 782,883 | |||||||||||||
| 1,000,000 | Manulife Financial Corp | 2.484 | 05/19/27 | 1,046,143 | |||||||||||||
| 1,300,000 | Manulife Financial Corp | 4.061 | 02/24/32 | 1,425,197 | |||||||||||||
| 200,000 | Manulife Financial Corp | 5.375 | 03/04/46 | 280,216 | |||||||||||||
| 600,000 | Markel Corp | 3.500 | 11/01/27 | 656,217 | |||||||||||||
| 200,000 | Markel Corp | 3.350 | 09/17/29 | 216,676 | |||||||||||||
| 150,000 | Markel Corp | 5.000 | 04/05/46 | 193,887 | |||||||||||||
| 100,000 | Markel Corp | 4.300 | 11/01/47 | 117,486 | |||||||||||||
| 750,000 | Markel Corp | 5.000 | 05/20/49 | 967,730 | |||||||||||||
| 200,000 | Markel Corp | 4.150 | 09/17/50 | 231,347 | |||||||||||||
| 1,500,000 | Markel Corp | 3.450 | 05/07/52 | 1,548,797 | |||||||||||||
| 725,000 | Marsh & McLennan Cos, Inc | 3.875 | 03/15/24 | 779,527 | |||||||||||||
| 2,300,000 | Marsh & McLennan Cos, Inc | 3.500 | 03/10/25 | 2,473,932 | |||||||||||||
| 1,700,000 | Marsh & McLennan Cos, Inc | 4.375 | 03/15/29 | 1,973,947 | |||||||||||||
| 450,000 | Marsh & McLennan Cos, Inc | 2.250 | 11/15/30 | 453,242 | |||||||||||||
| 250,000 | Marsh & McLennan Cos, Inc | 4.750 | 03/15/39 | 314,965 | |||||||||||||
| 100,000 | Marsh & McLennan Cos, Inc | 4.350 | 01/30/47 | 122,674 | |||||||||||||
| 300,000 | Marsh & McLennan Cos, Inc | 4.200 | 03/01/48 | 366,449 | |||||||||||||
| 1,200,000 | Marsh & McLennan Cos, Inc | 4.900 | 03/15/49 | 1,615,562 | |||||||||||||
| 200,000 | Mercury General Corp | 4.400 | 03/15/27 | 224,240 | |||||||||||||
| 525,000 | MetLife, Inc | 4.368 | 09/15/23 | 564,728 | |||||||||||||
| 700,000 | MetLife, Inc | 3.600 | 04/10/24 | 751,779 | |||||||||||||
| 700,000 | MetLife, Inc | 3.600 | 11/13/25 | 765,835 | |||||||||||||
| 675,000 | MetLife, Inc | 6.375 | 06/15/34 | 959,996 | |||||||||||||
| 1,530,000 | MetLife, Inc | 5.700 | 06/15/35 | 2,087,317 | |||||||||||||
| 130,000 | MetLife, Inc | 5.875 | 02/06/41 | 185,448 | |||||||||||||
| 450,000 | MetLife, Inc | 4.125 | 08/13/42 | 534,304 | |||||||||||||
| 750,000 | MetLife, Inc | 4.875 | 11/13/43 | 975,647 | |||||||||||||
| 500,000 | MetLife, Inc | 4.721 | 12/15/44 | 639,891 | |||||||||||||
| 800,000 | MetLife, Inc | 4.050 | 03/01/45 | 950,795 | |||||||||||||
| 1,650,000 | MetLife, Inc | 4.600 | 05/13/46 | 2,116,273 | |||||||||||||
| 200,000 | Montpelier Re Holdings Ltd | 4.700 | 10/15/22 | 208,837 | |||||||||||||
| 20,000 | Nationwide Financial Services | 6.750 | 05/15/37 | 24,500 | |||||||||||||
| 200,000 | Old Republic International Corp | 4.875 | 10/01/24 | 222,185 | |||||||||||||
| 100,000 | Old Republic International Corp | 3.875 | 08/26/26 | 110,723 | |||||||||||||
| 1,500,000 | Old Republic International Corp | 3.850 | 06/11/51 | 1,620,653 | |||||||||||||
| 500,000 | PartnerRe Finance B LLC | 3.700 | 07/02/29 | 550,716 | |||||||||||||
| 500,000 | PartnerRe Finance B LLC | 4.500 | 10/01/50 | 527,220 | |||||||||||||
| 150,000 | Principal Financial Group, Inc | 3.125 | 05/15/23 | 155,971 | |||||||||||||
| 200,000 | Principal Financial Group, Inc | 3.400 | 05/15/25 | 214,678 | |||||||||||||
| 850,000 | Principal Financial Group, Inc | 3.100 | 11/15/26 | 914,047 | |||||||||||||
| 100,000 | Principal Financial Group, Inc | 3.700 | 05/15/29 | 111,888 | |||||||||||||
| 1,000,000 | Principal Financial Group, Inc | 2.125 | 06/15/30 | 990,527 | |||||||||||||
| 100,000 | Principal Financial Group, Inc | 4.625 | 09/15/42 | 124,660 | |||||||||||||
| 200,000 | Principal Financial Group, Inc | 4.350 | 05/15/43 | 241,410 | |||||||||||||
| 300,000 | Principal Financial Group, Inc | 4.300 | 11/15/46 | 362,053 | |||||||||||||
| 650,000 | Progressive Corp | 2.450 | 01/15/27 | 689,712 | |||||||||||||
| 250,000 | Progressive Corp | 4.000 | 03/01/29 | 285,406 | |||||||||||||
| 100,000 | Progressive Corp | 3.200 | 03/26/30 | 109,150 | |||||||||||||
| 120,000 | Progressive Corp | 6.250 | 12/01/32 | 163,642 | |||||||||||||
| 300,000 | Progressive Corp | 4.350 | 04/25/44 | 371,637 | |||||||||||||
| 54 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 300,000 | Progressive Corp | 3.700 | % | 01/26/45 | $ | 340,503 | ||||||||||
| 950,000 | Progressive Corp | 4.125 | 04/15/47 | 1,144,724 | |||||||||||||
| 750,000 | Progressive Corp | 4.200 | 03/15/48 | 920,370 | |||||||||||||
| 100,000 | Progressive Corp | 3.950 | 03/26/50 | 119,804 | |||||||||||||
| 200,000 | Prudential Financial, Inc | 1.500 | 03/10/26 | 202,980 | |||||||||||||
| 195,000 | Prudential Financial, Inc | 3.878 | 03/27/28 | 220,775 | |||||||||||||
| 500,000 | e | Prudential Financial, Inc | 2.100 | 03/10/30 | 505,613 | ||||||||||||
| 450,000 | Prudential Financial, Inc | 5.700 | 12/14/36 | 605,662 | |||||||||||||
| 500,000 | Prudential Financial, Inc | 3.000 | 03/10/40 | 514,316 | |||||||||||||
| 600,000 | Prudential Financial, Inc | 5.200 | 03/15/44 | 641,917 | |||||||||||||
| 1,700,000 | Prudential Financial, Inc | 4.600 | 05/15/44 | 2,160,831 | |||||||||||||
| 200,000 | Prudential Financial, Inc | 5.375 | 05/15/45 | 220,615 | |||||||||||||
| 2,300,000 | Prudential Financial, Inc | 4.500 | 09/15/47 | 2,493,279 | |||||||||||||
| 300,000 | Prudential Financial, Inc | 4.418 | 03/27/48 | 374,343 | |||||||||||||
| 2,400,000 | Prudential Financial, Inc | 5.700 | 09/15/48 | 2,808,957 | |||||||||||||
| 799,000 | Prudential Financial, Inc | 3.935 | 12/07/49 | 941,486 | |||||||||||||
| 450,000 | Prudential Financial, Inc | 4.350 | 02/25/50 | 563,827 | |||||||||||||
| 1,000,000 | Prudential Financial, Inc | 3.700 | 03/13/51 | 1,139,657 | |||||||||||||
| 200,000 | Prudential plc | 3.125 | 04/14/30 | 215,491 | |||||||||||||
| 250,000 | Reinsurance Group of America, Inc | 4.700 | 09/15/23 | 268,828 | |||||||||||||
| 750,000 | Reinsurance Group of America, Inc | 3.900 | 05/15/29 | 837,887 | |||||||||||||
| 350,000 | Reinsurance Group of America, Inc | 3.150 | 06/15/30 | 372,079 | |||||||||||||
| 200,000 | RenaissanceRe Finance, Inc | 3.700 | 04/01/25 | 215,518 | |||||||||||||
| 200,000 | RenaissanceRe Finance, Inc | 3.450 | 07/01/27 | 217,479 | |||||||||||||
| 300,000 | RenaissanceRe Holdings Ltd | 3.600 | 04/15/29 | 328,607 | |||||||||||||
| 350,000 | Torchmark Corp | 4.550 | 09/15/28 | 406,135 | |||||||||||||
| 20,000 | Transatlantic Holdings, Inc | 8.000 | 11/30/39 | 30,825 | |||||||||||||
| 600,000 | Travelers Cos, Inc | 5.350 | 11/01/40 | 828,473 | |||||||||||||
| 200,000 | Travelers Cos, Inc | 4.600 | 08/01/43 | 258,022 | |||||||||||||
| 250,000 | Travelers Cos, Inc | 4.300 | 08/25/45 | 310,875 | |||||||||||||
| 1,100,000 | Travelers Cos, Inc | 4.000 | 05/30/47 | 1,319,157 | |||||||||||||
| 500,000 | Travelers Cos, Inc | 4.050 | 03/07/48 | 604,083 | |||||||||||||
| 900,000 | Travelers Cos, Inc | 4.100 | 03/04/49 | 1,106,275 | |||||||||||||
| 2,000,000 | Travelers Cos, Inc | 3.050 | 06/08/51 | 2,082,150 | |||||||||||||
| 100,000 | Travelers Property Casualty Corp | 6.375 | 03/15/33 | 140,252 | |||||||||||||
| 200,000 | Unum Group | 4.000 | 03/15/24 | 214,347 | |||||||||||||
| 500,000 | Unum Group | 4.000 | 06/15/29 | 553,543 | |||||||||||||
| 300,000 | Unum Group | 5.750 | 08/15/42 | 374,244 | |||||||||||||
| 500,000 | Unum Group | 4.500 | 12/15/49 | 535,317 | |||||||||||||
| 1,000,000 | Unum Group | 4.125 | 06/15/51 | 1,012,285 | |||||||||||||
| 1,000,000 | W R Berkley Corp | 3.550 | 03/30/52 | 1,059,882 | |||||||||||||
| 400,000 | W R Berkley Corp | 3.150 | 09/30/61 | 384,571 | |||||||||||||
| 425,000 | Willis North America, Inc | 3.600 | 05/15/24 | 453,394 | |||||||||||||
| 500,000 | Willis North America, Inc | 4.500 | 09/15/28 | 572,690 | |||||||||||||
| 900,000 | Willis North America, Inc | 2.950 | 09/15/29 | 941,108 | |||||||||||||
| 300,000 | Willis North America, Inc | 5.050 | 09/15/48 | 386,398 | |||||||||||||
| 500,000 | Willis North America, Inc | 3.875 | 09/15/49 | 553,784 | |||||||||||||
| 200,000 | WR Berkley Corp | 4.750 | 08/01/44 | 251,582 | |||||||||||||
| 650,000 | WR Berkley Corp | 4.000 | 05/12/50 | 748,658 | |||||||||||||
| 455,000 | XLIT Ltd | 4.450 | 03/31/25 | 504,287 | |||||||||||||
| 200,000 | XLIT Ltd | 5.250 | 12/15/43 | 274,544 | |||||||||||||
| 300,000 | XLIT Ltd | 5.500 | 03/31/45 | 412,362 | |||||||||||||
| TOTAL INSURANCE | 173,674,190 | ||||||||||||||||
| 55 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| MATERIALS - 0.7% | |||||||||||||||||
| $ | 150,000 | Air Products & Chemicals, Inc | 2.750 | % | 02/03/23 | $ | 154,766 | ||||||||||
| 300,000 | Air Products & Chemicals, Inc | 3.350 | 07/31/24 | 320,972 | |||||||||||||
| 175,000 | Air Products & Chemicals, Inc | 1.500 | 10/15/25 | 178,179 | |||||||||||||
| 500,000 | Air Products & Chemicals, Inc | 1.850 | 05/15/27 | 515,122 | |||||||||||||
| 2,125,000 | Air Products & Chemicals, Inc | 2.050 | 05/15/30 | 2,148,040 | |||||||||||||
| 125,000 | Air Products & Chemicals, Inc | 2.700 | 05/15/40 | 125,978 | |||||||||||||
| 1,250,000 | Air Products & Chemicals, Inc | 2.800 | 05/15/50 | 1,249,885 | |||||||||||||
| 200,000 | Albemarle Corp | 4.150 | 12/01/24 | 218,289 | |||||||||||||
| 500,000 | Amcor Finance USA, Inc | 3.625 | 04/28/26 | 545,334 | |||||||||||||
| 400,000 | Amcor Finance USA, Inc | 4.500 | 05/15/28 | 460,836 | |||||||||||||
| 2,000,000 | Amcor Flexibles North America, Inc | 2.690 | 05/25/31 | 2,051,913 | |||||||||||||
| 375,000 | AngloGold Ashanti Holdings plc | 3.750 | 10/01/30 | 384,742 | |||||||||||||
| 300,000 | Avery Dennison Corp | 4.875 | 12/06/28 | 354,752 | |||||||||||||
| 500,000 | Avery Dennison Corp | 2.650 | 04/30/30 | 511,993 | |||||||||||||
| 1,000,000 | Avery Dennison Corp | 2.250 | 02/15/32 | 978,983 | |||||||||||||
| 100,000 | Barrick Australian Finance Pty Ltd | 5.950 | 10/15/39 | 137,399 | |||||||||||||
| 2,250,000 | Barrick Gold Corp | 5.250 | 04/01/42 | 2,910,233 | |||||||||||||
| 500,000 | Barrick North America Finance LLC | 5.750 | 05/01/43 | 688,725 | |||||||||||||
| 100,000 | Bemis Co, Inc | 3.100 | 09/15/26 | 106,326 | |||||||||||||
| 200,000 | Bemis Co, Inc | 2.630 | 06/19/30 | 204,211 | |||||||||||||
| 625,000 | g | Berry Global, Inc | 0.950 | 02/15/24 | 625,706 | ||||||||||||
| 1,375,000 | g | Berry Global, Inc | 1.570 | 01/15/26 | 1,374,642 | ||||||||||||
| 625,000 | g | Berry Global, Inc | 1.650 | 01/15/27 | 617,131 | ||||||||||||
| 825,000 | BHP Billiton Finance USA Ltd | 4.125 | 02/24/42 | 978,029 | |||||||||||||
| 1,925,000 | BHP Billiton Finance USA Ltd | 5.000 | 09/30/43 | 2,564,140 | |||||||||||||
| 500,000 | Cabot Corp | 4.000 | 07/01/29 | 546,246 | |||||||||||||
| 400,000 | Celulosa Arauco y Constitucion S.A. | 4.500 | 08/01/24 | 432,492 | |||||||||||||
| 375,000 | Celulosa Arauco y Constitucion S.A. | 3.875 | 11/02/27 | 402,187 | |||||||||||||
| 200,000 | Celulosa Arauco y Constitucion S.A. | 5.500 | 11/02/47 | 235,000 | |||||||||||||
| 14,000 | Dow Chemical Co | 4.550 | 11/30/25 | 15,749 | |||||||||||||
| 750,000 | Dow Chemical Co | 3.625 | 05/15/26 | 822,084 | |||||||||||||
| 300,000 | Dow Chemical Co | 4.800 | 11/30/28 | 354,354 | |||||||||||||
| 81,000 | Dow Chemical Co | 7.375 | 11/01/29 | 110,540 | |||||||||||||
| 1,000,000 | e | Dow Chemical Co | 2.100 | 11/15/30 | 990,733 | ||||||||||||
| 982,000 | Dow Chemical Co | 4.250 | 10/01/34 | 1,132,901 | |||||||||||||
| 131,000 | Dow Chemical Co | 9.400 | 05/15/39 | 234,911 | |||||||||||||
| 275,000 | Dow Chemical Co | 5.250 | 11/15/41 | 356,547 | |||||||||||||
| 1,200,000 | Dow Chemical Co | 4.375 | 11/15/42 | 1,414,385 | |||||||||||||
| 400,000 | Dow Chemical Co | 4.625 | 10/01/44 | 486,025 | |||||||||||||
| 825,000 | Dow Chemical Co | 5.550 | 11/30/48 | 1,144,705 | |||||||||||||
| 750,000 | Dow Chemical Co | 4.800 | 05/15/49 | 948,083 | |||||||||||||
| 1,000,000 | Dow Chemical Co | 3.600 | 11/15/50 | 1,061,320 | |||||||||||||
| 4,050,000 | DowDuPont, Inc | 4.205 | 11/15/23 | 4,349,135 | |||||||||||||
| 1,600,000 | DowDuPont, Inc | 4.493 | 11/15/25 | 1,799,065 | |||||||||||||
| 2,300,000 | DowDuPont, Inc | 4.725 | 11/15/28 | 2,704,644 | |||||||||||||
| 150,000 | DowDuPont, Inc | 5.319 | 11/15/38 | 193,301 | |||||||||||||
| 2,325,000 | DowDuPont, Inc | 5.419 | 11/15/48 | 3,198,288 | |||||||||||||
| 1,500,000 | Eagle Materials, Inc | 2.500 | 07/01/31 | 1,490,601 | |||||||||||||
| 727,000 | Eastman Chemical Co | 3.800 | 03/15/25 | 786,622 | |||||||||||||
| 700,000 | Eastman Chemical Co | 4.500 | 12/01/28 | 806,392 | |||||||||||||
| 150,000 | Eastman Chemical Co | 4.800 | 09/01/42 | 180,921 | |||||||||||||
| 56 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 525,000 | Eastman Chemical Co | 4.650 | % | 10/15/44 | $ | 628,795 | ||||||||||
| 750,000 | Ecolab, Inc | 2.700 | 11/01/26 | 799,282 | |||||||||||||
| 300,000 | Ecolab, Inc | 3.250 | 12/01/27 | 328,281 | |||||||||||||
| 1,000,000 | Ecolab, Inc | 1.300 | 01/30/31 | 941,871 | |||||||||||||
| 150,000 | Ecolab, Inc | 2.125 | 08/15/50 | 132,496 | |||||||||||||
| 1,370,000 | g | Ecolab, Inc | 2.750 | 08/18/55 | 1,316,353 | ||||||||||||
| 350,000 | EI du Pont de Nemours and Co | 1.700 | 07/15/25 | 357,285 | |||||||||||||
| 175,000 | EI du Pont de Nemours and Co | 2.300 | 07/15/30 | 178,741 | |||||||||||||
| 700,000 | Fibria Overseas Finance Ltd | 5.500 | 01/17/27 | 798,007 | |||||||||||||
| 200,000 | FMC Corp | 4.100 | 02/01/24 | 212,859 | |||||||||||||
| 500,000 | FMC Corp | 3.200 | 10/01/26 | 534,808 | |||||||||||||
| 500,000 | FMC Corp | 3.450 | 10/01/29 | 539,609 | |||||||||||||
| 500,000 | FMC Corp | 4.500 | 10/01/49 | 590,139 | |||||||||||||
| 300,000 | Georgia-Pacific LLC | 8.000 | 01/15/24 | 349,864 | |||||||||||||
| 750,000 | Georgia-Pacific LLC | 7.750 | 11/15/29 | 1,063,707 | |||||||||||||
| 600,000 | Huntsman International LLC | 4.500 | 05/01/29 | 679,947 | |||||||||||||
| 2,000,000 | Huntsman International LLC | 2.950 | 06/15/31 | 2,048,279 | |||||||||||||
| 300,000 | International Flavors & Fragrances, Inc | 3.200 | 05/01/23 | 310,579 | |||||||||||||
| 100,000 | International Flavors & Fragrances, Inc | 4.450 | 09/26/28 | 115,336 | |||||||||||||
| 200,000 | International Flavors & Fragrances, Inc | 4.375 | 06/01/47 | 235,713 | |||||||||||||
| 675,000 | International Flavors & Fragrances, Inc | 5.000 | 09/26/48 | 872,825 | |||||||||||||
| 450,000 | International Paper Co | 6.000 | 11/15/41 | 629,141 | |||||||||||||
| 525,000 | International Paper Co | 4.800 | 06/15/44 | 661,960 | |||||||||||||
| 2,425,000 | International Paper Co | 4.350 | 08/15/48 | 2,968,335 | |||||||||||||
| 1,000,000 | e | Kinross Gold Corp | 4.500 | 07/15/27 | 1,149,411 | ||||||||||||
| 150,000 | Lubrizol Corp | 6.500 | 10/01/34 | 218,923 | |||||||||||||
| 170,000 | LYB International Finance BV | 4.000 | 07/15/23 | 180,340 | |||||||||||||
| 1,000,000 | LYB International Finance BV | 3.500 | 03/02/27 | 1,090,528 | |||||||||||||
| 575,000 | LYB International Finance BV | 5.250 | 07/15/43 | 740,348 | |||||||||||||
| 550,000 | LYB International Finance BV | 4.875 | 03/15/44 | 676,813 | |||||||||||||
| 500,000 | LYB International Finance III LLC | 1.250 | 10/01/25 | 499,572 | |||||||||||||
| 500,000 | LYB International Finance III LLC | 3.375 | 05/01/30 | 543,342 | |||||||||||||
| 150,000 | LYB International Finance III LLC | 2.250 | 10/01/30 | 150,076 | |||||||||||||
| 150,000 | LYB International Finance III LLC | 3.375 | 10/01/40 | 155,766 | |||||||||||||
| 1,000,000 | LYB International Finance III LLC | 4.200 | 10/15/49 | 1,138,039 | |||||||||||||
| 750,000 | LYB International Finance III LLC | 4.200 | 05/01/50 | 854,218 | |||||||||||||
| 1,000,000 | LYB International Finance III LLC | 3.625 | 04/01/51 | 1,051,242 | |||||||||||||
| 500,000 | LYB International Finance III LLC | 3.800 | 10/01/60 | 519,078 | |||||||||||||
| 1,300,000 | LyondellBasell Industries NV | 5.750 | 04/15/24 | 1,444,345 | |||||||||||||
| 475,000 | LyondellBasell Industries NV | 4.625 | 02/26/55 | 573,130 | |||||||||||||
| 200,000 | Martin Marietta Materials, Inc | 4.250 | 07/02/24 | 217,004 | |||||||||||||
| 200,000 | Martin Marietta Materials, Inc | 3.450 | 06/01/27 | 217,795 | |||||||||||||
| 325,000 | Martin Marietta Materials, Inc | 3.500 | 12/15/27 | 357,481 | |||||||||||||
| 250,000 | Martin Marietta Materials, Inc | 2.500 | 03/15/30 | 254,506 | |||||||||||||
| 1,000,000 | Martin Marietta Materials, Inc | 2.400 | 07/15/31 | 1,005,163 | |||||||||||||
| 450,000 | Martin Marietta Materials, Inc | 4.250 | 12/15/47 | 521,719 | |||||||||||||
| 1,000,000 | Martin Marietta Materials, Inc | 3.200 | 07/15/51 | 997,725 | |||||||||||||
| 200,000 | Mosaic Co | 3.250 | 11/15/22 | 205,721 | |||||||||||||
| 1,000,000 | Mosaic Co | 4.250 | 11/15/23 | 1,066,317 | |||||||||||||
| 800,000 | Mosaic Co | 4.050 | 11/15/27 | 898,970 | |||||||||||||
| 300,000 | Mosaic Co | 5.450 | 11/15/33 | 376,046 | |||||||||||||
| 100,000 | Mosaic Co | 4.875 | 11/15/41 | 118,626 | |||||||||||||
| 600,000 | Mosaic Co | 5.625 | 11/15/43 | 792,115 | |||||||||||||
| 100,000 | NewMarket Corp | 4.100 | 12/15/22 | 104,004 | |||||||||||||
| 57 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | NewMarket Corp | 2.700 | % | 03/18/31 | $ | 1,000,974 | ||||||||||
| 250,000 | Newmont Corp | 2.250 | 10/01/30 | 248,684 | |||||||||||||
| 33,000 | Newmont Goldcorp Corp | 3.700 | 03/15/23 | 34,187 | |||||||||||||
| 1,300,000 | Newmont Goldcorp Corp | 2.800 | 10/01/29 | 1,352,087 | |||||||||||||
| 298,000 | Newmont Goldcorp Corp | 5.875 | 04/01/35 | 394,922 | |||||||||||||
| 235,000 | Newmont Goldcorp Corp | 6.250 | 10/01/39 | 335,036 | |||||||||||||
| 975,000 | Newmont Goldcorp Corp | 4.875 | 03/15/42 | 1,227,615 | |||||||||||||
| 300,000 | Newmont Goldcorp Corp | 5.450 | 06/09/44 | 407,235 | |||||||||||||
| 275,000 | Nucor Corp | 2.000 | 06/01/25 | 283,091 | |||||||||||||
| 425,000 | Nucor Corp | 3.950 | 05/01/28 | 477,342 | |||||||||||||
| 3,150,000 | Nucor Corp | 2.700 | 06/01/30 | 3,281,453 | |||||||||||||
| 1,000,000 | g | Nucor Corp | 2.979 | 12/15/55 | 976,548 | ||||||||||||
| 150,000 | Nutrien Ltd | 3.150 | 10/01/22 | 153,109 | |||||||||||||
| 500,000 | Nutrien Ltd | 1.900 | 05/13/23 | 510,758 | |||||||||||||
| 200,000 | Nutrien Ltd | 3.500 | 06/01/23 | 208,260 | |||||||||||||
| 625,000 | Nutrien Ltd | 3.625 | 03/15/24 | 664,276 | |||||||||||||
| 425,000 | Nutrien Ltd | 3.375 | 03/15/25 | 455,243 | |||||||||||||
| 200,000 | Nutrien Ltd | 3.000 | 04/01/25 | 211,763 | |||||||||||||
| 700,000 | Nutrien Ltd | 4.000 | 12/15/26 | 781,245 | |||||||||||||
| 550,000 | Nutrien Ltd | 4.200 | 04/01/29 | 626,356 | |||||||||||||
| 500,000 | Nutrien Ltd | 2.950 | 05/13/30 | 527,825 | |||||||||||||
| 200,000 | Nutrien Ltd | 4.125 | 03/15/35 | 226,624 | |||||||||||||
| 200,000 | Nutrien Ltd | 5.625 | 12/01/40 | 269,987 | |||||||||||||
| 100,000 | Nutrien Ltd | 6.125 | 01/15/41 | 141,853 | |||||||||||||
| 200,000 | Nutrien Ltd | 4.900 | 06/01/43 | 251,317 | |||||||||||||
| 725,000 | Nutrien Ltd | 5.250 | 01/15/45 | 954,055 | |||||||||||||
| 1,050,000 | Nutrien Ltd | 5.000 | 04/01/49 | 1,379,968 | |||||||||||||
| 300,000 | Nutrien Ltd | 3.950 | 05/13/50 | 340,925 | |||||||||||||
| 500,000 | Owens Corning | 4.200 | 12/01/24 | 545,229 | |||||||||||||
| 300,000 | Owens Corning | 3.400 | 08/15/26 | 324,294 | |||||||||||||
| 500,000 | Owens Corning | 3.950 | 08/15/29 | 557,862 | |||||||||||||
| 300,000 | Owens Corning | 3.875 | 06/01/30 | 330,748 | |||||||||||||
| 525,000 | Owens Corning | 4.300 | 07/15/47 | 604,649 | |||||||||||||
| 350,000 | Owens Corning | 4.400 | 01/30/48 | 409,134 | |||||||||||||
| 250,000 | Packaging Corp of America | 4.500 | 11/01/23 | 267,630 | |||||||||||||
| 100,000 | Packaging Corp of America | 3.650 | 09/15/24 | 107,441 | |||||||||||||
| 550,000 | Packaging Corp of America | 3.400 | 12/15/27 | 599,353 | |||||||||||||
| 100,000 | Packaging Corp of America | 3.000 | 12/15/29 | 105,817 | |||||||||||||
| 500,000 | Packaging Corp of America | 4.050 | 12/15/49 | 581,355 | |||||||||||||
| 1,500,000 | Packaging Corp of America | 3.050 | 10/01/51 | 1,479,065 | |||||||||||||
| 300,000 | PPG Industries, Inc | 3.200 | 03/15/23 | 311,062 | |||||||||||||
| 500,000 | PPG Industries, Inc | 2.400 | 08/15/24 | 522,918 | |||||||||||||
| 250,000 | PPG Industries, Inc | 1.200 | 03/15/26 | 248,945 | |||||||||||||
| 425,000 | PPG Industries, Inc | 3.750 | 03/15/28 | 477,839 | |||||||||||||
| 500,000 | e | PPG Industries, Inc | 2.550 | 06/15/30 | 513,228 | ||||||||||||
| 300,000 | Praxair, Inc | 2.650 | 02/05/25 | 315,232 | |||||||||||||
| 1,000,000 | Praxair, Inc | 3.200 | 01/30/26 | 1,082,214 | |||||||||||||
| 725,000 | Praxair, Inc | 1.100 | 08/10/30 | 675,409 | |||||||||||||
| 625,000 | Praxair, Inc | 3.550 | 11/07/42 | 703,174 | |||||||||||||
| 225,000 | Praxair, Inc | 2.000 | 08/10/50 | 193,156 | |||||||||||||
| 300,000 | Reliance Steel & Aluminum Co | 4.500 | 04/15/23 | 314,994 | |||||||||||||
| 500,000 | Reliance Steel & Aluminum Co | 1.300 | 08/15/25 | 498,262 | |||||||||||||
| 500,000 | Reliance Steel & Aluminum Co | 2.150 | 08/15/30 | 488,835 | |||||||||||||
| 58 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 414,000 | Rio Tinto Alcan, Inc | 6.125 | % | 12/15/33 | $ | 576,563 | ||||||||||
| 3,250,000 | Rio Tinto Finance USA Ltd | 3.750 | 06/15/25 | 3,552,248 | |||||||||||||
| 350,000 | Rio Tinto Finance USA Ltd | 5.200 | 11/02/40 | 465,997 | |||||||||||||
| 1,400,000 | Rio Tinto Finance USA plc | 4.125 | 08/21/42 | 1,685,975 | |||||||||||||
| 300,000 | RPM International, Inc | 3.450 | 11/15/22 | 307,346 | |||||||||||||
| 100,000 | RPM International, Inc | 3.750 | 03/15/27 | 109,408 | |||||||||||||
| 300,000 | RPM International, Inc | 4.550 | 03/01/29 | 342,757 | |||||||||||||
| 100,000 | RPM International, Inc | 5.250 | 06/01/45 | 125,167 | |||||||||||||
| 200,000 | RPM International, Inc | 4.250 | 01/15/48 | 222,772 | |||||||||||||
| 200,000 | Sherwin-Williams Co | 3.450 | 08/01/25 | 217,224 | |||||||||||||
| 200,000 | Sherwin-Williams Co | 3.950 | 01/15/26 | 221,426 | |||||||||||||
| 925,000 | Sherwin-Williams Co | 3.450 | 06/01/27 | 1,015,747 | |||||||||||||
| 500,000 | Sherwin-Williams Co | 2.950 | 08/15/29 | 531,122 | |||||||||||||
| 500,000 | Sherwin-Williams Co | 2.300 | 05/15/30 | 504,705 | |||||||||||||
| 200,000 | Sherwin-Williams Co | 4.000 | 12/15/42 | 229,032 | |||||||||||||
| 900,000 | Sherwin-Williams Co | 4.500 | 06/01/47 | 1,090,966 | |||||||||||||
| 900,000 | Sherwin-Williams Co | 3.800 | 08/15/49 | 1,009,463 | |||||||||||||
| 500,000 | Sherwin-Williams Co | 3.300 | 05/15/50 | 517,734 | |||||||||||||
| 750,000 | Sonoco Products Co | 3.125 | 05/01/30 | 799,263 | |||||||||||||
| 300,000 | Southern Copper Corp | 3.875 | 04/23/25 | 324,600 | |||||||||||||
| 100,000 | Southern Copper Corp | 7.500 | 07/27/35 | 143,000 | |||||||||||||
| 1,180,000 | Southern Copper Corp | 6.750 | 04/16/40 | 1,642,560 | |||||||||||||
| 1,500,000 | Southern Copper Corp | 5.875 | 04/23/45 | 2,028,000 | |||||||||||||
| 250,000 | Steel Dynamics, Inc | 2.800 | 12/15/24 | 263,757 | |||||||||||||
| 100,000 | Steel Dynamics, Inc | 2.400 | 06/15/25 | 104,077 | |||||||||||||
| 1,000,000 | Steel Dynamics, Inc | 1.650 | 10/15/27 | 989,508 | |||||||||||||
| 750,000 | Steel Dynamics, Inc | 3.450 | 04/15/30 | 806,548 | |||||||||||||
| 100,000 | Steel Dynamics, Inc | 3.250 | 01/15/31 | 107,111 | |||||||||||||
| 500,000 | Steel Dynamics, Inc | 3.250 | 10/15/50 | 493,918 | |||||||||||||
| 1,900,000 | Suzano Austria GmbH | 6.000 | 01/15/29 | 2,229,650 | |||||||||||||
| 1,000,000 | Suzano Austria GmbH | 3.750 | 01/15/31 | 1,027,250 | |||||||||||||
| 1,500,000 | Suzano Austria GmbH | 3.125 | 01/15/32 | 1,448,625 | |||||||||||||
| 1,675,000 | Teck Resources Ltd | 6.250 | 07/15/41 | 2,235,221 | |||||||||||||
| 750,000 | Vulcan Materials Co | 4.500 | 04/01/25 | 829,139 | |||||||||||||
| 100,000 | Vulcan Materials Co | 3.900 | 04/01/27 | 111,908 | |||||||||||||
| 275,000 | Vulcan Materials Co | 3.500 | 06/01/30 | 301,895 | |||||||||||||
| 475,000 | Vulcan Materials Co | 4.500 | 06/15/47 | 576,197 | |||||||||||||
| 200,000 | Vulcan Materials Co | 4.700 | 03/01/48 | 246,199 | |||||||||||||
| 200,000 | Westlake Chemical Corp | 0.875 | 08/15/24 | 200,267 | |||||||||||||
| 500,000 | Westlake Chemical Corp | 3.600 | 08/15/26 | 548,974 | |||||||||||||
| 1,000,000 | Westlake Chemical Corp | 3.375 | 06/15/30 | 1,078,050 | |||||||||||||
| 500,000 | Westlake Chemical Corp | 2.875 | 08/15/41 | 478,196 | |||||||||||||
| 500,000 | Westlake Chemical Corp | 5.000 | 08/15/46 | 617,373 | |||||||||||||
| 200,000 | Westlake Chemical Corp | 4.375 | 11/15/47 | 227,953 | |||||||||||||
| 500,000 | Westlake Chemical Corp | 3.125 | 08/15/51 | 471,687 | |||||||||||||
| 500,000 | Westlake Chemical Corp | 3.375 | 08/15/61 | 470,249 | |||||||||||||
| 500,000 | WestRock RKT LLC | 4.000 | 03/01/23 | 519,630 | |||||||||||||
| 250,000 | WRKCo, Inc | 3.000 | 09/15/24 | 265,241 | |||||||||||||
| 425,000 | WRKCo, Inc | 3.750 | 03/15/25 | 459,931 | |||||||||||||
| 525,000 | WRKCo, Inc | 4.650 | 03/15/26 | 596,468 | |||||||||||||
| 300,000 | WRKCo, Inc | 3.375 | 09/15/27 | 326,512 | |||||||||||||
| 325,000 | WRKCo, Inc | 4.000 | 03/15/28 | 363,437 | |||||||||||||
| 240,000 | WRKCo, Inc | 3.900 | 06/01/28 | 267,710 | |||||||||||||
| 950,000 | WRKCo, Inc | 4.900 | 03/15/29 | 1,123,331 | |||||||||||||
| 59 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 685,000 | WRKCo, Inc | 4.200 | % | 06/01/32 | $ | 790,119 | ||||||||||
| 400,000 | WRKCo, Inc | 3.000 | 06/15/33 | 418,785 | |||||||||||||
| 750,000 | g | Yamana Gold, Inc | 2.630 | 08/15/31 | 732,708 | ||||||||||||
| TOTAL MATERIALS | 151,387,414 | ||||||||||||||||
| MEDIA & ENTERTAINMENT - 1.3% | |||||||||||||||||
| 475,000 | Activision Blizzard, Inc | 3.400 | 09/15/26 | 517,347 | |||||||||||||
| 300,000 | Activision Blizzard, Inc | 3.400 | 06/15/27 | 327,919 | |||||||||||||
| 250,000 | Activision Blizzard, Inc | 1.350 | 09/15/30 | 231,699 | |||||||||||||
| 300,000 | Activision Blizzard, Inc | 4.500 | 06/15/47 | 365,309 | |||||||||||||
| 1,100,000 | Activision Blizzard, Inc | 2.500 | 09/15/50 | 952,447 | |||||||||||||
| 550,000 | Agree LP | 2.000 | 06/15/28 | 545,314 | |||||||||||||
| 150,000 | Agree LP | 2.900 | 10/01/30 | 154,958 | |||||||||||||
| 1,000,000 | Agree LP | 2.600 | 06/15/33 | 989,025 | |||||||||||||
| 875,000 | Alphabet, Inc | 3.375 | 02/25/24 | 935,193 | |||||||||||||
| 675,000 | Alphabet, Inc | 0.450 | 08/15/25 | 666,696 | |||||||||||||
| 1,250,000 | Alphabet, Inc | 1.998 | 08/15/26 | 1,306,400 | |||||||||||||
| 1,000,000 | Alphabet, Inc | 0.800 | 08/15/27 | 979,664 | |||||||||||||
| 850,000 | Alphabet, Inc | 1.100 | 08/15/30 | 802,995 | |||||||||||||
| 1,000,000 | Alphabet, Inc | 1.900 | 08/15/40 | 897,852 | |||||||||||||
| 2,800,000 | Alphabet, Inc | 2.050 | 08/15/50 | 2,445,424 | |||||||||||||
| 1,100,000 | Alphabet, Inc | 2.250 | 08/15/60 | 961,107 | |||||||||||||
| 1,000,000 | American Assets Trust LP | 3.375 | 02/01/31 | 1,035,886 | |||||||||||||
| 3,000,000 | e | Asian Infrastructure Investment Bank | 0.500 | 10/30/24 | 2,988,906 | ||||||||||||
| 2,000,000 | AstraZeneca Finance LLC | 1.200 | 05/28/26 | 2,000,505 | |||||||||||||
| 2,000,000 | AstraZeneca Finance LLC | 1.750 | 05/28/28 | 2,011,632 | |||||||||||||
| 225,000 | e | AstraZeneca Finance LLC | 2.250 | 05/28/31 | 228,535 | ||||||||||||
| 700,000 | Baidu, Inc | 3.875 | 09/29/23 | 739,098 | |||||||||||||
| 525,000 | Baidu, Inc | 4.375 | 05/14/24 | 567,827 | |||||||||||||
| 200,000 | Baidu, Inc | 3.075 | 04/07/25 | 209,875 | |||||||||||||
| 1,000,000 | Baidu, Inc | 1.720 | 04/09/26 | 1,002,620 | |||||||||||||
| 535,000 | Baidu, Inc | 1.625 | 02/23/27 | 528,122 | |||||||||||||
| 300,000 | Baidu, Inc | 3.625 | 07/06/27 | 326,669 | |||||||||||||
| 500,000 | Baidu, Inc | 4.375 | 03/29/28 | 559,344 | |||||||||||||
| 500,000 | Baidu, Inc | 4.875 | 11/14/28 | 578,775 | |||||||||||||
| 300,000 | Baidu, Inc | 3.425 | 04/07/30 | 317,883 | |||||||||||||
| 750,000 | e | Baidu, Inc | 2.375 | 10/09/30 | 734,009 | ||||||||||||
| 1,000,000 | Baidu, Inc | 2.375 | 08/23/31 | 966,751 | |||||||||||||
| 1,500,000 | g | Blackstone Private Credit Fund | 2.625 | 12/15/26 | 1,495,357 | ||||||||||||
| 750,000 | Blackstone Secured Lending Fund | 3.650 | 07/14/23 | 783,495 | |||||||||||||
| 750,000 | Blackstone Secured Lending Fund | 3.625 | 01/15/26 | 792,191 | |||||||||||||
| 1,400,000 | Blackstone Secured Lending Fund | 2.750 | 09/16/26 | 1,429,289 | |||||||||||||
| 1,000,000 | g | Blackstone Secured Lending Fund | 2.125 | 02/15/27 | 988,810 | ||||||||||||
| 1,000,000 | g | Blackstone Secured Lending Fund | 2.850 | 09/30/28 | 993,230 | ||||||||||||
| 1,000,000 | Broadstone Net Lease LLC | 2.600 | 09/15/31 | 987,870 | |||||||||||||
| 1,000,000 | Brookfield Finance I UK PLC | 2.340 | 01/30/32 | 983,963 | |||||||||||||
| 1,000,000 | e | Brown University in Providence in the State of Rhode Island and Providence Plant | 2.924 | 09/01/50 | 1,053,421 | ||||||||||||
| 225,000 | Charter Communications Operating LLC | 4.500 | 02/01/24 | 243,429 | |||||||||||||
| 3,650,000 | Charter Communications Operating LLC | 4.908 | 07/23/25 | 4,104,880 | |||||||||||||
| 950,000 | Charter Communications Operating LLC | 3.750 | 02/15/28 | 1,040,395 | |||||||||||||
| 2,750,000 | Charter Communications Operating LLC | 4.200 | 03/15/28 | 3,071,447 | |||||||||||||
| 650,000 | h | Charter Communications Operating LLC | 2.250 | 01/15/29 | 649,488 | ||||||||||||
| 60 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,000,000 | Charter Communications Operating LLC | 2.800 | % | 04/01/31 | $ | 2,004,518 | ||||||||||
| 1,500,000 | Charter Communications Operating LLC | 2.300 | 02/01/32 | 1,428,561 | |||||||||||||
| 750,000 | Charter Communications Operating LLC | 6.384 | 10/23/35 | 986,173 | |||||||||||||
| 1,500,000 | Charter Communications Operating LLC | 5.375 | 04/01/38 | 1,810,014 | |||||||||||||
| 1,500,000 | Charter Communications Operating LLC | 3.500 | 06/01/41 | 1,472,918 | |||||||||||||
| 1,000,000 | h | Charter Communications Operating LLC | 3.500 | 03/01/42 | 978,422 | ||||||||||||
| 1,550,000 | Charter Communications Operating LLC | 6.484 | 10/23/45 | 2,107,349 | |||||||||||||
| 1,400,000 | Charter Communications Operating LLC | 5.375 | 05/01/47 | 1,676,214 | |||||||||||||
| 1,375,000 | Charter Communications Operating LLC | 5.750 | 04/01/48 | 1,737,028 | |||||||||||||
| 1,600,000 | Charter Communications Operating LLC | 5.125 | 07/01/49 | 1,881,996 | |||||||||||||
| 2,500,000 | Charter Communications Operating LLC | 4.800 | 03/01/50 | 2,805,513 | |||||||||||||
| 2,500,000 | Charter Communications Operating LLC | 3.700 | 04/01/51 | 2,434,059 | |||||||||||||
| 3,000,000 | Charter Communications Operating LLC | 3.900 | 06/01/52 | 2,988,222 | |||||||||||||
| 2,000,000 | Charter Communications Operating LLC | 3.850 | 04/01/61 | 1,907,385 | |||||||||||||
| 1,500,000 | Charter Communications Operating LLC | 4.400 | 12/01/61 | 1,559,940 | |||||||||||||
| 1,000,000 | h | Charter Communications Operating LLC | 3.950 | 06/30/62 | 964,690 | ||||||||||||
| 1,000,000 | Children’s Health System of Texas | 2.511 | 08/15/50 | 929,849 | |||||||||||||
| 250,000 | Comcast Cable Communications Holdings, Inc | 9.455 | 11/15/22 | 275,499 | |||||||||||||
| 325,000 | Comcast Corp | 3.600 | 03/01/24 | 348,540 | |||||||||||||
| 2,025,000 | Comcast Corp | 3.700 | 04/15/24 | 2,177,912 | |||||||||||||
| 850,000 | Comcast Corp | 3.375 | 02/15/25 | 915,061 | |||||||||||||
| 2,500,000 | Comcast Corp | 3.100 | 04/01/25 | 2,674,841 | |||||||||||||
| 350,000 | Comcast Corp | 3.375 | 08/15/25 | 379,156 | |||||||||||||
| 1,550,000 | Comcast Corp | 3.950 | 10/15/25 | 1,719,438 | |||||||||||||
| 1,950,000 | Comcast Corp | 3.150 | 03/01/26 | 2,107,174 | |||||||||||||
| 1,025,000 | Comcast Corp | 2.350 | 01/15/27 | 1,075,083 | |||||||||||||
| 1,450,000 | Comcast Corp | 3.300 | 02/01/27 | 1,582,405 | |||||||||||||
| 900,000 | Comcast Corp | 3.150 | 02/15/28 | 976,901 | |||||||||||||
| 2,675,000 | Comcast Corp | 4.150 | 10/15/28 | 3,076,342 | |||||||||||||
| 5,000,000 | Comcast Corp | 3.400 | 04/01/30 | 5,506,689 | |||||||||||||
| 3,300,000 | Comcast Corp | 4.250 | 10/15/30 | 3,843,919 | |||||||||||||
| 1,950,000 | Comcast Corp | 1.950 | 01/15/31 | 1,913,613 | |||||||||||||
| 3,850,000 | Comcast Corp | 1.500 | 02/15/31 | 3,654,672 | |||||||||||||
| 1,925,000 | Comcast Corp | 4.250 | 01/15/33 | 2,250,264 | |||||||||||||
| 150,000 | Comcast Corp | 7.050 | 03/15/33 | 217,249 | |||||||||||||
| 200,000 | Comcast Corp | 4.200 | 08/15/34 | 234,454 | |||||||||||||
| 500,000 | Comcast Corp | 4.400 | 08/15/35 | 592,549 | |||||||||||||
| 36,000 | Comcast Corp | 6.500 | 11/15/35 | 51,668 | |||||||||||||
| 3,475,000 | Comcast Corp | 3.200 | 07/15/36 | 3,701,099 | |||||||||||||
| 3,150,000 | Comcast Corp | 3.900 | 03/01/38 | 3,576,952 | |||||||||||||
| 1,000,000 | Comcast Corp | 3.250 | 11/01/39 | 1,055,798 | |||||||||||||
| 3,800,000 | Comcast Corp | 3.750 | 04/01/40 | 4,269,391 | |||||||||||||
| 1,275,000 | Comcast Corp | 3.400 | 07/15/46 | 1,352,166 | |||||||||||||
| 631,000 | Comcast Corp | 3.969 | 11/01/47 | 720,485 | |||||||||||||
| 1,500,000 | Comcast Corp | 4.000 | 03/01/48 | 1,716,148 | |||||||||||||
| 1,407,000 | Comcast Corp | 3.999 | 11/01/49 | 1,629,544 | |||||||||||||
| 2,525,000 | Comcast Corp | 3.450 | 02/01/50 | 2,677,774 | |||||||||||||
| 425,000 | Comcast Corp | 2.800 | 01/15/51 | 402,279 | |||||||||||||
| 2,237,000 | g | Comcast Corp | 2.887 | 11/01/51 | 2,145,681 | ||||||||||||
| 1,050,000 | e | Comcast Corp | 2.450 | 08/15/52 | 926,573 | ||||||||||||
| 4,708,000 | g | Comcast Corp | 2.937 | 11/01/56 | 4,447,110 | ||||||||||||
| 850,000 | Comcast Corp | 2.650 | 08/15/62 | 753,196 | |||||||||||||
| 6,758,000 | g | Comcast Corp | 2.987 | 11/01/63 | 6,332,880 | ||||||||||||
| 485,000 | Cottage Health Obligated Group | 3.304 | 11/01/49 | 515,668 | |||||||||||||
| 61 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 750,000 | DH Europe Finance II Sarl | 2.050 | % | 11/15/22 | $ | 764,327 | ||||||||||
| 750,000 | DH Europe Finance II Sarl | 2.200 | 11/15/24 | 780,878 | |||||||||||||
| 300,000 | DH Europe Finance II Sarl | 2.600 | 11/15/29 | 312,944 | |||||||||||||
| 550,000 | DH Europe Finance II Sarl | 3.250 | 11/15/39 | 586,568 | |||||||||||||
| 1,000,000 | DH Europe Finance II Sarl | 3.400 | 11/15/49 | 1,080,666 | |||||||||||||
| 237,000 | Discovery Communications LLC | 2.950 | 03/20/23 | 245,180 | |||||||||||||
| 300,000 | Discovery Communications LLC | 3.800 | 03/13/24 | 319,947 | |||||||||||||
| 200,000 | Discovery Communications LLC | 3.900 | 11/15/24 | 216,494 | |||||||||||||
| 350,000 | Discovery Communications LLC | 3.450 | 03/15/25 | 374,006 | |||||||||||||
| 200,000 | Discovery Communications LLC | 3.950 | 06/15/25 | 218,223 | |||||||||||||
| 500,000 | Discovery Communications LLC | 4.900 | 03/11/26 | 568,232 | |||||||||||||
| 2,275,000 | Discovery Communications LLC | 3.950 | 03/20/28 | 2,519,530 | |||||||||||||
| 1,000,000 | Discovery Communications LLC | 4.125 | 05/15/29 | 1,116,894 | |||||||||||||
| 250,000 | Discovery Communications LLC | 3.625 | 05/15/30 | 271,129 | |||||||||||||
| 1,400,000 | Discovery Communications LLC | 5.200 | 09/20/47 | 1,744,287 | |||||||||||||
| 1,400,000 | Discovery Communications LLC | 5.300 | 05/15/49 | 1,748,918 | |||||||||||||
| 500,000 | Discovery Communications LLC | 4.650 | 05/15/50 | 579,429 | |||||||||||||
| 1,175,000 | Discovery Communications LLC | 4.000 | 09/15/55 | 1,228,696 | |||||||||||||
| 1,000,000 | Electronic Arts, Inc | 1.850 | 02/15/31 | 967,072 | |||||||||||||
| 1,000,000 | Electronic Arts, Inc | 2.950 | 02/15/51 | 960,463 | |||||||||||||
| 700,000 | Extra Space Storage LP | 2.550 | 06/01/31 | 701,539 | |||||||||||||
| 1,000,000 | Extra Space Storage LP | 2.350 | 03/15/32 | 976,900 | |||||||||||||
| 500,000 | Fox Corp | 4.030 | 01/25/24 | 536,469 | |||||||||||||
| 500,000 | Fox Corp | 3.050 | 04/07/25 | 532,158 | |||||||||||||
| 2,250,000 | Fox Corp | 4.709 | 01/25/29 | 2,621,104 | |||||||||||||
| 500,000 | Fox Corp | 3.500 | 04/08/30 | 545,382 | |||||||||||||
| 1,500,000 | Fox Corp | 5.476 | 01/25/39 | 1,915,519 | |||||||||||||
| 650,000 | Fox Corp | 5.576 | 01/25/49 | 875,308 | |||||||||||||
| 500,000 | GE Capital Funding LLC | 3.450 | 05/15/25 | 539,275 | |||||||||||||
| 500,000 | GE Capital Funding LLC | 4.050 | 05/15/27 | 561,372 | |||||||||||||
| 3,500,000 | GE Capital Funding LLC | 4.400 | 05/15/30 | 4,055,519 | |||||||||||||
| 3,000,000 | GE Capital Funding LLC | 4.550 | 05/15/32 | 3,552,648 | |||||||||||||
| 550,000 | Grupo Televisa SAB | 6.625 | 03/18/25 | 641,048 | |||||||||||||
| 200,000 | Grupo Televisa SAB | 4.625 | 01/30/26 | 220,584 | |||||||||||||
| 1,100,000 | Grupo Televisa SAB | 5.000 | 05/13/45 | 1,317,140 | |||||||||||||
| 700,000 | Grupo Televisa SAB | 6.125 | 01/31/46 | 961,644 | |||||||||||||
| 500,000 | e | Grupo Televisa SAB | 5.250 | 05/24/49 | 632,250 | ||||||||||||
| 100,000 | Interpublic Group of Cos, Inc | 4.200 | 04/15/24 | 107,947 | |||||||||||||
| 350,000 | Interpublic Group of Cos, Inc | 4.650 | 10/01/28 | 407,820 | |||||||||||||
| 500,000 | Interpublic Group of Cos, Inc | 4.750 | 03/30/30 | 588,972 | |||||||||||||
| 1,000,000 | Interpublic Group of Cos, Inc | 2.400 | 03/01/31 | 1,003,769 | |||||||||||||
| 1,000,000 | Interpublic Group of Cos, Inc | 3.375 | 03/01/41 | 1,049,335 | |||||||||||||
| 400,000 | Interpublic Group of Cos, Inc | 5.400 | 10/01/48 | 538,486 | |||||||||||||
| 445,000 | Iowa Health System | 3.665 | 02/15/50 | 497,358 | |||||||||||||
| 135,000 | MedStar Health, Inc | 3.626 | 08/15/49 | 148,567 | |||||||||||||
| 870,000 | NBC Universal Media LLC | 4.450 | 01/15/43 | 1,049,153 | |||||||||||||
| 1,000,000 | Northwestern Memorial Healthcare Obligated Group | 2.633 | 07/15/51 | 952,200 | |||||||||||||
| 1,000,000 | Ochsner LSU Health System of North Louisiana | 2.510 | 05/15/31 | 979,599 | |||||||||||||
| 425,000 | Omnicom Group, Inc | 3.650 | 11/01/24 | 458,744 | |||||||||||||
| 1,050,000 | Omnicom Group, Inc | 3.600 | 04/15/26 | 1,148,798 | |||||||||||||
| 750,000 | Omnicom Group, Inc | 2.450 | 04/30/30 | 759,065 | |||||||||||||
| 325,000 | Omnicom Group, Inc | 4.200 | 06/01/30 | 371,591 | |||||||||||||
| 700,000 | Omnicom Group, Inc | 2.600 | 08/01/31 | 711,729 | |||||||||||||
| 62 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | e | Owl Rock Technology Finance Corp | 2.500 | % | 01/15/27 | $ | 1,003,876 | |||||||||
| 1,000,000 | Phillips Edison Grocery Center Operating Partnership I LP | 2.625 | 11/15/31 | 988,750 | |||||||||||||
| 1,000,000 | Rayonier LP | 2.750 | 05/17/31 | 995,373 | |||||||||||||
| 1,000,000 | Rexford Industrial Realty LP | 2.125 | 12/01/30 | 968,714 | |||||||||||||
| 500,000 | Rexford Industrial Realty LP | 2.150 | 09/01/31 | 481,854 | |||||||||||||
| 1,000,000 | Safehold Operating Partnership LP | 2.800 | 06/15/31 | 1,002,750 | |||||||||||||
| 750,000 | Schlumberger Finance Canada Ltd | 1.400 | 09/17/25 | 757,981 | |||||||||||||
| 500,000 | Spectrum Health System Obligated Group | 3.487 | 07/15/49 | 558,961 | |||||||||||||
| 1,000,000 | STERIS Irish FinCo UnLtd Co | 2.700 | 03/15/31 | 1,023,397 | |||||||||||||
| 1,000,000 | STERIS Irish FinCo UnLtd Co | 3.750 | 03/15/51 | 1,079,324 | |||||||||||||
| 500,000 | Sun Communities Operating LP | 2.300 | 11/01/28 | 500,928 | |||||||||||||
| 500,000 | Tencent Music Entertainment Group | 1.375 | 09/03/25 | 488,955 | |||||||||||||
| 750,000 | e | Tencent Music Entertainment Group | 2.000 | 09/03/30 | 706,209 | ||||||||||||
| 1,075,000 | Time Warner Cable LLC | 6.550 | 05/01/37 | 1,450,481 | |||||||||||||
| 400,000 | Time Warner Cable LLC | 7.300 | 07/01/38 | 573,809 | |||||||||||||
| 500,000 | Time Warner Cable LLC | 6.750 | 06/15/39 | 684,343 | |||||||||||||
| 890,000 | Time Warner Cable LLC | 5.875 | 11/15/40 | 1,122,647 | |||||||||||||
| 475,000 | Time Warner Cable LLC | 5.500 | 09/01/41 | 582,156 | |||||||||||||
| 2,875,000 | Time Warner Cable LLC | 4.500 | 09/15/42 | 3,146,231 | |||||||||||||
| 325,000 | Time Warner Entertainment Co LP | 8.375 | 03/15/23 | 361,023 | |||||||||||||
| 300,000 | Time Warner Entertainment Co LP | 8.375 | 07/15/33 | 445,533 | |||||||||||||
| 200,000 | Toledo Hospital | 5.325 | 11/15/28 | 227,232 | |||||||||||||
| 450,000 | Toledo Hospital | 5.750 | 11/15/38 | 538,544 | |||||||||||||
| 200,000 | Toledo Hospital | 6.015 | 11/15/48 | 239,609 | |||||||||||||
| 2,248,000 | ViacomCBS, Inc | 3.875 | 04/01/24 | 2,398,687 | |||||||||||||
| 200,000 | ViacomCBS, Inc | 3.700 | 08/15/24 | 214,617 | |||||||||||||
| 300,000 | ViacomCBS, Inc | 3.500 | 01/15/25 | 321,193 | |||||||||||||
| 800,000 | ViacomCBS, Inc | 4.000 | 01/15/26 | 884,248 | |||||||||||||
| 650,000 | ViacomCBS, Inc | 2.900 | 01/15/27 | 690,546 | |||||||||||||
| 200,000 | ViacomCBS, Inc | 3.375 | 02/15/28 | 218,371 | |||||||||||||
| 1,300,000 | ViacomCBS, Inc | 3.700 | 06/01/28 | 1,440,973 | |||||||||||||
| 500,000 | ViacomCBS, Inc | 4.200 | 06/01/29 | 569,703 | |||||||||||||
| 500,000 | ViacomCBS, Inc | 7.875 | 07/30/30 | 704,867 | |||||||||||||
| 500,000 | ViacomCBS, Inc | 4.950 | 01/15/31 | 597,326 | |||||||||||||
| 1,500,000 | e | ViacomCBS, Inc | 4.200 | 05/19/32 | 1,715,811 | ||||||||||||
| 150,000 | ViacomCBS, Inc | 6.875 | 04/30/36 | 214,356 | |||||||||||||
| 200,000 | ViacomCBS, Inc | 4.850 | 07/01/42 | 240,333 | |||||||||||||
| 2,179,000 | ViacomCBS, Inc | 4.375 | 03/15/43 | 2,492,689 | |||||||||||||
| 625,000 | ViacomCBS, Inc | 5.850 | 09/01/43 | 851,736 | |||||||||||||
| 200,000 | ViacomCBS, Inc | 4.900 | 08/15/44 | 244,831 | |||||||||||||
| 800,000 | ViacomCBS, Inc | 4.600 | 01/15/45 | 958,370 | |||||||||||||
| 1,000,000 | e | ViacomCBS, Inc | 4.950 | 05/19/50 | 1,251,968 | ||||||||||||
| 750,000 | Walt Disney Co | 1.750 | 08/30/24 | 773,250 | |||||||||||||
| 1,000,000 | Walt Disney Co | 3.350 | 03/24/25 | 1,079,787 | |||||||||||||
| 875,000 | Walt Disney Co | 3.150 | 09/17/25 | 945,665 | |||||||||||||
| 700,000 | Walt Disney Co | 3.700 | 10/15/25 | 767,209 | |||||||||||||
| 8,000,000 | Walt Disney Co | 1.750 | 01/13/26 | 8,208,231 | |||||||||||||
| 500,000 | Walt Disney Co | 3.000 | 02/13/26 | 539,911 | |||||||||||||
| 475,000 | Walt Disney Co | 1.850 | 07/30/26 | 488,439 | |||||||||||||
| 1,500,000 | e | Walt Disney Co | 2.950 | 06/15/27 | 1,637,336 | ||||||||||||
| 3,000,000 | Walt Disney Co | 2.200 | 01/13/28 | 3,100,403 | |||||||||||||
| 425,000 | Walt Disney Co | 2.000 | 09/01/29 | 428,825 | |||||||||||||
| 500,000 | Walt Disney Co | 3.800 | 03/22/30 | 568,273 | |||||||||||||
| 63 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | Walt Disney Co | 2.650 | % | 01/13/31 | $ | 1,043,847 | ||||||||||
| 229,000 | Walt Disney Co | 6.400 | 12/15/35 | 334,244 | |||||||||||||
| 325,000 | Walt Disney Co | 6.650 | 11/15/37 | 484,766 | |||||||||||||
| 1,000,000 | Walt Disney Co | 3.500 | 05/13/40 | 1,104,013 | |||||||||||||
| 1,425,000 | Walt Disney Co | 6.150 | 02/15/41 | 2,090,577 | |||||||||||||
| 100,000 | Walt Disney Co | 4.375 | 08/16/41 | 121,489 | |||||||||||||
| 200,000 | Walt Disney Co | 3.700 | 12/01/42 | 226,162 | |||||||||||||
| 225,000 | Walt Disney Co | 5.400 | 10/01/43 | 309,649 | |||||||||||||
| 1,275,000 | Walt Disney Co | 4.125 | 06/01/44 | 1,529,477 | |||||||||||||
| 500,000 | Walt Disney Co | 4.750 | 09/15/44 | 643,387 | |||||||||||||
| 300,000 | Walt Disney Co | 4.950 | 10/15/45 | 397,330 | |||||||||||||
| 100,000 | Walt Disney Co | 3.000 | 07/30/46 | 101,447 | |||||||||||||
| 700,000 | Walt Disney Co | 4.750 | 11/15/46 | 914,771 | |||||||||||||
| 1,600,000 | Walt Disney Co | 2.750 | 09/01/49 | 1,536,289 | |||||||||||||
| 3,625,000 | Walt Disney Co | 4.700 | 03/23/50 | 4,752,851 | |||||||||||||
| 2,000,000 | Walt Disney Co | 3.600 | 01/13/51 | 2,227,831 | |||||||||||||
| 1,000,000 | Walt Disney Co | 3.800 | 05/13/60 | 1,155,443 | |||||||||||||
| 375,000 | Weibo Corp | 3.500 | 07/05/24 | 390,645 | |||||||||||||
| 900,000 | Weibo Corp | 3.375 | 07/08/30 | 898,677 | |||||||||||||
| 1,500,000 | WPP Finance 2010 | 3.750 | 09/19/24 | 1,627,616 | |||||||||||||
| TOTAL MEDIA & ENTERTAINMENT | 272,892,095 | ||||||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.4% | |||||||||||||||||
| 175,000 | AbbVie, Inc | 3.250 | 10/01/22 | 178,842 | |||||||||||||
| 2,275,000 | AbbVie, Inc | 3.200 | 11/06/22 | 2,334,266 | |||||||||||||
| 850,000 | AbbVie, Inc | 2.850 | 05/14/23 | 879,360 | |||||||||||||
| 1,850,000 | AbbVie, Inc | 3.750 | 11/14/23 | 1,970,959 | |||||||||||||
| 2,350,000 | AbbVie, Inc | 3.800 | 03/15/25 | 2,551,754 | |||||||||||||
| 1,575,000 | AbbVie, Inc | 3.600 | 05/14/25 | 1,703,755 | |||||||||||||
| 4,150,000 | AbbVie, Inc | 3.200 | 05/14/26 | 4,477,425 | |||||||||||||
| 1,000,000 | AbbVie, Inc | 2.950 | 11/21/26 | 1,071,146 | |||||||||||||
| 675,000 | AbbVie, Inc | 4.250 | 11/14/28 | 777,547 | |||||||||||||
| 6,750,000 | AbbVie, Inc | 3.200 | 11/21/29 | 7,273,200 | |||||||||||||
| 2,250,000 | AbbVie, Inc | 4.550 | 03/15/35 | 2,696,424 | |||||||||||||
| 1,925,000 | AbbVie, Inc | 4.500 | 05/14/35 | 2,301,068 | |||||||||||||
| 675,000 | AbbVie, Inc | 4.300 | 05/14/36 | 791,521 | |||||||||||||
| 3,300,000 | AbbVie, Inc | 4.050 | 11/21/39 | 3,792,388 | |||||||||||||
| 2,175,000 | AbbVie, Inc | 4.400 | 11/06/42 | 2,598,215 | |||||||||||||
| 1,625,000 | AbbVie, Inc | 4.850 | 06/15/44 | 2,044,441 | |||||||||||||
| 1,310,000 | AbbVie, Inc | 4.750 | 03/15/45 | 1,635,878 | |||||||||||||
| 925,000 | AbbVie, Inc | 4.700 | 05/14/45 | 1,141,189 | |||||||||||||
| 1,350,000 | AbbVie, Inc | 4.450 | 05/14/46 | 1,626,806 | |||||||||||||
| 1,150,000 | AbbVie, Inc | 4.875 | 11/14/48 | 1,475,223 | |||||||||||||
| 4,975,000 | AbbVie, Inc | 4.250 | 11/21/49 | 5,892,653 | |||||||||||||
| 400,000 | Agilent Technologies, Inc | 3.875 | 07/15/23 | 421,864 | |||||||||||||
| 200,000 | Agilent Technologies, Inc | 3.050 | 09/22/26 | 214,463 | |||||||||||||
| 500,000 | Agilent Technologies, Inc | 2.750 | 09/15/29 | 521,733 | |||||||||||||
| 1,000,000 | Agilent Technologies, Inc | 2.100 | 06/04/30 | 989,913 | |||||||||||||
| 1,000,000 | Agilent Technologies, Inc | 2.300 | 03/12/31 | 1,001,018 | |||||||||||||
| 2,475,000 | Amgen, Inc | 2.250 | 08/19/23 | 2,551,931 | |||||||||||||
| 950,000 | Amgen, Inc | 3.625 | 05/22/24 | 1,017,986 | |||||||||||||
| 775,000 | Amgen, Inc | 3.125 | 05/01/25 | 827,702 | |||||||||||||
| 64 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,225,000 | Amgen, Inc | 2.600 | % | 08/19/26 | $ | 1,295,865 | ||||||||||
| 3,250,000 | Amgen, Inc | 2.200 | 02/21/27 | 3,362,695 | |||||||||||||
| 775,000 | Amgen, Inc | 3.200 | 11/02/27 | 842,774 | |||||||||||||
| 1,500,000 | Amgen, Inc | 1.650 | 08/15/28 | 1,475,010 | |||||||||||||
| 1,000,000 | Amgen, Inc | 2.450 | 02/21/30 | 1,021,290 | |||||||||||||
| 500,000 | e | Amgen, Inc | 2.300 | 02/25/31 | 501,518 | ||||||||||||
| 800,000 | Amgen, Inc | 2.000 | 01/15/32 | 769,338 | |||||||||||||
| 1,325,000 | Amgen, Inc | 3.150 | 02/21/40 | 1,337,469 | |||||||||||||
| 1,500,000 | Amgen, Inc | 2.800 | 08/15/41 | 1,449,387 | |||||||||||||
| 126,000 | Amgen, Inc | 5.150 | 11/15/41 | 160,931 | |||||||||||||
| 2,675,000 | Amgen, Inc | 4.400 | 05/01/45 | 3,199,778 | |||||||||||||
| 2,128,000 | Amgen, Inc | 4.563 | 06/15/48 | 2,633,685 | |||||||||||||
| 2,575,000 | Amgen, Inc | 3.375 | 02/21/50 | 2,644,240 | |||||||||||||
| 2,447,000 | Amgen, Inc | 4.663 | 06/15/51 | 3,087,402 | |||||||||||||
| 1,000,000 | Amgen, Inc | 3.000 | 01/15/52 | 959,319 | |||||||||||||
| 172,000 | Amgen, Inc | 2.770 | 09/01/53 | 159,143 | |||||||||||||
| 475,000 | AstraZeneca plc | 3.500 | 08/17/23 | 501,953 | |||||||||||||
| 350,000 | AstraZeneca plc | 3.375 | 11/16/25 | 381,878 | |||||||||||||
| 1,000,000 | AstraZeneca plc | 0.700 | 04/08/26 | 979,008 | |||||||||||||
| 950,000 | AstraZeneca plc | 3.125 | 06/12/27 | 1,034,505 | |||||||||||||
| 1,700,000 | AstraZeneca plc | 4.000 | 01/17/29 | 1,942,284 | |||||||||||||
| 1,000,000 | AstraZeneca plc | 1.375 | 08/06/30 | 951,621 | |||||||||||||
| 1,900,000 | AstraZeneca plc | 6.450 | 09/15/37 | 2,815,227 | |||||||||||||
| 625,000 | AstraZeneca plc | 4.000 | 09/18/42 | 742,043 | |||||||||||||
| 500,000 | AstraZeneca plc | 4.375 | 11/16/45 | 633,751 | |||||||||||||
| 750,000 | AstraZeneca plc | 4.375 | 08/17/48 | 951,977 | |||||||||||||
| 600,000 | AstraZeneca plc | 2.125 | 08/06/50 | 517,461 | |||||||||||||
| 1,500,000 | e | AstraZeneca plc | 3.000 | 05/28/51 | 1,547,211 | ||||||||||||
| 449,000 | Baxalta, Inc | 4.000 | 06/23/25 | 491,250 | |||||||||||||
| 149,000 | Baxalta, Inc | 5.250 | 06/23/45 | 198,891 | |||||||||||||
| 875,000 | Biogen, Inc | 4.050 | 09/15/25 | 965,540 | |||||||||||||
| 300,000 | Biogen, Inc | 2.250 | 05/01/30 | 298,390 | |||||||||||||
| 1,375,000 | Biogen, Inc | 3.150 | 05/01/50 | 1,310,561 | |||||||||||||
| 1,346,000 | g | Biogen, Inc | 3.250 | 02/15/51 | 1,323,252 | ||||||||||||
| 600,000 | Bristol-Myers Squibb Co | 2.750 | 02/15/23 | 618,809 | |||||||||||||
| 1,684,000 | Bristol-Myers Squibb Co | 3.250 | 02/20/23 | 1,747,945 | |||||||||||||
| 200,000 | Bristol-Myers Squibb Co | 3.250 | 11/01/23 | 212,089 | |||||||||||||
| 1,000,000 | Bristol-Myers Squibb Co | 0.537 | 11/13/23 | 1,000,183 | |||||||||||||
| 5,350,000 | Bristol-Myers Squibb Co | 2.900 | 07/26/24 | 5,680,309 | |||||||||||||
| 600,000 | Bristol-Myers Squibb Co | 3.875 | 08/15/25 | 661,646 | |||||||||||||
| 1,000,000 | Bristol-Myers Squibb Co | 0.750 | 11/13/25 | 990,861 | |||||||||||||
| 500,000 | Bristol-Myers Squibb Co | 3.250 | 02/27/27 | 550,385 | |||||||||||||
| 1,000,000 | Bristol-Myers Squibb Co | 1.125 | 11/13/27 | 991,216 | |||||||||||||
| 1,275,000 | Bristol-Myers Squibb Co | 3.900 | 02/20/28 | 1,441,472 | |||||||||||||
| 2,825,000 | Bristol-Myers Squibb Co | 3.400 | 07/26/29 | 3,131,034 | |||||||||||||
| 1,150,000 | Bristol-Myers Squibb Co | 1.450 | 11/13/30 | 1,102,646 | |||||||||||||
| 700,000 | Bristol-Myers Squibb Co | 4.125 | 06/15/39 | 840,699 | |||||||||||||
| 125,000 | Bristol-Myers Squibb Co | 2.350 | 11/13/40 | 118,940 | |||||||||||||
| 650,000 | Bristol-Myers Squibb Co | 3.250 | 08/01/42 | 700,020 | |||||||||||||
| 200,000 | Bristol-Myers Squibb Co | 4.500 | 03/01/44 | 251,034 | |||||||||||||
| 3,200,000 | Bristol-Myers Squibb Co | 5.000 | 08/15/45 | 4,302,076 | |||||||||||||
| 500,000 | Bristol-Myers Squibb Co | 4.350 | 11/15/47 | 627,331 | |||||||||||||
| 2,300,000 | Bristol-Myers Squibb Co | 4.550 | 02/20/48 | 2,950,381 | |||||||||||||
| 2,400,000 | Bristol-Myers Squibb Co | 4.250 | 10/26/49 | 2,976,902 | |||||||||||||
| 65 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,500,000 | Bristol-Myers Squibb Co | 2.550 | % | 11/13/50 | $ | 1,408,430 | ||||||||||
| 975,000 | Eli Lilly & Co | 2.750 | 06/01/25 | 1,031,810 | |||||||||||||
| 950,000 | Eli Lilly & Co | 3.100 | 05/15/27 | 1,031,969 | |||||||||||||
| 1,300,000 | Eli Lilly & Co | 2.250 | 05/15/50 | 1,175,196 | |||||||||||||
| 750,000 | Eli Lilly & Co | 2.500 | 09/15/60 | 685,649 | |||||||||||||
| 500,000 | Gilead Sciences, Inc | 2.500 | 09/01/23 | 518,163 | |||||||||||||
| 850,000 | Gilead Sciences, Inc | 0.750 | 09/29/23 | 850,041 | |||||||||||||
| 800,000 | Gilead Sciences, Inc | 3.700 | 04/01/24 | 854,767 | |||||||||||||
| 575,000 | Gilead Sciences, Inc | 3.500 | 02/01/25 | 618,743 | |||||||||||||
| 1,125,000 | Gilead Sciences, Inc | 3.650 | 03/01/26 | 1,232,997 | |||||||||||||
| 525,000 | Gilead Sciences, Inc | 2.950 | 03/01/27 | 564,246 | |||||||||||||
| 325,000 | Gilead Sciences, Inc | 1.200 | 10/01/27 | 318,130 | |||||||||||||
| 5,815,000 | Gilead Sciences, Inc | 1.650 | 10/01/30 | 5,583,469 | |||||||||||||
| 450,000 | Gilead Sciences, Inc | 4.600 | 09/01/35 | 545,653 | |||||||||||||
| 1,300,000 | Gilead Sciences, Inc | 4.000 | 09/01/36 | 1,495,067 | |||||||||||||
| 325,000 | Gilead Sciences, Inc | 2.600 | 10/01/40 | 309,419 | |||||||||||||
| 250,000 | Gilead Sciences, Inc | 5.650 | 12/01/41 | 345,686 | |||||||||||||
| 1,025,000 | Gilead Sciences, Inc | 4.800 | 04/01/44 | 1,289,984 | |||||||||||||
| 950,000 | Gilead Sciences, Inc | 4.500 | 02/01/45 | 1,150,632 | |||||||||||||
| 925,000 | Gilead Sciences, Inc | 4.750 | 03/01/46 | 1,163,169 | |||||||||||||
| 1,525,000 | Gilead Sciences, Inc | 4.150 | 03/01/47 | 1,784,355 | |||||||||||||
| 2,600,000 | Gilead Sciences, Inc | 2.800 | 10/01/50 | 2,451,006 | |||||||||||||
| 1,550,000 | GlaxoSmithKline Capital plc | 0.534 | 10/01/23 | 1,552,471 | |||||||||||||
| 2,900,000 | GlaxoSmithKline Capital plc | 3.375 | 06/01/29 | 3,194,243 | |||||||||||||
| 900,000 | GlaxoSmithKline Capital, Inc | 2.800 | 03/18/23 | 932,844 | |||||||||||||
| 950,000 | GlaxoSmithKline Capital, Inc | 3.625 | 05/15/25 | 1,037,305 | |||||||||||||
| 925,000 | GlaxoSmithKline Capital, Inc | 3.875 | 05/15/28 | 1,047,119 | |||||||||||||
| 350,000 | GlaxoSmithKline Capital, Inc | 5.375 | 04/15/34 | 465,417 | |||||||||||||
| 1,243,000 | GlaxoSmithKline Capital, Inc | 6.375 | 05/15/38 | 1,833,788 | |||||||||||||
| 850,000 | GlaxoSmithKline Capital, Inc | 4.200 | 03/18/43 | 1,033,420 | |||||||||||||
| 1,500,000 | Illumina, Inc | 2.550 | 03/23/31 | 1,513,883 | |||||||||||||
| 300,000 | Johnson & Johnson | 2.050 | 03/01/23 | 306,958 | |||||||||||||
| 950,000 | Johnson & Johnson | 3.375 | 12/05/23 | 1,016,819 | |||||||||||||
| 2,000,000 | Johnson & Johnson | 0.550 | 09/01/25 | 1,982,781 | |||||||||||||
| 1,000,000 | Johnson & Johnson | 2.450 | 03/01/26 | 1,064,732 | |||||||||||||
| 2,000,000 | Johnson & Johnson | 0.950 | 09/01/27 | 1,960,200 | |||||||||||||
| 2,000,000 | Johnson & Johnson | 1.300 | 09/01/30 | 1,928,147 | |||||||||||||
| 1,000,000 | Johnson & Johnson | 4.375 | 12/05/33 | 1,230,141 | |||||||||||||
| 250,000 | Johnson & Johnson | 3.550 | 03/01/36 | 288,115 | |||||||||||||
| 450,000 | Johnson & Johnson | 3.625 | 03/03/37 | 518,833 | |||||||||||||
| 250,000 | Johnson & Johnson | 5.950 | 08/15/37 | 362,570 | |||||||||||||
| 675,000 | Johnson & Johnson | 3.400 | 01/15/38 | 758,082 | |||||||||||||
| 375,000 | Johnson & Johnson | 5.850 | 07/15/38 | 544,170 | |||||||||||||
| 1,000,000 | Johnson & Johnson | 2.100 | 09/01/40 | 940,213 | |||||||||||||
| 300,000 | Johnson & Johnson | 4.500 | 12/05/43 | 389,732 | |||||||||||||
| 1,200,000 | Johnson & Johnson | 3.700 | 03/01/46 | 1,409,141 | |||||||||||||
| 1,625,000 | Johnson & Johnson | 3.750 | 03/03/47 | 1,932,514 | |||||||||||||
| 2,100,000 | Johnson & Johnson | 3.500 | 01/15/48 | 2,438,454 | |||||||||||||
| 500,000 | Johnson & Johnson | 2.250 | 09/01/50 | 462,301 | |||||||||||||
| 1,000,000 | Johnson & Johnson | 2.450 | 09/01/60 | 932,806 | |||||||||||||
| 1,300,000 | Merck & Co, Inc | 2.800 | 05/18/23 | 1,351,173 | |||||||||||||
| 1,450,000 | Merck & Co, Inc | 2.750 | 02/10/25 | 1,535,143 | |||||||||||||
| 2,875,000 | Merck & Co, Inc | 0.750 | 02/24/26 | 2,836,369 | |||||||||||||
| 66 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 3,175,000 | Merck & Co, Inc | 1.450 | % | 06/24/30 | $ | 3,066,679 | ||||||||||
| 1,475,000 | Merck & Co, Inc | 3.900 | 03/07/39 | 1,721,274 | |||||||||||||
| 425,000 | Merck & Co, Inc | 2.350 | 06/24/40 | 404,540 | |||||||||||||
| 100,000 | Merck & Co, Inc | 3.600 | 09/15/42 | 113,244 | |||||||||||||
| 925,000 | Merck & Co, Inc | 4.150 | 05/18/43 | 1,124,290 | |||||||||||||
| 1,825,000 | Merck & Co, Inc | 3.700 | 02/10/45 | 2,097,832 | |||||||||||||
| 1,600,000 | Merck & Co, Inc | 4.000 | 03/07/49 | 1,925,283 | |||||||||||||
| 375,000 | Merck & Co, Inc | 2.450 | 06/24/50 | 349,256 | |||||||||||||
| 2,800,000 | Mylan NV | 3.950 | 06/15/26 | 3,084,476 | |||||||||||||
| 750,000 | Mylan NV | 5.250 | 06/15/46 | 917,374 | |||||||||||||
| 500,000 | Mylan, Inc | 4.550 | 04/15/28 | 570,693 | |||||||||||||
| 700,000 | Mylan, Inc | 5.200 | 04/15/48 | 861,779 | |||||||||||||
| 2,300,000 | Novartis Capital Corp | 3.400 | 05/06/24 | 2,467,119 | |||||||||||||
| 725,000 | Novartis Capital Corp | 3.000 | 11/20/25 | 782,976 | |||||||||||||
| 3,500,000 | Novartis Capital Corp | 2.000 | 02/14/27 | 3,617,568 | |||||||||||||
| 1,300,000 | Novartis Capital Corp | 3.100 | 05/17/27 | 1,414,620 | |||||||||||||
| 1,000,000 | Novartis Capital Corp | 2.200 | 08/14/30 | 1,025,274 | |||||||||||||
| 400,000 | Novartis Capital Corp | 3.700 | 09/21/42 | 463,834 | |||||||||||||
| 1,025,000 | Novartis Capital Corp | 4.400 | 05/06/44 | 1,306,809 | |||||||||||||
| 1,000,000 | Novartis Capital Corp | 4.000 | 11/20/45 | 1,207,107 | |||||||||||||
| 750,000 | Novartis Capital Corp | 2.750 | 08/14/50 | 754,765 | |||||||||||||
| 500,000 | PerkinElmer, Inc | 3.300 | 09/15/29 | 539,070 | |||||||||||||
| 1,000,000 | PerkinElmer, Inc | 2.550 | 03/15/31 | 1,013,478 | |||||||||||||
| 1,000,000 | PerkinElmer, Inc | 3.625 | 03/15/51 | 1,074,944 | |||||||||||||
| 1,075,000 | Pfizer, Inc | 3.000 | 06/15/23 | 1,122,873 | |||||||||||||
| 1,175,000 | Pfizer, Inc | 3.400 | 05/15/24 | 1,260,565 | |||||||||||||
| 3,000,000 | Pfizer, Inc | 0.800 | 05/28/25 | 2,989,074 | |||||||||||||
| 350,000 | Pfizer, Inc | 2.750 | 06/03/26 | 376,800 | |||||||||||||
| 2,850,000 | Pfizer, Inc | 3.000 | 12/15/26 | 3,115,643 | |||||||||||||
| 950,000 | Pfizer, Inc | 3.600 | 09/15/28 | 1,069,032 | |||||||||||||
| 1,550,000 | Pfizer, Inc | 3.450 | 03/15/29 | 1,724,977 | |||||||||||||
| 3,000,000 | Pfizer, Inc | 1.750 | 08/18/31 | 2,931,885 | |||||||||||||
| 425,000 | Pfizer, Inc | 4.000 | 12/15/36 | 504,755 | |||||||||||||
| 500,000 | Pfizer, Inc | 4.100 | 09/15/38 | 597,684 | |||||||||||||
| 875,000 | Pfizer, Inc | 3.900 | 03/15/39 | 1,023,957 | |||||||||||||
| 350,000 | Pfizer, Inc | 7.200 | 03/15/39 | 560,920 | |||||||||||||
| 1,250,000 | Pfizer, Inc | 2.550 | 05/28/40 | 1,241,539 | |||||||||||||
| 625,000 | Pfizer, Inc | 4.300 | 06/15/43 | 762,912 | |||||||||||||
| 1,100,000 | Pfizer, Inc | 4.400 | 05/15/44 | 1,370,800 | |||||||||||||
| 1,875,000 | Pfizer, Inc | 4.125 | 12/15/46 | 2,281,818 | |||||||||||||
| 1,200,000 | Pfizer, Inc | 4.200 | 09/15/48 | 1,492,287 | |||||||||||||
| 2,100,000 | Pfizer, Inc | 4.000 | 03/15/49 | 2,540,693 | |||||||||||||
| 1,000,000 | Pfizer, Inc | 2.700 | 05/28/50 | 983,660 | |||||||||||||
| 1,000,000 | Regeneron Pharmaceuticals, Inc | 1.750 | 09/15/30 | 951,327 | |||||||||||||
| 500,000 | Regeneron Pharmaceuticals, Inc | 2.800 | 09/15/50 | 461,624 | |||||||||||||
| 1,000,000 | Royalty Pharma plc | 0.750 | 09/02/23 | 1,003,267 | |||||||||||||
| 1,000,000 | Royalty Pharma plc | 1.200 | 09/02/25 | 993,517 | |||||||||||||
| 1,000,000 | Royalty Pharma plc | 1.750 | 09/02/27 | 995,675 | |||||||||||||
| 375,000 | Royalty Pharma plc | 2.200 | 09/02/30 | 366,584 | |||||||||||||
| 1,000,000 | Royalty Pharma plc | 2.150 | 09/02/31 | 962,933 | |||||||||||||
| 1,000,000 | Royalty Pharma plc | 3.300 | 09/02/40 | 996,851 | |||||||||||||
| 1,000,000 | Royalty Pharma plc | 3.550 | 09/02/50 | 982,329 | |||||||||||||
| 1,000,000 | Royalty Pharma plc | 3.350 | 09/02/51 | 947,446 | |||||||||||||
| 1,750,000 | Sanofi | 3.375 | 06/19/23 | 1,837,266 | |||||||||||||
| 67 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 500,000 | Sanofi | 3.625 | % | 06/19/28 | $ | 569,070 | ||||||||||
| 1,000,000 | Takeda Pharmaceutical Co Ltd | 4.400 | 11/26/23 | 1,077,597 | |||||||||||||
| 2,100,000 | Takeda Pharmaceutical Co Ltd | 5.000 | 11/26/28 | 2,508,892 | |||||||||||||
| 700,000 | Takeda Pharmaceutical Co Ltd | 2.050 | 03/31/30 | 689,021 | |||||||||||||
| 2,050,000 | Takeda Pharmaceutical Co Ltd | 3.025 | 07/09/40 | 2,081,369 | |||||||||||||
| 1,150,000 | Takeda Pharmaceutical Co Ltd | 3.175 | 07/09/50 | 1,165,384 | |||||||||||||
| 1,000,000 | e | Takeda Pharmaceutical Co Ltd | 3.375 | 07/09/60 | 1,043,791 | ||||||||||||
| 150,000 | Thermo Fisher Scientific, Inc | 3.650 | 12/15/25 | 164,068 | |||||||||||||
| 975,000 | Thermo Fisher Scientific, Inc | 2.950 | 09/19/26 | 1,048,219 | |||||||||||||
| 2,150,000 | Thermo Fisher Scientific, Inc | 3.200 | 08/15/27 | 2,341,219 | |||||||||||||
| 1,000,000 | Thermo Fisher Scientific, Inc | 1.750 | 10/15/28 | 996,570 | |||||||||||||
| 1,500,000 | Thermo Fisher Scientific, Inc | 2.600 | 10/01/29 | 1,565,686 | |||||||||||||
| 275,000 | Thermo Fisher Scientific, Inc | 2.000 | 10/15/31 | 269,046 | |||||||||||||
| 1,500,000 | Thermo Fisher Scientific, Inc | 2.800 | 10/15/41 | 1,496,179 | |||||||||||||
| 200,000 | Thermo Fisher Scientific, Inc | 5.300 | 02/01/44 | 275,278 | |||||||||||||
| 200,000 | Thermo Fisher Scientific, Inc | 4.100 | 08/15/47 | 242,531 | |||||||||||||
| 1,000,000 | g | Viatris, Inc | 1.650 | 06/22/25 | 1,010,007 | ||||||||||||
| 400,000 | g | Viatris, Inc | 2.300 | 06/22/27 | 408,432 | ||||||||||||
| 375,000 | g | Viatris, Inc | 2.700 | 06/22/30 | 379,087 | ||||||||||||
| 600,000 | g | Viatris, Inc | 3.850 | 06/22/40 | 643,499 | ||||||||||||
| 1,950,000 | g | Viatris, Inc | 4.000 | 06/22/50 | 2,072,581 | ||||||||||||
| 1,000,000 | Wyeth LLC | 6.450 | 02/01/24 | 1,133,460 | |||||||||||||
| 150,000 | Wyeth LLC | 6.500 | 02/01/34 | 214,531 | |||||||||||||
| 275,000 | Wyeth LLC | 5.950 | 04/01/37 | 387,067 | |||||||||||||
| 1,000,000 | Zoetis, Inc | 3.250 | 02/01/23 | 1,030,546 | |||||||||||||
| 300,000 | Zoetis, Inc | 4.500 | 11/13/25 | 337,675 | |||||||||||||
| 425,000 | Zoetis, Inc | 3.000 | 09/12/27 | 457,583 | |||||||||||||
| 500,000 | Zoetis, Inc | 3.900 | 08/20/28 | 561,858 | |||||||||||||
| 900,000 | Zoetis, Inc | 4.700 | 02/01/43 | 1,145,077 | |||||||||||||
| 650,000 | Zoetis, Inc | 3.950 | 09/12/47 | 755,541 | |||||||||||||
| 200,000 | Zoetis, Inc | 4.450 | 08/20/48 | 251,287 | |||||||||||||
| 375,000 | Zoetis, Inc | 3.000 | 05/15/50 | 377,661 | |||||||||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 294,406,549 | ||||||||||||||||
| REAL ESTATE - 1.1% | |||||||||||||||||
| 100,000 | Alexandria Real Estate Equities, Inc | 3.450 | 04/30/25 | 108,071 | |||||||||||||
| 200,000 | Alexandria Real Estate Equities, Inc | 4.300 | 01/15/26 | 221,713 | |||||||||||||
| 500,000 | Alexandria Real Estate Equities, Inc | 3.800 | 04/15/26 | 551,213 | |||||||||||||
| 200,000 | Alexandria Real Estate Equities, Inc | 4.500 | 07/30/29 | 232,227 | |||||||||||||
| 425,000 | Alexandria Real Estate Equities, Inc | 2.750 | 12/15/29 | 441,460 | |||||||||||||
| 100,000 | Alexandria Real Estate Equities, Inc | 4.700 | 07/01/30 | 118,428 | |||||||||||||
| 275,000 | Alexandria Real Estate Equities, Inc | 3.375 | 08/15/31 | 299,297 | |||||||||||||
| 1,500,000 | Alexandria Real Estate Equities, Inc | 2.000 | 05/18/32 | 1,454,066 | |||||||||||||
| 450,000 | Alexandria Real Estate Equities, Inc | 1.875 | 02/01/33 | 423,434 | |||||||||||||
| 500,000 | Alexandria Real Estate Equities, Inc | 4.850 | 04/15/49 | 642,068 | |||||||||||||
| 700,000 | Alexandria Real Estate Equities, Inc | 4.000 | 02/01/50 | 810,299 | |||||||||||||
| 1,000,000 | Alexandria Real Estate Equities, Inc | 3.000 | 05/18/51 | 972,898 | |||||||||||||
| 100,000 | American Campus Communities Operating Partnership LP | 3.750 | 04/15/23 | 104,098 | |||||||||||||
| 500,000 | American Campus Communities Operating Partnership LP | 3.300 | 07/15/26 | 535,272 | |||||||||||||
| 200,000 | American Campus Communities Operating Partnership LP | 3.625 | 11/15/27 | 218,351 | |||||||||||||
| 68 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 500,000 | American Campus Communities Operating Partnership LP | 2.850 | % | 02/01/30 | $ | 513,646 | ||||||||||
| 500,000 | American Homes 4 Rent LP | 4.900 | 02/15/29 | 584,967 | |||||||||||||
| 250,000 | American Homes 4 Rent LP | 2.375 | 07/15/31 | 247,646 | |||||||||||||
| 250,000 | American Homes 4 Rent LP | 3.375 | 07/15/51 | 253,483 | |||||||||||||
| 800,000 | American Tower Corp | 3.500 | 01/31/23 | 832,733 | |||||||||||||
| 1,500,000 | American Tower Corp | 0.600 | 01/15/24 | 1,497,019 | |||||||||||||
| 450,000 | American Tower Corp | 5.000 | 02/15/24 | 494,409 | |||||||||||||
| 350,000 | American Tower Corp | 3.375 | 05/15/24 | 372,875 | |||||||||||||
| 750,000 | American Tower Corp | 2.400 | 03/15/25 | 779,810 | |||||||||||||
| 525,000 | American Tower Corp | 4.000 | 06/01/25 | 572,927 | |||||||||||||
| 1,350,000 | American Tower Corp | 1.300 | 09/15/25 | 1,350,266 | |||||||||||||
| 200,000 | American Tower Corp | 4.400 | 02/15/26 | 223,419 | |||||||||||||
| 1,000,000 | American Tower Corp | 1.600 | 04/15/26 | 1,004,084 | |||||||||||||
| 425,000 | American Tower Corp | 3.375 | 10/15/26 | 459,894 | |||||||||||||
| 750,000 | American Tower Corp | 2.750 | 01/15/27 | 787,488 | |||||||||||||
| 500,000 | American Tower Corp | 3.125 | 01/15/27 | 532,859 | |||||||||||||
| 150,000 | American Tower Corp | 3.550 | 07/15/27 | 163,455 | |||||||||||||
| 500,000 | American Tower Corp | 3.600 | 01/15/28 | 544,364 | |||||||||||||
| 875,000 | American Tower Corp | 1.500 | 01/31/28 | 847,569 | |||||||||||||
| 350,000 | American Tower Corp | 3.950 | 03/15/29 | 389,103 | |||||||||||||
| 750,000 | American Tower Corp | 2.900 | 01/15/30 | 780,801 | |||||||||||||
| 750,000 | American Tower Corp | 2.100 | 06/15/30 | 733,931 | |||||||||||||
| 725,000 | American Tower Corp | 1.875 | 10/15/30 | 696,263 | |||||||||||||
| 1,000,000 | American Tower Corp | 2.700 | 04/15/31 | 1,022,535 | |||||||||||||
| 1,350,000 | American Tower Corp | 3.700 | 10/15/49 | 1,459,864 | |||||||||||||
| 425,000 | American Tower Corp | 3.100 | 06/15/50 | 416,019 | |||||||||||||
| 1,275,000 | American Tower Corp | 2.950 | 01/15/51 | 1,202,458 | |||||||||||||
| 200,000 | AvalonBay Communities, Inc | 3.500 | 11/15/24 | 215,455 | |||||||||||||
| 200,000 | AvalonBay Communities, Inc | 2.950 | 05/11/26 | 214,053 | |||||||||||||
| 100,000 | AvalonBay Communities, Inc | 2.900 | 10/15/26 | 107,198 | |||||||||||||
| 1,200,000 | AvalonBay Communities, Inc | 3.350 | 05/15/27 | 1,318,389 | |||||||||||||
| 200,000 | AvalonBay Communities, Inc | 3.200 | 01/15/28 | 215,938 | |||||||||||||
| 750,000 | AvalonBay Communities, Inc | 3.300 | 06/01/29 | 818,115 | |||||||||||||
| 750,000 | AvalonBay Communities, Inc | 2.300 | 03/01/30 | 761,390 | |||||||||||||
| 800,000 | AvalonBay Communities, Inc | 2.050 | 01/15/32 | 788,720 | |||||||||||||
| 400,000 | AvalonBay Communities, Inc | 4.150 | 07/01/47 | 485,976 | |||||||||||||
| 200,000 | AvalonBay Communities, Inc | 4.350 | 04/15/48 | 251,022 | |||||||||||||
| 275,000 | Boston Properties LP | 3.850 | 02/01/23 | 285,158 | |||||||||||||
| 425,000 | Boston Properties LP | 3.125 | 09/01/23 | 443,077 | |||||||||||||
| 200,000 | Boston Properties LP | 3.800 | 02/01/24 | 212,510 | |||||||||||||
| 1,500,000 | Boston Properties LP | 3.200 | 01/15/25 | 1,592,616 | |||||||||||||
| 275,000 | Boston Properties LP | 3.650 | 02/01/26 | 299,794 | |||||||||||||
| 700,000 | Boston Properties LP | 2.750 | 10/01/26 | 738,420 | |||||||||||||
| 550,000 | Boston Properties LP | 4.500 | 12/01/28 | 633,359 | |||||||||||||
| 550,000 | Boston Properties LP | 3.400 | 06/21/29 | 595,801 | |||||||||||||
| 750,000 | Boston Properties LP | 2.900 | 03/15/30 | 777,719 | |||||||||||||
| 1,000,000 | Boston Properties LP | 3.250 | 01/30/31 | 1,062,391 | |||||||||||||
| 2,000,000 | Boston Properties LP | 2.550 | 04/01/32 | 1,997,154 | |||||||||||||
| 1,000,000 | Boston Properties LP | 2.450 | 10/01/33 | 973,225 | |||||||||||||
| 100,000 | Brandywine Operating Partnership LP | 3.950 | 02/15/23 | 103,732 | |||||||||||||
| 500,000 | Brandywine Operating Partnership LP | 4.100 | 10/01/24 | 538,772 | |||||||||||||
| 100,000 | Brandywine Operating Partnership LP | 3.950 | 11/15/27 | 108,786 | |||||||||||||
| 500,000 | Brandywine Operating Partnership LP | 4.550 | 10/01/29 | 558,546 | |||||||||||||
| 69 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 900,000 | Brixmor Operating Partnership LP | 3.650 | % | 06/15/24 | $ | 960,414 | ||||||||||
| 200,000 | Brixmor Operating Partnership LP | 3.850 | 02/01/25 | 216,200 | |||||||||||||
| 225,000 | Brixmor Operating Partnership LP | 4.125 | 06/15/26 | 249,193 | |||||||||||||
| 300,000 | Brixmor Operating Partnership LP | 3.900 | 03/15/27 | 329,149 | |||||||||||||
| 100,000 | Brixmor Operating Partnership LP | 2.250 | 04/01/28 | 100,852 | |||||||||||||
| 600,000 | Brixmor Operating Partnership LP | 4.125 | 05/15/29 | 673,978 | |||||||||||||
| 940,000 | Brixmor Operating Partnership LP | 4.050 | 07/01/30 | 1,049,647 | |||||||||||||
| 100,000 | Brixmor Operating Partnership LP | 2.500 | 08/16/31 | 98,527 | |||||||||||||
| 200,000 | Camden Property Trust | 2.950 | 12/15/22 | 204,570 | |||||||||||||
| 100,000 | Camden Property Trust | 4.100 | 10/15/28 | 114,718 | |||||||||||||
| 325,000 | Camden Property Trust | 3.150 | 07/01/29 | 351,055 | |||||||||||||
| 100,000 | Camden Property Trust | 2.800 | 05/15/30 | 105,541 | |||||||||||||
| 500,000 | Camden Property Trust | 3.350 | 11/01/49 | 543,502 | |||||||||||||
| 500,000 | CBRE Services, Inc | 4.875 | 03/01/26 | 570,207 | |||||||||||||
| 1,000,000 | CBRE Services, Inc | 2.500 | 04/01/31 | 1,007,100 | |||||||||||||
| 1,225,000 | CC Holdings GS V LLC | 3.849 | 04/15/23 | 1,285,850 | |||||||||||||
| 400,000 | Columbia Property Trust Operating Partnership LP | 3.650 | 08/15/26 | 423,086 | |||||||||||||
| 300,000 | Corporate Office Properties LP | 5.000 | 07/01/25 | 334,430 | |||||||||||||
| 1,000,000 | Corporate Office Properties LP | 2.250 | 03/15/26 | 1,024,508 | |||||||||||||
| 1,000,000 | Corporate Office Properties LP | 2.000 | 01/15/29 | 979,701 | |||||||||||||
| 175,000 | Corporate Office Properties LP | 2.750 | 04/15/31 | 176,775 | |||||||||||||
| 1,375,000 | Crown Castle International Corp | 3.150 | 07/15/23 | 1,435,504 | |||||||||||||
| 500,000 | Crown Castle International Corp | 3.200 | 09/01/24 | 532,098 | |||||||||||||
| 1,000,000 | Crown Castle International Corp | 1.350 | 07/15/25 | 1,004,719 | |||||||||||||
| 975,000 | Crown Castle International Corp | 4.450 | 02/15/26 | 1,091,863 | |||||||||||||
| 250,000 | Crown Castle International Corp | 3.700 | 06/15/26 | 272,879 | |||||||||||||
| 1,500,000 | Crown Castle International Corp | 1.050 | 07/15/26 | 1,468,034 | |||||||||||||
| 100,000 | Crown Castle International Corp | 4.000 | 03/01/27 | 111,218 | |||||||||||||
| 525,000 | Crown Castle International Corp | 3.650 | 09/01/27 | 577,223 | |||||||||||||
| 775,000 | Crown Castle International Corp | 3.800 | 02/15/28 | 852,250 | |||||||||||||
| 300,000 | Crown Castle International Corp | 4.300 | 02/15/29 | 340,455 | |||||||||||||
| 500,000 | Crown Castle International Corp | 3.100 | 11/15/29 | 525,306 | |||||||||||||
| 275,000 | Crown Castle International Corp | 3.300 | 07/01/30 | 293,080 | |||||||||||||
| 1,050,000 | Crown Castle International Corp | 2.250 | 01/15/31 | 1,026,128 | |||||||||||||
| 1,500,000 | Crown Castle International Corp | 2.100 | 04/01/31 | 1,444,027 | |||||||||||||
| 1,000,000 | Crown Castle International Corp | 2.500 | 07/15/31 | 999,189 | |||||||||||||
| 1,000,000 | Crown Castle International Corp | 2.900 | 04/01/41 | 963,916 | |||||||||||||
| 200,000 | Crown Castle International Corp | 4.750 | 05/15/47 | 244,567 | |||||||||||||
| 300,000 | Crown Castle International Corp | 5.200 | 02/15/49 | 385,743 | |||||||||||||
| 500,000 | Crown Castle International Corp | 4.000 | 11/15/49 | 551,987 | |||||||||||||
| 200,000 | Crown Castle International Corp | 4.150 | 07/01/50 | 227,068 | |||||||||||||
| 875,000 | Crown Castle International Corp | 3.250 | 01/15/51 | 863,592 | |||||||||||||
| 100,000 | CubeSmart LP | 4.375 | 12/15/23 | 107,127 | |||||||||||||
| 200,000 | CubeSmart LP | 3.125 | 09/01/26 | 212,759 | |||||||||||||
| 100,000 | CubeSmart LP | 4.375 | 02/15/29 | 113,870 | |||||||||||||
| 250,000 | CubeSmart LP | 3.000 | 02/15/30 | 263,016 | |||||||||||||
| 450,000 | CubeSmart LP | 2.000 | 02/15/31 | 437,594 | |||||||||||||
| 250,000 | CyrusOne LP | 2.900 | 11/15/24 | 261,995 | |||||||||||||
| 750,000 | CyrusOne LP | 3.450 | 11/15/29 | 781,125 | |||||||||||||
| 200,000 | Digital Realty Trust LP | 4.750 | 10/01/25 | 225,174 | |||||||||||||
| 475,000 | Digital Realty Trust LP | 3.700 | 08/15/27 | 527,993 | |||||||||||||
| 300,000 | Digital Realty Trust LP | 4.450 | 07/15/28 | 344,005 | |||||||||||||
| 1,000,000 | Digital Realty Trust LP | 3.600 | 07/01/29 | 1,094,079 | |||||||||||||
| 70 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 100,000 | Duke Realty LP | 3.750 | % | 12/01/24 | $ | 107,911 | ||||||||||
| 100,000 | Duke Realty LP | 3.250 | 06/30/26 | 107,741 | |||||||||||||
| 1,000,000 | Duke Realty LP | 3.375 | 12/15/27 | 1,089,829 | |||||||||||||
| 100,000 | Duke Realty LP | 4.000 | 09/15/28 | 113,071 | |||||||||||||
| 225,000 | Duke Realty LP | 2.875 | 11/15/29 | 237,054 | |||||||||||||
| 200,000 | Duke Realty LP | 1.750 | 07/01/30 | 191,833 | |||||||||||||
| 1,000,000 | Duke Realty LP | 1.750 | 02/01/31 | 952,845 | |||||||||||||
| 500,000 | Duke Realty LP | 3.050 | 03/01/50 | 492,314 | |||||||||||||
| 1,000,000 | Equinix, Inc | 2.625 | 11/18/24 | 1,047,237 | |||||||||||||
| 1,000,000 | Equinix, Inc | 1.250 | 07/15/25 | 995,939 | |||||||||||||
| 525,000 | Equinix, Inc | 1.000 | 09/15/25 | 517,790 | |||||||||||||
| 2,000,000 | Equinix, Inc | 1.450 | 05/15/26 | 1,995,234 | |||||||||||||
| 650,000 | Equinix, Inc | 2.900 | 11/18/26 | 689,317 | |||||||||||||
| 200,000 | Equinix, Inc | 1.800 | 07/15/27 | 200,962 | |||||||||||||
| 800,000 | Equinix, Inc | 1.550 | 03/15/28 | 782,093 | |||||||||||||
| 2,000,000 | Equinix, Inc | 2.000 | 05/15/28 | 1,994,788 | |||||||||||||
| 1,000,000 | Equinix, Inc | 3.200 | 11/18/29 | 1,060,935 | |||||||||||||
| 175,000 | Equinix, Inc | 2.150 | 07/15/30 | 171,620 | |||||||||||||
| 2,000,000 | Equinix, Inc | 2.500 | 05/15/31 | 2,013,610 | |||||||||||||
| 500,000 | Equinix, Inc | 3.000 | 07/15/50 | 474,215 | |||||||||||||
| 1,000,000 | Equinix, Inc | 2.950 | 09/15/51 | 938,920 | |||||||||||||
| 1,500,000 | e | Equinix, Inc | 3.400 | 02/15/52 | 1,525,383 | ||||||||||||
| 700,000 | ERP Operating LP | 3.375 | 06/01/25 | 752,062 | |||||||||||||
| 200,000 | ERP Operating LP | 2.850 | 11/01/26 | 212,654 | |||||||||||||
| 1,150,000 | ERP Operating LP | 3.250 | 08/01/27 | 1,251,751 | |||||||||||||
| 500,000 | ERP Operating LP | 3.500 | 03/01/28 | 548,998 | |||||||||||||
| 200,000 | ERP Operating LP | 4.150 | 12/01/28 | 228,025 | |||||||||||||
| 750,000 | ERP Operating LP | 3.000 | 07/01/29 | 800,386 | |||||||||||||
| 300,000 | ERP Operating LP | 2.500 | 02/15/30 | 309,143 | |||||||||||||
| 500,000 | ERP Operating LP | 1.850 | 08/01/31 | 482,625 | |||||||||||||
| 425,000 | ERP Operating LP | 4.500 | 07/01/44 | 532,290 | |||||||||||||
| 100,000 | ERP Operating LP | 4.000 | 08/01/47 | 118,035 | |||||||||||||
| 650,000 | Essential Properties LP | 2.950 | 07/15/31 | 653,395 | |||||||||||||
| 100,000 | Essex Portfolio LP | 3.250 | 05/01/23 | 103,649 | |||||||||||||
| 400,000 | Essex Portfolio LP | 3.500 | 04/01/25 | 430,566 | |||||||||||||
| 100,000 | Essex Portfolio LP | 3.375 | 04/15/26 | 107,870 | |||||||||||||
| 200,000 | Essex Portfolio LP | 3.625 | 05/01/27 | 219,096 | |||||||||||||
| 1,000,000 | Essex Portfolio LP | 1.700 | 03/01/28 | 980,699 | |||||||||||||
| 900,000 | Essex Portfolio LP | 4.000 | 03/01/29 | 1,009,887 | |||||||||||||
| 325,000 | Essex Portfolio LP | 3.000 | 01/15/30 | 342,626 | |||||||||||||
| 750,000 | Essex Portfolio LP | 1.650 | 01/15/31 | 700,971 | |||||||||||||
| 1,000,000 | Essex Portfolio LP | 2.550 | 06/15/31 | 1,009,356 | |||||||||||||
| 500,000 | Essex Portfolio LP | 2.650 | 03/15/32 | 505,269 | |||||||||||||
| 300,000 | Essex Portfolio LP | 4.500 | 03/15/48 | 363,585 | |||||||||||||
| 500,000 | Federal Realty Investment Trust | 3.950 | 01/15/24 | 533,166 | |||||||||||||
| 300,000 | Federal Realty Investment Trust | 1.250 | 02/15/26 | 297,426 | |||||||||||||
| 250,000 | Federal Realty Investment Trust | 3.250 | 07/15/27 | 268,946 | |||||||||||||
| 1,300,000 | Federal Realty Investment Trust | 3.200 | 06/15/29 | 1,389,818 | |||||||||||||
| 300,000 | Federal Realty Investment Trust | 3.500 | 06/01/30 | 325,474 | |||||||||||||
| 200,000 | Federal Realty Investment Trust | 4.500 | 12/01/44 | 238,681 | |||||||||||||
| 250,000 | GLP Capital LP | 3.350 | 09/01/24 | 263,617 | |||||||||||||
| 1,300,000 | GLP Capital LP | 5.250 | 06/01/25 | 1,449,604 | |||||||||||||
| 150,000 | GLP Capital LP | 5.375 | 04/15/26 | 170,542 | |||||||||||||
| 750,000 | GLP Capital LP | 5.750 | 06/01/28 | 879,937 | |||||||||||||
| 71 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 200,000 | GLP Capital LP | 5.300 | % | 01/15/29 | $ | 233,832 | ||||||||||
| 500,000 | GLP Capital LP | 4.000 | 01/15/30 | 536,910 | |||||||||||||
| 500,000 | GLP Capital LP | 4.000 | 01/15/31 | 539,300 | |||||||||||||
| 100,000 | e | Healthcare Realty Trust, Inc | 3.625 | 01/15/28 | 109,415 | ||||||||||||
| 100,000 | Healthcare Realty Trust, Inc | 2.400 | 03/15/30 | 100,352 | |||||||||||||
| 175,000 | e | Healthcare Realty Trust, Inc | 2.050 | 03/15/31 | 170,076 | ||||||||||||
| 800,000 | Healthcare Trust of America Holdings LP | 3.500 | 08/01/26 | 867,125 | |||||||||||||
| 500,000 | Healthcare Trust of America Holdings LP | 3.100 | 02/15/30 | 525,769 | |||||||||||||
| 975,000 | Healthcare Trust of America Holdings LP | 2.000 | 03/15/31 | 934,779 | |||||||||||||
| 100,000 | Healthpeak Properties, Inc | 3.250 | 07/15/26 | 108,484 | |||||||||||||
| 1,500,000 | Healthpeak Properties, Inc | 1.350 | 02/01/27 | 1,483,417 | |||||||||||||
| 600,000 | Healthpeak Properties, Inc | 3.500 | 07/15/29 | 656,553 | |||||||||||||
| 1,000,000 | Healthpeak Properties, Inc | 3.000 | 01/15/30 | 1,054,834 | |||||||||||||
| 175,000 | Healthpeak Properties, Inc | 2.875 | 01/15/31 | 182,499 | |||||||||||||
| 30,000 | Healthpeak Properties, Inc | 6.750 | 02/01/41 | 45,088 | |||||||||||||
| 100,000 | Highwoods Realty LP | 3.875 | 03/01/27 | 110,576 | |||||||||||||
| 150,000 | Highwoods Realty LP | 4.125 | 03/15/28 | 167,083 | |||||||||||||
| 250,000 | Highwoods Realty LP | 4.200 | 04/15/29 | 279,812 | |||||||||||||
| 500,000 | Highwoods Realty LP | 3.050 | 02/15/30 | 522,202 | |||||||||||||
| 775,000 | Highwoods Realty LP | 2.600 | 02/01/31 | 779,858 | |||||||||||||
| 600,000 | Host Hotels & Resorts LP | 3.750 | 10/15/23 | 628,088 | |||||||||||||
| 700,000 | Host Hotels & Resorts LP | 3.875 | 04/01/24 | 741,290 | |||||||||||||
| 200,000 | Host Hotels & Resorts LP | 4.000 | 06/15/25 | 214,404 | |||||||||||||
| 100,000 | Host Hotels & Resorts LP | 4.500 | 02/01/26 | 109,528 | |||||||||||||
| 500,000 | Host Hotels & Resorts LP | 3.375 | 12/15/29 | 514,627 | |||||||||||||
| 850,000 | Host Hotels & Resorts LP | 3.500 | 09/15/30 | 882,981 | |||||||||||||
| 100,000 | Hudson Pacific Properties LP | 3.950 | 11/01/27 | 109,385 | |||||||||||||
| 100,000 | Hudson Pacific Properties LP | 4.650 | 04/01/29 | 114,765 | |||||||||||||
| 750,000 | Hudson Pacific Properties LP | 3.250 | 01/15/30 | 787,227 | |||||||||||||
| 500,000 | Invitation Homes Operating Partnership LP | 2.000 | 08/15/31 | 480,187 | |||||||||||||
| 250,000 | Kilroy Realty LP | 3.800 | 01/15/23 | 258,702 | |||||||||||||
| 125,000 | Kilroy Realty LP | 3.450 | 12/15/24 | 133,415 | |||||||||||||
| 250,000 | Kilroy Realty LP | 4.750 | 12/15/28 | 288,344 | |||||||||||||
| 200,000 | Kilroy Realty LP | 4.250 | 08/15/29 | 225,789 | |||||||||||||
| 750,000 | Kilroy Realty LP | 3.050 | 02/15/30 | 786,138 | |||||||||||||
| 500,000 | Kilroy Realty LP | 2.500 | 11/15/32 | 492,296 | |||||||||||||
| 1,000,000 | h | Kilroy Realty LP | 2.650 | 11/15/33 | 986,204 | ||||||||||||
| 100,000 | Kimco Realty Corp | 3.400 | 11/01/22 | 102,729 | |||||||||||||
| 300,000 | Kimco Realty Corp | 3.125 | 06/01/23 | 310,886 | |||||||||||||
| 200,000 | Kimco Realty Corp | 2.700 | 03/01/24 | 208,329 | |||||||||||||
| 1,175,000 | Kimco Realty Corp | 3.300 | 02/01/25 | 1,252,689 | |||||||||||||
| 625,000 | Kimco Realty Corp | 2.800 | 10/01/26 | 662,905 | |||||||||||||
| 200,000 | Kimco Realty Corp | 3.800 | 04/01/27 | 222,464 | |||||||||||||
| 500,000 | Kimco Realty Corp | 1.900 | 03/01/28 | 499,950 | |||||||||||||
| 750,000 | Kimco Realty Corp | 2.700 | 10/01/30 | 771,044 | |||||||||||||
| 1,000,000 | Kimco Realty Corp | 2.250 | 12/01/31 | 976,900 | |||||||||||||
| 200,000 | Kimco Realty Corp | 4.250 | 04/01/45 | 229,995 | |||||||||||||
| 175,000 | Kimco Realty Corp | 4.125 | 12/01/46 | 199,532 | |||||||||||||
| 100,000 | Kimco Realty Corp | 4.450 | 09/01/47 | 121,027 | |||||||||||||
| 500,000 | Kimco Realty Corp | 3.700 | 10/01/49 | 540,803 | |||||||||||||
| 750,000 | Lexington Realty Trust | 2.700 | 09/15/30 | 758,978 | |||||||||||||
| 1,000,000 | Lexington Realty Trust | 2.375 | 10/01/31 | 969,599 | |||||||||||||
| 200,000 | Life Storage LP | 3.875 | 12/15/27 | 224,335 | |||||||||||||
| 72 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 500,000 | Life Storage LP | 4.000 | % | 06/15/29 | $ | 560,099 | ||||||||||
| 100,000 | Life Storage LP | 2.200 | 10/15/30 | 99,159 | |||||||||||||
| 200,000 | Mid-America Apartments LP | 4.300 | 10/15/23 | 213,033 | |||||||||||||
| 100,000 | Mid-America Apartments LP | 4.000 | 11/15/25 | 109,812 | |||||||||||||
| 1,000,000 | Mid-America Apartments LP | 1.100 | 09/15/26 | 986,480 | |||||||||||||
| 750,000 | Mid-America Apartments LP | 3.600 | 06/01/27 | 827,178 | |||||||||||||
| 200,000 | Mid-America Apartments LP | 4.200 | 06/15/28 | 228,786 | |||||||||||||
| 625,000 | Mid-America Apartments LP | 3.950 | 03/15/29 | 703,468 | |||||||||||||
| 175,000 | Mid-America Apartments LP | 2.750 | 03/15/30 | 182,024 | |||||||||||||
| 250,000 | Mid-America Apartments LP | 1.700 | 02/15/31 | 237,221 | |||||||||||||
| 150,000 | Mid-America Apartments LP | 2.875 | 09/15/51 | 144,901 | |||||||||||||
| 1,000,000 | National Health Investors, Inc | 3.000 | 02/01/31 | 972,201 | |||||||||||||
| 1,550,000 | National Retail Properties, Inc | 3.500 | 10/15/27 | 1,681,387 | |||||||||||||
| 300,000 | National Retail Properties, Inc | 2.500 | 04/15/30 | 304,016 | |||||||||||||
| 500,000 | National Retail Properties, Inc | 3.100 | 04/15/50 | 481,983 | |||||||||||||
| 1,000,000 | National Retail Properties, Inc | 3.500 | 04/15/51 | 1,040,451 | |||||||||||||
| 1,000,000 | National Retail Properties, Inc | 3.000 | 04/15/52 | 946,454 | |||||||||||||
| 1,000,000 | Office Properties Income Trust | 2.650 | 06/15/26 | 1,008,763 | |||||||||||||
| 500,000 | Office Properties Income Trust | 2.400 | 02/01/27 | 494,091 | |||||||||||||
| 248,000 | Omega Healthcare Investors, Inc | 4.375 | 08/01/23 | 262,566 | |||||||||||||
| 200,000 | Omega Healthcare Investors, Inc | 4.500 | 04/01/27 | 222,852 | |||||||||||||
| 825,000 | Omega Healthcare Investors, Inc | 4.750 | 01/15/28 | 927,424 | |||||||||||||
| 500,000 | Omega Healthcare Investors, Inc | 3.625 | 10/01/29 | 526,071 | |||||||||||||
| 500,000 | Omega Healthcare Investors, Inc | 3.375 | 02/01/31 | 509,089 | |||||||||||||
| 1,000,000 | Omega Healthcare Investors, Inc | 3.250 | 04/15/33 | 990,976 | |||||||||||||
| 200,000 | Physicians Realty LP | 4.300 | 03/15/27 | 226,247 | |||||||||||||
| 200,000 | Physicians Realty LP | 3.950 | 01/15/28 | 219,617 | |||||||||||||
| 200,000 | Piedmont Operating Partnership LP | 3.400 | 06/01/23 | 206,884 | |||||||||||||
| 200,000 | Piedmont Operating Partnership LP | 4.450 | 03/15/24 | 213,868 | |||||||||||||
| 1,000,000 | Piedmont Operating Partnership LP | 2.750 | 04/01/32 | 983,030 | |||||||||||||
| 100,000 | Prologis LP | 3.250 | 10/01/26 | 108,804 | |||||||||||||
| 500,000 | Prologis LP | 2.125 | 04/15/27 | 517,507 | |||||||||||||
| 1,200,000 | Prologis LP | 3.875 | 09/15/28 | 1,360,125 | |||||||||||||
| 100,000 | Prologis LP | 4.375 | 02/01/29 | 116,356 | |||||||||||||
| 500,000 | Prologis LP | 2.250 | 04/15/30 | 508,979 | |||||||||||||
| 1,000,000 | Prologis LP | 1.250 | 10/15/30 | 936,545 | |||||||||||||
| 1,000,000 | Prologis LP | 1.625 | 03/15/31 | 961,008 | |||||||||||||
| 100,000 | Prologis LP | 4.375 | 09/15/48 | 126,390 | |||||||||||||
| 500,000 | Prologis LP | 3.000 | 04/15/50 | 510,088 | |||||||||||||
| 500,000 | Prologis LP | 2.125 | 10/15/50 | 426,922 | |||||||||||||
| 1,500,000 | Public Storage | 0.875 | 02/15/26 | 1,481,741 | |||||||||||||
| 200,000 | Public Storage | 3.094 | 09/15/27 | 218,540 | |||||||||||||
| 1,500,000 | Public Storage | 1.850 | 05/01/28 | 1,520,366 | |||||||||||||
| 500,000 | Public Storage | 3.385 | 05/01/29 | 549,881 | |||||||||||||
| 1,000,000 | Public Storage | 2.300 | 05/01/31 | 1,013,193 | |||||||||||||
| 500,000 | Realty Income Corp | 4.650 | 08/01/23 | 533,187 | |||||||||||||
| 200,000 | Realty Income Corp | 3.875 | 04/15/25 | 219,083 | |||||||||||||
| 750,000 | Realty Income Corp | 0.750 | 03/15/26 | 732,094 | |||||||||||||
| 200,000 | Realty Income Corp | 4.125 | 10/15/26 | 224,413 | |||||||||||||
| 200,000 | Realty Income Corp | 3.000 | 01/15/27 | 214,152 | |||||||||||||
| 1,000,000 | Realty Income Corp | 3.650 | 01/15/28 | 1,107,646 | |||||||||||||
| 500,000 | Realty Income Corp | 3.250 | 06/15/29 | 542,331 | |||||||||||||
| 1,500,000 | Realty Income Corp | 3.250 | 01/15/31 | 1,627,743 | |||||||||||||
| 750,000 | Realty Income Corp | 1.800 | 03/15/33 | 709,811 | |||||||||||||
| 73 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 300,000 | Realty Income Corp | 4.650 | % | 03/15/47 | $ | 386,648 | ||||||||||
| 375,000 | Regency Centers LP | 3.600 | 02/01/27 | 413,085 | |||||||||||||
| 125,000 | Regency Centers LP | 4.125 | 03/15/28 | 139,997 | |||||||||||||
| 425,000 | Regency Centers LP | 2.950 | 09/15/29 | 445,868 | |||||||||||||
| 500,000 | Regency Centers LP | 3.700 | 06/15/30 | 551,895 | |||||||||||||
| 200,000 | Regency Centers LP | 4.400 | 02/01/47 | 234,177 | |||||||||||||
| 300,000 | Regency Centers LP | 4.650 | 03/15/49 | 366,348 | |||||||||||||
| 350,000 | Retail Properties of America, Inc | 4.750 | 09/15/30 | 384,904 | |||||||||||||
| 300,000 | Sabra Health Care LP | 4.800 | 06/01/24 | 330,356 | |||||||||||||
| 300,000 | Sabra Health Care LP | 5.125 | 08/15/26 | 335,822 | |||||||||||||
| 1,000,000 | Sabra Health Care LP | 3.200 | 12/01/31 | 979,625 | |||||||||||||
| 500,000 | Select Income REIT | 4.250 | 05/15/24 | 531,018 | |||||||||||||
| 400,000 | Select Income REIT | 4.500 | 02/01/25 | 428,764 | |||||||||||||
| 1,300,000 | Simon Property Group LP | 2.750 | 06/01/23 | 1,342,103 | |||||||||||||
| 500,000 | Simon Property Group LP | 2.000 | 09/13/24 | 517,532 | |||||||||||||
| 450,000 | Simon Property Group LP | 3.375 | 10/01/24 | 481,614 | |||||||||||||
| 800,000 | Simon Property Group LP | 3.500 | 09/01/25 | 868,952 | |||||||||||||
| 625,000 | Simon Property Group LP | 3.300 | 01/15/26 | 676,557 | |||||||||||||
| 350,000 | Simon Property Group LP | 3.250 | 11/30/26 | 379,220 | |||||||||||||
| 1,000,000 | Simon Property Group LP | 1.375 | 01/15/27 | 989,402 | |||||||||||||
| 200,000 | Simon Property Group LP | 3.375 | 06/15/27 | 218,386 | |||||||||||||
| 300,000 | Simon Property Group LP | 3.375 | 12/01/27 | 326,985 | |||||||||||||
| 1,000,000 | Simon Property Group LP | 1.750 | 02/01/28 | 992,498 | |||||||||||||
| 1,750,000 | Simon Property Group LP | 2.450 | 09/13/29 | 1,787,747 | |||||||||||||
| 750,000 | Simon Property Group LP | 2.650 | 07/15/30 | 773,085 | |||||||||||||
| 1,000,000 | Simon Property Group LP | 2.200 | 02/01/31 | 985,249 | |||||||||||||
| 500,000 | Simon Property Group LP | 2.250 | 01/15/32 | 488,829 | |||||||||||||
| 1,500,000 | e | Simon Property Group LP | 4.250 | 10/01/44 | 1,740,575 | ||||||||||||
| 300,000 | Simon Property Group LP | 4.250 | 11/30/46 | 350,059 | |||||||||||||
| 500,000 | Simon Property Group LP | 3.250 | 09/13/49 | 504,914 | |||||||||||||
| 750,000 | Simon Property Group LP | 3.800 | 07/15/50 | 826,486 | |||||||||||||
| 150,000 | SITE Centers Corp | 4.250 | 02/01/26 | 162,328 | |||||||||||||
| 200,000 | SITE Centers Corp | 4.700 | 06/01/27 | 225,260 | |||||||||||||
| 200,000 | SL Green Operating Partnership LP | 3.250 | 10/15/22 | 204,950 | |||||||||||||
| 200,000 | e | SL Green Realty Corp | 4.500 | 12/01/22 | 206,736 | ||||||||||||
| 525,000 | Sovran Acquisition LP | 3.500 | 07/01/26 | 572,432 | |||||||||||||
| 300,000 | Spirit Realty LP | 3.200 | 01/15/27 | 319,772 | |||||||||||||
| 1,000,000 | Spirit Realty LP | 2.100 | 03/15/28 | 994,802 | |||||||||||||
| 500,000 | Spirit Realty LP | 4.000 | 07/15/29 | 553,924 | |||||||||||||
| 300,000 | Spirit Realty LP | 3.400 | 01/15/30 | 318,774 | |||||||||||||
| 500,000 | Spirit Realty LP | 3.200 | 02/15/31 | 519,191 | |||||||||||||
| 1,000,000 | Spirit Realty LP | 2.700 | 02/15/32 | 991,435 | |||||||||||||
| 500,000 | STORE Capital Corp | 4.625 | 03/15/29 | 566,446 | |||||||||||||
| 500,000 | STORE Capital Corp | 2.750 | 11/18/30 | 502,318 | |||||||||||||
| 1,250,000 | Sun Communities Operating LP | 2.700 | 07/15/31 | 1,263,103 | |||||||||||||
| 100,000 | Tanger Properties LP | 3.125 | 09/01/26 | 104,647 | |||||||||||||
| 250,000 | e | Tanger Properties LP | 3.875 | 07/15/27 | 270,020 | ||||||||||||
| 500,000 | Tanger Properties LP | 2.750 | 09/01/31 | 483,669 | |||||||||||||
| 200,000 | UDR, Inc | 3.500 | 07/01/27 | 218,751 | |||||||||||||
| 200,000 | UDR, Inc | 3.500 | 01/15/28 | 217,260 | |||||||||||||
| 600,000 | UDR, Inc | 3.200 | 01/15/30 | 642,470 | |||||||||||||
| 1,000,000 | UDR, Inc | 3.000 | 08/15/31 | 1,046,462 | |||||||||||||
| 750,000 | UDR, Inc | 2.100 | 08/01/32 | 719,407 | |||||||||||||
| 74 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 500,000 | UDR, Inc | 1.900 | % | 03/15/33 | $ | 464,355 | ||||||||||
| 1,000,000 | UDR, Inc | 2.100 | 06/15/33 | 953,177 | |||||||||||||
| 300,000 | UDR, Inc | 3.100 | 11/01/34 | 312,642 | |||||||||||||
| 300,000 | Ventas Realty LP | 3.500 | 04/15/24 | 319,319 | |||||||||||||
| 750,000 | Ventas Realty LP | 2.650 | 01/15/25 | 783,848 | |||||||||||||
| 120,000 | Ventas Realty LP | 4.125 | 01/15/26 | 132,559 | |||||||||||||
| 200,000 | Ventas Realty LP | 3.250 | 10/15/26 | 213,859 | |||||||||||||
| 1,000,000 | Ventas Realty LP | 4.000 | 03/01/28 | 1,112,322 | |||||||||||||
| 525,000 | Ventas Realty LP | 4.400 | 01/15/29 | 600,240 | |||||||||||||
| 350,000 | Ventas Realty LP | 3.000 | 01/15/30 | 364,088 | |||||||||||||
| 500,000 | Ventas Realty LP | 4.750 | 11/15/30 | 587,779 | |||||||||||||
| 1,025,000 | Ventas Realty LP | 2.500 | 09/01/31 | 1,011,812 | |||||||||||||
| 300,000 | Ventas Realty LP | 4.375 | 02/01/45 | 342,530 | |||||||||||||
| 300,000 | Ventas Realty LP | 4.875 | 04/15/49 | 374,939 | |||||||||||||
| 425,000 | VEREIT Operating Partnership LP | 4.875 | 06/01/26 | 486,861 | |||||||||||||
| 650,000 | VEREIT Operating Partnership LP | 3.950 | 08/15/27 | 728,607 | |||||||||||||
| 1,000,000 | VEREIT Operating Partnership LP | 3.400 | 01/15/28 | 1,081,148 | |||||||||||||
| 500,000 | VEREIT Operating Partnership LP | 2.200 | 06/15/28 | 505,951 | |||||||||||||
| 500,000 | VEREIT Operating Partnership LP | 3.100 | 12/15/29 | 532,204 | |||||||||||||
| 500,000 | VEREIT Operating Partnership LP | 2.850 | 12/15/32 | 519,430 | |||||||||||||
| 200,000 | Vornado Realty LP | 3.500 | 01/15/25 | 212,594 | |||||||||||||
| 275,000 | Vornado Realty LP | 2.150 | 06/01/26 | 279,312 | |||||||||||||
| 275,000 | Vornado Realty LP | 3.400 | 06/01/31 | 284,569 | |||||||||||||
| 2,000,000 | Welltower, Inc | 3.625 | 03/15/24 | 2,132,442 | |||||||||||||
| 1,700,000 | Welltower, Inc | 4.000 | 06/01/25 | 1,859,451 | |||||||||||||
| 600,000 | Welltower, Inc | 4.250 | 04/01/26 | 669,845 | |||||||||||||
| 500,000 | Welltower, Inc | 2.700 | 02/15/27 | 528,130 | |||||||||||||
| 600,000 | Welltower, Inc | 4.250 | 04/15/28 | 681,082 | |||||||||||||
| 1,000,000 | Welltower, Inc | 2.050 | 01/15/29 | 993,440 | |||||||||||||
| 500,000 | Welltower, Inc | 4.125 | 03/15/29 | 563,439 | |||||||||||||
| 425,000 | Welltower, Inc | 3.100 | 01/15/30 | 449,374 | |||||||||||||
| 400,000 | Welltower, Inc | 2.750 | 01/15/31 | 412,214 | |||||||||||||
| 1,000,000 | Welltower, Inc | 2.800 | 06/01/31 | 1,030,121 | |||||||||||||
| 300,000 | Welltower, Inc | 4.950 | 09/01/48 | 384,475 | |||||||||||||
| 500,000 | Weyerhaeuser Co | 4.000 | 11/15/29 | 565,915 | |||||||||||||
| 500,000 | Weyerhaeuser Co | 4.000 | 04/15/30 | 564,799 | |||||||||||||
| 1,075,000 | Weyerhaeuser Co | 7.375 | 03/15/32 | 1,530,820 | |||||||||||||
| 200,000 | WP Carey, Inc | 4.600 | 04/01/24 | 216,979 | |||||||||||||
| 347,000 | WP Carey, Inc | 4.000 | 02/01/25 | 377,269 | |||||||||||||
| 1,000,000 | WP Carey, Inc | 3.850 | 07/15/29 | 1,107,522 | |||||||||||||
| 750,000 | WP Carey, Inc | 2.400 | 02/01/31 | 740,237 | |||||||||||||
| 1,000,000 | WP Carey, Inc | 2.250 | 04/01/33 | 955,314 | |||||||||||||
| TOTAL REAL ESTATE | 224,393,879 | ||||||||||||||||
| RETAILING - 0.8% | |||||||||||||||||
| 100,000 | Advance Auto Parts, Inc | 1.750 | 10/01/27 | 99,563 | |||||||||||||
| 500,000 | Advance Auto Parts, Inc | 3.900 | 04/15/30 | 545,036 | |||||||||||||
| 1,200,000 | Alibaba Group Holding Ltd | 2.800 | 06/06/23 | 1,241,271 | |||||||||||||
| 1,250,000 | Alibaba Group Holding Ltd | 3.600 | 11/28/24 | 1,339,015 | |||||||||||||
| 1,325,000 | Alibaba Group Holding Ltd | 3.400 | 12/06/27 | 1,419,214 | |||||||||||||
| 1,250,000 | e | Alibaba Group Holding Ltd | 2.125 | 02/09/31 | 1,201,500 | ||||||||||||
| 500,000 | e | Alibaba Group Holding Ltd | 4.500 | 11/28/34 | 574,356 | ||||||||||||
| 750,000 | Alibaba Group Holding Ltd | 4.000 | 12/06/37 | 816,534 | |||||||||||||
| 1,250,000 | Alibaba Group Holding Ltd | 2.700 | 02/09/41 | 1,149,087 | |||||||||||||
| 75 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,500,000 | Alibaba Group Holding Ltd | 4.200 | % | 12/06/47 | $ | 1,661,206 | ||||||||||
| 1,250,000 | Alibaba Group Holding Ltd | 3.150 | 02/09/51 | 1,170,495 | |||||||||||||
| 750,000 | Alibaba Group Holding Ltd | 4.400 | 12/06/57 | 862,075 | |||||||||||||
| 1,250,000 | Alibaba Group Holding Ltd | 3.250 | 02/09/61 | 1,160,893 | |||||||||||||
| 200,000 | Allegion US Holding Co, Inc | 3.200 | 10/01/24 | 211,909 | |||||||||||||
| 200,000 | Allegion US Holding Co, Inc | 3.550 | 10/01/27 | 215,236 | |||||||||||||
| 1,650,000 | Amazon.com, Inc | 2.400 | 02/22/23 | 1,695,898 | |||||||||||||
| 1,000,000 | Amazon.com, Inc | 0.400 | 06/03/23 | 1,002,277 | |||||||||||||
| 1,125,000 | Amazon.com, Inc | 2.800 | 08/22/24 | 1,192,262 | |||||||||||||
| 425,000 | Amazon.com, Inc | 3.800 | 12/05/24 | 463,975 | |||||||||||||
| 1,000,000 | Amazon.com, Inc | 0.800 | 06/03/25 | 998,340 | |||||||||||||
| 325,000 | Amazon.com, Inc | 5.200 | 12/03/25 | 377,882 | |||||||||||||
| 5,000,000 | Amazon.com, Inc | 1.000 | 05/12/26 | 4,994,184 | |||||||||||||
| 1,000,000 | Amazon.com, Inc | 1.200 | 06/03/27 | 996,454 | |||||||||||||
| 2,700,000 | Amazon.com, Inc | 3.150 | 08/22/27 | 2,968,674 | |||||||||||||
| 3,000,000 | Amazon.com, Inc | 1.650 | 05/12/28 | 3,024,102 | |||||||||||||
| 1,000,000 | Amazon.com, Inc | 1.500 | 06/03/30 | 972,579 | |||||||||||||
| 3,000,000 | Amazon.com, Inc | 2.100 | 05/12/31 | 3,038,871 | |||||||||||||
| 1,800,000 | Amazon.com, Inc | 4.800 | 12/05/34 | 2,293,842 | |||||||||||||
| 2,625,000 | Amazon.com, Inc | 3.875 | 08/22/37 | 3,099,496 | |||||||||||||
| 2,500,000 | Amazon.com, Inc | 2.875 | 05/12/41 | 2,578,548 | |||||||||||||
| 775,000 | Amazon.com, Inc | 4.950 | 12/05/44 | 1,044,618 | |||||||||||||
| 2,875,000 | Amazon.com, Inc | 4.050 | 08/22/47 | 3,488,071 | |||||||||||||
| 1,900,000 | Amazon.com, Inc | 2.500 | 06/03/50 | 1,779,449 | |||||||||||||
| 2,500,000 | Amazon.com, Inc | 3.100 | 05/12/51 | 2,613,627 | |||||||||||||
| 1,900,000 | Amazon.com, Inc | 4.250 | 08/22/57 | 2,413,801 | |||||||||||||
| 2,500,000 | Amazon.com, Inc | 3.250 | 05/12/61 | 2,660,659 | |||||||||||||
| 200,000 | AutoNation, Inc | 3.500 | 11/15/24 | 214,401 | |||||||||||||
| 244,000 | AutoNation, Inc | 4.500 | 10/01/25 | 270,478 | |||||||||||||
| 200,000 | AutoNation, Inc | 3.800 | 11/15/27 | 219,501 | |||||||||||||
| 1,500,000 | AutoNation, Inc | 1.950 | 08/01/28 | 1,479,090 | |||||||||||||
| 100,000 | AutoNation, Inc | 4.750 | 06/01/30 | 116,591 | |||||||||||||
| 425,000 | AutoNation, Inc | 2.400 | 08/01/31 | 414,202 | |||||||||||||
| 300,000 | AutoZone, Inc | 2.875 | 01/15/23 | 307,617 | |||||||||||||
| 150,000 | AutoZone, Inc | 3.125 | 07/15/23 | 156,233 | |||||||||||||
| 250,000 | AutoZone, Inc | 3.125 | 04/18/24 | 264,592 | |||||||||||||
| 200,000 | AutoZone, Inc | 3.250 | 04/15/25 | 213,704 | |||||||||||||
| 500,000 | AutoZone, Inc | 3.625 | 04/15/25 | 541,931 | |||||||||||||
| 100,000 | AutoZone, Inc | 3.125 | 04/21/26 | 107,679 | |||||||||||||
| 650,000 | AutoZone, Inc | 3.750 | 06/01/27 | 724,258 | |||||||||||||
| 200,000 | AutoZone, Inc | 3.750 | 04/18/29 | 222,140 | |||||||||||||
| 500,000 | AutoZone, Inc | 4.000 | 04/15/30 | 566,931 | |||||||||||||
| 600,000 | AutoZone, Inc | 1.650 | 01/15/31 | 569,922 | |||||||||||||
| 500,000 | Best Buy Co, Inc | 4.450 | 10/01/28 | 575,380 | |||||||||||||
| 500,000 | Best Buy Co, Inc | 1.950 | 10/01/30 | 486,851 | |||||||||||||
| 1,000,000 | Chevron USA, Inc | 0.426 | 08/11/23 | 1,002,525 | |||||||||||||
| 750,000 | Chevron USA, Inc | 3.900 | 11/15/24 | 818,906 | |||||||||||||
| 2,000,000 | Chevron USA, Inc | 0.687 | 08/12/25 | 1,978,359 | |||||||||||||
| 2,000,000 | Chevron USA, Inc | 1.018 | 08/12/27 | 1,955,048 | |||||||||||||
| 1,000,000 | Chevron USA, Inc | 3.250 | 10/15/29 | 1,094,650 | |||||||||||||
| 875,000 | Chevron USA, Inc | 6.000 | 03/01/41 | 1,269,047 | |||||||||||||
| 450,000 | Chevron USA, Inc | 5.250 | 11/15/43 | 606,816 | |||||||||||||
| 175,000 | Chevron USA, Inc | 5.050 | 11/15/44 | 232,864 | |||||||||||||
| 76 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 200,000 | Chevron USA, Inc | 4.950 | % | 08/15/47 | $ | 267,060 | ||||||||||
| 1,000,000 | Chevron USA, Inc | 4.200 | 10/15/49 | 1,217,817 | |||||||||||||
| 250,000 | Chevron USA, Inc | 2.343 | 08/12/50 | 225,300 | |||||||||||||
| 375,000 | Dollar General Corp | 3.250 | 04/15/23 | 388,814 | |||||||||||||
| 355,000 | Dollar General Corp | 4.150 | 11/01/25 | 393,954 | |||||||||||||
| 300,000 | Dollar General Corp | 3.875 | 04/15/27 | 334,644 | |||||||||||||
| 500,000 | Dollar General Corp | 4.125 | 05/01/28 | 567,414 | |||||||||||||
| 500,000 | Dollar General Corp | 3.500 | 04/03/30 | 549,980 | |||||||||||||
| 500,000 | Dollar General Corp | 4.125 | 04/03/50 | 585,066 | |||||||||||||
| 1,500,000 | Dollar Tree, Inc | 3.700 | 05/15/23 | 1,572,333 | |||||||||||||
| 500,000 | Dollar Tree, Inc | 4.000 | 05/15/25 | 547,241 | |||||||||||||
| 500,000 | Dollar Tree, Inc | 4.200 | 05/15/28 | 563,168 | |||||||||||||
| 375,000 | eBay, Inc | 2.750 | 01/30/23 | 385,848 | |||||||||||||
| 400,000 | eBay, Inc | 3.450 | 08/01/24 | 427,278 | |||||||||||||
| 1,000,000 | eBay, Inc | 1.400 | 05/10/26 | 1,003,216 | |||||||||||||
| 1,200,000 | eBay, Inc | 3.600 | 06/05/27 | 1,328,054 | |||||||||||||
| 1,200,000 | eBay, Inc | 2.700 | 03/11/30 | 1,249,584 | |||||||||||||
| 1,000,000 | eBay, Inc | 2.600 | 05/10/31 | 1,019,761 | |||||||||||||
| 200,000 | eBay, Inc | 4.000 | 07/15/42 | 224,379 | |||||||||||||
| 1,000,000 | eBay, Inc | 3.650 | 05/10/51 | 1,071,702 | |||||||||||||
| 1,500,000 | Genuine Parts Co | 1.875 | 11/01/30 | 1,432,891 | |||||||||||||
| 800,000 | Home Depot, Inc | 2.700 | 04/01/23 | 824,342 | |||||||||||||
| 550,000 | Home Depot, Inc | 3.750 | 02/15/24 | 589,009 | |||||||||||||
| 350,000 | Home Depot, Inc | 3.350 | 09/15/25 | 381,027 | |||||||||||||
| 1,925,000 | Home Depot, Inc | 3.000 | 04/01/26 | 2,076,648 | |||||||||||||
| 1,550,000 | Home Depot, Inc | 2.125 | 09/15/26 | 1,620,722 | |||||||||||||
| 2,000,000 | Home Depot, Inc | 0.900 | 03/15/28 | 1,915,303 | |||||||||||||
| 1,000,000 | Home Depot, Inc | 1.500 | 09/15/28 | 989,156 | |||||||||||||
| 825,000 | Home Depot, Inc | 3.900 | 12/06/28 | 943,929 | |||||||||||||
| 2,333,000 | Home Depot, Inc | 2.950 | 06/15/29 | 2,518,161 | |||||||||||||
| 375,000 | Home Depot, Inc | 2.700 | 04/15/30 | 396,774 | |||||||||||||
| 2,000,000 | Home Depot, Inc | 1.375 | 03/15/31 | 1,896,718 | |||||||||||||
| 1,000,000 | Home Depot, Inc | 1.875 | 09/15/31 | 981,722 | |||||||||||||
| 425,000 | Home Depot, Inc | 5.875 | 12/16/36 | 599,461 | |||||||||||||
| 150,000 | Home Depot, Inc | 5.950 | 04/01/41 | 214,322 | |||||||||||||
| 675,000 | Home Depot, Inc | 4.200 | 04/01/43 | 807,233 | |||||||||||||
| 450,000 | Home Depot, Inc | 4.875 | 02/15/44 | 588,967 | |||||||||||||
| 650,000 | Home Depot, Inc | 4.400 | 03/15/45 | 810,998 | |||||||||||||
| 725,000 | Home Depot, Inc | 4.250 | 04/01/46 | 888,232 | |||||||||||||
| 2,100,000 | Home Depot, Inc | 3.900 | 06/15/47 | 2,471,027 | |||||||||||||
| 2,000,000 | Home Depot, Inc | 4.500 | 12/06/48 | 2,565,965 | |||||||||||||
| 1,000,000 | Home Depot, Inc | 3.125 | 12/15/49 | 1,042,524 | |||||||||||||
| 2,655,000 | Home Depot, Inc | 3.350 | 04/15/50 | 2,872,377 | |||||||||||||
| 3,000,000 | Home Depot, Inc | 2.375 | 03/15/51 | 2,708,396 | |||||||||||||
| 1,000,000 | Home Depot, Inc | 2.750 | 09/15/51 | 973,777 | |||||||||||||
| 675,000 | Home Depot, Inc | 3.500 | 09/15/56 | 754,855 | |||||||||||||
| 500,000 | JD.com, Inc | 3.375 | 01/14/30 | 524,812 | |||||||||||||
| 500,000 | JD.com, Inc | 4.125 | 01/14/50 | 528,566 | |||||||||||||
| 750,000 | Kohl’s Corp | 3.375 | 05/01/31 | 771,810 | |||||||||||||
| 200,000 | e | Kohl’s Corp | 5.550 | 07/17/45 | 239,486 | ||||||||||||
| 300,000 | Lowe’s Cos, Inc | 3.875 | 09/15/23 | 317,635 | |||||||||||||
| 400,000 | Lowe’s Cos, Inc | 3.125 | 09/15/24 | 425,715 | |||||||||||||
| 1,100,000 | Lowe’s Cos, Inc | 3.375 | 09/15/25 | 1,189,880 | |||||||||||||
| 500,000 | Lowe’s Cos, Inc | 2.500 | 04/15/26 | 527,414 | |||||||||||||
| 77 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,000,000 | Lowe’s Cos, Inc | 1.300 | % | 04/15/28 | $ | 1,945,658 | ||||||||||
| 1,500,000 | Lowe’s Cos, Inc | 1.700 | 09/15/28 | 1,486,875 | |||||||||||||
| 775,000 | Lowe’s Cos, Inc | 3.650 | 04/05/29 | 858,063 | |||||||||||||
| 306,000 | Lowe’s Cos, Inc | 4.500 | 04/15/30 | 358,706 | |||||||||||||
| 1,500,000 | Lowe’s Cos, Inc | 1.700 | 10/15/30 | 1,434,121 | |||||||||||||
| 800,000 | Lowe’s Cos, Inc | 2.625 | 04/01/31 | 819,999 | |||||||||||||
| 700,000 | Lowe’s Cos, Inc | 2.800 | 09/15/41 | 680,934 | |||||||||||||
| 56,000 | Lowe’s Cos, Inc | 4.250 | 09/15/44 | 63,378 | |||||||||||||
| 1,075,000 | Lowe’s Cos, Inc | 3.700 | 04/15/46 | 1,174,252 | |||||||||||||
| 2,000,000 | Lowe’s Cos, Inc | 4.050 | 05/03/47 | 2,296,138 | |||||||||||||
| 1,425,000 | Lowe’s Cos, Inc | 4.550 | 04/05/49 | 1,772,630 | |||||||||||||
| 1,320,000 | Lowe’s Cos, Inc | 5.125 | 04/15/50 | 1,784,775 | |||||||||||||
| 450,000 | Lowe’s Cos, Inc | 3.000 | 10/15/50 | 438,808 | |||||||||||||
| 1,000,000 | Lowe’s Cos, Inc | 3.500 | 04/01/51 | 1,070,803 | |||||||||||||
| 1,000,000 | O’Reilly Automotive, Inc | 3.600 | 09/01/27 | 1,111,326 | |||||||||||||
| 300,000 | O’Reilly Automotive, Inc | 4.350 | 06/01/28 | 344,241 | |||||||||||||
| 500,000 | O’Reilly Automotive, Inc | 3.900 | 06/01/29 | 560,217 | |||||||||||||
| 200,000 | O’Reilly Automotive, Inc | 1.750 | 03/15/31 | 191,599 | |||||||||||||
| 200,000 | Priceline Group, Inc | 2.750 | 03/15/23 | 206,528 | |||||||||||||
| 300,000 | Priceline Group, Inc | 3.650 | 03/15/25 | 325,530 | |||||||||||||
| 300,000 | Priceline Group, Inc | 3.600 | 06/01/26 | 330,007 | |||||||||||||
| 900,000 | Priceline Group, Inc | 3.550 | 03/15/28 | 999,377 | |||||||||||||
| 300,000 | Ross Stores, Inc | 4.600 | 04/15/25 | 334,876 | |||||||||||||
| 500,000 | Ross Stores, Inc | 0.875 | 04/15/26 | 491,781 | |||||||||||||
| 55,000 | Ross Stores, Inc | 4.700 | 04/15/27 | 63,110 | |||||||||||||
| 500,000 | Ross Stores, Inc | 1.875 | 04/15/31 | 482,477 | |||||||||||||
| 350,000 | Target Corp | 3.500 | 07/01/24 | 377,969 | |||||||||||||
| 200,000 | Target Corp | 2.250 | 04/15/25 | 208,627 | |||||||||||||
| 1,700,000 | Target Corp | 2.500 | 04/15/26 | 1,814,611 | |||||||||||||
| 1,500,000 | Target Corp | 3.375 | 04/15/29 | 1,667,904 | |||||||||||||
| 600,000 | Target Corp | 2.350 | 02/15/30 | 621,009 | |||||||||||||
| 5,000,000 | Target Corp | 2.650 | 09/15/30 | 5,303,911 | |||||||||||||
| 300,000 | TJX Cos, Inc | 2.500 | 05/15/23 | 308,908 | |||||||||||||
| 525,000 | TJX Cos, Inc | 2.250 | 09/15/26 | 551,011 | |||||||||||||
| 2,750,000 | TJX Cos, Inc | 1.150 | 05/15/28 | 2,693,151 | |||||||||||||
| 500,000 | e | TJX Cos, Inc | 1.600 | 05/15/31 | 481,736 | ||||||||||||
| 650,000 | e | Tractor Supply Co | 1.750 | 11/01/30 | 624,026 | ||||||||||||
| 500,000 | Walmart, Inc | 1.050 | 09/17/26 | 499,881 | |||||||||||||
| 1,000,000 | Walmart, Inc | 1.500 | 09/22/28 | 995,688 | |||||||||||||
| 1,750,000 | Walmart, Inc | 1.800 | 09/22/31 | 1,734,968 | |||||||||||||
| 825,000 | Walmart, Inc | 2.500 | 09/22/41 | 821,410 | |||||||||||||
| 1,500,000 | Walmart, Inc | 2.650 | 09/22/51 | 1,493,114 | |||||||||||||
| TOTAL RETAILING | 167,911,315 | ||||||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.6% | |||||||||||||||||
| 200,000 | Altera Corp | 4.100 | 11/15/23 | 214,713 | |||||||||||||
| 1,825,000 | Analog Devices, Inc | 3.125 | 12/05/23 | 1,918,975 | |||||||||||||
| 250,000 | Analog Devices, Inc | 2.950 | 04/01/25 | 266,679 | |||||||||||||
| 1,175,000 | Analog Devices, Inc | 3.500 | 12/05/26 | 1,294,195 | |||||||||||||
| 1,000,000 | Analog Devices, Inc | 1.700 | 10/01/28 | 1,002,117 | |||||||||||||
| 600,000 | Analog Devices, Inc | 2.100 | 10/01/31 | 601,282 | |||||||||||||
| 100,000 | Analog Devices, Inc | 4.500 | 12/05/36 | 117,131 | |||||||||||||
| 300,000 | Analog Devices, Inc | 2.800 | 10/01/41 | 300,037 | |||||||||||||
| 78 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 200,000 | Analog Devices, Inc | 5.300 | % | 12/15/45 | $ | 267,727 | ||||||||||
| 1,000,000 | Analog Devices, Inc | 2.950 | 10/01/51 | 999,654 | |||||||||||||
| 1,000,000 | Applied Materials, Inc | 3.300 | 04/01/27 | 1,099,097 | |||||||||||||
| 950,000 | Applied Materials, Inc | 1.750 | 06/01/30 | 935,320 | |||||||||||||
| 250,000 | Applied Materials, Inc | 5.100 | 10/01/35 | 326,965 | |||||||||||||
| 100,000 | Applied Materials, Inc | 5.850 | 06/15/41 | 146,229 | |||||||||||||
| 1,200,000 | Applied Materials, Inc | 4.350 | 04/01/47 | 1,504,737 | |||||||||||||
| 775,000 | Applied Materials, Inc | 2.750 | 06/01/50 | 759,024 | |||||||||||||
| 2,000,000 | g | Broadcom, Inc | 1.950 | 02/15/28 | 1,974,794 | ||||||||||||
| 2,873,000 | Broadcom, Inc | 4.110 | 09/15/28 | 3,196,593 | |||||||||||||
| 807,000 | Broadcom, Inc | 4.150 | 11/15/30 | 894,134 | |||||||||||||
| 1,500,000 | g | Broadcom, Inc | 2.450 | 02/15/31 | 1,452,641 | ||||||||||||
| 1,500,000 | Broadcom, Inc | 4.300 | 11/15/32 | 1,680,950 | |||||||||||||
| 1,500,000 | g | Broadcom, Inc | 2.600 | 02/15/33 | 1,440,883 | ||||||||||||
| 5,883,000 | g | Broadcom, Inc | 3.419 | 04/15/33 | 6,089,915 | ||||||||||||
| 2,522,000 | g | Broadcom, Inc | 3.469 | 04/15/34 | 2,596,997 | ||||||||||||
| 6,327,000 | g | Broadcom, Inc | 3.137 | 11/15/35 | 6,307,108 | ||||||||||||
| 4,043,000 | g | Broadcom, Inc | 3.187 | 11/15/36 | 4,031,259 | ||||||||||||
| 850,000 | g | Broadcom, Inc | 3.500 | 02/15/41 | 839,872 | ||||||||||||
| 3,000,000 | g | Broadcom, Inc | 3.750 | 02/15/51 | 2,993,698 | ||||||||||||
| 1,700,000 | Intel Corp | 2.700 | 12/15/22 | 1,749,258 | |||||||||||||
| 2,050,000 | Intel Corp | 3.700 | 07/29/25 | 2,243,704 | |||||||||||||
| 2,480,000 | Intel Corp | 2.600 | 05/19/26 | 2,644,962 | |||||||||||||
| 1,500,000 | Intel Corp | 1.600 | 08/12/28 | 1,494,624 | |||||||||||||
| 2,500,000 | Intel Corp | 2.450 | 11/15/29 | 2,607,423 | |||||||||||||
| 1,500,000 | Intel Corp | 3.900 | 03/25/30 | 1,720,673 | |||||||||||||
| 2,000,000 | e | Intel Corp | 2.000 | 08/12/31 | 1,989,094 | ||||||||||||
| 250,000 | Intel Corp | 4.000 | 12/15/32 | 295,223 | |||||||||||||
| 1,000,000 | Intel Corp | 2.800 | 08/12/41 | 996,901 | |||||||||||||
| 200,000 | Intel Corp | 4.100 | 05/19/46 | 234,274 | |||||||||||||
| 675,000 | Intel Corp | 4.100 | 05/11/47 | 796,797 | |||||||||||||
| 3,328,000 | Intel Corp | 3.734 | 12/08/47 | 3,712,647 | |||||||||||||
| 2,500,000 | Intel Corp | 3.250 | 11/15/49 | 2,591,176 | |||||||||||||
| 3,175,000 | Intel Corp | 4.750 | 03/25/50 | 4,148,755 | |||||||||||||
| 1,000,000 | Intel Corp | 3.050 | 08/12/51 | 993,410 | |||||||||||||
| 1,000,000 | Intel Corp | 3.100 | 02/15/60 | 983,854 | |||||||||||||
| 1,000,000 | KLA Corp | 3.300 | 03/01/50 | 1,052,134 | |||||||||||||
| 200,000 | Lam Research Corp | 3.800 | 03/15/25 | 217,931 | |||||||||||||
| 150,000 | Lam Research Corp | 3.750 | 03/15/26 | 166,398 | |||||||||||||
| 275,000 | Lam Research Corp | 4.000 | 03/15/29 | 315,643 | |||||||||||||
| 125,000 | Lam Research Corp | 1.900 | 06/15/30 | 124,622 | |||||||||||||
| 825,000 | Lam Research Corp | 4.875 | 03/15/49 | 1,112,081 | |||||||||||||
| 200,000 | Lam Research Corp | 2.875 | 06/15/50 | 200,556 | |||||||||||||
| 1,200,000 | Lam Research Corp | 3.125 | 06/15/60 | 1,241,058 | |||||||||||||
| 350,000 | g | Marvell Technology, Inc | 4.200 | 06/22/23 | 369,580 | ||||||||||||
| 1,000,000 | g | Marvell Technology, Inc | 1.650 | 04/15/26 | 1,001,527 | ||||||||||||
| 1,000,000 | g | Marvell Technology, Inc | 2.450 | 04/15/28 | 1,018,770 | ||||||||||||
| 350,000 | g | Marvell Technology, Inc | 4.875 | 06/22/28 | 404,281 | ||||||||||||
| 1,000,000 | g | Marvell Technology, Inc | 2.950 | 04/15/31 | 1,027,900 | ||||||||||||
| 200,000 | Maxim Integrated Products, Inc | 3.375 | 03/15/23 | 206,851 | |||||||||||||
| 400,000 | Maxim Integrated Products, Inc | 3.450 | 06/15/27 | 439,312 | |||||||||||||
| 1,000,000 | Microchip Technology, Inc | 4.333 | 06/01/23 | 1,056,916 | |||||||||||||
| 750,000 | Micron Technology, Inc | 2.497 | 04/24/23 | 771,960 | |||||||||||||
| 475,000 | Micron Technology, Inc | 4.640 | 02/06/24 | 515,175 | |||||||||||||
| 79 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 425,000 | Micron Technology, Inc | 4.975 | % | 02/06/26 | $ | 485,979 | ||||||||||
| 750,000 | Micron Technology, Inc | 4.185 | 02/15/27 | 843,296 | |||||||||||||
| 400,000 | Micron Technology, Inc | 5.327 | 02/06/29 | 475,660 | |||||||||||||
| 500,000 | Micron Technology, Inc | 4.663 | 02/15/30 | 577,125 | |||||||||||||
| 800,000 | NVIDIA Corp | 3.200 | 09/16/26 | 875,651 | |||||||||||||
| 1,000,000 | NVIDIA Corp | 1.550 | 06/15/28 | 995,922 | |||||||||||||
| 750,000 | NVIDIA Corp | 2.850 | 04/01/30 | 803,699 | |||||||||||||
| 1,500,000 | NVIDIA Corp | 2.000 | 06/15/31 | 1,492,070 | |||||||||||||
| 1,000,000 | NVIDIA Corp | 3.500 | 04/01/40 | 1,108,959 | |||||||||||||
| 2,067,000 | NVIDIA Corp | 3.500 | 04/01/50 | 2,315,936 | |||||||||||||
| 475,000 | g | NXP BV | 4.875 | 03/01/24 | 518,094 | ||||||||||||
| 300,000 | g | NXP BV | 2.700 | 05/01/25 | 313,332 | ||||||||||||
| 425,000 | g | NXP BV | 5.350 | 03/01/26 | 491,448 | ||||||||||||
| 750,000 | g | NXP BV | 3.875 | 06/18/26 | 826,296 | ||||||||||||
| 300,000 | g | NXP BV | 3.150 | 05/01/27 | 319,906 | ||||||||||||
| 400,000 | g | NXP BV | 5.550 | 12/01/28 | 485,221 | ||||||||||||
| 750,000 | g | NXP BV | 4.300 | 06/18/29 | 850,057 | ||||||||||||
| 675,000 | g | NXP BV | 3.400 | 05/01/30 | 732,683 | ||||||||||||
| 2,000,000 | g | NXP BV | 2.500 | 05/11/31 | 2,018,615 | ||||||||||||
| 1,375,000 | g | NXP BV | 3.250 | 05/11/41 | 1,420,132 | ||||||||||||
| 2,800,000 | QUALCOMM, Inc | 3.250 | 05/20/27 | 3,071,320 | |||||||||||||
| 1,339,000 | QUALCOMM, Inc | 1.300 | 05/20/28 | 1,311,226 | |||||||||||||
| 1,000,000 | QUALCOMM, Inc | 2.150 | 05/20/30 | 1,015,220 | |||||||||||||
| 2,384,000 | QUALCOMM, Inc | 1.650 | 05/20/32 | 2,270,510 | |||||||||||||
| 750,000 | QUALCOMM, Inc | 4.650 | 05/20/35 | 934,014 | |||||||||||||
| 650,000 | QUALCOMM, Inc | 4.800 | 05/20/45 | 854,365 | |||||||||||||
| 1,525,000 | QUALCOMM, Inc | 4.300 | 05/20/47 | 1,892,657 | |||||||||||||
| 300,000 | Skyworks Solutions, Inc | 1.800 | 06/01/26 | 303,975 | |||||||||||||
| 1,000,000 | Skyworks Solutions, Inc | 3.000 | 06/01/31 | 1,022,337 | |||||||||||||
| 100,000 | Texas Instruments, Inc | 2.625 | 05/15/24 | 104,846 | |||||||||||||
| 325,000 | Texas Instruments, Inc | 1.375 | 03/12/25 | 330,732 | |||||||||||||
| 1,000,000 | Texas Instruments, Inc | 1.125 | 09/15/26 | 999,140 | |||||||||||||
| 350,000 | Texas Instruments, Inc | 2.900 | 11/03/27 | 381,687 | |||||||||||||
| 1,000,000 | Texas Instruments, Inc | 2.250 | 09/04/29 | 1,038,146 | |||||||||||||
| 325,000 | Texas Instruments, Inc | 1.750 | 05/04/30 | 321,663 | |||||||||||||
| 1,000,000 | Texas Instruments, Inc | 1.900 | 09/15/31 | 992,788 | |||||||||||||
| 350,000 | Texas Instruments, Inc | 3.875 | 03/15/39 | 412,831 | |||||||||||||
| 2,700,000 | Texas Instruments, Inc | 4.150 | 05/15/48 | 3,348,887 | |||||||||||||
| 1,000,000 | Texas Instruments, Inc | 2.700 | 09/15/51 | 983,798 | |||||||||||||
| 475,000 | Xilinx, Inc | 2.950 | 06/01/24 | 500,728 | |||||||||||||
| 1,000,000 | Xilinx, Inc | 2.375 | 06/01/30 | 1,020,262 | |||||||||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 126,759,409 | ||||||||||||||||
| SOFTWARE & SERVICES - 1.1% | |||||||||||||||||
| 775,000 | Adobe Systems, Inc | 3.250 | 02/01/25 | 831,872 | |||||||||||||
| 125,000 | Adobe, Inc | 1.700 | 02/01/23 | 127,327 | |||||||||||||
| 500,000 | Adobe, Inc | 1.900 | 02/01/25 | 516,348 | |||||||||||||
| 1,000,000 | Adobe, Inc | 2.150 | 02/01/27 | 1,047,750 | |||||||||||||
| 925,000 | Adobe, Inc | 2.300 | 02/01/30 | 956,775 | |||||||||||||
| 1,000,000 | Amdocs Ltd | 2.538 | 06/15/30 | 995,650 | |||||||||||||
| 250,000 | Autodesk, Inc | 4.375 | 06/15/25 | 276,126 | |||||||||||||
| 450,000 | Autodesk, Inc | 3.500 | 06/15/27 | 493,162 | |||||||||||||
| 750,000 | Autodesk, Inc | 2.850 | 01/15/30 | 782,040 | |||||||||||||
| 80 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 700,000 | Automatic Data Processing, Inc | 3.375 | % | 09/15/25 | $ | 762,571 | ||||||||||
| 400,000 | Automatic Data Processing, Inc | 1.700 | 05/15/28 | 404,543 | |||||||||||||
| 900,000 | Automatic Data Processing, Inc | 1.250 | 09/01/30 | 855,643 | |||||||||||||
| 350,000 | Broadridge Financial Solutions, Inc | 3.400 | 06/27/26 | 381,565 | |||||||||||||
| 1,000,000 | Broadridge Financial Solutions, Inc | 2.900 | 12/01/29 | 1,046,150 | |||||||||||||
| 2,000,000 | Broadridge Financial Solutions, Inc | 2.600 | 05/01/31 | 2,030,107 | |||||||||||||
| 1,500,000 | Citrix Systems, Inc | 1.250 | 03/01/26 | 1,475,504 | |||||||||||||
| 500,000 | Citrix Systems, Inc | 4.500 | 12/01/27 | 553,376 | |||||||||||||
| 750,000 | Citrix Systems, Inc | 3.300 | 03/01/30 | 765,954 | |||||||||||||
| 3,000,000 | Fidelity National Information Services, Inc | 0.600 | 03/01/24 | 2,995,499 | |||||||||||||
| 1,500,000 | Fidelity National Information Services, Inc | 1.150 | 03/01/26 | 1,486,950 | |||||||||||||
| 1,500,000 | Fidelity National Information Services, Inc | 1.650 | 03/01/28 | 1,480,958 | |||||||||||||
| 825,000 | Fidelity National Information Services, Inc | 2.250 | 03/01/31 | 818,889 | |||||||||||||
| 425,000 | Fidelity National Information Services, Inc | 3.100 | 03/01/41 | 430,461 | |||||||||||||
| 300,000 | Fidelity National Information Services, Inc | 4.500 | 08/15/46 | 364,031 | |||||||||||||
| 1,350,000 | Fiserv, Inc | 3.500 | 10/01/22 | 1,381,360 | |||||||||||||
| 125,000 | Fiserv, Inc | 3.800 | 10/01/23 | 132,875 | |||||||||||||
| 2,000,000 | Fiserv, Inc | 2.750 | 07/01/24 | 2,106,160 | |||||||||||||
| 1,675,000 | Fiserv, Inc | 3.850 | 06/01/25 | 1,827,257 | |||||||||||||
| 900,000 | Fiserv, Inc | 3.200 | 07/01/26 | 971,683 | |||||||||||||
| 1,125,000 | Fiserv, Inc | 3.500 | 07/01/29 | 1,225,063 | |||||||||||||
| 2,175,000 | Fiserv, Inc | 2.650 | 06/01/30 | 2,225,562 | |||||||||||||
| 2,300,000 | Fiserv, Inc | 4.400 | 07/01/49 | 2,753,892 | |||||||||||||
| 1,000,000 | Fortinet, Inc | 1.000 | 03/15/26 | 985,162 | |||||||||||||
| 1,000,000 | Fortinet, Inc | 2.200 | 03/15/31 | 991,002 | |||||||||||||
| 125,000 | Global Payments, Inc | 3.750 | 06/01/23 | 130,586 | |||||||||||||
| 500,000 | Global Payments, Inc | 4.000 | 06/01/23 | 527,163 | |||||||||||||
| 575,000 | Global Payments, Inc | 2.650 | 02/15/25 | 600,995 | |||||||||||||
| 2,500,000 | Global Payments, Inc | 1.200 | 03/01/26 | 2,474,675 | |||||||||||||
| 300,000 | Global Payments, Inc | 4.800 | 04/01/26 | 339,833 | |||||||||||||
| 500,000 | Global Payments, Inc | 4.450 | 06/01/28 | 568,842 | |||||||||||||
| 475,000 | Global Payments, Inc | 3.200 | 08/15/29 | 502,121 | |||||||||||||
| 325,000 | Global Payments, Inc | 2.900 | 05/15/30 | 335,328 | |||||||||||||
| 1,250,000 | Global Payments, Inc | 4.150 | 08/15/49 | 1,403,294 | |||||||||||||
| 550,000 | International Business Machines Corp | 3.375 | 08/01/23 | 579,784 | |||||||||||||
| 600,000 | International Business Machines Corp | 3.625 | 02/12/24 | 641,761 | |||||||||||||
| 3,000,000 | International Business Machines Corp | 3.000 | 05/15/24 | 3,182,346 | |||||||||||||
| 350,000 | International Business Machines Corp | 3.450 | 02/19/26 | 383,028 | |||||||||||||
| 2,500,000 | International Business Machines Corp | 3.300 | 05/15/26 | 2,724,851 | |||||||||||||
| 1,000,000 | International Business Machines Corp | 1.700 | 05/15/27 | 1,014,340 | |||||||||||||
| 2,675,000 | International Business Machines Corp | 3.500 | 05/15/29 | 2,956,182 | |||||||||||||
| 2,900,000 | International Business Machines Corp | 1.950 | 05/15/30 | 2,864,157 | |||||||||||||
| 1,850,000 | International Business Machines Corp | 4.150 | 05/15/39 | 2,183,643 | |||||||||||||
| 19,000 | International Business Machines Corp | 5.600 | 11/30/39 | 26,342 | |||||||||||||
| 450,000 | International Business Machines Corp | 2.850 | 05/15/40 | 448,848 | |||||||||||||
| 1,060,000 | International Business Machines Corp | 4.000 | 06/20/42 | 1,223,399 | |||||||||||||
| 1,500,000 | International Business Machines Corp | 4.700 | 02/19/46 | 1,912,337 | |||||||||||||
| 2,500,000 | International Business Machines Corp | 4.250 | 05/15/49 | 3,031,363 | |||||||||||||
| 975,000 | International Business Machines Corp | 2.950 | 05/15/50 | 960,529 | |||||||||||||
| 350,000 | Intuit, Inc | 0.650 | 07/15/23 | 351,487 | |||||||||||||
| 300,000 | Intuit, Inc | 0.950 | 07/15/25 | 299,653 | |||||||||||||
| 350,000 | Intuit, Inc | 1.350 | 07/15/27 | 348,183 | |||||||||||||
| 350,000 | Intuit, Inc | 1.650 | 07/15/30 | 341,041 | |||||||||||||
| 1,000,000 | Mastercard, Inc | 3.375 | 04/01/24 | 1,069,455 | |||||||||||||
| 81 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | Mastercard, Inc | 2.000 | % | 03/03/25 | $ | 1,039,449 | ||||||||||
| 425,000 | Mastercard, Inc | 2.950 | 11/21/26 | 460,977 | |||||||||||||
| 750,000 | Mastercard, Inc | 3.500 | 02/26/28 | 835,665 | |||||||||||||
| 1,000,000 | Mastercard, Inc | 2.950 | 06/01/29 | 1,082,845 | |||||||||||||
| 625,000 | Mastercard, Inc | 1.900 | 03/15/31 | 627,116 | |||||||||||||
| 200,000 | Mastercard, Inc | 3.800 | 11/21/46 | 233,463 | |||||||||||||
| 300,000 | Mastercard, Inc | 3.950 | 02/26/48 | 356,991 | |||||||||||||
| 1,000,000 | Mastercard, Inc | 3.650 | 06/01/49 | 1,152,502 | |||||||||||||
| 1,350,000 | Mastercard, Inc | 3.850 | 03/26/50 | 1,605,333 | |||||||||||||
| 850,000 | Mastercard, Inc | 2.950 | 03/15/51 | 878,365 | |||||||||||||
| 725,000 | Microsoft Corp | 2.650 | 11/03/22 | 740,764 | |||||||||||||
| 575,000 | Microsoft Corp | 2.125 | 11/15/22 | 586,716 | |||||||||||||
| 275,000 | Microsoft Corp | 2.375 | 05/01/23 | 282,843 | |||||||||||||
| 1,450,000 | Microsoft Corp | 2.000 | 08/08/23 | 1,492,848 | |||||||||||||
| 800,000 | Microsoft Corp | 3.625 | 12/15/23 | 851,163 | |||||||||||||
| 975,000 | Microsoft Corp | 2.700 | 02/12/25 | 1,032,675 | |||||||||||||
| 1,075,000 | Microsoft Corp | 3.125 | 11/03/25 | 1,165,426 | |||||||||||||
| 2,925,000 | Microsoft Corp | 2.400 | 08/08/26 | 3,107,170 | |||||||||||||
| 8,739,000 | Microsoft Corp | 3.300 | 02/06/27 | 9,665,475 | |||||||||||||
| 150,000 | Microsoft Corp | 3.500 | 02/12/35 | 172,720 | |||||||||||||
| 1,072,000 | Microsoft Corp | 3.450 | 08/08/36 | 1,226,717 | |||||||||||||
| 8,038,000 | Microsoft Corp | 2.525 | 06/01/50 | 7,734,620 | |||||||||||||
| 6,265,000 | Microsoft Corp | 2.921 | 03/17/52 | 6,476,741 | |||||||||||||
| 7,374,000 | Microsoft Corp | 2.675 | 06/01/60 | 7,148,806 | |||||||||||||
| 1,073,000 | Microsoft Corp | 3.041 | 03/17/62 | 1,133,441 | |||||||||||||
| 2,150,000 | Oracle Corp | 2.500 | 10/15/22 | 2,198,707 | |||||||||||||
| 800,000 | Oracle Corp | 2.625 | 02/15/23 | 823,849 | |||||||||||||
| 225,000 | Oracle Corp | 3.625 | 07/15/23 | 237,818 | |||||||||||||
| 2,375,000 | Oracle Corp | 2.400 | 09/15/23 | 2,457,189 | |||||||||||||
| 1,225,000 | Oracle Corp | 3.400 | 07/08/24 | 1,307,970 | |||||||||||||
| 900,000 | Oracle Corp | 2.950 | 11/15/24 | 954,328 | |||||||||||||
| 6,500,000 | Oracle Corp | 2.500 | 04/01/25 | 6,799,804 | |||||||||||||
| 1,650,000 | Oracle Corp | 2.950 | 05/15/25 | 1,750,740 | |||||||||||||
| 3,000,000 | Oracle Corp | 1.650 | 03/25/26 | 3,042,625 | |||||||||||||
| 2,884,000 | Oracle Corp | 2.650 | 07/15/26 | 3,039,251 | |||||||||||||
| 1,000,000 | Oracle Corp | 2.800 | 04/01/27 | 1,059,380 | |||||||||||||
| 3,000,000 | Oracle Corp | 2.300 | 03/25/28 | 3,067,413 | |||||||||||||
| 1,000,000 | Oracle Corp | 2.950 | 04/01/30 | 1,047,535 | |||||||||||||
| 400,000 | Oracle Corp | 3.250 | 05/15/30 | 428,023 | |||||||||||||
| 3,000,000 | Oracle Corp | 2.875 | 03/25/31 | 3,086,992 | |||||||||||||
| 2,497,000 | Oracle Corp | 4.300 | 07/08/34 | 2,834,598 | |||||||||||||
| 650,000 | Oracle Corp | 3.900 | 05/15/35 | 715,557 | |||||||||||||
| 1,225,000 | Oracle Corp | 3.850 | 07/15/36 | 1,330,882 | |||||||||||||
| 4,000,000 | Oracle Corp | 3.800 | 11/15/37 | 4,316,515 | |||||||||||||
| 100,000 | Oracle Corp | 6.500 | 04/15/38 | 139,261 | |||||||||||||
| 470,000 | Oracle Corp | 6.125 | 07/08/39 | 636,219 | |||||||||||||
| 675,000 | Oracle Corp | 3.600 | 04/01/40 | 699,982 | |||||||||||||
| 325,000 | Oracle Corp | 5.375 | 07/15/40 | 409,489 | |||||||||||||
| 2,000,000 | Oracle Corp | 3.650 | 03/25/41 | 2,068,478 | |||||||||||||
| 500,000 | Oracle Corp | 4.500 | 07/08/44 | 574,622 | |||||||||||||
| 325,000 | Oracle Corp | 4.125 | 05/15/45 | 349,957 | |||||||||||||
| 2,025,000 | Oracle Corp | 4.000 | 07/15/46 | 2,145,238 | |||||||||||||
| 3,100,000 | Oracle Corp | 4.000 | 11/15/47 | 3,310,404 | |||||||||||||
| 82 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 7,350,000 | Oracle Corp | 3.600 | % | 04/01/50 | $ | 7,358,808 | ||||||||||
| 2,000,000 | Oracle Corp | 3.950 | 03/25/51 | 2,109,238 | |||||||||||||
| 500,000 | Oracle Corp | 4.375 | 05/15/55 | 560,932 | |||||||||||||
| 1,500,000 | Oracle Corp | 3.850 | 04/01/60 | 1,524,235 | |||||||||||||
| 2,000,000 | Oracle Corp | 4.100 | 03/25/61 | 2,129,253 | |||||||||||||
| 1,000,000 | PayPal Holdings, Inc | 1.350 | 06/01/23 | 1,016,622 | |||||||||||||
| 1,000,000 | PayPal Holdings, Inc | 2.400 | 10/01/24 | 1,050,836 | |||||||||||||
| 1,000,000 | PayPal Holdings, Inc | 1.650 | 06/01/25 | 1,024,749 | |||||||||||||
| 1,000,000 | PayPal Holdings, Inc | 2.850 | 10/01/29 | 1,067,402 | |||||||||||||
| 500,000 | PayPal Holdings, Inc | 2.300 | 06/01/30 | 512,436 | |||||||||||||
| 1,000,000 | PayPal Holdings, Inc | 3.250 | 06/01/50 | 1,078,928 | |||||||||||||
| 925,000 | salesforce.com, Inc | 3.700 | 04/11/28 | 1,038,276 | |||||||||||||
| 2,000,000 | salesforce.com, Inc | 1.500 | 07/15/28 | 1,990,011 | |||||||||||||
| 1,250,000 | salesforce.com, Inc | 1.950 | 07/15/31 | 1,244,072 | |||||||||||||
| 1,075,000 | salesforce.com, Inc | 2.700 | 07/15/41 | 1,071,818 | |||||||||||||
| 2,000,000 | salesforce.com, Inc | 2.900 | 07/15/51 | 1,994,982 | |||||||||||||
| 2,000,000 | salesforce.com, Inc | 3.050 | 07/15/61 | 2,023,287 | |||||||||||||
| 1,000,000 | ServiceNow, Inc | 1.400 | 09/01/30 | 937,921 | |||||||||||||
| 750,000 | VeriSign, Inc | 2.700 | 06/15/31 | 762,255 | |||||||||||||
| 1,025,000 | Visa, Inc | 2.800 | 12/14/22 | 1,051,912 | |||||||||||||
| 3,725,000 | Visa, Inc | 3.150 | 12/14/25 | 4,039,299 | |||||||||||||
| 2,000,000 | Visa, Inc | 1.900 | 04/15/27 | 2,064,858 | |||||||||||||
| 1,175,000 | e | Visa, Inc | 0.750 | 08/15/27 | 1,143,854 | ||||||||||||
| 700,000 | Visa, Inc | 2.750 | 09/15/27 | 753,696 | |||||||||||||
| 475,000 | Visa, Inc | 2.050 | 04/15/30 | 482,546 | |||||||||||||
| 1,500,000 | Visa, Inc | 1.100 | 02/15/31 | 1,405,530 | |||||||||||||
| 250,000 | Visa, Inc | 4.150 | 12/14/35 | 301,285 | |||||||||||||
| 1,500,000 | Visa, Inc | 2.700 | 04/15/40 | 1,534,730 | |||||||||||||
| 2,325,000 | Visa, Inc | 4.300 | 12/14/45 | 2,918,620 | |||||||||||||
| 1,125,000 | Visa, Inc | 3.650 | 09/15/47 | 1,295,134 | |||||||||||||
| 750,000 | Visa, Inc | 2.000 | 08/15/50 | 646,548 | |||||||||||||
| 500,000 | VMware, Inc | 4.500 | 05/15/25 | 556,912 | |||||||||||||
| 1,500,000 | VMware, Inc | 1.400 | 08/15/26 | 1,493,250 | |||||||||||||
| 725,000 | VMware, Inc | 3.900 | 08/21/27 | 807,911 | |||||||||||||
| 1,500,000 | VMware, Inc | 1.800 | 08/15/28 | 1,477,747 | |||||||||||||
| 1,000,000 | VMware, Inc | 4.700 | 05/15/30 | 1,178,846 | |||||||||||||
| 1,150,000 | VMware, Inc | 2.200 | 08/15/31 | 1,124,434 | |||||||||||||
| 200,000 | Western Union Co | 4.250 | 06/09/23 | 211,331 | |||||||||||||
| 500,000 | Western Union Co | 2.850 | 01/10/25 | 524,218 | |||||||||||||
| 1,000,000 | Western Union Co | 1.350 | 03/15/26 | 986,388 | |||||||||||||
| 1,000,000 | Western Union Co | 2.750 | 03/15/31 | 1,001,374 | |||||||||||||
| TOTAL SOFTWARE & SERVICES | 229,324,974 | ||||||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 0.8% | |||||||||||||||||
| 200,000 | Amphenol Corp | 3.200 | 04/01/24 | 211,051 | |||||||||||||
| 250,000 | Amphenol Corp | 2.050 | 03/01/25 | 257,968 | |||||||||||||
| 450,000 | Amphenol Corp | 4.350 | 06/01/29 | 522,706 | |||||||||||||
| 1,000,000 | Amphenol Corp | 2.800 | 02/15/30 | 1,048,114 | |||||||||||||
| 2,000,000 | Amphenol Corp | 2.200 | 09/15/31 | 1,983,377 | |||||||||||||
| 650,000 | Apple, Inc | 2.400 | 01/13/23 | 666,830 | |||||||||||||
| 750,000 | Apple, Inc | 2.850 | 02/23/23 | 773,510 | |||||||||||||
| 925,000 | Apple, Inc | 2.400 | 05/03/23 | 954,949 | |||||||||||||
| 1,000,000 | Apple, Inc | 0.750 | 05/11/23 | 1,007,295 | |||||||||||||
| 1,150,000 | Apple, Inc | 3.000 | 02/09/24 | 1,212,902 | |||||||||||||
| 83 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,725,000 | Apple, Inc | 3.450 | % | 05/06/24 | $ | 2,927,668 | ||||||||||
| 1,075,000 | Apple, Inc | 2.850 | 05/11/24 | 1,134,372 | |||||||||||||
| 1,850,000 | Apple, Inc | 2.750 | 01/13/25 | 1,959,378 | |||||||||||||
| 1,075,000 | Apple, Inc | 2.500 | 02/09/25 | 1,130,283 | |||||||||||||
| 2,000,000 | Apple, Inc | 1.125 | 05/11/25 | 2,014,510 | |||||||||||||
| 1,125,000 | Apple, Inc | 3.200 | 05/13/25 | 1,214,682 | |||||||||||||
| 2,000,000 | Apple, Inc | 0.550 | 08/20/25 | 1,969,752 | |||||||||||||
| 3,000,000 | Apple, Inc | 0.700 | 02/08/26 | 2,969,019 | |||||||||||||
| 2,825,000 | Apple, Inc | 3.250 | 02/23/26 | 3,073,084 | |||||||||||||
| 1,425,000 | Apple, Inc | 2.450 | 08/04/26 | 1,507,825 | |||||||||||||
| 3,250,000 | Apple, Inc | 2.050 | 09/11/26 | 3,381,971 | |||||||||||||
| 1,075,000 | Apple, Inc | 3.350 | 02/09/27 | 1,185,401 | |||||||||||||
| 275,000 | Apple, Inc | 3.200 | 05/11/27 | 301,503 | |||||||||||||
| 3,675,000 | Apple, Inc | 3.000 | 11/13/27 | 3,996,319 | |||||||||||||
| 3,000,000 | Apple, Inc | 1.200 | 02/08/28 | 2,939,038 | |||||||||||||
| 2,500,000 | Apple, Inc | 1.400 | 08/05/28 | 2,459,745 | |||||||||||||
| 1,000,000 | Apple, Inc | 2.200 | 09/11/29 | 1,029,672 | |||||||||||||
| 2,950,000 | Apple, Inc | 1.650 | 05/11/30 | 2,894,036 | |||||||||||||
| 3,000,000 | Apple, Inc | 1.250 | 08/20/30 | 2,841,814 | |||||||||||||
| 3,000,000 | Apple, Inc | 1.650 | 02/08/31 | 2,919,813 | |||||||||||||
| 2,500,000 | Apple, Inc | 1.700 | 08/05/31 | 2,432,826 | |||||||||||||
| 1,600,000 | Apple, Inc | 4.500 | 02/23/36 | 2,005,114 | |||||||||||||
| 2,000,000 | Apple, Inc | 2.375 | 02/08/41 | 1,920,962 | |||||||||||||
| 350,000 | Apple, Inc | 3.850 | 05/04/43 | 408,919 | |||||||||||||
| 750,000 | Apple, Inc | 4.450 | 05/06/44 | 953,591 | |||||||||||||
| 1,350,000 | Apple, Inc | 3.450 | 02/09/45 | 1,494,849 | |||||||||||||
| 1,000,000 | Apple, Inc | 4.375 | 05/13/45 | 1,259,856 | |||||||||||||
| 1,775,000 | Apple, Inc | 4.650 | 02/23/46 | 2,309,994 | |||||||||||||
| 900,000 | Apple, Inc | 3.850 | 08/04/46 | 1,052,384 | |||||||||||||
| 1,175,000 | Apple, Inc | 4.250 | 02/09/47 | 1,458,347 | |||||||||||||
| 900,000 | Apple, Inc | 3.750 | 09/12/47 | 1,040,561 | |||||||||||||
| 2,850,000 | Apple, Inc | 3.750 | 11/13/47 | 3,299,122 | |||||||||||||
| 3,000,000 | Apple, Inc | 2.950 | 09/11/49 | 3,050,975 | |||||||||||||
| 3,350,000 | Apple, Inc | 2.650 | 05/11/50 | 3,220,713 | |||||||||||||
| 1,375,000 | Apple, Inc | 2.400 | 08/20/50 | 1,260,865 | |||||||||||||
| 2,000,000 | Apple, Inc | 2.650 | 02/08/51 | 1,913,224 | |||||||||||||
| 1,000,000 | Apple, Inc | 2.700 | 08/05/51 | 964,256 | |||||||||||||
| 25,000 | Apple, Inc | 2.550 | 08/20/60 | 22,789 | |||||||||||||
| 2,000,000 | Apple, Inc | 2.800 | 02/08/61 | 1,910,169 | |||||||||||||
| 1,000,000 | Apple, Inc | 2.850 | 08/05/61 | 964,898 | |||||||||||||
| 425,000 | Arrow Electronics, Inc | 3.250 | 09/08/24 | 450,736 | |||||||||||||
| 200,000 | Arrow Electronics, Inc | 4.000 | 04/01/25 | 215,564 | |||||||||||||
| 425,000 | Arrow Electronics, Inc | 3.875 | 01/12/28 | 459,076 | |||||||||||||
| 300,000 | Avnet, Inc | 4.875 | 12/01/22 | 314,004 | |||||||||||||
| 200,000 | Avnet, Inc | 4.625 | 04/15/26 | 223,044 | |||||||||||||
| 1,000,000 | Avnet, Inc | 3.000 | 05/15/31 | 1,003,109 | |||||||||||||
| 500,000 | Cisco Systems, Inc | 2.600 | 02/28/23 | 516,670 | |||||||||||||
| 1,100,000 | Cisco Systems, Inc | 3.625 | 03/04/24 | 1,182,797 | |||||||||||||
| 400,000 | Cisco Systems, Inc | 3.500 | 06/15/25 | 436,835 | |||||||||||||
| 500,000 | Cisco Systems, Inc | 2.950 | 02/28/26 | 540,804 | |||||||||||||
| 3,000,000 | Cisco Systems, Inc | 2.500 | 09/20/26 | 3,202,984 | |||||||||||||
| 1,000,000 | Cisco Systems, Inc | 5.900 | 02/15/39 | 1,444,428 | |||||||||||||
| 1,175,000 | Cisco Systems, Inc | 5.500 | 01/15/40 | 1,642,033 | |||||||||||||
| 84 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 200,000 | Corning, Inc | 4.700 | % | 03/15/37 | $ | 236,339 | ||||||||||
| 100,000 | Corning, Inc | 5.750 | 08/15/40 | 134,226 | |||||||||||||
| 200,000 | Corning, Inc | 4.750 | 03/15/42 | 248,435 | |||||||||||||
| 300,000 | Corning, Inc | 5.350 | 11/15/48 | 410,155 | |||||||||||||
| 500,000 | Corning, Inc | 3.900 | 11/15/49 | 557,933 | |||||||||||||
| 825,000 | Corning, Inc | 4.375 | 11/15/57 | 989,562 | |||||||||||||
| 200,000 | Corning, Inc | 5.850 | 11/15/68 | 291,101 | |||||||||||||
| 1,000,000 | Corning, Inc | 5.450 | 11/15/79 | 1,357,315 | |||||||||||||
| 4,150,000 | Dell International LLC | 5.450 | 06/15/23 | 4,451,002 | |||||||||||||
| 875,000 | Dell International LLC | 4.000 | 07/15/24 | 946,573 | |||||||||||||
| 2,925,000 | Dell International LLC | 6.020 | 06/15/26 | 3,479,368 | |||||||||||||
| 1,050,000 | Dell International LLC | 4.900 | 10/01/26 | 1,209,558 | |||||||||||||
| 2,900,000 | Dell International LLC | 5.300 | 10/01/29 | 3,505,570 | |||||||||||||
| 1,125,000 | Dell International LLC | 8.100 | 07/15/36 | 1,705,916 | |||||||||||||
| 1,525,000 | Dell International LLC | 8.350 | 07/15/46 | 2,473,331 | |||||||||||||
| 800,000 | Flex Ltd | 4.750 | 06/15/25 | 887,950 | |||||||||||||
| 500,000 | Flex Ltd | 3.750 | 02/01/26 | 544,104 | |||||||||||||
| 600,000 | Flex Ltd | 4.875 | 06/15/29 | 690,301 | |||||||||||||
| 1,000,000 | Flex Ltd | 4.875 | 05/12/30 | 1,159,955 | |||||||||||||
| 1,000,000 | FLIR Systems, Inc | 2.500 | 08/01/30 | 1,007,710 | |||||||||||||
| 500,000 | Genpact Luxembourg Sarl | 3.375 | 12/01/24 | 533,414 | |||||||||||||
| 1,000,000 | Genpact Luxembourg SARL | 1.750 | 04/10/26 | 1,001,979 | |||||||||||||
| 1,000,000 | Hewlett Packard Enterprise Co | 2.250 | 04/01/23 | 1,024,616 | |||||||||||||
| 500,000 | Hewlett Packard Enterprise Co | 4.450 | 10/02/23 | 535,571 | |||||||||||||
| 1,500,000 | Hewlett Packard Enterprise Co | 1.450 | 04/01/24 | 1,524,071 | |||||||||||||
| 500,000 | Hewlett Packard Enterprise Co | 4.650 | 10/01/24 | 552,349 | |||||||||||||
| 3,000,000 | Hewlett Packard Enterprise Co | 4.900 | 10/15/25 | 3,395,337 | |||||||||||||
| 225,000 | Hewlett Packard Enterprise Co | 6.200 | 10/15/35 | 297,888 | |||||||||||||
| 1,175,000 | Hewlett Packard Enterprise Co | 6.350 | 10/15/45 | 1,577,639 | |||||||||||||
| 1,000,000 | HP, Inc | 2.200 | 06/17/25 | 1,031,971 | |||||||||||||
| 1,000,000 | g | HP, Inc | 1.450 | 06/17/26 | 994,638 | ||||||||||||
| 1,000,000 | HP, Inc | 3.000 | 06/17/27 | 1,067,867 | |||||||||||||
| 1,000,000 | HP, Inc | 3.400 | 06/17/30 | 1,063,856 | |||||||||||||
| 1,000,000 | g | HP, Inc | 2.650 | 06/17/31 | 990,095 | ||||||||||||
| 975,000 | e | HP, Inc | 6.000 | 09/15/41 | 1,258,764 | ||||||||||||
| 1,000,000 | Jabil, Inc | 1.700 | 04/15/26 | 1,005,243 | |||||||||||||
| 100,000 | Jabil, Inc | 3.950 | 01/12/28 | 110,300 | |||||||||||||
| 750,000 | Jabil, Inc | 3.600 | 01/15/30 | 813,004 | |||||||||||||
| 550,000 | Jabil, Inc | 3.000 | 01/15/31 | 564,017 | |||||||||||||
| 1,500,000 | Juniper Networks, Inc | 1.200 | 12/10/25 | 1,490,681 | |||||||||||||
| 750,000 | Juniper Networks, Inc | 3.750 | 08/15/29 | 820,649 | |||||||||||||
| 1,500,000 | Juniper Networks, Inc | 2.000 | 12/10/30 | 1,436,764 | |||||||||||||
| 200,000 | Keysight Technologies, Inc | 4.550 | 10/30/24 | 221,065 | |||||||||||||
| 600,000 | Keysight Technologies, Inc | 4.600 | 04/06/27 | 692,222 | |||||||||||||
| 500,000 | Keysight Technologies, Inc | 3.000 | 10/30/29 | 527,615 | |||||||||||||
| 182,000 | Motorola Solutions, Inc | 4.000 | 09/01/24 | 198,149 | |||||||||||||
| 450,000 | Motorola Solutions, Inc | 4.600 | 02/23/28 | 518,425 | |||||||||||||
| 500,000 | Motorola Solutions, Inc | 4.600 | 05/23/29 | 580,663 | |||||||||||||
| 600,000 | Motorola Solutions, Inc | 2.300 | 11/15/30 | 589,712 | |||||||||||||
| 2,250,000 | Motorola Solutions, Inc | 2.750 | 05/24/31 | 2,296,162 | |||||||||||||
| 200,000 | Motorola Solutions, Inc | 5.500 | 09/01/44 | 260,590 | |||||||||||||
| 200,000 | NetApp, Inc | 3.300 | 09/29/24 | 212,414 | |||||||||||||
| 500,000 | NetApp, Inc | 1.875 | 06/22/25 | 512,199 | |||||||||||||
| 500,000 | NetApp, Inc | 2.375 | 06/22/27 | 521,611 | |||||||||||||
| 85 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 750,000 | NetApp, Inc | 2.700 | % | 06/22/30 | $ | 770,741 | ||||||||||
| 1,000,000 | g | SYNNEX Corp | 1.750 | 08/09/26 | 989,295 | ||||||||||||
| 1,000,000 | g | SYNNEX Corp | 2.375 | 08/09/28 | 990,162 | ||||||||||||
| 1,000,000 | g | SYNNEX Corp | 2.650 | 08/09/31 | 978,025 | ||||||||||||
| 200,000 | Tyco Electronics Group S.A. | 3.450 | 08/01/24 | 212,809 | |||||||||||||
| 100,000 | Tyco Electronics Group S.A. | 3.700 | 02/15/26 | 108,310 | |||||||||||||
| 1,150,000 | Tyco Electronics Group S.A. | 3.125 | 08/15/27 | 1,259,864 | |||||||||||||
| 1,000,000 | g | Vontier Corp | 1.800 | 04/01/26 | 992,790 | ||||||||||||
| 1,000,000 | g | Vontier Corp | 2.400 | 04/01/28 | 985,600 | ||||||||||||
| 1,000,000 | g | Vontier Corp | 2.950 | 04/01/31 | 993,710 | ||||||||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 161,854,335 | ||||||||||||||||
| TELECOMMUNICATION SERVICES - 1.3% | |||||||||||||||||
| 1,000,000 | America Movil SAB de C.V. | 3.625 | 04/22/29 | 1,087,139 | |||||||||||||
| 1,000,000 | America Movil SAB de C.V. | 2.875 | 05/07/30 | 1,040,268 | |||||||||||||
| 440,000 | America Movil SAB de C.V. | 6.125 | 03/30/40 | 619,133 | |||||||||||||
| 1,625,000 | America Movil SAB de C.V. | 4.375 | 07/16/42 | 1,946,435 | |||||||||||||
| 1,500,000 | America Movil SAB de C.V. | 4.375 | 04/22/49 | 1,836,600 | |||||||||||||
| 1,000,000 | American Tower Corp | 1.450 | 09/15/26 | 995,350 | |||||||||||||
| 1,000,000 | American Tower Corp | 2.300 | 09/15/31 | 986,079 | |||||||||||||
| 575,000 | AT&T, Inc | 2.625 | 12/01/22 | 586,720 | |||||||||||||
| 650,000 | AT&T, Inc | 4.050 | 12/15/23 | 699,673 | |||||||||||||
| 1,675,000 | AT&T, Inc | 4.450 | 04/01/24 | 1,814,864 | |||||||||||||
| 10,000,000 | AT&T, Inc | 1.700 | 03/25/26 | 10,123,797 | |||||||||||||
| 1,150,000 | AT&T, Inc | 1.650 | 02/01/28 | 1,140,790 | |||||||||||||
| 4,375,000 | AT&T, Inc | 4.350 | 03/01/29 | 5,016,460 | |||||||||||||
| 3,000,000 | AT&T, Inc | 2.250 | 02/01/32 | 2,920,991 | |||||||||||||
| 14,855,000 | AT&T, Inc | 2.550 | 12/01/33 | 14,614,617 | |||||||||||||
| 1,825,000 | AT&T, Inc | 4.500 | 05/15/35 | 2,136,425 | |||||||||||||
| 3,000,000 | AT&T, Inc | 3.500 | 06/01/41 | 3,080,189 | |||||||||||||
| 900,000 | AT&T, Inc | 4.900 | 06/15/42 | 1,082,029 | |||||||||||||
| 2,000,000 | AT&T, Inc | 3.100 | 02/01/43 | 1,917,493 | |||||||||||||
| 300,000 | AT&T, Inc | 4.650 | 06/01/44 | 351,038 | |||||||||||||
| 2,000,000 | AT&T, Inc | 3.650 | 06/01/51 | 2,037,975 | |||||||||||||
| 1,175,000 | AT&T, Inc | 3.300 | 02/01/52 | 1,137,704 | |||||||||||||
| 11,860,000 | AT&T, Inc | 3.500 | 09/15/53 | 11,738,079 | |||||||||||||
| 8,857,000 | AT&T, Inc | 3.550 | 09/15/55 | 8,734,275 | |||||||||||||
| 6,844,000 | AT&T, Inc | 3.800 | 12/01/57 | 6,991,502 | |||||||||||||
| 8,523,000 | AT&T, Inc | 3.650 | 09/15/59 | 8,496,774 | |||||||||||||
| 1,000,000 | AT&T, Inc | 3.850 | 06/01/60 | 1,034,003 | |||||||||||||
| 2,000,000 | AT&T, Inc | 3.500 | 02/01/61 | 1,913,893 | |||||||||||||
| 1,000,000 | Bell Canada | 3.650 | 03/17/51 | 1,086,237 | |||||||||||||
| 750,000 | Bell Canada, Inc | 4.464 | 04/01/48 | 912,159 | |||||||||||||
| 750,000 | Bell Canada, Inc | 4.300 | 07/29/49 | 892,552 | |||||||||||||
| 1,000,000 | Bell Telephone Co of Canada or Bell Canada | 2.150 | 02/15/32 | 978,717 | |||||||||||||
| 450,000 | Bell Telephone Co of Canada or Bell Canada | 3.200 | 02/15/52 | 450,671 | |||||||||||||
| 750,000 | British Telecommunications plc | 4.500 | 12/04/23 | 809,634 | |||||||||||||
| 750,000 | British Telecommunications plc | 5.125 | 12/04/28 | 876,892 | |||||||||||||
| 1,425,000 | British Telecommunications plc | 9.625 | 12/15/30 | 2,180,970 | |||||||||||||
| 2,690,000 | Deutsche Telekom International Finance BV | 8.750 | 06/15/30 | 4,010,493 | |||||||||||||
| 745,000 | Orange S.A. | 9.000 | 03/01/31 | 1,159,596 | |||||||||||||
| 900,000 | Orange S.A. | 5.375 | 01/13/42 | 1,201,610 | |||||||||||||
| 725,000 | Orange S.A. | 5.500 | 02/06/44 | 993,959 | |||||||||||||
| 86 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 200,000 | Rogers Communications, Inc | 4.100 | % | 10/01/23 | $ | 212,122 | ||||||||||
| 1,713,000 | Rogers Communications, Inc | 3.625 | 12/15/25 | 1,866,204 | |||||||||||||
| 200,000 | Rogers Communications, Inc | 2.900 | 11/15/26 | 212,377 | |||||||||||||
| 125,000 | Rogers Communications, Inc | 4.500 | 03/15/43 | 142,837 | |||||||||||||
| 300,000 | Rogers Communications, Inc | 5.450 | 10/01/43 | 389,361 | |||||||||||||
| 600,000 | Rogers Communications, Inc | 5.000 | 03/15/44 | 737,901 | |||||||||||||
| 150,000 | Rogers Communications, Inc | 4.300 | 02/15/48 | 167,379 | |||||||||||||
| 1,500,000 | Rogers Communications, Inc | 4.350 | 05/01/49 | 1,707,511 | |||||||||||||
| 1,300,000 | Rogers Communications, Inc | 3.700 | 11/15/49 | 1,350,463 | |||||||||||||
| 1,500,000 | Telefonica Emisiones SAU | 4.103 | 03/08/27 | 1,685,224 | |||||||||||||
| 625,000 | Telefonica Emisiones SAU | 7.045 | 06/20/36 | 901,994 | |||||||||||||
| 1,200,000 | Telefonica Emisiones SAU | 4.665 | 03/06/38 | 1,396,140 | |||||||||||||
| 2,125,000 | Telefonica Emisiones SAU | 5.213 | 03/08/47 | 2,652,104 | |||||||||||||
| 1,175,000 | Telefonica Emisiones SAU | 4.895 | 03/06/48 | 1,412,624 | |||||||||||||
| 900,000 | Telefonica Emisiones SAU | 5.520 | 03/01/49 | 1,177,464 | |||||||||||||
| 567,000 | Telefonica Europe BV | 8.250 | 09/15/30 | 817,912 | |||||||||||||
| 325,000 | TELUS Corp | 2.800 | 02/16/27 | 344,372 | |||||||||||||
| 300,000 | TELUS Corp | 3.700 | 09/15/27 | 334,452 | |||||||||||||
| 500,000 | TELUS Corp | 4.600 | 11/16/48 | 624,617 | |||||||||||||
| 750,000 | TELUS Corp | 4.300 | 06/15/49 | 896,868 | |||||||||||||
| 1,500,000 | T-Mobile USA, Inc | 3.500 | 04/15/25 | 1,615,961 | |||||||||||||
| 4,000,000 | T-Mobile USA, Inc | 1.500 | 02/15/26 | 4,013,153 | |||||||||||||
| 4,000,000 | T-Mobile USA, Inc | 3.750 | 04/15/27 | 4,406,763 | |||||||||||||
| 3,500,000 | T-Mobile USA, Inc | 2.050 | 02/15/28 | 3,528,000 | |||||||||||||
| 825,000 | T-Mobile USA, Inc | 3.875 | 04/15/30 | 910,934 | |||||||||||||
| 1,500,000 | T-Mobile USA, Inc | 2.550 | 02/15/31 | 1,505,345 | |||||||||||||
| 1,500,000 | T-Mobile USA, Inc | 2.250 | 11/15/31 | 1,470,897 | |||||||||||||
| 650,000 | T-Mobile USA, Inc | 4.375 | 04/15/40 | 748,908 | |||||||||||||
| 1,350,000 | T-Mobile USA, Inc | 3.000 | 02/15/41 | 1,306,168 | |||||||||||||
| 3,875,000 | T-Mobile USA, Inc | 4.500 | 04/15/50 | 4,517,353 | |||||||||||||
| 2,500,000 | T-Mobile USA, Inc | 3.300 | 02/15/51 | 2,417,161 | |||||||||||||
| 1,500,000 | g | T-Mobile USA, Inc | 3.400 | 10/15/52 | 1,462,937 | ||||||||||||
| 500,000 | g | T-Mobile USA, Inc | 3.600 | 11/15/60 | 491,587 | ||||||||||||
| 1,000,000 | T-Mobile USA, Inc | 3.600 | 11/15/60 | 983,174 | |||||||||||||
| 2,625,000 | Verizon Communications, Inc | 3.000 | 03/22/27 | 2,817,098 | |||||||||||||
| 5,000,000 | Verizon Communications, Inc | 2.100 | 03/22/28 | 5,075,450 | |||||||||||||
| 6,641,000 | Verizon Communications, Inc | 4.329 | 09/21/28 | 7,634,011 | |||||||||||||
| 350,000 | Verizon Communications, Inc | 3.875 | 02/08/29 | 392,553 | |||||||||||||
| 9,005,000 | Verizon Communications, Inc | 4.016 | 12/03/29 | 10,203,656 | |||||||||||||
| 200,000 | Verizon Communications, Inc | 3.150 | 03/22/30 | 213,892 | |||||||||||||
| 1,550,000 | Verizon Communications, Inc | 1.500 | 09/18/30 | 1,466,864 | |||||||||||||
| 1,533,000 | Verizon Communications, Inc | 1.680 | 10/30/30 | 1,457,782 | |||||||||||||
| 3,000,000 | Verizon Communications, Inc | 1.750 | 01/20/31 | 2,851,470 | |||||||||||||
| 1,925,000 | Verizon Communications, Inc | 2.550 | 03/21/31 | 1,948,659 | |||||||||||||
| 13,355,000 | g | Verizon Communications, Inc | 2.355 | 03/15/32 | 13,207,351 | ||||||||||||
| 2,975,000 | Verizon Communications, Inc | 4.500 | 08/10/33 | 3,542,358 | |||||||||||||
| 3,250,000 | Verizon Communications, Inc | 4.400 | 11/01/34 | 3,848,893 | |||||||||||||
| 3,775,000 | Verizon Communications, Inc | 4.272 | 01/15/36 | 4,434,540 | |||||||||||||
| 2,000,000 | Verizon Communications, Inc | 2.650 | 11/20/40 | 1,879,141 | |||||||||||||
| 1,350,000 | Verizon Communications, Inc | 3.400 | 03/22/41 | 1,409,862 | |||||||||||||
| 1,000,000 | Verizon Communications, Inc | 2.850 | 09/03/41 | 975,970 | |||||||||||||
| 1,158,000 | Verizon Communications, Inc | 5.012 | 04/15/49 | 1,516,971 | |||||||||||||
| 150,000 | Verizon Communications, Inc | 4.000 | 03/22/50 | 170,472 | |||||||||||||
| 2,000,000 | Verizon Communications, Inc | 2.875 | 11/20/50 | 1,864,292 | |||||||||||||
| 87 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,725,000 | Verizon Communications, Inc | 3.550 | % | 03/22/51 | $ | 2,873,777 | ||||||||||
| 12,764,000 | Verizon Communications, Inc | 2.987 | 10/30/56 | 11,785,831 | |||||||||||||
| 2,000,000 | Verizon Communications, Inc | 3.000 | 11/20/60 | 1,847,508 | |||||||||||||
| 5,000,000 | Verizon Communications, Inc | 3.700 | 03/22/61 | 5,279,639 | |||||||||||||
| 4,000,000 | Vodafone Group plc | 4.125 | 05/30/25 | 4,425,375 | |||||||||||||
| 4,425,000 | Vodafone Group plc | 4.375 | 05/30/28 | 5,082,036 | |||||||||||||
| 425,000 | Vodafone Group plc | 6.150 | 02/27/37 | 581,381 | |||||||||||||
| 925,000 | Vodafone Group plc | 5.000 | 05/30/38 | 1,158,512 | |||||||||||||
| 1,900,000 | Vodafone Group plc | 4.375 | 02/19/43 | 2,207,395 | |||||||||||||
| 1,450,000 | Vodafone Group plc | 5.250 | 05/30/48 | 1,876,840 | |||||||||||||
| 1,000,000 | Vodafone Group plc | 4.875 | 06/19/49 | 1,246,845 | |||||||||||||
| 1,500,000 | Vodafone Group plc | 4.250 | 09/17/50 | 1,724,496 | |||||||||||||
| 500,000 | Vodafone Group plc | 5.125 | 06/19/59 | 650,904 | |||||||||||||
| TOTAL TELECOMMUNICATION SERVICES | 267,693,876 | ||||||||||||||||
| TRANSPORTATION - 0.6% | |||||||||||||||||
| 657,220 | American Airlines, Inc | 3.000 | 10/15/28 | 655,358 | |||||||||||||
| 1,100,000 | Burlington Northern Santa Fe LLC | 3.850 | 09/01/23 | 1,164,022 | |||||||||||||
| 500,000 | Burlington Northern Santa Fe LLC | 3.750 | 04/01/24 | 535,431 | |||||||||||||
| 150,000 | Burlington Northern Santa Fe LLC | 3.400 | 09/01/24 | 161,102 | |||||||||||||
| 300,000 | Burlington Northern Santa Fe LLC | 3.000 | 04/01/25 | 320,555 | |||||||||||||
| 700,000 | Burlington Northern Santa Fe LLC | 3.650 | 09/01/25 | 767,989 | |||||||||||||
| 660,000 | Burlington Northern Santa Fe LLC | 5.750 | 05/01/40 | 925,094 | |||||||||||||
| 250,000 | Burlington Northern Santa Fe LLC | 5.050 | 03/01/41 | 327,141 | |||||||||||||
| 200,000 | Burlington Northern Santa Fe LLC | 4.400 | 03/15/42 | 243,141 | |||||||||||||
| 300,000 | Burlington Northern Santa Fe LLC | 4.450 | 03/15/43 | 374,411 | |||||||||||||
| 500,000 | Burlington Northern Santa Fe LLC | 5.150 | 09/01/43 | 675,406 | |||||||||||||
| 500,000 | Burlington Northern Santa Fe LLC | 4.900 | 04/01/44 | 654,006 | |||||||||||||
| 600,000 | Burlington Northern Santa Fe LLC | 4.550 | 09/01/44 | 757,190 | |||||||||||||
| 1,275,000 | Burlington Northern Santa Fe LLC | 4.150 | 04/01/45 | 1,536,058 | |||||||||||||
| 200,000 | Burlington Northern Santa Fe LLC | 4.700 | 09/01/45 | 258,578 | |||||||||||||
| 1,150,000 | Burlington Northern Santa Fe LLC | 3.900 | 08/01/46 | 1,340,391 | |||||||||||||
| 400,000 | Burlington Northern Santa Fe LLC | 4.125 | 06/15/47 | 482,363 | |||||||||||||
| 1,675,000 | Burlington Northern Santa Fe LLC | 4.050 | 06/15/48 | 2,005,837 | |||||||||||||
| 1,025,000 | Burlington Northern Santa Fe LLC | 4.150 | 12/15/48 | 1,250,875 | |||||||||||||
| 750,000 | Burlington Northern Santa Fe LLC | 3.550 | 02/15/50 | 841,075 | |||||||||||||
| 750,000 | Burlington Northern Santa Fe LLC | 3.050 | 02/15/51 | 773,162 | |||||||||||||
| 4,000,000 | Burlington Northern Santa Fe LLC | 3.300 | 09/15/51 | 4,312,427 | |||||||||||||
| 300,000 | Canadian National Railway Co | 2.250 | 11/15/22 | 304,823 | |||||||||||||
| 200,000 | Canadian National Railway Co | 2.950 | 11/21/24 | 211,441 | |||||||||||||
| 200,000 | Canadian National Railway Co | 6.900 | 07/15/28 | 263,138 | |||||||||||||
| 200,000 | Canadian National Railway Co | 6.250 | 08/01/34 | 280,039 | |||||||||||||
| 250,000 | Canadian National Railway Co | 3.500 | 11/15/42 | 263,504 | |||||||||||||
| 100,000 | Canadian National Railway Co | 4.500 | 11/07/43 | 121,485 | |||||||||||||
| 650,000 | Canadian National Railway Co | 3.200 | 08/02/46 | 681,920 | |||||||||||||
| 725,000 | Canadian National Railway Co | 3.650 | 02/03/48 | 819,225 | |||||||||||||
| 325,000 | Canadian National Railway Co | 4.450 | 01/20/49 | 411,727 | |||||||||||||
| 400,000 | Canadian National Railway Co | 2.450 | 05/01/50 | 367,562 | |||||||||||||
| 1,800,000 | Canadian Pacific Railway Co | 2.900 | 02/01/25 | 1,900,864 | |||||||||||||
| 300,000 | Canadian Pacific Railway Co | 4.000 | 06/01/28 | 338,349 | |||||||||||||
| 100,000 | Canadian Pacific Railway Co | 2.050 | 03/05/30 | 98,757 | |||||||||||||
| 200,000 | Canadian Pacific Railway Co | 7.125 | 10/15/31 | 277,063 | |||||||||||||
| 250,000 | Canadian Pacific Railway Co | 5.950 | 05/15/37 | 343,052 | |||||||||||||
| 88 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,275,000 | Canadian Pacific Railway Co | 6.125 | % | 09/15/15 | $ | 1,925,306 | ||||||||||
| 400,000 | CH Robinson Worldwide, Inc | 4.200 | 04/15/28 | 452,586 | |||||||||||||
| 12,202 | Continental Airlines, Inc | 5.983 | 04/19/22 | 12,361 | |||||||||||||
| 303,125 | Continental Airlines, Inc | 4.150 | 04/11/24 | 320,074 | |||||||||||||
| 125,083 | Continental Airlines, Inc | 4.000 | 10/29/24 | 131,803 | |||||||||||||
| 300,000 | CSX Corp | 3.400 | 08/01/24 | 321,890 | |||||||||||||
| 200,000 | CSX Corp | 3.350 | 11/01/25 | 216,399 | |||||||||||||
| 1,200,000 | CSX Corp | 2.600 | 11/01/26 | 1,272,795 | |||||||||||||
| 825,000 | CSX Corp | 4.250 | 03/15/29 | 948,374 | |||||||||||||
| 600,000 | CSX Corp | 2.400 | 02/15/30 | 616,270 | |||||||||||||
| 100,000 | CSX Corp | 6.000 | 10/01/36 | 138,689 | |||||||||||||
| 200,000 | CSX Corp | 6.150 | 05/01/37 | 280,431 | |||||||||||||
| 400,000 | CSX Corp | 5.500 | 04/15/41 | 538,234 | |||||||||||||
| 350,000 | CSX Corp | 4.400 | 03/01/43 | 420,637 | |||||||||||||
| 600,000 | CSX Corp | 4.100 | 03/15/44 | 696,900 | |||||||||||||
| 800,000 | CSX Corp | 3.800 | 11/01/46 | 904,820 | |||||||||||||
| 1,050,000 | CSX Corp | 4.300 | 03/01/48 | 1,273,641 | |||||||||||||
| 850,000 | CSX Corp | 4.750 | 11/15/48 | 1,097,345 | |||||||||||||
| 500,000 | CSX Corp | 4.500 | 03/15/49 | 621,351 | |||||||||||||
| 600,000 | CSX Corp | 3.350 | 09/15/49 | 630,958 | |||||||||||||
| 1,000,000 | CSX Corp | 3.800 | 04/15/50 | 1,134,586 | |||||||||||||
| 200,000 | CSX Corp | 3.950 | 05/01/50 | 233,055 | |||||||||||||
| 800,000 | CSX Corp | 2.500 | 05/15/51 | 726,337 | |||||||||||||
| 300,000 | CSX Corp | 4.500 | 08/01/54 | 377,261 | |||||||||||||
| 150,000 | CSX Corp | 4.250 | 11/01/66 | 182,594 | |||||||||||||
| 300,000 | CSX Corp | 4.650 | 03/01/68 | 386,850 | |||||||||||||
| 92,390 | Delta Air Lines, Inc | 3.625 | 07/30/27 | 99,025 | |||||||||||||
| 282,062 | Delta Air Lines, Inc | 2.000 | 06/10/28 | 280,601 | |||||||||||||
| 500,000 | FedEx Corp | 3.250 | 04/01/26 | 542,697 | |||||||||||||
| 1,250,000 | FedEx Corp | 3.400 | 02/15/28 | 1,378,402 | |||||||||||||
| 500,000 | FedEx Corp | 4.200 | 10/17/28 | 573,709 | |||||||||||||
| 2,000,000 | FedEx Corp | 3.100 | 08/05/29 | 2,137,977 | |||||||||||||
| 500,000 | FedEx Corp | 4.250 | 05/15/30 | 573,904 | |||||||||||||
| 1,500,000 | e | FedEx Corp | 2.400 | 05/15/31 | 1,512,974 | ||||||||||||
| 1,000,000 | FedEx Corp | 4.900 | 01/15/34 | 1,231,510 | |||||||||||||
| 200,000 | FedEx Corp | 3.900 | 02/01/35 | 225,857 | |||||||||||||
| 2,000,000 | FedEx Corp | 3.250 | 05/15/41 | 2,037,767 | |||||||||||||
| 275,000 | FedEx Corp | 5.100 | 01/15/44 | 350,883 | |||||||||||||
| 1,100,000 | FedEx Corp | 4.750 | 11/15/45 | 1,340,927 | |||||||||||||
| 600,000 | FedEx Corp | 4.550 | 04/01/46 | 709,197 | |||||||||||||
| 450,000 | FedEx Corp | 4.400 | 01/15/47 | 526,777 | |||||||||||||
| 900,000 | FedEx Corp | 4.050 | 02/15/48 | 1,006,826 | |||||||||||||
| 500,000 | FedEx Corp | 4.950 | 10/17/48 | 633,353 | |||||||||||||
| 1,500,000 | FedEx Corp | 5.250 | 05/15/50 | 1,980,784 | |||||||||||||
| 200,000 | FedEx Corp | 4.500 | 02/01/65 | 233,444 | |||||||||||||
| 1,000,000 | g | GXO Logistics, Inc | 1.650 | 07/15/26 | 992,350 | ||||||||||||
| 1,000,000 | g | GXO Logistics, Inc | 2.650 | 07/15/31 | 993,605 | ||||||||||||
| 500,000 | JB Hunt Transport Services, Inc | 3.875 | 03/01/26 | 553,575 | |||||||||||||
| 469,518 | JetBlue Pass Through Trust | 2.750 | 05/15/32 | 471,556 | |||||||||||||
| 967,282 | JetBlue Pass Through Trust | 4.000 | 11/15/32 | 1,051,878 | |||||||||||||
| 100,000 | Kansas City Southern | 3.000 | 05/15/23 | 103,614 | |||||||||||||
| 100,000 | Kansas City Southern | 3.125 | 06/01/26 | 107,402 | |||||||||||||
| 500,000 | Kansas City Southern | 2.875 | 11/15/29 | 524,805 | |||||||||||||
| 100,000 | Kansas City Southern | 4.300 | 05/15/43 | 117,657 | |||||||||||||
| 89 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 175,000 | Kansas City Southern | 4.950 | % | 08/15/45 | $ | 223,038 | ||||||||||
| 800,000 | Kansas City Southern | 4.700 | 05/01/48 | 991,702 | |||||||||||||
| 500,000 | Kansas City Southern | 3.500 | 05/01/50 | 525,700 | |||||||||||||
| 500,000 | Kansas City Southern | 4.200 | 11/15/69 | 579,115 | |||||||||||||
| 350,000 | Kirby Corp | 4.200 | 03/01/28 | 384,497 | |||||||||||||
| 1,291,000 | Norfolk Southern Corp | 2.903 | 02/15/23 | 1,326,891 | |||||||||||||
| 350,000 | Norfolk Southern Corp | 2.900 | 06/15/26 | 374,481 | |||||||||||||
| 300,000 | Norfolk Southern Corp | 3.150 | 06/01/27 | 325,565 | |||||||||||||
| 700,000 | Norfolk Southern Corp | 3.800 | 08/01/28 | 783,582 | |||||||||||||
| 2,500,000 | Norfolk Southern Corp | 2.300 | 05/15/31 | 2,524,904 | |||||||||||||
| 16,000 | Norfolk Southern Corp | 4.837 | 10/01/41 | 20,366 | |||||||||||||
| 300,000 | Norfolk Southern Corp | 4.450 | 06/15/45 | 367,527 | |||||||||||||
| 200,000 | Norfolk Southern Corp | 4.650 | 01/15/46 | 251,989 | |||||||||||||
| 303,000 | Norfolk Southern Corp | 3.942 | 11/01/47 | 345,287 | |||||||||||||
| 1,450,000 | Norfolk Southern Corp | 4.150 | 02/28/48 | 1,713,994 | |||||||||||||
| 500,000 | Norfolk Southern Corp | 4.100 | 05/15/49 | 586,827 | |||||||||||||
