TIAA-CREF FUNDS - Growth & Income Fund

TIAA-CREF FUNDS

GROWTH & INCOME FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.7%
AUTOMOBILES & COMPONENTS - 0.4%
	328,025		Aptiv plc	$	27,813,240
			TOTAL AUTOMOBILES & COMPONENTS		27,813,240
BANKS - 5.9%
	3,010,460		Bank of America Corp		98,833,402
	1,019,224		Citigroup, Inc		75,840,458
	906,670		Citizens Financial Group, Inc		33,800,657
	1,050,005		JPMorgan Chase & Co		138,978,662
	198,532	n	M&T Bank Corp		33,456,613
	376,874		Radian Group, Inc		9,229,644
			TOTAL BANKS		390,139,436
CAPITAL GOODS - 7.2%
	102,084	n	Boeing Co		32,490,275
	119,676	n	Carlisle Cos, Inc		18,696,981
	164,738		Deere & Co		26,124,152
	365,768		Dover Corp		41,642,687
	672,942		General Electric Co		8,378,128
	431,767		Honeywell International, Inc		74,790,680
	271,385		Ingersoll-Rand plc		36,156,623
	557,248		ITT, Inc		37,380,196
	108,387		Jacobs Engineering Group, Inc		10,029,049
	250,826		L3Harris Technologies, Inc		55,515,318
	110,175	n	Northrop Grumman Corp		41,268,250
	259,304		Owens Corning, Inc		15,685,299
	82,928	*	Teledyne Technologies, Inc		30,273,696
	22,562		TransDigm Group, Inc		14,513,683
	258,973		United Technologies Corp		38,897,745
			TOTAL CAPITAL GOODS		481,842,762
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%
	313,904		Waste Management, Inc		38,202,117
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		38,202,117
CONSUMER DURABLES & APPAREL - 1.9%
	464,486	*	CROCS, Inc		17,608,664
	88,494	*,n	Deckers Outdoor Corp		16,894,390
	556,130		KB Home		20,882,681
	103,068	*,n	Lululemon Athletica, Inc		24,673,449
	1,804,132	*,e,n	Mattel, Inc		26,394,451
	920,938	*,g	Spin Master Corp		22,031,810
			TOTAL CONSUMER DURABLES & APPAREL		128,485,445

1

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 0.7%
	16,519	*,n	Chipotle Mexican Grill, Inc (Class A)	$	14,318,009
	284,980		Royal Caribbean Cruises Ltd		33,365,458
			TOTAL CONSUMER SERVICES		47,683,467
DIVERSIFIED FINANCIALS - 2.8%
	163,416		American Express Co		21,222,836
	246,812		Blackstone Group, Inc		15,072,809
	244,209	n	CME Group, Inc		53,020,216
	1,079,885		Morgan Stanley		56,434,790
	696,606		Voya Financial, Inc		41,608,276
			TOTAL DIVERSIFIED FINANCIALS		187,358,927
ENERGY - 3.6%
	434,532		Cabot Oil & Gas Corp		6,122,556
	655,609		Chevron Corp		70,241,948
	709,000		ConocoPhillips		42,135,870
	423,496		EOG Resources, Inc		30,877,093
	277,173	n	Hess Corp		15,679,677
	389,156		ONEOK, Inc		29,136,110
	1,294,740		Parsley Energy, Inc		21,544,473
	165,632		Valero Energy Corp		13,964,434
	999,201	*	WPX Energy, Inc		11,940,452
			TOTAL ENERGY		241,642,613
FOOD & STAPLES RETAILING - 1.3%
	152,408	n	Costco Wholesale Corp		46,563,692
	359,343		Walmart, Inc		41,141,180
			TOTAL FOOD & STAPLES RETAILING		87,704,872
FOOD, BEVERAGE & TOBACCO - 4.2%
	409,496		Campbell Soup Co		19,815,511
	940,957		Coca-Cola Co		54,951,889
	679,803		ConAgra Brands, Inc		22,379,115
	516,292		Diageo plc		20,415,787
	109,044		Hershey Co		16,920,357
	953,703		Mondelez International, Inc		54,723,478
	366,016	*	Monster Beverage Corp		24,376,666
	470,427	n	PepsiCo, Inc		66,810,043
			TOTAL FOOD, BEVERAGE & TOBACCO		280,392,846
HEALTH CARE EQUIPMENT & SERVICES - 7.2%
	95,140	n	Anthem, Inc		25,238,739
	156,792		Baxter International, Inc		13,988,982
	1,206,406	*,n	Boston Scientific Corp		50,512,219
	127,966		Cigna Corp		24,618,099
	330,122		CVS Health Corp		22,388,874
	344,591		Danaher Corp		55,434,354

2

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
	126,445	*,n	DexCom, Inc	$	30,441,634
	109,949	*	Edwards Lifesciences Corp		24,173,387
	122,767	*	Guardant Health, Inc		9,335,203
	216,738		HCA Healthcare, Inc		30,083,234
	137,434	n	Humana, Inc		46,210,808
	102,154	*	IDEXX Laboratories, Inc		27,684,756
	547,611		Medtronic plc		63,216,214
	156,037	*	Neogen Corp		10,496,609
	96,435		STERIS plc		14,531,790
	215,383		Zimmer Biomet Holdings, Inc		31,855,146
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		480,210,048
HOUSEHOLD & PERSONAL PRODUCTS - 2.3%
	194,860		Colgate-Palmolive Co		14,376,771
	164,113		Estee Lauder Cos (Class A)		32,028,293
	760,366		Procter & Gamble Co		94,756,811
	154,050		Reckitt Benckiser Group plc		12,751,227
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		153,913,102
INSURANCE - 2.9%
	802,122		American International Group, Inc		40,314,652
	294,462		Arthur J. Gallagher & Co		30,202,967
	209,366		Assurant, Inc		27,334,825
	802,931		Hartford Financial Services Group, Inc		47,597,750
	593,741		Metlife, Inc		29,514,865
	271,536		W.R. Berkley Corp		19,966,042
			TOTAL INSURANCE		194,931,101
MATERIALS - 3.6%
	391,276		CF Industries Holdings, Inc		15,760,597
	627,574		Dow, Inc		28,912,334
	612,072		DuPont de Nemours, Inc		31,325,845
	68,241		Ecolab, Inc		13,382,743
	246,282		FMC Corp		23,542,096
	366,296		Linde plc		74,405,707
	740,057		Pan American Silver Corp		17,006,510
	103,998		PPG Industries, Inc		12,463,120
	1,016,737	*	Summit Materials, Inc		22,337,712
			TOTAL MATERIALS		239,136,664
MEDIA & ENTERTAINMENT - 8.9%
	154,534	*,n	Alphabet, Inc (Class C)		221,637,299
	1,120,794		Comcast Corp (Class A)		48,407,093
	573,980	*	Facebook, Inc		115,892,302
	128,739	*	NetFlix, Inc		44,426,541
	26,801		Nintendo Co Ltd		9,858,898
	256,995	*	Reynolds Consumer Products Inc		7,337,207
	683,776	*	Snap, Inc		12,567,803

3

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
	174,494	*	Take-Two Interactive Software, Inc	$	21,748,932
	315,097		ViacomCBS, Inc (Class B)		10,754,261
	658,036		Walt Disney Co		91,012,959
	217,046	e,n	World Wrestling Entertainment, Inc (Class A)		10,609,209
			TOTAL MEDIA & ENTERTAINMENT		594,252,504
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.0%
	790,094	n	AbbVie, Inc		64,013,416
	431,396	*	Acadia Pharmaceuticals, Inc		17,229,956
	267,484		AstraZeneca plc		26,167,303
	1,262,112	*	Avantor, Inc		23,311,209
	24,261	*,n	Biogen, Inc		6,522,570
	103,668	*	Bluebird Bio, Inc		8,261,303
	254,144	*	Bridgebio Pharma, Inc		8,765,427
	295,909		Daiichi Sankyo Co Ltd		19,996,670
	156,078		Eli Lilly & Co		21,794,732
	212,926	*,n	Exact Sciences Corp		19,861,737
	104,754	*,e,n	GW Pharmaceuticals plc (ADR)		12,102,230
	195,430	*	IQVIA Holdings, Inc		30,340,507
	139,118	*,n	Jazz Pharmaceuticals plc		19,942,565
	49,931		Lonza Group AG.		20,506,151
	646,325		Merck & Co, Inc		55,222,008
	659,993	*	Mylan NV		14,137,050
	135,280	*	Neurocrine Biosciences, Inc		13,538,822
	368,794		Novo Nordisk AS		22,449,100
	2,024,745		Pfizer, Inc		75,401,504
	141,327	*	Sage Therapeutics, Inc		9,367,154
	274,923		Sanofi-Aventis		26,513,111
	88,860		Vifor Pharma AG.		16,374,832
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		531,819,357
REAL ESTATE - 1.5%
	193,503	n	American Tower Corp		44,842,385
	356,966		Outfront Media, Inc		10,616,169
	471,997		Prologis, Inc		43,839,081
			TOTAL REAL ESTATE		99,297,635
RETAILING - 5.7%
	103,252	*,n	Amazon.com, Inc		207,404,357
	487,302		Best Buy Co, Inc		41,269,606
	221,220	e,n	Children’s Place, Inc		13,200,198
	360,786	n	Home Depot, Inc		82,295,287
	332,092		Target Corp		36,775,868
			TOTAL RETAILING		380,945,316

4

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.3%
	720,105	*,n	Advanced Micro Devices, Inc	$	33,844,935
	455,973	*,n	Cree, Inc		21,198,185
	669,449	*,e	Enphase Energy, Inc		21,101,032
	157,769	*	Inphi Corp		11,984,133
	1,197,529		Intel Corp		76,558,029
	1,260,951		Marvell Technology Group Ltd		30,313,262
	139,487	n	Monolithic Power Systems, Inc		23,875,990
	211,835		NVIDIA Corp		50,084,149
	114,702		NXP Semiconductors NV		14,551,095
	249,451	n	QUALCOMM, Inc		21,280,665
	136,965	n	Skyworks Solutions, Inc		15,497,590
	317,788		Taiwan Semiconductor Manufacturing Co Ltd (ADR)		17,141,485
	98,529	n	Universal Display Corp		17,357,854
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		354,788,404
SOFTWARE & SERVICES - 11.8%
	66,715	*	CACI International, Inc (Class A)		17,842,260
	124,591		Dassault Systemes S.A.		21,568,417
	283,250		Fidelity National Information Services, Inc		40,691,695
	260,720	*	Fiserv, Inc		30,923,999
	154,231	*,n	Guidewire Software, Inc		17,350,987
	366,900	n	Mastercard, Inc (Class A)		115,918,386
	138,759	*,e	Medallia, Inc		3,915,779
	1,996,256		Microsoft Corp		339,822,659
	97,636	*	Nutanix, Inc		3,170,241
	291,449	*	PayPal Holdings, Inc		33,193,127
	117,722	*,n	Proofpoint, Inc		14,457,439
	441,453	*	salesforce.com, Inc		80,481,296
	68,167	*,n	ServiceNow, Inc		23,056,124
	611,024	*,e	Slack Technologies, Inc		12,666,528
	133,510	*	Synopsys, Inc		19,694,060
	472,268	*,n	Teradata Corp		11,495,003
	11,972	*,n	Zscaler, Inc		671,509
			TOTAL SOFTWARE & SERVICES		786,919,509
TECHNOLOGY HARDWARE & EQUIPMENT - 8.2%
	1,122,740	n	Apple, Inc		347,499,257
	1,057,856		Cisco Systems, Inc		48,629,640
	948,702	*	CommScope Holding Co, Inc		11,559,934
	396,259	*	Dell Technologies, Inc		19,325,551
	362,581	*,n	Keysight Technologies, Inc		33,716,407
	206,734	n	Motorola Solutions, Inc		36,591,918
	866,757	*	Pure Storage, Inc		15,428,275
	476,069		Western Digital Corp		31,182,520
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		543,933,502

5

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY					VALUE
TELECOMMUNICATION SERVICES - 1.5%
	1,618,668		AT&T, Inc					$	60,894,290
	685,647		Verizon Communications, Inc						40,754,858
			TOTAL TELECOMMUNICATION SERVICES						101,649,148
TRANSPORTATION - 1.3%
	400,740		Delta Air Lines, Inc						22,337,248
	157,883		DSV AS						17,141,160
	190,812	*,n	Kirby Corp						13,984,611
	280,755		United Parcel Service, Inc (Class B)						29,063,758
			TOTAL TRANSPORTATION						82,526,777
UTILITIES - 2.9%
	596,361		Alliant Energy Corp						35,399,989
	1,272,798		Equitable Holdings, Inc						30,572,608
	848,581		FirstEnergy Corp						43,099,429
	224,086		NextEra Energy, Inc						60,099,865
	683,887		PPL Corp						24,749,871
			TOTAL UTILITIES						193,921,762
			TOTAL COMMON STOCKS						6,649,510,554
			(Cost $4,238,609,043)
PURCHASED OPTIONS - 0.0%
CAPITAL GOODS - 0.0%
	26,000		Carlisle Cos, Inc						33,800
			TOTAL CAPITAL GOODS						33,800
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	30,000		Biogen, Inc						21,000
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						21,000
			TOTAL PURCHASED OPTIONS						54,800
			(Cost $191,473)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.9%
TREASURY DEBT - 0.1%
$	8,887,000		United States Treasury Bill		1.470-1.476	%	02/04/20		8,886,660
			TOTAL TREASURY DEBT						8,886,660

6

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.8%
	51,315,298	c	State Street Navigator Securities Lending Government Money Market Portfolio	$	51,315,298
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		51,315,298
			TOTAL SHORT-TERM INVESTMENTS		60,201,958
			(Cost $60,201,209)
			TOTAL INVESTMENTS - 100.6%		6,709,767,312
			(Cost $4,299,001,725)
			OTHER ASSETS & LIABILITIES, NET - (0.6)%		(37,996,615	)
			NET ASSETS - 100.0%	$	6,671,770,697
			Abbreviation(s):
			ADR   American Depositary Receipt
		*	Non-income producing
		c	Investments made with cash collateral received from securities on loan.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $72,840,850.
		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 1/31/2020, the aggregate value of these securities is $22,031,810 or 0.3% of net assets.
		n	All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts.

Purchased options outstanding as of January 31, 2020 were as follows:

Description/underlying investment	Number of contracts	Notional amount		Exercise price		Expiration date	Value
Biogen, Inc, Call	300	$	155,064	$	310 .00	02/07/20	$	21,000
Carlisle Cos, Inc, Put	260		36,410		145 .00	02/21/20		33,800
Total	560	$	191,474				$	54,800

7

TIAA-CREF FUNDS - Growth & Income Fund

Written options outstanding as of January 31, 2020 were as follows:

Description/underlying investment	Number of contracts	Notional amount			Exercise price		Expiration date	Value
AbbVie, Inc, Put	500	$	(52,479	)	$	72 .50	05/15/20	$	(87,500	)
Acuity Brands, Inc, Put	375		(38,610	)		105 .00	03/20/20		(37,500	)
Advanced Micro Devices, Inc, Put	724		(33,999	)		43 .00	02/21/20		(49,232	)
Alliance Data Systems Corp, Put	445		(48,487	)		90 .00	03/20/20		(44,500	)
Alphabet, Inc, Call	27		(52,324	)		1,540 .00	06/19/20		(126,090	)
Alphabet, Inc, Put	30		(67,437	)		1,260 .00	06/19/20		(79,200	)
Amazon.com, Inc, Call	130		(115,303	)		2,200 .00	04/17/20		(347,750	)
Amazon.com, Inc, Put	130		(113,613	)		1,360 .00	04/17/20		(21,320	)
American Tower Corp, Put	200		(24,592	)		205 .00	02/14/20		(6,200	)
Anthem, Inc, Call	160		(86,118	)		350 .00	06/19/20		(13,920	)
Anthem, Inc, Put	160		(43,290	)		220 .00	06/19/20		(79,200	)
Apple, Inc, Call	137		(224,396	)		350 .00	09/18/20		(162,345	)
Apple, Inc, Call	59		(201,420	)		320 .00	01/15/21		(172,575	)
Apple, Inc, Put	230		(27,165	)		275 .00	03/20/20		(77,050	)
Apple, Inc, Put	448		(82,229	)		255 .00	04/17/20		(107,072	)
Apple, Inc, Put	412		(361,249	)		270 .00	09/18/20		(466,796	)
Apple, Inc, Put	59		(61,533	)		265 .00	01/15/21		(81,125	)
Arista Networks, Inc, Put	160		(362,148	)		165 .00	01/15/21		(168,800	)
Aspen Technology, Inc, Put	372		(61,755	)		110 .00	03/20/20		(74,400	)
Biogen, Inc, Call	300		(54,797	)		340 .00	02/07/20		(26,400	)
Biogen, Inc, Put	300		(101,593	)		250 .00	02/07/20		(105,000	)
Biohaven Pharmaceutical Holding Co Ltd, Put	640		(318,689	)		45 .00	03/20/20		(489,600	)
Boeing Co, Call	127		(52,067	)		380 .00	03/20/20		(6,477	)
Boston Scientific Corp, Put	500		(25,965	)		39 .00	02/21/20		(16,000	)
Boston Scientific Corp, Put	500		(36,995	)		40 .00	02/21/20		(25,000	)
Carlisle Cos, Inc, Call	300		(17,688	)		170 .00	02/21/20		(19,500	)
Carlisle Cos, Inc, Put	300		(17,688	)		140 .00	02/21/20		(20,250	)
Casey’s General Stores, Inc, Put	275		(35,189	)		145 .00	02/21/20		(6,050	)
Children’s Place, Inc, Call	550		(48,928	)		75 .00	03/20/20		(63,250	)
Children’s Place, Inc, Put	550		(282,673	)		55 .00	03/20/20		(160,600	)
Children’s Place, Inc, Put	225		(161,538	)		55 .00	06/19/20		(128,250	)
Chipotle Mexican Grill, Inc, Call	44		(141,807	)		940 .00	06/19/20		(158,400	)
Chipotle Mexican Grill, Inc, Put	44		(40,169	)		680 .00	06/19/20		(40,920	)
CME Group, Inc, Call	200		(61,591	)		240 .00	06/19/20		(60,000	)
CME Group, Inc, Put	150		(22,194	)		175 .00	06/19/20		(25,875	)
Costco Wholesale Corp, Call	200		(267,187	)		340 .00	01/15/21		(219,000	)
Costco Wholesale Corp, Put	400		(307,186	)		260 .00	06/19/20		(102,800	)
Cree, Inc, Put	540		(118,312	)		40 .00	03/20/20		(33,480	)
Deckers Outdoor Corp, Put	300		(173,385	)		135 .00	06/19/20		(47,250	)
DexCom, Inc, Put	320		(222,383	)		150 .00	06/19/20		(52,800	)
Exact Sciences Corp, Put	300		(50,387	)		80 .00	02/21/20		(34,500	)
FedEx Corp, Put	314		(482,725	)		155 .00	01/15/21		(671,960	)
Five Below, Inc, Put	475		(9,690	)		107 .00	02/07/20		(23,750	)
Guidewire Software, Inc, Put	372		(31,233	)		95 .00	03/20/20		(29,760	)
Guidewire Software, Inc, Put	400		(75,583	)		90 .00	04/17/20		(29,000	)

8

TIAA-CREF FUNDS - Growth & Income Fund

Description/underlying investment	Number of contracts	Notional amount			Exercise price		Expiration date	Value
GW Pharmaceuticals plc, Call	225	$	(23,166	)	$	140 .00	02/21/20	$	(11,250	)
Hasbro, Inc, Put	215		(49,871	)		80 .00	04/17/20		(16,662	)
Hasbro, Inc, Put	210		(73,910	)		85 .00	04/17/20		(26,250	)
Hess Corp, Put	742		(66,920	)		52 .50	03/20/20		(120,946	)
Home Depot, Inc, Call	160		(45,439	)		260 .00	03/20/20		(5,760	)
Humana, Inc, Put	400		(65,183	)		300 .00	02/21/20		(88,000	)
Jazz Pharmaceuticals plc, Call	275		(26,969	)		185 .00	03/20/20		(4,812	)
Jazz Pharmaceuticals plc, Put	275		(51,512	)		125 .00	03/20/20		(33,687	)
Keysight Technologies, Inc, Put	484		(68,238	)		85 .00	03/20/20		(84,700	)
Kirby Corp, Put	450		(22,032	)		65 .00	03/20/20		(41,625	)
Lululemon Athletica, Inc, Call	112		(6,843	)		270 .00	02/21/20		(2,016	)
Lululemon Athletica, Inc, Call	113		(12,199	)		265 .00	03/06/20		(10,453	)
M&T Bank Corp, Put	320		(24,627	)		135 .00	04/17/20		(16,800	)
Mastercard, Inc, Call	120		(116,153	)		340 .00	06/19/20		(104,640	)
Mastercard, Inc, Put	120		(57,354	)		275 .00	06/19/20		(58,200	)
Mattel, Inc, Put	1,785		(44,555	)		12 .00	02/21/20		(26,775	)
Monolithic Power Systems, Inc, Put	225		(36,609	)		140 .00	03/20/20		(25,875	)
Motorola Solutions, Inc, Put	320		(102,385	)		130 .00	04/17/20		(14,080	)
Motorola Solutions, Inc, Put	480		(304,314	)		150 .00	07/17/20		(156,000	)
Nektar Therapeutics, Put	2,022		(534,426	)		18 .00	08/21/20		(490,335	)
Northrop Grumman Corp, Call	77		(13,703	)		445 .00	05/15/20		(7,508	)
Northrop Grumman Corp, Call	100		(79,922	)		430 .00	08/21/20		(59,500	)
PepsiCo, Inc, Put	320		(36,537	)		125 .00	03/20/20		(13,120	)
Proofpoint, Inc, Put	400		(30,784	)		100 .00	02/21/20		(8,000	)
PVH Corp, Put	140		(90,993	)		80 .00	06/19/20		(67,620	)
PVH Corp, Put	100		(84,761	)		85 .00	06/19/20		(70,000	)
QUALCOMM, Inc, Put	445		(93,876	)		70 .00	04/17/20		(36,045	)
RH, Put	200		(44,991	)		180 .00	02/14/20		(8,000	)
Roku, Inc, Put	320		(31,968	)		93 .00	02/14/20		(31,968	)
Roku, Inc, Put	320		(253,742	)		110 .00	04/17/20		(318,400	)
ServiceNow, Inc, Put	88		(73,646	)		220 .00	02/21/20		(2,464	)
Shake Shack, Inc, Put	700		(146,627	)		50 .00	03/20/20		(24,500	)
Skyworks Solutions, Inc, Call	285		(23,928	)		140 .00	01/31/20		(1,425	)
Strategic Education, Inc, Put	160		(294,432	)		135 .00	08/21/20		(112,800	)
Teradata Corp, Put	1,665		(493,488	)		25 .00	12/18/20		(657,675	)
Universal Display Corp, Call	160		(78,072	)		260 .00	03/20/20		(6,400	)
Universal Display Corp, Put	200		(104,790	)		145 .00	06/19/20		(165,000	)
Universal Health Services, Inc, Put	332		(137,100	)		120 .00	08/21/20		(129,480	)
VF Corp, Put	500		(87,479	)		70 .00	08/21/20		(87,500	)
World Wrestling Entertainment, Inc, Put	1,000		(100,619	)		40 .00	03/20/20		(100,619	)
World Wrestling Entertainment, Inc, Put	800		(110,367	)		45 .00	04/17/20		(205,600	)
Wynn Resorts Ltd, Put	225		(32,166	)		100 .00	03/20/20		(34,425	)
Wynn Resorts Ltd, Put	225		(48,590	)		105 .00	03/20/20		(49,500	)
Wynn Resorts Ltd, Put	900		(93,374	)		110 .00	03/20/20		(292,500	)
Xilinx, Inc, Put	320		(219,183	)		85 .00	06/19/20		(220,800	)
Zendesk, Inc, Put	520		(40,539	)		67 .50	04/17/20		(44,200	)
Zscaler, Inc, Put	600		(70,679	)		45 .00	03/20/20		(72,000	)
Zscaler, Inc, Put	600		(383,369	)		47 .50	05/15/20		(161,400	)
Total	34,139	$	(10,248,219	)				$	(9,125,762	)

9

TIAA-CREF FUNDS - Large-Cap Growth Fund

TIAA-CREF FUNDS

LARGE-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.0%
AUTOMOBILES & COMPONENTS - 3.3%
	342,636		Aptiv plc	$	29,052,106
	255,561	*	Tesla, Inc		166,260,320
			TOTAL AUTOMOBILES & COMPONENTS		195,312,426
CAPITAL GOODS - 4.3%
	296,571		Airbus SE		43,555,582
	97,238		Boeing Co		30,947,938
	251,797		L3Harris Technologies, Inc		55,730,230
	166,590		Northrop Grumman Corp		62,399,616
	81,865		Parker-Hannifin Corp		16,020,162
	80,620		Roper Technologies Inc		30,769,429
	24,341		TransDigm Group, Inc		15,658,079
			TOTAL CAPITAL GOODS		255,081,036
COMMERCIAL & PROFESSIONAL SERVICES - 0.3%
	227,366	*	IHS Markit Ltd		17,930,083
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		17,930,083
CONSUMER DURABLES & APPAREL - 2.9%
	1,507,532		Nike, Inc (Class B)		145,175,332
	345,298		VF Corp		28,649,375
			TOTAL CONSUMER DURABLES & APPAREL		173,824,707
CONSUMER SERVICES - 1.3%
	22,839	*	Chipotle Mexican Grill, Inc (Class A)		19,795,932
	262,457		McDonald’s Corp		56,157,924
			TOTAL CONSUMER SERVICES		75,953,856
DIVERSIFIED FINANCIALS - 2.4%
	33,285		BlackRock, Inc		17,552,845
	499,986		Charles Schwab Corp		22,774,362
	356,608		S&P Global, Inc		104,746,468
			TOTAL DIVERSIFIED FINANCIALS		145,073,675
FOOD & STAPLES RETAILING - 0.8%
	424,281		Walmart, Inc		48,575,932
			TOTAL FOOD & STAPLES RETAILING		48,575,932
HEALTH CARE EQUIPMENT & SERVICES - 3.5%
	843,780	*	Alcon, Inc		49,732,393
	675,574		Baxter International, Inc		60,274,713
	701,853	*	Boston Scientific Corp		29,386,585
	125,609	*	Intuitive Surgical, Inc		70,313,406
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		209,707,097

10

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
MATERIALS - 1.8%
	154,637		Linde plc	$	31,411,414
	136,311		Sherwin-Williams Co		75,923,864
			TOTAL MATERIALS		107,335,278
MEDIA & ENTERTAINMENT - 13.5%
	607,133		Activision Blizzard, Inc		35,505,138
	111,270	*	Alphabet, Inc (Class A)		159,425,431
	99,433	*	Alphabet, Inc (Class C)		142,609,791
	943,231	*	Facebook, Inc		190,447,771
	234,097	*	IAC/InterActiveCorp		57,023,688
	189,336	*,n	NetFlix, Inc		65,337,960
	1,211,203		Tencent Holdings Ltd		57,762,480
	704,564		Walt Disney Co		97,448,247
			TOTAL MEDIA & ENTERTAINMENT		805,560,506
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 13.8%
	1,428,922		AstraZeneca plc		139,787,932
	2,284,832	*	Avantor, Inc		42,200,847
	69,830	*	BioMarin Pharmaceutical, Inc		5,830,805
	1,454,080		Bristol-Myers Squibb Co		91,534,336
	206,504		Daiichi Sankyo Co Ltd		13,954,940
	192,104		Eisai Co Ltd		14,477,271
	1,221,879		GlaxoSmithKline plc (ADR)		57,183,937
	297,456	*	Illumina, Inc		86,283,062
	187,360	*	IQVIA Holdings, Inc		29,087,640
	31,860		Lonza Group AG.		13,084,576
	1,315,895		Merck & Co, Inc		112,430,069
	246,221		Novo Nordisk AS		14,987,879
	745,380		Pfizer, Inc		27,757,951
	114,663	*	Regeneron Pharmaceuticals, Inc		38,749,214
	385,465	*	Vertex Pharmaceuticals, Inc		87,519,828
	2,210,504	*,g	Wuxi Biologics Cayman, Inc		27,958,166
	172,791		Zoetis, Inc		23,190,280
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		826,018,733
RETAILING - 8.3%
	173,630	*	Amazon.com, Inc		348,774,053
	20,563	*	Booking Holdings, Inc		37,641,600
	110,512		Kering		67,525,103
	380,476		Lowe’s Companies, Inc		44,226,530
			TOTAL RETAILING		498,167,286
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 7.5%
	358,146	*	Advanced Micro Devices, Inc		16,832,862
	960,216		Applied Materials, Inc		55,682,926
	190,567		Broadcom, Inc		58,153,426
	122,437	n	Lam Research Corp		36,511,938
	1,352,436		Marvell Technology Group Ltd		32,512,561
	383,286		NVIDIA Corp		90,620,309
	436,726		NXP Semiconductors NV		55,403,060

11

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY					VALUE
	858,180		Texas Instruments, Inc					$	103,539,417
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						449,256,499
SOFTWARE & SERVICES - 28.1%
	561,508	*	Adobe, Inc						197,167,919
	77,186	*,g	Adyen NV						70,926,747
	510,759	*	Akamai Technologies, Inc						47,679,353
	65,146	*	Atlassian Corp plc						9,576,462
	238,792		Automatic Data Processing, Inc						40,926,561
	292,890		Fidelity National Information Services, Inc						42,076,577
	382,056		Intuit, Inc						107,120,861
	692,268		Mastercard, Inc (Class A)						218,715,152
	2,499,968		Microsoft Corp						425,569,553
	718,572	*	PayPal Holdings, Inc						81,838,165
	1,147,758	*	salesforce.com, Inc						209,247,761
	116,945	*	ServiceNow, Inc						39,554,307
	156,189	*	Splunk, Inc						24,249,904
	75		TiVo Corp						546
	71,865	*	Trade Desk, Inc						19,344,621
	687,880		Visa, Inc (Class A)						136,867,484
	71,304	*	Wix.com Ltd						10,174,368
			TOTAL SOFTWARE & SERVICES						1,681,036,341
TECHNOLOGY HARDWARE & EQUIPMENT - 5.9%
	916,519	n	Apple, Inc						283,671,796
	484,274	*	Keysight Technologies, Inc						45,032,639
	154,506		Motorola Solutions, Inc						27,347,562
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						356,051,997
TRANSPORTATION - 1.3%
	287,760		Kansas City Southern						48,542,234
	821,573	*,n	Uber Technologies, Inc						29,814,884
			TOTAL TRANSPORTATION						78,357,118
			TOTAL COMMON STOCKS						5,923,242,570
			(Cost $3,600,478,835)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.8%
GOVERNMENT AGENCY DEBT - 0.8%
$	29,150,000		Federal Home Loan Bank (FHLB)		1.500	%	02/03/20		29,150,000
	22,003,000		FHLB		1.510		02/06/20		22,000,158
			TOTAL GOVERNMENT AGENCY DEBT						51,150,158
			TOTAL SHORT-TERM INVESTMENTS						51,150,158
			(Cost $51,145,956)

12

TIAA-CREF FUNDS - Large-Cap Growth Fund

		VALUE
	TOTAL INVESTMENTS - 99.8%	$	5,974,392,728
	(Cost $3,651,624,791)
	OTHER ASSETS & LIABILITIES, NET - 0.2%		9,464,208
	NET ASSETS - 100.0%	$	5,983,856,936
	Abbreviation(s):
	ADR    American Depositary Receipt
*	Non-income producing
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 1/31/2020, the aggregate value of these securities is $98,884,913 or 1.7% of net assets.
n	All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts.

Written options outstanding as of January 31, 2020 were as follows:
Description/underlying investment	Number of contracts	Notional amount			Exercise price		Expiration date		Value
Lam Research Corp, Put	98	$	(16,558	)	$	280 .00	02/21/20	$	(32,536	)
NetFlix, Inc, Put	93		(11,993	)		295 .00	02/21/20		(7,440	)
Uber Technologies, Inc, Put	803		(38,512	)		33 .00	02/21/20		(56,210	)
Total	994	$	(67,063	)				$	(96,186	)

13

TIAA-CREF FUNDS - Large-Cap Value Fund

TIAA-CREF FUNDS
LARGE-CAP VALUE FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.7%
BANKS - 15.8%
	6,450,000		Bank of America Corp	$	211,753,500
	2,435,000		Citigroup, Inc		181,188,350
	2,020,000		JPMorgan Chase & Co		267,367,200
	366,139		PNC Financial Services Group, Inc		54,389,948
	1,100,000		US Bancorp		58,542,000
	1,979,073		Wells Fargo & Co		92,897,687
			TOTAL BANKS		866,138,685
CAPITAL GOODS - 10.2%
	255,000		Allegion plc		32,976,600
	115,000		Caterpillar, Inc		15,105,250
	455,186		Deere & Co		72,183,396
	474,977		Dover Corp		54,076,132
	465,082		Eaton Corp		43,936,296
	2,425,000		General Electric Co		30,191,250
	564,035		Honeywell International, Inc		97,702,143
	534,349		Ingersoll-Rand plc		71,191,317
	1,286,397		Masco Corp		61,129,585
	296,860		Parker-Hannifin Corp		58,092,533
	138,535		Stanley Black & Decker, Inc		22,072,782
			TOTAL CAPITAL GOODS		558,657,284
CONSUMER DURABLES & APPAREL - 1.1%
	15,835	*	NVR, Inc		60,441,720
			TOTAL CONSUMER DURABLES & APPAREL		60,441,720
CONSUMER SERVICES - 0.4%
	98,953		McDonald’s Corp		21,172,973
			TOTAL CONSUMER SERVICES		21,172,973
DIVERSIFIED FINANCIALS - 3.1%
	530,000		American Express Co		68,831,100
	415,605		Goldman Sachs Group, Inc		98,810,089
			TOTAL DIVERSIFIED FINANCIALS		167,641,189
ENERGY - 6.4%
	1,157,757		Chevron Corp		124,042,085
	925,000		ConocoPhillips		54,972,750
	565,000		Diamondback Energy, Inc		42,036,000
	761,943		EOG Resources, Inc		55,553,264
	220,000		Exxon Mobil Corp		13,666,400
	740,000		Valero Energy Corp		62,389,400
			TOTAL ENERGY		352,659,899

14

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
FOOD & STAPLES RETAILING - 1.5%
	717,414		Walmart, Inc	$	82,136,729
			TOTAL FOOD & STAPLES RETAILING		82,136,729
FOOD, BEVERAGE & TOBACCO - 2.6%
	1,088,490		Mondelez International, Inc		62,457,556
	989,536		Philip Morris International, Inc		81,834,627
			TOTAL FOOD, BEVERAGE & TOBACCO		144,292,183
HEALTH CARE EQUIPMENT & SERVICES - 6.9%
	212,756		Anthem, Inc		56,439,912
	306,766		Cigna Corp		59,015,643
	841,106		CVS Health Corp		57,043,809
	286,975		HCA Healthcare, Inc		39,832,130
	440,000		Medtronic plc		50,793,600
	148,438		UnitedHealth Group, Inc		40,441,933
	514,559		Zimmer Biomet Holdings, Inc		76,103,276
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		379,670,303
HOUSEHOLD & PERSONAL PRODUCTS - 2.4%
	1,073,647		Procter & Gamble Co		133,797,889
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		133,797,889
INSURANCE - 7.7%
	1,637,683		American International Group, Inc		82,309,948
	551,493	*	Berkshire Hathaway, Inc (Class B)		123,771,574
	539,297		Chubb Ltd		81,967,751
	865,844		Lincoln National Corp		47,171,181
	371,084		Marsh & McLennan Cos, Inc		41,509,456
	479,925		Prudential Financial, Inc		43,701,971
			TOTAL INSURANCE		420,431,881
MATERIALS - 3.4%
	494,768		Ball Corp		35,712,354
	865,844		Corteva, Inc		25,040,209
	781,733	*	Crown Holdings, Inc		57,871,694
	250,000		DuPont de Nemours, Inc		12,795,000
	450,000		PPG Industries, Inc		53,928,000
			TOTAL MATERIALS		185,347,257
MEDIA & ENTERTAINMENT - 4.5%
	2,650,000		Comcast Corp (Class A)		114,453,500
	945,007		Walt Disney Co		130,703,918
			TOTAL MEDIA & ENTERTAINMENT		245,157,418
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.9%
	180,000		Amgen, Inc		38,889,000
	890,582		Bristol-Myers Squibb Co		56,062,137
	430,000		Gilead Sciences, Inc		27,176,000
	40,000	*	Jazz Pharmaceuticals plc		5,734,000
	1,200,000		Johnson & Johnson		178,644,000
	692,675		Merck & Co, Inc		59,182,152

15

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
	3,290,209		Pfizer, Inc	$	122,527,383
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		488,214,672
REAL ESTATE - 2.1%
	163,284		AvalonBay Communities, Inc		35,382,010
	227,602		Boston Properties, Inc		32,626,747
	504,663		Prologis, Inc		46,873,099
			TOTAL REAL ESTATE		114,881,856
RETAILING - 1.8%
	440,343		Home Depot, Inc		100,442,238
			TOTAL RETAILING		100,442,238
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.5%
	331,502		Analog Devices, Inc		36,382,344
	1,078,594		Applied Materials, Inc		62,547,666
	1,720,000		Intel Corp		109,959,600
	915,321	*	Micron Technology, Inc		48,594,392
	361,180		NXP Semiconductors NV		45,819,295
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		303,303,297
SOFTWARE & SERVICES - 3.2%
	331,502		Accenture plc		68,027,525
	494,768		Microsoft Corp		84,224,357
	425,500		Oracle Corp		22,317,475
			TOTAL SOFTWARE & SERVICES		174,569,357
TECHNOLOGY HARDWARE & EQUIPMENT - 2.0%
	989,536		Cisco Systems, Inc		45,488,970
	705,000		TE Connectivity Ltd		64,986,900
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		110,475,870
TELECOMMUNICATION SERVICES - 3.7%
	1,746,532		AT&T, Inc		65,704,534
	2,300,672		Verizon Communications, Inc		136,751,944
			TOTAL TELECOMMUNICATION SERVICES		202,456,478
TRANSPORTATION - 1.8%
	321,599		CSX Corp		24,550,868
	420,553		Union Pacific Corp		75,455,619
			TOTAL TRANSPORTATION		100,006,487
UTILITIES - 4.7%
	534,349		American Electric Power Co, Inc		55,689,853
	365,000		Entergy Corp		48,004,800
	1,300,000		FirstEnergy Corp		66,027,000
	200,000		NextEra Energy, Inc		53,640,000
	202,862		Sempra Energy		32,587,752
			TOTAL UTILITIES		255,949,405
			TOTAL COMMON STOCKS		5,467,845,070
			(Cost $4,346,503,957)

16

TIAA-CREF FUNDS - Large-Cap Value Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 0.4%
GOVERNMENT AGENCY DEBT - 0.4%
$	25,090,000	Federal Home Loan Bank (FHLB)		1.500	%	02/03/20	$	25,090,000
		TOTAL GOVERNMENT AGENCY DEBT						25,090,000
		TOTAL SHORT-TERM INVESTMENTS						25,090,000
		(Cost $25,087,909)
		TOTAL INVESTMENTS - 100.1%						5,492,935,070
		(Cost $4,371,591,866)
		OTHER ASSETS & LIABILITIES, NET - (0.1)%						(7,292,048	)
		NET ASSETS - 100.0%					$	5,485,643,022

* Non-income producing

17

TIAA-CREF FUNDS - Mid-Cap Growth Fund

TIAA-CREF FUNDS
MID-CAP GROWTH FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 97.4%
AUTOMOBILES & COMPONENTS - 0.7%
	122,512		Aptiv plc	$	10,387,792
			TOTAL AUTOMOBILES & COMPONENTS		10,387,792
BANKS - 0.5%
	64,649		First Republic Bank		7,168,281
			TOTAL BANKS		7,168,281
CAPITAL GOODS - 9.8%
	206,898		Ametek, Inc		20,100,141
	156,912		Ingersoll-Rand plc		20,905,386
	151,757		ITT, Inc		10,179,859
	110,925		L3Harris Technologies, Inc		24,551,030
	106,869		Owens Corning, Inc		6,464,506
	58,328		Rockwell Automation, Inc		11,179,145
	20,000	*	Teledyne Technologies, Inc		7,301,200
	39,079		TransDigm Group, Inc		25,138,739
	40,000		W.W. Grainger, Inc		12,106,800
			TOTAL CAPITAL GOODS		137,926,806
COMMERCIAL & PROFESSIONAL SERVICES - 7.6%
	60,000	*	Cimpress plc		7,177,800
	72,500		Cintas Corp		20,225,325
	380,000	*	Clarivate Analytics plc		7,660,800
	26,731	*,n	CoStar Group, Inc		17,455,075
	163,737		Experian Group Ltd		5,699,352
	200,000	*	IHS Markit Ltd		15,772,000
	80,000		Verisk Analytics, Inc		12,997,600
	200,000		Waste Connections, Inc		19,262,000
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		106,249,952
CONSUMER DURABLES & APPAREL - 2.5%
	172,316		DR Horton, Inc		10,201,107
	84,973	*,n	Lululemon Athletica, Inc		20,341,686
	1,250,000		Prada S.p.A		4,820,321
			TOTAL CONSUMER DURABLES & APPAREL		35,363,114
CONSUMER SERVICES - 2.6%
	21,309	*	Chipotle Mexican Grill, Inc (Class A)		18,469,789
	130,000	*	Planet Fitness, Inc		10,502,700
	63,743		Wynn Resorts Ltd		8,041,817
			TOTAL CONSUMER SERVICES		37,014,306
DIVERSIFIED FINANCIALS - 4.0%
	228,380	n	iShares Russell Midcap Growth Index Fund		35,159,101

18

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
	133,558		State Street Corp	$	10,100,991
	183,701		Voya Financial, Inc		10,972,461
			TOTAL DIVERSIFIED FINANCIALS		56,232,553
ENERGY - 0.7%
	54,928		Diamondback Energy, Inc		4,086,643
	333,960		Parsley Energy, Inc		5,557,095
			TOTAL ENERGY		9,643,738
FOOD, BEVERAGE & TOBACCO - 1.5%
	750,000		Davide Campari-Milano S.p.A		7,249,483
	250,000		Keurig Dr Pepper, Inc		7,132,500
	107,000	*	Monster Beverage Corp		7,126,200
			TOTAL FOOD, BEVERAGE & TOBACCO		21,508,183
HEALTH CARE EQUIPMENT & SERVICES - 8.3%
	90,000	*	Align Technology, Inc		23,139,000
	300,000	*	Centene Corp		18,843,000
	53,300		Cerner Corp		3,828,539
	100,000	*	DexCom, Inc		24,075,000
	85,000	*	Guardant Health, Inc		6,463,400
	65,000	*	Insulet Corp		12,612,600
	60,000	*	Molina Healthcare, Inc		7,378,200
	53,370		Teleflex, Inc		19,827,489
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		116,167,228
HOUSEHOLD & PERSONAL PRODUCTS - 0.8%
	145,818		Church & Dwight Co, Inc		10,822,612
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		10,822,612
MATERIALS - 2.0%
	300,000		Ball Corp		21,654,000
	300,000	*	Summit Materials, Inc		6,591,000
			TOTAL MATERIALS		28,245,000
MEDIA & ENTERTAINMENT - 3.8%
	42,400	*	GCI Liberty, Inc		3,102,832
	72,462	*	IAC/InterActiveCorp		17,651,019
	70,375	*	Liberty Media Group (Class C)		3,292,846
	361,000	*	Reynolds Consumer Products Inc		10,306,550
	600,000	*	Twitter, Inc		19,488,000
			TOTAL MEDIA & ENTERTAINMENT		53,841,247
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 5.2%
	571,428	*	Avantor, Inc		10,554,275
	165,000	*	BioMarin Pharmaceutical, Inc		13,777,500
	276,860	*	Coherus Biosciences, Inc		4,994,554
	200,000	*	Elanco Animal Health, Inc		6,180,000
	172,756	*	Exact Sciences Corp		16,114,680
	191,500	*	Horizon Therapeutics Plc		6,604,835
	15,100	*	IQVIA Holdings, Inc		2,344,275
	83,428	*	Jazz Pharmaceuticals plc		11,959,404
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		72,529,523

19

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
REAL ESTATE - 3.7%
	271,945		Americold Realty Trust	$	9,373,944
	252,880	*	CBRE Group, Inc		15,438,324
	110,000		SBA Communications Corp		27,451,600
			TOTAL REAL ESTATE		52,263,868
RETAILING - 8.6%
	16,241	*	AutoZone, Inc		17,182,328
	60,040	*	Burlington Stores, Inc		13,056,899
	102,200	*	CarMax, Inc		9,917,488
	166,623		Dollar General Corp		25,561,634
	50,000		Expedia Group Inc		5,422,500
	117,247	*	Five Below, Inc		13,274,705
	479,640	*	Groupon, Inc		1,381,363
	100,000	*	GrubHub, Inc		5,415,000
	55,918	*	O’Reilly Automotive, Inc		22,708,300
	76,169		Tractor Supply Co		7,079,909
			TOTAL RETAILING		121,000,126
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 8.1%
	653,443	*,n	Advanced Micro Devices, Inc		30,711,821
	154,200	*	Cree, Inc		7,168,758
	40,707		Entegris, Inc		2,106,994
	60,679		KLA Corp		10,056,938
	95,000		Lam Research Corp		28,329,950
	280,000		Marvell Technology Group Ltd		6,731,200
	40,000		Monolithic Power Systems, Inc		6,846,800
	100,000		NXP Semiconductors NV		12,686,000
	110,000		Xilinx, Inc		9,292,800
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		113,931,261
SOFTWARE & SERVICES - 20.9%
	10,000	*,g	Adyen NV		9,189,069
	179,441	*,n	Anaplan, Inc		10,334,007
	69,771	*	Aspen Technology, Inc		8,301,354
	81,023	*	Datadog, Inc		3,744,073
	70,319	*	EPAM Systems, Inc		16,042,577
	45,000	*	Euronet Worldwide, Inc		7,093,800
	28,091	*	Everbridge, Inc		2,546,168
	265,913	*	Fiserv, Inc		31,539,941
	37,000	*	FleetCor Technologies, Inc		11,663,510
	221,261	*,e	GDS Holdings Ltd (ADR)		11,441,406
	134,796		Global Payments, Inc		26,345,878
	100,000	*	Guidewire Software, Inc		11,250,000
	45,462	*	HubSpot, Inc		8,225,894
	99,700	*	LiveRamp Holdings, Inc		4,011,928
	270,000	*,e	Medallia, Inc		7,619,400
	83,150	*	Okta, Inc		10,647,358
	81,603	*	Proofpoint, Inc		10,021,664
	92,030	*	RingCentral, Inc		18,919,528
	491	*	Smartsheet, Inc		23,804

20

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY					VALUE
	110,000	*	Splunk, Inc					$	17,078,600
	155,000	*	Synopsys, Inc						22,864,050
	16,934	*	Trade Desk, Inc						4,558,294
	102,144	*	Twilio, Inc						12,700,585
	70,000	*	Wix.com Ltd						9,988,300
	140,555	*	Zendesk, Inc						12,143,952
	96,304	*	Zscaler, Inc						5,401,691
			TOTAL SOFTWARE & SERVICES						293,696,831
TECHNOLOGY HARDWARE & EQUIPMENT - 5.1%
	240,000		Amphenol Corp (Class A)						23,872,800
	25,000	*	Arista Networks, Inc						5,583,500
	70,347		CDW Corp						9,176,766
	90,000	*	Keysight Technologies, Inc						8,369,100
	17,239	*	Lumentum Holdings, Inc						1,306,199
	130,000		Motorola Solutions, Inc						23,010,000
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						71,318,365
TRANSPORTATION - 1.0%
	150,000	*	Lyft, Inc (Class A)						7,122,000
	175,000	*	Spirit Airlines, Inc						7,187,250
			TOTAL TRANSPORTATION						14,309,250
			TOTAL COMMON STOCKS						1,369,620,036
			(Cost $1,073,731,993)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 2.6%
GOVERNMENT AGENCY DEBT - 2.3%
$	21,740,000		Federal Home Loan Bank (FHLB)		1.500	%	02/03/20		21,740,000
	9,271,000		FHLB		1.510		02/06/20		9,269,803
			TOTAL GOVERNMENT AGENCY DEBT						31,009,803
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3%
	4,791,611	c	State Street Navigator Securities Lending Government Money Market Portfolio						4,791,611
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						4,791,611
			TOTAL SHORT-TERM INVESTMENTS						35,801,414
			(Cost $35,798,855)
			TOTAL INVESTMENTS - 100.0%						1,405,421,450
			(Cost $1,109,530,848)
			OTHER ASSETS & LIABILITIES, NET - 0.0%						230,018
			NET ASSETS - 100.0%					$	1,405,651,468

21

TIAA-CREF FUNDS - Mid-Cap Growth Fund

	Abbreviation(s):
	ADR    American Depositary Receipt
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $4,561,647.
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 1/31/2020, the aggregate value of these securities is $9,189,069 or 0.7% of net assets.
n	All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts.

Written options outstanding as of January 31, 2020 were as follows:

Description/underlying investment	Number of contracts	Notional amount			Exercise price		Expiration date	Value
Advanced Micro Devices, Inc, Call	1,700	$	(902,751	)	$	41.00	07/17/20	$	(1,725,500	)
Anaplan, Inc, Call	1,790		(538,137	)		62.50	03/20/20		(483,300	)
Lululemon Athletica, Inc, Call	500		(436,447	)		270.00	06/19/20		(463,500	)
Lululemon Athletica, Inc, Put	500		(67,819	)		200.00	03/20/20		(35,000	)
Total	4,490	$	(1,945,154	)				$	(2,707,300	)

22

TIAA-CREF FUNDS - Mid-Cap Value Fund

TIAA-CREF FUNDS
MID-CAP VALUE FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 96.6%
BANKS - 7.6%
	520,248		CIT Group, Inc	$	23,780,536
	739,401		Citizens Financial Group, Inc		27,564,869
	822,302		East West Bancorp, Inc		37,694,324
	126,283	*	SVB Financial Group		30,349,594
	803,559		Synovus Financial Corp		28,140,636
	722,137		TCF Financial Corp		30,531,952
	553,145		Western Alliance Bancorp		30,550,198
			TOTAL BANKS		208,612,109
CAPITAL GOODS - 7.9%
	394,598		CNH Industrial NV		3,717,113
	340,734		Crane Co		29,119,128
	183,501		Cummins, Inc		29,354,655
	226,678		Ingersoll-Rand plc		30,200,310
	199,989		L3Harris Technologies, Inc		44,263,565
	93,400	*	Mastec, Inc		5,393,850
	259,918		Stanley Black & Decker, Inc		41,412,735
	627,524		Terex Corp		15,907,733
	126,324		Triumph Group, Inc		2,580,799
	942,450	*	Welbilt, Inc		14,221,571
			TOTAL CAPITAL GOODS		216,171,459
CONSUMER DURABLES & APPAREL - 3.8%
	551,937	*	Capri Holdings Ltd		16,536,032
	305,784		Lennar Corp (Class A)		20,291,826
	150,948	*	Meritage Homes Corp		10,711,270
	182,292	*	Mohawk Industries, Inc		24,004,211
	1,629,036		Newell Brands Inc		31,815,073
			TOTAL CONSUMER DURABLES & APPAREL		103,358,412
CONSUMER SERVICES - 4.4%
	220,797		International Game Technology plc		2,978,551
	973,489	*	Penn National Gaming, Inc		29,039,177
	311,770		Red Rock Resorts, Inc		7,641,483
	139,791		Royal Caribbean Cruises Ltd		16,366,730
	443,317		Wyndham Destinations, Inc		21,514,174
	399,069		Wyndham Hotels & Resorts, Inc		22,814,775
	163,633		Wynn Resorts Ltd		20,643,939
			TOTAL CONSUMER SERVICES		120,998,829
DIVERSIFIED FINANCIALS - 6.8%
	1,819,488		AGNC Investment Corp		33,824,282
	228,610		Ameriprise Financial, Inc		37,814,380
	380,932		Discover Financial Services		28,619,421

23

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	771,742		Starwood Property Trust, Inc	$	19,802,900
	1,093,930		Synchrony Financial		35,454,271
	541,396		Voya Financial, Inc		32,337,583
			TOTAL DIVERSIFIED FINANCIALS		187,852,837
ENERGY - 5.3%
	438,761		Concho Resources, Inc		33,249,309
	1,235,405		Marathon Oil Corp		14,046,555
	924,349	*	Matador Resources Co		13,560,200
	1,703,804		Parsley Energy, Inc		28,351,298
	202,963		Pioneer Natural Resources Co		27,400,005
	2,515,710	*	WPX Energy, Inc		30,062,734
			TOTAL ENERGY		146,670,101
FOOD, BEVERAGE & TOBACCO - 4.0%
	2,306	*	Hain Celestial Group, Inc		55,828
	288,498		Kellogg Co		19,678,449
	1,004,823		Keurig Dr Pepper, Inc		28,667,600
	419,899	*	Monster Beverage Corp		27,965,273
	413,136		Tyson Foods, Inc (Class A)		34,137,428
			TOTAL FOOD, BEVERAGE & TOBACCO		110,504,578
HEALTH CARE EQUIPMENT & SERVICES - 5.6%
	668,492	*	Centene Corp		41,987,982
	298,251	*	Hologic, Inc		15,962,394
	204,758		McKesson Corp		29,200,538
	145,300	*	Molina Healthcare, Inc		17,867,541
	320,453		Zimmer Biomet Holdings, Inc		47,394,999
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		152,413,454
HOUSEHOLD & PERSONAL PRODUCTS - 1.3%
	202,773		Colgate-Palmolive Co		14,960,592
	478,078	e	Energizer Holdings, Inc		22,115,888
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		37,076,480
INSURANCE - 4.7%
	297,669		Argo Group International Holdings Ltd		19,527,086
	984,397	*	BRP Group, Inc		14,844,707
	695,377		Hartford Financial Services Group, Inc		41,221,949
	247,703		Willis Towers Watson plc		52,337,167
			TOTAL INSURANCE		127,930,909
MATERIALS - 7.1%
	600,170	*	Axalta Coating Systems Ltd		17,290,898
	808,288	*	Berry Global Group, Inc		34,368,406
	902,582		CF Industries Holdings, Inc		36,356,003
	1,765,411		Freeport-McMoRan, Inc (Class B)		19,596,062
	335,053	e	International Flavors & Fragrances, Inc		43,928,799
	802,271		Mosaic Co		15,917,056
	442,052		Newmont Goldcorp Corp		19,918,863
	711,430		Tronox Holdings plc		6,018,698
			TOTAL MATERIALS		193,394,785

24

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
MEDIA & ENTERTAINMENT - 1.3%
	1,974,400	*	Conyers Park II Acquisition Corp	$	21,905,968
	35,168	*	IAC/InterActiveCorp		8,566,573
	119,065		ViacomCBS, Inc (Class B)		4,063,689
			TOTAL MEDIA & ENTERTAINMENT		34,536,230
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 3.0%
	123,501	*	Jazz Pharmaceuticals plc		17,703,868
	1,081,639	*	Mylan NV		23,168,708
	413,531	*	Prestige Consumer Healthcare, Inc.		16,772,817
	261,212	*	United Therapeutics Corp		25,512,576
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		83,157,969
REAL ESTATE - 11.4%
	83,349		American Assets Trust, Inc		3,797,380
	148,523		AvalonBay Communities, Inc		32,183,449
	201,254		Camden Property Trust		22,626,987
	133,452		Essex Property Trust, Inc		41,338,092
	551,066		Gaming and Leisure Properties, Inc		26,040,624
	48,771		Kennedy-Wilson Holdings, Inc		1,051,503
	648,551		MGM Growth Properties LLC		20,714,719
	39,329		Monmouth Real Estate Investment Corp (Class A)		575,383
	482,705		QTS Realty Trust, Inc		27,456,260
	613,658		Rexford Industrial Realty, Inc		29,572,179
	363,917		SL Green Realty Corp		33,494,921
	355,839		STAG Industrial, Inc		11,472,249
	139,585		Sun Communities, Inc		22,636,500
	469,791		Welltower, Inc		39,889,954
			TOTAL REAL ESTATE		312,850,200
RETAILING - 0.7%
	583,968	*	LKQ Corp		19,086,994
			TOTAL RETAILING		19,086,994
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.5%
	411,146	*	Cree, Inc		19,114,178
	251,805	*	First Solar, Inc		12,484,492
	215,864		NXP Semiconductors NV		27,384,507
	401,634	*	Tower Semiconductor Ltd		8,908,242
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		67,891,419
SOFTWARE & SERVICES - 1.4%
	547,037		DXC Technology Co		17,439,539
	47,387	*	HubSpot, Inc		8,574,204
	66,427	*	Proofpoint, Inc		8,157,900
	220,731	*	Verra Mobility Corp		3,516,245
			TOTAL SOFTWARE & SERVICES		37,687,888
TECHNOLOGY HARDWARE & EQUIPMENT - 4.1%
	266,930	*	Ciena Corp		10,856,043
	640,957	*	CommScope Holding Co, Inc		7,810,061
	259,168	*	Lumentum Holdings, Inc		19,637,160

25

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY					VALUE
	194,371		Motorola Solutions, Inc					$	34,403,667
	615,423		Western Digital Corp						40,310,206
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						113,017,137
TRANSPORTATION - 2.2%
	236,549		Kansas City Southern						39,903,451
	495,242	*	Spirit Airlines, Inc						20,339,589
			TOTAL TRANSPORTATION						60,243,040
UTILITIES - 11.5%
	526,030		Alliant Energy Corp						31,225,141
	254,233		Atmos Energy Corp						29,752,888
	283,068		Entergy Corp						37,229,104
	1,355,462		Equitable Holdings, Inc						32,558,197
	445,831		Evergy, Inc						32,171,165
	943,120		FirstEnergy Corp						47,901,065
	817,949		PPL Corp						29,601,574
	298,875		Sempra Energy						48,011,280
	1,184,306		Vistra Energy Corp						26,670,571
			TOTAL UTILITIES						315,120,985
			TOTAL COMMON STOCKS						2,648,575,815
			(Cost $2,469,601,953)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 3.1%
GOVERNMENT AGENCY DEBT - 1.2%
$	31,644,000		Federal Home Loan Bank (FHLB)		1.510	%	02/06/20		31,639,913
			TOTAL GOVERNMENT AGENCY DEBT						31,639,913
TREASURY DEBT - 0.4%
	10,370,000		United States Treasury Bill		1.465		02/06/20		10,368,736
			TOTAL TREASURY DEBT						10,368,736
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.5%
	41,815,111	c	State Street Navigator Securities Lending Government Money Market Portfolio						41,815,111
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						41,815,111
			TOTAL SHORT-TERM INVESTMENTS						83,823,760
			(Cost $83,820,364)
			TOTAL INVESTMENTS - 99.7%						2,732,399,575
			(Cost $2,553,422,317)
			OTHER ASSETS & LIABILITIES, NET - 0.3%						9,130,093
			NET ASSETS - 100.0%					$	2,741,529,668

*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $41,588,984.

26

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

TIAA-CREF FUNDS

QUANT LARGE-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.7%
AUTOMOBILES & COMPONENTS - 0.3%
	15,322	*	Tesla, Inc	$	9,968,034
			TOTAL AUTOMOBILES & COMPONENTS		9,968,034
BANKS - 0.8%
	78,303		CIT Group, Inc		3,579,230
	41,871		Signature Bank		5,941,076
	25,543	*	SVB Financial Group		6,138,749
	132,238		Western Alliance Bancorp		7,303,505
			TOTAL BANKS		22,962,560
CAPITAL GOODS - 6.7%
	15,639		3M Co		2,481,284
	206,998		Allison Transmission Holdings, Inc		9,149,312
	71,556		Boeing Co		22,774,128
	23,698		BWX Technologies, Inc		1,506,956
	79,009		Carlisle Cos, Inc		12,343,576
	156,824		Fortune Brands Home & Security, Inc		10,775,377
	62,390		General Dynamics Corp		10,945,702
	29,175		HEICO Corp (Class A)		2,805,176
	32,183		Hexcel Corp		2,388,622
	99,110		Honeywell International, Inc		17,167,834
	50,277		Hubbell, Inc		7,201,175
	13,223		Huntington Ingalls		3,451,203
	29,827		Illinois Tool Works, Inc		5,219,128
	6,273		L3Harris Technologies, Inc		1,388,403
	76,680		Lockheed Martin Corp		32,828,241
	62,075		Northrop Grumman Corp		23,251,433
	33,276		Raytheon Co		7,351,999
	140,101		Spirit Aerosystems Holdings, Inc (Class A)		9,151,397
	17,916		TransDigm Group, Inc		11,525,005
	60,190	*	United Rentals, Inc		8,167,181
	4,543		W.W. Grainger, Inc		1,375,030
			TOTAL CAPITAL GOODS		203,248,162
COMMERCIAL & PROFESSIONAL SERVICES - 1.6%
	46,432		Cintas Corp		12,953,135
	66,920	*	Copart, Inc		6,789,703
	80,319		Republic Services, Inc		7,634,321
	71,395		TransUnion		6,546,922
	104,897		Waste Management, Inc		12,765,965
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		46,690,046
CONSUMER DURABLES & APPAREL - 1.0%
	127,454		Nike, Inc (Class B)		12,273,820

27

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

SHARES			COMPANY	VALUE
	76,297		Polaris Inc	$	7,007,117
	198,408	*	Skechers U.S.A., Inc (Class A)		7,418,475
	31,573	*	Tempur Sealy International, Inc		2,892,718
			TOTAL CONSUMER DURABLES & APPAREL		29,592,130
CONSUMER SERVICES - 1.7%
	87,592		Darden Restaurants, Inc		10,198,336
	48,334		Dunkin Brands Group, Inc		3,774,402
	103,099		H&R Block, Inc		2,391,897
	280,307		Starbucks Corp		23,778,443
	23,684		Vail Resorts, Inc		5,554,135
	123,444		Yum China Holdings, Inc		5,316,733
			TOTAL CONSUMER SERVICES		51,013,946
DIVERSIFIED FINANCIALS - 3.5%
	29,209		American Express Co		3,793,373
	32,625		Ameriprise Financial, Inc		5,396,501
	66,137		CBOE Global Markets, Inc		8,149,401
	14,503		Charles Schwab Corp		660,612
	12,374	*	Credit Acceptance Corp		5,308,199
	140,075		Discover Financial Services		10,523,835
	93,483		IntercontinentalExchange Group, Inc		9,323,994
	75,500		iShares Russell 1000 Growth Index Fund		13,582,450
	106,391		LPL Financial Holdings, Inc		9,801,803
	8,815		Moody’s Corp		2,263,604
	56,684		MSCI, Inc (Class A)		16,200,287
	28,322		S&P Global, Inc		8,319,021
	167,828		Synchrony Financial		5,439,305
	42,973		T Rowe Price Group, Inc		5,738,185
	44,692		TD Ameritrade Holding Corp		2,121,976
			TOTAL DIVERSIFIED FINANCIALS		106,622,546
FOOD & STAPLES RETAILING - 1.3%
	66,403		Casey’s General Stores, Inc		10,681,587
	43,953		Costco Wholesale Corp		13,428,520
	117,346	*	Sprouts Farmers Market, Inc		1,834,118
	161,765		SYSCO Corp		13,287,377
			TOTAL FOOD & STAPLES RETAILING		39,231,602
FOOD, BEVERAGE & TOBACCO - 2.7%
	80,221		Altria Group, Inc		3,812,904
	86,948		Campbell Soup Co		4,207,414
	336,882		Coca-Cola Co		19,673,909
	86,476		Hershey Co		13,418,481
	134,264		Kellogg Co		9,158,147
	59,106		McCormick & Co, Inc		9,656,147
	156,477		PepsiCo, Inc		22,222,864
			TOTAL FOOD, BEVERAGE & TOBACCO		82,149,866
HEALTH CARE EQUIPMENT & SERVICES - 5.1%
	33,208		Abbott Laboratories		2,893,745
	118,859		AmerisourceBergen Corp		10,169,576
	38,957		Anthem, Inc		10,334,513

28

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

SHARES			COMPANY	VALUE
	63,920	*	Boston Scientific Corp	$	2,676,330
	29,673	*	Centene Corp		1,863,761
	19,468	*	Edwards Lifesciences Corp		4,280,235
	30,551		Encompass Health Corp		2,353,344
	62,941		HCA Healthcare, Inc		8,736,211
	26,590		Hill-Rom Holdings, Inc		2,831,569
	34,697		Humana, Inc		11,666,519
	5,761	*	Intuitive Surgical, Inc		3,224,893
	20,685	*	Laboratory Corp of America Holdings		3,628,149
	22,325	*	Molina Healthcare, Inc		2,745,305
	17,181		STERIS plc		2,589,005
	45,069		Stryker Corp		9,496,038
	214,452		UnitedHealth Group, Inc		58,427,448
	79,666	*	Veeva Systems, Inc		11,679,832
	23,595		West Pharmaceutical Services, Inc		3,679,640
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		153,276,113
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	12,497		Estee Lauder Cos (Class A)		2,438,915
	12,852	*	Herbalife Nutrition Ltd		499,300
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		2,938,215
INSURANCE - 1.2%
	15,578		Aon plc		3,431,054
	248,622	*	Arch Capital Group Ltd		10,979,148
	27,250		Everest Re Group Ltd		7,536,533
	118,949		Marsh & McLennan Cos, Inc		13,305,635
	3,584		RenaissanceRe Holdings Ltd		678,953
			TOTAL INSURANCE		35,931,323
MATERIALS - 0.6%
	37,731		CF Industries Holdings, Inc		1,519,805
	17,227		Ecolab, Inc		3,378,387
	27,619		Martin Marietta Materials, Inc		7,285,892
	10,738		Scotts Miracle-Gro Co (Class A)		1,317,982
	5,456		Sherwin-Williams Co		3,038,937
			TOTAL MATERIALS		16,541,003
MEDIA & ENTERTAINMENT - 10.8%
	55,843	*	Alphabet, Inc (Class A)		80,010,733
	55,712	*	Alphabet, Inc (Class C)		79,903,822
	20,004		Altice USA, Inc		547,309
	53,268	*	AMC Networks, Inc		1,949,076
	7,786	*	Charter Communications, Inc		4,028,944
	502,572		Comcast Corp (Class A)		21,706,085
	114,535	*	Electronic Arts, Inc		12,360,617
	408,036	*	Facebook, Inc		82,386,549
	230,460		Interpublic Group of Cos, Inc		5,231,442
	60,665	*	NetFlix, Inc		20,934,885
	84,929		Omnicom Group, Inc		6,396,003
	88,391	*	Take-Two Interactive Software, Inc		11,017,054
			TOTAL MEDIA & ENTERTAINMENT		326,472,519

29

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

SHARES			COMPANY	VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.8%
	177,675		AbbVie, Inc	$	14,395,229
	93,231	*	Alexion Pharmaceuticals, Inc		9,266,229
	127,194		Amgen, Inc		27,480,264
	164,379		Bristol-Myers Squibb Co		10,347,658
	10,863		Bruker BioSciences Corp		537,393
	17,636	*	Charles River Laboratories International, Inc		2,726,173
	73,785		Eli Lilly & Co		10,303,337
	88,440	*	Exelixis, Inc		1,521,168
	299,069	*	Horizon Therapeutics Plc		10,314,890
	65,074	*	Incyte Corp		4,754,957
	89,127	*	IQVIA Holdings, Inc		13,836,967
	1,094	*	Jazz Pharmaceuticals plc		156,825
	36,776		Johnson & Johnson		5,474,843
	594,015		Merck & Co, Inc		50,752,642
	110,491	*	PRA Health Sciences, Inc		11,193,843
	70,380		Thermo Fisher Scientific, Inc		22,042,312
	77,703	*	Vertex Pharmaceuticals, Inc		17,642,466
	177,507		Zoetis, Inc		23,823,214
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		236,570,410
REAL ESTATE - 2.1%
	117,754		American Tower Corp		27,288,312
	55,328	*	CBRE Group, Inc		3,377,774
	47,837		Crown Castle International Corp		7,167,896
	8,246		Equinix, Inc		4,862,914
	49,190		Extra Space Storage, Inc		5,444,349
	11,112		Lamar Advertising Co		1,031,305
	109,354		Simon Property Group, Inc		14,560,485
			TOTAL REAL ESTATE		63,733,035
RETAILING - 9.0%
	81,754	*	Amazon.com, Inc		164,220,895
	577	*	AutoZone, Inc		610,443
	106,571		Best Buy Co, Inc		9,025,498
	6,010	*	Booking Holdings, Inc		11,001,605
	19,833		Dollar General Corp		3,042,581
	81,724		eBay, Inc		2,742,657
	99,868		Home Depot, Inc		22,779,891
	164,990		L Brands, Inc		3,821,168
	78,414	*	LKQ Corp		2,562,962
	108,968		Lowe’s Companies, Inc		12,666,440
	4,488	*	O’Reilly Automotive, Inc		1,822,577
	152,043		Ross Stores, Inc		17,057,704
	76,880		Target Corp		8,513,691
	156,155		TJX Companies, Inc		9,219,391
	42,684		Williams-Sonoma, Inc		2,991,295
			TOTAL RETAILING		272,078,798
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.9%
	76,443	*	Advanced Micro Devices, Inc		3,592,821

30

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

SHARES			COMPANY	VALUE
	249		Analog Devices, Inc	$	27,328
	61,631		Broadcom, Inc		18,807,316
	45,510		KLA Corp		7,542,827
	63,383		Lam Research Corp		18,901,444
	50,942		Maxim Integrated Products, Inc		3,062,633
	147,885		NVIDIA Corp		34,964,451
	274,348		QUALCOMM, Inc		23,404,628
	105,735		Teradyne, Inc		6,977,453
	244,294		Texas Instruments, Inc		29,474,071
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		146,754,972
SOFTWARE & SERVICES - 24.5%
	149,238		Accenture plc		30,625,130
	77,600	*	Adobe, Inc		27,248,464
	61,010	*	Akamai Technologies, Inc		5,695,284
	144,309		Automatic Data Processing, Inc		24,733,119
	161,804		Booz Allen Hamilton Holding Co		12,627,184
	74,128	*	Cadence Design Systems, Inc		5,345,370
	35,297		CoreLogic Inc		1,641,311
	291,408	*	Dropbox, Inc		4,959,764
	15,621	*	EPAM Systems, Inc		3,563,775
	72,666	*	Euronet Worldwide, Inc		11,455,068
	12,364	*	Fair Isaac Corp		4,975,026
	147,539		Fidelity National Information Services, Inc		21,195,453
	64,150	*	Fiserv, Inc		7,608,832
	21,461	*	FleetCor Technologies, Inc		6,765,151
	123,226	*	Fortinet, Inc		14,215,351
	46,666	*	Gartner, Inc		7,502,960
	201,569		Genpact Ltd		8,923,460
	65,312		Global Payments, Inc		12,765,230
	16,384	*	HubSpot, Inc		2,964,521
	63,566		International Business Machines Corp		9,136,341
	31,164		Intuit, Inc		8,737,762
	155,703		Mastercard, Inc (Class A)		49,192,806
	1,518,512		Microsoft Corp		258,496,298
	295,846		Oracle Corp		15,517,123
	24,446	*	Palo Alto Networks, Inc		5,739,432
	27,049	*	Paycom Software, Inc		8,605,910
	39,672	*	Paylocity Holding Corp		5,629,060
	316,528	*	PayPal Holdings, Inc		36,049,374
	71,917		Sabre Corp		1,549,092
	95,571	*	salesforce.com, Inc		17,423,549
	51,354	*	ServiceNow, Inc		17,369,463
	62,613		SS&C Technologies Holdings, Inc		3,945,245
	38,544	*	Synopsys, Inc		5,685,625
	64,818	*	VeriSign, Inc		13,491,218
	308,614		Visa, Inc (Class A)		61,404,928
	24,604	*	WEX, Inc		5,337,100
			TOTAL SOFTWARE & SERVICES		738,120,779
TECHNOLOGY HARDWARE & EQUIPMENT - 12.2%
	6,919		Amphenol Corp (Class A)		688,233
	865,431		Apple, Inc		267,859,549
	106,289		CDW Corp		13,865,400

31

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

SHARES			COMPANY	VALUE
	1,031,065		Cisco Systems, Inc	$	47,398,058
	679	*	F5 Networks, Inc		82,919
	86,590		HP, Inc		1,846,099
	100,653		Jabil Inc		3,914,395
	84,224	*	Keysight Technologies, Inc		7,831,990
	81,130		Motorola Solutions, Inc		14,360,010
	77,218	*	NCR Corp		2,603,791
	21,398	e	Ubiquiti, Inc		3,496,861
	16,045	*	Zebra Technologies Corp (Class A)		3,835,076
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		367,782,381
TELECOMMUNICATION SERVICES - 0.4%
	167,591	*	T-Mobile US, Inc		13,271,531
			TOTAL TELECOMMUNICATION SERVICES		13,271,531
TRANSPORTATION - 1.4%
	82,213		Alaska Air Group, Inc		5,310,138
	104,745		Delta Air Lines, Inc		5,838,486
	152,004		Southwest Airlines Co		8,357,180
	77,742		Union Pacific Corp		13,948,470
	93,555		United Parcel Service, Inc (Class B)		9,684,813
			TOTAL TRANSPORTATION		43,139,087
			TOTAL COMMON STOCKS		3,008,089,058
			(Cost $1,812,021,400)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.3%
GOVERNMENT AGENCY DEBT - 0.2%
$	7,320,000		Federal Home Loan Bank (FHLB)		1.500	%	02/03/20		7,320,000
			TOTAL GOVERNMENT AGENCY DEBT						7,320,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.1%
	1,911,585	c	State Street Navigator Securities Lending Government Money Market Portfolio						1,911,585
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						1,911,585
			TOTAL SHORT-TERM INVESTMENTS						9,231,585
			(Cost $9,230,975)
			TOTAL INVESTMENTS - 100.0%						3,017,320,643
			(Cost $1,821,252,375)
			OTHER ASSETS & LIABILITIES, NET - (0.0)%						(966,365	)
			NET ASSETS - 100.0%					$	3,016,354,278
		*	Non-income producing
		c	Investments made with cash collateral received from securities on loan.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $1,818,701.

32

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

TIAA-CREF FUNDS

QUANT LARGE-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.7%
AUTOMOBILES & COMPONENTS - 0.7%
	215,016		General Motors Co	$	7,179,384
	20,061		Gentex Corp		597,216
	15,424		Thor Industries, Inc		1,241,941
			TOTAL AUTOMOBILES & COMPONENTS		9,018,541
BANKS - 10.9%
	861,704		Bank of America Corp		28,289,742
	32,788		Bank OZK		891,178
	280,962		Citigroup, Inc		20,906,382
	182,496		Citizens Financial Group, Inc		6,803,451
	70,371		Comerica, Inc		4,303,890
	57,516		East West Bancorp, Inc		2,636,533
	118,226		Fifth Third Bancorp		3,363,530
	106,738		First Horizon National Corp		1,707,808
	277,612		JPMorgan Chase & Co		36,744,724
	20,546		Keycorp		384,416
	412,713		MGIC Investment Corp		5,691,312
	67,479		PacWest Bancorp		2,365,139
	15,143		PNC Financial Services Group, Inc		2,249,493
	82,338		Popular, Inc		4,607,634
	19,856		Sterling Bancorp/DE		397,120
	7,501	*	SVB Financial Group		1,802,715
	45,309		TCF Financial Corp		1,915,665
	41,231		Truist Financial Corp		2,126,283
	95,512		Umpqua Holdings Corp		1,614,153
	65,499		US Bancorp		3,485,857
	24,393		Webster Financial Corp		1,094,270
	261,750		Wells Fargo & Co		12,286,545
			TOTAL BANKS		145,667,840
CAPITAL GOODS - 7.1%
	44,671		3M Co		7,087,501
	10,775		Acuity Brands, Inc		1,270,049
	131,545	*	Aecom Technology Corp		6,344,415
	31,655		Allegion plc		4,093,625
	25,492		Ametek, Inc		2,476,548
	15,669		BWX Technologies, Inc		996,392
	34,040		Carlisle Cos, Inc		5,318,069
	8,818		Caterpillar, Inc		1,158,244
	53		Cummins, Inc		8,478
	10,568		Curtiss-Wright Corp		1,536,904
	11,449		Deere & Co		1,815,582
	28,118		Dover Corp		3,201,234
	377,590		General Electric Co		4,700,996
	12,786		GrafTech International Ltd		137,194

33

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
	28,123	*	HD Supply Holdings, Inc	$	1,145,731
	12,368		Honeywell International, Inc		2,142,385
	13,614		Hubbell, Inc		1,949,933
	4,504		Huntington Ingalls		1,175,544
	14,517		ITT, Inc		973,800
	64,407		Johnson Controls International plc		2,540,856
	34,089		Oshkosh Corp		2,933,018
	29,482		Owens Corning, Inc		1,783,366
	59,657		PACCAR, Inc		4,427,146
	19,545		Parker-Hannifin Corp		3,824,761
	63,846		Quanta Services, Inc		2,499,571
	10,142		Raytheon Co		2,240,774
	16,402		Regal-Beloit Corp		1,286,901
	9,713		Roper Technologies Inc		3,707,064
	69,785		Spirit Aerosystems Holdings, Inc (Class A)		4,558,356
	23,627		Textron, Inc		1,085,188
	3,272		Timken Co		171,878
	36,914	*	United Rentals, Inc		5,008,861
	41,192		United Technologies Corp		6,187,038
	29,267	*	WABCO Holdings, Inc		3,970,069
	24,209		Wabtec Corp		1,788,077
			TOTAL CAPITAL GOODS		95,545,548
COMMERCIAL & PROFESSIONAL SERVICES - 0.9%
	7,179	*	Clean Harbors, Inc		590,257
	4,938	*	IAA, Inc		233,370
	45,698		Nielsen NV		932,239
	49,376		Republic Services, Inc		4,693,189
	50,020		Waste Management, Inc		6,087,434
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		12,536,489
CONSUMER DURABLES & APPAREL - 0.3%
	24,851		Leggett & Platt, Inc		1,182,659
	2,879		Lennar Corp (B Shares)		151,176
	4,863		Polaris Inc		446,618
	33,223	*	Skechers U.S.A., Inc (Class A)		1,242,208
	5,280		Whirlpool Corp		771,778
			TOTAL CONSUMER DURABLES & APPAREL		3,794,439
CONSUMER SERVICES - 2.1%
	9,947		Carnival Corp		432,993
	1,842		Dunkin Brands Group, Inc		143,842
	62,746		Extended Stay America, Inc		810,678
	52,164	*	frontdoor, Inc		2,221,143
	7,416	*	Grand Canyon Education, Inc		580,525
	127,972		H&R Block, Inc		2,968,950
	36,653	*	Hilton Grand Vacations, Inc		1,169,597
	46,987		Las Vegas Sands Corp		3,068,721
	47,710		McDonald’s Corp		10,208,509
	32,444		MGM Resorts International		1,007,711
	29,918		Royal Caribbean Cruises Ltd		3,502,799
	7,314		Vail Resorts, Inc		1,715,206
	9,066		Wyndham Destinations, Inc		439,973
			TOTAL CONSUMER SERVICES		28,270,647

34

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
DIVERSIFIED FINANCIALS - 6.0%
	6,540		Affiliated Managers Group, Inc	$	522,219
	175,931		Ally Financial, Inc		5,635,070
	21,984		American Express Co		2,855,062
	170,541		Bank of New York Mellon Corp		7,636,826
	6,945		BlackRock, Inc		3,662,446
	44,969		Capital One Financial Corp		4,487,906
	23,229		CME Group, Inc		5,043,248
	70,171		Discover Financial Services		5,271,947
	12,405		Evercore Inc		950,471
	16,209		Goldman Sachs Group, Inc		3,853,690
	42,439		IntercontinentalExchange Group, Inc		4,232,866
	84,000		iShares Russell 1000 Value Index Fund		11,219,040
	47,242		Legg Mason, Inc		1,849,524
	194,763		Morgan Stanley		10,178,314
	52,610		Navient Corp		756,532
	33,140		OneMain Holdings, Inc		1,404,142
	31,394		Santander Consumer USA Holdings, Inc		835,708
	71,641		SLM Corp		782,320
	93,334		State Street Corp		7,058,850
	12,775		TD Ameritrade Holding Corp		606,557
	23,864		Voya Financial, Inc		1,425,397
			TOTAL DIVERSIFIED FINANCIALS		80,268,135
ENERGY - 6.8%
	131,385		Cabot Oil & Gas Corp		1,851,215
	783,673	*	Centennial Resource Development, Inc		2,554,774
	190,823		Chevron Corp		20,444,776
	85,397		Cimarex Energy Co		3,748,074
	14,741		Concho Resources, Inc		1,117,073
	96,083		ConocoPhillips		5,710,213
	148,997		Continental Resources, Inc		4,055,698
	86,679	*	Devon Energy Corp		1,882,668
	114,795		EOG Resources, Inc		8,369,703
	415,841		Exxon Mobil Corp		25,832,043
	93,551		Kosmos Energy Ltd		478,046
	134,616		Marathon Petroleum Corp		7,336,572
	133,525		Parsley Energy, Inc		2,221,856
	21,821		PBF Energy, Inc		595,713
	48,539		Phillips 66		4,435,008
	8,446		Schlumberger Ltd		283,026
	6,891		Valero Energy Corp		580,980
			TOTAL ENERGY		91,497,438
FOOD & STAPLES RETAILING - 1.8%
	3,403		Casey’s General Stores, Inc		547,407
	227,847		Kroger Co		6,119,970
	139,396	*	Sprouts Farmers Market, Inc		2,178,760
	67,048	*	US Foods Holding Corp		2,693,318
	12,386		Walgreens Boots Alliance, Inc		629,828
	107,935		Walmart, Inc		12,357,478
			TOTAL FOOD & STAPLES RETAILING		24,526,761

35

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
FOOD, BEVERAGE & TOBACCO - 5.8%
	189,999		Altria Group, Inc	$	9,030,653
	139,281		Coca-Cola Co		8,134,010
	36,367		Constellation Brands, Inc (Class A)		6,847,906
	28,193		General Mills, Inc		1,472,238
	34,477		Hershey Co		5,349,796
	59,190		Ingredion, Inc		5,208,720
	51,771		Kellogg Co		3,531,300
	23,492		Lamb Weston Holdings, Inc		2,145,055
	225,059		Mondelez International, Inc		12,913,885
	57,022		PepsiCo, Inc		8,098,264
	104,298		Philip Morris International, Inc		8,625,445
	82,501		Tyson Foods, Inc (Class A)		6,817,058
			TOTAL FOOD, BEVERAGE & TOBACCO		78,174,330
HEALTH CARE EQUIPMENT & SERVICES - 6.8%
	29,349		Abbott Laboratories		2,557,472
	9,488	*	Acadia Healthcare Co, Inc		304,849
	31,230		Anthem, Inc		8,284,695
	2,722		Becton Dickinson & Co		749,040
	1,750	*	Centene Corp		109,918
	30,846		Cigna Corp		5,934,153
	68,228		CVS Health Corp		4,627,223
	40,327		Danaher Corp		6,487,405
	57,863	*	DaVita, Inc		4,621,518
	34,951		Encompass Health Corp		2,692,276
	13,341	*	Envista Holdings Corp		394,760
	48,241		HCA Healthcare, Inc		6,695,851
	111,102	*	Hologic, Inc		5,946,179
	22,842		Humana, Inc		7,680,394
	8,330	*	Integra LifeSciences Holdings Corp		458,483
	23,588	*	Laboratory Corp of America Holdings		4,137,335
	56,963	*	MEDNAX, Inc		1,314,136
	103,259		Medtronic plc		11,920,219
	14,540	*	Premier, Inc		505,556
	49,820		Quest Diagnostics, Inc		5,513,579
	24,507		STERIS plc		3,692,960
	36,577		West Pharmaceutical Services, Inc		5,704,183
	1,127		Zimmer Biomet Holdings, Inc		166,683
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		90,498,867
HOUSEHOLD & PERSONAL PRODUCTS - 3.0%
	40,012		Colgate-Palmolive Co		2,952,085
	63,003	*	Herbalife Nutrition Ltd		2,447,667
	12,981		Kimberly-Clark Corp		1,859,399
	1,438		Nu Skin Enterprises, Inc (Class A)		46,864
	264,439		Procter & Gamble Co		32,954,388
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		40,260,403
INSURANCE - 6.9%
	14,869		Allstate Corp		1,762,571

36

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
	44,571		American Financial Group, Inc	$	4,848,879
	21,594		American International Group, Inc		1,085,314
	1,004		American National Insurance Co		110,601
	83,731	*	Athene Holding Ltd		3,647,322
	170,509	*	Berkshire Hathaway, Inc (Class B)		38,267,335
	31,791	*	Brighthouse Financial, Inc		1,236,670
	48,593		Brown & Brown, Inc		2,181,826
	30,307		Chubb Ltd		4,606,361
	14,034		Cincinnati Financial Corp		1,472,868
	64,474		Fidelity National Financial Inc		3,143,108
	77,446		First American Financial Corp		4,800,103
	355		Hartford Financial Services Group, Inc		21,044
	10,069		Kemper Corp		749,335
	30,423		Lincoln National Corp		1,657,445
	28,128		Mercury General Corp		1,380,804
	161,817		Metlife, Inc		8,043,923
	1,322		Primerica, Inc		156,736
	40,314		Principal Financial Group		2,134,626
	7,324		Progressive Corp		590,974
	15,608		Prudential Financial, Inc		1,421,265
	6,675		Reinsurance Group of America, Inc (Class A)		961,534
	39,220		Travelers Cos, Inc		5,162,136
	100,723		Unum Group		2,688,297
	8,840		W.R. Berkley Corp		650,005
	1,283		Willis Towers Watson plc		271,085
			TOTAL INSURANCE		93,052,167
MATERIALS - 3.3%
	23,684		Air Products & Chemicals, Inc		5,653,608
	9,309		Ardagh Group S.A.		177,616
	34,639		CF Industries Holdings, Inc		1,395,259
	27,352		Chemours Co		379,372
	8,245		Dow, Inc		379,847
	30,124		DuPont de Nemours, Inc		1,541,746
	8,094		Eagle Materials, Inc		737,930
	31,053		Eastman Chemical Co		2,213,147
	68,467		Graphic Packaging Holding Co		1,070,139
	24,526		Huntsman Corp		504,255
	4,277		International Paper Co		174,160
	38,724		Linde plc		7,866,006
	10,824		LyondellBasell Industries NV		842,757
	1,050		NewMarket Corp		461,601
	12,135		Newmont Goldcorp Corp		546,803
	27,809		Reliance Steel & Aluminum Co		3,192,473
	12,748		Royal Gold, Inc		1,470,099
	26,085		Sealed Air Corp		926,018
	53,592		Silgan Holdings, Inc		1,653,849
	132,865		Steel Dynamics, Inc		3,970,006
	130,938		Valvoline, Inc		2,760,173
	157,205		WestRock Co		6,130,995
			TOTAL MATERIALS		44,047,859
MEDIA & ENTERTAINMENT - 2.6%
	27,550		Activision Blizzard, Inc		1,611,124

37

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
	1,806	*	Charter Communications, Inc	$	934,533
	178,506		Comcast Corp (Class A)		7,709,674
	41,561	*	Discovery, Inc (Class C)		1,154,149
	5,696	*	Electronic Arts, Inc		614,712
	3,353	*	Liberty Broadband Corp (Class C)		445,714
	12,988	*	Liberty SiriusXM Group (Class A)		630,827
	27,328	*	Liberty SiriusXM Group (Class C)		1,339,619
	25,880		Lions Gate Entertainment Corp (Class B)		241,460
	11,130		Sinclair Broadcast Group, Inc (Class A)		333,010
	5,581	*	Take-Two Interactive Software, Inc		695,616
	24,520		ViacomCBS, Inc (Class B)		836,868
	134,882		Walt Disney Co		18,655,529
			TOTAL MEDIA & ENTERTAINMENT		35,202,835
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.7%
	13,284	*	Alexion Pharmaceuticals, Inc		1,320,297
	31,128		Allergan plc		5,809,730
	23,892		Amgen, Inc		5,161,866
	25,766	*	Biogen, Inc		6,927,189
	78,070		Bristol-Myers Squibb Co		4,914,506
	29,801	*	Exelixis, Inc		512,577
	169,799		Gilead Sciences, Inc		10,731,297
	40,359	*	Horizon Therapeutics Plc		1,391,982
	2,585	*	Jazz Pharmaceuticals plc		370,560
	243,416		Johnson & Johnson		36,237,340
	63,363		Merck & Co, Inc		5,413,735
	641,896		Pfizer, Inc		23,904,207
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		102,695,286
REAL ESTATE - 4.3%
	9,903		Alexandria Real Estate Equities, Inc		1,616,170
	3,148		AvalonBay Communities, Inc		682,140
	13,507		Boston Properties, Inc		1,936,228
	9,141		Camden Property Trust		1,027,723
	25,730		Coresite Realty		3,021,989
	88,370		Corporate Office Properties Trust		2,630,775
	35,481		CubeSmart		1,123,683
	67,337		CyrusOne, Inc		4,097,456
	114,359		Douglas Emmett, Inc		4,745,899
	28,149		Duke Realty Corp		1,022,090
	994		Equity Residential		82,582
	645		Essex Property Trust, Inc		199,795
	42,263		Extra Space Storage, Inc		4,677,669
	44,705		Gaming and Leisure Properties, Inc		2,112,535
	43,849		Hudson Pacific Properties		1,593,473
	40,595		Invitation Homes, Inc		1,277,525
	21,130		Kilroy Realty Corp		1,744,704
	142		Mid-America Apartment Communities, Inc		19,484
	42,384		National Retail Properties, Inc		2,373,504
	63,834		Outfront Media, Inc		1,898,423
	296,016		Paramount Group, Inc		4,161,985
	20,938		Prologis, Inc		1,944,721
	23,436		Public Storage, Inc		5,244,039

38

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
	42,559		Retail Properties of America, Inc	$	517,092
	32,569		Simon Property Group, Inc		4,336,562
	30,723		SITE Centers Corp		390,489
	10,101		SL Green Realty Corp		929,696
	38,012		Spirit Realty Capital, Inc		2,006,273
	23,556		Taubman Centers, Inc		622,350
			TOTAL REAL ESTATE		58,037,054
RETAILING - 3.0%
	116,082		Dick’s Sporting Goods, Inc		5,134,307
	31,511		Dollar General Corp		4,834,102
	12,606		Foot Locker, Inc		478,650
	49,689		Home Depot, Inc		11,334,061
	84,313		Kohl’s Corp		3,604,381
	82,801	*	LKQ Corp		2,706,351
	5,072		Penske Auto Group, Inc		238,232
	87,553		Target Corp		9,695,619
	20,144		Williams-Sonoma, Inc		1,411,691
			TOTAL RETAILING		39,437,394
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.2%
	126,539		Applied Materials, Inc		7,337,997
	17,476		Cypress Semiconductor Corp		407,715
	501,838		Intel Corp		32,082,503
	20,587		Lam Research Corp		6,139,249
	84,757		Maxim Integrated Products, Inc		5,095,591
	11,157		Microchip Technology, Inc		1,087,584
	208,922	*	Micron Technology, Inc		11,091,669
	60,732	*	Qorvo, Inc		6,429,090
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		69,671,398
SOFTWARE & SERVICES - 1.3%
	11,059		Alliance Data Systems Corp		1,136,755
	10,250	*	CACI International, Inc (Class A)		2,741,260
	7,145	*	Cerence Inc		152,546
	15,281		Cognizant Technology Solutions Corp (Class A)		937,948
	11,553		CoreLogic Inc		537,214
	92,114		DXC Technology Co		2,936,594
	3,901		Fidelity National Information Services, Inc		560,418
	1,533		International Business Machines Corp		220,338
	13,476		Jack Henry & Associates, Inc		2,015,201
	81,930		NortonLifelock, Inc		2,328,450
	38,715	*	Nuance Communications, Inc		732,488
	32,732		Sabre Corp		705,047
	17,388		SS&C Technologies Holdings, Inc		1,095,618
	7,665	*	VeriSign, Inc		1,595,393
			TOTAL SOFTWARE & SERVICES		17,695,270
TECHNOLOGY HARDWARE & EQUIPMENT - 1.1%
	28,976		Avnet, Inc		1,057,334
	18,931	*	Dell Technologies, Inc		923,265
	20,367	*	F5 Networks, Inc		2,487,218
	3,691		Hewlett Packard Enterprise Co		51,416

39

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
	168,757		HP, Inc	$	3,597,899
	36,701		Jabil Inc		1,427,302
	15,134		Motorola Solutions, Inc		2,678,718
	4,381		Synnex Corp		603,527
	18,428	*	Trimble Inc		783,559
	19,057		Western Digital Corp		1,248,233
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		14,858,471
TELECOMMUNICATION SERVICES - 3.8%
	584,325		AT&T, Inc		21,982,306
	15,861		Telephone & Data Systems, Inc		359,728
	9,508	*	US Cellular Corp		304,446
	481,947		Verizon Communications, Inc		28,646,930
			TOTAL TELECOMMUNICATION SERVICES		51,293,410
TRANSPORTATION - 2.3%
	68,056		Alaska Air Group, Inc		4,395,737
	110,106		American Airlines Group, Inc		2,955,245
	19,322		Copa Holdings S.A. (Class A)		1,892,783
	8,686		CSX Corp		663,089
	137,454		Delta Air Lines, Inc		7,661,686
	17,517		Kansas City Southern		2,954,943
	4,392		Norfolk Southern Corp		914,458
	55,375		Southwest Airlines Co		3,044,518
	81,669	*	United Airlines Holdings Inc		6,108,841
			TOTAL TRANSPORTATION		30,591,300
UTILITIES - 6.0%
	16,242		Alliant Energy Corp		964,125
	84,673		Ameren Corp		6,947,420
	96,850		American Electric Power Co, Inc		10,093,707
	20,219		American Water Works Co, Inc		2,753,828
	17,926		Dominion Energy Inc		1,537,154
	23,882		DTE Energy Co		3,166,992
	50,616		Duke Energy Corp		4,941,640
	157,134		Exelon Corp		7,478,007
	6,263		Idacorp, Inc		702,646
	161,840		MDU Resources Group, Inc		4,792,082
	69,353		National Fuel Gas Co		2,995,356
	26,309		NextEra Energy, Inc		7,056,074
	40,467		NiSource, Inc		1,186,088
	149,206		NRG Energy, Inc		5,504,209
	26,113		OGE Energy Corp		1,197,281
	24,975	*,b	PG&E Corp		379,870
	47,181		Pinnacle West Capital Corp		4,609,112
	3,648		Public Service Enterprise Group, Inc		215,962
	11,113		Sempra Energy		1,785,192
	130,797		Southern Co		9,208,109
	118,719		Vistra Energy Corp		2,673,552
			TOTAL UTILITIES		80,188,406
			TOTAL COMMON STOCKS		1,336,830,288
			(Cost $1,068,480,827)

40

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 0.2%
GOVERNMENT AGENCY DEBT - 0.2%
$	3,040,000	Federal Home Loan Bank (FHLB)		1.500	%	02/03/20	$	3,040,000
		TOTAL GOVERNMENT AGENCY DEBT						3,040,000
		TOTAL SHORT-TERM INVESTMENTS						3,040,000
		(Cost $3,039,746)
		TOTAL INVESTMENTS - 99.9%						1,339,870,288
		(Cost $1,071,520,573)
		OTHER ASSETS & LIABILITIES, NET - 0.1%						1,329,771
		NET ASSETS - 100.0%					$	1,341,200,059

*	Non-income producing
b	In bankruptcy

41

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

TIAA-CREF FUNDS

QUANT SMALL-CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.2%
BANKS - 11.5%
	66,900		Amalgamated Bank	$	1,153,356
	203,600	*	Axos Financial, Inc		5,735,412
	8,600		Bank of Marin Bancorp		378,916
	295,700		Bank of NT Butterfield & Son Ltd		9,823,154
	705,803		Cadence BanCorp		11,031,701
	19,600		Carolina Financial Corp		751,660
	492,200		Cathay General Bancorp		17,748,732
	36,300		Civista Bancshares, Inc		798,963
	130,423		ConnectOne Bancorp, Inc		3,079,287
	248,500	*	Customers Bancorp, Inc		5,312,930
	47,650		Eagle Bancorp, Inc		2,082,305
	22,803		Enterprise Financial Services Corp		992,159
	505,900		Essent Group Ltd		25,097,699
	124,700		Federal Agricultural Mortgage Corp (Class C)		9,514,610
	18,900		Financial Institutions, Inc		582,309
	93,700		First Bancorp		3,324,476
	37,700		First Commonwealth Financial Corp		509,704
	47,900		First Defiance Financial Corp		1,407,781
	58,400		First Merchants Corp		2,321,400
	260,900		Flagstar Bancorp, Inc		9,194,116
	12,200		Great Southern Bancorp, Inc		694,302
	206,926		Great Western Bancorp, Inc		6,114,663
	168,100		Heritage Commerce Corp		1,949,960
	401,247		Hilltop Holdings, Inc		9,084,232
	93,100		Horizon Bancorp		1,575,252
	261,300		IBERIABANK Corp		18,999,123
	100,559		Independent Bank Corp		2,149,952
	70,100		Independent Bank Group, Inc		3,751,752
	160,000		Lakeland Bancorp, Inc		2,598,400
	54,000		Meridian Bancorp, Inc		971,460
	313,382		Meta Financial Group, Inc		11,664,078
	600,600	*	Mr Cooper Group, Inc		7,435,428
	438,900	*	NMI Holdings, Inc		14,009,688
	131,600		OceanFirst Financial Corp		3,061,016
	697,900		OFG Bancorp		13,755,609
	67,400		Old Second Bancorp, Inc		828,009
	288,000		PennyMac Financial Services, Inc		9,711,360
	39,200		Peoples Bancorp, Inc		1,275,568
	49,405		QCR Holdings, Inc		2,030,546
	978,600		Radian Group, Inc		23,965,914
	139,559		Sandy Spring Bancorp, Inc		4,856,653
	17,000		Southern National Bancorp of Virginia, Inc		264,010
	187,100	*	The Bancorp, Inc		2,213,393
	724,112		United Community Banks, Inc		20,217,207
	44,900		United Community Financial Corp		490,757

42

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	125,879		Univest Financial Corp	$	3,126,834
	341,500		Walker & Dunlop, Inc		22,665,355
	99,600		WSFS Financial Corp		3,973,044
			TOTAL BANKS		304,274,235
CAPITAL GOODS - 11.1%
	58,663		AAR Corp		2,497,871
	278,904		Advanced Drainage Systems, Inc		11,594,039
	61,600	*	Aerojet Rocketdyne Holdings, Inc		3,207,512
	174,200	*	American Superconductor Corp		1,093,976
	224,400		Arcosa, Inc		9,817,500
	555,943	*	Atkore International Group, Inc		22,070,937
	141,300		AZZ, Inc		5,830,038
	413,183	*	BMC Stock Holdings, Inc		12,058,746
	669,500	*	Builders FirstSource, Inc		16,600,253
	121,800		Columbus McKinnon Corp		4,261,782
	439,000		Comfort Systems USA, Inc		20,369,600
	71,379		CSW Industrials, Inc		5,416,239
	88,800		Douglas Dynamics, Inc		4,655,784
	47,300	*	Ducommun, Inc		1,935,989
	33,413	*	DXP Enterprises, Inc		1,158,429
	236,266		EMCOR Group, Inc		19,413,977
	47,200		Encore Wire Corp		2,563,432
	111,400		EnPro Industries, Inc		6,510,216
	441,700	*	Evoqua Water Technologies Corp		8,820,749
	230,600		Federal Signal Corp		7,416,096
	242,800	*	Foundation Building Materials, Inc		4,329,124
	182,400	*	Gibraltar Industries, Inc		9,944,448
	492,357	*	GMS, Inc		13,155,779
	473,700	*	Great Lakes Dredge & Dock Corp		4,959,639
	467,500	*	Harsco Corp		6,965,750
	56,000		Insteel Industries, Inc		1,252,720
	52,000		Kaman Corp		3,209,440
	13,000	*	Lawson Products, Inc		613,860
	294,300	*	Mastec, Inc		16,995,825
	185,740		Moog, Inc (Class A)		16,644,161
	160,113		Mueller Industries, Inc		4,670,496
	280,570	*	Parsons Corp		11,475,313
	94,400	*	PGT, Inc		1,463,200
	46,200		Powell Industries, Inc		1,906,674
	511,400	*	Rexnord Corp		16,697,210
	95,000	*	SPX Corp		4,661,650
	80,788	*	Trimas Corp		2,321,039
	81,339	*	Vectrus, Inc		4,534,649
	144,900		Wabash National Corp		1,680,840
			TOTAL CAPITAL GOODS		294,774,982
COMMERCIAL & PROFESSIONAL SERVICES - 3.7%
	27,470		Barrett Business Services, Inc		2,275,340
	217,700	*	CBIZ, Inc		5,877,900
	54,929		CRA International, Inc		2,926,617
	98,100		Ennis, Inc		2,046,366
	330,647		Exponent, Inc		24,061,182
	44,400	*	Franklin Covey Co		1,411,920

43

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	132,400		Heidrick & Struggles International, Inc	$	3,762,808
	28,400	*	Huron Consulting Group, Inc		1,840,604
	112,276		Kforce, Inc		4,159,826
	114,500		Kimball International, Inc (Class B)		2,150,310
	22,500		McGrath RentCorp		1,739,700
	409,400		Steelcase, Inc (Class A)		7,618,934
	275,659		Tetra Tech, Inc		23,596,411
	233,400	*	TriNet Group, Inc		13,317,804
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		96,785,722
CONSUMER DURABLES & APPAREL - 2.4%
	97,900	*	Century Communities, Inc		2,904,693
	413,200	*	CROCS, Inc		15,664,412
	75,900	*	G-III Apparel Group Ltd		2,065,239
	67,345	*	Installed Building Products, Inc		4,992,285
	30,100		Johnson Outdoors, Inc		2,365,860
	223,300	*	Purple Innovation, Inc		2,806,881
	315,662		Skyline Champion Corp		9,075,282
	745,200	*	Sonos, Inc		10,224,144
	357,000		Steven Madden Ltd		13,765,920
			TOTAL CONSUMER DURABLES & APPAREL		63,864,716
CONSUMER SERVICES - 3.6%
	341,300	*	Adtalem Global Education, Inc		11,778,263
	119,100	*	American Public Education, Inc		2,838,153
	223,300		BBX Capital Corp		866,404
	5,200	*	Biglari Holdings, Inc (B Shares)		564,096
	48,400		Carriage Services, Inc		1,145,628
	346,900	*	Chegg, Inc		14,302,687
	66,944		Collectors Universe		1,644,145
	180,700	*	Houghton Mifflin Harcourt Co		997,464
	252,300	*	K12, Inc		4,072,122
	141,700	*	Lindblad Expeditions Holdings, Inc		2,336,633
	122,000	*	Noodles & Co		871,080
	520,319	*	Perdoceo Education Corp		9,251,272
	271,412	*	PlayAGS, Inc		2,790,115
	400,500	*	Scientific Games Corp (Class A)		9,948,420
	131,100	*	Select Interior Concepts Inc		1,082,886
	303,294		Texas Roadhouse, Inc (Class A)		18,955,875
	346,100	*	WW International Inc		11,414,378
			TOTAL CONSUMER SERVICES		94,859,621
DIVERSIFIED FINANCIALS - 3.0%
	331,871	e	Arlington Asset Investment Corp (Class A)		1,885,028
	346,600	*	Blucora, Inc		7,815,830
	595,000		Brightsphere Investment Group, Inc		5,479,950
	270,500	*	Cowen Group, Inc		4,346,935
	92,300	*	Curo Group Holdings Corp		960,843
	244,800	*,e	Encore Capital Group, Inc		8,310,960
	236,633	*	Enova International, Inc		5,930,023
	443,500	*	Ezcorp, Inc (Class A)		2,758,570
	814,500		FGL Holdings		7,859,925

44

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	168,200		Moelis & Co	$	6,055,200
	157,800		Sculptor Capital Management, Inc		3,619,932
	340,226		Stifel Financial Corp		22,009,220
	14,509		Virtus Investment Partners, Inc		1,785,042
			TOTAL DIVERSIFIED FINANCIALS		78,817,458
ENERGY - 3.8%
	536,846		Berry Petroleum Co LLC		3,677,395
	300,200		Brigham Minerals, Inc		5,106,402
	283,512		Delek US Holdings, Inc		7,785,240
	18,200	*	Dorian LPG Ltd		238,784
	133,320		Evolution Petroleum Corp		671,933
	285,648	*	Exterran Corp		1,542,499
	197,300	e	Falcon Minerals Corp		1,085,150
	583,000	e	Green Plains Inc		7,270,010
	218,300	e	Liberty Oilfield Services, Inc		1,851,184
	154,953	*	Matrix Service Co		3,117,654
	64,500	*	Natural Gas Services Group, Inc		678,540
	2,356,815	*	NexTier Oilfield Solutions, Inc		12,137,597
	338,739	*	Par Pacific Holdings, Inc		6,815,429
	84,151		Peabody Energy Corp		568,861
	1,170,773	*	ProPetro Holding Corp		11,403,329
	576,169	*,e	Renewable Energy Group, Inc		15,141,721
	524,235	*	SandRidge Energy, Inc		1,336,799
	211,402	*,e	Talos Energy, Inc		4,638,160
	290,006	*,e	Tellurian, Inc		2,035,842
	365,700		World Fuel Services Corp		14,306,184
			TOTAL ENERGY		101,408,713
FOOD & STAPLES RETAILING - 1.0%
	229,500		Andersons, Inc		5,191,290
	119,447		Natural Grocers by Vitamin C		1,080,995
	400,100	*	Performance Food Group Co		20,721,179
			TOTAL FOOD & STAPLES RETAILING		26,993,464
FOOD, BEVERAGE & TOBACCO - 2.2%
	59,100	*	Boston Beer Co, Inc (Class A)		21,062,058
	117,500	e	Calavo Growers, Inc		9,001,675
	7,600		Coca-Cola Consolidated Inc		2,058,156
	440,500	*	Hostess Brands, Inc		5,911,510
	57,505		Lancaster Colony Corp		8,893,148
	501,600	*	Simply Good Foods Co		11,521,752
			TOTAL FOOD, BEVERAGE & TOBACCO		58,448,299
HEALTH CARE EQUIPMENT & SERVICES - 6.4%
	225,000	*	Angiodynamics, Inc		3,098,250
	120,500	*	AtriCure, Inc		4,687,450
	35,700		Computer Programs & Systems, Inc		928,200
	162,200		Conmed Corp		16,492,496
	66,200	*	Cross Country Healthcare, Inc		655,380
	84,500		Ensign Group, Inc		3,819,400
	152,570	*	Hanger Inc		3,727,285
	126,600		HealthStream, Inc		3,234,630

45

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	637,400	*	HMS Holdings Corp	$	17,413,768
	393,955	*	Inovalon Holdings, Inc		7,981,528
	260,100	*	Integer Holding Corp		22,212,540
	279,500		Invacare Corp		2,149,355
	41,729	*,e	iRadimed Corp		1,064,090
	460,200	*	Lantheus Holdings, Inc		8,058,102
	86,674	*	LivaNova plc		5,891,232
	28,300	*	Magellan Health Services, Inc		2,071,843
	311,100		Meridian Bioscience, Inc		3,061,224
	60,900	*	Natus Medical, Inc		1,905,561
	270,100	*	NuVasive, Inc		20,830,112
	221,700	*	Orthofix Medical Inc		9,590,742
	265,748	*	Pennant Group, Inc		7,015,747
	605,100	*	Select Medical Holdings Corp		13,820,484
	37,600	*	Tandem Diabetes Care, Inc		2,859,104
	234,900	*	Tenet Healthcare Corp		7,432,236
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		170,000,759
HOUSEHOLD & PERSONAL PRODUCTS - 0.5%
	457,200	*	elf Beauty, Inc		7,168,896
	59,900	*	Lifevantage Corp		981,162
	83,760	*	USANA Health Sciences, Inc		5,167,992
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		13,318,050
INSURANCE - 1.7%
	152,400		Amerisafe, Inc		10,427,208
	123,000		Employers Holdings, Inc		5,245,950
	41,900		FedNat Holding Co		650,707
	1,844,489	*	Genworth Financial, Inc (Class A)		7,562,405
	141,100	*,e	Health Insurance Innovations, Inc		3,242,478
	121,859		Heritage Insurance Holdings, Inc		1,469,619
	130,100		James River Group Holdings Ltd		5,586,494
	445,218	*	Third Point Reinsurance Ltd		4,848,424
	89,200		United Insurance Holdings Corp		904,488
	260,276		Universal Insurance Holdings, Inc		6,335,118
			TOTAL INSURANCE		46,272,891
MATERIALS - 4.4%
	354,700		Boise Cascade Co		12,840,140
	778,700		Commercial Metals Co		16,002,285
	673,900	*,†	Ferroglobe plc		0
	74,200	*	Forterra, Inc		960,890
	670,500	*	Gold Resource Corp		3,687,750
	112,000		Innospec, Inc		11,281,760
	169,400		Materion Corp		9,198,420
	142,700		Myers Industries, Inc		2,308,886
	52,634		Olympic Steel, Inc		773,720
	188,000		PH Glatfelter Co		3,139,600
	465,400		PolyOne Corp		15,441,972
	121,400	*	Ryerson Holding Corp		1,244,350
	114,715		Schnitzer Steel Industries, Inc (Class A)		1,844,617
	105,800		Stepan Co		10,437,170

46

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	727,200	*	Summit Materials, Inc	$	15,976,584
	297,300		Trinseo S.A.		8,538,456
	57,992	*	US Concrete, Inc		2,063,935
			TOTAL MATERIALS		115,740,535
MEDIA & ENTERTAINMENT - 2.5%
	4,907	*	Arcutis Biotherapeutics, Inc		106,973
	66,368	*	Baudax Bio, Inc		555,500
	775	*	Black Diamond Therapeutics, Inc		29,062
	25,500	*,e	Boston Omaha Corp		514,590
	138,009	*	Cardlytics, Inc		11,581,715
	267,829	*	Cargurus, Inc		9,548,104
	378,900	*	Imax Corp		6,267,006
	42,000	*	Liberty Braves Group (Class A)		1,228,500
	161,800	*	Liberty Braves Group (Class C)		4,716,470
	195,400	*	Liberty Latin America Ltd (Class A)		3,259,272
	457,504	*	Liberty TripAdvisor Holdings, Inc		2,694,699
	101,320	*	Reynolds Consumer Products Inc		2,892,686
	52,600		Scholastic Corp		1,733,170
	159,900	*	TechTarget, Inc		4,059,861
	290,700	*	WideOpenWest, Inc		1,962,225
	427,200	*	Yelp, Inc		13,926,720
			TOTAL MEDIA & ENTERTAINMENT		65,076,553
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 11.3%
	27,600	*	89bio, Inc		737,472
	458,400	*	Acadia Pharmaceuticals, Inc		18,308,496
	333,400	*,e	Adamas Pharmaceuticals, Inc		1,713,676
	439,100	*,e	Affimed NV		1,150,442
	920,900	*,e	Akebia Therapeutics, Inc		6,648,898
	155,500	*	Aldeyra Therapeutics, Inc		830,370
	1,596,833	*	Amicus Therapeutics, Inc		14,116,004
	4,917	*	Aprea Therapeutics, Inc		188,518
	103,500	*	Arena Pharmaceuticals, Inc		4,728,915
	195,200	*	Arrowhead Pharmaceuticals Inc		8,180,832
	215,200	*	Arvinas, Inc		10,428,592
	155,900	*	Assembly Biosciences, Inc		2,737,604
	76,400	*	Avid Bioservices, Inc		505,004
	948,400	*	BioDelivery Sciences International, Inc		4,979,100
	117,400	*	Bioxcel Therapeutics Inc		1,945,318
	414,232	*	CareDx, Inc		10,007,845
	178,200	*	ChemoCentryx, Inc		7,559,244
	258,100	*	Chiasma, Inc		1,218,232
	345,400	*	Chimerix, Inc		569,910
	232,879	*	Concert Pharmaceuticals, Inc		2,487,148
	44,287	*	Cue Biopharma, Inc		671,834
	387,200	*	Cymabay Therapeutics, Inc		596,288
	369,105	*	CytomX Therapeutics, Inc		2,738,759
	351,763	*	Dermira, Inc		6,665,909
	233,400	*	Dicerna Pharmaceuticals, Inc		4,608,483
	61,700	*	Eiger BioPharmaceuticals, Inc		762,612
	23,938	*	Enanta Pharmaceuticals, Inc		1,233,764
	675,921	*	Fluidigm Corp		2,595,537
	54,700	*	Harpoon Therapeutics, Inc		726,963

47

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	363,800	*	Heron Therapeutics, Inc	$	7,588,868
	101,800	*,e	Intellia Therapeutics, Inc		1,212,438
	306,387	*	Intersect ENT, Inc		7,917,040
	355,300	*	Intra-Cellular Therapies, Inc		8,061,757
	302,859	*	Kadmon Holdings, Inc		1,390,123
	93,300	*,e	Kala Pharmaceuticals, Inc		556,068
	222,595	*	Kura Oncology, Inc		2,613,265
	168,200		Luminex Corp		3,815,617
	426,389	*	MacroGenics, Inc		3,944,098
	72,400	*	Mersana Therapeutics, Inc		488,700
	271,400	*	NanoString Technologies, Inc		7,373,938
	408,900	*	Natera, Inc		14,315,589
	380,700	*	NeoGenomics, Inc		12,269,961
	38,100	*,e	NGM Biopharmaceuticals Inc		616,077
	76,200	*	Osmotica Pharmaceuticals plc		490,728
	171,300	*,e	Paratek Pharmaceuticals, Inc		575,568
	137,852	*,e	Personalis, Inc		1,505,344
	89,500	*	Pfenex, Inc		959,440
	274,650		Phibro Animal Health Corp		6,514,698
	55,900	*	Prothena Corp plc		680,303
	297,300	*	PTC Therapeutics, Inc		15,310,950
	1,016,427	*,e	Puma Biotechnology, Inc		7,989,116
	101,222	*	Quanterix Corp		2,744,128
	29,000	*	Reata Pharmaceuticals, Inc		6,344,910
	235,722	*	Recro Pharma, Inc		3,887,056
	103,938	*	Replimune Group, Inc		1,652,614
	398,589	*	Retrophin, Inc		6,162,186
	236,200	*	Rocket Pharmaceuticals, Inc		4,837,376
	106,563	*	Syneos Health, Inc		6,538,706
	219,700	*	Tricida, Inc		7,746,622
	100,500	*,e	UroGen Pharma Ltd		2,955,705
	559,200	*	Vanda Pharmaceuticals, Inc		7,129,800
	353,500	*	Vericel Corp		5,797,400
	266,906	*	Voyager Therapeutics, Inc		2,943,973
	280,500	*	Zogenix, Inc		14,128,785
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		298,700,716
REAL ESTATE - 9.1%
	217,100		Alexander & Baldwin, Inc		4,745,806
	262,600		American Assets Trust, Inc		11,964,056
	151,900		Armada Hoffler Properties, Inc		2,785,846
	871,076		Ashford Hospitality Trust, Inc		2,142,847
	146,859		Bluerock Residential Growth REIT, Inc		1,694,753
	367,300		CoreCivic, Inc		5,858,435
	1,322,780		DiamondRock Hospitality Co		12,791,282
	196,900		EastGroup Properties, Inc		26,792,183
	526,442		First Industrial Realty Trust, Inc		22,479,073
	809,000		Geo Group, Inc		12,782,200
	428,500		National Storage Affiliates Trust		14,633,275
	890,148		Newmark Group, Inc		10,477,042
	27,300		NexPoint Residential Trust, Inc		1,332,240
	627,000		Piedmont Office Realty Trust, Inc		14,540,130
	472,155		Preferred Apartment Communities, Inc		5,561,986

48

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	143,328		PS Business Parks, Inc	$	24,016,040
	119,200		RMR Group, Inc		5,491,544
	217,100		Ryman Hospitality Properties		18,460,013
	127,699		Saul Centers, Inc		6,305,777
	505,100		STAG Industrial, Inc		16,284,424
	651,200		Summit Hotel Properties, Inc		7,221,808
	755,700		Tanger Factory Outlet Centers, Inc		11,055,891
			TOTAL REAL ESTATE		239,416,651
RETAILING - 4.0%
	262,700	*	1-800-FLOWERS.COM, Inc (Class A)		3,990,413
	136,696		Aaron’s, Inc		8,114,275
	579,900	*	BJ’s Wholesale Club Holdings, Inc		11,899,548
	346,600	*,e	Conn’s, Inc		3,036,216
	304,100	*,e	Funko, Inc		4,570,623
	2,870,300	*	Groupon, Inc		8,266,464
	336,900	*	Hibbett Sports, Inc		8,348,382
	168,531	*	Hudson Ltd		1,848,785
	707,500		Rent-A-Center, Inc		20,609,475
	193,900	e	Shoe Carnival, Inc		6,953,254
	259,700	*	Sleep Number Corp		13,397,923
	91,815	*	Stamps.com, Inc		6,839,299
	213,000	*	Zumiez, Inc		6,639,210
			TOTAL RETAILING		104,513,867
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.0%
	62,000	*	Axcelis Technologies, Inc		1,497,300
	333,700		Brooks Automation, Inc		12,707,296
	105,900	*	Formfactor, Inc		2,680,329
	100,500	*,e	Impinj, Inc		3,234,090
	198,000	*	Inphi Corp		15,040,080
	993,000	*	Lattice Semiconductor Corp		18,469,800
	623,400	*	NeoPhotonics Corp Ltd		4,756,542
	23,600		NVE Corp		1,731,296
	92,400	*	PDF Solutions, Inc		1,456,224
	828,400	*	Rambus, Inc		13,146,708
	202,500	*	Ultra Clean Holdings		4,659,525
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		79,379,190
SOFTWARE & SERVICES - 6.8%
	272,200	*	Benefitfocus, Inc		5,035,700
	222,300	*	Bottomline Technologies, Inc		11,915,280
	140,514	*	Envestnet, Inc		11,082,339
	709,927	*	Everi Holdings, Inc		8,874,088
	203,886		Mantech International Corp (Class A)		16,367,968
	253,400		NIC, Inc		4,999,582
	658,200		Perspecta, Inc		18,475,674
	251,100		Progress Software Corp		11,332,143
	58,900	*	Rapid7, Inc		3,497,482
	118,000		Science Applications International Corp		10,356,860
	274,600	*	SPS Commerce, Inc		15,605,518
	746,300	*	SVMK, Inc		13,172,195
	734,600	*	Telaria, Inc		7,456,190

49

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	295,400	*	Tenable Holdings, Inc	$	8,049,650
	274,600	*	Upland Software, Inc		10,720,384
	221,300	*	Verint Systems, Inc		12,835,400
	246,400	*	Workiva, Inc		11,208,736
			TOTAL SOFTWARE & SERVICES		180,985,189
TECHNOLOGY HARDWARE & EQUIPMENT - 2.8%
	124,600	*	Agilysys, Inc		4,049,500
	71,900	*	Anixter International, Inc		7,017,440
	98,900	*	CalAmp Corp		951,418
	126,900		Comtech Telecommunications Corp		3,668,679
	41,700	*	ePlus, Inc		3,324,324
	1,053,600	*	Extreme Networks, Inc		6,216,240
	281,000	*	Insight Enterprises, Inc		18,509,470
	46,500	*	OSI Systems, Inc		4,024,110
	268,000	*	Ribbon Communications, Inc		755,760
	436,800	*	Sanmina Corp		13,907,712
	42,900	*	Scansource, Inc		1,496,781
	225,300	*	TTM Technologies, Inc		3,242,067
	274,500		Vishay Intertechnology, Inc		5,569,605
	46,839	*	Vishay Precision Group, Inc		1,617,819
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		74,350,925
TELECOMMUNICATION SERVICES - 0.3%
	297,200	*	Boingo Wireless, Inc		3,340,528
	120,312	*	Cincinnati Bell, Inc		1,649,477
	76,600	*	IDT Corp (Class B)		579,096
	87,263	*,e	Intelsat S.A.		297,567
	85,700	*	Ooma, Inc		1,125,241
	104,400		Spok Holdings, Inc		1,108,728
			TOTAL TELECOMMUNICATION SERVICES		8,100,637
TRANSPORTATION - 1.3%
	230,450		ArcBest Corp		5,141,340
	293,266	*,e	Daseke, Inc		890,062
	119,500		Forward Air Corp		7,821,275
	320,288		Heartland Express, Inc		5,986,183
	231,600	*	Hub Group, Inc (Class A)		12,244,692
	55,800		Marten Transport Ltd		1,158,408
	295,000	*	Radiant Logistics, Inc		1,424,850
			TOTAL TRANSPORTATION		34,666,810
UTILITIES - 2.8%
	319,500		Avista Corp		16,246,575
	79,603		Black Hills Corp		6,609,437
	202,691		Clearway Energy, Inc (Class A)		4,193,677
	450,000	d	Portland General Electric Co		27,675,000
	179,700		Spire, Inc		15,152,304
	54,879		Unitil Corp		3,385,485
			TOTAL UTILITIES		73,262,478
			TOTAL COMMON STOCKS		2,624,012,461
			(Cost $2,408,652,132)

50

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 2.5%
GOVERNMENT AGENCY DEBT - 1.2%
$	30,230,000		Federal Home Loan Bank (FHLB)		1.500	%	02/03/20	$	30,230,000
			TOTAL GOVERNMENT AGENCY DEBT						30,230,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.3%
	35,600,298	c	State Street Navigator Securities Lending Government Money Market Portfolio						35,600,298
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						35,600,298
			TOTAL SHORT-TERM INVESTMENTS						65,830,298
			(Cost $65,827,780)
			TOTAL INVESTMENTS - 101.7%						2,689,842,759
			(Cost $2,474,479,912)
			OTHER ASSETS & LIABILITIES, NET - (1.7)%						(44,142,775	)
			NET ASSETS - 100.0%					$	2,645,699,984

Abbreviation(s):
REIT	Real Estate Investment Trust

*	Non-income producing
†	Security is categorized as Level 3 in the fair value hierarchy.
c	Investments made with cash collateral received from securities on loan.
d	All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $41,890,664.

