TIAA-CREF LIFECYCLE FUNDS – Lifecycle Retirement Income Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE RETIREMENT INCOME FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 29, 2020
SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—100.1%a
DIRECT REAL ESTATE—4.5%
	2,264,467	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/27/20; cost $24,139,282)	$	25,135,581
			TOTAL DIRECT REAL ESTATE		25,135,581
FIXED INCOME—40.6%
	10,933,309		TIAA-CREF Bond Fund		119,829,072
	6,722,910		TIAA-CREF Bond Plus Fund		73,817,546
	1,173,218		TIAA-CREF Emerging Markets Debt Fund		11,872,965
	865,712		TIAA-CREF High-Yield Fund		8,250,233
	1,159,872		TIAA-CREF International Bond Fund		11,795,900
			TOTAL FIXED INCOME		225,565,716
INFLATION-PROTECTED ASSETS—10.2%
	4,807,171		TIAA-CREF Inflation-Linked Bond Fund		56,484,257
			TOTAL INFLATION-PROTECTED ASSETS		56,484,257
INTERNATIONAL EQUITY—10.9%
	921,743		TIAA-CREF Emerging Markets Equity Fund		10,397,256
	1,233,006		TIAA-CREF International Equity Fund		12,305,401
	981,057		TIAA-CREF International Opportunities Fund		12,596,777
	2,589,168		TIAA-CREF Quant International Equity Fund		17,684,015
	824,205		TIAA-CREF Quant International Small-Cap Equity Fund		7,582,688
			TOTAL INTERNATIONAL EQUITY		60,566,137
SHORT-TERM FIXED INCOME—10.3%
	5,475,851		TIAA-CREF Short-Term Bond Fund		57,386,920
			TOTAL SHORT-TERM FIXED INCOME		57,386,920
U.S. EQUITY—23.6%
	804,495		Nuveen Dividend Value Fund		10,209,040
	2,103,264		TIAA-CREF Growth & Income Fund		28,309,931
	1,265,324		TIAA-CREF Large-Cap Growth Fund		26,888,139
	1,441,654		TIAA-CREF Large-Cap Value Fund		23,340,383
	1,665,006		TIAA-CREF Quant Large-Cap Growth Fund		23,443,289
	1,199,988		TIAA-CREF Quant Large-Cap Value Fund		10,247,897
	249,602		TIAA-CREF Quant Small-Cap Equity Fund		3,609,238
	467,070		TIAA-CREF Quant Small/Mid-Cap Equity Fund		5,109,747
			TOTAL U.S. EQUITY		131,157,664
			TOTAL AFFILIATED INVESTMENT COMPANIES		556,296,275
			(Cost $510,034,165)
			TOTAL INVESTMENTS—100.1%		556,296,275
			(Cost $510,034,165)
			OTHER ASSETS & LIABILITIES, NET—(0.1)%		(831,193	)
			NET ASSETS—100.0%	$	555,465,082
a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 of the affiliated Nuveen Funds.
b	Restricted security. At 2/29/20, the total value of this security amounted to $25,135,581 or 4.5% of net assets.

1

 TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2010 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2010 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 29, 2020
SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.9%a
DIRECT REAL ESTATE—4.5%
	4,773,986	b	TIAA-CREF Real Property Fund LP (purchased 7/01/16-2/27/20; cost $50,380,359)	$	52,991,239
			TOTAL DIRECT REAL ESTATE		52,991,239
FIXED INCOME—40.4%
	23,056,805		TIAA-CREF Bond Fund		252,702,585
	14,148,922		TIAA-CREF Bond Plus Fund		155,355,168
	2,478,003		TIAA-CREF Emerging Markets Debt Fund		25,077,386
	1,825,837		TIAA-CREF High-Yield Fund		17,400,224
	2,449,841		TIAA-CREF International Bond Fund		24,914,884
			TOTAL FIXED INCOME		475,450,247
INFLATION-PROTECTED ASSETS—10.0%
	9,991,274		TIAA-CREF Inflation-Linked Bond Fund		117,397,466
			TOTAL INFLATION-PROTECTED ASSETS		117,397,466
INTERNATIONAL EQUITY—11.0%
	1,976,542		TIAA-CREF Emerging Markets Equity Fund		22,295,395
	2,634,829		TIAA-CREF International Equity Fund		26,295,590
	2,099,028		TIAA-CREF International Opportunities Fund		26,951,525
	5,509,177		TIAA-CREF Quant International Equity Fund		37,627,682
	1,755,725		TIAA-CREF Quant International Small-Cap Equity Fund		16,152,673
			TOTAL INTERNATIONAL EQUITY		129,322,865
SHORT-TERM FIXED INCOME—10.1%
	11,380,243		TIAA-CREF Short-Term Bond Fund		119,264,947
			TOTAL SHORT-TERM FIXED INCOME		119,264,947
U.S. EQUITY—23.9%
	1,714,152		Nuveen Dividend Value Fund		21,752,594
	4,488,578		TIAA-CREF Growth & Income Fund		60,416,262
	2,710,856		TIAA-CREF Large-Cap Growth Fund		57,605,700
	3,085,903		TIAA-CREF Large-Cap Value Fund		49,960,763
	3,560,846		TIAA-CREF Quant Large-Cap Growth Fund		50,136,716
	2,560,834		TIAA-CREF Quant Large-Cap Value Fund		21,869,521
	551,016		TIAA-CREF Quant Small-Cap Equity Fund		7,967,692
	1,000,598		TIAA-CREF Quant Small/Mid-Cap Equity Fund		10,946,542
			TOTAL U.S. EQUITY		280,655,790
			TOTAL AFFILIATED INVESTMENT COMPANIES		1,175,082,554
			(Cost $1,025,803,505)
			TOTAL INVESTMENTS—99.9%		1,175,082,554
			(Cost $1,025,803,505)
			OTHER ASSETS & LIABILITIES, NET—0.1%		1,414,934
			NET ASSETS—100.0%	$	1,176,497,488
a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 of the affiliated Nuveen Funds.
b	Restricted security. At 2/29/20, the total value of this security amounted to $52,991,239 or 4.5% of net assets.