| 500,000 | Norfolk Southern Corp | 3.400 | 11/01/49 | 532,943 | |||||||||||||
| 1,000,000 | Norfolk Southern Corp | 3.050 | 05/15/50 | 996,768 | |||||||||||||
| 1,000,000 | Norfolk Southern Corp | 2.900 | 08/25/51 | 972,157 | |||||||||||||
| 175,000 | Norfolk Southern Corp | 4.050 | 08/15/52 | 205,487 | |||||||||||||
| 1,170,000 | Norfolk Southern Corp | 3.155 | 05/15/55 | 1,171,080 | |||||||||||||
| 1,000,000 | Norfolk Southern Corp | 4.100 | 05/15/21 | 1,123,403 | |||||||||||||
| 200,000 | Ryder System, Inc | 3.400 | 03/01/23 | 207,740 | |||||||||||||
| 200,000 | Ryder System, Inc | 3.750 | 06/09/23 | 210,731 | |||||||||||||
| 200,000 | Ryder System, Inc | 3.875 | 12/01/23 | 213,551 | |||||||||||||
| 550,000 | Ryder System, Inc | 3.650 | 03/18/24 | 586,700 | |||||||||||||
| 500,000 | Ryder System, Inc | 2.500 | 09/01/24 | 522,584 | |||||||||||||
| 300,000 | Ryder System, Inc | 4.625 | 06/01/25 | 335,993 | |||||||||||||
| 500,000 | Ryder System, Inc | 3.350 | 09/01/25 | 538,803 | |||||||||||||
| 500,000 | Ryder System, Inc | 2.900 | 12/01/26 | 532,677 | |||||||||||||
| 200,000 | Southwest Airlines Co | 2.750 | 11/16/22 | 204,623 | |||||||||||||
| 1,250,000 | Southwest Airlines Co | 4.750 | 05/04/23 | 1,330,700 | |||||||||||||
| 1,250,000 | Southwest Airlines Co | 5.250 | 05/04/25 | 1,411,369 | |||||||||||||
| 200,000 | Southwest Airlines Co | 3.000 | 11/15/26 | 212,343 | |||||||||||||
| 1,000,000 | Southwest Airlines Co | 5.125 | 06/15/27 | 1,169,476 | |||||||||||||
| 200,000 | e | Southwest Airlines Co | 3.450 | 11/16/27 | 215,134 | ||||||||||||
| 300,000 | Southwest Airlines Co | 2.625 | 02/10/30 | 304,307 | |||||||||||||
| 68,395 | Spirit Airlines, Inc | 4.100 | 04/01/28 | 71,558 | |||||||||||||
| 500,000 | Union Pacific Corp | 2.950 | 01/15/23 | 513,152 | |||||||||||||
| 300,000 | Union Pacific Corp | 3.500 | 06/08/23 | 314,916 | |||||||||||||
| 277,000 | Union Pacific Corp | 3.646 | 02/15/24 | 294,348 | |||||||||||||
| 300,000 | Union Pacific Corp | 3.150 | 03/01/24 | 317,752 | |||||||||||||
| 200,000 | Union Pacific Corp | 3.750 | 03/15/24 | 213,489 | |||||||||||||
| 200,000 | Union Pacific Corp | 3.250 | 01/15/25 | 214,006 | |||||||||||||
| 500,000 | Union Pacific Corp | 3.750 | 07/15/25 | 547,809 | |||||||||||||
| 200,000 | Union Pacific Corp | 3.250 | 08/15/25 | 215,176 | |||||||||||||
| 300,000 | Union Pacific Corp | 2.750 | 03/01/26 | 319,388 | |||||||||||||
| 500,000 | Union Pacific Corp | 2.150 | 02/05/27 | 517,930 | |||||||||||||
| 2,500,000 | Union Pacific Corp | 2.375 | 05/20/31 | 2,560,825 | |||||||||||||
| 100,000 | Union Pacific Corp | 3.375 | 02/01/35 | 108,769 | |||||||||||||
| 2,525,000 | g | Union Pacific Corp | 2.891 | 04/06/36 | 2,621,800 | ||||||||||||
| 100,000 | Union Pacific Corp | 3.600 | 09/15/37 | 111,357 | |||||||||||||
| 500,000 | Union Pacific Corp | 3.550 | 08/15/39 | 556,495 | |||||||||||||
| 90 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,500,000 | Union Pacific Corp | 3.200 | % | 05/20/41 | $ | 1,581,287 | ||||||||||
| 200,000 | Union Pacific Corp | 3.350 | 08/15/46 | 212,591 | |||||||||||||
| 300,000 | Union Pacific Corp | 4.000 | 04/15/47 | 349,347 | |||||||||||||
| 4,000,000 | Union Pacific Corp | 3.250 | 02/05/50 | 4,198,794 | |||||||||||||
| 1,070,000 | Union Pacific Corp | 3.799 | 10/01/51 | 1,235,808 | |||||||||||||
| 500,000 | Union Pacific Corp | 2.950 | 03/10/52 | 497,054 | |||||||||||||
| 200,000 | Union Pacific Corp | 3.875 | 02/01/55 | 230,555 | |||||||||||||
| 300,000 | Union Pacific Corp | 3.950 | 08/15/59 | 350,664 | |||||||||||||
| 1,925,000 | Union Pacific Corp | 3.839 | 03/20/60 | 2,208,532 | |||||||||||||
| 1,500,000 | Union Pacific Corp | 3.550 | 05/20/61 | 1,622,449 | |||||||||||||
| 2,950,000 | Union Pacific Corp | 2.973 | 09/16/62 | 2,844,615 | |||||||||||||
| 200,000 | Union Pacific Corp | 4.100 | 09/15/67 | 235,359 | |||||||||||||
| 500,000 | Union Pacific Corp | 3.750 | 02/05/70 | 562,040 | |||||||||||||
| 500,000 | g | Union Pacific Corp | 3.799 | 04/06/71 | 562,600 | ||||||||||||
| 158,798 | Union Pacific Railroad Co | 2.695 | 05/12/27 | 167,166 | |||||||||||||
| 233,563 | United Airlines 2020-, Cl B Pass Through Trust | 4.875 | 01/15/26 | 247,329 | |||||||||||||
| 500,000 | United Parcel Service, Inc | 2.200 | 09/01/24 | 521,956 | |||||||||||||
| 300,000 | United Parcel Service, Inc | 2.800 | 11/15/24 | 319,188 | |||||||||||||
| 125,000 | United Parcel Service, Inc | 2.400 | 11/15/26 | 132,747 | |||||||||||||
| 875,000 | United Parcel Service, Inc | 3.050 | 11/15/27 | 961,472 | |||||||||||||
| 500,000 | United Parcel Service, Inc | 3.400 | 03/15/29 | 555,758 | |||||||||||||
| 500,000 | United Parcel Service, Inc | 2.500 | 09/01/29 | 523,926 | |||||||||||||
| 750,000 | United Parcel Service, Inc | 4.450 | 04/01/30 | 892,672 | |||||||||||||
| 510,000 | United Parcel Service, Inc | 6.200 | 01/15/38 | 741,107 | |||||||||||||
| 450,000 | United Parcel Service, Inc | 3.625 | 10/01/42 | 509,509 | |||||||||||||
| 400,000 | United Parcel Service, Inc | 3.400 | 11/15/46 | 440,624 | |||||||||||||
| 1,550,000 | United Parcel Service, Inc | 3.750 | 11/15/47 | 1,799,685 | |||||||||||||
| 300,000 | United Parcel Service, Inc | 4.250 | 03/15/49 | 375,323 | |||||||||||||
| 500,000 | United Parcel Service, Inc | 3.400 | 09/01/49 | 551,895 | |||||||||||||
| 1,630,000 | United Parcel Service, Inc | 5.300 | 04/01/50 | 2,353,837 | |||||||||||||
| TOTAL TRANSPORTATION | 126,807,857 | ||||||||||||||||
| UTILITIES - 2.3% | |||||||||||||||||
| 200,000 | AEP Texas, Inc | 2.400 | 10/01/22 | 203,574 | |||||||||||||
| 200,000 | AEP Texas, Inc | 3.950 | 06/01/28 | 222,730 | |||||||||||||
| 550,000 | AEP Texas, Inc | 2.100 | 07/01/30 | 538,297 | |||||||||||||
| 200,000 | AEP Texas, Inc | 3.800 | 10/01/47 | 214,064 | |||||||||||||
| 100,000 | AEP Texas, Inc | 4.150 | 05/01/49 | 115,010 | |||||||||||||
| 850,000 | AEP Texas, Inc | 3.450 | 05/15/51 | 878,071 | |||||||||||||
| 200,000 | AEP Transmission Co LLC | 3.100 | 12/01/26 | 215,513 | |||||||||||||
| 600,000 | AEP Transmission Co LLC | 4.000 | 12/01/46 | 702,491 | |||||||||||||
| 500,000 | AEP Transmission Co LLC | 3.750 | 12/01/47 | 560,690 | |||||||||||||
| 200,000 | AEP Transmission Co LLC | 4.250 | 09/15/48 | 243,748 | |||||||||||||
| 300,000 | AEP Transmission Co LLC | 3.800 | 06/15/49 | 342,594 | |||||||||||||
| 550,000 | AEP Transmission Co LLC | 2.750 | 08/15/51 | 524,318 | |||||||||||||
| 600,000 | AES Corp | 1.375 | 01/15/26 | 592,123 | |||||||||||||
| 675,000 | AES Corp | 2.450 | 01/15/31 | 665,714 | |||||||||||||
| 475,000 | Alabama Power Co | 3.550 | 12/01/23 | 505,803 | |||||||||||||
| 575,000 | Alabama Power Co | 1.450 | 09/15/30 | 545,724 | |||||||||||||
| 200,000 | Alabama Power Co | 3.850 | 12/01/42 | 226,606 | |||||||||||||
| 400,000 | Alabama Power Co | 3.750 | 03/01/45 | 448,578 | |||||||||||||
| 300,000 | Alabama Power Co | 4.300 | 01/02/46 | 361,069 | |||||||||||||
| 350,000 | Alabama Power Co | 3.700 | 12/01/47 | 393,535 | |||||||||||||
| 1,000,000 | Alabama Power Co | 4.300 | 07/15/48 | 1,230,739 | |||||||||||||
| 91 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | e | Alabama Power Co | 3.125 | % | 07/15/51 | $ | 1,025,008 | |||||||||
| 350,000 | Ameren Corp | 2.500 | 09/15/24 | 365,805 | |||||||||||||
| 2,000,000 | Ameren Corp | 1.750 | 03/15/28 | 1,960,078 | |||||||||||||
| 300,000 | Ameren Illinois Co | 3.800 | 05/15/28 | 335,639 | |||||||||||||
| 750,000 | Ameren Illinois Co | 1.550 | 11/15/30 | 716,242 | |||||||||||||
| 125,000 | Ameren Illinois Co | 4.150 | 03/15/46 | 150,248 | |||||||||||||
| 1,150,000 | Ameren Illinois Co | 3.700 | 12/01/47 | 1,306,668 | |||||||||||||
| 575,000 | Ameren Illinois Co | 4.500 | 03/15/49 | 731,065 | |||||||||||||
| 325,000 | Ameren Illinois Co | 2.900 | 06/15/51 | 329,717 | |||||||||||||
| 1,000,000 | American Electric Power Co, Inc | 0.750 | 11/01/23 | 1,000,060 | |||||||||||||
| 1,000,000 | e | American Electric Power Co, Inc | 1.000 | 11/01/25 | 988,680 | ||||||||||||
| 350,000 | American Electric Power Co, Inc | 3.200 | 11/13/27 | 376,243 | |||||||||||||
| 700,000 | American Electric Power Co, Inc | 4.300 | 12/01/28 | 794,519 | |||||||||||||
| 500,000 | American Electric Power Co, Inc | 2.300 | 03/01/30 | 498,185 | |||||||||||||
| 500,000 | American Water Capital Corp | 3.850 | 03/01/24 | 535,283 | |||||||||||||
| 300,000 | American Water Capital Corp | 3.400 | 03/01/25 | 322,975 | |||||||||||||
| 200,000 | American Water Capital Corp | 2.950 | 09/01/27 | 215,203 | |||||||||||||
| 500,000 | American Water Capital Corp | 3.750 | 09/01/28 | 561,472 | |||||||||||||
| 750,000 | American Water Capital Corp | 3.450 | 06/01/29 | 826,481 | |||||||||||||
| 100,000 | American Water Capital Corp | 2.800 | 05/01/30 | 104,890 | |||||||||||||
| 2,000,000 | American Water Capital Corp | 2.300 | 06/01/31 | 2,020,493 | |||||||||||||
| 225,000 | American Water Capital Corp | 4.300 | 12/01/42 | 271,703 | |||||||||||||
| 150,000 | American Water Capital Corp | 4.300 | 09/01/45 | 180,151 | |||||||||||||
| 100,000 | American Water Capital Corp | 4.000 | 12/01/46 | 116,532 | |||||||||||||
| 1,175,000 | American Water Capital Corp | 3.750 | 09/01/47 | 1,317,298 | |||||||||||||
| 500,000 | American Water Capital Corp | 4.200 | 09/01/48 | 600,226 | |||||||||||||
| 500,000 | American Water Capital Corp | 4.150 | 06/01/49 | 590,542 | |||||||||||||
| 675,000 | American Water Capital Corp | 3.450 | 05/01/50 | 718,065 | |||||||||||||
| 2,000,000 | American Water Capital Corp | 3.250 | 06/01/51 | 2,069,195 | |||||||||||||
| 200,000 | Appalachian Power Co | 3.300 | 06/01/27 | 216,034 | |||||||||||||
| 1,000,000 | Appalachian Power Co | 2.700 | 04/01/31 | 1,025,743 | |||||||||||||
| 300,000 | Appalachian Power Co | 4.500 | 03/01/49 | 365,686 | |||||||||||||
| 775,000 | Appalachian Power Co | 3.700 | 05/01/50 | 843,547 | |||||||||||||
| 125,000 | Aqua America, Inc | 3.566 | 05/01/29 | 136,556 | |||||||||||||
| 200,000 | Aqua America, Inc | 4.276 | 05/01/49 | 235,684 | |||||||||||||
| 200,000 | Arizona Public Service Co | 2.950 | 09/15/27 | 214,210 | |||||||||||||
| 1,000,000 | Arizona Public Service Co | 2.600 | 08/15/29 | 1,036,085 | |||||||||||||
| 500,000 | Arizona Public Service Co | 2.200 | 12/15/31 | 494,155 | |||||||||||||
| 350,000 | Arizona Public Service Co | 4.500 | 04/01/42 | 422,875 | |||||||||||||
| 200,000 | Arizona Public Service Co | 4.350 | 11/15/45 | 238,301 | |||||||||||||
| 410,000 | Arizona Public Service Co | 3.750 | 05/15/46 | 451,598 | |||||||||||||
| 200,000 | Arizona Public Service Co | 4.200 | 08/15/48 | 237,645 | |||||||||||||
| 200,000 | Arizona Public Service Co | 4.250 | 03/01/49 | 238,441 | |||||||||||||
| 300,000 | Arizona Public Service Co | 3.500 | 12/01/49 | 319,397 | |||||||||||||
| 500,000 | Arizona Public Service Co | 3.350 | 05/15/50 | 521,425 | |||||||||||||
| 750,000 | Arizona Public Service Co | 2.650 | 09/15/50 | 688,784 | |||||||||||||
| 900,000 | Atlantic City Electric Co | 4.000 | 10/15/28 | 1,019,498 | |||||||||||||
| 425,000 | Atlantic City Electric Co | 2.300 | 03/15/31 | 430,823 | |||||||||||||
| 1,000,000 | Atmos Energy Corp | 0.625 | 03/09/23 | 1,000,033 | |||||||||||||
| 650,000 | Atmos Energy Corp | 3.000 | 06/15/27 | 698,925 | |||||||||||||
| 500,000 | Atmos Energy Corp | 2.625 | 09/15/29 | 518,963 | |||||||||||||
| 750,000 | Atmos Energy Corp | 1.500 | 01/15/31 | 705,551 | |||||||||||||
| 100,000 | Atmos Energy Corp | 5.500 | 06/15/41 | 133,453 | |||||||||||||
| 92 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 125,000 | Atmos Energy Corp | 4.150 | % | 01/15/43 | $ | 143,971 | ||||||||||
| 600,000 | Atmos Energy Corp | 4.125 | 10/15/44 | 695,344 | |||||||||||||
| 500,000 | Atmos Energy Corp | 4.300 | 10/01/48 | 605,664 | |||||||||||||
| 300,000 | Atmos Energy Corp | 4.125 | 03/15/49 | 348,622 | |||||||||||||
| 500,000 | Atmos Energy Corp | 3.375 | 09/15/49 | 524,537 | |||||||||||||
| 1,500,000 | h | Atmos Energy Corp | 2.850 | 02/15/52 | 1,432,656 | ||||||||||||
| 500,000 | Avangrid, Inc | 3.150 | 12/01/24 | 532,952 | |||||||||||||
| 300,000 | Avangrid, Inc | 3.200 | 04/15/25 | 319,509 | |||||||||||||
| 625,000 | Avangrid, Inc | 3.800 | 06/01/29 | 695,908 | |||||||||||||
| 150,000 | Avista Corp | 4.350 | 06/01/48 | 186,456 | |||||||||||||
| 200,000 | Baltimore Gas & Electric Co | 2.400 | 08/15/26 | 209,639 | |||||||||||||
| 150,000 | Baltimore Gas & Electric Co | 3.500 | 08/15/46 | 162,687 | |||||||||||||
| 200,000 | Baltimore Gas & Electric Co | 3.750 | 08/15/47 | 226,199 | |||||||||||||
| 200,000 | Baltimore Gas & Electric Co | 4.250 | 09/15/48 | 244,090 | |||||||||||||
| 500,000 | Baltimore Gas & Electric Co | 3.200 | 09/15/49 | 520,296 | |||||||||||||
| 775,000 | Baltimore Gas & Electric Co | 2.900 | 06/15/50 | 764,839 | |||||||||||||
| 1,500,000 | Baltimore Gas and Electric Co | 2.250 | 06/15/31 | 1,506,222 | |||||||||||||
| 200,000 | Berkshire Hathaway Energy Co | 2.800 | 01/15/23 | 205,895 | |||||||||||||
| 350,000 | Berkshire Hathaway Energy Co | 3.500 | 02/01/25 | 375,916 | |||||||||||||
| 175,000 | Berkshire Hathaway Energy Co | 3.250 | 04/15/28 | 190,882 | |||||||||||||
| 2,500,000 | Berkshire Hathaway Energy Co | 1.650 | 05/15/31 | 2,394,381 | |||||||||||||
| 950,000 | Berkshire Hathaway Energy Co | 6.125 | 04/01/36 | 1,315,137 | |||||||||||||
| 1,032,000 | Berkshire Hathaway Energy Co | 5.950 | 05/15/37 | 1,405,439 | |||||||||||||
| 725,000 | Berkshire Hathaway Energy Co | 5.150 | 11/15/43 | 945,650 | |||||||||||||
| 975,000 | Berkshire Hathaway Energy Co | 4.500 | 02/01/45 | 1,183,351 | |||||||||||||
| 1,250,000 | Berkshire Hathaway Energy Co | 3.800 | 07/15/48 | 1,414,441 | |||||||||||||
| 1,025,000 | Berkshire Hathaway Energy Co | 4.450 | 01/15/49 | 1,265,796 | |||||||||||||
| 2,500,000 | Berkshire Hathaway Energy Co | 2.850 | 05/15/51 | 2,389,422 | |||||||||||||
| 200,000 | Black Hills Corp | 4.250 | 11/30/23 | 213,676 | |||||||||||||
| 1,500,000 | Black Hills Corp | 1.037 | 08/23/24 | 1,500,143 | |||||||||||||
| 100,000 | Black Hills Corp | 3.950 | 01/15/26 | 109,068 | |||||||||||||
| 100,000 | Black Hills Corp | 3.150 | 01/15/27 | 106,517 | |||||||||||||
| 550,000 | Black Hills Corp | 2.500 | 06/15/30 | 557,432 | |||||||||||||
| 300,000 | Black Hills Corp | 4.350 | 05/01/33 | 346,297 | |||||||||||||
| 200,000 | Black Hills Corp | 4.200 | 09/15/46 | 226,372 | |||||||||||||
| 200,000 | CenterPoint Energy Houston Electric LLC | 2.400 | 09/01/26 | 209,968 | |||||||||||||
| 300,000 | CenterPoint Energy Houston Electric LLC | 3.000 | 02/01/27 | 321,219 | |||||||||||||
| 275,000 | CenterPoint Energy Houston Electric LLC | 2.350 | 04/01/31 | 280,402 | |||||||||||||
| 100,000 | CenterPoint Energy Houston Electric LLC | 6.950 | 03/15/33 | 140,834 | |||||||||||||
| 300,000 | CenterPoint Energy Houston Electric LLC | 3.950 | 03/01/48 | 357,132 | |||||||||||||
| 750,000 | CenterPoint Energy Houston Electric LLC | 4.250 | 02/01/49 | 932,020 | |||||||||||||
| 150,000 | CenterPoint Energy Houston Electric LLC | 2.900 | 07/01/50 | 151,497 | |||||||||||||
| 875,000 | CenterPoint Energy Houston Electric LLC | 3.350 | 04/01/51 | 952,597 | |||||||||||||
| 1,000,000 | CenterPoint Energy Resources Corp | 0.700 | 03/02/23 | 1,000,054 | |||||||||||||
| 200,000 | CenterPoint Energy Resources Corp | 4.000 | 04/01/28 | 223,517 | |||||||||||||
| 575,000 | CenterPoint Energy Resources Corp | 1.750 | 10/01/30 | 552,382 | |||||||||||||
| 700,000 | CenterPoint Energy Resources Corp | 4.100 | 09/01/47 | 808,930 | |||||||||||||
| 500,000 | CenterPoint Energy, Inc | 2.500 | 09/01/24 | 522,818 | |||||||||||||
| 1,000,000 | CenterPoint Energy, Inc | 1.450 | 06/01/26 | 1,000,281 | |||||||||||||
| 450,000 | CenterPoint Energy, Inc | 4.250 | 11/01/28 | 512,695 | |||||||||||||
| 750,000 | CenterPoint Energy, Inc | 2.950 | 03/01/30 | 784,696 | |||||||||||||
| 1,000,000 | CenterPoint Energy, Inc | 2.650 | 06/01/31 | 1,021,133 | |||||||||||||
| 500,000 | CenterPoint Energy, Inc | 3.700 | 09/01/49 | 544,093 | |||||||||||||
| 3,200,000 | Cheniere Corpus Christi Holdings LLC | 3.700 | 11/15/29 | 3,472,639 | |||||||||||||
| 93 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,000,000 | g | Cheniere Corpus Christi Holdings LLC | 2.742 | % | 12/31/39 | $ | 1,981,111 | |||||||||
| 425,000 | Cleco Corporate Holdings LLC | 3.743 | 05/01/26 | 463,127 | |||||||||||||
| 300,000 | Cleco Corporate Holdings LLC | 3.375 | 09/15/29 | 307,307 | |||||||||||||
| 200,000 | Cleco Corporate Holdings LLC | 4.973 | 05/01/46 | 244,273 | |||||||||||||
| 790,000 | e | CMS Energy Corp | 3.450 | 08/15/27 | 864,917 | ||||||||||||
| 1,000,000 | CMS Energy Corp | 3.750 | 12/01/50 | 1,010,000 | |||||||||||||
| 250,000 | Commonwealth Edison Co | 2.550 | 06/15/26 | 264,108 | |||||||||||||
| 1,355,000 | Commonwealth Edison Co | 2.950 | 08/15/27 | 1,468,760 | |||||||||||||
| 300,000 | Commonwealth Edison Co | 3.700 | 08/15/28 | 337,767 | |||||||||||||
| 500,000 | e | Commonwealth Edison Co | 2.200 | 03/01/30 | 506,047 | ||||||||||||
| 200,000 | Commonwealth Edison Co | 3.800 | 10/01/42 | 225,775 | |||||||||||||
| 300,000 | Commonwealth Edison Co | 4.700 | 01/15/44 | 379,268 | |||||||||||||
| 100,000 | Commonwealth Edison Co | 3.700 | 03/01/45 | 112,694 | |||||||||||||
| 250,000 | Commonwealth Edison Co | 3.650 | 06/15/46 | 276,567 | |||||||||||||
| 400,000 | Commonwealth Edison Co | 3.750 | 08/15/47 | 453,112 | |||||||||||||
| 1,175,000 | Commonwealth Edison Co | 4.000 | 03/01/48 | 1,380,406 | |||||||||||||
| 1,300,000 | Commonwealth Edison Co | 4.000 | 03/01/49 | 1,540,689 | |||||||||||||
| 500,000 | Commonwealth Edison Co | 3.200 | 11/15/49 | 515,934 | |||||||||||||
| 500,000 | Commonwealth Edison Co | 3.000 | 03/01/50 | 501,769 | |||||||||||||
| 1,000,000 | Commonwealth Edison Co | 3.125 | 03/15/51 | 1,030,564 | |||||||||||||
| 500,000 | Commonwealth Edison Co | 2.750 | 09/01/51 | 478,664 | |||||||||||||
| 625,000 | Connecticut Light & Power Co | 3.200 | 03/15/27 | 680,710 | |||||||||||||
| 400,000 | Connecticut Light & Power Co | 4.300 | 04/15/44 | 487,155 | |||||||||||||
| 250,000 | Connecticut Light & Power Co | 4.150 | 06/01/45 | 301,429 | |||||||||||||
| 775,000 | Connecticut Light & Power Co | 4.000 | 04/01/48 | 925,121 | |||||||||||||
| 1,000,000 | Connecticut Light and Power Co | 0.750 | 12/01/25 | 986,117 | |||||||||||||
| 500,000 | Connecticut Light and Power Co | 2.050 | 07/01/31 | 498,758 | |||||||||||||
| 200,000 | Consolidated Edison Co of New York, Inc | 3.800 | 05/15/28 | 223,865 | |||||||||||||
| 300,000 | Consolidated Edison Co of New York, Inc | 4.000 | 12/01/28 | 340,295 | |||||||||||||
| 100,000 | Consolidated Edison Co of New York, Inc | 3.350 | 04/01/30 | 109,424 | |||||||||||||
| 2,000,000 | e | Consolidated Edison Co of New York, Inc | 2.400 | 06/15/31 | 2,023,378 | ||||||||||||
| 200,000 | Consolidated Edison Co of New York, Inc | 4.200 | 03/15/42 | 229,708 | |||||||||||||
| 550,000 | Consolidated Edison Co of New York, Inc | 3.950 | 03/01/43 | 616,896 | |||||||||||||
| 1,475,000 | Consolidated Edison Co of New York, Inc | 4.450 | 03/15/44 | 1,773,813 | |||||||||||||
| 150,000 | Consolidated Edison Co of New York, Inc | 4.500 | 12/01/45 | 181,509 | |||||||||||||
| 400,000 | Consolidated Edison Co of New York, Inc | 3.850 | 06/15/46 | 443,752 | |||||||||||||
| 400,000 | Consolidated Edison Co of New York, Inc | 3.875 | 06/15/47 | 446,248 | |||||||||||||
| 300,000 | Consolidated Edison Co of New York, Inc | 4.650 | 12/01/48 | 371,179 | |||||||||||||
| 500,000 | Consolidated Edison Co of New York, Inc | 4.125 | 05/15/49 | 579,972 | |||||||||||||
| 700,000 | Consolidated Edison Co of New York, Inc | 3.950 | 04/01/50 | 798,756 | |||||||||||||
| 850,000 | Consolidated Edison Co of New York, Inc | 4.625 | 12/01/54 | 1,050,074 | |||||||||||||
| 200,000 | Consolidated Edison Co of New York, Inc | 4.300 | 12/01/56 | 234,986 | |||||||||||||
| 1,300,000 | Consolidated Edison Co of New York, Inc | 4.000 | 11/15/57 | 1,452,479 | |||||||||||||
| 400,000 | Consolidated Edison Co of New York, Inc | 4.500 | 05/15/58 | 483,338 | |||||||||||||
| 1,000,000 | Consolidated Edison Co of New York, Inc | 3.700 | 11/15/59 | 1,060,988 | |||||||||||||
| 1,000,000 | Consolidated Edison Co of New York, Inc | 3.000 | 12/01/60 | 928,565 | |||||||||||||
| 1,000,000 | Consolidated Edison Co of New York, Inc | 3.600 | 06/15/61 | 1,044,865 | |||||||||||||
| 1,000,000 | Consolidated Edison, Inc | 0.650 | 12/01/23 | 998,920 | |||||||||||||
| 1,300,000 | Consumers Energy Co | 0.350 | 06/01/23 | 1,299,265 | |||||||||||||
| 200,000 | Consumers Energy Co | 3.375 | 08/15/23 | 209,467 | |||||||||||||
| 250,000 | Consumers Energy Co | 3.800 | 11/15/28 | 280,690 | |||||||||||||
| 600,000 | Consumers Energy Co | 3.950 | 07/15/47 | 699,381 | |||||||||||||
| 600,000 | Consumers Energy Co | 4.050 | 05/15/48 | 712,136 | |||||||||||||
| 94 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 350,000 | Consumers Energy Co | 4.350 | % | 04/15/49 | $ | 435,430 | ||||||||||
| 500,000 | Consumers Energy Co | 3.750 | 02/15/50 | 576,255 | |||||||||||||
| 500,000 | Consumers Energy Co | 3.100 | 08/15/50 | 516,558 | |||||||||||||
| 150,000 | Consumers Energy Co | 3.500 | 08/01/51 | 165,455 | |||||||||||||
| 500,000 | Consumers Energy Co | 2.650 | 08/15/52 | 473,037 | |||||||||||||
| 1,000,000 | Consumers Energy Co | 2.500 | 05/01/60 | 873,749 | |||||||||||||
| 300,000 | Dayton Power & Light Co | 3.950 | 06/15/49 | 336,426 | |||||||||||||
| 200,000 | Delmarva Power & Light Co | 4.150 | 05/15/45 | 234,877 | |||||||||||||
| 300,000 | Dominion Energy, Inc | 3.300 | 03/15/25 | 321,079 | |||||||||||||
| 1,750,000 | Dominion Energy, Inc | 3.900 | 10/01/25 | 1,912,938 | |||||||||||||
| 1,000,000 | Dominion Energy, Inc | 1.450 | 04/15/26 | 1,003,246 | |||||||||||||
| 775,000 | Dominion Energy, Inc | 3.600 | 03/15/27 | 851,355 | |||||||||||||
| 500,000 | Dominion Energy, Inc | 4.250 | 06/01/28 | 568,054 | |||||||||||||
| 303,000 | Dominion Energy, Inc | 3.375 | 04/01/30 | 328,220 | |||||||||||||
| 500,000 | Dominion Energy, Inc | 2.250 | 08/15/31 | 498,425 | |||||||||||||
| 475,000 | Dominion Energy, Inc | 3.300 | 04/15/41 | 492,915 | |||||||||||||
| 200,000 | Dominion Energy, Inc | 4.700 | 12/01/44 | 248,109 | |||||||||||||
| 500,000 | Dominion Energy, Inc | 4.600 | 03/15/49 | 621,556 | |||||||||||||
| 225,000 | Dominion Energy, Inc (Step Bond) | 3.071 | 08/15/24 | 237,827 | |||||||||||||
| 200,000 | DTE Electric Co | 3.650 | 03/15/24 | 213,101 | |||||||||||||
| 500,000 | DTE Electric Co | 1.900 | 04/01/28 | 506,873 | |||||||||||||
| 200,000 | DTE Electric Co | 4.000 | 04/01/43 | 233,765 | |||||||||||||
| 100,000 | DTE Electric Co | 3.700 | 06/01/46 | 112,133 | |||||||||||||
| 500,000 | DTE Electric Co | 3.750 | 08/15/47 | 574,687 | |||||||||||||
| 1,000,000 | DTE Electric Co | 4.050 | 05/15/48 | 1,189,084 | |||||||||||||
| 525,000 | DTE Electric Co | 3.950 | 03/01/49 | 619,876 | |||||||||||||
| 1,000,000 | DTE Electric Co | 2.950 | 03/01/50 | 1,001,887 | |||||||||||||
| 400,000 | DTE Electric Co | 3.250 | 04/01/51 | 423,009 | |||||||||||||
| 1,000,000 | DTE Energy Co | 1.050 | 06/01/25 | 992,112 | |||||||||||||
| 327,000 | DTE Energy Co | 3.400 | 06/15/29 | 353,771 | |||||||||||||
| 500,000 | DTE Energy Co | 2.950 | 03/01/30 | 522,103 | |||||||||||||
| 200,000 | Duke Energy Carolinas LLC | 2.500 | 03/15/23 | 205,628 | |||||||||||||
| 2,000,000 | Duke Energy Carolinas LLC | 3.050 | 03/15/23 | 2,074,382 | |||||||||||||
| 200,000 | Duke Energy Carolinas LLC | 2.950 | 12/01/26 | 215,410 | |||||||||||||
| 500,000 | Duke Energy Carolinas LLC | 3.950 | 11/15/28 | 568,256 | |||||||||||||
| 500,000 | Duke Energy Carolinas LLC | 2.450 | 08/15/29 | 514,801 | |||||||||||||
| 1,500,000 | Duke Energy Carolinas LLC | 2.550 | 04/15/31 | 1,553,621 | |||||||||||||
| 125,000 | Duke Energy Carolinas LLC | 5.300 | 02/15/40 | 165,432 | |||||||||||||
| 300,000 | Duke Energy Carolinas LLC | 3.750 | 06/01/45 | 334,210 | |||||||||||||
| 200,000 | Duke Energy Carolinas LLC | 3.875 | 03/15/46 | 225,723 | |||||||||||||
| 1,750,000 | Duke Energy Carolinas LLC | 3.700 | 12/01/47 | 1,943,541 | |||||||||||||
| 1,500,000 | Duke Energy Carolinas LLC | 3.950 | 03/15/48 | 1,735,434 | |||||||||||||
| 1,000,000 | Duke Energy Carolinas LLC | 3.200 | 08/15/49 | 1,037,284 | |||||||||||||
| 1,500,000 | Duke Energy Carolinas LLC | 3.450 | 04/15/51 | 1,621,013 | |||||||||||||
| 300,000 | Duke Energy Corp | 3.950 | 10/15/23 | 318,136 | |||||||||||||
| 1,000,000 | Duke Energy Corp | 0.900 | 09/15/25 | 991,362 | |||||||||||||
| 2,700,000 | Duke Energy Corp | 2.650 | 09/01/26 | 2,848,244 | |||||||||||||
| 350,000 | Duke Energy Corp | 3.150 | 08/15/27 | 376,943 | |||||||||||||
| 1,000,000 | Duke Energy Corp | 2.450 | 06/01/30 | 1,010,618 | |||||||||||||
| 1,000,000 | Duke Energy Corp | 2.550 | 06/15/31 | 1,013,219 | |||||||||||||
| 1,000,000 | Duke Energy Corp | 3.300 | 06/15/41 | 1,015,827 | |||||||||||||
| 300,000 | Duke Energy Corp | 4.800 | 12/15/45 | 371,901 | |||||||||||||
| 3,475,000 | Duke Energy Corp | 3.750 | 09/01/46 | 3,710,691 | |||||||||||||
| 500,000 | Duke Energy Corp | 4.200 | 06/15/49 | 569,197 | |||||||||||||
| 95 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | Duke Energy Corp | 3.500 | % | 06/15/51 | $ | 1,029,706 | ||||||||||
| 750,000 | Duke Energy Corp | 3.250 | 01/15/82 | 746,531 | |||||||||||||
| 1,200,000 | Duke Energy Florida LLC | 3.200 | 01/15/27 | 1,300,868 | |||||||||||||
| 375,000 | Duke Energy Florida LLC | 6.400 | 06/15/38 | 547,271 | |||||||||||||
| 500,000 | Duke Energy Florida LLC | 3.400 | 10/01/46 | 533,910 | |||||||||||||
| 300,000 | Duke Energy Florida LLC | 4.200 | 07/15/48 | 361,018 | |||||||||||||
| 300,000 | Duke Energy Indiana LLC | 3.750 | 05/15/46 | 332,716 | |||||||||||||
| 500,000 | Duke Energy Indiana LLC | 3.250 | 10/01/49 | 517,381 | |||||||||||||
| 275,000 | Duke Energy Indiana LLC | 2.750 | 04/01/50 | 263,020 | |||||||||||||
| 200,000 | Duke Energy Ohio, Inc | 3.650 | 02/01/29 | 219,470 | |||||||||||||
| 25,000 | Duke Energy Ohio, Inc | 2.125 | 06/01/30 | 24,820 | |||||||||||||
| 200,000 | Duke Energy Ohio, Inc | 3.700 | 06/15/46 | 223,399 | |||||||||||||
| 200,000 | Duke Energy Ohio, Inc | 4.300 | 02/01/49 | 245,249 | |||||||||||||
| 300,000 | Duke Energy Progress LLC | 3.375 | 09/01/23 | 315,715 | |||||||||||||
| 300,000 | Duke Energy Progress LLC | 3.250 | 08/15/25 | 323,233 | |||||||||||||
| 300,000 | Duke Energy Progress LLC | 3.700 | 09/01/28 | 334,326 | |||||||||||||
| 5,357,000 | Duke Energy Progress LLC | 3.450 | 03/15/29 | 5,922,343 | |||||||||||||
| 1,500,000 | Duke Energy Progress LLC | 2.000 | 08/15/31 | 1,473,974 | |||||||||||||
| 400,000 | Duke Energy Progress LLC | 4.375 | 03/30/44 | 485,479 | |||||||||||||
| 500,000 | Duke Energy Progress LLC | 4.150 | 12/01/44 | 589,018 | |||||||||||||
| 300,000 | Duke Energy Progress LLC | 4.200 | 08/15/45 | 354,543 | |||||||||||||
| 500,000 | Duke Energy Progress LLC | 3.700 | 10/15/46 | 557,876 | |||||||||||||
| 200,000 | Duke Energy Progress LLC | 3.600 | 09/15/47 | 220,017 | |||||||||||||
| 600,000 | Duke Energy Progress LLC | 2.500 | 08/15/50 | 544,022 | |||||||||||||
| 500,000 | Duke Energy Progress LLC | 2.900 | 08/15/51 | 489,916 | |||||||||||||
| 1,000,000 | DXC Technology Co | 1.800 | 09/15/26 | 998,705 | |||||||||||||
| 1,000,000 | DXC Technology Co | 2.375 | 09/15/28 | 988,220 | |||||||||||||
| 200,000 | Eastern Energy Gas Holdings LLC | 3.550 | 11/01/23 | 210,874 | |||||||||||||
| 250,000 | Eastern Energy Gas Holdings LLC | 2.500 | 11/15/24 | 261,801 | |||||||||||||
| 134,000 | Eastern Energy Gas Holdings LLC | 3.600 | 12/15/24 | 143,714 | |||||||||||||
| 800,000 | Edison International | 3.550 | 11/15/24 | 848,224 | |||||||||||||
| 750,000 | Edison International | 5.750 | 06/15/27 | 863,560 | |||||||||||||
| 300,000 | Edison International | 4.125 | 03/15/28 | 319,845 | |||||||||||||
| 200,000 | El Paso Electric Co | 5.000 | 12/01/44 | 244,432 | |||||||||||||
| 1,075,000 | Emera US Finance LP | 3.550 | 06/15/26 | 1,161,959 | |||||||||||||
| 2,000,000 | e,g | Emera US Finance LP | 2.639 | 06/15/31 | 2,004,031 | ||||||||||||
| 625,000 | Emera US Finance LP | 4.750 | 06/15/46 | 737,487 | |||||||||||||
| 50,000 | Empresa Nacional de Electricidad S.A. | 4.250 | 04/15/24 | 53,369 | |||||||||||||
| 1,500,000 | Enbridge, Inc | 1.600 | 10/04/26 | 1,505,248 | |||||||||||||
| 675,000 | Enel Chile S.A. | 4.875 | 06/12/28 | 772,875 | |||||||||||||
| 400,000 | Enersis Americas S.A. | 4.000 | 10/25/26 | 436,740 | |||||||||||||
| 175,000 | Entergy Arkansas LLC | 3.700 | 06/01/24 | 187,527 | |||||||||||||
| 600,000 | Entergy Arkansas LLC | 3.500 | 04/01/26 | 655,165 | |||||||||||||
| 200,000 | Entergy Arkansas LLC | 4.200 | 04/01/49 | 241,547 | |||||||||||||
| 425,000 | Entergy Arkansas LLC | 2.650 | 06/15/51 | 396,294 | |||||||||||||
| 750,000 | Entergy Arkansas LLC | 3.350 | 06/15/52 | 791,484 | |||||||||||||
| 1,000,000 | Entergy Corp | 0.900 | 09/15/25 | 983,304 | |||||||||||||
| 1,300,000 | Entergy Corp | 2.950 | 09/01/26 | 1,383,016 | |||||||||||||
| 1,000,000 | Entergy Corp | 1.900 | 06/15/28 | 989,478 | |||||||||||||
| 175,000 | Entergy Corp | 2.800 | 06/15/30 | 180,502 | |||||||||||||
| 625,000 | Entergy Corp | 2.400 | 06/15/31 | 619,496 | |||||||||||||
| 500,000 | Entergy Corp | 3.750 | 06/15/50 | 536,054 | |||||||||||||
| 200,000 | Entergy Louisiana LLC | 4.050 | 09/01/23 | 211,430 | |||||||||||||
| 96 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | Entergy Louisiana LLC | 0.620 | % | 11/17/23 | $ | 1,000,170 | ||||||||||
| 200,000 | Entergy Louisiana LLC | 2.400 | 10/01/26 | 208,431 | |||||||||||||
| 200,000 | Entergy Louisiana LLC | 3.120 | 09/01/27 | 215,221 | |||||||||||||
| 1,000,000 | Entergy Louisiana LLC | 1.600 | 12/15/30 | 955,413 | |||||||||||||
| 1,000,000 | Entergy Louisiana LLC | 2.350 | 06/15/32 | 1,002,146 | |||||||||||||
| 500,000 | Entergy Louisiana LLC | 4.000 | 03/15/33 | 574,691 | |||||||||||||
| 1,000,000 | Entergy Louisiana LLC | 3.100 | 06/15/41 | 1,034,269 | |||||||||||||
| 300,000 | Entergy Louisiana LLC | 4.200 | 09/01/48 | 359,533 | |||||||||||||
| 300,000 | Entergy Louisiana LLC | 4.200 | 04/01/50 | 362,781 | |||||||||||||
| 875,000 | Entergy Louisiana LLC | 2.900 | 03/15/51 | 854,051 | |||||||||||||
| 800,000 | Entergy Mississippi LLC | 3.850 | 06/01/49 | 909,072 | |||||||||||||
| 475,000 | Entergy Mississippi LLC | 3.500 | 06/01/51 | 518,630 | |||||||||||||
| 1,000,000 | Entergy Texas, Inc | 4.000 | 03/30/29 | 1,119,157 | |||||||||||||
| 575,000 | Entergy Texas, Inc | 1.750 | 03/15/31 | 544,652 | |||||||||||||
| 200,000 | Entergy Texas, Inc | 4.500 | 03/30/39 | 235,335 | |||||||||||||
| 700,000 | Entergy Texas, Inc | 3.550 | 09/30/49 | 744,448 | |||||||||||||
| 225,000 | Essential Utilities, Inc | 2.704 | 04/15/30 | 232,058 | |||||||||||||
| 1,000,000 | Essential Utilities, Inc | 2.400 | 05/01/31 | 1,005,174 | |||||||||||||
| 300,000 | Essential Utilities, Inc | 3.351 | 04/15/50 | 307,875 | |||||||||||||
| 425,000 | Evergy Kansas Central, Inc | 3.450 | 04/15/50 | 455,140 | |||||||||||||
| 150,000 | Evergy Metro, Inc | 2.250 | 06/01/30 | 151,214 | |||||||||||||
| 1,100,000 | Evergy, Inc | 2.450 | 09/15/24 | 1,150,011 | |||||||||||||
| 100,000 | Evergy, Inc | 2.550 | 07/01/26 | 105,107 | |||||||||||||
| 750,000 | Evergy, Inc | 2.900 | 09/15/29 | 787,103 | |||||||||||||
| 300,000 | Eversource Energy | 3.800 | 12/01/23 | 319,678 | |||||||||||||
| 300,000 | Eversource Energy | 2.900 | 10/01/24 | 317,009 | |||||||||||||
| 100,000 | Eversource Energy | 0.800 | 08/15/25 | 98,464 | |||||||||||||
| 1,000,000 | Eversource Energy | 1.400 | 08/15/26 | 997,427 | |||||||||||||
| 200,000 | Eversource Energy | 3.300 | 01/15/28 | 216,497 | |||||||||||||
| 300,000 | Eversource Energy | 4.250 | 04/01/29 | 342,883 | |||||||||||||
| 100,000 | Eversource Energy | 1.650 | 08/15/30 | 94,974 | |||||||||||||
| 1,000,000 | Eversource Energy | 2.550 | 03/15/31 | 1,013,598 | |||||||||||||
| 1,100,000 | Eversource Energy | 3.450 | 01/15/50 | 1,152,377 | |||||||||||||
| 425,000 | Exelon Corp | 3.400 | 04/15/26 | 460,327 | |||||||||||||
| 500,000 | Exelon Corp | 4.950 | 06/15/35 | 617,949 | |||||||||||||
| 975,000 | Exelon Corp | 4.450 | 04/15/46 | 1,177,563 | |||||||||||||
| 100,000 | Exelon Corp | 4.700 | 04/15/50 | 126,364 | |||||||||||||
| 2,500,000 | Exelon Generation Co LLC | 3.250 | 06/01/25 | 2,666,170 | |||||||||||||
| 900,000 | Exelon Generation Co LLC | 6.250 | 10/01/39 | 1,149,083 | |||||||||||||
| 625,000 | Exelon Generation Co LLC | 5.600 | 06/15/42 | 753,651 | |||||||||||||
| 400,000 | Florida Power & Light Co | 2.750 | 06/01/23 | 411,256 | |||||||||||||
| 500,000 | Florida Power & Light Co | 3.250 | 06/01/24 | 528,444 | |||||||||||||
| 907,000 | Florida Power & Light Co | 3.125 | 12/01/25 | 974,771 | |||||||||||||
| 100,000 | Florida Power & Light Co | 4.125 | 02/01/42 | 120,355 | |||||||||||||
| 200,000 | Florida Power & Light Co | 4.050 | 06/01/42 | 238,049 | |||||||||||||
| 450,000 | Florida Power & Light Co | 3.800 | 12/15/42 | 520,080 | |||||||||||||
| 400,000 | Florida Power & Light Co | 4.050 | 10/01/44 | 479,757 | |||||||||||||
| 500,000 | Florida Power & Light Co | 3.700 | 12/01/47 | 577,170 | |||||||||||||
| 1,675,000 | Florida Power & Light Co | 3.950 | 03/01/48 | 2,022,358 | |||||||||||||
| 500,000 | Florida Power & Light Co | 4.125 | 06/01/48 | 612,788 | |||||||||||||
| 1,100,000 | Florida Power & Light Co | 3.990 | 03/01/49 | 1,318,037 | |||||||||||||
| 400,000 | Florida Power & Light Co | 3.150 | 10/01/49 | 423,542 | |||||||||||||
| 768,000 | Fortis, Inc | 3.055 | 10/04/26 | 824,012 | |||||||||||||
| 225,000 | Georgia Power Co | 2.100 | 07/30/23 | 231,661 | |||||||||||||
| 97 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 600,000 | Georgia Power Co | 2.200 | % | 09/15/24 | $ | 623,139 | ||||||||||
| 100,000 | Georgia Power Co | 3.250 | 04/01/26 | 107,188 | |||||||||||||
| 700,000 | Georgia Power Co | 3.250 | 03/30/27 | 752,934 | |||||||||||||
| 700,000 | Georgia Power Co | 2.650 | 09/15/29 | 729,614 | |||||||||||||
| 625,000 | Georgia Power Co | 4.300 | 03/15/42 | 728,690 | |||||||||||||
| 700,000 | Georgia Power Co | 4.300 | 03/15/43 | 817,225 | |||||||||||||
| 2,500,000 | Georgia Power Co | 3.250 | 03/15/51 | 2,516,494 | |||||||||||||
| 200,000 | Gulf Power Co | 3.300 | 05/30/27 | 219,947 | |||||||||||||
| 250,000 | e | Iberdrola International BV | 5.810 | 03/15/25 | 288,706 | ||||||||||||
| 400,000 | Iberdrola International BV | 6.750 | 07/15/36 | 599,906 | |||||||||||||
| 500,000 | Indiana Michigan Power Co | 3.850 | 05/15/28 | 556,896 | |||||||||||||
| 225,000 | Indiana Michigan Power Co | 4.550 | 03/15/46 | 280,021 | |||||||||||||
| 100,000 | Indiana Michigan Power Co | 3.750 | 07/01/47 | 111,400 | |||||||||||||
| 300,000 | Indiana Michigan Power Co | 4.250 | 08/15/48 | 361,846 | |||||||||||||
| 675,000 | Indiana Michigan Power Co | 3.250 | 05/01/51 | 696,242 | |||||||||||||
| 500,000 | Interstate Power & Light Co | 3.250 | 12/01/24 | 534,004 | |||||||||||||
| 725,000 | Interstate Power & Light Co | 4.100 | 09/26/28 | 824,878 | |||||||||||||
| 325,000 | Interstate Power & Light Co | 3.600 | 04/01/29 | 358,402 | |||||||||||||
| 125,000 | Interstate Power & Light Co | 2.300 | 06/01/30 | 125,508 | |||||||||||||
| 100,000 | Interstate Power & Light Co | 6.250 | 07/15/39 | 141,439 | |||||||||||||
| 100,000 | Interstate Power & Light Co | 3.700 | 09/15/46 | 111,783 | |||||||||||||
| 300,000 | Interstate Power & Light Co | 3.500 | 09/30/49 | 326,333 | |||||||||||||
| 1,000,000 | IPALCO Enterprises, Inc | 3.700 | 09/01/24 | 1,068,198 | |||||||||||||
| 100,000 | IPALCO Enterprises, Inc | 4.250 | 05/01/30 | 112,173 | |||||||||||||
| 300,000 | ITC Holdings Corp | 2.700 | 11/15/22 | 306,935 | |||||||||||||
| 300,000 | ITC Holdings Corp | 3.650 | 06/15/24 | 319,535 | |||||||||||||
| 100,000 | ITC Holdings Corp | 3.250 | 06/30/26 | 107,879 | |||||||||||||
| 900,000 | ITC Holdings Corp | 3.350 | 11/15/27 | 975,640 | |||||||||||||
| 200,000 | Kansas City Power & Light Co | 3.650 | 08/15/25 | 217,018 | |||||||||||||
| 100,000 | Kansas City Power & Light Co | 5.300 | 10/01/41 | 133,131 | |||||||||||||
| 650,000 | Kansas City Power & Light Co | 4.200 | 06/15/47 | 775,985 | |||||||||||||
| 100,000 | Kansas City Power & Light Co | 4.200 | 03/15/48 | 119,783 | |||||||||||||
| 300,000 | Kansas City Power & Light Co | 4.125 | 04/01/49 | 358,253 | |||||||||||||
| 300,000 | Kentucky Utilities Co | 4.375 | 10/01/45 | 362,104 | |||||||||||||
| 400,000 | Kentucky Utilities Co | 3.300 | 06/01/50 | 417,219 | |||||||||||||
| 250,000 | KeySpan Corp | 5.803 | 04/01/35 | 313,668 | |||||||||||||
| 450,000 | h | Life Storage LP | 2.400 | 10/15/31 | 445,635 | ||||||||||||
| 300,000 | Louisville Gas & Electric Co | 4.250 | 04/01/49 | 361,921 | |||||||||||||
| 1,500,000 | MidAmerican Energy Co | 3.100 | 05/01/27 | 1,631,060 | |||||||||||||
| 575,000 | MidAmerican Energy Co | 3.650 | 04/15/29 | 643,413 | |||||||||||||
| 200,000 | MidAmerican Energy Co | 4.800 | 09/15/43 | 257,486 | |||||||||||||
| 200,000 | MidAmerican Energy Co | 4.400 | 10/15/44 | 244,902 | |||||||||||||
| 200,000 | MidAmerican Energy Co | 4.250 | 05/01/46 | 243,310 | |||||||||||||
| 500,000 | MidAmerican Energy Co | 3.950 | 08/01/47 | 584,374 | |||||||||||||
| 1,000,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 1,121,994 | |||||||||||||
| 300,000 | MidAmerican Energy Co | 4.250 | 07/15/49 | 370,737 | |||||||||||||
| 300,000 | MidAmerican Energy Co | 3.150 | 04/15/50 | 314,002 | |||||||||||||
| 1,000,000 | MidAmerican Energy Co | 2.700 | 08/01/52 | 960,623 | |||||||||||||
| 500,000 | Mississippi Power Co | 3.950 | 03/30/28 | 557,044 | |||||||||||||
| 750,000 | Mississippi Power Co | 4.250 | 03/15/42 | 880,959 | |||||||||||||
| 1,000,000 | Mississippi Power Co | 3.100 | 07/30/51 | 988,692 | |||||||||||||
| 200,000 | National Fuel Gas Co | 3.750 | 03/01/23 | 207,063 | |||||||||||||
| 300,000 | National Fuel Gas Co | 5.200 | 07/15/25 | 334,277 | |||||||||||||
| 98 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 300,000 | National Fuel Gas Co | 5.500 | % | 01/15/26 | $ | 345,555 | ||||||||||
| 200,000 | National Fuel Gas Co | 3.950 | 09/15/27 | 215,032 | |||||||||||||
| 200,000 | National Fuel Gas Co | 4.750 | 09/01/28 | 223,867 | |||||||||||||
| 1,100,000 | National Fuel Gas Co | 2.950 | 03/01/31 | 1,113,814 | |||||||||||||
| 1,000,000 | Nevada Power Co | 3.700 | 05/01/29 | 1,115,674 | |||||||||||||
| 500,000 | Nevada Power Co | 2.400 | 05/01/30 | 507,000 | |||||||||||||
| 500,000 | Nevada Power Co | 3.125 | 08/01/50 | 505,878 | |||||||||||||
| 300,000 | NextEra Energy Capital Holdings, Inc | 2.800 | 01/15/23 | 308,673 | |||||||||||||
| 2,000,000 | NextEra Energy Capital Holdings, Inc | 0.650 | 03/01/23 | 2,006,762 | |||||||||||||
| 850,000 | NextEra Energy Capital Holdings, Inc | 3.150 | 04/01/24 | 898,823 | |||||||||||||
| 500,000 | NextEra Energy Capital Holdings, Inc | 2.750 | 05/01/25 | 527,327 | |||||||||||||
| 750,000 | NextEra Energy Capital Holdings, Inc | 3.250 | 04/01/26 | 806,274 | |||||||||||||
| 1,125,000 | NextEra Energy Capital Holdings, Inc | 3.550 | 05/01/27 | 1,234,210 | |||||||||||||
| 2,500,000 | NextEra Energy Capital Holdings, Inc | 1.900 | 06/15/28 | 2,501,572 | |||||||||||||
| 300,000 | NextEra Energy Capital Holdings, Inc | 3.500 | 04/01/29 | 327,760 | |||||||||||||
| 450,000 | NextEra Energy Capital Holdings, Inc | 2.750 | 11/01/29 | 470,813 | |||||||||||||
| 2,980,000 | NextEra Energy Capital Holdings, Inc | 2.250 | 06/01/30 | 2,997,000 | |||||||||||||
| 1,700,000 | NextEra Energy Capital Holdings, Inc | 5.650 | 05/01/79 | 1,994,099 | |||||||||||||
| 500,000 | NiSource, Inc | 0.950 | 08/15/25 | 494,027 | |||||||||||||
| 1,000,000 | NiSource, Inc | 3.490 | 05/15/27 | 1,095,838 | |||||||||||||
| 750,000 | NiSource, Inc | 2.950 | 09/01/29 | 783,764 | |||||||||||||
| 200,000 | NiSource, Inc | 3.600 | 05/01/30 | 219,255 | |||||||||||||
| 800,000 | NiSource, Inc | 1.700 | 02/15/31 | 753,591 | |||||||||||||
| 77,000 | NiSource, Inc | 5.950 | 06/15/41 | 106,164 | |||||||||||||
| 700,000 | NiSource, Inc | 5.250 | 02/15/43 | 907,152 | |||||||||||||
| 450,000 | NiSource, Inc | 4.800 | 02/15/44 | 556,003 | |||||||||||||
| 815,000 | NiSource, Inc | 5.650 | 02/01/45 | 1,117,988 | |||||||||||||
| 350,000 | NiSource, Inc | 4.375 | 05/15/47 | 415,740 | |||||||||||||
| 500,000 | NiSource, Inc | 3.950 | 03/30/48 | 565,797 | |||||||||||||
| 300,000 | Northern States Power Co | 2.600 | 05/15/23 | 307,449 | |||||||||||||
| 600,000 | Northern States Power Co | 2.250 | 04/01/31 | 610,370 | |||||||||||||
| 425,000 | Northern States Power Co | 5.350 | 11/01/39 | 576,967 | |||||||||||||
| 175,000 | Northern States Power Co | 3.600 | 05/15/46 | 195,627 | |||||||||||||
| 1,950,000 | Northern States Power Co | 3.600 | 09/15/47 | 2,180,450 | |||||||||||||
| 325,000 | Northern States Power Co | 2.900 | 03/01/50 | 326,456 | |||||||||||||
| 750,000 | Northern States Power Co | 2.600 | 06/01/51 | 711,142 | |||||||||||||
| 1,000,000 | Northern States Power Co | 3.200 | 04/01/52 | 1,065,836 | |||||||||||||
| 1,000,000 | Northwest Pipeline LLC | 4.000 | 04/01/27 | 1,107,438 | |||||||||||||
| 200,000 | NorthWestern Corp | 4.176 | 11/15/44 | 230,529 | |||||||||||||
| 200,000 | NSTAR Electric Co | 2.375 | 10/15/22 | 203,311 | |||||||||||||
| 1,300,000 | NSTAR Electric Co | 3.200 | 05/15/27 | 1,414,293 | |||||||||||||
| 1,000,000 | NSTAR Electric Co | 1.950 | 08/15/31 | 986,104 | |||||||||||||
| 1,100,000 | NSTAR Electric Co | 3.100 | 06/01/51 | 1,140,882 | |||||||||||||
| 200,000 | Nvent Finance Sarl | 3.950 | 04/15/23 | 208,091 | |||||||||||||
| 200,000 | Nvent Finance Sarl | 4.550 | 04/15/28 | 219,370 | |||||||||||||
| 500,000 | Oglethorpe Power Corp | 5.050 | 10/01/48 | 618,298 | |||||||||||||
| 750,000 | Oglethorpe Power Corp | 3.750 | 08/01/50 | 797,051 | |||||||||||||
| 500,000 | Oglethorpe Power Corp | 5.250 | 09/01/50 | 628,860 | |||||||||||||
| 2,000,000 | e | Ohio Power Co | 1.625 | 01/15/31 | 1,909,408 | ||||||||||||
| 500,000 | Ohio Power Co | 4.150 | 04/01/48 | 594,585 | |||||||||||||
| 1,500,000 | Ohio Power Co | 4.000 | 06/01/49 | 1,747,391 | |||||||||||||
| 1,000,000 | Ohio Power Co | 2.900 | 10/01/51 | 966,267 | |||||||||||||
| 200,000 | Oklahoma Gas & Electric Co | 3.800 | 08/15/28 | 222,737 | |||||||||||||
| 500,000 | Oklahoma Gas & Electric Co | 3.300 | 03/15/30 | 538,925 | |||||||||||||
| 99 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 100,000 | Oklahoma Gas & Electric Co | 3.250 | % | 04/01/30 | $ | 107,604 | ||||||||||
| 200,000 | Oklahoma Gas & Electric Co | 4.150 | 04/01/47 | 236,367 | |||||||||||||
| 200,000 | Oklahoma Gas & Electric Co | 3.850 | 08/15/47 | 227,331 | |||||||||||||
| 500,000 | Oncor Electric Delivery Co LLC | 2.750 | 06/01/24 | 526,940 | |||||||||||||
| 400,000 | Oncor Electric Delivery Co LLC | 2.950 | 04/01/25 | 424,090 | |||||||||||||
| 1,000,000 | Oncor Electric Delivery Co LLC | 0.550 | 10/01/25 | 975,310 | |||||||||||||
| 750,000 | Oncor Electric Delivery Co LLC | 3.700 | 11/15/28 | 847,884 | |||||||||||||
| 1,500,000 | Oncor Electric Delivery Co LLC | 5.750 | 03/15/29 | 1,869,709 | |||||||||||||
| 325,000 | Oncor Electric Delivery Co LLC | 2.750 | 05/15/30 | 344,651 | |||||||||||||
| 100,000 | Oncor Electric Delivery Co LLC | 5.250 | 09/30/40 | 134,702 | |||||||||||||
| 550,000 | Oncor Electric Delivery Co LLC | 4.550 | 12/01/41 | 688,514 | |||||||||||||
| 56,000 | Oncor Electric Delivery Co LLC | 5.300 | 06/01/42 | 76,349 | |||||||||||||
| 300,000 | Oncor Electric Delivery Co LLC | 3.750 | 04/01/45 | 341,265 | |||||||||||||
| 400,000 | Oncor Electric Delivery Co LLC | 3.800 | 09/30/47 | 459,922 | |||||||||||||
| 200,000 | Oncor Electric Delivery Co LLC | 4.100 | 11/15/48 | 240,262 | |||||||||||||
| 500,000 | Oncor Electric Delivery Co LLC | 3.800 | 06/01/49 | 584,692 | |||||||||||||
| 500,000 | Oncor Electric Delivery Co LLC | 3.100 | 09/15/49 | 522,011 | |||||||||||||
| 200,000 | Oncor Electric Delivery Co LLC | 3.700 | 05/15/50 | 229,244 | |||||||||||||
| 164,000 | Oncor Electric Delivery Co LLC | 5.350 | 10/01/52 | 239,682 | |||||||||||||
| 137,000 | ONE Gas, Inc | 3.610 | 02/01/24 | 144,582 | |||||||||||||
| 2,000,000 | ONE Gas, Inc | 1.100 | 03/11/24 | 2,000,098 | |||||||||||||
| 100,000 | ONE Gas, Inc | 2.000 | 05/15/30 | 97,936 | |||||||||||||
| 100,000 | ONE Gas, Inc | 4.658 | 02/01/44 | 123,303 | |||||||||||||
| 500,000 | ONE Gas, Inc | 4.500 | 11/01/48 | 607,442 | |||||||||||||
| 1,575,000 | ONEOK Partners LP | 3.375 | 10/01/22 | 1,607,909 | |||||||||||||
| 200,000 | ONEOK Partners LP | 5.000 | 09/15/23 | 213,999 | |||||||||||||
| 700,000 | ONEOK Partners LP | 4.900 | 03/15/25 | 776,244 | |||||||||||||
| 130,000 | ONEOK Partners LP | 6.650 | 10/01/36 | 174,424 | |||||||||||||
| 250,000 | ONEOK Partners LP | 6.850 | 10/15/37 | 339,936 | |||||||||||||
| 100,000 | ONEOK Partners LP | 6.125 | 02/01/41 | 128,552 | |||||||||||||
| 5,000,000 | Pacific Gas and Electric Co | 3.150 | 01/01/26 | 5,166,560 | |||||||||||||
| 3,000,000 | Pacific Gas and Electric Co | 2.100 | 08/01/27 | 2,927,726 | |||||||||||||
| 1,500,000 | Pacific Gas and Electric Co | 3.000 | 06/15/28 | 1,526,410 | |||||||||||||
| 3,000,000 | Pacific Gas and Electric Co | 4.550 | 07/01/30 | 3,243,990 | |||||||||||||
| 4,000,000 | Pacific Gas and Electric Co | 2.500 | 02/01/31 | 3,807,108 | |||||||||||||
| 1,000,000 | Pacific Gas and Electric Co | 3.250 | 06/01/31 | 996,366 | |||||||||||||
| 750,000 | Pacific Gas and Electric Co | 4.500 | 07/01/40 | 765,556 | |||||||||||||
| 1,000,000 | Pacific Gas and Electric Co | 3.300 | 08/01/40 | 922,719 | |||||||||||||
| 1,500,000 | Pacific Gas and Electric Co | 4.200 | 06/01/41 | 1,473,292 | |||||||||||||
| 2,200,000 | Pacific Gas and Electric Co | 4.950 | 07/01/50 | 2,340,514 | |||||||||||||
| 3,300,000 | Pacific Gas and Electric Co | 3.500 | 08/01/50 | 3,001,136 | |||||||||||||
| 500,000 | PacifiCorp | 3.500 | 06/15/29 | 550,979 | |||||||||||||
| 500,000 | PacifiCorp | 2.700 | 09/15/30 | 520,421 | |||||||||||||
| 850,000 | PacifiCorp | 6.000 | 01/15/39 | 1,184,868 | |||||||||||||
| 300,000 | PacifiCorp | 4.125 | 01/15/49 | 353,131 | |||||||||||||
| 1,300,000 | PacifiCorp | 4.150 | 02/15/50 | 1,545,285 | |||||||||||||
| 250,000 | PacifiCorp | 3.300 | 03/15/51 | 259,630 | |||||||||||||
| 2,000,000 | PacifiCorp | 2.900 | 06/15/52 | 1,946,288 | |||||||||||||
| 200,000 | PECO Energy Co | 3.150 | 10/15/25 | 215,349 | |||||||||||||
| 200,000 | PECO Energy Co | 4.150 | 10/01/44 | 237,705 | |||||||||||||
| 200,000 | PECO Energy Co | 3.700 | 09/15/47 | 224,257 | |||||||||||||
| 1,200,000 | PECO Energy Co | 3.900 | 03/01/48 | 1,388,620 | |||||||||||||
| 125,000 | PECO Energy Co | 3.000 | 09/15/49 | 125,502 | |||||||||||||
| 100 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 100,000 | PECO Energy Co | 2.800 | % | 06/15/50 | $ | 98,018 | ||||||||||
| 475,000 | PECO Energy Co | 3.050 | 03/15/51 | 483,354 | |||||||||||||
| 1,000,000 | PECO Energy Co | 2.850 | 09/15/51 | 981,133 | |||||||||||||
| 1,000,000 | Piedmont Natural Gas Co, Inc | 2.500 | 03/15/31 | 1,005,321 | |||||||||||||
| 200,000 | Piedmont Natural Gas Co, Inc | 4.650 | 08/01/43 | 241,576 | |||||||||||||
| 1,600,000 | Piedmont Natural Gas Co, Inc | 3.350 | 06/01/50 | 1,634,489 | |||||||||||||
| 1,000,000 | Pinnacle West Capital Corp | 1.300 | 06/15/25 | 1,001,399 | |||||||||||||
| 200,000 | Potomac Electric Power Co | 3.600 | 03/15/24 | 212,663 | |||||||||||||
| 900,000 | Potomac Electric Power Co | 4.150 | 03/15/43 | 1,065,879 | |||||||||||||
| 950,000 | PPL Capital Funding, Inc | 3.100 | 05/15/26 | 1,012,081 | |||||||||||||
| 200,000 | PPL Electric Utilities Corp | 4.125 | 06/15/44 | 236,384 | |||||||||||||
| 275,000 | PPL Electric Utilities Corp | 4.150 | 10/01/45 | 329,528 | |||||||||||||
| 500,000 | PPL Electric Utilities Corp | 3.950 | 06/01/47 | 592,694 | |||||||||||||
| 200,000 | PPL Electric Utilities Corp | 4.150 | 06/15/48 | 243,671 | |||||||||||||
| 525,000 | PPL Electric Utilities Corp | 3.000 | 10/01/49 | 537,114 | |||||||||||||
| 1,000,000 | h | Providence St. Joseph Health Obligated Group | 2.700 | 10/01/51 | 953,316 | ||||||||||||
| 1,342,000 | PSEG Power LLC | 3.850 | 06/01/23 | 1,411,688 | |||||||||||||
| 250,000 | Public Service Co of Colorado | 3.700 | 06/15/28 | 278,275 | |||||||||||||
| 1,000,000 | Public Service Co of Colorado | 1.900 | 01/15/31 | 985,947 | |||||||||||||
| 1,050,000 | Public Service Co of Colorado | 1.875 | 06/15/31 | 1,031,972 | |||||||||||||
| 200,000 | Public Service Co of Colorado | 3.800 | 06/15/47 | 228,662 | |||||||||||||
| 100,000 | Public Service Co of Colorado | 4.100 | 06/15/48 | 120,798 | |||||||||||||
| 300,000 | Public Service Co of Colorado | 4.050 | 09/15/49 | 362,931 | |||||||||||||
| 400,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 423,913 | |||||||||||||
| 350,000 | Public Service Co of Colorado | 2.700 | 01/15/51 | 338,869 | |||||||||||||
| 1,200,000 | Public Service Co of New Hampshire | 2.200 | 06/15/31 | 1,209,351 | |||||||||||||
| 100,000 | Public Service Co of New Hampshire | 3.600 | 07/01/49 | 112,393 | |||||||||||||
| 500,000 | Public Service Co of Oklahoma | 2.200 | 08/15/31 | 493,167 | |||||||||||||
| 500,000 | Public Service Co of Oklahoma | 3.150 | 08/15/51 | 497,820 | |||||||||||||
| 300,000 | Public Service Electric & Gas Co | 3.250 | 09/01/23 | 315,398 | |||||||||||||
| 300,000 | Public Service Electric & Gas Co | 2.250 | 09/15/26 | 312,854 | |||||||||||||
| 450,000 | Public Service Electric & Gas Co | 3.000 | 05/15/27 | 488,560 | |||||||||||||
| 250,000 | Public Service Electric & Gas Co | 3.700 | 05/01/28 | 279,792 | |||||||||||||
| 500,000 | Public Service Electric & Gas Co | 3.200 | 05/15/29 | 545,356 | |||||||||||||
| 500,000 | Public Service Electric & Gas Co | 2.450 | 01/15/30 | 517,926 | |||||||||||||
| 200,000 | Public Service Electric & Gas Co | 3.800 | 01/01/43 | 228,110 | |||||||||||||
| 600,000 | Public Service Electric & Gas Co | 3.800 | 03/01/46 | 690,456 | |||||||||||||
| 200,000 | Public Service Electric & Gas Co | 3.600 | 12/01/47 | 225,419 | |||||||||||||
| 250,000 | Public Service Electric & Gas Co | 4.050 | 05/01/48 | 299,774 | |||||||||||||
| 500,000 | Public Service Electric & Gas Co | 3.850 | 05/01/49 | 581,195 | |||||||||||||
| 575,000 | Public Service Electric & Gas Co | 3.200 | 08/01/49 | 601,688 | |||||||||||||
| 500,000 | Public Service Electric & Gas Co | 3.150 | 01/01/50 | 521,663 | |||||||||||||
| 175,000 | Public Service Electric & Gas Co | 2.700 | 05/01/50 | 168,512 | |||||||||||||
| 425,000 | Public Service Electric & Gas Co | 2.050 | 08/01/50 | 365,299 | |||||||||||||
| 1,000,000 | Public Service Electric and Gas Co | 0.950 | 03/15/26 | 993,839 | |||||||||||||
| 1,000,000 | Public Service Electric and Gas Co | 1.900 | 08/15/31 | 983,725 | |||||||||||||
| 2,000,000 | Public Service Electric and Gas Co | 3.000 | 03/01/51 | 2,054,455 | |||||||||||||
| 400,000 | Public Service Enterprise Group, Inc | 0.800 | 08/15/25 | 393,257 | |||||||||||||
| 400,000 | Public Service Enterprise Group, Inc | 1.600 | 08/15/30 | 378,485 | |||||||||||||
| 1,585,000 | Puget Energy, Inc | 3.650 | 05/15/25 | 1,692,428 | |||||||||||||
| 1,000,000 | g | Puget Energy, Inc | 2.379 | 06/15/28 | 1,000,221 | ||||||||||||
| 1,000,000 | Puget Energy, Inc | 4.100 | 06/15/30 | 1,101,113 | |||||||||||||
| 250,000 | Puget Sound Energy, Inc | 5.757 | 10/01/39 | 341,483 | |||||||||||||
| 200,000 | Puget Sound Energy, Inc | 4.300 | 05/20/45 | 240,603 | |||||||||||||
| 101 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 725,000 | Puget Sound Energy, Inc | 4.223 | % | 06/15/48 | $ | 870,892 | ||||||||||
| 275,000 | Puget Sound Energy, Inc | 3.250 | 09/15/49 | 283,576 | |||||||||||||
| 750,000 | Puget Sound Energy, Inc | 2.893 | 09/15/51 | 726,572 | |||||||||||||
| 400,000 | San Diego Gas & Electric Co | 3.600 | 09/01/23 | 421,810 | |||||||||||||
| 800,000 | San Diego Gas & Electric Co | 2.500 | 05/15/26 | 841,487 | |||||||||||||
| 500,000 | San Diego Gas & Electric Co | 1.700 | 10/01/30 | 481,491 | |||||||||||||
| 300,000 | San Diego Gas & Electric Co | 3.750 | 06/01/47 | 338,980 | |||||||||||||
| 300,000 | San Diego Gas & Electric Co | 4.150 | 05/15/48 | 360,052 | |||||||||||||
| 750,000 | San Diego Gas & Electric Co | 4.100 | 06/15/49 | 882,677 | |||||||||||||
| 675,000 | San Diego Gas & Electric Co | 2.950 | 08/15/51 | 668,925 | |||||||||||||
| 500,000 | Sempra Energy | 2.900 | 02/01/23 | 514,745 | |||||||||||||
| 500,000 | Sempra Energy | 4.050 | 12/01/23 | 532,533 | |||||||||||||
| 200,000 | Sempra Energy | 3.750 | 11/15/25 | 217,361 | |||||||||||||
| 1,525,000 | Sempra Energy | 3.250 | 06/15/27 | 1,651,931 | |||||||||||||
| 675,000 | Sempra Energy | 3.400 | 02/01/28 | 727,988 | |||||||||||||
| 825,000 | Sempra Energy | 3.800 | 02/01/38 | 913,034 | |||||||||||||
| 125,000 | Sempra Energy | 6.000 | 10/15/39 | 171,793 | |||||||||||||
| 850,000 | Sempra Energy | 4.000 | 02/01/48 | 949,889 | |||||||||||||
| 869,000 | Sierra Pacific Power Co | 2.600 | 05/01/26 | 917,999 | |||||||||||||
| 50,000 | South Carolina Electric & Gas Co | 5.300 | 05/15/33 | 64,239 | |||||||||||||
| 125,000 | South Carolina Electric & Gas Co | 5.450 | 02/01/41 | 169,228 | |||||||||||||
| 800,000 | South Carolina Electric & Gas Co | 4.600 | 06/15/43 | 999,974 | |||||||||||||
| 100,000 | Southern California Edison Co | 3.400 | 06/01/23 | 104,401 | |||||||||||||
| 500,000 | Southern California Edison Co | 0.700 | 08/01/23 | 500,776 | |||||||||||||
| 1,000,000 | Southern California Edison Co | 1.100 | 04/01/24 | 1,004,831 | |||||||||||||
| 500,000 | Southern California Edison Co | 0.975 | 08/01/24 | 501,345 | |||||||||||||
| 500,000 | Southern California Edison Co | 3.700 | 08/01/25 | 543,640 | |||||||||||||
| 1,000,000 | Southern California Edison Co | 1.200 | 02/01/26 | 991,092 | |||||||||||||
| 750,000 | Southern California Edison Co | 3.650 | 03/01/28 | 812,064 | |||||||||||||
| 500,000 | Southern California Edison Co | 4.200 | 03/01/29 | 560,217 | |||||||||||||
| 600,000 | Southern California Edison Co | 2.850 | 08/01/29 | 622,533 | |||||||||||||
| 1,750,000 | Southern California Edison Co | 2.250 | 06/01/30 | 1,717,893 | |||||||||||||
| 1,500,000 | Southern California Edison Co | 2.500 | 06/01/31 | 1,505,297 | |||||||||||||
| 185,000 | Southern California Edison Co | 6.050 | 03/15/39 | 247,124 | |||||||||||||
| 300,000 | Southern California Edison Co | 4.500 | 09/01/40 | 339,436 | |||||||||||||
| 825,000 | Southern California Edison Co | 4.650 | 10/01/43 | 952,052 | |||||||||||||
| 450,000 | Southern California Edison Co | 3.600 | 02/01/45 | 454,661 | |||||||||||||
| 1,937,000 | Southern California Edison Co | 4.000 | 04/01/47 | 2,077,134 | |||||||||||||
| 1,675,000 | Southern California Edison Co | 4.125 | 03/01/48 | 1,825,177 | |||||||||||||
| 925,000 | Southern California Edison Co | 3.650 | 02/01/50 | 945,031 | |||||||||||||
| 1,500,000 | Southern California Edison Co | 2.950 | 02/01/51 | 1,369,689 | |||||||||||||
| 1,000,000 | Southern California Edison Co | 3.650 | 06/01/51 | 1,026,250 | |||||||||||||
| 200,000 | Southern California Gas Co | 3.200 | 06/15/25 | 213,603 | |||||||||||||
| 200,000 | Southern California Gas Co | 2.600 | 06/15/26 | 211,484 | |||||||||||||
| 500,000 | Southern California Gas Co | 2.550 | 02/01/30 | 513,663 | |||||||||||||
| 150,000 | Southern California Gas Co | 3.750 | 09/15/42 | 167,143 | |||||||||||||
| 500,000 | Southern California Gas Co | 4.125 | 06/01/48 | 594,812 | |||||||||||||
| 300,000 | Southern California Gas Co | 4.300 | 01/15/49 | 370,807 | |||||||||||||
| 500,000 | Southern California Gas Co | 3.950 | 02/15/50 | 584,125 | |||||||||||||
| 425,000 | Southern Co | 2.950 | 07/01/23 | 441,203 | |||||||||||||
| 2,325,000 | Southern Co | 3.250 | 07/01/26 | 2,501,857 | |||||||||||||
| 1,500,000 | Southern Co | 1.750 | 03/15/28 | 1,483,225 | |||||||||||||
| 2,500,000 | Southern Co | 3.700 | 04/30/30 | 2,744,949 | |||||||||||||
| 102 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 400,000 | Southern Co | 4.250 | % | 07/01/36 | $ | 460,352 | ||||||||||
| 2,300,000 | Southern Co | 4.400 | 07/01/46 | 2,704,225 | |||||||||||||
| 1,000,000 | Southern Co | 4.000 | 01/15/51 | 1,057,070 | |||||||||||||
| 1,500,000 | Southern Co | 3.750 | 09/15/51 | 1,528,200 | |||||||||||||
| 200,000 | Southern Co Gas Capital Corp | 2.450 | 10/01/23 | 207,121 | |||||||||||||
| 400,000 | Southern Co Gas Capital Corp | 3.250 | 06/15/26 | 429,107 | |||||||||||||
| 500,000 | Southern Co Gas Capital Corp | 1.750 | 01/15/31 | 475,988 | |||||||||||||
| 275,000 | Southern Co Gas Capital Corp | 4.400 | 06/01/43 | 322,019 | |||||||||||||
| 100,000 | Southern Co Gas Capital Corp | 3.950 | 10/01/46 | 110,863 | |||||||||||||
| 900,000 | Southern Co Gas Capital Corp | 4.400 | 05/30/47 | 1,057,993 | |||||||||||||
| 175,000 | e | Southern Co Gas Capital Corp | 3.150 | 09/30/51 | 175,284 | ||||||||||||
| 200,000 | Southern Power Co | 4.150 | 12/01/25 | 221,595 | |||||||||||||
| 950,000 | Southern Power Co | 0.900 | 01/15/26 | 931,624 | |||||||||||||
| 300,000 | Southern Power Co | 4.950 | 12/15/46 | 364,750 | |||||||||||||
| 150,000 | Southwest Gas Corp | 3.700 | 04/01/28 | 165,127 | |||||||||||||
| 100,000 | Southwest Gas Corp | 2.200 | 06/15/30 | 98,606 | |||||||||||||
| 100,000 | Southwest Gas Corp | 3.800 | 09/29/46 | 107,174 | |||||||||||||
| 500,000 | Southwest Gas Corp | 4.150 | 06/01/49 | 563,225 | |||||||||||||
| 1,000,000 | Southwest Gas Corp | 3.180 | 08/15/51 | 959,311 | |||||||||||||
| 1,000,000 | Southwestern Electric Power Co | 1.650 | 03/15/26 | 1,006,907 | |||||||||||||
| 500,000 | Southwestern Electric Power Co | 2.750 | 10/01/26 | 525,840 | |||||||||||||
| 675,000 | Southwestern Electric Power Co | 4.100 | 09/15/28 | 761,598 | |||||||||||||
| 750,000 | Southwestern Electric Power Co | 3.850 | 02/01/48 | 820,725 | |||||||||||||
| 600,000 | Southwestern Public Service Co | 4.500 | 08/15/41 | 730,815 | |||||||||||||
| 300,000 | Southwestern Public Service Co | 3.400 | 08/15/46 | 318,722 | |||||||||||||
| 225,000 | Southwestern Public Service Co | 3.700 | 08/15/47 | 250,290 | |||||||||||||
| 200,000 | Southwestern Public Service Co | 4.400 | 11/15/48 | 249,744 | |||||||||||||
| 750,000 | Southwestern Public Service Co | 3.750 | 06/15/49 | 851,730 | |||||||||||||
| 650,000 | Southwestern Public Service Co | 3.150 | 05/01/50 | 681,086 | |||||||||||||
| 1,500,000 | Spire Missouri, Inc | 3.300 | 06/01/51 | 1,587,141 | |||||||||||||
| 700,000 | Suzano Austria GmbH | 2.500 | 09/15/28 | 680,750 | |||||||||||||
| 1,000,000 | Tampa Electric Co | 2.400 | 03/15/31 | 1,013,792 | |||||||||||||
| 100,000 | Tampa Electric Co | 4.100 | 06/15/42 | 115,198 | |||||||||||||
| 175,000 | Tampa Electric Co | 4.350 | 05/15/44 | 210,193 | |||||||||||||
| 200,000 | Tampa Electric Co | 4.300 | 06/15/48 | 243,039 | |||||||||||||
| 200,000 | Tampa Electric Co | 4.450 | 06/15/49 | 247,066 | |||||||||||||
| 575,000 | Tampa Electric Co | 3.625 | 06/15/50 | 639,961 | |||||||||||||
| 925,000 | Tampa Electric Co | 3.450 | 03/15/51 | 989,027 | |||||||||||||
| 300,000 | TC PipeLines LP | 4.375 | 03/13/25 | 326,554 | |||||||||||||
| 350,000 | TC PipeLines LP | 3.900 | 05/25/27 | 388,299 | |||||||||||||
| 200,000 | Tucson Electric Power Co | 3.050 | 03/15/25 | 212,030 | |||||||||||||
| 125,000 | Tucson Electric Power Co | 1.500 | 08/01/30 | 118,255 | |||||||||||||
| 200,000 | Tucson Electric Power Co | 4.850 | 12/01/48 | 257,169 | |||||||||||||
| 500,000 | Tucson Electric Power Co | 4.000 | 06/15/50 | 582,050 | |||||||||||||
| 2,000,000 | Tucson Electric Power Co | 3.250 | 05/01/51 | 2,067,776 | |||||||||||||
| 200,000 | Union Electric Co | 2.950 | 06/15/27 | 213,693 | |||||||||||||
| 300,000 | Union Electric Co | 3.500 | 03/15/29 | 330,754 | |||||||||||||
| 500,000 | Union Electric Co | 2.950 | 03/15/30 | 532,068 | |||||||||||||
| 1,000,000 | Union Electric Co | 2.150 | 03/15/32 | 990,969 | |||||||||||||
| 100,000 | Union Electric Co | 8.450 | 03/15/39 | 169,587 | |||||||||||||
| 100,000 | Union Electric Co | 3.900 | 09/15/42 | 113,399 | |||||||||||||
| 100,000 | Union Electric Co | 3.650 | 04/15/45 | 111,483 | |||||||||||||
| 200,000 | Union Electric Co | 4.000 | 04/01/48 | 235,076 | |||||||||||||
| 1,000,000 | Union Electric Co | 3.250 | 10/01/49 | 1,050,020 | |||||||||||||
| 103 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 675,000 | Union Electric Co | 2.625 | % | 03/15/51 | $ | 639,639 | ||||||||||
| 100,000 | United Utilities plc | 6.875 | 08/15/28 | 128,012 | |||||||||||||
| 409,000 | Virginia Electric & Power Co | 2.750 | 03/15/23 | 420,747 | |||||||||||||
| 500,000 | Virginia Electric & Power Co | 3.450 | 02/15/24 | 529,846 | |||||||||||||
| 1,850,000 | Virginia Electric & Power Co | 3.150 | 01/15/26 | 1,991,112 | |||||||||||||
| 900,000 | Virginia Electric & Power Co | 2.950 | 11/15/26 | 965,954 | |||||||||||||
| 1,750,000 | Virginia Electric & Power Co | 3.500 | 03/15/27 | 1,931,432 | |||||||||||||
| 3,000,000 | Virginia Electric & Power Co | 3.800 | 04/01/28 | 3,349,020 | |||||||||||||
| 1,000,000 | Virginia Electric & Power Co | 2.875 | 07/15/29 | 1,061,316 | |||||||||||||
| 250,000 | Virginia Electric & Power Co | 4.650 | 08/15/43 | 310,921 | |||||||||||||
| 400,000 | Virginia Electric & Power Co | 4.450 | 02/15/44 | 486,871 | |||||||||||||
| 200,000 | Virginia Electric & Power Co | 4.200 | 05/15/45 | 238,139 | |||||||||||||
| 1,100,000 | Virginia Electric & Power Co | 4.000 | 11/15/46 | 1,270,794 | |||||||||||||
| 700,000 | Virginia Electric & Power Co | 3.800 | 09/15/47 | 789,905 | |||||||||||||
| 1,300,000 | Virginia Electric & Power Co | 4.600 | 12/01/48 | 1,664,671 | |||||||||||||
| 500,000 | Virginia Electric & Power Co | 3.300 | 12/01/49 | 524,751 | |||||||||||||
| 500,000 | Virginia Electric and Power Co | 2.450 | 12/15/50 | 447,920 | |||||||||||||
| 200,000 | Washington Gas Light Co | 3.796 | 09/15/46 | 226,904 | |||||||||||||
| 700,000 | Washington Gas Light Co | 3.650 | 09/15/49 | 785,285 | |||||||||||||
| 1,000,000 | WEC Energy Group, Inc | 0.550 | 09/15/23 | 999,919 | |||||||||||||
| 1,277,000 | WEC Energy Group, Inc | 3.550 | 06/15/25 | 1,380,271 | |||||||||||||
| 500,000 | WEC Energy Group, Inc | 1.375 | 10/15/27 | 491,497 | |||||||||||||
| 500,000 | WEC Energy Group, Inc | 1.800 | 10/15/30 | 478,759 | |||||||||||||
| 500,000 | Westar Energy, Inc | 4.125 | 03/01/42 | 580,531 | |||||||||||||
| 175,000 | Westar Energy, Inc | 4.100 | 04/01/43 | 203,724 | |||||||||||||
| 375,000 | Westar Energy, Inc | 3.250 | 09/01/49 | 389,464 | |||||||||||||
| 175,000 | Wisconsin Electric Power Co | 2.050 | 12/15/24 | 181,870 | |||||||||||||
| 1,000,000 | Wisconsin Electric Power Co | 1.700 | 06/15/28 | 996,239 | |||||||||||||
| 200,000 | Wisconsin Electric Power Co | 5.625 | 05/15/33 | 260,644 | |||||||||||||
| 200,000 | Wisconsin Electric Power Co | 4.300 | 10/15/48 | 246,985 | |||||||||||||
| 325,000 | Wisconsin Power & Light Co | 3.050 | 10/15/27 | 349,516 | |||||||||||||
| 500,000 | Wisconsin Power & Light Co | 3.000 | 07/01/29 | 535,878 | |||||||||||||
| 225,000 | Wisconsin Power & Light Co | 3.650 | 04/01/50 | 255,305 | |||||||||||||
| 1,000,000 | Wisconsin Power and Light Co | 1.950 | 09/16/31 | 983,988 | |||||||||||||
| 200,000 | Wisconsin Public Service Corp | 4.752 | 11/01/44 | 253,851 | |||||||||||||
| 300,000 | Wisconsin Public Service Corp | 3.300 | 09/01/49 | 315,074 | |||||||||||||
| 700,000 | Xcel Energy, Inc | 0.500 | 10/15/23 | 700,784 | |||||||||||||
| 750,000 | Xcel Energy, Inc | 3.350 | 12/01/26 | 811,226 | |||||||||||||
| 900,000 | Xcel Energy, Inc | 4.000 | 06/15/28 | 1,010,263 | |||||||||||||
| 200,000 | Xcel Energy, Inc | 4.800 | 09/15/41 | 245,859 | |||||||||||||
| 500,000 | Xcel Energy, Inc | 3.500 | 12/01/49 | 532,935 | |||||||||||||
| 1,000,000 | Yale Haven Health Services Corp | 2.496 | 07/01/50 | 926,461 | |||||||||||||
| TOTAL UTILITIES | 492,705,135 | ||||||||||||||||
| TOTAL CORPORATE BONDS | 5,631,786,923 | ||||||||||||||||
| (Cost $5,295,406,834) | |||||||||||||||||
| GOVERNMENT BONDS - 70.3% | |||||||||||||||||
| AGENCY SECURITIES - 1.3% | |||||||||||||||||
| 3,000,000 | Federal Farm Credit Bank (FFCB) | 0.125 | 11/23/22 | 2,999,972 | |||||||||||||
| 20,000,000 | FFCB | 0.125 | 02/03/23 | 19,987,147 | |||||||||||||
| 7,100,000 | FFCB | 0.125 | 05/10/23 | 7,092,291 | |||||||||||||
| 104 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 3,000,000 | FFCB | 2.875 | % | 07/17/23 | $ | 3,139,233 | ||||||||||
| 10,000,000 | FFCB | 0.300 | 09/01/23 | 9,998,911 | |||||||||||||
| 1,145,000 | FFCB | 3.500 | 12/20/23 | 1,223,525 | |||||||||||||
| 1,670,000 | FFCB | 0.250 | 02/26/24 | 1,665,683 | |||||||||||||
| 5,000,000 | FFCB | 1.650 | 07/23/35 | 4,754,113 | |||||||||||||
| 6,650,000 | Federal Home Loan Bank (FHLB) | 0.125 | 08/12/22 | 6,651,523 | |||||||||||||
| 5,000,000 | FHLB | 0.125 | 10/21/22 | 4,999,900 | |||||||||||||
| 1,800,000 | FHLB | 0.125 | 03/17/23 | 1,798,787 | |||||||||||||
| 3,200,000 | FHLB | 0.125 | 06/02/23 | 3,192,191 | |||||||||||||
| 10,000,000 | FHLB | 0.500 | 04/14/25 | 9,940,872 | |||||||||||||
| 2,000,000 | FHLB | 0.375 | 09/04/25 | 1,967,539 | |||||||||||||
| 13,875,000 | FHLB | 3.250 | 11/16/28 | 15,647,834 | |||||||||||||
| 3,000,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.375 | 05/05/23 | 3,005,966 | |||||||||||||
| 12,625,000 | FHLMC | 2.750 | 06/19/23 | 13,167,154 | |||||||||||||
| 7,000,000 | FHLMC | 0.250 | 08/24/23 | 6,997,203 | |||||||||||||
| 3,250,000 | FHLMC | 0.250 | 09/08/23 | 3,247,667 | |||||||||||||
| 6,750,000 | FHLMC | 0.125 | 10/16/23 | 6,724,292 | |||||||||||||
| 4,000,000 | FHLMC | 0.250 | 11/06/23 | 3,994,476 | |||||||||||||
| 3,782,000 | FHLMC | 0.250 | 12/04/23 | 3,773,837 | |||||||||||||
| 10,000,000 | FHLMC | 1.500 | 02/12/25 | 10,288,107 | |||||||||||||
| 6,000,000 | FHLMC | 0.375 | 07/21/25 | 5,921,174 | |||||||||||||
| 5,000,000 | FHLMC | 0.375 | 09/23/25 | 4,918,636 | |||||||||||||
| 1,002,011 | i | Federal National Mortgage Association (FNMA) | 2.301 | 09/25/22 | 1,016,956 | ||||||||||||
| 1,000,000 | FNMA | 2.000 | 10/05/22 | 1,019,297 | |||||||||||||
| 10,000,000 | FNMA | 2.375 | 01/19/23 | 10,282,916 | |||||||||||||
| 5,250,000 | FNMA | 0.250 | 07/10/23 | 5,248,765 | |||||||||||||
| 1,000,000 | FNMA | 2.875 | 09/12/23 | 1,050,709 | |||||||||||||
| 3,000,000 | FNMA | 0.250 | 11/27/23 | 2,996,428 | |||||||||||||
| 2,500,000 | FNMA | 2.500 | 02/05/24 | 2,625,710 | |||||||||||||
| 5,000,000 | FNMA | 1.750 | 07/02/24 | 5,175,237 | |||||||||||||
| 13,700,000 | FNMA | 2.625 | 09/06/24 | 14,556,390 | |||||||||||||
| 3,000,000 | FNMA | 1.625 | 01/07/25 | 3,102,612 | |||||||||||||
| 4,000,000 | FNMA | 0.625 | 04/22/25 | 3,992,063 | |||||||||||||
| 10,000,000 | FNMA | 0.375 | 08/25/25 | 9,846,788 | |||||||||||||
| 4,500,000 | FNMA | 0.500 | 11/07/25 | 4,441,718 | |||||||||||||
| 4,000,000 | FNMA | 1.875 | 09/24/26 | 4,175,230 | |||||||||||||
| 3,000,000 | FNMA | 0.750 | 10/08/27 | 2,920,280 | |||||||||||||
| 10,000,000 | FNMA | 0.875 | 08/05/30 | 9,413,540 | |||||||||||||
| 5,000,000 | FNMA | 6.625 | 11/15/30 | 7,138,621 | |||||||||||||
| 1,000,000 | FNMA | 5.625 | 07/15/37 | 1,491,785 | |||||||||||||
| 1,300,000 | Hashemite Kingdom of Jordan Government AID Bond | 3.000 | 06/30/25 | 1,391,081 | |||||||||||||
| 800,000 | Israel Government AID International Bond | 5.500 | 09/18/23 | 880,099 | |||||||||||||
| 300,000 | Israel Government AID International Bond | 5.500 | 04/26/24 | 336,988 | |||||||||||||
| 400,000 | Private Export Funding Corp (PEFCO) | 2.050 | 11/15/22 | 407,617 | |||||||||||||
| 250,000 | PEFCO | 1.750 | 11/15/24 | 258,291 | |||||||||||||
| 200,000 | PEFCO | 3.250 | 06/15/25 | 214,195 | |||||||||||||
| 5,000,000 | Tennessee Valley Authority | 1.500 | 09/15/31 | 4,926,092 | |||||||||||||
| 750,000 | Tennessee Valley Authority (TVA) | 2.875 | 09/15/24 | 801,193 | |||||||||||||
| 2,000,000 | TVA | 0.750 | 05/15/25 | 2,002,678 | |||||||||||||
| 1,425,000 | TVA | 2.875 | 02/01/27 | 1,552,853 | |||||||||||||
| 500,000 | TVA | 5.880 | 04/01/36 | 732,374 | |||||||||||||
| 500,000 | TVA | 5.500 | 06/15/38 | 722,276 | |||||||||||||
| 4,300,000 | TVA | 3.500 | 12/15/42 | 5,011,094 | |||||||||||||
| 105 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,750,000 | TVA | 4.625 | % | 09/15/60 | $ | 2,542,594 | ||||||||||
| 300,000 | TVA | 4.250 | 09/15/65 | 418,526 | |||||||||||||
| TOTAL AGENCY SECURITIES | 269,791,029 | ||||||||||||||||
| FOREIGN GOVERNMENT BONDS - 3.4% | |||||||||||||||||
| 2,500,000 | African Development Bank | 0.750 | 04/03/23 | 2,518,479 | |||||||||||||
| 2,000,000 | African Development Bank | 3.000 | 09/20/23 | 2,103,805 | |||||||||||||
| 5,000,000 | African Development Bank | 0.875 | 03/23/26 | 4,977,900 | |||||||||||||
| 3,000,000 | African Development Bank | 0.875 | 07/22/26 | 2,977,723 | |||||||||||||
| 2,250,000 | Asian Development Bank | 1.625 | 01/24/23 | 2,292,149 | |||||||||||||
| 3,000,000 | Asian Development Bank | 2.750 | 03/17/23 | 3,109,983 | |||||||||||||
| 2,250,000 | Asian Development Bank | 0.250 | 07/14/23 | 2,247,169 | |||||||||||||
| 2,000,000 | Asian Development Bank | 0.250 | 10/06/23 | 1,996,379 | |||||||||||||
| 2,200,000 | Asian Development Bank | 2.625 | 01/30/24 | 2,311,576 | |||||||||||||
| 2,000,000 | Asian Development Bank | 1.500 | 10/18/24 | 2,054,097 | |||||||||||||
| 500,000 | Asian Development Bank | 2.000 | 01/22/25 | 522,272 | |||||||||||||
| 6,000,000 | Asian Development Bank | 0.375 | 09/03/25 | 5,900,389 | |||||||||||||
| 3,000,000 | Asian Development Bank | 0.500 | 02/04/26 | 2,942,783 | |||||||||||||
| 5,000,000 | Asian Development Bank | 1.000 | 04/14/26 | 5,002,980 | |||||||||||||
| 1,500,000 | Asian Development Bank | 2.000 | 04/24/26 | 1,569,030 | |||||||||||||
| 1,000,000 | Asian Development Bank | 2.625 | 01/12/27 | 1,078,700 | |||||||||||||
| 500,000 | Asian Development Bank | 2.375 | 08/10/27 | 532,232 | |||||||||||||
| 500,000 | Asian Development Bank | 2.500 | 11/02/27 | 537,755 | |||||||||||||
| 1,000,000 | Asian Development Bank | 2.750 | 01/19/28 | 1,092,635 | |||||||||||||
| 2,500,000 | Asian Development Bank | 1.250 | 06/09/28 | 2,487,846 | |||||||||||||
| 75,000 | Asian Development Bank | 5.820 | 06/16/28 | 96,797 | |||||||||||||
| 2,575,000 | Asian Development Bank | 3.125 | 09/26/28 | 2,887,060 | |||||||||||||
| 2,000,000 | Asian Development Bank | 1.750 | 09/19/29 | 2,045,607 | |||||||||||||
| 3,500,000 | Asian Development Bank | 1.875 | 01/24/30 | 3,606,067 | |||||||||||||
| 1,000,000 | Asian Development Bank | 0.750 | 10/08/30 | 933,510 | |||||||||||||
| 3,000,000 | Asian Development Bank | 1.500 | 03/04/31 | 2,980,120 | |||||||||||||
| 3,000,000 | Asian Infrastructure Investment Bank | 0.250 | 09/29/23 | 2,992,347 | |||||||||||||
| 3,000,000 | Asian Infrastructure Investment Bank | 0.500 | 05/28/25 | 2,975,792 | |||||||||||||
| 3,000,000 | Asian Infrastructure Investment Bank | 0.500 | 01/27/26 | 2,938,077 | |||||||||||||
| 2,000,000 | Canada Government International Bond | 2.000 | 11/15/22 | 2,040,694 | |||||||||||||
| 3,000,000 | Canada Government International Bond | 1.625 | 01/22/25 | 3,094,534 | |||||||||||||
| 3,500,000 | Canada Government International Bond | 0.750 | 05/19/26 | 3,466,413 | |||||||||||||
| 1,715,000 | Chile Government International Bond | 3.240 | 02/06/28 | 1,822,445 | |||||||||||||
| 2,500,000 | Chile Government International Bond | 2.450 | 01/31/31 | 2,474,825 | |||||||||||||
| 3,500,000 | Chile Government International Bond | 2.550 | 01/27/32 | 3,467,905 | |||||||||||||
| 1,000,000 | Chile Government International Bond | 2.550 | 07/27/33 | 974,840 | |||||||||||||
| 1,700,000 | Chile Government International Bond | 3.100 | 05/07/41 | 1,640,534 | |||||||||||||
| 2,613,000 | Chile Government International Bond | 3.500 | 01/25/50 | 2,609,080 | |||||||||||||
| 1,500,000 | Chile Government International Bond | 3.500 | 04/15/53 | 1,501,875 | |||||||||||||
| 2,500,000 | e | Chile Government International Bond | 3.100 | 01/22/61 | 2,250,525 | ||||||||||||
| 750,000 | Chile Government International Bond | 3.250 | 09/21/71 | 677,520 | |||||||||||||
| 750,000 | Corp Andina de Fomento | 2.750 | 01/06/23 | 769,932 | |||||||||||||
| 1,000,000 | Corp Andina de Fomento | 2.375 | 05/12/23 | 1,027,670 | |||||||||||||
| 750,000 | Corp Andina de Fomento | 3.750 | 11/23/23 | 794,032 | |||||||||||||
| 1,000,000 | Corp Andina de Fomento | 1.625 | 09/23/25 | 1,011,750 | |||||||||||||
| 1,000,000 | Council of Europe Development Bank | 2.625 | 02/13/23 | 1,031,917 | |||||||||||||
| 1,000,000 | Council of Europe Development Bank | 2.500 | 02/27/24 | 1,047,765 | |||||||||||||
| 1,480,000 | Council of Europe Development Bank | 1.375 | 02/27/25 | 1,512,399 | |||||||||||||
| 106 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | Council Of Europe Development Bank | 0.250 | % | 10/20/23 | $ | 997,134 | ||||||||||
| 1,500,000 | European Bank for Reconstruction & Development | 2.750 | 03/07/23 | 1,553,505 | |||||||||||||
| 5,000,000 | European Bank for Reconstruction & Development | 0.250 | 07/10/23 | 4,996,926 | |||||||||||||
| 2,000,000 | European Bank for Reconstruction & Development | 1.625 | 09/27/24 | 2,061,019 | |||||||||||||
| 3,000,000 | European Bank for Reconstruction & Development | 0.500 | 11/25/25 | 2,952,404 | |||||||||||||
| 2,000,000 | European Bank for Reconstruction & Development | 0.500 | 01/28/26 | 1,963,975 | |||||||||||||
| 3,000,000 | European Investment Bank | 2.500 | 03/15/23 | 3,098,430 | |||||||||||||
| 7,537,000 | European Investment Bank | 1.375 | 05/15/23 | 7,671,587 | |||||||||||||
| 2,440,000 | European Investment Bank | 0.250 | 09/15/23 | 2,437,023 | |||||||||||||
| 1,500,000 | European Investment Bank | 3.125 | 12/14/23 | 1,589,735 | |||||||||||||
| 5,000,000 | European Investment Bank | 3.250 | 01/29/24 | 5,325,989 | |||||||||||||
| 1,500,000 | European Investment Bank | 2.625 | 03/15/24 | 1,578,904 | |||||||||||||
| 4,000,000 | European Investment Bank | 2.250 | 06/24/24 | 4,186,473 | |||||||||||||
| 5,000,000 | European Investment Bank | 0.375 | 07/24/24 | 4,978,979 | |||||||||||||
| 1,500,000 | e | European Investment Bank | 2.500 | 10/15/24 | 1,586,370 | ||||||||||||
| 3,250,000 | European Investment Bank | 1.625 | 03/14/25 | 3,353,503 | |||||||||||||
| 3,500,000 | European Investment Bank | 0.625 | 07/25/25 | 3,479,735 | |||||||||||||
| 3,000,000 | European Investment Bank | 0.375 | 12/15/25 | 2,940,694 | |||||||||||||
| 3,500,000 | European Investment Bank | 0.375 | 03/26/26 | 3,413,476 | |||||||||||||
| 2,760,000 | e | European Investment Bank | 0.750 | 10/26/26 | 2,721,719 | ||||||||||||
| 400,000 | European Investment Bank | 2.375 | 05/24/27 | 426,919 | |||||||||||||
| 250,000 | European Investment Bank | 0.625 | 10/21/27 | 241,573 | |||||||||||||
| 550,000 | European Investment Bank | 1.625 | 10/09/29 | 558,517 | |||||||||||||
| 1,000,000 | European Investment Bank | 0.875 | 05/17/30 | 949,644 | |||||||||||||
| 2,000,000 | European Investment Bank | 0.750 | 09/23/30 | 1,872,480 | |||||||||||||
| 2,500,000 | European Investment Bank | 1.250 | 02/14/31 | 2,433,529 | |||||||||||||
| 1,705,000 | European Investment Bank | 4.875 | 02/15/36 | 2,341,250 | |||||||||||||
| 1,000,000 | Export Development Canada | 2.500 | 01/24/23 | 1,029,540 | |||||||||||||
| 4,500,000 | Export Development Canada | 1.375 | 02/24/23 | 4,571,151 | |||||||||||||
| 1,000,000 | Export Development Canada | 2.750 | 03/15/23 | 1,035,951 | |||||||||||||
| 1,300,000 | Export Development Canada | 2.625 | 02/21/24 | 1,365,689 | |||||||||||||
| 3,250,000 | Export-Import Bank of Korea | 3.000 | 11/01/22 | 3,340,077 | |||||||||||||
| 1,375,000 | Export-Import Bank of Korea | 3.625 | 11/27/23 | 1,462,090 | |||||||||||||
| 500,000 | Export-Import Bank of Korea | 4.000 | 01/14/24 | 538,810 | |||||||||||||
| 750,000 | Export-Import Bank of Korea | 2.875 | 01/21/25 | 793,396 | |||||||||||||
| 750,000 | Export-Import Bank of Korea | 1.875 | 02/12/25 | 770,860 | |||||||||||||
| 1,000,000 | Export-Import Bank of Korea | 0.750 | 09/21/25 | 986,144 | |||||||||||||
| 250,000 | Export-Import Bank of Korea | 3.250 | 11/10/25 | 270,827 | |||||||||||||
| 1,000,000 | Export-Import Bank of Korea | 0.625 | 02/09/26 | 975,930 | |||||||||||||
| 500,000 | Export-Import Bank of Korea | 2.625 | 05/26/26 | 531,387 | |||||||||||||
| 500,000 | Export-Import Bank of Korea | 3.250 | 08/12/26 | 546,936 | |||||||||||||
| 750,000 | Export-Import Bank of Korea | 1.125 | 12/29/26 | 744,981 | |||||||||||||
| 500,000 | Export-Import Bank of Korea | 2.375 | 04/21/27 | 524,907 | |||||||||||||
| 1,000,000 | Export-Import Bank of Korea | 1.250 | 09/21/30 | 951,194 | |||||||||||||
| 1,000,000 | Export-Import Bank of Korea | 1.375 | 02/09/31 | 956,692 | |||||||||||||
| 1,000,000 | Export-Import Bank of Korea | 2.500 | 06/29/41 | 988,997 | |||||||||||||
| 100,000 | Finland Government International Bond | 6.950 | 02/15/26 | 123,535 | |||||||||||||
| 1,000,000 | FMS Wertmanagement AoeR | 2.000 | 08/01/22 | 1,015,310 | |||||||||||||
| 2,175,000 | FMS Wertmanagement AoeR | 2.750 | 01/30/24 | 2,289,473 | |||||||||||||
| 4,500,000 | Hungary Government International Bond | 5.750 | 11/22/23 | 4,973,300 | |||||||||||||
| 1,250,000 | Hungary Government International Bond | 7.625 | 03/29/41 | 2,081,250 | |||||||||||||
| 200,000 | Hydro Quebec | 8.500 | 12/01/29 | 300,772 | |||||||||||||
| 750,000 | Indonesia Government International Bond | 2.950 | 01/11/23 | 771,976 | |||||||||||||
| 750,000 | Indonesia Government International Bond | 3.500 | 01/11/28 | 812,084 | |||||||||||||
| 107 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 900,000 | Indonesia Government International Bond | 4.750 | % | 02/11/29 | $ | 1,047,346 | ||||||||||
| 1,250,000 | e | Indonesia Government International Bond | 3.400 | 09/18/29 | 1,341,974 | ||||||||||||
| 1,000,000 | Indonesia Government International Bond | 2.850 | 02/14/30 | 1,032,750 | |||||||||||||
| 675,000 | Indonesia Government International Bond | 3.850 | 10/15/30 | 753,280 | |||||||||||||
| 1,500,000 | e | Indonesia Government International Bond | 1.850 | 03/12/31 | 1,436,873 | ||||||||||||
| 1,500,000 | Indonesia Government International Bond | 2.150 | 07/28/31 | 1,465,544 | |||||||||||||
| 875,000 | Indonesia Government International Bond | 4.350 | 01/11/48 | 973,109 | |||||||||||||
| 1,125,000 | e | Indonesia Government International Bond | 5.350 | 02/11/49 | 1,448,184 | ||||||||||||
| 1,000,000 | Indonesia Government International Bond | 3.700 | 10/30/49 | 1,013,675 | |||||||||||||
| 1,000,000 | Indonesia Government International Bond | 3.500 | 02/14/50 | 998,280 | |||||||||||||
| 2,000,000 | Indonesia Government International Bond | 4.200 | 10/15/50 | 2,215,737 | |||||||||||||
| 2,000,000 | e | Indonesia Government International Bond | 3.050 | 03/12/51 | 1,894,863 | ||||||||||||
| 1,000,000 | Indonesia Government International Bond | 3.200 | 09/23/61 | 931,520 | |||||||||||||
| 500,000 | Indonesia Government International Bond | 4.450 | 04/15/70 | 570,406 | |||||||||||||
| 1,750,000 | Indonesia Government International Bond | 3.350 | 03/12/71 | 1,610,394 | |||||||||||||
| 3,775,000 | Inter-American Development Bank | 3.000 | 09/26/22 | 3,879,966 | |||||||||||||
| 3,000,000 | Inter-American Development Bank | 2.500 | 01/18/23 | 3,089,244 | |||||||||||||
| 6,000,000 | Inter-American Development Bank | 0.250 | 11/15/23 | 5,985,840 | |||||||||||||
| 1,500,000 | Inter-American Development Bank | 2.625 | 01/16/24 | 1,574,618 | |||||||||||||
| 500,000 | Inter-American Development Bank | 2.125 | 01/15/25 | 523,694 | |||||||||||||
| 5,000,000 | Inter-American Development Bank | 1.750 | 03/14/25 | 5,177,040 | |||||||||||||
| 10,000,000 | Inter-American Development Bank | 0.625 | 07/15/25 | 9,941,806 | |||||||||||||
| 4,000,000 | Inter-American Development Bank | 0.875 | 04/20/26 | 3,984,389 | |||||||||||||
| 1,500,000 | Inter-American Development Bank | 2.000 | 06/02/26 | 1,568,137 | |||||||||||||
| 1,500,000 | Inter-American Development Bank | 2.000 | 07/23/26 | 1,568,321 | |||||||||||||
| 1,000,000 | Inter-American Development Bank | 2.375 | 07/07/27 | 1,066,527 | |||||||||||||
| 2,000,000 | Inter-American Development Bank | 0.625 | 09/16/27 | 1,929,578 | |||||||||||||
| 4,000,000 | Inter-American Development Bank | 1.125 | 07/20/28 | 3,935,593 | |||||||||||||
| 2,000,000 | Inter-American Development Bank | 3.125 | 09/18/28 | 2,232,906 | |||||||||||||
| 3,000,000 | Inter-American Development Bank | 2.250 | 06/18/29 | 3,181,109 | |||||||||||||
| 3,000,000 | Inter-American Development Bank | 1.125 | 01/13/31 | 2,890,042 | |||||||||||||
| 1,450,000 | Inter-American Development Bank | 3.200 | 08/07/42 | 1,673,717 | |||||||||||||
| 300,000 | Inter-American Development Bank | 4.375 | 01/24/44 | 409,962 | |||||||||||||
| 5,000,000 | International Bank for Reconstruction & Development | 1.875 | 10/07/22 | 5,086,030 | |||||||||||||
| 5,400,000 | International Bank for Reconstruction & Development | 7.625 | 01/19/23 | 5,915,346 | |||||||||||||
| 500,000 | International Bank for Reconstruction & Development | 2.125 | 02/13/23 | 512,865 | |||||||||||||
| 3,000,000 | International Bank for Reconstruction & Development | 1.875 | 06/19/23 | 3,080,820 | |||||||||||||
| 1,500,000 | International Bank for Reconstruction & Development | 0.250 | 11/24/23 | 1,496,652 | |||||||||||||
| 5,575,000 | International Bank for Reconstruction & Development | 2.500 | 03/19/24 | 5,852,539 | |||||||||||||
| 2,000,000 | International Bank for Reconstruction & Development | 1.500 | 08/28/24 | 2,054,303 | |||||||||||||
| 1,600,000 | International Bank for Reconstruction & Development | 2.500 | 11/25/24 | 1,693,974 | |||||||||||||
| 5,000,000 | International Bank for Reconstruction & Development | 1.625 | 01/15/25 | 5,156,182 | |||||||||||||
| 6,000,000 | International Bank for Reconstruction & Development | 0.375 | 07/28/25 | 5,909,519 | |||||||||||||
| 108 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 4,500,000 | International Bank for Reconstruction & Development | 2.500 | % | 07/29/25 | $ | 4,789,903 | ||||||||||
| 5,500,000 | International Bank for Reconstruction & Development | 0.500 | 10/28/25 | 5,426,587 | |||||||||||||
| 500,000 | International Bank for Reconstruction & Development | 3.125 | 11/20/25 | 547,366 | |||||||||||||
| 7,000,000 | International Bank for Reconstruction & Development | 0.875 | 07/15/26 | 6,952,366 | |||||||||||||
| 2,000,000 | International Bank for Reconstruction & Development | 0.750 | 11/24/27 | 1,940,826 | |||||||||||||
| 2,000,000 | International Bank for Reconstruction & Development | 1.750 | 10/23/29 | 2,044,128 | |||||||||||||
| 5,000,000 | International Bank for Reconstruction & Development | 0.875 | 05/14/30 | 4,746,821 | |||||||||||||
| 3,000,000 | International Bank for Reconstruction & Development | 0.750 | 08/26/30 | 2,807,494 | |||||||||||||
| 5,000,000 | e | International Bank for Reconstruction & Development | 1.250 | 02/10/31 | 4,872,408 | ||||||||||||
| 834,000 | International Bank for Reconstruction & Development | 4.750 | 02/15/35 | 1,108,757 | |||||||||||||
| 500,000 | International Finance Corp | 2.000 | 10/24/22 | 509,572 | |||||||||||||
| 1,300,000 | International Finance Corp | 2.875 | 07/31/23 | 1,361,308 | |||||||||||||
| 1,500,000 | International Finance Corp | 1.375 | 10/16/24 | 1,534,954 | |||||||||||||
| 2,500,000 | International Finance Corp | 0.375 | 07/16/25 | 2,462,978 | |||||||||||||
| 5,000,000 | International Finance Corp | 0.750 | 08/27/30 | 4,684,897 | |||||||||||||
| 705,000 | Israel Government International Bond | 4.000 | 06/30/22 | 723,111 | |||||||||||||
| 300,000 | Israel Government International Bond | 3.150 | 06/30/23 | 313,522 | |||||||||||||
| 1,000,000 | Israel Government International Bond | 2.875 | 03/16/26 | 1,071,056 | |||||||||||||
| 975,000 | Israel Government International Bond | 3.250 | 01/17/28 | 1,069,541 | |||||||||||||
| 600,000 | Israel Government International Bond | 2.750 | 07/03/30 | 638,459 | |||||||||||||
| 1,500,000 | Israel Government International Bond | 4.500 | 01/30/43 | 1,871,703 | |||||||||||||
| 200,000 | Israel Government International Bond | 4.125 | 01/17/48 | 240,250 | |||||||||||||
| 1,800,000 | Israel Government International Bond | 3.875 | 07/03/50 | 2,049,799 | |||||||||||||
| 300,000 | Israel Government International Bond | 4.500 | 04/03/20 | 376,575 | |||||||||||||
| 480,000 | Japan Bank for International Cooperation | 1.625 | 10/17/22 | 486,802 | |||||||||||||
| 300,000 | Japan Bank for International Cooperation | 2.375 | 11/16/22 | 306,982 | |||||||||||||
| 900,000 | Japan Bank for International Cooperation | 0.625 | 05/22/23 | 904,110 | |||||||||||||
| 1,050,000 | Japan Bank for International Cooperation | 3.375 | 07/31/23 | 1,106,828 | |||||||||||||
| 1,000,000 | Japan Bank for International Cooperation | 0.375 | 09/15/23 | 999,260 | |||||||||||||
| 4,250,000 | Japan Bank for International Cooperation | 3.375 | 10/31/23 | 4,507,427 | |||||||||||||
| 2,300,000 | Japan Bank for International Cooperation | 2.500 | 05/23/24 | 2,413,317 | |||||||||||||
| 720,000 | Japan Bank for International Cooperation | 1.750 | 10/17/24 | 742,359 | |||||||||||||
| 500,000 | Japan Bank for International Cooperation | 2.125 | 02/10/25 | 521,571 | |||||||||||||
| 3,000,000 | Japan Bank for International Cooperation | 0.625 | 07/15/25 | 2,966,550 | |||||||||||||
| 5,750,000 | Japan Bank for International Cooperation | 2.750 | 01/21/26 | 6,156,465 | |||||||||||||
| 400,000 | Japan Bank for International Cooperation | 2.375 | 04/20/26 | 422,331 | |||||||||||||
| 1,500,000 | Japan Bank for International Cooperation | 1.875 | 07/21/26 | 1,546,916 | |||||||||||||
| 1,000,000 | Japan Bank for International Cooperation | 2.875 | 06/01/27 | 1,084,753 | |||||||||||||
| 750,000 | Japan Bank for International Cooperation | 2.875 | 07/21/27 | 814,107 | |||||||||||||
| 300,000 | Japan Bank for International Cooperation | 2.750 | 11/16/27 | 323,796 | |||||||||||||
| 750,000 | Japan Bank for International Cooperation | 3.500 | 10/31/28 | 849,725 | |||||||||||||
| 1,000,000 | Japan Bank for International Cooperation | 2.000 | 10/17/29 | 1,031,021 | |||||||||||||
| 1,500,000 | Japan Bank for International Cooperation | 1.250 | 01/21/31 | 1,442,399 | |||||||||||||
| 3,000,000 | Japan Bank for International Cooperation | 1.875 | 04/15/31 | 3,044,361 | |||||||||||||
| 109 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 350,000 | Japan International Cooperation Agency | 2.125 | % | 10/20/26 | $ | 365,529 | ||||||||||
| 700,000 | Japan International Cooperation Agency | 3.375 | 06/12/28 | 776,708 | |||||||||||||
| 2,000,000 | Japan International Cooperation Agency | 1.000 | 07/22/30 | 1,883,506 | |||||||||||||
| 1,500,000 | Japan International Cooperation Agency | 1.750 | 04/28/31 | 1,502,540 | |||||||||||||
| 200,000 | Korea Development Bank | 3.000 | 09/14/22 | 204,694 | |||||||||||||
| 1,000,000 | Korea Development Bank | 3.375 | 03/12/23 | 1,041,780 | |||||||||||||
| 500,000 | Korea Development Bank | 2.750 | 03/19/23 | 515,960 | |||||||||||||
| 950,000 | Korea Development Bank | 0.500 | 10/27/23 | 949,268 | |||||||||||||
| 500,000 | Korea Development Bank | 3.750 | 01/22/24 | 536,820 | |||||||||||||
| 700,000 | Korea Development Bank | 3.250 | 02/19/24 | 744,639 | |||||||||||||
| 500,000 | Korea Development Bank | 0.400 | 06/19/24 | 497,492 | |||||||||||||
| 1,000,000 | Korea Development Bank | 2.125 | 10/01/24 | 1,044,320 | |||||||||||||
| 750,000 | Korea Development Bank | 1.750 | 02/18/25 | 768,521 | |||||||||||||
| 200,000 | Korea Development Bank | 3.375 | 09/16/25 | 217,184 | |||||||||||||
| 400,000 | Korea Development Bank | 3.000 | 01/13/26 | 430,536 | |||||||||||||
| 1,000,000 | Korea Development Bank | 0.800 | 04/27/26 | 982,690 | |||||||||||||
| 1,000,000 | Korea Development Bank | 0.800 | 07/19/26 | 980,320 | |||||||||||||
| 1,000,000 | Korea Development Bank | 1.000 | 09/09/26 | 988,120 | |||||||||||||
| 250,000 | Korea Development Bank | 2.000 | 09/12/26 | 259,267 | |||||||||||||
| 1,000,000 | Korea Development Bank | 1.625 | 01/19/31 | 981,910 | |||||||||||||
| 500,000 | Korea Government International Bond | 3.875 | 09/11/23 | 532,970 | |||||||||||||
| 1,500,000 | Korea Government International Bond | 2.750 | 01/19/27 | 1,607,415 | |||||||||||||
| 1,400,000 | Korea Government International Bond | 4.125 | 06/10/44 | 1,784,426 | |||||||||||||
| 500,000 | Korea Government International Bond | 3.875 | 09/20/48 | 631,540 | |||||||||||||
| 2,750,000 | Kreditanstalt fuer Wiederaufbau | 2.000 | 10/04/22 | 2,800,522 | |||||||||||||
| 2,900,000 | Kreditanstalt fuer Wiederaufbau | 2.375 | 12/29/22 | 2,978,166 | |||||||||||||
| 4,600,000 | Kreditanstalt fuer Wiederaufbau | 1.625 | 02/15/23 | 4,688,696 | |||||||||||||
| 3,000,000 | Kreditanstalt fuer Wiederaufbau | 0.250 | 10/19/23 | 2,994,815 | |||||||||||||
| 8,000,000 | Kreditanstalt fuer Wiederaufbau | 2.625 | 02/28/24 | 8,413,932 | |||||||||||||
| 6,100,000 | Kreditanstalt fuer Wiederaufbau | 0.250 | 03/08/24 | 6,071,112 | |||||||||||||
| 5,000,000 | Kreditanstalt fuer Wiederaufbau | 0.500 | 09/20/24 | 4,990,308 | |||||||||||||
| 2,000,000 | Kreditanstalt fuer Wiederaufbau | 2.500 | 11/20/24 | 2,116,186 | |||||||||||||
| 7,000,000 | Kreditanstalt fuer Wiederaufbau | 2.000 | 05/02/25 | 7,315,537 | |||||||||||||
| 4,500,000 | Kreditanstalt fuer Wiederaufbau | 0.625 | 01/22/26 | 4,444,078 | |||||||||||||
| 7,750,000 | Kreditanstalt fuer Wiederaufbau | 2.875 | 04/03/28 | 8,510,071 | |||||||||||||
| 1,000,000 | Kreditanstalt fuer Wiederaufbau | 1.750 | 09/14/29 | 1,022,948 | |||||||||||||
| 5,000,000 | e | Kreditanstalt fuer Wiederaufbau | 0.750 | 09/30/30 | 4,680,000 | ||||||||||||
| 4,300,000 | Landwirtschaftliche Rentenbank | 3.125 | 11/14/23 | 4,548,477 | |||||||||||||
| 500,000 | Landwirtschaftliche Rentenbank | 2.000 | 01/13/25 | 521,531 | |||||||||||||
| 2,000,000 | Landwirtschaftliche Rentenbank | 0.500 | 05/27/25 | 1,982,269 | |||||||||||||
| 750,000 | Landwirtschaftliche Rentenbank | 2.375 | 06/10/25 | 793,581 | |||||||||||||
| 1,000,000 | Landwirtschaftliche Rentenbank | 1.750 | 07/27/26 | 1,034,345 | |||||||||||||
| 125,000 | Landwirtschaftliche Rentenbank | 2.500 | 11/15/27 | 134,416 | |||||||||||||
| 4,000,000 | Landwirtschaftliche Rentenbank | 0.875 | 09/03/30 | 3,769,767 | |||||||||||||
| 18,964,000 | Mexico Government International Bond | 2.659 | 05/24/31 | 18,295,140 | |||||||||||||
| 14,053,000 | Mexico Government International Bond | 4.280 | 08/14/41 | 14,338,276 | |||||||||||||
| 8,950,000 | Mexico Government International Bond | 4.600 | 02/10/48 | 9,216,800 | |||||||||||||
| 1,000,000 | Mexico Government International Bond | 5.000 | 04/27/51 | 1,096,640 | |||||||||||||
| 5,936,000 | Mexico Government International Bond | 3.771 | 05/24/61 | 5,263,511 | |||||||||||||
| 3,000,000 | Mexico Government International Bond | 3.750 | 04/19/71 | 2,591,970 | |||||||||||||
| 950,000 | Mexico Government International Bond | 5.750 | 10/12/10 | 1,080,692 | |||||||||||||
| 2,000,000 | Nordic Investment Bank | 1.375 | 10/17/22 | 2,023,469 | |||||||||||||
| 750,000 | Nordic Investment Bank | 0.375 | 05/19/23 | 751,272 | |||||||||||||
| 110 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 500,000 | Nordic Investment Bank | 2.875 | % | 07/19/23 | $ | 522,698 | ||||||||||
| 2,000,000 | Nordic Investment Bank | 0.375 | 09/11/25 | 1,958,898 | |||||||||||||
| 1,500,000 | Nordic Investment Bank | 0.500 | 01/21/26 | 1,468,654 | |||||||||||||
| 606,000 | North American Development Bank | 2.400 | 10/26/22 | 618,372 | |||||||||||||
| 850,000 | Panama Government International Bond | 4.000 | 09/22/24 | 911,090 | |||||||||||||
| 1,000,000 | Panama Government International Bond | 3.750 | 03/16/25 | 1,073,200 | |||||||||||||
| 300,000 | Panama Government International Bond | 7.125 | 01/29/26 | 366,438 | |||||||||||||
| 2,000,000 | Panama Government International Bond | 3.875 | 03/17/28 | 2,171,280 | |||||||||||||
| 1,450,000 | Panama Government International Bond | 3.160 | 01/23/30 | 1,492,717 | |||||||||||||
| 2,500,000 | Panama Government International Bond | 2.252 | 09/29/32 | 2,352,050 | |||||||||||||
| 692,000 | Panama Government International Bond | 6.700 | 01/26/36 | 919,730 | |||||||||||||
| 750,000 | Panama Government International Bond | 4.500 | 05/15/47 | 817,628 | |||||||||||||
| 2,250,000 | Panama Government International Bond | 4.500 | 04/16/50 | 2,448,473 | |||||||||||||
| 1,450,000 | Panama Government International Bond | 4.300 | 04/29/53 | 1,533,854 | |||||||||||||
| 1,500,000 | Panama Government International Bond | 4.500 | 04/01/56 | 1,631,925 | |||||||||||||
| 3,500,000 | Panama Government International Bond | 3.870 | 07/23/60 | 3,422,720 | |||||||||||||
| 400,000 | Peruvian Government International Bond | 2.392 | 01/23/26 | 408,128 | |||||||||||||
| 5,000,000 | Peruvian Government International Bond | 2.844 | 06/20/30 | 5,040,500 | |||||||||||||
| 2,500,000 | Peruvian Government International Bond | 2.783 | 01/23/31 | 2,474,000 | |||||||||||||
| 1,500,000 | Peruvian Government International Bond | 1.862 | 12/01/32 | 1,362,375 | |||||||||||||
| 1,100,000 | Peruvian Government International Bond | 6.550 | 03/14/37 | 1,482,877 | |||||||||||||
| 1,000,000 | Peruvian Government International Bond | 3.300 | 03/11/41 | 969,200 | |||||||||||||
| 1,850,000 | Peruvian Government International Bond | 5.625 | 11/18/50 | 2,502,569 | |||||||||||||
| 1,000,000 | e | Peruvian Government International Bond | 3.550 | 03/10/51 | 992,790 | ||||||||||||
| 1,500,000 | Peruvian Government International Bond | 2.780 | 12/01/60 | 1,264,860 | |||||||||||||
| 1,000,000 | Peruvian Government International Bond | 3.230 | 07/28/21 | 828,470 | |||||||||||||
| 225,000 | Philippine Government International Bond | 4.200 | 01/21/24 | 241,315 | |||||||||||||
| 2,219,000 | Philippine Government International Bond | 3.000 | 02/01/28 | 2,365,226 | |||||||||||||
| 3,375,000 | Philippine Government International Bond | 3.750 | 01/14/29 | 3,757,067 | |||||||||||||
| 1,500,000 | Philippine Government International Bond | 2.457 | 05/05/30 | 1,532,657 | |||||||||||||
| 2,000,000 | Philippine Government International Bond | 1.648 | 06/10/31 | 1,904,291 | |||||||||||||
| 2,000,000 | Philippine Government International Bond | 1.950 | 01/06/32 | 1,932,226 | |||||||||||||
| 4,083,000 | Philippine Government International Bond | 3.950 | 01/20/40 | 4,439,559 | |||||||||||||
| 300,000 | Philippine Government International Bond | 3.700 | 03/01/41 | 316,926 | |||||||||||||
| 3,793,000 | Philippine Government International Bond | 3.700 | 02/02/42 | 4,011,450 | |||||||||||||
| 1,500,000 | Philippine Government International Bond | 2.950 | 05/05/45 | 1,427,334 | |||||||||||||
| 1,500,000 | Philippine Government International Bond | 2.650 | 12/10/45 | 1,369,966 | |||||||||||||
| 1,500,000 | Philippine Government International Bond | 3.200 | 07/06/46 | 1,475,357 | |||||||||||||
| 990,000 | Poland Government International Bond | 3.000 | 03/17/23 | 1,026,641 | |||||||||||||
| 1,000,000 | Poland Government International Bond | 4.000 | 01/22/24 | 1,078,181 | |||||||||||||
| 2,725,000 | Poland Government International Bond | 3.250 | 04/06/26 | 2,987,781 | |||||||||||||
| 750,000 | Province of Alberta Canada | 3.350 | 11/01/23 | 795,538 | |||||||||||||
| 775,000 | Province of Alberta Canada | 2.950 | 01/23/24 | 818,568 | |||||||||||||
| 1,500,000 | Province of Alberta Canada | 1.875 | 11/13/24 | 1,554,894 | |||||||||||||
| 1,000,000 | Province of Alberta Canada | 1.000 | 05/20/25 | 1,007,254 | |||||||||||||
| 925,000 | Province of Alberta Canada | 3.300 | 03/15/28 | 1,027,208 | |||||||||||||
| 2,000,000 | Province of Alberta Canada | 1.300 | 07/22/30 | 1,916,566 | |||||||||||||
| 1,800,000 | Province of British Columbia Canada | 2.000 | 10/23/22 | 1,834,434 | |||||||||||||
| 2,000,000 | Province of British Columbia Canada | 1.750 | 09/27/24 | 2,066,839 | |||||||||||||
| 850,000 | Province of British Columbia Canada | 2.250 | 06/02/26 | 896,636 | |||||||||||||
| 1,500,000 | Province of British Columbia Canada | 0.900 | 07/20/26 | 1,489,674 | |||||||||||||
| 1,500,000 | Province of British Columbia Canada | 1.300 | 01/29/31 | 1,450,391 | |||||||||||||
| 1,000,000 | Province of Manitoba Canada | 2.600 | 04/16/24 | 1,051,571 | |||||||||||||
| 1,300,000 | Province of Manitoba Canada | 3.050 | 05/14/24 | 1,383,536 | |||||||||||||
| 111 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 500,000 | Province of Manitoba Canada | 2.125 | % | 06/22/26 | $ | 522,798 | ||||||||||
| 500,000 | Province of New Brunswick Canada | 3.625 | 02/24/28 | 567,558 | |||||||||||||
| 200,000 | Province of Nova Scotia Canada | 8.250 | 07/30/22 | 212,439 | |||||||||||||
| 800,000 | Province of Ontario Canada | 2.450 | 06/29/22 | 813,408 | |||||||||||||
| 1,365,000 | Province of Ontario Canada | 1.750 | 01/24/23 | 1,391,582 | |||||||||||||
| 500,000 | Province of Ontario Canada | 3.400 | 10/17/23 | 530,303 | |||||||||||||
| 1,000,000 | Province of Ontario Canada | 3.050 | 01/29/24 | 1,058,746 | |||||||||||||
| 1,500,000 | Province of Ontario Canada | 3.200 | 05/16/24 | 1,603,047 | |||||||||||||
| 2,000,000 | Province of Ontario Canada | 0.625 | 01/21/26 | 1,968,317 | |||||||||||||
| 1,500,000 | Province of Ontario Canada | 1.050 | 04/14/26 | 1,500,168 | |||||||||||||
| 1,000,000 | Province of Ontario Canada | 2.500 | 04/27/26 | 1,063,668 | |||||||||||||
| 1,000,000 | Province of Ontario Canada | 2.300 | 06/15/26 | 1,055,076 | |||||||||||||
| 1,000,000 | Province of Ontario Canada | 1.050 | 05/21/27 | 986,802 | |||||||||||||
| 2,000,000 | Province of Ontario Canada | 2.000 | 10/02/29 | 2,055,277 | |||||||||||||
| 1,000,000 | Province of Ontario Canada | 1.125 | 10/07/30 | 947,841 | |||||||||||||
| 3,000,000 | Province of Ontario Canada | 1.600 | 02/25/31 | 2,956,161 | |||||||||||||
| 3,100,000 | Province of Quebec Canada | 2.625 | 02/13/23 | 3,198,389 | |||||||||||||
| 200,000 | Province of Quebec Canada | 7.125 | 02/09/24 | 230,080 | |||||||||||||
| 875,000 | e | Province of Quebec Canada | 2.500 | 04/09/24 | 918,497 | ||||||||||||
| 500,000 | Province of Quebec Canada | 2.875 | 10/16/24 | 533,803 | |||||||||||||
| 2,500,000 | Province of Quebec Canada | 1.500 | 02/11/25 | 2,566,001 | |||||||||||||
| 2,000,000 | Province of Quebec Canada | 0.600 | 07/23/25 | 1,979,449 | |||||||||||||
| 3,500,000 | Province of Quebec Canada | 2.500 | 04/20/26 | 3,732,575 | |||||||||||||
| 500,000 | Province of Quebec Canada | 2.750 | 04/12/27 | 539,799 | |||||||||||||
| 201,000 | Province of Quebec Canada | 7.500 | 09/15/29 | 286,621 | |||||||||||||
| 1,500,000 | Province of Quebec Canada | 1.350 | 05/28/30 | 1,459,614 | |||||||||||||
| 3,000,000 | Province of Quebec Canada | 1.900 | 04/21/31 | 3,042,051 | |||||||||||||
| 200,000 | Province of Saskatchewan Canada | 8.500 | 07/15/22 | 212,809 | |||||||||||||
| 1,600,000 | Republic of Italy Government International Bond | 6.875 | 09/27/23 | 1,793,645 | |||||||||||||
| 3,000,000 | Republic of Italy Government International Bond | 0.875 | 05/06/24 | 2,992,257 | |||||||||||||
| 2,000,000 | Republic of Italy Government International Bond | 2.375 | 10/17/24 | 2,075,874 | |||||||||||||
| 3,000,000 | Republic of Italy Government International Bond | 1.250 | 02/17/26 | 2,955,742 | |||||||||||||
| 1,500,000 | Republic of Italy Government International Bond | 2.875 | 10/17/29 | 1,554,399 | |||||||||||||
| 1,599,000 | Republic of Italy Government International Bond | 5.375 | 06/15/33 | 2,008,000 | |||||||||||||
| 2,000,000 | Republic of Italy Government International Bond | 4.000 | 10/17/49 | 2,207,617 | |||||||||||||
| 2,000,000 | Republic of Italy Government International Bond | 3.875 | 05/06/51 | 2,162,396 | |||||||||||||
| 2,000,000 | State of Israel | 2.500 | 01/15/30 | 2,091,503 | |||||||||||||
| 2,050,000 | State of Israel | 3.375 | 01/15/50 | 2,171,409 | |||||||||||||
| 2,640,000 | Svensk Exportkredit AB | 1.625 | 11/14/22 | 2,680,691 | |||||||||||||
| 4,250,000 | Svensk Exportkredit AB | 2.875 | 03/14/23 | 4,408,400 | |||||||||||||
| 870,000 | Svensk Exportkredit AB | 1.750 | 12/12/23 | 896,163 | |||||||||||||
| 2,000,000 | Svensk Exportkredit AB | 0.375 | 07/30/24 | 1,987,131 | |||||||||||||
| 1,000,000 | Svensk Exportkredit AB | 0.625 | 05/14/25 | 993,272 | |||||||||||||
| 3,000,000 | Svensk Exportkredit AB | 0.500 | 08/26/25 | 2,962,641 | |||||||||||||
| 7,374,716 | Uruguay Government International Bond | 4.375 | 01/23/31 | 8,526,868 | |||||||||||||
| 500,000 | Uruguay Government International Bond | 4.125 | 11/20/45 | 582,915 | |||||||||||||
| 2,063,907 | Uruguay Government International Bond | 5.100 | 06/18/50 | 2,623,288 | |||||||||||||
| 2,425,000 | Uruguay Government International Bond | 4.975 | 04/20/55 | 3,033,627 | |||||||||||||
| TOTAL FOREIGN GOVERNMENT BONDS | 730,844,761 | ||||||||||||||||
| MORTGAGE BACKED - 27.0% | |||||||||||||||||
| 11,534 | i | Federal Home Loan Mortgage Corp (FHLMC) | DGS1 + 2.250% | 2.375 | 04/01/35 | 11,888 | |||||||||||
| 2,192 | i | FHLMC | DGS1 + 2.125% | 2.199 | 10/01/35 | 2,192 | |||||||||||
| 112 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 27,075 | i | FHLMC | DGS1 + 2.255% | 2.380 | % | 02/01/36 | $ | 28,695 | ||||||||
| 8,905 | i | FHLMC | LIBOR 12 M + 1.800% | 2.050 | 07/01/36 | 9,346 | |||||||||||
| 30,812 | i | FHLMC | LIBOR 6 M + 1.595% | 1.784 | 09/01/36 | 31,006 | |||||||||||
| 18,730 | i | FHLMC | LIBOR 6 M + 1.805% | 1.977 | 09/01/36 | 19,574 | |||||||||||
| 26,761 | i | FHLMC | DGS1 + 2.248% | 2.362 | 09/01/36 | 27,275 | |||||||||||
| 10,576 | i | FHLMC | DGS1 + 2.250% | 2.363 | 01/01/37 | 11,315 | |||||||||||
| 1,461 | i | FHLMC | LIBOR 12 M + 1.765% | 2.140 | 02/01/37 | 1,481 | |||||||||||
| 1,519 | i | FHLMC | DGS1 + 2.250% | 2.367 | 02/01/37 | 1,625 | |||||||||||
| 91,075 | i | FHLMC | LIBOR 12 M + 1.828% | 2.207 | 03/01/37 | 96,668 | |||||||||||
| 20,565 | i | FHLMC | LIBOR 12 M + 1.619% | 1.905 | 04/01/37 | 20,643 | |||||||||||
| 71,727 | i | FHLMC | DGS1 + 2.250% | 2.375 | 04/01/37 | 76,647 | |||||||||||
| 7,374 | i | FHLMC | LIBOR 12 M + 2.138% | 2.430 | 05/01/37 | 7,418 | |||||||||||
| 1,445 | i | FHLMC | LIBOR 12 M + 1.750% | 2.000 | 06/01/37 | 1,465 | |||||||||||
| 27,804 | i | FHLMC | DGS1 + 2.248% | 2.364 | 06/01/37 | 28,005 | |||||||||||
| 28,632 | i | FHLMC | LIBOR 6 M + 1.270% | 1.468 | 08/01/37 | 28,764 | |||||||||||
| 40,732 | i | FHLMC | LIBOR 12 M + 0.905% | 1.264 | 09/01/37 | 41,276 | |||||||||||
| 2,968 | i | FHLMC | LIBOR 6 M + 1.520% | 1.734 | 09/01/37 | 2,983 | |||||||||||
| 205 | i | FHLMC | LIBOR 12 M + 1.795% | 2.049 | 09/01/37 | 206 | |||||||||||
| 4,532 | i | FHLMC | LIBOR 12 M + 2.058% | 2.433 | 02/01/38 | 4,542 | |||||||||||
| 22,024 | i | FHLMC | LIBOR 12 M + 2.055% | 2.305 | 04/01/38 | 23,475 | |||||||||||
| 5,505 | i | FHLMC | LIBOR 12 M + 2.004% | 2.319 | 06/01/38 | 5,554 | |||||||||||
| 3,624 | i | FHLMC | LIBOR 12 M + 1.625% | 1.875 | 07/01/38 | 3,789 | |||||||||||
| 5,254 | i | FHLMC | LIBOR 12 M + 1.861% | 2.111 | 06/01/40 | 5,259 | |||||||||||
| 5,485 | i | FHLMC | LIBOR 12 M + 1.880% | 2.130 | 07/01/40 | 5,506 | |||||||||||
| 12,785 | i | FHLMC | LIBOR 12 M + 1.890% | 2.264 | 01/01/41 | 12,954 | |||||||||||
| 3,218 | i | FHLMC | LIBOR 12 M + 1.880% | 2.130 | 05/01/41 | 3,229 | |||||||||||
| 93,664 | i | FHLMC | LIBOR 12 M + 1.854% | 2.238 | 08/01/41 | 95,160 | |||||||||||
| 68,932 | i | FHLMC | LIBOR 12 M + 1.750% | 2.136 | 09/01/41 | 72,566 | |||||||||||
| 13,152 | i | FHLMC | LIBOR 12 M + 1.860% | 2.360 | 10/01/41 | 13,890 | |||||||||||
| 17,181,980 | FHLMC | 3.000 | 11/01/49 | 18,382,554 | |||||||||||||
| 16,263,576 | FHLMC | 3.000 | 11/01/49 | 17,290,020 | |||||||||||||
| 33,092,445 | FHLMC | 3.000 | 02/01/50 | 35,235,769 | |||||||||||||
| 25,607,982 | FHLMC | 3.500 | 04/01/50 | 27,512,248 | |||||||||||||
| 13,781,130 | FHLMC | 3.500 | 07/01/50 | 14,582,082 | |||||||||||||
| 11,086 | Federal Home Loan Mortgage Corp Gold (FGLMC) | 3.000 | 12/01/21 | 11,654 | |||||||||||||
| 378 | FGLMC | 5.000 | 10/01/22 | 394 | |||||||||||||
| 301 | FGLMC | 6.000 | 11/01/22 | 306 | |||||||||||||
| 7,158 | FGLMC | 5.000 | 04/01/23 | 7,459 | |||||||||||||
| 500 | FGLMC | 4.500 | 05/01/23 | 524 | |||||||||||||
| 7,399 | FGLMC | 5.000 | 05/01/23 | 8,117 | |||||||||||||
| 2,010 | FGLMC | 5.000 | 10/01/23 | 2,095 | |||||||||||||
| 1,059 | FGLMC | 5.500 | 10/01/23 | 1,181 | |||||||||||||
| 2,348 | FGLMC | 5.000 | 11/01/23 | 2,574 | |||||||||||||
| 4,767 | FGLMC | 5.000 | 03/01/24 | 5,228 | |||||||||||||
| 960 | FGLMC | 4.500 | 04/01/24 | 1,006 | |||||||||||||
| 491 | FGLMC | 4.500 | 05/01/24 | 515 | |||||||||||||
| 3,417 | FGLMC | 4.500 | 06/01/24 | 3,582 | |||||||||||||
| 32,552 | FGLMC | 4.000 | 07/01/24 | 34,484 | |||||||||||||
| 13,971 | FGLMC | 4.000 | 07/01/24 | 14,804 | |||||||||||||
| 2,816 | FGLMC | 5.500 | 07/01/24 | 2,889 | |||||||||||||
| 27,237 | FGLMC | 4.000 | 08/01/24 | 28,853 | |||||||||||||
| 5,123 | FGLMC | 4.500 | 09/01/24 | 5,380 | |||||||||||||
| 2,602 | FGLMC | 4.500 | 09/01/24 | 2,730 | |||||||||||||
| 1,558 | FGLMC | 4.500 | 09/01/24 | 1,637 | |||||||||||||
| 113 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,766 | FGLMC | 5.500 | % | 09/01/24 | $ | 1,970 | ||||||||||
| 41,317 | FGLMC | 4.000 | 10/01/24 | 43,776 | |||||||||||||
| 1,231 | FGLMC | 4.500 | 10/01/24 | 1,291 | |||||||||||||
| 6,094 | FGLMC | 4.500 | 10/01/24 | 6,582 | |||||||||||||
| 1,207 | FGLMC | 4.500 | 11/01/24 | 1,271 | |||||||||||||
| 6,267 | FGLMC | 4.500 | 12/01/24 | 6,622 | |||||||||||||
| 2,137 | FGLMC | 4.500 | 02/01/25 | 2,240 | |||||||||||||
| 58,397 | FGLMC | 4.000 | 03/01/25 | 61,881 | |||||||||||||
| 1,735 | FGLMC | 4.500 | 06/01/25 | 1,823 | |||||||||||||
| 3,832 | FGLMC | 4.500 | 07/01/25 | 4,068 | |||||||||||||
| 90,587 | FGLMC | 3.500 | 10/01/25 | 96,724 | |||||||||||||
| 36,545 | FGLMC | 4.000 | 10/01/25 | 38,729 | |||||||||||||
| 146,125 | FGLMC | 3.500 | 11/01/25 | 156,009 | |||||||||||||
| 85,231 | FGLMC | 3.500 | 11/01/25 | 90,967 | |||||||||||||
| 37,837 | FGLMC | 3.500 | 12/01/25 | 40,397 | |||||||||||||
| 20,826 | FGLMC | 3.000 | 01/01/26 | 21,937 | |||||||||||||
| 307,242 | FGLMC | 3.500 | 01/01/26 | 328,046 | |||||||||||||
| 23,346 | FGLMC | 4.000 | 04/01/26 | 24,773 | |||||||||||||
| 54,599 | FGLMC | 4.000 | 05/01/26 | 58,019 | |||||||||||||
| 12,961 | FGLMC | 5.500 | 07/01/26 | 14,473 | |||||||||||||
| 148,077 | FGLMC | 4.000 | 08/01/26 | 157,223 | |||||||||||||
| 1,266 | FGLMC | 6.000 | 08/01/26 | 1,419 | |||||||||||||
| 52,097 | FGLMC | 3.000 | 09/01/26 | 54,873 | |||||||||||||
| 160,292 | FGLMC | 3.000 | 10/01/26 | 168,884 | |||||||||||||
| 223,925 | FGLMC | 3.500 | 10/01/26 | 239,149 | |||||||||||||
| 5,410 | FGLMC | 5.000 | 10/01/26 | 5,937 | |||||||||||||
| 1,777 | FGLMC | 5.500 | 10/01/26 | 1,984 | |||||||||||||
| 907,349 | FGLMC | 3.000 | 02/01/27 | 957,552 | |||||||||||||
| 592,775 | FGLMC | 2.500 | 05/01/27 | 620,449 | |||||||||||||
| 642,486 | FGLMC | 2.500 | 11/01/27 | 672,594 | |||||||||||||
| 25,753 | FGLMC | 6.000 | 12/01/27 | 28,891 | |||||||||||||
| 513,282 | FGLMC | 2.500 | 01/01/28 | 537,370 | |||||||||||||
| 1,323,658 | FGLMC | 2.500 | 03/01/28 | 1,385,812 | |||||||||||||
| 37,117 | FGLMC | 5.000 | 03/01/28 | 40,792 | |||||||||||||
| 754,859 | FGLMC | 2.500 | 05/01/28 | 790,286 | |||||||||||||
| 3,851 | FGLMC | 5.500 | 05/01/28 | 4,310 | |||||||||||||
| 2,258,980 | FGLMC | 2.500 | 07/01/28 | 2,369,946 | |||||||||||||
| 1,823,680 | FGLMC | 2.500 | 07/01/28 | 1,908,484 | |||||||||||||
| 482,610 | FGLMC | 3.000 | 10/01/28 | 509,441 | |||||||||||||
| 26,719 | FGLMC | 5.500 | 01/01/29 | 29,899 | |||||||||||||
| 1,727 | FGLMC | 6.500 | 01/01/29 | 1,941 | |||||||||||||
| 3,406 | FGLMC | 4.000 | 02/01/29 | 3,649 | |||||||||||||
| 1,043,609 | FGLMC | 3.500 | 03/01/29 | 1,119,948 | |||||||||||||
| 278 | FGLMC | 6.500 | 03/01/29 | 314 | |||||||||||||
| 1,898,591 | FGLMC | 3.000 | 07/01/29 | 2,004,121 | |||||||||||||
| 7,627 | FGLMC | 6.500 | 07/01/29 | 8,569 | |||||||||||||
| 7,608 | FGLMC | 5.000 | 12/01/29 | 8,438 | |||||||||||||
| 5,314,809 | FGLMC | 2.500 | 05/01/30 | 5,564,169 | |||||||||||||
| 12,890 | FGLMC | 4.000 | 08/01/30 | 13,895 | |||||||||||||
| 114,102 | FGLMC | 4.500 | 01/01/31 | 124,525 | |||||||||||||
| 204 | FGLMC | 8.000 | 01/01/31 | 207 | |||||||||||||
| 92,199 | FGLMC | 4.000 | 03/01/31 | 100,143 | |||||||||||||
| 12,008 | FGLMC | 4.000 | 05/01/31 | 13,042 | |||||||||||||
| 114 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 85,764 | FGLMC | 4.500 | % | 05/01/31 | $ | 93,618 | ||||||||||
| 44,045 | FGLMC | 4.000 | 06/01/31 | 47,841 | |||||||||||||
| 97,539 | FGLMC | 4.000 | 08/01/31 | 105,771 | |||||||||||||
| 111,900 | FGLMC | 4.000 | 09/01/31 | 121,547 | |||||||||||||
| 1,839 | FGLMC | 6.500 | 09/01/31 | 2,074 | |||||||||||||
| 3,809 | FGLMC | 8.000 | 09/01/31 | 4,276 | |||||||||||||
| 55,641 | FGLMC | 3.500 | 11/01/31 | 59,162 | |||||||||||||
| 8,401,038 | FGLMC | 2.500 | 12/01/31 | 8,795,864 | |||||||||||||
| 35,329 | FGLMC | 7.000 | 12/01/31 | 40,025 | |||||||||||||
| 8,493 | FGLMC | 6.500 | 01/01/32 | 9,766 | |||||||||||||
| 20,781 | FGLMC | 6.000 | 02/01/32 | 24,348 | |||||||||||||
| 932,783 | FGLMC | 3.000 | 03/01/32 | 995,686 | |||||||||||||
| 8,762 | FGLMC | 7.000 | 04/01/32 | 10,083 | |||||||||||||
| 7,219 | FGLMC | 6.500 | 05/01/32 | 8,111 | |||||||||||||
| 633,454 | FGLMC | 3.500 | 09/01/32 | 678,986 | |||||||||||||
| 4,653 | FGLMC | 5.500 | 11/01/32 | 5,363 | |||||||||||||
| 8,199,338 | FGLMC | 3.000 | 01/01/33 | 8,666,036 | |||||||||||||
| 6,750 | FGLMC | 6.000 | 02/01/33 | 7,809 | |||||||||||||
| 23,571 | FGLMC | 5.000 | 03/01/33 | 26,768 | |||||||||||||
| 14,620 | FGLMC | 6.000 | 03/01/33 | 16,443 | |||||||||||||
| 17,084 | FGLMC | 6.000 | 03/01/33 | 19,197 | |||||||||||||
| 15,074 | FGLMC | 5.000 | 04/01/33 | 16,657 | |||||||||||||
| 3,206 | FGLMC | 6.000 | 04/01/33 | 3,756 | |||||||||||||
| 178,151 | FGLMC | 5.000 | 06/01/33 | 196,632 | |||||||||||||
| 60,535 | FGLMC | 5.500 | 06/01/33 | 69,771 | |||||||||||||
| 30,640,207 | FGLMC | 2.500 | 07/01/33 | 32,030,926 | |||||||||||||
| 1,251,837 | FGLMC | 3.500 | 07/01/33 | 1,355,581 | |||||||||||||
| 24,795 | FGLMC | 4.500 | 07/01/33 | 27,587 | |||||||||||||
| 3,495,897 | FGLMC | 4.000 | 08/01/33 | 3,719,016 | |||||||||||||
| 2,010 | FGLMC | 5.000 | 08/01/33 | 2,264 | |||||||||||||
| 8,478 | FGLMC | 6.500 | 08/01/33 | 9,708 | |||||||||||||
| 81,132 | FGLMC | 5.000 | 09/01/33 | 92,844 | |||||||||||||
| 34,552 | FGLMC | 5.500 | 09/01/33 | 39,089 | |||||||||||||
| 64,948 | FGLMC | 5.500 | 09/01/33 | 74,840 | |||||||||||||
| 12,206 | FGLMC | 5.500 | 09/01/33 | 13,794 | |||||||||||||
| 34,513 | FGLMC | 5.500 | 09/01/33 | 38,906 | |||||||||||||
| 18,875 | FGLMC | 4.000 | 10/01/33 | 20,633 | |||||||||||||
| 4,476 | FGLMC | 5.000 | 10/01/33 | 5,104 | |||||||||||||
| 64,023 | FGLMC | 5.500 | 10/01/33 | 73,188 | |||||||||||||
| 3,220,084 | FGLMC | 3.500 | 11/01/33 | 3,449,983 | |||||||||||||
| 42,606 | FGLMC | 5.500 | 12/01/33 | 49,106 | |||||||||||||
| 14,241 | FGLMC | 5.500 | 12/01/33 | 16,438 | |||||||||||||
| 178,062 | FGLMC | 7.000 | 12/01/33 | 204,115 | |||||||||||||
| 132,643 | FGLMC | 5.000 | 01/01/34 | 151,022 | |||||||||||||
| 956,423 | FGLMC | 3.000 | 02/01/34 | 1,009,527 | |||||||||||||
| 3,121 | FGLMC | 5.500 | 02/01/34 | 3,600 | |||||||||||||
| 15,726 | FGLMC | 5.000 | 03/01/34 | 17,833 | |||||||||||||
| 18,638 | FGLMC | 5.500 | 03/01/34 | 21,513 | |||||||||||||
| 56,720 | FGLMC | 5.000 | 05/01/34 | 64,746 | |||||||||||||
| 19,454 | FGLMC | 4.500 | 06/01/34 | 21,647 | |||||||||||||
| 43,661 | FGLMC | 5.000 | 06/01/34 | 49,830 | |||||||||||||
| 14,422 | FGLMC | 5.500 | 06/01/34 | 16,690 | |||||||||||||
| 7,431 | FGLMC | 6.000 | 06/01/34 | 8,593 | |||||||||||||
| 29,922 | FGLMC | 6.000 | 09/01/34 | 34,965 | |||||||||||||
| 115 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,217,493 | FGLMC | 3.500 | % | 10/01/34 | $ | 2,396,251 | ||||||||||
| 4,344 | FGLMC | 5.000 | 11/01/34 | 4,953 | |||||||||||||
| 127,142 | FGLMC | 5.500 | 11/01/34 | 146,130 | |||||||||||||
| 163,764 | FGLMC | 5.000 | 12/01/34 | 186,794 | |||||||||||||
| 32,128 | FGLMC | 5.500 | 12/01/34 | 37,070 | |||||||||||||
| 3,644 | FGLMC | 5.500 | 12/01/34 | 4,076 | |||||||||||||
| 2,198 | FGLMC | 5.500 | 01/01/35 | 2,549 | |||||||||||||
| 1,196 | FGLMC | 5.500 | 01/01/35 | 1,384 | |||||||||||||
| 21,411 | FGLMC | 5.500 | 01/01/35 | 24,892 | |||||||||||||
| 55,091 | FGLMC | 4.500 | 04/01/35 | 61,274 | |||||||||||||
| 8,286 | FGLMC | 6.000 | 05/01/35 | 9,793 | |||||||||||||
| 72,181 | FGLMC | 6.000 | 05/01/35 | 82,543 | |||||||||||||
| 50,864 | FGLMC | 7.000 | 05/01/35 | 57,576 | |||||||||||||
| 7,849 | FGLMC | 5.500 | 06/01/35 | 9,099 | |||||||||||||
| 11,832 | FGLMC | 5.500 | 06/01/35 | 13,707 | |||||||||||||
| 4,443 | FGLMC | 5.000 | 07/01/35 | 5,053 | |||||||||||||
| 210,573 | FGLMC | 5.000 | 07/01/35 | 240,315 | |||||||||||||
| 255,221 | FGLMC | 5.000 | 08/01/35 | 291,348 | |||||||||||||
| 13,535 | FGLMC | 5.500 | 08/01/35 | 15,141 | |||||||||||||
| 78,248 | FGLMC | 6.000 | 08/01/35 | 87,862 | |||||||||||||
| 3,610 | FGLMC | 4.500 | 09/01/35 | 4,020 | |||||||||||||
| 44,689 | FGLMC | 5.000 | 10/01/35 | 51,017 | |||||||||||||
| 22,398 | FGLMC | 5.000 | 10/01/35 | 25,570 | |||||||||||||
| 18,250 | FGLMC | 5.000 | 10/01/35 | 20,599 | |||||||||||||
| 137,101 | FGLMC | 5.500 | 10/01/35 | 153,419 | |||||||||||||
| 36,820 | FGLMC | 5.000 | 12/01/35 | 41,573 | |||||||||||||
| 4,597 | FGLMC | 5.000 | 12/01/35 | 5,246 | |||||||||||||
| 19,972 | FGLMC | 6.000 | 01/01/36 | 23,559 | |||||||||||||
| 9,071 | FGLMC | 5.000 | 02/01/36 | 10,348 | |||||||||||||
| 3,678 | FGLMC | 5.000 | 02/01/36 | 4,195 | |||||||||||||
| 3,683 | FGLMC | 6.000 | 02/01/36 | 4,350 | |||||||||||||
| 37,254 | FGLMC | 5.500 | 04/01/36 | 42,622 | |||||||||||||
| 9,605 | FGLMC | 5.500 | 05/01/36 | 11,155 | |||||||||||||
| 159,120 | FGLMC | 6.000 | 06/01/36 | 188,057 | |||||||||||||
| 43,269 | FGLMC | 5.000 | 07/01/36 | 49,367 | |||||||||||||
| 74,538 | FGLMC | 6.000 | 07/01/36 | 88,065 | |||||||||||||
| 8,396 | FGLMC | 6.000 | 08/01/36 | 9,849 | |||||||||||||
| 6,378 | FGLMC | 6.000 | 09/01/36 | 7,170 | |||||||||||||
| 162,705 | FGLMC | 5.500 | 10/01/36 | 189,181 | |||||||||||||
| 70,803 | FGLMC | 5.500 | 10/01/36 | 82,163 | |||||||||||||
| 13,243 | FGLMC | 6.500 | 10/01/36 | 15,089 | |||||||||||||
| 7,194 | FGLMC | 5.500 | 11/01/36 | 8,379 | |||||||||||||
| 17,685 | FGLMC | 6.000 | 11/01/36 | 20,903 | |||||||||||||
| 100,925 | FGLMC | 6.000 | 12/01/36 | 119,295 | |||||||||||||
| 136,659 | FGLMC | 5.500 | 03/01/37 | 159,233 | |||||||||||||
| 49,739 | FGLMC | 6.000 | 03/01/37 | 58,350 | |||||||||||||
| 7,409 | FGLMC | 6.500 | 03/01/37 | 8,479 | |||||||||||||
| 49,626 | FGLMC | 5.500 | 04/01/37 | 57,885 | |||||||||||||
| 6,650 | FGLMC | 5.000 | 05/01/37 | 7,487 | |||||||||||||
| 5,644 | FGLMC | 5.000 | 06/01/37 | 6,360 | |||||||||||||
| 22,106 | FGLMC | 5.500 | 06/01/37 | 25,794 | |||||||||||||
| 5,553,866 | FGLMC | 3.000 | 07/01/37 | 5,875,232 | |||||||||||||
| 84,907 | FGLMC | 6.000 | 07/01/37 | 99,611 | |||||||||||||
| 116 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 51,726 | FGLMC | 6.000 | % | 08/01/37 | $ | 61,144 | ||||||||||
| 14,836 | FGLMC | 6.000 | 09/01/37 | 17,538 | |||||||||||||
| 133,351 | FGLMC | 5.500 | 10/01/37 | 150,219 | |||||||||||||
| 4,090 | FGLMC | 6.000 | 11/01/37 | 4,811 | |||||||||||||
| 51,611 | FGLMC | 6.500 | 11/01/37 | 61,072 | |||||||||||||
| 19,178 | FGLMC | 6.000 | 01/01/38 | 22,661 | |||||||||||||
| 6,806 | FGLMC | 6.000 | 02/01/38 | 7,985 | |||||||||||||
| 56,590 | FGLMC | 6.000 | 02/01/38 | 66,892 | |||||||||||||
| 254,922 | FGLMC | 5.000 | 03/01/38 | 291,184 | |||||||||||||
| 92,502 | FGLMC | 5.000 | 03/01/38 | 105,760 | |||||||||||||
| 10,636 | FGLMC | 5.000 | 04/01/38 | 12,331 | |||||||||||||
| 110,466 | FGLMC | 5.000 | 04/01/38 | 126,395 | |||||||||||||
| 113,106 | FGLMC | 5.500 | 04/01/38 | 129,340 | |||||||||||||
| 26,435 | FGLMC | 5.500 | 05/01/38 | 30,868 | |||||||||||||
| 3,007 | FGLMC | 5.500 | 06/01/38 | 3,510 | |||||||||||||
| 3,966 | FGLMC | 6.000 | 07/01/38 | 4,474 | |||||||||||||
| 16,046 | FGLMC | 5.500 | 08/01/38 | 18,645 | |||||||||||||
| 99,654 | FGLMC | 5.500 | 08/01/38 | 116,281 | |||||||||||||
| 12,491 | FGLMC | 5.000 | 09/01/38 | 14,281 | |||||||||||||
| 172,735 | FGLMC | 5.500 | 09/01/38 | 201,535 | |||||||||||||
| 62,158 | FGLMC | 5.500 | 09/01/38 | 72,537 | |||||||||||||
| 3,266 | FGLMC | 5.500 | 10/01/38 | 3,814 | |||||||||||||
| 63,991 | FGLMC | 6.000 | 11/01/38 | 75,304 | |||||||||||||
| 452,177 | FGLMC | 5.500 | 01/01/39 | 527,861 | |||||||||||||
| 299,173 | FGLMC | 4.500 | 02/01/39 | 334,347 | |||||||||||||
| 174,738 | FGLMC | 5.000 | 02/01/39 | 199,765 | |||||||||||||
| 12,728 | FGLMC | 5.500 | 02/01/39 | 14,836 | |||||||||||||
| 439 | FGLMC | 4.500 | 03/01/39 | 476 | |||||||||||||
| 75,453 | FGLMC | 5.000 | 03/01/39 | 86,336 | |||||||||||||
| 9,085 | FGLMC | 6.000 | 03/01/39 | 10,712 | |||||||||||||
| 13,745 | FGLMC | 4.500 | 04/01/39 | 15,458 | |||||||||||||
| 488,012 | FGLMC | 4.500 | 04/01/39 | 542,486 | |||||||||||||
| 110,915 | FGLMC | 4.000 | 05/01/39 | 122,320 | |||||||||||||
| 2,825 | FGLMC | 4.500 | 05/01/39 | 3,157 | |||||||||||||
| 1,604,991 | FGLMC | 4.500 | 05/01/39 | 1,800,009 | |||||||||||||
| 71,873 | FGLMC | 4.500 | 05/01/39 | 80,607 | |||||||||||||
| 144,927 | FGLMC | 4.500 | 05/01/39 | 162,523 | |||||||||||||
| 68,054 | FGLMC | 5.000 | 05/01/39 | 77,710 | |||||||||||||
| 140,047 | FGLMC | 4.000 | 06/01/39 | 154,208 | |||||||||||||
| 722,500 | FGLMC | 4.500 | 06/01/39 | 810,291 | |||||||||||||
| 23,640 | FGLMC | 4.500 | 06/01/39 | 26,513 | |||||||||||||
| 11,824 | FGLMC | 5.000 | 06/01/39 | 13,529 | |||||||||||||
| 4,789 | FGLMC | 5.500 | 06/01/39 | 5,583 | |||||||||||||
| 227,326 | FGLMC | 4.000 | 07/01/39 | 250,702 | |||||||||||||
| 89,355 | FGLMC | 4.500 | 07/01/39 | 100,213 | |||||||||||||
| 17,133 | FGLMC | 4.500 | 07/01/39 | 19,148 | |||||||||||||
| 6,930 | FGLMC | 4.500 | 07/01/39 | 7,691 | |||||||||||||
| 60,715 | FGLMC | 5.000 | 07/01/39 | 69,470 | |||||||||||||
| 104,600 | FGLMC | 5.500 | 07/01/39 | 120,534 | |||||||||||||
| 7,865 | FGLMC | 4.500 | 08/01/39 | 8,789 | |||||||||||||
| 18,252 | FGLMC | 5.000 | 08/01/39 | 20,763 | |||||||||||||
| 140,438 | FGLMC | 4.000 | 09/01/39 | 155,158 | |||||||||||||
| 473,219 | FGLMC | 5.000 | 09/01/39 | 540,720 | |||||||||||||
| 163,792 | FGLMC | 5.000 | 09/01/39 | 187,418 | |||||||||||||
| 117 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,403 | FGLMC | 5.500 | % | 09/01/39 | $ | 1,578 | ||||||||||
| 202,698 | FGLMC | 6.500 | 09/01/39 | 230,149 | |||||||||||||
| 32,035 | FGLMC | 4.500 | 10/01/39 | 36,027 | |||||||||||||
| 52,390 | FGLMC | 4.500 | 10/01/39 | 58,921 | |||||||||||||
| 60,461 | FGLMC | 4.500 | 10/01/39 | 67,570 | |||||||||||||
| 28,537 | FGLMC | 5.000 | 10/01/39 | 32,654 | |||||||||||||
| 12,431 | FGLMC | 4.000 | 11/01/39 | 13,752 | |||||||||||||
| 39,453 | FGLMC | 4.500 | 11/01/39 | 44,092 | |||||||||||||
| 15,754 | FGLMC | 5.000 | 11/01/39 | 18,027 | |||||||||||||
| 43,931 | FGLMC | 4.500 | 12/01/39 | 49,271 | |||||||||||||
| 80,562 | FGLMC | 4.500 | 12/01/39 | 90,024 | |||||||||||||
| 34,176 | FGLMC | 4.500 | 12/01/39 | 37,993 | |||||||||||||
| 143,110 | FGLMC | 4.500 | 12/01/39 | 158,534 | |||||||||||||
| 68,288 | FGLMC | 5.500 | 12/01/39 | 79,717 | |||||||||||||
| 99,529 | FGLMC | 4.500 | 01/01/40 | 111,623 | |||||||||||||
| 8,875 | FGLMC | 5.000 | 01/01/40 | 10,155 | |||||||||||||
| 10,907 | FGLMC | 5.500 | 01/01/40 | 12,618 | |||||||||||||
| 30,368 | FGLMC | 5.500 | 03/01/40 | 35,448 | |||||||||||||
| 359,624 | FGLMC | 4.000 | 04/01/40 | 394,751 | |||||||||||||
| 18,072 | FGLMC | 4.500 | 04/01/40 | 20,197 | |||||||||||||
| 57,969 | FGLMC | 4.500 | 04/01/40 | 64,445 | |||||||||||||
| 46,327 | FGLMC | 5.000 | 04/01/40 | 53,010 | |||||||||||||
| 112,080 | FGLMC | 5.000 | 04/01/40 | 127,147 | |||||||||||||
| 378,046 | FGLMC | 6.000 | 04/01/40 | 444,705 | |||||||||||||
| 957,779 | FGLMC | 4.500 | 05/01/40 | 1,064,766 | |||||||||||||
| 491,520 | FGLMC | 5.000 | 05/01/40 | 555,870 | |||||||||||||
| 3,376 | FGLMC | 4.500 | 06/01/40 | 3,786 | |||||||||||||
| 309,685 | FGLMC | 5.500 | 06/01/40 | 360,843 | |||||||||||||
| 518,744 | FGLMC | 4.500 | 07/01/40 | 581,739 | |||||||||||||
| 9,027 | FGLMC | 4.500 | 08/01/40 | 10,088 | |||||||||||||
| 92,379 | FGLMC | 5.000 | 08/01/40 | 104,754 | |||||||||||||
| 247,273 | FGLMC | 5.000 | 08/01/40 | 281,805 | |||||||||||||
| 24,947 | FGLMC | 5.000 | 08/01/40 | 28,544 | |||||||||||||
| 1,542,001 | FGLMC | 5.500 | 08/01/40 | 1,797,889 | |||||||||||||
| 124,240 | FGLMC | 4.000 | 09/01/40 | 137,016 | |||||||||||||
| 1,638,060 | FGLMC | 4.000 | 11/01/40 | 1,809,366 | |||||||||||||
| 1,035,383 | FGLMC | 4.000 | 12/01/40 | 1,141,798 | |||||||||||||
| 153,725 | FGLMC | 3.500 | 01/01/41 | 166,497 | |||||||||||||
| 250,676 | FGLMC | 3.500 | 01/01/41 | 271,415 | |||||||||||||
| 151,273 | FGLMC | 4.000 | 01/01/41 | 166,819 | |||||||||||||
| 156,383 | FGLMC | 3.500 | 02/01/41 | 170,335 | |||||||||||||
| 569,178 | FGLMC | 4.000 | 02/01/41 | 626,377 | |||||||||||||
| 187,628 | FGLMC | 4.000 | 02/01/41 | 205,936 | |||||||||||||
| 969,520 | FGLMC | 4.000 | 04/01/41 | 1,070,757 | |||||||||||||
| 174,192 | FGLMC | 4.500 | 04/01/41 | 194,647 | |||||||||||||
| 39,201 | FGLMC | 5.000 | 04/01/41 | 44,539 | |||||||||||||
| 158,391 | FGLMC | 4.500 | 05/01/41 | 177,021 | |||||||||||||
| 199,174 | FGLMC | 4.500 | 06/01/41 | 223,334 | |||||||||||||
| 466,247 | FGLMC | 3.500 | 10/01/41 | 506,238 | |||||||||||||
| 431,809 | FGLMC | 5.000 | 10/01/41 | 493,447 | |||||||||||||
| 613,889 | FGLMC | 3.500 | 11/01/41 | 665,019 | |||||||||||||
| 247,380 | FGLMC | 4.500 | 12/01/41 | 274,812 | |||||||||||||
| 2,077,978 | FGLMC | 3.500 | 01/01/42 | 2,250,916 | |||||||||||||
| 118 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 616,790 | FGLMC | 3.500 | % | 02/01/42 | $ | 668,122 | ||||||||||
| 648,793 | FGLMC | 3.500 | 04/01/42 | 702,556 | |||||||||||||
| 1,616,588 | FGLMC | 4.000 | 05/01/42 | 1,779,246 | |||||||||||||
| 5,257,354 | FGLMC | 4.500 | 05/01/42 | 5,887,896 | |||||||||||||
| 1,134,892 | FGLMC | 3.500 | 07/01/42 | 1,236,249 | |||||||||||||
| 250,063 | FGLMC | 3.000 | 08/01/42 | 266,031 | |||||||||||||
| 1,836,742 | FGLMC | 3.000 | 10/01/42 | 1,961,642 | |||||||||||||
| 1,289,957 | FGLMC | 3.000 | 10/01/42 | 1,377,734 | |||||||||||||
| 567,096 | FGLMC | 3.500 | 12/01/42 | 616,048 | |||||||||||||
| 1,837,960 | FGLMC | 2.500 | 01/01/43 | 1,914,337 | |||||||||||||
| 3,618,316 | FGLMC | 3.000 | 01/01/43 | 3,863,990 | |||||||||||||
| 5,412,153 | FGLMC | 3.000 | 04/01/43 | 5,778,837 | |||||||||||||
| 13,710,834 | FGLMC | 3.000 | 04/01/43 | 14,639,071 | |||||||||||||
| 1,648,356 | FGLMC | 3.500 | 05/01/43 | 1,790,539 | |||||||||||||
| 2,237,797 | FGLMC | 3.000 | 08/01/43 | 2,388,848 | |||||||||||||
| 1,567,795 | FGLMC | 3.000 | 08/01/43 | 1,673,702 | |||||||||||||
| 1,663,390 | FGLMC | 3.500 | 08/01/43 | 1,806,865 | |||||||||||||
| 655,174 | FGLMC | 4.500 | 10/01/43 | 726,172 | |||||||||||||
| 846,246 | FGLMC | 4.000 | 11/01/43 | 931,868 | |||||||||||||
| 1,564,084 | FGLMC | 3.500 | 02/01/44 | 1,691,343 | |||||||||||||
| 1,281,969 | FGLMC | 4.000 | 02/01/44 | 1,411,462 | |||||||||||||
| 8,923,991 | FGLMC | 4.000 | 02/01/44 | 9,825,729 | |||||||||||||
| 578,984 | FGLMC | 4.000 | 04/01/44 | 635,482 | |||||||||||||
| 727,251 | FGLMC | 4.500 | 05/01/44 | 805,697 | |||||||||||||
| 1,314,392 | FGLMC | 4.000 | 06/01/44 | 1,441,788 | |||||||||||||
| 1,988,711 | FGLMC | 4.000 | 08/01/44 | 2,181,288 | |||||||||||||
| 1,467,278 | FGLMC | 3.500 | 09/01/44 | 1,580,831 | |||||||||||||
| 2,086,841 | FGLMC | 3.500 | 11/01/44 | 2,247,038 | |||||||||||||
| 2,791,585 | FGLMC | 3.500 | 12/01/44 | 3,002,969 | |||||||||||||
| 1,665,473 | FGLMC | 3.500 | 01/01/45 | 1,800,413 | |||||||||||||
| 3,354,623 | FGLMC | 3.000 | 02/01/45 | 3,549,483 | |||||||||||||
| 4,283,786 | FGLMC | 3.500 | 03/01/45 | 4,612,085 | |||||||||||||
| 2,546,278 | FGLMC | 4.000 | 03/01/45 | 2,806,133 | |||||||||||||
| 1,613,739 | FGLMC | 3.000 | 04/01/45 | 1,707,631 | |||||||||||||
| 3,341,130 | FGLMC | 3.500 | 04/01/45 | 3,607,485 | |||||||||||||
| 8,778,738 | FGLMC | 3.500 | 07/01/45 | 9,468,666 | |||||||||||||
| 7,055,254 | FGLMC | 4.500 | 07/01/45 | 7,803,725 | |||||||||||||
| 17,810,575 | FGLMC | 3.000 | 08/01/45 | 19,009,505 | |||||||||||||
| 14,266,164 | FGLMC | 3.500 | 10/01/45 | 15,576,172 | |||||||||||||
| 2,825,001 | FGLMC | 4.000 | 11/01/45 | 3,081,218 | |||||||||||||
| 5,278,728 | FGLMC | 3.500 | 12/01/45 | 5,673,249 | |||||||||||||
| 11,970,485 | FGLMC | 3.000 | 03/01/46 | 12,656,055 | |||||||||||||
| 4,007,788 | FGLMC | 3.500 | 03/01/46 | 4,306,427 | |||||||||||||
| 2,126,252 | FGLMC | 4.000 | 03/01/46 | 2,315,964 | |||||||||||||
| 8,769,494 | FGLMC | 3.000 | 04/01/46 | 9,271,861 | |||||||||||||
| 9,322,604 | FGLMC | 3.500 | 05/01/46 | 10,073,513 | |||||||||||||
| 6,583,661 | FGLMC | 3.500 | 08/01/46 | 7,087,598 | |||||||||||||
| 13,106,234 | FGLMC | 3.000 | 09/01/46 | 13,902,488 | |||||||||||||
| 5,648,622 | FGLMC | 4.000 | 09/01/46 | 6,116,737 | |||||||||||||
| 4,748,018 | FGLMC | 3.000 | 11/01/46 | 5,029,810 | |||||||||||||
| 16,645,150 | FGLMC | 3.000 | 11/01/46 | 17,528,995 | |||||||||||||
| 5,387,384 | FGLMC | 3.000 | 11/01/46 | 5,691,017 | |||||||||||||
| 3,327,100 | FGLMC | 3.000 | 12/01/46 | 3,516,036 | |||||||||||||
| 4,537,230 | FGLMC | 3.500 | 12/01/46 | 4,844,431 | |||||||||||||
| 119 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 7,653,955 | FGLMC | 3.000 | % | 02/01/47 | $ | 8,155,493 | ||||||||||
| 2,695,911 | FGLMC | 3.500 | 02/01/47 | 2,878,955 | |||||||||||||
| 2,344,572 | FGLMC | 4.000 | 02/01/47 | 2,536,665 | |||||||||||||
| 3,892,521 | FGLMC | 3.500 | 05/01/47 | 4,139,374 | |||||||||||||
| 2,802,877 | FGLMC | 3.000 | 08/01/47 | 2,963,680 | |||||||||||||
| 3,697,522 | FGLMC | 3.000 | 11/01/47 | 3,893,857 | |||||||||||||
| 5,889,916 | FGLMC | 3.000 | 12/01/47 | 6,185,498 | |||||||||||||
| 16,014,595 | FGLMC | 3.000 | 01/01/48 | 17,093,855 | |||||||||||||
| 6,271,945 | FGLMC | 3.000 | 02/01/48 | 6,580,131 | |||||||||||||
| 5,398,373 | FGLMC | 3.500 | 03/01/48 | 5,751,528 | |||||||||||||
| 4,632,027 | FGLMC | 3.500 | 05/01/48 | 4,908,986 | |||||||||||||
| 3,537,095 | FGLMC | 4.000 | 05/01/48 | 3,806,160 | |||||||||||||
| 4,776,330 | FGLMC | 3.500 | 07/01/48 | 5,066,098 | |||||||||||||
| 5,377,499 | FGLMC | 4.000 | 07/01/48 | 5,771,890 | |||||||||||||
| 9,858,202 | FGLMC | 4.000 | 08/01/48 | 10,569,428 | |||||||||||||
| 2,010,350 | FGLMC | 4.500 | 09/01/48 | 2,169,276 | |||||||||||||
| 7,655,763 | FGLMC | 4.000 | 10/01/48 | 8,191,129 | |||||||||||||
| 4,860,335 | FGLMC | 4.500 | 12/01/48 | 5,250,480 | |||||||||||||
| 2,734,234 | FGLMC | 4.500 | 02/01/49 | 2,956,970 | |||||||||||||
| 6,136,052 | FGLMC | 3.500 | 05/01/49 | 6,486,397 | |||||||||||||
| 19 | Federal National Mortgage Association (FNMA) | 5.500 | 11/01/21 | 19 | |||||||||||||
| 751 | FNMA | 5.500 | 10/01/22 | 760 | |||||||||||||
| 391 | FNMA | 6.000 | 10/01/22 | 398 | |||||||||||||
| 196 | FNMA | 5.000 | 03/01/23 | 204 | |||||||||||||
| 5,721 | FNMA | 4.500 | 06/01/23 | 5,984 | |||||||||||||
| 907 | FNMA | 5.000 | 06/01/23 | 945 | |||||||||||||
| 1,330 | FNMA | 5.500 | 06/01/23 | 1,484 | |||||||||||||
| 728 | FNMA | 5.000 | 07/01/23 | 758 | |||||||||||||
| 11,910 | FNMA | 5.000 | 07/01/23 | 12,413 | |||||||||||||
| 1,226 | FNMA | 5.500 | 08/01/23 | 1,259 | |||||||||||||
| 2,913 | FNMA | 5.000 | 11/01/23 | 3,192 | |||||||||||||
| 4 | FNMA | 5.500 | 11/01/23 | 4 | |||||||||||||
| 2,565 | FNMA | 5.500 | 01/01/24 | 2,583 | |||||||||||||
| 3,567 | FNMA | 5.500 | 02/01/24 | 3,979 | |||||||||||||
| 14,247 | FNMA | 4.000 | 03/01/24 | 15,089 | |||||||||||||
| 1,185 | FNMA | 4.500 | 04/01/24 | 1,243 | |||||||||||||
| 57,354 | FNMA | 4.000 | 05/01/24 | 60,739 | |||||||||||||
| 17,110 | FNMA | 4.000 | 05/01/24 | 18,120 | |||||||||||||
| 1,506 | FNMA | 4.000 | 06/01/24 | 1,595 | |||||||||||||
| 1,992 | FNMA | 4.500 | 07/01/24 | 2,088 | |||||||||||||
| 2,154 | FNMA | 5.500 | 07/01/24 | 2,403 | |||||||||||||
| 48 | FNMA | 8.000 | 07/01/24 | 52 | |||||||||||||
| 11,628 | FNMA | 4.500 | 08/01/24 | 12,180 | |||||||||||||
| 11,225 | FNMA | 4.000 | 09/01/24 | 11,890 | |||||||||||||
| 42,184 | FNMA | 4.000 | 09/01/24 | 44,700 | |||||||||||||
| 4,414 | FNMA | 4.500 | 09/01/24 | 4,637 | |||||||||||||
| 108,668 | FNMA | 4.500 | 10/01/24 | 114,051 | |||||||||||||
| 6,315 | FNMA | 5.000 | 01/01/25 | 6,934 | |||||||||||||
| 8,658 | FNMA | 4.500 | 02/01/25 | 9,116 | |||||||||||||
| 60,612 | FNMA | 4.500 | 03/01/25 | 63,703 | |||||||||||||
| 1,239 | FNMA | 4.500 | 03/01/25 | 1,298 | |||||||||||||
| 29,483 | FNMA | 5.000 | 03/01/25 | 32,373 | |||||||||||||
| 17,672 | FNMA | 4.500 | 04/01/25 | 18,556 | |||||||||||||
| 120 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 44,542 | FNMA | 4.500 | % | 04/01/25 | $ | 46,911 | ||||||||||
| 217,436 | FNMA | 4.000 | 05/01/25 | 230,382 | |||||||||||||
| 86,375 | FNMA | 4.000 | 06/01/25 | 91,535 | |||||||||||||
| 45,744 | FNMA | 4.500 | 06/01/25 | 48,214 | |||||||||||||
| 25,401 | FNMA | 4.000 | 08/01/25 | 26,920 | |||||||||||||
| 13,674 | FNMA | 5.500 | 08/01/25 | 15,413 | |||||||||||||
| 87,236 | FNMA | 3.500 | 09/01/25 | 93,050 | |||||||||||||
| 108,973 | FNMA | 4.000 | 09/01/25 | 115,412 | |||||||||||||
| 190,073 | FNMA | 3.500 | 10/01/25 | 202,904 | |||||||||||||
| 161,120 | FNMA | 3.500 | 10/01/25 | 172,036 | |||||||||||||
| 69,595 | FNMA | 5.000 | 10/01/25 | 76,403 | |||||||||||||
| 109,033 | FNMA | 4.000 | 11/01/25 | 115,592 | |||||||||||||
| 165,646 | FNMA | 3.500 | 12/01/25 | 176,839 | |||||||||||||
| 125,522 | FNMA | 3.500 | 02/01/26 | 133,993 | |||||||||||||
| 776,278 | FNMA | 3.500 | 02/01/26 | 828,607 | |||||||||||||
| 39,776 | FNMA | 4.000 | 03/01/26 | 42,259 | |||||||||||||
| 116,206 | FNMA | 4.000 | 06/01/26 | 123,343 | |||||||||||||
| 108,327 | FNMA | 3.500 | 08/01/26 | 115,573 | |||||||||||||
| 83,239 | FNMA | 3.500 | 09/01/26 | 88,897 | |||||||||||||
| 45,950 | FNMA | 4.000 | 09/01/26 | 48,834 | |||||||||||||
| 145,927 | FNMA | 3.500 | 10/01/26 | 155,807 | |||||||||||||
| 3,085 | FNMA | 6.000 | 10/01/26 | 3,459 | |||||||||||||
| 198,606 | FNMA | 3.000 | 11/01/26 | 209,034 | |||||||||||||
| 173,692 | FNMA | 3.000 | 12/01/26 | 182,947 | |||||||||||||
| 479,160 | FNMA | 3.000 | 01/01/27 | 504,696 | |||||||||||||
| 485,777 | FNMA | 4.000 | 01/01/27 | 514,980 | |||||||||||||
| 339,368 | FNMA | 3.500 | 02/01/27 | 363,076 | |||||||||||||
| 596,630 | FNMA | 3.000 | 04/01/27 | 629,516 | |||||||||||||
| 383,598 | FNMA | 3.000 | 04/01/27 | 404,700 | |||||||||||||
| 224,984 | FNMA | 3.500 | 05/01/27 | 241,287 | |||||||||||||
| 243,196 | FNMA | 2.500 | 06/01/27 | 254,347 | |||||||||||||
| 753,921 | FNMA | 3.000 | 06/01/27 | 795,649 | |||||||||||||
| 287,209 | FNMA | 2.500 | 07/01/27 | 300,570 | |||||||||||||
| 629,484 | FNMA | 2.500 | 09/01/27 | 658,863 | |||||||||||||
| 7,928 | FNMA | 5.500 | 09/01/27 | 8,850 | |||||||||||||
| 1,033,634 | FNMA | 2.500 | 10/01/27 | 1,081,851 | |||||||||||||
| 648,422 | FNMA | 3.000 | 11/01/27 | 683,831 | |||||||||||||
| 1,347 | FNMA | 5.500 | 01/01/28 | 1,514 | |||||||||||||
| 2,656,963 | FNMA | 2.500 | 02/01/28 | 2,787,460 | |||||||||||||
| 2,075,012 | FNMA | 2.500 | 02/01/28 | 2,171,902 | |||||||||||||
| 980 | FNMA | 5.000 | 02/01/28 | 1,082 | |||||||||||||
| 1,540,717 | FNMA | 2.500 | 04/01/28 | 1,612,658 | |||||||||||||
| 2,271,449 | FNMA | 2.500 | 04/01/28 | 2,377,551 | |||||||||||||
| 5,897 | FNMA | 5.500 | 06/01/28 | 6,599 | |||||||||||||
| 628,469 | FNMA | 2.500 | 07/01/28 | 657,787 | |||||||||||||
| 1,274,889 | FNMA | 2.500 | 08/01/28 | 1,334,370 | |||||||||||||
| 1,539,433 | FNMA | 3.000 | 10/01/28 | 1,624,142 | |||||||||||||
| 1,001 | FNMA | 5.500 | 11/01/28 | 1,120 | |||||||||||||
| 6 | FNMA | 7.500 | 01/01/29 | 6 | |||||||||||||
| 2,052,551 | FNMA | 3.000 | 03/01/29 | 2,165,706 | |||||||||||||
| 8,199 | FNMA | 4.000 | 03/01/29 | 8,781 | |||||||||||||
| 7,626,685 | FNMA | 3.000 | 04/01/29 | 8,078,044 | |||||||||||||
| 29,858 | FNMA | 4.500 | 04/01/29 | 32,284 | |||||||||||||
| 22,163 | FNMA | 4.000 | 05/01/29 | 23,738 | |||||||||||||
| 121 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 11,583 | FNMA | 4.500 | % | 06/01/29 | $ | 12,523 | ||||||||||
| 4,099 | FNMA | 4.000 | 07/01/29 | 4,411 | |||||||||||||
| 77,547 | FNMA | 4.500 | 08/01/29 | 83,837 | |||||||||||||
| 9,674,411 | FNMA | 3.500 | 09/01/29 | 10,445,012 | |||||||||||||
| 15,499 | FNMA | 4.500 | 09/01/29 | 16,745 | |||||||||||||
| 17,098 | FNMA | 4.500 | 11/01/29 | 18,512 | |||||||||||||
| 4,286 | FNMA | 4.500 | 01/01/30 | 4,676 | |||||||||||||
| 1,167,195 | FNMA | 2.500 | 02/01/30 | 1,221,439 | |||||||||||||
| 9,741 | FNMA | 4.000 | 03/01/30 | 10,504 | |||||||||||||
| 4,394 | FNMA | 4.500 | 05/01/30 | 4,794 | |||||||||||||
| 6,285 | FNMA | 4.500 | 06/01/30 | 6,859 | |||||||||||||
| 2,819,121 | FNMA | 3.000 | 07/01/30 | 2,981,636 | |||||||||||||
| 57,068 | FNMA | 4.500 | 08/01/30 | 62,273 | |||||||||||||
| 12,844 | FNMA | 4.000 | 09/01/30 | 13,853 | |||||||||||||
| 87,647 | FNMA | 4.000 | 10/01/30 | 94,517 | |||||||||||||
| 719,430 | FNMA | 4.000 | 11/01/30 | 775,965 | |||||||||||||
| 129,842 | FNMA | 4.000 | 11/01/30 | 140,969 | |||||||||||||
| 27,203 | FNMA | 4.500 | 12/01/30 | 29,685 | |||||||||||||
| 2,438,679 | FNMA | 3.000 | 02/01/31 | 2,577,027 | |||||||||||||
| 39,580 | FNMA | 3.500 | 02/01/31 | 42,448 | |||||||||||||
| 44,163 | FNMA | 4.000 | 02/01/31 | 47,961 | |||||||||||||
| 436 | FNMA | 7.500 | 03/01/31 | 513 | |||||||||||||
| 3,103,095 | FNMA | 2.500 | 04/01/31 | 3,247,410 | |||||||||||||
| 118,723 | FNMA | 3.500 | 04/01/31 | 126,167 | |||||||||||||
| 13,877 | FNMA | 4.000 | 04/01/31 | 15,070 | |||||||||||||
| 2,765,755 | FNMA | 3.000 | 05/01/31 | 2,925,969 | |||||||||||||
| 1,396 | FNMA | 6.000 | 05/01/31 | 1,633 | |||||||||||||
| 3,350,766 | FNMA | 2.500 | 06/01/31 | 3,506,888 | |||||||||||||
| 605,935 | FNMA | 4.500 | 07/01/31 | 671,459 | |||||||||||||
| 73,257 | FNMA | 4.500 | 07/01/31 | 79,943 | |||||||||||||
| 421,526 | FNMA | 4.000 | 08/01/31 | 457,790 | |||||||||||||
| 4,267,358 | FNMA | 2.500 | 09/01/31 | 4,466,309 | |||||||||||||
| 2,332,148 | FNMA | 3.000 | 09/01/31 | 2,465,917 | |||||||||||||
| 27,005 | FNMA | 4.000 | 09/01/31 | 29,329 | |||||||||||||
| 280 | FNMA | 6.500 | 09/01/31 | 315 | |||||||||||||
| 14,607 | FNMA | 6.000 | 11/01/31 | 17,109 | |||||||||||||
| 2,009 | FNMA | 6.500 | 11/01/31 | 2,290 | |||||||||||||
| 4,538,916 | FNMA | 2.500 | 12/01/31 | 4,750,788 | |||||||||||||
| 759,037 | FNMA | 3.500 | 01/01/32 | 806,861 | |||||||||||||
| 5,114 | FNMA | 6.000 | 01/01/32 | 5,990 | |||||||||||||
| 760 | FNMA | 6.000 | 01/01/32 | 851 | |||||||||||||
| 315,445 | FNMA | 3.500 | 02/01/32 | 335,315 | |||||||||||||
| 3,311 | FNMA | 6.000 | 02/01/32 | 3,852 | |||||||||||||
| 3,069,431 | FNMA | 3.000 | 03/01/32 | 3,243,398 | |||||||||||||
| 16,435 | FNMA | 6.500 | 04/01/32 | 19,193 | |||||||||||||
| 10,760,774 | FNMA | 3.000 | 06/01/32 | 11,369,428 | |||||||||||||
| 29,669 | FNMA | 6.500 | 07/01/32 | 33,630 | |||||||||||||
| 5,713 | FNMA | 6.500 | 08/01/32 | 6,465 | |||||||||||||
| 352,143 | FNMA | 3.000 | 09/01/32 | 374,798 | |||||||||||||
| 5,193 | FNMA | 7.500 | 09/01/32 | 5,352 | |||||||||||||
| 1,047,717 | FNMA | 3.000 | 10/01/32 | 1,108,740 | |||||||||||||
| 26,702 | FNMA | 5.500 | 10/01/32 | 30,662 | |||||||||||||
| 7,404 | FNMA | 6.000 | 11/01/32 | 8,670 | |||||||||||||
| 122 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 6,938,391 | FNMA | 3.000 | % | 12/01/32 | $ | 7,331,586 | ||||||||||
| 12,283 | FNMA | 5.500 | 12/01/32 | 14,147 | |||||||||||||
| 441 | FNMA | 5.500 | 12/01/32 | 493 | |||||||||||||
| 11,644 | FNMA | 6.000 | 12/01/32 | 13,467 | |||||||||||||
| 70,350 | FNMA | 5.500 | 01/01/33 | 80,949 | |||||||||||||
| 150,330 | FNMA | 6.000 | 01/01/33 | 175,989 | |||||||||||||
| 61,715 | FNMA | 5.000 | 02/01/33 | 69,975 | |||||||||||||
| 3,095 | FNMA | 5.000 | 02/01/33 | 3,413 | |||||||||||||
| 765,513 | FNMA | 3.000 | 04/01/33 | 817,159 | |||||||||||||
| 862,490 | FNMA | 3.500 | 04/01/33 | 929,491 | |||||||||||||
| 3,589 | FNMA | 6.000 | 04/01/33 | 4,180 | |||||||||||||
| 4,948,309 | FNMA | 3.500 | 05/01/33 | 5,313,789 | |||||||||||||
| 452,187 | FNMA | 5.500 | 05/01/33 | 514,897 | |||||||||||||
| 26,061 | FNMA | 5.000 | 06/01/33 | 29,615 | |||||||||||||
| 54,393 | FNMA | 5.500 | 06/01/33 | 62,671 | |||||||||||||
| 7,299 | FNMA | 4.500 | 07/01/33 | 7,970 | |||||||||||||
| 30,874 | FNMA | 5.000 | 07/01/33 | 35,146 | |||||||||||||
| 47,942 | FNMA | 4.500 | 08/01/33 | 52,697 | |||||||||||||
| 3,684 | FNMA | 4.500 | 08/01/33 | 3,983 | |||||||||||||
| 9,243 | FNMA | 5.000 | 08/01/33 | 10,526 | |||||||||||||
| 22,974 | FNMA | 5.500 | 09/01/33 | 25,671 | |||||||||||||
| 62,870 | FNMA | 5.500 | 09/01/33 | 70,307 | |||||||||||||
| 6,818 | FNMA | 6.000 | 09/01/33 | 7,724 | |||||||||||||
| 71,411 | FNMA | 4.500 | 10/01/33 | 79,408 | |||||||||||||
| 11,416 | FNMA | 5.000 | 10/01/33 | 13,002 | |||||||||||||
| 5,267 | FNMA | 5.000 | 10/01/33 | 5,828 | |||||||||||||
| 109,973 | FNMA | 5.500 | 10/01/33 | 123,729 | |||||||||||||
| 235,741 | FNMA | 5.500 | 10/01/33 | 270,984 | |||||||||||||
| 3,655 | FNMA | 4.500 | 11/01/33 | 4,062 | |||||||||||||
| 14,416 | FNMA | 5.000 | 11/01/33 | 16,411 | |||||||||||||
| 986,922 | FNMA | 5.000 | 11/01/33 | 1,123,187 | |||||||||||||
| 111,706 | FNMA | 5.000 | 12/01/33 | 126,892 | |||||||||||||
| 129,663 | FNMA | 5.500 | 12/01/33 | 148,978 | |||||||||||||
| 1,429,536 | FNMA | 3.000 | 01/01/34 | 1,522,557 | |||||||||||||
| 44,518 | FNMA | 5.000 | 02/01/34 | 49,681 | |||||||||||||
| 193,924 | FNMA | 6.000 | 02/01/34 | 222,166 | |||||||||||||
| 4,632 | FNMA | 5.000 | 03/01/34 | 5,265 | |||||||||||||
| 262,932 | FNMA | 5.000 | 03/01/34 | 298,962 | |||||||||||||
| 11,143 | FNMA | 5.000 | 03/01/34 | 12,664 | |||||||||||||
| 5,996 | FNMA | 5.000 | 03/01/34 | 6,809 | |||||||||||||
| 13,099 | FNMA | 5.000 | 03/01/34 | 14,633 | |||||||||||||
| 3,882 | FNMA | 5.000 | 03/01/34 | 4,411 | |||||||||||||
| 37,636 | FNMA | 5.000 | 04/01/34 | 42,884 | |||||||||||||
| 39,994 | FNMA | 5.500 | 04/01/34 | 45,707 | |||||||||||||
| 17,762 | FNMA | 4.500 | 05/01/34 | 19,633 | |||||||||||||
| 8,031 | FNMA | 4.500 | 05/01/34 | 8,820 | |||||||||||||
| 9,104 | FNMA | 5.500 | 07/01/34 | 10,529 | |||||||||||||
| 13,968 | FNMA | 5.500 | 07/01/34 | 16,154 | |||||||||||||
| 13,447 | FNMA | 7.000 | 07/01/34 | 15,356 | |||||||||||||
| 106,071 | FNMA | 5.000 | 08/01/34 | 120,837 | |||||||||||||
| 11,567 | FNMA | 5.000 | 08/01/34 | 13,153 | |||||||||||||
| 63,209 | FNMA | 6.000 | 08/01/34 | 72,829 | |||||||||||||
| 11,130 | FNMA | 6.000 | 08/01/34 | 13,019 | |||||||||||||
| 12,178,503 | FNMA | 3.500 | 09/01/34 | 13,048,124 | |||||||||||||
| 123 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 6,823 | FNMA | 4.500 | % | 09/01/34 | $ | 7,586 | ||||||||||
| 222,355 | FNMA | 5.500 | 09/01/34 | 257,101 | |||||||||||||
| 9,299,370 | FNMA | 2.500 | 11/01/34 | 9,702,143 | |||||||||||||
| 2,076 | FNMA | 5.500 | 11/01/34 | 2,405 | |||||||||||||
| 8,849 | FNMA | 6.000 | 11/01/34 | 9,934 | |||||||||||||
| 13,050,642 | FNMA | 2.500 | 12/01/34 | 13,619,766 | |||||||||||||
| 19,820,056 | FNMA | 3.000 | 12/01/34 | 20,912,250 | |||||||||||||
| 3,336 | FNMA | 5.000 | 12/01/34 | 3,797 | |||||||||||||
| 2,028 | FNMA | 5.500 | 12/01/34 | 2,348 | |||||||||||||
| 9,200 | FNMA | 6.000 | 12/01/34 | 10,509 | |||||||||||||
| 298,888 | FNMA | 4.500 | 01/01/35 | 331,854 | |||||||||||||
| 28,360 | FNMA | 5.500 | 01/01/35 | 32,398 | |||||||||||||
| 10,700,369 | FNMA | 3.500 | 02/01/35 | 11,461,479 | |||||||||||||
| 658,903 | FNMA | 5.500 | 02/01/35 | 760,659 | |||||||||||||
| 29,792 | FNMA | 5.500 | 02/01/35 | 34,496 | |||||||||||||
| 8,465,138 | FNMA | 2.500 | 03/01/35 | 8,831,155 | |||||||||||||
| 112,144 | FNMA | 5.500 | 04/01/35 | 125,421 | |||||||||||||
| 28,073 | FNMA | 6.000 | 04/01/35 | 32,510 | |||||||||||||
| 27,025 | FNMA | 6.000 | 04/01/35 | 31,073 | |||||||||||||
| 10,743,797 | FNMA | 2.500 | 05/01/35 | 11,210,691 | |||||||||||||
| 9,857,077 | FNMA | 3.000 | 05/01/35 | 10,403,934 | |||||||||||||
| 34,982 | FNMA | 6.000 | 05/01/35 | 40,633 | |||||||||||||
| 11,108 | FNMA | 5.000 | 06/01/35 | 12,653 | |||||||||||||
| 1,546 | i | FNMA | LIBOR 12 M + 1.570% | 1.820 | 07/01/35 | 1,562 | |||||||||||
| 32,689 | FNMA | 5.000 | 07/01/35 | 37,212 | |||||||||||||
| 2,897,692 | FNMA | 3.000 | 08/01/35 | 3,088,950 | |||||||||||||
| 70,393 | FNMA | 4.500 | 08/01/35 | 78,228 | |||||||||||||
| 68,787 | FNMA | 5.000 | 08/01/35 | 77,770 | |||||||||||||
| 48,929 | FNMA | 5.000 | 08/01/35 | 55,793 | |||||||||||||
| 2,579 | FNMA | 4.500 | 09/01/35 | 2,869 | |||||||||||||
| 3,201 | FNMA | 4.500 | 09/01/35 | 3,559 | |||||||||||||
| 8,278 | FNMA | 5.500 | 09/01/35 | 9,578 | |||||||||||||
| 10,589,438 | FNMA | 2.500 | 10/01/35 | 11,031,853 | |||||||||||||
| 21,039 | FNMA | 5.000 | 10/01/35 | 23,124 | |||||||||||||
| 104,087 | FNMA | 5.500 | 10/01/35 | 120,428 | |||||||||||||
| 20,804,190 | FNMA | 1.500 | 11/01/35 | 21,024,588 | |||||||||||||
| 19,934,982 | FNMA | 2.000 | 11/01/35 | 20,547,392 | |||||||||||||
| 11,385,947 | FNMA | 2.500 | 11/01/35 | 11,887,464 | |||||||||||||
| 102,245 | FNMA | 5.500 | 11/01/35 | 118,651 | |||||||||||||
| 8,132,558 | FNMA | 2.000 | 12/01/35 | 8,382,393 | |||||||||||||
| 27,325,106 | FNMA | 1.500 | 01/01/36 | 27,614,586 | |||||||||||||
| 3,583,432 | FNMA | 3.500 | 01/01/36 | 3,861,187 | |||||||||||||
| 31,077 | i | FNMA | LIBOR 12 M + 1.535% | 1.910 | 02/01/36 | 31,417 | |||||||||||
| 234,099 | FNMA | 5.000 | 02/01/36 | 267,101 | |||||||||||||
| 18,430,767 | FNMA | 1.500 | 03/01/36 | 18,626,021 | |||||||||||||
| 92,284,449 | FNMA | 2.000 | 03/01/36 | 95,119,459 | |||||||||||||
| 100,606 | FNMA | 6.000 | 03/01/36 | 117,591 | |||||||||||||
| 9,460,839 | FNMA | 1.500 | 04/01/36 | 9,561,066 | |||||||||||||
| 9,619,806 | FNMA | 1.000 | 05/01/36 | 9,455,050 | |||||||||||||
| 28,834,165 | FNMA | 1.500 | 05/01/36 | 29,139,631 | |||||||||||||
| 52,679,314 | FNMA | 2.000 | 05/01/36 | 54,297,640 | |||||||||||||
| 1,232,491 | FNMA | 3.500 | 05/01/36 | 1,334,257 | |||||||||||||
| 1,459 | FNMA | 5.000 | 05/01/36 | 1,649 | |||||||||||||
| 124 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 137,551 | FNMA | 6.000 | % | 06/01/36 | $ | 161,361 | ||||||||||
| 16,654 | i | FNMA | LIBOR 12 M + 1.595% | 1.845 | 07/01/36 | 16,787 | |||||||||||
| 19,485,105 | FNMA | 2.000 | 07/01/36 | 20,083,694 | |||||||||||||
| 8,727 | FNMA | 6.000 | 07/01/36 | 10,027 | |||||||||||||
| 47,678 | FNMA | 6.500 | 07/01/36 | 53,867 | |||||||||||||
| 9,127,519 | FNMA | 3.000 | 08/01/36 | 9,676,337 | |||||||||||||
| 76,878 | FNMA | 5.500 | 08/01/36 | 85,990 | |||||||||||||
| 103,618 | FNMA | 6.500 | 08/01/36 | 123,075 | |||||||||||||
| 14,921,723 | FNMA | 1.500 | 09/01/36 | 15,079,802 | |||||||||||||
| 19,849,349 | FNMA | 2.000 | 09/01/36 | 20,459,128 | |||||||||||||
| 19,893,685 | FNMA | 2.500 | 09/01/36 | 20,727,866 | |||||||||||||
| 1,512,666 | FNMA | 3.000 | 09/01/36 | 1,601,629 | |||||||||||||
| 7,980 | FNMA | 5.500 | 09/01/36 | 9,234 | |||||||||||||
| 2,984 | FNMA | 6.500 | 09/01/36 | 3,441 | |||||||||||||
| 9,191 | FNMA | 6.500 | 09/01/36 | 10,759 | |||||||||||||
| 10,000,000 | h | FNMA | 2.000 | 10/01/36 | 10,307,204 | ||||||||||||
| 10,000,000 | FNMA | 2.000 | 10/01/36 | 10,307,204 | |||||||||||||
| 14,030 | FNMA | 6.000 | 10/01/36 | 16,579 | |||||||||||||
| 3,308,233 | FNMA | 3.000 | 11/01/36 | 3,502,715 | |||||||||||||
| 6,932 | FNMA | 6.500 | 11/01/36 | 7,990 | |||||||||||||
| 40,631 | FNMA | 6.000 | 12/01/36 | 48,013 | |||||||||||||
| 6,543 | i | FNMA | LIBOR 12 M + 1.754% | 2.129 | 01/01/37 | 6,641 | |||||||||||
| 18,360 | FNMA | 5.500 | 01/01/37 | 21,394 | |||||||||||||
| 616 | i | FNMA | LIBOR 6 M + 1.460% | 1.585 | 02/01/37 | 630 | |||||||||||
| 127,385 | FNMA | 5.500 | 02/01/37 | 148,131 | |||||||||||||
| 7,579 | FNMA | 6.000 | 02/01/37 | 8,941 | |||||||||||||
| 12,048 | FNMA | 7.000 | 02/01/37 | 13,777 | |||||||||||||
| 2,480 | i | FNMA | LIBOR 12 M + 1.809% | 2.184 | 03/01/37 | 2,495 | |||||||||||
| 1,092 | FNMA | 5.000 | 03/01/37 | 1,243 | |||||||||||||
| 43,630 | FNMA | 6.500 | 03/01/37 | 51,419 | |||||||||||||
| 43,679 | FNMA | 6.500 | 03/01/37 | 50,032 | |||||||||||||
| 24,358 | FNMA | 7.000 | 04/01/37 | 28,888 | |||||||||||||
| 44,232 | FNMA | 5.000 | 05/01/37 | 50,321 | |||||||||||||
| 1,419 | FNMA | 7.000 | 05/01/37 | 1,494 | |||||||||||||
| 5,997 | i | FNMA | LIBOR 12 M + 1.782% | 2.048 | 06/01/37 | 6,033 | |||||||||||
| 10,136 | FNMA | 5.500 | 06/01/37 | 11,740 | |||||||||||||
| 12,249 | FNMA | 5.500 | 08/01/37 | 14,221 | |||||||||||||
| 5,296 | FNMA | 6.000 | 08/01/37 | 6,204 | |||||||||||||
| 6,645 | FNMA | 6.500 | 08/01/37 | 7,463 | |||||||||||||
| 14,355 | FNMA | 5.500 | 09/01/37 | 16,051 | |||||||||||||
| 20,777 | FNMA | 6.000 | 09/01/37 | 24,037 | |||||||||||||
| 43,618 | FNMA | 6.000 | 09/01/37 | 51,426 | |||||||||||||
| 22,659 | FNMA | 6.000 | 09/01/37 | 26,750 | |||||||||||||
| 81,338 | FNMA | 6.000 | 09/01/37 | 95,637 | |||||||||||||
| 63,649 | FNMA | 6.000 | 09/01/37 | 73,635 | |||||||||||||
| 4,090 | FNMA | 6.500 | 09/01/37 | 4,594 | |||||||||||||
| 12,497 | FNMA | 6.500 | 09/01/37 | 14,036 | |||||||||||||
| 11,469 | i | FNMA | DGS1 + 2.275% | 2.400 | 10/01/37 | 11,552 | |||||||||||
| 8,703 | FNMA | 6.500 | 10/01/37 | 9,973 | |||||||||||||
| 9,693,087 | FNMA | 3.500 | 11/01/37 | 10,329,411 | |||||||||||||
| 74,589 | FNMA | 5.500 | 11/01/37 | 87,013 | |||||||||||||
| 156,652 | FNMA | 6.000 | 11/01/37 | 185,121 | |||||||||||||
| 2,699 | FNMA | 7.000 | 11/01/37 | 2,788 | |||||||||||||
| 2,854,483 | FNMA | 3.000 | 12/01/37 | 3,012,450 | |||||||||||||
| 125 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 3,303,168 | FNMA | 4.000 | % | 01/01/38 | $ | 3,580,172 | ||||||||||
| 493 | FNMA | 6.500 | 01/01/38 | 556 | |||||||||||||
| 43,217 | FNMA | 5.500 | 02/01/38 | 49,972 | |||||||||||||
| 25,697 | FNMA | 6.500 | 02/01/38 | 28,863 | |||||||||||||
| 11,480 | FNMA | 7.000 | 02/01/38 | 13,701 | |||||||||||||
| 12,030 | i | FNMA | LIBOR 12 M + 1.770% | 2.145 | 03/01/38 | 12,055 | |||||||||||
| 4,517 | FNMA | 5.000 | 03/01/38 | 5,162 | |||||||||||||
| 2,108 | FNMA | 5.000 | 03/01/38 | 2,410 | |||||||||||||
| 8,136 | FNMA | 5.500 | 03/01/38 | 9,449 | |||||||||||||
| 3,411 | FNMA | 6.000 | 03/01/38 | 4,058 | |||||||||||||
| 5,001 | FNMA | 6.500 | 03/01/38 | 5,832 | |||||||||||||
| 34,540 | FNMA | 6.500 | 03/01/38 | 38,997 | |||||||||||||
| 4,907 | FNMA | 6.500 | 03/01/38 | 5,512 | |||||||||||||
| 135,332 | FNMA | 5.500 | 04/01/38 | 157,910 | |||||||||||||
| 134,639 | FNMA | 6.000 | 04/01/38 | 157,504 | |||||||||||||
| 12,295 | FNMA | 4.500 | 05/01/38 | 13,486 | |||||||||||||
| 490,624 | FNMA | 5.000 | 05/01/38 | 559,183 | |||||||||||||
| 109,173 | FNMA | 5.000 | 05/01/38 | 124,835 | |||||||||||||
| 333,023 | FNMA | 6.000 | 06/01/38 | 393,551 | |||||||||||||
| 566,643 | FNMA | 6.500 | 06/01/38 | 658,468 | |||||||||||||
| 123,580 | FNMA | 6.000 | 07/01/38 | 146,038 | |||||||||||||
| 928 | i | FNMA | LIBOR 12 M + 1.603% | 1.853 | 08/01/38 | 970 | |||||||||||
| 319 | i | FNMA | LIBOR 12 M + 1.750% | 2.000 | 08/01/38 | 320 | |||||||||||
| 365,208 | FNMA | 6.000 | 09/01/38 | 431,584 | |||||||||||||
| 10,266 | i | FNMA | LIBOR 12 M + 1.321% | 1.821 | 10/01/38 | 10,273 | |||||||||||
| 626 | FNMA | 6.000 | 10/01/38 | 706 | |||||||||||||
| 5,041 | FNMA | 5.500 | 11/01/38 | 5,824 | |||||||||||||
| 1,725 | FNMA | 5.000 | 12/01/38 | 1,964 | |||||||||||||
| 358,936 | FNMA | 5.500 | 12/01/38 | 416,074 | |||||||||||||
| 37,127 | FNMA | 4.500 | 01/01/39 | 41,068 | |||||||||||||
| 30,578 | FNMA | 5.000 | 01/01/39 | 34,414 | |||||||||||||
| 1,313,320 | FNMA | 5.000 | 01/01/39 | 1,480,184 | |||||||||||||
| 61,640 | FNMA | 5.500 | 01/01/39 | 71,922 | |||||||||||||
| 199,393 | FNMA | 5.500 | 01/01/39 | 232,763 | |||||||||||||
| 12,808 | FNMA | 6.000 | 01/01/39 | 15,049 | |||||||||||||
| 1,470 | FNMA | 6.000 | 01/01/39 | 1,650 | |||||||||||||
| 61,897 | FNMA | 4.500 | 02/01/39 | 68,767 | |||||||||||||
| 198,431 | FNMA | 4.500 | 02/01/39 | 222,471 | |||||||||||||
| 101,044 | FNMA | 4.500 | 02/01/39 | 112,870 | |||||||||||||
| 4,162 | FNMA | 5.500 | 02/01/39 | 4,853 | |||||||||||||
| 194,726 | FNMA | 4.000 | 04/01/39 | 214,277 | |||||||||||||
| 9,661 | FNMA | 5.500 | 04/01/39 | 11,106 | |||||||||||||
| 354,824 | FNMA | 4.500 | 05/01/39 | 397,775 | |||||||||||||
| 67,731 | FNMA | 4.500 | 05/01/39 | 75,103 | |||||||||||||
| 191,364 | FNMA | 4.500 | 06/01/39 | 213,639 | |||||||||||||
| 65,422 | FNMA | 4.500 | 06/01/39 | 73,303 | |||||||||||||
| 158,404 | FNMA | 5.500 | 06/01/39 | 184,847 | |||||||||||||
| 4,157 | i | FNMA | LIBOR 12 M + 1.835% | 2.085 | 07/01/39 | 4,389 | |||||||||||
| 42,053 | FNMA | 4.500 | 07/01/39 | 47,131 | |||||||||||||
| 42,646 | FNMA | 4.500 | 07/01/39 | 47,617 | |||||||||||||
| 4,112 | FNMA | 5.000 | 07/01/39 | 4,660 | |||||||||||||
| 6,108 | i | FNMA | LIBOR 12 M + 1.650% | 1.900 | 08/01/39 | 6,198 | |||||||||||
| 7,477 | i | FNMA | LIBOR 12 M + 1.690% | 1.940 | 08/01/39 | 7,867 | |||||||||||
| 126 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 694,812 | FNMA | 4.000 | % | 08/01/39 | $ | 765,824 | ||||||||||
| 112,874 | FNMA | 4.000 | 08/01/39 | 124,411 | |||||||||||||
| 9,782 | FNMA | 4.500 | 08/01/39 | 10,997 | |||||||||||||
| 501,525 | FNMA | 4.500 | 08/01/39 | 562,249 | |||||||||||||
| 138,588 | FNMA | 4.500 | 08/01/39 | 154,750 | |||||||||||||
| 544,694 | FNMA | 5.000 | 08/01/39 | 619,191 | |||||||||||||
| 4,382 | FNMA | 5.000 | 08/01/39 | 4,951 | |||||||||||||
| 262,527 | FNMA | 4.000 | 09/01/39 | 288,919 | |||||||||||||
| 22,460 | FNMA | 5.000 | 09/01/39 | 25,637 | |||||||||||||
| 115,984 | FNMA | 5.500 | 09/01/39 | 134,365 | |||||||||||||
| 74,326 | FNMA | 6.000 | 09/01/39 | 87,834 | |||||||||||||
| 254,523 | FNMA | 6.500 | 10/01/39 | 307,966 | |||||||||||||
| 13,159 | FNMA | 5.000 | 11/01/39 | 15,052 | |||||||||||||
| 282,989 | FNMA | 4.000 | 12/01/39 | 311,939 | |||||||||||||
| 33,593 | FNMA | 4.500 | 12/01/39 | 37,337 | |||||||||||||
| 65,657 | FNMA | 4.500 | 12/01/39 | 73,318 | |||||||||||||
| 1,017,121 | FNMA | 4.500 | 12/01/39 | 1,136,161 | |||||||||||||
| 8,872 | i | FNMA | LIBOR 12 M + 1.815% | 2.190 | 01/01/40 | 9,379 | |||||||||||
| 22,086 | FNMA | 4.500 | 01/01/40 | 24,761 | |||||||||||||
| 26,679 | FNMA | 5.000 | 01/01/40 | 30,517 | |||||||||||||
| 166,729 | FNMA | 6.000 | 02/01/40 | 197,035 | |||||||||||||
| 8,293,788 | FNMA | 2.500 | 03/01/40 | 8,568,728 | |||||||||||||
| 210,042 | FNMA | 4.500 | 03/01/40 | 235,414 | |||||||||||||
| 106,735 | FNMA | 4.500 | 03/01/40 | 119,189 | |||||||||||||
| 9,313 | FNMA | 5.000 | 03/01/40 | 10,528 | |||||||||||||
| 10,553,903 | FNMA | 2.500 | 04/01/40 | 10,900,819 | |||||||||||||
| 11,544,306 | FNMA | 3.000 | 04/01/40 | 12,108,114 | |||||||||||||
| 9,801 | FNMA | 4.500 | 04/01/40 | 10,869 | |||||||||||||
| 358,040 | FNMA | 5.000 | 04/01/40 | 404,806 | |||||||||||||
| 256,677 | FNMA | 5.000 | 04/01/40 | 291,903 | |||||||||||||
| 32,942 | i | FNMA | LIBOR 12 M + 1.783% | 2.085 | 05/01/40 | 34,767 | |||||||||||
| 17,987 | i | FNMA | LIBOR 12 M + 1.864% | 2.114 | 05/01/40 | 18,313 | |||||||||||
| 41,331 | i | FNMA | LIBOR 12 M + 1.842% | 2.219 | 05/01/40 | 43,737 | |||||||||||
| 15,129 | FNMA | 4.500 | 05/01/40 | 16,843 | |||||||||||||
| 9,058,334 | FNMA | 2.500 | 06/01/40 | 9,347,824 | |||||||||||||
| 23,998 | FNMA | 4.500 | 07/01/40 | 26,799 | |||||||||||||
| 23,448 | FNMA | 4.500 | 07/01/40 | 26,189 | |||||||||||||
| 31,780 | FNMA | 5.000 | 07/01/40 | 36,143 | |||||||||||||
| 9,447 | i | FNMA | LIBOR 12 M + 1.805% | 2.055 | 08/01/40 | 9,460 | |||||||||||
| 196,182 | FNMA | 4.500 | 08/01/40 | 218,832 | |||||||||||||
| 280,921 | FNMA | 4.500 | 08/01/40 | 313,343 | |||||||||||||
| 209,727 | FNMA | 5.000 | 08/01/40 | 234,593 | |||||||||||||
| 472,902 | FNMA | 4.500 | 09/01/40 | 528,364 | |||||||||||||
| 190,081 | FNMA | 4.500 | 09/01/40 | 210,814 | |||||||||||||
| 461,977 | FNMA | 6.000 | 09/01/40 | 545,009 | |||||||||||||
| 65,815 | FNMA | 3.500 | 10/01/40 | 71,416 | |||||||||||||