Futures contracts outstanding as of January 31, 2020 were as follows:

Description	Number of long (short) contracts	Expiration date	Notional amount	Value	Unrealized appreciation (depreciation)
Russell 2000 E Mini Index	200	03/20/20	$     16,796,287	$  16,147,000	$(649,287)

51

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

TIAA-CREF FUNDS

QUANT SMALL/MID-CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.6%
AUTOMOBILES & COMPONENTS - 0.4%
	74,500		Adient plc	$	1,915,395
	42,049	*	Stoneridge, Inc		1,171,485
			TOTAL AUTOMOBILES & COMPONENTS		3,086,880
BANKS - 7.5%
	63,615		Bank of NT Butterfield & Son Ltd		2,113,290
	52,484		BankUnited		1,731,972
	51,804		Berkshire Hills Bancorp, Inc		1,458,283
	32,920		Cathay General Bancorp		1,187,095
	63,698		Central Pacific Financial Corp		1,766,345
	37,696		ConnectOne Bancorp, Inc		890,003
	56,410		Essent Group Ltd		2,798,500
	390,800		First Bancorp		3,622,716
	2,041		First Citizens Bancshares, Inc (Class A)		1,075,240
	66,212		First Hawaiian, Inc		1,924,121
	146,470		First Horizon National Corp		2,343,520
	40,700		Flagstar Bancorp, Inc		1,434,268
	49,597		Great Western Bancorp, Inc		1,465,591
	60,407		Heritage Commerce Corp		700,721
	80,184		Hilltop Holdings, Inc		1,815,366
	14,538		HomeTrust Bancshares, Inc		385,548
	179,126		MGIC Investment Corp		2,470,147
	78,420		National Bank Holdings Corp		2,556,492
	80,378	*	NMI Holdings, Inc		2,565,666
	77,139		OFG Bancorp		1,520,410
	14,539		Peoples Bancorp, Inc		473,099
	69,783		People’s United Financial, Inc		1,076,054
	50,253		Popular, Inc		2,812,158
	38,194		Prosperity Bancshares, Inc		2,681,219
	59,400		Radian Group, Inc		1,454,706
	91,943		TFS Financial Corp		1,878,395
	66,679	*	The Bancorp, Inc		788,813
	23,074		Trico Bancshares		839,894
	37,889		WSFS Financial Corp		1,511,392
	56,164		Zions Bancorporation		2,554,900
			TOTAL BANKS		51,895,924
CAPITAL GOODS - 11.3%
	63,126		Advanced Drainage Systems, Inc		2,624,148
	66,771	*	Aecom Technology Corp		3,220,365
	24,298		Allegion plc		3,142,217
	61,278		Allison Transmission Holdings, Inc		2,708,488
	18,467	*	Astronics Corp		465,368
	98,362	*	Atkore International Group, Inc		3,904,971
	35,939		AZZ, Inc		1,482,843

52

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

SHARES			COMPANY	VALUE
	202,300	*,e	Bloom Energy Corp	$	1,594,124
	105,260	*	BMC Stock Holdings, Inc		3,072,013
	145,037	*	Builders FirstSource, Inc		3,596,192
	12,620		Carlisle Cos, Inc		1,971,623
	22,022		Curtiss-Wright Corp		3,202,660
	52,235		EMCOR Group, Inc		4,292,150
	26,825		EnPro Industries, Inc		1,567,653
	51,378		Federal Signal Corp		1,652,317
	36,059		Flowserve Corp		1,683,234
	84,388	*	Foundation Building Materials, Inc		1,504,638
	62,495	*	GMS, Inc		1,669,866
	75,807		Graco, Inc		4,029,142
	128,858	*	Harsco Corp		1,919,984
	69,522		ITT, Inc		4,663,536
	21,682		Moog, Inc (Class A)		1,942,924
	143,958	*	MRC Global, Inc		1,620,967
	39,792	*	MYR Group, Inc		1,142,826
	34,067		Primoris Services Corp		726,649
	64,369		Quanta Services, Inc		2,520,046
	79,700	*	Rexnord Corp		2,602,205
	23,754		Spirit Aerosystems Holdings, Inc (Class A)		1,551,611
	44,255	*	SPX Corp		2,171,593
	28,518		Systemax, Inc		674,451
	45,811	*	Thermon Group Holdings		1,085,721
	93,495		Universal Forest Products, Inc		4,478,411
	35,830	*	Vectrus, Inc		1,997,523
	18,806		Watts Water Technologies, Inc (Class A)		1,875,146
			TOTAL CAPITAL GOODS		78,357,605
COMMERCIAL & PROFESSIONAL SERVICES - 2.1%
	20,619		Brady Corp (Class A)		1,141,674
	40,036		Insperity, Inc		3,497,945
	73,705		Kforce, Inc		2,730,770
	28,033		Kimball International, Inc (Class B)		526,460
	58,685		Robert Half International, Inc		3,413,707
	37,480	*	SP Plus Corp		1,567,039
	31,282	*	TriNet Group, Inc		1,784,951
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		14,662,546
CONSUMER DURABLES & APPAREL - 3.8%
	9,365	*	Cavco Industries, Inc		2,097,947
	54,758	*	CROCS, Inc		2,075,876
	61,815		Kontoor Brands, Inc		2,357,624
	46,559	*	Malibu Boats, Inc		2,038,819
	166,394		Newell Brands Inc		3,249,675
	757	*	NVR, Inc		2,889,446
	25,659		Polaris Inc		2,356,523
	39,667		Pulte Homes, Inc		1,771,131
	72,700	*	Skechers U.S.A., Inc (Class A)		2,718,253
	101,430		Skyline Champion Corp		2,916,112
	50,760		Steven Madden Ltd		1,957,306
			TOTAL CONSUMER DURABLES & APPAREL		26,428,712

53

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

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 4.1%
	58,704		ARAMARK Holdings Corp	$	2,591,195
	21,962	*	Bright Horizons Family Solutions		3,595,838
	43,164		Dunkin Brands Group, Inc		3,370,677
	111,321		Extended Stay America, Inc		1,438,267
	52,043	*	frontdoor, Inc		2,215,991
	65,423	*	Hilton Grand Vacations, Inc		2,087,648
	55,407	*	K12, Inc		894,269
	80,231	*	Perdoceo Education Corp		1,426,507
	34,487	*	Planet Fitness, Inc		2,786,205
	77,421	*	Scientific Games Corp (Class A)		1,923,138
	49,487	*	ServiceMaster Global Holdings, Inc		1,784,006
	13,495		Strategic Education, Inc		2,190,103
	23,856		Wingstop, Inc		2,213,121
			TOTAL CONSUMER SERVICES		28,516,965
DIVERSIFIED FINANCIALS - 5.4%
	77,229		Artisan Partners Asset Management, Inc		2,579,448
	148,471		Brightsphere Investment Group, Inc		1,367,418
	84,681	*	Cannae Holdings, Inc		3,443,129
	24,313		Cohen & Steers, Inc		1,798,676
	22,354		Evercore Inc		1,712,763
	62,000		Federated Investors, Inc (Class B)		2,246,260
	21,807		FirstCash, Inc		1,896,555
	27,221	*	INTL FCStone, Inc		1,297,353
	86,863		Ladder Capital Corp		1,593,936
	133,626		Ladenburg Thalmann Financial Services, Inc		466,355
	64,975		LPL Financial Holdings, Inc		5,986,147
	11,177		MarketAxess Holdings, Inc		3,958,670
	14,792		Morningstar, Inc		2,320,717
	60,664		OneMain Holdings, Inc		2,570,334
	27,000	e	Vanguard Small-Cap ETF		4,382,100
			TOTAL DIVERSIFIED FINANCIALS		37,619,861
ENERGY - 2.3%
	103,733		Archrock, Inc		866,170
	472,271	*	Clean Energy Fuels Corp		1,086,223
	59,138	*	Exterran Corp		319,345
	30,900		Helmerich & Payne, Inc		1,252,995
	331,799		Kosmos Energy Ltd		1,695,493
	290,680	*	NexTier Oilfield Solutions, Inc		1,497,002
	138,145		Parsley Energy, Inc		2,298,733
	40,928		PBF Energy, Inc		1,117,334
	102,849	*	Renewable Energy Group, Inc		2,702,872
	40,238		Scorpio Tankers, Inc		939,155
	63,705		World Fuel Services Corp		2,492,140
			TOTAL ENERGY		16,267,462
FOOD & STAPLES RETAILING - 1.2%
	21,400		Andersons, Inc		484,068
	58,403	*	Performance Food Group Co		3,024,691
	85,037		SpartanNash Co		1,035,751

54

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

SHARES			COMPANY	VALUE
	94,661	*	US Foods Holding Corp	$	3,802,532
			TOTAL FOOD & STAPLES RETAILING		8,347,042
FOOD, BEVERAGE & TOBACCO - 1.1%
	36,544	*	Freshpet, Inc		2,297,887
	111,869	*	Hostess Brands, Inc		1,501,282
	30,145		Ingredion, Inc		2,652,760
	58,020	*	Simply Good Foods Co		1,332,719
			TOTAL FOOD, BEVERAGE & TOBACCO		7,784,648
HEALTH CARE EQUIPMENT & SERVICES - 5.8%
	8,933	*	DexCom, Inc		2,150,620
	58,746		Encompass Health Corp		4,525,204
	34,244		Hill-Rom Holdings, Inc		3,646,644
	14,137	*	Insulet Corp		2,743,143
	26,234	*	Integer Holding Corp		2,240,384
	33,240	*	Integra LifeSciences Holdings Corp		1,829,530
	29,158	*	Molina Healthcare, Inc		3,585,559
	22,506	*	Nevro Corp		2,991,272
	19,705	*	Orthofix Medical Inc		852,438
	49,100	*,e	Progyny, Inc		1,364,980
	37,478	*	Providence Service Corp		2,430,448
	79,407	*	Select Medical Holdings Corp		1,813,656
	27,894	*	Silk Road Medical Inc		1,298,187
	26,008		STERIS plc		3,919,145
	33,629	*	Tactile Systems Technology, Inc		1,889,614
	29,838	*	Tandem Diabetes Care, Inc		2,268,882
	7,004	*	Veeva Systems, Inc		1,026,856
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		40,576,562
HOUSEHOLD & PERSONAL PRODUCTS - 0.3%
	83,516	*	elf Beauty, Inc		1,309,531
	7,500		Medifast, Inc		724,725
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		2,034,256
INSURANCE - 4.4%
	83,159		American Equity Investment Life Holding Co		2,196,229
	30,824		American Financial Group, Inc		3,353,343
	11,469		Assurant, Inc		1,497,393
	48,985		Assured Guaranty Ltd		2,245,472
	48,204		Axis Capital Holdings Ltd		3,097,107
	68,500	*	Brighthouse Financial, Inc		2,664,650
	39,849		First American Financial Corp		2,469,841
	30,713		Kemper Corp		2,285,662
	33,431		Mercury General Corp		1,641,128
	49,436		ProAssurance Corp		1,501,371
	30,324		Selective Insurance Group, Inc		2,008,965
	46,600		W.R. Berkley Corp		3,426,498
	2,319		White Mountains Insurance Group Ltd		2,590,833
			TOTAL INSURANCE		30,978,492
MATERIALS - 5.7%
	68,058	*	Alcoa Corp		949,409

55

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

SHARES			COMPANY	VALUE
	21,737		American Vanguard Corp	$	406,047
	17,264		Avery Dennison Corp		2,265,727
	105,192	*	Axalta Coating Systems Ltd		3,030,582
	64,867		Boise Cascade Co		2,348,186
	29,687		Carpenter Technology Corp		1,179,761
	80,767		CF Industries Holdings, Inc		3,253,295
	91,653		Commercial Metals Co		1,883,469
	154,245		Graphic Packaging Holding Co		2,410,849
	565,800		Hecla Mining Co		1,714,374
	17,618		Innospec, Inc		1,774,661
	31,199		Materion Corp		1,694,106
	74,838		PolyOne Corp		2,483,125
	31,267		Reliance Steel & Aluminum Co		3,589,452
	9,615		Royal Gold, Inc		1,108,802
	21,382		Scotts Miracle-Gro Co (Class A)		2,624,427
	77,949		Silgan Holdings, Inc		2,405,506
	41,397		Steel Dynamics, Inc		1,236,942
	77,300	*	Summit Materials, Inc		1,698,281
	29,061		WR Grace and Co		1,957,549
			TOTAL MATERIALS		40,014,550
MEDIA & ENTERTAINMENT - 1.6%
	30,720	*	AMC Networks, Inc		1,124,045
	22,200	*	Cardlytics, Inc		1,863,024
	33,100	*	GCI Liberty, Inc		2,422,258
	75,613	*	Liberty Latin America Ltd (Class A)		1,261,225
	74,061	*	Liberty Media Group (Class C)		3,465,314
	126,534	*	Liberty TripAdvisor Holdings, Inc		745,285
			TOTAL MEDIA & ENTERTAINMENT		10,881,151
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.8%
	58,319	*	Acadia Pharmaceuticals, Inc		2,329,261
	36,100	*	Agios Pharmaceuticals, Inc		1,759,153
	187,377	*	Akebia Therapeutics, Inc		1,352,862
	61,000	*	Alkermes plc		1,062,010
	7,605	*	Alnylam Pharmaceuticals, Inc		872,978
	87,258	*,e	AMAG Pharmaceuticals, Inc		773,106
	162,859	*	Amicus Therapeutics, Inc		1,439,674
	10,809	*	ANI Pharmaceuticals, Inc		670,158
	9,809	*	Bio-Rad Laboratories, Inc (Class A)		3,540,264
	8,452		Bio-Techne Corp		1,774,667
	10,757	*	Bluebird Bio, Inc		857,225
	75,547		Bruker BioSciences Corp		3,737,310
	16,722	*	Charles River Laboratories International, Inc		2,584,887
	71,500	*,e	Flexion Therapeutics, Inc		1,252,680
	137,404	*	Halozyme Therapeutics, Inc		2,607,928
	91,611	*	Horizon Therapeutics Plc		3,159,663
	16,328	*	Jazz Pharmaceuticals plc		2,340,619
	40,043	*	Natera, Inc		1,401,905
	29,613	*	Neurocrine Biosciences, Inc		2,963,669
	38,474	*	Pacira BioSciences Inc		1,662,846
	33,349		Phibro Animal Health Corp		791,038
	28,380	*	PRA Health Sciences, Inc		2,875,178

56

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

SHARES			COMPANY	VALUE
	67,549	*	Radius Health, Inc	$	1,186,160
	20,396	*	Sarepta Therapeutics, Inc		2,365,120
	41,268	*	Seattle Genetics, Inc		4,473,039
	87,500	*	TG Therapeutics, Inc		1,243,375
	22,211	*	United Therapeutics Corp		2,169,348
	33,143	*	Veracyte, Inc		870,004
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		54,116,127
REAL ESTATE - 10.4%
	49,860		Acadia Realty Trust		1,237,525
	75,713		Alexander & Baldwin, Inc		1,655,086
	61,932		American Campus Communities, Inc		2,840,821
	55,886		Apartment Investment & Management Co		2,945,751
	45,695		Camden Property Trust		5,137,489
	118,914		Columbia Property Trust, Inc		2,509,085
	94,471		CoreCivic, Inc		1,506,812
	68,603		Douglas Emmett, Inc		2,847,024
	93,223		Duke Realty Corp		3,384,927
	49,721		Equity Commonwealth		1,630,352
	63,796		Equity Lifestyle Properties, Inc		4,641,159
	35,057		First Industrial Realty Trust, Inc		1,496,934
	78,532		Gaming and Leisure Properties, Inc		3,711,030
	49,022		Getty Realty Corp		1,545,173
	54,600		Healthcare Realty Trust, Inc		1,968,876
	61,620		Hudson Pacific Properties		2,239,271
	84,298		Kennedy-Wilson Holdings, Inc		1,817,465
	22,400		Life Storage, Inc		2,535,232
	41,522		Mack-Cali Realty Corp		911,823
	74,757		Medical Properties Trust, Inc		1,655,868
	31,113		NexPoint Residential Trust, Inc		1,518,314
	103,617		Outfront Media, Inc		3,081,570
	127,800		Paramount Group, Inc		1,796,868
	107,500		Physicians Realty Trust		2,080,125
	5,295		PS Business Parks, Inc		887,230
	209,944		Retail Properties of America, Inc		2,550,820
	15,212		RMR Group, Inc		700,817
	95,900		Sabra Healthcare REIT, Inc		2,061,850
	72,629		STAG Industrial, Inc		2,341,559
	31,968		Sun Communities, Inc		5,184,250
	65,605		Weingarten Realty Investors		1,909,106
			TOTAL REAL ESTATE		72,330,212
RETAILING - 2.8%
	13,218	*	Burlington Stores, Inc		2,874,518
	11,065	*	Carvana Co		876,901
	49,712		Citi Trends, Inc		1,157,792
	83,068		Core-Mark Holding Co, Inc		1,947,114
	63,318	*	Lands’ End, Inc		737,655
	33,900	*	National Vision Holdings, Inc		1,156,668
	13,777		Pool Corp		3,021,296
	11,418	*,e	RH		2,383,508
	32,252	*	Sleep Number Corp		1,663,881
	49,957		Sonic Automotive, Inc (Class A)		1,580,140
	61,337	*	Zumiez, Inc		1,911,874
			TOTAL RETAILING		19,311,347

57

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

SHARES			COMPANY	VALUE
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.8%
	51,013	*	Advanced Micro Devices, Inc	$	2,397,611
	45,600		Brooks Automation, Inc		1,736,448
	49,274	*,e	Impinj, Inc		1,585,637
	111,888	*	Lattice Semiconductor Corp		2,081,117
	65,539		Marvell Technology Group Ltd		1,575,558
	284,268	*	NeoPhotonics Corp Ltd		2,168,965
	69,979		Teradyne, Inc		4,617,914
	17,981		Universal Display Corp		3,167,713
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		19,330,963
SOFTWARE & SERVICES - 9.9%
	60,651	*	A10 Networks, Inc		413,033
	55,011		Amdocs Ltd		3,958,042
	40,335	*	Anaplan, Inc		2,322,893
	33,240	*	Avalara, Inc		2,830,054
	37,948	*	Black Knight, Inc		2,539,480
	45,681		Booz Allen Hamilton Holding Co		3,564,945
	12,359	*	CACI International, Inc (Class A)		3,305,291
	20,500	*	Cornerstone OnDemand, Inc		1,205,400
	25,950	*	Elastic NV		1,683,636
	199,334	*	Everi Holdings, Inc		2,491,675
	57,629		EVERTEC, Inc		1,934,605
	39,249	*	Five9, Inc		2,815,331
	87,699		Genpact Ltd		3,882,435
	39,728		Hackett Group, Inc		613,996
	209,374	*	Limelight Networks, Inc		1,044,776
	74,347	*	Model N, Inc		2,318,883
	79,100	*	Nutanix, Inc		2,568,377
	22,336	*	Paylocity Holding Corp		3,169,255
	38,583		Pegasystems, Inc		3,326,240
	118,711		Perspecta, Inc		3,332,218
	56,549		Progress Software Corp		2,552,056
	23,120	*	RingCentral, Inc		4,753,010
	126,052		Sabre Corp		2,715,160
	48,079	*	SPS Commerce, Inc		2,732,330
	90,086	*	SVMK, Inc		1,590,018
	19,011	*	Trade Desk, Inc		5,117,381
			TOTAL SOFTWARE & SERVICES		68,780,520
TECHNOLOGY HARDWARE & EQUIPMENT - 4.1%
	63,812		Avnet, Inc		2,328,500
	74,936	*	Ciena Corp		3,047,647
	115,800	*	Diebold, Inc		1,332,858
	154,492	*	Harmonic, Inc		1,086,851
	41,851	*	Insight Enterprises, Inc		2,756,725
	37,711	*	Itron, Inc		3,082,874
	98,903		Jabil Inc		3,846,338
	86,417	*	Knowles Corp		1,705,007
	26,339		MTS Systems Corp		1,335,124
	65,969		National Instruments Corp		2,944,197

58

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

SHARES			COMPANY	VALUE
	67,322	*	Sanmina Corp	$	2,143,533
	23,132		Synnex Corp		3,186,664
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		28,796,318
TELECOMMUNICATION SERVICES - 0.5%
	94,692	*	Zayo Group Holdings, Inc		3,290,547
			TOTAL TELECOMMUNICATION SERVICES		3,290,547
TRANSPORTATION - 2.0%
	61,661	*	Echo Global Logistics, Inc		1,194,990
	26,419		Forward Air Corp		1,729,124
	79,701	*	Hub Group, Inc (Class A)		4,213,792
	27,155		Landstar System, Inc		3,007,416
	67,499		Marten Transport Ltd		1,401,279
	122,783	*	Radiant Logistics, Inc		593,042
	35,832		Skywest, Inc		1,976,852
			TOTAL TRANSPORTATION		14,116,495
UTILITIES - 2.3%
	73,373		Clearway Energy, Inc (Class A)		1,518,087
	105,551		NRG Energy, Inc		3,893,776
	26,203		ONE Gas, Inc		2,476,184
	49,368		Portland General Electric Co		3,036,132
	50,000		TerraForm Power, Inc		904,500
	194,300		Vistra Energy Corp		4,375,636
			TOTAL UTILITIES		16,204,315
			TOTAL COMMON STOCKS		693,729,500
			(Cost $588,710,802)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.5%
GOVERNMENT AGENCY DEBT - 0.2%
$	960,000		Federal Home Loan Bank (FHLB)		1.500	%	02/03/20		960,000
			TOTAL GOVERNMENT AGENCY DEBT						960,000
	SHARES		COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3%
	2,214,549	c	State Street Navigator Securities Lending Government Money Market Portfolio						2,214,549
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						2,214,549
			TOTAL SHORT-TERM INVESTMENTS						3,174,549
			(Cost $3,174,469)
			TOTAL INVESTMENTS - 100.1%						696,904,049
			(Cost $591,885,271)
			OTHER ASSETS & LIABILITIES, NET - (0.1)%						(417,743	)
			NET ASSETS - 100.0%					$	696,486,306

59

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

ETF      Exchange Traded Fund

REIT    Real Estate Investment Trust

*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $6,348,931.

60

TIAA-CREF FUNDS - Social Choice Equity Fund

TIAA-CREF FUNDS
SOCIAL CHOICE EQUITY FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.2%
AUTOMOBILES & COMPONENTS - 0.7%
	55,976		Aptiv plc	$	4,746,205
	12,746		BorgWarner, Inc		437,060
	28,338	*	Cooper-Standard Holding, Inc		751,524
	66,583		Harley-Davidson, Inc		2,223,872
	74,932	*	Modine Manufacturing Co		526,772
	86,264		Tenneco, Inc		816,920
	41,017	*	Tesla, Inc		26,684,430
			TOTAL AUTOMOBILES & COMPONENTS		36,186,783
BANKS - 4.8%
	1,694		Ameris Bancorp		68,082
	26,689		Associated Banc-Corp		531,912
	47,422		Bank OZK		1,288,930
	3,518		Banner Corp		181,353
	17,500		Berkshire Hills Bancorp, Inc		492,625
	6,267		Brookline Bancorp, Inc		95,258
	8,221		Bryn Mawr Bank Corp		308,452
	1,799		Cadence BanCorp		28,118
	3,985		Camden National Corp		188,331
	645,776		Citigroup, Inc		48,052,192
	402,083		Citizens Financial Group, Inc		14,989,654
	440		Columbia Banking System, Inc		17,028
	108,335		Comerica, Inc		6,625,769
	337		Commerce Bancshares, Inc		22,801
	1,572		Community Trust Bancorp, Inc		68,775
	3,270		Cullen/Frost Bankers, Inc		291,553
	46,110	*	Customers Bancorp, Inc		985,832
	8,730	*	Equity Bancshares, Inc		234,488
	12,542		Federal Agricultural Mortgage Corp (Class C)		956,955
	288,180		Fifth Third Bancorp		8,198,721
	10,587		First Busey Corp		269,969
	5,480		First Financial Corp		228,680
	44,108		First Republic Bank		4,890,695
	1,130		FNB Corp		13,187
	540		Glacier Bancorp, Inc		22,880
	1,279		Hancock Whitney Corp		50,828
	37,292		Hanmi Financial Corp		627,252
	8,920		Heartland Financial USA, Inc		436,277
	3,902		Heritage Financial Corp		100,594
	19,184	*	HomeStreet, Inc		615,998
	13,122		HomeTrust Bancshares, Inc		347,995
	285,811		Huntington Bancshares, Inc		3,878,455
	5,708		Investors Bancorp, Inc		68,981
	15,606		Kearny Financial Corp		192,734
	613,332		Keycorp		11,475,442

61

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	24,031		Live Oak Bancshares, Inc	$	420,062
	90,129		M&T Bank Corp		15,188,539
	17,553		MGIC Investment Corp		242,056
	15,374	*	Mr Cooper Group, Inc		190,330
	11,344		National Bank Holdings Corp		369,814
	310		NBT Bancorp, Inc		11,715
	69,768		New York Community Bancorp, Inc		771,634
	22,664		Northfield Bancorp, Inc		360,131
	29,937		OFG Bancorp		590,058
	7,838		Old National Bancorp		140,379
	37,037		Opus Bank		986,481
	16,485		PacWest Bancorp		577,799
	982		People’s United Financial, Inc		15,142
	53,702		Pinnacle Financial Partners, Inc		3,171,640
	221,976		PNC Financial Services Group, Inc		32,974,535
	682,855		Regions Financial Corp		10,632,052
	5,811		Signature Bank		824,523
	6,239		Sterling Bancorp/DE		124,780
	12,826		Stock Yards Bancorp, Inc		496,879
	19,485	*	SVB Financial Group		4,682,830
	1,879	*	Texas Capital Bancshares, Inc		103,270
	10,055		TFS Financial Corp		205,424
	17,614	*	The Bancorp, Inc		208,374
	3,796		Trico Bancshares		138,174
	31,975	*	Tristate Capital Holdings, Inc		735,105
	360,132		Truist Financial Corp		18,572,007
	350		Trustmark Corp		11,193
	2,167		UMB Financial Corp		144,019
	650		Umpqua Holdings Corp		10,985
	3,046		United Bankshares, Inc		104,478
	10,303		Univest Financial Corp		255,927
	621,869		US Bancorp		33,095,868
	3,230		Webster Financial Corp		144,898
	4,508		WesBanco, Inc		149,305
	1,553		Westamerica Bancorporation		98,398
	13,557		Western Alliance Bancorp		748,753
	230		Wintrust Financial Corp		14,554
	684		WSFS Financial Corp		27,285
	55,123		Zions Bancorporation		2,507,545
			TOTAL BANKS		236,893,737
CAPITAL GOODS - 6.8%
	213,347		3M Co		33,849,635
	954		Acuity Brands, Inc		112,448
	16,472	*	Aegion Corp		344,265
	32,009		Aircastle Ltd		1,027,169
	23,720		Argan, Inc		998,849
	40,971	*	Astronics Corp		1,032,469
	63,513	*	Axon Enterprise, Inc		4,878,434
	46,198		Barnes Group, Inc		2,918,328
	419	*	Beacon Roofing Supply, Inc		13,873
	68,472		Briggs & Stratton Corp		251,292
	46,759	*	Builders FirstSource, Inc		1,159,389
	17,565		Carlisle Cos, Inc		2,744,180

62

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	186,879		Caterpillar, Inc	$	24,546,557
	1,817		Cubic Corp		118,632
	35,835		Cummins, Inc		5,732,525
	72,422		Curtiss-Wright Corp		10,532,331
	99,550		Deere & Co		15,786,639
	16,298		Dover Corp		1,855,527
	198,642		Eaton Corp		18,765,710
	1,365		EMCOR Group, Inc		112,162
	119,034		Fastenal Co		4,151,906
	99,730		Fortive Corp		7,472,769
	300		GATX Corp		22,839
	245	e	Granite Construction, Inc		6,647
	66,678		HEICO Corp		8,163,388
	130,506		HEICO Corp (Class A)		12,548,152
	28,146	*	Herc Holdings, Inc		1,129,217
	84,923		Hexcel Corp		6,302,985
	1,801		IDEX Corp		295,094
	160,575		Illinois Tool Works, Inc		28,097,414
	69,059		Ingersoll-Rand plc		9,200,731
	317,614		Johnson Controls International plc		12,529,872
	25,825	*	Lydall, Inc		527,863
	171,085		Masco Corp		8,129,959
	87,665	*	Mercury Systems, Inc		6,728,289
	23,535		Moog, Inc (Class A)		2,108,971
	3,829	*	MYR Group, Inc		109,969
	6,412		Owens Corning, Inc		387,862
	116,288		PACCAR, Inc		8,629,732
	47,521		Parker-Hannifin Corp		9,299,384
	96,651	*,e	Plug Power, Inc		373,556
	46,206		Quanta Services, Inc		1,808,965
	37,955		Rockwell Automation, Inc		7,274,455
	36,980		Roper Technologies Inc		14,113,787
	2,611		Rush Enterprises, Inc (Class A)		112,273
	20,258	*	Sensata Technologies Holding plc		957,596
	9,292		Snap-On, Inc		1,483,282
	175,962		Spirit Aerosystems Holdings, Inc (Class A)		11,493,838
	18,065		Stanley Black & Decker, Inc		2,878,296
	20,285	*	Titan Machinery, Inc		247,680
	45,307		TransDigm Group, Inc		29,145,087
	19,636	*	Trimas Corp		564,142
	30,230	*	United Rentals, Inc		4,101,909
	13,236		W.W. Grainger, Inc		4,006,140
	1,174		Wabash National Corp		13,618
	1,565	*	WABCO Holdings, Inc		212,292
	1,355	*	WESCO International, Inc		65,596
	36,655		Woodward Inc		4,263,343
	36,530		Xylem, Inc		2,983,040
			TOTAL CAPITAL GOODS		338,722,352
COMMERCIAL & PROFESSIONAL SERVICES - 1.3%
	540		ABM Industries, Inc		20,596
	9,872		ACCO Brands Corp		85,294
	970	*	ASGN Inc		65,659
	3,342		Cintas Corp		932,318

63

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	23,798	*	Copart, Inc	$	2,414,545
	650		Covanta Holding Corp		9,737
	4,232		Exponent, Inc		307,963
	4,282		Heidrick & Struggles International, Inc		121,694
	8,866	*	Huron Consulting Group, Inc		574,605
	4,156		ICF International, Inc		364,024
	262,982	*	IHS Markit Ltd		20,738,761
	12,692		Insperity, Inc		1,108,900
	12,845		Kelly Services, Inc (Class A)		228,127
	5,758		Kimball International, Inc (Class B)		108,135
	590		Knoll, Inc		14,608
	10,228		Manpower, Inc		935,760
	22,070	*	Mistras Group, Inc		244,315
	430		Mobile Mini, Inc		17,948
	4,735		Nielsen NV		96,594
	39,339		Quad Graphics, Inc		167,191
	19,611		Resources Connection, Inc		298,578
	52,605		Robert Half International, Inc		3,060,033
	1,210		Steelcase, Inc (Class A)		22,518
	33,675	*	Team, Inc		457,980
	120,100		TransUnion		11,013,170
	2,825	*	TriNet Group, Inc		161,195
	14,026		Verisk Analytics, Inc		2,278,804
	2,208		Viad Corp		143,520
	145,676		Waste Management, Inc		17,728,769
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		63,721,341
CONSUMER DURABLES & APPAREL - 1.3%
	13,930		Callaway Golf Co		298,381
	595	*	Capri Holdings Ltd		17,826
	22,010	*	Century Communities, Inc		653,037
	396		Columbia Sportswear Co		37,192
	490		Ethan Allen Interiors, Inc		7,913
	78,364	*	Fossil Group, Inc		527,390
	9,306	*	Green Brick Partners, Inc		107,856
	258		Hasbro, Inc		26,282
	2,202	*	Helen of Troy Ltd		416,288
	17,251		Hooker Furniture Corp		425,065
	12,394	*,e	iRobot Corp		583,138
	10,411	*	LGI Homes, Inc		830,173
	12,186	*	Lululemon Athletica, Inc		2,917,207
	7,028	*	Meritage Homes Corp		498,707
	17,259	*	Mohawk Industries, Inc		2,272,665
	1,458		Movado Group, Inc		25,107
	82,480		Newell Brands Inc		1,610,834
	392,949		Nike, Inc (Class B)		37,840,989
	2,047	*	NVR, Inc		7,813,338
	15,981		Pulte Homes, Inc		713,552
	1,614		PVH Corp		140,692
	80,428	*	Under Armour, Inc (Class A)		1,623,037
	4,706	*	Unifi, Inc		101,273
	74,386		VF Corp		6,171,806
			TOTAL CONSUMER DURABLES & APPAREL		65,659,748

64

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 2.2%
	26,652	*	American Public Education, Inc	$	635,117
	93,565		BBX Capital Corp		363,032
	30,288	*	Bright Horizons Family Solutions		4,959,054
	27,978		Carriage Services, Inc		662,239
	12,175	*	Chipotle Mexican Grill, Inc (Class A)		10,552,803
	34,975		Choice Hotels International, Inc		3,504,495
	33,819		Darden Restaurants, Inc		3,937,546
	320		Dine Brands Global Inc.		27,280
	3,953		Domino’s Pizza, Inc		1,113,758
	36,071	*	El Pollo Loco Holdings, Inc		497,058
	12,999	*	frontdoor, Inc		553,497
	1,438		Graham Holdings Co		789,778
	151,991		Hilton Worldwide Holdings, Inc		16,384,630
	176,659	*	Houghton Mifflin Harcourt Co		975,158
	17,475		Marriott Vacations Worldwide Corp		2,101,194
	81,138	*	Norwegian Cruise Line Holdings Ltd		4,369,281
	22,069	*	Red Robin Gourmet Burgers, Inc		725,408
	48,242	*	Regis Corp		748,716
	76,543		Royal Caribbean Cruises Ltd		8,961,655
	79,942		Service Corp International		3,833,219
	25,999	*	ServiceMaster Global Holdings, Inc		937,264
	3,350		Six Flags Entertainment Corp		127,736
	452,831		Starbucks Corp		38,413,654
	9,266		Vail Resorts, Inc		2,172,970
	13,138	*	WW International Inc		433,291
			TOTAL CONSUMER SERVICES		107,779,833
DIVERSIFIED FINANCIALS - 6.1%
	58,449		Ally Financial, Inc		1,872,121
	255,222		American Express Co		33,145,681
	26,292		Ameriprise Financial, Inc		4,348,960
	359,835		Bank of New York Mellon Corp		16,113,411
	49,759		BlackRock, Inc		26,240,409
	105,054		Capstead Mortgage Corp		863,544
	426,206		Charles Schwab Corp		19,413,683
	90,791		Chimera Investment Corp		1,924,769
	137,585		CME Group, Inc		29,871,079
	280		Cohen & Steers, Inc		20,714
	182,870		Discover Financial Services		13,739,023
	26,410		E*TRADE Financial Corp		1,125,594
	8,872		Factset Research Systems, Inc		2,538,368
	77,683		Franklin Resources, Inc		1,965,380
	9,333	*	Green Dot Corp		280,737
	341,433		IntercontinentalExchange Group, Inc		34,054,528
	165,102		Invesco Ltd		2,856,265
	4,700		Invesco Mortgage Capital, Inc		82,203
	24,238		Legg Mason, Inc		948,918
	42,240		Moody’s Corp		10,846,810
	607,957		Morgan Stanley		31,771,833
	22,879		Nasdaq Inc		2,664,488
	14,006	*,†	NewStar Financial, Inc		3,382
	119,931		Northern Trust Corp		11,730,451
	86,595	*	On Deck Capital, Inc		353,308

65

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	5,668	*	PRA Group, Inc	$	200,421
	31,561		Redwood Trust, Inc		556,420
	119,778		S&P Global, Inc		35,182,392
	123,600		State Street Corp		9,347,868
	52,574		T Rowe Price Group, Inc		7,020,206
	25,591		Voya Financial, Inc		1,528,550
			TOTAL DIVERSIFIED FINANCIALS		302,611,516
ENERGY - 3.7%
	147,313		Apache Corp		4,042,269
	191,531		Baker Hughes a GE Co		4,148,561
	43,112	*,e	California Resources Corp		316,442
	293,856	*	Callon Petroleum Co		881,568
	240,499		Chevron Corp		25,767,063
	12,907		Cimarex Energy Co		566,488
	521,862		ConocoPhillips		31,014,258
	2,207		Delek US Holdings, Inc		60,604
	788,659	*	Denbury Resources, Inc		776,829
	150,700	*	Devon Energy Corp		3,273,204
	99,802		EQT Corp		603,802
	17,193	e	Equitrans Midstream Corp		166,256
	49,289	*	Exterran Corp		266,161
	67,171		Green Plains Inc		837,622
	163,726	*	Gulfport Energy Corp		253,775
	32,275	*	Helix Energy Solutions Group, Inc		269,174
	75,067		Hess Corp		4,246,540
	1,317,161		Kinder Morgan, Inc		27,489,150
	24,707		Kosmos Energy Ltd		126,253
	302,913	*	Laredo Petroleum Holdings, Inc		521,010
	363,636		Marathon Oil Corp		4,134,541
	14,654	*	Matrix Service Co		294,839
	4,184		National Oilwell Varco, Inc		86,232
	58,596	*	Newpark Resources, Inc		292,980
	39,082	*	NexTier Oilfield Solutions, Inc		201,272
	215,508		Noble Energy, Inc		4,260,593
	539,989	*	Oasis Petroleum, Inc		1,214,975
	12,097	*	Oceaneering International, Inc		150,124
	422	*	Oil States International, Inc		4,549
	159,210		ONEOK, Inc		11,920,053
	57,267		Parsley Energy, Inc		952,923
	10,070		PBF Energy, Inc		274,911
	35,259	*	PDC Energy, Inc		761,242
	217,224		QEP Resources Inc		688,600
	171,421	e	Range Resources Corp		514,263
	45,154	*,e	Renewable Energy Group, Inc		1,186,647
	670,405		Schlumberger Ltd		22,465,272
	13,165	*	Select Energy Services, Inc		91,628
	187,821		SM Energy Co		1,724,197
	169,358	*	Southwestern Energy Co		265,892
	16,527	*,e	Tellurian, Inc		116,020
	17,909	*	Tidewater, Inc		271,859
	124,606	e	US Silica Holdings, Inc		640,475
	217,050		Valero Energy Corp		18,299,486
	34,497	*	Whiting Petroleum Corp		156,616

66

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	389,721		Williams Cos, Inc	$	8,063,328
			TOTAL ENERGY		184,660,546
FOOD & STAPLES RETAILING - 0.6%
	35,243		Casey’s General Stores, Inc		5,669,189
	40,533	*	Chefs’ Warehouse Holdings, Inc		1,475,401
	37,095		Pricesmart, Inc		2,272,440
	59,184		SpartanNash Co		720,861
	201,369	*	Sprouts Farmers Market, Inc		3,147,398
	82,492	*	United Natural Foods, Inc		593,942
	373,950	*	US Foods Holding Corp		15,021,572
	14,051		Weis Markets, Inc		515,531
			TOTAL FOOD & STAPLES RETAILING		29,416,334
FOOD, BEVERAGE & TOBACCO - 3.3%
	35,974	*,e	Beyond Meat, Inc		3,972,249
	43,780		Bunge Ltd		2,295,385
	75,680		Campbell Soup Co		3,662,155
	1,008,477		Coca-Cola Co		58,895,057
	16,562	*	Farmer Bros Co		198,413
	35,985		Fresh Del Monte Produce, Inc		1,129,209
	293,327		General Mills, Inc		15,317,536
	3,800	*	Hain Celestial Group, Inc		91,998
	206,505		Hormel Foods Corp		9,759,426
	130,364		Kellogg Co		8,892,129
	35,028		McCormick & Co, Inc		5,722,524
	383,559		PepsiCo, Inc		54,473,049
	6,553	*	TreeHouse Foods, Inc		292,264
			TOTAL FOOD, BEVERAGE & TOBACCO		164,701,394
HEALTH CARE EQUIPMENT & SERVICES - 6.0%
	20,318	*	Abiomed, Inc		3,785,040
	42,465	*	Align Technology, Inc		10,917,751
	108,565	*	Allscripts Healthcare Solutions, Inc		931,488
	59,123	*	Angiodynamics, Inc		814,124
	198,633	*	Antares Pharma, Inc		728,983
	27,438	*	AtriCure, Inc		1,067,338
	26,136	*,e	Axonics Modulation Technologies, Inc		758,728
	27,413	*	BioTelemetry, Inc		1,341,044
	142,328		Cardinal Health, Inc		7,288,617
	21,971	*	Cardiovascular Systems, Inc		997,264
	262,965		Cerner Corp		18,888,776
	238,681	*	Cerus Corp		957,111
	68,573		Cigna Corp		13,192,074
	19,097		Computer Programs & Systems, Inc		496,522
	34,556		Cooper Cos, Inc		11,987,131
	129,702	*	Covetrus, Inc		1,595,334
	17,829	*	Cross Country Healthcare, Inc		176,507
	281,785		CVS Health Corp		19,110,659
	117,217		Dentsply Sirona, Inc		6,564,152
	94,584	*	Diplomat Pharmacy, Inc		376,444
	100,645	*	Edwards Lifesciences Corp		22,127,810
	88,766	*	GenMark Diagnostics, Inc		478,449
	12,520	*	Glaukos Corp		704,250

67

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	33,400	*	Globus Medical, Inc	$	1,746,152
	7,898	*	Haemonetics Corp		848,166
	111,678		HCA Healthcare, Inc		15,500,906
	22,037	*	Henry Schein, Inc		1,519,231
	11,725	*,e	Heska Corp		1,174,728
	24,212		Hill-Rom Holdings, Inc		2,578,336
	10,757	*	HMS Holdings Corp		293,881
	92,217	*	Hologic, Inc		4,935,454
	45,351		Humana, Inc		15,248,820
	43,591	*	IDEXX Laboratories, Inc		11,813,597
	18,829	*	Integer Holding Corp		1,607,996
	41,902	*	Laboratory Corp of America Holdings		7,349,611
	25,670		LeMaitre Vascular, Inc		923,735
	2,380	*	LHC Group, Inc		346,885
	7,921	*	LivaNova plc		538,390
	1,635	*	Magellan Health Services, Inc		119,698
	71,174		Meridian Bioscience, Inc		700,352
	90,554	*	Merit Medical Systems, Inc		3,297,977
	59,613	*	NextGen Healthcare, Inc		826,236
	25,565	*	Omnicell, Inc		2,077,923
	98,521	*	OraSure Technologies, Inc		694,573
	27,664	*	Orthofix Medical Inc		1,196,745
	10,147	*	Penumbra, Inc		1,780,393
	1,887	*	Premier, Inc		65,611
	11,279	*	Providence Service Corp		731,443
	22,904		Quest Diagnostics, Inc		2,534,786
	15,451	*	Quidel Corp		1,186,637
	68,280		Resmed, Inc		10,854,472
	41,276	*	Staar Surgical Co		1,388,525
	27,192		STERIS plc		4,097,562
	17,725	*	Surgery Partners, Inc		299,021
	27,194	*	Tactile Systems Technology, Inc		1,528,031
	22,729	*	Tandem Diabetes Care, Inc		1,728,313
	68,312	*,e	Teladoc, Inc		6,948,013
	36,079	*	Tivity Health, Inc		780,930
	15,438	*,e	Triple-S Management Corp (Class B)		272,017
	193,921		UnitedHealth Group, Inc		52,833,777
	31,883	*	Varian Medical Systems, Inc		4,481,793
	52,629	*	Vocera Communications, Inc		1,159,417
	24,286		West Pharmaceutical Services, Inc		3,787,402
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		297,083,131
HOUSEHOLD & PERSONAL PRODUCTS - 2.2%
	260,833		Colgate-Palmolive Co		19,244,259
	64,627		Estee Lauder Cos (Class A)		12,612,605
	44,443		Kimberly-Clark Corp		6,366,015
	567,401		Procter & Gamble Co		70,709,513
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		108,932,392
INSURANCE - 3.6%
	96,775		Allstate Corp		11,471,709
	458,996		American International Group, Inc		23,069,139
	34,499		Aon plc		7,598,405
	198,853		Chubb Ltd		30,223,667

68

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	27,314		Lincoln National Corp	$	1,488,067
	178,033		Loews Corp		9,159,798
	237,157		Marsh & McLennan Cos, Inc		26,528,382
	46,413		Principal Financial Group		2,457,568
	291,868		Progressive Corp		23,550,829
	268,139		Prudential Financial, Inc		24,416,737
	128,444		Travelers Cos, Inc		16,905,799
	8,317		Willis Towers Watson plc		1,757,299
			TOTAL INSURANCE		178,627,399
MATERIALS - 2.7%
	10,332		Aptargroup, Inc		1,193,449
	161,238		Ball Corp		11,638,159
	78,491	*	Century Aluminum Co		415,217
	27,048	*	Clearwater Paper Corp		762,754
	46,693		Commercial Metals Co		959,541
	1,709		Compass Minerals International, Inc		98,934
	310,343		DuPont de Nemours, Inc		15,883,355
	147,659		Ecolab, Inc		28,957,406
	945		H.B. Fuller Co		43,668
	13,047	e	International Flavors & Fragrances, Inc		1,710,592
	142,736		International Paper Co		5,812,210
	52,964	*	Kraton Corp		871,258
	199,577		Linde plc		40,540,076
	22,260		Louisiana-Pacific Corp		682,937
	10,187		Minerals Technologies, Inc		551,422
	121,472		Mosaic Co		2,410,004
	137,664		Newmont Goldcorp Corp		6,203,140
	205,346		Nucor Corp		9,751,882
	2,337		Reliance Steel & Aluminum Co		268,288
	11,627		Royal Gold, Inc		1,340,826
	4,126		Schnitzer Steel Industries, Inc (Class A)		66,346
	145,000	*	Summit Materials, Inc		3,185,650
	21,681		Trinseo S.A.		622,678
	26,495	*	US Concrete, Inc		942,957
			TOTAL MATERIALS		134,912,749
MEDIA & ENTERTAINMENT - 6.8%
	145,756		Activision Blizzard, Inc		8,523,811
	55,357	*	Alphabet, Inc (Class A)		79,314,403
	55,444	*	Alphabet, Inc (Class C)		79,519,448
	4,721		Cable One, Inc		8,044,726
	104,629		Cinemark Holdings, Inc		3,296,860
	40,660	*	Clear Channel		111,002
	901,474		Comcast Corp (Class A)		38,934,662
	251,707	*,e	Discovery, Inc (Class A)		7,364,947
	380,411	*	Discovery, Inc (Class C)		10,564,014
	53,297	*	Electronic Arts, Inc		5,751,812
	66,194	*	Gray Television, Inc		1,342,414
	75,715	*	Imax Corp		1,252,326
	48,734		John Wiley & Sons, Inc (Class A)		2,125,777
	170,308	*	Liberty Broadband Corp (Class C)		22,639,042
	8,163	*	Loral Space & Communications, Inc		262,604
	37,805		Marcus Corp		1,102,016

69

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	58,591		New York Times Co (Class A)	$	1,875,498
	200,000		Nuveen ESG Large-Cap ETF		5,945,200
	294,588		Omnicom Group, Inc		22,185,422
	123,411	*	Quotient Technology, Inc		1,242,749
	22,514	*	Roku, Inc		2,723,068
	16,894	*	Rosetta Stone, Inc		289,732
	22,635		Scholastic Corp		745,823
	35,450		Sinclair Broadcast Group, Inc (Class A)		1,060,664
	165,148		Sirius XM Holdings, Inc		1,167,596
	12,997	*	Take-Two Interactive Software, Inc		1,619,946
	8,077		TEGNA, Inc		136,501
	79,880		TripAdvisor, Inc		2,182,322
	845,377	*	Twitter, Inc		27,457,845
	29,875	e	World Wrestling Entertainment, Inc (Class A)		1,460,290
			TOTAL MEDIA & ENTERTAINMENT		340,242,520
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.4%
	296,794		AbbVie, Inc		24,046,250
	54,132	*	Acadia Pharmaceuticals, Inc		2,162,032
	11,304	*	Acceleron Pharma, Inc		1,026,177
	35,731	*,e	Aerie Pharmaceuticals, Inc		731,771
	150,551		Agilent Technologies, Inc		12,429,491
	46,854	*	Agios Pharmaceuticals, Inc		2,283,195
	4,706	*,e	Akcea Therapeutics, Inc		81,273
	144,481	*	Akorn, Inc		221,056
	180,747		Amgen, Inc		39,050,389
	41,565	*	AnaptysBio, Inc		603,524
	39,118	*	Assembly Biosciences, Inc		686,912
	42,939	*	Atara Biotherapeutics, Inc		568,083
	7,618	*	Avrobio, Inc		165,539
	153,433	*	BioCryst Pharmaceuticals, Inc		437,284
	56,305	*	Biogen, Inc		15,137,599
	47,040	*	BioMarin Pharmaceutical, Inc		3,927,840
	42,762	*	Bluebird Bio, Inc		3,407,704
	698,280		Bristol-Myers Squibb Co		43,956,726
	7,837	*	Catalent, Inc		478,841
	54,314	*	Collegium Pharmaceutical, Inc		1,092,526
	89,155	*	Cymabay Therapeutics, Inc		137,299
	309,021		Eli Lilly & Co		43,151,693
	4,990	*	Esperion Thereapeutics, Inc		269,859
	28,683	*	FibroGen, Inc		1,200,384
	34,362	*,e	Flexion Therapeutics, Inc		602,022
	335,255		Gilead Sciences, Inc		21,188,116
	16,242	*	Halozyme Therapeutics, Inc		308,273
	51,772	*,e	Insmed, Inc		1,063,397
	18,561	*	Intersect ENT, Inc		479,616
	75,745	*	Intra-Cellular Therapies, Inc		1,718,654
	26,118	*	Iovance Biotherapeutics, Inc		567,805
	56,297	*	IQVIA Holdings, Inc		8,740,109
	27,862	*	Jazz Pharmaceuticals plc		3,994,018
	99,298	*	Karyopharm Therapeutics, Inc		1,603,663
	81,017	*	MacroGenics, Inc		749,407
	664,083		Merck & Co, Inc		56,739,252
	5,838	*	Mettler-Toledo International, Inc		4,420,417

70

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	2,895	*	Mirati Therapeutics, Inc	$	251,373
	655,409	*,e	Opko Health, Inc		950,343
	16,842	*,e	Optinose, Inc		131,873
	42,303		Perrigo Co plc		2,412,963
	133,970	*	Progenics Pharmaceuticals, Inc		597,506
	47,608	*	Prothena Corp plc		579,389
	74,418	*	Revance Therapeutics, Inc		1,664,731
	5,837	*	Sage Therapeutics, Inc		386,876
	87,463	*	Sangamo Therapeutics Inc		641,104
	183,038	*,e	TherapeuticsMD, Inc		411,835
	25,761	*	Theravance Biopharma, Inc		718,217
	5,640	*	Tricida, Inc		198,866
	28,275	*	Ultragenyx Pharmaceutical, Inc		1,485,851
	93,990	*	Vertex Pharmaceuticals, Inc		21,340,429
	18,425	*	Waters Corp		4,123,331
	47,090	*,e	ZIOPHARM Oncology, Inc		185,535
	248,138		Zoetis, Inc		33,302,601
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		368,811,019
REAL ESTATE - 4.0%
	48,046		Alexandria Real Estate Equities, Inc		7,841,107
	11,117	*,e	Altisource Portfolio Solutions S.A.		206,776
	23,462		American Campus Communities, Inc		1,076,202
	161,182		American Tower Corp		37,352,317
	72,632		Boston Properties, Inc		10,411,797
	36,800		Brixmor Property Group, Inc		734,528
	70,724		CatchMark Timber Trust, Inc		725,628
	79,390	*	CBRE Group, Inc		4,846,759
	42,246		Chatham Lodging Trust		690,722
	62,954		CorePoint Lodging, Inc		576,029
	17,160		Coresite Realty		2,015,442
	23,373		Cousins Properties, Inc		956,657
	6,932		CyrusOne, Inc		421,812
	46,797		Diversified Healthcare Trust		361,273
	8,358		Douglas Emmett, Inc		346,857
	58,576		Duke Realty Corp		2,126,895
	19,598		Easterly Government Properties, Inc		474,468
	36,148		Equinix, Inc		21,317,560
	3,961		Federal Realty Investment Trust		495,204
	33,420		First Industrial Realty Trust, Inc		1,427,034
	52,368		Franklin Street Properties Corp		397,997
	204,267		Healthpeak Properties Inc		7,351,569
	154,979		Host Hotels and Resorts, Inc		2,532,357
	32,022	*	Howard Hughes Corp		3,896,437
	24,076		Hudson Pacific Properties		874,922
	100,069		Iron Mountain, Inc		3,163,181
	95,797		iStar Inc		1,394,804
	5,945		Jones Lang LaSalle, Inc		1,009,580
	4,739		Kilroy Realty Corp		391,299
	88,542		Kimco Realty Corp		1,686,725
	15,135		Liberty Property Trust		948,208
	188,715		Macerich Co		4,210,232
	24,547		Office Properties Income Trust		835,334
	4,166		Paramount Group, Inc		58,574

71

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	57,124		Park Hotels & Resorts, Inc	$	1,253,301
	540		Piedmont Office Realty Trust, Inc		12,523
	346,453		Prologis, Inc		32,178,554
	22,163		QTS Realty Trust, Inc		1,260,631
	24,711	e	Realogy Holdings Corp		261,689
	15,022		Regency Centers Corp		931,965
	2,009		RMR Group, Inc		92,555
	37,701		Sabra Healthcare REIT, Inc		810,571
	45,216		SBA Communications Corp		11,284,105
	30,349		UDR, Inc		1,454,021
	297		Washington REIT		9,041
	205,082		Welltower, Inc		17,413,513
	297,141		Weyerhaeuser Co		8,602,232
			TOTAL REAL ESTATE		198,720,987
RETAILING - 6.6%
	42,491	*	1-800-FLOWERS.COM, Inc (Class A)		645,438
	2,432		Aaron’s, Inc		144,364
	24,346		Advance Auto Parts, Inc		3,207,586
	66,930	*	Amazon.com, Inc		134,443,630
	56,825		Best Buy Co, Inc		4,812,509
	66,235		Big Lots, Inc		1,792,319
	186,728	*	BJ’s Wholesale Club Holdings, Inc		3,831,659
	17,196	*	Booking Holdings, Inc		31,478,138
	250	e	Buckle, Inc		6,103
	24,768	*	CarMax, Inc		2,403,487
	43,878		eBay, Inc		1,472,546
	14,828		Expedia Group Inc		1,608,097
	6,360	*	Five Below, Inc		720,079
	81,198		Gap, Inc		1,413,657
	14,294	*	Genesco, Inc		562,040
	21,058		Genuine Parts Co		1,970,397
	18,815		Haverty Furniture Cos, Inc		378,746
	29,239	*	Hibbett Sports, Inc		724,542
	250,264		Home Depot, Inc		57,085,218
	17,745	*	Lands’ End, Inc		206,729
	77,025	*	LKQ Corp		2,517,562
	237,535		Lowe’s Companies, Inc		27,611,068
	166,315	e	Macy’s, Inc		2,652,724
	35,671	*	MarineMax, Inc		710,923
	397		Pool Corp		87,062
	5,448	*	Sally Beauty Holdings, Inc		83,627
	12,547	e	Shoe Carnival, Inc		449,935
	21,472		Signet Jewelers Ltd		521,984
	171,967		Target Corp		19,043,626
	14,544		Tiffany & Co		1,949,187
	289,907		TJX Companies, Inc		17,116,109
	15,754		Tractor Supply Co		1,464,334
	17,401	*	Ulta Beauty, Inc		4,661,902
	860		Winmark Corp		171,114
	5,569	*	Zumiez, Inc		173,586
			TOTAL RETAILING		328,122,027

72

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.7%
	349,407		Applied Materials, Inc	$	20,262,112
	22,180	*	Cirrus Logic, Inc		1,703,646
	40,921	*	Cree, Inc		1,902,417
	20,532	*	First Solar, Inc		1,017,977
	1,039,691		Intel Corp		66,467,446
	32,145		Lam Research Corp		9,585,960
	5,600		NVE Corp		410,816
	188,166		NVIDIA Corp		44,488,088
	18,585	*	Silicon Laboratories, Inc		1,827,091
	315,879		Texas Instruments, Inc		38,110,801
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		185,776,354
SOFTWARE & SERVICES - 11.2%
	218,409		Accenture plc		44,819,711
	146,743	*	Adobe, Inc		51,527,337
	102,486	*	Autodesk, Inc		20,174,369
	188,672	*	Avaya Holdings Corp		2,409,341
	33,427	*	Benefitfocus, Inc		618,399
	12,432		Blackbaud, Inc		973,799
	110,902	*	Cadence Design Systems, Inc		7,997,143
	13,209	*	ChannelAdvisor Corp		123,636
	296,557	*	Conduent, Inc		1,269,264
	8,115	*	Coupa Software, Inc		1,307,732
	55,469		CSG Systems International, Inc		2,763,466
	57,024	*	ExlService Holdings, Inc		4,169,025
	2,334	*	Fair Isaac Corp		939,155
	318,590		International Business Machines Corp		45,790,941
	113,870		Intuit, Inc		31,926,871
	216,899	*	Limelight Networks, Inc		1,082,326
	83,470		LogMeIn, Inc		7,175,916
	1,327,821	d	Microsoft Corp		226,034,969
	84,317	*	New Relic, Inc		5,565,765
	54,403	*	Nutanix, Inc		1,766,465
	5,290	*	OneSpan, Inc		87,920
	1,449	*	Paylocity Holding Corp		205,599
	54,901	*	Perficient, Inc		2,728,580
	21,141	*	Qualys, Inc		1,812,629
	262,634	*	salesforce.com, Inc		47,880,804
	100,455		Science Applications International Corp		8,816,935
	61,226	*	SPS Commerce, Inc		3,479,474
	74,253	*	SVMK, Inc		1,310,565
	67,259	*	Sykes Enterprises, Inc		2,259,230
	139,395	*	Teradata Corp		3,392,874
	64,472		TiVo Corp		469,356
	23,245		TTEC Holdings, Inc		923,291
	47,472	*	Virtusa Corp		1,976,734
	44,548		VMware, Inc (Class A)		6,595,777
	73,205	*	WEX, Inc		15,879,629
	30,134	*	Zendesk, Inc		2,603,578
			TOTAL SOFTWARE & SERVICES		558,858,605
TECHNOLOGY HARDWARE & EQUIPMENT - 7.1%
	2,919	*	Anixter International, Inc		284,894
	758,031		Apple, Inc		234,618,175

73

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	125,082	*	Arlo Technologies, Inc	$	534,100
	40,047		AVX Corp		811,753
	8,124		Badger Meter, Inc		479,803
	1,070		Belden CDT, Inc		52,719
	62,761		Benchmark Electronics, Inc		1,931,784
	1,027,622		Cisco Systems, Inc		47,239,783
	2,689	*	Coherent, Inc		380,305
	34,326		CTS Corp		1,006,095
	22,592		Daktronics, Inc		133,293
	99,736		Dolby Laboratories, Inc (Class A)		6,915,694
	1,447	*	Fabrinet		91,219
	18,340	*	FARO Technologies, Inc		947,444
	802,422		Hewlett Packard Enterprise Co		11,177,738
	595,669		HP, Inc		12,699,663
	11,733	*	Insight Enterprises, Inc		772,853
	182		InterDigital, Inc		10,055
	3,493	*	Itron, Inc		285,553
	70,176		Kemet Corp		1,827,383
	25,860	*	Keysight Technologies, Inc		2,404,721
	17,293	*	Kimball Electronics, Inc		279,801
	15,821		Littelfuse, Inc		2,798,893
	4,509	*	Lumentum Holdings, Inc		341,647
	6,814		Methode Electronics, Inc		223,159
	49,310		Motorola Solutions, Inc		8,727,870
	74,565		National Instruments Corp		3,327,836
	19,428	*	Novanta, Inc		1,762,702
	500	*	OSI Systems, Inc		43,270
	13,761	*	Ribbon Communications, Inc		38,806
	11,038	*	Rogers Corp		1,299,725
	13,734		Synnex Corp		1,891,996
	42,266	*	Tech Data Corp		6,083,768
	81,317	*	TTM Technologies, Inc		1,170,152
	73,134		Vishay Intertechnology, Inc		1,483,889
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		354,078,541
TELECOMMUNICATION SERVICES - 1.6%
	23,657	*	Boingo Wireless, Inc		265,905
	969,693		CenturyLink, Inc		13,246,006
	46,289		Cogent Communications Group, Inc		3,283,279
	167,393	*	Iridium Communications, Inc		4,276,891
	121,741	*	ORBCOMM, Inc		437,050
	1,013,820		Verizon Communications, Inc		60,261,461
			TOTAL TELECOMMUNICATION SERVICES		81,770,592
TRANSPORTATION - 1.9%
	3,997		Amerco, Inc		1,483,966
	38,569		ArcBest Corp		860,474
	2,385	*	Avis Budget Group, Inc		78,228
	19,553		CH Robinson Worldwide, Inc		1,412,118
	352,407		CSX Corp		26,902,750
	197,594		Delta Air Lines, Inc		11,013,890
	36,957	*	Echo Global Logistics, Inc		716,227
	8		Expeditors International of Washington, Inc		584
	29,951	*	Hertz Global Holdings, Inc		472,028

74

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY					VALUE
	5,175		Kansas City Southern					$	872,971
	180		Landstar System, Inc						19,935
	92,953		Norfolk Southern Corp						19,353,744
	9		Ryder System, Inc						430
	179,530		Southwest Airlines Co						9,870,559
	231,633		United Parcel Service, Inc (Class B)						23,978,648
			TOTAL TRANSPORTATION						97,036,552
UTILITIES - 3.6%
	258,499		American Electric Power Co, Inc						26,940,766
	126,378		Centerpoint Energy, Inc						3,346,489
	180,018		Consolidated Edison, Inc						16,921,692
	110,209		Dominion Energy Inc						9,450,422
	19,802		DTE Energy Co						2,625,943
	134,706		Eversource Energy						12,452,223
	42,852		New Jersey Resources Corp						1,770,645
	10,059		ONE Gas, Inc						950,575
	290		Ormat Technologies, Inc						22,985
	322		Pattern Energy Group, Inc						8,665
	206,735		Public Service Enterprise Group, Inc						12,238,712
	183,846		Sempra Energy						29,533,021
	19,040		South Jersey Industries, Inc						586,432
	518,609		Southern Co						36,510,074
	30,558		UGI Corp						1,270,907
	99,313		WEC Energy Group, Inc						9,920,376
	180,121		Xcel Energy, Inc						12,462,572
			TOTAL UTILITIES						177,012,499
			TOTAL COMMON STOCKS						4,940,338,951
			(Cost $3,521,207,952)
RIGHTS / WARRANTS - 0.0%
MEDIA & ENTERTAINMENT - 0.0%
	21,053	†	Media General, Inc						0
			TOTAL MEDIA & ENTERTAINMENT						0
			TOTAL RIGHTS / WARRANTS						0
			(Cost $0)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.9%
GOVERNMENT AGENCY DEBT - 0.7%
$	16,170,000		Federal Home Loan Bank (FHLB)		1.500	%	02/03/20		16,170,000
	16,574,000		FHLB		1.511-1.531		02/14/20		16,566,151
			TOTAL GOVERNMENT AGENCY DEBT						32,736,151
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.2%
	10,562,361	c	State Street Navigator Securities Lending Government Money Market Portfolio						10,562,361
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						10,562,361

75

TIAA-CREF FUNDS - Social Choice Equity Fund

	VALUE
TOTAL SHORT-TERM INVESTMENTS	$	43,298,512
(Cost $43,295,903)
TOTAL INVESTMENTS - 100.1%		4,983,637,463
(Cost $3,564,503,855)
OTHER ASSETS & LIABILITIES, NET - (0.1)%		(2,695,587	)
NET ASSETS - 100.0%	$	4,980,941,876

Abbreviation(s):

ETF     Exchange Traded Fund

REIT   Real Estate Investment Trust

*	Non-income producing
†	Security is categorized as Level 3 in the fair value hierarchy.
c	Investments made with cash collateral received from securities on loan.
d	All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $16,543,517.

Futures contracts outstanding as of January 31, 2020 were as follows:
Description	Number of long (short) contracts		Expiration date	Notional amount		Value		Unrealized appreciation (depreciation)
S&P 500 E Mini Index		213	03/20/20	$	34,970,915	$	34,335,600		$(635,315	)

76

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

TIAA-CREF FUNDS

SOCIAL CHOICE LOW CARBON EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.5%
AUTOMOBILES & COMPONENTS - 0.8%
	9,610	*	American Axle & Manufacturing Holdings, Inc	$	88,796
	2,178		Aptiv plc		184,673
	1,439	*	Cooper-Standard Holding, Inc		38,162
	2,971	*	Tesla, Inc		1,932,844
			TOTAL AUTOMOBILES & COMPONENTS		2,244,475
BANKS - 4.9%
	1,105		Amalgamated Bank		19,050
	944		Arrow Financial Corp		33,097
	1,224		Bridge Bancorp, Inc		37,148
	339		Camden National Corp		16,021
	34,683		Citigroup, Inc		2,580,762
	20,677		Citizens Financial Group, Inc		770,839
	3,253		Comerica, Inc		198,953
	950		Community Trust Bancorp, Inc		41,562
	497	*	Customers Bancorp, Inc		10,626
	944	*	Equity Bancshares, Inc		25,356
	129		Federal Agricultural Mortgage Corp (Class C)		9,843
	17,193		Fifth Third Bancorp		489,141
	119		First Commonwealth Financial Corp		1,609
	1,527		First Defiance Financial Corp		44,879
	909		First Financial Corp		37,933
	1,038		First Mid-Illinois Bancshares, Inc		33,994
	997		First of Long Island Corp		21,994
	1,760		First Republic Bank		195,149
	2,418		Hanmi Financial Corp		40,671
	414	*	HomeStreet, Inc		13,294
	1,285		HomeTrust Bancshares, Inc		34,078
	16,834		Huntington Bancshares, Inc		228,437
	14,226		Keycorp		266,168
	262		Live Oak Bancshares, Inc		4,580
	7,936		M&T Bank Corp		1,337,375
	940		MGIC Investment Corp		12,963
	2,863		New York Community Bancorp, Inc		31,665
	1,534		OFG Bancorp		30,235
	1,738		Opus Bank		46,292
	11,562		PNC Financial Services Group, Inc		1,717,535
	22,455		Regions Financial Corp		349,624
	2,387	*	SVB Financial Group		573,668
	2,221	*	The Bancorp, Inc		26,274
	356	*	Tristate Capital Holdings, Inc		8,184
	34,346		Truist Financial Corp		1,771,223
	35,610		US Bancorp		1,895,164
	953		WesBanco, Inc		31,563
	1,616		Zions Bancorporation		73,512
			TOTAL BANKS		13,060,461

77

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
CAPITAL GOODS - 7.4%
	11,879		3M Co	$	1,884,722
	2,447	*	Aegion Corp		51,142
	2,577		Aircastle Ltd		82,696
	1,188		Argan, Inc		50,027
	1,858	*	Astronics Corp		46,822
	3,287	*	Axon Enterprise, Inc		252,474
	3,124		Briggs & Stratton Corp		11,465
	430		Carlisle Cos, Inc		67,179
	13,734		Caterpillar, Inc		1,803,961
	1,682	*	Chart Industries, Inc		107,614
	552		Comfort Systems USA, Inc		25,613
	1,460		Cubic Corp		95,323
	945		Cummins, Inc		151,172
	3,689		Curtiss-Wright Corp		536,491
	6,245		Deere & Co		990,332
	653		Dover Corp		74,344
	15,962		Eaton Corp		1,507,930
	271		EMCOR Group, Inc		22,268
	9,048		Fastenal Co		315,594
	18,048		Fortive Corp		1,352,337
	2,190		Granite Construction, Inc		59,415
	3,553		HEICO Corp		434,994
	6,802		HEICO Corp (Class A)		654,012
	1,522	*	Herc Holdings, Inc		61,063
	3,979		Hexcel Corp		295,321
	9,060		Illinois Tool Works, Inc		1,585,319
	2,387		Ingersoll-Rand plc		318,020
	22,802		Johnson Controls International plc		899,539
	1,091	*	Lydall, Inc		22,300
	4,729	*	Mercury Systems, Inc		362,951
	984		Moog, Inc (Class A)		88,176
	1,007	*	MYR Group, Inc		28,921
	3,920		Owens Corning, Inc		237,121
	2,762		PACCAR, Inc		204,968
	3,982		Parker-Hannifin Corp		779,238
	3,941	*,e	Plug Power, Inc		15,232
	5,962		Quanta Services, Inc		233,412
	1,675		Raven Industries, Inc		52,528
	1,214		Rockwell Automation, Inc		232,675
	1,923		Roper Technologies Inc		733,932
	9,177		Spirit Aerosystems Holdings, Inc (Class A)		599,442
	1,574		Stanley Black & Decker, Inc		250,785
	1,022	*	Titan Machinery, Inc		12,479
	2,428		TransDigm Group, Inc		1,561,884
	1,593	*	United Rentals, Inc		216,154
	883		Valmont Industries, Inc		125,439
	537		W.W. Grainger, Inc		162,534
	21	*	WESCO International, Inc		1,017
	777		Woodward Inc		90,373
	1,778		Xylem, Inc		145,191
			TOTAL CAPITAL GOODS		19,893,941

78

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
COMMERCIAL & PROFESSIONAL SERVICES - 0.8%
	3,382	*	Copart, Inc	$	343,138
	1,243		Heidrick & Struggles International, Inc		35,326
	526	*	Huron Consulting Group, Inc		34,090
	278		ICF International, Inc		24,350
	12,382	*	IHS Markit Ltd		976,445
	162		Insperity, Inc		14,154
	7		Kforce, Inc		259
	876		Kimball International, Inc (Class B)		16,451
	1,129	*	Mistras Group, Inc		12,498
	14,385		Pitney Bowes, Inc		53,800
	728		Resources Connection, Inc		11,084
	1,685		RR Donnelley & Sons Co		4,044
	418	*	SP Plus Corp		17,477
	1,049	*,e	Team, Inc		14,266
	5,558		TransUnion		509,669
	40	*	TrueBlue, Inc		876
	486		Viad Corp		31,590
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		2,099,517
CONSUMER DURABLES & APPAREL - 1.2%
	733	*	Century Communities, Inc		21,748
	1,937		Ethan Allen Interiors, Inc		31,283
	702	*	Garmin Ltd		68,059
	1,554	*	Green Brick Partners, Inc		18,011
	408		Hamilton Beach Brands Holding Co		6,446
	5		Hasbro, Inc		509
	927		Hooker Furniture Corp		22,841
	670	*,e	Mattel, Inc		9,802
	3,349		Newell Brands Inc		65,406
	21,517		Nike, Inc (Class B)		2,072,087
	118	*	NVR, Inc		450,403
	3,976	*	TRI Pointe Homes, Inc		64,650
	370	*	Unifi, Inc		7,962
	4,203		VF Corp		348,723
			TOTAL CONSUMER DURABLES & APPAREL		3,187,930
CONSUMER SERVICES - 2.2%
	897	*	American Public Education, Inc		21,376
	3,793		BBX Capital Corp		14,717
	595	*	Bright Horizons Family Solutions		97,419
	1,115		Carriage Services, Inc		26,392
	644	*	Chipotle Mexican Grill, Inc (Class A)		558,193
	3,080		Darden Restaurants, Inc		358,604
	1,397	*	El Pollo Loco Holdings, Inc		19,251
	128	*	frontdoor, Inc		5,450
	11,967		Hilton Worldwide Holdings, Inc		1,290,043
	6,671	*	Houghton Mifflin Harcourt Co		36,824
	465		Marriott Vacations Worldwide Corp		55,912
	823	*	Red Robin Gourmet Burgers, Inc		27,052
	1,841	*	Regis Corp		28,572
	8,239		Royal Caribbean Cruises Ltd		964,622
	1,399		Service Corp International		67,082

79

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	1,636	*	ServiceMaster Global Holdings, Inc	$	58,978
	26		Six Flags Entertainment Corp		991
	24,123		Starbucks Corp		2,046,354
	555		Vail Resorts, Inc		130,153
	191	*	WW International Inc		6,299
			TOTAL CONSUMER SERVICES		5,814,284
DIVERSIFIED FINANCIALS - 6.0%
	15,225		American Express Co		1,977,271
	29,913		Bank of New York Mellon Corp		1,339,504
	3,430		BlackRock, Inc		1,808,810
	7,607		Capstead Mortgage Corp		62,530
	30,251		Charles Schwab Corp		1,377,933
	7,635		CME Group, Inc		1,657,635
	10,839		Discover Financial Services		814,334
	805	*	Donnelley Financial Solutions, Inc		7,293
	2,554		Franklin Resources, Inc		64,616
	17,638		IntercontinentalExchange Group, Inc		1,759,214
	1,149		Moody’s Corp		295,052
	32,968		Morgan Stanley		1,722,908
	544	*,†	NewStar Financial, Inc		131
	1,455		Northern Trust Corp		142,314
	1,767	*	On Deck Capital, Inc		7,209
	5,886		S&P Global, Inc		1,728,895
	12,974		State Street Corp		981,224
	1,591		T Rowe Price Group, Inc		212,446
			TOTAL DIVERSIFIED FINANCIALS		15,959,319
ENERGY - 3.1%
	22,577	e	Antero Midstream Corp		113,788
	6,885	*	Apergy Corp		178,046
	10,278		Archrock, Inc		85,821
	59,329		Baker Hughes a GE Co		1,285,066
	4,224		Cactus, Inc		121,736
	19,365	*	Cheniere Energy, Inc		1,147,183
	7,929	*	Clean Energy Fuels Corp		18,237
	6,217		Delek US Holdings, Inc		170,719
	659		DMC Global, Inc		27,566
	2,887	*	Dril-Quip, Inc		118,078
	15,457		Equitrans Midstream Corp		149,469
	2,053	*	Exterran Corp		11,086
	8,171	*	Frank’s International NV		28,599
	2,431		Green Plains Inc		30,315
	11,451	*	Helix Energy Solutions Group, Inc		95,501
	4,590		Liberty Oilfield Services, Inc		38,923
	1,677	*	Matrix Service Co		33,741
	34,403		National Oilwell Varco, Inc		709,046
	6,800	*	Newpark Resources, Inc		34,000
	11,715	*	NexTier Oilfield Solutions, Inc		60,332
	8,887	*	Oceaneering International, Inc		110,288
	4,548	*	Oil States International, Inc		49,027
	20,580		ONEOK, Inc		1,540,825
	9,139		PBF Energy, Inc		249,495
	2,174	*	Renewable Energy Group, Inc		57,133

80

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	3,532	e	RPC, Inc	$	16,000
	4,726	*	Select Energy Services, Inc		32,893
	2,682		Solaris Oilfield Infrastructure, Inc		30,923
	3,007	*	Tidewater, Inc		45,646
	5,974		US Silica Holdings, Inc		30,706
	18,341		Valero Energy Corp		1,546,330
	4,898		World Fuel Services Corp		191,610
			TOTAL ENERGY		8,358,128
FOOD & STAPLES RETAILING - 0.6%
	2,819		Casey’s General Stores, Inc		453,464
	1,926	*	Chefs’ Warehouse Holdings, Inc		70,106
	1,792		Pricesmart, Inc		109,778
	2,228		SpartanNash Co		27,137
	10,331	*	Sprouts Farmers Market, Inc		161,474
	4,054	*	United Natural Foods, Inc		29,189
	19,456	*	US Foods Holding Corp		781,548
	589		Weis Markets, Inc		21,610
			TOTAL FOOD & STAPLES RETAILING		1,654,306
FOOD, BEVERAGE & TOBACCO - 3.6%
	1,748	*,e	Beyond Meat, Inc		193,014
	3,229		Bunge Ltd		169,296
	54,246		Coca-Cola Co		3,167,967
	1,258	*	Darling International, Inc		34,130
	647	*	Farmer Bros Co		7,751
	1,236		Fresh Del Monte Produce, Inc		38,786
	309	*	Freshpet, Inc		19,430
	18,663		General Mills, Inc		974,582
	87	*	Hain Celestial Group, Inc		2,106
	20,551		Hormel Foods Corp		971,240
	6,455		Kellogg Co		440,296
	4,436		McCormick & Co, Inc		724,709
	20,818		PepsiCo, Inc		2,956,572
			TOTAL FOOD, BEVERAGE & TOBACCO		9,699,879
HEALTH CARE EQUIPMENT & SERVICES - 6.0%
	1,099	*	Abiomed, Inc		204,733
	126	*	Acadia Healthcare Co, Inc		4,048
	3,289	*	Align Technology, Inc		845,602
	2,208	*	Allscripts Healthcare Solutions, Inc		18,945
	43	*	AMN Healthcare Services, Inc		2,897
	2,779	*	Angiodynamics, Inc		38,267
	9,859	*	Antares Pharma, Inc		36,183
	731	*	BioTelemetry, Inc		35,761
	2,394	*	Brookdale Senior Living, Inc		15,777
	3,486		Cardinal Health, Inc		178,518
	14,569		Cerner Corp		1,046,491
	10,266	*	Cerus Corp		41,167
	3,760		Cigna Corp		723,349
	711		Computer Programs & Systems, Inc		18,486
	2,118		Cooper Cos, Inc		734,713
	7,927	*	Covetrus, Inc		97,502
	2,248	*	Cross Country Healthcare, Inc		22,255

81

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	27,068		CVS Health Corp	$	1,835,752
	6,537		Dentsply Sirona, Inc		366,072
	3,935	*	Diplomat Pharmacy, Inc		15,661
	6,872	*	Edwards Lifesciences Corp		1,510,878
	295		Encompass Health Corp		22,724
	3,285	*	GenMark Diagnostics, Inc		17,706
	4,734		HCA Healthcare, Inc		657,079
	737	*	Henry Schein, Inc		50,809
	523	*	Heska Corp		52,399
	5,206	*	Hologic, Inc		278,625
	2,218		Humana, Inc		745,780
	1,893	*	IDEXX Laboratories, Inc		513,022
	90	*	Integer Holding Corp		7,686
	900	*	Laboratory Corp of America Holdings		157,860
	1,072		LeMaitre Vascular, Inc		38,576
	62	*	LivaNova plc		4,214
	3,174		Meridian Bioscience, Inc		31,232
	2,606	*	Merit Medical Systems, Inc		94,911
	2,340	*	NextGen Healthcare, Inc		32,432
	479	*	Omnicell, Inc		38,933
	4,963	*	OraSure Technologies, Inc		34,989
	1,385	*	Orthofix Medical Inc		59,915
	69	*	Penumbra, Inc		12,107
	638		Quest Diagnostics, Inc		70,608
	30	*	Quidel Corp		2,304
	586	*	RadNet, Inc		13,226
	4,766		Resmed, Inc		757,651
	2,949	*	Staar Surgical Co		99,204
	315	*	Surgery Partners, Inc		5,314
	368	*	Tactile Systems Technology, Inc		20,678
	1,379	*	Tandem Diabetes Care, Inc		104,859
	3,849	*,e	Teladoc, Inc		391,482
	272	*	Tivity Health, Inc		5,887
	577	*	Triple-S Management Corp (Class B)		10,167
	12,321		UnitedHealth Group, Inc		3,356,856
	2,785	*	Varian Medical Systems, Inc		391,487
	1,334	*	Vocera Communications, Inc		29,388
	554		West Pharmaceutical Services, Inc		86,396
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		15,989,563
HOUSEHOLD & PERSONAL PRODUCTS - 2.5%
	25,103		Colgate-Palmolive Co		1,852,099
	3,434		Estee Lauder Cos (Class A)		670,180
	1,875		Kimberly-Clark Corp		268,575
	30,528		Procter & Gamble Co		3,804,399
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		6,595,253
INSURANCE - 3.9%
	4,323		Aflac, Inc		222,937
	5,460		Allstate Corp		647,228
	27,019		American International Group, Inc		1,357,975
	1,963		Aon plc		432,351
	12,150		Chubb Ltd		1,846,679
	22,655		Loews Corp		1,165,600

82

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	15,121		Marsh & McLennan Cos, Inc	$	1,691,435
	737		Principal Financial Group		39,024
	7,474		Progressive Corp		603,077
	16,748		Prudential Financial, Inc		1,525,073
	6,789		Travelers Cos, Inc		893,568
	300		Willis Towers Watson plc		63,387
			TOTAL INSURANCE		10,488,334
MATERIALS - 2.6%
	13,913		Ball Corp		1,004,240
	1,024	*	Clearwater Paper Corp		28,877
	10,273	*	Coeur Mining, Inc		61,946
	4,534		Commercial Metals Co		93,174
	81		Compass Minerals International, Inc		4,689
	8,776		Ecolab, Inc		1,721,061
	3,863		H.B. Fuller Co		178,509
	984		Innospec, Inc		99,118
	3,155	e	International Flavors & Fragrances, Inc		413,652
	1,964	*	Kraton Corp		32,308
	1,645		Minerals Technologies, Inc		89,044
	30,366		Mosaic Co		602,462
	898		Myers Industries, Inc		14,530
	20,905		Newmont Goldcorp Corp		941,979
	2,447		PPG Industries, Inc		293,249
	2,796		Reliance Steel & Aluminum Co		320,981
	644	*	Ryerson Holding Corp		6,601
	1,689		Schnitzer Steel Industries, Inc (Class A)		27,159
	3,407		Scotts Miracle-Gro Co (Class A)		418,175
	309		Stepan Co		30,483
	3,268		Trinseo S.A.		93,857
	1,227	*	US Concrete, Inc		43,669
	14,443		Valvoline, Inc		304,458
			TOTAL MATERIALS		6,824,221
MEDIA & ENTERTAINMENT - 7.0%
	10,235		Activision Blizzard, Inc		598,543
	2,949	*	Alphabet, Inc (Class A)		4,225,268
	2,951	*	Alphabet, Inc (Class C)		4,232,413
	336		Cable One, Inc		572,554
	8,099		Cinemark Holdings, Inc		255,200
	506	*	Clear Channel		1,381
	66,276		Comcast Corp (Class A)		2,862,460
	11,781	*,e	Discovery, Inc (Class A)		344,712
	17,717	*	Discovery, Inc (Class C)		492,001
	6,118	*	Electronic Arts, Inc		660,255
	3,245	*	Gray Television, Inc		65,809
	768	*	Hemisphere Media Group, Inc		10,322
	3,943	*	Imax Corp		65,217
	3,400		John Wiley & Sons, Inc (Class A)		148,308
	8,424	*	Liberty Broadband Corp (Class C)		1,119,802
	980	*	Loral Space & Communications, Inc		31,527
	1,686		Marcus Corp		49,147
	5,885		National CineMedia, Inc		43,431
	6,405		New York Times Co (Class A)		205,024

83

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	14,535		Omnicom Group, Inc	$	1,094,631
	5,684	*	Quotient Technology, Inc		57,238
	2,171		Scholastic Corp		71,534
	2,746		Sinclair Broadcast Group, Inc (Class A)		82,160
	5,449		TEGNA, Inc		92,088
	4,484		TripAdvisor, Inc		122,503
	36,524	*	Twitter, Inc		1,186,300
	1,748	e	World Wrestling Entertainment, Inc (Class A)		85,442
			TOTAL MEDIA & ENTERTAINMENT		18,775,270
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.2%
	23,265		AbbVie, Inc		1,884,930
	1,971	*,e	Aerie Pharmaceuticals, Inc		40,366
	1,340		Agilent Technologies, Inc		110,630
	2,421	*	Agios Pharmaceuticals, Inc		117,975
	4,711	*	Akorn, Inc		7,208
	10,678		Amgen, Inc		2,306,982
	1,705	*	Assembly Biosciences, Inc		29,940
	1,627	*	Atara Biotherapeutics, Inc		21,525
	2,351	*	Biogen, Inc		632,066
	1,272	*	BioMarin Pharmaceutical, Inc		106,212
	4,066	*	Bluebird Bio, Inc		324,020
	38,745		Bristol-Myers Squibb Co		2,438,998
	1,765	*	Collegium Pharmaceutical, Inc		35,503
	4,650	*	Cymabay Therapeutics, Inc		7,161
	16,541		Eli Lilly & Co		2,309,785
	2,615	*,e	Flexion Therapeutics, Inc		45,815
	30,320		Gilead Sciences, Inc		1,916,224
	4,157	*	Insmed, Inc		85,385
	1,134	*	Intersect ENT, Inc		29,303
	2,588	*	Intra-Cellular Therapies, Inc		58,722
	1,219	*	Iovance Biotherapeutics, Inc		26,501
	1,077	*	IQVIA Holdings, Inc		167,204
	746	*	Jazz Pharmaceuticals plc		106,939
	2,839	*	Karyopharm Therapeutics, Inc		45,850
	3,663	*	MacroGenics, Inc		33,883
	35,908		Merck & Co, Inc		3,067,980
	22,300	*,e	Opko Health, Inc		32,335
	1,130	*,e	Optinose, Inc		8,848
	752		Perrigo Co plc		42,894
	5,559	*	Progenics Pharmaceuticals, Inc		24,793
	2,785	*	Prothena Corp plc		33,893
	890	*	Radius Health, Inc		15,628
	417	*	Reata Pharmaceuticals, Inc		91,235
	2,210	*	Revance Therapeutics, Inc		49,438
	846	*	Sage Therapeutics, Inc		56,073
	5,363	*	Sangamo Therapeutics Inc		39,311
	15,249	*,e	TherapeuticsMD, Inc		34,310
	2,064	*	Theravance Biopharma, Inc		57,544
	2,551	*	Ultragenyx Pharmaceutical, Inc		134,055
	4,463	*	Vertex Pharmaceuticals, Inc		1,013,324
	183	*	Waters Corp		40,954
	11,842		Zoetis, Inc		1,589,315
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		19,221,057

84

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
REAL ESTATE - 4.0%
	2,875		Alexandria Real Estate Equities, Inc	$	469,200
	164	*,e	Altisource Portfolio Solutions S.A.		3,050
	349		American Campus Communities, Inc		16,009
	8,297		American Tower Corp		1,922,747
	4,095		Boston Properties, Inc		587,018
	2,532		Brixmor Property Group, Inc		50,539
	2,839		CatchMark Timber Trust, Inc		29,128
	1,428	*	CBRE Group, Inc		87,179
	3,517		Chatham Lodging Trust		57,503
	5,463		Columbia Property Trust, Inc		115,269
	2,328		CorePoint Lodging, Inc		21,301
	37		CyrusOne, Inc		2,251
	5,458		Diversified Healthcare Trust		42,136
	1,520		Duke Realty Corp		55,191
	2,507		Equinix, Inc		1,478,453
	514		Federal Realty Investment Trust		64,260
	3,115		Franklin Street Properties Corp		23,674
	4,263		Healthpeak Properties Inc		153,425
	35,593		Host Hotels and Resorts, Inc		581,590
	459	*	Howard Hughes Corp		55,851
	973		Hudson Pacific Properties		35,359
	6,811		Iron Mountain, Inc		215,296
	4,196		iStar Inc		61,094
	2,460		Kimco Realty Corp		46,863
	12,739		Macerich Co		284,207
	1,859		Office Properties Income Trust		63,262
	9,451		Paramount Group, Inc		132,881
	6,509		Park Hotels & Resorts, Inc		142,808
	18,859		Prologis, Inc		1,751,624
	6,773	e	Realogy Holdings Corp		71,726
	2,159	*	Redfin Corp		52,529
	1,297		Regency Centers Corp		80,466
	2,038		SBA Communications Corp		508,603
	1,117		UDR, Inc		53,516
	3,285		Ventas, Inc		190,070
	7,646	e	Washington Prime Group, Inc		23,014
	12,906		Welltower, Inc		1,095,848
			TOTAL REAL ESTATE		10,624,940
RETAILING - 7.1%
	4,034	*	Amazon.com, Inc		8,103,177
	712		Best Buy Co, Inc		60,299
	10,114	*	BJ’s Wholesale Club Holdings, Inc		207,539
	821	*	Booking Holdings, Inc		1,502,882
	523	*	CarMax, Inc		50,752
	22,231		eBay, Inc		746,072
	4,270		Expedia Group Inc		463,082
	3,292		Gap, Inc		57,314
	850		Genuine Parts Co		79,535
	1,452		Haverty Furniture Cos, Inc		29,229
	703	*	Hibbett Sports, Inc		17,420
	14,774		Home Depot, Inc		3,369,949

85

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	519	*	Lands’ End, Inc	$	6,046
	11	*	LKQ Corp		360
	10,901		Lowe’s Companies, Inc		1,267,132
	1,466		Macy’s, Inc		23,383
	1,747	*	MarineMax, Inc		34,818
	2,420		Signet Jewelers Ltd		58,830
	13,514		Target Corp		1,496,540
	420		Tiffany & Co		56,288
	17,707		TJX Companies, Inc		1,045,421
	161		Tractor Supply Co		14,965
	518	*	Ulta Beauty, Inc		138,777
	616	*,e	Wayfair, Inc		57,719
	104		Winmark Corp		20,693
	309	*	Zumiez, Inc		9,632
			TOTAL RETAILING		18,917,854
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.7%
	19,160		Applied Materials, Inc		1,111,088
	67		Brooks Automation, Inc		2,551
	3,083	*	Cree, Inc		143,329
	842	*	First Solar, Inc		41,746
	55,493		Intel Corp		3,547,667
	1,158		Lam Research Corp		345,327
	360		NVE Corp		26,410
	10,102		NVIDIA Corp		2,388,416
	1,079	*	Silicon Laboratories, Inc		106,077
	17,844		Texas Instruments, Inc		2,152,879
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		9,865,490
SOFTWARE & SERVICES - 10.7%
	11,369		Accenture plc		2,333,033
	7,780	*	Adobe, Inc		2,731,869
	4,391	*	Autodesk, Inc		864,368
	4,526	*	Avaya Holdings Corp		57,797
	845	*	Benefitfocus, Inc		15,632
	1,156	*	ChannelAdvisor Corp		10,820
	13,287	*	Conduent, Inc		56,868
	2,302		CSG Systems International, Inc		114,686
	1,365	*	Elastic NV		88,561
	2,727	*	ExlService Holdings, Inc		199,371
	16,666		International Business Machines Corp		2,395,404
	6,712		Intuit, Inc		1,881,911
	7,021	*	Limelight Networks, Inc		35,035
	4,013		LogMeIn, Inc		344,998
	70,640	d	Microsoft Corp		12,025,047
	3,081	*	New Relic, Inc		203,377
	6,289	*	Nutanix, Inc		204,204
	1,335	*	OneSpan, Inc		22,188
	2,084	*	Perficient, Inc		103,575
	13,925	*	salesforce.com, Inc		2,538,667
	3,393		Science Applications International Corp		297,804
	639	*	Smartsheet, Inc		30,979
	1,434	*	SPS Commerce, Inc		81,494
	4,007	*	SVMK, Inc		70,723

86

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	3,121	*	Sykes Enterprises, Inc	$	104,834
	5,149	*	Teradata Corp		125,327
	2,879		TiVo Corp		20,959
	873		TTEC Holdings, Inc		34,676
	1,971	*	Virtusa Corp		82,072
	3,971		VMware, Inc (Class A)		587,946
	3,836	*	WEX, Inc		832,105
			TOTAL SOFTWARE & SERVICES		28,496,330
TECHNOLOGY HARDWARE & EQUIPMENT - 6.8%
	3,877		Adtran, Inc		35,087
	512	*	Anixter International, Inc		49,971
	40,928		Apple, Inc		12,667,625
	4,261	*	Arlo Technologies, Inc		18,194
	1,244		AVX Corp		25,216
	246		Badger Meter, Inc		14,529
	2,113		Benchmark Electronics, Inc		65,038
	2,385	*	CalAmp Corp		22,944
	62,341		Cisco Systems, Inc		2,865,816
	1,242		CTS Corp		36,403
	2,923		Daktronics, Inc		17,246
	2,290		Dolby Laboratories, Inc (Class A)		158,789
	214	*	Fabrinet		13,491
	594	*	FARO Technologies, Inc		30,686
	77,423		Hewlett Packard Enterprise Co		1,078,502
	32,284		HP, Inc		688,295
	565	*	Insight Enterprises, Inc		37,217
	681	*	Keysight Technologies, Inc		63,326
	1,980	*	Kimball Electronics, Inc		32,036
	172	*	Lumentum Holdings, Inc		13,032
	600		Methode Electronics, Inc		19,650
	737		Motorola Solutions, Inc		130,449
	720		National Instruments Corp		32,134
	461	*	Novanta, Inc		41,826
	147	*	OSI Systems, Inc		12,721
	644	*	Ribbon Communications, Inc		1,816
	393		Synnex Corp		54,140
	1,602	*	TTM Technologies, Inc		23,053
	48		Vishay Intertechnology, Inc		974
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		18,250,206
TELECOMMUNICATION SERVICES - 1.6%
	54,669		CenturyLink, Inc		746,779
	1,009		Cogent Communications Group, Inc		71,569
	2,574	*,e	Gogo, Inc		13,539
	5,491	*	Iridium Communications, Inc		140,295
	6,004	*	ORBCOMM, Inc		21,554
	55,583		Verizon Communications, Inc		3,303,853
			TOTAL TELECOMMUNICATION SERVICES		4,297,589
TRANSPORTATION - 1.8%
	286		Amerco, Inc		106,183
	1,958		ArcBest Corp		43,683
	23,068		CSX Corp		1,761,011

87

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	4,483		Kansas City Southern	$	756,237
	3,445		Macquarie Infrastructure Co LLC		151,959
	328		Old Dominion Freight Line		64,364
	2,512		Ryder System, Inc		119,873
	16,854		United Parcel Service, Inc (Class B)		1,744,726
			TOTAL TRANSPORTATION		4,748,036
UTILITIES - 3.0%
	9,528		American Water Works Co, Inc		1,297,714
	2,207		Clearway Energy, Inc (Class A)		45,663
	16,692		Consolidated Edison, Inc		1,569,048
	17,594		Eversource Energy		1,626,389
	4,155		New Jersey Resources Corp		171,685
	2,089		ONE Gas, Inc		197,410
	1,853		Ormat Technologies, Inc		146,869
	6,169		Pattern Energy Group, Inc		166,008
	10,682		Sempra Energy		1,715,956
	4,383		Southwest Gas Holdings Inc		330,960
	5,213		TerraForm Power, Inc		94,303
	15,915		UGI Corp		661,905
			TOTAL UTILITIES		8,023,910
			TOTAL COMMON STOCKS		263,090,293
			(Cost $219,273,845)
RIGHTS / WARRANTS - 0.0%
MEDIA & ENTERTAINMENT - 0.0%
	1,550	†	Media General, Inc		0
			TOTAL MEDIA & ENTERTAINMENT		0
			TOTAL RIGHTS / WARRANTS		0
			(Cost $0)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 1.6%
GOVERNMENT AGENCY DEBT - 1.2%
$	3,140,000		Federal Home Loan Bank (FHLB)		1.500	%	02/03/20		3,140,000
			TOTAL GOVERNMENT AGENCY DEBT						3,140,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.4%
	1,052,651	c	State Street Navigator Securities Lending Government Money Market Portfolio						1,052,651
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						1,052,651
			TOTAL SHORT-TERM INVESTMENTS						4,192,651
			(Cost $4,192,390)
			TOTAL INVESTMENTS - 100.1%						267,282,944
			(Cost $223,466,235)
			OTHER ASSETS & LIABILITIES, NET - (0.1)%						(333,661	)
			NET ASSETS - 100.0%					$	266,949,283

88

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

*	Non-income producing
†	Security is categorized as Level 3 in the fair value hierarchy.
c	Investments made with cash collateral received from securities on loan.
d	All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $1,829,049.

Futures contracts outstanding as of January 31, 2020 were as follows:

Description	Number of long (short) contracts	Expiration date	Notional amount		Value		Unrealized appreciation (depreciation)
S&P 500 E Mini Index	19	03/20/20	$	3,133,874	$	3,062,800	$	(71,074)

89

TIAA-CREF FUNDS - Emerging Markets Equity Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 90.1%
BELGIUM - 0.8%
	4,531,100	*,g	Budweiser Brewing Co APAC Ltd	$	13,701,387
			TOTAL BELGIUM		13,701,387
BRAZIL - 12.8%
	8,722,405		Arcos Dorados Holdings, Inc		66,900,846
	1,909,100	*	B2W Companhia Global Do Varejo		31,739,579
	1,676,350		Banco do Brasil S.A.		19,000,147
	1,216,900		Banco Itau Holding Financeira S.A.		9,325,797
	1,644,200		Cia Brasileira de Distribuicao Grupo Pao de Acucar		32,664,394
	38,685	*,h	Lojas Americanas S.A. (ADR)		248,861
	2,706,984		Lojas Americanas S.A. (Preference)		17,414,050
	333,400	*	Pagseguro Digital Ltd		10,832,166
	1,710,100		Petroleo Brasileiro S.A. (Preference)		11,360,469
	1,047,900		Vale S.A.		12,300,456
			TOTAL BRAZIL		211,786,765
CHINA - 26.3%
	598,554	*	Alibaba Group Holding Ltd (ADR)		123,655,271
	169,500	*	Baidu, Inc (ADR)		20,943,420
	14,415,558		Baoshan Iron & Steel Co Ltd		11,030,465
	8,978,000	*,†	China Animal Healthcare Ltd		11,560
	8,331,000		China Life Insurance Co Ltd		19,894,712
	2,501,242		China Merchants Bank Co Ltd (Class A)		12,795,053
	3,249,600		China Mobile Hong Kong Ltd		26,710,580
	54,818,200	g	China Tower Corp Ltd		11,331,436
	5,734,500		CITIC Securities Co Ltd		11,017,283
	4,331,700		Geely Automobile Holdings Ltd		6,864,040
	536,300	*	JD.com, Inc (ADR)		20,213,147
	1,073,200		Jiangsu Yanghe Brewery Joint-Stock Co Ltd		16,073,791
	3,503,200		Ping An Insurance Group Co of China Ltd		39,613,663
	1,885,140		Ping An Insurance Group Co of China Ltd (Class A)		21,609,693
	1,736,576		Tencent Holdings Ltd		82,817,609
	2,755,909		Tianqi Lithium Corp		11,932,721
			TOTAL CHINA		436,514,444
HONG KONG - 0.9%
	621,536	*,†,e	China Metal Recycling Holdings Ltd		800
	22,290	*,†	Mongolian Metals Corporation		0
	1,953,500		Techtronic Industries Co		15,587,161
			TOTAL HONG KONG		15,587,961
HUNGARY - 0.7%
	244,500		OTP Bank		11,325,719
			TOTAL HUNGARY		11,325,719

90

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
INDIA - 7.0%
	9,493,800		Bharat Electronics Ltd	$	12,047,436
	14,385,900		Edelweiss Capital Ltd		19,115,140
	2,440,500		Mundra Port and Special Economic Zone Ltd		12,602,907
	2,489,500		Reliance Industries Ltd		49,103,955
	4,963,100	*	Tata Motors Ltd		12,172,578
	1,396,843		United Phosphorus Ltd		10,277,524
			TOTAL INDIA		115,319,540
INDONESIA - 2.3%
	33,345,400		PT Astra International Tbk		15,393,481
	21,893,700		PT Bank Mandiri Persero Tbk		11,971,372
	7,131,100		PT United Tractors Tbk		9,964,969
			TOTAL INDONESIA		37,329,822
ITALY - 1.6%
	7,069,471	e	Prada S.p.A		27,261,692
			TOTAL ITALY		27,261,692
KENYA - 0.6%
	30,861,156		Safaricom plc		9,369,115
			TOTAL KENYA		9,369,115
KOREA, REPUBLIC OF - 9.2%
	154,500		Hynix Semiconductor, Inc		11,755,339
	66,700	*	LG Chem Ltd		18,598,597
	92,039		Naver Corp		13,725,648
	2,110,700		Samsung Electronics Co Ltd		97,795,040
	7,039	*	Shinsegae Co Ltd		1,561,082
	85,100		SK Energy Co Ltd		9,159,033
			TOTAL KOREA, REPUBLIC OF		152,594,739
MACAU - 2.8%
	3,106,579		Galaxy Entertainment Group Ltd		20,331,265
	1,599,100		Sands China Ltd		7,711,348
	9,063,300		Wynn Macau Ltd		18,812,286
			TOTAL MACAU		46,854,899
MEXICO - 2.8%
	3,498,500		Cemex SAB de C.V. (ADR)		14,133,940
	912,400		Fresnillo plc		7,969,916
	1,354,200		Grupo Financiero Banorte S.A. de C.V.		8,319,922
	1,379,200		Grupo Televisa SAB (ADR)		15,336,704
			TOTAL MEXICO		45,760,482
PHILIPPINES - 0.5%
	36,649,500	*	Alliance Global Group, Inc		7,774,077
			TOTAL PHILIPPINES		7,774,077
RUSSIA - 3.4%
	1,670,100		Gazprom (ADR)		11,673,999
	142,300		LUKOIL PJSC (ADR)		14,533,099

91

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
	1,936,718		Sberbank of Russia (ADR)	$	30,875,158
			TOTAL RUSSIA		57,082,256
SAUDI ARABIA - 1.3%
	1,256,500		Al Rajhi Bank		22,178,819
			TOTAL SAUDI ARABIA		22,178,819
SOUTH AFRICA - 3.9%
	1,330,400		Absa Group Ltd		12,106,903
	700,200		Foschini Ltd		6,428,861
	994,500		Mr Price Group Ltd		11,205,057
	129,517		Naspers Ltd (N Shares)		21,007,205
	415,000		Sasol Ltd		6,592,715
	2,266,800		Truworths International Ltd		6,660,618
			TOTAL SOUTH AFRICA		64,001,359
TAIWAN - 10.3%
	1,330,300		Globalwafers Co Ltd		17,159,721
	9,451,000		Hon Hai Precision Industry Co, Ltd		25,697,325
	104,700		Largan Precision Co Ltd		16,262,791
	1,001,900		MediaTek, Inc		12,676,418
	8,302,500		Taiwan Semiconductor Manufacturing Co Ltd		85,633,671
	1,972,000		Walsin Technology Corp		13,463,016
			TOTAL TAIWAN		170,892,942
THAILAND - 2.2%
	13,849,300		PTT PCL (ADR)		19,109,435
	378,500	*	Sea Ltd (ADR)		17,123,340
			TOTAL THAILAND		36,232,775
TURKEY - 0.7%
	618,600		Tupras Turkiye Petrol Rafine		11,621,696
			TOTAL TURKEY		11,621,696
			TOTAL COMMON STOCKS		1,493,190,489
			(Cost $1,337,183,113)
PREFERRED STOCKS - 0.0%
PHILIPPINES - 0.0%
	1,721,900	*,†	Ayala Land, Inc		3,388
			TOTAL PHILIPPINES		3,388
			TOTAL PREFERRED STOCKS		3,388
			(Cost $4,057)

92

TIAA-CREF FUNDS - Emerging Markets Equity Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE		VALUE
SHORT-TERM INVESTMENTS - 7.8%
GOVERNMENT AGENCY DEBT - 5.0%
$	10,000,000		Federal Home Loan Bank (FHLB)		1.500	%	02/03/20	$	10,000,000
	19,485,000		FHLB	1.511-1.521			02/14/20		19,475,772
	11,685,000		FHLB		1.531		02/24/20		11,674,435
	20,095,000		FHLB		1.527		03/04/20		20,068,876
	22,840,000		FHLB		1.553		03/17/20		22,797,442
			TOTAL GOVERNMENT AGENCY DEBT						84,016,525
TREASURY DEBT - 2.7%
	31,100,000		United States Treasury Bill		1.465		02/04/20		31,098,810
	13,825,000		United States Treasury Bill		1.481		02/20/20		13,815,381
			TOTAL TREASURY DEBT						44,914,191
	SHARES		COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.1%
	836,350	c	State Street Navigator Securities Lending Government Money Market Portfolio						836,350
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						836,350
			TOTAL SHORT-TERM INVESTMENTS						129,767,066
			(Cost $129,757,346)
			TOTAL INVESTMENTS - 97.9%						1,622,960,943
			(Cost $1,466,944,516)
			OTHER ASSETS & LIABILITIES, NET - 2.1%						34,444,357
			NET ASSETS - 100.0%					$	1,657,405,300

Abbreviation(s):

ADR   American Depositary Receipt

*	Non-income producing
†	Security is categorized as Level 3 in the fair value hierarchy.
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $95,573.
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 1/31/20, the aggregate value of these securities is $25,032,823 or 1.5% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.

93

TIAA-CREF FUNDS - Emerging Markets Equity Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2020

SECTOR	VALUE		% OF NET ASSETS
CONSUMER DISCRETIONARY	$	415,581,268	25.1	%
INFORMATION TECHNOLOGY		291,275,488	17.6
FINANCIALS		249,149,381	15.0
COMMUNICATION SERVICES		197,357,850	11.9
ENERGY		143,119,371	8.6
MATERIALS		86,244,418	5.2
CONSUMER STAPLES		62,439,572	3.8
INDUSTRIALS		48,011,581	2.9
HEALTH CARE		11,560	0.0
REAL ESTATE		3,388	0.0
SHORT-TERM INVESTMENTS		129,767,066	7.8
OTHER ASSETS & LIABILITIES, NET		34,444,357	2.1
NET ASSETS	$	1,657,405,300	100.0	%

94

TIAA-CREF FUNDS - International Equity Fund

TIAA-CREF FUNDS

INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 94.9%
AUSTRALIA - 6.3%
	2,475,578		BHP Billiton Ltd	$	63,483,468
	1,225,247		Commonwealth Bank of Australia		69,370,411
	8,655,052		Fortescue Metals Group Ltd		64,115,107
	909,437		Rio Tinto plc		48,631,426
	1,783,597		Woolworths Ltd		49,537,327
			TOTAL AUSTRALIA		295,137,739
BRAZIL - 1.4%
	2,011,400		Banco do Brasil S.A.		22,797,683
	1,099,000		Cia Brasileira de Distribuicao Grupo Pao de Acucar		21,833,213
	3,571,400		Lojas Americanas S.A. (Preference)		22,974,845
			TOTAL BRAZIL		67,605,741
CHINA - 1.8%
	212,500	*	Alibaba Group Holding Ltd (ADR)		43,900,375
	10,343,500		CITIC Securities Co Ltd		19,872,224
	462,340		Tencent Holdings Ltd		22,049,074
			TOTAL CHINA		85,821,673
DENMARK - 4.9%
	620,319		DSV AS		67,347,258
	1,478,764		Novo Nordisk AS		90,014,807
	637,584	g	Orsted AS		69,542,389
			TOTAL DENMARK		226,904,454
FRANCE - 14.3%
	669,339		Airbus SE		98,301,754
	1,587,629		BNP Paribas S.A.		84,251,537
	1,376,570		Compagnie de Saint-Gobain		51,935,714
	5,016,332		Credit Agricole S.A.		67,771,345
	352,350		Dassault Systemes S.A.		60,996,634
	390,845		Essilor International S.A.		57,867,923
	98,139		Kering		59,964,945
	141,685		Nexity		6,840,284
	867,179		Schneider Electric S.A.		86,480,702
	470,659		Total S.A.		22,916,714
	637,966		Vinci S.A.		70,679,645
			TOTAL FRANCE		668,007,197
GERMANY - 8.5%
	136,102		Adidas-Salomon AG.		43,023,752
	1,088,131		BASF SE		73,445,212
	714,326		Bayer AG.		57,328,581
	300,143		Bayerische Motoren Werke AG.		21,379,619

95

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	VALUE
	3,429,899		Infineon Technologies AG.	$	73,684,322
	317,522		SAP AG.		41,351,248
	714,126	*	Siemens AG.		88,078,942
			TOTAL GERMANY		398,291,676
HONG KONG - 1.7%
	2,355,030		Hong Kong Exchanges and Clearing Ltd		77,380,233
	35		Melco Crown Entertainment Ltd (ADR)		706
			TOTAL HONG KONG		77,380,939
IRELAND - 1.5%
	1,852,664		CRH plc		69,561,615
			TOTAL IRELAND		69,561,615
ITALY - 3.0%
	1,251,242		Moncler S.p.A		53,856,320
	6,612,267		UniCredit S.p.A.		88,322,036
			TOTAL ITALY		142,178,356
JAPAN - 22.3%
	1,239,500		Daiichi Sankyo Co Ltd		83,761,808
	434,716		Daikin Industries Ltd		61,254,677
	2,329,979	*	Hitachi Ltd		88,743,050
	1,004,300		Kao Corp		80,100,098
	2,881,400		Mitsui Fudosan Co Ltd		76,315,322
	324,530		Nintendo Co Ltd		119,380,180
	4,234,900		ORIX Corp		71,537,886
	2,290,200		Recruit Holdings Co Ltd		89,263,463
	247,466		Rohm Co Ltd		17,801,578
	2,126,659		Sony Corp		148,710,542
	2,767,000		Sumitomo Mitsui Financial Group, Inc		97,286,019
	1,581,889		Toyota Motor Corp		109,985,039
			TOTAL JAPAN		1,044,139,662
KOREA, REPUBLIC OF - 0.5%
	455,206		Samsung Electronics Co Ltd		21,091,055
			TOTAL KOREA, REPUBLIC OF		21,091,055
NETHERLANDS - 5.5%
	311,485		ASML Holding NV		87,414,221
	9,332,958		ING Groep NV		101,329,842
	2,584,820		Royal Dutch Shell plc (A Shares)		67,878,298
			TOTAL NETHERLANDS		256,622,361
NORWAY - 1.3%
	3,251,997		Equinor ASA		58,690,654
			TOTAL NORWAY		58,690,654
RUSSIA - 1.0%
	1,414,117		Sberbank of Russia (ADR)		22,543,853
	539,300	*	Yandex NV		24,166,033
			TOTAL RUSSIA		46,709,886

96

TIAA-CREF FUNDS - International Equity Fund

SHARES		COMPANY					VALUE
SWITZERLAND - 8.8%
	5,989,711	Credit Suisse Group					$	75,739,579
	191,481	Lonza Group AG.						78,639,287
	931,855	Nestle S.A.						102,776,711
	464,719	Roche Holding AG.						155,898,516
		TOTAL SWITZERLAND						413,054,093
TAIWAN - 0.5%
	405,004	Taiwan Semiconductor Manufacturing Co Ltd (ADR)						21,845,916
		TOTAL TAIWAN						21,845,916
UNITED KINGDOM - 11.6%
	1,114,233	AstraZeneca plc						109,002,679
	539,250	BP plc (ADR)						19,483,102
	1,840,952	British American Tobacco plc						81,176,605
	408,806	Linde plc (Xetra)						83,264,800
	110,107,412	Lloyds TSB Group plc						82,198,929
	734,946	Reckitt Benckiser Group plc						60,833,908
	25,723,905	Tesco plc						83,667,461
	1,112,654	Travis Perkins plc						22,728,130
		TOTAL UNITED KINGDOM						542,355,614
		TOTAL COMMON STOCKS						4,435,398,631
		(Cost $4,258,715,783)
PRINCIPAL		ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 2.7%
GOVERNMENT AGENCY DEBT - 0.4%
$	19,175,000	Federal Home Loan Bank (FHLB)		1.550	%	02/03/20		19,175,000
		TOTAL GOVERNMENT AGENCY DEBT						19,175,000
TREASURY DEBT - 2.3%
	85,470,000	United States Treasury Bill		1.465		02/06/20		85,459,583
	23,000,000	United States Treasury Bill		1.507		03/10/20		22,965,151
		TOTAL TREASURY DEBT						108,424,734
		TOTAL SHORT-TERM INVESTMENTS						127,599,734
		(Cost $127,589,420)
		TOTAL INVESTMENTS - 97.6%						4,562,998,365
		(Cost $4,386,305,203)
		OTHER ASSETS & LIABILITIES, NET - 2.4%						113,705,163
		NET ASSETS - 100.0%					$	4,676,703,528

Abbreviation(s):

ADR    American Depositary Receipt

*	Non-income producing
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 1/31/20, the aggregate value of these securities is $69,542,389 or 1.5% of net assets.