2

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2015 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2015 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 29, 2020
SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.8%a
DIRECT REAL ESTATE—4.5%
	7,089,959	b	TIAA-CREF Real Property Fund LP (purchased 11/28/16-2/27/20; cost $75,240,543)	$	78,698,549
			TOTAL DIRECT REAL ESTATE		78,698,549
FIXED INCOME—39.5%
	33,378,944		TIAA-CREF Bond Fund		365,833,229
	20,523,489		TIAA-CREF Bond Plus Fund		225,347,907
	3,604,467		TIAA-CREF Emerging Markets Debt Fund		36,477,210
	2,609,247		TIAA-CREF High-Yield Fund		24,866,125
	3,535,689		TIAA-CREF International Bond Fund		35,957,962
			TOTAL FIXED INCOME		688,482,433
INFLATION-PROTECTED ASSETS—8.0%
	11,841,348		TIAA-CREF Inflation-Linked Bond Fund		139,135,844
			TOTAL INFLATION-PROTECTED ASSETS		139,135,844
INTERNATIONAL EQUITY—12.5%
	3,328,029		TIAA-CREF Emerging Markets Equity Fund		37,540,171
	4,450,547		TIAA-CREF International Equity Fund		44,416,455
	3,541,264		TIAA-CREF International Opportunities Fund		45,469,823
	9,130,617		TIAA-CREF Quant International Equity Fund		62,362,114
	2,973,588		TIAA-CREF Quant International Small-Cap Equity Fund		27,357,011
			TOTAL INTERNATIONAL EQUITY		217,145,574
SHORT-TERM FIXED INCOME—8.1%
	13,545,397		TIAA-CREF Short-Term Bond Fund		141,955,759
			TOTAL SHORT-TERM FIXED INCOME		141,955,759
U.S. EQUITY—27.2%
	2,904,104		Nuveen Dividend Value Fund		36,853,081
	7,588,087		TIAA-CREF Growth & Income Fund		102,135,657
	4,571,648		TIAA-CREF Large-Cap Growth Fund		97,147,521
	5,212,458		TIAA-CREF Large-Cap Value Fund		84,389,703
	6,005,378		TIAA-CREF Quant Large-Cap Growth Fund		84,555,720
	4,321,691		TIAA-CREF Quant Large-Cap Value Fund		36,907,240
	991,355		TIAA-CREF Quant Small-Cap Equity Fund		14,334,996
	1,685,988		TIAA-CREF Quant Small/Mid-Cap Equity Fund		18,444,709
			TOTAL U.S. EQUITY		474,768,627
			TOTAL AFFILIATED INVESTMENT COMPANIES		1,740,186,786
			(Cost $1,673,470,989)
			TOTAL INVESTMENTS—99.8%		1,740,186,786
			(Cost $1,673,470,989)
			OTHER ASSETS & LIABILITIES, NET—0.2%		3,294,762
			NET ASSETS—100.0%	$	1,743,481,548
a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 of the affiliated Nuveen Funds.
b	Restricted security. At 2/29/20, the total value of this security amounted to $78,698,549 or 4.5% of net assets.