| 296,979 | FNMA | 4.000 | 10/01/40 | 327,422 | |||||||||||||
| 694,349 | FNMA | 4.000 | 10/01/40 | 765,191 | |||||||||||||
| 511,572 | FNMA | 4.500 | 10/01/40 | 571,537 | |||||||||||||
| 560,547 | FNMA | 3.500 | 11/01/40 | 606,584 | |||||||||||||
| 624,935 | FNMA | 4.000 | 11/01/40 | 687,952 | |||||||||||||
| 648,943 | FNMA | 4.000 | 11/01/40 | 716,005 | |||||||||||||
| 378,056 | FNMA | 4.000 | 11/01/40 | 416,815 | |||||||||||||
| 74,782 | FNMA | 4.500 | 11/01/40 | 83,838 | |||||||||||||
| 127 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 17,576,422 | FNMA | 2.000 | % | 12/01/40 | $ | 17,701,845 | ||||||||||
| 25,609 | i | FNMA | LIBOR 12 M + 1.823% | 2.198 | 12/01/40 | 25,603 | |||||||||||
| 208,104 | FNMA | 4.000 | 12/01/40 | 229,450 | |||||||||||||
| 1,734,849 | FNMA | 4.500 | 12/01/40 | 1,943,048 | |||||||||||||
| 19,568 | FNMA | 3.500 | 01/01/41 | 21,172 | |||||||||||||
| 5,655,627 | FNMA | 1.500 | 02/01/41 | 5,586,114 | |||||||||||||
| 14,097,093 | FNMA | 2.000 | 02/01/41 | 14,293,397 | |||||||||||||
| 25,244 | i | FNMA | LIBOR 12 M + 1.809% | 2.177 | 02/01/41 | 26,683 | |||||||||||
| 90,148 | FNMA | 3.500 | 02/01/41 | 97,524 | |||||||||||||
| 570,950 | FNMA | 4.000 | 02/01/41 | 629,079 | |||||||||||||
| 552,997 | FNMA | 4.000 | 03/01/41 | 609,764 | |||||||||||||
| 19,307,812 | FNMA | 2.000 | 04/01/41 | 19,520,790 | |||||||||||||
| 425,349 | FNMA | 4.500 | 04/01/41 | 474,613 | |||||||||||||
| 489,194 | FNMA | 4.500 | 05/01/41 | 541,591 | |||||||||||||
| 105,450 | FNMA | 4.500 | 05/01/41 | 118,200 | |||||||||||||
| 263,927 | FNMA | 4.500 | 06/01/41 | 293,322 | |||||||||||||
| 58,507 | i | FNMA | LIBOR 12 M + 1.787% | 2.046 | 07/01/41 | 61,706 | |||||||||||
| 364,818 | FNMA | 4.500 | 07/01/41 | 407,606 | |||||||||||||
| 14,846,098 | FNMA | 2.000 | 08/01/41 | 15,081,512 | |||||||||||||
| 24,919,153 | FNMA | 1.500 | 09/01/41 | 24,689,947 | |||||||||||||
| 4,980,583 | FNMA | 2.000 | 09/01/41 | 5,068,435 | |||||||||||||
| 821,940 | FNMA | 4.000 | 09/01/41 | 904,679 | |||||||||||||
| 488,502 | FNMA | 4.500 | 09/01/41 | 542,909 | |||||||||||||
| 202,804 | FNMA | 5.500 | 09/01/41 | 235,467 | |||||||||||||
| 10,000,000 | FNMA | 2.000 | 10/01/41 | 10,235,778 | |||||||||||||
| 28,256 | i | FNMA | LIBOR 12 M + 1.815% | 2.362 | 10/01/41 | 29,222 | |||||||||||
| 259,106 | FNMA | 3.500 | 11/01/41 | 280,593 | |||||||||||||
| 315,918 | FNMA | 3.500 | 11/01/41 | 343,086 | |||||||||||||
| 132,214 | i | FNMA | LIBOR 12 M + 1.750% | 2.165 | 12/01/41 | 139,209 | |||||||||||
| 12,936,037 | FNMA | 3.500 | 12/01/41 | 14,088,303 | |||||||||||||
| 1,941,978 | FNMA | 3.500 | 12/01/41 | 2,108,974 | |||||||||||||
| 354,705 | FNMA | 4.000 | 12/01/41 | 390,420 | |||||||||||||
| 922,471 | FNMA | 3.500 | 03/01/42 | 998,955 | |||||||||||||
| 619,547 | FNMA | 4.000 | 03/01/42 | 680,933 | |||||||||||||
| 2,175,019 | FNMA | 3.500 | 04/01/42 | 2,368,741 | |||||||||||||
| 828,750 | FNMA | 3.500 | 04/01/42 | 910,743 | |||||||||||||
| 795,772 | FNMA | 4.500 | 04/01/42 | 891,089 | |||||||||||||
| 821,944 | FNMA | 5.000 | 04/01/42 | 938,989 | |||||||||||||
| 573,748 | FNMA | 4.000 | 05/01/42 | 631,877 | |||||||||||||
| 670,063 | FNMA | 5.000 | 05/01/42 | 759,014 | |||||||||||||
| 639,314 | FNMA | 3.000 | 06/01/42 | 682,573 | |||||||||||||
| 2,607,017 | FNMA | 3.500 | 06/01/42 | 2,823,207 | |||||||||||||
| 2,162,763 | FNMA | 4.000 | 06/01/42 | 2,384,671 | |||||||||||||
| 1,488,989 | FNMA | 4.000 | 06/01/42 | 1,641,793 | |||||||||||||
| 3,890,352 | FNMA | 3.500 | 07/01/42 | 4,212,930 | |||||||||||||
| 943,928 | FNMA | 4.500 | 07/01/42 | 1,059,051 | |||||||||||||
| 861,879 | FNMA | 3.500 | 08/01/42 | 933,344 | |||||||||||||
| 1,392,326 | FNMA | 3.000 | 09/01/42 | 1,489,574 | |||||||||||||
| 1,799,411 | FNMA | 3.500 | 09/01/42 | 1,954,157 | |||||||||||||
| 9,354,792 | FNMA | 4.500 | 09/01/42 | 10,432,533 | |||||||||||||
| 3,251,484 | FNMA | 3.000 | 10/01/42 | 3,471,203 | |||||||||||||
| 831,967 | FNMA | 3.500 | 10/01/42 | 903,519 | |||||||||||||
| 1,479,697 | FNMA | 2.500 | 01/01/43 | 1,540,698 | |||||||||||||
| 128 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 4,492,026 | FNMA | 3.000 | % | 01/01/43 | $ | 4,794,028 | ||||||||||
| 5,437,658 | FNMA | 3.000 | 02/01/43 | 5,804,033 | |||||||||||||
| 10,572,815 | FNMA | 3.000 | 04/01/43 | 11,283,534 | |||||||||||||
| 14,894,080 | FNMA | 3.000 | 04/01/43 | 15,945,155 | |||||||||||||
| 1,281,106 | FNMA | 3.000 | 04/01/43 | 1,367,324 | |||||||||||||
| 3,692,172 | FNMA | 3.000 | 04/01/43 | 3,940,540 | |||||||||||||
| 97,619 | i | FNMA | LIBOR 12 M + 1.695% | 1.945 | 06/01/43 | 101,321 | |||||||||||
| 3,581,272 | FNMA | 3.000 | 06/01/43 | 3,821,616 | |||||||||||||
| 24,495 | i | FNMA | LIBOR 12 M + 1.550% | 1.800 | 07/01/43 | 25,058 | |||||||||||
| 3,328,878 | FNMA | 3.000 | 07/01/43 | 3,552,080 | |||||||||||||
| 8,451,496 | FNMA | 3.500 | 07/01/43 | 9,203,753 | |||||||||||||
| 2,503,398 | FNMA | 3.500 | 07/01/43 | 2,710,861 | |||||||||||||
| 3,027,924 | FNMA | 3.000 | 08/01/43 | 3,231,135 | |||||||||||||
| 1,607,141 | FNMA | 4.000 | 08/01/43 | 1,779,468 | |||||||||||||
| 2,575,103 | FNMA | 3.000 | 09/01/43 | 2,742,483 | |||||||||||||
| 2,952,050 | FNMA | 3.500 | 09/01/43 | 3,213,323 | |||||||||||||
| 2,567,620 | FNMA | 3.500 | 10/01/43 | 2,796,168 | |||||||||||||
| 233,315 | FNMA | 4.500 | 10/01/43 | 258,999 | |||||||||||||
| 679,977 | FNMA | 4.000 | 11/01/43 | 749,750 | |||||||||||||
| 1,663,781 | FNMA | 4.000 | 11/01/43 | 1,834,488 | |||||||||||||
| 504,338 | FNMA | 4.500 | 12/01/43 | 563,820 | |||||||||||||
| 1,789,811 | FNMA | 4.500 | 12/01/43 | 2,002,387 | |||||||||||||
| 1,811,952 | FNMA | 4.000 | 01/01/44 | 1,994,756 | |||||||||||||
| 27,298,599 | FNMA | 4.000 | 03/01/44 | 30,221,189 | |||||||||||||
| 1,177,165 | FNMA | 4.000 | 05/01/44 | 1,295,734 | |||||||||||||
| 1,073,670 | FNMA | 4.000 | 07/01/44 | 1,177,643 | |||||||||||||
| 1,209,861 | FNMA | 4.000 | 07/01/44 | 1,327,081 | |||||||||||||
| 856,504 | FNMA | 3.500 | 09/01/44 | 925,152 | |||||||||||||
| 1,101,964 | FNMA | 4.000 | 09/01/44 | 1,208,665 | |||||||||||||
| 2,811,273 | FNMA | 3.500 | 10/01/44 | 3,030,670 | |||||||||||||
| 7,273,766 | FNMA | 5.000 | 11/01/44 | 8,236,304 | |||||||||||||
| 1,085,233 | FNMA | 4.000 | 12/01/44 | 1,190,234 | |||||||||||||
| 2,459,412 | FNMA | 3.000 | 01/01/45 | 2,616,477 | |||||||||||||
| 8,648,984 | FNMA | 3.000 | 01/01/45 | 9,222,260 | |||||||||||||
| 11,279,729 | FNMA | 3.500 | 01/01/45 | 12,204,456 | |||||||||||||
| 4,390,466 | FNMA | 3.500 | 02/01/45 | 4,725,827 | |||||||||||||
| 2,912,115 | FNMA | 3.000 | 04/01/45 | 3,079,378 | |||||||||||||
| 4,089,020 | FNMA | 3.500 | 05/01/45 | 4,398,441 | |||||||||||||
| 4,436,373 | FNMA | 3.500 | 07/01/45 | 4,784,257 | |||||||||||||
| 5,036,048 | FNMA | 4.000 | 07/01/45 | 5,503,377 | |||||||||||||
| 13,967,159 | FNMA | 3.500 | 09/01/45 | 15,156,238 | |||||||||||||
| 6,710,332 | FNMA | 3.000 | 11/01/45 | 7,087,379 | |||||||||||||
| 3,070,902 | FNMA | 3.500 | 11/01/45 | 3,301,472 | |||||||||||||
| 8,740,328 | FNMA | 4.000 | 11/01/45 | 9,539,952 | |||||||||||||
| 2,578,597 | FNMA | 3.500 | 12/01/45 | 2,771,287 | |||||||||||||
| 7,781,702 | FNMA | 3.500 | 12/01/45 | 8,362,069 | |||||||||||||
| 4,035,634 | FNMA | 3.500 | 12/01/45 | 4,338,011 | |||||||||||||
| 11,169,878 | FNMA | 3.500 | 01/01/46 | 11,934,029 | |||||||||||||
| 2,221,093 | FNMA | 3.500 | 02/01/46 | 2,387,308 | |||||||||||||
| 6,828,500 | FNMA | 3.500 | 04/01/46 | 7,347,316 | |||||||||||||
| 3,734,999 | FNMA | 4.500 | 05/01/46 | 4,092,250 | |||||||||||||
| 2,943,067 | FNMA | 3.000 | 06/01/46 | 3,113,938 | |||||||||||||
| 4,907,369 | FNMA | 3.500 | 07/01/46 | 5,261,741 | |||||||||||||
| 8,026,900 | FNMA | 3.500 | 08/01/46 | 8,685,860 | |||||||||||||
| 129 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 4,378,911 | FNMA | 4.000 | % | 08/01/46 | $ | 4,743,302 | ||||||||||
| 4,618,460 | FNMA | 3.000 | 09/01/46 | 4,880,195 | |||||||||||||
| 5,536,113 | FNMA | 3.000 | 10/01/46 | 5,867,948 | |||||||||||||
| 29,298,664 | FNMA | 3.000 | 11/01/46 | 30,969,961 | |||||||||||||
| 2,815,365 | FNMA | 3.500 | 12/01/46 | 3,006,212 | |||||||||||||
| 34,609,826 | FNMA | 3.000 | 01/01/47 | 36,578,821 | |||||||||||||
| 4,273,008 | FNMA | 3.000 | 02/01/47 | 4,526,994 | |||||||||||||
| 3,453,698 | FNMA | 4.000 | 02/01/47 | 3,739,945 | |||||||||||||
| 6,022,096 | FNMA | 3.000 | 03/01/47 | 6,378,112 | |||||||||||||
| 3,999,047 | FNMA | 3.500 | 03/01/47 | 4,266,873 | |||||||||||||
| 1,002,761 | FNMA | 4.000 | 03/01/47 | 1,085,280 | |||||||||||||
| 731,796 | FNMA | 4.500 | 03/01/47 | 797,626 | |||||||||||||
| 5,163,116 | FNMA | 3.000 | 04/01/47 | 5,477,929 | |||||||||||||
| 8,508,725 | FNMA | 3.000 | 04/01/47 | 9,020,483 | |||||||||||||
| 5,253,348 | FNMA | 3.500 | 04/01/47 | 5,622,071 | |||||||||||||
| 2,660,973 | FNMA | 3.500 | 05/01/47 | 2,837,647 | |||||||||||||
| 4,986,334 | FNMA | 3.500 | 07/01/47 | 5,394,449 | |||||||||||||
| 21,923,484 | FNMA | 4.000 | 07/01/47 | 23,685,432 | |||||||||||||
| 27,809,771 | FNMA | 3.500 | 11/01/47 | 29,602,481 | |||||||||||||
| 2,253,283 | FNMA | 4.500 | 11/01/47 | 2,456,403 | |||||||||||||
| 2,740,255 | FNMA | 3.500 | 01/01/48 | 2,907,920 | |||||||||||||
| 10,992,324 | FNMA | 4.000 | 01/01/48 | 11,888,397 | |||||||||||||
| 1,544,083 | FNMA | 3.000 | 02/01/48 | 1,623,221 | |||||||||||||
| 2,281,939 | FNMA | 3.500 | 02/01/48 | 2,430,160 | |||||||||||||
| 15,846,117 | FNMA | 3.500 | 04/01/48 | 16,843,739 | |||||||||||||
| 3,460,826 | FNMA | 4.000 | 04/01/48 | 3,703,804 | |||||||||||||
| 301,379 | FNMA | 4.500 | 04/01/48 | 325,655 | |||||||||||||
| 4,953,007 | FNMA | 3.500 | 06/01/48 | 5,257,305 | |||||||||||||
| 9,024,995 | FNMA | 4.000 | 07/01/48 | 9,661,821 | |||||||||||||
| 6,265,715 | FNMA | 4.500 | 07/01/48 | 6,769,364 | |||||||||||||
| 3,406,055 | FNMA | 4.000 | 08/01/48 | 3,646,402 | |||||||||||||
| 2,553,264 | FNMA | 4.000 | 10/01/48 | 2,735,548 | |||||||||||||
| 3,953,094 | FNMA | 4.500 | 10/01/48 | 4,282,781 | |||||||||||||
| 22,757,055 | FNMA | 3.000 | 11/01/48 | 24,070,092 | |||||||||||||
| 6,848,358 | FNMA | 4.000 | 11/01/48 | 7,335,022 | |||||||||||||
| 2,762,462 | FNMA | 4.500 | 11/01/48 | 2,986,009 | |||||||||||||
| 2,546,161 | FNMA | 4.000 | 12/01/48 | 2,729,248 | |||||||||||||
| 2,356,562 | FNMA | 4.500 | 01/01/49 | 2,546,240 | |||||||||||||
| 6,588,890 | FNMA | 4.500 | 02/01/49 | 7,129,618 | |||||||||||||
| 7,604,408 | FNMA | 4.000 | 04/01/49 | 8,146,110 | |||||||||||||
| 8,977,583 | FNMA | 5.000 | 04/01/49 | 9,902,724 | |||||||||||||
| 8,091,675 | FNMA | 3.500 | 07/01/49 | 8,557,224 | |||||||||||||
| 26,046,032 | FNMA | 3.500 | 08/01/49 | 28,123,644 | |||||||||||||
| 5,342,764 | FNMA | 4.000 | 08/01/49 | 5,723,341 | |||||||||||||
| 16,385,522 | FNMA | 3.000 | 09/01/49 | 17,144,744 | |||||||||||||
| 9,183,462 | FNMA | 3.000 | 12/01/49 | 9,626,584 | |||||||||||||
| 17,679,179 | FNMA | 3.000 | 12/01/49 | 18,912,457 | |||||||||||||
| 17,680,806 | FNMA | 3.000 | 12/01/49 | 18,515,071 | |||||||||||||
| 32,319,524 | FNMA | 3.000 | 02/01/50 | 34,265,175 | |||||||||||||
| 19,465,380 | FNMA | 3.500 | 02/01/50 | 20,552,757 | |||||||||||||
| 22,310,791 | FNMA | 3.000 | 03/01/50 | 23,355,710 | |||||||||||||
| 31,617,266 | FNMA | 3.000 | 05/01/50 | 33,191,610 | |||||||||||||
| 17,682,956 | FNMA | 3.000 | 06/01/50 | 18,520,311 | |||||||||||||
| 130 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 15,563,969 | FNMA | 4.000 | % | 06/01/50 | $ | 16,678,021 | ||||||||||
| 19,902,538 | FNMA | 4.000 | 08/01/50 | 21,312,031 | |||||||||||||
| 40,614,039 | FNMA | 2.500 | 09/01/50 | 41,911,998 | |||||||||||||
| 216,183,918 | FNMA | 2.500 | 10/01/50 | 223,092,808 | |||||||||||||
| 23,437,589 | FNMA | 1.500 | 11/01/50 | 22,788,197 | |||||||||||||
| 121,035,028 | FNMA | 2.000 | 11/01/50 | 121,451,647 | |||||||||||||
| 19,692,850 | FNMA | 2.500 | 11/01/50 | 20,322,202 | |||||||||||||
| 66,108,379 | FNMA | 1.500 | 12/01/50 | 64,274,441 | |||||||||||||
| 128,131,926 | FNMA | 2.000 | 12/01/50 | 128,572,975 | |||||||||||||
| 12,684,469 | FNMA | 2.500 | 12/01/50 | 13,089,844 | |||||||||||||
| 96,596,663 | FNMA | 2.000 | 01/01/51 | 96,929,162 | |||||||||||||
| 9,600,500 | FNMA | 1.500 | 02/01/51 | 9,333,907 | |||||||||||||
| 9,160,404 | FNMA | 2.000 | 02/01/51 | 9,191,936 | |||||||||||||
| 130,473,908 | FNMA | 2.500 | 02/01/51 | 134,643,644 | |||||||||||||
| 57,932,030 | FNMA | 1.500 | 03/01/51 | 56,323,339 | |||||||||||||
| 129,782,175 | FNMA | 2.000 | 03/01/51 | 130,228,904 | |||||||||||||
| 20,032,163 | FNMA | 1.500 | 04/01/51 | 19,475,899 | |||||||||||||
| 155,113,357 | FNMA | 2.000 | 04/01/51 | 155,647,279 | |||||||||||||
| 37,461,276 | FNMA | 2.500 | 04/01/51 | 38,658,479 | |||||||||||||
| 97,691,027 | FNMA | 2.000 | 05/01/51 | 98,027,293 | |||||||||||||
| 93,304,761 | FNMA | 2.000 | 06/01/51 | 93,625,929 | |||||||||||||
| 58,617,454 | FNMA | 2.500 | 06/01/51 | 60,490,774 | |||||||||||||
| 59,252,777 | FNMA | 2.000 | 07/01/51 | 59,456,733 | |||||||||||||
| 114,054,331 | FNMA | 2.000 | 08/01/51 | 114,446,922 | |||||||||||||
| 139,420,854 | FNMA | 2.500 | 08/01/51 | 143,876,520 | |||||||||||||
| 49,852,435 | FNMA | 2.000 | 09/01/51 | 50,024,034 | |||||||||||||
| 49,785,436 | FNMA | 2.500 | 09/01/51 | 51,376,498 | |||||||||||||
| 60,000,000 | h | FNMA | 2.000 | 10/01/51 | 60,206,528 | ||||||||||||
| 50,000,000 | h | FNMA | 2.500 | 10/01/51 | 51,597,920 | ||||||||||||
| 2,535,456 | FNMA | 3.500 | 07/01/55 | 2,712,979 | |||||||||||||
| 525 | Government National Mortgage Association (GNMA) | 4.500 | 01/20/24 | 555 | |||||||||||||
| 6,337 | GNMA | 4.000 | 04/15/24 | 6,700 | |||||||||||||
| 1,367 | GNMA | 4.500 | 07/15/24 | 1,438 | |||||||||||||
| 23,494 | GNMA | 4.000 | 08/15/24 | 24,857 | |||||||||||||
| 7,226 | GNMA | 4.500 | 08/15/24 | 7,603 | |||||||||||||
| 17,761 | GNMA | 4.000 | 09/15/24 | 18,786 | |||||||||||||
| 4,097 | GNMA | 4.500 | 01/15/25 | 4,312 | |||||||||||||
| 37,524 | GNMA | 4.000 | 08/15/25 | 39,707 | |||||||||||||
| 18,450 | GNMA | 3.500 | 03/15/26 | 19,660 | |||||||||||||
| 20,263 | GNMA | 4.000 | 04/15/26 | 21,446 | |||||||||||||
| 20,944 | GNMA | 4.000 | 06/20/26 | 22,241 | |||||||||||||
| 34,213 | GNMA | 3.500 | 11/20/26 | 36,540 | |||||||||||||
| 170,206 | GNMA | 3.000 | 12/15/26 | 176,988 | |||||||||||||
| 554,842 | GNMA | 2.500 | 04/20/27 | 572,640 | |||||||||||||
| 400,809 | GNMA | 2.500 | 09/20/27 | 413,681 | |||||||||||||
| 265 | GNMA | 6.500 | 09/15/28 | 296 | |||||||||||||
| 115 | GNMA | 6.500 | 09/15/28 | 129 | |||||||||||||
| 955 | GNMA | 6.500 | 11/15/28 | 1,067 | |||||||||||||
| 179 | GNMA | 7.500 | 11/15/28 | 180 | |||||||||||||
| 604,994 | GNMA | 3.500 | 11/20/28 | 647,300 | |||||||||||||
| 5,722 | GNMA | 8.500 | 10/15/30 | 5,950 | |||||||||||||
| 1,982 | GNMA | 8.500 | 10/20/30 | 2,292 | |||||||||||||
| 238 | GNMA | 8.500 | 12/15/30 | 288 | |||||||||||||
| 131 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 308 | GNMA | 7.000 | % | 06/20/31 | $ | 353 | ||||||||||
| 262 | GNMA | 7.000 | 07/15/31 | 263 | |||||||||||||
| 3,036,112 | GNMA | 3.000 | 08/20/32 | 3,201,518 | |||||||||||||
| 104,454 | GNMA | 6.000 | 10/15/32 | 123,469 | |||||||||||||
| 13,772 | GNMA | 5.500 | 12/20/32 | 16,046 | |||||||||||||
| 30,976 | GNMA | 5.500 | 05/15/33 | 34,603 | |||||||||||||
| 3,939 | GNMA | 5.000 | 07/15/33 | 4,569 | |||||||||||||
| 15,800 | GNMA | 5.500 | 07/15/33 | 17,933 | |||||||||||||
| 4,047 | GNMA | 5.000 | 07/20/33 | 4,540 | |||||||||||||
| 9,558 | GNMA | 5.000 | 08/15/33 | 10,803 | |||||||||||||
| 18,347 | GNMA | 5.000 | 08/15/33 | 20,908 | |||||||||||||
| 71,392 | GNMA | 5.500 | 09/15/33 | 83,202 | |||||||||||||
| 53,981 | GNMA | 6.000 | 11/20/33 | 63,222 | |||||||||||||
| 23,227 | GNMA | 5.500 | 05/20/34 | 27,250 | |||||||||||||
| 35,599 | GNMA | 6.000 | 09/20/34 | 41,765 | |||||||||||||
| 2,600 | GNMA | 5.000 | 10/20/34 | 2,926 | |||||||||||||
| 66,416 | GNMA | 5.500 | 11/15/34 | 76,926 | |||||||||||||
| 34,294 | GNMA | 6.500 | 01/15/35 | 39,704 | |||||||||||||
| 18,362 | GNMA | 5.500 | 02/20/35 | 21,037 | |||||||||||||
| 331,475 | GNMA | 5.000 | 03/20/35 | 373,093 | |||||||||||||
| 99,327 | GNMA | 5.000 | 04/15/35 | 114,306 | |||||||||||||
| 106,496 | GNMA | 5.500 | 05/20/35 | 125,098 | |||||||||||||
| 3,790 | GNMA | 5.000 | 09/20/35 | 4,169 | |||||||||||||
| 3,338 | GNMA | 5.000 | 11/15/35 | 3,777 | |||||||||||||
| 2,563 | GNMA | 5.000 | 11/15/35 | 2,974 | |||||||||||||
| 29,999 | GNMA | 5.500 | 02/20/36 | 35,289 | |||||||||||||
| 3,710 | GNMA | 5.500 | 03/15/36 | 4,346 | |||||||||||||
| 9,408 | GNMA | 5.500 | 05/20/36 | 10,823 | |||||||||||||
| 3,130 | GNMA | 6.500 | 06/15/36 | 3,598 | |||||||||||||
| 89,347 | GNMA | 5.500 | 06/20/36 | 104,962 | |||||||||||||
| 5,287 | GNMA | 5.000 | 09/15/36 | 6,119 | |||||||||||||
| 3,097 | GNMA | 6.000 | 09/15/36 | 3,515 | |||||||||||||
| 8,682 | GNMA | 6.000 | 10/20/36 | 10,173 | |||||||||||||
| 5,921 | GNMA | 5.000 | 12/15/36 | 6,870 | |||||||||||||
| 5,274 | GNMA | 6.000 | 01/20/37 | 6,178 | |||||||||||||
| 74,520 | GNMA | 5.500 | 02/15/37 | 84,836 | |||||||||||||
| 19,098 | GNMA | 6.000 | 02/20/37 | 22,498 | |||||||||||||
| 134,553 | GNMA | 6.000 | 04/15/37 | 157,624 | |||||||||||||
| 3,083 | GNMA | 6.500 | 04/15/37 | 3,444 | |||||||||||||
| 42,545 | GNMA | 6.000 | 04/20/37 | 47,513 | |||||||||||||
| 7,264 | GNMA | 6.000 | 06/15/37 | 8,141 | |||||||||||||
| 10,112 | GNMA | 6.000 | 08/20/37 | 11,848 | |||||||||||||
| 9,161 | GNMA | 6.500 | 08/20/37 | 10,968 | |||||||||||||
| 40,259 | GNMA | 6.500 | 11/20/37 | 47,381 | |||||||||||||
| 11,630 | GNMA | 6.000 | 12/15/37 | 13,534 | |||||||||||||
| 2,136 | GNMA | 5.000 | 02/20/38 | 2,430 | |||||||||||||
| 52,235 | GNMA | 5.000 | 04/15/38 | 59,327 | |||||||||||||
| 2,548 | GNMA | 5.500 | 05/20/38 | 2,935 | |||||||||||||
| 10,520 | GNMA | 5.500 | 06/15/38 | 12,344 | |||||||||||||
| 28,065 | GNMA | 6.000 | 06/20/38 | 32,883 | |||||||||||||
| 26,461 | GNMA | 5.500 | 07/15/38 | 31,029 | |||||||||||||
| 196,861 | GNMA | 5.000 | 07/20/38 | 219,845 | |||||||||||||
| 190,026 | GNMA | 5.500 | 07/20/38 | 215,824 | |||||||||||||
| 132 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 5,119 | GNMA | 5.500 | % | 08/15/38 | $ | 5,973 | ||||||||||
| 62,894 | GNMA | 6.000 | 08/15/38 | 72,915 | |||||||||||||
| 43,817 | GNMA | 6.000 | 08/15/38 | 49,424 | |||||||||||||
| 18,971 | GNMA | 6.000 | 08/20/38 | 22,353 | |||||||||||||
| 73,718 | GNMA | 6.000 | 09/20/38 | 85,257 | |||||||||||||
| 34,209 | GNMA | 5.000 | 10/15/38 | 38,664 | |||||||||||||
| 8,047 | GNMA | 5.500 | 10/15/38 | 9,446 | |||||||||||||
| 7,921 | GNMA | 6.500 | 10/20/38 | 8,647 | |||||||||||||
| 3,863 | GNMA | 6.500 | 10/20/38 | 4,568 | |||||||||||||
| 946 | GNMA | 5.500 | 11/15/38 | 1,104 | |||||||||||||
| 16,656 | GNMA | 6.500 | 11/20/38 | 19,939 | |||||||||||||
| 90,575 | GNMA | 6.000 | 12/15/38 | 104,280 | |||||||||||||
| 1,388 | GNMA | 6.500 | 12/15/38 | 1,620 | |||||||||||||
| 14,205 | GNMA | 5.000 | 01/15/39 | 16,482 | |||||||||||||
| 295,351 | GNMA | 4.500 | 01/20/39 | 326,801 | |||||||||||||
| 41,620 | GNMA | 6.500 | 01/20/39 | 48,271 | |||||||||||||
| 12,004 | GNMA | 5.000 | 02/15/39 | 13,894 | |||||||||||||
| 779 | GNMA | 6.000 | 02/15/39 | 873 | |||||||||||||
| 10,758 | GNMA | 4.500 | 03/15/39 | 12,144 | |||||||||||||
| 126,544 | GNMA | 4.500 | 03/15/39 | 143,195 | |||||||||||||
| 4,047 | GNMA | 4.500 | 03/20/39 | 4,478 | |||||||||||||
| 80,306 | GNMA | 5.500 | 03/20/39 | 94,415 | |||||||||||||
| 7,498 | GNMA | 4.500 | 04/15/39 | 8,480 | |||||||||||||
| 141,634 | GNMA | 5.500 | 04/15/39 | 166,247 | |||||||||||||
| 2,779 | GNMA | 5.000 | 04/20/39 | 3,168 | |||||||||||||
| 12,080 | GNMA | 4.000 | 05/15/39 | 13,249 | |||||||||||||
| 190,180 | GNMA | 4.500 | 05/15/39 | 215,097 | |||||||||||||
| 99,602 | GNMA | 5.000 | 05/15/39 | 114,772 | |||||||||||||
| 14,386 | GNMA | 4.000 | 05/20/39 | 15,765 | |||||||||||||
| 36,291 | GNMA | 4.500 | 05/20/39 | 40,155 | |||||||||||||
| 858,023 | GNMA | 5.000 | 05/20/39 | 970,415 | |||||||||||||
| 5,997 | GNMA | 4.500 | 06/15/39 | 6,783 | |||||||||||||
| 543,211 | GNMA | 4.500 | 06/15/39 | 614,386 | |||||||||||||
| 777,166 | GNMA | 5.000 | 06/15/39 | 905,425 | |||||||||||||
| 621,311 | GNMA | 5.000 | 06/15/39 | 724,611 | |||||||||||||
| 12,981 | GNMA | 5.000 | 06/15/39 | 15,026 | |||||||||||||
| 5,642 | GNMA | 5.000 | 06/15/39 | 6,535 | |||||||||||||
| 6,573 | GNMA | 5.000 | 06/15/39 | 7,604 | |||||||||||||
| 8,124 | GNMA | 4.000 | 06/20/39 | 8,894 | |||||||||||||
| 5,348 | GNMA | 5.000 | 06/20/39 | 6,046 | |||||||||||||
| 598,214 | GNMA | 4.000 | 07/15/39 | 653,583 | |||||||||||||
| 17,185 | GNMA | 4.500 | 07/15/39 | 19,362 | |||||||||||||
| 6,611 | GNMA | 4.500 | 07/15/39 | 7,448 | |||||||||||||
| 719,995 | GNMA | 4.500 | 07/15/39 | 823,577 | |||||||||||||
| 7,738 | GNMA | 5.000 | 07/15/39 | 8,986 | |||||||||||||
| 79,034 | GNMA | 4.500 | 07/20/39 | 87,450 | |||||||||||||
| 74,083 | GNMA | 5.000 | 07/20/39 | 84,429 | |||||||||||||
| 8,445 | GNMA | 5.500 | 07/20/39 | 9,922 | |||||||||||||
| 34,900 | GNMA | 4.000 | 08/15/39 | 38,425 | |||||||||||||
| 68,319 | GNMA | 5.000 | 08/15/39 | 78,581 | |||||||||||||
| 5,991 | GNMA | 5.500 | 08/15/39 | 7,033 | |||||||||||||
| 46,894 | GNMA | 6.000 | 08/15/39 | 52,623 | |||||||||||||
| 23,849 | GNMA | 4.000 | 08/20/39 | 26,138 | |||||||||||||
| 18,714 | GNMA | 5.000 | 08/20/39 | 21,339 | |||||||||||||
| 133 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 5,303 | GNMA | 5.000 | % | 09/15/39 | $ | 6,004 | ||||||||||
| 25,367 | GNMA | 5.000 | 09/20/39 | 28,847 | |||||||||||||
| 5,544 | GNMA | 4.500 | 10/15/39 | 6,268 | |||||||||||||
| 3,063 | GNMA | 5.000 | 10/15/39 | 3,550 | |||||||||||||
| 7,938 | GNMA | 4.500 | 10/20/39 | 8,783 | |||||||||||||
| 16,584 | GNMA | 4.500 | 11/15/39 | 18,595 | |||||||||||||
| 11,287 | GNMA | 4.500 | 11/20/39 | 12,489 | |||||||||||||
| 14,183 | GNMA | 5.000 | 11/20/39 | 16,173 | |||||||||||||
| 20,908 | GNMA | 4.500 | 12/15/39 | 23,365 | |||||||||||||
| 391,451 | GNMA | 4.500 | 12/15/39 | 442,748 | |||||||||||||
| 11,589 | GNMA | 4.500 | 12/20/39 | 12,824 | |||||||||||||
| 442,492 | GNMA | 5.000 | 12/20/39 | 504,566 | |||||||||||||
| 379,124 | GNMA | 4.500 | 01/20/40 | 419,501 | |||||||||||||
| 6,772 | GNMA | 5.500 | 01/20/40 | 7,905 | |||||||||||||
| 264,995 | GNMA | 5.500 | 02/15/40 | 310,747 | |||||||||||||
| 33,670 | GNMA | 4.000 | 03/15/40 | 37,006 | |||||||||||||
| 6,864 | GNMA | 5.000 | 03/15/40 | 7,970 | |||||||||||||
| 1,448 | GNMA | 4.500 | 04/15/40 | 1,619 | |||||||||||||
| 68,531 | GNMA | 5.000 | 04/15/40 | 79,411 | |||||||||||||
| 15,344 | GNMA | 4.500 | 04/20/40 | 16,979 | |||||||||||||
| 2,103 | GNMA | 4.500 | 05/15/40 | 2,367 | |||||||||||||
| 65,497 | GNMA | 5.000 | 05/15/40 | 75,048 | |||||||||||||
| 110,948 | i | GNMA | DGS1 + 1.500% | 1.875 | 05/20/40 | 115,623 | |||||||||||
| 3,207 | GNMA | 4.500 | 05/20/40 | 3,549 | |||||||||||||
| 1,419,884 | GNMA | 4.500 | 06/15/40 | 1,605,967 | |||||||||||||
| 5,106 | GNMA | 4.500 | 06/15/40 | 5,775 | |||||||||||||
| 3,999 | GNMA | 4.500 | 06/15/40 | 4,526 | |||||||||||||
| 79,040 | GNMA | 5.000 | 06/20/40 | 90,129 | |||||||||||||
| 41,746 | GNMA | 4.500 | 07/15/40 | 47,125 | |||||||||||||
| 141,275 | GNMA | 4.500 | 07/15/40 | 159,789 | |||||||||||||
| 539,111 | GNMA | 4.500 | 07/20/40 | 596,533 | |||||||||||||
| 16,576 | GNMA | 5.000 | 07/20/40 | 18,841 | |||||||||||||
| 105,710 | GNMA | 4.000 | 08/15/40 | 116,178 | |||||||||||||
| 569,550 | GNMA | 4.000 | 08/15/40 | 626,615 | |||||||||||||
| 47,038 | GNMA | 4.500 | 08/15/40 | 53,806 | |||||||||||||
| 40,523 | GNMA | 4.500 | 08/20/40 | 44,877 | |||||||||||||
| 35,186 | GNMA | 4.500 | 09/20/40 | 39,038 | |||||||||||||
| 13,630 | GNMA | 5.500 | 09/20/40 | 16,014 | |||||||||||||
| 10,986 | GNMA | 6.500 | 09/20/40 | 12,763 | |||||||||||||
| 17,691 | GNMA | 4.000 | 10/15/40 | 19,641 | |||||||||||||
| 32,365 | GNMA | 6.000 | 10/20/40 | 37,912 | |||||||||||||
| 200,803 | GNMA | 4.000 | 11/15/40 | 222,563 | |||||||||||||
| 465,367 | GNMA | 4.000 | 11/20/40 | 510,125 | |||||||||||||
| 103,255 | GNMA | 3.500 | 12/15/40 | 110,271 | |||||||||||||
| 201,288 | GNMA | 5.500 | 12/20/40 | 236,487 | |||||||||||||
| 596,964 | GNMA | 4.000 | 01/15/41 | 662,395 | |||||||||||||
| 1,253,144 | GNMA | 4.000 | 01/20/41 | 1,373,677 | |||||||||||||
| 112,454 | GNMA | 4.000 | 02/15/41 | 124,906 | |||||||||||||
| 336,724 | GNMA | 4.500 | 02/20/41 | 377,641 | |||||||||||||
| 199,092 | GNMA | 4.500 | 03/15/41 | 224,935 | |||||||||||||
| 389,492 | GNMA | 4.500 | 04/20/41 | 433,843 | |||||||||||||
| 89,098 | GNMA | 5.000 | 04/20/41 | 101,601 | |||||||||||||
| 28,615 | i | GNMA | DGS1 + 1.500% | 1.875 | 06/20/41 | 29,811 | |||||||||||
| 134 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 76,384 | GNMA | 4.000 | % | 07/15/41 | $ | 83,807 | ||||||||||
| 159,524 | GNMA | 4.000 | 07/20/41 | 174,628 | |||||||||||||
| 545,243 | GNMA | 4.500 | 07/20/41 | 609,335 | |||||||||||||
| 481,751 | GNMA | 5.000 | 07/20/41 | 549,343 | |||||||||||||
| 99,986 | GNMA | 4.500 | 08/15/41 | 112,655 | |||||||||||||
| 233,711 | GNMA | 5.000 | 08/20/41 | 266,505 | |||||||||||||
| 322,664 | GNMA | 4.000 | 09/15/41 | 358,233 | |||||||||||||
| 17,794 | i | GNMA | DGS1 + 1.500% | 2.250 | 09/20/41 | 18,549 | |||||||||||
| 743,156 | GNMA | 4.000 | 09/20/41 | 814,792 | |||||||||||||
| 54,687 | GNMA | 4.000 | 10/15/41 | 60,761 | |||||||||||||
| 22,140 | i | GNMA | DGS1 + 1.500% | 2.125 | 10/20/41 | 23,104 | |||||||||||
| 35,171 | i | GNMA | DGS1 + 1.500% | 2.125 | 10/20/41 | 36,704 | |||||||||||
| 961,407 | GNMA | 4.000 | 10/20/41 | 1,054,082 | |||||||||||||
| 133,522 | GNMA | 5.500 | 10/20/41 | 156,871 | |||||||||||||
| 273,815 | GNMA | 3.500 | 11/15/41 | 292,871 | |||||||||||||
| 682,429 | GNMA | 4.000 | 11/15/41 | 757,806 | |||||||||||||
| 1,295,966 | GNMA | 4.500 | 11/20/41 | 1,448,305 | |||||||||||||
| 609,081 | GNMA | 5.000 | 11/20/41 | 694,916 | |||||||||||||
| 127,477 | GNMA | 6.000 | 11/20/41 | 149,482 | |||||||||||||
| 667,078 | GNMA | 3.500 | 01/20/42 | 721,401 | |||||||||||||
| 101,674 | i | GNMA | DGS1 + 1.500% | 2.000 | 02/20/42 | 105,876 | |||||||||||
| 320,978 | GNMA | 3.500 | 03/20/42 | 347,062 | |||||||||||||
| 584,933 | GNMA | 4.500 | 03/20/42 | 653,154 | |||||||||||||
| 600,461 | GNMA | 3.500 | 04/15/42 | 646,697 | |||||||||||||
| 1,223,436 | GNMA | 3.500 | 05/20/42 | 1,327,941 | |||||||||||||
| 3,053,229 | GNMA | 3.500 | 05/20/42 | 3,301,447 | |||||||||||||
| 713,259 | GNMA | 4.000 | 05/20/42 | 786,601 | |||||||||||||
| 1,319,061 | GNMA | 3.500 | 07/15/42 | 1,425,128 | |||||||||||||
| 126,967 | i | GNMA | DGS1 + 1.500% | 2.250 | 07/20/42 | 132,053 | |||||||||||
| 711,824 | GNMA | 3.500 | 07/20/42 | 769,797 | |||||||||||||
| 936,475 | GNMA | 3.000 | 08/20/42 | 991,600 | |||||||||||||
| 1,270,714 | GNMA | 3.500 | 08/20/42 | 1,385,772 | |||||||||||||
| 2,989,740 | GNMA | 3.500 | 08/20/42 | 3,232,695 | |||||||||||||
| 663,919 | GNMA | 6.000 | 08/20/42 | 778,476 | |||||||||||||
| 1,209,238 | GNMA | 3.500 | 10/20/42 | 1,307,451 | |||||||||||||
| 1,376,505 | GNMA | 3.000 | 11/20/42 | 1,457,546 | |||||||||||||
| 1,328,031 | GNMA | 3.000 | 12/20/42 | 1,417,353 | |||||||||||||
| 1,616,365 | GNMA | 3.000 | 12/20/42 | 1,711,549 | |||||||||||||
| 920,324 | GNMA | 3.000 | 01/15/43 | 975,473 | |||||||||||||
| 3,187,929 | GNMA | 3.000 | 01/15/43 | 3,495,123 | |||||||||||||
| 1,207,589 | GNMA | 3.000 | 01/20/43 | 1,278,693 | |||||||||||||
| 2,059,922 | GNMA | 3.000 | 02/20/43 | 2,181,211 | |||||||||||||
| 1,574,027 | GNMA | 3.000 | 02/20/43 | 1,691,540 | |||||||||||||
| 333,942 | GNMA | 3.000 | 04/15/43 | 353,935 | |||||||||||||
| 372,945 | GNMA | 5.000 | 04/20/43 | 425,519 | |||||||||||||
| 821,193 | GNMA | 3.000 | 05/20/43 | 869,546 | |||||||||||||
| 1,255,792 | GNMA | 3.000 | 06/20/43 | 1,329,792 | |||||||||||||
| 3,054,299 | GNMA | 3.500 | 06/20/43 | 3,315,013 | |||||||||||||
| 2,738,239 | GNMA | 3.000 | 07/20/43 | 2,899,753 | |||||||||||||
| 1,302,490 | GNMA | 3.500 | 07/20/43 | 1,408,567 | |||||||||||||
| 5,581,962 | GNMA | 4.500 | 08/20/43 | 6,238,091 | |||||||||||||
| 1,811,399 | GNMA | 3.500 | 09/20/43 | 1,957,239 | |||||||||||||
| 608,003 | GNMA | 4.000 | 09/20/43 | 665,099 | |||||||||||||
| 7,652,070 | GNMA | 3.500 | 10/20/43 | 8,267,946 | |||||||||||||
| 135 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 3,647,958 | GNMA | 4.000 | % | 10/20/43 | $ | 3,990,031 | ||||||||||
| 325,638 | GNMA | 3.500 | 11/20/43 | 351,706 | |||||||||||||
| 653,523 | GNMA | 4.000 | 11/20/43 | 714,680 | |||||||||||||
| 637,543 | GNMA | 4.500 | 12/20/43 | 711,348 | |||||||||||||
| 678,165 | GNMA | 4.500 | 01/20/44 | 757,038 | |||||||||||||
| 799,500 | GNMA | 3.500 | 02/20/44 | 862,245 | |||||||||||||
| 1,114,944 | GNMA | 4.000 | 02/20/44 | 1,218,405 | |||||||||||||
| 1,123,177 | GNMA | 4.000 | 05/20/44 | 1,227,045 | |||||||||||||
| 1,163,765 | GNMA | 4.000 | 06/20/44 | 1,271,356 | |||||||||||||
| 3,026,237 | GNMA | 3.500 | 07/20/44 | 3,250,333 | |||||||||||||
| 9,305,980 | GNMA | 3.500 | 10/20/44 | 9,972,616 | |||||||||||||
| 938,051 | GNMA | 4.500 | 10/20/44 | 1,041,324 | |||||||||||||
| 2,184,142 | GNMA | 3.500 | 11/20/44 | 2,338,733 | |||||||||||||
| 2,703,708 | GNMA | 3.000 | 12/20/44 | 2,854,607 | |||||||||||||
| 4,962,447 | GNMA | 4.000 | 12/20/44 | 5,419,215 | |||||||||||||
| 6,862,068 | GNMA | 3.500 | 02/20/45 | 7,336,857 | |||||||||||||
| 3,893,518 | GNMA | 4.000 | 03/20/45 | 4,257,460 | |||||||||||||
| 2,819,673 | GNMA | 3.000 | 04/20/45 | 2,971,482 | |||||||||||||
| 6,005,656 | GNMA | 3.000 | 06/20/45 | 6,329,416 | |||||||||||||
| 13,487,923 | GNMA | 3.000 | 07/20/45 | 14,215,318 | |||||||||||||
| 4,735,737 | GNMA | 4.000 | 10/20/45 | 5,074,383 | |||||||||||||
| 8,026,969 | GNMA | 4.000 | 11/20/45 | 8,757,340 | |||||||||||||
| 3,433,203 | GNMA | 3.000 | 12/20/45 | 3,617,980 | |||||||||||||
| 3,171,098 | GNMA | 3.500 | 12/20/45 | 3,383,208 | |||||||||||||
| 17,251,812 | GNMA | 3.000 | 03/20/46 | 18,179,114 | |||||||||||||
| 6,069,367 | GNMA | 3.000 | 04/20/46 | 6,391,997 | |||||||||||||
| 3,728,569 | GNMA | 4.000 | 04/20/46 | 3,995,015 | |||||||||||||
| 16,118,946 | GNMA | 3.000 | 05/20/46 | 16,966,445 | |||||||||||||
| 10,230,530 | GNMA | 3.500 | 05/20/46 | 10,871,201 | |||||||||||||
| 3,706,721 | GNMA | 3.000 | 06/20/46 | 3,901,800 | |||||||||||||
| 2,325,099 | GNMA | 3.500 | 06/20/46 | 2,472,634 | |||||||||||||
| 2,820,689 | GNMA | 3.000 | 07/20/46 | 2,968,997 | |||||||||||||
| 4,880,975 | GNMA | 3.500 | 08/20/46 | 5,191,162 | |||||||||||||
| 2,752,824 | GNMA | 3.000 | 09/20/46 | 2,897,792 | |||||||||||||
| 11,464,992 | GNMA | 3.500 | 09/20/46 | 12,182,961 | |||||||||||||
| 5,370,953 | GNMA | 3.000 | 10/20/46 | 5,653,738 | |||||||||||||
| 2,909,329 | GNMA | 3.000 | 12/20/46 | 3,066,206 | |||||||||||||
| 18,226,500 | GNMA | 3.000 | 01/20/47 | 19,179,666 | |||||||||||||
| 2,220,851 | GNMA | 4.000 | 01/20/47 | 2,379,347 | |||||||||||||
| 5,066,897 | GNMA | 4.000 | 04/20/47 | 5,433,441 | |||||||||||||
| 4,983,577 | GNMA | 3.500 | 05/20/47 | 5,278,537 | |||||||||||||
| 2,569,721 | GNMA | 3.500 | 06/20/47 | 2,721,983 | |||||||||||||
| 3,173,774 | GNMA | 3.000 | 07/20/47 | 3,361,164 | |||||||||||||
| 6,365,212 | GNMA | 4.500 | 07/20/47 | 6,895,303 | |||||||||||||
| 5,860,083 | GNMA | 3.000 | 08/20/47 | 6,148,563 | |||||||||||||
| 6,802,860 | GNMA | 3.500 | 08/20/47 | 7,213,255 | |||||||||||||
| 11,667,485 | GNMA | 3.000 | 09/20/47 | 12,252,470 | |||||||||||||
| 16,186,887 | GNMA | 4.000 | 09/20/47 | 17,340,360 | |||||||||||||
| 11,121,955 | GNMA | 3.500 | 11/20/47 | 11,781,221 | |||||||||||||
| 8,300,530 | GNMA | 3.500 | 12/20/47 | 8,800,502 | |||||||||||||
| 5,358,755 | GNMA | 3.500 | 01/20/48 | 5,689,691 | |||||||||||||
| 7,011,033 | GNMA | 4.000 | 05/20/48 | 7,493,771 | |||||||||||||
| 5,156,202 | GNMA | 4.000 | 06/20/48 | 5,492,004 | |||||||||||||
| 136 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 11,440,475 | GNMA | 3.500 | % | 07/20/48 | $ | 12,086,268 | ||||||||||
| 5,371,266 | GNMA | 4.000 | 08/20/48 | 5,722,340 | |||||||||||||
| 4,289,362 | GNMA | 5.000 | 08/20/48 | 4,620,223 | |||||||||||||
| 3,640,008 | GNMA | 4.500 | 09/20/48 | 3,898,251 | |||||||||||||
| 3,282,164 | GNMA | 5.000 | 10/20/48 | 3,543,633 | |||||||||||||
| 2,578,577 | GNMA | 4.500 | 11/20/48 | 2,754,167 | |||||||||||||
| 5,677,831 | GNMA | 3.500 | 04/20/49 | 5,975,116 | |||||||||||||
| 20,411,586 | GNMA | 4.500 | 04/20/49 | 21,817,854 | |||||||||||||
| 6,113,010 | GNMA | 4.000 | 05/20/49 | 6,518,900 | |||||||||||||
| 3,713,856 | GNMA | 3.500 | 06/20/49 | 3,907,521 | |||||||||||||
| 8,553,101 | GNMA | 3.500 | 09/20/49 | 8,997,108 | |||||||||||||
| 6,344,805 | GNMA | 3.500 | 11/20/49 | 6,684,407 | |||||||||||||
| 42,584,092 | GNMA | 2.500 | 12/20/49 | 43,980,036 | |||||||||||||
| 24,413,912 | GNMA | 3.000 | 02/20/50 | 25,537,878 | |||||||||||||
| 14,092,583 | GNMA | 3.500 | 02/20/50 | 14,822,757 | |||||||||||||
| 18,121,270 | GNMA | 3.500 | 04/20/50 | 19,062,216 | |||||||||||||
| 15,741,844 | GNMA | 3.000 | 05/20/50 | 16,466,566 | |||||||||||||
| 64,502,065 | GNMA | 3.000 | 08/20/50 | 67,471,608 | |||||||||||||
| 16,228,845 | GNMA | 3.000 | 09/20/50 | 16,975,988 | |||||||||||||
| 23,216,359 | GNMA | 2.500 | 10/20/50 | 23,981,218 | |||||||||||||
| 55,273,810 | GNMA | 2.000 | 11/20/50 | 56,113,857 | |||||||||||||
| 21,173,401 | GNMA | 2.500 | 12/20/50 | 21,866,211 | |||||||||||||
| 27,089,555 | GNMA | 2.000 | 01/20/51 | 27,502,158 | |||||||||||||
| 9,092,830 | GNMA | 2.500 | 01/20/51 | 9,371,008 | |||||||||||||
| 19,165,962 | GNMA | 2.000 | 02/20/51 | 19,458,320 | |||||||||||||
| 4,867,749 | GNMA | 1.500 | 04/20/51 | 4,789,509 | |||||||||||||
| 21,906,881 | GNMA | 2.000 | 04/20/51 | 22,241,906 | |||||||||||||
| 48,488,349 | GNMA | 2.500 | 04/20/51 | 50,082,467 | |||||||||||||
| 19,575,887 | GNMA | 2.500 | 05/20/51 | 20,201,946 | |||||||||||||
| 96,235,903 | GNMA | 2.500 | 07/20/51 | 99,336,843 | |||||||||||||
| 24,909,131 | GNMA | 2.500 | 08/20/51 | 25,715,832 | |||||||||||||
| 25,000,000 | h | GNMA | 2.500 | 09/20/51 | 25,845,658 | ||||||||||||
| 171,000,000 | h | GNMA | 2.000 | 10/20/51 | 174,019,219 | ||||||||||||
| TOTAL MORTGAGE BACKED | 5,736,434,894 | ||||||||||||||||
| MUNICIPAL BONDS - 0.8% | |||||||||||||||||
| 200,000 | Alabama Economic Settlement Authority | 4.263 | 09/15/32 | 229,814 | |||||||||||||
| 300,000 | American Municipal Power | 7.834 | 02/15/41 | 489,326 | |||||||||||||
| 495,000 | American Municipal Power | 6.270 | 02/15/50 | 700,042 | |||||||||||||
| 1,165,000 | American Municipal Power | 8.084 | 02/15/50 | 2,163,049 | |||||||||||||
| 750,000 | American University | 3.672 | 04/01/49 | 844,853 | |||||||||||||
| 750,000 | Bay Area Toll Authority | 2.574 | 04/01/31 | 787,334 | |||||||||||||
| 1,000,000 | Bay Area Toll Authority | 6.918 | 04/01/40 | 1,510,198 | |||||||||||||
| 2,000,000 | Bay Area Toll Authority | 6.263 | 04/01/49 | 3,228,227 | |||||||||||||
| 200,000 | California Institute of Technology | 4.321 | 08/01/45 | 255,006 | |||||||||||||
| 750,000 | California Institute of Technology | 3.650 | 09/01/19 | 848,233 | |||||||||||||
| 200,000 | California State University | 3.899 | 11/01/47 | 233,218 | |||||||||||||
| 1,000,000 | California State University | 2.897 | 11/01/51 | 983,208 | |||||||||||||
| 750,000 | California State University | 2.975 | 11/01/51 | 766,715 | |||||||||||||
| 950,000 | California State University | 2.939 | 11/01/52 | 929,216 | |||||||||||||
| 720,000 | Central Puget Sound Regional Transit Authority | 5.491 | 11/01/39 | 996,283 | |||||||||||||
| 1,665,000 | Charlotte-Mecklenburg Hospital Authority | 3.204 | 01/15/51 | 1,744,749 | |||||||||||||
| 460,000 | Chicago Metropolitan Water Reclamation District-Greater Chicago | 5.720 | 12/01/38 | 642,508 | |||||||||||||
| 137 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,250,000 | Chicago O’Hare International Airport | 6.395 | % | 01/01/40 | $ | 3,382,224 | ||||||||||
| 200,000 | Chicago O’Hare International Airport | 4.472 | 01/01/49 | 258,629 | |||||||||||||
| 200,000 | Chicago O’Hare International Airport | 4.572 | 01/01/54 | 269,197 | |||||||||||||
| 680,000 | City of Atlanta GA Water & Wastewater Revenue | 2.257 | 11/01/35 | 680,580 | |||||||||||||
| 690,000 | City of Houston TX | 3.961 | 03/01/47 | 809,272 | |||||||||||||
| 1,000,000 | City of Riverside CA | 3.857 | 06/01/45 | 1,081,767 | |||||||||||||
| 310,000 | City of San Antonio TX Electric & Gas Systems Revenue | 2.905 | 02/01/48 | 310,607 | |||||||||||||
| 310,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 3.303 | 11/01/39 | 331,318 | |||||||||||||
| 880,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 2.825 | 11/01/41 | 888,386 | |||||||||||||
| 875,000 | City of Tucson AZ | 2.856 | 07/01/47 | 863,256 | |||||||||||||
| 750,000 | City Public Service Board of San Antonio TX | 5.808 | 02/01/41 | 1,082,117 | |||||||||||||
| 150,000 | Colorado Bridge Enterprise | 6.078 | 12/01/40 | 211,636 | |||||||||||||
| 200,000 | Commonwealth Financing Authority | 4.014 | 06/01/33 | 231,727 | |||||||||||||
| 100,000 | Commonwealth Financing Authority | 3.864 | 06/01/38 | 113,624 | |||||||||||||
| 100,000 | Commonwealth Financing Authority | 4.144 | 06/01/38 | 117,786 | |||||||||||||
| 645,000 | Commonwealth Financing Authority | 3.807 | 06/01/41 | 740,745 | |||||||||||||
| 825,000 | Commonwealth Financing Authority | 2.991 | 06/01/42 | 844,660 | |||||||||||||
| 100,000 | Commonwealth of Massachusetts | 4.200 | 12/01/21 | 100,633 | |||||||||||||
| 500,000 | Commonwealth of Massachusetts | 5.731 | 06/01/40 | 681,506 | |||||||||||||
| 1,000,000 | Commonwealth of Massachusetts | 2.514 | 07/01/41 | 1,001,433 | |||||||||||||
| 100,000 | Commonwealth of Massachusetts | 3.277 | 06/01/46 | 110,531 | |||||||||||||
| 750,000 | Commonwealth of Massachusetts | 2.900 | 09/01/49 | 790,151 | |||||||||||||
| 130,000 | County of Broward FL Airport System Revenue | 3.477 | 10/01/43 | 136,753 | |||||||||||||
| 200,000 | County of Clark NV | 6.820 | 07/01/45 | 310,244 | |||||||||||||
| 135,000 | County of Miami-Dade FL Aviation Revenue | 4.280 | 10/01/41 | 148,569 | |||||||||||||
| 200,000 | County of Miami-Dade FL Water & Sewer System Revenue | 3.490 | 10/01/42 | 214,872 | |||||||||||||
| 1,000,000 | County of Riverside CA | 3.818 | 02/15/38 | 1,116,716 | |||||||||||||
| 750,000 | Dallas Area Rapid Transit | 5.022 | 12/01/48 | 1,029,732 | |||||||||||||
| 250,000 | Dallas/Fort Worth International Airport | 2.994 | 11/01/38 | 261,915 | |||||||||||||
| 235,000 | Dallas/Fort Worth International Airport | 3.089 | 11/01/40 | 241,688 | |||||||||||||
| 100,000 | Dallas/Fort Worth International Airport | 3.144 | 11/01/45 | 104,657 | |||||||||||||
| 210,000 | Dallas/Fort Worth International Airport | 2.919 | 11/01/50 | 210,516 | |||||||||||||
| 350,000 | Denver City & County School District No. 1 | 4.242 | 12/15/37 | 413,103 | |||||||||||||
| 200,000 | District of Columbia | 5.591 | 12/01/34 | 256,776 | |||||||||||||
| 470,000 | District of Columbia Water & Sewer Authority | 3.207 | 10/01/48 | 485,387 | |||||||||||||
| 445,000 | District of Columbia Water & Sewer Authority | 4.814 | 10/01/14 | 634,438 | |||||||||||||
| 500,000 | Duke University | 2.682 | 10/01/44 | 501,274 | |||||||||||||
| 115,000 | Duke University | 3.299 | 10/01/46 | 126,280 | |||||||||||||
| 500,000 | Duke University | 2.757 | 10/01/50 | 511,399 | |||||||||||||
| 500,000 | Duke University | 2.832 | 10/01/55 | 511,669 | |||||||||||||
| 5,000 | Energy Northwest | 2.814 | 07/01/24 | 5,187 | |||||||||||||
| 360,000 | Foothill-Eastern Transportation Corridor Agency | 4.094 | 01/15/49 | 379,577 | |||||||||||||
| 300,000 | Foothill-Eastern Transportation Corridor Agency | 3.924 | 01/15/53 | 316,117 | |||||||||||||
| 300,000 | George Washington University | 4.300 | 09/15/44 | 374,097 | |||||||||||||
| 200,000 | George Washington University | 4.868 | 09/15/45 | 266,739 | |||||||||||||
| 375,000 | George Washington University | 4.126 | 09/15/48 | 458,857 | |||||||||||||
| 100,000 | Georgetown University | 4.315 | 04/01/49 | 124,583 | |||||||||||||
| 500,000 | Georgetown University | 2.943 | 04/01/50 | 491,883 | |||||||||||||
| 138 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 300,000 | Georgetown University | 5.215 | % | 10/01/18 | $ | 436,406 | ||||||||||
| 1,500,000 | Golden State Tobacco Securitization Corp | 3.115 | 06/01/38 | 1,523,675 | |||||||||||||
| 970,000 | Grand Parkway Transportation Corp | 3.236 | 10/01/52 | 1,002,478 | |||||||||||||
| 175,000 | Great Lakes Water Authority Sewage Disposal System Revenue | 3.056 | 07/01/39 | 185,352 | |||||||||||||
| 330,000 | Great Lakes Water Authority Water Supply System Revenue | 3.473 | 07/01/41 | 352,244 | |||||||||||||
| 200,000 | Health & Educational Facilities Authority of the State of Missouri | 3.651 | 01/15/46 | 230,583 | |||||||||||||
| 200,000 | Health & Educational Facilities Authority of the State of Missouri | 3.086 | 09/15/51 | 214,058 | |||||||||||||
| 200,000 | Health & Educational Facilities Authority of the State of Missouri | 3.652 | 08/15/57 | 238,068 | |||||||||||||
| 1,500,000 | Idaho Energy Resources Authority | 2.861 | 09/01/46 | 1,499,684 | |||||||||||||
| 500,000 | Illinois State Toll Highway Authority | 6.184 | 01/01/34 | 691,639 | |||||||||||||
| 770,000 | JobsOhio Beverage System | 2.833 | 01/01/38 | 797,367 | |||||||||||||
| 1,500,000 | Kansas Development Finance Authority | 2.774 | 05/01/51 | 1,470,814 | |||||||||||||
| 1,000,000 | Los Angeles Community College District | 1.606 | 08/01/28 | 1,006,056 | |||||||||||||
| 1,000,000 | Los Angeles Community College District | 1.806 | 08/01/30 | 992,569 | |||||||||||||
| 770,000 | Los Angeles Community College District | 2.106 | 08/01/32 | 774,407 | |||||||||||||
| 240,000 | Los Angeles Community College District | 6.750 | 08/01/49 | 405,402 | |||||||||||||
| 350,000 | Los Angeles Department of Water & Power Power System Revenue | 5.716 | 07/01/39 | 491,718 | |||||||||||||
| 1,500,000 | Los Angeles Department of Water & Power Power System Revenue | 6.574 | 07/01/45 | 2,423,539 | |||||||||||||
| 1,630,000 | Los Angeles Unified School District | 5.750 | 07/01/34 | 2,156,872 | |||||||||||||
| 1,000,000 | Maryland Health & Higher Educational Facilities Authority | 3.052 | 07/01/40 | 1,031,463 | |||||||||||||
| 1,000,000 | Maryland Health & Higher Educational Facilities Authority | 3.197 | 07/01/50 | 1,029,270 | |||||||||||||
| 1,000,000 | Massachusetts School Building Authority | 1.753 | 08/15/30 | 992,452 | |||||||||||||
| 100,000 | Massachusetts School Building Authority | 5.715 | 08/15/39 | 137,838 | |||||||||||||
| 500,000 | Massachusetts School Building Authority | 3.395 | 10/15/40 | 525,637 | |||||||||||||
| 100,000 | Metropolitan Government of Nashville & Davidson County Convention Center Authority | 6.731 | 07/01/43 | 145,458 | |||||||||||||
| 200,000 | Metropolitan Government of Nashville & Davidson County Health & Educational Facilities | 4.053 | 07/01/26 | 219,915 | |||||||||||||
| 940,000 | Metropolitan Transportation Authority | 6.648 | 11/15/39 | 1,329,246 | |||||||||||||
| 1,150,000 | Metropolitan Transportation Authority | 7.336 | 11/15/39 | 1,865,133 | |||||||||||||
| 335,000 | Metropolitan Transportation Authority | 5.175 | 11/15/49 | 457,213 | |||||||||||||
| 350,000 | Michigan Finance Authority | 3.384 | 12/01/40 | 381,239 | |||||||||||||
| 570,000 | Michigan State Building Authority | 2.705 | 10/15/40 | 558,983 | |||||||||||||
| 235,000 | Michigan State University | 4.496 | 08/15/48 | 270,492 | |||||||||||||
| 770,000 | Michigan Strategic Fund | 3.225 | 09/01/47 | 781,981 | |||||||||||||
| 500,000 | Missouri Highway & Transportation Commission | 5.445 | 05/01/33 | 633,702 | |||||||||||||
| 244,000 | Municipal Electric Authority of Georgia | 6.637 | 04/01/57 | 366,362 | |||||||||||||
| 486,000 | Municipal Electric Authority of Georgia | 6.655 | 04/01/57 | 741,484 | |||||||||||||
| 947,000 | New Jersey Economic Development Authority | 7.425 | 02/15/29 | 1,213,302 | |||||||||||||
| 1,335,000 | New Jersey State Turnpike Authority | 7.414 | 01/01/40 | 2,179,362 | |||||||||||||
| 1,000,000 | New Jersey State Turnpike Authority | 7.102 | 01/01/41 | 1,589,424 | |||||||||||||
| 800,000 | New Jersey Transportation Trust Fund Authority | 5.754 | 12/15/28 | 954,270 | |||||||||||||
| 500,000 | New Jersey Transportation Trust Fund Authority | 4.081 | 06/15/39 | 567,519 | |||||||||||||
| 195,000 | New Jersey Transportation Trust Fund Authority | 4.131 | 06/15/42 | 221,797 | |||||||||||||
| 2,385,000 | New York City Municipal Water Finance Authority | 5.440 | 06/15/43 | 3,470,775 | |||||||||||||
| 139 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | New York City Transitional Finance Authority Future Tax Secured Revenue | 5.767 | % | 08/01/36 | $ | 1,270,847 | ||||||||||
| 1,000,000 | New York State Dormitory Authority | 2.202 | 03/15/34 | 994,577 | |||||||||||||
| 130,000 | New York State Dormitory Authority | 5.628 | 03/15/39 | 167,250 | |||||||||||||
| 545,000 | New York State Dormitory Authority | 5.600 | 03/15/40 | 731,809 | |||||||||||||
| 500,000 | New York State Dormitory Authority | 3.142 | 07/01/43 | 509,870 | |||||||||||||
| 200,000 | New York State Dormitory Authority | 4.946 | 08/01/48 | 226,240 | |||||||||||||
| 500,000 | New York State Thruway Authority | 2.900 | 01/01/35 | 526,950 | |||||||||||||
| 110,000 | New York State Thruway Authority | 3.500 | 01/01/42 | 116,289 | |||||||||||||
| 1,000,000 | New York State Urban Development Corp | 3.900 | 03/15/33 | 1,113,849 | |||||||||||||
| 2,000,000 | North Texas Tollway Authority | 3.011 | 01/01/43 | 2,018,668 | |||||||||||||
| 1,000,000 | North Texas Tollway Authority | 6.718 | 01/01/49 | 1,659,055 | |||||||||||||
| 675,000 | Ohio State Water Development Authority | 4.879 | 12/01/34 | 801,879 | |||||||||||||
| 605,000 | Ohio Turnpike & Infrastructure Commission | 3.216 | 02/15/48 | 621,340 | |||||||||||||
| 678,791 | Oregon School Boards Association | 4.759 | 06/30/28 | 764,519 | |||||||||||||
| 250,000 | Oregon School Boards Association | 5.680 | 06/30/28 | 303,140 | |||||||||||||
| 1,000,000 | Oregon State University | 3.424 | 03/01/60 | 1,029,005 | |||||||||||||
| 500,000 | Pennsylvania State University | 2.790 | 09/01/43 | 506,733 | |||||||||||||
| 205,000 | Pennsylvania State University | 2.840 | 09/01/50 | 205,915 | |||||||||||||
| 300,000 | Permanent University Fund-Texas A&M University System | 3.660 | 07/01/47 | 324,642 | |||||||||||||
| 200,000 | Permanent University Fund-University of Texas System | 3.376 | 07/01/47 | 225,724 | |||||||||||||
| 560,000 | Port Authority of New York & New Jersey | 1.086 | 07/01/23 | 567,203 | |||||||||||||
| 1,215,000 | Port Authority of New York & New Jersey | 6.040 | 12/01/29 | 1,588,011 | |||||||||||||
| 500,000 | Port Authority of New York & New Jersey | 5.647 | 11/01/40 | 701,265 | |||||||||||||
| 300,000 | Port Authority of New York & New Jersey | 4.823 | 06/01/45 | 332,219 | |||||||||||||
| 1,000,000 | Port Authority of New York & New Jersey | 5.310 | 08/01/46 | 1,102,869 | |||||||||||||
| 200,000 | Port Authority of New York & New Jersey | 4.031 | 09/01/48 | 242,752 | |||||||||||||
| 400,000 | Port Authority of New York & New Jersey | 4.229 | 10/15/57 | 511,998 | |||||||||||||
| 1,600,000 | Port Authority of New York & New Jersey | 3.175 | 07/15/60 | 1,611,305 | |||||||||||||
| 2,200,000 | Port Authority of New York & New Jersey | 4.810 | 10/15/65 | 3,081,348 | |||||||||||||
| 250,000 | Port Authority of New York & New Jersey | 3.287 | 08/01/69 | 271,745 | |||||||||||||
| 1,000,000 | Port of Morrow OR | 2.543 | 09/01/40 | 984,271 | |||||||||||||
| 220,000 | Princeton University | 5.700 | 03/01/39 | 320,137 | |||||||||||||
| 750,000 | Regents of the University of California Medical Center Pooled Revenue | 3.006 | 05/15/50 | 766,968 | |||||||||||||
| 750,000 | Regents of the University of California Medical Center Pooled Revenue | 3.256 | 05/15/60 | 805,824 | |||||||||||||
| 750,000 | Regents of the University of California Medical Center Pooled Revenue | 3.706 | 05/15/20 | 801,376 | |||||||||||||
| 500,000 | Rutgers The State University of New Jersey | 3.270 | 05/01/43 | 525,960 | |||||||||||||
| 500,000 | Rutgers The State University of New Jersey | 3.915 | 05/01/19 | 563,328 | |||||||||||||
| 200,000 | Sales Tax Securitization Corp | 4.637 | 01/01/40 | 242,105 | |||||||||||||
| 200,000 | Sales Tax Securitization Corp | 3.587 | 01/01/43 | 217,860 | |||||||||||||
| 1,000,000 | Sales Tax Securitization Corp | 3.820 | 01/01/48 | 1,118,012 | |||||||||||||
| 200,000 | Sales Tax Securitization Corp | 4.787 | 01/01/48 | 255,189 | |||||||||||||
| 100,000 | Salt River Project Agricultural Improvement & Power District | 4.839 | 01/01/41 | 130,260 | |||||||||||||
| 435,000 | San Diego County Regional Transportation Commission | 3.248 | 04/01/48 | 452,309 | |||||||||||||
| 500,000 | San Diego County Water Authority | 6.138 | 05/01/49 | 748,460 | |||||||||||||
| 100,000 | San Jose Redevelopment Agency | 3.375 | 08/01/34 | 109,045 | |||||||||||||
| 140 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 800,000 | Santa Clara Valley Transportation Authority | 5.876 | % | 04/01/32 | $ | 991,274 | ||||||||||
| 270,000 | South Carolina Public Service Authority | 2.388 | 12/01/23 | 280,422 | |||||||||||||
| 750,000 | State Board of Administration Finance Corp | 1.258 | 07/01/25 | 758,086 | |||||||||||||
| 750,000 | State Board of Administration Finance Corp | 1.705 | 07/01/27 | 762,070 | |||||||||||||
| 400,000 | State Board of Administration Finance Corp | 2.154 | 07/01/30 | 404,355 | |||||||||||||
| 645,000 | State of California | 5.700 | 11/01/21 | 647,712 | |||||||||||||
| 200,000 | State of California | 3.375 | 04/01/25 | 218,391 | |||||||||||||
| 200,000 | State of California | 3.500 | 04/01/28 | 223,199 | |||||||||||||
| 300,000 | State of California | 4.500 | 04/01/33 | 349,204 | |||||||||||||
| 250,000 | State of California | 7.500 | 04/01/34 | 384,927 | |||||||||||||
| 225,000 | State of California | 4.600 | 04/01/38 | 260,782 | |||||||||||||
| 1,285,000 | State of California | 7.550 | 04/01/39 | 2,165,287 | |||||||||||||
| 3,400,000 | State of California | 7.300 | 10/01/39 | 5,373,731 | |||||||||||||
| 2,740,000 | State of California | 7.625 | 03/01/40 | 4,557,095 | |||||||||||||
| 1,500,000 | State of California | 7.600 | 11/01/40 | 2,586,057 | |||||||||||||
| 200,000 | State of California Department of Water Resources Power Supply Revenue | 2.000 | 05/01/22 | 202,149 | |||||||||||||
| 620,000 | State of Connecticut | 5.850 | 03/15/32 | 817,392 | |||||||||||||
| 5,950,000 | State of Illinois | 5.100 | 06/01/33 | 6,935,002 | |||||||||||||
| 1,295,000 | State of Illinois | 6.725 | 04/01/35 | 1,598,576 | |||||||||||||
| 500,000 | State of Kansas Department of Transportation | 4.596 | 09/01/35 | 616,160 | |||||||||||||
| 113,324 | State of Oregon | 5.762 | 06/01/23 | 120,881 | |||||||||||||
| 85,000 | State of Oregon | 5.892 | 06/01/27 | 101,749 | |||||||||||||
| 100,000 | State of Oregon Department of Transportation | 5.834 | 11/15/34 | 136,969 | |||||||||||||
| 600,000 | State of Texas | 4.631 | 04/01/33 | 733,283 | |||||||||||||
| 50,000 | State of Texas | 5.517 | 04/01/39 | 71,894 | |||||||||||||
| 1,000,000 | State of Texas | 4.681 | 04/01/40 | 1,301,654 | |||||||||||||
| 500,000 | State of Utah | 3.539 | 07/01/25 | 528,721 | |||||||||||||
| 200,000 | State of Washington | 5.090 | 08/01/33 | 251,436 | |||||||||||||
| 200,000 | State of Wisconsin | 3.154 | 05/01/27 | 219,060 | |||||||||||||
| 200,000 | State of Wisconsin | 3.954 | 05/01/36 | 224,055 | |||||||||||||
| 604,000 | State Public School Building Authority | 5.000 | 09/15/27 | 712,151 | |||||||||||||
| 100,000 | Sumter Landing Community Development District | 4.172 | 10/01/47 | 116,039 | |||||||||||||
| 430,000 | Texas Private Activity Bond Surface Transportation Corp | 3.922 | 12/31/49 | 480,706 | |||||||||||||
| 1,000,000 | Texas Transportation Commission | 2.562 | 04/01/42 | 1,011,057 | |||||||||||||
| 1,000,000 | Texas Transportation Commission | 2.472 | 10/01/44 | 976,088 | |||||||||||||
| 575,000 | Texas Transportation Commission State Highway Fund | 5.028 | 04/01/26 | 642,956 | |||||||||||||
| 1,190,000 | Texas Transportation Commission State Highway Fund | 5.178 | 04/01/30 | 1,451,402 | |||||||||||||
| 560,000 | Texas Transportation Commission State Highway Fund | 4.000 | 10/01/33 | 668,959 | |||||||||||||
| 100,000 | The Ohio State University | 4.910 | 06/01/40 | 132,282 | |||||||||||||
| 500,000 | The Ohio State University | 3.798 | 12/01/46 | 597,486 | |||||||||||||
| 200,000 | The Ohio State University | 4.048 | 12/01/56 | 249,863 | |||||||||||||
| 1,000,000 | Trustees of the University of Pennsylvania | 2.396 | 10/01/50 | 951,301 | |||||||||||||
| 100,000 | Trustees of the University of Pennsylvania | 4.674 | 09/01/12 | 144,357 | |||||||||||||
| 500,000 | Trustees of the University of Pennsylvania | 3.610 | 02/15/19 | 557,446 | |||||||||||||
| 1,000,000 | University of California | 0.883 | 05/15/25 | 1,009,034 | |||||||||||||
| 200,000 | University of California | 3.063 | 07/01/25 | 215,168 | |||||||||||||
| 1,000,000 | University of California | 1.316 | 05/15/27 | 1,000,324 | |||||||||||||
| 500,000 | University of California | 3.349 | 07/01/29 | 559,609 | |||||||||||||
| 1,000,000 | University of California | 1.614 | 05/15/30 | 968,813 | |||||||||||||
| 141 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 200,000 | University of California | 5.770 | % | 05/15/43 | $ | 277,645 | ||||||||||
| 200,000 | University of California | 3.931 | 05/15/45 | 228,609 | |||||||||||||
| 200,000 | University of California | 4.131 | 05/15/45 | 235,457 | |||||||||||||
| 1,500,000 | University of California | 5.946 | 05/15/45 | 2,112,373 | |||||||||||||
| 1,500,000 | University of California | 3.071 | 05/15/51 | 1,520,049 | |||||||||||||
| 860,000 | University of California | 4.858 | 05/15/12 | 1,207,972 | |||||||||||||
| 200,000 | University of California | 4.767 | 05/15/15 | 273,948 | |||||||||||||
| 500,000 | University of Chicago | 2.761 | 04/01/45 | 509,766 | |||||||||||||
| 300,000 | University of Chicago | 4.003 | 10/01/53 | 372,175 | |||||||||||||
| 750,000 | University of Michigan | 2.437 | 04/01/40 | 749,681 | |||||||||||||
| 500,000 | University of Michigan | 2.562 | 04/01/50 | 489,399 | |||||||||||||
| 500,000 | University of Nebraska Facilities Corp | 3.037 | 10/01/49 | 526,778 | |||||||||||||
| 200,000 | University of Notre Dame du Lac | 3.438 | 02/15/45 | 227,671 | |||||||||||||
| 200,000 | University of Notre Dame du Lac | 3.394 | 02/15/48 | 228,834 | |||||||||||||
| 300,000 | University of Southern California | 3.028 | 10/01/39 | 321,523 | |||||||||||||
| 200,000 | University of Southern California | 3.841 | 10/01/47 | 238,923 | |||||||||||||
| 500,000 | University of Southern California | 2.805 | 10/01/50 | 510,561 | |||||||||||||
| 200,000 | University of Southern California | 5.250 | 10/01/11 | 307,694 | |||||||||||||
| 200,000 | University of Texas System | 3.852 | 08/15/46 | 246,384 | |||||||||||||
| 700,000 | University of Texas System | 4.794 | 08/15/46 | 933,378 | |||||||||||||
| 750,000 | University of Texas System | 2.439 | 08/15/49 | 723,167 | |||||||||||||
| 1,000,000 | University of Virginia | 2.256 | 09/01/50 | 919,686 | |||||||||||||
| 1,600,000 | University of Virginia | 2.584 | 11/01/51 | 1,571,532 | |||||||||||||
| 500,000 | University of Virginia | 3.227 | 09/01/19 | 502,462 | |||||||||||||
| 150,000 | Virginia Commonwealth Transportation Board | 5.350 | 05/15/35 | 183,885 | |||||||||||||
| 750,000 | Westchester County Local Development Corp | 3.846 | 11/01/50 | 787,014 | |||||||||||||
| 200,000 | William Marsh Rice University | 3.574 | 05/15/45 | 227,218 | |||||||||||||
| 200,000 | William Marsh Rice University | 3.774 | 05/15/55 | 242,472 | |||||||||||||
| TOTAL MUNICIPAL BONDS | 175,557,030 | ||||||||||||||||
| U.S. TREASURY SECURITIES - 37.8% | |||||||||||||||||
| 21,250,000 | United States Treasury Bond | 4.500 | 02/15/36 | 29,036,963 | |||||||||||||
| 22,400,000 | United States Treasury Bond | 5.000 | 05/15/37 | 32,450,250 | |||||||||||||
| 179,483,000 | United States Treasury Bond | 3.500 | 02/15/39 | 223,764,822 | |||||||||||||
| 2,000,000 | United States Treasury Bond | 4.500 | 08/15/39 | 2,808,985 | |||||||||||||
| 44,850,000 | United States Treasury Bond | 4.375 | 11/15/39 | 62,152,289 | |||||||||||||
| 17,585,000 | United States Treasury Bond | 3.875 | 08/15/40 | 23,058,331 | |||||||||||||
| 11,185,000 | United States Treasury Bond | 4.250 | 11/15/40 | 15,372,821 | |||||||||||||
| 26,350,000 | United States Treasury Bond | 4.375 | 05/15/41 | 36,905,440 | |||||||||||||
| 10,000,000 | United States Treasury Bond | 3.750 | 08/15/41 | 12,962,500 | |||||||||||||
| 48,300,000 | United States Treasury Bond | 3.125 | 11/15/41 | 57,522,281 | |||||||||||||
| 18,550,000 | United States Treasury Bond | 3.125 | 02/15/42 | 22,131,744 | |||||||||||||
| 22,000,000 | United States Treasury Bond | 3.000 | 05/15/42 | 25,721,953 | |||||||||||||
| 20,000,000 | United States Treasury Bond | 2.750 | 08/15/42 | 22,507,031 | |||||||||||||
| 10,250,000 | United States Treasury Bond | 2.875 | 05/15/43 | 11,763,076 | |||||||||||||
| 16,000,000 | United States Treasury Bond | 2.500 | 02/15/45 | 17,278,750 | |||||||||||||
| 22,000,000 | United States Treasury Bond | 3.000 | 05/15/45 | 25,884,375 | |||||||||||||
| 16,000,000 | United States Treasury Bond | 2.875 | 08/15/45 | 18,448,750 | |||||||||||||
| 27,000,000 | United States Treasury Bond | 2.500 | 05/15/46 | 29,215,898 | |||||||||||||
| 13,300,000 | United States Treasury Bond | 2.875 | 11/15/46 | 15,405,660 | |||||||||||||
| 28,000,000 | United States Treasury Bond | 3.000 | 02/15/47 | 33,177,813 | |||||||||||||
| 30,000,000 | United States Treasury Bond | 2.750 | 08/15/47 | 34,051,172 | |||||||||||||
| 45,000,000 | United States Treasury Bond | 2.750 | 11/15/47 | 51,127,735 | |||||||||||||
| 142 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 38,500,000 | United States Treasury Bond | 3.000 | % | 02/15/48 | $ | 45,778,906 | ||||||||||
| 48,500,000 | United States Treasury Bond | 3.125 | 05/15/48 | 59,010,859 | |||||||||||||
| 35,500,000 | United States Treasury Bond | 3.000 | 08/15/48 | 42,297,696 | |||||||||||||
| 35,000,000 | United States Treasury Bond | 3.375 | 11/15/48 | 44,586,719 | |||||||||||||
| 82,500,000 | United States Treasury Bond | 3.000 | 02/15/49 | 98,619,726 | |||||||||||||
| 10,500,000 | United States Treasury Bond | 2.875 | 05/15/49 | 12,283,359 | |||||||||||||
| 7,500,000 | United States Treasury Bond | 2.250 | 08/15/49 | 7,774,219 | |||||||||||||
| 8,615,000 | United States Treasury Bond | 2.375 | 11/15/49 | 9,169,254 | |||||||||||||
| 379,100 | United States Treasury Note | 8.000 | 11/15/21 | 382,781 | |||||||||||||
| 5,000,000 | United States Treasury Note | 1.375 | 10/15/22 | 5,065,625 | |||||||||||||
| 65,000,000 | United States Treasury Note | 2.000 | 10/31/22 | 66,327,930 | |||||||||||||
| 31,750,000 | United States Treasury Note | 1.625 | 11/15/22 | 32,285,781 | |||||||||||||
| 20,000,000 | United States Treasury Note | 0.125 | 11/30/22 | 19,996,875 | |||||||||||||
| 68,000,000 | United States Treasury Note | 2.000 | 11/30/22 | 69,476,875 | |||||||||||||
| 57,000,000 | United States Treasury Note | 1.625 | 12/15/22 | 58,021,992 | |||||||||||||
| 60,000,000 | United States Treasury Note | 2.625 | 02/28/23 | 62,074,219 | |||||||||||||
| 80,000,000 | United States Treasury Note | 2.500 | 03/31/23 | 82,765,625 | |||||||||||||
| 15,000,000 | United States Treasury Note | 0.250 | 04/15/23 | 15,011,133 | |||||||||||||
| 85,000,000 | United States Treasury Note | 0.125 | 04/30/23 | 84,887,110 | |||||||||||||
| 30,000,000 | United States Treasury Note | 2.750 | 04/30/23 | 31,204,688 | |||||||||||||
| 80,000,000 | United States Treasury Note | 2.750 | 05/31/23 | 83,359,375 | |||||||||||||
| 91,500,000 | United States Treasury Note | 2.625 | 06/30/23 | 95,310,117 | |||||||||||||
| 70,000,000 | United States Treasury Note | 2.750 | 07/31/23 | 73,191,016 | |||||||||||||
| 47,000,000 | United States Treasury Note | 0.125 | 08/31/23 | 46,875,156 | |||||||||||||
| 116,000,000 | United States Treasury Note | 2.750 | 08/31/23 | 121,487,344 | |||||||||||||
| 35,000,000 | United States Treasury Note | 2.875 | 09/30/23 | 36,795,117 | |||||||||||||
| 13,000,000 | United States Treasury Note | 2.750 | 11/15/23 | 13,669,297 | |||||||||||||
| 10,000,000 | United States Treasury Note | 2.125 | 11/30/23 | 10,388,281 | |||||||||||||
| 65,000,000 | United States Treasury Note | 2.875 | 11/30/23 | 68,567,383 | |||||||||||||
| 10,000,000 | United States Treasury Note | 2.250 | 12/31/23 | 10,425,000 | |||||||||||||
| 55,000,000 | United States Treasury Note | 2.625 | 12/31/23 | 57,799,414 | |||||||||||||
| 129,300,000 | United States Treasury Note | 2.500 | 01/31/24 | 135,704,391 | |||||||||||||
| 70,000,000 | United States Treasury Note | 2.375 | 02/29/24 | 73,338,672 | |||||||||||||
| 15,000,000 | United States Treasury Note | 0.250 | 03/15/24 | 14,947,852 | |||||||||||||
| 325,000,000 | United States Treasury Note | 2.125 | 03/31/24 | 338,825,194 | |||||||||||||
| 174,000,000 | United States Treasury Note | 2.250 | 04/30/24 | 182,135,859 | |||||||||||||
| 30,000,000 | United States Treasury Note | 0.250 | 05/15/24 | 29,855,859 | |||||||||||||
| 111,500,000 | United States Treasury Note | 2.000 | 05/31/24 | 116,081,953 | |||||||||||||
| 152,000,000 | United States Treasury Note | 1.750 | 06/30/24 | 157,355,626 | |||||||||||||
| 212,000,000 | United States Treasury Note | 1.750 | 07/31/24 | 219,610,469 | |||||||||||||
| 20,000,000 | United States Treasury Note | 0.375 | 08/15/24 | 19,928,125 | |||||||||||||
| 22,000,000 | United States Treasury Note | 1.250 | 08/31/24 | 22,474,375 | |||||||||||||
| 81,000,000 | United States Treasury Note | 1.500 | 09/30/24 | 83,369,883 | |||||||||||||
| 90,500,000 | United States Treasury Note | 1.500 | 10/31/24 | 93,158,437 | |||||||||||||
| 40,005,000 | United States Treasury Note | 2.250 | 11/15/24 | 42,106,825 | |||||||||||||
| 61,900,000 | United States Treasury Note | 1.500 | 11/30/24 | 63,711,058 | |||||||||||||
| 75,000,000 | United States Treasury Note | 1.750 | 12/31/24 | 77,815,429 | |||||||||||||
| 40,000,000 | United States Treasury Note | 2.250 | 12/31/24 | 42,137,500 | |||||||||||||
| 13,000,000 | United States Treasury Note | 1.375 | 01/31/25 | 13,327,539 | |||||||||||||
| 40,000,000 | United States Treasury Note | 1.125 | 02/28/25 | 40,667,188 | |||||||||||||
| 73,000,000 | United States Treasury Note | 0.500 | 03/31/25 | 72,595,078 | |||||||||||||
| 8,000,000 | United States Treasury Note | 2.625 | 03/31/25 | 8,544,375 | |||||||||||||
| 50,000,000 | United States Treasury Note | 0.375 | 04/30/25 | 49,445,313 | |||||||||||||
| 134,000,000 | United States Treasury Note | 0.250 | 06/30/25 | 131,613,125 | |||||||||||||
| 143 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 110,000,000 | United States Treasury Note | 0.250 | % | 07/31/25 | $ | 107,894,532 | ||||||||||
| 54,000,000 | United States Treasury Note | 0.250 | 08/31/25 | 52,896,797 | |||||||||||||
| 20,000,000 | United States Treasury Note | 2.750 | 08/31/25 | 21,521,875 | |||||||||||||
| 50,000,000 | United States Treasury Note | 0.250 | 09/30/25 | 48,927,735 | |||||||||||||
| 30,000,000 | United States Treasury Note | 3.000 | 09/30/25 | 32,612,109 | |||||||||||||
| 97,000,000 | United States Treasury Note | 0.250 | 10/31/25 | 94,775,820 | |||||||||||||
| 30,000,000 | United States Treasury Note | 2.250 | 11/15/25 | 31,730,859 | |||||||||||||
| 275,000,000 | United States Treasury Note | 0.375 | 11/30/25 | 269,747,071 | |||||||||||||
| 50,000,000 | United States Treasury Note | 0.375 | 12/31/25 | 48,992,188 | |||||||||||||
| 126,000,000 | United States Treasury Note | 0.375 | 01/31/26 | 123,292,968 | |||||||||||||
| 137,000,000 | United States Treasury Note | 0.500 | 02/28/26 | 134,688,125 | |||||||||||||
| 90,000,000 | United States Treasury Note | 0.750 | 03/31/26 | 89,363,672 | |||||||||||||
| 50,000,000 | United States Treasury Note | 2.250 | 03/31/26 | 52,976,563 | |||||||||||||
| 120,000,000 | United States Treasury Note | 0.750 | 04/30/26 | 119,076,563 | |||||||||||||
| 30,000,000 | United States Treasury Note | 1.625 | 05/15/26 | 30,939,844 | |||||||||||||
| 165,000,000 | United States Treasury Note | 0.750 | 05/31/26 | 163,614,257 | |||||||||||||
| 135,000,000 | United States Treasury Note | 0.875 | 06/30/26 | 134,525,391 | |||||||||||||
| 85,000,000 | United States Treasury Note | 0.625 | 07/31/26 | 83,638,672 | |||||||||||||
| 130,000,000 | United States Treasury Note | 0.750 | 08/31/26 | 128,608,594 | |||||||||||||
| 60,000,000 | United States Treasury Note | 0.875 | 09/30/26 | 59,676,563 | |||||||||||||
| 71,000,000 | United States Treasury Note | 1.625 | 09/30/26 | 73,207,656 | |||||||||||||
| 10,000,000 | United States Treasury Note | 1.625 | 10/31/26 | 10,307,031 | |||||||||||||
| 89,500,000 | United States Treasury Note | 1.750 | 12/31/26 | 92,803,808 | |||||||||||||
| 5,000,000 | United States Treasury Note | 0.500 | 06/30/27 | 4,826,563 | |||||||||||||
| 46,000,000 | United States Treasury Note | 2.250 | 08/15/27 | 48,891,172 | |||||||||||||
| 75,000,000 | United States Treasury Note | 0.625 | 11/30/27 | 72,433,594 | |||||||||||||
| 48,800,000 | United States Treasury Note | 2.750 | 02/15/28 | 53,388,344 | |||||||||||||
| 66,000,000 | United States Treasury Note | 2.875 | 05/15/28 | 72,793,360 | |||||||||||||
| 20,000,000 | United States Treasury Note | 1.250 | 06/30/28 | 19,957,812 | |||||||||||||
| 50,000,000 | United States Treasury Note | 1.125 | 08/31/28 | 49,406,250 | |||||||||||||
| 85,000,000 | United States Treasury Note | 3.125 | 11/15/28 | 95,498,828 | |||||||||||||
| 50,000,000 | United States Treasury Note | 2.625 | 02/15/29 | 54,515,625 | |||||||||||||
| 92,000,000 | United States Treasury Note | 2.375 | 05/15/29 | 98,756,250 | |||||||||||||
| 22,000,000 | United States Treasury Note | 1.625 | 08/15/29 | 22,407,344 | |||||||||||||
| 117,000,000 | United States Treasury Note | 1.500 | 02/15/30 | 117,744,961 | |||||||||||||
| 50,000,000 | United States Treasury Note | 0.625 | 05/15/30 | 46,667,969 | |||||||||||||
| 37,000,000 | United States Treasury Note | 0.625 | 08/15/30 | 34,420,117 | |||||||||||||
| 64,000,000 | United States Treasury Note | 0.875 | 11/15/30 | 60,735,000 | |||||||||||||
| 30,000,000 | United States Treasury Note | 1.125 | 02/15/31 | 29,057,813 | |||||||||||||
| 131,000,000 | United States Treasury Note | 1.625 | 05/15/31 | 132,535,156 | |||||||||||||
| 52,000,000 | United States Treasury Note | 1.250 | 08/15/31 | 50,740,625 | |||||||||||||
| 57,000,000 | United States Treasury Note | 1.125 | 05/15/40 | 49,267,149 | |||||||||||||
| 32,500,000 | United States Treasury Note | 1.125 | 08/15/40 | 27,967,774 | |||||||||||||
| 127,500,000 | United States Treasury Note | 1.375 | 11/15/40 | 114,530,859 | |||||||||||||
| 76,500,000 | United States Treasury Note | 1.875 | 02/15/41 | 74,826,562 | |||||||||||||
| 90,000,000 | United States Treasury Note | 2.250 | 05/15/41 | 93,585,937 | |||||||||||||
| 36,000,000 | United States Treasury Note | 1.750 | 08/15/41 | 34,413,750 | |||||||||||||
| 35,850,000 | United States Treasury Note | 1.250 | 05/15/50 | 29,328,381 | |||||||||||||
| 28,000,000 | United States Treasury Note | 1.375 | 08/15/50 | 23,627,187 | |||||||||||||
| 68,500,000 | United States Treasury Note | 1.625 | 11/15/50 | 61,540,293 | |||||||||||||
| 50,000,000 | United States Treasury Note | 1.875 | 02/15/51 | 47,679,687 | |||||||||||||
| 55,000,000 | United States Treasury Note | 2.375 | 05/15/51 | 58,695,312 | |||||||||||||
| 144 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 44,000,000 | United States Treasury Note | 2.000 | % | 08/15/51 | $ | 43,223,125 | ||||||||||
| TOTAL U.S. TREASURY SECURITIES | 8,025,669,128 | ||||||||||||||||
| TOTAL GOVERNMENT BONDS | 14,938,296,842 | ||||||||||||||||
| (Cost $14,626,158,298) | |||||||||||||||||
| STRUCTURED ASSETS - 2.7% | |||||||||||||||||
| ASSET BACKED - 0.7% | |||||||||||||||||
| 147,896 | American Airlines Pass Through Trust | 3.600 | 09/22/27 | 153,148 | |||||||||||||
| Series - 2015 2 (Class AA) | |||||||||||||||||
| 152,374 | American Airlines Pass Through Trust | 3.575 | 01/15/28 | 155,420 | |||||||||||||
| Series - 2016 1 (Class AA) | |||||||||||||||||
| 452,525 | American Airlines Pass Through Trust | 3.200 | 06/15/28 | 455,446 | |||||||||||||
| Series - 2016 2 (Class AA) | |||||||||||||||||
| 234,375 | American Airlines Pass Through Trust | 3.650 | 02/15/29 | 241,925 | |||||||||||||
| Series - 2017 1 (Class AA) | |||||||||||||||||
| 689,037 | American Airlines Pass Through Trust | 3.150 | 02/15/32 | 695,811 | |||||||||||||
| Series - 2019 1 (Class ) | |||||||||||||||||
| 3,000,000 | American Express Credit Account Master Trust | 2.870 | 10/15/24 | 3,037,222 | |||||||||||||
| Series - 2019 1 (Class A) | |||||||||||||||||
| 4,250,000 | American Express Credit Account Master Trust | 2.670 | 11/15/24 | 4,307,604 | |||||||||||||
| Series - 2019 2 (Class A) | |||||||||||||||||
| 776,823 | AmeriCredit Automobile Receivables Trust | 2.600 | 09/18/23 | 780,912 | |||||||||||||
| Series - 2017 4 (Class C) | |||||||||||||||||
| 189,988 | AmeriCredit Automobile Receivables Trust | 2.970 | 11/20/23 | 190,021 | |||||||||||||
| Series - 2019 1 (Class A3) | |||||||||||||||||
| 866,374 | AmeriCredit Automobile Receivables Trust | 1.110 | 08/19/24 | 869,564 | |||||||||||||
| Series - 2020 1 (Class A3) | |||||||||||||||||
| 500,000 | AmeriCredit Automobile Receivables Trust | 1.480 | 01/21/25 | 505,707 | |||||||||||||
| Series - 2020 1 (Class B) | |||||||||||||||||
| 500,000 | AmeriCredit Automobile Receivables Trust | 0.530 | 06/18/25 | 501,199 | |||||||||||||
| Series - 2020 3 (Class A3) | |||||||||||||||||
| 500,000 | AmeriCredit Automobile Receivables Trust | 1.060 | 08/18/26 | 503,329 | |||||||||||||
| Series - 2020 3 (Class C) | |||||||||||||||||
| 1,500,000 | AmeriCredit Automobile Receivables Trust | 0.680 | 10/19/26 | 1,498,602 | |||||||||||||
| Series - 2021 1 (Class B) | |||||||||||||||||
| 1,000,000 | AmeriCredit Automobile Receivables Trust | 0.890 | 10/19/26 | 1,001,833 | |||||||||||||
| Series - 2021 1 (Class C) | |||||||||||||||||
| 500,000 | AmeriCredit Automobile Receivables Trust | 0.690 | 01/19/27 | 499,012 | |||||||||||||
| Series - 2021 2 (Class B) | |||||||||||||||||
| 500,000 | AmeriCredit Automobile Receivables Trust | 1.010 | 01/19/27 | 498,233 | |||||||||||||
| Series - 2021 2 (Class C) | |||||||||||||||||
| 2,500,000 | BA Credit Card Trust | 0.340 | 05/15/26 | 2,492,627 | |||||||||||||
| Series - 2020 A1 (Class A1) | |||||||||||||||||
| 960,000 | BA Credit Card Trust | 0.440 | 09/15/26 | 957,712 | |||||||||||||
| Series - 2021 A1 (Class A1) | |||||||||||||||||
| 2,450,000 | Barclays Dryrock Issuance Trust | 0.630 | 07/15/27 | 2,443,059 | |||||||||||||
| Series - 2021 1 (Class A) | |||||||||||||||||
| 1,000,000 | BMW Vehicle Lease Trust | 0.430 | 01/27/25 | 997,153 | |||||||||||||
| Series - 2021 2 (Class A4) | |||||||||||||||||
| 10,000,000 | Cantor Commercial Real Estate Lending | 3.523 | 05/15/52 | 10,947,986 | |||||||||||||
| Series - 2019 CF1 (Class A4) | |||||||||||||||||
| 6,000,000 | Cantor Commercial Real Estate Lending | 3.623 | 05/15/52 | 6,351,168 | |||||||||||||
| Series - 2019 CF1 (Class A2) | |||||||||||||||||
| 145 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,500,000 | Capital One Multi-Asset Execution Trust | 2.840 | % | 12/15/24 | $ | 2,525,186 | ||||||||||
| Series - 2019 A1 (Class A1) | |||||||||||||||||
| 2,500,000 | Capital One Multi-Asset Execution Trust | 2.060 | 08/15/28 | 2,610,846 | |||||||||||||
| Series - 2019 A3 (Class A3) | |||||||||||||||||
| 798,628 | Capital One Prime Auto Receivables Trust | 2.510 | 11/15/23 | 805,860 | |||||||||||||
| Series - 2019 1 (Class A3) | |||||||||||||||||
| 957,485 | CarMax Auto Owner Trust | 1.700 | 11/15/24 | 966,368 | |||||||||||||
| Series - 2020 2 (Class A3) | |||||||||||||||||
| 1,000,000 | CarMax Auto Owner Trust | 2.770 | 12/16/24 | 1,031,165 | |||||||||||||
| Series - 2019 2 (Class A4) | |||||||||||||||||
| 500,000 | CarMax Auto Owner Trust | 0.500 | 08/15/25 | 501,097 | |||||||||||||
| Series - 2020 4 (Class A3) | |||||||||||||||||
| 2,000,000 | CarMax Auto Owner Trust | 0.520 | 02/17/26 | 2,003,810 | |||||||||||||
| Series - 2021 2 (Class A3) | |||||||||||||||||
| 500,000 | CarMax Auto Owner Trust | 0.530 | 10/15/26 | 499,661 | |||||||||||||
| Series - 2021 1 (Class A4) | |||||||||||||||||
| 900,000 | CarMax Auto Owner Trust | 0.740 | 10/15/26 | 892,419 | |||||||||||||
| Series - 2021 1 (Class B) | |||||||||||||||||
| 1,000,000 | Chase Issuance Trust | 2.160 | 09/15/24 | 1,018,867 | |||||||||||||
| Series - 2012 A7 (Class A7) | |||||||||||||||||
| 1,250,000 | CitiBank Credit Card Issuance Trust | 2.190 | 11/20/23 | 1,253,384 | |||||||||||||
| Series - 2016 A2 (Class A2) | |||||||||||||||||
| 400,000 | CNH Equipment Trust | 0.440 | 08/17/26 | 399,396 | |||||||||||||
| Series - 2021 B (Class A3) | |||||||||||||||||
| 1,000,000 | CNH Equipment Trust | 0.700 | 05/17/27 | 992,008 | |||||||||||||
| Series - 2021 B (Class A4) | |||||||||||||||||
| 1,500,000 | Discover Card Execution Note Trust | 0.580 | 09/15/26 | 1,496,179 | |||||||||||||
| Series - 2021 A1 (Class A1) | |||||||||||||||||
| 1,500,000 | Discover Card Execution Note Trust | 1.030 | 09/15/28 | 1,489,913 | |||||||||||||
| Series - 2021 A2 (Class A2) | |||||||||||||||||
| 311,819 | Drive Auto Receivables Trust | 0.830 | 05/15/24 | 312,108 | |||||||||||||
| Series - 2020 2 (Class A3) | |||||||||||||||||
| 500,000 | Drive Auto Receivables Trust | 1.420 | 03/17/25 | 502,721 | |||||||||||||
| Series - 2020 2 (Class B) | |||||||||||||||||
| 1,000,000 | Drive Auto Receivables Trust | 1.020 | 06/15/27 | 1,004,087 | |||||||||||||
| Series - 2021 1 (Class C) | |||||||||||||||||
| 946,527 | FedEx Corp 2020- Class AA Pass Through Trust | 1.875 | 02/20/34 | 935,242 | |||||||||||||
| 3,000,000 | FHLMC Multifamily Structured Pass Through Certificates | 2.307 | 08/25/22 | 3,043,679 | |||||||||||||
| Series - 2012 K023 (Class A2) | |||||||||||||||||
| 9,297 | FHLMC Multifamily Structured Pass Through Certificates | 2.779 | 09/25/22 | 9,303 | |||||||||||||
| Series - 2013 K030 (Class A1) | |||||||||||||||||
| 500,000 | FHLMC Multifamily Structured Pass Through Certificates | 2.510 | 11/25/22 | 510,553 | |||||||||||||
| Series - 2013 K026 (Class A2) | |||||||||||||||||
| 500,000 | FHLMC Multifamily Structured Pass Through Certificates | 2.637 | 01/25/23 | 512,121 | |||||||||||||
| Series - 2013 K027 (Class A2) | |||||||||||||||||
| 16,217 | FHLMC Multifamily Structured Pass Through Certificates | 2.669 | 02/25/23 | 16,407 | |||||||||||||
| Series - 2013 K034 (Class A1) | |||||||||||||||||
| 146 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 3,000,000 | i | FHLMC Multifamily Structured Pass Through Certificates | 3.060 | % | 07/25/23 | $ | 3,125,944 | |||||||||
| Series - 2013 K033 (Class A2) | |||||||||||||||||
| 1,750,000 | i | FHLMC Multifamily Structured Pass Through Certificates | 3.531 | 07/25/23 | 1,836,555 | ||||||||||||
| Series - 2013 K034 (Class A2) | |||||||||||||||||
| 1,500,000 | i | FHLMC Multifamily Structured Pass Through Certificates | 3.527 | 10/25/23 | 1,583,974 | ||||||||||||
| Series - 2014 K036 (Class A2) | |||||||||||||||||
| 3,000,000 | FHLMC Multifamily Structured Pass Through Certificates | 3.023 | 11/25/25 | 3,208,206 | |||||||||||||
| Series - 2015 K045 (Class A2) | |||||||||||||||||
| 1,224,000 | FHLMC Multifamily Structured Pass Through Certificates | 1.760 | 03/25/28 | 1,254,874 | |||||||||||||
| Series - 2021 K742 (Class A2) | |||||||||||||||||
| 749,000 | FHLMC Multifamily Structured Pass Through Certificates | 1.369 | 04/25/28 | 746,711 | |||||||||||||
| Series - 2021 K742 (Class AM) | |||||||||||||||||
| 1,000,000 | Ford Credit Auto Lease Trust | 0.620 | 08/15/23 | 1,002,152 | |||||||||||||
| Series - 2020 B (Class A3) | |||||||||||||||||
| 1,000,000 | Ford Credit Auto Lease Trust | 0.690 | 10/15/23 | 1,004,387 | |||||||||||||
| Series - 2020 B (Class A4) | |||||||||||||||||
| 500,000 | Ford Credit Auto Lease Trust | 1.000 | 11/15/23 | 503,602 | |||||||||||||
| Series - 2020 B (Class B) | |||||||||||||||||
| 1,500,000 | Ford Credit Auto Lease Trust | 0.300 | 04/15/24 | 1,499,700 | |||||||||||||
| Series - 2021 A (Class A4) | |||||||||||||||||
| 600,000 | Ford Credit Auto Lease Trust | 0.470 | 05/15/24 | 599,926 | |||||||||||||
| Series - 2021 A (Class B) | |||||||||||||||||
| 1,465,226 | Ford Credit Auto Owner Trust | 2.230 | 10/15/23 | 1,476,785 | |||||||||||||
| Series - 2019 B (Class A3) | |||||||||||||||||
| 500,000 | Ford Credit Auto Owner Trust | 0.510 | 08/15/26 | 497,722 | |||||||||||||
| Series - 2020 C (Class A4) | |||||||||||||||||
| 2,000,000 | Ford Credit Auto Owner Trust | 0.490 | 09/15/26 | 1,985,906 | |||||||||||||
| Series - 2021 A (Class A4) | |||||||||||||||||
| 2,350,000 | Ford Credit Floorplan Master Owner Trust | 2.230 | 09/15/24 | 2,393,642 | |||||||||||||
| Series - 2019 3 (Class A1) | |||||||||||||||||
| 850,000 | Ford Credit Floorplan Master Owner Trust | 2.440 | 09/15/26 | 889,560 | |||||||||||||
| Series - 2019 4 (Class A) | |||||||||||||||||
| 1,000,000 | GM Financial Consumer Automobile Receivables Trust | 2.710 | 08/16/24 | 1,023,805 | |||||||||||||
| Series - 2019 2 (Class A4) | |||||||||||||||||
| 500,000 | GM Financial Consumer Automobile Receivables Trust | 1.490 | 12/16/24 | 504,435 | |||||||||||||
| Series - 2020 2 (Class A3) | |||||||||||||||||
| 500,000 | GM Financial Consumer Automobile Receivables Trust | 0.380 | 08/18/25 | 500,297 | |||||||||||||
| Series - 2020 4 (Class A3) | |||||||||||||||||
| 750,000 | GM Financial Consumer Automobile Receivables Trust | 0.350 | 10/16/25 | 750,106 | |||||||||||||
| Series - 2021 1 (Class A3) | |||||||||||||||||
| 500,000 | GM Financial Consumer Automobile Receivables Trust | 0.500 | 02/17/26 | 498,023 | |||||||||||||
| Series - 2020 4 (Class A4) | |||||||||||||||||
| 147 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | GM Financial Consumer Automobile Receivables Trust | 0.510 | % | 04/16/26 | $ | 1,001,289 | ||||||||||
| Series - 2021 2 (Class A3) | |||||||||||||||||
| 1,000,000 | GM Financial Leasing Trust | 0.450 | 08/21/23 | 1,001,629 | |||||||||||||
| Series - 2020 3 (Class A3) | |||||||||||||||||
| 1,000,000 | GM Financial Leasing Trust | 0.510 | 10/21/24 | 1,002,424 | |||||||||||||
| Series - 2020 3 (Class A4) | |||||||||||||||||
| 1,000,000 | GM Financial Leasing Trust | 1.010 | 07/21/25 | 999,562 | |||||||||||||
| Series - 2021 1 (Class D) | |||||||||||||||||
| 1,026,899 | Honda Auto Receivables Owner Trust | 2.520 | 06/21/23 | 1,037,299 | |||||||||||||
| Series - 2019 2 (Class A3) | |||||||||||||||||
| 1,633,951 | Honda Auto Receivables Owner Trust | 3.160 | 08/19/24 | 1,635,912 | |||||||||||||
| Series - 2018 2 (Class A4) | |||||||||||||||||
| 1,000,000 | Honda Auto Receivables Owner Trust | 0.550 | 08/16/27 | 994,924 | |||||||||||||
| Series - 2021 2 (Class A4) | |||||||||||||||||
| 1,000,000 | Honda Auto Receivables Owner Trust | 0.420 | 01/21/28 | 995,685 | |||||||||||||
| Series - 2021 1 (Class A4) | |||||||||||||||||
| 500,000 | Hyundai Auto Receivables Trust | 0.380 | 09/15/25 | 499,798 | |||||||||||||
| Series - 2021 A (Class A3) | |||||||||||||||||
| 2,000,000 | Hyundai Auto Receivables Trust | 3.030 | 11/17/25 | 2,068,347 | |||||||||||||
| Series - 2019 A (Class C) | |||||||||||||||||
| 1,000,000 | Hyundai Auto Receivables Trust | 0.620 | 05/17/27 | 995,902 | |||||||||||||
| Series - 2021 A (Class A4) | |||||||||||||||||
| 800,000 | John Deere Owner Trust | 0.520 | 03/16/26 | 799,530 | |||||||||||||
| Series - 2021 B (Class A3) | |||||||||||||||||
| 500,000 | John Deere Owner Trust | 0.740 | 05/15/28 | 498,743 | |||||||||||||
| Series - 2021 B (Class A4) | |||||||||||||||||
| 1,000,000 | Mercedes-Benz Auto Lease Trust | 0.400 | 11/15/23 | 1,001,510 | |||||||||||||
| Series - 2020 B (Class A3) | |||||||||||||||||
| 250,000 | Mercedes-Benz Auto Lease Trust | 0.500 | 06/15/26 | 250,636 | |||||||||||||
| Series - 2020 B (Class A4) | |||||||||||||||||
| 1,000,000 | Mercedes-Benz Auto Lease Trust | 0.320 | 10/15/26 | 999,037 | |||||||||||||
| Series - 2021 A (Class A4) | |||||||||||||||||
| 836,508 | Nissan Auto Receivables Owner Trust | 2.900 | 10/16/23 | 844,642 | |||||||||||||
| Series - 2019 A (Class A3) | |||||||||||||||||
| 1,093,728 | Nissan Auto Receivables Owner Trust | 2.500 | 11/15/23 | 1,104,342 | |||||||||||||
| Series - 2019 B (Class A3) | |||||||||||||||||
| 1,500,000 | SANTANDER DRIVE AUTO 2021 | 1.350 | 07/15/27 | 1,505,628 | |||||||||||||
| Series - 2021 2 (Class D) | |||||||||||||||||
| 400,000 | Santander Drive Auto Receivables Trust | 0.480 | 07/15/24 | 400,406 | |||||||||||||
| Series - 2020 4 (Class A3) | |||||||||||||||||
| 453,993 | Santander Drive Auto Receivables Trust | 0.520 | 07/15/24 | 454,178 | |||||||||||||
| Series - 2020 3 (Class A3) | |||||||||||||||||
| 500,000 | Santander Drive Auto Receivables Trust | 0.690 | 03/17/25 | 501,124 | |||||||||||||
| Series - 2020 3 (Class B) | |||||||||||||||||
| 500,000 | Santander Drive Auto Receivables Trust | 0.730 | 03/17/25 | 501,469 | |||||||||||||
| Series - 2020 4 (Class B) | |||||||||||||||||
| 1,000,000 | Santander Drive Auto Receivables Trust | 0.500 | 04/15/25 | 1,001,309 | |||||||||||||
| Series - 2021 1 (Class B) | |||||||||||||||||
| 250,000 | Santander Drive Auto Receivables Trust | 1.010 | 01/15/26 | 251,616 | |||||||||||||
| Series - 2020 4 (Class C) | |||||||||||||||||
| 500,000 | Santander Drive Auto Receivables Trust | 0.750 | 02/17/26 | 502,046 | |||||||||||||
| Series - 2021 1 (Class C) | |||||||||||||||||
| 4,000,000 | Synchrony Card Funding LLC | 2.340 | 06/15/25 | 4,056,690 | |||||||||||||
| Series - 2019 A2 (Class A) | |||||||||||||||||
| 148 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,160,000 | Toyota Auto Receivables Owner Trust | 1.360 | % | 08/15/24 | $ | 2,178,320 | ||||||||||
| Series - 2020 B (Class A3) | |||||||||||||||||
| 500,000 | Toyota Auto Receivables Owner Trust | 0.350 | 01/15/25 | 500,367 | |||||||||||||
| Series - 2020 D (Class A3) | |||||||||||||||||
| 500,000 | Toyota Auto Receivables Owner Trust | 0.470 | 01/15/26 | 498,744 | |||||||||||||
| Series - 2020 D (Class A4) | |||||||||||||||||
| 1,500,000 | Toyota Auto Receivables Owner Trust | 0.530 | 10/15/26 | 1,492,550 | |||||||||||||
| Series - 2021 B (Class A4) | |||||||||||||||||
| 195,888 | United Airlines Pass Through Trust | 4.300 | 08/15/25 | 210,276 | |||||||||||||
| Series - 2013 1 (Class A) | |||||||||||||||||
| 198,861 | United Airlines Pass Through Trust | 3.750 | 09/03/26 | 209,130 | |||||||||||||
| Series - 2014 2 (Class A) | |||||||||||||||||
| 2,318,688 | United Airlines Pass Through Trust | 5.875 | 10/15/27 | 2,594,710 | |||||||||||||
| 151,647 | United Airlines Pass Through Trust | 3.450 | 12/01/27 | 159,824 | |||||||||||||
| Series - 2015 1 (Class AA) | |||||||||||||||||
| 157,787 | United Airlines Pass Through Trust | 3.100 | 07/07/28 | 164,445 | |||||||||||||
| Series - 2016 1 (Class AA) | |||||||||||||||||
| 157,788 | United Airlines Pass Through Trust | 3.450 | 07/07/28 | 158,937 | |||||||||||||
| Series - 2016 1 (Class A) | |||||||||||||||||
| 325,993 | United Airlines Pass Through Trust | 2.875 | 10/07/28 | 330,023 | |||||||||||||
| Series - 2016 2 (Class A) | |||||||||||||||||
| 1,288,018 | United Airlines Pass Through Trust | 3.500 | 03/01/30 | 1,358,325 | |||||||||||||
| Series - 2018 1 (Class AA) | |||||||||||||||||
| 327,783 | United Airlines Pass Through Trust | 4.150 | 08/25/31 | 352,694 | |||||||||||||
| Series - 2019 1 (Class AA) | |||||||||||||||||
| 240,276 | United Airlines Pass Through Trust | 2.700 | 05/01/32 | 242,904 | |||||||||||||
| Series - 2019 2 (Class ) | |||||||||||||||||
| 4,410,000 | Verizon Master Trust | 0.500 | 05/20/27 | 4,401,098 | |||||||||||||
| Series - 2021 1 (Class A) | |||||||||||||||||
| 3,000,000 | Verizon Master Trust | 0.690 | 05/20/27 | 2,992,439 | |||||||||||||
| Series - 2021 1 (Class B) | |||||||||||||||||
| 815,000 | Verizon Master Trust | 0.890 | 05/20/27 | 815,470 | |||||||||||||
| Series - 2021 1 (Class C) | |||||||||||||||||
| 500,000 | Volkswagen Auto Lease Trust | 0.390 | 01/22/24 | 500,812 | |||||||||||||
| Series - 2020 A (Class A3) | |||||||||||||||||
| 750,000 | Volkswagen Auto Lease Trust | 0.450 | 07/21/25 | 750,602 | |||||||||||||
| Series - 2020 A (Class A4) | |||||||||||||||||
| 2,000,000 | World Financial Network Credit Card Master Trust | 2.490 | 04/15/26 | 2,032,749 | |||||||||||||
| Series - 2019 B (Class A) | |||||||||||||||||
| 2,000,000 | World Omni Auto Receivables Trust | 0.300 | 01/15/26 | 1,997,738 | |||||||||||||
| Series - 2021 A (Class A3) | |||||||||||||||||
| 1,000,000 | World Omni Auto Receivables Trust | 0.690 | 06/15/27 | 994,744 | |||||||||||||
| Series - 2021 B (Class A4) | |||||||||||||||||
| 500,000 | World Omni Auto Receivables Trust | 1.040 | 06/15/27 | 499,952 | |||||||||||||
| Series - 2021 B (Class B) | |||||||||||||||||
| 500,000 | World Omni Automobile Lease Securitization Trust | 0.450 | 02/15/24 | 500,832 | |||||||||||||
| Series - 2020 B (Class A3) | |||||||||||||||||
| 500,000 | World Omni Automobile Lease Securitization Trust | 0.750 | 11/16/26 | 499,212 | |||||||||||||
| Series - 2021 A (Class B) | |||||||||||||||||
| TOTAL ASSET BACKED | 145,645,959 | ||||||||||||||||
| 149 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| OTHER MORTGAGE BACKED - 2.0% | |||||||||||||||||
| $ | 2,500,000 | BANK | 1.650 | % | 12/15/53 | $ | 2,430,619 | ||||||||||
| Series - 2020 BN30 (Class A3) | |||||||||||||||||
| 1,500,000 | BANK | 1.925 | 12/15/53 | 1,478,099 | |||||||||||||
| Series - 2020 BN30 (Class A4) | |||||||||||||||||
| 500,000 | i | BANK | 2.111 | 12/15/53 | 492,718 | ||||||||||||
| Series - 2020 BN30 (Class AS) | |||||||||||||||||
| 500,000 | i | BANK | 2.445 | 12/15/53 | 500,344 | ||||||||||||
| Series - 2020 BN30 (Class B) | |||||||||||||||||
| 2,000,000 | BANK | 1.771 | 02/15/54 | 1,950,982 | |||||||||||||
| Series - 2021 BN31 (Class A3) | |||||||||||||||||
| 1,000,000 | BANK | 2.036 | 02/15/54 | 992,941 | |||||||||||||
| Series - 2021 BN31 (Class A4) | |||||||||||||||||
| 500,000 | i | BANK | 2.211 | 02/15/54 | 494,975 | ||||||||||||
| Series - 2021 BN31 (Class AS) | |||||||||||||||||
| 500,000 | i | BANK | 2.383 | 02/15/54 | 497,585 | ||||||||||||
| Series - 2021 BN31 (Class B) | |||||||||||||||||
| 500,000 | i | BANK | 2.545 | 02/15/54 | 484,085 | ||||||||||||
| Series - 2021 BN31 (Class C) | |||||||||||||||||
| 2,000,000 | BANK | 3.538 | 11/15/54 | 2,200,185 | |||||||||||||
| Series - 2017 BNK9 (Class A4) | |||||||||||||||||
| 1,500,000 | BANK | 3.390 | 06/15/60 | 1,635,514 | |||||||||||||
| Series - 2017 BNK5 (Class A5) | |||||||||||||||||
| 5,000,000 | BANK | 3.641 | 02/15/61 | 5,441,487 | |||||||||||||
| Series - 2018 BN10 (Class ASB) | |||||||||||||||||
| 2,000,000 | i | BANK | 3.898 | 02/15/61 | 2,210,704 | ||||||||||||
| Series - 2018 BN10 (Class AS) | |||||||||||||||||
| 8,000,000 | BANK | 3.584 | 05/15/62 | 8,884,822 | |||||||||||||
| Series - 2019 BN18 (Class A4) | |||||||||||||||||
| 5,000,000 | BANK | 1.584 | 03/15/63 | 4,825,782 | |||||||||||||
| Series - 2020 BN28 (Class A3) | |||||||||||||||||
| 1,000,000 | BANK | 2.438 | 06/15/63 | 1,025,517 | |||||||||||||
| Series - 2021 BN34 (Class A5) | |||||||||||||||||
| 1,000,000 | BANK | 2.556 | 05/15/64 | 1,035,956 | |||||||||||||
| Series - 2021 BN33 (Class A5) | |||||||||||||||||
| 1,000,000 | BANK | 2.792 | 05/15/64 | 1,033,444 | |||||||||||||
| Series - 2021 BN33 (Class AS) | |||||||||||||||||
| 500,000 | BANK | 3.297 | 05/15/64 | 514,142 | |||||||||||||
| Series - 2021 BN33 (Class C) | |||||||||||||||||
| 1,000,000 | g,i | BANK | 2.500 | 06/15/64 | 900,770 | ||||||||||||
| Series - 2021 BN35 (Class D) | |||||||||||||||||
| 3,000,000 | Barclays Commercial Mortgage Trust | 3.674 | 02/15/50 | 3,308,624 | |||||||||||||
| Series - 2017 C1 (Class A4) | |||||||||||||||||
| 12,500,000 | Barclays Commercial Mortgage Trust | 2.690 | 02/15/53 | 13,024,600 | |||||||||||||
| Series - 2020 C6 (Class A2) | |||||||||||||||||
| 3,000,000 | Benchmark Mortgage Trust | 3.571 | 01/15/51 | 3,074,339 | |||||||||||||
| Series - 2018 B1 (Class A2) | |||||||||||||||||
| 1,000,000 | i | Benchmark Mortgage Trust | 3.878 | 01/15/51 | 1,102,213 | ||||||||||||
| Series - 2018 B1 (Class AM) | |||||||||||||||||
| 958,220 | Benchmark Mortgage Trust | 3.976 | 07/15/51 | 1,001,853 | |||||||||||||
| Series - 2018 B4 (Class A2) | |||||||||||||||||
| 1,000,000 | i | Benchmark Mortgage Trust | 4.707 | 07/15/51 | 1,102,124 | ||||||||||||
| Series - 2018 B4 (Class C) | |||||||||||||||||
| 5,850,000 | Benchmark Mortgage Trust | 3.542 | 05/15/52 | 6,477,719 | |||||||||||||
| Series - 2019 B11 (Class A5) | |||||||||||||||||
| 150 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | i | Benchmark Mortgage Trust | 2.944 | % | 02/15/53 | $ | 1,050,041 | |||||||||
| Series - 2020 B16 (Class AM) | |||||||||||||||||
| 1,500,000 | i | Benchmark Mortgage Trust | 3.176 | 02/15/53 | 1,566,734 | ||||||||||||
| Series - 2020 B16 (Class B) | |||||||||||||||||
| 1,500,000 | i | Benchmark Mortgage Trust | 3.655 | 02/15/53 | 1,543,862 | ||||||||||||
| Series - 2020 B16 (Class C) | |||||||||||||||||
| 2,000,000 | i | Benchmark Mortgage Trust | 4.510 | 05/15/53 | 2,333,519 | ||||||||||||
| Series - 2018 B7 (Class A4) | |||||||||||||||||
| 5,000,000 | Benchmark Mortgage Trust | 1.925 | 07/15/53 | 4,942,500 | |||||||||||||
| Series - 2020 B18 (Class A5) | |||||||||||||||||
| 2,500,000 | Benchmark Mortgage Trust | 1.704 | 12/17/53 | 2,407,499 | |||||||||||||
| Series - 2020 B21 (Class A4) | |||||||||||||||||
| 2,500,000 | Benchmark Mortgage Trust | 1.978 | 12/17/53 | 2,471,111 | |||||||||||||
| Series - 2020 B21 (Class A5) | |||||||||||||||||
| 2,500,000 | Benchmark Mortgage Trust | 1.685 | 01/15/54 | 2,415,969 | |||||||||||||
| Series - 2020 B22 (Class A4) | |||||||||||||||||
| 1,500,000 | Benchmark Mortgage Trust | 1.973 | 01/15/54 | 1,482,527 | |||||||||||||
| Series - 2020 B22 (Class A5) | |||||||||||||||||
| 1,500,000 | Benchmark Mortgage Trust | 2.163 | 01/15/54 | 1,478,939 | |||||||||||||
| Series - 2020 B22 (Class AM) | |||||||||||||||||
| 2,000,000 | Benchmark Mortgage Trust | 1.620 | 02/15/54 | 2,010,103 | |||||||||||||
| Series - 2021 B23 (Class A2) | |||||||||||||||||
| 1,500,000 | Benchmark Mortgage Trust | 1.823 | 02/15/54 | 1,468,328 | |||||||||||||
| Series - 2021 B23 (Class A4A1) | |||||||||||||||||
| 1,500,000 | Benchmark Mortgage Trust | 2.070 | 02/15/54 | 1,492,106 | |||||||||||||
| Series - 2021 B23 (Class A5) | |||||||||||||||||
| 500,000 | Benchmark Mortgage Trust | 2.095 | 02/15/54 | 483,733 | |||||||||||||
| Series - 2021 B23 (Class B) | |||||||||||||||||
| 500,000 | Benchmark Mortgage Trust | 2.274 | 02/15/54 | 497,561 | |||||||||||||
| Series - 2021 B23 (Class AS) | |||||||||||||||||
| 500,000 | i | Benchmark Mortgage Trust | 2.563 | 02/15/54 | 485,698 | ||||||||||||
| Series - 2021 B23 (Class C) | |||||||||||||||||
| 1,000,000 | Benchmark Mortgage Trust | 2.577 | 04/15/54 | 1,037,115 | |||||||||||||
| Series - 2021 B25 (Class A5) | |||||||||||||||||
| 1,000,000 | Benchmark Mortgage Trust | 2.847 | 04/15/54 | 1,039,995 | |||||||||||||
| Series - 2021 B25 (Class AS) | |||||||||||||||||
| 1,700,000 | Benchmark Mortgage Trust | 2.613 | 06/15/54 | 1,768,140 | |||||||||||||
| Series - 2021 B26 (Class A5) | |||||||||||||||||
| 702,000 | i | Benchmark Mortgage Trust | 2.688 | 06/15/54 | 709,922 | ||||||||||||
| Series - 2021 B26 (Class B) | |||||||||||||||||
| 500,000 | Benchmark Mortgage Trust | 2.825 | 06/15/54 | 519,437 | |||||||||||||
| Series - 2021 B26 (Class AM) | |||||||||||||||||
| 1,500,000 | Benchmark Mortgage Trust | 2.512 | 07/15/54 | 1,518,914 | |||||||||||||
| Series - 2021 B27 (Class AS) | |||||||||||||||||
| 5,000,000 | Benchmark Mortgage Trust | 2.914 | 12/15/72 | 5,177,086 | |||||||||||||
| Series - 2019 B15 (Class A2) | |||||||||||||||||
| 1,000,000 | i | CD Mortgage Trust | 3.526 | 11/10/49 | 1,093,123 | ||||||||||||
| Series - 2016 CD2 (Class A4) | |||||||||||||||||
| 2,000,000 | CD Mortgage Trust | 3.631 | 02/10/50 | 2,196,197 | |||||||||||||
| Series - 2017 CD3 (Class A4) | |||||||||||||||||
| 1,000,000 | CD Mortgage Trust | 3.025 | 08/15/50 | 1,013,195 | |||||||||||||
| Series - 2017 CD5 (Class A2) | |||||||||||||||||
| 2,500,000 | CD Mortgage Trust | 3.431 | 08/15/50 | 2,734,435 | |||||||||||||
| Series - 2017 CD5 (Class A4) | |||||||||||||||||
| 151 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | i | CD Mortgage Trust | 3.684 | % | 08/15/50 | $ | 1,087,001 | |||||||||
| Series - 2017 CD5 (Class AS) | |||||||||||||||||
| 1,750,000 | CD Mortgage Trust | 4.279 | 08/15/51 | 2,010,855 | |||||||||||||
| Series - 2018 CD7 (Class A4) | |||||||||||||||||
| 1,053,000 | Citigroup Commercial Mortgage Trust | 3.422 | 04/10/46 | 1,087,083 | |||||||||||||
| Series - 2013 GC11 (Class AS) | |||||||||||||||||
| 755,000 | Citigroup Commercial Mortgage Trust | 4.023 | 03/10/47 | 806,952 | |||||||||||||
| Series - 2014 GC19 (Class A4) | |||||||||||||||||
| 440,887 | Citigroup Commercial Mortgage Trust | 3.622 | 07/10/47 | 471,716 | |||||||||||||
| Series - 2014 GC23 (Class A4) | |||||||||||||||||
| 500,000 | Citigroup Commercial Mortgage Trust | 3.635 | 10/10/47 | 537,501 | |||||||||||||
| Series - 2014 GC25 (Class A4) | |||||||||||||||||
| 1,000,000 | Citigroup Commercial Mortgage Trust | 3.137 | 02/10/48 | 1,061,438 | |||||||||||||
| Series - 2015 GC27 (Class A5) | |||||||||||||||||
| 1,000,000 | Citigroup Commercial Mortgage Trust | 3.571 | 02/10/48 | 1,056,666 | |||||||||||||
| Series - 2015 GC27 (Class AS) | |||||||||||||||||
| 1,000,000 | Citigroup Commercial Mortgage Trust | 3.616 | 02/10/49 | 1,089,404 | |||||||||||||
| Series - 2016 GC36 (Class A5) | |||||||||||||||||
| 2,000,000 | Citigroup Commercial Mortgage Trust | 3.314 | 04/10/49 | 2,156,672 | |||||||||||||
| Series - 2016 GC37 (Class A4) | |||||||||||||||||
| 500,000 | Citigroup Commercial Mortgage Trust | 3.576 | 04/10/49 | 525,961 | |||||||||||||
| Series - 2016 GC37 (Class AS) | |||||||||||||||||
| 1,500,000 | Citigroup Commercial Mortgage Trust | 2.832 | 08/10/49 | 1,589,460 | |||||||||||||
| Series - 2016 C2 (Class A4) | |||||||||||||||||
| 1,000,000 | Citigroup Commercial Mortgage Trust | 3.465 | 09/15/50 | 1,094,410 | |||||||||||||
| Series - 2017 P8 (Class A4) | |||||||||||||||||
| 1,480,000 | Citigroup Commercial Mortgage Trust | 3.778 | 09/10/58 | 1,616,011 | |||||||||||||
| Series - 2015 GC33 (Class A4) | |||||||||||||||||
| 580,000 | COMM Mortgage Trust | 4.063 | 12/10/44 | 583,742 | |||||||||||||
| Series - 2012 LC4 (Class AM) | |||||||||||||||||
| 302,823 | COMM Mortgage Trust | 2.941 | 01/10/46 | 308,914 | |||||||||||||
| Series - 2013 LC6 (Class A4) | |||||||||||||||||
| 320,069 | COMM Mortgage Trust | 3.213 | 03/10/46 | 330,305 | |||||||||||||
| Series - 2013 CR7 (Class A4) | |||||||||||||||||
| 1,000,000 | COMM Mortgage Trust | 4.046 | 10/10/46 | 1,062,009 | |||||||||||||
| Series - 2013 CR12 (Class A4) | |||||||||||||||||
| 24,269 | COMM Mortgage Trust | 2.928 | 02/10/47 | 24,016 | |||||||||||||
| Series - 2014 CR15 (Class A2) | |||||||||||||||||
| 2,750,000 | COMM Mortgage Trust | 3.955 | 02/10/47 | 2,914,637 | |||||||||||||
| Series - 2014 CR14 (Class A3) | |||||||||||||||||
| 500,000 | COMM Mortgage Trust | 3.961 | 03/10/47 | 533,641 | |||||||||||||
| Series - 2014 UBS2 (Class A5) | |||||||||||||||||
| 1,000,000 | COMM Mortgage Trust | 4.051 | 04/10/47 | 1,074,967 | |||||||||||||
| Series - 2014 CR16 (Class A4) | |||||||||||||||||
| 1,000,000 | COMM Mortgage Trust | 3.819 | 06/10/47 | 1,071,641 | |||||||||||||
| Series - 2014 UBS3 (Class A4) | |||||||||||||||||
| 1,000,000 | COMM Mortgage Trust | 3.694 | 08/10/47 | 1,066,905 | |||||||||||||
| Series - 2014 UBS4 (Class A5) | |||||||||||||||||
| 852,128 | COMM Mortgage Trust | 3.326 | 11/10/47 | 896,610 | |||||||||||||
| Series - 2014 CR20 (Class A3) | |||||||||||||||||
| 1,000,000 | COMM Mortgage Trust | 3.590 | 11/10/47 | 1,067,991 | |||||||||||||
| Series - 2014 CR20 (Class A4) | |||||||||||||||||
| 1,000,000 | i | COMM Mortgage Trust | 4.339 | 12/10/47 | 1,074,560 | ||||||||||||
| Series - 2014 CR21 (Class B) | |||||||||||||||||
| 152 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 3,150,000 | COMM Mortgage Trust | 3.183 | % | 02/10/48 | $ | 3,357,565 | ||||||||||
| Series - 2015 LC19 (Class A4) | |||||||||||||||||
| 1,000,000 | i | COMM Mortgage Trust | 4.375 | 02/10/48 | 1,064,404 | ||||||||||||
| Series - 2015 LC19 (Class C) | |||||||||||||||||
| 1,700,000 | COMM Mortgage Trust | 3.708 | 07/10/48 | 1,846,688 | |||||||||||||
| Series - 2015 LC21 (Class A4) | |||||||||||||||||
| 948,551 | COMM Mortgage Trust | 3.432 | 08/10/48 | 1,004,643 | |||||||||||||
| Series - 2015 CR24 (Class A4) | |||||||||||||||||
| 1,000,000 | COMM Mortgage Trust | 3.759 | 08/10/48 | 1,090,808 | |||||||||||||
| Series - 2015 CR25 (Class A4) | |||||||||||||||||
| 891,869 | COMM Mortgage Trust | 3.221 | 10/10/48 | 899,723 | |||||||||||||
| Series - 2015 LC23 (Class A2) | |||||||||||||||||
| 1,500,000 | COMM Mortgage Trust | 3.774 | 10/10/48 | 1,640,588 | |||||||||||||
| Series - 2015 LC23 (Class A4) | |||||||||||||||||
| 500,000 | COMM Mortgage Trust | 4.258 | 08/10/50 | 531,330 | |||||||||||||
| Series - 2013 CR11 (Class A4) | |||||||||||||||||
| 5,000,000 | COMM Mortgage Trust | 2.827 | 08/15/57 | 5,219,691 | |||||||||||||
| Series - 2019 GC44 (Class A2) | |||||||||||||||||
| 3,000,000 | COMM Mortgage Trust | 3.263 | 08/15/57 | 3,220,489 | |||||||||||||
| Series - 2019 GC44 (Class AM) | |||||||||||||||||
| 650,000 | i | CSAIL Commercial Mortgage Trust | 5.086 | 01/15/49 | 688,951 | ||||||||||||
| Series - 2016 C6 (Class C) | |||||||||||||||||
| 2,000,000 | i | CSAIL Commercial Mortgage Trust | 4.224 | 08/15/51 | 2,270,252 | ||||||||||||
| Series - 2018 CX12 (Class A4) | |||||||||||||||||
| 10,000,000 | CSAIL Commercial Mortgage Trust | 4.053 | 03/15/52 | 11,301,503 | |||||||||||||
| Series - 2019 C15 (Class A4) | |||||||||||||||||
| 2,000,000 | DBGS Mortgage Trust | 4.358 | 10/15/51 | 2,105,937 | |||||||||||||
| Series - 2018 C1 (Class A2) | |||||||||||||||||
| 5,790,000 | DBGS Mortgage Trust | 4.466 | 10/15/51 | 6,718,014 | |||||||||||||
| Series - 2018 C1 (Class A4) | |||||||||||||||||
| 3,500,000 | DBJPM | 3.276 | 05/10/49 | 3,756,915 | |||||||||||||
| Series - 2016 C1 (Class A4) | |||||||||||||||||
| 1,000,000 | DBJPM | 3.539 | 05/10/49 | 1,066,043 | |||||||||||||
| Series - 2016 C1 (Class AM) | |||||||||||||||||
| 1,590,000 | DBJPM | 3.328 | 06/10/50 | 1,732,435 | |||||||||||||
| Series - 2017 C6 (Class A5) | |||||||||||||||||
| 5,000,000 | DBJPM | 1.900 | 08/15/53 | 5,096,161 | |||||||||||||
| Series - 2020 C9 (Class A2) | |||||||||||||||||
| 1,500,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.199 | 12/25/27 | 1,483,958 | |||||||||||||
| Series - 2021 K741 (Class AM) | |||||||||||||||||
| 8,440,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.603 | 12/25/27 | 8,579,769 | |||||||||||||
| Series - 2021 K741 (Class A2) | |||||||||||||||||
| 3,000,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.712 | 07/25/28 | 3,063,326 | |||||||||||||
| Series - 2021 K744 (Class A2) | |||||||||||||||||
| 994,203 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.229 | 03/25/30 | 991,634 | |||||||||||||
| Series - 2021 K128 (Class A1) | |||||||||||||||||
| 989,849 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.101 | 08/25/30 | 977,504 | |||||||||||||
| Series - 2021 K125 (Class A1) | |||||||||||||||||
| 153 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,993,166 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.353 | % | 11/25/30 | $ | 2,001,469 | ||||||||||
| Series - 2021 K127 (Class A1) | |||||||||||||||||
| 1,000,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.792 | 01/25/31 | 1,008,460 | |||||||||||||
| Series - 2021 K126 (Class AM) | |||||||||||||||||
| 9,000,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.846 | 01/25/31 | 9,159,951 | |||||||||||||
| Series - 2021 K125 (Class A2) | |||||||||||||||||
| 3,000,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 2.108 | 01/25/31 | 3,117,609 | |||||||||||||
| Series - 2021 K127 (Class A2) | |||||||||||||||||
| 1,332,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.851 | 02/25/31 | 1,347,249 | |||||||||||||
| Series - 2021 K127 (Class AM) | |||||||||||||||||
| 1,000,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.749 | 03/25/31 | 1,002,517 | |||||||||||||
| Series - 2021 K128 (Class AM) | |||||||||||||||||
| 2,000,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 2.020 | 03/25/31 | 2,063,295 | |||||||||||||
| Series - 2021 K128 (Class A2) | |||||||||||||||||
| 1,000,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.647 | 05/25/31 | 991,743 | |||||||||||||
| Series - 2021 K129 (Class AM) | |||||||||||||||||
| 1,896,483 | Freddie Mac Multifamily Structured Pass Through Certificates | 2.007 | 07/25/35 | 1,948,659 | |||||||||||||
| Series - 2021 1520 (Class A1) | |||||||||||||||||
| 2,000,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 2.438 | 02/25/36 | 2,069,886 | |||||||||||||
| Series - 2021 1520 (Class A2) | |||||||||||||||||
| 2,000,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 2.184 | 08/25/36 | 2,009,790 | |||||||||||||
| Series - 2021 1521 (Class A2) | |||||||||||||||||
| 300,000 | GS Mortgage Securities Corp II | 2.943 | 02/10/46 | 307,808 | |||||||||||||
| Series - 2013 GC10 (Class A5) | |||||||||||||||||
| 300,000 | GS Mortgage Securities Corp II | 3.279 | 02/10/46 | 307,806 | |||||||||||||
| Series - 2013 GC10 (Class AS) | |||||||||||||||||
| 800,000 | GS Mortgage Securities Corp II | 3.382 | 05/10/50 | 859,548 | |||||||||||||
| Series - 2015 GC30 (Class A4) | |||||||||||||||||
| 195,000 | GS Mortgage Securities Trust | 4.740 | 05/10/45 | 198,572 | |||||||||||||
| Series - 2012 GCJ7 (Class B) | |||||||||||||||||
| 500,000 | GS Mortgage Securities Trust | 3.135 | 06/10/46 | 517,877 | |||||||||||||
| Series - 2013 GC12 (Class A4) | |||||||||||||||||
| 248,975 | GS Mortgage Securities Trust | 3.813 | 11/10/46 | 257,411 | |||||||||||||
| Series - 2013 GC16 (Class AAB) | |||||||||||||||||
| 1,000,000 | GS Mortgage Securities Trust | 4.074 | 01/10/47 | 1,063,352 | |||||||||||||
| Series - 2014 GC18 (Class A4) | |||||||||||||||||
| 1,500,000 | GS Mortgage Securities Trust | 3.964 | 11/10/47 | 1,607,961 | |||||||||||||
| Series - 2014 GC26 (Class AS) | |||||||||||||||||
| 1,841,317 | GS Mortgage Securities Trust | 3.136 | 02/10/48 | 1,934,305 | |||||||||||||
| Series - 2015 GC28 (Class A4) | |||||||||||||||||
| 1,500,000 | GS Mortgage Securities Trust | 3.178 | 11/10/49 | 1,587,725 | |||||||||||||
| Series - 2016 GS4 (Class A3) | |||||||||||||||||
| 154 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,350,000 | i | GS Mortgage Securities Trust | 4.088 | % | 11/10/49 | $ | 1,343,656 | |||||||||
| Series - 2016 GS4 (Class C) | |||||||||||||||||
| 1,000,000 | GS Mortgage Securities Trust | 2.945 | 08/10/50 | 1,015,124 | |||||||||||||
| Series - 2017 GS7 (Class A2) | |||||||||||||||||
| 1,500,000 | GS Mortgage Securities Trust | 3.430 | 08/10/50 | 1,637,588 | |||||||||||||
| Series - 2017 GS7 (Class A4) | |||||||||||||||||
| 1,000,000 | GS Mortgage Securities Trust | 3.872 | 02/10/52 | 1,056,171 | |||||||||||||
| Series - 2019 GC38 (Class A2) | |||||||||||||||||
| 2,500,000 | GS Mortgage Securities Trust | 3.968 | 02/10/52 | 2,836,962 | |||||||||||||
| Series - 2019 GC38 (Class A4) | |||||||||||||||||
| 500,000 | i | GS Mortgage Securities Trust | 4.309 | 02/10/52 | 554,460 | ||||||||||||
| Series - 2019 GC38 (Class B) | |||||||||||||||||
| 2,500,000 | GS Mortgage Securities Trust | 2.898 | 02/13/53 | 2,623,556 | |||||||||||||
| Series - 2020 GC45 (Class A2) | |||||||||||||||||
| 4,000,000 | i | GS Mortgage Securities Trust | 3.173 | 02/13/53 | 4,238,306 | ||||||||||||
| Series - 2020 GC45 (Class AS) | |||||||||||||||||
| 2,000,000 | i | GS Mortgage Securities Trust | 3.405 | 02/13/53 | 2,126,102 | ||||||||||||
| Series - 2020 GC45 (Class B) | |||||||||||||||||
| 2,000,000 | GS Mortgage Securities Trust | 2.125 | 05/12/53 | 2,003,556 | |||||||||||||
| Series - 2020 GC47 (Class A4) | |||||||||||||||||
| 4,000,000 | GS Mortgage Securities Trust | 2.377 | 05/12/53 | 4,092,967 | |||||||||||||
| Series - 2020 GC47 (Class A5) | |||||||||||||||||
| 1,000,000 | GS Mortgage Securities Trust | 1.662 | 12/12/53 | 1,000,913 | |||||||||||||
| Series - 2020 GSA2 (Class AAB) | |||||||||||||||||
| 3,000,000 | GS Mortgage Securities Trust | 1.721 | 12/12/53 | 2,907,847 | |||||||||||||
| Series - 2020 GSA2 (Class A4) | |||||||||||||||||
| 2,000,000 | GS Mortgage Securities Trust | 2.012 | 12/12/53 | 1,973,978 | |||||||||||||
| Series - 2020 GSA2 (Class A5) | |||||||||||||||||
| 1,000,000 | GS Mortgage Securities Trust | 2.224 | 12/12/53 | 991,067 | |||||||||||||
| Series - 2020 GSA2 (Class AS) | |||||||||||||||||
| 300,000 | i | JP Morgan Chase Commercial Mortgage Securities Corp | 5.310 | 05/15/45 | 289,303 | ||||||||||||
| Series - 2012 C6 (Class D) | |||||||||||||||||
| 68,788 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.483 | 06/15/45 | 69,497 | |||||||||||||
| Series - 2012 CBX (Class A4) | |||||||||||||||||
| 410,544 | i | JP Morgan Chase Commercial Mortgage Securities Corp | 3.994 | 01/15/46 | 430,579 | ||||||||||||
| Series - 2013 C13 (Class A4) | |||||||||||||||||
| 1,500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.960 | 04/15/46 | 1,542,540 | |||||||||||||
| Series - 2013 LC11 (Class A5) | |||||||||||||||||
| 500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 4.166 | 12/15/46 | 531,022 | |||||||||||||
| Series - 2013 C16 (Class A4) | |||||||||||||||||
| 121,786 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.702 | 12/15/47 | 123,267 | |||||||||||||
| Series - 2013 C10 (Class ASB) | |||||||||||||||||
| 186,996 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.840 | 12/15/47 | 190,003 | |||||||||||||
| Series - 2012 LC9 (Class A5) | |||||||||||||||||
| 491,190 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.143 | 12/15/47 | 504,632 | |||||||||||||
| Series - 2013 C10 (Class A5) | |||||||||||||||||
| 155 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 574,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.372 | % | 12/15/47 | $ | 591,821 | ||||||||||
| Series - 2013 C10 (Class AS) | |||||||||||||||||
| 1,000,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.822 | 08/15/49 | 1,057,934 | |||||||||||||
| Series - 2016 JP2 (Class A4) | |||||||||||||||||
| 1,400,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.109 | 07/15/50 | 1,449,648 | |||||||||||||
| Series - 2017 JP6 (Class A3) | |||||||||||||||||
| 1,000,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.038 | 09/15/50 | 1,015,408 | |||||||||||||
| Series - 2017 JP7 (Class A2) | |||||||||||||||||
| 2,500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.454 | 09/15/50 | 2,730,762 | |||||||||||||
| Series - 2017 JP7 (Class A5) | |||||||||||||||||
| 2,150,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.219 | 06/13/52 | 2,327,255 | |||||||||||||
| Series - 2019 COR5 (Class ASB) | |||||||||||||||||
| 2,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.801 | 09/15/47 | 2,149,482 | |||||||||||||
| Series - 2014 C22 (Class A4) | |||||||||||||||||
| 1,875,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.118 | 05/15/48 | 1,972,367 | ||||||||||||
| Series - 2015 C29 (Class B) | |||||||||||||||||
| 2,700,000 | JPMBB Commercial Mortgage Securities Trust | 3.227 | 10/15/48 | 2,865,739 | |||||||||||||
| Series - 2015 C28 (Class A4) | |||||||||||||||||
| 1,100,000 | JPMBB Commercial Mortgage Securities Trust | 3.532 | 10/15/48 | 1,164,281 | |||||||||||||
| Series - 2015 C28 (Class AS) | |||||||||||||||||
| 2,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.770 | 12/15/48 | 2,193,757 | |||||||||||||
| Series - 2015 C33 (Class A4) | |||||||||||||||||
| 1,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.576 | 03/15/49 | 1,087,995 | |||||||||||||
| Series - 2016 C1 (Class A5) | |||||||||||||||||
| 500,000 | JPMBB Commercial Mortgage Securities Trust | 3.970 | 03/15/49 | 544,102 | |||||||||||||
| Series - 2016 C1 (Class AS) | |||||||||||||||||
| 500,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.891 | 03/15/49 | 552,087 | ||||||||||||
| Series - 2016 C1 (Class B) | |||||||||||||||||
| 1,000,000 | i | JPMDB Commercial Mortgage Securities Trust | 3.990 | 06/15/49 | 1,034,912 | ||||||||||||
| Series - 2016 C2 (Class B) | |||||||||||||||||
| 5,922,824 | JPMDB Commercial Mortgage Securities Trust | 3.141 | 12/15/49 | 6,390,344 | |||||||||||||
| Series - 2016 C4 (Class A3) | |||||||||||||||||
| 5,000,000 | JPMDB Commercial Mortgage Securities Trust | 2.946 | 11/13/52 | 5,244,239 | |||||||||||||
| Series - 2019 COR6 (Class A2) | |||||||||||||||||
| 60,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 2.918 | 02/15/46 | 61,341 | |||||||||||||
| Series - 2013 C7 (Class A4) | |||||||||||||||||
| 485,066 | Morgan Stanley Bank of America Merrill Lynch Trust | 2.834 | 05/15/46 | 495,042 | |||||||||||||
| Series - 2013 C9 (Class A3) | |||||||||||||||||
| 1,250,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.102 | 05/15/46 | 1,290,710 | |||||||||||||
| Series - 2013 C9 (Class A4) | |||||||||||||||||
| 500,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.456 | 05/15/46 | 516,453 | |||||||||||||
| Series - 2013 C9 (Class AS) | |||||||||||||||||
| 156 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 240,000 | i | Morgan Stanley Bank of America Merrill Lynch Trust | 3.708 | % | 05/15/46 | $ | 247,242 | |||||||||
| Series - 2013 C9 (Class B) | |||||||||||||||||
| 73,713 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.824 | 10/15/46 | 75,680 | |||||||||||||
| Series - 2013 C12 (Class ASB) | |||||||||||||||||
| 568,491 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.654 | 04/15/47 | 588,003 | |||||||||||||
| Series - 2014 C15 (Class ASB) | |||||||||||||||||
| 2,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.892 | 06/15/47 | 2,138,855 | |||||||||||||
| Series - 2014 C16 (Class A5) | |||||||||||||||||
| 3,500,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.249 | 02/15/48 | 3,730,722 | |||||||||||||
| Series - 2015 C20 (Class A4) | |||||||||||||||||
| 1,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.306 | 04/15/48 | 1,066,859 | |||||||||||||
| Series - 2015 C22 (Class A4) | |||||||||||||||||
| 1,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.732 | 05/15/48 | 1,089,397 | |||||||||||||
| Series - 2015 C24 (Class A4) | |||||||||||||||||
| 3,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.134 | 12/15/48 | 3,070,763 | |||||||||||||
| Series - 2013 C8 (Class A4) | |||||||||||||||||
| 2,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.599 | 05/15/50 | 2,190,031 | |||||||||||||
| Series - 2017 C33 (Class A5) | |||||||||||||||||
| 282,105 | Morgan Stanley Capital I Trust | 3.244 | 03/15/45 | 283,663 | |||||||||||||
| Series - 2012 C4 (Class A4) | |||||||||||||||||
| 535,000 | Morgan Stanley Capital I Trust | 3.594 | 03/15/49 | 578,924 | |||||||||||||
| Series - 2016 UBS9 (Class A4) | |||||||||||||||||
| 606,916 | Morgan Stanley Capital I Trust | 3.997 | 07/15/51 | 632,532 | |||||||||||||
| Series - 2018 H3 (Class A2) | |||||||||||||||||
| 1,000,000 | i | Morgan Stanley Capital I Trust | 5.010 | 07/15/51 | 1,123,645 | ||||||||||||
| Series - 2018 H3 (Class C) | |||||||||||||||||
| 1,500,000 | i | Morgan Stanley Capital I Trust | 4.238 | 10/15/51 | 1,683,238 | ||||||||||||
| Series - 2018 L1 (Class ASB) | |||||||||||||||||
| 2,000,000 | Morgan Stanley Capital I Trust | 4.288 | 10/15/51 | 2,124,245 | |||||||||||||
| Series - 2018 L1 (Class A2) | |||||||||||||||||
| 1,500,000 | i | Morgan Stanley Capital I Trust | 4.407 | 10/15/51 | 1,726,498 | ||||||||||||
| Series - 2018 L1 (Class A4) | |||||||||||||||||
| 1,000,000 | Morgan Stanley Capital I Trust | 4.071 | 03/15/52 | 1,134,497 | |||||||||||||
| Series - 2019 L2 (Class A4) | |||||||||||||||||
| 5,000,000 | Morgan Stanley Capital I Trust | 3.224 | 06/15/52 | 5,408,676 | |||||||||||||
| Series - 2019 H6 (Class ASB) | |||||||||||||||||
| 750,000 | Morgan Stanley Capital I Trust | 3.417 | 06/15/52 | 820,256 | |||||||||||||
| Series - 2019 H6 (Class A4) | |||||||||||||||||
| 5,000,000 | Morgan Stanley Capital I Trust | 1.790 | 07/15/53 | 4,893,016 | |||||||||||||
| Series - 2020 HR8 (Class A3) | |||||||||||||||||
| 2,000,000 | Morgan Stanley Capital I Trust | 2.438 | 05/15/54 | 2,041,876 | |||||||||||||
| Series - 2021 L5 (Class A3) | |||||||||||||||||
| 1,000,000 | Morgan Stanley Capital I Trust | 2.951 | 05/15/54 | 1,045,365 | |||||||||||||
| Series - 2021 L5 (Class AS) | |||||||||||||||||
| 1,500,000 | UBS Barclays Commercial Mortgage Trust | 3.185 | 03/10/46 | 1,536,823 | |||||||||||||
| Series - 2013 C5 (Class A4) | |||||||||||||||||
| 157 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 500,000 | UBS Barclays Commercial Mortgage Trust | 3.244 | % | 04/10/46 | $ | 515,361 | ||||||||||
| Series - 2013 C6 (Class A4) | |||||||||||||||||
| 1,000,000 | UBS Barclays Commercial Mortgage Trust | 3.525 | 05/10/63 | 1,014,425 | |||||||||||||
| Series - 2012 C2 (Class A4) | |||||||||||||||||
| 100,000 | UBS Commercial Mortgage Trust | 4.822 | 05/10/45 | 101,537 | |||||||||||||
| Series - 2012 C1 (Class B) | |||||||||||||||||
| 1,000,000 | UBS Commercial Mortgage Trust | 2.998 | 08/15/50 | 1,015,808 | |||||||||||||
| Series - 2017 C3 (Class A2) | |||||||||||||||||
| 1,500,000 | UBS Commercial Mortgage Trust | 3.426 | 08/15/50 | 1,624,212 | |||||||||||||
| Series - 2017 C3 (Class A4) | |||||||||||||||||
| 1,000,000 | i | UBS Commercial Mortgage Trust | 3.739 | 08/15/50 | 1,085,386 | ||||||||||||
| Series - 2017 C3 (Class AS) | |||||||||||||||||
| 998,703 | UBS Commercial Mortgage Trust | 3.147 | 10/15/50 | 1,016,416 | |||||||||||||
| Series - 2017 C4 (Class A2) | |||||||||||||||||
| 5,000,000 | UBS Commercial Mortgage Trust | 3.713 | 02/15/51 | 5,155,676 | |||||||||||||
| Series - 2018 C8 (Class A2) | |||||||||||||||||
| 11,000,000 | UBS Commercial Mortgage Trust | 4.313 | 05/15/51 | 12,527,735 | |||||||||||||
| Series - 2018 C10 (Class A4) | |||||||||||||||||
| 2,000,000 | UBS Commercial Mortgage Trust | 4.296 | 08/15/51 | 2,273,102 | |||||||||||||
| Series - 2018 C12 (Class A5) | |||||||||||||||||
| 2,400,000 | i | UBS Commercial Mortgage Trust | 5.444 | 12/15/51 | 2,525,192 | ||||||||||||
| Series - 2018 C14 (Class C) | |||||||||||||||||
| 875,000 | i | Wells Fargo Commercial Mortgage Trust | 3.872 | 05/15/48 | 941,185 | ||||||||||||
| Series - 2015 C28 (Class AS) | |||||||||||||||||
| 2,000,000 | Wells Fargo Commercial Mortgage Trust | 3.695 | 11/15/48 | 2,179,651 | |||||||||||||
| Series - 2015 C31 (Class A4) | |||||||||||||||||
| 480,000 | i | Wells Fargo Commercial Mortgage Trust | 4.224 | 12/15/48 | 517,436 | ||||||||||||
| Series - 2015 NXS4 (Class B) | |||||||||||||||||
| 2,000,000 | Wells Fargo Commercial Mortgage Trust | 2.652 | 08/15/49 | 2,101,690 | |||||||||||||
| Series - 2016 BNK1 (Class A3) | |||||||||||||||||
| 500,000 | Wells Fargo Commercial Mortgage Trust | 2.967 | 08/15/49 | 505,235 | |||||||||||||
| Series - 2016 BNK1 (Class B) | |||||||||||||||||
| 1,000,000 | Wells Fargo Commercial Mortgage Trust | 3.377 | 11/15/49 | 1,061,501 | |||||||||||||
| Series - 2016 NXS6 (Class AS) | |||||||||||||||||
| 2,000,000 | Wells Fargo Commercial Mortgage Trust | 4.152 | 08/15/51 | 2,271,294 | |||||||||||||
| Series - 2018 C46 (Class A4) | |||||||||||||||||
| 2,700,000 | Wells Fargo Commercial Mortgage Trust | 3.760 | 03/15/52 | 3,002,060 | |||||||||||||
| Series - 2019 C49 (Class A4) | |||||||||||||||||
| 2,000,000 | Wells Fargo Commercial Mortgage Trust | 3.635 | 05/15/52 | 2,202,317 | |||||||||||||
| Series - 2019 C50 (Class ASB) | |||||||||||||||||
| 3,250,000 | Wells Fargo Commercial Mortgage Trust | 4.192 | 05/15/52 | 3,609,461 | |||||||||||||
| Series - 2019 C50 (Class B) | |||||||||||||||||
| 10,000,000 | Wells Fargo Commercial Mortgage Trust | 3.040 | 10/15/52 | 10,711,662 | |||||||||||||
| Series - 2019 C53 (Class A4) | |||||||||||||||||
| 2,500,000 | Wells Fargo Commercial Mortgage Trust | 1.810 | 07/15/53 | 2,449,775 | |||||||||||||
| Series - 2020 C58 (Class A3) | |||||||||||||||||
| 1,500,000 | Wells Fargo Commercial Mortgage Trust | 2.092 | 07/15/53 | 1,496,526 | |||||||||||||
| Series - 2020 C58 (Class A4) | |||||||||||||||||
| 500,000 | Wells Fargo Commercial Mortgage Trust | 2.398 | 07/15/53 | 502,688 | |||||||||||||
| Series - 2020 C58 (Class AS) | |||||||||||||||||
| 10,000,000 | Wells Fargo Commercial Mortgage Trust | 1.864 | 08/15/53 | 9,845,709 | |||||||||||||
| Series - 2020 C57 (Class A3) | |||||||||||||||||
| 158 |
TIAA-CREF FUNDS – Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,893,000 | Wells Fargo Commercial Mortgage Trust | 2.626 | % | 04/15/54 | $ | 1,966,051 | ||||||||||
| Series - 2021 C59 (Class A5) | |||||||||||||||||
| 117,000 | Wells Fargo Commercial Mortgage Trust | 3.896 | 03/15/59 | 122,309 | |||||||||||||
| Series - 2016 C33 (Class C) | |||||||||||||||||
| 400,000 | WF-RBS Commercial Mortgage Trust | 3.001 | 08/15/45 | 404,602 | |||||||||||||
| Series - 2012 C8 (Class A3) | |||||||||||||||||
| 775,000 | WF-RBS Commercial Mortgage Trust | 3.241 | 12/15/45 | 790,760 | |||||||||||||
| Series - 2012 C10 (Class AS) | |||||||||||||||||
| 600,000 | WF-RBS Commercial Mortgage Trust | 3.337 | 06/15/46 | 624,463 | |||||||||||||
| Series - 2013 C14 (Class A5) | |||||||||||||||||
| 500,000 | i | WF-RBS Commercial Mortgage Trust | 4.646 | 03/15/47 | 517,461 | ||||||||||||
| Series - 2014 C19 (Class C) | |||||||||||||||||
| 1,000,000 | i | WF-RBS Commercial Mortgage Trust | 4.723 | 03/15/47 | 1,056,474 | ||||||||||||
| Series - 2014 C19 (Class B) | |||||||||||||||||
| 483,285 | WF-RBS Commercial Mortgage Trust | 3.198 | 03/15/48 | 496,842 | |||||||||||||
| Series - 2013 C12 (Class A4) | |||||||||||||||||
| TOTAL OTHER MORTGAGE BACKED | 436,613,907 | ||||||||||||||||
| TOTAL STRUCTURED ASSETS | 582,259,866 | ||||||||||||||||
| (Cost $567,923,866) | |||||||||||||||||
| TOTAL BONDS | 21,152,343,631 | ||||||||||||||||
| (Cost $20,489,488,998) | |||||||||||||||||
| SHORT-TERM INVESTMENTS - 2.0% | |||||||||||||||||
| GOVERNMENT AGENCY DEBT - 1.3% | |||||||||||||||||
| 10,000,000 | Federal Agricultural Mortgage Corp (FAMC) | 0.000 | 11/30/21 | 9,999,333 | |||||||||||||
| 25,000,000 | FAMC | 0.000 | 12/16/21 | 24,997,889 | |||||||||||||
| 8,900,000 | Federal Home Loan Bank (FHLB) | 0.000 | 10/08/21 | 8,899,965 | |||||||||||||
| 14,000,000 | FHLB | 0.000 | 10/15/21 | 13,999,891 | |||||||||||||
| 50,000,000 | FHLB | 0.000 | 10/22/21 | 49,999,417 | |||||||||||||
| 10,000,000 | FHLB | 0.000 | 10/25/21 | 9,999,867 | |||||||||||||
| 27,278,000 | FHLB | 0.000 | 11/12/21 | 27,276,727 | |||||||||||||
| 4,935,000 | FHLB | 0.000 | 12/17/21 | 4,934,578 | |||||||||||||
| 50,000,000 | FHLB | 0.000 | 01/19/22 | 49,993,891 | |||||||||||||
| 80,175,000 | Tennessee Valley Authority (TVA) | 0.000 | 10/06/21 | 80,174,777 | |||||||||||||
| TOTAL GOVERNMENT AGENCY DEBT | 280,276,335 | ||||||||||||||||
| REPURCHASE AGREEMENT - 0.3% | |||||||||||||||||
| 66,160,000 | r | Fixed Income Clearing Corp (FICC) | 0.010 | 10/01/21 | 66,160,000 | ||||||||||||
| TOTAL REPURCHASE AGREEMENT | 66,160,000 | ||||||||||||||||
| SHARES | COMPANY | ||||||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.4% | |||||||||||||||||
| 71,866,360 | c | State Street Navigator Securities Lending | 0.030 | 71,866,360 | |||||||||||||
| Government Money Market Portfolio | |||||||||||||||||
| TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 71,866,360 | ||||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | 418,302,695 | ||||||||||||||||
| (Cost $418,303,518) | |||||||||||||||||
| TOTAL INVESTMENTS - 101.5% | 21,570,646,326 | ||||||||||||||||
| (Cost $20,907,792,516) | |||||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - (1.5)% | (319,275,354 | ) | |||||||||||||||
| NET ASSETS - 100.0% | $ | 21,251,370,972 | |||||||||||||||
| 159 |
TIAA-CREF FUNDS – Bond Index Fund
| Abbreviation(s): | ||||||||||||||||||
| DGS1 | 1-Year Treasury Constant Maturity Rate | |||||||||||||||||
| LIBOR | London Interbank Offered Rate | |||||||||||||||||
| M | Month | |||||||||||||||||
| REIT | Real Estate Investment Trust | |||||||||||||||||
| ‡ | Perpetual security | |||||||||||||||||
| 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 $71,973,574. | |||||||||||||||||
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities is $116,899,865 or 0.6% of net assets. | |||||||||||||||||
| h | All or a portion of these securities were purchased on a delayed delivery basis. | |||||||||||||||||
| i | Floating or variable rate security 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. | |||||||||||||||||
| r | Agreement with Fixed Income Clearing Corp (FICC), 0.010% dated 9/30/21 to be repurchased at $66,160,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $67,483,259. | |||||||||||||||||
| 160 |
TIAA-CREF FUNDS – Core Bond Fund
TIAA-CREF FUNDS
CORE BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
September 30, 2021
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| BANK LOAN OBLIGATIONS - 1.9% | |||||||||||||||||
| AUTOMOBILES & COMPONENTS - 0.0% | |||||||||||||||||
| $ | 847,326 | i | Clarios Global LP | LIBOR 1 M + 3.250% | 3.334 | % | 04/30/26 | $ | 843,090 | ||||||||
| 804,599 | i | Gates Global LLC | LIBOR 1 M + 2.500% | 3.250 | 03/31/27 | 802,893 | |||||||||||
| 99,500 | i | Truck Hero, Inc | LIBOR 1 M + 3.250% | 4.000 | 01/31/28 | 99,230 | |||||||||||
| TOTAL AUTOMOBILES & COMPONENTS | 1,745,213 | ||||||||||||||||
| CAPITAL GOODS - 0.1% | |||||||||||||||||
| 701,491 | i | Avolon TLB Borrower US LLC | LIBOR 1 M + 1.750% | 2.500 | 01/15/25 | 698,425 | |||||||||||
| 911,125 | i | Avolon TLB Borrower US LLC | LIBOR 1 M + 1.500% | 2.250 | 02/12/27 | 901,503 | |||||||||||
| 2,484,674 | i | Blount International, Inc | LIBOR 1 M + 3.750% | 4.750 | 04/12/23 | 2,486,886 | |||||||||||
| 844,866 | i | Cornerstone Building Brands, Inc | LIBOR 1 M + 3.250% | 3.750 | 04/12/28 | 842,053 | |||||||||||
| 382,416 | i | Prometric Holdings Inc | LIBOR 1 M + 3.000% | 4.000 | 01/29/25 | 379,548 | |||||||||||
| 954,545 | i | SRAM LLC | LIBOR 3 M + 2.750% | 3.250 | 05/18/28 | 952,951 | |||||||||||
| 1,451,533 | i | TransDigm, Inc | LIBOR 1 M + 2.250% | 2.334 | 08/22/24 | 1,435,203 | |||||||||||
| 475,425 | i | TransDigm, Inc | LIBOR 1 M + 2.250% | 2.334 | 12/09/25 | 469,483 | |||||||||||
| 582,091 | i | Univar Solutions USA, Inc | LIBOR 1 M + 2.000% | 2.084 | 05/26/28 | 580,636 | |||||||||||
| TOTAL CAPITAL GOODS | 8,746,688 | ||||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.2% | |||||||||||||||||
| 2,147,813 | i | Allied Universal Holdco LLC | LIBOR 3 M + 3.750% | 4.250 | 05/12/28 | 2,148,779 | |||||||||||
| 1,354,040 | i | Clean Harbors, Inc | LIBOR 1 M + 1.750% | 1.834 | 06/28/24 | 1,352,727 | |||||||||||
| 2,539,175 | i | Filtration Group Corp | LIBOR 1 M + 3.000% | 3.084 | 03/28/25 | 2,524,904 | |||||||||||
| 768,240 | i | Filtration Group Corp | LIBOR 1 M + 3.750% | 4.500 | 03/29/25 | 769,392 | |||||||||||
| 1,384,301 | i | GFL Environmental, Inc | LIBOR 3 M + 3.000% | 3.500 | 05/30/25 | 1,386,031 | |||||||||||
| 1,773,554 | i | Intrado Corp | LIBOR 3 M + 4.000% | 5.000 | 10/10/24 | 1,745,656 | |||||||||||
| 255,824 | i | KAR Auction Services, Inc | LIBOR 1 M + 2.250% | 2.375 | 09/19/26 | 249,428 | |||||||||||
| 2,400,000 | i | Maxar Technologies Ltd | LIBOR 1 M + 2.750% | 2.870 | 10/04/24 | 2,379,384 | |||||||||||
| 1,019,875 | i | PAE Holding Corp | LIBOR 3 M + 4.500% | 5.250 | 10/14/27 | 1,017,835 | |||||||||||
| 1,455,188 | i | Peraton Corp | LIBOR 1 M + 3.750% | 4.500 | 02/01/28 | 1,455,420 | |||||||||||
| 2,608,872 | i | Prime Security Services Borrower LLC | LIBOR 1 M + 2.750% | 3.500 | 09/23/26 | 2,605,011 | |||||||||||
| 1,469,773 | i | Sedgwick Claims Management Services, Inc | LIBOR 1 M + 3.250% | 3.334 | 12/31/25 | 1,457,604 | |||||||||||
| 1,840,388 | i | Spin Holdco, Inc | LIBOR 3 M + 4.000% | 4.750 | 03/01/28 | 1,844,786 | |||||||||||
| 1,244,475 | i | Trans Union LLC | LIBOR 1 M + 1.750% | 1.834 | 11/16/26 | 1,236,113 | |||||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 22,173,070 | ||||||||||||||||
| CONSUMER DURABLES & APPAREL - 0.0% | |||||||||||||||||
| 1,000,000 | i | Conair Holdings LLC | LIBOR 3 M + 3.750% | 4.250 | 05/17/28 | 1,000,420 | |||||||||||
| 1,488,750 | i | Great Outdoors Group LLC | LIBOR 3 M + 4.250% | 5.000 | 03/06/28 | 1,493,216 | |||||||||||
| 1,067,781 | i | Samsonite IP Holdings Sarl | LIBOR 1 M + 1.750% | 1.834 | 04/25/25 | 1,046,426 | |||||||||||
| TOTAL CONSUMER DURABLES & APPAREL | 3,540,062 | ||||||||||||||||
| CONSUMER SERVICES - 0.2% | |||||||||||||||||
| 1,332,121 | i | 1011778 BC ULC | LIBOR 1 M + 1.750% | 1.837 | 11/19/26 | 1,314,910 | |||||||||||
| 1,368,125 | i | AlixPartners LLP | LIBOR 1 M + 2.750% | 3.250 | 02/04/28 | 1,363,939 | |||||||||||
| 838,377 | i | Boyd Gaming Corp | LIBOR 1 W + 2.250% | 2.322 | 09/15/23 | 837,069 | |||||||||||
| 161 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 356,400 | i | Caesars Resort Collection LLC | LIBOR 1 M + 3.500% | 3.583 | % | 07/21/25 | $ | 356,528 | ||||||||
| 665,000 | i | CCC Intelligent Solutions, Inc | LIBOR 3 M + 2.500% | 3.000 | 09/16/28 | 664,169 | |||||||||||
| 994,819 | i | ClubCorp Holdings, Inc | LIBOR 3 M + 2.750% | 2.882 | 09/18/24 | 933,060 | |||||||||||
| 1,983,072 | i | Golden Nugget LLC | LIBOR 2 M + 2.500% | 3.250 | 10/04/23 | 1,972,621 | |||||||||||
| 2,679,750 | i | IRB Holding Corp | LIBOR 3 M + 3.250% | 4.250 | 12/15/27 | 2,683,100 | |||||||||||
| 387,560 | i | KFC Holding Co | LIBOR 1 M + 1.750% | 1.836 | 03/09/28 | 387,075 | |||||||||||
| 323,929 | i | KUEHG Corp | LIBOR 3 M + 3.750% | 4.750 | 02/21/25 | 320,599 | |||||||||||
| 1,990,000 | i | Life Time, Inc | LIBOR 3 M + 4.750% | 5.750 | 12/10/24 | 2,003,691 | |||||||||||
| 1,885,136 | i | Scientific Games International, Inc | LIBOR 1 M + 2.750% | 2.834 | 08/14/24 | 1,875,956 | |||||||||||
| 2,257,938 | i | Sophia LP | LIBOR 3 M + 3.750% | 4.500 | 10/07/27 | 2,265,456 | |||||||||||
| 1,375,000 | i | Stars Group Holdings BV | LIBOR 1 M + 2.250% | 2.382 | 07/21/26 | 1,369,844 | |||||||||||
| 2,046,784 | i | Sterling Midco Holdings, Inc | LIBOR 3 M + 3.500% | 4.500 | 06/19/24 | 2,039,108 | |||||||||||
| TOTAL CONSUMER SERVICES | 20,387,125 | ||||||||||||||||
| DIVERSIFIED FINANCIALS - 0.0% | |||||||||||||||||
| 609,148 | i | Lions Gate Capital Holdings LLC | LIBOR 1 M + 2.250% | 2.334 | 03/24/25 | 603,629 | |||||||||||
| 1,366,241 | i | Reynolds Group Holdings, Inc | LIBOR 1 M + 3.250% | 3.334 | 02/05/26 | 1,355,995 | |||||||||||
| TOTAL DIVERSIFIED FINANCIALS | 1,959,624 | ||||||||||||||||
| ENERGY - 0.0% | |||||||||||||||||
| 1,403,705 | i | Buckeye Partners LP | LIBOR 1 M + 2.250% | 2.334 | 11/01/26 | 1,396,181 | |||||||||||
| 609,375 | i | ChampionX Holding, Inc | LIBOR 3 M + 5.000% | 6.000 | 06/03/27 | 618,516 | |||||||||||
| 1,912,937 | i | Delek US Holdings, Inc | LIBOR 1 M + 2.250% | 2.334 | 03/31/25 | 1,853,636 | |||||||||||
| 483,788 | i | DT Midstream, Inc | LIBOR 3 M + 2.000% | 2.500 | 06/26/28 | 483,410 | |||||||||||
| TOTAL ENERGY | 4,351,743 | ||||||||||||||||
| FOOD, BEVERAGE & TOBACCO - 0.1% | |||||||||||||||||
| 1,386,000 | i | Chobani LLC | LIBOR 1 M + 3.500% | 4.500 | 10/20/27 | 1,387,982 | |||||||||||
| 148,125 | i | Froneri US, Inc | LIBOR 1 M + 2.250% | 2.334 | 01/29/27 | 146,274 | |||||||||||
| 1,895,250 | i | Hayward Industries, Inc | LIBOR 1 M + 2.500% | 3.000 | 05/28/28 | 1,889,337 | |||||||||||
| 1,885,385 | i | Hearthside Food Solutions LLC | LIBOR 1 M + 3.688% | 3.772 | 05/23/25 | 1,878,710 | |||||||||||
| 982,456 | i | Hostess Brands LLC | LIBOR 1 M + 2.250% | 3.000 | 08/01/25 | 978,900 | |||||||||||
| 2,675,543 | i | Shearer’s Foods LLC | LIBOR 3 M + 3.500% | 4.250 | 09/23/27 | 2,670,994 | |||||||||||
| 2,033,000 | i | Triton Water Holdings, Inc | LIBOR 3 M + 3.500% | 4.000 | 03/31/28 | 2,029,198 | |||||||||||
| TOTAL FOOD, BEVERAGE & TOBACCO | 10,981,395 | ||||||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES - 0.2% | |||||||||||||||||
| 1,492,500 | i | ADMI Corp | LIBOR 1 M + 3.125% | 3.625 | 12/23/27 | 1,479,441 | |||||||||||
| 971,218 | i | Change Healthcare Holdings LLC | LIBOR 1 M + 2.500% | 3.500 | 03/01/24 | 970,053 | |||||||||||
| 2,302,122 | i | Da Vinci Purchaser Corp | LIBOR 1 M + 4.000% | 5.000 | 01/08/27 | 2,310,041 | |||||||||||
| 1,225,055 | i | DaVita, Inc | LIBOR 1 M + 1.750% | 1.834 | 08/12/26 | 1,217,398 | |||||||||||
| 722,054 | i | Envision Healthcare Corp | LIBOR 1 M + 3.750% | 3.834 | 10/10/25 | 640,823 | |||||||||||
| 979,435 | i | ExamWorks Group Inc | LIBOR 1 M + 3.250% | 4.250 | 07/27/23 | 979,229 | |||||||||||
| 1,100,308 | i | Gentiva Health Services, Inc | LIBOR 1 M + 2.750% | 2.875 | 07/02/25 | 1,099,845 | |||||||||||
| 1,218,876 | i | Global Medical Response, Inc | LIBOR 3 M + 4.750% | 5.750 | 10/02/25 | 1,222,532 | |||||||||||
| 663,688 | i | Grifols Worldwide Operations USA, Inc | LIBOR 1 W + 2.000% | 2.072 | 11/15/27 | 652,624 | |||||||||||
| 603,023 | i | NMN Holdings III Corp | LIBOR 1 M + 3.750% | 3.834 | 11/13/25 | 586,440 | |||||||||||
| 129,381 | i | NMN Holdings III Corp | LIBOR 1 M + 3.750% | 3.834 | 11/13/25 | 125,823 | |||||||||||
| 1,920,188 | i | Onex TSG Intermediate Corp | LIBOR 3 M + 4.750% | 5.500 | 02/28/28 | 1,934,109 | |||||||||||
| 997,500 | i | Phoenix Guarantor, Inc | LIBOR 1 M + 3.500% | 3.585 | 03/05/26 | 993,311 | |||||||||||
| 3,009,493 | i | RegionalCare Hospital Partners Holdings, Inc | LIBOR 1 M + 3.750% | 3.834 | 11/16/25 | 3,003,866 | |||||||||||
| 1,946,734 | i | Select Medical Corp | LIBOR 1 M + 2.250% | 2.340 | 03/06/25 | 1,931,646 | |||||||||||
| 3,181,113 | i | Surgery Center Holdings, Inc | LIBOR 1 M + 3.750% | 4.500 | 09/03/26 | 3,184,199 | |||||||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES | 22,331,380 | ||||||||||||||||
| 162 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 0.0% | |||||||||||||||||
| $ | 671,625 | i | Energizer Holdings, Inc | LIBOR 1 M + 2.250% | 2.750 | % | 12/16/27 | $ | 670,785 | ||||||||
| 992,500 | i | Kronos Acquisition Holdings, Inc | LIBOR 1 M + 3.750% | 4.250 | 12/22/26 | 966,983 | |||||||||||
| 2,002,275 | i | Weber-Stephen Products LLC | LIBOR 1 M + 3.250% | 4.000 | 10/29/27 | 2,005,779 | |||||||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 3,643,547 | ||||||||||||||||
| INSURANCE - 0.1% | |||||||||||||||||
| 1,358,315 | i | Acrisure LLC | LIBOR 3 M + 3.500% | 3.632 | 02/15/27 | 1,344,447 | |||||||||||
| 372,180 | i | Alera Group Intermediate Holdings, Inc | LIBOR 1 M + 4.000% | 4.500 | 08/01/25 | 372,180 | |||||||||||
| 98,888 | i | Alliant Holdings Intermediate LLC | LIBOR 1 M + 3.750% | 4.250 | 11/05/27 | 98,915 | |||||||||||
| 1,927,689 | i | Asurion LLC | LIBOR 1 M + 3.000% | 3.084 | 11/03/24 | 1,906,002 | |||||||||||
| 829,367 | i | Asurion LLC | LIBOR 1 M + 3.250% | 3.334 | 12/23/26 | 816,628 | |||||||||||
| 1,477,577 | i | HUB International Ltd | LIBOR 3 M + 3.250% | 4.000 | 04/25/25 | 1,477,577 | |||||||||||
| 1,977,835 | i | NFP Corp | LIBOR 1 M + 3.250% | 3.334 | 02/15/27 | 1,955,940 | |||||||||||
| 1,964,194 | i | USI, Inc | LIBOR 3 M + 3.000% | 3.132 | 05/16/24 | 1,949,817 | |||||||||||
| TOTAL INSURANCE | 9,921,506 | ||||||||||||||||
| MATERIALS - 0.1% | |||||||||||||||||
| 1,287,000 | i | Asplundh Tree Expert LLC | LIBOR 1 M + 1.750% | 1.834 | 09/02/27 | 1,281,994 | |||||||||||
| 1,216,950 | i | Eco Services Operations Corp | LIBOR 3 M + 2.750% | 3.250 | 06/09/28 | 1,217,206 | |||||||||||
| 737,679 | i | H.B. Fuller Co | LIBOR 1 M + 2.000% | 2.087 | 10/21/24 | 737,959 | |||||||||||
| 773,063 | i | Kloeckner Pentaplast of America, Inc | LIBOR 6 M + 4.750% | 5.250 | 02/04/26 | 774,516 | |||||||||||
| 188,922 | i | MA FinanceCo LLC | LIBOR 1 M + 2.750% | 2.834 | 06/21/24 | 186,797 | |||||||||||
| 384,697 | i | Messer Industries USA, Inc | LIBOR 3 M + 2.500% | 2.584 | 03/01/26 | 382,484 | |||||||||||
| 1,488,665 | i | Quikrete Holdings, Inc | LIBOR 1 M + 2.500% | 2.584 | 02/01/27 | 1,475,327 | |||||||||||
| 302,326 | i | Reynolds Consumer Products LLC | LIBOR 1 M + 1.750% | 1.834 | 02/04/27 | 301,401 | |||||||||||
| 239,503 | i | Starfruit US Holdco LLC | LIBOR 1 M + 2.750% | 2.832 | 10/01/25 | 237,766 | |||||||||||
| 1,460,781 | i | Tamko Building Products, Inc | LIBOR 1 M + 3.000% | 3.132 | 05/29/26 | 1,451,651 | |||||||||||
| 1,052,344 | i | Tronox Finance LLC | LIBOR 1 M + 2.250% | 2.398 | 03/10/28 | 1,047,556 | |||||||||||
| TOTAL MATERIALS | 9,094,657 | ||||||||||||||||
| MEDIA & ENTERTAINMENT - 0.2% | |||||||||||||||||
| 932,696 | i | Alliance Laundry Systems LLC | LIBOR 3 M + 3.500% | 4.250 | 10/08/27 | 933,526 | |||||||||||
| 1,989,664 | i | Altice Financing S.A. | LIBOR 3 M + 2.750% | 2.900 | 02/02/26 | 1,953,353 | |||||||||||
| 612,500 | i | Arches Buyer, Inc | LIBOR 1 M + 3.250% | 3.750 | 12/06/27 | 609,058 | |||||||||||
| 1,215,813 | i | Arterra Wines Canada, Inc | LIBOR 3 M + 3.500% | 4.250 | 11/19/27 | 1,215,557 | |||||||||||
| 297,000 | i | Banijay Group US Holding, Inc | LIBOR 1 M + 3.750% | 3.833 | 03/04/25 | 296,257 | |||||||||||
| 198,500 | i | Cablevision Lightpath LLC | LIBOR 1 M + 3.250% | 3.750 | 11/30/27 | 198,649 | |||||||||||
| 148,137 | i | Cirque Du Soleil Holding USA Newco, Inc | LIBOR 3 M + 6.000% | 7.000 | 11/24/25 | 147,797 | |||||||||||
| 138,659 | i | Cirque Du Soleil Holding USA Newco, Inc | LIBOR 3 M + 1.000% | 2.000 | 11/24/27 | 136,777 | |||||||||||
| 597,000 | i | CNT Holdings I Corp | LIBOR 3 M + 3.750% | 4.500 | 11/08/27 | 597,376 | |||||||||||
| 1,840,000 | i | Coral-US Co-Borrower LLC | LIBOR 1 M + 3.000% | 4.000 | 09/23/29 | 1,827,930 | |||||||||||
| 1,470,000 | i | Diamond Sports Group LLC | LIBOR 1 M + 3.250% | 3.340 | 08/24/26 | 912,414 | |||||||||||
| 980,000 | i | DIRECTV Financing LLC | LIBOR 3 M + 5.000% | 5.750 | 08/02/27 | 980,304 | |||||||||||
| 2,394,000 | i | INEOS US Petrochem LLC | LIBOR 1 M + 2.750% | 3.250 | 01/29/26 | 2,394,000 | |||||||||||
| 798,000 | i | Journey Personal Care Corp | LIBOR 3 M + 4.250% | 5.000 | 03/01/28 | 799,333 | |||||||||||
| 273,788 | i | Nielsen Finance LLC | LIBOR 1 M + 2.000% | 2.083 | 10/04/23 | 273,276 | |||||||||||
| 15,625 | OneDigital Borrower LLC | 5.250 | 11/16/27 | 15,671 | |||||||||||||
| 483,164 | OneDigital Borrower LLC | LIBOR 3 M + 4.500% | 5.250 | 11/16/27 | 484,575 | ||||||||||||
| 423,938 | i | Park River Holdings, Inc | LIBOR 3 M + 3.250% | 4.000 | 12/28/27 | 422,085 | |||||||||||
| 1,191,000 | i | Radiate Holdco LLC | LIBOR 1 M + 3.500% | 4.250 | 09/25/26 | 1,189,285 | |||||||||||
| 163 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,874,797 | i | Ryan Specialty Group LLC | LIBOR 1 M + 3.000% | 3.750 | % | 09/01/27 | $ | 1,872,922 | ||||||||
| 275,000 | i | SkyMiles IP Ltd | LIBOR 3 M + 3.750% | 4.750 | 10/20/27 | 292,308 | |||||||||||
| 1,771,554 | i | TK Elevator US Newco, Inc | LIBOR 6 M + 3.500% | 4.000 | 07/29/27 | 1,774,017 | |||||||||||
| 814,332 | i | TricorBraun Holdings, Inc | LIBOR 1 M + 3.250% | 3.750 | 03/03/28 | 809,349 | |||||||||||
| 183,627 | i | TricorBraun Holdings, Inc | LIBOR 1 M + 3.250% | 3.750 | 03/03/28 | 182,503 | |||||||||||
| 633,952 | i | Univision Communications, Inc | LIBOR 1 M + 3.750% | 4.750 | 03/24/26 | 632,804 | |||||||||||
| 372,188 | i | US Radiology Specialists, Inc | LIBOR 3 M + 5.500% | 6.250 | 12/10/27 | 373,524 | |||||||||||
| 950,000 | i | Virgin Media Bristol LLC | LIBOR 1 M + 2.500% | 2.584 | 01/31/28 | 943,236 | |||||||||||
| 264,047 | i | Wand NewCo 3, Inc | LIBOR 1 M + 3.000% | 3.084 | 02/05/26 | 261,517 | |||||||||||
| 1,393,000 | i | Woof Holdings, Inc | LIBOR 3 M + 3.750% | 4.500 | 12/21/27 | 1,393,878 | |||||||||||
| 145,000 | i | WR Grace Holdings LLC | LIBOR 1 M + 3.750% | 4.250 | 08/11/28 | 145,454 | |||||||||||
| TOTAL MEDIA & ENTERTAINMENT | 24,068,735 | ||||||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.2% | |||||||||||||||||
| 972,560 | i | Auris Luxembourg III Sarl | LIBOR 1 M + 3.750% | 3.850 | 02/27/26 | 963,447 | |||||||||||
| 621,875 | i | Avantor, Inc | LIBOR 1 M + 2.250% | 2.750 | 11/08/27 | 622,652 | |||||||||||
| 1,655,471 | i | Bausch Health Americas, Inc | LIBOR 1 M + 3.000% | 3.085 | 06/02/25 | 1,652,988 | |||||||||||
| 1,077,121 | i | Bausch Health Americas, Inc | LIBOR 1 M + 2.750% | 2.834 | 11/27/25 | 1,073,890 | |||||||||||
| 1,979,886 | i | Catalent Pharma Solutions, Inc | LIBOR 1 M + 2.000% | 2.500 | 02/22/28 | 1,979,391 | |||||||||||
| 2,673,664 | i | Endo Luxembourg Finance Co I Sarl | LIBOR 3 M + 5.000% | 5.750 | 03/27/28 | 2,609,790 | |||||||||||
| 1,277,545 | i | Horizon Therapeutics USA, Inc | LIBOR 1 M + 2.250% | 2.375 | 05/22/26 | 1,270,519 | |||||||||||
| 997,500 | i | Jazz Financing Lux Sarl | LIBOR 1 M + 3.500% | 4.000 | 05/05/28 | 998,627 | |||||||||||
| 3,856,005 | i | PAREXEL International Corp | LIBOR 1 M + 2.750% | 2.834 | 09/27/24 | 3,852,728 | |||||||||||
| 1,098,585 | i | PPD, Inc | LIBOR 1 M + 2.000% | 2.500 | 01/13/28 | 1,096,300 | |||||||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 16,120,332 | ||||||||||||||||
| REAL ESTATE - 0.0% | |||||||||||||||||
| 1,696,690 | i | Cushman & Wakefield plc | LIBOR 1 M + 2.750% | 2.834 | 08/21/25 | 1,680,148 | |||||||||||
| TOTAL REAL ESTATE | 1,680,148 | ||||||||||||||||
| RETAILING - 0.0% | |||||||||||||||||
| 446,625 | i | LS GROUP OPCO ACQUISITIO | LIBOR 3 M + 3.250% | 4.000 | 11/02/27 | 445,790 | |||||||||||
| 1,596,000 | i | Resideo Funding, Inc | LIBOR 2 M + 2.250% | 2.750 | 02/09/28 | 1,596,000 | |||||||||||
| 970,132 | i | Staples, Inc | LIBOR 3 M + 5.000% | 5.126 | 04/16/26 | 923,391 | |||||||||||
| TOTAL RETAILING | 2,965,181 | ||||||||||||||||
| SOFTWARE & SERVICES - 0.1% | |||||||||||||||||
| 500,000 | i | Avaya Holdings Corp | LIBOR 1 M + 4.250% | 4.334 | 12/15/27 | 500,585 | |||||||||||
| 789,712 | i | Camelot Finance S.A. | LIBOR 1 M + 3.000% | 3.084 | 10/30/26 | 787,406 | |||||||||||
| 992,500 | i | Camelot US Acquisition | LIBOR 1 M + 3.000% | 4.000 | 10/31/26 | 994,674 | |||||||||||
| 664,913 | i | Dun & Bradstreet Corp | LIBOR 1 M + 3.250% | 3.336 | 02/06/26 | 664,082 | |||||||||||
| 1,583,673 | i | Hyland Software, Inc | LIBOR 1 M + 3.500% | 4.250 | 07/01/24 | 1,584,497 | |||||||||||
| 1,984,887 | i | Informatica LLC | LIBOR 1 M + 3.250% | 3.334 | 02/25/27 | 1,977,443 | |||||||||||
| 65,643 | i | IQVIA, Inc | LIBOR 1 M + 1.750% | 1.834 | 03/07/24 | 65,495 | |||||||||||
| 2,950,000 | i | Magenta Buyer LLC | LIBOR 3 M + 5.000% | 5.750 | 07/27/28 | 2,949,085 | |||||||||||
| 411,296 | i | NeuStar, Inc | LIBOR 1 M + 3.500% | 4.500 | 08/08/24 | 411,333 | |||||||||||
| 1,393,000 | i | Rackspace Technology Global, Inc | LIBOR 3 M + 2.750% | 3.500 | 02/03/28 | 1,382,399 | |||||||||||
| 475,000 | i | RealPage, Inc | LIBOR 1 M + 3.250% | 3.750 | 04/24/28 | 473,366 | |||||||||||
| 908,690 | i | Rocket Software, Inc | LIBOR 1 M + 4.250% | 4.334 | 11/28/25 | 899,949 | |||||||||||
| TOTAL SOFTWARE & SERVICES | 12,690,314 | ||||||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 0.1% | |||||||||||||||||
| 2,170,479 | i | Dell International LLC | LIBOR 1 M + 1.750% | 2.000 | 09/19/25 | 2,169,416 | |||||||||||
| 164 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 498,750 | i | Ingram Micro, Inc | LIBOR 3 M + 3.500% | 4.000 | % | 06/30/28 | $ | 499,748 | ||||||||
| 818,923 | i | Plantronics, Inc | LIBOR 1 M + 2.500% | 2.585 | 07/02/25 | 798,793 | |||||||||||
| 755,472 | i | TTM Technologies, Inc | LIBOR 1 M + 2.500% | 2.586 | 09/28/24 | 755,789 | |||||||||||
| 373,152 | i | Western Digital Corp | LIBOR 1 M + 1.750% | 1.838 | 04/29/23 | 372,995 | |||||||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 4,596,741 | ||||||||||||||||
| TELECOMMUNICATION SERVICES - 0.1% | |||||||||||||||||
| 1,856,108 | i | CommScope, Inc | LIBOR 1 M + 3.250% | 3.334 | 04/06/26 | 1,844,897 | |||||||||||
| 1,989,664 | i | SFR Group S.A. | LIBOR 1 M + 3.688% | 3.800 | 01/31/26 | 1,971,259 | |||||||||||
| 623,553 | i | Zayo Group Holdings, Inc | LIBOR 1 M + 3.000% | 3.084 | 03/09/27 | 617,735 | |||||||||||
| TOTAL TELECOMMUNICATION SERVICES | 4,433,891 | ||||||||||||||||
| TRANSPORTATION - 0.1% | |||||||||||||||||
| 250,000 | i | Air Canada | LIBOR 3 M + 3.500% | 4.250 | 08/11/28 | 250,832 | |||||||||||
| 1,454,545 | i | American Airlines, Inc | LIBOR 1 M + 2.000% | 2.084 | 12/14/23 | 1,422,022 | |||||||||||
| 750,000 | i | American Airlines, Inc | LIBOR 3 M + 4.750% | 5.500 | 04/20/28 | 775,102 | |||||||||||
| 313,972 | i | Avis Budget Car Rental LLC | LIBOR 1 M + 1.750% | 1.840 | 08/06/27 | 306,842 | |||||||||||
| 380,000 | i | CHG Healthcare Services, Inc | LIBOR 1 M + 3.500% | 4.000 | 09/21/28 | 380,407 | |||||||||||
| 992,746 | i | Kenan Advantage Group, Inc | LIBOR 1 M + 3.750% | 4.500 | 03/18/26 | 990,403 | |||||||||||
| 550,000 | i | Mileage Plus Holdings LLC | LIBOR 3 M + 5.250% | 6.250 | 06/18/27 | 584,034 | |||||||||||
| 2,000,000 | i | XPO Logistics, Inc | LIBOR 1 M + 1.750% | 1.833 | 02/24/25 | 1,988,760 | |||||||||||
| TOTAL TRANSPORTATION | 6,698,402 | ||||||||||||||||
| UTILITIES - 0.1% | |||||||||||||||||
| 1,583,531 | i | AssuredPartners, Inc | LIBOR 1 M + 3.500% | 4.000 | 02/12/27 | 1,580,760 | |||||||||||
| 925,888 | i | Calpine Corp | LIBOR 1 M + 2.500% | 2.590 | 12/16/27 | 923,416 | |||||||||||
| 1,990,030 | i | First Eagle Holdings, Inc | LIBOR 3 M + 2.500% | 2.632 | 02/02/27 | 1,968,358 | |||||||||||
| 1,959,837 | i | Gopher Resource LLC | LIBOR 1 M + 3.250% | 4.250 | 03/06/25 | 1,805,010 | |||||||||||
| 1,496,241 | i | Plaze, Inc | LIBOR 1 M + 3.750% | 4.500 | 08/03/26 | 1,493,129 | |||||||||||
| 437,928 | i | ProQuest LLC | LIBOR 1 M + 3.250% | 3.334 | 10/23/26 | 437,421 | |||||||||||
| 1,275,839 | i | Seattle SpinCo, Inc | LIBOR 1 M + 2.750% | 2.834 | 06/21/24 | 1,261,486 | |||||||||||
| 2,133,876 | i | Utz Quality Foods LLC | LIBOR 1 M + 3.000% | 3.084 | 01/20/28 | 2,129,886 | |||||||||||
| 907,479 | i | Vistra Operations Co LLC | LIBOR 1 M + 1.750% | 1.834 | 12/31/25 | 900,146 | |||||||||||
| TOTAL UTILITIES | 12,499,612 | ||||||||||||||||
| TOTAL BANK LOAN OBLIGATIONS | 204,629,366 | ||||||||||||||||
| (Cost $205,334,616) | |||||||||||||||||
| BONDS - 95.4% | |||||||||||||||||
| CORPORATE BONDS - 45.2% | |||||||||||||||||
| AUTOMOBILES & COMPONENTS - 0.4% | |||||||||||||||||
| 4,500,000 | g | Adient Global Holdings Ltd | 4.875 | 08/15/26 | 4,606,965 | ||||||||||||
| 200,000 | g | Adient US LLC | 9.000 | 04/15/25 | 216,000 | ||||||||||||
| 225,000 | Dana, Inc | 5.375 | 11/15/27 | 237,094 | |||||||||||||
| 225,000 | Dana, Inc | 5.625 | 06/15/28 | 242,291 | |||||||||||||
| 325,000 | Dana, Inc | 4.250 | 09/01/30 | 334,246 | |||||||||||||
| 750,000 | Ford Motor Co | 8.500 | 04/21/23 | 824,955 | |||||||||||||
| 775,000 | Ford Motor Co | 9.000 | 04/22/25 | 931,961 | |||||||||||||
| 4,900,000 | g | Gates Global LLC | 6.250 | 01/15/26 | 5,083,750 | ||||||||||||
| 5,550,000 | General Motors Co | 6.125 | 10/01/25 | 6,502,885 | |||||||||||||
| 165 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,400,000 | General Motors Co | 5.000 | % | 10/01/28 | $ | 1,620,586 | ||||||||||
| 1,700,000 | General Motors Co | 6.600 | 04/01/36 | 2,282,012 | |||||||||||||
| 10,050,000 | General Motors Co | 5.200 | 04/01/45 | 12,238,338 | |||||||||||||
| 475,000 | General Motors Co | 6.750 | 04/01/46 | 677,346 | |||||||||||||
| 2,000,000 | g | Goodyear Tire & Rubber Co | 5.000 | 07/15/29 | 2,122,500 | ||||||||||||
| 5,000,000 | Goodyear Tire & Rubber Co | 5.250 | 04/30/31 | 5,373,250 | |||||||||||||
| 1,000,000 | g,o | IHO Verwaltungs GmbH | 6.375 | 05/15/29 | 1,091,250 | ||||||||||||
| 1,750,000 | Magna International, Inc | 3.625 | 06/15/24 | 1,877,623 | |||||||||||||
| TOTAL AUTOMOBILES & COMPONENTS | 46,263,052 | ||||||||||||||||
| BANKS - 9.7% | |||||||||||||||||
| 2,000,000 | g | Akbank T.A.S. | 6.800 | 02/06/26 | 2,085,078 | ||||||||||||
| 1,900,000 | g | Akbank T.A.S. | 7.200 | 03/16/27 | 1,908,550 | ||||||||||||
| 1,500,000 | g | Akbank TAS | 6.800 | 06/22/31 | 1,480,050 | ||||||||||||
| 7,290,000 | g | Australia & New Zealand Banking Group Ltd | 2.950 | 07/22/30 | 7,577,663 | ||||||||||||
| 10,000,000 | g | Australia & New Zealand Banking Group Ltd | 6.750 | N/A‡ | 11,666,100 | ||||||||||||
| 3,000,000 | Banco Bilbao Vizcaya Argentaria S.A. | 6.500 | N/A‡ | 3,262,500 | |||||||||||||
| 2,500,000 | g | Banco de Bogota S.A. | 4.375 | 08/03/27 | 2,606,900 | ||||||||||||
| 2,100,000 | g | Banco de Credito del Peru | 2.700 | 01/11/25 | 2,157,771 | ||||||||||||
| 2,150,000 | g | Banco de Credito del Peru | 3.250 | 09/30/31 | 2,104,871 | ||||||||||||
| 3,075,000 | g | Banco del Estado de Chile | 2.704 | 01/09/25 | 3,182,625 | ||||||||||||
| 2,855,000 | g | Banco do Brasil S.A. | 3.250 | 09/30/26 | 2,853,572 | ||||||||||||
| 1,725,000 | g | Banco Industrial S.A. | 4.875 | 01/29/31 | 1,750,875 | ||||||||||||
| 2,000,000 | g | Banco Internacional del Peru SAA Interbank | 3.375 | 01/18/23 | 2,035,020 | ||||||||||||
| 3,300,000 | g | Banco Internacional del Peru SAA Interbank | 4.000 | 07/08/30 | 3,300,000 | ||||||||||||
| 1,725,000 | g | Banco Nacional de Comercio Exterior SNC | 2.720 | 08/11/31 | 1,731,469 | ||||||||||||
| 3,650,000 | g | Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand | 5.375 | 04/17/25 | 4,079,605 | ||||||||||||
| 3,400,000 | Banco Santander S.A. | 1.722 | 09/14/27 | 3,384,200 | |||||||||||||
| 4,200,000 | Banco Santander S.A. | 3.800 | 02/23/28 | 4,603,410 | |||||||||||||
| 1,800,000 | Banco Santander S.A. | 2.958 | 03/25/31 | 1,851,804 | |||||||||||||
| 2,000,000 | Banco Santander S.A. | 7.500 | N/A‡ | 2,180,000 | |||||||||||||
| 7,400,000 | Banco Santander S.A. | 4.750 | N/A‡ | 7,537,418 | |||||||||||||
| 3,700,000 | Bancolombia S.A. | 3.000 | 01/29/25 | 3,732,412 | |||||||||||||
| 1,825,000 | Bancolombia S.A. | 4.625 | 12/18/29 | 1,847,812 | |||||||||||||
| 2,600,000 | g | Bangkok Bank PCL | 3.466 | 09/23/36 | 2,570,810 | ||||||||||||
| 3,500,000 | g | Bangkok Bank PCL | 5.000 | N/A‡ | 3,640,000 | ||||||||||||
| 2,500,000 | g | Banistmo S.A. | 4.250 | 07/31/27 | 2,560,625 | ||||||||||||
| 8,000,000 | g | Bank Leumi Le-Israel BM | 3.275 | 01/29/31 | 8,190,000 | ||||||||||||
| 10,000,000 | Bank of America Corp | 4.000 | 01/22/25 | 10,866,656 | |||||||||||||
| 20,300,000 | Bank of America Corp | 2.456 | 10/22/25 | 21,203,959 | |||||||||||||
| 1,000,000 | Bank of America Corp | 4.450 | 03/03/26 | 1,119,730 | |||||||||||||
| 5,875,000 | Bank of America Corp | 1.197 | 10/24/26 | 5,830,854 | |||||||||||||
| 7,275,000 | Bank of America Corp | 1.734 | 07/22/27 | 7,304,935 | |||||||||||||
| 15,850,000 | Bank of America Corp | 3.824 | 01/20/28 | 17,491,269 | |||||||||||||
| 7,800,000 | Bank of America Corp | 2.496 | 02/13/31 | 7,893,522 | |||||||||||||
| 19,750,000 | Bank of America Corp | 2.592 | 04/29/31 | 20,157,403 | |||||||||||||
| 15,000,000 | Bank of America Corp | 1.898 | 07/23/31 | 14,464,151 | |||||||||||||
| 56,165,000 | Bank of America Corp | 1.922 | 10/24/31 | 54,029,062 | |||||||||||||
| 5,000,000 | Bank of America Corp | 2.687 | 04/22/32 | 5,091,350 | |||||||||||||
| 15,000,000 | Bank of America Corp | 3.311 | 04/22/42 | 15,739,136 | |||||||||||||
| 5,000,000 | Bank of America Corp | 6.250 | N/A‡ | 5,500,000 | |||||||||||||
| 6,632,000 | Bank of America Corp | 6.300 | N/A‡ | 7,693,120 | |||||||||||||
| 12,900,000 | Bank of America Corp | 6.100 | N/A‡ | 14,385,177 | |||||||||||||
| 166 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 3,750,000 | Bank of Montreal | 3.803 | % | 12/15/32 | $ | 4,108,696 | ||||||||||
| 2,100,000 | Barclays plc | 4.338 | 05/16/24 | 2,222,882 | |||||||||||||
| 7,000,000 | Barclays plc | 3.932 | 05/07/25 | 7,512,339 | |||||||||||||
| 2,525,000 | Barclays plc | 4.375 | N/A‡ | 2,523,232 | |||||||||||||
| 5,000,000 | Barclays plc | 6.125 | N/A‡ | 5,534,400 | |||||||||||||
| 2,700,000 | Barclays plc | 7.750 | N/A‡ | 2,943,000 | |||||||||||||
| 5,550,000 | g | BNP Paribas S.A. | 2.819 | 11/19/25 | 5,812,880 | ||||||||||||
| 1,125,000 | g | BNP Paribas S.A. | 2.219 | 06/09/26 | 1,154,678 | ||||||||||||
| 3,600,000 | g | BNP Paribas S.A. | 1.323 | 01/13/27 | 3,539,556 | ||||||||||||
| 5,895,000 | g | BNP Paribas S.A. | 1.904 | 09/30/28 | 5,867,587 | ||||||||||||
| 2,800,000 | g | BNP Paribas S.A. | 2.588 | 08/12/35 | 2,715,212 | ||||||||||||
| 12,906,000 | g | BNP Paribas S.A. | 7.375 | N/A‡ | 14,970,960 | ||||||||||||
| 2,000,000 | g | BNP Paribas S.A. | 6.625 | N/A‡ | 2,164,400 | ||||||||||||
| 5,750,000 | Citigroup, Inc | 3.875 | 03/26/25 | 6,244,785 | |||||||||||||
| 4,025,000 | Citigroup, Inc | 3.200 | 10/21/26 | 4,339,655 | |||||||||||||
| 2,200,000 | Citigroup, Inc | 4.300 | 11/20/26 | 2,470,886 | |||||||||||||
| 5,150,000 | Citigroup, Inc | 1.462 | 06/09/27 | 5,119,650 | |||||||||||||
| 5,975,000 | Citigroup, Inc | 4.450 | 09/29/27 | 6,794,704 | |||||||||||||
| 2,975,000 | Citigroup, Inc | 4.125 | 07/25/28 | 3,320,821 | |||||||||||||
| 39,295,000 | Citigroup, Inc | 2.666 | 01/29/31 | 40,243,478 | |||||||||||||
| 5,550,000 | Citigroup, Inc | 4.412 | 03/31/31 | 6,408,349 | |||||||||||||
| 20,000,000 | Citigroup, Inc | 2.572 | 06/03/31 | 20,386,080 | |||||||||||||
| 3,000,000 | Citigroup, Inc | 5.950 | N/A‡ | 3,273,750 | |||||||||||||
| 4,000,000 | Citigroup, Inc | 6.300 | N/A‡ | 4,318,000 | |||||||||||||
| 5,000,000 | Citigroup, Inc | 5.000 | N/A‡ | 5,222,375 | |||||||||||||
| 5,515,000 | g | Cooperatieve Rabobank UA | 1.339 | 06/24/26 | 5,508,760 | ||||||||||||
| 4,775,000 | Cooperatieve Rabobank UA | 3.750 | 07/21/26 | 5,262,547 | |||||||||||||
| 3,050,000 | g | Credicorp Ltd | 2.750 | 06/17/25 | 3,118,144 | ||||||||||||
| 2,575,000 | g | Credit Agricole S.A. | 1.907 | 06/16/26 | 2,623,984 | ||||||||||||
| 5,200,000 | g | Credit Agricole S.A. | 1.247 | 01/26/27 | 5,126,512 | ||||||||||||
| 12,000,000 | g | Credit Agricole S.A. | 8.125 | N/A‡ | 14,490,000 | ||||||||||||
| 1,857,000 | g | Danske Bank AS | 5.375 | 01/12/24 | 2,038,062 | ||||||||||||
| 1,525,000 | g | DBS Group Holdings Ltd | 4.520 | 12/11/28 | 1,633,142 | ||||||||||||
| 3,150,000 | g | Development Bank of Kazakhstan JSC | 2.950 | 05/06/31 | 3,170,045 | ||||||||||||
| 4,200,000 | Discover Bank | 2.450 | 09/12/24 | 4,379,832 | |||||||||||||
| 5,400,000 | Discover Bank | 3.450 | 07/27/26 | 5,854,278 | |||||||||||||
| 2,275,000 | Discover Bank | 2.700 | 02/06/30 | 2,359,380 | |||||||||||||
| 807,000 | Fifth Third Bancorp | 3.500 | 03/15/22 | 816,685 | |||||||||||||
| 850,000 | g | Grupo Aval Ltd | 4.750 | 09/26/22 | 872,312 | ||||||||||||
| 1,675,000 | g | Grupo Aval Ltd | 4.375 | 02/04/30 | 1,654,900 | ||||||||||||
| 4,535,000 | HSBC Holdings plc | 1.645 | 04/18/26 | 4,559,326 | |||||||||||||
| 625,000 | HSBC Holdings plc | 3.900 | 05/25/26 | 688,408 | |||||||||||||
| 15,640,000 | HSBC Holdings plc | 4.292 | 09/12/26 | 17,252,982 | |||||||||||||
| 750,000 | HSBC Holdings plc | 4.375 | 11/23/26 | 835,931 | |||||||||||||
| 1,850,000 | HSBC Holdings plc | 2.013 | 09/22/28 | 1,849,546 | |||||||||||||
| 5,450,000 | HSBC Holdings plc | 2.206 | 08/17/29 | 5,405,635 | |||||||||||||
| 3,850,000 | HSBC Holdings plc | 3.973 | 05/22/30 | 4,249,399 | |||||||||||||
| 2,430,000 | HSBC Holdings plc | 2.848 | 06/04/31 | 2,492,038 | |||||||||||||
| 590,000 | HSBC Holdings plc | 6.800 | 06/01/38 | 840,318 | |||||||||||||
| 10,250,000 | HSBC Holdings plc | 6.000 | N/A‡ | 11,236,562 | |||||||||||||
| 5,000,000 | HSBC Holdings plc | 6.375 | N/A‡ | 5,457,100 | |||||||||||||
| 360,000 | Huntington Bancshares, Inc | 4.000 | 05/15/25 | 394,688 | |||||||||||||
| 2,875,000 | g | ICICI Bank Ltd | 3.800 | 12/14/27 | 3,085,625 | ||||||||||||
| 167 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 8,225,000 | g | ING Groep NV | 1.400 | % | 07/01/26 | $ | 8,245,958 | |||||||||