97

TIAA-CREF FUNDS - International Equity Fund

TIAA-CREF FUNDS

INTERNATIONAL EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2020

SECTOR	VALUE		% OF NET ASSETS
FINANCIALS	$	880,401,577	18.8	%
INDUSTRIALS		636,070,285	13.6
HEALTH CARE		574,645,679	12.3
CONSUMER DISCRETIONARY		561,664,065	12.0
CONSUMER STAPLES		479,925,323	10.3
INFORMATION TECHNOLOGY		412,928,023	8.8
MATERIALS		402,501,629	8.6
ENERGY		168,968,768	3.6
COMMUNICATION SERVICES		165,595,287	3.6
REAL ESTATE		83,155,606	1.8
UTILITIES		69,542,389	1.5
SHORT-TERM INVESTMENTS		127,599,734	2.7
OTHER ASSETS & LIABILITIES, NET		113,705,163	2.4
NET ASSETS	$	4,676,703,528	100.0	%

98

TIAA-CREF FUNDS - International Opportunities Fund

TIAA-CREF FUNDS

INTERNATIONAL OPPORTUNITIES FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 94.3%
AUSTRALIA - 3.7%
	955,496	*	Afterpay Touch Group Ltd	$	23,860,585
	934,508		BHP Billiton Ltd		23,964,427
	1,453,300		IDP Education Ltd		16,918,472
	864,138	*	Zip Co Ltd		2,265,018
			TOTAL AUSTRALIA		67,008,502
BRAZIL - 7.9%
	302,369	*	Arco Platform Ltd		15,686,904
	1,359,300		Banco Inter SA		14,965,440
	1,717,800		Localiza Rent A Car		21,511,608
	2,114,100		Magazine Luiza S.A.		27,545,599
	586,557	*	Pagseguro Digital Ltd		19,057,237
	547,900	*,e	StoneCo Ltd		23,800,776
	484,800	*	XP, Inc		19,459,872
			TOTAL BRAZIL		142,027,436
CANADA - 9.3%
	968,932		Alimentation Couche Tard, Inc		32,383,151
	290,300	e	Bank of Montreal		22,139,927
	1,009,191		Cenovus Energy, Inc		8,784,858
	861,495		Dollarama, Inc		29,352,282
	528,300	*,e	Lightspeed POS, Inc		17,165,558
	55,700	*	Shopify, Inc (Class A)		25,940,442
	382,104	*,g	Spin Master Corp		9,141,161
	738,821		Suncor Energy, Inc		22,582,219
			TOTAL CANADA		167,489,598
CHINA - 7.0%
	1,639,023		Anhui Kouzi Distillery Co Ltd		11,829,445
	14,247,400	*,†	China Animal Healthcare Ltd		18,344
	368,900	*	GDS Holdings Ltd (ADR)		19,075,819
	14,818,908		Haitong Securities Co Ltd		14,320,588
	156,000		Silergy Corp		5,616,978
	1,204,600		Sunny Optical Technology Group Co Ltd		19,141,581
	646,400		Tencent Holdings Ltd		30,826,928
	6,420,434	g	Topsports International Holdings Ltd		7,881,903
	436,400		Yum China Holdings, Inc		18,795,748
			TOTAL CHINA		127,507,334
DENMARK - 2.2%
	510,300		Novo Nordisk AS		31,062,803
	272,500		Tryg A.S.		8,256,710
			TOTAL DENMARK		39,319,513

99

TIAA-CREF FUNDS - International Opportunities Fund

SHARES			COMPANY	VALUE
FRANCE - 4.8%
	171,602		Essilor International S.A.	$	25,407,134
	83,512		L’Oreal S.A.		23,228,500
	154,139		Teleperformance		38,673,099
			TOTAL FRANCE		87,308,733
GERMANY - 5.2%
	309,000		Bayer AG.		24,798,946
	81,100		Bechtle AG.		11,701,793
	161,482		Beiersdorf AG.		18,338,973
	134,400		Deutsche Boerse AG.		21,816,274
	759,700	*	HelloFresh SE		18,114,716
			TOTAL GERMANY		94,770,702
HONG KONG - 1.5%
	2,685,000		AIA Group Ltd		26,605,519
			TOTAL HONG KONG		26,605,519
INDONESIA - 1.2%
	68,313,000		Bank Rakyat Indonesia		22,208,882
			TOTAL INDONESIA		22,208,882
IRELAND - 3.0%
	491,610		CRH plc		18,458,385
	904,286		Keywords Studios plc		14,672,591
	587,889		Smurfit Kappa Group plc		20,330,357
			TOTAL IRELAND		53,461,333
ITALY - 4.5%
	810,500		Amplifon S.p.A.		23,046,170
	2,002,700		Davide Campari-Milano S.p.A		19,358,053
	119,600		Ferrari NV		20,182,704
	451,089		Moncler S.p.A		19,415,903
			TOTAL ITALY		82,002,830
JAPAN - 12.2%
	639,100		Benefit One, Inc		11,172,519
	347,400		en-japan, Inc		13,802,042
	230,800		GMO Payment Gateway, Inc		14,841,207
	2,302,400		Infomart Corp		18,212,840
	158,200	*	IR Japan Holdings Ltd		7,743,290
	749,300	e	Japan Elevator Service Holdings Co Ltd		16,740,229
	517,200	*,e	Kamakura Shinsho Ltd		7,520,859
	930,800	e	MonotaRO Co Ltd		22,327,781
	354,000		Paltac Corp		16,564,541
	462,302		Seria Co Ltd		12,722,179
	275,799	*,e	SHIFT, Inc		18,764,755
	808,400	*	SMS Co Ltd		20,022,788
	349,000		TechnoPro Holdings, Inc		23,109,554
	218,800	*	Workman Co Ltd		17,631,805
			TOTAL JAPAN		221,176,389

100

TIAA-CREF FUNDS - International Opportunities Fund

SHARES			COMPANY	VALUE
KOREA, REPUBLIC OF - 0.2%
	81,700	*	Cafe24 Corp	$	3,325,169
			TOTAL KOREA, REPUBLIC OF		3,325,169
NETHERLANDS - 4.1%
	25,193	*,g	Adyen NV		23,150,021
	107,047		ASML Holding NV		30,041,351
	1,922,500		ING Groep NV		20,872,978
			TOTAL NETHERLANDS		74,064,350
NORWAY - 2.9%
	815,986		Aker BP ASA		22,984,145
	1,066,955		Equinor ASA		19,255,948
	427,810		TGS Nopec Geophysical Co ASA		10,873,990
			TOTAL NORWAY		53,114,083
PHILIPPINES - 1.4%
	5,703,054		Banco de Oro Universal Bank		16,562,299
	6,009,020		Robinsons Retail Holdings, Inc		9,134,938
			TOTAL PHILIPPINES		25,697,237
PORTUGAL - 1.1%
	1,204,396		Jeronimo Martins SGPS S.A.		20,725,126
			TOTAL PORTUGAL		20,725,126
SPAIN - 1.2%
	279,399		Amadeus IT Holding S.A.		21,906,576
	142,139	*,†,e	Let’s GOWEX S.A.		1,576
			TOTAL SPAIN		21,908,152
SWEDEN - 2.8%
	416,726		Boliden AB		9,893,165
	411,035		Hexagon AB (B Shares)		22,345,407
	652,000	e	Intrum Justitia AB		18,064,183
			TOTAL SWEDEN		50,302,755
SWITZERLAND - 4.1%
	329,787	*	Alcon, Inc		19,483,088
	81,367		Lonza Group AG.		33,416,594
	222,935		Novartis AG.		21,060,245
			TOTAL SWITZERLAND		73,959,927
TAIWAN - 1.4%
	1,197,540		Dadi Early-Childhood Education Group Ltd		8,582,456
	727,000		Globalwafers Co Ltd		9,377,672
	1,781,949		Hota Industrial Manufacturing Co Ltd		6,988,394
			TOTAL TAIWAN		24,948,522
UNITED ARAB EMIRATES - 0.4%
	888,300	*,g	Network International Holdings plc		7,110,779
			TOTAL UNITED ARAB EMIRATES		7,110,779
UNITED KINGDOM - 10.5%
	1,164,480		Ashtead Group plc		37,586,968

101

TIAA-CREF FUNDS - International Opportunities Fund

SHARES			COMPANY					VALUE
	2,404,119		Beazley plc					$	17,157,456
	5,921,288	*	boohoo.com plc						23,637,018
	507,700		Dechra Pharmaceuticals plc						19,024,238
	2,207,886		Electrocomponents plc						19,287,691
	447,623		Fevertree Drinks plc						8,133,345
	1,695,494	*	Just Eat plc						19,276,925
	167,485		Linde plc (Xetra)						34,113,015
	6,603,400		Tritax Big Box REIT plc						12,169,066
			TOTAL UNITED KINGDOM						190,385,722
UNITED STATES - 1.7%
	491,885		Burford Capital Ltd						4,085,622
	112,300	*	Lululemon Athletica, Inc						26,883,497
			TOTAL UNITED STATES						30,969,119
			TOTAL COMMON STOCKS						1,707,397,712
			(Cost $1,221,085,362)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 5.1%
GOVERNMENT AGENCY DEBT - 4.0%
$	26,043,000		Federal Home Loan Bank (FHLB)		1.500%-1.595	%	02/03/20		26,043,000
	13,000,000		FHLB		1.500-1.565		02/06/20		12,998,321
	27,665,000		FHLB		1.520		02/10/20		27,656,662
	5,000,000		Federal Agricultural Mortgage Corp (FAMC)		1.500		02/03/20		5,000,000
			TOTAL GOVERNMENT AGENCY DEBT						71,697,983
TREASURY DEBT - 0.5%
	8,965,000		United States Treasury Bill		1.492-1.532		02/20/20		8,958,763
			TOTAL TREASURY DEBT						8,958,763
	SHARES		COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.6%
	11,281,262	c	State Street Navigator Securities Lending Government Money Market Portfolio						11,281,262
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						11,281,262
			TOTAL SHORT-TERM INVESTMENTS						91,938,008
			(Cost $91,931,185)
			TOTAL INVESTMENTS - 99.4%						1,799,335,720
			(Cost $1,313,016,547)
			OTHER ASSETS & LIABILITIES, NET - 0.6%						10,103,852
			NET ASSETS - 100.0%					$	1,809,439,572
			Abbreviation(s):
			ADR    American Depositary Receipt
			REIT    Real Estate Investment Trust
		*	Non-income producing
		†	Security is categorized as Level 3 in the fair value hierarchy.
		c	Investments made with cash collateral received from securities on loan.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $51,759,583.
		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 1/31/20, the aggregate value of these securities is $47,283,864 or 2.6% of net assets.

102

TIAA-CREF FUNDS - International Opportunities Fund

TIAA-CREF FUNDS

INTERNATIONAL OPPORTUNITIES FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2020

			% OF
SECTOR	VALUE		NET ASSETS
INFORMATION TECHNOLOGY	$	368,396,828		20.4	%
CONSUMER DISCRETIONARY		340,729,340		18.8
INDUSTRIALS		230,754,062		12.7
FINANCIALS		210,716,584		11.6
HEALTH CARE		171,910,429		9.5
CONSUMER STAPLES		143,131,531		7.9
MATERIALS		106,759,349		5.9
ENERGY		84,481,160		4.7
COMMUNICATION SERVICES		38,349,362		2.1
REAL ESTATE		12,169,067		0.7
SHORT-TERM INVESTMENTS		91,938,008		5.1
OTHER ASSETS & LIABILITIES, NET		10,103,852		0.6
NET ASSETS	$	1,809,439,572		100.0	%

103

TIAA-CREF FUNDS - Quant International Equity Fund

TIAA-CREF FUNDS

QUANT INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.9%
AUSTRALIA - 7.4%
	809,990		AGL Energy Ltd	$	10,749,549
	22,979		Aristocrat Leisure Ltd		548,030
	18,738		Australian Stock Exchange Ltd		1,060,116
	273,481		BHP Billiton Ltd		7,013,119
	76,323		BlueScope Steel Ltd		714,305
	17,036		Cochlear Ltd		2,713,259
	69,310		Commonwealth Bank of Australia		3,924,158
	170,927		Computershare Ltd		2,018,315
	65,262		CSL Ltd		13,422,344
	1,290,052		Fortescue Metals Group Ltd		9,556,479
	369,421	e	Harvey Norman Holdings Ltd		1,036,695
	1,524,114		Macquarie Goodman Group		15,088,587
	217,516		Macquarie Group Ltd		20,783,715
	1,510,743		Mirvac Group		3,408,178
	63,095		Newcrest Mining Ltd		1,263,164
	68,338		Rio Tinto Ltd		4,434,338
	238,255		Rio Tinto plc		12,740,498
	1,520,305		Santos Ltd		8,725,664
	1,125,135		Suncorp-Metway Ltd		9,611,650
	28		TPG Telecom Ltd		139
	443,016		Wesfarmers Ltd		13,291,369
	482,579		Woolworths Ltd		13,403,069
			TOTAL AUSTRALIA		155,506,740
AUSTRIA - 0.7%
	21,374		Erste Bank der Oesterreichischen Sparkassen AG.		784,797
	171,525		OMV AG.		8,523,773
	203,259		Raiffeisen International Bank Holding AG.		4,630,041
			TOTAL AUSTRIA		13,938,611
BELGIUM - 0.6%
	240,958		Ageas		13,286,794
			TOTAL BELGIUM		13,286,794
DENMARK - 2.3%
	125,325		Carlsberg AS (Class B)		18,301,676
	488,539		Novo Nordisk AS		29,738,176
			TOTAL DENMARK		48,039,852
FINLAND - 1.1%
	156,680		Neste Oil Oyj		6,234,720
	541,818		UPM-Kymmene Oyj		17,071,827
			TOTAL FINLAND		23,306,547

104

TIAA-CREF FUNDS - Quant International Equity Fund

SHARES			COMPANY		VALUE
FRANCE - 9.8%
	12,489		Airbus SE	$	1,834,184
	333,131		Alstom RGPT		17,656,026
	5,254		Arkema		481,420
	1,279,336		Credit Agricole S.A.		17,284,008
	84,430		Dassault Systemes S.A.		14,615,995
	121,690		Eiffage S.A.		14,105,544
	158,538		Faurecia		7,553,790
	50,858		Gecina S.A.		9,611,248
	18,341		Hermes International		13,695,707
	10,656		Kering		6,511,035
	65,086		Klepierre		2,212,395
	92,897		L’Oreal S.A.		25,838,897
	30,644		LVMH Moet Hennessy Louis Vuitton S.A.		13,344,608
	836,440		Peugeot S.A.		17,222,506
	162,085		Publicis Groupe S.A.		7,185,090
	114,770		Safran S.A.		18,505,181
	53,138		Sanofi-Aventis		5,124,539
	284,974		Total S.A.		13,875,582
			TOTAL FRANCE		206,657,755
GERMANY - 8.6%
	70,884		Adidas-Salomon AG.		22,407,427
	136,025		Allianz AG.		32,475,074
	4,649		Bayer AG.		373,108
	463,587		Deutsche Telekom AG.		7,508,161
	19,388		Evonik Industries AG.		531,304
	15,145		Hannover Rueckversicherung AG.		2,940,650
	231,897		HeidelbergCement AG.		15,639,399
	97,934		KION Group AG.		6,129,869
	148,850		Lanxess AG.		8,927,001
	158,060		Merck KGaA		20,267,946
	65,163		MTU Aero Engines Holding AG.		19,735,584
	66,231		Muenchener Rueckver AG.		19,527,559
	62,667		SAP AG.		8,161,194
	26,091	*	Siemens AG.		3,218,014
	64,714		Volkswagen AG.		11,849,365
	13,764		Wirecard AG.		2,033,292
			TOTAL GERMANY		181,724,947
HONG KONG - 2.3%
	1,855,975		AIA Group Ltd		18,390,755
	1,963,500		BOC Hong Kong Holdings Ltd		6,490,512
	63,000		CK Infrastructure Holdings Ltd		439,539
	1,881,000		Henderson Land Development Co Ltd		8,445,035
	2,856,000		HKT Trust and HKT Ltd		4,263,238
	66,300		Hong Kong Exchanges and Clearing Ltd		2,178,448
	74,100		Jardine Matheson Holdings Ltd		4,130,477
	70,100		Link REIT		708,887
	29,900		Melco Crown Entertainment Ltd (ADR)		603,083
	2,170,000		New World Development Co Ltd		2,710,617
			TOTAL HONG KONG		48,360,591

105

TIAA-CREF FUNDS - Quant International Equity Fund

SHARES			COMPANY	VALUE
IRELAND - 0.6%
	84,971	*	AerCap Holdings NV	$	4,810,208
	553,664		Bank of Ireland Group plc		2,696,468
	59,941		CRH plc		2,250,593
	13,416		Kerry Group plc (Class A)		1,715,550
	27,894		Kingspan Group plc		1,721,579
			TOTAL IRELAND		13,194,398
ISRAEL - 0.6%
	36,830		Azrieli Group		2,714,257
	1,258,178		Israel Discount Bank Ltd		5,706,631
	164,518		Mizrahi Tefahot Bank Ltd		4,478,432
			TOTAL ISRAEL		12,899,320
ITALY - 2.4%
	933,968		Assicurazioni Generali S.p.A.		18,198,988
	3,353,419		Enel S.p.A.		29,229,453
	784,049		Snam Rete Gas S.p.A.		4,202,236
			TOTAL ITALY		51,630,677
JAPAN - 23.9%
	12,500		Advantest Corp		652,134
	312,000		Alfresa Holdings Corp		6,268,767
	160,000		Amada Co Ltd		1,666,376
	631,900		Astellas Pharma, Inc		11,165,749
	72,600		Bank of Kyoto Ltd		2,901,512
	38,300	*	Casio Computer Co Ltd		709,905
	80,700		Central Japan Railway Co		15,839,922
	287,800		Chubu Electric Power Co, Inc		3,908,522
	130,600		Chugai Pharmaceutical Co Ltd		13,377,187
	264,700		Chugoku Electric Power Co, Inc		3,493,563
	44,800		Credit Saison Co Ltd		718,636
	1,183,400		Dai-ichi Mutual Life Insurance Co		17,563,060
	3,800		Daiichi Sankyo Co Ltd		256,793
	60,800		Daikin Industries Ltd		8,567,167
	312,000		Daiwa House Industry Co Ltd		9,822,510
	68,900		Don Quijote Co Ltd		1,111,823
	269,200	e	FamilyMart Co Ltd		5,887,454
	118,900		Fujifilm Holdings Corp		5,905,106
	110,600		Fujitsu Ltd		11,694,034
	20,000		Fukuoka Financial Group, Inc		346,587
	19,300		Hankyu Hanshin Holdings, Inc		783,042
	19,000		Hikari Tsushin, Inc		4,670,273
	12,800		Hitachi High-Technologies Corp		915,199
	83,000		Hulic Co Ltd		1,006,342
	58,700		Iida Group Holdings Co Ltd		989,319
	475,800		Inpex Holdings, Inc		4,441,197
	340,400		Isuzu Motors Ltd		3,335,051
	503,800		Itochu Corp		11,769,255
	865,100		Japan Tobacco, Inc		18,292,070
	244,200		Kajima Corp		3,098,013
	9,700		Kakaku.com, Inc		253,407
	59,900		Kao Corp		4,777,453
	711,900		KDDI Corp		21,512,944
	6,800		Keyence Corp		2,285,867

106

TIAA-CREF FUNDS - Quant International Equity Fund

SHARES			COMPANY	VALUE
	32,700		Komatsu Ltd	$	723,030
	421,700		Kubota Corp		6,603,647
	159,900		Kurita Water Industries Ltd		4,676,021
	98,200		LIXIL Group Corp		1,632,812
	277,000		Mediceo Paltac Holdings Co Ltd		5,869,625
	19,900		MEIJI Holdings Co Ltd		1,400,439
	35,600		Mitsubishi Heavy Industries Ltd		1,298,594
	74,200		Mitsubishi UFJ Financial Group, Inc		380,989
	760,900		Mitsubishi UFJ Lease & Finance Co Ltd		4,765,974
	176,900		Mitsui Fudosan Co Ltd		4,685,285
	444,800		Mitsui Sumitomo Insurance Group Holdings, Inc		14,772,995
	29,700		MonotaRO Co Ltd		712,436
	242,400		Murata Manufacturing Co Ltd		13,723,426
	36,100		Namco Bandai Holdings, Inc		2,097,715
	11,600		Nippon Express Co Ltd		604,465
	22,200		Nippon Meat Packers, Inc		974,516
	498,800		Nippon Yusen Kabushiki Kaisha		7,942,853
	7,000		Nitori Co Ltd		1,087,807
	92,400		Nitto Denko Corp		5,136,340
	130,000		Nomura Real Estate Holdings, Inc		3,201,380
	139,900		NTT Data Corp		1,965,204
	41,400		Obic Co Ltd		5,641,227
	133,800		OJI Paper Co Ltd		679,784
	25,600		Oriental Land Co Ltd		3,334,015
	144,000		Otsuka Corp		5,615,259
	96,800		Recruit Holdings Co Ltd		3,772,903
	301,000		Seibu Holdings, Inc		4,691,855
	20,200		Sekisui Chemical Co Ltd		336,440
	35,800		Seven & I Holdings Co Ltd		1,372,691
	20,000		SG Holdings Co Ltd		422,867
	298,000		Sharp Corp		4,042,414
	135,300		Shin-Etsu Chemical Co Ltd		15,473,402
	186,400		Shionogi & Co Ltd		11,085,971
	819,700		Softbank Corp		11,245,537
	259,800		Softbank Group Corp		10,489,309
	442,500		Sony Corp		30,942,626
	278,700		Sony Financial Holdings, Inc		6,416,832
	72,600		Sumitomo Realty & Development Co Ltd		2,672,806
	102,400		Sundrug Co Ltd		3,470,143
	9,300		Suntory Beverage & Food Ltd		393,746
	126,100		Suzuken Co Ltd		4,834,665
	476,100		T&D Holdings, Inc		5,074,890
	101,100		Taisei Corp		4,036,290
	211,200		Taiyo Nippon Sanso Corp		4,629,279
	106,400		TDK Corp		11,265,155
	602,100		Toppan Printing Co Ltd		11,999,868
	202,400		Toshiba Corp		6,468,776
	159,400		Toyoda Gosei Co Ltd		3,616,560
	507,576		Toyota Motor Corp		35,290,571
	268,100		Toyota Tsusho Corp		9,268,767
	5,800		Tsuruha Holdings, Inc		709,930
	21,000	e	Welcia Holdings Co Ltd		1,153,187
			TOTAL JAPAN		504,689,557

107

TIAA-CREF FUNDS - Quant International Equity Fund

SHARES			COMPANY	VALUE
NETHERLANDS - 4.1%
	1,558,805	*	Altice NV (Class A)	$	10,018,688
	113,899		ASML Holding NV		31,964,276
	413,863		Royal Dutch Shell plc (A Shares)		10,868,190
	1,086,417		Royal Dutch Shell plc (B Shares)		28,547,345
	57,579		Wolters Kluwer NV		4,326,572
			TOTAL NETHERLANDS		85,725,071
NEW ZEALAND - 0.3%
	129,094		Fisher & Paykel Healthcare Corp		1,931,084
	60,134		Ryman Healthcare Ltd		637,524
	1,191,263		Telecom Corp of New Zealand Ltd		3,567,979
			TOTAL NEW ZEALAND		6,136,587
NORWAY - 0.3%
	248,943		DNB NOR Holding ASA		4,352,163
	154,393		Equinor ASA		2,786,419
			TOTAL NORWAY		7,138,582
SINGAPORE - 1.3%
	187,600		CapitaLand Ltd		494,359
	589,100		DBS Group Holdings Ltd		10,851,837
	227,200		Mapletree Commercial Trust		390,179
	1,041,700		Oversea-Chinese Banking Corp		8,197,248
	1,282,800		Singapore Exchange Ltd		8,138,557
			TOTAL SINGAPORE		28,072,180
SOUTH AFRICA - 0.9%
	703,031		Anglo American plc		18,344,957
			TOTAL SOUTH AFRICA		18,344,957
SPAIN - 2.5%
	376,365		ACS Actividades Construccion y Servicios S.A.		12,513,022
	66,484	g	Aena S.A.		12,304,865
	2,150,196		Banco Bilbao Vizcaya Argentaria S.A.		11,130,689
	289,328		Endesa S.A.		7,944,105
	757,618		Iberdrola S.A.		8,289,355
	14,030	*	Iberdrola S.A. - Interim		153,507
			TOTAL SPAIN		52,335,543
SWEDEN - 2.8%
	129,072		Boliden AB		3,064,197
	84,775		Hennes & Mauritz AB (B Shares)		1,859,945
	136,874		Lundin Petroleum AB		4,162,979
	579,678		Sandvik AB		10,580,101
	301,376		Swedish Match AB		17,039,233
	1,339,843		Volvo AB (B Shares)		22,902,913
			TOTAL SWEDEN		59,609,368
SWITZERLAND - 10.5%
	208,573		Holcim Ltd		10,599,845
	1,060		Lindt & Spruengli AG.		8,897,529
	329,524		Nestle S.A.		36,344,059

108

TIAA-CREF FUNDS - Quant International Equity Fund

SHARES			COMPANY	VALUE
	451,084		Novartis AG.	$	42,613,047
	158,204		Roche Holding AG.		53,072,435
	807,958		STMicroelectronics NV		22,495,204
	39,238		Swiss Life Holding		19,723,931
	25,462		Swisscom AG.		13,970,065
	32,082		Zurich Financial Services AG.		13,317,804
			TOTAL SWITZERLAND		221,033,919
UNITED KINGDOM - 14.6%
	904,617		3i Group plc		13,159,252
	281,552		Ashtead Group plc		9,087,907
	162,112		AstraZeneca plc (ADR)		7,894,855
	340,209	g	Auto Trader Group plc		2,510,328
	203,993		BP plc (ADR)		7,370,267
	682,921		British American Tobacco plc		30,113,337
	3,006,660		BT Group plc		6,388,997
	2,074,340		CK Hutchison Holdings Ltd		18,328,266
	232,545		Compass Group plc		5,749,025
	495,858		Diageo plc		19,607,763
	154,059		Experian Group Ltd		5,362,480
	594,648		Fiat DaimlerChrysler Automobiles NV		7,746,608
	1,312,744		GlaxoSmithKline plc		30,822,455
	178,634		GVC Holdings plc		2,065,498
	142,573		Halma plc		3,957,322
	2,426,090		HSBC Holdings plc		17,638,113
	50,283		JD Sports Fashion plc		543,771
	3,722,418		Legal & General Group plc		14,971,205
	14,635		London Stock Exchange Group plc		1,512,392
	5,683,354	*	M&G plc		17,934,068
	42,219		Next plc		3,836,839
	566,236		RELX plc		15,023,272
	250,235		Rolls-Royce Group plc		2,204,153
	375,640		Segro plc		4,510,648
	389,867		Severn Trent plc		13,277,190
	4,466,160		Taylor Wimpey plc		12,685,659
	2,393,965		Tesco plc		7,786,414
	303,959		Unilever NV		17,736,666
	385,100		Vodafone Group plc (ADR)		7,551,811
			TOTAL UNITED KINGDOM		307,376,561
UNITED STATES - 1.3%
	45,249		Ferguson plc		4,063,441
	350,000		iShares MSCI EAFE Index Fund		23,618,000
			TOTAL UNITED STATES		27,681,441
			TOTAL COMMON STOCKS		2,086,689,998
			(Cost $1,890,055,958)

109

TIAA-CREF FUNDS - Quant International Equity Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 0.6%
GOVERNMENT AGENCY DEBT - 0.3%
$	6,310,000		Federal Home Loan Bank (FHLB)		1.500	%	02/03/20	$	6,310,000
			TOTAL GOVERNMENT AGENCY DEBT						6,310,000
	SHARES		COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3%
	6,436,684	c	State Street Navigator Securities Lending Government Money Market Portfolio						6,436,684
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						6,436,684
			TOTAL SHORT-TERM INVESTMENTS						12,746,684
			(Cost $12,746,158)
			TOTAL INVESTMENTS - 99.5%						2,099,436,682
			(Cost $1,902,802,116)
			OTHER ASSETS & LIABILITIES, NET - 0.5%						11,269,838
			NET ASSETS - 100.0%					$	2,110,706,520

	Abbreviation(s):
	ADR    American Depositary Receipt
	REIT    Real Estate Investment Trust
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $6,737,852.
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 1/31/20, the aggregate value of these securities is $14,815,193 or 0.7% of net assets.

110

TIAA-CREF FUNDS - Quant International Equity Fund

TIAA-CREF FUNDS

QUANT INTERNATIONAL EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2020

			% OF
SECTOR	VALUE		NET ASSETS
FINANCIALS	$	401,935,531		19.0	%
INDUSTRIALS		315,122,617		14.9
HEALTH CARE		261,469,530		12.4
CONSUMER STAPLES		235,215,820		11.1
CONSUMER DISCRETIONARY		234,115,481		11.1
INFORMATION TECHNOLOGY		144,908,209		6.9
MATERIALS		138,551,251		6.6
COMMUNICATION SERVICES		106,465,692		5.1
ENERGY		95,536,136		4.5
UTILITIES		81,687,018		3.9
REAL ESTATE		71,682,713		3.4
SHORT-TERM INVESTMENTS		12,746,684		0.6
OTHER ASSETS & LIABILITIES, NET		11,269,838		0.5
NET ASSETS	$	2,110,706,520		100.0	%

111

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

TIAA-CREF FUNDS

QUANT INTERNATIONAL SMALL-CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 97.1%
AUSTRALIA - 4.2%
	440,000		Ansell Ltd	$	9,300,401
	779,000		Bunnings Warehouse Property Trust		2,125,613
	886,000		Charter Hall Group		7,559,754
	554,000	g	Coronado Global Resources, Inc (ADR)		744,807
	1,541,000		Downer EDI Ltd		7,548,663
	338,000		Futuris Corp Ltd		1,663,138
	561,000		GDI Property Group		580,199
	402,008	e	Genworth Mortgage Insurance Australia Ltd		984,921
	2,395,000		Metcash Ltd		4,150,400
	2,155,000		Perenti Global Ltd		2,184,489
	110,000		Select Harvests Ltd		624,267
	644,000	e	Super Cheap Auto Group Ltd		4,009,772
	196,000		Village Roadshow Ltd		527,376
			TOTAL AUSTRALIA		42,003,800
AUSTRIA - 0.6%
	50,000		Wiener Staedtische Allgemeine Versicherung AG.		1,349,644
	159,000		Wienerberger AG.		4,511,192
			TOTAL AUSTRIA		5,860,836
BELGIUM - 0.3%
	36,000		KBC Ancora		1,793,089
	63,000		Mobistar S.A.		1,281,418
			TOTAL BELGIUM		3,074,507
BRAZIL - 3.3%
	1		Aliansce Sonae Shopping Centers sa		9
	880,000		Bradespar S.A.		7,604,913
	317,000		Cia de Saneamento do Parana (Preference)		1,475,228
	617,000		Cia Paranaense de Energia		10,577,719
	103,000		LOG Commercial Properties e Participacoes S.A.		760,006
	161,000		Tegma Gestao Logistica		1,494,361
	803,000		Transmissora Alianca de Energia Eletrica S.A.		5,805,090
	1,282,000		Yamana Gold, Inc		5,221,384
			TOTAL BRAZIL		32,938,710
CANADA - 4.3%
	212,000		Aecon Group, Inc		2,756,929
	2,545,000	*	Baytex Energy Trust		2,769,231
	154,000	e	Canaccord Financial, Inc		572,525
	121,000		Cascades, Inc		1,034,086
	59,000		Cogeco Communications, Inc		4,632,084
	11,000		Cogeco, Inc		770,682
	147,000		Enerflex Ltd		1,124,105

112

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

SHARES			COMPANY	VALUE
	631,000	e	Enerplus Resources Fund	$	3,218,415
	14,000	e	Exchange Income Corp		449,071
	107,000	e	Extendicare, Inc		665,415
	69,000	e	Genworth MI Canada, Inc		3,044,884
	65,000		Granite REIT		3,512,279
	3,000		iShares S&P/TSX SmallCap Index ETF		33,641
	179,000		Labrador Iron Ore Royalty Corp		2,852,584
	120,000		Martinrea International, Inc		1,169,714
	115,000		Northview Apartment Real Estate Investment Trust		2,668,619
	229,000	*	Paramount Resources Ltd (Class A)		1,045,156
	197,900		Russel Metals, Inc		3,212,099
	192,600		TFI International, Inc		6,167,740
	100,000	e	Timbercreek Financial Corp		760,919
			TOTAL CANADA		42,460,178
CHILE - 0.4%
	30,652,000	*	Compania SudAmericana de Vapores S.A.		963,641
	1,000,000		Empresa Electrica del Norte Grande S.A.		1,398,905
	750,000		Parque Arauco S.A.		1,714,982
			TOTAL CHILE		4,077,528
CHINA - 3.0%
	1,527,000		Asia Cement China Holdings Corp		1,917,001
	806,000	*	AVIC International Holdings Ltd		839,358
	1,794,000		Beijing North Star Co		509,949
	941,000		Central China Real Estate Ltd		540,408
	490,000		China Meidong Auto Holdings Ltd		600,390
	4,750,000		China Overseas Grand Oceans Group Ltd		3,103,652
	1,389,000		China Shineway Pharmaceutical Group Ltd		1,201,417
	5,968,000		China Suntien Green Energy Cor		1,538,046
	4,514,000		Citic 1616 Holdings Ltd		1,558,483
	946,000		Cofco International Ltd		355,359
	1,768,000		Fufeng Group Ltd		683,194
	3,128,000		Fushan International Energy Group Ltd		615,801
	1,803,000		Jingrui Holdings Ltd		531,287
	452,000	*,e	JinkoSolar Holding Co Ltd (ADR)		8,452,400
	2,946,000		Lonking Holdings Ltd		772,707
	662,000		Road King Infrastructure		1,111,363
	1,989,000		TCL Multimedia Technology Holdings Ltd		890,947
	2,940,000		Tiangong International Co Ltd		999,356
	2,626,000	e	Tianneng Power International Ltd		1,757,861
	13,760,000		West China Cement Ltd		2,211,009
			TOTAL CHINA		30,189,988
COLOMBIA - 0.2%
	68,000	*	Corp Financiera Colombiana S.A.		646,199
	120,000	e	Frontera Energy Corp		853,257
			TOTAL COLOMBIA		1,499,456
DENMARK - 1.6%
	21,000		PER Aarsleff A.S.		638,313
	30,000		Ringkjoebing Landbobank A.S.		2,230,665
	80,000		Royal Unibrew A.S.		7,605,461
	111,000	g	Scandinavian Tobacco Group A.S.		1,455,476

113

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

SHARES			COMPANY	VALUE
	83,000		Topdanmark AS	$	3,922,172
			TOTAL DENMARK		15,852,087
FINLAND - 1.1%
	168,000		Kemira Oyj		2,541,409
	96,000		Kesko Oyj (B Shares)		6,490,170
	88,000		Valmet Corp		1,903,592
			TOTAL FINLAND		10,935,171
FRANCE - 2.2%
	22,000		Carbone Lorraine		720,750
	4,180,000	*	CGG S.A.		11,745,475
	167,000		Coface S.A.		2,061,401
	168,000	*,g	Elior Participations S.C.A		2,355,379
	39,000		Nexity		1,882,846
	31,000		Sechilienne-Sidec		1,032,129
	7,000	*	Virbac S.A.		1,715,700
			TOTAL FRANCE		21,513,680
GERMANY - 2.2%
	6,000		Amadeus Fire AG		1,015,791
	280,000		Borussia Dortmund GmbH & Co KGaA		2,738,909
	30,000		Cancom SE		1,784,886
	7,000		Cewe Color Holding AG.		798,442
	440,000	g	Deutsche Pfandbriefbank AG.		7,086,877
	12,000		Eckert & Ziegler Strahlen- und Medizintechnik AG.		2,285,563
	10,000		Hornbach Holding AG. & Co KGaA		632,158
	455,000	*	Metro AG.		2,351,870
	862,000		Sirius Real Estate Ltd		1,028,997
	30,000	*	Stabilus S.A.		1,822,534
			TOTAL GERMANY		21,546,027
HONG KONG - 1.4%
	1,903,734		K Wah International Holdings Ltd		927,928
	1,926,000		Melco International Development		4,159,508
	498,000		NetDragon Websoft, Inc		1,202,828
	2,004,000		Pou Sheng International Holdings Ltd		596,831
	360,000		Seaspan Corp		4,345,200
	4,000,000		Shun TAK Holdings Ltd		1,714,838
	1,688,000	e	United Laboratories Ltd		1,104,825
			TOTAL HONG KONG		14,051,958
INDIA - 0.8%
	329,000		Adani Enterprises Ltd		1,056,039
	33,000	g	AU Small Finance Bank Ltd		491,153
	444,000	*	Indiabulls Real Estate Ltd		662,663
	1,058,000	*	Jindal Steel & Power Ltd		2,579,588
	29,001		Mphasis Ltd		377,212
	1,164,000		Nagarjuna Construction Co		890,353
	703,000	*	Power Finance Corp Ltd		1,145,901
	59,000		Rajesh Exports Ltd		595,478
	108,000		Torrent Power Ltd		468,884
			TOTAL INDIA		8,267,271

114

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

SHARES			COMPANY	VALUE
INDONESIA - 0.6%
	16,139,000		PT Erajaya Swasembada Tbk	$	1,861,860
	22,714,000		PT Media Nusantara Citra Tbk		2,629,802
	10,531,000		PT Mitra Adiperkasa Tbk		739,798
	22,984,000		PT Puradelta Lestari Tbk		465,486
			TOTAL INDONESIA		5,696,946
IRELAND - 0.2%
	442,000	*	C&C Group plc		2,089,506
			TOTAL IRELAND		2,089,506
ISRAEL - 1.3%
	229,000		Amot Investments Ltd		1,665,713
	41,000		Ashtrom Group Ltd		610,909
	2,700		Bayside Land Corp		2,160,462
	8,000		Big Shopping Centers Ltd		900,503
	6,000		Blue Square Real Estate Ltd		426,808
	14,000		Elco Holdings Ltd		547,524
	76,000		First International Bank Of Israel Ltd		2,125,144
	677,250	*	Industrial Buildings Corp		1,918,261
	520,000		Shikun & Binui Ltd		2,547,666
			TOTAL ISRAEL		12,902,990
ITALY - 3.3%
	120,000		ACEA S.p.A.		2,801,459
	578,000		Actelios S.p.A.		3,760,560
	343,000	*	Arnoldo Mondadori Editore S.p.A.		704,508
	94,000		Autostrada Torino-Milano S.p.A.		2,745,962
	436,000		Azimut Holding S.p.A.		10,697,032
	1,050,000		Piaggio & C S.p.A.		2,871,662
	1,711,000		Unipol Gruppo Finanziario S.p.A		8,711,754
			TOTAL ITALY		32,292,937
JAPAN - 21.4%
	263,000	e	Adastria Holdings Co Ltd		5,166,845
	51,000	*	Aichi Corp		333,849
	49,000	*	Amuse, Inc		1,261,411
	30,000	*	Arata Corp		1,240,861
	119,000		Asahi Holdings, Inc		2,988,038
	65,000	*	BayCurrent Consulting, Inc		4,538,399
	168,000		Bunka Shutter Co Ltd		1,342,976
	995,000	*,e	Chiyoda Corp		2,815,379
	60,000	*	Cocokara Fine Holdings, Inc		3,694,753
	14,129	*	Daiichi Jitsugyo Co Ltd		449,372
	52,000		Daishi Hokuetsu Financial Group, Inc		1,280,430
	110,800		Daiwabo Co Ltd		6,168,456
	40,000	*	Dip Corp		1,273,332
	209,990	*	EDION Corp		2,170,858
	131,000	*	Eiken Chemical Co Ltd		2,602,652
	223,000	*	eRex Co Ltd		3,385,020
	123,000	*	Goldcrest Co Ltd		2,114,396
	34,000	*,e	Goldwin, Inc		2,063,028
	51,000		G-Tekt Corp		732,363

115

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

SHARES			COMPANY	VALUE
	593,000	*,e	Gulliver International Co Ltd	$	3,177,671
	978,000		Haseko Corp		12,751,109
	23,000	*	Hochiki Corp		320,059
	17,899		Hosokawa Micron Corp		821,125
	20,000		Inaba Denki Sangyo Co Ltd		500,403
	72,847		Inabata & Co Ltd		975,030
	3,000		Invincible Investment Corp		1,515,544
	92,000	*	Japan Best Rescue System Co Ltd		810,676
	91,000	e	Japan Elevator Service Holdings Co Ltd		2,033,045
	142,000	*	Japan Petroleum Exploration Co		3,487,341
	257,000	*	JDC Corp		1,401,964
	39,000		Kaken Pharmaceutical Co Ltd		2,056,535
	187,800		Kanematsu Corp		2,407,879
	74,000	*	Kohnan Shoji Co Ltd		1,613,582
	99,000	e	Koshidaka Holdings Co Ltd		1,397,384
	83,000	*	Kotobuki Spirits Co Ltd		5,480,254
	159,200		Kumagai Gumi Co Ltd		4,544,518
	82,000	*	Kyoei Steel Ltd		1,438,243
	397,000		Kyowa Exeo Corp		9,910,619
	80,000	*	LEC, Inc		885,705
	26,000	*	M&A Capital Partners Co Ltd		809,966
	423,565	e	Maeda Corp		4,043,050
	110,000	e	Maeda Road Construction Co Ltd		3,717,997
	18,000		Maruzen Showa Unyu Co Ltd		480,409
	47,000	*	Mitsui-Soko Co Ltd		767,940
	53,000	*	Mizuno Corp		1,277,609
	17,000	*	NEC Capital Solutions Ltd		386,462
	88,000	e	NET One Systems Co Ltd		1,450,912
	87,000		Nippo Corp		2,134,491
	77,000		Nippon Konpo Unyu Soko Co Ltd		1,776,583
	7,000	*	Nippon Road Co Ltd		474,974
	110,000		Nojima Corp		2,169,826
	230,000	*,e	Nomura Co Ltd		2,612,078
	70,000	*	Oki Electric Industry Co Ltd		871,516
	144,000		Open House Co Ltd		3,828,007
	1,231,000		Penta-Ocean Construction Co Ltd		7,270,713
	79,000	*	Prima Meat Packers Ltd		1,746,203
	193,000		Raito Kogyo Co Ltd		2,703,804
	593,000	*	Rengo Co Ltd		4,155,182
	151,000		Sanki Engineering Co Ltd		2,052,343
	100,000		SBS Holdings, Inc		1,662,829
	75,000	*	Shinko Plantech Co Ltd		870,031
	123,000		Shinnihon Corp		1,023,954
	23,000	*	Shinwa Kaiun Kaisha Ltd		419,183
	30,000	*	Sinko Industries Ltd		465,889
	61,000	*	Strike Co Ltd		2,600,934
	36,000		Sumitomo Densetsu Co Ltd		866,782
	722,200		Sumitomo Mitsui Construction C		4,061,992
	157,000		Sun Frontier Fudousan Co Ltd		1,753,221
	49,000		Sushiro Global Holdings Ltd		4,111,970
	35,000	*	Taikisha Ltd		1,196,811
	301,000		Takara Leben Co Ltd		1,341,067
	147,000	*	Takasago Thermal Engineering Co Ltd		2,552,817
	69,000		Tamron Co Ltd		1,465,484

116

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

SHARES			COMPANY	VALUE
	97,000	*	Telepark Corp	$	2,385,413
	163,000		Toho Pharmaceutical Co Ltd		3,347,473
	738,000		Tokyo Steel Manufacturing Co Ltd		5,528,964
	42,000		Torii Pharmaceutical Co Ltd		1,425,466
	197,000		Tosei Corp		2,542,568
	117,000		Towa Pharmaceutical Co Ltd		2,671,619
	468,000		Toyo Construction Co Ltd		2,216,926
	9,000		Trancom Co Ltd		638,990
	187,000		Unizo Holdings Co Ltd		9,509,313
	225,000	*	VT Holdings Co Ltd		920,469
	90,000	*	World Co Ltd		1,972,730
	116,000	*	Yellow Hat Ltd		1,846,596
	107,000		Zenkoku Hosho Co Ltd		4,577,863
			TOTAL JAPAN		211,858,523
JORDAN - 0.5%
	209,000		Hikma Pharmaceuticals plc		5,046,798
			TOTAL JORDAN		5,046,798
KOREA, REPUBLIC OF - 5.0%
	14,000	*	Chong Kun Dang Pharm Corp		1,308,305
	41,000	*	Daewoong Co Ltd		391,267
	119,000	*	Dongbu HiTek Co Ltd		2,664,471
	147,000	*	Dongwon Development Co Ltd		478,940
	594,000	*	Eugene Corp		2,041,011
	25,000	*	Global & Yuasa Battery Co Ltd		700,015
	51,000		Hansol Paper Co Ltd		607,085
	71,000	*	Hyosung Corp		4,210,617
	85,000	*	Hyundai Wia Corp		3,016,227
	221,000	*	JB Financial Group Co Ltd		942,455
	124,000	*	Jinro Ltd		3,098,907
	74,000	*	KEPCO Plant Service & Engineering Co Ltd		2,318,439
	35,000		Kginicis Co Ltd		514,685
	30,000	*	Lotte Data Communication Co		1,009,971
	38,000	*	LS Industrial Systems Co Ltd		1,660,830
	10,000	*	Maeil Dairies Co Ltd		757,477
	154,000	*	Mando Corp		4,281,115
	36,000	*	NICE Holdings Co Ltd		667,410
	52,000		S&T Daewoo Co Ltd		1,699,375
	6,000	*	Samchully Co Ltd		394,322
	39,000	*	Samsung Fine Chemicals Co Ltd		1,262,066
	213,000	*	Samsung Techwin Co Ltd		5,759,757
	266,000	*	Taeyoung Engineering & Construction		3,047,406
	75,000	*	Technosemichem Co Ltd		6,094,808
	12,000		Unid Co Ltd		440,452
			TOTAL KOREA, REPUBLIC OF		49,367,413
MALAYSIA - 0.5%
	3,183,000		Drb-Hicom BHD		1,750,887
	6,264,000	*	Felda Global Ventures Holdings BHD		1,834,699
	2,849,148		Sunway BHD		1,247,208
			TOTAL MALAYSIA		4,832,794

117

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

SHARES			COMPANY	VALUE
MEXICO - 1.4%
	185,000		Bolsa Mexicana de Valores S.A. de C.V.	$	426,091
	453,000		Concentradora Fibra Danhos S.A. de C.V.		695,485
	900,000		Corp Inmobiliaria Vesta SAB de C.V.		1,648,964
	3,500,000		Gentera SAB de C.V.		3,941,679
	560,000		PLA Administradora Industrial S de RL de C.V.		909,253
	293,000		ProLogis Property Mexico S.A. de C.V.		648,320
	773,000		Qualitas Controladora SAB de C.V.		3,474,010
	390,000		Regional SAB de C.V.		2,233,437
			TOTAL MEXICO		13,977,239
NETHERLANDS - 2.8%
	88,000		ASM International NV		10,694,327
	5,150,000	*	Pharming Group NV		7,539,644
	290,000	g	Signify NV		9,664,774
			TOTAL NETHERLANDS		27,898,745
NORWAY - 1.2%
	486,000	*	BW Offshore Ltd		2,650,391
	282,000	g	Europris ASA		1,025,422
	199,000		Frontline Ltd (Sigmax MTF)		1,799,166
	531,000		Golden Ocean Group Ltd		2,407,061
	64,000		Kongsberg Gruppen ASA		995,004
	151,000		Sparebanken Midt-Norge		1,667,937
	130,000		Sparebanken Nord-Norge		1,091,113
			TOTAL NORWAY		11,636,094
PHILIPPINES - 0.1%
	1,824,000		First Gen Corp		728,452
			TOTAL PHILIPPINES		728,452
POLAND - 0.4%
	440,000	g	PLAY Communications S.A.		4,045,063
			TOTAL POLAND		4,045,063
PORTUGAL - 0.2%
	390,000		PT Multimedia Servicos de Telecomunicacoes e Multimedia SGPS S.A.		2,024,251
			TOTAL PORTUGAL		2,024,251
RUSSIA - 0.1%
	150,000		AFK Sistema		861,000
			TOTAL RUSSIA		861,000
SAUDI ARABIA - 1.1%
	138,000		Arabian Cement Co		1,447,308
	360,000		City Cement Co		1,924,734
	64,000		Eastern Province Cement Co		687,420
	975,000	*	Najran Cement Co		3,404,184
	58,000	*	Qassim Cement Co		1,190,299
	360,000	*	Yamama Cement Co		2,705,757
			TOTAL SAUDI ARABIA		11,359,702
SINGAPORE - 0.9%
	3,546,000		Ascott Trust		3,274,190

118

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

SHARES			COMPANY	VALUE
	560,000	g	BW LPG Ltd	$	4,507,922
	67,000		China Yuchai International Ltd		865,640
			TOTAL SINGAPORE		8,647,752
SOUTH AFRICA - 0.8%
	1,466,000	*	Harmony Gold Mining Co Ltd		4,948,766
	464,000		Resilient REIT Ltd		2,009,343
	146,000	*	Royal Bafokeng Platinum Ltd		505,750
			TOTAL SOUTH AFRICA		7,463,859
SPAIN - 1.1%
	76,000	*	Cia de Distribucion Integral Logista Holdings SAU		1,705,368
	311,656	e	Faes Farma S.A. (Sigma)		1,698,414
	28,000	*	Grupo Catalana Occidente S.A.		920,733
	905,000		Mediaset Espana Comunicacion SA		4,954,971
	1,113,000	*	Obrascon Huarte Lain S.A.		1,301,750
			TOTAL SPAIN		10,581,236
SWEDEN - 3.6%
	191,000		Axfood AB		3,960,381
	101,000		Bilia AB		1,111,043
	111,000		Clas Ohlson AB (B Shares)		1,178,386
	95,000	g	Evolution Gaming Group AB		2,933,790
	234,000		Getinge AB (B Shares)		3,985,076
	277,000		Intrum Justitia AB		7,674,507
	116,000		Inwido AB		873,088
	149,000		Lindab International AB		1,686,103
	111,000	*	Mekonomen AB		927,027
	38,000		Nolato AB (B Shares)		2,201,590
	152,000	*	Nyfosa AB		1,488,911
	1,596,147		Samhallsbyggnadsbolaget i Norden AB		3,937,767
	1,631,000	*	SAS AB		2,340,947
	112,000	g	Scandic Hotels Group AB		1,187,941
			TOTAL SWEDEN		35,486,557
SWITZERLAND - 4.4%
	58,000		Cembra Money Bank AG.		6,782,064
	133,000	g	Galenica AG.		9,058,308
	1,000		Gurit Holding AG.		1,515,781
	1,204,000		IWG plc		7,008,820
	66,000		Landis&Gyr Group AG.		6,048,528
	68,000		PSP Swiss Property AG.		10,282,073
	500		Vetropack Holding AG.		1,500,207
	19,000		Zehnder Group AG.		903,447
			TOTAL SWITZERLAND		43,099,228
TAIWAN - 5.0%
	3,135,000		Benq Corp		2,079,706
	1,491,000		Cheng Loong Corp		969,038
	332,000		Chong Hong Construction Co		919,399
	2,772,000		Radiant Opto-Electronics Corp		9,511,840
	2,627,000		Shinkong Synthetic Fibers Corp		1,002,472
	785,000		Simplo Technology Co Ltd		8,234,460

119

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

SHARES			COMPANY	VALUE
	1,014,000		Supreme Electronics Co Ltd	$	1,089,364
	545,000		Systex Corp		1,456,703
	534,000		Taiwan Hon Chuan Enterprise Co Ltd		1,061,248
	1,129,000		Taiwan Styrene Monomer		718,307
	1,382,000		Taiwan Surface Mounting Technology Co Ltd		4,484,432
	3,395,000	*	TPK Holding Co Ltd		5,265,664
	1,177,000		Tripod Technology Corp		4,318,750
	5,958,000		Unimicron Technology Corp		7,411,542
	1,414,944		USI Corp		584,660
	970,000		Yuen Foong Yu Paper Manufacturing Co Ltd		418,703
			TOTAL TAIWAN		49,526,288
THAILAND - 0.8%
	3,923,000		Com7 PCL		3,374,592
	2,282,000		Thanachart Capital PCL		3,784,569
	775,000		Vinythai PCL		599,214
			TOTAL THAILAND		7,758,375
TURKEY - 1.5%
	8,055,111		Dogan Sirketler Grubu Holdings		2,741,265
	1,776,000	*	Koza Anadolu Metal Madencilik Isletmeleri AS		3,140,126
	773,000	*	Migros Ticaret AS		3,244,379
	168,000	*	Pegasus Hava Tasimaciligi AS.		1,921,417
	15,780,000	*	Turkiye Sinai Kalkinma Bankasi AS		3,608,701
			TOTAL TURKEY		14,655,888
UNITED ARAB EMIRATES - 0.1%
	3,394,000	*	Air Arabia PJSC		1,404,522
			TOTAL UNITED ARAB EMIRATES		1,404,522
UNITED KINGDOM - 12.4%
	218,000		Arrow Global Group plc		763,428
	3,361,000		Assura Group Ltd		3,452,920
	1,745,000	g	Avast plc		9,800,726
	70,000		Bellway plc		3,683,534
	278,000		Brewin Dolphin Holdings plc		1,321,556
	1,322,000	g	ConvaTec Group plc		3,621,685
	319,000		Daily Mail & General Trust plc		3,423,282
	198,000	*	Dialog Semiconductor plc		8,697,516
	639,000		Empiric Student Property plc		835,361
	323,000	g	Forterra plc		1,403,256
	805,000		GCP Student Living plc		2,141,950
	55,000		Go-Ahead Group plc		1,487,411
	146,000		HomeServe plc		2,471,606
	409,000		Howden Joinery Group plc		3,710,405
	507,000		Intermediate Capital Group plc		11,627,728
	1,538,000		London & Stamford Property plc		4,626,456
	263,000		Marshalls plc		2,741,866
	1,625,000		Marston’s plc		2,246,665
	416,000		National Express Group plc		2,455,496
	532,000		Paragon Group of Cos plc		3,568,730
	830,000		Pennon Group plc		12,114,881
	681,857		Redrow plc		7,158,117
	1,125,000	g	Regional REIT Ltd		1,729,195

120

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

SHARES			COMPANY	VALUE
	1,162,000		Rightmove plc	$	10,070,517
	402,000		Safestore Holdings plc		4,273,270
	532,000		Unite Group plc		8,932,667
	82,000		Wetherspoon (J.D.) plc		1,679,438
	95,000		WH Smith plc		2,992,755
			TOTAL UNITED KINGDOM		123,032,417
UNITED STATES - 0.8%
	155,000		BRP, Inc (Toronto)		7,912,800
	6,000		iShares MSCI EAFE Small-Cap ETF		359,460
	2,500	e	iShares MSCI Emerging Markets Small-Cap ETF		107,600
			TOTAL UNITED STATES		8,379,860
			TOTAL COMMON STOCKS		960,925,632
			(Cost $903,567,289)
RIGHTS / WARRANTS - 0.0%
MALAYSIA - 0.0%
	233,613		Sunway BHD		22,518
			TOTAL MALAYSIA		22,518
			TOTAL RIGHTS / WARRANTS		22,518
			(Cost $0)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 1.9%
GOVERNMENT AGENCY DEBT - 0.4%
$	4,050,000		Federal Home Loan Bank (FHLB)		1.500	%	02/03/20		4,050,000
			TOTAL GOVERNMENT AGENCY DEBT						4,050,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.5%
	14,865,537	c	State Street Navigator Securities Lending Government Money Market Portfolio						14,865,537
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						14,865,537
			TOTAL SHORT-TERM INVESTMENTS						18,915,537
			(Cost $18,915,200)
			TOTAL INVESTMENTS - 99.0%						979,863,687
			(Cost $922,482,489)
			OTHER ASSETS & LIABILITIES, NET - 1.0%						10,351,773
			NET ASSETS - 100.0%					$	990,215,460

	Abbreviation(s):
	ADR	American Depositary Receipt
	ETF	Exchange Traded Fund
	REIT	Real Estate Investment Trust
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $43,047,358.
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 1/31/20, the aggregate value of these securities is $61,111,774 or 6.2% of net assets.

121

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

TIAA-CREF FUNDS

QUANT INTERNATIONAL SMALL-CAP EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2020

SECTOR	VALUE		% OF NET ASSETS
INDUSTRIALS	$	181,536,071		18.3	%
REAL ESTATE		119,924,913		12.1
CONSUMER DISCRETIONARY		119,750,676		12.1
INFORMATION TECHNOLOGY		105,409,344		10.7
FINANCIALS		104,602,277		10.6
MATERIALS		96,936,374		9.8
HEALTH CARE		61,026,562		6.2
CONSUMER STAPLES		48,250,830		4.9
COMMUNICATION SERVICES		43,959,918		4.4
UTILITIES		43,942,650		4.4
ENERGY		35,608,535		3.6
SHORT-TERM INVESTMENTS		18,915,537		1.9
OTHER ASSETS & LIABILITIES, NET		10,351,773		1.0
NET ASSETS	$	990,215,460		100.0	%

122

TIAA-CREF FUNDS - Social Choice International Equity Fund

TIAA-CREF FUNDS

SOCIAL CHOICE INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES		COMPANY	VALUE
COMMON STOCKS - 98.5%
AUSTRALIA - 6.9%
	335,467	Alumina Ltd	$	483,153
	123,210	AMP Ltd		148,677
	31,951	APA Group		239,908
	15,433	AusNet Services		18,186
	117,985	Australia & New Zealand Banking Group Ltd		2,008,383
	1,358	Australian Stock Exchange Ltd		76,830
	3,456	Bendigo Bank Ltd		23,863
	52,480	BlueScope Steel Ltd		491,159
	19,513	Boral Ltd		64,306
	22,518	Brambles Ltd		188,080
	8,425	Caltex Australia Ltd		192,124
	15,230	Coca-Cola Amatil Ltd		121,016
	619	Cochlear Ltd		98,586
	16,036	Coles Group Ltd		175,964
	57,556	Commonwealth Bank of Australia		3,258,676
	7,280	Computershare Ltd		85,963
	12,075	CSL Ltd		2,483,448
	714	Dexus Property Group		6,025
	151,333	Fortescue Metals Group Ltd		1,121,048
	1,343	GPT Group		5,359
	24,681	Insurance Australia Group Ltd		116,052
	12,102	Lend Lease Corp Ltd		145,348
	17,632	Macquarie Goodman Group		174,555
	15,633	Macquarie Group Ltd		1,493,738
	8,807	Mirvac Group		19,868
	122,023	National Australia Bank Ltd		2,084,411
	54,177	Newcrest Mining Ltd		1,084,625
	2,654	Orica Ltd		40,097
	10,912	QR National Ltd		39,114
	5,578	Ramsay Health Care Ltd		293,416
	19,893	Santos Ltd		114,174
	2,888	Seek Ltd		43,298
	7,423	Sonic Healthcare Ltd		155,591
	13,104	Stockland Trust Group		42,840
	24,047	Sydney Airport		133,752
	76,149	Telstra Corp Ltd		194,176
	152,235	Transurban Group		1,586,863
	17,075	Wesfarmers Ltd		512,284
	137,256	Westpac Banking Corp		2,293,744
	13,897	Woodside Petroleum Ltd		318,388
	21,575	Woolworths Ltd		599,221
	27,858	WorleyParsons Ltd		278,458
		TOTAL AUSTRALIA		23,054,767

123

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
AUSTRIA - 0.4%
	1,178		Erste Bank der Oesterreichischen Sparkassen AG.	$	43,253
	20,183		OMV AG.		1,002,975
	13,626		Voestalpine AG.		329,965
			TOTAL AUSTRIA		1,376,193
BELGIUM - 0.9%
	14,674		KBC Groep NV		1,076,709
	3,149		Solvay S.A.		326,363
	4,808		UCB S.A.		442,442
	25,781		Umicore S.A.		1,187,043
			TOTAL BELGIUM		3,032,557
DENMARK - 1.8%
	1,979		Christian Hansen Holding		147,283
	4,970		Coloplast AS		626,624
	8,305		H Lundbeck AS		352,899
	8,119		ISS AS		197,254
	45,921		Novo Nordisk AS		2,795,287
	2,296		Novozymes AS		119,711
	11,191	g	Orsted AS		1,220,622
	4,056		Pandora AS		210,328
	798		Tryg A.S.		24,179
	3,652		Vestas Wind Systems AS		362,525
			TOTAL DENMARK		6,056,712
FINLAND - 0.8%
	2,457		Metso Oyj		87,186
	36,591		Neste Oil Oyj		1,456,054
	1,105		Nokian Renkaat Oyj		29,792
	1,887		Orion Oyj (Class B)		89,155
	14,408		Stora Enso Oyj (R Shares)		187,023
	11,587		UPM-Kymmene Oyj		365,088
	50,005		Wartsila Oyj (B Shares)		614,198
			TOTAL FINLAND		2,828,496
FRANCE - 11.0%
	13,227		Accor S.A.		541,516
	16,251		Air Liquide		2,349,723
	7,949	g	Amundi S.A.		643,396
	13,449		Atos Origin S.A.		1,115,305
	48,221		AXA S.A.		1,282,271
	8,569		Bouygues S.A.		338,558
	11,233		Cap Gemini S.A.		1,395,034
	5,214		Carrefour S.A.		88,230
	7,216		Casino Guichard Perrachon S.A.		293,386
	23,524		CNP Assurances		423,439
	36,463		Compagnie de Saint-Gobain		1,375,689
	26,171		Danone		2,094,319
	2,916		Eiffage S.A.		338,005
	12,873		Essilor International S.A.		1,905,957
	5,240		Eurazeo		375,018
	999		Gecina S.A.		188,793
	10,865		Groupe Eurotunnel S.A.		191,672
	2,507		JC Decaux S.A.		67,006

124

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	2,810		Kering	$	1,716,968
	6,845		Legrand S.A.		547,680
	9,147		L’Oreal S.A.		2,544,198
	5,741		Michelin (C.G.D.E.) (Class B)		666,089
	129,634		Natixis		547,429
	112,977		Orange S. A.		1,597,039
	58,030		Peugeot S.A.		1,194,852
	26,343		Renault S.A.		1,030,360
	35,811		Sanofi-Aventis		3,453,553
	22,210		Schneider Electric S.A.		2,214,925
	844		SEB S.A.		108,367
	1,672		Teleperformance		419,501
	73,820		Total S.A.		3,594,347
	863		Unibail-Rodamco-Westfield		117,342
	5,797		Unibail-Rodamco-Westfield		788,215
	10,101		Valeo S.A.		300,011
	3,179		Wendel		424,127
	6,782	*,g	Worldline S.A.		477,899
			TOTAL FRANCE		36,750,219
GERMANY - 8.6%
	4,416		Adidas-Salomon AG.		1,395,960
	13,717		Allianz AG.		3,274,844
	35,031		BASF SE		2,364,476
	21,778		Bayerische Motoren Werke AG.		1,551,278
	3,949		Beiersdorf AG.		448,475
	3,862		Brenntag AG.		199,859
	4,532		Deutsche Boerse AG.		735,650
	49,929		Deutsche Post AG.		1,742,016
	28,492		Deutsche Wohnen AG.		1,205,502
	2,094		Fraport AG. Frankfurt Airport Services Worldwide		155,745
	16,521		HeidelbergCement AG.		1,114,195
	12,762		Henkel KGaA		1,175,834
	7,458		Henkel KGaA (Preference)		758,497
	2,757		Hochtief AG.		318,889
	10,406		Merck KGaA		1,334,356
	10,854		Metro Wholesale & Food Specialist AG.		151,022
	4,365		MTU Aero Engines Holding AG.		1,322,005
	2,799		Muenchener Rueckver AG.		825,258
	2,162		Puma AG. Rudolf Dassler Sport		173,117
	29,817		SAP AG.		3,883,101
	4,874		Sartorius AG.		1,134,247
	25,128	*	Siemens AG.		3,099,239
	99,767		Telefonica Deutschland Holding AG.		302,397
	5,384	*,g	Zalando SE		257,785
			TOTAL GERMANY		28,923,747
HONG KONG - 3.8%
	1,900		ASM Pacific Technology		25,602
	360,517		BOC Hong Kong Holdings Ltd		1,191,719
	121,500		CLP Holdings Ltd		1,263,544
	276,893		Hang Lung Properties Ltd		578,409
	62,281		Hang Seng Bank Ltd		1,258,906
	240,485		HKT Trust and HKT Ltd		358,979

125

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	718,895		Hong Kong & China Gas Ltd	$	1,375,734
	53,180		Hong Kong Exchanges and Clearing Ltd		1,747,358
	140,330		Link REIT		1,419,089
	198,731		MTR Corp		1,114,615
	264,093		PCCW Ltd		155,544
	68,468		Swire Pacific Ltd (Class A)		601,202
	160,400		Swire Properties Ltd		497,947
	138,284		Techtronic Industries Co		1,103,381
			TOTAL HONG KONG		12,692,029
IRELAND - 0.6%
	17,795		CRH plc		668,145
	11,182		Kerry Group plc (Class A)		1,429,880
			TOTAL IRELAND		2,098,025
ISRAEL - 0.7%
	141,577		Bank Hapoalim Ltd		1,215,529
	110,117		Bank Leumi Le-Israel		791,734
	12,652		Mizrahi Tefahot Bank Ltd		344,407
			TOTAL ISRAEL		2,351,670
ITALY - 1.9%
	73,685		Assicurazioni Generali S.p.A.		1,435,801
	722,968		Banca Intesa S.p.A.		1,795,502
	296,512		Enel S.p.A.		2,584,492
	53,238	g	Pirelli & C S.p.A		257,838
	26,275		Terna Rete Elettrica Nazionale S.p.A.		183,302
			TOTAL ITALY		6,256,935
JAPAN - 24.1%
	52,900	e	Aeon Co Ltd		1,081,989
	60,200		Ajinomoto Co, Inc		991,485
	25,737		Alfresa Holdings Corp		517,113
	2,214		All Nippon Airways Co Ltd		69,153
	66,200		Asahi Kasei Corp		677,117
	65,000		Astellas Pharma, Inc		1,148,558
	2,700		Benesse Holdings, Inc		74,169
	1,200		Calbee, Inc		39,241
	2,900	*	Casio Computer Co Ltd		53,753
	8,181		Central Japan Railway Co		1,605,780
	15,155		Chugai Pharmaceutical Co Ltd		1,552,307
	2,000		CyberAgent, Inc		79,698
	8,427		Dai Nippon Printing Co Ltd		232,371
	2,000		Daifuku Co Ltd		120,422
	6,075		Daikin Industries Ltd		856,012
	26,649		Daiwa House Industry Co Ltd		838,974
	23,959		Denso Corp		982,850
	17,332		East Japan Railway Co		1,526,109
	13,348		Eisai Co Ltd		1,005,927
	1,200		Fast Retailing Co Ltd		645,451
	14,272		Fujitsu Ltd		1,509,017
	6,616		Hankyu Hanshin Holdings, Inc		268,425
	6,011		Hino Motors Ltd		56,287
	3,200		Hitachi Chemical Co Ltd		133,962

126

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	5,200	*	Hitachi Construction Machinery Co Ltd	$	139,349
	6,600		Hitachi High-Technologies Corp		471,900
	24,563		Hitachi Metals Ltd		377,519
	74,461		Honda Motor Co Ltd		1,904,369
	4,741		Hulic Co Ltd		57,483
	105,350		Inpex Holdings, Inc		983,355
	50,600		Kajima Corp		641,931
	2,900		Kansai Paint Co Ltd		69,420
	22,800		Kao Corp		1,818,463
	19,500		Kawasaki Heavy Industries Ltd		384,438
	72,796		KDDI Corp		2,199,826
	1,500		Keio Corp		85,800
	6,246		Keyence Corp		2,099,636
	19,900		Kikkoman Corp		964,307
	1,465		Kintetsu Corp		77,210
	39,500		Komatsu Ltd		873,385
	60,200		Konica Minolta Holdings, Inc		367,468
	34,672		Kubota Corp		542,949
	5,300		Kuraray Co Ltd		63,709
	21,200		Kyocera Corp		1,392,974
	49,810		Kyushu Electric Power Co, Inc		410,175
	2,400		Kyushu Railway Co		78,526
	3,200	e	Lawson, Inc		185,210
	3,100		Lion Corp		58,890
	1,600		Marui Co Ltd		37,005
	92,679		Mitsubishi Chemical Holdings Corp		669,788
	68,379		Mitsubishi Corp		1,752,938
	30,726		Mitsubishi Estate Co Ltd		601,752
	30,600		Mitsubishi UFJ Lease & Finance Co Ltd		191,666
	3,900		Mitsui Chemicals, Inc		85,649
	37,900		Mitsui Fudosan Co Ltd		1,003,800
	33,700	e	Mitsui Trust Holdings, Inc		1,242,516
	16,000		Murata Manufacturing Co Ltd		905,837
	3,200		Nabtesco Corp		91,695
	26,701		NEC Corp		1,188,551
	5,600		NGK Insulators Ltd		93,893
	5,900		NGK Spark Plug Co Ltd		103,671
	38,200		Nikon Corp		461,264
	5,004		Nintendo Co Ltd		1,840,750
	1,800		Nippon Express Co Ltd		93,796
	87,454		Nippon Steel Corp		1,213,466
	19,300		Nippon Yusen Kabushiki Kaisha		307,332
	4,413		Nissin Food Products Co Ltd		331,234
	1,162		Nitori Co Ltd		180,576
	16,900		Nitto Denko Corp		939,439
	14,600		NKSJ Holdings, Inc		545,511
	2,500		Nomura Real Estate Holdings, Inc		61,565
	21,200		Nomura Research Institute Ltd		466,520
	64,512		NTT DoCoMo, Inc		1,832,940
	12,285		Obayashi Corp		134,729
	2,121		Odakyu Electric Railway Co Ltd		47,047
	4,200		Omron Corp		240,513
	24,900		Ono Pharmaceutical Co Ltd		573,368
	10,382		Oriental Land Co Ltd		1,352,099

127

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	34,000		Osaka Gas Co Ltd	$	575,343
	3,500		Otsuka Corp		136,482
	131,406		Panasonic Corp		1,305,915
	76,170	*	Rakuten, Inc		587,610
	51,029		Recruit Holdings Co Ltd		1,988,921
	264,400		Resona Holdings, Inc		1,090,345
	9,000		Santen Pharmaceutical Co Ltd		167,855
	3,801		Secom Co Ltd		333,548
	6,224		Sekisui Chemical Co Ltd		103,663
	12,663	e	Sekisui House Ltd		272,282
	29,208		Sharp Corp		396,211
	4,700		Shimadzu Corp		131,905
	13,068		Shimizu Corp		134,036
	10,500		Shin-Etsu Chemical Co Ltd		1,200,818
	6,100		Shionogi & Co Ltd		362,792
	23,800		Shiseido Co Ltd		1,532,258
	18,500		Showa Denko KK		442,384
	400		Sohgo Security Services Co Ltd		20,760
	42,715		Sony Corp		2,986,925
	1,314		Stanley Electric Co Ltd		33,842
	198,300		Sumitomo Chemical Co Ltd		842,616
	21,208	e	Sumitomo Dainippon Pharma Co Ltd		364,064
	31,871		Sumitomo Metal Mining Co Ltd		906,107
	19,100		Suntory Beverage & Food Ltd		808,661
	14,500		Sysmex Corp		1,037,333
	7,700		T&D Holdings, Inc		82,077
	59,000		Takeda Pharmaceutical Co Ltd		2,265,799
	2,900		Teijin Ltd		51,849
	1,100		Toho Gas Co Ltd		42,495
	10,826		Tokio Marine Holdings, Inc		587,648
	5,700		Tokyo Electron Ltd		1,253,693
	13,700		Tokyo Gas Co Ltd		301,208
	8,300		Tokyu Corp		146,265
	26,100		Toray Industries, Inc		170,780
	1,824		Toto Ltd		74,117
	1,700		Toyo Suisan Kaisha Ltd		71,223
	65,895		Toyota Motor Corp		4,581,525
	29,000		Uni-Charm Corp		992,485
	4,169		USS Co Ltd		75,666
	2,700		West Japan Railway Co		228,446
	16,400		Yakult Honsha Co Ltd		824,843
	13,800		Yamada Denki Co Ltd		69,556
	2,470		Yamaha Corp		126,185
	5,486	e	Yaskawa Electric Corp		187,795
	2,898		Yokogawa Electric Corp		50,425
			TOTAL JAPAN		80,852,128
LUXEMBOURG - 0.4%
	11,835		Millicom International Cellular S.A.		558,894
	64,715		Tenaris S.A.		668,802
			TOTAL LUXEMBOURG		1,227,696
NETHERLANDS - 2.9%
	244,118		Aegon NV		988,653

128

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	3,491		Akzo Nobel NV	$	329,437
	13,096		ASML Holding NV		3,675,222
	6,646		DSM NV		808,855
	176,673		ING Groep NV		1,918,175
	1,766		Koninklijke Vopak NV		94,563
	24,376	*	Prosus NV		1,758,330
	2,186		Randstad Holdings NV		125,555
			TOTAL NETHERLANDS		9,698,790
NEW ZEALAND - 0.3%
	30,585		Auckland International Airport Ltd		170,240
	7,428		Fisher & Paykel Healthcare Corp		111,114
	52,541		Fletcher Building Ltd		187,531
	43,147		Meridian Energy Ltd		148,272
	15,042		Ryman Healthcare Ltd		159,471
	28,106		Telecom Corp of New Zealand Ltd		84,181
			TOTAL NEW ZEALAND		860,809
NORWAY - 1.0%
	3,380		Aker BP ASA		95,206
	73,343	e	Equinor ASA		1,323,663
	184,305		Norsk Hydro ASA		576,017
	28,532		Orkla ASA		275,442
	28,614		PAN Fish ASA		682,494
	4,269		Schibsted ASA (B Shares)		120,584
	25,042		Telenor ASA		452,535
			TOTAL NORWAY		3,525,941
PORTUGAL - 0.4%
	29,601		Energias de Portugal S.A.		148,447
	68,695		Galp Energia SGPS S.A.		1,038,018
	2,279		Jeronimo Martins SGPS S.A.		39,217
			TOTAL PORTUGAL		1,225,682
SINGAPORE - 1.5%
	43,105		Ascendas REIT		99,251
	34,400		CapitaCommercial Trust		51,771
	352,023		CapitaLand Ltd		927,642
	52,700		CapitaMall Trust		96,891
	26,000		City Developments Ltd		200,391
	92,091		DBS Group Holdings Ltd		1,696,412
	8,446		Jardine Cycle & Carriage Ltd		179,582
	135,800	e	Keppel Corp Ltd		660,032
	34,318		Singapore Airlines Ltd		213,939
	83,900	e	Singapore Press Holdings Ltd		123,281
	285,025		Singapore Telecommunications Ltd		685,662
	9,200		Singapore Telecommunications Ltd		22,138
	32,100		UOL Group Ltd		186,471
			TOTAL SINGAPORE		5,143,463
SPAIN - 3.1%
	21,793		Amadeus IT Holding S.A.		1,708,703
	344,248		Banco Bilbao Vizcaya Argentaria S.A.		1,782,032

129

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	25,781		Bankinter S.A.	$	167,179
	340,478		CaixaBank S.A.		995,139
	5,020		Enagas		135,258
	18,190		Ferrovial S.A.		577,813
	26,230		Gas Natural SDG S.A.		691,810
	192,481		Iberdrola S.A.		2,106,000
	3,267	*	Iberdrola S.A. - Interim		35,745
	26,846		Industria De Diseno Textil S.A.		902,752
	1,014		Red Electrica Corp S.A.		20,286
	103,013		Repsol YPF S.A.		1,417,744
			TOTAL SPAIN		10,540,461
SWEDEN - 2.9%
	17,579		Assa Abloy AB		417,260
	13,594		Atlas Copco AB (A Shares)		481,146
	9,807		Atlas Copco AB (B Shares)		304,835
	37,483		Boliden AB		889,854
	3,728		Electrolux AB (Series B)		88,564
	35,017		Essity AB		1,111,647
	15,222	e	Hennes & Mauritz AB (B Shares)		333,967
	2,372		Husqvarna AB (B Shares)		17,877
	2,585		ICA Gruppen AB		113,661
	5,764		Kinnevik AB		139,074
	15,109		Lundin Petroleum AB		459,535
	51,987		Sandvik AB		948,850
	78,654		Skandinaviska Enskilda Banken AB (Class A)		777,253
	3,114		Skanska AB (B Shares)		72,079
	6,548		SKF AB (B Shares)		119,859
	103,986		Svenska Handelsbanken AB		1,018,772
	73,896		Swedbank AB (A Shares)		1,134,579
	7,200		Tele2 AB (B Shares)		108,627
	34,057		TeliaSonera AB		145,643
	66,182		Volvo AB (B Shares)		1,131,297
			TOTAL SWEDEN		9,814,379
SWITZERLAND - 9.5%
	81,104		ABB Ltd		1,888,258
	3,348		Adecco S.A.		196,153
	25,443	*	Alcon, Inc		1,503,116
	414		Barry Callebaut AG.		914,414
	5,996		Clariant AG.		134,968
	27,366		Coca-Cola HBC AG.		1,005,213
	193		Givaudan S.A.		636,798
	1,245		Kuehne & Nagel International AG.		201,219
	3,511		Lonza Group AG.		1,441,932
	76,684		Nestle S.A.		8,457,678
	5,141		Phonak Holding AG.		1,289,216
	18,987		Roche Holding AG.		6,369,538
	120		SGS S.A.		347,121
	4,496		Sika AG.		808,495
	13,816		Swiss Re Ltd		1,560,087
	405		Swisscom AG.		222,209
	166,036		UBS AG.		2,062,103
	3,373		Vifor Pharma AG.		621,565

130

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	5,323		Zurich Financial Services AG.	$	2,209,671
			TOTAL SWITZERLAND		31,869,754
UNITED KINGDOM - 14.6%
	90,312		3i Group plc		1,313,747
	36,773		Associated British Foods plc		1,272,848
	19,498		AstraZeneca plc		1,907,441
	40,545		AstraZeneca plc (ADR)		1,974,542
	273,407		Aviva plc		1,432,787
	73,304		Barratt Developments plc		776,108
	4,806		Berkeley Group Holdings plc		332,547
	97,370		British Land Co plc		712,101
	621,308		BT Group plc		1,320,247
	12,581		Burberry Group plc		322,582
	120,351		CNH Industrial NV		1,146,342
	23,615		Coca-Cola European Partners plc (Class A)		1,242,385
	74,855		Compass Group plc		1,850,580
	12,251		Croda International plc		804,508
	6,950		DCC plc		561,157
	5,304		easyJet plc		97,363
	117,168		Informa plc		1,196,870
	19,838		InterContinental Hotels Group plc		1,221,942
	15,997		Intertek Group plc		1,213,820
	110,713		ITV plc		197,247
	242,527		J Sainsbury plc		646,881
	14,160		Johnson Matthey plc		485,490
	190,476		Kingfisher plc		511,382
	73,052		Land Securities Group plc		903,238
	381,089		Legal & General Group plc		1,532,703
	16,867		London Stock Exchange Group plc		1,743,049
	232,365		Marks & Spencer Group plc		538,839
	106,478		Meggitt plc		947,237
	41,333		Mondi plc		840,993
	154,315		National Grid plc		2,050,333
	3,172		Next plc		288,269
	107,171		Pearson plc		799,917
	113,762		Prudential plc		2,022,730
	80,975		RELX plc		2,148,414
	9,980		Schroders plc		422,548
	73,333		Scottish & Southern Energy plc		1,459,750
	77,592		Segro plc		931,717
	175,300		Standard Chartered plc		1,457,696
	279,130		Standard Life Aberdeen plc		1,109,102
	340,120		Taylor Wimpey plc		966,075
	527,867		Tesco plc		1,716,897
	515,573		Vodafone Group plc		1,012,955
	57,369	d	Vodafone Group plc (ADR)		1,125,006
	9,328		Whitbread plc		549,875
	319,093		WM Morrison Supermarkets plc		765,126
	79,964		WPP plc		994,236
			TOTAL UNITED KINGDOM		48,867,622

131

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES		COMPANY	VALUE
UNITED STATES - 0.4%
	16,045	Ferguson plc	$	1,440,870
		TOTAL UNITED STATES		1,440,870
		TOTAL COMMON STOCKS		330,488,945
		(Cost $313,412,347)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 2.7%
GOVERNMENT AGENCY DEBT - 2.0%
$	6,810,000		Federal Home Loan Bank (FHLB)		1.500	%	02/03/20		6,810,000
			TOTAL GOVERNMENT AGENCY DEBT						6,810,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.7%
	2,209,795	c	State Street Navigator Securities Lending Government Money Market Portfolio						2,209,795
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						2,209,795
			TOTAL SHORT-TERM INVESTMENTS						9,019,795
			(Cost $9,019,227)
			TOTAL INVESTMENTS - 101.2%						339,508,740
			(Cost $322,431,574)
			OTHER ASSETS & LIABILITIES, NET - (1.2)%						(4,146,158	)
			NET ASSETS - 100.0%					$	335,362,582

	Abbreviation(s):
	ADR	American Depositary Receipt
	REIT	Real Estate Investment Trust
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
d	All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $2,540,982.
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 1/31/20, the aggregate value of these securities is $2,857,540 or 0.9% of net assets.

Futures contracts outstanding as of January 31, 2020 were as follows:

Description	Number of long (short) contracts		Expiration date		Notional amount		Value		Unrealized appreciation (depreciation)
MSCI EAFE Index		34		03/20/20	$	3,389,973	$	3,360,050	$	(29,923)

132

TIAA-CREF FUNDS - Social Choice International Equity Fund

TIAA-CREF FUNDS

SOCIAL CHOICE INTERNATIONAL EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2020

SECTOR	VALUE			% OF NET ASSETS
FINANCIALS	$	62,184,156			18.5	%
INDUSTRIALS		46,150,579			13.7
CONSUMER DISCRETIONARY		38,826,360			11.6
CONSUMER STAPLES		37,824,234			11.3
HEALTH CARE		37,632,655			11.2
MATERIALS		26,790,972			8.0
INFORMATION TECHNOLOGY		22,769,545			6.8
COMMUNICATION SERVICES		17,798,587			5.3
UTILITIES		15,010,910			4.5
ENERGY		13,037,406			3.9
REAL ESTATE		12,463,541			3.7
SHORT-TERM INVESTMENTS		9,019,795			2.7
OTHER ASSETS & LIABILITIES, NET		(4,146,158	)		(1.2	)
NET ASSETS	$	335,362,582			100.0	%

133

TIAA-CREF FUNDS - Equity Index Fund

TIAA-CREF FUNDS
EQUITY INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.70%
AUTOMOBILES & COMPONENTS - 0.8%
	84,383		Adient plc	$	2,169,487
	119,334	*	American Axle & Manufacturing Holdings, Inc		1,102,646
	193,493		Aptiv plc		16,406,271
	153,471		BorgWarner, Inc		5,262,521
	51,044		Cooper Tire & Rubber Co		1,352,156
	21,867	*	Cooper-Standard Holding, Inc		579,913
	102,449		Dana Inc		1,578,739
	21,558	*	Dorman Products, Inc		1,504,748
	2,981,462		Ford Motor Co		26,296,495
	32,053	*	Fox Factory Holding Corp		2,109,728
	953,492		General Motors Co		31,837,098
	186,983		Gentex Corp		5,566,484
	33,579	*	Gentherm, Inc		1,548,328
	200,242		Goodyear Tire & Rubber Co		2,629,177
	118,461		Harley-Davidson, Inc		3,956,597
	19,616		LCI Industries, Inc		2,117,939
	43,577		Lear Corp		5,367,815
	28,052	*	Modine Manufacturing Co		197,206
	11,927	*,e	Motorcar Parts of America, Inc		236,870
	19,417		Spartan Motors, Inc		330,089
	11,685		Standard Motor Products, Inc		567,657
	30,894	*	Stoneridge, Inc		860,707
	48,457		Tenneco, Inc		458,888
	108,633	*	Tesla, Inc		70,673,371
	40,551		Thor Industries, Inc		3,265,167
	17,990	*	Visteon Corp		1,435,782
	22,202		Winnebago Industries, Inc		1,215,782
			TOTAL AUTOMOBILES & COMPONENTS		190,627,661
BANKS - 5.5%
	12,663		1st Source Corp		597,567
	2,914		ACNB Corp		93,394
	6,304	*	Allegiance Bancshares, Inc		234,509
	13,760	*	Amerant Bancorp Inc		256,349
	4,388		American National Bankshares, Inc		149,631
	42,299		Ameris Bancorp		1,699,997
	3,366		Ames National Corp		89,805
	6,554		Arrow Financial Corp		229,783
	141,772		Associated Banc-Corp		2,825,516
	48,106	*	Atlantic Capital Bancshares, Inc		907,760
	65,534		Atlantic Union Bankshares Corp		2,207,840
	58,558	*	Axos Financial, Inc		1,649,579
	52,790		Banc of California, Inc		842,528
	21,345		Bancfirst Corp		1,233,741
	74,325		BancorpSouth Bank		2,123,465

134

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	4,160	e	Bank First Corp	$	260,998
	6,255,806		Bank of America Corp		205,378,111
	8,806		Bank of Commerce Holdings		94,224
	36,335		Bank of Hawaii Corp		3,255,616
	6,504		Bank of Marin Bancorp		286,566
	50,103		Bank of NT Butterfield & Son Ltd		1,664,422
	99,378		Bank OZK		2,701,094
	7,113		BankFinancial Corp		88,699
	78,805		BankUnited		2,600,565
	2,485		Bankwell Financial Group, Inc		67,170
	27,463		Banner Corp		1,415,718
	7,764		Bar Harbor Bankshares		170,808
	6,303	*	Baycom Corp		141,565
	5,274		BCB Bancorp, Inc		69,195
	37,638		Berkshire Hills Bancorp, Inc		1,059,510
	27,517		BOK Financial Corp		2,171,091
	47,039		Boston Private Financial Holdings, Inc		536,245
	9,958		Bridge Bancorp, Inc		302,225
	40,134		Brookline Bancorp, Inc		610,037
	14,824		Bryn Mawr Bank Corp		556,196
	5,835		Business First Bancshares, Inc		144,591
	42,420		Byline Bancorp, Inc		818,706
	1,500		C&F Financial Corp		75,075
	111,048		Cadence BanCorp		1,735,680
	2,224	e	Cambridge Bancorp		160,528
	21,731		Camden National Corp		1,027,007
	4,137		Capital City Bank Group, Inc		117,987
	99,807		Capitol Federal Financial		1,315,456
	4,450		Capstar Financial Holdings, Inc		66,616
	10,786		Carolina Financial Corp		413,643
	16,128	*	Carter Bank & Trust		319,173
	56,443		Cathay General Bancorp		2,035,335
	11,032		CBTX, Inc		325,996
	109,613		Centerstate Banks of Florida, Inc		2,472,869
	16,071		Central Pacific Financial Corp		445,649
	5,526		Central Valley Community Bancorp		103,834
	1,597		Century Bancorp, Inc		137,342
	1,397		Chemung Financial Corp		55,419
	74,696		CIT Group, Inc		3,414,354
	1,675,387		Citigroup, Inc		124,665,547
	4,874		Citizens & Northern Corp		124,628
	332,312		Citizens Financial Group, Inc		12,388,591
	12,049		City Holding Co		911,868
	5,425		Civista Bancshares, Inc		119,404
	7,829		CNB Financial Corp		231,425
	4,321		Codorus Valley Bancorp, Inc		94,198
	53,818		Columbia Banking System, Inc		2,082,757
	69,918	*	Columbia Financial, Inc		1,172,525
	115,801		Comerica, Inc		7,082,389
	83,410	e	Commerce Bancshares, Inc		5,643,521
	46,799		Community Bank System, Inc		3,101,370
	11,706		Community Bankers Trust Corp		103,364
	2,126		Community Financial Corp		72,284
	11,171		Community Trust Bancorp, Inc		488,731

135

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	16,938		ConnectOne Bancorp, Inc	$	399,906
	43,370	e	Cullen/Frost Bankers, Inc		3,866,869
	42,835	*	Customers Bancorp, Inc		915,812
	85,857		CVB Financial Corp		1,783,250
	17,313		Dime Community Bancshares		336,045
	28,606		Eagle Bancorp, Inc		1,250,082
	103,806		East West Bancorp, Inc		4,758,467
	5,087		Enterprise Bancorp, Inc		157,799
	12,541		Enterprise Financial Services Corp		545,659
	30,454	*	Equity Bancshares, Inc		817,994
	3,904		ESSA Bancorp, Inc		66,173
	72,925		Essent Group Ltd		3,617,809
	2,367		Evans Bancorp, Inc		92,408
	4,971	e	Farmers & Merchants Bancorp, Inc		146,147
	11,577		Farmers National Banc Corp		183,148
	12,667		FB Financial Corp		451,579
	5,114		Federal Agricultural Mortgage Corp (Class C)		390,198
	547,147		Fifth Third Bancorp		15,566,332
	8,822		Financial Institutions, Inc		271,806
	21,839		First Bancorp		774,848
	194,221		First Bancorp (Puerto Rico)		1,800,429
	5,552		First Bancorp, Inc		157,011
	9,160		First Bancshares, Inc		315,287
	39,146		First Busey Corp		998,223
	3,142		First Business Financial Services, Inc		79,116
	6,136		First Citizens Bancshares, Inc (Class A)		3,232,568
	87,439		First Commonwealth Financial Corp		1,182,175
	9,068		First Community Bancshares, Inc		265,783
	10,819		First Defiance Financial Corp		317,970
	70,718		First Financial Bancorp		1,700,061
	96,480		First Financial Bankshares, Inc		3,234,010
	5,725		First Financial Corp		238,904
	3,992		First Financial Northwest, Inc		58,403
	15,407		First Foundation, Inc		254,216
	2,482		First Guaranty Bancshares, Inc		44,676
	99,512		First Hawaiian, Inc		2,891,819
	231,164		First Horizon National Corp		3,698,624
	2,608		First Internet Bancorp		69,138
	30,796		First Interstate Bancsystem, Inc		1,185,646
	35,747		First Merchants Corp		1,420,943
	5,319		First Mid-Illinois Bancshares, Inc		174,197
	79,039		First Midwest Bancorp, Inc		1,576,038
	4,850		First Northwest Bancorp		76,582
	12,443		First of Long Island Corp		274,493
	124,648		First Republic Bank		13,820,970
	31,141		Flagstar Bancorp, Inc		1,097,409
	15,021		Flushing Financial Corp		298,467
	277,902		FNB Corp		3,243,116
	7,225		Franklin Financial Network, Inc		266,386
	124,697		Fulton Financial Corp		2,053,760
	11,282		German American Bancorp, Inc		385,732
	72,085		Glacier Bancorp, Inc		3,054,241
	5,718		Great Southern Bancorp, Inc		325,411

136

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	46,439		Great Western Bancorp, Inc	$	1,372,272
	1,561		Greene County Bancorp, Inc		45,566
	4,475		Guaranty Bancshares, Inc		136,935
	76,655		Hancock Whitney Corp		3,046,270
	17,111		Hanmi Financial Corp		287,807
	12,453	*	HarborOne Northeast Bancorp, Inc		135,862
	7,129	*	HBT Financial, Inc		137,804
	21,581		Heartland Financial USA, Inc		1,055,527
	19,171		Heritage Commerce Corp		222,384
	16,582		Heritage Financial Corp		427,484
	65,867		Hilltop Holdings, Inc		1,491,229
	667		Hingham Institution for Savings		139,663
	2,720		Home Bancorp, Inc		96,723
	120,128		Home Bancshares, Inc		2,296,847
	15,343	*	HomeStreet, Inc		492,664
	8,155		HomeTrust Bancshares, Inc		216,271
	109,452		Hope Bancorp, Inc		1,521,930
	18,388		Horizon Bancorp		311,125
	4,484	*	Howard Bancorp, Inc		75,735
	774,092		Huntington Bancshares, Inc		10,504,428
	46,494		IBERIABANK Corp		3,380,579
	26,956		Independent Bank Corp		1,946,223
	42,274		Independent Bank Corp		903,818
	24,309		Independent Bank Group, Inc		1,301,018
	47,386		International Bancshares Corp		1,867,008
	4,146		Investar Holding Corp		91,668
	200,987		Investors Bancorp, Inc		2,428,928
	2,400,228		JPMorgan Chase & Co		317,694,178
	63,418		Kearny Financial Corp		783,212
	743,523		Keycorp		13,911,315
	25,883		Lakeland Bancorp, Inc		420,340
	18,429		Lakeland Financial Corp		874,272
	4,325		LCNB Corp		71,665
	6,707	*,e	LendingTree, Inc		2,087,218
	12,400		Live Oak Bancshares, Inc		216,752
	100,334		M&T Bank Corp		16,908,286
	12,254		Macatawa Bank Corp		129,280
	3,486	*	Malvern Bancorp, Inc		69,720
	8,871		Mercantile Bank Corp		290,703
	9,591		Merchants Bancorp		188,751
	32,710		Meridian Bancorp, Inc		588,453
	35,241		Meta Financial Group, Inc		1,311,670
	8,963	*	Metropolitan Bank Holding Corp		440,531
	283,943		MGIC Investment Corp		3,915,574
	9,191		Midland States Bancorp, Inc		242,826
	5,843		MidWestOne Financial Group, Inc		188,963
	69,956	*	Mr Cooper Group, Inc		866,055
	2,434		MutualFirst Financial, Inc		90,618
	29,891		National Bank Holdings Corp		974,447
	2,722		National Bankshares, Inc		111,166
	41,906		NBT Bancorp, Inc		1,583,628
	346,276		New York Community Bancorp, Inc		3,829,813
	4,841	*	Nicolet Bankshares, Inc		342,017
	55,426	*	NMI Holdings, Inc		1,769,198

137

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	3,985		Northeast Bank	$	79,979
	23,045		Northfield Bancorp, Inc		366,185
	3,202		Northrim BanCorp, Inc		120,491
	100,175		Northwest Bancshares, Inc		1,575,252
	3,306		Norwood Financial Corp		112,404
	53,420		OceanFirst Financial Corp		1,242,549
	56,581		OFG Bancorp		1,115,212
	2,358		Ohio Valley Banc Corp		77,932
	141,697		Old National Bancorp		2,537,793
	15,107		Old Second Bancorp, Inc		185,590
	12,072		Opus Bank		321,538
	9,484		Origin Bancorp, Inc		334,216
	3,392		Orrstown Financial Services, Inc		69,909
	8,412	*	Pacific Mercantile Bancorp		58,295
	36,587		Pacific Premier Bancorp, Inc		1,090,293
	100,415		PacWest Bancorp		3,519,546
	14,767		Park National Corp		1,402,422
	3,491		Parke Bancorp, Inc		75,126
	10,060		PCSB Financial Corp		199,993
	10,228		Peapack Gladstone Financial Corp		298,964
	2,782		Penns Woods Bancorp, Inc		87,772
	33,152		PennyMac Financial Services, Inc		1,117,885
	2,432		Peoples Bancorp of North Carolina, Inc		66,515
	7,608		Peoples Bancorp, Inc		247,564
	2,907		Peoples Financial Services Corp		134,739
	314,217		People’s United Financial, Inc		4,845,226
	5,959		People’s Utah Bancorp		155,411
	59,836		Pinnacle Financial Partners, Inc		3,533,914
	336,788		PNC Financial Services Group, Inc		50,029,857
	73,202		Popular, Inc		4,096,384
	7,341		Preferred Bank		441,268
	5,393		Premier Financial Bancorp, Inc		91,681
	71,203		Prosperity Bancshares, Inc		4,998,451
	4,863	*	Provident Bancorp Inc		57,432
	59,575		Provident Financial Services, Inc		1,358,906
	4,558		Prudential Bancorp, Inc		80,266
	6,598		QCR Holdings, Inc		271,178
	159,228		Radian Group, Inc		3,899,494
	8,182		RBB Bancorp		161,022
	735,694		Regions Financial Corp		11,454,756
	3,521		Reliant Bancorp Inc		74,856
	43,926		Renasant Corp		1,402,557
	4,080		Republic Bancorp, Inc (Class A)		170,952
	28,579	*	Republic First Bancorp, Inc		91,167
	10,113		Riverview Bancorp, Inc		74,432
	19,161		S&T Bancorp, Inc		720,262
	17,948		Sandy Spring Bancorp, Inc		624,590
	28,495	*	Seacoast Banking Corp of Florida		773,639
	35,419		ServisFirst Bancshares, Inc		1,301,648
	6,457		Shore Bancshares, Inc		104,926
	4,948		Sierra Bancorp		132,507
	42,386		Signature Bank		6,014,150
	72,648		Simmons First National Corp (Class A)		1,742,099

138

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	4,022		SmartFinancial, Inc	$	86,956
	30,627		South State Corp		2,315,707
	2,602	*	Southern First Bancshares, Inc		101,608
	2,640		Southern Missouri Bancorp, Inc		94,037
	5,193		Southern National Bancorp of Virginia, Inc		80,647
	14,973		Southside Bancshares, Inc		525,253
	172,833		Sterling Bancorp/DE		3,456,660
	12,468		Stock Yards Bancorp, Inc		483,010
	5,685		Summit Financial Group, Inc		139,567
	39,589	*	SVB Financial Group		9,514,424
	120,502		Synovus Financial Corp		4,219,980
	116,408		TCF Financial Corp		4,921,730
	3,551		Territorial Bancorp, Inc		103,086
	39,697	*	Texas Capital Bancshares, Inc		2,181,747
	51,434		TFS Financial Corp		1,050,797
	30,786	*	The Bancorp, Inc		364,198
	3,470		Timberland Bancorp, Inc		97,715
	8,586		Tompkins Financial Corp		739,169
	59,093		Towne Bank		1,568,919
	30,847		Trico Bancshares		1,122,831
	11,899	*	Tristate Capital Holdings, Inc		273,558
	9,917	*	Triumph Bancorp, Inc		386,565
	1,028,575		Truist Financial Corp		53,043,613
	138,031		Trustco Bank Corp NY		1,094,586
	55,241		Trustmark Corp		1,766,607
	34,695		UMB Financial Corp		2,305,830
	196,207		Umpqua Holdings Corp		3,315,898
	1,840		Union Bankshares, Inc		61,861
	75,942		United Bankshares, Inc		2,604,811
	59,222		United Community Banks, Inc		1,653,478
	25,631		United Community Financial Corp		280,147
	7,069		United Security Bancshares		68,852
	4,117		Unity Bancorp, Inc		90,245
	14,041		Univest Financial Corp		348,778
	1,103,123		US Bancorp		58,708,206
	299,500		Valley National Bancorp		3,153,735
	46,527		Veritex Holdings, Inc		1,317,645
	29,173		Walker & Dunlop, Inc		1,936,212
	64,136		Washington Federal, Inc		2,180,624
	8,058		Washington Trust Bancorp, Inc		381,385
	13,159		Waterstone Financial, Inc		230,151
	72,662		Webster Financial Corp		3,259,617
	2,927,791		Wells Fargo & Co		137,430,509
	49,269		WesBanco, Inc		1,631,789
	8,275		West Bancorporation, Inc		189,415
	25,370		Westamerica Bancorporation		1,607,443
	82,993		Western Alliance Bancorp		4,583,703
	14,297		Western New England Bancorp, Inc		128,387
	41,464		Wintrust Financial Corp		2,623,842
	46,380		WSFS Financial Corp		1,850,098
	129,048		Zions Bancorporation		5,870,394
			TOTAL BANKS		1,346,745,155

139

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
CAPITAL GOODS - 6.8%
	429,516		3M Co	$	68,147,009
	94,557		A.O. Smith Corp		4,036,638
	27,127		Aaon, Inc		1,422,540
	29,134		AAR Corp		1,240,526
	28,601		Acuity Brands, Inc		3,371,200
	25,625		Advanced Drainage Systems, Inc		1,065,231
	120,893	*	Aecom Technology Corp		5,830,669
	19,957	*	Aegion Corp		417,101
	55,409	*	Aerojet Rocketdyne Holdings, Inc		2,885,147
	17,124	*	Aerovironment, Inc		1,140,630
	47,272		AGCO Corp		3,315,658
	77,445		Air Lease Corp		3,325,488
	59,494		Aircastle Ltd		1,909,162
	11,318		Alamo Group, Inc		1,409,770
	24,183		Albany International Corp (Class A)		1,687,248
	67,229		Allegion plc		8,694,054
	4,154		Allied Motion Technologies, Inc		190,419
	77,131		Allison Transmission Holdings, Inc		3,409,190
	37,736		Altra Industrial Motion Corp		1,255,099
	12,897	*	Ameresco, Inc		247,493
	15,949	*	American Woodmark Corp		1,748,808
	174,311		Ametek, Inc		16,934,314
	16,001		Apogee Enterprises, Inc		509,152
	30,024		Applied Industrial Technologies, Inc		1,938,650
	301,257		Arconic, Inc		9,022,647
	48,088		Arcosa, Inc		2,103,850
	21,150		Argan, Inc		890,626
	12,841	*	Armstrong Flooring, Inc		45,457
	35,004		Armstrong World Industries, Inc		3,511,951
	12,100		Astec Industries, Inc		499,004
	12,205	*	Astronics Corp		307,566
	43,228	*	Atkore International Group, Inc		1,716,152
	42,179	*	Axon Enterprise, Inc		3,239,769
	24,471		AZZ, Inc		1,009,673
	41,380		Barnes Group, Inc		2,613,975
	47,463	*	Beacon Roofing Supply, Inc		1,571,500
	39,286	*,e	Bloom Energy Corp		309,574
	8,167	*	Blue Bird Corp		161,135
	26,752	*,e	BlueLinx Holdings, Inc		313,801
	60,812	*	BMC Stock Holdings, Inc		1,774,798
	405,728		Boeing Co		129,131,051
	24,054		Briggs & Stratton Corp		88,278
	113,750	*	Builders FirstSource, Inc		2,820,431
	74,862		BWX Technologies, Inc		4,760,475
	13,421	e	Caesarstone Sdot-Yam Ltd		175,547
	12,384	*	CAI International, Inc		336,845
	42,074		Carlisle Cos, Inc		6,573,221
	408,642		Caterpillar, Inc		53,675,127
	25,000	*	Chart Industries, Inc		1,599,500
	12,140	*	CIRCOR International, Inc		504,174
	61,254	*	Colfax Corp		2,153,691
	12,284		Columbus McKinnon Corp		429,817
	24,677		Comfort Systems USA, Inc		1,145,013

140

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	13,460	*	Commercial Vehicle Group, Inc	$	67,165
	13,252	*	Construction Partners Inc		222,369
	41,484	*	Continental Building Products, Inc		1,534,493
	58,134	*	Cornerstone Building Brands, Inc		498,790
	35,554		Crane Co		3,038,445
	8,509		CSW Industrials, Inc		645,663
	24,760		Cubic Corp		1,616,580
	113,914		Cummins, Inc		18,222,823
	31,595		Curtiss-Wright Corp		4,594,861
	239,789		Deere & Co		38,025,740
	100,760		Donaldson Co, Inc		5,224,406
	27,155		Douglas Dynamics, Inc		1,423,737
	109,486		Dover Corp		12,464,981
	6,486	*	Ducommun, Inc		265,472
	9,722	*	DXP Enterprises, Inc		337,062
	18,597	*	Dycom Industries, Inc		751,691
	2,789		Eastern Co		77,255
	317,382		Eaton Corp		29,983,078
	40,791		EMCOR Group, Inc		3,351,796
	472,162		Emerson Electric Co		33,820,964
	11,910		Encore Wire Corp		646,832
	16,323	*,e	Energous Corp		25,627
	22,221	*,e	Energy Recovery, Inc		226,876
	55,008		Enerpac Tool Group Corp		1,271,235
	31,998		EnerSys		2,302,576
	12,073		EnPro Industries, Inc		705,546
	22,121		ESCO Technologies, Inc		2,122,731
	1,925	e	EVI Industries, Inc		51,513
	69,617	*	Evoqua Water Technologies Corp		1,390,251
	431,091		Fastenal Co		15,036,454
	57,306		Federal Signal Corp		1,842,961
	92,196		Flowserve Corp		4,303,709
	106,582		Fluor Corp		1,906,752
	225,494		Fortive Corp		16,896,265
	99,566		Fortune Brands Home & Security, Inc		6,841,180
	12,013	*	Foundation Building Materials, Inc		214,192
	40,482		Franklin Electric Co, Inc		2,335,407
	106,958	*	Gardner Denver Holdings, Inc		3,776,687
	47,078	*	Gates Industrial Corp plc		587,063
	29,558		GATX Corp		2,250,251
	3,177	*	Gencor Industries, Inc		35,614
	45,924	*	Generac Holdings, Inc		4,757,267
	196,038		General Dynamics Corp		34,392,907
	6,628,474		General Electric Co		82,524,501
	24,372	*	Gibraltar Industries, Inc		1,328,761
	27,379	*	GMS, Inc		731,567
	30,567		Gorman-Rupp Co		1,128,228
	148,076		Graco, Inc		7,870,239
	61,615	e	GrafTech International Ltd		661,129
	4,289		Graham Corp		78,403
	39,572	e	Granite Construction, Inc		1,073,588
	40,660	*	Great Lakes Dredge & Dock Corp		425,710
	25,581		Greenbrier Cos, Inc		616,246
	16,682		Griffon Corp		346,819

141

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	22,515		H&E Equipment Services, Inc	$	610,382
	54,147	*	Harsco Corp		806,790
	123,215	*	HD Supply Holdings, Inc		5,019,779
	28,889		HEICO Corp		3,536,880
	55,081		HEICO Corp (Class A)		5,296,038
	16,107		Helios Technologies, Inc		684,870
	16,705	*	Herc Holdings, Inc		670,205
	62,218		Hexcel Corp		4,617,820
	59,682		Hillenbrand, Inc		1,732,568
	556,018		Honeywell International, Inc		96,313,438
	41,467		Hubbell, Inc		5,939,318
	30,676		Huntington Ingalls		8,006,436
	2,644		Hurco Cos, Inc		82,757
	6,113		Hyster-Yale Materials Handling, Inc		330,041
	56,960		IDEX Corp		9,332,896
	5,855	*	IES Holdings, Inc		146,434
	248,128		Illinois Tool Works, Inc		43,417,437
	183,828		Ingersoll-Rand plc		24,491,404
	11,105		Insteel Industries, Inc		248,419
	63,553		ITT, Inc		4,263,135
	101,247		Jacobs Engineering Group, Inc		9,368,385
	72,150	*	JELD-WEN Holding, Inc		1,722,942
	23,161		John Bean Technologies Corp		2,616,961
	606,594		Johnson Controls International plc		23,930,133
	6,195		Kadant, Inc		660,387
	23,443		Kaman Corp		1,446,902
	49,400		Kennametal, Inc		1,545,726
	87,155	*	Kratos Defense & Security Solutions, Inc		1,598,423
	169,460		L3Harris Technologies, Inc		37,506,582
	1,917	*	Lawson Products, Inc		90,521
	5,409	*	LB Foster Co (Class A)		91,737
	24,834		Lennox International, Inc		5,785,825
	44,382		Lincoln Electric Holdings, Inc		3,957,987
	11,290		Lindsay Corp		1,129,339
	190,200		Lockheed Martin Corp		81,428,424
	19,317		Luxfer Holdings plc		308,106
	9,749	*	Lydall, Inc		199,270
	53,388	*	Manitowoc Co, Inc		771,457
	215,329		Masco Corp		10,232,434
	17,650	*	Masonite International Corp		1,325,691
	51,564	*	Mastec, Inc		2,977,821
	52,007	e	Maxar Technologies, Inc		830,032
	38,083	*	Mercury Systems, Inc		2,922,870
	54,856	*	Meritor, Inc		1,201,895
	43,483	*	Middleby Corp		4,877,053
	6,122		Miller Industries, Inc		210,658
	24,373		Moog, Inc (Class A)		2,184,065
	51,629	*	MRC Global, Inc		581,343
	31,831		MSC Industrial Direct Co (Class A)		2,166,736
	56,321		Mueller Industries, Inc		1,642,884
	102,742		Mueller Water Products, Inc (Class A)		1,196,944
	8,810	*	MYR Group, Inc		253,023
	3,530		National Presto Industries, Inc		304,251

142

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	59,229	*	Navistar International Corp	$	2,168,966
	15,855	e	NN, Inc		136,829
	42,769		Nordson Corp		7,221,973
	120,937		Northrop Grumman Corp		45,299,372
	5,149	*	Northwest Pipe Co		168,527
	104,096	*	NOW, Inc		1,042,001
	7,817	*,e	NV5 Global Inc		485,514
	124,065		nVent Electric plc		3,089,218
	1,285	e	Omega Flex, Inc		135,439
	48,448		Oshkosh Corp		4,168,466
	79,055		Owens Corning, Inc		4,782,037
	255,995		PACCAR, Inc		18,997,389
	96,272		Parker-Hannifin Corp		18,839,468
	13,220	*	Parsons Corp		540,698
	14,219		Patrick Industries, Inc		737,682
	124,599		Pentair plc		5,349,035
	53,663	*	PGT, Inc		831,776
	202,866	*,e	Plug Power, Inc		784,077
	6,290		Powell Industries, Inc		259,588
	1,077		Preformed Line Products Co		58,826
	22,124		Primoris Services Corp		471,905
	16,647	*	Proto Labs, Inc		1,722,964
	19,158		Quanex Building Products Corp		339,480
	107,199		Quanta Services, Inc		4,196,841
	20,497		Raven Industries, Inc		642,786
	214,826		Raytheon Co		47,463,656
	17,248	*	RBC Bearings, Inc		2,682,236
	33,248		Regal-Beloit Corp		2,608,638
	153,454	*	Resideo Technologies, Inc		1,562,162
	36,879	e	REV Group, Inc		368,790
	82,974	*	Rexnord Corp		2,709,101
	88,261		Rockwell Automation, Inc		16,916,103
	78,386		Roper Technologies Inc		29,916,801
	17,334		Rush Enterprises, Inc (Class A)		745,362
	2,932		Rush Enterprises, Inc (Class B)		130,064
	120,707	*	Sensata Technologies Holding plc		5,705,820
	32,276		Simpson Manufacturing Co, Inc		2,668,257
	33,622	*	SiteOne Landscape Supply, Inc		3,246,204
	40,936		Snap-On, Inc		6,534,614
	77,549		Spirit Aerosystems Holdings, Inc (Class A)		5,065,501
	38,672	*	SPX Corp		1,897,635
	26,101	*	SPX FLOW, Inc		1,141,658
	7,239		Standex International Corp		529,098
	114,277		Stanley Black & Decker, Inc		18,207,754
	16,087	*	Sterling Construction Co, Inc		211,946
	86,098	*	Sunrun, Inc		1,466,249
	6,434		Systemax, Inc		152,164
	26,050	*	Teledyne Technologies, Inc		9,509,813
	12,035		Tennant Co		929,343
	47,632		Terex Corp		1,207,471
	39,562	*	Textainer Group Holdings Ltd		374,652
	174,396		Textron, Inc		8,010,008
	22,888	*	Thermon Group Holdings		542,446
	52,367		Timken Co		2,750,839

143

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	29,909		Titan International, Inc	$	85,540
	10,075	*	Titan Machinery, Inc		123,016
	79,203		Toro Co		6,337,824
	43,174	*,e	TPI Composites, Inc		895,860
	37,651		TransDigm Group, Inc		24,220,135
	45,624	*	Trex Co, Inc		4,482,102
	47,340	*	Trimas Corp		1,360,078
	86,801		Trinity Industries, Inc		1,764,664
	46,220		Triton International Ltd		1,735,561
	58,488		Triumph Group, Inc		1,194,910
	28,202	*	Tutor Perini Corp		317,555
	4,906	*	Twin Disc, Inc		47,833
	57,713	*	United Rentals, Inc		7,831,077
	627,215		United Technologies Corp		94,207,693
	112,892	*	Univar Solutions Inc		2,432,823
	47,273		Universal Forest Products, Inc		2,264,377
	16,779		Valmont Industries, Inc		2,383,625
	7,781	*	Vectrus, Inc		433,791
	7,165	*	Veritiv Corp		100,883
	13,467	*	Vicor Corp		674,023
	19,540	*,e	Vivint Solar, Inc		159,446
	32,593		W.W. Grainger, Inc		9,864,923
	39,948		Wabash National Corp		463,397
	43,526	*	WABCO Holdings, Inc		5,904,302
	136,758		Wabtec Corp		10,100,946
	24,182		Watsco, Inc		4,205,733
	22,424		Watts Water Technologies, Inc (Class A)		2,235,897
	118,218	*	Welbilt, Inc		1,783,910
	28,126	*	WESCO International, Inc		1,361,580
	2,164	*	Willis Lease Finance Corp		128,325
	27,865	*	Willscot Corp		525,255
	43,457		Woodward Inc		5,054,484
	133,865		Xylem, Inc		10,931,416
			TOTAL CAPITAL GOODS		1,651,440,382
COMMERCIAL & PROFESSIONAL SERVICES - 1.1%
	55,778		ABM Industries, Inc		2,127,373
	33,778	*	Acacia Research (Acacia Technologies)		84,445
	99,433		ACCO Brands Corp		859,101
	129,255	e	ADT, Inc		801,381
	78,422	*	Advanced Disposal Services, Inc		2,584,005
	37,946	*	ASGN Inc		2,568,565
	4,343		Barrett Business Services, Inc		359,731
	3,767		BG Staffing, Inc		75,792
	42,167		Brady Corp (Class A)		2,334,787
	49,226	*	BrightView Holdings, Inc		777,771
	40,427		Brink’s Co		3,403,549
	36,837	*	Casella Waste Systems, Inc (Class A)		1,885,686
	32,525	*	CBIZ, Inc		878,175
	15,922	*	Ceco Environmental Corp		121,007
	15,071	*	Cimpress plc		1,802,944
	63,598		Cintas Corp		17,741,934
	37,804	*	Clean Harbors, Inc		3,108,245

144

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	153,018	*	Copart, Inc	$	15,525,206
	26,704	*	CoStar Group, Inc		17,437,445
	66,196		Covanta Holding Corp		991,616
	4,475		CRA International, Inc		238,428
	27,013		Deluxe Corp		1,302,027
	18,634		Ennis, Inc		388,705
	90,929		Equifax, Inc		13,630,257
	41,740		Exponent, Inc		3,037,420
	4,961	*	Forrester Research, Inc		205,236
	6,551	*	Franklin Covey Co		208,322
	29,740	*	FTI Consulting, Inc		3,570,584
	5,601	*	GP Strategies Corp		74,549
	49,548		Healthcare Services Group		1,268,429
	10,919		Heidrick & Struggles International, Inc		310,318
	8,242	*	Heritage-Crystal Clean, Inc		233,661
	38,812		Herman Miller, Inc		1,500,084
	38,514		HNI Corp		1,385,349
	15,343	*	Huron Consulting Group, Inc		994,380
	106,045	*	IAA, Inc		5,011,687
	10,407		ICF International, Inc		911,549
	302,843	*	IHS Markit Ltd		23,882,199
	27,397	*	Innerworkings, Inc		113,697
	28,270		Insperity, Inc		2,469,950
	35,215		Interface, Inc		566,257
	88,348		KAR Auction Services, Inc		1,857,075
	18,569		Kelly Services, Inc (Class A)		329,785
	12,856		Kforce, Inc		476,315
	17,697		Kimball International, Inc (Class B)		332,350
	26,680		Knoll, Inc		660,597
	38,637		Korn/Ferry International		1,583,344
	44,028		Manpower, Inc		4,028,122
	17,511		Matthews International Corp (Class A)		653,510
	18,198		McGrath RentCorp		1,407,069
	15,128	*	Mistras Group, Inc		167,467
	33,440		Mobile Mini, Inc		1,395,786
	29,516		MSA Safety, Inc		4,002,370
	262,103		Nielsen NV		5,346,901
	8,365	*,e	NL Industries, Inc		28,106
	182,036		Pitney Bowes, Inc		680,815
	67,570	*	Precigen, Inc		314,200
	59,629		Quad Graphics, Inc		253,423
	167,437		Republic Services, Inc		15,914,887
	15,209		Resources Connection, Inc		231,557
	94,097		Robert Half International, Inc		5,473,622
	121,386		Rollins, Inc		4,606,599
	41,455		RR Donnelley & Sons Co		99,492
	9,805	*	SP Plus Corp		409,947
	82,937		Steelcase, Inc (Class A)		1,543,458
	63,542	*	Stericycle, Inc		3,982,812
	40,398	*,e	Team, Inc		549,413
	42,001		Tetra Tech, Inc		3,595,286
	140,754		TransUnion		12,907,142
	33,491	*	TriNet Group, Inc		1,910,996
	27,821	*	TrueBlue, Inc		609,558

145

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	12,296		Unifirst Corp	$	2,507,523
	12,067		US Ecology, Inc		651,739
	121,025		Verisk Analytics, Inc		19,662,932
	14,492		Viad Corp		941,980
	4,765		VSE Corp		148,239
	327,557		Waste Management, Inc		39,863,687
	4,929	*	Willdan Group, Inc		163,298
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		276,063,248
CONSUMER DURABLES & APPAREL - 1.4%
	18,049		Acushnet Holdings Corp		558,978
	70,259	*	American Outdoor Brands Corp		661,840
	6,475		Bassett Furniture Industries, Inc		79,189
	54,502	*	Beazer Homes USA, Inc		749,402
	61,550		Brunswick Corp		3,868,417
	81,438		Callaway Golf Co		1,744,402
	108,277	*	Capri Holdings Ltd		3,243,979
	33,939		Carter’s, Inc		3,599,910
	8,835	*	Cavco Industries, Inc		1,979,217
	27,424	*	Century Communities, Inc		813,670
	10,630		Clarus Corp		140,475
	22,670		Columbia Sportswear Co		2,129,166
	47,319	*	CROCS, Inc		1,793,863
	5,513		Culp, Inc		69,629
	22,691	*	Deckers Outdoor Corp		4,331,939
	257,449		DR Horton, Inc		15,240,981
	3,637		Escalade, Inc		32,006
	39,428		Ethan Allen Interiors, Inc		636,762
	4,787		Flexsteel Industries, Inc		78,507
	57,082	*,e	Fossil Group, Inc		384,162
	112,272	*	Garmin Ltd		10,884,770
	40,146	*	G-III Apparel Group Ltd		1,092,373
	74,505	*,e	GoPro, Inc		293,550
	10,917	*	Green Brick Partners, Inc		126,528
	7,083	e	Hamilton Beach Brands Holding Co		111,911
	249,495	e	Hanesbrands, Inc		3,433,051
	97,483		Hasbro, Inc		9,930,593
	19,259	*	Helen of Troy Ltd		3,640,914
	6,640		Hooker Furniture Corp		163,610
	14,684	*	Installed Building Products, Inc		1,088,525
	17,311	*,e	iRobot Corp		814,483
	3,431		Johnson Outdoors, Inc		269,677
	52,472		KB Home		1,970,324
	32,082		Kontoor Brands, Inc		1,223,607
	45,145		La-Z-Boy, Inc		1,383,243
	94,175		Leggett & Platt, Inc		4,481,788
	9,796		Lennar Corp (B Shares)		514,388
	201,036		Lennar Corp (Class A)		13,340,749
	22,441	*	LGI Homes, Inc		1,789,445
	3,744		Lifetime Brands, Inc		25,347
	88,986	*	Lululemon Athletica, Inc		21,302,359
	27,958	*	M/I Homes, Inc		1,241,056
	11,731	*	Malibu Boats, Inc		513,700

146

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	6,686		Marine Products Corp	$	93,604
	11,236	*	MasterCraft Boat Holdings, Inc		197,417
	261,109	*,e	Mattel, Inc		3,820,025
	47,716		MDC Holdings, Inc		2,010,752
	24,411	*	Meritage Homes Corp		1,732,205
	44,397	*	Mohawk Industries, Inc		5,846,197
	20,975		Movado Group, Inc		361,189
	2,520		Nacco Industries, Inc (Class A)		118,793
	282,615		Newell Brands Inc		5,519,471
	948,350		Nike, Inc (Class B)		91,326,105
	2,467	*	NVR, Inc		9,416,465
	16,346		Oxford Industries, Inc		1,134,412
	44,050		Polaris Inc		4,045,552
	184,285		Pulte Homes, Inc		8,228,325
	51,958		PVH Corp		4,529,179
	35,866		Ralph Lauren Corp		4,070,791
	96,885	*	Skechers U.S.A., Inc (Class A)		3,622,530
	54,039		Skyline Champion Corp		1,553,621
	50,941	*	Sonos, Inc		698,911
	70,267		Steven Madden Ltd		2,709,495
	19,029		Sturm Ruger & Co, Inc		942,316
	2,932		Superior Uniform Group, Inc		33,806
	213,080		Tapestry, Inc		5,491,072
	96,173	*	Taylor Morrison Home Corp		2,488,957
	35,239	*	Tempur Sealy International, Inc		3,228,597
	87,468		Toll Brothers, Inc		3,880,080
	25,210	*	TopBuild Corp		2,886,797
	133,679	*	TRI Pointe Homes, Inc		2,173,621
	41,883		Tupperware Brands Corp		262,188
	142,549	*	Under Armour, Inc (Class A)		2,876,639
	146,854	*	Under Armour, Inc (Class C)		2,637,498
	14,239	*	Unifi, Inc		306,423
	8,554	*	Universal Electronics, Inc		423,680
	10,709	*	Vera Bradley, Inc		102,592
	233,472		VF Corp		19,371,172
	79,959	*	Vista Outdoor, Inc		594,095
	45,572		Whirlpool Corp		6,661,259
	22,600	*	William Lyon Homes, Inc		524,094
	74,976		Wolverine World Wide, Inc		2,366,992
	32,234	*,e	YETI Holdings, Inc		1,172,028
	16,438	*,e	ZAGG, Inc		124,271
			TOTAL CONSUMER DURABLES & APPAREL		331,355,701
CONSUMER SERVICES - 2.2%
	46,822	*	Adtalem Global Education, Inc		1,615,827
	8,703	*	American Public Education, Inc		207,393
	179,840		ARAMARK Holdings Corp		7,938,138
	39,159		BBX Capital Corp		151,937
	605	*	Biglari Holdings, Inc (B Shares)		65,630
	23,159		BJ’s Restaurants, Inc		921,265
	61,045		Bloomin’ Brands, Inc		1,267,905
	51,904		Boyd Gaming Corp		1,549,334
	42,716	*	Bright Horizons Family Solutions		6,993,891
	37,667		Brinker International, Inc		1,608,004