3

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2020 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2020 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 29, 2020
SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.7%a
DIRECT REAL ESTATE—4.5%
	14,980,130	b	TIAA-CREF Real Property Fund LP (purchased 11/28/16-2/27/20; cost $159,394,745)	$	166,279,441
			TOTAL DIRECT REAL ESTATE		166,279,441
FIXED INCOME—38.2%
	68,209,116		TIAA-CREF Bond Fund		747,571,909
	41,912,792		TIAA-CREF Bond Plus Fund		460,202,454
	7,413,481		TIAA-CREF Emerging Markets Debt Fund		75,024,424
	5,311,097		TIAA-CREF High-Yield Fund		50,614,754
	7,223,868		TIAA-CREF International Bond Fund		73,466,742
			TOTAL FIXED INCOME		1,406,880,283
INFLATION-PROTECTED ASSETS—6.0%
	18,673,018		TIAA-CREF Inflation-Linked Bond Fund		219,407,964
			TOTAL INFLATION-PROTECTED ASSETS		219,407,964
INTERNATIONAL EQUITY—14.0%
	7,946,270		TIAA-CREF Emerging Markets Equity Fund		89,633,925
	10,627,324		TIAA-CREF International Equity Fund		106,060,694
	8,457,264		TIAA-CREF International Opportunities Fund		108,591,268
	21,432,036		TIAA-CREF Quant International Equity Fund		146,380,803
	7,095,726		TIAA-CREF Quant International Small-Cap Equity Fund		65,280,682
			TOTAL INTERNATIONAL EQUITY		515,947,372
SHORT-TERM FIXED INCOME—6.1%
	21,460,558		TIAA-CREF Short-Term Bond Fund		224,906,645
			TOTAL SHORT-TERM FIXED INCOME		224,906,645
U.S. EQUITY—30.9%
	6,937,546		Nuveen Dividend Value Fund		88,037,453
	18,110,847		TIAA-CREF Growth & Income Fund		243,771,998
	10,912,131		TIAA-CREF Large-Cap Growth Fund		231,882,783
	12,424,614		TIAA-CREF Large-Cap Value Fund		201,154,497
	14,336,253		TIAA-CREF Quant Large-Cap Growth Fund		201,854,441
	10,344,957		TIAA-CREF Quant Large-Cap Value Fund		88,345,933
	2,530,622		TIAA-CREF Quant Small-Cap Equity Fund		36,592,789
	4,026,879		TIAA-CREF Quant Small/Mid-Cap Equity Fund		44,054,061
			TOTAL U.S. EQUITY		1,135,693,955
			TOTAL AFFILIATED INVESTMENT COMPANIES		3,669,115,660
			(Cost $3,509,226,152)
			TOTAL INVESTMENTS—99.7%		3,669,115,660
			(Cost $3,509,226,152)
			OTHER ASSETS & LIABILITIES, NET—0.3%		12,493,158
			NET ASSETS—100.0%	$	3,681,608,818
a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 of the affiliated Nuveen Funds.
b	Restricted security. At 2/29/20, the total value of this security amounted to $166,279,441 or 4.5% of net assets.

4

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2025 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2025 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 29, 2020
SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.7%a
DIRECT REAL ESTATE—4.5%
	18,821,279	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/27/20; cost $200,934,515)	$	208,916,199
			TOTAL DIRECT REAL ESTATE		208,916,199
FIXED INCOME—33.4%
	74,545,796		TIAA-CREF Bond Fund		817,021,929
	45,884,647		TIAA-CREF Bond Plus Fund		503,813,422
	8,250,710		TIAA-CREF Emerging Markets Debt Fund		83,497,186
	5,489,631		TIAA-CREF High-Yield Fund		52,316,179
	7,909,082		TIAA-CREF International Bond Fund		80,435,368
			TOTAL FIXED INCOME		1,537,084,084
INFLATION-PROTECTED ASSETS—3.9%
	15,420,885		TIAA-CREF Inflation-Linked Bond Fund		181,195,401
			TOTAL INFLATION-PROTECTED ASSETS		181,195,401
INTERNATIONAL EQUITY—16.7%
	11,904,287		TIAA-CREF Emerging Markets Equity Fund		134,280,355
	15,929,287		TIAA-CREF International Equity Fund		158,974,285
	12,710,361		TIAA-CREF International Opportunities Fund		163,201,030
	31,426,017		TIAA-CREF Quant International Equity Fund		214,639,698
	10,614,436		TIAA-CREF Quant International Small-Cap Equity Fund		97,652,809
			TOTAL INTERNATIONAL EQUITY		768,748,177
SHORT-TERM FIXED INCOME—4.1%
	17,970,123		TIAA-CREF Short-Term Bond Fund		188,326,889
			TOTAL SHORT-TERM FIXED INCOME		188,326,889
U.S. EQUITY—37.1%
	10,374,540		Nuveen Dividend Value Fund		131,652,912
	27,082,661		TIAA-CREF Growth & Income Fund		364,532,613
	16,405,903		TIAA-CREF Large-Cap Growth Fund		348,625,445
	18,647,023		TIAA-CREF Large-Cap Value Fund		301,895,299
	21,426,904		TIAA-CREF Quant Large-Cap Growth Fund		301,690,812
	15,457,420		TIAA-CREF Quant Large-Cap Value Fund		132,006,365
	4,093,588		TIAA-CREF Quant Small-Cap Equity Fund		59,193,289
	6,032,745		TIAA-CREF Quant Small/Mid-Cap Equity Fund		65,998,232
			TOTAL U.S. EQUITY		1,705,594,967
			TOTAL AFFILIATED INVESTMENT COMPANIES		4,589,865,717
			(Cost $4,385,662,156)
			TOTAL INVESTMENTS—99.7%		4,589,865,717
			(Cost $4,385,662,156)
			OTHER ASSETS & LIABILITIES, NET—0.3%		13,200,320
			NET ASSETS—100.0%	$	4,603,066,037
a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 of the affiliated Nuveen Funds.
b	Restricted security. At 2/29/20, the total value of this security amounted to $208,916,199 or 4.5% of net assets.