| 400,000 | ING Groep NV | 3.950 | 03/29/27 | 448,153 | |||||||||||||
| 3,000,000 | g | Intercorp Financial Services, Inc | 4.125 | 10/19/27 | 3,030,000 | ||||||||||||
| 9,400,000 | JPMorgan Chase & Co | 2.301 | 10/15/25 | 9,749,795 | |||||||||||||
| 2,500,000 | JPMorgan Chase & Co | 3.200 | 06/15/26 | 2,700,560 | |||||||||||||
| 13,000,000 | JPMorgan Chase & Co | 4.203 | 07/23/29 | 14,788,171 | |||||||||||||
| 19,405,000 | JPMorgan Chase & Co | 3.702 | 05/06/30 | 21,429,584 | |||||||||||||
| 18,950,000 | JPMorgan Chase & Co | 2.739 | 10/15/30 | 19,625,031 | |||||||||||||
| 1,960,000 | JPMorgan Chase & Co | 4.493 | 03/24/31 | 2,287,078 | |||||||||||||
| 6,005,000 | JPMorgan Chase & Co | 2.522 | 04/22/31 | 6,126,320 | |||||||||||||
| 4,600,000 | JPMorgan Chase & Co | 2.956 | 05/13/31 | 4,785,646 | |||||||||||||
| 40,560,000 | JPMorgan Chase & Co | 1.953 | 02/04/32 | 39,129,099 | |||||||||||||
| 8,550,000 | JPMorgan Chase & Co | 3.157 | 04/22/42 | 8,876,919 | |||||||||||||
| 700,000 | JPMorgan Chase & Co | 4.260 | 02/22/48 | 844,018 | |||||||||||||
| 8,600,000 | JPMorgan Chase & Co | 3.328 | 04/22/52 | 9,008,990 | |||||||||||||
| 6,535,000 | JPMorgan Chase & Co | 5.000 | N/A‡ | 6,820,906 | |||||||||||||
| 16,000,000 | JPMorgan Chase & Co | 6.100 | N/A‡ | 17,388,800 | |||||||||||||
| 9,380,000 | JPMorgan Chase & Co | 3.650 | N/A‡ | 9,426,900 | |||||||||||||
| 775,000 | g | Kookmin Bank | 2.500 | 11/04/30 | 767,825 | ||||||||||||
| 10,800,000 | Lloyds Banking Group plc | 7.500 | N/A‡ | 12,529,171 | |||||||||||||
| 5,000,000 | Lloyds Banking Group plc | 7.500 | N/A‡ | 5,593,750 | |||||||||||||
| 7,150,000 | M&T Bank Corp | 3.500 | N/A‡ | 7,096,375 | |||||||||||||
| 7,200,000 | Mitsubishi UFJ Financial Group, Inc | 2.193 | 02/25/25 | 7,447,491 | |||||||||||||
| 2,070,000 | Mitsubishi UFJ Financial Group, Inc | 1.412 | 07/17/25 | 2,081,979 | |||||||||||||
| 4,000,000 | g | Mizrahi Tefahot Bank Ltd | 3.077 | 04/07/31 | 4,045,000 | ||||||||||||
| 1,550,000 | MUFG Americas Holdings Corp | 3.500 | 06/18/22 | 1,584,750 | |||||||||||||
| 9,170,000 | Natwest Group plc | 3.032 | 11/28/35 | 9,182,165 | |||||||||||||
| 4,800,000 | Natwest Group plc | 4.600 | N/A‡ | 4,823,040 | |||||||||||||
| 3,000,000 | Natwest Group plc | 8.000 | N/A‡ | 3,543,750 | |||||||||||||
| 5,470,000 | g | Nordea Bank Abp | 6.625 | N/A‡ | 6,287,109 | ||||||||||||
| 2,335,000 | g | Oversea-Chinese Banking Corp Ltd | 1.832 | 09/10/30 | 2,327,014 | ||||||||||||
| 7,010,000 | PNC Bank NA | 2.700 | 10/22/29 | 7,350,910 | |||||||||||||
| 1,500,000 | PNC Financial Services Group, Inc | 3.900 | 04/29/24 | 1,618,572 | |||||||||||||
| 8,955,000 | PNC Financial Services Group, Inc | 3.400 | N/A‡ | 8,932,612 | |||||||||||||
| 5,100,000 | Royal Bank of Canada | 2.550 | 07/16/24 | 5,350,649 | |||||||||||||
| 6,146,000 | Royal Bank of Scotland Group plc | 3.498 | 05/15/23 | 6,257,849 | |||||||||||||
| 3,250,000 | Royal Bank of Scotland Group plc | 3.073 | 05/22/28 | 3,450,836 | |||||||||||||
| 3,125,000 | Santander Holdings USA, Inc | 3.400 | 01/18/23 | 3,231,689 | |||||||||||||
| 2,500,000 | g | Sovcombank Via SovCom Capital DAC | 3.400 | 01/26/25 | 2,516,266 | ||||||||||||
| 1,450,000 | g | Standard Chartered plc | 2.678 | 06/29/32 | 1,439,413 | ||||||||||||
| 6,500,000 | Sumitomo Mitsui Financial Group, Inc | 2.696 | 07/16/24 | 6,827,400 | |||||||||||||
| 5,550,000 | Toronto-Dominion Bank | 1.150 | 06/12/25 | 5,562,285 | |||||||||||||
| 1,300,000 | Toronto-Dominion Bank | 3.625 | 09/15/31 | 1,428,276 | |||||||||||||
| 570,000 | Truist Bank | 2.450 | 08/01/22 | 579,571 | |||||||||||||
| 10,000,000 | Truist Bank | 3.689 | 08/02/24 | 10,591,907 | |||||||||||||
| 2,125,000 | Truist Bank | 1.500 | 03/10/25 | 2,163,353 | |||||||||||||
| 1,960,000 | Truist Bank | 2.250 | 03/11/30 | 1,970,408 | |||||||||||||
| 1,960,000 | e | Truist Financial Corp | 1.200 | 08/05/25 | 1,974,213 | ||||||||||||
| 5,000,000 | Truist Financial Corp | 4.950 | N/A‡ | 5,461,600 | |||||||||||||
| 9,800,000 | Truist Financial Corp | 4.800 | N/A‡ | 10,325,084 | |||||||||||||
| 6,500,000 | Truist Financial Corp | 5.100 | N/A‡ | 7,471,750 | |||||||||||||
| 1,500,000 | g | Turkiye Garanti Bankasi AS. | 6.125 | 05/24/27 | 1,503,750 | ||||||||||||
| 3,000,000 | g | Turkiye Vakiflar Bankasi TAO | 6.500 | 01/08/26 | 3,048,124 | ||||||||||||
| 3,050,000 | g | Turkiye Vakiflar Bankasi TAO | 5.500 | 10/01/26 | 2,956,147 | ||||||||||||
| 168 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 3,850,000 | g | UBS Group AG. | 1.494 | % | 08/10/27 | $ | 3,805,420 | |||||||||
| 4,000,000 | g | UBS Group AG. | 3.875 | N/A‡ | 3,999,560 | ||||||||||||
| 2,000,000 | UniCredit SpA | 8.000 | N/A‡ | 2,182,500 | |||||||||||||
| 3,000,000 | g | United Overseas Bank Ltd | 1.250 | 04/14/26 | 2,993,073 | ||||||||||||
| 1,400,000 | g | United Overseas Bank Ltd | 3.750 | 04/15/29 | 1,484,490 | ||||||||||||
| 3,700,000 | g | United Overseas Bank Ltd | 2.000 | 10/14/31 | 3,699,519 | ||||||||||||
| 3,650,000 | Wells Fargo & Co | 3.750 | 01/24/24 | 3,902,128 | |||||||||||||
| 3,425,000 | Wells Fargo & Co | 3.550 | 09/29/25 | 3,731,234 | |||||||||||||
| 10,475,000 | Wells Fargo & Co | 2.393 | 06/02/28 | 10,804,334 | |||||||||||||
| 8,880,000 | Wells Fargo & Co | 2.879 | 10/30/30 | 9,273,926 | |||||||||||||
| 8,000,000 | Wells Fargo & Co | 5.900 | N/A‡ | 8,610,000 | |||||||||||||
| 17,000,000 | Wells Fargo & Co | 3.900 | N/A‡ | 17,531,250 | |||||||||||||
| 9,500,000 | Wells Fargo & Co | 5.875 | N/A‡ | 10,587,845 | |||||||||||||
| 5,400,000 | Westpac Banking Corp | 2.668 | 11/15/35 | 5,287,491 | |||||||||||||
| TOTAL BANKS | 1,033,046,741 | ||||||||||||||||
| CAPITAL GOODS - 1.6% | |||||||||||||||||
| 2,000,000 | e,g | Adaro Indonesia PT | 4.250 | 10/31/24 | 2,035,000 | ||||||||||||
| 1,354,000 | Air Lease Corp | 3.000 | 02/01/30 | 1,373,912 | |||||||||||||
| 5,000,000 | Air Lease Corp | 3.125 | 12/01/30 | 5,122,302 | |||||||||||||
| 2,430,000 | g | Airbus SE | 3.150 | 04/10/27 | 2,610,564 | ||||||||||||
| 3,400,000 | g | BAE Systems plc | 1.900 | 02/15/31 | 3,260,454 | ||||||||||||
| 2,000,000 | g | BOC Aviation Ltd | 3.000 | 09/11/29 | 2,032,177 | ||||||||||||
| 17,400,000 | Boeing Co | 2.196 | 02/04/26 | 17,528,269 | |||||||||||||
| 6,900,000 | Boeing Co | 2.950 | 02/01/30 | 7,035,256 | |||||||||||||
| 3,700,000 | Boeing Co | 3.625 | 02/01/31 | 3,960,882 | |||||||||||||
| 1,825,000 | Boeing Co | 3.250 | 02/01/35 | 1,824,832 | |||||||||||||
| 21,427,000 | Boeing Co | 5.805 | 05/01/50 | 28,561,556 | |||||||||||||
| 6,325,000 | g | DAE Funding LLC | 3.375 | 03/20/28 | 6,519,220 | ||||||||||||
| 31,000 | General Electric Co | 6.875 | 01/10/39 | 46,200 | |||||||||||||
| 3,075,000 | g | H&E Equipment Services, Inc | 3.875 | 12/15/28 | 3,063,007 | ||||||||||||
| 500,000 | e | Ingersoll-Rand Global Holding Co Ltd | 3.750 | 08/21/28 | 555,120 | ||||||||||||
| 3,750,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.800 | 03/21/29 | 4,193,622 | |||||||||||||
| 10,000,000 | John Deere Capital Corp | 2.000 | 06/17/31 | 9,993,576 | |||||||||||||
| 1,100,000 | L3Harris Technologies, Inc | 3.850 | 06/15/23 | 1,158,966 | |||||||||||||
| 850,000 | e | Lockheed Martin Corp | 1.850 | 06/15/30 | 845,799 | ||||||||||||
| 2,503,000 | g | Molex Electronic Technologies LLC | 3.900 | 04/15/25 | 2,629,457 | ||||||||||||
| 5,775,000 | Northrop Grumman Corp | 3.250 | 01/15/28 | 6,247,952 | |||||||||||||
| 7,150,000 | Parker-Hannifin Corp | 3.250 | 06/14/29 | 7,690,302 | |||||||||||||
| 248,000 | Raytheon Technologies Corp | 3.650 | 08/16/23 | 261,958 | |||||||||||||
| 10,675,000 | Raytheon Technologies Corp | 4.125 | 11/16/28 | 12,150,133 | |||||||||||||
| 3,300,000 | Raytheon Technologies Corp | 2.250 | 07/01/30 | 3,332,225 | |||||||||||||
| 5,000,000 | Raytheon Technologies Corp | 4.500 | 06/01/42 | 6,128,356 | |||||||||||||
| 325,000 | g | Rolls-Royce plc | 5.750 | 10/15/27 | 359,125 | ||||||||||||
| 3,100,000 | Roper Technologies, Inc | 1.400 | 09/15/27 | 3,061,367 | |||||||||||||
| 1,800,000 | Roper Technologies, Inc | 2.950 | 09/15/29 | 1,909,296 | |||||||||||||
| 13,155,000 | Roper Technologies, Inc | 2.000 | 06/30/30 | 12,879,907 | |||||||||||||
| 3,000,000 | g | TSMC Global Ltd | 0.750 | 09/28/25 | 2,926,433 | ||||||||||||
| 2,000,000 | g | TSMC Global Ltd | 1.000 | 09/28/27 | 1,917,060 | ||||||||||||
| 3,000,000 | g | TSMC Global Ltd | 1.750 | 04/23/28 | 2,962,215 | ||||||||||||
| 1,900,000 | g | Tupy Overseas S.A. | 4.500 | 02/16/31 | 1,844,520 | ||||||||||||
| 175,000 | g | Univar Solutions USA, Inc | 5.125 | 12/01/27 | 183,741 | ||||||||||||
| 425,000 | g | WESCO Distribution, Inc | 7.125 | 06/15/25 | 453,530 | ||||||||||||
| 169 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 425,000 | g | WESCO Distribution, Inc | 7.250 | % | 06/15/28 | $ | 470,688 | |||||||||
| TOTAL CAPITAL GOODS | 169,128,979 | ||||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.4% | |||||||||||||||||
| 1,655,000 | g | ADT Corp | 4.875 | 07/15/32 | 1,669,481 | ||||||||||||
| 1,000,000 | AECOM | 5.125 | 03/15/27 | 1,107,500 | |||||||||||||
| 325,000 | g | ASGN, Inc | 4.625 | 05/15/28 | 336,375 | ||||||||||||
| 925,000 | g | Booz Allen Hamilton, Inc | 3.875 | 09/01/28 | 948,236 | ||||||||||||
| 370,000 | g | Booz Allen Hamilton, Inc | 4.000 | 07/01/29 | 379,250 | ||||||||||||
| 1,830,795 | g | British Airways | 3.800 | 09/20/31 | 1,904,090 | ||||||||||||
| 150,000 | g | GFL Environmental, Inc | 4.250 | 06/01/25 | 154,687 | ||||||||||||
| 1,000,000 | g | GFL Environmental, Inc | 3.750 | 08/01/25 | 1,028,750 | ||||||||||||
| 125,000 | g | GFL Environmental, Inc | 5.125 | 12/15/26 | 131,264 | ||||||||||||
| 3,150,000 | g | GFL Environmental, Inc | 3.500 | 09/01/28 | 3,169,687 | ||||||||||||
| 850,000 | IHS Markit Ltd | 4.125 | 08/01/23 | 901,170 | |||||||||||||
| 1,375,000 | IHS Markit Ltd | 4.250 | 05/01/29 | 1,566,978 | |||||||||||||
| 1,500,000 | g,i | Nakama Re Ltd | LIBOR 6 M + 2.200% | 2.200 | 10/13/21 | 1,500,000 | |||||||||||
| 4,000,000 | g | Pitney Bowes, Inc | 6.875 | 03/15/27 | 4,210,000 | ||||||||||||
| 2,500,000 | g | Pitney Bowes, Inc | 7.250 | 03/15/29 | 2,628,125 | ||||||||||||
| 2,125,000 | g | Prime Security Services Borrower LLC | 5.750 | 04/15/26 | 2,298,741 | ||||||||||||
| 1,300,000 | g | Prime Security Services Borrower LLC | 3.375 | 08/31/27 | 1,247,194 | ||||||||||||
| 2,655,000 | g | Prime Security Services Borrower LLC | 6.250 | 01/15/28 | 2,744,686 | ||||||||||||
| 2,225,000 | Republic Services, Inc | 2.900 | 07/01/26 | 2,368,023 | |||||||||||||
| 100,000 | g | Ritchie Bros Auctioneers, Inc | 5.375 | 01/15/25 | 102,423 | ||||||||||||
| 1,860,000 | Verisk Analytics, Inc | 4.125 | 03/15/29 | 2,112,362 | |||||||||||||
| 525,000 | Verisk Analytics, Inc | 3.625 | 05/15/50 | 557,833 | |||||||||||||
| 325,000 | g | WASH Multifamily Acquisition, Inc | 5.750 | 04/15/26 | 339,373 | ||||||||||||
| 1,800,000 | Waste Management, Inc | 2.900 | 09/15/22 | 1,833,158 | |||||||||||||
| 1,235,000 | Waste Management, Inc | 1.500 | 03/15/31 | 1,160,320 | |||||||||||||
| 1,500,000 | Waste Management, Inc | 2.500 | 11/15/50 | 1,387,601 | |||||||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 37,787,307 | ||||||||||||||||
| CONSUMER DURABLES & APPAREL - 0.2% | |||||||||||||||||
| 750,000 | Leggett & Platt, Inc | 4.400 | 03/15/29 | 852,848 | |||||||||||||
| 5,000,000 | Lennar Corp | 5.000 | 06/15/27 | 5,797,050 | |||||||||||||
| 5,000,000 | Lennar Corp | 4.750 | 11/29/27 | 5,793,500 | |||||||||||||
| 219,000 | Newell Brands, Inc | 4.875 | 06/01/25 | 241,710 | |||||||||||||
| 5,000,000 | e | PulteGroup, Inc | 5.000 | 01/15/27 | 5,791,850 | ||||||||||||
| TOTAL CONSUMER DURABLES & APPAREL | 18,476,958 | ||||||||||||||||
| CONSUMER SERVICES - 0.6% | |||||||||||||||||
| 16,500,000 | Anheuser-Busch Cos LLC | 3.650 | 02/01/26 | 18,097,559 | |||||||||||||
| 5,000,000 | Anheuser-Busch Cos LLC | 4.700 | 02/01/36 | 6,042,203 | |||||||||||||
| 8,910,000 | Anheuser-Busch Cos LLC | 4.900 | 02/01/46 | 10,952,304 | |||||||||||||
| 750,000 | g | Arcos Dorados Holdings, Inc | 5.875 | 04/04/27 | 780,007 | ||||||||||||
| 2,805,000 | g | Carnival Corp | 4.000 | 08/01/28 | 2,833,050 | ||||||||||||
| 1,100,000 | g | Cedar Fair LP | 5.500 | 05/01/25 | 1,142,625 | ||||||||||||
| 2,300,000 | g | ENA Master Trust | 4.000 | 05/19/48 | 2,357,500 | ||||||||||||
| 125,000 | g | Hilton Domestic Operating Co, Inc | 5.375 | 05/01/25 | 130,625 | ||||||||||||
| 125,000 | g | Hilton Domestic Operating Co, Inc | 5.750 | 05/01/28 | 134,625 | ||||||||||||
| 2,200,000 | g | Hilton Domestic Operating Co, Inc | 3.625 | 02/15/32 | 2,167,000 | ||||||||||||
| 8,800,000 | Hyatt Hotels Corp | 1.300 | 10/01/23 | 8,811,704 | |||||||||||||
| 400,000 | g | International Game Technology plc | 4.125 | 04/15/26 | 415,748 | ||||||||||||
| 170 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 540,000 | g | International Game Technology plc | 6.250 | % | 01/15/27 | $ | 610,200 | |||||||||
| 425,000 | g | Marriott Ownership Resorts, Inc | 4.500 | 06/15/29 | 430,312 | ||||||||||||
| 1,600,000 | g | MGM China Holdings Ltd | 4.750 | 02/01/27 | 1,574,000 | ||||||||||||
| 2,335,000 | e,g | Sands China Ltd | 2.300 | 03/08/27 | 2,258,015 | ||||||||||||
| 1,400,000 | Sands China Ltd | 5.400 | 08/08/28 | 1,546,104 | |||||||||||||
| 1,175,000 | g | Wynn Macau Ltd | 5.625 | 08/26/28 | 1,118,527 | ||||||||||||
| TOTAL CONSUMER SERVICES | 61,402,108 | ||||||||||||||||
| DIVERSIFIED FINANCIALS - 4.8% | |||||||||||||||||
| 4,900,000 | AerCap Ireland Capital DAC | 3.500 | 01/15/25 | 5,155,829 | |||||||||||||
| 9,050,000 | AerCap Ireland Capital DAC | 1.750 | 01/30/26 | 8,957,550 | |||||||||||||
| 4,100,000 | AerCap Ireland Capital DAC | 3.650 | 07/21/27 | 4,355,130 | |||||||||||||
| 1,500,000 | AerCap Ireland Capital DAC | 4.625 | 10/15/27 | 1,672,489 | |||||||||||||
| 5,000,000 | AerCap Ireland Capital DAC | 3.875 | 01/23/28 | 5,368,085 | |||||||||||||
| 8,650,000 | Ally Financial, Inc | 4.700 | N/A‡ | 9,003,352 | |||||||||||||
| 1,775,000 | American Express Co | 2.500 | 08/01/22 | 1,805,757 | |||||||||||||
| 710,000 | American Express Co | 2.650 | 12/02/22 | 729,219 | |||||||||||||
| 1,250,000 | American Express Co | 3.700 | 08/03/23 | 1,321,944 | |||||||||||||
| 8,975,000 | American Express Co | 3.550 | N/A‡ | 9,144,179 | |||||||||||||
| 2,000,000 | American Express Credit Corp | 3.300 | 05/03/27 | 2,217,840 | |||||||||||||
| 3,000,000 | g | B3 S.A.-Brasil Bolsa Balcao | 4.125 | 09/20/31 | 2,939,250 | ||||||||||||
| 1,000,000 | g | Banco BTG Pactual S.A. | 4.500 | 01/10/25 | 1,027,510 | ||||||||||||
| 4,300,000 | g | Banco BTG Pactual S.A. | 2.750 | 01/11/26 | 4,176,375 | ||||||||||||
| 10,205,000 | Bank of New York Mellon Corp | 4.700 | N/A‡ | 11,199,987 | |||||||||||||
| 455,000 | g | BBVA Bancomer S.A. | 5.350 | 11/12/29 | 480,598 | ||||||||||||
| 3,350,000 | g | BBVA Bancomer S.A. | 5.125 | 01/18/33 | 3,492,375 | ||||||||||||
| 1,740,000 | Berkshire Hathaway, Inc | 3.125 | 03/15/26 | 1,888,371 | |||||||||||||
| 2,600,000 | g | BPCE S.A. | 4.625 | 07/11/24 | 2,830,586 | ||||||||||||
| 7,868,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 8,183,366 | |||||||||||||
| 2,490,000 | Capital One Financial Corp | 3.750 | 03/09/27 | 2,754,755 | |||||||||||||
| 6,640,000 | Capital One Financial Corp | 3.950 | N/A‡ | 6,839,200 | |||||||||||||
| 11,000,000 | Charles Schwab Corp | 4.000 | N/A‡ | 11,467,500 | |||||||||||||
| 10,800,000 | Charles Schwab Corp | 5.375 | N/A‡ | 12,001,500 | |||||||||||||
| 600,000 | g | Compass Group Diversified Holdings LLC | 5.250 | 04/15/29 | 627,750 | ||||||||||||
| 2,500,000 | g | Credit Suisse Group AG. | 2.997 | 12/14/23 | 2,567,438 | ||||||||||||
| 8,325,000 | g | Credit Suisse Group AG. | 2.193 | 06/05/26 | 8,481,251 | ||||||||||||
| 4,950,000 | g | Credit Suisse Group AG. | 1.305 | 02/02/27 | 4,837,629 | ||||||||||||
| 1,000,000 | g | Credit Suisse Group AG. | 3.091 | 05/14/32 | 1,022,526 | ||||||||||||
| 3,950,000 | Credit Suisse Group Funding Guernsey Ltd | 3.800 | 06/09/23 | 4,161,620 | |||||||||||||
| 1,650,000 | Credit Suisse Group Funding Guernsey Ltd | 3.750 | 03/26/25 | 1,779,453 | |||||||||||||
| 4,000,000 | Danske Bank A.S. | 4.375 | N/A‡ | 4,063,520 | |||||||||||||
| 3,600,000 | Deutsche Bank AG. | 3.035 | 05/28/32 | 3,652,590 | |||||||||||||
| 4,000,000 | Deutsche Bank AG. | 4.789 | N/A‡ | 4,032,400 | |||||||||||||
| 4,650,000 | Deutsche Bank AG. | 6.000 | N/A‡ | 4,894,125 | |||||||||||||
| 545,000 | Discover Financial Services | 5.200 | 04/27/22 | 559,423 | |||||||||||||
| 2,075,000 | Ford Motor Credit Co LLC | 3.096 | 05/04/23 | 2,108,719 | |||||||||||||
| 5,000,000 | Ford Motor Credit Co LLC | 3.664 | 09/08/24 | 5,162,500 | |||||||||||||
| 1,400,000 | Ford Motor Credit Co LLC | 4.000 | 11/13/30 | 1,456,000 | |||||||||||||
| 2,000,000 | Ford Motor Credit Co LLC | 3.625 | 06/17/31 | 2,012,500 | |||||||||||||
| 7,700,000 | GE Capital International Funding Co | 3.373 | 11/15/25 | 8,345,770 | |||||||||||||
| 43,220,000 | GE Capital International Funding Co | 4.418 | 11/15/35 | 51,866,259 | |||||||||||||
| 4,390,000 | General Motors Financial Co, Inc | 2.750 | 06/20/25 | 4,589,747 | |||||||||||||
| 8,625,000 | General Motors Financial Co, Inc | 5.650 | 01/17/29 | 10,380,178 | |||||||||||||
| 171 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 4,000,000 | General Motors Financial Co, Inc | 2.350 | % | 01/08/31 | $ | 3,917,828 | ||||||||||
| 29,000,000 | General Motors Financial Co, Inc | 2.700 | 06/10/31 | 28,911,247 | |||||||||||||
| 5,450,000 | General Motors Financial Co, Inc | 5.700 | N/A‡ | 6,274,312 | |||||||||||||
| 2,000,000 | General Motors Financial Co, Inc | 5.750 | N/A‡ | 2,184,920 | |||||||||||||
| 11,270,000 | Goldman Sachs Group, Inc | 3.625 | 02/20/24 | 12,009,703 | |||||||||||||
| 2,275,000 | Goldman Sachs Group, Inc | 3.500 | 01/23/25 | 2,436,823 | |||||||||||||
| 3,277,000 | Goldman Sachs Group, Inc | 3.500 | 04/01/25 | 3,523,114 | |||||||||||||
| 5,875,000 | Goldman Sachs Group, Inc | 1.093 | 12/09/26 | 5,789,358 | |||||||||||||
| 19,100,000 | Goldman Sachs Group, Inc | 1.431 | 03/09/27 | 19,047,475 | |||||||||||||
| 13,900,000 | Goldman Sachs Group, Inc | 3.691 | 06/05/28 | 15,300,175 | |||||||||||||
| 9,170,000 | Goldman Sachs Group, Inc | 1.992 | 01/27/32 | 8,842,906 | |||||||||||||
| 360,000 | Goldman Sachs Group, Inc | 6.750 | 10/01/37 | 515,623 | |||||||||||||
| 1,900,000 | Goldman Sachs Group, Inc | 4.017 | 10/31/38 | 2,183,537 | |||||||||||||
| 4,875,000 | Goldman Sachs Group, Inc | 3.210 | 04/22/42 | 5,039,482 | |||||||||||||
| 4,500,000 | Goldman Sachs Group, Inc | 2.908 | 07/21/42 | 4,436,785 | |||||||||||||
| 600,000 | Goldman Sachs Group, Inc | 4.800 | 07/08/44 | 767,441 | |||||||||||||
| 1,500,000 | Goldman Sachs Group, Inc | 3.800 | N/A‡ | 1,535,625 | |||||||||||||
| 1,500,000 | Goldman Sachs Group, Inc | 4.950 | N/A‡ | 1,590,000 | |||||||||||||
| 500,000 | Icahn Enterprises LP | 4.750 | 09/15/24 | 520,000 | |||||||||||||
| 925,000 | Icahn Enterprises LP | 5.250 | 05/15/27 | 959,687 | |||||||||||||
| 3,800,000 | Icahn Enterprises LP | 4.375 | 02/01/29 | 3,795,250 | |||||||||||||
| 1,100,000 | g | Indian Railway Finance Corp Ltd | 3.249 | 02/13/30 | 1,107,669 | ||||||||||||
| 7,400,000 | g | Indian Railway Finance Corp Ltd | 2.800 | 02/10/31 | 7,137,606 | ||||||||||||
| 2,488,000 | International Lease Finance Corp | 5.875 | 08/15/22 | 2,602,184 | |||||||||||||
| 800,000 | g | LCM Investments Holdings II LLC | 4.875 | 05/01/29 | 820,856 | ||||||||||||
| 475,000 | Legg Mason, Inc | 3.950 | 07/15/24 | 515,625 | |||||||||||||
| 3,425,000 | g | LPL Holdings, Inc | 4.000 | 03/15/29 | 3,517,989 | ||||||||||||
| 1,250,000 | g | LUKOIL International Finance BV | 4.750 | 11/02/26 | 1,386,415 | ||||||||||||
| 5,800,000 | g | Macquarie Bank London | 6.125 | N/A‡ | 6,356,800 | ||||||||||||
| 2,500,000 | g | Minejesa Capital BV | 5.625 | 08/10/37 | 2,641,250 | ||||||||||||
| 1,040,000 | Morgan Stanley | 4.000 | 07/23/25 | 1,145,769 | |||||||||||||
| 10,619,000 | Morgan Stanley | 2.188 | 04/28/26 | 10,964,157 | |||||||||||||
| 14,325,000 | Morgan Stanley | 3.125 | 07/27/26 | 15,417,739 | |||||||||||||
| 2,720,000 | Morgan Stanley | 0.985 | 12/10/26 | 2,671,693 | |||||||||||||
| 685,000 | Morgan Stanley | 3.950 | 04/23/27 | 761,794 | |||||||||||||
| 2,800,000 | Morgan Stanley | 1.512 | 07/20/27 | 2,786,688 | |||||||||||||
| 19,545,000 | Morgan Stanley | 2.699 | 01/22/31 | 20,152,708 | |||||||||||||
| 75,000 | Morgan Stanley | 1.928 | 04/28/32 | 71,928 | |||||||||||||
| 2,900,000 | Morgan Stanley | 2.239 | 07/21/32 | 2,850,083 | |||||||||||||
| 4,000,000 | Northern Trust Corp | 4.600 | N/A‡ | 4,384,245 | |||||||||||||
| 1,345,000 | OneMain Finance Corp | 3.500 | 01/15/27 | 1,345,605 | |||||||||||||
| 2,975,000 | g | Power Finance Corp Ltd | 3.950 | 04/23/30 | 3,038,457 | ||||||||||||
| 1,625,000 | g | REC Ltd | 4.750 | 05/19/23 | 1,706,517 | ||||||||||||
| 2,070,000 | g | Societe Generale S.A. | 1.375 | 07/08/25 | 2,071,611 | ||||||||||||
| 2,125,000 | g | Societe Generale S.A. | 2.889 | 06/09/32 | 2,137,027 | ||||||||||||
| 4,000,000 | g | Societe Generale S.A. | 4.750 | N/A‡ | 4,087,520 | ||||||||||||
| 550,000 | Springleaf Finance Corp | 5.375 | 11/15/29 | 596,118 | |||||||||||||
| 550,000 | State Street Corp | 3.300 | 12/16/24 | 595,680 | |||||||||||||
| 11,300,000 | g | Swiss Re Finance Luxembourg SA | 5.000 | 04/02/49 | 12,966,162 | ||||||||||||
| 1,950,000 | Synchrony Financial | 4.375 | 03/19/24 | 2,104,341 | |||||||||||||
| 2,850,000 | Synchrony Financial | 4.250 | 08/15/24 | 3,079,726 | |||||||||||||
| 5,075,000 | g | UBS Group AG | 2.859 | 08/15/23 | 5,181,869 | ||||||||||||
| 3,000,000 | g | UBS Group AG | 1.364 | 01/30/27 | 2,972,033 | ||||||||||||
| 1,500,000 | g | UBS Group AG | 7.000 | N/A‡ | 1,636,440 | ||||||||||||
| 172 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 650,000 | Voya Financial, Inc | 5.700 | % | 07/15/43 | $ | 894,639 | ||||||||||
| TOTAL DIVERSIFIED FINANCIALS | 506,902,379 | ||||||||||||||||
| ENERGY - 4.6% | |||||||||||||||||
| 1,075,000 | AmeriGas Partners LP | 5.875 | 08/20/26 | 1,214,750 | |||||||||||||
| 2,500,000 | g | Antero Midstream Partners LP | 5.750 | 01/15/28 | 2,590,625 | ||||||||||||
| 1,875,000 | g | Archrock Partners LP | 6.250 | 04/01/28 | 1,939,172 | ||||||||||||
| 1,900,000 | Calumet Specialty Products Partners LP | 7.750 | 04/15/23 | 1,883,375 | |||||||||||||
| 5,000,000 | Canadian Natural Resources Ltd | 2.950 | 07/15/30 | 5,176,719 | |||||||||||||
| 12,400,000 | Cenovus Energy, Inc | 4.250 | 04/15/27 | 13,782,666 | |||||||||||||
| 875,000 | Cenovus Energy, Inc | 2.650 | 01/15/32 | 858,459 | |||||||||||||
| 3,980,000 | Cenovus Energy, Inc | 5.400 | 06/15/47 | 4,882,898 | |||||||||||||
| 2,205,000 | g | Cheniere Energy Partners LP | 3.250 | 01/31/32 | 2,212,276 | ||||||||||||
| 565,000 | Chevron Corp | 2.355 | 12/05/22 | 575,785 | |||||||||||||
| 7,179,000 | Chevron Corp | 1.554 | 05/11/25 | 7,340,025 | |||||||||||||
| 5,875,000 | g | ConocoPhillips | 2.400 | 02/15/31 | 5,974,400 | ||||||||||||
| 3,000,000 | g | Cosan Ltd | 5.500 | 09/20/29 | 3,170,550 | ||||||||||||
| 1,125,000 | Crestwood Midstream Partners LP | 5.750 | 04/01/25 | 1,148,906 | |||||||||||||
| 5,802,000 | Diamondback Energy, Inc | 2.875 | 12/01/24 | 6,092,108 | |||||||||||||
| 3,750,000 | Diamondback Energy, Inc | 3.125 | 03/24/31 | 3,893,873 | |||||||||||||
| 1,790,000 | g | DT Midstream, Inc | 4.125 | 06/15/29 | 1,815,167 | ||||||||||||
| 1,490,000 | g | DT Midstream, Inc | 4.375 | 06/15/31 | 1,534,700 | ||||||||||||
| 5,000,000 | Ecopetrol S.A. | 5.375 | 06/26/26 | 5,434,250 | |||||||||||||
| 1,050,000 | Ecopetrol S.A. | 6.875 | 04/29/30 | 1,229,025 | |||||||||||||
| 3,725,000 | g | Empresa Nacional del Petroleo | 5.250 | 11/06/29 | 4,162,725 | ||||||||||||
| 2,675,000 | g | Empresa Nacional del Petroleo | 3.450 | 09/16/31 | 2,626,850 | ||||||||||||
| 4,175,000 | Enbridge, Inc | 3.125 | 11/15/29 | 4,452,941 | |||||||||||||
| 1,960,000 | Enbridge, Inc | 2.500 | 08/01/33 | 1,967,593 | |||||||||||||
| 10,350,000 | Enbridge, Inc | 5.750 | 07/15/80 | 11,694,982 | |||||||||||||
| 2,424,000 | g | Energean Israel Finance Ltd | 4.875 | 03/30/26 | 2,484,707 | ||||||||||||
| 2,440,000 | Energy Transfer Operating LP | 2.900 | 05/15/25 | 2,557,588 | |||||||||||||
| 2,675,000 | Energy Transfer Operating LP | 4.750 | 01/15/26 | 2,989,683 | |||||||||||||
| 1,670,000 | Energy Transfer Operating LP | 5.500 | 06/01/27 | 1,959,462 | |||||||||||||
| 8,000,000 | Energy Transfer Operating LP | 5.250 | 04/15/29 | 9,377,361 | |||||||||||||
| 1,235,000 | e | Energy Transfer Operating LP | 3.750 | 05/15/30 | 1,334,492 | ||||||||||||
| 4,100,000 | Energy Transfer Operating LP | 6.250 | 04/15/49 | 5,387,443 | |||||||||||||
| 4,625,000 | Energy Transfer Operating LP | 5.000 | 05/15/50 | 5,335,973 | |||||||||||||
| 500,000 | g | EnLink Midstream LLC | 5.625 | 01/15/28 | 532,370 | ||||||||||||
| 1,250,000 | Enterprise Products Operating LLC | 3.700 | 02/15/26 | 1,372,036 | |||||||||||||
| 3,707,000 | Enterprise Products Operating LLC | 3.125 | 07/31/29 | 3,981,266 | |||||||||||||
| 900,000 | Enterprise Products Operating LLC | 2.800 | 01/31/30 | 940,332 | |||||||||||||
| 1,425,000 | Enterprise Products Operating LLC | 4.250 | 02/15/48 | 1,614,045 | |||||||||||||
| 2,300,000 | Enterprise Products Operating LLC | 4.200 | 01/31/50 | 2,591,044 | |||||||||||||
| 7,350,000 | Enterprise Products Operating LLC | 3.700 | 01/31/51 | 7,774,797 | |||||||||||||
| 11,150,000 | Enterprise Products Operating LLC | 3.300 | 02/15/53 | 10,873,954 | |||||||||||||
| 750,000 | g | EQM Midstream Partners LP | 6.000 | 07/01/25 | 822,150 | ||||||||||||
| 1,900,000 | g | EQM Midstream Partners LP | 4.500 | 01/15/29 | 1,971,250 | ||||||||||||
| 850,000 | g | EQT Corp | 3.125 | 05/15/26 | 871,352 | ||||||||||||
| 3,025,000 | g | Ferrellgas Escrow LLC | 5.375 | 04/01/26 | 2,956,620 | ||||||||||||
| 3,225,000 | g | Ferrellgas Escrow LLC | 5.875 | 04/01/29 | 3,128,250 | ||||||||||||
| 3,333,000 | g | Galaxy Pipeline Assets Bidco Ltd | 2.160 | 03/31/34 | 3,272,385 | ||||||||||||
| 2,750,000 | g | Galaxy Pipeline Assets Bidco Ltd | 2.625 | 03/31/36 | 2,703,634 | ||||||||||||
| 1,100,000 | Genesis Energy LP | 6.500 | 10/01/25 | 1,094,500 | |||||||||||||
| 173 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,450,000 | g | Hilcorp Energy I LP | 5.750 | % | 02/01/29 | $ | 1,489,875 | |||||||||
| 1,450,000 | g | Hilcorp Energy I LP | 6.000 | 02/01/31 | 1,489,875 | ||||||||||||
| 1,200,000 | g | KazMunayGas National Co JSC | 5.375 | 04/24/30 | 1,415,913 | ||||||||||||
| 3,500,000 | g | KazMunayGas National Co JSC | 3.500 | 04/14/33 | 3,604,282 | ||||||||||||
| 3,700,000 | Kinder Morgan Energy Partners LP | 5.800 | 03/15/35 | 4,753,198 | |||||||||||||
| 1,250,000 | Kinder Morgan Energy Partners LP | 5.400 | 09/01/44 | 1,550,814 | |||||||||||||
| 1,976,000 | Kinder Morgan, Inc | 5.300 | 12/01/34 | 2,438,720 | |||||||||||||
| 2,525,000 | g | Leviathan Bond Ltd | 6.125 | 06/30/25 | 2,738,331 | ||||||||||||
| 1,500,000 | g | Leviathan Bond Ltd | 6.500 | 06/30/27 | 1,645,320 | ||||||||||||
| 7,625,000 | Magellan Midstream Partners LP | 3.250 | 06/01/30 | 8,150,733 | |||||||||||||
| 5,000,000 | Marathon Petroleum Corp | 4.700 | 05/01/25 | 5,581,231 | |||||||||||||
| 13,040,000 | Marathon Petroleum Corp | 3.800 | 04/01/28 | 14,290,793 | |||||||||||||
| 1,000,000 | Marathon Petroleum Corp | 4.750 | 09/15/44 | 1,169,599 | |||||||||||||
| 2,750,000 | Marathon Petroleum Corp | 5.000 | 09/15/54 | 3,277,660 | |||||||||||||
| 5,000,000 | g | MEG Energy Corp | 5.875 | 02/01/29 | 5,112,500 | ||||||||||||
| 4,475,000 | MPLX LP | 1.750 | 03/01/26 | 4,502,556 | |||||||||||||
| 16,235,000 | MPLX LP | 2.650 | 08/15/30 | 16,290,727 | |||||||||||||
| 2,935,000 | MPLX LP | 4.700 | 04/15/48 | 3,388,666 | |||||||||||||
| 642,000 | Murphy Oil Corp | 5.875 | 12/01/27 | 668,161 | |||||||||||||
| 1,200,000 | NAK Naftogaz Ukraine via Kondor Finance plc | 7.375 | 07/19/22 | 1,219,812 | |||||||||||||
| 10,000,000 | g | Northern Natural Gas Co | 3.400 | 10/16/51 | 10,185,740 | ||||||||||||
| 850,000 | NuStar Logistics LP | 5.750 | 10/01/25 | 915,875 | |||||||||||||
| 325,000 | Occidental Petroleum Corp | 5.500 | 12/01/25 | 359,937 | |||||||||||||
| 475,000 | Occidental Petroleum Corp | 5.550 | 03/15/26 | 527,250 | |||||||||||||
| 5,000,000 | Occidental Petroleum Corp | 3.500 | 08/15/29 | 5,085,600 | |||||||||||||
| 1,975,000 | Occidental Petroleum Corp | 4.300 | 08/15/39 | 1,947,903 | |||||||||||||
| 1,450,000 | g | Oleoducto Central S.A. | 4.000 | 07/14/27 | 1,493,500 | ||||||||||||
| 1,025,000 | ONEOK, Inc | 4.000 | 07/13/27 | 1,135,998 | |||||||||||||
| 6,030,000 | ONEOK, Inc | 4.550 | 07/15/28 | 6,842,464 | |||||||||||||
| 7,750,000 | ONEOK, Inc | 4.350 | 03/15/29 | 8,745,126 | |||||||||||||
| 3,920,000 | ONEOK, Inc | 3.400 | 09/01/29 | 4,180,593 | |||||||||||||
| 7,750,000 | ONEOK, Inc | 4.500 | 03/15/50 | 8,592,852 | |||||||||||||
| 2,000,000 | g | Parkland Corp | 4.500 | 10/01/29 | 2,027,200 | ||||||||||||
| 6,200,000 | g | Pertamina Persero PT | 1.400 | 02/09/26 | 6,066,637 | ||||||||||||
| 850,000 | g | Pertamina Persero PT | 3.650 | 07/30/29 | 909,694 | ||||||||||||
| 2,000,000 | g | Pertamina Persero PT | 5.625 | 05/20/43 | 2,331,331 | ||||||||||||
| 2,075,000 | g | Peru LNG Srl | 5.375 | 03/22/30 | 1,680,750 | ||||||||||||
| 1,667,000 | Petrobras Global Finance BV | 5.999 | 01/27/28 | 1,880,376 | |||||||||||||
| 326,000 | Petrobras Global Finance BV | 5.093 | 01/15/30 | 344,673 | |||||||||||||
| 500,000 | Petrobras Global Finance BV | 5.600 | 01/03/31 | 542,750 | |||||||||||||
| 2,000,000 | Petrobras Global Finance BV | 6.900 | 03/19/49 | 2,227,320 | |||||||||||||
| 767,000 | g | Petroleos del Peru S.A. | 4.750 | 06/19/32 | 790,010 | ||||||||||||
| 5,000,000 | Petroleos Mexicanos | 4.500 | 01/23/26 | 5,028,500 | |||||||||||||
| 2,550,000 | Petroleos Mexicanos | 6.500 | 03/13/27 | 2,693,081 | |||||||||||||
| 2,100,000 | Petroleos Mexicanos | 5.350 | 02/12/28 | 2,069,550 | |||||||||||||
| 2,700,000 | Petroleos Mexicanos | 5.950 | 01/28/31 | 2,617,380 | |||||||||||||
| 546,000 | Petroleos Mexicanos | 6.750 | 09/21/47 | 476,202 | |||||||||||||
| 3,000,000 | Petroleos Mexicanos | 7.690 | 01/23/50 | 2,840,700 | |||||||||||||
| 1,275,000 | g | Petronas Capital Ltd | 3.500 | 04/21/30 | 1,380,795 | ||||||||||||
| 5,950,000 | g | Petronas Energy Canada Ltd | 2.112 | 03/23/28 | 5,972,355 | ||||||||||||
| 15,790,000 | Phillips 66 | 2.150 | 12/15/30 | 15,404,756 | |||||||||||||
| 5,000,000 | Phillips 66 Partners LP | 3.750 | 03/01/28 | 5,413,472 | |||||||||||||
| 1,925,000 | Phillips 66 Partners LP | 3.150 | 12/15/29 | 2,011,940 | |||||||||||||
| 775,000 | Phillips 66 Partners LP | 4.680 | 02/15/45 | 891,210 | |||||||||||||
| 174 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,700,000 | g | PTTEP Treasury Center Co Ltd | 2.587 | % | 06/10/27 | $ | 1,758,837 | |||||||||
| 4,300,000 | g | Qatar Petroleum | 1.375 | 09/12/26 | 4,269,459 | ||||||||||||
| 5,300,000 | g | Qatar Petroleum | 2.250 | 07/12/31 | 5,251,420 | ||||||||||||
| 654,000 | Regency Energy Partners LP | 4.500 | 11/01/23 | 695,886 | |||||||||||||
| 1,150,000 | g | S.A. Global Sukuk Ltd | 0.946 | 06/17/24 | 1,138,662 | ||||||||||||
| 270,000 | Sabine Pass Liquefaction LLC | 5.875 | 06/30/26 | 317,762 | |||||||||||||
| 6,125,000 | Sabine Pass Liquefaction LLC | 4.200 | 03/15/28 | 6,838,544 | |||||||||||||
| 11,115,000 | Sabine Pass Liquefaction LLC | 4.500 | 05/15/30 | 12,811,260 | |||||||||||||
| 3,575,000 | g | Santos Finance Ltd | 3.649 | 04/29/31 | 3,640,641 | ||||||||||||
| 3,175,000 | g | Saudi Arabian Oil Co | 2.250 | 11/24/30 | 3,109,411 | ||||||||||||
| 297,000 | g | Saudi Arabian Oil Co | 3.250 | 11/24/50 | 282,819 | ||||||||||||
| 1,325,000 | Shell International Finance BV | 2.875 | 05/10/26 | 1,427,762 | |||||||||||||
| 1,750,000 | Shell International Finance BV | 3.125 | 11/07/49 | 1,810,906 | |||||||||||||
| 1,975,000 | Sunoco Logistics Partners Operations LP | 4.000 | 10/01/27 | 2,178,942 | |||||||||||||
| 450,000 | Sunoco Logistics Partners Operations LP | 5.400 | 10/01/47 | 536,227 | |||||||||||||
| 1,500,000 | Sunoco LP | 6.000 | 04/15/27 | 1,561,875 | |||||||||||||
| 1,150,000 | Sunoco LP | 4.500 | 05/15/29 | 1,166,409 | |||||||||||||
| 550,000 | g | Superior Plus LP | 4.500 | 03/15/29 | 567,875 | ||||||||||||
| 300,000 | Targa Resources Partners LP | 6.500 | 07/15/27 | 323,469 | |||||||||||||
| 1,000,000 | g | Targa Resources Partners LP | 4.000 | 01/15/32 | 1,033,450 | ||||||||||||
| 4,000,000 | g | Thaioil Treasury Center Co Ltd | 2.500 | 06/18/30 | 3,779,160 | ||||||||||||
| 1,450,000 | Total Capital International S.A. | 2.986 | 06/29/41 | 1,474,470 | |||||||||||||
| 5,550,000 | Total Capital International S.A. | 3.127 | 05/29/50 | 5,580,445 | |||||||||||||
| 10,800,000 | TransCanada PipeLines Ltd | 4.250 | 05/15/28 | 12,295,387 | |||||||||||||
| 7,835,000 | Transcanada Trust | 5.500 | 09/15/79 | 8,638,088 | |||||||||||||
| 2,000,000 | g | Tullow Oil plc | 10.250 | 05/15/26 | 2,088,520 | ||||||||||||
| 1,260,000 | USA Compression Partners LP | 6.875 | 04/01/26 | 1,311,914 | |||||||||||||
| 500,000 | USA Compression Partners LP | 6.875 | 09/01/27 | 529,300 | |||||||||||||
| 1,857,000 | Vale Overseas Ltd | 6.875 | 11/21/36 | 2,474,453 | |||||||||||||
| 18,300,000 | Williams Cos, Inc | 2.600 | 03/15/31 | 18,547,032 | |||||||||||||
| 850,000 | Williams Partners LP | 3.750 | 06/15/27 | 935,983 | |||||||||||||
| 2,100,000 | g | YPF S.A. | 6.950 | 07/21/27 | 1,548,750 | ||||||||||||
| TOTAL ENERGY | 485,898,918 | ||||||||||||||||
| FOOD & STAPLES RETAILING - 0.1% | |||||||||||||||||
| 3,975,000 | Costco Wholesale Corp | 1.600 | 04/20/30 | 3,884,323 | |||||||||||||
| 1,250,000 | Costco Wholesale Corp | 1.750 | 04/20/32 | 1,225,630 | |||||||||||||
| 1,750,000 | Kroger Co | 3.700 | 08/01/27 | 1,937,288 | |||||||||||||
| 3,000,000 | Kroger Co | 3.875 | 10/15/46 | 3,317,629 | |||||||||||||
| 575,000 | Kroger Co | 4.450 | 02/01/47 | 687,420 | |||||||||||||
| 730,000 | SYSCO Corp | 3.750 | 10/01/25 | 799,081 | |||||||||||||
| 294,000 | Walmart, Inc | 2.375 | 09/24/29 | 311,079 | |||||||||||||
| TOTAL FOOD & STAPLES RETAILING | 12,162,450 | ||||||||||||||||
| FOOD, BEVERAGE & TOBACCO - 1.5% | |||||||||||||||||
| 1,025,000 | Altria Group, Inc | 3.400 | 05/06/30 | 1,084,647 | |||||||||||||
| 1,075,000 | Altria Group, Inc | 2.450 | 02/04/32 | 1,030,097 | |||||||||||||
| 2,700,000 | Altria Group, Inc | 5.950 | 02/14/49 | 3,419,470 | |||||||||||||
| 3,300,000 | g | Amaggi Luxembourg International Sarl | 5.250 | 01/28/28 | 3,385,800 | ||||||||||||
| 3,100,000 | g | Anadolu Efes Biracilik Ve Malt Sanayii AS. | 3.375 | 06/29/28 | 3,146,430 | ||||||||||||
| 13,260,000 | Anheuser-Busch InBev Worldwide, Inc | 4.750 | 01/23/29 | 15,610,698 | |||||||||||||
| 1,260,000 | Anheuser-Busch InBev Worldwide, Inc | 4.439 | 10/06/48 | 1,474,077 | |||||||||||||
| 3,150,000 | BAT Capital Corp | 2.259 | 03/25/28 | 3,126,451 | |||||||||||||
| 175 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 8,200,000 | BAT Capital Corp | 4.906 | % | 04/02/30 | $ | 9,389,082 | ||||||||||
| 24,660,000 | BAT Capital Corp | 2.726 | 03/25/31 | 24,284,324 | |||||||||||||
| 4,900,000 | BAT Capital Corp | 3.984 | 09/25/50 | 4,713,502 | |||||||||||||
| 1,575,000 | g | Bidvest Group Ltd | 3.625 | 09/23/26 | 1,573,441 | ||||||||||||
| 1,775,000 | g | BRF S.A. | 4.875 | 01/24/30 | 1,777,219 | ||||||||||||
| 2,500,000 | g | BRF S.A. | 5.750 | 09/21/50 | 2,396,750 | ||||||||||||
| 750,000 | Constellation Brands, Inc | 4.400 | 11/15/25 | 839,891 | |||||||||||||
| 2,775,000 | Constellation Brands, Inc | 3.700 | 12/06/26 | 3,056,107 | |||||||||||||
| 1,150,000 | Constellation Brands, Inc | 3.150 | 08/01/29 | 1,229,762 | |||||||||||||
| 4,540,000 | Constellation Brands, Inc | 2.875 | 05/01/30 | 4,722,705 | |||||||||||||
| 13,700,000 | Constellation Brands, Inc | 2.250 | 08/01/31 | 13,480,470 | |||||||||||||
| 2,750,000 | Diageo Capital plc | 2.125 | 10/24/24 | 2,866,153 | |||||||||||||
| 2,320,000 | Diageo Capital plc | 1.375 | 09/29/25 | 2,346,237 | |||||||||||||
| 4,075,000 | Diageo Capital plc | 2.375 | 10/24/29 | 4,195,383 | |||||||||||||
| 1,950,000 | Diageo Capital plc | 2.000 | 04/29/30 | 1,942,439 | |||||||||||||
| 1,875,000 | g | Embotelladora Andina S.A. | 3.950 | 01/21/50 | 1,980,487 | ||||||||||||
| 625,000 | General Mills, Inc | 2.875 | 04/15/30 | 656,901 | |||||||||||||
| 2,000,000 | g | Grupo Bimbo SAB de C.V. | 4.700 | 11/10/47 | 2,366,260 | ||||||||||||
| 2,525,000 | J M Smucker Co | 2.125 | 03/15/32 | 2,464,723 | |||||||||||||
| 2,200,000 | g | Kernel Holding S.A. | 6.500 | 10/17/24 | 2,321,710 | ||||||||||||
| 5,000,000 | Kraft Heinz Foods Co | 3.875 | 05/15/27 | 5,459,564 | |||||||||||||
| 2,000,000 | g | NBM US Holdings, Inc | 6.625 | 08/06/29 | 2,196,020 | ||||||||||||
| 11,350,000 | PepsiCo, Inc | 1.625 | 05/01/30 | 11,119,770 | |||||||||||||
| 200,000 | Philip Morris International, Inc | 6.375 | 05/16/38 | 280,520 | |||||||||||||
| 760,000 | Philip Morris International, Inc | 3.875 | 08/21/42 | 824,558 | |||||||||||||
| 2,025,000 | g | Post Holdings, Inc | 4.625 | 04/15/30 | 2,040,653 | ||||||||||||
| 5,500,000 | g | Primo Water Holdings, Inc | 4.375 | 04/30/29 | 5,485,425 | ||||||||||||
| 5,250,000 | g | Sigma Alimentos S.A. de C.V. | 4.125 | 05/02/26 | 5,733,158 | ||||||||||||
| 6,325,000 | g | Ulker Biskuvi Sanayi AS. | 6.950 | 10/30/25 | 6,703,996 | ||||||||||||
| TOTAL FOOD, BEVERAGE & TOBACCO | 160,724,880 | ||||||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES - 1.7% | |||||||||||||||||
| 1,200,000 | Abbott Laboratories | 5.300 | 05/27/40 | 1,640,317 | |||||||||||||
| 980,000 | Advocate Health & Hospitals Corp | 3.008 | 06/15/50 | 1,005,271 | |||||||||||||
| 630,000 | Anthem, Inc | 3.125 | 05/15/22 | 640,824 | |||||||||||||
| 5,460,000 | Anthem, Inc | 2.250 | 05/15/30 | 5,478,931 | |||||||||||||
| 3,700,000 | Anthem, Inc | 2.550 | 03/15/31 | 3,802,760 | |||||||||||||
| 2,550,000 | Becton Dickinson & Co | 2.823 | 05/20/30 | 2,671,944 | |||||||||||||
| 2,100,000 | Boston Scientific Corp | 2.650 | 06/01/30 | 2,167,132 | |||||||||||||
| 1,750,000 | Centene Corp | 4.250 | 12/15/27 | 1,831,637 | |||||||||||||
| 1,640,000 | Centene Corp | 2.450 | 07/15/28 | 1,648,200 | |||||||||||||
| 8,310,000 | Centene Corp | 3.000 | 10/15/30 | 8,517,750 | |||||||||||||
| 1,800,000 | Children’s Hospital Medic | 4.268 | 05/15/44 | 2,218,037 | |||||||||||||
| 2,700,000 | Cigna Corp | 2.400 | 03/15/30 | 2,744,793 | |||||||||||||
| 2,550,000 | Cigna Corp | 3.200 | 03/15/40 | 2,625,983 | |||||||||||||
| 680,000 | CVS Health Corp | 3.700 | 03/09/23 | 710,082 | |||||||||||||
| 495,000 | CVS Health Corp | 3.875 | 07/20/25 | 541,931 | |||||||||||||
| 4,600,000 | CVS Health Corp | 3.625 | 04/01/27 | 5,065,993 | |||||||||||||
| 11,250,000 | CVS Health Corp | 3.750 | 04/01/30 | 12,498,222 | |||||||||||||
| 27,225,000 | CVS Health Corp | 1.750 | 08/21/30 | 26,095,583 | |||||||||||||
| 9,180,000 | CVS Health Corp | 1.875 | 02/28/31 | 8,868,607 | |||||||||||||
| 2,250,000 | CVS Health Corp | 4.780 | 03/25/38 | 2,758,820 | |||||||||||||
| 3,635,000 | CVS Health Corp | 2.700 | 08/21/40 | 3,468,665 | |||||||||||||
| 4,750,000 | CVS Health Corp | 5.050 | 03/25/48 | 6,114,211 | |||||||||||||
| 176 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,900,000 | CVS Health Corp | 4.250 | % | 04/01/50 | $ | 2,237,324 | ||||||||||
| 1,370,000 | Dartmouth-Hitchcock Health | 4.178 | 08/01/48 | 1,603,763 | |||||||||||||
| 1,800,000 | g | DaVita, Inc | 4.625 | 06/01/30 | 1,851,499 | ||||||||||||
| 4,300,000 | g | DaVita, Inc | 3.750 | 02/15/31 | 4,187,125 | ||||||||||||
| 980,000 | Hackensack Meridian Health, Inc | 2.875 | 09/01/50 | 972,078 | |||||||||||||
| 1,000,000 | HCA, Inc | 5.375 | 02/01/25 | 1,117,500 | |||||||||||||
| 2,815,000 | HCA, Inc | 5.625 | 09/01/28 | 3,349,005 | |||||||||||||
| 5,000,000 | HCA, Inc | 3.500 | 09/01/30 | 5,296,950 | |||||||||||||
| 1,900,000 | HCA, Inc | 5.500 | 06/15/47 | 2,463,835 | |||||||||||||
| 3,500,000 | g | Hologic, Inc | 3.250 | 02/15/29 | 3,501,662 | ||||||||||||
| 1,875,000 | Humana, Inc | 3.950 | 03/15/27 | 2,091,813 | |||||||||||||
| 10,100,000 | Humana, Inc | 2.150 | 02/03/32 | 9,866,413 | |||||||||||||
| 3,490,000 | g | LifePoint Health, Inc | 4.375 | 02/15/27 | 3,481,275 | ||||||||||||
| 1,135,000 | g,h | Mozart Debt Merger Sub, Inc | 3.875 | 04/01/29 | 1,135,000 | ||||||||||||
| 275,000 | g,h | Mozart Debt Merger Sub, Inc | 5.250 | 10/01/29 | 275,000 | ||||||||||||
| 1,850,000 | g | MPH Acquisition Holdings LLC | 5.500 | 09/01/28 | 1,844,912 | ||||||||||||
| 1,850,000 | e,g | MPH Acquisition Holdings LLC | 5.750 | 11/01/28 | 1,742,663 | ||||||||||||
| 3,375,000 | MPT Operating Partnership LP | 3.500 | 03/15/31 | 3,442,500 | |||||||||||||
| 340,000 | Tenet Healthcare Corp | 4.625 | 07/15/24 | 345,100 | |||||||||||||
| 225,000 | g | Tenet Healthcare Corp | 4.625 | 06/15/28 | 233,136 | ||||||||||||
| 5,400,000 | g | Tenet Healthcare Corp | 6.125 | 10/01/28 | 5,672,565 | ||||||||||||
| 2,500,000 | g | Tenet Healthcare Corp | 4.250 | 06/01/29 | 2,537,500 | ||||||||||||
| 1,525,000 | UnitedHealth Group, Inc | 2.950 | 10/15/27 | 1,656,118 | |||||||||||||
| 3,700,000 | UnitedHealth Group, Inc | 2.000 | 05/15/30 | 3,710,315 | |||||||||||||
| 9,825,000 | UnitedHealth Group, Inc | 2.300 | 05/15/31 | 10,024,363 | |||||||||||||
| 1,375,000 | UnitedHealth Group, Inc | 3.750 | 10/15/47 | 1,570,078 | |||||||||||||
| 750,000 | Zimmer Biomet Holdings, Inc | 3.700 | 03/19/23 | 782,412 | |||||||||||||
| 1,470,000 | Zimmer Biomet Holdings, Inc | 3.550 | 04/01/25 | 1,580,263 | |||||||||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES | 181,687,860 | ||||||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 0.0% | |||||||||||||||||
| 2,250,000 | g | Natura Cosmeticos S.A. | 4.125 | 05/03/28 | 2,277,563 | ||||||||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 2,277,563 | ||||||||||||||||
| INSURANCE - 1.4% | |||||||||||||||||
| 1,550,000 | g | Acrisure LLC | 4.250 | 02/15/29 | 1,532,563 | ||||||||||||
| 285,000 | Aetna, Inc | 6.625 | 06/15/36 | 411,772 | |||||||||||||
| 131,000 | Aflac, Inc | 6.450 | 08/15/40 | 186,975 | |||||||||||||
| 1,025,000 | g | AIA Group Ltd | 3.200 | 03/11/25 | 1,084,470 | ||||||||||||
| 3,000,000 | g | AIA Group Ltd | 3.600 | 04/09/29 | 3,285,141 | ||||||||||||
| 825,000 | g | Alliant Holdings Intermediate LLC | 4.250 | 10/15/27 | 833,250 | ||||||||||||
| 975,000 | American Financial Group, Inc | 3.500 | 08/15/26 | 1,064,030 | |||||||||||||
| 620,000 | American International Group, Inc | 3.750 | 07/10/25 | 674,883 | |||||||||||||
| 325,000 | g | AmWINS Group, Inc | 4.875 | 06/30/29 | 329,566 | ||||||||||||
| 11,160,000 | Aon Corp | 2.800 | 05/15/30 | 11,658,323 | |||||||||||||
| 2,790,000 | Aon plc | 3.500 | 06/14/24 | 2,978,411 | |||||||||||||
| 4,500,000 | AXIS Specialty Finance LLC | 4.900 | 01/15/40 | 4,796,248 | |||||||||||||
| 1,150,000 | Berkshire Hathaway Finance Corp | 1.850 | 03/12/30 | 1,144,920 | |||||||||||||
| 1,500,000 | Berkshire Hathaway Finance Corp | 4.250 | 01/15/49 | 1,828,659 | |||||||||||||
| 9,950,000 | Berkshire Hathaway Finance Corp | 2.850 | 10/15/50 | 9,805,428 | |||||||||||||
| 1,100,000 | CNA Financial Corp | 3.950 | 05/15/24 | 1,182,172 | |||||||||||||
| 1,750,000 | CNA Financial Corp | 2.050 | 08/15/30 | 1,715,069 | |||||||||||||
| 925,000 | g | Equitable Financial Life Global Funding | 1.400 | 07/07/25 | 930,617 | ||||||||||||
| 177 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 870,000 | g | Equitable Financial Life Global Funding | 1.800 | % | 03/08/28 | $ | 864,409 | |||||||||
| 2,300,000 | g | Five Corners Funding Trust | 4.419 | 11/15/23 | 2,483,619 | ||||||||||||
| 11,020,000 | g | Five Corners Funding Trust II | 2.850 | 05/15/30 | 11,519,098 | ||||||||||||
| 15,431,000 | Hartford Financial Services Group, Inc | 2.800 | 08/19/29 | 16,125,138 | |||||||||||||
| 350,000 | Hartford Financial Services Group, Inc | 4.300 | 04/15/43 | 413,970 | |||||||||||||
| 1,400,000 | Hartford Financial Services Group, Inc | 2.900 | 09/15/51 | 1,350,313 | |||||||||||||
| 1,450,000 | g | Liberty Mutual Group, Inc | 3.951 | 10/15/50 | 1,609,192 | ||||||||||||
| 1,400,000 | Marsh & McLennan Cos, Inc | 3.500 | 06/03/24 | 1,493,846 | |||||||||||||
| 600,000 | MetLife, Inc | 3.000 | 03/01/25 | 639,087 | |||||||||||||
| 1,775,000 | MetLife, Inc | 3.600 | 11/13/25 | 1,941,938 | |||||||||||||
| 8,870,000 | MetLife, Inc | 3.850 | N/A‡ | 9,269,150 | |||||||||||||
| 1,550,000 | g | Metropolitan Life Global Funding I | 2.950 | 04/09/30 | 1,657,452 | ||||||||||||
| 10,175,000 | PartnerRe Finance B LLC | 4.500 | 10/01/50 | 10,728,922 | |||||||||||||
| 3,500,000 | Principal Financial Group, Inc | 2.125 | 06/15/30 | 3,466,846 | |||||||||||||
| 3,700,000 | g | Protective Life Global Funding | 0.781 | 07/05/24 | 3,701,757 | ||||||||||||
| 2,320,000 | g | Protective Life Global Funding | 1.737 | 09/21/30 | 2,250,328 | ||||||||||||
| 2,000,000 | Prudential Financial, Inc | 3.905 | 12/07/47 | 2,318,553 | |||||||||||||
| 5,220,000 | Prudential Financial, Inc | 3.700 | 10/01/50 | 5,440,249 | |||||||||||||
| 1,190,000 | g | Prudential Funding LLC | 6.750 | 09/15/23 | 1,320,519 | ||||||||||||
| 2,220,000 | Reinsurance Group of America, Inc | 3.900 | 05/15/29 | 2,480,146 | |||||||||||||
| 525,000 | g | Swiss Re Treasury US Corp | 4.250 | 12/06/42 | 639,435 | ||||||||||||
| 6,250,000 | g,i | Vitality Re IX Ltd | U.S. Treasury Bill 3 M + 1.600% | 1.633 | 01/10/22 | 6,203,125 | |||||||||||
| 2,200,000 | g,i | Vitality Re X Ltd | U.S. Treasury Bill 3 M + 1.750% | 1.778 | 01/10/23 | 2,161,500 | |||||||||||
| 6,500,000 | Voya Financial, Inc | 5.650 | 05/15/53 | 6,857,500 | |||||||||||||
| 365,000 | Willis North America, Inc | 3.600 | 05/15/24 | 389,385 | |||||||||||||
| TOTAL INSURANCE | 142,767,974 | ||||||||||||||||
| MATERIALS - 1.7% | |||||||||||||||||
| 1,625,000 | g | Alpek SAB de C.V. | 4.250 | 09/18/29 | 1,741,837 | ||||||||||||
| 1,325,000 | g | Alpek SAB de C.V. | 3.250 | 02/25/31 | 1,338,263 | ||||||||||||
| 9,185,000 | Amcor Flexibles North America, Inc | 2.690 | 05/25/31 | 9,423,410 | |||||||||||||
| 2,300,000 | g | Anglo American Capital plc | 2.625 | 09/10/30 | 2,284,614 | ||||||||||||
| 7,125,000 | e | AngloGold Ashanti Holdings plc | 3.750 | 10/01/30 | 7,310,107 | ||||||||||||
| 1,778,000 | e,g | Antofagasta plc | 2.375 | 10/14/30 | 1,715,788 | ||||||||||||
| 3,225,000 | g | Ardagh Metal Packaging Finance USA LLC | 3.250 | 09/01/28 | 3,216,937 | ||||||||||||
| 2,900,000 | g | Ardagh Metal Packaging Finance USA LLC | 4.000 | 09/01/29 | 2,932,625 | ||||||||||||
| 1,850,000 | Ball Corp | 2.875 | 08/15/30 | 1,795,656 | |||||||||||||
| 370,000 | Bemis Co, Inc | 3.100 | 09/15/26 | 393,405 | |||||||||||||
| 925,000 | Bemis Co, Inc | 2.630 | 06/19/30 | 944,475 | |||||||||||||
| 10,105,000 | g | Berry Global, Inc | 1.570 | 01/15/26 | 10,102,373 | ||||||||||||
| 6,100,000 | g | Berry Global, Inc | 1.650 | 01/15/27 | 6,023,201 | ||||||||||||
| 2,950,000 | g | Berry Global, Inc | 5.625 | 07/15/27 | 3,117,294 | ||||||||||||
| 2,500,000 | g | Celulosa Arauco y Constitucion S.A. | 4.250 | 04/30/29 | 2,689,875 | ||||||||||||
| 1,325,000 | g | Celulosa Arauco y Constitucion S.A. | 4.200 | 01/29/30 | 1,427,688 | ||||||||||||
| 675,000 | g | Cemex SAB de C.V. | 7.375 | 06/05/27 | 747,725 | ||||||||||||
| 2,325,000 | g | Cemex SAB de C.V. | 5.450 | 11/19/29 | 2,519,719 | ||||||||||||
| 2,925,000 | g | Cemex SAB de C.V. | 3.875 | 07/11/31 | 2,926,755 | ||||||||||||
| 1,775,000 | g | Cemex SAB de C.V. | 5.125 | N/A‡ | 1,807,855 | ||||||||||||
| 877,000 | g | Cleveland-Cliffs, Inc | 9.875 | 10/17/25 | 1,006,358 | ||||||||||||
| 2,725,000 | g | Constellium SE | 3.750 | 04/15/29 | 2,653,932 | ||||||||||||
| 1,750,000 | g | Corp Nacional del Cobre de Chile | 3.625 | 08/01/27 | 1,876,123 | ||||||||||||
| 3,000,000 | g | Corp Nacional del Cobre de Chile | 3.000 | 09/30/29 | 3,065,694 | ||||||||||||
| 178 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,000,000 | g | Corp Nacional del Cobre de Chile | 3.150 | % | 01/14/30 | $ | 2,064,040 | |||||||||
| 1,500,000 | g | Corp Nacional del Cobre de Chile | 3.150 | 01/15/51 | 1,380,501 | ||||||||||||
| 1,000,000 | g | Corp Nacional del Cobre de Chile-CODELCO | 3.700 | 01/30/50 | 1,012,610 | ||||||||||||
| 265,000 | DowDuPont, Inc | 4.493 | 11/15/25 | 297,970 | |||||||||||||
| 1,140,000 | DowDuPont, Inc | 4.725 | 11/15/28 | 1,340,563 | |||||||||||||
| 4,000,000 | g | First Quantum Minerals Ltd | 6.875 | 10/15/27 | 4,230,000 | ||||||||||||
| 2,400,000 | Freeport-McMoRan, Inc | 5.450 | 03/15/43 | 2,955,000 | |||||||||||||
| 2,000,000 | g | Fresnillo plc | 4.250 | 10/02/50 | 2,072,520 | ||||||||||||
| 1,250,000 | g | Gold Fields Orogen Holdings BVI Ltd | 6.125 | 05/15/29 | 1,465,625 | ||||||||||||
| 1,275,000 | International Paper Co | 5.000 | 09/15/35 | 1,577,718 | |||||||||||||
| 3,500,000 | International Paper Co | 5.150 | 05/15/46 | 4,589,946 | |||||||||||||
| 187,000 | International Paper Co | 4.350 | 08/15/48 | 228,898 | |||||||||||||
| 409,000 | Inversiones CMPC S.A. | 4.375 | 04/04/27 | 451,331 | |||||||||||||
| 3,000,000 | g | Inversiones CMPC S.A. | 4.375 | 04/04/27 | 3,310,500 | ||||||||||||
| 775,000 | g | Inversiones CMPC S.A. | 3.850 | 01/13/30 | 819,563 | ||||||||||||
| 4,900,000 | g | Inversiones CMPC S.A. | 3.000 | 04/06/31 | 4,863,985 | ||||||||||||
| 675,000 | g | James Hardie International Finance DAC | 5.000 | 01/15/28 | 708,750 | ||||||||||||
| 2,000,000 | g | Klabin Austria GmbH | 5.750 | 04/03/29 | 2,236,600 | ||||||||||||
| 1,200,000 | g | Klabin Finance S.A. | 4.875 | 09/19/27 | 1,318,512 | ||||||||||||
| 1,750,000 | g | MEGlobal Canada ULC | 5.000 | 05/18/25 | 1,932,000 | ||||||||||||
| 2,700,000 | g | Midwest Connector Capital Co LLC | 3.900 | 04/01/24 | 2,823,852 | ||||||||||||
| 2,700,000 | g | Midwest Connector Capital Co LLC | 4.625 | 04/01/29 | 2,902,274 | ||||||||||||
| 1,600,000 | Mosaic Co | 4.875 | 11/15/41 | 1,898,014 | |||||||||||||
| 2,470,000 | Newmont Corp | 2.250 | 10/01/30 | 2,457,002 | |||||||||||||
| 2,900,000 | g | Nova Chemicals Corp | 4.875 | 06/01/24 | 3,030,500 | ||||||||||||
| 1,725,000 | Nutrien Ltd | 3.375 | 03/15/25 | 1,847,751 | |||||||||||||
| 6,350,000 | Nutrien Ltd | 2.950 | 05/13/30 | 6,703,377 | |||||||||||||
| 1,800,000 | g | OCI NV | 5.250 | 11/01/24 | 1,851,480 | ||||||||||||
| 2,137,000 | g | OCI NV | 4.625 | 10/15/25 | 2,243,850 | ||||||||||||
| 1,600,000 | g | OCP S.A. | 3.750 | 06/23/31 | 1,595,699 | ||||||||||||
| 3,862,000 | g | Orbia Advance Corp SAB de C.V. | 1.875 | 05/11/26 | 3,868,334 | ||||||||||||
| 720,000 | g | Owens-Brockway Glass Container, Inc | 5.875 | 08/15/23 | 761,400 | ||||||||||||
| 480,000 | Packaging Corp of America | 3.650 | 09/15/24 | 515,718 | |||||||||||||
| 375,000 | g | PolyOne Corp | 5.750 | 05/15/25 | 395,156 | ||||||||||||
| 2,050,000 | g | SABIC Capital II BV | 4.000 | 10/10/23 | 2,178,602 | ||||||||||||
| 1,475,000 | Sasol Financing USA LLC | 5.875 | 03/27/24 | 1,554,650 | |||||||||||||
| 2,250,000 | Sasol Financing USA LLC | 4.375 | 09/18/26 | 2,282,738 | |||||||||||||
| 2,000,000 | g | Sociedad Quimica y Minera de Chile S.A. | 4.250 | 05/07/29 | 2,252,520 | ||||||||||||
| 4,500,000 | g | Sociedad Quimica y Minera de Chile S.A. | 3.500 | 09/10/51 | 4,338,000 | ||||||||||||
| 754,000 | g | Suzano Austria GmbH | 5.750 | 07/14/26 | 873,320 | ||||||||||||
| 2,400,000 | Suzano Austria GmbH | 3.750 | 01/15/31 | 2,465,400 | |||||||||||||
| 5,000,000 | Suzano Austria GmbH | 3.125 | 01/15/32 | 4,828,750 | |||||||||||||
| 4,070,000 | g | Tronox, Inc | 4.625 | 03/15/29 | 4,049,650 | ||||||||||||
| 3,675,000 | g | UltraTech Cement Ltd | 2.800 | 02/16/31 | 3,534,358 | ||||||||||||
| 440,000 | g | Unifrax Escrow Issuer Corp | 5.250 | 09/30/28 | 445,500 | ||||||||||||
| 435,000 | g | Unifrax Escrow Issuer Corp | 7.500 | 09/30/29 | 445,775 | ||||||||||||
| 800,000 | g | WR Grace Holdings LLC | 5.625 | 08/15/29 | 824,008 | ||||||||||||
| 7,990,000 | WRKCo, Inc | 4.900 | 03/15/29 | 9,447,807 | |||||||||||||
| TOTAL MATERIALS | 184,333,826 | ||||||||||||||||
| MEDIA & ENTERTAINMENT - 2.6% | |||||||||||||||||
| 2,675,000 | Activision Blizzard, Inc | 3.400 | 09/15/26 | 2,913,481 | |||||||||||||
| 1,850,000 | Activision Blizzard, Inc | 1.350 | 09/15/30 | 1,714,574 | |||||||||||||
| 179 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 6,850,000 | Agree LP | 2.000 | % | 06/15/28 | $ | 6,791,636 | ||||||||||
| 4,800,000 | g | Alfa Desarrollo S.p.A | 4.550 | 09/27/51 | 4,682,400 | ||||||||||||
| 3,315,000 | g | Arches Buyer, Inc | 4.250 | 06/01/28 | 3,361,029 | ||||||||||||
| 4,900,000 | AstraZeneca Finance LLC | 1.200 | 05/28/26 | 4,901,237 | |||||||||||||
| 1,050,000 | AstraZeneca Finance LLC | 2.250 | 05/28/31 | 1,066,499 | |||||||||||||
| 1,275,000 | Baidu, Inc | 4.375 | 05/14/24 | 1,379,008 | |||||||||||||
| 2,030,000 | Baidu, Inc | 1.625 | 02/23/27 | 2,003,904 | |||||||||||||
| 1,650,000 | g | Banco Nacional de Panama | 2.500 | 08/11/30 | 1,582,350 | ||||||||||||
| 4,100,000 | g | BOC Aviation USA Corp | 1.625 | 04/29/24 | 4,131,506 | ||||||||||||
| 1,575,000 | g | Cable Onda S.A. | 4.500 | 01/30/30 | 1,652,175 | ||||||||||||
| 4,900,000 | g | CCO Holdings LLC | 5.125 | 05/01/27 | 5,102,419 | ||||||||||||
| 2,500,000 | g | CCO Holdings LLC | 4.500 | 08/15/30 | 2,579,300 | ||||||||||||
| 5,000,000 | g | CCO Holdings LLC | 4.250 | 02/01/31 | 5,086,750 | ||||||||||||
| 4,725,000 | h | Charter Communications Operating LLC | 2.250 | 01/15/29 | 4,721,281 | ||||||||||||
| 4,000,000 | Charter Communications Operating LLC | 2.800 | 04/01/31 | 4,009,035 | |||||||||||||
| 5,000,000 | h | Charter Communications Operating LLC | 3.500 | 03/01/42 | 4,892,110 | ||||||||||||
| 2,400,000 | Charter Communications Operating LLC | 5.125 | 07/01/49 | 2,822,994 | |||||||||||||
| 15,750,000 | Charter Communications Operating LLC | 4.800 | 03/01/50 | 17,674,733 | |||||||||||||
| 9,680,000 | Charter Communications Operating LLC | 3.700 | 04/01/51 | 9,424,678 | |||||||||||||
| 13,450,000 | Comcast Corp | 2.350 | 01/15/27 | 14,107,184 | |||||||||||||
| 3,700,000 | Comcast Corp | 4.150 | 10/15/28 | 4,255,128 | |||||||||||||
| 7,575,000 | Comcast Corp | 1.500 | 02/15/31 | 7,190,687 | |||||||||||||
| 4,525,000 | Comcast Corp | 3.200 | 07/15/36 | 4,819,417 | |||||||||||||
| 1,000,000 | Comcast Corp | 3.900 | 03/01/38 | 1,135,540 | |||||||||||||
| 20,180,000 | Comcast Corp | 2.800 | 01/15/51 | 19,101,163 | |||||||||||||
| 1,253,000 | g | Comcast Corp | 2.887 | 11/01/51 | 1,201,850 | ||||||||||||
| 10,186,000 | g | Comcast Corp | 2.937 | 11/01/56 | 9,621,552 | ||||||||||||
| 4,100,000 | g | CSC Holdings LLC | 5.500 | 04/15/27 | 4,268,510 | ||||||||||||
| 1,500,000 | g | CSC Holdings LLC | 7.500 | 04/01/28 | 1,621,166 | ||||||||||||
| 5,000,000 | g | CSC Holdings LLC | 3.375 | 02/15/31 | 4,650,000 | ||||||||||||
| 985,000 | g | DIRECTV Holdings LLC | 5.875 | 08/15/27 | 1,028,094 | ||||||||||||
| 656,000 | Discovery Communications LLC | 2.950 | 03/20/23 | 678,640 | |||||||||||||
| 5,215,000 | Discovery Communications LLC | 3.625 | 05/15/30 | 5,655,744 | |||||||||||||
| 760,000 | Discovery Communications LLC | 4.875 | 04/01/43 | 910,075 | |||||||||||||
| 3,500,000 | Discovery Communications LLC | 5.200 | 09/20/47 | 4,360,716 | |||||||||||||
| 1,450,000 | DISH DBS Corp | 5.000 | 03/15/23 | 1,502,563 | |||||||||||||
| 1,000,000 | DISH DBS Corp | 7.750 | 07/01/26 | 1,129,225 | |||||||||||||
| 1,300,000 | g | Electricidad Firme de Mexico Holdings S.A. de C.V. | 4.900 | 11/20/26 | 1,296,529 | ||||||||||||
| 2,500,000 | g | Empresa de los Ferrocarriles del Estado | 3.068 | 08/18/50 | 2,200,500 | ||||||||||||
| 2,375,000 | g | ENN Clean Energy International Investment Ltd | 3.375 | 05/12/26 | 2,393,031 | ||||||||||||
| 5,500,000 | g | Genm Capital Labuan Ltd | 3.882 | 04/19/31 | 5,442,440 | ||||||||||||
| 2,985,000 | Grupo Televisa SAB | 6.625 | 01/15/40 | 4,140,427 | |||||||||||||
| 675,000 | g | Interchile S.A. | 4.500 | 06/30/56 | 704,700 | ||||||||||||
| 650,000 | Lamar Media Corp | 3.750 | 02/15/28 | 668,577 | |||||||||||||
| 2,000,000 | Lamar Media Corp | 4.875 | 01/15/29 | 2,120,000 | |||||||||||||
| 1,000,000 | Lamar Media Corp | 4.000 | 02/15/30 | 1,029,500 | |||||||||||||
| 1,675,000 | Lamar Media Corp | 3.625 | 01/15/31 | 1,675,000 | |||||||||||||
| 1,275,000 | g | LCPR Senior Secured Financing DAC | 5.125 | 07/15/29 | 1,313,186 | ||||||||||||
| 6,900,000 | g | LUKOIL Securities BV | 3.875 | 05/06/30 | 7,253,970 | ||||||||||||
| 1,200,000 | MDGH-GMTN BV | 2.500 | 05/21/26 | 1,252,892 | |||||||||||||
| 3,000,000 | g | Medco Bell Pte Ltd | 6.375 | 01/30/27 | 3,026,250 | ||||||||||||
| 2,645,000 | g | Mexico Remittances Funding Fiduciary Estate Management Sarl | 4.875 | 01/15/28 | 2,611,964 | ||||||||||||
| 180 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 825,000 | g | News Corp | 3.875 | % | 05/15/29 | $ | 847,688 | |||||||||
| 8,000,000 | Omnicom Group, Inc | 2.600 | 08/01/31 | 8,134,043 | |||||||||||||
| 2,725,000 | g | Sirius XM Radio, Inc | 4.000 | 07/15/28 | 2,770,984 | ||||||||||||
| 1,575,000 | g | Sirius XM Radio, Inc | 4.125 | 07/01/30 | 1,582,304 | ||||||||||||
| 750,000 | g | TEGNA, Inc | 4.750 | 03/15/26 | 782,344 | ||||||||||||
| 500,000 | TEGNA, Inc | 4.625 | 03/15/28 | 511,175 | |||||||||||||
| 768,000 | e | Tencent Holdings Ltd | 2.985 | 01/19/23 | 788,429 | ||||||||||||
| 250,000 | Time Warner Cable LLC | 5.875 | 11/15/40 | 315,350 | |||||||||||||
| 1,275,000 | g | Univision Communications, Inc | 4.500 | 05/01/29 | 1,295,719 | ||||||||||||
| 1,100,000 | ViacomCBS, Inc | 2.900 | 01/15/27 | 1,168,617 | |||||||||||||
| 800,000 | ViacomCBS, Inc | 3.375 | 02/15/28 | 873,484 | |||||||||||||
| 1,770,000 | ViacomCBS, Inc | 4.375 | 03/15/43 | 2,024,809 | |||||||||||||
| 200,000 | ViacomCBS, Inc | 5.850 | 09/01/43 | 272,555 | |||||||||||||
| 4,500,000 | Walt Disney Co | 3.000 | 09/15/22 | 4,616,933 | |||||||||||||
| 110,000 | Walt Disney Co | 7.625 | 11/30/28 | 150,526 | |||||||||||||
| 23,525,000 | Walt Disney Co | 2.000 | 09/01/29 | 23,736,720 | |||||||||||||
| 85,000 | Walt Disney Co | 6.550 | 03/15/33 | 119,264 | |||||||||||||
| 3,000,000 | Weibo Corp | 3.500 | 07/05/24 | 3,125,157 | |||||||||||||
| 2,325,000 | Weibo Corp | 3.375 | 07/08/30 | 2,321,582 | |||||||||||||
| TOTAL MEDIA & ENTERTAINMENT | 272,297,002 | ||||||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.4% | |||||||||||||||||
| 1,550,000 | AbbVie, Inc | 2.850 | 05/14/23 | 1,603,539 | |||||||||||||
| 12,900,000 | AbbVie, Inc | 3.800 | 03/15/25 | 14,007,499 | |||||||||||||
| 11,400,000 | AbbVie, Inc | 2.950 | 11/21/26 | 12,211,065 | |||||||||||||
| 11,950,000 | AbbVie, Inc | 3.200 | 11/21/29 | 12,876,258 | |||||||||||||
| 6,500,000 | AbbVie, Inc | 4.050 | 11/21/39 | 7,469,856 | |||||||||||||
| 2,072,000 | AbbVie, Inc | 4.400 | 11/06/42 | 2,475,173 | |||||||||||||
| 1,360,000 | AbbVie, Inc | 4.450 | 05/14/46 | 1,638,856 | |||||||||||||
| 11,350,000 | AbbVie, Inc | 4.250 | 11/21/49 | 13,443,540 | |||||||||||||
| 2,350,000 | Amgen, Inc | 2.000 | 01/15/32 | 2,259,931 | |||||||||||||
| 1,775,000 | AstraZeneca plc | 3.125 | 06/12/27 | 1,932,892 | |||||||||||||
| 5,000,000 | AstraZeneca plc | 1.375 | 08/06/30 | 4,758,105 | |||||||||||||
| 1,500,000 | g | Avantor Funding, Inc | 4.625 | 07/15/28 | 1,578,750 | ||||||||||||
| 1,021,000 | Bristol-Myers Squibb Co | 2.900 | 07/26/24 | 1,084,037 | |||||||||||||
| 424,000 | Bristol-Myers Squibb Co | 3.875 | 08/15/25 | 467,563 | |||||||||||||
| 12,950,000 | Bristol-Myers Squibb Co | 3.400 | 07/26/29 | 14,352,883 | |||||||||||||
| 5,750,000 | Bristol-Myers Squibb Co | 1.450 | 11/13/30 | 5,513,230 | |||||||||||||
| 1,375,000 | Bristol-Myers Squibb Co | 2.550 | 11/13/50 | 1,291,060 | |||||||||||||
| 475,000 | g | Endo Luxembourg Finance Co I Sarl | 6.125 | 04/01/29 | 475,000 | ||||||||||||
| 1,850,000 | Gilead Sciences, Inc | 1.200 | 10/01/27 | 1,810,891 | |||||||||||||
| 980,000 | Gilead Sciences, Inc | 1.650 | 10/01/30 | 940,980 | |||||||||||||
| 635,000 | Gilead Sciences, Inc | 4.000 | 09/01/36 | 730,283 | |||||||||||||
| 5,830,000 | Gilead Sciences, Inc | 2.800 | 10/01/50 | 5,495,910 | |||||||||||||
| 100,000 | g | Jaguar Holding Co II | 4.625 | 06/15/25 | 103,875 | ||||||||||||
| 125,000 | g | Jaguar Holding Co II | 5.000 | 06/15/28 | 134,542 | ||||||||||||
| 725,000 | g | Jazz Securities DAC | 4.375 | 01/15/29 | 751,318 | ||||||||||||
| 1,250,000 | Johnson & Johnson | 3.400 | 01/15/38 | 1,403,855 | |||||||||||||
| 4,075,000 | Mylan, Inc | 4.550 | 04/15/28 | 4,651,147 | |||||||||||||
| 2,500,000 | g | Organon Finance LLC | 4.125 | 04/30/28 | 2,550,000 | ||||||||||||
| 5,650,000 | g | Organon Finance LLC | 5.125 | 04/30/31 | 5,934,478 | ||||||||||||
| 181 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 3,400,000 | Royalty Pharma plc | 2.150 | % | 09/02/31 | $ | 3,273,971 | ||||||||||
| 11,155,000 | Takeda Pharmaceutical Co Ltd | 2.050 | 03/31/30 | 10,980,034 | |||||||||||||
| 1,000,000 | Takeda Pharmaceutical Co Ltd | 3.025 | 07/09/40 | 1,015,302 | |||||||||||||
| 1,544,000 | Teva Pharmaceutical Finance Netherlands III BV | 2.800 | 07/21/23 | 1,534,798 | |||||||||||||
| 3,500,000 | Teva Pharmaceutical Finance Netherlands III BV | 3.150 | 10/01/26 | 3,351,250 | |||||||||||||
| 1,100,000 | Thermo Fisher Scientific, Inc | 2.000 | 10/15/31 | 1,076,185 | |||||||||||||
| 2,940,000 | g | Viatris, Inc | 1.650 | 06/22/25 | 2,969,420 | ||||||||||||
| 2,125,000 | g | Viatris, Inc | 2.700 | 06/22/30 | 2,148,161 | ||||||||||||
| 1,250,000 | g | Viatris, Inc | 3.850 | 06/22/40 | 1,340,623 | ||||||||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 151,636,260 | ||||||||||||||||
| REAL ESTATE - 2.2% | |||||||||||||||||
| 5,450,000 | Alexandria Real Estate Equities, Inc | 3.450 | 04/30/25 | 5,889,884 | |||||||||||||
| 450,000 | Alexandria Real Estate Equities, Inc | 3.950 | 01/15/27 | 500,848 | |||||||||||||
| 675,000 | Alexandria Real Estate Equities, Inc | 3.950 | 01/15/28 | 757,733 | |||||||||||||
| 2,775,000 | Alexandria Real Estate Equities, Inc | 4.900 | 12/15/30 | 3,356,554 | |||||||||||||
| 1,900,000 | Alexandria Real Estate Equities, Inc | 1.875 | 02/01/33 | 1,787,831 | |||||||||||||
| 1,450,000 | American Tower Corp | 3.000 | 06/15/23 | 1,509,723 | |||||||||||||
| 2,700,000 | American Tower Corp | 2.950 | 01/15/25 | 2,851,495 | |||||||||||||
| 600,000 | American Tower Corp | 3.375 | 10/15/26 | 649,262 | |||||||||||||
| 10,000,000 | American Tower Corp | 2.750 | 01/15/27 | 10,499,838 | |||||||||||||
| 1,200,000 | American Tower Corp | 3.600 | 01/15/28 | 1,306,473 | |||||||||||||
| 5,370,000 | American Tower Corp | 1.500 | 01/31/28 | 5,201,653 | |||||||||||||
| 5,800,000 | American Tower Corp | 3.800 | 08/15/29 | 6,431,605 | |||||||||||||
| 6,950,000 | American Tower Corp | 2.900 | 01/15/30 | 7,235,427 | |||||||||||||
| 5,025,000 | American Tower Corp | 1.875 | 10/15/30 | 4,825,824 | |||||||||||||
| 1,975,000 | Brandywine Operating Partnership LP | 3.950 | 02/15/23 | 2,048,700 | |||||||||||||
| 1,125,000 | Brandywine Operating Partnership LP | 4.100 | 10/01/24 | 1,212,236 | |||||||||||||
| 2,225,000 | Brixmor Operating Partnership LP | 3.850 | 02/01/25 | 2,405,227 | |||||||||||||
| 8,206,000 | Brixmor Operating Partnership LP | 2.250 | 04/01/28 | 8,275,926 | |||||||||||||
| 1,700,000 | Brixmor Operating Partnership LP | 2.500 | 08/16/31 | 1,674,957 | |||||||||||||
| 2,000,000 | Camden Property Trust | 4.250 | 01/15/24 | 2,138,822 | |||||||||||||
| 1,550,000 | Corporate Office Properties LP | 2.750 | 04/15/31 | 1,565,722 | |||||||||||||
| 400,000 | Crown Castle International Corp | 3.650 | 09/01/27 | 439,789 | |||||||||||||
| 7,625,000 | Crown Castle International Corp | 2.250 | 01/15/31 | 7,451,645 | |||||||||||||
| 5,845,000 | Crown Castle International Corp | 2.100 | 04/01/31 | 5,626,893 | |||||||||||||
| 3,384,000 | CubeSmart LP | 2.000 | 02/15/31 | 3,290,707 | |||||||||||||
| 1,525,000 | Digital Realty Trust LP | 3.600 | 07/01/29 | 1,668,471 | |||||||||||||
| 1,075,000 | Duke Realty LP | 2.875 | 11/15/29 | 1,132,591 | |||||||||||||
| 1,925,000 | Equinix, Inc | 2.150 | 07/15/30 | 1,887,822 | |||||||||||||
| 7,735,000 | Essential Properties LP | 2.950 | 07/15/31 | 7,775,396 | |||||||||||||
| 5,000,000 | Essex Portfolio LP | 3.875 | 05/01/24 | 5,347,886 | |||||||||||||
| 4,575,000 | Essex Portfolio LP | 3.000 | 01/15/30 | 4,823,121 | |||||||||||||
| 1,225,000 | Federal Realty Investment Trust | 1.250 | 02/15/26 | 1,214,488 | |||||||||||||
| 5,700,000 | GLP Capital LP | 5.300 | 01/15/29 | 6,664,218 | |||||||||||||
| 4,980,000 | g | HAT Holdings I LLC | 3.375 | 06/15/26 | 5,054,700 | ||||||||||||
| 1,675,000 | Healthcare Realty Trust, Inc | 3.875 | 05/01/25 | 1,805,069 | |||||||||||||
| 3,000,000 | e | Healthcare Realty Trust, Inc | 3.625 | 01/15/28 | 3,282,459 | ||||||||||||
| 1,660,000 | Healthcare Realty Trust, Inc | 2.400 | 03/15/30 | 1,665,840 | |||||||||||||
| 925,000 | Healthcare Realty Trust, Inc | 2.050 | 03/15/31 | 898,976 | |||||||||||||
| 4,125,000 | Healthcare Trust of America Holdings LP | 3.500 | 08/01/26 | 4,471,112 | |||||||||||||
| 8,465,000 | Healthcare Trust of America Holdings LP | 3.100 | 02/15/30 | 8,901,261 | |||||||||||||
| 182 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 7,500,000 | Highwoods Realty LP | 3.875 | % | 03/01/27 | $ | 8,293,202 | ||||||||||
| 1,025,000 | Highwoods Realty LP | 4.125 | 03/15/28 | 1,141,732 | |||||||||||||
| 1,350,000 | Highwoods Realty LP | 4.200 | 04/15/29 | 1,510,986 | |||||||||||||
| 8,010,000 | Highwoods Realty LP | 3.050 | 02/15/30 | 8,365,683 | |||||||||||||
| 4,105,000 | Highwoods Realty LP | 2.600 | 02/01/31 | 4,130,731 | |||||||||||||
| 1,225,000 | g | Howard Hughes Corp | 4.125 | 02/01/29 | 1,226,531 | ||||||||||||
| 1,300,000 | g | Howard Hughes Corp | 4.375 | 02/01/31 | 1,307,683 | ||||||||||||
| 835,000 | Hudson Pacific Properties LP | 3.950 | 11/01/27 | 913,363 | |||||||||||||
| 1,624,000 | Hudson Pacific Properties LP | 4.650 | 04/01/29 | 1,863,789 | |||||||||||||
| 1,500,000 | Hudson Pacific Properties LP | 3.250 | 01/15/30 | 1,574,454 | |||||||||||||
| 775,000 | iStar, Inc | 4.750 | 10/01/24 | 819,562 | |||||||||||||
| 1,400,000 | Kennedy-Wilson, Inc | 4.750 | 03/01/29 | 1,424,500 | |||||||||||||
| 1,475,000 | Kennedy-Wilson, Inc | 5.000 | 03/01/31 | 1,508,187 | |||||||||||||
| 980,000 | Kilroy Realty LP | 2.500 | 11/15/32 | 964,901 | |||||||||||||
| 1,660,000 | h | Life Storage LP | 2.200 | 10/15/30 | 1,646,043 | ||||||||||||
| 1,200,000 | Mid-America Apartments LP | 4.300 | 10/15/23 | 1,278,198 | |||||||||||||
| 1,200,000 | Mid-America Apartments LP | 3.750 | 06/15/24 | 1,286,739 | |||||||||||||
| 1,050,000 | Mid-America Apartments LP | 4.000 | 11/15/25 | 1,153,022 | |||||||||||||
| 7,350,000 | Mid-America Apartments LP | 2.750 | 03/15/30 | 7,644,998 | |||||||||||||
| 6,200,000 | Mid-America Apartments LP | 1.700 | 02/15/31 | 5,883,088 | |||||||||||||
| 1,700,000 | Mid-America Apartments LP | 2.875 | 09/15/51 | 1,642,214 | |||||||||||||
| 625,000 | National Retail Properties, Inc | 4.000 | 11/15/25 | 691,214 | |||||||||||||
| 1,850,000 | National Retail Properties, Inc | 3.600 | 12/15/26 | 2,012,211 | |||||||||||||
| 1,100,000 | Regency Centers LP | 3.900 | 11/01/25 | 1,197,267 | |||||||||||||
| 950,000 | Regency Centers LP | 3.600 | 02/01/27 | 1,046,481 | |||||||||||||
| 5,885,000 | Regency Centers LP | 2.950 | 09/15/29 | 6,173,962 | |||||||||||||
| 4,425,000 | Retail Properties of America, Inc | 4.750 | 09/15/30 | 4,866,289 | |||||||||||||
| 646,000 | SITE Centers Corp | 3.625 | 02/01/25 | 684,548 | |||||||||||||
| 2,000,000 | SITE Centers Corp | 4.250 | 02/01/26 | 2,164,368 | |||||||||||||
| 2,833,000 | SITE Centers Corp | 4.700 | 06/01/27 | 3,190,809 | |||||||||||||
| 2,000,000 | g | Trust F/1401 | 5.250 | 01/30/26 | 2,224,000 | ||||||||||||
| 1,925,000 | g | Uniti Group LP | 4.750 | 04/15/28 | 1,965,906 | ||||||||||||
| 400,000 | Weingarten Realty Investors | 3.375 | 10/15/22 | 408,721 | |||||||||||||
| 1,876,000 | Weingarten Realty Investors | 3.500 | 04/15/23 | 1,946,303 | |||||||||||||
| 475,000 | Weingarten Realty Investors | 4.450 | 01/15/24 | 507,246 | |||||||||||||
| 1,025,000 | Weingarten Realty Investors | 3.850 | 06/01/25 | 1,100,727 | |||||||||||||
| 700,000 | Weingarten Realty Investors | 3.250 | 08/15/26 | 744,725 | |||||||||||||
| TOTAL REAL ESTATE | 232,032,567 | ||||||||||||||||
| RETAILING - 0.8% | |||||||||||||||||
| 1,235,000 | Amazon.com, Inc | 2.500 | 06/03/50 | 1,156,642 | |||||||||||||
| 1,100,000 | AutoNation, Inc | 3.800 | 11/15/27 | 1,207,257 | |||||||||||||
| 980,000 | AutoNation, Inc | 1.950 | 08/01/28 | 966,339 | |||||||||||||
| 1,450,000 | AutoNation, Inc | 2.400 | 08/01/31 | 1,413,159 | |||||||||||||
| 3,275,000 | AutoZone, Inc | 1.650 | 01/15/31 | 3,110,821 | |||||||||||||
| 300,000 | Chevron USA, Inc | 3.900 | 11/15/24 | 327,562 | |||||||||||||
| 1,400,000 | Chevron USA, Inc | 3.850 | 01/15/28 | 1,580,752 | |||||||||||||
| 1,250,000 | Chevron USA, Inc | 5.050 | 11/15/44 | 1,663,315 | |||||||||||||
| 550,000 | g | Group 1 Automotive, Inc | 4.000 | 08/15/28 | 559,625 | ||||||||||||
| 520,000 | Home Depot, Inc | 2.625 | 06/01/22 | 527,266 | |||||||||||||
| 4,500,000 | g | JSM Global Sarl | 4.750 | 10/20/30 | 4,578,795 | ||||||||||||
| 925,000 | g | L Brands, Inc | 6.625 | 10/01/30 | 1,049,875 | ||||||||||||
| 850,000 | g | Lithia Motors, Inc | 4.625 | 12/15/27 | 894,625 | ||||||||||||
| 183 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 4,900,000 | g | Magic Mergeco, Inc | 5.250 | % | 05/01/28 | $ | 5,054,350 | |||||||||
| 437,000 | g | Myriad International Holdings BV | 4.850 | 07/06/27 | 495,603 | ||||||||||||
| 4,215,000 | O’Reilly Automotive, Inc | 3.550 | 03/15/26 | 4,618,286 | |||||||||||||
| 2,175,000 | O’Reilly Automotive, Inc | 3.600 | 09/01/27 | 2,417,135 | |||||||||||||
| 2,100,000 | O’Reilly Automotive, Inc | 4.200 | 04/01/30 | 2,406,477 | |||||||||||||
| 9,530,000 | O’Reilly Automotive, Inc | 1.750 | 03/15/31 | 9,129,671 | |||||||||||||
| 2,200,000 | g | Prosus NV | 3.680 | 01/21/30 | 2,282,413 | ||||||||||||
| 2,000,000 | g | Prosus NV | 3.832 | 02/08/51 | 1,820,461 | ||||||||||||
| 4,950,000 | g | Staples, Inc | 7.500 | 04/15/26 | 5,020,414 | ||||||||||||
| 9,765,000 | Target Corp | 2.350 | 02/15/30 | 10,106,923 | |||||||||||||
| 2,575,000 | g | Volkswagen Group of America Finance LLC | 1.625 | 11/24/27 | 2,547,478 | ||||||||||||
| 3,600,000 | e | Walmart, Inc | 1.050 | 09/17/26 | 3,599,146 | ||||||||||||
| 8,500,000 | Walmart, Inc | 1.800 | 09/22/31 | 8,426,985 | |||||||||||||
| 3,900,000 | Walmart, Inc | 2.500 | 09/22/41 | 3,883,028 | |||||||||||||
| TOTAL RETAILING | 80,844,403 | ||||||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.6% | |||||||||||||||||
| 4,032,000 | Broadcom, Inc | 4.150 | 11/15/30 | 4,467,346 | |||||||||||||
| 8,075,000 | g | Broadcom, Inc | 2.450 | 02/15/31 | 7,820,050 | ||||||||||||
| 3,920,000 | g | Broadcom, Inc | 3.419 | 04/15/33 | 4,057,873 | ||||||||||||
| 6,774,000 | g | Broadcom, Inc | 3.469 | 04/15/34 | 6,975,438 | ||||||||||||
| 218,000 | g | Broadcom, Inc | 3.187 | 11/15/36 | 217,367 | ||||||||||||
| 260,000 | Intel Corp | 3.150 | 05/11/27 | 283,875 | |||||||||||||
| 1,150,000 | Intel Corp | 3.734 | 12/08/47 | 1,282,916 | |||||||||||||
| 1,000,000 | Intel Corp | 3.200 | 08/12/61 | 1,005,336 | |||||||||||||
| 1,350,000 | Lam Research Corp | 3.750 | 03/15/26 | 1,497,579 | |||||||||||||
| 1,525,000 | Lam Research Corp | 4.000 | 03/15/29 | 1,750,387 | |||||||||||||
| 5,575,000 | Lam Research Corp | 1.900 | 06/15/30 | 5,558,148 | |||||||||||||
| 550,000 | Lam Research Corp | 2.875 | 06/15/50 | 551,528 | |||||||||||||
| 7,200,000 | NVIDIA Corp | 2.000 | 06/15/31 | 7,161,937 | |||||||||||||
| 1,650,000 | g | NXP BV | 2.700 | 05/01/25 | 1,723,328 | ||||||||||||
| 2,650,000 | g | NXP BV | 3.875 | 06/18/26 | 2,919,581 | ||||||||||||
| 1,200,000 | g | NXP BV | 3.400 | 05/01/30 | 1,302,547 | ||||||||||||
| 4,300,000 | g | SK Hynix, Inc | 1.500 | 01/19/26 | 4,244,444 | ||||||||||||
| 3,750,000 | Skyworks Solutions, Inc | 1.800 | 06/01/26 | 3,799,689 | |||||||||||||
| 1,100,000 | Texas Instruments, Inc | 2.625 | 05/15/24 | 1,153,307 | |||||||||||||
| 1,100,000 | Texas Instruments, Inc | 4.150 | 05/15/48 | 1,364,361 | |||||||||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 59,137,037 | ||||||||||||||||
| SOFTWARE & SERVICES - 0.8% | |||||||||||||||||
| 11,405,000 | Adobe, Inc | 2.300 | 02/01/30 | 11,796,783 | |||||||||||||
| 90,000 | g | Camelot Finance S.A. | 4.500 | 11/01/26 | 93,487 | ||||||||||||
| 690,000 | g | Clarivate Science Holdings Corp | 3.875 | 07/01/28 | 690,000 | ||||||||||||
| 2,375,000 | Fidelity National Information Services, Inc | 2.250 | 03/01/31 | 2,357,409 | |||||||||||||
| 6,300,000 | Fiserv, Inc | 2.750 | 07/01/24 | 6,634,404 | |||||||||||||
| 12,125,000 | Fiserv, Inc | 3.500 | 07/01/29 | 13,203,460 | |||||||||||||
| 1,505,000 | Fiserv, Inc | 2.650 | 06/01/30 | 1,539,986 | |||||||||||||
| 900,000 | g | Gartner, Inc | 3.750 | 10/01/30 | 926,280 | ||||||||||||
| 2,425,000 | Global Payments, Inc | 2.650 | 02/15/25 | 2,534,632 | |||||||||||||
| 5,225,000 | Global Payments, Inc | 3.200 | 08/15/29 | 5,523,329 | |||||||||||||
| 3,500,000 | e,g | HCL America, Inc | 1.375 | 03/10/26 | 3,460,233 | ||||||||||||
| 1,625,000 | g | j2 Global, Inc | 4.625 | 10/15/30 | 1,726,562 | ||||||||||||
| 19,000,000 | Microsoft Corp | 2.400 | 08/08/26 | 20,183,329 | |||||||||||||
| 2,306,000 | Microsoft Corp | 2.525 | 06/01/50 | 2,218,964 | |||||||||||||
| 184 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 539,000 | Microsoft Corp | 2.921 | % | 03/17/52 | $ | 557,217 | ||||||||||
| 550,000 | g | Open Text Holdings, Inc | 4.125 | 02/15/30 | 565,125 | ||||||||||||
| 1,525,000 | g | Rackspace Technology Global, Inc | 3.500 | 02/15/28 | 1,471,960 | ||||||||||||
| 875,000 | salesforce.com, Inc | 3.700 | 04/11/28 | 982,153 | |||||||||||||
| 3,625,000 | salesforce.com, Inc | 1.950 | 07/15/31 | 3,607,808 | |||||||||||||
| 3,150,000 | salesforce.com, Inc | 2.700 | 07/15/41 | 3,140,676 | |||||||||||||
| 580,000 | Visa, Inc | 3.150 | 12/14/25 | 628,938 | |||||||||||||
| 4,725,000 | Visa, Inc | 2.050 | 04/15/30 | 4,800,061 | |||||||||||||
| 900,000 | Visa, Inc | 2.700 | 04/15/40 | 920,838 | |||||||||||||
| TOTAL SOFTWARE & SERVICES | 89,563,634 | ||||||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 0.7% | |||||||||||||||||
| 3,450,000 | Amphenol Corp | 2.800 | 02/15/30 | 3,615,994 | |||||||||||||
| 8,575,000 | Apple, Inc | 2.450 | 08/04/26 | 9,073,404 | |||||||||||||
| 19,975,000 | Apple, Inc | 2.050 | 09/11/26 | 20,786,114 | |||||||||||||
| 5,370,000 | Apple, Inc | 1.650 | 02/08/31 | 5,226,465 | |||||||||||||
| 1,100,000 | Apple, Inc | 4.650 | 02/23/46 | 1,431,545 | |||||||||||||
| 3,000,000 | Apple, Inc | 2.650 | 02/08/51 | 2,869,836 | |||||||||||||
| 2,675,000 | Corning, Inc | 4.375 | 11/15/57 | 3,208,581 | |||||||||||||
| 5,685,000 | Dell International LLC | 5.300 | 10/01/29 | 6,872,125 | |||||||||||||
| 6,625,000 | g | Imola Merger Corp | 4.750 | 05/15/29 | 6,853,686 | ||||||||||||
| 6,000,000 | g | Lenovo Group Ltd | 3.421 | 11/02/30 | 6,252,305 | ||||||||||||
| 2,425,000 | g | NCR Corp | 5.000 | 10/01/28 | 2,477,889 | ||||||||||||
| 975,000 | g | Sensata Technologies BV | 4.000 | 04/15/29 | 992,501 | ||||||||||||
| 3,000,000 | Tyco Electronics Group S.A. | 3.500 | 02/03/22 | 3,007,616 | |||||||||||||
| 525,000 | Tyco Electronics Group S.A. | 3.700 | 02/15/26 | 568,630 | |||||||||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 73,236,691 | ||||||||||||||||
| TELECOMMUNICATION SERVICES - 3.1% | |||||||||||||||||
| 3,775,000 | g | Altice France S.A. | 5.125 | 07/15/29 | 3,701,293 | ||||||||||||
| 5,500,000 | AT&T, Inc | 4.300 | 02/15/30 | 6,311,678 | |||||||||||||
| 11,050,000 | AT&T, Inc | 2.250 | 02/01/32 | 10,758,984 | |||||||||||||
| 12,477,000 | AT&T, Inc | 2.550 | 12/01/33 | 12,275,097 | |||||||||||||
| 2,300,000 | AT&T, Inc | 4.500 | 05/15/35 | 2,692,481 | |||||||||||||
| 4,900,000 | AT&T, Inc | 3.500 | 06/01/41 | 5,030,975 | |||||||||||||
| 8,825,000 | AT&T, Inc | 3.300 | 02/01/52 | 8,544,883 | |||||||||||||
| 8,600,000 | AT&T, Inc | 3.500 | 09/15/53 | 8,511,592 | |||||||||||||
| 13,750,000 | AT&T, Inc | 3.550 | 09/15/55 | 13,559,476 | |||||||||||||
| 25,598,000 | AT&T, Inc | 3.800 | 12/01/57 | 26,149,687 | |||||||||||||
| 2,399,000 | AT&T, Inc | 3.650 | 09/15/59 | 2,391,618 | |||||||||||||
| 3,775,000 | g | Avaya, Inc | 6.125 | 09/15/28 | 3,969,299 | ||||||||||||
| 2,000,000 | g | Bharti Airtel Ltd | 4.375 | 06/10/25 | 2,149,620 | ||||||||||||
| 4,250,000 | g | Bharti Airtel Ltd | 3.250 | 06/03/31 | 4,272,881 | ||||||||||||
| 450,000 | g | C&W Senior Financing Designated Activity Co | 7.500 | 10/15/26 | 466,699 | ||||||||||||
| 2,500,000 | g | C&W Senior Financing Designated Activity Co | 6.875 | 09/15/27 | 2,628,125 | ||||||||||||
| 630,000 | Deutsche Telekom International Finance BV | 8.750 | 06/15/30 | 939,260 | |||||||||||||
| 3,850,000 | g | Empresa Nacional de Telecomunicaciones S.A. | 3.050 | 09/14/32 | 3,782,625 | ||||||||||||
| 1,500,000 | g | Kenbourne Invest S.A. | 4.700 | 01/22/28 | 1,509,000 | ||||||||||||
| 1,675,000 | g | Millicom International Cellular S.A. | 4.500 | 04/27/31 | 1,751,212 | ||||||||||||
| 2,500,000 | g | MTN Mauritius Investment Ltd | 6.500 | 10/13/26 | 2,847,025 | ||||||||||||
| 2,000,000 | g | Network i2i Ltd | 5.650 | N/A‡ | 2,130,000 | ||||||||||||
| 2,000,000 | g | Network i2i Ltd | 3.975 | N/A‡ | 2,015,000 | ||||||||||||
| 2,975,000 | g | Ooredoo International Finance Ltd | 2.625 | 04/08/31 | 3,026,997 | ||||||||||||
| 185 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 500,000 | Orange S.A. | 5.375 | % | 01/13/42 | $ | 667,561 | ||||||||||
| 17,050,000 | g | SBA Tower Trust | 2.836 | 01/15/25 | 17,658,262 | ||||||||||||
| 8,398,000 | g | SBA Tower Trust | 1.884 | 01/15/26 | 8,503,197 | ||||||||||||
| 7,500,000 | g | SBA Tower Trust | 1.631 | 11/15/26 | 7,481,177 | ||||||||||||
| 4,700,000 | Telefonica Emisiones SAU | 4.103 | 03/08/27 | 5,280,368 | |||||||||||||
| 5,000,000 | Telefonica Emisiones SAU | 5.213 | 03/08/47 | 6,240,246 | |||||||||||||
| 2,990,000 | Telefonica Emisiones SAU | 4.895 | 03/06/48 | 3,594,677 | |||||||||||||
| 2,300,000 | T-Mobile USA, Inc | 2.250 | 02/15/26 | 2,325,875 | |||||||||||||
| 3,000,000 | T-Mobile USA, Inc | 2.625 | 02/15/29 | 3,031,677 | |||||||||||||
| 19,910,000 | T-Mobile USA, Inc | 3.875 | 04/15/30 | 21,983,867 | |||||||||||||
| 16,800,000 | T-Mobile USA, Inc | 2.550 | 02/15/31 | 16,859,868 | |||||||||||||
| 1,275,000 | T-Mobile USA, Inc | 3.000 | 02/15/41 | 1,233,604 | |||||||||||||
| 1,150,000 | T-Mobile USA, Inc | 4.500 | 04/15/50 | 1,340,634 | |||||||||||||
| 4,545,000 | T-Mobile USA, Inc | 3.300 | 02/15/51 | 4,394,399 | |||||||||||||
| 1,375,000 | Verizon Communications, Inc | 1.680 | 10/30/30 | 1,307,534 | |||||||||||||
| 13,630,000 | Verizon Communications, Inc | 1.750 | 01/20/31 | 12,955,180 | |||||||||||||
| 27,600,000 | Verizon Communications, Inc | 2.550 | 03/21/31 | 27,939,216 | |||||||||||||
| 2,568,000 | g | Verizon Communications, Inc | 2.355 | 03/15/32 | 2,539,609 | ||||||||||||
| 11,097,000 | Verizon Communications, Inc | 4.272 | 01/15/36 | 13,035,787 | |||||||||||||
| 18,400,000 | Verizon Communications, Inc | 2.875 | 11/20/50 | 17,151,486 | |||||||||||||
| 4,915,000 | g | Vmed O2 UK Financing I plc | 4.750 | 07/15/31 | 5,021,557 | ||||||||||||
| 7,735,000 | Vodafone Group plc | 4.375 | 02/19/43 | 8,986,421 | |||||||||||||
| 7,000,000 | Vodafone Group plc | 4.250 | 09/17/50 | 8,047,649 | |||||||||||||
| TOTAL TELECOMMUNICATION SERVICES | 328,995,358 | ||||||||||||||||
| TRANSPORTATION - 0.5% | |||||||||||||||||
| 1,000,000 | g | Adani Ports & Special Economic Zone Ltd | 4.000 | 07/30/27 | 1,041,332 | ||||||||||||
| 800,000 | g | Adani Ports & Special Economic Zone Ltd | 4.200 | 08/04/27 | 839,144 | ||||||||||||
| 2,300,000 | g | Adani Ports & Special Economic Zone Ltd | 3.100 | 02/02/31 | 2,197,737 | ||||||||||||
| 4,500,000 | g | AerCap Global Aviation | 6.500 | 06/15/45 | 4,876,380 | ||||||||||||
| 3,825,000 | Burlington Northern Santa Fe LLC | 3.050 | 02/15/51 | 3,943,125 | |||||||||||||
| 6,375,000 | Canadian Pacific Railway Co | 2.050 | 03/05/30 | 6,295,745 | |||||||||||||
| 1,000,000 | CSX Corp | 2.600 | 11/01/26 | 1,060,662 | |||||||||||||
| 625,000 | CSX Corp | 3.250 | 06/01/27 | 681,018 | |||||||||||||
| 700,000 | CSX Corp | 3.800 | 03/01/28 | 782,441 | |||||||||||||
| 9,715,000 | CSX Corp | 4.250 | 03/15/29 | 11,167,823 | |||||||||||||
| 1,204,000 | g | Delta Air Lines, Inc | 7.000 | 05/01/25 | 1,404,165 | ||||||||||||
| 1,500,000 | g | DP World Ltd | 5.625 | 09/25/48 | 1,846,245 | ||||||||||||
| 2,235,000 | g | First Student Bidco, Inc | 4.000 | 07/31/29 | 2,204,269 | ||||||||||||
| 1,443,000 | g | Mexico City Airport Trust | 4.250 | 10/31/26 | 1,539,681 | ||||||||||||
| 3,000,000 | g | Mexico City Airport Trust | 5.500 | 07/31/47 | 3,064,860 | ||||||||||||
| 700,000 | g | Mileage Plus Holdings LLC | 6.500 | 06/20/27 | 761,194 | ||||||||||||
| 2,650,000 | g | Pelabuhan Indonesia III Persero PT | 4.500 | 05/02/23 | 2,785,812 | ||||||||||||
| 3,000,000 | Southwest Airlines Co | 5.125 | 06/15/27 | 3,508,428 | |||||||||||||
| 5,200,000 | g | Union Pacific Corp | 2.891 | 04/06/36 | 5,399,350 | ||||||||||||
| 2,175,000 | Union Pacific Corp | 3.839 | 03/20/60 | 2,495,355 | |||||||||||||
| TOTAL TRANSPORTATION | 57,894,766 | ||||||||||||||||
| UTILITIES - 3.8% | |||||||||||||||||
| 2,575,000 | g | Abu Dhabi National Energy Co PJSC | 2.000 | 04/29/28 | 2,592,268 | ||||||||||||
| 1,775,000 | g | Access Bank plc | 6.125 | 09/21/26 | 1,785,157 | ||||||||||||
| 1,846,625 | g | Adani Transmission Ltd | 4.250 | 05/21/36 | 1,887,417 | ||||||||||||
| 1,000,000 | AEP Transmission Co LLC | 3.100 | 12/01/26 | 1,077,567 | |||||||||||||
| 1,000,000 | AEP Transmission Co LLC | 4.000 | 12/01/46 | 1,170,819 | |||||||||||||
| 186 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,740,000 | AEP Transmission Co LLC | 3.750 | % | 12/01/47 | $ | 1,951,201 | ||||||||||
| 3,175,000 | AEP Transmission Co LLC | 2.750 | 08/15/51 | 3,026,744 | |||||||||||||
| 1,450,000 | g | Aeropuerto Internacional de Tocumen S.A. | 4.000 | 08/11/41 | 1,490,519 | ||||||||||||
| 725,000 | Alabama Power Co | 4.150 | 08/15/44 | 849,808 | |||||||||||||
| 3,000,000 | Alabama Power Co | 3.450 | 10/01/49 | 3,238,514 | |||||||||||||
| 11,850,000 | Alabama Power Co | 3.125 | 07/15/51 | 12,146,342 | |||||||||||||
| 4,600,000 | Ameren Corp | 3.650 | 02/15/26 | 4,989,123 | |||||||||||||
| 1,800,000 | Ameren Corp | 3.500 | 01/15/31 | 1,957,302 | |||||||||||||
| 1,650,000 | American Water Capital Corp | 3.000 | 12/01/26 | 1,783,119 | |||||||||||||
| 3,075,000 | American Water Capital Corp | 2.800 | 05/01/30 | 3,225,378 | |||||||||||||
| 10,000,000 | American Water Capital Corp | 2.300 | 06/01/31 | 10,102,463 | |||||||||||||
| 1,400,000 | American Water Capital Corp | 4.000 | 12/01/46 | 1,631,444 | |||||||||||||
| 1,425,000 | American Water Capital Corp | 3.750 | 09/01/47 | 1,597,574 | |||||||||||||
| 675,000 | American Water Capital Corp | 3.450 | 05/01/50 | 718,065 | |||||||||||||
| 760,000 | American Water Capital Corp | 3.250 | 06/01/51 | 786,294 | |||||||||||||
| 5,275,000 | Atmos Energy Corp | 1.500 | 01/15/31 | 4,962,377 | |||||||||||||
| 375,000 | Atmos Energy Corp | 4.125 | 10/15/44 | 434,590 | |||||||||||||
| 3,000,000 | Avangrid, Inc | 3.150 | 12/01/24 | 3,197,713 | |||||||||||||
| 800,000 | g | Azure Power Solar Energy Pvt Ltd | 5.650 | 12/24/24 | 843,027 | ||||||||||||
| 2,050,000 | Baltimore Gas & Electric Co | 3.750 | 08/15/47 | 2,318,543 | |||||||||||||
| 5,975,000 | g,h | Becle SAB de C.V. | 2.500 | 10/14/31 | 5,913,816 | ||||||||||||
| 4,950,000 | Berkshire Hathaway Energy Co | 3.250 | 04/15/28 | 5,399,222 | |||||||||||||
| 7,137,000 | Berkshire Hathaway Energy Co | 1.650 | 05/15/31 | 6,835,480 | |||||||||||||
| 1,075,000 | Black Hills Corp | 4.250 | 11/30/23 | 1,148,508 | |||||||||||||
| 850,000 | Black Hills Corp | 3.150 | 01/15/27 | 905,397 | |||||||||||||
| 760,000 | Black Hills Corp | 3.875 | 10/15/49 | 814,767 | |||||||||||||
| 660,000 | CenterPoint Energy Resources Corp | 6.250 | 02/01/37 | 900,236 | |||||||||||||
| 1,125,000 | CMS Energy Corp | 3.600 | 11/15/25 | 1,215,723 | |||||||||||||
| 3,000,000 | e,g | Comision Federal de Electricidad | 3.348 | 02/09/31 | 2,943,780 | ||||||||||||
| 395,000 | Commonwealth Edison Co | 5.900 | 03/15/36 | 551,856 | |||||||||||||
| 9,470,000 | Commonwealth Edison Co | 3.000 | 03/01/50 | 9,503,496 | |||||||||||||
| 2,750,000 | Commonwealth Edison Co | 2.750 | 09/01/51 | 2,632,653 | |||||||||||||
| 1,235,000 | Consolidated Edison Co of New York, Inc | 3.950 | 03/01/43 | 1,385,212 | |||||||||||||
| 2,775,000 | Consumers Energy Co | 2.650 | 08/15/52 | 2,625,355 | |||||||||||||
| 2,250,000 | Dominion Energy, Inc | 2.250 | 08/15/31 | 2,242,913 | |||||||||||||
| 6,300,000 | Dominion Energy, Inc | 3.300 | 04/15/41 | 6,537,611 | |||||||||||||
| 7,575,000 | DTE Electric Co | 2.250 | 03/01/30 | 7,688,040 | |||||||||||||
| 3,530,000 | Duke Energy Carolinas LLC | 2.550 | 04/15/31 | 3,656,189 | |||||||||||||
| 7,575,000 | Duke Energy Corp | 2.650 | 09/01/26 | 7,990,907 | |||||||||||||
| 14,570,000 | Duke Energy Corp | 3.300 | 06/15/41 | 14,800,599 | |||||||||||||
| 3,125,000 | Duke Energy Corp | 3.750 | 09/01/46 | 3,336,952 | |||||||||||||
| 695,511 | Duke Energy Florida Project Finance LLC | 1.731 | 09/01/22 | 700,151 | |||||||||||||
| 650,000 | Duke Energy Ohio, Inc | 3.800 | 09/01/23 | 685,176 | |||||||||||||
| 4,150,000 | Duke Energy Progress LLC | 2.500 | 08/15/50 | 3,762,817 | |||||||||||||
| 2,100,000 | Eastern Energy Gas Holdings LLC | 2.500 | 11/15/24 | 2,199,127 | |||||||||||||
| 6,000,000 | Edison International | 5.375 | N/A‡ | 6,204,300 | |||||||||||||
| 2,390,000 | g | Empresas Publicas de Medellin ESP | 4.250 | 07/18/29 | 2,379,842 | ||||||||||||
| 2,500,000 | Enel Chile S.A. | 4.875 | 06/12/28 | 2,862,500 | |||||||||||||
| 4,900,000 | g | EnfraGen Energia Sur S.A. | 5.375 | 12/30/30 | 4,808,174 | ||||||||||||
| 3,500,000 | g | ENN Energy Holdings Ltd | 2.625 | 09/17/30 | 3,471,779 | ||||||||||||
| 1,595,000 | Entergy Arkansas LLC | 2.650 | 06/15/51 | 1,487,268 | |||||||||||||
| 4,994,000 | Entergy Corp | 4.000 | 07/15/22 | 5,103,042 | |||||||||||||
| 3,700,000 | Entergy Corp | 0.900 | 09/15/25 | 3,638,224 | |||||||||||||
| 187 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,600,000 | g | Equate Petrochemical BV | 2.625 | % | 04/28/28 | $ | 2,616,388 | |||||||||
| 900,000 | g | Eskom Holdings SOC Ltd | 8.450 | 08/10/28 | 994,533 | ||||||||||||
| 1,000,000 | Eversource Energy | 0.800 | 08/15/25 | 984,635 | |||||||||||||
| 3,975,000 | Eversource Energy | 1.650 | 08/15/30 | 3,775,220 | |||||||||||||
| 3,000,000 | Eversource Energy | 3.450 | 01/15/50 | 3,142,847 | |||||||||||||
| 1,225,000 | Exelon Corp | 4.050 | 04/15/30 | 1,388,327 | |||||||||||||
| 2,975,000 | Exelon Generation Co LLC | 3.400 | 03/15/22 | 3,007,632 | |||||||||||||
| 2,700,000 | Florida Power & Light Co | 3.990 | 03/01/49 | 3,235,182 | |||||||||||||
| UGX | 8,000,000,000 | †,g | ICBC Standard Bank plc | 14.250 | 06/26/34 | 2,202,172 | |||||||||||
| $ | 1,150,000 | Indiana Michigan Power Co | 3.750 | 07/01/47 | 1,281,097 | ||||||||||||
| 3,175,000 | Indiana Michigan Power Co | 3.250 | 05/01/51 | 3,274,917 | |||||||||||||
| 2,000,000 | g | Inkia Energy Ltd | 5.875 | 11/09/27 | 2,081,800 | ||||||||||||
| 8,000,000 | g | Israel Electric Corp Ltd | 4.250 | 08/14/28 | 8,960,859 | ||||||||||||
| 2,000,000 | g | Kallpa Generacion SA | 4.125 | 08/16/27 | 2,085,480 | ||||||||||||
| 2,200,000 | g | Korea Hydro & Nuclear Power Co Ltd | 3.750 | 07/25/23 | 2,325,961 | ||||||||||||
| 2,600,000 | g | Korea Southern Power Co Ltd | 0.750 | 01/27/26 | 2,533,336 | ||||||||||||
| 2,625,000 | Life Storage LP | 2.400 | 10/15/31 | 2,599,538 | |||||||||||||
| 7,275,000 | MidAmerican Energy Co | 3.650 | 04/15/29 | 8,140,578 | |||||||||||||
| 2,175,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 2,440,337 | |||||||||||||
| 9,875,000 | g | NBK SPC Ltd | 1.625 | 09/15/27 | 9,751,563 | ||||||||||||
| 3,000,000 | g | NBK Tier Financing Ltd | 3.625 | N/A‡ | 2,988,714 | ||||||||||||
| 1,650,000 | Nevada Power Co | 2.400 | 05/01/30 | 1,673,099 | |||||||||||||
| 300,000 | e | NextEra Energy Capital Holdings, Inc | 3.250 | 04/01/26 | 322,510 | ||||||||||||
| 5,750,000 | NextEra Energy Capital Holdings, Inc | 2.250 | 06/01/30 | 5,782,802 | |||||||||||||
| 19,450,000 | NiSource, Inc | 1.700 | 02/15/31 | 18,321,692 | |||||||||||||
| 4,150,000 | g | NRG Energy, Inc | 2.450 | 12/02/27 | 4,211,297 | ||||||||||||
| 1,250,000 | NRG Energy, Inc | 5.750 | 01/15/28 | 1,329,688 | |||||||||||||
| 2,000,000 | NSTAR Electric Co | 3.200 | 05/15/27 | 2,175,836 | |||||||||||||
| 850,000 | NSTAR Electric Co | 3.950 | 04/01/30 | 970,637 | |||||||||||||
| 2,175,000 | Ohio Power Co | 4.150 | 04/01/48 | 2,586,445 | |||||||||||||
| 2,175,000 | Ohio Power Co | 4.000 | 06/01/49 | 2,533,717 | |||||||||||||
| 150,000 | Oncor Electric Delivery Co LLC | 7.250 | 01/15/33 | 219,650 | |||||||||||||
| 700,000 | ONE Gas, Inc | 3.610 | 02/01/24 | 738,738 | |||||||||||||
| 2,940,000 | PacifiCorp | 2.700 | 09/15/30 | 3,060,076 | |||||||||||||
| 3,500,000 | PacifiCorp | 2.900 | 06/15/52 | 3,406,005 | |||||||||||||
| 350,000 | g | Pattern Energy Operations LP | 4.500 | 08/15/28 | 364,875 | ||||||||||||
| 1,375,000 | PECO Energy Co | 3.000 | 09/15/49 | 1,380,524 | |||||||||||||
| 1,000,000 | PECO Energy Co | 2.800 | 06/15/50 | 980,181 | |||||||||||||
| 1,400,000 | g | Perusahaan Listrik Negara PT | 3.875 | 07/17/29 | 1,482,180 | ||||||||||||
| 2,500,000 | g | Perusahaan Listrik Negara PT | 3.375 | 02/05/30 | 2,565,625 | ||||||||||||
| 911,000 | g,o | Petra Diamonds US Treasury plc | 10.500 | 03/08/26 | 933,775 | ||||||||||||
| 4,150,000 | e,g | Phosagro OAO Via Phosagro Bond Funding DAC | 2.600 | 09/16/28 | 4,145,761 | ||||||||||||
| 135,000 | Potomac Electric Power Co | 7.900 | 12/15/38 | 219,520 | |||||||||||||
| 2,050,000 | g | Promigas S.A. ESP | 3.750 | 10/16/29 | 2,060,045 | ||||||||||||
| 8,425,000 | Public Service Co of Colorado | 1.875 | 06/15/31 | 8,280,344 | |||||||||||||
| 5,440,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 5,765,218 | |||||||||||||
| 3,925,000 | Public Service Electric & Gas Co | 3.150 | 01/01/50 | 4,095,050 | |||||||||||||
| 3,000,000 | g | Rumo Luxembourg Sarl | 5.250 | 01/10/28 | 3,150,000 | ||||||||||||
| 5,200,000 | g | Saka Energi Indonesia PT | 4.450 | 05/05/24 | 4,997,954 | ||||||||||||
| 4,000,000 | Sempra Energy | 4.875 | N/A‡ | 4,340,000 | |||||||||||||
| 1,750,000 | Southern Co | 4.400 | 07/01/46 | 2,057,563 | |||||||||||||
| 15,000,000 | Southern Co | 4.000 | 01/15/51 | 15,856,050 | |||||||||||||
| 2,075,000 | Southern Co Gas Capital Corp | 3.875 | 11/15/25 | 2,273,620 | |||||||||||||
| 188 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,250,000 | Southern Co Gas Capital Corp | 4.400 | % | 06/01/43 | $ | 1,463,723 | ||||||||||
| 1,175,000 | Southern Co Gas Capital Corp | 3.950 | 10/01/46 | 1,302,637 | |||||||||||||
| 4,900,000 | Southwestern Public Service Co | 3.400 | 08/15/46 | 5,205,798 | |||||||||||||
| 400,000 | TC PipeLines LP | 3.900 | 05/25/27 | 443,770 | |||||||||||||
| 1,700,000 | g | Tengizchevroil Finance Co International Ltd | 2.625 | 08/15/25 | 1,733,487 | ||||||||||||
| 4,000,000 | g | TerraForm Power Operating LLC | 4.750 | 01/15/30 | 4,185,000 | ||||||||||||
| 1,676,148 | g | UEP Penonome II S.A. | 6.500 | 10/01/38 | 1,747,401 | ||||||||||||
| 845,000 | e | Virginia Electric & Power Co | 2.950 | 01/15/22 | 846,037 | ||||||||||||
| 1,025,000 | Virginia Electric & Power Co | 2.950 | 11/15/26 | 1,100,115 | |||||||||||||
| 1,050,000 | Virginia Electric & Power Co | 3.500 | 03/15/27 | 1,158,859 | |||||||||||||
| 6,000,000 | Virginia Electric & Power Co | 3.800 | 04/01/28 | 6,698,040 | |||||||||||||
| 1,000,000 | Wisconsin Power & Light Co | 4.100 | 10/15/44 | 1,142,479 | |||||||||||||
| 1,800,000 | Xcel Energy, Inc | 3.350 | 12/01/26 | 1,946,942 | |||||||||||||
| 470,000 | Xcel Energy, Inc | 4.800 | 09/15/41 | 577,769 | |||||||||||||
| TOTAL UTILITIES | 407,738,130 | ||||||||||||||||
| TOTAL CORPORATE BONDS | 4,796,236,843 | ||||||||||||||||
| (Cost $4,685,244,786) | |||||||||||||||||
| GOVERNMENT BONDS - 36.9% | |||||||||||||||||
| AGENCY SECURITIES - 0.7% | |||||||||||||||||
| 2,500,000 | Amber Circle Funding Ltd | 3.250 | 12/04/22 | 2,573,808 | |||||||||||||
| 3,239,000 | Canal Barge Co, Inc | 4.500 | 11/12/34 | 3,675,876 | |||||||||||||
| 24,750,000 | i | Federal Farm Credit Bank (FFCB) | LIBOR 3 M - 0.150% | 0.000 | 11/12/21 | 24,748,498 | |||||||||||
| 23,350,000 | FFCB | 0.080 | 03/16/22 | 23,353,239 | |||||||||||||
| 5,500,000 | Overseas Private Investment Corp (OPIC) | 3.520 | 09/20/32 | 6,157,920 | |||||||||||||
| 11,000,000 | g | Private Export Funding Corp (PEFCO) | 3.266 | 11/08/21 | 11,036,484 | ||||||||||||
| 2,000,000 | g | Reliance Industries Ltd | 3.667 | 11/30/27 | 2,173,362 | ||||||||||||
| TOTAL AGENCY SECURITIES | 73,719,187 | ||||||||||||||||
| FOREIGN GOVERNMENT BONDS - 2.8% | |||||||||||||||||
| 2,000,000 | g | Abu Dhabi Government International Bond | 3.125 | 05/03/26 | 2,162,704 | ||||||||||||
| 1,500,000 | g | Abu Dhabi Government International Bond | 2.500 | 09/30/29 | 1,566,708 | ||||||||||||
| 2,380,000 | g | Abu Dhabi Government International Bond | 3.125 | 09/30/49 | 2,387,235 | ||||||||||||
| 975,000 | g | African Export-Import Bank | 2.634 | 05/17/26 | 996,082 | ||||||||||||
| 3,325,000 | g | Arab Petroleum Investments Corp | 4.125 | 09/18/23 | 3,545,249 | ||||||||||||
| INR | 140,000,000 | Asian Development Bank | 6.200 | 10/06/26 | 1,917,403 | ||||||||||||
| $ | 1,500,000 | g | Bahrain Government International Bond | 5.450 | 09/16/32 | 1,457,526 | |||||||||||
| 4,465,000 | g | Banque Ouest Africaine de Developpement | 4.700 | 10/22/31 | 4,908,865 | ||||||||||||
| EUR | 2,100,000 | g | Banque Ouest Africaine de Developpement | 2.750 | 01/22/33 | 2,598,227 | |||||||||||
| 628,900 | g | Barbados Government International Bond | 6.500 | 10/01/29 | 632,044 | ||||||||||||
| 3,450,000 | g | Bermuda Government International Bond | 3.717 | 01/25/27 | 3,777,784 | ||||||||||||
| 750,000 | g | Bermuda Government International Bond | 4.750 | 02/15/29 | 869,850 | ||||||||||||
| 1,400,000 | g | Bermuda Government International Bond | 2.375 | 08/20/30 | 1,386,000 | ||||||||||||
| 3,000,000 | g | BNG Bank NV | 3.000 | 09/20/23 | 3,152,974 | ||||||||||||
| 1,452,500 | g | Brazil Minas SPE via State of Minas Gerais | 5.333 | 02/15/28 | 1,554,916 | ||||||||||||
| 735,000 | Brazilian Government International Bond | 4.625 | 01/13/28 | 772,632 | |||||||||||||
| 2,445,000 | Brazilian Government International Bond | 3.875 | 06/12/30 | 2,370,305 | |||||||||||||
| 725,000 | Brazilian Government International Bond | 5.625 | 02/21/47 | 726,232 | |||||||||||||
| 2,000,000 | Brazilian Government International Bond | 4.750 | 01/14/50 | 1,770,540 | |||||||||||||
| 5,950,000 | Chile Government International Bond | 2.550 | 01/27/32 | 5,895,438 | |||||||||||||
| 990,000 | Chile Government International Bond | 3.100 | 05/07/41 | 955,370 | |||||||||||||
| 189 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| CNY $ | 16,600,000 | China Government Bond | 2.880 | % | 11/05/23 | $ | 2,585,007 | ||||||||||
| 5,000,000 | China Government Bond | 3.270 | 11/19/30 | 794,242 | |||||||||||||
| 3,300,000 | China Government Bond | 3.810 | 09/14/50 | 541,735 | |||||||||||||
| $ | 4,745,000 | Colombia Government International Bond | 3.000 | 01/30/30 | 4,484,215 | ||||||||||||
| 4,275,000 | Colombia Government International Bond | 3.250 | 04/22/32 | 3,986,523 | |||||||||||||
| 1,300,000 | Colombia Government International Bond | 5.000 | 06/15/45 | 1,267,032 | |||||||||||||
| COP | 3,460,000,000 | Colombian TES | 6.000 | 04/28/28 | 854,669 | ||||||||||||
| $ | 4,900,000 | g | Corp Financiera de Desarrollo S.A. | 2.400 | 09/28/27 | 4,855,949 | |||||||||||
| 3,460,000 | g | Costa Rica Government International Bond | 5.625 | 04/30/43 | 3,070,785 | ||||||||||||
| 1,750,000 | g | Development Bank of Japan, Inc | 0.500 | 03/04/24 | 1,743,764 | ||||||||||||
| DOP | 90,000,000 | g | Dominican Republic Government International Bond | 9.750 | 06/05/26 | 1,927,893 | |||||||||||
| 120,000,000 | g | Dominican Republic Government International Bond | 12.000 | 03/05/32 | 3,087,737 | ||||||||||||
| $ | 3,000,000 | g | Dominican Republic Government International Bond | 4.875 | 09/23/32 | 3,060,030 | |||||||||||
| 3,000,000 | g | Dominican Republic Government International Bond | 6.500 | 02/15/48 | 3,205,530 | ||||||||||||
| 990,000 | g | Dominican Republic International Bond | 5.300 | 01/21/41 | 979,120 | ||||||||||||
| 143,196 | g,j | Ecuador Government International Bond | 0.000 | 07/31/30 | 76,432 | ||||||||||||
| 857,325 | g | Ecuador Government International Bond (Step Bond) | 5.000 | 07/31/30 | 720,162 | ||||||||||||
| 956,102 | g | Ecuador Government International Bond (Step Bond) | 1.000 | 07/31/35 | 629,842 | ||||||||||||
| 1,150,000 | g | Egypt Government International Bond | 7.600 | 03/01/29 | 1,194,107 | ||||||||||||
| EUR | 3,000,000 | g | Egypt Government International Bond | 5.625 | 04/16/30 | 3,314,673 | |||||||||||
| $ | 1,500,000 | g | Egypt Government International Bond | 7.053 | 01/15/32 | 1,454,677 | |||||||||||
| 1,050,000 | g | Egypt Government International Bond | 8.500 | 01/31/47 | 1,015,707 | ||||||||||||
| 1,875,000 | g | Egypt Government International Bond | 8.875 | 05/29/50 | 1,857,881 | ||||||||||||
| 450,000 | g | El Salvador Government International Bond | 6.375 | 01/18/27 | 334,129 | ||||||||||||
| 1,200,000 | g | El Salvador Government International Bond | 7.625 | 02/01/41 | 843,012 | ||||||||||||
| 1,070,000 | g | El Salvador Government International Bond | 7.125 | 01/20/50 | 735,636 | ||||||||||||
| 395,000 | European Investment Bank | 4.875 | 02/15/36 | 542,401 | |||||||||||||
| 4,400,000 | g | Export-Import Bank of India | 3.875 | 02/01/28 | 4,694,540 | ||||||||||||
| 1,900,000 | e,g | Export-Import Bank of India | 2.250 | 01/13/31 | 1,764,454 | ||||||||||||
| 2,200,000 | Export-Import Bank of Korea | 0.750 | 09/21/25 | 2,169,518 | |||||||||||||
| 3,200,000 | Export-Import Bank of Korea | 1.250 | 09/21/30 | 3,043,821 | |||||||||||||
| 950,000 | g | Ghana Government International Bond | 8.125 | 03/26/32 | 900,115 | ||||||||||||
| 1,500,000 | g | Ghana Government International Bond | 8.627 | 06/16/49 | 1,346,490 | ||||||||||||
| 1,700,000 | g | Guatemala Government Bond | 3.700 | 10/07/33 | 1,659,693 | ||||||||||||
| 1,550,000 | g | Guatemala Government International Bond | 4.375 | 06/05/27 | 1,654,641 | ||||||||||||
| 245,000 | g | Guatemala Government International Bond | 6.125 | 06/01/50 | 281,752 | ||||||||||||
| EUR | 1,750,000 | g | Hellenic Republic Government International Bond | 1.875 | 07/23/26 | 2,197,288 | |||||||||||
| $ | 3,200,000 | g | Honduras Government International Bond | 6.250 | 01/19/27 | 3,464,032 | |||||||||||
| 825,000 | g | Honduras Government International Bond | 5.625 | 06/24/30 | 858,008 | ||||||||||||
| 575,000 | g | Hungary Government International Bond | 2.125 | 09/22/31 | 566,512 | ||||||||||||
| 900,000 | g | Hungary Government International Bond | 3.125 | 09/21/51 | 886,012 | ||||||||||||
| IDR | 28,000,000,000 | Indonesia Treasury Bond | 7.000 | 09/15/30 | 2,051,214 | ||||||||||||
| 25,500,000,000 | Indonesia Treasury Bond | 7.500 | 08/15/32 | 1,905,188 | |||||||||||||
| $ | 1,893,125 | g | Iraq Government International Bond | 5.800 | 01/15/28 | 1,824,972 | |||||||||||
| 3,100,000 | Israel Government International Bond | 3.250 | 01/17/28 | 3,400,592 | |||||||||||||
| 675,000 | Israel Government International Bond | 4.125 | 01/17/48 | 810,844 | |||||||||||||
| EUR | 125,000 | g | Ivory Coast Government International Bond | 4.875 | 01/30/32 | 140,859 | |||||||||||
| 190 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 770,000 | g | Ivory Coast Government International Bond | 6.125 | % | 06/15/33 | $ | 814,251 | |||||||||
| 1,193,404 | g | Ivory Coast Government International Bond (Step Bond) | 5.750 | 12/31/32 | 1,193,072 | ||||||||||||
| 710,000 | Jamaica Government International Bond | 6.750 | 04/28/28 | 825,304 | |||||||||||||
| 3,050,000 | Jamaica Government International Bond | 7.875 | 07/28/45 | 4,234,956 | |||||||||||||
| 1,500,000 | g | Japan Finance Organization for Municipalities | 3.000 | 03/12/24 | 1,583,683 | ||||||||||||
| 1,750,000 | g | Jordan Government International Bond | 4.950 | 07/07/25 | 1,824,557 | ||||||||||||
| 1,500,000 | g | Jordan Government International Bond | 5.750 | 01/31/27 | 1,603,357 | ||||||||||||
| 510,000 | g | Jordan Government International Bond | 5.850 | 07/07/30 | 529,120 | ||||||||||||
| 1,375,000 | g | Kenya Government International Bond | 7.000 | 05/22/27 | 1,486,847 | ||||||||||||
| 1,000,000 | g | Kenya Government International Bond | 8.000 | 05/22/32 | 1,106,318 | ||||||||||||
| 1,490,000 | g | Kenya Government International Bond | 6.300 | 01/23/34 | 1,473,331 | ||||||||||||
| 2,080,000 | g | Kommunalbanken AS. | 2.750 | 02/05/24 | 2,189,700 | ||||||||||||
| 2,000,000 | g | Kommunalbanken AS. | 1.125 | 06/14/30 | 1,921,970 | ||||||||||||
| 3,175,000 | g | Korea Electric Power Corp | 1.125 | 06/15/25 | 3,157,950 | ||||||||||||
| 1,700,000 | g | Korea Housing Finance Corp | 3.000 | 10/31/22 | 1,743,856 | ||||||||||||
| 3,000,000 | e,g | Korea Hydro & Nuclear Power Co Ltd | 1.250 | 04/27/26 | 2,975,081 | ||||||||||||
| MYR | 7,600,000 | Malaysia Government Bond | 3.828 | 07/05/34 | 1,796,841 | ||||||||||||
| MXN | 31,200,000 | Mexican Bonos | 8.500 | 05/31/29 | 1,616,689 | ||||||||||||
| 18,400,000 | Mexican Bonos | 7.750 | 05/29/31 | 913,898 | |||||||||||||
| $ | 2,200,000 | Mexico Government International Bond | 4.150 | 03/28/27 | 2,481,490 | ||||||||||||
| 3,450,000 | Mexico Government International Bond | 3.250 | 04/16/30 | 3,532,697 | |||||||||||||
| 3,424,000 | Mexico Government International Bond | 6.050 | 01/11/40 | 4,187,860 | |||||||||||||
| 4,000,000 | Mexico Government International Bond | 4.280 | 08/14/41 | 4,081,200 | |||||||||||||
| 2,025,000 | Mexico Government International Bond | 4.750 | 03/08/44 | 2,155,025 | |||||||||||||
| 500,000 | g | Mongolia Government International Bond | 5.125 | 04/07/26 | 524,857 | ||||||||||||
| 1,710,000 | g | Mongolia Government International Bond | 4.450 | 07/07/31 | 1,657,970 | ||||||||||||
| 1,760,000 | g | Morocco Government International Bond | 3.000 | 12/15/32 | 1,673,248 | ||||||||||||
| 2,825,000 | g | Morocco Government International Bond | 5.500 | 12/11/42 | 3,177,583 | ||||||||||||
| 525,000 | g | Morocco Government International Bond | 4.000 | 12/15/50 | 478,389 | ||||||||||||
| 2,500,000 | g | Namibia Government International Bond | 5.250 | 10/29/25 | 2,672,259 | ||||||||||||
| 2,000,000 | g | Nederlandse Waterschapsbank NV | 3.125 | 12/05/22 | 2,067,563 | ||||||||||||
| 1,425,000 | g | Nigeria Government International Bond | 6.500 | 11/28/27 | 1,478,384 | ||||||||||||
| 345,000 | g | Nigeria Government International Bond | 7.875 | 02/16/32 | 359,163 | ||||||||||||
| 400,000 | g | Oman Government International Bond | 6.750 | 10/28/27 | 444,944 | ||||||||||||
| 2,090,000 | g | Oman Government International Bond | 6.000 | 08/01/29 | 2,200,335 | ||||||||||||
| 1,500,000 | g | Oman Government International Bond | 6.250 | 01/25/31 | 1,605,631 | ||||||||||||
| 400,000 | e,g | Oman Sovereign Sukuk Co | 4.875 | 06/15/30 | 420,869 | ||||||||||||
| 970,000 | g | Pakistan Government International Bond | 6.875 | 12/05/27 | 975,497 | ||||||||||||
| 2,645,000 | Panama Bonos del Tesoro | 3.362 | 06/30/31 | 2,664,837 | |||||||||||||
| 3,000,000 | Panama Government International Bond | 4.300 | 04/29/53 | 3,173,490 | |||||||||||||
| 3,225,000 | Panama Notas del Tesoro | 3.750 | 04/17/26 | 3,460,425 | |||||||||||||
| 475,000 | g | Paraguay Government International Bond | 4.700 | 03/27/27 | 526,067 | ||||||||||||
| 1,275,000 | g | Paraguay Government International Bond | 5.400 | 03/30/50 | 1,463,075 | ||||||||||||
| 3,400,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 3,672,510 | ||||||||||||
| 4,650,000 | g | Perusahaan Penerbit SBSN Indonesia III | 4.400 | 03/01/28 | 5,290,352 | ||||||||||||
| 1,435,000 | g | Perusahaan Penerbit SBSN Indonesia III | 2.550 | 06/09/31 | 1,456,855 | ||||||||||||
| 79,483 | g | Petroamazonas EP | 4.625 | 12/06/21 | 79,006 | ||||||||||||
| 2,600,000 | Philippine Government International Bond | 3.750 | 01/14/29 | 2,894,333 | |||||||||||||
| 620,000 | Province of Quebec Canada | 7.500 | 09/15/29 | 884,103 | |||||||||||||
| 1,500,000 | g | Provincia de Mendoza Argentina (Step Bond) | 4.250 | 03/19/29 | 1,050,000 | ||||||||||||
| 450,000 | g | Qatar Government International Bond | 3.400 | 04/16/25 | 485,334 | ||||||||||||
| 2,200,000 | g | Qatar Government International Bond | 3.750 | 04/16/30 | 2,479,692 | ||||||||||||
| 191 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 3,300,000 | g | Qatar Government International Bond | 4.400 | % | 04/16/50 | $ | 4,026,641 | |||||||||
| 475,000 | g | Republic of Azerbaijan Government International Bond | 5.125 | 09/01/29 | 528,265 | ||||||||||||
| GHS | 14,700,000 | Republic of Ghana Government Bonds | 16.500 | 02/06/23 | 2,454,983 | ||||||||||||
| $ | 5,000,000 | Republic of Italy Government International Bond | 4.000 | 10/17/49 | 5,519,042 | ||||||||||||
| 2,200,000 | g | Republic of Paraguay | 6.100 | 08/11/44 | 2,678,522 | ||||||||||||
| UZS | 7,990,000,000 | g | Republic of Uzbekistan Bond | 14.500 | 11/25/23 | 739,815 | |||||||||||
| $ | 2,150,000 | g | Republic of Uzbekistan Bond | 4.750 | 02/20/24 | 2,251,077 | |||||||||||
| 675,000 | g | Republic of Uzbekistan Bond | 3.700 | 11/25/30 | 653,624 | ||||||||||||
| 410,000 | g | Republic of Uzbekistan Government International Bond | 5.375 | 02/20/29 | 446,854 | ||||||||||||
| UZS | 7,600,000,000 | g | Republic of Uzbekistan International Bond | 14.000 | 07/19/24 | 725,028 | |||||||||||
| $ | 2,000,000 | g | Romanian Government International Bond | 3.000 | 02/14/31 | 2,039,744 | |||||||||||
| 1,425,000 | g | Romanian Government International Bond | 4.000 | 02/14/51 | 1,418,878 | ||||||||||||
| RUB | 147,000,000 | Russian Federal Bond-OFZ | 6.000 | 10/06/27 | 1,907,200 | ||||||||||||
| $ | 1,600,000 | g | Russian Foreign Bond - Eurobond | 5.100 | 03/28/35 | 1,915,312 | |||||||||||
| 3,825,000 | g | Rwanda International Government Bond | 5.500 | 08/09/31 | 3,981,966 | ||||||||||||
| 2,900,000 | g | Saudi Government International Bond | 4.500 | 04/17/30 | 3,398,528 | ||||||||||||
| 2,810,000 | g | Saudi Government International Bond | 3.750 | 01/21/55 | 2,930,577 | ||||||||||||
| 1,225,000 | g | Serbia International Bond | 2.125 | 12/01/30 | 1,146,975 | ||||||||||||
| RSD | 290,000,000 | Serbia Treasury Bonds | 5.875 | 02/08/28 | 3,351,470 | ||||||||||||
| $ | 2,000,000 | South Africa Government International Bond | 5.875 | 09/16/25 | 2,240,000 | ||||||||||||
| ZAR | 22,300,000 | South Africa Government International Bond | 7.000 | 02/28/31 | 1,244,846 | ||||||||||||
| 23,400,000 | South Africa Government International Bond | 8.750 | 01/31/44 | 1,280,863 | |||||||||||||
| $ | 2,895,000 | South Africa Government International Bond | 5.375 | 07/24/44 | 2,725,810 | ||||||||||||
| 2,900,000 | g | Southern Gas Corridor CJSC | 6.875 | 03/24/26 | 3,412,836 | ||||||||||||
| 2,050,000 | State of Israel | 3.375 | 01/15/50 | 2,171,409 | |||||||||||||
| 1,110,000 | State of Israel | 3.800 | 05/13/60 | 1,232,970 | |||||||||||||
| THB | 49,000,000 | Thailand Government International Bond | 3.300 | 06/17/38 | 1,608,554 | ||||||||||||
| $ | 3,000,000 | g | Turkiye Ihracat Kredi Bankasi AS. | 5.750 | 07/06/26 | 2,937,899 | |||||||||||
| 1,225,000 | g | Ukraine Government International Bond | 9.750 | 11/01/28 | 1,437,929 | ||||||||||||
| EUR | 1,700,000 | g | Ukraine Government International Bond | 4.375 | 01/27/30 | 1,820,000 | |||||||||||
| UYU | 98,000,000 | g | Uruguay Government International Bond | 9.875 | 06/20/22 | 2,332,135 | |||||||||||
| $ | 1,776,946 | Uruguay Government International Bond | 4.375 | 01/23/31 | 2,054,558 | ||||||||||||
| 575,000 | Uruguay Government International Bond | 4.125 | 11/20/45 | 670,352 | |||||||||||||
| 925,000 | Uruguay Government International Bond | 5.100 | 06/18/50 | 1,175,703 | |||||||||||||
| 1,200,000 | g | Zambia Government International Bond | 8.500 | 04/14/24 | 936,420 | ||||||||||||
| TOTAL FOREIGN GOVERNMENT BONDS | 300,330,128 | ||||||||||||||||
| MORTGAGE BACKED - 23.8% | |||||||||||||||||
| 2 | Federal Home Loan Mortgage Corp (FHLMC) | 7.500 | 11/15/21 | 2 | |||||||||||||
| 72 | FHLMC | 6.000 | 05/15/22 | 73 | |||||||||||||
| 9,825,000 | FHLMC | 3.000 | 10/15/33 | 10,523,500 | |||||||||||||
| 2,138,161 | FHLMC | 3.500 | 08/15/43 | 2,187,657 | |||||||||||||
| 10,050,348 | FHLMC | 3.500 | 03/15/44 | 10,644,085 | |||||||||||||
| 2,938,134 | i | FHLMC | LIBOR 1 M + 5.920% | 5.836 | 03/15/44 | 520,913 | |||||||||||
| 9,499,414 | FHLMC | 4.000 | 10/01/47 | 10,506,117 | |||||||||||||
| 4,508,470 | i | FHLMC | LIBOR 1 M + 9.920% | 9.786 | 06/15/48 | 5,208,770 | |||||||||||
| 21,671 | FHLMC | 4.000 | 07/01/48 | 23,856 | |||||||||||||
| 4,888,157 | i | FHLMC | LIBOR 1 M + 9.840% | 9.706 | 10/15/48 | 5,829,883 | |||||||||||
| 27,313,888 | FHLMC | 4.000 | 09/01/49 | 29,938,601 | |||||||||||||
| 13,478,879 | FHLMC | 2.000 | 09/25/50 | 1,578,258 | |||||||||||||
| 19,174,445 | FHLMC | 2.500 | 11/25/50 | 3,183,725 | |||||||||||||
| 192 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 25,226,622 | FHLMC | 2.500 | % | 02/25/51 | $ | 4,352,584 | ||||||||||
| 7,128,432 | h | FHLMC | 3.000 | 09/01/51 | 7,707,430 | ||||||||||||
| 394 | Federal Home Loan Mortgage Corp Gold (FGLMC) | 8.000 | 01/01/31 | 401 | |||||||||||||
| 7,367 | FGLMC | 8.000 | 09/01/31 | 8,271 | |||||||||||||
| 68,300 | FGLMC | 7.000 | 12/01/31 | 77,379 | |||||||||||||
| 47,868 | FGLMC | 4.500 | 07/01/33 | 53,260 | |||||||||||||
| 343,897 | FGLMC | 7.000 | 12/01/33 | 394,214 | |||||||||||||
| 106,352 | FGLMC | 4.500 | 04/01/35 | 118,290 | |||||||||||||
| 98,332 | FGLMC | 7.000 | 05/01/35 | 111,308 | |||||||||||||
| 1,930,339 | FGLMC | 5.000 | 06/01/36 | 2,200,731 | |||||||||||||
| 74,705 | FGLMC | 5.000 | 07/01/39 | 85,478 | |||||||||||||
| 1,686,857 | FGLMC | 5.000 | 08/01/44 | 1,927,428 | |||||||||||||
| 105,438 | FGLMC | 4.500 | 11/01/44 | 117,529 | |||||||||||||
| 163,824 | FGLMC | 4.500 | 11/01/44 | 182,828 | |||||||||||||
| 84,029 | FGLMC | 4.500 | 12/01/44 | 92,318 | |||||||||||||
| 104,178 | FGLMC | 4.500 | 12/01/44 | 115,437 | |||||||||||||
| 678,406 | FGLMC | 3.500 | 04/01/45 | 742,357 | |||||||||||||
| 14,794,236 | FGLMC | 3.500 | 08/01/45 | 16,259,184 | |||||||||||||
| 16,253,375 | FGLMC | 3.500 | 10/01/45 | 17,745,862 | |||||||||||||
| 3,366,831 | FGLMC | 4.000 | 12/01/45 | 3,736,037 | |||||||||||||
| 19,583,275 | FGLMC | 3.500 | 08/01/46 | 21,380,422 | |||||||||||||
| 5,619,562 | FGLMC | 4.500 | 06/01/47 | 6,291,158 | |||||||||||||
| 4,590,874 | FGLMC | 4.000 | 09/01/47 | 5,077,545 | |||||||||||||
| 4,961,782 | FGLMC | 3.500 | 12/01/47 | 5,376,435 | |||||||||||||
| 2,460,293 | FGLMC | 4.000 | 07/01/48 | 2,709,147 | |||||||||||||
| 12,646,626 | FGLMC | 4.500 | 08/01/48 | 14,124,919 | |||||||||||||
| 99 | Federal National Mortgage Association (FNMA) | 8.000 | 07/01/24 | 106 | |||||||||||||
| 125 | FNMA | 7.500 | 01/01/29 | 137 | |||||||||||||
| 851 | FNMA | 7.500 | 03/01/31 | 1,000 | |||||||||||||
| 1,165,447 | FNMA | 3.500 | 05/01/32 | 1,251,722 | |||||||||||||
| 3,267,771 | FNMA | 3.000 | 10/01/32 | 3,452,677 | |||||||||||||
| 99,000,000 | h | FNMA | 2.500 | 10/25/32 | 103,134,023 | ||||||||||||
| 745,498 | FNMA | 3.500 | 11/01/32 | 805,435 | |||||||||||||
| 710,827 | FNMA | 5.000 | 05/01/35 | 809,391 | |||||||||||||
| 557,506 | FNMA | 5.000 | 10/01/35 | 635,755 | |||||||||||||
| 136,100,000 | h | FNMA | 2.000 | 10/25/35 | 140,167,050 | ||||||||||||
| 287,614 | FNMA | 5.000 | 02/01/36 | 328,161 | |||||||||||||
| 13,900,000 | h | FNMA | 1.500 | 10/25/36 | 14,037,371 | ||||||||||||
| 355,599 | FNMA | 5.500 | 11/01/38 | 415,114 | |||||||||||||
| 249,536 | FNMA | 5.500 | 03/01/39 | 288,871 | |||||||||||||
| 4,521,995 | FNMA | 3.000 | 10/01/39 | 4,731,353 | |||||||||||||
| 2,080,119 | FNMA | 3.000 | 05/01/40 | 2,186,842 | |||||||||||||
| 483,356 | FNMA | 5.000 | 09/01/40 | 546,490 | |||||||||||||
| 247,380 | FNMA | 4.000 | 02/01/41 | 272,775 | |||||||||||||
| 495,899 | FNMA | 5.000 | 05/01/41 | 566,529 | |||||||||||||
| 7,587,500 | FNMA | 4.000 | 09/01/42 | 8,285,065 | |||||||||||||
| 820,865 | FNMA | 3.500 | 04/01/43 | 896,142 | |||||||||||||
| 2,906,964 | FNMA | 3.000 | 04/25/43 | 2,997,136 | |||||||||||||
| 734,156 | FNMA | 3.500 | 09/01/43 | 802,610 | |||||||||||||
| 3,573,153 | i | FNMA | LIBOR 1 M + 5.950% | 5.864 | 09/25/43 | 664,028 | |||||||||||
| 2,291,919 | FNMA | 4.000 | 01/01/44 | 2,536,703 | |||||||||||||
| 193 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,146,954 | FNMA | 4.500 | % | 03/01/44 | $ | 2,415,791 | ||||||||||
| 512,218 | FNMA | 4.500 | 06/01/44 | 565,710 | |||||||||||||
| 3,043,635 | FNMA | 4.500 | 06/01/44 | 3,391,582 | |||||||||||||
| 552,582 | FNMA | 3.500 | 07/01/44 | 597,938 | |||||||||||||
| 1,839,050 | FNMA | 4.500 | 08/01/44 | 2,049,293 | |||||||||||||
| 2,455,448 | FNMA | 4.500 | 10/01/44 | 2,736,165 | |||||||||||||
| 1,829,025 | FNMA | 4.500 | 11/01/44 | 2,026,050 | |||||||||||||
| 1,644,855 | FNMA | 5.000 | 11/01/44 | 1,871,112 | |||||||||||||
| 479,075 | FNMA | 4.500 | 12/01/44 | 533,845 | |||||||||||||
| 1,649,930 | FNMA | 4.000 | 01/01/45 | 1,801,656 | |||||||||||||
| 5,072,812 | FNMA | 3.000 | 02/25/45 | 5,257,782 | |||||||||||||
| 874,012 | FNMA | 3.000 | 02/25/45 | 894,217 | |||||||||||||
| 137,305 | FNMA | 3.500 | 03/01/45 | 148,385 | |||||||||||||
| 153,251 | FNMA | 3.500 | 03/01/45 | 167,424 | |||||||||||||
| 1,365,705 | FNMA | 3.000 | 03/25/45 | 1,406,821 | |||||||||||||
| 2,695,248 | FNMA | 3.500 | 04/25/45 | 2,784,729 | |||||||||||||
| 1,813,131 | FNMA | 3.500 | 05/01/45 | 1,991,968 | |||||||||||||
| 2,770,294 | FNMA | 4.000 | 06/01/45 | 3,049,376 | |||||||||||||
| 3,772,562 | FNMA | 4.000 | 12/01/45 | 4,173,036 | |||||||||||||
| 5,947,824 | FNMA | 3.000 | 12/25/45 | 6,104,486 | |||||||||||||
| 3,673,431 | FNMA | 3.500 | 01/01/46 | 4,009,371 | |||||||||||||
| 3,234,864 | FNMA | 4.000 | 01/01/46 | 3,580,515 | |||||||||||||
| 2,795,792 | FNMA | 4.000 | 03/01/46 | 3,089,058 | |||||||||||||
| 1,674,538 | FNMA | 4.000 | 04/01/46 | 1,843,354 | |||||||||||||
| 2,875,820 | FNMA | 3.500 | 06/01/46 | 3,138,826 | |||||||||||||
| 5,526,210 | FNMA | 3.500 | 07/01/46 | 6,031,604 | |||||||||||||
| 12,512,411 | FNMA | 3.500 | 07/01/46 | 13,649,215 | |||||||||||||
| 2,234,460 | FNMA | 3.000 | 10/01/46 | 2,308,726 | |||||||||||||
| 1,722,880 | FNMA | 3.500 | 10/01/46 | 1,875,075 | |||||||||||||
| 11,196,727 | FNMA | 3.000 | 11/01/46 | 11,835,427 | |||||||||||||
| 2,007,143 | FNMA | 3.000 | 04/25/47 | 2,126,582 | |||||||||||||
| 2,946,645 | FNMA | 4.500 | 05/01/47 | 3,288,280 | |||||||||||||
| 1,299,366 | FNMA | 3.500 | 09/01/47 | 1,396,822 | |||||||||||||
| 8,135,003 | FNMA | 4.000 | 09/01/47 | 8,788,660 | |||||||||||||
| 14,939,332 | FNMA | 4.000 | 09/01/47 | 16,106,181 | |||||||||||||
| 1,003,004 | FNMA | 3.000 | 11/01/47 | 1,033,301 | |||||||||||||
| 1,554,814 | FNMA | 3.000 | 11/01/47 | 1,602,852 | |||||||||||||
| 6,195,606 | FNMA | 3.500 | 11/01/47 | 6,758,599 | |||||||||||||
| 16,713,127 | FNMA | 4.000 | 12/01/47 | 18,461,347 | |||||||||||||
| 426,556 | FNMA | 4.000 | 12/01/47 | 460,142 | |||||||||||||
| 8,633,523 | FNMA | 3.500 | 01/01/48 | 9,391,848 | |||||||||||||
| 2,855,756 | FNMA | 3.500 | 01/01/48 | 3,117,428 | |||||||||||||
| 3,489,611 | FNMA | 4.500 | 01/01/48 | 3,885,428 | |||||||||||||
| 1,429,225 | FNMA | 4.500 | 02/01/48 | 1,591,017 | |||||||||||||
| 17,442,625 | FNMA | 3.000 | 02/25/48 | 18,382,718 | |||||||||||||
| 16,210,103 | FNMA | 3.500 | 03/01/48 | 17,241,423 | |||||||||||||
| 2,610,614 | FNMA | 4.000 | 03/01/48 | 2,856,479 | |||||||||||||
| 5,776,290 | FNMA | 4.500 | 03/01/48 | 6,402,422 | |||||||||||||
| 2,354,531 | FNMA | 4.500 | 05/01/48 | 2,609,773 | |||||||||||||
| 1,727,155 | FNMA | 4.500 | 05/01/48 | 1,907,477 | |||||||||||||
| 3,967,748 | FNMA | 4.000 | 06/01/48 | 4,253,893 | |||||||||||||
| 2,661,246 | FNMA | 5.000 | 08/01/48 | 2,964,050 | |||||||||||||
| 36,454 | FNMA | 3.000 | 05/01/49 | 37,386 | |||||||||||||
| 502,033 | FNMA | 3.000 | 06/01/49 | 514,980 | |||||||||||||
| 194 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 5,563,490 | h | FNMA | 4.500 | % | 06/01/49 | $ | 6,119,711 | |||||||||
| 3,087,914 | FNMA | 3.000 | 08/01/49 | 3,321,541 | |||||||||||||
| 10,722,756 | FNMA | 3.000 | 01/25/50 | 11,215,400 | |||||||||||||
| 22,307,402 | FNMA | 3.000 | 07/01/50 | 23,897,118 | |||||||||||||
| 8,314,054 | FNMA | 2.000 | 08/25/50 | 977,413 | |||||||||||||
| 57,590,000 | h | FNMA | 3.000 | 10/25/50 | 60,260,286 | ||||||||||||
| 23,299,570 | FNMA | 2.500 | 11/25/50 | 3,285,740 | |||||||||||||
| 7,949,856 | FNMA | 3.000 | 02/25/51 | 1,179,922 | |||||||||||||
| 7,895,611 | h | FNMA | 3.500 | 08/01/51 | 8,516,778 | ||||||||||||
| 216,570,000 | h | FNMA | 2.000 | 10/25/51 | 217,153,725 | ||||||||||||
| 125,826,000 | h | FNMA | 2.500 | 10/25/51 | 129,733,487 | ||||||||||||
| 219,920,000 | h | FNMA | 2.000 | 11/25/51 | 220,117,585 | ||||||||||||
| 306,510,000 | h | FNMA | 2.500 | 11/25/51 | 315,429,919 | ||||||||||||
| 231,085,000 | h | FNMA | 3.000 | 11/25/51 | 241,498,356 | ||||||||||||
| 26,096,350 | g,i | Flagstar Mortgage Trust | 3.000 | 10/25/51 | 26,883,805 | ||||||||||||
| 32,250 | Government National Mortgage Association (GNMA) | 6.500 | 11/20/38 | 38,607 | |||||||||||||
| 11,180 | GNMA | 4.500 | 02/20/39 | 12,935 | |||||||||||||
| 282,913 | GNMA | 5.000 | 06/15/39 | 329,604 | |||||||||||||
| 15,173 | GNMA | 4.500 | 08/20/41 | 17,194 | |||||||||||||
| 33,679 | GNMA | 4.500 | 09/20/41 | 38,184 | |||||||||||||
| 9,915 | GNMA | 4.500 | 01/20/44 | 11,473 | |||||||||||||
| 6,651 | GNMA | 4.500 | 02/20/44 | 7,620 | |||||||||||||
| 21,118 | GNMA | 4.500 | 05/20/44 | 24,441 | |||||||||||||
| 66,215 | GNMA | 4.500 | 05/20/44 | 73,748 | |||||||||||||
| 103,686 | GNMA | 4.500 | 08/20/44 | 115,142 | |||||||||||||
| 88,190 | GNMA | 4.500 | 09/20/44 | 101,228 | |||||||||||||
| 51,881 | GNMA | 4.500 | 10/20/44 | 58,077 | |||||||||||||
| 26,748 | GNMA | 4.500 | 11/20/44 | 28,815 | |||||||||||||
| 72,653 | GNMA | 4.500 | 12/20/44 | 83,441 | |||||||||||||
| 80,192 | GNMA | 4.500 | 02/20/45 | 90,126 | |||||||||||||
| 173,652 | GNMA | 4.500 | 08/20/45 | 201,024 | |||||||||||||
| 139,575 | GNMA | 4.500 | 08/20/45 | 161,574 | |||||||||||||
| 102,705 | GNMA | 4.500 | 12/20/45 | 117,733 | |||||||||||||
| 2,687,513 | GNMA | 4.000 | 06/20/46 | 328,342 | |||||||||||||
| 75,270,000 | h | GNMA | 3.000 | 10/20/46 | 78,639,509 | ||||||||||||
| 62,200,000 | h | GNMA | 3.000 | 11/20/47 | 64,875,086 | ||||||||||||
| 6,381,529 | GNMA | 3.500 | 01/20/49 | 6,919,375 | |||||||||||||
| 52,850,000 | h | GNMA | 2.000 | 10/20/51 | 53,611,784 | ||||||||||||
| 249,550,000 | h | GNMA | 2.500 | 10/20/51 | 257,611,635 | ||||||||||||
| 56,320,000 | h | GNMA | 2.000 | 11/20/51 | 57,024,001 | ||||||||||||
| 10,172,842 | g,i | JP Morgan Mortgage Trust | 2.500 | 01/25/52 | 10,192,710 | ||||||||||||
| 9,299,455 | g,i | Morgan Stanley Residential Mortgage Loan Trust | 2.500 | 08/25/51 | 9,323,429 | ||||||||||||
| TOTAL MORTGAGE BACKED | 2,521,081,126 | ||||||||||||||||
| MUNICIPAL BONDS - 1.6% | |||||||||||||||||
| 5,440,000 | Alabama Economic Settlement Authority | 3.163 | 09/15/25 | 5,763,649 | |||||||||||||
| 990,000 | Chicago Housing Authority | 3.682 | 01/01/25 | 1,068,720 | |||||||||||||
| 380,000 | City & County of San Francisco CA Community Facilities District | 3.028 | 09/01/23 | 397,295 | |||||||||||||
| 550,000 | City & County of San Francisco CA Community Facilities District | 4.038 | 09/01/34 | 613,685 | |||||||||||||
| 195 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 4,945,000 | City of New York NY | 3.200 | % | 12/01/26 | $ | 5,411,136 | ||||||||||
| 2,215,000 | Commonwealth Financing Authority | 3.864 | 06/01/38 | 2,516,767 | |||||||||||||
| 815,000 | County of Miami-Dade FL Aviation Revenue | 1.885 | 10/01/21 | 815,000 | |||||||||||||
| 1,060,000 | County of Miami-Dade FL Aviation Revenue | 1.885 | 10/01/21 | 1,060,000 | |||||||||||||
| 1,500,000 | County of Miami-Dade FL Aviation Revenue | 2.218 | 10/01/22 | 1,527,903 | |||||||||||||
| 2,500,000 | County of Miami-Dade FL Aviation Revenue | 3.285 | 10/01/23 | 2,635,011 | |||||||||||||
| 3,500,000 | County of Miami-Dade FL Aviation Revenue | 2.504 | 10/01/24 | 3,670,378 | |||||||||||||
| 2,250,000 | County of Miami-Dade FL Aviation Revenue | 3.405 | 10/01/24 | 2,419,284 | |||||||||||||
| 3,500,000 | County of Miami-Dade FL Aviation Revenue | 2.604 | 10/01/25 | 3,697,589 | |||||||||||||
| 2,380,000 | County of Miami-Dade FL Aviation Revenue | 3.505 | 10/01/25 | 2,597,782 | |||||||||||||
| 2,500,000 | County of Miami-Dade FL Aviation Revenue | 2.704 | 10/01/26 | 2,652,805 | |||||||||||||
| 2,000,000 | County of Miami-Dade FL Aviation Revenue | 3.049 | 10/01/26 | 2,155,371 | |||||||||||||
| 3,750,000 | County of Miami-Dade FL Aviation Revenue | 3.612 | 10/01/26 | 4,142,681 | |||||||||||||
| 470,000 | County of Miami-Dade FL Aviation Revenue | 4.280 | 10/01/41 | 517,239 | |||||||||||||
| 4,265,000 | Denver City & County School District No. 1 | 3.598 | 12/15/27 | 4,755,736 | |||||||||||||
| 1,000,000 | Los Angeles County Redevelopment Agency | 2.000 | 09/01/22 | 1,015,688 | |||||||||||||
| 4,805,000 | Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy | 3.375 | 09/01/35 | 5,211,468 | |||||||||||||
| 6,650,000 | Michigan Finance Authority | 2.988 | 09/01/49 | 6,981,231 | |||||||||||||
| 3,400,000 | New Jersey Economic Development Authority | 7.425 | 02/15/29 | 4,356,099 | |||||||||||||
| 4,075,000 | New York State Dormitory Authority | 4.294 | 07/01/44 | 4,642,260 | |||||||||||||
| 810,000 | Oklahoma City Economic Development Trust | 3.440 | 09/01/24 | 874,215 | |||||||||||||
| 2,000,000 | Port of Seattle WA | 3.471 | 05/01/31 | 2,175,317 | |||||||||||||
| 1,625,000 | Port of Seattle WA | 3.571 | 05/01/32 | 1,767,856 | |||||||||||||
| 1,000,000 | Regents of the University of California Medical Center Pooled Revenue | 2.037 | 05/15/23 | 1,024,903 | |||||||||||||
| 1,000,000 | Regents of the University of California Medical Center Pooled Revenue | 2.259 | 05/15/24 | 1,037,698 | |||||||||||||
| 1,250,000 | Regents of the University of California Medical Center Pooled Revenue | 2.359 | 05/15/25 | 1,306,332 | |||||||||||||
| 1,785,000 | Regents of the University of California Medical Center Pooled Revenue | 2.459 | 05/15/26 | 1,872,278 | |||||||||||||
| 1,600,000 | Regents of the University of California Medical Center Pooled Revenue | 2.559 | 05/15/27 | 1,683,839 | |||||||||||||
| 3,980,000 | Rhode Island Convention Center Authority | 3.195 | 05/15/26 | 4,301,449 | |||||||||||||
| 875,000 | San Francisco City & County Redevelopment Agency | 3.113 | 08/01/22 | 893,555 | |||||||||||||
| 6,365,000 | San Jose Redevelopment Agency | 3.375 | 08/01/34 | 6,940,725 | |||||||||||||
| 660,000 | Santa Ana Community Redevelopment Agency Successor Agency | 3.567 | 09/01/23 | 699,502 | |||||||||||||
| 13,060,000 | State of California | 4.600 | 04/01/38 | 15,136,961 | |||||||||||||
| 21,060,000 | State of Illinois | 5.100 | 06/01/33 | 24,546,409 | |||||||||||||
| 10,500,000 | State of Michigan | 1.779 | 11/01/21 | 10,513,052 | |||||||||||||
| 9,900,000 | State of Wisconsin | 3.154 | 05/01/27 | 10,843,451 | |||||||||||||
| 1,763,000 | State Public School Building Authority | 5.000 | 09/15/27 | 2,078,679 | |||||||||||||
| 7,500,000 | Texas A&M University | 3.993 | 05/15/37 | 8,273,399 | |||||||||||||
| 2,000,000 | University of California | 2.439 | 05/15/24 | 2,090,524 | |||||||||||||
| 2,000,000 | University of California | 2.589 | 05/15/25 | 2,115,888 | |||||||||||||
| TOTAL MUNICIPAL BONDS | 170,800,809 | ||||||||||||||||
| U.S. TREASURY SECURITIES - 8.0% | |||||||||||||||||
| 1,900,000 | United States Treasury Bond | 4.750 | 02/15/37 | 2,681,449 | |||||||||||||
| 10,875,000 | United States Treasury Bond | 3.500 | 02/15/39 | 13,558,066 | |||||||||||||
| 16,015,000 | United States Treasury Bond | 3.875 | 08/15/40 | 20,999,669 | |||||||||||||
| 196 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 12,000,000 | United States Treasury Bond | 3.125 | % | 11/15/41 | $ | 14,291,250 | ||||||||||
| 1,380,000 | United States Treasury Bond | 2.500 | 05/15/46 | 1,493,257 | |||||||||||||
| 10,450,000 | United States Treasury Bond | 3.000 | 05/15/47 | 12,396,721 | |||||||||||||
| 1,255,000 | United States Treasury Bond | 2.750 | 08/15/47 | 1,424,474 | |||||||||||||
| 42,835,000 | United States Treasury Bond | 2.750 | 11/15/47 | 48,667,923 | |||||||||||||
| 55,445,000 | United States Treasury Bond | 3.000 | 02/15/48 | 65,927,570 | |||||||||||||
| 510,000 | United States Treasury Bond | 3.125 | 05/15/48 | 620,527 | |||||||||||||
| 45,841,000 | United States Treasury Bond | 3.375 | 11/15/48 | 58,397,136 | |||||||||||||
| 19,913,952 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 04/15/24 | 21,266,701 | ||||||||||||
| 8,600,000 | United States Treasury Note | 0.125 | 08/31/22 | 8,602,016 | |||||||||||||
| 4,800,000 | United States Treasury Note | 0.125 | 10/31/22 | 4,800,563 | |||||||||||||
| 1,640,000 | United States Treasury Note | 0.125 | 12/31/22 | 1,639,487 | |||||||||||||
| 1,000,000 | United States Treasury Note | 0.125 | 05/31/23 | 998,398 | |||||||||||||
| 372,285,000 | United States Treasury Note | 0.250 | 03/15/24 | 370,990,729 | |||||||||||||
| 49,725,000 | United States Treasury Note | 0.875 | 06/30/26 | 49,550,186 | |||||||||||||
| 43,825,000 | United States Treasury Note | 1.000 | 07/31/28 | 42,975,891 | |||||||||||||
| 2,068,000 | United States Treasury Note | 1.125 | 08/31/28 | 2,043,442 | |||||||||||||
| 2,850,000 | United States Treasury Note | 1.875 | 02/15/41 | 2,787,656 | |||||||||||||
| 13,532,000 | United States Treasury Note | 1.750 | 08/15/41 | 12,935,746 | |||||||||||||
| 2,481,000 | United States Treasury Note | 1.250 | 05/15/50 | 2,029,671 | |||||||||||||
| 64,940,000 | United States Treasury Note | 2.375 | 05/15/51 | 69,303,156 | |||||||||||||
| 11,444,300 | United States Treasury Note | 2.000 | 08/15/51 | 11,242,237 | |||||||||||||
| TOTAL U.S. TREASURY SECURITIES | 841,623,921 | ||||||||||||||||
| TOTAL GOVERNMENT BONDS | 3,907,555,171 | ||||||||||||||||
| (Cost $3,839,253,478) | |||||||||||||||||
| STRUCTURED ASSETS - 13.3% | |||||||||||||||||
| ASSET BACKED - 6.2% | |||||||||||||||||
| 950,000 | g | Affirm Asset Securitization Trust | 1.660 | 08/15/25 | 954,615 | ||||||||||||
| Series - 2021 A (Class C) | |||||||||||||||||
| 7,500,000 | g,i | AIMCO CLO Ltd | LIBOR 3 M + 1.380% | 1.506 | 10/15/31 | 7,501,957 | |||||||||||
| Series - 2020 11A (Class A1) | |||||||||||||||||
| 10,000,000 | g,i | AIMCO CLO Series | LIBOR 3 M + 1.050% | 1.184 | 04/20/34 | 10,001,540 | |||||||||||
| Series - 2017 AA (Class AR) | |||||||||||||||||
| 10,000,000 | g,i | AIMCO CLO Series | LIBOR 3 M + 1.500% | 1.634 | 04/20/34 | 10,012,380 | |||||||||||
| Series - 2017 AA (Class BR) | |||||||||||||||||
| 2,000,000 | g,i | Allegany Park CLO Ltd | LIBOR 3 M + 1.330% | 1.464 | 01/20/33 | 2,001,918 | |||||||||||
| Series - 2019 1A (Class A) | |||||||||||||||||
| 293,321 | American Airlines Pass Through Trust | 3.575 | 01/15/28 | 299,183 | |||||||||||||
| Series - 2016 1 (Class AA) | |||||||||||||||||
| 6,900,000 | American Express Credit Account Master Trust | 2.670 | 11/15/24 | 6,993,523 | |||||||||||||
| Series - 2019 2 (Class A) | |||||||||||||||||
| 804,583 | g | American Homes 4 Rent Trust | 3.786 | 10/17/36 | 849,441 | ||||||||||||
| Series - 2014 SFR2 (Class A) | |||||||||||||||||
| 3,250,000 | AmeriCredit Automobile Receivables Trust | 0.660 | 12/18/24 | 3,259,336 | |||||||||||||
| Series - 2020 2 (Class A3) | |||||||||||||||||
| 1,000,000 | AmeriCredit Automobile Receivables Trust | 2.130 | 03/18/26 | 1,025,695 | |||||||||||||
| Series - 2020 2 (Class D) | |||||||||||||||||
| 17,000,000 | AmeriCredit Automobile Receivables Trust | 1.210 | 12/18/26 | 16,920,440 | |||||||||||||
| Series - 2021 1 (Class D) | |||||||||||||||||
| 1,233,816 | g | AMSR Trust | 1.819 | 04/17/37 | 1,245,089 | ||||||||||||
| Series - 2020 SFR1 (Class A) | |||||||||||||||||
| 197 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 2,000,000 | g | AMSR Trust | 3.148 | % | 01/19/39 | $ | 2,056,571 | |||||||||
| Series - 2019 SFR1 (Class C) | |||||||||||||||||
| 1,865,000 | g | AMSR Trust | 3.247 | 01/19/39 | 1,929,603 | ||||||||||||
| Series - 2019 SFR1 (Class D) | |||||||||||||||||
| 2,722,500 | g | Applebee’s Funding LLC | 4.194 | 06/07/49 | 2,770,225 | ||||||||||||
| Series - 2019 1A (Class A2I) | |||||||||||||||||
| 55,677 | †,g | Asset Backed Funding Corp NIM Trust | 5.900 | 07/26/35 | 1 | ||||||||||||
| Series - 2005 WMC1 (Class N1) | |||||||||||||||||
| 4,000,000 | g | Avis Budget Rental Car Funding AESOP LLC | 3.450 | 03/20/23 | 4,031,638 | ||||||||||||
| Series - 2019 1A (Class A) | |||||||||||||||||
| 6,000,000 | g | Avis Budget Rental Car Funding AESOP LLC | 3.070 | 09/20/23 | 6,124,355 | ||||||||||||
| Series - 2017 1A (Class A) | |||||||||||||||||
| 8,500,000 | g | Avis Budget Rental Car Funding AESOP LLC | 2.970 | 03/20/24 | 8,774,951 | ||||||||||||
| Series - 2017 2A (Class A) | |||||||||||||||||
| 1,181,200 | g | Avis Budget Rental Car Funding AESOP LLC | 2.020 | 02/20/27 | 1,210,501 | ||||||||||||
| Series - 2020 2A (Class A) | |||||||||||||||||
| 6,800,000 | g | Avis Budget Rental Car Funding AESOP LLC | 1.630 | 08/20/27 | 6,776,609 | ||||||||||||
| Series - 2021 1A (Class B) | |||||||||||||||||
| 3,100,000 | g | Avis Budget Rental Car Funding AESOP LLC | 2.130 | 08/20/27 | 3,088,655 | ||||||||||||
| Series - 2021 1A (Class C) | |||||||||||||||||
| 2,000,000 | i | Bayview Financial Mortgage Pass-Through Trust | LIBOR 1 M + 0.975% | 1.060 | 02/28/41 | 2,001,277 | |||||||||||
| Series - 2006 A (Class M3) | |||||||||||||||||
| 3,943,860 | i | Bear Stearns Asset Backed Securities Trust | LIBOR 1 M + 1.005% | 1.091 | 04/25/36 | 3,942,236 | |||||||||||
| Series - 2006 SD1 (Class M1) | |||||||||||||||||
| 1,500,000 | g,i | Bonanza RE Ltd | U.S. Treasury Bill 3 M + 4.750% | 4.778 | 12/23/24 | 1,525,650 | |||||||||||
| 1,361,714 | g | BRE Grand Islander Timeshare Issuer LLC | 3.280 | 09/26/33 | 1,420,241 | ||||||||||||
| Series - 2019 A (Class A) | |||||||||||||||||
| 12,318,202 | g | Capital Automotive REIT | 3.870 | 04/15/47 | 12,348,346 | ||||||||||||
| Series - 2017 1A (Class A1) | |||||||||||||||||
| 5,465,979 | g | Capital Automotive REIT | 2.690 | 02/15/50 | 5,606,671 | ||||||||||||
| Series - 2020 1A (Class A1) | |||||||||||||||||
| 4,058,831 | g | Capital Automotive REIT | 1.440 | 08/15/51 | 4,057,045 | ||||||||||||
| Series - 2021 1A (Class A1) | |||||||||||||||||
| 8,400,000 | g | Capital Automotive REIT | 1.920 | 08/15/51 | 8,397,910 | ||||||||||||
| Series - 2021 1A (Class A3) | |||||||||||||||||
| 1,075,000 | CarMax Auto Owner Trust | 1.280 | 07/15/27 | 1,070,602 | |||||||||||||
| Series - 2021 1 (Class D) | |||||||||||||||||
| 5,855,750 | g | Cars Net Lease Mortgage Notes Series | 2.010 | 12/15/50 | 5,805,959 | ||||||||||||
| Series - 2020 1A (Class A1) | |||||||||||||||||
| 9,962,500 | g | Cars Net Lease Mortgage Notes Series | 3.100 | 12/15/50 | 10,215,813 | ||||||||||||
| Series - 2020 1A (Class A3) | |||||||||||||||||
| 2,500,000 | Carvana Auto Receivables Trust | 1.270 | 03/10/28 | 2,500,946 | |||||||||||||
| Series - 2021 N2 (Class D) | |||||||||||||||||
| 4,150,000 | g,i | Cayuga Park CLO Ltd | LIBOR 3 M + 1.650% | 1.000 | 07/17/34 | 4,152,951 | |||||||||||
| Series - 2020 1A (Class B1R) | |||||||||||||||||
| 409,295 | i | C-BASS Trust | LIBOR 1 M + 0.160% | 0.246 | 07/25/36 | 400,898 | |||||||||||
| Series - 2006 CB6 (Class A1) | |||||||||||||||||
| 8,817,685 | †,g,i | CBRE Realty Finance | LIBOR 3 M + 0.300% | 0.520 | 04/07/52 | 22,044 | |||||||||||
| Series - 2007 1A (Class A2) | |||||||||||||||||
| 9,250,681 | g | CF Hippolyta LLC | 1.690 | 07/15/60 | 9,376,024 | ||||||||||||
| Series - 2020 1 (Class A1) | |||||||||||||||||
| 198 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 2,813,211 | g | CF Hippolyta LLC | 1.990 | % | 07/15/60 | $ | 2,814,075 | |||||||||
| Series - 2020 1 (Class A2) | |||||||||||||||||
| 1,897,576 | g | CF Hippolyta LLC | 2.280 | 07/15/60 | 1,925,282 | ||||||||||||
| Series - 2020 1 (Class B1) | |||||||||||||||||
| 7,105,000 | Chase Issuance Trust | 1.530 | 01/15/25 | 7,223,460 | |||||||||||||
| Series - 2020 A1 (Class A1) | |||||||||||||||||
| 1,500,000 | g,i | CIFC Funding Ltd | LIBOR 3 M + 1.220% | 1.354 | 07/20/30 | 1,500,313 | |||||||||||
| Series - 2017 3A (Class A1) | |||||||||||||||||
| 5,000,000 | g,i | CIFC Funding Ltd | LIBOR 3 M + 1.650% | 1.784 | 08/24/32 | 5,000,000 | |||||||||||
| Series - 2020 2A (Class A1) | |||||||||||||||||
| 5,855,000 | g,i | CIFC Funding Ltd | LIBOR 3 M + 1.600% | 0.000 | 10/20/34 | 5,855,591 | |||||||||||
| Series - 2020 2A (Class BR) | |||||||||||||||||
| 2,175,000 | g,i | CIFC Funding Ltd | LIBOR 3 M + 2.050% | 0.000 | 10/20/34 | 2,175,220 | |||||||||||
| Series - 2020 2A (Class CR) | |||||||||||||||||
| 5,625,000 | g,i | CIFC Funding Ltd | LIBOR 3 M + 1.650% | 1.760 | 07/15/36 | 5,627,998 | |||||||||||
| Series - 2020 1A (Class BR) | |||||||||||||||||
| 2,000,000 | g,i | CIFC Funding Ltd | LIBOR 3 M + 2.000% | 2.110 | 07/15/36 | 2,001,416 | |||||||||||
| Series - 2020 1A (Class CR) | |||||||||||||||||
| 25,252 | CIT Group Home Equity Loan Trust (Step Bond) | 6.200 | 02/25/30 | 25,806 | |||||||||||||
| Series - 2002 1 (Class AF6) | |||||||||||||||||
| 1,058,693 | g | Corevest American Finance Trust | 1.832 | 03/15/50 | 1,075,325 | ||||||||||||
| Series - 2020 1 (Class A1) | |||||||||||||||||
| 1,607,200 | g | DB Master Finance LLC | 3.787 | 05/20/49 | 1,614,122 | ||||||||||||
| Series - 2019 1A (Class A2I) | |||||||||||||||||
| 1,102,500 | g | DB Master Finance LLC | 4.352 | 05/20/49 | 1,197,659 | ||||||||||||
| Series - 2019 1A (Class A23) | |||||||||||||||||
| 1,733,062 | g | Diamond Resorts Owner Trust | 2.890 | 02/20/32 | 1,777,557 | ||||||||||||
| Series - 2019 1A (Class A) | |||||||||||||||||
| 4,818,691 | g | Diamond Resorts Owner Trust | 2.050 | 11/21/33 | 4,852,389 | ||||||||||||
| Series - 2021 1A (Class B) | |||||||||||||||||
| 3,300,000 | i | Discover Card Execution Note Trust | LIBOR 1 M + 0.360% | 0.444 | 10/15/22 | 3,311,457 | |||||||||||
| Series - 2017 A7 (Class A7) | |||||||||||||||||
| 2,571,750 | g | Domino’s Pizza Master Issuer LLC | 4.474 | 10/25/45 | 2,665,112 | ||||||||||||
| Series - 2015 1A (Class A2II) | |||||||||||||||||
| 2,334,000 | g | Domino’s Pizza Master Issuer LLC | 4.116 | 07/25/48 | 2,416,554 | ||||||||||||
| Series - 2018 1A (Class A2I) | |||||||||||||||||
| 13,915,125 | g | Domino’s Pizza Master Issuer LLC | 2.662 | 04/25/51 | 14,310,537 | ||||||||||||
| Series - 2021 1A (Class A2I) | |||||||||||||||||
| 3,800,000 | g,i | Dryden 49 Senior Loan Fund | LIBOR 3 M + 1.600% | 1.734 | 07/18/30 | 3,800,179 | |||||||||||
| Series - 2017 49A (Class BR) | |||||||||||||||||
| 11,800,000 | g | DT Auto Owner Trust | 1.160 | 11/16/26 | 11,760,671 | ||||||||||||
| Series - 2021 1A (Class D) | |||||||||||||||||
| 2,495,037 | g,i | Ellington Loan Acquisition Trust | LIBOR 1 M + 1.100% | 1.184 | 05/25/37 | 2,498,598 | |||||||||||
| Series - 2007 2 (Class A2C) | |||||||||||||||||
| 25,427,956 | g | FNA VI LLC | 1.350 | 01/10/32 | 25,400,868 | ||||||||||||
| Series - 2021 1A (Class A) | |||||||||||||||||
| 1,985,000 | g | Hardee’s Funding LLC | 3.981 | 12/20/50 | 2,103,812 | ||||||||||||
| Series - 2020 1A (Class A2) | |||||||||||||||||
| 994,133 | g | HERO Funding Trust | 3.190 | 09/20/48 | 1,032,590 | ||||||||||||
| Series - 2017 3A (Class A1) | |||||||||||||||||
| 363,658 | g | HERO Funding Trust | 3.280 | 09/20/48 | 378,298 | ||||||||||||
| Series - 2017 2A (Class A1) | |||||||||||||||||
| 199 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,292,373 | g | HERO Funding Trust | 3.950 | % | 09/20/48 | $ | 1,364,196 | |||||||||
| Series - 2017 3A (Class A2) | |||||||||||||||||
| 727,316 | g | HERO Funding Trust | 4.070 | 09/20/48 | 765,566 | ||||||||||||
| Series - 2017 2A (Class A2) | |||||||||||||||||
| 11,850,000 | g | Hertz Vehicle Financing LLC | 1.560 | 12/26/25 | 11,898,641 | ||||||||||||
| Series - 2021 1A (Class B) | |||||||||||||||||
| 893,132 | g | Hilton Grand Vacations Trust | 2.660 | 12/26/28 | 912,453 | ||||||||||||
| Series - 2017 AA (Class A) | |||||||||||||||||
| 669,849 | g | Hilton Grand Vacations Trust | 2.960 | 12/26/28 | 682,267 | ||||||||||||
| Series - 2017 AA (Class B) | |||||||||||||||||
| 1,388,634 | g | Hilton Grand Vacations Trust | 2.340 | 07/25/33 | 1,425,073 | ||||||||||||
| Series - 2019 AA (Class A) | |||||||||||||||||
| 112,404 | i | Home Equity Asset Trust | LIBOR 1 M + 1.500% | 3.986 | 06/25/33 | 113,460 | |||||||||||
| Series - 2003 1 (Class M1) | |||||||||||||||||
| 3,954,867 | g | Horizon Aircraft Finance II Ltd | 3.721 | 07/15/39 | 3,965,112 | ||||||||||||
| Series - 2019 1 (Class A) | |||||||||||||||||
| 4,380,550 | g | Horizon Aircraft Finance III Ltd | 3.425 | 11/15/39 | 4,369,693 | ||||||||||||
| Series - 2019 2 (Class A) | |||||||||||||||||
| 799,963 | g,i | Invitation Homes Trust | LIBOR 1 M + 1.250% | 1.334 | 01/17/38 | 801,188 | |||||||||||
| Series - 2018 SFR4 (Class B) | |||||||||||||||||
| 1,321,207 | i | JP Morgan Mortgage Acquisition Trust | LIBOR 1 M + 0.320% | 0.406 | 03/25/37 | 1,314,214 | |||||||||||
| Series - 2007 CH3 (Class A1B) | |||||||||||||||||
| 3,671,421 | i | JP Morgan Mortgage Acquisition Trust | LIBOR 1 M + 0.160% | 0.246 | 06/25/37 | 3,630,676 | |||||||||||
| Series - 2007 CH5 (Class A1) | |||||||||||||||||
| 5,250,000 | g,i | La Vie Re Ltd | LIBOR 3 M + 2.850% | 2.866 | 10/06/23 | 5,252,100 | |||||||||||
| 7,250,000 | g,i | Madison Park Funding X Ltd | LIBOR 3 M + 1.600% | 1.734 | 01/20/29 | 7,250,218 | |||||||||||
| Series - 2012 10A (Class BR3) | |||||||||||||||||
| 530,000 | g,i | Magnetite XVIII Ltd | LIBOR 3 M + 1.500% | 1.625 | 11/15/28 | 530,627 | |||||||||||
| Series - 2016 18A (Class BR) | |||||||||||||||||
| 4,904,000 | g | MAPS Trust | 2.521 | 06/15/46 | 4,929,777 | ||||||||||||
| Series - 2021 1A (Class A) | |||||||||||||||||
| 4,600,199 | g | MVW LLC | 1.440 | 01/22/41 | 4,595,781 | ||||||||||||
| Series - 2021 1WA (Class B) | |||||||||||||||||
| 2,898,126 | g | MVW LLC | 1.940 | 01/22/41 | 2,908,283 | ||||||||||||
| Series - 2021 1WA (Class C) | |||||||||||||||||
| 2,378,055 | g | MVW Owner Trust | 3.000 | 11/20/36 | 2,417,746 | ||||||||||||
| Series - 2019 1A (Class B) | |||||||||||||||||
| 3,193,302 | g | Navient Private Education Refi Loan Trust | 1.310 | 01/15/69 | 3,214,727 | ||||||||||||
| Series - 2020 HA (Class A) | |||||||||||||||||
| 2,000,000 | g | Navient Private Education Refi Loan Trust | 2.780 | 01/15/69 | 2,055,212 | ||||||||||||
| Series - 2020 HA (Class B) | |||||||||||||||||
| 1,791,961 | g | Navient Student Loan Trust | 3.390 | 12/15/59 | 1,866,398 | ||||||||||||
| Series - 2019 BA (Class A2A) | |||||||||||||||||
| 16,000,000 | g,i | Neuberger Berman Loan Advisers CLO 31 Ltd | LIBOR 3 M + 1.550% | 1.684 | 04/20/31 | 16,008,864 | |||||||||||
| Series - 2019 31A (Class BR) | |||||||||||||||||
| 6,750,000 | g,i | Neuberger Berman Loan Advisers Clo 40 Ltd | LIBOR 3 M + 1.400% | 1.526 | 04/16/33 | 6,755,204 | |||||||||||
| Series - 2021 40A (Class B) | |||||||||||||||||
| 5,649,820 | g | Oak Street Investment Grade Net Lease Fund Series | 1.480 | 01/20/51 | 5,639,092 | ||||||||||||
| Series - 2021 1A (Class A1) | |||||||||||||||||
| 9,500,000 | g,i | OHA Credit Funding 7 Ltd | LIBOR 3 M + 1.250% | 1.384 | 10/19/32 | 9,500,779 | |||||||||||
| Series - 2020 7A (Class A) | |||||||||||||||||
| 9,255,000 | g | OneMain Financial Issuance Trust | 3.840 | 05/14/32 | 9,565,925 | ||||||||||||
| Series - 2020 1A (Class A) | |||||||||||||||||
| 200 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 10,000,000 | g | OneMain Financial Issuance Trust | 1.750 | % | 09/14/35 | $ | 10,131,517 | |||||||||
| Series - 2020 2A (Class A) | |||||||||||||||||
| 7,250,000 | g | Oportun Funding XIV LLC | 1.210 | 03/08/28 | 7,269,363 | ||||||||||||
| Series - 2021 A (Class A) | |||||||||||||||||
| 3,515,000 | g | Oportun Issuance Trust | 1.960 | 05/08/31 | 3,524,365 | ||||||||||||
| Series - 2021 B (Class B) | |||||||||||||||||
| 759,860 | g | Orange Lake Timeshare Trust | 3.100 | 11/08/30 | 780,024 | ||||||||||||
| Series - 2018 A (Class A) | |||||||||||||||||
| 3,500,000 | g | PFS Financing Corp | 0.930 | 08/15/24 | 3,518,913 | ||||||||||||
| Series - 2020 F (Class A) | |||||||||||||||||
| 5,300,000 | g | PFS Financing Corp | 1.270 | 06/15/25 | 5,364,866 | ||||||||||||
| Series - 2020 A (Class A) | |||||||||||||||||
| 2,500,000 | g | PFS Financing Corp | 1.000 | 10/15/25 | 2,519,833 | ||||||||||||
| Series - 2020 E (Class A) | |||||||||||||||||
| 3,688,000 | g | PFS Financing Corp | 0.970 | 02/15/26 | 3,709,513 | ||||||||||||
| Series - 2020 G (Class A) | |||||||||||||||||
| 3,000,000 | g | PFS Financing Corp | 0.710 | 04/15/26 | 2,993,561 | ||||||||||||
| Series - 2021 A (Class A) | |||||||||||||||||
| 6,750,000 | g | PFS Financing Corp | 0.960 | 04/15/26 | 6,744,394 | ||||||||||||
| Series - 2021 A (Class B) | |||||||||||||||||
| 200,000 | g | Progress Residential Trust | 2.937 | 10/17/36 | 202,844 | ||||||||||||
| Series - 2019 SFR4 (Class B) | |||||||||||||||||
| 5,180,000 | g | Progress Residential Trust | 2.082 | 10/17/38 | 5,137,114 | ||||||||||||
| Series - 2021 SFR8 (Class D) | |||||||||||||||||
| 517,257 | i | RASC Trust | LIBOR 1 M + 0.590% | 3.080 | 08/25/35 | 517,483 | |||||||||||
| Series - 2005 KS8 (Class M4) | |||||||||||||||||
| 4,521,679 | g | Renew | 3.950 | 09/20/53 | 4,779,379 | ||||||||||||
| Series - 2018 1 (Class A) | |||||||||||||||||
| 6,600,000 | Santander Drive Auto Receivables Trust | 2.220 | 09/15/26 | 6,727,771 | |||||||||||||
| Series - 2020 2 (Class D) | |||||||||||||||||
| 4,975,000 | g | ServiceMaster Funding LLC | 2.841 | 10/30/51 | 5,063,346 | ||||||||||||
| Series - 2020 1 (Class A2I) | |||||||||||||||||
| 11,809,650 | g | SERVPRO Master Issuer LLC | 3.882 | 10/25/49 | 12,317,016 | ||||||||||||
| Series - 2019 1A (Class A2) | |||||||||||||||||
| 9,975,000 | g | SERVPRO Master Issuer LLC | 2.394 | 04/25/51 | 10,020,057 | ||||||||||||
| Series - 2021 1A (Class A2) | |||||||||||||||||
| 3,772,518 | †,g | Settlement Fee Finance LLC | 3.840 | 11/01/49 | 3,740,527 | ||||||||||||
| Series - 2019 1A (Class A) | |||||||||||||||||
| 657,282 | g | Sierra Timeshare Receivables Funding LLC | 2.430 | 10/20/33 | 657,779 | ||||||||||||
| Series - 2016 3A (Class A) | |||||||||||||||||
| 404,481 | g | Sierra Timeshare Receivables Funding LLC | 2.630 | 10/20/33 | 404,707 | ||||||||||||
| Series - 2016 3A (Class B) | |||||||||||||||||
| 2,045,531 | g | Sierra Timeshare Receivables Funding LLC | 2.910 | 03/20/34 | 2,059,271 | ||||||||||||
| Series - 2017 1A (Class A) | |||||||||||||||||
| 138,774 | g | Sierra Timeshare Receivables Funding LLC | 3.200 | 03/20/34 | 139,455 | ||||||||||||
| Series - 2017 1A (Class B) | |||||||||||||||||
| 1,648,941 | g | Sierra Timeshare Receivables Funding LLC | 3.650 | 06/20/35 | 1,693,132 | ||||||||||||
| Series - 2018 2A (Class B) | |||||||||||||||||
| 1,433,850 | g | Sierra Timeshare Receivables Funding LLC | 3.200 | 01/20/36 | 1,479,222 | ||||||||||||
| Series - 2019 1A (Class A) | |||||||||||||||||
| 3,270,161 | g | Sierra Timeshare Receivables Funding LLC | 0.990 | 11/20/37 | 3,273,196 | ||||||||||||
| Series - 2021 1A (Class A) | |||||||||||||||||
| 3,545,737 | g | Sierra Timeshare Receivables Funding LLC | 1.340 | 11/20/37 | 3,542,334 | ||||||||||||
| Series - 2021 1A (Class B) | |||||||||||||||||
| 201 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,965,771 | g | Sierra Timeshare Receivables Funding LLC | 1.790 | % | 11/20/37 | $ | 1,968,597 | |||||||||
| Series - 2021 1A (Class C) | |||||||||||||||||
| 3,882,012 | g | SMB Private Education Loan Trust | 2.430 | 02/17/32 | 3,969,977 | ||||||||||||
| Series - 2016 B (Class A2A) | |||||||||||||||||
| 2,566,696 | g | SMB Private Education Loan Trust | 2.880 | 09/15/34 | 2,635,161 | ||||||||||||
| Series - 2017 A (Class A2A) | |||||||||||||||||
| 2,088,714 | g | SMB Private Education Loan Trust | 2.820 | 10/15/35 | 2,155,933 | ||||||||||||
| Series - 2017 B (Class A2A) | |||||||||||||||||
| 1,052,679 | g | SoFi Professional Loan Program LLC | 2.340 | 04/25/33 | 1,069,960 | ||||||||||||
| Series - 2016 D (Class A2B) | |||||||||||||||||
| 751,370 | g | SoFi Professional Loan Program LLC | 2.490 | 01/25/36 | 756,804 | ||||||||||||
| Series - 2016 E (Class A2B) | |||||||||||||||||
| 771,016 | g | SoFi Professional Loan Program LLC | 2.760 | 12/26/36 | 776,264 | ||||||||||||
| Series - 2016 A (Class A2) | |||||||||||||||||
| 815,536 | g | SoFi Professional Loan Program LLC | 2.400 | 03/26/40 | 824,161 | ||||||||||||
| Series - 2017 A (Class A2B) | |||||||||||||||||
| 1,278,821 | g | SoFi Professional Loan Program LLC | 2.740 | 05/25/40 | 1,296,294 | ||||||||||||
| Series - 2017 B (Class A2FX) | |||||||||||||||||
| 599,669 | g | SoFi Professional Loan Program LLC | 2.630 | 07/25/40 | 607,639 | ||||||||||||
| Series - 2017 C (Class A2B) | |||||||||||||||||
| 1,394,870 | g | SoFi Professional Loan Program LLC | 2.720 | 11/26/40 | 1,415,520 | ||||||||||||
| Series - 2017 E (Class A2B) | |||||||||||||||||
| 2,905,730 | g | SoFi Professional Loan Program LLC | 2.840 | 01/25/41 | 2,971,728 | ||||||||||||
| Series - 2017 F (Class A2FX) | |||||||||||||||||
| 501,527 | g | SoFi Professional Loan Program LLC | 2.060 | 05/15/46 | 502,469 | ||||||||||||
| Series - 2020 A (Class A1FX) | |||||||||||||||||
| 1,842,583 | g | SoFi Professional Loan Program LLC | 3.690 | 06/15/48 | 1,902,254 | ||||||||||||
| Series - 2019 A (Class A2FX) | |||||||||||||||||
| 1,147,956 | g | SolarCity LMC | 4.800 | 11/20/38 | 1,198,200 | ||||||||||||
| Series - 2013 1 (Class A) | |||||||||||||||||
| 1,526,640 | g | SolarCity LMC | 4.020 | 07/20/44 | 1,552,837 | ||||||||||||
| Series - 2014 2 (Class A) | |||||||||||||||||
| 13,769,200 | g | Sonic Capital LLC | 3.845 | 01/20/50 | 14,487,043 | ||||||||||||
| Series - 2020 1A (Class A2I) | |||||||||||||||||
| 6,988,375 | g | SpringCastle America Funding LLC | 1.970 | 09/25/37 | 7,046,272 | ||||||||||||
| Series - 2020 AA (Class A) | |||||||||||||||||
| 5,500,000 | g | Stack Infrastructure Issuer LLC | 1.893 | 08/25/45 | 5,529,943 | ||||||||||||
| Series - 2020 1A (Class A2) | |||||||||||||||||
| 188,614 | i | Structured Asset Investment Loan Trust | LIBOR 1 M + 0.900% | 0.986 | 09/25/34 | 188,492 | |||||||||||
| Series - 2004 8 (Class M1) | |||||||||||||||||
| 839,003 | i | Structured Asset Investment Loan Trust | LIBOR 1 M + 1.000% | 1.086 | 09/25/34 | 845,399 | |||||||||||
| Series - 2004 8 (Class A9) | |||||||||||||||||
| 1,819,250 | g | Taco Bell Funding LLC | 4.970 | 05/25/46 | 1,948,333 | ||||||||||||
| Series - 2016 1A (Class A23) | |||||||||||||||||
| 12,840,000 | g | Taco Bell Funding LLC | 1.946 | 08/25/51 | 12,829,741 | ||||||||||||
| Series - 2021 1A (Class A2I) | |||||||||||||||||
| 9,840,000 | g | Taco Bell Funding LLC | 2.294 | 08/25/51 | 9,799,617 | ||||||||||||
| Series - 2021 1A (Class A2II) | |||||||||||||||||
| 4,000,000 | g | Tesla Auto Lease Trust | 0.680 | 12/20/23 | 4,016,978 | ||||||||||||
| Series - 2020 A (Class A3) | |||||||||||||||||
| 1,000,000 | g | Tesla Auto Lease Trust | 0.780 | 12/20/23 | 1,005,842 | ||||||||||||
| Series - 2020 A (Class A4) | |||||||||||||||||
| 8,800,000 | Toyota Auto Receivables Owner Trust | 1.660 | 05/15/24 | 8,884,753 | |||||||||||||
| Series - 2020 A (Class A3) | |||||||||||||||||
| 202 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 516,001 | g | Tricon American Homes Trust | 2.716 | % | 09/17/34 | $ | 515,677 | |||||||||
| Series - 2017 SFR1 (Class A) | |||||||||||||||||
| 2,200,000 | g | Tricon American Homes Trust | 4.011 | 09/17/34 | 2,198,629 | ||||||||||||
| Series - 2017 SFR1 (Class E) | |||||||||||||||||
| 97,036 | g | Tricon American Homes Trust | 2.928 | 01/17/36 | 98,689 | ||||||||||||
| Series - 2017 SFR2 (Class A) | |||||||||||||||||
| 5,500,000 | g | Tricon American Homes Trust | 3.275 | 01/17/36 | 5,586,349 | ||||||||||||
| Series - 2017 SFR2 (Class B) | |||||||||||||||||
| 650,000 | g | Tricon American Homes Trust | 2.049 | 07/17/38 | 657,533 | ||||||||||||
| Series - 2020 SFR1 (Class B) | |||||||||||||||||
| 2,898,359 | United Airlines Pass Through Trust | 5.875 | 10/15/27 | 3,243,387 | |||||||||||||
| 4,250,000 | g,i | Ursa Re II Ltd | U.S. Treasury Bill 3 M + 3.750% | 3.778 | 12/07/23 | 4,403,425 | |||||||||||
| 12,200,000 | Verizon Owner Trust | 1.850 | 07/22/24 | 12,360,706 | |||||||||||||
| Series - 2020 A (Class A1A) | |||||||||||||||||
| 7,200,634 | g | Vine | 2.790 | 11/15/50 | 7,233,529 | ||||||||||||
| Series - 2020 1A (Class A) | |||||||||||||||||
| 10,134,600 | g | Wendy’s Funding LLC | 2.370 | 06/15/51 | 10,219,376 | ||||||||||||
| Series - 2021 1A (Class A2I) | |||||||||||||||||
| 8,300,000 | World Omni Auto Receivables Trust | 1.700 | 01/17/23 | 8,388,396 | |||||||||||||
| Series - 2020 A (Class A3) | |||||||||||||||||
| TOTAL ASSET BACKED | 654,153,889 | ||||||||||||||||
| OTHER MORTGAGE BACKED - 7.1% | |||||||||||||||||
| 3,711,083 | g,i | ACRE Commercial Mortgage Ltd | LIBOR 1 M + 0.830% | 0.917 | 12/18/37 | 3,698,053 | |||||||||||
| Series - 2021 FL4 (Class A) | |||||||||||||||||
| 211,160 | g,i | Agate Bay Mortgage Trust | 3.500 | 11/25/44 | 212,737 | ||||||||||||
| Series - 2014 3 (Class A13) | |||||||||||||||||
| 118,789 | g,i | Agate Bay Mortgage Trust | 3.500 | 09/25/45 | 119,956 | ||||||||||||
| Series - 2015 6 (Class A9) | |||||||||||||||||
| 223,536 | i | Alternative Loan Trust | LIBOR 1 M + 0.750% | 0.836 | 06/25/34 | 229,694 | |||||||||||
| Series - 2004 8CB (Class M1) | |||||||||||||||||
| 288,835 | i | American Home Mortgage Investment Trust | LIBOR 6 M + 1.500% | 1.654 | 10/25/34 | 293,717 | |||||||||||
| Series - 2004 3 (Class 4A) | |||||||||||||||||
| 481,743 | i | Ameriquest Mortgage Securities | LIBOR 1 M + 1.020% | 1.106 | 10/25/34 | 482,238 | |||||||||||
| Series - 2004 R9 (Class M3) | |||||||||||||||||
| 2,486,000 | Banc of America Commercial Mortgage Trust | 3.705 | 09/15/48 | 2,690,404 | |||||||||||||
| Series - 2015 UBS7 (Class A4) | |||||||||||||||||
| 1,910,000 | i | Banc of America Commercial Mortgage Trust | 4.504 | 09/15/48 | 1,997,603 | ||||||||||||
| Series - 2015 UBS7 (Class B) | |||||||||||||||||
| 6,000,000 | Banc of America Commercial Mortgage Trust | 3.366 | 02/15/50 | 6,368,553 | |||||||||||||
| Series - 2017 BNK3 (Class ASB) | |||||||||||||||||
| 5,000,000 | BANK | 3.731 | 11/15/50 | 5,483,271 | |||||||||||||
| Series - 2017 BNK8 (Class AS) | |||||||||||||||||
| 1,250,000 | i | BANK | 4.062 | 11/15/50 | 1,359,427 | ||||||||||||
| Series - 2017 BNK8 (Class B) | |||||||||||||||||
| 1,000,000 | i | BANK | 4.206 | 11/15/50 | 1,062,512 | ||||||||||||
| Series - 2017 BNK8 (Class C) | |||||||||||||||||
| 2,500,000 | BANK | 3.203 | 12/15/52 | 2,674,580 | |||||||||||||
| Series - 2019 BN23 (Class AS) | |||||||||||||||||
| 1,637,000 | BANK | 3.455 | 12/15/52 | 1,761,717 | |||||||||||||
| Series - 2019 BN23 (Class B) | |||||||||||||||||
| 203 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 7,500,000 | BANK | 3.289 | % | 07/15/60 | $ | 7,964,623 | ||||||||||
| Series - 2017 BNK6 (Class ASB) | |||||||||||||||||