147

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	424,601	*	Caesars Entertainment Corp	$	5,804,296
	303,672		Carnival Corp		13,218,842
	14,241		Carriage Services, Inc		337,084
	33,199	*	Carrols Restaurant Group, Inc		150,723
	10,670	*	Century Casinos, Inc		88,881
	36,491	e	Cheesecake Factory		1,401,254
	84,862	*	Chegg, Inc		3,498,860
	19,428	*	Chipotle Mexican Grill, Inc (Class A)		16,839,413
	24,733		Choice Hotels International, Inc		2,478,247
	27,797		Churchill Downs, Inc		4,013,331
	9,242	*	Chuy’s Holdings, Inc		226,891
	4,522		Collectors Universe		111,060
	17,291	e	Cracker Barrel Old Country Store, Inc		2,644,313
	94,293		Darden Restaurants, Inc		10,978,534
	23,509	e	Dave & Buster’s Entertainment, Inc		1,038,157
	17,977	*	Del Taco Restaurants, Inc		135,547
	51,012	*	Denny’s Corp		1,044,216
	11,516		Dine Brands Global Inc.		981,739
	32,050		Domino’s Pizza, Inc		9,030,088
	39,635	*	Drive Shack, Inc		149,820
	58,586		Dunkin Brands Group, Inc		4,574,981
	12,324	*	El Pollo Loco Holdings, Inc		169,825
	52,335	*,e	Eldorado Resorts, Inc		3,128,586
	138,810		Extended Stay America, Inc		1,793,425
	13,720	*	Fiesta Restaurant Group, Inc		136,240
	72,964	*	frontdoor, Inc		3,106,807
	10,687	*	Golden Entertainment, Inc		183,389
	3,415		Graham Holdings Co		1,875,586
	36,841	*	Grand Canyon Education, Inc		2,883,913
	150,806		H&R Block, Inc		3,498,699
	11,282	*	Habit Restaurants, Inc		156,933
	63,073	*	Hilton Grand Vacations, Inc		2,012,659
	212,326		Hilton Worldwide Holdings, Inc		22,888,743
	58,302	*	Houghton Mifflin Harcourt Co		321,827
	27,534		Hyatt Hotels Corp		2,327,724
	68,087	e	International Game Technology plc		918,494
	6,138	*	J Alexander’s Holdings, Inc		58,802
	26,346		Jack in the Box, Inc		2,153,786
	42,184	*	K12, Inc		680,850
	259,792		Las Vegas Sands Corp		16,967,016
	79,053	*	Laureate Education, Inc		1,647,465
	11,160	*	Lindblad Expeditions Holdings, Inc		184,028
	211,400		Marriott International, Inc (Class A)		29,608,684
	30,322		Marriott Vacations Worldwide Corp		3,645,917
	578,951		McDonald’s Corp		123,878,146
	371,963		MGM Resorts International		11,553,171
	5,998	*	Monarch Casino & Resort, Inc		321,973
	1,517		Nathan’s Famous, Inc		100,122
	10,030	*,e	Noodles & Co		71,614
	165,719	*	Norwegian Cruise Line Holdings Ltd		8,923,968
	32,278	e	OneSpaWorld Holdings Ltd		484,493
	15,209		Papa John’s International, Inc		985,239
	84,521	*	Penn National Gaming, Inc		2,521,261

148

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	40,625	*	Perdoceo Education Corp	$	722,313
	62,826	*	Planet Fitness, Inc		5,075,713
	12,084	*	PlayAGS, Inc		124,224
	17,426	*	Potbelly Corp		75,106
	4,928		RCI Hospitality Holdings, Inc		87,373
	7,293	*	Red Lion Hotels Corp		20,129
	17,963	*	Red Robin Gourmet Burgers, Inc		590,444
	42,685		Red Rock Resorts, Inc		1,046,209
	27,918	*,e	Regis Corp		433,287
	131,318		Royal Caribbean Cruises Ltd		15,374,711
	16,648		Ruth’s Hospitality Group Inc		341,284
	62,348	*	Scientific Games Corp (Class A)		1,548,724
	38,900	*	SeaWorld Entertainment, Inc		1,340,494
	56,119	*	Select Interior Concepts Inc		463,543
	135,209		Service Corp International		6,483,272
	98,902	*	ServiceMaster Global Holdings, Inc		3,565,417
	21,242	*	Shake Shack, Inc		1,432,773
	59,585		Six Flags Entertainment Corp		2,271,976
	904,571		Starbucks Corp		76,734,758
	15,916		Strategic Education, Inc		2,583,008
	23,473	*	Target Hospitality Corp		128,397
	45,694		Texas Roadhouse, Inc (Class A)		2,855,875
	14,842	e	Twin River Worldwide Holdings Inc		395,539
	31,544		Vail Resorts, Inc		7,397,383
	136,278		Wendy’s		2,953,144
	23,960		Wingstop, Inc		2,222,769
	45,831	*	WW International Inc		1,511,506
	68,464		Wyndham Destinations, Inc		3,322,558
	70,289		Wyndham Hotels & Resorts, Inc		4,018,422
	74,105		Wynn Resorts Ltd		9,349,087
	273,730		Yum China Holdings, Inc		11,789,551
	243,180		Yum! Brands, Inc		25,721,149
			TOTAL CONSUMER SERVICES		542,235,124
DIVERSIFIED FINANCIALS - 3.6%
	35,099		Affiliated Managers Group, Inc		2,802,655
	28,747		AG Mortgage Investment Trust		455,640
	433,261		AGNC Investment Corp		8,054,322
	285,187		Ally Financial, Inc		9,134,540
	514,904		American Express Co		66,870,582
	97,743		Ameriprise Financial, Inc		16,167,670
	1,059,144		Annaly Capital Management, Inc		10,337,245
	92,233		Anworth Mortgage Asset Corp		330,194
	128,059		Apollo Commercial Real Estate Finance, Inc		2,340,919
	18,424		Ares Commercial Real Estate Corp		301,048
	45,717		Ares Management Corp		1,648,555
	25,578	e	Arlington Asset Investment Corp (Class A)		145,283
	59,834	*	ARMOUR Residential REIT, Inc		1,152,403
	49,079		Artisan Partners Asset Management, Inc		1,639,239
	10,353	*	Assetmark Financial Holdings, Inc		303,653
	2,450	e	Associated Capital Group, Inc		102,336
	12,562		B. Riley Financial, Inc		336,913
	16,791		Banco Latinoamericano de Exportaciones S.A. (Class E)		338,507

149

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	625,040		Bank of New York Mellon Corp	$	27,989,291
	180,369		BGC Partners, Inc (Class A)		1,040,729
	92,255		BlackRock, Inc		48,650,674
	98,281		Blackstone Mortgage Trust, Inc		3,754,334
	39,851	*	Blucora, Inc		898,640
	76,771		Brightsphere Investment Group, Inc		707,061
	6,593	*,†	Calamos Asset Management, Inc		0
	63,923	*	Cannae Holdings, Inc		2,599,109
	358,443		Capital One Financial Corp		35,772,611
	51,594		Capstead Mortgage Corp		424,103
	85,196		CBOE Global Markets, Inc		10,497,851
	875,754		Charles Schwab Corp		39,890,595
	47,113		Cherry Hill Mortgage Investment Corp		723,656
	138,953		Chimera Investment Corp		2,945,804
	270,707		CME Group, Inc		58,773,197
	25,360		Cohen & Steers, Inc		1,876,133
	79,651		Colony Credit Real Estate, Inc		991,655
	15,293	*	Cowen Group, Inc		245,759
	7,887	*	Credit Acceptance Corp		3,383,365
	6,319	*	Curo Group Holdings Corp		65,781
	2,676		Diamond Hill Investment Group, Inc		376,701
	236,354		Discover Financial Services		17,757,276
	18,466	*	Donnelley Financial Solutions, Inc		167,302
	16,169		Dynex Capital, Inc		288,132
	166,609		E*TRADE Financial Corp		7,100,876
	78,465		Eaton Vance Corp		3,589,774
	26,365	*	Elevate Credit, Inc		153,181
	19,385		Ellington Financial Inc		354,164
	30,693	*,e	Encore Capital Group, Inc		1,042,027
	20,051	*	Enova International, Inc		502,478
	27,053		Evercore Inc		2,072,801
	25,385		Exantas Capital Corp		306,651
	27,938	*,e	Ezcorp, Inc (Class A)		173,774
	26,996		Factset Research Systems, Inc		7,723,826
	76,506		Federated Investors, Inc (Class B)		2,771,812
	152,235		FGL Holdings		1,469,068
	32,718		FirstCash, Inc		2,845,484
	39,114	*	Focus Financial Partners, Inc		1,104,970
	217,001		Franklin Resources, Inc		5,490,125
	20,991	e	Gain Capital Holdings, Inc		82,075
	2,450		GAMCO Investors, Inc (Class A)		40,547
	243,170		Goldman Sachs Group, Inc		57,813,667
	53,217		Granite Point Mortgage Trust, Inc		973,339
	51,405		Great Ajax Corp		775,701
	35,493	*	Green Dot Corp		1,067,629
	22,909		Greenhill & Co, Inc		358,755
	17,627		Hamilton Lane, Inc		1,144,874
	27,890		Houlihan Lokey, Inc		1,446,096
	52,337		Interactive Brokers Group, Inc (Class A)		2,459,839
	418,380		IntercontinentalExchange Group, Inc		41,729,221
	10,594	*	INTL FCStone, Inc		504,910
	282,214		Invesco Ltd		4,882,302
	98,104		Invesco Mortgage Capital, Inc		1,715,839
	117,106		Janus Henderson Group plc		2,959,269

150

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	185,369		Jefferies Financial Group, Inc	$	4,011,385
	32,622		KKR Real Estate Finance Trust, Inc		686,693
	77,355		Ladder Capital Corp		1,419,464
	67,587		Ladenburg Thalmann Financial Services, Inc		235,879
	77,803		Lazard Ltd (Class A)		3,264,614
	55,764		Legg Mason, Inc		2,183,161
	43,832	*	LendingClub Corp		513,711
	61,306		LPL Financial Holdings, Inc		5,648,122
	27,966		MarketAxess Holdings, Inc		9,904,998
	3,189		Marlin Business Services Corp		62,823
	363,947		MFA Financial Inc		2,838,787
	36,381		Moelis & Co		1,309,716
	124,952		Moody’s Corp		32,086,424
	886,677		Morgan Stanley		46,337,740
	17,048		Morningstar, Inc		2,674,661
	61,282		MSCI, Inc (Class A)		17,514,396
	85,486		Nasdaq Inc		9,955,700
	158,729		Navient Corp		2,282,523
	11,109		Nelnet, Inc (Class A)		636,101
	316,340		New Residential Investment Corp		5,295,532
	162,195		New York Mortgage Trust, Inc		1,029,938
	17,297	*,†	NewStar Financial, Inc		4,176
	150,769		Northern Trust Corp		14,746,716
	32,979	*	On Deck Capital, Inc		134,554
	59,602		OneMain Holdings, Inc		2,525,337
	5,009		Oppenheimer Holdings, Inc		137,998
	41,882		Orchid Island Capital, Inc		252,967
	66,957		PennyMac Mortgage Investment Trust		1,556,750
	12,064	*	Pico Holdings, Inc		120,037
	15,025		Piper Jaffray Cos		1,238,511
	20,764		PJT Partners, Inc		955,559
	26,014	*	PRA Group, Inc		919,855
	8,894		Pzena Investment Management, Inc (Class A)		72,842
	95,237		Raymond James Financial, Inc		8,707,519
	11,425		Ready Capital Corp		186,456
	91,419		Redwood Trust, Inc		1,611,717
	5,910	*	Regional Management Corp		162,820
	188,007		S&P Global, Inc		55,223,296
	15,419		Safeguard Scientifics, Inc		164,058
	101,353		Santander Consumer USA Holdings, Inc		2,698,017
	16,757		Sculptor Capital Management, Inc		384,406
	111,497		SEI Investments Co		7,276,294
	3,406		Silvercrest Asset Management Group, Inc		40,463
	291,155		SLM Corp		3,179,413
	202,486		Starwood Property Trust, Inc		5,195,791
	274,338		State Street Corp		20,748,183
	52,897		Stifel Financial Corp		3,421,907
	492,725		Synchrony Financial		15,969,217
	181,142		T Rowe Price Group, Inc		24,187,891
	197,912		TD Ameritrade Holding Corp		9,396,862
	46,510		TPG RE Finance Trust, Inc		952,060
	207,916		Two Harbors Investment Corp		3,172,798
	46,547	e	Virtu Financial, Inc		776,869
	3,892		Virtus Investment Partners, Inc		478,833

151

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	107,581		Voya Financial, Inc	$	6,425,813
	46,753	e	Waddell & Reed Financial, Inc (Class A)		747,113
	24,220		Western Asset Mortgage Capital Corp		256,974
	5,515		Westwood Holdings Group, Inc		154,861
	65,487		WisdomTree Investments, Inc		275,700
	3,309	*	World Acceptance Corp		286,129
			TOTAL DIVERSIFIED FINANCIALS		881,575,667
ENERGY - 3.6%
	98,619	*	Abraxas Petroleum Corp		22,584
	5,842		Amplify Energy Corp		31,488
	191,374	e	Antero Midstream Corp		964,525
	159,817	*,e	Antero Resources Corp		295,661
	285,199		Apache Corp		7,825,861
	62,566	*	Apergy Corp		1,617,957
	12,389	e	Arch Coal, Inc		638,405
	86,405		Archrock, Inc		721,482
	17,293	*	Ardmore Shipping Corp		106,352
	492,919		Baker Hughes a GE Co		10,676,626
	35,807		Berry Petroleum Co LLC		245,278
	12,844	*	Bonanza Creek Energy, Inc		233,632
	11,462		Brigham Minerals, Inc		194,969
	312,867		Cabot Oil & Gas Corp		4,408,296
	34,097		Cactus, Inc		982,676
	90,512	*,e	California Resources Corp		664,358
	432,545	*	Callon Petroleum Co		1,297,635
	158,201	*	Centennial Resource Development, Inc		515,735
	172,126	*	Cheniere Energy, Inc		10,196,744
	1,129,264	*,e	Chesapeake Energy Corp		577,957
	1,468,096		Chevron Corp		157,291,805
	70,621		Cimarex Energy Co		3,099,556
	70,718	*	Clean Energy Fuels Corp		162,651
	131,805	*	CNX Resources Corp		952,950
	152,477		Concho Resources, Inc		11,554,707
	843,102		ConocoPhillips		50,105,552
	29,581	*	CONSOL Energy, Inc		240,494
	63,518		Continental Resources, Inc		1,728,960
	13,475	*	Contura Energy Inc		78,020
	18,547	*,e	Covia Holdings Corp		29,675
	25,220		CVR Energy, Inc		872,864
	52,925		Delek US Holdings, Inc		1,453,320
	471,080	*	Denbury Resources, Inc		464,014
	296,118	*	Devon Energy Corp		6,431,683
	78,395		DHT Holdings, Inc		441,364
	38,426	*,e	Diamond Offshore Drilling, Inc		177,912
	40,328	*	Diamond S Shipping Inc		446,834
	125,209		Diamondback Energy, Inc		9,315,550
	14,449	e	DMC Global, Inc		604,402
	14,063	*	Dorian LPG Ltd		184,507
	24,194	*	Dril-Quip, Inc		989,535
	10,934	*	Earthstone Energy, Inc		54,670
	61,062	*,e	Energy Fuels, Inc		86,708
	439,846		EOG Resources, Inc		32,069,172

152

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	199,464		EQT Corp	$	1,206,757
	160,200	e	Equitrans Midstream Corp		1,549,134
	14,195	*	Era Group, Inc		141,098
	18,488		Evolution Petroleum Corp		93,180
	18,645	*	Exterran Corp		100,683
	137,437	*,e	Extraction Oil & Gas, Inc		195,161
	3,260,275	d	Exxon Mobil Corp		202,528,283
	27,602		Falcon Minerals Corp		151,811
	152,912	*	Forum Energy Technologies, Inc		162,087
	159,691	*	Frank’s International NV		558,918
	58,721	*	FTS International, Inc		35,937
	30,698		GasLog Ltd		198,923
	55,223		Golar LNG Ltd		531,245
	53,948		Green Plains Inc		672,732
	151,931	*	Gulfport Energy Corp		235,493
	7,725		Hallador Energy Co		12,823
	652,115		Halliburton Co		14,222,628
	91,452	*	Helix Energy Solutions Group, Inc		762,710
	81,175		Helmerich & Payne, Inc		3,291,646
	201,636		Hess Corp		11,406,549
	71,409	*	HighPoint Resources Corp		82,834
	116,065		HollyFrontier Corp		5,213,640
	25,299	*	Independence Contract Drilling, Inc		17,770
	15,991	*	International Seaways, Inc		355,960
	1,493,895		Kinder Morgan, Inc		31,177,589
	29,441	*	KLX Energy Services Holdings, Inc		118,942
	290,467		Kosmos Energy Ltd		1,484,286
	290,729	*	Laredo Petroleum Holdings, Inc		500,054
	25,902		Liberty Oilfield Services, Inc		219,649
	72,043	*	Magnolia Oil & Gas Corp		757,892
	4,924	e	Mammoth Energy Services, Inc		6,992
	609,336		Marathon Oil Corp		6,928,150
	489,619		Marathon Petroleum Corp		26,684,235
	62,707	*	Matador Resources Co		919,912
	14,345	*	Matrix Service Co		288,621
	17,080	*	Montage Resources Corp		62,342
	105,035		Murphy Oil Corp		2,201,534
	287,438		Nabors Industries Ltd		594,997
	17,684	*	National Energy Services Reunited Corp		116,538
	280,805		National Oilwell Varco, Inc		5,787,391
	6,426	*	Natural Gas Services Group, Inc		67,602
	6,147	*,e	NCS Multistage Holdings, Inc		9,405
	136,214	*	Newpark Resources, Inc		681,070
	103,968	*	NexTier Oilfield Solutions, Inc		535,435
	19,146	*	Nine Energy Service, Inc		92,667
	468,553	*	Noble Corp plc		378,497
	348,282		Noble Energy, Inc		6,885,535
	118,379		Nordic American Tankers Ltd		400,121
	443,778	*,e	Northern Oil And Gas, Inc		736,671
	285,503	*	Oasis Petroleum, Inc		642,382
	678,379		Occidental Petroleum Corp		26,945,214
	56,126	*	Oceaneering International, Inc		696,524
	37,144	*	Oil States International, Inc		400,412
	313,227		ONEOK, Inc		23,451,305

153

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	25,842	*	Overseas Shipholding Group, Inc	$	45,999
	3,923	*,e	Pacific Drilling SA		7,218
	9,875		Panhandle Oil and Gas, Inc (Class A)		71,396
	47,820	*	Par Pacific Holdings, Inc		962,138
	222,461		Parsley Energy, Inc		3,701,751
	134,449		Patterson-UTI Energy, Inc		1,067,525
	84,347		PBF Energy, Inc		2,302,673
	83,500	*	PDC Energy, Inc		1,802,765
	49,634		Peabody Energy Corp		335,526
	8,042	*	Penn Virginia Corp		171,858
	344,801		Phillips 66		31,504,467
	123,790		Pioneer Natural Resources Co		16,711,650
	113,450	*	ProPetro Holding Corp		1,105,003
	229,802		QEP Resources Inc		728,472
	210,113	e	Range Resources Corp		630,339
	23,028	*,e	Renewable Energy Group, Inc		605,176
	3,133	*	Rex American Resources Corp		236,072
	9,218	*	RigNet, Inc		38,347
	61,419	*,e	Ring Energy, Inc		132,665
	34,279	e	RPC, Inc		155,284
	21,991	*	SandRidge Energy, Inc		56,077
	1,053,952		Schlumberger Ltd		35,317,932
	45,913		Scorpio Tankers, Inc		1,071,609
	19,352	*	SEACOR Holdings, Inc		727,442
	8,251	*	SEACOR Marine Holdings, Inc		86,140
	51,332	*,e	Select Energy Services, Inc		357,271
	89,233		SFL Corp Ltd		1,181,445
	3,507	*	SilverBow Resources, Inc		18,657
	70,325		SM Energy Co		645,583
	15,317	*,e	Smart Sand, Inc		31,094
	51,656	e	Solaris Oilfield Infrastructure, Inc		595,594
	372,511	*,e	Southwestern Energy Co		584,842
	11,179	*	Talos Energy, Inc		245,267
	167,395		Targa Resources Investments, Inc		6,109,917
	32,401	e	Teekay Corp		115,348
	13,126	*	Teekay Tankers Ltd		213,823
	110,593	*,e	Tellurian, Inc		776,363
	393,353	*	Tetra Technologies, Inc		601,830
	14,809	*	Tidewater, Inc		224,801
	436,074	*	Transocean Ltd		1,988,497
	36,658	*	Unit Corp		14,656
	75,588	*,e	Uranium Energy Corp		62,730
	84,372	e	US Silica Holdings, Inc		433,672
	313,440		Valero Energy Corp		26,426,126
	62,041	*	W&T Offshore, Inc		256,850
	91,912	*,e	Whiting Petroleum Corp		417,280
	926,454		Williams Cos, Inc		19,168,333
	62,394		World Fuel Services Corp		2,440,853
	300,068	*	WPX Energy, Inc		3,585,813
			TOTAL ENERGY		870,627,261
FOOD & STAPLES RETAILING - 1.3%
	15,325		Andersons, Inc		346,652

154

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	26,715		Casey’s General Stores, Inc	$	4,297,375
	10,609	*	Chefs’ Warehouse Holdings, Inc		386,168
	339,915		Costco Wholesale Corp		103,850,831
	29,926	*	Grocery Outlet Holding Corp		979,777
	8,756		Ingles Markets, Inc (Class A)		365,038
	605,008		Kroger Co		16,250,515
	10,727		Natural Grocers by Vitamin C		97,079
	71,924	*	Performance Food Group Co		3,724,944
	14,066		Pricesmart, Inc		861,683
	91,332	*,e	Rite Aid Corp		1,091,417
	22,179		SpartanNash Co		270,140
	94,195	*	Sprouts Farmers Market, Inc		1,472,268
	365,930		SYSCO Corp		30,057,490
	58,226	*	United Natural Foods, Inc		419,227
	163,328	*	US Foods Holding Corp		6,560,886
	4,388		Village Super Market (Class A)		97,677
	574,256		Walgreens Boots Alliance, Inc		29,200,918
	1,084,127		Walmart, Inc		124,121,700
	8,321	e	Weis Markets, Inc		305,297
			TOTAL FOOD & STAPLES RETAILING		324,757,082
FOOD, BEVERAGE & TOBACCO - 3.5%
	72,443	*,e	22nd Century Group, Inc		67,140
	1,515		Alico, Inc		54,525
	1,429,781		Altria Group, Inc		67,957,491
	424,976		Archer-Daniels-Midland Co		19,021,926
	58,108	e	B&G Foods, Inc (Class A)		933,215
	36,145	*,e	Beyond Meat, Inc		3,991,131
	6,308	*	Boston Beer Co, Inc (Class A)		2,248,045
	50,008		Brown-Forman Corp (Class A)		3,214,014
	133,260		Brown-Forman Corp (Class B)		9,013,706
	100,045		Bunge Ltd		5,245,359
	14,630	e	Calavo Growers, Inc		1,120,804
	29,725		Cal-Maine Foods, Inc		1,060,885
	124,432	e	Campbell Soup Co		6,021,265
	2,938,496		Coca-Cola Co		171,608,167
	4,574		Coca-Cola Consolidated Inc		1,238,685
	361,328		ConAgra Brands, Inc		11,894,918
	118,408		Constellation Brands, Inc (Class A)		22,296,226
	8,095	*	Craft Brewers Alliance, Inc		132,758
	119,696	*	Darling International, Inc		3,247,352
	6,646	*	Farmer Bros Co		79,619
	151,081		Flowers Foods, Inc		3,252,774
	21,115		Fresh Del Monte Produce, Inc		662,589
	26,401	*	Freshpet, Inc		1,660,095
	459,841		General Mills, Inc		24,012,897
	62,127	*	Hain Celestial Group, Inc		1,504,095
	117,272		Hershey Co		18,197,096
	214,121	e	Hormel Foods Corp		10,119,358
	106,867	*	Hostess Brands, Inc		1,434,155
	54,289		Ingredion, Inc		4,777,432
	13,534		J&J Snack Foods Corp		2,244,479
	82,230		J.M. Smucker Co		8,519,850
	5,079		John B. Sanfilippo & Son, Inc		428,160

155

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	184,420		Kellogg Co	$	12,579,288
	155,701		Keurig Dr Pepper, Inc		4,442,150
	471,812		Kraft Heinz Co		13,776,910
	113,508		Lamb Weston Holdings, Inc		10,364,415
	16,159		Lancaster Colony Corp		2,498,989
	14,640	*	Landec Corp		163,968
	10,216		Limoneira Co		199,416
	92,399		McCormick & Co, Inc		15,095,225
	7,667	e	MGP Ingredients, Inc		261,138
	130,477		Molson Coors Brewing Co (Class B)		7,251,912
	1,092,648		Mondelez International, Inc		62,696,142
	310,630	*	Monster Beverage Corp		20,687,958
	13,534	e	National Beverage Corp		580,744
	51,590	*,e	New Age Beverages Corp		89,767
	1,074,060		PepsiCo, Inc		152,538,001
	1,190,513		Philip Morris International, Inc		98,455,425
	57,747	*	Pilgrim’s Pride Corp		1,504,309
	45,933	*	Post Holdings, Inc		4,803,214
	24,294	*	Primo Water Corp		366,111
	14,696		Sanderson Farms, Inc		2,023,492
	208		Seaboard Corp		801,967
	4,092	*	Seneca Foods Corp		161,839
	62,229	*	Simply Good Foods Co		1,429,400
	17,191	e	Tootsie Roll Industries, Inc		586,385
	41,423	*	TreeHouse Foods, Inc		1,847,466
	2,699	e	Turning Point Brands, Inc		61,645
	219,087		Tyson Foods, Inc (Class A)		18,103,159
	25,766		Universal Corp		1,369,463
	109,117	e	Vector Group Ltd		1,433,797
			TOTAL FOOD, BEVERAGE & TOBACCO		843,433,906
HEALTH CARE EQUIPMENT & SERVICES - 6.2%
	1,329,369		Abbott Laboratories		115,841,215
	33,218	*	Abiomed, Inc		6,188,181
	61,947	*	Acadia Healthcare Co, Inc		1,990,357
	77,257	*	Accuray, Inc		300,530
	9,401	*	Addus HomeCare Corp		886,890
	59,228	*	Align Technology, Inc		15,227,519
	103,626	*	Allscripts Healthcare Solutions, Inc		889,111
	71,010	*	Alphatec Holdings Inc		494,230
	21,812	*	Amedisys, Inc		3,849,600
	7,363	*	American Renal Associates Holdings, Inc		66,856
	113,139		AmerisourceBergen Corp		9,680,173
	42,001	*	AMN Healthcare Services, Inc		2,830,027
	21,854	*	Angiodynamics, Inc		300,930
	121,284	*	Antares Pharma, Inc		445,112
	195,073		Anthem, Inc		51,748,965
	15,363	*,e	Apollo Medical Holdings, Inc		275,305
	24,260	*	AtriCure, Inc		943,714
	1,106		Atrion Corp		795,424
	42,404	*	Avanos Medical, Inc		1,167,806
	48,972	*	AxoGen, Inc		605,294
	10,982	*,e	Axonics Modulation Technologies, Inc		318,807

156

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	367,643		Baxter International, Inc	$	32,801,108
	205,763		Becton Dickinson & Co		56,621,862
	74,283	*,e	BioSig Technologies Inc		362,501
	23,156	*	BioTelemetry, Inc		1,132,792
	1,064,316	*	Boston Scientific Corp		44,562,911
	119,686	*	Brookdale Senior Living, Inc		788,731
	26,893		Cantel Medical Corp		1,749,659
	222,525		Cardinal Health, Inc		11,395,505
	33,385	*	Cardiovascular Systems, Inc		1,515,345
	40,860	*	Castlight Health, Inc		50,666
	438,260	*	Centene Corp		27,527,111
	241,641		Cerner Corp		17,357,073
	94,389	*	Cerus Corp		378,500
	28,921	*,e	Change Healthcare, Inc		448,854
	11,254		Chemed Corp		5,256,068
	280,605		Cigna Corp		53,982,790
	6,695		Computer Programs & Systems, Inc		174,070
	168,061	*	ConforMIS, Inc		167,305
	22,398		Conmed Corp		2,277,429
	36,876		Cooper Cos, Inc		12,791,916
	6,367	*	Corvel Corp		583,026
	69,303	*	Covetrus, Inc		852,427
	21,782	*	Cross Country Healthcare, Inc		215,642
	17,940	*	CryoLife, Inc		533,536
	15,737	*,e	CryoPort, Inc		281,850
	7,473	*	Cutera, Inc		210,589
	995,518		CVS Health Corp		67,516,031
	18,074	*,e	CytoSorbents Corp		89,286
	477,726		Danaher Corp		76,851,782
	85,619	*	DaVita, Inc		6,838,390
	169,995		Dentsply Sirona, Inc		9,519,720
	69,323	*	DexCom, Inc		16,689,512
	34,395	*	Diplomat Pharmacy, Inc		136,892
	158,758	*	Edwards Lifesciences Corp		34,904,534
	68,845		Encompass Health Corp		5,303,130
	44,051		Ensign Group, Inc		1,991,105
	111,375	*	Envista Holdings Corp		3,295,586
	25,112	*	Enzo Biochem, Inc		63,031
	84,675	*	Evolent Health, Inc		853,524
	27,674	*	Genesis Health Care, Inc		41,511
	28,490	*	GenMark Diagnostics, Inc		153,561
	38,436	*	Glaukos Corp		2,162,025
	56,139	*	Globus Medical, Inc		2,934,947
	34,017	*	Guardant Health, Inc		2,586,653
	38,594	*	Haemonetics Corp		4,144,610
	25,810	*	Hanger Inc		630,538
	205,625		HCA Healthcare, Inc		28,540,750
	6,000	*	Health Catalyst, Inc		195,900
	52,383	*	HealthEquity, Inc		3,460,421
	15,201		HealthStream, Inc		388,386
	114,987	*	Henry Schein, Inc		7,927,204
	3,685	*	Heska Corp		369,200
	48,561		Hill-Rom Holdings, Inc		5,171,261
	62,465	*	HMS Holdings Corp		1,706,544

157

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	198,211	*	Hologic, Inc	$	10,608,253
	101,279		Humana, Inc		34,054,051
	13,743	*	ICU Medical, Inc		2,507,685
	63,864	*	IDEXX Laboratories, Inc		17,307,783
	10,894	*	Inogen, Inc		482,277
	52,973	*	Inovalon Holdings, Inc		1,073,233
	16,460	*	Inspire Medical Systems, Inc		1,231,208
	44,244	*	Insulet Corp		8,585,106
	27,315	*	Integer Holding Corp		2,332,701
	55,133	*	Integra LifeSciences Holdings Corp		3,034,520
	13,407	*,e	IntriCon Corp		228,321
	89,692	*	Intuitive Surgical, Inc		50,207,788
	22,488		Invacare Corp		172,933
	16,327	*	iRhythm Technologies, Inc		1,398,081
	33,790	*	Joint Corp		564,293
	73,547	*	Laboratory Corp of America Holdings		12,900,144
	28,990	*	Lantheus Holdings, Inc		507,615
	8,165		LeMaitre Vascular, Inc		293,818
	24,160	*	LHC Group, Inc		3,521,320
	35,125	*	LivaNova plc		2,387,446
	10,806	*,e	Livongo Health, Inc		261,073
	15,248	*	Magellan Health Services, Inc		1,116,306
	33,727	*	Masimo Corp		5,753,826
	136,612		McKesson Corp		19,482,237
	63,563	*	MEDNAX, Inc		1,466,398
	1,037,538		Medtronic plc		119,773,387
	23,233		Meridian Bioscience, Inc		228,613
	37,595	*	Merit Medical Systems, Inc		1,369,210
	2,547		Mesa Laboratories, Inc		668,435
	47,097	*	Molina Healthcare, Inc		5,791,518
	14,768		National Healthcare Corp		1,239,331
	5,812		National Research Corp		393,298
	21,959	*	Natus Medical, Inc		687,097
	35,686	*	Neogen Corp		2,400,597
	21,357	*	Nevro Corp		2,838,559
	29,806	*	NextGen Healthcare, Inc		413,111
	67,125	*	Novocure Ltd		5,468,002
	37,042	*	NuVasive, Inc		2,856,679
	28,911	*	Omnicell, Inc		2,349,886
	66,882	*	Option Care Health, Inc		279,567
	32,080	*	OraSure Technologies, Inc		226,164
	10,157	*	Orthofix Medical Inc		439,392
	6,251	*	OrthoPediatrics Corp		287,108
	66,635		Owens & Minor, Inc		417,135
	76,141		Patterson Cos, Inc		1,675,863
	22,025	*	Pennant Group, Inc		581,460
	25,151	*	Penumbra, Inc		4,412,994
	18,443	*,e	PetIQ, Inc		548,679
	47,341	*	Premier, Inc		1,646,047
	7,425	*	Providence Service Corp		481,511
	6,289	*,e	Pulse Biosciences, Inc		88,046
	102,919		Quest Diagnostics, Inc		11,390,046
	30,342	*	Quidel Corp		2,330,266

158

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	63,310	*	R1 RCM, Inc	$	791,375
	19,979	*	RadNet, Inc		450,926
	111,081		Resmed, Inc		17,658,547
	28,831	*,e	Rockwell Medical, Inc		75,249
	21,979	*	RTI Surgical Holdings Inc		91,433
	90,758	*	Select Medical Holdings Corp		2,072,913
	157,592	*,e	Senseonics Holdings, Inc		128,894
	17,750	*	Shockwave Medical Inc		770,705
	7,713	*	SI-BONE, Inc		162,821
	15,116	*	Sientra, Inc		91,603
	9,462	*	Silk Road Medical Inc		440,361
	5,738		Simulations Plus, Inc		186,944
	46,169	*	Staar Surgical Co		1,553,125
	62,369		STERIS plc		9,398,385
	265,012		Stryker Corp		55,838,028
	22,774	*	Surgery Partners, Inc		384,197
	7,753	*	SurModics, Inc		305,391
	11,232	*,e	Tabula Rasa HealthCare, Inc		652,242
	16,440	*	Tactile Systems Technology, Inc		923,764
	45,377	*	Tandem Diabetes Care, Inc		3,450,467
	54,622	*,e	Teladoc, Inc		5,555,604
	34,957		Teleflex, Inc		12,986,875
	85,870	*	Tenet Healthcare Corp		2,716,927
	42,675	*,e	Tivity Health, Inc		923,700
	6,130	*,e	Transmedics Group, Inc		107,336
	19,570	*,e	Triple-S Management Corp (Class B)		344,823
	727,428		UnitedHealth Group, Inc		198,187,758
	58,722		Universal Health Services, Inc (Class B)		8,051,373
	11,772		US Physical Therapy, Inc		1,378,972
	1,407		Utah Medical Products, Inc		129,542
	10,113	*	Vapotherm, Inc		105,681
	21,473	*	Varex Imaging Corp		593,728
	68,814	*	Varian Medical Systems, Inc		9,673,184
	98,450	*	Veeva Systems, Inc		14,433,755
	37,597	*,e	ViewRay, Inc		117,303
	37,161	*,e	Vocera Communications, Inc		818,657
	55,210		West Pharmaceutical Services, Inc		8,610,000
	92,225	*	Wright Medical Group NV		2,779,661
	157,301		Zimmer Biomet Holdings, Inc		23,264,818
	69,827	e	Zynex Inc		671,037
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		1,512,969,867
HOUSEHOLD & PERSONAL PRODUCTS - 1.6%
	27,540	*	BellRing Brands, Inc		595,965
	5,838	*	Central Garden & Pet Co		188,042
	31,273	*	Central Garden and Pet Co (Class A)		936,939
	185,078		Church & Dwight Co, Inc		13,736,489
	94,941		Clorox Co		14,935,169
	649,768		Colgate-Palmolive Co		47,939,883
	220,412		Coty, Inc		2,261,427
	46,791	*	Edgewell Personal Care Co		1,208,144
	43,716	*	elf Beauty, Inc		685,467
	45,649		Energizer Holdings, Inc		2,111,723
	166,375		Estee Lauder Cos (Class A)		32,469,745

159

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	81,475	*	Herbalife Nutrition Ltd	$	3,165,304
	10,188		Inter Parfums, Inc		704,093
	260,257		Kimberly-Clark Corp		37,279,213
	7,034	e	Medifast, Inc		679,695
	3,667	*	Nature’s Sunshine Products, Inc		35,056
	36,581		Nu Skin Enterprises, Inc (Class A)		1,192,175
	2,427		Oil-Dri Corp of America		85,916
	1,904,844		Procter & Gamble Co		237,381,659
	19,510	*,e	Revlon, Inc (Class A)		416,929
	41,136		Spectrum Brands Holdings, Inc		2,526,162
	10,892	*	USANA Health Sciences, Inc		672,036
	9,615		WD-40 Co		1,796,274
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		403,003,505
INSURANCE - 4.0%
	563,552		Aflac, Inc		29,062,377
	10,446		Alleghany Corp		8,332,356
	248,710		Allstate Corp		29,482,083
	25,630	*	AMBAC Financial Group, Inc		549,251
	64,678		American Equity Investment Life Holding Co		1,708,146
	56,006		American Financial Group, Inc		6,092,893
	663,073		American International Group, Inc		33,326,049
	7,606		American National Insurance Co		837,877
	10,952		Amerisafe, Inc		749,336
	179,334		Aon plc		39,498,313
	291,430	*	Arch Capital Group Ltd		12,869,549
	27,532		Argo Group International Holdings Ltd		1,806,099
	137,462		Arthur J. Gallagher & Co		14,099,477
	42,728		Assurant, Inc		5,578,568
	71,409		Assured Guaranty Ltd		3,273,389
	123,147	*	Athene Holding Ltd		5,364,283
	66,089		Axis Capital Holdings Ltd		4,246,218
	1,507,924	*	Berkshire Hathaway, Inc (Class B)		338,423,383
	89,614	*	Brighthouse Financial, Inc		3,485,985
	177,069		Brown & Brown, Inc		7,950,398
	26,304	*	BRP Group, Inc		396,664
	348,198		Chubb Ltd		52,922,614
	113,103		Cincinnati Financial Corp		11,870,160
	30,580	*,e	Citizens, Inc (Class A)		185,315
	37,425		CNA Financial Corp		1,670,278
	95,976		Conseco, Inc		1,688,218
	3,298		Donegal Group, Inc (Class A)		46,007
	20,991	*	eHealth, Inc		2,207,414
	29,800		Employers Holdings, Inc		1,270,970
	9,798	*	Enstar Group Ltd		1,913,451
	18,500		Erie Indemnity Co (Class A)		3,080,250
	30,409		Everest Re Group Ltd		8,410,217
	6,784		FBL Financial Group, Inc (Class A)		364,844
	5,573		FedNat Holding Co		86,549
	199,719		Fidelity National Financial Inc		9,736,301
	85,975		First American Financial Corp		5,328,730
	422,628	*	Genworth Financial, Inc (Class A)		1,732,775
	4,548		Global Indemnity Ltd		143,398

160

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	83,846		Globe Life, Inc	$	8,741,784
	5,733	e	Goosehead Insurance, Inc		299,148
	25,461	*	Greenlight Capital Re Ltd (Class A)		237,042
	5,450	*	Hallmark Financial Services		93,740
	29,697		Hanover Insurance Group, Inc		4,115,410
	270,804		Hartford Financial Services Group, Inc		16,053,261
	4,292		HCI Group, Inc		190,007
	8,315	*,e	Health Insurance Innovations, Inc		191,079
	16,420		Heritage Insurance Holdings, Inc		198,025
	36,897		Horace Mann Educators Corp		1,586,940
	2,693		Independence Holding Co		109,040
	714		Investors Title Co		112,669
	27,470		James River Group Holdings Ltd		1,179,562
	45,989		Kemper Corp		3,422,501
	14,668		Kinsale Capital Group, Inc		1,675,379
	152,110		Lincoln National Corp		8,286,953
	196,929		Loews Corp		10,131,997
	10,445	*	Markel Corp		12,251,672
	392,444		Marsh & McLennan Cos, Inc		43,898,786
	109,955	*	MBIA, Inc		996,192
	25,085		Mercury General Corp		1,231,423
	598,825		Metlife, Inc		29,767,591
	62,747		National General Holdings Corp		1,366,002
	1,316		National Western Life Group, Inc		350,056
	5,460	*	NI Holdings, Inc		83,811
	214,809		Old Republic International Corp		4,843,943
	7,320	*	Palomar Holdings, Inc		391,254
	33,021		Primerica, Inc		3,914,970
	208,418		Principal Financial Group		11,035,733
	43,085		ProAssurance Corp		1,308,491
	444,557		Progressive Corp		35,871,304
	3,561		Protective Insurance Corp		55,516
	311,346		Prudential Financial, Inc		28,351,167
	47,669		Reinsurance Group of America, Inc (Class A)		6,866,719
	33,178		RenaissanceRe Holdings Ltd		6,285,240
	29,104		RLI Corp		2,706,963
	8,764		Safety Insurance Group, Inc		806,989
	42,986		Selective Insurance Group, Inc		2,847,822
	26,389		State Auto Financial Corp		794,573
	23,986		Stewart Information Services Corp		1,001,415
	62,056	*	Third Point Reinsurance Ltd		675,790
	13,470		Tiptree Inc		92,270
	196,976		Travelers Cos, Inc		25,925,981
	26,523	*,e	Trupanion, Inc		846,614
	12,504		United Fire Group Inc		553,427
	11,214		United Insurance Holdings Corp		113,710
	40,068		Universal Insurance Holdings, Inc		975,255
	157,956		Unum Group		4,215,846
	105,117		W.R. Berkley Corp		7,729,253
	14,534	*	Watford Holdings Ltd		317,568
	2,757		White Mountains Insurance Group Ltd		3,080,176
	98,090		Willis Towers Watson plc		20,725,436
			TOTAL INSURANCE		968,693,680

161

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
MATERIALS - 2.7%
	13,762	e	Advanced Emissions Solutions, Inc	$	156,749
	30,986	*	AdvanSix, Inc		580,058
	168,527		Air Products & Chemicals, Inc		40,229,080
	462,601	*	AK Steel Holding Corp		1,276,779
	81,242	e	Albemarle Corp		6,522,108
	134,964	*	Alcoa Corp		1,882,748
	77,659	*	Allegheny Technologies, Inc		1,339,618
	16,190		American Vanguard Corp		302,429
	86,144	*,e	Amyris, Inc		220,529
	50,729		Aptargroup, Inc		5,859,707
	30,155		Ardagh Group S.A.		575,357
	43,525		Ashland Global Holdings, Inc		3,219,979
	63,352		Avery Dennison Corp		8,314,316
	149,698	*	Axalta Coating Systems Ltd		4,312,799
	21,618		Balchem Corp		2,335,176
	242,930		Ball Corp		17,534,687
	99,377	*	Berry Global Group, Inc		4,225,510
	21,980		Boise Cascade Co		795,676
	46,783		Cabot Corp		1,864,303
	36,129		Carpenter Technology Corp		1,435,766
	91,245		Celanese Corp (Series A)		9,443,857
	36,542	*	Century Aluminum Co		193,307
	164,742		CF Industries Holdings, Inc		6,635,808
	4,273		Chase Corp		392,988
	138,175		Chemours Co		1,916,487
	8,677	*	Clearwater Paper Corp		244,691
	191,026	e	Cleveland-Cliffs, Inc		1,341,003
	167,855	*	Coeur Mining, Inc		1,012,166
	72,127		Commercial Metals Co		1,482,210
	31,429		Compass Minerals International, Inc		1,819,425
	572,707		Corteva, Inc		16,562,686
	97,954	*	Crown Holdings, Inc		7,251,535
	49,660		Domtar Corp		1,729,161
	572,947		Dow, Inc		26,395,668
	561,522		DuPont de Nemours, Inc		28,738,696
	32,598		Eagle Materials, Inc		2,971,960
	96,571		Eastman Chemical Co		6,882,615
	193,479		Ecolab, Inc		37,943,167
	191,101	*	Element Solutions, Inc		2,235,882
	72,672	*	Ferro Corp		994,153
	48,283	*,†	Ferroglobe plc		0
	36,699	*	Flotek Industries, Inc		62,388
	99,877		FMC Corp		9,547,242
	13,988	*	Forterra, Inc		181,145
	1,111,071		Freeport-McMoRan, Inc (Class B)		12,332,888
	15,859		FutureFuel Corp		173,815
	64,820	*	GCP Applied Technologies, Inc		1,440,300
	32,953	*	Gold Resource Corp		181,242
	219,493		Graphic Packaging Holding Co		3,430,676
	14,789		Greif, Inc (Class A)		597,771
	3,341		Greif, Inc (Class B)		158,363
	31,156		H.B. Fuller Co		1,439,719

162

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,224		Hawkins, Inc	$	218,259
	6,888		Haynes International, Inc		184,667
	371,275		Hecla Mining Co		1,124,963
	164,616		Huntsman Corp		3,384,505
	30,404	*	Ingevity Corp		1,982,949
	10,724		Innophos Holdings, Inc		342,739
	20,582		Innospec, Inc		2,073,225
	79,933	e	International Flavors & Fragrances, Inc		10,480,016
	299,270		International Paper Co		12,186,274
	58,154	*	Intrepid Potash, Inc		138,407
	14,606		Kaiser Aluminum Corp		1,462,791
	11,753	*	Koppers Holdings, Inc		368,809
	17,111	*	Kraton Corp		281,476
	17,013	e	Kronos Worldwide, Inc		184,421
	413,900		Linde plc		84,075,507
	120,495	*	Livent Corp		1,133,858
	107,639		Louisiana-Pacific Corp		3,302,365
	28,845	*	LSB Industries, Inc		87,112
	206,288		LyondellBasell Industries NV		16,061,584
	46,750		Martin Marietta Materials, Inc		12,332,650
	20,875		Materion Corp		1,133,513
	30,127		Minerals Technologies, Inc		1,630,775
	265,522		Mosaic Co		5,267,956
	23,197		Myers Industries, Inc		375,327
	14,710		Neenah Inc		980,274
	5,902		NewMarket Corp		2,594,637
	626,368		Newmont Goldcorp Corp		28,224,142
	164,712	*	Novagold Resources Inc		1,502,173
	227,263		Nucor Corp		10,792,720
	110,834		Olin Corp		1,648,102
	5,433		Olympic Steel, Inc		79,865
	66,057	*	Omnova Solutions, Inc		667,836
	42,311		Orion Engineered Carbons SA		664,283
	70,391		Packaging Corp of America		6,739,938
	23,735		PH Glatfelter Co		396,375
	63,916		PolyOne Corp		2,120,733
	179,723		PPG Industries, Inc		21,538,004
	32,467	*	PQ Group Holdings, Inc		497,070
	9,480		Quaker Chemical Corp		1,573,870
	6,364	*,e	Ramaco Resources, Inc		19,537
	47,440		Rayonier Advanced Materials, Inc		146,115
	49,428		Reliance Steel & Aluminum Co		5,674,334
	49,758		Royal Gold, Inc		5,738,093
	95,431		RPM International, Inc		6,810,910
	10,810	*	Ryerson Holding Corp		110,803
	14,837		Schnitzer Steel Industries, Inc (Class A)		238,579
	21,442		Schweitzer-Mauduit International, Inc		751,113
	31,630		Scotts Miracle-Gro Co (Class A)		3,882,266
	119,631		Sealed Air Corp		4,246,901
	33,065		Sensient Technologies Corp		1,975,634
	63,186		Sherwin-Williams Co		35,193,970
	68,771		Silgan Holdings, Inc		2,122,273
	78,030		Sonoco Products Co		4,458,634
	74,147		Southern Copper Corp		2,793,859

163

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	138,708		Steel Dynamics, Inc	$	4,144,595
	18,001		Stepan Co		1,775,799
	104,994	*	Summit Materials, Inc		2,306,718
	35,638		SunCoke Energy, Inc		209,551
	27,146	*	TimkenSteel Corp		173,191
	8,363	*	Trecora Resources		56,618
	14,895		Tredegar Corp		303,113
	27,387		Trinseo S.A.		786,555
	69,045		Tronox Holdings plc		584,121
	2,989	*	UFP Technologies, Inc		139,377
	765		United States Lime & Minerals, Inc		68,659
	160,719	e	United States Steel Corp		1,457,721
	10,690	*	US Concrete, Inc		380,457
	19,740		Valhi, Inc		32,768
	155,346		Valvoline, Inc		3,274,694
	27,564	*	Verso Corp		464,453
	97,917		Vulcan Materials Co		13,867,985
	53,086		Warrior Met Coal, Inc		1,001,202
	28,248		Westlake Chemical Corp		1,728,778
	190,892		WestRock Co		7,444,788
	42,569	*	Worthington Industries, Inc		1,565,688
	47,608		WR Grace and Co		3,206,875
			TOTAL MATERIALS		647,687,285
MEDIA & ENTERTAINMENT - 7.6%
	579,404		Activision Blizzard, Inc		33,883,546
	230,077	*	Alphabet, Inc (Class A)		329,649,724
	230,430	*	Alphabet, Inc (Class C)		330,489,619
	235,207		Altice USA, Inc		6,435,264
	32,802	e	AMC Entertainment Holdings, Inc		213,869
	31,079	*	AMC Networks, Inc		1,137,181
	19,069	*	Baudax Bio, Inc		159,608
	3,243		Cable One, Inc		5,526,169
	9,685	*	Cardlytics, Inc		812,765
	8,556	*	Care.com, Inc		128,083
	65,331	*	Cargurus, Inc		2,329,050
	40,872	*	Cars.com, Inc		476,976
	67,081	*	Central European Media Enterprises Ltd (Class A)		299,852
	119,845	*	Charter Communications, Inc		62,014,994
	73,668		Cinemark Holdings, Inc		2,321,279
	131,018	*	Clear Channel		357,679
	3,455,033		Comcast Corp (Class A)		149,222,875
	35,099	*	comScore, Inc		138,641
	430	*,e	Daily Journal Corp		118,250
	164,183	*	DHI Group, Inc		459,712
	117,217	*,e	Discovery, Inc (Class A)		3,429,769
	258,658	*	Discovery, Inc (Class C)		7,182,933
	194,703	*	DISH Network Corp (Class A)		7,157,282
	221,652	*	Electronic Arts, Inc		23,920,684
	10,428		Emerald Expositions Events, Inc		108,764
	147,439		Entercom Communications Corp (Class A)		585,333
	39,200		Entravision Communications Corp (Class A)		87,024
	102,264	*,e	Eros International plc		246,456

164

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	25,967	*	Eventbrite Inc	$	549,202
	6,876	*	EverQuote Inc		252,280
	33,061		EW Scripps Co (Class A)		401,361
	1,835,441	*	Facebook, Inc		370,593,892
	12,801	*	Fluent, Inc		34,691
	259,419		Fox Corp (Class A)		9,619,257
	117,413		Fox Corp (Class B)		4,265,614
	122,765		Gannett Co, Inc		750,094
	75,502	*	GCI Liberty, Inc		5,525,236
	118,416	*	Glu Mobile, Inc		698,654
	67,769	*	Gray Television, Inc		1,374,355
	8,609	*	Hemisphere Media Group, Inc		115,705
	56,576	*	IAC/InterActiveCorp		13,781,348
	58,238	*	Imax Corp		963,257
	285,255		Interpublic Group of Cos, Inc		6,475,289
	37,914		John Wiley & Sons, Inc (Class A)		1,653,809
	6,199	*	Liberty Braves Group (Class A)		181,321
	31,743	*	Liberty Braves Group (Class C)		925,308
	20,617	*	Liberty Broadband Corp (Class A)		2,712,991
	78,344	*	Liberty Broadband Corp (Class C)		10,414,268
	26,301	*	Liberty Latin America Ltd (Class A)		438,701
	75,318	*	Liberty Latin America Ltd (Class C)		1,269,108
	14,697	*,e	Liberty Media Group (Class A)		654,751
	142,448	*	Liberty Media Group (Class C)		6,665,142
	69,739	*	Liberty SiriusXM Group (Class A)		3,387,223
	123,283	*	Liberty SiriusXM Group (Class C)		6,043,333
	39,543	*	Liberty TripAdvisor Holdings, Inc		232,908
	29,548	e	Lions Gate Entertainment Corp (Class A)		293,412
	104,280		Lions Gate Entertainment Corp (Class B)		972,932
	98,001	*	Live Nation, Inc		6,679,748
	16,831	*,e	LiveXLive Media, Inc		23,563
	24,725	*	Loral Space & Communications, Inc		795,403
	13,618	*	Madison Square Garden Co		4,033,515
	25,417		Marcus Corp		740,906
	41,021	e	Match Group, Inc		3,208,663
	31,081	*	MDC Partners, Inc		70,554
	35,850	*	Meet Group, Inc		191,081
	26,238	e	Meredith Corp		788,452
	37,843	*,e	MSG Networks, Inc		575,592
	42,675		National CineMedia, Inc		314,942
	325,873	*	NetFlix, Inc		112,455,513
	115,742		New York Times Co (Class A)		3,704,901
	272,145		News Corp (Class A)		3,706,615
	116,896		News Corp (Class B)		1,633,037
	32,263		Nexstar Media Group Inc		3,908,662
	127,602		O-I Glass, Inc		1,610,337
	163,456		Omnicom Group, Inc		12,309,871
	51,008	*,e	QuinStreet, Inc		660,809
	6,859	*	Reading International, Inc		69,962
	64,912	*	Roku, Inc		7,851,106
	12,372	*	Rosetta Stone, Inc		212,180
	1,398		Saga Communications, Inc		42,387
	15,698		Scholastic Corp		517,249
	44,983		Sinclair Broadcast Group, Inc (Class A)		1,345,891

165

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	1,117,866	e	Sirius XM Holdings, Inc	$	7,903,313
	89,169	*	Spotify Technology S.A.		12,599,580
	84,074	*	Take-Two Interactive Software, Inc		10,478,983
	17,311	*	TechTarget, Inc		439,526
	161,572		TEGNA, Inc		2,730,567
	12,348		Tribune Publishing Co		155,091
	74,790		TripAdvisor, Inc		2,043,263
	87,124	*,e	TrueCar, Inc		322,359
	583,365	*	Twitter, Inc		18,947,695
	5,193		ViacomCBS, Inc (Class A)		197,230
	410,016		ViacomCBS, Inc (Class B)		13,993,846
	1,340,418		Walt Disney Co		185,393,214
	19,514	*	WideOpenWest, Inc		131,720
	34,948	e	World Wrestling Entertainment, Inc (Class A)		1,708,258
	57,350	*	Yelp, Inc		1,869,610
	48,258	*	Zillow Group, Inc (Class A)		2,229,520
	95,319	*,e	Zillow Group, Inc (Class C)		4,404,691
	670,029	*	Zynga, Inc		4,033,575
			TOTAL MEDIA & ENTERTAINMENT		1,857,171,803
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.5%
	4,229	*	89bio, Inc		112,999
	1,135,947		AbbVie, Inc		92,034,426
	53,224	*	Abeona Therapeutics, Inc		115,496
	81,984	*	Acadia Pharmaceuticals, Inc		3,274,441
	15,310	*,e	Accelerate Diagnostics, Inc		257,208
	32,735	*	Acceleron Pharma, Inc		2,971,683
	227,571	*,e	AcelRx Pharmaceuticals, Inc		386,871
	24,842	*	Acorda Therapeutics, Inc		50,429
	29,270	*,e	Adamas Pharmaceuticals, Inc		150,448
	9,134	*	Adaptive Biotechnologies Corp		273,152
	144,913	*,e	ADMA Biologics, Inc		573,855
	43,030	*	Adverum Biotechnologies, Inc		424,706
	46,253	*,e	Aerie Pharmaceuticals, Inc		947,261
	55,053	*	Affimed NV		144,239
	131,334	*,e	Agenus, Inc		491,189
	5,663	*,e	AgeX Therapeutics, Inc		7,758
	237,064		Agilent Technologies, Inc		19,572,004
	45,032	*	Agios Pharmaceuticals, Inc		2,194,409
	45,447	*,e	Aimmune Therapeutics, Inc		1,411,129
	8,200	*,e	Akcea Therapeutics, Inc		141,614
	87,967	*	Akebia Therapeutics, Inc		635,122
	56,071	*	Akorn, Inc		85,789
	5,626	*	Albireo Pharma, Inc		127,710
	71,596	*,†	Alder Biopharmaceuticals Inc		63,004
	20,382	*,e	Alector, Inc		569,473
	162,432	*	Alexion Pharmaceuticals, Inc		16,144,116
	112,466	*	Alkermes plc		1,958,033
	19,451	*,e	Allakos, Inc		1,404,362
	251,328		Allergan plc		46,907,858
	36,291	*,e	Allogene Therapeutics, Inc		788,241
	78,961	*	Alnylam Pharmaceuticals, Inc		9,063,933
	22,367	*,e	AMAG Pharmaceuticals, Inc		198,172

166

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	460,590		Amgen, Inc	$	99,510,469
	180,813	*	Amicus Therapeutics, Inc		1,598,387
	89,253	*	Amneal Pharmaceuticals, Inc		400,746
	20,326	*	Amphastar Pharmaceuticals, Inc		384,365
	19,342	*	AnaptysBio, Inc		280,846
	4,747	*	ANI Pharmaceuticals, Inc		294,314
	8,514	*	Anika Therapeutics, Inc		350,011
	43,480	*	Apellis Pharmaceuticals, Inc		1,787,463
	3,249	*	Applied Therapeutics, Inc		170,475
	2,330	*	Aprea Therapeutics, Inc		89,332
	20,369	*	Arcus Biosciences, Inc		178,840
	20,670	*	Ardelyx, Inc		146,344
	34,420	*	Arena Pharmaceuticals, Inc		1,572,650
	72,160	*	Arrowhead Pharmaceuticals Inc		3,024,226
	16,045	*	Arvinas, Inc		777,541
	17,230	*	Assembly Biosciences, Inc		302,559
	36,183	*	Assertio Therapeutics, Inc		38,716
	28,032	*	Atara Biotherapeutics, Inc		370,863
	78,802	*,e	Athenex, Inc		1,055,159
	56,949	*,e	Athersys, Inc		77,451
	5,791	*	Atreca, Inc		106,439
	229,852	*	Avantor, Inc		4,245,366
	42,118	*	Avid Bioservices, Inc		278,400
	34,728	*	Avrobio, Inc		754,639
	18,840	*,e	Axsome Therapeutics, Inc		1,635,689
	110,873	*	BioCryst Pharmaceuticals, Inc		315,988
	58,068	*	BioDelivery Sciences International, Inc		304,857
	137,881	*	Biogen, Inc		37,069,307
	29,114	*	Biohaven Pharmaceutical Holding Co Ltd		1,411,738
	132,875	*	BioMarin Pharmaceutical, Inc		11,095,063
	15,293	*	Bio-Rad Laboratories, Inc (Class A)		5,519,550
	3,096	*	Biospecifics Technologies Corp		182,912
	27,927		Bio-Techne Corp		5,863,832
	38,726	*	Bluebird Bio, Inc		3,086,075
	38,467	*	Blueprint Medicines Corp		2,440,731
	13,810	*	Bridgebio Pharma, Inc		476,307
	1,792,849		Bristol-Myers Squibb Co		112,859,845
	76,798		Bruker BioSciences Corp		3,799,197
	6,194	*	Cabaletta Bio, Inc		101,767
	35,684	*	Calithera Biosciences, Inc		214,104
	4,536	*,e	Calyxt, Inc		25,266
	48,745	*,e	Cara Therapeutics, Inc		784,795
	40,282	*	CareDx, Inc		973,213
	31,091	*,e	CASI Pharmaceuticals, Inc		88,609
	103,412	*	Catalent, Inc		6,318,473
	75,099	*	Catalyst Pharmaceuticals, Inc		308,657
	77,969	*,e	CEL-SCI Corp		1,016,716
	35,205	*	Charles River Laboratories International, Inc		5,441,989
	25,715	*	ChemoCentryx, Inc		1,090,830
	21,278	*	Chimerix, Inc		35,109
	78,349	*,e	Clovis Oncology, Inc		649,513
	39,583	*	Codexis, Inc		620,661
	60,228	*	Coherus Biosciences, Inc		1,086,513
	24,260	*	Collegium Pharmaceutical, Inc		487,990

167

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	11,969	*	Concert Pharmaceuticals, Inc	$	127,829
	11,573	*	Constellation Pharmaceuticals, Inc		382,372
	53,026	*,e	Corbus Pharmaceuticals Holdings, Inc		343,078
	119,755	*	Corcept Therapeutics, Inc		1,517,296
	11,427	*,†,e	Corium International, Inc		2,057
	101,076	*,e	CorMedix Inc		641,833
	8,130	*	Cortexyme Inc		382,029
	14,944	*	Cue Biopharma, Inc		226,700
	36,556	*	Cymabay Therapeutics, Inc		56,296
	68,490	*	Cytokinetics, Inc		842,427
	28,418	*	CytomX Therapeutics, Inc		210,862
	24,013	*	Deciphera Pharmaceuticals, Inc		1,503,934
	27,144	*,e	Denali Therapeutics, Inc		628,655
	69,141	*	Dermira, Inc		1,310,222
	35,578	*	Dicerna Pharmaceuticals, Inc		702,488
	42,801	*,e	Dynavax Technologies Corp		216,145
	11,242	*	Eagle Pharmaceuticals, Inc		605,044
	54,831	*,e	Editas Medicine, Inc		1,449,183
	16,020	*,e	Eidos Therapeutics, Inc		853,546
	18,921	*	Eiger BioPharmaceuticals, Inc		233,864
	268,870	*	Elanco Animal Health, Inc		8,308,083
	649,918		Eli Lilly & Co		90,754,550
	13,367	*,e	Eloxx Pharmaceuticals, Inc		51,196
	39,051	*	Emergent Biosolutions, Inc		2,151,320
	13,523	*	Enanta Pharmaceuticals, Inc		696,975
	171,509	*	Endo International plc		972,456
	75,024	*	Epizyme, Inc		1,570,252
	24,015	*,e	Esperion Thereapeutics, Inc		1,298,731
	21,747	*,e	Evolus, Inc		222,472
	107,199	*	Exact Sciences Corp		9,999,523
	223,840	*	Exelixis, Inc		3,850,048
	55,910	*	Fate Therapeutics, Inc		1,417,878
	56,867	*	FibroGen, Inc		2,379,884
	15,829	*	Five Prime Therapeutics, Inc		74,713
	39,018	*,e	Flexion Therapeutics, Inc		683,595
	19,596	*	Fluidigm Corp		75,249
	16,088	*	Forty Seven, Inc		593,165
	32,278	*	G1 Therapeutics, Inc		624,902
	99,875	*,e	Geron Corp		130,836
	980,434		Gilead Sciences, Inc		61,963,429
	43,400	*	Global Blood Therapeutics, Inc		2,832,284
	20,830	*	GlycoMimetics, Inc		89,152
	52,640	*	Gossamer Bio, Inc		699,059
	52,701	*,e	Gritstone Oncology, Inc		466,931
	92,230	*	Halozyme Therapeutics, Inc		1,750,525
	58,607	*	Heron Therapeutics, Inc		1,222,542
	15,635	*	Homology Medicines, Inc		244,688
	142,482	*	Horizon Therapeutics Plc		4,914,204
	3,773	*	IGM Biosciences, Inc		128,244
	112,086	*	Illumina, Inc		32,512,786
	143,627	*	Immunogen, Inc		678,638
	154,061	*	Immunomedics, Inc		2,860,913
	135,255	*	Incyte Corp		9,883,083

168

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	84,899	*	Innoviva, Inc	$	1,172,031
	45,252	*	Inovio Pharmaceuticals, Inc		204,992
	65,711	*	Insmed, Inc		1,349,704
	35,962	*,e	Intellia Therapeutics, Inc		428,307
	21,628	*	Intercept Pharmaceuticals, Inc		1,998,643
	14,781	*	Intersect ENT, Inc		381,941
	29,602	*	Intra-Cellular Therapies, Inc		671,669
	69,391	*,e	Invitae Corp		1,294,142
	96,045	*	Ionis Pharmaceuticals, Inc		5,601,344
	100,089	*	Iovance Biotherapeutics, Inc		2,175,935
	133,504	*	IQVIA Holdings, Inc		20,726,496
	108,922	*	Ironwood Pharmaceuticals, Inc		1,315,778
	40,491	*	Jazz Pharmaceuticals plc		5,804,385
	2,042,882		Johnson & Johnson		304,123,843
	8,024	*	Jounce Therapeutics, Inc		50,471
	101,652	*	Kadmon Holdings, Inc		466,583
	10,732	*,e	Kala Pharmaceuticals, Inc		63,963
	9,448	*	KalVista Pharmaceuticals Inc		144,554
	3,412	*,e	Karuna Therapeutics, Inc		323,833
	46,823	*	Karyopharm Therapeutics, Inc		756,191
	11,670	*	Kindred Biosciences, Inc		101,879
	10,488	*	Kiniksa Pharmaceuticals Ltd		154,279
	18,733	*	Kodiak Sciences, Inc		1,144,024
	6,230	*	Krystal Biotech Inc		325,580
	25,692	*	Kura Oncology, Inc		301,624
	9,941	*,e	La Jolla Pharmaceutical Co		68,096
	54,719	*,e	Lannett Co, Inc		445,413
	23,392	*,e	Lexicon Pharmaceuticals, Inc		72,281
	12,831	*	Ligand Pharmaceuticals, Inc (Class B)		1,126,690
	56,636	*,e	Lineage Cell Therapeutics, Inc		58,335
	24,097		Luminex Corp		546,640
	56,764	*	MacroGenics, Inc		525,067
	8,652	*	Madrigal Pharmaceuticals, Inc		718,289
	7,219	*	Magenta Therapeutics, Inc		85,762
	203,783	*,e	Mallinckrodt plc		935,364
	297,094	*,e	MannKind Corp		436,728
	22,791	*	Marinus Pharmaceuticals, Inc		46,266
	14,055	*,e	MediciNova, Inc		81,378
	22,437	*	Medpace Holdings, Inc		1,919,485
	11,119	*	MeiraGTx Holdings plc		201,365
	4,587	*	Menlo Therapeutics, Inc		21,100
	1,953,656		Merck & Co, Inc		166,920,369
	14,422	*	Mersana Therapeutics, Inc		97,349
	18,166	*	Mettler-Toledo International, Inc		13,754,932
	17,960	*	Minerva Neurosciences, Inc		146,015
	19,651	*	Mirati Therapeutics, Inc		1,706,296
	155,691	*,e	Moderna, Inc		3,193,222
	8,876	*	Molecular Templates, Inc		132,607
	75,066	*	Momenta Pharmaceuticals, Inc		2,178,415
	385,651	*	Mylan NV		8,260,644
	40,288	*	MyoKardia, Inc		2,740,793
	50,516	*	Myriad Genetics, Inc		1,396,767
	37,762	*	NanoString Technologies, Inc		1,025,994
	47,142	*	Natera, Inc		1,650,441

169

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	124,326	*,e	Nektar Therapeutics	$	2,472,844
	66,492	*	NeoGenomics, Inc		2,143,037
	68,773	*	Neurocrine Biosciences, Inc		6,882,802
	9,476	*	NextCure Inc		405,099
	16,736	*,e	NGM Biopharmaceuticals Inc		270,621
	13,448	*,e	Novavax, Inc		102,474
	14,594	*,e	Ocular Therapeutix, Inc		63,630
	8,176	*	Odonate Therapeutics, Inc		238,739
	53,171	*,e	Omeros Corp		678,462
	344,433	*,e	Opko Health, Inc		499,428
	18,657	*,e	Optinose, Inc		146,084
	128,534	*	Pacific Biosciences of California, Inc		600,254
	33,924	*	Pacira BioSciences Inc		1,466,195
	12,933	*,e	Paratek Pharmaceuticals, Inc		43,455
	102,482	*	PDL BioPharma, Inc		337,166
	82,729	*	PerkinElmer, Inc		7,650,778
	93,702		Perrigo Co plc		5,344,762
	30,407	*	Pfenex, Inc		325,963
	4,272,973		Pfizer, Inc		159,125,515
	8,056	*	Phathom Pharmaceuticals, Inc		268,829
	11,429		Phibro Animal Health Corp		271,096
	18,324	*	Pieris Pharmaceuticals, Inc		67,799
	5,383	*,e	PolarityTE, Inc		16,687
	69,524	*,e	Portola Pharmaceuticals, Inc		889,212
	46,330	*	PRA Health Sciences, Inc		4,693,692
	25,740	*	Precision BioSciences Inc		208,237
	50,206	*	Prestige Consumer Healthcare, Inc.		2,036,355
	6,326	*	Prevail Therapeutics, Inc		119,561
	11,385	*	Principia Biopharma, Inc		599,420
	43,814	*	Progenics Pharmaceuticals, Inc		195,410
	47,642	*	Protagonist Therapeutics, Inc		359,697
	25,653	*	Prothena Corp plc		312,197
	51,050	*	PTC Therapeutics, Inc		2,629,075
	18,291	*	Puma Biotechnology, Inc		143,767
	162,577	*	QIAGEN NV		5,491,851
	6,779	*	Quanterix Corp		183,779
	25,522	*	Ra Pharmaceuticals, Inc		1,196,216
	40,171	*	Radius Health, Inc		705,403
	18,102	*	Reata Pharmaceuticals, Inc		3,960,537
	47,673	*	Recro Pharma, Inc		786,128
	62,104	*	Regeneron Pharmaceuticals, Inc		20,987,426
	31,576	*	REGENXBIO, Inc		1,374,503
	40,752	*	Repligen Corp		4,091,093
	9,749	*	Replimune Group, Inc		155,009
	21,376	*	Retrophin, Inc		330,473
	23,696	*	Revance Therapeutics, Inc		530,080
	19,083	*	Rhythm Pharmaceuticals, Inc		334,716
	86,156	*,e	Rigel Pharmaceuticals, Inc		194,713
	17,547	*,e	Rocket Pharmaceuticals, Inc		359,363
	83,924	*,e	Rubius Therapeutics, Inc		654,607
	36,310	*	Sage Therapeutics, Inc		2,406,627
	127,347	*	Sangamo Therapeutics Inc		933,454
	56,139	*	Sarepta Therapeutics, Inc		6,509,878

170

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	86,827	*	Seattle Genetics, Inc	$	9,411,179
	13,358	*	Seres Therapeutics, Inc		43,547
	31,728	*	SIGA Technologies, Inc		163,399
	5,595	*,e	Solid Biosciences, Inc		18,743
	93,662	*,e	Sorrento Therapeutics, Inc		358,725
	115,826	*	Spectrum Pharmaceuticals, Inc		293,040
	3,811	*	SpringWorks Therapeutics, Inc		119,970
	14,585	*	Stemline Therapeutics, Inc		96,699
	7,297	*	Stoke Therapeutics, Inc		204,024
	30,987	*	Supernus Pharmaceuticals, Inc		708,673
	6,892	*	Syndax Pharmaceuticals, Inc		64,647
	47,112	*	Syneos Health, Inc		2,890,792
	25,941	*	Syros Pharmaceuticals, Inc		183,143
	7,220	*	TCR2 Therapeutics Inc		105,990
	64,512	*,e	TG Therapeutics, Inc		916,716
	222,623	*,e	TherapeuticsMD, Inc		500,902
	47,696	*	Theravance Biopharma, Inc		1,329,764
	307,013		Thermo Fisher Scientific, Inc		96,153,401
	20,924	*	Translate Bio, Inc		150,025
	24,278	*	Tricida, Inc		856,042
	19,895	*	Turning Point Therapeutics Inc		1,163,858
	15,124	*	Twist Bioscience Corp		375,680
	37,779	*	Ultragenyx Pharmaceutical, Inc		1,985,286
	31,667	*	United Therapeutics Corp		3,092,916
	11,976	*,e	UNITY Biotechnology, Inc		70,658
	13,354	*,e	UroGen Pharma Ltd		392,741
	43,287	*	Vanda Pharmaceuticals, Inc		551,909
	76,900	*,e	VBI Vaccines, Inc		105,353
	35,705	*	Veracyte, Inc		937,256
	54,342	*	Vericel Corp		891,209
	195,765	*	Vertex Pharmaceuticals, Inc		44,448,443
	58,489	*,e	Viking Therapeutics, Inc		367,311
	7,596	*,e	Vir Biotechnology, Inc		202,281
	18,311	*	Voyager Therapeutics, Inc		201,970
	49,253	*	Waters Corp		11,022,329
	11,082	*,e	WaVe Life Sciences Ltd		78,682
	14,286	*	XBiotech, Inc		320,149
	32,052	*,e	Xencor, Inc		1,087,845
	50,940	*,e	Xeris Pharmaceuticals, Inc		324,488
	14,546	*	Y-mAbs Therapeutics, Inc		479,873
	109,983	*,e	ZIOPHARM Oncology, Inc		433,333
	363,631		Zoetis, Inc		48,802,917
	36,547	*	Zogenix, Inc		1,840,872
	44,624	*,e	Zynerba Pharmaceuticals, Inc		224,905
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		1,833,260,370
REAL ESTATE - 4.0%
	69,241		Acadia Realty Trust		1,718,562
	34,962		Agree Realty Corp		2,654,665
	58,662		Alexander & Baldwin, Inc		1,282,351
	2,407		Alexander’s, Inc		776,691
	84,852		Alexandria Real Estate Equities, Inc		13,847,846
	6,851	*,e	Altisource Portfolio Solutions S.A.		127,429
	37,614		American Assets Trust, Inc		1,713,694

171

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	108,984		American Campus Communities, Inc	$	4,999,096
	76,012		American Finance Trust, Inc		985,876
	193,518		American Homes 4 Rent		5,288,847
	336,402		American Tower Corp		77,957,799
	136,907		Americold Realty Trust		4,719,184
	105,679		Apartment Investment & Management Co		5,570,340
	163,456		Apple Hospitality REIT, Inc		2,455,109
	26,867		Armada Hoffler Properties, Inc		492,741
	44,053		Ashford Hospitality Trust, Inc		108,370
	108,194		AvalonBay Communities, Inc		23,444,558
	45,166		Bluerock Residential Growth REIT, Inc		521,216
	117,995		Boston Properties, Inc		16,914,583
	14,516		BraeMar Hotels & Resorts, Inc		115,838
	98,959		Brandywine Realty Trust		1,545,740
	212,171		Brixmor Property Group, Inc		4,234,933
	79,501		Brookfield Property REIT, Inc		1,467,588
	16,427		Brt Realty Trust		283,037
	72,688		Camden Property Trust		8,172,312
	69,365		CareTrust REIT, Inc		1,538,516
	56,282		CatchMark Timber Trust, Inc		577,453
	122,504		CBL & Associates Properties, Inc		102,903
	259,829	*	CBRE Group, Inc		15,862,560
	53,871		Cedar Realty Trust, Inc		140,065
	26,156		Chatham Lodging Trust		427,651
	46,803		City Office REIT, Inc		632,777
	7,816		Clipper Realty, Inc		83,319
	425,482		Colony Capital, Inc		1,987,001
	94,085		Columbia Property Trust, Inc		1,985,193
	15,150		Community Healthcare Trust, Inc		714,625
	12,558		Consolidated-Tomoka Land Co		796,931
	91,344		CoreCivic, Inc		1,456,937
	7,274		CorEnergy Infrastructure Trust, Inc		331,694
	22,840		CorePoint Lodging, Inc		208,986
	26,493		Coresite Realty		3,111,603
	79,819		Corporate Office Properties Trust		2,376,212
	104,817		Cousins Properties, Inc		4,290,160
	316,755		Crown Castle International Corp		47,462,569
	141,160		CubeSmart		4,470,537
	92,091	*	Cushman & Wakefield plc		1,769,989
	82,464		CyrusOne, Inc		5,017,934
	113,305		DiamondRock Hospitality Co		1,095,659
	157,175		Digital Realty Trust, Inc		19,330,953
	239,945		Diversified Healthcare Trust		1,852,375
	115,334		Douglas Emmett, Inc		4,786,361
	278,371		Duke Realty Corp		10,107,651
	49,400		Easterly Government Properties, Inc		1,195,974
	27,466		EastGroup Properties, Inc		3,737,299
	104,720		Empire State Realty Trust, Inc		1,420,003
	60,428		EPR Properties		4,312,746
	65,000		Equinix, Inc		38,332,450
	121,108		Equity Commonwealth		3,971,131
	143,836		Equity Lifestyle Properties, Inc		10,464,069
	282,397		Equity Residential		23,461,543

172

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	58,648		Essential Properties Realty Trust, Inc	$	1,619,271
	49,489		Essex Property Trust, Inc		15,329,713
	11,002	*,e	eXp World Holdings Inc		121,462
	102,912		Extra Space Storage, Inc		11,390,300
	21,321		Farmland Partners, Inc		138,160
	58,222		Federal Realty Investment Trust		7,278,914
	101,415		First Industrial Realty Trust, Inc		4,330,420
	8,997	*	Forestar Group, Inc		182,369
	58,607		Four Corners Property Trust, Inc		1,775,206
	61,023		Franklin Street Properties Corp		463,775
	88,257		Front Yard Residential Corp		946,998
	3,673	*	FRP Holdings, Inc		173,880
	165,877		Gaming and Leisure Properties, Inc		7,838,518
	102,709		Geo Group, Inc		1,622,802
	39,263		Getty Realty Corp		1,237,570
	28,705		Gladstone Commercial Corp		611,991
	19,018		Global Medical REIT, Inc		277,663
	80,903		Global Net Lease, Inc		1,677,119
	56,257		Hannon Armstrong Sustainable Infrastructure Capital, Inc		1,917,801
	87,882		Healthcare Realty Trust, Inc		3,169,025
	143,849		Healthcare Trust of America, Inc		4,607,483
	365,842		Healthpeak Properties Inc		13,166,654
	56,274		Hersha Hospitality Trust		729,874
	70,987		Highwoods Properties, Inc		3,557,159
	534,793		Host Hotels and Resorts, Inc		8,738,518
	29,312	*	Howard Hughes Corp		3,566,684
	114,748		Hudson Pacific Properties		4,169,942
	49,316		Independence Realty Trust, Inc		723,466
	46,851		Industrial Logistics Properties Trust		1,072,419
	11,699		Innovative Industrial Properties, Inc		1,047,060
	10,916		Investors Real Estate Trust		804,509
	401,199		Invitation Homes, Inc		12,625,732
	205,253		Iron Mountain, Inc		6,488,047
	40,754		iStar Inc		593,378
	93,197		JBG SMITH Properties		3,779,138
	16,318		Jernigan Capital, Inc		326,197
	39,420		Jones Lang LaSalle, Inc		6,694,304
	96,450		Kennedy-Wilson Holdings, Inc		2,079,462
	77,756		Kilroy Realty Corp		6,420,313
	288,636		Kimco Realty Corp		5,498,516
	60,963		Kite Realty Group Trust		1,048,564
	65,265		Lamar Advertising Co		6,057,245
	184,776		Lexington Realty Trust		2,045,470
	114,230		Liberty Property Trust		7,156,509
	34,541		Life Storage, Inc		3,909,350
	35,739		LTC Properties, Inc		1,649,712
	91,730		Macerich Co		2,046,496
	77,091		Mack-Cali Realty Corp		1,692,918
	24,749	*	Marcus & Millichap, Inc		876,115
	7,087	*	Maui Land & Pineapple Co, Inc		74,059
	380,454		Medical Properties Trust, Inc		8,427,056
	85,795		Mid-America Apartment Communities, Inc		11,771,932
	80,044		Monmouth Real Estate Investment Corp (Class A)		1,171,044
	32,229		National Health Investors, Inc		2,719,483

173

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	130,750		National Retail Properties, Inc	$	7,322,000
	42,965		National Storage Affiliates Trust		1,467,255
	57,756		New Senior Investment Group, Inc		440,101
	162,017		Newmark Group, Inc		1,906,940
	14,802		NexPoint Residential Trust, Inc		722,338
	47,345		Office Properties Income Trust		1,611,150
	159,470		Omega Healthcare Investors, Inc		6,689,766
	32,197		One Liberty Properties, Inc		880,266
	111,264		Outfront Media, Inc		3,308,991
	117,210		Paramount Group, Inc		1,647,973
	169,571		Park Hotels & Resorts, Inc		3,720,388
	79,729		Pebblebrook Hotel Trust		1,891,172
	49,406		Pennsylvania REIT		194,660
	132,603		Physicians Realty Trust		2,565,868
	89,709		Piedmont Office Realty Trust, Inc		2,080,352
	50,818		PotlatchDeltic Corp		2,185,174
	30,956		Preferred Apartment Communities, Inc		364,662
	481,913		Prologis, Inc		44,760,079
	16,705		PS Business Parks, Inc		2,799,090
	117,209		Public Storage, Inc		26,226,686
	41,639		QTS Realty Trust, Inc		2,368,426
	10,225	*	Rafael Holdings, Inc		206,954
	97,923		Rayonier, Inc		2,974,901
	10,920		Re/Max Holdings, Inc		418,018
	82,223	e	Realogy Holdings Corp		870,742
	246,425		Realty Income Corp		19,322,184
	76,738	*,e	Redfin Corp		1,867,035
	124,082		Regency Centers Corp		7,698,047
	95,856		Retail Opportunities Investment Corp		1,588,334
	180,631		Retail Properties of America, Inc		2,194,667
	10,607		Retail Value, Inc		348,652
	82,925		Rexford Industrial Realty, Inc		3,996,156
	146,326		RLJ Lodging Trust		2,276,833
	18,921		RMR Group, Inc		871,690
	62,294		RPT Realty		869,001
	34,957		Ryman Hospitality Properties		2,972,394
	146,116		Sabra Healthcare REIT, Inc		3,141,494
	8,645		Safehold, Inc		388,679
	9,881		Saul Centers, Inc		487,924
	85,975		SBA Communications Corp		21,455,921
	33,749		Seritage Growth Properties		1,239,263
	135,178		Service Properties Trust		2,917,141
	235,473		Simon Property Group, Inc		31,353,230
	144,383		SITE Centers Corp		1,835,108
	56,895		SL Green Realty Corp		5,236,616
	73,120		Spirit Realty Capital, Inc		3,859,274
	29,309	*,e	St. Joe Co		615,782
	89,961		STAG Industrial, Inc		2,900,343
	160,009		STORE Capital Corp		6,280,353
	2,867	*	Stratus Properties, Inc		85,293
	95,676		Summit Hotel Properties, Inc		1,061,047
	69,245		Sun Communities, Inc		11,229,462
	161,576		Sunstone Hotel Investors, Inc		2,048,784

174

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	88,312		Tanger Factory Outlet Centers, Inc	$	1,292,005
	36,609		Taubman Centers, Inc		967,210
	24,042	*	Tejon Ranch Co		387,076
	49,569		Terreno Realty Corp		2,838,321
	219,126		UDR, Inc		10,498,327
	29,663		UMH Properties, Inc		468,675
	151,222		Uniti Group, Inc		957,235
	7,479		Universal Health Realty Income Trust		922,535
	84,805		Urban Edge Properties		1,559,564
	25,939		Urstadt Biddle Properties, Inc (Class A)		588,037
	282,259		Ventas, Inc		16,331,506
	805,160		VEREIT, Inc		7,858,362
	354,523		VICI Properties, Inc		9,501,216
	130,223		Vornado Realty Trust		8,564,767
	267,196		Washington Prime Group, Inc		804,260
	62,434		Washington REIT		1,900,491
	88,530		Weingarten Realty Investors		2,576,223
	307,995		Welltower, Inc		26,151,855
	569,666		Weyerhaeuser Co		16,491,831
	22,948		Whitestone REIT		300,619
	129,464		WP Carey, Inc		10,890,512
	83,110		Xenia Hotels & Resorts, Inc		1,553,326
			TOTAL REAL ESTATE		983,418,611
RETAILING - 5.8%
	15,888	*	1-800-FLOWERS.COM, Inc (Class A)		241,339
	54,562		Aaron’s, Inc		3,238,800
	48,761		Abercrombie & Fitch Co (Class A)		797,730
	48,847		Advance Auto Parts, Inc		6,435,592
	317,599	*	Amazon.com, Inc		637,967,463
	103,945		American Eagle Outfitters, Inc		1,496,808
	4,482	*	America’s Car-Mart, Inc		492,034
	10,925	*	Asbury Automotive Group, Inc		1,053,716
	25,965	*,e	At Home Group, Inc		146,962
	49,168	*	Autonation, Inc		2,086,690
	18,184	*	AutoZone, Inc		19,237,945
	22,973	*	Barnes & Noble Education, Inc		79,027
	86,549	e	Bed Bath & Beyond, Inc		1,233,323
	169,929		Best Buy Co, Inc		14,391,287
	25,783		Big Lots, Inc		697,688
	90,864	*	BJ’s Wholesale Club Holdings, Inc		1,864,529
	31,984	*	Booking Holdings, Inc		58,548,311
	32,807	*	Boot Barn Holdings, Inc		1,376,910
	20,435	e	Buckle, Inc		498,818
	49,640	*	Burlington Stores, Inc		10,795,211
	42,483		Caleres, Inc		745,577
	59,924	e	Camping World Holdings, Inc		933,017
	121,873	*	CarMax, Inc		11,826,556
	37,231	*	Carvana Co		2,950,557
	14,638		Cato Corp (Class A)		234,794
	90,009		Chico’s FAS, Inc		350,135
	10,893	e	Children’s Place, Inc		649,985
	9,236		Citi Trends, Inc		215,106
	14,808	*,e	Conn’s, Inc		129,718

175

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	9,713	*,e	Container Store Group, Inc	$	39,241
	30,828		Core-Mark Holding Co, Inc		722,608
	45,022		Designer Brands, Inc		641,113
	49,667		Dick’s Sporting Goods, Inc		2,196,771
	8,843	e	Dillard’s, Inc (Class A)		536,947
	198,902		Dollar General Corp		30,513,556
	178,563	*	Dollar Tree, Inc		15,547,480
	5,673	*,e	Duluth Holdings, Inc		47,937
	606,335		eBay, Inc		20,348,603
	88,942	*	Etsy, Inc		4,341,259
	105,099		Expedia Group Inc		11,397,987
	140,131	*	Express Parent LLC		561,925
	39,607	*	Five Below, Inc		4,484,305
	52,469	*	Floor & Decor Holdings, Inc		2,587,246
	81,537		Foot Locker, Inc		3,095,960
	16,526	*,e	Funko, Inc		248,386
	4,919	*,e	Gaia, Inc		41,615
	141,525	e	GameStop Corp (Class A)		543,456
	142,651		Gap, Inc		2,483,554
	16,380	*	Genesco, Inc		644,062
	107,816		Genuine Parts Co		10,088,343
	124,025	*,e	GNC Holdings, Inc		265,413
	12,522		Group 1 Automotive, Inc		1,261,842
	438,715	*	Groupon, Inc		1,263,499
	64,650	*	GrubHub, Inc		3,500,797
	34,631		Guess?, Inc		737,294
	9,919	e	Haverty Furniture Cos, Inc		199,669
	15,548	*	Hibbett Sports, Inc		385,279
	847,059		Home Depot, Inc		193,214,158
	21,193	*	Hudson Ltd		232,487
	688,825	*,e	JC Penney Co, Inc		513,175
	118,390		Kohl’s Corp		5,061,173
	193,192		L Brands, Inc		4,474,327
	8,312	*	Lands’ End, Inc		96,835
	6,857	*	Leaf Group Ltd		23,931
	10,204	*	Liquidity Services, Inc		54,285
	15,524		Lithia Motors, Inc (Class A)		2,105,675
	239,977	*	LKQ Corp		7,843,648
	592,116		Lowe’s Companies, Inc		68,827,564
	64,637	*,e	Lumber Liquidators, Inc		491,888
	245,855	e	Macy’s, Inc		3,921,387
	15,024	*	MarineMax, Inc		299,428
	67,268	*,e	Michaels Cos, Inc		331,631
	25,365		Monro Muffler, Inc		1,590,386
	19,492	*	Murphy USA, Inc		1,991,498
	58,729	*	National Vision Holdings, Inc		2,003,833
	77,380	e	Nordstrom, Inc		2,852,227
	645,748		Office Depot, Inc		1,433,561
	35,943	*	Ollie’s Bargain Outlet Holdings, Inc		1,906,417
	56,891	*	O’Reilly Automotive, Inc		23,103,435
	61,335	*	Overstock.com, Inc		498,040
	23,554		Penske Auto Group, Inc		1,106,331
	11,452	e	PetMed Express, Inc		288,705

176

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	30,130		Pool Corp	$	6,607,509
	52,342	*	Quotient Technology, Inc		527,084
	279,428	*	Qurate Retail Group, Inc QVC Group		2,383,521
	28,574	*,e	RealReal, Inc		413,466
	49,836		Rent-A-Center, Inc		1,451,723
	14,781	*,e	RH		3,085,534
	267,189		Ross Stores, Inc		29,975,934
	34,150	*	Rubicon Project, Inc		319,644
	83,286	*	Sally Beauty Holdings, Inc		1,278,440
	8,376	e	Shoe Carnival, Inc		300,363
	21,178		Shutterstock, Inc		917,643
	38,052		Signet Jewelers Ltd		925,044
	23,483	*	Sleep Number Corp		1,211,488
	15,333		Sonic Automotive, Inc (Class A)		484,983
	23,407	*	Sportsman’s Warehouse Holdings, Inc		151,677
	11,411	*	Stamps.com, Inc		850,005
	29,827	*,e	Stitch Fix Inc		683,038
	103,746	e	Tailored Brands, Inc		412,909
	381,721		Target Corp		42,271,784
	91,135		Tiffany & Co		12,213,913
	9,156		Tilly’s, Inc		77,826
	927,339		TJX Companies, Inc		54,750,095
	89,319		Tractor Supply Co		8,302,201
	42,245	*	Ulta Beauty, Inc		11,317,858
	50,531	*	Urban Outfitters, Inc		1,293,594
	47,914	*,e	Wayfair, Inc		4,489,542
	2,435		Weyco Group, Inc		55,153
	59,756	e	Williams-Sonoma, Inc		4,187,700
	2,291		Winmark Corp		455,840
	17,443	*	Zumiez, Inc		543,698
			TOTAL RETAILING		1,415,647,009
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.9%
	28,636	*	Acacia Communications, Inc		1,962,998
	61,424	*,e	Adesto Technologies Corp		436,110
	30,553	*	Advanced Energy Industries, Inc		2,136,877
	792,648	*	Advanced Micro Devices, Inc		37,254,456
	9,141	*	Alpha & Omega Semiconductor Ltd		111,429
	23,645	*	Ambarella, Inc		1,398,365
	59,444	*	Amkor Technology, Inc		668,745
	280,644		Analog Devices, Inc		30,800,679
	703,989		Applied Materials, Inc		40,824,322
	17,700	*	Axcelis Technologies, Inc		427,455
	23,342	*	AXT, Inc		91,034
	296,544		Broadcom, Inc		90,493,367
	56,349		Brooks Automation, Inc		2,145,770
	23,382		Cabot Microelectronics Corp		3,402,315
	12,815	*	Ceva, Inc		350,490
	44,405	*	Cirrus Logic, Inc		3,410,748
	22,179		Cohu, Inc		496,144
	81,281	*	Cree, Inc		3,778,754
	282,222		Cypress Semiconductor Corp		6,584,239
	38,957	*	Diodes, Inc		2,011,740
	25,320	*	DSP Group, Inc		366,127

177

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	87,541	*,e	Enphase Energy, Inc	$	2,759,292
	101,674		Entegris, Inc		5,262,646
	61,203	*	First Solar, Inc		3,034,445
	68,617	*	Formfactor, Inc		1,736,696
	16,831	*	Ichor Holdings Ltd		561,987
	10,555	*,e	Impinj, Inc		339,660
	39,278	*	Inphi Corp		2,983,557
	3,345,220		Intel Corp		213,859,914
	120,611		KLA Corp		19,990,067
	109,757		Lam Research Corp		32,730,635
	110,879	*	Lattice Semiconductor Corp		2,062,349
	45,361	*	MACOM Technology Solutions Holdings, Inc		1,289,160
	492,623		Marvell Technology Group Ltd		11,842,657
	205,412		Maxim Integrated Products, Inc		12,349,370
	66,980	*	MaxLinear, Inc		1,305,440
	175,371	e	Microchip Technology, Inc		17,095,165
	844,307	*	Micron Technology, Inc		44,824,259
	40,999		MKS Instruments, Inc		4,297,515
	30,284		Monolithic Power Systems, Inc		5,183,712
	48,450	*	Nanometrics, Inc		1,838,193
	21,044	*	NeoPhotonics Corp Ltd		160,566
	2,727		NVE Corp		200,053
	447,032		NVIDIA Corp		105,691,776
	310,217	*	ON Semiconductor Corp		7,181,524
	21,163	*	PDF Solutions, Inc		333,529
	38,535	*	Photronics, Inc		492,477
	24,260		Power Integrations, Inc		2,369,474
	94,024	*	Qorvo, Inc		9,953,381
	875,791		QUALCOMM, Inc		74,713,730
	61,082	*	Rambus, Inc		969,371
	54,601	*	Semtech Corp		2,631,222
	32,357	*	Silicon Laboratories, Inc		3,181,017
	128,586		Skyworks Solutions, Inc		14,549,506
	12,865	*	SMART Global Holdings, Inc		388,008
	38,260	*,e	SunPower Corp		325,975
	128,511		Teradyne, Inc		8,480,441
	720,929		Texas Instruments, Inc		86,980,084
	25,939	*	Ultra Clean Holdings		596,856
	32,109		Universal Display Corp		5,656,643
	26,815	*	Veeco Instruments, Inc		341,891
	190,907		Xilinx, Inc		16,127,823
	61,494		Xperi Corp		989,439
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		956,813,669
SOFTWARE & SERVICES - 13.1%
	41,968	*	2U, Inc		831,386
	76,541	*	8x8, Inc		1,425,193
	40,700	*	A10 Networks, Inc		277,167
	493,132		Accenture plc		101,195,618
	84,722	*	ACI Worldwide, Inc		2,918,673
	376,074	*	Adobe, Inc		132,054,624
	119,773	*	Akamai Technologies, Inc		11,180,810
	31,014	*	Alarm.com Holdings, Inc		1,362,445

178

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	30,887		Alliance Data Systems Corp	$	3,174,875
	28,629	*	Altair Engineering, Inc		1,057,842
	34,824	*,e	Alteryx, Inc		4,856,903
	103,837		Amdocs Ltd		7,471,072
	14,904	*	American Software, Inc (Class A)		222,517
	60,894	*	Anaplan, Inc		3,506,885
	63,621	*	Ansys, Inc		17,453,149
	15,829	*	Appfolio, Inc		2,080,564
	35,761	*,e	Appian Corp		1,825,241
	49,808	*	Aspen Technology, Inc		5,926,156
	88,200	*	Atlassian Corp plc		12,965,400
	167,451	*	Autodesk, Inc		32,962,729
	335,970		Automatic Data Processing, Inc		57,581,898
	32,914	*	Avalara, Inc		2,802,298
	118,041	*	Avaya Holdings Corp		1,507,384
	25,085	*	Benefitfocus, Inc		464,072
	108,985	*	Black Knight, Inc		7,293,276
	39,195		Blackbaud, Inc		3,070,144
	32,086	*	Blackline, Inc		1,962,701
	96,987		Booz Allen Hamilton Holding Co		7,568,865
	39,679	*	Bottomline Technologies, Inc		2,126,794
	116,757	*	Box, Inc		1,754,858
	13,536	*	Brightcove, Inc		117,222
	84,487		Broadridge Financial Solutions, Inc		10,066,626
	17,412	*	CACI International, Inc (Class A)		4,656,665
	210,096	*	Cadence Design Systems, Inc		15,150,023
	25,453	*	Cardtronics plc		1,145,385
	21,931		Cass Information Systems, Inc		1,184,713
	94,005		CDK Global, Inc		5,046,188
	25,982	*	Cerence Inc		554,716
	71,431	*	Ceridian HCM Holding, Inc		5,235,178
	17,671	*	ChannelAdvisor Corp		165,401
	96,406		Citrix Systems, Inc		11,686,335
	213,490	*,e	Cloudera, Inc		2,196,812
	424,811		Cognizant Technology Solutions Corp (Class A)		26,074,899
	26,741	*	Commvault Systems, Inc		1,203,880
	133,288	*	Conduent, Inc		570,473
	63,661		CoreLogic Inc		2,960,236
	41,169	*	Cornerstone OnDemand, Inc		2,420,737
	45,478	*	Coupa Software, Inc		7,328,780
	19,069		CSG Systems International, Inc		950,018
	5,864	*,e	Digimarc Corp		183,602
	55,211	*	Digital Turbine, Inc		344,517
	116,164	*	DocuSign, Inc		9,120,036
	20,166	*	Domo, Inc		488,420
	151,299	*	Dropbox, Inc		2,575,109
	191,130		DXC Technology Co		6,093,224
	46,829	*	Dynatrace, Inc		1,466,216
	13,427	e	Ebix, Inc		462,292
	34,490	*	Elastic NV		2,237,711
	34,278	*	Endurance International Group Holdings, Inc		161,792
	33,748	*	Envestnet, Inc		2,661,705
	38,137	*	EPAM Systems, Inc		8,700,575
	37,504	*	Euronet Worldwide, Inc		5,912,131

179

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	23,181	*	Everbridge, Inc	$	2,101,126
	87,635	*	Everi Holdings, Inc		1,095,437
	57,131		EVERTEC, Inc		1,917,888
	29,867	*	Evo Payments, Inc		827,615
	24,176	*	ExlService Holdings, Inc		1,767,507
	20,771	*	Fair Isaac Corp		8,357,835
	466,857		Fidelity National Information Services, Inc		67,068,677
	158,538	*	FireEye, Inc		2,533,437
	431,434	*	Fiserv, Inc		51,172,387
	44,399	*	Five9, Inc		3,184,740
	64,150	*	FleetCor Technologies, Inc		20,222,004
	39,476	*	ForeScout Technologies, Inc		1,125,461
	108,140	*	Fortinet, Inc		12,475,030
	66,225	*	Gartner, Inc		10,647,655
	141,006		Genpact Ltd		6,242,336
	227,162		Global Payments, Inc		44,398,813
	125,773	*	GoDaddy, Inc		8,453,203
	15,802	*	GTT Communications, Inc		187,254
	60,631	*	Guidewire Software, Inc		6,820,987
	54,164		Hackett Group, Inc		837,105
	28,663	*	HubSpot, Inc		5,186,283
	10,789	*	I3 Verticals, Inc		348,377
	15,736	*	Information Services Group, Inc		42,487
	34,169	*	Instructure, Inc		1,668,814
	17,080	*,e	Intelligent Systems Corp		725,046
	682,999		International Business Machines Corp		98,167,446
	194,776		Intuit, Inc		54,611,295
	35,144		j2 Global, Inc		3,368,904
	62,866		Jack Henry & Associates, Inc		9,400,982
	105,233		KBR, Inc		2,862,338
	99,675		Leidos Holdings, Inc		10,014,347
	74,415	*	Limelight Networks, Inc		371,331
	52,966	*	Liveperson, Inc		2,172,136
	55,670	*	LiveRamp Holdings, Inc		2,240,161
	34,160		LogMeIn, Inc		2,936,735
	51,717	*	Manhattan Associates, Inc		4,419,735
	23,451		Mantech International Corp (Class A)		1,882,646
	682,091		Mastercard, Inc (Class A)		215,499,831
	52,260		MAXIMUS, Inc		3,749,655
	9,567	*,e	Medallia, Inc		269,981
	5,814,136		Microsoft Corp		989,740,371
	8,153	*	MicroStrategy, Inc (Class A)		1,239,501
	81,479	*	Mitek Systems, Inc		795,235
	67,870	*	MobileIron, Inc		323,740
	40,079	*	Model N, Inc		1,250,064
	31,804	*,e	MongoDB, Inc		5,212,994
	33,161	*	New Relic, Inc		2,188,958
	36,835		NIC, Inc		726,755
	440,765		NortonLifelock, Inc		12,526,541
	207,856	*	Nuance Communications, Inc		3,932,635
	125,272	*	Nutanix, Inc		4,067,582
	77,671	*	Okta, Inc		9,945,772
	16,134	*	OneSpan, Inc		268,147

180

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	1,584,054		Oracle Corp	$	83,083,632
	26,662	*	Pagerduty, Inc		621,758
	71,757	*	Palo Alto Networks, Inc		16,847,108
	257,782		Paychex, Inc		22,109,962
	36,702	*	Paycom Software, Inc		11,677,108
	25,963	*	Paylocity Holding Corp		3,683,890
	909,510	*	PayPal Holdings, Inc		103,584,094
	21,182	*,e	Paysign Inc		185,131
	33,891		Pegasystems, Inc		2,921,743
	20,483	*	Perficient, Inc		1,018,005
	115,944		Perspecta, Inc		3,254,548
	34,087	*	Pluralsight, Inc		660,947
	28,372		Progress Software Corp		1,280,428
	40,968	*	Proofpoint, Inc		5,031,280
	30,746	*	PROS Holdings, Inc		1,844,760
	75,796	*	PTC, Inc		6,300,163
	30,668	*	Q2 Holdings, Inc		2,673,943
	13,656		QAD, Inc (Class A)		702,601
	22,710	*	Qualys, Inc		1,947,155
	34,220	*	Rapid7, Inc		2,031,984
	53,633	*	RealPage, Inc		3,129,486
	55,693	*	RingCentral, Inc		11,449,367
	214,044		Sabre Corp		4,610,508
	74,373	*	SailPoint Technologies Holding, Inc		1,866,019
	641,930	*	salesforce.com, Inc		117,030,258
	44,823		Science Applications International Corp		3,934,115
	2,934	*,e	SecureWorks Corp		46,152
	141,689	*	ServiceNow, Inc		47,923,470
	4,538	*,e	ShotSpotter, Inc		124,568
	60,902	*	Smartsheet, Inc		2,952,529
	44,684	*	SolarWinds Corp		845,421
	116,935	*	Splunk, Inc		18,155,328
	30,142	*	SPS Commerce, Inc		1,712,970
	261,183	*	Square, Inc		19,507,758
	167,321		SS&C Technologies Holdings, Inc		10,542,896
	75,308	*	SVMK, Inc		1,329,186
	62,478		Switch, Inc		999,648
	22,488	*	Sykes Enterprises, Inc		755,372
	79,247	*,e	Synchronoss Technologies, Inc		433,085
	112,230	*	Synopsys, Inc		16,555,047
	73,826	*	Telaria, Inc		749,334
	16,825	*	TeleNav, Inc		75,544
	41,120	*	Tenable Holdings, Inc		1,120,520
	85,362	*	Teradata Corp		2,077,711
	68,861		TiVo Corp		501,308
	29,764	*	Trade Desk, Inc		8,011,874
	22,783	*,e	TransEnterix, Inc		30,985
	7,628		TTEC Holdings, Inc		302,984
	4,944	*,e	Tucows, Inc		297,876
	90,987	*,e	Twilio, Inc		11,313,324
	29,229	*	Tyler Technologies, Inc		9,460,843
	31,505	*	Unisys Corp		305,914
	23,456	*	Upland Software, Inc		915,722
	39,116	*	Upwork, Inc		359,085

181

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	27,353	*	Varonis Systems, Inc	$	2,288,352
	47,704	*	Verint Systems, Inc		2,766,832
	84,927	*	VeriSign, Inc		17,676,706
	90,793	*	Verra Mobility Corp		1,446,332
	29,371	*,e	VirnetX Holding Corp		111,610
	15,336	*	Virtusa Corp		638,591
	1,316,806		Visa, Inc (Class A)		262,004,890
	57,774		VMware, Inc (Class A)		8,554,018
	312,197		Western Union Co		8,398,099
	31,036	*	WEX, Inc		6,732,329
	122,464	*	Workday, Inc		22,610,528
	29,314	*	Workiva, Inc		1,333,494
	77,806	*,e	Yext, Inc		1,162,422
	78,351	*	Zendesk, Inc		6,769,526
	22,508	*	Zix Corp		151,929
	45,626	*,e	Zscaler, Inc		2,559,162
	60,576	*	Zuora Inc		893,496
			TOTAL SOFTWARE & SERVICES		3,190,581,241
TECHNOLOGY HARDWARE & EQUIPMENT - 6.3%
	92,051	*	3D Systems Corp		1,002,435
	27,636		Adtran, Inc		250,106
	33,387	*	Agilysys, Inc		1,085,077
	19,888	*	Akoustis Technologies, Inc		146,177
	230,263		Amphenol Corp (Class A)		22,904,261
	27,285	*	Anixter International, Inc		2,663,016
	3,414,437		Apple, Inc		1,056,802,396
	28,619	*,e	Applied Optoelectronics, Inc		323,395
	44,884	*	Arista Networks, Inc		10,024,393
	166,136	*	Arlo Technologies, Inc		709,401
	60,939	*	Arrow Electronics, Inc		4,627,708
	38,581	*	Avid Technology, Inc		324,273
	71,222		Avnet, Inc		2,598,891
	37,633		AVX Corp		762,821
	24,060		Badger Meter, Inc		1,420,984
	5,805		Bel Fuse, Inc (Class B)		100,543
	23,710		Belden CDT, Inc		1,168,192
	47,299		Benchmark Electronics, Inc		1,455,863
	21,160	*	CalAmp Corp		203,559
	29,260	*	Calix, Inc		268,022
	33,788	*	Casa Systems, Inc		135,490
	107,049		CDW Corp		13,964,542
	112,693	*	Ciena Corp		4,583,224
	3,301,231		Cisco Systems, Inc		151,757,589
	4,561	*	Clearfield, Inc		58,016
	127,729		Cognex Corp		6,510,347
	18,086	*	Coherent, Inc		2,557,903
	146,272	*	CommScope Holding Co, Inc		1,782,324
	13,332		Comtech Telecommunications Corp		385,428
	574,304		Corning, Inc		15,328,174
	19,009		CTS Corp		557,154
	19,750	e	Daktronics, Inc		116,525
	113,744	*	Dell Technologies, Inc		5,547,295

182

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	59,746	*	Diebold, Inc	$	687,676
	10,072	*	Digi International, Inc		159,087
	54,273		Dolby Laboratories, Inc (Class A)		3,763,290
	30,498	*	EchoStar Corp (Class A)		1,217,023
	7,496	*	ePlus, Inc		597,581
	75,046	*	Extreme Networks, Inc		442,771
	45,264	*	F5 Networks, Inc		5,527,640
	32,555	*	Fabrinet		2,052,267
	12,665	*	FARO Technologies, Inc		654,274
	203,198	*	Fitbit, Inc		1,324,851
	101,323		FLIR Systems, Inc		5,222,187
	46,648	*	Harmonic, Inc		328,169
	1,011,650		Hewlett Packard Enterprise Co		14,092,284
	1,146,281		HP, Inc		24,438,711
	65,421	*,e	II-VI, Inc		2,201,417
	19,344	*	Immersion Corp		141,598
	208,469	*,e	Infinera Corp		1,536,417
	20,255	*,e	Inseego Corp		135,911
	31,492	*	Insight Enterprises, Inc		2,074,378
	27,167		InterDigital, Inc		1,500,977
	26,819	*	IPG Photonics Corp		3,423,982
	13,759	*	Iteris, Inc		69,621
	28,386	*	Itron, Inc		2,320,555
	116,887		Jabil Inc		4,545,735
	268,503		Juniper Networks, Inc		6,159,459
	42,981		Kemet Corp		1,119,225
	142,081	*	Keysight Technologies, Inc		13,212,112
	14,394	*	Kimball Electronics, Inc		232,895
	49,539	*	Knowles Corp		977,404
	5,791	*	KVH Industries, Inc		59,589
	18,187		Littelfuse, Inc		3,217,462
	57,764	*	Lumentum Holdings, Inc		4,376,778
	20,788		Methode Electronics, Inc		680,807
	130,324		Motorola Solutions, Inc		23,067,348
	9,718		MTS Systems Corp		492,605
	9,313	*	Napco Security Technologies, Inc		273,802
	110,252		National Instruments Corp		4,920,547
	92,155	*	NCR Corp		3,107,467
	177,694		NetApp, Inc		9,488,860
	18,154	*	Netgear, Inc		466,921
	49,960	*	Netscout Systems, Inc		1,284,472
	24,834	*	nLight, Inc		436,333
	26,217	*	Novanta, Inc		2,378,668
	15,364	*	OSI Systems, Inc		1,329,601
	8,426	*,e	PAR Technology Corp		286,737
	17,810		Park Aerospace Corp		275,521
	5,105		PC Connection, Inc		254,433
	25,570		Plantronics, Inc		734,370
	26,786	*	Plexus Corp		1,905,020
	177,478	*	Pure Storage, Inc		3,159,108
	26,337	*	Ribbon Communications, Inc		74,270
	14,957	*	Rogers Corp		1,761,187
	43,947	*	Sanmina Corp		1,399,272
	14,787	*	Scansource, Inc		515,918

183

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	29,338	*,e	Stratasys Ltd	$	527,497
	33,660	*	Synaptics, Inc		2,244,785
	30,708		Synnex Corp		4,230,334
	25,505	*	Tech Data Corp		3,671,190
	194,918	*	Trimble Inc		8,287,913
	52,051	*	TTM Technologies, Inc		749,014
	7,976	e	Ubiquiti, Inc		1,303,438
	39,316	*	Viasat, Inc		2,502,463
	179,207	*	Viavi Solutions, Inc		2,526,819
	87,541		Vishay Intertechnology, Inc		1,776,207
	6,505	*	Vishay Precision Group, Inc		224,683
	227,005		Western Digital Corp		14,868,828
	149,088		Xerox Holdings Corp		5,303,060
	40,227	*	Zebra Technologies Corp (Class A)		9,615,058
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		1,536,063,406
TELECOMMUNICATION SERVICES - 1.8%
	5,260	*	Anterix, Inc		244,380
	5,608,657		AT&T, Inc		210,997,677
	5,617		ATN International, Inc		325,056
	11,426	*	Bandwidth Inc		810,789
	47,700	*	Boingo Wireless, Inc		536,148
	823,486		CenturyLink, Inc		11,248,819
	31,358	*	Cincinnati Bell, Inc		429,918
	27,208		Cogent Communications Group, Inc		1,929,863
	38,093	*	Consolidated Communications Holdings, Inc		183,989
	80,318	*,e	Gogo, Inc		422,473
	56,168	*	IDT Corp (Class B)		424,630
	80,615	*,e	Iridium Communications, Inc		2,059,713
	9,912	*	Ooma, Inc		130,145
	50,663	*	ORBCOMM, Inc		181,880
	30,053		Shenandoah Telecom Co		1,212,638
	13,824		Spok Holdings, Inc		146,811
	402,004	*	Sprint Corp		1,756,757
	72,628		Telephone & Data Systems, Inc		1,647,203
	241,348	*	T-Mobile US, Inc		19,112,348
	8,691	*	US Cellular Corp		278,286
	3,189,062		Verizon Communications, Inc		189,557,845
	194,410	*	Vonage Holdings Corp		1,724,417
	184,101	*	Zayo Group Holdings, Inc		6,397,510
			TOTAL TELECOMMUNICATION SERVICES		451,759,295
TRANSPORTATION - 1.9%
	44,145	*	Air Transport Services Group, Inc		925,721
	92,525		Alaska Air Group, Inc		5,976,190
	8,785		Allegiant Travel Co		1,476,231
	7,735		Amerco, Inc		2,871,773
	296,076		American Airlines Group, Inc		7,946,680
	19,628		ArcBest Corp		437,901
	24,854	*	Atlas Air Worldwide Holdings, Inc		555,487
	43,060	*	Avis Budget Group, Inc		1,412,368
	102,013		CH Robinson Worldwide, Inc		7,367,379
	26,011		Copa Holdings S.A. (Class A)		2,548,038

184

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	32,803		Costamare, Inc	$	260,128
	7,137	*	Covenant Transportation Group, Inc		90,533
	571,457		CSX Corp		43,625,027
	14,049	*	Daseke, Inc		42,639
	443,131		Delta Air Lines, Inc		24,700,122
	22,066	*,e	Eagle Bulk Shipping, Inc		71,714
	15,234	*	Echo Global Logistics, Inc		295,235
	131,857		Expeditors International of Washington, Inc		9,630,835
	183,482		FedEx Corp		26,538,836
	16,557		Forward Air Corp		1,083,656
	5,547		Genco Shipping & Trading Ltd		43,655
	29,329		Hawaiian Holdings, Inc		817,693
	32,998		Heartland Express, Inc		616,733
	104,773	*	Hertz Global Holdings, Inc		1,651,222
	21,033	*	Hub Group, Inc (Class A)		1,112,015
	62,132		JB Hunt Transport Services, Inc		6,705,907
	224,244	*	JetBlue Airways Corp		4,446,759
	73,196		Kansas City Southern		12,347,433
	45,192	*	Kirby Corp		3,312,122
	87,978		Knight-Swift Transportation Holdings, Inc		3,262,224
	25,429		Landstar System, Inc		2,816,262
	145,132	*	Lyft, Inc (Class A)		6,890,867
	51,556		Macquarie Infrastructure Co LLC		2,274,135
	21,744		Marten Transport Ltd		451,405
	38,795		Matson, Inc		1,397,008
	16,873	*	Mesa Air Group, Inc		144,095
	199,683		Norfolk Southern Corp		41,575,997
	48,224		Old Dominion Freight Line		9,462,996
	4,793		Park-Ohio Holdings Corp		140,914
	26,098	*	Radiant Logistics, Inc		126,053
	41,932		Ryder System, Inc		2,000,995
	33,901	*	Safe Bulkers, Inc		44,071
	23,550	*	Saia, Inc		2,051,205
	57,200		Schneider National, Inc		1,273,844
	34,522		Scorpio Bulkers, Inc		126,696
	42,491		Skywest, Inc		2,344,228
	363,305		Southwest Airlines Co		19,974,509
	49,971	*	Spirit Airlines, Inc		2,052,309
	739,943	*	Uber Technologies, Inc		26,852,531
	532,364		Union Pacific Corp		95,516,749
	175,716	*	United Airlines Holdings Inc		13,143,557
	537,809		United Parcel Service, Inc (Class B)		55,673,988
	2,477		Universal Logistics Holdings Inc		41,861
	10,589	*	US Xpress Enterprises, Inc		57,816
	48,417	e	Werner Enterprises, Inc		1,784,651
	69,699	*	XPO Logistics, Inc		6,197,635
	29,117	*,e	YRC Worldwide, Inc		65,804
			TOTAL TRANSPORTATION		466,654,437
UTILITIES - 3.5%
	488,745		AES Corp		9,706,476
	43,324		Allete, Inc		3,616,687
	183,187		Alliant Energy Corp		10,873,980
	181,400		Ameren Corp		14,883,870

185

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	379,142		American Electric Power Co, Inc	$	39,514,179
	29,906		American States Water Co		2,648,475
	147,492		American Water Works Co, Inc		20,088,410
	8,406	*	AquaVenture Holdings Ltd		226,962
	4,175		Artesian Resources Corp		157,481
	78,190	*	Atlantic Power Corp		186,874
	91,008		Atmos Energy Corp		10,650,666
	58,345		Avangrid, Inc		3,107,455
	52,011		Avista Corp		2,644,759
	47,990		Black Hills Corp		3,984,610
	43,873	*,e	Cadiz, Inc		399,025
	38,876		California Water Service Group		2,043,323
	373,827		Centerpoint Energy, Inc		9,898,939
	16,717		Chesapeake Utilities Corp		1,608,343
	19,052		Clearway Energy, Inc (Class A)		394,186
	43,413		Clearway Energy, Inc (Class C)		919,053
	221,737		CMS Energy Corp		15,191,202
	252,313		Consolidated Edison, Inc		23,717,422
	5,918		Consolidated Water Co, Inc		101,257
	632,638		Dominion Energy Inc		54,248,708
	139,492		DTE Energy Co		18,498,034
	562,846		Duke Energy Corp		54,950,655
	265,414		Edison International		20,317,442
	36,343		El Paso Electric Co		2,474,595
	148,075		Entergy Corp		19,474,824
	315,969		Equitable Holdings, Inc		7,589,575
	164,210	*	Essential Utilities Inc		8,529,067
	184,167		Evergy, Inc		13,289,491
	244,690		Eversource Energy		22,619,144
	739,154		Exelon Corp		35,176,339
	397,012		FirstEnergy Corp		20,164,239
	57,069	e	Genie Energy Ltd		412,609
	5,614		Global Water Resources, Inc		70,905
	94,157		Hawaiian Electric Industries, Inc		4,605,219
	41,991		Idacorp, Inc		4,710,970
	150,466		MDU Resources Group, Inc		4,455,298
	25,821		MGE Energy, Inc		2,063,872
	9,879		Middlesex Water Co		644,703
	56,119		National Fuel Gas Co		2,423,780
	72,067		New Jersey Resources Corp		2,977,808
	375,130		NextEra Energy, Inc		100,609,866
	269,418		NiSource, Inc		7,896,642
	24,233		Northwest Natural Holding Co		1,778,218
	38,146		NorthWestern Corp		2,936,098
	205,756		NRG Energy, Inc		7,590,339
	160,753		OGE Energy Corp		7,370,525
	37,812		ONE Gas, Inc		3,573,234
	33,124		Ormat Technologies, Inc		2,625,408
	39,135		Otter Tail Corp		2,096,071
	72,047		Pattern Energy Group, Inc		1,938,785
	379,110	*,b	PG&E Corp		5,766,263
	82,333		Pinnacle West Capital Corp		8,043,111
	57,247		PNM Resources, Inc		3,104,505

186

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	72,918		Portland General Electric Co	$	4,484,457
	545,887		PPL Corp		19,755,650
	387,231		Public Service Enterprise Group, Inc		22,924,075
	8,678	*	Pure Cycle Corp		112,727
	3,652		RGC Resources, Inc		92,469
	214,244		Sempra Energy		34,416,156
	26,781		SJW Corp		1,964,386
	68,657		South Jersey Industries, Inc		2,114,636
	795,653		Southern Co		56,013,971
	40,004		Southwest Gas Holdings Inc		3,020,702
	7,128	e	Spark Energy, Inc		67,645
	42,596		Spire, Inc		3,591,695
	26,130	*	Sunnova Energy International, Inc		354,845
	53,530		TerraForm Power, Inc		968,358
	149,226		UGI Corp		6,206,309
	11,971		Unitil Corp		738,491
	321,736		Vistra Energy Corp		7,245,495
	244,973		WEC Energy Group, Inc		24,470,353
	394,062		Xcel Energy, Inc		27,265,150
	10,435		York Water Co		494,202
			TOTAL UTILITIES		847,891,748
			TOTAL COMMON STOCKS		24,330,477,113
			(Cost $14,683,591,320)
RIGHTS / WARRANTS - 0.0%
MATERIALS - 0.0%
	16,652	†	A Schulman, Inc		7,210
	208,358	†	Pan American Silver Corp		137,516
			TOTAL MATERIALS		144,726
MEDIA & ENTERTAINMENT - 0.0%
	57,537	†	Media General, Inc		0
			TOTAL MEDIA & ENTERTAINMENT		0
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	21,703	†	Elanco Animal Health, Inc CVR		1,235
	1,988	†	Omthera Pharmaceuticals, Inc		1,193
	4,598	†	Tobira Therapeutics, Inc		276
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		2,704
			TOTAL RIGHTS / WARRANTS		147,430
			(Cost $157,167)

PRINCIPAL		ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.9%
GOVERNMENT AGENCY DEBT - 0.0%
$	12,400,000	Federal Home Loan Bank (FHLB)		1.500	%	02/03/20	12,400,000
		TOTAL GOVERNMENT AGENCY DEBT					12,400,000

187

TIAA-CREF FUNDS - Equity Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
TREASURY DEBT - 0.4%
$	33,130,000		United States Treasury Bill		1.465	%	02/06/20	$	33,125,962
	61,800,000		United States Treasury Bill		1.453		02/20/20		61,757,003
			TOTAL TREASURY DEBT						94,882,965
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.5%
	123,281,590	c	State Street Navigator Securities Lending Government Money Market Portfolio						123,281,590
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						123,281,590
			TOTAL SHORT-TERM INVESTMENTS						230,564,555
			(Cost $230,556,456)
			TOTAL INVESTMENTS - 100.6%						24,561,189,098
			(Cost $14,914,304,943)
			OTHER ASSETS & LIABILITIES, NET - (0.6)%						(146,024,326	)
			NET ASSETS - 100.0%					$	24,415,164,772
			Abbreviation(s):
			CVR   Contingent Value Right
			REIT   Real Estate Investment Trust
*			Non-income producing
†			Security is categorized as Level 3 in the fair value hierarchy.
b			In bankruptcy
c			Investments made with cash collateral received from securities on loan.
d			All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.
e			All or a portion of these securities are out on loan. The aggregate value of securities on loan is $155,221,848.