5

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2030 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2030 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 29, 2020
SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.7%a
DIRECT REAL ESTATE—4.5%
	18,992,345	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/27/20; cost $202,807,690)	$	210,815,030
			TOTAL DIRECT REAL ESTATE		210,815,030
FIXED INCOME—28.5%
	64,161,486		TIAA-CREF Bond Fund		703,209,891
	39,349,200		TIAA-CREF Bond Plus Fund		432,054,219
	7,232,873		TIAA-CREF Emerging Markets Debt Fund		73,196,673
	4,299,641		TIAA-CREF High-Yield Fund		40,975,575
	6,800,593		TIAA-CREF International Bond Fund		69,162,027
			TOTAL FIXED INCOME		1,318,598,385
INFLATION-PROTECTED ASSETS—1.9%
	7,474,712		TIAA-CREF Inflation-Linked Bond Fund		87,827,872
			TOTAL INFLATION-PROTECTED ASSETS		87,827,872
INTERNATIONAL EQUITY—19.4%
	14,017,788		TIAA-CREF Emerging Markets Equity Fund		158,120,654
	18,642,465		TIAA-CREF International Equity Fund		186,051,799
	14,884,546		TIAA-CREF International Opportunities Fund		191,117,575
	36,319,471		TIAA-CREF Quant International Equity Fund		248,061,989
	12,438,422		TIAA-CREF Quant International Small-Cap Equity Fund		114,433,479
			TOTAL INTERNATIONAL EQUITY		897,785,496
SHORT-TERM FIXED INCOME—2.1%
	9,074,547		TIAA-CREF Short-Term Bond Fund		95,101,253
			TOTAL SHORT-TERM FIXED INCOME		95,101,253
U.S. EQUITY—43.3%
	12,153,490		Nuveen Dividend Value Fund		154,227,789
	31,751,651		TIAA-CREF Growth & Income Fund		427,377,218
	19,210,734		TIAA-CREF Large-Cap Growth Fund		408,228,090
	21,839,732		TIAA-CREF Large-Cap Value Fund		353,585,265
	25,141,027		TIAA-CREF Quant Large-Cap Growth Fund		353,985,656
	18,112,765		TIAA-CREF Quant Large-Cap Value Fund		154,683,014
	5,075,996		TIAA-CREF Quant Small-Cap Equity Fund		73,398,905
	7,083,378		TIAA-CREF Quant Small/Mid-Cap Equity Fund		77,492,158
			TOTAL U.S. EQUITY		2,002,978,095
			TOTAL AFFILIATED INVESTMENT COMPANIES		4,613,106,131
			(Cost $4,399,928,020)
			TOTAL INVESTMENTS—99.7%		4,613,106,131
			(Cost $4,399,928,020)
			OTHER ASSETS & LIABILITIES, NET—0.3%		12,660,332
			NET ASSETS—100.0%	$	4,625,766,463
a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 of the affiliated Nuveen Funds.
b	Restricted security. At 2/29/20, the total value of this security amounted to $210,815,030 or 4.5% of net assets.

