TIAA-CREF FUNDS - Growth & Income Fund

TIAA-CREF FUNDS
GROWTH & INCOME FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.6%
AUTOMOBILES & COMPONENTS - 0.4%
	354,604		Aptiv plc	$	27,570,461
			TOTAL AUTOMOBILES & COMPONENTS		27,570,461
BANKS - 4.1%
	3,564,820		Bank of America Corp		88,692,722
	1,254,101		Citigroup, Inc		62,717,591
	1,109,271	n	JPMorgan Chase & Co		107,199,949
	519,265		Radian Group, Inc		7,747,434
			TOTAL BANKS		266,357,696
CAPITAL GOODS - 6.6%
	111,796	n	Carlisle Cos, Inc		13,312,668
	192,245		Deere & Co		33,894,716
	404,946		Dover Corp		41,681,092
	454,273		Eaton Corp		42,306,444
	1,040,293		General Electric Co		6,314,578
	162,654		HEICO Corp (Class A)		12,451,164
	260,562		Hexcel Corp		9,718,963
	404,437	n	Honeywell International, Inc		60,410,755
	521,928		ITT, Inc		30,130,903
	165,872		L3Harris Technologies, Inc		27,921,234
	84,540	n	Northrop Grumman Corp		27,476,345
	266,771		Otis Worldwide Corp		16,737,213
	297,667		Owens Corning, Inc		17,999,923
	468,310		Raytheon Technologies Corp		26,543,811
	86,236	*	Teledyne Technologies, Inc		26,448,581
	348,098		Trane Technologies plc		38,941,723
			TOTAL CAPITAL GOODS		432,290,113
COMMERCIAL & PROFESSIONAL SERVICES - 0.9%
	103,455	*,n	FTI Consulting, Inc		12,356,665
	194,116	*	Stericycle, Inc		11,731,401
	105,911		TransUnion		9,486,448
	235,155		Waste Management, Inc		25,772,988
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		59,347,502
CONSUMER DURABLES & APPAREL - 1.8%
	216,170		Brunswick Corp		14,479,067
	86,693	*,n	Lululemon Athletica, Inc		28,226,374
	1,974,360	*	Mattel, Inc		21,935,140
	248,562		Nike, Inc (Class B)		24,262,137
	166,595	*	Tempur Sealy International, Inc		13,485,865
	72,003		Whirlpool Corp		11,745,129
			TOTAL CONSUMER DURABLES & APPAREL		114,133,712

1

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 0.6%
	16,092	*,n	Chipotle Mexican Grill, Inc (Class A)	$	18,588,835
	134,176	*	Flutter Entertainment plc		20,094,886
			TOTAL CONSUMER SERVICES		38,683,721
DIVERSIFIED FINANCIALS - 1.9%
	279,379		Blackstone Group, Inc		14,885,313
	458,960		Discover Financial Services		22,686,393
	1,072,328	n	Morgan Stanley		52,415,393
	652,566		Voya Financial, Inc		32,236,760
			TOTAL DIVERSIFIED FINANCIALS		122,223,859
ENERGY - 2.0%
	693,680	n	Chevron Corp		58,227,499
	426,689	n	Hess Corp		20,997,366
	211,268		Pioneer Natural Resources Co		20,476,095
	2,209,103	e	Range Resources Corp		14,270,805
	344,275		Valero Energy Corp		19,358,583
			TOTAL ENERGY		133,330,348
FOOD & STAPLES RETAILING - 1.1%
	453,844		Walmart, Inc		58,727,414
	51,083	*	Zur Rose Group AG.		14,115,373
			TOTAL FOOD & STAPLES RETAILING		72,842,787
FOOD, BEVERAGE & TOBACCO - 3.6%
	457,916		Campbell Soup Co		22,698,896
	723,327		Coca-Cola Co		34,169,968
	636,843		ConAgra Brands, Inc		23,849,770
	331,483		Diageo plc		12,129,168
	893,673		Mondelez International, Inc		49,589,915
	300,540	*	Monster Beverage Corp		23,586,379
	510,879		PepsiCo, Inc		70,327,603
			TOTAL FOOD, BEVERAGE & TOBACCO		236,351,699
HEALTH CARE EQUIPMENT & SERVICES - 7.6%
	232,430		Abbott Laboratories		23,391,755
	487,369	n	Baxter International, Inc		42,098,934
	1,034,011	*,n	Boston Scientific Corp		39,881,804
	175,911	*	Centene Corp		11,478,193
	110,048		Cigna Corp		19,004,189
	322,631		Danaher Corp		65,752,198
	65,898	*,n	DexCom, Inc		28,701,215
	235,890	*	Edwards Lifesciences Corp		18,496,135
	586,065	*	Envista Holdings Corp		12,817,241
	135,002	*	Guardant Health, Inc		11,499,470
	144,957	n	Humana, Inc		56,888,375
	75,318	*	IDEXX Laboratories, Inc		29,957,734
	135,227		Quest Diagnostics, Inc		17,183,295
	147,012		STERIS plc		23,467,526
	152,988		UnitedHealth Group, Inc		46,321,707
	58,192		West Pharmaceutical Services, Inc		15,646,083
	269,942	n	Zimmer Biomet Holdings, Inc		36,404,378
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		498,990,232