| 2,000,000 | i | BANK | 3.283 | 11/15/62 | 2,147,409 | ||||||||||||
| Series - 2019 BN24 (Class AS) | |||||||||||||||||
| 1,250,000 | g,i | BBCMS Mortgage Trust | 4.409 | 08/05/38 | 1,108,122 | ||||||||||||
| Series - 2018 CHRS (Class E) | |||||||||||||||||
| 2,000,000 | g,i | Bear Stearns Commercial Mortgage Securities Trust | 5.416 | 02/11/41 | 1,557,013 | ||||||||||||
| Series - 2005 PWR7 (Class E) | |||||||||||||||||
| 2,575,000 | g,i | Benchmark Mortgage Trust | 2.791 | 09/15/48 | 2,653,971 | ||||||||||||
| Series - 2020 IG2 (Class AM) | |||||||||||||||||
| 2,500,000 | g,i | Benchmark Mortgage Trust | 3.231 | 09/15/48 | 2,601,622 | ||||||||||||
| Series - 2020 IG3 (Class AS) | |||||||||||||||||
| 2,500,000 | g,i | Benchmark Mortgage Trust | 3.654 | 09/15/48 | 2,615,205 | ||||||||||||
| Series - 2020 IG3 (Class BXA) | |||||||||||||||||
| 1,380,000 | Benchmark Mortgage Trust | 4.016 | 03/15/52 | 1,569,455 | |||||||||||||
| Series - 2019 B9 (Class A5) | |||||||||||||||||
| 1,500,000 | Benchmark Mortgage Trust | 3.419 | 08/15/52 | 1,622,225 | |||||||||||||
| Series - 2019 B12 (Class AS) | |||||||||||||||||
| 1,200,000 | i | Benchmark Mortgage Trust | 4.510 | 05/15/53 | 1,400,111 | ||||||||||||
| Series - 2018 B7 (Class A4) | |||||||||||||||||
| 9,000,000 | i | Benchmark Mortgage Trust | 2.244 | 08/15/54 | 8,757,200 | ||||||||||||
| Series - 2021 B28 (Class B) | |||||||||||||||||
| 9,000,000 | i | Benchmark Mortgage Trust | 2.429 | 08/15/54 | 9,042,222 | ||||||||||||
| Series - 2021 B28 (Class AS) | |||||||||||||||||
| 1,076,298 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 0.920% | 1.004 | 10/15/36 | 1,078,379 | |||||||||||
| Series - 2019 XL (Class A) | |||||||||||||||||
| 6,500,000 | i | CD Mortgage Trust | 3.879 | 11/10/49 | 6,874,841 | ||||||||||||
| Series - 2016 CD2 (Class B) | |||||||||||||||||
| 3,030,000 | i | CD Mortgage Trust | 4.131 | 11/10/49 | 3,114,966 | ||||||||||||
| Series - 2016 CD2 (Class C) | |||||||||||||||||
| 9,320,000 | CD Mortgage Trust | 3.453 | 02/10/50 | 9,930,825 | |||||||||||||
| Series - 2017 CD3 (Class AAB) | |||||||||||||||||
| 1,000,000 | CD Mortgage Trust | 3.833 | 02/10/50 | 1,078,334 | |||||||||||||
| Series - 2017 CD3 (Class AS) | |||||||||||||||||
| 2,000,000 | i | CD Mortgage Trust | 4.702 | 02/10/50 | 2,077,782 | ||||||||||||
| Series - 2017 CD3 (Class C) | |||||||||||||||||
| 5,000,000 | i | CD Mortgage Trust | 3.684 | 08/15/50 | 5,435,005 | ||||||||||||
| Series - 2017 CD5 (Class AS) | |||||||||||||||||
| 3,000,000 | CD Mortgage Trust | 2.812 | 08/15/57 | 3,172,246 | |||||||||||||
| Series - 2019 CD8 (Class ASB) | |||||||||||||||||
| 49,564 | g,i | CF Mortgage Trust | 2.840 | 04/15/25 | 51,868 | ||||||||||||
| Series - 2020 P1 (Class A1) | |||||||||||||||||
| 1,750,000 | g,i | CF Mortgage Trust | 3.603 | 04/15/52 | 1,758,925 | ||||||||||||
| Series - 2020 P1 (Class A2) | |||||||||||||||||
| 1,175,400 | CGMS Commercial Mortgage Trust | 3.458 | 08/15/50 | 1,283,668 | |||||||||||||
| Series - 2017 B1 (Class A4) | |||||||||||||||||
| 154,327 | i | CHL Mortgage Pass-Through Trust | 2.684 | 02/20/35 | 156,349 | ||||||||||||
| Series - 2004 HYB9 (Class 1A1) | |||||||||||||||||
| 1,750,000 | g,i | Citigroup Commercial Mortgage Trust | 3.635 | 05/10/35 | 1,807,630 | ||||||||||||
| Series - 2013 375P (Class B) | |||||||||||||||||
| 5,000,000 | g | Citigroup Commercial Mortgage Trust | 3.341 | 05/10/36 | 5,285,250 | ||||||||||||
| Series - 2019 PRM (Class A) | |||||||||||||||||
| 2,000,000 | g | Citigroup Commercial Mortgage Trust | 3.896 | 05/10/36 | 2,105,050 | ||||||||||||
| Series - 2019 PRM (Class C) | |||||||||||||||||
| 204 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 500,000 | i | Citigroup Commercial Mortgage Trust | 3.758 | % | 04/10/48 | $ | 533,418 | |||||||||
| Series - 2015 GC29 (Class B) | |||||||||||||||||
| 344,275 | i | Citigroup Mortgage Loan Trust | LIBOR 1 M + 0.750% | 0.836 | 01/25/36 | 344,313 | |||||||||||
| Series - 2006 WFH1 (Class M4) | |||||||||||||||||
| 6,000,000 | g,i | COMM Mortgage Trust | 3.712 | 10/10/29 | 6,189,000 | ||||||||||||
| Series - 2017 PANW (Class C) | |||||||||||||||||
| 131,100 | g | COMM Mortgage Trust | 3.178 | 02/10/35 | 139,048 | ||||||||||||
| Series - 2015 3BP (Class A) | |||||||||||||||||
| 6,863,085 | COMM Mortgage Trust | 2.853 | 10/15/45 | 6,994,786 | |||||||||||||
| Series - 2012 CR4 (Class A3) | |||||||||||||||||
| 1,500,000 | g,i | COMM Mortgage Trust | 5.064 | 08/10/46 | 1,578,386 | ||||||||||||
| Series - 2013 CR10 (Class C) | |||||||||||||||||
| 1,135,000 | COMM Mortgage Trust | 4.199 | 03/10/47 | 1,207,765 | |||||||||||||
| Series - 2014 UBS2 (Class AM) | |||||||||||||||||
| 1,300,384 | COMM Mortgage Trust | 4.701 | 03/10/47 | 1,390,345 | |||||||||||||
| Series - 2014 UBS2 (Class B) | |||||||||||||||||
| 750,000 | COMM Mortgage Trust | 4.174 | 05/10/47 | 801,352 | |||||||||||||
| Series - 2014 CR17 (Class AM) | |||||||||||||||||
| 4,745,000 | g,i | COMM Mortgage Trust | 4.927 | 06/10/47 | 4,781,592 | ||||||||||||
| Series - 2014 UBS3 (Class D) | |||||||||||||||||
| 6,400,000 | COMM Mortgage Trust | 3.917 | 10/10/47 | 6,928,112 | |||||||||||||
| Series - 2014 LC17 (Class A5) | |||||||||||||||||
| 2,000,000 | i | COMM Mortgage Trust | 4.188 | 10/10/47 | 2,156,267 | ||||||||||||
| Series - 2014 LC17 (Class AM) | |||||||||||||||||
| 1,442,066 | COMM Mortgage Trust | 3.040 | 02/10/48 | 1,491,425 | |||||||||||||
| Series - 2015 LC19 (Class ASB) | |||||||||||||||||
| 1,400,000 | i | COMM Mortgage Trust | 3.829 | 02/10/48 | 1,488,249 | ||||||||||||
| Series - 2015 LC19 (Class B) | |||||||||||||||||
| 1,500,000 | g | COMM Mortgage Trust | 3.000 | 03/10/48 | 1,274,630 | ||||||||||||
| Series - 2015 CR22 (Class E) | |||||||||||||||||
| 575,000 | i | COMM Mortgage Trust | 3.603 | 03/10/48 | 616,371 | ||||||||||||
| Series - 2015 CR22 (Class AM) | |||||||||||||||||
| 2,000,000 | g,i | COMM Mortgage Trust | 4.243 | 03/10/48 | 2,018,482 | ||||||||||||
| Series - 2015 CR22 (Class D) | |||||||||||||||||
| 1,000,000 | i | COMM Mortgage Trust | 4.243 | 03/10/48 | 1,058,351 | ||||||||||||
| Series - 2015 CR22 (Class C) | |||||||||||||||||
| 5,000,000 | COMM Mortgage Trust | 3.801 | 05/10/48 | 5,403,406 | |||||||||||||
| Series - 2015 CR23 (Class AM) | |||||||||||||||||
| 3,826,295 | i | COMM Mortgage Trust | 4.183 | 05/10/48 | 4,083,467 | ||||||||||||
| Series - 2015 CR23 (Class B) | |||||||||||||||||
| 1,250,000 | i | COMM Mortgage Trust | 4.433 | 05/10/48 | 1,331,111 | ||||||||||||
| Series - 2015 CR23 (Class C) | |||||||||||||||||
| 2,500,000 | i | COMM Mortgage Trust | 4.433 | 05/10/48 | 2,518,767 | ||||||||||||
| Series - 2015 CR23 (Class D) | |||||||||||||||||
| 2,561,088 | COMM Mortgage Trust | 3.432 | 08/10/48 | 2,712,535 | |||||||||||||
| Series - 2015 CR24 (Class A4) | |||||||||||||||||
| 1,500,000 | i | COMM Mortgage Trust | 3.463 | 08/10/48 | 1,395,821 | ||||||||||||
| Series - 2015 CR24 (Class D) | |||||||||||||||||
| 3,640,000 | i | COMM Mortgage Trust | 4.028 | 08/10/48 | 3,951,306 | ||||||||||||
| Series - 2015 CR24 (Class AM) | |||||||||||||||||
| 1,000,000 | i | COMM Mortgage Trust | 4.526 | 08/10/48 | 1,086,643 | ||||||||||||
| Series - 2015 CR24 (Class B) | |||||||||||||||||
| 205 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 2,000,000 | i | COMM Mortgage Trust | 4.526 | % | 08/10/48 | $ | 2,114,710 | |||||||||
| Series - 2015 CR24 (Class C) | |||||||||||||||||
| 2,250,000 | i | COMM Mortgage Trust | 4.681 | 08/10/48 | 2,450,763 | ||||||||||||
| Series - 2015 CR25 (Class B) | |||||||||||||||||
| 7,600,000 | COMM Mortgage Trust | 3.630 | 10/10/48 | 8,266,322 | |||||||||||||
| Series - 2015 CR26 (Class A4) | |||||||||||||||||
| 1,000,000 | COMM Mortgage Trust | 3.984 | 10/10/48 | 1,087,609 | |||||||||||||
| Series - 2015 CR27 (Class AM) | |||||||||||||||||
| 1,000,000 | i | COMM Mortgage Trust | 4.630 | 10/10/48 | 1,092,541 | ||||||||||||
| Series - 2015 CR26 (Class B) | |||||||||||||||||
| 500,000 | i | COMM Mortgage Trust | 4.630 | 10/10/48 | 536,533 | ||||||||||||
| Series - 2015 CR26 (Class C) | |||||||||||||||||
| 2,400,000 | i | COMM Mortgage Trust | 4.770 | 10/10/48 | 2,572,116 | ||||||||||||
| Series - 2015 LC23 (Class C) | |||||||||||||||||
| 1,080,000 | COMM Mortgage Trust | 3.762 | 02/10/49 | 1,183,758 | |||||||||||||
| Series - 2016 CR28 (Class A4) | |||||||||||||||||
| 5,000,000 | i | COMM Mortgage Trust | 4.792 | 02/10/49 | 5,462,202 | ||||||||||||
| Series - 2016 CR28 (Class B) | |||||||||||||||||
| 5,000,000 | COMM Mortgage Trust | 3.263 | 08/15/57 | 5,367,483 | |||||||||||||
| Series - 2019 GC44 (Class AM) | |||||||||||||||||
| 2,410,298 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.600% | 2.686 | 05/25/24 | 2,439,422 | |||||||||||
| Series - 2014 C02 (Class 1M2) | |||||||||||||||||
| 119,636 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.900% | 2.986 | 07/25/24 | 121,911 | |||||||||||
| Series - 2014 C03 (Class 2M2) | |||||||||||||||||
| 6,149,765 | i | Connecticut Avenue Securities | LIBOR 1 M + 3.000% | 3.086 | 07/25/24 | 6,256,186 | |||||||||||
| Series - 2014 C03 (Class 1M2) | |||||||||||||||||
| 1,128,082 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.900% | 5.986 | 10/25/28 | 1,184,917 | |||||||||||
| Series - 2016 C03 (Class 2M2) | |||||||||||||||||
| 2,164,100 | i | Connecticut Avenue Securities | LIBOR 1 M + 4.250% | 4.336 | 04/25/29 | 2,242,189 | |||||||||||
| Series - 2016 C06 (Class 1M2) | |||||||||||||||||
| 2,021,505 | i | Connecticut Avenue Securities | LIBOR 1 M + 0.850% | 0.936 | 09/25/29 | 1,975,305 | |||||||||||
| Series - 2017 C02 (Class 2ED4) | |||||||||||||||||
| 234,049 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.286 | 01/25/30 | 234,274 | |||||||||||
| Series - 2017 C05 (Class 1M2A) | |||||||||||||||||
| 355,867 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.286 | 01/25/30 | 363,660 | |||||||||||
| Series - 2017 C05 (Class 1M2) | |||||||||||||||||
| 661,336 | i | Connecticut Avenue Securities | LIBOR 1 M + 0.850% | 0.936 | 10/25/30 | 659,416 | |||||||||||
| Series - 2018 C03 (Class 1EA2) | |||||||||||||||||
| 177,866 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.550% | 2.636 | 12/25/30 | 180,999 | |||||||||||
| Series - 2018 C04 (Class 2M2) | |||||||||||||||||
| 1,000,000 | g,i | CPT Mortgage Trust | 3.097 | 11/13/39 | 977,603 | ||||||||||||
| Series - 2019 CPT (Class E) | |||||||||||||||||
| 757,750 | g,i | Credit Suisse Commercial Mortgage Trust | LIBOR 1 M + 1.150% | 1.236 | 05/25/36 | 758,671 | |||||||||||
| Series - 2006 CF2 (Class M3) | |||||||||||||||||
| 2,068,021 | g,i | Credit Suisse Commercial Mortgage Trust | 3.500 | 02/25/48 | 2,113,057 | ||||||||||||
| Series - 2018 J1 (Class A11) | |||||||||||||||||
| 116,200 | g,i | Credit Suisse Mortgage Capital Certificates | LIBOR 1 M + 0.980% | 1.064 | 05/15/36 | 116,533 | |||||||||||
| Series - 2019 ICE4 (Class A) | |||||||||||||||||
| 3,000,000 | g,i | Credit Suisse Mortgage Capital Certificates | LIBOR 1 M + 1.600% | 1.684 | 05/15/36 | 3,008,498 | |||||||||||
| Series - 2019 ICE4 (Class D) | |||||||||||||||||
| 2,500,000 | g,i | CSMC Series | 3.388 | 10/25/59 | 2,544,308 | ||||||||||||
| Series - 2019 NQM1 (Class M1) | |||||||||||||||||
| 1,067,229 | g,i | CSMC Trust | 3.500 | 02/25/48 | 1,094,459 | ||||||||||||
| Series - 2018 J1 (Class A2) | |||||||||||||||||
| 206 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 4,750,000 | DBGS Mortgage Trust | 4.466 | % | 10/15/51 | $ | 5,511,324 | ||||||||||
| Series - 2018 C1 (Class A4) | |||||||||||||||||
| 5,000,000 | DBJPM Mortgage Trust | 2.340 | 08/15/53 | 5,006,026 | |||||||||||||
| Series - 2020 C9 (Class AM) | |||||||||||||||||
| 1,040,000 | g | DBUBS Mortgage Trust | 3.452 | 10/10/34 | 1,102,915 | ||||||||||||
| Series - 2017 BRBK (Class A) | |||||||||||||||||
| 738,402 | i | Fieldstone Mortgage Investment Trust | LIBOR 1 M + 0.735% | 0.821 | 12/25/35 | 737,492 | |||||||||||
| Series - 2005 2 (Class M2) | |||||||||||||||||
| 1,334,501 | g,i | FirstKey Mortgage Trust | 3.500 | 11/25/44 | 1,357,941 | ||||||||||||
| Series - 2014 1 (Class A8) | |||||||||||||||||
| 1,281,712 | g,i | Flagstar Mortgage Trust | 4.103 | 10/25/47 | 1,286,549 | ||||||||||||
| Series - 2017 2 (Class B3) | |||||||||||||||||
| 205,714 | g,i | Flagstar Mortgage Trust | 4.000 | 09/25/48 | 207,036 | ||||||||||||
| Series - 2018 5 (Class A11) | |||||||||||||||||
| 2,199,384 | g,i | Flagstar Mortgage Trust | 2.500 | 04/25/51 | 2,203,019 | ||||||||||||
| Series - 2021 2 (Class A4) | |||||||||||||||||
| 7,078,450 | g,i | Flagstar Mortgage Trust | 2.500 | 06/01/51 | 7,105,724 | ||||||||||||
| Series - 2021 4 (Class A21) | |||||||||||||||||
| 775,000 | g,i | Freddie Mac STACR REMIC Trust | 2.100 | 12/25/33 | 782,039 | ||||||||||||
| Series - 2021 HQA2 (Class M2) | |||||||||||||||||
| 2,320,000 | g,i | Freddie Mac STACR REMIC Trust | 1.700 | 01/25/34 | 2,338,954 | ||||||||||||
| Series - 2021 DNA5 (Class M2) | |||||||||||||||||
| 493,324 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 3.728 | 02/25/48 | 492,274 | ||||||||||||
| Series - 2018 SPI1 (Class M2) | |||||||||||||||||
| 700,486 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 3.809 | 05/25/48 | 700,198 | ||||||||||||
| Series - 2018 SPI2 (Class M2) | |||||||||||||||||
| 1,875,000 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 4.050 | 11/25/50 | 1,969,928 | ||||||||||||
| Series - 2020 HQA5 (Class B1) | |||||||||||||||||
| 750,000 | g,i | FREMF Mortgage Trust | 4.159 | 03/25/49 | 820,939 | ||||||||||||
| Series - 2016 K53 (Class B) | |||||||||||||||||
| 1,060,934 | g,i | GS Mortage-Backed Securities Trust | 3.718 | 05/25/50 | 1,078,654 | ||||||||||||
| Series - 2020 PJ1 (Class B2) | |||||||||||||||||
| 10,500,000 | g | GS Mortgage Securities Corp II | 3.419 | 10/10/32 | 10,726,290 | ||||||||||||
| Series - 2017 SLP (Class A) | |||||||||||||||||
| 1,344,000 | g | GS Mortgage Securities Corp II | 3.551 | 04/10/34 | 1,353,333 | ||||||||||||
| Series - 2012 ALOH (Class A) | |||||||||||||||||
| 2,590,000 | i | GS Mortgage Securities Corp II | 3.777 | 05/10/50 | 2,771,694 | ||||||||||||
| Series - 2015 GC30 (Class AS) | |||||||||||||||||
| 3,010,000 | i | GS Mortgage Securities Corp II | 3.992 | 03/10/51 | 3,390,604 | ||||||||||||
| Series - 2018 GS9 (Class A4) | |||||||||||||||||
| 1,500,000 | i | GS Mortgage Securities Corp II | 4.155 | 07/10/51 | 1,709,042 | ||||||||||||
| Series - 2018 GS10 (Class A5) | |||||||||||||||||
| 2,000,000 | g,i | GS Mortgage Securities Trust | LIBOR 1 M + 1.450% | 1.534 | 07/15/31 | 1,974,774 | |||||||||||
| Series - 2018 TWR (Class C) | |||||||||||||||||
| 2,500,000 | g,i | GS Mortgage Securities Trust | 4.285 | 02/10/46 | 2,565,328 | ||||||||||||
| Series - 2013 GC10 (Class C) | |||||||||||||||||
| 8,000,000 | GS Mortgage Securities Trust | 3.467 | 03/10/50 | 8,516,118 | |||||||||||||
| Series - 2017 GS5 (Class AAB) | |||||||||||||||||
| 9,100,951 | GS Mortgage Securities Trust | 3.674 | 03/10/50 | 10,031,866 | |||||||||||||
| Series - 2017 GS5 (Class A4) | |||||||||||||||||
| 207 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,000,000 | i | GS Mortgage Securities Trust | 4.047 | % | 03/10/50 | $ | 1,087,085 | |||||||||
| Series - 2017 GS5 (Class B) | |||||||||||||||||
| 4,300,000 | GS Mortgage Securities Trust | 3.433 | 05/10/50 | 4,697,784 | |||||||||||||
| Series - 2017 GS6 (Class A3) | |||||||||||||||||
| 3,000,000 | GS Mortgage Securities Trust | 3.837 | 11/10/50 | 3,308,805 | |||||||||||||
| Series - 2017 GS8 (Class ABP) | |||||||||||||||||
| 1,260,000 | GS Mortgage Securities Trust | 3.968 | 02/10/52 | 1,429,829 | |||||||||||||
| Series - 2019 GC38 (Class A4) | |||||||||||||||||
| 2,400,000 | i | GS Mortgage Securities Trust | 4.158 | 02/10/52 | 2,693,646 | ||||||||||||
| Series - 2019 GC38 (Class AS) | |||||||||||||||||
| 1,000,000 | i | GS Mortgage Securities Trust | 4.761 | 02/10/52 | 1,100,311 | ||||||||||||
| Series - 2019 GC38 (Class C) | |||||||||||||||||
| 1,500,000 | g,i | GS Mortgage Securities Trust | 3.501 | 07/10/52 | 1,560,963 | ||||||||||||
| Series - 2019 GC40 (Class DBB) | |||||||||||||||||
| 5,500,000 | g,i | GS Mortgage Securities Trust | 3.668 | 07/10/52 | 5,686,876 | ||||||||||||
| Series - 2019 GC40 (Class DBC) | |||||||||||||||||
| 1,361,000 | i | GS Mortgage Securities Trust | 3.405 | 02/13/53 | 1,446,812 | ||||||||||||
| Series - 2020 GC45 (Class B) | |||||||||||||||||
| 5,500,000 | GS Mortgage Securities Trust | 2.012 | 12/12/53 | 5,428,441 | |||||||||||||
| Series - 2020 GSA2 (Class A5) | |||||||||||||||||
| 432,564 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 434,137 | ||||||||||||
| Series - 2019 PJ2 (Class A1) | |||||||||||||||||
| 1,129,086 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 1,131,660 | ||||||||||||
| Series - 2019 PJ2 (Class A4) | |||||||||||||||||
| 2,794,191 | g,i | GS Mortgage-Backed Securities Corp Trust | 3.500 | 07/25/50 | 2,835,164 | ||||||||||||
| Series - 2020 PJ2 (Class A4) | |||||||||||||||||
| 1,207,267 | g,i | GS Mortgage-Backed Securities Corp Trust | 3.000 | 01/25/51 | 1,226,375 | ||||||||||||
| Series - 2020 PJ4 (Class A4) | |||||||||||||||||
| 888,694 | i | GS Mortgage-Backed Securities Corp Trust | 3.000 | 03/27/51 | 905,876 | ||||||||||||
| Series - 2020 PJ5 (Class A4) | |||||||||||||||||
| 5,403,282 | g,i | GS Mortgage-Backed Securities Corp Trust | 2.500 | 10/25/51 | 5,413,835 | ||||||||||||
| Series - 2021 PJ5 (Class A4) | |||||||||||||||||
| 1,404,014 | g,i | GS Mortgage-Backed Securities Trust | 2.500 | 07/25/51 | 1,403,246 | ||||||||||||
| Series - 2021 PJ2 (Class A4) | |||||||||||||||||
| 21,814,070 | g,i | GS Mortgage-Backed Securities Trust | 2.500 | 01/25/52 | 21,876,306 | ||||||||||||
| Series - 2021 PJ7 (Class A4) | |||||||||||||||||
| 11,115,246 | g,i | GS Mortgage-Backed Securities Trust | 2.500 | 01/25/52 | 11,146,957 | ||||||||||||
| Series - 2021 PJ8 (Class A4) | |||||||||||||||||
| 15,168,879 | g,i | GS MortSecurities Trust | 2.500 | 11/25/51 | 15,207,605 | ||||||||||||
| Series - 2021 PJ6 (Class A4) | |||||||||||||||||
| 1,035,469 | i | HarborView Mortgage Loan Trust | LIBOR 1 M + 0.620% | 0.707 | 08/19/45 | 1,047,733 | |||||||||||
| Series - 2005 11 (Class 2A1A) | |||||||||||||||||
| 2,000,000 | g | Hudson Yards Mortgage Trust | 2.835 | 08/10/38 | 2,114,055 | ||||||||||||
| Series - 2016 10HY (Class A) | |||||||||||||||||
| 3,000,000 | g,i | Hudson Yards Mortgage Trust | 3.076 | 08/10/38 | 3,151,061 | ||||||||||||
| Series - 2016 10HY (Class B) | |||||||||||||||||
| 3,500,000 | g,i | Hudson Yards Mortgage Trust | 3.076 | 08/10/38 | 3,672,932 | ||||||||||||
| Series - 2016 10HY (Class C) | |||||||||||||||||
| 4,700,000 | g,i | Hudson Yards Mortgage Trust | 3.041 | 12/10/41 | 4,741,892 | ||||||||||||
| Series - 2019 55HY (Class D) | |||||||||||||||||
| 2,750,000 | g,i | Hudson Yards Mortgage Trust | 3.041 | 12/10/41 | 2,705,715 | ||||||||||||
| Series - 2019 55HY (Class E) | |||||||||||||||||
| 114,033 | i | Impac CMB Trust | LIBOR 1 M + 0.660% | 0.746 | 03/25/35 | 117,210 | |||||||||||
| Series - 2004 11 (Class 2A1) | |||||||||||||||||
| 208 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 5,341,530 | g,i | Imperial Fund Mortgage Trust | 2.051 | % | 10/25/55 | $ | 5,377,684 | |||||||||
| Series - 2020 NQM1 (Class A3) | |||||||||||||||||
| 1,000,000 | g,i | Imperial Fund Mortgage Trust | 3.531 | 10/25/55 | 1,023,760 | ||||||||||||
| Series - 2020 NQM1 (Class M1) | |||||||||||||||||
| 3,000,000 | g | JP Morgan Chase Commercial Mortgage Securities Corp | 4.379 | 07/05/31 | 3,155,821 | ||||||||||||
| Series - 2018 AON (Class B) | |||||||||||||||||
| 1,700,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Corp | 4.213 | 01/15/46 | 1,732,182 | ||||||||||||
| Series - 2013 C13 (Class D) | |||||||||||||||||
| 1,500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 4.166 | 12/15/46 | 1,593,067 | |||||||||||||
| Series - 2013 C16 (Class A4) | |||||||||||||||||
| 800,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.372 | 12/15/47 | 824,838 | |||||||||||||
| Series - 2013 C10 (Class AS) | |||||||||||||||||
| 750,000 | i | JP Morgan Chase Commercial Mortgage Securities Corp | 4.119 | 01/15/49 | 817,934 | ||||||||||||
| Series - 2015 JP1 (Class AS) | |||||||||||||||||
| 500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.379 | 09/15/50 | 523,522 | |||||||||||||
| Series - 2017 JP7 (Class A3) | |||||||||||||||||
| 1,202,198 | g | JP Morgan Chase Commercial Mortgage Securities Trust | 3.093 | 07/05/32 | 1,219,463 | ||||||||||||
| Series - 2012 HSBC (Class A) | |||||||||||||||||
| 4,774,680 | g,i | JP Morgan Mortgage Trust | LIBOR 1 M - 0.000% | 2.103 | 12/25/44 | 4,865,023 | |||||||||||
| Series - 2015 1 (Class B1) | |||||||||||||||||
| 114,744 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/45 | 116,106 | ||||||||||||
| Series - 2015 3 (Class A19) | |||||||||||||||||
| 618,391 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/45 | 623,670 | ||||||||||||
| Series - 2015 6 (Class A13) | |||||||||||||||||
| 306,920 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/46 | 310,821 | ||||||||||||
| Series - 2016 1 (Class A13) | |||||||||||||||||
| 1,857,472 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/47 | 1,886,123 | ||||||||||||
| Series - 2017 2 (Class A13) | |||||||||||||||||
| 1,118,322 | g,i | JP Morgan Mortgage Trust | 3.500 | 09/25/48 | 1,126,822 | ||||||||||||
| Series - 2018 3 (Class A13) | |||||||||||||||||
| 532,026 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 540,660 | ||||||||||||
| Series - 2018 4 (Class A13) | |||||||||||||||||
| 2,607,064 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 2,663,498 | ||||||||||||
| Series - 2018 5 (Class A13) | |||||||||||||||||
| 1,341,263 | g,i | JP Morgan Mortgage Trust | 3.090 | 10/26/48 | 1,395,392 | ||||||||||||
| Series - 2017 5 (Class A2) | |||||||||||||||||
| 358,427 | g,i | JP Morgan Mortgage Trust | 4.000 | 01/25/49 | 361,606 | ||||||||||||
| Series - 2018 8 (Class A13) | |||||||||||||||||
| 289,836 | g,i | JP Morgan Mortgage Trust | 4.000 | 02/25/49 | 292,993 | ||||||||||||
| Series - 2018 9 (Class A13) | |||||||||||||||||
| 253,461 | g,i | JP Morgan Mortgage Trust | 4.000 | 05/25/49 | 257,280 | ||||||||||||
| Series - 2019 1 (Class A3) | |||||||||||||||||
| 133,019 | g,i | JP Morgan Mortgage Trust | 4.000 | 05/25/49 | 134,862 | ||||||||||||
| Series - 2019 1 (Class A15) | |||||||||||||||||
| 1,224,099 | g,i | JP Morgan Mortgage Trust | 4.689 | 09/25/49 | 1,244,608 | ||||||||||||
| Series - 2019 3 (Class B1) | |||||||||||||||||
| 209 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,382,372 | g,i | JP Morgan Mortgage Trust | LIBOR 1 M + 0.950% | 1.036 | % | 10/25/49 | $ | 1,389,599 | ||||||||
| Series - 2019 INV1 (Class A11) | |||||||||||||||||
| 3,695,674 | g,i | JP Morgan Mortgage Trust | 3.869 | 06/25/50 | 3,790,838 | ||||||||||||
| Series - 2020 1 (Class B2) | |||||||||||||||||
| 7,332,865 | g,i | JP Morgan Mortgage Trust | 2.500 | 10/25/51 | 7,347,187 | ||||||||||||
| Series - 2021 6 (Class A15) | |||||||||||||||||
| 4,526,825 | g,i | JP Morgan Mortgage Trust | 2.500 | 11/25/51 | 4,546,983 | ||||||||||||
| Series - 2021 7 (Class A15) | |||||||||||||||||
| 4,836,318 | g,i | JP Morgan Mortgage Trust | 2.500 | 12/25/51 | 4,860,877 | ||||||||||||
| Series - 2021 8 (Class A15) | |||||||||||||||||
| 732,770 | i | JPMBB Commercial Mortgage Securities Trust | 4.133 | 08/15/46 | 763,337 | ||||||||||||
| Series - 2013 C14 (Class A4) | |||||||||||||||||
| 3,445,091 | JPMBB Commercial Mortgage Securities Trust | 3.493 | 08/15/47 | 3,607,001 | |||||||||||||
| Series - 2014 C21 (Class A4) | |||||||||||||||||
| 2,640,000 | JPMBB Commercial Mortgage Securities Trust | 3.775 | 08/15/47 | 2,830,844 | |||||||||||||
| Series - 2014 C21 (Class A5) | |||||||||||||||||
| 1,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.898 | 02/15/48 | 1,059,048 | |||||||||||||
| Series - 2015 C27 (Class B) | |||||||||||||||||
| 2,000,000 | i | JPMBB Commercial Mortgage Securities Trust | 3.917 | 05/15/48 | 2,148,083 | ||||||||||||
| Series - 2015 C29 (Class AS) | |||||||||||||||||
| 1,600,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.118 | 05/15/48 | 1,683,087 | ||||||||||||
| Series - 2015 C29 (Class B) | |||||||||||||||||
| 3,000,000 | JPMBB Commercial Mortgage Securities Trust | 4.106 | 08/15/48 | 3,261,552 | |||||||||||||
| Series - 2015 C31 (Class AS) | |||||||||||||||||
| 5,585,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.773 | 08/15/48 | 6,084,014 | ||||||||||||
| Series - 2015 C31 (Class B) | |||||||||||||||||
| 1,400,000 | JPMBB Commercial Mortgage Securities Trust | 3.227 | 10/15/48 | 1,485,939 | |||||||||||||
| Series - 2015 C28 (Class A4) | |||||||||||||||||
| 1,400,000 | JPMBB Commercial Mortgage Securities Trust | 4.023 | 12/15/48 | 1,515,319 | |||||||||||||
| Series - 2015 C33 (Class AS) | |||||||||||||||||
| 10,425,000 | JPMBB Commercial Mortgage Securities Trust | 3.576 | 03/15/49 | 11,342,347 | |||||||||||||
| Series - 2016 C1 (Class A5) | |||||||||||||||||
| 1,500,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.891 | 03/15/49 | 1,627,562 | ||||||||||||
| Series - 2016 C1 (Class C) | |||||||||||||||||
| 1,700,000 | JPMCC Commercial Mortgage Securities Trust | 3.457 | 03/15/50 | 1,823,928 | |||||||||||||
| Series - 2017 JP5 (Class A4) | |||||||||||||||||
| 6,000,000 | JPMDB Commercial Mortgage Securities Trust | 2.536 | 05/13/53 | 6,142,064 | |||||||||||||
| Series - 2020 COR7 (Class AS) | |||||||||||||||||
| 1,665,452 | g | Ladder Capital Commercial Mortgage Securities | 3.575 | 02/15/36 | 1,771,828 | ||||||||||||
| Series - 2013 GCP (Class A1) | |||||||||||||||||
| 3,179,103 | g | LSTAR Commercial Mortgage Trust | 2.579 | 03/10/49 | 3,218,159 | ||||||||||||
| Series - 2016 4 (Class A2) | |||||||||||||||||
| 12,000,000 | g,i | MAD Mortgage Trust | 3.294 | 08/15/34 | 12,241,838 | ||||||||||||
| Series - 2017 330M (Class A) | |||||||||||||||||
| 1,500,000 | g,i | Manhattan West | 2.413 | 09/10/39 | 1,523,814 | ||||||||||||
| Series - 2020 1MW (Class B) | |||||||||||||||||
| 3,000,000 | g,i | Manhattan West | 2.413 | 09/10/39 | 3,019,278 | ||||||||||||
| Series - 2020 1MW (Class C) | |||||||||||||||||
| 2,273,183 | i | Merrill Lynch Mortgage Investors Trust | LIBOR 1 M + 0.520% | 2.278 | 01/25/37 | 2,221,293 | |||||||||||
| Series - 2006 WMC1 (Class A1B) | |||||||||||||||||
| 5,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.476 | 11/15/45 | 5,117,170 | |||||||||||||
| Series - 2012 C6 (Class AS) | |||||||||||||||||
| 210 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 2,941,844 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 3.989 | % | 12/15/46 | $ | 3,133,595 | |||||||||
| Series - 2014 C19 (Class LNC1) | |||||||||||||||||
| 929,493 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 4.384 | 12/15/46 | 989,492 | ||||||||||||
| Series - 2014 C19 (Class LNC2) | |||||||||||||||||
| 2,070,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.832 | 12/15/47 | 2,212,227 | |||||||||||||
| Series - 2014 C19 (Class AS) | |||||||||||||||||
| 80,835 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.069 | 02/15/48 | 83,718 | |||||||||||||
| Series - 2015 C20 (Class ASB) | |||||||||||||||||
| 2,500,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.338 | 03/15/48 | 2,656,239 | |||||||||||||
| Series - 2015 C21 (Class A4) | |||||||||||||||||
| 3,360,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.561 | 04/15/48 | 3,531,489 | |||||||||||||
| Series - 2015 C22 (Class AS) | |||||||||||||||||
| 289,434 | i | Morgan Stanley Capital I Trust | LIBOR 1 M + 0.825% | 0.911 | 08/25/34 | 287,286 | |||||||||||
| Series - 2004 HE6 (Class M1) | |||||||||||||||||
| 12,630,493 | Morgan Stanley Capital I Trust | 2.606 | 08/15/49 | 13,149,076 | |||||||||||||
| Series - 2016 UB11 (Class ASB) | |||||||||||||||||
| 413,516 | †,i | Morgan Stanley Capital I Trust | 6.470 | 12/12/49 | 248,109 | ||||||||||||
| Series - 2007 IQ16 (Class AJ) | |||||||||||||||||
| 1,300,000 | Morgan Stanley Capital I Trust | 3.587 | 12/15/50 | 1,434,767 | |||||||||||||
| Series - 2017 HR2 (Class A4) | |||||||||||||||||
| 1,000,000 | Morgan Stanley Capital I Trust | 4.177 | 07/15/51 | 1,132,612 | |||||||||||||
| Series - 2018 H3 (Class A5) | |||||||||||||||||
| 3,142,000 | i | Morgan Stanley Capital I Trust | 4.429 | 07/15/51 | 3,566,940 | ||||||||||||
| Series - 2018 H3 (Class AS) | |||||||||||||||||
| 1,500,000 | g | MRCD Mortgage Trust | 2.718 | 12/15/36 | 1,490,501 | ||||||||||||
| Series - 2019 PARK (Class E) | |||||||||||||||||
| 1,500,000 | g,i | MSDB Trust | 3.427 | 07/11/39 | 1,594,004 | ||||||||||||
| Series - 2017 712F (Class A) | |||||||||||||||||
| 6,300,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 1.500% | 1.584 | 07/15/36 | 6,298,122 | |||||||||||
| Series - 2019 MILE (Class A) | |||||||||||||||||
| 2,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 1.800% | 1.884 | 07/15/36 | 2,499,258 | |||||||||||
| Series - 2019 MILE (Class B) | |||||||||||||||||
| 1,000,000 | g | Natixis Commercial Mortgage Securities Trust | 2.707 | 10/15/36 | 1,001,358 | ||||||||||||
| Series - 2019 1776 (Class B) | |||||||||||||||||
| 2,000,000 | g | Natixis Commercial Mortgage Securities Trust | 2.966 | 12/15/38 | 2,087,109 | ||||||||||||
| Series - 2020 2PAC (Class A) | |||||||||||||||||
| 236,393 | g,i | New Residential Mortgage Loan Trust | 4.000 | 02/25/57 | 252,784 | ||||||||||||
| Series - 2017 1A (Class A1) | |||||||||||||||||
| 248,643 | g,i | New Residential Mortgage Loan Trust | 4.000 | 08/27/57 | 264,947 | ||||||||||||
| Series - 2017 6A (Class A1) | |||||||||||||||||
| 236,930 | g,i | New Residential Mortgage Loan Trust | 4.750 | 12/25/57 | 248,837 | ||||||||||||
| Series - 2018 5A (Class A1) | |||||||||||||||||
| 1,324,906 | g,i | New Residential Mortgage Loan Trust | 2.797 | 09/25/59 | 1,332,375 | ||||||||||||
| Series - 2019 NQM4 (Class A3) | |||||||||||||||||
| 700,000 | g,i | New Residential Mortgage Loan Trust | 2.986 | 09/25/59 | 701,488 | ||||||||||||
| Series - 2019 NQM4 (Class M1) | |||||||||||||||||
| 209,770 | i | New York Mortgage Trust | LIBOR 1 M + 0.480% | 0.566 | 02/25/36 | 211,391 | |||||||||||
| Series - 2005 3 (Class A1) | |||||||||||||||||
| 211 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,325,000 | g,i | NLT Trust | 2.569 | % | 08/25/56 | $ | 1,308,434 | |||||||||
| Series - 2021 INV2 (Class M1) | |||||||||||||||||
| 666,557 | g,i | OBX Trust | LIBOR 1 M + 0.650% | 0.736 | 06/25/57 | 666,689 | |||||||||||
| Series - 2018 1 (Class A2) | |||||||||||||||||
| 2,315,708 | g,i | Oceanview Mortgage Trust | 2.500 | 05/25/51 | 2,323,009 | ||||||||||||
| Series - 2021 1 (Class A19) | |||||||||||||||||
| 18,445,000 | g | One Market Plaza Trust | 3.614 | 02/10/32 | 18,645,516 | ||||||||||||
| Series - 2017 1MKT (Class A) | |||||||||||||||||
| 1,000,000 | g | RBS Commercial Funding, Inc Trust | 3.511 | 03/11/31 | 1,007,539 | ||||||||||||
| Series - 2013 SMV (Class B) | |||||||||||||||||
| 455,576 | g,i | Sequoia Mortgage Trust | 3.500 | 05/25/45 | 463,543 | ||||||||||||
| Series - 2015 2 (Class A1) | |||||||||||||||||
| 127,980 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/46 | 128,199 | ||||||||||||
| Series - 2016 3 (Class A10) | |||||||||||||||||
| 2,562 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 2,560 | ||||||||||||
| Series - 2017 1 (Class A4) | |||||||||||||||||
| 65,998 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 65,960 | ||||||||||||
| Series - 2017 2 (Class A4) | |||||||||||||||||
| 384,900 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 390,978 | ||||||||||||
| Series - 2017 2 (Class A19) | |||||||||||||||||
| 30,012 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 30,393 | ||||||||||||
| Series - 2017 3 (Class A19) | |||||||||||||||||
| 878,758 | g,i | Sequoia Mortgage Trust | 3.764 | 09/25/47 | 896,756 | ||||||||||||
| Series - 2017 6 (Class B1) | |||||||||||||||||
| 836,416 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/48 | 850,507 | ||||||||||||
| Series - 2018 2 (Class A1) | |||||||||||||||||
| 1,069,749 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 1,084,473 | ||||||||||||
| Series - 2018 3 (Class A1) | |||||||||||||||||
| 151,501 | g,i | Sequoia Mortgage Trust | 4.000 | 09/25/48 | 153,307 | ||||||||||||
| Series - 2018 7 (Class A19) | |||||||||||||||||
| 57,532 | g,i | Sequoia Mortgage Trust | 4.000 | 11/25/48 | 58,125 | ||||||||||||
| Series - 2018 8 (Class A19) | |||||||||||||||||
| 986,409 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 1,001,312 | ||||||||||||
| Series - 2019 2 (Class A1) | |||||||||||||||||
| 342,395 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 347,366 | ||||||||||||
| Series - 2019 2 (Class A19) | |||||||||||||||||
| 1,947,550 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/49 | 1,963,255 | ||||||||||||
| Series - 2019 4 (Class A1) | |||||||||||||||||
| 4,297,764 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 4,357,328 | ||||||||||||
| Series - 2019 5 (Class A1) | |||||||||||||||||
| 2,481,597 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 2,508,789 | ||||||||||||
| Series - 2019 5 (Class A19) | |||||||||||||||||
| 1,927,826 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/50 | 1,973,959 | ||||||||||||
| Series - 2020 2 (Class A1) | |||||||||||||||||
| 4,125,282 | g,i | Sequoia Mortgage Trust | 3.000 | 04/25/50 | 4,200,927 | ||||||||||||
| Series - 2020 3 (Class A19) | |||||||||||||||||
| 4,233,056 | g,i | Sequoia Mortgage Trust | 2.500 | 06/25/51 | 4,246,614 | ||||||||||||
| Series - 2021 4 (Class A19) | |||||||||||||||||
| 12,390 | g,i | Shellpoint Co-Originator Trust | 3.500 | 11/25/46 | 12,386 | ||||||||||||
| Series - 2016 1 (Class 1A10) | |||||||||||||||||
| 358,457 | g,i | Shellpoint Co-Originator Trust | 3.500 | 04/25/47 | 363,013 | ||||||||||||
| Series - 2017 1 (Class A19) | |||||||||||||||||
| 15,415,000 | g | SLG Office Trust | 2.851 | 07/15/41 | 14,945,174 | ||||||||||||
| Series - 2021 OVA (Class E) | |||||||||||||||||
| 212 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 495,548 | i | Structured Agency Credit Risk Debt Note (STACR) | LIBOR 1 M + 1.200% | 1.286 | % | 10/25/29 | $ | 495,710 | ||||||||
| Series - 2017 DNA2 (Class M1) | |||||||||||||||||
| 2,129,153 | i | STACR | LIBOR 1 M + 2.300% | 2.472 | 08/25/30 | 2,156,108 | |||||||||||
| Series - 2018 HQA1 (Class M2) | |||||||||||||||||
| 2,420,000 | g,i | STACR | 2.300 | 08/25/33 | 2,448,813 | ||||||||||||
| Series - 2021 HQA1 (Class M2) | |||||||||||||||||
| 3,060,000 | g,i | STACR | 2.150 | 10/25/33 | 3,122,150 | ||||||||||||
| Series - 2021 DNA3 (Class M2) | |||||||||||||||||
| 172,291 | g,i | STACR | 4.039 | 09/25/47 | 171,992 | ||||||||||||
| Series - 2017 SPI1 (Class M2) | |||||||||||||||||
| 1,000,000 | g,i | UBS-Barclays Commercial Mortgage Trust | 3.649 | 03/10/46 | 1,013,013 | ||||||||||||
| Series - 2013 C5 (Class B) | |||||||||||||||||
| 2,000,000 | g,i | UBS-Barclays Commercial Mortgage Trust | 3.875 | 04/10/46 | 2,017,404 | ||||||||||||
| Series - 2013 C6 (Class B) | |||||||||||||||||
| 765,134 | g | UBS-Citigroup Commercial Mortgage Trust | 5.154 | 01/10/45 | 764,989 | ||||||||||||
| Series - 2011 C1 (Class AS) | |||||||||||||||||
| 461,212 | g | Verus Securitization Trust | 2.938 | 07/25/59 | 463,895 | ||||||||||||
| Series - 2019 3 (Class A2) | |||||||||||||||||
| 5,300,000 | g,i | Verus Securitization Trust | 3.139 | 07/25/59 | 5,326,152 | ||||||||||||
| Series - 2019 3 (Class M1) | |||||||||||||||||
| 1,225,000 | g,i | Verus Securitization Trust | 3.207 | 11/25/59 | 1,243,895 | ||||||||||||
| Series - 2019 4 (Class M1) | |||||||||||||||||
| 1,336,463 | g | Verus Securitization Trust | 1.733 | 05/25/65 | 1,342,136 | ||||||||||||
| Series - 2020 5 (Class A3) | |||||||||||||||||
| 1,308,685 | g | VSE VOI Mortgage LLC | 2.330 | 03/20/35 | 1,336,492 | ||||||||||||
| Series - 2017 A (Class A) | |||||||||||||||||
| 1,157,407 | g | VSE VOI Mortgage LLC | 4.020 | 02/20/36 | 1,199,427 | ||||||||||||
| Series - 2018 A (Class C) | |||||||||||||||||
| 8,200,000 | Wells Fargo Commercial Mortgage Trust | 3.539 | 10/15/45 | 8,389,382 | |||||||||||||
| Series - 2012 LC5 (Class AS) | |||||||||||||||||
| 2,272,000 | Wells Fargo Commercial Mortgage Trust | 3.540 | 05/15/48 | 2,454,649 | |||||||||||||
| Series - 2015 C28 (Class A4) | |||||||||||||||||
| 2,100,000 | i | Wells Fargo Commercial Mortgage Trust | 3.658 | 05/15/48 | 2,228,752 | ||||||||||||
| Series - 2015 NXS1 (Class B) | |||||||||||||||||
| 2,000,000 | i | Wells Fargo Commercial Mortgage Trust | 4.284 | 05/15/48 | 2,046,801 | ||||||||||||
| Series - 2015 NXS1 (Class D) | |||||||||||||||||
| 350,000 | Wells Fargo Commercial Mortgage Trust | 3.637 | 06/15/48 | 379,552 | |||||||||||||
| Series - 2015 C29 (Class A4) | |||||||||||||||||
| 4,891,887 | Wells Fargo Commercial Mortgage Trust | 2.825 | 10/15/49 | 5,097,702 | |||||||||||||
| Series - 2016 LC24 (Class ASB) | |||||||||||||||||
| 21,046 | Wells Fargo Commercial Mortgage Trust | 2.749 | 03/15/50 | 21,039 | |||||||||||||
| Series - 2017 RB1 (Class A2) | |||||||||||||||||
| 387,000 | Wells Fargo Commercial Mortgage Trust | 3.635 | 03/15/50 | 426,029 | |||||||||||||
| Series - 2017 RB1 (Class A5) | |||||||||||||||||
| 2,000,000 | Wells Fargo Commercial Mortgage Trust | 3.757 | 03/15/50 | 2,183,342 | |||||||||||||
| Series - 2017 RB1 (Class AS) | |||||||||||||||||
| 2,900,000 | Wells Fargo Commercial Mortgage Trust | 3.184 | 04/15/50 | 3,092,487 | |||||||||||||
| Series - 2015 LC20 (Class A5) | |||||||||||||||||
| 1,720,000 | Wells Fargo Commercial Mortgage Trust | 3.467 | 04/15/50 | 1,816,199 | |||||||||||||
| Series - 2015 LC20 (Class AS) | |||||||||||||||||
| 2,000,000 | i | Wells Fargo Commercial Mortgage Trust | 4.012 | 03/15/51 | 2,250,151 | ||||||||||||
| Series - 2018 C43 (Class A4) | |||||||||||||||||
| 213 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 3,290,000 | Wells Fargo Commercial Mortgage Trust | 4.302 | % | 01/15/52 | $ | 3,783,575 | ||||||||||
| Series - 2018 C48 (Class A5) | |||||||||||||||||
| 1,200,000 | g | Wells Fargo Commercial Mortgage Trust | 3.153 | 09/15/57 | 1,180,340 | ||||||||||||
| Series - 2015 NXS3 (Class D) | |||||||||||||||||
| 2,500,000 | i | Wells Fargo Commercial Mortgage Trust | 3.972 | 09/15/57 | 2,712,963 | ||||||||||||
| Series - 2015 NXS3 (Class AS) | |||||||||||||||||
| 3,350,000 | Wells Fargo Commercial Mortgage Trust | 3.952 | 01/15/59 | 3,638,850 | |||||||||||||
| Series - 2016 C32 (Class AS) | |||||||||||||||||
| 2,500,000 | i | Wells Fargo Commercial Mortgage Trust | 4.871 | 01/15/59 | 2,752,416 | ||||||||||||
| Series - 2016 C32 (Class B) | |||||||||||||||||
| 1,000,000 | Wells Fargo Commercial Mortgage Trust | 2.933 | 11/15/59 | 1,049,585 | |||||||||||||
| Series - 2016 C36 (Class ASB) | |||||||||||||||||
| 307,427 | g,i | Wells Fargo Mortgage Backed Securities Trust | 4.000 | 04/25/49 | 308,608 | ||||||||||||
| Series - 2019 2 (Class A17) | |||||||||||||||||
| 2,216,258 | g,i | Wells Fargo Mortgage Backed Securities Trust | 3.500 | 09/25/49 | 2,248,093 | ||||||||||||
| Series - 2019 4 (Class A1) | |||||||||||||||||
| 856,960 | g,i | Wells Fargo Mortgage Backed Securities Trust | 3.000 | 07/25/50 | 870,913 | ||||||||||||
| Series - 2020 4 (Class A17) | |||||||||||||||||
| 13,335,000 | g,i | Wells Fargo Mortgage Backed Securities Trust | 2.500 | 06/25/51 | 13,342,293 | ||||||||||||
| Series - 2021 2 (Class A17) | |||||||||||||||||
| 1,000,000 | WFRBS Commercial Mortgage Trust | 3.345 | 05/15/45 | 1,031,100 | |||||||||||||
| Series - 2013 C13 (Class AS) | |||||||||||||||||
| 3,684,775 | i | WFRBS Commercial Mortgage Trust | 4.079 | 03/15/46 | 3,904,139 | ||||||||||||
| Series - 2013 UBS1 (Class A4) | |||||||||||||||||
| 1,000,000 | i | WFRBS Commercial Mortgage Trust | 4.162 | 12/15/46 | 1,069,385 | ||||||||||||
| Series - 2013 C18 (Class A5) | |||||||||||||||||
| 1,664,000 | i | WFRBS Commercial Mortgage Trust | 5.026 | 12/15/46 | 1,700,048 | ||||||||||||
| Series - 2013 C18 (Class C) | |||||||||||||||||
| 2,225,281 | WFRBS Commercial Mortgage Trust | 3.995 | 05/15/47 | 2,383,528 | |||||||||||||
| Series - 2014 C20 (Class A5) | |||||||||||||||||
| 349,695 | g,i | WinWater Mortgage Loan Trust | 3.856 | 06/20/44 | 351,666 | ||||||||||||
| Series - 2014 1 (Class B4) | |||||||||||||||||
| TOTAL OTHER MORTGAGE BACKED | 758,607,845 | ||||||||||||||||
| TOTAL STRUCTURED ASSETS | 1,412,761,734 | ||||||||||||||||
| (Cost $1,403,451,075) | |||||||||||||||||
| TOTAL BONDS | 10,116,553,748 | ||||||||||||||||
| (Cost $9,927,949,339) | |||||||||||||||||
| SHARES | COMPANY | ||||||||||||||||
| COMMON STOCKS - 0.0% | |||||||||||||||||
| MATERIALS - 0.0% | |||||||||||||||||
| 24,263,919 | * | Petra Diamonds | 572,131 | ||||||||||||||
| TOTAL MATERIALS | 572,131 | ||||||||||||||||
| TOTAL COMMON STOCKS | 572,131 | ||||||||||||||||
| (Cost $456,162) | |||||||||||||||||
| 214 |
TIAA-CREF FUNDS – Core Bond Fund
| SHARES | COMPANY | RATE | MATURITY DATE | VALUE | |||||||||||||
| PREFERRED STOCKS - 0.2% | |||||||||||||||||
| BANKS - 0.1% | |||||||||||||||||
| 142,800 | Bank of America Corp | $ | 3,762,780 | ||||||||||||||
| 250,000 | JPMorgan Chase & Co | 6,525,000 | |||||||||||||||
| TOTAL BANKS | 10,287,780 | ||||||||||||||||
| DIVERSIFIED FINANCIALS - 0.1% | |||||||||||||||||
| 200,000 | Morgan Stanley | 5,710,000 | |||||||||||||||
| 200,000 | e | Morgan Stanley | 5,604,000 | ||||||||||||||
| TOTAL DIVERSIFIED FINANCIALS | 11,314,000 | ||||||||||||||||
| TOTAL PREFERRED STOCKS | 21,601,780 | ||||||||||||||||
| (Cost $21,104,000) | |||||||||||||||||
| PRINCIPAL | ISSUER | ||||||||||||||||
| SHORT-TERM INVESTMENTS - 22.1% | |||||||||||||||||
| GOVERNMENT AGENCY DEBT - 19.9% | |||||||||||||||||
| $ | 50,000,000 | Federal Agricultural Mortgage Corp (FAMC) | 0.000 | % | 10/21/21 | 49,999,445 | |||||||||||
| 15,000,000 | FAMC | 0.000 | 11/30/21 | 14,999,000 | |||||||||||||
| 25,000,000 | FAMC | 0.000 | 04/28/22 | 24,991,398 | |||||||||||||
| 10,000,000 | Federal Farm Credit Bank (FFCB) | 0.000 | 10/04/21 | 9,999,983 | |||||||||||||
| 12,000,000 | FFCB | 0.000 | 10/20/21 | 11,999,874 | |||||||||||||
| 23,672,000 | FFCB | 0.000 | 12/01/21 | 23,670,396 | |||||||||||||
| 15,000,000 | FFCB | 0.000 | 12/14/21 | 14,998,767 | |||||||||||||
| 6,000,000 | FFCB | 0.000 | 01/21/22 | 5,999,254 | |||||||||||||
| 10,000,000 | FFCB | 0.000 | 01/26/22 | 9,998,700 | |||||||||||||
| 30,000,000 | FFCB | 0.000 | 02/08/22 | 29,994,585 | |||||||||||||
| 5,000,000 | FFCB | 0.000 | 02/10/22 | 4,999,084 | |||||||||||||
| 10,000,000 | FFCB | 0.000 | 02/11/22 | 9,998,153 | |||||||||||||
| 33,333,000 | FFCB | 0.000 | 02/15/22 | 33,326,660 | |||||||||||||
| 50,000,000 | FFCB | 0.000 | 02/16/22 | 49,990,420 | |||||||||||||
| 20,000,000 | FFCB | 0.000 | 02/25/22 | 19,995,918 | |||||||||||||
| 14,627,000 | FFCB | 0.000 | 02/28/22 | 14,623,954 | |||||||||||||
| 12,500,000 | FFCB | 0.000 | 03/01/22 | 12,497,379 | |||||||||||||
| 12,500,000 | FFCB | 0.000 | 03/02/22 | 12,497,362 | |||||||||||||
| 18,373,000 | FFCB | 0.000 | 03/17/22 | 18,368,740 | |||||||||||||
| 5,000,000 | FFCB | 0.000 | 04/11/22 | 4,998,419 | |||||||||||||
| 13,750,000 | FFCB | 0.000 | 05/27/22 | 13,744,615 | |||||||||||||
| 20,000,000 | FFCB | 0.000 | 06/16/22 | 19,990,099 | |||||||||||||
| 10,000,000 | FFCB | 0.000 | 07/06/22 | 9,993,849 | |||||||||||||
| 20,000,000 | FFCB | 0.000 | 07/19/22 | 19,987,120 | |||||||||||||
| 11,000,000 | FFCB | 0.000 | 07/25/22 | 10,992,840 | |||||||||||||
| 90,111,000 | Federal Home Loan Bank (FHLB) | 0.000 | 10/06/21 | 90,110,749 | |||||||||||||
| 67,000,000 | FHLB | 0.000 | 10/08/21 | 66,999,739 | |||||||||||||
| 78,419,000 | FHLB | 0.000 | 10/13/21 | 78,418,477 | |||||||||||||
| 15,000,000 | FHLB | 0.000 | 10/14/21 | 14,999,892 | |||||||||||||
| 95,589,000 | FHLB | 0.000 | 10/20/21 | 95,587,992 | |||||||||||||
| 47,636,000 | FHLB | 0.000 | 10/21/21 | 47,635,471 | |||||||||||||
| 11,519,000 | FHLB | 0.000 | 10/22/21 | 11,518,866 | |||||||||||||
| 19,120,000 | FHLB | 0.000 | 10/25/21 | 19,119,745 | |||||||||||||
| 68,195,000 | FHLB | 0.000 | 10/27/21 | 68,194,015 | |||||||||||||
| 20,000,000 | FHLB | 0.000 | 10/29/21 | 19,999,689 | |||||||||||||
| 76,955,000 | FHLB | 0.000 | 11/03/21 | 76,952,179 | |||||||||||||
| 215 |
TIAA-CREF FUNDS – Core Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 85,123,000 | FHLB | 0.000 | % | 11/05/21 | $ | 85,119,690 | ||||||||||
| 101,085,000 | FHLB | 0.000 | 11/10/21 | 101,080,509 | |||||||||||||
| 71,696,000 | FHLB | 0.000 | 11/12/21 | 71,692,655 | |||||||||||||
| 25,000,000 | FHLB | 0.000 | 11/16/21 | 24,998,722 | |||||||||||||
| 28,500,000 | FHLB | 0.000 | 11/17/21 | 28,498,512 | |||||||||||||
| 21,625,000 | FHLB | 0.000 | 11/19/21 | 21,623,823 | |||||||||||||
| 79,500,000 | FHLB | 0.000 | 12/08/21 | 79,493,995 | |||||||||||||
| 50,000,000 | h | FHLB | 0.035 | 12/10/21 | 49,988,918 | ||||||||||||
| 12,640,000 | FHLB | 0.000 | 12/17/21 | 12,638,919 | |||||||||||||
| 31,547,000 | FHLB | 0.000 | 12/22/21 | 31,544,126 | |||||||||||||
| 25,625,000 | FHLB | 0.000 | 12/27/21 | 25,622,524 | |||||||||||||
| 71,000,000 | FHLB | 0.000 | 12/29/21 | 70,992,981 | |||||||||||||
| 50,000,000 | FHLB | 0.000 | 01/04/22 | 49,994,723 | |||||||||||||
| 25,000,000 | h | FHLB | 0.000 | 01/05/22 | 24,997,334 | ||||||||||||
| 20,000,000 | FHLB | 0.000 | 01/18/22 | 19,997,578 | |||||||||||||
| 50,000,000 | FHLB | 0.000 | 01/19/22 | 49,993,890 | |||||||||||||
| 62,000,000 | FHLB | 0.000 | 01/28/22 | 61,991,804 | |||||||||||||
| 50,000,000 | FHLB | 0.045 | 02/14/22 | 49,993,145 | |||||||||||||
| 25,000,000 | FHLB | 0.000 | 02/18/22 | 24,995,141 | |||||||||||||
| 25,000,000 | FHLB | 0.000 | 02/22/22 | 24,995,002 | |||||||||||||
| 24,020,000 | FHLB | 0.000 | 03/30/22 | 24,013,997 | |||||||||||||
| 25,000,000 | FHLB | 0.000 | 05/05/22 | 24,991,111 | |||||||||||||
| 20,000,000 | FHLB | 0.000 | 07/15/22 | 19,987,419 | |||||||||||||
| 30,000,000 | FHLB | 0.000 | 08/01/22 | 29,980,015 | |||||||||||||
| 35,000,000 | FHLB | 0.000 | 08/02/22 | 34,976,607 | |||||||||||||
| 8,000,000 | FHLB | 0.000 | 08/05/22 | 7,994,601 | |||||||||||||
| 18,000,000 | FHLB | 0.000 | 09/16/22 | 17,984,478 | |||||||||||||
| TOTAL GOVERNMENT AGENCY DEBT | 2,112,375,047 | ||||||||||||||||
| REPURCHASE AGREEMENT - 0.9% | |||||||||||||||||
| 95,640,000 | r | Fixed Income Clearing Corp (FICC) | 0.010 | 10/01/21 | 95,640,000 | ||||||||||||
| TOTAL REPURCHASE AGREEMENT | 95,640,000 | ||||||||||||||||
| TREASURY DEBT - 1.0% | |||||||||||||||||
| EGP | 53,000,000 | Egypt Treasury Bill | 0.000 | 02/22/22 | 3,218,086 | ||||||||||||
| 70,900,000 | Egypt Treasury Bills | 0.000 | 03/15/22 | 4,269,793 | |||||||||||||
| UAH | 32,000,000 | Ukraine Treasury Bill | 0.000 | 10/27/21 | 1,195,456 | ||||||||||||
| $ | 19,581,000 | United States Cash Management Bill | 0.000 | 11/30/21 | 19,579,665 | ||||||||||||
| 50,000,000 | United States Treasury Bill | 0.000 | 10/07/21 | 49,999,688 | |||||||||||||
| 25,000,000 | United States Treasury Bill | 0.000 | 08/11/22 | 24,984,191 | |||||||||||||
| TOTAL TREASURY DEBT | 103,246,879 | ||||||||||||||||
| SHARES | COMPANY | ||||||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3% | |||||||||||||||||
| 29,530,512 | c | State Street Navigator Securities Lending Government Money Market Portfolio |
0.030 | 29,530,512 | |||||||||||||
| TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 29,530,512 | ||||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | 2,340,792,438 | ||||||||||||||||
| (Cost $2,340,751,983) | |||||||||||||||||
| TOTAL INVESTMENTS - 119.6% | 12,684,149,463 | ||||||||||||||||
| (Cost $12,495,596,100) | |||||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - (19.6)% | (2,080,025,189 | ) | |||||||||||||||
| NET ASSETS - 100.0% | $ | 10,604,124,274 | |||||||||||||||
| 216 |
TIAA-CREF FUNDS – Core Bond Fund
| Abbreviation(s): | |||
| CNY | Chinese Yuan | ||
| COP | Colombian Peso | ||
| DOP | Dominican Republic Peso | ||
| EGP | Egyptian Pound | ||
| EUR | Euro | ||
| IDR | Indonesian Rupiah | ||
| INR | Indian Rupee | ||
| LIBOR | London Interbank Offered Rate | ||
| M | Month | ||
| MXN | Mexican Peso | ||
| MYR | Malaysian Ringgit | ||
| REIT | Real Estate Investment Trust | ||
| RSD | Serbian Dinar | ||
| RUB | Russian Ruble | ||
| THB | Thai Baht | ||
| UAH | Ukrainian Hryvnia | ||
| UYU | Uruguayan Peso | ||
| ZAR | South African Rand | ||
| * | Non-income producing | ||
| † | Security is categorized as Level 3 in the fair value hierarchy. | ||
| ‡ | Perpetual security | ||
| 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 $28,860,133. | ||
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities is $2,304,808,352 or 21.7% of net assets. | ||
| h | All or a portion of these securities were purchased on a delayed delivery basis. | ||
| i | Floating or variable rate security 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. | ||
| k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. | ||
| o | Payment in Kind Bond | ||
| r | Agreement with Fixed Income Clearing Corp (FICC), 0.010% dated 9/30/21 to be repurchased at $95,640,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $97,552,882. | ||
| 217 |
TIAA-CREF FUNDS – Core Bond Fund
| Forward foreign currency contracts outstanding as of September 30, 2021 were as follows: | ||||||||||||||
| Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation) | ||||||||
| $ | 2,638,624 | EUR | 2,233,796 | Citibank N.A. | 10/25/21 | $ | 49,849 | |||||||
| Abbreviations(s): | |||
| EUR | Euro | ||
Centrally cleared credit default swap contracts outstanding as of September 30, 2021 were as follows:
PURCHASED
| Reference entity | Terms of payments to be paid | Terms of payments to be received | Counterparty | Fixed rate payment frequency | Maturity date | Notional amount* | Value | Premiums paid (received) | Variation margin | Unrealized appreciation (depreciation) | ||||||||||||||||||||
| CDX-NAHYS37V1-5Y | 5.000% | Credit event as specified in contract | Citigroup Global Markets, Inc | Quarterly | 12/20/26 | 90,000,000 | $ | (8,324,510 | ) | $ | (8,751,975) | $ | 186,038 | $ | 427,465 | |||||||||||||||
| * | The maximum potential amount the Account could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs is defined under the terms of that particular swap agreement. This amount may be reduced by any recoverable assets, if applicable. |
| 218 |
TIAA-CREF FUNDS – Core Impact Bond Fund
TIAA-CREF FUNDS
CORE IMPACT BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
September 30, 2021
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| BANK LOAN OBLIGATIONS - 0.3% | |||||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.2% | |||||||||||||||||
| $ | 16,000,000 | i | LTR Intermediate Holdings, Inc | LIBOR 1 M + 4.500% | 5.500 | % | 05/05/28 | $ | 15,960,000 | ||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 15,960,000 | ||||||||||||||||
| UTILITIES - 0.1% | |||||||||||||||||
| 7,526,721 | i | Exgen Renewables IV LLC | LIBOR 3 M + 2.500% | 3.500 | 12/15/27 | 7,517,313 | |||||||||||
| TOTAL UTILITIES | 7,517,313 | ||||||||||||||||
| TOTAL BANK LOAN OBLIGATIONS (Cost $23,340,110) | 23,477,313 | ||||||||||||||||
| BONDS - 96.5% | |||||||||||||||||
| CORPORATE BONDS - 44.2% | |||||||||||||||||
| AUTOMOBILES & COMPONENTS - 0.7% | |||||||||||||||||
| 5,000,000 | Dana, Inc | 4.250 | 09/01/30 | 5,142,250 | |||||||||||||
| 9,275,000 | g | Denso Corp | 1.239 | 09/16/26 | 9,207,445 | ||||||||||||
| 10,500,000 | g | Harley-Davidson Financial Services, Inc | 4.050 | 02/04/22 | 10,627,343 | ||||||||||||
| 14,475,000 | g | Hyundai Capital Services, Inc | 1.250 | 02/08/26 | 14,252,165 | ||||||||||||
| 11,025,000 | Magna International, Inc | 2.450 | 06/15/30 | 11,196,376 | |||||||||||||
| TOTAL AUTOMOBILES & COMPONENTS | 50,425,579 | ||||||||||||||||
| BANKS - 9.4% | |||||||||||||||||
| 12,500,000 | g | ABN AMRO Bank NV | 1.542 | 06/16/27 | 12,429,465 | ||||||||||||
| 13,750,000 | Bank of America Corp | 0.981 | 09/25/25 | 13,768,975 | |||||||||||||
| 10,000,000 | Bank of America Corp | 2.456 | 10/22/25 | 10,445,300 | |||||||||||||
| 15,000,000 | i | Bank of America Corp | SOFR + 0.970% | 1.020 | 07/22/27 | 15,287,447 | |||||||||||
| 12,500,000 | Bank of America Corp | 2.087 | 06/14/29 | 12,479,939 | |||||||||||||
| 15,000,000 | Bank of America Corp | 2.687 | 04/22/32 | 15,274,050 | |||||||||||||
| 3,150,000 | g | Bank of Montreal | 2.100 | 06/15/22 | 3,191,111 | ||||||||||||
| 10,000,000 | Bank of Montreal | 3.803 | 12/15/32 | 10,956,521 | |||||||||||||
| 2,250,000 | Barclays plc | 3.811 | 03/10/42 | 2,388,026 | |||||||||||||
| 6,225,000 | Barclays plc | 4.375 | N/A‡ | 6,220,643 | |||||||||||||
| 10,000,000 | g | BNP Paribas S.A. | 1.323 | 01/13/27 | 9,832,100 | ||||||||||||
| 3,250,000 | g | BNP Paribas S.A. | 1.904 | 09/30/28 | 3,234,887 | ||||||||||||
| 15,300,000 | g | BNP Paribas S.A. | 2.871 | 04/19/32 | 15,625,332 | ||||||||||||
| 11,500,000 | g | BNP Paribas S.A. | 2.588 | 08/12/35 | 11,151,764 | ||||||||||||
| 4,850,000 | i | Canadian Imperial Bank of Commerce | SOFR + 0.800% | 0.850 | 03/17/23 | 4,892,971 | |||||||||||
| 15,000,000 | Citigroup, Inc | 1.678 | 05/15/24 | 15,291,780 | |||||||||||||
| 19,125,000 | Citigroup, Inc | 0.776 | 10/30/24 | 19,198,336 | |||||||||||||
| 10,225,000 | Citizens Bank NA | 2.250 | 04/28/25 | 10,633,930 | |||||||||||||
| 3,800,000 | Citizens Bank NA | 3.750 | 02/18/26 | 4,201,926 | |||||||||||||
| 5,000,000 | i | Cooperatieve Rabobank UA | LIBOR 3 M + 0.480% | 0.599 | 01/10/23 | 5,027,114 | |||||||||||
| 14,970,000 | Cooperatieve Rabobank UA | 3.750 | 07/21/26 | 16,498,497 | |||||||||||||
| 219 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 10,000,000 | g | Cooperatieve Rabobank UA | 1.106 | % | 02/24/27 | $ | 9,857,387 | |||||||||
| 15,000,000 | g | Credit Agricole S.A. | 1.247 | 01/26/27 | 14,788,014 | ||||||||||||
| 4,500,000 | First Abu Dhabi Bank PJSC | 3.000 | 03/30/22 | 4,553,480 | |||||||||||||
| 8,385,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 8,622,737 | |||||||||||||
| 13,750,000 | HSBC Holdings plc | 2.206 | 08/17/29 | 13,638,070 | |||||||||||||
| 10,000,000 | i | ING Groep NV | LIBOR 3 M + 1.000% | 1.130 | 10/02/23 | 10,149,009 | |||||||||||
| 15,750,000 | g | ING Groep NV | 1.400 | 07/01/26 | 15,790,133 | ||||||||||||
| 12,500,000 | i | ING Groep NV | SOFR + 1.010% | 1.060 | 04/01/27 | 12,628,626 | |||||||||||
| 10,000,000 | ING Groep NV | 2.727 | 04/01/32 | 10,289,729 | |||||||||||||
| 6,250,000 | g | Intesa Sanpaolo S.p.A | 3.250 | 09/23/24 | 6,600,251 | ||||||||||||
| 7,200,000 | g | Intesa Sanpaolo S.p.A | 4.000 | 09/23/29 | 7,859,065 | ||||||||||||
| 1,275,000 | g | Intesa Sanpaolo S.p.A | 4.950 | 06/01/42 | 1,321,347 | ||||||||||||
| 10,000,000 | g | Itau Unibanco Holding S.A. | 3.875 | 04/15/31 | 9,695,100 | ||||||||||||
| 9,150,000 | JPMorgan Chase & Co | 0.563 | 02/16/25 | 9,112,004 | |||||||||||||
| 15,000,000 | JPMorgan Chase & Co | 1.040 | 02/04/27 | 14,715,900 | |||||||||||||
| 13,065,000 | JPMorgan Chase & Co | 3.650 | N/A‡ | 13,130,325 | |||||||||||||
| 9,670,000 | g | Kookmin Bank | 2.500 | 11/04/30 | 9,580,469 | ||||||||||||
| 4,000,000 | Lloyds Banking Group plc | 4.500 | 11/04/24 | 4,392,414 | |||||||||||||
| 5,725,000 | Lloyds Banking Group plc | 3.870 | 07/09/25 | 6,172,632 | |||||||||||||
| 7,725,000 | Massachusetts Higher Education Assistance Corp | 2.673 | 07/01/31 | 7,893,125 | |||||||||||||
| 5,925,000 | i | Mizuho Financial Group, Inc | LIBOR 3 M + 0.630% | 0.759 | 03/01/28 | 5,962,678 | |||||||||||
| 15,893,000 | g | National Australia Bank Ltd | 2.332 | 08/21/30 | 15,363,722 | ||||||||||||
| 10,000,000 | g | National Australia Bank Ltd | 2.990 | 05/21/31 | 10,119,604 | ||||||||||||
| 5,750,000 | National Bank of Canada | 0.550 | 11/15/24 | 5,738,528 | |||||||||||||
| 7,500,000 | Natwest Group plc | 1.642 | 06/14/27 | 7,499,501 | |||||||||||||
| 5,485,000 | NatWest Group plc | 2.359 | 05/22/24 | 5,628,339 | |||||||||||||
| 11,310,000 | People’s United Bank NA | 4.000 | 07/15/24 | 12,077,523 | |||||||||||||
| 4,500,000 | People’s United Financial, Inc | 3.650 | 12/06/22 | 4,625,405 | |||||||||||||
| 11,225,000 | g | Shinhan Financial Group Co Ltd | 3.340 | 02/05/30 | 11,676,168 | ||||||||||||
| 7,150,000 | g | Standard Chartered plc | 0.991 | 01/12/25 | 7,125,648 | ||||||||||||
| 10,000,000 | g | Standard Chartered plc | 1.456 | 01/14/27 | 9,834,750 | ||||||||||||
| 13,600,000 | Sumitomo Mitsui Financial Group, Inc | 1.474 | 07/08/25 | 13,709,480 | |||||||||||||
| 11,500,000 | SVB Financial Group | 2.100 | 05/15/28 | 11,609,197 | |||||||||||||
| 7,569,000 | SVB Financial Group | 3.125 | 06/05/30 | 8,096,529 | |||||||||||||
| 12,800,000 | SVB Financial Group | 1.800 | 02/02/31 | 12,282,690 | |||||||||||||
| 3,296,000 | SVB Financial Group | 4.100 | N/A‡ | 3,387,629 | |||||||||||||
| 5,000,000 | SVB Financial Group | 4.000 | N/A‡ | 5,125,000 | |||||||||||||
| 6,000,000 | Truist Financial Corp | 3.700 | 06/05/25 | 6,568,363 | |||||||||||||
| 14,350,000 | Truist Financial Corp | 1.267 | 03/02/27 | 14,298,989 | |||||||||||||
| 5,000,000 | Truist Financial Corp | 4.950 | N/A‡ | 5,461,600 | |||||||||||||
| 14,200,000 | g,i | UBS AG. | SOFR + 0.450% | 0.500 | 08/09/24 | 14,305,080 | |||||||||||
| 11,675,000 | g | UBS Group AG. | 1.494 | 08/10/27 | 11,539,813 | ||||||||||||
| 1,540,000 | g,i | UniCredit S.p.A | LIBOR 3 M + 3.900% | 4.033 | 01/14/22 | 1,554,516 | |||||||||||
| 7,948,000 | g | UniCredit S.p.A | 6.572 | 01/14/22 | 8,076,968 | ||||||||||||
| 15,000,000 | g | UniCredit S.p.A | 2.569 | 09/22/26 | 15,251,176 | ||||||||||||
| 3,600,000 | g | UniCredit S.p.A | 5.459 | 06/30/35 | 3,971,680 | ||||||||||||
| 14,470,000 | g | United Overseas Bank Ltd | 2.000 | 10/14/31 | 14,468,119 | ||||||||||||
| 5,800,000 | g | USAA Capital Corp | 1.500 | 05/01/23 | 5,901,846 | ||||||||||||
| 7,435,000 | g | USAA Capital Corp | 2.125 | 05/01/30 | 7,489,266 | ||||||||||||
| TOTAL BANKS | 667,569,738 | ||||||||||||||||
| CAPITAL GOODS - 1.5% | |||||||||||||||||
| 10,450,000 | Carrier Global Corp | 2.700 | 02/15/31 | 10,759,691 | |||||||||||||
| 4,000,000 | CNH Industrial Capital LLC | 1.950 | 07/02/23 | 4,088,715 | |||||||||||||
| 220 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 3,053,000 | CNH Industrial NV | 3.850 | % | 11/15/27 | $ | 3,404,393 | ||||||||||
| 4,925,000 | Johnson Controls International plc | 1.750 | 09/15/30 | 4,780,328 | |||||||||||||
| 6,900,000 | Lennox International, Inc | 1.350 | 08/01/25 | 6,901,459 | |||||||||||||
| 4,900,000 | Lennox International, Inc | 1.700 | 08/01/27 | 4,863,958 | |||||||||||||
| 9,800,000 | Masco Corp | 1.500 | 02/15/28 | 9,534,248 | |||||||||||||
| 10,000,000 | Otis Worldwide Corp | 3.112 | 02/15/40 | 10,250,004 | |||||||||||||
| 3,400,000 | Roper Technologies, Inc | 1.400 | 09/15/27 | 3,357,629 | |||||||||||||
| 6,275,000 | g,i | Siemens Financieringsmaatschappij NV | SOFR + 0.430% | 0.480 | 03/11/24 | 6,328,086 | |||||||||||
| 12,500,000 | g | Siemens Financieringsmaatschappij NV | 1.200 | 03/11/26 | 12,455,116 | ||||||||||||
| 10,500,000 | g | Triton Container International Ltd | 1.150 | 06/07/24 | 10,482,963 | ||||||||||||
| 7,000,000 | g | Triton Container International Ltd | 3.150 | 06/15/31 | 7,065,618 | ||||||||||||
| 6,525,000 | Xylem, Inc | 1.950 | 01/30/28 | 6,564,745 | |||||||||||||
| 3,575,000 | Xylem, Inc | 2.250 | 01/30/31 | 3,577,843 | |||||||||||||
| TOTAL CAPITAL GOODS | 104,414,796 | ||||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.7% | |||||||||||||||||
| 7,500,000 | Mather Foundation | 2.675 | 10/01/31 | 7,478,181 | |||||||||||||
| 15,760,000 | Rockefeller Foundation | 2.492 | 10/01/50 | 15,377,407 | |||||||||||||
| 14,925,000 | Waste Connections, Inc | 2.200 | 01/15/32 | 14,713,581 | |||||||||||||
| 12,450,000 | Waste Connections, Inc | 2.950 | 01/15/52 | 12,181,738 | |||||||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 49,750,907 | ||||||||||||||||
| CONSUMER DURABLES & APPAREL - 0.1% | |||||||||||||||||
| 6,700,000 | Whirlpool Corp | 2.400 | 05/15/31 | 6,698,757 | |||||||||||||
| TOTAL CONSUMER DURABLES & APPAREL | 6,698,757 | ||||||||||||||||
| CONSUMER SERVICES - 1.1% | |||||||||||||||||
| 2,800,000 | Bush Foundation | 2.754 | 10/01/50 | 2,740,319 | |||||||||||||
| 10,750,000 | Conservation Fund | 3.474 | 12/15/29 | 11,346,967 | |||||||||||||
| 4,040,000 | Henry J Kaiser Family Foundation | 3.356 | 12/01/25 | 4,182,573 | |||||||||||||
| 4,500,000 | Low Income Investment Fund | 3.386 | 07/01/26 | 4,742,126 | |||||||||||||
| 10,000,000 | Low Income Investment Fund | 3.711 | 07/01/29 | 10,655,898 | |||||||||||||
| 7,850,000 | i | Nature Conservancy | LIBOR 3 M + 1.080% | 1.206 | 02/01/24 | 7,886,534 | |||||||||||
| 4,100,000 | New York Public Library Astor Lenox & Tilden Foundations | 4.305 | 07/01/45 | 5,043,136 | |||||||||||||
| 70,000 | Salvation Army | 5.637 | 09/01/26 | 83,383 | |||||||||||||
| 5,000,000 | Salvation Army | 4.528 | 09/01/48 | 5,498,424 | |||||||||||||
| 6,850,000 | Starbucks Corp | 2.450 | 06/15/26 | 7,197,776 | |||||||||||||
| 11,440,000 | Wisconsin Alumni Research Foundation | 3.564 | 10/01/49 | 12,532,355 | |||||||||||||
| 5,000,000 | YMCA of Greater New York | 5.021 | 08/01/38 | 5,476,844 | |||||||||||||
| 1,500,000 | YMCA of Greater New York | 5.151 | 08/01/48 | 1,703,349 | |||||||||||||
| TOTAL CONSUMER SERVICES | 79,089,684 | ||||||||||||||||
| DIVERSIFIED FINANCIALS - 5.4% | |||||||||||||||||
| 10,800,000 | AerCap Ireland Capital DAC | 1.750 | 01/30/26 | 10,689,673 | |||||||||||||
| 2,125,000 | Bank of New York Mellon Corp | 2.661 | 05/16/23 | 2,155,691 | |||||||||||||
| 3,150,000 | Bank of New York Mellon Corp | 4.700 | N/A‡ | 3,457,125 | |||||||||||||
| 21,400,000 | g | BPCE S.A. | 1.652 | 10/06/26 | 21,425,424 | ||||||||||||
| 10,750,000 | Century Housing Corp | 3.995 | 11/01/21 | 10,749,282 | |||||||||||||
| 8,725,000 | Charles Schwab Corp | 4.000 | N/A‡ | 8,999,838 | |||||||||||||
| 11,645,000 | Community Preservation Corp | 2.867 | 02/01/30 | 12,071,903 | |||||||||||||
| 16,425,000 | g | Credit Suisse Group AG. | 1.305 | 02/02/27 | 16,052,132 | ||||||||||||
| 221 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 10,050,000 | g | Credit Suisse Group AG. | 3.091 | % | 05/14/32 | $ | 10,276,385 | |||||||||
| 5,820,000 | Enterprise Community Loan Fund, Inc | 4.152 | 11/01/28 | 6,026,202 | |||||||||||||
| 10,000,000 | Ford Foundation | 2.815 | 06/01/70 | 9,904,790 | |||||||||||||
| 13,300,000 | Goldman Sachs Group, Inc | 0.855 | 02/12/26 | 13,171,902 | |||||||||||||
| 24,500,000 | Morgan Stanley | 0.791 | 01/22/25 | 24,498,897 | |||||||||||||
| 11,950,000 | Morgan Stanley | 0.985 | 12/10/26 | 11,737,768 | |||||||||||||
| 12,475,000 | Morgan Stanley | 1.512 | 07/20/27 | 12,415,691 | |||||||||||||
| 17,500,000 | Morgan Stanley | 2.239 | 07/21/32 | 17,198,776 | |||||||||||||
| 14,150,000 | Morgan Stanley | 2.484 | 09/16/36 | 13,848,981 | |||||||||||||
| 11,600,000 | g,i | NatWest Markets plc | SOFR + 0.530% | 0.580 | 08/12/24 | 11,665,628 | |||||||||||
| 7,500,000 | g | NatWest Markets plc | 0.800 | 08/12/24 | 7,484,175 | ||||||||||||
| 16,500,000 | g | NatWest Markets plc | 1.600 | 09/29/26 | 16,490,997 | ||||||||||||
| 10,000,000 | g | NongHyup Bank | 1.250 | 07/20/25 | 9,956,324 | ||||||||||||
| 2,127,000 | Reinvestment Fund, Inc | 3.166 | 11/01/23 | 2,187,377 | |||||||||||||
| 3,000,000 | Reinvestment Fund, Inc | 3.600 | 02/15/24 | 3,128,393 | |||||||||||||
| 2,500,000 | Reinvestment Fund, Inc | 3.366 | 11/01/24 | 2,620,916 | |||||||||||||
| 5,000,000 | Reinvestment Fund, Inc | 3.513 | 11/01/25 | 5,316,319 | |||||||||||||
| 5,000,000 | Reinvestment Fund, Inc | 3.880 | 02/15/27 | 5,478,243 | |||||||||||||
| 10,500,000 | g | Societe Generale S.A. | 1.792 | 06/09/27 | 10,443,018 | ||||||||||||
| 11,150,000 | g | Societe Generale S.A. | 2.889 | 06/09/32 | 11,213,107 | ||||||||||||
| 5,000,000 | State Street Corp | 2.653 | 05/15/23 | 5,073,064 | |||||||||||||
| 8,100,000 | g | Swiss Re Finance Luxembourg SA | 5.000 | 04/02/49 | 9,294,329 | ||||||||||||
| 4,823,000 | g | UBS Group AG | 1.008 | 07/30/24 | 4,854,227 | ||||||||||||
| 14,700,000 | g | UBS Group AG | 1.364 | 01/30/27 | 14,562,962 | ||||||||||||
| 9,000,000 | Unilever Capital Corp | 0.626 | 08/12/24 | 9,014,243 | |||||||||||||
| 13,750,000 | Unilever Capital Corp | 2.000 | 07/28/26 | 14,271,068 | |||||||||||||
| 5,528,000 | Unilever Capital Corp | 2.125 | 09/06/29 | 5,650,240 | |||||||||||||
| 6,125,000 | Unilever Capital Corp | 1.375 | 09/14/30 | 5,854,278 | |||||||||||||
| 8,475,000 | Unilever Capital Corp | 1.750 | 08/12/31 | 8,261,295 | |||||||||||||
| 9,425,000 | Unilever Capital Corp | 2.625 | 08/12/51 | 9,085,445 | |||||||||||||
| 3,450,000 | g | WLB Asset II B Pte Ltd | 3.950 | 12/10/24 | 3,441,437 | ||||||||||||
| 1,925,000 | g | WLB Asset II Pte Ltd | 4.000 | 01/14/24 | 1,954,307 | ||||||||||||
| TOTAL DIVERSIFIED FINANCIALS | 381,981,852 | ||||||||||||||||
| ENERGY - 2.6% | |||||||||||||||||
| 7,500,000 | g | Aker BP ASA | 2.875 | 01/15/26 | 7,926,369 | ||||||||||||
| 10,000,000 | g | Aker BP ASA | 4.000 | 01/15/31 | 10,877,015 | ||||||||||||
| 2,650,000 | Cenovus Energy, Inc | 2.650 | 01/15/32 | 2,599,903 | |||||||||||||
| 6,550,000 | Cenovus Energy, Inc | 3.750 | 02/15/52 | 6,364,934 | |||||||||||||
| 7,500,000 | i | Enbridge, Inc | SOFR + 0.400% | 0.450 | 02/17/23 | 7,521,000 | |||||||||||
| 7,600,000 | Enbridge, Inc | 2.500 | 01/15/25 | 7,916,154 | |||||||||||||
| 8,175,000 | Enbridge, Inc | 3.400 | 08/01/51 | 8,235,964 | |||||||||||||
| 5,830,000 | Enbridge, Inc | 5.750 | 07/15/80 | 6,587,609 | |||||||||||||
| 7,375,000 | EQT Corp | 6.625 | 02/01/25 | 8,441,056 | |||||||||||||
| 1,000,000 | Equinor ASA | 2.450 | 01/17/23 | 1,027,199 | |||||||||||||
| 2,000,000 | Equinor ASA | 3.700 | 03/01/24 | 2,147,182 | |||||||||||||
| 7,725,000 | Equinor ASA | 2.375 | 05/22/30 | 7,946,508 | |||||||||||||
| 3,000,000 | Equinor ASA | 3.950 | 05/15/43 | 3,452,522 | |||||||||||||
| 9,110,000 | Equinor ASA | 3.250 | 11/18/49 | 9,653,264 | |||||||||||||
| 1,925,000 | ONEOK, Inc | 4.000 | 07/13/27 | 2,133,460 | |||||||||||||
| 7,246,000 | ONEOK, Inc | 3.400 | 09/01/29 | 7,727,698 | |||||||||||||
| 13,500,000 | ONEOK, Inc | 3.100 | 03/15/30 | 14,091,438 | |||||||||||||
| 3,350,000 | ONEOK, Inc | 4.950 | 07/13/47 | 3,960,098 | |||||||||||||
| 10,000,000 | ONEOK, Inc | 4.450 | 09/01/49 | 11,177,377 | |||||||||||||
| 222 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 5,725,000 | g | Renewable Energy Group, Inc | 5.875 | % | 06/01/28 | $ | 5,918,219 | |||||||||
| 11,700,000 | g | Santos Finance Ltd | 3.649 | 04/29/31 | 11,914,826 | ||||||||||||
| 7,540,000 | g | Sunnova Energy Corp | 5.875 | 09/01/26 | 7,681,375 | ||||||||||||
| 6,000,000 | Total Capital International S.A. | 2.434 | 01/10/25 | 6,274,751 | |||||||||||||
| 12,850,000 | Total Capital International S.A. | 2.986 | 06/29/41 | 13,066,858 | |||||||||||||
| 11,550,000 | Total Capital International S.A. | 3.127 | 05/29/50 | 11,613,358 | |||||||||||||
| TOTAL ENERGY | 186,256,137 | ||||||||||||||||
| FOOD & STAPLES RETAILING - 0.2% | |||||||||||||||||
| 3,563,000 | g,i | 7-Eleven, Inc | LIBOR 3 M + 0.450% | 0.578 | 08/10/22 | 3,563,892 | |||||||||||
| 11,225,000 | SYSCO Corp | 2.400 | 02/15/30 | 11,393,438 | |||||||||||||
| TOTAL FOOD & STAPLES RETAILING | 14,957,330 | ||||||||||||||||
| FOOD, BEVERAGE & TOBACCO - 0.5% | |||||||||||||||||
| 6,150,000 | g | Coca-Cola European Partners plc | 1.500 | 01/15/27 | 6,104,667 | ||||||||||||
| 10,500,000 | g | NBM US Holdings, Inc | 6.625 | 08/06/29 | 11,529,105 | ||||||||||||
| 15,310,000 | PepsiCo, Inc | 2.875 | 10/15/49 | 15,595,618 | |||||||||||||
| TOTAL FOOD, BEVERAGE & TOBACCO | 33,229,390 | ||||||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES - 0.6% | |||||||||||||||||
| 10,000,000 | i | Cigna Corp | LIBOR 3 M + 0.890% | 1.016 | 07/15/23 | 10,122,391 | |||||||||||
| 6,900,000 | Cigna Corp | 0.613 | 03/15/24 | 6,884,892 | |||||||||||||
| 10,150,000 | Cigna Corp | 2.375 | 03/15/31 | 10,242,264 | |||||||||||||
| 7,000,000 | PerkinElmer, Inc | 2.250 | 09/15/31 | 6,905,411 | |||||||||||||
| 10,385,000 | Stanford Health Care | 3.027 | 08/15/51 | 10,759,565 | |||||||||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES | 44,914,523 | ||||||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 0.4% | |||||||||||||||||
| 5,900,000 | Kimberly-Clark Corp | 3.950 | 11/01/28 | 6,764,473 | |||||||||||||
| 5,300,000 | Procter & Gamble Co | 3.000 | 03/25/30 | 5,800,055 | |||||||||||||
| 12,125,000 | Procter & Gamble Co | 1.200 | 10/29/30 | 11,534,521 | |||||||||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 24,099,049 | ||||||||||||||||
| INSURANCE - 1.6% | |||||||||||||||||
| 6,851,000 | g | AIA Group Ltd | 3.600 | 04/09/29 | 7,502,167 | ||||||||||||
| 10,928,000 | g | AIA Group Ltd | 3.375 | 04/07/30 | 11,785,900 | ||||||||||||
| 2,400,000 | Chubb INA Holdings, Inc | 1.375 | 09/15/30 | 2,272,452 | |||||||||||||
| 11,400,000 | g | Empower Finance 2020 LP | 1.357 | 09/17/27 | 11,193,814 | ||||||||||||
| 4,950,000 | g | Empower Finance 2020 LP | 1.776 | 03/17/31 | 4,758,731 | ||||||||||||
| 8,075,000 | First American Financial Corp | 2.400 | 08/15/31 | 7,868,311 | |||||||||||||
| 3,750,000 | g | Five Corners Funding Trust | 4.419 | 11/15/23 | 4,049,379 | ||||||||||||
| 13,325,000 | g | Five Corners Funding Trust II | 2.850 | 05/15/30 | 13,928,492 | ||||||||||||
| 4,100,000 | g | Great-West Lifeco US Finance 2020 LP | 0.904 | 08/12/25 | 4,036,769 | ||||||||||||
| 5,000,000 | Progressive Corp | 3.700 | 01/26/45 | 5,675,046 | |||||||||||||
| 10,000,000 | Prudential Financial, Inc | 1.500 | 03/10/26 | 10,149,019 | |||||||||||||
| 4,265,000 | Prudential Financial, Inc | 3.700 | 10/01/50 | 4,444,954 | |||||||||||||
| 4,499,000 | Reinsurance Group of America, Inc | 3.900 | 05/15/29 | 5,026,205 | |||||||||||||
| 6,100,000 | Reinsurance Group of America, Inc | 3.150 | 06/15/30 | 6,484,802 | |||||||||||||
| 5,000,000 | g | Swiss Re Treasury US Corp | 2.875 | 12/06/22 | 5,121,561 | ||||||||||||
| 6,674,000 | g | Swiss Re Treasury US Corp | 4.250 | 12/06/42 | 8,128,744 | ||||||||||||
| TOTAL INSURANCE | 112,426,346 | ||||||||||||||||
| 223 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| MATERIALS - 1.5% | |||||||||||||||||
| $ | 10,588,000 | g | Air Liquide Finance S.A. | 2.500 | % | 09/27/26 | $ | 11,184,403 | |||||||||
| 7,250,000 | g | Celulosa Arauco y Constitucion S.A. | 4.200 | 01/29/30 | 7,811,875 | ||||||||||||
| 10,000,000 | g | Celulosa Arauco y Constitucion S.A. | 5.150 | 01/29/50 | 11,325,100 | ||||||||||||
| 4,200,000 | g | Ecolab, Inc | 2.750 | 08/18/55 | 4,035,534 | ||||||||||||
| 5,600,000 | g | International Flavors & Fragrances, Inc | 2.300 | 11/01/30 | 5,552,220 | ||||||||||||
| 1,934,000 | International Paper Co | 4.800 | 06/15/44 | 2,438,534 | |||||||||||||
| 3,389,000 | International Paper Co | 4.350 | 08/15/48 | 4,148,324 | |||||||||||||
| 5,750,000 | g | Inversiones CMPC S.A. | 4.375 | 04/04/27 | 6,345,125 | ||||||||||||
| EUR | 2,500,000 | g | LG Chem Ltd | 0.500 | 04/15/23 | 2,919,239 | |||||||||||
| $ | 5,940,000 | g | LG Chem Ltd | 3.625 | 04/15/29 | 6,505,038 | |||||||||||
| 14,500,000 | i | LYB International Finance III LLC | LIBOR 3 M + 1.000% | 1.131 | 10/01/23 | 14,508,442 | |||||||||||
| 5,925,000 | LYB International Finance III LLC | 3.375 | 10/01/40 | 6,152,739 | |||||||||||||
| 5,000,000 | Newmont Corp | 2.250 | 10/01/30 | 4,973,689 | |||||||||||||
| 9,875,000 | PPG Industries, Inc | 1.200 | 03/15/26 | 9,833,344 | |||||||||||||
| 10,000,000 | e | Teck Resources Ltd | 3.900 | 07/15/30 | 10,857,884 | ||||||||||||
| TOTAL MATERIALS | 108,591,490 | ||||||||||||||||
| MEDIA & ENTERTAINMENT - 0.5% | |||||||||||||||||
| 10,000,000 | e | Alphabet, Inc | 1.100 | 08/15/30 | 9,447,000 | ||||||||||||
| 5,000,000 | Comcast Corp | 3.200 | 07/15/36 | 5,325,322 | |||||||||||||
| 3,650,000 | Discovery Communications LLC | 4.000 | 09/15/55 | 3,816,800 | |||||||||||||
| 10,000,000 | g | NTT Finance Corp | 1.162 | 04/03/26 | 9,942,707 | ||||||||||||
| 7,500,000 | g | NTT Finance Corp | 2.065 | 04/03/31 | 7,545,307 | ||||||||||||
| 2,320,000 | Smithsonian Institution | 2.645 | 09/01/39 | 2,347,759 | |||||||||||||
| TOTAL MEDIA & ENTERTAINMENT | 38,424,895 | ||||||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.7% | |||||||||||||||||
| 10,000,000 | Amgen, Inc | 2.000 | 01/15/32 | 9,616,726 | |||||||||||||
| 10,875,000 | Amgen, Inc | 3.000 | 01/15/52 | 10,432,598 | |||||||||||||
| 4,800,000 | Bristol-Myers Squibb Co | 2.350 | 11/13/40 | 4,567,290 | |||||||||||||
| 7,700,000 | Bristol-Myers Squibb Co | 2.550 | 11/13/50 | 7,229,938 | |||||||||||||
| 6,275,000 | Gilead Sciences, Inc | 1.200 | 10/01/27 | 6,142,346 | |||||||||||||
| 5,350,000 | Gilead Sciences, Inc | 2.600 | 10/01/40 | 5,093,512 | |||||||||||||
| 14,150,000 | Gilead Sciences, Inc | 2.800 | 10/01/50 | 13,339,130 | |||||||||||||
| 10,000,000 | Pfizer, Inc | 1.750 | 08/18/31 | 9,772,952 | |||||||||||||
| 7,725,000 | g,i | Roche Holdings, Inc | SOFR + 0.240% | 0.290 | 03/05/24 | 7,743,370 | |||||||||||
| 12,500,000 | g | Roche Holdings, Inc | 0.991 | 03/05/26 | 12,377,218 | ||||||||||||
| 5,674,000 | g | Roche Holdings, Inc | 2.375 | 01/28/27 | 5,935,560 | ||||||||||||
| 14,681,000 | Takeda Pharmaceutical Co Ltd | 2.050 | 03/31/30 | 14,450,729 | |||||||||||||
| 8,500,000 | Takeda Pharmaceutical Co Ltd | 3.175 | 07/09/50 | 8,613,707 | |||||||||||||
| 3,850,000 | Thermo Fisher Scientific, Inc | 2.000 | 10/15/31 | 3,766,649 | |||||||||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 119,081,725 | ||||||||||||||||
| REAL ESTATE - 1.9% | |||||||||||||||||
| 1,975,000 | Brandywine Operating Partnership LP | 3.950 | 02/15/23 | 2,048,700 | |||||||||||||
| 6,225,000 | Brandywine Operating Partnership LP | 3.950 | 11/15/27 | 6,771,913 | |||||||||||||
| 6,875,000 | Brixmor Operating Partnership LP | 3.900 | 03/15/27 | 7,542,997 | |||||||||||||
| 6,600,000 | Brixmor Operating Partnership LP | 2.250 | 04/01/28 | 6,656,241 | |||||||||||||
| 4,175,000 | Brixmor Operating Partnership LP | 2.500 | 08/16/31 | 4,113,497 | |||||||||||||
| 5,975,000 | Corporate Office Properties LP | 2.750 | 04/15/31 | 6,035,607 | |||||||||||||
| 6,600,000 | Duke Realty LP | 2.875 | 11/15/29 | 6,953,585 | |||||||||||||
| 224 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 11,400,000 | Equinix, Inc | 1.000 | % | 09/15/25 | $ | 11,243,439 | ||||||||||
| 2,350,000 | Equinix, Inc | 1.800 | 07/15/27 | 2,361,298 | |||||||||||||
| 6,900,000 | Federal Realty Investment Trust | 1.250 | 02/15/26 | 6,840,791 | |||||||||||||
| 10,000,000 | g | HAT Holdings I LLC | 3.375 | 06/15/26 | 10,150,000 | ||||||||||||
| 10,000,000 | g | HAT Holdings I LLC | 3.750 | 09/15/30 | 10,100,000 | ||||||||||||
| 4,725,000 | Kilroy Realty LP | 3.450 | 12/15/24 | 5,043,071 | |||||||||||||
| 14,350,000 | Kilroy Realty LP | 2.500 | 11/15/32 | 14,128,906 | |||||||||||||
| 3,125,000 | Life Storage LP | 2.200 | 10/15/30 | 3,098,726 | |||||||||||||
| 2,516,000 | Piedmont Operating Partnership LP | 3.400 | 06/01/23 | 2,602,603 | |||||||||||||
| 9,157,000 | Regency Centers LP | 3.750 | 06/15/24 | 9,759,300 | |||||||||||||
| 8,090,000 | g | Scentre Group Trust 2 | 5.125 | 09/24/80 | 8,694,323 | ||||||||||||
| 7,310,000 | UDR, Inc | 1.900 | 03/15/33 | 6,788,874 | |||||||||||||
| 3,150,000 | Vornado Realty LP | 2.150 | 06/01/26 | 3,199,391 | |||||||||||||
| 2,775,000 | Vornado Realty LP | 3.400 | 06/01/31 | 2,871,563 | |||||||||||||
| TOTAL REAL ESTATE | 137,004,825 | ||||||||||||||||
| RETAILING - 1.1% | |||||||||||||||||
| 2,800,000 | Advance Auto Parts, Inc | 1.750 | 10/01/27 | 2,787,754 | |||||||||||||
| 10,000,000 | Amazon.com, Inc | 0.250 | 05/12/23 | 10,017,890 | |||||||||||||
| 5,200,000 | AutoNation, Inc | 2.400 | 08/01/31 | 5,067,879 | |||||||||||||
| 7,200,000 | Home Depot, Inc | 2.500 | 04/15/27 | 7,641,373 | |||||||||||||
| 10,000,000 | Home Depot, Inc | 1.375 | 03/15/31 | 9,483,588 | |||||||||||||
| 5,000,000 | Home Depot, Inc | 3.350 | 04/15/50 | 5,409,372 | |||||||||||||
| 13,352,000 | Kohl’s Corp | 3.375 | 05/01/31 | 13,740,276 | |||||||||||||
| 5,525,000 | Lowe’s Cos, Inc | 2.800 | 09/15/41 | 5,374,517 | |||||||||||||
| 18,025,000 | Walmart, Inc | 1.800 | 09/22/31 | 17,870,165 | |||||||||||||
| TOTAL RETAILING | 77,392,814 | ||||||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.3% | |||||||||||||||||
| 10,883,000 | g | NXP BV | 3.400 | 05/01/30 | 11,813,016 | ||||||||||||
| 10,000,000 | g | SK Hynix, Inc | 2.375 | 01/19/31 | 9,706,210 | ||||||||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 21,519,226 | ||||||||||||||||
| SOFTWARE & SERVICES - 0.6% | |||||||||||||||||
| 9,500,000 | Automatic Data Processing, Inc | 1.700 | 05/15/28 | 9,607,899 | |||||||||||||
| 12,875,000 | Automatic Data Processing, Inc | 1.250 | 09/01/30 | 12,240,444 | |||||||||||||
| 7,725,000 | Mastercard, Inc | 1.900 | 03/15/31 | 7,751,157 | |||||||||||||
| 10,000,000 | Visa, Inc | 1.100 | 02/15/31 | 9,370,200 | |||||||||||||
| TOTAL SOFTWARE & SERVICES | 38,969,700 | ||||||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 0.3% | |||||||||||||||||
| 5,750,000 | Apple, Inc | 3.000 | 06/20/27 | 6,294,778 | |||||||||||||
| 4,750,000 | g | HP, Inc | 2.650 | 06/17/31 | 4,702,950 | ||||||||||||
| 11,250,000 | g | New York State Electric & Gas Corp | 2.150 | 10/01/31 | 11,099,685 | ||||||||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 22,097,413 | ||||||||||||||||
| TELECOMMUNICATION SERVICES - 0.9% | |||||||||||||||||
| 9,000,000 | i | Verizon Communications, Inc | SOFR + 0.790% | 0.840 | 03/20/26 | 9,152,280 | |||||||||||
| 14,225,000 | Verizon Communications, Inc | 2.550 | 03/21/31 | 14,399,831 | |||||||||||||
| 9,825,000 | Verizon Communications, Inc | 3.400 | 03/22/41 | 10,260,663 | |||||||||||||
| 18,825,000 | Verizon Communications, Inc | 3.550 | 03/22/51 | 19,852,787 | |||||||||||||
| 10,000,000 | Vodafone Group plc | 4.125 | 06/04/81 | 10,125,400 | |||||||||||||
| TOTAL TELECOMMUNICATION SERVICES | 63,790,961 | ||||||||||||||||
| 225 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| TRANSPORTATION - 0.7% | |||||||||||||||||
| $ | 2,341,326 | Delta Air Lines, Inc | 4.250 | % | 07/30/23 | $ | 2,432,069 | ||||||||||
| 2,850,000 | Delta Air Lines, Inc | 3.204 | 04/25/24 | 3,007,999 | |||||||||||||
| 13,700,000 | Delta Air Lines, Inc | 3.404 | 04/25/24 | 14,053,509 | |||||||||||||
| 5,600,000 | Delta Air Lines, Inc | 2.900 | 10/28/24 | 5,734,221 | |||||||||||||
| 3,637,000 | g | Delta Air Lines, Inc | 7.000 | 05/01/25 | 4,241,651 | ||||||||||||
| 7,239,587 | Delta Air Lines, Inc | 2.000 | 06/10/28 | 7,202,099 | |||||||||||||
| 10,915,693 | Delta Air Lines, Inc | 2.500 | 06/10/28 | 10,970,984 | |||||||||||||
| 2,500,000 | Kansas City Southern | 4.300 | 05/15/43 | 2,941,420 | |||||||||||||
| TOTAL TRANSPORTATION | 50,583,952 | ||||||||||||||||
| UTILITIES - 9.9% | |||||||||||||||||
| 10,875,000 | AES Corp | 1.375 | 01/15/26 | 10,732,232 | |||||||||||||
| 10,900,000 | AES Corp | 2.450 | 01/15/31 | 10,750,052 | |||||||||||||
| 8,750,000 | g | AES Gener S.A. | 6.350 | 10/07/79 | 9,255,488 | ||||||||||||
| 12,350,000 | Ameren Illinois Co | 2.900 | 06/15/51 | 12,529,248 | |||||||||||||
| 4,375,000 | Arizona Public Service Co | 3.750 | 05/15/46 | 4,818,885 | |||||||||||||
| 4,500,000 | Atlantic City Electric Co | 2.300 | 03/15/31 | 4,561,650 | |||||||||||||
| 5,420,000 | g | Atlantica Sustainable Infrastructure plc | 4.125 | 06/15/28 | 5,601,570 | ||||||||||||
| 11,925,000 | i | Atmos Energy Corp | LIBOR 3 M + 0.380% | 0.496 | 03/09/23 | 11,926,626 | |||||||||||
| 14,749,000 | Avangrid, Inc | 3.200 | 04/15/25 | 15,708,115 | |||||||||||||
| 7,500,000 | Avangrid, Inc | 3.800 | 06/01/29 | 8,350,900 | |||||||||||||
| 5,025,000 | Avista Corp | 4.350 | 06/01/48 | 6,246,292 | |||||||||||||
| 5,025,000 | g | Azure Power Solar Energy Pvt Ltd | 5.650 | 12/24/24 | 5,295,265 | ||||||||||||
| 10,000,000 | g | Brooklyn Union Gas Co | 4.487 | 03/04/49 | 11,654,262 | ||||||||||||
| 9,850,000 | CenterPoint Energy Houston Electric LLC | 2.350 | 04/01/31 | 10,043,495 | |||||||||||||
| 12,350,000 | CenterPoint Energy Houston Electric LLC | 3.350 | 04/01/51 | 13,445,232 | |||||||||||||
| 19,400,000 | i | CenterPoint Energy Resources Corp | LIBOR 3 M + 0.500% | 0.620 | 03/02/23 | 19,403,087 | |||||||||||
| 3,250,000 | g | Clearway Energy Operating LLC | 4.750 | 03/15/28 | 3,440,450 | ||||||||||||
| 10,000,000 | g | Clearway Energy Operating LLC | 3.750 | 02/15/31 | 10,025,000 | ||||||||||||
| 3,050,000 | CMS Energy Corp | 4.750 | 06/01/50 | 3,430,976 | |||||||||||||
| 17,500,000 | Commonwealth Edison Co | 2.750 | 09/01/51 | 16,753,244 | |||||||||||||
| 8,170,000 | g | Consorcio Transmantaro SA | 4.700 | 04/16/34 | 9,058,488 | ||||||||||||
| 13,850,000 | Consumers Energy Co | 2.500 | 05/01/60 | 12,101,423 | |||||||||||||
| 6,027,761 | g | Continental Wind LLC | 6.000 | 02/28/33 | 6,901,354 | ||||||||||||
| 5,002,200 | g | Continuum Energy Levanter Pte Ltd | 4.500 | 02/09/27 | 5,177,277 | ||||||||||||
| 7,115,000 | Dominion Energy, Inc | 3.600 | 03/15/27 | 7,815,992 | |||||||||||||
| 8,525,000 | Dominion Energy, Inc | 2.250 | 08/15/31 | 8,498,148 | |||||||||||||
| 4,850,000 | Dominion Energy, Inc (Step Bond) | 3.071 | 08/15/24 | 5,126,489 | |||||||||||||
| 11,725,000 | DTE Electric Co | 1.900 | 04/01/28 | 11,886,176 | |||||||||||||
| 5,000,000 | DTE Electric Co | 3.950 | 03/01/49 | 5,903,578 | |||||||||||||
| 9,025,000 | DTE Electric Co | 3.250 | 04/01/51 | 9,544,141 | |||||||||||||
| 12,000,000 | DTE Energy Co | 2.850 | 10/01/26 | 12,718,001 | |||||||||||||
| 10,000,000 | Duke Energy Florida LLC | 2.500 | 12/01/29 | 10,342,811 | |||||||||||||
| 3,350,000 | g | East Ohio Gas Co | 1.300 | 06/15/25 | 3,357,943 | ||||||||||||
| 8,850,000 | Eastern Energy Gas Holdings LLC | 2.500 | 11/15/24 | 9,267,751 | |||||||||||||
| 6,575,000 | g | EDP Finance BV | 3.625 | 07/15/24 | 7,025,333 | ||||||||||||
| 2,312,000 | g | EDP Finance BV | 1.710 | 01/24/28 | 2,272,152 | ||||||||||||
| 9,559,000 | g | Electricite de France S.A. | 3.625 | 10/13/25 | 10,391,229 | ||||||||||||
| 10,000,000 | Essential Utilities, Inc | 2.704 | 04/15/30 | 10,313,704 | |||||||||||||
| 7,800,000 | Essential Utilities, Inc | 3.351 | 04/15/50 | 8,004,760 | |||||||||||||
| 4,250,000 | Evergy, Inc | 2.550 | 07/01/26 | 4,467,068 | |||||||||||||
| 226 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 8,882,000 | Georgia Power Co | 3.250 | % | 04/01/26 | $ | 9,520,454 | ||||||||||
| 250,000 | Georgia Power Co | 3.250 | 03/15/51 | 251,649 | |||||||||||||
| 11,475,000 | g | Hanwha Energy USA Holdings Corp | 2.375 | 07/30/22 | 11,634,634 | ||||||||||||
| 8,550,000 | g | India Cleantech Energy | 4.700 | 08/10/26 | 8,652,515 | ||||||||||||
| 9,700,000 | Interstate Power & Light Co | 3.500 | 09/30/49 | 10,551,445 | |||||||||||||
| 7,925,000 | g | Korea Hydro & Nuclear Power Co Ltd | 3.750 | 07/25/23 | 8,378,747 | ||||||||||||
| 15,000,000 | g | Liberty Utilities Finance GP | 2.050 | 09/15/30 | 14,513,055 | ||||||||||||
| 6,875,000 | MidAmerican Energy Co | 3.100 | 05/01/27 | 7,475,693 | |||||||||||||
| 2,430,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 2,726,445 | |||||||||||||
| 3,820,000 | MidAmerican Energy Co | 3.150 | 04/15/50 | 3,998,289 | |||||||||||||
| 12,626,000 | National Fuel Gas Co | 5.500 | 01/15/26 | 14,543,244 | |||||||||||||
| 11,274,000 | National Fuel Gas Co | 2.950 | 03/01/31 | 11,415,585 | |||||||||||||
| 14,775,000 | i | NextEra Energy Capital Holdings, Inc | LIBOR 3 M + 0.270% | 0.401 | 02/22/23 | 14,776,324 | |||||||||||
| 10,000,000 | g | Niagara Mohawk Power Corp | 1.960 | 06/27/30 | 9,711,646 | ||||||||||||
| 750,000 | g | Niagara Mohawk Power Corp | 4.278 | 10/01/34 | 858,018 | ||||||||||||
| 4,408,000 | NorthWestern Corp | 4.176 | 11/15/44 | 5,080,862 | |||||||||||||
| 6,975,000 | OGE Energy Corp | 0.703 | 05/26/23 | 6,975,583 | |||||||||||||
| 16,250,000 | PacifiCorp | 2.900 | 06/15/52 | 15,813,594 | |||||||||||||
| 1,925,000 | g | Pattern Energy Operations LP | 4.500 | 08/15/28 | 2,006,813 | ||||||||||||
| 7,075,000 | Piedmont Natural Gas Co, Inc | 3.350 | 06/01/50 | 7,227,507 | |||||||||||||
| 5,925,000 | PSEG Power LLC | 3.850 | 06/01/23 | 6,232,678 | |||||||||||||
| 3,625,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 3,841,713 | |||||||||||||
| 1,000,000 | Public Service Co of New Hampshire | 3.500 | 11/01/23 | 1,055,886 | |||||||||||||
| 2,975,000 | Public Service Co of New Hampshire | 3.600 | 07/01/49 | 3,343,700 | |||||||||||||
| 6,150,000 | Public Service Electric & Gas Co | 3.200 | 08/01/49 | 6,435,445 | |||||||||||||
| 7,500,000 | San Diego Gas & Electric Co | 4.150 | 05/15/48 | 9,001,288 | |||||||||||||
| 13,550,000 | San Diego Gas & Electric Co | 2.950 | 08/15/51 | 13,428,059 | |||||||||||||
| 1,000,000 | Sempra Energy | 2.875 | 10/01/22 | 1,016,725 | |||||||||||||
| 10,000,000 | Sempra Energy | 4.875 | N/A‡ | 10,850,000 | |||||||||||||
| 2,471,971 | g | Solar Star Funding LLC | 3.950 | 06/30/35 | 2,609,099 | ||||||||||||
| 4,915,551 | g | Solar Star Funding LLC | 5.375 | 06/30/35 | 5,700,803 | ||||||||||||
| 13,788,000 | Southern Power Co | 4.150 | 12/01/25 | 15,276,753 | |||||||||||||
| 2,875,000 | Southwestern Public Service Co | 3.750 | 06/15/49 | 3,264,963 | |||||||||||||
| 18,529,000 | Southwestern Public Service Co | 3.150 | 05/01/50 | 19,415,154 | |||||||||||||
| 9,576,360 | g | Star Energy Geothermal Wayang Windu Ltd | 6.750 | 04/24/33 | 10,964,932 | ||||||||||||
| 5,000,000 | g | TerraForm Power Operating LLC | 5.000 | 01/31/28 | 5,368,750 | ||||||||||||
| 7,734,145 | g | Topaz Solar Farms LLC | 4.875 | 09/30/39 | 8,337,696 | ||||||||||||
| 819,870 | g | Topaz Solar Farms LLC | 5.750 | 09/30/39 | 982,228 | ||||||||||||
| 9,360,000 | Tucson Electric Power Co | 1.500 | 08/01/30 | 8,854,895 | |||||||||||||
| 8,632,164 | g | UEP Penonome II S.A. | 6.500 | 10/01/38 | 8,999,117 | ||||||||||||
| 15,000,000 | Union Electric Co | 2.150 | 03/15/32 | 14,864,529 | |||||||||||||
| 16,400,000 | Union Electric Co | 2.625 | 03/15/51 | 15,540,868 | |||||||||||||
| TOTAL UTILITIES | 695,643,270 | ||||||||||||||||
| TOTAL CORPORATE BONDS | 3,128,914,359 | ||||||||||||||||
| (Cost $3,071,904,213) | |||||||||||||||||
| GOVERNMENT BONDS - 42.7% | |||||||||||||||||
| AGENCY SECURITIES - 3.9% | |||||||||||||||||
| 1,634,000 | Canal Barge Co, Inc | 4.500 | 11/12/34 | 1,854,393 | |||||||||||||
| 512,723 | Ethiopian Leasing LLC | 2.566 | 08/14/26 | 540,606 | |||||||||||||
| 327,021 | Excalibur One 77B LLC | 1.492 | 01/01/25 | 331,470 | |||||||||||||
| 11,250,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.125 | 07/25/22 | 11,254,146 | |||||||||||||
| 23,000,000 | FHLMC | 0.375 | 05/05/23 | 23,045,741 | |||||||||||||
| 227 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 18,700,000 | FHLMC | 0.250 | % | 08/24/23 | $ | 18,692,529 | ||||||||||
| 13,600,000 | FHLMC | 0.250 | 09/08/23 | 13,590,237 | |||||||||||||
| 22,692,000 | FHLMC | 0.250 | 12/04/23 | 22,643,023 | |||||||||||||
| 14,000,000 | FHLMC | 1.500 | 02/12/25 | 14,403,350 | |||||||||||||
| 17,500,000 | Federal National Mortgage Association (FNMA) | 0.250 | 07/10/23 | 17,495,883 | |||||||||||||
| 8,600,000 | FNMA | 0.625 | 04/22/25 | 8,582,936 | |||||||||||||
| 16,800,000 | FNMA | 0.875 | 08/05/30 | 15,814,747 | |||||||||||||
| 7,909,000 | Hashemite Kingdom of Jordan Government AID Bond | 3.000 | 06/30/25 | 8,463,124 | |||||||||||||
| 5,097,014 | HNA LLC | 2.369 | 09/18/27 | 5,328,033 | |||||||||||||
| 715,500 | i | Housing and Urban Development Corp Ltd | LIBOR 6 M + 0.035% | 0.184 | 09/15/30 | 709,472 | |||||||||||
| 7,192,000 | Iraq Government AID Bond | 2.149 | 01/18/22 | 7,232,982 | |||||||||||||
| 1,111,109 | i | Jupiter Aircraft Leasing LLC | LIBOR 3 M + 0.240% | 0.367 | 08/19/23 | 1,109,621 | |||||||||||
| 1,111,107 | i | Jupiter Aircraft Leasing LLC | LIBOR 3 M + 0.240% | 0.365 | 09/22/23 | 1,106,174 | |||||||||||
| 2,065,000 | New York Society for the Relief of the Ruptured & Crippled | 2.881 | 12/20/31 | 2,105,367 | |||||||||||||
| 1,308,240 | Overseas Private Investment Corp (OPIC) | 2.040 | 12/15/26 | 1,340,394 | |||||||||||||
| 4,386,904 | OPIC | 3.220 | 09/15/29 | 4,784,444 | |||||||||||||
| 5,567,685 | OPIC | 1.790 | 10/15/29 | 5,733,104 | |||||||||||||
| 13,919,213 | OPIC | 2.360 | 10/15/29 | 14,671,802 | |||||||||||||
| 964,800 | OPIC | 4.140 | 05/15/30 | 1,097,449 | |||||||||||||
| 861,835 | OPIC | 3.330 | 05/15/33 | 953,937 | |||||||||||||
| 967,818 | OPIC | 2.810 | 07/31/33 | 1,051,175 | |||||||||||||
| 774,254 | OPIC | 2.940 | 07/31/33 | 847,431 | |||||||||||||
| 1,124,370 | OPIC | 3.250 | 07/31/33 | 1,251,169 | |||||||||||||
| 5,928,780 | OPIC | 2.040 | 06/15/35 | 6,137,697 | |||||||||||||
| 10,000,000 | OPIC | 2.290 | 07/15/38 | 10,508,407 | |||||||||||||
| 5,500,000 | OPIC | 2.450 | 07/15/38 | 5,848,652 | |||||||||||||
| 1,926,000 | Private Export Funding Corp (PEFCO) | 3.550 | 01/15/24 | 2,055,751 | |||||||||||||
| 1,000,000 | PEFCO | 3.250 | 06/15/25 | 1,070,973 | |||||||||||||
| 13,455,681 | † | Thirax LLC | 0.968 | 01/14/33 | 13,250,796 | ||||||||||||
| 1,775,000 | United States International Development Finance Corp | 1.440 | 04/15/28 | 1,787,630 | |||||||||||||
| 1,000,000 | United States International Development Finance Corp | 1.650 | 04/15/28 | 1,018,853 | |||||||||||||
| 1,716,703 | United States International Development Finance Corp | 1.050 | 10/15/29 | 1,714,145 | |||||||||||||
| 4,300,000 | † | United States International Development Finance Corp | 1.670 | 07/15/38 | 4,301,750 | ||||||||||||
| 2,500,000 | US Department of Housing and Urban Development (HUD) | 2.618 | 08/01/23 | 2,599,114 | |||||||||||||
| 2,000,000 | HUD | 2.800 | 08/01/23 | 2,086,102 | |||||||||||||
| 371,000 | HUD | 2.910 | 08/01/23 | 374,322 | |||||||||||||
| 2,257,000 | HUD | 2.960 | 08/01/24 | 2,276,367 | |||||||||||||
| 3,726,000 | HUD | 2.870 | 08/01/27 | 4,031,370 | |||||||||||||
| 420,000 | HUD | 5.380 | 08/01/27 | 426,708 | |||||||||||||
| 4,675,000 | HUD | 2.985 | 08/01/28 | 5,109,628 | |||||||||||||
| 1,931,000 | HUD | 3.185 | 08/01/29 | 2,116,178 | |||||||||||||
| 1,750,000 | HUD | 3.585 | 08/01/37 | 1,978,181 | |||||||||||||
| 1,000,000 | VCM Lease S.A. | 2.516 | 09/28/27 | 1,049,506 | |||||||||||||
| 713,000 | Vessel Management Services, Inc | 3.432 | 08/15/36 | 777,624 | |||||||||||||
| 253,000 | Vessel Management Services, Inc | 3.477 | 01/16/37 | 276,735 | |||||||||||||
| 2,343,527 | i | Washington Aircraft 2 Co Ltd | LIBOR 3 M + 0.430% | 0.562 | 06/26/24 | 2,347,414 | |||||||||||
| TOTAL AGENCY SECURITIES | 279,178,642 | ||||||||||||||||
| 228 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| FOREIGN GOVERNMENT BONDS - 5.8% | |||||||||||||||||
| $ | 2,700,000 | African Development Bank | 3.000 | % | 12/06/21 | $ | 2,713,418 | ||||||||||
| 12,750,000 | African Development Bank | 0.750 | 04/03/23 | 12,844,242 | |||||||||||||
| 11,850,000 | g | Arab Petroleum Investments Corp | 1.483 | 10/06/26 | 11,854,134 | ||||||||||||
| 1,000,000 | Asian Development Bank | 1.875 | 08/10/22 | 1,014,860 | |||||||||||||
| 1,000,000 | Asian Development Bank | 2.125 | 03/19/25 | 1,049,080 | |||||||||||||
| 9,732,000 | Asian Development Bank | 1.750 | 08/14/26 | 10,058,703 | |||||||||||||
| 13,489,000 | Asian Development Bank | 3.125 | 09/26/28 | 15,123,709 | |||||||||||||
| 12,500,000 | Asian Development Bank | 1.500 | 03/04/31 | 12,417,168 | |||||||||||||
| EUR | 7,925,000 | g | Banque Ouest Africaine de Developpement | 2.750 | 01/22/33 | 9,805,213 | |||||||||||
| $ | 7,500,000 | g | BNG Bank NV | 2.625 | 02/27/24 | 7,883,775 | |||||||||||
| CLP | 9,475,000,000 | g | Bonos de la Tesoreria de la Republica en pesos | 2.300 | 10/01/28 | 9,712,226 | |||||||||||
| $ | 8,500,000 | g | Caisse d’Amortissement de la Dette Sociale | 0.375 | 09/23/25 | 8,343,685 | |||||||||||
| 5,000,000 | g | Caisse d’Amortissement de la Dette Sociale | 1.375 | 01/20/31 | 4,864,737 | ||||||||||||
| 7,000,000 | g | CDP Financial, Inc | 1.000 | 05/26/26 | 6,985,126 | ||||||||||||
| 10,050,000 | Chile Government International Bond | 3.100 | 05/07/41 | 9,698,451 | |||||||||||||
| 9,500,000 | Chile Government International Bond | 3.500 | 01/25/50 | 9,485,750 | |||||||||||||
| 12,500,000 | g | Development Bank of Japan, Inc | 0.500 | 03/04/24 | 12,455,457 | ||||||||||||
| 9,875,000 | g | Egypt Government International Bond | 5.250 | 10/06/25 | 10,082,617 | ||||||||||||
| 200,000 | i | European Bank for Reconstruction & Development | LIBOR 3 M + 0.010% | 0.137 | 05/11/22 | 200,008 | |||||||||||
| 15,000,000 | European Bank for Reconstruction & Development | 1.625 | 09/27/24 | 15,457,642 | |||||||||||||
| 1,000,000 | European Bank for Reconstruction & Development | 1.500 | 02/13/25 | 1,027,271 | |||||||||||||
| 1,250,000 | European Investment Bank | 2.375 | 05/24/27 | 1,334,122 | |||||||||||||
| 3,725,000 | European Investment Bank | 0.625 | 10/21/27 | 3,599,436 | |||||||||||||
| 10,500,000 | European Investment Bank | 1.625 | 10/09/29 | 10,662,604 | |||||||||||||
| 10,279,000 | European Investment Bank | 0.750 | 09/23/30 | 9,623,613 | |||||||||||||
| 9,300,000 | g | European Stability Mechanism | 1.375 | 09/11/24 | 9,506,206 | ||||||||||||
| 3,650,000 | g | Guatemala Government International Bond | 5.375 | 04/24/32 | 4,142,750 | ||||||||||||
| 5,000,000 | i | Inter-American Development Bank | LIBOR 3 M + 0.010% | 0.136 | 01/15/22 | 5,000,446 | |||||||||||
| 10,000,000 | International Bank for Reconstruction & Development | 0.625 | 04/22/25 | 9,966,375 | |||||||||||||
| 4,750,000 | International Bank for Reconstruction & Development | 3.125 | 11/20/25 | 5,199,978 | |||||||||||||
| 2,900,000 | International Bank for Reconstruction & Development | 2.750 | 05/31/36 | 2,895,073 | |||||||||||||
| 10,450,000 | g | International Development Association | 2.750 | 04/24/23 | 10,848,952 | ||||||||||||
| 6,500,000 | International Finance Corp | 1.546 | 11/04/21 | 6,506,758 | |||||||||||||
| 110,000 | i | International Finance Corp | LIBOR 3 M + 0.070% | 0.186 | 12/15/22 | 110,066 | |||||||||||
| 7,375,000 | International Finance Corp | 0.500 | 03/20/23 | 7,404,131 | |||||||||||||
| 3,250,000 | International Finance Corp | 2.125 | 04/07/26 | 3,418,143 | |||||||||||||
| 3,350,000 | g | Japan Finance Organization for Municipalities | 3.375 | 09/27/23 | 3,535,947 | ||||||||||||
| 8,750,000 | Japan International Cooperation Agency | 1.750 | 04/28/31 | 8,764,819 | |||||||||||||
| 6,000,000 | g | Kommunalbanken AS. | 2.125 | 02/11/25 | 6,280,192 | ||||||||||||
| 5,500,000 | i | Korea Development Bank International Bond | LIBOR 3 M + 0.725% | 0.863 | 07/06/22 | 5,524,216 | |||||||||||
| 10,100,000 | g | Korea Electric Power Corp | 1.125 | 06/15/25 | 10,045,763 | ||||||||||||
| 11,750,000 | Kreditanstalt fuer Wiederaufbau | 0.250 | 03/08/24 | 11,694,356 | |||||||||||||
| 13,250,000 | Landwirtschaftliche Rentenbank | 0.875 | 09/03/30 | 12,487,354 | |||||||||||||
| 100,000 | g | Nederlandse Waterschapsbank NV | 2.125 | 11/15/21 | 100,228 | ||||||||||||
| 6,000,000 | g | Nederlandse Waterschapsbank NV | 3.125 | 12/05/22 | 6,202,690 | ||||||||||||
| 229 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 10,000,000 | g | Nederlandse Waterschapsbank NV | 1.750 | % | 01/15/25 | $ | 10,340,922 | |||||||||
| 7,750,000 | g | Nederlandse Waterschapsbank NV | 2.375 | 03/24/26 | 8,219,140 | ||||||||||||
| 2,723,000 | North American Development Bank | 2.400 | 10/26/22 | 2,778,591 | |||||||||||||
| 6,000,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.750 | 03/01/23 | 6,257,520 | ||||||||||||
| 6,600,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 7,128,990 | ||||||||||||
| 500,000 | Province of Manitoba Canada | 3.050 | 05/14/24 | 532,129 | |||||||||||||
| 5,000,000 | Province of Quebec Canada | 2.750 | 04/12/27 | 5,397,994 | |||||||||||||
| 15,000,000 | Province of Quebec Canada | 1.900 | 04/21/31 | 15,210,255 | |||||||||||||
| 10,000,000 | Republic of Italy Government International Bond | 2.875 | 10/17/29 | 10,362,663 | |||||||||||||
| 10,750,000 | Republic of Italy Government International Bond | 4.000 | 10/17/49 | 11,865,941 | |||||||||||||
| 4,250,000 | Seychelles International Bond | 6.500 | 10/11/28 | 3,931,250 | |||||||||||||
| TOTAL FOREIGN GOVERNMENT BONDS | 409,956,885 | ||||||||||||||||
| MORTGAGE BACKED - 17.1% | |||||||||||||||||
| 875,000 | Federal Home Loan Mortgage Corp (FHLMC) | 3.000 | 10/15/33 | 937,207 | |||||||||||||
| 124,702 | FHLMC | 4.000 | 06/01/42 | 136,205 | |||||||||||||
| 465,738 | FHLMC | 3.500 | 08/15/43 | 476,520 | |||||||||||||
| 9,628,724 | FHLMC | 3.500 | 03/15/44 | 10,197,553 | |||||||||||||
| 702,597 | i | FHLMC | LIBOR 1 M + 5.920% | 5.836 | 03/15/44 | 124,566 | |||||||||||
| 6,379,372 | FHLMC | 4.000 | 10/01/47 | 7,055,428 | |||||||||||||
| 23,136,236 | FHLMC | 4.000 | 06/01/48 | 25,370,170 | |||||||||||||
| 1,084,606 | i | FHLMC | LIBOR 1 M + 9.920% | 9.786 | 06/15/48 | 1,253,078 | |||||||||||
| 5,996,911 | FHLMC | 4.000 | 07/01/48 | 6,601,503 | |||||||||||||
| 963,862 | i | FHLMC | LIBOR 1 M + 9.840% | 9.706 | 10/15/48 | 1,149,554 | |||||||||||
| 5,411,497 | FHLMC | 4.000 | 09/01/49 | 5,931,511 | |||||||||||||
| 2,999,003 | FHLMC | 3.000 | 11/01/49 | 3,188,280 | |||||||||||||
| 9,884,511 | FHLMC | 2.000 | 09/25/50 | 1,157,389 | |||||||||||||
| 12,328,109 | FHLMC | 2.500 | 11/25/50 | 2,046,959 | |||||||||||||
| 16,531,776 | FHLMC | 2.500 | 02/25/51 | 2,852,381 | |||||||||||||
| 124,876 | Federal Home Loan Mortgage Corp Gold (FGLMC) | 5.000 | 06/01/36 | 142,368 | |||||||||||||
| 115,570 | FGLMC | 4.500 | 12/01/43 | 129,315 | |||||||||||||
| 123,593 | FGLMC | 4.500 | 02/01/44 | 137,681 | |||||||||||||
| 1,023,918 | FGLMC | 5.000 | 08/01/44 | 1,169,944 | |||||||||||||
| 169,601 | FGLMC | 3.500 | 04/01/45 | 185,589 | |||||||||||||
| 3,923,647 | FGLMC | 3.500 | 08/01/45 | 4,312,173 | |||||||||||||
| 1,214,079 | FGLMC | 4.000 | 12/01/45 | 1,347,214 | |||||||||||||
| 2,334,187 | FGLMC | 3.500 | 02/01/47 | 2,502,751 | |||||||||||||
| 280,978 | FGLMC | 4.500 | 06/01/47 | 314,558 | |||||||||||||
| 462,068 | FGLMC | 4.000 | 09/01/47 | 511,052 | |||||||||||||
| 89,081 | FGLMC | 3.500 | 12/01/47 | 96,526 | |||||||||||||
| 488,659 | FGLMC | 4.000 | 07/01/48 | 538,086 | |||||||||||||
| 2,027,142 | FGLMC | 4.500 | 08/01/48 | 2,264,099 | |||||||||||||
| 3,750,000 | Federal National Mortgage Association (FNMA) | 2.125 | 04/24/26 | 3,948,779 | |||||||||||||
| 117,003 | FNMA | 3.500 | 07/01/26 | 124,964 | |||||||||||||
| 5,435,152 | i | FNMA | 2.891 | 02/25/27 | 5,840,877 | ||||||||||||
| 10,000,000 | i | FNMA | 3.436 | 06/25/28 | 11,112,265 | ||||||||||||
| 15,250,000 | i | FNMA | 1.561 | 11/25/30 | 15,071,505 | ||||||||||||
| 15,500,000 | i | Federal National Mortgage Association (FNMA) | 1.250 | 01/25/31 | 14,971,177 | ||||||||||||
| 388,482 | FNMA | 3.500 | 05/01/32 | 417,241 | |||||||||||||
| 5,811,931 | FNMA | 3.000 | 10/01/32 | 6,140,797 | |||||||||||||
| 40,900,000 | h | FNMA | 2.500 | 10/25/32 | 42,607,894 | ||||||||||||
| 60,800,000 | h | FNMA | 2.000 | 10/25/35 | 62,616,875 | ||||||||||||
| 19,608 | FNMA | 2.500 | 08/01/36 | 20,432 | |||||||||||||
| 230 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 6,200,000 | h | FNMA | 1.500 | % | 10/25/36 | $ | 6,261,273 | |||||||||
| 154,341 | FNMA | 5.500 | 11/01/38 | 180,172 | |||||||||||||
| 5,124,407 | FNMA | 3.000 | 05/01/40 | 5,387,319 | |||||||||||||
| 1,448,093 | FNMA | 3.500 | 05/01/40 | 1,538,837 | |||||||||||||
| 409,294 | FNMA | 5.000 | 09/01/40 | 462,755 | |||||||||||||
| 560,256 | FNMA | 5.000 | 04/01/41 | 640,030 | |||||||||||||
| 2,024,655 | FNMA | 4.000 | 09/01/42 | 2,210,794 | |||||||||||||
| 421,888 | FNMA | 3.000 | 04/25/43 | 434,975 | |||||||||||||
| 899,905 | i | FNMA | LIBOR 1 M + 5.950% | 5.864 | 09/25/43 | 167,237 | |||||||||||
| 889,167 | FNMA | 4.000 | 01/01/44 | 984,133 | |||||||||||||
| 44,541 | FNMA | 4.500 | 06/01/44 | 49,192 | |||||||||||||
| 350,512 | FNMA | 4.500 | 06/01/44 | 390,582 | |||||||||||||
| 159,917 | FNMA | 4.500 | 08/01/44 | 178,199 | |||||||||||||
| 306,252 | FNMA | 4.500 | 11/01/44 | 339,241 | |||||||||||||
| 837,328 | FNMA | 4.000 | 01/01/45 | 914,327 | |||||||||||||
| 254,007 | FNMA | 3.000 | 02/25/45 | 263,269 | |||||||||||||
| 388,681 | FNMA | 3.000 | 02/25/45 | 397,666 | |||||||||||||
| 312,219 | FNMA | 4.500 | 03/01/45 | 344,823 | |||||||||||||
| 455,235 | FNMA | 3.000 | 03/25/45 | 468,940 | |||||||||||||
| 1,111,969 | FNMA | 4.000 | 06/01/45 | 1,223,989 | |||||||||||||
| 1,280,431 | FNMA | 4.000 | 12/01/45 | 1,416,354 | |||||||||||||
| 1,459,035 | FNMA | 3.000 | 12/25/45 | 1,497,465 | |||||||||||||
| 816,318 | FNMA | 3.500 | 01/01/46 | 890,971 | |||||||||||||
| 174,858 | FNMA | 4.000 | 01/01/46 | 193,541 | |||||||||||||
| 207,456 | FNMA | 4.000 | 03/01/46 | 229,217 | |||||||||||||
| 969,946 | FNMA | 4.000 | 04/01/46 | 1,067,729 | |||||||||||||
| 1,232,494 | FNMA | 3.500 | 06/01/46 | 1,345,211 | |||||||||||||
| 1,531,175 | FNMA | 3.500 | 07/01/46 | 1,671,207 | |||||||||||||
| 2,218,109 | FNMA | 3.500 | 07/01/46 | 2,419,634 | |||||||||||||
| 2,360,453 | FNMA | 3.500 | 08/01/46 | 2,568,964 | |||||||||||||
| 3,531,102 | FNMA | 3.000 | 10/01/46 | 3,648,464 | |||||||||||||
| 7,994,914 | FNMA | 3.000 | 11/01/46 | 8,450,972 | |||||||||||||
| 4,069,915 | FNMA | 3.500 | 01/01/47 | 4,339,506 | |||||||||||||
| 507,306 | FNMA | 3.000 | 04/25/47 | 537,495 | |||||||||||||
| 174,725 | FNMA | 4.500 | 05/01/47 | 194,983 | |||||||||||||
| 4,998,177 | FNMA | 4.000 | 09/01/47 | 5,388,564 | |||||||||||||
| 895,401 | FNMA | 4.000 | 10/01/47 | 960,885 | |||||||||||||
| 338,666 | FNMA | 3.000 | 11/01/47 | 349,130 | |||||||||||||
| 5,309,693 | FNMA | 3.500 | 11/01/47 | 5,792,183 | |||||||||||||
| 366,314 | FNMA | 4.500 | 11/01/47 | 407,862 | |||||||||||||
| 6,467,285 | FNMA | 4.000 | 12/01/47 | 7,143,774 | |||||||||||||
| 5,717,996 | FNMA | 4.000 | 12/01/47 | 6,168,220 | |||||||||||||
| 126,410 | FNMA | 3.500 | 01/01/48 | 137,513 | |||||||||||||
| 50,101 | FNMA | 3.500 | 01/01/48 | 54,692 | |||||||||||||
| 4,570,748 | FNMA | 3.500 | 01/01/48 | 4,850,414 | |||||||||||||
| 1,221,135 | FNMA | 4.500 | 01/01/48 | 1,359,645 | |||||||||||||
| 252,036 | FNMA | 4.000 | 02/01/48 | 270,900 | |||||||||||||
| 324,924 | FNMA | 4.500 | 02/01/48 | 361,706 | |||||||||||||
| 2,712,036 | FNMA | 3.000 | 02/25/48 | 2,858,205 | |||||||||||||
| 13,508,048 | FNMA | 3.500 | 03/01/48 | 14,367,458 | |||||||||||||
| 652,851 | FNMA | 4.000 | 03/01/48 | 714,336 | |||||||||||||
| 1,313,368 | FNMA | 4.500 | 03/01/48 | 1,455,733 | |||||||||||||
| 7,208 | FNMA | 3.500 | 04/01/48 | 7,662 | |||||||||||||
| 231 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 4,483,830 | FNMA | 4.000 | % | 04/01/48 | $ | 4,798,631 | ||||||||
| 824,628 | FNMA | 4.500 | 05/01/48 | 914,022 | |||||||||||
| 607,741 | FNMA | 4.500 | 05/01/48 | 671,192 | |||||||||||
| 328,829 | FNMA | 5.000 | 08/01/48 | 366,244 | |||||||||||
| 13,857,306 | FNMA | 4.500 | 10/01/48 | 15,596,643 | |||||||||||
| 626,583 | FNMA | 3.000 | 08/01/49 | 673,990 | |||||||||||
| 9,826,998 | FNMA | 3.000 | 01/25/50 | 10,278,487 | |||||||||||
| 18,739,905 | FNMA | 3.000 | 07/01/50 | 20,075,386 | |||||||||||
| 5,491,732 | FNMA | 2.000 | 08/25/50 | 645,616 | |||||||||||
| 20,985,000 | h | FNMA | 3.000 | 10/25/50 | 21,958,016 | ||||||||||
| 15,211,356 | FNMA | 2.500 | 11/25/50 | 2,145,128 | |||||||||||
| 5,158,890 | FNMA | 3.000 | 02/25/51 | 765,685 | |||||||||||
| 89,630,000 | h | FNMA | 2.000 | 10/25/51 | 89,871,582 | ||||||||||
| 47,424,000 | h | FNMA | 2.500 | 10/25/51 | 48,896,738 | ||||||||||
| 94,490,000 | h | FNMA | 2.000 | 11/25/51 | 94,574,894 | ||||||||||
| 117,340,000 | h | FNMA | 2.500 | 11/25/51 | 120,754,777 | ||||||||||
| 96,850,000 | h | FNMA | 3.000 | 11/25/51 | 101,214,340 | ||||||||||
| 14,000,000 | g,i | Flagstar Mortgage Trust | 3.000 | 10/25/51 | 14,517,222 | ||||||||||
| 645,196 | Government National Mortgage Association (GNMA) | 2.690 | 06/15/33 | 660,871 | |||||||||||
| 40,383 | GNMA | 5.000 | 06/20/42 | 46,091 | |||||||||||
| 11,925,003 | GNMA | 2.750 | 01/15/45 | 12,697,957 | |||||||||||
| 842,161 | GNMA | 4.000 | 06/20/46 | 102,890 | |||||||||||
| 42,745,000 | h | GNMA | 3.000 | 10/20/46 | 44,658,507 | ||||||||||
| 3,770,449 | GNMA | 3.500 | 12/20/46 | 4,006,649 | |||||||||||
| 2,621,288 | GNMA | 3.500 | 01/20/47 | 2,784,733 | |||||||||||
| 40,800,000 | h | GNMA | 3.000 | 11/20/47 | 42,554,719 | ||||||||||
| 1,473,862 | GNMA | 3.500 | 01/20/49 | 1,598,082 | |||||||||||
| 2,200,632 | GNMA | 3.500 | 10/20/50 | 2,374,776 | |||||||||||
| 28,365,000 | h | GNMA | 2.000 | 10/20/51 | 28,773,855 | ||||||||||
| 128,150,000 | h | GNMA | 2.500 | 10/20/51 | 132,289,846 | ||||||||||
| 30,210,000 | h | GNMA | 2.000 | 11/20/51 | 30,587,625 | ||||||||||
| 4,162,293 | g,i | JP Morgan Mortgage Trust | 2.500 | 01/25/52 | 4,170,422 | ||||||||||
| 4,079,315 | g,i | Morgan Stanley Residential Mortgage Loan Trust | 2.500 | 08/25/51 | 4,089,831 | ||||||||||
| TOTAL MORTGAGE BACKED | 1,211,076,261 | ||||||||||||||
| MUNICIPAL BONDS - 6.6% | |||||||||||||||
| 2,000,000 | Brunswick & Glynn County Development Authority | 3.060 | 04/01/25 | 2,132,191 | |||||||||||
| 3,000,000 | California Earthquake Authority | 1.477 | 07/01/23 | 3,049,469 | |||||||||||
| 1,310,000 | g | California Municipal Finance Authority | 4.250 | 11/01/23 | 1,313,664 | ||||||||||
| 6,400,000 | g | California Municipal Finance Authority | 6.375 | 11/15/48 | 6,819,208 | ||||||||||
| 12,250,000 | Chicago Housing Authority | 4.361 | 01/01/38 | 14,407,757 | |||||||||||
| 16,465,000 | Chicago Metropolitan Water Reclamation District-Greater Chicago | 5.720 | 12/01/38 | 22,997,587 | |||||||||||
| 1,000,000 | Chicago Park District | 4.095 | 01/01/26 | 1,105,787 | |||||||||||
| 625,000 | Chula Vista Municipal Financing Authority | 3.775 | 12/01/33 | 661,128 | |||||||||||
| 1,350,000 | Chula Vista Municipal Financing Authority | 3.975 | 12/01/38 | 1,411,820 | |||||||||||
| 740,000 | Chula Vista Municipal Financing Authority | 4.075 | 12/01/41 | 771,779 | |||||||||||
| 4,300,000 | Chula Vista Municipal Financing Authority | 4.275 | 12/01/48 | 4,527,577 | |||||||||||
| 5,730,000 | City & County of Honolulu HI | 3.944 | 09/01/34 | 6,472,878 | |||||||||||
| 935,000 | City & County of San Francisco CA | 3.700 | 04/01/34 | 1,002,008 | |||||||||||
| 440,000 | City & County of San Francisco CA | 3.750 | 04/01/35 | 470,153 | |||||||||||
| 5,835,000 | City & County of San Francisco CA | 3.900 | 04/01/42 | 6,222,565 | |||||||||||
| 232 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 5,405,000 | City & County of San Francisco CA Community Facilities District | 3.750 | % | 09/01/37 | $ | 5,848,812 | ||||||||||
| 4,610,000 | City & County of San Francisco CA Community Facilities District | 4.221 | 09/01/39 | 5,090,626 | |||||||||||||
| 5,000,000 | City & County of San Francisco CA Community Facilities District | 4.000 | 09/01/48 | 5,353,167 | |||||||||||||
| 1,925,000 | City of Berkeley CA | 3.250 | 09/01/35 | 2,024,172 | |||||||||||||
| 8,885,000 | City of Berkeley CA | 3.750 | 09/01/43 | 9,455,734 | |||||||||||||
| 2,490,000 | City of Chicago IL | 7.750 | 01/01/42 | 3,048,531 | |||||||||||||
| 510,000 | City of Chicago IL | 7.750 | 01/01/42 | 578,510 | |||||||||||||
| 650,000 | City of Detroit MI | 2.511 | 04/01/25 | 651,282 | |||||||||||||
| 745,000 | City of Detroit MI | 2.711 | 04/01/26 | 745,049 | |||||||||||||
| 525,000 | City of Detroit MI | 3.644 | 04/01/34 | 522,990 | |||||||||||||
| 2,750,000 | City of Florence SC | 4.250 | 12/01/34 | 2,907,077 | |||||||||||||
| 4,000,000 | City of Los Angeles CA | 3.500 | 09/01/37 | 4,278,002 | |||||||||||||
| 9,060,000 | City of Los Angeles CA | 3.880 | 09/01/38 | 9,976,424 | |||||||||||||
| 870,000 | g | City of Miami FL | 4.808 | 01/01/39 | 963,351 | ||||||||||||
| 170,000 | City of Mount Shasta CA | 4.000 | 08/01/29 | 205,062 | |||||||||||||
| 190,000 | City of Mount Shasta CA | 3.000 | 08/01/32 | 207,886 | |||||||||||||
| 2,685,000 | City of Oakland CA | 1.830 | 01/15/27 | 2,689,187 | |||||||||||||
| 2,000,000 | City of San Angelo TX Water & Sewer Revenue | 4.401 | 02/15/46 | 2,024,908 | |||||||||||||
| 12,615,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 3.303 | 11/01/39 | 13,482,505 | |||||||||||||
| 18,410,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 2.825 | 11/01/41 | 18,585,447 | |||||||||||||
| 5,750,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 4.185 | 11/01/46 | 6,256,999 | |||||||||||||
| 1,385,000 | City of San Juan Capistrano CA | 4.190 | 08/01/40 | 1,506,962 | |||||||||||||
| 360,000 | Clean Water Services | 5.701 | 10/01/30 | 455,216 | |||||||||||||
| 2,730,000 | Commonwealth Financing Authority | 3.864 | 06/01/38 | 3,101,930 | |||||||||||||
| 12,450,000 | i | Connecticut Housing Finance Authority | SOFR + 0.650% | 0.700 | 05/15/49 | 12,452,481 | |||||||||||
| 5,000,000 | County of Alameda CA | 3.820 | 08/01/38 | 5,493,011 | |||||||||||||
| 1,500,000 | County of Miami-Dade FL Aviation Revenue | 2.218 | 10/01/22 | 1,527,903 | |||||||||||||
| 12,020,000 | County of Miami-Dade FL Water & Sewer System Revenue | 3.490 | 10/01/42 | 12,913,822 | |||||||||||||
| 2,730,000 | County of Saline AR | 4.000 | 06/01/37 | 2,839,335 | |||||||||||||
| 3,500,000 | District of Columbia | 3.432 | 04/01/42 | 3,687,462 | |||||||||||||
| 1,900,000 | District of Columbia Water & Sewer Authority | 4.814 | 10/01/14 | 2,708,837 | |||||||||||||
| 1,550,000 | †,g,q | Finance Authority of Maine | 5.375 | 12/15/33 | 852,500 | ||||||||||||
| 500,000 | †,q | Finance Authority of Maine | 5.250 | 06/15/34 | 275,000 | ||||||||||||
| 20,000,000 | Grant County Public Utility District No 2 | 2.918 | 01/01/40 | 20,454,366 | |||||||||||||
| 9,405,000 | Grant County Public Utility District No 2 | 3.210 | 01/01/40 | 9,821,115 | |||||||||||||
| 9,375,000 | Great Lakes Water Authority Sewage Disposal System Revenue | 3.056 | 07/01/39 | 9,929,598 | |||||||||||||
| 13,265,000 | Great Lakes Water Authority Water Supply System Revenue | 3.473 | 07/01/41 | 14,159,161 | |||||||||||||
| 1,180,000 | Idaho State Building Authority | 3.202 | 09/01/37 | 1,241,048 | |||||||||||||
| 3,105,000 | Jackson County Industrial Development Authority | 4.250 | 05/01/39 | 3,455,164 | |||||||||||||
| 2,000,000 | Kern County Water Agency Improvement District No 4 | 4.276 | 05/01/36 | 2,337,031 | |||||||||||||
| 450,000 | Klickitat County Public Utilities | 3.688 | 12/01/38 | 478,259 | |||||||||||||
| 1,000,000 | Lavaca-Navidad River Authority | 4.430 | 08/01/35 | 1,047,869 | |||||||||||||
| 7,690,000 | Los Angeles Community College District | 2.106 | 08/01/32 | 7,734,008 | |||||||||||||
| 233 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 2,795,000 | Maryland Community Development Administration Housing Revenue | 3.797 | % | 03/01/39 | $ | 2,918,289 | ||||||||||
| 2,965,000 | Massachusetts St. Water Pollution Abatement | 5.192 | 08/01/40 | 3,457,200 | |||||||||||||
| 6,000,000 | Massachusetts Water Resources Authority | 3.104 | 08/01/39 | 6,320,929 | |||||||||||||
| 10,735,000 | Metropolitan Transportation Authority | 5.175 | 11/15/49 | 14,651,278 | |||||||||||||
| 4,065,000 | New York City Housing Development Corp | 3.119 | 08/01/38 | 4,154,537 | |||||||||||||
| 2,500,000 | New York City Housing Development Corp | 3.720 | 11/01/39 | 2,632,126 | |||||||||||||
| 1,370,000 | New York State Energy Research & Development Authority | 2.465 | 10/01/26 | 1,372,761 | |||||||||||||
| 1,210,000 | New York State Energy Research & Development Authority | 2.665 | 10/01/27 | 1,212,181 | |||||||||||||
| 1,045,000 | New York State Energy Research & Development Authority | 2.879 | 10/01/28 | 1,047,241 | |||||||||||||
| 425,000 | New York State Energy Research & Development Authority | 4.577 | 04/01/35 | 456,695 | |||||||||||||
| 2,115,000 | New York State Environmental Facilities Corp | 3.420 | 07/15/26 | 2,328,617 | |||||||||||||
| 1,500,000 | New York Transportation Development Corp | 1.610 | 12/01/22 | 1,517,124 | |||||||||||||
| 7,500,000 | New York Transportation Development Corp | 5.000 | 01/01/26 | 8,753,624 | |||||||||||||
| 1,500,000 | g | Ohio Air Quality Development Authority | 4.250 | 01/15/38 | 1,713,453 | ||||||||||||
| 2,000,000 | g | Ohio Air Quality Development Authority | 4.500 | 01/15/48 | 2,314,130 | ||||||||||||
| 13,180,000 | Ohio State Water Development Authority | 4.879 | 12/01/34 | 15,657,422 | |||||||||||||
| 5,750,000 | †,g,q | Oregon State Business Development Commission | 6.500 | 04/01/31 | 1,236,250 | ||||||||||||
| 2,000,000 | †,q | Oregon State Business Development Commission | 11.500 | 04/01/31 | 430,000 | ||||||||||||
| 2,665,000 | Papio-Missouri River Natural Resource District | 2.198 | 12/15/25 | 2,748,260 | |||||||||||||
| 2,080,000 | Papio-Missouri River Natural Resource District | 2.318 | 12/15/26 | 2,143,074 | |||||||||||||
| 3,250,000 | Papio-Missouri River Natural Resource District | 2.482 | 12/15/27 | 3,359,555 | |||||||||||||
| 2,725,000 | Pend Oreille County Public Utility District No Box Canyon | 5.000 | 01/01/30 | 2,772,545 | |||||||||||||
| 7,250,000 | g | Pennsylvania Economic Development Financing Authority | 10.000 | 12/01/29 | 7,330,951 | ||||||||||||
| 1,735,000 | g | Public Finance Authority | 9.000 | 06/01/29 | 1,735,360 | ||||||||||||
| 1,000,000 | Rhode Island Housing & Mortgage Finance Corp | 3.300 | 10/01/39 | 1,042,877 | |||||||||||||
| 1,450,000 | Rhode Island Housing & Mortgage Finance Corp | 3.400 | 10/01/44 | 1,503,649 | |||||||||||||
| 6,950,000 | Rhode Island Housing & Mortgage Finance Corp | 3.500 | 10/01/51 | 7,249,582 | |||||||||||||
| 1,000,000 | San Francisco City & County Redevelopment Agency | 3.533 | 08/01/25 | 1,081,339 | |||||||||||||
| 1,000,000 | San Francisco City & County Redevelopment Agency | 4.375 | 08/01/44 | 1,082,970 | |||||||||||||
| 250,000 | Sangamon County Water Reclamation District | 2.507 | 01/01/29 | 257,568 | |||||||||||||
| 2,500,000 | Sangamon County Water Reclamation District | 2.907 | 01/01/34 | 2,539,951 | |||||||||||||
| 2,050,000 | Sangamon County Water Reclamation District | 3.272 | 01/01/37 | 2,095,170 | |||||||||||||
| 3,000,000 | Semitropic Improvement District | 2.499 | 12/01/25 | 3,164,951 | |||||||||||||
| 255,000 | g | South Davis Sewer District | 3.750 | 12/01/22 | 256,286 | ||||||||||||
| 1,000,000 | South Davis Sewer District | 4.125 | 12/01/32 | 1,095,787 | |||||||||||||
| 1,100,000 | South Davis Sewer District | 4.500 | 12/01/37 | 1,212,515 | |||||||||||||
| 2,090,000 | State of California | 4.600 | 04/01/38 | 2,422,377 | |||||||||||||
| 2,480,000 | State of California | 4.988 | 04/01/39 | 2,640,758 | |||||||||||||
| 10,750,000 | i | State of California | LIBOR 1 M + 0.780% | 0.863 | 04/01/47 | 10,754,329 | |||||||||||
| 1,000,000 | State of Texas | 3.726 | 08/01/43 | 1,037,965 | |||||||||||||
| 6,625,000 | Stockton Public Financing Authority | 3.610 | 10/01/40 | 7,095,416 | |||||||||||||
| 665,000 | Sustainable Energy Utility, Inc | 1.650 | 09/15/22 | 667,599 | |||||||||||||
| 2,400,000 | g | Syracuse Industrial Development Agency | 5.000 | 01/01/36 | 2,161,484 | ||||||||||||
| 1,000,000 | Texas Water Development Board | 3.500 | 10/15/37 | 1,072,227 | |||||||||||||
| 7,500,000 | Texas Water Development Board | 4.190 | 10/15/43 | 8,312,925 | |||||||||||||
| 234 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 3,000,000 | Texas Water Development Board | 3.700 | % | 10/15/47 | $ | 3,217,482 | ||||||||
| 3,000,000 | Texas Water Development Board | 4.648 | 04/15/50 | 3,244,582 | |||||||||||
| 2,000,000 | University of New Mexico | 3.532 | 06/20/32 | 2,129,806 | |||||||||||
| 4,400,000 | Upper Santa Clara Valley Joint Powers Authority | 3.875 | 08/01/48 | 4,695,060 | |||||||||||
| 5,000,000 | Vermont Educational & Health Buildings Financing Agency | 4.000 | 12/01/42 | 5,499,139 | |||||||||||
| 750,000 | Vermont Educational & Health Buildings Financing Agency | 4.000 | 12/01/46 | 822,426 | |||||||||||
| 1,000,000 | g | Warm Springs Reservation Confederated Tribe | 3.300 | 11/01/27 | 1,040,563 | ||||||||||
| 1,250,000 | g | Warm Springs Reservation Confederated Tribe | 3.550 | 11/01/32 | 1,287,852 | ||||||||||
| 530,000 | Washington County Clean Water Services | 5.078 | 10/01/24 | 599,715 | |||||||||||
| 1,905,000 | †,g,q | Washington Economic Development Finance Authority | 7.500 | 01/01/32 | 1,428,750 | ||||||||||
| 650,000 | Yuba City Public Financing Authority | 3.960 | 06/01/32 | 713,593 | |||||||||||
| 1,500,000 | Yuba City Public Financing Authority | 4.320 | 06/01/42 | 1,622,461 | |||||||||||
| 1,000,000 | Yuba Levee Financing Authority | 3.170 | 09/01/22 | 1,020,122 | |||||||||||
| TOTAL MUNICIPAL BONDS | 465,066,248 | ||||||||||||||
| U.S. TREASURY SECURITIES - 9.3% | |||||||||||||||
| 2,500,000 | United States Treasury Bond | 3.125 | 05/15/48 | 3,041,797 | |||||||||||
| 2,500,000 | United States Treasury Bond | 3.000 | 02/15/49 | 2,988,477 | |||||||||||
| 21,645,600 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 04/15/24 | 23,115,979 | ||||||||||
| 13,298,750 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 10/15/24 | 14,226,545 | ||||||||||
| 15,100,000 | United States Treasury Note | 0.125 | 12/31/22 | 15,095,281 | |||||||||||
| 31,140,000 | United States Treasury Note | 0.125 | 03/31/23 | 31,109,590 | |||||||||||
| 7,450,000 | United States Treasury Note | 0.125 | 08/31/23 | 7,430,211 | |||||||||||
| 1,092,000 | United States Treasury Note | 1.875 | 08/31/24 | 1,135,467 | |||||||||||
| 54,801,000 | United States Treasury Note | 0.375 | 09/15/24 | 54,565,527 | |||||||||||
| 1,395,000 | United States Treasury Note | 2.250 | 10/31/24 | 1,467,856 | |||||||||||
| 620,000 | United States Treasury Note | 2.875 | 04/30/25 | 668,074 | |||||||||||
| 113,929,000 | United States Treasury Note | 0.750 | 08/31/26 | 112,709,604 | |||||||||||
| 3,235,000 | United States Treasury Note | 0.500 | 10/31/27 | 3,104,716 | |||||||||||
| 6,025,000 | United States Treasury Note | 0.625 | 11/30/27 | 5,818,832 | |||||||||||
| 66,635,000 | United States Treasury Note | 1.250 | 05/31/28 | 66,538,692 | |||||||||||
| 48,250,000 | United States Treasury Note | 1.125 | 08/31/28 | 47,677,031 | |||||||||||
| 55,784,000 | United States Treasury Note | 1.250 | 08/15/31 | 54,432,981 | |||||||||||
| 14,543,000 | United States Treasury Note | 1.875 | 02/15/41 | 14,224,872 | |||||||||||
| 9,700,000 | United States Treasury Note | 2.250 | 05/15/41 | 10,086,484 | |||||||||||
| 25,850,000 | United States Treasury Note | 1.750 | 08/15/41 | 24,710,984 | |||||||||||
| 153,427,000 | United States Treasury Note | 2.375 | 05/15/51 | 163,735,377 | |||||||||||
| TOTAL U.S. TREASURY SECURITIES | 657,884,377 | ||||||||||||||
| TOTAL GOVERNMENT BONDS | 3,023,162,413 | ||||||||||||||
| (Cost $2,994,054,684) | |||||||||||||||
| STRUCTURED ASSETS - 9.6% | |||||||||||||||
| ASSET BACKED - 4.0% | |||||||||||||||
| 324,688 | g | AMSR Trust Series - 2020 SFR1 (Class A) | 1.819 | 04/17/37 | 327,655 | ||||||||||
| 450,000 | g | AMSR Trust Series - 2019 SFR1 (Class C) | 3.148 | 01/19/39 | 462,728 | ||||||||||
| 400,000 | g | AMSR Trust Series - 2019 SFR1 (Class D) | 3.247 | 01/19/39 | 413,856 | ||||||||||
| 235 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 4,323,912 | g,i | AREIT Trust Series - 2019 CRE3 (Class A) | LIBOR 1 M + 1.134% | 1.184 | % | 09/14/36 | $ | 4,322,362 | ||||||||
| 350,000 | i | Bayview Financial Mortgage Pass-Through Trust Series - 2006 A (Class M3) | LIBOR 1 M + 0.975% | 1.060 | 02/28/41 | 350,223 | |||||||||||
| 5,000,000 | g,i | BFLD Trust Series - 2020 EYP (Class C) | LIBOR 1 M + 2.100% | 2.184 | 10/15/35 | 5,031,028 | |||||||||||
| 904,088 | g | Capital Automotive REIT Series - 2017 1A (Class A1) | 3.870 | 04/15/47 | 906,301 | ||||||||||||
| 143,052 | i | C-BASS Trust Series - 2006 CB6 (Class A1) | LIBOR 1 M + 0.160% | 0.246 | 07/25/36 | 140,117 | |||||||||||
| 1,447,025 | †,g,i | CBRE Realty Finance Series - 2007 1A (Class A2) | LIBOR 3 M + 0.300% | 0.520 | 04/07/52 | 3,618 | |||||||||||
| 1,620,927 | i | Chase Funding Loan Acquisition Trust Series - 2004 OPT1 (Class M1) | LIBOR 1 M + 0.855% | 0.941 | 06/25/34 | 1,595,715 | |||||||||||
| 887,126 | g | Corevest American Finance Trust Series - 2020 1 (Class A1) | 1.832 | 03/15/50 | 901,063 | ||||||||||||
| 965,000 | g | DB Master Finance LLC Series - 2017 1A (Class A2I) | 3.629 | 11/20/47 | 969,170 | ||||||||||||
| 1,837,500 | g | DB Master Finance LLC Series - 2019 1A (Class A2I) | 3.787 | 05/20/49 | 1,845,414 | ||||||||||||
| 857,250 | g | Domino’s Pizza Master Issuer LLC Series - 2015 1A (Class A2II) | 4.474 | 10/25/45 | 888,371 | ||||||||||||
| 778,000 | g | Domino’s Pizza Master Issuer LLC Series - 2018 1A (Class A2I) | 4.116 | 07/25/48 | 805,518 | ||||||||||||
| 429,712 | g,i | Ellington Loan Acquisition Trust Series - 2007 2 (Class A2C) | LIBOR 1 M + 1.100% | 1.184 | 05/25/37 | 430,325 | |||||||||||
| 4,035,186 | g | GoodLeap Sustainable Home Solutions Trust Series - 2021 3CS (Class A) | 2.100 | 05/20/48 | 4,018,671 | ||||||||||||
| 4,475,000 | g | GoodLeap Sustainable Home Solutions Trust Series - 2021 4GS (Class A) | 1.930 | 07/20/48 | 4,437,040 | ||||||||||||
| 3,250,000 | g | Grace Trust Series - 2020 GRCE (Class A) | 2.347 | 12/10/40 | 3,294,180 | ||||||||||||
| 7,789,000 | g | GSCG Trust Series - 2019 600C (Class A) | 2.936 | 09/06/34 | 8,119,026 | ||||||||||||
| 873,957 | g | HERO Funding Trust Series - 2015 1A (Class A) | 3.840 | 09/21/40 | 906,702 | ||||||||||||
| 204,622 | †,g | HERO Funding Trust Series - 2014 2A (Class A) | 3.990 | 09/21/40 | 210,475 | ||||||||||||
| 1,018,469 | g | HERO Funding Trust Series - 2016 2A (Class A) | 3.750 | 09/20/41 | 1,058,998 | ||||||||||||
| 834,469 | g | HERO Funding Trust Series - 2016 1A (Class A) | 4.050 | 09/20/41 | 872,992 | ||||||||||||
| 2,158,395 | g | HERO Funding Trust Series - 2016 3A (Class A1) | 3.080 | 09/20/42 | 2,215,450 | ||||||||||||
| 1,947,325 | g | HERO Funding Trust Series - 2016 3A (Class A2) | 3.910 | 09/20/42 | 2,008,240 | ||||||||||||
| 1,963,607 | g | HERO Funding Trust Series - 2016 4A (Class A1) | 3.570 | 09/20/47 | 2,008,334 | ||||||||||||
| 1,935,266 | g | HERO Funding Trust Series - 2017 1A (Class A1) | 3.710 | 09/20/47 | 2,034,861 | ||||||||||||
| 290,905 | g | HERO Funding Trust Series - 2016 4A (Class A2) | 4.290 | 09/20/47 | 300,292 | ||||||||||||
| 3,274,674 | g | HERO Funding Trust Series - 2017 3A (Class A1) | 3.190 | 09/20/48 | 3,401,351 | ||||||||||||
| 236 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 3,064,316 | g | HERO Funding Trust Series - 2017 3A (Class A2) | 3.950 | % | 09/20/48 | $ | 3,234,614 | |||||||||
| 1,272,804 | g | HERO Funding Trust Series - 2017 2A (Class A2) | 4.070 | 09/20/48 | 1,339,740 | ||||||||||||
| 4,436,796 | g | HERO Funding Trust Series - 2018 1A (Class A2) | 4.670 | 09/20/48 | 4,739,426 | ||||||||||||
| 3,330,729 | g | HERO Funding Trust Series - 2020 1A (Class A) | 2.720 | 09/20/57 | 3,387,974 | ||||||||||||
| 34,866 | i | Home Equity Asset Trust Series - 2003 1 (Class M1) | LIBOR 1 M + 1.500% | 3.986 | 06/25/33 | 35,193 | |||||||||||
| 499,977 | g,i | Invitation Homes Trust Series - 2018 SFR4 (Class B) | LIBOR 1 M + 1.250% | 1.334 | 01/17/38 | 500,742 | |||||||||||
| 361,002 | i | JP Morgan Mortgage Acquisition Trust Series - 2007 CH3 (Class A1B) | LIBOR 1 M + 0.320% | 0.406 | 03/25/37 | 359,091 | |||||||||||
| 1,539,719 | i | JP Morgan Mortgage Acquisition Trust Series - 2007 CH5 (Class A1) | LIBOR 1 M + 0.160% | 0.246 | 06/25/37 | 1,522,631 | |||||||||||
| 4,567,229 | g | Loanpal Solar Loan Ltd Series - 2020 2GF (Class A) | 2.750 | 07/20/47 | 4,721,156 | ||||||||||||
| 2,367,171 | g | Loanpal Solar Loan Ltd Series - 2021 1GS (Class A) | 2.290 | 01/20/48 | 2,391,777 | ||||||||||||
| 3,200,000 | g | Loanpal Solar Loan Ltd Series - 2021 1GS (Class B) | 2.840 | 01/20/48 | 3,266,328 | ||||||||||||
| 6,784,114 | g | Loanpal Solar Loan Ltd Series - 2021 2GS (Class A) | 2.220 | 03/20/48 | 6,784,501 | ||||||||||||
| 2,721,254 | †,g | Mosaic Solar Loan Trust Series - 2020 1A (Class R) | 0.000 | 04/20/46 | 2,299,460 | ||||||||||||
| 2,087,013 | g | Mosaic Solar Loan Trust Series - 2020 1A (Class A) | 2.100 | 04/20/46 | 2,113,713 | ||||||||||||
| 2,651,533 | g | Mosaic Solar Loan Trust Series - 2020 1A (Class B) | 3.100 | 04/20/46 | 2,761,848 | ||||||||||||
| 7,000,000 | g | Mosaic Solar Loan Trust Series - 2021 3A (Class B) | 1.920 | 06/20/52 | 6,974,569 | ||||||||||||
| 2,746,281 | g | Mosaic Solar Loans LLC Series - 2017 2A (Class A) | 3.820 | 06/22/43 | 2,902,050 | ||||||||||||
| 4,528,666 | g | Mosaic Solar Loans LLC Series - 2021 2A (Class A) | 1.640 | 04/22/47 | 4,483,532 | ||||||||||||
| 290,000 | g,i | MSCG Trust Series - 2015 ALDR (Class D) | 3.577 | 06/07/35 | 238,113 | ||||||||||||
| 376,439 | g | MVW Owner Trust Series - 2017 1A (Class A) | 2.420 | 12/20/34 | 383,510 | ||||||||||||
| 2,275,000 | g | Progress Residential Trust Series - 2021 SFR8 (Class D) | 2.082 | 10/17/38 | 2,256,165 | ||||||||||||
| 4,000,000 | PSNH Funding LLC Series - 2018 1 (Class A2) | 3.506 | 08/01/28 | 4,347,626 | |||||||||||||
| 157,700 | i | RASC Trust Series - 2005 KS8 (Class M4) | LIBOR 1 M + 0.590% | 3.080 | 08/25/35 | 157,769 | |||||||||||
| 946,811 | g | Renew Series - 2017 1A (Class A) | 3.670 | 09/20/52 | 991,222 | ||||||||||||
| 2,599,965 | g | Renew Series - 2018 1 (Class A) | 3.950 | 09/20/53 | 2,748,143 | ||||||||||||
| 5,281,624 | g | Renew Series - 2021 1 (Class A) | 2.060 | 11/20/56 | 5,281,424 | ||||||||||||
| 237 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 11,642,000 | SCE Recovery Funding LLC | 0.861 | % | 11/15/31 | $ | 11,270,260 | ||||||||||
| 69,697 | g | SolarCity LMC Series - 2013 1 (Class A) | 4.800 | 11/20/38 | 72,748 | ||||||||||||
| 2,858,420 | g | SolarCity LMC Series - 2014 1 (Class A) | 4.590 | 04/20/44 | 2,860,480 | ||||||||||||
| 665,547 | g | SolarCity LMC Series - 2014 2 (Class A) | 4.020 | 07/20/44 | 676,967 | ||||||||||||
| 1,926,828 | g | SolarCity LMC Series - 2016 A (Class A) | 4.800 | 09/20/48 | 1,959,817 | ||||||||||||
| 219,128 | i | Structured Asset Securities Corp Mortgage Loan Trust Series - 2005 7XS (Class 2A1A) | LIBOR 1 M + 1.500% | 1.586 | 04/25/35 | 221,285 | |||||||||||
| 5,388,712 | g | Sunrun Athena Issuer LLC Series - 2018 1 (Class A) | 5.310 | 04/30/49 | 5,959,160 | ||||||||||||
| 6,897,997 | g | Sunrun Atlas Issuer LLC Series - 2019 2 (Class A) | 3.610 | 02/01/55 | 7,325,909 | ||||||||||||
| 15,600,788 | g | Sunrun Callisto Issuer LLC Series - 2019 1A (Class A) | 3.980 | 06/30/54 | 16,657,182 | ||||||||||||
| 6,080,000 | g | Sunrun Callisto Issuer LLC Series - 2021 2A (Class A) | 2.270 | 01/30/57 | 6,077,660 | ||||||||||||
| 9,758,586 | †,g | Sunrun Vulcan Issuer LLC Series - 2021 1A (Class A) | 2.460 | 01/30/52 | 9,870,001 | ||||||||||||
| 10,239,444 | g | TES LLC Series - 2017 1A (Class A) | 4.330 | 10/20/47 | 10,840,673 | ||||||||||||
| 3,500,000 | g | TES LLC Series - 2017 1A (Class B) | 7.740 | 10/20/47 | 3,385,671 | ||||||||||||
| 4,331,397 | g | TES LLC Series - 2017 2A (Class A) | 4.120 | 02/20/48 | 4,450,803 | ||||||||||||
| 883,988 | g | Tesla Auto Lease Trust Series - 2019 A (Class A2) | 2.130 | 04/20/22 | 886,081 | ||||||||||||
| 3,988,000 | g | Tesla Auto Lease Trust Series - 2019 A (Class A3) | 2.160 | 10/20/22 | 4,022,936 | ||||||||||||
| 4,125,000 | g | Tesla Auto Lease Trust Series - 2019 A (Class A4) | 2.200 | 11/21/22 | 4,189,161 | ||||||||||||
| 1,650,000 | g | Tesla Auto Lease Trust Series - 2019 A (Class E) | 5.480 | 05/22/23 | 1,717,365 | ||||||||||||
| 1,000,000 | g | Tesla Auto Lease Trust Series - 2020 A (Class D) | 2.330 | 02/20/24 | 1,022,830 | ||||||||||||
| 6,650,000 | g | Tesla Auto Lease Trust Series - 2021 A (Class A4) | 0.660 | 03/20/25 | 6,655,354 | ||||||||||||
| 10,250,000 | g | Tesla Auto Lease Trust Series - 2021 A (Class D) | 1.340 | 03/20/25 | 10,262,189 | ||||||||||||
| 4,500,000 | g | Tesla Auto Lease Trust Series - 2021 B (Class A3) | 0.600 | 09/22/25 | 4,491,549 | ||||||||||||
| 7,000,000 | g | Tesla Auto Lease Trust Series - 2021 B (Class D) | 1.320 | 09/22/25 | 7,003,653 | ||||||||||||
| 9,500,000 | Toyota Auto Receivables Owner Trust Series - 2021 B (Class A3) | 0.260 | 11/17/25 | 9,473,448 | |||||||||||||
| 9,900,000 | Toyota Auto Receivables Owner Trust Series - 2021 B (Class A4) | 0.530 | 10/15/26 | 9,850,829 | |||||||||||||
| 500,000 | g | Tricon American Homes Trust Series - 2017 SFR1 (Class E) | 4.011 | 09/17/34 | 499,688 | ||||||||||||
| 585,128 | g | Tricon American Homes Trust Series - 2017 SFR2 (Class A) | 2.928 | 01/17/36 | 595,096 | ||||||||||||
| 238 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 100,000 | g | Tricon American Homes Trust Series - 2017 SFR2 (Class B) | 3.275 | % | 01/17/36 | $ | 101,570 | |||||||||
| 325,000 | g | Tricon American Homes Trust Series - 2020 SFR1 (Class B) | 2.049 | 07/17/38 | 328,767 | ||||||||||||
| 5,460,715 | g | Vivint Colar Financing V LLC Series - 2018 1A (Class A) | 4.730 | 04/30/48 | 5,888,248 | ||||||||||||
| 9,890,492 | g | Vivint Colar Financing V LLC Series - 2018 1A (Class B) | 7.370 | 04/30/48 | 10,461,671 | ||||||||||||
| 4,804,559 | g | Vivint Solar Financing VII LLC Series - 2020 1A (Class A) | 2.210 | 07/31/51 | 4,746,044 | ||||||||||||
| TOTAL ASSET BACKED | 288,327,488 | ||||||||||||||||
| OTHER MORTGAGE BACKED - 5.6% | |||||||||||||||||
| 2,165,000 | g,i | 20 Times Square Trust Series - 2018 20TS (Class B) | 3.203 | 05/15/35 | 2,174,762 | ||||||||||||
| 111,284 | g,i | Agate Bay Mortgage Trust Series - 2014 3 (Class A13) | 3.500 | 11/25/44 | 112,115 | ||||||||||||
| 17,818 | g,i | Agate Bay Mortgage Trust Series - 2015 6 (Class A9) | 3.500 | 09/25/45 | 17,993 | ||||||||||||
| 4,075,000 | g,i | Alen Mortgage Trust Series - 2021 ACEN (Class C) | LIBOR 1 M + 2.250% | 2.334 | 04/15/34 | 4,085,219 | |||||||||||
| 104,925 | i | Alternative Loan Trust Series - 2004 8CB (Class M1) | LIBOR 1 M + 0.750% | 0.836 | 06/25/34 | 107,816 | |||||||||||
| 710,407 | Banc of America Commercial Mortgage Trust Series - 2016 UB10 (Class ASB) | 3.019 | 07/15/49 | 742,476 | |||||||||||||
| 5,000,000 | g | BANK Series - 2019 BN21 (Class D) | 2.500 | 10/17/52 | 4,509,978 | ||||||||||||
| 6,500,000 | i | BANK Series - 2019 BN21 (Class C) | 3.517 | 10/17/52 | 6,693,116 | ||||||||||||
| 2,000,000 | BANK Series - 2019 BN23 (Class AS) | 3.203 | 12/15/52 | 2,139,664 | |||||||||||||
| 2,500,000 | i | BANK Series - 2020 BN30 (Class MCDE) | 3.016 | 12/15/53 | 2,438,124 | ||||||||||||
| 8,000,000 | i | BANK Series - 2019 BN22 (Class C) | 3.577 | 11/15/62 | 8,441,188 | ||||||||||||
| 5,750,000 | g | BBCMS Trust Series - 2015 MSQ (Class A) | 3.593 | 09/15/32 | 5,821,391 | ||||||||||||
| 200,000 | g | BBCMS Trust Series - 2015 SRCH (Class A2) | 4.197 | 08/10/35 | 224,971 | ||||||||||||
| 3,000,000 | g,i | BBCMS Trust Series - 2020 C6 (Class F5TA) | 3.811 | 02/15/53 | 3,139,367 | ||||||||||||
| 1,000,000 | Benchmark Mortgage Trust Series - 2019 B12 (Class AS) | 3.419 | 08/15/52 | 1,081,483 | |||||||||||||
| 5,500,000 | g,i | Benchmark Mortgage Trust Series - 2019 B10 (Class 3CCA) | 4.029 | 03/15/62 | 5,845,167 | ||||||||||||
| 6,627,520 | g,i | BX Commercial Mortgage Trust Series - 2019 XL (Class A) | LIBOR 1 M + 0.920% | 1.004 | 10/15/36 | 6,640,337 | |||||||||||
| 4,418,347 | g,i | BX Commercial Mortgage Trust Series - 2019 XL (Class C) | LIBOR 1 M + 1.250% | 1.334 | 10/15/36 | 4,421,124 | |||||||||||
| 2,651,008 | g,i | BX Commercial Mortgage Trust Series - 2019 XL (Class E) | LIBOR 1 M + 1.800% | 1.884 | 10/15/36 | 2,653,403 | |||||||||||
| 2,000,000 | i | CD Mortgage Trust Series - 2016 CD2 (Class B) | 3.879 | 11/10/49 | 2,115,336 | ||||||||||||
| 239 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 5,000,000 | i | Citigroup Commercial Mortgage Trust Series - 2015 GC29 (Class B) | 3.758 | % | 04/10/48 | $ | 5,334,181 | |||||||||
| 4,000,000 | Citigroup Commercial Mortgage Trust Series - 2019 GC43 (Class AS) | 3.300 | 11/10/52 | 4,329,659 | |||||||||||||
| 5,000,000 | Citigroup Commercial Mortgage Trust Series - 2019 GC41 (Class AS) | 3.018 | 08/10/56 | 5,278,205 | |||||||||||||
| 65,925 | i | Citigroup Mortgage Loan Trust Series - 2006 WFH1 (Class M4) | LIBOR 1 M + 0.750% | 0.836 | 01/25/36 | 65,932 | |||||||||||
| 2,250,000 | g,i | Cityline Commercial Mortgage Trust Series - 2016 CLNE (Class A) | 2.871 | 11/10/31 | 2,321,199 | ||||||||||||
| 2,815,000 | g | COMM Mortgage Trust Series - 2013 300P (Class A1) | 4.353 | 08/10/30 | 2,958,969 | ||||||||||||
| 2,000,000 | COMM Mortgage Trust Series - 2014 UBS2 (Class B) | 4.701 | 03/10/47 | 2,138,360 | |||||||||||||
| 2,000,000 | i | COMM Mortgage Trust Series - 2014 CR19 (Class B) | 4.703 | 08/10/47 | 2,160,824 | ||||||||||||
| 1,000,000 | g,i | COMM Mortgage Trust Series - 2014 CR19 (Class D) | 4.860 | 08/10/47 | 994,479 | ||||||||||||
| 516,253 | COMM Mortgage Trust Series - 2015 LC19 (Class ASB) | 3.040 | 02/10/48 | 533,923 | |||||||||||||
| 3,500,000 | g,i | COMM Mortgage Trust Series - 2015 CR22 (Class D) | 4.243 | 03/10/48 | 3,532,344 | ||||||||||||
| 2,000,000 | i | COMM Mortgage Trust Series - 2015 CR23 (Class D) | 4.433 | 05/10/48 | 2,015,014 | ||||||||||||
| 360,000 | i | COMM Mortgage Trust Series - 2015 CR24 (Class D) | 3.463 | 08/10/48 | 334,997 | ||||||||||||
| 2,250,000 | COMM Mortgage Trust Series - 2019 GC44 (Class AM) | 3.263 | 08/15/57 | 2,415,367 | |||||||||||||
| 668,995 | i | Connecticut Avenue Securities Series - 2016 C01 (Class 2M2) | LIBOR 1 M + 6.950% | 7.036 | 08/25/28 | 709,756 | |||||||||||
| 968,823 | i | Connecticut Avenue Securities Series - 2016 C03 (Class 2M2) | LIBOR 1 M + 5.900% | 5.986 | 10/25/28 | 1,017,635 | |||||||||||
| 1,905,793 | i | Connecticut Avenue Securities Series - 2016 C04 (Class 1M2) | LIBOR 1 M + 4.250% | 4.336 | 01/25/29 | 1,975,561 | |||||||||||
| 86,979 | i | Connecticut Avenue Securities Series - 2017 C02 (Class 2ED4) | LIBOR 1 M + 0.850% | 0.936 | 09/25/29 | 84,991 | |||||||||||
| 1,853,621 | i | Connecticut Avenue Securities Series - 2017 C05 (Class 1M2) | LIBOR 1 M + 2.200% | 2.286 | 01/25/30 | 1,894,213 | |||||||||||
| 164,387 | i | Connecticut Avenue Securities Series - 2017 C05 (Class 1M2A) | LIBOR 1 M + 2.200% | 2.286 | 01/25/30 | 164,545 | |||||||||||
| 210,220 | i | Connecticut Avenue Securities Series - 2018 C03 (Class 1EA2) | LIBOR 1 M + 0.850% | 0.936 | 10/25/30 | 209,610 | |||||||||||
| 87,267 | i | Countrywide Home Loan Mortgage Pass Through Trust Series - 2004 HYB6 (Class A2) | 2.613 | 11/20/34 | 90,812 | ||||||||||||
| 14,000,000 | g | CPT Mortgage Trust Series - 2019 CPT (Class A) | 2.865 | 11/13/39 | 14,757,666 | ||||||||||||
| 2,500,000 | g,i | CPT Mortgage Trust Series - 2019 CPT (Class C) | 3.097 | 11/13/39 | 2,592,622 | ||||||||||||
| 2,000,000 | g,i | CPT Mortgage Trust Series - 2019 CPT (Class E) | 3.097 | 11/13/39 | 1,955,206 | ||||||||||||
| 5,000,000 | g,i | Credit Suisse Commercial Mortgage Trust Series - 2017 CALI (Class B) | 3.854 | 11/10/32 | 5,298,850 | ||||||||||||
| 186,652 | g,i | Credit Suisse Commercial Mortgage Trust Series - 2006 CF2 (Class M3) | LIBOR 1 M + 1.150% | 1.236 | 05/25/36 | 186,879 | |||||||||||
| 240 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 403,834 | g,i | Credit Suisse Commercial Mortgage Trust Series - 2018 J1 (Class A11) | 3.500 | % | 02/25/48 | $ | 412,628 | |||||||||
| 3,600,000 | g,i | CSAIL Commercial Mortgage Trust Series - 2017 C8 (Class 85BB) | 3.800 | 06/15/37 | 3,538,581 | ||||||||||||
| 1,600,000 | g,i | CSMC Series Series - 2019 NQM1 (Class M1) | 3.388 | 10/25/59 | 1,628,357 | ||||||||||||
| 2,367,459 | g,i | CSMC Trust Series - 2018 J1 (Class A2) | 3.500 | 02/25/48 | 2,427,863 | ||||||||||||
| 102,725,000 | g,i | DOLP Trust Series - 2021 NYC (Class X) | 0.665 | 05/10/41 | 4,977,694 | ||||||||||||
| 183,521 | i | Fieldstone Mortgage Investment Trust Series - 2005 2 (Class M2) | LIBOR 1 M + 0.735% | 0.821 | 12/25/35 | 183,295 | |||||||||||
| 881,287 | g,i | FirstKey Mortgage Trust Series - 2014 1 (Class A8) | 3.500 | 11/25/44 | 896,767 | ||||||||||||
| 274,653 | g,i | Flagstar Mortgage Trust Series - 2017 2 (Class B3) | 4.103 | 10/25/47 | 275,689 | ||||||||||||
| 37,403 | g,i | Flagstar Mortgage Trust Series - 2018 5 (Class A11) | 4.000 | 09/25/48 | 37,643 | ||||||||||||
| 1,389,437 | g,i | Flagstar Mortgage Trust Series - 2021 2 (Class A4) | 2.500 | 04/25/51 | 1,391,734 | ||||||||||||
| 4,322,981 | g,i | Flagstar Mortgage Trust Series - 2021 4 (Class A21) | 2.500 | 06/01/51 | 4,339,638 | ||||||||||||
| 7,200,000 | Freddie Mac Multiclass Certificates Series Series - 2021 P009 (Class A2) | 1.878 | 01/25/31 | 7,369,673 | |||||||||||||
| 3,000,000 | Freddie Mac Multiclass Certificates Series Series - 2021 P011 (Class A1) | 1.204 | 09/25/31 | 2,976,749 | |||||||||||||
| 6,811,724 | Freddie Mac Multifamily ML Certificates Series - 2021 ML08 (Class ) | 1.877 | 07/25/37 | 6,800,160 | |||||||||||||
| 40,656,000 | †,i | Freddie Mac Multifamily ML Certificates Series - 2021 ML08 (Class XCA) | 1.779 | 11/25/37 | 6,626,115 | ||||||||||||
| 3,229,479 | Freddie Mac Multifamily ML Certificates Series - 2021 ML08 (Class ) | 1.896 | 11/25/37 | 3,230,678 | |||||||||||||
| 4,139,287 | Freddie Mac Multifamily Structured Pass Through Certificates Series - 2020 Q014 (Class A1) | 1.555 | 01/25/36 | 3,979,599 | |||||||||||||
| 18,299 | i | Freddie Mac Multifamily Structured Pass Through Certificates Series - 2020 Q014 (Class X) | 2.801 | 10/25/55 | 4,278 | ||||||||||||
| 6,129,598 | Freddie Mac Multifamily Variable Rate Certificate Series - 2020 M061 (Class A) | 1.761 | 09/15/38 | 6,294,357 | |||||||||||||
| 3,130,000 | g,i | Freddie Mac STACR REMIC Trust Series - 2021 DNA5 (Class M2) | 1.700 | 01/25/34 | 3,155,571 | ||||||||||||
| 444,076 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes Series - 2018 SPI1 (Class M2) | 3.728 | 02/25/48 | 443,132 | ||||||||||||
| 4,385 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes Series - 2018 SPI2 (Class M2) | 3.809 | 05/25/48 | 4,383 | ||||||||||||
| 2,500,000 | g,i | GCT Commercial Mortgage Trust Series - 2021 GCT (Class B) | LIBOR 1 M + 1.250% | 1.334 | 02/15/38 | 2,501,728 | |||||||||||
| 506,355 | g,i | GS Mortage-Backed Securities Trust Series - 2020 PJ1 (Class B2) | 3.718 | 05/25/50 | 514,812 | ||||||||||||
| 241 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,500,000 | g,i | GS Mortgage Securities Trust Series - 2018 HART (Class A) | LIBOR 1 M + 1.090% | 1.180 | % | 10/15/31 | $ | 1,500,000 | ||||||||
| 93,000 | i | GS Mortgage Securities Trust Series - 2016 GS4 (Class C) | 4.088 | 11/10/49 | 92,563 | ||||||||||||
| 84,885 | g,i | GS Mortgage-Backed Securities Corp Trust Series - 2019 PJ2 (Class A1) | 4.000 | 11/25/49 | 85,193 | ||||||||||||
| 222,096 | g,i | GS Mortgage-Backed Securities Corp Trust Series - 2019 PJ2 (Class A4) | 4.000 | 11/25/49 | 222,602 | ||||||||||||
| 1,705,036 | g,i | GS Mortgage-Backed Securities Corp Trust Series - 2020 PJ2 (Class A4) | 3.500 | 07/25/50 | 1,730,038 | ||||||||||||
| 665,229 | g,i | GS Mortgage-Backed Securities Corp Trust Series - 2020 PJ4 (Class A4) | 3.000 | 01/25/51 | 675,758 | ||||||||||||
| 497,245 | i | GS Mortgage-Backed Securities Corp Trust Series - 2020 PJ5 (Class A4) | 3.000 | 03/27/51 | 506,859 | ||||||||||||
| 2,799,527 | g,i | GS Mortgage-Backed Securities Corp Trust Series - 2021 PJ5 (Class A4) | 2.500 | 10/25/51 | 2,804,994 | ||||||||||||
| 529,382 | g,i | GS Mortgage-Backed Securities Trust Series - 2021 PJ2 (Class A4) | 2.500 | 07/25/51 | 529,093 | ||||||||||||
| 10,525,842 | g,i | GS Mortgage-Backed Securities Trust Series - 2021 PJ7 (Class A4) | 2.500 | 01/25/52 | 10,555,873 | ||||||||||||
| 4,870,948 | g,i | GS Mortgage-Backed Securities Trust Series - 2021 PJ8 (Class A4) | 2.500 | 01/25/52 | 4,884,844 | ||||||||||||
| 8,323,788 | g,i | GS MortSecurities Trust Series - 2021 PJ6 (Class A4) | 2.500 | 11/25/51 | 8,345,039 | ||||||||||||
| 289,741 | i | HarborView Mortgage Loan Trust Series - 2005 11 (Class 2A1A) | LIBOR 1 M + 0.620% | 0.707 | 08/19/45 | 293,173 | |||||||||||
| 3,500,000 | g | Hudson Yards Mortgage Trust Series - 2016 10HY (Class A) | 2.835 | 08/10/38 | 3,699,597 | ||||||||||||
| 2,500,000 | g,i | Hudson Yards Mortgage Trust Series - 2016 10HY (Class B) | 3.076 | 08/10/38 | 2,625,884 | ||||||||||||
| 2,500,000 | g,i | Hudson Yards Mortgage Trust Series - 2016 10HY (Class E) | 3.076 | 08/10/38 | 2,519,775 | ||||||||||||
| 5,750,000 | g,i | Hudson Yards Mortgage Trust Series - 2016 10HY (Class C) | 3.076 | 08/10/38 | 6,034,103 | ||||||||||||
| 11,650,000 | g,i | Hudson Yards Mortgage Trust Series - 2019 30HY (Class D) | 3.558 | 07/10/39 | 12,062,292 | ||||||||||||
| 2,500,000 | g,i | Hudson Yards Mortgage Trust Series - 2019 55HY (Class F) | 3.041 | 12/10/41 | 2,381,930 | ||||||||||||
| 1,500,000 | g,i | Hudson Yards Mortgage Trust Series - 2019 55HY (Class D) | 3.041 | 12/10/41 | 1,513,370 | ||||||||||||
| 5,000,000 | g,i | Hudson Yards Mortgage Trust Series - 2019 55HY (Class E) | 3.041 | 12/10/41 | 4,919,482 | ||||||||||||
| 14,272 | i | Impac CMB Trust Series - 2004 11 (Class 2A1) | LIBOR 1 M + 0.660% | 0.746 | 03/25/35 | 14,670 | |||||||||||
| 440,000 | g,i | Imperial Fund Mortgage Trust Series - 2020 NQM1 (Class M1) | 3.531 | 10/25/55 | 450,454 | ||||||||||||
| 1,600,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Corp Series - 2013 C13 (Class D) | 4.213 | 01/15/46 | 1,630,289 | ||||||||||||
| 2,279,066 | g,i | JP Morgan Mortgage Trust Series - 2015 1 (Class B1) | LIBOR 1 M - 0.000% | 2.103 | 12/25/44 | 2,322,189 | |||||||||||
| 20,110 | g,i | JP Morgan Mortgage Trust Series - 2015 3 (Class A19) | 3.500 | 05/25/45 | 20,348 | ||||||||||||
| 242 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 311,052 | g,i | JP Morgan Mortgage Trust Series - 2015 6 (Class A13) | 3.500 | % | 10/25/45 | $ | 313,708 | |||||||||
| 253,174 | g,i | JP Morgan Mortgage Trust Series - 2016 1 (Class A13) | 3.500 | 05/25/46 | 256,392 | ||||||||||||
| 92,213 | g,i | JP Morgan Mortgage Trust Series - 2017 2 (Class A13) | 3.500 | 05/25/47 | 93,636 | ||||||||||||
| 442,669 | g,i | JP Morgan Mortgage Trust Series - 2018 3 (Class A13) | 3.500 | 09/25/48 | 446,034 | ||||||||||||
| 238,012 | g,i | JP Morgan Mortgage Trust Series - 2018 4 (Class A13) | 3.500 | 10/25/48 | 241,874 | ||||||||||||
| 1,226,303 | g,i | JP Morgan Mortgage Trust Series - 2018 5 (Class A13) | 3.500 | 10/25/48 | 1,252,848 | ||||||||||||
| 799,967 | g,i | JP Morgan Mortgage Trust Series - 2017 5 (Class A2) | 3.090 | 10/26/48 | 832,252 | ||||||||||||
| 113,794 | g,i | JP Morgan Mortgage Trust Series - 2018 8 (Class A13) | 4.000 | 01/25/49 | 114,804 | ||||||||||||
| 165,046 | g,i | JP Morgan Mortgage Trust Series - 2018 9 (Class A13) | 4.000 | 02/25/49 | 166,843 | ||||||||||||
| 152,851 | g,i | JP Morgan Mortgage Trust Series - 2019 1 (Class A3) | 4.000 | 05/25/49 | 155,154 | ||||||||||||
| 245,819 | g,i | JP Morgan Mortgage Trust Series - 2019 1 (Class A15) | 4.000 | 05/25/49 | 249,224 | ||||||||||||
| 645,521 | g,i | JP Morgan Mortgage Trust Series - 2019 3 (Class B1) | 4.689 | 09/25/49 | 656,337 | ||||||||||||
| 828,296 | g,i | JP Morgan Mortgage Trust Series - 2019 INV1 (Class A11) | LIBOR 1 M + 0.950% | 1.036 | 10/25/49 | 832,626 | |||||||||||
| 879,232 | g,i | JP Morgan Mortgage Trust Series - 2020 1 (Class B2) | 3.869 | 06/25/50 | 901,873 | ||||||||||||
| 4,527,866 | g,i | JP Morgan Mortgage Trust Series - 2021 6 (Class A15) | 2.500 | 10/25/51 | 4,536,709 | ||||||||||||
| 2,353,173 | g,i | JP Morgan Mortgage Trust Series - 2021 7 (Class A15) | 2.500 | 11/25/51 | 2,363,651 | ||||||||||||
| 3,004,380 | g,i | JP Morgan Mortgage Trust Series - 2021 8 (Class A15) | 2.500 | 12/25/51 | 3,019,636 | ||||||||||||
| 2,400,000 | i | JPMBB Commercial Mortgage Securities Trust Series - 2014 C23 (Class C) | 4.633 | 09/15/47 | 2,478,028 | ||||||||||||
| 832,726 | g | Ladder Capital Commercial Mortgage Securities Series - 2013 GCP (Class A1) | 3.575 | 02/15/36 | 885,914 | ||||||||||||
| 10,000,000 | g | Liberty Street Trust Series - 2016 225L (Class A) | 3.597 | 02/10/36 | 10,805,598 | ||||||||||||
| 4,000,000 | g,i | MAD Mortgage Trust Series - 2017 330M (Class A) | 3.294 | 08/15/34 | 4,080,613 | ||||||||||||
| 2,350,000 | g,i | Manhattan West Series - 2020 1MW (Class D) | 2.413 | 09/10/39 | 2,326,481 | ||||||||||||
| 433,045 | Morgan Stanley Bank of America Merrill Lynch Trust Series - 2015 C20 (Class ASB) | 3.069 | 02/15/48 | 448,491 | |||||||||||||
| 213,795 | i | Morgan Stanley Capital I Trust Series - 2004 HE6 (Class M1) | LIBOR 1 M + 0.825% | 0.911 | 08/25/34 | 212,209 | |||||||||||
| 425,000 | g,i | Morgan Stanley Capital I Trust Series - 2017 CLS (Class A) | LIBOR 1 M + 0.700% | 0.784 | 11/15/34 | 425,000 | |||||||||||
| 168,541 | †,i | Morgan Stanley Capital I Trust Series - 2007 IQ16 (Class AJFX) | 6.470 | 12/12/49 | 101,125 | ||||||||||||
| 243 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,500,000 | g,i | MSDB Trust Series - 2017 712F (Class A) | 3.427 | % | 07/11/39 | $ | 1,594,004 | |||||||||
| 3,450,000 | g,i | Natixis Commercial Mortgage Securities Trust Series - 2018 285M (Class A) | 3.917 | 11/15/32 | 3,531,643 | ||||||||||||
| 10,500,000 | g,i | Natixis Commercial Mortgage Securities Trust Series - 2018 850T (Class A) | LIBOR 1 M + 0.784% | 0.867 | 07/15/33 | 10,453,345 | |||||||||||
| 4,000,000 | g,i | Natixis Commercial Mortgage Securities Trust Series - 2019 MILE (Class F) | LIBOR 1 M + 4.250% | 4.334 | 07/15/36 | 3,975,414 | |||||||||||
| 815,327 | g,i | New Residential Mortgage Loan Trust Series - 2019 NQM4 (Class A3) | 2.797 | 09/25/59 | 819,923 | ||||||||||||
| 425,000 | g,i | New Residential Mortgage Loan Trust Series - 2019 NQM4 (Class M1) | 2.986 | 09/25/59 | 425,903 | ||||||||||||
| 85,749 | i | New York Mortgage Trust Series - 2005 3 (Class A1) | LIBOR 1 M + 0.480% | 0.566 | 02/25/36 | 86,412 | |||||||||||
| 398,282 | g,i | OBX Trust Series - 2018 1 (Class A2) | LIBOR 1 M + 0.650% | 0.736 | 06/25/57 | 398,361 | |||||||||||
| 1,447,317 | g,i | Oceanview Mortgage Trust Series - 2021 1 (Class A19) | 2.500 | 05/25/51 | 1,451,881 | ||||||||||||
| 14,500,000 | g | One Bryant Park Trust Series - 2019 OBP (Class A) | 2.516 | 09/15/54 | 14,923,233 | ||||||||||||
| 2,750,000 | g | One Market Plaza Trust Series - 2017 1MKT (Class A) | 3.614 | 02/10/32 | 2,779,895 | ||||||||||||
| 8,216 | g | Prima Capital CRE Securitization Ltd Series - 2015 4A (Class MR-A) | 2.550 | 08/24/49 | 8,216 | ||||||||||||
| 258,453 | g,i | Sequoia Mortgage Trust Series - 2015 2 (Class A1) | 3.500 | 05/25/45 | 262,973 | ||||||||||||
| 72,254 | g,i | Sequoia Mortgage Trust Series - 2016 1 (Class A19) | 3.500 | 06/25/46 | 73,559 | ||||||||||||
| 34,426 | g,i | Sequoia Mortgage Trust Series - 2016 3 (Class A10) | 3.500 | 11/25/46 | 34,485 | ||||||||||||
| 16,864 | g,i | Sequoia Mortgage Trust Series - 2017 1 (Class A4) | 3.500 | 02/25/47 | 16,853 | ||||||||||||
| 220,089 | g,i | Sequoia Mortgage Trust Series - 2017 3 (Class A19) | 3.500 | 04/25/47 | 222,879 | ||||||||||||
| 32,570 | g,i | Sequoia Mortgage Trust Series - 2017 6 (Class A19) | 3.500 | 09/25/47 | 33,049 | ||||||||||||
| 224,861 | g,i | Sequoia Mortgage Trust Series - 2017 6 (Class B1) | 3.764 | 09/25/47 | 229,467 | ||||||||||||
| 151,984 | g,i | Sequoia Mortgage Trust Series - 2018 2 (Class A1) | 3.500 | 02/25/48 | 154,545 | ||||||||||||
| 50,326 | g,i | Sequoia Mortgage Trust Series - 2018 2 (Class A19) | 3.500 | 02/25/48 | 50,966 | ||||||||||||
| 26,353 | g,i | Sequoia Mortgage Trust Series - 2018 3 (Class A1) | 3.500 | 03/25/48 | 26,715 | ||||||||||||
| 58,386 | g,i | Sequoia Mortgage Trust Series - 2018 7 (Class A19) | 4.000 | 09/25/48 | 59,082 | ||||||||||||
| 31,145 | g,i | Sequoia Mortgage Trust Series - 2018 8 (Class A19) | 4.000 | 11/25/48 | 31,466 | ||||||||||||
| 592,344 | g,i | Sequoia Mortgage Trust Series - 2019 2 (Class A1) | 4.000 | 06/25/49 | 601,293 | ||||||||||||
| 77,817 | g,i | Sequoia Mortgage Trust Series - 2019 2 (Class A19) | 4.000 | 06/25/49 | 78,947 | ||||||||||||
| 486,887 | g,i | Sequoia Mortgage Trust Series - 2019 4 (Class A1) | 3.500 | 11/25/49 | 490,814 | ||||||||||||
| 244 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 305,269 | g,i | Sequoia Mortgage Trust Series - 2019 5 (Class A19) | 3.500 | % | 12/25/49 | $ | 308,614 | |||||||||
| 543,652 | g,i | Sequoia Mortgage Trust Series - 2019 5 (Class A1) | 3.500 | 12/25/49 | 551,186 | ||||||||||||
| 1,349,479 | g,i | Sequoia Mortgage Trust Series - 2020 2 (Class A1) | 3.500 | 03/25/50 | 1,381,772 | ||||||||||||
| 1,490,183 | g,i | Sequoia Mortgage Trust Series - 2020 3 (Class A19) | 3.000 | 04/25/50 | 1,517,508 | ||||||||||||
| 2,461,079 | g,i | Sequoia Mortgage Trust Series - 2021 4 (Class A19) | 2.500 | 06/25/51 | 2,468,962 | ||||||||||||
| 754,335 | g,i | Shellpoint Co-Originator Trust Series - 2017 2 (Class A1) | 3.500 | 10/25/47 | 764,079 | ||||||||||||
| 14,150,000 | g | SLG Office Trust Series - 2021 OVA (Class A) | 2.585 | 07/15/41 | 14,626,189 | ||||||||||||
| 111,311 | i | Structured Agency Credit Risk Debt Note (STACR) Series - 2016 HQA3 (Class M2) |
LIBOR 1 M + 1.350% | 1.436 | 03/25/29 | 111,352 | |||||||||||
| 15,495 | i | STACR Series - 2017 DNA2 (Class M1) | LIBOR 1 M + 1.200% | 1.286 | 10/25/29 | 15,500 | |||||||||||
| 3,500,000 | i | STACR Series - 2017 DNA3 (Class M2) | LIBOR 1 M + 2.500% | 2.586 | 03/25/30 | 3,589,555 | |||||||||||
| 85,000 | g,i | STACR Series - 2021 HQA1 (Class M2) | 2.300 | 08/25/33 | 86,012 | ||||||||||||
| 2,375,000 | g,i | STACR Series - 2021 DNA3 (Class M2) | 2.150 | 10/25/33 | 2,423,238 | ||||||||||||
| 1,700,000 | g,i | Verus Securitization Trust Series - 2019 3 (Class M1) | 3.139 | 07/25/59 | 1,708,388 | ||||||||||||
| 925,000 | g,i | Verus Securitization Trust Series - 2019 4 (Class M1) | 3.207 | 11/25/59 | 939,267 | ||||||||||||
| 890,976 | g | Verus Securitization Trust Series - 2020 5 (Class A3) | 1.733 | 05/25/65 | 894,757 | ||||||||||||
| 2,925,000 | g,i | VNDO Trust Series - 2012 6AVE (Class C) | 3.448 | 11/15/30 | 2,979,745 | ||||||||||||
| 2,711,000 | g | VNDO Trust Series - 2016 350P (Class A) | 3.805 | 01/10/35 | 2,973,017 | ||||||||||||
| 3,000,000 | g,i | VNDO Trust Series - 2016 350P (Class B) | 4.033 | 01/10/35 | 3,236,954 | ||||||||||||
| 736,941 | Wells Fargo Commercial Mortgage Trust Series - 2016 BNK1 (Class ASB) | 2.514 | 08/15/49 | 763,207 | |||||||||||||
| 673,830 | Wells Fargo Commercial Mortgage Trust Series - 2016 C33 (Class ASB) | 3.185 | 03/15/59 | 707,276 | |||||||||||||
| 78,492 | g,i | Wells Fargo Mortgage Backed Securities Trust Series - 2019 2 (Class A17) | 4.000 | 04/25/49 | 78,794 | ||||||||||||
| 486,382 | g,i | Wells Fargo Mortgage Backed Securities Trust Series - 2020 4 (Class A17) | 3.000 | 07/25/50 | 494,302 | ||||||||||||
| 5,341,000 | g,i | Wells Fargo Mortgage Backed Securities Trust Series - 2021 2 (Class A17) | 2.500 | 06/25/51 | 5,343,921 | ||||||||||||
| 750,000 | WFRBS Commercial Mortgage Trust Series - 2013 C11 (Class AS) | 3.311 | 03/15/45 | 770,018 | |||||||||||||
| 650,000 | i | WFRBS Commercial Mortgage Trust Series - 2013 C18 (Class C) | 5.026 | 12/15/46 | 664,081 | ||||||||||||
| 245 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 218,874 | g,i | WinWater Mortgage Loan Trust Series - 2014 1 (Class B4) | 3.856 | % | 06/20/44 | $ | 220,108 | |||||||||
| TOTAL OTHER MORTGAGE BACKED | 395,818,550 | ||||||||||||||||
| TOTAL STRUCTURED ASSETS | 684,146,038 | ||||||||||||||||
| (Cost $675,451,689) | |||||||||||||||||
| TOTAL BONDS | 6,836,222,810 | ||||||||||||||||
| (Cost $6,741,410,586) | |||||||||||||||||
| SHARES | COMPANY | ||||||||||||||||
| PREFERRED STOCKS - 0.9% | |||||||||||||||||
| BANKS - 0.2% | |||||||||||||||||
| 490,000 | First Republic Bank | 12,299,000 | |||||||||||||||
| TOTAL BANKS | 12,299,000 | ||||||||||||||||
| REAL ESTATE - 0.4% | |||||||||||||||||
| 400,000 | Brookfield Property Partners LP | 10,096,000 | |||||||||||||||
| 695,000 | Brookfield Property Partners LP | 16,311,650 | |||||||||||||||
| TOTAL REAL ESTATE | 26,407,650 | ||||||||||||||||
| UTILITIES - 0.3% | |||||||||||||||||
| 490,000 | Brookfield Infrastructure Partners LP | 12,519,500 | |||||||||||||||