Futures contracts outstanding as of January 31, 2020 were as follows:

Description	Number of long (short) contracts		Expiration date	Notional amount		Value		Unrealized appreciation (depreciation)
Russell 2000 E Mini Index		70	03/20/20	$	5,829,440	$	5,651,450	$	(177,990	)
S&P 500 E Mini Index		360	03/20/20		59,197,343		58,032,000		(1,165,343	)
S&P Mid-Cap 400 E Mini Index		16	03/20/20		3,296,197		3,211,200		(84,997	)
Total		446		$	68,322,980	$	66,894,650	$	(1,428,330	)

188

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

TIAA-CREF FUNDS

LARGE-CAP GROWTH INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES				COMPANY	VALUE
COMMON STOCKS - 99.80%
AUTOMOBILES & COMPONENTS - 0.6%
	8,828			Aptiv plc	$	748,526
	75,540		*	Tesla, Inc		49,144,058
				TOTAL AUTOMOBILES & COMPONENTS		49,892,584
BANKS - 0.1%
	4,036			CIT Group, Inc		184,486
	4,603			Comerica, Inc		281,519
	15,396			First Republic Bank		1,707,108
	3,943	*,e		LendingTree, Inc		1,227,062
	5,271			Prosperity Bancshares, Inc		370,024
	13,607			Signature Bank		1,930,697
	1,966		*	SVB Financial Group		472,489
	5,770			Synovus Financial Corp		202,065
	5,242			Western Alliance Bancorp		289,516
				TOTAL BANKS		6,664,966
CAPITAL GOODS - 5.9%
	226,884			3M Co		35,997,415
	11,618			A.O. Smith Corp		495,972
	5,344			Acuity Brands, Inc		629,897
	7,965			Air Lease Corp		342,017
	37,169			Allegion plc		4,806,695
	59,357			Allison Transmission Holdings, Inc		2,623,579
	96,613			Ametek, Inc		9,385,953
	27,294			Armstrong World Industries, Inc		2,738,407
	281,351			Boeing Co		89,545,583
	40,386			BWX Technologies, Inc		2,568,146
	26,511			Carlisle Cos, Inc		4,141,814
	22,169			Caterpillar, Inc		2,911,898
	17,931			Deere & Co		2,843,498
	69,875			Donaldson Co, Inc		3,623,019
	33,712			Dover Corp		3,838,111
	27,293			Emerson Electric Co		1,954,998
	271,739			Fastenal Co		9,478,256
	14,482			Flowserve Corp		676,020
	33,862			Fortive Corp		2,537,280
	22,752			Fortune Brands Home & Security, Inc		1,563,290
	8,749			General Dynamics Corp		1,534,925
	88,058			Graco, Inc		4,680,283
	21,210			HEICO Corp		2,596,740
	40,330			HEICO Corp (Class A)		3,877,729
	40,440			Hexcel Corp		3,001,457
	188,258			Honeywell International, Inc		32,610,051
	15,288			Hubbell, Inc		2,189,700
	17,530			Huntington Ingalls		4,575,330

189

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES				COMPANY	VALUE
	19,331			IDEX Corp	$	3,167,384
	170,093			Illinois Tool Works, Inc		29,762,873
	119,526			Ingersoll-Rand plc		15,924,449
	58,740			L3Harris Technologies, Inc		13,000,924
	17,057			Lennox International, Inc		3,973,940
	31,283			Lincoln Electric Holdings, Inc		2,789,818
	131,374			Lockheed Martin Corp		56,243,837
	30,207		*	Middleby Corp		3,388,017
	27,086			Nordson Corp		4,573,742
	84,177			Northrop Grumman Corp		31,530,179
	21,023			Quanta Services, Inc		823,050
	91,973			Raytheon Co		20,320,515
	60,613			Rockwell Automation, Inc		11,617,088
	8,410			Roper Technologies Inc		3,209,761
	34,238		*	Sensata Technologies Holding plc		1,618,430
	50,029			Spirit Aerosystems Holdings, Inc (Class A)		3,267,894
	56,119			Toro Co		4,490,642
	21,155			TransDigm Group, Inc		13,608,588
	28,612		*	United Rentals, Inc		3,882,362
	23,354			W.W. Grainger, Inc		7,068,555
	23,567		*	WABCO Holdings, Inc		3,196,864
	26,338			Wabtec Corp		1,945,325
	23,051			Woodward Inc		2,681,062
	94,359			Xylem, Inc		7,705,356
				TOTAL CAPITAL GOODS		487,558,718
COMMERCIAL & PROFESSIONAL SERVICES - 1.3%
	43,967			Cintas Corp		12,265,474
	106,930		*	Copart, Inc		10,849,118
	18,907		*	CoStar Group, Inc		12,346,082
	53,780			Equifax, Inc		8,061,622
	64,866		*	IAA, Inc		3,065,567
	132,327		*	IHS Markit Ltd		10,435,307
	62,750			KAR Auction Services, Inc		1,319,005
	22,733			Nielsen NV		463,753
	9,014			Republic Services, Inc		856,781
	60,224			Robert Half International, Inc		3,503,230
	75,777			Rollins, Inc		2,875,737
	98,376			TransUnion		9,021,079
	83,725			Verisk Analytics, Inc		13,602,801
	176,254			Waste Management, Inc		21,450,112
				TOTAL COMMERCIAL & PROFESSIONAL SERVICES		110,115,668
CONSUMER DURABLES & APPAREL - 1.5%
	30,215		*	Capri Holdings Ltd		905,242
	10,174			Carter’s, Inc		1,079,156
	9,987			Columbia Sportswear Co		937,979
	142,683		e	Hanesbrands, Inc		1,963,318
	66,637			Hasbro, Inc		6,788,311
	4,039			Lennar Corp (B Shares)		212,088
	59,380			Lennar Corp (Class A)		3,940,457
	62,700		*	Lululemon Athletica, Inc		15,009,753
	146,154	*,e		Mattel, Inc		2,138,233
	656,407			Nike, Inc (Class B)		63,211,994

190

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	1,728	*	NVR, Inc	$	6,595,724
	26,350		Polaris Inc		2,419,984
	30,946	*	Skechers U.S.A., Inc (Class A)		1,157,071
	24,679	*	Tempur Sealy International, Inc		2,261,090
	69,480	*	Under Armour, Inc (Class A)		1,402,106
	71,506	*	Under Armour, Inc (Class C)		1,284,248
	161,869		VF Corp		13,430,271
			TOTAL CONSUMER DURABLES & APPAREL		124,737,025
CONSUMER SERVICES - 2.2%
	29,390	*	Bright Horizons Family Solutions		4,812,025
	13,513	*	Chipotle Mexican Grill, Inc (Class A)		11,712,528
	7,423		Choice Hotels International, Inc		743,785
	64,859		Darden Restaurants, Inc		7,551,533
	21,756		Domino’s Pizza, Inc		6,129,753
	41,779		Dunkin Brands Group, Inc		3,262,522
	2,257	*	Grand Canyon Education, Inc		176,678
	21,137		H&R Block, Inc		490,378
	6,393	*	Hilton Grand Vacations, Inc		204,001
	149,292		Hilton Worldwide Holdings, Inc		16,093,678
	86,701		Las Vegas Sands Corp		5,662,442
	145,856		Marriott International, Inc (Class A)		20,428,591
	66,312		McDonald’s Corp		14,188,779
	22,905		MGM Resorts International		711,429
	22,292	*	Norwegian Cruise Line Holdings Ltd		1,200,424
	43,320	*	Planet Fitness, Inc		3,499,823
	32,646		Service Corp International		1,565,376
	11,017	*	ServiceMaster Global Holdings, Inc		397,163
	3,781		Six Flags Entertainment Corp		144,169
	626,918		Starbucks Corp		53,181,454
	19,273		Vail Resorts, Inc		4,519,711
	102,259		Wendy’s		2,215,953
	14,542		Wyndham Hotels & Resorts, Inc		831,366
	43,443		Wynn Resorts Ltd		5,480,769
	154,527		Yum China Holdings, Inc		6,655,478
	143,259		Yum! Brands, Inc		15,152,504
			TOTAL CONSUMER SERVICES		187,012,312
DIVERSIFIED FINANCIALS - 2.2%
	198,173		American Express Co		25,736,728
	10,843		Ameriprise Financial, Inc		1,793,541
	13,997		CBOE Global Markets, Inc		1,724,710
	364,081		Charles Schwab Corp		16,583,890
	4,730	*	Credit Acceptance Corp		2,029,075
	58,073		Discover Financial Services		4,363,024
	27,659		E*TRADE Financial Corp		1,178,827
	7,428		Evercore Inc		569,133
	19,210		Factset Research Systems, Inc		5,496,173
	10,068		Interactive Brokers Group, Inc (Class A)		473,196
	115,838		IntercontinentalExchange Group, Inc		11,553,682
	53,889		iShares Russell 1000 Growth Index Fund		9,694,631
	20,422		Lazard Ltd (Class A)		856,907
	43,350		LPL Financial Holdings, Inc		3,993,835

191

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	19,450		MarketAxess Holdings, Inc	$	6,888,801
	87,156		Moody’s Corp		22,380,789
	10,690		Morningstar, Inc		1,677,154
	43,712		MSCI, Inc (Class A)		12,492,890
	15,028		Raymond James Financial, Inc		1,374,010
	130,704		S&P Global, Inc		38,391,686
	31,435		SEI Investments Co		2,051,448
	95,538		Synchrony Financial		3,096,387
	34,789		T Rowe Price Group, Inc		4,645,375
	121,647		TD Ameritrade Holding Corp		5,775,800
	20,631		Virtu Financial, Inc		344,331
	4,389		Voya Financial, Inc		262,155
			TOTAL DIVERSIFIED FINANCIALS		185,428,178
ENERGY - 0.2%
	143,126		Cabot Oil & Gas Corp		2,016,645
	68,514	*	Cheniere Energy, Inc		4,058,770
	17,491		Diamondback Energy, Inc		1,301,331
	10,633	e	Equitrans Midstream Corp		102,821
	68,737		ONEOK, Inc		5,146,339
	90,830		Parsley Energy, Inc		1,511,411
	36,515		Pioneer Natural Resources Co		4,929,525
			TOTAL ENERGY		19,066,842
FOOD & STAPLES RETAILING - 1.1%
	4,714		Casey’s General Stores, Inc		758,294
	234,252		Costco Wholesale Corp		71,568,671
	6,338	*	Grocery Outlet Holding Corp		207,506
	48,370	*	Sprouts Farmers Market, Inc		756,023
	251,284		SYSCO Corp		20,640,468
			TOTAL FOOD & STAPLES RETAILING		93,930,962
FOOD, BEVERAGE & TOBACCO - 2.9%
	485,600		Altria Group, Inc		23,080,568
	25,439		Brown-Forman Corp (Class A)		1,634,964
	86,061		Brown-Forman Corp (Class B)		5,821,166
	53,921		Campbell Soup Co		2,609,237
	1,393,052		Coca-Cola Co		81,354,237
	66,623		Hershey Co		10,337,891
	48,257		Kellogg Co		3,291,610
	19,370		Lamb Weston Holdings, Inc		1,768,675
	42,027		McCormick & Co, Inc		6,865,951
	201,190	*	Monster Beverage Corp		13,399,254
	625,099		PepsiCo, Inc		88,776,560
	9,637	*	Pilgrim’s Pride Corp		251,044
	14,908	*	Post Holdings, Inc		1,558,930
	4,797	*	TreeHouse Foods, Inc		213,946
			TOTAL FOOD, BEVERAGE & TOBACCO		240,964,033
HEALTH CARE EQUIPMENT & SERVICES - 6.2%
	397,658		Abbott Laboratories		34,651,918
	23,446	*	Abiomed, Inc		4,367,755
	41,346	*	Align Technology, Inc		10,630,057

192

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES				COMPANY	VALUE
	79,373			AmerisourceBergen Corp	$	6,791,154
	39,265			Anthem, Inc		10,416,219
	120,572			Baxter International, Inc		10,757,434
	11,934			Becton Dickinson & Co		3,283,998
	737,215		*	Boston Scientific Corp		30,867,192
	10,747			Cantel Medical Corp		699,200
	260,849		*	Centene Corp		16,383,926
	168,607			Cerner Corp		12,111,041
	39,311	*,e		Change Healthcare, Inc		610,107
	8,376			Chemed Corp		3,911,927
	59,740			Cigna Corp		11,492,781
	3,561			Cooper Cos, Inc		1,235,275
	17,650			Danaher Corp		2,839,355
	47,842		*	DexCom, Inc		11,517,961
	110,345		*	Edwards Lifesciences Corp		24,260,452
	28,863			Encompass Health Corp		2,223,317
	49,896		*	Envista Holdings Corp		1,476,423
	19,702		*	Guardant Health, Inc		1,498,140
	84,809			HCA Healthcare, Inc		11,771,489
	10,436		*	Henry Schein, Inc		719,458
	17,674			Hill-Rom Holdings, Inc		1,882,104
	113,132		*	Hologic, Inc		6,054,825
	30,431			Humana, Inc		10,232,119
	2,997		*	ICU Medical, Inc		546,863
	45,205		*	IDEXX Laboratories, Inc		12,251,007
	32,096		*	Insulet Corp		6,227,908
	61,393		*	Intuitive Surgical, Inc		34,366,574
	2,787		*	Laboratory Corp of America Holdings		488,840
	24,090		*	Masimo Corp		4,109,754
	11,840			McKesson Corp		1,688,502
	26,397		*	Molina Healthcare, Inc		3,246,039
	17,171		*	Penumbra, Inc		3,012,824
	75,426			Resmed, Inc		11,990,471
	2,487			STERIS plc		374,766
	181,891			Stryker Corp		38,324,434
	24,207			Teleflex, Inc		8,993,143
	502,709			UnitedHealth Group, Inc		136,963,067
	48,032		*	Varian Medical Systems, Inc		6,751,858
	68,845		*	Veeva Systems, Inc		10,093,365
	29,875			West Pharmaceutical Services, Inc		4,659,006
				TOTAL HEALTH CARE EQUIPMENT & SERVICES		516,774,048
HOUSEHOLD & PERSONAL PRODUCTS - 0.6%
	128,723			Church & Dwight Co, Inc		9,553,821
	54,239			Clorox Co		8,532,337
	115,548			Estee Lauder Cos (Class A)		22,550,348
	9,893		*	Herbalife Nutrition Ltd		384,343
	79,331			Procter & Gamble Co		9,886,229
				TOTAL HOUSEHOLD & PERSONAL PRODUCTS		50,907,078
INSURANCE - 1.0%
	783			Alleghany Corp		624,568
	124,888			Aon plc		27,506,582

193

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	31,845	*	Arch Capital Group Ltd	$	1,406,275
	19,945		Arthur J. Gallagher & Co		2,045,759
	31,671	*	Athene Holding Ltd		1,379,589
	4,274		Axis Capital Holdings Ltd		274,604
	6,060		Brown & Brown, Inc		272,094
	9,184		Erie Indemnity Co (Class A)		1,529,136
	6,250		Everest Re Group Ltd		1,728,562
	5,832		Kemper Corp		434,017
	948	*	Markel Corp		1,111,976
	237,653		Marsh & McLennan Cos, Inc		26,583,865
	15,553		Primerica, Inc		1,843,964
	100,356		Progressive Corp		8,097,726
	8,518		RenaissanceRe Holdings Ltd		1,613,650
	21,712		Travelers Cos, Inc		2,857,733
			TOTAL INSURANCE		79,310,100
MATERIALS - 1.3%
	16,526		Air Products & Chemicals, Inc		3,944,921
	14,708		Aptargroup, Inc		1,698,921
	41,372		Avery Dennison Corp		5,429,661
	32,513	*	Axalta Coating Systems Ltd		936,700
	171,916		Ball Corp		12,408,897
	25,887	*	Berry Global Group, Inc		1,100,715
	11,183		CF Industries Holdings, Inc		450,451
	38,411	*	Crown Holdings, Inc		2,843,566
	20,339		Eagle Materials, Inc		1,854,307
	133,669		Ecolab, Inc		26,213,828
	44,256	*	Element Solutions, Inc		517,795
	9,807		Martin Marietta Materials, Inc		2,587,087
	3,749		NewMarket Corp		1,648,135
	40,055		PPG Industries, Inc		4,800,191
	12,470		Royal Gold, Inc		1,438,040
	11,024		RPM International, Inc		786,783
	21,103		Scotts Miracle-Gro Co (Class A)		2,590,182
	5,802		Sealed Air Corp		205,971
	43,999		Sherwin-Williams Co		24,507,003
	30,486		Southern Copper Corp		1,148,713
	62,963		Vulcan Materials Co		8,917,450
	29,227		WR Grace and Co		1,968,731
			TOTAL MATERIALS		107,998,048
MEDIA & ENTERTAINMENT - 11.5%
	20,959		Activision Blizzard, Inc		1,225,682
	159,393	*	Alphabet, Inc (Class A)		228,375,103
	159,628	*	Alphabet, Inc (Class C)		228,943,266
	164,106		Altice USA, Inc		4,489,940
	22,117	*	AMC Networks, Inc		809,261
	2,318		Cable One, Inc		3,949,942
	48,066	*	Charter Communications, Inc		24,872,232
	1,125,604		Comcast Corp (Class A)		48,614,837
	139,417	*	Electronic Arts, Inc		15,045,883
	1,271,875	*	Facebook, Inc		256,804,281
	17,416		Fox Corp (Class A)		645,785
	8,089		Fox Corp (Class B)		293,873

194

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES				COMPANY	VALUE
	23,086		*	IAC/InterActiveCorp	$	5,623,519
	18,139			Interpublic Group of Cos, Inc		411,755
	69,142		*	Live Nation, Inc		4,712,719
	1,258		*	Madison Square Garden Co		372,607
	30,221		e	Match Group, Inc		2,363,887
	224,048		*	NetFlix, Inc		77,316,724
	15,570			New York Times Co (Class A)		498,396
	17,710			Nexstar Media Group Inc		2,145,567
	59,413			Omnicom Group, Inc		4,474,393
	46,208		*	Roku, Inc		5,588,858
	31,832			Sinclair Broadcast Group, Inc (Class A)		952,413
	724,956			Sirius XM Holdings, Inc		5,125,439
	62,695		*	Spotify Technology S.A.		8,858,803
	27,453		*	Take-Two Interactive Software, Inc		3,421,742
	52,873			TripAdvisor, Inc		1,444,490
	404,127		*	Twitter, Inc		13,126,045
	156,706			ViacomCBS, Inc (Class B)		5,348,376
	25,298		e	World Wrestling Entertainment, Inc (Class A)		1,236,566
	94,527		*	Zynga, Inc		569,053
				TOTAL MEDIA & ENTERTAINMENT		957,661,437
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.6%
	786,223			AbbVie, Inc		63,699,788
	6,109		*	Adaptive Biotechnologies Corp		182,690
	15,607			Agilent Technologies, Inc		1,288,514
	2,823		*	Agios Pharmaceuticals, Inc		137,565
	85,426		*	Alexion Pharmaceuticals, Inc		8,490,490
	49,845		*	Alnylam Pharmaceuticals, Inc		5,721,708
	293,225			Amgen, Inc		63,351,261
	117,315		*	Avantor, Inc		2,166,808
	33,088		*	Biogen, Inc		8,895,709
	94,434		*	BioMarin Pharmaceutical, Inc		7,885,239
	19,409			Bio-Techne Corp		4,075,308
	730,183			Bristol-Myers Squibb Co		45,965,020
	52,961			Bruker BioSciences Corp		2,619,981
	24,639		*	Charles River Laboratories International, Inc		3,808,697
	452,060			Eli Lilly & Co		63,125,658
	73,447		*	Exact Sciences Corp		6,851,136
	62,450		*	Exelixis, Inc		1,074,140
	97,593			Gilead Sciences, Inc		6,167,878
	10,796		*	Horizon Therapeutics Plc		372,354
	77,847		*	Illumina, Inc		22,581,079
	95,055		*	Incyte Corp		6,945,669
	68,604		*	Ionis Pharmaceuticals, Inc		4,000,985
	40,717		*	IQVIA Holdings, Inc		6,321,314
	26,097		*	Jazz Pharmaceuticals plc		3,741,005
	213,966			Johnson & Johnson		31,853,118
	1,285,007			Merck & Co, Inc		109,790,998
	12,678		*	Mettler-Toledo International, Inc		9,599,528
	96,371		*,e	Moderna, Inc		1,976,569
	13,133	*,e		Nektar Therapeutics		261,215
	47,973		*	Neurocrine Biosciences, Inc		4,801,138
	12,411		*	PerkinElmer, Inc		1,147,769

195

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	32,779	*	PRA Health Sciences, Inc	$	3,320,840
	8,625	*	Regeneron Pharmaceuticals, Inc		2,914,732
	32,409	*	Sage Therapeutics, Inc		2,148,068
	37,592	*	Sarepta Therapeutics, Inc		4,359,168
	60,956	*	Seattle Genetics, Inc		6,607,021
	144,600		Thermo Fisher Scientific, Inc		45,287,274
	136,172	*	Vertex Pharmaceuticals, Inc		30,917,853
	33,864	*	Waters Corp		7,578,425
	254,329		Zoetis, Inc		34,133,495
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		636,167,207
REAL ESTATE - 2.3%
	56,391		American Homes 4 Rent		1,541,166
	233,925		American Tower Corp		54,209,779
	103,863		Americold Realty Trust		3,580,158
	48,172		Brookfield Property REIT, Inc		889,255
	66,381	*	CBRE Group, Inc		4,052,560
	13,745		Colony Capital, Inc		64,189
	14,626		Coresite Realty		1,717,824
	220,055		Crown Castle International Corp		32,973,041
	45,092		Equinix, Inc		26,592,105
	91,527		Equity Lifestyle Properties, Inc		6,658,589
	53,197		Extra Space Storage, Inc		5,887,844
	7,275	*	Howard Hughes Corp		885,222
	23,218		Iron Mountain, Inc		733,921
	3,033		Jones Lang LaSalle, Inc		515,064
	44,907		Lamar Advertising Co		4,167,819
	11,183		Outfront Media, Inc		332,583
	59,149		Public Storage, Inc		13,235,180
	58,994		SBA Communications Corp		14,722,543
	144,741		Simon Property Group, Inc		19,272,264
	11,473		Sun Communities, Inc		1,860,576
	7,570		UDR, Inc		362,679
			TOTAL REAL ESTATE		194,254,361
RETAILING - 9.6%
	8,391		Advance Auto Parts, Inc		1,105,514
	220,069	*	Amazon.com, Inc		442,057,002
	12,543	*	AutoZone, Inc		13,269,992
	24,033		Best Buy Co, Inc		2,035,355
	22,163	*	Booking Holdings, Inc		40,570,480
	34,216	*	Burlington Stores, Inc		7,440,954
	40,184	*	CarMax, Inc		3,899,455
	24,505	*	Carvana Co		1,942,021
	129,625		Dollar General Corp		19,885,771
	67,759	*	Dollar Tree, Inc		5,899,776
	407,423		eBay, Inc		13,673,116
	61,055	*	Etsy, Inc		2,980,095
	63,095		Expedia Group Inc		6,842,653
	28,889	*	Five Below, Inc		3,270,813
	37,712	*	Floor & Decor Holdings, Inc		1,859,579
	55,583	*	GrubHub, Inc		3,009,819
	334,056		Home Depot, Inc		76,198,174
	18,302		L Brands, Inc		423,874

196

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES				COMPANY	VALUE
	24,395		*	LKQ Corp	$	797,351
	410,878			Lowe’s Companies, Inc		47,760,459
	60,208			Nordstrom, Inc		2,219,267
	26,914		*	Ollie’s Bargain Outlet Holdings, Inc		1,427,519
	39,625		*	O’Reilly Automotive, Inc		16,091,712
	20,521			Pool Corp		4,500,255
	188,471			Ross Stores, Inc		21,144,561
	13,534			Target Corp		1,498,755
	644,785			TJX Companies, Inc		38,068,106
	63,050			Tractor Supply Co		5,860,498
	29,795		*	Ulta Beauty, Inc		7,982,378
	33,597	*,e		Wayfair, Inc		3,148,039
	10,251			Williams-Sonoma, Inc		718,390
				TOTAL RETAILING		797,581,733
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.4%
	548,292		*	Advanced Micro Devices, Inc		25,769,724
	27,389			Analog Devices, Inc		3,005,943
	265,177			Applied Materials, Inc		15,377,614
	205,550			Broadcom, Inc		62,725,638
	4,088		*	Cree, Inc		190,051
	70,928			Entegris, Inc		3,671,233
	84,175			KLA Corp		13,951,164
	67,086			Lam Research Corp		20,005,716
	52,216			Maxim Integrated Products, Inc		3,139,226
	34,525			Microchip Technology, Inc		3,365,497
	22,256			Monolithic Power Systems, Inc		3,809,560
	310,192			NVIDIA Corp		73,338,695
	607,463			QUALCOMM, Inc		51,822,669
	4,412			Skyworks Solutions, Inc		499,218
	91,177			Teradyne, Inc		6,016,770
	499,773			Texas Instruments, Inc		60,297,612
	22,800			Universal Display Corp		4,016,676
	134,358			Xilinx, Inc		11,350,564
				TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		362,353,570
SOFTWARE & SERVICES - 24.2%
	10,520		*	2U, Inc		208,401
	339,765			Accenture plc		69,723,176
	259,479		*	Adobe, Inc		91,113,456
	77,126		*	Akamai Technologies, Inc		7,199,712
	2,438			Alliance Data Systems Corp		250,602
	25,296	*,e		Alteryx, Inc		3,528,033
	46,584		*	Anaplan, Inc		2,682,773
	44,170		*	Ansys, Inc		12,117,156
	35,268		*	Aspen Technology, Inc		4,196,187
	61,811		*	Atlassian Corp plc		9,086,217
	90,425		*	Autodesk, Inc		17,800,161
	231,997			Automatic Data Processing, Inc		39,761,966
	25,002		*	Avalara, Inc		2,128,670
	76,616		*	Black Knight, Inc		5,127,143
	69,750			Booz Allen Hamilton Holding Co		5,443,290
	59,163			Broadridge Financial Solutions, Inc		7,049,271

197

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES				COMPANY	VALUE
	146,177		*	Cadence Design Systems, Inc	$	10,540,823
	64,301			CDK Global, Inc		3,451,678
	39,664		*	Ceridian HCM Holding, Inc		2,906,975
	59,317			Citrix Systems, Inc		7,190,407
	22,662			Cognizant Technology Solutions Corp (Class A)		1,390,994
	2,302			CoreLogic Inc		107,043
	32,964		*	Coupa Software, Inc		5,312,149
	82,988		*	DocuSign, Inc		6,515,388
	108,204		*	Dropbox, Inc		1,841,632
	27,354		*	Dynatrace, Inc		856,454
	23,196		*	Elastic NV		1,504,956
	27,477		*	EPAM Systems, Inc		6,268,603
	26,397		*	Euronet Worldwide, Inc		4,161,223
	14,912		*	Fair Isaac Corp		6,000,291
	197,338			Fidelity National Information Services, Inc		28,349,577
	101,937		*	FireEye, Inc		1,628,953
	299,571		*	Fiserv, Inc		35,532,116
	44,868		*	FleetCor Technologies, Inc		14,143,740
	76,478		*	Fortinet, Inc		8,822,502
	48,831		*	Gartner, Inc		7,851,048
	97,651			Genpact Ltd		4,323,010
	158,035			Global Payments, Inc		30,887,941
	89,955		*	GoDaddy, Inc		6,045,876
	43,463		*	Guidewire Software, Inc		4,889,587
	21,373		*	HubSpot, Inc		3,867,231
	284,701			International Business Machines Corp		40,920,075
	133,404			Intuit, Inc		37,403,813
	35,503			Jack Henry & Associates, Inc		5,309,119
	33,436		*	Manhattan Associates, Inc		2,857,441
	472,458			Mastercard, Inc (Class A)		149,268,380
	6,641	*,e		Medallia, Inc		187,409
	4,026,411			Microsoft Corp		685,415,944
	21,882	*,e		MongoDB, Inc		3,586,679
	27,482		*	New Relic, Inc		1,814,087
	94,011		*	Nutanix, Inc		3,052,537
	54,974		*	Okta, Inc		7,039,421
	1,093,339			Oracle Corp		57,345,631
	22,096		*	Pagerduty, Inc		515,279
	50,417		*	Palo Alto Networks, Inc		11,836,903
	169,686			Paychex, Inc		14,553,968
	26,086		*	Paycom Software, Inc		8,299,522
	17,761		*	Paylocity Holding Corp		2,520,108
	625,258		*	PayPal Holdings, Inc		71,210,634
	21,971			Pegasystems, Inc		1,894,120
	32,914		*	Pluralsight, Inc		638,202
	28,963		*	Proofpoint, Inc		3,556,946
	54,902		*	PTC, Inc		4,563,454
	40,599		*	RealPage, Inc		2,368,952
	39,186		*	RingCentral, Inc		8,055,858
	24,607			Sabre Corp		530,035
	441,860		*	salesforce.com, Inc		80,555,497
	98,860		*	ServiceNow, Inc		33,437,418
	52,753		*	Smartsheet, Inc		2,557,465
	6,588		*	SolarWinds Corp		124,645

198

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	81,905	*	Splunk, Inc	$	12,716,570
	182,619	*	Square, Inc		13,639,813
	107,023		SS&C Technologies Holdings, Inc		6,743,519
	39,579		Switch, Inc		633,264
	77,901	*	Synopsys, Inc		11,491,177
	59,610	*	Teradata Corp		1,450,907
	20,701	*	Trade Desk, Inc		5,572,295
	64,262	*	Twilio, Inc		7,990,337
	20,155	*	Tyler Technologies, Inc		6,523,770
	37,864	*	VeriSign, Inc		7,881,013
	912,771		Visa, Inc (Class A)		181,614,046
	41,080		VMware, Inc (Class A)		6,082,305
	48,225		Western Union Co		1,297,252
	22,158	*	WEX, Inc		4,806,513
	85,648	*	Workday, Inc		15,813,190
	58,381	*	Zendesk, Inc		5,044,118
	36,059	*	Zscaler, Inc		2,022,549
			TOTAL SOFTWARE & SERVICES		2,014,548,591
TECHNOLOGY HARDWARE & EQUIPMENT - 11.1%
	155,706		Amphenol Corp (Class A)		15,488,076
	2,365,719		Apple, Inc		732,213,688
	31,157	*	Arista Networks, Inc		6,958,604
	76,172		CDW Corp		9,936,638
	2,280,090		Cisco Systems, Inc		104,815,737
	88,321		Cognex Corp		4,501,721
	124,925		Corning, Inc		3,334,248
	58,132	*	Dell Technologies, Inc		2,835,098
	4,271		Dolby Laboratories, Inc (Class A)		296,151
	29,087	*	F5 Networks, Inc		3,552,105
	5,601		FLIR Systems, Inc		288,676
	40,220		HP, Inc		857,490
	1,288	*	IPG Photonics Corp		164,439
	16,374		Jabil Inc		636,785
	98,468	*	Keysight Technologies, Inc		9,156,539
	67,234		Motorola Solutions, Inc		11,900,418
	3,657		National Instruments Corp		163,212
	65,310	*	NCR Corp		2,202,253
	125,258		NetApp, Inc		6,688,777
	122,816	*	Pure Storage, Inc		2,186,125
	21,996	*	Trimble Inc		935,270
	4,612		Ubiquiti, Inc		753,693
	28,518	*	Zebra Technologies Corp (Class A)		6,816,372
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		926,682,115
TELECOMMUNICATION SERVICES - 0.1%
	86,446	*	T-Mobile US, Inc		6,845,658
	119,861	*	Zayo Group Holdings, Inc		4,165,170
			TOTAL TELECOMMUNICATION SERVICES		11,010,828
TRANSPORTATION - 1.9%
	28,287		Alaska Air Group, Inc		1,827,057

199

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	20,605	e	American Airlines Group, Inc	$	553,038
	55,388		CH Robinson Worldwide, Inc		4,000,121
	145,139		CSX Corp		11,079,911
	63,726		Delta Air Lines, Inc		3,552,087
	65,439		Expeditors International of Washington, Inc		4,779,665
	13,575		JB Hunt Transport Services, Inc		1,465,150
	13,518	*	JetBlue Airways Corp		268,062
	18,476		Landstar System, Inc		2,046,217
	10,711	*	Lyft, Inc (Class A)		508,558
	18,259		Norfolk Southern Corp		3,801,707
	14,205		Old Dominion Freight Line		2,787,447
	152,898		Southwest Airlines Co		8,406,332
	53,719	*	Uber Technologies, Inc		1,949,463
	369,237		Union Pacific Corp		66,248,502
	27,116	*	United Airlines Holdings Inc		2,028,277
	370,904		United Parcel Service, Inc (Class B)		38,395,982
	28,276	*	XPO Logistics, Inc		2,514,302
			TOTAL TRANSPORTATION		156,211,878
			TOTAL COMMON STOCKS		8,316,832,282
			(Cost $4,658,605,853)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.3%
GOVERNMENT AGENCY DEBT - 0.1%
$	7,920,000		Federal Home Loan Bank (FHLB)		1.500	%	02/03/20		7,920,000
			TOTAL GOVERNMENT AGENCY DEBT						7,920,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.2%
	14,178,235	c	State Street Navigator Securities Lending Government Money Market Portfolio						14,178,235
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						14,178,235
			TOTAL SHORT-TERM INVESTMENTS						22,098,235
			(Cost $22,097,574)
			TOTAL INVESTMENTS - 100.1%						8,338,930,517
			(Cost $4,680,703,427)
			OTHER ASSETS & LIABILITIES, NET - (0.1)%						(5,758,832	)
			NET ASSETS - 100.0%					$	8,333,171,685
			Abbreviation(s):
			REIT     Real Estate Investment Trust
		*	Non-income producing
		c	Investments made with cash collateral received from securities on loan.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $20,609,958.

200

TIAA-CREF FUNDS - Large-Cap Value Index Fund

TIAA-CREF FUNDS

LARGE-CAP VALUE INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES		COMPANY	VALUE
COMMON STOCKS - 99.80%
AUTOMOBILES & COMPONENTS - 0.9%
	117,641	Aptiv plc	$	9,974,781
	101,510	BorgWarner, Inc		3,480,778
	1,955,096	Ford Motor Co		17,243,947
	619,385	General Motors Co		20,681,265
	128,981	Gentex Corp		3,839,764
	118,508	Goodyear Tire & Rubber Co		1,556,010
	79,398	Harley-Davidson, Inc		2,651,893
	29,666	Lear Corp		3,654,258
	27,991	Thor Industries, Inc		2,253,835
		TOTAL AUTOMOBILES & COMPONENTS		65,336,531
BANKS - 10.7%
	75,521	Associated Banc-Corp		1,505,134
	4,057,037	Bank of America Corp		133,192,525
	20,343	Bank of Hawaii Corp		1,822,733
	59,015	Bank OZK		1,604,028
	45,310	BankUnited		1,495,230
	15,588	BOK Financial Corp		1,229,893
	42,125	CIT Group, Inc		1,925,534
	1,087,572	Citigroup, Inc		80,926,232
	213,361	Citizens Financial Group, Inc		7,954,098
	68,901	Comerica, Inc		4,213,985
	49,819	Commerce Bancshares, Inc		3,370,754
	28,382	Cullen/Frost Bankers, Inc		2,530,539
	69,181	East West Bancorp, Inc		3,171,257
	355,524	Fifth Third Bancorp		10,114,658
	3,773	First Citizens Bancshares, Inc (Class A)		1,987,692
	65,206	First Hawaiian, Inc		1,894,886
	155,445	First Horizon National Corp		2,487,120
	68,922	First Republic Bank		7,642,071
	153,851	FNB Corp		1,795,441
	507,897	Huntington Bancshares, Inc		6,892,162
	1,554,779	JPMorgan Chase & Co		205,790,548
	481,411	Keycorp		9,007,200
	65,600	M&T Bank Corp		11,054,912
	183,122	MGIC Investment Corp		2,525,252
	229,495	New York Community Bancorp, Inc		2,538,215
	61,397	PacWest Bancorp		2,151,965
	219,945	People’s United Financial, Inc		3,391,552
	35,717	Pinnacle Financial Partners, Inc		2,109,446
	217,933	PNC Financial Services Group, Inc		32,373,947
	50,287	Popular, Inc		2,814,060
	40,521	Prosperity Bancshares, Inc		2,844,574
	473,724	Regions Financial Corp		7,375,883
	13,044	Signature Bank		1,850,813

201

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	98,805		Sterling Bancorp/DE	$	1,976,100
	23,853	*	SVB Financial Group		5,732,591
	66,857		Synovus Financial Corp		2,341,332
	73,360		TCF Financial Corp		3,101,661
	23,912	*	Texas Capital Bancshares, Inc		1,314,204
	28,553		TFS Financial Corp		583,338
	669,761		Truist Financial Corp		34,539,575
	104,464		Umpqua Holdings Corp		1,765,442
	714,669		US Bancorp		38,034,684
	43,805		Webster Financial Corp		1,965,092
	1,899,841		Wells Fargo & Co		89,178,537
	41,636		Western Alliance Bancorp		2,299,556
	26,591		Wintrust Financial Corp		1,682,678
	82,495		Zions Bancorporation		3,752,698
			TOTAL BANKS		751,851,827
CAPITAL GOODS - 7.3%
	65,045		3M Co		10,320,040
	55,206		A.O. Smith Corp		2,356,744
	13,943		Acuity Brands, Inc		1,643,461
	78,189	*	Aecom Technology Corp		3,771,055
	30,445		AGCO Corp		2,135,412
	45,484		Air Lease Corp		1,953,083
	11,012		Allegion plc		1,424,072
	22,227		Ametek, Inc		2,159,353
	190,678		Arconic, Inc		5,710,806
	11,597		BWX Technologies, Inc		737,453
	3,589		Carlisle Cos, Inc		560,709
	245,978		Caterpillar, Inc		32,309,210
	47,126	*	Colfax Corp		1,656,950
	24,669		Crane Co		2,108,213
	74,773		Cummins, Inc		11,961,437
	20,925		Curtiss-Wright Corp		3,043,123
	138,685		Deere & Co		21,992,667
	40,798		Dover Corp		4,644,852
	205,089		Eaton Corp		19,374,758
	276,530		Emerson Electric Co		19,807,844
	25,913		Fastenal Co		903,845
	53,257		Flowserve Corp		2,486,037
	75,798		Fluor Corp		1,356,026
	114,492		Fortive Corp		8,578,886
	48,936		Fortune Brands Home & Security, Inc		3,362,393
	68,359	*	Gardner Denver Holdings, Inc		2,413,756
	21,166	*	Gates Industrial Corp plc		263,940
	117,640		General Dynamics Corp		20,638,762
	4,318,918		General Electric Co		53,770,529
	36,334		GrafTech International Ltd		389,864
	86,291	*	HD Supply Holdings, Inc		3,515,495
	2,707		Hexcel Corp		200,914
	184,068		Honeywell International, Inc		31,884,259
	11,612		Hubbell, Inc		1,663,187
	3,979		Huntington Ingalls		1,038,519
	19,291		IDEX Corp		3,160,830
	6,779		Ingersoll-Rand plc		903,166

202

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	43,797		ITT, Inc	$	2,937,903
	65,214		Jacobs Engineering Group, Inc		6,034,251
	387,492		Johnson Controls International plc		15,286,559
	54,597		L3Harris Technologies, Inc		12,083,954
	1,582		Lennox International, Inc		368,574
	1,637		Lincoln Electric Holdings, Inc		145,988
	139,929		Masco Corp		6,649,426
	20,810		MSC Industrial Direct Co (Class A)		1,416,537
	1,922		Nordson Corp		324,549
	77,178		nVent Electric plc		1,921,732
	34,940		Oshkosh Corp		3,006,238
	52,263		Owens Corning, Inc		3,161,389
	169,046		PACCAR, Inc		12,544,904
	63,613		Parker-Hannifin Corp		12,448,428
	82,397		Pentair plc		3,537,303
	53,002		Quanta Services, Inc		2,075,028
	53,522		Raytheon Co		11,825,151
	20,839		Regal-Beloit Corp		1,635,028
	66,705	*	Resideo Technologies, Inc		679,057
	43,324		Roper Technologies Inc		16,535,038
	43,893	*	Sensata Technologies Holding plc		2,074,822
	27,509		Snap-On, Inc		4,391,262
	4,908		Spirit Aerosystems Holdings, Inc (Class A)		320,591
	74,308		Stanley Black & Decker, Inc		11,839,494
	17,468	*	Teledyne Technologies, Inc		6,376,868
	115,517		Textron, Inc		5,305,696
	32,939		Timken Co		1,730,286
	4,772		TransDigm Group, Inc		3,069,732
	50,750		Trinity Industries, Inc		1,031,747
	10,900	*	United Rentals, Inc		1,479,021
	404,473		United Technologies Corp		60,751,845
	84,596	*	Univar Solutions Inc		1,823,044
	11,005		Valmont Industries, Inc		1,563,370
	5,412	*	WABCO Holdings, Inc		734,138
	63,442		Wabtec Corp		4,685,826
	16,523		Watsco, Inc		2,873,680
	23,292	*	WESCO International, Inc		1,127,566
	4,749		Woodward Inc		552,356
			TOTAL CAPITAL GOODS		512,550,031
COMMERCIAL & PROFESSIONAL SERVICES - 0.5%
	50,297	e	ADT, Inc		311,842
	24,532	*	Clean Harbors, Inc		2,017,021
	8,782		Equifax, Inc		1,316,422
	8,507	*	IAA, Inc		402,041
	73,119	*	IHS Markit Ltd		5,766,164
	4,104		KAR Auction Services, Inc		86,266
	29,266		Manpower, Inc		2,677,546
	157,495		Nielsen NV		3,212,898
	98,554		Republic Services, Inc		9,367,558
	43,631	*	Stericycle, Inc		2,734,791
	45,783		Waste Management, Inc		5,571,791
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		33,464,340

203

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES				COMPANY	VALUE
CONSUMER DURABLES & APPAREL - 0.9%
	41,628			Brunswick Corp	$	2,616,320
	39,702		*	Capri Holdings Ltd		1,189,472
	11,733			Carter’s, Inc		1,244,519
	4,947			Columbia Sportswear Co		464,622
	166,122			DR Horton, Inc		9,834,422
	71,729		*	Garmin Ltd		6,954,127
	38,392			Hanesbrands, Inc		528,274
	66,356			Leggett & Platt, Inc		3,157,882
	2,777			Lennar Corp (B Shares)		145,820
	82,260			Lennar Corp (Class A)		5,458,774
	49,958	*,e		Mattel, Inc		730,885
	28,504		*	Mohawk Industries, Inc		3,753,407
	192,139			Newell Brands Inc		3,752,475
	2,851			Polaris Inc		261,836
	128,980			Pulte Homes, Inc		5,758,957
	36,166			PVH Corp		3,152,590
	24,114			Ralph Lauren Corp		2,736,939
	43,139		*	Skechers U.S.A., Inc (Class A)		1,612,967
	138,565			Tapestry, Inc		3,570,820
	64,280			Toll Brothers, Inc		2,851,461
	30,616		*	Under Armour, Inc (Class A)		617,831
	34,999		*	Under Armour, Inc (Class C)		628,582
	30,965			Whirlpool Corp		4,526,154
				TOTAL CONSUMER DURABLES & APPAREL		65,549,136
CONSUMER SERVICES - 2.0%
	121,403			ARAMARK Holdings Corp		5,358,728
	283,630		*	Caesars Entertainment Corp		3,877,222
	197,165			Carnival Corp		8,582,592
	9,061			Choice Hotels International, Inc		907,912
	2,598			Dunkin Brands Group, Inc		202,878
	89,479			Extended Stay America, Inc		1,156,069
	44,730		*	frontdoor, Inc		1,904,603
	1,998			Graham Holdings Co		1,097,342
	20,103		*	Grand Canyon Education, Inc		1,573,663
	86,625			H&R Block, Inc		2,009,700
	37,222		*	Hilton Grand Vacations, Inc		1,187,754
	18,848			Hyatt Hotels Corp		1,593,410
	44,024		e	International Game Technology plc		593,884
	88,191			Las Vegas Sands Corp		5,759,754
	315,225			McDonald’s Corp		67,448,693
	226,808			MGM Resorts International		7,044,657
	85,397		*	Norwegian Cruise Line Holdings Ltd		4,598,628
	85,417			Royal Caribbean Cruises Ltd		10,000,622
	58,401			Service Corp International		2,800,328
	58,316		*	ServiceMaster Global Holdings, Inc		2,102,292
	39,764			Six Flags Entertainment Corp		1,516,201
	2,050			Vail Resorts, Inc		480,746
	44,050			Wyndham Destinations, Inc		2,137,747
	32,085			Wyndham Hotels & Resorts, Inc		1,834,299
	8,023			Wynn Resorts Ltd		1,012,182

204

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	38,387		Yum China Holdings, Inc	$	1,653,328
	15,854		Yum! Brands, Inc		1,676,878
			TOTAL CONSUMER SERVICES		140,112,112
DIVERSIFIED FINANCIALS - 5.4%
	25,809		Affiliated Managers Group, Inc		2,060,849
	266,955		AGNC Investment Corp		4,962,693
	192,408		Ally Financial, Inc		6,162,828
	147,408		American Express Co		19,143,877
	54,844		Ameriprise Financial, Inc		9,071,746
	715,437		Annaly Capital Management, Inc		6,982,665
	407,923		Bank of New York Mellon Corp		18,266,792
	159,882		BGC Partners, Inc (Class A)		922,519
	59,273		BlackRock, Inc		31,257,617
	233,094		Capital One Financial Corp		23,262,781
	41,679		CBOE Global Markets, Inc		5,135,686
	229,521		Charles Schwab Corp		10,454,682
	89,998		Chimera Investment Corp		1,907,958
	176,547		CME Group, Inc		38,330,119
	665	*	Credit Acceptance Corp		285,272
	99,777		Discover Financial Services		7,496,246
	90,604		E*TRADE Financial Corp		3,861,542
	53,244		Eaton Vance Corp		2,435,913
	12,472		Evercore Inc		955,605
	141,528		Franklin Resources, Inc		3,580,658
	158,457		Goldman Sachs Group, Inc		37,673,152
	25,374		Interactive Brokers Group, Inc (Class A)		1,192,578
	164,419		IntercontinentalExchange Group, Inc		16,399,151
	192,422		Invesco Ltd		3,328,901
	71,440		iShares Russell 1000 Value Index Fund		9,541,526
	78,065		Janus Henderson Group plc		1,972,702
	133,792		Jefferies Financial Group, Inc		2,895,259
	32,000		Lazard Ltd (Class A)		1,342,720
	40,133		Legg Mason, Inc		1,571,207
	226,462		MFA Financial Inc		1,766,404
	577,940		Morgan Stanley		30,203,144
	56,137		Nasdaq Inc		6,537,715
	100,313		Navient Corp		1,442,501
	201,510		New Residential Investment Corp		3,373,277
	97,610		Northern Trust Corp		9,547,234
	33,765		OneMain Holdings, Inc		1,430,623
	46,213		Raymond James Financial, Inc		4,225,255
	55,519		Santander Consumer USA Holdings, Inc		1,477,916
	32,358		SEI Investments Co		2,111,683
	201,539		SLM Corp		2,200,806
	133,524		Starwood Property Trust, Inc		3,426,226
	181,045		State Street Corp		13,692,433
	237,648		Synchrony Financial		7,702,172
	80,158		T Rowe Price Group, Inc		10,703,498
	16,794		TD Ameritrade Holding Corp		797,379
	130,467		Two Harbors Investment Corp		1,990,926
	12,688		Virtu Financial, Inc		211,763
	61,444		Voya Financial, Inc		3,670,050
			TOTAL DIVERSIFIED FINANCIALS		378,966,249

205

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES				COMPANY	VALUE
ENERGY - 7.4%
	136,338		e	Antero Midstream Corp	$	687,143
	125,849		*	Antero Resources Corp		232,821
	187,936			Apache Corp		5,156,964
	40,680		*	Apergy Corp		1,051,985
	319,463			Baker Hughes a GE Co		6,919,569
	82,688			Cabot Oil & Gas Corp		1,165,074
	115,841		*	Centennial Resource Development, Inc		377,642
	50,363		*	Cheniere Energy, Inc		2,983,504
	720,650	*,e		Chesapeake Energy Corp		368,829
	950,477			Chevron Corp		101,834,106
	47,679			Cimarex Energy Co		2,092,631
	99,377			Concho Resources, Inc		7,530,789
	546,787			ConocoPhillips		32,495,551
	41,421			Continental Resources, Inc		1,127,480
	188,054		*	Devon Energy Corp		4,084,533
	64,047			Diamondback Energy, Inc		4,765,097
	288,057			EOG Resources, Inc		21,002,236
	120,447			EQT Corp		728,704
	87,262		e	Equitrans Midstream Corp		843,824
	2,110,544			Exxon Mobil Corp		131,106,993
	435,736			Halliburton Co		9,503,402
	53,611			Helmerich & Payne, Inc		2,173,926
	134,662			Hess Corp		7,617,829
	75,417			HollyFrontier Corp		3,387,732
	973,980			Kinder Morgan, Inc		20,326,963
	172,474			Kosmos Energy Ltd		881,342
	393,558			Marathon Oil Corp		4,474,754
	320,221			Marathon Petroleum Corp		17,452,044
	78,186			Murphy Oil Corp		1,638,779
	190,893			National Oilwell Varco, Inc		3,934,305
	236,637			Noble Energy, Inc		4,678,313
	444,700			Occidental Petroleum Corp		17,663,484
	138,429			ONEOK, Inc		10,364,179
	67,546			Parsley Energy, Inc		1,123,965
	104,987			Patterson-UTI Energy, Inc		833,597
	56,910			PBF Energy, Inc		1,553,643
	223,884			Phillips 66		20,456,281
	47,104			Pioneer Natural Resources Co		6,359,040
	100,495		e	Range Resources Corp		301,485
	690,453			Schlumberger Ltd		23,137,080
	111,673			Targa Resources Investments, Inc		4,076,064
	282,483		*	Transocean Ltd		1,288,122
	203,590			Valero Energy Corp		17,164,673
	604,526			Williams Cos, Inc		12,507,643
	197,727		*	WPX Energy, Inc		2,362,838
				TOTAL ENERGY		521,816,958
FOOD & STAPLES RETAILING - 1.7%
	13,068			Casey’s General Stores, Inc		2,102,118
	13,823		*	Grocery Outlet Holding Corp		452,565
	395,131			Kroger Co		10,613,219

206

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES				COMPANY	VALUE
	29,582		*	Sprouts Farmers Market, Inc	$	462,367
	108,783		*	US Foods Holding Corp		4,369,813
	374,035			Walgreens Boots Alliance, Inc		19,019,680
	700,004			Walmart, Inc		80,143,458
				TOTAL FOOD & STAPLES RETAILING		117,163,220
FOOD, BEVERAGE & TOBACCO - 4.3%
	477,853			Altria Group, Inc		22,712,353
	274,830			Archer-Daniels-Midland Co		12,301,391
	25,068	*,e		Beyond Meat, Inc		2,768,009
	1,592			Brown-Forman Corp (Class A)		102,318
	5,411			Brown-Forman Corp (Class B)		366,000
	66,798			Bunge Ltd		3,502,219
	38,815			Campbell Soup Co		1,878,258
	609,285			Coca-Cola Co		35,582,244
	241,660			ConAgra Brands, Inc		7,955,447
	78,301			Constellation Brands, Inc (Class A)		14,744,078
	92,814			Flowers Foods, Inc		1,998,285
	298,400			General Mills, Inc		15,582,448
	43,423		*	Hain Celestial Group, Inc		1,051,271
	8,791			Hershey Co		1,364,099
	138,584			Hormel Foods Corp		6,549,480
	33,925			Ingredion, Inc		2,985,400
	53,908			J.M. Smucker Co		5,585,408
	75,576			Kellogg Co		5,155,039
	104,413			Keurig Dr Pepper, Inc		2,978,903
	311,774			Kraft Heinz Co		9,103,801
	54,389			Lamb Weston Holdings, Inc		4,966,260
	21,942			McCormick & Co, Inc		3,584,664
	85,949			Molson Coors Brewing Co (Class B)		4,777,045
	709,549			Mondelez International, Inc		40,713,921
	112,510			PepsiCo, Inc		15,978,670
	775,281			Philip Morris International, Inc		64,115,739
	16,394		*	Pilgrim’s Pride Corp		427,064
	17,054		*	Post Holdings, Inc		1,783,337
	137			Seaboard Corp		528,219
	21,985		*	TreeHouse Foods, Inc		980,531
	144,259			Tyson Foods, Inc (Class A)		11,920,121
				TOTAL FOOD, BEVERAGE & TOBACCO		304,042,022
HEALTH CARE EQUIPMENT & SERVICES - 6.0%
	485,738			Abbott Laboratories		42,327,209
	41,737		*	Acadia Healthcare Co, Inc		1,341,010
	89,817			Anthem, Inc		23,826,654
	126,436			Baxter International, Inc		11,280,620
	122,525			Becton Dickinson & Co		33,716,430
	7,619			Cantel Medical Corp		495,692
	146,109			Cardinal Health, Inc		7,482,242
	40,471		*	Centene Corp		2,541,983
	11,580	*,e		Change Healthcare, Inc		179,722
	126,338			Cigna Corp		24,304,904
	20,644			Cooper Cos, Inc		7,161,197
	62,519		*	Covetrus, Inc		768,984
	648,319			CVS Health Corp		43,968,995

207

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	289,935		Danaher Corp	$	46,641,843
	48,649	*	DaVita, Inc		3,885,596
	111,267		Dentsply Sirona, Inc		6,230,952
	23,059		Encompass Health Corp		1,776,235
	24,996	*	Envista Holdings Corp		739,632
	54,813		HCA Healthcare, Inc		7,608,044
	64,384	*	Henry Schein, Inc		4,438,633
	15,391		Hill-Rom Holdings, Inc		1,638,988
	24,900	*	Hologic, Inc		1,332,648
	37,735		Humana, Inc		12,688,016
	6,367	*	ICU Medical, Inc		1,161,786
	37,078	*	Integra LifeSciences Holdings Corp		2,040,773
	44,919	*	Laboratory Corp of America Holdings		7,878,793
	80,172		McKesson Corp		11,433,329
	36,929	*	MEDNAX, Inc		851,952
	668,867		Medtronic plc		77,214,006
	7,961	*	Molina Healthcare, Inc		978,964
	30,331	*	Premier, Inc		1,054,609
	66,343		Quest Diagnostics, Inc		7,342,180
	39,071		STERIS plc		5,887,609
	39,678		Universal Health Services, Inc (Class B)		5,440,250
	8,476		West Pharmaceutical Services, Inc		1,321,832
	102,721		Zimmer Biomet Holdings, Inc		15,192,436
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		424,174,748
HOUSEHOLD & PERSONAL PRODUCTS - 3.0%
	11,282		Clorox Co		1,774,771
	418,292		Colgate-Palmolive Co		30,861,584
	149,425		Coty, Inc		1,533,100
	30,341		Energizer Holdings, Inc		1,403,575
	41,526	*	Herbalife Nutrition Ltd		1,613,285
	170,257		Kimberly-Clark Corp		24,387,613
	26,164		Nu Skin Enterprises, Inc (Class A)		852,685
	1,160,776		Procter & Gamble Co		144,655,905
	19,865		Spectrum Brands Holdings, Inc		1,219,910
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		208,302,428
INSURANCE - 7.5%
	360,996		Aflac, Inc		18,616,564
	6,250		Alleghany Corp		4,985,375
	160,648		Allstate Corp		19,043,214
	35,972		American Financial Group, Inc		3,913,394
	433,725		American International Group, Inc		21,799,018
	3,746		American National Insurance Co		412,659
	164,154	*	Arch Capital Group Ltd		7,249,041
	71,283		Arthur J. Gallagher & Co		7,311,497
	29,880		Assurant, Inc		3,901,133
	48,567		Assured Guaranty Ltd		2,226,311
	43,111	*	Athene Holding Ltd		1,877,915
	38,127		Axis Capital Holdings Ltd		2,449,660
	975,306	*	Berkshire Hathaway, Inc (Class B)		218,887,926
	57,161	*	Brighthouse Financial, Inc		2,223,563
	109,718		Brown & Brown, Inc		4,926,338

208

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	224,349		Chubb Ltd	$	34,098,805
	74,367		Cincinnati Financial Corp		7,804,817
	15,029		CNA Financial Corp		670,744
	4,075		Erie Indemnity Co (Class A)		678,488
	14,114		Everest Re Group Ltd		3,903,509
	129,907		Fidelity National Financial Inc		6,332,966
	56,239		First American Financial Corp		3,485,693
	53,841		Globe Life, Inc		5,613,463
	19,146		Hanover Insurance Group, Inc		2,653,253
	180,465		Hartford Financial Services Group, Inc		10,697,965
	26,411		Kemper Corp		1,965,507
	99,470		Lincoln National Corp		5,419,126
	129,153		Loews Corp		6,644,922
	6,226	*	Markel Corp		7,302,911
	31,392		Marsh & McLennan Cos, Inc		3,511,509
	15,311		Mercury General Corp		751,617
	390,670		Metlife, Inc		19,420,206
	134,175		Old Republic International Corp		3,025,646
	5,575		Primerica, Inc		660,972
	137,758		Principal Financial Group		7,294,286
	195,364		Progressive Corp		15,763,921
	201,891		Prudential Financial, Inc		18,384,194
	31,004		Reinsurance Group of America, Inc (Class A)		4,466,126
	13,901		RenaissanceRe Holdings Ltd		2,633,405
	107,432		Travelers Cos, Inc		14,140,200
	102,028		Unum Group		2,723,127
	70,588		W.R. Berkley Corp		5,190,336
	1,631		White Mountains Insurance Group Ltd		1,822,186
	64,508		Willis Towers Watson plc		13,629,895
			TOTAL INSURANCE		530,513,403
MATERIALS - 4.0%
	94,212		Air Products & Chemicals, Inc		22,489,346
	52,664		Albemarle Corp		4,227,866
	88,005	*	Alcoa Corp		1,227,670
	19,718		Aptargroup, Inc		2,277,626
	13,095		Ardagh Group S.A.		249,853
	29,581		Ashland Global Holdings, Inc		2,188,402
	2,611		Avery Dennison Corp		342,668
	68,094	*	Axalta Coating Systems Ltd		1,961,788
	38,711	*	Berry Global Group, Inc		1,645,992
	28,903		Cabot Corp		1,151,785
	60,289		Celanese Corp (Series A)		6,239,911
	98,899		CF Industries Holdings, Inc		3,983,652
	91,405		Chemours Co		1,267,787
	372,418		Corteva, Inc		10,770,329
	29,064	*	Crown Holdings, Inc		2,151,608
	29,752		Domtar Corp		1,035,965
	374,361		Dow, Inc		17,246,811
	368,348		DuPont de Nemours, Inc		18,852,051
	3,794		Eagle Materials, Inc		345,899
	68,313		Eastman Chemical Co		4,868,667
	67,155	*	Element Solutions, Inc		785,713
	64,943		FMC Corp		6,207,901

209

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES				COMPANY	VALUE
	724,540			Freeport-McMoRan, Inc (Class B)	$	8,042,394
	141,044			Graphic Packaging Holding Co		2,204,518
	104,228			Huntsman Corp		2,142,928
	54,038		e	International Flavors & Fragrances, Inc		7,084,922
	193,972			International Paper Co		7,898,540
	267,976			Linde plc		54,433,965
	130,891			LyondellBasell Industries NV		10,191,173
	21,498			Martin Marietta Materials, Inc		5,671,172
	174,288			Mosaic Co		3,457,874
	346			NewMarket Corp		152,108
	408,602			Newmont Goldcorp Corp		18,411,606
	153,024			Nucor Corp		7,267,110
	80,924			Olin Corp		1,203,340
	46,541			Packaging Corp of America		4,456,301
	78,009			PPG Industries, Inc		9,348,599
	33,087			Reliance Steel & Aluminum Co		3,798,388
	22,949			Royal Gold, Inc		2,646,479
	53,048			RPM International, Inc		3,786,036
	74,176			Sealed Air Corp		2,633,248
	36,431			Silgan Holdings, Inc		1,124,261
	49,582			Sonoco Products Co		2,833,115
	10,887			Southern Copper Corp		410,222
	101,254			Steel Dynamics, Inc		3,025,469
	79,058		e	United States Steel Corp		717,056
	91,578			Valvoline, Inc		1,930,464
	4,954			Vulcan Materials Co		701,635
	16,830			Westlake Chemical Corp		1,029,996
	124,671			WestRock Co		4,862,169
				TOTAL MATERIALS		282,984,378
MEDIA & ENTERTAINMENT - 4.2%
	357,461			Activision Blizzard, Inc		20,904,319
	31,527		*	Charter Communications, Inc		16,313,961
	51,613			Cinemark Holdings, Inc		1,626,326
	1,191,457			Comcast Corp (Class A)		51,459,028
	75,719	*,e		Discovery, Inc (Class A)		2,215,538
	171,572		*	Discovery, Inc (Class C)		4,764,554
	128,514		*	DISH Network Corp (Class A)		4,724,175
	13,658		*	Electronic Arts, Inc		1,473,971
	156,478			Fox Corp (Class A)		5,802,204
	76,529			Fox Corp (Class B)		2,780,299
	47,933		*	GCI Liberty, Inc		3,507,737
	15,607		*	IAC/InterActiveCorp		3,801,709
	172,325			Interpublic Group of Cos, Inc		3,911,778
	19,787			John Wiley & Sons, Inc (Class A)		863,109
	11,807		*	Liberty Broadband Corp (Class A)		1,553,683
	53,056		*	Liberty Broadband Corp (Class C)		7,052,734
	13,075	*,e		Liberty Media Group (Class A)		582,491
	98,507		*	Liberty Media Group (Class C)		4,609,143
	40,163		*	Liberty SiriusXM Group (Class A)		1,950,717
	77,319		*	Liberty SiriusXM Group (Class C)		3,790,177
	21,744		e	Lions Gate Entertainment Corp (Class A)		215,918
	59,366			Lions Gate Entertainment Corp (Class B)		553,885

210

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES				COMPANY	VALUE
	8,191		*	Madison Square Garden Co	$	2,426,092
	62,949			New York Times Co (Class A)		2,014,998
	193,784			News Corp (Class A)		2,639,338
	54,335			News Corp (Class B)		759,060
	4,820			Nexstar Media Group Inc		583,943
	77,063			O-I Glass, Inc		972,535
	51,255			Omnicom Group, Inc		3,860,014
	1,748			Sinclair Broadcast Group, Inc (Class A)		52,300
	30,349		*	Take-Two Interactive Software, Inc		3,782,699
	4,925			TripAdvisor, Inc		134,551
	3,286			ViacomCBS, Inc (Class A)		124,802
	119,423			ViacomCBS, Inc (Class B)		4,075,907
	870,472			Walt Disney Co		120,394,982
	27,368		*	Zillow Group, Inc (Class A)		1,264,402
	62,746	*,e		Zillow Group, Inc (Class C)		2,899,493
	347,843		*	Zynga, Inc		2,094,015
				TOTAL MEDIA & ENTERTAINMENT		292,536,587
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.0%
	2,345		*	Adaptive Biotechnologies Corp		70,127
	137,230			Agilent Technologies, Inc		11,329,709
	29,231		*	Agios Pharmaceuticals, Inc		1,424,427
	25,031		*	Alexion Pharmaceuticals, Inc		2,487,831
	73,234		*	Alkermes plc		1,275,004
	164,131			Allergan plc		30,633,410
	8,234		*	Alnylam Pharmaceuticals, Inc		945,181
	24,208			Amgen, Inc		5,230,138
	45,073		*	Avantor, Inc		832,498
	58,917		*	Biogen, Inc		15,839,836
	10,461		*	Bio-Rad Laboratories, Inc (Class A)		3,775,584
	27,772		*	Bluebird Bio, Inc		2,213,151
	483,442			Bristol-Myers Squibb Co		30,432,674
	72,754		*	Catalent, Inc		4,445,269
	196,651		*	Elanco Animal Health, Inc		6,076,516
	94,742		*	Exelixis, Inc		1,629,562
	542,895			Gilead Sciences, Inc		34,310,964
	83,920		*	Horizon Therapeutics Plc		2,894,401
	50,403		*	IQVIA Holdings, Inc		7,825,066
	2,269		*	Jazz Pharmaceuticals plc		325,261
	1,124,507			Johnson & Johnson		167,405,357
	66,219			Merck & Co, Inc		5,657,751
	9,839	*,e		Moderna, Inc		201,798
	253,619		*	Mylan NV		5,432,519
	78,387		*	Nektar Therapeutics		1,559,118
	43,462		*	PerkinElmer, Inc		4,019,366
	64,857			Perrigo Co plc		3,699,443
	2,773,693			Pfizer, Inc		103,292,327
	110,772		*	QIAGEN NV		3,741,878
	32,390		*	Regeneron Pharmaceuticals, Inc		10,945,877
	63,391			Thermo Fisher Scientific, Inc		19,853,427
	22,178		*	United Therapeutics Corp		2,166,125
				TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		491,971,595

211

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
REAL ESTATE - 5.3%
	56,116		Alexandria Real Estate Equities, Inc	$	9,158,131
	68,810		American Campus Communities, Inc		3,156,315
	69,686		American Homes 4 Rent		1,904,518
	71,205		Apartment Investment & Management Co		3,753,216
	106,553		Apple Hospitality REIT, Inc		1,600,426
	69,057		AvalonBay Communities, Inc		14,963,961
	76,693		Boston Properties, Inc		10,993,942
	79,382		Brandywine Realty Trust		1,239,947
	143,073		Brixmor Property Group, Inc		2,855,737
	46,346		Camden Property Trust		5,210,681
	108,039	*	CBRE Group, Inc		6,595,781
	234,685		Colony Capital, Inc		1,095,979
	55,300		Columbia Property Trust, Inc		1,166,830
	3,669		Coresite Realty		430,924
	52,095		Corporate Office Properties Trust		1,550,868
	69,400		Cousins Properties, Inc		2,840,542
	98,838		CubeSmart		3,130,199
	57,897		CyrusOne, Inc		3,523,032
	103,267		Digital Realty Trust, Inc		12,700,808
	81,550		Douglas Emmett, Inc		3,384,325
	181,495		Duke Realty Corp		6,590,083
	66,308		Empire State Realty Trust, Inc		899,137
	37,628		EPR Properties		2,685,510
	62,456		Equity Commonwealth		2,047,932
	181,231		Equity Residential		15,056,671
	32,569		Essex Property Trust, Inc		10,088,573
	10,963		Extra Space Storage, Inc		1,213,385
	36,123		Federal Realty Investment Trust		4,516,097
	101,389		Gaming and Leisure Properties, Inc		4,791,137
	104,350		Healthcare Trust of America, Inc		3,342,331
	241,205		Healthpeak Properties Inc		8,680,968
	49,753		Highwoods Properties, Inc		2,493,123
	358,255		Host Hotels and Resorts, Inc		5,853,887
	14,482	*	Howard Hughes Corp		1,762,170
	72,567		Hudson Pacific Properties		2,637,085
	267,957		Invitation Homes, Inc		8,432,607
	126,850		Iron Mountain, Inc		4,009,729
	59,307		JBG SMITH Properties		2,404,899
	22,823		Jones Lang LaSalle, Inc		3,875,802
	52,002		Kilroy Realty Corp		4,293,805
	202,441		Kimco Realty Corp		3,856,501
	77,547		Liberty Property Trust		4,858,320
	24,364		Life Storage, Inc		2,757,518
	70,877		Macerich Co		1,581,266
	255,315		Medical Properties Trust, Inc		5,655,227
	55,549		Mid-America Apartment Communities, Inc		7,621,878
	84,792		National Retail Properties, Inc		4,748,352
	106,636		Omega Healthcare Investors, Inc		4,473,380
	63,834		Outfront Media, Inc		1,898,423
	107,631		Paramount Group, Inc		1,513,292
	117,115		Park Hotels & Resorts, Inc		2,569,503
	312,299		Prologis, Inc		29,006,331
	18,030		Public Storage, Inc		4,034,393

212

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	67,430		Rayonier, Inc	$	2,048,523
	162,823		Realty Income Corp		12,766,951
	82,672		Regency Centers Corp		5,128,971
	108,149		Retail Properties of America, Inc		1,314,010
	83,455		Service Properties Trust		1,800,959
	18,086		Simon Property Group, Inc		2,408,151
	81,042		SITE Centers Corp		1,030,044
	40,841		SL Green Realty Corp		3,759,006
	50,025		Spirit Realty Capital, Inc		2,640,320
	104,413		STORE Capital Corp		4,098,210
	34,734		Sun Communities, Inc		5,632,813
	32,857		Taubman Centers, Inc		868,082
	135,156		UDR, Inc		6,475,324
	185,956		Ventas, Inc		10,759,414
	524,025		VEREIT, Inc		5,114,484
	235,224		VICI Properties, Inc		6,304,003
	84,877		Vornado Realty Trust		5,582,360
	58,879		Weingarten Realty Investors		1,713,379
	201,524		Welltower, Inc		17,111,403
	370,693		Weyerhaeuser Co		10,731,562
	85,149		WP Carey, Inc		7,162,734
			TOTAL REAL ESTATE		375,956,180
RETAILING - 2.0%
	24,759		Advance Auto Parts, Inc		3,261,998
	25,719	*	Autonation, Inc		1,091,514
	89,734		Best Buy Co, Inc		7,599,573
	44,014	*	CarMax, Inc		4,271,119
	33,037		Dick’s Sporting Goods, Inc		1,461,227
	8,698		Dollar General Corp		1,334,360
	53,269	*	Dollar Tree, Inc		4,638,132
	8,664		Expedia Group Inc		939,611
	53,267		Foot Locker, Inc		2,022,548
	108,581		Gap, Inc		1,890,395
	69,889		Genuine Parts Co		6,539,514
	236,505		Home Depot, Inc		53,946,790
	77,525		Kohl’s Corp		3,314,194
	93,252		L Brands, Inc		2,159,716
	128,737	*	LKQ Corp		4,207,769
	153,838	e	Macy’s, Inc		2,453,716
	19,001		Penske Auto Group, Inc		892,477
	197,059	*	Qurate Retail Group, Inc QVC Group		1,680,913
	235,106		Target Corp		26,035,638
	59,973		Tiffany & Co		8,037,581
	34,753	*	Urban Outfitters, Inc		889,677
	33,375		Williams-Sonoma, Inc		2,338,920
			TOTAL RETAILING		141,007,382
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.6%
	157,775		Analog Devices, Inc		17,315,806
	213,844		Applied Materials, Inc		12,400,814
	49,324	*	Cree, Inc		2,293,073
	182,516		Cypress Semiconductor Corp		4,258,098
	39,717	*	First Solar, Inc		1,969,169

213

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	2,170,770		Intel Corp	$	138,777,326
	8,719		Lam Research Corp		2,600,093
	327,650		Marvell Technology Group Ltd		7,876,706
	84,263		Maxim Integrated Products, Inc		5,065,892
	83,971		Microchip Technology, Inc		8,185,493
	550,262	*	Micron Technology, Inc		29,213,410
	27,900		MKS Instruments, Inc		2,924,478
	204,149	*	ON Semiconductor Corp		4,726,049
	57,890	*	Qorvo, Inc		6,128,235
	80,701		Skyworks Solutions, Inc		9,131,318
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		252,865,960
SOFTWARE & SERVICES - 1.6%
	22,447	*	2U, Inc		444,675
	7,404	*	Akamai Technologies, Inc		691,164
	16,969		Alliance Data Systems Corp		1,744,244
	68,443		Amdocs Ltd		4,924,474
	25,053	*	Autodesk, Inc		4,931,683
	12,507	*	CACI International, Inc (Class A)		3,344,872
	18,491	*	Cerence Inc		394,783
	8,911	*	Ceridian HCM Holding, Inc		653,087
	6,583		Citrix Systems, Inc		797,991
	250,830		Cognizant Technology Solutions Corp (Class A)		15,395,945
	36,186		CoreLogic Inc		1,682,649
	125,091		DXC Technology Co		3,987,901
	10,990	*	Dynatrace, Inc		344,097
	117,740		Fidelity National Information Services, Inc		16,914,528
	174,786		International Business Machines Corp		25,121,992
	4,285		Jack Henry & Associates, Inc		640,779
	67,117		Leidos Holdings, Inc		6,743,245
	23,387		LogMeIn, Inc		2,010,580
	285,175		NortonLifelock, Inc		8,104,674
	136,205	*	Nuance Communications, Inc		2,576,999
	117,497		Sabre Corp		2,530,885
	21,717	*	SolarWinds Corp		410,886
	11,517		SS&C Technologies Holdings, Inc		725,686
	15,642	*	VeriSign, Inc		3,255,726
	161,877		Western Union Co		4,354,491
			TOTAL SOFTWARE & SERVICES		112,728,036
TECHNOLOGY HARDWARE & EQUIPMENT - 1.3%
	41,717	*	Arrow Electronics, Inc		3,167,989
	51,078		Avnet, Inc		1,863,836
	78,494	*	Ciena Corp		3,192,351
	12,668	*	Coherent, Inc		1,791,635
	90,467	*	CommScope Holding Co, Inc		1,102,340
	254,321		Corning, Inc		6,787,828
	19,958	*	Dell Technologies, Inc		973,352
	25,954		Dolby Laboratories, Inc (Class A)		1,799,650
	25,298	*	EchoStar Corp (Class A)		1,009,517
	2,109	*	F5 Networks, Inc		257,551
	62,093		FLIR Systems, Inc		3,200,273
	656,915		Hewlett Packard Enterprise Co		9,150,826

214

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	701,144		HP, Inc	$	14,948,390
	15,770	*	IPG Photonics Corp		2,013,356
	60,982		Jabil Inc		2,371,590
	165,800		Juniper Networks, Inc		3,803,452
	11,406		Littelfuse, Inc		2,017,835
	21,676		Motorola Solutions, Inc		3,836,652
	58,581		National Instruments Corp		2,614,470
	21,177		Synnex Corp		2,917,344
	104,617	*	Trimble Inc		4,448,315
	29,166	*	Viasat, Inc		1,856,416
	147,352		Western Digital Corp		9,651,556
	88,762		Xerox Holdings Corp		3,157,264
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		87,933,788
TELECOMMUNICATION SERVICES - 3.9%
	3,639,747		AT&T, Inc		136,927,282
	551,572		CenturyLink, Inc		7,534,474
	270,163	*	Sprint Corp		1,180,612
	46,537		Telephone & Data Systems, Inc		1,055,459
	76,461	*	T-Mobile US, Inc		6,054,947
	7,672	*	US Cellular Corp		245,657
	2,063,172		Verizon Communications, Inc		122,634,944
			TOTAL TELECOMMUNICATION SERVICES		275,633,375
TRANSPORTATION - 2.0%
	34,407		Alaska Air Group, Inc		2,222,348
	4,222		Amerco, Inc		1,567,502
	178,526	e	American Airlines Group, Inc		4,791,638
	15,094		CH Robinson Worldwide, Inc		1,090,089
	16,110		Copa Holdings S.A. (Class A)		1,578,136
	237,594		CSX Corp		18,137,926
	228,513		Delta Air Lines, Inc		12,737,315
	23,553		Expeditors International of Washington, Inc		1,720,311
	119,660		FedEx Corp		17,307,622
	28,629		JB Hunt Transport Services, Inc		3,089,928
	130,018	*	JetBlue Airways Corp		2,578,257
	49,477		Kansas City Southern		8,346,275
	30,539	*	Kirby Corp		2,238,203
	61,417	e	Knight-Swift Transportation Holdings, Inc		2,277,342
	1,639		Landstar System, Inc		181,519
	87,728	*	Lyft, Inc (Class A)		4,165,325
	37,747		Macquarie Infrastructure Co LLC		1,665,020
	112,057		Norfolk Southern Corp		23,331,388
	19,112		Old Dominion Freight Line		3,750,348
	26,526		Ryder System, Inc		1,265,821
	30,139		Schneider National, Inc		671,195
	94,119		Southwest Airlines Co		5,174,663
	421,348	*	Uber Technologies, Inc		15,290,719
	89,412	*	United Airlines Holdings Inc		6,688,018
	18,449	*	XPO Logistics, Inc		1,640,485
			TOTAL TRANSPORTATION		143,507,393

215

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES				COMPANY	VALUE
UTILITIES - 7.3%
	326,654			AES Corp	$	6,487,348
	119,795			Alliant Energy Corp		7,111,031
	120,607			Ameren Corp		9,895,804
	246,625			American Electric Power Co, Inc		25,703,258
	90,429			American Water Works Co, Inc		12,316,430
	59,653			Atmos Energy Corp		6,981,191
	30,591			Avangrid, Inc		1,629,277
	251,464			Centerpoint Energy, Inc		6,658,767
	140,292			CMS Energy Corp		9,611,405
	164,757			Consolidated Edison, Inc		15,487,158
	409,307			Dominion Energy Inc		35,098,075
	92,624			DTE Energy Co		12,282,869
	364,064			Duke Energy Corp		35,543,568
	174,808			Edison International		13,381,552
	99,423			Entergy Corp		13,076,113
	207,351			Equitable Holdings, Inc		4,980,571
	108,063		*	Essential Utilities Inc		5,612,792
	111,784			Evergy, Inc		8,066,333
	161,738			Eversource Energy		14,951,061
	482,566			Exelon Corp		22,965,316
	257,584			FirstEnergy Corp		13,082,691
	55,498			Hawaiian Electric Industries, Inc		2,714,407
	25,870			Idacorp, Inc		2,902,355
	99,492			MDU Resources Group, Inc		2,945,958
	40,422			National Fuel Gas Co		1,745,826
	243,377			NextEra Energy, Inc		65,273,712
	183,405			NiSource, Inc		5,375,601
	124,059			NRG Energy, Inc		4,576,537
	99,113			OGE Energy Corp		4,544,331
	258,566	*,b		PG&E Corp		3,932,789
	56,997			Pinnacle West Capital Corp		5,568,037
	361,689			PPL Corp		13,089,525
	252,756			Public Service Enterprise Group, Inc		14,963,155
	140,017			Sempra Energy		22,492,331
	519,700			Southern Co		36,586,880
	101,668			UGI Corp		4,228,372
	211,293			Vistra Energy Corp		4,758,318
	156,257			WEC Energy Group, Inc		15,608,512
	258,832			Xcel Energy, Inc		17,908,586
				TOTAL UTILITIES		510,137,842
				TOTAL COMMON STOCKS		7,021,105,521
				(Cost $5,640,125,219)

PRINCIPAL		ISSUER	RATE		MATURITY DATE
SHORT-TERM INVESTMENTS - 0.4%
GOVERNMENT AGENCY DEBT - 0.1%
$	9,310,000	Federal Home Loan Bank (FHLB)	1.500	%	02/03/20	9,310,000
		TOTAL GOVERNMENT AGENCY DEBT				9,310,000

216

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3%
	17,766,253	c	State Street Navigator Securities Lending Government Money Market Portfolio	$	17,766,253
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		17,766,253
			TOTAL SHORT-TERM INVESTMENTS		27,076,253
			(Cost $27,075,477)
			TOTAL INVESTMENTS - 100.2%		7,048,181,774
			(Cost $5,667,200,696)
			OTHER ASSETS & LIABILITIES, NET - (0.2)%		(16,127,361	)
			NET ASSETS - 100.0%	$	7,032,054,413
			Abbreviation(s):
			REIT    Real Estate Investment Trust
		*	Non-income producing
b			In bankruptcy
c			Investments made with cash collateral received from securities on loan.
e			All or a portion of these securities are out on loan. The aggregate value of securities on loan is $23,273,717.

217

TIAA-CREF FUNDS - S&P 500 Index Fund

TIAA-CREF FUNDS

S&P 500 INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.60%
AUTOMOBILES & COMPONENTS - 0.4%
	56,583		Aptiv plc	$	4,797,673
	47,605		BorgWarner, Inc		1,632,375
	885,926		Ford Motor Co		7,813,867
	278,684		General Motors Co		9,305,259
	34,720		Harley-Davidson, Inc		1,159,648
			TOTAL AUTOMOBILES & COMPONENTS		24,708,822
BANKS - 5.2%
	1,820,169		Bank of America Corp		59,756,148
	490,186		Citigroup, Inc		36,474,740
	97,540		Citizens Financial Group, Inc		3,636,291
	33,640		Comerica, Inc		2,057,423
	158,982		Fifth Third Bancorp		4,523,038
	37,240		First Republic Bank		4,129,171
	221,297		Huntington Bancshares, Inc		3,003,000
	705,791		JPMorgan Chase & Co		93,418,497
	216,481		Keycorp		4,050,360
	29,683		M&T Bank Corp		5,002,179
	103,676		People’s United Financial, Inc		1,598,684
	98,964		PNC Financial Services Group, Inc		14,701,102
	216,313		Regions Financial Corp		3,367,994
	11,633	*	SVB Financial Group		2,795,759
	301,695		Truist Financial Corp		15,558,411
	318,942		US Bancorp		16,974,093
	862,723		Wells Fargo & Co		40,496,218
	38,031		Zions Bancorporation		1,730,030
			TOTAL BANKS		313,273,138
CAPITAL GOODS - 6.3%
	128,880		3M Co		20,448,101
	30,778		A.O. Smith Corp		1,313,913
	21,121		Allegion plc		2,731,368
	51,387		Ametek, Inc		4,992,247
	86,820		Arconic, Inc		2,600,259
	120,040		Boeing Co		38,205,131
	123,300		Caterpillar, Inc		16,195,455
	34,929		Cummins, Inc		5,587,592
	70,982		Deere & Co		11,256,326
	32,089		Dover Corp		3,653,333
	93,125		Eaton Corp		8,797,519
	136,663		Emerson Electric Co		9,789,171
	123,486		Fastenal Co		4,307,192
	30,687		Flowserve Corp		1,432,469
	64,273		Fortive Corp		4,815,976
	32,380		Fortune Brands Home & Security, Inc		2,224,830

218

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	52,004		General Dynamics Corp	$	9,123,582
	1,956,546		General Electric Co		24,358,998
	160,042		Honeywell International, Inc		27,722,475
	9,090		Huntington Ingalls		2,372,490
	17,050		IDEX Corp		2,793,642
	65,342		Illinois Tool Works, Inc		11,433,543
	53,469		Ingersoll-Rand plc		7,123,675
	30,789		Jacobs Engineering Group, Inc		2,848,906
	176,010		Johnson Controls International plc		6,943,594
	49,523		L3Harris Technologies, Inc		10,960,926
	55,737		Lockheed Martin Corp		23,862,124
	65,196		Masco Corp		3,098,114
	35,320		Northrop Grumman Corp		13,229,812
	78,016		PACCAR, Inc		5,789,567
	28,661		Parker-Hannifin Corp		5,608,671
	40,383		Pentair plc		1,733,642
	34,697		Quanta Services, Inc		1,358,387
	62,699		Raytheon Co		13,852,717
	25,444		Rockwell Automation, Inc		4,876,597
	23,427		Roper Technologies Inc		8,941,149
	12,955		Snap-On, Inc		2,068,007
	33,914		Stanley Black & Decker, Inc		5,403,518
	53,224		Textron, Inc		2,444,578
	11,294		TransDigm Group, Inc		7,265,204
	17,505	*	United Rentals, Inc		2,375,253
	182,407		United Technologies Corp		27,397,532
	10,037		W.W. Grainger, Inc		3,037,899
	41,938		Wabtec Corp		3,097,541
	41,228		Xylem, Inc		3,366,678
			TOTAL CAPITAL GOODS		382,839,703
COMMERCIAL & PROFESSIONAL SERVICES - 0.8%
	18,973		Cintas Corp		5,292,898
	45,524	*	Copart, Inc		4,618,865
	27,160		Equifax, Inc		4,071,284
	88,967	*	IHS Markit Ltd		7,015,938
	82,061		Nielsen NV		1,674,044
	47,559		Republic Services, Inc		4,520,483
	26,845		Robert Half International, Inc		1,561,574
	31,255		Rollins, Inc		1,186,127
	36,744		Verisk Analytics, Inc		5,969,798
	86,679		Waste Management, Inc		10,548,834
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		46,459,845
CONSUMER DURABLES & APPAREL - 1.1%
	36,514	*	Capri Holdings Ltd		1,093,959
	76,733		DR Horton, Inc		4,542,594
	32,831	*	Garmin Ltd		3,182,965
	85,867		Hanesbrands, Inc		1,181,530
	27,810		Hasbro, Inc		2,833,005
	30,816		Leggett & Platt, Inc		1,466,533
	63,856		Lennar Corp (Class A)		4,237,484
	13,275	*	Mohawk Industries, Inc		1,748,052
	84,465		Newell Brands Inc		1,649,601

219

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	279,845		Nike, Inc (Class B)	$	26,949,074
	780	*	NVR, Inc		2,977,237
	58,046		Pulte Homes, Inc		2,591,754
	17,651		PVH Corp		1,538,638
	11,568		Ralph Lauren Corp		1,312,968
	66,884		Tapestry, Inc		1,723,601
	39,270	*	Under Armour, Inc (Class A)		792,469
	47,694	*	Under Armour, Inc (Class C)		856,584
	72,524		VF Corp		6,017,316
	14,402		Whirlpool Corp		2,105,140
			TOTAL CONSUMER DURABLES & APPAREL		68,800,504
CONSUMER SERVICES - 1.9%
	87,702		Carnival Corp		3,817,668
	5,884	*	Chipotle Mexican Grill, Inc (Class A)		5,100,016
	26,888		Darden Restaurants, Inc		3,130,570
	51,218		H&R Block, Inc		1,188,257
	63,945		Hilton Worldwide Holdings, Inc		6,893,271
	75,651		Las Vegas Sands Corp		4,940,767
	60,611		Marriott International, Inc (Class A)		8,489,177
	168,765		McDonald’s Corp		36,110,647
	115,845		MGM Resorts International		3,598,146
	48,314	*	Norwegian Cruise Line Holdings Ltd		2,601,709
	37,339		Royal Caribbean Cruises Ltd		4,371,650
	265,606		Starbucks Corp		22,531,357
	21,784		Wynn Resorts Ltd		2,748,269
	68,498		Yum! Brands, Inc		7,245,033
			TOTAL CONSUMER SERVICES		112,766,537
DIVERSIFIED FINANCIALS - 3.4%
	151,065		American Express Co		19,618,812
	28,171		Ameriprise Financial, Inc		4,659,765
	190,236		Bank of New York Mellon Corp		8,518,768
	26,475		BlackRock, Inc		13,961,591
	104,504		Capital One Financial Corp		10,429,499
	24,842		CBOE Global Markets, Inc		3,061,031
	257,467		Charles Schwab Corp		11,727,622
	80,423		CME Group, Inc		17,460,638
	70,685		Discover Financial Services		5,310,564
	49,973		E*TRADE Financial Corp		2,129,849
	65,095		Franklin Resources, Inc		1,646,903
	71,860		Goldman Sachs Group, Inc		17,084,715
	124,662		IntercontinentalExchange Group, Inc		12,433,788
	83,038		Invesco Ltd		1,436,557
	8,412		MarketAxess Holdings, Inc		2,979,362
	36,530		Moody’s Corp		9,380,539
	274,446		Morgan Stanley		14,342,548
	18,922		MSCI, Inc (Class A)		5,407,908
	25,746		Nasdaq Inc		2,998,379
	46,937		Northern Trust Corp		4,590,908
	28,151		Raymond James Financial, Inc		2,573,846
	55,202		S&P Global, Inc		16,214,483
	82,384		State Street Corp		6,230,702

220

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	135,504		Synchrony Financial	$	4,391,685
	52,219		T Rowe Price Group, Inc		6,972,803
			TOTAL DIVERSIFIED FINANCIALS		205,563,265
ENERGY - 3.8%
	83,935		Apache Corp		2,303,176
	139,253		Baker Hughes a GE Co		3,016,220
	100,493		Cabot Oil & Gas Corp		1,415,946
	424,038		Chevron Corp		45,431,431
	25,464		Cimarex Energy Co		1,117,615
	44,751		Concho Resources, Inc		3,391,231
	246,367		ConocoPhillips		14,641,591
	93,156	*	Devon Energy Corp		2,023,348
	37,006		Diamondback Energy, Inc		2,753,246
	129,794		EOG Resources, Inc		9,463,281
	949,539	d	Exxon Mobil Corp		58,985,363
	199,870		Halliburton Co		4,359,165
	25,043		Helmerich & Payne, Inc		1,015,494
	58,286		Hess Corp		3,297,239
	33,846		HollyFrontier Corp		1,520,362
	432,274		Kinder Morgan, Inc		9,021,558
	188,128		Marathon Oil Corp		2,139,015
	145,854		Marathon Petroleum Corp		7,949,043
	85,855		National Oilwell Varco, Inc		1,769,472
	110,278		Noble Energy, Inc		2,180,196
	197,453		Occidental Petroleum Corp		7,842,833
	92,565		ONEOK, Inc		6,930,342
	99,393		Phillips 66		9,081,539
	36,956		Pioneer Natural Resources Co		4,989,060
	308,861		Schlumberger Ltd		10,349,932
	99,504		TechnipFMC plc (Euro OTC)		1,642,811
	92,663		Valero Energy Corp		7,812,418
	268,435		Williams Cos, Inc		5,553,920
			TOTAL ENERGY		231,996,847
FOOD & STAPLES RETAILING - 1.5%
	99,178		Costco Wholesale Corp		30,300,863
	178,533		Kroger Co		4,795,396
	114,196		SYSCO Corp		9,380,059
	168,090		Walgreens Boots Alliance, Inc		8,547,377
	319,381		Walmart, Inc		36,565,931
			TOTAL FOOD & STAPLES RETAILING		89,589,626
FOOD, BEVERAGE & TOBACCO - 3.8%
	418,843		Altria Group, Inc		19,907,608
	124,198		Archer-Daniels-Midland Co		5,559,103
	41,720		Brown-Forman Corp (Class B)		2,821,941
	39,732		Campbell Soup Co		1,922,632
	867,774		Coca-Cola Co		50,678,002
	109,321		ConAgra Brands, Inc		3,598,847
	37,601		Constellation Brands, Inc (Class A)		7,080,268
	133,618		General Mills, Inc		6,977,532
	33,076		Hershey Co		5,132,403

221

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	62,721		Hormel Foods Corp	$	2,964,194
	26,295		J.M. Smucker Co		2,724,425
	55,524		Kellogg Co		3,787,292
	141,287		Kraft Heinz Co		4,125,580
	32,711		Lamb Weston Holdings, Inc		2,986,841
	27,860		McCormick & Co, Inc		4,551,488
	42,250		Molson Coors Brewing Co (Class B)		2,348,255
	323,712		Mondelez International, Inc		18,574,595
	84,863	*	Monster Beverage Corp		5,651,876
	313,762		PepsiCo, Inc		44,560,479
	349,546		Philip Morris International, Inc		28,907,454
	65,554		Tyson Foods, Inc (Class A)		5,416,727
			TOTAL FOOD, BEVERAGE & TOBACCO		230,277,542
HEALTH CARE EQUIPMENT & SERVICES - 6.3%
	397,833		Abbott Laboratories		34,667,168
	10,208	*	Abiomed, Inc		1,901,648
	16,257	*	Align Technology, Inc		4,179,675
	33,315		AmerisourceBergen Corp		2,850,431
	56,708		Anthem, Inc		15,043,498
	113,685		Baxter International, Inc		10,142,976
	60,660		Becton Dickinson & Co		16,692,419
	313,143	*	Boston Scientific Corp		13,111,297
	65,838		Cardinal Health, Inc		3,371,564
	131,233	*	Centene Corp		8,242,745
	71,086		Cerner Corp		5,106,107
	83,863		Cigna Corp		16,133,564
	11,102		Cooper Cos, Inc		3,851,173
	291,709		CVS Health Corp		19,783,704
	143,771		Danaher Corp		23,128,441
	20,772	*	DaVita, Inc		1,659,060
	52,047		Dentsply Sirona, Inc		2,914,632
	47,198	*	Edwards Lifesciences Corp		10,376,952
	59,209		HCA Healthcare, Inc		8,218,209
	32,307	*	Henry Schein, Inc		2,227,245
	60,470	*	Hologic, Inc		3,236,354
	29,545		Humana, Inc		9,934,211
	19,200	*	IDEXX Laboratories, Inc		5,203,392
	25,967	*	Intuitive Surgical, Inc		14,535,807
	21,982	*	Laboratory Corp of America Holdings		3,855,643
	40,858		McKesson Corp		5,826,759
	302,032		Medtronic plc		34,866,574
	29,489		Quest Diagnostics, Inc		3,263,548
	31,877		Resmed, Inc		5,067,487
	18,915		STERIS plc		2,850,301
	72,240		Stryker Corp		15,220,968
	10,459		Teleflex, Inc		3,885,623
	213,225		UnitedHealth Group, Inc		58,093,151
	18,293		Universal Health Services, Inc (Class B)		2,508,153
	20,299	*	Varian Medical Systems, Inc		2,853,431
	46,290		Zimmer Biomet Holdings, Inc		6,846,291
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		381,650,201

222

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
HOUSEHOLD & PERSONAL PRODUCTS - 1.9%
	55,916		Church & Dwight Co, Inc	$	4,150,086
	27,672		Clorox Co		4,353,082
	190,554		Colgate-Palmolive Co		14,059,074
	63,153		Coty, Inc		647,950
	50,001		Estee Lauder Cos (Class A)		9,758,195
	77,543		Kimberly-Clark Corp		11,107,259
	561,719		Procter & Gamble Co		70,001,422
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		114,077,068
INSURANCE - 4.0%
	164,977		Aflac, Inc		8,507,864
	73,775		Allstate Corp		8,745,289
	196,149		American International Group, Inc		9,858,449
	52,254		Aon plc		11,508,943
	41,315		Arthur J. Gallagher & Co		4,237,680
	14,162		Assurant, Inc		1,848,991
	439,974	*	Berkshire Hathaway, Inc (Class B)		98,743,365
	101,101		Chubb Ltd		15,366,341
	34,713		Cincinnati Financial Corp		3,643,129
	9,023		Everest Re Group Ltd		2,495,491
	22,307		Globe Life, Inc		2,325,728
	78,973		Hartford Financial Services Group, Inc		4,681,519
	45,587		Lincoln National Corp		2,483,580
	58,005		Loews Corp		2,984,357
	114,173		Marsh & McLennan Cos, Inc		12,771,392
	174,257		Metlife, Inc		8,662,315
	57,966		Principal Financial Group		3,069,300
	131,831		Progressive Corp		10,637,443
	89,040		Prudential Financial, Inc		8,107,982
	57,808		Travelers Cos, Inc		7,608,689
	46,773		Unum Group		1,248,371
	33,947		W.R. Berkley Corp		2,496,123
	28,900		Willis Towers Watson plc		6,106,281
			TOTAL INSURANCE		238,138,622
MATERIALS - 2.5%
	49,703		Air Products & Chemicals, Inc		11,864,603
	25,507		Albemarle Corp		2,047,702
	363,009		Amcor plc		3,844,265
	18,205		Avery Dennison Corp		2,389,224
	73,543		Ball Corp		5,308,334
	27,238		Celanese Corp (Series A)		2,819,133
	51,668		CF Industries Holdings, Inc		2,081,187
	168,259		Corteva, Inc		4,866,050
	164,798		Dow, Inc		7,592,244
	165,224		DuPont de Nemours, Inc		8,456,164
	32,040		Eastman Chemical Co		2,283,491
	55,948		Ecolab, Inc		10,971,962
	29,484		FMC Corp		2,818,376
	317,809		Freeport-McMoRan, Inc (Class B)		3,527,680
	24,167	e	International Flavors & Fragrances, Inc		3,168,535
	86,480		International Paper Co		3,521,466
	121,088		Linde plc		24,596,605

223

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	57,277		LyondellBasell Industries NV	$	4,459,587
	13,541		Martin Marietta Materials, Inc		3,572,116
	79,517		Mosaic Co		1,577,617
	185,266		Newmont Goldcorp Corp		8,348,086
	65,718		Nucor Corp		3,120,948
	20,992		Packaging Corp of America		2,009,984
	52,342		PPG Industries, Inc		6,272,665
	37,285		Sealed Air Corp		1,323,618
	18,221		Sherwin-Williams Co		10,148,915
	30,049		Vulcan Materials Co		4,255,840
	57,610		WestRock Co		2,246,790
			TOTAL MATERIALS		149,493,187
MEDIA & ENTERTAINMENT - 8.3%
	172,871		Activision Blizzard, Inc		10,109,496
	67,355	*	Alphabet, Inc (Class A)		96,504,897
	67,192	*	Alphabet, Inc (Class C)		96,368,782
	35,350	*	Charter Communications, Inc		18,292,211
	1,020,687		Comcast Corp (Class A)		44,083,472
	32,619	*,e	Discovery, Inc (Class A)		954,432
	75,310	*	Discovery, Inc (Class C)		2,091,359
	59,568	*	DISH Network Corp (Class A)		2,189,720
	65,793	*	Electronic Arts, Inc		7,100,380
	540,814	*	Facebook, Inc		109,195,755
	78,872		Fox Corp (Class A)		2,924,574
	34,115		Fox Corp (Class B)		1,239,398
	87,598		Interpublic Group of Cos, Inc		1,988,475
	31,439	*	Live Nation, Inc		2,142,882
	98,420	*	NetFlix, Inc		33,963,758
	93,004		News Corp (Class A)		1,266,714
	25,832		News Corp (Class B)		360,873
	47,631		Omnicom Group, Inc		3,587,091
	26,213	*	Take-Two Interactive Software, Inc		3,267,188
	175,215	*	Twitter, Inc		5,690,983
	119,294		ViacomCBS, Inc (Class B)		4,071,504
	405,166		Walt Disney Co		56,038,509
			TOTAL MEDIA & ENTERTAINMENT		503,432,453
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.4%
	332,336		AbbVie, Inc		26,925,863
	69,593		Agilent Technologies, Inc		5,745,598
	49,651	*	Alexion Pharmaceuticals, Inc		4,934,813
	73,559		Allergan plc		13,729,052
	133,285		Amgen, Inc		28,796,224
	40,840	*	Biogen, Inc		10,979,834
	526,748		Bristol-Myers Squibb Co		33,158,787
	190,024		Eli Lilly & Co		26,534,951
	284,167		Gilead Sciences, Inc		17,959,354
	33,285	*	Illumina, Inc		9,654,980
	40,273	*	Incyte Corp		2,942,748
	40,205	*	IQVIA Holdings, Inc		6,241,826
	591,981		Johnson & Johnson		88,128,212
	572,835		Merck & Co, Inc		48,943,022

224

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	5,479	*	Mettler-Toledo International, Inc	$	4,148,589
	115,473	*	Mylan NV		2,473,432
	25,057	*	PerkinElmer, Inc		2,317,271
	30,274		Perrigo Co plc		1,726,829
	1,243,430		Pfizer, Inc		46,305,333
	17,666	*	Regeneron Pharmaceuticals, Inc		5,970,048
	90,201		Thermo Fisher Scientific, Inc		28,250,051
	57,732	*	Vertex Pharmaceuticals, Inc		13,108,051
	14,644	*	Waters Corp		3,277,181
	107,265		Zoetis, Inc		14,396,036
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		446,648,085
REAL ESTATE - 3.0%
	27,091		Alexandria Real Estate Equities, Inc		4,421,251
	99,656		American Tower Corp		23,094,281
	35,891		Apartment Investment & Management Co		1,891,815
	31,159		AvalonBay Communities, Inc		6,751,844
	32,221		Boston Properties, Inc		4,618,880
	75,050	*	CBRE Group, Inc		4,581,803
	93,499		Crown Castle International Corp		14,009,890
	47,044		Digital Realty Trust, Inc		5,785,942
	82,468		Duke Realty Corp		2,994,413
	19,169		Equinix, Inc		11,304,534
	77,879		Equity Residential		6,470,187
	14,647		Essex Property Trust, Inc		4,537,055
	28,675		Extra Space Storage, Inc		3,173,749
	16,185		Federal Realty Investment Trust		2,023,449
	109,906		Healthpeak Properties Inc		3,955,517
	161,718		Host Hotels and Resorts, Inc		2,642,472
	67,420		Iron Mountain, Inc		2,131,146
	100,552		Kimco Realty Corp		1,915,516
	25,815		Mid-America Apartment Communities, Inc		3,542,076
	141,947		Prologis, Inc		13,184,037
	33,492		Public Storage, Inc		7,494,170
	73,028		Realty Income Corp		5,726,126
	38,276		Regency Centers Corp		2,374,643
	24,714		SBA Communications Corp		6,167,626
	68,462		Simon Property Group, Inc		9,115,715
	19,980		SL Green Realty Corp		1,838,959
	66,466		UDR, Inc		3,184,386
	85,518		Ventas, Inc		4,948,071
	36,437		Vornado Realty Trust		2,396,462
	89,644		Welltower, Inc		7,611,672
	168,276		Weyerhaeuser Co		4,871,590
			TOTAL REAL ESTATE		178,759,277
RETAILING - 6.4%
	16,431		Advance Auto Parts, Inc		2,164,784
	93,604	*	Amazon.com, Inc		188,024,227
	5,427	*	AutoZone, Inc		5,741,549
	51,148		Best Buy Co, Inc		4,331,724
	9,436	*	Booking Holdings, Inc		17,273,070
	35,760	*	CarMax, Inc		3,470,150
	57,210		Dollar General Corp		8,776,586

225

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	53,643	*	Dollar Tree, Inc	$	4,670,696
	173,231		eBay, Inc		5,813,632
	31,987		Expedia Group Inc		3,468,990
	48,037		Gap, Inc		836,324
	31,808		Genuine Parts Co		2,976,275
	244,898		Home Depot, Inc		55,861,234
	38,432		Kohl’s Corp		1,642,968
	51,859		L Brands, Inc		1,201,054
	66,660	*	LKQ Corp		2,178,782
	171,488		Lowe’s Companies, Inc		19,933,765
	74,884		Macy’s, Inc		1,194,400
	25,481		Nordstrom, Inc		939,230
	16,725	*	O’Reilly Automotive, Inc		6,792,023
	80,761		Ross Stores, Inc		9,060,577
	113,440		Target Corp		12,562,346
	24,121		Tiffany & Co		3,232,696
	271,987		TJX Companies, Inc		16,058,112
	25,916		Tractor Supply Co		2,408,892
	13,301	*	Ulta Beauty, Inc		3,563,471
			TOTAL RETAILING		384,177,557
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.2%
	252,187	*	Advanced Micro Devices, Inc		11,852,789
	82,858		Analog Devices, Inc		9,093,665
	207,966		Applied Materials, Inc		12,059,948
	89,051		Broadcom, Inc		27,174,803
	977,959		Intel Corp		62,520,919
	35,712		KLA Corp		5,918,907
	32,770		Lam Research Corp		9,772,342
	60,881		Maxim Integrated Products, Inc		3,660,166
	53,239		Microchip Technology, Inc		5,189,738
	248,047	*	Micron Technology, Inc		13,168,815
	137,280		NVIDIA Corp		32,457,110
	26,731	*	Qorvo, Inc		2,829,744
	255,821		QUALCOMM, Inc		21,824,089
	38,018		Skyworks Solutions, Inc		4,301,737
	210,411		Texas Instruments, Inc		25,386,087
	56,316		Xilinx, Inc		4,757,576
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		251,968,435
SOFTWARE & SERVICES - 13.2%
	143,147		Accenture plc		29,375,196
	108,968	*	Adobe, Inc		38,263,024
	35,792	*	Akamai Technologies, Inc		3,341,183
	10,028		Alliance Data Systems Corp		1,030,778
	18,857	*	Ansys, Inc		5,173,041
	49,645	*	Autodesk, Inc		9,772,618
	96,475		Automatic Data Processing, Inc		16,534,850
	25,800		Broadridge Financial Solutions, Inc		3,074,070
	63,047	*	Cadence Design Systems, Inc		4,546,319
	27,185		Citrix Systems, Inc		3,295,366
	123,875		Cognizant Technology Solutions Corp (Class A)		7,603,448
	55,958		DXC Technology Co		1,783,941

226

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	138,064		Fidelity National Information Services, Inc	$	19,834,274
	128,115	*	Fiserv, Inc		15,195,720
	19,522	*	FleetCor Technologies, Inc		6,153,920
	31,823	*	Fortinet, Inc		3,671,101
	20,022	*	Gartner, Inc		3,219,137
	67,509		Global Payments, Inc		13,194,634
	198,721		International Business Machines Corp		28,562,169
	58,414		Intuit, Inc		16,378,117
	17,012		Jack Henry & Associates, Inc		2,543,975
	30,158		Leidos Holdings, Inc		3,029,974
	199,883		Mastercard, Inc (Class A)		63,151,035
	1,715,280		Microsoft Corp		291,992,115
	129,094		NortonLifelock, Inc		3,668,852
	486,760		Oracle Corp		25,530,562
	70,960		Paychex, Inc		6,086,239
	10,946	*	Paycom Software, Inc		3,482,579
	263,426	*	PayPal Holdings, Inc		30,001,587
	199,107	*	salesforce.com, Inc		36,299,197
	42,267	*	ServiceNow, Inc		14,295,967
	33,517	*	Synopsys, Inc		4,944,093
	22,441	*	VeriSign, Inc		4,670,870
	385,365		Visa, Inc (Class A)		76,676,074
	91,845		Western Union Co		2,470,631
			TOTAL SOFTWARE & SERVICES		798,846,656
TECHNOLOGY HARDWARE & EQUIPMENT - 6.7%
	66,549		Amphenol Corp (Class A)		6,619,629
	938,699		Apple, Inc		290,536,728
	11,949	*	Arista Networks, Inc		2,668,690
	32,301		CDW Corp		4,213,665
	954,451		Cisco Systems, Inc		43,876,112
	167,476		Corning, Inc		4,469,934
	13,062	*	F5 Networks, Inc		1,595,131
	31,827		FLIR Systems, Inc		1,640,364
	287,040		Hewlett Packard Enterprise Co		3,998,467
	332,674		HP, Inc		7,092,610
	7,740	*	IPG Photonics Corp		988,166
	72,375		Juniper Networks, Inc		1,660,282
	41,011	*	Keysight Technologies, Inc		3,813,613
	38,462		Motorola Solutions, Inc		6,807,774
	53,302		NetApp, Inc		2,846,327
	53,726		Seagate Technology, Inc		3,061,845
	74,555		TE Connectivity Ltd		6,872,480
	67,031		Western Digital Corp		4,390,530
	43,922		Xerox Holdings Corp		1,562,306
	12,030	*	Zebra Technologies Corp (Class A)		2,875,411
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		401,590,064
TELECOMMUNICATION SERVICES - 2.1%
	1,642,308		AT&T, Inc		61,783,627
	217,555		CenturyLink, Inc		2,971,802
	70,559	*	T-Mobile US, Inc		5,587,567
	930,657		Verizon Communications, Inc		55,318,252
			TOTAL TELECOMMUNICATION SERVICES		125,661,248

227

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
TRANSPORTATION - 1.9%
	28,147		Alaska Air Group, Inc	$	1,818,015
	86,981	e	American Airlines Group, Inc		2,334,570
	31,037		CH Robinson Worldwide, Inc		2,241,492
	173,493		CSX Corp		13,244,456
	128,418		Delta Air Lines, Inc		7,158,019
	38,988		Expeditors International of Washington, Inc		2,847,684
	53,553		FedEx Corp		7,745,906
	19,839		JB Hunt Transport Services, Inc		2,141,223
	22,429		Kansas City Southern		3,783,548
	58,403		Norfolk Southern Corp		12,160,089
	14,844		Old Dominion Freight Line		2,912,838
	108,192		Southwest Airlines Co		5,948,396
	155,954		Union Pacific Corp		27,981,266
	49,980	*	United Airlines Holdings Inc		3,738,504
	157,137		United Parcel Service, Inc (Class B)		16,266,822
			TOTAL TRANSPORTATION		112,322,828
UTILITIES - 3.5%
	146,937		AES Corp		2,918,169
	56,653		Alliant Energy Corp		3,362,922
	55,531		Ameren Corp		4,556,319
	111,764		American Electric Power Co, Inc		11,648,044
	40,555		American Water Works Co, Inc		5,523,591
	27,401		Atmos Energy Corp		3,206,739
	114,371		Centerpoint Energy, Inc		3,028,544
	64,517		CMS Energy Corp		4,420,060
	73,685		Consolidated Edison, Inc		6,926,390
	184,846		Dominion Energy Inc		15,850,545
	42,859		DTE Energy Co		5,683,532
	163,705		Duke Energy Corp		15,982,519
	81,772		Edison International		6,259,647
	44,003		Entergy Corp		5,787,275
	53,359		Evergy, Inc		3,850,385
	71,490		Eversource Energy		6,608,536
	215,310		Exelon Corp		10,246,603
	115,828		FirstEnergy Corp		5,882,904
	110,487		NextEra Energy, Inc		29,632,613
	85,911		NiSource, Inc		2,518,051
	58,635		NRG Energy, Inc		2,163,045
	25,880		Pinnacle West Capital Corp		2,528,217
	161,047		PPL Corp		5,828,291
	114,270		Public Service Enterprise Group, Inc		6,764,784
	62,892		Sempra Energy		10,102,971
	235,235		Southern Co		16,560,544
	70,360		WEC Energy Group, Inc		7,028,260
	117,549		Xcel Energy, Inc		8,133,215
			TOTAL UTILITIES		213,002,715
			TOTAL COMMON STOCKS		6,006,044,225
			(Cost $3,272,950,349)

228

TIAA-CREF FUNDS - S&P 500 Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 1.0%
GOVERNMENT AGENCY DEBT - 0.9%
$	5,002,000		Federal Home Loan Bank (FHLB)		1.510	%	02/06/20	$	5,001,354
	15,794,000		FHLB		1.521		02/13/20		15,787,199
	17,425,000		FHLB		1.531		02/24/20		17,409,245
	20,000,000		Federal Agricultural Mortgage Corp (FAMC)		1.500		02/03/20		20,000,000
			TOTAL GOVERNMENT AGENCY DEBT						58,197,798
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.1%
	4,216,523	c	State Street Navigator Securities Lending Government Money Market Portfolio						4,216,523
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						4,216,523
			TOTAL SHORT-TERM INVESTMENTS						62,414,321
			(Cost $62,409,772)
			TOTAL INVESTMENTS - 100.6%						6,068,458,546
			(Cost $3,335,360,121)
			OTHER ASSETS & LIABILITIES, NET - (0.6)%						(38,397,311	)
			NET ASSETS - 100.0%					$	6,030,061,235
			Abbreviation(s):
			OTC  Over The Counter
*			Non-income producing
c			Investments made with cash collateral received from securities on loan.
d			All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.
e			All or a portion of these securities are out on loan. The aggregate value of securities on loan is $5,114,857.