6

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2035 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2035 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 29, 2020
SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.6%a
DIRECT REAL ESTATE—4.6%
	19,232,568	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-1/31/20; cost $205,400,175)	$	213,481,506
			TOTAL DIRECT REAL ESTATE		213,481,506
FIXED INCOME—23.4%
	52,513,131		TIAA-CREF Bond Fund		575,543,920
	32,417,694		TIAA-CREF Bond Plus Fund		355,946,284
	6,200,188		TIAA-CREF Emerging Markets Debt Fund		62,745,901
	4,332,226		TIAA-CREF High-Yield Fund		41,286,109
	5,597,351		TIAA-CREF International Bond Fund		56,925,060
			TOTAL FIXED INCOME		1,092,447,274
INTERNATIONAL EQUITY—22.1%
	16,146,976		TIAA-CREF Emerging Markets Equity Fund		182,137,891
	21,500,389		TIAA-CREF International Equity Fund		214,573,887
	17,178,516		TIAA-CREF International Opportunities Fund		220,572,146
	41,392,984		TIAA-CREF Quant International Equity Fund		282,714,080
	14,347,856		TIAA-CREF Quant International Small-Cap Equity Fund		132,000,277
			TOTAL INTERNATIONAL EQUITY		1,031,998,281
U.S. EQUITY—49.5%
	14,030,238		Nuveen Dividend Value Fund		178,043,716
	36,601,180		TIAA-CREF Growth & Income Fund		492,651,887
	22,169,871		TIAA-CREF Large-Cap Growth Fund		471,109,756
	25,199,532		TIAA-CREF Large-Cap Value Fund		407,980,430
	28,995,514		TIAA-CREF Quant Large-Cap Growth Fund		408,256,840
	20,885,098		TIAA-CREF Quant Large-Cap Value Fund		178,358,739
	6,078,247		TIAA-CREF Quant Small-Cap Equity Fund		87,891,456
	8,166,859		TIAA-CREF Quant Small/Mid-Cap Equity Fund		89,345,441
			TOTAL U.S. EQUITY		2,313,638,265
			TOTAL AFFILIATED INVESTMENT COMPANIES		4,651,565,326
			(Cost $4,415,554,190)
			TOTAL INVESTMENTS—99.6%		4,651,565,326
			(Cost $4,415,554,190)
			OTHER ASSETS & LIABILITIES, NET—0.4%		16,449,232
			NET ASSETS—100.0%	$	4,668,014,558
a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 of the affiliated Nuveen Funds.
b	Restricted security. At 2/29/20, the total value of this security amounted to $213,481,506 or 4.6% of net assets.

7

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2040 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2040 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 29, 2020
SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.8%a
DIRECT REAL ESTATE—4.6%
	22,554,125	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-1/24/20; cost $240,376,571)	$	250,350,789
			TOTAL DIRECT REAL ESTATE		250,350,789
FIXED INCOME—14.3%
	37,473,860		TIAA-CREF Bond Fund		410,713,501
	23,114,610		TIAA-CREF Bond Plus Fund		253,798,415
	4,955,781		TIAA-CREF Emerging Markets Debt Fund		50,152,502
	2,529,595		TIAA-CREF High-Yield Fund		24,107,041
	3,996,812		TIAA-CREF International Bond Fund		40,647,583
			TOTAL FIXED INCOME		779,419,042
INTERNATIONAL EQUITY—24.9%
	21,214,179		TIAA-CREF Emerging Markets Equity Fund		239,295,941
	28,260,686		TIAA-CREF International Equity Fund		282,041,649
	22,605,304		TIAA-CREF International Opportunities Fund		290,252,099
	54,004,065		TIAA-CREF Quant International Equity Fund		368,847,764
	18,882,130		TIAA-CREF Quant International Small-Cap Equity Fund		173,715,596
			TOTAL INTERNATIONAL EQUITY		1,354,153,049
U.S. EQUITY—56.0%
	18,447,949		Nuveen Dividend Value Fund		234,104,470
	48,152,119		TIAA-CREF Growth & Income Fund		648,127,519
	29,133,870		TIAA-CREF Large-Cap Growth Fund		619,094,729
	33,131,387		TIAA-CREF Large-Cap Value Fund		536,397,161
	38,154,867		TIAA-CREF Quant Large-Cap Growth Fund		537,220,525
	27,484,883		TIAA-CREF Quant Large-Cap Value Fund		234,720,899
	8,226,356		TIAA-CREF Quant Small-Cap Equity Fund		118,953,108
	10,733,092		TIAA-CREF Quant Small/Mid-Cap Equity Fund		117,420,026
			TOTAL U.S. EQUITY		3,046,038,437
			TOTAL AFFILIATED INVESTMENT COMPANIES		5,429,961,317
			(Cost $5,130,946,538)
			TOTAL INVESTMENTS—99.8%		5,429,961,317
			(Cost $5,130,946,538)
			OTHER ASSETS & LIABILITIES, NET—0.2%		10,896,480
			NET ASSETS—100.0%	$	5,440,857,797
a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 of the affiliated Nuveen Funds.
b	Restricted security. At 2/29/20, the total value of this security amounted to $250,350,789 or 4.6% of net assets.