| 308,000 | Brookfield Renewable Partners LP | 8,131,200 | |||||||||||||||
| TOTAL UTILITIES | 20,650,700 | ||||||||||||||||
| TOTAL PREFERRED STOCKS | 59,357,350 | ||||||||||||||||
| (Cost $59,575,000) | |||||||||||||||||
| PRINCIPAL | ISSUER | ||||||||||||||||
| SHORT-TERM INVESTMENTS - 14.9% | |||||||||||||||||
| GOVERNMENT AGENCY DEBT - 13.9% | |||||||||||||||||
| $ | 10,000,000 | Federal Agricultural Mortgage Corp (FAMC) | 0.000 | 10/21/21 | 9,999,889 | ||||||||||||
| 10,000,000 | Federal Farm Credit Bank (FFCB) | 0.000 | 10/04/21 | 9,999,983 | |||||||||||||
| 25,664,000 | FFCB | 0.000 | 12/01/21 | 25,662,261 | |||||||||||||
| 5,000,000 | FFCB | 0.000 | 02/10/22 | 4,999,084 | |||||||||||||
| 12,457,000 | FFCB | 0.000 | 02/28/22 | 12,454,406 | |||||||||||||
| 12,500,000 | FFCB | 0.000 | 03/01/22 | 12,497,379 | |||||||||||||
| 12,500,000 | FFCB | 0.000 | 03/02/22 | 12,497,362 | |||||||||||||
| 10,000,000 | FFCB | 0.000 | 03/17/22 | 9,997,682 | |||||||||||||
| 4,000,000 | FFCB | 0.000 | 04/11/22 | 3,998,735 | |||||||||||||
| 13,750,000 | FFCB | 0.000 | 05/27/22 | 13,744,615 | |||||||||||||
| 7,000,000 | FFCB | 0.000 | 06/16/22 | 6,996,535 | |||||||||||||
| 10,000,000 | FFCB | 0.000 | 07/19/22 | 9,993,560 | |||||||||||||
| 18,091,000 | Federal Home Loan Bank (FHLB) | 0.000 | 10/01/21 | 18,091,000 | |||||||||||||
| 55,000,000 | FHLB | 0.000 | 10/06/21 | 54,999,847 | |||||||||||||
| 80,259,000 | FHLB | 0.000 | 10/08/21 | 80,258,688 | |||||||||||||
| 49,214,000 | FHLB | 0.000 | 10/13/21 | 49,213,672 | |||||||||||||
| 15,000,000 | FHLB | 0.000 | 10/14/21 | 14,999,892 | |||||||||||||
| 5,775,000 | FHLB | 0.000 | 10/15/21 | 5,774,955 | |||||||||||||
| 38,630,000 | FHLB | 0.000 | 10/18/21 | 38,629,635 | |||||||||||||
| 135,574,000 | FHLB | 0.000 | 10/20/21 | 135,572,570 | |||||||||||||
| 246 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 61,653,000 | FHLB | 0.000 | % | 10/22/21 | $ | 61,652,281 | ||||||||
| 78,100,000 | FHLB | 0.000 | 10/27/21 | 78,098,872 | |||||||||||
| 17,579,000 | FHLB | 0.000 | 11/05/21 | 17,578,317 | |||||||||||
| 20,625,000 | FHLB | 0.000 | 11/19/21 | 20,623,877 | |||||||||||
| 12,635,000 | FHLB | 0.000 | 12/17/21 | 12,633,919 | |||||||||||
| 17,820,000 | FHLB | 0.000 | 12/22/21 | 17,818,377 | |||||||||||
| 25,000,000 | FHLB | 0.000 | 12/27/21 | 24,997,584 | |||||||||||
| 50,000,000 | FHLB | 0.000 | 01/04/22 | 49,994,723 | |||||||||||
| 20,000,000 | FHLB | 0.000 | 01/18/22 | 19,997,578 | |||||||||||
| 25,000,000 | FHLB | 0.000 | 02/18/22 | 24,995,140 | |||||||||||
| 25,000,000 | FHLB | 0.000 | 02/22/22 | 24,995,002 | |||||||||||
| 20,283,000 | FHLB | 0.000 | 05/05/22 | 20,275,788 | |||||||||||
| 15,000,000 | FHLB | 0.000 | 07/15/22 | 14,990,564 | |||||||||||
| 20,000,000 | FHLB | 0.000 | 08/03/22 | 19,986,589 | |||||||||||
| 8,000,000 | FHLB | 0.000 | 08/05/22 | 7,994,601 | |||||||||||
| 38,825,000 | Tennessee Valley Authority (TVA) | 0.000 | 10/06/21 | 38,824,892 | |||||||||||
| TOTAL GOVERNMENT AGENCY DEBT | 985,839,854 | ||||||||||||||
| REPURCHASE AGREEMENT - 0.7% | |||||||||||||||
| 49,700,000 | r | Fixed Income Clearing Corp (FICC) | 0.010 | 10/01/21 | 49,700,000 | ||||||||||
| TOTAL REPURCHASE AGREEMENT | 49,700,000 | ||||||||||||||
| TREASURY DEBT - 0.3% | |||||||||||||||
| 16,500,000 | United States Cash Management Bill | 0.000 | 11/30/21 | 16,498,875 | |||||||||||
| TOTAL TREASURY DEBT | 16,498,875 | ||||||||||||||
| SHARES | COMPANY | ||||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.0% | |||||||||||||||
| 30,035 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.030 | 30,035 | |||||||||||
| TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 30,035 | ||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | 1,052,068,764 | ||||||||||||||
| (Cost $1,052,072,705) | |||||||||||||||
| TOTAL INVESTMENTS - 112.6% (Cost $7,876,398,401) | 7,971,126,237 | ||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - (12.6)% | (889,243,745 | ) | |||||||||||||
| NET ASSETS - 100.0% | $ | 7,081,882,492 | |||||||||||||
| 247 |
TIAA-CREF FUNDS – Core Impact Bond Fund
| Abbreviation(s): | |||
| CLP | Chilean Peso | ||
| EUR | Euro | ||
| LIBOR | London Interbank Offered Rate | ||
| M | Month | ||
| REIT | Real Estate Investment Trust | ||
| SOFR | Secure Overnight Financing Rate | ||
| † | Security is categorized as Level 3 in the fair value hierarchy. | ||
| ‡ | Perpetual security | ||
| 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 $5,032,341. | ||
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities is $1,740,910,576 or 24.6% of net assets. | ||
| h | All or a portion of these securities were purchased on a delayed delivery basis. | ||
| i | Floating or variable rate security 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. | ||
| k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. | ||
| q | In default | ||
| r | Agreement with Fixed Income Clearing Corp (FICC), 0.010% dated 9/30/21 to be repurchased at $49,700,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $50,694,031. | ||
Forward foreign currency contracts outstanding as of September 30, 2021 were as follows:
| Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation) | ||||||||
| $ | 2,935,879 | EUR | 2,471,223 | AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED | 10/25/21 | $ | 71,947 | |||||||
| $ | 9,957,666 | EUR | 8,429,920 | CITIBANK N.A. | 10/25/21 | 188,121 | ||||||||
| Total | $ | 260,068 | ||||||||||||
| Abbreviation(s): | |||
| EUR | Euro | ||
| 248 |
TIAA-CREF FUNDS – Core Plus Bond Fund
TIAA-CREF FUNDS
CORE PLUS BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
September 30, 2021
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| BANK LOAN OBLIGATIONS - 2.9% | |||||||||||||||||
| AUTOMOBILES & COMPONENTS - 0.0% | |||||||||||||||||
| $ | 1,484,418 | i | Clarios Global LP | LIBOR 1 M + 3.250% | 3.334 | % | 04/30/26 | $ | 1,476,996 | ||||||||
| 979,860 | i | Gates Global LLC | LIBOR 1 M + 2.500% | 3.250 | 03/31/27 | 977,782 | |||||||||||
| 99,500 | i | Truck Hero, Inc | LIBOR 1 M + 3.250% | 4.000 | 01/31/28 | 99,230 | |||||||||||
| TOTAL AUTOMOBILES & COMPONENTS | 2,554,008 | ||||||||||||||||
| CAPITAL GOODS - 0.1% | |||||||||||||||||
| 2,484,674 | i | Blount International, Inc | LIBOR 1 M + 3.750% | 4.750 | 04/12/23 | 2,486,886 | |||||||||||
| 266,008 | i | Penn Engineering & Manufacturing Corp | LIBOR 3 M + 2.500% | 3.500 | 06/27/24 | 265,676 | |||||||||||
| 613,772 | i | Proampac PG Borrower LLC | LIBOR 1 M + 3.750% | 4.500 | 11/03/25 | 614,539 | |||||||||||
| 319,209 | i | Prometric Holdings Inc | LIBOR 1 M + 3.000% | 4.000 | 01/29/25 | 316,815 | |||||||||||
| 954,545 | i | SRAM LLC | LIBOR 3 M + 2.750% | 3.250 | 05/18/28 | 952,951 | |||||||||||
| 1,458,327 | i | TransDigm, Inc | LIBOR 1 M + 2.250% | 2.334 | 12/09/25 | 1,440,098 | |||||||||||
| TOTAL CAPITAL GOODS | 6,076,965 | ||||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.4% | |||||||||||||||||
| 2,147,813 | i | Allied Universal Holdco LLC | LIBOR 3 M + 3.750% | 4.250 | 05/12/28 | 2,148,779 | |||||||||||
| 987,500 | i | Amentum Government Services Holdings LLC | LIBOR 1 M + 3.500% | 3.584 | 01/29/27 | 985,031 | |||||||||||
| 1,011,934 | i | CHI Doors Holdings Corp | LIBOR 1 M + 3.500% | 4.500 | 07/31/25 | 1,011,621 | |||||||||||
| 1,915,000 | i | Clean Harbors, Inc | LIBOR 1 M + 1.750% | 1.834 | 06/28/24 | 1,913,142 | |||||||||||
| 966,178 | i | Filtration Group Corp | LIBOR 1 M + 3.000% | 3.084 | 03/28/25 | 960,748 | |||||||||||
| 1,010,038 | i | GFL Environmental, Inc | LIBOR 3 M + 3.000% | 3.500 | 05/30/25 | 1,011,300 | |||||||||||
| 386,116 | i | Intermediate Dutch Holdings | LIBOR 1 M + 4.000% | 4.084 | 03/06/28 | 386,807 | |||||||||||
| 2,157,386 | i | Intrado Corp | LIBOR 3 M + 4.000% | 5.000 | 10/10/24 | 2,123,451 | |||||||||||
| 2,500,000 | i | Maxar Technologies Ltd | LIBOR 1 M + 2.750% | 2.870 | 10/04/24 | 2,478,525 | |||||||||||
| 1,019,875 | i | PAE Holding Corp | LIBOR 3 M + 4.500% | 5.250 | 10/14/27 | 1,017,835 | |||||||||||
| 1,455,188 | i | Peraton Corp | LIBOR 1 M + 3.750% | 4.500 | 02/01/28 | 1,455,420 | |||||||||||
| 2,243,925 | i | Prime Security Services Borrower LLC | LIBOR 1 M + 2.750% | 3.500 | 09/23/26 | 2,240,604 | |||||||||||
| 1,920,188 | i | Spin Holdco, Inc | LIBOR 3 M + 4.000% | 4.750 | 03/01/28 | 1,924,777 | |||||||||||
| 2,254,105 | i | Trans Union LLC | LIBOR 1 M + 1.750% | 1.834 | 11/16/26 | 2,238,957 | |||||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 21,896,997 | ||||||||||||||||
| CONSUMER DURABLES & APPAREL - 0.0% | |||||||||||||||||
| 1,000,000 | i | Conair Holdings LLC | LIBOR 3 M + 3.750% | 4.250 | 05/17/28 | 1,000,420 | |||||||||||
| 1,488,750 | i | Great Outdoors Group LLC | LIBOR 3 M + 4.250% | 5.000 | 03/06/28 | 1,493,216 | |||||||||||
| TOTAL CONSUMER DURABLES & APPAREL | 2,493,636 | ||||||||||||||||
| CONSUMER SERVICES - 0.3% | |||||||||||||||||
| 597,000 | i | AlixPartners LLP | LIBOR 1 M + 2.750% | 3.250 | 02/04/28 | 595,173 | |||||||||||
| 356,400 | i | Caesars Resort Collection LLC | LIBOR 1 M + 3.500% | 3.583 | 07/21/25 | 356,528 | |||||||||||
| 1,983,072 | i | Golden Nugget LLC | LIBOR 2 M + 2.500% | 3.250 | 10/04/23 | 1,972,621 | |||||||||||
| 2,779,000 | i,j | IRB Holding Corp | LIBOR 3 M + 3.250% | 4.250 | 12/15/27 | 2,782,474 | |||||||||||
| 1,549,958 | i | KFC Holding Co | LIBOR 1 M + 1.750% | 1.836 | 03/09/28 | 1,548,020 | |||||||||||
| 1,711,137 | i | KUEHG Corp | LIBOR 3 M + 3.750% | 4.750 | 02/21/25 | 1,693,547 | |||||||||||
| 1,990,000 | i | Life Time, Inc | LIBOR 3 M + 4.750% | 5.750 | 12/10/24 | 2,003,691 | |||||||||||
| 249 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 2,213,951 | i | Scientific Games International, Inc | LIBOR 1 M + 2.750% | 2.834 | % | 08/14/24 | $ | 2,203,169 | ||||||||
| 1,488,750 | i | Sophia LP | LIBOR 3 M + 3.750% | 4.500 | 10/07/27 | 1,493,708 | |||||||||||
| 1,444,381 | i | Sterling Midco Holdings, Inc | LIBOR 3 M + 3.500% | 4.500 | 06/19/24 | 1,438,964 | |||||||||||
| TOTAL CONSUMER SERVICES | 16,087,895 | ||||||||||||||||
| DIVERSIFIED FINANCIALS - 0.0% | |||||||||||||||||
| 371,174 | i | Lions Gate Capital Holdings LLC | LIBOR 1 M + 2.250% | 2.334 | 03/24/25 | 367,811 | |||||||||||
| 372,611 | i | Reynolds Group Holdings, Inc | LIBOR 1 M + 3.250% | 3.334 | 02/05/26 | 369,817 | |||||||||||
| TOTAL DIVERSIFIED FINANCIALS | 737,628 | ||||||||||||||||
| ENERGY - 0.0% | |||||||||||||||||
| 796,875 | i | ChampionX Holding, Inc | LIBOR 3 M + 5.000% | 6.000 | 06/03/27 | 808,828 | |||||||||||
| 640,250 | i | Delek US Holdings, Inc | LIBOR 1 M + 5.500% | 6.500 | 04/01/25 | 640,250 | |||||||||||
| 483,788 | i | DT Midstream, Inc | LIBOR 3 M + 2.000% | 2.500 | 06/26/28 | 483,410 | |||||||||||
| TOTAL ENERGY | 1,932,488 | ||||||||||||||||
| FOOD, BEVERAGE & TOBACCO - 0.1% | |||||||||||||||||
| 1,188,000 | i | Chobani LLC | LIBOR 1 M + 3.500% | 4.500 | 10/20/27 | 1,189,699 | |||||||||||
| 592,500 | i | Froneri US, Inc | LIBOR 1 M + 2.250% | 2.334 | 01/29/27 | 585,094 | |||||||||||
| 1,984,615 | i | Hearthside Food Solutions LLC | LIBOR 1 M + 3.688% | 3.772 | 05/23/25 | 1,977,590 | |||||||||||
| 1,985,000 | i | Shearer’s Foods LLC | LIBOR 3 M + 3.500% | 4.250 | 09/23/27 | 1,981,625 | |||||||||||
| 667,000 | i | Triton Water Holdings, Inc | LIBOR 3 M + 3.500% | 4.000 | 03/31/28 | 665,753 | |||||||||||
| TOTAL FOOD, BEVERAGE & TOBACCO | 6,399,761 | ||||||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES - 0.3% | |||||||||||||||||
| 1,492,500 | i | ADMI Corp | LIBOR 1 M + 3.125% | 3.625 | 12/23/27 | 1,479,441 | |||||||||||
| 1,809,108 | i | Change Healthcare Holdings LLC | LIBOR 1 M + 2.500% | 3.500 | 03/01/24 | 1,806,937 | |||||||||||
| 445,500 | i | Da Vinci Purchaser Corp | LIBOR 1 M + 4.000% | 5.000 | 01/08/27 | 447,033 | |||||||||||
| 979,435 | i | ExamWorks Group Inc | LIBOR 1 M + 3.250% | 4.250 | 07/27/23 | 979,229 | |||||||||||
| 1,105,983 | i | Gentiva Health Services, Inc | LIBOR 1 M + 2.750% | 2.875 | 07/02/25 | 1,105,519 | |||||||||||
| 1,318,375 | i | Global Medical Response, Inc | LIBOR 3 M + 4.750% | 5.750 | 10/02/25 | 1,322,330 | |||||||||||
| 1,920,188 | i | Onex TSG Intermediate Corp | LIBOR 3 M + 4.750% | 5.500 | 02/28/28 | 1,934,109 | |||||||||||
| 2,597,237 | i | RegionalCare Hospital Partners Holdings, Inc | LIBOR 1 M + 3.750% | 3.834 | 11/16/25 | 2,592,380 | |||||||||||
| 2,000,000 | i | Select Medical Corp | LIBOR 1 M + 2.250% | 2.340 | 03/06/25 | 1,984,500 | |||||||||||
| 3,181,113 | i | Surgery Center Holdings, Inc | LIBOR 1 M + 3.750% | 4.500 | 09/03/26 | 3,184,199 | |||||||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES | 16,835,677 | ||||||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 0.1% | |||||||||||||||||
| 721,375 | i | Energizer Holdings, Inc | LIBOR 1 M + 2.250% | 2.750 | 12/16/27 | 720,473 | |||||||||||
| 992,500 | i | Kronos Acquisition Holdings, Inc | LIBOR 1 M + 3.750% | 4.250 | 12/22/26 | 966,983 | |||||||||||
| 1,183,809 | i | Weber-Stephen Products LLC | LIBOR 1 M + 3.250% | 4.000 | 10/29/27 | 1,185,881 | |||||||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 2,873,337 | ||||||||||||||||
| INSURANCE - 0.1% | |||||||||||||||||
| 215,555 | i | Acrisure LLC | LIBOR 3 M + 3.500% | 3.632 | 02/15/27 | 213,354 | |||||||||||
| 123,610 | i | Alliant Holdings Intermediate LLC | LIBOR 1 M + 3.750% | 4.250 | 11/05/27 | 123,644 | |||||||||||
| 190,301 | i | Asurion LLC | LIBOR 1 M + 3.125% | 3.209 | 11/03/23 | 189,112 | |||||||||||
| 1,546,799 | i | Asurion LLC | LIBOR 1 M + 3.250% | 3.334 | 12/23/26 | 1,523,040 | |||||||||||
| 425,000 | i | Asurion LLC | LIBOR 1 M + 5.250% | 5.334 | 01/31/28 | 423,496 | |||||||||||
| 985,050 | i | HUB International Ltd | LIBOR 3 M + 3.250% | 4.000 | 04/25/25 | 985,050 | |||||||||||
| 1,964,194 | i | USI, Inc | LIBOR 3 M + 3.000% | 3.132 | 05/16/24 | 1,949,817 | |||||||||||
| TOTAL INSURANCE | 5,407,513 | ||||||||||||||||
| 250 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| MATERIALS - 0.2% | |||||||||||||||||
| $ | 1,287,000 | i | Asplundh Tree Expert LLC | LIBOR 1 M + 1.750% | 1.834 | % | 09/02/27 | $ | 1,281,994 | ||||||||
| 660,809 | i | Berry Global, Inc | LIBOR 1 M + 1.750% | 1.856 | 07/01/26 | 656,679 | |||||||||||
| 670,597 | i | Flex Acquisition Co, Inc | LIBOR 3 M + 3.500% | 4.000 | 03/02/28 | 669,014 | |||||||||||
| 133,621 | i | H.B. Fuller Co | LIBOR 1 M + 2.000% | 2.087 | 10/21/24 | 133,672 | |||||||||||
| 773,063 | i | Kloeckner Pentaplast of America, Inc | LIBOR 6 M + 4.750% | 5.250 | 02/04/26 | 774,516 | |||||||||||
| 188,922 | i | MA FinanceCo LLC | LIBOR 1 M + 2.750% | 2.834 | 06/21/24 | 186,797 | |||||||||||
| 1,007,516 | i | Messer Industries USA, Inc | LIBOR 3 M + 2.500% | 2.584 | 03/01/26 | 1,001,723 | |||||||||||
| 2,187,855 | i | Quikrete Holdings, Inc | LIBOR 1 M + 2.500% | 2.584 | 02/01/27 | 2,168,252 | |||||||||||
| 542,499 | i | Tamko Building Products, Inc | LIBOR 1 M + 3.000% | 3.132 | 05/29/26 | 539,109 | |||||||||||
| 356,768 | i | Tronox Finance LLC | LIBOR 1 M + 2.250% | 2.398 | 03/10/28 | 355,144 | |||||||||||
| 1,456,162 | i | Zekelman Industries, Inc | LIBOR 1 M + 2.000% | 2.083 | 01/25/27 | 1,439,474 | |||||||||||
| TOTAL MATERIALS | 9,206,374 | ||||||||||||||||
| MEDIA & ENTERTAINMENT - 0.4% | |||||||||||||||||
| 1,989,664 | i | Altice Financing S.A. | LIBOR 3 M + 2.750% | 2.900 | 02/02/26 | 1,953,353 | |||||||||||
| 612,500 | i | Arches Buyer, Inc | LIBOR 1 M + 3.250% | 3.750 | 12/06/27 | 609,058 | |||||||||||
| 1,215,813 | i | Arterra Wines Canada, Inc | LIBOR 3 M + 3.500% | 4.250 | 11/19/27 | 1,215,557 | |||||||||||
| 297,750 | i | Banijay Group US Holding, Inc | LIBOR 1 M + 3.750% | 3.833 | 03/04/25 | 297,006 | |||||||||||
| 198,500 | i | Cablevision Lightpath LLC | LIBOR 1 M + 3.250% | 3.750 | 11/30/27 | 198,649 | |||||||||||
| 905,677 | i | Cirque Du Soleil Holding USA Newco, Inc | LIBOR 3 M + 6.000% | 7.000 | 11/24/25 | 903,603 | |||||||||||
| 847,571 | i | Cirque Du Soleil Holding USA Newco, Inc | LIBOR 3 M + 1.000% | 2.000 | 11/24/27 | 836,070 | |||||||||||
| 267,000 | i | City Brewing Co LLC | LIBOR 3 M + 3.500% | 4.250 | 03/31/28 | 264,218 | |||||||||||
| 721,375 | i | CNT Holdings I Corp | LIBOR 3 M + 3.750% | 4.500 | 11/08/27 | 721,829 | |||||||||||
| 1,840,000 | i | Coral-US Co-Borrower LLC | LIBOR 1 M + 3.000% | 4.000 | 09/23/29 | 1,827,929 | |||||||||||
| 1,492,354 | i | CSC Holdings LLC | LIBOR 1 M + 2.250% | 2.334 | 07/17/25 | 1,469,968 | |||||||||||
| 980,000 | i | Diamond Sports Group LLC | LIBOR 1 M + 3.250% | 3.340 | 08/24/26 | 608,276 | |||||||||||
| 2,493,750 | i | INEOS US Petrochem LLC | LIBOR 1 M + 2.750% | 3.250 | 01/29/26 | 2,493,750 | |||||||||||
| 798,000 | i | Journey Personal Care Corp | LIBOR 3 M + 4.250% | 5.000 | 03/01/28 | 799,333 | |||||||||||
| 15,625 | OneDigital Borrower LLC | 5.250 | 11/16/27 | 15,670 | |||||||||||||
| 483,164 | OneDigital Borrower LLC | LIBOR 3 M + 4.500% | 5.250 | 11/16/27 | 484,575 | ||||||||||||
| 423,938 | i | Park River Holdings, Inc | LIBOR 3 M + 3.250% | 4.000 | 12/28/27 | 422,085 | |||||||||||
| 397,000 | i | Radiate Holdco LLC | LIBOR 1 M + 3.500% | 4.250 | 09/25/26 | 396,428 | |||||||||||
| 2,448,451 | i | Ryan Specialty Group LLC | LIBOR 1 M + 3.000% | 3.750 | 09/01/27 | 2,446,003 | |||||||||||
| 275,000 | i | SkyMiles IP Ltd | LIBOR 3 M + 3.750% | 4.750 | 10/20/27 | 292,308 | |||||||||||
| 879,312 | i | TK Elevator US Newco, Inc | LIBOR 6 M + 3.500% | 4.000 | 07/29/27 | 880,534 | |||||||||||
| 590,391 | i | TricorBraun Holdings, Inc | LIBOR 1 M + 3.250% | 3.750 | 03/03/28 | 586,778 | |||||||||||
| 133,129 | i | TricorBraun Holdings, Inc | LIBOR 1 M + 3.250% | 3.750 | 03/03/28 | 132,314 | |||||||||||
| 1,835,991 | i | Univision Communications, Inc | LIBOR 1 M + 3.750% | 4.750 | 03/24/26 | 1,832,668 | |||||||||||
| 372,188 | i | US Radiology Specialists, Inc | LIBOR 3 M + 5.500% | 6.250 | 12/10/27 | 373,524 | |||||||||||
| 1,442,750 | i | Woof Holdings, Inc | LIBOR 3 M + 3.750% | 4.500 | 12/21/27 | 1,443,659 | |||||||||||
| TOTAL MEDIA & ENTERTAINMENT | 23,505,145 | ||||||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.2% | |||||||||||||||||
| 621,875 | i | Avantor, Inc | LIBOR 1 M + 2.250% | 2.750 | 11/08/27 | 622,652 | |||||||||||
| 2,265,209 | i | Bausch Health Americas, Inc | LIBOR 1 M + 3.000% | 3.085 | 06/02/25 | 2,261,811 | |||||||||||
| 2,299,315 | i | Endo Luxembourg Finance Co I Sarl | LIBOR 3 M + 5.000% | 5.750 | 03/27/28 | 2,244,385 | |||||||||||
| 1,995,000 | i | Jazz Financing Lux Sarl | LIBOR 1 M + 3.500% | 4.000 | 05/05/28 | 1,997,254 | |||||||||||
| 1,456,005 | i | PAREXEL International Corp | LIBOR 1 M + 2.750% | 2.834 | 09/27/24 | 1,454,768 | |||||||||||
| 1,924,681 | i | PPD, Inc | LIBOR 1 M + 2.000% | 2.500 | 01/13/28 | 1,920,678 | |||||||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 10,501,548 | ||||||||||||||||
| 251 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| REAL ESTATE - 0.0% | |||||||||||||||||
| $ | 1,239,853 | i | Cushman & Wakefield plc | LIBOR 1 M + 2.750% | 2.834 | % | 08/21/25 | $ | 1,227,765 | ||||||||
| TOTAL REAL ESTATE | 1,227,765 | ||||||||||||||||
| RETAILING - 0.1% | |||||||||||||||||
| 446,625 | i | LS GROUP OPCO ACQUISITIO | LIBOR 3 M + 3.250% | 4.000 | 11/02/27 | 445,790 | |||||||||||
| 379,251 | i | Men’s Wearhouse LLC | LIBOR 3 M + 8.000% | 9.000 | 12/01/25 | 315,916 | |||||||||||
| 500,000 | i | PetSmart, Inc | LIBOR 3 M + 3.750% | 4.500 | 02/11/28 | 500,715 | |||||||||||
| 1,596,000 | i | Resideo Funding, Inc | LIBOR 2 M + 2.250% | 2.750 | 02/09/28 | 1,596,000 | |||||||||||
| 788,455 | i | Sally Holdings LLC | LIBOR 1 M + 2.250% | 2.340 | 07/05/24 | 785,167 | |||||||||||
| 1,930,563 | i | Staples, Inc | LIBOR 3 M + 5.000% | 5.126 | 04/16/26 | 1,837,548 | |||||||||||
| TOTAL RETAILING | 5,481,136 | ||||||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.0% | |||||||||||||||||
| 668,156 | i | MKS Instruments, Inc | LIBOR 1 M + 1.750% | 1.834 | 02/02/26 | 665,149 | |||||||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 665,149 | ||||||||||||||||
| SOFTWARE & SERVICES - 0.2% | |||||||||||||||||
| 500,000 | i | Avaya Holdings Corp | LIBOR 1 M + 4.250% | 4.334 | 12/15/27 | 500,585 | |||||||||||
| 1,796,775 | i | Camelot Finance S.A. | LIBOR 1 M + 3.000% | 3.084 | 10/30/26 | 1,791,528 | |||||||||||
| 1,484,694 | i | Hyland Software, Inc | LIBOR 1 M + 3.500% | 4.250 | 07/01/24 | 1,485,466 | |||||||||||
| 1,984,887 | i | Informatica LLC | LIBOR 1 M + 3.250% | 3.334 | 02/25/27 | 1,977,443 | |||||||||||
| 1,500,000 | i | Magenta Buyer LLC | LIBOR 3 M + 5.000% | 5.750 | 07/27/28 | 1,499,535 | |||||||||||
| 1,231,394 | i | Mitchell International, Inc | LIBOR 1 M + 3.250% | 3.334 | 11/29/24 | 1,229,092 | |||||||||||
| 118,500 | i | Presidio Holdings, Inc | LIBOR 1 M + 3.500% | 3.590 | 01/22/27 | 118,241 | |||||||||||
| 1,815,875 | i | Rackspace Technology Global, Inc | LIBOR 3 M + 2.750% | 3.500 | 02/03/28 | 1,802,056 | |||||||||||
| 475,000 | i | RealPage, Inc | LIBOR 1 M + 3.250% | 3.750 | 04/24/28 | 473,366 | |||||||||||
| 123,752 | i | UKG, Inc | LIBOR 3 M + 3.250% | 4.000 | 05/04/26 | 123,917 | |||||||||||
| TOTAL SOFTWARE & SERVICES | 11,001,229 | ||||||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 0.1% | |||||||||||||||||
| 1,147,125 | i | Ahead DB Holdings LLC | LIBOR 3 M + 3.750% | 4.500 | 10/18/27 | 1,150,945 | |||||||||||
| 1,320,104 | i | Dell International LLC | LIBOR 1 M + 1.750% | 2.000 | 09/19/25 | 1,319,457 | |||||||||||
| 498,750 | i | Ingram Micro, Inc | LIBOR 3 M + 3.500% | 4.000 | 06/30/28 | 499,747 | |||||||||||
| 450,000 | i | Match Group Holdings II LLC | LIBOR 3 M + 1.750% | 1.874 | 02/07/27 | 447,188 | |||||||||||
| 1,532,020 | i | Western Digital Corp | LIBOR 1 M + 1.750% | 1.838 | 04/29/23 | 1,531,377 | |||||||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 4,948,714 | ||||||||||||||||
| TELECOMMUNICATION SERVICES - 0.1% | |||||||||||||||||
| 992,405 | i | CommScope, Inc | LIBOR 1 M + 3.250% | 3.334 | 04/06/26 | 986,411 | |||||||||||
| 2,984,496 | i | SFR Group S.A. | LIBOR 1 M + 3.688% | 3.800 | 01/31/26 | 2,956,889 | |||||||||||
| 623,553 | i | Zayo Group Holdings, Inc | LIBOR 1 M + 3.000% | 3.084 | 03/09/27 | 617,735 | |||||||||||
| TOTAL TELECOMMUNICATION SERVICES | 4,561,035 | ||||||||||||||||
| TRANSPORTATION - 0.1% | |||||||||||||||||
| 555,000 | i | Air Canada | LIBOR 3 M + 3.500% | 4.250 | 08/11/28 | 556,848 | |||||||||||
| 750,000 | i | American Airlines, Inc | LIBOR 3 M + 4.750% | 5.500 | 04/20/28 | 775,102 | |||||||||||
| 380,000 | i | CHG Healthcare Services, Inc | LIBOR 1 M + 3.500% | 4.000 | 09/21/28 | 380,407 | |||||||||||
| 1,970,000 | i | Genesee & Wyoming, Inc | LIBOR 3 M + 2.000% | 2.132 | 12/30/26 | 1,957,018 | |||||||||||
| 475,000 | i | Mileage Plus Holdings LLC | LIBOR 3 M + 5.250% | 6.250 | 06/18/27 | 504,393 | |||||||||||
| 995,000 | i | United Airlines, Inc | LIBOR 3 M + 3.750% | 4.500 | 04/21/28 | 1,001,109 | |||||||||||
| 1,196,736 | i | XPO Logistics, Inc | LIBOR 1 M + 1.750% | 1.833 | 02/24/25 | 1,190,010 | |||||||||||
| TOTAL TRANSPORTATION | 6,364,887 | ||||||||||||||||
| 252 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| UTILITIES - 0.1% | |||||||||||||||||
| $ | 464,158 | i | AssuredPartners, Inc | LIBOR 1 M + 3.500% | 3.584 | % | 02/12/27 | $ | 461,062 | ||||||||
| 1,583,531 | i | AssuredPartners, Inc | LIBOR 1 M + 3.500% | 4.000 | 02/12/27 | 1,580,760 | |||||||||||
| 1,963,665 | i | Gopher Resource LLC | LIBOR 1 M + 3.250% | 4.250 | 03/06/25 | 1,808,535 | |||||||||||
| 1,282,783 | i | ProQuest LLC | LIBOR 1 M + 3.250% | 3.334 | 10/23/26 | 1,281,295 | |||||||||||
| 1,275,839 | i | Seattle SpinCo, Inc | LIBOR 1 M + 2.750% | 2.834 | 06/21/24 | 1,261,486 | |||||||||||
| 2,133,876 | i | Utz Quality Foods LLC | LIBOR 1 M + 3.000% | 3.084 | 01/20/28 | 2,129,886 | |||||||||||
| TOTAL UTILITIES | 8,523,024 | ||||||||||||||||
| TOTAL BANK LOAN OBLIGATIONS | 169,281,911 | ||||||||||||||||
| (Cost $169,224,394) | |||||||||||||||||
| BONDS - 93.5% | |||||||||||||||||
| CORPORATE BONDS - 44.1% | |||||||||||||||||
| AUTOMOBILES & COMPONENTS - 0.6% | |||||||||||||||||
| 4,500,000 | g | Adient Global Holdings Ltd | 4.875 | 08/15/26 | 4,606,965 | ||||||||||||
| 350,000 | g | Adient US LLC | 9.000 | 04/15/25 | 378,000 | ||||||||||||
| 1,463,000 | g | Clarios Global LP | 6.750 | 05/15/25 | 1,543,465 | ||||||||||||
| 575,000 | Dana, Inc | 5.375 | 11/15/27 | 605,906 | |||||||||||||
| 350,000 | Dana, Inc | 5.625 | 06/15/28 | 376,898 | |||||||||||||
| 325,000 | Dana, Inc | 4.250 | 09/01/30 | 334,246 | |||||||||||||
| 750,000 | Ford Motor Co | 8.500 | 04/21/23 | 824,955 | |||||||||||||
| 775,000 | Ford Motor Co | 9.000 | 04/22/25 | 931,961 | |||||||||||||
| 1,000,000 | Ford Motor Co | 7.450 | 07/16/31 | 1,304,850 | |||||||||||||
| 4,900,000 | g | Gates Global LLC | 6.250 | 01/15/26 | 5,083,750 | ||||||||||||
| 3,300,000 | General Motors Co | 6.125 | 10/01/25 | 3,866,581 | |||||||||||||
| 2,300,000 | General Motors Co | 5.000 | 10/01/28 | 2,662,391 | |||||||||||||
| 1,350,000 | General Motors Co | 6.600 | 04/01/36 | 1,812,186 | |||||||||||||
| 3,325,000 | General Motors Co | 5.200 | 04/01/45 | 4,049,002 | |||||||||||||
| 750,000 | General Motors Co | 6.750 | 04/01/46 | 1,069,494 | |||||||||||||
| 5,000,000 | Goodyear Tire & Rubber Co | 5.250 | 04/30/31 | 5,373,250 | |||||||||||||
| 250,000 | g,o | IHO Verwaltungs GmbH | 4.750 | 09/15/26 | 256,250 | ||||||||||||
| 1,450,000 | Magna International, Inc | 3.625 | 06/15/24 | 1,555,745 | |||||||||||||
| TOTAL AUTOMOBILES & COMPONENTS | 36,635,895 | ||||||||||||||||
| BANKS - 8.3% | |||||||||||||||||
| 2,000,000 | g | Akbank T.A.S. | 6.800 | 02/06/26 | 2,085,078 | ||||||||||||
| 2,000,000 | g | Akbank T.A.S. | 6.797 | 04/27/28 | 2,006,200 | ||||||||||||
| 1,500,000 | g | Akbank TAS | 6.800 | 06/22/31 | 1,480,050 | ||||||||||||
| 2,450,000 | g | Australia & New Zealand Banking Group Ltd | 2.950 | 07/22/30 | 2,546,677 | ||||||||||||
| 4,000,000 | Banco Bilbao Vizcaya Argentaria S.A. | 6.500 | N/A‡ | 4,350,000 | |||||||||||||
| 1,175,000 | g | Banco de Credito del Peru | 3.250 | 09/30/31 | 1,150,337 | ||||||||||||
| 2,375,000 | g | Banco del Estado de Chile | 2.704 | 01/09/25 | 2,458,125 | ||||||||||||
| 2,855,000 | g | Banco do Brasil S.A. | 3.250 | 09/30/26 | 2,853,572 | ||||||||||||
| 1,725,000 | g | Banco Industrial S.A. | 4.875 | 01/29/31 | 1,750,875 | ||||||||||||
| 3,000,000 | g | Banco Internacional del Peru SAA Interbank | 4.000 | 07/08/30 | 3,000,000 | ||||||||||||
| 2,400,000 | Banco Santander S.A. | 1.722 | 09/14/27 | 2,388,847 | |||||||||||||
| 1,905,000 | Banco Santander S.A. | 3.800 | 02/23/28 | 2,087,975 | |||||||||||||
| 600,000 | Banco Santander S.A. | 2.958 | 03/25/31 | 617,268 | |||||||||||||
| 253 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 2,200,000 | Banco Santander S.A. | 7.500 | % | N/A‡ | $ | 2,398,000 | ||||||||
| 8,800,000 | Banco Santander S.A. | 4.750 | N/A‡ | 8,963,416 | |||||||||||
| 2,000,000 | Bancolombia S.A. | 3.000 | 01/29/25 | 2,017,520 | |||||||||||
| 2,000,000 | Bancolombia S.A. | 4.625 | 12/18/29 | 2,025,000 | |||||||||||
| 2,600,000 | g | Bangkok Bank PCL | 3.466 | 09/23/36 | 2,570,810 | ||||||||||
| 2,000,000 | g | Bangkok Bank PCL | 5.000 | N/A‡ | 2,080,000 | ||||||||||
| 2,000,000 | g | Banistmo S.A. | 4.250 | 07/31/27 | 2,048,500 | ||||||||||
| 3,000,000 | g | Bank Leumi Le-Israel BM | 3.275 | 01/29/31 | 3,071,250 | ||||||||||
| 11,975,000 | Bank of America Corp | 2.456 | 10/22/25 | 12,508,247 | |||||||||||
| 2,925,000 | Bank of America Corp | 1.734 | 07/22/27 | 2,937,036 | |||||||||||
| 6,675,000 | Bank of America Corp | 3.824 | 01/20/28 | 7,366,197 | |||||||||||
| 6,775,000 | Bank of America Corp | 2.496 | 02/13/31 | 6,856,232 | |||||||||||
| 22,600,000 | Bank of America Corp | 2.592 | 04/29/31 | 23,066,192 | |||||||||||
| 9,225,000 | Bank of America Corp | 1.922 | 10/24/31 | 8,874,176 | |||||||||||
| 3,050,000 | Bank of America Corp | 3.311 | 04/22/42 | 3,200,291 | |||||||||||
| 630,000 | Bank of America Corp | 6.300 | N/A‡ | 730,800 | |||||||||||
| 7,000,000 | Bank of America Corp | 6.100 | N/A‡ | 7,805,910 | |||||||||||
| 1,275,000 | Bank of Montreal | 3.803 | 12/15/32 | 1,396,956 | |||||||||||
| 1,500,000 | Barclays plc | 4.338 | 05/16/24 | 1,587,773 | |||||||||||
| 3,000,000 | Barclays plc | 3.932 | 05/07/25 | 3,219,574 | |||||||||||
| 1,500,000 | Barclays plc | 4.375 | N/A‡ | 1,498,950 | |||||||||||
| 6,855,000 | Barclays plc | 6.125 | N/A‡ | 7,587,662 | |||||||||||
| 1,700,000 | Barclays plc | 7.750 | N/A‡ | 1,853,000 | |||||||||||
| 3,300,000 | g | BNP Paribas S.A. | 2.819 | 11/19/25 | 3,456,307 | ||||||||||
| 100,000 | g | BNP Paribas S.A. | 4.375 | 05/12/26 | 110,439 | ||||||||||
| 575,000 | g | BNP Paribas S.A. | 2.219 | 06/09/26 | 590,169 | ||||||||||
| 2,175,000 | g | BNP Paribas S.A. | 1.323 | 01/13/27 | 2,138,482 | ||||||||||
| 2,150,000 | g | BNP Paribas S.A. | 1.904 | 09/30/28 | 2,140,002 | ||||||||||
| 6,600,000 | g | BNP Paribas S.A. | 2.588 | 08/12/35 | 6,400,143 | ||||||||||
| 925,000 | g | BNP Paribas S.A. | 6.625 | N/A‡ | 1,001,035 | ||||||||||
| 1,625,000 | Citigroup, Inc | 3.875 | 03/26/25 | 1,764,831 | |||||||||||
| 5,895,000 | Citigroup, Inc | 3.200 | 10/21/26 | 6,355,843 | |||||||||||
| 2,805,000 | Citigroup, Inc | 4.300 | 11/20/26 | 3,150,379 | |||||||||||
| 695,000 | Citigroup, Inc | 4.450 | 09/29/27 | 790,346 | |||||||||||
| 5,325,000 | Citigroup, Inc | 4.125 | 07/25/28 | 5,943,990 | |||||||||||
| 11,200,000 | Citigroup, Inc | 2.666 | 01/29/31 | 11,470,339 | |||||||||||
| 8,300,000 | Citigroup, Inc | 4.412 | 03/31/31 | 9,583,657 | |||||||||||
| 2,135,000 | Citigroup, Inc | 2.572 | 06/03/31 | 2,176,214 | |||||||||||
| 7,500,000 | Citigroup, Inc | 6.300 | N/A‡ | 8,096,250 | |||||||||||
| 10,000,000 | Citigroup, Inc | 5.000 | N/A‡ | 10,444,750 | |||||||||||
| 5,725,000 | Cooperatieve Rabobank UA | 3.750 | 07/21/26 | 6,309,546 | |||||||||||
| 1,325,000 | g | Credicorp Ltd | 2.750 | 06/17/25 | 1,354,604 | ||||||||||
| 3,000,000 | g | Credit Agricole S.A. | 1.247 | 01/26/27 | 2,957,603 | ||||||||||
| 830,000 | g | Danske Bank AS | 5.375 | 01/12/24 | 910,927 | ||||||||||
| 1,525,000 | g | DBS Group Holdings Ltd | 4.520 | 12/11/28 | 1,633,142 | ||||||||||
| 2,450,000 | Discover Bank | 2.450 | 09/12/24 | 2,554,902 | |||||||||||
| 800,000 | Discover Bank | 4.250 | 03/13/26 | 891,502 | |||||||||||
| 1,625,000 | Discover Bank | 3.450 | 07/27/26 | 1,761,704 | |||||||||||
| 1,375,000 | Discover Bank | 2.700 | 02/06/30 | 1,425,999 | |||||||||||
| 6,600,000 | Fifth Third Bancorp | 4.500 | N/A‡ | 7,170,900 | |||||||||||
| 2,500,000 | g | Grupo Aval Ltd | 4.375 | 02/04/30 | 2,470,000 | ||||||||||
| 1,300,000 | HSBC Holdings plc | 3.900 | 05/25/26 | 1,431,889 | |||||||||||
| 5,675,000 | HSBC Holdings plc | 4.292 | 09/12/26 | 6,260,273 | |||||||||||
| 630,000 | HSBC Holdings plc | 4.375 | 11/23/26 | 702,182 | |||||||||||
| 254 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 2,250,000 | HSBC Holdings plc | 2.013 | % | 09/22/28 | $ | 2,249,448 | ||||||||
| 4,775,000 | HSBC Holdings plc | 2.206 | 08/17/29 | 4,736,130 | |||||||||||
| 2,200,000 | HSBC Holdings plc | 3.973 | 05/22/30 | 2,428,228 | |||||||||||
| 4,500,000 | HSBC Holdings plc | 6.000 | N/A‡ | 4,933,125 | |||||||||||
| 990,000 | Huntington Bancshares, Inc | 4.000 | 05/15/25 | 1,085,392 | |||||||||||
| 5,000,000 | Huntington Bancshares, Inc | 5.625 | N/A‡ | 5,862,000 | |||||||||||
| 3,000,000 | g | ICICI Bank Ltd | 4.000 | 03/18/26 | 3,230,850 | ||||||||||
| 1,100,000 | ING Groep NV | 3.950 | 03/29/27 | 1,232,422 | |||||||||||
| 3,000,000 | g | Intercorp Financial Services, Inc | 4.125 | 10/19/27 | 3,030,000 | ||||||||||
| 2,680,000 | g | Intesa Sanpaolo SpA | 7.700 | N/A‡ | 3,028,105 | ||||||||||
| 700,000 | JPMorgan Chase & Co | 2.700 | 05/18/23 | 724,043 | |||||||||||
| 660,000 | JPMorgan Chase & Co | 3.900 | 07/15/25 | 721,689 | |||||||||||
| 350,000 | JPMorgan Chase & Co | 3.200 | 06/15/26 | 378,078 | |||||||||||
| 13,880,000 | JPMorgan Chase & Co | 3.702 | 05/06/30 | 15,328,144 | |||||||||||
| 3,825,000 | JPMorgan Chase & Co | 2.739 | 10/15/30 | 3,961,253 | |||||||||||
| 2,345,000 | JPMorgan Chase & Co | 2.522 | 04/22/31 | 2,392,376 | |||||||||||
| 4,575,000 | JPMorgan Chase & Co | 2.956 | 05/13/31 | 4,759,637 | |||||||||||
| 7,725,000 | JPMorgan Chase & Co | 1.953 | 02/04/32 | 7,452,473 | |||||||||||
| 5,725,000 | JPMorgan Chase & Co | 3.157 | 04/22/42 | 5,943,902 | |||||||||||
| 1,250,000 | JPMorgan Chase & Co | 4.260 | 02/22/48 | 1,507,176 | |||||||||||
| 5,700,000 | JPMorgan Chase & Co | 3.328 | 04/22/52 | 5,971,075 | |||||||||||
| 4,000,000 | JPMorgan Chase & Co | 5.000 | N/A‡ | 4,175,000 | |||||||||||
| 2,000,000 | JPMorgan Chase & Co | 6.100 | N/A‡ | 2,173,600 | |||||||||||
| 6,250,000 | JPMorgan Chase & Co | 3.650 | N/A‡ | 6,281,250 | |||||||||||
| 890,000 | Keycorp | 5.000 | N/A‡ | 992,350 | |||||||||||
| 775,000 | g | Kookmin Bank | 2.500 | 11/04/30 | 767,825 | ||||||||||
| 4,000,000 | Lloyds Banking Group plc | 7.500 | N/A‡ | 4,640,434 | |||||||||||
| 4,175,000 | M&T Bank Corp | 3.500 | N/A‡ | 4,143,687 | |||||||||||
| 1,800,000 | Mitsubishi UFJ Financial Group, Inc | 2.193 | 02/25/25 | 1,861,873 | |||||||||||
| 3,500,000 | g | Mizrahi Tefahot Bank Ltd | 3.077 | 04/07/31 | 3,539,375 | ||||||||||
| 2,650,000 | Natwest Group plc | 3.032 | 11/28/35 | 2,653,516 | |||||||||||
| 3,000,000 | Natwest Group plc | 4.600 | N/A‡ | 3,014,400 | |||||||||||
| 5,000,000 | Natwest Group plc | 8.000 | N/A‡ | 5,906,250 | |||||||||||
| 1,665,000 | g | Oversea-Chinese Banking Corp Ltd | 1.832 | 09/10/30 | 1,659,306 | ||||||||||
| 1,200,000 | PNC Bank NA | 2.700 | 10/22/29 | 1,258,358 | |||||||||||
| 2,500,000 | PNC Financial Services Group, Inc | 3.900 | 04/29/24 | 2,697,620 | |||||||||||
| 5,225,000 | PNC Financial Services Group, Inc | 3.400 | N/A‡ | 5,211,937 | |||||||||||
| 4,000,000 | Regions Financial Corp | 5.750 | N/A‡ | 4,461,200 | |||||||||||
| 1,925,000 | Royal Bank of Scotland Group plc | 3.073 | 05/22/28 | 2,043,957 | |||||||||||
| 3,000,000 | Royal Bank of Scotland Group plc | 6.000 | N/A‡ | 3,357,390 | |||||||||||
| 2,325,000 | Santander Holdings USA, Inc | 3.400 | 01/18/23 | 2,404,377 | |||||||||||
| 2,500,000 | g | Sovcombank Via SovCom Capital DAC | 3.400 | 01/26/25 | 2,516,266 | ||||||||||
| 3,675,000 | Sumitomo Mitsui Financial Group, Inc | 2.778 | 10/18/22 | 3,771,147 | |||||||||||
| 2,250,000 | Sumitomo Mitsui Financial Group, Inc | 2.696 | 07/16/24 | 2,363,331 | |||||||||||
| 1,500,000 | SVB Financial Group | 4.100 | N/A‡ | 1,541,700 | |||||||||||
| 1,820,000 | SVB Financial Group | 4.000 | N/A‡ | 1,865,500 | |||||||||||
| 3,300,000 | Toronto-Dominion Bank | 1.150 | 06/12/25 | 3,307,305 | |||||||||||
| 475,000 | Toronto-Dominion Bank | 3.625 | 09/15/31 | 521,870 | |||||||||||
| 1,175,000 | Truist Bank | 1.500 | 03/10/25 | 1,196,207 | |||||||||||
| 5,055,000 | Truist Financial Corp | 4.800 | N/A‡ | 5,325,847 | |||||||||||
| 3,000,000 | g | Turkiye Garanti Bankasi AS. | 6.125 | 05/24/27 | 3,007,500 | ||||||||||
| 2,500,000 | g | Turkiye Vakiflar Bankasi TAO | 6.500 | 01/08/26 | 2,540,103 | ||||||||||
| 3,050,000 | g | Turkiye Vakiflar Bankasi TAO | 5.500 | 10/01/26 | 2,956,147 | ||||||||||
| 255 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 2,350,000 | g | UBS Group AG. | 1.494 | % | 08/10/27 | $ | 2,322,789 | |||||||
| 5,000,000 | g | UBS Group AG. | 3.875 | N/A‡ | 4,999,450 | ||||||||||
| 3,000,000 | UniCredit SpA | 8.000 | N/A‡ | 3,273,750 | |||||||||||
| 1,700,000 | g | United Overseas Bank Ltd | 3.750 | 04/15/29 | 1,802,595 | ||||||||||
| 3,000,000 | g | United Overseas Bank Ltd | 2.000 | 10/14/31 | 2,999,610 | ||||||||||
| 2,075,000 | Wells Fargo & Co | 3.750 | 01/24/24 | 2,218,333 | |||||||||||
| 1,050,000 | Wells Fargo & Co | 3.550 | 09/29/25 | 1,143,882 | |||||||||||
| 5,825,000 | Wells Fargo & Co | 2.393 | 06/02/28 | 6,008,138 | |||||||||||
| 3,600,000 | Wells Fargo & Co | 2.879 | 10/30/30 | 3,759,699 | |||||||||||
| 10,000,000 | Wells Fargo & Co | 3.900 | N/A‡ | 10,312,500 | |||||||||||
| 1,500,000 | Wells Fargo & Co | 5.875 | N/A‡ | 1,671,765 | |||||||||||
| 2,350,000 | Westpac Banking Corp | 2.850 | 05/13/26 | 2,528,221 | |||||||||||
| 1,250,000 | Westpac Banking Corp | 2.668 | 11/15/35 | 1,223,956 | |||||||||||
| TOTAL BANKS | 477,263,707 | ||||||||||||||
| CAPITAL GOODS - 1.5% | |||||||||||||||
| 2,000,000 | g | Adaro Indonesia PT | 4.250 | 10/31/24 | 2,035,000 | ||||||||||
| 1,325,000 | Air Lease Corp | 3.000 | 02/01/30 | 1,344,485 | |||||||||||
| 5,000,000 | Air Lease Corp | 3.125 | 12/01/30 | 5,122,302 | |||||||||||
| 2,000,000 | Air Lease Corp | 4.650 | N/A‡ | 2,092,500 | |||||||||||
| 1,690,000 | g | Airbus SE | 3.150 | 04/10/27 | 1,815,578 | ||||||||||
| 2,000,000 | g | BAE Systems plc | 1.900 | 02/15/31 | 1,917,914 | ||||||||||
| 2,000,000 | g | BOC Aviation Ltd | 3.000 | 09/11/29 | 2,032,177 | ||||||||||
| 10,500,000 | Boeing Co | 2.196 | 02/04/26 | 10,577,404 | |||||||||||
| 2,350,000 | Boeing Co | 2.950 | 02/01/30 | 2,396,066 | |||||||||||
| 2,300,000 | Boeing Co | 3.250 | 02/01/35 | 2,299,788 | |||||||||||
| 10,000,000 | Boeing Co | 5.805 | 05/01/50 | 13,329,703 | |||||||||||
| 875,000 | g | DAE Funding LLC | 1.550 | 08/01/24 | 867,002 | ||||||||||
| 1,325,000 | g | DAE Funding LLC | 3.375 | 03/20/28 | 1,365,686 | ||||||||||
| 2,475,000 | g | Embraer Netherlands Finance BV | 6.950 | 01/17/28 | 2,811,105 | ||||||||||
| 15,000 | General Electric Co | 6.875 | 01/10/39 | 22,355 | |||||||||||
| 3,075,000 | g | H&E Equipment Services, Inc | 3.875 | 12/15/28 | 3,063,008 | ||||||||||
| 1,750,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.800 | 03/21/29 | 1,957,023 | |||||||||||
| 800,000 | L3Harris Technologies, Inc | 3.850 | 06/15/23 | 842,884 | |||||||||||
| 500,000 | g | Land O’ Lakes, Inc | 8.000 | N/A‡ | 538,750 | ||||||||||
| 500,000 | e | Lockheed Martin Corp | 1.850 | 06/15/30 | 497,529 | ||||||||||
| 375,000 | g | Molex Electronic Technologies LLC | 3.900 | 04/15/25 | 393,946 | ||||||||||
| 1,925,000 | Northrop Grumman Corp | 3.250 | 01/15/28 | 2,082,651 | |||||||||||
| 1,400,000 | g | OQ SAOC | 5.125 | 05/06/28 | 1,416,234 | ||||||||||
| 2,625,000 | Parker-Hannifin Corp | 3.250 | 06/14/29 | 2,823,362 | |||||||||||
| 199,000 | Raytheon Technologies Corp | 3.650 | 08/16/23 | 210,201 | |||||||||||
| 4,450,000 | Raytheon Technologies Corp | 4.125 | 11/16/28 | 5,064,927 | |||||||||||
| 2,000,000 | Raytheon Technologies Corp | 2.250 | 07/01/30 | 2,019,530 | |||||||||||
| 1,725,000 | Raytheon Technologies Corp | 4.500 | 06/01/42 | 2,114,283 | |||||||||||
| 325,000 | g | Rolls-Royce plc | 5.750 | 10/15/27 | 359,125 | ||||||||||
| 1,300,000 | Roper Technologies, Inc | 1.400 | 09/15/27 | 1,283,799 | |||||||||||
| 1,000,000 | Roper Technologies, Inc | 2.950 | 09/15/29 | 1,060,720 | |||||||||||
| 4,100,000 | Roper Technologies, Inc | 2.000 | 06/30/30 | 4,014,262 | |||||||||||
| 2,800,000 | g | TSMC Global Ltd | 1.000 | 09/28/27 | 2,683,884 | ||||||||||
| 1,400,000 | g | Tupy Overseas S.A. | 4.500 | 02/16/31 | 1,359,120 | ||||||||||
| 400,000 | g | Univar Solutions USA, Inc | 5.125 | 12/01/27 | 419,980 | ||||||||||
| 715,000 | g | WESCO Distribution, Inc | 7.125 | 06/15/25 | 762,998 | ||||||||||
| 725,000 | g | WESCO Distribution, Inc | 7.250 | 06/15/28 | 802,938 | ||||||||||
| TOTAL CAPITAL GOODS | 85,800,219 | ||||||||||||||
| 256 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.6% | |||||||||||||||||
| $ | 2,125,000 | g | ADT Corp | 4.875 | % | 07/15/32 | $ | 2,143,594 | |||||||||
| 800,000 | g | ASGN, Inc | 4.625 | 05/15/28 | 828,000 | ||||||||||||
| 5,000,000 | BayCare Health System, Inc | 2.560 | 11/15/21 | 5,013,347 | |||||||||||||
| 3,000,000 | BayCare Health System, Inc | 2.610 | 11/15/22 | 3,068,152 | |||||||||||||
| 925,000 | g | Booz Allen Hamilton, Inc | 3.875 | 09/01/28 | 948,236 | ||||||||||||
| 370,000 | g | Booz Allen Hamilton, Inc | 4.000 | 07/01/29 | 379,250 | ||||||||||||
| 2,441,060 | g | British Airways | 3.800 | 09/20/31 | 2,538,787 | ||||||||||||
| 250,000 | g | GFL Environmental, Inc | 4.250 | 06/01/25 | 257,813 | ||||||||||||
| 1,000,000 | g | GFL Environmental, Inc | 3.750 | 08/01/25 | 1,028,750 | ||||||||||||
| 250,000 | g | GFL Environmental, Inc | 5.125 | 12/15/26 | 262,527 | ||||||||||||
| 3,150,000 | g | GFL Environmental, Inc | 3.500 | 09/01/28 | 3,169,688 | ||||||||||||
| 500,000 | IHS Markit Ltd | 4.125 | 08/01/23 | 530,100 | |||||||||||||
| 1,830,000 | IHS Markit Ltd | 4.250 | 05/01/29 | 2,085,505 | |||||||||||||
| 775,000 | g | Prime Security Services Borrower LLC | 5.250 | 04/15/24 | 826,576 | ||||||||||||
| 2,750,000 | g | Prime Security Services Borrower LLC | 5.750 | 04/15/26 | 2,974,841 | ||||||||||||
| 1,200,000 | g | Prime Security Services Borrower LLC | 3.375 | 08/31/27 | 1,151,256 | ||||||||||||
| 2,725,000 | g | Prime Security Services Borrower LLC | 6.250 | 01/15/28 | 2,817,051 | ||||||||||||
| 1,550,000 | Republic Services, Inc | 2.900 | 07/01/26 | 1,649,634 | |||||||||||||
| 200,000 | g | Ritchie Bros Auctioneers, Inc | 5.375 | 01/15/25 | 204,845 | ||||||||||||
| 1,330,000 | Verisk Analytics, Inc | 4.125 | 03/15/29 | 1,510,452 | |||||||||||||
| 325,000 | Verisk Analytics, Inc | 3.625 | 05/15/50 | 345,325 | |||||||||||||
| 325,000 | g | WASH Multifamily Acquisition, Inc | 5.750 | 04/15/26 | 339,373 | ||||||||||||
| 850,000 | Waste Management, Inc | 2.500 | 11/15/50 | 786,307 | |||||||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 34,859,409 | ||||||||||||||||
| CONSUMER DURABLES & APPAREL - 0.2% | |||||||||||||||||
| 400,000 | Leggett & Platt, Inc | 4.400 | 03/15/29 | 454,852 | |||||||||||||
| 5,000,000 | Lennar Corp | 4.750 | 11/29/27 | 5,793,500 | |||||||||||||
| 369,000 | Newell Brands, Inc | 4.875 | 06/01/25 | 407,265 | |||||||||||||
| 5,000,000 | e | PulteGroup, Inc | 5.000 | 01/15/27 | 5,791,850 | ||||||||||||
| TOTAL CONSUMER DURABLES & APPAREL | 12,447,467 | ||||||||||||||||
| CONSUMER SERVICES - 0.6% | |||||||||||||||||
| 8,000,000 | Anheuser-Busch Cos LLC | 3.650 | 02/01/26 | 8,774,574 | |||||||||||||
| 3,095,000 | Anheuser-Busch Cos LLC | 4.900 | 02/01/46 | 3,804,420 | |||||||||||||
| 2,805,000 | g | Carnival Corp | 4.000 | 08/01/28 | 2,833,050 | ||||||||||||
| 1,825,000 | g | Cedar Fair LP | 5.500 | 05/01/25 | 1,895,719 | ||||||||||||
| 2,300,000 | g | ENA Master Trust | 4.000 | 05/19/48 | 2,357,500 | ||||||||||||
| 150,000 | g | Hilton Domestic Operating Co, Inc | 5.375 | 05/01/25 | 156,750 | ||||||||||||
| 150,000 | g | Hilton Domestic Operating Co, Inc | 5.750 | 05/01/28 | 161,550 | ||||||||||||
| 2,200,000 | g | Hilton Domestic Operating Co, Inc | 3.625 | 02/15/32 | 2,167,000 | ||||||||||||
| 2,070,000 | g | International Game Technology plc | 6.500 | 02/15/25 | 2,310,016 | ||||||||||||
| 400,000 | g | International Game Technology plc | 4.125 | 04/15/26 | 415,748 | ||||||||||||
| 2,550,000 | g | Live Nation Entertainment, Inc | 6.500 | 05/15/27 | 2,805,000 | ||||||||||||
| 425,000 | g | Marriott Ownership Resorts, Inc | 4.500 | 06/15/29 | 430,312 | ||||||||||||
| 1,400,000 | g | MGM China Holdings Ltd | 4.750 | 02/01/27 | 1,377,250 | ||||||||||||
| 2,355,000 | i | Nature Conservancy | LIBOR 3 M + 1.080% | 1.206 | 02/01/24 | 2,365,960 | |||||||||||
| 2,745,000 | Northwestern University | 3.812 | 12/01/50 | 3,118,458 | |||||||||||||
| 1,665,000 | e,g | Sands China Ltd | 2.300 | 03/08/27 | 1,610,105 | ||||||||||||
| 325,000 | g | Scientific Games International, Inc | 5.000 | 10/15/25 | 334,344 | ||||||||||||
| 450,000 | g | Wynn Macau Ltd | 5.625 | 08/26/28 | 428,372 | ||||||||||||
| TOTAL CONSUMER SERVICES | 37,346,128 | ||||||||||||||||
| 257 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| DIVERSIFIED FINANCIALS - 5.2% | |||||||||||||||
| $ | 2,000,000 | AerCap Ireland Capital DAC | 4.625 | % | 07/01/22 | $ | 2,059,597 | ||||||||
| 2,150,000 | AerCap Ireland Capital DAC | 1.750 | 01/30/26 | 2,128,037 | |||||||||||
| 900,000 | AerCap Ireland Capital DAC | 3.650 | 07/21/27 | 956,004 | |||||||||||
| 3,000,000 | AerCap Ireland Capital DAC | 4.625 | 10/15/27 | 3,344,978 | |||||||||||
| 6,000,000 | Ally Financial, Inc | 4.700 | N/A‡ | 6,245,100 | |||||||||||
| 3,200,000 | American Express Co | 2.500 | 08/01/22 | 3,255,449 | |||||||||||
| 2,312,000 | American Express Co | 3.700 | 08/03/23 | 2,445,068 | |||||||||||
| 5,250,000 | American Express Co | 3.550 | N/A‡ | 5,348,962 | |||||||||||
| 3,000,000 | g | B3 S.A.-Brasil Bolsa Balcao | 4.125 | 09/20/31 | 2,939,250 | ||||||||||
| 1,000,000 | g | Banco BTG Pactual S.A. | 4.500 | 01/10/25 | 1,027,510 | ||||||||||
| 4,000,000 | g | Banco BTG Pactual S.A. | 2.750 | 01/11/26 | 3,885,000 | ||||||||||
| 1,380,000 | g | Banco Mercantil del Norte S.A. | 6.750 | N/A‡ | 1,455,900 | ||||||||||
| 6,300,000 | Bank of New York Mellon Corp | 4.700 | N/A‡ | 6,914,250 | |||||||||||
| 2,850,000 | g | BBVA Bancomer S.A. | 5.125 | 01/18/33 | 2,971,125 | ||||||||||
| 1,200,000 | Berkshire Hathaway, Inc | 3.125 | 03/15/26 | 1,302,325 | |||||||||||
| 1,800,000 | g | BNP Paribas S.A. | 2.159 | 09/15/29 | 1,782,960 | ||||||||||
| 1,800,000 | g | BPCE S.A. | 4.625 | 07/11/24 | 1,959,636 | ||||||||||
| 2,825,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 2,938,232 | |||||||||||
| 1,055,000 | Capital One Financial Corp | 3.750 | 03/09/27 | 1,167,175 | |||||||||||
| 4,740,000 | Capital One Financial Corp | 3.950 | N/A‡ | 4,882,200 | |||||||||||
| 5,000,000 | Charles Schwab Corp | 4.000 | N/A‡ | 5,212,500 | |||||||||||
| 6,675,000 | Charles Schwab Corp | 5.375 | N/A‡ | 7,417,594 | |||||||||||
| 600,000 | g | Compass Group Diversified Holdings LLC | 5.250 | 04/15/29 | 627,750 | ||||||||||
| 2,500,000 | g | Credit Suisse Group AG. | 2.997 | 12/14/23 | 2,567,438 | ||||||||||
| 475,000 | g | Credit Suisse Group AG. | 2.193 | 06/05/26 | 483,915 | ||||||||||
| 5,900,000 | g | Credit Suisse Group AG. | 1.305 | 02/02/27 | 5,766,063 | ||||||||||
| 625,000 | g | Credit Suisse Group AG. | 3.091 | 05/14/32 | 639,079 | ||||||||||
| 5,335,000 | g | Credit Suisse Group AG. | 5.250 | N/A‡ | 5,581,744 | ||||||||||
| 4,075,000 | Credit Suisse Group Funding Guernsey Ltd | 3.800 | 06/09/23 | 4,293,316 | |||||||||||
| 2,325,000 | Credit Suisse Group Funding Guernsey Ltd | 3.750 | 03/26/25 | 2,507,412 | |||||||||||
| 4,000,000 | Deutsche Bank AG. | 3.035 | 05/28/32 | 4,058,433 | |||||||||||
| 5,800,000 | Deutsche Bank AG. | 4.789 | N/A‡ | 5,846,980 | |||||||||||
| 4,150,000 | Deutsche Bank AG. | 6.000 | N/A‡ | 4,367,875 | |||||||||||
| 8,400,000 | Discover Financial Services | 6.125 | N/A‡ | 9,426,648 | |||||||||||
| 4,550,000 | Equitable Holdings, Inc | 4.950 | N/A‡ | 4,936,750 | |||||||||||
| 1,775,000 | Ford Motor Credit Co LLC | 3.096 | 05/04/23 | 1,803,844 | |||||||||||
| 1,140,000 | Ford Motor Credit Co LLC | 5.584 | 03/18/24 | 1,225,318 | |||||||||||
| 1,400,000 | Ford Motor Credit Co LLC | 4.000 | 11/13/30 | 1,456,000 | |||||||||||
| 1,775,000 | GE Capital International Funding Co | 3.373 | 11/15/25 | 1,923,863 | |||||||||||
| 18,225,000 | GE Capital International Funding Co | 4.418 | 11/15/35 | 21,870,953 | |||||||||||
| 2,000,000 | General Motors Financial Co, Inc | 2.750 | 06/20/25 | 2,091,001 | |||||||||||
| 1,800,000 | General Motors Financial Co, Inc | 5.650 | 01/17/29 | 2,166,298 | |||||||||||
| 3,000,000 | General Motors Financial Co, Inc | 2.350 | 01/08/31 | 2,938,371 | |||||||||||
| 8,225,000 | General Motors Financial Co, Inc | 2.700 | 06/10/31 | 8,199,828 | |||||||||||
| 4,550,000 | General Motors Financial Co, Inc | 5.700 | N/A‡ | 5,238,187 | |||||||||||
| 2,000,000 | General Motors Financial Co, Inc | 5.750 | N/A‡ | 2,184,920 | |||||||||||
| 1,250,000 | Goldman Sachs Group, Inc | 4.000 | 03/03/24 | 1,346,543 | |||||||||||
| 500,000 | Goldman Sachs Group, Inc | 3.500 | 01/23/25 | 535,566 | |||||||||||
| 550,000 | Goldman Sachs Group, Inc | 3.500 | 04/01/25 | 591,307 | |||||||||||
| 6,975,000 | Goldman Sachs Group, Inc | 1.431 | 03/09/27 | 6,955,819 | |||||||||||
| 8,625,000 | Goldman Sachs Group, Inc | 3.691 | 06/05/28 | 9,493,814 | |||||||||||
| 258 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,300,000 | Goldman Sachs Group, Inc | 4.017 | % | 10/31/38 | $ | 1,493,999 | ||||||||||
| 1,625,000 | Goldman Sachs Group, Inc | 3.210 | 04/22/42 | 1,679,827 | |||||||||||||
| 1,500,000 | Goldman Sachs Group, Inc | 2.908 | 07/21/42 | 1,478,928 | |||||||||||||
| 1,425,000 | Goldman Sachs Group, Inc | 4.800 | 07/08/44 | 1,822,673 | |||||||||||||
| 2,500,000 | Goldman Sachs Group, Inc | 3.800 | N/A‡ | 2,559,375 | |||||||||||||
| 8,050,000 | Goldman Sachs Group, Inc | 5.500 | N/A‡ | 8,694,000 | |||||||||||||
| 2,500,000 | Goldman Sachs Group, Inc | 4.950 | N/A‡ | 2,650,000 | |||||||||||||
| 2,000,000 | g | High Street Funding Trust I | 4.111 | 02/15/28 | 2,242,196 | ||||||||||||
| 925,000 | Icahn Enterprises LP | 5.250 | 05/15/27 | 959,687 | |||||||||||||
| 3,850,000 | Icahn Enterprises LP | 4.375 | 02/01/29 | 3,845,187 | |||||||||||||
| 5,000,000 | g | Indian Railway Finance Corp Ltd | 2.800 | 02/10/31 | 4,822,707 | ||||||||||||
| 2,000,000 | International Lease Finance Corp | 5.875 | 08/15/22 | 2,091,788 | |||||||||||||
| 800,000 | g | LCM Investments Holdings II LLC | 4.875 | 05/01/29 | 820,856 | ||||||||||||
| 425,000 | Legg Mason, Inc | 3.950 | 07/15/24 | 461,348 | |||||||||||||
| 3,425,000 | g | LPL Holdings, Inc | 4.000 | 03/15/29 | 3,517,989 | ||||||||||||
| 4,000,000 | g | Macquarie Bank, London | 6.125 | N/A‡ | 4,384,000 | ||||||||||||
| 1,400,000 | g | Minejesa Capital BV | 4.625 | 08/10/30 | 1,439,704 | ||||||||||||
| 1,000,000 | g | Minejesa Capital BV | 5.625 | 08/10/37 | 1,056,500 | ||||||||||||
| 6,550,000 | Morgan Stanley | 3.125 | 01/23/23 | 6,779,121 | |||||||||||||
| 3,445,000 | Morgan Stanley | 2.720 | 07/22/25 | 3,609,758 | |||||||||||||
| 6,300,000 | Morgan Stanley | 2.188 | 04/28/26 | 6,504,773 | |||||||||||||
| 7,925,000 | Morgan Stanley | 3.125 | 07/27/26 | 8,529,534 | |||||||||||||
| 1,480,000 | Morgan Stanley | 3.950 | 04/23/27 | 1,645,919 | |||||||||||||
| 1,850,000 | Morgan Stanley | 2.699 | 01/22/31 | 1,907,522 | |||||||||||||
| 1,325,000 | Morgan Stanley | 1.928 | 04/28/32 | 1,270,722 | |||||||||||||
| 1,775,000 | Morgan Stanley | 2.239 | 07/21/32 | 1,744,447 | |||||||||||||
| 1,140,000 | Northern Trust Corp | 3.950 | 10/30/25 | 1,272,896 | |||||||||||||
| 1,345,000 | OneMain Finance Corp | 3.500 | 01/15/27 | 1,345,605 | |||||||||||||
| 2,375,000 | g | Power Finance Corp Ltd | 3.950 | 04/23/30 | 2,425,659 | ||||||||||||
| 615,000 | g | Quicken Loans, Inc | 5.250 | 01/15/28 | 662,662 | ||||||||||||
| 2,000,000 | g | REC Ltd | 4.750 | 05/19/23 | 2,100,328 | ||||||||||||
| 5,000,000 | g,i | Sanders Re Ltd | LIBOR 6 M + 2.930% | 2.930 | 12/06/21 | 5,007,000 | |||||||||||
| 1,000,000 | g,i | Sanders Re Ltd | U.S. Treasury Bill 3 M + 5.500% | 5.533 | 04/07/22 | 800,000 | |||||||||||
| 1,000,000 | SLM Corp | 5.500 | 01/25/23 | 1,045,000 | |||||||||||||
| 1,100,000 | g | Societe Generale S.A. | 2.889 | 06/09/32 | 1,106,226 | ||||||||||||
| 1,225,000 | g | Societe Generale S.A. | 4.750 | N/A‡ | 1,251,803 | ||||||||||||
| 600,000 | Springleaf Finance Corp | 6.125 | 03/15/24 | 641,100 | |||||||||||||
| 1,350,000 | Springleaf Finance Corp | 5.375 | 11/15/29 | 1,463,198 | |||||||||||||
| 700,000 | g | Swiss Re Finance Luxembourg SA | 5.000 | 04/02/49 | 803,214 | ||||||||||||
| 55,000 | Synchrony Financial | 2.850 | 07/25/22 | 55,999 | |||||||||||||
| 1,225,000 | Synchrony Financial | 4.375 | 03/19/24 | 1,321,958 | |||||||||||||
| 1,775,000 | Synchrony Financial | 4.250 | 08/15/24 | 1,918,075 | |||||||||||||
| 1,875,000 | g | UBS Group AG | 2.859 | 08/15/23 | 1,914,484 | ||||||||||||
| 2,500,000 | g | UBS Group AG | 7.000 | N/A‡ | 2,727,400 | ||||||||||||
| 350,000 | Voya Financial, Inc | 5.700 | 07/15/43 | 481,729 | |||||||||||||
| 925,000 | Voya Financial, Inc | 6.125 | N/A‡ | 988,918 | |||||||||||||
| TOTAL DIVERSIFIED FINANCIALS | 300,109,701 | ||||||||||||||||
| ENERGY - 4.5% | |||||||||||||||||
| 1,450,000 | g | Abu Dhabi Crude Oil Pipeline LLC | 4.600 | 11/02/47 | 1,709,405 | ||||||||||||
| 400,000 | AmeriGas Partners LP | 5.875 | 08/20/26 | 452,000 | |||||||||||||
| 3,950,000 | g | Archrock Partners LP | 6.875 | 04/01/27 | 4,147,500 | ||||||||||||
| 375,000 | g | Archrock Partners LP | 6.250 | 04/01/28 | 387,834 | ||||||||||||
| 259 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 2,000,000 | Calumet Specialty Products Partners LP | 7.750 | % | 04/15/23 | $ | 1,982,500 | ||||||||
| 5,150,000 | Cenovus Energy, Inc | 4.250 | 04/15/27 | 5,724,252 | |||||||||||
| 550,000 | Cenovus Energy, Inc | 2.650 | 01/15/32 | 539,603 | |||||||||||
| 2,000,000 | Cenovus Energy, Inc | 5.400 | 06/15/47 | 2,453,718 | |||||||||||
| 2,205,000 | g | Cheniere Energy Partners LP | 3.250 | 01/31/32 | 2,212,276 | ||||||||||
| 3,300,000 | Chevron Corp | 1.554 | 05/11/25 | 3,374,019 | |||||||||||
| 257,900 | †,o | Cloud Peak Energy, Inc | 12.000 | 05/01/25 | 174,049 | ||||||||||
| 2,500,000 | g | ConocoPhillips | 2.400 | 02/15/31 | 2,542,298 | ||||||||||
| 45,000 | ConocoPhillips Co | 6.500 | 02/01/39 | 65,619 | |||||||||||
| 3,125,000 | g | Cosan Ltd | 5.500 | 09/20/29 | 3,302,656 | ||||||||||
| 2,325,000 | Crestwood Midstream Partners LP | 5.750 | 04/01/25 | 2,374,406 | |||||||||||
| 2,975,000 | Diamondback Energy, Inc | 2.875 | 12/01/24 | 3,123,754 | |||||||||||
| 2,125,000 | Diamondback Energy, Inc | 3.250 | 12/01/26 | 2,275,555 | |||||||||||
| 3,000,000 | Diamondback Energy, Inc | 3.500 | 12/01/29 | 3,208,310 | |||||||||||
| 2,200,000 | Diamondback Energy, Inc | 3.125 | 03/24/31 | 2,284,406 | |||||||||||
| 1,790,000 | g | DT Midstream, Inc | 4.125 | 06/15/29 | 1,815,167 | ||||||||||
| 1,490,000 | g | DT Midstream, Inc | 4.375 | 06/15/31 | 1,534,700 | ||||||||||
| 2,300,000 | Ecopetrol S.A. | 6.875 | 04/29/30 | 2,692,150 | |||||||||||
| 4,175,000 | g | Empresa Nacional del Petroleo | 3.450 | 09/16/31 | 4,099,850 | ||||||||||
| 5,650,000 | Enbridge, Inc | 3.125 | 11/15/29 | 6,026,136 | |||||||||||
| 2,340,000 | Enbridge, Inc | 5.750 | 07/15/80 | 2,644,083 | |||||||||||
| 1,141,000 | g | Energean Israel Finance Ltd | 4.875 | 03/30/26 | 1,169,575 | ||||||||||
| 897,000 | g | Energean Israel Finance Ltd | 5.375 | 03/30/28 | 917,193 | ||||||||||
| 4,200,000 | Energy Transfer LP | 6.500 | N/A‡ | 4,373,754 | |||||||||||
| 1,375,000 | Energy Transfer Operating LP | 2.900 | 05/15/25 | 1,441,264 | |||||||||||
| 950,000 | Energy Transfer Operating LP | 4.750 | 01/15/26 | 1,061,757 | |||||||||||
| 575,000 | Energy Transfer Operating LP | 5.500 | 06/01/27 | 674,665 | |||||||||||
| 2,000,000 | Energy Transfer Operating LP | 4.950 | 06/15/28 | 2,294,720 | |||||||||||
| 575,000 | Energy Transfer Operating LP | 5.250 | 04/15/29 | 673,998 | |||||||||||
| 2,100,000 | Energy Transfer Operating LP | 6.250 | 04/15/49 | 2,759,422 | |||||||||||
| 2,700,000 | Energy Transfer Operating LP | 5.000 | 05/15/50 | 3,115,054 | |||||||||||
| 525,000 | g | EnLink Midstream LLC | 5.625 | 01/15/28 | 558,988 | ||||||||||
| 1,025,000 | Enterprise Products Operating LLC | 3.700 | 02/15/26 | 1,125,070 | |||||||||||
| 1,550,000 | Enterprise Products Operating LLC | 3.125 | 07/31/29 | 1,664,678 | |||||||||||
| 200,000 | Enterprise Products Operating LLC | 2.800 | 01/31/30 | 208,963 | |||||||||||
| 1,025,000 | Enterprise Products Operating LLC | 4.250 | 02/15/48 | 1,160,980 | |||||||||||
| 2,105,000 | Enterprise Products Operating LLC | 4.200 | 01/31/50 | 2,371,369 | |||||||||||
| 3,125,000 | Enterprise Products Operating LLC | 3.700 | 01/31/51 | 3,305,611 | |||||||||||
| 2,050,000 | Enterprise Products Operating LLC | 3.300 | 02/15/53 | 1,999,247 | |||||||||||
| 1,225,000 | g | EQM Midstream Partners LP | 6.000 | 07/01/25 | 1,342,845 | ||||||||||
| 2,000,000 | g | EQM Midstream Partners LP | 4.500 | 01/15/29 | 2,075,000 | ||||||||||
| 850,000 | g | EQT Corp | 3.125 | 05/15/26 | 871,352 | ||||||||||
| 2,025,000 | g | Ferrellgas Escrow LLC | 5.375 | 04/01/26 | 1,979,225 | ||||||||||
| 2,225,000 | g | Ferrellgas Escrow LLC | 5.875 | 04/01/29 | 2,158,250 | ||||||||||
| 3,333,000 | g | Galaxy Pipeline Assets Bidco Ltd | 2.160 | 03/31/34 | 3,272,385 | ||||||||||
| 2,750,000 | g | Galaxy Pipeline Assets Bidco Ltd | 2.625 | 03/31/36 | 2,703,634 | ||||||||||
| 675,000 | Genesis Energy LP | 6.500 | 10/01/25 | 671,625 | |||||||||||
| 3,750,000 | Genesis Energy LP | 6.250 | 05/15/26 | 3,682,012 | |||||||||||
| 450,000 | g | Hilcorp Energy I LP | 5.750 | 02/01/29 | 462,375 | ||||||||||
| 450,000 | g | Hilcorp Energy I LP | 6.000 | 02/01/31 | 462,375 | ||||||||||
| 2,000,000 | e,g | Indika Energy Capital IV Pte Ltd | 8.250 | 10/22/25 | 2,080,000 | ||||||||||
| 1,700,000 | g | KazMunayGas National Co JSC | 5.375 | 04/24/30 | 2,005,876 | ||||||||||
| 2,000,000 | g | KazMunayGas National Co JSC | 3.500 | 04/14/33 | 2,059,590 | ||||||||||
| 260 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 940,000 | Kinder Morgan Energy Partners LP | 5.400 | % | 09/01/44 | $ | 1,166,212 | ||||||||
| 1,000,000 | Kinder Morgan, Inc | 3.450 | 02/15/23 | 1,034,203 | |||||||||||
| 400,000 | Kinder Morgan, Inc | 5.300 | 12/01/34 | 493,668 | |||||||||||
| 2,025,000 | g | Leviathan Bond Ltd | 6.125 | 06/30/25 | 2,196,087 | ||||||||||
| 1,500,000 | g | Leviathan Bond Ltd | 6.500 | 06/30/27 | 1,645,320 | ||||||||||
| 4,650,000 | Magellan Midstream Partners LP | 3.250 | 06/01/30 | 4,970,611 | |||||||||||
| 2,200,000 | Marathon Petroleum Corp | 3.800 | 04/01/28 | 2,411,023 | |||||||||||
| 4,150,000 | Marathon Petroleum Corp | 4.750 | 09/15/44 | 4,853,838 | |||||||||||
| 1,650,000 | Marathon Petroleum Corp | 5.000 | 09/15/54 | 1,966,596 | |||||||||||
| 2,000,000 | g | Medco Oak Tree Pte Ltd | 7.375 | 05/14/26 | 2,125,000 | ||||||||||
| 2,625,000 | MPLX LP | 1.750 | 03/01/26 | 2,641,164 | |||||||||||
| 7,275,000 | MPLX LP | 2.650 | 08/15/30 | 7,299,972 | |||||||||||
| 1,550,000 | MPLX LP | 4.700 | 04/15/48 | 1,789,585 | |||||||||||
| 1,617,000 | Murphy Oil Corp | 5.875 | 12/01/27 | 1,682,893 | |||||||||||
| 140,672 | † | Navajo Transitional Energy Co LLC | 9.000 | 10/24/24 | 91,437 | ||||||||||
| 1,400,000 | NuStar Logistics LP | 5.750 | 10/01/25 | 1,508,500 | |||||||||||
| 325,000 | Occidental Petroleum Corp | 5.500 | 12/01/25 | 359,937 | |||||||||||
| 800,000 | Occidental Petroleum Corp | 5.550 | 03/15/26 | 888,000 | |||||||||||
| 2,375,000 | Occidental Petroleum Corp | 3.500 | 08/15/29 | 2,415,660 | |||||||||||
| 1,200,000 | Occidental Petroleum Corp | 4.300 | 08/15/39 | 1,183,536 | |||||||||||
| 475,000 | Occidental Petroleum Corp | 4.100 | 02/15/47 | 451,677 | |||||||||||
| 950,000 | g | Oleoducto Central S.A. | 4.000 | 07/14/27 | 978,500 | ||||||||||
| 1,100,000 | ONEOK, Inc | 4.000 | 07/13/27 | 1,219,120 | |||||||||||
| 4,150,000 | ONEOK, Inc | 4.550 | 07/15/28 | 4,709,158 | |||||||||||
| 3,050,000 | ONEOK, Inc | 4.350 | 03/15/29 | 3,441,630 | |||||||||||
| 1,650,000 | ONEOK, Inc | 4.500 | 03/15/50 | 1,829,446 | |||||||||||
| 2,000,000 | g | Parkland Corp | 4.500 | 10/01/29 | 2,027,200 | ||||||||||
| 5,000,000 | g | Pertamina Persero PT | 1.400 | 02/09/26 | 4,892,449 | ||||||||||
| 850,000 | g | Pertamina Persero PT | 3.650 | 07/30/29 | 909,694 | ||||||||||
| 3,000,000 | g | Pertamina Persero PT | 2.300 | 02/09/31 | 2,861,777 | ||||||||||
| 1,200,000 | g | Peru LNG Srl | 5.375 | 03/22/30 | 972,000 | ||||||||||
| 800,000 | Petrobras Global Finance BV | 5.093 | 01/15/30 | 845,824 | |||||||||||
| 1,500,000 | Petrobras Global Finance BV | 5.600 | 01/03/31 | 1,628,250 | |||||||||||
| 2,000,000 | Petrobras Global Finance BV | 6.900 | 03/19/49 | 2,227,320 | |||||||||||
| 5,000,000 | Petroleos Mexicanos | 4.500 | 01/23/26 | 5,028,500 | |||||||||||
| 2,800,000 | Petroleos Mexicanos | 6.500 | 03/13/27 | 2,957,108 | |||||||||||
| 1,992,000 | Petroleos Mexicanos | 7.000 | 01/23/30 | 2,057,517 | |||||||||||
| 2,700,000 | Petroleos Mexicanos | 5.950 | 01/28/31 | 2,617,380 | |||||||||||
| 1,475,000 | g | Petronas Energy Canada Ltd | 2.112 | 03/23/28 | 1,480,542 | ||||||||||
| 2,700,000 | Phillips 66 | 2.150 | 12/15/30 | 2,634,125 | |||||||||||
| 625,000 | Phillips 66 Partners LP | 3.150 | 12/15/29 | 653,227 | |||||||||||
| 1,025,000 | Phillips 66 Partners LP | 4.680 | 02/15/45 | 1,178,697 | |||||||||||
| 925,000 | g | PTTEP Treasury Center Co Ltd | 2.587 | 06/10/27 | 957,014 | ||||||||||
| 475,000 | Regency Energy Partners LP | 4.500 | 11/01/23 | 505,422 | |||||||||||
| 705,000 | Sabine Pass Liquefaction LLC | 5.875 | 06/30/26 | 829,713 | |||||||||||
| 3,950,000 | Sabine Pass Liquefaction LLC | 4.200 | 03/15/28 | 4,410,163 | |||||||||||
| 5,800,000 | Sabine Pass Liquefaction LLC | 4.500 | 05/15/30 | 6,685,138 | |||||||||||
| 1,275,000 | g | Santos Finance Ltd | 3.649 | 04/29/31 | 1,298,411 | ||||||||||
| 2,675,000 | g | Saudi Arabian Oil Co | 2.250 | 11/24/30 | 2,619,740 | ||||||||||
| 1,300,000 | Shell International Finance BV | 2.875 | 05/10/26 | 1,400,823 | |||||||||||
| 1,350,000 | Shell International Finance BV | 3.125 | 11/07/49 | 1,396,985 | |||||||||||
| 2,000,000 | g | SierraCol Energy Andina LLC | 6.000 | 06/15/28 | 1,955,400 | ||||||||||
| 705,000 | Suncor Energy, Inc | 6.800 | 05/15/38 | 997,099 | |||||||||||
| 1,400,000 | Sunoco Logistics Partners Operations LP | 4.000 | 10/01/27 | 1,544,567 | |||||||||||
| 261 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 600,000 | Sunoco Logistics Partners Operations LP | 5.400 | % | 10/01/47 | $ | 714,969 | ||||||||
| 1,150,000 | Sunoco LP | 4.500 | 05/15/29 | 1,166,409 | |||||||||||
| 550,000 | g | Superior Plus LP | 4.500 | 03/15/29 | 567,875 | ||||||||||
| 525,000 | Targa Resources Partners LP | 6.500 | 07/15/27 | 566,071 | |||||||||||
| 1,000,000 | g | Targa Resources Partners LP | 4.000 | 01/15/32 | 1,033,450 | ||||||||||
| 2,000,000 | g | Thaioil Treasury Center Co Ltd | 2.500 | 06/18/30 | 1,889,580 | ||||||||||
| 3,300,000 | Total Capital International S.A. | 3.127 | 05/29/50 | 3,318,102 | |||||||||||
| 5,200,000 | TransCanada PipeLines Ltd | 4.250 | 05/15/28 | 5,920,001 | |||||||||||
| 2,000,000 | Transcanada Trust | 5.500 | 09/15/79 | 2,205,000 | |||||||||||
| 2,800,000 | g | Tullow Oil plc | 10.250 | 05/15/26 | 2,923,928 | ||||||||||
| 1,600,000 | USA Compression Partners LP | 6.875 | 04/01/26 | 1,665,923 | |||||||||||
| 1,075,000 | USA Compression Partners LP | 6.875 | 09/01/27 | 1,137,995 | |||||||||||
| 5,000,000 | Williams Cos, Inc | 2.600 | 03/15/31 | 5,067,495 | |||||||||||
| 2,100,000 | g | YPF S.A. | 6.950 | 07/21/27 | 1,548,750 | ||||||||||
| TOTAL ENERGY | 262,499,504 | ||||||||||||||
| FOOD & STAPLES RETAILING - 0.2% | |||||||||||||||
| 2,350,000 | Costco Wholesale Corp | 1.600 | 04/20/30 | 2,296,392 | |||||||||||
| 750,000 | Costco Wholesale Corp | 1.750 | 04/20/32 | 735,378 | |||||||||||
| 1,150,000 | Kroger Co | 3.700 | 08/01/27 | 1,273,075 | |||||||||||
| 1,800,000 | Kroger Co | 3.875 | 10/15/46 | 1,990,578 | |||||||||||
| 325,000 | Kroger Co | 4.450 | 02/01/47 | 388,542 | |||||||||||
| 2,500,000 | g | MARB BondCo plc | 3.950 | 01/29/31 | 2,388,175 | ||||||||||
| 675,000 | SYSCO Corp | 3.300 | 07/15/26 | 729,144 | |||||||||||
| 280,000 | Walmart, Inc | 2.375 | 09/24/29 | 296,266 | |||||||||||
| TOTAL FOOD & STAPLES RETAILING | 10,097,550 | ||||||||||||||
| FOOD, BEVERAGE & TOBACCO - 1.6% | |||||||||||||||
| 600,000 | Altria Group, Inc | 3.400 | 05/06/30 | 634,915 | |||||||||||
| 625,000 | Altria Group, Inc | 2.450 | 02/04/32 | 598,894 | |||||||||||
| 1,400,000 | Altria Group, Inc | 5.950 | 02/14/49 | 1,773,058 | |||||||||||
| 3,000,000 | g | Amaggi Luxembourg International Sarl | 5.250 | 01/28/28 | 3,078,000 | ||||||||||
| 5,580,000 | Anheuser-Busch InBev Worldwide, Inc | 4.750 | 01/23/29 | 6,569,208 | |||||||||||
| 2,160,000 | Anheuser-Busch InBev Worldwide, Inc | 4.439 | 10/06/48 | 2,526,989 | |||||||||||
| 1,850,000 | BAT Capital Corp | 2.259 | 03/25/28 | 1,836,170 | |||||||||||
| 4,900,000 | BAT Capital Corp | 4.906 | 04/02/30 | 5,610,549 | |||||||||||
| 7,450,000 | BAT Capital Corp | 2.726 | 03/25/31 | 7,336,505 | |||||||||||
| 4,100,000 | BAT Capital Corp | 3.984 | 09/25/50 | 3,943,951 | |||||||||||
| 1,725,000 | g | Bidvest Group Ltd | 3.625 | 09/23/26 | 1,723,292 | ||||||||||
| 400,000 | g | BRF S.A. | 4.875 | 01/24/30 | 400,500 | ||||||||||
| 3,000,000 | g | BRF S.A. | 5.750 | 09/21/50 | 2,876,100 | ||||||||||
| 450,000 | Constellation Brands, Inc | 4.400 | 11/15/25 | 503,935 | |||||||||||
| 450,000 | Constellation Brands, Inc | 3.700 | 12/06/26 | 495,585 | |||||||||||
| 1,625,000 | Constellation Brands, Inc | 3.150 | 08/01/29 | 1,737,707 | |||||||||||
| 2,350,000 | Constellation Brands, Inc | 2.875 | 05/01/30 | 2,444,572 | |||||||||||
| 1,700,000 | Constellation Brands, Inc | 2.250 | 08/01/31 | 1,672,759 | |||||||||||
| 1,800,000 | g | Corp Lindley S.A. | 4.625 | 04/12/23 | 1,833,768 | ||||||||||
| 1,650,000 | Diageo Capital plc | 2.125 | 10/24/24 | 1,719,692 | |||||||||||
| 2,425,000 | Diageo Capital plc | 2.375 | 10/24/29 | 2,496,639 | |||||||||||
| 1,150,000 | Diageo Capital plc | 2.000 | 04/29/30 | 1,145,541 | |||||||||||
| 1,675,000 | g | Embotelladora Andina S.A. | 3.950 | 01/21/50 | 1,769,235 | ||||||||||
| 925,000 | General Mills, Inc | 2.875 | 04/15/30 | 972,213 | |||||||||||
| 2,000,000 | g | Grupo Bimbo SAB de C.V. | 4.700 | 11/10/47 | 2,366,260 | ||||||||||
| 262 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 1,800,000 | g | Grupo Bimbo SAB de C.V. | 5.950 | % | N/A‡ | $ | 1,883,268 | |||||||
| 1,525,000 | J M Smucker Co | 2.125 | 03/15/32 | 1,488,595 | |||||||||||
| 1,450,000 | g | Kernel Holding S.A. | 6.500 | 10/17/24 | 1,530,218 | ||||||||||
| 2,500,000 | g | Kernel Holding S.A. | 6.750 | 10/27/27 | 2,662,821 | ||||||||||
| 6,150,000 | Kraft Heinz Foods Co | 3.875 | 05/15/27 | 6,715,263 | |||||||||||
| 875,000 | Kraft Heinz Foods Co | 4.250 | 03/01/31 | 989,206 | |||||||||||
| 975,000 | g | Lamb Weston Holdings, Inc | 4.875 | 11/01/26 | 998,907 | ||||||||||
| 2,000,000 | g | NBM US Holdings, Inc | 6.625 | 08/06/29 | 2,196,020 | ||||||||||
| 100,000 | Philip Morris International, Inc | 6.375 | 05/16/38 | 140,260 | |||||||||||
| 3,100,000 | g | Post Holdings, Inc | 4.625 | 04/15/30 | 3,123,963 | ||||||||||
| 1,500,000 | g | Primo Water Holdings, Inc | 4.375 | 04/30/29 | 1,496,025 | ||||||||||
| 2,250,000 | g | Sigma Alimentos S.A. de C.V. | 4.125 | 05/02/26 | 2,457,067 | ||||||||||
| 5,325,000 | g | Ulker Biskuvi Sanayi AS. | 6.950 | 10/30/25 | 5,644,076 | ||||||||||
| TOTAL FOOD, BEVERAGE & TOBACCO | 89,391,726 | ||||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES - 1.9% | |||||||||||||||
| 450,000 | Abbott Laboratories | 5.300 | 05/27/40 | 615,119 | |||||||||||
| 2,750,000 | Anthem, Inc | 2.250 | 05/15/30 | 2,759,535 | |||||||||||
| 1,450,000 | Anthem, Inc | 2.550 | 03/15/31 | 1,490,271 | |||||||||||
| 2,200,000 | Becton Dickinson & Co | 2.823 | 05/20/30 | 2,305,206 | |||||||||||
| 1,200,000 | Boston Scientific Corp | 2.650 | 06/01/30 | 1,238,361 | |||||||||||
| 1,640,000 | Centene Corp | 2.450 | 07/15/28 | 1,648,200 | |||||||||||
| 1,150,000 | Centene Corp | 4.625 | 12/15/29 | 1,253,270 | |||||||||||
| 6,410,000 | Centene Corp | 3.000 | 10/15/30 | 6,570,250 | |||||||||||
| 2,750,000 | g | CHS/Community Health Systems, Inc | 8.000 | 03/15/26 | 2,916,306 | ||||||||||
| 1,600,000 | Cigna Corp | 2.400 | 03/15/30 | 1,626,544 | |||||||||||
| 1,525,000 | Cigna Corp | 3.200 | 03/15/40 | 1,570,441 | |||||||||||
| 3,650,000 | CVS Health Corp | 3.625 | 04/01/27 | 4,019,755 | |||||||||||
| 7,450,000 | CVS Health Corp | 1.750 | 08/21/30 | 7,140,940 | |||||||||||
| 5,175,000 | CVS Health Corp | 4.780 | 03/25/38 | 6,345,286 | |||||||||||
| 1,400,000 | CVS Health Corp | 2.700 | 08/21/40 | 1,335,937 | |||||||||||
| 4,925,000 | CVS Health Corp | 5.050 | 03/25/48 | 6,339,471 | |||||||||||
| 3,100,000 | g | DaVita, Inc | 4.625 | 06/01/30 | 3,188,693 | ||||||||||
| 3,950,000 | g | DaVita, Inc | 3.750 | 02/15/31 | 3,846,312 | ||||||||||
| 5,400,000 | Encompass Health Corp | 4.500 | 02/01/28 | 5,575,500 | |||||||||||
| 9,000,000 | HCA, Inc | 3.500 | 09/01/30 | 9,534,510 | |||||||||||
| 1,320,000 | HCA, Inc | 5.500 | 06/15/47 | 1,711,717 | |||||||||||
| 3,500,000 | g | Hologic, Inc | 3.250 | 02/15/29 | 3,501,663 | ||||||||||
| 1,800,000 | Humana, Inc | 3.950 | 03/15/27 | 2,008,140 | |||||||||||
| 2,000,000 | Humana, Inc | 2.150 | 02/03/32 | 1,953,745 | |||||||||||
| 990,000 | g | LifePoint Health, Inc | 4.375 | 02/15/27 | 987,525 | ||||||||||
| 1,135,000 | g,h | Mozart Debt Merger Sub, Inc | 3.875 | 04/01/29 | 1,135,000 | ||||||||||
| 275,000 | g,h | Mozart Debt Merger Sub, Inc | 5.250 | 10/01/29 | 275,000 | ||||||||||
| 1,850,000 | g | MPH Acquisition Holdings LLC | 5.500 | 09/01/28 | 1,844,913 | ||||||||||
| 1,850,000 | e,g | MPH Acquisition Holdings LLC | 5.750 | 11/01/28 | 1,742,663 | ||||||||||
| 3,375,000 | MPT Operating Partnership LP | 3.500 | 03/15/31 | 3,442,500 | |||||||||||
| 2,553,000 | Tenet Healthcare Corp | 4.625 | 07/15/24 | 2,591,295 | |||||||||||
| 375,000 | g | Tenet Healthcare Corp | 4.625 | 06/15/28 | 388,560 | ||||||||||
| 3,400,000 | g | Tenet Healthcare Corp | 6.125 | 10/01/28 | 3,571,615 | ||||||||||
| 2,650,000 | UnitedHealth Group, Inc | 2.950 | 10/15/27 | 2,877,845 | |||||||||||
| 3,625,000 | UnitedHealth Group, Inc | 2.300 | 05/15/31 | 3,698,556 | |||||||||||
| 70,000 | UnitedHealth Group, Inc | 4.750 | 07/15/45 | 91,744 | |||||||||||
| 1,400,000 | UnitedHealth Group, Inc | 3.750 | 10/15/47 | 1,598,625 | |||||||||||
| 550,000 | Zimmer Biomet Holdings, Inc | 3.700 | 03/19/23 | 573,769 | |||||||||||
| 1,290,000 | Zimmer Biomet Holdings, Inc | 3.550 | 04/01/25 | 1,386,761 | |||||||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES | 106,701,543 | ||||||||||||||
| 263 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| INSURANCE - 1.0% | |||||||||||||||||
| $ | 1,550,000 | g | Acrisure LLC | 4.250 | % | 02/15/29 | $ | 1,532,563 | |||||||||
| 150,000 | Aetna, Inc | 6.625 | 06/15/36 | 216,722 | |||||||||||||
| 53,000 | Aflac, Inc | 6.450 | 08/15/40 | 75,646 | |||||||||||||
| 825,000 | g | Alliant Holdings Intermediate LLC | 4.250 | 10/15/27 | 833,250 | ||||||||||||
| 550,000 | American Financial Group, Inc | 3.500 | 08/15/26 | 600,222 | |||||||||||||
| 325,000 | g | AmWINS Group, Inc | 4.875 | 06/30/29 | 329,566 | ||||||||||||
| 1,250,000 | Aon Corp | 2.800 | 05/15/30 | 1,305,816 | |||||||||||||
| 2,425,000 | Aon plc | 3.500 | 06/14/24 | 2,588,763 | |||||||||||||
| 675,000 | Berkshire Hathaway Finance Corp | 1.850 | 03/12/30 | 672,018 | |||||||||||||
| 400,000 | Berkshire Hathaway Finance Corp | 4.250 | 01/15/49 | 487,642 | |||||||||||||
| 4,350,000 | Berkshire Hathaway Finance Corp | 2.850 | 10/15/50 | 4,286,795 | |||||||||||||
| 700,000 | CNA Financial Corp | 3.950 | 05/15/24 | 752,292 | |||||||||||||
| 1,725,000 | CNA Financial Corp | 2.050 | 08/15/30 | 1,690,568 | |||||||||||||
| 550,000 | g | Equitable Financial Life Global Funding | 1.400 | 07/07/25 | 553,340 | ||||||||||||
| 1,500,000 | g,i | First Coast Re III Pte Ltd | U.S. Treasury Bill 3 M + 6.000% | 6.030 | 04/07/25 | 1,538,550 | |||||||||||
| 2,200,000 | g | Five Corners Funding Trust II | 2.850 | 05/15/30 | 2,299,638 | ||||||||||||
| 7,425,000 | Hartford Financial Services Group, Inc | 2.800 | 08/19/29 | 7,759,001 | |||||||||||||
| 250,000 | Hartford Financial Services Group, Inc | 4.300 | 04/15/43 | 295,693 | |||||||||||||
| 850,000 | Hartford Financial Services Group, Inc | 2.900 | 09/15/51 | 819,833 | |||||||||||||
| 1,521,000 | g | Liberty Mutual Group, Inc | 4.569 | 02/01/29 | 1,768,028 | ||||||||||||
| 1,750,000 | g | Liberty Mutual Group, Inc | 3.951 | 10/15/50 | 1,942,128 | ||||||||||||
| 475,000 | Marsh & McLennan Cos, Inc | 3.500 | 06/03/24 | 506,841 | |||||||||||||
| 375,000 | Marsh & McLennan Cos, Inc | 3.500 | 03/10/25 | 403,358 | |||||||||||||
| 875,000 | MetLife, Inc | 3.600 | 11/13/25 | 957,293 | |||||||||||||
| 5,920,000 | MetLife, Inc | 3.850 | N/A‡ | 6,186,400 | |||||||||||||
| 900,000 | g | Metropolitan Life Global Funding I | 2.950 | 04/09/30 | 962,392 | ||||||||||||
| 500,000 | Principal Financial Group, Inc | 2.125 | 06/15/30 | 495,264 | |||||||||||||
| 500,000 | Prudential Financial, Inc | 3.905 | 12/07/47 | 579,638 | |||||||||||||
| 2,610,000 | Prudential Financial, Inc | 3.700 | 10/01/50 | 2,720,124 | |||||||||||||
| 300,000 | g | Prudential Funding LLC | 6.750 | 09/15/23 | 332,904 | ||||||||||||
| 1,050,000 | Reinsurance Group of America, Inc | 3.900 | 05/15/29 | 1,173,042 | |||||||||||||
| 5,917,000 | g,i | Sutter Re Ltd | U.S. Treasury Bill 3 M + 5.040% | 5.000 | 06/06/22 | 6,023,506 | |||||||||||
| 2,200,000 | g,i | Vitality Re X Ltd | U.S. Treasury Bill 3 M + 1.750% | 1.778 | 01/10/23 | 2,161,500 | |||||||||||
| 2,000,000 | g,i | Vitality Re XII Ltd | U.S. Treasury Bill 3 M + 2.250% | 2.278 | 01/07/25 | 1,993,600 | |||||||||||
| 850,000 | Willis North America, Inc | 3.600 | 05/15/24 | 906,788 | |||||||||||||
| TOTAL INSURANCE | 57,750,724 | ||||||||||||||||
| MATERIALS - 2.3% | |||||||||||||||||
| 1,400,000 | Agrium, Inc | 3.375 | 03/15/25 | 1,448,813 | |||||||||||||
| 1,125,000 | g | Alpek SAB de C.V. | 4.250 | 09/18/29 | 1,205,887 | ||||||||||||
| 4,500,000 | Amcor Flexibles North America, Inc | 2.690 | 05/25/31 | 4,616,804 | |||||||||||||
| 1,350,000 | g | Anglo American Capital plc | 2.625 | 09/10/30 | 1,340,969 | ||||||||||||
| 3,050,000 | AngloGold Ashanti Holdings plc | 3.750 | 10/01/30 | 3,129,239 | |||||||||||||
| 1,225,000 | g | Ardagh Metal Packaging Finance USA LLC | 3.250 | 09/01/28 | 1,221,937 | ||||||||||||
| 900,000 | g | Ardagh Metal Packaging Finance USA LLC | 4.000 | 09/01/29 | 910,125 | ||||||||||||
| 264 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 2,425,000 | Ball Corp | 2.875 | % | 08/15/30 | $ | 2,353,766 | ||||||||
| 270,000 | Bemis Co, Inc | 3.100 | 09/15/26 | 287,079 | |||||||||||
| 325,000 | Bemis Co, Inc | 2.630 | 06/19/30 | 331,842 | |||||||||||
| 5,375,000 | g | Berry Global, Inc | 1.570 | 01/15/26 | 5,373,602 | ||||||||||
| 3,125,000 | g | Berry Global, Inc | 1.650 | 01/15/27 | 3,085,656 | ||||||||||
| 3,000,000 | g | Berry Global, Inc | 5.625 | 07/15/27 | 3,170,130 | ||||||||||
| 2,500,000 | g | Celulosa Arauco y Constitucion S.A. | 4.250 | 04/30/29 | 2,689,875 | ||||||||||
| 1,375,000 | g | Cemex SAB de C.V. | 7.375 | 06/05/27 | 1,523,142 | ||||||||||
| 2,500,000 | g | Cemex SAB de C.V. | 5.450 | 11/19/29 | 2,709,375 | ||||||||||
| 2,425,000 | g | Cemex SAB de C.V. | 3.875 | 07/11/31 | 2,426,455 | ||||||||||
| 1,275,000 | g | Cemex SAB de C.V. | 5.125 | N/A‡ | 1,298,600 | ||||||||||
| 1,375,000 | g | Cia de Minas Buenaventura SAA | 5.500 | 07/23/26 | 1,359,256 | ||||||||||
| 1,439,000 | g | Cleveland-Cliffs, Inc | 9.875 | 10/17/25 | 1,651,253 | ||||||||||
| 725,000 | g | Constellium SE | 3.750 | 04/15/29 | 706,092 | ||||||||||
| 2,300,000 | g | Corp Nacional del Cobre de Chile | 3.625 | 08/01/27 | 2,465,761 | ||||||||||
| 2,000,000 | g | Corp Nacional del Cobre de Chile | 3.150 | 01/14/30 | 2,064,040 | ||||||||||
| 5,805,000 | DowDuPont, Inc | 4.493 | 11/15/25 | 6,527,233 | |||||||||||
| 2,310,000 | DowDuPont, Inc | 4.725 | 11/15/28 | 2,716,403 | |||||||||||
| 3,500,000 | g | First Quantum Minerals Ltd | 6.875 | 10/15/27 | 3,701,250 | ||||||||||
| 2,500,000 | Freeport-McMoRan, Inc | 5.450 | 03/15/43 | 3,078,125 | |||||||||||
| 1,200,000 | g | Fresnillo plc | 4.250 | 10/02/50 | 1,243,512 | ||||||||||
| 1,250,000 | g | Gold Fields Orogen Holdings BVI Ltd | 6.125 | 05/15/29 | 1,465,625 | ||||||||||
| 750,000 | International Paper Co | 5.000 | 09/15/35 | 928,069 | |||||||||||
| 50,000 | International Paper Co | 8.700 | 06/15/38 | 81,710 | |||||||||||
| 1,500,000 | International Paper Co | 5.150 | 05/15/46 | 1,967,120 | |||||||||||
| 240,000 | International Paper Co | 4.350 | 08/15/48 | 293,773 | |||||||||||
| 2,875,000 | g | Inversiones CMPC S.A. | 4.375 | 04/04/27 | 3,172,563 | ||||||||||
| 1,700,000 | g | Klabin Austria GmbH | 5.750 | 04/03/29 | 1,901,110 | ||||||||||
| 1,300,000 | g | Klabin Finance S.A. | 4.875 | 09/19/27 | 1,428,388 | ||||||||||
| 1,750,000 | g | MEGlobal Canada ULC | 5.000 | 05/18/25 | 1,932,000 | ||||||||||
| 1,400,000 | g | Midwest Connector Capital Co LLC | 3.900 | 04/01/24 | 1,464,220 | ||||||||||
| 1,400,000 | g | Midwest Connector Capital Co LLC | 4.625 | 04/01/29 | 1,504,883 | ||||||||||
| 467,000 | Mosaic Co | 4.875 | 11/15/41 | 553,983 | |||||||||||
| 1,200,000 | Newmont Corp | 2.250 | 10/01/30 | 1,193,685 | |||||||||||
| 3,000,000 | g | Nova Chemicals Corp | 4.875 | 06/01/24 | 3,135,000 | ||||||||||
| 1,125,000 | Nutrien Ltd | 3.375 | 03/15/25 | 1,205,055 | |||||||||||
| 2,500,000 | Nutrien Ltd | 2.950 | 05/13/30 | 2,639,125 | |||||||||||
| 1,800,000 | g | OCI NV | 5.250 | 11/01/24 | 1,851,480 | ||||||||||
| 2,137,000 | g | OCI NV | 4.625 | 10/15/25 | 2,243,850 | ||||||||||
| 1,100,000 | g | OCP S.A. | 3.750 | 06/23/31 | 1,097,043 | ||||||||||
| 2,975,000 | g | Orbia Advance Corp SAB de C.V. | 1.875 | 05/11/26 | 2,979,879 | ||||||||||
| 2,400,000 | g | Owens-Brockway Glass Container, Inc | 5.875 | 08/15/23 | 2,538,000 | ||||||||||
| 2,900,000 | g | PolyOne Corp | 5.750 | 05/15/25 | 3,055,875 | ||||||||||
| 2,450,000 | g | SABIC Capital II BV | 4.500 | 10/10/28 | 2,824,745 | ||||||||||
| 1,475,000 | Sasol Financing USA LLC | 5.875 | 03/27/24 | 1,554,650 | |||||||||||
| 2,575,000 | Sasol Financing USA LLC | 4.375 | 09/18/26 | 2,612,466 | |||||||||||
| 4,500,000 | g | Sociedad Quimica y Minera de Chile S.A. | 3.500 | 09/10/51 | 4,338,000 | ||||||||||
| 2,200,000 | g | Standard Industries, Inc | 5.000 | 02/15/27 | 2,268,750 | ||||||||||
| 1,500,000 | Suzano Austria GmbH | 3.750 | 01/15/31 | 1,540,875 | |||||||||||
| 3,000,000 | Suzano Austria GmbH | 3.125 | 01/15/32 | 2,897,250 | |||||||||||
| 911,000 | g | Tronox, Inc | 4.625 | 03/15/29 | 906,445 | ||||||||||
| 2,675,000 | g | UltraTech Cement Ltd | 2.800 | 02/16/31 | 2,572,628 | ||||||||||
| 440,000 | g | Unifrax Escrow Issuer Corp | 5.250 | 09/30/28 | 445,500 | ||||||||||
| 435,000 | g | Unifrax Escrow Issuer Corp | 7.500 | 09/30/29 | 445,775 | ||||||||||
| 265 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,125,000 | g | Volcan Cia Minera SAA | 4.375 | % | 02/11/26 | $ | 1,095,188 | |||||||||
| 800,000 | g | WR Grace Holdings LLC | 5.625 | 08/15/29 | 824,008 | ||||||||||||
| 3,100,000 | WRKCo, Inc | 4.900 | 03/15/29 | 3,665,607 | |||||||||||||
| TOTAL MATERIALS | 131,260,544 | ||||||||||||||||
| MEDIA & ENTERTAINMENT - 3.0% | |||||||||||||||||
| 875,000 | Activision Blizzard, Inc | 3.400 | 09/15/26 | 953,008 | |||||||||||||
| 1,100,000 | Activision Blizzard, Inc | 1.350 | 09/15/30 | 1,019,477 | |||||||||||||
| 2,030,000 | g | Adani Electricity Mumbai Ltd | 3.867 | 07/22/31 | 1,997,713 | ||||||||||||
| 2,050,000 | Agree LP | 2.000 | 06/15/28 | 2,032,533 | |||||||||||||
| 4,800,000 | g | Alfa Desarrollo S.p.A | 4.550 | 09/27/51 | 4,682,400 | ||||||||||||
| 2,500,000 | g | Arches Buyer, Inc | 4.250 | 06/01/28 | 2,534,712 | ||||||||||||
| 625,000 | AstraZeneca Finance LLC | 2.250 | 05/28/31 | 634,821 | |||||||||||||
| 2,000,000 | Baidu, Inc | 2.875 | 07/06/22 | 2,030,845 | |||||||||||||
| 1,275,000 | Baidu, Inc | 4.375 | 05/14/24 | 1,379,008 | |||||||||||||
| 1,550,000 | Baidu, Inc | 1.625 | 02/23/27 | 1,530,074 | |||||||||||||
| 1,650,000 | g | Banco Nacional de Panama | 2.500 | 08/11/30 | 1,582,350 | ||||||||||||
| 2,500,000 | g | BOC Aviation USA Corp | 1.625 | 04/29/24 | 2,519,211 | ||||||||||||
| 1,175,000 | g | Cable Onda S.A. | 4.500 | 01/30/30 | 1,232,575 | ||||||||||||
| 3,500,000 | g,i | Cape Lookout Re Ltd | 4.183 | 02/25/22 | 3,528,350 | ||||||||||||
| 6,000,000 | g | CCO Holdings LLC | 5.125 | 05/01/27 | 6,247,860 | ||||||||||||
| 1,800,000 | g | CCO Holdings LLC | 4.500 | 08/15/30 | 1,857,096 | ||||||||||||
| 3,227,000 | Charter Communications Operating LLC | 4.464 | 07/23/22 | 3,308,990 | |||||||||||||
| 2,875,000 | h | Charter Communications Operating LLC | 2.250 | 01/15/29 | 2,872,737 | ||||||||||||
| 475,000 | Charter Communications Operating LLC | 2.800 | 04/01/31 | 476,073 | |||||||||||||
| 5,000,000 | h | Charter Communications Operating LLC | 3.500 | 03/01/42 | 4,892,110 | ||||||||||||
| 1,465,000 | Charter Communications Operating LLC | 5.125 | 07/01/49 | 1,723,202 | |||||||||||||
| 8,150,000 | Charter Communications Operating LLC | 4.800 | 03/01/50 | 9,145,973 | |||||||||||||
| 6,375,000 | Comcast Corp | 2.350 | 01/15/27 | 6,686,491 | |||||||||||||
| 5,000,000 | Comcast Corp | 4.150 | 10/15/28 | 5,750,173 | |||||||||||||
| 4,025,000 | Comcast Corp | 2.650 | 02/01/30 | 4,199,265 | |||||||||||||
| 2,300,000 | Comcast Corp | 1.500 | 02/15/31 | 2,183,311 | |||||||||||||
| 2,975,000 | Comcast Corp | 3.200 | 07/15/36 | 3,168,567 | |||||||||||||
| 1,000,000 | Comcast Corp | 3.900 | 03/01/38 | 1,135,540 | |||||||||||||
| 11,975,000 | Comcast Corp | 2.800 | 01/15/51 | 11,334,808 | |||||||||||||
| 1,760,000 | g | Comcast Corp | 2.887 | 11/01/51 | 1,688,153 | ||||||||||||
| 1,000,000 | CSC Holdings LLC | 6.750 | 11/15/21 | 1,002,500 | |||||||||||||
| 5,000,000 | g | CSC Holdings LLC | 5.500 | 04/15/27 | 5,205,500 | ||||||||||||
| 985,000 | g | DIRECTV Holdings LLC | 5.875 | 08/15/27 | 1,028,094 | ||||||||||||
| 446,000 | Discovery Communications LLC | 2.950 | 03/20/23 | 461,393 | |||||||||||||
| 1,850,000 | Discovery Communications LLC | 3.625 | 05/15/30 | 2,006,352 | |||||||||||||
| 2,000,000 | Discovery Communications LLC | 5.200 | 09/20/47 | 2,491,838 | |||||||||||||
| 1,500,000 | DISH DBS Corp | 5.000 | 03/15/23 | 1,554,375 | |||||||||||||
| 2,550,000 | DISH DBS Corp | 5.125 | 06/01/29 | 2,498,464 | |||||||||||||
| 1,300,000 | g | Electricidad Firme de Mexico Holdings S.A. de C.V. | 4.900 | 11/20/26 | 1,296,529 | ||||||||||||
| 2,075,000 | g | ENN Clean Energy International Investment Ltd | 3.375 | 05/12/26 | 2,090,754 | ||||||||||||
| 3,000,000 | g | Genm Capital Labuan Ltd | 3.882 | 04/19/31 | 2,968,604 | ||||||||||||
| 2,785,000 | Grupo Televisa SAB | 6.625 | 01/15/40 | 3,863,011 | |||||||||||||
| 675,000 | g | Interchile S.A. | 4.500 | 06/30/56 | 704,700 | ||||||||||||
| 1,625,000 | g | Investment Energy Resources Ltd | 6.250 | 04/26/29 | 1,755,000 | ||||||||||||
| 1,000,000 | g,i | Kendall Re Ltd | U.S. Treasury Bill 3 M + 4.000% | 4.028 | 05/02/24 | 978,500 | |||||||||||
| 266 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,275,000 | Lamar Media Corp | 3.750 | % | 02/15/28 | $ | 1,311,439 | ||||||||||
| 3,000,000 | Lamar Media Corp | 4.875 | 01/15/29 | 3,180,000 | |||||||||||||
| 1,000,000 | Lamar Media Corp | 4.000 | 02/15/30 | 1,029,500 | |||||||||||||
| 825,000 | Lamar Media Corp | 3.625 | 01/15/31 | 825,000 | |||||||||||||
| 1,275,000 | g | LCPR Senior Secured Financing DAC | 5.125 | 07/15/29 | 1,313,186 | ||||||||||||
| 5,900,000 | g | LUKOIL Securities BV | 3.875 | 05/06/30 | 6,202,670 | ||||||||||||
| 1,000,000 | g | Medco Bell Pte Ltd | 6.375 | 01/30/27 | 1,008,750 | ||||||||||||
| 2,445,000 | g | Mexico Remittances Funding Fiduciary Estate Management Sarl | 4.875 | 01/15/28 | 2,414,462 | ||||||||||||
| 825,000 | g | News Corp | 3.875 | 05/15/29 | 847,688 | ||||||||||||
| 2,800,000 | Omnicom Group, Inc | 2.600 | 08/01/31 | 2,846,915 | |||||||||||||
| 2,250,000 | g,i | Putnam RE PTE Ltd | 5.530 | 06/07/24 | 2,296,575 | ||||||||||||
| 500,000 | g,i | Residential Reinsurance 2021 Ltd | U.S. Treasury Bill 3 M + 2.500% | 2.528 | 06/06/25 | 505,200 | |||||||||||
| 500,000 | g,i | Residential Reinsurance 2021 Ltd | U.S. Treasury Bill 3 M + 3.750% | 3.780 | 06/06/25 | 506,350 | |||||||||||
| 2,400,000 | g,i | Sanders RE II Ltd | U.S. Treasury Bill 3 M + 3.500% | 3.533 | 04/07/25 | 2,421,360 | |||||||||||
| 590,000 | g | Sirius XM Radio, Inc | 3.125 | 09/01/26 | 598,113 | ||||||||||||
| 2,725,000 | g | Sirius XM Radio, Inc | 4.000 | 07/15/28 | 2,770,984 | ||||||||||||
| 1,575,000 | g | Sirius XM Radio, Inc | 4.125 | 07/01/30 | 1,582,304 | ||||||||||||
| 825,000 | Smithsonian Institution | 0.895 | 09/01/22 | 826,289 | |||||||||||||
| 800,000 | Smithsonian Institution | 0.974 | 09/01/23 | 802,611 | |||||||||||||
| 1,000,000 | Smithsonian Institution | 1.118 | 09/01/24 | 1,004,912 | |||||||||||||
| 1,600,000 | Smithsonian Institution | 1.514 | 09/01/26 | 1,620,115 | |||||||||||||
| 1,225,000 | g | TEGNA, Inc | 4.750 | 03/15/26 | 1,277,828 | ||||||||||||
| 850,000 | TEGNA, Inc | 4.625 | 03/15/28 | 868,998 | |||||||||||||
| 1,500,000 | Time Warner Cable LLC | 5.875 | 11/15/40 | 1,892,102 | |||||||||||||
| 475,000 | Time Warner Cable LLC | 4.500 | 09/15/42 | 519,812 | |||||||||||||
| 1,275,000 | g | Univision Communications, Inc | 4.500 | 05/01/29 | 1,295,719 | ||||||||||||
| 850,000 | ViacomCBS, Inc | 2.900 | 01/15/27 | 903,022 | |||||||||||||
| 525,000 | ViacomCBS, Inc | 3.375 | 02/15/28 | 573,224 | |||||||||||||
| 600,000 | ViacomCBS, Inc | 5.850 | 09/01/43 | 817,666 | |||||||||||||
| 125,000 | Walt Disney Co | 7.625 | 11/30/28 | 171,053 | |||||||||||||
| 90,000 | Walt Disney Co | 6.550 | 03/15/33 | 126,280 | |||||||||||||
| 3,400,000 | Walt Disney Co | 3.600 | 01/13/51 | 3,787,312 | |||||||||||||
| 1,825,000 | Weibo Corp | 3.375 | 07/08/30 | 1,822,317 | |||||||||||||
| TOTAL MEDIA & ENTERTAINMENT | 174,202,796 | ||||||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.3% | |||||||||||||||||
| 850,000 | AbbVie, Inc | 2.850 | 05/14/23 | 879,360 | |||||||||||||
| 2,625,000 | AbbVie, Inc | 3.800 | 03/15/25 | 2,850,363 | |||||||||||||
| 7,200,000 | AbbVie, Inc | 2.950 | 11/21/26 | 7,712,251 | |||||||||||||
| 6,150,000 | AbbVie, Inc | 3.200 | 11/21/29 | 6,626,693 | |||||||||||||
| 3,850,000 | AbbVie, Inc | 4.050 | 11/21/39 | 4,424,453 | |||||||||||||
| 1,450,000 | AbbVie, Inc | 4.400 | 11/06/42 | 1,732,144 | |||||||||||||
| 580,000 | AbbVie, Inc | 4.450 | 05/14/46 | 698,924 | |||||||||||||
| 4,850,000 | AbbVie, Inc | 4.250 | 11/21/49 | 5,744,597 | |||||||||||||
| 1,400,000 | Amgen, Inc | 2.000 | 01/15/32 | 1,346,342 | |||||||||||||
| 5,000,000 | AstraZeneca plc | 1.375 | 08/06/30 | 4,758,105 | |||||||||||||
| 1,500,000 | g | Avantor Funding, Inc | 4.625 | 07/15/28 | 1,578,750 | ||||||||||||
| 295,000 | Bristol-Myers Squibb Co | 3.875 | 08/15/25 | 325,309 | |||||||||||||
| 3,525,000 | Bristol-Myers Squibb Co | 3.400 | 07/26/29 | 3,906,866 | |||||||||||||
| 1,350,000 | Bristol-Myers Squibb Co | 1.450 | 11/13/30 | 1,294,411 | |||||||||||||
| 267 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 800,000 | Bristol-Myers Squibb Co | 2.550 | % | 11/13/50 | $ | 751,162 | ||||||||
| 475,000 | g | Endo Luxembourg Finance Co I Sarl | 6.125 | 04/01/29 | 475,000 | ||||||||||
| 1,075,000 | Gilead Sciences, Inc | 1.200 | 10/01/27 | 1,052,275 | |||||||||||
| 450,000 | Gilead Sciences, Inc | 4.000 | 09/01/36 | 517,523 | |||||||||||
| 3,900,000 | Gilead Sciences, Inc | 2.800 | 10/01/50 | 3,676,509 | |||||||||||
| 345,000 | g | Horizon Pharma USA, Inc | 5.500 | 08/01/27 | 365,700 | ||||||||||
| 600,000 | g | Jaguar Holding Co II | 4.625 | 06/15/25 | 623,250 | ||||||||||
| 425,000 | g | Jaguar Holding Co II | 5.000 | 06/15/28 | 457,445 | ||||||||||
| 725,000 | g | Jazz Securities DAC | 4.375 | 01/15/29 | 751,318 | ||||||||||
| 900,000 | Johnson & Johnson | 3.400 | 01/15/38 | 1,010,776 | |||||||||||
| 1,450,000 | Mylan, Inc | 4.550 | 04/15/28 | 1,655,009 | |||||||||||
| 3,150,000 | g | Organon Finance LLC | 5.125 | 04/30/31 | 3,308,603 | ||||||||||
| 1,400,000 | Royalty Pharma plc | 2.150 | 09/02/31 | 1,348,106 | |||||||||||
| 6,950,000 | Takeda Pharmaceutical Co Ltd | 2.050 | 03/31/30 | 6,840,989 | |||||||||||
| 600,000 | Takeda Pharmaceutical Co Ltd | 3.025 | 07/09/40 | 609,181 | |||||||||||
| 3,000,000 | Teva Pharmaceutical Finance Netherlands III BV | 3.150 | 10/01/26 | 2,872,500 | |||||||||||
| 700,000 | Thermo Fisher Scientific, Inc | 2.000 | 10/15/31 | 684,845 | |||||||||||
| 1,250,000 | g | Viatris, Inc | 2.700 | 06/22/30 | 1,263,624 | ||||||||||
| 725,000 | g | Viatris, Inc | 3.850 | 06/22/40 | 777,561 | ||||||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 72,919,944 | ||||||||||||||
| REAL ESTATE - 1.7% | |||||||||||||||
| 350,000 | Alexandria Real Estate Equities, Inc | 3.950 | 01/15/27 | 389,548 | |||||||||||
| 450,000 | Alexandria Real Estate Equities, Inc | 3.950 | 01/15/28 | 505,155 | |||||||||||
| 1,650,000 | Alexandria Real Estate Equities, Inc | 4.900 | 12/15/30 | 1,995,789 | |||||||||||
| 1,125,000 | Alexandria Real Estate Equities, Inc | 1.875 | 02/01/33 | 1,058,584 | |||||||||||
| 1,200,000 | American Tower Corp | 3.000 | 06/15/23 | 1,249,426 | |||||||||||
| 875,000 | American Tower Corp | 5.000 | 02/15/24 | 961,351 | |||||||||||
| 1,425,000 | American Tower Corp | 2.950 | 01/15/25 | 1,504,956 | |||||||||||
| 475,000 | American Tower Corp | 3.375 | 10/15/26 | 513,999 | |||||||||||
| 1,200,000 | American Tower Corp | 3.600 | 01/15/28 | 1,306,473 | |||||||||||
| 2,200,000 | American Tower Corp | 3.800 | 08/15/29 | 2,439,574 | |||||||||||
| 4,100,000 | American Tower Corp | 2.900 | 01/15/30 | 4,268,382 | |||||||||||
| 2,975,000 | American Tower Corp | 1.875 | 10/15/30 | 2,857,080 | |||||||||||
| 950,000 | Brandywine Operating Partnership LP | 4.100 | 10/01/24 | 1,023,666 | |||||||||||
| 1,750,000 | Brixmor Operating Partnership LP | 3.850 | 02/01/25 | 1,891,752 | |||||||||||
| 350,000 | Brixmor Operating Partnership LP | 2.250 | 04/01/28 | 352,982 | |||||||||||
| 400,000 | Brixmor Operating Partnership LP | 2.500 | 08/16/31 | 394,108 | |||||||||||
| 850,000 | Corporate Office Properties LP | 2.750 | 04/15/31 | 858,622 | |||||||||||
| 775,000 | Crown Castle International Corp | 3.650 | 09/01/27 | 852,092 | |||||||||||
| 3,025,000 | Crown Castle International Corp | 2.250 | 01/15/31 | 2,956,226 | |||||||||||
| 3,525,000 | Crown Castle International Corp | 2.100 | 04/01/31 | 3,393,464 | |||||||||||
| 1,850,000 | g | Cushman & Wakefield US Borrower LLC | 6.750 | 05/15/28 | 2,007,250 | ||||||||||
| 500,000 | Digital Realty Trust LP | 3.600 | 07/01/29 | 547,040 | |||||||||||
| 625,000 | Duke Realty LP | 2.875 | 11/15/29 | 658,483 | |||||||||||
| 1,150,000 | Equinix, Inc | 2.150 | 07/15/30 | 1,127,790 | |||||||||||
| 2,375,000 | Essential Properties LP | 2.950 | 07/15/31 | 2,387,404 | |||||||||||
| 2,500,000 | Essex Portfolio LP | 3.000 | 01/15/30 | 2,635,585 | |||||||||||
| 600,000 | Federal Realty Investment Trust | 1.250 | 02/15/26 | 594,851 | |||||||||||
| 4,980,000 | g | HAT Holdings I LLC | 3.375 | 06/15/26 | 5,054,700 | ||||||||||
| 1,500,000 | Healthcare Realty Trust, Inc | 3.875 | 05/01/25 | 1,616,479 | |||||||||||
| 1,500,000 | e | Healthcare Realty Trust, Inc | 3.625 | 01/15/28 | 1,641,229 | ||||||||||
| 268 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 525,000 | Healthcare Realty Trust, Inc | 2.400 | % | 03/15/30 | $ | 526,847 | ||||||||
| 550,000 | Healthcare Realty Trust, Inc | 2.050 | 03/15/31 | 534,526 | |||||||||||
| 1,225,000 | Healthcare Trust of America Holdings LP | 3.500 | 08/01/26 | 1,327,785 | |||||||||||
| 3,750,000 | Healthcare Trust of America Holdings LP | 3.100 | 02/15/30 | 3,943,264 | |||||||||||
| 375,000 | Highwoods Realty LP | 3.875 | 03/01/27 | 414,660 | |||||||||||
| 725,000 | Highwoods Realty LP | 4.125 | 03/15/28 | 807,567 | |||||||||||
| 700,000 | Highwoods Realty LP | 4.200 | 04/15/29 | 783,474 | |||||||||||
| 4,079,000 | Highwoods Realty LP | 2.600 | 02/01/31 | 4,104,568 | |||||||||||
| 1,225,000 | g | Howard Hughes Corp | 4.125 | 02/01/29 | 1,226,531 | ||||||||||
| 1,300,000 | g | Howard Hughes Corp | 4.375 | 02/01/31 | 1,307,683 | ||||||||||
| 460,000 | Hudson Pacific Properties LP | 3.950 | 11/01/27 | 503,170 | |||||||||||
| 1,600,000 | Hudson Pacific Properties LP | 4.650 | 04/01/29 | 1,836,246 | |||||||||||
| 1,400,000 | Kennedy-Wilson, Inc | 4.750 | 03/01/29 | 1,424,500 | |||||||||||
| 1,475,000 | Kennedy-Wilson, Inc | 5.000 | 03/01/31 | 1,508,188 | |||||||||||
| 250,000 | Life Storage LP | 2.200 | 10/15/30 | 247,898 | |||||||||||
| 1,500,000 | Mid-America Apartments LP | 4.300 | 10/15/23 | 1,597,747 | |||||||||||
| 1,000,000 | Mid-America Apartments LP | 3.750 | 06/15/24 | 1,072,283 | |||||||||||
| 850,000 | Mid-America Apartments LP | 4.000 | 11/15/25 | 933,399 | |||||||||||
| 3,925,000 | Mid-America Apartments LP | 2.750 | 03/15/30 | 4,082,533 | |||||||||||
| 1,625,000 | Mid-America Apartments LP | 1.700 | 02/15/31 | 1,541,938 | |||||||||||
| 1,000,000 | Mid-America Apartments LP | 2.875 | 09/15/51 | 966,008 | |||||||||||
| 550,000 | National Retail Properties, Inc | 4.000 | 11/15/25 | 608,268 | |||||||||||
| 600,000 | National Retail Properties, Inc | 3.600 | 12/15/26 | 652,609 | |||||||||||
| 875,000 | Regency Centers LP | 3.900 | 11/01/25 | 952,371 | |||||||||||
| 425,000 | Regency Centers LP | 3.600 | 02/01/27 | 468,163 | |||||||||||
| 1,650,000 | Regency Centers LP | 2.950 | 09/15/29 | 1,731,017 | |||||||||||
| 1,700,000 | Retail Properties of America, Inc | 4.750 | 09/15/30 | 1,869,535 | |||||||||||
| 603,000 | SITE Centers Corp | 3.625 | 02/01/25 | 638,982 | |||||||||||
| 3,820,000 | SITE Centers Corp | 4.250 | 02/01/26 | 4,133,943 | |||||||||||
| 650,000 | SITE Centers Corp | 4.700 | 06/01/27 | 732,095 | |||||||||||
| 2,750,000 | g | Trust F/1401 | 5.250 | 01/30/26 | 3,058,000 | ||||||||||
| 1,150,000 | Weingarten Realty Investors | 3.375 | 10/15/22 | 1,175,073 | |||||||||||
| 450,000 | Weingarten Realty Investors | 3.500 | 04/15/23 | 466,864 | |||||||||||
| 400,000 | Weingarten Realty Investors | 4.450 | 01/15/24 | 427,155 | |||||||||||
| 925,000 | Weingarten Realty Investors | 3.850 | 06/01/25 | 993,339 | |||||||||||
| 300,000 | Weingarten Realty Investors | 3.250 | 08/15/26 | 319,168 | |||||||||||
| TOTAL REAL ESTATE | 97,961,437 | ||||||||||||||
| RETAILING - 0.8% | |||||||||||||||
| 1,800,000 | AutoNation, Inc | 3.800 | 11/15/27 | 1,975,512 | |||||||||||
| 800,000 | AutoNation, Inc | 2.400 | 08/01/31 | 779,674 | |||||||||||
| 1,950,000 | AutoZone, Inc | 1.650 | 01/15/31 | 1,852,245 | |||||||||||
| 300,000 | Chevron USA, Inc | 3.900 | 11/15/24 | 327,562 | |||||||||||
| 400,000 | Chevron USA, Inc | 3.850 | 01/15/28 | 451,644 | |||||||||||
| 975,000 | Chevron USA, Inc | 5.050 | 11/15/44 | 1,297,385 | |||||||||||
| 3,900,000 | g | JSM Global Sarl | 4.750 | 10/20/30 | 3,968,289 | ||||||||||
| 925,000 | g | L Brands, Inc | 6.625 | 10/01/30 | 1,049,875 | ||||||||||
| 2,175,000 | g | Lithia Motors, Inc | 4.625 | 12/15/27 | 2,289,187 | ||||||||||
| 1,900,000 | g | Magic Mergeco, Inc | 5.250 | 05/01/28 | 1,959,850 | ||||||||||
| 790,000 | O’Reilly Automotive, Inc | 3.550 | 03/15/26 | 865,586 | |||||||||||
| 1,400,000 | O’Reilly Automotive, Inc | 3.600 | 09/01/27 | 1,555,857 | |||||||||||
| 1,225,000 | O’Reilly Automotive, Inc | 4.200 | 04/01/30 | 1,403,779 | |||||||||||
| 2,200,000 | O’Reilly Automotive, Inc | 1.750 | 03/15/31 | 2,107,584 | |||||||||||
| 1,475,000 | g | Prosus NV | 3.680 | 01/21/30 | 1,530,254 | ||||||||||
| 269 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 2,000,000 | g | Prosus NV | 3.832 | % | 02/08/51 | $ | 1,820,461 | |||||||
| 5,000,000 | g | Staples, Inc | 7.500 | 04/15/26 | 5,071,125 | ||||||||||
| 4,750,000 | Target Corp | 2.350 | 02/15/30 | 4,916,322 | |||||||||||
| 2,200,000 | e | Walmart, Inc | 1.050 | 09/17/26 | 2,199,478 | ||||||||||
| 5,125,000 | Walmart, Inc | 1.800 | 09/22/31 | 5,080,976 | |||||||||||
| 2,375,000 | Walmart, Inc | 2.500 | 09/22/41 | 2,364,664 | |||||||||||
| TOTAL RETAILING | 44,867,309 | ||||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.4% | |||||||||||||||
| 4,364,000 | Broadcom, Inc | 4.150 | 11/15/30 | 4,835,193 | |||||||||||
| 3,700,000 | g | Broadcom, Inc | 2.450 | 02/15/31 | 3,583,181 | ||||||||||
| 2,003,000 | g | Broadcom, Inc | 3.469 | 04/15/34 | 2,062,563 | ||||||||||
| 236,000 | g | Broadcom, Inc | 3.187 | 11/15/36 | 235,315 | ||||||||||
| 1,325,000 | Intel Corp | 3.734 | 12/08/47 | 1,478,142 | |||||||||||
| 700,000 | Lam Research Corp | 3.750 | 03/15/26 | 776,522 | |||||||||||
| 775,000 | Lam Research Corp | 4.000 | 03/15/29 | 889,541 | |||||||||||
| 325,000 | Lam Research Corp | 1.900 | 06/15/30 | 324,018 | |||||||||||
| 325,000 | Lam Research Corp | 2.875 | 06/15/50 | 325,903 | |||||||||||
| 4,400,000 | NVIDIA Corp | 2.000 | 06/15/31 | 4,376,739 | |||||||||||
| 1,425,000 | g | NXP BV | 3.875 | 06/18/26 | 1,569,963 | ||||||||||
| 725,000 | g | NXP BV | 3.400 | 05/01/30 | 786,955 | ||||||||||
| 700,000 | Texas Instruments, Inc | 2.625 | 05/15/24 | 733,922 | |||||||||||
| 775,000 | Texas Instruments, Inc | 4.150 | 05/15/48 | 961,255 | |||||||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 22,939,212 | ||||||||||||||
| SOFTWARE & SERVICES - 0.6% | |||||||||||||||
| 2,975,000 | Adobe, Inc | 2.300 | 02/01/30 | 3,077,197 | |||||||||||
| 425,000 | g | Camelot Finance S.A. | 4.500 | 11/01/26 | 441,469 | ||||||||||
| 690,000 | g | Clarivate Science Holdings Corp | 3.875 | 07/01/28 | 690,000 | ||||||||||
| 1,425,000 | Fidelity National Information Services, Inc | 2.250 | 03/01/31 | 1,414,445 | |||||||||||
| 3,650,000 | Fiserv, Inc | 2.750 | 07/01/24 | 3,843,742 | |||||||||||
| 5,075,000 | Fiserv, Inc | 3.500 | 07/01/29 | 5,526,397 | |||||||||||
| 900,000 | g | Gartner, Inc | 3.750 | 10/01/30 | 926,280 | ||||||||||
| 1,425,000 | Global Payments, Inc | 2.650 | 02/15/25 | 1,489,423 | |||||||||||
| 3,075,000 | Global Payments, Inc | 3.200 | 08/15/29 | 3,250,571 | |||||||||||
| 1,625,000 | g | j2 Global, Inc | 4.625 | 10/15/30 | 1,726,562 | ||||||||||
| 3,000,000 | Microsoft Corp | 2.400 | 08/08/26 | 3,186,841 | |||||||||||
| 1,165,000 | Microsoft Corp | 3.300 | 02/06/27 | 1,288,509 | |||||||||||
| 1,459,000 | Microsoft Corp | 2.525 | 06/01/50 | 1,403,933 | |||||||||||
| 351,000 | Microsoft Corp | 2.921 | 03/17/52 | 362,863 | |||||||||||
| 550,000 | g | Open Text Holdings, Inc | 4.125 | 02/15/30 | 565,125 | ||||||||||
| 1,525,000 | g | Rackspace Technology Global, Inc | 3.500 | 02/15/28 | 1,471,961 | ||||||||||
| 650,000 | salesforce.com, Inc | 3.700 | 04/11/28 | 729,599 | |||||||||||
| 2,175,000 | salesforce.com, Inc | 1.950 | 07/15/31 | 2,164,685 | |||||||||||
| 1,900,000 | salesforce.com, Inc | 2.700 | 07/15/41 | 1,894,376 | |||||||||||
| 550,000 | Visa, Inc | 2.700 | 04/15/40 | 562,734 | |||||||||||
| TOTAL SOFTWARE & SERVICES | 36,016,712 | ||||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 0.6% | |||||||||||||||
| 2,025,000 | Amphenol Corp | 2.800 | 02/15/30 | 2,122,431 | |||||||||||
| 5,575,000 | Apple, Inc | 2.450 | 08/04/26 | 5,899,035 | |||||||||||
| 10,350,000 | Apple, Inc | 2.050 | 09/11/26 | 10,770,277 | |||||||||||
| 270 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 1,000,000 | Apple, Inc | 3.850 | % | 05/04/43 | $ | 1,168,341 | ||||||||
| 875,000 | Apple, Inc | 4.650 | 02/23/46 | 1,138,729 | |||||||||||
| 525,000 | Corning, Inc | 4.375 | 11/15/57 | 629,722 | |||||||||||
| 2,400,000 | Dell International LLC | 5.300 | 10/01/29 | 2,901,161 | |||||||||||
| 875,000 | Flex Ltd | 4.875 | 06/15/29 | 1,006,689 | |||||||||||
| 4,125,000 | g | Imola Merger Corp | 4.750 | 05/15/29 | 4,267,389 | ||||||||||
| 1,500,000 | g | Lenovo Group Ltd | 3.421 | 11/02/30 | 1,563,077 | ||||||||||
| 2,425,000 | g | NCR Corp | 5.000 | 10/01/28 | 2,477,889 | ||||||||||
| 975,000 | g | Sensata Technologies BV | 4.000 | 04/15/29 | 992,501 | ||||||||||
| 450,000 | Tyco Electronics Group S.A. | 3.700 | 02/15/26 | 487,397 | |||||||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 35,424,638 | ||||||||||||||
| TELECOMMUNICATION SERVICES - 2.8% | |||||||||||||||
| 3,825,000 | g | Altice France S.A. | 5.125 | 07/15/29 | 3,750,317 | ||||||||||
| 3,420,000 | AT&T, Inc | 4.300 | 02/15/30 | 3,924,716 | |||||||||||
| 2,500,000 | AT&T, Inc | 2.250 | 02/01/32 | 2,434,159 | |||||||||||
| 6,563,000 | AT&T, Inc | 2.550 | 12/01/33 | 6,456,798 | |||||||||||
| 2,085,000 | AT&T, Inc | 4.500 | 05/15/35 | 2,440,792 | |||||||||||
| 2,050,000 | AT&T, Inc | 3.300 | 02/01/52 | 1,984,930 | |||||||||||
| 8,025,000 | AT&T, Inc | 3.550 | 09/15/55 | 7,913,803 | |||||||||||
| 10,367,000 | AT&T, Inc | 3.800 | 12/01/57 | 10,590,429 | |||||||||||
| 7,083,000 | AT&T, Inc | 3.650 | 09/15/59 | 7,061,205 | |||||||||||
| 3,875,000 | g | Avaya, Inc | 6.125 | 09/15/28 | 4,074,446 | ||||||||||
| 3,000,000 | g | Bharti Airtel Ltd | 4.375 | 06/10/25 | 3,224,430 | ||||||||||
| 5,000,000 | g | Bharti Airtel Ltd | 3.250 | 06/03/31 | 5,026,919 | ||||||||||
| 1,325,000 | g | C&W Senior Financing Designated Activity Co | 7.500 | 10/15/26 | 1,374,171 | ||||||||||
| 3,200,000 | g | C&W Senior Financing Designated Activity Co | 6.875 | 09/15/27 | 3,364,000 | ||||||||||
| 2,575,000 | g | Empresa Nacional de Telecomunicaciones S.A. | 3.050 | 09/14/32 | 2,529,937 | ||||||||||
| 975,000 | g | Kenbourne Invest S.A. | 4.700 | 01/22/28 | 980,850 | ||||||||||
| 1,300,000 | g | Liquid Telecommunications Financing PLC | 5.500 | 09/04/26 | 1,340,036 | ||||||||||
| 2,268,000 | g | Millicom International Cellular S.A. | 5.125 | 01/15/28 | 2,357,586 | ||||||||||
| 1,175,000 | g | Millicom International Cellular S.A. | 4.500 | 04/27/31 | 1,228,463 | ||||||||||
| 2,150,000 | g | MTN Mauritius Investment Ltd | 6.500 | 10/13/26 | 2,448,442 | ||||||||||
| 2,000,000 | g | Network i2i Ltd | 5.650 | N/A‡ | 2,130,000 | ||||||||||
| 2,600,000 | g | Network i2i Ltd | 3.975 | N/A‡ | 2,619,500 | ||||||||||
| 500,000 | Orange S.A. | 5.375 | 01/13/42 | 667,561 | |||||||||||
| 5,800,000 | g | SBA Tower Trust | 2.836 | 01/15/25 | 6,006,916 | ||||||||||
| 2,080,000 | g | SBA Tower Trust | 1.884 | 01/15/26 | 2,106,055 | ||||||||||
| 3,500,000 | g | SBA Tower Trust | 1.631 | 11/15/26 | 3,491,216 | ||||||||||
| 789,000 | g | SBA Tower Trust | 2.328 | 01/15/28 | 804,035 | ||||||||||
| 1,875,000 | Telefonica Emisiones SAU | 4.103 | 03/08/27 | 2,106,530 | |||||||||||
| 1,150,000 | Telefonica Emisiones SAU | 4.895 | 03/06/48 | 1,382,568 | |||||||||||
| 2,300,000 | T-Mobile USA, Inc | 2.250 | 02/15/26 | 2,325,875 | |||||||||||
| 3,000,000 | T-Mobile USA, Inc | 2.625 | 02/15/29 | 3,031,677 | |||||||||||
| 8,650,000 | T-Mobile USA, Inc | 3.875 | 04/15/30 | 9,551,002 | |||||||||||
| 6,350,000 | T-Mobile USA, Inc | 2.550 | 02/15/31 | 6,372,629 | |||||||||||
| 750,000 | T-Mobile USA, Inc | 3.000 | 02/15/41 | 725,649 | |||||||||||
| 725,000 | T-Mobile USA, Inc | 4.500 | 04/15/50 | 845,182 | |||||||||||
| 3,000,000 | T-Mobile USA, Inc | 3.300 | 02/15/51 | 2,900,593 | |||||||||||
| 225,000 | Verizon Communications, Inc | 4.329 | 09/21/28 | 258,644 | |||||||||||
| 950,000 | Verizon Communications, Inc | 1.680 | 10/30/30 | 903,387 | |||||||||||
| 750,000 | Verizon Communications, Inc | 1.750 | 01/20/31 | 712,868 | |||||||||||
| 158,000 | g | Verizon Communications, Inc | 2.355 | 03/15/32 | 156,253 | ||||||||||
| 9,113,000 | Verizon Communications, Inc | 4.272 | 01/15/36 | 10,705,157 | |||||||||||
| 271 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 11,300,000 | Verizon Communications, Inc | 2.875 | % | 11/20/50 | $ | 10,533,250 | ||||||||
| 5,335,000 | g | Vmed O2 UK Financing I plc | 4.750 | 07/15/31 | 5,450,663 | ||||||||||
| 2,850,000 | Vodafone Group plc | 4.375 | 02/19/43 | 3,311,092 | |||||||||||
| 3,200,000 | Vodafone Group plc | 4.250 | 09/17/50 | 3,678,925 | |||||||||||
| 6,000,000 | Vodafone Group plc | 4.125 | 06/04/81 | 6,075,240 | |||||||||||
| TOTAL TELECOMMUNICATION SERVICES | 163,358,896 | ||||||||||||||
| TRANSPORTATION - 0.6% | |||||||||||||||
| 3,600,000 | g | Adani Ports & Special Economic Zone Ltd | 3.100 | 02/02/31 | 3,439,935 | ||||||||||
| 3,000,000 | g | AerCap Global Aviation | 6.500 | 06/15/45 | 3,250,920 | ||||||||||
| 2,300,000 | Burlington Northern Santa Fe LLC | 3.050 | 02/15/51 | 2,371,029 | |||||||||||
| 5,500,000 | Canadian Pacific Railway Co | 2.050 | 03/05/30 | 5,431,623 | |||||||||||
| 2,750,000 | g | Cargo Aircraft Management, Inc | 4.750 | 02/01/28 | 2,843,500 | ||||||||||
| 1,990,000 | CSX Corp | 3.250 | 06/01/27 | 2,168,362 | |||||||||||
| 700,000 | CSX Corp | 3.800 | 03/01/28 | 782,441 | |||||||||||
| 4,015,000 | CSX Corp | 4.250 | 03/15/29 | 4,615,420 | |||||||||||
| 1,505,000 | g | Delta Air Lines, Inc | 7.000 | 05/01/25 | 1,755,206 | ||||||||||
| 1,000,000 | g | DP World Ltd | 5.625 | 09/25/48 | 1,230,830 | ||||||||||
| 2,235,000 | g | First Student Bidco, Inc | 4.000 | 07/31/29 | 2,204,269 | ||||||||||
| 765,775 | g | Lima Metro Line 2 Finance Ltd | 4.350 | 04/05/36 | 818,613 | ||||||||||
| 1,175,000 | g | Mileage Plus Holdings LLC | 6.500 | 06/20/27 | 1,277,719 | ||||||||||
| 1,550,000 | g | Union Pacific Corp | 2.891 | 04/06/36 | 1,609,422 | ||||||||||
| 2,275,000 | Union Pacific Corp | 3.839 | 03/20/60 | 2,610,084 | |||||||||||
| TOTAL TRANSPORTATION | 36,409,373 | ||||||||||||||
| UTILITIES - 3.8% | |||||||||||||||
| 1,775,000 | g | Access Bank plc | 6.125 | 09/21/26 | 1,785,157 | ||||||||||
| 3,000,000 | g | Adani Green Energy UP Ltd | 6.250 | 12/10/24 | 3,251,780 | ||||||||||
| 325,000 | AEP Transmission Co LLC | 3.100 | 12/01/26 | 350,209 | |||||||||||
| 350,000 | AEP Transmission Co LLC | 4.000 | 12/01/46 | 409,787 | |||||||||||
| 1,900,000 | AEP Transmission Co LLC | 2.750 | 08/15/51 | 1,811,280 | |||||||||||
| 1,400,000 | g | Aeropuerto Internacional de Tocumen S.A. | 4.000 | 08/11/41 | 1,439,122 | ||||||||||
| 1,975,000 | g | AES Andres BV | 5.700 | 05/04/28 | 2,038,200 | ||||||||||
| 700,000 | Alabama Power Co | 4.150 | 08/15/44 | 820,504 | |||||||||||
| 1,850,000 | Ameren Corp | 3.650 | 02/15/26 | 2,006,495 | |||||||||||
| 525,000 | American Water Capital Corp | 3.000 | 12/01/26 | 567,356 | |||||||||||
| 1,927,000 | American Water Capital Corp | 2.800 | 05/01/30 | 2,021,237 | |||||||||||
| 5,000,000 | American Water Capital Corp | 2.300 | 06/01/31 | 5,051,232 | |||||||||||
| 500,000 | American Water Capital Corp | 4.000 | 12/01/46 | 582,659 | |||||||||||
| 900,000 | American Water Capital Corp | 3.750 | 09/01/47 | 1,008,994 | |||||||||||
| 400,000 | American Water Capital Corp | 3.450 | 05/01/50 | 425,520 | |||||||||||
| 3,100,000 | Atmos Energy Corp | 1.500 | 01/15/31 | 2,916,278 | |||||||||||
| 250,000 | Atmos Energy Corp | 4.125 | 10/15/44 | 289,727 | |||||||||||
| 800,000 | g | Azure Power Solar Energy Pvt Ltd | 5.650 | 12/24/24 | 843,027 | ||||||||||
| 1,325,000 | Baltimore Gas & Electric Co | 3.750 | 08/15/47 | 1,498,570 | |||||||||||
| 2,250,000 | g,h | Becle SAB de C.V. | 2.500 | 10/14/31 | 2,226,960 | ||||||||||
| 7,100,000 | Berkshire Hathaway Energy Co | 1.650 | 05/15/31 | 6,800,043 | |||||||||||
| 925,000 | Black Hills Corp | 4.250 | 11/30/23 | 988,251 | |||||||||||
| 325,000 | Black Hills Corp | 3.150 | 01/15/27 | 346,181 | |||||||||||
| 300,000 | CenterPoint Energy Resources Corp | 6.250 | 02/01/37 | 409,198 | |||||||||||
| 525,000 | g | Clearway Energy Operating LLC | 4.750 | 03/15/28 | 555,765 | ||||||||||
| 1,000,000 | CMS Energy Corp | 3.600 | 11/15/25 | 1,080,643 | |||||||||||
| 3,050,000 | CMS Energy Corp | 4.750 | 06/01/50 | 3,430,975 | |||||||||||
| 272 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 200,000 | Commonwealth Edison Co | 5.900 | % | 03/15/36 | $ | 279,421 | ||||||||
| 1,650,000 | Commonwealth Edison Co | 2.750 | 09/01/51 | 1,579,592 | |||||||||||
| 1,675,000 | Consumers Energy Co | 2.650 | 08/15/52 | 1,584,674 | |||||||||||
| 496,250 | g | Continuum Energy Levanter Pte Ltd | 4.500 | 02/09/27 | 513,619 | ||||||||||
| 1,350,000 | Dominion Energy, Inc | 2.250 | 08/15/31 | 1,345,748 | |||||||||||
| 3,375,000 | Dominion Energy, Inc | 3.300 | 04/15/41 | 3,502,291 | |||||||||||
| 3,275,000 | DTE Electric Co | 2.250 | 03/01/30 | 3,323,872 | |||||||||||
| 1,000,000 | Duke Energy Carolinas LLC | 2.550 | 04/15/31 | 1,035,748 | |||||||||||
| 250,000 | Duke Energy Corp | 3.300 | 06/15/41 | 253,957 | |||||||||||
| 1,175,000 | Duke Energy Corp | 3.750 | 09/01/46 | 1,254,694 | |||||||||||
| 5,000,000 | Duke Energy Florida LLC | 3.400 | 10/01/46 | 5,339,104 | |||||||||||
| 1,225,000 | Eastern Energy Gas Holdings LLC | 2.500 | 11/15/24 | 1,282,824 | |||||||||||
| 4,000,000 | Edison International | 5.375 | N/A‡ | 4,136,200 | |||||||||||
| 2,525,000 | g | Empresas Publicas de Medellin ESP | 4.250 | 07/18/29 | 2,514,269 | ||||||||||
| 2,000,000 | Enel Chile S.A. | 4.875 | 06/12/28 | 2,290,000 | |||||||||||
| 4,900,000 | g | EnfraGen Energia Sur S.A. | 5.375 | 12/30/30 | 4,808,174 | ||||||||||
| 2,100,000 | g | Equate Petrochemical BV | 2.625 | 04/28/28 | 2,113,236 | ||||||||||
| 3,450,000 | g | Eskom Holdings SOC Ltd | 8.450 | 08/10/28 | 3,812,378 | ||||||||||
| 900,000 | Eversource Energy | 1.650 | 08/15/30 | 854,767 | |||||||||||
| 6,775,000 | Exelon Corp | 4.050 | 04/15/30 | 7,678,300 | |||||||||||
| 1,850,000 | Exelon Generation Co LLC | 3.400 | 03/15/22 | 1,870,292 | |||||||||||
| 1,425,000 | Florida Power & Light Co | 3.990 | 03/01/49 | 1,707,457 | |||||||||||
| UGX | 6,000,000,000 | †,g | ICBC Standard Bank plc | 14.250 | 06/26/34 | 1,651,629 | |||||||||
| $ | 750,000 | Indiana Michigan Power Co | 3.750 | 07/01/47 | 835,498 | ||||||||||
| 1,350,000 | Indiana Michigan Power Co | 3.250 | 05/01/51 | 1,392,485 | |||||||||||
| 3,000,000 | g | Israel Electric Corp Ltd | 4.250 | 08/14/28 | 3,360,322 | ||||||||||
| 1,525,000 | g | Kallpa Generacion SA | 4.125 | 08/16/27 | 1,590,178 | ||||||||||
| 2,400,000 | g | Korea Southern Power Co Ltd | 0.750 | 01/27/26 | 2,338,464 | ||||||||||
| 1,575,000 | h | Life Storage LP | 2.400 | 10/15/31 | 1,559,722 | ||||||||||
| 775,000 | MidAmerican Energy Co | 3.650 | 04/15/29 | 867,209 | |||||||||||
| 1,550,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 1,739,090 | |||||||||||
| 6,150,000 | g | NBK SPC Ltd | 1.625 | 09/15/27 | 6,073,125 | ||||||||||
| 3,000,000 | g | NBK Tier Financing Ltd | 3.625 | N/A‡ | 2,988,714 | ||||||||||
| 1,000,000 | Nevada Power Co | 5.450 | 05/15/41 | 1,323,455 | |||||||||||
| 885,000 | NextEra Energy Capital Holdings, Inc | 3.250 | 04/01/26 | 951,403 | |||||||||||
| 6,050,000 | NextEra Energy Capital Holdings, Inc | 2.250 | 06/01/30 | 6,084,514 | |||||||||||
| 50,000 | g | NextEra Energy Operating Partners LP | 4.250 | 09/15/24 | 52,750 | ||||||||||
| 9,425,000 | NiSource, Inc | 1.700 | 02/15/31 | 8,878,249 | |||||||||||
| 1,400,000 | Northern States Power Co | 3.600 | 09/15/47 | 1,565,451 | |||||||||||
| 2,475,000 | g | NRG Energy, Inc | 2.450 | 12/02/27 | 2,511,556 | ||||||||||
| 1,350,000 | NRG Energy, Inc | 5.750 | 01/15/28 | 1,436,063 | |||||||||||
| 500,000 | NSTAR Electric Co | 3.950 | 04/01/30 | 570,963 | |||||||||||
| 1,550,000 | Ohio Power Co | 4.150 | 04/01/48 | 1,843,213 | |||||||||||
| 1,550,000 | Ohio Power Co | 4.000 | 06/01/49 | 1,805,638 | |||||||||||
| 575,000 | ONE Gas, Inc | 3.610 | 02/01/24 | 606,820 | |||||||||||
| 600,000 | g | Pattern Energy Operations LP | 4.500 | 08/15/28 | 625,500 | ||||||||||
| 825,000 | PECO Energy Co | 3.000 | 09/15/49 | 828,315 | |||||||||||
| 2,325,000 | PECO Energy Co | 2.800 | 06/15/50 | 2,278,920 | |||||||||||
| 2,000,000 | g | Pelabuhan Indonesia III PT | 4.875 | 10/01/24 | 2,195,000 | ||||||||||
| 2,000,000 | g | Perusahaan Listrik Negara PT | 4.125 | 05/15/27 | 2,167,500 | ||||||||||
| 1,800,000 | g | Perusahaan Listrik Negara PT | 5.450 | 05/21/28 | 2,092,500 | ||||||||||
| 1,042,000 | g,o | Petra Diamonds US Treasury plc | 10.500 | 03/08/26 | 1,068,050 | ||||||||||
| 2,975,000 | e,g | Phosagro OAO Via Phosagro Bond Funding DAC | 2.600 | 09/16/28 | 2,971,961 | ||||||||||
| 273 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 50,000 | Potomac Electric Power Co | 7.900 | % | 12/15/38 | $ | 81,304 | ||||||||
| 2,500,000 | g | Promigas S.A. ESP | 3.750 | 10/16/29 | 2,512,250 | ||||||||||
| 4,000,000 | Public Service Co of Colorado | 1.875 | 06/15/31 | 3,931,320 | |||||||||||
| 550,000 | Public Service Co of Colorado | 4.750 | 08/15/41 | 685,072 | |||||||||||
| 1,600,000 | Public Service Co of Colorado | 4.050 | 09/15/49 | 1,935,631 | |||||||||||
| 275,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 291,440 | |||||||||||
| 2,500,000 | g | Rumo Luxembourg Sarl | 5.250 | 01/10/28 | 2,625,000 | ||||||||||
| 3,200,000 | g | Rumo Luxembourg Sarl | 4.200 | 01/18/32 | 3,132,000 | ||||||||||
| 4,300,000 | g | Saka Energi Indonesia PT | 4.450 | 05/05/24 | 4,132,924 | ||||||||||
| 8,400,000 | Sempra Energy | 4.875 | N/A‡ | 9,114,000 | |||||||||||
| 2,471,971 | g | Solar Star Funding LLC | 3.950 | 06/30/35 | 2,609,099 | ||||||||||
| 1,325,000 | Southern Co | 4.400 | 07/01/46 | 1,557,869 | |||||||||||
| 10,000,000 | Southern Co | 4.000 | 01/15/51 | 10,570,700 | |||||||||||
| 1,800,000 | Southern Co Gas Capital Corp | 3.875 | 11/15/25 | 1,972,297 | |||||||||||
| 625,000 | Southern Co Gas Capital Corp | 4.400 | 06/01/43 | 731,861 | |||||||||||
| 425,000 | Southern Co Gas Capital Corp | 3.950 | 10/01/46 | 471,167 | |||||||||||
| 2,100,000 | Suzano Austria GmbH | 2.500 | 09/15/28 | 2,042,250 | |||||||||||
| 1,676,148 | g | UEP Penonome II S.A. | 6.500 | 10/01/38 | 1,747,401 | ||||||||||
| 650,000 | Virginia Electric & Power Co | 2.950 | 11/15/26 | 697,634 | |||||||||||
| 650,000 | Virginia Electric & Power Co | 3.500 | 03/15/27 | 717,389 | |||||||||||
| 775,000 | Virginia Electric & Power Co | 3.800 | 09/15/47 | 874,537 | |||||||||||
| 850,000 | Wisconsin Power & Light Co | 4.100 | 10/15/44 | 971,107 | |||||||||||
| 575,000 | Xcel Energy, Inc | 3.350 | 12/01/26 | 621,940 | |||||||||||
| 215,000 | Xcel Energy, Inc | 4.800 | 09/15/41 | 264,298 | |||||||||||
| TOTAL UTILITIES | 218,580,514 | ||||||||||||||
| TOTAL CORPORATE BONDS | 2,544,844,948 | ||||||||||||||
| (Cost $2,451,766,627) | |||||||||||||||
| GOVERNMENT BONDS - 33.0% | |||||||||||||||
| FOREIGN GOVERNMENT BONDS - 3.7% | |||||||||||||||
| 1,925,000 | g | Abu Dhabi Government International Bond | 3.125 | 09/30/49 | 1,930,852 | ||||||||||
| 750,000 | g | African Export-Import Bank | 2.634 | 05/17/26 | 766,217 | ||||||||||
| 3,325,000 | g | Arab Petroleum Investments Corp | 4.125 | 09/18/23 | 3,545,249 | ||||||||||
| INR | 70,000,000 | Asian Development Bank | 6.200 | 10/06/26 | 958,701 | ||||||||||
| $ | 550,000 | g | Banque Ouest Africaine de Developpement | 5.000 | 07/27/27 | 616,100 | |||||||||
| 3,000,000 | g | Banque Ouest Africaine de Developpement | 4.700 | 10/22/31 | 3,298,230 | ||||||||||
| EUR | 1,575,000 | g | Banque Ouest Africaine de Developpement | 2.750 | 01/22/33 | 1,948,670 | |||||||||
| $ | 287,000 | g | Barbados Government International Bond | 6.500 | 10/01/29 | 288,435 | |||||||||
| 4,000,000 | g | Bermuda Government International Bond | 3.717 | 01/25/27 | 4,380,040 | ||||||||||
| 3,660,000 | g | Bermuda Government International Bond | 4.750 | 02/15/29 | 4,244,868 | ||||||||||
| 550,000 | g | Bermuda Government International Bond | 2.375 | 08/20/30 | 544,500 | ||||||||||
| 1,500,000 | e,g | BNG Bank NV | 1.500 | 10/16/24 | 1,538,912 | ||||||||||
| 1,575,000 | Brazilian Government International Bond | 4.625 | 01/13/28 | 1,655,640 | |||||||||||
| 1,450,000 | Brazilian Government International Bond | 3.875 | 06/12/30 | 1,405,702 | |||||||||||
| 1,550,000 | Brazilian Government International Bond | 5.625 | 02/21/47 | 1,552,635 | |||||||||||
| 1,500,000 | Brazilian Government International Bond | 4.750 | 01/14/50 | 1,327,905 | |||||||||||
| 3,575,000 | Chile Government International Bond | 2.550 | 01/27/32 | 3,542,217 | |||||||||||
| CNY | 8,950,000 | China Government Bond | 2.880 | 11/05/23 | 1,393,724 | ||||||||||
| 3,250,000 | China Government Bond | 3.270 | 11/19/30 | 516,257 | |||||||||||
| 3,300,000 | China Government Bond | 3.810 | 09/14/50 | 541,735 | |||||||||||
| 274 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 3,000,000 | Colombia Government International Bond | 3.250 | % | 04/22/32 | $ | 2,797,560 | ||||||||
| 1,500,000 | Colombia Government International Bond | 5.000 | 06/15/45 | 1,461,960 | |||||||||||
| 1,850,000 | g | Costa Rica Government International Bond | 5.625 | 04/30/43 | 1,641,893 | ||||||||||
| 750,000 | g | Development Bank of Japan, Inc | 0.500 | 03/04/24 | 747,327 | ||||||||||
| DOP | 90,000,000 | g | Dominican Republic Government International Bond | 9.750 | 06/05/26 | 1,927,893 | |||||||||
| 160,000,000 | g | Dominican Republic Government International Bond | 12.000 | 03/05/32 | 4,116,983 | ||||||||||
| $ | 3,000,000 | g | Dominican Republic Government International Bond | 4.875 | 09/23/32 | 3,060,030 | |||||||||
| 3,000,000 | g | Dominican Republic Government International Bond | 6.500 | 02/15/48 | 3,205,530 | ||||||||||
| 170,283 | g | Ecuador Government International Bond | 0.000 | 07/31/30 | 90,890 | ||||||||||
| 928,125 | g | Ecuador Government International Bond (Step Bond) | 5.000 | 07/31/30 | 779,634 | ||||||||||
| 650,162 | g | Ecuador Government International Bond (Step Bond) | 1.000 | 07/31/35 | 428,301 | ||||||||||
| EUR | 1,400,000 | g | Egypt Government International Bond | 5.625 | 04/16/30 | 1,546,847 | |||||||||
| $ | 1,500,000 | g | Egypt Government International Bond | 7.053 | 01/15/32 | 1,454,677 | |||||||||
| 2,475,000 | g | Egypt Government International Bond | 8.500 | 01/31/47 | 2,394,166 | ||||||||||
| 2,250,000 | g | Egypt Government International Bond | 8.875 | 05/29/50 | 2,229,457 | ||||||||||
| 1,200,000 | g | El Salvador Government International Bond | 7.625 | 02/01/41 | 843,012 | ||||||||||
| 900,000 | † | European Bank for Reconstruction & Development | 10.000 | 02/28/23 | 789,965 | ||||||||||
| 1,375,000 | g | Export-Import Bank of India | 3.875 | 02/01/28 | 1,467,044 | ||||||||||
| 2,625,000 | g | Export-Import Bank of India | 2.250 | 01/13/31 | 2,437,733 | ||||||||||
| 2,200,000 | g | Ghana Government International Bond | 8.125 | 03/26/32 | 2,084,476 | ||||||||||
| 1,675,000 | g | Guatemala Government International Bond | 4.375 | 06/05/27 | 1,788,079 | ||||||||||
| 1,200,000 | g | Guatemala Government International Bond | 6.125 | 06/01/50 | 1,380,012 | ||||||||||
| 1,925,000 | g | Honduras Government International Bond | 5.625 | 06/24/30 | 2,002,019 | ||||||||||
| 425,000 | g | Hungary Government International Bond | 2.125 | 09/22/31 | 418,726 | ||||||||||
| 650,000 | g | Hungary Government International Bond | 3.125 | 09/21/51 | 639,897 | ||||||||||
| 3,775,000 | g | Indonesia Government International Bond | 4.625 | 04/15/43 | 4,273,647 | ||||||||||
| 1,909,375 | g | Iraq Government International Bond | 5.800 | 01/15/28 | 1,840,638 | ||||||||||
| 3,100,000 | Israel Government International Bond | 3.250 | 01/17/28 | 3,400,592 | |||||||||||
| 1,175,000 | Israel Government International Bond | 4.125 | 01/17/48 | 1,411,469 | |||||||||||
| EUR | 125,000 | g | Ivory Coast Government International Bond | 4.875 | 01/30/32 | 140,859 | |||||||||
| $ | 1,022,917 | g | Ivory Coast Government International Bond (Step Bond) | 5.750 | 12/31/32 | 1,022,633 | |||||||||
| 3,025,000 | Jamaica Government International Bond | 8.000 | 03/15/39 | 4,197,218 | |||||||||||
| 2,500,000 | g | Japan Finance Organization for Municipalities | 3.000 | 03/12/24 | 2,639,472 | ||||||||||
| 1,750,000 | g | Jordan Government International Bond | 4.950 | 07/07/25 | 1,824,557 | ||||||||||
| 550,000 | g | Kazakhstan Government International Bond | 4.875 | 10/14/44 | 672,624 | ||||||||||
| 2,500,000 | g | Kenya Government International Bond | 7.000 | 05/22/27 | 2,703,359 | ||||||||||
| 575,000 | g | Kenya Government International Bond | 6.300 | 01/23/34 | 568,567 | ||||||||||
| 1,560,000 | g | Kommunalbanken AS. | 2.750 | 02/05/24 | 1,642,275 | ||||||||||
| 1,500,000 | g | Korea Housing Finance Corp | 3.000 | 10/31/22 | 1,538,697 | ||||||||||
| 3,550,000 | g | Kuwait Government International Bond | 2.750 | 03/20/22 | 3,585,059 | ||||||||||
| MYR | 3,800,000 | Malaysia Government Bond | 3.828 | 07/05/34 | 898,420 | ||||||||||
| MXN | 20,800,000 | Mexican Bonos | 8.500 | 05/31/29 | 1,077,793 | ||||||||||
| 12,200,000 | Mexican Bonos | 7.750 | 05/29/31 | 605,954 | |||||||||||
| $ | 2,200,000 | Mexico Government International Bond | 4.150 | 03/28/27 | 2,481,490 | ||||||||||
| 2,075,000 | Mexico Government International Bond | 3.250 | 04/16/30 | 2,124,738 | |||||||||||
| 1,859,000 | Mexico Government International Bond | 6.050 | 01/11/40 | 2,273,724 | |||||||||||
| 275 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 3,000,000 | Mexico Government International Bond | 4.280 | % | 08/14/41 | $ | 3,060,900 | ||||||||
| 500,000 | g | Mongolia Government International Bond | 5.125 | 04/07/26 | 524,857 | ||||||||||
| 1,025,000 | g | Morocco Government International Bond | 3.000 | 12/15/32 | 974,477 | ||||||||||
| 2,575,000 | g | Morocco Government International Bond | 5.500 | 12/11/42 | 2,896,381 | ||||||||||
| 525,000 | g | Morocco Government International Bond | 4.000 | 12/15/50 | 478,389 | ||||||||||
| 1,400,000 | g | Namibia Government International Bond | 5.250 | 10/29/25 | 1,496,465 | ||||||||||
| 1,500,000 | g | Nederlandse Waterschapsbank NV | 1.875 | 04/14/22 | 1,513,562 | ||||||||||
| 1,175,000 | g | Nigeria Government International Bond | 6.500 | 11/28/27 | 1,219,018 | ||||||||||
| 1,250,000 | g | Nigeria Government International Bond | 7.375 | 09/28/33 | 1,260,000 | ||||||||||
| 400,000 | g | Oman Government International Bond | 6.750 | 10/28/27 | 444,944 | ||||||||||
| 1,000,000 | g | Oman Government International Bond | 6.250 | 01/25/31 | 1,070,421 | ||||||||||
| 1,500,000 | g | Oman Government International Bond | 7.375 | 10/28/32 | 1,709,659 | ||||||||||
| 400,000 | e,g | Oman Sovereign Sukuk Co | 4.875 | 06/15/30 | 420,869 | ||||||||||
| 1,800,000 | Panama Bonos del Tesoro | 3.362 | 06/30/31 | 1,813,500 | |||||||||||
| 3,000,000 | Panama Government International Bond | 4.300 | 04/29/53 | 3,173,490 | |||||||||||
| 1,600,000 | Panama Notas del Tesoro | 3.750 | 04/17/26 | 1,716,800 | |||||||||||
| 925,000 | g | Paraguay Government International Bond | 4.700 | 03/27/27 | 1,024,447 | ||||||||||
| 1,475,000 | g | Paraguay Government International Bond | 5.400 | 03/30/50 | 1,692,577 | ||||||||||
| 3,400,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 3,672,510 | ||||||||||
| 3,350,000 | g | Perusahaan Penerbit SBSN Indonesia III | 4.400 | 03/01/28 | 3,811,329 | ||||||||||
| 77,392 | g | Petroamazonas EP | 4.625 | 12/06/21 | 76,927 | ||||||||||
| 1,900,000 | Philippine Government International Bond | 2.950 | 05/05/45 | 1,807,956 | |||||||||||
| 1,836,781 | g | Provincia de Buenos Aires | 3.900 | 09/01/37 | 881,655 | ||||||||||
| 1,500,000 | g | Provincia de Mendoza Argentina (Step Bond) | 4.250 | 03/19/29 | 1,050,000 | ||||||||||
| 700,000 | g | Qatar Government International Bond | 3.400 | 04/16/25 | 754,963 | ||||||||||
| 1,375,000 | g | Qatar Government International Bond | 3.750 | 04/16/30 | 1,549,808 | ||||||||||
| 3,600,000 | g | Qatar Government International Bond | 4.400 | 04/16/50 | 4,392,699 | ||||||||||
| GHS | 8,800,000 | Republic of Ghana Government Bonds | 16.500 | 02/06/23 | 1,469,649 | ||||||||||
| $ | 5,000,000 | Republic of Italy Government International Bond | 4.000 | 10/17/49 | 5,519,042 | ||||||||||
| UZS | 5,320,000,000 | g | Republic of Uzbekistan Bond | 14.500 | 11/25/23 | 492,593 | |||||||||
| $ | 2,150,000 | g | Republic of Uzbekistan Bond | 4.750 | 02/20/24 | 2,251,077 | |||||||||
| 675,000 | g | Republic of Uzbekistan Bond | 3.700 | 11/25/30 | 653,624 | ||||||||||
| UZS | 5,708,925,000 | g | Republic of Uzbekistan International Bond | 14.000 | 07/19/24 | 544,622 | |||||||||
| $ | 2,750,000 | g | Romanian Government International Bond | 4.375 | 08/22/23 | 2,931,484 | |||||||||
| 1,425,000 | g | Romanian Government International Bond | 4.000 | 02/14/51 | 1,418,878 | ||||||||||
| RUB | 74,000,000 | Russian Federal Bond-OFZ | 6.000 | 10/06/27 | 960,087 | ||||||||||
| $ | 1,600,000 | g | Russian Foreign Bond - Eurobond | 5.100 | 03/28/35 | 1,915,312 | |||||||||
| 3,150,000 | g | Rwanda International Government Bond | 5.500 | 08/09/31 | 3,279,266 | ||||||||||
| 1,175,000 | g | Saudi Government International Bond | 4.500 | 04/17/30 | 1,376,990 | ||||||||||
| 2,000,000 | g | Saudi Government International Bond | 3.750 | 01/21/55 | 2,085,820 | ||||||||||
| 1,225,000 | g | Serbia International Bond | 2.125 | 12/01/30 | 1,146,975 | ||||||||||
| 2,350,000 | South Africa Government International Bond | 4.300 | 10/12/28 | 2,364,315 | |||||||||||
| ZAR | 9,000,000 | South Africa Government International Bond | 7.000 | 02/28/31 | 502,404 | ||||||||||
| 9,300,000 | South Africa Government International Bond | 8.750 | 01/31/44 | 509,061 | |||||||||||
| $ | 2,800,000 | South Africa Government International Bond | 5.375 | 07/24/44 | 2,636,362 | ||||||||||
| 2,050,000 | State of Israel | 3.375 | 01/15/50 | 2,171,409 | |||||||||||
| 2,400,000 | State of Israel | 3.800 | 05/13/60 | 2,665,881 | |||||||||||
| THB | 37,000,000 | Thailand Government International Bond | 3.300 | 06/17/38 | 1,214,622 | ||||||||||
| $ | 2,500,000 | g | Turkiye Ihracat Kredi Bankasi AS. | 5.750 | 07/06/26 | 2,448,249 | |||||||||
| 1,250,000 | g | Ukraine Government International Bond | 6.876 | 05/21/29 | 1,267,611 | ||||||||||
| EUR | 1,700,000 | g | Ukraine Government International Bond | 4.375 | 01/27/30 | 1,820,000 | |||||||||
| UYU | 59,000,000 | g | Uruguay Government International Bond | 9.875 | 06/20/22 | 1,404,040 | |||||||||
| 276 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 2,925,000 | Uruguay Government International Bond | 4.125 | % | 11/20/45 | $ | 3,410,053 | ||||||||||
| 700,000 | Uruguay Government International Bond | 5.100 | 06/18/50 | 889,721 | |||||||||||||
| 1,500,000 | g | Zambia Government International Bond | 8.500 | 04/14/24 | 1,170,525 | ||||||||||||
| TOTAL FOREIGN GOVERNMENT BONDS | 213,662,760 | ||||||||||||||||
| MORTGAGE BACKED - 20.7% | |||||||||||||||||
| 2,632,000 | Federal Home Loan Mortgage Corp (FHLMC) | 3.000 | 10/15/33 | 2,819,120 | |||||||||||||
| 1,948,691 | FHLMC | 3.500 | 08/15/43 | 1,993,800 | |||||||||||||
| 2,429,243 | FHLMC | 3.500 | 03/15/44 | 2,572,753 | |||||||||||||
| 2,107,791 | i | FHLMC | LIBOR 1 M + 5.920% | 5.836 | 03/15/44 | 373,699 | |||||||||||
| 6,846,521 | FHLMC | 4.000 | 10/01/47 | 7,572,083 | |||||||||||||
| 344,019 | FHLMC | 4.000 | 06/01/48 | 377,236 | |||||||||||||
| 4,331,532 | i | FHLMC | LIBOR 1 M + 9.920% | 9.786 | 06/15/48 | 5,004,349 | |||||||||||
| 223,084 | FHLMC | 4.000 | 07/01/48 | 245,574 | |||||||||||||
| 3,141,158 | i | FHLMC | LIBOR 1 M + 9.840% | 9.706 | 10/15/48 | 3,746,315 | |||||||||||
| 52,589,899 | FHLMC | 3.000 | 11/01/49 | 55,909,009 | |||||||||||||
| 8,985,919 | FHLMC | 2.000 | 09/25/50 | 1,052,172 | |||||||||||||
| 12,681,013 | FHLMC | 2.500 | 11/25/50 | 2,105,555 | |||||||||||||
| 16,531,776 | FHLMC | 2.500 | 02/25/51 | 2,852,381 | |||||||||||||
| 619 | Federal Home Loan Mortgage Corp Gold (FGLMC) | 8.000 | 01/01/31 | 629 | |||||||||||||
| 151,317 | FGLMC | 7.000 | 12/01/33 | 173,456 | |||||||||||||
| 24,845 | FGLMC | 4.500 | 10/01/34 | 27,567 | |||||||||||||
| 43,239 | FGLMC | 7.000 | 05/01/35 | 48,945 | |||||||||||||
| 1,413,199 | FGLMC | 5.000 | 06/01/36 | 1,611,152 | |||||||||||||
| 685,410 | FGLMC | 4.500 | 10/01/44 | 758,351 | |||||||||||||
| 105,438 | FGLMC | 4.500 | 11/01/44 | 117,529 | |||||||||||||
| 163,824 | FGLMC | 4.500 | 11/01/44 | 182,828 | |||||||||||||
| 84,029 | FGLMC | 4.500 | 12/01/44 | 92,318 | |||||||||||||
| 104,178 | FGLMC | 4.500 | 12/01/44 | 115,437 | |||||||||||||
| 678,406 | FGLMC | 3.500 | 04/01/45 | 742,357 | |||||||||||||
| 2,693,480 | FGLMC | 3.500 | 08/01/45 | 2,960,192 | |||||||||||||
| 1,552,432 | FGLMC | 3.500 | 10/01/45 | 1,694,986 | |||||||||||||
| 3,604,373 | FGLMC | 4.000 | 12/01/45 | 3,999,628 | |||||||||||||
| 13,192,267 | FGLMC | 3.500 | 08/01/46 | 14,402,914 | |||||||||||||
| 1,808,797 | FGLMC | 4.500 | 06/01/47 | 2,024,967 | |||||||||||||
| 2,027,139 | FGLMC | 4.000 | 09/01/47 | 2,242,033 | |||||||||||||
| 2,003,175 | FGLMC | 3.500 | 12/01/47 | 2,170,580 | |||||||||||||
| 1,582,831 | FGLMC | 4.000 | 07/01/48 | 1,742,932 | |||||||||||||
| 12,120,040 | FGLMC | 4.500 | 08/01/48 | 13,536,779 | |||||||||||||
| 237 | Federal National Mortgage Association (FNMA) | 7.000 | 07/01/22 | 238 | |||||||||||||
| 212 | FNMA | 6.500 | 07/25/22 | 216 | |||||||||||||
| 1,129 | FNMA | 9.000 | 11/01/25 | 1,217 | |||||||||||||
| 12,801 | FNMA | 7.000 | 05/01/26 | 13,854 | |||||||||||||
| 39,528 | FNMA | 7.000 | 07/25/26 | 43,006 | |||||||||||||
| 1,105 | FNMA | 7.500 | 01/01/29 | 1,212 | |||||||||||||
| 485 | FNMA | 7.500 | 02/01/30 | 540 | |||||||||||||
| 133,371 | FNMA | 6.500 | 12/01/31 | 149,079 | |||||||||||||
| 288,877 | FNMA | 6.000 | 04/01/32 | 322,941 | |||||||||||||
| 1,553,929 | FNMA | 3.500 | 05/01/32 | 1,668,962 | |||||||||||||
| 200,604 | FNMA | 7.000 | 07/01/32 | 233,196 | |||||||||||||
| 61,227 | FNMA | 7.000 | 07/01/32 | 70,048 | |||||||||||||
| 42,086 | FNMA | 7.000 | 07/01/32 | 48,469 | |||||||||||||
| 37,000,000 | h | FNMA | 2.500 | 10/25/32 | 38,545,039 | ||||||||||||
| 277 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,665,128 | FNMA | 3.500 | % | 11/01/32 | $ | 1,799,000 | ||||||||||
| 42,255 | FNMA | 4.500 | 10/01/33 | 46,987 | |||||||||||||
| 35,110 | FNMA | 6.000 | 03/01/34 | 38,308 | |||||||||||||
| 1,895,539 | FNMA | 5.000 | 05/01/35 | 2,158,376 | |||||||||||||
| 105,371 | FNMA | 5.000 | 06/25/35 | 108,056 | |||||||||||||
| 1,115,012 | FNMA | 5.000 | 10/01/35 | 1,271,509 | |||||||||||||
| 59,900,000 | h | FNMA | 2.000 | 10/25/35 | 61,689,980 | ||||||||||||
| 831,701 | FNMA | 5.000 | 02/01/36 | 948,951 | |||||||||||||
| 6,100,000 | h | FNMA | 1.500 | 10/25/36 | 6,160,285 | ||||||||||||
| 1,064,737 | FNMA | 6.500 | 08/01/37 | 1,198,566 | |||||||||||||
| 59,273 | FNMA | 6.000 | 09/01/37 | 67,247 | |||||||||||||
| 711,198 | FNMA | 5.500 | 11/01/38 | 830,229 | |||||||||||||
| 639,224 | FNMA | 5.500 | 03/01/39 | 739,986 | |||||||||||||
| 581,485 | FNMA | 6.000 | 09/01/39 | 680,563 | |||||||||||||
| 8,305,267 | FNMA | 3.000 | 05/01/40 | 8,731,377 | |||||||||||||
| 2,801,952 | FNMA | 3.500 | 05/01/40 | 2,977,535 | |||||||||||||
| 306,077 | FNMA | 5.000 | 09/01/40 | 346,055 | |||||||||||||
| 495,899 | FNMA | 5.000 | 05/01/41 | 566,530 | |||||||||||||
| 3,699,311 | FNMA | 4.000 | 09/01/42 | 4,039,411 | |||||||||||||
| 431,525 | i | FNMA | 3.000 | 12/25/42 | 207,880 | ||||||||||||
| 988,143 | FNMA | 3.000 | 04/25/43 | 1,018,795 | |||||||||||||
| 3,056,649 | i | FNMA | LIBOR 1 M + 5.950% | 5.864 | 09/25/43 | 568,042 | |||||||||||
| 2,681,675 | FNMA | 4.000 | 01/01/44 | 2,968,087 | |||||||||||||
| 960,668 | FNMA | 4.500 | 02/01/44 | 1,067,303 | |||||||||||||
| 182,619 | FNMA | 4.500 | 03/01/44 | 205,486 | |||||||||||||
| 833,644 | FNMA | 4.500 | 06/01/44 | 928,945 | |||||||||||||
| 2,430,332 | FNMA | 4.500 | 10/01/44 | 2,708,177 | |||||||||||||
| 431,344 | FNMA | 4.000 | 11/01/44 | 473,087 | |||||||||||||
| 680,158 | FNMA | 5.000 | 11/01/44 | 773,717 | |||||||||||||
| 660,923 | FNMA | 4.000 | 01/01/45 | 721,701 | |||||||||||||
| 3,419,325 | FNMA | 3.000 | 02/25/45 | 3,544,003 | |||||||||||||
| 1,970,899 | FNMA | 3.000 | 02/25/45 | 2,016,461 | |||||||||||||
| 137,305 | FNMA | 3.500 | 03/01/45 | 148,385 | |||||||||||||
| 153,251 | FNMA | 3.500 | 03/01/45 | 167,424 | |||||||||||||
| 267,642 | FNMA | 4.500 | 03/01/45 | 295,591 | |||||||||||||
| 1,820,940 | FNMA | 3.000 | 03/25/45 | 1,875,761 | |||||||||||||
| 2,132,984 | FNMA | 3.500 | 04/25/45 | 2,203,798 | |||||||||||||
| 1,756,471 | FNMA | 3.500 | 05/01/45 | 1,929,719 | |||||||||||||
| 4,839,625 | FNMA | 4.000 | 06/01/45 | 5,327,173 | |||||||||||||
| 1,957,557 | FNMA | 4.000 | 12/01/45 | 2,165,361 | |||||||||||||
| 497,295 | FNMA | 4.000 | 12/01/45 | 543,097 | |||||||||||||
| 4,039,936 | FNMA | 3.000 | 12/25/45 | 4,146,345 | |||||||||||||
| 816,318 | FNMA | 3.500 | 01/01/46 | 890,972 | |||||||||||||
| 4,371,438 | FNMA | 4.000 | 01/01/46 | 4,838,534 | |||||||||||||
| 2,479,673 | FNMA | 4.000 | 03/01/46 | 2,739,779 | |||||||||||||
| 582,972 | FNMA | 4.000 | 04/01/46 | 641,744 | |||||||||||||
| 410,831 | FNMA | 3.500 | 06/01/46 | 448,404 | |||||||||||||
| 4,077,163 | FNMA | 3.500 | 07/01/46 | 4,450,036 | |||||||||||||
| 5,399,927 | FNMA | 3.500 | 07/01/46 | 5,890,533 | |||||||||||||
| 121,084 | FNMA | 3.000 | 08/01/46 | 127,895 | |||||||||||||
| 2,275,682 | FNMA | 3.000 | 10/01/46 | 2,351,319 | |||||||||||||
| 1,503,998 | FNMA | 3.500 | 10/01/46 | 1,636,858 | |||||||||||||
| 16,832,905 | FNMA | 3.000 | 11/01/46 | 17,793,112 | |||||||||||||
| 278 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 10,400,723 | FNMA | 3.500 | % | 01/01/47 | $ | 11,089,667 | ||||||||
| 1,641,554 | FNMA | 3.000 | 04/25/47 | 1,739,238 | |||||||||||
| 2,082,299 | FNMA | 4.500 | 05/01/47 | 2,323,722 | |||||||||||
| 4,429,482 | FNMA | 3.500 | 09/01/47 | 4,761,705 | |||||||||||
| 1,846,079 | FNMA | 4.000 | 09/01/47 | 1,994,413 | |||||||||||
| 16,249,221 | FNMA | 4.000 | 09/01/47 | 17,518,381 | |||||||||||
| 2,301,670 | FNMA | 3.000 | 11/01/47 | 2,372,783 | |||||||||||
| 1,543,111 | FNMA | 3.500 | 11/01/47 | 1,683,333 | |||||||||||
| 6,648,923 | FNMA | 4.000 | 12/01/47 | 7,344,411 | |||||||||||
| 651,906 | FNMA | 4.000 | 12/01/47 | 703,236 | |||||||||||
| 13,394,064 | FNMA | 3.500 | 01/01/48 | 14,570,530 | |||||||||||
| 1,152,322 | FNMA | 3.500 | 01/01/48 | 1,257,910 | |||||||||||
| 7,166,737 | FNMA | 4.500 | 01/01/48 | 7,979,642 | |||||||||||
| 1,481,916 | FNMA | 4.500 | 02/01/48 | 1,649,672 | |||||||||||
| 13,160,429 | FNMA | 3.000 | 02/25/48 | 13,869,728 | |||||||||||
| 2,507,927 | FNMA | 4.000 | 03/01/48 | 2,744,122 | |||||||||||
| 5,984,996 | FNMA | 4.500 | 03/01/48 | 6,633,751 | |||||||||||
| 386,255 | FNMA | 4.000 | 04/01/48 | 413,373 | |||||||||||
| 4,843,607 | FNMA | 4.500 | 05/01/48 | 5,368,676 | |||||||||||
| 3,550,379 | FNMA | 4.500 | 05/01/48 | 3,921,052 | |||||||||||
| 2,769,103 | FNMA | 5.000 | 08/01/48 | 3,084,179 | |||||||||||
| 2,055 | FNMA | 3.000 | 05/01/49 | 2,107 | |||||||||||
| 740,822 | FNMA | 3.000 | 08/01/49 | 796,872 | |||||||||||
| 7,018,531 | FNMA | 3.000 | 01/25/50 | 7,340,989 | |||||||||||
| 6,466,001 | FNMA | 2.000 | 08/25/50 | 760,153 | |||||||||||
| 12,150,000 | h | FNMA | 3.000 | 10/25/50 | 12,713,361 | ||||||||||
| 16,360,250 | FNMA | 2.500 | 11/25/50 | 2,307,147 | |||||||||||
| 101,020 | FNMA | 3.000 | 02/25/51 | 14,994 | |||||||||||
| 95,010,000 | h | FNMA | 2.000 | 10/25/51 | 95,266,082 | ||||||||||
| 59,535,000 | h | FNMA | 2.500 | 10/25/51 | 61,383,841 | ||||||||||
| 99,490,000 | h | FNMA | 2.000 | 11/25/51 | 99,579,386 | ||||||||||
| 147,135,000 | h | FNMA | 2.500 | 11/25/51 | 151,416,858 | ||||||||||
| 62,250,000 | h | FNMA | 3.000 | 11/25/51 | 65,055,164 | ||||||||||
| 10,000,000 | g,i | Flagstar Mortgage Trust | 3.000 | 10/25/51 | 10,301,749 | ||||||||||
| 70,647 | Government National Mortgage Association (GNMA) | 5.000 | 02/15/33 | 79,911 | |||||||||||
| 109,866 | GNMA | 5.000 | 09/15/33 | 126,391 | |||||||||||
| 3,721,486 | GNMA | 3.700 | 10/15/33 | 3,978,473 | |||||||||||
| 14,006 | GNMA | 5.500 | 04/15/34 | 15,852 | |||||||||||
| 13,850 | GNMA | 5.000 | 04/15/38 | 15,731 | |||||||||||
| 11,180 | GNMA | 4.500 | 02/20/39 | 12,935 | |||||||||||
| 796,796 | GNMA | 4.500 | 02/20/41 | 893,617 | |||||||||||
| 15,173 | GNMA | 4.500 | 08/20/41 | 17,194 | |||||||||||
| 33,679 | GNMA | 4.500 | 09/20/41 | 38,184 | |||||||||||
| 9,915 | GNMA | 4.500 | 01/20/44 | 11,473 | |||||||||||
| 6,651 | GNMA | 4.500 | 02/20/44 | 7,620 | |||||||||||
| 21,118 | GNMA | 4.500 | 05/20/44 | 24,441 | |||||||||||
| 66,215 | GNMA | 4.500 | 05/20/44 | 73,748 | |||||||||||
| 103,686 | GNMA | 4.500 | 08/20/44 | 115,142 | |||||||||||
| 88,190 | GNMA | 4.500 | 09/20/44 | 101,228 | |||||||||||
| 51,881 | GNMA | 4.500 | 10/20/44 | 58,077 | |||||||||||
| 26,748 | GNMA | 4.500 | 11/20/44 | 28,815 | |||||||||||
| 72,653 | GNMA | 4.500 | 12/20/44 | 83,441 | |||||||||||
| 80,192 | GNMA | 4.500 | 02/20/45 | 90,126 | |||||||||||
| 279 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 173,652 | GNMA | 4.500 | % | 08/20/45 | $ | 201,024 | ||||||||
| 139,575 | GNMA | 4.500 | 08/20/45 | 161,574 | |||||||||||
| 102,705 | GNMA | 4.500 | 12/20/45 | 117,733 | |||||||||||
| 3,890,601 | GNMA | 4.000 | 06/20/46 | 475,327 | |||||||||||
| 28,740,000 | h | GNMA | 3.000 | 10/20/46 | 30,026,564 | ||||||||||
| 27,400,000 | h | GNMA | 3.000 | 11/20/47 | 28,578,414 | ||||||||||
| 5,154,842 | GNMA | 3.500 | 01/20/49 | 5,589,301 | |||||||||||
| 19,450,000 | h | GNMA | 2.000 | 10/20/51 | 19,730,354 | ||||||||||
| 105,000,000 | h | GNMA | 2.500 | 10/20/51 | 108,391,993 | ||||||||||
| 20,700,000 | h | GNMA | 2.000 | 11/20/51 | 20,958,750 | ||||||||||
| 4,657,804 | g,i | JP Morgan Mortgage Trust | 2.500 | 01/25/52 | 4,666,901 | ||||||||||
| 4,094,131 | g,i | Morgan Stanley Residential Mortgage Loan Trust | 2.500 | 08/25/51 | 4,104,685 | ||||||||||
| TOTAL MORTGAGE BACKED | 1,197,317,364 | ||||||||||||||
| MUNICIPAL BONDS - 2.3% | |||||||||||||||
| 9,745,000 | Chicago Housing Authority | 3.922 | 01/01/27 | 10,806,694 | |||||||||||
| 1,620,000 | City & County of San Francisco CA Community Facilities District | 3.000 | 09/01/25 | 1,730,120 | |||||||||||
| 1,200,000 | City & County of San Francisco CA Community Facilities District | 3.250 | 09/01/27 | 1,304,050 | |||||||||||
| 5,500,000 | City of Cleveland OH Airport System Revenue | 2.492 | 01/01/25 | 5,736,932 | |||||||||||
| 4,155,000 | City of Cleveland OH Airport System Revenue | 2.832 | 01/01/30 | 4,352,938 | |||||||||||
| 1,040,000 | City of Fort Worth TX | 3.955 | 03/01/32 | 1,091,051 | |||||||||||
| 1,390,000 | City of Fort Worth TX | 4.088 | 03/01/37 | 1,452,301 | |||||||||||
| 2,500,000 | City of Inglewood CA | 4.300 | 09/01/40 | 2,692,065 | |||||||||||
| 500,000 | City of San Angelo TX Water & Sewer Revenue | 4.261 | 02/15/37 | 506,125 | |||||||||||
| 2,995,000 | County of Miami-Dade FL Aviation Revenue | 2.218 | 10/01/22 | 3,050,712 | |||||||||||
| 1,555,000 | County of Miami-Dade FL Aviation Revenue | 3.354 | 10/01/29 | 1,678,924 | |||||||||||
| 5,475,000 | County of Miami-Dade FL Aviation Revenue | 4.280 | 10/01/41 | 6,025,285 | |||||||||||
| 2,000,000 | Denver City & County School District No. 1 | 4.242 | 12/15/37 | 2,360,587 | |||||||||||
| 2,000,000 | Florida Municipal Power Agency | 2.769 | 10/01/23 | 2,093,705 | |||||||||||
| 2,100,000 | Florida Municipal Power Agency | 2.919 | 10/01/24 | 2,239,492 | |||||||||||
| 3,000,000 | Florida Municipal Power Agency | 3.059 | 10/01/25 | 3,245,673 | |||||||||||
| 7,920,000 | Grand Parkway Transportation Corp | 3.236 | 10/01/52 | 8,185,185 | |||||||||||
| 205,000 | Illinois Housing Development Authority | 4.105 | 07/01/27 | 207,788 | |||||||||||
| 3,840,000 | Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy | 3.375 | 09/01/35 | 4,164,836 | |||||||||||
| 1,250,000 | Maryland Community Development Administration Housing Revenue | 2.713 | 03/01/25 | 1,314,519 | |||||||||||
| 1,095,000 | Massachusetts Housing Finance Agency | 4.621 | 12/01/38 | 1,128,015 | |||||||||||
| 545,000 | Massachusetts Housing Finance Agency | 4.721 | 06/01/40 | 559,983 | |||||||||||
| 3,515,000 | New Jersey Economic Development Authority | 4.150 | 06/15/22 | 3,599,519 | |||||||||||
| 1,615,000 | New Jersey Institute of Technology | 4.177 | 07/01/37 | 1,776,363 | |||||||||||
| 1,000,000 | New York State Dormitory Authority | 2.012 | 07/01/28 | 1,009,933 | |||||||||||
| 2,495,000 | New York Transportation Development Corp | 5.000 | 01/01/27 | 2,985,839 | |||||||||||
| 7,280,000 | New York Transportation Development Corp | 4.248 | 09/01/35 | 8,090,521 | |||||||||||
| 5,000,000 | †,g,q | Oregon State Business Development Commission | 6.500 | 04/01/31 | 1,075,000 | ||||||||||
| 780,000 | †,g | Oregon State Business Development Commission | 0.000 | 04/01/37 | 167,786 | ||||||||||
| 11,235,000 | Port Authority of New York & New Jersey | 1.086 | 07/01/23 | 11,379,518 | |||||||||||
| 2,000,000 | Port of Seattle WA | 3.471 | 05/01/31 | 2,175,317 | |||||||||||
| 280 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 860,000 | Public Finance Authority | 4.269 | % | 07/01/40 | $ | 987,293 | ||||||||
| 5,000,000 | Rhode Island Convention Center Authority | 3.195 | 05/15/26 | 5,403,830 | |||||||||||
| 3,750,000 | Rhode Island Convention Center Authority | 3.265 | 05/15/27 | 4,081,861 | |||||||||||
| 2,045,000 | Sangamon County Water Reclamation District | 3.272 | 01/01/37 | 2,090,059 | |||||||||||
| 2,100,000 | State of Colorado | 4.047 | 09/01/38 | 2,291,432 | |||||||||||
| 7,000,000 | University of California | 3.063 | 07/01/25 | 7,530,867 | |||||||||||
| 4,385,000 | Virgin Islands Public Finance Authority | 5.000 | 10/01/21 | 4,385,000 | |||||||||||
| 4,157,164 | g | Virgin Islands Water & Power Authority-Electric System | 7.500 | 07/01/22 | 4,176,249 | ||||||||||
| 1,245,000 | Wake Forest University | 3.093 | 06/01/26 | 1,320,377 | |||||||||||
| TOTAL MUNICIPAL BONDS | 130,453,744 | ||||||||||||||
| U.S. TREASURY SECURITIES - 6.3% | |||||||||||||||
| 3,900,000 | United States Treasury Note | 0.125 | 06/30/22 | 3,901,219 | |||||||||||
| 665,000 | United States Treasury Note | 0.125 | 10/31/22 | 665,078 | |||||||||||
| 13,975,000 | United States Treasury Note | 0.125 | 12/31/22 | 13,970,633 | |||||||||||
| 19,715,000 | United States Treasury Note | 0.125 | 01/31/23 | 19,704,988 | |||||||||||
| 4,795,000 | United States Treasury Note | 0.125 | 02/28/23 | 4,791,441 | |||||||||||
| 725,000 | United States Treasury Note | 0.125 | 03/31/23 | 724,292 | |||||||||||
| 550,000 | United States Treasury Note | 0.125 | 05/31/23 | 549,119 | |||||||||||
| 89,605,000 | United States Treasury Note | 0.375 | 07/15/24 | 89,359,986 | |||||||||||
| 825,000 | United States Treasury Note | 0.750 | 08/31/26 | 816,170 | |||||||||||
| 910,000 | United States Treasury Note | 0.625 | 12/31/27 | 877,937 | |||||||||||
| 768,000 | United States Treasury Note | 1.125 | 08/31/28 | 758,880 | |||||||||||
| 335,000 | United States Treasury Note | 1.250 | 08/15/31 | 326,887 | |||||||||||
| 9,700,000 | United States Treasury Note | 1.875 | 02/15/41 | 9,487,812 | |||||||||||
| 22,630,000 | United States Treasury Note | 2.250 | 05/15/41 | 23,531,664 | |||||||||||
| 21,250,000 | United States Treasury Note | 1.750 | 08/15/41 | 20,313,672 | |||||||||||
| 98,174,000 | United States Treasury Note | 1.250 | 05/15/50 | 80,314,769 | |||||||||||
| 28,475,000 | United States Treasury Note | 2.375 | 05/15/51 | 30,388,164 | |||||||||||
| 62,716,400 | United States Treasury Note | 2.000 | 08/15/51 | 61,609,064 | |||||||||||
| TOTAL U.S. TREASURY SECURITIES | 362,091,775 | ||||||||||||||
| TOTAL GOVERNMENT BONDS | 1,903,525,643 | ||||||||||||||
| (Cost $1,901,593,006) | |||||||||||||||
| STRUCTURED ASSETS - 16.4% | |||||||||||||||
| ASSET BACKED - 8.0% | |||||||||||||||
| 2,287,147 | g | AASET Trust | 4.335 | 01/16/40 | 1,656,371 | ||||||||||
| Series - 2020 1A (Class B) | |||||||||||||||
| 1,012,824 | g | AASET Trust | 6.413 | 01/16/40 | 499,685 | ||||||||||
| Series - 2020 1A (Class C) | |||||||||||||||
| 6,693,551 | g | Adams Outdoor Advertising LP | 4.810 | 11/15/48 | 7,031,565 | ||||||||||
| Series - 2018 1 (Class A) | |||||||||||||||
| 6,500,000 | g | Adams Outdoor Advertising LP | 7.356 | 11/15/48 | 6,726,330 | ||||||||||
| Series - 2018 1 (Class C) | |||||||||||||||
| 1,350,000 | g | Affirm Asset Securitization Trust | 3.490 | 08/15/25 | 1,365,611 | ||||||||||
| Series - 2021 A (Class D) | |||||||||||||||
| 1,500,000 | g | Affirm Asset Securitization Trust | 4.610 | 08/17/26 | 1,509,159 | ||||||||||
| Series - 2021 B (Class E) | |||||||||||||||
| 1,097,096 | American Airlines Pass Through Trust | 3.575 | 01/15/28 | 1,119,023 | |||||||||||
| Series - 2016 1 (Class AA) | |||||||||||||||
| 1,525,629 | g | American Homes 4 Rent Trust | 3.786 | 10/17/36 | 1,610,690 | ||||||||||
| Series - 2014 SFR2 (Class A) | |||||||||||||||
| 281 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,358,696 | g | AMSR Trust | 1.819 | % | 04/17/37 | $ | 1,371,110 | |||||||||
| Series - 2020 SFR1 (Class A) | |||||||||||||||||
| 2,625,000 | g | AMSR Trust | 3.247 | 01/19/39 | 2,715,929 | ||||||||||||
| Series - 2019 SFR1 (Class D) | |||||||||||||||||
| 9,000,000 | g,i | Apidos CLO XXIV | LIBOR 3 M + 1.350% | 1.484 | 10/20/30 | 8,999,973 | |||||||||||
| Series - 2016 24A (Class A2LX) | |||||||||||||||||
| 1,000,000 | g,i | Apidos CLO XXIX | LIBOR 3 M + 1.550% | 1.675 | 07/25/30 | 1,000,024 | |||||||||||
| Series - 2018 29A (Class A2) | |||||||||||||||||
| 3,974,850 | g | Applebee’s Funding LLC | 4.194 | 06/07/49 | 4,044,529 | ||||||||||||
| Series - 2019 1A (Class A2I) | |||||||||||||||||
| 1,712,700 | g | Applebee’s Funding LLC | 4.723 | 06/07/49 | 1,799,469 | ||||||||||||
| Series - 2019 1A (Class A2II) | |||||||||||||||||
| 1,859,282 | g,i | AREIT Trust | LIBOR 1 M + 1.134% | 1.184 | 09/14/36 | 1,858,616 | |||||||||||
| Series - 2019 CRE3 (Class A) | |||||||||||||||||
| 1,666,667 | g | Avis Budget Rental Car Funding AESOP LLC | 3.360 | 11/20/22 | 1,670,945 | ||||||||||||
| Series - 2016 2A (Class B) | |||||||||||||||||
| 2,276,667 | g | Avis Budget Rental Car Funding AESOP LLC | 4.830 | 11/20/22 | 2,284,082 | ||||||||||||
| Series - 2016 2A (Class C) | |||||||||||||||||
| 1,500,000 | g | Avis Budget Rental Car Funding AESOP LLC | 4.150 | 09/20/23 | 1,532,309 | ||||||||||||
| Series - 2017 1A (Class C) | |||||||||||||||||
| 7,500,000 | g | Avis Budget Rental Car Funding AESOP LLC | 2.970 | 03/20/24 | 7,742,604 | ||||||||||||
| Series - 2017 2A (Class A) | |||||||||||||||||
| 975,000 | g | Avis Budget Rental Car Funding AESOP LLC | 4.950 | 03/20/25 | 1,049,483 | ||||||||||||
| Series - 2018 2A (Class C) | |||||||||||||||||
| 1,910,000 | g | Avis Budget Rental Car Funding AESOP LLC | 4.240 | 09/22/25 | 2,040,399 | ||||||||||||
| Series - 2019 2A (Class C) | |||||||||||||||||
| 3,100,000 | g | Avis Budget Rental Car Funding AESOP LLC | 2.130 | 08/20/27 | 3,088,655 | ||||||||||||
| Series - 2021 1A (Class C) | |||||||||||||||||
| 198,416 | i | Bayview Financial Mortgage Pass-Through Trust | 5.500 | 12/28/35 | 198,192 | ||||||||||||
| Series - 2005 D (Class AF4) | |||||||||||||||||
| 1,500,000 | i | Bayview Financial Mortgage Pass-Through Trust | LIBOR 1 M + 0.975% | 1.060 | 02/28/41 | 1,500,958 | |||||||||||
| Series - 2006 A (Class M3) | |||||||||||||||||
| 40,587 | i | Bear Stearns Asset Backed Securities Trust | LIBOR 1 M + 1.005% | 1.091 | 04/25/36 | 40,570 | |||||||||||
| Series - 2006 SD1 (Class M1) | |||||||||||||||||
| 4,900,000 | g | Bojangles Issuer LLC | 3.832 | 10/20/50 | 5,075,606 | ||||||||||||
| Series - 2020 1A (Class A2) | |||||||||||||||||
| 1,000,000 | g,i | Bonanza RE Ltd | U.S. Treasury Bill 3 M + 4.750% | 4.778 | 12/23/24 | 1,017,100 | |||||||||||
| 2,268,616 | g | BRE Grand Islander Timeshare Issuer LLC | 3.280 | 09/26/33 | 2,366,122 | ||||||||||||
| Series - 2019 A (Class A) | |||||||||||||||||
| 1,218,481 | g | British Airways 2020-, Cl B Pass Through Trust | 8.375 | 11/15/28 | 1,430,639 | ||||||||||||
| 875,153 | g | British Airways 2020-1 Class A Pass Through Trust | 4.250 | 11/15/32 | 943,654 | ||||||||||||
| 4,520,441 | g | Capital Automotive REIT | 3.870 | 04/15/47 | 4,531,503 | ||||||||||||
| Series - 2017 1A (Class A1) | |||||||||||||||||
| 5,100,000 | g | Capital Automotive REIT | 4.520 | 02/15/50 | 5,318,081 | ||||||||||||
| Series - 2020 1A (Class B2) | |||||||||||||||||
| 3,170,000 | g | Capital Automotive REIT | 1.920 | 08/15/51 | 3,169,211 | ||||||||||||
| Series - 2021 1A (Class A3) | |||||||||||||||||
| 2,490,625 | g | Cars Net Lease Mortgage Notes Series | 3.100 | 12/15/50 | 2,553,953 | ||||||||||||
| Series - 2020 1A (Class A3) | |||||||||||||||||
| 282 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 2,500,000 | g | Cars Net Lease Mortgage Notes Series | 4.690 | % | 12/15/50 | $ | 2,697,562 | |||||||||
| Series - 2020 1A (Class B1) | |||||||||||||||||
| 2,617,923 | g | Castlelake Aircraft Structured Trust | 3.474 | 01/15/46 | 2,704,683 | ||||||||||||
| Series - 2021 1A (Class A) | |||||||||||||||||
| 869,398 | g | Castlelake Aircraft Structured Trust | 6.656 | 01/15/46 | 939,594 | ||||||||||||
| Series - 2021 1A (Class B) | |||||||||||||||||
| 1,250,000 | g,i | Cayuga Park CLO Ltd | LIBOR 3 M + 6.000% | 1.000 | 07/17/34 | 1,249,961 | |||||||||||
| Series - 2020 1A (Class ER) | |||||||||||||||||
| 3,750,000 | g,i | Cayuga Park CLO Ltd | LIBOR 3 M + 3.100% | 1.000 | 07/17/34 | 3,751,946 | |||||||||||
| Series - 2020 1A (Class DR) | |||||||||||||||||
| 840,597 | i | C-BASS Trust | LIBOR 1 M + 0.160% | 0.246 | 07/25/36 | 823,352 | |||||||||||
| Series - 2006 CB6 (Class A1) | |||||||||||||||||
| 6,451,318 | †,g,i | CBRE Realty Finance | LIBOR 3 M + 0.300% | 0.520 | 04/07/52 | 16,128 | |||||||||||
| Series - 2007 1A (Class A2) | |||||||||||||||||
| 119,048 | †,g | CCR, Inc | 4.750 | 07/10/22 | 119,643 | ||||||||||||
| Series - 2012 CA (Class C) | |||||||||||||||||
| 15,408 | Centex Home Equity | 5.540 | 01/25/32 | 15,831 | |||||||||||||
| Series - 2002 A (Class AF6) | |||||||||||||||||
| 6,641,514 | g | CF Hippolyta LLC | 2.280 | 07/15/60 | 6,738,488 | ||||||||||||
| Series - 2020 1 (Class B1) | |||||||||||||||||
| 2,951,772 | g | CF Hippolyta LLC | 2.600 | 07/15/60 | 2,975,825 | ||||||||||||
| Series - 2020 1 (Class B2) | |||||||||||||||||
| 10,687,023 | g | CF Hippolyta LLC | 1.530 | 03/15/61 | 10,757,146 | ||||||||||||
| Series - 2021 1A (Class A1) | |||||||||||||||||
| 8,947,275 | g | CF Hippolyta LLC | 1.980 | 03/15/61 | 8,969,724 | ||||||||||||
| Series - 2021 1A (Class B1) | |||||||||||||||||
| 4,375,000 | g,i | CIFC Funding | LIBOR 3 M + 1.450% | 1.634 | 04/15/34 | 4,376,221 | |||||||||||
| Series - 2021 2A (Class B) | |||||||||||||||||
| 2,300,000 | g,i | CIFC Funding Ltd | LIBOR 3 M + 2.200% | 2.334 | 08/24/32 | 2,300,000 | |||||||||||
| Series - 2020 2A (Class B) | |||||||||||||||||
| 566,930 | g | CLI Funding VI LLC | 2.080 | 09/18/45 | 570,167 | ||||||||||||
| Series - 2020 1A (Class A) | |||||||||||||||||
| 4,521,029 | g | CLI Funding VIII LLC | 2.380 | 02/18/46 | 4,485,839 | ||||||||||||
| Series - 2021 1A (Class B) | |||||||||||||||||
| 1,447,857 | g | Corevest American Finance Trust | 1.832 | 03/15/50 | 1,470,602 | ||||||||||||
| Series - 2020 1 (Class A1) | |||||||||||||||||
| 22,271 | Countrywide Asset-Backed Certificates (Step Bond) | 5.216 | 10/25/27 | 22,971 | |||||||||||||
| Series - 2002 S4 (Class A5) | |||||||||||||||||
| 10,069,500 | g | DB Master Finance LLC | 3.787 | 05/20/49 | 10,112,869 | ||||||||||||
| Series - 2019 1A (Class A2I) | |||||||||||||||||
| 4,395,300 | g | DB Master Finance LLC | 4.021 | 05/20/49 | 4,594,341 | ||||||||||||
| Series - 2019 1A (Class A2II) | |||||||||||||||||
| 3,185,000 | g | DB Master Finance LLC | 4.352 | 05/20/49 | 3,459,904 | ||||||||||||
| Series - 2019 1A (Class A23) | |||||||||||||||||
| 1,959,180 | g | Diamond Resorts Owner Trust | 3.700 | 01/21/31 | 2,028,663 | ||||||||||||
| Series - 2018 1 (Class A) | |||||||||||||||||
| 522,448 | g | Diamond Resorts Owner Trust | 5.900 | 01/21/31 | 529,169 | ||||||||||||
| Series - 2018 1 (Class D) | |||||||||||||||||
| 1,960,145 | g | Diamond Resorts Owner Trust | 2.700 | 11/21/33 | 1,979,606 | ||||||||||||
| Series - 2021 1A (Class C) | |||||||||||||||||
| 1,020,909 | g | Diamond Resorts Owner Trust | 3.830 | 11/21/33 | 1,035,775 | ||||||||||||
| Series - 2021 1A (Class D) | |||||||||||||||||
| 283 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 4,686,300 | g | Domino’s Pizza Master Issuer LLC | 4.474 | % | 10/25/45 | $ | 4,856,427 | |||||||||
| Series - 2015 1A (Class A2II) | |||||||||||||||||
| 4,825,000 | g | Domino’s Pizza Master Issuer LLC | 4.118 | 07/25/47 | 5,179,131 | ||||||||||||
| Series - 2017 1A (Class A23) | |||||||||||||||||
| 1,556,000 | g | Domino’s Pizza Master Issuer LLC | 4.116 | 07/25/48 | 1,611,036 | ||||||||||||
| Series - 2018 1A (Class A2I) | |||||||||||||||||
| 2,743,125 | g | Domino’s Pizza Master Issuer LLC | 2.662 | 04/25/51 | 2,821,074 | ||||||||||||
| Series - 2021 1A (Class A2I) | |||||||||||||||||
| 2,925,000 | g | Driven Brands Funding LLC | 4.641 | 04/20/49 | 3,129,086 | ||||||||||||
| Series - 2019 1A (Class A2) | |||||||||||||||||
| 2,970,000 | g | Driven Brands Funding LLC | 3.786 | 07/20/50 | 3,099,118 | ||||||||||||
| Series - 2020 1A (Class A2) | |||||||||||||||||
| 2,935,250 | g | Driven Brands Funding LLC | 3.237 | 01/20/51 | 3,015,614 | ||||||||||||
| Series - 2020 2A (Class A2) | |||||||||||||||||
| 2,000,000 | g,i | Dryden 49 Senior Loan Fund | LIBOR 3 M + 3.400% | 3.534 | 07/18/30 | 2,000,084 | |||||||||||
| Series - 2017 49A (Class DR) | |||||||||||||||||