Futures contracts outstanding as of January 31, 2020 were as follows:

Description	Number of long (short) contracts		Expiration date		Notional amount		Value		Unrealized appreciation (depreciation)
S&P 500 E Mini Index		86		03/20/20	$	14,121,073	$	13,863,200	$	(257,873	)

229

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

TIAA-CREF FUNDS
SMALL-CAP BLEND INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.90%
AUTOMOBILES & COMPONENTS - 1.1%
	140,587		Adient plc	$	3,614,492
	173,124	*	American Axle & Manufacturing Holdings, Inc		1,599,666
	81,387		Cooper Tire & Rubber Co		2,155,942
	25,923	*	Cooper-Standard Holding, Inc		687,478
	227,224		Dana Inc		3,501,522
	42,154	*	Dorman Products, Inc		2,942,349
	58,975	*	Fox Factory Holding Corp		3,881,734
	52,912	*	Gentherm, Inc		2,439,772
	38,660		LCI Industries, Inc		4,174,120
	80,520	*	Modine Manufacturing Co		566,056
	30,356	*	Motorcar Parts of America, Inc		602,870
	55,386		Spartan Motors, Inc		941,562
	32,408		Standard Motor Products, Inc		1,574,381
	42,751	*	Stoneridge, Inc		1,191,043
	83,424		Tenneco, Inc		790,025
	44,108	*	Visteon Corp		3,520,259
	49,427		Winnebago Industries, Inc		2,706,623
			TOTAL AUTOMOBILES & COMPONENTS		36,889,894
BANKS - 11.5%
	14,042		1st Constitution Bancorp		282,946
	22,445		1st Source Corp		1,059,180
	11,249		ACNB Corp		360,530
	31,042	*	Allegiance Bancshares, Inc		1,154,762
	20,878		Amalgamated Bank		359,937
	29,770	*	Amerant Bancorp Inc		554,615
	16,502		American National Bankshares, Inc		562,718
	96,400		Ameris Bancorp		3,874,316
	13,659		Ames National Corp		364,422
	19,228		Arrow Financial Corp		674,134
	35,580	*	Atlantic Capital Bancshares, Inc		671,395
	125,637		Atlantic Union Bankshares Corp		4,232,711
	93,338	*	Axos Financial, Inc		2,629,331
	71,300		Banc of California, Inc		1,137,948
	30,579		Bancfirst Corp		1,767,466
	156,341		BancorpSouth Bank		4,466,662
	8,554	e	Bank First Corp		536,678
	25,413		Bank of Commerce Holdings		271,919
	21,825		Bank of Marin Bancorp		961,610
	89,070		Bank of NT Butterfield & Son Ltd		2,958,905
	7,049		Bank of Princeton		214,995
	4,650		Bank7 Corp		84,584
	22,248		BankFinancial Corp		277,433
	10,156		Bankwell Financial Group, Inc		274,517
	54,231		Banner Corp		2,795,608

230

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	23,689		Bar Harbor Bankshares	$	521,158
	15,892	*	Baycom Corp		356,934
	22,676		BCB Bancorp, Inc		297,509
	72,770		Berkshire Hills Bancorp, Inc		2,048,476
	126,483		Boston Private Financial Holdings, Inc		1,441,906
	27,210		Bridge Bancorp, Inc		825,824
	37,702	*	Bridgewater Bancshares, Inc		497,666
	123,282		Brookline Bancorp, Inc		1,873,886
	32,360		Bryn Mawr Bank Corp		1,214,147
	18,448		Business First Bancshares, Inc		457,141
	38,336		Byline Bancorp, Inc		739,885
	5,430		C&F Financial Corp		271,772
	200,329		Cadence BanCorp		3,131,142
	7,508	e	Cambridge Bancorp		541,927
	24,618		Camden National Corp		1,163,447
	8,590	*	Capital Bancorp, Inc		116,996
	23,382		Capital City Bank Group, Inc		666,855
	208,238		Capitol Federal Financial		2,744,577
	21,659		Capstar Financial Holdings, Inc		324,235
	36,773		Carolina Financial Corp		1,410,245
	38,112	*	Carter Bank & Trust		754,237
	120,188		Cathay General Bancorp		4,333,979
	27,893		CBTX, Inc		824,238
	189,583		Centerstate Banks of Florida, Inc		4,276,993
	43,524		Central Pacific Financial Corp		1,206,921
	17,848		Central Valley Community Bancorp		335,364
	4,339		Century Bancorp, Inc		373,154
	5,329		Chemung Financial Corp		211,401
	21,395		Citizens & Northern Corp		547,070
	24,933		City Holding Co		1,886,929
	22,628		Civista Bancshares, Inc		498,042
	24,424		CNB Financial Corp		721,973
	13,853	*	Coastal Financial Corp		246,583
	15,442		Codorus Valley Bancorp, Inc		336,636
	11,060		Colony Bankcorp Inc		169,771
	113,417		Columbia Banking System, Inc		4,389,238
	81,872	*	Columbia Financial, Inc		1,372,993
	80,411		Community Bank System, Inc		5,328,837
	25,274		Community Bankers Trust Corp		223,169
	7,210		Community Financial Corp		245,140
	24,977		Community Trust Bancorp, Inc		1,092,744
	53,760		ConnectOne Bancorp, Inc		1,269,274
	10,644	*	CrossFirst Bankshares, Inc		145,291
	44,542	*	Customers Bancorp, Inc		952,308
	209,877		CVB Financial Corp		4,359,145
	50,504		Dime Community Bancshares		980,283
	51,482		Eagle Bancorp, Inc		2,249,763
	14,141		Enterprise Bancorp, Inc		438,654
	38,397		Enterprise Financial Services Corp		1,670,653
	23,528	*	Equity Bancshares, Inc		631,962
	10,985	*	Esquire Financial Holdings, Inc		249,909
	11,519		ESSA Bancorp, Inc		195,247
	151,891		Essent Group Ltd		7,535,312
	7,624		Evans Bancorp, Inc		297,641

231

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	18,109	e	Farmers & Merchants Bancorp, Inc	$	532,405
	43,915		Farmers National Banc Corp		694,735
	28,040		FB Financial Corp		999,626
	14,205		Federal Agricultural Mortgage Corp (Class C)		1,083,842
	4,854	e	Fidelity D&D Bancorp, Inc		275,950
	22,763		Financial Institutions, Inc		701,328
	45,593		First Bancorp		1,617,640
	339,776		First Bancorp		3,149,724
	15,985		First Bancorp, Inc		452,056
	27,631		First Bancshares, Inc		951,059
	26,438		First Bank		282,887
	82,945		First Busey Corp		2,115,098
	12,965		First Business Financial Services, Inc		326,459
	4,803	e	First Capital Inc		317,526
	15,550		First Choice Bancorp		378,487
	157,088		First Commonwealth Financial Corp		2,123,830
	25,373		First Community Bancshares, Inc		743,683
	31,731		First Defiance Financial Corp		932,574
	154,523		First Financial Bancorp		3,714,733
	204,135		First Financial Bankshares, Inc		6,842,605
	21,580		First Financial Corp		900,533
	10,818		First Financial Northwest, Inc		158,267
	62,437		First Foundation, Inc		1,030,211
	6,396		First Guaranty Bancshares, Inc		115,128
	17,083		First Internet Bancorp		452,870
	59,530		First Interstate Bancsystem, Inc		2,291,905
	84,962		First Merchants Corp		3,377,240
	21,453		First Mid-Illinois Bancshares, Inc		702,586
	165,880		First Midwest Bancorp, Inc		3,307,647
	11,534		First Northwest Bancorp		182,122
	39,429		First of Long Island Corp		869,804
	54,654		Flagstar Bancorp, Inc		1,926,007
	44,507		Flushing Financial Corp		884,354
	25,298		FNCB Bancorp Inc		198,589
	19,540		Franklin Financial Network, Inc		720,440
	6,225		Franklin Financial Services Corp		227,337
	5,911		FS Bancorp, Inc		323,450
	250,682		Fulton Financial Corp		4,128,733
	18,000	*	FVCBankcorp, Inc		287,100
	40,182		German American Bancorp, Inc		1,373,823
	136,525		Glacier Bancorp, Inc		5,784,564
	17,815		Great Southern Bancorp, Inc		1,013,852
	88,550		Great Western Bancorp, Inc		2,616,653
	3,193		Greene County Bancorp, Inc		93,204
	12,174		Guaranty Bancshares, Inc		372,524
	136,637		Hancock Whitney Corp		5,429,954
	50,631		Hanmi Financial Corp		851,613
	47,537	*	HarborOne Northeast Bancorp, Inc		518,629
	8,413		Hawthorn Bancshares Inc		191,396
	14,539	*	HBT Financial, Inc		281,039
	55,654		Heartland Financial USA, Inc		2,722,037
	86,217		Heritage Commerce Corp		1,000,117
	56,254		Heritage Financial Corp		1,450,228

232

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	109,341		Hilltop Holdings, Inc	$	2,475,480
	2,051		Hingham Institution for Savings		429,459
	11,632		Home Bancorp, Inc		413,634
	243,320		Home Bancshares, Inc		4,652,278
	37,355	*	HomeStreet, Inc		1,199,469
	26,549		HomeTrust Bancshares, Inc		704,079
	188,957		Hope Bancorp, Inc		2,627,447
	60,357		Horizon Bancorp		1,021,240
	21,351	*	Howard Bancorp, Inc		360,618
	81,630		IBERIABANK Corp		5,935,317
	52,491		Independent Bank Corp		3,789,850
	37,008		Independent Bank Corp		791,231
	56,595		Independent Bank Group, Inc		3,028,964
	88,384		International Bancshares Corp		3,482,330
	13,794		Investar Holding Corp		304,985
	360,553		Investors Bancorp, Inc		4,357,283
	124,622		Kearny Financial Corp		1,539,082
	76,810		Lakeland Bancorp, Inc		1,247,394
	38,893		Lakeland Financial Corp		1,845,084
	23,515		LCNB Corp		389,644
	6,940		Level One Bancorp, Inc		172,528
	41,134		Live Oak Bancshares, Inc		719,022
	34,514		Luther Burbank Corp		355,839
	38,166		Macatawa Bank Corp		402,651
	13,709		Mackinac Financial Corp		207,280
	10,592	*	MainStreet Bancshares Inc		233,024
	11,941	*	Malvern Bancorp, Inc		238,820
	24,154		Mercantile Bank Corp		791,527
	12,740		Merchants Bancorp		250,723
	75,053		Meridian Bancorp, Inc		1,350,203
	57,205		Meta Financial Group, Inc		2,129,170
	25,039		Metrocity Bankshares, Inc		402,377
	11,268	*	Metropolitan Bank Holding Corp		553,822
	10,212		Mid Penn Bancorp, Inc		245,088
	35,348		Midland States Bancorp, Inc		933,894
	17,500		MidWestOne Financial Group, Inc		565,950
	7,250	*	MMA Capital Holdings Inc		222,430
	124,776	*	Mr Cooper Group, Inc		1,544,727
	9,578		MutualFirst Financial, Inc		356,589
	14,740		MVB Financial Corp		294,505
	46,728		National Bank Holdings Corp		1,523,333
	10,194		National Bankshares, Inc		416,323
	66,926		NBT Bancorp, Inc		2,529,134
	14,855	*	Nicolet Bankshares, Inc		1,049,506
	101,963	*	NMI Holdings, Inc		3,254,659
	12,348		Northeast Bank		247,824
	71,072		Northfield Bancorp, Inc		1,129,334
	10,242		Northrim BanCorp, Inc		385,406
	157,729		Northwest Bancshares, Inc		2,480,289
	6,749		Norwood Financial Corp		229,466
	8,461	e	Oak Valley Bancorp		156,529
	85,880		OceanFirst Financial Corp		1,997,569
	116,891	*	Ocwen Financial Corp		143,776
	77,884		OFG Bancorp		1,535,094

233

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	4,776		Ohio Valley Banc Corp	$	157,847
	269,779		Old National Bancorp		4,831,742
	42,817		Old Second Bancorp, Inc		526,007
	22,725		OP Bancorp		227,023
	34,466		Opus Bank		918,002
	31,189		Origin Bancorp, Inc		1,099,100
	15,145		Orrstown Financial Services, Inc		312,138
	31,274	*	Pacific Mercantile Bancorp		216,729
	90,914		Pacific Premier Bancorp, Inc		2,709,237
	21,264		Park National Corp		2,019,442
	13,310		Parke Bancorp, Inc		286,431
	19,650		PCB Bancorp		298,877
	25,015		PCSB Financial Corp		497,298
	16,081	*	PDL Community Bancorp		226,581
	30,316		Peapack Gladstone Financial Corp		886,137
	10,978		Penns Woods Bancorp, Inc		346,356
	40,488		PennyMac Financial Services, Inc		1,365,255
	5,435		Peoples Bancorp of North Carolina, Inc		148,647
	29,347		Peoples Bancorp, Inc		954,951
	12,054		Peoples Financial Services Corp		558,703
	23,166		People’s Utah Bancorp		604,169
	17,353	*	Pioneer Bancorp, Inc		254,742
	22,911		Preferred Bank		1,377,180
	20,727		Premier Financial Bancorp, Inc		352,359
	10,384	*	Provident Bancorp Inc		122,635
	8,741		Provident Financial Holdings, Inc		192,389
	96,019		Provident Financial Services, Inc		2,190,193
	9,485		Prudential Bancorp, Inc		167,031
	24,126		QCR Holdings, Inc		991,579
	318,944		Radian Group, Inc		7,810,939
	23,990		RBB Bancorp		472,123
	7,748	*	Red River Bancshares Inc		410,257
	15,911		Reliant Bancorp Inc		338,268
	87,629		Renasant Corp		2,797,994
	14,312		Republic Bancorp, Inc (Class A)		599,673
	73,269	*	Republic First Bancorp, Inc		233,728
	20,626	*	Richmond Mutual Bancorporation, Inc		313,721
	31,933		Riverview Bancorp, Inc		235,027
	59,642		S&T Bancorp, Inc		2,241,943
	56,249		Sandy Spring Bancorp, Inc		1,957,465
	12,089		SB One Bancorp		288,927
	81,023	*	Seacoast Banking Corp of Florida		2,199,774
	20,799	*	Select Bancorp, Inc		241,268
	75,317		ServisFirst Bancshares, Inc		2,767,900
	20,593		Shore Bancshares, Inc		334,636
	20,869		Sierra Bancorp		558,872
	5,314	*	Silvergate Capital Corp		83,855
	150,265		Simmons First National Corp (Class A)		3,603,355
	18,802		SmartFinancial, Inc		406,499
	15,959		South Plains Financial Inc		347,108
	53,476		South State Corp		4,043,320
	10,325	*	Southern First Bancshares, Inc		403,191
	11,627		Southern Missouri Bancorp, Inc		414,154

234

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	29,911		Southern National Bancorp of Virginia, Inc	$	464,518
	50,498		Southside Bancshares, Inc		1,771,470
	21,491	*	Spirit of Texas Bancshares, Inc		445,938
	27,866		Sterling Bancorp, Inc		204,258
	32,479		Stock Yards Bancorp, Inc		1,258,236
	16,315		Summit Financial Group, Inc		400,533
	14,617		Territorial Bancorp, Inc		424,332
	81,722	*	The Bancorp, Inc		966,771
	10,965		Timberland Bancorp, Inc		308,774
	23,276		Tompkins Financial Corp		2,003,831
	107,039		Towne Bank		2,841,885
	42,957		Trico Bancshares		1,563,635
	39,629	*	Tristate Capital Holdings, Inc		911,071
	38,749	*	Triumph Bancorp, Inc		1,510,436
	155,411		Trustco Bank Corp NY		1,232,409
	102,300		Trustmark Corp		3,271,554
	70,362		UMB Financial Corp		4,676,259
	4,553		Union Bankshares, Inc		153,072
	153,903		United Bankshares, Inc		5,278,873
	124,544		United Community Banks, Inc		3,477,268
	81,265		United Community Financial Corp		888,226
	15,327		United Security Bancshares		149,285
	8,990		Unity Bancorp, Inc		197,061
	45,446		Univest Financial Corp		1,128,879
	611,413		Valley National Bancorp		6,438,179
	79,281		Veritex Holdings, Inc		2,245,238
	44,310		Walker & Dunlop, Inc		2,940,855
	126,160		Washington Federal, Inc		4,289,440
	24,034		Washington Trust Bancorp, Inc		1,137,529
	38,677		Waterstone Financial, Inc		676,461
	104,164		WesBanco, Inc		3,449,912
	27,797		West Bancorporation, Inc		636,273
	40,806		Westamerica Bancorporation		2,585,468
	40,969		Western New England Bancorp, Inc		367,902
	80,814		WSFS Financial Corp		3,223,670
			TOTAL BANKS		368,651,664
CAPITAL GOODS - 10.3%
	65,427		Aaon, Inc		3,430,992
	52,196		AAR Corp		2,222,506
	68,253		Advanced Drainage Systems, Inc		2,837,277
	46,804	*	Aegion Corp		978,204
	115,589	*	Aerojet Rocketdyne Holdings, Inc		6,018,719
	34,218	*	Aerovironment, Inc		2,279,261
	82,707		Aircastle Ltd		2,654,068
	15,322		Alamo Group, Inc		1,908,508
	48,170		Albany International Corp (Class A)		3,360,821
	11,164		Allied Motion Technologies, Inc		511,758
	100,899		Altra Industrial Motion Corp		3,355,901
	37,966	*	Ameresco, Inc		728,568
	31,070	*	American Superconductor Corp		195,120
	26,975	*	American Woodmark Corp		2,957,809
	41,434		Apogee Enterprises, Inc		1,318,430
	60,564		Applied Industrial Technologies, Inc		3,910,617

235

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	76,525		Arcosa, Inc	$	3,347,969
	22,541		Argan, Inc		949,202
	31,669	*	Armstrong Flooring, Inc		112,108
	35,870		Astec Industries, Inc		1,479,279
	35,043	*	Astronics Corp		883,084
	74,067	*	Atkore International Group, Inc		2,940,460
	92,670	*	Axon Enterprise, Inc		7,117,983
	40,190		AZZ, Inc		1,658,239
	73,669		Barnes Group, Inc		4,653,671
	107,632	*	Beacon Roofing Supply, Inc		3,563,696
	88,378	*,e	Bloom Energy Corp		696,419
	25,623	*	Blue Bird Corp		505,542
	13,308	*,e	BlueLinx Holdings, Inc		156,103
	104,194	*	BMC Stock Holdings, Inc		3,040,902
	60,635		Briggs & Stratton Corp		222,530
	178,155	*	Builders FirstSource, Inc		4,417,353
	36,566	e	Caesarstone Sdot-Yam Ltd		478,283
	25,696	*	CAI International, Inc		698,931
	57,686	*	Chart Industries, Inc		3,690,750
	31,248	*	CIRCOR International, Inc		1,297,729
	36,720		Columbus McKinnon Corp		1,284,833
	56,756		Comfort Systems USA, Inc		2,633,478
	49,713	*	Commercial Vehicle Group, Inc		248,068
	39,950	*,e	Concrete Pumping Holdings Inc		203,745
	28,256	*	Construction Partners Inc		474,136
	54,899	*	Continental Building Products, Inc		2,030,714
	80,111	*	Cornerstone Building Brands, Inc		687,352
	23,702		CSW Industrials, Inc		1,798,508
	49,692		Cubic Corp		3,244,391
	36,025		Douglas Dynamics, Inc		1,888,791
	17,193	*	Ducommun, Inc		703,709
	25,440	*	DXP Enterprises, Inc		882,005
	48,602	*	Dycom Industries, Inc		1,964,493
	6,567		Eastern Co		181,906
	88,174		EMCOR Group, Inc		7,245,257
	32,504		Encore Wire Corp		1,765,292
	66,324	*,e	Energous Corp		104,129
	59,962	*,e	Energy Recovery, Inc		612,212
	85,449		Enerpac Tool Group Corp		1,974,726
	67,707		EnerSys		4,872,196
	32,105		EnPro Industries, Inc		1,876,216
	40,641		ESCO Technologies, Inc		3,899,910
	6,720	e	EVI Industries, Inc		179,827
	119,330	*	Evoqua Water Technologies Corp		2,383,020
	94,070		Federal Signal Corp		3,025,291
	32,399	*	Foundation Building Materials, Inc		577,674
	73,808		Franklin Electric Co, Inc		4,257,984
	54,688		GATX Corp		4,163,397
	9,606	*	Gencor Industries, Inc		107,683
	95,641	*	Generac Holdings, Inc		9,907,451
	16,974	*	General Finance Corp		164,139
	51,558	*	Gibraltar Industries, Inc		2,810,942
	62,728	*	GMS, Inc		1,676,092

236

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	27,897		Gorman-Rupp Co	$	1,029,678
	15,454		Graham Corp		282,499
	73,578	e	Granite Construction, Inc		1,996,171
	98,525	*	Great Lakes Dredge & Dock Corp		1,031,557
	49,605		Greenbrier Cos, Inc		1,194,984
	56,848		Griffon Corp		1,181,870
	50,102		H&E Equipment Services, Inc		1,358,265
	124,075	*	Harsco Corp		1,848,717
	46,673		Helios Technologies, Inc		1,984,536
	38,148	*	Herc Holdings, Inc		1,530,498
	113,383		Hillenbrand, Inc		3,291,508
	9,801		Hurco Cos, Inc		306,771
	15,780		Hyster-Yale Materials Handling, Inc		851,962
	15,169	*	IES Holdings, Inc		379,377
	29,771		Insteel Industries, Inc		665,977
	108,570	*	JELD-WEN Holding, Inc		2,592,652
	49,402		John Bean Technologies Corp		5,581,932
	17,703		Kadant, Inc		1,887,140
	43,320		Kaman Corp		2,673,710
	129,047		Kennametal, Inc		4,037,881
	140,534	*	Kratos Defense & Security Solutions, Inc		2,577,394
	7,652	*	Lawson Products, Inc		361,327
	14,955	*	LB Foster Co (Class A)		253,637
	16,899		Lindsay Corp		1,690,407
	43,089		Luxfer Holdings plc		687,270
	29,695	*	Lydall, Inc		606,966
	55,657	*	Manitowoc Co, Inc		804,244
	38,433	*	Masonite International Corp		2,886,703
	94,681	*	Mastec, Inc		5,467,828
	94,530	e	Maxar Technologies, Inc		1,508,699
	85,353	*	Mercury Systems, Inc		6,550,843
	118,113	*	Meritor, Inc		2,587,856
	17,459		Miller Industries, Inc		600,764
	50,537		Moog, Inc (Class A)		4,528,621
	121,632	*	MRC Global, Inc		1,369,576
	88,327		Mueller Industries, Inc		2,576,499
	247,680		Mueller Water Products, Inc (Class A)		2,885,472
	25,498	*	MYR Group, Inc		732,303
	8,257		National Presto Industries, Inc		711,671
	78,550	*	Navistar International Corp		2,876,501
	65,754		NN, Inc		567,457
	14,086	*	Northwest Pipe Co		461,035
	176,053	*	NOW, Inc		1,762,291
	16,719	*	NV5 Global Inc		1,038,417
	4,307		Omega Flex, Inc		453,958
	30,133	*	Parsons Corp		1,232,440
	36,080		Patrick Industries, Inc		1,871,830
	92,447	*	PGT, Inc		1,432,928
	379,993	*,e	Plug Power, Inc		1,468,673
	15,492		Powell Industries, Inc		639,355
	5,197		Preformed Line Products Co		283,860
	70,684		Primoris Services Corp		1,507,690
	42,457	*	Proto Labs, Inc		4,394,299
	49,507		Quanex Building Products Corp		877,264

237

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	57,336		Raven Industries, Inc	$	1,798,057
	38,143	*	RBC Bearings, Inc		5,931,618
	47,548		REV Group, Inc		475,480
	167,835	*	Rexnord Corp		5,479,813
	42,928		Rush Enterprises, Inc (Class A)		1,845,904
	8,409		Rush Enterprises, Inc (Class B)		373,023
	70,023		Simpson Manufacturing Co, Inc		5,788,801
	64,060	*,e	SiteOne Landscape Supply, Inc		6,184,993
	67,989	*	SPX Corp		3,336,220
	65,937	*	SPX FLOW, Inc		2,884,084
	19,339		Standex International Corp		1,413,488
	42,425	*	Sterling Construction Co, Inc		558,949
	177,318	*	Sunrun, Inc		3,019,726
	19,807		Systemax, Inc		468,436
	28,909		Tennant Co		2,232,353
	99,747		Terex Corp		2,528,586
	83,187	*	Textainer Group Holdings Ltd		787,781
	50,899	*	Thermon Group Holdings		1,206,306
	80,213		Titan International, Inc		229,409
	31,094	*	Titan Machinery, Inc		379,658
	46,165	*	TPI Composites, Inc		957,924
	10,107	*	Transcat Inc		309,274
	92,770	*	Trex Co, Inc		9,113,725
	71,413	*	Trimas Corp		2,051,695
	85,011		Triton International Ltd		3,192,163
	81,249		Triumph Group, Inc		1,659,917
	60,197	*	Tutor Perini Corp		677,818
	15,363	*	Twin Disc, Inc		149,789
	94,719		Universal Forest Products, Inc		4,537,040
	18,165	*	Vectrus, Inc		1,012,699
	21,830	*	Veritiv Corp		307,366
	27,989	*	Vicor Corp		1,400,849
	75,286	*,e	Vivint Solar, Inc		614,334
	81,739		Wabash National Corp		948,172
	43,744		Watts Water Technologies, Inc (Class A)		4,361,714
	202,825	*	Welbilt, Inc		3,060,629
	5,431	*	Willis Lease Finance Corp		322,058
	82,077	*	Willscot Corp		1,547,151
			TOTAL CAPITAL GOODS		329,519,124
COMMERCIAL & PROFESSIONAL SERVICES - 4.2%
	104,841		ABM Industries, Inc		3,998,636
	83,311	*	Acacia Research (Acacia Technologies)		208,278
	148,648		ACCO Brands Corp		1,284,319
	114,687	*	Advanced Disposal Services, Inc		3,778,937
	81,295	*	ASGN Inc		5,502,859
	11,667		Barrett Business Services, Inc		966,378
	14,801		BG Staffing, Inc		297,796
	75,096		Brady Corp (Class A)		4,158,066
	52,826	*	BrightView Holdings, Inc		834,651
	78,454		Brink’s Co		6,605,042
	72,213	*	Casella Waste Systems, Inc (Class A)		3,696,583
	82,431	*	CBIZ, Inc		2,225,637

238

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	45,390	*	Ceco Environmental Corp	$	344,964
	31,351	*	Cimpress plc		3,750,520
	1,670		Compx International, Inc		26,971
	188,919		Covanta Holding Corp		2,830,007
	13,208		CRA International, Inc		703,722
	66,317		Deluxe Corp		3,196,479
	41,579		Ennis, Inc		867,338
	82,416		Exponent, Inc		5,997,412
	17,056	*	Forrester Research, Inc		705,607
	16,520	*	Franklin Covey Co		525,336
	59,130	*	FTI Consulting, Inc		7,099,147
	20,419	*	GP Strategies Corp		271,777
	119,385		Healthcare Services Group		3,056,256
	31,633		Heidrick & Struggles International, Inc		899,010
	23,484	*	Heritage-Crystal Clean, Inc		665,771
	92,506		Herman Miller, Inc		3,575,357
	66,454		HNI Corp		2,390,350
	36,036	*	Huron Consulting Group, Inc		2,335,493
	28,785		ICF International, Inc		2,521,278
	76,117	*	Innerworkings, Inc		315,886
	59,114		Insperity, Inc		5,164,790
	89,266		Interface, Inc		1,435,397
	54,986		Kelly Services, Inc (Class A)		976,551
	31,778		Kforce, Inc		1,177,375
	53,929		Kimball International, Inc (Class B)		1,012,787
	76,811		Knoll, Inc		1,901,840
	89,358		Korn/Ferry International		3,661,891
	48,594		Matthews International Corp (Class A)		1,813,528
	37,888		McGrath RentCorp		2,929,500
	30,646	*	Mistras Group, Inc		339,251
	70,026		Mobile Mini, Inc		2,922,885
	55,453		MSA Safety, Inc		7,519,427
	9,268	*	NL Industries, Inc		31,140
	279,976		Pitney Bowes, Inc		1,047,110
	122,792	*	Precigen, Inc		570,983
	54,428		Quad Graphics, Inc		231,319
	47,724		Resources Connection, Inc		726,598
	114,081		RR Donnelley & Sons Co		273,794
	34,993	*	SP Plus Corp		1,463,057
	135,435		Steelcase, Inc (Class A)		2,520,445
	46,195	*	Team, Inc		628,252
	85,565		Tetra Tech, Inc		7,324,364
	70,011	*	TriNet Group, Inc		3,994,828
	60,174	*	TrueBlue, Inc		1,318,412
	23,662		Unifirst Corp		4,825,392
	37,664	e	US Ecology, Inc		2,034,233
	31,451		Viad Corp		2,044,315
	13,806		VSE Corp		429,505
	15,639	*	Willdan Group, Inc		518,120
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		136,472,952
CONSUMER DURABLES & APPAREL - 3.3%
	56,066		Acushnet Holdings Corp		1,736,364
	83,006	*	American Outdoor Brands Corp		781,917

239

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	12,138		Bassett Furniture Industries, Inc	$	148,448
	45,377	*	Beazer Homes USA, Inc		623,934
	146,168		Callaway Golf Co		3,130,919
	13,702	*	Cavco Industries, Inc		3,069,522
	40,838	*	Century Communities, Inc		1,211,664
	39,749		Clarus Corp		525,283
	108,629	*	CROCS, Inc		4,118,125
	17,842		Culp, Inc		225,344
	44,347	*	Deckers Outdoor Corp		8,466,286
	9,151	*	Delta Apparel, Inc		229,507
	12,451		Escalade, Inc		109,569
	37,258		Ethan Allen Interiors, Inc		601,717
	14,191		Flexsteel Industries, Inc		232,732
	76,432	*,e	Fossil Group, Inc		514,387
	69,925	*	G-III Apparel Group Ltd		1,902,659
	197,229	*,e	GoPro, Inc		777,082
	44,381	*	Green Brick Partners, Inc		514,376
	10,698		Hamilton Beach Brands Holding Co		169,028
	39,538	*	Helen of Troy Ltd		7,474,659
	19,698		Hooker Furniture Corp		485,359
	36,319	*	Installed Building Products, Inc		2,692,328
	42,906	*,e	iRobot Corp		2,018,727
	7,752		Johnson Outdoors, Inc		609,307
	133,167		KB Home		5,000,421
	70,474		Kontoor Brands, Inc		2,687,878
	70,046		La-Z-Boy, Inc		2,146,209
	11,965	*	Legacy Housing Corp		167,869
	31,692	*	LGI Homes, Inc		2,527,120
	20,611		Lifetime Brands, Inc		139,537
	14,853	*	Lovesac Co		168,582
	41,905	*	M/I Homes, Inc		1,860,163
	32,079	*	Malibu Boats, Inc		1,404,739
	14,127		Marine Products Corp		197,778
	28,055	*	MasterCraft Boat Holdings, Inc		492,926
	79,600		MDC Holdings, Inc		3,354,344
	56,977	*	Meritage Homes Corp		4,043,088
	23,252		Movado Group, Inc		400,399
	6,361		Nacco Industries, Inc (Class A)		299,858
	26,193		Oxford Industries, Inc		1,817,794
	14,768	*	Purple Innovation, Inc		185,634
	11,498		Rocky Brands, Inc		312,056
	80,132		Skyline Champion Corp		2,303,795
	109,652	*	Sonos, Inc		1,504,425
	131,102		Steven Madden Ltd		5,055,293
	27,641		Sturm Ruger & Co, Inc		1,368,782
	15,461		Superior Uniform Group, Inc		178,265
	166,700	*	Taylor Morrison Home Corp		4,314,196
	52,563	*	TopBuild Corp		6,018,989
	217,737	*	TRI Pointe Homes, Inc		3,540,404
	77,996		Tupperware Brands Corp		488,255
	23,912	*	Unifi, Inc		514,586
	21,188	*	Universal Electronics, Inc		1,049,442
	33,254	*	Vera Bradley, Inc		318,573

240

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	4,582	*,e	Vince Holding Corp	$	67,676
	90,916	*	Vista Outdoor, Inc		675,506
	51,938	*	William Lyon Homes, Inc		1,204,442
	125,298		Wolverine World Wide, Inc		3,955,658
	66,721	*,e	YETI Holdings, Inc		2,425,976
	43,719	*,e	ZAGG, Inc		330,516
			TOTAL CONSUMER DURABLES & APPAREL		104,890,417
CONSUMER SERVICES - 3.7%
	84,790	*	Adtalem Global Education, Inc		2,926,103
	25,676	*	American Public Education, Inc		611,859
	103,108		BBX Capital Corp		400,059
	1,723	*	Biglari Holdings, Inc (B Shares)		186,911
	30,177		BJ’s Restaurants, Inc		1,200,441
	138,298		Bloomin’ Brands, Inc		2,872,449
	12,062	e	Bluegreen Vacations Corp		110,729
	128,272		Boyd Gaming Corp		3,828,919
	58,428		Brinker International, Inc		2,494,291
	25,532		Carriage Services, Inc		604,342
	53,205	*	Carrols Restaurant Group, Inc		241,551
	42,809	*	Century Casinos, Inc		356,599
	65,434		Cheesecake Factory		2,512,666
	186,298	*	Chegg, Inc		7,681,067
	55,161		Churchill Downs, Inc		7,964,145
	25,593	*	Chuy’s Holdings, Inc		628,308
	15,899		Collectors Universe		390,479
	37,768		Cracker Barrel Old Country Store, Inc		5,775,860
	48,596		Dave & Buster’s Entertainment, Inc		2,145,999
	45,597	*	Del Taco Restaurants, Inc		343,801
	91,360	*	Denny’s Corp		1,870,139
	25,022	e	Dine Brands Global Inc.		2,133,126
	90,362	*	Drive Shack, Inc		341,568
	29,831	*	El Pollo Loco Holdings, Inc		411,071
	103,187	*,e	Eldorado Resorts, Inc		6,168,519
	40,041	*	Fiesta Restaurant Group, Inc		397,607
	27,659	*	Golden Entertainment, Inc		474,628
	36,890	*	Habit Restaurants, Inc		513,140
	162,328	*	Houghton Mifflin Harcourt Co		896,051
	23,634	*	J Alexander’s Holdings, Inc		226,414
	40,268		Jack in the Box, Inc		3,291,909
	61,253	*	K12, Inc		988,623
	5,261	*	Kura Sushi USA, Inc		118,478
	185,800	*	Laureate Education, Inc		3,872,072
	35,052	*	Lindblad Expeditions Holdings, Inc		578,008
	65,137		Marriott Vacations Worldwide Corp		7,832,073
	18,061	*	Monarch Casino & Resort, Inc		969,515
	4,525		Nathan’s Famous, Inc		298,650
	42,388	*	Noodles & Co		302,650
	72,790	e	OneSpaWorld Holdings Ltd		1,092,578
	35,114		Papa John’s International, Inc		2,274,685
	172,802	*	Penn National Gaming, Inc		5,154,684
	108,031	*	Perdoceo Education Corp		1,920,791
	39,315	*	PlayAGS, Inc		404,158
	33,767	*	Potbelly Corp		145,536

241

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	16,089		RCI Hospitality Holdings, Inc	$	285,258
	42,335	*	Red Lion Hotels Corp		116,845
	22,207	*	Red Robin Gourmet Burgers, Inc		729,944
	111,502		Red Rock Resorts, Inc		2,732,914
	36,810	*	Regis Corp		571,291
	44,698		Ruth’s Hospitality Group Inc		916,309
	89,044	*	Scientific Games Corp (Class A)		2,211,853
	76,050	*	SeaWorld Entertainment, Inc		2,620,683
	31,595	*	Select Interior Concepts Inc		260,975
	46,401	*	Shake Shack, Inc		3,129,747
	33,888		Strategic Education, Inc		5,499,684
	48,787	*	Target Hospitality Corp		266,865
	103,491		Texas Roadhouse, Inc (Class A)		6,468,188
	27,486	e	Twin River Worldwide Holdings Inc		732,502
	46,297		Wingstop, Inc		4,294,973
	75,335	*	WW International Inc		2,484,548
			TOTAL CONSUMER SERVICES		119,275,830
DIVERSIFIED FINANCIALS - 4.1%
	56,921		AG Mortgage Investment Trust		902,198
	4,667		Alerus Financial Corp		98,474
	164,465		Anworth Mortgage Asset Corp		588,785
	242,317		Apollo Commercial Real Estate Finance, Inc		4,429,555
	43,503		Ares Commercial Real Estate Corp		710,839
	112,478		Ares Management Corp		4,055,957
	63,039	e	Arlington Asset Investment Corp (Class A)		358,062
	93,240	*	ARMOUR Residential REIT, Inc		1,795,802
	77,032		Artisan Partners Asset Management, Inc		2,572,869
	21,259	*	Assetmark Financial Holdings, Inc		623,527
	3,336	e	Associated Capital Group, Inc		139,345
	33,565		B. Riley Financial, Inc		900,213
	49,099		Banco Latinoamericano de Exportaciones S.A. (Class E)		989,836
	199,509		Blackstone Mortgage Trust, Inc		7,621,244
	79,205	*	Blucora, Inc		1,786,073
	109,797		Brightsphere Investment Group, Inc		1,011,230
	17,377	*,†	Calamos Asset Management, Inc		0
	105,094	*	Cannae Holdings, Inc		4,273,122
	144,647		Capstead Mortgage Corp		1,188,998
	28,027		Cherry Hill Mortgage Investment Corp		430,495
	35,985		Cohen & Steers, Inc		2,662,170
	130,875		Colony Credit Real Estate, Inc		1,629,394
	44,627	*	Cowen Group, Inc		717,156
	27,634	*	Curo Group Holdings Corp		287,670
	5,031		Diamond Hill Investment Group, Inc		708,214
	46,023	*	Donnelley Financial Solutions, Inc		416,968
	34,804		Dynex Capital, Inc		620,207
	27,627	*	Elevate Credit, Inc		160,513
	48,878		Ellington Financial Inc		893,001
	48,231	*,e	Encore Capital Group, Inc		1,637,442
	53,002	*	Enova International, Inc		1,328,230
	50,790		Exantas Capital Corp		613,543
	80,384	*	Ezcorp, Inc (Class A)		499,989
	150,589		Federated Investors, Inc (Class B)		5,455,839

242

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	234,397		FGL Holdings	$	2,261,931
	65,483		FirstCash, Inc		5,695,057
	47,435	*	Focus Financial Partners, Inc		1,340,039
	42,779	e	Gain Capital Holdings, Inc		167,266
	8,193		GAMCO Investors, Inc (Class A)		135,594
	85,458		Granite Point Mortgage Trust, Inc		1,563,027
	24,464		Great Ajax Corp		369,162
	76,976	*	Green Dot Corp		2,315,438
	26,235		Greenhill & Co, Inc		410,840
	6,768	e	GWG Holdings Inc		59,152
	34,958		Hamilton Lane, Inc		2,270,522
	65,465		Houlihan Lokey, Inc		3,394,360
	24,954	*	INTL FCStone, Inc		1,189,308
	227,758		Invesco Mortgage Capital, Inc		3,983,487
	59,886	e	iShares Russell 2000 Index Fund		9,613,499
	42,685		KKR Real Estate Finance Trust, Inc		898,519
	162,499		Ladder Capital Corp		2,981,857
	187,509		Ladenburg Thalmann Financial Services, Inc		654,406
	106,759	*	LendingClub Corp		1,251,216
	14,409		Marlin Business Services Corp		283,857
	30,544	*,e	Medallion Financial Corp		210,448
	74,975		Moelis & Co		2,699,100
	27,710		Nelnet, Inc (Class A)		1,586,675
	414,266		New York Mortgage Trust, Inc		2,630,589
	35,784	*,†	NewStar Financial, Inc		8,640
	112,017	*	On Deck Capital, Inc		457,029
	11,561	*	Oportun Financial Corp		243,243
	17,010		Oppenheimer Holdings, Inc		468,626
	98,542		Orchid Island Capital, Inc		595,194
	141,454		PennyMac Mortgage Investment Trust		3,288,806
	27,062	*	Pico Holdings, Inc		269,267
	21,201		Piper Jaffray Cos		1,747,598
	36,436		PJT Partners, Inc		1,676,785
	70,250	*	PRA Group, Inc		2,484,040
	31,033		Pzena Investment Management, Inc (Class A)		254,160
	47,214		Ready Capital Corp		770,533
	176,242		Redwood Trust, Inc		3,107,146
	14,569	*	Regional Management Corp		401,376
	31,121		Safeguard Scientifics, Inc		331,127
	29,646		Sculptor Capital Management, Inc		680,079
	9,050	*,e	Siebert Financial Corp		62,174
	8,405		Silvercrest Asset Management Group, Inc		99,851
	104,397		Stifel Financial Corp		6,753,442
	77,342		TPG RE Finance Trust, Inc		1,583,191
	1,276		Value Line, Inc		42,044
	10,066		Virtus Investment Partners, Inc		1,238,420
	112,930	e	Waddell & Reed Financial, Inc (Class A)		1,804,621
	84,625		Western Asset Mortgage Capital Corp		897,871
	13,237		Westwood Holdings Group, Inc		371,695
	215,119		WisdomTree Investments, Inc		905,651
	8,602	*,e	World Acceptance Corp		743,815
			TOTAL DIVERSIFIED FINANCIALS		131,358,733

243

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
ENERGY - 2.5%
	244,708	*	Abraxas Petroleum Corp	$	56,038
	74,423	*,e	Altus Midstream Co		154,800
	30,767		Amplify Energy Corp		165,834
	23,766	e	Arch Coal, Inc		1,224,662
	207,050		Archrock, Inc		1,728,868
	54,093	*	Ardmore Shipping Corp		332,672
	102,052		Berry Petroleum Co LLC		699,056
	30,979	*	Bonanza Creek Energy, Inc		563,508
	23,774		Brigham Minerals, Inc		404,396
	74,999		Cactus, Inc		2,161,471
	75,939	*,e	California Resources Corp		557,392
	614,196	*	Callon Petroleum Co		1,842,588
	61,905	*,e	Chaparral Energy Inc		63,762
	217,570	*	Clean Energy Fuels Corp		500,411
	299,139	*	CNX Resources Corp		2,162,775
	22,205	*,e	Comstock Resources Inc		122,794
	40,972	*	CONSOL Energy, Inc		333,102
	29,547	*	Contura Energy Inc		171,077
	94,509	*,e	Covia Holdings Corp		151,214
	45,388		CVR Energy, Inc		1,570,879
	117,382		Delek US Holdings, Inc		3,223,310
	810,352	*	Denbury Resources, Inc		798,197
	143,520		DHT Holdings, Inc		808,018
	97,887	*,e	Diamond Offshore Drilling, Inc		453,217
	40,012	*	Diamond S Shipping Inc		443,333
	23,217	e	DMC Global, Inc		971,167
	42,831	*	Dorian LPG Ltd		561,943
	56,236	*	Dril-Quip, Inc		2,300,052
	33,623	*	Earthstone Energy, Inc		168,115
	139,519	*,e	Energy Fuels, Inc		198,117
	32,657	*	Era Group, Inc		324,611
	40,260		Evolution Petroleum Corp		202,910
	48,747	*	Exterran Corp		263,234
	147,875	*,e	Extraction Oil & Gas, Inc		209,983
	58,112		Falcon Minerals Corp		319,616
	141,872	*	Forum Energy Technologies, Inc		150,384
	174,875	*	Frank’s International NV		612,063
	58,518	*	FTS International, Inc		35,813
	62,599		GasLog Ltd		405,642
	19,584	*	Geospace Technologies Corp		262,621
	148,544		Golar LNG Ltd		1,428,993
	10,568	*	Goodrich Petroleum Corp		70,911
	58,738		Green Plains Inc		732,463
	244,979	*	Gulfport Energy Corp		379,717
	33,512		Hallador Energy Co		55,630
	225,838	*	Helix Energy Solutions Group, Inc		1,883,489
	198,949	*	HighPoint Resources Corp		230,781
	75,910	*	Independence Contract Drilling, Inc		53,319
	39,063	*	International Seaways, Inc		869,542
	33,152	*	KLX Energy Services Holdings, Inc		133,934
	305,140	*	Laredo Petroleum Holdings, Inc		524,841
	82,563		Liberty Oilfield Services, Inc		700,134
	157,575	*	Magnolia Oil & Gas Corp		1,657,689

244

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	28,914		Mammoth Energy Services, Inc	$	41,058
	174,879	*	Matador Resources Co		2,565,475
	43,973	*	Matrix Service Co		884,737
	31,688	*	Montage Resources Corp		115,661
	554,674		Nabors Industries Ltd		1,148,175
	37,485	*	National Energy Services Reunited Corp		247,026
	20,410	*	Natural Gas Services Group, Inc		214,713
	12,987	*	NCS Multistage Holdings, Inc		19,870
	134,162	*	Newpark Resources, Inc		670,810
	9,330	*,e	NextDecade Corp		45,624
	257,739	*	NexTier Oilfield Solutions, Inc		1,327,356
	24,363	*,e	Nine Energy Service, Inc		117,917
	463,281	*	Noble Corp plc		374,238
	216,212		Nordic American Tankers Ltd		730,797
	464,998	*	Northern Oil And Gas, Inc		771,897
	490,355	*	Oasis Petroleum, Inc		1,103,299
	156,800	*	Oceaneering International, Inc		1,945,888
	95,405	*	Oil States International, Inc		1,028,466
	95,875	*	Overseas Shipholding Group, Inc		170,658
	9,644	*,e	Pacific Drilling SA		17,745
	24,068		Panhandle Oil and Gas, Inc (Class A)		174,012
	55,477	*	Par Pacific Holdings, Inc		1,116,197
	13,834	*	Parker Drilling Co		232,688
	160,617	*	PDC Energy, Inc		3,467,721
	108,607		Peabody Energy Corp		734,183
	23,644	*	Penn Virginia Corp		505,272
	768	*	PrimeEnergy Corp		111,859
	130,990	*	ProPetro Holding Corp		1,275,843
	371,547		QEP Resources Inc		1,177,804
	57,873	*	Renewable Energy Group, Inc		1,520,902
	8,964	*	Rex American Resources Corp		675,437
	23,949	*	RigNet, Inc		99,628
	91,109	*,e	Ring Energy, Inc		196,795
	23,757	*	Rosehill Resources, Inc		25,182
	85,718	e	RPC, Inc		388,303
	49,886	*	SandRidge Energy, Inc		127,209
	70,120		Scorpio Tankers, Inc		1,636,601
	26,978	*	SEACOR Holdings, Inc		1,014,103
	28,281	*	SEACOR Marine Holdings, Inc		295,254
	98,442	*	Select Energy Services, Inc		685,156
	126,898		SFL Corp Ltd		1,680,130
	8,404	*	SilverBow Resources, Inc		44,709
	174,917		SM Energy Co		1,605,738
	33,590	*,e	Smart Sand, Inc		68,188
	47,476		Solaris Oilfield Infrastructure, Inc		547,398
	835,821	*,e	Southwestern Energy Co		1,312,239
	30,883	*	Talos Energy, Inc		677,573
	120,508	e	Teekay Corp		429,008
	36,804	*	Teekay Tankers Ltd		599,537
	149,981	*,e	Tellurian, Inc		1,052,867
	203,947	*	Tetra Technologies, Inc		312,039
	61,550	*	Tidewater, Inc		934,329
	83,708	*	Unit Corp		33,466
	270,509	*,e	Uranium Energy Corp		224,495

245

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	114,007	e	US Silica Holdings, Inc	$	585,996
	29,571	*	US Well Services Inc		39,625
	151,370	*	W&T Offshore, Inc		626,672
	139,648	*,e	Whiting Petroleum Corp		634,002
	101,614		World Fuel Services Corp		3,975,140
			TOTAL ENERGY		80,785,798
FOOD & STAPLES RETAILING - 0.5%
	49,275		Andersons, Inc		1,114,600
	38,192	*	Chefs’ Warehouse Holdings, Inc		1,390,189
	11,408	*,e	HF Foods Group Inc		198,499
	21,713		Ingles Markets, Inc (Class A)		905,215
	15,774		Natural Grocers by Vitamin C		142,755
	163,039	*	Performance Food Group Co		8,443,790
	35,387		Pricesmart, Inc		2,167,808
	91,081	*,e	Rite Aid Corp		1,088,418
	55,376		SpartanNash Co		674,480
	85,023	*	United Natural Foods, Inc		612,165
	12,873		Village Super Market (Class A)		286,553
	14,207		Weis Markets, Inc		521,255
			TOTAL FOOD & STAPLES RETAILING		17,545,727
FOOD, BEVERAGE & TOBACCO - 1.7%
	175,658	*,e	22nd Century Group, Inc		162,800
	6,265		Alico, Inc		225,477
	103,798	e	B&G Foods, Inc (Class A)		1,666,996
	13,264	*	Boston Beer Co, Inc (Class A)		4,727,024
	2,556	*	Bridgford Foods Corp		48,717
	25,398	e	Calavo Growers, Inc		1,945,741
	49,356		Cal-Maine Foods, Inc		1,761,516
	47,762	*,e	Celsius Holdings, Inc		257,915
	7,311		Coca-Cola Consolidated Inc		1,979,892
	19,135	*	Craft Brewers Alliance, Inc		313,814
	260,438	*	Darling International, Inc		7,065,683
	16,534	*	Farmer Bros Co		198,077
	49,622		Fresh Del Monte Produce, Inc		1,557,139
	54,721	*	Freshpet, Inc		3,440,857
	191,651	*	Hostess Brands, Inc		2,571,957
	23,863		J&J Snack Foods Corp		3,957,440
	13,321		John B. Sanfilippo & Son, Inc		1,122,960
	29,765		Lancaster Colony Corp		4,603,157
	40,070	*	Landec Corp		448,784
	25,431		Limoneira Co		496,413
	20,132	e	MGP Ingredients, Inc		685,696
	17,909	e	National Beverage Corp		768,475
	138,626	*,e	New Age Beverages Corp		241,209
	55,014	*	Primo Water Corp		829,061
	31,180		Sanderson Farms, Inc		4,293,174
	11,015	*	Seneca Foods Corp		435,643
	132,307	*	Simply Good Foods Co		3,039,092
	26,021	e	Tootsie Roll Industries, Inc		887,576
	13,030	e	Turning Point Brands, Inc		297,605
	38,500		Universal Corp		2,046,275

246

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	172,005		Vector Group Ltd	$	2,260,146
			TOTAL FOOD, BEVERAGE & TOBACCO		54,336,311
HEALTH CARE EQUIPMENT & SERVICES - 7.5%
	131,440	*	Accuray, Inc		511,302
	19,599	*	Addus HomeCare Corp		1,848,970
	254,732	*	Allscripts Healthcare Solutions, Inc		2,185,601
	61,624	*	Alphatec Holdings Inc		428,903
	49,273	*	Amedisys, Inc		8,696,192
	30,348	*	American Renal Associates Holdings, Inc		275,560
	72,396	*	AMN Healthcare Services, Inc		4,878,042
	60,515	*	Angiodynamics, Inc		833,292
	250,753	*	Antares Pharma, Inc		920,264
	9,651	*,e	Apollo Medical Holdings, Inc		172,946
	51,139	*	Apyx Medical Corp		388,145
	60,232	*	AtriCure, Inc		2,343,025
	2,278		Atrion Corp		1,638,315
	32,121	*,e	Avalon GloboCare Corp		56,854
	76,248	*	Avanos Medical, Inc		2,099,870
	53,438	*	AxoGen, Inc		660,494
	24,641	*,e	Axonics Modulation Technologies, Inc		715,328
	9,868	*,e	BioLife Solutions Inc		136,080
	23,247	*,e	BioSig Technologies Inc		113,445
	51,987	*	BioTelemetry, Inc		2,543,204
	289,821	*	Brookdale Senior Living, Inc		1,909,920
	55,220	*	Cardiovascular Systems, Inc		2,506,436
	149,336	*	Castlight Health, Inc		185,177
	10,467	*,e	Catasys Inc		179,195
	216,953	*	Cerus Corp		869,982
	113,135	*,e	Community Health Systems, Inc		485,349
	18,622		Computer Programs & Systems, Inc		484,172
	94,450	*	ConforMIS, Inc		94,025
	43,095		Conmed Corp		4,381,900
	14,797	*	Corvel Corp		1,354,961
	56,469	*	Cross Country Healthcare, Inc		559,043
	58,712	*	CryoLife, Inc		1,746,095
	48,562	*,e	CryoPort, Inc		869,745
	21,998	*	Cutera, Inc		619,904
	41,296	*,e	CytoSorbents Corp		204,002
	95,753	*	Diplomat Pharmacy, Inc		381,097
	20,440	*,e	ElectroCore LLC		25,754
	79,530		Ensign Group, Inc		3,594,756
	68,286	*	Enzo Biochem, Inc		171,398
	120,824	*	Evolent Health, Inc		1,217,906
	5,290	*	Exagen, Inc		109,238
	145,787	*	Genesis Health Care, Inc		218,680
	90,683	*	GenMark Diagnostics, Inc		488,781
	62,094	*	Glaukos Corp		3,492,788
	119,645	*	Globus Medical, Inc		6,255,041
	80,757	*	Haemonetics Corp		8,672,494
	57,838	*	Hanger Inc		1,412,982
	12,622	*	Health Catalyst, Inc		412,108
	109,008	*	HealthEquity, Inc		7,201,069
	39,664		HealthStream, Inc		1,013,415

247

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	10,667	*	Heska Corp	$	1,068,727
	138,869	*	HMS Holdings Corp		3,793,901
	28,397	*	Inogen, Inc		1,257,135
	114,329	*	Inovalon Holdings, Inc		2,316,306
	21,022	*	Inspire Medical Systems, Inc		1,572,446
	51,119	*	Integer Holding Corp		4,365,563
	13,673	*	IntriCon Corp		232,851
	60,371		Invacare Corp		464,253
	7,027	*,e	iRadimed Corp		179,189
	41,681	*	iRhythm Technologies, Inc		3,569,144
	19,316	*	Joint Corp		322,577
	61,773	*	Lantheus Holdings, Inc		1,081,645
	25,161		LeMaitre Vascular, Inc		905,419
	47,572	*	LHC Group, Inc		6,933,619
	76,650	*	LivaNova plc		5,209,900
	25,815	*,e	Livongo Health, Inc		623,690
	35,569	*	Magellan Health Services, Inc		2,604,006
	65,618		Meridian Bioscience, Inc		645,681
	86,130	*	Merit Medical Systems, Inc		3,136,855
	6,289		Mesa Laboratories, Inc		1,650,485
	16,023	*	Misonix Inc		267,424
	18,994		National Healthcare Corp		1,593,976
	19,130		National Research Corp		1,294,527
	53,349	*	Natus Medical, Inc		1,669,290
	81,010	*	Neogen Corp		5,449,543
	19,273	*	Neuronetics, Inc		69,961
	46,981	*	Nevro Corp		6,244,245
	87,625	*	NextGen Healthcare, Inc		1,214,483
	136,679	*	Novocure Ltd		11,133,871
	82,345	*	NuVasive, Inc		6,350,446
	65,403	*	Omnicell, Inc		5,315,956
	23,835	*,e	OptimizeRx Corp		263,377
	210,302	*	Option Care Health, Inc		879,062
	99,737	*	OraSure Technologies, Inc		703,146
	28,813	*	Orthofix Medical Inc		1,246,450
	15,359	*	OrthoPediatrics Corp		705,439
	104,879		Owens & Minor, Inc		656,543
	130,837		Patterson Cos, Inc		2,879,722
	39,765	*	Pennant Group, Inc		1,049,796
	30,588	*,e	PetIQ, Inc		909,993
	15,802	*	Phreesia, Inc		489,862
	18,305	*,e	Progyny, Inc		508,879
	18,390	*	Providence Service Corp		1,192,592
	16,512	*,e	Pulse Biosciences, Inc		231,168
	56,517	*	Quidel Corp		4,340,506
	167,178	*	R1 RCM, Inc		2,089,725
	65,813	*	RadNet, Inc		1,485,399
	111,582	*,e	Rockwell Medical, Inc		291,229
	83,566	*	RTI Surgical Holdings Inc		347,635
	26,698	*	SeaSpine Holdings Corp		394,062
	174,861	*	Select Medical Holdings Corp		3,993,825
	175,475	*,e	Senseonics Holdings, Inc		143,521
	40,113	*	Shockwave Medical Inc		1,741,706

248

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	28,403	*	SI-BONE, Inc	$	599,587
	59,883	*,e	Sientra, Inc		362,891
	25,341	*	Silk Road Medical Inc		1,179,370
	17,627		Simulations Plus, Inc		574,288
	11,378	*,e	Soliton Inc		136,081
	70,258	*	Staar Surgical Co		2,363,479
	37,523	*	Surgery Partners, Inc		633,013
	19,960	*	SurModics, Inc		786,224
	30,334	*,e	Tabula Rasa HealthCare, Inc		1,761,495
	28,821	*	Tactile Systems Technology, Inc		1,619,452
	88,054	*	Tandem Diabetes Care, Inc		6,695,626
	114,055	*,e	Teladoc, Inc		11,600,534
	162,832	*	Tenet Healthcare Corp		5,152,004
	75,044	*	Tivity Health, Inc		1,624,327
	22,526	*,e	Transmedics Group, Inc		394,430
	35,180	*,e	Triple-S Management Corp (Class B)		619,872
	19,580		US Physical Therapy, Inc		2,293,601
	5,133		Utah Medical Products, Inc		472,595
	22,768	*	Vapotherm, Inc		237,926
	59,325	*	Varex Imaging Corp		1,640,336
	104,990	*,e	ViewRay, Inc		327,569
	49,523	*	Vocera Communications, Inc		1,090,992
	200,056	*	Wright Medical Group NV		6,029,688
	22,997	e	Zynex Inc		221,001
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		240,060,377
HOUSEHOLD & PERSONAL PRODUCTS - 0.5%
	62,677	*	BellRing Brands, Inc		1,356,330
	18,076	*	Central Garden & Pet Co		582,228
	65,607	*	Central Garden and Pet Co (Class A)		1,965,586
	85,549	*	Edgewell Personal Care Co		2,208,875
	43,603	*	elf Beauty, Inc		683,695
	28,066		Inter Parfums, Inc		1,939,641
	20,649	*	Lifevantage Corp		338,231
	17,853	e	Medifast, Inc		1,725,135
	12,223	*	Nature’s Sunshine Products, Inc		116,852
	8,691		Oil-Dri Corp of America		307,662
	13,688	*,e	Revlon, Inc (Class A)		292,513
	19,891	*	USANA Health Sciences, Inc		1,227,275
	21,565		WD-40 Co		4,028,773
	12,281	*,e	Youngevity International Inc		19,158
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		16,791,954
INSURANCE - 2.3%
	72,148	*	AMBAC Financial Group, Inc		1,546,132
	142,845		American Equity Investment Life Holding Co		3,772,536
	30,019		Amerisafe, Inc		2,053,900
	51,879		Argo Group International Holdings Ltd		3,403,262
	23,837	*	BRP Group, Inc		359,462
	76,788	*,e	Citizens, Inc (Class A)		465,335
	238,382		Conseco, Inc		4,193,139
	24,529		Crawford & Co		214,383
	15,160		Donegal Group, Inc (Class A)		211,482
	35,793	*	eHealth, Inc		3,763,992

249

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	49,050		Employers Holdings, Inc	$	2,091,983
	18,444	*	Enstar Group Ltd		3,601,929
	15,569		FBL Financial Group, Inc (Class A)		837,301
	14,809		FedNat Holding Co		229,984
	814,147	*	Genworth Financial, Inc (Class A)		3,338,003
	12,215		Global Indemnity Ltd		385,139
	18,604	e	Goosehead Insurance, Inc		970,757
	50,299	*	Greenlight Capital Re Ltd (Class A)		468,284
	17,649	*	Hallmark Financial Services		303,563
	10,907		HCI Group, Inc		482,853
	14,397	*,e	Health Insurance Innovations, Inc		330,843
	44,083		Heritage Insurance Holdings, Inc		531,641
	65,238		Horace Mann Educators Corp		2,805,886
	7,770		Independence Holding Co		314,607
	2,119		Investors Title Co		334,378
	45,296		James River Group Holdings Ltd		1,945,010
	32,421		Kinsale Capital Group, Inc		3,703,127
	123,462	*	MBIA, Inc		1,118,566
	107,088		National General Holdings Corp		2,331,306
	3,625		National Western Life Group, Inc		964,250
	12,045	*	NI Holdings, Inc		184,891
	19,658	*	Palomar Holdings, Inc		1,050,720
	85,741		ProAssurance Corp		2,603,954
	14,145	*	ProSight Global, Inc		204,678
	15,779		Protective Insurance Corp		245,995
	63,084		RLI Corp		5,867,443
	23,414		Safety Insurance Group, Inc		2,155,961
	92,952		Selective Insurance Group, Inc		6,158,070
	27,501		State Auto Financial Corp		828,055
	36,075		Stewart Information Services Corp		1,506,131
	113,564	*	Third Point Reinsurance Ltd		1,236,712
	29,168		Tiptree Inc		199,801
	44,821	*,e	Trupanion, Inc		1,430,686
	33,339		United Fire Group Inc		1,475,584
	35,817		United Insurance Holdings Corp		363,184
	47,585		Universal Insurance Holdings, Inc		1,158,219
	29,828	*	Watford Holdings Ltd		651,742
			TOTAL INSURANCE		74,394,859
MATERIALS - 3.7%
	24,757	e	Advanced Emissions Solutions, Inc		281,982
	45,147	*	AdvanSix, Inc		845,152
	512,691	*	AK Steel Holding Corp		1,415,027
	197,467	*	Allegheny Technologies, Inc		3,406,306
	47,693		American Vanguard Corp		890,905
	94,449	*,e	Amyris, Inc		241,789
	51,145		Balchem Corp		5,524,683
	62,095		Boise Cascade Co		2,247,839
	74,722		Carpenter Technology Corp		2,969,452
	85,982	*	Century Aluminum Co		454,845
	11,345		Chase Corp		1,043,400
	25,144	*	Clearwater Paper Corp		709,061
	425,747	e	Cleveland-Cliffs, Inc		2,988,744

250

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	375,195	*	Coeur Mining, Inc	$	2,262,426
	184,338		Commercial Metals Co		3,788,146
	53,615		Compass Minerals International, Inc		3,103,772
	129,321	*	Ferro Corp		1,769,111
	69,112	*,†	Ferroglobe plc		0
	95,983	*,e	Flotek Industries, Inc		163,171
	30,751	*	Forterra, Inc		398,225
	40,163		FutureFuel Corp		440,186
	84,020	*	GCP Applied Technologies, Inc		1,866,924
	95,287	*	Gold Resource Corp		524,079
	41,493		Greif, Inc (Class A)		1,677,147
	9,515		Greif, Inc (Class B)		451,011
	79,470		H.B. Fuller Co		3,672,309
	14,420		Hawkins, Inc		602,468
	19,140		Haynes International, Inc		513,143
	762,358		Hecla Mining Co		2,309,945
	66,228	*	Ingevity Corp		4,319,390
	31,797		Innophos Holdings, Inc		1,016,232
	38,665		Innospec, Inc		3,894,725
	154,641	*	Intrepid Potash, Inc		368,046
	24,144		Kaiser Aluminum Corp		2,418,022
	29,341	*	Koppers Holdings, Inc		920,721
	49,395	*	Kraton Corp		812,548
	36,085	e	Kronos Worldwide, Inc		391,161
	235,095	*	Livent Corp		2,212,244
	185,886		Louisiana-Pacific Corp		5,702,982
	39,524	*	LSB Industries, Inc		119,362
	66,564	*	Marrone Bio Innovations, Inc		76,549
	33,117		Materion Corp		1,798,253
	9,337	*	Mayville Engineering Co Inc		71,055
	54,573		Minerals Technologies, Inc		2,954,036
	54,965		Myers Industries, Inc		889,334
	25,983		Neenah Inc		1,731,507
	369,070	*	Novagold Resources Inc		3,365,918
	18,593		Olympic Steel, Inc		273,317
	70,217	*	Omnova Solutions, Inc		709,894
	98,405		Orion Engineered Carbons SA		1,544,959
	71,305		PH Glatfelter Co		1,190,794
	121,073		PolyOne Corp		4,017,202
	59,559	*	PQ Group Holdings, Inc		911,848
	20,883		Quaker Chemical Corp		3,466,996
	24,375	*,e	Ramaco Resources, Inc		74,831
	83,684		Rayonier Advanced Materials, Inc		257,747
	25,988	*	Ryerson Holding Corp		266,377
	40,003		Schnitzer Steel Industries, Inc (Class A)		643,248
	49,235		Schweitzer-Mauduit International, Inc		1,724,702
	66,212		Sensient Technologies Corp		3,956,167
	31,675		Stepan Co		3,124,739
	176,057	*	Summit Materials, Inc		3,867,972
	114,717		SunCoke Energy, Inc		674,536
	15,787		Synalloy Corp		202,547
	64,558	*	TimkenSteel Corp		411,880
	33,536	*	Trecora Resources		227,039
	42,457		Tredegar Corp		864,000

251

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	63,527		Trinseo S.A.	$	1,824,495
	140,975		Tronox Holdings plc		1,192,649
	9,972	*	UFP Technologies, Inc		464,994
	3,011		United States Lime & Minerals, Inc		270,237
	25,258	*	US Concrete, Inc		898,932
	47,510		Valhi, Inc		78,867
	53,863	*	Verso Corp		907,592
	83,797		Warrior Met Coal, Inc		1,580,411
	61,206	*	Worthington Industries, Inc		2,251,157
			TOTAL MATERIALS		117,503,462
MEDIA & ENTERTAINMENT - 1.6%
	78,788	e	AMC Entertainment Holdings, Inc		513,698
	13,563	*	Baudax Bio, Inc		113,522
	18,910	*,e	Boston Omaha Corp		381,604
	22,595	*	Cardlytics, Inc		1,896,172
	34,214	*	Care.com, Inc		512,184
	119,793	*	Cargurus, Inc		4,270,620
	109,483	*	Cars.com, Inc		1,277,667
	149,808	*	Central European Media Enterprises Ltd (Class A)		669,642
	94,062	*	Clear Channel		256,789
	91,896	*	comScore, Inc		362,989
	21,217	*	Cumulus Media Inc		297,038
	1,761	*,e	Daily Journal Corp		484,275
	75,575	*	DHI Group, Inc		211,610
	41,047		Emerald Expositions Events, Inc		428,120
	196,995		Entercom Communications Corp (Class A)		782,070
	94,262		Entravision Communications Corp (Class A)		209,262
	112,649	*,e	Eros International plc		271,484
	59,090	*	Eventbrite Inc		1,249,754
	13,890	*	EverQuote Inc		509,624
	86,728		EW Scripps Co (Class A)		1,052,878
	68,333	*	Fluent, Inc		185,182
	180,643		Gannett Co, Inc		1,103,729
	190,632	*	Glu Mobile, Inc		1,124,729
	144,964	*	Gray Television, Inc		2,939,870
	29,344	*	Hemisphere Media Group, Inc		394,383
	80,824	*	Imax Corp		1,336,829
	79,097	*	Lee Enterprises, Inc		166,895
	14,652	*	Liberty Braves Group (Class A)		428,571
	55,642	*	Liberty Braves Group (Class C)		1,621,964
	73,798	*	Liberty Latin America Ltd (Class A)		1,230,951
	176,639	*	Liberty Latin America Ltd (Class C)		2,976,367
	113,373	*	Liberty TripAdvisor Holdings, Inc		667,767
	56,648	*,e	LiveXLive Media, Inc		79,307
	21,398	*	Loral Space & Communications, Inc		688,374
	51,428	*	Marchex, Inc (Class B)		175,369
	35,765		Marcus Corp		1,042,550
	82,233	*	MDC Partners, Inc		186,669
	113,025	*	Meet Group, Inc		602,423
	61,705	e	Meredith Corp		1,854,235
	67,754	*,e	MSG Networks, Inc		1,030,538
	102,836		National CineMedia, Inc		758,930

252

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	76,709	*,e	QuinStreet, Inc	$	993,765
	26,334	*	Reading International, Inc		268,607
	31,852	*	Rosetta Stone, Inc		546,262
	6,926		Saga Communications, Inc		209,996
	44,905		Scholastic Corp		1,479,620
	37,457	*	TechTarget, Inc		951,033
	339,826		TEGNA, Inc		5,743,059
	12,306	*	Travelzoo, Inc		124,906
	30,700		Tribune Publishing Co		385,592
	155,467	*	TrueCar, Inc		575,228
	43,015	*	WideOpenWest, Inc		290,351
	109,676	*	Yelp, Inc		3,575,438
			TOTAL MEDIA & ENTERTAINMENT		51,490,491
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 10.3%
	4,657	*	89bio, Inc		124,435
	59,391	*	Abeona Therapeutics, Inc		128,878
	177,109	*	Acadia Pharmaceuticals, Inc		7,073,734
	41,594	*,e	Accelerate Diagnostics, Inc		698,779
	71,063	*	Acceleron Pharma, Inc		6,451,099
	116,095	*,e	AcelRx Pharmaceuticals, Inc		197,361
	7,665	*	Acer Therapeutics Inc		29,127
	51,324	*,e	Aclaris Therapeutics, Inc		63,642
	71,388	*	Acorda Therapeutics, Inc		144,918
	45,371	*,e	Adamas Pharmaceuticals, Inc		233,207
	77,727	*,e	ADMA Biologics, Inc		307,799
	84,160	*	Adverum Biotechnologies, Inc		830,659
	40,056	*	Aeglea BioTherapeutics, Inc		290,807
	65,929	*,e	Aerie Pharmaceuticals, Inc		1,350,226
	122,453	*,e	Affimed NV		320,827
	185,549	*,e	Agenus, Inc		693,953
	31,726	*,e	AgeX Therapeutics, Inc		43,465
	70,102	*,e	Aimmune Therapeutics, Inc		2,176,667
	20,944	*,e	Akcea Therapeutics, Inc		361,703
	185,604	*	Akebia Therapeutics, Inc		1,340,061
	7,420	*,e	Akero Therapeutics, Inc		183,200
	160,527	*	Akorn, Inc		245,606
	16,872	*	Albireo Pharma, Inc		382,994
	116,754	*,†	Alder Biopharmaceuticals Inc		102,744
	35,286	*	Aldeyra Therapeutics, Inc		188,427
	46,696	*	Alector, Inc		1,304,686
	30,514	*,e	Allakos, Inc		2,203,111
	60,724	*,e	Allogene Therapeutics, Inc		1,318,925
	51,103	*,e	AMAG Pharmaceuticals, Inc		452,773
	404,202	*	Amicus Therapeutics, Inc		3,573,146
	186,426	*	Amneal Pharmaceuticals, Inc		837,053
	54,609	*	Amphastar Pharmaceuticals, Inc		1,032,656
	37,940	*	AnaptysBio, Inc		550,889
	63,628	*,e	Anavex Life Sciences Corp		181,976
	14,742	*	ANI Pharmaceuticals, Inc		914,004
	20,833	*	Anika Therapeutics, Inc		856,445
	88,004	*	Apellis Pharmaceuticals, Inc		3,617,844
	10,067	*	Applied Therapeutics, Inc		528,215
	10,177	*	Aprea Therapeutics, Inc		390,186

253

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	49,135	*	Arcus Biosciences, Inc	$	431,405
	83,344	*	Ardelyx, Inc		590,076
	80,408	*	Arena Pharmaceuticals, Inc		3,673,842
	147,050	*	Arrowhead Pharmaceuticals Inc		6,162,865
	33,400	*	Arvinas, Inc		1,618,564
	35,566	*	Assembly Biosciences, Inc		624,539
	97,548	*	Assertio Therapeutics, Inc		104,376
	79,539	*	Atara Biotherapeutics, Inc		1,052,301
	111,107	*,e	Athenex, Inc		1,487,723
	187,892	*,e	Athersys, Inc		255,533
	10,109	*	Atreca, Inc		185,803
	89,525	*	Avid Bioservices, Inc		591,760
	32,836	*	Avrobio, Inc		713,526
	12,813	*	Axcella Health, Inc		62,015
	40,576	*,e	Axsome Therapeutics, Inc		3,522,808
	21,077	*	Beyondspring Inc		319,106
	233,729	*	BioCryst Pharmaceuticals, Inc		666,128
	139,369	*	BioDelivery Sciences International, Inc		731,687
	62,357	*	Biohaven Pharmaceutical Holding Co Ltd		3,023,691
	8,989	*	Biospecifics Technologies Corp		531,070
	14,997	*	Bioxcel Therapeutics Inc		248,500
	84,627	*	Blueprint Medicines Corp		5,369,583
	37,742	*,e	Bridgebio Pharma, Inc		1,301,722
	10,357	*	Cabaletta Bio, Inc		170,166
	83,395	*	Calithera Biosciences, Inc		500,370
	15,410	*,e	Calyxt, Inc		85,834
	61,401	*,e	Cara Therapeutics, Inc		988,556
	66,886	*	CareDx, Inc		1,615,966
	73,710	*,e	CASI Pharmaceuticals, Inc		210,073
	5,717	*	Castle Biosciences, Inc		176,312
	161,726	*	Catalyst Pharmaceuticals, Inc		664,694
	14,057	*,e	cbdMD Inc		14,619
	7,093	*	Celcuity, Inc		78,307
	19,312	*,e	Cellular Biomedicine Group, Inc		329,270
	48,007	*,e	CEL-SCI Corp		626,011
	31,823	*,e	Cerecor Inc		125,701
	34,284	*	Checkpoint Therapeutics Inc		62,054
	64,153	*	ChemoCentryx, Inc		2,721,370
	56,870	*	Chiasma, Inc		268,426
	79,263	*	Chimerix, Inc		130,784
	67,801	*,e	ChromaDex Corp		299,002
	80,861	*,e	Clovis Oncology, Inc		670,338
	86,627	*	Codexis, Inc		1,358,311
	99,461	*	Coherus Biosciences, Inc		1,794,276
	51,138	*	Collegium Pharmaceutical, Inc		1,028,641
	30,717	*	Concert Pharmaceuticals, Inc		328,058
	24,851	*	Constellation Pharmaceuticals, Inc		821,077
	100,044	*,e	Corbus Pharmaceuticals Holdings, Inc		647,285
	149,315	*	Corcept Therapeutics, Inc		1,891,821
	38,815	*,†,e	Corium International, Inc		6,987
	49,194	*,e	CorMedix Inc		312,382
	17,910	*	Cortexyme Inc		841,591
	16,334	*,e	Crinetics Pharmaceuticals, Inc		350,854

254

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	31,003	*	Cue Biopharma, Inc	$	470,316
	101,842	*	Cymabay Therapeutics, Inc		156,837
	88,330	*	Cytokinetics, Inc		1,086,459
	69,831	*	CytomX Therapeutics, Inc		518,146
	31,076	*	Deciphera Pharmaceuticals, Inc		1,946,290
	74,463	*,e	Denali Therapeutics, Inc		1,724,563
	74,597	*	Dermira, Inc		1,413,613
	83,448	*	Dicerna Pharmaceuticals, Inc		1,647,681
	131,659	*,e	Dynavax Technologies Corp		664,878
	13,702	*	Eagle Pharmaceuticals, Inc		737,442
	81,418	*,e	Editas Medicine, Inc		2,151,878
	17,499	*,e	Eidos Therapeutics, Inc		932,347
	34,704	*	Eiger BioPharmaceuticals, Inc		428,941
	39,692	*,e	Eloxx Pharmaceuticals, Inc		152,020
	72,314	*	Emergent Biosolutions, Inc		3,983,778
	26,401	*	Enanta Pharmaceuticals, Inc		1,360,708
	362,197	*	Endo International plc		2,053,657
	21,950	*,e	Enochian Biosciences Inc		97,238
	121,617	*	Epizyme, Inc		2,545,444
	40,558	*	Esperion Thereapeutics, Inc		2,193,377
	18,447	*,e	Evelo Biosciences, Inc		108,284
	21,041	*,e	Evofem Biosciences Inc		104,153
	33,511	*,e	Evolus, Inc		342,818
	91,958	*,e	EyePoint Pharmaceuticals Inc		171,961
	95,491	*	Fate Therapeutics, Inc		2,421,652
	122,782	*	FibroGen, Inc		5,138,427
	49,519	*	Five Prime Therapeutics, Inc		233,730
	51,341	*,e	Flexion Therapeutics, Inc		899,494
	109,756	*	Fluidigm Corp		421,463
	35,085	*	Forty Seven, Inc		1,293,584
	9,072	*,e	Frequency Therapeutics, Inc		216,912
	7,201	*	Fulcrum Therapeutics, Inc		124,145
	56,412	*,e	G1 Therapeutics, Inc		1,092,136
	72,382	*,e	Galectin Therapeutics, Inc		190,365
	2,704	*	Galera Therapeutics, Inc		40,127
	290,699	*,e	Geron Corp		380,816
	91,191	*	Global Blood Therapeutics, Inc		5,951,125
	53,355	*	GlycoMimetics, Inc		228,359
	69,907	*	Gossamer Bio, Inc		928,365
	45,783	*,e	Gritstone Oncology, Inc		405,637
	222,230	*	Halozyme Therapeutics, Inc		4,217,925
	15,106	*,e	Harpoon Therapeutics, Inc		200,759
	132,284	*	Heron Therapeutics, Inc		2,759,444
	40,892	*	Homology Medicines, Inc		639,960
	10,993	*,e	Hookipa Pharma, Inc		131,916
	7,818	*	IGM Biosciences, Inc		265,734
	224,549	*	Immunogen, Inc		1,060,994
	275,982	*	Immunomedics, Inc		5,124,986
	101,903	*	Innoviva, Inc		1,406,771
	141,230	*,e	Inovio Pharmaceuticals, Inc		639,772
	141,618	*,e	Insmed, Inc		2,908,834
	58,690	*,e	Intellia Therapeutics, Inc		698,998
	39,981	*	Intercept Pharmaceuticals, Inc		3,694,644
	47,082	*	Intersect ENT, Inc		1,216,599

255

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	71,831	*	Intra-Cellular Therapies, Inc	$	1,629,845
	139,651	*,e	Invitae Corp		2,604,491
	184,383	*	Iovance Biotherapeutics, Inc		4,008,486
	244,119	*	Ironwood Pharmaceuticals, Inc		2,948,958
	27,816	*	Jounce Therapeutics, Inc		174,963
	246,609	*,e	Kadmon Holdings, Inc		1,131,935
	41,971	*,e	Kala Pharmaceuticals, Inc		250,147
	7,550	*,e	Kaleido Biosciences Inc		64,779
	22,664	*	KalVista Pharmaceuticals Inc		346,759
	7,096	*,e	Karuna Therapeutics, Inc		673,481
	96,467	*	Karyopharm Therapeutics, Inc		1,557,942
	27,185	*	Kezar Life Sciences, Inc		83,458
	55,463	*	Kindred Biosciences, Inc		484,192
	21,759	*	Kiniksa Pharmaceuticals Ltd		320,075
	37,098	*	Kodiak Sciences, Inc		2,265,575
	17,706	*	Krystal Biotech Inc		925,316
	52,915	*	Kura Oncology, Inc		621,222
	34,955	*,e	La Jolla Pharmaceutical Co		239,442
	54,608	*,e	Lannett Co, Inc		444,509
	71,355	*,e	Lexicon Pharmaceuticals, Inc		220,487
	26,948	*,e	Ligand Pharmaceuticals, Inc (Class B)		2,366,304
	188,236	*,e	Lineage Cell Therapeutics, Inc		193,883
	19,940	*	Liquidia Technologies, Inc		115,851
	17,202	*,e	LogicBio Therapeutics, Inc		169,784
	66,937		Luminex Corp		1,518,466
	79,406	*	MacroGenics, Inc		734,505
	12,568	*	Madrigal Pharmaceuticals, Inc		1,043,395
	29,883	*	Magenta Therapeutics, Inc		355,010
	132,468	*,e	Mallinckrodt plc		608,028
	320,933	*,e	MannKind Corp		471,772
	79,933	*	Marinus Pharmaceuticals, Inc		162,264
	40,098	*,e	Marker Therapeutics Inc		103,854
	60,863	*,e	MediciNova, Inc		352,397
	43,265	*	Medpace Holdings, Inc		3,701,321
	101,175	*	MEI Pharma, Inc		231,691
	30,666	*	MeiraGTx Holdings plc		555,361
	23,021	*	Menlo Therapeutics, Inc		105,897
	65,654	*	Mersana Therapeutics, Inc		443,164
	14,011	*	Millendo Therapeutics Inc		111,247
	45,243	*	Minerva Neurosciences, Inc		367,826
	43,123	*	Mirati Therapeutics, Inc		3,744,370
	4,219	*,e	Mirum Pharmaceuticals, Inc		66,344
	25,240	*	Molecular Templates, Inc		377,086
	154,848	*	Momenta Pharmaceuticals, Inc		4,493,689
	7,671	*,e	Morphic Holding, Inc		154,187
	42,193	*,e	Mustang Bio, Inc		154,848
	70,394	*	MyoKardia, Inc		4,788,904
	113,090	*	Myriad Genetics, Inc		3,126,938
	51,619	*	NanoString Technologies, Inc		1,402,488
	98,062	*	Natera, Inc		3,433,151
	151,066	*	NeoGenomics, Inc		4,868,857
	20,227	*,e	Neon Therapeutics, Inc		27,306
	22,156	*	NextCure Inc		947,169

256

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	38,455	*,e	NGM Biopharmaceuticals Inc	$	621,817
	39,537	*,e	Novavax, Inc		301,272
	67,276	*,e	Ocular Therapeutix, Inc		293,323
	18,111	*	Odonate Therapeutics, Inc		528,841
	79,188	*,e	Omeros Corp		1,010,439
	31,968	*,e	Oncocyte Corp		83,436
	623,446	*,e	Opko Health, Inc		903,997
	37,078	*,e	Optinose, Inc		290,321
	15,648	*	Organogenesis Holdings Inc		69,947
	8,892	*	Oyster Point Pharma, Inc		280,098
	218,099	*	Pacific Biosciences of California, Inc		1,018,522
	63,820	*	Pacira BioSciences Inc		2,758,300
	300,640	*,e	Palatin Technologies, Inc		196,047
	50,229	*	Paratek Pharmaceuticals, Inc		168,769
	175,964	*	PDL BioPharma, Inc		578,922
	13,758	*	Personalis, Inc		150,237
	51,378	*	Pfenex, Inc		550,772
	20,302	*,e	PhaseBio Pharmaceuticals Inc		101,104
	17,030	*	Phathom Pharmaceuticals, Inc		568,291
	30,377		Phibro Animal Health Corp		720,542
	79,763	*	Pieris Pharmaceuticals, Inc		295,123
	28,785	*,e	PolarityTE, Inc		89,233
	118,514	*	Portola Pharmaceuticals, Inc		1,515,794
	56,601	*	Precision BioSciences Inc		457,902
	79,521	*	Prestige Consumer Healthcare, Inc.		3,225,372
	11,505	*	Prevail Therapeutics, Inc		217,444
	28,961	*	Principia Biopharma, Inc		1,524,797
	140,951	*	Progenics Pharmaceuticals, Inc		628,641
	29,237	*	Protagonist Therapeutics, Inc		220,739
	66,223	*	Prothena Corp plc		805,934
	95,014	*	PTC Therapeutics, Inc		4,893,221
	46,623	*	Puma Biotechnology, Inc		366,457
	20,044	*	Quanterix Corp		543,393
	55,541	*	Ra Pharmaceuticals, Inc		2,603,207
	70,335	*	Radius Health, Inc		1,235,083
	2,486	*	RAPT Therapeutics, Inc		110,105
	35,218	*	Reata Pharmaceuticals, Inc		7,705,346
	33,909	*	Recro Pharma, Inc		559,159
	53,142	*	REGENXBIO, Inc		2,313,271
	82,185	*	Repligen Corp		8,250,552
	23,131	*	Replimune Group, Inc		367,783
	62,181	*	Retrophin, Inc		961,318
	71,741	*	Revance Therapeutics, Inc		1,604,846
	46,189	*	Rhythm Pharmaceuticals, Inc		810,155
	262,827	*	Rigel Pharmaceuticals, Inc		593,989
	48,156	*,e	Rocket Pharmaceuticals, Inc		986,235
	55,052	*,e	Rubius Therapeutics, Inc		429,406
	185,697	*	Sangamo Therapeutics Inc		1,361,159
	7,019	*	Satsuma Pharmaceuticals, Inc		173,510
	26,891	*,e	Scholar Rock Holding Corp		330,490
	69,281	*,e	Seres Therapeutics, Inc		225,856
	98,556	*	SIGA Technologies, Inc		507,563
	31,959	*,e	Solid Biosciences, Inc		107,063
	212,919	*,e	Sorrento Therapeutics, Inc		815,480

257

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	176,688	*	Spectrum Pharmaceuticals, Inc	$	447,021
	15,205	*	Spero Therapeutics, Inc		140,038
	16,443	*	SpringWorks Therapeutics, Inc		517,626
	72,140	*	Stemline Therapeutics, Inc		478,288
	14,115	*,e	Stoke Therapeutics, Inc		394,655
	53,894	*	Strongbridge Biopharma plc		158,179
	76,912	*	Supernus Pharmaceuticals, Inc		1,758,977
	15,955	*	Sutro Biopharma, Inc		163,379
	29,781	*	Syndax Pharmaceuticals, Inc		279,346
	98,857	*	Syneos Health, Inc		6,065,866
	27,221	*	Synlogic, Inc		72,952
	63,075	*	Syros Pharmaceuticals, Inc		445,309
	18,096	*	TCR2 Therapeutics Inc		265,649
	135,948	*,e	TG Therapeutics, Inc		1,931,821
	349,656	*,e	TherapeuticsMD, Inc		786,726
	70,263	*,e	Theravance Biopharma, Inc		1,958,932
	59,381	*	Translate Bio, Inc		425,762
	34,996	*	Tricida, Inc		1,233,959
	43,566	*	Turning Point Therapeutics Inc		2,548,611
	33,969	*	Twist Bioscience Corp		843,790
	91,734	*,e	Tyme Technologies, Inc		128,428
	85,616	*	Ultragenyx Pharmaceutical, Inc		4,499,121
	40,583	*,e	UNITY Biotechnology, Inc		239,440
	30,333	*,e	UroGen Pharma Ltd		892,094
	80,440	*	Vanda Pharmaceuticals, Inc		1,025,610
	243,521	*,e	VBI Vaccines, Inc		333,624
	75,766	*	Veracyte, Inc		1,988,858
	73,013	*	Vericel Corp		1,197,413
	20,309	*	Verrica Pharmaceuticals, Inc		294,684
	8,607	*	Viela Bio, Inc		338,685
	99,463	*,e	Viking Therapeutics, Inc		624,628
	11,340	*,e	Vir Biotechnology, Inc		301,984
	39,696	*	Voyager Therapeutics, Inc		437,847
	34,617	*,e	WaVe Life Sciences Ltd		245,781
	18,379	*	X4 Pharmaceuticals, Inc		152,546
	32,942	*	XBiotech, Inc		738,230
	73,791	*	Xencor, Inc		2,504,467
	42,253	*	Xeris Pharmaceuticals, Inc		269,152
	37,215	*	Y-mAbs Therapeutics, Inc		1,227,723
	252,928	*,e	ZIOPHARM Oncology, Inc		996,536
	68,460	*	Zogenix, Inc		3,448,330
	42,296	*,e	Zynerba Pharmaceuticals, Inc		213,172
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		329,379,769
REAL ESTATE - 8.0%
	135,669		Acadia Realty Trust		3,367,305
	65,684		Agree Realty Corp		4,987,386
	108,583		Alexander & Baldwin, Inc		2,373,624
	3,541		Alexander’s, Inc		1,142,610
	8,715	*,e	Altisource Portfolio Solutions S.A.		162,099
	76,269		American Assets Trust, Inc		3,474,816
	172,266		American Finance Trust, Inc		2,234,290
	2,523	*	American Realty Investors, Inc		37,088

258

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	85,326		Armada Hoffler Properties, Inc	$	1,564,879
	156,348		Ashford Hospitality Trust, Inc		384,616
	37,356		Bluerock Residential Growth REIT, Inc		431,088
	46,809		BraeMar Hotels & Resorts, Inc		373,536
	15,931		Brt Realty Trust		274,491
	152,541		CareTrust REIT, Inc		3,383,359
	75,750		CatchMark Timber Trust, Inc		777,195
	260,852		CBL & Associates Properties, Inc		219,116
	133,565		Cedar Realty Trust, Inc		347,269
	75,918		Chatham Lodging Trust		1,241,259
	1,977		CIM Commercial Trust Corp		30,762
	84,193		City Office REIT, Inc		1,138,289
	25,117		Clipper Realty, Inc		267,747
	30,141		Community Healthcare Trust, Inc		1,421,751
	7,619		Consolidated-Tomoka Land Co		483,502
	185,682		CoreCivic, Inc		2,961,628
	20,231		CorEnergy Infrastructure Trust, Inc		922,534
	62,746		CorePoint Lodging, Inc		574,126
	177,290	*	Cushman & Wakefield plc		3,407,514
	312,200		DiamondRock Hospitality Co		3,018,974
	370,125		Diversified Healthcare Trust		2,857,365
	116,878		Easterly Government Properties, Inc		2,829,616
	59,529		EastGroup Properties, Inc		8,100,111
	126,981		Essential Properties Realty Trust, Inc		3,505,945
	34,485	*,e	eXp World Holdings Inc		380,714
	39,521		Farmland Partners, Inc		256,096
	198,189		First Industrial Realty Trust, Inc		8,462,670
	20,659	*	Forestar Group, Inc		418,758
	107,184		Four Corners Property Trust, Inc		3,246,603
	161,809		Franklin Street Properties Corp		1,229,748
	81,844		Front Yard Residential Corp		878,186
	12,258	*	FRP Holdings, Inc		580,294
	191,486		Geo Group, Inc		3,025,479
	53,510		Getty Realty Corp		1,686,635
	50,145		Gladstone Commercial Corp		1,069,091
	32,090		Gladstone Land Corp		424,551
	45,824		Global Medical REIT, Inc		669,030
	141,651		Global Net Lease, Inc		2,936,425
	765		Griffin Land & Nurseries, Inc (Class A)		30,983
	100,785		Hannon Armstrong Sustainable Infrastructure Capital, Inc		3,435,761
	208,324		Healthcare Realty Trust, Inc		7,512,164
	55,488		Hersha Hospitality Trust		719,679
	142,238		Independence Realty Trust, Inc		2,086,631
	102,090		Industrial Logistics Properties Trust		2,336,840
	17,588		Innovative Industrial Properties, Inc		1,574,126
	18,419		Investors Real Estate Trust		1,357,480
	91,415		iStar Inc		1,331,002
	36,753		Jernigan Capital, Inc		734,693
	193,434		Kennedy-Wilson Holdings, Inc		4,170,437
	131,896		Kite Realty Group Trust		2,268,611
	380,172		Lexington Realty Trust		4,208,504
	61,939		LTC Properties, Inc		2,859,104
	137,613		Mack-Cali Realty Corp		3,021,982
	36,275	*	Marcus & Millichap, Inc		1,284,135

259

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	7,422	*	Maui Land & Pineapple Co, Inc	$	77,560
	149,351		Monmouth Real Estate Investment Corp (Class A)		2,185,005
	67,388		National Health Investors, Inc		5,686,199
	94,181		National Storage Affiliates Trust		3,216,281
	125,991		New Senior Investment Group, Inc		960,051
	225,008		Newmark Group, Inc		2,648,344
	30,380		NexPoint Residential Trust, Inc		1,482,544
	74,907		Office Properties Income Trust		2,549,085
	27,174		One Liberty Properties, Inc		742,937
	204,891		Pebblebrook Hotel Trust		4,860,015
	104,176		Pennsylvania REIT		410,453
	300,166		Physicians Realty Trust		5,808,212
	198,620		Piedmont Office Realty Trust, Inc		4,605,998
	103,912		PotlatchDeltic Corp		4,468,216
	68,917		Preferred Apartment Communities, Inc		811,842
	31,520		PS Business Parks, Inc		5,281,491
	90,576		QTS Realty Trust, Inc		5,151,963
	15,577	*	Rafael Holdings, Inc		315,279
	29,328		Re/Max Holdings, Inc		1,122,676
	182,581	e	Realogy Holdings Corp		1,933,533
	143,593	*	Redfin Corp		3,493,618
	180,694		Retail Opportunities Investment Corp		2,994,100
	25,707		Retail Value, Inc		844,989
	174,742		Rexford Industrial Realty, Inc		8,420,817
	266,228		RLJ Lodging Trust		4,142,508
	24,737		RMR Group, Inc		1,139,634
	125,106		RPT Realty		1,745,229
	72,217		Ryman Hospitality Properties		6,140,612
	303,985		Sabra Healthcare REIT, Inc		6,535,678
	18,787		Safehold, Inc		844,664
	19,476		Saul Centers, Inc		961,725
	53,389		Seritage Growth Properties		1,960,444
	55,736	*	St. Joe Co		1,171,013
	210,074		STAG Industrial, Inc		6,772,786
	6,939	*	Stratus Properties, Inc		206,435
	167,121		Summit Hotel Properties, Inc		1,853,372
	353,226		Sunstone Hotel Investors, Inc		4,478,906
	140,639		Tanger Factory Outlet Centers, Inc		2,057,549
	33,992	*	Tejon Ranch Co		547,271
	104,281		Terreno Realty Corp		5,971,130
	1,971	*	Transcontinental Realty Investors, Inc		63,565
	57,015		UMH Properties, Inc		900,837
	291,410		Uniti Group, Inc		1,844,625
	20,258		Universal Health Realty Income Trust		2,498,824
	180,497		Urban Edge Properties		3,319,340
	46,353		Urstadt Biddle Properties, Inc (Class A)		1,050,823
	280,415		Washington Prime Group, Inc		844,049
	126,621		Washington REIT		3,854,343
	63,559		Whitestone REIT		832,623
	179,242		Xenia Hotels & Resorts, Inc		3,350,033
			TOTAL REAL ESTATE		257,651,528

260

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
RETAILING - 3.1%
	43,256	*	1-800-FLOWERS.COM, Inc (Class A)	$	657,059
	107,651		Aaron’s, Inc		6,390,163
	98,175		Abercrombie & Fitch Co (Class A)		1,606,143
	249,790		American Eagle Outfitters, Inc		3,596,976
	9,444	*	America’s Car-Mart, Inc		1,036,762
	30,111	*	Asbury Automotive Group, Inc		2,904,206
	12,621	*,e	Ascena Retail Group, Inc		55,532
	71,585	*,e	At Home Group, Inc		405,171
	59,875	*	Barnes & Noble Education, Inc		205,970
	194,523	e	Bed Bath & Beyond, Inc		2,771,953
	63,927		Big Lots, Inc		1,729,865
	175,511	*	BJ’s Wholesale Club Holdings, Inc		3,601,486
	44,730	*	Boot Barn Holdings, Inc		1,877,318
	46,481	e	Buckle, Inc		1,134,601
	62,752		Caleres, Inc		1,101,298
	52,455	e	Camping World Holdings, Inc		816,724
	34,827		Cato Corp (Class A)		558,625
	196,173		Chico’s FAS, Inc		763,113
	24,114	e	Children’s Place, Inc		1,438,882
	19,470		Citi Trends, Inc		453,456
	31,774	*	Conn’s, Inc		278,340
	25,906	*,e	Container Store Group, Inc		104,660
	72,132		Core-Mark Holding Co, Inc		1,690,774
	95,277		Designer Brands, Inc		1,356,744
	15,599	e	Dillard’s, Inc (Class A)		947,171
	14,643	*,e	Duluth Holdings, Inc		123,733
	98,715	*	Express Parent LLC		395,847
	35,155	*,e	Funko, Inc		528,380
	13,734	*,e	Gaia, Inc		116,190
	139,214	e	GameStop Corp (Class A)		534,582
	22,864	*	Genesco, Inc		899,012
	124,364	*,e	GNC Holdings, Inc		266,139
	9,200	*,e	Greenlane Holdings Inc		22,448
	28,001		Group 1 Automotive, Inc		2,821,661
	706,365	*	Groupon, Inc		2,034,331
	72,399		Guess?, Inc		1,541,375
	29,621		Haverty Furniture Cos, Inc		596,271
	29,889	*	Hibbett Sports, Inc		740,649
	60,141	*	Hudson Ltd		659,747
	28,393	e	J. Jill, Inc		33,788
	473,339	*,e	JC Penney Co, Inc		352,638
	16,611	*	Lands’ End, Inc		193,518
	19,936	*	Leaf Group Ltd		69,577
	42,662	*	Liquidity Services, Inc		226,962
	35,308		Lithia Motors, Inc (Class A)		4,789,177
	42,818	*,e	Lumber Liquidators, Inc		325,845
	35,468	*	MarineMax, Inc		706,877
	135,241	*,e	Michaels Cos, Inc		666,738
	51,265		Monro Muffler, Inc		3,214,316
	45,866	*	Murphy USA, Inc		4,686,129
	125,471	*	National Vision Holdings, Inc		4,281,071
	846,180		Office Depot, Inc		1,878,520
	43,653	*	Overstock.com, Inc		354,462
	31,037	e	PetMed Express, Inc		782,443

261

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	117,429	*	Quotient Technology, Inc	$	1,182,510
	27,028	*,e	RealReal, Inc		391,095
	78,439		Rent-A-Center, Inc		2,284,928
	26,020	*,e	RH		5,431,675
	34,610	*	RTW RetailWinds, Inc		13,654
	79,776	*	Rubicon Project, Inc		746,703
	190,246	*	Sally Beauty Holdings, Inc		2,920,276
	15,430	e	Shoe Carnival, Inc		553,320
	31,017		Shutterstock, Inc		1,343,967
	83,053		Signet Jewelers Ltd		2,019,018
	43,983	*	Sleep Number Corp		2,269,083
	38,707		Sonic Automotive, Inc (Class A)		1,224,302
	71,181	*	Sportsman’s Warehouse Holdings, Inc		461,253
	25,830	*	Stamps.com, Inc		1,924,077
	64,991	*,e	Stitch Fix Inc		1,488,294
	90,277	e	Tailored Brands, Inc		359,302
	34,679		Tilly’s, Inc		294,772
	10,612		Weyco Group, Inc		240,362
	3,882		Winmark Corp		772,402
	31,714	*	Zumiez, Inc		988,525
			TOTAL RETAILING		98,234,936
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.9%
	59,709	*	Acacia Communications, Inc		4,093,052
	46,830	*,e	Adesto Technologies Corp		332,493
	59,430	*	Advanced Energy Industries, Inc		4,156,534
	31,310	*	Alpha & Omega Semiconductor Ltd		381,669
	50,244	*	Ambarella, Inc		2,971,430
	159,675	*	Amkor Technology, Inc		1,796,344
	52,191	*	Axcelis Technologies, Inc		1,260,413
	54,840	*	AXT, Inc		213,876
	111,371		Brooks Automation, Inc		4,241,008
	45,728		Cabot Microelectronics Corp		6,653,881
	34,851	*	Ceva, Inc		953,175
	16	*,†	China Energy Savings Technology, Inc		0
	91,401	*	Cirrus Logic, Inc		7,020,511
	64,006		Cohu, Inc		1,431,814
	64,081	*	Diodes, Inc		3,309,143
	32,154	*	DSP Group, Inc		464,947
	144,886	*,e	Enphase Energy, Inc		4,566,807
	119,739	*	Formfactor, Inc		3,030,594
	22,634	*	GSI Technology, Inc		183,562
	33,890	*	Ichor Holdings Ltd		1,131,587
	27,514	*,e	Impinj, Inc		885,400
	70,670	*	Inphi Corp		5,368,093
	198,646	*	Lattice Semiconductor Corp		3,694,816
	73,211	*	MACOM Technology Solutions Holdings, Inc		2,080,657
	106,227	*	MaxLinear, Inc		2,070,364
	75,858	*	Nanometrics, Inc		2,878,053
	59,275	*	NeoPhotonics Corp Ltd		452,268
	7,226		NVE Corp		530,099
	45,883	*	PDF Solutions, Inc		723,116
	103,759	*	Photronics, Inc		1,326,040

262

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	44,679		Power Integrations, Inc	$	4,363,798
	172,890	*	Rambus, Inc		2,743,764
	104,859	*	Semtech Corp		5,053,155
	67,332	*	Silicon Laboratories, Inc		6,619,409
	23,086	*	SMART Global Holdings, Inc		696,274
	101,668	*,e	SunPower Corp		866,211
	64,649	*	Ultra Clean Holdings		1,487,573
	74,200	*	Veeco Instruments, Inc		946,050
	78,664		Xperi Corp		1,265,704
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		92,243,684
SOFTWARE & SERVICES - 7.1%
	150,200	*	8x8, Inc		2,796,724
	77,698	*	A10 Networks, Inc		529,123
	180,491	*	ACI Worldwide, Inc		6,217,915
	57,519	*	Alarm.com Holdings, Inc		2,526,810
	63,833	*	Altair Engineering, Inc		2,358,629
	48,335	*	American Software, Inc (Class A)		721,642
	25,027	*	Appfolio, Inc		3,289,549
	53,622	*,e	Appian Corp		2,736,867
	177,468	*	Avaya Holdings Corp		2,266,266
	47,267	*	Benefitfocus, Inc		874,440
	76,525		Blackbaud, Inc		5,994,203
	68,203	*	Blackline, Inc		4,171,978
	68,712	*	Bottomline Technologies, Inc		3,682,963
	226,938	*	Box, Inc		3,410,878
	55,769	*	Brightcove, Inc		482,960
	59,310	*	Cardtronics plc		2,668,950
	23,159		Cass Information Systems, Inc		1,251,049
	42,871	*	ChannelAdvisor Corp		401,273
	385,339	*,e	Cloudera, Inc		3,965,138
	64,209	*	Commvault Systems, Inc		2,890,689
	265,681	*	Conduent, Inc		1,137,115
	89,473	*	Cornerstone OnDemand, Inc		5,261,012
	51,075		CSG Systems International, Inc		2,544,557
	18,172	*,e	Digimarc Corp		568,965
	127,701	*	Digital Turbine, Inc		796,854
	27,462	*	Domo, Inc		665,130
	36,837	e	Ebix, Inc		1,268,298
	38,682	*	eGain Corp		278,510
	107,739	*	Endurance International Group Holdings, Inc		508,528
	75,998	*	Envestnet, Inc		5,993,962
	52,644	*	Everbridge, Inc		4,771,652
	110,893	*	Everi Holdings, Inc		1,386,163
	94,771		EVERTEC, Inc		3,181,463
	54,706	*	Evo Payments, Inc		1,515,903
	53,028	*	ExlService Holdings, Inc		3,876,877
	94,769	*	Five9, Inc		6,797,780
	67,430	*	ForeScout Technologies, Inc		1,922,429
	53,219	*,e	GTT Communications, Inc		630,645
	61,435	*,e	GTY Technology Holdings Inc		384,583
	42,860		Hackett Group, Inc		662,401
	22,360	*	I3 Verticals, Inc		722,004
	75,869	*,e	Ideanomics Inc		44,603

263

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	40,842	*	Information Services Group, Inc	$	110,273
	13,185	*	Inspired Entertainment, Inc		77,264
	53,754	*	Instructure, Inc		2,625,345
	12,618	*	Intelligent Systems Corp		535,634
	28,669	*	International Money Express Inc		303,318
	73,075		j2 Global, Inc		7,004,970
	223,010		KBR, Inc		6,065,872
	177,886	*	Limelight Networks, Inc		887,651
	97,554	*	Liveperson, Inc		4,000,690
	105,572	*	LiveRamp Holdings, Inc		4,248,217
	7,084	*	Majesco		49,376
	42,047		Mantech International Corp (Class A)		3,375,533
	100,483		MAXIMUS, Inc		7,209,655
	13,155	*	MicroStrategy, Inc (Class A)		1,999,955
	60,888	*	Mitek Systems, Inc		594,267
	154,210	*	MobileIron, Inc		735,582
	51,300	*	Model N, Inc		1,600,047
	102,055		NIC, Inc		2,013,545
	55,031	*	OneSpan, Inc		914,615
	50,403	*,e	Paysign Inc		440,522
	48,995	*	Perficient, Inc		2,435,052
	220,222		Perspecta, Inc		6,181,632
	21,763	*	Ping Identity Holding Corp		527,753
	25,179	*	PRGX Global, Inc		99,709
	9,815	*	Priority Technology Holdings Inc		29,347
	70,326		Progress Software Corp		3,173,812
	52,506	*	PROS Holdings, Inc		3,150,360
	69,064	*	Q2 Holdings, Inc		6,021,690
	17,894		QAD, Inc (Class A)		920,646
	53,369	*	Qualys, Inc		4,575,858
	77,668	*	Rapid7, Inc		4,611,926
	28,934	*	Rimini Street, Inc		144,670
	134,249	*	SailPoint Technologies Holding, Inc		3,368,307
	91,113		Science Applications International Corp		7,996,988
	13,818	*,e	SecureWorks Corp		217,357
	12,703	*,e	SharpSpring Inc		157,009
	12,193	*,e	ShotSpotter, Inc		334,698
	55,697	*	SPS Commerce, Inc		3,165,261
	24,068	*	StarTek, Inc		183,639
	139,247	*	SVMK, Inc		2,457,710
	61,401	*	Sykes Enterprises, Inc		2,062,460
	66,902	*,e	Synchronoss Technologies, Inc		365,620
	76,295	*	Telaria, Inc		774,394
	46,568	*	TeleNav, Inc		209,090
	61,392	*	Tenable Holdings, Inc		1,672,932
	196,730		TiVo Corp		1,432,194
	22,946	*,e	TransEnterix, Inc		31,207
	23,201		TTEC Holdings, Inc		921,544
	15,769	*,e	Tucows, Inc		950,082
	80,649	*	Unisys Corp		783,102
	35,236	*	Upland Software, Inc		1,375,614
	92,184	*	Upwork, Inc		846,249
	46,220	*	Varonis Systems, Inc		3,866,765

264

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	105,149	*	Verint Systems, Inc	$	6,098,642
	201,030	*	Verra Mobility Corp		3,202,408
	97,268	*,e	VirnetX Holding Corp		369,618
	45,827	*	Virtusa Corp		1,908,236
	57,140	*	Workiva, Inc		2,599,299
	151,765	*,e	Yext, Inc		2,267,369
	84,143	*	Zix Corp		567,965
	143,000	*	Zuora Inc		2,109,250
			TOTAL SOFTWARE & SERVICES		227,117,275
TECHNOLOGY HARDWARE & EQUIPMENT - 4.0%
	187,423	*	3D Systems Corp		2,041,037
	71,769		Adtran, Inc		649,510
	33,507	*	Agilysys, Inc		1,088,978
	13,711	*	Airgain Inc		129,569
	37,236	*	Akoustis Technologies, Inc		273,685
	47,157	*	Anixter International, Inc		4,602,523
	29,029	*,e	Applied Optoelectronics, Inc		328,028
	116,102	*	Arlo Technologies, Inc		495,756
	10,126		AstroNova Inc		125,967
	49,454	*	Avid Technology, Inc		415,661
	74,449		AVX Corp		1,509,081
	45,131		Badger Meter, Inc		2,665,437
	16,948		Bel Fuse, Inc (Class B)		293,539
	60,875		Belden CDT, Inc		2,999,311
	56,929		Benchmark Electronics, Inc		1,752,275
	48,216	*	CalAmp Corp		463,838
	72,040	*	Calix, Inc		659,886
	6,912	*	Cambium Networks Corp		47,762
	51,230	*	Casa Systems, Inc		205,432
	13,438	*	Clearfield, Inc		170,931
	6,864	*,e	Coda Octopus Group Inc		43,175
	37,774		Comtech Telecommunications Corp		1,092,046
	50,378		CTS Corp		1,476,579
	57,046		Daktronics, Inc		336,571
	14,435	*	DASAN Zhone Solutions, Inc		127,894
	122,868	*	Diebold, Inc		1,414,211
	44,282	*	Digi International, Inc		699,434
	21,228	*	ePlus, Inc		1,692,296
	189,547	*	Extreme Networks, Inc		1,118,327
	57,181	*	Fabrinet		3,604,690
	27,379	*	FARO Technologies, Inc		1,414,399
	361,469	*	Fitbit, Inc		2,356,778
	139,670	*	Harmonic, Inc		982,578
	140,299	*	II-VI, Inc		4,721,061
	49,931	*	Immersion Corp		365,495
	290,138	*,e	Infinera Corp		2,138,317
	78,010	*,e	Inseego Corp		523,447
	54,915	*	Insight Enterprises, Inc		3,617,251
	48,386		InterDigital, Inc		2,673,327
	62,078	*	Iteris, Inc		314,115
	54,295	*	Itron, Inc		4,438,616
	90,074		Kemet Corp		2,345,527
	37,128	*	Kimball Electronics, Inc		600,731

265

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	129,652	*	Knowles Corp	$	2,558,034
	26,501	*	KVH Industries, Inc		272,695
	122,587	*	Lumentum Holdings, Inc		9,288,417
	57,408		Methode Electronics, Inc		1,880,112
	28,715		MTS Systems Corp		1,455,563
	17,629	*	Napco Security Technologies, Inc		518,293
	49,043	*	Netgear, Inc		1,261,386
	115,993	*	Netscout Systems, Inc		2,982,180
	53,955	*	nLight, Inc		947,989
	52,919	*	Novanta, Inc		4,801,341
	26,918	*	OSI Systems, Inc		2,329,484
	17,408	*,e	PAR Technology Corp		592,394
	29,390		Park Aerospace Corp		454,663
	18,531		PC Connection, Inc		923,585
	52,622		Plantronics, Inc		1,511,304
	45,861	*	Plexus Corp		3,261,634
	88,050	*	Ribbon Communications, Inc		248,301
	29,063	*	Rogers Corp		3,422,168
	107,855	*	Sanmina Corp		3,434,103
	41,603	*	Scansource, Inc		1,451,529
	5,356	*	Sonim Technologies Inc		17,193
	84,060	*,e	Stratasys Ltd		1,511,399
	53,746	*	Synaptics, Inc		3,584,321
	56,008	*	Tech Data Corp		8,061,791
	9,148		Tessco Technologies, Inc		56,718
	154,676	*	TTM Technologies, Inc		2,225,788
	364,749	*	Viavi Solutions, Inc		5,142,961
	210,784		Vishay Intertechnology, Inc		4,276,807
	16,650	*	Vishay Precision Group, Inc		575,091
	11,262	*,e	Wrap Technologies Inc		75,118
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		128,137,433
TELECOMMUNICATION SERVICES - 0.7%
	17,114	*	Anterix, Inc		795,117
	17,492		ATN International, Inc		1,012,262
	24,889	*	Bandwidth Inc		1,766,123
	67,313	*	Boingo Wireless, Inc		756,598
	78,586	*	Cincinnati Bell, Inc		1,077,414
	67,651		Cogent Communications Group, Inc		4,798,485
	119,921	*	Consolidated Communications Holdings, Inc		579,218
	83,795	*,e	Gogo, Inc		440,762
	24,570	*	IDT Corp (Class B)		185,749
	52,937	*,e	Intelsat S.A.		180,515
	156,754	*	Iridium Communications, Inc		4,005,065
	32,439	*	Ooma, Inc		425,924
	112,232	*	ORBCOMM, Inc		402,913
	75,244		Shenandoah Telecom Co		3,036,095
	32,238		Spok Holdings, Inc		342,368
	367,909	*	Vonage Holdings Corp		3,263,353
			TOTAL TELECOMMUNICATION SERVICES		23,067,961
TRANSPORTATION - 1.4%
	93,166	*	Air Transport Services Group, Inc		1,953,691

266

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	20,775		Allegiant Travel Co	$	3,491,031
	38,699		ArcBest Corp		863,375
	35,356	*	Atlas Air Worldwide Holdings, Inc		790,207
	90,631	*	Avis Budget Group, Inc		2,972,697
	80,847		Costamare, Inc		641,117
	20,146	*	Covenant Transportation Group, Inc		255,552
	71,410	*,e	Daseke, Inc		216,729
	73,053	*,e	Eagle Bulk Shipping, Inc		237,422
	44,266	*	Echo Global Logistics, Inc		857,875
	45,163		Forward Air Corp		2,955,918
	23,712		Genco Shipping & Trading Ltd		186,613
	73,390		Hawaiian Holdings, Inc		2,046,113
	71,317		Heartland Express, Inc		1,332,915
	163,960	*	Hertz Global Holdings, Inc		2,584,010
	50,765	*	Hub Group, Inc (Class A)		2,683,946
	62,660		Marten Transport Ltd		1,300,822
	66,927		Matson, Inc		2,410,041
	32,888	*	Mesa Air Group, Inc		280,864
	2,702	*	PAM Transportation Services, Inc		144,314
	13,273		Park-Ohio Holdings Corp		390,226
	58,270	*	Radiant Logistics, Inc		281,444
	4,050	*,e	Roadrunner Transportation Systems Inc		40,379
	75,493	*	Safe Bulkers, Inc		98,141
	40,951	*	Saia, Inc		3,566,832
	87,732		Scorpio Bulkers, Inc		321,976
	77,464		Skywest, Inc		4,273,689
	107,331	*	Spirit Airlines, Inc		4,408,084
	12,236		Universal Logistics Holdings Inc		206,788
	38,752	*	US Xpress Enterprises, Inc		211,586
	71,590		Werner Enterprises, Inc		2,638,807
	71,109	*,e	YRC Worldwide, Inc		160,706
			TOTAL TRANSPORTATION		44,803,910
UTILITIES - 3.9%
	82,116		Allete, Inc		6,855,044
	57,428		American States Water Co		5,085,824
	23,117	*	AquaVenture Holdings Ltd		624,159
	11,791		Artesian Resources Corp		444,756
	170,342	*	Atlantic Power Corp		407,117
	106,463		Avista Corp		5,413,644
	95,933		Black Hills Corp		7,965,317
	28,915	*,e	Cadiz, Inc		262,982
	76,842		California Water Service Group		4,038,815
	25,145		Chesapeake Utilities Corp		2,419,200
	53,852		Clearway Energy, Inc (Class A)		1,114,198
	118,617		Clearway Energy, Inc (Class C)		2,511,122
	21,845		Consolidated Water Co, Inc		373,768
	63,896		El Paso Electric Co		4,350,679
	27,792		Genie Energy Ltd		200,936
	18,149		Global Water Resources, Inc		229,222
	55,085		MGE Energy, Inc		4,402,944
	24,844		Middlesex Water Co		1,621,319
	139,246		New Jersey Resources Corp		5,753,645
	47,827		Northwest Natural Holding Co		3,509,545

267

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	79,673		NorthWestern Corp	$	6,132,431
	82,275		ONE Gas, Inc		7,774,988
	63,238		Ormat Technologies, Inc		5,012,244
	62,497		Otter Tail Corp		3,347,339
	140,318		Pattern Energy Group, Inc		3,775,957
	126,628		PNM Resources, Inc		6,867,036
	141,220		Portland General Electric Co		8,685,030
	19,960	*	Pure Cycle Corp		259,280
	11,106		RGC Resources, Inc		281,204
	41,455		SJW Corp		3,040,724
	144,992		South Jersey Industries, Inc		4,465,754
	85,972		Southwest Gas Holdings Inc		6,491,746
	20,675	e	Spark Energy, Inc		196,206
	78,996		Spire, Inc		6,660,943
	21,010	*,e	Sunnova Energy International, Inc		285,316
	125,018		TerraForm Power, Inc		2,261,576
	23,988		Unitil Corp		1,479,820
	21,565		York Water Co		1,021,318
			TOTAL UTILITIES		125,623,148
			TOTAL COMMON STOCKS		3,206,227,237
			(Cost $2,619,064,488)
RIGHTS / WARRANTS - 0.0%
MATERIALS - 0.0%
	33,879	†	A Schulman, Inc		14,670
	440,958	†	Pan American Silver Corp		291,032
			TOTAL MATERIALS		305,702
MEDIA & ENTERTAINMENT - 0.0%
	122,474	†	Media General, Inc		0
			TOTAL MEDIA & ENTERTAINMENT		0
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	5,149	†	Omthera Pharmaceuticals, Inc		3,089
	9,351	†	Tobira Therapeutics, Inc		561
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		3,650
			TOTAL RIGHTS / WARRANTS		309,352
			(Cost $146,711)

PRINCIPAL		ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 3.8%
GOVERNMENT AGENCY DEBT - 0.0%
$	570,000	Federal Home Loan Bank (FHLB)		1.500	%	02/03/20	570,000
		TOTAL GOVERNMENT AGENCY DEBT					570,000

268

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 3.8%
	123,118,244	c	State Street Navigator Securities Lending Government Money Market Portfolio	$	123,118,244
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		123,118,244
			TOTAL SHORT-TERM INVESTMENTS		123,688,244
			(Cost $123,688,196)
			TOTAL INVESTMENTS - 103.7%		3,330,224,833
			(Cost $2,742,899,395)
			OTHER ASSETS & LIABILITIES, NET - (3.7)%		(119,808,743	)
			NET ASSETS - 100.0%	$	3,210,416,090
			Abbreviation(s):
			REIT    Real Estate Investment Trust
		*	Non-income producing
		†	Security is categorized as Level 3 in the fair value hierarchy.
		c	Investments made with cash collateral received from securities on loan.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $149,387,873.