8

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2045 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2045 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 29, 2020
SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.8%a
DIRECT REAL ESTATE—4.6%
	13,403,153	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/03/20; cost $143,834,300)	$	148,774,997
			TOTAL DIRECT REAL ESTATE		148,774,997
FIXED INCOME—5.7%
	8,852,368		TIAA-CREF Bond Fund		97,021,958
	5,459,916		TIAA-CREF Bond Plus Fund		59,949,879
	1,461,535		TIAA-CREF Emerging Markets Debt Fund		14,790,735
	279,517		TIAA-CREF High-Yield Fund		2,663,796
	944,064		TIAA-CREF International Bond Fund		9,601,129
			TOTAL FIXED INCOME		184,027,497
INTERNATIONAL EQUITY—27.5%
	13,929,712		TIAA-CREF Emerging Markets Equity Fund		157,127,154
	18,512,757		TIAA-CREF International Equity Fund		184,757,313
	14,791,025		TIAA-CREF International Opportunities Fund		189,916,758
	35,137,654		TIAA-CREF Quant International Equity Fund		239,990,174
	12,351,153		TIAA-CREF Quant International Small-Cap Equity Fund		113,630,605
			TOTAL INTERNATIONAL EQUITY		885,422,004
U.S. EQUITY—62.0%
	12,093,028		Nuveen Dividend Value Fund		153,460,530
	31,543,121		TIAA-CREF Growth & Income Fund		424,570,409
	19,083,177		TIAA-CREF Large-Cap Growth Fund		405,517,502
	21,696,313		TIAA-CREF Large-Cap Value Fund		351,263,314
	25,001,708		TIAA-CREF Quant Large-Cap Growth Fund		352,024,048
	17,994,350		TIAA-CREF Quant Large-Cap Value Fund		153,671,749
	5,500,381		TIAA-CREF Quant Small-Cap Equity Fund		79,535,509
	7,026,763		TIAA-CREF Quant Small/Mid-Cap Equity Fund		76,872,788
			TOTAL U.S. EQUITY		1,996,915,849
			TOTAL AFFILIATED INVESTMENT COMPANIES		3,215,140,347
			(Cost $2,950,073,688)
			TOTAL INVESTMENTS—99.8%		3,215,140,347
			(Cost $2,950,073,688)
			OTHER ASSETS & LIABILITIES, NET—0.2%		7,453,370
			NET ASSETS—100.0%	$	3,222,593,717
a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 of the affiliated Nuveen Funds.
b	Restricted security. At 2/29/20, the total value of this security amounted to $148,774,997 or 4.6% of net assets.

9

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2050 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2050 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 29, 2020
SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.8%a
DIRECT REAL ESTATE—4.6%
	9,260,634	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/11/20; cost $99,706,021)	$	102,793,033
			TOTAL DIRECT REAL ESTATE		102,793,033
FIXED INCOME—4.4%
	4,722,896		TIAA-CREF Bond Fund		51,762,945
	2,919,414		TIAA-CREF Bond Plus Fund		32,055,167
	740,280		TIAA-CREF Emerging Markets Debt Fund		7,491,635
	189,816		TIAA-CREF High-Yield Fund		1,808,942
	503,660		TIAA-CREF International Bond Fund		5,122,218
			TOTAL FIXED INCOME		98,240,907
INTERNATIONAL EQUITY—27.9%
	9,757,758		TIAA-CREF Emerging Markets Equity Fund		110,067,511
	12,964,713		TIAA-CREF International Equity Fund		129,387,834
	10,360,180		TIAA-CREF International Opportunities Fund		133,024,713
	24,612,683		TIAA-CREF Quant International Equity Fund		168,104,626
	8,645,234		TIAA-CREF Quant International Small-Cap Equity Fund		79,536,157
			TOTAL INTERNATIONAL EQUITY		620,120,841
U.S. EQUITY—62.9%
	8,477,389		Nuveen Dividend Value Fund		107,578,070
	22,110,854		TIAA-CREF Growth & Income Fund		297,612,096
	13,369,598		TIAA-CREF Large-Cap Growth Fund		284,103,966
	15,204,164		TIAA-CREF Large-Cap Value Fund		246,155,412
	17,519,993		TIAA-CREF Quant Large-Cap Growth Fund		246,681,503
	12,608,385		TIAA-CREF Quant Large-Cap Value Fund		107,675,610
	3,864,634		TIAA-CREF Quant Small-Cap Equity Fund		55,882,611
	4,927,734		TIAA-CREF Quant Small/Mid-Cap Equity Fund		53,909,410
			TOTAL U.S. EQUITY		1,399,598,678
			TOTAL AFFILIATED INVESTMENT COMPANIES		2,220,753,459
			(Cost $2,073,073,752)
			TOTAL INVESTMENTS—99.8%		2,220,753,459
			(Cost $2,073,073,752)
			OTHER ASSETS & LIABILITIES, NET—0.2%		4,581,783
			NET ASSETS—100.0%	$	2,225,335,242
a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 of the affiliated Nuveen Funds.
b	Restricted security. At 2/29/20, the total value of this security amounted to $102,793,033 or 4.6% of net assets.