| 1,291,070 | g,i | Ellington Loan Acquisition Trust | LIBOR 1 M + 1.100% | 1.184 | 05/25/37 | 1,292,913 | |||||||||||
| Series - 2007 2 (Class A2C) | |||||||||||||||||
| 266,667 | †,i | Garanti Diversified Payment Rights Finance Co | LIBOR 3 M + 3.172% | 3.296 | 10/09/21 | 266,267 | |||||||||||
| Series - 2016 A (Class A) | |||||||||||||||||
| 6,451,250 | g | Hardee’s Funding LLC | 3.981 | 12/20/50 | 6,837,390 | ||||||||||||
| Series - 2020 1A (Class A2) | |||||||||||||||||
| 363,658 | g | HERO Funding Trust | 3.280 | 09/20/48 | 378,298 | ||||||||||||
| Series - 2017 2A (Class A1) | |||||||||||||||||
| 727,316 | g | HERO Funding Trust | 4.070 | 09/20/48 | 765,566 | ||||||||||||
| Series - 2017 2A (Class A2) | |||||||||||||||||
| 5,025,000 | g | Hertz Vehicle Financing LLC | 2.050 | 12/26/25 | 5,065,107 | ||||||||||||
| Series - 2021 1A (Class C) | |||||||||||||||||
| 5,000,000 | g | Hertz Vehicle Financing LLC | 3.980 | 12/26/25 | 5,034,808 | ||||||||||||
| Series - 2021 1A (Class D) | |||||||||||||||||
| 669,849 | g | Hilton Grand Vacations Trust | 2.660 | 12/26/28 | 684,339 | ||||||||||||
| Series - 2017 AA (Class A) | |||||||||||||||||
| 1,116,414 | g | Hilton Grand Vacations Trust | 2.960 | 12/26/28 | 1,137,111 | ||||||||||||
| Series - 2017 AA (Class B) | |||||||||||||||||
| 1,010,290 | g | Hilton Grand Vacations Trust | 4.000 | 02/25/32 | 1,050,524 | ||||||||||||
| Series - 2018 AA (Class C) | |||||||||||||||||
| 2,527,315 | g | Hilton Grand Vacations Trust | 2.840 | 07/25/33 | 2,580,030 | ||||||||||||
| Series - 2019 AA (Class C) | |||||||||||||||||
| 41,631 | i | Home Equity Asset Trust | LIBOR 1 M + 1.500% | 3.986 | 06/25/33 | 42,022 | |||||||||||
| Series - 2003 1 (Class M1) | |||||||||||||||||
| 2,197,148 | g | Horizon Aircraft Finance II Ltd | 3.721 | 07/15/39 | 2,202,840 | ||||||||||||
| Series - 2019 1 (Class A) | |||||||||||||||||
| 8,069,434 | g | Horizon Aircraft Finance III Ltd | 3.425 | 11/15/39 | 8,049,435 | ||||||||||||
| Series - 2019 2 (Class A) | |||||||||||||||||
| 499,977 | g,i | Invitation Homes Trust | LIBOR 1 M + 1.250% | 1.334 | 01/17/38 | 500,742 | |||||||||||
| Series - 2018 SFR4 (Class B) | |||||||||||||||||
| 773,786 | i | JP Morgan Mortgage Acquisition Trust | LIBOR 1 M + 0.320% | 0.406 | 03/25/37 | 769,691 | |||||||||||
| Series - 2007 CH3 (Class A1B) | |||||||||||||||||
| 6,765,206 | i | JP Morgan Mortgage Acquisition Trust | LIBOR 1 M + 0.160% | 0.246 | 06/25/37 | 6,690,125 | |||||||||||
| Series - 2007 CH5 (Class A1) | |||||||||||||||||
| 8,677,852 | g,i | KKR Industrial Portfolio Trust | LIBOR 1 M + 1.037% | 1.121 | 03/15/37 | 8,683,303 | |||||||||||
| Series - 2020 AIP (Class A) | |||||||||||||||||
| 2,285,168 | g,i | KKR Industrial Portfolio Trust | LIBOR 1 M + 1.633% | 1.717 | 03/15/37 | 2,286,603 | |||||||||||
| Series - 2020 AIP (Class C) | |||||||||||||||||
| 284 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,805,512 | g | Lunar Aircraft Ltd | 4.335 | % | 02/15/45 | $ | 1,679,477 | |||||||||
| Series - 2020 1A (Class B) | |||||||||||||||||
| 4,904,000 | g | MAPS Trust | 2.521 | 06/15/46 | 4,929,777 | ||||||||||||
| Series - 2021 1A (Class A) | |||||||||||||||||
| 2,410,750 | g | MAPS Trust | 5.437 | 06/15/46 | 2,422,493 | ||||||||||||
| Series - 2021 1A (Class C) | |||||||||||||||||
| 236,621 | MASTR Asset Backed Securities Trust (Step Bond) | 6.148 | 11/25/35 | 237,150 | |||||||||||||
| Series - 2005 AB1 (Class A4) | |||||||||||||||||
| 730,556 | Mid-State Capital Trust | 5.745 | 01/15/40 | 776,874 | |||||||||||||
| Series - 2005 1 (Class A) | |||||||||||||||||
| 1,478,767 | g | Mosaic Solar Loans LLC | 3.820 | 06/22/43 | 1,562,643 | ||||||||||||
| Series - 2017 2A (Class A) | |||||||||||||||||
| 800,000 | g,i | MSCG Trust | 3.577 | 06/07/35 | 724,271 | ||||||||||||
| Series - 2015 ALDR (Class C) | |||||||||||||||||
| 4,310,000 | g,i | MSCG Trust | 3.577 | 06/07/35 | 3,538,856 | ||||||||||||
| Series - 2015 ALDR (Class D) | |||||||||||||||||
| 563,483 | g | MVW Owner Trust | 2.640 | 12/20/33 | 568,039 | ||||||||||||
| Series - 2016 1A (Class B) | |||||||||||||||||
| 1,281,784 | g | MVW Owner Trust | 3.900 | 01/21/36 | 1,323,410 | ||||||||||||
| Series - 2018 1A (Class C) | |||||||||||||||||
| 1,293,328 | g | MVW Owner Trust | 3.330 | 11/20/36 | 1,319,535 | ||||||||||||
| Series - 2019 1A (Class C) | |||||||||||||||||
| 1,180,000 | g,i | Myers Park CLO Ltd | LIBOR 3 M + 1.600% | 1.734 | 10/20/30 | 1,180,107 | |||||||||||
| Series - 2018 1A (Class B1) | |||||||||||||||||
| 6,300,000 | g | NBC Funding LLC | 2.989 | 07/30/51 | 6,345,322 | ||||||||||||
| Series - 2021 1 (Class A2) | |||||||||||||||||
| 2,000,000 | g | NBC Funding LLC | 4.970 | 07/30/51 | 2,013,744 | ||||||||||||
| Series - 2021 1 (Class B) | |||||||||||||||||
| 3,500,000 | g,i | Neuberger Berman Loan Advisers CLO 31 Ltd | LIBOR 3 M + 3.250% | 3.384 | 04/20/31 | 3,502,474 | |||||||||||
| Series - 2019 31A (Class DR) | |||||||||||||||||
| 2,000,000 | g,i | Neuberger Berman Loan Advisers CLO 31 Ltd | LIBOR 3 M + 6.500% | 6.634 | 04/20/31 | 2,000,558 | |||||||||||
| Series - 2019 31A (Class ER) | |||||||||||||||||
| 1,000,000 | g,i | Neuberger Berman Loan Advisers CLO 37 Ltd | LIBOR 3 M + 2.850% | 2.984 | 07/20/31 | 1,000,237 | |||||||||||
| Series - 2020 37A (Class DR) | |||||||||||||||||
| 2,050,000 | g,i | Neuberger Berman Loan Advisers Clo 40 Ltd | LIBOR 3 M + 2.750% | 2.876 | 04/16/33 | 2,047,368 | |||||||||||
| Series - 2021 40A (Class D) | |||||||||||||||||
| 1,000,000 | g,i | Neuberger Berman Loan Advisers CLO 41 Ltd | LIBOR 3 M + 6.500% | 6.626 | 04/15/34 | 1,001,438 | |||||||||||
| Series - 2021 41A (Class E) | |||||||||||||||||
| 1,000,000 | g | Oak Street Investment Grade Net Lease Fund Series | 4.230 | 01/20/51 | 1,040,015 | ||||||||||||
| Series - 2021 1A (Class B1) | |||||||||||||||||
| 229,753 | Oakwood Mortgage Investors, Inc | 5.410 | 11/15/32 | 233,734 | |||||||||||||
| Series - 2002 C (Class A1) | |||||||||||||||||
| 950,000 | g | Oportun Funding XIV LLC | 3.440 | 03/08/28 | 963,249 | ||||||||||||
| Series - 2021 A (Class C) | |||||||||||||||||
| 1,000,000 | g | Oportun Funding XIV LLC | 5.400 | 03/08/28 | 1,013,028 | ||||||||||||
| Series - 2021 A (Class D) | |||||||||||||||||
| 1,330,000 | g | Oportun Issuance Trust | 5.410 | 05/08/31 | 1,336,609 | ||||||||||||
| Series - 2021 B (Class D) | |||||||||||||||||
| 7,125,000 | g | PFS Financing Corp | 0.930 | 08/15/24 | 7,163,502 | ||||||||||||
| Series - 2020 F (Class A) | |||||||||||||||||
| 2,982,182 | g | Pioneer Aircraft Finance Ltd | 3.967 | 06/15/44 | 2,971,875 | ||||||||||||
| Series - 2019 1 (Class A) | |||||||||||||||||
| 285 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 2,285,000 | g | Progress Residential Trust | 2.082 | % | 10/17/38 | $ | 2,266,082 | |||||||||
| Series - 2021 SFR8 (Class D) | |||||||||||||||||
| 1,000,000 | g | Purchasing Power Funding LLC | 4.370 | 10/15/25 | 1,008,344 | ||||||||||||
| Series - 2021 A (Class D) | |||||||||||||||||
| 466,793 | i | RASC Trust | LIBOR 1 M + 0.590% | 3.080 | 08/25/35 | 466,997 | |||||||||||
| Series - 2005 KS8 (Class M4) | |||||||||||||||||
| 1,250,000 | g | Regional Management Issuance Trust | 3.040 | 03/17/31 | 1,247,250 | ||||||||||||
| Series - 2021 1 (Class C) | |||||||||||||||||
| 800,000 | g | Regional Management Issuance Trust | 5.070 | 03/17/31 | 816,601 | ||||||||||||
| Series - 2021 1 (Class D) | |||||||||||||||||
| 2,487,500 | g | ServiceMaster Funding LLC | 2.841 | 10/30/51 | 2,531,673 | ||||||||||||
| Series - 2020 1 (Class A2I) | |||||||||||||||||
| 7,860,000 | g | SERVPRO Master Issuer LLC | 3.882 | 10/25/49 | 8,197,681 | ||||||||||||
| Series - 2019 1A (Class A2) | |||||||||||||||||
| 4,987,500 | g | SERVPRO Master Issuer LLC | 2.394 | 04/25/51 | 5,010,029 | ||||||||||||
| Series - 2021 1A (Class A2) | |||||||||||||||||
| 4,900,000 | g | Sesac Finance LLC | 5.216 | 07/25/49 | 5,197,567 | ||||||||||||
| Series - 2019 1 (Class A2) | |||||||||||||||||
| 4,715,647 | †,g | Settlement Fee Finance LLC | 3.840 | 11/01/49 | 4,675,659 | ||||||||||||
| Series - 2019 1A (Class A) | |||||||||||||||||
| 1,500,000 | g,i | Sierra Ltd | U.S. Treasury Bill 3 M + 3.250% | 3.283 | 12/28/22 | 1,518,150 | |||||||||||
| 1,110,193 | g | Sierra Timeshare Receivables Funding LLC | 3.200 | 03/20/34 | 1,115,638 | ||||||||||||
| Series - 2017 1A (Class B) | |||||||||||||||||
| 852,900 | g | Sierra Timeshare Receivables Funding LLC | 3.650 | 06/20/35 | 875,758 | ||||||||||||
| Series - 2018 2A (Class B) | |||||||||||||||||
| 431,388 | g | Sierra Timeshare Receivables Funding LLC | 4.540 | 05/20/36 | 440,661 | ||||||||||||
| Series - 2019 2A (Class D) | |||||||||||||||||
| 3,674,339 | g | Sierra Timeshare Receivables Funding LLC | 1.790 | 11/20/37 | 3,679,620 | ||||||||||||
| Series - 2021 1A (Class C) | |||||||||||||||||
| 348,487 | g | SolarCity LMC | 4.800 | 11/20/38 | 363,739 | ||||||||||||
| Series - 2013 1 (Class A) | |||||||||||||||||
| 529,867 | g | SolarCity LMC | 4.590 | 04/20/44 | 530,249 | ||||||||||||
| Series - 2014 1 (Class A) | |||||||||||||||||
| 994,889 | g | SolarCity LMC | 4.020 | 07/20/44 | 1,011,962 | ||||||||||||
| Series - 2014 2 (Class A) | |||||||||||||||||
| 7,651,204 | g | Sonic Capital LLC | 3.845 | 01/20/50 | 8,050,092 | ||||||||||||
| Series - 2020 1A (Class A2I) | |||||||||||||||||
| 2,400,000 | g | Stack Infrastructure Issuer LLC | 1.893 | 08/25/45 | 2,413,066 | ||||||||||||
| Series - 2020 1A (Class A2) | |||||||||||||||||
| 5,875,000 | g | Stack Infrastructure Issuer LLC | 1.877 | 03/26/46 | 5,864,159 | ||||||||||||
| Series - 2021 1A (Class A2) | |||||||||||||||||
| 1,836,630 | g | START Ireland | 4.089 | 05/15/43 | 1,831,644 | ||||||||||||
| Series - 2018 1 (Class A) | |||||||||||||||||
| 3,691,502 | g | START Ireland | 5.095 | 03/15/44 | 3,479,297 | ||||||||||||
| Series - 2019 1 (Class B) | |||||||||||||||||
| 1,471,640 | g | Start Ltd/Bermuda | 5.315 | 05/15/43 | 1,386,152 | ||||||||||||
| Series - 2018 1 (Class B) | |||||||||||||||||
| 5,605 | i | Structured Asset Investment Loan Trust | LIBOR 1 M + 0.900% | 0.986 | 09/25/34 | 5,602 | |||||||||||
| Series - 2004 8 (Class M1) | |||||||||||||||||
| 17,755 | i | Structured Asset Investment Loan Trust | LIBOR 1 M + 1.000% | 1.086 | 09/25/34 | 17,890 | |||||||||||
| Series - 2004 8 (Class A9) | |||||||||||||||||
| 286 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 617,025 | i | Structured Asset Securities Corp Mortgage Loan Trust | LIBOR 1 M + 1.500% | 1.586 | % | 04/25/35 | $ | 623,098 | ||||||||
| Series - 2005 7XS (Class 2A1A) | |||||||||||||||||
| 7,731,813 | g | Taco Bell Funding LLC | 4.970 | 05/25/46 | 8,280,416 | ||||||||||||
| Series - 2016 1A (Class A23) | |||||||||||||||||
| 3,890,000 | g | Taco Bell Funding LLC | 4.940 | 11/25/48 | 4,292,965 | ||||||||||||
| Series - 2018 1A (Class A2II) | |||||||||||||||||
| 6,420,000 | g | Taco Bell Funding LLC | 1.946 | 08/25/51 | 6,414,870 | ||||||||||||
| Series - 2021 1A (Class A2I) | |||||||||||||||||
| 4,920,000 | g | Taco Bell Funding LLC | 2.294 | 08/25/51 | 4,899,808 | ||||||||||||
| Series - 2021 1A (Class A2II) | |||||||||||||||||
| 5,357,849 | g | TES LLC | 4.330 | 10/20/47 | 5,672,445 | ||||||||||||
| Series - 2017 1A (Class A) | |||||||||||||||||
| 2,500,000 | g | TES LLC | 7.740 | 10/20/47 | 2,418,337 | ||||||||||||
| Series - 2017 1A (Class B) | |||||||||||||||||
| 2,860,000 | g | Textainer Marine Containers VII Ltd | 2.520 | 02/20/46 | 2,844,621 | ||||||||||||
| Series - 2021 1A (Class B) | |||||||||||||||||
| 1,494,955 | g | Tricon American Homes Trust | 2.716 | 09/17/34 | 1,494,016 | ||||||||||||
| Series - 2017 SFR1 (Class A) | |||||||||||||||||
| 1,600,000 | g | Tricon American Homes Trust | 4.011 | 09/17/34 | 1,599,003 | ||||||||||||
| Series - 2017 SFR1 (Class E) | |||||||||||||||||
| 400,000 | g | Tricon American Homes Trust | 3.275 | 01/17/36 | 406,280 | ||||||||||||
| Series - 2017 SFR2 (Class B) | |||||||||||||||||
| 475,000 | g | Tricon American Homes Trust | 2.049 | 07/17/38 | 480,505 | ||||||||||||
| Series - 2020 SFR1 (Class B) | |||||||||||||||||
| 7,211,118 | United Airlines Pass Through Trust | 5.875 | 10/15/27 | 8,069,548 | |||||||||||||
| 4,293,394 | United Airlines Pass Through Trust | 3.700 | 03/01/30 | 4,346,815 | |||||||||||||
| Series - 2018 1 (Class ) | |||||||||||||||||
| 4,565,250 | United Airlines Pass Through Trust | 2.700 | 05/01/32 | 4,615,175 | |||||||||||||
| Series - 2019 2 (Class ) | |||||||||||||||||
| 2,000,000 | g,i | Ursa Re II Ltd | U.S. Treasury Bill 3 M + 3.750% | 3.778 | 12/07/23 | 2,072,200 | |||||||||||
| 7,097,399 | g | Vine | 2.790 | 11/15/50 | 7,129,823 | ||||||||||||
| Series - 2020 1A (Class A) | |||||||||||||||||
| 2,061,403 | g | Vine | 6.420 | 11/15/50 | 2,091,481 | ||||||||||||
| Series - 2020 1A (Class C) | |||||||||||||||||
| 3,845,448 | g | Vivint Colar Financing V LLC | 7.370 | 04/30/48 | 4,067,524 | ||||||||||||
| Series - 2018 1A (Class B) | |||||||||||||||||
| 6,737,500 | g | Wendys Funding LLC | 3.884 | 03/15/48 | 7,120,156 | ||||||||||||
| Series - 2018 1A (Class A2II) | |||||||||||||||||
| 5,795,475 | g | Wendy’s Funding LLC | 2.370 | 06/15/51 | 5,843,954 | ||||||||||||
| Series - 2021 1A (Class A2I) | |||||||||||||||||
| 4,596,900 | g | Wingstop Funding LLC | 2.841 | 12/05/50 | 4,728,321 | ||||||||||||
| Series - 2020 1A (Class A2) | |||||||||||||||||
| 4,400,000 | g | ZAXBY’S FUNDING LLC | 3.238 | 07/30/51 | 4,471,742 | ||||||||||||
| Series - 2021 1A (Class A2) | |||||||||||||||||
| TOTAL ASSET BACKED | 460,497,294 | ||||||||||||||||
| OTHER MORTGAGE BACKED - 8.4% | |||||||||||||||||
| 149,815 | g,i | Agate Bay Mortgage Trust | 3.500 | 11/25/44 | 150,934 | ||||||||||||
| Series - 2014 3 (Class A13) | |||||||||||||||||
| 251,477 | g,i | Agate Bay Mortgage Trust | 3.500 | 09/25/45 | 253,947 | ||||||||||||
| Series - 2015 6 (Class A9) | |||||||||||||||||
| 30,672 | Alternative Loan Trust | 5.250 | 11/25/33 | 31,576 | |||||||||||||
| Series - 2003 J3 (Class 1A3) | |||||||||||||||||
| 287 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 191,602 | i | Alternative Loan Trust | LIBOR 1 M + 0.750% | 0.836 | % | 06/25/34 | $ | 196,881 | ||||||||
| Series - 2004 8CB (Class M1) | |||||||||||||||||
| 577,671 | i | American Home Mortgage Investment Trust | LIBOR 6 M + 1.500% | 1.654 | 10/25/34 | 587,434 | |||||||||||
| Series - 2004 3 (Class 4A) | |||||||||||||||||
| 2,165,000 | BANK | 3.625 | 05/15/50 | 2,382,707 | |||||||||||||
| Series - 2017 BNK4 (Class A4) | |||||||||||||||||
| 1,500,000 | i | BANK | 4.062 | 11/15/50 | 1,631,313 | ||||||||||||
| Series - 2017 BNK8 (Class B) | |||||||||||||||||
| 1,000,000 | BANK | 3.455 | 12/15/52 | 1,076,186 | |||||||||||||
| Series - 2019 BN23 (Class B) | |||||||||||||||||
| 4,500,000 | g,i | BBCMS Mortgage Trust | 4.409 | 08/05/38 | 3,989,240 | ||||||||||||
| Series - 2018 CHRS (Class E) | |||||||||||||||||
| 881,162 | i | Bear Stearns Commercial Mortgage Securities Trust | 5.117 | 02/11/41 | 875,756 | ||||||||||||
| Series - 2005 PWR7 (Class B) | |||||||||||||||||
| 1,769,000 | g,i | Benchmark Mortgage Trust | 2.791 | 09/15/48 | 1,823,252 | ||||||||||||
| Series - 2020 IG2 (Class AM) | |||||||||||||||||
| 2,800,000 | g,i | Benchmark Mortgage Trust | 3.231 | 09/15/48 | 2,913,816 | ||||||||||||
| Series - 2020 IG3 (Class AS) | |||||||||||||||||
| 5,000,000 | g,i | Benchmark Mortgage Trust | 3.654 | 09/15/48 | 5,230,410 | ||||||||||||
| Series - 2020 IG3 (Class BXA) | |||||||||||||||||
| 1,100,000 | Benchmark Mortgage Trust | 4.267 | 03/15/52 | 1,247,564 | |||||||||||||
| Series - 2019 B9 (Class AS) | |||||||||||||||||
| 1,100,000 | Benchmark Mortgage Trust | 3.419 | 08/15/52 | 1,189,632 | |||||||||||||
| Series - 2019 B12 (Class AS) | |||||||||||||||||
| 3,600,000 | i | Benchmark Mortgage Trust | 4.510 | 05/15/53 | 4,200,333 | ||||||||||||
| Series - 2018 B7 (Class A4) | |||||||||||||||||
| 9,000,000 | g | Benchmark Mortgage Trust | 4.139 | 07/15/53 | 9,101,307 | ||||||||||||
| Series - 2020 B18 (Class AGNF) | |||||||||||||||||
| 6,500,000 | i | Benchmark Mortgage Trust | 2.563 | 02/15/54 | 6,314,079 | ||||||||||||
| Series - 2021 B23 (Class C) | |||||||||||||||||
| 12,945,756 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 0.920% | 1.004 | 10/15/36 | 12,970,792 | |||||||||||
| Series - 2019 XL (Class A) | |||||||||||||||||
| 3,534,678 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 1.250% | 1.334 | 10/15/36 | 3,536,899 | |||||||||||
| Series - 2019 XL (Class C) | |||||||||||||||||
| 3,534,678 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 1.800% | 1.884 | 10/15/36 | 3,537,871 | |||||||||||
| Series - 2019 XL (Class E) | |||||||||||||||||
| 1,800,000 | i | CD Mortgage Trust | 3.879 | 11/10/49 | 1,903,802 | ||||||||||||
| Series - 2016 CD2 (Class B) | |||||||||||||||||
| 1,000,000 | i | CD Mortgage Trust | 4.131 | 11/10/49 | 1,028,041 | ||||||||||||
| Series - 2016 CD2 (Class C) | |||||||||||||||||
| 1,400,000 | i | CD Mortgage Trust | 4.702 | 02/10/50 | 1,454,448 | ||||||||||||
| Series - 2017 CD3 (Class C) | |||||||||||||||||
| 223,036 | g,i | CF Mortgage Trust | 2.840 | 04/15/25 | 233,407 | ||||||||||||
| Series - 2020 P1 (Class A1) | |||||||||||||||||
| 10,000,000 | g,i | CF Mortgage Trust | 3.603 | 04/15/52 | 10,051,000 | ||||||||||||
| Series - 2020 P1 (Class A2) | |||||||||||||||||
| 4,250,000 | g,i | CF Mortgage Trust | 10.010 | 04/15/52 | 4,500,801 | ||||||||||||
| Series - 2020 P1 (Class B) | |||||||||||||||||
| 5,000,000 | i | CFCRE Commercial Mortgage Trust | 3.502 | 11/10/49 | 5,330,980 | ||||||||||||
| Series - 2016 C6 (Class AM) | |||||||||||||||||
| 156,941 | Citicorp Mortgage Securities, Inc | 5.500 | 07/25/35 | 160,979 | |||||||||||||
| Series - 2005 4 (Class 1A7) | |||||||||||||||||
| 288 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 2,000,000 | i | Citigroup Commercial Mortgage Trust | 4.134 | % | 04/10/46 | $ | 2,070,486 | |||||||||
| Series - 2013 GC11 (Class C) | |||||||||||||||||
| 2,600,000 | i | Citigroup Commercial Mortgage Trust | 3.758 | 04/10/48 | 2,773,774 | ||||||||||||
| Series - 2015 GC29 (Class B) | |||||||||||||||||
| 1,650,000 | i | Citigroup Commercial Mortgage Trust | 4.288 | 04/10/48 | 1,762,048 | ||||||||||||
| Series - 2015 GC29 (Class C) | |||||||||||||||||
| 1,425,000 | Citigroup Commercial Mortgage Trust | 4.233 | 04/10/49 | 1,513,871 | |||||||||||||
| Series - 2016 GC37 (Class B) | |||||||||||||||||
| 1,020,000 | Citigroup Commercial Mortgage Trust | 3.018 | 08/10/56 | 1,076,754 | |||||||||||||
| Series - 2019 GC41 (Class AS) | |||||||||||||||||
| 336,950 | i | Citigroup Mortgage Loan Trust | LIBOR 1 M + 0.750% | 0.836 | 01/25/36 | 336,988 | |||||||||||
| Series - 2006 WFH1 (Class M4) | |||||||||||||||||
| 18,588,229 | g | COMM Mortgage Trust | 2.841 | 08/15/45 | 18,684,142 | ||||||||||||
| Series - 2012 CR2 (Class A3) | |||||||||||||||||
| 1,900,000 | COMM Mortgage Trust | 3.101 | 03/10/46 | 1,931,849 | |||||||||||||
| Series - 2013 CR6 (Class A4) | |||||||||||||||||
| 3,000,000 | g,i | COMM Mortgage Trust | 5.437 | 08/10/46 | 2,866,038 | ||||||||||||
| Series - 2013 LC13 (Class D) | |||||||||||||||||
| 5,000,000 | COMM Mortgage Trust | 4.199 | 03/10/47 | 5,320,549 | |||||||||||||
| Series - 2014 UBS2 (Class AM) | |||||||||||||||||
| 1,120,000 | COMM Mortgage Trust | 4.174 | 05/10/47 | 1,196,685 | |||||||||||||
| Series - 2014 CR17 (Class AM) | |||||||||||||||||
| 4,745,000 | g,i | COMM Mortgage Trust | 4.927 | 06/10/47 | 4,781,592 | ||||||||||||
| Series - 2014 UBS3 (Class D) | |||||||||||||||||
| 2,452,500 | i | COMM Mortgage Trust | 4.456 | 07/15/47 | 2,623,921 | ||||||||||||
| Series - 2014 CR18 (Class B) | |||||||||||||||||
| 1,500,000 | g,i | COMM Mortgage Trust | 4.860 | 08/10/47 | 1,491,719 | ||||||||||||
| Series - 2014 CR19 (Class D) | |||||||||||||||||
| 3,000,000 | i | COMM Mortgage Trust | 4.188 | 10/10/47 | 3,234,400 | ||||||||||||
| Series - 2014 LC17 (Class AM) | |||||||||||||||||
| 2,500,000 | g | COMM Mortgage Trust | 3.000 | 03/10/48 | 2,124,383 | ||||||||||||
| Series - 2015 CR22 (Class E) | |||||||||||||||||
| 2,600,000 | g,i | COMM Mortgage Trust | 4.243 | 03/10/48 | 2,624,027 | ||||||||||||
| Series - 2015 CR22 (Class D) | |||||||||||||||||
| 3,340,500 | i | COMM Mortgage Trust | 4.243 | 03/10/48 | 3,535,423 | ||||||||||||
| Series - 2015 CR22 (Class C) | |||||||||||||||||
| 1,000,000 | COMM Mortgage Trust | 3.801 | 05/10/48 | 1,080,681 | |||||||||||||
| Series - 2015 CR23 (Class AM) | |||||||||||||||||
| 2,500,000 | i | COMM Mortgage Trust | 4.433 | 05/10/48 | 2,518,767 | ||||||||||||
| Series - 2015 CR23 (Class D) | |||||||||||||||||
| 2,500,000 | i | COMM Mortgage Trust | 3.463 | 08/10/48 | 2,326,368 | ||||||||||||
| Series - 2015 CR24 (Class D) | |||||||||||||||||
| 2,500,000 | i | COMM Mortgage Trust | 4.526 | 08/10/48 | 2,716,607 | ||||||||||||
| Series - 2015 CR24 (Class B) | |||||||||||||||||
| 3,000,000 | i | COMM Mortgage Trust | 4.526 | 08/10/48 | 3,172,065 | ||||||||||||
| Series - 2015 CR24 (Class C) | |||||||||||||||||
| 3,175,000 | i | COMM Mortgage Trust | 4.630 | 10/10/48 | 3,406,982 | ||||||||||||
| Series - 2015 CR26 (Class C) | |||||||||||||||||
| 2,991,339 | i | Commercial Mortgage Load Trust | 5.983 | 12/10/49 | 1,346,103 | ||||||||||||
| Series - 2008 LS1 (Class AM) | |||||||||||||||||
| 721,885 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.600% | 2.686 | 05/25/24 | 730,608 | |||||||||||
| Series - 2014 C02 (Class 1M2) | |||||||||||||||||
| 7,558,592 | i | Connecticut Avenue Securities | LIBOR 1 M + 3.000% | 3.086 | 07/25/24 | 7,689,393 | |||||||||||
| Series - 2014 C03 (Class 1M2) | |||||||||||||||||
| 289 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,796,237 | i | Connecticut Avenue Securities | LIBOR 1 M + 6.950% | 7.036 | % | 08/25/28 | $ | 1,905,680 | ||||||||
| Series - 2016 C01 (Class 2M2) | |||||||||||||||||
| 4,404,828 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.900% | 5.986 | 10/25/28 | 4,626,754 | |||||||||||
| Series - 2016 C03 (Class 2M2) | |||||||||||||||||
| 721,367 | i | Connecticut Avenue Securities | LIBOR 1 M + 4.250% | 4.336 | 04/25/29 | 747,396 | |||||||||||
| Series - 2016 C06 (Class 1M2) | |||||||||||||||||
| 202,720 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.286 | 01/25/30 | 202,914 | |||||||||||
| Series - 2017 C05 (Class 1M2A) | |||||||||||||||||
| 219,322 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.286 | 01/25/30 | 224,124 | |||||||||||
| Series - 2017 C05 (Class 1M2) | |||||||||||||||||
| 705,539 | i | Connecticut Avenue Securities | LIBOR 1 M + 0.850% | 0.936 | 10/25/30 | 703,490 | |||||||||||
| Series - 2018 C03 (Class 1EA2) | |||||||||||||||||
| 336,108 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.550% | 2.636 | 12/25/30 | 342,027 | |||||||||||
| Series - 2018 C04 (Class 2M2) | |||||||||||||||||
| 373,959 | i | Countrywide Alternative Loan Trust | LIBOR 1 M + 0.460% | 0.544 | 07/20/35 | 379,701 | |||||||||||
| Series - 2005 24 (Class 4A1) | |||||||||||||||||
| 378,158 | i | Countrywide Home Loan Mortgage Pass Through Trust | 2.613 | 11/20/34 | 393,520 | ||||||||||||
| Series - 2004 HYB6 (Class A2) | |||||||||||||||||
| 28,034 | Countrywide Home Loan Mortgage Pass Through Trust | 5.250 | 09/25/35 | 27,061 | |||||||||||||
| Series - 2005 17 (Class 1A10) | |||||||||||||||||
| 5,000,000 | g,i | CPT Mortgage Trust | 3.097 | 11/13/39 | 4,888,014 | ||||||||||||
| Series - 2019 CPT (Class E) | |||||||||||||||||
| 612,886 | g,i | Credit Suisse Commercial Mortgage Trust | LIBOR 1 M + 1.150% | 1.236 | 05/25/36 | 613,631 | |||||||||||
| Series - 2006 CF2 (Class M3) | |||||||||||||||||
| 4,502,423 | g,i | Credit Suisse Commercial Mortgage Trust | 3.500 | 02/25/48 | 4,600,474 | ||||||||||||
| Series - 2018 J1 (Class A11) | |||||||||||||||||
| 1,106,911 | i | Credit Suisse First Boston Mortgage Securities Corp | 6.216 | 04/25/33 | 1,124,181 | ||||||||||||
| Series - 2003 8 (Class DB1) | |||||||||||||||||
| 3,340,000 | CSAIL Commercial Mortgage Trust | 3.505 | 04/15/50 | 3,576,785 | |||||||||||||
| Series - 2015 C1 (Class A4) | |||||||||||||||||
| 1,799,583 | g,i | CSMC | 2.130 | 05/25/65 | 1,799,046 | ||||||||||||
| Series - 2021 NQM1 (Class M1) | |||||||||||||||||
| 1,850,000 | g,i | CSMC Series | 3.388 | 10/25/59 | 1,882,788 | ||||||||||||
| Series - 2019 NQM1 (Class M1) | |||||||||||||||||
| 5,065,000 | DBJPM | 3.539 | 05/10/49 | 5,399,508 | |||||||||||||
| Series - 2016 C1 (Class AM) | |||||||||||||||||
| 647,721 | i | Fieldstone Mortgage Investment Trust | LIBOR 1 M + 0.735% | 0.821 | 12/25/35 | 646,923 | |||||||||||
| Series - 2005 2 (Class M2) | |||||||||||||||||
| 3,144,945 | g,i | FirstKey Mortgage Trust | 3.500 | 11/25/44 | 3,200,185 | ||||||||||||
| Series - 2014 1 (Class A8) | |||||||||||||||||
| 915,509 | g,i | Flagstar Mortgage Trust | 4.103 | 10/25/47 | 918,963 | ||||||||||||
| Series - 2017 2 (Class B3) | |||||||||||||||||
| 140,259 | g,i | Flagstar Mortgage Trust | 4.000 | 09/25/48 | 141,161 | ||||||||||||
| Series - 2018 5 (Class A11) | |||||||||||||||||
| 1,491,756 | g,i | Flagstar Mortgage Trust | 2.500 | 04/25/51 | 1,494,222 | ||||||||||||
| Series - 2021 2 (Class A4) | |||||||||||||||||
| 1,971,713 | g,i | Flagstar Mortgage Trust | 2.500 | 06/01/51 | 1,979,310 | ||||||||||||
| Series - 2021 4 (Class A21) | |||||||||||||||||
| 1,970,000 | g,i | Freddie Mac STACR REMIC Trust | 2.100 | 12/25/33 | 1,987,892 | ||||||||||||
| Series - 2021 HQA2 (Class M2) | |||||||||||||||||
| 290 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,190,000 | g,i | Freddie Mac STACR REMIC Trust | 1.700 | % | 01/25/34 | $ | 1,199,722 | |||||||||
| Series - 2021 DNA5 (Class M2) | |||||||||||||||||
| 1,425,000 | g,i | Freddie Mac STACR Trust | LIBOR 1 M + 2.700% | 2.786 | 10/25/49 | 1,433,859 | |||||||||||
| Series - 2019 DNA4 (Class B1) | |||||||||||||||||
| 85,565 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 3.728 | 02/25/48 | 85,383 | ||||||||||||
| Series - 2018 SPI1 (Class M2) | |||||||||||||||||
| 1,612,916 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 3.809 | 05/25/48 | 1,612,253 | ||||||||||||
| Series - 2018 SPI2 (Class M2) | |||||||||||||||||
| 1,545,008 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 3.809 | 05/25/48 | 1,544,071 | ||||||||||||
| Series - 2018 SPI2 (Class M2B) | |||||||||||||||||
| 289,346 | g,i | GS Mortage-Backed Securities Trust | 3.718 | 05/25/50 | 294,178 | ||||||||||||
| Series - 2020 PJ1 (Class B2) | |||||||||||||||||
| 3,846,000 | g,i | GS Mortgage Securities Trust | 4.285 | 02/10/46 | 3,946,500 | ||||||||||||
| Series - 2013 GC10 (Class C) | |||||||||||||||||
| 1,225,000 | i | GS Mortgage Securities Trust | 4.088 | 11/10/49 | 1,219,243 | ||||||||||||
| Series - 2016 GS4 (Class C) | |||||||||||||||||
| 3,800,000 | i | GS Mortgage Securities Trust | 4.158 | 02/10/52 | 4,264,939 | ||||||||||||
| Series - 2019 GC38 (Class AS) | |||||||||||||||||
| 1,500,000 | i | GS Mortgage Securities Trust | 4.761 | 02/10/52 | 1,650,467 | ||||||||||||
| Series - 2019 GC38 (Class C) | |||||||||||||||||
| 1,500,000 | g,i | GS Mortgage Securities Trust | 3.501 | 07/10/52 | 1,560,963 | ||||||||||||
| Series - 2019 GC40 (Class DBB) | |||||||||||||||||
| 4,500,000 | g,i | GS Mortgage Securities Trust | 3.668 | 07/10/52 | 4,652,899 | ||||||||||||
| Series - 2019 GC40 (Class DBC) | |||||||||||||||||
| 1,000,000 | i | GS Mortgage Securities Trust | 3.405 | 02/13/53 | 1,063,051 | ||||||||||||
| Series - 2020 GC45 (Class B) | |||||||||||||||||
| 3,000,000 | GS Mortgage Securities Trust | 2.012 | 12/12/53 | 2,960,968 | |||||||||||||
| Series - 2020 GSA2 (Class A5) | |||||||||||||||||
| 181,785 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 08/25/49 | 183,399 | ||||||||||||
| Series - 2019 PJ1 (Class A4) | |||||||||||||||||
| 155,816 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 156,383 | ||||||||||||
| Series - 2019 PJ2 (Class A1) | |||||||||||||||||
| 406,983 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 407,910 | ||||||||||||
| Series - 2019 PJ2 (Class A4) | |||||||||||||||||
| 564,166 | g,i | GS Mortgage-Backed Securities Corp Trust | 3.500 | 07/25/50 | 572,439 | ||||||||||||
| Series - 2020 PJ2 (Class A4) | |||||||||||||||||
| 394,210 | g,i | GS Mortgage-Backed Securities Corp Trust | 3.000 | 01/25/51 | 400,449 | ||||||||||||
| Series - 2020 PJ4 (Class A4) | |||||||||||||||||
| 296,231 | i | GS Mortgage-Backed Securities Corp Trust | 3.000 | 03/27/51 | 301,959 | ||||||||||||
| Series - 2020 PJ5 (Class A4) | |||||||||||||||||
| 3,200,857 | g,i | GS Mortgage-Backed Securities Corp Trust | 2.500 | 10/25/51 | 3,207,109 | ||||||||||||
| Series - 2021 PJ5 (Class A4) | |||||||||||||||||
| 667,482 | g,i | GS Mortgage-Backed Securities Trust | 2.500 | 07/25/51 | 667,117 | ||||||||||||
| Series - 2021 PJ2 (Class A4) | |||||||||||||||||
| 9,911,015 | g,i | GS Mortgage-Backed Securities Trust | 2.500 | 01/25/52 | 9,939,291 | ||||||||||||
| Series - 2021 PJ7 (Class A4) | |||||||||||||||||
| 4,890,708 | g,i | GS Mortgage-Backed Securities Trust | 2.500 | 01/25/52 | 4,904,661 | ||||||||||||
| Series - 2021 PJ8 (Class A4) | |||||||||||||||||
| 8,421,715 | g,i | GS MortSecurities Trust | 2.500 | 11/25/51 | 8,443,215 | ||||||||||||
| Series - 2021 PJ6 (Class A4) | |||||||||||||||||
| 291 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 259,464 | g | GSMPS Mortgage Loan Trust | 7.500 | % | 03/25/35 | $ | 271,117 | |||||||||
| Series - 2005 RP2 (Class 1A2) | |||||||||||||||||
| 245,837 | g | GSMPS Mortgage Loan Trust | 7.500 | 09/25/35 | 256,936 | ||||||||||||
| Series - 2005 RP3 (Class 1A2) | |||||||||||||||||
| 328,098 | GSR Mortgage Loan Trust | 6.000 | 01/25/35 | 330,028 | |||||||||||||
| Series - 2005 1F (Class 3A3) | |||||||||||||||||
| 1,466,281 | i | HarborView Mortgage Loan Trust | LIBOR 1 M + 0.620% | 0.707 | 08/19/45 | 1,483,647 | |||||||||||
| Series - 2005 11 (Class 2A1A) | |||||||||||||||||
| 3,000,000 | g,i | Hudson Yards Mortgage Trust | 3.558 | 07/10/39 | 3,106,170 | ||||||||||||
| Series - 2019 30HY (Class D) | |||||||||||||||||
| 2,000,000 | g,i | Hudson Yards Mortgage Trust | 3.041 | 12/10/41 | 2,017,826 | ||||||||||||
| Series - 2019 55HY (Class D) | |||||||||||||||||
| 1,750,000 | g,i | Hudson Yards Mortgage Trust | 3.041 | 12/10/41 | 1,667,351 | ||||||||||||
| Series - 2019 55HY (Class F) | |||||||||||||||||
| 85,489 | i | Impac CMB Trust | LIBOR 1 M + 0.660% | 0.746 | 03/25/35 | 87,871 | |||||||||||
| Series - 2004 11 (Class 2A1) | |||||||||||||||||
| 1,424,408 | g,i | Imperial Fund Mortgage Trust | 2.051 | 10/25/55 | 1,434,049 | ||||||||||||
| Series - 2020 NQM1 (Class A3) | |||||||||||||||||
| 440,000 | g,i | Imperial Fund Mortgage Trust | 3.531 | 10/25/55 | 450,454 | ||||||||||||
| Series - 2020 NQM1 (Class M1) | |||||||||||||||||
| 4,810,000 | g,i | Imperial Fund Mortgage Trust | 2.383 | 06/25/56 | 4,780,368 | ||||||||||||
| Series - 2021 NQM1 (Class M1) | |||||||||||||||||
| 45,362 | i | JP Morgan Alternative Loan Trust | LIBOR 1 M + 0.560% | 0.646 | 04/25/47 | 45,250 | |||||||||||
| Series - 2007 S1 (Class A1) | |||||||||||||||||
| 1,700,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Corp | 4.213 | 01/15/46 | 1,732,182 | ||||||||||||
| Series - 2013 C13 (Class D) | |||||||||||||||||
| 177,560 | g,i | JP Morgan Chase Commercial Mortgage Securities Corp | 5.575 | 07/15/46 | 184,704 | ||||||||||||
| Series - 2011 C4 (Class C) | |||||||||||||||||
| 1,719,000 | i | JP Morgan Chase Commercial Mortgage Securities Corp | 4.119 | 01/15/49 | 1,874,704 | ||||||||||||
| Series - 2015 JP1 (Class AS) | |||||||||||||||||
| 2,140,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.822 | 08/15/49 | 2,263,979 | |||||||||||||
| Series - 2016 JP2 (Class A4) | |||||||||||||||||
| 2,365,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.723 | 03/15/50 | 2,607,098 | |||||||||||||
| Series - 2017 JP5 (Class A5) | |||||||||||||||||
| 5,000,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.379 | 09/15/50 | 5,235,216 | |||||||||||||
| Series - 2017 JP7 (Class A3) | |||||||||||||||||
| 358,613 | i | JP Morgan Mortgage Trust | 2.360 | 11/25/33 | 363,792 | ||||||||||||
| Series - 2006 A2 (Class 5A3) | |||||||||||||||||
| 2,191,259 | g,i | JP Morgan Mortgage Trust | LIBOR 1 M - 0.000% | 2.103 | 12/25/44 | 2,232,721 | |||||||||||
| Series - 2015 1 (Class B1) | |||||||||||||||||
| 111,196 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/45 | 112,515 | ||||||||||||
| Series - 2015 3 (Class A19) | |||||||||||||||||
| 508,826 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/45 | 513,170 | ||||||||||||
| Series - 2015 6 (Class A13) | |||||||||||||||||
| 298,434 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/46 | 302,227 | ||||||||||||
| Series - 2016 1 (Class A13) | |||||||||||||||||
| 312,687 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/47 | 317,510 | ||||||||||||
| Series - 2017 2 (Class A13) | |||||||||||||||||
| 292 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 563,821 | g,i | JP Morgan Mortgage Trust | 3.500 | % | 09/25/48 | $ | 568,106 | |||||||||
| Series - 2018 3 (Class A13) | |||||||||||||||||
| 224,011 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 227,646 | ||||||||||||
| Series - 2018 4 (Class A13) | |||||||||||||||||
| 1,015,679 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 1,037,664 | ||||||||||||
| Series - 2018 5 (Class A13) | |||||||||||||||||
| 766,436 | g,i | JP Morgan Mortgage Trust | 3.090 | 10/26/48 | 797,367 | ||||||||||||
| Series - 2017 5 (Class A2) | |||||||||||||||||
| 919,942 | g,i | JP Morgan Mortgage Trust | 3.859 | 12/25/48 | 923,224 | ||||||||||||
| Series - 2018 6 (Class B4) | |||||||||||||||||
| 263,181 | g,i | JP Morgan Mortgage Trust | 4.000 | 01/25/49 | 265,515 | ||||||||||||
| Series - 2018 8 (Class A13) | |||||||||||||||||
| 275,747 | g,i | JP Morgan Mortgage Trust | 4.000 | 02/25/49 | 278,750 | ||||||||||||
| Series - 2018 9 (Class A13) | |||||||||||||||||
| 107,382 | g,i | JP Morgan Mortgage Trust | 4.000 | 05/25/49 | 109,001 | ||||||||||||
| Series - 2019 1 (Class A3) | |||||||||||||||||
| 551,907 | g,i | JP Morgan Mortgage Trust | 4.000 | 05/25/49 | 559,553 | ||||||||||||
| Series - 2019 1 (Class A15) | |||||||||||||||||
| 832,005 | g,i | JP Morgan Mortgage Trust | 4.689 | 09/25/49 | 845,945 | ||||||||||||
| Series - 2019 3 (Class B1) | |||||||||||||||||
| 946,624 | g,i | JP Morgan Mortgage Trust | LIBOR 1 M + 0.950% | 1.036 | 10/25/49 | 951,573 | |||||||||||
| Series - 2019 INV1 (Class A11) | |||||||||||||||||
| 2,487,938 | g,i | JP Morgan Mortgage Trust | 3.869 | 06/25/50 | 2,552,002 | ||||||||||||
| Series - 2020 1 (Class B2) | |||||||||||||||||
| 4,841,115 | g,i | JP Morgan Mortgage Trust | 2.500 | 10/25/51 | 4,850,570 | ||||||||||||
| Series - 2021 6 (Class A15) | |||||||||||||||||
| 2,702,510 | g,i | JP Morgan Mortgage Trust | 2.500 | 11/25/51 | 2,714,544 | ||||||||||||
| Series - 2021 7 (Class A15) | |||||||||||||||||
| 3,175,361 | g,i | JP Morgan Mortgage Trust | 2.500 | 12/25/51 | 3,191,485 | ||||||||||||
| Series - 2021 8 (Class A15) | |||||||||||||||||
| 603,253 | JPMBB Commercial Mortgage Securities Trust | 3.657 | 09/15/47 | 631,018 | |||||||||||||
| Series - 2014 C23 (Class ASB) | |||||||||||||||||
| 5,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.634 | 02/15/48 | 5,307,076 | |||||||||||||
| Series - 2015 C27 (Class AS) | |||||||||||||||||
| 4,800,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.773 | 08/15/48 | 5,228,875 | ||||||||||||
| Series - 2015 C31 (Class B) | |||||||||||||||||
| 5,000,000 | JPMDB Commercial Mortgage Securities Trust | 2.536 | 05/13/53 | 5,118,387 | |||||||||||||
| Series - 2020 COR7 (Class AS) | |||||||||||||||||
| 10,000,000 | g | Liberty Street Trust | 3.597 | 02/10/36 | 10,805,598 | ||||||||||||
| Series - 2016 225L (Class A) | |||||||||||||||||
| 383,701 | Master Alternative Loan Trust | 7.000 | 01/25/34 | 402,124 | |||||||||||||
| Series - 2004 1 (Class 3A1) | |||||||||||||||||
| 929,493 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 4.384 | 12/15/46 | 989,492 | ||||||||||||
| Series - 2014 C19 (Class LNC2) | |||||||||||||||||
| 850,782 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.338 | 03/15/48 | 903,952 | |||||||||||||
| Series - 2015 C21 (Class A4) | |||||||||||||||||
| 360,442 | i | Morgan Stanley Capital I Trust | LIBOR 1 M + 0.825% | 0.911 | 08/25/34 | 357,767 | |||||||||||
| Series - 2004 HE6 (Class M1) | |||||||||||||||||
| 2,000,000 | i | Morgan Stanley Capital I Trust | 3.779 | 05/15/48 | 2,171,268 | ||||||||||||
| Series - 2015 MS1 (Class A4) | |||||||||||||||||
| 210,676 | †,i | Morgan Stanley Capital I Trust | 6.470 | 12/12/49 | 126,406 | ||||||||||||
| Series - 2007 IQ16 (Class AJFX) | |||||||||||||||||
| 293 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 300,000 | Morgan Stanley Capital I Trust | 3.587 | % | 12/15/50 | $ | 331,100 | ||||||||||
| Series - 2017 HR2 (Class A4) | |||||||||||||||||
| 2,150,000 | i | Morgan Stanley Capital I Trust | 4.429 | 07/15/51 | 2,440,777 | ||||||||||||
| Series - 2018 H3 (Class AS) | |||||||||||||||||
| 1,500,000 | g | MRCD Mortgage Trust | 2.718 | 12/15/36 | 1,490,501 | ||||||||||||
| Series - 2019 PARK (Class E) | |||||||||||||||||
| 2,000,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 0.784% | 0.867 | 07/15/33 | 1,991,113 | |||||||||||
| Series - 2018 850T (Class A) | |||||||||||||||||
| 11,100,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 1.500% | 1.584 | 07/15/36 | 11,096,691 | |||||||||||
| Series - 2019 MILE (Class A) | |||||||||||||||||
| 3,000,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 3.500% | 3.584 | 07/15/36 | 2,985,128 | |||||||||||
| Series - 2019 MILE (Class E) | |||||||||||||||||
| 4,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 4.250% | 4.334 | 07/15/36 | 4,472,340 | |||||||||||
| Series - 2019 MILE (Class F) | |||||||||||||||||
| 10,000,000 | g | Natixis Commercial Mortgage Securities Trust | 3.305 | 10/15/36 | 10,015,409 | ||||||||||||
| Series - 2019 1776 (Class D) | |||||||||||||||||
| 2,000,000 | g | Natixis Commercial Mortgage Securities Trust | 3.902 | 10/15/36 | 2,007,405 | ||||||||||||
| Series - 2019 1776 (Class E) | |||||||||||||||||
| 111,808 | g,i | New Residential Mortgage Loan Trust | 4.000 | 02/25/57 | 119,560 | ||||||||||||
| Series - 2017 1A (Class A1) | |||||||||||||||||
| 729,354 | g,i | New Residential Mortgage Loan Trust | 4.000 | 08/27/57 | 777,179 | ||||||||||||
| Series - 2017 6A (Class A1) | |||||||||||||||||
| 835,710 | g,i | New Residential Mortgage Loan Trust | 2.797 | 09/25/59 | 840,421 | ||||||||||||
| Series - 2019 NQM4 (Class A3) | |||||||||||||||||
| 425,000 | g,i | New Residential Mortgage Loan Trust | 2.986 | 09/25/59 | 425,903 | ||||||||||||
| Series - 2019 NQM4 (Class M1) | |||||||||||||||||
| 192,620 | i | New York Mortgage Trust | LIBOR 1 M + 0.480% | 0.566 | 02/25/36 | 194,109 | |||||||||||
| Series - 2005 3 (Class A1) | |||||||||||||||||
| 650,000 | g,i | NLT Trust | 2.569 | 08/25/56 | 641,873 | ||||||||||||
| Series - 2021 INV2 (Class M1) | |||||||||||||||||
| 560,132 | g,i | OBX Trust | LIBOR 1 M + 0.650% | 0.736 | 06/25/57 | 560,243 | |||||||||||
| Series - 2018 1 (Class A2) | |||||||||||||||||
| 1,736,781 | g,i | Oceanview Mortgage Trust | 2.500 | 05/25/51 | 1,742,257 | ||||||||||||
| Series - 2021 1 (Class A19) | |||||||||||||||||
| 5,700,000 | g | One Bryant Park Trust | 2.516 | 09/15/54 | 5,866,374 | ||||||||||||
| Series - 2019 OBP (Class A) | |||||||||||||||||
| 2,700,000 | g,i | Onslow Bay Mortgage Loan Trust | 2.451 | 05/25/61 | 2,704,616 | ||||||||||||
| Series - 2021 NQM2 (Class M1) | |||||||||||||||||
| 227,718 | g,i | Sequoia Mortgage Trust | 3.500 | 05/25/45 | 231,700 | ||||||||||||
| Series - 2015 2 (Class A1) | |||||||||||||||||
| 289,016 | g,i | Sequoia Mortgage Trust | 3.500 | 06/25/46 | 294,236 | ||||||||||||
| Series - 2016 1 (Class A19) | |||||||||||||||||
| 529,167 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/46 | 530,073 | ||||||||||||
| Series - 2016 3 (Class A10) | |||||||||||||||||
| 60,374 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 60,333 | ||||||||||||
| Series - 2017 1 (Class A4) | |||||||||||||||||
| 963,275 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 978,489 | ||||||||||||
| Series - 2017 2 (Class A19) | |||||||||||||||||
| 821,331 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 831,745 | ||||||||||||
| Series - 2017 3 (Class A19) | |||||||||||||||||
| 1,241,235 | g,i | Sequoia Mortgage Trust | 3.764 | 09/25/47 | 1,266,657 | ||||||||||||
| Series - 2017 6 (Class B1) | |||||||||||||||||
| 294 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 368,386 | g,i | Sequoia Mortgage Trust | 3.500 | % | 02/25/48 | $ | 374,592 | |||||||||
| Series - 2018 2 (Class A1) | |||||||||||||||||
| 1,197,756 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/48 | 1,213,001 | ||||||||||||
| Series - 2018 2 (Class A19) | |||||||||||||||||
| 454,581 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 460,838 | ||||||||||||
| Series - 2018 3 (Class A1) | |||||||||||||||||
| 60,399 | g,i | Sequoia Mortgage Trust | 4.000 | 09/25/48 | 61,119 | ||||||||||||
| Series - 2018 7 (Class A19) | |||||||||||||||||
| 25,954 | g,i | Sequoia Mortgage Trust | 4.000 | 11/25/48 | 26,222 | ||||||||||||
| Series - 2018 8 (Class A19) | |||||||||||||||||
| 812,877 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 825,158 | ||||||||||||
| Series - 2019 2 (Class A1) | |||||||||||||||||
| 233,451 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 236,840 | ||||||||||||
| Series - 2019 2 (Class A19) | |||||||||||||||||
| 973,775 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/49 | 981,628 | ||||||||||||
| Series - 2019 4 (Class A1) | |||||||||||||||||
| 2,057,988 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 2,086,510 | ||||||||||||
| Series - 2019 5 (Class A1) | |||||||||||||||||
| 1,157,621 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 1,170,306 | ||||||||||||
| Series - 2019 5 (Class A19) | |||||||||||||||||
| 2,702,535 | g,i | Sequoia Mortgage Trust | 3.000 | 04/25/50 | 2,752,091 | ||||||||||||
| Series - 2020 3 (Class A19) | |||||||||||||||||
| 2,657,965 | g,i | Sequoia Mortgage Trust | 2.500 | 06/25/51 | 2,666,479 | ||||||||||||
| Series - 2021 4 (Class A19) | |||||||||||||||||
| 23,693 | g,i | Shellpoint Co-Originator Trust | 3.500 | 11/25/46 | 23,685 | ||||||||||||
| Series - 2016 1 (Class 1A10) | |||||||||||||||||
| 602,917 | g,i | Shellpoint Co-Originator Trust | 3.500 | 10/25/47 | 610,706 | ||||||||||||
| Series - 2017 2 (Class A1) | |||||||||||||||||
| 15,415,000 | g | SLG Office Trust | 2.851 | 07/15/41 | 14,945,174 | ||||||||||||
| Series - 2021 OVA (Class E) | |||||||||||||||||
| 3,500,000 | g,i | Spruce Hill Mortgage Loan Trust | 3.827 | 01/28/50 | 3,542,853 | ||||||||||||
| Series - 2020 SH1 (Class B1) | |||||||||||||||||
| 38,738 | i | Structured Agency Credit Risk Debt Note (STACR) | LIBOR 1 M + 1.200% | 1.286 | 10/25/29 | 38,751 | |||||||||||
| Series - 2017 DNA2 (Class M1) | |||||||||||||||||
| 2,953,650 | i | STACR | LIBOR 1 M + 2.300% | 2.472 | 08/25/30 | 2,991,042 | |||||||||||
| Series - 2018 HQA1 (Class M2) | |||||||||||||||||
| 6,250,000 | g,i | STACR | 2.150 | 10/25/33 | 6,376,941 | ||||||||||||
| Series - 2021 DNA3 (Class M2) | |||||||||||||||||
| 498,424 | g,i | STACR | 4.039 | 09/25/47 | 497,560 | ||||||||||||
| Series - 2017 SPI1 (Class M2) | |||||||||||||||||
| 4,356,000 | g,i | STACR | LIBOR 1 M + 2.500% | 2.586 | 02/25/50 | 4,366,650 | |||||||||||
| Series - 2020 DNA2 (Class B1) | |||||||||||||||||
| 3,000,000 | UBS-Barclays Commercial Mortgage Trust | 2.850 | 12/10/45 | 3,056,157 | |||||||||||||
| Series - 2012 C4 (Class A5) | |||||||||||||||||
| 1,000,000 | g,i | UBS-Barclays Commercial Mortgage Trust | 3.649 | 03/10/46 | 1,013,013 | ||||||||||||
| Series - 2013 C5 (Class B) | |||||||||||||||||
| 350,000 | g,i | Verus Securitization Trust | 3.139 | 07/25/59 | 351,727 | ||||||||||||
| Series - 2019 3 (Class M1) | |||||||||||||||||
| 930,000 | g,i | Verus Securitization Trust | 3.207 | 11/25/59 | 944,344 | ||||||||||||
| Series - 2019 4 (Class M1) | |||||||||||||||||
| 954,617 | g | Verus Securitization Trust | 1.733 | 05/25/65 | 958,669 | ||||||||||||
| Series - 2020 5 (Class A3) | |||||||||||||||||
| 597,691 | g | Verus Securitization Trust | 2.321 | 05/25/65 | 602,472 | ||||||||||||
| Series - 2020 4 (Class A3) | |||||||||||||||||
| 295 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 1,700,000 | g,i | VNDO Trust | 4.033 | % | 01/10/35 | $ | 1,653,207 | |||||||
| Series - 2016 350P (Class E) | |||||||||||||||
| 1,157,407 | g | VSE VOI Mortgage LLC | 4.020 | 02/20/36 | 1,199,427 | ||||||||||
| Series - 2018 A (Class C) | |||||||||||||||
| 291,590 | i | Wachovia Mortgage Loan Trust | 2.310 | 10/20/35 | 281,182 | ||||||||||
| Series - 2005 B (Class 1A1) | |||||||||||||||
| 11,124 | i | Washington Mutual Mortgage Pass-Through Certificates Trust | 5.946 | 08/25/38 | 11,650 | ||||||||||
| Series - 2004 RA3 (Class 2A) | |||||||||||||||
| 2,000,000 | i | Wells Fargo Commercial Mortgage Trust | 4.284 | 05/15/48 | 2,046,801 | ||||||||||
| Series - 2015 NXS1 (Class D) | |||||||||||||||
| 1,200,000 | g | Wells Fargo Commercial Mortgage Trust | 3.153 | 09/15/57 | 1,180,340 | ||||||||||
| Series - 2015 NXS3 (Class D) | |||||||||||||||
| 235,476 | g,i | Wells Fargo Mortgage Backed Securities Trust | 4.000 | 04/25/49 | 236,380 | ||||||||||
| Series - 2019 2 (Class A17) | |||||||||||||||
| 277,933 | g,i | Wells Fargo Mortgage Backed Securities Trust | 3.000 | 07/25/50 | 282,458 | ||||||||||
| Series - 2020 4 (Class A17) | |||||||||||||||
| 6,700,000 | g,i | Wells Fargo Mortgage Backed Securities Trust | 2.500 | 06/25/51 | 6,703,664 | ||||||||||
| Series - 2021 2 (Class A17) | |||||||||||||||
| 5,277,000 | WFRBS Commercial Mortgage Trust | 3.607 | 11/15/47 | 5,627,521 | |||||||||||
| Series - 2014 C24 (Class A5) | |||||||||||||||
| 2,000,000 | WF-RBS Commercial Mortgage Trust | 3.337 | 06/15/46 | 2,081,543 | |||||||||||
| Series - 2013 C14 (Class A5) | |||||||||||||||
| 150,947 | g,i | WinWater Mortgage Loan Trust | 3.856 | 06/20/44 | 151,798 | ||||||||||
| Series - 2014 1 (Class B4) | |||||||||||||||
| TOTAL OTHER MORTGAGE BACKED | 488,432,312 | ||||||||||||||
| TOTAL STRUCTURED ASSETS | 948,929,606 | ||||||||||||||
| (Cost $937,628,794) | |||||||||||||||
| TOTAL BONDS | 5,397,300,197 | ||||||||||||||
| (Cost $5,290,988,427) | |||||||||||||||
| SHARES | COMPANY | ||||||||||||||
| COMMON STOCKS - 0.0% | |||||||||||||||
| ENERGY - 0.0% | |||||||||||||||
| 1,538 | *,† | Cloud Peak Energy, Inc | 15 | ||||||||||||
| TOTAL ENERGY | 15 | ||||||||||||||
| MATERIALS - 0.0% | |||||||||||||||
| 27,730,192 | * | Petra Diamonds | 653,864 | ||||||||||||
| TOTAL MATERIALS | 653,864 | ||||||||||||||
| REAL ESTATE - 0.0% | |||||||||||||||
| 7,034 | * | Warehouses De Pauw CVA | 11,079 | ||||||||||||
| TOTAL REAL ESTATE | 11,079 | ||||||||||||||
| TOTAL COMMON STOCKS | 664,958 | ||||||||||||||
| (Cost $1,019,745) | |||||||||||||||
| 296 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| SHARES | COMPANY | RATE | MATURITY DATE | VALUE | |||||||||||
| PREFERRED STOCKS - 0.3% | |||||||||||||||
| BANKS - 0.2% | |||||||||||||||
| 142,800 | Bank of America Corp | $ | 3,762,780 | ||||||||||||
| 196,000 | JPMorgan Chase & Co | 5,115,600 | |||||||||||||
| 200,000 | Wintrust Financial Corp | 5,724,000 | |||||||||||||
| TOTAL BANKS | 14,602,380 | ||||||||||||||
| DIVERSIFIED FINANCIALS - 0.1% | |||||||||||||||
| 35,370 | Morgan Stanley | 1,009,814 | |||||||||||||
| 108,701 | e | Morgan Stanley | 3,045,802 | ||||||||||||
| TOTAL DIVERSIFIED FINANCIALS | 4,055,616 | ||||||||||||||
| TOTAL PREFERRED STOCKS | 18,657,996 | ||||||||||||||
| (Cost $17,314,409) | |||||||||||||||
| PRINCIPAL | ISSUER | ||||||||||||||
| SHORT-TERM INVESTMENTS - 17.7% | |||||||||||||||
| GOVERNMENT AGENCY DEBT - 16.0% | |||||||||||||||
| $ | 50,000,000 | Federal Agricultural Mortgage Corp (FAMC) | 0.000 | % | 10/21/21 | 49,999,444 | |||||||||
| 25,000,000 | FAMC | 0.000 | 12/16/21 | 24,997,890 | |||||||||||
| 15,000,000 | Federal Farm Credit Bank (FFCB) | 0.000 | 12/28/21 | 14,998,534 | |||||||||||
| 5,000,000 | FFCB | 0.000 | 01/07/22 | 4,999,456 | |||||||||||
| 10,000,000 | FFCB | 0.000 | 01/26/22 | 9,998,700 | |||||||||||
| 5,000,000 | FFCB | 0.000 | 02/11/22 | 4,999,077 | |||||||||||
| 10,000,000 | FFCB | 0.000 | 02/15/22 | 9,998,098 | |||||||||||
| 19,990,000 | FFCB | 0.000 | 02/16/22 | 19,986,170 | |||||||||||
| 20,000,000 | FFCB | 0.000 | 02/25/22 | 19,995,918 | |||||||||||
| 12,500,000 | FFCB | 0.000 | 03/01/22 | 12,497,379 | |||||||||||
| 4,000,000 | FFCB | 0.000 | 04/11/22 | 3,998,735 | |||||||||||
| 7,000,000 | FFCB | 0.000 | 06/16/22 | 6,996,535 | |||||||||||
| 11,000,000 | FFCB | 0.000 | 07/25/22 | 10,992,840 | |||||||||||
| 35,344,000 | Federal Home Loan Bank (FHLB) | 0.000 | 10/06/21 | 35,343,902 | |||||||||||
| 51,387,000 | FHLB | 0.000 | 10/08/21 | 51,386,800 | |||||||||||
| 59,168,000 | FHLB | 0.000 | 10/13/21 | 59,167,605 | |||||||||||
| 15,000,000 | FHLB | 0.000 | 10/14/21 | 14,999,892 | |||||||||||
| 129,595,000 | FHLB | 0.000 | 10/20/21 | 129,593,633 | |||||||||||
| 22,834,000 | FHLB | 0.000 | 10/22/21 | 22,833,733 | |||||||||||
| 14,000,000 | FHLB | 0.000 | 10/25/21 | 13,999,813 | |||||||||||
| 40,600,000 | FHLB | 0.000 | 10/27/21 | 40,599,414 | |||||||||||
| 20,000,000 | FHLB | 0.000 | 10/29/21 | 19,999,689 | |||||||||||
| 25,000,000 | FHLB | 0.000 | 11/03/21 | 24,999,083 | |||||||||||
| 39,071,000 | FHLB | 0.000 | 11/05/21 | 39,069,481 | |||||||||||
| 5,692,000 | FHLB | 0.000 | 11/10/21 | 5,691,747 | |||||||||||
| 30,161,000 | FHLB | 0.000 | 11/12/21 | 30,159,593 | |||||||||||
| 18,000,000 | FHLB | 0.000 | 11/17/21 | 17,999,060 | |||||||||||
| 12,500,000 | FHLB | 0.000 | 11/19/21 | 12,499,320 | |||||||||||
| 21,500,000 | FHLB | 0.000 | 12/08/21 | 21,498,376 | |||||||||||
| 25,000,000 | FHLB | 0.000 | 12/22/21 | 24,997,723 | |||||||||||
| 25,000,000 | h | FHLB | 0.000 | 01/03/22 | 24,997,389 | ||||||||||
| 25,000,000 | FHLB | 0.000 | 01/19/22 | 24,996,945 | |||||||||||
| 50,000,000 | FHLB | 0.045 | 02/14/22 | 49,993,145 | |||||||||||
| 297 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 25,000,000 | FHLB | 0.000 | % | 02/22/22 | $ | 24,995,002 | ||||||||
| 20,000,000 | FHLB | 0.000 | 05/05/22 | 19,992,889 | |||||||||||
| 20,000,000 | FHLB | 0.000 | 08/03/22 | 19,986,589 | |||||||||||
| TOTAL GOVERNMENT AGENCY DEBT | 924,259,599 | ||||||||||||||
| REPURCHASE AGREEMENT - 0.7% | |||||||||||||||
| 40,170,000 | r | Fixed Income Clearing Corp (FICC) | 0.010 | 10/01/21 | 40,170,000 | ||||||||||
| TOTAL REPURCHASE AGREEMENT | 40,170,000 | ||||||||||||||
| TREASURY DEBT - 0.7% | |||||||||||||||
| EGP | 35,600,000 | Egypt Treasury Bill | 0.000 | 12/07/21 | 2,214,756 | ||||||||||
| 33,400,000 | Egypt Treasury Bill | 0.000 | 02/22/22 | 2,028,001 | |||||||||||
| UAH | 16,000,000 | Ukraine Treasury Bill | 0.000 | 10/27/21 | 597,728 | ||||||||||
| $ | 27,695,000 | United States Treasury Bill | 0.000 | 10/07/21 | 27,694,827 | ||||||||||
| 10,000,000 | United States Treasury Bill | 0.000 | 08/11/22 | 9,993,677 | |||||||||||
| TOTAL TREASURY DEBT | 42,528,989 | ||||||||||||||
| SHARES | COMPANY | ||||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3% | |||||||||||||||
| 13,678,548 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.030 | 13,678,548 | |||||||||||
| TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 13,678,548 | ||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | 1,020,637,136 | ||||||||||||||
| (Cost $1,020,611,827) | |||||||||||||||
| TOTAL INVESTMENTS - 114.4% | 6,606,542,198 | ||||||||||||||
| (Cost $6,499,158,802) | |||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - (14.4)% | (831,220,253 | ) | |||||||||||||
| NET ASSETS - 100.0% | $ | 5,775,321,945 | |||||||||||||
| Abbreviation(s): | |||
| CNY | Chinese Yuan | ||
| DOP | Dominican Republic Peso | ||
| EGP | Egyptian Pound | ||
| EUR | Euro | ||
| GHS | Ghanaian Cedi | ||
| INR | Indian Rupee | ||
| LIBOR | London Interbank Offered Rate | ||
| M | Month | ||
| MXN | Mexican Peso | ||
| MYR | Malaysian Ringgit | ||
| REIT | Real Estate Investment Trust | ||
| RUB | Russian Ruble | ||
| THB | Thai Baht | ||
| UAH | Ukrainian Hryvnia | ||
| UGX | Ugandan Shilling | ||
| UYU | Uruguayan Peso | ||
| UZS | Uzbekistani Som | ||
| ZAR | South African Rand | ||
| 298 |
TIAA-CREF FUNDS – Core Plus Bond Fund
| * | Non-income producing | ||
| † | Security is categorized as Level 3 in the fair value hierarchy. | ||
| ‡ | Perpetual security | ||
| 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 $13,363,822. | ||
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities is $1,683,600,992 or 29.2% of net assets. | ||
| h | All or a portion of 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. | ||
| o | Payment in Kind Bond | ||
| q | In default | ||
| r | Agreement with Fixed Income Clearing Corp (FICC), 0.010% dated 9/30/21 to be repurchased at $40,170,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $40,973,511. | ||
Forward foreign currency contracts outstanding as of September 30, 2021 were as follows:
| Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation) |
||||||||
| $ | 1,978,968 | EUR | 1,675,347 | Citibank N.A. | 10/25/21 | $ | 37,387 | |||||||
| Abbreviation(s): | |||
| EUR | Euro | ||
Centrally cleared credit default swap contracts outstanding as of September 30, 2021 were as follows:
PURCHASED
| Reference entity | Terms of payments to be paid | Terms of payments to be received | Counterparty | Fixed rate payment frequency | Maturity date | Value | Premiums
paid (received) | Notional amount* | Variation margin | Unrealized appreciation (depreciation) | ||||||||||||||||||||||
| CDX-NAHYS37V1-5Y | 5.000% | Credit event as specified in contract | Citigroup Global Markets, Inc | Quarterly | 12/20/26 | $ | (10,174,401 | ) | $ | (10,696,858 | ) | 110,000,000 | $ | 227,380 | $ | 522,457 | ||||||||||||||||
* The maximum potential amount the Account could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs is defined under the terms of that particular swap agreement. This amount may be reduced by any recoverable assets, if applicable.
| 299 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
TIAA-CREF FUNDS
5-15 YEAR LADDERED TAX-EXEMPT BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
September 30, 2021
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| LONG-TERM MUNICIPAL BONDS - 97.2% | |||||||||||||||||
| ALABAMA - 2.3% | |||||||||||||||||
| $ | 500,000 | City of Birmingham AL | 5.000 | % | 12/01/29 | $ | 625,811 | ||||||||||
| 500,000 | City of Birmingham AL | 5.000 | 12/01/30 | 625,852 | |||||||||||||
| 630,000 | County of Mobile AL | 5.000 | 02/01/34 | 788,503 | |||||||||||||
| 2,900,000 | Lower Alabama Gas District | 4.000 | 12/01/50 | 3,266,182 | |||||||||||||
| 1,000,000 | University of South Alabama | 5.000 | 11/01/31 | 1,181,815 | |||||||||||||
| TOTAL ALABAMA | 6,488,163 | ||||||||||||||||
| ALASKA - 1.2% | |||||||||||||||||
| 500,000 | Alaska Municipal Bond Bank Authority | 5.000 | 12/01/31 | 589,160 | |||||||||||||
| 2,570,000 | Borough of Matanuska-Susitna AK | 5.000 | 09/01/25 | 2,977,171 | |||||||||||||
| TOTAL ALASKA | 3,566,331 | ||||||||||||||||
| ARIZONA - 0.8% | |||||||||||||||||
| 2,000,000 | Chandler Industrial Development Authority | 5.000 | 06/01/49 | 2,233,793 | |||||||||||||
| 190,000 | Pinal County Electric District No 3 | 5.000 | 07/01/33 | 223,800 | |||||||||||||
| TOTAL ARIZONA | 2,457,593 | ||||||||||||||||
| ARKANSAS - 0.4% | |||||||||||||||||
| 1,000,000 | City of Fort Smith AR Water & Sewer Revenue | 5.000 | 10/01/32 | 1,251,331 | |||||||||||||
| TOTAL ARKANSAS | 1,251,331 | ||||||||||||||||
| CALIFORNIA - 4.5% | |||||||||||||||||
| 1,090,000 | California County Tobacco Securitization Agency | 4.000 | 06/01/36 | 1,308,696 | |||||||||||||
| 365,000 | California Educational Facilities Authority | 5.000 | 12/01/29 | 455,215 | |||||||||||||
| 1,510,000 | California Health Facilities Financing Authority | 5.000 | 09/01/33 | 1,836,971 | |||||||||||||
| 185,000 | California Municipal Finance Authority | 4.000 | 07/15/29 | 209,197 | |||||||||||||
| 65,000 | g | California School Finance Authority | 5.000 | 08/01/25 | 76,095 | ||||||||||||
| 650,000 | g | California School Finance Authority | 5.000 | 08/01/25 | 751,684 | ||||||||||||
| 225,000 | g | California Statewide Communities Development Authority | 5.000 | 12/01/28 | 270,568 | ||||||||||||
| 2,000,000 | City of Los Angeles Department of Airports | 5.000 | 05/15/27 | 2,370,902 | |||||||||||||
| 1,000,000 | City of Los Angeles Department of Airports | 5.000 | 05/15/36 | 1,279,450 | |||||||||||||
| 450,000 | Palmdale Community Redevelopment Agency | 5.000 | 09/01/25 | 526,214 | |||||||||||||
| 415,000 | Palmdale Community Redevelopment Agency | 5.000 | 09/01/31 | 490,625 | |||||||||||||
| 750,000 | San Diego Public Facilities Financing Authority | 5.000 | 10/15/31 | 873,836 | |||||||||||||
| 1,405,000 | San Francisco City & County Airport Comm-San Francisco International Airport | 5.000 | 05/01/31 | 1,846,701 | |||||||||||||
| 500,000 | Santee CDC Successor Agency | 5.000 | 08/01/27 | 595,581 | |||||||||||||
| TOTAL CALIFORNIA | 12,891,735 | ||||||||||||||||
| 300 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| COLORADO - 1.6% | |||||||||||||||||
| $ | 1,500,000 | City & County of Denver CO Airport System Revenue | 5.000 | % | 11/15/30 | $ | 1,836,001 | ||||||||||
| 590,000 | City & County of Denver CO Airport System Revenue | 5.000 | 12/01/31 | 733,684 | |||||||||||||
| 250,000 | Colorado Health Facilities Authority | 5.000 | 12/01/41 | 294,230 | |||||||||||||
| 310,000 | Denver Health & Hospital Authority | 5.000 | 12/01/28 | 388,333 | |||||||||||||
| 1,000,000 | Interlocken Metropolitan District | 5.000 | 12/01/27 | 1,228,778 | |||||||||||||
| TOTAL COLORADO | 4,481,026 | ||||||||||||||||
| CONNECTICUT - 4.3% | |||||||||||||||||
| 1,180,000 | Capital Region Development Authority | 5.000 | 06/15/29 | 1,419,400 | |||||||||||||
| 765,000 | Capital Region Development Authority | 5.000 | 06/15/33 | 905,596 | |||||||||||||
| 1,900,000 | City of Bridgeport CT | 5.000 | 06/01/34 | 2,404,159 | |||||||||||||
| 495,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/27 | 603,774 | |||||||||||||
| 630,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/29 | 762,860 | |||||||||||||
| 330,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/30 | 397,076 | |||||||||||||
| 350,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/32 | 418,935 | |||||||||||||
| 350,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/33 | 417,980 | |||||||||||||
| 300,000 | Connecticut State Higher Education Supplement Loan Authority | 5.000 | 11/15/25 | 348,795 | |||||||||||||
| 250,000 | Connecticut State Higher Education Supplement Loan Authority | 5.000 | 11/15/26 | 297,009 | |||||||||||||
| 500,000 | State of Connecticut Special Tax Revenue | 5.000 | 05/01/30 | 656,365 | |||||||||||||
| 1,000,000 | State of Connecticut Special Tax Revenue | 5.000 | 05/01/34 | 1,289,142 | |||||||||||||
| 2,000,000 | University of Connecticut | 5.000 | 03/15/28 | 2,374,220 | |||||||||||||
| TOTAL CONNECTICUT | 12,295,311 | ||||||||||||||||
| DISTRICT OF COLUMBIA - 3.3% | |||||||||||||||||
| 955,000 | District of Columbia | 5.000 | 04/01/27 | 1,160,851 | |||||||||||||
| 2,680,000 | Metropolitan Washington Airports Authority Aviation Revenue | 5.000 | 10/01/28 | 3,372,509 | |||||||||||||
| 3,800,000 | Metropolitan Washington Airports Authority Aviation Revenue | 5.000 | 10/01/32 | 4,977,771 | |||||||||||||
| TOTAL DISTRICT OF COLUMBIA | 9,511,131 | ||||||||||||||||
| FLORIDA - 6.1% | |||||||||||||||||
| 1,000,000 | Alachua County Health Facilities Authority | 5.000 | 12/01/31 | 1,279,190 | |||||||||||||
| 250,000 | County of Broward FL Airport System Revenue | 5.000 | 10/01/27 | 308,152 | |||||||||||||
| 250,000 | County of Broward FL Airport System Revenue | 5.000 | 10/01/28 | 305,673 | |||||||||||||
| 1,500,000 | County of Miami-Dade FL Aviation Revenue | 4.000 | 10/01/36 | 1,773,044 | |||||||||||||
| 3,000,000 | Escambia County Health Facilities Authority | 5.000 | 08/15/32 | 3,811,296 | |||||||||||||
| 1,100,000 | Greater Orlando Aviation Authority | 5.000 | 10/01/26 | 1,323,815 | |||||||||||||
| 175,000 | Hillsborough County Aviation Authority | 5.000 | 10/01/31 | 217,561 | |||||||||||||
| 185,000 | Hillsborough County Aviation Authority | 5.000 | 10/01/32 | 229,676 | |||||||||||||
| 301 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 190,000 | Hillsborough County Aviation Authority | 5.000 | % | 10/01/33 | $ | 235,520 | ||||||||||
| 400,000 | Hillsborough County Port District | 5.000 | 06/01/29 | 490,131 | |||||||||||||
| 1,000,000 | Hillsborough County Port District | 5.000 | 06/01/33 | 1,205,717 | |||||||||||||
| 210,000 | Miami-Dade County Educational Facilities Authority | 5.000 | 04/01/28 | 259,505 | |||||||||||||
| 1,375,000 | Miami-Dade County Expressway Authority | 5.000 | 07/01/31 | 1,630,790 | |||||||||||||
| 500,000 | Pinellas County School Board | 4.000 | 07/01/36 | 597,954 | |||||||||||||
| 2,180,000 | Port St. Lucie Community Redevelopment Agency | 5.000 | 01/01/26 | 2,556,535 | |||||||||||||
| 500,000 | School District of Broward County | 5.000 | 07/01/31 | 591,740 | |||||||||||||
| 75,000 | Volusia County Educational Facility Authority | 5.000 | 10/15/25 | 87,644 | |||||||||||||
| 540,000 | Volusia County Educational Facility Authority | 5.000 | 10/15/32 | 654,535 | |||||||||||||
| TOTAL FLORIDA | 17,558,478 | ||||||||||||||||
| GEORGIA - 4.2% | |||||||||||||||||
| 1,250,000 | Brookhaven Development Authority | 5.000 | 07/01/27 | 1,545,900 | |||||||||||||
| 1,110,000 | Burke County Development Authority | 2.250 | 10/01/32 | 1,143,061 | |||||||||||||
| 1,000,000 | Dahlonega Downtown Development Authority | 4.000 | 07/01/37 | 1,122,469 | |||||||||||||
| 1,250,000 | Dahlonega Downtown Development Authority | 4.000 | 07/01/38 | 1,400,702 | |||||||||||||
| 1,000,000 | Dahlonega Downtown Development Authority | 5.000 | 07/01/39 | 1,190,279 | |||||||||||||
| 250,000 | Georgia Municipal Association, Inc | 5.000 | 12/01/30 | 308,355 | |||||||||||||
| 1,000,000 | Glynn-Brunswick Memorial Hospital Authority | 5.000 | 08/01/47 | 1,172,516 | |||||||||||||
| 1,020,000 | Main Street Natural Gas, Inc | 4.000 | 08/01/49 | 1,124,030 | |||||||||||||
| 2,500,000 | Municipal Electric Authority of Georgia | 5.000 | 01/01/62 | 3,034,839 | |||||||||||||
| TOTAL GEORGIA | 12,042,151 | ||||||||||||||||
| GUAM - 0.2% | |||||||||||||||||
| 200,000 | Port Authority of Guam | 5.000 | 07/01/29 | 239,079 | |||||||||||||
| 200,000 | Port Authority of Guam | 5.000 | 07/01/30 | 237,161 | |||||||||||||
| TOTAL GUAM | 476,240 | ||||||||||||||||
| HAWAII - 1.4% | |||||||||||||||||
| 1,275,000 | City & County of Honolulu HI | 5.000 | 09/01/27 | 1,585,089 | |||||||||||||
| 1,000,000 | State of Hawaii Airports System Revenue | 5.000 | 07/01/29 | 1,243,314 | |||||||||||||
| 1,000,000 | State of Hawaii Airports System Revenue | 5.000 | 07/01/41 | 1,145,215 | |||||||||||||
| TOTAL HAWAII | 3,973,618 | ||||||||||||||||
| ILLINOIS - 12.4% | |||||||||||||||||
| 1,500,000 | Chicago Board of Education | 5.000 | 12/01/26 | 1,791,903 | |||||||||||||
| 1,335,000 | Chicago Board of Education | 4.000 | 12/01/27 | 1,548,233 | |||||||||||||
| 500,000 | Chicago Housing Authority | 5.000 | 01/01/33 | 592,494 | |||||||||||||
| 2,000,000 | Chicago Midway International Airport | 5.000 | 01/01/26 | 2,350,931 | |||||||||||||
| 400,000 | Chicago O’Hare International Airport | 5.000 | 01/01/22 | 404,570 | |||||||||||||
| 300,000 | Chicago O’Hare International Airport | 5.000 | 01/01/28 | 358,884 | |||||||||||||
| 1,000,000 | Chicago O’Hare International Airport | 5.000 | 01/01/32 | 1,135,237 | |||||||||||||
| 300,000 | Chicago Transit Authority | 5.000 | 06/01/28 | 375,940 | |||||||||||||
| 3,250,000 | City of Chicago IL | 5.000 | 01/01/28 | 3,966,200 | |||||||||||||
| 1,500,000 | City of Chicago IL Wastewater Transmission Revenue | 5.000 | 01/01/22 | 1,517,251 | |||||||||||||
| 500,000 | City of Chicago IL Wastewater Transmission Revenue | 5.000 | 01/01/22 | 505,750 | |||||||||||||
| 302 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | City of Chicago IL Wastewater Transmission Revenue | 5.000 | % | 01/01/26 | $ | 1,178,216 | ||||||||||
| 1,250,000 | City of Chicago IL, GO | 5.000 | 01/01/29 | 1,555,171 | |||||||||||||
| 1,500,000 | City of Chicago IL, GO | 5.500 | 01/01/35 | 1,691,323 | |||||||||||||
| 650,000 | City of Chicago IL, GO | 5.500 | 01/01/37 | 732,391 | |||||||||||||
| 500,000 | City of Chicago IL, GO | 5.500 | 01/01/42 | 561,630 | |||||||||||||
| 150,000 | Cook County School District No 78 Rosemont | 5.000 | 12/01/31 | 197,129 | |||||||||||||
| 1,750,000 | County of Cook IL | 5.000 | 11/15/31 | 2,078,948 | |||||||||||||
| 1,160,000 | County of Cook IL Sales Tax Revenue | 5.000 | 11/15/36 | 1,483,217 | |||||||||||||
| 500,000 | Illinois Finance Authority | 5.000 | 11/01/21 | 501,687 | |||||||||||||
| 305,000 | Metropolitan Pier & Exposition Authority | 4.000 | 06/15/52 | 341,460 | |||||||||||||
| 2,000,000 | Metropolitan Water Reclamation District of Greater Chicago | 5.000 | 12/01/30 | 2,428,837 | |||||||||||||
| 1,500,000 | Sales Tax Securitization Corp | 5.000 | 01/01/30 | 1,835,420 | |||||||||||||
| 2,000,000 | State of Illinois | 5.000 | 06/01/28 | 2,341,223 | |||||||||||||
| 1,500,000 | State of Illinois | 5.000 | 03/01/37 | 1,870,858 | |||||||||||||
| 250,000 | Village of Broadview IL | 5.000 | 12/01/28 | 312,244 | |||||||||||||
| 200,000 | Village of Broadview IL | 5.000 | 12/01/29 | 249,098 | |||||||||||||
| 545,000 | Village of Broadview IL | 5.000 | 12/01/30 | 675,514 | |||||||||||||
| 745,000 | Village of Broadview IL | 5.000 | 12/01/33 | 918,058 | |||||||||||||
| TOTAL ILLINOIS | 35,499,817 | ||||||||||||||||
| INDIANA - 0.6% | |||||||||||||||||
| 1,365,000 | City of Whiting IN | 5.000 | 12/01/44 | 1,630,694 | |||||||||||||
| TOTAL INDIANA | 1,630,694 | ||||||||||||||||
| IOWA - 0.2% | |||||||||||||||||
| 475,000 | Iowa Higher Education Loan Authority | 5.000 | 10/01/27 | 586,112 | |||||||||||||
| TOTAL IOWA | 586,112 | ||||||||||||||||
| KENTUCKY - 1.9% | |||||||||||||||||
| 2,000,000 | Kentucky Turnpike Authority | 5.000 | 07/01/26 | 2,395,684 | |||||||||||||
| 1,250,000 | Paducah Electric Plant Board | 5.000 | 10/01/34 | 1,494,400 | |||||||||||||
| 1,250,000 | Paducah Electric Plant Board | 5.000 | 10/01/35 | 1,492,829 | |||||||||||||
| TOTAL KENTUCKY | 5,382,913 | ||||||||||||||||
| LOUISIANA - 1.7% | |||||||||||||||||
| 480,000 | City of New Orleans LA Sewerage Service Revenue | 4.000 | 06/01/36 | 560,600 | |||||||||||||
| 750,000 | Louisiana Local Government Environmental Facilities & Community Development Authority | 5.000 | 10/01/27 | 922,985 | |||||||||||||
| 500,000 | New Orleans Aviation Board | 5.000 | 10/01/33 | 622,806 | |||||||||||||
| 1,250,000 | St. Tammany Parish Hospital Service District No | 5.000 | 07/01/33 | 1,528,547 | |||||||||||||
| 1,000,000 | State of Louisiana | 5.000 | 08/01/26 | 1,206,448 | |||||||||||||
| TOTAL LOUISIANA | 4,841,386 | ||||||||||||||||
| MAINE - 0.1% | |||||||||||||||||
| 750,000 | †,g,q | Finance Authority of Maine | 5.375 | 12/15/33 | 412,500 | ||||||||||||
| TOTAL MAINE | 412,500 | ||||||||||||||||
| 303 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| MARYLAND - 0.8% | |||||||||||||||||
| $ | 2,000,000 | County of Baltimore MD | 4.000 | % | 01/01/29 | $ | 2,362,355 | ||||||||||
| TOTAL MARYLAND | 2,362,355 | ||||||||||||||||
| MASSACHUSETTS - 1.2% | |||||||||||||||||
| 500,000 | Massachusetts Development Finance Agency | 5.000 | 12/01/29 | 601,867 | |||||||||||||
| 2,100,000 | University of Massachusetts Building Authority | 5.000 | 11/01/29 | 2,747,213 | |||||||||||||
| TOTAL MASSACHUSETTS | 3,349,080 | ||||||||||||||||
| MICHIGAN - 4.0% | |||||||||||||||||
| 500,000 | Charlotte Public School District | 4.000 | 05/01/36 | 610,181 | |||||||||||||
| 2,000,000 | Michigan Finance Authority | 5.000 | 04/01/25 | 2,306,221 | |||||||||||||
| 2,000,000 | Michigan Finance Authority | 5.000 | 11/15/28 | 2,409,140 | |||||||||||||
| 1,650,000 | Michigan Finance Authority | 5.000 | 07/01/44 | 1,709,545 | |||||||||||||
| 1,750,000 | State of Michigan Trunk Line Revenue | 5.000 | 11/15/30 | 2,334,897 | |||||||||||||
| 385,000 | Wayne County Airport Authority | 5.000 | 12/01/29 | 487,358 | |||||||||||||
| 1,250,000 | Wayne County Airport Authority | 5.000 | 12/01/29 | 1,562,823 | |||||||||||||
| TOTAL MICHIGAN | 11,420,165 | ||||||||||||||||
| MINNESOTA - 0.9% | |||||||||||||||||
| 1,055,000 | City of Minneapolis MN | 5.000 | 11/15/33 | 1,309,068 | |||||||||||||
| 70,000 | Duluth Economic Development Authority | 5.000 | 02/15/33 | 84,704 | |||||||||||||
| 500,000 | Northern Municipal Power Agency | 5.000 | 01/01/26 | 587,962 | |||||||||||||
| 500,000 | Northern Municipal Power Agency | 5.000 | 01/01/28 | 585,221 | |||||||||||||
| TOTAL MINNESOTA | 2,566,955 | ||||||||||||||||
| MISSISSIPPI - 1.3% | |||||||||||||||||
| 1,045,000 | Mississippi Development Bank | 5.000 | 03/01/26 | 1,237,279 | |||||||||||||
| 1,000,000 | Mississippi Development Bank | 5.000 | 06/01/27 | 1,231,602 | |||||||||||||
| 1,000,000 | Mississippi Development Bank | 5.000 | 03/01/35 | 1,167,980 | |||||||||||||
| TOTAL MISSISSIPPI | 3,636,861 | ||||||||||||||||
| MISSOURI - 2.0% | |||||||||||||||||
| 1,225,000 | City of Kansas City MO | 5.000 | 10/01/26 | 1,435,146 | |||||||||||||
| 1,000,000 | City of St. Louis MO Parking Revenue | 5.000 | 12/15/26 | 1,178,012 | |||||||||||||
| 900,000 | Health & Educational Facilities Authority of the State of Missouri | 5.000 | 02/15/28 | 1,115,295 | |||||||||||||
| 1,745,000 | St. Louis Municipal Finance Corp | 5.000 | 02/15/26 | 2,059,217 | |||||||||||||
| TOTAL MISSOURI | 5,787,670 | ||||||||||||||||
| NEBRASKA - 0.1% | |||||||||||||||||
| 250,000 | Omaha Airport Authority | 5.000 | 12/15/22 | 264,289 | |||||||||||||
| TOTAL NEBRASKA | 264,289 | ||||||||||||||||
| 304 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| NEVADA - 0.4% | |||||||||||||||||
| $ | 1,000,000 | Las Vegas Redevelopment Agency | 5.000 | % | 06/15/26 | $ | 1,181,590 | ||||||||||
| TOTAL NEVADA | 1,181,590 | ||||||||||||||||
| NEW HAMPSHIRE - 0.1% | |||||||||||||||||
| 130,000 | New Hampshire Business Finance Authority | 5.000 | 04/01/31 | 163,523 | |||||||||||||
| TOTAL NEW HAMPSHIRE | 163,523 | ||||||||||||||||
| NEW JERSEY - 6.0% | |||||||||||||||||
| 350,000 | Gloucester County Improvement Authority | 5.000 | 07/01/34 | 450,800 | |||||||||||||
| 1,000,000 | New Jersey Economic Development Authority | 5.000 | 06/15/27 | 1,222,580 | |||||||||||||
| 2,500,000 | New Jersey Economic Development Authority | 5.000 | 11/01/35 | 3,129,437 | |||||||||||||
| 1,000,000 | New Jersey Educational Facilities Authority | 5.000 | 07/01/27 | 1,191,098 | |||||||||||||
| 1,000,000 | New Jersey Transportation Trust Fund Authority | 5.000 | 06/15/29 | 1,179,384 | |||||||||||||
| 765,000 | New Jersey Transportation Trust Fund Authority | 5.000 | 12/15/33 | 948,360 | |||||||||||||
| 1,120,000 | New Jersey Transportation Trust Fund Authority | 4.000 | 06/15/34 | 1,331,633 | |||||||||||||
| 4,000,000 | New Jersey Transportation Trust Fund Authority | 5.000 | 06/15/34 | 4,954,072 | |||||||||||||
| 1,000,000 | New Jersey Transportation Trust Fund Authority | 4.000 | 06/15/36 | 1,175,947 | |||||||||||||
| 1,025,000 | New Jersey Transportation Trust Fund Authority | 4.000 | 06/15/39 | 1,174,690 | |||||||||||||
| 500,000 | South Jersey Port Corp | 5.000 | 01/01/48 | 587,445 | |||||||||||||
| TOTAL NEW JERSEY | 17,345,446 | ||||||||||||||||
| NEW YORK - 6.1% | |||||||||||||||||
| 1,000,000 | Brooklyn Arena Local Development Corp | 5.000 | 07/15/26 | 1,192,963 | |||||||||||||
| 1,250,000 | Metropolitan Transportation Authority | 5.000 | 11/15/50 | 1,496,145 | |||||||||||||
| 160,000 | New York City Industrial Development Agency | 3.000 | 01/01/46 | 167,673 | |||||||||||||
| 1,750,000 | New York State Dormitory Authority | 5.000 | 07/01/33 | 2,154,278 | |||||||||||||
| 1,000,000 | New York State Urban Development Corp | 5.000 | 03/15/35 | 1,289,326 | |||||||||||||
| 375,000 | New York Transportation Development Corp | 5.000 | 07/01/30 | 418,534 | |||||||||||||
| 1,080,000 | New York Transportation Development Corp | 4.000 | 10/01/30 | 1,260,819 | |||||||||||||
| 1,000,000 | New York Transportation Development Corp | 5.000 | 08/01/31 | 1,001,994 | |||||||||||||
| 715,000 | New York Transportation Development Corp | 5.000 | 01/01/36 | 853,993 | |||||||||||||
| 635,000 | New York Transportation Development Corp | 5.000 | 12/01/36 | 795,589 | |||||||||||||
| 505,000 | New York Transportation Development Corp | 5.000 | 12/01/36 | 634,639 | |||||||||||||
| 1,500,000 | Port Authority of New York & New Jersey | 5.000 | 07/15/31 | 1,931,646 | |||||||||||||
| 1,000,000 | Port Authority of New York & New Jersey | 4.000 | 11/01/34 | 1,177,044 | |||||||||||||
| 1,000,000 | Port Authority of New York & New Jersey | 5.000 | 11/01/35 | 1,251,108 | |||||||||||||
| 1,625,000 | Port Authority of New York & New Jersey | 4.000 | 07/15/36 | 1,918,953 | |||||||||||||
| TOTAL NEW YORK | 17,544,704 | ||||||||||||||||
| NORTH CAROLINA - 2.1% | |||||||||||||||||
| 1,355,000 | County of Duplin NC | 5.000 | 04/01/27 | 1,595,679 | |||||||||||||
| 1,000,000 | North Carolina Capital Facilities Finance Agency | 5.000 | 05/01/31 | 1,291,644 | |||||||||||||
| 1,000,000 | North Carolina Medical Care Commission | 5.000 | 12/01/26 | 1,202,058 | |||||||||||||
| 210,000 | North Carolina Medical Care Commission | 4.000 | 02/01/36 | 252,319 | |||||||||||||
| 255,000 | North Carolina Medical Care Commission | 3.000 | 07/01/36 | 271,119 | |||||||||||||
| 200,000 | North Carolina Turnpike Authority | 5.000 | 01/01/22 | 202,280 | |||||||||||||
| 305 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | The Charlotte-Mecklenburg Hospital Authority | 5.000 | % | 01/15/26 | $ | 1,183,743 | ||||||||||
| TOTAL NORTH CAROLINA | 5,998,842 | ||||||||||||||||
| NORTH DAKOTA - 0.4% | |||||||||||||||||
| 1,000,000 | North Dakota Housing Finance Agency | 2.400 | 01/01/26 | 1,052,204 | |||||||||||||
| TOTAL NORTH DAKOTA | 1,052,204 | ||||||||||||||||
| OHIO - 2.8% | |||||||||||||||||
| 1,000,000 | American Municipal Power, Inc | 5.000 | 02/15/34 | 1,240,841 | |||||||||||||
| 1,000,000 | City of Cleveland OH Airport System Revenue | 5.000 | 01/01/27 | 1,209,121 | |||||||||||||
| 200,000 | City of Cleveland OH Income Tax Revenue | 5.000 | 10/01/27 | 248,099 | |||||||||||||
| 250,000 | City of Cleveland OH Income Tax Revenue | 5.000 | 10/01/28 | 312,812 | |||||||||||||
| 240,000 | City of Toledo OH | 4.000 | 12/01/29 | 282,826 | |||||||||||||
| 250,000 | City of Toledo OH | 4.000 | 12/01/30 | 295,566 | |||||||||||||
| 200,000 | City of Toledo OH | 4.000 | 12/01/31 | 235,582 | |||||||||||||
| 1,500,000 | County of Miami OH | 5.000 | 08/01/32 | 1,870,262 | |||||||||||||
| 725,000 | County of Montgomery OH | 5.000 | 08/01/36 | 942,954 | |||||||||||||
| 300,000 | Lebanon City School District | 3.000 | 12/01/36 | 329,776 | |||||||||||||
| 700,000 | Miami University | 5.000 | 09/01/28 | 886,249 | |||||||||||||
| 175,000 | State of Ohio | 5.000 | 01/15/35 | 220,290 | |||||||||||||
| TOTAL OHIO | 8,074,378 | ||||||||||||||||
| OKLAHOMA - 0.9% | |||||||||||||||||
| 750,000 | Oklahoma Development Finance Authority | 5.000 | 08/15/28 | 924,529 | |||||||||||||
| 1,500,000 | Oklahoma Development Finance Authority | 5.250 | 08/15/48 | 1,807,922 | |||||||||||||
| TOTAL OKLAHOMA | 2,732,451 | ||||||||||||||||
| OREGON - 0.8% | |||||||||||||||||
| 3,000,000 | †,g,q | Oregon State Business Development Commission | 6.500 | 04/01/31 | 645,000 | ||||||||||||
| 1,000,000 | †,q | Oregon State Business Development Commission | 11.500 | 04/01/31 | 215,000 | ||||||||||||
| 625,000 | †,g | Oregon State Business Development Commission | 0.000 | 04/01/37 | 134,444 | ||||||||||||
| 1,000,000 | Tri-County Metropolitan Transportation District of Oregon | 5.000 | 10/01/28 | 1,237,069 | |||||||||||||
| TOTAL OREGON | 2,231,513 | ||||||||||||||||
| PENNSYLVANIA - 3.4% | |||||||||||||||||
| 1,100,000 | Allegheny County Higher Education Building Authority | 5.000 | 03/01/29 | 1,288,209 | |||||||||||||
| 480,000 | Borough of Columbia PA | 4.000 | 06/15/38 | 492,941 | |||||||||||||
| 1,000,000 | City of Philadelphia PA | 5.000 | 08/01/26 | 1,203,807 | |||||||||||||
| 740,000 | Coatesville School District | 5.000 | 08/01/25 | 861,848 | |||||||||||||
| 500,000 | Lancaster County Career & Technology Center Authority | 4.000 | 02/01/25 | 556,049 | |||||||||||||
| 500,000 | Lancaster County Career & Technology Center Authority | 4.000 | 02/01/26 | 569,086 | |||||||||||||
| 670,000 | Lancaster County Career & Technology Center Authority | 4.000 | 02/01/30 | 780,552 | |||||||||||||
| 306 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 500,000 | Pennsylvania Economic Development Financing Authority | 5.000 | % | 10/15/34 | $ | 658,144 | ||||||||||
| 415,000 | Pittsburgh Water & Sewer Authority | 5.000 | 09/01/27 | 512,419 | |||||||||||||
| 1,500,000 | School District of the City of Erie | 5.000 | 04/01/28 | 1,851,497 | |||||||||||||
| 915,000 | Township of Northampton PA | 4.000 | 05/15/33 | 1,030,290 | |||||||||||||
| TOTAL PENNSYLVANIA | 9,804,842 | ||||||||||||||||
| RHODE ISLAND - 0.3% | |||||||||||||||||
| 825,000 | Rhode Island Commerce Corp | 5.000 | 06/15/27 | 1,012,405 | |||||||||||||
| TOTAL RHODE ISLAND | 1,012,405 | ||||||||||||||||
| SOUTH CAROLINA - 0.9% | |||||||||||||||||
| 265,000 | City of Rock Hill SC Combined Utility System Revenue | 5.000 | 01/01/27 | 320,266 | |||||||||||||
| 170,000 | City of Rock Hill SC Combined Utility System Revenue | 5.000 | 01/01/28 | 210,438 | |||||||||||||
| 265,000 | City of Rock Hill SC Combined Utility System Revenue | 5.000 | 01/01/29 | 335,229 | |||||||||||||
| 500,000 | South Carolina Public Service Authority | 4.000 | 12/01/37 | 590,242 | |||||||||||||
| 890,000 | South Carolina Public Service Authority | 4.000 | 12/01/40 | 1,040,306 | |||||||||||||
| TOTAL SOUTH CAROLINA | 2,496,481 | ||||||||||||||||
| TENNESSEE - 1.3% | |||||||||||||||||
| 2,305,000 | Metropolitan Nashville Airport Authority | 5.000 | 07/01/35 | 2,900,223 | |||||||||||||
| 755,000 | Tennessee Energy Acquisition Corp | 4.000 | 11/01/49 | 846,144 | |||||||||||||
| TOTAL TENNESSEE | 3,746,367 | ||||||||||||||||
| TEXAS - 9.5% | |||||||||||||||||
| 350,000 | Atascosa County Industrial Development Corp | 5.000 | 12/15/28 | 414,454 | |||||||||||||
| 350,000 | Atascosa County Industrial Development Corp | 5.000 | 12/15/29 | 418,541 | |||||||||||||
| 400,000 | Atascosa County Industrial Development Corp | 5.000 | 12/15/30 | 482,236 | |||||||||||||
| 1,100,000 | Central Texas Regional Mobility Authority | 5.000 | 01/01/27 | 1,330,033 | |||||||||||||
| 1,210,000 | Central Texas Regional Mobility Authority | 5.000 | 01/01/29 | 1,494,550 | |||||||||||||
| 750,000 | Central Texas Regional Mobility Authority | 4.000 | 01/01/36 | 867,233 | |||||||||||||
| 400,000 | City of Austin TX Airport System Revenue | 5.000 | 11/15/27 | 482,741 | |||||||||||||
| 900,000 | City of Austin TX Airport System Revenue | 5.000 | 11/15/39 | 1,014,268 | |||||||||||||
| 1,000,000 | City of El Paso TX | 4.000 | 08/15/35 | 1,182,538 | |||||||||||||
| 2,000,000 | City of El Paso TX Airport Revenue | 5.000 | 08/15/28 | 2,502,508 | |||||||||||||
| 1,970,000 | City of Houston TX | 5.000 | 03/01/32 | 2,370,974 | |||||||||||||
| 3,000,000 | City of Houston TX Combined Utility System Revenue | 5.000 | 11/15/29 | 3,911,345 | |||||||||||||
| 500,000 | County of Galveston TX | 4.000 | 02/01/38 | 563,974 | |||||||||||||
| 550,000 | Dallas County Utility & Reclamation District | 5.000 | 02/15/26 | 645,933 | |||||||||||||
| 150,000 | Harris County Toll Road Authority | 4.000 | 08/15/36 | 180,484 | |||||||||||||
| 1,000,000 | North Texas Tollway Authority | 5.000 | 01/01/30 | 1,230,361 | |||||||||||||
| 420,000 | Port Freeport TX | 5.000 | 06/01/28 | 517,805 | |||||||||||||
| 825,000 | Port Freeport TX | 5.000 | 06/01/29 | 1,010,308 | |||||||||||||
| 865,000 | Port Freeport TX | 5.000 | 06/01/30 | 1,047,167 | |||||||||||||
| 935,000 | Port Freeport TX | 5.000 | 06/01/32 | 1,130,258 | |||||||||||||
| 2,500,000 | Texas Private Activity Bond Surface Transportation Corp | 5.000 | 12/31/35 | 3,127,525 | |||||||||||||
| 307 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,000,000 | University of North Texas | 5.000 | % | 04/15/27 | $ | 1,225,746 | ||||||||||
| TOTAL TEXAS | 27,150,982 | ||||||||||||||||
| UTAH - 1.0% | |||||||||||||||||
| 475,000 | Salt Lake City Corp Airport Revenue | 5.000 | 07/01/31 | 583,997 | |||||||||||||
| 1,000,000 | Salt Lake City Corp Airport Revenue | 5.000 | 07/01/32 | 1,224,616 | |||||||||||||
| 1,000,000 | Salt Lake City Corp Airport Revenue | 5.000 | 07/01/33 | 1,221,403 | |||||||||||||
| TOTAL UTAH | 3,030,016 | ||||||||||||||||
| VIRGIN ISLANDS - 1.8% | |||||||||||||||||
| 2,000,000 | g | Virgin Islands Public Finance Authority | 5.000 | 09/01/25 | 2,278,770 | ||||||||||||
| 2,500,000 | g | Virgin Islands Public Finance Authority | 5.000 | 09/01/33 | 2,822,965 | ||||||||||||
| TOTAL VIRGIN ISLANDS | 5,101,735 | ||||||||||||||||
| WASHINGTON - 0.6% | |||||||||||||||||
| 500,000 | Klickitat County Public Utility District No | 5.000 | 12/01/27 | 621,113 | |||||||||||||
| 1,000,000 | Pend Oreille County Public Utility District No Box Canyon | 5.000 | 01/01/29 | 1,204,343 | |||||||||||||
| TOTAL WASHINGTON | 1,825,456 | ||||||||||||||||
| WEST VIRGINIA - 1.3% | |||||||||||||||||
| 1,000,000 | West Virginia Higher Education Policy Commission | 5.000 | 07/01/27 | 1,232,293 | |||||||||||||
| 750,000 | West Virginia Hospital Finance Authority | 5.000 | 01/01/29 | 938,125 | |||||||||||||
| 1,215,000 | West Virginia Hospital Finance Authority | 5.000 | 01/01/30 | 1,511,154 | |||||||||||||
| TOTAL WEST VIRGINIA | 3,681,572 | ||||||||||||||||
| TOTAL LONG-TERM MUNICIPAL BONDS | 278,908,412 | ||||||||||||||||
| (Cost $265,769,751) | |||||||||||||||||
| TOTAL INVESTMENTS - 97.2% | 278,908,412 | ||||||||||||||||
| (Cost $265,769,751) | |||||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - 2.8% | 7,893,548 | ||||||||||||||||
| NET ASSETS - 100.0% | $ | 286,801,960 | |||||||||||||||
| Abbreviation(s): | ||||
| GO | General Obligation | |||
| † | Security is categorized as Level 3 in the fair value hierarchy. | |||
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/2021, the aggregate value of these securities is $7,392,026 or 2.6% of net assets. | |||
| q | In default | |||
| 308 |
TIAA-CREF FUNDS – Green Bond Fund
TIAA-CREF FUNDS
GREEN BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
September 30, 2021
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| BANK LOAN OBLIGATIONS - 1.8% | |||||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.9% | |||||||||||||||||
| $ | 500,000 | i | LTR Intermediate Holdings, Inc | LIBOR 1 M + 4.500% | 5.500 | % | 05/05/28 | $ | 498,750 | ||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 498,750 | ||||||||||||||||
| UTILITIES - 0.9% | |||||||||||||||||
| 488,748 | i | Exgen Renewables IV LLC | LIBOR 3 M + 2.500% | 3.500 | 12/15/27 | 488,137 | |||||||||||
| TOTAL UTILITIES | 488,137 | ||||||||||||||||
| TOTAL BANK LOAN OBLIGATIONS | 986,887 | ||||||||||||||||
| (Cost $981,541) | |||||||||||||||||
| BONDS - 95.3% | |||||||||||||||||
| CORPORATE BONDS - 47.5% | |||||||||||||||||
| AUTOMOBILES & COMPONENTS - 2.1% | |||||||||||||||||
| 250,000 | Dana, Inc | 4.250 | 09/01/30 | 257,113 | |||||||||||||
| 550,000 | g | Denso Corp | 1.239 | 09/16/26 | 545,994 | ||||||||||||
| 350,000 | g | Hyundai Capital Services, Inc | 1.250 | 02/08/26 | 344,612 | ||||||||||||
| TOTAL AUTOMOBILES & COMPONENTS | 1,147,719 | ||||||||||||||||
| BANKS - 5.7% | |||||||||||||||||
| 250,000 | Bank of America Corp | 0.981 | 09/25/25 | 250,345 | |||||||||||||
| 475,000 | Bank of America Corp | 2.456 | 10/22/25 | 496,152 | |||||||||||||
| 500,000 | Citigroup, Inc | 1.678 | 05/15/24 | 509,726 | |||||||||||||
| 250,000 | Citigroup, Inc | 0.776 | 10/30/24 | 250,958 | |||||||||||||
| 250,000 | First Abu Dhabi Bank PJSC | 3.000 | 03/30/22 | 252,971 | |||||||||||||
| 450,000 | g | ING Groep NV | 1.400 | 07/01/26 | 451,147 | ||||||||||||
| 250,000 | g | Itau Unibanco Holding S.A. | 3.875 | 04/15/31 | 242,377 | ||||||||||||
| 250,000 | NatWest Group plc | 2.359 | 05/22/24 | 256,533 | |||||||||||||
| 200,000 | g | Shinhan Financial Group Co Ltd | 3.340 | 02/05/30 | 208,039 | ||||||||||||
| 250,000 | g | United Overseas Bank Ltd | 2.000 | 10/14/31 | 249,968 | ||||||||||||
| TOTAL BANKS | 3,168,216 | ||||||||||||||||
| CAPITAL GOODS - 1.1% | |||||||||||||||||
| 250,000 | Johnson Controls International plc | 1.750 | 09/15/30 | 242,656 | |||||||||||||
| 225,000 | Xylem, Inc | 1.950 | 01/30/28 | 226,371 | |||||||||||||
| 150,000 | Xylem, Inc | 2.250 | 01/30/31 | 150,119 | |||||||||||||
| TOTAL CAPITAL GOODS | 619,146 | ||||||||||||||||
| CONSUMER DURABLES & APPAREL - 0.4% | |||||||||||||||||
| 250,000 | Whirlpool Corp | 2.400 | 05/15/31 | 249,954 | |||||||||||||
| TOTAL CONSUMER DURABLES & APPAREL | 249,954 | ||||||||||||||||
| 309 |
TIAA-CREF FUNDS – Green Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| CONSUMER SERVICES - 1.8% | |||||||||||||||||
| $ | 250,000 | Conservation Fund | 3.474 | % | 12/15/29 | $ | 263,883 | ||||||||||
| 260,000 | i | Nature Conservancy | LIBOR 3 M + 1.080% | 1.206 | 02/01/24 | 261,210 | |||||||||||
| 500,000 | Nature Conservancy | 1.511 | 07/01/29 | 486,231 | |||||||||||||
| TOTAL CONSUMER SERVICES | 1,011,324 | ||||||||||||||||
| DIVERSIFIED FINANCIALS - 0.2% | |||||||||||||||||
| 125,000 | g | Starwood Property Trust, Inc | 5.500 | 11/01/23 | 131,123 | ||||||||||||
| TOTAL DIVERSIFIED FINANCIALS | 131,123 | ||||||||||||||||
| ENERGY - 1.0% | |||||||||||||||||
| 250,000 | g | Renewable Energy Group, Inc | 5.875 | 06/01/28 | 258,438 | ||||||||||||
| 270,000 | g | Sunnova Energy Corp | 5.875 | 09/01/26 | 275,062 | ||||||||||||
| TOTAL ENERGY | 533,500 | ||||||||||||||||
| FOOD & STAPLES RETAILING - 0.5% | |||||||||||||||||
| 250,000 | SYSCO Corp | 2.400 | 02/15/30 | 253,751 | |||||||||||||
| TOTAL FOOD & STAPLES RETAILING | 253,751 | ||||||||||||||||
| FOOD, BEVERAGE & TOBACCO - 1.0% | |||||||||||||||||
| 250,000 | g | NBM US Holdings, Inc | 6.625 | 08/06/29 | 274,502 | ||||||||||||
| 250,000 | PepsiCo, Inc | 2.875 | 10/15/49 | 254,664 | |||||||||||||
| TOTAL FOOD, BEVERAGE & TOBACCO | 529,166 | ||||||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES - 0.5% | |||||||||||||||||
| 250,000 | Stanford Health Care | 3.027 | 08/15/51 | 259,017 | |||||||||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES | 259,017 | ||||||||||||||||
| MATERIALS - 2.5% | |||||||||||||||||
| 250,000 | g | Celulosa Arauco y Constitucion S.A. | 5.150 | 01/29/50 | 283,127 | ||||||||||||
| 525,000 | g | Inversiones CMPC S.A. | 4.375 | 04/04/27 | 579,338 | ||||||||||||
| 500,000 | g | LG Chem Ltd | 3.625 | 04/15/29 | 547,562 | ||||||||||||
| TOTAL MATERIALS | 1,410,027 | ||||||||||||||||
| MEDIA & ENTERTAINMENT - 0.5% | |||||||||||||||||
| 260,000 | Smithsonian Institution | 2.645 | 09/01/39 | 263,111 | |||||||||||||
| TOTAL MEDIA & ENTERTAINMENT | 263,111 | ||||||||||||||||
| REAL ESTATE - 4.3% | |||||||||||||||||
| 250,000 | Equinix, Inc | 1.000 | 09/15/25 | 246,566 | |||||||||||||
| 300,000 | Federal Realty Investment Trust | 1.250 | 02/15/26 | 297,426 | |||||||||||||
| 250,000 | g | HAT Holdings I LLC | 6.000 | 04/15/25 | 261,250 | ||||||||||||
| 250,000 | g | HAT Holdings I LLC | 3.375 | 06/15/26 | 253,750 | ||||||||||||
| 250,000 | g | HAT Holdings I LLC | 3.750 | 09/15/30 | 252,500 | ||||||||||||
| 250,000 | Kilroy Realty LP | 2.500 | 11/15/32 | 246,148 | |||||||||||||
| 250,000 | UDR, Inc | 1.900 | 03/15/33 | 232,178 | |||||||||||||
| 275,000 | Vornado Realty LP | 2.150 | 06/01/26 | 279,312 | |||||||||||||
| 275,000 | Vornado Realty LP | 3.400 | 06/01/31 | 284,569 | |||||||||||||
| TOTAL REAL ESTATE | 2,353,699 | ||||||||||||||||
| RETAILING - 1.0% | |||||||||||||||||
| 575,000 | Walmart, Inc | 1.800 | 09/22/31 | 570,061 | |||||||||||||
| TOTAL RETAILING | 570,061 | ||||||||||||||||
| 310 |
TIAA-CREF FUNDS – Green Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.0% | |||||||||||||||||
| $ | 250,000 | g | NXP BV | 3.400 | % | 05/01/30 | $ | 271,364 | |||||||||
| 275,000 | g | SK Hynix, Inc | 2.375 | 01/19/31 | 266,921 | ||||||||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 538,285 | ||||||||||||||||
| SOFTWARE & SERVICES - 0.5% | |||||||||||||||||
| 300,000 | Mastercard, Inc | 1.900 | 03/15/31 | 301,016 | |||||||||||||
| TOTAL SOFTWARE & SERVICES | 301,016 | ||||||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 2.0% | |||||||||||||||||
| 500,000 | Apple, Inc | 3.000 | 06/20/27 | 547,372 | |||||||||||||
| 250,000 | g | HP, Inc | 2.650 | 06/17/31 | 247,524 | ||||||||||||
| 300,000 | g | New York State Electric & Gas Corp | 2.150 | 10/01/31 | 295,991 | ||||||||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 1,090,887 | ||||||||||||||||
| UTILITIES - 21.5% | |||||||||||||||||
| 300,000 | AES Corp | 1.375 | 01/15/26 | 296,062 | |||||||||||||
| 350,000 | AES Corp | 2.450 | 01/15/31 | 345,185 | |||||||||||||
| 250,000 | g | AES Gener S.A. | 6.350 | 10/07/79 | 264,442 | ||||||||||||
| 270,000 | g | Atlantica Sustainable Infrastructure plc | 4.125 | 06/15/28 | 279,045 | ||||||||||||
| 600,000 | Avangrid, Inc | 3.200 | 04/15/25 | 639,017 | |||||||||||||
| 300,000 | g | Clearway Energy Operating LLC | 4.750 | 03/15/28 | 317,580 | ||||||||||||
| 225,000 | g | Clearway Energy Operating LLC | 3.750 | 02/15/31 | 225,562 | ||||||||||||
| 215,000 | g | Consorcio Transmantaro SA | 4.700 | 04/16/34 | 238,381 | ||||||||||||
| 248,125 | g | Continuum Energy Levanter Pte Ltd | 4.500 | 02/09/27 | 256,809 | ||||||||||||
| 250,000 | Dominion Energy, Inc | 2.250 | 08/15/31 | 249,213 | |||||||||||||
| 500,000 | Duke Energy Florida LLC | 2.500 | 12/01/29 | 517,141 | |||||||||||||
| 250,000 | g | EDP Finance BV | 1.710 | 01/24/28 | 245,691 | ||||||||||||
| 250,000 | g | Electricite de France S.A. | 3.625 | 10/13/25 | 271,766 | ||||||||||||
| 250,000 | Evergy, Inc | 2.550 | 07/01/26 | 262,769 | |||||||||||||
| 500,000 | Georgia Power Co | 3.250 | 04/01/26 | 535,941 | |||||||||||||
| 250,000 | g | Hanwha Energy USA Holdings Corp | 2.375 | 07/30/22 | 253,478 | ||||||||||||
| 300,000 | g | India Cleantech Energy | 4.700 | 08/10/26 | 303,597 | ||||||||||||
| 500,000 | g | Liberty Utilities Finance GP | 2.050 | 09/15/30 | 483,768 | ||||||||||||
| 250,000 | MidAmerican Energy Co | 3.100 | 05/01/27 | 271,844 | |||||||||||||
| 600,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 673,196 | |||||||||||||
| 550,000 | g | Niagara Mohawk Power Corp | 1.960 | 06/27/30 | 534,141 | ||||||||||||
| 250,000 | NorthWestern Corp | 4.176 | 11/15/44 | 288,161 | |||||||||||||
| 500,000 | PacifiCorp | 2.900 | 06/15/52 | 486,572 | |||||||||||||
| 100,000 | g | Pattern Energy Operations LP | 4.500 | 08/15/28 | 104,250 | ||||||||||||
| 529,000 | Public Service Co of Colorado | 3.700 | 06/15/28 | 588,829 | |||||||||||||
| 250,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 264,946 | |||||||||||||
| 350,000 | San Diego Gas & Electric Co | 2.950 | 08/15/51 | 346,850 | |||||||||||||
| 229,000 | Southern Power Co | 2.500 | 12/15/21 | 229,575 | |||||||||||||
| 500,000 | Southwestern Public Service Co | 3.150 | 05/01/50 | 523,913 | |||||||||||||
| 221,675 | g | Star Energy Geothermal Wayang Windu Ltd | 6.750 | 04/24/33 | 253,818 | ||||||||||||
| 343,740 | g | Topaz Solar Farms LLC | 4.875 | 09/30/39 | 370,564 | ||||||||||||
| 275,000 | Tucson Electric Power Co | 1.500 | 08/01/30 | 260,160 | |||||||||||||
| 197,194 | g | UEP Penonome II S.A. | 6.500 | 10/01/38 | 205,577 | ||||||||||||
| 500,000 | Union Electric Co | 2.625 | 03/15/51 | 473,807 | |||||||||||||
| TOTAL UTILITIES | 11,861,650 | ||||||||||||||||
| TOTAL CORPORATE BONDS | 26,291,652 | ||||||||||||||||
| (Cost $25,582,837) | |||||||||||||||||
| 311 |
TIAA-CREF FUNDS – Green Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| GOVERNMENT BONDS - 27.5% | |||||||||||||||||
| AGENCY SECURITIES - 2.2% | |||||||||||||||||
| $ | 231,987 | Overseas Private Investment Corp (OPIC) | 1.790 | % | 10/15/29 | $ | 238,879 | ||||||||||
| 231,987 | OPIC | 2.360 | 10/15/29 | 244,530 | |||||||||||||
| 250,000 | United States International Development Finance Corp | 1.650 | 04/15/28 | 254,714 | |||||||||||||
| 231,987 | United States International Development Finance Corp | 1.050 | 10/15/29 | 231,641 | |||||||||||||
| 250,000 | United States International Development Finance Corp | 1.630 | 07/15/38 | 249,212 | |||||||||||||
| TOTAL AGENCY SECURITIES | 1,218,976 | ||||||||||||||||
| FOREIGN GOVERNMENT BONDS - 14.2% | |||||||||||||||||
| 625,000 | African Development Bank | 3.000 | 12/06/21 | 628,106 | |||||||||||||
| 300,000 | g | Arab Petroleum Investments Corp | 1.483 | 10/06/26 | 300,105 | ||||||||||||
| 500,000 | Asian Development Bank | 1.875 | 08/10/22 | 507,430 | |||||||||||||
| 579,000 | Asian Development Bank | 1.750 | 08/14/26 | 598,437 | |||||||||||||
| 750,000 | Asian Development Bank | 3.125 | 09/26/28 | 840,891 | |||||||||||||
| 250,000 | g | CDP Financial, Inc | 1.000 | 05/26/26 | 249,469 | ||||||||||||
| 250,000 | Chile Government International Bond | 3.500 | 01/25/50 | 249,625 | |||||||||||||
| 200,000 | g | Egypt Government International Bond | 5.250 | 10/06/25 | 204,205 | ||||||||||||
| 250,000 | European Bank for Reconstruction & Development | 1.625 | 09/27/24 | 257,627 | |||||||||||||
| 250,000 | European Investment Bank | 0.625 | 10/21/27 | 241,573 | |||||||||||||
| 250,000 | European Investment Bank | 1.625 | 10/09/29 | 253,872 | |||||||||||||
| 1,500,000 | European Investment Bank | 0.750 | 09/23/30 | 1,404,360 | |||||||||||||
| 500,000 | International Bank for Reconstruction & Development | 2.125 | 03/03/25 | 523,999 | |||||||||||||
| 500,000 | International Bank for Reconstruction & Development | 3.125 | 11/20/25 | 547,366 | |||||||||||||
| 235,000 | g | Korea Electric Power Corp | 1.125 | 06/15/25 | 233,738 | ||||||||||||
| 250,000 | North American Development Bank | 2.400 | 10/26/22 | 255,104 | |||||||||||||
| 300,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.750 | 03/01/23 | 312,876 | ||||||||||||
| 250,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 270,037 | ||||||||||||
| TOTAL FOREIGN GOVERNMENT BONDS | 7,878,820 | ||||||||||||||||
| MORTGAGE BACKED - 0.9% | |||||||||||||||||
| 250,000 | i | Federal National Mortgage Association (FNMA) | 1.561 | 11/25/30 | 247,074 | ||||||||||||
| 250,000 | i | FNMA | 1.250 | 01/25/31 | 241,471 | ||||||||||||
| TOTAL MORTGAGE BACKED | 488,545 | ||||||||||||||||
| MUNICIPAL BONDS - 10.2% | |||||||||||||||||
| 180,000 | g | California Municipal Finance Authority | 6.375 | 11/15/48 | 191,790 | ||||||||||||
| 300,000 | City of Cleveland OH Income Tax Revenue | 3.072 | 10/01/41 | 302,733 | |||||||||||||
| 600,000 | Grant County Public Utility District No 2 | 1.544 | 01/01/23 | 608,773 | |||||||||||||
| 250,000 | Grant County Public Utility District No 2 | 3.210 | 01/01/40 | 261,061 | |||||||||||||
| 235,000 | Great Lakes Water Authority Sewage Disposal System Revenue | 3.056 | 07/01/39 | 248,902 | |||||||||||||
| 100,000 | Klickitat County Public Utilities | 3.688 | 12/01/38 | 106,280 | |||||||||||||
| 500,000 | Metropolitan Transportation Authority | 5.175 | 11/15/49 | 682,407 | |||||||||||||
| 170,000 | Morris County Improvement Authority | 1.298 | 06/15/27 | 169,564 | |||||||||||||
| 210,000 | Mount Shasta Public Financing Authority | 3.000 | 08/01/35 | 227,091 | |||||||||||||
| 220,000 | Mount Shasta Public Financing Authority | 2.625 | 08/01/36 | 229,612 | |||||||||||||
| 120,000 | Mount Shasta Public Financing Authority | 2.625 | 08/01/37 | 124,888 | |||||||||||||
| 160,000 | Mount Shasta Public Financing Authority | 2.750 | 08/01/38 | 166,980 | |||||||||||||
| 312 |
TIAA-CREF FUNDS – Green Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 165,000 | Mount Shasta Public Financing Authority | 2.750 | % | 08/01/39 | $ | 171,782 | ||||||||||
| 65,000 | New York State Energy Research & Development Authority | 4.577 | 04/01/35 | 69,848 | |||||||||||||
| 105,000 | New York State Environmental Facilities Corp | 2.506 | 11/15/22 | 106,923 | |||||||||||||
| 125,000 | New York Transportation Development Corp | 1.360 | 12/01/21 | 125,180 | |||||||||||||
| 500,000 | g | Ohio Air Quality Development Authority | 4.500 | 01/15/48 | 578,533 | ||||||||||||
| 250,000 | g | Pennsylvania Economic Development Financing Authority | 10.000 | 12/01/29 | 252,791 | ||||||||||||
| 500,000 | i | State of California | LIBOR 1 M + 0.780% | 0.863 | 04/01/47 | 500,201 | |||||||||||
| 500,000 | g | Warm Springs Reservation Confederated Tribe | 2.800 | 11/01/22 | 506,325 | ||||||||||||
| TOTAL MUNICIPAL BONDS | 5,631,664 | ||||||||||||||||
| TOTAL GOVERNMENT BONDS | 15,218,005 | ||||||||||||||||
| (Cost $14,759,434) | |||||||||||||||||
| STRUCTURED ASSETS - 20.3% | |||||||||||||||||
| ASSET BACKED - 13.3% | |||||||||||||||||
| 250,000 | g,i | BFLD Trust | LIBOR 1 M + 2.100% | 2.184 | 10/15/35 | 251,551 | |||||||||||
| Series - 2020 EYP (Class C) | |||||||||||||||||
| 96,076 | g | GoodLeap Sustainable Home Solutions Trust | 2.100 | 05/20/48 | 95,683 | ||||||||||||
| Series - 2021 3CS (Class A) | |||||||||||||||||
| 350,000 | g | GoodLeap Sustainable Home Solutions Trust | 1.930 | 07/20/48 | 347,031 | ||||||||||||
| Series - 2021 4GS (Class A) | |||||||||||||||||
| 156,463 | g | HERO Funding Trust | 4.050 | 09/20/41 | 163,686 | ||||||||||||
| Series - 2016 1A (Class A) | |||||||||||||||||
| 244,577 | g | HERO Funding Trust | 3.910 | 09/20/42 | 252,228 | ||||||||||||
| Series - 2016 3A (Class A2) | |||||||||||||||||
| 145,452 | g | HERO Funding Trust | 4.290 | 09/20/47 | 150,146 | ||||||||||||
| Series - 2016 4A (Class A2) | |||||||||||||||||
| 67,314 | g | HERO Funding Trust | 4.460 | 09/20/47 | 71,719 | ||||||||||||
| Series - 2017 1A (Class A2) | |||||||||||||||||
| 159,061 | g | HERO Funding Trust | 3.190 | 09/20/48 | 165,214 | ||||||||||||
| Series - 2017 3A (Class A1) | |||||||||||||||||
| 320,508 | g | HERO Funding Trust | 3.950 | 09/20/48 | 338,321 | ||||||||||||
| Series - 2017 3A (Class A2) | |||||||||||||||||
| 177,204 | g | HERO Funding Trust | 2.720 | 09/20/57 | 180,250 | ||||||||||||
| Series - 2020 1A (Class A) | |||||||||||||||||
| 207,647 | g | Loanpal Solar Loan Ltd | 2.290 | 01/20/48 | 209,805 | ||||||||||||
| Series - 2021 1GS (Class A) | |||||||||||||||||
| 244,996 | †,g | Mosaic Solar Loan Trust | 0.000 | 04/20/46 | 207,021 | ||||||||||||
| Series - 2020 1A (Class R) | |||||||||||||||||
| 171,067 | g | Mosaic Solar Loan Trust | 2.100 | 04/20/46 | 173,255 | ||||||||||||
| Series - 2020 1A (Class A) | |||||||||||||||||
| 194,635 | g | Mosaic Solar Loan Trust | 1.440 | 08/20/46 | 191,831 | ||||||||||||
| Series - 2020 2A (Class A) | |||||||||||||||||
| 214,392 | g | Mosaic Solar Loan Trust | 2.050 | 12/20/46 | 214,478 | ||||||||||||
| Series - 2021 1A (Class B) | |||||||||||||||||
| 420,000 | g | Mosaic Solar Loan Trust | 1.440 | 06/20/52 | 411,050 | ||||||||||||
| Series - 2021 3A (Class A) | |||||||||||||||||
| 229,636 | g | Renew | 2.060 | 11/20/56 | 229,627 | ||||||||||||
| Series - 2021 1 (Class A) | |||||||||||||||||
| 59,105 | g | SolarCity LMC | 4.800 | 09/20/48 | 60,117 | ||||||||||||
| Series - 2016 A (Class A) | |||||||||||||||||
| 313 |
TIAA-CREF FUNDS – Green Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 234,292 | g | Sunrun Athena Issuer LLC | 5.310 | % | 04/30/49 | $ | 259,094 | |||||||||
| Series - 2018 1 (Class A) | |||||||||||||||||
| 477,701 | g | Sunrun Atlas Issuer LLC | 3.610 | 02/01/55 | 507,334 | ||||||||||||
| Series - 2019 2 (Class A) | |||||||||||||||||
| 410,547 | g | Sunrun Callisto Issuer LLC | 3.980 | 06/30/54 | 438,347 | ||||||||||||
| Series - 2019 1A (Class A) | |||||||||||||||||
| 243,965 | †,g | Sunrun Vulcan Issuer LLC | 2.460 | 01/30/52 | 246,750 | ||||||||||||
| Series - 2021 1A (Class A) | |||||||||||||||||
| 44,421 | g | Tesla Auto Lease Trust | 2.130 | 04/20/22 | 44,527 | ||||||||||||
| Series - 2019 A (Class A2) | |||||||||||||||||
| 250,000 | g | Tesla Auto Lease Trust | 2.160 | 10/20/22 | 252,190 | ||||||||||||
| Series - 2019 A (Class A3) | |||||||||||||||||
| 250,000 | g | Tesla Auto Lease Trust | 2.200 | 11/21/22 | 253,888 | ||||||||||||
| Series - 2019 A (Class A4) | |||||||||||||||||
| 250,000 | g | Tesla Auto Lease Trust | 0.780 | 12/20/23 | 251,461 | ||||||||||||
| Series - 2020 A (Class A4) | |||||||||||||||||
| 250,000 | g | Tesla Auto Lease Trust | 0.560 | 03/20/25 | 250,509 | ||||||||||||
| Series - 2021 A (Class A3) | |||||||||||||||||
| 300,000 | g | Tesla Auto Lease Trust | 0.600 | 09/22/25 | 299,437 | ||||||||||||
| Series - 2021 B (Class A3) | |||||||||||||||||
| 576,817 | g | Vivint Colar Financing V LLC | 7.370 | 04/30/48 | 610,129 | ||||||||||||
| Series - 2018 1A (Class B) | |||||||||||||||||
| 240,228 | g | Vivint Solar Financing VII LLC | 2.210 | 07/31/51 | 237,302 | ||||||||||||
| Series - 2020 1A (Class A) | |||||||||||||||||
| TOTAL ASSET BACKED | 7,363,981 | ||||||||||||||||
| OTHER MORTGAGE BACKED - 7.0% | |||||||||||||||||
| 250,000 | g,i | Alen Mortgage Trust | LIBOR 1 M + 1.650% | 1.734 | 04/15/34 | 250,401 | |||||||||||
| Series - 2021 ACEN (Class B) | |||||||||||||||||
| 100,000 | g | BBCMS Trust | 4.498 | 08/10/35 | 111,816 | ||||||||||||
| Series - 2015 SRCH (Class B) | |||||||||||||||||
| 500,000 | g | COMM Mortgage Trust | 3.178 | 02/10/35 | 530,314 | ||||||||||||
| Series - 2015 3BP (Class A) | |||||||||||||||||
| 500,000 | g | CPT Mortgage Trust | 2.865 | 11/13/39 | 527,059 | ||||||||||||
| Series - 2019 CPT (Class A) | |||||||||||||||||
| 170,461 | g | JP Morgan Chase Commercial Mortgage Securities Trust | 3.093 | 07/05/32 | 172,909 | ||||||||||||
| Series - 2012 HSBC (Class A) | |||||||||||||||||
| 500,000 | g,i | Manhattan West | 2.413 | 09/10/39 | 507,938 | ||||||||||||
| Series - 2020 1MW (Class B) | |||||||||||||||||
| 250,000 | g,i | Morgan Stanley Capital I Trust | 2.509 | 04/05/42 | 239,606 | ||||||||||||
| Series - 2020 CNP (Class C) | |||||||||||||||||
| 500,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 2.750% | 2.834 | 07/15/36 | 499,851 | |||||||||||
| Series - 2019 MILE (Class D) | |||||||||||||||||
| 250,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 4.250% | 4.334 | 07/15/36 | 248,463 | |||||||||||
| Series - 2019 MILE (Class F) | |||||||||||||||||
| 11,470,000 | g,i | NYC Commercial Mortgage Trust | 0.333 | 04/10/43 | 242,959 | ||||||||||||
| Series - 2021 909 (Class X) | |||||||||||||||||
| 500,000 | g | One Bryant Park Trust | 2.516 | 09/15/54 | 514,594 | ||||||||||||
| Series - 2019 OBP (Class A) | |||||||||||||||||
| TOTAL OTHER MORTGAGE BACKED | 3,845,910 | ||||||||||||||||
| TOTAL STRUCTURED ASSETS | 11,209,891 | ||||||||||||||||
| (Cost $10,969,629) | |||||||||||||||||
| TOTAL BONDS | 52,719,548 | ||||||||||||||||
| (Cost $51,311,900) | |||||||||||||||||
| 314 |
TIAA-CREF FUNDS – Green Bond Fund
| SHARES | COMPANY | RATE | MATURITY DATE | VALUE | |||||||||||||
| PREFERRED STOCKS - 2.6% | |||||||||||||||||
| REAL ESTATE - 0.9% | |||||||||||||||||
| 10,000 | Brookfield Property Partners LP | $ | 234,700 | ||||||||||||||
| 10,000 | Brookfield Property Partners LP | 252,400 | |||||||||||||||
| TOTAL REAL ESTATE | 487,100 | ||||||||||||||||
| UTILITIES - 1.7% | |||||||||||||||||
| 20,000 | Brookfield Infrastructure Partners LP | 511,000 | |||||||||||||||
| 16,000 | Brookfield Renewable Partners LP | 422,400 | |||||||||||||||
| TOTAL UTILITIES | 933,400 | ||||||||||||||||
| TOTAL PREFERRED STOCKS | 1,420,500 | ||||||||||||||||
| (Cost $1,400,000) | |||||||||||||||||
| PRINCIPAL | ISSUER | ||||||||||||||||
| SHORT-TERM INVESTMENTS - 0.2% | |||||||||||||||||
| REPURCHASE AGREEMENT - 0.2% | |||||||||||||||||
| $ | 110,000 | r | Fixed Income Clearing Corp (FICC) | 0.010% | 10/01/21 | 110,000 | |||||||||||
| TOTAL REPURCHASE AGREEMENT | 110,000 | ||||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | 110,000 | ||||||||||||||||
| (Cost $110,000) | |||||||||||||||||
| TOTAL INVESTMENTS - 99.9% | 55,236,935 | ||||||||||||||||
| (Cost $53,803,441) | |||||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - 0.1% | 43,906 | ||||||||||||||||
| NET ASSETS - 100.0% | $ | 55,280,841 | |||||||||||||||
| Abbreviation(s): | |||
| LIBOR | London Interbank Offered Rate | ||
| M | Month | ||
| † | Security is categorized as Level 3 in the fair value hierarchy. | ||
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities is $25,158,818 or 45.5% 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. | ||
| r | Agreement with Fixed Income Clearing Corp (FICC), 0.010% dated 9/30/21 to be repurchased at $110,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $112,246. | ||
| 315 |
TIAA-CREF FUNDS – High-Yield Fund
TIAA-CREF FUNDS
HIGH-YIELD FUND
SCHEDULE OF INVESTMENTS (unaudited)
September 30, 2021
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| BANK LOAN OBLIGATIONS - 13.7% | |||||||||||||||||
| AUTOMOBILES & COMPONENTS - 0.8% | |||||||||||||||||
| $ | 13,952,633 | i | Clarios Global LP | LIBOR 1 M + 3.250% | 3.334 | % | 04/30/26 | $ | 13,882,870 | ||||||||
| 9,238,293 | i | Gates Global LLC | LIBOR 1 M + 2.500% | 3.250 | 03/31/27 | 9,218,707 | |||||||||||
| 4,975,000 | i | Truck Hero, Inc | LIBOR 1 M + 3.250% | 4.000 | 01/31/28 | 4,961,518 | |||||||||||
| TOTAL AUTOMOBILES & COMPONENTS | 28,063,095 | ||||||||||||||||
| CAPITAL GOODS - 0.2% | |||||||||||||||||
| 12,791 | i | Vertiv Group Corp | LIBOR 1 M + 2.750% | 2.830 | 03/02/27 | 12,706 | |||||||||||
| 9,131,000 | i | White Cap Buyer LLC | LIBOR 1 M + 4.000% | 4.500 | 10/19/27 | 9,151,727 | |||||||||||
| TOTAL CAPITAL GOODS | 9,164,433 | ||||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 1.4% | |||||||||||||||||
| 5,461,099 | i | Amentum Government Services Holdings LLC | LIBOR 1 M + 3.500% | 3.584 | 01/29/27 | 5,447,446 | |||||||||||
| 12,663,927 | i | GFL Environmental, Inc | LIBOR 3 M + 3.000% | 3.500 | 05/30/25 | 12,679,757 | |||||||||||
| 14,147,114 | i | Intrado Corp | LIBOR 3 M + 4.000% | 5.000 | 10/10/24 | 13,924,580 | |||||||||||
| 19,575,938 | i | Spin Holdco, Inc | LIBOR 3 M + 4.000% | 4.750 | 03/01/28 | 19,622,724 | |||||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 51,674,507 | ||||||||||||||||
| CONSUMER SERVICES - 0.6% | |||||||||||||||||
| 9,935,388 | i | ClubCorp Holdings, Inc | LIBOR 3 M + 2.750% | 2.882 | 09/18/24 | 9,318,598 | |||||||||||
| 5,000,000 | i | Hilton Grand Vacations Borrower LLC | LIBOR 1 M + 3.000% | 3.500 | 08/02/28 | 5,011,250 | |||||||||||
| 7,443,750 | i | IRB Holding Corp | LIBOR 3 M + 3.250% | 4.250 | 12/15/27 | 7,453,055 | |||||||||||
| TOTAL CONSUMER SERVICES | 21,782,903 | ||||||||||||||||
| ENERGY - 0.1% | |||||||||||||||||
| 4,078,125 | i | ChampionX Holding, Inc | LIBOR 3 M + 5.000% | 6.000 | 06/03/27 | 4,139,297 | |||||||||||
| TOTAL ENERGY | 4,139,297 | ||||||||||||||||
| FOOD, BEVERAGE & TOBACCO - 0.8% | |||||||||||||||||
| 8,068,500 | i | Chobani LLC | LIBOR 1 M + 3.500% | 4.500 | 10/20/27 | 8,080,038 | |||||||||||
| 19,629,000 | i | Triton Water Holdings, Inc | LIBOR 3 M + 3.500% | 4.000 | 03/31/28 | 19,592,294 | |||||||||||
| TOTAL FOOD, BEVERAGE & TOBACCO | 27,672,332 | ||||||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES - 2.0% | |||||||||||||||||
| 4,949,367 | i | Agiliti Health, Inc | LIBOR 1 M + 2.750% | 2.875 | 01/05/26 | 4,918,434 | |||||||||||
| 9,948,052 | i | Air Methods Corp | LIBOR 3 M + 3.500% | 4.500 | 04/22/24 | 9,856,331 | |||||||||||
| 5,905,462 | i | Da Vinci Purchaser Corp | LIBOR 1 M + 4.000% | 5.000 | 01/08/27 | 5,925,777 | |||||||||||
| 16,138,407 | i | RegionalCare Hospital Partners Holdings, Inc | LIBOR 1 M + 3.750% | 3.834 | 11/16/25 | 16,108,228 | |||||||||||
| 21,049,222 | i | Surgery Center Holdings, Inc | LIBOR 1 M + 3.750% | 4.500 | 09/03/26 | 21,069,639 | |||||||||||
| 15,765,735 | i | Verscend Holding Corp | LIBOR 1 M + 4.000% | 4.084 | 08/27/25 | 15,778,820 | |||||||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES | 73,657,229 | ||||||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 0.2% | |||||||||||||||||
| 7,443,750 | i | Kronos Acquisition Holdings, Inc | LIBOR 1 M + 3.750% | 4.250 | 12/22/26 | 7,252,371 | |||||||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 7,252,371 | ||||||||||||||||
| 316 |
TIAA-CREF FUNDS – High-Yield Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| INSURANCE - 0.6% | |||||||||||||||||
| $ | 12,078,784 | i | Acrisure LLC | LIBOR 3 M + 3.500% | 3.632 | % | 02/15/27 | $ | 11,955,460 | ||||||||
| 4,492,156 | i | Alliant Holdings Intermediate LLC | LIBOR 1 M + 3.750% | 4.250 | 11/05/27 | 4,493,413 | |||||||||||
| 4 | i | HUB International Ltd | LIBOR 3 M + 3.250% | 4.000 | 04/25/25 | 4 | |||||||||||
| 4,678,789 | i | USI, Inc | LIBOR 3 M + 3.250% | 3.382 | 12/02/26 | 4,645,148 | |||||||||||
| TOTAL INSURANCE | 21,094,025 | ||||||||||||||||
| MATERIALS - 0.2% | |||||||||||||||||
| 8,330,000 | h,i | Sylvamo Corp | LIBOR 1 M + 4.500% | 5.000 | 09/13/28 | 8,298,763 | |||||||||||
| TOTAL MATERIALS | 8,298,763 | ||||||||||||||||
| MEDIA & ENTERTAINMENT - 1.3% | |||||||||||||||||
| 9,974,145 | i | Abe Investment Holdings | LIBOR 1 M + 4.500% | 4.625 | 02/19/26 | 9,959,583 | |||||||||||
| 14,842,464 | i | Arches Buyer, Inc | LIBOR 1 M + 3.250% | 3.750 | 12/06/27 | 14,759,050 | |||||||||||
| 4,997,262 | i | Cablevision Lightpath LLC | LIBOR 1 M + 3.250% | 3.750 | 11/30/27 | 5,001,010 | |||||||||||
| 14,836,018 | i | Clear Channel Outdoor Holdings, Inc | LIBOR 3 M + 3.500% | 3.629 | 08/21/26 | 14,515,708 | |||||||||||
| 2,704,563 | i | Radiate Holdco LLC | LIBOR 1 M + 3.500% | 4.250 | 09/25/26 | 2,700,668 | |||||||||||
| TOTAL MEDIA & ENTERTAINMENT | 46,936,019 | ||||||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.9% | |||||||||||||||||
| 6,293,375 | i | Avantor, Inc | LIBOR 1 M + 2.250% | 2.750 | 11/08/27 | 6,301,242 | |||||||||||
| 7,492,452 | i | Bausch Health Americas, Inc | LIBOR 1 M + 3.000% | 3.085 | 06/02/25 | 7,481,213 | |||||||||||
| 19,945,013 | i | Jazz Financing Lux Sarl | LIBOR 1 M + 3.500% | 4.000 | 05/05/28 | 19,967,550 | |||||||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 33,750,005 | ||||||||||||||||
| REAL ESTATE - 0.1% | |||||||||||||||||
| 4,375,555 | i | Cushman & Wakefield plc | LIBOR 1 M + 2.750% | 2.834 | 08/21/25 | 4,332,893 | |||||||||||
| TOTAL REAL ESTATE | 4,332,893 | ||||||||||||||||
| RETAILING - 0.8% | |||||||||||||||||
| 14,710,000 | i | Jo-Ann Stores LLC | LIBOR 1 M + 4.750% | 5.500 | 07/07/28 | 14,283,410 | |||||||||||
| 6,864,795 | i | Michaels Cos, Inc | LIBOR 3 M + 4.250% | 5.000 | 04/08/28 | 6,867,884 | |||||||||||
| 9,652,813 | i | Staples, Inc | LIBOR 3 M + 5.000% | 5.126 | 04/16/26 | 9,187,740 | |||||||||||
| TOTAL RETAILING | 30,339,034 | ||||||||||||||||
| SOFTWARE & SERVICES - 2.3% | |||||||||||||||||
| 13,927,091 | i | Blackboard, Inc | LIBOR 3 M + 6.000% | 7.000 | 06/28/24 | 13,989,763 | |||||||||||
| 4,664,750 | i | Camelot US Acquisition | LIBOR 1 M + 3.000% | 4.000 | 10/31/26 | 4,674,966 | |||||||||||
| 21,800,325 | i | Dun & Bradstreet Corp | LIBOR 1 M + 3.250% | 3.336 | 02/06/26 | 21,773,074 | |||||||||||
| 14,958,951 | i | Finastra USA, Inc | LIBOR 3 M + 3.500% | 4.500 | 06/13/24 | 14,829,556 | |||||||||||
| 9,950,000 | i | Greeneden US Holdings II LLC | LIBOR 1 M + 4.000% | 4.750 | 12/01/27 | 9,980,248 | |||||||||||
| 14,825,500 | i | Rackspace Technology Global, Inc | LIBOR 3 M + 2.750% | 3.500 | 02/03/28 | 14,712,678 | |||||||||||
| 3,000,000 | h,i | Rocket Software, Inc | LIBOR 1 M + 4.250% | 4.750 | 11/28/25 | 2,986,260 | |||||||||||
| TOTAL SOFTWARE & SERVICES | 82,946,545 | ||||||||||||||||
| TELECOMMUNICATION SERVICES - 1.1% | |||||||||||||||||
| 14,923,858 | i | CommScope, Inc | LIBOR 1 M + 3.250% | 3.334 | 04/06/26 | 14,833,718 | |||||||||||
| 9,925,000 | i | GCI LLC | LIBOR 1 M + 2.750% | 3.500 | 10/15/25 | 9,906,440 | |||||||||||
| 14,897,370 | i | Syniverse Holdings, Inc | LIBOR 3 M + 5.000% | 6.000 | 03/09/23 | 14,885,899 | |||||||||||
| TOTAL TELECOMMUNICATION SERVICES | 39,626,057 | ||||||||||||||||
| 317 |
TIAA-CREF FUNDS – High-Yield Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| TRANSPORTATION - 0.3% | |||||||||||||||||
| $ | 12,785,000 | i | Air Canada | LIBOR 3 M + 3.500% | 4.250 | % | 08/11/28 | $ | 12,827,574 | ||||||||
| TOTAL TRANSPORTATION | 12,827,574 | ||||||||||||||||
| TOTAL BANK LOAN OBLIGATIONS | 503,557,082 | ||||||||||||||||
| (Cost $501,039,866) | |||||||||||||||||
| BONDS - 81.4% | |||||||||||||||||
| CORPORATE BONDS - 81.4% | |||||||||||||||||
| AUTOMOBILES & COMPONENTS - 3.4% | |||||||||||||||||
| 14,950,000 | g | Adient Global Holdings Ltd | 4.875 | 08/15/26 | 15,305,361 | ||||||||||||
| 4,973,000 | g | Clarios Global LP | 6.750 | 05/15/25 | 5,246,515 | ||||||||||||
| 6,695,000 | Dana, Inc | 5.375 | 11/15/27 | 7,054,856 | |||||||||||||
| 10,150,000 | Ford Motor Co | 9.000 | 04/22/25 | 12,205,680 | |||||||||||||
| 5,825,000 | Ford Motor Co | 9.625 | 04/22/30 | 8,245,142 | |||||||||||||
| 22,075,000 | g | Gates Global LLC | 6.250 | 01/15/26 | 22,902,812 | ||||||||||||
| 6,815,000 | g | Goodyear Tire & Rubber Co | 5.000 | 07/15/29 | 7,232,419 | ||||||||||||
| 15,000,000 | Goodyear Tire & Rubber Co | 5.250 | 04/30/31 | 16,119,750 | |||||||||||||
| 6,245,000 | g | Goodyear Tire & Rubber Co | 5.250 | 07/15/31 | 6,650,925 | ||||||||||||
| 1,100,000 | g,o | IHO Verwaltungs GmbH | 4.750 | 09/15/26 | 1,127,500 | ||||||||||||
| 19,800,000 | g,o | IHO Verwaltungs GmbH | 6.375 | 05/15/29 | 21,606,750 | ||||||||||||
| TOTAL AUTOMOBILES & COMPONENTS | 123,697,710 | ||||||||||||||||
| CAPITAL GOODS - 1.6% | |||||||||||||||||
| 9,519,000 | g | H&E Equipment Services, Inc | 3.875 | 12/15/28 | 9,481,876 | ||||||||||||
| 945,000 | g,h | Roller Bearing Co of America, Inc | 4.375 | 10/15/29 | 968,625 | ||||||||||||
| 8,950,000 | g | Rolls-Royce plc | 5.750 | 10/15/27 | 9,889,750 | ||||||||||||
| 12,250,000 | TransDigm UK Holdings plc | 6.875 | 05/15/26 | 12,877,812 | |||||||||||||
| 2,000,000 | g | TransDigm, Inc | 8.000 | 12/15/25 | 2,132,500 | ||||||||||||
| 4,000,000 | TransDigm, Inc | 7.500 | 03/15/27 | 4,190,000 | |||||||||||||
| 4,940,000 | g | Univar Solutions USA, Inc | 5.125 | 12/01/27 | 5,186,753 | ||||||||||||
| 4,260,000 | g | WESCO Distribution, Inc | 7.125 | 06/15/25 | 4,545,974 | ||||||||||||
| 7,560,000 | g | WESCO Distribution, Inc | 7.250 | 06/15/28 | 8,372,700 | ||||||||||||
| TOTAL CAPITAL GOODS | 57,645,990 | ||||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 5.0% | |||||||||||||||||
| 5,245,000 | g | ADT Corp | 4.875 | 07/15/32 | 5,290,894 | ||||||||||||
| 13,105,000 | g | ADT Security Corp | 4.125 | 08/01/29 | 13,024,934 | ||||||||||||
| 13,500,000 | AECOM | 5.125 | 03/15/27 | 14,951,250 | |||||||||||||
| 6,100,000 | g | Allied Universal Holdco LLC | 6.625 | 07/15/26 | 6,449,408 | ||||||||||||
| 21,000,000 | g | Allied Universal Holdco LLC | 4.625 | 06/01/28 | 20,967,450 | ||||||||||||
| 6,785,000 | g | ASGN, Inc | 4.625 | 05/15/28 | 7,022,475 | ||||||||||||
| 1,515,000 | g | GFL Environmental, Inc | 4.250 | 06/01/25 | 1,562,344 | ||||||||||||
| 7,850,000 | g | GFL Environmental, Inc | 3.750 | 08/01/25 | 8,075,687 | ||||||||||||
| 1,960,000 | g | GFL Environmental, Inc | 5.125 | 12/15/26 | 2,058,216 | ||||||||||||
| 6,500,000 | g | GFL Environmental, Inc | 4.750 | 06/15/29 | 6,678,750 | ||||||||||||
| 10,000,000 | g | Pitney Bowes, Inc | 6.875 | 03/15/27 | 10,525,000 | ||||||||||||
| 10,000,000 | g | Pitney Bowes, Inc | 7.250 | 03/15/29 | 10,512,500 | ||||||||||||
| 25,075,000 | g | Prime Security Services Borrower LLC | 5.750 | 04/15/26 | 27,125,142 | ||||||||||||
| 318 |
TIAA-CREF FUNDS – High-Yield Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 5,325,000 | g | Prime Security Services Borrower LLC | 3.375 | % | 08/31/27 | $ | 5,108,698 | |||||||||
| 18,100,000 | g | Prime Security Services Borrower LLC | 6.250 | 01/15/28 | 18,711,418 | ||||||||||||
| 6,750,000 | g | Science Applications International Corp | 4.875 | 04/01/28 | 6,975,787 | ||||||||||||
| 4,200,000 | United Rentals North America, Inc | 4.875 | 01/15/28 | 4,440,408 | |||||||||||||
| 14,618,000 | g | WASH Multifamily Acquisition, Inc | 5.750 | 04/15/26 | 15,264,481 | ||||||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 184,744,842 | ||||||||||||||||
| CONSUMER DURABLES & APPAREL - 1.2% | |||||||||||||||||
| 15,700,000 | g | Academy Ltd | 6.000 | 11/15/27 | 16,956,000 | ||||||||||||
| 10,085,000 | KB Home | 6.875 | 06/15/27 | 12,051,575 | |||||||||||||
| 8,000,000 | M/I Homes, Inc | 4.950 | 02/01/28 | 8,370,000 | |||||||||||||
| 8,260,000 | g | Wolverine World Wide, Inc | 4.000 | 08/15/29 | 8,342,600 | ||||||||||||
| TOTAL CONSUMER DURABLES & APPAREL | 45,720,175 | ||||||||||||||||
| CONSUMER SERVICES - 4.4% | |||||||||||||||||
| 8,950,000 | g | Carnival Corp | 7.625 | 03/01/26 | 9,554,125 | ||||||||||||
| 23,825,000 | g | Carnival Corp | 5.750 | 03/01/27 | 24,629,094 | ||||||||||||
| 16,845,000 | g | Carnival Corp | 4.000 | 08/01/28 | 17,013,450 | ||||||||||||
| 5,163,000 | g | Cedar Fair LP | 5.500 | 05/01/25 | 5,363,066 | ||||||||||||
| 5,675,000 | g | Churchill Downs, Inc | 4.750 | 01/15/28 | 5,937,469 | ||||||||||||
| 4,270,000 | g | Constellation Merger Sub, Inc | 8.500 | 09/15/25 | 4,141,900 | ||||||||||||
| 9,135,000 | g | Hilton Grand Vacations Borrower Escrow LLC | 5.000 | 06/01/29 | 9,317,700 | ||||||||||||
| 10,270,000 | g | International Game Technology plc | 6.500 | 02/15/25 | 11,460,806 | ||||||||||||
| 3,880,000 | g | International Game Technology plc | 4.125 | 04/15/26 | 4,032,756 | ||||||||||||
| 4,650,000 | g | International Game Technology plc | 6.250 | 01/15/27 | 5,254,500 | ||||||||||||
| 2,025,000 | g | International Game Technology plc | 5.250 | 01/15/29 | 2,164,259 | ||||||||||||
| 16,300,000 | g | Life Time, Inc | 5.750 | 01/15/26 | 16,870,500 | ||||||||||||
| 11,425,000 | g | Live Nation Entertainment, Inc | 6.500 | 05/15/27 | 12,567,500 | ||||||||||||
| 8,715,000 | g | Marriott Ownership Resorts, Inc | 4.500 | 06/15/29 | 8,823,937 | ||||||||||||
| 10,000,000 | g | Penn National Gaming, Inc | 5.625 | 01/15/27 | 10,300,000 | ||||||||||||
| 5,265,000 | g | RLJ Lodging Trust LP | 4.000 | 09/15/29 | 5,256,787 | ||||||||||||
| 9,650,000 | g | Scientific Games International, Inc | 5.000 | 10/15/25 | 9,927,438 | ||||||||||||
| TOTAL CONSUMER SERVICES | 162,615,287 | ||||||||||||||||
| DIVERSIFIED FINANCIALS - 5.1% | |||||||||||||||||
| 9,447,000 | g | Compass Group Diversified Holdings LLC | 5.250 | 04/15/29 | 9,883,924 | ||||||||||||
| 20,400,000 | Ford Motor Credit Co LLC | 4.063 | 11/01/24 | 21,450,396 | |||||||||||||
| 10,000,000 | Ford Motor Credit Co LLC | 3.375 | 11/13/25 | 10,275,000 | |||||||||||||
| 5,000,000 | Ford Motor Credit Co LLC | 5.113 | 05/03/29 | 5,587,500 | |||||||||||||
| 10,000,000 | Icahn Enterprises LP | 4.750 | 09/15/24 | 10,400,000 | |||||||||||||
| 9,700,000 | Icahn Enterprises LP | 5.250 | 05/15/27 | 10,063,750 | |||||||||||||
| 15,375,000 | Icahn Enterprises LP | 4.375 | 02/01/29 | 15,355,781 | |||||||||||||
| 10,845,000 | g | LCM Investments Holdings II LLC | 4.875 | 05/01/29 | 11,127,729 | ||||||||||||
| 4,600,000 | g | LPL Holdings, Inc | 4.625 | 11/15/27 | 4,772,500 | ||||||||||||
| 14,300,000 | g | LPL Holdings, Inc | 4.375 | 05/15/31 | 14,925,625 | ||||||||||||
| 8,000,000 | Navient Corp | 6.125 | 03/25/24 | 8,566,000 | |||||||||||||
| 5,000,000 | Navient Corp | 6.750 | 06/25/25 | 5,462,500 | |||||||||||||
| 10,000,000 | Navient Corp | 4.875 | 03/15/28 | 10,081,300 | |||||||||||||
| 13,465,000 | OneMain Finance Corp | 3.500 | 01/15/27 | 13,471,059 | |||||||||||||
| 10,650,000 | OneMain Finance Corp | 4.000 | 09/15/30 | 10,596,750 | |||||||||||||
| 10,675,000 | Springleaf Finance Corp | 6.125 | 03/15/24 | 11,406,238 | |||||||||||||
| 10,960,000 | Springleaf Finance Corp | 5.375 | 11/15/29 | 11,878,996 | |||||||||||||
| TOTAL DIVERSIFIED FINANCIALS | 185,305,048 | ||||||||||||||||
| 319 |
TIAA-CREF FUNDS – High-Yield Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| ENERGY - 16.2% | |||||||||||||||||
| $ | 8,375,000 | AmeriGas Partners LP | 5.875 | % | 08/20/26 | $ | 9,463,750 | ||||||||||
| 8,900,000 | g | Antero Midstream Partners LP | 7.875 | 05/15/26 | 9,731,705 | ||||||||||||
| 13,075,000 | g | Antero Midstream Partners LP | 5.750 | 03/01/27 | 13,507,129 | ||||||||||||
| 9,625,000 | g | Antero Midstream Partners LP | 5.750 | 01/15/28 | 9,973,906 | ||||||||||||
| 5,000,000 | e | Antero Resources Corp | 5.000 | 03/01/25 | 5,121,250 | ||||||||||||
| 5,455,000 | g | Antero Resources Corp | 5.375 | 03/01/30 | 5,744,933 | ||||||||||||
| 9,550,000 | g | Archrock Partners LP | 6.875 | 04/01/27 | 10,027,500 | ||||||||||||
| 11,681,000 | g | Archrock Partners LP | 6.250 | 04/01/28 | 12,080,782 | ||||||||||||
| 6,200,000 | e | Calumet Specialty Products Partners LP | 7.750 | 04/15/23 | 6,145,750 | ||||||||||||
| 6,000,000 | g | Calumet Specialty Products Partners LP | 11.000 | 04/15/25 | 6,495,000 | ||||||||||||
| 6,620,000 | g | Cheniere Energy Partners LP | 3.250 | 01/31/32 | 6,641,846 | ||||||||||||
| 9,000,000 | Cheniere Energy, Inc | 4.625 | 10/15/28 | 9,483,750 | |||||||||||||
| 1,335,279 | †,o | Cloud Peak Energy, Inc | 12.000 | 05/01/25 | 901,140 | ||||||||||||
| 6,050,000 | Crestwood Midstream Partners LP | 5.750 | 04/01/25 | 6,178,562 | |||||||||||||
| 5,700,000 | g | Crestwood Midstream Partners LP | 5.625 | 05/01/27 | 5,866,440 | ||||||||||||
| 11,775,000 | g | DT Midstream, Inc | 4.125 | 06/15/29 | 11,940,556 | ||||||||||||
| 2,975,000 | g | DT Midstream, Inc | 4.375 | 06/15/31 | 3,064,250 | ||||||||||||
| 2,932,000 | g | Energean Israel Finance Ltd | 4.500 | 03/30/24 | 2,991,678 | ||||||||||||
| 1,630,000 | g | Energean Israel Finance Ltd | 4.875 | 03/30/26 | 1,670,822 | ||||||||||||
| 1,630,000 | g | Energean Israel Finance Ltd | 5.375 | 03/30/28 | 1,666,694 | ||||||||||||
| 5,079,000 | g | Energean Israel Finance Ltd | 5.875 | 03/30/31 | 5,219,734 | ||||||||||||
| 7,000,000 | Energy Transfer LP | 6.500 | N/A‡ | 7,289,590 | |||||||||||||
| 1,569,000 | g | EnLink Midstream LLC | 5.625 | 01/15/28 | 1,670,577 | ||||||||||||
| 5,168,000 | EnLink Midstream Partners LP | 4.150 | 06/01/25 | 5,325,779 | |||||||||||||
| 5,000,000 | EnLink Midstream Partners LP | 4.850 | 07/15/26 | 5,248,500 | |||||||||||||
| 4,400,000 | g | EQM Midstream Partners LP | 6.000 | 07/01/25 | 4,823,280 | ||||||||||||
| 7,200,000 | g | EQM Midstream Partners LP | 6.500 | 07/01/27 | 8,098,200 | ||||||||||||
| 4,250,000 | g | EQM Midstream Partners LP | 4.500 | 01/15/29 | 4,409,375 | ||||||||||||
| 5,125,000 | g | EQM Midstream Partners LP | 4.750 | 01/15/31 | 5,330,102 | ||||||||||||
| 20,285,000 | g | Ferrellgas Escrow LLC | 5.375 | 04/01/26 | 19,826,458 | ||||||||||||
| 22,178,000 | g | Ferrellgas Escrow LLC | 5.875 | 04/01/29 | 21,512,660 | ||||||||||||
| 9,400,000 | Genesis Energy LP | 6.500 | 10/01/25 | 9,353,000 | |||||||||||||
| 15,000,000 | Genesis Energy LP | 6.250 | 05/15/26 | 14,728,050 | |||||||||||||
| 6,175,000 | Genesis Energy LP | 7.750 | 02/01/28 | 6,169,195 | |||||||||||||
| 8,825,000 | g | Hess Midstream Operations LP | 5.625 | 02/15/26 | 9,155,937 | ||||||||||||
| 4,340,000 | g | Hilcorp Energy I LP | 5.750 | 02/01/29 | 4,459,350 | ||||||||||||
| 4,291,000 | g | Hilcorp Energy I LP | 6.000 | 02/01/31 | 4,409,003 | ||||||||||||
| 18,425,000 | g | MEG Energy Corp | 5.875 | 02/01/29 | 18,839,563 | ||||||||||||
| 8,750,000 | g | Moss Creek Resources Holdings, Inc | 10.500 | 05/15/27 | 8,705,200 | ||||||||||||
| 4,800,000 | Murphy Oil Corp | 5.750 | 08/15/25 | 4,954,656 | |||||||||||||
| 13,482,000 | Murphy Oil Corp | 5.875 | 12/01/27 | 14,031,392 | |||||||||||||
| 728,334 | † | Navajo Transitional Energy Co LLC | 9.000 | 10/24/24 | 473,417 | ||||||||||||
| 14,075,000 | g | New Fortress Energy, Inc | 6.500 | 09/30/26 | 13,459,219 | ||||||||||||
| 8,750,000 | g | NGL Energy Operating LLC | 7.500 | 02/01/26 | 8,914,063 | ||||||||||||
| 2,775,000 | NuStar Logistics LP | 5.750 | 10/01/25 | 2,990,063 | |||||||||||||
| 2,275,000 | NuStar Logistics LP | 6.375 | 10/01/30 | 2,502,500 | |||||||||||||
| 5,000,000 | Occidental Petroleum Corp | 6.950 | 07/01/24 | 5,650,000 | |||||||||||||
| 10,000,000 | Occidental Petroleum Corp | 8.000 | 07/15/25 | 11,940,000 | |||||||||||||
| 13,775,000 | Occidental Petroleum Corp | 5.875 | 09/01/25 | 15,438,331 | |||||||||||||
| 767,000 | Occidental Petroleum Corp | 5.500 | 12/01/25 | 849,452 | |||||||||||||
| 280,000 | Occidental Petroleum Corp | 5.550 | 03/15/26 | 310,800 | |||||||||||||
| 320 |
TIAA-CREF FUNDS – High-Yield Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 310,000 | Occidental Petroleum Corp | 3.000 | % | 02/15/27 | $ | 309,761 | ||||||||||
| 10,000,000 | Occidental Petroleum Corp | 8.500 | 07/15/27 | 12,524,300 | |||||||||||||
| 17,875,000 | Occidental Petroleum Corp | 6.375 | 09/01/28 | 20,913,750 | |||||||||||||
| 4,700,000 | Occidental Petroleum Corp | 3.500 | 08/15/29 | 4,780,464 | |||||||||||||
| 11,800,000 | Occidental Petroleum Corp | 8.875 | 07/15/30 | 16,029,474 | |||||||||||||
| 700,000 | e | Occidental Petroleum Corp | 6.125 | 01/01/31 | 840,333 | ||||||||||||
| 10,000,000 | Occidental Petroleum Corp | 6.450 | 09/15/36 | 12,581,250 | |||||||||||||
| 336,000 | Occidental Petroleum Corp | 6.200 | 03/15/40 | 395,707 | |||||||||||||
| 516,000 | Occidental Petroleum Corp | 6.600 | 03/15/46 | 647,583 | |||||||||||||
| 1,479,000 | Occidental Petroleum Corp | 4.400 | 04/15/46 | 1,475,081 | |||||||||||||
| 1,364,000 | Occidental Petroleum Corp | 4.200 | 03/15/48 | 1,306,030 | |||||||||||||
| 678,000 | Occidental Petroleum Corp | 4.400 | 08/15/49 | 665,287 | |||||||||||||
| 6,658,000 | g | Parkland Corp | 4.500 | 10/01/29 | 6,748,549 | ||||||||||||
| 6,975,000 | g | Parkland Fuel Corp | 5.875 | 07/15/27 | 7,393,500 | ||||||||||||
| 3,325,000 | g | PBF Holding Co LLC | 9.250 | 05/15/25 | 3,150,438 | ||||||||||||
| 2,375,000 | Range Resources Corp | 4.875 | 05/15/25 | 2,507,525 | |||||||||||||
| 15,000,000 | Range Resources Corp | 9.250 | 02/01/26 | 16,350,750 | |||||||||||||
| 1,900,000 | e | SM Energy Co | 6.750 | 09/15/26 | 1,940,451 | ||||||||||||
| 7,500,000 | SM Energy Co | 6.625 | 01/15/27 | 7,690,725 | |||||||||||||
| 1,200,000 | e | SM Energy Co | 6.500 | 07/15/28 | 1,242,384 | ||||||||||||
| 4,750,000 | e | Southwestern Energy Co | 7.750 | 10/01/27 | 5,131,425 | ||||||||||||
| 8,175,000 | Suburban Propane Partners LP | 5.875 | 03/01/27 | 8,522,438 | |||||||||||||
| 1,800,000 | g | Suburban Propane Partners LP | 5.000 | 06/01/31 | 1,867,500 | ||||||||||||
| 5,000,000 | Sunoco LP | 6.000 | 04/15/27 | 5,206,250 | |||||||||||||
| 4,527,000 | Sunoco LP | 4.500 | 05/15/29 | 4,591,596 | |||||||||||||
| 4,836,000 | g | Superior Plus LP | 4.500 | 03/15/29 | 4,993,170 | ||||||||||||
| 2,025,000 | Targa Resources Partners LP | 6.500 | 07/15/27 | 2,183,416 | |||||||||||||
| 10,000,000 | Targa Resources Partners LP | 5.000 | 01/15/28 | 10,500,000 | |||||||||||||
| 6,125,000 | Targa Resources Partners LP | 4.875 | 02/01/31 | 6,607,344 | |||||||||||||
| 18,000,000 | USA Compression Partners LP | 6.875 | 04/01/26 | 18,741,632 | |||||||||||||
| 2,650,000 | USA Compression Partners LP | 6.875 | 09/01/27 | 2,805,290 | |||||||||||||
| 5,000,000 | Western Gas Partners LP | 3.950 | 06/01/25 | 5,283,825 | |||||||||||||
| 5,000,000 | Western Midstream Operating LP | 4.350 | 02/01/25 | 5,276,050 | |||||||||||||
| 8,575,000 | Western Midstream Operating LP | 5.300 | 02/01/30 | 9,475,375 | |||||||||||||
| TOTAL ENERGY | 595,463,542 | ||||||||||||||||
| FOOD & STAPLES RETAILING - 0.5% | |||||||||||||||||
| 1,325,000 | g | Albertsons Cos LLC | 5.875 | 02/15/28 | 1,411,125 | ||||||||||||
| 5,900,000 | g | Albertsons Cos, Inc | 4.875 | 02/15/30 | 6,357,250 | ||||||||||||
| 10,665,000 | g | Performance Food Group, Inc | 4.250 | 08/01/29 | 10,691,663 | ||||||||||||
| TOTAL FOOD & STAPLES RETAILING | 18,460,038 | ||||||||||||||||
| FOOD, BEVERAGE & TOBACCO - 1.6% | |||||||||||||||||
| 13,325,000 | g | Chobani LLC | 4.625 | 11/15/28 | 13,758,063 | ||||||||||||
| 7,775,000 | Kraft Heinz Foods Co | 3.875 | 05/15/27 | 8,489,621 | |||||||||||||
| 1,675,000 | Kraft Heinz Foods Co | 4.375 | 06/01/46 | 1,905,848 | |||||||||||||
| 8,050,000 | g | Lamb Weston Holdings, Inc | 4.875 | 11/01/26 | 8,247,386 | ||||||||||||
| 10,284,000 | g | Post Holdings, Inc | 4.625 | 04/15/30 | 10,363,495 | ||||||||||||
| 16,125,000 | g | Primo Water Holdings, Inc | 4.375 | 04/30/29 | 16,082,269 | ||||||||||||
| TOTAL FOOD, BEVERAGE & TOBACCO | 58,846,682 | ||||||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES - 6.0% | |||||||||||||||||
| 4,000,000 | g | 180 Medical, Inc | 3.875 | 10/15/29 | 4,035,000 | ||||||||||||
| 321 |
TIAA-CREF FUNDS – High-Yield Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 8,575,000 | g | AMN Healthcare Services, Inc | 4.625 | % | 10/01/27 | $ | 8,896,562 | |||||||||
| 7,175,000 | Centene Corp | 4.625 | 12/15/29 | 7,819,315 | |||||||||||||
| 5,000,000 | Centene Corp | 3.000 | 10/15/30 | 5,125,000 | |||||||||||||
| 2,725,000 | g | CHS/Community Health Systems Inc | 6.125 | 04/01/30 | 2,647,951 | ||||||||||||
| 2,275,000 | g | CHS/Community Health Systems Inc | 5.625 | 03/15/27 | 2,382,221 | ||||||||||||
| 800,000 | g | CHS/Community Health Systems Inc | 6.000 | 01/15/29 | 848,000 | ||||||||||||
| 11,675,000 | g | CHS/Community Health Systems Inc | 6.875 | 04/15/29 | 11,702,436 | ||||||||||||
| 1,925,000 | g | CHS/Community Health Systems Inc | 4.750 | 02/15/31 | 1,937,031 | ||||||||||||
| 7,625,000 | g | CHS/Community Health Systems, Inc | 6.625 | 02/15/25 | 7,977,656 | ||||||||||||
| 2,500,000 | g | CHS/Community Health Systems, Inc | 8.000 | 03/15/26 | 2,651,187 | ||||||||||||
| 3,850,000 | g | CHS/Community Health Systems, Inc | 8.000 | 12/15/27 | 4,196,500 | ||||||||||||
| 17,815,000 | g | DaVita, Inc | 4.625 | 06/01/30 | 18,324,702 | ||||||||||||
| 8,100,000 | Encompass Health Corp | 4.500 | 02/01/28 | 8,363,250 | |||||||||||||
| 15,000,000 | g | Global Medical Response, Inc | 6.500 | 10/01/25 | 15,506,250 | ||||||||||||
| 3,500,000 | g,h | HealthEquity, Inc | 4.500 | 10/01/29 | 3,552,500 | ||||||||||||
| 15,000,000 | g | LifePoint Health, Inc | 4.375 | 02/15/27 | 14,962,500 | ||||||||||||
| 10,725,000 | g | LifePoint Health, Inc | 5.375 | 01/15/29 | 10,430,063 | ||||||||||||
| 18,130,000 | g,h | Mozart Debt Merger Sub, Inc | 3.875 | 04/01/29 | 18,130,000 | ||||||||||||
| 4,340,000 | g,h | Mozart Debt Merger Sub, Inc | 5.250 | 10/01/29 | 4,340,000 | ||||||||||||
| 11,000,000 | g | MPH Acquisition Holdings LLC | 5.500 | 09/01/28 | 10,969,750 | ||||||||||||
| 11,250,000 | e,g | MPH Acquisition Holdings LLC | 5.750 | 11/01/28 | 10,597,275 | ||||||||||||
| 7,275,000 | MPT Operating Partnership LP | 4.625 | 08/01/29 | 7,806,075 | |||||||||||||
| 5,404,000 | Tenet Healthcare Corp | 4.625 | 07/15/24 | 5,485,060 | |||||||||||||
| 7,500,000 | g | Tenet Healthcare Corp | 4.625 | 06/15/28 | 7,771,200 | ||||||||||||
| 12,050,000 | g | Tenet Healthcare Corp | 6.125 | 10/01/28 | 12,658,224 | ||||||||||||
| 10,000,000 | g | Tenet Healthcare Corp | 4.250 | 06/01/29 | 10,150,000 | ||||||||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES | 219,265,708 | ||||||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 0.6% | |||||||||||||||||
| 23,200,000 | g | Coty, Inc | 5.000 | 04/15/26 | 23,699,496 | ||||||||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 23,699,496 | ||||||||||||||||
| INSURANCE - 1.0% | |||||||||||||||||
| 18,513,000 | g | Acrisure LLC | 4.250 | 02/15/29 | 18,304,729 | ||||||||||||
| 11,725,000 | g | Alliant Holdings Intermediate LLC | 4.250 | 10/15/27 | 11,842,250 | ||||||||||||
| 5,085,000 | g | AmWINS Group, Inc | 4.875 | 06/30/29 | 5,156,444 | ||||||||||||
| TOTAL INSURANCE | 35,303,423 | ||||||||||||||||
| MATERIALS - 6.8% | |||||||||||||||||
| 2,270,000 | Allegheny Technologies, Inc | 4.875 | 10/01/29 | 2,278,512 | |||||||||||||
| 1,620,000 | Allegheny Technologies, Inc | 5.125 | 10/01/31 | 1,632,474 | |||||||||||||
| 5,000,000 | g | Ardagh Metal Packaging Finance USA LLC | 3.250 | 09/01/28 | 4,987,500 | ||||||||||||
| 7,225,000 | g | Ardagh Metal Packaging Finance USA LLC | 4.000 | 09/01/29 | 7,306,281 | ||||||||||||
| 7,075,000 | g | Berry Global, Inc | 5.625 | 07/15/27 | 7,476,223 | ||||||||||||
| 8,654,000 | g | Cleveland-Cliffs, Inc | 9.875 | 10/17/25 | 9,930,465 | ||||||||||||
| 6,385,000 | g | Consolidated Energy Finance S.A. | 5.625 | 10/15/28 | 6,385,000 | ||||||||||||
| 9,325,000 | g | Constellium SE | 3.750 | 04/15/29 | 9,081,804 | ||||||||||||
| 3,000,000 | g | First Quantum Minerals Ltd | 7.500 | 04/01/25 | 3,077,490 | ||||||||||||
| 4,750,000 | g | First Quantum Minerals Ltd | 6.875 | 03/01/26 | 4,940,000 | ||||||||||||
| 3,100,000 | Freeport-McMoRan, Inc | 5.400 | 11/14/34 | 3,723,875 | |||||||||||||
| 9,250,000 | Freeport-McMoRan, Inc | 5.450 | 03/15/43 | 11,389,062 | |||||||||||||
| 6,650,000 | g | GCP Applied Technologies, Inc | 5.500 | 04/15/26 | 6,799,625 | ||||||||||||
| 322 |
TIAA-CREF FUNDS – High-Yield Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 6,825,000 | H.B. Fuller Co | 4.250 | % | 10/15/28 | $ | 6,944,437 | ||||||||||
| 12,250,000 | g | James Hardie International Finance DAC | 5.000 | 01/15/28 | 12,862,500 | ||||||||||||
| 6,746,000 | g | Joseph T Ryerson & Son, Inc | 8.500 | 08/01/28 | 7,479,627 | ||||||||||||
| 12,500,000 | g | Nova Chemicals Corp | 4.875 | 06/01/24 | 13,062,500 | ||||||||||||
| 5,916,000 | g | OCI NV | 5.250 | 11/01/24 | 6,085,198 | ||||||||||||
| 10,689,000 | g | OCI NV | 4.625 | 10/15/25 | 11,223,450 | ||||||||||||
| 8,450,000 | Olin Corp | 5.125 | 09/15/27 | 8,777,438 | |||||||||||||
| 24,490,000 | g,h | Olympus Water US Holding Corp | 4.250 | 10/01/28 | 24,134,283 | ||||||||||||
| 7,110,000 | g | Pactiv Evergreen Group Issuer, Inc | 4.375 | 09/30/28 | 7,136,663 | ||||||||||||
| 9,850,000 | g | Rayonier AM Products, Inc | 7.625 | 01/15/26 | 10,453,313 | ||||||||||||
| 6,975,000 | g | Standard Industries, Inc | 5.000 | 02/15/27 | 7,192,969 | ||||||||||||
| 12,190,000 | g | SunCoke Energy, Inc | 4.875 | 06/30/29 | 12,144,288 | ||||||||||||
| 7,000,000 | g | Trinseo Materials Operating S.C.A | 5.375 | 09/01/25 | 7,105,000 | ||||||||||||
| 13,112,000 | g | Tronox, Inc | 4.625 | 03/15/29 | 13,046,440 | ||||||||||||
| 10,280,000 | g | Unifrax Escrow Issuer Corp | 5.250 | 09/30/28 | 10,408,500 | ||||||||||||
| 3,500,000 | g | Unifrax Escrow Issuer Corp | 7.500 | 09/30/29 | 3,586,695 | ||||||||||||
| 8,025,000 | g | WR Grace Holdings LLC | 5.625 | 08/15/29 | 8,265,830 | ||||||||||||
| TOTAL MATERIALS | 248,917,442 | ||||||||||||||||
| MEDIA & ENTERTAINMENT - 8.5% | |||||||||||||||||
| 9,250,000 | g | Altice Financing S.A. | 5.000 | 01/15/28 | 8,919,081 | ||||||||||||
| 8,860,000 | g | Arches Buyer, Inc | 4.250 | 06/01/28 | 8,983,021 | ||||||||||||
| 5,000,000 | g | CCO Holdings LLC | 5.000 | 02/01/28 | 5,219,500 | ||||||||||||
| 5,000,000 | g | CCO Holdings LLC | 5.375 | 06/01/29 | 5,400,000 | ||||||||||||
| 12,250,000 | g | CCO Holdings LLC | 4.500 | 08/15/30 | 12,638,570 | ||||||||||||
| 19,025,000 | g | CCO Holdings LLC | 4.250 | 02/01/31 | 19,355,084 | ||||||||||||
| 10,800,000 | CCO Holdings LLC | 4.500 | 05/01/32 | 11,124,000 | |||||||||||||
| 11,475,000 | g | Cinemark USA, Inc | 8.750 | 05/01/25 | 12,306,937 | ||||||||||||
| 11,115,000 | g | Cinemark USA, Inc | 5.250 | 07/15/28 | 10,948,275 | ||||||||||||
| 5,000,000 | g | Clear Channel Worldwide Holdings, Inc | 5.125 | 08/15/27 | 5,174,050 | ||||||||||||
| 10,850,000 | g | CSC Holdings LLC | 5.500 | 04/15/27 | 11,295,935 | ||||||||||||
| 14,250,000 | g | CSC Holdings LLC | 7.500 | 04/01/28 | 15,401,075 | ||||||||||||
| 6,725,000 | g | CSC Holdings LLC | 5.750 | 01/15/30 | 6,837,476 | ||||||||||||
| 8,600,000 | g | CSC Holdings LLC | 4.625 | 12/01/30 | 8,152,585 | ||||||||||||
| 4,400,000 | g | CSC Holdings LLC | 3.375 | 02/15/31 | 4,092,000 | ||||||||||||
| 8,175,000 | g | Diamond Sports Group LLC | 5.375 | 08/15/26 | 5,395,500 | ||||||||||||
| 15,900,000 | g | DIRECTV Holdings LLC | 5.875 | 08/15/27 | 16,595,625 | ||||||||||||
| 8,500,000 | DISH DBS Corp | 7.750 | 07/01/26 | 9,598,412 | |||||||||||||
| 9,400,000 | DISH DBS Corp | 7.375 | 07/01/28 | 9,968,465 | |||||||||||||
| 10,125,000 | DISH DBS Corp | 5.125 | 06/01/29 | 9,920,374 | |||||||||||||
| 9,900,000 | g | Gray Television, Inc | 4.750 | 10/15/30 | 9,726,750 | ||||||||||||
| 3,225,000 | Lamar Media Corp | 3.750 | 02/15/28 | 3,317,171 | |||||||||||||
| 9,375,000 | Lamar Media Corp | 4.875 | 01/15/29 | 9,937,500 | |||||||||||||
| 14,650,000 | g | LCPR Senior Secured Financing DAC | 5.125 | 07/15/29 | 15,088,767 | ||||||||||||
| 6,117,000 | g | News Corp | 3.875 | 05/15/29 | 6,285,218 | ||||||||||||
| 8,640,000 | g | Premier Entertainment Sub LLC | 5.625 | 09/01/29 | 8,726,400 | ||||||||||||
| 8,640,000 | g | Premier Entertainment Sub LLC | 5.875 | 09/01/31 | 8,728,966 | ||||||||||||
| 7,100,000 | g | Sirius XM Radio, Inc | 3.125 | 09/01/26 | 7,197,625 | ||||||||||||
| 5,450,000 | g | Sirius XM Radio, Inc | 4.000 | 07/15/28 | 5,541,969 | ||||||||||||
| 12,425,000 | TEGNA, Inc | 4.625 | 03/15/28 | 12,702,699 | |||||||||||||
| 17,575,000 | g | Univision Communications, Inc | 4.500 | 05/01/29 | 17,860,594 | ||||||||||||
| 9,325,000 | g | Virgin Media Secured Finance plc | 5.500 | 05/15/29 | 9,828,550 | ||||||||||||
| TOTAL MEDIA & ENTERTAINMENT | 312,268,174 | ||||||||||||||||
| 323 |
TIAA-CREF FUNDS – High-Yield Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 4.0% | |||||||||||||||||
| $ | 10,795,000 | g | Avantor Funding, Inc | 4.625 | % | 07/15/28 | $ | 11,361,737 | |||||||||
| 15,000,000 | g | Bausch Health Cos, Inc | 5.000 | 01/30/28 | 14,230,800 | ||||||||||||
| 9,350,000 | g | Bausch Health Cos, Inc | 4.875 | 06/01/28 | 9,688,938 | ||||||||||||
| 10,000,000 | g | Bausch Health Cos, Inc | 5.250 | 01/30/30 | 9,325,000 | ||||||||||||
| 10,125,000 | g | Emergent BioSolutions, Inc | 3.875 | 08/15/28 | 9,846,563 | ||||||||||||
| 6,952,000 | g | Endo Luxembourg Finance Co I Sarl | 6.125 | 04/01/29 | 6,952,000 | ||||||||||||
| 5,000,000 | g | Horizon Pharma USA, Inc | 5.500 | 08/01/27 | 5,300,000 | ||||||||||||
| 5,700,000 | g | Jazz Securities DAC | 4.375 | 01/15/29 | 5,906,910 | ||||||||||||
| 20,725,000 | g | Organon Finance LLC | 4.125 | 04/30/28 | 21,139,500 | ||||||||||||
| 23,650,000 | g | Organon Finance LLC | 5.125 | 04/30/31 | 24,840,777 | ||||||||||||
| 8,000,000 | g | Par Pharmaceutical, Inc | 7.500 | 04/01/27 | 8,150,000 | ||||||||||||
| 4,750,000 | g | Valeant Pharmaceuticals International, Inc | 9.000 | 12/15/25 | 5,013,506 | ||||||||||||
| 4,750,000 | g | Valeant Pharmaceuticals International, Inc | 9.250 | 04/01/26 | 5,072,881 | ||||||||||||
| 8,235,000 | g | VRX Escrow Corp | 6.125 | 04/15/25 | 8,405,053 | ||||||||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 145,233,665 | ||||||||||||||||
| REAL ESTATE - 3.4% | |||||||||||||||||
| 8,925,000 | g | Cushman & Wakefield US Borrower LLC | 6.750 | 05/15/28 | 9,683,625 | ||||||||||||
| 6,250,000 | Diversified Healthcare Trust | 4.375 | 03/01/31 | 6,045,233 | |||||||||||||
| 7,250,000 | g | HAT Holdings I LLC | 6.000 | 04/15/25 | 7,576,250 | ||||||||||||
| 19,915,000 | g | HAT Holdings I LLC | 3.375 | 06/15/26 | 20,213,725 | ||||||||||||
| 4,776,000 | g | Howard Hughes Corp | 4.125 | 02/01/29 | 4,781,970 | ||||||||||||
| 5,099,000 | g | Howard Hughes Corp | 4.375 | 02/01/31 | 5,129,135 | ||||||||||||
| 12,000,000 | g | Hunt Cos, Inc | 5.250 | 04/15/29 | 11,760,000 | ||||||||||||
| 13,425,000 | g | Iron Mountain, Inc | 4.875 | 09/15/27 | 13,937,566 | ||||||||||||
| 12,050,000 | iStar, Inc | 4.750 | 10/01/24 | 12,742,875 | |||||||||||||
| 8,472,000 | Kennedy-Wilson, Inc | 4.750 | 03/01/29 | 8,620,260 | |||||||||||||
| 11,771,000 | Kennedy-Wilson, Inc | 5.000 | 03/01/31 | 12,035,848 | |||||||||||||
| 4,495,000 | g | RLJ Lodging Trust LP | 3.750 | 07/01/26 | 4,517,475 | ||||||||||||
| 7,635,000 | g | Uniti Group LP | 4.750 | 04/15/28 | 7,797,244 | ||||||||||||
| TOTAL REAL ESTATE | 124,841,206 | ||||||||||||||||
| RETAILING - 1.9% | |||||||||||||||||
| 7,050,000 | g | Group 1 Automotive, Inc | 4.000 | 08/15/28 | 7,173,375 | ||||||||||||
| 6,650,000 | L Brands, Inc | 5.250 | 02/01/28 | 7,334,950 | |||||||||||||
| 7,250,000 | g | L Brands, Inc | 6.625 | 10/01/30 | 8,228,750 | ||||||||||||
| 490,000 | g | LCM Investments Holdings II LLC | 4.875 | 05/01/29 | 502,774 | ||||||||||||
| 8,830,000 | g | Lithia Motors, Inc | 4.625 | 12/15/27 | 9,293,575 | ||||||||||||
| 17,587,000 | g | Magic Mergeco, Inc | 5.250 | 05/01/28 | 18,140,991 | ||||||||||||
| 5,000,000 | g | Magic Mergeco, Inc | 7.875 | 05/01/29 | 5,196,125 | ||||||||||||
| 15,000,000 | g | Staples, Inc | 7.500 | 04/15/26 | 15,213,375 | ||||||||||||
| TOTAL RETAILING | 71,083,915 | ||||||||||||||||
| SOFTWARE & SERVICES - 0.8% | |||||||||||||||||
| 6,150,000 | g | Camelot Finance S.A. | 4.500 | 11/01/26 | 6,388,312 | ||||||||||||
| 7,175,000 | g | Clarivate Science Holdings Corp | 3.875 | 07/01/28 | 7,175,000 | ||||||||||||
| 6,525,000 | g | j2 Global, Inc | 4.625 | 10/15/30 | 6,932,813 | ||||||||||||
| 8,250,000 | g | Rackspace Technology Global, Inc | 3.500 | 02/15/28 | 7,963,065 | ||||||||||||
| TOTAL SOFTWARE & SERVICES | 28,459,190 | ||||||||||||||||
| 324 |
TIAA-CREF FUNDS – High-Yield Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 2.7% | |||||||||||||||||
| $ | 10,700,000 | g | Ahead DB Holdings LLC | 6.625 | % | 05/01/28 | $ | 10,780,250 | |||||||||
| 9,175,000 | e | Diebold Nixdorf, Inc | 8.500 | 04/15/24 | 9,369,969 | ||||||||||||
| 9,150,000 | g | Diebold Nixdorf, Inc | 9.375 | 07/15/25 | 10,013,577 | ||||||||||||
| 53,520,000 | g | Imola Merger Corp | 4.750 | 05/15/29 | 55,367,435 | ||||||||||||
| 5,725,000 | g | NCR Corp | 5.000 | 10/01/28 | 5,849,862 | ||||||||||||
| 5,761,000 | g | Viasat, Inc | 5.625 | 09/15/25 | 5,838,383 | ||||||||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 97,219,476 | ||||||||||||||||
| TELECOMMUNICATION SERVICES - 3.9% | |||||||||||||||||
| 4,023,000 | g | Altice France S.A. | 7.375 | 05/01/26 | 4,174,265 | ||||||||||||
| 8,675,000 | g | Altice France S.A. | 8.125 | 02/01/27 | 9,334,300 | ||||||||||||
| 23,000,000 | g | Altice France S.A. | 5.125 | 07/15/29 | 22,550,925 | ||||||||||||
| 9,160,000 | g,h | Altice France S.A. | 5.500 | 10/15/29 | 9,067,324 | ||||||||||||
| 20,775,000 | g | Avaya, Inc | 6.125 | 09/15/28 | 21,844,289 | ||||||||||||
| 11,125,000 | g | Cogent Communications Group, Inc | 3.500 | 05/01/26 | 11,277,969 | ||||||||||||
| 6,825,000 | g | Level 3 Financing, Inc | 4.250 | 07/01/28 | 6,877,757 | ||||||||||||
| 10,450,000 | Sprint Corp | 7.625 | 02/15/25 | 12,215,841 | |||||||||||||
| 9,500,000 | Sprint Corp | 7.625 | 03/01/26 | 11,511,387 | |||||||||||||
| 4,475,000 | g | Switch Ltd | 4.125 | 06/15/29 | 4,592,469 | ||||||||||||
| 20,315,000 | g | Vmed O2 UK Financing I plc | 4.750 | 07/15/31 | 20,755,429 | ||||||||||||
| 10,600,000 | g | Zayo Group Holdings, Inc | 4.000 | 03/01/27 | 10,549,438 | ||||||||||||
| TOTAL TELECOMMUNICATION SERVICES | 144,751,393 | ||||||||||||||||
| TRANSPORTATION - 1.2% | |||||||||||||||||
| 4,025,000 | g | Air Canada | 3.875 | 08/15/26 | 4,061,426 | ||||||||||||
| 11,950,000 | g | Cargo Aircraft Management, Inc | 4.750 | 02/01/28 | 12,356,300 | ||||||||||||
| 7,115,000 | g | First Student Bidco, Inc | 4.000 | 07/31/29 | 7,017,169 | ||||||||||||
| 1,800,000 | g | Meccanica Holdings USA, Inc | 7.375 | 07/15/39 | 2,340,000 | ||||||||||||
| 9,450,000 | g | Mileage Plus Holdings LLC | 6.500 | 06/20/27 | 10,276,119 | ||||||||||||
| 3,550,000 | g | United Airlines, Inc | 4.375 | 04/15/26 | 3,643,187 | ||||||||||||
| 3,550,000 | g | United Airlines, Inc | 4.625 | 04/15/29 | 3,668,748 | ||||||||||||
| TOTAL TRANSPORTATION | 43,362,949 | ||||||||||||||||
| UTILITIES - 1.6% | |||||||||||||||||
| 6,474,000 | g | Calpine Corp | 5.250 | 06/01/26 | 6,659,998 | ||||||||||||
| 7,400,000 | g | Clearway Energy Operating LLC | 4.750 | 03/15/28 | 7,833,640 | ||||||||||||
| 5,100,000 | g | Clearway Energy Operating LLC | 3.750 | 01/15/32 | 5,093,625 | ||||||||||||
| 10,000,000 | Edison International | 5.375 | N/A‡ | 10,340,500 | |||||||||||||
| 5,750,000 | g | NextEra Energy Operating Partners LP | 4.250 | 07/15/24 | 6,087,813 | ||||||||||||
| 482,000 | g | NextEra Energy Operating Partners LP | 4.250 | 09/15/24 | 508,510 | ||||||||||||
| 10,000,000 | g | TerraForm Power Operating LLC | 5.000 | 01/31/28 | 10,737,500 | ||||||||||||
| 12,480,000 | g | TerraForm Power Operating LLC | 4.750 | 01/15/30 | 13,057,200 | ||||||||||||
| TOTAL UTILITIES | 60,318,786 | ||||||||||||||||
| TOTAL CORPORATE BONDS | 2,987,224,137 | ||||||||||||||||
| (Cost $2,881,868,330) | |||||||||||||||||
| TOTAL BONDS | 2,987,224,137 | ||||||||||||||||
| (Cost $2,881,868,330) | |||||||||||||||||
| 325 |
TIAA-CREF FUNDS – High-Yield Fund
| SHARES | COMPANY | RATE | MATURITY DATE | VALUE | |||||||||||||
| COMMON STOCKS - 0.0% | |||||||||||||||||
| ENERGY - 0.0% | |||||||||||||||||
| 7,963 | *,† | Cloud Peak Energy, Inc | $ | 79 | |||||||||||||
| TOTAL ENERGY | 79 | ||||||||||||||||
| TOTAL COMMON STOCKS | 79 | ||||||||||||||||
| (Cost $0) | |||||||||||||||||
| RIGHTS / WARRANTS - 0.0% | |||||||||||||||||
| ENERGY - 0.0% | |||||||||||||||||
| 1,264,286 | † | Spectacle Bidco Holding, Inc | 12,643 | ||||||||||||||
| TOTAL ENERGY | 12,643 | ||||||||||||||||
| TOTAL RIGHTS / WARRANTS | 12,643 | ||||||||||||||||
| (Cost $13,191,909) | |||||||||||||||||
| PRINCIPAL | ISSUER | ||||||||||||||||
| SHORT-TERM INVESTMENTS - 7.0% | |||||||||||||||||
| GOVERNMENT AGENCY DEBT - 4.5% | |||||||||||||||||
| $ | 17,840,000 | Federal Home Loan Bank (FHLB) | 0.000 | % | 10/15/21 | 17,839,861 | |||||||||||
| 48,000,000 | FHLB | 0.000 | 10/20/21 | 47,999,494 | |||||||||||||
| 29,530,000 | FHLB | 0.000 | 10/22/21 | 29,529,655 | |||||||||||||
| 5,583,000 | FHLB | 0.000 | 10/25/21 | 5,582,926 | |||||||||||||
| 37,680,000 | FHLB | 0.000 | 10/27/21 | 37,679,456 | |||||||||||||
| 10,000,000 | FHLB | 0.000 | 11/05/21 | 9,999,611 | |||||||||||||
| 9,038,000 | FHLB | 0.000 | 11/10/21 | 9,037,599 | |||||||||||||
| 9,381,000 | Tennessee Valley Authority (TVA) | 0.000 | 10/06/21 | 9,380,974 | |||||||||||||
| TOTAL GOVERNMENT AGENCY DEBT | 167,049,576 | ||||||||||||||||
| REPURCHASE AGREEMENT - 1.7% | |||||||||||||||||
| 61,460,000 | r | Fixed Income Clearing Corp (FICC) | 0.010 | 10/01/21 | 61,460,000 | ||||||||||||
| TOTAL REPURCHASE AGREEMENT | 61,460,000 | ||||||||||||||||
| SHARES | COMPANY | ||||||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.8% | |||||||||||||||||
| 28,424,688 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.030 | 28,424,688 | |||||||||||||
| TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 28,424,688 | ||||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | 256,934,264 | ||||||||||||||||
| (Cost $256,933,330) | |||||||||||||||||
| TOTAL INVESTMENTS - 102.1% | 3,747,728,205 | ||||||||||||||||
| (Cost $3,653,033,435) | |||||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - (2.1)% | (75,859,810 | ) | |||||||||||||||
| NET ASSETS - 100.0% | $ | 3,671,868,395 | |||||||||||||||
| Abbreviation(s): | |||
| LIBOR | London Interbank Offered Rate | ||
| M | Month | ||
| 326 |
TIAA-CREF FUNDS – High-Yield Fund
| * | Non-income producing | |
| † | Security is categorized as Level 3 in the fair value hierarchy. | |
| ‡ | Perpetual security | |
| 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 $28,417,544. | |
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/2021, the aggregate value of these securities is $2,174,522,520 or 59.2% of net assets. | |
| h | All or a portion of 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. | |
| o | Payment in Kind Bond | |
| r | Agreement with Fixed Income Clearing Corp (FICC), 0.010% dated 9/30/21 to be repurchased at $61,460,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $62,689,289. |
| 327 |
TIAA-CREF FUNDS – Inflation-Linked Bond Fund
TIAA-CREF FUNDS
INFLATION-LINKED BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
September 30, 2021
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| BONDS - 99.3% | |||||||||||||||||
| GOVERNMENT BONDS - 99.3% | |||||||||||||||||
| AGENCY SECURITIES - 0.4% | |||||||||||||||||
| $ | 1,626,707 | HNA LLC | 2.369 | % | 09/18/27 | $ | 1,700,436 | ||||||||||
| 8,600,000 | Montefiore Medical Center | 2.895 | 04/20/32 | 9,342,073 | |||||||||||||
| 2,960,526 | Reliance Industries Ltd | 2.444 | 01/15/26 | 3,072,456 | |||||||||||||
| TOTAL AGENCY SECURITIES | 14,114,965 | ||||||||||||||||
| MORTGAGE BACKED - 2.5% | |||||||||||||||||
| 10,238,506 | Government National Mortgage Association (GNMA) | 3.600 | 09/15/31 | 10,801,930 | |||||||||||||
| 5,210,081 | GNMA | 3.700 | 10/15/33 | 5,569,862 | |||||||||||||
| 1,516,594 | GNMA | 3.380 | 07/15/35 | 1,601,732 | |||||||||||||
| 1,438,529 | GNMA | 3.870 | 10/15/36 | 1,545,539 | |||||||||||||
| 5,222,224 | GNMA | 3.940 | 03/15/37 | 5,618,695 | |||||||||||||
| 19,269,253 | GNMA | 1.730 | 07/15/37 | 19,319,446 | |||||||||||||
| 21,924,692 | GNMA | 4.250 | 09/15/38 | 23,519,531 | |||||||||||||
| 13,603,581 | GNMA | 1.650 | 07/15/42 | 13,399,109 | |||||||||||||
| 13,355,164 | GNMA | 2.750 | 01/15/45 | 14,220,818 | |||||||||||||
| TOTAL MORTGAGE BACKED | 95,596,662 | ||||||||||||||||
| U.S. TREASURY SECURITIES - 96.4% | |||||||||||||||||
| 88,020,116 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 07/15/22 | 90,140,393 | ||||||||||||
| 148,947,494 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 01/15/23 | 153,984,168 | ||||||||||||
| 133,163,057 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 04/15/23 | 139,335,720 | ||||||||||||
| 140,036,326 | k | United States Treasury Inflation Indexed Bonds | 0.375 | 07/15/23 | 147,530,457 | ||||||||||||
| 167,631,053 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 01/15/24 | 178,847,927 | ||||||||||||
| 62,793,020 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 04/15/24 | 67,058,530 | ||||||||||||
| 155,400,969 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 07/15/24 | 165,902,675 | ||||||||||||
| 95,526,730 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 10/15/24 | 102,191,211 | ||||||||||||
| 127,610,142 | k | United States Treasury Inflation Indexed Bonds | 0.250 | 01/15/25 | 137,096,162 | ||||||||||||
| 116,491,745 | k | United States Treasury Inflation Indexed Bonds | 2.375 | 01/15/25 | 133,718,265 | ||||||||||||
| 32,810,185 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 04/15/25 | 35,197,895 | ||||||||||||
| 151,898,321 | k | United States Treasury Inflation Indexed Bonds | 0.375 | 07/15/25 | 165,745,198 | ||||||||||||
| 118,174,876 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 10/15/25 | 127,867,370 | ||||||||||||
| 164,433,736 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 01/15/26 | 181,487,314 | ||||||||||||
| 54,473,895 | k | United States Treasury Inflation Indexed Bonds | 2.000 | 01/15/26 | 63,524,505 | ||||||||||||
| 39,337,923 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 04/15/26 | 42,583,814 | ||||||||||||
| 107,740,440 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 07/15/26 | 117,528,266 | ||||||||||||
| 123,656,162 | k | United States Treasury Inflation Indexed Bonds | 0.375 | 01/15/27 | 136,516,081 | ||||||||||||
| 51,133,386 | k | United States Treasury Inflation Indexed Bonds | 2.375 | 01/15/27 | 62,203,964 | ||||||||||||
| 99,128,762 | k | United States Treasury Inflation Indexed Bonds | 0.375 | 07/15/27 | 110,269,131 | ||||||||||||
| 141,958,189 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 01/15/28 | 158,924,781 | ||||||||||||