269

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
CORPORATE BONDS - 0.0%
INDIA - 0.0%
INR	775,560		Britannia Industries Ltd		8.000	%	08/28/22	$	11,240
			TOTAL INDIA						11,240
			TOTAL CORPORATE BONDS						11,240
			(Cost $11,037)
SHARES			COMPANY
COMMON STOCKS - 99.9%
ARGENTINA - 0.2%
	23,800		Banco Macro S.A. (ADR) (Class B)						729,946
	16,706	*	Globant S.A.						2,049,826
	43,300		Grupo Financiero Galicia S.A. (ADR) (Class B)						621,355
	47,900	e	Telecom Argentina S.A. (ADR) (Class B)						540,312
	85,200		YPF S.A. (ADR) (Class D)						800,028
			TOTAL ARGENTINA						4,741,467
BRAZIL - 7.0%
	2,277,297		AMBEV S.A.						9,491,840
	173,700		Atacadao Distribuicao Comercio e Industria Ltd						916,239
	101,975	*	B2W Companhia Global Do Varejo						1,695,377
	986,482		B3 SA-Brasil Bolsa Balcao						11,102,702
	571,595		Banco Bradesco S.A.						4,184,258
	1,930,614		Banco Bradesco S.A. (Preference)						14,826,950
	108,200		Banco BTG Pactual S.A.						1,894,877
	408,083		Banco do Brasil S.A.						4,625,309
	2,325,453		Banco Itau Holding Financeira S.A.						17,821,269
	192,774		Banco Santander Brasil S.A.						1,893,710
	325,148		BB Seguridade Participacoes S.A.						2,640,603
	361,339		BR Malls Participacoes S.A.						1,552,477
	100,115		Braskem S.A.						737,549
	281,605	*	BRF S.A.						2,008,834
	131,000		Centrais Eletricas Brasileiras S.A.						1,199,696
	122,192		Centrais Eletricas Brasileiras S.A. (Preference)						1,166,111
	76,957		Cia Brasileira de Distribuicao Grupo Pao de Acucar						1,528,861
	572,156		Cia de Concessoes Rodoviarias						2,436,867
	163,558		Cia de Saneamento Basico do Estado de Sao Paulo						2,329,668

270

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	454,991		Cia Energetica de Minas Gerais	$	1,588,314
	285,130		Cia Siderurgica Nacional S.A.		858,865
	616,994		Cielo S.A.		1,018,575
	697,849		Cogna Educacao		1,893,477
	72,036		Cosan SA Industria e Comercio		1,340,604
	330,179	*	Empresa Brasileira de Aeronautica S.A.		1,398,554
	74,900		Energisa S.A.		964,889
	100,825		Engie Brasil Energia S.A.		1,225,410
	399,300		Equatorial Energia S.A.		2,222,788
	519,875		Gerdau S.A. (Preference)		2,433,917
	103,600	g	Hapvida Participacoes e Investimentos S.A.		1,453,148
	179,982		Hypermarcas S.A.		1,494,877
	2,112,532		Investimentos Itau S.A. - PR		6,343,614
	333,743		IRB Brasil Resseguros S		3,493,602
	520,864		JBS S.A.		3,354,371
	338,633		Klabin S.A.		1,640,740
	289,306		Localiza Rent A Car		3,622,912
	3,138	*,h	Lojas Americanas S.A. (ADR)		20,187
	348,171		Lojas Americanas S.A. (Preference)		2,239,787
	374,539		Lojas Renner S.A.		5,024,346
	345,340		Magazine Luiza S.A.		4,499,597
	130,107		Multiplan Empreendimentos Imobiliarios S.A.		1,053,591
	311,684		Natura & Co Holding S.A.		3,462,832
	231,600		Notre Dame Intermedica Participacoes S.A.		3,796,908
	332,527		Petrobras Distribuidora S.A.		2,236,206
	1,453,616		Petroleo Brasileiro S.A.		10,301,510
	2,044,368		Petroleo Brasileiro S.A. (Preference)		13,581,065
	41,312		Porto Seguro S.A.		637,922
	111,983		Raia Drogasil S.A.		3,248,150
	519,727	*	Rumo S.A.		2,815,501
	134,736		Sul America S.A.		1,982,060
	257,584		Suzano Papel e Celulose S.A.		2,386,017
	218,821		Telefonica Brasil S.A.		3,034,554
	416,266		Tim Participacoes S.A.		1,628,089
	346,460		Ultrapar Participacoes S.A.		2,043,520
	1,518,959		Vale S.A.		17,829,839
	401,217		Weg S.A.		3,692,141
			TOTAL BRAZIL		205,915,676
CHILE - 0.7%
	1,519,194		Aguas Andinas S.A.		569,484
	19,707,567		Banco de Chile		1,940,468
	22,968		Banco de Credito e Inversiones		958,928
	28,494,537		Banco Santander Chile S.A.		1,409,595
	715,438		Centros Comerciales Sudamericanos S.A.		884,632
	80,934		Cia Cervecerias Unidas S.A.		714,481
	3,490,151		Colbun S.A.		508,063
	57,650,745		Corpbanca S.A.		280,222
	207,594		Embotelladora Andina S.A.		542,110
	62,852	*	Empresa Nacional de Telecomunicaciones S.A.		412,160
	538,915		Empresas CMPC S.A.		1,235,358
	187,488		Empresas COPEC S.A.		1,672,594
	13,069,567		Enersis Chile S.A.		1,239,510
	17,922,978		Enersis S.A.		3,527,264

271

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	133,653		Lan Airlines S.A.	$	1,109,902
	378,672		SACI Falabella		1,484,671
	56,471		Sociedad Quimica y Minera de Chile S.A. (Class B)		1,574,826
			TOTAL CHILE		20,064,268
CHINA - 32.2%
	42,600		360 Security Technology, Inc		147,180
	651,500	*,g	3SBio, Inc		827,531
	13,033	*	51job, Inc (ADR)		940,331
	45,587	*	58.COM, Inc (ADR)		2,535,549
	346,500		AAC Technologies Holdings, Inc		2,437,219
	15,200		Accelink Technologies Co Ltd		62,304
	23,700		AECC Aero-Engine Control Co Ltd		43,479
	49,300		AECC Aviation Power Co Ltd		151,078
	632,000		Agile Property Holdings Ltd		831,673
	14,644,064		Agricultural Bank of China Ltd		5,653,760
	2,105,900		Agricultural Bank of China Ltd (Class A)		1,056,516
	83,960		Aier Eye Hospital Group Co Ltd		477,590
	130,490		Air China Ltd		145,147
	962,000		Air China Ltd (H shares)		789,484
	55,100		Aisino Corp		178,844
	810,165	*	Alibaba Group Holding Ltd (ADR)		167,371,987
	1,712,284	*	Alibaba Health Information Technology Ltd		2,385,522
	206,000	g	A-Living Services Co Ltd		681,987
	1,736,000	*	Aluminum Corp of China Ltd		507,516
	164,400	*	Aluminum Corp of China Ltd (Class A)		76,590
	64,870		Angang Steel Co Ltd		27,998
	22,700		Angel Yeast Co Ltd		90,385
	596,282		Anhui Conch Cement Co Ltd		3,805,883
	112,200		Anhui Conch Cement Co Ltd (Class A)		760,853
	10,500		Anhui Gujing Distillery Co Ltd		210,122
	17,100		Anhui Kouzi Distillery Co Ltd		123,417
	515,651		Anta Sports Products Ltd		4,489,350
	339,380	*	Anxin Trust Co Ltd		169,036
	5,800		Asymchem Laboratories Tianjin Co Ltd		125,429
	6,800		Autobio Diagnostics Co Ltd		110,555
	28,600	*	Autohome, Inc (ADR)		2,187,328
	70,700		AVIC Aircraft Co Ltd		168,264
	294,858		Avic Capital Co Ltd		186,859
	90,600		AVIC Electromechanical Systems Co Ltd		87,840
	23,800		AVIC Jonhon Optronic Technology Co Ltd		127,468
	47,400	*	AVIC Shenyang Aircraft Co Ltd		197,136
	1,054,861		AviChina Industry & Technology Co		438,845
	14,700		AVICOPTER plc		94,189
	85,400	*	BAIC BluePark New Energy Technology Co Ltd		78,522
	874,000	g	BAIC Motor Corp Ltd		430,791
	132,989	*	Baidu, Inc (ADR)		16,432,121
	649,400		Bank of Beijing Co Ltd		500,116
	155,305		Bank of Chengdu Co Ltd		190,935
	973,800		Bank of China Ltd		500,594
	38,871,953		Bank of China Ltd (Hong Kong)		15,036,713
	1,178,700		Bank of Communications Co Ltd		916,734
	4,304,934		Bank of Communications Co Ltd (Hong Kong)		2,757,592
	73,800		Bank of Guiyang Co Ltd		92,950

272

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	195,500		Bank of Hangzhou Co Ltd	$	253,810
	313,700		Bank of Jiangsu Co Ltd		309,381
	239,000		Bank of Nanjing Co Ltd		278,815
	150,971		Bank of Ningbo Co Ltd		573,676
	385,390		Bank of Shanghai Co Ltd		487,071
	566,200		Baoshan Iron & Steel Co Ltd		433,244
	22,302	*,e	Baozun, Inc (ADR)		671,513
	155,900		BBMG Corp		75,039
	1,164,000		BBMG Corp (Class H)		310,978
	165,600		Beijing Capital Development Co Ltd		175,111
	902,830		Beijing Capital International Airport Co Ltd		727,149
	251,200		Beijing Dabeinong Technology Group Co Ltd		202,748
	67,700		Beijing Enlight Media Co Ltd		100,882
	257,500		Beijing Enterprises Holdings Ltd		1,125,893
	2,335,583		Beijing Enterprises Water Group Ltd		1,038,679
	49,500		Beijing New Building Materials plc		181,899
	38,300		Beijing Oriental Yuhong Waterproof Technology Co Ltd		147,235
	93,200		Beijing Originwater Technology Co Ltd		111,825
	85,400		Beijing Sanju Environmental Protection and New Material Co Ltd		74,700
	20,300		Beijing Shiji Information Technology Co Ltd		106,450
	21,000		Beijing Shunxin Agriculture Co Ltd		155,725
	35,100		Beijing Sinnet Technology Co Ltd		103,847
	80,700		Beijing SL Pharmaceutical Co Ltd		162,711
	31,100		Beijing Tiantan Biological Products Corp Ltd		139,243
	44,409		Beijing Tongrentang Co Ltd		173,227
	93,500		Beijing Yanjing Brewery Co Ltd		83,857
	108,300	*	BEST, Inc (ADR)		575,073
	11,900		Betta Pharmaceuticals Co Ltd		125,219
	16,700	*	BGI Genomics Co Ltd		186,580
	954,600		BOE Technology Group Co Ltd		626,548
	151,000	*	Bohai Leasing Co Ltd		73,433
	1,394,000		Bosideng International Holdings Ltd		458,307
	1,493,945		Brilliance China Automotive Holdings Ltd		1,324,099
	33,100		BTG Hotels Group Co Ltd		79,452
	57,100		BYD Co Ltd		480,603
	309,500	e	BYD Co Ltd (H shares)		1,611,202
	333,000	e	BYD Electronic International Co Ltd		639,204
	51,300		By-health Co Ltd		121,571
	150,500		Caitong Securities Co Ltd		223,558
	35,700		Centre Testing International Group Co Ltd		82,487
	5,279,200	g	CGN Power Co Ltd		1,295,520
	4,500		Changchun High & New Technology Industry Group, Inc		318,382
	183,100		Changjiang Securities Co Ltd		176,623
	635,000		Changsha Zoomlion Heavy Industry Science and Technology Development Co Ltd		466,217
	5,100		Changzhou Xingyu Automotive Lighting Systems Co Ltd		70,520
	69,900		Chaozhou Three-Circle Group Co Ltd		228,859
	18,500		Chengdu Kanghong Pharmaceutical Group Co Ltd		100,555
	1,197,000		China Agri-Industries Holdings Ltd		639,339
	560,000		China Aoyuan Group Ltd		746,287
	17,100		China Avionics Systems Co Ltd		34,790
	4,246,000		China Cinda Asset Management Co Ltd		849,211
	4,443,530		China Citic Bank		2,319,557
	119,400		China CITIC Bank Corp Ltd		98,356

273

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	1,193,000		China Coal Energy Co	$	405,860
	65,500		China Communications Construction Co Ltd		77,196
	2,148,000		China Communications Construction Co Ltd		1,517,974
	1,252,400		China Communications Services Corp Ltd		840,613
	769,500		China Conch Venture Holdings Ltd		3,421,665
	346,200		China Construction Bank Corp		341,998
	46,282,641		China Construction Bank Corp		35,060,766
	1,177,500	*	China COSCO Holdings Co Ltd		420,254
	191,000	*,g	China East Education Holdings Ltd		354,292
	270,700	*	China Eastern Airlines Corp Ltd		189,167
	768,000	*,e	China Eastern Airlines Corp Ltd (H Shares)		349,683
	351,000		China Education Group Holdings Ltd		429,565
	1,128,800		China Everbright Bank Co Ltd		640,819
	1,437,000		China Everbright Bank Co Ltd		576,488
	1,740,888		China Everbright International Ltd		1,234,764
	474,000		China Everbright Ltd		727,062
	893,000	e	China Evergrande Group		1,973,230
	72,100		China Film Co Ltd		139,453
	69,297		China Fortune Land Development Co Ltd		256,208
	1,794,745		China Galaxy Securities Co Ltd		890,187
	884,068		China Gas Holdings Ltd		3,492,432
	171,800		China Gezhouba Group Co Ltd		153,883
	49,200		China Grand Automotive Services Co Ltd		25,534
	74,800		China Greatwall Technology Group Co Ltd		148,129
	932,500		China Hongqiao Group Ltd		458,233
	4,374,000	g	China Huarong Asset Management Co Ltd		574,233
	2,230,000	*,†	China Huishan Dairy Holdings Co Ltd		2,871
	778,624		China Insurance International Holdings Co Ltd		1,617,433
	608,606	e,g	China International Capital Corp Ltd		1,053,993
	50,800		China International Marine Containers Group Co Ltd		66,745
	47,200		China International Travel Service Corp Ltd		543,763
	112,900		China Jushi Co Ltd		157,952
	480,000		China Lesso Group Holdings Ltd		616,987
	3,608,880		China Life Insurance Co Ltd		8,618,129
	62,500		China Life Insurance Co Ltd (Class A)		279,713
	117,800	*,e,g	China Literature Ltd		487,637
	1,638,341		China Longyuan Power Group Corp		968,691
	683,000		China Medical System Holdings Ltd		909,017
	25,800		China Meheco Co Ltd		48,613
	1,324,000		China Mengniu Dairy Co Ltd		4,855,809
	1,890,368		China Merchants Bank Co Ltd		9,114,524
	591,395		China Merchants Bank Co Ltd (Class A)		3,025,269
	191,700		China Merchants Energy Shipping Co Ltd		172,839
	674,894	e	China Merchants Holdings International Co Ltd		1,038,163
	135,400		China Merchants Securities Co Ltd		355,845
	214,900		China Merchants Shekou Industrial Zone Holdings Co Ltd		546,764
	1,063,900		China Minsheng Banking Corp Ltd		919,095
	3,597,602		China Minsheng Banking Corp Ltd		2,511,571
	2,950,165		China Mobile Hong Kong Ltd		24,249,328
	1,632,000	e	China Molybdenum Co Ltd		598,577
	489,300		China Molybdenum Co Ltd (Class A)		278,973
	10,400		China National Accord Medicines Corp Ltd		73,471
	1,913,913		China National Building Material Co Ltd		1,829,596
	33,800		China National Chemical Engineering Co Ltd		33,333

274

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	18,000		China National Medicines Corp Ltd	$	76,315
	296,400		China National Nuclear Power Co Ltd		204,791
	22,800		China National Software & Service Co Ltd		233,961
	144,400		China Northern Rare Earth Group High-Tech Co Ltd		212,476
	820,773		China Oilfield Services Ltd		1,190,924
	1,835,794		China Overseas Land & Investment Ltd		5,901,028
	176,000		China Pacific Insurance Group Co Ltd		876,433
	1,281,000		China Pacific Insurance Group Co Ltd		4,272,789
	2,274,000		China Power International Development Ltd		439,851
	991,500		China Railway Construction Corp		967,446
	355,500		China Railway Construction Corp Ltd		472,808
	556,900		China Railway Group Ltd		438,063
	1,926,454		China Railway Group Ltd		1,056,596
	49,600		China Railway Hi-tech Industry Co Ltd		72,337
	783,000	g	China Railway Signal & Communication Corp Ltd		377,099
	3,042,000		China Reinsurance Group Corp		431,951
	702,677		China Resources Beer Holdings Company Ltd		3,251,101
	38,300		China Resources Double Crane Pharmaceutical Co Ltd		75,006
	438,000		China Resources Gas Group Ltd		2,308,505
	1,325,555		China Resources Land Ltd		5,514,205
	826,500	g	China Resources Pharmaceutical Group Ltd		691,504
	927,372		China Resources Power Holdings Co		1,244,996
	19,700		China Resources Sanjiu Medical & Pharmaceutical Co Ltd		101,333
	170,900		China Shenhua Energy Co Ltd		418,583
	1,729,000		China Shenhua Energy Co Ltd		3,038,435
	620,000		China Shipbuilding Industry Co Ltd		439,132
	592,000		China Shipping Development Co Ltd		257,413
	46,600		China South Publishing & Media Group Co Ltd		81,071
	802,000		China Southern Airlines Co Ltd		443,144
	242,700		China Southern Airlines Co Ltd (Class A)		213,728
	20,700		China Spacesat Co Ltd		86,454
	1,174,320		China State Construction Engineering Corp Ltd		902,593
	1,076,744		China State Construction International Holdings Ltd		855,831
	6,637,336		China Telecom Corp Ltd		2,582,494
	20,258,778	g	China Tower Corp Ltd		4,187,679
	31,700		China TransInfo Technology Co Ltd		100,946
	2,993,716		China Unicom Ltd		2,497,415
	913,600		China United Network Communications Ltd		726,774
	722,500		China Vanke Co Ltd		2,547,072
	272,500		China Vanke Co Ltd (Class A)		1,102,176
	617,500		China Yangtze Power Co Ltd		1,505,153
	771,200		China Zhongwang Holdings Ltd		255,322
	88,000		Chinese Universe Publishing and Media Group Co Ltd		178,847
	13,100		Chongqing Brewery Co Ltd		89,202
	69,800		Chongqing Changan Automobile Co Ltd		96,692
	26,500		Chongqing Fuling Zhacai Group Co Ltd		88,375
	1,342,000		Chongqing Rural Commercial Bank		613,557
	40,300		Chongqing Zhifei Biological Products Co Ltd		340,705
	1,344,939		CIFI Holdings Group Co Ltd		923,517
	273,500	*	CITIC Guoan Information Industry Co Ltd		131,880
	2,870,738		Citic Pacific Ltd		3,246,193
	998,000		CITIC Securities Co Ltd		1,917,386
	280,300		CITIC Securities Co Ltd (Class A)		922,484
	8,882,674		CNOOC Ltd		13,297,696

275

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	60,600		Contemporary Amperex Technology Co Ltd	$	1,107,516
	958,196		COSCO Pacific Ltd		677,730
	142,500		COSCO SHIPPING Energy Transportation Co Ltd		118,155
	162,100	*	COSCO SHIPPING Holdings Co Ltd		108,232
	3,609,416		Country Garden Holdings Co Ltd		4,564,501
	571,000		Country Garden Services Holdings Co Ltd		1,844,708
	2,219,050		CRRC Corp Ltd		1,463,138
	697,500		CRRC Corp Ltd (Class A)		666,169
	76,200		CSC Financial Co Ltd		350,265
	2,249,401		CSPC Pharmaceutical Group Ltd		4,933,981
	1,085,500	g	Dali Foods Group Co Ltd		767,311
	203,700		Dalian Port PDA Co Ltd		56,997
	467,600		Daqin Railway Co Ltd		515,534
	1,708,000		Datang International Power Generation Co Ltd		297,480
	21,800		Dawning Information Industry Co Ltd		125,369
	17,000		DHC Software Co Ltd		33,793
	8,900		Dong-E-E-Jiao Co Ltd		43,096
	72,700		Dongfang Electric Corp Ltd		91,437
	1,375,917		Dongfeng Motor Group Co Ltd		1,028,195
	61,500		Dongxing Securities Co Ltd		103,480
	150,100		East Money Information Co Ltd		308,295
	383,200		ENN Energy Holdings Ltd		4,454,661
	24,600	*	Eve Energy Co Ltd		208,362
	47,900		Everbright Securities Co Ltd		82,190
	102,043	*	Fangda Carbon New Material Co Ltd		161,574
	1,007,000		Far East Horizon Ltd		889,698
	25,800		Fiberhome Telecommunication Technologies Co Ltd		93,580
	116,500		Financial Street Holdings Co Ltd		125,133
	178,400		First Capital Securities Co Ltd		187,225
	322,040		Focus Media Information Technology Co Ltd		264,537
	61,225		Foshan Haitian Flavouring & Food Co Ltd		930,780
	1,216,952		Fosun International		1,609,370
	126,200		Founder Securities Co Ltd		140,645
	122,500		Foxconn Industrial Internet Co Ltd		341,205
	2,494,000		Franshion Properties China Ltd		1,667,293
	26,100		Fujian Sunner Development Co Ltd		76,538
	830,000	e	Future Land Development Holdings Ltd		833,230
	62,700		Future Land Holdings Co Ltd		298,964
	37,300		Fuyao Glass Industry Group Co Ltd		129,494
	271,698	g	Fuyao Glass Industry Group Co Ltd		777,480
	1,500		G-bits Network Technology Xiamen Co Ltd		79,438
	134,700	*	GCL System Integration Technology Co Ltd		113,428
	537,900		GD Power Development Co Ltd		170,310
	29,900	*	GDS Holdings Ltd (ADR)		1,546,129
	2,392,828		Geely Automobile Holdings Ltd		3,791,691
	268,600		GEM Co Ltd		218,216
	127,600		Gemdale Corp		236,582
	452,000	*	Genscript Biotech Corp		1,034,561
	685,200		GF Securities Co Ltd		748,406
	132,000		GF Securities Co Ltd (Class A)		270,999
	35,800		Giant Network Group Co Ltd		91,809
	8,300		Gigadevice Semiconductor Beijing, Inc		331,115
	28,300		Glodon Co Ltd		156,350
	59,500		GoerTek, Inc		195,980

276

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	5,601,968	*,e	GOME Electrical Appliances Holdings Ltd	$	514,053
	57,900		Grandjoy Holdings Group Co Ltd		52,355
	1,553,266	e	Great Wall Motor Co Ltd		1,026,338
	85,100		Gree Electric Appliances, Inc of Zhuhai		759,842
	207,300		Greenland Holdings Corp Ltd		190,993
	515,305		Greentown Service Group Co Ltd		543,621
	51,700		GRG Banking Equipment Co Ltd		74,217
	37,500		Guangdong Haid Group Co Ltd		181,871
	70,300		Guangdong HEC Technology Holding Co Ltd		91,989
	1,402,000		Guangdong Investments Ltd		2,845,597
	149,600	*	Guangdong LY Intelligent Manufacturing Co Ltd		270,601
	397,700		Guanghui Energy Co Ltd		183,691
	399,500		Guangshen Railway Co Ltd		163,858
	81,100		Guangzhou Automobile Group Co Ltd		124,981
	1,358,851		Guangzhou Automobile Group Co Ltd		1,361,906
	60,400		Guangzhou Baiyun International Airport Co Ltd		130,921
	42,100		Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd		224,571
	41,100		Guangzhou Haige Communications Group, Inc Co		69,019
	11,600		Guangzhou Kingmed Diagnostics Group Co Ltd		84,106
	646,800		Guangzhou R&F Properties Co Ltd		975,681
	103,000		Guizhou Bailing Group Pharmaceutical Co Ltd		132,962
	134,800		Guosen Securities Co Ltd		230,971
	221,800		Guotai Junan Securities Co Ltd		537,057
	389,000	g	Guotai Junan Securities Co Ltd		620,210
	29,800		Guoxuan High-Tech Co Ltd		106,230
	101,100		Guoyuan Securities Co Ltd		121,679
	169,000	e,g	Haidilao International Holding Ltd		649,179
	290,000		Haitian International Holdings Ltd		626,982
	1,392,800		Haitong Securities Co Ltd		1,345,964
	231,500		Haitong Securities Co Ltd (Class A)		456,775
	257,600		Hangzhou Hikvision Digital Technology Co Ltd		1,288,392
	19,700		Hangzhou Robam Appliances Co Ltd		90,807
	34,500		Hangzhou Silan Microelectronics Co Ltd		81,274
	15,600		Hangzhou Tigermed Consulting Co Ltd		162,290
	236,000	*,g	Hansoh Pharmaceutical Group Co Ltd		835,522
	13,500		Hefei Meiya Optoelectronic Technology, Inc		70,621
	47,000		Heilongjiang Agriculture Co Ltd		65,401
	81,400		Henan Shuanghui Investment & Development Co Ltd		333,833
	347,000		Hengan International Group Co Ltd		2,527,597
	127,320		Hengli Petrochemical Co Ltd		306,947
	19,180		Hengtong Optic-electric Co Ltd		44,572
	59,200		Hengyi Petrochemical Co Ltd		114,424
	88,900		Hesteel Co Ltd		30,595
	20,000		Hithink RoyalFlush Information Network Co Ltd		291,113
	129,800		HLA Corp Ltd		137,335
	62,200		Holitech Technology Co Ltd		53,520
	18,900		Hongfa Technology Co Ltd		92,562
	258,051	e,g	Hua Hong Semiconductor Ltd		615,973
	197,010		Huaan Securities Co Ltd		189,733
	924,000		Huadian Power International Corp Ltd		304,765
	408,000		Huadian Power International Corp Ltd (Class A)		205,154
	45,800		Huadong Medicine Co Ltd		134,952
	44,400		Hualan Biological Engineering, Inc		227,855
	241,400		Huaneng Power International, Inc		186,532

277

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	1,843,110		Huaneng Power International, Inc	$	869,831
	2,358,000		Huaneng Renewables Corp Ltd		964,469
	808,000	e,g	Huatai Securities Co Ltd		1,268,215
	216,000		Huatai Securities Co Ltd (Class A)		565,748
	135,500		Huaxi Securities Co Ltd		199,630
	373,900		Huaxia Bank Co Ltd		393,705
	35,900		Huaxin Cement Co Ltd		109,005
	62,373		Huayu Automotive Systems Co Ltd		235,639
	64,700		Huazhu Group Ltd (ADR)		2,232,150
	88,900		Hubei Biocause Pharmaceutical Co Ltd		80,297
	29,200		Hubei Jumpcan Pharmaceutical Co Ltd		108,997
	66,500		Hubei Kaile Science & Technology Co Ltd		119,945
	105,800	*	Hunan Valin Steel Co Ltd		65,738
	28,190		Hundsun Technologies, Inc		345,023
	29,300	*	Hutchison China MediTech Ltd (ADR)		719,315
	29,400	*,e	HUYA, Inc (ADR)		525,672
	58,900		Iflytek Co Ltd		290,940
	1,635,600		Industrial & Commercial Bank of China Ltd		1,329,284
	31,412,777		Industrial & Commercial Bank of China Ltd		20,850,960
	572,000		Industrial Bank Co Ltd		1,497,627
	96,600		Industrial Securities Co Ltd		91,301
	1,216,700		Inner Mongolia BaoTou Steel Union Co Ltd		215,356
	37,600		Inner Mongolia First Machinery Group Co Ltd		56,605
	158,600	*	Inner Mongolia Junzheng Energy & Chemical Industry Group Co Ltd		64,977
	195,000		Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd		70,130
	176,900		Inner Mongolia Yili Industrial Group Co Ltd		760,901
	577,700		Inner Mongolia Yitai Coal Co		452,284
	378,000	*,g	Innovent Biologics, Inc		1,449,919
	32,200		Inspur Electronic Information Industry Co Ltd		151,337
	61,800	*,e	IQIYI, Inc (ADR)		1,374,432
	9,600		Jafron Biomedical Co Ltd		110,783
	354,924	*	JD.com, Inc (ADR)		13,377,085
	73,300		Jiangsu Changshu Rural Commercial Bank Co Ltd		86,188
	638,000		Jiangsu Express		790,486
	19,700		Jiangsu Hengli Hydraulic Co Ltd		140,152
	120,560		Jiangsu Hengrui Medicine Co Ltd		1,500,168
	33,000		Jiangsu King’s Luck Brewery JSC Ltd		143,394
	44,200		Jiangsu Yanghe Brewery Joint-Stock Co Ltd		662,003
	8,500		Jiangsu Yangnong Chemical Co Ltd		76,824
	26,000		Jiangsu Yuyue Medical Equipment & Supply Co Ltd		90,397
	94,900		Jiangsu Zhongnan Construction Group Co Ltd		123,492
	81,100		Jiangsu Zhongtian Technology Co Ltd		94,366
	547,000		Jiangxi Copper Co Ltd		644,992
	100,300		Jiangxi Copper Co Ltd (Class A)		210,949
	53,000		Jiangxi Ganfeng Lithium Co Ltd		321,301
	64,800		Jiangxi Zhengbang Technology Co Ltd		129,413
	36,500		Jilin Aodong Pharmaceutical Group Co Ltd		84,413
	61,900		Jinduicheng Molybdenum Co Ltd		64,957
	208,500		Jinke Properties Group Co Ltd		209,282
	39,800		Jinyu Bio-Technology Co Ltd		113,608
	49,000		Joincare Pharmaceutical Group Industry Co Ltd		72,395
	64,500		Jointown Pharmaceutical Group Co Ltd		152,446
	21,500		Jonjee Hi-Tech Industrial And Commercial Holding Co Ltd		115,850
	27,804	*	JOYY, Inc (ADR)		1,682,976

278

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	13,800		Juewei Food Co Ltd	$	74,949
	26,600	*	Juneyao Airlines Co Ltd		49,415
	1,152,000		Kaisa Group Holdings Ltd		477,705
	320,381		Kingboard Chemical Holdings Ltd		843,061
	1,140,000	e	Kingdee International Software Group Co Ltd		1,217,354
	412,000	*,e	Kingsoft Corp Ltd		1,245,101
	35,300		Kweichow Moutai Co Ltd		5,189,568
	644,929		KWG Property Holding Ltd		835,147
	7,100		Laobaixing Pharmacy Chain JSC		74,073
	693,000		Lee & Man Paper Manufacturing Ltd		478,660
	222,800	g	Legend Holdings Corp		414,124
	3,527,856		Lenovo Group Ltd		2,301,933
	102,600		Lens Technology Co Ltd		293,225
	50,700		Lepu Medical Technology Beijing Co Ltd		229,758
	54,900		Leyard Optoelectronic Co Ltd		57,618
	934,000		Li Ning Co Ltd		2,727,633
	28,800	*	Liaoning Cheng Da Co Ltd		64,840
	22,100		Livzon Pharmaceutical Group, Inc		119,918
	662,000		Logan Property Holdings Co Ltd		1,000,674
	60,600		Lomon Billions Group Co Ltd		140,636
	853,500	g	Longfor Properties Co Ltd		3,601,898
	94,500		LONGi Green Energy Technology Co Ltd		385,324
	57,700		Luxi Chemical Group Co Ltd		78,381
	138,783		Luxshare Precision Industry Co Ltd		864,099
	587,500	e,g	Luye Pharma Group Ltd		376,896
	41,000		Luzhou Laojiao Co Ltd		470,301
	464,000	e	Maanshan Iron & Steel Co Ltd		164,113
	96,024		Maanshan Iron & Steel Co Ltd (Class A)		38,984
	35,870	*	Mango Excellent Media Co Ltd		228,813
	93,728		Meinian Onehealth Healthcare Holdings Co Ltd		189,294
	485,200	*	Meituan Dianping (Class B)		6,142,552
	525,300		Metallurgical Corp of China Ltd		199,718
	1,533,000		Metallurgical Corp of China Ltd		298,538
	72,764		Momo, Inc (ADR)		2,226,578
	45,980		Muyuan Foodstuff Co Ltd		523,615
	56,700	*	NanJi E-Commerce Co Ltd		81,484
	101,800		Nanjing Iron & Steel Co Ltd		46,586
	12,000		Nanjing King-Friend Biochemical Pharmaceutical Co Ltd		85,077
	203,800		Nanjing Securities Co Ltd		351,801
	92,400		NARI Technology Co Ltd		238,240
	11,400		NAURA Technology Group Co Ltd		187,098
	54,600		NavInfo Co Ltd		119,529
	34,201		Netease.com (ADR)		10,970,313
	64,400		New China Life Insurance Co Ltd		426,905
	407,700		New China Life insurance Co Ltd		1,520,798
	107,300		New Hope Liuhe Co Ltd		271,969
	68,484	*	New Oriental Education & Technology Group (ADR)		8,324,230
	21,600		Newland Digital Technology Co Ltd		56,794
	23,700		Ninestar Corp		130,502
	30,200	*	Ningbo Joyson Electronic Corp		92,047
	210,100		Ningbo Zhoushan Port Co Ltd		108,574
	326,100	*,e	NIO, Inc (ADR)		1,232,658
	17,852	*,e	Noah Holdings Ltd (ADR)		605,718
	59,100		Northeast Securities Co Ltd		70,176

279

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	101,600		Oceanwide Holdings Co Ltd	$	65,531
	207,326		Offshore Oil Engineering Co Ltd		210,858
	74,400	*	O-film Tech Co Ltd		183,472
	5,600		Oppein Home Group, Inc		90,116
	144,900		Orient Securities Co Ltd		208,296
	7,000		Ovctek China, Inc		52,019
	194,200	*	Pacific Securities Co Ltd		94,671
	193,600	*	Pangang Group Vanadium Titanium & Resources Co Ltd		71,901
	4,132,220		People’s Insurance Co Group of China Ltd		1,478,501
	30,500		Perfect World Co Ltd		204,890
	3,342,306		PICC Property & Casualty Co Ltd		3,574,429
	93,532	*	Pinduoduo, Inc (ADR)		3,294,197
	470,400		Ping An Bank Co Ltd		1,006,142
	165,500	*,e,g	Ping An Healthcare and Technology Co Ltd		1,407,286
	2,681,526		Ping An Insurance Group Co of China Ltd		30,322,296
	306,000		Ping An Insurance Group Co of China Ltd (Class A)		3,507,732
	326,100		Poly Real Estate Group Co Ltd		694,804
	3,896,000	g	Postal Savings Bank of China Co Ltd		2,424,265
	483,600		Power Construction Corp of China Ltd		279,879
	200,100		Qingdao Haier Co Ltd		522,730
	95,100	*,e	Qudian, Inc (ADR)		273,888
	162,500		RiseSun Real Estate Development Co Ltd		206,830
	122,600		Rongsheng Petro Chemical Co Ltd		201,730
	218,600		SAIC Motor Corp Ltd		695,762
	113,500		Sanan Optoelectronics Co Ltd		354,505
	8,600		Sangfor Technologies, Inc		191,111
	68,700		Sansteel Minguang Co Ltd		82,330
	224,700		Sany Heavy Industry Co Ltd		505,594
	56,100		SDIC Capital Co Ltd		108,418
	187,300		SDIC Power Holdings Co Ltd		218,547
	368,160		Sealand Securities Co Ltd		235,570
	1,463,265	*,e	Semiconductor Manufacturing International Corp		2,671,830
	45,900		SF Holding Co Ltd		254,577
	266,700		Shaanxi Coal Industry Co Ltd		317,331
	73,690		Shandong Buchang Pharmaceuticals Co Ltd		217,947
	81,675	*	Shandong Gold Mining Co Ltd		391,755
	43,000		Shandong Hualu Hengsheng Chemical Co Ltd		112,864
	44,800		Shandong Linglong Tyre Co Ltd		140,009
	399,700		Shandong Nanshan Aluminum Co Ltd		127,248
	20,000		Shandong Sinocera Functional Material Co Ltd		70,500
	62,300		Shandong Sun Paper Industry JSC Ltd		82,195
	1,011,390		Shandong Weigao Group Medical Polymer Co Ltd		1,206,035
	668,900	*	Shandong Xinchao Energy Corp Ltd		194,358
	135,000		Shanghai 2345 Network Holding Group Co Ltd		60,288
	39,600		Shanghai AJ Group Co Ltd		50,390
	20,000		Shanghai Baosight Software Co Ltd		104,387
	198,400		Shanghai Construction Group Co Ltd		95,711
	168,400		Shanghai Electric Group Co Ltd		115,325
	1,328,623		Shanghai Electric Group Co Ltd		392,675
	83,700		Shanghai Electric Power Co Ltd		89,358
	63,300		Shanghai Fosun Pharmaceutical Group Co Ltd		232,802
	275,985		Shanghai Fosun Pharmaceutical Group Co Ltd		733,866
	289,000		Shanghai Industrial Holdings Ltd		509,037
	31,900		Shanghai International Airport Co Ltd		311,281

280

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	162,300		Shanghai International Port Group Co Ltd	$	119,138
	16,700		Shanghai Jahwa United Co Ltd		67,515
	20,800		Shanghai Jinjiang International Hotels Development Co Ltd		76,828
	595,679		Shanghai Lujiazui Finance & Trade Zone Development Co Ltd		559,057
	20,600		Shanghai M&G Stationery, Inc		145,642
	53,600		Shanghai Mechanical and Electrical Industry Co Ltd		122,384
	88,000		Shanghai Oriental Pearl Group Co Ltd		132,998
	60,400		Shanghai Pharmaceuticals Holding Co Ltd		162,403
	396,541		Shanghai Pharmaceuticals Holding Co Ltd		738,468
	874,300		Shanghai Pudong Development Bank Co Ltd		1,397,145
	17,500		Shanghai Waigaoqiao Free Trade Zone Group Co Ltd		42,236
	73,100		Shanghai Yuyuan Tourist Mart Group Co Ltd		80,062
	93,800		Shanghai Zhangjiang High-Tech Park Development Co Ltd		189,907
	204,600		Shanxi Lu’an Environmental Energy Development Co Ltd		193,069
	123,100	*	Shanxi Meijin Energy Co Ltd		130,635
	133,200		Shanxi Securities Co Ltd		146,668
	136,300		Shanxi Taigang Stainless Steel Co Ltd		75,074
	22,500		Shanxi Xinghuacun Fen Wine Factory Co Ltd		292,799
	110,900		Shanxi Xishan Coal & Electricity Power Co Ltd		87,161
	97,500		Shenergy Co Ltd		76,941
	146,700		Shenghe Resources Holding Co Ltd		172,433
	55,200		Shengyi Technology Co Ltd		188,253
	8,400		Shennan Circuits Co Ltd		205,433
	585,400		Shenwan Hongyuan Group Co Ltd		400,052
	68,300		Shenzhen Airport Co Ltd		86,849
	26,500		Shenzhen Energy Group Co Ltd		22,300
	412,000		Shenzhen Expressway Co Ltd		533,078
	9,100		Shenzhen Goodix Technology Co Ltd		432,081
	30,900		Shenzhen Hepalink Pharmaceutical Group Co Ltd		100,579
	43,300		Shenzhen Inovance Technology Co Ltd		179,086
	451,238		Shenzhen International Holdings Ltd		901,374
	1,100,470		Shenzhen Investment Ltd		380,015
	23,700		Shenzhen Kangtai Biological Products Co Ltd		337,533
	68,200	*	Shenzhen Kingdom Sci-Tech Co Ltd		190,788
	9,300		Shenzhen Mindray Bio-Medical Electronics Co Ltd		245,310
	202,600		Shenzhen Overseas Chinese Town Co Ltd		201,959
	13,200		Shenzhen Salubris Pharmaceuticals Co Ltd		34,783
	23,100	*	Shenzhen Sunway Communication Co Ltd		139,121
	251,500		Shenzhen Zhongjin Lingnan Nonfemet Co Ltd		144,382
	361,200		Shenzhou International Group Holdings Ltd		4,774,998
	547,500		Shimao Property Holdings Ltd		1,766,780
	1,698,000		Shui On Land Ltd		338,503
	35,500	*	Siasun Robot & Automation Co Ltd		75,886
	177,200		Sichuan Chuantou Energy Co Ltd		231,689
	336,800	*	Sichuan Hebang Biotechnology Co Ltd		70,010
	44,300		Sichuan Kelun Pharmaceutical Co Ltd		158,706
	56,400		Sichuan Languang Development Co Ltd		55,027
	12,900		Sichuan Swellfun Co Ltd		93,030
	31,735	*	Sina Corp		1,229,414
	171,500		Sinochem International Corp		126,603
	82,200		Sinolink Securities Co Ltd		100,123
	1,546,471		Sino-Ocean Land Holdings Ltd		556,125
	708,000		Sinopec Engineering Group Co Ltd		381,503
	2,140,000		Sinopec Shanghai Petrochemical Co Ltd		544,114

281

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	228,783		Sinopec Shanghai Petrochemical Co Ltd (Class A)	$	126,386
	585,200		Sinopharm Group Co		1,904,198
	1,097,000		Sinotrans Ltd		335,688
	308,700		Sinotrans Ltd		180,905
	368,745		Sinotruk Hong Kong Ltd		633,151
	1,016,000		Soho China Ltd		387,368
	30,200		Songcheng Performance Development Co Ltd		116,591
	73,400		SooChow Securities Co Ltd		91,167
	131,200		Southwest Securities Co Ltd		92,502
	2,439		Spring Airlines Co Ltd		13,471
	1,163,031		Sunac China Holdings Ltd		5,609,372
	245,100		Suning.com Co Ltd		343,466
	341,117		Sunny Optical Technology Group Co Ltd		5,420,487
	38,400		Sunwoda Electronic Co Ltd		132,606
	33,000		Suofeiya Home Collection Co Ltd		91,103
	43,100		Suzhou Dongshan Precision Manufacturing Co Ltd		170,390
	25,700		Suzhou Gold Mantis Construction Decoration Co Ltd		31,543
	70,300		Tahoe Group Co Ltd		55,747
	184,632	*	TAL Education Group (ADR)		9,213,137
	36,800		Tangshan Jidong Cement Co Ltd		79,550
	116,700		TangShan Port Group Co Ltd		41,132
	71,931		Tasly Pharmaceutical Group Co Ltd		158,623
	49,700		TBEA Co Ltd		44,896
	396,500		TCL Corp		280,243
	30,500	*	Tech-Bank Food Co Ltd		43,836
	2,744,404		Tencent Holdings Ltd		130,881,099
	50,200	*	Tencent Music Entertainment (ADR)		637,038
	98,200		Tian Di Science & Technology Co Ltd		43,339
	64,900		Tianjin Zhonghuan Semiconductor Co Ltd		142,625
	72,100		Tianma Microelectronics Co Ltd		168,944
	66,560		Tianqi Lithium Corp		288,196
	974,000		Tingyi Cayman Islands Holding Corp		1,643,184
	13,900		Toly Bread Co Ltd		75,669
	92,900		Tonghua Dongbao Pharmaceutical Co Ltd		159,352
	52,600		Tongkun Group Co Ltd		102,900
	199,000		Tongling Nonferrous Metals Group Co Ltd		62,311
	116,892		Tongwei Co Ltd		224,449
	8,400	*	Topchoice Medical Corp		121,926
	92,900		Transfar Zhilian Co Ltd		93,378
	469,661		Travelsky Technology Ltd		1,016,350
	226,896	*	Trip.com Group Ltd (ADR)		7,290,168
	198,000		Tsingtao Brewery Co Ltd		1,095,160
	21,500		Tsingtao Brewery Co Ltd (Class A)		146,173
	203,600		Tunghsu Optoelectronic Technology Co Ltd		90,900
	119,600		Tus-Sound Environmental Resources Co Ltd		147,030
	14,400		Unigroup Guoxin Microelectronics Co Ltd		112,921
	637,000		Uni-President China Holdings Ltd		648,354
	25,800		Unisplendour Corp Ltd		119,155
	28,200		Universal Scientific Industrial Shanghai Co Ltd		77,413
	19,000		Venustech Group, Inc		104,475
	212,524	*	Vipshop Holdings Ltd (ADR)		2,705,431
	28,200	*	Visionox Technology, Inc		61,339
	18,300		Visual China Group Co Ltd		45,640
	51,400		Walvax Biotechnology Co Ltd		208,315

282

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	58,500	*	Wanda Film Holding Co Ltd	$	141,626
	88,500		Wangsu Science & Technology Co Ltd		100,813
	89,400		Wanhua Chemical Group Co Ltd		651,064
	2,431,252		Want Want China Holdings Ltd		2,006,876
	198,260		Wanxiang Qianchao Co Ltd		165,908
	27,072	*,e	Weibo Corp (ADR)		1,153,809
	950,800		Weichai Power Co Ltd		1,664,594
	126,900		Weichai Power Co Ltd (Class A)		240,148
	10,200		Weifu High-Technology Group Co Ltd		26,611
	12,600		Weihai Guangwei Composites Co Ltd		83,807
	154,300		Wens Foodstuffs Group Co Ltd		710,334
	140,000		Western Securities Co Ltd		181,874
	21,200		Westone Information Industry, Inc		77,096
	13,600		Will Semiconductor Ltd		341,808
	97,200		Winning Health Technology Group Co Ltd		215,351
	1,194,000		Winteam Pharmaceutical Group Ltd		551,727
	78,400		Wuchan Zhongda Group Co Ltd		55,877
	16,800		Wuhan Guide Infrared Co Ltd		75,404
	55,400		Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co Ltd		256,251
	105,700		Wuliangye Yibin Co Ltd		1,848,491
	43,900		WUS Printed Circuit Kunshan Co Ltd		147,038
	39,900		WuXi AppTec Co Ltd		541,888
	71,260	g	WuXi AppTec Co Ltd		863,126
	270,267	*,g	Wuxi Biologics Cayman, Inc		3,418,302
	26,600		Wuxi Lead Intelligent Equipment Co Ltd		164,475
	143,900		XCMG Construction Machinery Co Ltd		104,793
	107,700		Xiamen C & D, Inc		130,633
	30,600		Xiamen Tungsten Co Ltd		54,287
	3,733,400	*,e,g	Xiaomi Corp		5,471,554
	217,900		Xinhu Zhongbao Co Ltd		108,367
	105,500		Xinjiang Goldwind Science & Technology Co Ltd		174,211
	446,000		Xinjiang Goldwind Science & Technology Co Ltd		467,331
	63,300		Xinjiang Zhongtai Chemical Co Ltd		55,572
	143,900		Xinxing Ductile Iron Pipes Co Ltd		79,077
	1,603,780		Xinyi Solar Holdings Ltd		1,120,800
	98,900		Yango Group Co Ltd		98,342
	45,500		Yantai Jereh Oilfield Services Group Co Ltd		235,076
	938,464		Yanzhou Coal Mining Co Ltd		692,433
	148,900		Yanzhou Coal Mining Co Ltd (Class A)		204,196
	9,200		Yealink Network Technology Corp Ltd		106,533
	44,200		Yifan Pharmaceutical Co Ltd		111,684
	9,400		Yifeng Pharmacy Chain Co Ltd		111,537
	233,000		Yihai International Holding Ltd		1,309,242
	50,800		Yintai Gold Co Ltd		92,340
	227,500		Yonghui Superstores Co Ltd		242,995
	62,230		Yonyou Network Technology Co Ltd		280,771
	22,600	*	Youzu Interactive Co Ltd		87,139
	38,100		Yuan Longping High-tech Agriculture Co Ltd		97,825
	3,236,000		Yuexiul Property Co Ltd		647,753
	172,790		Yum China Holdings, Inc		7,442,065
	23,300		Yunda Holding Co Ltd		97,335
	37,900		Yunnan Baiyao Group Co Ltd		466,921
	16,100		Yunnan Energy New Material Co Ltd		135,108

283

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	86,500	*	Yunnan Tin Co Ltd	$	128,765
	926,300		Yuzhou Properties Co		427,387
	14,195		Zhangzhou Pientzehuang Pharmaceutical Co Ltd		258,523
	509,500		Zhaojin Mining Industry Co Ltd		587,004
	56,916		Zhejiang Chint Electrics Co Ltd		217,017
	79,600		Zhejiang Conba Pharmaceutical Co Ltd		67,537
	78,200		Zhejiang Dahua Technology Co Ltd		215,149
	7,300		Zhejiang Dingli Machinery Co Ltd		71,336
	702,414		Zhejiang Expressway Co Ltd		573,428
	38,300	*	Zhejiang Huahai Pharmaceutical Co Ltd		95,277
	22,476		Zhejiang Huayou Cobalt Co Ltd		147,980
	45,500		Zhejiang Jiahua Energy Chemical Industry Co Ltd		64,016
	67,900		Zhejiang Juhua Co Ltd		66,879
	90,300		Zhejiang Longsheng Group Co Ltd		168,645
	60,600		Zhejiang NHU Co Ltd		202,597
	76,900		Zhejiang Sanhua Intelligent Controls Co Ltd		226,130
	73,800		Zhejiang Semir Garment Co Ltd		98,507
	12,900		Zhejiang Supor Co Ltd		129,459
	58,900		Zhejiang Wanfeng Auto Wheel Co Ltd		60,884
	39,500		Zhejiang Weixing New Building Materials Co Ltd		70,012
	13,200		Zhejiang Wolwo Bio-Pharmaceutical Co Ltd		90,768
	91,800		Zhengzhou Yutong Bus Co Ltd		205,890
	782,000		Zhenro Properties Group Ltd		483,501
	179,100		Zheshang Securities Co Ltd		261,513
	172,800	*,e,g	ZhongAn Online P&C Insurance Co Ltd		557,747
	14,000		Zhongji Innolight Co Ltd		105,150
	190,440		Zhongjin Gold Corp Ltd		225,822
	276,000		Zhongsheng Group Holdings Ltd		1,015,772
	278,600		Zhuzhou CSR Times Electric Co Ltd		938,113
	2,769,299		Zijin Mining Group Co Ltd		1,215,178
	591,800		Zijin Mining Group Co Ltd (Class A)		362,373
	163,900		Zoomlion Heavy Industry Science and Technology Co Ltd		145,785
	98,600	*	ZTE Corp		526,481
	381,064	*,e	ZTE Corp (Class H)		1,220,916
	153,300		ZTO Express Cayman, Inc (ADR)		3,329,676
			TOTAL CHINA		941,590,465
COLOMBIA - 0.4%
	107,137		BanColombia S.A.		1,329,501
	217,571		BanColombia S.A. (Preference)		2,843,691
	2,668,485		Ecopetrol S.A.		2,481,223
	143,883		Grupo Argos S.A.		735,402
	1,925,410		Grupo Aval Acciones y Valores		816,329
	110,945		Grupo de Inversiones Suramericana S.A.		1,038,082
	207,620		Interconexion Electrica S.A.		1,141,303
			TOTAL COLOMBIA		10,385,531
CZECH REPUBLIC - 0.1%
	83,665		CEZ AS		1,832,116
	36,567		Komercni Banka AS		1,256,834
	243,391	g	Moneta Money Bank AS		888,725
			TOTAL CZECH REPUBLIC		3,977,675

284

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
EGYPT - 0.1%
	653,256		Commercial International Bank	$	3,517,659
	518,867		Eastern Tobacco		492,924
	371,381		ElSwedy Cables Holding Co		265,138
			TOTAL EGYPT		4,275,721
GREECE - 0.3%
	665,491	*	Alpha Bank AE		1,331,956
	1,283,177	*	Eurobank Ergasias S.A.		1,177,343
	12,741	*,†	Hellenic Duty Free Shops S.A.		141
	116,262		Hellenic Telecommunications Organization S.A.		1,736,327
	50,364		JUMBO S.A.		1,026,078
	32,834		Motor Oil Hellas Corinth Refineries S.A.		697,194
	258,885	*	National Bank of Greece S.A.		821,763
	88,856		OPAP S.A.		1,106,441
			TOTAL GREECE		7,897,243
HONG KONG - 0.5%
	6,861,652	*	Alibaba Pictures Group Ltd		970,647
	1,568,000	*	China First Capital Group Ltd		50,473
	1,221,226		China Resources Cement Holdings Ltd		1,366,250
	613,000		Haier Electronics Group Co Ltd		1,841,279
	491,651		Kingboard Laminates Holdings Ltd		502,311
	861,000		Nine Dragons Paper Holdings Ltd		813,654
	3,324,221		Sino Biopharmaceutical		4,389,886
	818,000		SSY Group Ltd		747,636
	1,165,000		Sun Art Retail Group Ltd		1,384,192
	613,000		Towngas China Co Ltd		379,749
	531,000		Wharf Holdings Ltd		1,311,701
			TOTAL HONG KONG		13,757,778
HUNGARY - 0.3%
	217,493		MOL Hungarian Oil & Gas plc		1,844,604
	100,972		OTP Bank		4,677,221
	66,738		Richter Gedeon Rt		1,434,793
			TOTAL HUNGARY		7,956,618
INDIA - 8.7%
	266,943		Ambuja Cements Ltd		763,256
	590,712		Ashok Leyland Ltd		677,642
	138,955		Asian Paints Ltd		3,491,742
	130,843		Aurobindo Pharma Ltd		882,708
	59,604	*,g	Avenue Supermarts Ltd		1,780,185
	1,004,632		Axis Bank Ltd		10,254,598
	83,361		Bajaj Finance Ltd		5,081,195
	18,773		Bajaj Finserv Ltd		2,474,930
	38,169		Bajaj Holdings and Investment Ltd		1,696,296
	193,394	g	Bandhan Bank Ltd		1,217,074
	100,444		Berger Paints India Ltd		788,476
	98,254		Bharat Forge Ltd		674,394
	318,861		Bharat Petroleum Corp Ltd		2,045,305
	1,178,028	*	Bharti Airtel Ltd		8,195,803
	182,660		Bharti Infratel Ltd		635,595
	3,399		Bosch Ltd		660,358
	25,852		Britannia Industries Ltd		1,156,696

285

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	178,785		Cipla Ltd	$	1,116,673
	578,793		Coal India Ltd		1,468,942
	35,063		Colgate-Palmolive India Ltd		651,826
	90,433		Container Corp Of India Ltd		718,572
	255,118		Dabur India Ltd		1,769,603
	38,254		Divi S Laboratories Ltd		1,044,292
	285,513		DLF Ltd		1,038,683
	54,494		Dr Reddy’s Laboratories Ltd		2,384,760
	6,560		Eicher Motors Ltd		1,858,969
	791,975		GAIL India Ltd		1,335,331
	165,430		Godrej Consumer Products Ltd		1,557,985
	147,436		Grasim Industries Ltd		1,607,050
	116,808		Havells India Ltd		985,698
	523,420		HCL Technologies Ltd		4,338,875
	21,819	g	HDFC Asset Management Co Ltd		967,174
	240,402	g	HDFC Life Insurance Co Ltd		2,015,600
	48,148		Hero Honda Motors Ltd		1,681,798
	581,220		Hindalco Industries Ltd		1,533,386
	310,533		Hindustan Lever Ltd		8,833,795
	311,522		Hindustan Petroleum Corp Ltd		1,015,777
	779,940		Housing Development Finance Corp		26,358,879
	2,291,957		ICICI Bank Ltd		16,888,031
	81,577	g	ICICI Lombard General Insurance Co Ltd		1,507,215
	154,384	g	ICICI Prudential Life Insurance Co Ltd		1,103,151
	938,464		Indian Oil Corp Ltd		1,490,650
	27,400		Info Edge India Ltd		1,093,447
	1,639,348		Infosys Technologies Ltd		17,902,425
	46,919	g	InterGlobe Aviation Ltd		906,227
	1,694,672		ITC Ltd		5,578,667
	419,008		JSW Steel Ltd		1,460,628
	233,147		Larsen & Toubro Ltd		4,465,927
	153,306		LIC Housing Finance Ltd		935,880
	103,452		Lupin Ltd		1,038,362
	115,336		Mahindra & Mahindra Financial Services Ltd		594,536
	364,466		Mahindra & Mahindra Ltd		2,890,942
	212,692		Marico Ltd		939,463
	50,978		Maruti Suzuki India Ltd		4,922,962
	488,899		Motherson Sumi Systems Ltd		908,412
	307,016		Mundra Port and Special Economic Zone Ltd		1,585,451
	10,398		Nestle India Ltd		2,235,102
	1,122,289		NTPC Ltd		1,774,870
	2,526		Page Industries Ltd		864,162
	269,413		Petronet LNG Ltd		1,004,813
	55,497		Pidilite Industries Ltd		1,175,969
	6,185	*	Piramal Enterprises Ltd		133,622
	50,917		Piramal Healthcare Ltd		1,100,017
	911,923		Power Grid Corp of India Ltd		2,387,875
	1,369,962		Reliance Industries Ltd		27,021,712
	300,560		Rural Electrification Corp Ltd		603,847
	172,684	g	SBI Life Insurance Co Ltd		2,397,895
	946,444		Sesa Sterlite Ltd		1,812,642
	3,466		Shree Cement Ltd		1,116,483
	71,929		Shriram Transport Finance Co Ltd		1,026,112
	30,838	*	Siemens India Ltd		647,251

286

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	865,728	*	State Bank of India	$	3,849,228
	414,113		Sun Pharmaceutical Industries Ltd		2,520,398
	433,434		Tata Consultancy Services Ltd		12,628,399
	832,718	*	Tata Motors Ltd		2,042,337
	664,122		Tata Power Co Ltd		538,922
	186,569		Tata Steel Ltd		1,136,963
	215,946		Tech Mahindra Ltd		2,410,715
	151,439		Titan Industries Ltd		2,508,489
	49,376		Ultra Tech Cement Ltd		3,050,842
	263,895		United Phosphorus Ltd		1,941,655
	130,924	*	United Spirits Ltd		1,134,066
	527,108		Wipro Ltd		1,753,241
	421,062		ZEE Telefilms Ltd		1,588,184
			TOTAL INDIA		255,378,108
INDONESIA - 1.9%
	7,213,054		Adaro Energy Tbk		641,052
	26,445,882		Bank Rakyat Indonesia		8,597,682
	1,162,460		Indofood CBP Sukses Makmur Tbk		964,636
	2,882,000		PT ACE Hardware Indonesia Tbk		363,020
	9,691,172		PT Astra International Tbk		4,473,807
	4,696,875		PT Bank Central Asia Tbk		11,098,807
	8,869,539		PT Bank Mandiri Persero Tbk		4,849,822
	3,531,959		PT Bank Negara Indonesia		1,850,526
	1,708,200		PT Bank Tabungan Negara Tbk		232,504
	11,880,800	*	PT Barito Pacific Tbk		1,132,545
	3,227,400	*	PT Bumi Serpong Damai		261,683
	3,661,600		PT Charoen Pokphand Indonesia Tbk		1,774,749
	1,610,200	*	PT Excelcomindo Pratama		340,076
	246,500		PT Gudang Garam Tbk		1,004,358
	4,259,009		PT Hanjaya Mandala Sampoerna Tbk		641,216
	1,424,305		PT Indah Kiat Pulp and Paper Corp Tbk		698,302
	862,817		PT Indocement Tunggal Prakarsa Tbk		1,033,973
	2,046,900		PT Indofood Sukses Makmur Tbk		1,172,846
	972,082		PT Jasa Marga Tbk		325,902
	9,861,300		PT Kalbe Farma Tbk		1,028,676
	667,100		PT Pabrik Kertas Tjiwi Kimia Tbk		442,548
	8,991,000		PT Pakuwon Jati Tbk		341,258
	5,462,000		PT Perusahaan Gas Negara Persero Tbk		676,950
	1,455,900		PT Semen Gresik Persero Tbk		1,268,347
	2,084,200		PT Tambang Batubara Bukit Asam Tbk		334,848
	23,709,183		PT Telekomunikasi Indonesia Persero Tbk		6,576,380
	3,785,145		PT Unilever Indonesia Tbk		2,198,573
	832,800		PT United Tractors Tbk		1,163,751
			TOTAL INDONESIA		55,488,837
KOREA, REPUBLIC OF - 11.1%
	15,370	*	Amorepacific Corp		2,379,018
	5,061	*	Amorepacific Corp (Preference)		351,192
	3,961	*	BGF retail Co Ltd		545,181
	138,454	*	BS Financial Group, Inc		780,907
	10,959	*	Celltrion Healthcare Co Ltd		515,390
	30,177	*,e	Celltrion, Inc		4,110,809
	33,095		Cheil Communications, Inc		587,288

287

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	42,264		Cheil Industries, Inc	$	3,803,359
	4,382	*	CJ CheilJedang Corp		864,791
	7,960	*	CJ Corp		548,460
	5,823	*	CJ O Shopping Co Ltd		666,026
	13,976	*	Daelim Industrial Co		939,093
	86,377	*	Daewoo Engineering & Construction Co Ltd		312,165
	26,134	*	Daewoo International Corp		366,022
	184,817	*	Daewoo Securities Co Ltd		1,050,331
	16,379	*	Daewoo Shipbuilding & Marine Engineering Co Ltd		336,045
	23,333		Dongbu Insurance Co Ltd		825,868
	22,655		Doosan Bobcat, Inc		582,535
	10,040	*	E-Mart Co Ltd		925,480
	23,470	*,e	Fila Korea Ltd		859,266
	9,472		GLOVIS Co Ltd		1,161,827
	32,023	*	GS Engineering & Construction Corp		743,108
	25,877	*	GS Holdings Corp		986,337
	12,051	*	GS Retail Co Ltd		399,227
	144,323		Hana Financial Group, Inc		3,988,452
	37,843	*	Hankook Tire Co Ltd		903,040
	3,480	*	Hanmi Pharm Co Ltd		809,858
	89,111		Hanon Systems		780,863
	55,280	*	Hanwha Chemical Corp		766,950
	23,754	*	Hanwha Corp		426,800
	13,973	*,e	HDC Hyundai Development Co-Engineering & Construction		242,250
	16,095	*,e	HLB, Inc		1,220,687
	8,173	*	Honam Petrochemical Corp		1,281,965
	14,771		Hotel Shilla Co Ltd		1,066,916
	261,727		Hynix Semiconductor, Inc		19,913,848
	8,009	*	Hyundai Department Store Co Ltd		519,857
	38,599	*	Hyundai Engineering & Construction Co Ltd		1,218,585
	18,758	*	Hyundai Heavy Industries		1,767,552
	33,069	*	Hyundai Marine & Fire Insurance Co Ltd		606,649
	31,883		Hyundai Mobis		6,096,781
	71,784		Hyundai Motor Co		7,452,051
	18,250		Hyundai Motor Co Ltd (2nd Preference)		1,224,635
	12,263		Hyundai Motor Co Ltd (Preference)		747,662
	4,911	*	Hyundai Robotics Co Ltd		1,117,626
	39,665		Hyundai Steel Co		930,397
	123,576	*	Industrial Bank of Korea		1,107,068
	24,197	*	Kakao Corp		3,189,635
	56,962	*	Kangwon Land, Inc		1,311,285
	190,379	*	KB Financial Group, Inc		7,003,167
	2,842		KCC Corp		476,271
	2,671	*	KCC Glass Corp		76,420
	125,564		Kia Motors Corp		4,270,783
	13,605	*,e	KMW Co Ltd		551,341
	36,145	*	Korea Aerospace Industries Ltd		903,739
	124,756	*	Korea Electric Power Corp		2,639,203
	4,851	*	Korea Express Co Ltd		589,403
	16,318	*	Korea Gas Corp		442,171
	20,005	*	Korea Investment Holdings Co Ltd		1,100,289
	9,838		Korea Kumho Petrochemical		532,651
	196,655	*	Korea Life Insurance Co Ltd		334,948
	4,054	*	Korea Zinc Co Ltd		1,286,063

288

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	21,877	*	Korean Air Lines Co Ltd	$	428,903
	56,815	*	KT&G Corp		4,514,728
	22,184	*	LG Chem Ltd		6,185,776
	4,416	*	LG Chem Ltd (Preference)		658,753
	45,696	*	LG Corp		2,695,330
	50,509		LG Electronics, Inc		2,754,199
	4,491		LG Household & Health Care Ltd		4,697,232
	1,009		LG Household & Health Care Ltd (Preference)		638,907
	6,863		LG Innotek Co Ltd		855,274
	52,208	*	LG Telecom Ltd		577,863
	114,367	*	LG.Philips LCD Co Ltd		1,448,679
	12,552		Lotte Corp		368,313
	6,195	*	Lotte Shopping Co Ltd		594,795
	2,397		Medy-Tox, Inc		643,409
	149,331		Meritz Securities Co Ltd		453,571
	67,042		Naver Corp		9,997,880
	7,924	*	NCsoft		4,197,719
	13,064	*,e,g	Netmarble Corp		968,759
	10,268	*	OCI Co Ltd		474,029
	11,625	*	Orion Corp/Republic of Korea		992,923
	732	*	Ottogi Corp		309,213
	14,492	*	Pacific Corp		866,867
	3,361	*	Pearl Abyss Corp		507,721
	38,151		POSCO		6,911,758
	11,274		POSCO Refractories & Environment Co Ltd		533,074
	8,530		S1 Corp		651,997
	8,055	*,g	Samsung Biologics Co Ltd		3,237,460
	12,786		Samsung Card Co		407,122
	26,613		Samsung Electro-Mechanics Co Ltd		2,728,561
	2,285,953		Samsung Electronics Co Ltd		105,915,036
	395,720		Samsung Electronics Co Ltd (Preference)		15,468,997
	77,417	*	Samsung Engineering Co Ltd		1,101,402
	14,732		Samsung Fire & Marine Insurance Co Ltd		2,593,798
	214,806	*	Samsung Heavy Industries Co Ltd		1,182,729
	34,071		Samsung Life Insurance Co Ltd		1,971,544
	26,335		Samsung SDI Co Ltd		5,994,850
	16,909		Samsung SDS Co Ltd		2,725,394
	27,887		Samsung Securities Co Ltd		814,692
	219,865	*	Shinhan Financial Group Co Ltd		7,174,944
	3,832	*	Shinsegae Co Ltd		849,846
	17,452		SK C&C Co Ltd		3,411,702
	28,572		SK Energy Co Ltd		3,075,110
	9,761		SK Telecom Co Ltd		1,869,866
	22,915		S-Oil Corp		1,442,677
	125,021	*	STX Pan Ocean Co Ltd		412,224
	9,922	*,e	ViroMed Co Ltd		630,586
	24,491		Woongjin Coway Co Ltd		1,804,178
	229,170	*	Woori Financial Group, Inc		1,934,668
	64,107	*	Woori Investment & Securities Co Ltd		583,987
	4,958	*	Yuhan Corp		899,434
			TOTAL KOREA, REPUBLIC OF		325,696,065
LUXEMBOURG - 0.1%
	71,297		Reinet Investments S.C.A		1,521,009
			TOTAL LUXEMBOURG		1,521,009

289

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
MALAYSIA - 1.8%
	624,700	*	AirAsia BHD	$	217,005
	808,233		AMMB Holdings BHD		727,075
	71,099		British American Tobacco Malaysia BHD		204,379
	2,295,381		Bumiputra-Commerce Holdings BHD		2,752,610
	1,847,177		Dialog Group BHD		1,467,999
	1,374,425		Digi.Com BHD		1,411,057
	72,100		Fraser & Neave Holdings BHD		578,137
	891,600		Gamuda BHD		835,843
	1,017,975		Genting BHD		1,361,865
	90,100		Genting Plantations BHD		229,402
	230,200		HAP Seng Consolidated BHD		546,571
	750,800		Hartalega Holdings BHD		1,084,611
	299,587		Hong Leong Bank BHD		1,165,277
	79,406		Hong Leong Credit BHD		312,741
	1,098,112		IHH Healthcare BHD		1,520,802
	1,287,000		IJM Corp BHD		661,135
	835,020		IOI Corp BHD		920,227
	214,300		Kuala Lumpur Kepong BHD		1,188,295
	1,937,550		Malayan Banking BHD		3,976,310
	523,176		Malaysia Airports Holdings BHD		856,748
	1,116,300		Maxis BHD		1,438,772
	668,400		MISC BHD		1,248,663
	35,500		Nestle Malaysia BHD		1,247,799
	1,184,600		Petronas Chemicals Group BHD		1,782,097
	150,200		Petronas Dagangan BHD		812,209
	419,500		Petronas Gas BHD		1,637,872
	287,240		PPB Group BHD		1,301,400
	564,712		Press Metal BHD		669,312
	1,489,323		Public Bank BHD		6,734,930
	299,800		QL Resources BHD		606,656
	1,507,500		Resorts World BHD		1,105,072
	728,870		RHB Capital BHD		1,012,023
	1,441,965		Sime Darby BHD		763,974
	977,065		Sime Darby Plantation BHD		1,204,278
	573,565		Telekom Malaysia BHD		538,628
	1,509,063		Tenaga Nasional BHD		4,568,308
	1,337,774		TM International BHD		1,397,213
	761,600		Top Glove Corp BHD		1,084,640
	378,300		Westports Holdings BHD		363,089
	1,501,166		YTL Corp BHD		326,914
			TOTAL MALAYSIA		51,861,938
MEXICO - 2.4%
	1,453,650		Alfa S.A. de C.V. (Class A)		1,087,805
	248,000	*	Alsea SAB de C.V.		600,592
	16,107,841		America Movil S.A. de C.V. (Series L)		13,375,249
	7,119,697		Cemex S.A. de C.V.		2,863,629
	254,860		Coca-Cola Femsa SAB de C.V.		1,550,296
	85,451	e	El Puerto de Liverpool SAB de C.V.		451,506
	205,425		Embotelladoras Arca SAB de C.V.		1,163,374
	1,520,200		Fibra Uno Administracion S.A. de C.V.		2,494,848

290

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	943,611		Fomento Economico Mexicano S.A. de C.V.	$	8,508,005
	93,880		Gruma SAB de C.V.		997,650
	169,030		Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)		2,089,136
	100,291		Grupo Aeroportuario del Sureste S.A. de C.V. (Class B)		1,927,054
	776,520		Grupo Bimbo S.A. de C.V. (Series A)		1,389,439
	225,498		Grupo Carso S.A. de C.V. (Series A1)		813,060
	1,238,928		Grupo Financiero Banorte S.A. de C.V.		7,611,715
	1,079,144		Grupo Financiero Inbursa S.A.		1,227,319
	1,688,732		Grupo Mexico S.A. de C.V. (Series B)		4,509,720
	1,146,990		Grupo Televisa S.A.		2,539,154
	63,509	e	Industrias Penoles S.A. de C.V.		663,373
	269,500		Infraestructura Energetica ,NV SAB de C.V.		1,265,953
	718,542		Kimberly-Clark de Mexico S.A. de C.V. (Class A)		1,481,918
	146,600		Megacable Holdings SAB de C.V.		545,497
	531,523		Orbia Advance Corp SAB de C.V.		1,243,610
	112,320		Promotora y Operadora de Infraestructura SAB de C.V.		1,211,799
	2,520,884		Wal-Mart de Mexico SAB de C.V.		7,317,641
			TOTAL MEXICO		68,929,342
PAKISTAN - 0.0%
	221,358		Habib Bank Ltd		233,542
	191,300		MCB Bank Ltd		260,115
	519,317		Oil & Gas Development Co Ltd		462,438
			TOTAL PAKISTAN		956,095
PERU - 0.3%
	107,522		Cia de Minas Buenaventura S.A. (ADR) (Series B)		1,390,259
	33,110		Credicorp Ltd (NY)		6,839,864
	39,634		Southern Copper Corp (NY)		1,493,409
			TOTAL PERU		9,723,532
PHILIPPINES - 0.9%
	1,007,104		Aboitiz Equity Ventures, Inc		972,670
	750,800		Aboitiz Power Corp		477,836
	20,277	*,†	Altus San Nicolas Corp		2,072
	137,873		Ayala Corp		1,963,384
	3,530,493		Ayala Land, Inc		2,873,815
	941,976		Banco de Oro Universal Bank		2,735,602
	460,619		Bank of the Philippine Islands		747,611
	14,991		Globe Telecom, Inc		557,407
	44,386		GT Capital Holdings, Inc		589,427
	487,330		International Container Term Services, Inc		1,242,412
	1,338,946		JG Summit Holdings (Series B)		1,836,903
	227,840		Jollibee Foods Corp		854,894
	114,546		Manila Electric Co		576,899
	4,426,900		Megaworld Corp		351,731
	6,294,000		Metro Pacific Investments Corp		397,477
	906,890		Metropolitan Bank & Trust		1,023,217
	44,840		PLDT, Inc		872,334
	1,053,143		Robinsons Land Corp		528,333
	106,663		Security Bank Corp		369,998
	116,625		SM Investments Corp		2,218,094
	4,859,649		SM Prime Holdings		3,705,139
	439,087		Universal Robina		1,252,560
			TOTAL PHILIPPINES		26,149,815

291

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
POLAND - 0.8%
	242,521	*	Bank Millennium S.A.	$	371,662
	81,780		Bank Pekao S.A.		2,086,092
	16,590		Bank Zachodni WBK S.A.		1,226,304
	6,864	*	BRE Bank S.A.		657,603
	13,321		CCC S.A.		332,165
	31,841		CD Projekt Red S.A.		2,310,656
	121,882		Cyfrowy Polsat S.A.		854,314
	23,588	*,g	Dino Polska S.A.		987,480
	46,456		Grupa Lotos S.A.		921,941
	61,534	*	KGHM Polska Miedz S.A.		1,446,411
	586		LPP S.A.		1,277,000
	982,160		Polish Oil & Gas Co		911,615
	441,908	*	Polska Grupa Energetyczna S.A.		784,471
	143,507		Polski Koncern Naftowy Orlen S.A.		2,799,899
	419,683		Powszechna Kasa Oszczednosci Bank Polski S.A.		3,698,625
	289,132		Powszechny Zaklad Ubezpieczen S.A.		2,995,650
	333,889	*	Telekomunikacja Polska S.A.		602,425
			TOTAL POLAND		24,264,313
QATAR - 0.9%
	957,870		Barwa Real Estate Co		927,798
	948,910		Commercial Bank of Qatar QSC		1,243,567
	884,455		Industries Qatar QSC		2,419,437
	1,793,365		Masraf Al Rayan		2,024,283
	2,144,670		Mesaieed Petrochemical Holding Co		1,289,983
	412,631		Ooredoo QSC		785,631
	257,223		Qatar Electricity & Water Co		1,132,898
	239,020		Qatar Fuel QSC		1,445,543
	751,420		Qatar Insurance Co SAQ		654,216
	320,456	*	Qatar International Islamic Bank QSC		823,803
	537,772		Qatar Islamic Bank SAQ		2,466,573
	2,151,802		Qatar National Bank		12,033,478
			TOTAL QATAR		27,247,210
ROMANIA - 0.1%
	184,711		NEPI Rockcastle plc		1,509,867
			TOTAL ROMANIA		1,509,867
RUSSIA - 3.8%
	2,609,603		Gazprom (ADR)		18,241,125
	190,804		LUKOIL PJSC (ADR)		19,486,813
	150,105		Magnit OAO (GDR)		2,041,428
	31,218	*	Magnit PJSC (GDR)		424,565
	272,296		MMC Norilsk Nickel PJSC (ADR)		8,781,421
	37,829		MMC Norilsk Nickel PJSC (ADR)		1,220,363
	248,949		Mobile TeleSystems (ADR)		2,536,790
	38,648		NovaTek OAO (GDR)		6,956,640
	7,252		Novatek PJSC (GDR)		1,305,360
	68,387		Novolipetsk Steel PJSC (GDR)		1,479,895
	54,326		PhosAgro OAO (GDR)		689,397
	21,898	*	PhosAgro PJSC (GDR)		277,886

292

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	105,305		Polymetal International plc (ADR)	$	1,786,469
	23,352		Polyus PJSC (GDR)		1,426,807
	3,856	*	Polyus PJSC (GDR)		235,602
	633,657	*	Rosneft Oil Co PJSC (GDR)		4,748,626
	169,893		Sberbank of Russia (ADR)		2,708,434
	1,133,188		Sberbank of Russian Federation (ADR)		18,075,509
	23,922		Severstal (GDR)		337,300
	95,228		Severstal (GDR) (Equiduct)		1,338,975
	642,110		Surgutneftegaz (ADR)		4,565,402
	107,678		Tatneft PAO (ADR)		7,739,895
	21,972		Tatneft PJSC (ADR)		1,577,040
	785,086		VTB Bank PJSC (GDR) Equiduct		1,117,793
	126,377	*	VTB Bank PJSC (GDR) Tradegate		180,466
	58,933	*	X5 Retail Group NV (GDR)		2,164,609
			TOTAL RUSSIA		111,444,610
SAUDI ARABIA - 2.5%
	48,207		Advanced Petrochemical Co		616,717
	588,500		Al Rajhi Bank		10,387,771
	349,261		Alinma Bank		2,410,943
	120,965		Almarai Co JSC		1,531,407
	282,684	*	Arab National Bank		2,000,336
	170,600		Bank AlBilad		1,239,032
	179,429		Bank Al-Jazira		717,210
	260,885		Banque Saudi Fransi		2,569,751
	12,192		Bupa Arabia for Cooperative Insurance Co		333,723
	26,430	*	Co for Cooperative Insurance		527,467
	283,763	*	Dar Al Arkan Real Estate Development Co		741,821
	171,456	*	Emaar Economic City		456,657
	181,790	*	Etihad Etisalat Co		1,276,697
	26,024		Jarir Marketing Co		1,114,957
	569,989		National Commercial Bank		7,114,335
	147,972	*	National Industrialization Co		503,674
	121,808	*	Rabigh Refining & Petrochemical Co		647,311
	563,660		Riyad Bank		3,539,400
	187,564		Sahara International Petrochemical Co		861,175
	457,935		Samba Financial Group		3,684,016
	19,234		Saudi Airlines Catering Co		526,318
	82,096		Saudi Arabian Fertilizer Co		1,637,768
	199,367	*	Saudi Arabian Mining Co		2,279,543
	519,939	*,g	Saudi Arabian Oil Co		4,732,387
	364,882		Saudi Basic Industries Corp		8,509,375
	336,215		Saudi British Bank		2,863,025
	33,158		Saudi Cement Co		595,642
	398,073		Saudi Electricity Co		2,104,949
	103,754		Saudi Industrial Investment Group		650,880
	380,181	*	Saudi Kayan Petrochemical Co		1,003,595
	190,943		Saudi Telecom Co		4,627,660
	124,762	*	Savola Group		1,188,764
	108,297		Yanbu National Petrochemical Co		1,513,899
			TOTAL SAUDI ARABIA		74,508,205
SINGAPORE - 0.0%
	104,800	g	BOC Aviation Ltd		966,184
			TOTAL SINGAPORE		966,184

293

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
SOUTH AFRICA - 4.2%
	349,503		Absa Group Ltd	$	3,180,546
	25,687		Anglo American Platinum Ltd		2,052,940
	197,246		AngloGold Ashanti Ltd		4,024,039
	184,188	*	Aspen Pharmacare Holdings Ltd		1,417,783
	160,447		Bid Corp Ltd		3,551,888
	136,279		Bidvest Group Ltd		1,879,585
	21,107		Capitec Bank Holdings Ltd		1,893,140
	123,370		Clicks Group Ltd		1,990,486
	190,194		Discovery Holdings Ltd		1,482,420
	126,179		Exxaro Resources Ltd		1,023,741
	1,604,381		FirstRand Ltd		6,148,697
	543,321		Fortress REIT Ltd (Class A)		667,906
	115,489		Foschini Ltd		1,060,358
	402,124		Gold Fields Ltd		2,603,222
	1,491,635		Growthpoint Properties Ltd		2,096,051
	376,371	*	Impala Platinum Holdings Ltd		3,536,610
	131,605		Investec Ltd		729,420
	33,648		Kumba Iron Ore Ltd		778,029
	64,116		Liberty Holdings Ltd		451,121
	682,932		Life Healthcare Group Holdings Pte Ltd		1,139,396
	384,525		Momentum Metropolitan Holdings		512,153
	123,876		Mr Price Group Ltd		1,395,714
	813,539		MTN Group Ltd		4,355,189
	212,051	*	MultiChoice Group Ltd		1,508,524
	210,094		Naspers Ltd (N Shares)		34,076,513
	177,624		Nedbank Group Ltd		2,305,673
	161,863	*	Northam Platinum Ltd		1,355,536
	382,703	g	Pepkor Holdings Ltd		418,695
	161,976		Pick’n Pay Stores Ltd		700,959
	70,305		PSG Group Ltd		1,003,621
	364,853		Rand Merchant Investment Holdings Ltd		659,281
	2,708,927		Redefine Properties Ltd		1,297,744
	251,881		Remgro Ltd		3,043,469
	352,871		RMB Holdings Ltd		1,727,488
	898,482		Sanlam Ltd		4,399,484
	267,910		Sasol Ltd		4,256,035
	233,466		Shoprite Holdings Ltd		1,812,063
	1,071,316	*,e	Sibanye Gold Ltd		2,759,307
	88,900		Spar Group Ltd		1,135,617
	622,986		Standard Bank Group Ltd		6,498,218
	162,176		Telkom S.A. Ltd		345,861
	81,526		Tiger Brands Ltd		1,070,102
	303,587		Vodacom Group Pty Ltd		2,359,850
	479,445		Woolworths Holdings Ltd		1,405,142
			TOTAL SOUTH AFRICA		122,109,616
SPAIN - 0.0%
	39,440	*	AmRest Holdings SE		489,622
			TOTAL SPAIN		489,622

294

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
TAIWAN - 11.2%
	245,000		Accton Technology Corp	$	1,302,218
	1,366,380		Acer, Inc		755,651
	167,030		Advantech Co Ltd		1,593,162
	60,000		Airtac International Group		906,828
	1,649,011		ASE Industrial Holding Co Ltd		3,979,081
	1,040,512		Asia Cement Corp		1,547,686
	338,500		Asustek Computer, Inc		2,492,995
	4,100,000		AU Optronics Corp		1,360,124
	321,389		Catcher Technology Co Ltd		2,545,109
	3,783,604		Cathay Financial Holding Co Ltd		5,064,238
	564,272		Chailease Holding Co Ltd		2,339,932
	2,473,773		Chang Hwa Commercial Bank		1,752,228
	949,922		Cheng Shin Rubber Industry Co Ltd		1,230,079
	260,079		Chicony Electronics Co Ltd		732,307
	957,000		China Airlines		253,037
	6,002,754		China Development Financial Holding Corp		1,836,467
	1,188,133	*	China Life Insurance Co Ltd		964,750
	5,712,151		China Steel Corp		4,352,538
	8,901,282		Chinatrust Financial Holding Co		6,455,987
	1,853,763		Chunghwa Telecom Co Ltd		6,622,797
	2,030,000		Compal Electronics, Inc		1,222,388
	934,768		Delta Electronics, Inc		4,367,501
	4,943,848		E.Sun Financial Holding Co Ltd		4,567,185
	93,316		Eclat Textile Co Ltd		1,190,151
	859,554		Eva Airways Corp		345,594
	898,980	*	Evergreen Marine Corp Tawain Ltd		345,745
	1,583,071		Far Eastern Textile Co Ltd		1,467,581
	771,000		Far EasTone Telecommunications Co Ltd		1,746,397
	153,928		Feng TAY Enterprise Co Ltd		921,316
	4,638,112		First Financial Holding Co Ltd		3,609,524
	1,722,173		Formosa Chemicals & Fibre Corp		4,807,177
	647,064		Formosa Petrochemical Corp		1,913,413
	2,165,453		Formosa Plastics Corp		6,649,473
	449,000		Formosa Taffeta Co Ltd		499,530
	439,512		Foxconn Technology Co Ltd		872,293
	3,200,646		Fubon Financial Holding Co Ltd		4,746,456
	4,770,124		Fuhwa Financial Holdings Co Ltd		3,089,035
	138,000		Giant Manufacturing Co Ltd		812,624
	104,509		Globalwafers Co Ltd		1,348,076
	400,420		Highwealth Construction Corp		598,052
	120,795		Hiwin Technologies Corp		1,201,943
	5,973,002		Hon Hai Precision Industry Co, Ltd		16,240,628
	142,608		Hotai Motor Co Ltd		2,908,841
	3,680,706		Hua Nan Financial Holdings Co Ltd		2,623,191
	4,190,487		InnoLux Display Corp		1,204,712
	1,171,060		Inventec Co Ltd		881,601
	48,125		Largan Precision Co Ltd		7,475,137
	1,000,778		Lite-On Technology Corp		1,550,409
	721,170		MediaTek, Inc		9,124,516
	5,268,125		Mega Financial Holding Co Ltd		5,473,569
	336,000		Micro-Star International Co Ltd		1,020,793
	2,503,860		Nan Ya Plastics Corp		5,738,724
	593,000		Nanya Technology Corp		1,496,602
	73,000		Nien Made Enterprise Co Ltd		591,227

295

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	273,474		Novatek Microelectronics Corp Ltd	$	1,928,311
	948,000		Pegatron Technology Corp		1,965,541
	75,000		Phison Electronics Corp		782,116
	1,053,512		Pou Chen Corp		1,216,805
	366,000		Powertech Technology, Inc		1,296,735
	276,000		President Chain Store Corp		2,715,343
	1,285,000		Quanta Computer, Inc		2,608,993
	229,085		Realtek Semiconductor Corp		1,840,586
	284,048		Ruentex Development Co Ltd		396,799
	206,975		Ruentex Industries Ltd		462,707
	1,560,421		Shanghai Commercial & Savings Bank Ltd		2,557,873
	5,024,335		Shin Kong Financial Holding Co Ltd		1,624,965
	5,063,717		SinoPac Financial Holdings Co Ltd		2,147,613
	171,777		Standard Foods Corp		391,635
	581,050		Synnex Technology International Corp		717,060
	4,225,297		Taishin Financial Holdings Co Ltd		1,969,252
	2,482,953		Taiwan Business Bank		1,008,464
	2,354,827		Taiwan Cement Corp		3,258,530
	4,204,941		Taiwan Cooperative Financial Holding		2,882,577
	946,000		Taiwan High Speed Rail Corp		1,124,445
	779,859		Taiwan Mobile Co Ltd		2,762,253
	11,788,848		Taiwan Semiconductor Manufacturing Co Ltd		121,592,572
	879,000	*	Tatung Co Ltd		565,120
	2,343,908		Uni-President Enterprises Corp		5,584,288
	5,323,452		United Microelectronics Corp		2,598,668
	420,000		Vanguard International Semiconductor Corp		1,034,764
	149,000		Walsin Technology Corp		1,017,236
	163,878		Win Semiconductors Corp		1,485,604
	1,409,000		Winbond Electronics Corp		776,545
	1,315,560		Wistron Corp		1,172,430
	40,000		Wiwynn Corp		919,501
	630,660		WPG Holdings Co Ltd		790,631
	127,009		Yageo Corp		1,593,163
	258,127		Zhen Ding Technology Holding Ltd		998,341
			TOTAL TAIWAN		326,526,084
THAILAND - 2.3%
	593,700		Advanced Info Service PCL		3,859,863
	1,934,000		Airports of Thailand PCL		4,351,600
	341,700		B Grimm Power PCL		676,478
	235,548		Bangkok Bank PCL		1,087,288
	4,199,700		Bangkok Dusit Medical Services PCL		3,339,583
	3,279,100		Bangkok Expressway & Metro PCL		1,149,476
	2,166,600		Banpu PCL		698,693
	502,500		Berli Jucker PCL		656,468
	2,674,600		BTS Group Holdings PCL		1,072,586
	195,100		Bumrungrad Hospital PCL		834,188
	979,800		Central Pattana PCL		1,898,307
	1,710,380		Charoen Pokphand Foods PCL		1,636,276
	2,906,755		CP Seven Eleven PCL		6,560,387
	126,400		Electricity Generating PCL		1,230,098
	697,100		Energy Absolute PCL		960,643
	310,400		Global Power Synergy Co Ltd		831,958
	227,100		Gulf Energy Development PCL		1,395,098

296

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	2,368,326		Home Product Center PCL	$	1,104,588
	742,978		Indorama Ventures PCL		662,720
	989,200		Intouch Holdings PCL (Class F)		1,758,097
	8,616,500		IRPC PCL		786,770
	874,249		Kasikornbank PCL		3,940,075
	2,186,860		Krung Thai Bank PCL		1,125,229
	3,752,000		Land and Houses PCL Co Reg		1,112,302
	1,116,870		Minor International PCL		1,096,874
	211,600		Muangthai Capital PCL		437,785
	321,200		Osotspa PCL		452,987
	845,998		PTT Exploration & Production PCL		3,375,497
	1,191,229		PTT Global Chemical PCL		1,851,227
	6,025,700		PTT PCL		8,309,185
	305,200		Ratch Group PCL		664,493
	203,000		Robinson PCL		349,927
	391,858		Siam Cement PCL		4,475,912
	364,700		Siam Commercial Bank PCL		1,137,696
	294,900		Srisawad Corp PCL		702,688
	621,700		Thai Oil PCL		1,026,005
	1,393,400		Thai Union Group PCL		681,722
	7,335,631		TMB Bank PCL		329,992
	371,800		Total Access Communication PCL		527,059
	4,393,148		True Corp PCL		525,126
			TOTAL THAILAND		68,672,946
TURKEY - 0.5%
	1,364,893	*	Akbank TAS		1,883,578
	90,802		Anadolu Efes Biracilik Ve Malt Sanayii AS		375,157
	112,555	*	Arcelik AS		392,347
	143,019		Aselsan Elektronik Sanayi Ve Ticaret AS		559,640
	203,157		BIM Birlesik Magazalar AS		1,653,555
	681,750		Eregli Demir ve Celik Fabrikalari TAS		1,058,884
	34,477		Ford Otomotiv Sanayi AS		431,699
	466,615		Haci Omer Sabanci Holding AS		758,626
	353,348		KOC Holding AS		1,150,019
	84,018		TAV Havalimanlari Holding AS		382,198
	61,162		Tupras Turkiye Petrol Rafine		1,149,056
	285,468	*	Turk Hava Yollari		652,525
	502,616		Turkcell Iletisim Hizmet AS		1,182,462
	1,104,843	*	Turkiye Garanti Bankasi AS		2,192,526
	753,373	*	Turkiye Is Bankasi (Series C)		909,970
			TOTAL TURKEY		14,732,242
UNITED ARAB EMIRATES - 0.6%
	1,292,456		Abu Dhabi Commercial Bank PJSC		2,680,606
	1,907,605		Aldar Properties PJSC		1,152,278
	80,989		DP World Ltd		1,124,233
	761,612		Dubai Islamic Bank PJSC		1,181,329
	1,119,316		Emaar Malls Group PJSC		554,622
	1,656,277		Emaar Properties PJSC		1,807,309
	842,304		Emirates Telecommunications Group Co PJSC		3,733,330
	1,307,654		National Bank of Abu Dhabi PJSC		5,486,432
			TOTAL UNITED ARAB EMIRATES		17,720,139

297

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
UNITED KINGDOM - 0.1%
	2,367,155	e	Old Mutual Ltd	$	2,728,573
			TOTAL UNITED KINGDOM		2,728,573
UNITED STATES - 3.9%
	717,000		iShares MSCI Emerging Markets		30,192,870
	189,442		iShares MSCI South Korea Index Fund		10,921,332
	534,000		Nexteer Automotive Group Ltd		392,583
	17,821	*	Titan Cement International S.A.		369,989
	1,698,026		Vanguard Emerging Markets ETF		71,334,072
			TOTAL UNITED STATES		113,210,846
			TOTAL COMMON STOCKS		2,922,397,640
			(Cost $2,484,401,905)
PREFERRED STOCKS - 0.0%
PHILIPPINES - 0.0%
	307,700	*,†	Ayala Land, Inc		605
			TOTAL PHILIPPINES		605
			TOTAL PREFERRED STOCKS		605
			(Cost $725)
RIGHTS / WARRANTS - 0.0%
BRAZIL - 0.0%
	19,325		Centrais Eletricas Brasileiras S.A.		176,978
			TOTAL BRAZIL		176,978
CHINA - 0.0%
	12,923	†	Legend Holdings Corp		2,163
			TOTAL CHINA		2,163
KOREA, REPUBLIC OF - 0.0%
	6,988		HDC Hyundai Development Co-Engineering & Construction		14,735
			TOTAL KOREA, REPUBLIC OF		14,735
THAILAND - 0.0%
	267,460		BTS Group Holdings		0
			TOTAL THAILAND		0
			TOTAL RIGHTS / WARRANTS		193,876
			(Cost $170,104)
SHORT-TERM INVESTMENTS - 0.4%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.4%
	11,432,563	c	State Street Navigator Securities Lending Government Money Market Portfolio		11,432,563
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		11,432,563

298

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

		VALUE
	TOTAL SHORT-TERM INVESTMENTS	$	11,432,563
	(Cost $11,432,563)
	TOTAL INVESTMENTS - 100.3%		2,934,035,924
	(Cost $2,496,016,334)
	OTHER ASSETS & LIABILITIES, NET - (0.3)%		(8,560,701	)
	NET ASSETS - 100.0%	$	2,925,475,223
	Abbreviation(s):
	ADR   American Depositary Receipt
	ETF     Exchange Traded Fund
	GDR    Global Depositary Receipt
	INR     Indian Rupee
	REIT   Real Estate Investment Trust
*	Non-income producing
†	Security is categorized as Level 3 in the fair value hierarchy.
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $34,601,806.
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 1/31/20, the aggregate value of these securities is $62,028,632 or 2.1% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.

299

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2020

SECTOR	VALUE			% OF NET ASSETS
FINANCIALS	$	781,674,851			26.7	%
INFORMATION TECHNOLOGY		446,803,772			15.3
CONSUMER DISCRETIONARY		402,980,194			13.8
COMMUNICATION SERVICES		330,962,035			11.3
MATERIALS		201,121,345			6.9
ENERGY		194,882,564			6.7
CONSUMER STAPLES		179,776,396			6.1
INDUSTRIALS		150,680,673			5.1
HEALTH CARE		81,515,726			2.8
REAL ESTATE		79,071,993			2.7
UTILITIES		73,133,812			2.5
SHORT-TERM INVESTMENTS		11,432,563			0.4
OTHER ASSETS & LIABILITIES, NET		(8,560,701	)		(0.3	)
NET ASSETS	$	2,925,475,223			100.0	%

300

TIAA-CREF FUNDS - International Equity Index Fund

TIAA-CREF FUNDS

INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.5%
AUSTRALIA - 7.5%
	591,888		AGL Energy Ltd	$	7,855,071
	2,210,031		Alumina Ltd		3,182,973
	3,192,883		AMP Ltd		3,852,846
	1,072,494		APA Group		8,052,940
	533,910		Aristocrat Leisure Ltd		12,733,310
	2,107,920		AusNet Services		2,484,022
	2,619,174		Australia & New Zealand Banking Group Ltd		44,584,532
	169,545		Australian Stock Exchange Ltd		9,592,130
	989,098	*,†	AZ BGP Holdings		2,648
	452,833		Bendigo Bank Ltd		3,126,739
	2,736,746		BHP Billiton Ltd		70,180,833
	1,970,899		BHP Group plc		42,899,768
	473,297		BlueScope Steel Ltd		4,429,572
	1,072,781		Boral Ltd		3,535,402
	1,458,427		Brambles Ltd		12,181,403
	225,802		Caltex Australia Ltd		5,149,187
	505,314		Challenger Financial Services Group Ltd		2,991,664
	89,853		CIMIC Group Ltd		1,738,581
	523,763		Coca-Cola Amatil Ltd		4,161,776
	57,040		Cochlear Ltd		9,084,544
	1,085,809		Coles Group Ltd		11,914,621
	1,643,661		Commonwealth Bank of Australia		93,059,962
	434,474		Computershare Ltd		5,130,291
	375,843		Crown Resorts Ltd		2,921,683
	427,091		CSL Ltd		87,839,208
	1,036,704		Dexus Property Group		8,747,849
	53,551		Flight Centre Travel Group Ltd		1,394,770
	1,295,204		Fortescue Metals Group Ltd		9,594,644
	1,796,927		GPT Group		7,169,906
	465,431	e	Harvey Norman Holdings Ltd		1,306,125
	1,448,687		Incitec Pivot Ltd		3,145,458
	2,090,636		Insurance Australia Group Ltd		9,830,372
	513,973		Lend Lease Corp Ltd		6,172,949
	1,531,637		Macquarie Goodman Group		15,163,064
	296,524		Macquarie Group Ltd		28,332,952
	117,602		Magellan Financial Group Ltd		5,179,108
	2,825,466		Medibank Pvt Ltd		5,805,572
	3,634,693		Mirvac Group		8,199,726
	2,653,651		National Australia Bank Ltd		45,329,971
	713,146		Newcrest Mining Ltd		14,277,204
	1,250,112		Oil Search Ltd		5,975,107
	338,717		Orica Ltd		5,117,419
	1,616,487		Origin Energy Ltd		8,744,661
	655,878		Qantas Airways Ltd		2,780,787
	1,197,015		QBE Insurance Group Ltd		10,896,575

301

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	2,022,126		QR National Ltd	$	7,248,319
	164,077		Ramsay Health Care Ltd		8,630,839
	56,269		REA Group Ltd		4,257,586
	342,238		Rio Tinto Ltd		22,207,251
	1,050,681		Rio Tinto plc		56,184,338
	1,630,752		Santos Ltd		9,359,565
	5,132,469		Scentre Group		13,169,045
	298,709		Seek Ltd		4,478,361
	453,456		Sonic Healthcare Ltd		9,504,765
	4,703,175		South32 Ltd		8,070,159
	2,252,724		Stockland Trust Group		7,364,742
	1,133,626		Suncorp-Metway Ltd		9,684,186
	1,133,815		Sydney Airport		6,306,402
	1,777,842		Tabcorp Holdings Ltd		5,533,950
	4,042,498		Telstra Corp Ltd		10,308,166
	378,090		TPG Telecom Ltd		1,879,669
	2,599,372		Transurban Group		27,095,255
	656,920		Treasury Wine Estates Ltd		5,642,651
	3,092,007		Vicinity Centres		5,218,971
	110,235		Washington H Soul Pattinson & Co Ltd		1,570,510
	1,083,042		Wesfarmers Ltd		32,493,434
	3,263,536		Westpac Banking Corp		54,538,344
	134,906	e	Wisetech Global Ltd		2,204,481
	862,561		Woodside Petroleum Ltd		19,761,735
	1,200,237		Woolworths Ltd		33,335,183
	332,435		WorleyParsons Ltd		3,322,892
			TOTAL AUSTRALIA		1,025,220,724
AUSTRIA - 0.2%
	66,581		Andritz AG.		2,619,698
	277,249		Erste Bank der Oesterreichischen Sparkassen AG.		10,179,848
	65,106		Oest Elektrizitatswirts AG. (Class A)		3,445,660
	134,190		OMV AG.		6,668,446
	141,019		Raiffeisen International Bank Holding AG.		3,212,275
	109,018		Voestalpine AG.		2,639,960
			TOTAL AUSTRIA		28,765,887
BELGIUM - 1.0%
	162,467		Ageas		8,958,679
	712,404		Anheuser-Busch InBev S.A.		53,743,754
	1,297,200	*,g	Budweiser Brewing Co APAC Ltd		3,922,544
	53,222		Colruyt S.A.		2,665,016
	40,539	*	Galapagos NV		9,086,367
	72,552		Groupe Bruxelles Lambert S.A.		7,291,015
	229,449		KBC Groep NV		16,835,893
	148,191		Proximus plc		4,222,272
	70,096		Solvay S.A.		7,264,769
	51,120		Telenet Group Holding NV		2,376,884
	116,491		UCB S.A.		10,719,755
	184,615		Umicore S.A.		8,500,292
			TOTAL BELGIUM		135,587,240
CHILE - 0.0%
	388,258		Antofagasta plc		4,193,872
			TOTAL CHILE		4,193,872

302

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
CHINA - 0.1%
	36,300	*	BeiGene Ltd (ADR)	$	5,530,668
	2,140,838		Yangzijiang Shipbuilding		1,469,532
			TOTAL CHINA		7,000,200
DENMARK - 1.9%
	3,601		AP Moller - Maersk AS (Class A)		4,046,509
	6,164		AP Moller - Maersk AS (Class B)		7,370,688
	95,127		Carlsberg AS (Class B)		13,891,750
	95,470		Christian Hansen Holding		7,105,139
	115,971		Coloplast AS		14,621,765
	611,651		Danske Bank AS		10,210,460
	199,477		DSV AS		21,656,969
	62,927	*	Genmab AS		14,485,183
	63,037		H Lundbeck AS		2,678,591
	142,722		ISS AS		3,467,489
	1,639,366		Novo Nordisk AS		99,790,916
	194,592		Novozymes AS		10,145,793
	180,268	g	Orsted AS		19,662,142
	95,012		Pandora AS		4,926,935
	108,303		Tryg A.S.		3,281,565
	176,618		Vestas Wind Systems AS		17,532,415
	99,225	*,e	William Demant Holding A.S.		3,217,657
			TOTAL DENMARK		258,091,966
FINLAND - 1.1%
	136,638		Elisa Oyj (Series A)		8,231,833
	404,579		Fortum Oyj		9,790,768
	328,348		Kone Oyj (Class B)		21,215,623
	101,886		Metso Oyj		3,615,412
	395,488		Neste Oil Oyj		15,737,534
	5,268,151		Nokia Oyj (Turquoise)		20,507,340
	115,350		Nokian Renkaat Oyj		3,109,951
	3,040,658		Nordea Bank Abp		23,985,798
	104,801		Orion Oyj (Class B)		4,951,533
	405,876		Sampo Oyj (A Shares)		18,372,853
	551,853		Stora Enso Oyj (R Shares)		7,163,326
	495,548		UPM-Kymmene Oyj		15,613,932
	410,530		Wartsila Oyj (B Shares)		5,042,426
			TOTAL FINLAND		157,338,329
FRANCE - 10.8%
	158,459		Accor S.A.		6,487,346
	27,485		Aeroports de Paris		5,200,170
	432,248		Air Liquide		62,498,496
	545,648		Airbus SE		80,136,008
	191,304		Alstom RGPT		10,139,159
	56,371	g	Amundi S.A.		4,562,695
	68,395		Arkema		6,266,980
	91,782		Atos Origin S.A.		7,611,341
	1,814,751		AXA S.A.		48,257,055
	44,226		BioMerieux		4,383,341

303

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	1,064,505		BNP Paribas S.A.	$	56,490,643
	797,780		Bollore		3,241,609
	204,162		Bouygues S.A.		8,066,375
	264,047		Bureau Veritas S.A.		7,275,759
	147,918		Cap Gemini S.A.		18,370,033
	551,649		Carrefour S.A.		9,334,832
	54,142	e	Casino Guichard Perrachon S.A.		2,201,292
	178,322		CNP Assurances		3,209,846
	464,915		Compagnie de Saint-Gobain		17,540,476
	1,129,330		Credit Agricole S.A.		15,257,406
	563,452		Danone		45,089,925
	2,308		Dassault Aviation S.A.		2,810,535
	120,733		Dassault Systemes S.A.		20,900,544
	222,079		Edenred		11,992,609
	71,447		Eiffage S.A.		8,281,690
	555,945		Electricite de France		6,863,291
	259,945		Essilor International S.A.		38,487,066
	38,059		Eurazeo		2,723,818
	160,995	e	Eutelsat Communications		2,413,016
	78,849		Faurecia		3,756,884
	50,562		Fonciere Des Regions		5,999,900
	1,668,095		Gaz de France		28,713,429
	40,504		Gecina S.A.		7,654,528
	450,817		Groupe Eurotunnel S.A.		7,952,987
	28,854		Hermes International		21,546,040
	26,522		Icade		2,964,952
	25,796	e	Iliad S.A.		3,385,495
	55,357		Ingenico		6,437,635
	35,302		Ipsen		2,619,762
	76,585		JC Decaux S.A.		2,046,919
	70,771		Kering		43,242,535
	178,291		Klepierre		6,060,444
	242,479		Legrand S.A.		19,401,148
	238,693		L’Oreal S.A.		66,391,420
	259,113		LVMH Moet Hennessy Louis Vuitton S.A.		112,836,491
	158,908		Michelin (C.G.D.E.) (Class B)		18,437,011
	968,437		Natixis		4,089,594
	1,913,928		Orange S. A.		27,055,223
	202,513		Pernod-Ricard S.A.		35,062,462
	565,735		Peugeot S.A.		11,648,624
	199,276		Publicis Groupe S.A.		8,833,735
	25,805	e	Remy Cointreau S.A.		2,717,613
	187,026		Renault S.A.		7,315,191
	304,875		Safran S.A.		49,157,158
	1,047,408		Sanofi-Aventis		101,010,263
	25,138		Sartorius Stedim Biotech		4,507,839
	516,758		Schneider Electric S.A.		51,534,452
	144,829		SCOR SE		6,155,650
	20,474		SEB S.A.		2,628,801
	771,952		Societe Generale		24,980,103
	79,132	e	Sodexho Alliance S.A.		8,285,499
	297,948		Suez Environnement S.A.		4,889,576
	53,205		Teleperformance		13,349,005
	97,511		Thales S.A.		10,699,991

304

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	2,252,223		Total S.A.	$	109,662,303
	77,317	*	Ubisoft Entertainment		5,863,838
	113,135		Unibail-Rodamco-Westfield		15,382,906
	12,983		Unibail-Rodamco-Westfield		1,765,292
	230,804		Valeo S.A.		6,855,142
	480,441		Veolia Environnement		14,173,190
	469,011		Vinci S.A.		51,961,282
	778,986		Vivendi Universal S.A.		21,304,694
	24,007		Wendel		3,202,900
	92,537	*,g	Worldline S.A.		6,520,697
			TOTAL FRANCE		1,486,153,959
GERMANY - 8.5%
	170,434		Adidas-Salomon AG.		53,876,578
	394,183		Allianz AG.		94,108,599
	904,139		Aroundtown S.A.		8,559,319
	856,202		BASF SE		57,790,778
	871,554		Bayer AG.		69,946,991
	306,271		Bayerische Motoren Werke AG.		21,816,125
	52,475		Bayerische Motoren Werke AG. (Preference)		2,925,014
	94,647		Beiersdorf AG.		10,748,745
	141,366		Brenntag AG.		7,315,699
	38,589		Carl Zeiss Meditec AG.		4,711,328
	1,003,008		Commerzbank AG.		5,755,736
	102,593		Continental AG.		11,707,621
	165,244	g	Covestro AG.		6,963,841
	858,379		Daimler AG. (Registered)		39,748,972
	103,193	*,g	Delivery Hero AG.		7,940,029
	489,780		Deutsche Annington Immobilien SE		27,954,732
	1,859,863	e	Deutsche Bank AG. (Registered)		17,015,783
	181,847		Deutsche Boerse AG.		29,518,036
	224,607		Deutsche Lufthansa AG.		3,421,582
	907,238		Deutsche Post AG.		31,653,408
	3,158,957		Deutsche Telekom AG.		51,161,823
	343,254		Deutsche Wohnen AG.		14,523,143
	2,131,490		E.ON AG.		24,151,866
	192,462		Evonik Industries AG.		5,274,184
	34,500		Fraport AG. Frankfurt Airport Services Worldwide		2,566,005
	196,310		Fresenius Medical Care AG.		15,093,284
	384,872		Fresenius SE		19,651,688
	63,584		Fuchs Petrolub AG. (Preference)		2,817,956
	142,718		GEA Group AG.		4,273,365
	53,469		Hannover Rueckversicherung AG.		10,381,883
	136,153		HeidelbergCement AG.		9,182,314
	104,510		Henkel KGaA		9,629,088
	173,281		Henkel KGaA (Preference)		17,623,099
	23,209		Hochtief AG.		2,684,473
	1,171,328		Infineon Technologies AG.		25,163,572
	63,112		KION Group AG.		3,950,296
	44,206		Knorr-Bremse AG.		4,829,615
	78,607		Lanxess AG.		4,714,308
	126,113		Merck KGaA		16,171,400
	176,183		Metro Wholesale & Food Specialist AG.		2,451,408
	47,905		MTU Aero Engines Holding AG.		14,508,742

305

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	131,643		Muenchener Rueckver AG.	$	38,813,644
	143,638		Porsche AG.		9,685,638
	80,440		Puma AG. Rudolf Dassler Sport		6,441,053
	529,967		RWE AG.		18,372,457
	914,769		SAP AG.		119,131,399
	32,418		Sartorius AG.		7,544,115
	710,709	*	Siemens AG.		87,657,496
	152,917	g	Siemens Healthineers AG.		7,186,373
	127,007		Symrise AG.		13,050,593
	835,818		Telefonica Deutschland Holding AG.		2,533,391
	376,813		ThyssenKrupp AG.		4,633,310
	399,651		TUI AG.		4,094,615
	185,472		Uniper SE		6,076,181
	114,376		United Internet AG.		3,697,614
	30,659		Volkswagen AG.		5,613,773
	174,186		Volkswagen AG. (Preference)		31,251,176
	108,980	e	Wirecard AG.		16,099,114
	128,051	*,g	Zalando SE		6,131,071
			TOTAL GERMANY		1,162,295,441
HONG KONG - 2.9%
	11,301,738		AIA Group Ltd		111,988,306
	277,812		ASM Pacific Technology		3,743,448
	1,150,221		Bank of East Asia Ltd		2,480,993
	3,424,044		BOC Hong Kong Holdings Ltd		11,318,461
	2,397,803		CK Asset Holdings Ltd		15,319,450
	558,369		CK Infrastructure Holdings Ltd		3,895,633
	1,600,959		CLP Holdings Ltd		16,649,240
	372,615		Dairy Farm International Holdings Ltd		1,918,967
	1,885,971		Hang Lung Properties Ltd		3,939,654
	692,468		Hang Seng Bank Ltd		13,997,082
	1,285,108		Henderson Land Development Co Ltd		5,769,688
	3,030,627		HK Electric Investments & HK Electric Investments Ltd		3,028,051
	3,742,931		HKT Trust and HKT Ltd		5,587,187
	9,850,995		Hong Kong & China Gas Ltd		18,851,635
	1,379,985		Hong Kong Electric Holdings Ltd		9,962,682
	1,100,501		Hong Kong Exchanges and Clearing Ltd		36,159,635
	1,063,555		Hongkong Land Holdings Ltd		5,645,302
	200,361		Jardine Matheson Holdings Ltd		11,168,510
	204,150		Jardine Strategic Holdings Ltd		6,247,042
	681,448		Kerry Properties Ltd		1,900,769
	2,019,107		Link REIT		20,418,241
	204,245		Melco Crown Entertainment Ltd (ADR)		4,119,622
	1,375,897		MTR Corp		7,716,938
	5,772,049		New World Development Co Ltd		7,210,053
	1,441,078		NWS Holdings Ltd		1,851,716
	5,127,780		PCCW Ltd		3,020,125
	2,794,781		Sino Land Co		3,808,832
	2,039,375		SJM Holdings Ltd		2,273,692
	1,469,519		Sun Hung Kai Properties Ltd		20,470,918
	443,446		Swire Pacific Ltd (Class A)		3,893,799
	1,056,054		Swire Properties Ltd		3,278,420
	1,273,931		Techtronic Industries Co		10,164,816
	662,000	e	Vitasoy International Holdings Ltd		2,386,166

306

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	8,937,186	g	WH Group Ltd	$	8,410,798
	1,124,914		Wharf Real Estate Investment Co Ltd		5,809,335
	752,194		Wheelock & Co Ltd		4,578,728
	740,957		Yue Yuen Industrial Holdings		2,060,235
			TOTAL HONG KONG		401,044,169
IRELAND - 0.6%
	115,398	*	AerCap Holdings NV		6,532,681
	776,355		AIB Group plc		2,276,151
	923,492		Bank of Ireland Group plc		4,497,614
	745,323		CRH plc		27,984,498
	67,097	*,†	Irish Bank Resolution Corp Ltd		0
	152,630		Kerry Group plc (Class A)		19,517,318
	138,597		Kingspan Group plc		8,554,014
	72,028	e	Paddy Power plc		8,170,585
	209,698		Smurfit Kappa Group plc		7,251,769
			TOTAL IRELAND		84,784,630
ISRAEL - 0.6%
	39,693		Azrieli Group		2,925,251
	1,045,990		Bank Hapoalim Ltd		8,980,489
	1,348,533		Bank Leumi Le-Israel		9,695,857
	119,192	*	Check Point Software Technologies		13,624,837
	24,756		Elbit Systems Ltd		3,780,302
	644,403		Israel Chemicals Ltd		2,706,734
	1,059,823		Israel Discount Bank Ltd		4,806,966
	118,986		Mizrahi Tefahot Bank Ltd		3,238,981
	60,095	*	Nice Systems Ltd		10,358,191
	1,028,870	*	Teva Pharmaceutical Industries Ltd (ADR)		10,700,248
	44,095	*	Wix.com Ltd		6,291,916
			TOTAL ISRAEL		77,109,772
ITALY - 2.1%
	1,001,683		Assicurazioni Generali S.p.A.		19,518,459
	456,343		Autostrade S.p.A.		11,197,805
	13,804,719		Banca Intesa S.p.A.		34,284,220
	573,161		Davide Campari-Milano S.p.A		5,540,161
	7,683,978		Enel S.p.A.		66,975,965
	2,338,046		ENI S.p.A.		32,750,357
	110,121		Ferrari NV		18,583,107
	557,466		FinecoBank Banca Fineco S.p.A		6,522,681
	374,431		Finmeccanica S.p.A.		4,600,252
	572,147		Mediobanca S.p.A.		5,707,506
	165,389		Moncler S.p.A		7,118,721
	361,672	g	Pirelli & C S.p.A		1,751,619
	481,498	g	Poste Italiane S.p.A		5,515,578
	222,222		Prysmian S.p.A.		4,929,347
	106,410		Recordati S.p.A.		4,553,349
	2,021,876		Snam Rete Gas S.p.A.		10,836,569
	5,352,336		Telecom Italia RSP		2,814,082
	8,090,380	*,e	Telecom Italia S.p.A.		4,343,759
	1,361,668		Terna Rete Elettrica Nazionale S.p.A.		9,499,383
	1,923,575		UniCredit S.p.A.		25,693,769
			TOTAL ITALY		282,736,689

307

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
JAPAN - 24.0%
	35,783	e	ABC-Mart, Inc	$	2,295,684
	341,074		Acom Co Ltd		1,597,629
	186,500		Advantest Corp		9,729,847
	596,945	e	Aeon Co Ltd		12,209,599
	107,273	e	AEON Financial Service Co Ltd		1,675,878
	94,314	e	Aeon Mall Co Ltd		1,567,149
	169,873		Air Water, Inc		2,333,225
	156,921		Aisin Seiki Co Ltd		5,223,903
	434,788		Ajinomoto Co, Inc		7,160,894
	173,161		Alfresa Holdings Corp		3,479,186
	97,180		All Nippon Airways Co Ltd		3,035,339
	197,780		Alps Electric Co Ltd		3,550,712
	315,796		Amada Co Ltd		3,288,967
	104,088		Aozora Bank Ltd		2,804,739
	331,821		Asahi Breweries Ltd		15,382,560
	172,473		Asahi Glass Co Ltd		5,813,777
	189,200		Asahi Intecc Co Ltd		5,212,961
	1,183,865		Asahi Kasei Corp		12,108,982
	871,499		Ashikaga Holdings Co Ltd		1,931,311
	1,747,261		Astellas Pharma, Inc		30,874,312
	56,399		Bank of Kyoto Ltd		2,254,027
	62,434		Benesse Holdings, Inc		1,715,053
	1,771		BLife Investment Corp		4,725,081
	519,112		Bridgestone Corp		18,386,435
	208,261		Brother Industries Ltd		4,022,010
	83,689		Calbee, Inc		2,736,674
	914,277	*	Canon, Inc		23,976,275
	177,043	*	Casio Computer Co Ltd		3,281,559
	131,471		Central Japan Railway Co		25,805,334
	40,816		Century Leasing System, Inc		2,076,289
	518,643		Chiba Bank Ltd		2,812,381
	644,972		Chubu Electric Power Co, Inc		8,759,162
	216,448		Chugai Pharmaceutical Co Ltd		22,170,486
	305,503		Chugoku Electric Power Co, Inc		4,032,090
	111,964	e	Coca-Cola West Japan Co Ltd		2,946,992
	1,058,423		Concordia Financial Group Ltd		3,989,811
	147,821		Credit Saison Co Ltd		2,371,195
	94,300		CyberAgent, Inc		3,757,784
	219,433		Dai Nippon Printing Co Ltd		6,050,764
	232,131		Daicel Chemical Industries Ltd		2,197,421
	96,989		Daifuku Co Ltd		5,839,793
	1,033,546		Dai-ichi Mutual Life Insurance Co		15,339,049
	527,230		Daiichi Sankyo Co Ltd		35,628,671
	231,280		Daikin Industries Ltd		32,589,051
	66,159		Daito Trust Construction Co Ltd		7,793,302
	521,694		Daiwa House Industry Co Ltd		16,424,181
	1,398,872		Daiwa Securities Group, Inc		7,074,475
	402,353		Denso Corp		16,505,387
	199,247		Dentsu, Inc		6,602,850
	25,285		Disco Corp		5,824,226
	422,972		Don Quijote Co Ltd		6,825,401
	275,681		East Japan Railway Co		24,274,132

308

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	235,696		Eisai Co Ltd	$	17,762,436
	133,049		Electric Power Development Co		3,000,424
	229,144	e	FamilyMart Co Ltd		5,011,422
	181,629		Fanuc Ltd		33,080,067
	55,360		Fast Retailing Co Ltd		29,776,815
	120,199		Fuji Electric Holdings Co Ltd		3,519,666
	567,396		Fuji Heavy Industries Ltd		14,191,990
	329,686		Fujifilm Holdings Corp		16,373,683
	180,012		Fujitsu Ltd		19,033,151
	177,093		Fukuoka Financial Group, Inc		3,068,907
	37,300		GMO Payment Gateway, Inc		2,398,514
	209,481		Hakuhodo DY Holdings, Inc		2,968,143
	125,966		Hamamatsu Photonics KK		5,326,001
	204,437		Hankyu Hanshin Holdings, Inc		8,294,441
	21,483		Hikari Tsushin, Inc		5,280,604
	266,437		Hino Motors Ltd		2,494,902
	29,767		Hirose Electric Co Ltd		3,691,976
	47,345	e	Hisamitsu Pharmaceutical Co, Inc		2,394,224
	95,282		Hitachi Chemical Co Ltd		3,988,810
	109,937	*	Hitachi Construction Machinery Co Ltd		2,946,086
	64,896		Hitachi High-Technologies Corp		4,640,060
	904,255	*	Hitachi Ltd		34,440,803
	195,346		Hitachi Metals Ltd		3,002,353
	1,542,825		Honda Motor Co Ltd		39,458,340
	54,392		Hoshizaki Electric Co Ltd		5,003,623
	356,596	*	Hoya Corp		34,128,168
	279,355		Hulic Co Ltd		3,387,070
	186,792		Idemitsu Kosan Co Ltd		4,662,004
	131,563		Iida Group Holdings Co Ltd		2,217,338
	971,517		Inpex Holdings, Inc		9,068,303
	306,451		Isetan Mitsukoshi Holdings Ltd		2,392,487
	138,138		Ishikawajima-Harima Heavy Industries Co Ltd		3,271,594
	522,364		Isuzu Motors Ltd		5,117,834
	1,233,932		Itochu Corp		28,825,845
	111,200		Itochu Techno-Science Corp		3,274,704
	211,740		J Front Retailing Co Ltd		2,548,685
	103,757		Japan Airlines Co Ltd		2,918,730
	46,245		Japan Airport Terminal Co Ltd		2,131,392
	394,332	e	Japan Post Bank Co Ltd		3,649,901
	1,440,264		Japan Post Holdings Co Ltd		13,101,604
	210,300	*	Japan Post Insurance Co Ltd		3,548,506
	743		Japan Prime Realty Investment Corp		3,437,378
	1,219		Japan Real Estate Investment Corp		8,901,528
	2,442		Japan Retail Fund Investment Corp		5,225,407
	1,090,070		Japan Tobacco, Inc		23,048,938
	476,507		JFE Holdings, Inc		5,642,739
	210,307		JGC Corp		3,021,295
	182,798		JSR Corp		3,255,819
	227,232		JTEKT Corp		2,409,563
	3,000,000		JX Holdings, Inc		12,759,528
	420,410		Kajima Corp		5,333,479
	132,745		Kakaku.com, Inc		3,467,883
	91,755		Kamigumi Co Ltd		1,960,585
	649,248		Kansai Electric Power Co, Inc		7,286,396

309

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	167,283		Kansai Paint Co Ltd	$	4,004,405
	458,210		Kao Corp		36,545,520
	142,100		Kawasaki Heavy Industries Ltd		2,801,466
	1,618,632		KDDI Corp		48,913,526
	102,838		Keihan Electric Railway Co Ltd		4,650,439
	203,134		Keihin Electric Express Railway Co Ltd		3,739,276
	105,246		Keio Corp		6,020,067
	137,616		Keisei Electric Railway Co Ltd		4,978,538
	170,022		Keyence Corp		57,154,063
	132,560		Kikkoman Corp		6,423,541
	173,362		Kintetsu Corp		9,136,742
	757,878		Kirin Brewery Co Ltd		16,644,904
	45,064		Kobayashi Pharmaceutical Co Ltd		3,628,501
	99,597	*	Koito Manufacturing Co Ltd		4,322,152
	881,134		Komatsu Ltd		19,482,770
	88,756		Konami Corp		3,437,292
	431,384		Konica Minolta Holdings, Inc		2,633,218
	30,663		Kose Corp		3,948,200
	972,275		Kubota Corp		15,225,423
	294,056		Kuraray Co Ltd		3,534,695
	90,286		Kurita Water Industries Ltd		2,640,270
	295,350		Kyocera Corp		19,406,364
	255,094		Kyowa Hakko Kogyo Co Ltd		5,997,068
	406,233		Kyushu Electric Power Co, Inc		3,345,244
	170,521		Kyushu Railway Co		5,579,333
	53,858	e	Lawson, Inc		3,117,205
	54,326	*	LINE Corp		2,676,962
	219,909		Lion Corp		4,177,542
	247,846		LIXIL Group Corp		4,121,037
	403,862	*	M3, Inc		11,754,508
	205,846		Makita Corp		7,873,512
	1,467,119		Marubeni Corp		10,542,148
	170,142		Marui Co Ltd		3,935,029
	48,180		Maruichi Steel Tube Ltd		1,336,859
	537,157		Mazda Motor Corp		4,508,785
	72,611		McDonald’s Holdings Co Japan Ltd		3,451,307
	163,248		Mediceo Paltac Holdings Co Ltd		3,459,222
	101,977		MEIJI Holdings Co Ltd		7,176,509
	70,800	*,e	Mercari, Inc		1,232,994
	343,872		Minebea Co Ltd		6,680,056
	262,606		MISUMI Group, Inc		6,516,123
	1,231,995		Mitsubishi Chemical Holdings Corp		8,903,592
	1,251,755		Mitsubishi Corp		32,089,512
	1,721,311		Mitsubishi Electric Corp		23,866,230
	1,081,800		Mitsubishi Estate Co Ltd		21,186,470
	161,704		Mitsubishi Gas Chemical Co, Inc		2,448,189
	292,048		Mitsubishi Heavy Industries Ltd		10,653,143
	99,817		Mitsubishi Materials Corp		2,510,466
	648,578		Mitsubishi Motors Corp		2,416,428
	11,553,892		Mitsubishi UFJ Financial Group, Inc		59,324,806
	384,437		Mitsubishi UFJ Lease & Finance Co Ltd		2,407,960
	1,547,677		Mitsui & Co Ltd		27,526,379
	178,510		Mitsui Chemicals, Inc		3,920,300
	818,396		Mitsui Fudosan Co Ltd		21,675,628

310

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	112,221		Mitsui OSK Lines Ltd	$	2,698,338
	435,309		Mitsui Sumitomo Insurance Group Holdings, Inc		14,457,773
	305,609		Mitsui Trust Holdings, Inc		11,267,779
	22,135,226		Mizuho Financial Group, Inc		32,825,000
	114,400		MonotaRO Co Ltd		2,744,196
	537,338		Murata Manufacturing Co Ltd		30,421,281
	112,377		Nabtesco Corp		3,220,132
	167,921		Nagoya Railroad Co Ltd		4,926,510
	192,898		Namco Bandai Holdings, Inc		11,209,006
	223,725		NEC Corp		9,958,748
	449,789	*	Nexon Co Ltd		6,091,462
	240,238		NGK Insulators Ltd		4,027,993
	154,375		NGK Spark Plug Co Ltd		2,712,583
	208,291		Nidec Corp		26,196,904
	293,326		Nikon Corp		3,541,907
	104,178		Nintendo Co Ltd		38,322,461
	1,241		Nippon Building Fund, Inc		10,052,971
	71,390		Nippon Express Co Ltd		3,720,064
	74,905		Nippon Meat Packers, Inc		3,288,112
	132,439		Nippon Paint Co Ltd		6,330,745
	1,867		Nippon ProLogis REIT, Inc		5,367,149
	46,300	*	Nippon Shinyaku Co Ltd		4,104,884
	759,346		Nippon Steel Corp		10,536,287
	1,177,626		Nippon Telegraph & Telephone Corp		30,025,971
	152,790		Nippon Yusen Kabushiki Kaisha		2,433,016
	115,074		Nissan Chemical Industries Ltd		4,755,307
	2,173,788		Nissan Motor Co Ltd		11,795,615
	179,510		Nisshin Seifun Group, Inc		3,065,125
	68,460		Nissin Food Products Co Ltd		5,138,514
	78,171		Nitori Co Ltd		12,147,848
	148,057		Nitto Denko Corp		8,230,206
	314,075		NKSJ Holdings, Inc		11,735,035
	3,106,752		Nomura Holdings, Inc		15,904,716
	114,474		Nomura Real Estate Holdings, Inc		2,819,036
	3,786		Nomura Real Estate Master Fund, Inc		6,666,686
	309,373		Nomura Research Institute Ltd		6,807,965
	363,927		NSK Ltd		3,035,586
	573,308		NTT Data Corp		8,053,377
	1,211,397		NTT DoCoMo, Inc		34,418,676
	591,482		Obayashi Corp		6,486,767
	64,786		Obic Co Ltd		8,827,839
	303,560		Odakyu Electric Railway Co Ltd		6,733,397
	801,343		OJI Paper Co Ltd		4,071,300
	1,108,168		Olympus Corp		17,904,935
	179,099		Omron Corp		10,256,085
	346,680		Ono Pharmaceutical Co Ltd		7,982,939
	43,789	*	Oracle Corp Japan		3,790,270
	191,380		Oriental Land Co Ltd		24,924,369
	1,230,030		ORIX Corp		20,778,235
	2,408	*	Orix JREIT, Inc		5,087,693
	341,395		Osaka Gas Co Ltd		5,777,039
	465,963		Osaka Securities Exchange Co Ltd		8,350,720
	98,573		Otsuka Corp		3,843,840
	359,885		Otsuka Holdings KK		15,988,032