10

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2055 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2055 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 29, 2020
SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.6%a
DIRECT REAL ESTATE—4.6%
	3,490,568	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/11/20; cost $37,997,173)	$	38,745,302
			TOTAL DIRECT REAL ESTATE		38,745,302
FIXED INCOME—3.1%
	1,255,677		TIAA-CREF Bond Fund		13,762,221
	776,180		TIAA-CREF Bond Plus Fund		8,522,459
	177,851		TIAA-CREF Emerging Markets Debt Fund		1,799,848
	71,403		TIAA-CREF High-Yield Fund		680,466
	133,900		TIAA-CREF International Bond Fund		1,361,767
			TOTAL FIXED INCOME		26,126,761
INTERNATIONAL EQUITY—28.2%
	3,726,295		TIAA-CREF Emerging Markets Equity Fund		42,032,611
	4,965,366		TIAA-CREF International Equity Fund		49,554,348
	3,953,226		TIAA-CREF International Opportunities Fund		50,759,422
	9,420,541		TIAA-CREF Quant International Equity Fund		64,342,294
	3,302,964		TIAA-CREF Quant International Small-Cap Equity Fund		30,387,266
			TOTAL INTERNATIONAL EQUITY		237,075,941
U.S. EQUITY—63.7%
	3,250,361		Nuveen Dividend Value Fund		41,247,081
	8,463,797		TIAA-CREF Growth & Income Fund		113,922,710
	5,104,618		TIAA-CREF Large-Cap Growth Fund		108,473,129
	5,815,227		TIAA-CREF Large-Cap Value Fund		94,148,531
	6,702,877		TIAA-CREF Quant Large-Cap Growth Fund		94,376,514
	4,820,201		TIAA-CREF Quant Large-Cap Value Fund		41,164,515
	1,480,360		TIAA-CREF Quant Small-Cap Equity Fund		21,406,001
	1,886,058		TIAA-CREF Quant Small/Mid-Cap Equity Fund		20,633,472
			TOTAL U.S. EQUITY		535,371,953
			TOTAL AFFILIATED INVESTMENT COMPANIES		837,319,957
			(Cost $822,771,653)
			TOTAL INVESTMENTS—99.6%		837,319,957
			(Cost $822,771,653)
			OTHER ASSETS & LIABILITIES, NET—0.4%		3,219,900
			NET ASSETS—100.0%	$	840,539,857
a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 of the affiliated Nuveen Funds.
b	Restricted security. At 2/29/20, the total value of this security amounted to $38,745,302 or 4.6% of net assets.

11

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2060 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2060 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 29, 2020
SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.6%a
DIRECT REAL ESTATE—4.6%
	755,744	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/27/20; cost $8,327,052)	$	8,388,757
			TOTAL DIRECT REAL ESTATE		8,388,757
FIXED INCOME—1.8%
	153,723		TIAA-CREF Bond Fund		1,684,804
	94,985		TIAA-CREF Bond Plus Fund		1,042,930
	16,439		TIAA-CREF Emerging Markets Debt Fund		166,365
	14,514		TIAA-CREF High-Yield Fund		138,316
	16,391		TIAA-CREF International Bond Fund		166,693
			TOTAL FIXED INCOME		3,199,108
INTERNATIONAL EQUITY—28.6%
	813,653		TIAA-CREF Emerging Markets Equity Fund		9,178,011
	1,087,747		TIAA-CREF International Equity Fund		10,855,719
	866,232		TIAA-CREF International Opportunities Fund		11,122,420
	2,059,437		TIAA-CREF Quant International Equity Fund		14,065,954
	722,227		TIAA-CREF Quant International Small-Cap Equity Fund		6,644,490
			TOTAL INTERNATIONAL EQUITY		51,866,594
U.S. EQUITY—64.6%
	709,507		Nuveen Dividend Value Fund		9,003,638
	1,849,470		TIAA-CREF Growth & Income Fund		24,893,860
	1,115,509		TIAA-CREF Large-Cap Growth Fund		23,704,574
	1,271,579		TIAA-CREF Large-Cap Value Fund		20,586,869
	1,464,357		TIAA-CREF Quant Large-Cap Growth Fund		20,618,148
	1,053,281		TIAA-CREF Quant Large-Cap Value Fund		8,995,023
	324,117		TIAA-CREF Quant Small-Cap Equity Fund		4,686,737
	412,014		TIAA-CREF Quant Small/Mid-Cap Equity Fund		4,507,438
			TOTAL U.S. EQUITY		116,996,287
			TOTAL AFFILIATED INVESTMENT COMPANIES		180,450,746
			(Cost $185,341,898)
			TOTAL INVESTMENTS—99.6%		180,450,746
			(Cost $185,341,898)
			OTHER ASSETS & LIABILITIES, NET—0.4%		803,463
			NET ASSETS—100.0%	$	181,254,209
a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 of the affiliated Nuveen Funds.
b	Restricted security. At 2/29/20, the total value of this security amounted to $8,388,757 or 4.6% of net assets.