| 75,002,905 | k | United States Treasury Inflation Indexed Bonds | 1.750 | 01/15/28 | 90,244,706 | ||||||||||||
| 58,697,638 | k | United States Treasury Inflation Indexed Bonds | 3.625 | 04/15/28 | 78,472,551 | ||||||||||||
| 328 |
TIAA-CREF FUNDS – Inflation-Linked Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 76,924,852 | k | United States Treasury Inflation Indexed Bonds | 0.750 | % | 07/15/28 | $ | 88,073,948 | |||||||||
| 93,750,378 | k | United States Treasury Inflation Indexed Bonds | 0.875 | 01/15/29 | 108,314,646 | ||||||||||||
| 46,639,093 | k | United States Treasury Inflation Indexed Bonds | 2.500 | 01/15/29 | 59,733,262 | ||||||||||||
| 77,930,542 | k | United States Treasury Inflation Indexed Bonds | 3.875 | 04/15/29 | 108,695,856 | ||||||||||||
| 55,991,689 | k | United States Treasury Inflation Indexed Bonds | 0.250 | 07/15/29 | 62,288,566 | ||||||||||||
| 62,772,151 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 01/15/30 | 68,958,641 | ||||||||||||
| 111,270,463 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 07/15/30 | 122,704,662 | ||||||||||||
| 81,788,460 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 01/15/31 | 89,759,640 | ||||||||||||
| 37,987,439 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 07/15/31 | 41,828,226 | ||||||||||||
| 105,674,387 | k | United States Treasury Inflation Indexed Bonds | 3.375 | 04/15/32 | 154,612,085 | ||||||||||||
| 10,484,300 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 02/15/51 | 11,483,039 | ||||||||||||
| TOTAL U.S. TREASURY SECURITIES | 3,602,823,655 | ||||||||||||||||
| TOTAL GOVERNMENT BONDS | 3,712,535,282 | ||||||||||||||||
| (Cost $3,461,112,494) | |||||||||||||||||
| TOTAL BONDS | 3,712,535,282 | ||||||||||||||||
| (Cost $3,461,112,494) | |||||||||||||||||
| SHORT-TERM INVESTMENTS - 0.6% | |||||||||||||||||
| GOVERNMENT AGENCY DEBT - 0.2% | |||||||||||||||||
| 3,920,000 | Federal Home Loan Bank (FHLB) | 0.000 | 10/27/21 | 3,919,943 | |||||||||||||
| 5,177,000 | Tennessee Valley Authority (TVA) | 0.000 | 10/06/21 | 5,176,986 | |||||||||||||
| TOTAL GOVERNMENT AGENCY DEBT | 9,096,929 | ||||||||||||||||
| REPURCHASE AGREEMENT - 0.4% | |||||||||||||||||
| 12,885,000 | r | Fixed Income Clearing Corp (FICC) | 0.010 | 10/01/21 | 12,885,000 | ||||||||||||
| TOTAL REPURCHASE AGREEMENT | 12,885,000 | ||||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | 21,981,929 | ||||||||||||||||
| (Cost $21,981,870) | |||||||||||||||||
| TOTAL INVESTMENTS - 99.9% | 3,734,517,211 | ||||||||||||||||
| (Cost $3,483,094,364) | |||||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - 0.1% | 3,726,789 | ||||||||||||||||
| NET ASSETS - 100.0% | $ | 3,738,244,000 | |||||||||||||||
| k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. | ||
| r | Agreement with Fixed Income Clearing Corp (FICC), 0.010% dated 9/30/21 to be repurchased at $12,885,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $13,142,759. | ||
| 329 |
TIAA-CREF FUNDS – Inflation-Linked Bond Fund
Futures contracts outstanding as of September 30, 2021 were as follows:
| Description | Number of long (short) contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation) | |||||||||||||
| US Ultra Bond (CBT) | (50 | ) | 12/21/21 | $ | (9,801,858 | ) | $ | (9,553,125 | ) | $ | 248,733 | |||||||
| 330 |
TIAA-CREF FUNDS – Short Duration Impact Bond Fund
TIAA-CREF FUNDS
SHORT DURATION IMPACT BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
September 30, 2021
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| BANK LOAN OBLIGATIONS - 2.7% | |||||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 1.4% | |||||||||||||||||
| $ | 500,000 | i | LTR Intermediate Holdings, Inc | LIBOR 1 M + 4.500% | 5.500 | % | 05/05/28 | $ | 498,750 | ||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 498,750 | ||||||||||||||||
| UTILITIES - 1.3% | |||||||||||||||||
| 488,748 | i | Exgen Renewables IV LLC | LIBOR 3 M + 2.500% | 3.500 | 12/15/27 | 488,137 | |||||||||||
| TOTAL UTILITIES | 488,137 | ||||||||||||||||
| TOTAL BANK LOAN OBLIGATIONS | 986,887 | ||||||||||||||||
| (Cost $981,541) | |||||||||||||||||
| BONDS - 92.5% | |||||||||||||||||
| CORPORATE BONDS - 39.1% | |||||||||||||||||
| AUTOMOBILES & COMPONENTS - 1.6% | |||||||||||||||||
| 250,000 | g | Denso Corp | 1.239 | 09/16/26 | 248,179 | ||||||||||||
| 350,000 | g | Hyundai Capital Services, Inc | 1.250 | 02/08/26 | 344,612 | ||||||||||||
| TOTAL AUTOMOBILES & COMPONENTS | 592,791 | ||||||||||||||||
| BANKS - 11.0% | |||||||||||||||||
| 250,000 | Bank of America Corp | 0.981 | 09/25/25 | 250,345 | |||||||||||||
| 250,000 | i | Bank of America Corp | SOFR + 0.970% | 1.020 | 07/22/27 | 254,790 | |||||||||||
| 250,000 | Citigroup, Inc | 1.678 | 05/15/24 | 254,863 | |||||||||||||
| 250,000 | Citigroup, Inc | 0.776 | 10/30/24 | 250,959 | |||||||||||||
| 500,000 | i | Citigroup, Inc | LIBOR 3 M + 1.250% | 1.381 | 07/01/26 | 515,846 | |||||||||||
| 500,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 514,176 | |||||||||||||
| 225,000 | JPMorgan Chase & Co | 0.563 | 02/16/25 | 224,066 | |||||||||||||
| 250,000 | Lloyds Banking Group plc | 4.500 | 11/04/24 | 274,526 | |||||||||||||
| 250,000 | NatWest Group plc | 2.359 | 05/22/24 | 256,533 | |||||||||||||
| 300,000 | g,i | UBS AG. | SOFR + 0.450% | 0.500 | 08/09/24 | 302,220 | |||||||||||
| 500,000 | g,i | UniCredit S.p.A | LIBOR 3 M + 3.900% | 4.033 | 01/14/22 | 504,713 | |||||||||||
| 400,000 | g | USAA Capital Corp | 1.500 | 05/01/23 | 407,024 | ||||||||||||
| TOTAL BANKS | 4,010,061 | ||||||||||||||||
| CAPITAL GOODS - 0.7% | |||||||||||||||||
| 250,000 | g,i | Siemens Financieringsmaatschappij NV | SOFR + 0.430% | 0.480 | 03/11/24 | 252,115 | |||||||||||
| TOTAL CAPITAL GOODS | 252,115 | ||||||||||||||||
| CONSUMER SERVICES - 2.2% | |||||||||||||||||
| 550,000 | Nature Conservancy | 0.467 | 07/01/23 | 546,804 | |||||||||||||
| 260,000 | i | Nature Conservancy | LIBOR 3 M + 1.080% | 1.206 | 02/01/24 | 261,210 | |||||||||||
| TOTAL CONSUMER SERVICES | 808,014 | ||||||||||||||||
| 331 |
TIAA-CREF FUNDS – Short Duration Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| DIVERSIFIED FINANCIALS - 6.9% | |||||||||||||||||
| $ | 250,000 | Century Housing Corp | 3.995 | % | 11/01/21 | $ | 249,983 | ||||||||||
| 250,000 | Goldman Sachs Group, Inc | 0.855 | 02/12/26 | 247,592 | |||||||||||||
| 500,000 | Morgan Stanley | 0.791 | 01/22/25 | 499,978 | |||||||||||||
| 250,000 | Morgan Stanley | 0.985 | 12/10/26 | 245,560 | |||||||||||||
| 260,000 | g | NongHyup Bank | 1.250 | 07/20/25 | 258,864 | ||||||||||||
| 250,000 | Reinvestment Fund, Inc | 3.477 | 02/15/23 | 256,350 | |||||||||||||
| 250,000 | Unilever Capital Corp | 0.626 | 08/12/24 | 250,396 | |||||||||||||
| 250,000 | g | WLB Asset II B Pte Ltd | 3.950 | 12/10/24 | 249,380 | ||||||||||||
| 250,000 | g | WLB Asset II Pte Ltd | 4.000 | 01/14/24 | 253,806 | ||||||||||||
| TOTAL DIVERSIFIED FINANCIALS | 2,511,909 | ||||||||||||||||
| ENERGY - 2.0% | |||||||||||||||||
| 250,000 | g | Aker BP ASA | 2.875 | 01/15/26 | 264,212 | ||||||||||||
| 150,000 | EQT Corp | 6.625 | 02/01/25 | 171,683 | |||||||||||||
| 270,000 | g | Sunnova Energy Corp | 5.875 | 09/01/26 | 275,063 | ||||||||||||
| TOTAL ENERGY | 710,958 | ||||||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 3.0% | |||||||||||||||||
| 1,075,000 | g,i | Roche Holdings, Inc | SOFR + 0.240% | 0.290 | 03/05/24 | 1,077,556 | |||||||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 1,077,556 | ||||||||||||||||
| REAL ESTATE - 1.5% | |||||||||||||||||
| 300,000 | Federal Realty Investment Trust | 1.250 | 02/15/26 | 297,426 | |||||||||||||
| 250,000 | g | HAT Holdings I LLC | 3.375 | 06/15/26 | 253,750 | ||||||||||||
| TOTAL REAL ESTATE | 551,176 | ||||||||||||||||
| TELECOMMUNICATION SERVICES - 0.7% | |||||||||||||||||
| 250,000 | i | Verizon Communications, Inc | SOFR + 0.790% | 0.840 | 03/20/26 | 254,230 | |||||||||||
| TOTAL TELECOMMUNICATION SERVICES | 254,230 | ||||||||||||||||
| TRANSPORTATION - 1.3% | |||||||||||||||||
| 235,052 | Delta Air Lines, Inc | 2.000 | 06/10/28 | 233,834 | |||||||||||||
| 272,892 | Delta Air Lines, Inc | 2.500 | 06/10/28 | 274,275 | |||||||||||||
| TOTAL TRANSPORTATION | 508,109 | ||||||||||||||||
| UTILITIES - 8.2% | |||||||||||||||||
| 300,000 | AES Corp | 1.375 | 01/15/26 | 296,062 | |||||||||||||
| 250,000 | i | Atmos Energy Corp | LIBOR 3 M + 0.380% | 0.496 | 03/09/23 | 250,034 | |||||||||||
| 300,000 | Avangrid, Inc | 3.200 | 04/15/25 | 319,509 | |||||||||||||
| 600,000 | i | CenterPoint Energy Resources Corp | LIBOR 3 M + 0.500% | 0.620 | 03/02/23 | 600,095 | |||||||||||
| 250,000 | g | Hanwha Energy USA Holdings Corp | 2.375 | 07/30/22 | 253,478 | ||||||||||||
| 300,000 | g | India Cleantech Energy | 4.700 | 08/10/26 | 303,597 | ||||||||||||
| 300,000 | g | Korea Hydro & Nuclear Power Co Ltd | 3.750 | 07/25/23 | 317,176 | ||||||||||||
| 300,000 | National Fuel Gas Co | 5.500 | 01/15/26 | 345,555 | |||||||||||||
| 300,000 | OGE Energy Corp | 0.703 | 05/26/23 | 300,025 | |||||||||||||
| TOTAL UTILITIES | 2,985,531 | ||||||||||||||||
| TOTAL CORPORATE BONDS | 14,262,450 | ||||||||||||||||
| (Cost $14,069,239) | |||||||||||||||||
| 332 |
TIAA-CREF FUNDS – Short Duration Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| GOVERNMENT BONDS - 33.7% | |||||||||||||||||
| AGENCY SECURITIES - 5.9% | |||||||||||||||||
| $ | 250,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.375 | % | 05/05/23 | $ | 250,497 | ||||||||||
| 250,000 | FHLMC | 1.500 | 02/12/25 | 257,203 | |||||||||||||
| 500,000 | Federal National Mortgage Association (FNMA) | 0.250 | 07/10/23 | 499,882 | |||||||||||||
| 231,987 | Overseas Private Investment Corp (OPIC) | 1.790 | 10/15/29 | 238,879 | |||||||||||||
| 240,280 | † | Thirax LLC | 0.968 | 01/14/33 | 236,622 | ||||||||||||
| 231,987 | United States International Development Finance Corp | 1.050 | 10/15/29 | 231,641 | |||||||||||||
| 250,000 | US Department of Housing and Urban Development (HUD) | 2.618 | 08/01/23 | 259,911 | |||||||||||||
| 169,709 | i | Washington Aircraft 2 Co Ltd | LIBOR 3 M + 0.430% | 0.562 | 06/26/24 | 169,991 | |||||||||||
| TOTAL AGENCY SECURITIES | 2,144,626 | ||||||||||||||||
| FOREIGN GOVERNMENT BONDS - 7.7% | |||||||||||||||||
| 250,000 | g | BNG Bank NV | 3.125 | 11/08/21 | 250,709 | ||||||||||||
| 500,000 | g | European Stability Mechanism | 1.375 | 09/11/24 | 511,086 | ||||||||||||
| 250,000 | International Bank for Reconstruction & Development | 0.625 | 04/22/25 | 249,159 | |||||||||||||
| 500,000 | g | International Development Association | 2.750 | 04/24/23 | 519,089 | ||||||||||||
| 235,000 | g | Korea Electric Power Corp | 1.125 | 06/15/25 | 233,738 | ||||||||||||
| 250,000 | Kreditanstalt fuer Wiederaufbau | 2.000 | 11/30/21 | 250,748 | |||||||||||||
| 250,000 | g | Nederlandse Waterschapsbank NV | 1.750 | 01/15/25 | 258,523 | ||||||||||||
| 500,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.750 | 03/01/23 | 521,460 | ||||||||||||
| TOTAL FOREIGN GOVERNMENT BONDS | 2,794,512 | ||||||||||||||||
| MORTGAGE BACKED - 0.3% | |||||||||||||||||
| 71,059 | Federal National Mortgage Association (FNMA) | 2.500 | 08/01/36 | 74,044 | |||||||||||||
| 42,539 | Government National Mortgage Association (GNMA) | 4.000 | 12/20/44 | 46,455 | |||||||||||||
| TOTAL MORTGAGE BACKED | 120,499 | ||||||||||||||||
| MUNICIPAL BONDS - 7.3% | |||||||||||||||||
| 90,000 | g | California Municipal Finance Authority | 4.250 | 11/01/23 | 90,252 | ||||||||||||
| 700,000 | City of Detroit MI | 1.817 | 04/01/22 | 702,235 | |||||||||||||
| 200,000 | City of Detroit MI | 2.189 | 04/01/24 | 201,428 | |||||||||||||
| 150,000 | i | Connecticut Housing Finance Authority | SOFR + 0.650% | 0.700 | 05/15/49 | 150,030 | |||||||||||
| 95,000 | County of Saline AR | 3.550 | 06/01/42 | 97,421 | |||||||||||||
| 120,000 | Grant County Public Utility District No 2 Priest Rapids Hydroelectric Project | 1.794 | 01/01/22 | 120,447 | |||||||||||||
| 650,000 | Morris County Improvement Authority | 0.468 | 06/15/23 | 651,681 | |||||||||||||
| 330,000 | New York State Energy Research & Development Authority | 1.624 | 10/01/22 | 330,452 | |||||||||||||
| 125,000 | New York Transportation Development Corp | 1.360 | 12/01/21 | 125,179 | |||||||||||||
| 200,000 | g | Warm Springs Reservation Confederated Tribe | 3.050 | 11/01/24 | 205,787 | ||||||||||||
| TOTAL MUNICIPAL BONDS | 2,674,912 | ||||||||||||||||
| U.S. TREASURY SECURITIES - 12.5% | |||||||||||||||||
| 285,000 | United States Treasury Note | 1.625 | 12/31/21 | 286,111 | |||||||||||||
| 860,000 | United States Treasury Note | 0.125 | 06/30/22 | 860,269 | |||||||||||||
| 835,000 | United States Treasury Note | 0.125 | 10/31/22 | 835,098 | |||||||||||||
| 1,500,000 | United States Treasury Note | 2.625 | 12/31/23 | 1,576,348 | |||||||||||||
| 995,000 | United States Treasury Note | 0.375 | 09/15/24 | 990,724 | |||||||||||||
| TOTAL U.S. TREASURY SECURITIES | 4,548,550 | ||||||||||||||||
| TOTAL GOVERNMENT BONDS | 12,283,099 | ||||||||||||||||
| (Cost $12,105,293) | |||||||||||||||||
| 333 |
TIAA-CREF FUNDS – Short Duration Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| STRUCTURED ASSETS - 19.7% | |||||||||||||||||
| ASSET BACKED - 16.6% | |||||||||||||||||
| $ | 350,000 | g | GoodLeap Sustainable Home Solutions Trust | 1.930 | % | 07/20/48 | $ | 347,031 | |||||||||
| Series - 2021 4GS (Class A) | |||||||||||||||||
| 156,463 | g | HERO Funding Trust | 4.050 | 09/20/41 | 163,686 | ||||||||||||
| Series - 2016 1A (Class A) | |||||||||||||||||
| 244,577 | g | HERO Funding Trust | 3.910 | 09/20/42 | 252,228 | ||||||||||||
| Series - 2016 3A (Class A2) | |||||||||||||||||
| 177,204 | g | HERO Funding Trust | 2.720 | 09/20/57 | 180,250 | ||||||||||||
| Series - 2020 1A (Class A) | |||||||||||||||||
| 171,067 | g | Mosaic Solar Loan Trust | 2.100 | 04/20/46 | 173,255 | ||||||||||||
| Series - 2020 1A (Class A) | |||||||||||||||||
| 389,270 | g | Mosaic Solar Loan Trust | 1.440 | 08/20/46 | 383,663 | ||||||||||||
| Series - 2020 2A (Class A) | |||||||||||||||||
| 420,000 | g | Mosaic Solar Loan Trust | 1.440 | 06/20/52 | 411,049 | ||||||||||||
| Series - 2021 3A (Class A) | |||||||||||||||||
| 37,872 | g | Renew | 3.670 | 09/20/52 | 39,649 | ||||||||||||
| Series - 2017 1A (Class A) | |||||||||||||||||
| 59,105 | g | SolarCity LMC | 4.800 | 09/20/48 | 60,117 | ||||||||||||
| Series - 2016 A (Class A) | |||||||||||||||||
| 477,701 | g | Sunrun Atlas Issuer LLC | 3.610 | 02/01/55 | 507,334 | ||||||||||||
| Series - 2019 2 (Class A) | |||||||||||||||||
| 410,547 | g | Sunrun Callisto Issuer LLC | 3.980 | 06/30/54 | 438,347 | ||||||||||||
| Series - 2019 1A (Class A) | |||||||||||||||||
| 320,000 | g | Sunrun Callisto Issuer LLC | 2.270 | 01/30/57 | 319,877 | ||||||||||||
| Series - 2021 2A (Class A) | |||||||||||||||||
| 44,421 | g | Tesla Auto Lease Trust | 2.130 | 04/20/22 | 44,527 | ||||||||||||
| Series - 2019 A (Class A2) | |||||||||||||||||
| 250,000 | g | Tesla Auto Lease Trust | 2.200 | 11/21/22 | 253,889 | ||||||||||||
| Series - 2019 A (Class A4) | |||||||||||||||||
| 250,000 | g | Tesla Auto Lease Trust | 0.560 | 03/20/25 | 250,509 | ||||||||||||
| Series - 2021 A (Class A3) | |||||||||||||||||
| 600,000 | g | Tesla Auto Lease Trust | 0.600 | 09/22/25 | 598,873 | ||||||||||||
| Series - 2021 B (Class A3) | |||||||||||||||||
| 1,000,000 | Toyota Auto Receivables Owner Trust | 0.140 | 01/16/24 | 999,467 | |||||||||||||
| Series - 2021 B (Class A2) | |||||||||||||||||
| 576,817 | g | Vivint Colar Financing V LLC | 7.370 | 04/30/48 | 610,129 | ||||||||||||
| Series - 2018 1A (Class B) | |||||||||||||||||
| TOTAL ASSET BACKED | 6,033,880 | ||||||||||||||||
| OTHER MORTGAGE BACKED - 3.1% | |||||||||||||||||
| 250,000 | g,i | Alen Mortgage Trust | LIBOR 1 M + 2.250% | 2.334 | 04/15/34 | 250,627 | |||||||||||
| Series - 2021 ACEN (Class C) | |||||||||||||||||
| 38,221 | i | Connecticut Avenue Securities | LIBOR 1 M + 3.000% | 3.086 | 07/25/24 | 38,882 | |||||||||||
| Series - 2014 C03 (Class 1M2) | |||||||||||||||||
| 42,449 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.286 | 01/25/30 | 43,379 | |||||||||||
| Series - 2017 C05 (Class 1M2) | |||||||||||||||||
| 30,000 | g,i | Freddie Mac STACR REMIC Trust | 1.700 | 01/25/34 | 30,245 | ||||||||||||
| Series - 2021 DNA5 (Class M2) | |||||||||||||||||
| 334 |
TIAA-CREF FUNDS – Short Duration Impact Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 187,023 | GS Mortgage Securities Trust | 2.922 | % | 05/10/49 | $ | 195,171 | ||||||||||
| Series - 2016 GS2 (Class AAB) | |||||||||||||||||
| 250,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 1.500% | 1.584 | 07/15/36 | 249,926 | |||||||||||
| Series - 2019 MILE (Class A) | |||||||||||||||||
| 250,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 4.250% | 4.334 | 07/15/36 | 248,463 | |||||||||||
| Series - 2019 MILE (Class F) | |||||||||||||||||
| 23,197 | g,i | OBX Trust | LIBOR 1 M + 0.650% | 0.736 | 06/25/57 | 23,202 | |||||||||||
| Series - 2018 1 (Class A2) | |||||||||||||||||
| 5,596 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/50 | 5,603 | ||||||||||||
| Series - 2020 1 (Class A4) | |||||||||||||||||
| 29,798 | i | Structured Agency Credit Risk Debt Note (STACR) | LIBOR 1 M + 1.200% | 1.286 | 10/25/29 | 29,808 | |||||||||||
| Series - 2017 DNA2 (Class M1) | |||||||||||||||||
| TOTAL OTHER MORTGAGE BACKED | 1,115,306 | ||||||||||||||||
| TOTAL STRUCTURED ASSETS | 7,149,186 | ||||||||||||||||
| (Cost $7,073,028) | |||||||||||||||||
| TOTAL BONDS | 33,694,735 | ||||||||||||||||
| (Cost $33,247,560) | |||||||||||||||||
| SHORT-TERM INVESTMENTS - 4.6% | |||||||||||||||||
| REPURCHASE AGREEMENT - 4.6% | |||||||||||||||||
| 1,680,000 | r | Fixed Income Clearing Corp (FICC) | 0.010 | 10/01/21 | 1,680,000 | ||||||||||||
| TOTAL REPURCHASE AGREEMENT | 1,680,000 | ||||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | 1,680,000 | ||||||||||||||||
| (Cost $1,680,000) | |||||||||||||||||
| TOTAL INVESTMENTS - 99.8% | 36,361,622 | ||||||||||||||||
| (Cost $35,909,101) | |||||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - 0.2% | 90,820 | ||||||||||||||||
| NET ASSETS - 100.0% | $ | 36,452,442 | |||||||||||||||
| Abbreviation(s): | |||
| LIBOR | London Interbank Offered Rate | ||
| M | Month | ||
| SOFR | Secure Overnight Financing Rate | ||
| † | Security is categorized as Level 3 in the fair value hierarchy. | ||
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities is $13,998,868 or 38.4% 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. | ||
| r | Agreement with Fixed Income Clearing Corp (FICC), 0.010% dated 9/30/21 to be repurchased at $1,680,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $1,713,685. | ||
| 335 |
TIAA-CREF FUNDS – Short-Term Bond Fund
TIAA-CREF FUNDS
SHORT-TERM BOND FUND
SCHEDULE OF INVESTMENTS (unaudited)
September 30, 2021
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| BANK LOAN OBLIGATIONS - 2.3% | |||||||||||||||||
| CAPITAL GOODS - 0.1% | |||||||||||||||||
| $ | 686,000 | i | American Builders & Contractors Supply Co, Inc | LIBOR 1 M + 2.000% | 2.084 | % | 01/15/27 | $ | 681,102 | ||||||||
| 832,657 | i | Hamilton HoldCo LLC | LIBOR 3 M + 2.000% | 2.140 | 01/04/27 | 827,453 | |||||||||||
| TOTAL CAPITAL GOODS | 1,508,555 | ||||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.1% | |||||||||||||||||
| 997,500 | i | AECOM | LIBOR 1 M + 1.750% | 1.834 | 04/13/28 | 996,502 | |||||||||||
| 320,935 | i | Prime Security Services Borrower LLC | LIBOR 1 M + 2.750% | 3.500 | 09/23/26 | 320,460 | |||||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 1,316,962 | ||||||||||||||||
| CONSUMER SERVICES - 0.3% | |||||||||||||||||
| 1,488,636 | i | 1011778 BC ULC | LIBOR 1 M + 1.750% | 1.837 | 11/19/26 | 1,469,403 | |||||||||||
| 1,943,891 | i | Hilton Worldwide Finance LLC | LIBOR 1 M + 1.750% | 1.836 | 06/22/26 | 1,926,746 | |||||||||||
| 810,580 | i | KFC Holding Co | LIBOR 1 M + 1.750% | 1.836 | 03/09/28 | 809,567 | |||||||||||
| 1,940,000 | i | Wyndham Hotels & Resorts, Inc | LIBOR 1 M + 1.750% | 1.834 | 05/30/25 | 1,925,761 | |||||||||||
| TOTAL CONSUMER SERVICES | 6,131,477 | ||||||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES - 0.1% | |||||||||||||||||
| 2,487,342 | i | DaVita, Inc | LIBOR 1 M + 1.750% | 1.834 | 08/12/26 | 2,471,796 | |||||||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES | 2,471,796 | ||||||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 0.2% | |||||||||||||||||
| 2,491,241 | i | Energizer Holdings, Inc | LIBOR 1 M + 2.250% | 2.750 | 12/16/27 | 2,488,127 | |||||||||||
| 997,500 | i | Spectrum Brands, Inc | LIBOR 3 M + 2.000% | 2.500 | 03/03/28 | 994,587 | |||||||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 3,482,714 | ||||||||||||||||
| MATERIALS - 0.2% | |||||||||||||||||
| 1,287,000 | i | Asplundh Tree Expert LLC | LIBOR 1 M + 1.750% | 1.834 | 09/02/27 | 1,281,993 | |||||||||||
| 1,791,687 | i | Berry Global, Inc | LIBOR 1 M + 1.750% | 1.856 | 07/01/26 | 1,780,489 | |||||||||||
| 1,988,490 | i | Reynolds Consumer Products LLC | LIBOR 1 M + 1.750% | 1.834 | 02/04/27 | 1,982,405 | |||||||||||
| TOTAL MATERIALS | 5,044,887 | ||||||||||||||||
| MEDIA & ENTERTAINMENT - 0.3% | |||||||||||||||||
| 3,449,402 | i | Charter Communications Operating LLC | LIBOR 1 M + 1.750% | 1.840 | 04/30/25 | 3,444,228 | |||||||||||
| 1,376,337 | i | CSC Holdings LLC | LIBOR 1 M + 2.250% | 2.334 | 07/17/25 | 1,355,691 | |||||||||||
| 939,715 | i | Nielsen Finance LLC | LIBOR 1 M + 2.000% | 2.083 | 10/04/23 | 937,958 | |||||||||||
| 1,290,299 | i | Outfront Media Capital LLC | LIBOR 1 M + 1.750% | 1.836 | 11/18/26 | 1,270,299 | |||||||||||
| TOTAL MEDIA & ENTERTAINMENT | 7,008,176 | ||||||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.5% | |||||||||||||||||
| 1,322,780 | i | Bausch Health Americas, Inc | LIBOR 1 M + 2.750% | 2.834 | 11/27/25 | 1,318,812 | |||||||||||
| 1,995,000 | i | Catalent Pharma Solutions, Inc | LIBOR 1 M + 2.000% | 2.500 | 02/22/28 | 1,994,501 | |||||||||||
| 968,399 | i | Elanco Animal Health Inc | LIBOR 1 M + 1.750% | 1.836 | 08/01/27 | 955,945 | |||||||||||
| 1,000,000 | i | Horizon Therapeutics USA, Inc | LIBOR 1 M + 2.250% | 2.375 | 05/22/26 | 994,500 | |||||||||||
| 336 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 995,000 | i | Horizon Therapeutics USA, Inc | LIBOR 1 M + 2.000% | 2.500 | % | 03/15/28 | $ | 992,692 | ||||||||
| 2,208,704 | i | PPD, Inc | LIBOR 1 M + 2.000% | 2.500 | 01/13/28 | 2,204,110 | |||||||||||
| 1,000,000 | i | Prestige Brands, Inc | LIBOR 1 M + 2.000% | 2.500 | 01/26/24 | 998,280 | |||||||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 9,458,840 | ||||||||||||||||
| SOFTWARE & SERVICES - 0.3% | |||||||||||||||||
| 902,425 | i | IQVIA, Inc | LIBOR 1 M + 1.750% | 1.834 | 03/07/24 | 900,395 | |||||||||||
| 1,389,098 | i | IQVIA, Inc | LIBOR 1 M + 1.750% | 1.834 | 01/14/25 | 1,384,235 | |||||||||||
| 951,067 | i | IQVIA, Inc | LIBOR 3 M + 1.750% | 1.882 | 06/11/25 | 948,690 | |||||||||||
| 1,867,372 | i | Open Text Corp | LIBOR 1 M + 1.750% | 1.837 | 05/30/25 | 1,869,707 | |||||||||||
| 507,788 | i | SS&C Technologies, Inc | LIBOR 1 M + 1.750% | 1.834 | 04/16/25 | 502,269 | |||||||||||
| 384,519 | i | SS&C Technologies, Inc | LIBOR 1 M + 1.750% | 1.834 | 04/16/25 | 380,339 | |||||||||||
| TOTAL SOFTWARE & SERVICES | 5,985,635 | ||||||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 0.1% | |||||||||||||||||
| 1,798,668 | i | Dell International LLC | LIBOR 1 M + 1.750% | 2.000 | 09/19/25 | 1,797,786 | |||||||||||
| 996,441 | i | Western Digital Corp | LIBOR 1 M + 1.750% | 1.838 | 04/29/23 | 996,023 | |||||||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 2,793,809 | ||||||||||||||||
| TRANSPORTATION - 0.1% | |||||||||||||||||
| 1,813,517 | i | Avis Budget Car Rental LLC | LIBOR 1 M + 1.750% | 1.840 | 08/06/27 | 1,772,332 | |||||||||||
| TOTAL TRANSPORTATION | 1,772,332 | ||||||||||||||||
| UTILITIES - 0.0% | |||||||||||||||||
| 563,916 | i | Vistra Operations Co LLC | LIBOR 1 M + 1.750% | 1.834 | 12/31/25 | 559,360 | |||||||||||
| TOTAL UTILITIES | 559,360 | ||||||||||||||||
| TOTAL BANK LOAN OBLIGATIONS | 47,534,543 | ||||||||||||||||
| (Cost $47,697,206) | |||||||||||||||||
| BONDS - 94.0% | |||||||||||||||||
| CORPORATE BONDS - 34.9% | |||||||||||||||||
| AUTOMOBILES & COMPONENTS - 0.1% | |||||||||||||||||
| 2,725,000 | g | Denso Corp | 1.239 | 09/16/26 | 2,705,152 | ||||||||||||
| TOTAL AUTOMOBILES & COMPONENTS | 2,705,152 | ||||||||||||||||
| BANKS - 11.0% | |||||||||||||||||
| 2,000,000 | g | Banco Bradesco S.A. | 2.850 | 01/27/23 | 2,031,020 | ||||||||||||
| 2,100,000 | g | Banco de Credito del Peru | 2.700 | 01/11/25 | 2,157,771 | ||||||||||||
| 2,375,000 | g | Banco del Estado de Chile | 2.704 | 01/09/25 | 2,458,125 | ||||||||||||
| 2,855,000 | e,g | Banco do Brasil S.A. | 3.250 | 09/30/26 | 2,853,572 | ||||||||||||
| 750,000 | g | Banco Santander Mexico S.A. | 4.125 | 11/09/22 | 773,542 | ||||||||||||
| 2,000,000 | g | Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand | 5.375 | 04/17/25 | 2,235,400 | ||||||||||||
| 5,125,000 | Bancolombia S.A. | 3.000 | 01/29/25 | 5,169,895 | |||||||||||||
| 24,300,000 | Bank of America Corp | 3.004 | 12/20/23 | 25,042,871 | |||||||||||||
| 5,000,000 | Bank of America Corp | 0.976 | 04/22/25 | 5,026,592 | |||||||||||||
| 8,000,000 | Bank of America Corp | 0.981 | 09/25/25 | 8,011,040 | |||||||||||||
| 1,720,000 | Citigroup, Inc | 4.500 | 01/14/22 | 1,740,174 | |||||||||||||
| 3,000,000 | Citigroup, Inc | 3.142 | 01/24/23 | 3,025,223 | |||||||||||||
| 500,000 | Citigroup, Inc | 0.776 | 10/30/24 | 501,917 | |||||||||||||
| 337 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 23,600,000 | Citigroup, Inc | 0.981 | % | 05/01/25 | $ | 23,676,430 | ||||||||||
| 5,000,000 | Cooperatieve Rabobank UA | 0.375 | 01/12/24 | 4,977,046 | |||||||||||||
| 1,825,000 | g | Credicorp Ltd | 2.750 | 06/17/25 | 1,865,775 | ||||||||||||
| 10,000,000 | g | Dexia Credit Local S.A. | 2.875 | 01/29/22 | 10,087,043 | ||||||||||||
| 4,000,000 | g | Dexia Credit Local S.A. | 2.375 | 09/20/22 | 4,081,117 | ||||||||||||
| 650,000 | Discover Bank | 3.350 | 02/06/23 | 673,382 | |||||||||||||
| 5,000,000 | g | DNB Boligkreditt AS. | 3.250 | 06/28/23 | 5,246,767 | ||||||||||||
| 1,250,000 | HSBC USA, Inc | 3.500 | 06/23/24 | 1,341,656 | |||||||||||||
| 1,485,000 | Huntington National Bank | 3.125 | 04/01/22 | 1,502,762 | |||||||||||||
| 2,800,000 | g | Itau Unibanco Holding S.A. | 3.250 | 01/24/25 | 2,831,500 | ||||||||||||
| 1,445,000 | JPMorgan Chase & Co | 3.200 | 01/25/23 | 1,500,008 | |||||||||||||
| 8,700,000 | JPMorgan Chase & Co | 3.207 | 04/01/23 | 8,821,621 | |||||||||||||
| 10,000,000 | JPMorgan Chase & Co | 2.776 | 04/25/23 | 10,134,200 | |||||||||||||
| 5,000,000 | JPMorgan Chase & Co | 4.023 | 12/05/24 | 5,355,402 | |||||||||||||
| 725,000 | JPMorgan Chase & Co | 0.563 | 02/16/25 | 721,989 | |||||||||||||
| 20,000,000 | JPMorgan Chase & Co | 0.824 | 06/01/25 | 19,996,434 | |||||||||||||
| 3,000,000 | Mitsubishi UFJ Financial Group, Inc | 2.623 | 07/18/22 | 3,055,240 | |||||||||||||
| 5,000,000 | Mitsubishi UFJ Financial Group, Inc | 0.848 | 09/15/24 | 5,022,247 | |||||||||||||
| 2,875,000 | National Bank of Canada | 0.550 | 11/15/24 | 2,869,264 | |||||||||||||
| 5,000,000 | NatWest Group plc | 3.875 | 09/12/23 | 5,301,208 | |||||||||||||
| 1,625,000 | NatWest Group plc | 2.359 | 05/22/24 | 1,667,466 | |||||||||||||
| 2,000,000 | g | NBK SPC Ltd | 2.750 | 05/30/22 | 2,023,677 | ||||||||||||
| 2,000,000 | Royal Bank of Canada | 2.800 | 04/29/22 | 2,030,174 | |||||||||||||
| 5,000,000 | g | Skandinaviska Enskilda Banken AB | 0.550 | 09/01/23 | 5,008,313 | ||||||||||||
| 5,000,000 | Sumitomo Mitsui Financial Group, Inc | 0.508 | 01/12/24 | 4,983,818 | |||||||||||||
| 5,000,000 | g | Sumitomo Mitsui Trust Bank Ltd | 0.800 | 09/12/23 | 5,030,331 | ||||||||||||
| 2,100,000 | g | Svenska Handelsbanken AB | 0.625 | 06/30/23 | 2,110,073 | ||||||||||||
| 1,000,000 | Synchrony Bank | 3.000 | 06/15/22 | 1,016,393 | |||||||||||||
| 3,000,000 | Toronto-Dominion Bank | 0.750 | 06/12/23 | 3,017,632 | |||||||||||||
| 5,000,000 | Toronto-Dominion Bank | 0.450 | 09/11/23 | 5,001,149 | |||||||||||||
| 1,680,000 | Truist Financial Corp | 3.750 | 12/06/23 | 1,794,523 | |||||||||||||
| 5,000,000 | g | UBS AG. | 0.450 | 02/09/24 | 4,977,019 | ||||||||||||
| 5,000,000 | e,g | United Overseas Bank Ltd | 1.250 | 04/14/26 | 4,988,454 | ||||||||||||
| 3,000,000 | Westpac Banking Corp | 2.800 | 01/11/22 | 3,021,811 | |||||||||||||
| TOTAL BANKS | 226,759,066 | ||||||||||||||||
| CAPITAL GOODS - 1.2% | |||||||||||||||||
| 3,721,000 | e | Air Lease Corp | 2.250 | 01/15/23 | 3,802,274 | ||||||||||||
| 4,400,000 | g | BOC Aviation Ltd | 3.500 | 10/10/24 | 4,676,836 | ||||||||||||
| 5,000,000 | Boeing Co | 1.433 | 02/04/24 | 5,007,475 | |||||||||||||
| 500,000 | g | DAE Funding LLC | 1.550 | 08/01/24 | 495,430 | ||||||||||||
| 2,500,000 | g | DAE Funding LLC | 2.625 | 03/20/25 | 2,541,263 | ||||||||||||
| 5,000,000 | John Deere Capital Corp | 0.450 | 01/17/24 | 4,999,634 | |||||||||||||
| 272,000 | Raytheon Technologies Corp | 3.650 | 08/16/23 | 287,309 | |||||||||||||
| 3,000,000 | g | TSMC Global Ltd | 0.750 | 09/28/25 | 2,926,433 | ||||||||||||
| TOTAL CAPITAL GOODS | 24,736,654 | ||||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.3% | |||||||||||||||||
| 2,000,000 | ADT Corp | 4.125 | 06/15/23 | 2,092,540 | |||||||||||||
| 3,000,000 | IHS Markit Ltd | 4.125 | 08/01/23 | 3,180,600 | |||||||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 5,273,140 | ||||||||||||||||
| 338 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| CONSUMER DURABLES & APPAREL - 0.1% | |||||||||||||||||
| $ | 1,455,000 | Lennar Corp | 4.875 | % | 12/15/23 | $ | 1,569,625 | ||||||||||
| TOTAL CONSUMER DURABLES & APPAREL | 1,569,625 | ||||||||||||||||
| CONSUMER SERVICES - 0.1% | |||||||||||||||||
| 1,475,000 | Hyatt Hotels Corp | 1.300 | 10/01/23 | 1,476,962 | |||||||||||||
| TOTAL CONSUMER SERVICES | 1,476,962 | ||||||||||||||||
| DIVERSIFIED FINANCIALS - 6.1% | |||||||||||||||||
| 7,000,000 | AerCap Ireland Capital DAC | 3.150 | 02/15/24 | 7,299,273 | |||||||||||||
| 2,050,000 | American Express Co | 2.750 | 05/20/22 | 2,078,478 | |||||||||||||
| 3,000,000 | American Honda Finance Corp | 0.875 | 07/07/23 | 3,023,452 | |||||||||||||
| 1,000,000 | Ameriprise Financial, Inc | 3.000 | 03/22/22 | 1,012,627 | |||||||||||||
| 5,000,000 | g | Banco BTG Pactual S.A. | 2.750 | 01/11/26 | 4,856,250 | ||||||||||||
| 1,325,000 | g | BBVA Bancomer S.A. | 1.875 | 09/18/25 | 1,332,221 | ||||||||||||
| 4,000,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 4,160,328 | |||||||||||||
| 3,000,000 | Credit Suisse AG. | 1.000 | 05/05/23 | 3,027,647 | |||||||||||||
| 5,000,000 | Credit Suisse AG. | 0.495 | 02/02/24 | 4,981,969 | |||||||||||||
| 2,950,000 | Deutsche Bank AG. | 0.898 | 05/28/24 | 2,947,292 | |||||||||||||
| 3,000,000 | Discover Financial Services | 3.850 | 11/21/22 | 3,114,358 | |||||||||||||
| 10,000,000 | g | Federation des Caisses Desjardins du Quebec | 0.700 | 05/21/24 | 9,987,140 | ||||||||||||
| 2,000,000 | General Motors Financial Co, Inc | 3.450 | 01/14/22 | 2,011,999 | |||||||||||||
| 2,170,000 | General Motors Financial Co, Inc | 3.150 | 06/30/22 | 2,209,015 | |||||||||||||
| 5,000,000 | General Motors Financial Co, Inc | 3.550 | 07/08/22 | 5,119,026 | |||||||||||||
| 5,000,000 | General Motors Financial Co, Inc | 1.700 | 08/18/23 | 5,094,469 | |||||||||||||
| 3,910,000 | General Motors Financial Co, Inc | 3.950 | 04/13/24 | 4,178,794 | |||||||||||||
| 5,000,000 | Goldman Sachs Group, Inc | 2.876 | 10/31/22 | 5,008,666 | |||||||||||||
| 3,000,000 | Goldman Sachs Group, Inc | 0.627 | 11/17/23 | 3,001,230 | |||||||||||||
| 5,000,000 | Goldman Sachs Group, Inc | 0.673 | 03/08/24 | 5,005,950 | |||||||||||||
| 5,000,000 | Goldman Sachs Group, Inc | 0.657 | 09/10/24 | 5,000,825 | |||||||||||||
| 6,105,000 | Morgan Stanley | 3.125 | 01/23/23 | 6,318,555 | |||||||||||||
| 5,000,000 | Morgan Stanley | 0.529 | 01/25/24 | 5,003,601 | |||||||||||||
| 4,175,000 | Morgan Stanley | 0.731 | 04/05/24 | 4,188,858 | |||||||||||||
| 5,000,000 | Morgan Stanley | 0.790 | 05/30/25 | 4,984,651 | |||||||||||||
| 7,000,000 | g | Nationwide Building Society | 1.700 | 02/13/23 | 7,128,940 | ||||||||||||
| 2,700,000 | g | NatWest Markets plc | 0.800 | 08/12/24 | 2,694,303 | ||||||||||||
| 1,125,000 | g | REC Ltd | 4.750 | 05/19/23 | 1,181,435 | ||||||||||||
| 300,000 | State Street Corp | 2.825 | 03/30/23 | 303,660 | |||||||||||||
| 4,500,000 | Toyota Motor Credit Corp | 0.500 | 08/14/23 | 4,511,498 | |||||||||||||
| 4,725,000 | g | UBS Group AG | 1.008 | 07/30/24 | 4,755,592 | ||||||||||||
| TOTAL DIVERSIFIED FINANCIALS | 125,522,102 | ||||||||||||||||
| ENERGY - 2.2% | |||||||||||||||||
| 3,000,000 | Canadian Natural Resources Ltd | 2.050 | 07/15/25 | 3,071,521 | |||||||||||||
| 2,230,000 | g | Energean Israel Finance Ltd | 4.500 | 03/30/24 | 2,275,390 | ||||||||||||
| 5,000,000 | Energy Transfer Operating LP | 4.500 | 04/15/24 | 5,407,160 | |||||||||||||
| 4,000,000 | g | Leviathan Bond Ltd | 5.750 | 06/30/23 | 4,160,302 | ||||||||||||
| 4,000,000 | Marathon Petroleum Corp | 4.500 | 05/01/23 | 4,227,345 | |||||||||||||
| 1,000,000 | Marathon Petroleum Corp | 4.700 | 05/01/25 | 1,116,246 | |||||||||||||
| 4,000,000 | MPLX LP | 3.375 | 03/15/23 | 4,153,548 | |||||||||||||
| 662,000 | ONEOK, Inc | 4.250 | 02/01/22 | 663,902 | |||||||||||||
| 2,200,000 | g | Pertamina Persero PT | 4.875 | 05/03/22 | 2,250,169 | ||||||||||||
| 1,500,000 | Petroleos Mexicanos | 5.375 | 03/13/22 | 1,523,460 | |||||||||||||
| 339 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 397,500 | Petroleos Mexicanos | 2.000 | % | 12/20/22 | $ | 401,629 | ||||||||||
| 2,000,000 | Petroleos Mexicanos | 3.500 | 01/30/23 | 2,025,000 | |||||||||||||
| 556,000 | Petroleos Mexicanos | 2.378 | 04/15/25 | 572,342 | |||||||||||||
| 1,000,000 | Petroleos Mexicanos | 4.500 | 01/23/26 | 1,005,700 | |||||||||||||
| 1,350,000 | Phillips 66 | 0.900 | 02/15/24 | 1,350,345 | |||||||||||||
| 1,000,000 | Sabine Pass Liquefaction LLC | 6.250 | 03/15/22 | 1,011,470 | |||||||||||||
| 3,900,000 | g | Saudi Arabian Oil Co | 1.250 | 11/24/23 | 3,924,733 | ||||||||||||
| 5,000,000 | g | Saudi Arabian Oil Co | 2.875 | 04/16/24 | 5,209,737 | ||||||||||||
| 1,925,000 | g | Tullow Oil plc | 10.250 | 05/15/26 | 2,010,200 | ||||||||||||
| TOTAL ENERGY | 46,360,199 | ||||||||||||||||
| FOOD & STAPLES RETAILING - 0.2% | |||||||||||||||||
| 5,000,000 | Walmart, Inc | 2.350 | 12/15/22 | 5,105,872 | |||||||||||||
| TOTAL FOOD & STAPLES RETAILING | 5,105,872 | ||||||||||||||||
| FOOD, BEVERAGE & TOBACCO - 0.5% | |||||||||||||||||
| 1,850,000 | BAT Capital Corp | 3.222 | 08/15/24 | 1,961,195 | |||||||||||||
| 2,450,000 | ConAgra Brands, Inc | 0.500 | 08/11/23 | 2,449,951 | |||||||||||||
| 2,000,000 | Constellation Brands, Inc | 3.200 | 02/15/23 | 2,068,739 | |||||||||||||
| 2,940,000 | General Mills, Inc | 3.150 | 12/15/21 | 2,942,354 | |||||||||||||
| 1,000,000 | g | Lamb Weston Holdings, Inc | 4.625 | 11/01/24 | 1,017,080 | ||||||||||||
| TOTAL FOOD, BEVERAGE & TOBACCO | 10,439,319 | ||||||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES - 0.4% | |||||||||||||||||
| 612,000 | CVS Health Corp | 3.700 | 03/09/23 | 639,074 | |||||||||||||
| 4,925,000 | CVS Health Corp | 2.625 | 08/15/24 | 5,171,448 | |||||||||||||
| 3,300,000 | Humana, Inc | 0.650 | 08/03/23 | 3,302,145 | |||||||||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES | 9,112,667 | ||||||||||||||||
| INSURANCE - 0.5% | |||||||||||||||||
| 3,000,000 | g | MassMutual Global Funding II | 0.850 | 06/09/23 | 3,025,702 | ||||||||||||
| 3,000,000 | g | Principal Life Global Funding II | 0.750 | 04/12/24 | 3,004,067 | ||||||||||||
| 5,000,000 | e,g | Protective Life Global Funding | 0.473 | 01/12/24 | 4,977,827 | ||||||||||||
| TOTAL INSURANCE | 11,007,596 | ||||||||||||||||
| MATERIALS - 1.5% | |||||||||||||||||
| 6,250,000 | g | Berry Global, Inc | 0.950 | 02/15/24 | 6,257,062 | ||||||||||||
| 1,000,000 | Celulosa Arauco y Constitucion S.A. | 4.500 | 08/01/24 | 1,081,230 | |||||||||||||
| 3,000,000 | g | Fresnillo plc | 5.500 | 11/13/23 | 3,285,000 | ||||||||||||
| 3,000,000 | g | Indonesia Asahan Aluminiu | 5.230 | 11/15/21 | 3,011,250 | ||||||||||||
| 1,250,000 | g | MEGlobal Canada ULC | 5.000 | 05/18/25 | 1,380,000 | ||||||||||||
| 1,350,000 | g | Midwest Connector Capital Co LLC | 3.625 | 04/01/22 | 1,365,975 | ||||||||||||
| 1,553,000 | Nutrien Ltd | 3.625 | 03/15/24 | 1,650,594 | |||||||||||||
| 2,225,000 | g | Orbia Advance Corp SAB de C.V. | 1.875 | 05/11/26 | 2,228,649 | ||||||||||||
| 1,550,000 | g | SABIC Capital II BV | 4.000 | 10/10/23 | 1,647,236 | ||||||||||||
| 3,000,000 | Sasol Financing International plc | 4.500 | 11/14/22 | 3,068,039 | |||||||||||||
| 2,000,000 | Westlake Chemical Corp | 0.875 | 08/15/24 | 2,002,667 | |||||||||||||
| 3,000,000 | WRKCo, Inc | 3.000 | 09/15/24 | 3,182,889 | |||||||||||||
| TOTAL MATERIALS | 30,160,591 | ||||||||||||||||
| MEDIA & ENTERTAINMENT - 0.8% | |||||||||||||||||
| 2,500,000 | AstraZeneca Finance LLC | 1.200 | 05/28/26 | 2,500,631 | |||||||||||||
| 340 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 5,100,000 | Charter Communications Operating LLC | 4.464 | % | 07/23/22 | $ | 5,229,578 | ||||||||||
| 3,250,000 | DH Europe Finance II Sarl | 2.200 | 11/15/24 | 3,383,805 | |||||||||||||
| 2,000,000 | g | Tencent Holdings Ltd | 3.280 | 04/11/24 | 2,109,620 | ||||||||||||
| 3,000,000 | Walt Disney Co | 1.650 | 09/01/22 | 3,039,386 | |||||||||||||
| TOTAL MEDIA & ENTERTAINMENT | 16,263,020 | ||||||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 2.1% | |||||||||||||||||
| 18,000,000 | AbbVie, Inc | 2.300 | 11/21/22 | 18,371,056 | |||||||||||||
| 4,450,000 | AbbVie, Inc | 3.800 | 03/15/25 | 4,832,044 | |||||||||||||
| 2,500,000 | Bristol-Myers Squibb Co | 2.600 | 05/16/22 | 2,536,840 | |||||||||||||
| 5,875,000 | Gilead Sciences, Inc | 0.750 | 09/29/23 | 5,875,286 | |||||||||||||
| 5,000,000 | Royalty Pharma plc | 0.750 | 09/02/23 | 5,016,335 | |||||||||||||
| 2,000,000 | Teva Pharmaceutical Finance Co BV | 2.950 | 12/18/22 | 2,015,000 | |||||||||||||
| 4,000,000 | Teva Pharmaceutical Financial IV BV | 3.650 | 11/10/21 | 4,005,000 | |||||||||||||
| 1,100,000 | g | Viatris, Inc | 1.125 | 06/22/22 | 1,105,812 | ||||||||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 43,757,373 | ||||||||||||||||
| REAL ESTATE - 1.4% | |||||||||||||||||
| 2,000,000 | American Tower Corp | 2.250 | 01/15/22 | 2,010,718 | |||||||||||||
| 2,000,000 | American Tower Corp | 3.375 | 05/15/24 | 2,130,717 | |||||||||||||
| 1,450,000 | AvalonBay Communities, Inc | 3.500 | 11/15/24 | 1,562,052 | |||||||||||||
| 2,600,000 | Boston Properties LP | 3.125 | 09/01/23 | 2,710,590 | |||||||||||||
| 1,044,000 | Brandywine Operating Partnership LP | 4.100 | 10/01/24 | 1,124,955 | |||||||||||||
| 3,000,000 | Brixmor Operating Partnership LP | 3.650 | 06/15/24 | 3,201,379 | |||||||||||||
| 2,994,000 | CubeSmart LP | 4.375 | 12/15/23 | 3,207,384 | |||||||||||||
| 5,000,000 | Essex Portfolio LP | 3.875 | 05/01/24 | 5,347,886 | |||||||||||||
| 410,000 | Federal Realty Investment Trust | 3.950 | 01/15/24 | 437,197 | |||||||||||||
| 850,000 | e | Highwoods Realty LP | 3.625 | 01/15/23 | 874,914 | ||||||||||||
| 2,500,000 | Kimco Realty Corp | 3.400 | 11/01/22 | 2,568,222 | |||||||||||||
| 3,300,000 | RKPF Overseas 2019 A Ltd | 6.700 | 09/30/24 | 3,296,304 | |||||||||||||
| TOTAL REAL ESTATE | 28,472,318 | ||||||||||||||||
| RETAILING - 0.2% | |||||||||||||||||
| 2,150,000 | g | Kia Corp | 1.000 | 04/16/24 | 2,150,743 | ||||||||||||
| 1,600,000 | g | Volkswagen Group of America Finance LLC | 3.125 | 05/12/23 | 1,662,296 | ||||||||||||
| TOTAL RETAILING | 3,813,039 | ||||||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.4% | |||||||||||||||||
| 5,000,000 | NVIDIA Corp | 0.584 | 06/14/24 | 5,006,312 | |||||||||||||
| 3,600,000 | g | SK Hynix, Inc | 1.500 | 01/19/26 | 3,553,488 | ||||||||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 8,559,800 | ||||||||||||||||
| SOFTWARE & SERVICES - 0.8% | |||||||||||||||||
| 5,000,000 | Adobe, Inc | 1.900 | 02/01/25 | 5,163,475 | |||||||||||||
| 5,000,000 | Fidelity National Information Services, Inc | 0.600 | 03/01/24 | 4,992,498 | |||||||||||||
| 5,146,000 | Fiserv, Inc | 3.500 | 10/01/22 | 5,265,540 | |||||||||||||
| 2,100,000 | e,g | HCL America, Inc | 1.375 | 03/10/26 | 2,076,139 | ||||||||||||
| TOTAL SOFTWARE & SERVICES | 17,497,652 | ||||||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 0.1% | |||||||||||||||||
| 1,850,000 | Apple, Inc | 1.700 | 09/11/22 | 1,875,105 | |||||||||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 1,875,105 | ||||||||||||||||
| 341 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| TELECOMMUNICATION SERVICES - 2.0% | |||||||||||||||||
| $ | 7,000,000 | AT&T, Inc | 2.625 | % | 12/01/22 | $ | 7,142,685 | ||||||||||
| 4,440,000 | AT&T, Inc | 4.450 | 04/01/24 | 4,810,744 | |||||||||||||
| 1,665,000 | g | SBA Tower Trust | 2.836 | 01/15/25 | 1,724,399 | ||||||||||||
| 13,365,000 | g | SBA Tower Trust | 1.884 | 01/15/26 | 13,532,415 | ||||||||||||
| 2,500,000 | g | SBA Tower Trust | 1.631 | 11/15/26 | 2,493,726 | ||||||||||||
| 5,000,000 | T-Mobile USA, Inc | 3.500 | 04/15/25 | 5,386,537 | |||||||||||||
| 7,039,000 | Verizon Communications, Inc | 1.680 | 10/30/30 | 6,693,624 | |||||||||||||
| TOTAL TELECOMMUNICATION SERVICES | 41,784,130 | ||||||||||||||||
| TRANSPORTATION - 0.1% | |||||||||||||||||
| 2,200,000 | g | Transnet SOC Ltd | 4.000 | 07/26/22 | 2,225,339 | ||||||||||||
| TOTAL TRANSPORTATION | 2,225,339 | ||||||||||||||||
| UTILITIES - 2.8% | |||||||||||||||||
| 2,000,000 | g | AIG Global Funding | 0.800 | 07/07/23 | 2,015,895 | ||||||||||||
| 3,000,000 | Atmos Energy Corp | 0.625 | 03/09/23 | 3,000,100 | |||||||||||||
| 3,225,000 | Consumers Energy Co | 0.350 | 06/01/23 | 3,223,178 | |||||||||||||
| 3,000,000 | DTE Energy Co | 2.250 | 11/01/22 | 3,060,016 | |||||||||||||
| 5,000,000 | Enbridge, Inc | 0.550 | 10/04/23 | 5,001,500 | |||||||||||||
| 2,000,000 | g | Hanwha Energy USA Holdings Corp | 2.375 | 07/30/22 | 2,027,823 | ||||||||||||
| 2,000,000 | g | KSA Sukuk Ltd | 2.894 | 04/20/22 | 2,024,160 | ||||||||||||
| 3,050,000 | NextEra Energy Capital Holdings, Inc | 2.900 | 04/01/22 | 3,090,157 | |||||||||||||
| 5,000,000 | NextEra Energy Capital Holdings, Inc | 0.650 | 03/01/23 | 5,016,906 | |||||||||||||
| 5,000,000 | g | Southern Natural Gas Co LLC | 0.625 | 04/28/23 | 4,997,115 | ||||||||||||
| 3,000,000 | e,g | State Grid Overseas Investment Ltd | 2.750 | 05/04/22 | 3,036,330 | ||||||||||||
| 3,000,000 | g | Tengizchevroil Finance Co International Ltd | 2.625 | 08/15/25 | 3,059,095 | ||||||||||||
| 7,020,000 | WEC Energy Group, Inc | 0.550 | 09/15/23 | 7,019,434 | |||||||||||||
| 10,950,000 | Xcel Energy, Inc | 0.500 | 10/15/23 | 10,962,264 | |||||||||||||
| TOTAL UTILITIES | 57,533,973 | ||||||||||||||||
| TOTAL CORPORATE BONDS | 722,010,694 | ||||||||||||||||
| (Cost $715,383,368) | |||||||||||||||||
| GOVERNMENT BONDS - 32.7% | |||||||||||||||||
| AGENCY SECURITIES - 1.1% | |||||||||||||||||
| 5,900,000 | Private Export Funding Corp (PEFCO) | 1.750 | 11/15/24 | 6,095,657 | |||||||||||||
| 4,736,842 | Reliance Industries Ltd | 1.870 | 01/15/26 | 4,855,762 | |||||||||||||
| 4,500,000 | Reliance Industries Ltd | 2.060 | 01/15/26 | 4,632,193 | |||||||||||||
| 5,921,052 | Reliance Industries Ltd | 2.444 | 01/15/26 | 6,144,911 | |||||||||||||
| 788,927 | San Clemente Leasing LLC | 3.030 | 11/22/22 | 799,534 | |||||||||||||
| TOTAL AGENCY SECURITIES | 22,528,057 | ||||||||||||||||
| FOREIGN GOVERNMENT BONDS - 10.8% | |||||||||||||||||
| 1,450,000 | g | African Export-Import Bank | 2.634 | 05/17/26 | 1,481,353 | ||||||||||||
| 3,325,000 | g | Arab Petroleum Investments Corp | 4.125 | 09/18/23 | 3,545,249 | ||||||||||||
| 7,000,000 | g | Bermuda Government International Bond | 4.138 | 01/03/23 | 7,271,320 | ||||||||||||
| 4,000,000 | g | BNG Bank NV | 3.125 | 11/08/21 | 4,011,347 | ||||||||||||
| 3,000,000 | g | BNG Bank NV | 0.875 | 05/18/26 | 2,982,446 | ||||||||||||
| 3,250,000 | Brazilian Government International Bond | 2.625 | 01/05/23 | 3,329,365 | |||||||||||||
| 342 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 2,500,000 | Brazilian Government International Bond | 2.875 | % | 06/06/25 | $ | 2,554,500 | ||||||||||
| 5,000,000 | g | Caisse d’Amortissement de la Dette Sociale | 0.375 | 09/23/25 | 4,908,050 | ||||||||||||
| 10,000,000 | g | CDP Financial, Inc | 0.875 | 06/10/25 | 10,016,600 | ||||||||||||
| 2,500,000 | g | Development Bank of Japan, Inc | 0.500 | 03/04/24 | 2,491,091 | ||||||||||||
| 1,725,000 | e,g | Egypt Government International Bond | 5.577 | 02/21/23 | 1,774,856 | ||||||||||||
| 1,500,000 | g | Egypt Government International Bond | 4.550 | 11/20/23 | 1,528,701 | ||||||||||||
| 3,200,000 | Export-Import Bank of India | 4.000 | 01/14/23 | 3,323,750 | |||||||||||||
| 4,000,000 | Export-Import Bank of Korea | 0.750 | 09/21/25 | 3,944,578 | |||||||||||||
| 1,500,000 | g | Honduras Government International Bond | 7.500 | 03/15/24 | 1,582,515 | ||||||||||||
| 8,900,000 | g | International Development Association | 2.750 | 04/24/23 | 9,239,777 | ||||||||||||
| 6,100,000 | Japan Bank for International Cooperation | 1.750 | 01/23/23 | 6,214,418 | |||||||||||||
| 6,650,000 | g | Japan Finance Organization for Municipalities | 3.375 | 09/27/23 | 7,019,118 | ||||||||||||
| 4,500,000 | g | Japan Finance Organization for Municipalities | 3.000 | 03/12/24 | 4,751,049 | ||||||||||||
| 1,560,000 | g | Kommunalbanken AS. | 2.750 | 02/05/24 | 1,642,275 | ||||||||||||
| 10,000,000 | g | Kommunalbanken AS. | 0.375 | 09/11/25 | 9,816,400 | ||||||||||||
| 5,667,000 | g | Kommuninvest I Sverige AB | 2.625 | 09/15/22 | 5,799,551 | ||||||||||||
| 5,400,000 | g | Kommuninvest I Sverige AB | 0.250 | 12/01/22 | 5,402,936 | ||||||||||||
| 1,400,000 | g | Korea Electric Power Corp | 1.125 | 06/15/25 | 1,392,482 | ||||||||||||
| 6,700,000 | g | Korea Housing Finance Corp | 2.000 | 10/11/21 | 6,701,943 | ||||||||||||
| 1,875,000 | g | Korea Housing Finance Corp | 3.000 | 10/31/22 | 1,923,371 | ||||||||||||
| 2,800,000 | g | Korea Hydro & Nuclear Power Co Ltd | 1.250 | 04/27/26 | 2,776,742 | ||||||||||||
| 9,000,000 | Kreditanstalt fuer Wiederaufbau | 0.625 | 01/22/26 | 8,888,156 | |||||||||||||
| 500,000 | g | Kuwait Government International Bond | 2.750 | 03/20/22 | 504,938 | ||||||||||||
| 10,000,000 | Mexico Government International Bond | 2.659 | 05/24/31 | 9,647,300 | |||||||||||||
| 2,025,000 | g | Morocco Government International Bond | 4.250 | 12/11/22 | 2,093,461 | ||||||||||||
| 3,000,000 | g | Morocco Government International Bond | 2.375 | 12/15/27 | 2,939,963 | ||||||||||||
| 1,500,000 | g | Namibia International Bonds | 5.500 | 11/03/21 | 1,503,672 | ||||||||||||
| 400,000 | g | Nederlandse Waterschapsbank NV | 2.125 | 11/15/21 | 400,912 | ||||||||||||
| 5,950,000 | g | OMERS Finance Trust | 2.500 | 05/02/24 | 6,239,168 | ||||||||||||
| 15,000,000 | g | Ontario Teachers’ Finance Trust | 1.625 | 09/12/24 | 15,419,865 | ||||||||||||
| 2,000,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.400 | 03/29/22 | 2,025,620 | ||||||||||||
| 5,000,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.750 | 03/01/23 | 5,214,600 | ||||||||||||
| 3,400,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 3,672,510 | ||||||||||||
| 10,400,000 | Province of British Columbia Canada | 1.300 | 01/29/31 | 10,056,048 | |||||||||||||
| 1,300,000 | Province of New Brunswick Canada | 8.750 | 05/01/22 | 1,362,299 | |||||||||||||
| 5,000,000 | Province of Quebec Canada | 1.900 | 04/21/31 | 5,070,085 | |||||||||||||
| 3,000,000 | g | Qatar Government International Bond | 3.375 | 03/14/24 | 3,190,590 | ||||||||||||
| 4,000,000 | g | Qatar Government International Bond | 4.000 | 03/14/29 | 4,552,227 | ||||||||||||
| 6,800,000 | Republic of Italy Government International Bond | 2.375 | 10/17/24 | 7,057,972 | |||||||||||||
| 1,500,000 | g | Republic of Paraguay Government International Bond | 4.625 | 01/25/23 | 1,560,000 | ||||||||||||
| 2,000,000 | g | Republic of Uzbekistan Bond | 4.750 | 02/20/24 | 2,094,025 | ||||||||||||
| 5,200,000 | g | Saudi Government International Bond | 3.250 | 10/26/26 | 5,603,468 | ||||||||||||
| 1,540,000 | Svensk Exportkredit AB | 1.750 | 12/12/23 | 1,586,312 | |||||||||||||
| 5,000,000 | Svensk Exportkredit AB | 0.500 | 08/26/25 | 4,937,736 | |||||||||||||
| TOTAL FOREIGN GOVERNMENT BONDS | 223,046,710 | ||||||||||||||||
| MORTGAGE BACKED - 2.1% | |||||||||||||||||
| 873 | Federal National Mortgage Association (FNMA) | 5.500 | 09/25/22 | 884 | |||||||||||||
| 155 | FNMA | 5.000 | 09/25/24 | 2 | |||||||||||||
| 19,269,253 | Government National Mortgage Association (GNMA) | 1.730 | 07/15/37 | 19,319,446 | |||||||||||||
| 21,924,692 | GNMA | 4.250 | 09/15/38 | 23,519,532 | |||||||||||||
| TOTAL MORTGAGE BACKED | 42,839,864 | ||||||||||||||||
| 343 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| MUNICIPAL BONDS - 2.1% | |||||||||||||||||
| $ | 5,000,000 | Bay Area Toll Authority | 2.254 | % | 04/01/24 | $ | 5,210,807 | ||||||||||
| 19,755,000 | City of New York NY | 2.280 | 08/01/25 | 20,751,825 | |||||||||||||
| 10,000,000 | Massachusetts Water Resources Authority | 2.083 | 08/01/25 | 10,465,388 | |||||||||||||
| 6,000,000 | Massachusetts Water Resources Authority | 3.104 | 08/01/39 | 6,320,929 | |||||||||||||
| TOTAL MUNICIPAL BONDS | 42,748,949 | ||||||||||||||||
| U.S. TREASURY SECURITIES - 16.6% | |||||||||||||||||
| 11,825,500 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 01/15/23 | 12,225,380 | ||||||||||||
| 28,368,620 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 01/15/24 | 30,266,879 | ||||||||||||
| 27,057,000 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 04/15/24 | 28,894,974 | ||||||||||||
| 6,897,360 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 07/15/24 | 7,363,471 | ||||||||||||
| 15,958,500 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 10/15/24 | 17,071,855 | ||||||||||||
| 28,102,680 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 04/15/26 | 30,421,517 | ||||||||||||
| 21,290,000 | United States Treasury Note | 0.125 | 06/30/22 | 21,296,653 | |||||||||||||
| 27,700,000 | United States Treasury Note | 0.125 | 10/31/22 | 27,703,246 | |||||||||||||
| 2,500,000 | United States Treasury Note | 0.125 | 01/31/23 | 2,498,731 | |||||||||||||
| 25,995,000 | United States Treasury Note | 0.125 | 03/31/23 | 25,969,614 | |||||||||||||
| 5,200,000 | United States Treasury Note | 0.125 | 05/31/23 | 5,191,672 | |||||||||||||
| 42,525,000 | United States Treasury Note | 0.125 | 08/31/23 | 42,412,043 | |||||||||||||
| 89,564,000 | United States Treasury Note | 0.375 | 09/15/24 | 89,179,154 | |||||||||||||
| 2,385,000 | United States Treasury Note | 0.750 | 08/31/26 | 2,359,473 | |||||||||||||
| TOTAL U.S. TREASURY SECURITIES | 342,854,662 | ||||||||||||||||
| TOTAL GOVERNMENT BONDS | 674,018,242 | ||||||||||||||||
| (Cost $668,512,051) | |||||||||||||||||
| STRUCTURED ASSETS - 26.4% | |||||||||||||||||
| ASSET BACKED - 12.8% | |||||||||||||||||
| 97,294 | Aames Mortgage Trust (Step Bond) | 7.396 | 06/25/32 | 98,263 | |||||||||||||
| Series - 2002 1 (Class A3) | |||||||||||||||||
| 55,677 | †,g | Asset Backed Funding Corp NIM Trust | 5.900 | 07/26/35 | 1 | ||||||||||||
| Series - 2005 WMC1 (Class N1) | |||||||||||||||||
| 1,464,993 | i | Asset Backed Securities Corp Home Equity Loan Trust | LIBOR 1 M + 1.650% | 1.734 | 03/15/32 | 1,470,718 | |||||||||||
| Series - 2002 HE1 (Class M1) | |||||||||||||||||
| 603,048 | i | Bear Stearns Asset Backed Securities Trust | LIBOR 1 M + 1.230% | 1.316 | 08/25/43 | 606,298 | |||||||||||
| Series - 2005 SD1 (Class 1M3) | |||||||||||||||||
| 1,808,176 | g | Capital Automotive REIT | 3.870 | 04/15/47 | 1,812,601 | ||||||||||||
| Series - 2017 1A (Class A1) | |||||||||||||||||
| 2,029,416 | g | Capital Automotive REIT | 1.440 | 08/15/51 | 2,028,522 | ||||||||||||
| Series - 2021 1A (Class A1) | |||||||||||||||||
| 2,115,000 | g | Capital Automotive REIT | 1.920 | 08/15/51 | 2,114,474 | ||||||||||||
| Series - 2021 1A (Class A3) | |||||||||||||||||
| 1,163,501 | CarMax Auto Owner Trust | 3.360 | 09/15/23 | 1,176,108 | |||||||||||||
| Series - 2018 4 (Class A3) | |||||||||||||||||
| 734,652 | CarMax Auto Owner Trust | 3.050 | 03/15/24 | 743,573 | |||||||||||||
| Series - 2019 1 (Class A3) | |||||||||||||||||
| 8,600,000 | CarMax Auto Owner Trust | 0.740 | 10/15/26 | 8,527,561 | |||||||||||||
| Series - 2021 1 (Class B) | |||||||||||||||||
| 7,000,000 | CarMax Auto Owner Trust | 1.000 | 03/15/27 | 6,950,920 | |||||||||||||
| Series - 2021 3 (Class B) | |||||||||||||||||
| 498,250 | †,g | CDO Repack SPC Ltd | 0.000 | 05/20/30 | 503,837 | ||||||||||||
| Series - 2006 CLF1 (Class D1) | |||||||||||||||||
| 344 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 2,054 | Centex Home Equity | 5.540 | % | 01/25/32 | $ | 2,111 | ||||||||||
| Series - 2002 A (Class AF6) | |||||||||||||||||
| 58,708 | i | Centex Home Equity | LIBOR 1 M + 0.645% | 0.731 | 03/25/34 | 58,042 | |||||||||||
| Series - 2004 B (Class M1) | |||||||||||||||||
| 10,104,590 | g | CF Hippolyta LLC | 1.690 | 07/15/60 | 10,241,503 | ||||||||||||
| Series - 2020 1 (Class A1) | |||||||||||||||||
| 122,341 | i | Chase Funding Mortgage Loan Asset-Backed Certificates | 5.700 | 02/26/35 | 131,078 | ||||||||||||
| Series - 2004 2 (Class 1M2) | |||||||||||||||||
| 2,000,000 | i | Citibank Credit Card Issuance Trust | LIBOR 1 M + 0.370% | 0.453 | 08/08/24 | 2,004,400 | |||||||||||
| Series - 2017 A7 (Class A7) | |||||||||||||||||
| 2,000,000 | i | Citibank Credit Card Issuance Trust | LIBOR 1 M + 0.330% | 0.417 | 01/20/25 | 2,005,027 | |||||||||||
| Series - 2018 A2 (Class A2) | |||||||||||||||||
| 2,540,000 | CNH Equipment Trust | 0.900 | 01/16/29 | 2,519,686 | |||||||||||||
| Series - 2021 B (Class B) | |||||||||||||||||
| 255,628 | g | Credit-Based Asset Servicing & Securitization LLC (Step Bond) | 4.835 | 12/25/37 | 257,370 | ||||||||||||
| Series - 2007 SP1 (Class A4) | |||||||||||||||||
| 2,000,000 | i | Discover Card Execution Note Trust | LIBOR 1 M + 0.330% | 0.414 | 08/15/25 | 2,005,860 | |||||||||||
| Series - 2018 A2 (Class A2) | |||||||||||||||||
| 10,972,500 | g | Domino’s Pizza Master Issuer LLC | 2.662 | 04/25/51 | 11,284,295 | ||||||||||||
| Series - 2021 1A (Class A2I) | |||||||||||||||||
| 2,182,731 | Drive Auto Receivables Trust | 0.830 | 05/15/24 | 2,184,757 | |||||||||||||
| Series - 2020 2 (Class A3) | |||||||||||||||||
| 5,920,665 | g | FCI Funding LLC | 1.130 | 04/15/33 | 5,924,282 | ||||||||||||
| Series - 2021 1A (Class A) | |||||||||||||||||
| 3,949,974 | g | FNA VI LLC | 1.350 | 01/10/32 | 3,945,766 | ||||||||||||
| Series - 2021 1A (Class A) | |||||||||||||||||
| 5,900,000 | Ford Credit Auto Lease Trust | 0.470 | 05/15/24 | 5,899,270 | |||||||||||||
| Series - 2021 A (Class B) | |||||||||||||||||
| 2,871,621 | Ford Credit Auto Owner Trust | 1.040 | 08/15/24 | 2,887,250 | |||||||||||||
| Series - 2020 A (Class A3) | |||||||||||||||||
| 2,000,000 | Ford Credit Auto Owner Trust | 1.350 | 07/15/25 | 2,035,661 | |||||||||||||
| Series - 2020 A (Class A4) | |||||||||||||||||
| 4,500,000 | Ford Credit Auto Owner Trust | 0.700 | 10/15/26 | 4,461,390 | |||||||||||||
| Series - 2021 A (Class B) | |||||||||||||||||
| 1,500,000 | g | Ford Credit Auto Owner Trust | 1.610 | 10/17/33 | 1,498,551 | ||||||||||||
| Series - 2021 1 (Class B) | |||||||||||||||||
| 250,000 | †,i | Garanti Diversified Payment Rights Finance Co | LIBOR 3 M + 3.172% | 3.296 | 10/09/21 | 249,625 | |||||||||||
| Series - 2016 A (Class A) | |||||||||||||||||
| 648,816 | GM Financial Consumer Automobile Receivables Trust | 3.210 | 10/16/23 | 654,209 | |||||||||||||
| Series - 2018 4 (Class A3) | |||||||||||||||||
| 3,350,000 | GM Financial Consumer Automobile Receivables Trust | 0.750 | 05/17/27 | 3,333,477 | |||||||||||||
| Series - 2021 1 (Class B) | |||||||||||||||||
| 799,893 | Honda Auto Receivables Owner Trust | 2.830 | 03/20/23 | 806,702 | |||||||||||||
| Series - 2019 1 (Class A3) | |||||||||||||||||
| 6,500,000 | g | Hyundai Auto Lease Securitization Trust | 0.610 | 10/15/25 | 6,505,652 | ||||||||||||
| Series - 2021 A (Class B) | |||||||||||||||||
| 1,854,437 | g,i | Invitation Homes Trust | LIBOR 1 M + 0.900% | 0.984 | 06/17/37 | 1,857,002 | |||||||||||
| Series - 2018 SFR2 (Class A) | |||||||||||||||||
| 9,032,917 | g,i | Invitation Homes Trust | LIBOR 1 M + 1.000% | 1.084 | 07/17/37 | 9,048,057 | |||||||||||
| Series - 2018 SFR3 (Class A) | |||||||||||||||||
| 345 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 1,000,000 | g,i | Irvine Core Office Trust | 3.279 | % | 05/15/48 | $ | 1,038,118 | |||||||||
| Series - 2013 IRV (Class A2) | |||||||||||||||||
| 4,530,803 | g,i | KKR Industrial Portfolio Trust | LIBOR 1 M + 2.030% | 2.114 | 03/15/37 | 4,533,643 | |||||||||||
| Series - 2020 AIP (Class D) | |||||||||||||||||
| 8,000,000 | g | MMAF Equipment Finance LLC | 2.010 | 12/12/24 | 8,150,752 | ||||||||||||
| Series - 2019 B (Class A3) | |||||||||||||||||
| 4,358,093 | g | Navient Private Education Refi Loan Trust | 0.840 | 05/15/69 | 4,351,733 | ||||||||||||
| Series - 2021 A (Class A) | |||||||||||||||||
| 554,867 | g | New Residential Mortgage LLC | 4.690 | 05/25/23 | 555,102 | ||||||||||||
| Series - 2018 FNT1 (Class D) | |||||||||||||||||
| 592,372 | g | New Residential Mortgage LLC | 4.920 | 07/25/54 | 592,388 | ||||||||||||
| Series - 2018 FNT2 (Class D) | |||||||||||||||||
| 3,000,000 | g | Oportun Funding XIV LLC | 1.210 | 03/08/28 | 3,008,012 | ||||||||||||
| Series - 2021 A (Class A) | |||||||||||||||||
| 2,000,000 | g | Oportun Issuance Trust | 1.960 | 05/08/31 | 2,005,329 | ||||||||||||
| Series - 2021 B (Class B) | |||||||||||||||||
| 1,792,877 | i | Park Place Securities, Inc | LIBOR 1 M + 1.245% | 1.331 | 01/25/36 | 1,795,958 | |||||||||||
| Series - 2005 WCH1 (Class M4) | |||||||||||||||||
| 7,000,000 | g | PFS Financing Corp | 0.710 | 04/15/26 | 6,984,974 | ||||||||||||
| Series - 2021 A (Class A) | |||||||||||||||||
| 5,500,000 | g | Santander Consumer Auto Receivables Trust | 0.710 | 08/17/26 | 5,472,120 | ||||||||||||
| Series - 2021 AA (Class B) | |||||||||||||||||
| 7,878,000 | SCE Recovery Funding LLC | 0.861 | 11/15/31 | 7,626,448 | |||||||||||||
| 2,487,500 | g | ServiceMaster Funding LLC | 2.841 | 10/30/51 | 2,531,673 | ||||||||||||
| Series - 2020 1 (Class A2I) | |||||||||||||||||
| 4,987,500 | g | SERVPRO Master Issuer LLC | 2.394 | 04/25/51 | 5,010,028 | ||||||||||||
| Series - 2021 1A (Class A2) | |||||||||||||||||
| 3,674,339 | g | Sierra Timeshare Receivables Funding LLC | 0.990 | 11/20/37 | 3,677,748 | ||||||||||||
| Series - 2021 1A (Class A) | |||||||||||||||||
| 263,154 | g | SoFi Professional Loan Program LLC | 2.360 | 12/27/32 | 265,157 | ||||||||||||
| Series - 2016 C (Class A2B) | |||||||||||||||||
| 590,553 | g | SoFi Professional Loan Program LLC | 2.340 | 04/25/33 | 600,248 | ||||||||||||
| Series - 2016 D (Class A2B) | |||||||||||||||||
| 218,013 | g | SoFi Professional Loan Program LLC | 2.630 | 07/25/40 | 220,911 | ||||||||||||
| Series - 2017 C (Class A2B) | |||||||||||||||||
| 3,750,000 | g | Stack Infrastructure Issuer LLC | 1.893 | 08/25/45 | 3,770,415 | ||||||||||||
| Series - 2020 1A (Class A2) | |||||||||||||||||
| 12,840,000 | g | Taco Bell Funding LLC | 1.946 | 08/25/51 | 12,829,741 | ||||||||||||
| Series - 2021 1A (Class A2I) | |||||||||||||||||
| 8,929,748 | g | TES LLC | 4.330 | 10/20/47 | 9,454,075 | ||||||||||||
| Series - 2017 1A (Class A) | |||||||||||||||||
| 6,700,000 | g | Tesla Auto Lease Trust | 0.660 | 03/20/25 | 6,705,394 | ||||||||||||
| Series - 2021 A (Class A4) | |||||||||||||||||
| 5,000,000 | g | Tesla Auto Lease Trust | 1.020 | 03/20/25 | 5,016,162 | ||||||||||||
| Series - 2021 A (Class B) | |||||||||||||||||
| 540,778 | Toyota Auto Receivables Owner | 3.180 | 03/15/23 | 544,379 | |||||||||||||
| Series - 2018 D (Class A3) | |||||||||||||||||
| 2,092,937 | g | Tricon American Homes Trust | 2.716 | 09/17/34 | 2,091,623 | ||||||||||||
| Series - 2017 SFR1 (Class A) | |||||||||||||||||
| 10,185,000 | Verizon Master Trust | 0.890 | 05/20/27 | 10,190,876 | |||||||||||||
| Series - 2021 1 (Class C) | |||||||||||||||||
| 10,905,000 | Verizon Owner Trust | 3.380 | 04/20/23 | 11,008,588 | |||||||||||||
| Series - 2018 A (Class B) | |||||||||||||||||
| 346 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 9,000,000 | Verizon Owner Trust | 3.020 | % | 09/20/23 | $ | 9,193,039 | ||||||||||
| Series - 2019 A (Class B) | |||||||||||||||||
| 17,500,000 | Verizon Owner Trust | 0.680 | 02/20/25 | 17,534,331 | |||||||||||||
| Series - 2020 B (Class B) | |||||||||||||||||
| 3,500,000 | Volkswagen Auto Loan Enhanced Trust | 0.980 | 11/20/24 | 3,519,315 | |||||||||||||
| Series - 2020 1 (Class A3) | |||||||||||||||||
| 1,500,000 | Volkswagen Auto Loan Enhanced Trust | 1.260 | 08/20/26 | 1,524,951 | |||||||||||||
| Series - 2020 1 (Class A4) | |||||||||||||||||
| 5,795,475 | g | Wendy’s Funding LLC | 2.370 | 06/15/51 | 5,843,954 | ||||||||||||
| Series - 2021 1A (Class A2I) | |||||||||||||||||
| TOTAL ASSET BACKED | 265,481,084 | ||||||||||||||||
| OTHER MORTGAGE BACKED - 13.6% | |||||||||||||||||
| 267,534 | g,i | ACE Securities Corp Manufactured Housing Trust | 6.500 | 08/15/30 | 272,660 | ||||||||||||
| Series - 2003 MH1 (Class M1) | |||||||||||||||||
| 4,128,358 | g,i | ACRE Commercial Mortgage Ltd | LIBOR 1 M + 0.830% | 0.917 | 12/18/37 | 4,113,863 | |||||||||||
| Series - 2021 FL4 (Class A) | |||||||||||||||||
| 5,242,000 | g,i | Angel Oak Mortgage Trust | 3.161 | 12/25/59 | 5,256,436 | ||||||||||||
| Series - 2020 1 (Class M1) | |||||||||||||||||
| 4,119,000 | g,i | BBCMS Trust | LIBOR 1 M + 1.000% | 1.084 | 07/15/37 | 4,118,980 | |||||||||||
| Series - 2018 CBM (Class A) | |||||||||||||||||
| 746,600 | i | Bear Stearns ALT-A Trust | LIBOR 1 M + 0.600% | 0.686 | 06/25/34 | 755,073 | |||||||||||
| Series - 2004 4 (Class A1) | |||||||||||||||||
| 1,280,510 | g,i | BHP Trust | LIBOR 1 M + 0.975% | 1.059 | 08/15/36 | 1,280,511 | |||||||||||
| Series - 2019 BXHP (Class A) | |||||||||||||||||
| 2,100,000 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 1.300% | 1.384 | 11/15/35 | 2,100,631 | |||||||||||
| Series - 2018 IND (Class D) | |||||||||||||||||
| 3,181,210 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 1.250% | 1.334 | 10/15/36 | 3,183,209 | |||||||||||
| Series - 2019 XL (Class C) | |||||||||||||||||
| 1,060,403 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 1.800% | 1.884 | 10/15/36 | 1,061,361 | |||||||||||
| Series - 2019 XL (Class E) | |||||||||||||||||
| 1,645,048 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 1.120% | 1.204 | 12/15/36 | 1,644,531 | |||||||||||
| Series - 2020 BXLP (Class C) | |||||||||||||||||
| 4,488,730 | g,i | Chase Mortgage Trust | 3.750 | 12/25/45 | 4,578,445 | ||||||||||||
| Series - 2016 SH2 (Class M2) | |||||||||||||||||
| 24,140 | Citicorp Mortgage Securities Trust | 5.500 | 02/25/26 | 24,477 | |||||||||||||
| Series - 2006 1 (Class 5A1) | |||||||||||||||||
| 1,400,000 | i | Citigroup Commercial Mortgage Trust | 4.134 | 04/10/46 | 1,449,340 | ||||||||||||
| Series - 2013 GC11 (Class C) | |||||||||||||||||
| 1,289,694 | g,i | Citigroup Mortgage Loan Trust | LIBOR 1 M + 0.290% | 2.631 | 09/25/36 | 1,252,254 | |||||||||||
| Series - 2006 AMC1 (Class A1) | |||||||||||||||||
| 3,623,360 | g | COMM Mortgage Trust | 3.397 | 03/10/46 | 3,704,702 | ||||||||||||
| Series - 2013 CR6 (Class B) | |||||||||||||||||
| 1,600,000 | g,i | COMM Mortgage Trust | 5.064 | 08/10/46 | 1,683,612 | ||||||||||||
| Series - 2013 CR10 (Class C) | |||||||||||||||||
| 2,014,904 | COMM Mortgage Trust | 4.701 | 03/10/47 | 2,154,295 | |||||||||||||
| Series - 2014 UBS2 (Class B) | |||||||||||||||||
| 2,000,000 | i | COMM Mortgage Trust | 4.703 | 08/10/47 | 2,160,824 | ||||||||||||
| Series - 2014 CR19 (Class B) | |||||||||||||||||
| 1,000,000 | g,i | COMM Mortgage Trust | 4.860 | 08/10/47 | 994,479 | ||||||||||||
| Series - 2014 CR19 (Class D) | |||||||||||||||||
| 4,115,000 | i | COMM Mortgage Trust | 4.478 | 07/10/48 | 4,460,015 | ||||||||||||
| Series - 2015 LC21 (Class B) | |||||||||||||||||
| 347 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 3,000,000 | i | COMM Mortgage Trust | 3.463 | % | 08/10/48 | $ | 2,791,642 | |||||||||
| Series - 2015 CR24 (Class D) | |||||||||||||||||
| 3,970,000 | i | COMM Mortgage Trust | 4.681 | 08/10/48 | 4,324,236 | ||||||||||||
| Series - 2015 CR25 (Class B) | |||||||||||||||||
| 963,156 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.600% | 2.686 | 05/25/24 | 974,794 | |||||||||||
| Series - 2014 C02 (Class 1M2) | |||||||||||||||||
| 3,811,828 | i | Connecticut Avenue Securities | LIBOR 1 M + 3.000% | 3.086 | 07/25/24 | 3,877,791 | |||||||||||
| Series - 2014 C03 (Class 1M2) | |||||||||||||||||
| 1,937,556 | i | Connecticut Avenue Securities | LIBOR 1 M + 4.250% | 4.336 | 01/25/29 | 2,008,488 | |||||||||||
| Series - 2016 C04 (Class 1M2) | |||||||||||||||||
| 3,149,233 | i | Connecticut Avenue Securities | LIBOR 1 M + 0.850% | 0.936 | 09/25/29 | 3,077,259 | |||||||||||
| Series - 2017 C02 (Class 2ED4) | |||||||||||||||||
| 9,676,907 | i | Connecticut Avenue Securities | LIBOR 1 M + 1.350% | 1.436 | 09/25/29 | 9,736,094 | |||||||||||
| Series - 2017 C02 (Class 2ED3) | |||||||||||||||||
| 6,939,556 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.286 | 01/25/30 | 7,091,520 | |||||||||||
| Series - 2017 C05 (Class 1M2) | |||||||||||||||||
| 2,170,565 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.650% | 2.736 | 02/25/30 | 2,207,195 | |||||||||||
| Series - 2017 C06 (Class 1M2) | |||||||||||||||||
| 1,323,523 | i | Connecticut Avenue Securities | LIBOR 1 M + 0.850% | 0.936 | 10/25/30 | 1,319,680 | |||||||||||
| Series - 2018 C03 (Class 1EA2) | |||||||||||||||||
| 2,086,194 | g,i | Connecticut Avenue Securities | LIBOR 1 M + 2.000% | 2.086 | 01/25/40 | 2,095,639 | |||||||||||
| Series - 2020 R02 (Class 2M2) | |||||||||||||||||
| 2,523,039 | g | Credit Suisse Commercial Mortgage Trust | 3.304 | 09/15/37 | 2,646,801 | ||||||||||||
| Series - 2014 USA (Class A1) | |||||||||||||||||
| 50,591 | Credit Suisse First Boston Mortgage Securities Corp | 5.750 | 09/25/33 | 51,257 | |||||||||||||
| Series - 2003 23 (Class 3A4) | |||||||||||||||||
| 4,150,000 | g,i | Credit Suisse Mortgage Capital Certificates | LIBOR 1 M + 0.980% | 1.064 | 05/15/36 | 4,161,893 | |||||||||||
| Series - 2019 ICE4 (Class A) | |||||||||||||||||
| 1,400,000 | g | CSMC | 2.816 | 08/15/37 | 1,449,827 | ||||||||||||
| Series - 2020 NET (Class B) | |||||||||||||||||
| 4,852,640 | g | CSMC Trust | 1.414 | 05/25/65 | 4,868,703 | ||||||||||||
| Series - 2020 NQM1 (Class A2) | |||||||||||||||||
| 68,818 | Deutsche Mortgage Securities, Inc Mortgage Loan Trust (Step Bond) | 5.940 | 07/25/34 | 69,172 | |||||||||||||
| Series - 2004 5 (Class A5B) | |||||||||||||||||
| 4,450,000 | g,i | Freddie Mac STACR REMIC Trust | 1.700 | 01/25/34 | 4,486,356 | ||||||||||||
| Series - 2021 DNA5 (Class M2) | |||||||||||||||||
| 1,050,000 | g | GS Mortgage Securities Corp II | 3.419 | 10/10/32 | 1,072,629 | ||||||||||||
| Series - 2017 SLP (Class A) | |||||||||||||||||
| 3,000,000 | g | GS Mortgage Securities Corp II | 2.954 | 11/05/34 | 3,045,289 | ||||||||||||
| Series - 2012 BWTR (Class A) | |||||||||||||||||
| 5,956,000 | g | GS Mortgage Securities Corp II | 3.682 | 02/10/46 | 6,109,586 | ||||||||||||
| Series - 2013 GC10 (Class B) | |||||||||||||||||
| 2,598,000 | g,i | GS Mortgage Securities Corp II | 4.548 | 02/10/46 | 2,456,461 | ||||||||||||
| Series - 2013 GC10 (Class D) | |||||||||||||||||
| 2,000,000 | g,i | GS Mortgage Securities Trust | LIBOR 1 M + 1.090% | 1.180 | 10/15/31 | 2,000,000 | |||||||||||
| Series - 2018 HART (Class A) | |||||||||||||||||
| 1,321,000 | g,i | GS Mortgage Securities Trust | 3.349 | 07/10/52 | 1,378,269 | ||||||||||||
| Series - 2019 GC40 (Class DBA) | |||||||||||||||||
| 9,000,000 | g,i | GS Mortgage Securities Trust | 3.501 | 07/10/52 | 9,365,775 | ||||||||||||
| Series - 2019 GC40 (Class DBB) | |||||||||||||||||
| 4,000,000 | g,i | GS Mortgage Securities Trust | 3.668 | 07/10/52 | 4,135,910 | ||||||||||||
| Series - 2019 GC40 (Class DBC) | |||||||||||||||||
| 348 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 4,591,057 | i | GS Mortgage-Backed Securities Corp Trust | 3.000 | % | 03/27/51 | $ | 4,679,820 | |||||||||
| Series - 2020 PJ5 (Class A4) | |||||||||||||||||
| 372,677 | IMC Home Equity Loan Trust (Step Bond) | 5.432 | 08/20/29 | 382,638 | |||||||||||||
| Series - 1998 3 (Class A7) | |||||||||||||||||
| 85,489 | i | Impac CMB Trust | LIBOR 1 M + 0.660% | 0.746 | 03/25/35 | 87,871 | |||||||||||
| Series - 2004 11 (Class 2A1) | |||||||||||||||||
| 4,724,484 | g,i | JP Morgan Chase Commercial Mortgage Securities Corp | LIBOR 1 M + 0.800% | 0.884 | 04/15/38 | 4,739,763 | |||||||||||
| Series - 2021 MHC (Class A) | |||||||||||||||||
| 6,170,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Corp | 5.360 | 02/15/46 | 5,731,216 | ||||||||||||
| Series - 2011 C3 (Class C) | |||||||||||||||||
| 600,000 | g | JP Morgan Chase Commercial Mortgage Securities Trust | 4.021 | 07/05/32 | 608,237 | ||||||||||||
| Series - 2012 HSBC (Class C) | |||||||||||||||||
| 3,843,000 | i | JP Morgan Chase Commercial Mortgage Securities Trust | 4.213 | 01/15/46 | 4,010,200 | ||||||||||||
| Series - 2013 C13 (Class C) | |||||||||||||||||
| 1,713,556 | g,i | JP Morgan Chase Commercial Mortgage Securities Trust | 5.013 | 02/15/46 | 1,742,168 | ||||||||||||
| Series - 2011 C3 (Class B) | |||||||||||||||||
| 2,300,000 | JP Morgan Chase Commercial Mortgage Securities Trust | 2.870 | 08/15/49 | 2,431,848 | |||||||||||||
| Series - 2016 JP3 (Class A5) | |||||||||||||||||
| 137,110 | g,i | JP Morgan Mortgage Trust | LIBOR 1 M + 0.950% | 1.036 | 10/25/49 | 137,827 | |||||||||||
| Series - 2019 INV1 (Class A11) | |||||||||||||||||
| 301,627 | JPMBB Commercial Mortgage Securities Trust | 3.657 | 09/15/47 | 315,509 | |||||||||||||
| Series - 2014 C23 (Class ASB) | |||||||||||||||||
| 1,200,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.773 | 08/15/48 | 1,307,219 | ||||||||||||
| Series - 2015 C31 (Class B) | |||||||||||||||||
| 4,715,169 | g,i | Merit | LIBOR 1 M + 1.150% | 1.234 | 08/15/37 | 4,716,657 | |||||||||||
| Series - 2020 HILL (Class A) | |||||||||||||||||
| 2,074,674 | g,i | Merit | LIBOR 1 M + 1.700% | 1.784 | 08/15/37 | 2,077,274 | |||||||||||
| Series - 2020 HILL (Class C) | |||||||||||||||||
| 7,000,000 | g,i | MHC Commercial Mortgage Trust | LIBOR 1 M + 0.801% | 0.885 | 04/15/38 | 7,006,318 | |||||||||||
| Series - 2021 MHC (Class A) | |||||||||||||||||
| 5,000,000 | g,i | MHC Commercial Mortgage Trust | LIBOR 1 M + 1.101% | 1.185 | 04/15/38 | 5,003,139 | |||||||||||
| Series - 2021 MHC (Class B) | |||||||||||||||||
| 1,858,985 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 3.989 | 12/15/46 | 1,980,155 | ||||||||||||
| Series - 2014 C19 (Class LNC1) | |||||||||||||||||
| 154,365 | i | Morgan Stanley Capital I Trust | LIBOR 1 M + 0.825% | 0.911 | 08/25/34 | 153,219 | |||||||||||
| Series - 2004 HE6 (Class M1) | |||||||||||||||||
| 9,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 1.500% | 1.584 | 07/15/36 | 9,497,168 | |||||||||||
| Series - 2019 MILE (Class A) | |||||||||||||||||
| 7,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 2.200% | 2.284 | 07/15/36 | 7,497,763 | |||||||||||
| Series - 2019 MILE (Class C) | |||||||||||||||||
| 1,000,000 | g | Natixis Commercial Mortgage Securities Trust | 2.966 | 12/15/38 | 1,043,555 | ||||||||||||
| Series - 2020 2PAC (Class A) | |||||||||||||||||
| 589,437 | g,i | New Residential Mortgage Loan Trust | 3.750 | 05/28/52 | 619,297 | ||||||||||||
| Series - 2015 1A (Class A3) | |||||||||||||||||
| 696,834 | g,i | New Residential Mortgage Loan Trust | 3.750 | 05/25/54 | 735,058 | ||||||||||||
| Series - 2014 2A (Class A3) | |||||||||||||||||
| 434,226 | g,i | New Residential Mortgage Loan Trust | 3.750 | 11/25/54 | 460,424 | ||||||||||||
| Series - 2014 3A (Class AFX3) | |||||||||||||||||
| 349 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 766,593 | g,i | New Residential Mortgage Loan Trust | 3.750 | % | 03/25/56 | $ | 819,190 | |||||||||
| Series - 2016 1A (Class A1) | |||||||||||||||||
| 902,447 | g,i | New Residential Mortgage Loan Trust | 4.000 | 02/25/57 | 965,020 | ||||||||||||
| Series - 2017 1A (Class A1) | |||||||||||||||||
| 1,268,485 | g,i | New Residential Mortgage Loan Trust | 4.000 | 12/25/57 | 1,353,740 | ||||||||||||
| Series - 2018 1A (Class A1A) | |||||||||||||||||
| 825,240 | g,i | New Residential Mortgage Loan Trust | 4.750 | 12/25/57 | 866,711 | ||||||||||||
| Series - 2018 5A (Class A1) | |||||||||||||||||
| 1,142,669 | g,i | OBX Trust | LIBOR 1 M + 0.650% | 0.736 | 06/25/57 | 1,142,895 | |||||||||||
| Series - 2018 1 (Class A2) | |||||||||||||||||
| 7,000,000 | g,i | OPG Trust | LIBOR 1 M + 0.713% | 0.813 | 10/15/36 | 6,941,928 | |||||||||||
| Series - 2021 PORT (Class B) | |||||||||||||||||
| 6,000,000 | g,i | OPG Trust | LIBOR 1 M + 1.529% | 1.629 | 10/15/36 | 5,950,092 | |||||||||||
| Series - 2021 PORT (Class E) | |||||||||||||||||
| 2,000,000 | g,i | PKHL Commercial Mortgage Trust | LIBOR 1 M + 2.000% | 2.084 | 07/15/38 | 2,001,494 | |||||||||||
| Series - 2021 MF (Class D) | |||||||||||||||||
| 2,000,000 | g | RBS Commercial Funding, Inc Trust | 3.511 | 03/11/31 | 2,015,077 | ||||||||||||
| Series - 2013 SMV (Class B) | |||||||||||||||||
| 7,886,000 | g,i | RLGH Trust | LIBOR 1 M + 1.165% | 1.249 | 04/15/36 | 7,879,424 | |||||||||||
| Series - 2021 TROT (Class B) | |||||||||||||||||
| 4,110 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 4,108 | ||||||||||||
| Series - 2017 1 (Class A4) | |||||||||||||||||
| 7,841 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 7,836 | ||||||||||||
| Series - 2017 2 (Class A4) | |||||||||||||||||
| 495,814 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 496,822 | ||||||||||||
| Series - 2017 2 (Class A10) | |||||||||||||||||
| 932,652 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/50 | 933,791 | ||||||||||||
| Series - 2020 1 (Class A4) | |||||||||||||||||
| 312,547 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/50 | 314,115 | ||||||||||||
| Series - 2020 2 (Class A4) | |||||||||||||||||
| 1,639,713 | i | Structured Adjustable Rate Mortgage Loan Trust | LIBOR 1 M + 0.370% | 0.456 | 07/25/34 | 1,683,764 | |||||||||||
| Series - 2004 9XS (Class A) | |||||||||||||||||
| 2,743,984 | i | Structured Agency Credit Risk Debt Note (STACR) | LIBOR 1 M + 1.200% | 1.286 | 10/25/29 | 2,744,880 | |||||||||||
| Series - 2017 DNA2 (Class M1) | |||||||||||||||||
| 3,500,000 | i | STACR | LIBOR 1 M + 2.500% | 2.586 | 03/25/30 | 3,589,555 | |||||||||||
| Series - 2017 DNA3 (Class M2) | |||||||||||||||||
| 8,632,500 | i | STACR | LIBOR 1 M + 2.500% | 2.586 | 03/25/30 | 8,741,636 | |||||||||||
| Series - 2017 DNA3 (Class M2B) | |||||||||||||||||
| 3,723,000 | g,i | UBS-Citigroup Commercial Mortgage Trust | 6.452 | 01/10/45 | 3,729,217 | ||||||||||||
| Series - 2011 C1 (Class B) | |||||||||||||||||
| 4,904,343 | g | Verus Securitization Trust | 2.938 | 07/25/59 | 4,932,879 | ||||||||||||
| Series - 2019 3 (Class A2) | |||||||||||||||||
| 11,490,604 | g | Verus Securitization Trust | 2.417 | 01/25/60 | 11,627,820 | ||||||||||||
| Series - 2020 1 (Class A1) | |||||||||||||||||
| 5,212,506 | g | Verus Securitization Trust | 2.724 | 01/25/60 | 5,268,006 | ||||||||||||
| Series - 2020 1 (Class A3) | |||||||||||||||||
| 1,274,000 | Wells Fargo Commercial Mortgage Trust | 3.539 | 10/15/45 | 1,303,424 | |||||||||||||
| Series - 2012 LC5 (Class AS) | |||||||||||||||||
| 896,000 | g,i | Wells Fargo Commercial Mortgage Trust | 4.916 | 10/15/45 | 909,632 | ||||||||||||
| Series - 2012 LC5 (Class D) | |||||||||||||||||
| 1,000,000 | i | WFRBS | 3.910 | 05/15/45 | 1,012,355 | ||||||||||||
| Series - 2013 C13 (Class C) | |||||||||||||||||
| 350 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| $ | 1,500,000 | i | WFRBS Commercial Mortgage Trust | 4.325 | % | 03/15/45 | $ | 1,544,333 | |||||||||
| Series - 2013 C11 (Class C) | |||||||||||||||||
| 530,000 | i | WFRBS Commercial Mortgage Trust | 4.153 | 08/15/46 | 557,791 | ||||||||||||
| Series - 2013 C15 (Class A4) | |||||||||||||||||
| 2,500,000 | i | WFRBS Commercial Mortgage Trust | 4.204 | 11/15/47 | 2,528,697 | ||||||||||||
| Series - 2014 C24 (Class B) | |||||||||||||||||
| TOTAL OTHER MORTGAGE BACKED | 281,882,539 | ||||||||||||||||
| TOTAL STRUCTURED ASSETS | 547,363,623 | ||||||||||||||||
| (Cost $545,884,594) | |||||||||||||||||
| TOTAL BONDS | 1,943,392,559 | ||||||||||||||||
| (Cost $1,929,780,013) | |||||||||||||||||
| SHORT-TERM INVESTMENTS - 5.0% | |||||||||||||||||
| GOVERNMENT AGENCY DEBT - 2.9% | |||||||||||||||||
| 26,031,000 | Federal Home Loan Bank (FHLB) | 0.000 | 10/13/21 | 26,030,826 | |||||||||||||
| 23,972,000 | FHLB | 0.000 | 10/22/21 | 23,971,720 | |||||||||||||
| 10,000,000 | FHLB | 0.000 | 10/25/21 | 9,999,867 | |||||||||||||
| TOTAL GOVERNMENT AGENCY DEBT | 60,002,413 | ||||||||||||||||
| REPURCHASE AGREEMENT - 1.6% | |||||||||||||||||
| 32,795,000 | r | Fixed Income Clearing Corp (FICC) | 0.010 | 10/01/21 | 32,795,000 | ||||||||||||
| TOTAL REPURCHASE AGREEMENT | 32,795,000 | ||||||||||||||||
| TREASURY DEBT - 0.1% | |||||||||||||||||
| 1,800,000 | United States Treasury Bill | 0.000 | 06/16/22 | 1,799,194 | |||||||||||||
| TOTAL TREASURY DEBT | 1,799,194 | ||||||||||||||||
| SHARES | COMPANY | ||||||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.4% | |||||||||||||||||
| 8,026,626 | c | State Street Navigator Securities Lending Government Money Market Portfolio |
0.030 | 8,026,626 | |||||||||||||
| TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 8,026,626 | ||||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | 102,623,233 | ||||||||||||||||
| (Cost $102,622,738) | |||||||||||||||||
| TOTAL INVESTMENTS - 101.3% | 2,093,550,335 | ||||||||||||||||
| (Cost $2,080,099,957) | |||||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - (1.3)% | (24,980,339 | ) | |||||||||||||||
| NET ASSETS - 100.0% | $ | 2,068,569,996 | |||||||||||||||
| Abbreviation(s): | |||
| LIBOR | London Interbank Offered Rate | ||
| M | Month | ||
| REIT | Real Estate Investment Trust | ||
| † | 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 $7,847,546. | ||
| 351 |
TIAA-CREF FUNDS – Short-Term Bond Fund
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities is $709,945,300 or 34.3% 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. | ||
| k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. | ||
| r | Agreement with Fixed Income Clearing Corp (FICC), 0.010% dated 9/30/2021 to be repurchased at $32,795,000 on 10/1/2021, collateralized by U.S. Treasury Notes valued at $33,450,918. | ||
Futures contracts outstanding as of September 30, 2021 were as follows:
| Description | Number of long (short) contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation) | |||||||||||
| US Ultra Bond (CBT) | (35) | 12/21/21 | $ | (5,176,649 | ) | $ | (5,083,750 | ) | $ | 92,899 | ||||||
| US Long Bond (CBT) | (40) | 12/21/21 | (6,484,166 | ) | (6,368,750 | ) | 115,416 | |||||||||
| US 10 Year Note (CBT) | (576) | 12/21/21 | (76,668,848 | ) | (75,807,000 | ) | 861,848 | |||||||||
| US 5 Year Note (CBT) | (100) | 12/31/21 | (12,289,652 | ) | (12,274,219 | ) | 15,433 | |||||||||
| Total | (751) | $ | (100,619,315 | ) | $ | (99,533,719 | ) | $ | 1,085,596 | |||||||
| 352 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
TIAA-CREF FUNDS
SHORT-TERM BOND INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
September 30, 2021
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| BONDS - 99.7% | |||||||||||||||
| CORPORATE BONDS - 23.5% | |||||||||||||||
| AUTOMOBILES & COMPONENTS - 0.1% | |||||||||||||||
| $ | 200,000 | General Motors Co | 5.400 | % | 10/02/23 | $ | 218,112 | ||||||||
| 500,000 | Toyota Motor Corp | 0.681 | 03/25/24 | 500,621 | |||||||||||
| TOTAL AUTOMOBILES & COMPONENTS | 718,733 | ||||||||||||||
| BANKS - 7.0% | |||||||||||||||
| 1,220,000 | Asian Development Bank | 0.625 | 10/08/24 | 1,219,395 | |||||||||||
| 250,000 | Australia & New Zealand Banking Group Ltd | 2.050 | 11/21/22 | 255,269 | |||||||||||
| 200,000 | Banco Bilbao Vizcaya Argentaria S.A. | 0.875 | 09/18/23 | 201,212 | |||||||||||
| 400,000 | Banco Santander S.A. | 3.125 | 02/23/23 | 414,243 | |||||||||||
| 200,000 | Banco Santander S.A. | 3.848 | 04/12/23 | 210,027 | |||||||||||
| 1,000,000 | Banco Santander S.A. | 0.701 | 06/30/24 | 1,001,829 | |||||||||||
| 200,000 | Bank of America Corp | 2.503 | 10/21/22 | 200,214 | |||||||||||
| 500,000 | Bank of America Corp | 3.300 | 01/11/23 | 518,889 | |||||||||||
| 1,950,000 | Bank of America Corp | 2.881 | 04/24/23 | 1,976,704 | |||||||||||
| 500,000 | Bank of America Corp | 3.550 | 03/05/24 | 521,222 | |||||||||||
| 500,000 | Bank of America Corp | 1.486 | 05/19/24 | 507,409 | |||||||||||
| 1,000,000 | Bank of America Corp | 0.523 | 06/14/24 | 999,577 | |||||||||||
| 1,200,000 | Bank of America Corp | 3.864 | 07/23/24 | 1,269,949 | |||||||||||
| 700,000 | Bank of America Corp | 4.200 | 08/26/24 | 765,683 | |||||||||||
| 1,250,000 | Bank of America Corp | 0.810 | 10/24/24 | 1,254,330 | |||||||||||
| 1,000,000 | Bank of America Corp | 3.458 | 03/15/25 | 1,063,912 | |||||||||||
| 1,000,000 | Bank of America Corp | 0.976 | 04/22/25 | 1,005,318 | |||||||||||
| 750,000 | Bank of America Corp | 0.981 | 09/25/25 | 751,035 | |||||||||||
| 250,000 | Bank of America NA | 3.335 | 01/25/23 | 252,387 | |||||||||||
| 250,000 | Bank of Montreal | 0.450 | 12/08/23 | 250,207 | |||||||||||
| 1,500,000 | Bank of Montreal | 0.625 | 07/09/24 | 1,496,885 | |||||||||||
| 1,000,000 | Bank of Montreal | 4.338 | 10/05/28 | 1,067,793 | |||||||||||
| 150,000 | Bank of Nova Scotia | 2.375 | 01/18/23 | 154,036 | |||||||||||
| 500,000 | Bank of Nova Scotia | 1.950 | 02/01/23 | 510,654 | |||||||||||
| 250,000 | Bank of Nova Scotia | 1.625 | 05/01/23 | 255,108 | |||||||||||
| 500,000 | Bank of Nova Scotia | 0.550 | 09/15/23 | 501,315 | |||||||||||
| 1,000,000 | Bank of Nova Scotia | 0.700 | 04/15/24 | 1,000,052 | |||||||||||
| 200,000 | Bank of Nova Scotia | 4.650 | N/A‡ | 200,300 | |||||||||||
| 850,000 | Barclays plc | 4.610 | 02/15/23 | 862,988 | |||||||||||
| 1,000,000 | Barclays plc | 4.375 | 09/11/24 | 1,089,506 | |||||||||||
| 500,000 | Barclays plc | 1.007 | 12/10/24 | 502,299 | |||||||||||
| 1,000,000 | Canadian Imperial Bank of Commerce | 0.450 | 06/22/23 | 999,968 | |||||||||||
| 400,000 | Canadian Imperial Bank of Commerce | 0.950 | 06/23/23 | 403,318 | |||||||||||
| 750,000 | Canadian Imperial Bank of Commerce | 0.500 | 12/14/23 | 749,167 | |||||||||||
| 510,000 | Citigroup, Inc | 2.700 | 10/27/22 | 522,128 | |||||||||||
| 100,000 | Citigroup, Inc | 2.312 | 11/04/22 | 100,153 | |||||||||||
| 300,000 | Citigroup, Inc | 3.142 | 01/24/23 | 302,522 | |||||||||||
| 353 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 750,000 | Citigroup, Inc | 2.876 | % | 07/24/23 | $ | 764,712 | ||||||||
| 1,250,000 | Citigroup, Inc | 1.678 | 05/15/24 | 1,274,315 | |||||||||||
| 1,000,000 | Citigroup, Inc | 4.000 | 08/05/24 | 1,084,662 | |||||||||||
| 750,000 | Citigroup, Inc | 0.776 | 10/30/24 | 752,876 | |||||||||||
| 1,000,000 | Citigroup, Inc | 0.981 | 05/01/25 | 1,003,239 | |||||||||||
| 300,000 | Comerica, Inc | 3.700 | 07/31/23 | 316,842 | |||||||||||
| 250,000 | Cooperatieve Rabobank UA | 2.750 | 01/10/23 | 257,749 | |||||||||||
| 750,000 | Cooperatieve Rabobank UA | 4.625 | 12/01/23 | 812,696 | |||||||||||
| 1,000,000 | Cooperatieve Rabobank UA | 0.375 | 01/12/24 | 995,409 | |||||||||||
| 500,000 | Discover Bank | 3.350 | 02/06/23 | 517,986 | |||||||||||
| 300,000 | Discover Bank | 2.450 | 09/12/24 | 312,845 | |||||||||||
| 250,000 | Discover Bank | 4.682 | 08/09/28 | 265,947 | |||||||||||
| 300,000 | Fifth Third Bancorp | 1.625 | 05/05/23 | 305,491 | |||||||||||
| 1,000,000 | Fifth Third Bancorp | 3.650 | 01/25/24 | 1,066,952 | |||||||||||
| 250,000 | First Horizon National Corp | 3.550 | 05/26/23 | 260,863 | |||||||||||
| 250,000 | First Republic Bank | 1.912 | 02/12/24 | 255,049 | |||||||||||
| 175,000 | FNB Corp | 2.200 | 02/24/23 | 177,570 | |||||||||||
| 500,000 | HSBC Holdings plc | 3.262 | 03/13/23 | 506,295 | |||||||||||
| 380,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 390,774 | |||||||||||
| 500,000 | HSBC Holdings plc | 4.250 | 03/14/24 | 537,166 | |||||||||||
| 1,300,000 | HSBC Holdings plc | 3.950 | 05/18/24 | 1,368,957 | |||||||||||
| 800,000 | HSBC Holdings plc | 0.732 | 08/17/24 | 800,536 | |||||||||||
| 650,000 | HSBC Holdings plc | 0.976 | 05/24/25 | 648,855 | |||||||||||
| 300,000 | Huntington Bancshares, Inc | 2.625 | 08/06/24 | 314,662 | |||||||||||
| 250,000 | Huntington National Bank | 1.800 | 02/03/23 | 254,716 | |||||||||||
| 300,000 | Industrial & Commercial Bank of China Ltd | 2.957 | 11/08/22 | 306,989 | |||||||||||
| 400,000 | ING Groep NV | 4.100 | 10/02/23 | 428,146 | |||||||||||
| 1,000,000 | Inter-American Development Bank | 0.500 | 09/23/24 | 997,196 | |||||||||||
| 500,000 | JPMorgan Chase & Co | 3.200 | 01/25/23 | 519,034 | |||||||||||
| 1,450,000 | JPMorgan Chase & Co | 3.207 | 04/01/23 | 1,470,270 | |||||||||||
| 1,000,000 | JPMorgan Chase & Co | 0.697 | 03/16/24 | 1,002,888 | |||||||||||
| 1,000,000 | JPMorgan Chase & Co | 3.559 | 04/23/24 | 1,046,893 | |||||||||||
| 500,000 | JPMorgan Chase & Co | 1.514 | 06/01/24 | 508,325 | |||||||||||
| 700,000 | JPMorgan Chase & Co | 3.797 | 07/23/24 | 740,007 | |||||||||||
| 750,000 | JPMorgan Chase & Co | 3.875 | 09/10/24 | 815,460 | |||||||||||
| 500,000 | JPMorgan Chase & Co | 0.653 | 09/16/24 | 501,249 | |||||||||||
| 750,000 | JPMorgan Chase & Co | 4.023 | 12/05/24 | 803,310 | |||||||||||
| 300,000 | JPMorgan Chase & Co | 0.563 | 02/16/25 | 298,754 | |||||||||||
| 1,000,000 | JPMorgan Chase & Co | 0.824 | 06/01/25 | 999,822 | |||||||||||
| 1,000,000 | JPMorgan Chase & Co | 0.969 | 06/23/25 | 1,001,226 | |||||||||||
| 500,000 | JPMorgan Chase & Co | 0.768 | 08/09/25 | 497,968 | |||||||||||
| 250,000 | KeyBank NA | 3.375 | 03/07/23 | 260,765 | |||||||||||
| 250,000 | KeyBank NA | 1.250 | 03/10/23 | 253,332 | |||||||||||
| 750,000 | KeyBank NA | 0.423 | 01/03/24 | 749,942 | |||||||||||
| 200,000 | Lloyds Banking Group plc | 2.858 | 03/17/23 | 202,226 | |||||||||||
| 150,000 | Lloyds Banking Group plc | 1.326 | 06/15/23 | 150,963 | |||||||||||
| 300,000 | Lloyds Banking Group plc | 4.050 | 08/16/23 | 319,407 | |||||||||||
| 300,000 | Lloyds Banking Group plc | 2.907 | 11/07/23 | 307,797 | |||||||||||
| 1,000,000 | Lloyds Banking Group plc | 0.695 | 05/11/24 | 1,002,584 | |||||||||||
| 350,000 | Mitsubishi UFJ Financial Group, Inc | 3.455 | 03/02/23 | 365,113 | |||||||||||
| 500,000 | Mitsubishi UFJ Financial Group, Inc | 3.761 | 07/26/23 | 529,730 | |||||||||||
| 1,000,000 | Mitsubishi UFJ Financial Group, Inc | 3.407 | 03/07/24 | 1,064,642 | |||||||||||
| 600,000 | Mitsubishi UFJ Financial Group, Inc | 0.848 | 09/15/24 | 602,670 | |||||||||||
| 1,500,000 | Mitsubishi UFJ Financial Group, Inc | 0.953 | 07/19/25 | 1,501,704 | |||||||||||
| 354 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 200,000 | Mizuho Financial Group, Inc | 2.721 | % | 07/16/23 | $ | 203,642 | ||||||||
| 750,000 | Mizuho Financial Group, Inc | 0.849 | 09/08/24 | 752,533 | |||||||||||
| 300,000 | Mizuho Financial Group, Inc | 2.839 | 07/16/25 | 315,408 | |||||||||||
| 500,000 | National Australia Bank Ltd | 3.625 | 06/20/23 | 527,431 | |||||||||||
| 250,000 | National Bank of Canada | 2.100 | 02/01/23 | 255,503 | |||||||||||
| 500,000 | National Bank of Canada | 0.750 | 08/06/24 | 498,668 | |||||||||||
| 250,000 | National Bank of Canada | 0.550 | 11/15/24 | 249,501 | |||||||||||
| 1,250,000 | NatWest Group plc | 2.359 | 05/22/24 | 1,282,666 | |||||||||||
| 1,000,000 | Nordic Investment Bank | 0.375 | 09/20/24 | 993,922 | |||||||||||
| 250,000 | PNC Bank NA | 2.028 | 12/09/22 | 250,769 | |||||||||||
| 250,000 | PNC Bank NA | 1.743 | 02/24/23 | 251,468 | |||||||||||
| 500,000 | PNC Bank NA | 3.500 | 06/08/23 | 525,170 | |||||||||||
| 500,000 | PNC Financial Services Group, Inc | 3.500 | 01/23/24 | 531,579 | |||||||||||
| 250,000 | Royal Bank of Canada | 1.950 | 01/17/23 | 255,262 | |||||||||||
| 200,000 | Royal Bank of Canada | 1.600 | 04/17/23 | 203,861 | |||||||||||
| 500,000 | Royal Bank of Canada | 0.500 | 10/26/23 | 500,292 | |||||||||||
| 750,000 | Royal Bank of Canada | 0.425 | 01/19/24 | 746,850 | |||||||||||
| 1,000,000 | Royal Bank of Canada | 0.650 | 07/29/24 | 997,880 | |||||||||||
| 300,000 | Royal Bank of Scotland Group plc | 3.498 | 05/15/23 | 305,460 | |||||||||||
| 1,000,000 | Royal Bank of Scotland Group plc | 4.519 | 06/25/24 | 1,064,374 | |||||||||||
| 500,000 | Royal Bank of Scotland Group plc | 4.269 | 03/22/25 | 539,570 | |||||||||||
| 200,000 | Santander Holdings USA, Inc | 3.400 | 01/18/23 | 206,828 | |||||||||||
| 150,000 | Santander Holdings USA, Inc | 3.244 | 10/05/26 | 160,233 | |||||||||||
| 450,000 | Santander UK Group Holdings plc | 4.796 | 11/15/24 | 487,220 | |||||||||||
| 1,000,000 | Santander UK Group Holdings plc | 1.089 | 03/15/25 | 1,001,753 | |||||||||||
| 502,000 | Sumitomo Mitsui Financial Group, Inc | 3.102 | 01/17/23 | 519,484 | |||||||||||
| 500,000 | Sumitomo Mitsui Financial Group, Inc | 3.748 | 07/19/23 | 529,795 | |||||||||||
| 1,000,000 | Sumitomo Mitsui Financial Group, Inc | 0.508 | 01/12/24 | 996,764 | |||||||||||
| 300,000 | Sumitomo Mitsui Financial Group, Inc | 2.696 | 07/16/24 | 315,111 | |||||||||||
| 500,000 | Sumitomo Mitsui Financial Group, Inc | 2.448 | 09/27/24 | 522,655 | |||||||||||
| 250,000 | Synovus Bank | 2.289 | 02/10/23 | 251,095 | |||||||||||
| 1,000,000 | Toronto-Dominion Bank | 0.250 | 01/06/23 | 999,385 | |||||||||||
| 1,000,000 | Toronto-Dominion Bank | 0.300 | 06/02/23 | 998,711 | |||||||||||
| 500,000 | Toronto-Dominion Bank | 0.750 | 06/12/23 | 502,939 | |||||||||||
| 300,000 | Toronto-Dominion Bank | 0.450 | 09/11/23 | 300,069 | |||||||||||
| 1,000,000 | Toronto-Dominion Bank | 0.550 | 03/04/24 | 997,254 | |||||||||||
| 550,000 | Truist Bank | 1.250 | 03/09/23 | 557,202 | |||||||||||
| 250,000 | Truist Financial Corp | 2.200 | 03/16/23 | 256,502 | |||||||||||
| 750,000 | Truist Financial Corp | 3.750 | 12/06/23 | 801,126 | |||||||||||
| 1,000,000 | US Bancorp | 2.400 | 07/30/24 | 1,047,607 | |||||||||||
| 500,000 | US Bank NA | 3.400 | 07/24/23 | 526,719 | |||||||||||
| 500,000 | Wells Fargo & Co | 3.450 | 02/13/23 | 520,371 | |||||||||||
| 900,000 | Wells Fargo & Co | 4.125 | 08/15/23 | 958,485 | |||||||||||
| 1,250,000 | Wells Fargo & Co | 4.480 | 01/16/24 | 1,353,299 | |||||||||||
| 400,000 | Wells Fargo & Co | 1.654 | 06/02/24 | 407,818 | |||||||||||
| 1,000,000 | Wells Fargo & Co | 0.805 | 05/19/25 | 1,001,300 | |||||||||||
| 400,000 | Westpac Banking Corp | 2.000 | 01/13/23 | 408,599 | |||||||||||
| TOTAL BANKS | 87,732,712 | ||||||||||||||
| CAPITAL GOODS - 1.7% | |||||||||||||||
| 500,000 | 3M Co | 1.750 | 02/14/23 | 509,586 | |||||||||||
| 350,000 | Air Lease Corp | 2.250 | 01/15/23 | 357,645 | |||||||||||
| 300,000 | Air Lease Corp | 3.875 | 07/03/23 | 315,406 | |||||||||||
| 355 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 750,000 | Air Lease Corp | 0.700 | % | 02/15/24 | $ | 745,284 | ||||||||
| 1,000,000 | Air Lease Corp | 0.800 | 08/18/24 | 993,971 | |||||||||||
| 800,000 | Boeing Co | 4.508 | 05/01/23 | 845,169 | |||||||||||
| 500,000 | Boeing Co | 1.950 | 02/01/24 | 511,703 | |||||||||||
| 1,250,000 | Boeing Co | 1.433 | 02/04/24 | 1,251,869 | |||||||||||
| 1,000,000 | Carlisle Cos, Inc | 0.550 | 09/01/23 | 999,569 | |||||||||||
| 1,000,000 | Caterpillar Financial Services Corp | 0.250 | 03/01/23 | 1,000,211 | |||||||||||
| 750,000 | Caterpillar Financial Services Corp | 0.650 | 07/07/23 | 754,575 | |||||||||||
| 300,000 | Caterpillar Financial Services Corp | 0.450 | 09/14/23 | 300,733 | |||||||||||
| 1,000,000 | Caterpillar Financial Services Corp | 0.450 | 05/17/24 | 998,105 | |||||||||||
| 750,000 | Caterpillar Financial Services Corp | 0.600 | 09/13/24 | 749,751 | |||||||||||
| 100,000 | CNH Industrial Capital LLC | 1.950 | 07/02/23 | 102,218 | |||||||||||
| 200,000 | CNH Industrial Capital LLC | 4.200 | 01/15/24 | 214,648 | |||||||||||
| 200,000 | CNH Industrial NV | 4.500 | 08/15/23 | 213,771 | |||||||||||
| 250,000 | Eaton Corp | 2.750 | 11/02/22 | 256,455 | |||||||||||
| 460,000 | General Dynamics Corp | 3.375 | 05/15/23 | 481,590 | |||||||||||
| 500,000 | General Electric Co | 3.450 | 05/15/24 | 531,777 | |||||||||||
| 150,000 | Honeywell International, Inc | 0.483 | 08/19/22 | 150,017 | |||||||||||
| 500,000 | g | Huntington Ingalls Industries, Inc | 0.670 | 08/16/23 | 499,845 | ||||||||||
| 250,000 | John Deere Capital Corp | 2.700 | 01/06/23 | 257,742 | |||||||||||
| 525,000 | John Deere Capital Corp | 1.200 | 04/06/23 | 532,029 | |||||||||||
| 250,000 | John Deere Capital Corp | 0.700 | 07/05/23 | 251,652 | |||||||||||
| 500,000 | John Deere Capital Corp | 0.400 | 10/10/23 | 500,383 | |||||||||||
| 1,000,000 | John Deere Capital Corp | 0.450 | 01/17/24 | 999,927 | |||||||||||
| 1,000,000 | John Deere Capital Corp | 0.450 | 06/07/24 | 997,148 | |||||||||||
| 500,000 | e | John Deere Capital Corp | 0.625 | 09/10/24 | 500,229 | ||||||||||
| 500,000 | L3Harris Technologies, Inc | 3.850 | 06/15/23 | 526,803 | |||||||||||
| 300,000 | Lennox International, Inc | 3.000 | 11/15/23 | 313,505 | |||||||||||
| 250,000 | Lockheed Martin Corp | 3.100 | 01/15/23 | 257,840 | |||||||||||
| 750,000 | Quanta Services, Inc | 0.950 | 10/01/24 | 750,345 | |||||||||||
| 500,000 | Rockwell Automation, Inc | 0.350 | 08/15/23 | 500,307 | |||||||||||
| 500,000 | Roper Technologies, Inc | 0.450 | 08/15/22 | 500,848 | |||||||||||
| 500,000 | Teledyne Technologies, Inc | 0.650 | 04/01/23 | 499,821 | |||||||||||
| 500,000 | Teledyne Technologies, Inc | 0.950 | 04/01/24 | 500,874 | |||||||||||
| 200,000 | Wabtec Corp | 4.400 | 03/15/24 | 215,014 | |||||||||||
| TOTAL CAPITAL GOODS | 20,888,365 | ||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.1% | |||||||||||||||
| 100,000 | Leidos, Inc | 2.950 | 05/15/23 | 103,363 | |||||||||||
| 200,000 | RELX Capital, Inc | 3.500 | 03/16/23 | 208,392 | |||||||||||
| 164,000 | Republic Services, Inc | 4.750 | 05/15/23 | 173,545 | |||||||||||
| 300,000 | Republic Services, Inc | 2.500 | 08/15/24 | 314,153 | |||||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 799,453 | ||||||||||||||
| CONSUMER DURABLES & APPAREL - 0.1% | |||||||||||||||
| 250,000 | Brunswick Corp | 0.850 | 08/18/24 | 250,023 | |||||||||||
| 300,000 | DR Horton, Inc | 4.375 | 09/15/22 | 308,012 | |||||||||||
| 500,000 | Lennar Corp | 4.875 | 12/15/23 | 539,390 | |||||||||||
| TOTAL CONSUMER DURABLES & APPAREL | 1,097,425 | ||||||||||||||
| CONSUMER SERVICES - 0.2% | |||||||||||||||
| 200,000 | Expedia Group, Inc | 3.600 | 12/15/23 | 211,697 | |||||||||||
| 300,000 | Expedia Group, Inc | 4.500 | 08/15/24 | 326,074 | |||||||||||
| 356 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 100,000 | Hyatt Hotels Corp | 1.300 | % | 10/01/23 | $ | 100,133 | ||||||||
| 250,000 | Hyatt Hotels Corp | 1.800 | 10/01/24 | 250,530 | |||||||||||
| 500,000 | Las Vegas Sands Corp | 3.200 | 08/08/24 | 513,374 | |||||||||||
| 500,000 | Marriott International, Inc | 3.600 | 04/15/24 | 532,737 | |||||||||||
| 300,000 | McDonald’s Corp | 3.350 | 04/01/23 | 312,471 | |||||||||||
| 200,000 | Starbucks Corp | 3.100 | 03/01/23 | 207,195 | |||||||||||
| TOTAL CONSUMER SERVICES | 2,454,211 | ||||||||||||||
| DIVERSIFIED FINANCIALS - 4.2% | |||||||||||||||
| 250,000 | AerCap Ireland Capital DAC | 4.500 | 09/15/23 | 266,352 | |||||||||||
| 500,000 | AerCap Ireland Capital DAC | 3.150 | 02/15/24 | 521,377 | |||||||||||
| 300,000 | AerCap Ireland Capital DAC | 2.875 | 08/14/24 | 312,545 | |||||||||||
| 200,000 | Ally Financial, Inc | 3.050 | 06/05/23 | 207,485 | |||||||||||
| 800,000 | Ally Financial, Inc | 1.450 | 10/02/23 | 811,816 | |||||||||||
| 190,000 | American Express Co | 2.650 | 12/02/22 | 195,143 | |||||||||||
| 800,000 | American Express Co | 3.400 | 02/27/23 | 831,735 | |||||||||||
| 500,000 | e | American Express Co | 3.700 | 08/03/23 | 528,778 | ||||||||||
| 600,000 | e | American Express Co | 2.500 | 07/30/24 | 630,745 | ||||||||||
| 500,000 | American Honda Finance Corp | 0.400 | 10/21/22 | 500,710 | |||||||||||
| 250,000 | American Honda Finance Corp | 2.050 | 01/10/23 | 255,366 | |||||||||||
| 200,000 | American Honda Finance Corp | 1.950 | 05/10/23 | 204,828 | |||||||||||
| 750,000 | American Honda Finance Corp | 0.875 | 07/07/23 | 755,863 | |||||||||||
| 300,000 | American Honda Finance Corp | 0.650 | 09/08/23 | 301,147 | |||||||||||
| 750,000 | American Honda Finance Corp | 0.550 | 07/12/24 | 745,715 | |||||||||||
| 1,000,000 | American Honda Finance Corp | 0.750 | 08/09/24 | 999,685 | |||||||||||
| 300,000 | Ares Capital Corp | 3.500 | 02/10/23 | 310,274 | |||||||||||
| 500,000 | Bank of ,NV Scotia | 0.400 | 09/15/23 | 499,875 | |||||||||||
| 1,000,000 | Bank of ,NV Scotia | 0.650 | 07/31/24 | 998,301 | |||||||||||
| 500,000 | e | Bank of Montreal | 0.400 | 09/15/23 | 500,431 | ||||||||||
| 250,000 | Bank of New York Mellon Corp | 1.850 | 01/27/23 | 254,765 | |||||||||||
| 750,000 | Bank of New York Mellon Corp | 0.350 | 12/07/23 | 749,256 | |||||||||||
| 1,000,000 | Bank of New York Mellon Corp | 0.500 | 04/26/24 | 998,086 | |||||||||||
| 800,000 | Berkshire Hathaway, Inc | 2.750 | 03/15/23 | 824,939 | |||||||||||
| 330,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 343,227 | |||||||||||
| 1,000,000 | Capital One Financial Corp | 2.600 | 05/11/23 | 1,033,805 | |||||||||||
| 100,000 | Celanese US Holdings LLC | 4.625 | 11/15/22 | 104,556 | |||||||||||
| 200,000 | Celanese US Holdings LLC | 3.500 | 05/08/24 | 213,143 | |||||||||||
| 350,000 | Charles Schwab Corp | 2.650 | 01/25/23 | 360,181 | |||||||||||
| 1,000,000 | Charles Schwab Corp | 0.750 | 03/18/24 | 1,004,753 | |||||||||||
| 1,000,000 | Credit Suisse AG. | 1.000 | 05/05/23 | 1,009,215 | |||||||||||
| 1,500,000 | Credit Suisse AG. | 0.520 | 08/09/23 | 1,501,538 | |||||||||||
| 750,000 | Credit Suisse AG. | 0.495 | 02/02/24 | 747,295 | |||||||||||
| 250,000 | Deutsche Bank AG. | 3.950 | 02/27/23 | 261,259 | |||||||||||
| 600,000 | Deutsche Bank AG. | 0.898 | 05/28/24 | 599,449 | |||||||||||
| 300,000 | Deutsche Bank AG. | 2.222 | 09/18/24 | 307,497 | |||||||||||
| 1,000,000 | Deutsche Bank AG. | 1.447 | 04/01/25 | 1,006,907 | |||||||||||
| 300,000 | General Motors Financial Co, Inc | 3.250 | 01/05/23 | 309,412 | |||||||||||
| 1,000,000 | General Motors Financial Co, Inc | 1.700 | 08/18/23 | 1,018,894 | |||||||||||
| 1,000,000 | General Motors Financial Co, Inc | 1.050 | 03/08/24 | 1,004,331 | |||||||||||
| 1,000,000 | Goldman Sachs Group, Inc | 0.481 | 01/27/23 | 1,000,162 | |||||||||||
| 1,709,000 | Goldman Sachs Group, Inc | 3.200 | 02/23/23 | 1,770,617 | |||||||||||
| 750,000 | Goldman Sachs Group, Inc | 0.523 | 03/08/23 | 750,383 | |||||||||||
| 500,000 | Goldman Sachs Group, Inc | 0.627 | 11/17/23 | 500,205 | |||||||||||
| 357 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 750,000 | Goldman Sachs Group, Inc | 0.673 | % | 03/08/24 | $ | 750,893 | ||||||||
| 1,000,000 | Goldman Sachs Group, Inc | 0.657 | 09/10/24 | 1,000,165 | |||||||||||
| 1,000,000 | Goldman Sachs Group, Inc | 3.272 | 09/29/25 | 1,067,832 | |||||||||||
| 500,000 | Intercontinental Exchange, Inc | 0.700 | 06/15/23 | 501,860 | |||||||||||
| 750,000 | J Paul Getty Trust | 0.391 | 01/01/24 | 746,883 | |||||||||||
| 250,000 | Jefferies Group LLC | 5.125 | 01/20/23 | 264,422 | |||||||||||
| 250,000 | Moody’s Corp | 2.625 | 01/15/23 | 257,002 | |||||||||||
| 1,480,000 | Morgan Stanley | 3.125 | 01/23/23 | 1,531,771 | |||||||||||
| 1,000,000 | Morgan Stanley | 0.560 | 11/10/23 | 1,001,292 | |||||||||||
| 1,000,000 | Morgan Stanley | 0.529 | 01/25/24 | 1,000,720 | |||||||||||
| 1,250,000 | Morgan Stanley | 0.731 | 04/05/24 | 1,254,149 | |||||||||||
| 1,000,000 | Morgan Stanley | 3.737 | 04/24/24 | 1,049,270 | |||||||||||
| 1,500,000 | Morgan Stanley | 0.791 | 01/22/25 | 1,499,932 | |||||||||||
| 1,000,000 | Morgan Stanley | 0.790 | 05/30/25 | 996,930 | |||||||||||
| 1,000,000 | National Rural Utilities Cooperative Finance Corp | 0.350 | 02/08/24 | 993,393 | |||||||||||
| 1,300,000 | Oesterreichische Kontrollbank AG. | 2.875 | 03/13/23 | 1,348,556 | |||||||||||
| 750,000 | Oesterreichische Kontrollbank AG. | 0.500 | 09/16/24 | 747,677 | |||||||||||
| 300,000 | PACCAR Financial Corp | 0.800 | 06/08/23 | 301,717 | |||||||||||
| 1,000,000 | PACCAR Financial Corp | 0.350 | 02/02/24 | 995,373 | |||||||||||
| 300,000 | PACCAR Financial Corp | 0.500 | 08/09/24 | 299,227 | |||||||||||
| 400,000 | Shire Acquisitions Investments Ireland DAC | 2.875 | 09/23/23 | 416,999 | |||||||||||
| 300,000 | State Street Corp | 2.653 | 05/15/23 | 304,384 | |||||||||||
| 500,000 | Synchrony Financial | 4.375 | 03/19/24 | 539,575 | |||||||||||
| 1,000,000 | Toronto-Dominion Bank | 0.700 | 09/10/24 | 998,017 | |||||||||||
| 500,000 | Toyota Motor Credit Corp | 2.900 | 03/30/23 | 519,134 | |||||||||||
| 500,000 | Toyota Motor Credit Corp | 0.400 | 04/06/23 | 500,751 | |||||||||||
| 500,000 | Toyota Motor Credit Corp | 0.500 | 08/14/23 | 501,278 | |||||||||||
| 500,000 | Toyota Motor Credit Corp | 1.350 | 08/25/23 | 509,229 | |||||||||||
| 1,000,000 | Toyota Motor Credit Corp | 0.450 | 01/11/24 | 997,659 | |||||||||||
| 1,000,000 | Toyota Motor Credit Corp | 0.500 | 06/18/24 | 995,153 | |||||||||||
| 750,000 | Toyota Motor Credit Corp | 0.625 | 09/13/24 | 748,343 | |||||||||||
| 200,000 | Unilever Capital Corp | 3.125 | 03/22/23 | 207,839 | |||||||||||
| 300,000 | Unilever Capital Corp | 0.375 | 09/14/23 | 300,374 | |||||||||||
| TOTAL DIVERSIFIED FINANCIALS | 53,199,845 | ||||||||||||||
| ENERGY - 1.7% | |||||||||||||||
| 180,000 | Baker Hughes a GE Co LLC | 2.773 | 12/15/22 | 184,926 | |||||||||||
| 700,000 | BP Capital Markets America, Inc | 2.937 | 04/06/23 | 726,350 | |||||||||||
| 500,000 | BP Capital Markets America, Inc | 2.750 | 05/10/23 | 519,217 | |||||||||||
| 500,000 | BP Capital Markets America, Inc | 3.224 | 04/14/24 | 530,633 | |||||||||||
| 400,000 | BP Capital Markets plc | 3.814 | 02/10/24 | 429,280 | |||||||||||
| 250,000 | Canadian Natural Resources Ltd | 2.950 | 01/15/23 | 257,210 | |||||||||||
| 200,000 | Canadian Natural Resources Ltd | 3.800 | 04/15/24 | 212,832 | |||||||||||
| 160,000 | Chevron Corp | 2.355 | 12/05/22 | 163,054 | |||||||||||
| 800,000 | Chevron Corp | 1.141 | 05/11/23 | 810,578 | |||||||||||
| 500,000 | Cimarex Energy Co | 4.375 | 06/01/24 | 539,162 | |||||||||||
| 500,000 | Diamondback Energy, Inc | 0.900 | 03/24/23 | 499,848 | |||||||||||
| 200,000 | Enable Midstream Partners LP | 3.900 | 05/15/24 | 212,348 | |||||||||||
| 800,000 | Energy Transfer Operating LP | 4.250 | 03/15/23 | 833,995 | |||||||||||
| 200,000 | Energy Transfer Operating LP | 4.200 | 09/15/23 | 212,426 | |||||||||||
| 500,000 | Energy Transfer Operating LP | 5.875 | 01/15/24 | 549,512 | |||||||||||
| 200,000 | Energy Transfer Operating LP | 4.500 | 04/15/24 | 216,286 | |||||||||||
| 300,000 | Enterprise Products Operating LLC | 3.350 | 03/15/23 | 310,736 | |||||||||||
| 300,000 | EOG Resources, Inc | 2.625 | 03/15/23 | 308,100 | |||||||||||
| 358 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 400,000 | Equinor ASA | 2.450 | % | 01/17/23 | $ | 410,880 | ||||||||
| 1,000,000 | Equinor ASA | 3.700 | 03/01/24 | 1,073,591 | |||||||||||
| 375,000 | Exxon Mobil Corp | 1.902 | 08/16/22 | 380,697 | |||||||||||
| 600,000 | Exxon Mobil Corp | 1.571 | 04/15/23 | 611,618 | |||||||||||
| 200,000 | Halliburton Co | 3.500 | 08/01/23 | 209,543 | |||||||||||
| 200,000 | HollyFrontier Corp | 2.625 | 10/01/23 | 206,489 | |||||||||||
| 750,000 | Kinder Morgan Energy Partners LP | 4.250 | 09/01/24 | 815,888 | |||||||||||
| 400,000 | Kinder Morgan, Inc | 3.150 | 01/15/23 | 413,082 | |||||||||||
| 700,000 | Marathon Petroleum Corp | 4.500 | 05/01/23 | 739,785 | |||||||||||
| 300,000 | MPLX LP | 3.375 | 03/15/23 | 311,516 | |||||||||||
| 200,000 | Phillips 66 | 3.700 | 04/06/23 | 209,498 | |||||||||||
| 325,000 | Phillips 66 | 0.900 | 02/15/24 | 325,083 | |||||||||||
| 1,000,000 | Pioneer Natural Resources Co | 0.550 | 05/15/23 | 1,001,017 | |||||||||||
| 1,000,000 | Pioneer Natural Resources Co | 0.750 | 01/15/24 | 998,981 | |||||||||||
| 300,000 | Plains All American Pipeline LP | 3.850 | 10/15/23 | 315,413 | |||||||||||
| 500,000 | Sabine Pass Liquefaction LLC | 5.625 | 04/15/23 | 531,357 | |||||||||||
| 500,000 | Sabine Pass Liquefaction LLC | 5.750 | 05/15/24 | 556,854 | |||||||||||
| 400,000 | Schlumberger Investment S.A. | 3.650 | 12/01/23 | 424,025 | |||||||||||
| 300,000 | Shell International Finance BV | 2.250 | 01/06/23 | 307,495 | |||||||||||
| 500,000 | Shell International Finance BV | 0.375 | 09/15/23 | 500,662 | |||||||||||
| 500,000 | Spectra Energy Partners LP | 4.750 | 03/15/24 | 543,340 | |||||||||||
| 300,000 | Suncor Energy, Inc | 2.800 | 05/15/23 | 310,477 | |||||||||||
| 300,000 | Total Capital Canada Ltd | 2.750 | 07/15/23 | 312,984 | |||||||||||
| 500,000 | Total Capital International S.A. | 3.700 | 01/15/24 | 536,034 | |||||||||||
| 250,000 | TransCanada PipeLines Ltd | 3.750 | 10/16/23 | 263,787 | |||||||||||
| 200,000 | Valero Energy Corp | 2.700 | 04/15/23 | 206,445 | |||||||||||
| 300,000 | Valero Energy Corp | 1.200 | 03/15/24 | 303,354 | |||||||||||
| 200,000 | Williams Cos, Inc | 3.700 | 01/15/23 | 206,562 | |||||||||||
| 750,000 | Williams Cos, Inc | 4.550 | 06/24/24 | 818,215 | |||||||||||
| 300,000 | Williams Partners LP | 4.500 | 11/15/23 | 321,374 | |||||||||||
| TOTAL ENERGY | 21,682,539 | ||||||||||||||
| FOOD & STAPLES RETAILING - 0.1% | |||||||||||||||
| 300,000 | Kroger Co | 2.800 | 08/01/22 | 305,543 | |||||||||||
| 260,000 | Walmart, Inc | 2.350 | 12/15/22 | 265,505 | |||||||||||
| 300,000 | Walmart, Inc | 3.400 | 06/26/23 | 315,400 | |||||||||||
| TOTAL FOOD & STAPLES RETAILING | 886,448 | ||||||||||||||
| FOOD, BEVERAGE & TOBACCO - 0.7% | |||||||||||||||
| 600,000 | BAT Capital Corp | 3.222 | 08/15/24 | 636,063 | |||||||||||
| 500,000 | Bunge Ltd | 4.350 | 03/15/24 | 540,623 | |||||||||||
| 500,000 | Campbell Soup Co | 3.650 | 03/15/23 | 519,397 | |||||||||||
| 131,000 | ConAgra Brands, Inc | 3.200 | 01/25/23 | 134,757 | |||||||||||
| 250,000 | ConAgra Brands, Inc | 0.500 | 08/11/23 | 249,995 | |||||||||||
| 100,000 | Constellation Brands, Inc | 3.200 | 02/15/23 | 103,437 | |||||||||||
| 300,000 | Diageo Capital plc | 2.625 | 04/29/23 | 309,041 | |||||||||||
| 200,000 | General Mills, Inc | 2.600 | 10/12/22 | 204,231 | |||||||||||
| 250,000 | General Mills, Inc | 3.700 | 10/17/23 | 265,350 | |||||||||||
| 1,000,000 | Hormel Foods Corp | 0.650 | 06/03/24 | 1,000,962 | |||||||||||
| 400,000 | Kellogg Co | 2.650 | 12/01/23 | 418,130 | |||||||||||
| 151,000 | Keurig Dr Pepper, Inc | 4.057 | 05/25/23 | 159,584 | |||||||||||
| 400,000 | Keurig Dr Pepper, Inc | 3.130 | 12/15/23 | 421,082 | |||||||||||
| 1,000,000 | Keurig Dr Pepper, Inc | 0.750 | 03/15/24 | 1,000,776 | |||||||||||
| 359 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 110,000 | McCormick & Co, Inc | 2.700 | % | 08/15/22 | $ | 112,063 | ||||||||
| 400,000 | PepsiCo, Inc | 2.750 | 03/01/23 | 414,143 | |||||||||||
| 750,000 | PepsiCo, Inc | 0.750 | 05/01/23 | 755,988 | |||||||||||
| 500,000 | PepsiCo, Inc | 0.400 | 10/07/23 | 501,236 | |||||||||||
| 250,000 | Philip Morris International, Inc | 2.375 | 08/17/22 | 254,227 | |||||||||||
| 750,000 | Philip Morris International, Inc | 1.125 | 05/01/23 | 759,510 | |||||||||||
| 200,000 | Philip Morris International, Inc | 2.125 | 05/10/23 | 205,020 | |||||||||||
| 200,000 | Reynolds American, Inc | 4.850 | 09/15/23 | 216,454 | |||||||||||
| TOTAL FOOD, BEVERAGE & TOBACCO | 9,182,069 | ||||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES - 0.9% | |||||||||||||||
| 500,000 | Abbott Laboratories | 3.400 | 11/30/23 | 531,554 | |||||||||||
| 1,000,000 | AmerisourceBergen Corp | 0.737 | 03/15/23 | 1,001,520 | |||||||||||
| 800,000 | Anthem, Inc | 2.950 | 12/01/22 | 822,350 | |||||||||||
| 500,000 | Anthem, Inc | 0.450 | 03/15/23 | 500,515 | |||||||||||
| 516,000 | Cigna Corp | 3.750 | 07/15/23 | 545,417 | |||||||||||
| 200,000 | Cigna Corp | 0.613 | 03/15/24 | 199,562 | |||||||||||
| 731,000 | CVS Health Corp | 3.700 | 03/09/23 | 763,338 | |||||||||||
| 500,000 | CVS Health Corp | 2.625 | 08/15/24 | 525,020 | |||||||||||
| 300,000 | HCA, Inc | 4.750 | 05/01/23 | 318,759 | |||||||||||
| 1,000,000 | HCA, Inc | 5.000 | 03/15/24 | 1,097,479 | |||||||||||
| 700,000 | Humana, Inc | 0.650 | 08/03/23 | 700,455 | |||||||||||
| 750,000 | PerkinElmer, Inc | 0.850 | 09/15/24 | 750,071 | |||||||||||
| 750,000 | Stryker Corp | 0.600 | 12/01/23 | 750,030 | |||||||||||
| 300,000 | UnitedHealth Group, Inc | 2.875 | 03/15/23 | 311,107 | |||||||||||
| 300,000 | UnitedHealth Group, Inc | 3.500 | 06/15/23 | 315,759 | |||||||||||
| 1,500,000 | UnitedHealth Group, Inc | 0.550 | 05/15/24 | 1,500,101 | |||||||||||
| 150,000 | Zimmer Biomet Holdings, Inc | 3.150 | 04/01/22 | 151,399 | |||||||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES | 10,784,436 | ||||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 0.1% | |||||||||||||||
| 750,000 | Colgate-Palmolive Co | 1.950 | 02/01/23 | 767,217 | |||||||||||
| 200,000 | Procter & Gamble Co | 2.150 | 08/11/22 | 203,434 | |||||||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 970,651 | ||||||||||||||
| INSURANCE - 0.3% | |||||||||||||||
| 500,000 | Aetna, Inc | 2.800 | 06/15/23 | 517,630 | |||||||||||
| 200,000 | Allstate Corp | 5.750 | 08/15/53 | 216,450 | |||||||||||
| 1,000,000 | American International Group, Inc | 4.125 | 02/15/24 | 1,079,504 | |||||||||||
| 200,000 | Aon Corp | 2.200 | 11/15/22 | 204,091 | |||||||||||
| 300,000 | Brown & Brown, Inc | 4.200 | 09/15/24 | 326,308 | |||||||||||
| 500,000 | Chubb INA Holdings, Inc | 2.875 | 11/03/22 | 511,510 | |||||||||||
| 300,000 | Prudential Financial, Inc | 5.875 | 09/15/42 | 312,039 | |||||||||||
| 500,000 | Prudential Financial, Inc | 5.625 | 06/15/43 | 532,164 | |||||||||||
| TOTAL INSURANCE | 3,699,696 | ||||||||||||||
| MATERIALS - 0.4% | |||||||||||||||
| 750,000 | Avery Dennison Corp | 0.850 | 08/15/24 | 750,206 | |||||||||||
| 325,000 | g | Berry Global, Inc | 0.950 | 02/15/24 | 325,367 | ||||||||||
| 200,000 | Celulosa Arauco y Constitucion S.A. | 4.500 | 08/01/24 | 216,246 | |||||||||||
| 900,000 | DowDuPont, Inc | 4.205 | 11/15/23 | 966,475 | |||||||||||
| 500,000 | LyondellBasell Industries NV | 5.750 | 04/15/24 | 555,517 | |||||||||||
| 1,000,000 | Martin Marietta Materials, Inc | 0.650 | 07/15/23 | 1,001,902 | |||||||||||
| 360 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 120,000 | Mosaic Co | 3.250 | % | 11/15/22 | $ | 123,432 | ||||||||
| 300,000 | Mosaic Co | 4.250 | 11/15/23 | 319,895 | |||||||||||
| 300,000 | Nutrien Ltd | 1.900 | 05/13/23 | 306,455 | |||||||||||
| 300,000 | PPG Industries, Inc | 2.400 | 08/15/24 | 313,751 | |||||||||||
| 200,000 | Praxair, Inc | 2.200 | 08/15/22 | 202,412 | |||||||||||
| 15,000 | Sherwin-Williams Co | 2.750 | 06/01/22 | 15,204 | |||||||||||
| 200,000 | Westlake Chemical Corp | 0.875 | 08/15/24 | 200,267 | |||||||||||
| TOTAL MATERIALS | 5,297,129 | ||||||||||||||
| MEDIA & ENTERTAINMENT - 0.5% | |||||||||||||||
| 1,000,000 | e | Asian Infrastructure Investment Bank | 0.500 | 10/30/24 | 996,302 | ||||||||||
| 750,000 | AstraZeneca Finance LLC | 0.700 | 05/28/24 | 751,012 | |||||||||||
| 200,000 | Baidu, Inc | 3.500 | 11/28/22 | 205,996 | |||||||||||
| 300,000 | Baidu, Inc | 3.875 | 09/29/23 | 316,756 | |||||||||||
| 500,000 | g | Blackstone Private Credit Fund | 1.750 | 09/15/24 | 499,340 | ||||||||||
| 250,000 | Blackstone Secured Lending Fund | 3.650 | 07/14/23 | 261,165 | |||||||||||
| 750,000 | Charter Communications Operating LLC | 4.500 | 02/01/24 | 811,431 | |||||||||||
| 200,000 | DH Europe Finance II Sarl | 2.050 | 11/15/22 | 203,821 | |||||||||||
| 158,000 | Discovery Communications LLC | 2.950 | 03/20/23 | 163,453 | |||||||||||
| 750,000 | Fox Corp | 4.030 | 01/25/24 | 804,703 | |||||||||||
| 200,000 | Time Warner Entertainment Co LP | 8.375 | 03/15/23 | 222,168 | |||||||||||
| 500,000 | Walt Disney Co | 1.750 | 08/30/24 | 515,500 | |||||||||||
| TOTAL MEDIA & ENTERTAINMENT | 5,751,647 | ||||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.0% | |||||||||||||||
| 300,000 | AbbVie, Inc | 3.250 | 10/01/22 | 306,586 | |||||||||||
| 750,000 | AbbVie, Inc | 2.300 | 11/21/22 | 765,461 | |||||||||||
| 500,000 | AbbVie, Inc | 2.850 | 05/14/23 | 517,271 | |||||||||||
| 300,000 | AbbVie, Inc | 3.750 | 11/14/23 | 319,615 | |||||||||||
| 750,000 | AbbVie, Inc | 3.850 | 06/15/24 | 806,611 | |||||||||||
| 300,000 | Agilent Technologies, Inc | 3.875 | 07/15/23 | 316,398 | |||||||||||
| 300,000 | Amgen, Inc | 2.650 | 05/11/22 | 303,749 | |||||||||||
| 300,000 | Amgen, Inc | 2.250 | 08/19/23 | 309,325 | |||||||||||
| 750,000 | AstraZeneca plc | 0.300 | 05/26/23 | 749,944 | |||||||||||
| 200,000 | AstraZeneca plc | 3.500 | 08/17/23 | 211,349 | |||||||||||
| 818,000 | Bristol-Myers Squibb Co | 3.250 | 02/20/23 | 849,061 | |||||||||||
| 1,000,000 | Bristol-Myers Squibb Co | 0.537 | 11/13/23 | 1,000,183 | |||||||||||
| 500,000 | Bristol-Myers Squibb Co | 2.900 | 07/26/24 | 530,870 | |||||||||||
| 300,000 | Gilead Sciences, Inc | 2.500 | 09/01/23 | 310,898 | |||||||||||
| 275,000 | Gilead Sciences, Inc | 0.750 | 09/29/23 | 275,013 | |||||||||||
| 750,000 | Gilead Sciences, Inc | 3.700 | 04/01/24 | 801,344 | |||||||||||
| 500,000 | e | GlaxoSmithKline Capital plc | 2.875 | 06/01/22 | 507,802 | ||||||||||
| 375,000 | GlaxoSmithKline Capital plc | 0.534 | 10/01/23 | 375,598 | |||||||||||
| 500,000 | GlaxoSmithKline Capital, Inc | 3.375 | 05/15/23 | 524,859 | |||||||||||
| 500,000 | Illumina, Inc | 0.550 | 03/23/23 | 500,028 | |||||||||||
| 28,000 | Johnson & Johnson | 2.050 | 03/01/23 | 28,649 | |||||||||||
| 250,000 | Merck & Co, Inc | 2.400 | 09/15/22 | 253,923 | |||||||||||
| 500,000 | Merck & Co, Inc | 2.800 | 05/18/23 | 519,682 | |||||||||||
| 300,000 | Novartis Capital Corp | 2.400 | 09/21/22 | 306,426 | |||||||||||
| 500,000 | Royalty Pharma plc | 0.750 | 09/02/23 | 501,634 | |||||||||||
| 300,000 | Takeda Pharmaceutical Co Ltd | 4.400 | 11/26/23 | 323,279 | |||||||||||
| 175,000 | g | Viatris, Inc | 1.125 | 06/22/22 | 175,925 | ||||||||||
| 361 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 200,000 | Zoetis, Inc | 3.250 | % | 02/01/23 | $ | 206,109 | ||||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 12,597,592 | ||||||||||||||
| REAL ESTATE - 0.2% | |||||||||||||||
| 300,000 | American Tower Corp | 3.500 | 01/31/23 | 312,275 | |||||||||||
| 750,000 | American Tower Corp | 0.600 | 01/15/24 | 748,509 | |||||||||||
| 300,000 | Boston Properties LP | 3.850 | 02/01/23 | 311,082 | |||||||||||
| 300,000 | Crown Castle International Corp | 3.150 | 07/15/23 | 313,201 | |||||||||||
| 100,000 | Kimco Realty Corp | 3.400 | 11/01/22 | 102,729 | |||||||||||
| 42,000 | Omega Healthcare Investors, Inc | 4.375 | 08/01/23 | 44,467 | |||||||||||
| 500,000 | Simon Property Group LP | 2.750 | 06/01/23 | 516,193 | |||||||||||
| 500,000 | Simon Property Group LP | 2.000 | 09/13/24 | 517,532 | |||||||||||
| 200,000 | SL Green Operating Partnership LP | 3.250 | 10/15/22 | 204,950 | |||||||||||
| TOTAL REAL ESTATE | 3,070,938 | ||||||||||||||
| RETAILING - 0.3% | |||||||||||||||
| 150,000 | Amazon.com, Inc | 2.500 | 11/29/22 | 152,973 | |||||||||||
| 200,000 | Amazon.com, Inc | 2.400 | 02/22/23 | 205,563 | |||||||||||
| 525,000 | Amazon.com, Inc | 0.250 | 05/12/23 | 525,939 | |||||||||||
| 500,000 | Amazon.com, Inc | 0.400 | 06/03/23 | 501,139 | |||||||||||
| 1,000,000 | Amazon.com, Inc | 0.450 | 05/12/24 | 997,975 | |||||||||||
| 300,000 | AutoZone, Inc | 3.125 | 07/15/23 | 312,467 | |||||||||||
| 300,000 | Chevron USA, Inc | 0.333 | 08/12/22 | 300,384 | |||||||||||
| 400,000 | Chevron USA, Inc | 0.426 | 08/11/23 | 401,010 | |||||||||||
| 200,000 | Dollar General Corp | 3.250 | 04/15/23 | 207,368 | |||||||||||
| 200,000 | Dollar Tree, Inc | 3.700 | 05/15/23 | 209,645 | |||||||||||
| 306,000 | eBay, Inc | 2.750 | 01/30/23 | 314,852 | |||||||||||
| TOTAL RETAILING | 4,129,315 | ||||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.4% | |||||||||||||||
| 400,000 | Analog Devices, Inc | 3.125 | 12/05/23 | 420,597 | |||||||||||
| 300,000 | Intel Corp | 2.700 | 12/15/22 | 308,693 | |||||||||||
| 200,000 | Microchip Technology, Inc | 4.333 | 06/01/23 | 211,383 | |||||||||||
| 200,000 | Micron Technology, Inc | 2.497 | 04/24/23 | 205,856 | |||||||||||
| 500,000 | Micron Technology, Inc | 4.640 | 02/06/24 | 542,290 | |||||||||||
| 1,000,000 | NVIDIA Corp | 0.309 | 06/15/23 | 1,000,172 | |||||||||||
| 1,000,000 | NVIDIA Corp | 0.584 | 06/14/24 | 1,001,262 | |||||||||||
| 500,000 | g | NXP BV | 4.875 | 03/01/24 | 545,362 | ||||||||||
| 1,000,000 | Skyworks Solutions, Inc | 0.900 | 06/01/23 | 1,001,954 | |||||||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 5,237,569 | ||||||||||||||
| SOFTWARE & SERVICES - 1.0% | |||||||||||||||
| 100,000 | Adobe, Inc | 1.700 | 02/01/23 | 101,862 | |||||||||||
| 750,000 | Fidelity National Information Services, Inc | 0.375 | 03/01/23 | 750,418 | |||||||||||
| 750,000 | Fidelity National Information Services, Inc | 0.600 | 03/01/24 | 748,875 | |||||||||||
| 200,000 | Fiserv, Inc | 3.500 | 10/01/22 | 204,646 | |||||||||||
| 250,000 | Fiserv, Inc | 3.800 | 10/01/23 | 265,750 | |||||||||||
| 750,000 | Fiserv, Inc | 2.750 | 07/01/24 | 789,810 | |||||||||||
| 300,000 | Global Payments, Inc | 4.000 | 06/01/23 | 316,298 | |||||||||||
| 1,500,000 | International Business Machines Corp | 3.000 | 05/15/24 | 1,591,173 | |||||||||||
| 500,000 | Intuit, Inc | 0.650 | 07/15/23 | 502,124 | |||||||||||
| 360,000 | Microsoft Corp | 2.650 | 11/03/22 | 367,827 | |||||||||||
| 1,000,000 | Microsoft Corp | 2.375 | 05/01/23 | 1,028,521 | |||||||||||
| 362 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 120,000 | Oracle Corp | 2.500 | % | 10/15/22 | $ | 122,718 | ||||||||
| 475,000 | Oracle Corp | 2.625 | 02/15/23 | 489,160 | |||||||||||
| 500,000 | Oracle Corp | 3.625 | 07/15/23 | 528,485 | |||||||||||
| 1,250,000 | Oracle Corp | 3.400 | 07/08/24 | 1,334,664 | |||||||||||
| 500,000 | PayPal Holdings, Inc | 1.350 | 06/01/23 | 508,311 | |||||||||||
| 1,500,000 | salesforce.com, Inc | 0.625 | 07/15/24 | 1,502,848 | |||||||||||
| 180,000 | Visa, Inc | 2.150 | 09/15/22 | 183,060 | |||||||||||
| 300,000 | Visa, Inc | 2.800 | 12/14/22 | 307,877 | |||||||||||
| 1,000,000 | VMware, Inc | 0.600 | 08/15/23 | 1,001,262 | |||||||||||
| 575,000 | VMware, Inc | 1.000 | 08/15/24 | 576,920 | |||||||||||
| TOTAL SOFTWARE & SERVICES | 13,222,609 | ||||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 0.6% | |||||||||||||||
| 375,000 | Apple, Inc | 1.700 | 09/11/22 | 380,089 | |||||||||||
| 500,000 | Apple, Inc | 2.100 | 09/12/22 | 508,211 | |||||||||||
| 500,000 | Apple, Inc | 2.400 | 05/03/23 | 516,188 | |||||||||||
| 1,000,000 | Apple, Inc | 0.750 | 05/11/23 | 1,007,295 | |||||||||||
| 600,000 | Cisco Systems, Inc | 3.000 | 06/15/22 | 611,851 | |||||||||||
| 1,500,000 | Dell International LLC | 5.450 | 06/15/23 | 1,608,796 | |||||||||||
| 300,000 | Hewlett Packard Enterprise Co | 2.250 | 04/01/23 | 307,385 | |||||||||||
| 400,000 | Hewlett Packard Enterprise Co | 4.450 | 10/02/23 | 428,457 | |||||||||||
| 500,000 | Hewlett Packard Enterprise Co | 1.450 | 04/01/24 | 508,023 | |||||||||||
| 1,000,000 | g | SYNNEX Corp | 1.250 | 08/09/24 | 1,000,302 | ||||||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 6,876,597 | ||||||||||||||
| TELECOMMUNICATION SERVICES - 0.2% | |||||||||||||||
| 100,000 | AT&T, Inc | 2.625 | 12/01/22 | 102,038 | |||||||||||
| 750,000 | AT&T, Inc | 4.050 | 12/15/23 | 807,315 | |||||||||||
| 1,000,000 | AT&T, Inc | 0.900 | 03/25/24 | 1,001,570 | |||||||||||
| 500,000 | Bell Canada | 0.750 | 03/17/24 | 500,159 | |||||||||||
| 500,000 | British Telecommunications plc | 4.500 | 12/04/23 | 539,756 | |||||||||||
| TOTAL TELECOMMUNICATION SERVICES | 2,950,838 | ||||||||||||||
| TRANSPORTATION - 0.2% | |||||||||||||||
| 400,000 | Burlington Northern Santa Fe LLC | 3.050 | 09/01/22 | 407,523 | |||||||||||
| 300,000 | Burlington Northern Santa Fe LLC | 3.850 | 09/01/23 | 317,461 | |||||||||||
| 200,000 | Delta Air Lines, Inc | 3.204 | 04/25/24 | 211,088 | |||||||||||
| 150,000 | Norfolk Southern Corp | 3.000 | 04/01/22 | 150,993 | |||||||||||
| 300,000 | Ryder System, Inc | 3.750 | 06/09/23 | 316,097 | |||||||||||
| 450,000 | Southwest Airlines Co | 4.750 | 05/04/23 | 479,052 | |||||||||||
| 200,000 | Union Pacific Corp | 2.950 | 03/01/22 | 202,292 | |||||||||||
| 200,000 | Union Pacific Corp | 3.500 | 06/08/23 | 209,944 | |||||||||||
| 250,000 | United Parcel Service, Inc | 2.450 | 10/01/22 | 255,441 | |||||||||||
| 300,000 | United Parcel Service, Inc | 2.500 | 04/01/23 | 309,438 | |||||||||||
| TOTAL TRANSPORTATION | 2,859,329 | ||||||||||||||
| UTILITIES - 1.5% | |||||||||||||||
| 750,000 | American Electric Power Co, Inc | 0.750 | 11/01/23 | 750,045 | |||||||||||
| 1,000,000 | Atmos Energy Corp | 0.625 | 03/09/23 | 1,000,033 | |||||||||||
| 200,000 | Baltimore Gas & Electric Co | 3.350 | 07/01/23 | 208,447 | |||||||||||
| 350,000 | Berkshire Hathaway Energy Co | 2.800 | 01/15/23 | 360,316 | |||||||||||
| 500,000 | Black Hills Corp | 1.037 | 08/23/24 | 500,048 | |||||||||||
| 363 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 500,000 | CenterPoint Energy Resources Corp | 0.700 | % | 03/02/23 | $ | 500,027 | ||||||||
| 500,000 | Consolidated Edison, Inc | 0.650 | 12/01/23 | 499,460 | |||||||||||
| 475,000 | Consumers Energy Co | 0.350 | 06/01/23 | 474,732 | |||||||||||
| 350,000 | Duke Energy Carolinas LLC | 3.050 | 03/15/23 | 363,017 | |||||||||||
| 1,000,000 | Duke Energy Corp | 3.750 | 04/15/24 | 1,066,998 | |||||||||||
| 1,000,000 | g | Emera US Finance LP | 0.833 | 06/15/24 | 996,829 | ||||||||||
| 500,000 | Enbridge, Inc | 0.550 | 10/04/23 | 500,150 | |||||||||||
| 750,000 | Entergy Louisiana LLC | 0.620 | 11/17/23 | 750,128 | |||||||||||
| 500,000 | Entergy Louisiana LLC | 0.950 | 10/01/24 | 500,125 | |||||||||||
| 100,000 | Georgia Power Co | 2.100 | 07/30/23 | 102,960 | |||||||||||
| 1,000,000 | NextEra Energy Capital Holdings, Inc | 0.650 | 03/01/23 | 1,003,381 | |||||||||||
| 250,000 | OGE Energy Corp | 0.703 | 05/26/23 | 250,021 | |||||||||||
| 750,000 | Oklahoma Gas and Electric Co | 0.553 | 05/26/23 | 750,009 | |||||||||||
| 120,000 | Oncor Electric Delivery Co LLC | 7.000 | 09/01/22 | 127,265 | |||||||||||
| 500,000 | ONE Gas, Inc | 0.850 | 03/11/23 | 500,090 | |||||||||||
| 500,000 | ONE Gas, Inc | 1.100 | 03/11/24 | 500,024 | |||||||||||
| 250,000 | ONEOK Partners LP | 3.375 | 10/01/22 | 255,224 | |||||||||||
| 750,000 | Pacific Gas and Electric Co | 1.367 | 03/10/23 | 747,381 | |||||||||||
| 200,000 | Pacific Gas and Electric Co | 4.250 | 08/01/23 | 209,252 | |||||||||||
| 500,000 | PSEG Power LLC | 3.850 | 06/01/23 | 525,964 | |||||||||||
| 100,000 | Public Service Enterprise Group, Inc | 2.650 | 11/15/22 | 102,344 | |||||||||||
| 1,000,000 | Sempra Energy | 3.550 | 06/15/24 | 1,065,503 | |||||||||||
| 1,000,000 | Southern California Edison Co | 1.100 | 04/01/24 | 1,004,831 | |||||||||||
| 500,000 | Southern California Edison Co | 0.975 | 08/01/24 | 501,345 | |||||||||||
| 300,000 | Southern Co | 2.950 | 07/01/23 | 311,437 | |||||||||||
| 1,000,000 | Southern Co | 0.600 | 02/26/24 | 997,950 | |||||||||||
| 200,000 | Virginia Electric & Power Co | 2.750 | 03/15/23 | 205,744 | |||||||||||
| 500,000 | WEC Energy Group, Inc | 0.550 | 09/15/23 | 499,960 | |||||||||||
| 500,000 | WEC Energy Group, Inc | 0.800 | 03/15/24 | 501,544 | |||||||||||
| 350,000 | Xcel Energy, Inc | 0.500 | 10/15/23 | 350,392 | |||||||||||
| TOTAL UTILITIES | 18,982,976 | ||||||||||||||
| TOTAL CORPORATE BONDS | 295,073,122 | ||||||||||||||
| (Cost $293,632,515) | |||||||||||||||
| GOVERNMENT BONDS - 76.2% | |||||||||||||||
| AGENCY SECURITIES - 2.9% | |||||||||||||||
| 1,500,000 | Federal Farm Credit Bank (FFCB) | 0.250 | 05/06/22 | 1,501,627 | |||||||||||
| 750,000 | FFCB | 0.125 | 11/23/22 | 749,993 | |||||||||||
| 4,000,000 | FFCB | 0.125 | 02/03/23 | 3,997,430 | |||||||||||
| 2,000,000 | FFCB | 0.125 | 04/13/23 | 1,997,942 | |||||||||||
| 800,000 | FFCB | 0.125 | 05/10/23 | 799,131 | |||||||||||
| 330,000 | FFCB | 0.250 | 02/26/24 | 329,147 | |||||||||||
| 3,000,000 | Federal Home Loan Bank (FHLB) | 3.000 | 10/12/21 | 3,002,693 | |||||||||||
| 1,600,000 | FHLB | 1.625 | 11/19/21 | 1,603,375 | |||||||||||
| 1,000,000 | FHLB | 0.250 | 06/03/22 | 1,001,110 | |||||||||||
| 350,000 | FHLB | 0.125 | 08/12/22 | 350,080 | |||||||||||
| 500,000 | FHLB | 0.125 | 10/21/22 | 499,990 | |||||||||||
| 1,600,000 | FHLB | 1.375 | 02/17/23 | 1,626,850 | |||||||||||
| 1,200,000 | FHLB | 0.125 | 03/17/23 | 1,199,191 | |||||||||||
| 800,000 | FHLB | 0.125 | 06/02/23 | 798,048 | |||||||||||
| 1,000,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.125 | 07/25/22 | 1,000,369 | |||||||||||
| 2,500,000 | FHLMC | 0.375 | 04/20/23 | 2,507,002 | |||||||||||
| 364 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 500,000 | FHLMC | 0.375 | % | 05/05/23 | $ | 500,994 | ||||||||
| 1,000,000 | FHLMC | 0.250 | 06/26/23 | 1,000,000 | |||||||||||
| 1,500,000 | FHLMC | 0.250 | 08/24/23 | 1,499,401 | |||||||||||
| 650,000 | FHLMC | 0.250 | 09/08/23 | 649,533 | |||||||||||
| 750,000 | FHLMC | 0.125 | 10/16/23 | 747,143 | |||||||||||
| 1,000,000 | FHLMC | 0.250 | 11/06/23 | 998,619 | |||||||||||
| 945,000 | FHLMC | 0.250 | 12/04/23 | 942,960 | |||||||||||
| 1,000,000 | Federal National Mortgage Association (FNMA) | 2.000 | 10/05/22 | 1,019,297 | |||||||||||
| 4,500,000 | FNMA | 0.250 | 05/22/23 | 4,501,750 | |||||||||||
| 750,000 | FNMA | 0.250 | 07/10/23 | 749,824 | |||||||||||
| 500,000 | FNMA | 0.250 | 11/27/23 | 499,405 | |||||||||||
| 500,000 | Hashemite Kingdom of Jordan Government AID Bond | 2.578 | 06/30/22 | 508,842 | |||||||||||
| TOTAL AGENCY SECURITIES | 36,581,746 | ||||||||||||||
| FOREIGN GOVERNMENT BONDS - 5.6% | |||||||||||||||
| 1,600,000 | African Development Bank | 0.750 | 04/03/23 | 1,611,827 | |||||||||||
| 1,250,000 | Asian Development Bank | 1.625 | 01/24/23 | 1,273,416 | |||||||||||
| 1,750,000 | Asian Development Bank | 0.250 | 07/14/23 | 1,747,798 | |||||||||||
| 500,000 | Asian Development Bank | 0.250 | 10/06/23 | 499,095 | |||||||||||
| 1,500,000 | Asian Development Bank | 0.375 | 06/11/24 | 1,494,568 | |||||||||||
| 750,000 | Asian Infrastructure Investment Bank | 0.250 | 09/29/23 | 748,087 | |||||||||||
| 300,000 | Chile Government International Bond | 2.250 | 10/30/22 | 305,190 | |||||||||||
| 500,000 | Corp Andina de Fomento | 2.375 | 05/12/23 | 513,835 | |||||||||||
| 500,000 | e | Council of Europe Development Bank | 0.250 | 06/10/23 | 499,794 | ||||||||||
| 500,000 | Council Of Europe Development Bank | 0.250 | 10/20/23 | 498,567 | |||||||||||
| 500,000 | European Bank for Reconstruction & Development | 2.750 | 03/07/23 | 517,835 | |||||||||||
| 1,000,000 | European Bank for Reconstruction & Development | 0.250 | 07/10/23 | 999,385 | |||||||||||
| 3,707,000 | European Investment Bank | 1.375 | 05/15/23 | 3,773,195 | |||||||||||
| 1,360,000 | European Investment Bank | 0.250 | 09/15/23 | 1,358,341 | |||||||||||
| 1,500,000 | European Investment Bank | 3.250 | 01/29/24 | 1,597,797 | |||||||||||
| 2,000,000 | European Investment Bank | 0.375 | 07/24/24 | 1,991,592 | |||||||||||
| 1,800,000 | Export Development Canada | 1.375 | 02/24/23 | 1,828,460 | |||||||||||
| 1,000,000 | Export-Import Bank of Korea | 0.375 | 02/09/24 | 995,313 | |||||||||||
| 750,000 | Export-Import Bank of Korea | 0.625 | 06/29/24 | 750,624 | |||||||||||
| 500,000 | FMS Wertmanagement AoeR | 2.750 | 03/06/23 | 517,595 | |||||||||||
| 750,000 | Hungary Government International Bond | 5.750 | 11/22/23 | 828,883 | |||||||||||
| 1,000,000 | Hungary Government International Bond | 5.375 | 03/25/24 | 1,109,801 | |||||||||||
| 300,000 | Indonesia Government International Bond | 2.950 | 01/11/23 | 308,790 | |||||||||||
| 1,000,000 | Inter-American Development Bank | 1.750 | 04/14/22 | 1,008,670 | |||||||||||
| 1,100,000 | Inter-American Development Bank | 2.500 | 01/18/23 | 1,132,723 | |||||||||||
| 1,000,000 | Inter-American Development Bank | 0.500 | 05/24/23 | 1,003,978 | |||||||||||
| 1,500,000 | Inter-American Development Bank | 0.250 | 11/15/23 | 1,496,460 | |||||||||||
| 1,000,000 | Inter-American Development Bank | 2.625 | 01/16/24 | 1,049,746 | |||||||||||
| 1,500,000 | International Bank for Reconstruction & Development | 0.125 | 04/20/23 | 1,497,224 | |||||||||||
| 1,000,000 | International Bank for Reconstruction & Development | 1.875 | 06/19/23 | 1,026,940 | |||||||||||
| 1,250,000 | International Bank for Reconstruction & Development | 0.250 | 11/24/23 | 1,247,210 | |||||||||||
| 400,000 | International Finance Corp | 0.500 | 03/20/23 | 401,580 | |||||||||||
| 500,000 | International Finance Corp | 2.875 | 07/31/23 | 523,580 | |||||||||||
| 250,000 | Israel Government International Bond | 4.000 | 06/30/22 | 256,422 | |||||||||||
| 500,000 | Israel Government International Bond | 3.150 | 06/30/23 | 522,536 | |||||||||||
| 200,000 | Japan Bank for International Cooperation | 1.625 | 10/17/22 | 202,834 | |||||||||||
| 450,000 | Japan Bank for International Cooperation | 1.750 | 01/23/23 | 458,441 | |||||||||||
| 800,000 | Japan Bank for International Cooperation | 0.625 | 05/22/23 | 803,653 | |||||||||||
| 365 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 500,000 | Japan Bank for International Cooperation | 3.250 | % | 07/20/23 | $ | 525,591 | ||||||||
| 300,000 | Japan Bank for International Cooperation | 0.375 | 09/15/23 | 299,778 | |||||||||||
| 700,000 | Japan Bank for International Cooperation | 3.375 | 10/31/23 | 742,400 | |||||||||||
| 1,050,000 | Japan Bank for International Cooperation | 0.500 | 04/15/24 | 1,047,557 | |||||||||||
| 300,000 | Korea Development Bank | 3.375 | 03/12/23 | 312,534 | |||||||||||
| 550,000 | Korea Development Bank | 0.500 | 10/27/23 | 549,577 | |||||||||||
| 500,000 | Korea Development Bank | 0.400 | 03/09/24 | 497,085 | |||||||||||
| 500,000 | Korea Development Bank | 0.400 | 06/19/24 | 497,492 | |||||||||||
| 500,000 | Korea Government International Bond | 3.875 | 09/11/23 | 532,970 | |||||||||||
| 500,000 | Kreditanstalt fuer Wiederaufbau | 2.500 | 02/15/22 | 504,361 | |||||||||||
| 1,000,000 | Kreditanstalt fuer Wiederaufbau | 2.125 | 03/07/22 | 1,008,417 | |||||||||||
| 2,000,000 | Kreditanstalt fuer Wiederaufbau | 1.750 | 08/22/22 | 2,028,493 | |||||||||||
| 5,100,000 | Kreditanstalt fuer Wiederaufbau | 1.625 | 02/15/23 | 5,198,337 | |||||||||||
| 1,500,000 | Kreditanstalt fuer Wiederaufbau | 0.250 | 04/25/23 | 1,499,937 | |||||||||||
| 500,000 | Kreditanstalt fuer Wiederaufbau | 0.250 | 10/19/23 | 499,136 | |||||||||||
| 1,400,000 | Kreditanstalt fuer Wiederaufbau | 0.250 | 03/08/24 | 1,393,370 | |||||||||||
| 1,500,000 | Kreditanstalt fuer Wiederaufbau | 0.500 | 09/20/24 | 1,497,093 | |||||||||||
| 500,000 | Nordic Investment Bank | 1.375 | 10/17/22 | 505,867 | |||||||||||
| 250,000 | Nordic Investment Bank | 0.375 | 05/19/23 | 250,424 | |||||||||||
| 400,000 | Poland Government International Bond | 3.000 | 03/17/23 | 414,804 | |||||||||||
| 1,000,000 | Poland Government International Bond | 4.000 | 01/22/24 | 1,078,181 | |||||||||||
| 500,000 | Province of Alberta Canada | 3.350 | 11/01/23 | 530,359 | |||||||||||
| 750,000 | Province of Alberta Canada | 2.950 | 01/23/24 | 792,163 | |||||||||||
| 300,000 | Province of British Columbia Canada | 2.000 | 10/23/22 | 305,739 | |||||||||||
| 400,000 | Province of Manitoba Canada | 2.125 | 05/04/22 | 404,544 | |||||||||||
| 1,055,000 | Province of Ontario Canada | 1.750 | 01/24/23 | 1,075,545 | |||||||||||
| 600,000 | Province of Ontario Canada | 3.400 | 10/17/23 | 636,364 | |||||||||||
| 1,000,000 | Province of Ontario Canada | 3.050 | 01/29/24 | 1,058,746 | |||||||||||
| 900,000 | Province of Quebec Canada | 2.625 | 02/13/23 | 928,565 | |||||||||||
| 1,000,000 | Republic of Italy Government International Bond | 6.875 | 09/27/23 | 1,121,028 | |||||||||||
| 1,000,000 | Republic of Italy Government International Bond | 0.875 | 05/06/24 | 997,419 | |||||||||||
| 660,000 | Svensk Exportkredit AB | 1.625 | 11/14/22 | 670,173 | |||||||||||
| 300,000 | Svensk Exportkredit AB | 2.875 | 03/14/23 | 311,181 | |||||||||||
| 1,000,000 | Svensk Exportkredit AB | 0.750 | 04/06/23 | 1,006,710 | |||||||||||
| 500,000 | e | Svensk Exportkredit AB | 0.375 | 03/11/24 | 498,420 | ||||||||||
| 925,000 | Svensk Exportkredit AB | 0.625 | 10/07/24 | 924,471 | |||||||||||
| TOTAL FOREIGN GOVERNMENT BONDS | 70,546,616 | ||||||||||||||
| MUNICIPAL BONDS - 0.0% | |||||||||||||||
| 280,000 | Port Authority of New York & New Jersey | 1.086 | 07/01/23 | 283,602 | |||||||||||
| TOTAL MUNICIPAL BONDS | 283,602 | ||||||||||||||
| U.S. TREASURY SECURITIES - 67.7% | |||||||||||||||
| 10,000,000 | United States Treasury Note | 1.500 | 09/15/22 | 10,133,594 | |||||||||||
| 14,000,000 | United States Treasury Note | 0.125 | 09/30/22 | 14,004,375 | |||||||||||
| 17,400,000 | United States Treasury Note | 1.375 | 10/15/22 | 17,628,375 | |||||||||||
| 9,250,000 | United States Treasury Note | 0.125 | 10/31/22 | 9,251,084 | |||||||||||
| 20,000,000 | United States Treasury Note | 1.625 | 11/15/22 | 20,337,500 | |||||||||||
| 27,250,000 | United States Treasury Note | 0.125 | 11/30/22 | 27,245,742 | |||||||||||
| 31,000,000 | United States Treasury Note | 1.625 | 12/15/22 | 31,555,820 | |||||||||||
| 8,000,000 | United States Treasury Note | 0.125 | 12/31/22 | 7,997,500 | |||||||||||
| 22,000,000 | United States Treasury Note | 1.500 | 01/15/23 | 22,382,422 | |||||||||||
| 7,000,000 | United States Treasury Note | 0.125 | 01/31/23 | 6,996,445 | |||||||||||
| 12,000,000 | United States Treasury Note | 1.375 | 02/15/23 | 12,198,750 | |||||||||||
| 366 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
| $ | 17,000,000 | United States Treasury Note | 0.125 | % | 02/28/23 | $ | 16,987,383 | ||||||||
| 1,000,000 | United States Treasury Note | 2.625 | 02/28/23 | 1,034,570 | |||||||||||
| 1,730,000 | United States Treasury Note | 0.125 | 03/31/23 | 1,728,311 | |||||||||||
| 21,500,000 | United States Treasury Note | 0.250 | 04/15/23 | 21,515,957 | |||||||||||
| 13,500,000 | United States Treasury Note | 0.125 | 04/30/23 | 13,482,070 | |||||||||||
| 21,500,000 | United States Treasury Note | 0.125 | 05/15/23 | 21,468,926 | |||||||||||
| 20,500,000 | United States Treasury Note | 0.125 | 05/31/23 | 20,467,168 | |||||||||||
| 18,000,000 | United States Treasury Note | 0.250 | 06/15/23 | 18,004,219 | |||||||||||
| 29,000,000 | United States Treasury Note | 0.125 | 06/30/23 | 28,950,156 | |||||||||||
| 17,600,000 | United States Treasury Note | 0.125 | 07/15/23 | 17,563,563 | |||||||||||
| 13,800,000 | United States Treasury Note | 0.125 | 07/31/23 | 13,770,352 | |||||||||||
| 16,500,000 | United States Treasury Note | 0.125 | 08/15/23 | 16,458,750 | |||||||||||
| 11,000,000 | United States Treasury Note | 0.125 | 08/31/23 | 10,970,781 | |||||||||||
| 6,750,000 | United States Treasury Note | 0.125 | 09/15/23 | 6,729,434 | |||||||||||
| 10,500,000 | United States Treasury Note | 0.250 | 09/30/23 | 10,491,797 | |||||||||||
| 33,750,000 | United States Treasury Note | 0.125 | 10/15/23 | 33,628,711 | |||||||||||
| 46,250,000 | United States Treasury Note | 0.250 | 11/15/23 | 46,184,961 | |||||||||||
| 33,250,000 | United States Treasury Note | 0.125 | 12/15/23 | 33,094,141 | |||||||||||
| 16,600,000 | United States Treasury Note | 0.125 | 01/15/24 | 16,511,164 | |||||||||||
| 48,243,000 | United States Treasury Note | 0.125 | 02/15/24 | 47,965,979 | |||||||||||
| 42,000,000 | United States Treasury Note | 0.250 | 03/15/24 | 41,853,984 | |||||||||||
| 34,000,000 | United States Treasury Note | 0.375 | 04/15/24 | 33,961,484 | |||||||||||
| 33,000,000 | United States Treasury Note | 0.250 | 05/15/24 | 32,841,445 | |||||||||||
| 41,000,000 | United States Treasury Note | 0.250 | 06/15/24 | 40,772,578 | |||||||||||
| 35,000,000 | United States Treasury Note | 0.375 | 07/15/24 | 34,904,297 | |||||||||||
| 53,000,000 | United States Treasury Note | 0.375 | 08/15/24 | 52,809,531 | |||||||||||
| 29,500,000 | United States Treasury Note | 0.375 | 09/15/24 | 29,373,242 | |||||||||||
| 5,000,000 | United States Treasury Note | 0.250 | 08/31/25 | 4,897,852 | |||||||||||
| 4,000,000 | United States Treasury Note | 0.250 | 09/30/25 | 3,914,219 | |||||||||||
| TOTAL U.S. TREASURY SECURITIES | 852,068,632 | ||||||||||||||
| TOTAL GOVERNMENT BONDS | 959,480,596 | ||||||||||||||
| (Cost $958,958,500) | |||||||||||||||
| TOTAL BONDS | 1,254,553,718 | ||||||||||||||
| (Cost $1,252,591,015) | |||||||||||||||
| SHORT-TERM INVESTMENTS - 1.9% | |||||||||||||||
| GOVERNMENT AGENCY DEBT - 0.1% | |||||||||||||||
| 965,000 | Federal Home Loan Bank (FHLB) | 0.000 | 10/22/21 | 964,989 | |||||||||||
| TOTAL GOVERNMENT AGENCY DEBT | 964,989 | ||||||||||||||
| REPURCHASE AGREEMENT - 1.5% | |||||||||||||||
| 19,390,000 | r | Fixed Income Clearing Corp (FICC) | 0.010 | 10/01/21 | 19,390,000 | ||||||||||
| TOTAL REPURCHASE AGREEMENT | 19,390,000 | ||||||||||||||
| 367 |
TIAA-CREF FUNDS – Short-Term Bond Index Fund
| SHARES | COMPANY | RATE | VALUE | ||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3% | |||||||||||||||
| 2,927,336 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.030 | % | $ | 2,927,336 | |||||||||
| TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 2,927,336 | ||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | 23,282,325 | ||||||||||||||
| (Cost $23,282,314) | |||||||||||||||
| TOTAL INVESTMENTS - 101.6% | 1,277,836,043 | ||||||||||||||
| (Cost $1,275,873,329) | |||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - (1.6)% | (20,090,901 | ) | |||||||||||||
| NET ASSETS - 100.0% | $ | 1,257,745,142 | |||||||||||||
| ‡ | Perpetual security | ||
| 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 $2,763,238. | ||
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 9/30/21, the aggregate value of these securities is $4,042,970 or 0.3% of net assets. | ||
| r | Agreement with Fixed Income Clearing Corp (FICC), 0.010% dated 9/30/21 to be repurchased at $19,390,000 on 10/1/21, collateralized by U.S. Treasury Notes valued at $19,777,826. | ||
| 368 |
TIAA-CREF FUNDS – Money Market Fund
TIAA-CREF FUNDS
MONEY MARKET FUND
SCHEDULE OF INVESTMENTS (unaudited)
September 30, 2021
| PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
| SHORT-TERM INVESTMENTS - 100.0% | |||||||||||||||||
| GOVERNMENT AGENCY DEBT - 48.2% | |||||||||||||||||
| $ | 14,000,000 | Federal Agricultural Mortgage Corp (FAMC) | 0.000 | % | 10/20/21 | $ | 13,999,630 | ||||||||||
| 200,000 | FAMC | 1.600 | 10/21/21 | 200,167 | |||||||||||||
| 3,500,000 | FAMC | 0.000 | 11/23/21 | 3,499,768 | |||||||||||||
| 2,000,000 | FAMC | 0.000 | 11/30/21 | 1,999,867 | |||||||||||||
| 4,700,000 | FAMC | 0.000 | 12/09/21 | 4,699,640 | |||||||||||||
| 111,000 | Federal Farm Credit Bank (FFCB) | 0.000 | 10/06/21 | 110,999 | |||||||||||||
| 1,500,000 | FFCB | 0.000 | 10/21/21 | 1,499,963 | |||||||||||||
| 5,000,000 | FFCB | 0.000 | 10/25/21 | 4,999,900 | |||||||||||||
| 650,000 | FFCB | 0.000 | 11/01/21 | 649,972 | |||||||||||||
| 275,000 | FFCB | 0.125 | 11/02/21 | 275,018 | |||||||||||||
| 525,000 | FFCB | 1.950 | 11/02/21 | 525,864 | |||||||||||||
| 13,570,000 | FFCB | 0.000 | 11/04/21 | 13,569,393 | |||||||||||||
| 2,775,000 | FFCB | 0.000 | 11/05/21 | 2,774,865 | |||||||||||||
| 8,000,000 | FFCB | 0.000 | 11/29/21 | 7,999,476 | |||||||||||||
| 10,000,000 | FFCB | 0.000 | 12/06/21 | 9,999,083 | |||||||||||||
| 6,125,000 | FFCB | 0.000 | 12/07/21 | 6,124,430 | |||||||||||||
| 1,900,000 | FFCB | 0.000 | 12/27/21 | 1,899,770 | |||||||||||||
| 4,200,000 | FFCB | 0.000 | 01/18/22 | 4,199,364 | |||||||||||||
| 350,000 | Federal Home Loan Bank (FHLB) | 0.000 | 10/04/21 | 349,999 | |||||||||||||
| 1,250,000 | FHLB | 0.030 | 10/05/21 | 1,249,998 | |||||||||||||
| 1,512,000 | FHLB | 0.000 | 10/06/21 | 1,511,991 | |||||||||||||
| 9,000,000 | FHLB | 0.000 | 10/07/21 | 8,999,932 | |||||||||||||
| 8,690,000 | FHLB | 0.000 | 10/08/21 | 8,689,925 | |||||||||||||
| 2,735,000 | FHLB | 0.040 | 10/08/21 | 2,734,997 | |||||||||||||
| 2,150,000 | FHLB | 3.000 | 10/12/21 | 2,151,897 | |||||||||||||
| 27,528,000 | FHLB | 0.000 | 10/13/21 | 27,527,633 | |||||||||||||
| 24,750,000 | FHLB | 0.000 | 10/15/21 | 24,749,496 | |||||||||||||
| 2,150,000 | FHLB | 0.000 | 10/20/21 | 2,149,951 | |||||||||||||
| 1,600,000 | FHLB | 0.000 | 10/21/21 | 1,599,964 | |||||||||||||
| 41,158,000 | FHLB | 0.000 | 10/22/21 | 41,156,962 | |||||||||||||
| 26,000,000 | FHLB | 0.030 | 10/25/21 | 25,999,788 | |||||||||||||
| 8,250,000 | FHLB | 0.035 | 10/26/21 | 8,249,938 | |||||||||||||
| 31,745,000 | FHLB | 0.000 | 10/27/21 | 31,743,827 | |||||||||||||
| 7,000,000 | FHLB | 0.000 | 10/29/21 | 6,999,755 | |||||||||||||
| 9,000,000 | FHLB | 0.040 | 10/29/21 | 8,999,943 | |||||||||||||
| 1,781,000 | FHLB | 0.000 | 11/03/21 | 1,780,913 | |||||||||||||
| 17,000,000 | FHLB | 0.000 | 11/05/21 | 16,999,266 | |||||||||||||
| 7,000,000 | FHLB | 0.030 | 11/05/21 | 6,999,944 | |||||||||||||
| 10,000,000 | FHLB | 0.050 | 11/05/21 | 9,999,988 | |||||||||||||
| 14,000,000 | FHLB | 0.000 | 11/08/21 | 13,999,335 | |||||||||||||
| 7,000,000 | FHLB | 0.050 | 11/09/21 | 6,999,991 | |||||||||||||
| 21,734,000 | FHLB | 0.000 | 11/10/21 | 21,732,983 | |||||||||||||
| 16,146,000 | FHLB | 0.000 | 11/12/21 | 16,145,143 | |||||||||||||
| 100,000 | FHLB | 0.000 | 11/15/21 | 99,994 | |||||||||||||
| 51,000,000 | FHLB | 0.000 | 11/17/21 | 50,997,859 | |||||||||||||
| 7,550,000 | FHLB | 1.625 | 11/19/21 | 7,565,795 | |||||||||||||
| 30,062,000 | FHLB | 0.000 | 11/19/21 | 30,060,210 | |||||||||||||
| 19,067,000 | FHLB | 0.000 | 11/24/21 | 19,065,917 | |||||||||||||
| 5,400,000 | FHLB | 0.000 | 11/26/21 | 5,399,635 | |||||||||||||
| 300,000 | FHLB | 1.875 | 11/29/21 | 300,877 | |||||||||||||
| 369 |
TIAA-CREF FUNDS – Money Market Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 700,000 | FHLB | 0.090 | % | 11/30/21 | $ | 700,046 | ||||||||||
| 34,666,000 | FHLB | 0.000 | 11/30/21 | 34,664,267 | |||||||||||||
| 19,100,000 | FHLB | 0.000 | 12/01/21 | 19,098,724 | |||||||||||||
| 14,105,000 | FHLB | 0.000 | 12/03/21 | 14,103,994 | |||||||||||||
| 17,533,000 | FHLB | 0.000 | 12/08/21 | 17,531,675 | |||||||||||||
| 11,000,000 | FHLB | 0.000 | 12/10/21 | 10,999,205 | |||||||||||||
| 975,000 | FHLB | 2.625 | 12/10/21 | 979,787 | |||||||||||||
| 2,100,000 | FHLB | 2.875 | 12/10/21 | 2,111,328 | |||||||||||||
| 3,500,000 | FHLB | 0.000 | 12/15/21 | 3,499,562 | |||||||||||||
| 9,806,000 | FHLB | 0.000 | 12/17/21 | 9,805,015 | |||||||||||||
| 4,400,000 | FHLB | 1.625 | 12/20/21 | 4,415,201 | |||||||||||||
| 10,028,000 | FHLB | 0.000 | 12/22/21 | 10,027,177 | |||||||||||||
| 13,000,000 | FHLB | 0.040 | 12/22/21 | 12,999,987 | |||||||||||||
| 6,296,000 | FHLB | 0.000 | 12/27/21 | 6,295,448 | |||||||||||||
| 13,374,000 | FHLB | 0.000 | 12/29/21 | 13,372,843 | |||||||||||||
| 18,013,000 | Federal Home Loan Mortgage Corp (FHLMC) | 2.375 | 01/13/22 | 18,132,065 | |||||||||||||
| 6,632,000 | Federal National Mortgage Association (FNMA) | 1.375 | 10/07/21 | 6,633,434 | |||||||||||||
| 2,700,000 | FNMA | 0.000 | 11/10/21 | 2,699,850 | |||||||||||||
| 3,500,000 | FNMA | 0.000 | 11/17/21 | 3,499,793 | |||||||||||||
| 200,000 | FNMA | 2.000 | 01/05/22 | 201,021 | |||||||||||||
| 5,516,000 | FNMA | 2.625 | 01/11/22 | 5,555,501 | |||||||||||||
| TOTAL GOVERNMENT AGENCY DEBT | 689,366,938 | ||||||||||||||||
| TREASURY DEBT - 28.9% | |||||||||||||||||
| 10,458,000 | United States Cash Management Bill | 0.000 | 10/26/21 | 10,457,652 | |||||||||||||
| 94,114,000 | United States Cash Management Bill | 0.000 | 11/02/21 | 94,110,020 | |||||||||||||
| 22,647,000 | United States Cash Management Bill | 0.000 | 11/09/21 | 22,645,798 | |||||||||||||
| 68,195,000 | United States Cash Management Bill | 0.000 | 11/16/21 | 68,190,860 | |||||||||||||
| 7,000,000 | United States Cash Management Bill | 0.000 | 11/23/21 | 6,999,516 | |||||||||||||
| 7,569,000 | United States Cash Management Bill | 0.000 | 12/07/21 | 7,568,296 | |||||||||||||
| 15,753,000 | United States Cash Management Bill | 0.000 | 12/21/21 | 15,751,497 | |||||||||||||
| 44,789,000 | United States Cash Management Bill | 0.000 | 12/28/21 | 44,784,244 | |||||||||||||
| 5,500,000 | United States Treasury Bill | 0.000 | 10/14/21 | 5,499,928 | |||||||||||||
| 42,264,000 | United States Treasury Bill | 0.000 | 10/21/21 | 42,263,101 | |||||||||||||
| 30,659,000 | United States Treasury Bill | 0.000 | 11/04/21 | 30,657,624 | |||||||||||||
| 8,500,000 | United States Treasury Bill | 0.000 | 12/02/21 | 8,499,268 | |||||||||||||
| 26,647,000 | United States Treasury Bill | 0.000 | 12/09/21 | 26,644,806 | |||||||||||||
| 23,000,000 | United States Treasury Bill | 0.000 | 12/16/21 | 22,997,714 | |||||||||||||
| 23,000 | United States Treasury Bill | 0.000 | 12/23/21 | 22,998 | |||||||||||||
| 6,233,000 | United States Treasury Bill | 0.000 | 01/06/22 | 6,232,160 | |||||||||||||
| TOTAL TREASURY DEBT | 413,325,482 | ||||||||||||||||
| VARIABLE RATE SECURITIES - 22.9% | |||||||||||||||||
| 2,500,000 | i | Federal Agricultural Mortgage Corp (FAMC) | SOFR + 0.020% | 0.070 | 10/24/22 | 2,500,000 | |||||||||||
| 10,000,000 | i | Federal Farm Credit Bank (FFCB) | SOFR + 0.055% | 0.105 | 10/15/21 | 10,000,000 | |||||||||||
| 350,000 | i | FFCB | SOFR + 0.020% | 0.070 | 12/30/21 | 350,011 | |||||||||||
| 10,000,000 | i | FFCB | SOFR + 0.070% | 0.120 | 02/17/22 | 10,000,000 | |||||||||||
| 17,700,000 | i | FFCB | SOFR + 0.040% | 0.090 | 06/01/22 | 17,700,265 | |||||||||||
| 20,500,000 | i | FFCB | SOFR + 0.005% | 0.055 | 07/12/22 | 20,499,466 | |||||||||||
| 5,150,000 | i | FFCB | SOFR + 0.190% | 0.240 | 07/14/22 | 5,150,185 | |||||||||||
| 7,500,000 | i | FFCB | SOFR + 0.070% | 0.120 | 08/11/22 | 7,500,000 | |||||||||||
| 3,000,000 | i | FFCB | SOFR + 0.050% | 0.100 | 08/12/22 | 3,000,919 | |||||||||||
| 20,600,000 | i | FFCB | SOFR + 0.045% | 0.095 | 09/08/22 | 20,601,378 | |||||||||||
| 3,775,000 | i | FFCB | SOFR + 0.060% | 0.110 | 10/21/22 | 3,775,000 | |||||||||||
| 370 |
TIAA-CREF FUNDS – Money Market Fund
| PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
| $ | 19,909,000 | i | FFCB | SOFR + 0.010% | 0.060 | % | 11/16/22 | $ | 19,908,625 | ||||||||
| 6,501,000 | i | FFCB | SOFR + 0.060% | 0.110 | 12/28/22 | 6,504,519 | |||||||||||
| 1,000,000 | i | FFCB | SOFR + 0.050% | 0.100 | 02/17/23 | 1,000,314 | |||||||||||
| 1,000,000 | i | FFCB | SOFR + 0.040% | 0.090 | 03/10/23 | 1,000,000 | |||||||||||
| 4,000,000 | i | FFCB | SOFR + 0.035% | 0.085 | 05/04/23 | 4,000,000 | |||||||||||
| 2,000,000 | i | FFCB | SOFR + 0.025% | 0.075 | 09/27/23 | 2,000,000 | |||||||||||
| 25,000,000 | i | Federal Home Loan Bank (FHLB) | SOFR + 0.120% | 0.170 | 10/13/21 | 25,000,000 | |||||||||||
| 5,000,000 | i | FHLB | SOFR + 0.150% | 0.200 | 11/15/21 | 5,000,925 | |||||||||||
| 150,000 | i | FHLB | SOFR + 0.035% | 0.085 | 12/10/21 | 150,008 | |||||||||||
| 9,000,000 | i | FHLB | SOFR + 0.065% | 0.115 | 12/21/21 | 9,000,000 | |||||||||||
| 15,000,000 | i | FHLB | SOFR + 0.080% | 0.130 | 02/22/22 | 15,000,000 | |||||||||||
| 1,000,000 | i | FHLB | SOFR + 0.010% | 0.060 | 03/16/22 | 999,977 | |||||||||||
| 10,000,000 | i | FHLB | SOFR + 0.055% | 0.105 | 05/13/22 | 10,000,000 | |||||||||||
| 6,000,000 | i | FHLB | SOFR + 0.090% | 0.140 | 05/26/22 | 6,000,000 | |||||||||||
| 8,000,000 | i | FHLB | SOFR + 0.010% | 0.060 | 06/23/22 | 8,000,000 | |||||||||||
| 10,825,000 | i | FHLB | SOFR + 0.045% | 0.095 | 07/29/22 | 10,825,000 | |||||||||||
| 7,725,000 | i | FHLB | SOFR + 0.010% | 0.060 | 08/10/22 | 7,725,000 | |||||||||||
| 280,000 | i | FHLB | SOFR + 0.090% | 0.140 | 09/08/22 | 280,199 | |||||||||||
| 10,000,000 | i | FHLB | SOFR + 0.085% | 0.135 | 10/05/22 | 10,000,000 | |||||||||||
| 36,500,000 | i | FHLB | SOFR + 0.060% | 0.110 | 12/08/22 | 36,512,378 | |||||||||||
| 2,000,000 | i | FHLB | SOFR + 0.035% | 0.085 | 05/19/23 | 2,000,000 | |||||||||||
| 7,000,000 | i | FHLB | SOFR + 0.030% | 0.080 | 08/11/23 | 7,000,000 | |||||||||||
| 450,000 | i | Federal Home Loan Mortgage Corp (FHLMC) | SOFR + 0.145% | 0.195 | 12/09/21 | 450,121 | |||||||||||
| 6,350,000 | i | FHLMC | SOFR + 0.140% | 0.190 | 12/10/21 | 6,351,702 | |||||||||||
| 325,000 | i | FHLMC | SOFR + 0.150% | 0.200 | 03/04/22 | 325,199 | |||||||||||
| 1,500,000 | i | FHLMC | SOFR + 0.190% | 0.240 | 06/02/22 | 1,501,784 | |||||||||||
| 150,000 | i | FHLMC | SOFR + 0.130% | 0.180 | 08/05/22 | 150,148 | |||||||||||
| 10,150,000 | i | FHLMC | SOFR + 0.095% | 0.145 | 08/19/22 | 10,150,080 | |||||||||||
| 10,000,000 | i | Federal National Mortgage Association (FNMA) | SOFR + 0.320% | 0.370 | 10/22/21 | 10,000,000 | |||||||||||
| 800,000 | i | FNMA | SOFR + 0.110% | 0.160 | 03/04/22 | 800,353 | |||||||||||
| 3,020,000 | i | FNMA | SOFR + 0.190% | 0.240 | 05/27/22 | 3,023,673 | |||||||||||
| 400,000 | i | FNMA | SOFR + 0.180% | 0.230 | 07/08/22 | 400,529 | |||||||||||
| 3,500,000 | i | FNMA | SOFR + 0.120% | 0.170 | 07/29/22 | 3,503,148 | |||||||||||
| 1,204,000 | i | United States Treasury Note | US Treasury Bill 3 M + 0.034% | 0.069 | 04/30/23 | 1,204,038 | |||||||||||
| TOTAL VARIABLE RATE SECURITIES | 326,844,944 | ||||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | 1,429,537,364 | ||||||||||||||||
| (Cost $1,429,537,364) | |||||||||||||||||
| TOTAL INVESTMENTS- 100.0% | 1,429,537,364 | ||||||||||||||||
| (Cost $1,429,537,364) | |||||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - 0.0% | 836,491 | ||||||||||||||||
| NET ASSETS - 100.0% | $ | 1,430,373,855 | |||||||||||||||
| Abbreviation(s): | ||||||||||||||||||
| M | Month | |||||||||||||||||
| SOFR | Secure Overnight Financing Rate | |||||||||||||||||
| 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. | |||||||||||||||||
| 371 |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not Applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not Applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not Applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees.
Item 11. 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 semi-annual reporting period.
(b) There were no changes in the Registrant’s internal control over financial reporting that occurred during the Registrant’s semi-annual period covered by this report that materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not Applicable
Item 13. Exhibits.
13(a)(2)(i) Section 302 certification of the principal executive officer
13(a)(2)(ii) Section 302 certification of the principal financial officer
13(b) Section 906 certification of principal executive officer and 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: November 16, 2021 | 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: November 16, 2021 | By: | /s/Bradley Finkle |
| Bradley Finkle | ||
| Principal Executive Officer and President (principal executive officer) |
| Dated: November 16, 2021 | By: | /s/E. Scott Wickerham |
| E. Scott Wickerham | ||
| Principal Financial Officer, Principal Accounting Officer and Treasurer | ||
| (principal financial officer) |