311

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	2,063,698		Panasonic Corp	$	20,509,062
	106,334		Park24 Co Ltd		2,670,333
	85,600	*	PeptiDream, Inc		4,052,101
	107,500		Pigeon Corp		3,793,903
	78,156		Pola Orbis Holdings, Inc		1,693,229
	792,597	*	Rakuten, Inc		6,114,451
	1,268,673		Recruit Holdings Co Ltd		49,448,147
	724,099	*	Renesas Electronics Corp		4,555,540
	1,955,134		Resona Holdings, Inc		8,062,673
	613,180		Ricoh Co Ltd		6,957,411
	28,218		Rinnai Corp		2,011,434
	86,914		Rohm Co Ltd		6,252,198
	219,790		Ryohin Keikaku Co Ltd		3,674,582
	37,853		Sankyo Co Ltd		1,271,716
	325,843		Santen Pharmaceutical Co Ltd		6,077,155
	221,118	*	SBI Holdings, Inc		5,125,650
	203,965		Secom Co Ltd		17,898,462
	159,383		Sega Sammy Holdings, Inc		2,170,354
	179,675		Seibu Holdings, Inc		2,800,694
	254,857		Seiko Epson Corp		3,726,560
	330,387		Sekisui Chemical Co Ltd		5,502,736
	572,872	e	Sekisui House Ltd		12,317,980
	686,888		Seven & I Holdings Co Ltd		26,337,561
	568,376		Seven Bank Ltd		1,699,760
	129,402		SG Holdings Co Ltd		2,735,992
	206,815		Sharp Corp		2,805,476
	202,465		Shimadzu Corp		5,682,168
	18,878		Shimamura Co Ltd		1,418,366
	73,110		Shimano, Inc		11,209,768
	532,250		Shimizu Corp		5,459,198
	340,101		Shin-Etsu Chemical Co Ltd		38,895,193
	184,096	*,e	Shinsei Bank Ltd		2,818,732
	245,780		Shionogi & Co Ltd		14,617,543
	365,830		Shiseido Co Ltd		23,552,358
	425,548		Shizuoka Bank Ltd		2,987,499
	137,492	e	Showa Denko KK		3,287,799
	53,491	*	SMC Corp		23,090,410
	1,596,100		Softbank Corp		21,897,037
	1,466,972		Softbank Group Corp		59,228,342
	77,206		Sohgo Security Services Co Ltd		4,007,081
	1,186,745		Sony Corp		82,985,327
	140,279		Sony Financial Holdings, Inc		3,229,806
	90,900	*	Square Enix Co Ltd		4,462,236
	117,029		Stanley Electric Co Ltd		3,014,085
	98,433		Start Today Co Ltd		1,639,475
	249,899		Sumco Corp		3,821,293
	1,468,694		Sumitomo Chemical Co Ltd		6,240,771
	1,094,826		Sumitomo Corp		16,285,172
	145,265		Sumitomo Dainippon Pharma Co Ltd		2,493,668
	696,283		Sumitomo Electric Industries Ltd		9,282,583
	114,717		Sumitomo Heavy Industries Ltd		3,005,228
	222,545		Sumitomo Metal Mining Co Ltd		6,327,054
	1,245,762		Sumitomo Mitsui Financial Group, Inc		43,800,226
	303,545		Sumitomo Realty & Development Co Ltd		11,175,164

312

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	148,933		Sumitomo Rubber Industries, Inc	$	1,636,371
	61,057		Sundrug Co Ltd		2,069,106
	141,950		Suntory Beverage & Food Ltd		6,009,919
	65,952		Suzuken Co Ltd		2,528,595
	344,240		Suzuki Motor Corp		15,750,957
	154,125		Sysmex Corp		11,026,139
	536,149		T&D Holdings, Inc		5,714,969
	111,698		Taiheiyo Cement Corp		3,006,335
	184,497		Taisei Corp		7,365,810
	30,658		Taisho Pharmaceutical Holdings Co Ltd		2,165,863
	117,458		Taiyo Nippon Sanso Corp		2,574,554
	1,393,373		Takeda Pharmaceutical Co Ltd		53,510,234
	121,949		TDK Corp		12,911,413
	154,560		Teijin Ltd		2,763,348
	165,972		Temp Holdings Co Ltd		2,967,276
	622,754		Terumo Corp		22,416,501
	123,185		THK Co Ltd		3,071,117
	176,090		Tobu Railway Co Ltd		6,203,113
	117,142	e	Toho Co Ltd		4,315,365
	74,920		Toho Gas Co Ltd		2,894,311
	366,337		Tohoku Electric Power Co, Inc		3,433,684
	586,543		Tokio Marine Holdings, Inc		31,838,256
	1,392,518	*	Tokyo Electric Power Co, Inc		5,514,214
	146,343		Tokyo Electron Ltd		32,187,562
	382,505		Tokyo Gas Co Ltd		8,409,752
	448,644		Tokyu Corp		7,906,135
	566,624		Tokyu Fudosan Holdings Corp		3,994,323
	253,290		Toppan Printing Co Ltd		5,048,076
	1,278,061		Toray Industries, Inc		8,362,751
	455,987		Toshiba Corp		14,573,507
	255,330		Tosoh Corp		3,601,407
	130,332		Toto Ltd		5,295,971
	130,124		Toyo Seikan Kaisha Ltd		2,201,386
	86,099		Toyo Suisan Kaisha Ltd		3,607,195
	62,599		Toyoda Gosei Co Ltd		1,420,282
	135,333		Toyota Industries Corp		7,319,830
	2,128,986		Toyota Motor Corp		148,023,412
	198,544		Toyota Tsusho Corp		6,864,074
	115,131	*	Trend Micro, Inc		6,015,639
	32,759		Tsuruha Holdings, Inc		4,009,757
	389,122		Uni-Charm Corp		13,317,170
	2,778		United Urban Investment Corp		4,981,454
	192,623		USS Co Ltd		3,496,034
	46,500	e	Welcia Holdings Co Ltd		2,553,485
	145,277		West Japan Railway Co		12,291,860
	2,425,419		Yahoo! Japan Corp		9,633,612
	124,811		Yakult Honsha Co Ltd		6,277,410
	535,540		Yamada Denki Co Ltd		2,699,261
	130,860		Yamaha Corp		6,685,230
	260,479		Yamaha Motor Co Ltd		4,833,870
	280,974		Yamato Transport Co Ltd		4,499,312
	120,877		Yamazaki Baking Co Ltd		2,300,348
	230,465	e	Yaskawa Electric Corp		7,889,220
	208,473		Yokogawa Electric Corp		3,627,439

313

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	109,232		Yokohama Rubber Co Ltd	$	1,856,640
			TOTAL JAPAN		3,296,396,077
LUXEMBOURG - 0.2%
	665,775		ArcelorMittal		9,778,910
	10,804	e	Eurofins Scientific		5,810,978
	87,063		Millicom International Cellular S.A.		4,111,447
	336,539		SES Global S.A.		4,130,256
	445,845		Tenaris S.A.		4,607,620
			TOTAL LUXEMBOURG		28,439,211
MACAU - 0.2%
	2,040,361		Galaxy Entertainment Group Ltd		13,353,313
	2,249,667		Sands China Ltd		10,848,580
	1,500,253		Wynn Macau Ltd		3,114,008
			TOTAL MACAU		27,315,901
NETHERLANDS - 4.7%
	396,936	g	ABN AMRO Group NV (ADR)		6,908,852
	9,661	*,g	Adyen NV		8,877,560
	1,809,074		Aegon NV		7,326,562
	208,016		Akzo Nobel NV		19,629,950
	624,141	*	Altice NV (Class A)		4,011,454
	398,569		ASML Holding NV		111,853,215
	166,793		DSM NV		20,299,627
	101,394		EXOR NV		7,471,528
	102,404		Heineken Holding NV		10,064,031
	234,824		Heineken NV		25,550,491
	3,705,817		ING Groep NV		40,234,816
	1,131,942		Koninklijke Ahold Delhaize NV		27,779,494
	3,453,366		Koninklijke KPN NV		9,675,766
	840,624		Koninklijke Philips Electronics NV		38,498,418
	65,090		Koninklijke Vopak NV		3,485,322
	289,910		NN Group NV		10,062,342
	259,990		NXP Semiconductors NV		32,982,331
	452,598	*	Prosus NV		32,647,545
	108,227		Randstad Holdings NV		6,216,125
	3,988,002		Royal Dutch Shell plc (A Shares)		104,726,359
	3,485,407		Royal Dutch Shell plc (B Shares)		91,584,645
	251,475		Wolters Kluwer NV		18,896,206
			TOTAL NETHERLANDS		638,782,639
NEW ZEALAND - 0.3%
	697,413	*	a2 Milk Co Ltd		6,682,004
	942,732		Auckland International Airport Ltd		5,247,370
	540,957		Fisher & Paykel Healthcare Corp		8,092,038
	785,837		Fletcher Building Ltd		2,804,830
	1,172,684		Meridian Energy Ltd		4,029,846
	611,586		Mighty River Power Ltd		2,060,374
	404,771		Ryman Healthcare Ltd		4,291,270
	1,687,456		Telecom Corp of New Zealand Ltd		5,054,138
			TOTAL NEW ZEALAND		38,261,870

314

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
NORWAY - 0.6%
	103,120		Aker BP ASA	$	2,904,615
	886,490		DNB NOR Holding ASA		15,498,123
	940,901		Equinor ASA		16,980,979
	219,177		Gjensidige Forsikring BA		4,776,801
	1,283,487		Norsk Hydro ASA		4,011,339
	691,068		Orkla ASA		6,671,422
	412,308		PAN Fish ASA		9,834,269
	104,664		Schibsted ASA (B Shares)		2,956,380
	689,385		Telenor ASA		12,457,909
	162,493		Yara International ASA		5,901,004
			TOTAL NORWAY		81,992,841
PORTUGAL - 0.2%
	2,267,822		Energias de Portugal S.A.		11,372,971
	461,962		Galp Energia SGPS S.A.		6,980,494
	270,653		Jeronimo Martins SGPS S.A.		4,657,370
			TOTAL PORTUGAL		23,010,835
RUSSIA - 0.0%
	474,929		Evraz plc		2,205,010
			TOTAL RUSSIA		2,205,010
SINGAPORE - 1.2%
	2,922,168		Ascendas REIT		6,728,381
	2,801,637		CapitaCommercial Trust		4,216,429
	2,349,826		CapitaLand Ltd		6,192,201
	2,620,545		CapitaMall Trust		4,817,975
	399,245		City Developments Ltd		3,077,114
	1,910,229		ComfortDelgro Corp Ltd		3,021,670
	1,646,405		DBS Group Holdings Ltd		30,328,499
	5,402,184		Genting Singapore Ltd		3,380,898
	85,744		Jardine Cycle & Carriage Ltd		1,823,118
	1,308,265		Keppel Corp Ltd		6,358,592
	1,887,500		Mapletree Commercial Trust		3,241,478
	2,972,894		Oversea-Chinese Banking Corp		23,394,020
	877,845		SembCorp Industries Ltd		1,353,365
	502,086		Singapore Airlines Ltd		3,130,016
	809,125		Singapore Airport Terminal Services Ltd		2,693,183
	858,760		Singapore Exchange Ltd		5,448,290
	1,362,216	e	Singapore Press Holdings Ltd		2,001,607
	1,680,671		Singapore Technologies Engineering Ltd		5,033,936
	203,100		Singapore Telecommunications Ltd		488,711
	7,710,499		Singapore Telecommunications Ltd		18,548,525
	2,303,064		Suntec Real Estate Investment Trust		3,093,906
	1,154,288		United Overseas Bank Ltd		21,529,926
	391,097		UOL Group Ltd		2,271,911
	253,013		Venture Corp Ltd		2,987,694
	1,692,756		Wilmar International Ltd		4,820,278
			TOTAL SINGAPORE		169,981,723
SOUTH AFRICA - 0.2%
	970,766		Anglo American plc		25,331,259
			TOTAL SOUTH AFRICA		25,331,259

315

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
SPAIN - 2.8%
	236,534		ACS Actividades Construccion y Servicios S.A.	$	7,864,055
	59,858	g	Aena S.A.		11,078,524
	395,593	e	Amadeus IT Holding S.A.		31,016,890
	6,257,075		Banco Bilbao Vizcaya Argentaria S.A.		32,390,330
	5,283,415		Banco de Sabadell S.A.		4,760,601
	15,620,932		Banco Santander S.A.		61,560,390
	1,220,648		Bankia S.A.		2,218,313
	609,754		Bankinter S.A.		3,954,009
	3,331,962		CaixaBank S.A.		9,738,556
	236,346	g	Cellnex Telecom SAU		11,754,705
	1,012,987		Corp Mapfre S.A.		2,592,391
	241,453		Enagas		6,505,665
	310,357		Endesa S.A.		8,521,500
	478,774		Ferrovial S.A.		15,208,462
	293,779		Gas Natural SDG S.A.		7,748,352
	281,471	e	Grifols S.A.		9,453,264
	5,785,599		Iberdrola S.A.		63,302,194
	102,764	*	Iberdrola S.A. - Interim		1,124,377
	1,040,237		Industria De Diseno Textil S.A.		34,980,119
	405,861		Red Electrica Corp S.A.		8,119,755
	1,409,705		Repsol YPF S.A.		19,401,445
	218,018		Siemens Gamesa Renewable Energy		3,474,902
	4,251,822		Telefonica S.A.		28,758,074
			TOTAL SPAIN		385,526,873
SWEDEN - 2.4%
	289,965		Alfa Laval AB		7,238,432
	918,883		Assa Abloy AB		21,810,870
	634,652		Atlas Copco AB (A Shares)		22,462,880
	373,278		Atlas Copco AB (B Shares)		11,602,750
	271,132		Boliden AB		6,436,732
	208,981		Electrolux AB (Series B)		4,964,626
	354,495		Epiroc AB		4,006,395
	611,371		Epiroc AB (Class A)		7,072,654
	2,855,950		Ericsson (LM) (B Shares)		22,454,685
	547,408		Essity AB		17,377,968
	738,235	e	Hennes & Mauritz AB (B Shares)		16,196,716
	244,776		Hexagon AB (B Shares)		13,306,943
	381,244		Husqvarna AB (B Shares)		2,873,351
	93,077		ICA Gruppen AB		4,092,543
	155,496		Industrivarden AB		3,665,288
	420,334		Investor AB (B Shares)		23,015,387
	224,350		Kinnevik AB		5,413,144
	68,457		Lundbergs AB (B Shares)		2,971,853
	183,391		Lundin Petroleum AB		5,577,778
	1,076,337		Sandvik AB		19,644,965
	279,511		Securitas AB (B Shares)		4,399,326
	1,521,595		Skandinaviska Enskilda Banken AB (Class A)		15,036,284
	307,317		Skanska AB (B Shares)		7,113,381
	377,711		SKF AB (B Shares)		6,913,855
	1,415,151		Svenska Handelsbanken AB		13,864,524
	847,230		Swedbank AB (A Shares)		13,008,139

316

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	156,546		Swedish Match AB	$	8,850,817
	497,505		Tele2 AB (B Shares)		7,505,905
	2,520,865		TeliaSonera AB		10,780,339
	1,427,361		Volvo AB (B Shares)		24,398,922
			TOTAL SWEDEN		334,057,452
SWITZERLAND - 9.9%
	1,729,444		ABB Ltd		40,264,801
	143,468		Adecco S.A.		8,405,523
	379,997	*	Alcon, Inc		22,449,384
	44,446		Baloise Holding AG.		8,030,443
	2,707		Barry Callebaut AG.		5,979,029
	489,762		Cie Financiere Richemont S.A.		35,567,847
	183,489		Clariant AG.		4,130,291
	195,708		Coca-Cola HBC AG.		7,188,780
	2,442,641		Credit Suisse Group		30,887,066
	37,413		Dufry Group		3,243,314
	7,404		EMS-Chemie Holding AG.		4,844,747
	33,471		Geberit AG.		17,663,699
	8,362		Givaudan S.A.		27,590,178
	10,265,644		Glencore Xstrata plc		30,022,829
	463,674		Holcim Ltd		23,564,280
	217,413		Julius Baer Group Ltd		10,863,613
	48,416		Kuehne & Nagel International AG.		7,825,081
	1,074		Lindt & Spruengli AG.		9,015,044
	103		Lindt & Spruengli AG. (Registered)		9,613,476
	69,420		Lonza Group AG.		28,510,083
	2,789,169		Nestle S.A.		307,624,703
	1,999,121		Novartis AG.		188,853,156
	33,549		Pargesa Holding S.A.		2,687,573
	16,864		Partners Group		15,438,214
	50,246		Phonak Holding AG.		12,600,257
	653,541		Roche Holding AG.		219,242,321
	36,855		Schindler Holding AG.		9,519,843
	18,205		Schindler Holding AG. (Registered)		4,526,173
	4,733		SGS S.A.		13,691,017
	118,477		Sika AG.		21,305,174
	647,248		STMicroelectronics NV		18,020,708
	9,402		Straumann Holding AG.		8,961,349
	27,142		Swatch Group AG.		6,808,476
	53,983		Swatch Group AG. (Registered)		2,624,230
	30,824		Swiss Life Holding		15,494,431
	76,386		Swiss Prime Site AG.		9,325,598
	271,767		Swiss Re Ltd		30,687,627
	25,345		Swisscom AG.		13,905,871
	61,225		Temenos Group AG.		9,849,164
	3,663,522		UBS AG.		45,499,528
	41,630		Vifor Pharma AG.		7,671,441
	138,526		Zurich Financial Services AG.		57,504,585
			TOTAL SWITZERLAND		1,357,500,947
UNITED ARAB EMIRATES - 0.0%
	121,704		NMC Health plc		2,069,726
			TOTAL UNITED ARAB EMIRATES		2,069,726

317

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
UNITED KINGDOM - 14.2%
	886,862		3i Group plc	$	12,900,974
	170,963		Admiral Group plc		5,089,821
	429,895		Ashtead Group plc		13,876,107
	351,748		Associated British Foods plc		12,175,288
	1,233,036		AstraZeneca plc		120,624,885
	917,227	g	Auto Trader Group plc		6,768,018
	58,097		Aveva Group plc		3,767,283
	3,718,851		Aviva plc		19,488,599
	2,934,515		BAE Systems plc		24,394,494
	16,187,890		Barclays plc		35,747,946
	938,179		Barratt Developments plc		9,932,998
	121,747		Berkeley Group Holdings plc		8,424,185
	19,002,279		BP plc		114,395,657
	2,132,778		British American Tobacco plc		94,044,645
	825,208		British Land Co plc		6,035,033
	7,685,629		BT Group plc		16,331,565
	337,643		Bunzl plc		8,745,041
	376,354		Burberry Group plc		9,649,868
	5,262,966		Centrica plc		5,896,164
	2,524,099		CK Hutchison Holdings Ltd		22,302,206
	972,884		CNH Industrial NV		9,266,710
	226,122		Coca-Cola European Partners plc (Class A)		11,896,278
	1,501,921		Compass Group plc		37,130,799
	129,747		Croda International plc		8,520,328
	89,606		DCC plc		7,234,963
	2,224,478		Diageo plc		87,962,760
	1,238,137		Direct Line Insurance Group plc		5,514,487
	148,326		easyJet plc		2,722,749
	871,478		Experian Group Ltd		30,334,376
	1,018,410		Fiat DaimlerChrysler Automobiles NV		13,267,047
	4,694,203		GlaxoSmithKline plc		110,217,117
	1,403,217		Group 4 Securicor plc		3,611,130
	532,150		GVC Holdings plc		6,153,110
	341,283		Halma plc		9,472,808
	260,415		Hargreaves Lansdown plc		5,911,293
	18,821,540		HSBC Holdings plc		136,836,000
	877,883		Imperial Tobacco Group plc		22,510,873
	1,135,419		Informa plc		11,598,299
	155,106		InterContinental Hotels Group plc		9,553,910
	158,640		Intertek Group plc		12,037,288
	3,343,639		ITV plc		5,957,058
	1,580,349		J Sainsbury plc		4,215,194
	403,457		JD Sports Fashion plc		4,363,069
	178,577		Johnson Matthey plc		6,122,701
	1,947,633		Kingfisher plc		5,228,921
	637,912		Land Securities Group plc		7,887,344
	5,616,909		Legal & General Group plc		22,590,664
	65,452,903		Lloyds TSB Group plc		48,862,819
	301,142		London Stock Exchange Group plc		31,120,250
	2,332,021	*	M&G plc		7,358,793
	1,783,844		Marks & Spencer Group plc		4,136,616
	715,854		Meggitt plc		6,368,298

318

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	4,587,854		Melrose Industries plc	$	14,060,344
	313,550		Micro Focus International plc		4,210,816
	445,812		Mondi plc		9,070,831
	3,275,211		National Grid plc		43,516,661
	129,232		Next plc		11,744,531
	421,399	*	Ocado Ltd		6,794,502
	720,792		Pearson plc		5,379,940
	290,983		Persimmon plc		11,714,421
	2,457,985		Prudential plc		43,703,881
	665,243		Reckitt Benckiser Group plc		55,064,360
	1,843,955		RELX plc		48,923,484
	1,822,840		Rentokil Initial plc		11,226,075
	1,607,568		Rolls-Royce Group plc		14,159,993
	4,558,897		Royal Bank of Scotland Group plc		13,057,610
	927,254		RSA Insurance Group plc		6,727,475
	1,087,609		Sage Group plc		10,588,561
	113,762		Schroders plc		4,816,621
	971,443		Scottish & Southern Energy plc		19,337,327
	1,048,791		Segro plc		12,593,778
	222,178		Severn Trent plc		7,566,425
	835,191		Smith & Nephew plc		20,095,446
	357,631		Smiths Group plc		7,951,852
	67,099		Spirax-Sarco Engineering plc		7,882,449
	482,202		St. James’s Place plc		7,252,167
	2,549,068		Standard Chartered plc		21,196,618
	2,211,001		Standard Life Aberdeen plc		8,785,244
	3,000,479		Taylor Wimpey plc		8,522,546
	8,974,799		Tesco plc		29,190,694
	1,382,198		Unilever NV		80,654,248
	1,041,131		Unilever plc		62,104,841
	620,205		United Utilities Group plc		8,298,783
	25,028,961		Vodafone Group plc		49,174,839
	254,091		Weir Group plc		4,509,165
	122,307		Whitbread plc		7,209,856
	2,211,728		WM Morrison Supermarkets plc		5,303,315
	1,160,157		WPP plc		14,424,871
			TOTAL UNITED KINGDOM		1,943,369,399
UNITED STATES - 0.3%
	150,886		Carnival plc		6,162,441
	34,515	*	CyberArk Software Ltd		4,771,009
	209,278		Ferguson plc		18,793,542
	433,229		James Hardie Industries NV		9,108,965
	207,603	*	QIAGEN NV (Turquoise)		6,934,099
			TOTAL UNITED STATES		45,770,056
			TOTAL COMMON STOCKS		13,510,334,697
			(Cost $11,600,627,741)

319

TIAA-CREF FUNDS - International Equity Index Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 1.9%
GOVERNMENT AGENCY DEBT - 1.1%
$	14,000,000		Federal Agricultural Mortgage Corp (FAMC)		1.554	%	04/02/20	$	13,963,977
	22,703,000		Federal Home Loan Bank (FHLB)		1.550		02/03/20		22,703,000
	29,670,000		FHLB	1.500 - 1.520			02/04/20		29,668,722
	13,372,000		FHLB	1.522 - 1.532			02/26/20		13,358,758
	10,200,000		FHLB	1.522 - 1.542			03/10/20		10,184,088
	6,020,000		FHLB	1.564			03/31/20		6,005,131
	26,760,000		FHLB	1.534 - 1.564			04/01/20		26,692,312
	33,550,000		Federal National Mortgage Association (FNMA)		1.491		02/13/20		33,535,555
			TOTAL GOVERNMENT AGENCY DEBT						156,111,543
TREASURY DEBT - 0.2%
	10,780,000		United States Treasury Bill		1.465		02/06/20		10,778,686
	20,010,000		United States Treasury Bill		1.477		02/18/20		19,997,758
			TOTAL TREASURY DEBT						30,776,444
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.6%
	76,955,307	c	State Street Navigator Securities Lending Government Money Market Portfolio						76,955,307
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						76,955,307
			TOTAL SHORT-TERM INVESTMENTS						263,843,294
			(Cost $263,830,033)
			TOTAL INVESTMENTS - 100.4%						13,774,177,991
			(Cost $11,864,457,774)
			OTHER ASSETS & LIABILITIES, NET - (0.4)%						(54,311,287	)
			NET ASSETS - 100.0%					$	13,719,866,704
			Abbreviation(s):
			ADR    American Depositary Receipt
			REIT    Real Estate Investment Trust
		*	Non-income producing
		†	Security is categorized as Level 3 in the fair value hierarchy.
		c	Investments made with cash collateral received from securities on loan.
		e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $119,518,598.
		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 1/31/20, the aggregate value of these securities is $123,955,046 or 0.9% of net assets.

Futures contracts outstanding as of January 31, 2020 were as follows:

Description	Number of long (short) contracts	Expiration date	Notional amount		Value		Unrealized appreciation (depreciation)
MSCI EAFE Index	1,686	03/20/20	$	171,470,529	$	166,618,950	$	(4,851,579)

320

TIAA-CREF FUNDS - International Equity Index Fund

TIAA-CREF FUNDS

INTERNATIONAL EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2020

SECTOR	VALUE			% OF NET ASSETS
FINANCIALS	$	2,471,188,082			18.0	%
INDUSTRIALS		2,025,658,765			14.8
HEALTH CARE		1,700,326,839			12.4
CONSUMER STAPLES		1,556,397,002			11.3
CONSUMER DISCRETIONARY		1,529,565,429			11.1
INFORMATION TECHNOLOGY		957,315,957			7.0
MATERIALS		927,639,151			6.8
COMMUNICATION SERVICES		701,332,588			5.1
ENERGY		615,837,047			4.5
UTILITIES		544,082,463			4.0
REAL ESTATE		480,991,374			3.5
SHORT-TERM INVESTMENTS		263,843,294			1.9
OTHER ASSETS & LIABILITIES, NET		(54,311,287	)		(0.4	)
NET ASSETS	$	13,719,866,704			100.0	%

321

TIAA-CREF FUNDS - Emerging Markets Debt Fund

TIAA-CREF FUNDS

EMERGING MARKETS DEBT FUND

SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BONDS - 96.9%
CORPORATE BONDS - 51.9%
ARGENTINA - 0.6%
$	2,020,000	g	AES Argentina Generacion S.A.		7.750	%	02/02/24	$	1,696,800
	1,950,000	g	YPF S.A.		6.950		07/21/27		1,662,375
			TOTAL ARGENTINA						3,359,175
BRAZIL - 6.8%
	2,000,000	g	Banco Bradesco S.A.		2.850		01/27/23		2,012,000
	2,500,000	g	Banco BTG Pactual S.A.		4.500		01/10/25		2,568,750
	2,500,000	g	Banco Votorantim S.A.		4.500		09/24/24		2,625,000
	1,775,000	g	BRF S.A.		4.875		01/24/30		1,824,700
	2,875,000	g	Cosan Ltd		5.500		09/20/29		3,063,341
	1,250,000	g	Globo Comunicacao e Participacoes S.A.		4.875		01/22/30		1,275,650
	2,500,000	g	GUSAP III LP		4.250		01/21/30		2,623,750
	2,750,000	g	Itau Unibanco Holding S.A.		4.500		11/21/29		2,823,563
	2,325,000	g	Klabin Finance S.A.		4.875		09/19/27		2,444,179
	2,500,000	g	NBM US Holdings, Inc		6.625		08/06/29		2,690,625
	844,221	g	Odebrecht Offshore Drilling Finance Ltd		6.720		12/01/22		835,779
	3,747,296	†,g,o	Odebrecht Offshore Drilling Finance Ltd		7.720		12/01/26		918,125
	527,012	†,g,j,	Odebrecht Oil & Gas Finance Ltd		0.000		N/A‡		3,953
	714,000	o	Oi S.A.		10.000		07/27/25		689,310
	2,118,000		Petrobras Global Finance BV		5.093		01/15/30		2,324,187
	1,700,000		Petrobras Global Finance BV		5.625		05/20/43		1,916,410
	2,000,000		Petrobras Global Finance BV		6.900		03/19/49		2,440,700
	2,750,000	g	Rede D’or Finance Sarl		4.500		01/22/30		2,763,750
	2,000,000	g	Rio Oil Finance Trust		8.200		04/06/28		2,340,000
	775,000		Suzano Austria GmbH		6.000		01/15/29		874,975
	1,525,000	g	Suzano Austria GmbH		7.000		03/16/47		1,822,070
			TOTAL BRAZIL						40,880,817
CHILE - 3.7%
	1,550,000	g	AES Gener S.A.		6.350		10/07/79		1,618,975
	1,650,000	g	Banco del Estado de Chile		2.704		01/09/25		1,662,375
	750,000	g	Celulosa Arauco y Constitucion S.A.		4.200		01/29/30		764,775
	2,325,000	g	Celulosa Arauco y Constitucion S.A.		5.150		01/29/50		2,380,800
	1,800,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.625		08/01/27		1,915,468
	1,800,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.150		01/14/30		1,830,312
	2,150,000	g	Corp Nacional del Cobre de Chile-CODELCO		4.375		02/05/49		2,409,730
	2,075,000	g	Embotelladora Andina S.A.		3.950		01/21/50		2,077,594
	2,100,000		Enel Chile S.A.		4.875		06/12/28		2,357,250
	950,000	g	Inversiones CMPC S.A.		3.850		01/13/30		971,375

322

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,600,000	g	Latam Finance Ltd		7.000	%	03/01/26	$	2,822,326
	1,375,000	g	Sociedad Quimica y Minera de Chile S.A.		4.250		05/07/29		1,472,969
			TOTAL CHILE						22,283,949
CHINA - 2.4%
	3,100,000		China Evergrande Group		8.250		03/23/22		2,940,954
	2,300,000		Country Garden Holdings Co Ltd		4.750		07/25/22		2,323,545
	1,725,000		JD.com, Inc		3.375		01/14/30		1,765,147
	1,825,000	g	Prosus NV		3.680		01/21/30		1,877,361
	2,600,000		Shimao Property Holdings Ltd		5.200		01/30/25		2,684,552
	2,425,000		Weibo Corp		3.500		07/05/24		2,508,579
			TOTAL CHINA						14,100,138
COLOMBIA - 3.5%
	2,125,000		Bancolombia S.A.		3.000		01/29/25		2,137,771
	1,675,000		Bancolombia S.A.		4.625		12/18/29		1,726,088
	2,000,000	g	Colombia Telecomunicaciones S.A. ESP		5.375		09/27/22		2,017,520
	2,300,000		Ecopetrol S.A.		5.875		05/28/45		2,764,600
	2,735,000	g	Empresas Publicas de Medellin ESP		4.250		07/18/29		2,873,801
	2,750,000	g	Geopark Ltd		5.500		01/17/27		2,743,125
	2,075,000	g	Grupo Aval Ltd		4.375		02/04/30		2,099,381
	1,650,000	g	Millicom International Cellular S.A.		6.250		03/25/29		1,818,795
	1,600,000	g	Promigas S.A. ESP		3.750		10/16/29		1,622,016
	950,000	g	Termocandelaria Power Ltd		7.875		01/30/29		1,041,447
			TOTAL COLOMBIA						20,844,544
COSTA RICA - 0.2%
	952,000	g	Banco Nacional de Costa Rica		5.875		04/25/21		975,810
			TOTAL COSTA RICA						975,810
DOMINICAN REPUBLIC - 0.5%
	2,500,000	g	Aeropuertos Dominicanos Siglo XXI S.A.		6.750		03/30/29		2,771,875
			TOTAL DOMINICAN REPUBLIC						2,771,875
ECUADOR - 0.5%
	2,500,000	g	International Airport Finance S.A.		12.000		03/15/33		2,743,750
			TOTAL ECUADOR						2,743,750
GHANA - 0.4%
	1,000,000	g	Tullow Oil plc		6.250		04/15/22		907,500
	1,725,000	g	Tullow Oil plc		7.000		03/01/25		1,395,128
			TOTAL GHANA						2,302,628
INDIA - 3.6%
	2,825,000	g	Adani Green Energy UP Ltd		6.250		12/10/24		3,061,210
	2,100,000	g	Adani Ports & Special Economic Zone Ltd		4.375		07/03/29		2,218,523
	2,100,000	g	Azure Power Energy Ltd		5.500		11/03/22		2,152,928

323

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	400,000	g	Azure Power Solar Energy Pvt Ltd		5.650	%	12/24/24	$	413,859
	1,250,000	g	Bharti Airtel International Netherlands BV		5.350		05/20/24		1,347,971
	2,250,000	g	Bharti Airtel Ltd		4.375		06/10/25		2,334,292
	2,300,000		Indian Railway Finance Corp Ltd		3.835		12/13/27		2,455,150
	2,800,000	g	Muthoot Finance Ltd		6.125		10/31/22		2,903,626
	2,200,000	g	Power Finance Corp Ltd		3.950		04/23/30		2,211,272
	2,300,000	g	Vedanta Resources Finance II plc		9.250		04/23/26		2,223,709
			TOTAL INDIA						21,322,540
INDONESIA - 3.9%
	2,500,000	g	Adaro Indonesia PT		4.250		10/31/24		2,462,500
IDR	12,280,000,000	g	Jasa Marga Persero Tbk PT		7.500		12/11/20		892,039
$	2,000,000	g	Listrindo Capital BV		4.950		09/14/26		2,059,000
	1,605,825	g	LLPL Capital Pte Ltd		6.875		02/04/39		1,878,815
	300,000	g	Medco Oak Tree Pte Ltd		7.375		05/14/26		310,183
	2,200,000	g	Medco Platinum Road Pte Ltd		6.750		01/30/25		2,254,754
	2,300,000	g	Minejesa Capital BV		5.625		08/10/37		2,501,549
	850,000	g	Pertamina Persero PT		3.650		07/30/29		885,819
	1,250,000	g	Pertamina Persero PT		4.700		07/30/49		1,335,402
	1,400,000	g	Perusahaan Listrik Negara PT		3.875		07/17/29		1,467,277
	2,000,000	g	Perusahaan Listrik Negara PT		5.250		10/24/42		2,270,000
	2,000,000	g	Perusahaan Listrik Negara PT		6.150		05/21/48		2,545,200
	2,116,000	g	Star Energy Geothermal Wayang Windu Ltd		6.750		04/24/33		2,303,123
			TOTAL INDONESIA						23,165,661
ISRAEL - 1.2%
	2,050,000	g	Bank Leumi Le-Israel BM		3.275		01/29/31		2,050,000
	2,000,000	g	Israel Electric Corp Ltd		4.250		08/14/28		2,197,157
	1,800,000		Teva Pharmaceutical Finance Netherlands III BV		3.150		10/01/26		1,536,660
	1,450,000		Teva Pharmaceutical Finance Netherlands III BV		6.750		03/01/28		1,510,175
			TOTAL ISRAEL						7,293,992
JAMAICA - 0.1%
	2,586,517	†,g,o	Digicel Group Two Ltd		9.125		04/01/24		439,708
			TOTAL JAMAICA						439,708
KAZAKHSTAN - 2.5%
KZT	453,000,000	g	Development Bank of Kazakhstan JSC		8.950		05/04/23		1,122,809
$	1,098,937	g	Kazkommertsbank JSC		5.500		12/21/22		1,101,667
	1,800,000	g	KazMunayGas National Co JSC		4.750		04/19/27		2,021,426
	3,000,000	g	KazMunayGas National Co JSC		5.375		04/24/30		3,566,793
	1,550,000	g	KazMunayGas National Co JSC		6.375		10/24/48		2,073,323
	2,475,000	g	KazTransGas JSC		4.375		09/26/27		2,653,642

324

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	2,500,000	g	Tengizchevroil Finance Co International Ltd		4.000	%	08/15/26	$	2,635,160
			TOTAL KAZAKHSTAN						15,174,820
KOREA, REPUBLIC OF - 0.4%
	2,250,000	g	POSCO		2.500		01/17/25		2,264,364
			TOTAL KOREA, REPUBLIC OF						2,264,364
KUWAIT - 0.4%
	2,500,000	g	NBK Tier  Financing 2 Ltd		4.500		N/A‡		2,501,450
			TOTAL KUWAIT						2,501,450
MACAU - 0.5%
	375,000	g	Melco Resorts Finance Ltd		5.375		12/04/29		374,590
	1,325,000	g	MGM China Holdings Ltd		5.875		05/15/26		1,371,375
	1,550,000	g	Wynn Macau Ltd		4.875		10/01/24		1,565,500
			TOTAL MACAU						3,311,465
MALAYSIA - 0.5%
	3,000,000		1MDB Global Investments Ltd		4.400		03/09/23		2,974,649
			TOTAL MALAYSIA						2,974,649
MEXICO - 5.7%
	2,750,000	g	Aerovias de Mexico S.A.		7.000		02/05/25		2,750,000
	800,000	g	BBVA Bancomer S.A.		5.350		11/12/29		832,008
	2,625,000	g	BBVA Bancomer S.A.		5.125		01/18/33		2,792,370
	2,500,000	g	Cemex SAB de C.V.		5.700		01/11/25		2,562,525
	2,700,000		Coca-Cola Femsa SAB de C.V.		2.750		01/22/30		2,780,350
	2,156,025	g	Cometa Energia S.A. de C.V.		6.375		04/24/35		2,469,080
	2,500,000	g	Grupo Bimbo SAB de C.V.		4.000		09/06/49		2,514,075
	1,350,000	g	Industrias Penoles SAB de C.V.		4.150		09/12/29		1,405,363
	2,691,000	g	Mexico City Airport Trust		4.250		10/31/26		2,892,300
	2,000,000		Petroleos Mexicanos		4.875		01/18/24		2,115,000
	2,100,000		Petroleos Mexicanos		5.350		02/12/28		2,130,240
	4,647,000	g	Petroleos Mexicanos		6.840		01/23/30		5,035,024
	2,075,000		Petroleos Mexicanos		6.350		02/12/48		2,051,864
	1,885,000	g	PLA Administradora Industrial S de RL de C.V.		4.962		07/18/29		2,040,513
			TOTAL MEXICO						34,370,712
MOROCCO - 0.6%
	2,500,000	g	OCP S.A.		6.875		04/25/44		3,299,943
			TOTAL MOROCCO						3,299,943
NIGERIA - 0.4%
	2,500,000	g	IHS Netherlands Holdco BV		7.125		03/18/25		2,653,270
			TOTAL NIGERIA						2,653,270

325

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
PANAMA - 1.5%
$	2,500,000	g	Banco General S.A.		4.125	%	08/07/27	$	2,646,900
	675,000	g	C&W Senior Financing Designated Activity Co		7.500		10/15/26		728,325
	2,000,000	g	C&W Senior Financing Designated Activity Co		6.875		09/15/27		2,147,500
	1,175,000	g	Cable Onda S.A.		4.500		01/30/30		1,214,703
	2,300,000	g	Empresa de Transmision Electrica S.A.		5.125		05/02/49		2,693,898
			TOTAL PANAMA						9,431,326
PARAGUAY - 0.2%
	1,000,000	g	Telefonica Celular del Paraguay S.A.		5.875		04/15/27		1,068,285
			TOTAL PARAGUAY						1,068,285
PERU - 1.8%
PEN	9,000,000	g	Alicorp SAA		6.875		04/17/27		2,903,869
$	1,575,000	g	Hunt Oil Co of Peru LLC Sucursal Del Peru		6.375		06/01/28		1,708,403
	2,300,000	g	Inkia Energy Ltd		5.875		11/09/27		2,426,523
	975,000	g	Lima Metro Line 2 Finance Ltd		4.350		04/05/36		1,046,302
	2,000,000	g	Petroleos del Peru S.A.		5.625		06/19/47		2,410,640
			TOTAL PERU						10,495,737
RUSSIA - 1.1%
	1,475,000	g	Alfa Bank AO Via Alfa Bond Issuance plc		5.950		04/15/30		1,523,675
	2,300,000	g	Gazprom OAO Via Gaz Capital S.A.		5.150		02/11/26		2,576,496
	2,250,000	g	Sovcombank Via SovCom		8.000		04/07/30		2,428,307
			TOTAL RUSSIA						6,528,478
SINGAPORE - 0.4%
	2,500,000	g	BOC Aviation Ltd		3.000		09/11/29		2,514,148
			TOTAL SINGAPORE						2,514,148
SOUTH AFRICA - 2.1%
	2,000,000	g	Eskom Holdings SOC Ltd		5.750		01/26/21		2,002,491
	2,000,000	g	Eskom Holdings SOC Ltd		6.750		08/06/23		2,022,383
	1,600,000	g	Eskom Holdings SOC Ltd		8.450		08/10/28		1,722,933
	2,300,000	g	Gold Fields Orogen Holdings BVI Ltd		6.125		05/15/29		2,622,069
	2,100,000	g	MTN Mauritius Investment Ltd		6.500		10/13/26		2,374,200
	3,500,000	g	Petra Diamonds US Treasury plc		7.250		05/01/22		2,135,000
			TOTAL SOUTH AFRICA						12,879,076
THAILAND - 0.9%
	2,500,000	g	Bangkok Bank PCL		3.733		09/25/34		2,601,581
	2,750,000	g	PTTEP Treasury Center Co Ltd		3.903		12/06/59		2,936,694
			TOTAL THAILAND						5,538,275

326

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
TURKEY - 1.7%
$	1,900,000	g	Akbank TAS		7.200	%	03/16/27	$	1,938,320
	500,000	g	Akbank TAS		6.797		04/27/28		500,600
	2,000,000	g	Turkiye Garanti Bankasi AS.		6.125		05/24/27		1,995,000
	2,050,000	g	Turkiye Is Bankasi		6.125		04/25/24		2,130,140
	1,800,000	g	Turkiye Sise ve Cam Fabrikalari AS.		6.950		03/14/26		1,977,562
	1,800,000	g	Yapi ve Kredi Bankasi AS.		5.850		06/21/24		1,862,443
			TOTAL TURKEY						10,404,065
UKRAINE - 2.1%
	2,500,000	g	Kernel Holding S.A.		6.500		10/17/24		2,637,573
	2,250,000	g	Metinvest BV		7.750		10/17/29		2,368,575
	1,800,000	g	MHP Lux S.A.		6.950		04/03/26		1,879,184
	2,700,000	g	NAK Naftogaz Ukraine via Kondor Finance plc		7.625		11/08/26		2,877,596
	2,400,000	g	Ukreximbank Via Biz Finance plc		9.750		01/22/25		2,598,480
			TOTAL UKRAINE						12,361,408
UNITED ARAB EMIRATES - 1.2%
	1,975,000	g	Abu Dhabi Crude Oil Pipeline LLC		4.600		11/02/47		2,323,749
	2,100,000	g	DP World Ltd		5.625		09/25/48		2,490,120
	2,500,000	g	MDGH-GMTN BV		3.700		11/07/49		2,614,988
			TOTAL UNITED ARAB EMIRATES						7,428,857
ZAMBIA - 0.5%
	3,000,000	g	First Quantum Minerals Ltd		7.500		04/01/25		2,955,000
			TOTAL ZAMBIA						2,955,000
			TOTAL CORPORATE BONDS						310,639,915
			(Cost $295,278,191)
GOVERNMENT BONDS -  45.0%
ANGOLA - 1.2%
	2,250,000	g	Angolan Government International Bond		8.250		05/09/28		2,426,383
	1,775,000	g	Angolan Government International Bond		8.000		11/26/29		1,879,112
	2,500,000	g	Angolan Government International Bond		9.375		05/08/48		2,710,402
			TOTAL ANGOLA						7,015,897
ARGENTINA - 1.0%
	2,375,000	†	Argentina Republic Government International Bond		5.625		01/26/22		1,168,500
	2,000,000	†	Argentina Republic Government International Bond		7.500		04/22/26		908,000
	4,000,000	†	Argentina Republic Government International Bond		7.125		06/28/17		1,726,000
ARS	18,500,000		Argentina Treasury Bond BONCER		2.500		07/22/21		702,027
$	2,650,000	†,g	Provincia de Buenos Aires		7.875		06/15/27		987,125
			TOTAL ARGENTINA						5,491,652

327

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
ARMENIA - 0.5%
$	2,950,000	g	Republic of Armenia International Bond		3.950	%	09/26/29	$	2,978,208
			TOTAL ARMENIA						2,978,208
AZERBAIJAN - 0.7%
	3,523,000	g	Southern Gas Corridor CJSC		6.875		03/24/26		4,219,117
			TOTAL AZERBAIJAN						4,219,117
BAHRAIN - 0.5%
	3,000,000	g	Bahrain Government International Bond		5.625		09/30/31		3,200,515
			TOTAL BAHRAIN						3,200,515
BARBADOS - 0.4%
	7,000	g	Barbados Government International Bond		6.500		02/01/21		6,986
	2,214,800	g	Barbados Government International Bond		6.500		10/01/29		2,228,642
			TOTAL BARBADOS						2,235,628
BERMUDA - 0.7%
	3,500,000	g	Bermuda Government International Bond		4.750		02/15/29		4,025,000
			TOTAL BERMUDA						4,025,000
BRAZIL - 1.8%
BRL	7,715,000		Brazil Notas do Tesouro Nacional Serie F		10.000		01/01/23		2,010,611
	6,850,000		Brazil Notas do Tesouro Nacional Serie F		10.000		01/01/29		1,939,353
$	2,150,000		Brazilian Government International Bond		7.125		01/20/37		2,835,334
	3,625,000		Brazilian Government International Bond		5.625		02/21/47		4,241,286
			TOTAL BRAZIL						11,026,584
COLOMBIA - 0.9%
	3,675,000		Colombia Government International Bond		3.000		01/30/30		3,709,913
COP	5,125,000,000		Colombian TES		7.500		08/26/26		1,664,453
			TOTAL COLOMBIA						5,374,366
COSTA RICA - 0.7%
$	1,400,000	g	Costa Rica Government International Bond		6.125		02/19/31		1,489,250
	3,500,000	g	Costa Rica Government International Bond		5.625		04/30/43		3,249,750
			TOTAL COSTA RICA						4,739,000
DOMINICAN REPUBLIC - 1.8%
	3,600,000	g	Dominican Republic Government International Bond		6.875		01/29/26		4,104,036
DOP	80,000,000	g	Dominican Republic Government International Bond		11.250		02/05/27		1,595,728
	52,000,000	g	Dominican Republic Government International Bond		10.375		01/11/30		975,961
$	3,160,000	g	Dominican Republic Government International Bond		7.450		04/30/44		3,776,232
			TOTAL DOMINICAN REPUBLIC						10,451,957

328

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
ECUADOR - 2.0%
$	2,500,000	g	Ecuador Government International Bond		7.875	%	03/27/25	$	2,137,500
	2,000,000	g	Ecuador Government International Bond		9.650		12/13/26		1,775,000
	1,150,000	g	Ecuador Government International Bond		9.650		12/13/26		1,017,762
	1,750,000	g	Ecuador Government International Bond		8.875		10/23/27		1,480,937
	2,500,000	g	Ecuador Government International Bond		7.875		01/23/28		2,031,275
	3,500,000	g	Ecuador Government International Bond		10.750		01/31/29		3,171,910
	125,000	g	Petroamazonas EP		4.625		02/16/20		124,900
	520,833	g	Petroamazonas EP		4.625		11/06/20		518,241
			TOTAL ECUADOR						12,257,525
EGYPT - 2.7%
EGP	12,500,000		Egypt Government International Bond		16.000		06/11/22		819,762
$	3,875,000	g	Egypt Government International Bond		5.577		02/21/23		4,071,370
	2,200,000	g	Egypt Government International Bond		6.588		02/21/28		2,345,509
	1,450,000	g	Egypt Government International Bond		7.600		03/01/29		1,625,235
	1,225,000	g	Egypt Government International Bond		7.053		01/15/32		1,305,576
	4,050,000	g	Egypt Government International Bond		8.500		01/31/47		4,633,453
	1,000,000	g	Egypt Government International Bond		8.150		11/20/59		1,094,907
			TOTAL EGYPT						15,895,812
EL SALVADOR - 0.9%
	3,100,000	g	El Salvador Government International Bond		7.625		02/01/41		3,603,781
	1,445,000	g	El Salvador Government International Bond		7.125		01/20/50		1,581,552
			TOTAL EL SALVADOR						5,185,333
GHANA - 0.9%
GHS	2,965,000	g	Citigroup Global Markets Holdings, Inc		24.500		06/28/21		568,808
$	2,825,000	g	Ghana Government International Bond		8.125		03/26/32		2,899,168
	2,000,000	g	Ghana Government International Bond		8.627		06/16/49		2,004,568
			TOTAL GHANA						5,472,544
GREECE - 0.4%
EUR	2,225,000	g	Hellenic Republic Government International Bond		1.875		07/23/26		2,643,070
			TOTAL GREECE						2,643,070
GUATEMALA - 1.0%
$	1,500,000	g	Guatemala Government International Bond		4.500		05/03/26		1,582,500
	1,650,000	g	Guatemala Government International Bond		4.375		06/05/27		1,724,250
	1,975,000	g	Guatemala Government International Bond		6.125		06/01/50		2,344,325
			TOTAL GUATEMALA						5,651,075
HONDURAS - 0.4%
	2,000,000	g	Honduras Government International Bond		6.250		01/19/27		2,218,000
			TOTAL HONDURAS						2,218,000

329

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
INDONESIA - 1.2%
$	1,700,000	g	Indonesia Government International Bond		4.625	%	04/15/43	$	1,953,017
IDR	31,000,000,000		Indonesia Treasury Bond		8.375		09/15/26		2,507,128
	35,300,000,000		Indonesia Treasury Bond		8.375		03/15/34		2,840,803
			TOTAL INDONESIA						7,300,948
IRAQ - 0.9%
$	3,350,000	g	Iraq Government International Bond		6.752		03/09/23		3,382,369
	1,600,000	g	Iraq Government International Bond		5.800		01/15/28		1,536,944
			TOTAL IRAQ						4,919,313
ISRAEL - 0.5%
	3,000,000		State of Israel		2.500		01/15/30		3,083,403
			TOTAL ISRAEL						3,083,403
JAMAICA - 1.5%
	2,950,000		Jamaica Government International Bond		8.000		03/15/39		4,048,905
	3,550,000		Jamaica Government International Bond		7.875		07/28/45		4,828,036
			TOTAL JAMAICA						8,876,941
JORDAN - 0.4%
	2,000,000	g	Jordan Government International Bond		7.375		10/10/47		2,197,337
			TOTAL JORDAN						2,197,337
KENYA - 1.1%
	1,450,000	g	Kenya Government International Bond		6.875		06/24/24		1,571,366
	2,250,000	g	Kenya Government International Bond		8.000		05/22/32		2,455,338
	1,325,000	g	Kenya Government International Bond		8.250		02/28/48		1,427,137
KES	117,000,000		Kenya Infrastructure Bond		12.500		01/10/33		1,256,316
			TOTAL KENYA						6,710,157
LEBANON - 0.4%
$	3,200,000		Lebanon Government International Bond		6.250		11/04/24		1,201,216
	3,800,000		Lebanon Government International Bond		6.850		03/23/27		1,399,893
			TOTAL LEBANON						2,601,109
MEXICO - 0.8%
MXN	51,100,000		Mexican Bonos		7.500		06/03/27		2,841,512
	30,000,000		Mexican Bonos		7.750		05/29/31		1,717,774
			TOTAL MEXICO						4,559,286
MONGOLIA - 0.3%
$	1,400,000	g	Mongolia Government International Bond		8.750		03/09/24		1,582,216
			TOTAL MONGOLIA						1,582,216

330

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
MOROCCO - 0.5%
$	2,300,000	g	Morocco Government International Bond		5.500	%	12/11/42	$	2,903,128
			TOTAL MOROCCO						2,903,128
NAMIBIA - 0.2%
	1,400,000	g	Namibia Government International Bond		5.250		10/29/25		1,470,905
			TOTAL NAMIBIA						1,470,905
NIGERIA - 1.6%
	2,200,000	g	Nigeria Government International Bond		7.625		11/21/25		2,487,384
	4,475,000	g	Nigeria Government International Bond		6.500		11/28/27		4,608,515
	2,500,000	g	Nigeria Government International Bond		7.696		02/23/38		2,515,222
			TOTAL NIGERIA						9,611,121
OMAN - 0.6%
	1,500,000	g	Oman Government International Bond		5.375		03/08/27		1,551,724
	1,200,000	g	Oman Government International Bond		6.500		03/08/47		1,185,196
	750,000	g	Oman Government International Bond		6.750		01/17/48		748,254
			TOTAL OMAN						3,485,174
PAKISTAN - 0.5%
	3,200,000	g	Pakistan Government International Bond		6.875		12/05/27		3,381,902
			TOTAL PAKISTAN						3,381,902
PANAMA - 0.4%
	2,400,000	g	Panama Notas del Tesoro		3.750		04/17/26		2,546,400
			TOTAL PANAMA						2,546,400
PARAGUAY - 1.0%
	2,525,000	g	Paraguay Government International Bond		4.700		03/27/27		2,793,307
	2,500,000	g	Paraguay Government International Bond		5.400		03/30/50		2,928,150
			TOTAL PARAGUAY						5,721,457
PERU - 0.6%
PEN	4,450,000	g	Peruvian Government International Bond		6.950		08/12/31		1,618,615
	3,500,000	g	Peruvian Government International Bond		5.400		08/12/34		1,111,442
	1,400,000	g	Peruvian Government International Bond		6.900		08/12/37		511,635
			TOTAL PERU						3,241,692
REPUBLIC OF SERBIA - 0.6%
RSD	158,000,000		Serbia Treasury Bonds		5.750		07/21/23		1,657,879
	182,000,000		Serbia Treasury Bonds		5.875		02/08/28		2,057,618
			TOTAL REPUBLIC OF SERBIA						3,715,497

331

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
ROMANIA - 0.5%
EUR	1,600,000	g	Romanian Government International Bond		2.000	%	01/28/32	$	1,828,191
	900,000	g	Romanian Government International Bond		3.375		01/28/50		1,060,528
			TOTAL ROMANIA						2,888,719
RUSSIA - 1.7%
RUB	170,300,000		Russian Federal Bond-OFZ		7.100		10/16/24		2,800,791
	75,000,000		Russian Federal Bond-OFZ		7.950		10/07/26		1,297,126
$	2,800,000	g	Russian Foreign Bond - Eurobond		5.100		03/28/35		3,421,877
	2,000,000	g	Russian Foreign Bond - Eurobond		5.250		06/23/47		2,620,055
			TOTAL RUSSIA						10,139,849
RWANDA - 0.4%
	2,500,000	g	Rwanda Government International Bond		6.625		05/02/23		2,694,405
			TOTAL RWANDA						2,694,405
SAUDI ARABIA - 0.5%
	1,000,000	g,h	Saudi Government International Bond		2.500		02/03/27		1,005,865
	1,500,000	g,h	Saudi Government International Bond		3.750		01/21/55		1,530,997
			TOTAL SAUDI ARABIA						2,536,862
SENEGAL - 0.7%
	2,400,000	g	Senegal Government International Bond		6.250		05/23/33		2,562,933
	1,500,000	g	Senegal Government International Bond		6.750		03/13/48		1,536,763
			TOTAL SENEGAL						4,099,696
SOUTH AFRICA - 1.4%
	3,050,000		South Africa Government International Bond		5.875		06/22/30		3,327,382
	1,000,000		South Africa Government International Bond		5.750		09/30/49		985,152
ZAR	59,300,000		South Africa Government International Bond		7.000		02/28/31		3,352,858
$	1,250,000		South Africa Government International Bond		5.375		07/24/44		1,213,172
			TOTAL SOUTH AFRICA						8,878,564
SRI LANKA - 0.9%
	1,850,000	g	Sri Lanka Government International Bond		6.850		11/03/25		1,868,355
	3,500,000	g	Sri Lanka Government International Bond		6.825		07/18/26		3,506,406
			TOTAL SRI LANKA						5,374,761
SUPRANATIONAL - 0.3%
	2,000,000	g	Banque Ouest Africaine de Developpement		4.700		10/22/31		2,095,845
			TOTAL SUPRANATIONAL						2,095,845
THAILAND - 0.3%
THB	23,000,000		Thailand Government International Bond		2.400		12/17/23		773,386

332

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
THB	35,700,000		Thailand Government International Bond		3.400	%	06/17/36	$	1,440,928
			TOTAL THAILAND						2,214,314
TURKEY - 1.1%
$	2,300,000		Turkey Government International Bond		6.350		08/10/24		2,492,354
	2,050,000		Turkey Government International Bond		4.875		10/09/26		2,055,125
	2,375,000		Turkey Government International Bond		4.875		04/16/43		2,130,777
			TOTAL TURKEY						6,678,256
UGANDA - 0.2%
UGX	4,800,000,000		Republic of Uganda Government Bonds		14.250		08/23/29		1,228,248
			TOTAL UGANDA						1,228,248
UKRAINE - 3.2%
UAH	38,000,000		Citigroup Global Markets Holdings, Inc		14.700		01/25/21		1,588,321
	6,914,000		Ukraine Government International Bond		18.000		03/24/21		296,793
	37,000,000		Ukraine Government International Bond		15.840		02/26/25		1,826,433
$	5,000,000	g	Ukraine Government International Bond		7.750		09/01/25		5,625,100
	2,900,000	g	Ukraine Government International Bond		9.750		11/01/28		3,616,836
EUR	3,650,000	g	Ukraine Government International Bond		4.375		01/27/30		4,018,446
$	2,320,000	g,j	Ukraine Government International Bond		0.000		05/31/40		2,299,700
			TOTAL UKRAINE						19,271,629
UNITED ARAB EMIRATES - 0.3%
	2,000,000	g	Abu Dhabi Government International Bond		2.500		09/30/29		2,030,642
			TOTAL UNITED ARAB EMIRATES						2,030,642
URUGUAY - 0.6%
	3,003,796		Uruguay Government International Bond		4.375		01/23/31		3,449,860
			TOTAL URUGUAY						3,449,860
UZBEKISTAN - 0.8%
	2,150,000	g	Republic of Uzbekistan Government International Bond		4.750		02/20/24		2,283,957
	2,250,000	g	Republic of Uzbekistan Government International Bond		5.375		02/20/29		2,513,898
			TOTAL UZBEKISTAN						4,797,855
ZAMBIA - 0.5%
	400,000	g	Zambia Government International Bond		5.375		09/20/22		276,080
	3,500,000	g	Zambia Government International Bond		8.500		04/14/24		2,390,615
	750,000	g	Zambia Government International Bond		8.970		07/30/27		512,855
			TOTAL ZAMBIA						3,179,550
			TOTAL GOVERNMENT BONDS						269,548,324
			(Cost $265,425,587)
			TOTAL BONDS						580,188,239
			(Cost $560,703,778)

333

TIAA-CREF FUNDS - Emerging Markets Debt Fund

SHARES			COMPANY	RATE			MATURITY DATE	VALUE
COMMON STOCKS -  0.0%
BRAZIL - 0.0%
	151,162	*	Oi S.A. (ADR)					$	161,743
			TOTAL BRAZIL						161,743
			TOTAL COMMON STOCKS						161,743
			(Cost $1,044,573)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 4.5%
EGYPT - 0.7%
EGP	40,900,000	j	Egypt Treasury Bill		0.000	%	04/28/20		2,505,786
	9,425,000	j	Egypt Treasury Bill		0.000		06/23/20		564,808
	22,600,000	j	Egypt Treasury Bill		0.000		07/28/20		1,336,876
			TOTAL EGYPT						4,407,470
NIGERIA - 0.2%
NGN	452,020,000	j	Nigeria OMO Bill		0.000		03/10/20		1,229,109
			TOTAL NIGERIA						1,229,109
UNITED STATES - 3.6%
$	10,125,000		Federal Home Loan Bank (FHLB)		1.500 - 1.595		02/03/20		10,125,000
	11,160,000		United States Treasury Bill		1.471		02/25/20		11,149,980
			TOTAL UNITED STATES						21,274,980
			TOTAL SHORT-TERM INVESTMENTS						26,911,559
			(Cost $26,802,558)
			TOTAL INVESTMENTS - 101.4%						607,261,541
			(Cost $588,550,909)
			OTHER ASSETS & LIABILITIES, NET - (1.4)%						(8,229,130	)
			NET ASSETS - 100.0%					$	599,032,411
			Abbreviation(s):
			ADR    American Depositary Receipt
			ARS    Argentine Peso
			BRL    Brazilian Real
			COP    Colombian Peso

334

TIAA-CREF FUNDS - Emerging Markets Debt Fund

	DOP	Dominican Republic Peso
	EGP	Egyptian Pound
	EUR	Euro
	GHS	Ghanaian Cedi
	IDR	Indonesian Rupiah
	KES	Kenyan Shilling
	KZT	Kazakhstani Tenge
	MXN	Mexican Peso
	NGN	Nigerian Naira
	PEN	Peruvian Sol
	RSD	Serbian Dinar
	RUB	Russian Ruble
	THB	Thai Baht
	UAH	Ukrainian Hryvnia
	UGX	Ugandan Shilling
	ZAR	South African Rand
*	Non-income producing
†	Security is categorized as Level 3 in the fair value hierarchy.
‡	Perpetual security
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 1/31/20, the aggregate value of these securities is $454,079,842 or 75.8% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
j	Zero coupon
o	Payment in Kind Bond

Forward foreign currency contract outstanding as of January 31, 2020 were as follows:

Currency to be purchased	Receive	Currency to be sold	Deliver	Counterparty	Settlement date	Unrealized appreciation (depreciation)
$	2,775,973	EUR	2,493,094	Morgan Stanley Capital Services	03/31/20	$	463

Abbreviation(s):
EUR	Euro

335

TIAA-CREF FUNDS - Emerging Markets Debt Fund

TIAA-CREF FUNDS

EMERGING MARKETS DEBT FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2020

SECTOR	VALUE			% OF NET ASSETS
GOVERNMENT	$	269,548,324			45.0	%
FINANCIALS		57,313,663			9.6
UTILITIES		53,985,169			9.0
ENERGY		49,412,980			8.2
COMMUNICATION SERVICES		42,674,249			7.1
MATERIALS		36,343,735			6.1
INDUSTRIALS		25,763,253			4.3
CONSUMER STAPLES		19,680,686			3.3
REAL ESTATE		9,989,564			1.7
HEALTH CARE		5,810,585			1.0
CONSUMER DISCRETIONARY		5,076,612			0.8
INFORMATION TECHNOLOGY		4,751,162			0.8
SHORT-TERM INVESTMENTS		26,911,559			4.5
OTHER ASSETS & LIABILITIES, NET		(8,229,130	)		(1.4	)
NET ASSETS	$	599,032,411			100.0	%

336

TIAA-CREF FUNDS - International Bond Fund

TIAA-CREF FUNDS

INTERNATIONAL BOND FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited)

January 31, 2020

				REFERENCE				MATURITY
PRINCIPAL			ISSUER	RATE & SPREAD	RATE			DATE	VALUE
BANK LOAN OBLIGATIONS - 1.4%
AUSTRALIA - 0.1%
$	393,259	i	Hamilton HoldCo LLC	LIBOR 3M + 2.000%		3.950	%	01/02/27	$	393,259
			TOTAL AUSTRALIA							393,259
CANADA - 0.1%
	396,833	i	1011778 BC ULC	LIBOR 1M + 1.750%		3.395		11/19/26		396,139
			TOTAL CANADA							396,139
IRELAND - 0.1%
	470,791	i	Avolon TLB Borrower US LLC	LIBOR 1M + 1.750%		3.408		01/15/25		472,429
			TOTAL IRELAND							472,429
LUXEMBOURG - 0.2%
	437,278	i	Ineos US Finance LLC	LIBOR 1M + 2.000%		3.645		03/31/24		436,548
	243,125	i	Vouvray US Finance, LLC	LIBOR 1M + 3.000%		4.645		03/11/24		212,370
			TOTAL LUXEMBOURG							648,918
UNITED STATES - 0.9%
	339,930	i	American Airlines, Inc	LIBOR 1M + 2.000%		3.676		12/14/23		339,457
	429,174	i	Bausch Health Americas, Inc	LIBOR 1M + 3.000%		4.670		06/02/25		430,676
	288,552	i	Change Healthcare Holdings LLC	LIBOR 1M + 2.500%		4.145		03/01/24		288,506
	477,393	i	Dell International LLC	LIBOR 1M + 2.000%		3.650		09/19/25		479,054
	121,875	i	Endo Luxembourg Finance I Co Sarl	LIBOR 1M + 4.250%		5.938		04/29/24		117,305
	246,875	i	HD Supply, Inc	LIBOR 1M + 1.750%		3.395		10/17/23		247,902
	244,002	i	Mallinckrodt International Finance S.A.	LIBOR 3M + 2.750%		4.695		09/24/24		203,803
	492,405	i	Nielsen Finance LLC	LIBOR 1M + 2.000%		3.699		10/04/23		492,637
	449,730	i	Plantronics, Inc	LIBOR 1M + 2.500%		4.145		07/02/25		431,404
	342,624	i	Sabre GLBL, Inc	LIBOR 1M + 2.000%		3.645		02/22/24		343,724
	420,831	i	Samsonite IP Holdings Sarl	LIBOR 1M + 1.750%		3.395		04/25/25		418,500
	332,436	i	Team Health Holdings, Inc	LIBOR 1M + 2.750%		4.395		02/06/24		265,118
			TOTAL UNITED STATES							4,058,086
			TOTAL BANK LOAN OBLIGATIONS							5,968,831
			(Cost $6,133,991)

337

TIAA-CREF FUNDS - International Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
BONDS - 94.5%
CORPORATE BONDS - 18.9%
CANADA - 0.1%
EUR	250,000	g	Fairfax Financial Holdings Ltd		2.750	%	03/29/28	$	308,084
			TOTAL CANADA						308,084
CHILE - 0.6%
$	550,000	g	Banco del Estado de Chile		2.668		01/08/21		550,006
	300,000		Celulosa Arauco y Constitucion S.A.		3.875		11/02/27		305,790
	250,000	g	Celulosa Arauco y Constitucion S.A.		4.250		04/30/29		256,400
	200,000	g	Celulosa Arauco y Constitucion S.A.		4.200		01/29/30		203,940
	425,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.625		08/01/27		452,263
	425,000	g	Embotelladora Andina S.A.		3.950		01/21/50		425,531
	450,000		Enel Chile S.A.		4.875		06/12/28		505,125
	200,000	g	Inversiones CMPC S.A.		3.850		01/13/30		204,500
			TOTAL CHILE						2,903,555
CHINA - 0.4%
	350,000		JD.com, Inc		3.375		01/14/30		358,146
	250,000	g	Tencent Holdings Ltd		3.975		04/11/29		275,963
EUR	700,000	z	Three Gorges Finance II Cayman Islands Ltd		1.300		06/21/24		808,465
$	250,000		Weibo Corp		3.500		07/05/24		258,616
			TOTAL CHINA						1,701,190
COLOMBIA - 0.4%
	350,000		Bancolombia S.A.		3.000		01/29/25		352,103
	300,000		Ecopetrol S.A.		5.375		06/26/26		338,791
	550,000	g	Empresas Publicas de Medellin ESP		4.250		07/18/29		577,913
	300,000	g	Promigas S.A. ESP		3.750		10/16/29		304,128
			TOTAL COLOMBIA						1,572,935
CZECH REPUBLIC - 0.1%
EUR	400,000	z	CEZ AS.		0.875		11/21/22		453,645
			TOTAL CZECH REPUBLIC						453,645
FRANCE - 0.1%
	500,000	g	Altice France S.A.		5.875		02/01/27		613,232
			TOTAL FRANCE						613,232
GERMANY - 0.2%
	750,000	g,o	IHO Verwaltungs GmbH		3.750		09/15/26		859,329
			TOTAL GERMANY						859,329
INDIA - 0.3%
$	575,000	g	Adani Ports & Special Economic Zone Ltd		3.375		07/24/24		588,320
	475,000	g	ICICI Bank Ltd		3.800		12/14/27		499,648
	200,000	z	Indian Railway Finance Corp Ltd		3.730		03/29/24		209,236
	300,000	z	Power Finance Corp Ltd		4.500		06/18/29		314,272
			TOTAL INDIA						1,611,476

338

TIAA-CREF FUNDS - International Bond Fund

				REFERENCE				MATURITY
PRINCIPAL			ISSUER	RATE & SPREAD	RATE			DATE	VALUE
INDONESIA - 0.1%
$	225,000	g	Pelabuhan Indonesia III Persero PT			4.500	%	05/02/23	$	238,124
	200,000	g	Pertamina Persero PT			3.650		07/30/29		208,428
	225,000	g	Perusahaan Listrik Negara PT			4.875		07/17/49		246,656
			TOTAL INDONESIA							693,208
ISRAEL - 0.3%
	300,000	g	Bank Leumi Le-Israel BM			3.275		01/29/31		300,000
	625,000	g	Israel Electric Corp Ltd			4.250		08/14/28		686,612
			TOTAL ISRAEL							986,612
JAPAN - 1.0%
EUR	500,000	z	Mitsubishi UFJ Financial Group, Inc			0.980		10/09/23		573,187
	500,000	z	Mitsubishi UFJ Financial Group, Inc			0.872		09/07/24		572,521
	500,000	z	Sumitomo Mitsui Financial Group, Inc			0.819		07/23/23		569,479
	500,000	z	Takeda Pharmaceutical Co Ltd			0.375		11/21/20		556,057
	1,400,000	z	Takeda Pharmaceutical Co Ltd			1.125		11/21/22		1,602,379
	500,000	z	Takeda Pharmaceutical Co Ltd			3.000		11/21/30		673,881
			TOTAL JAPAN							4,547,504
KAZAKHSTAN - 0.1%
$	475,000	g	KazTransGas JSC			4.375		09/26/27		509,285
			TOTAL KAZAKHSTAN							509,285
KOREA, REPUBLIC OF - 0.3%
	300,000	g,i	KEB Hana Bank	LIBOR 3 M + 0.700%		2.609		10/02/22		301,107
	400,000	g	POSCO			2.500		01/17/25		402,554
EUR	300,000	z	Shinhan Bank Co Ltd			0.250		10/16/24		334,506
			TOTAL KOREA, REPUBLIC OF							1,038,167
LUXEMBOURG - 0.2%
	350,000	g	INEOS Finance plc			2.875		05/01/26		394,669
	500,000	z	ProLogis International Funding II S.A.			2.375		11/14/30		650,873
			TOTAL LUXEMBOURG							1,045,542
MEXICO - 0.5%
$	200,000	g	Grupo Bimbo SAB de C.V.			4.700		11/10/47		223,924
EUR	200,000		Petroleos Mexicanos			1.875		04/21/22		226,862
	400,000	z	Petroleos Mexicanos			3.625		11/24/25		465,380
$	650,000		Petroleos Mexicanos			5.350		02/12/28		659,360
	250,000	g	Sigma Alimentos S.A. de C.V.			4.125		05/02/26		261,878
			TOTAL MEXICO							1,837,404

339

TIAA-CREF FUNDS - International Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
NETHERLANDS - 0.1%
EUR	375,000	g	OCI NV		3.125	%	11/01/24	$	423,213
			TOTAL NETHERLANDS						423,213
PANAMA - 0.1%
$	550,000	g	Banco General S.A.		4.125		08/07/27		582,318
			TOTAL PANAMA						582,318
PERU - 0.1%
	550,000	g	Kallpa Generacion SA		4.125		08/16/27		568,568
			TOTAL PERU						568,568
PORTUGAL - 0.3%
EUR	1,000,000		EDP Finance BV		1.125		02/12/24		1,157,779
			TOTAL PORTUGAL						1,157,779
QATAR - 0.1%
$	300,000	z	QNB Finance Ltd		3.500		03/28/24		311,524
			TOTAL QATAR						311,524
RUSSIA - 0.1%
EUR	400,000	z	Gazprom OAO Via Gaz Capital S.A.		2.500		03/21/26		480,144
			TOTAL RUSSIA						480,144
SAUDI ARABIA - 0.1%
$	250,000	g	SABIC Capital II BV		4.000		10/10/23		263,596
			TOTAL SAUDI ARABIA						263,596
SINGAPORE - 0.2%
EUR	400,000	z	Temasek Financial I Ltd		0.500		11/20/31		457,785
$	200,000	g	United Overseas Bank Ltd		3.750		04/15/29		211,032
			TOTAL SINGAPORE						668,817
SWEDEN - 0.1%
	600,000	g	Stena AB		7.000		02/01/24		615,750
			TOTAL SWEDEN						615,750
SWITZERLAND - 0.5%
EUR	750,000	z	Cloverie plc for Zurich Insurance Co Ltd		1.500		12/15/28		915,245
	600,000	g,z	Credit Suisse Group AG.		1.250		07/17/25		693,942
	325,000		Tyco Electronics Group S.A.		1.100		03/01/23		371,601
			TOTAL SWITZERLAND						1,980,788
THAILAND - 0.1%
$	500,000	g	Bangkok Bank PCL		3.733		09/25/34		520,316
			TOTAL THAILAND						520,316

340

TIAA-CREF FUNDS - International Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
UNITED ARAB EMIRATES - 0.2%
$	200,000	g	ADCB Finance Cayman Ltd		4.000	%	03/29/23	$	209,094
	400,000	g	DP World Ltd		5.625		09/25/48		474,309
			TOTAL UNITED ARAB EMIRATES						683,403
UNITED KINGDOM - 1.4%
GBP	1,050,000		BAE Systems plc		4.125		06/08/22		1,483,301
EUR	500,000	z	Barclays plc		0.625		11/14/23		561,311
	1,000,000	z	Coca-Cola European Partners plc		1.500		11/08/27		1,211,278
GBP	750,000		HSBC Holdings plc		2.175		06/27/23		1,008,689
EUR	750,000		RELX Capital, Inc		1.300		05/12/25		882,407
	750,000	g	Virgin Media Finance plc		4.500		01/15/25		850,606
			TOTAL UNITED KINGDOM						5,997,592
UNITED STATES - 10.8%
	200,000	z	Abbott Ireland Financing DAC		0.010		09/27/20		222,092
	500,000	z	Abbott Ireland Financing DAC		0.875		09/27/23		572,640
	500,000	z	Abbott Ireland Financing DAC		1.500		09/27/26		602,104
	700,000	g	Adient Global Holdings Ltd		3.500		08/15/24		745,647
JPY	100,000,000		Aflac, Inc		1.122		12/16/39		930,261
EUR	1,200,000		Allergan Funding SCS		1.250		06/01/24		1,396,208
	150,000		Allergan Funding SCS		2.625		11/15/28		195,918
GBP	575,000		AMC Entertainment Holdings, Inc		6.375		11/15/24		720,336
EUR	200,000		American International Group, Inc		1.500		06/08/23		231,332
	300,000		American Tower Corp		1.375		04/04/25		350,625
	600,000		American Tower Corp		1.950		05/22/26		726,282
	1,000,000	z	Amphenol Technologies Holding GmbH		2.000		10/08/28		1,253,499
	600,000		Aon plc		2.875		05/14/26		760,096
	1,125,000		Apple, Inc		1.375		05/24/29		1,393,485
	300,000	g	Ashland Services BV		2.000		01/30/28		332,788
	700,000		AT&T, Inc		1.300		09/05/23		808,372
	500,000		AT&T, Inc		2.350		09/05/29		635,498
$	500,000		AXA Equitable Holdings, Inc		5.000		04/20/48		575,344
EUR	700,000	g	Axalta Coating Systems Dutch Holding B BV		3.750		01/15/25		788,432
	575,000		Ball Corp		0.875		03/15/24		637,748
	500,000		Bank of America Corp		1.375		03/26/25		590,240
	500,000	z	Bank of America Corp		1.662		04/25/28		602,846
	430,000		Becton Dickinson & Co		1.401		05/24/23		497,185
	270,000		Becton Dickinson & Co		1.401		05/24/23		312,186
	670,000		Becton Dickinson & Co		1.900		12/15/26		809,756
	600,000		Bristol-Myers Squibb Co		1.000		05/15/25		706,256
	100,000		Capital One Financial Corp		0.800		06/12/24		113,621
	350,000		Chubb INA Holdings, Inc		0.875		06/15/27		402,375
	750,000		Chubb INA Holdings, Inc		1.550		03/15/28		901,362
	350,000		Chubb INA Holdings, Inc		1.400		06/15/31		416,004
	500,000	z	Citigroup, Inc		1.500		07/24/26		589,268
	900,000		DH Europe Finance Sarl		1.200		06/30/27		1,068,243

341

TIAA-CREF FUNDS - International Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
EUR	250,000		Digital Euro Finco LLC		2.625	%	04/15/24	$	303,311
	600,000		Digital Euro Finco LLC		2.500		01/16/26		736,556
GBP	100,000	z	Digital Stout Holding LLC		2.750		07/19/24		139,267
	200,000		Discovery Communications LLC		2.500		09/20/24		273,406
$	1,075,000		Enable Midstream Partners LP		4.150		09/15/29		1,050,369
	1,155,000		Energy Transfer Operating LP		5.250		04/15/29		1,314,184
EUR	400,000		FedEx Corp		1.000		01/11/23		455,331
	500,000		FedEx Corp		1.625		01/11/27		591,490
GBP	150,000		Fidelity National Information Services, Inc		1.700		06/30/22		201,076
EUR	375,000		Fidelity National Information Services, Inc		1.100		07/15/24		433,298
	775,000	z	Goldman Sachs Group, Inc		1.375		05/15/24		893,118
$	100,000	g	Hyundai Capital America		2.850		11/01/22		101,826
	500,000	g	Hyundai Capital America		2.750		09/27/26		501,161
EUR	750,000		Illinois Tool Works, Inc		1.250		05/22/23		868,821
	500,000	g	International Game Technology plc		2.375		04/15/28		543,945
	550,000	g	Iron Mountain, Inc		3.000		01/15/25		616,839
$	500,000	g	James Hardie International Finance DAC		4.750		01/15/25		515,000
EUR	500,000	z	JPMorgan Chase & Co		1.638		05/18/28		603,764
	650,000		Liberty Mutual Group, Inc		2.750		05/04/26		812,007
	450,000	g	Liberty Mutual Group, Inc		2.750		05/04/26		562,158
	500,000		McDonald’s Corp		0.900		06/15/26		579,090
$	600,000		MGM Resorts International		4.625		09/01/26		629,463
EUR	670,000		Morgan Stanley		1.342		10/23/26		784,745
GBP	175,000	z	New York Life Global Funding		1.750		12/15/22		236,060
EUR	650,000	g	OI European Group BV		3.125		11/15/24		757,229
	800,000		Parker-Hannifin Corp		1.125		03/01/25		929,950
	540,000	h	ProLogis Euro Finance LLC		0.375		02/06/28		600,085
	500,000		ProLogis LP		3.000		06/02/26		651,012
	500,000	g	Scientific Games International, Inc		3.375		02/15/26		564,107
	750,000		Silgan Holdings, Inc		3.250		03/15/25		842,574
	500,000		Stryker Corp		2.125		11/30/27		630,324
	450,000		Stryker Corp		2.625		11/30/30		598,835
	1,100,000		SYSCO Corp		1.250		06/23/23		1,268,994
	700,000		The Procter & Gamble Company		0.625		10/30/24		807,151
	500,000		The Procter & Gamble Company		1.875		10/30/38		694,466
	150,000		Thermo Fisher Scientific, Inc		1.400		01/23/26		177,767
	200,000		Thermo Fisher Scientific, Inc		1.400		01/23/26		237,023
	1,100,000		United Technologies Corp		1.150		05/18/24		1,272,229
	200,000		Verizon Communications, Inc		0.500		06/02/22		225,047
	400,000		Verizon Communications, Inc		1.375		10/27/26		478,048
	400,000		Verizon Communications, Inc		1.875		10/26/29		502,297
	600,000		Walmart, Inc		2.550		04/08/26		773,224
			TOTAL UNITED STATES						46,644,696
			TOTAL CORPORATE BONDS						81,579,672
			(Cost $78,905,857)

342

TIAA-CREF FUNDS - International Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
GOVERNMENT BONDS -  75.6%
ANGOLA - 0.3%
$	1,100,000	g	Angolan Government International Bond		8.000	%	11/26/29	$	1,164,520
			TOTAL ANGOLA						1,164,520
ARGENTINA - 0.1%
	635,000	†	Argentina Republic Government International Bond		5.625		01/26/22		312,420
			TOTAL ARGENTINA						312,420
AUSTRALIA - 1.4%
AUD	1,000,000		Australia Government International Bond		2.250		05/21/28		742,743
	3,300,000		Australia Government International Bond		3.000		03/21/47		2,936,278
	1,050,000	z	Treasury Corp of Victoria		2.500		10/22/29		777,357
	1,715,000		Western Australian Treasury Corp		2.750		07/24/29		1,288,718
			TOTAL AUSTRALIA						5,745,096
AUSTRIA - 0.5%
EUR	1,725,000	g	Republic of Austria Government International Bond		0.750		02/20/28		2,085,094
			TOTAL AUSTRIA						2,085,094
BELGIUM - 1.0%
	1,950,000	g	Kingdom of Belgium Government International Bond		0.900		06/22/29		2,388,501
	875,000		Kingdom of Belgium Government International Bond		1.250		04/22/33		1,127,976
	630,000	g,z	Kingdom of Belgium Government International Bond		1.700		06/22/50		909,617
			TOTAL BELGIUM						4,426,094
BERMUDA - 0.3%
$	950,000	g	Bermuda Government International Bond		4.750		02/15/29		1,092,500
			TOTAL BERMUDA						1,092,500
BRAZIL - 0.4%
BRL	6,630,000		Brazil Notas do Tesouro Nacional Serie F		10.000		01/01/29		1,877,067
			TOTAL BRAZIL						1,877,067
CANADA - 3.7%
CAD	1,700,000	g	Canada Housing Trust No 1		2.550		12/15/23		1,333,821
	6,160,000		Canadian Government International Bond		1.750		08/01/20		4,658,867
	1,550,000		Canadian Government International Bond		2.250		06/01/29		1,271,787
	1,300,000		Canadian Government International Bond		5.000		06/01/37		1,529,823
	1,650,000		Canadian Government International Bond		2.750		12/01/48		1,638,492
	1,350,000		Hydro-Quebec		4.000		02/15/55		1,481,991
	2,600,000		Province of British Columbia Canada		2.550		06/18/27		2,066,542
	1,600,000		Province of New Brunswick Canada		3.100		08/14/28		1,313,538
	1,000,000		Province of Quebec Canada		2.750		09/01/27		803,567
			TOTAL CANADA						16,098,428
COTE D’IVOIRE - 0.6%
EUR	1,000,000	g	Ivory Coast Government International Bond		5.875		10/17/31		1,174,865

343

TIAA-CREF FUNDS - International Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
EUR	1,000,000	g	Ivory Coast Government International Bond		6.625	%	03/22/48	$	1,129,391
			TOTAL COTE D’IVOIRE						2,304,256
CROATIA - 0.3%
	1,100,000	z	Croatia Government International Bond		1.125		06/19/29		1,270,613
			TOTAL CROATIA						1,270,613
CYPRUS - 1.1%
	300,000		Cyprus Government International Bond		2.750		06/27/24		373,216
	1,300,000	z	Cyprus Government International Bond		2.375		09/25/28		1,684,416
	1,100,000	z	Cyprus Government International Bond		0.625		01/21/30		1,230,754
	575,000	z	Cyprus Government International Bond		2.750		02/26/34		801,290
	500,000	z	Cyprus Government International Bond		2.750		05/03/49		740,938
			TOTAL CYPRUS						4,830,614
CZECH REPUBLIC - 0.3%
CZK	30,000,000		Czech Republic Government International Bond		0.450		10/25/23		1,263,961
			TOTAL CZECH REPUBLIC						1,263,961
DOMINICAN REPUBLIC - 0.2%
DOP	48,650,000	g	Dominican Republic Government International Bond		8.900		02/15/23		911,595
			TOTAL DOMINICAN REPUBLIC						911,595
ECUADOR - 0.2%
$	1,250,000	g	Ecuador Government International Bond		7.875		03/27/25		1,068,750
			TOTAL ECUADOR						1,068,750
EGYPT - 1.0%
	550,000	g	Egypt Government International Bond		5.577		02/21/23		577,872
	500,000	g	Egypt Government International Bond		4.550		11/20/23		514,071
EGP	16,250,000		Egypt Government International Bond		15.900		07/02/24		1,097,097
EUR	900,000	g	Egypt Government International Bond		6.375		04/11/31		1,085,507
$	300,000	g	Egypt Government International Bond		7.053		01/15/32		319,733
	675,000	g	Egypt Government International Bond		8.500		01/31/47		772,242
			TOTAL EGYPT						4,366,522
FRANCE - 3.7%
EUR	400,000		Caisse d’Amortissement de la Dette Sociale		1.375		11/25/24		482,148
	4,500,000		French Republic Government Bond OAT		0.500		05/25/25		5,264,193
	3,775,000		French Republic Government Bond OAT		0.750		11/25/28		4,570,930
	1,250,000		French Republic Government Bond OAT		1.250		05/25/34		1,620,286
	1,850,000	g	French Republic Government Bond OAT		2.000		05/25/48		2,834,928
	875,000	g	French Republic Government Bond OAT		0.750		05/25/52		1,000,346
			TOTAL FRANCE						15,772,831

344

TIAA-CREF FUNDS - International Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
GERMANY - 0.6%
EUR	2,225,000	j	Bundesrepublik Deutschland Bundesanleihe		0.000	%	08/15/50	$	2,432,408
			TOTAL GERMANY						2,432,408
GHANA - 0.4%
$	825,000	g	Ghana Government International Bond		8.125		03/26/32		846,660
	1,000,000	g	Ghana Government International Bond		8.627		06/16/49		1,002,284
			TOTAL GHANA						1,848,944
GREECE - 2.3%
EUR	1,200,000	g	Hellenic Republic Government International Bond		3.450		04/02/24		1,501,639
	5,425,000	g	Hellenic Republic Government International Bond		1.875		07/23/26		6,444,339
	1,300,000	g	Hellenic Republic Government International Bond		3.875		03/12/29		1,777,894
			TOTAL GREECE						9,723,872
GUATEMALA - 0.2%
$	775,000	g	Guatemala Government International Bond		6.125		06/01/50		919,925
			TOTAL GUATEMALA						919,925
HUNGARY - 0.6%
HUF	745,000,000		Hungary Government International Bond		1.750		10/26/22		2,534,071
			TOTAL HUNGARY						2,534,071
INDIA - 0.1%
$	400,000		Export-Import Bank of India		3.875		03/12/24		421,110
			TOTAL INDIA						421,110
INDONESIA - 1.0%
IDR	13,000,000,000		Indonesia Treasury Bond		8.125		05/15/24		1,029,328
	22,800,000,000		Indonesia Treasury Bond		7.500		05/15/38		1,665,804
$	1,700,000	g	Perusahaan Penerbit SBSN Indonesia III		3.900		08/20/24		1,810,058
			TOTAL INDONESIA						4,505,190
ISRAEL - 1.2%
ILS	5,250,000		Israel Government International Bond		5.500		01/31/42		2,644,015
	3,200,000		Israel Government International Bond		3.750		03/31/47		1,320,001
	1,250,000		State of Israel		2.500		01/15/30		1,284,751
			TOTAL ISRAEL						5,248,767
ITALY - 5.1%
EUR	3,300,000		Italy Buoni Poliennali Del Tesoro		0.050		04/15/21		3,674,489
	5,525,000		Italy Buoni Poliennali Del Tesoro		2.450		10/01/23		6,648,145
	3,950,000		Italy Buoni Poliennali Del Tesoro		1.250		12/01/26		4,588,481
	1,575,000	g	Italy Buoni Poliennali Del Tesoro		2.950		09/01/38		2,131,113
	900,000	g	Italy Buoni Poliennali Del Tesoro		3.450		03/01/48		1,335,597
	1,050,000	g	Italy Buoni Poliennali Del Tesoro		3.850		09/01/49		1,665,349
$	1,000,000		Republic of Italy Government International Bond		2.375		10/17/24		998,177
	1,000,000		Republic of Italy Government International Bond		4.000		10/17/49		1,015,442
			TOTAL ITALY						22,056,793

345

TIAA-CREF FUNDS - International Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
JAPAN - 15.1%
JPY	13,000,000		Japan Finance Organization for Municipalities		0.440	%	08/15/25	$	123,131
	21,000,000		Japan Finance Organization for Municipalities		0.320		01/19/26		197,902
	30,000,000		Japan Finance Organization for Municipalities		0.145		02/16/26		279,842
	14,000,000		Japan Finance Organization for Municipalities		0.020		05/22/26		129,626
	119,600,000		Japan Government Five Year Bond		0.100		06/20/20		1,104,752
	628,000,000		Japan Government Five Year Bond		0.100		06/20/23		5,851,558
	650,450,000		Japan Government Ten Year Bond		0.100		09/20/26		6,116,347
	557,000,000		Japan Government Ten Year Bond		0.100		06/20/28		5,241,979
	335,000,000		Japan Government Ten Year Bond		0.100		06/20/29		3,148,978
	322,000,000		Japan Government Ten Year Bond		0.100		09/20/29		3,025,352
	325,000,000		Japan Government Ten Year Bond		0.100		12/20/29		3,052,887
	525,950,000		Japan Government Thirty Year Bond		2.500		09/20/34		6,563,860
	457,700,000		Japan Government Thirty Year Bond		0.500		09/20/46		4,425,264
	249,600,000		Japan Government Twenty Year Bond		1.900		03/22/21		2,356,985
	340,000,000		Japan Government Twenty Year Bond		2.100		03/20/26		3,579,403
	229,000,000		Japan Government Twenty Year Bond		1.800		09/20/31		2,562,218
	117,000,000		Japan Government Twenty Year Bond		1.700		03/20/32		1,302,934
	278,000,000		Japan Government Twenty Year Bond		0.600		12/20/36		2,760,555
	256,000,000		Japan Government Twenty Year Bond		0.500		06/20/38		2,494,695
	660,000,000		Japan Government Twenty Year Bond		0.700		09/20/38		6,657,221
	510,000,000		Japan Government Twenty Year Bond		0.300		06/20/39		4,783,990
			TOTAL JAPAN						65,759,479
KAZAKHSTAN - 0.3%
EUR	1,250,000	g	Kazakhstan Government International Bond		1.500		09/30/34		1,437,564
			TOTAL KAZAKHSTAN						1,437,564
KENYA - 0.3%
$	1,200,000	g	Kenya Government International Bond		7.000		05/22/27		1,276,007
			TOTAL KENYA						1,276,007
KOREA, REPUBLIC OF - 3.6%
	500,000		Export-Import Bank of Korea		3.000		11/01/22		516,849
	500,000	g	Korea Housing Finance Corp		2.000		10/11/21		500,925
KRW	5,764,500,000		Korea Treasury Bond		1.375		09/10/21		4,841,247
	2,220,000,000		Korea Treasury Bond		2.250		09/10/23		1,919,266
	1,800,000,000		Korea Treasury Bond		1.500		12/10/26		1,510,502
	2,655,000,000		Korea Treasury Bond		2.625		06/10/28		2,412,605
	1,600,000,000		Korea Treasury Bond		2.375		12/10/28		1,433,087
	2,815,000,000		Korea Treasury Bond		2.375		09/10/38		2,651,800
			TOTAL KOREA, REPUBLIC OF						15,786,281
LATVIA - 0.4%
EUR	1,100,000	z	Latvia Government International Bond		1.875		02/19/49		1,550,581
			TOTAL LATVIA						1,550,581

346

TIAA-CREF FUNDS - International Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
LEBANON - 0.1%
$	1,400,000	z	Lebanon Government International Bond		6.850	%	03/23/27	$	515,750
			TOTAL LEBANON						515,750
LITHUANIA - 0.3%
EUR	1,100,000	z	Republic of Lithuania		0.500		06/19/29		1,271,386
			TOTAL LITHUANIA						1,271,386
MALAYSIA - 0.6%
MYR	8,200,000		Malaysia Government International Bond		4.893		06/08/38		2,387,888
			TOTAL MALAYSIA						2,387,888
MEXICO - 0.8%
MXN	23,500,000		Mexican Bonos		5.750		03/05/26		1,190,988
	13,800,000		Mexican Bonos		7.750		05/29/31		790,176
$	1,300,000		Mexico Government International Bond		3.250		04/16/30		1,322,750
			TOTAL MEXICO						3,303,914
MOROCCO - 0.3%
EUR	1,100,000	g	Morocco Government International Bond		1.500		11/27/31		1,230,704
			TOTAL MOROCCO						1,230,704
NETHERLANDS - 0.6%
	2,075,000	g	Netherlands Government International Bond		0.750		07/15/28		2,532,750
			TOTAL NETHERLANDS						2,532,750
NEW ZEALAND - 0.8%
NZD	1,800,000		New Zealand Government International Bond		2.750		04/15/25		1,262,530
	1,700,000		New Zealand Government International Bond		3.000		04/20/29		1,263,575
	1,100,000		New Zealand Government International Bond		2.750		04/15/37		829,325
			TOTAL NEW ZEALAND						3,355,430
NIGERIA - 0.3%
$	1,325,000	g	Nigeria Government International Bond		6.500		11/28/27		1,364,533
			TOTAL NIGERIA						1,364,533
NORWAY - 0.8%
NOK	14,000,000	z	Kommunalbanken AS.		1.750		10/15/29		1,505,891
	16,900,000	g	Norway Government International Bond		1.750		09/06/29		1,909,689
			TOTAL NORWAY						3,415,580

347

TIAA-CREF FUNDS - International Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
PANAMA - 0.2%
$	1,000,000	g	Panama Notas del Tesoro		3.750	%	04/17/26	$	1,061,000
			TOTAL PANAMA						1,061,000
PARAGUAY - 0.3%
	925,000	g	Paraguay Government International Bond		5.400		03/30/50		1,083,416
			TOTAL PARAGUAY						1,083,416
PERU - 0.6%
PEN	8,300,000	g	Peruvian Government International Bond		5.400		08/12/34		2,635,706
			TOTAL PERU						2,635,706
PHILIPPINES - 0.5%
PHP	40,000,000		Philippine Government International Bond		3.900		11/26/22		783,455
EUR	1,350,000	h	Philippine Government International Bond		0.700		02/03/29		1,499,811
			TOTAL PHILIPPINES						2,283,266
POLAND - 1.3%
PLN	4,750,000		Republic of Poland Government International Bond		2.250		04/25/22		1,243,657
	8,810,000		Republic of Poland Government International Bond		2.500		04/25/24		2,340,607
	7,745,000		Republic of Poland Government International Bond		2.750		04/25/28		2,087,287
			TOTAL POLAND						5,671,551
PORTUGAL - 1.1%
EUR	1,800,000	g	Portugal Obrigacoes do Tesouro OT		1.950		06/15/29		2,330,780
	1,300,000	g	Portugal Obrigacoes do Tesouro OT		0.475		10/18/30		1,476,261
	575,000	g	Portugal Obrigacoes do Tesouro OT		4.100		02/15/45		1,065,067
			TOTAL PORTUGAL						4,872,108
REPUBLIC OF SERBIA - 0.8%
	1,700,000	g	Serbia Government International Bond		1.500		06/26/29		1,938,421
RSD	120,000,000		Serbia Treasury Bonds		5.875		02/08/28		1,356,672
			TOTAL REPUBLIC OF SERBIA						3,295,093
ROMANIA - 0.2%
EUR	800,000	g	Romanian Government International Bond		2.000		01/28/32		914,096
			TOTAL ROMANIA						914,096
SAUDI ARABIA - 0.8%
$	750,000	g,h	Saudi Government International Bond		2.500		02/03/27		754,399
	2,000,000	g	Saudi Government International Bond		4.500		04/17/30		2,329,000
	500,000	g,h	Saudi Government International Bond		3.750		01/21/55		510,332
			TOTAL SAUDI ARABIA						3,593,731
SENEGAL - 0.3%
EUR	1,000,000	g	Senegal Government International Bond		4.750		03/13/28		1,181,624
			TOTAL SENEGAL						1,181,624

348

TIAA-CREF FUNDS - International Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
SINGAPORE - 0.2%
SGD	1,300,000		Singapore Government International Bond		2.625	%	05/01/28	$	1,032,057
			TOTAL SINGAPORE						1,032,057
SLOVENIA - 0.3%
EUR	1,100,000	z	Slovenia Government International Bond		0.275		01/14/30		1,246,626
			TOTAL SLOVENIA						1,246,626
SOUTH AFRICA - 0.5%
ZAR	10,700,000		South Africa Government International Bond		10.500		12/21/26		803,813
	16,500,000		South Africa Government International Bond		7.000		02/28/31		932,920
	7,800,000		South Africa Government International Bond		8.750		01/31/44		455,167
			TOTAL SOUTH AFRICA						2,191,900
SPAIN - 3.8%
EUR	1,100,000	z	Autonomous Community of Madrid Spain		1.571		04/30/29		1,356,847
	2,985,000		Spain Government International Bond		0.400		04/30/22		3,371,948
	4,600,000	g	Spain Government International Bond		2.750		10/31/24		5,824,427
	1,095,000	g	Spain Government International Bond		1.400		07/30/28		1,345,862
	1,525,000	g	Spain Government International Bond		0.600		10/31/29		1,753,538
	1,100,000	g	Spain Government International Bond		1.850		07/30/35		1,439,093
	725,000	g	Spain Government International Bond		2.700		10/31/48		1,114,977
			TOTAL SPAIN						16,206,692
SRI LANKA - 0.2%
$	1,000,000	g	Sri Lanka Government International Bond		6.850		03/14/24		1,021,494
			TOTAL SRI LANKA						1,021,494
SUPRANATIONAL - 2.5%
	750,000	z	African Export-Import Bank		5.250		10/11/23		815,907
NOK	9,000,000		Asian Development Bank		1.683		01/16/24		980,566
$	1,250,000	g	Banque Ouest Africaine de Developpement		4.700		10/22/31		1,309,904
EUR	825,000		European Stability Mechanism		1.000		09/23/25		987,183
AUD	2,150,000		Inter-American Development Bank		4.750		08/27/24		1,676,530
NZD	1,577,000		International Bank for Reconstruction & Development		3.375		01/25/22		1,059,296
AUD	4,100,000		International Bank for Reconstruction & Development		2.200		02/27/24		2,873,259
CAD	1,600,000		International Bank for Reconstruction & Development		1.900		01/16/25		1,223,781
			TOTAL SUPRANATIONAL						10,926,426
SWEDEN - 0.6%
SEK	6,750,000		Kommuninvest I Sverige AB		1.000		05/12/25		725,240
	11,605,000		Sweden Government International Bond		2.250		06/01/32		1,518,117
			TOTAL SWEDEN						2,243,357

349

TIAA-CREF FUNDS - International Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
THAILAND - 1.4%
THB	29,000,000		Thailand Government International Bond		3.650	%	12/17/21	$	974,497
	60,500,000		Thailand Government International Bond		2.400		12/17/23		2,034,342
	79,700,000		Thailand Government International Bond		3.300		06/17/38		3,205,387
			TOTAL THAILAND						6,214,226
UKRAINE - 1.1%
UAH	31,000,000		Ukraine Government International Bond		17.000		05/11/22		1,391,335
EUR	1,000,000	g	Ukraine Government International Bond		6.750		06/20/26		1,285,238
	1,725,000	g	Ukraine Government International Bond		4.375		01/27/30		1,899,128
			TOTAL UKRAINE						4,575,701
UNITED ARAB EMIRATES - 0.6%
$	1,250,000	g	Abu Dhabi Government International Bond		2.500		09/30/29		1,269,151
	1,350,000	g	Abu Dhabi Government International Bond		3.125		09/30/49		1,351,454
			TOTAL UNITED ARAB EMIRATES						2,620,605
UNITED KINGDOM - 5.7%
GBP	5,875,000		United Kingdom Gilt		0.500		07/22/22		7,773,597
	2,425,000		United Kingdom Gilt		1.625		10/22/28		3,523,851
	1,230,000		United Kingdom Gilt		4.750		12/07/30		2,344,249
	3,350,000		United Kingdom Gilt		1.750		09/07/37		5,024,057
	3,035,000		United Kingdom Gilt		1.500		07/22/47		4,464,431
	975,000		United Kingdom Gilt		1.625		10/22/54		1,533,520
			TOTAL UNITED KINGDOM						24,663,705
UNITED STATES - 1.2%
$	5,000,000		United States Treasury Note		2.500		01/31/21		5,048,438
			TOTAL UNITED STATES						5,048,438
URUGUAY - 0.1%
UYU	21,800,000	g	Uruguay Government International Bond		8.500		03/15/28		512,548
			TOTAL URUGUAY						512,548
UZBEKISTAN - 0.4%
$	1,450,000	g	Republic of Uzbekistan Government International Bond		4.750		02/20/24		1,540,343
			TOTAL UZBEKISTAN						1,540,343
			TOTAL GOVERNMENT BONDS						326,104,997
			(Cost $312,597,934)
			TOTAL BONDS						407,684,669
			(Cost $391,503,791)

350

TIAA-CREF FUNDS - International Bond Fund

							MATURITY
PRINCIPAL			ISSUER	RATE			DATE	VALUE
SHORT-TERM INVESTMENTS - 4.6%
EGYPT - 1.4%
EGP	25,000,000	j	Egypt Treasury Bill		0.000	%	02/11/20	$	1,577,850
	34,350,000	j	Egypt Treasury Bill		0.000		03/03/20		2,151,941
	17,200,000	j	Egypt Treasury Bill		0.000		04/28/20		1,053,778
	19,525,000	j	Egypt Treasury Bill		0.000		05/12/20		1,189,684
			TOTAL EGYPT						5,973,253
NIGERIA - 0.2%
NGN	271,220,000	j	Nigeria OMO Bill		0.000		03/10/20		737,487
			TOTAL NIGERIA						737,487
UNITED STATES - 3.0%
$	7,415,000		Federal Home Loan Bank (FHLB)		1.500 - 1.595		02/03/20		7,415,000
	5,730,000		United States Treasury Bill		1.477		02/18/20		5,726,494
			TOTAL UNITED STATES						13,141,494
			TOTAL SHORT-TERM INVESTMENTS						19,852,234
			(Cost $19,509,328)
			TOTAL INVESTMENTS - 100.5%						433,505,734
			(Cost $417,147,110)
			OTHER ASSETS & LIABILITIES, NET - (0.5)%						(2,248,542	)
			NET ASSETS - 100.0%					$	431,257,192

Abbreviation(s):
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CZK	Czechoslovak Koruna
DOP	Dominican Republic Peso
EGP	Egyptian Pound
EUR	Euro
GBP	Pound Sterling
HUF	Hungarian Forint
IDR	Indonesian Rupiah
ILS	Israeli New Shekel
JPY	Japanese Yen
KRW	South Korean Won
LIBOR	London Interbank Offered Rate
M	Month
MXN	Mexican Peso

351

TIAA-CREF FUNDS - International Bond Fund

	MYR	Malaysian Ringgit
	NGN	Nigerian Naira
	NOK	Norwegian Krone
	NZD	New Zealand Dollar
	PEN	Peruvian Sol
	PHP	Philippine Peso
	PLN	Polish Zloty
	RSD	Serbian Dinar
	SEK	Swedish Krona
	SGD	Singapore Dollar
	THB	Thai Baht
	UAH	Ukrainian Hryvnia
	UYU	Uruguayan Peso
	ZAR	South African Rand
†	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 1/31/20, the aggregate value of these securities is $110,332,012 or 25.6% 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.
j	Zero coupon
o	Payment in Kind Bond
z	All or a portion of this security is owned by TIAA-CREF International Bond Offshore Limited which is a 100% owned subsidiary of the fund.

Forward foreign currency contracts outstanding as of January 31, 2020 were as follows:

Currency to be purchased	Receive	Currency to be sold	Deliver	Counterparty	Settlement date	Unrealized appreciation (depreciation)
$	1,450,727	EUR	1,303,594	Australia and New Zealand Banking Group	03/31/20	$	(538	)
$	1,831,151	EUR	1,654,176	Australia and New Zealand Banking Group	03/31/20		(10,409	)
$	950,046	EUR	858,778	Australia and New Zealand Banking Group	03/31/20		(6,015	)
$	1,039,394	SGD	1,411,609	Australia and New Zealand Banking Group	02/28/20		4,907
EUR	1,343,912	$	1,490,375	Australia and New Zealand Banking Group	02/03/20		360
EUR	885,338	$	976,067	Australia and New Zealand Banking Group	02/04/20		6,055
Total						$	(5,640	)

352

TIAA-CREF FUNDS - International Bond Fund

Currency to be purchased	Receive	Currency to be sold	Deliver	Counterparty	Settlement date	Unrealized appreciation (depreciation)
$	17,459,011	CAD	23,015,761	Bank of America	03/31/20	$	68,151
$	2,053	EUR	1,843	Bank of America	03/31/20		1
$	15,000,951	KRW	17,495,009,663	Bank of America	03/31/20		360,102
$	4,434,799	NOK	40,429,477	Bank of America	03/31/20		38,193
$	4,457,678	NZD	6,815,271	Bank of America	03/31/20		48,744
$	2,254,946	SEK	21,654,979	Bank of America	03/31/20		(1,061	)
Total						$	514,130
$	8,250,515	AUD	12,197,705	Citibank, N.A.	03/31/20	$	76,101
$	6,012	EUR	5,442	Citibank, N.A.	03/31/20		(47	)
$	28,615,371	GBP	21,990,578	Citibank, N.A.	03/31/20		(471,342	)
$	57,654,028	JPY	6,267,172,097	Citibank, N.A.	03/31/20		(380,529	)
$	4,316,513	PLN	16,731,795	Citibank, N.A.	02/28/20		(2,453	)
$	569,209	ZAR	8,341,585	Citibank, N.A.	02/28/20		15,407
Total						$	(762,863	)
$	861,768	EUR	773,951	Morgan Stanley	03/31/20	$	144
$	149,445,368	EUR	135,227,054	Morgan Stanley	03/31/20		(1,100,141	)
$	1,258,952	HUF	385,832,675	Morgan Stanley	02/28/20		(10,692	)
$	4,008,813	ILS	13,826,797	Morgan Stanley	02/28/20		(2,470	)
$	3,135,150	THB	96,902,792	Morgan Stanley	02/28/20		24,636
Total						$	(1,088,523	)
Total						$	(1,342,896	)

Abbreviation(s):
AUD	Australian Dollar
CAD	Canadian Dollar
EUR	Euro
GBP	Pound Sterling
HUF	Hungarian Forint
ILS	Israeli New Shekel
JPY	Japanese Yen
KRW	South Korean Won
NOK	Norwegian Krone
NZD	New Zealand Dollar
PLN	Polish Zloty
SEK	Swedish Krona
SGD	Singapore Dollar
THB	Thai Baht
ZAR	South African Rand

353

TIAA-CREF FUNDS - International Bond Fund

TIAA-CREF FUNDS

INTERNATIONAL BOND FUND

CONSOLIDATED SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

January 31, 2020

SECTOR	VALUE			% OF NET ASSETS
GOVERNMENT	$	326,104,997			75.6	%
FINANCIALS		20,890,245			4.8
HEALTH CARE		12,164,262			2.8
INDUSTRIALS		10,905,500			2.5
COMMUNICATION SERVICES		7,382,092			1.7
MATERIALS		6,884,456			1.6
CONSUMER DISCRETIONARY		6,718,478			1.6
INFORMATION TECHNOLOGY		5,485,054			1.3
ENERGY		4,743,518			1.1
CONSUMER STAPLES		4,631,344			1.1
REAL ESTATE		4,158,011			1.0
UTILITIES		3,585,543			0.8
SHORT-TERM INVESTMENTS		19,852,234			4.6
OTHER ASSETS & LIABILITIES, NET		(2,248,542	)		(0.5	)
NET ASSETS	$	431,257,192			100.0	%

354

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

Organization and significant accounting policies

Part F of Form N-PORT was prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“Commission”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report. For a full set of financial statement notes, please refer to the most recently filed annual or semiannual report.

Valuation of investments

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

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

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

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

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

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

For the period ended January 31, 2020, the Emerging Markets Debt Fund had material transfers from Level 2 to Level 3 as a result of various market related factors.

The following table summarizes the market value of the Funds’ investments as of January 31, 2020, based on the inputs used to value them:

Fund	Level 1			Level 2		Level 3		Total
Growth & Income
Equity investments:
Communication services	$	686,042,754		$	9,858,898	$	—	$	695,901,652
Consumer discretionary		562,895,657			22,031,810		—		584,927,467
Consumer staples		488,843,806			33,167,014		—		522,010,820
Health care		880,022,238			132,007,167		—		1,012,029,405
Industrials		585,430,496			17,141,160		—		602,571,656
Information technology		1,664,072,998			21,568,417		—		1,685,641,415
All other equity investments*		1,546,428,139			—		—		1,546,428,139
Short-term investments		51,315,298			8,886,660		—		60,201,958
Purchased options**		54,800			—		—		54,800
Written options**		(9,125,762	)		—		—		(9,125,762	)
Total	$	6,455,980,424		$	244,661,126	$	—	$	6,700,641,550
Large-Cap Growth
Equity investments:
Communication services	$	747,798,026		$	57,762,480	$	—	$	805,560,506
Consumer discretionary		875,733,172			67,525,103		—		943,258,275
Health care		811,475,066			224,250,764		—		1,035,725,830
Industrials		307,812,655			43,555,582		—		351,368,237
Information technology		2,415,418,090			70,926,747		—		2,486,344,837
All other equity investments*		300,984,885			—		—		300,984,885
Short-term investments		—			51,150,158		—		51,150,158
Written options**		(96,186	)		—		—		(96,186	)
Total	$	5,459,125,708		$	515,170,834	$	—	$	5,974,296,542

355

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

Fund	Level 1			Level 2		Level 3		Total
Large-Cap Value
Equity investments*	$	5,467,845,070		$	—	$	—	$	5,467,845,070
Short-term investments		—			25,090,000		—		25,090,000
Total	$	5,467,845,070		$	25,090,000	$	—	$	5,492,935,070
Mid-Cap Growth
Equity investments:
Consumer discretionary	$	198,945,017		$	4,820,321	$	—	$	203,765,338
Consumer staples		25,081,312			7,249,483		—		32,330,795
Industrials		252,786,656			5,699,352		—		258,486,008
Information technology		469,757,388			9,189,069		—		478,946,457
All other equity investments*		396,091,438			—		—		396,091,438
Short-term investments		4,791,611			31,009,803		—		35,801,414
Written options**		(2,707,300	)		—		—		(2,707,300	)
Total	$	1,344,746,122		$	57,968,028	$	—	$	1,402,714,150
Mid-Cap Value
Equity investments*	$	2,648,575,815		$	—	$	—	$	2,648,575,815
Short-term investments		41,815,111			42,008,649		—		83,823,760
Total	$	2,690,390,926		$	42,008,649	$	—	$	2,732,399,575
Quant Large-Cap Growth
Equity investments*	$	3,008,089,058		$	—	$	—	$	3,008,089,058
Short-term investments		1,911,585			7,320,000		—		9,231,585
Total	$	3,010,000,643		$	7,320,000	$	—	$	3,017,320,643
Quant Large-Cap Value
Equity investments*	$	1,336,830,288		$	—	$	—	$	1,336,830,288
Short-term investments		—			3,040,000		—		3,040,000
Total	$	1,336,830,288		$	3,040,000	$	—	$	1,339,870,288
Quant Small-Cap Equity
Equity investments*	$	2,624,012,461		$	—	$	—	$	2,624,012,461
Short-term investments		35,600,298			30,230,000		—		65,830,298
Futures contracts**		(649,287	)		—		—		(649,287	)
Total	$	2,658,963,472		$	30,230,000	$	—	$	2,689,193,472
Quant Small/Mid-Cap Equity
Equity investments*	$	693,729,500		$	—	$	—	$	693,729,500
Short-term investments		2,214,549			960,000		—		3,174,549
Total	$	695,944,049		$	960,000	$	—	$	696,904,049
Social Choice Equity
Equity investments:
Financials	$	718,129,270		$	—	$	3,382	$	718,132,652
All other equity investments*		4,222,206,299			—		—		4,222,206,299
Short-term investments		10,562,361			32,736,151		—		43,298,512
Futures contracts**		(635,315	)		—		—		(635,315	)
Total	$	4,950,262,615		$	32,736,151	$	3,382	$	4,983,002,148
Social Choice Low Carbon Equity
Equity investments:
Financials	$	39,507,983		$	—	$	131	$	39,508,114
All other equity investments*		223,582,179			—		—		223,582,179
Short-term investments		1,052,651			3,140,000		—		4,192,651
Futures contracts**		(71,074	)		—		—		(71,074	)
Total	$	264,071,739		$	3,140,000	$	131	$	267,211,870

356

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

Fund	Level 1			Level 2		Level 3		Total
Emerging Markets Equity
Equity investments:
Africa/Middle East	$	—		$	64,001,359	$	—	$	64,001,359
Asia		181,935,177			813,792,425		11,560		995,739,162
Europe		57,082,256			—		—		57,082,256
Latin America		107,203,657			150,343,590		—		257,547,247
All other equity investments*		—			118,819,665		4,188		118,823,853
Short-term investments		836,350			128,930,716		—		129,767,066
Total	$	347,057,440		$	1,275,887,755	$	15,748	$	1,622,960,943
International Equity
Equity investments:
Asia	$	43,900,375		$	1,086,060,961	$	—	$	1,129,961,336
Australasia		—			295,137,739		—		295,137,739
Europe		19,483,103			2,627,930,648		—		2,647,413,751
All other equity investments*		68,556,507			294,329,298		—		362,885,805
Short-term investments		—			127,599,734		—		127,599,734
Total	$	131,939,985		$	4,431,058,380	$	—	$	4,562,998,365
International Opportunities
Equity investments:
Asia	$	37,871,567		$	310,793,812	$	18,344	$	348,683,723
Australasia		—			67,008,502		—		67,008,502
Europe		—			798,689,947		—		798,689,947
Latin America		78,004,789			64,022,647		—		142,027,436
North America		—			167,489,598		—		167,489,598
All other equity investments*		26,883,497			156,613,433		1,576		183,498,506
Short-term investments		11,281,262			80,656,746		—		91,938,008
Total	$	154,041,115		$	1,645,274,685	$	19,920	$	1,799,335,720
Quant International Equity
Equity investments:
Asia	$	603,083		$	552,447,065	$	—	$	553,050,148
Australasia		—			155,506,740		—		155,506,740
Europe		22,816,932			1,191,316,760		—		1,214,133,692
All other equity investments*		28,428,208			135,571,210		—		163,999,418
Short-term investments		6,436,684			6,310,000		—		12,746,684
Total	$	58,284,907		$	2,041,151,775	$	—	$	2,099,436,682
Quant International Small-Cap Equity
Equity investments:
Asia	$	8,452,400		$	332,489,811	$	—	$	340,942,211
Australasia		—			42,003,800		—		42,003,800
Europe		—			304,869,591		—		304,869,591
Latin America		—			32,938,710		—		32,938,710
North America		—			42,460,178		—		42,460,178
All other equity investments*		6,538,900			191,194,760		—		197,733,660
Short-term investments		14,865,537			4,050,000		—		18,915,537
Total	$	29,856,837		$	950,006,850	$	—	$	979,863,687
Social Choice International Equity
Equity investments:
Asia		—			93,544,154		—		93,544,154
Australasia		—			23,054,767		—		23,054,767
Europe		4,341,933			172,123,044		—		176,464,977
All other equity investments*		—			37,425,047		—		37,425,047
Short-term investments		2,209,795			6,810,000		—		9,019,795
Futures contracts**		(29,923	)		—		—		(29,923	)
Total	$	6,521,805		$	332,957,012	$	—	$	339,478,817

357

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

Fund	Level 1			Level 2		Level 3		Total
Equity Index
Equity investments:
Financials	$	3,197,010,326		$	—	$	4,176	$	3,197,014,502
Health care		3,346,165,175			—		67,766		3,346,232,941
Materials		647,687,285			137,516		7,210		647,832,011
All other equity investments*		17,139,545,089			—		—		17,139,545,089
Short-term investments		123,281,590			107,282,965		—		230,564,555
Futures contracts**		(1,428,330	)		—		—		(1,428,330	)
Total	$	24,452,261,135		$	107,420,481	$	79,152	$	24,559,760,768
Large-Cap Growth Index
Equity investments*	$	8,316,832,282		$	—	$	—	$	8,316,832,282
Short-term investments		14,178,235			7,920,000		—		22,098,235
Total	$	8,331,010,517		$	7,920,000	$	—	$	8,338,930,517
Large-Cap Value Index
Equity investments*	$	7,021,105,521		$	—	$	—	$	7,021,105,521
Short-term investments		17,766,253			9,310,000		—		27,076,253
Total	$	7,038,871,774		$	9,310,000	$	—	$	7,048,181,774
S&P 500 Index
Equity investments*	$	6,006,044,225		$	—	$	—	$	6,006,044,225
Short-term investments		4,216,523			58,197,798		—		62,414,321
Futures contracts**		(257,873	)		—		—		(257,873	)
Total	$	6,010,002,875		$	58,197,798	$	—	$	6,068,200,673
Small-Cap Blend Index
Equity investments:
Financials	$	574,396,616		$	—	$	8,640	$	574,405,256
Health care		569,330,417			—		113,381		569,443,798
Materials		117,503,463			291,032		14,669		117,809,164
All other equity investments*		1,944,878,371			—		—		1,944,878,371
Short-term investments		123,118,244			570,000		—		123,688,244
Total	$	3,329,227,111		$	861,032	$	136,690	$	3,330,224,833
Emerging Markets Equity Index
Corporate bonds	$	—		$	11,240	$	—	$	11,240
Equity investments:
Africa/Middle East		—			196,617,822		—		196,617,822
Asia		272,099,982			1,645,775,549		5,034		1,917,880,565
Europe		52,256,514			59,188,096		—		111,444,610
Latin America		—			275,021,996		—		275,021,996
North America		112,448,274			762,572		—		113,210,846
All other equity investments*		14,465,000			293,948,463		2,819		308,416,282
Short-term investments		11,432,563			—		—		11,432,563
Total	$	462,702,333		$	2,471,325,738	$	7,853	$	2,934,035,924
International Equity Index
Equity investments:
Asia	$	4,119,622		$	3,693,320,623	$	—	$	3,697,440,245
Australasia		—			1,025,218,076		2,648		1,025,220,724
Europe		44,878,610			7,545,544,789		—		7,590,423,399
All other equity investments*		47,451,358			1,149,798,971		—		1,197,250,329
Short-term investments		76,955,307			186,887,987		—		263,843,294
Futures contracts**		(4,851,579	)		—		—		(4,851,579	)
Total	$	168,553,318		$	13,600,770,446	$	2,648	$	13,769,326,412

358

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

Fund	Level 1		Level 2			Level 3		Total
Emerging Markets Debt
Africa/Middle East	$	—	$	134,528,598		$	—	$	134,528,598
Asia		—		122,215,383			—		122,215,383
Europe		—		74,630,973			—		74,630,973
Latin America		161,743		240,566,030			6,151,410		246,879,183
All other debt investments*		—		2,095,845			—		2,095,845
Short-term investments		—		26,911,559			—		26,911,559
Forward foreign currency contracts**		—		463			—		463
Total	$	161,743	$	600,948,851		$	6,151,410	$	607,262,004
International Bond
Africa/Middle East	$	—	$	31,152,998		$	—	$	31,152,998
Asia		—		123,172,649			—		123,172,649
Europe		—		153,603,939			—		153,603,939
Latin America		—		21,931,200			312,420		22,243,620
North America		—		72,553,868			—		72,553,868
All other debt investments		—		10,926,426			—		10,926,426
Short-term investments		—		19,852,234			—		19,852,234
Forward foreign currency contracts**		—		(1,342,896	)		—		(1,342,896	)
Total	$	—	$	431,850,418		$	312,420	$	432,162,838

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

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

	Investments
Balance as of October 31, 2019		$	6,384,611
Purchases			140,290
Sales			(641,784	)
Gains (losses)			(1,174,174	)
Change in unrealized appreciation (depreciation)			1,442,467
Transfers out of Level 3			—
Transfers into Level 3			—
Balance as of January 31, 2020		$	6,151,410

The following table summarizes the significant unobservable inputs used to value Level 3 investments in the Emerging Markets Debt Fund as of January 31, 2020:

Fund	Fair value		Valuation technique	Unobservable input	Range (weighted average)§
Corporate bonds	$	1,361,785	Recent market transaction	Discount	75.5% - 99.3% (78.0%)
Government bonds		4,789,625	Recent market transaction	Discount	50.8% - 62.8% (56.2%)
Total	$	6,151,410

§ Unobservable inputs were weighted by the relative fair value of the instruments.

359