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 TIAA-CREF Lifecycle 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 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.

In accordance with ASC 820, certain portfolio investments that are measured at fair value using the net asset value (“NAV”) per share practical expedient are not categorized within the fair value hierarchy. These investments will be disclosed at their fair value to allow reconciliation back to the schedules of investments.

A description of the valuation techniques applied to the Funds’ major categories of assets and liabilities measured at fair value follows:

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

Investments in unregistered limited partnerships: These investments are measured at fair value as of the valuation date using the NAV per share practical expedient and are not categorized within the fair value hierarchy.

13

The following table summarizes the market value of the Funds' investments as of February 29, 2020, based on the inputs used to value them:

Fund	Level 1		Level 2		Level 3		Fair value using practical expedienta		Total
Lifecycle Retirement Income
Registered investment companies	$	531,160,694	$	—	$	—	$	—	$	531,160,694
TIAA-CREF Real Property Fund LP		—		—		—		25,135,581		25,135,581
Total	$	531,160,694	$	—	$	—	$	25,135,581	$	556,296,275
Lifecycle 2010
Registered investment companies	$	1,122,091,315	$	—	$	—	$	—	$	1,122,091,315
TIAA-CREF Real Property Fund LP		—		—		—		52,991,239		52,991,239
Total	$	1,122,091,315	$	—	$	—	$	52,991,239	$	1,175,082,554
Lifecycle 2015
Registered investment companies	$	1,661,488,237	$	—	$	—	$	—	$	1,661,488,237
TIAA-CREF Real Property Fund LP		—		—		—		78,698,549		78,698,549
Total	$	1,661,488,237	$	—	$	—	$	78,698,549	$	1,740,186,786
Lifecycle 2020
Registered investment companies	$	3,502,836,219	$	—	$	—	$	—	$	3,502,836,219
TIAA-CREF Real Property Fund LP		—		—		—		166,279,441		166,279,441
Total	$	3,502,836,219	$	—	$	—	$	166,279,441	$	3,669,115,660
Lifecycle 2025
Registered investment companies	$	4,380,949,518	$	—	$	—	$	—	$	4,380,949,518
TIAA-CREF Real Property Fund LP		—		—		—		208,916,199		208,916,199
Total	$	4,380,949,518	$	—	$	—	$	208,916,199	$	4,589,865,717
Lifecycle 2030
Registered investment companies	$	4,402,291,101	$	—	$	—	$	—	$	4,402,291,101
TIAA-CREF Real Property Fund LP		—		—		—		210,815,030		210,815,030
Total	$	4,402,291,101	$	—	$	—	$	210,815,030	$	4,613,106,131
Lifecycle 2035
Registered investment companies	$	4,438,083,820	$	—	$	—	$	—	$	4,438,083,820
TIAA-CREF Real Property Fund LP		—		—		—		213,481,506		213,481,506
Total	$	4,438,083,820	$	—	$	—	$	213,481,506	$	4,651,565,326
Lifecycle 2040
Registered investment companies	$	5,179,610,528	$	—	$	—	$	—	$	5,179,610,528
TIAA-CREF Real Property Fund LP		—		—		—		250,350,789		250,350,789
Total	$	5,179,610,528	$	—	$	—	$	250,350,789	$	5,429,961,317
Lifecycle 2045
Registered investment companies	$	3,066,365,350	$	—	$	—	$	—	$	3,066,365,350
TIAA-CREF Real Property Fund LP		—		—		—		148,774,997		148,774,997
Total	$	3,066,365,350	$	—	$	—	$	148,774,997	$	3,215,140,347
Lifecycle 2050
Registered investment companies	$	2,117,960,426	$	—	$	—	$	—	$	2,117,960,426
TIAA-CREF Real Property Fund LP		—		—		—		102,793,033		102,793,033
Total	$	2,117,960,426	$	—	$	—	$	102,793,033	$	2,220,753,459
Lifecycle 2055
Registered investment companies	$	798,574,655	$	—	$	—	$	—	$	798,574,655
TIAA-CREF Real Property Fund LP		—		—		—		38,745,302		38,745,302
Total	$	798,574,655	$	—	$	—	$	38,745,302	$	837,319,957
Lifecycle 2060
Registered investment companies	$	172,061,989	$	—	$	—	$	—	$	172,061,989
TIAA-CREF Real Property Fund LP		—		—		—		8,388,757		8,388,757
Total	$	172,061,989	$	—	$	—	$	8,388,757	$	180,450,746
a  In accordance with ASC 820, certain investments that are measured at fair value using the net asset value per share practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the schedules of investments.

14