2

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
HOUSEHOLD & PERSONAL PRODUCTS - 2.4%
	153,543		Estee Lauder Cos (Class A)	$	30,330,884
	723,150		Procter & Gamble Co		94,819,428
	179,906		Reckitt Benckiser Group plc		18,039,090
	439,263		Reynolds Consumer Products Inc		14,961,298
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		158,150,700
INSURANCE - 2.5%
	646,836		American International Group, Inc		20,789,309
	196,056		Assurant, Inc		21,070,138
	250,006		Chubb Ltd		31,810,764
	118,823		Everest Re Group Ltd		25,997,284
	565,600	*,e	GoHealth, Inc		10,039,400
	658,040	n	Hartford Financial Services Group, Inc		27,848,253
	724,352		Metlife, Inc		27,416,723
			TOTAL INSURANCE		164,971,871
MATERIALS - 3.0%
	520,313		Corteva, Inc		14,860,139
	627,812		DuPont de Nemours, Inc		33,575,386
	230,552		FMC Corp		24,450,040
	343,036		Linde plc		84,081,554
	245,707		PPG Industries, Inc		26,450,358
	100,523		Vulcan Materials Co		11,803,411
			TOTAL MATERIALS		195,220,888
MEDIA & ENTERTAINMENT - 8.9%
	132,669	*,n	Alphabet, Inc (Class C)		196,742,820
	149,773	*	Berkeley Lights, Inc		8,981,887
	1,105,103		Comcast Corp (Class A)		47,298,408
	550,639	*	Facebook, Inc		139,680,595
	144,427	*	Match Group, Inc		14,832,653
	125,275	*,n	Netflix, Inc		61,244,442
	864,131	*	Snap, Inc		19,373,817
	179,347	*	Take-Two Interactive Software, Inc		29,416,495
	539,949		Walt Disney Co		63,141,636
			TOTAL MEDIA & ENTERTAINMENT		580,712,753
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.4%
	825,368		AbbVie, Inc		78,335,677
	370,509	*,n	Acadia Pharmaceuticals, Inc		15,402,059
	81,359		Amgen, Inc		19,906,107
	249,031		AstraZeneca plc		27,512,843
	1,182,792	*	Avantor, Inc		26,116,047
	84,927	*	BioMarin Pharmaceutical, Inc		10,175,104
	144,529	*	Bluebird Bio, Inc		8,772,910
	172,382	*	Catalent, Inc		15,055,844
	199,452	e	Daiichi Sankyo Co Ltd		17,648,821
	264,526		Eli Lilly & Co		39,755,613
	306,407	*	Genmab A.S. (ADR)		10,476,055
	97,844	*,e	GW Pharmaceuticals plc (ADR)		12,487,830
	330,507	*	Horizon Therapeutics Plc		20,223,723
	136,537	*	IQVIA Holdings, Inc		21,626,096
	46,286		Lonza Group AG.		28,944,257
	407,997		Merck & Co, Inc		32,737,679
	126,470	*	Neurocrine Biosciences, Inc		15,221,929
	249,165		Perrigo Co plc		13,210,728

3

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
	979,604		Pfizer, Inc	$	37,695,162
	76,845	*	Regeneron Pharmaceuticals, Inc		48,571,419
	53,695		Roche Holding AG.		18,597,612
	136,295		Sanofi-Aventis		14,310,581
	75,963	*	Seattle Genetics, Inc		12,630,368
	30,695		Vifor Pharma AG.		4,332,516
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		549,746,980
REAL ESTATE - 1.7%
	181,123		American Tower Corp		47,343,741
	20,575		Equinix, Inc		16,161,251
	434,995		Prologis, Inc		45,857,173
			TOTAL REAL ESTATE		109,362,165
RETAILING - 9.1%
	100,632	*,n	Amazon.com, Inc		318,468,078
	456,462		Best Buy Co, Inc		45,459,051
	502,843	*	BJ’s Wholesale Club Holdings, Inc		20,138,862
	44,162	*	Burlington Stores, Inc		8,302,456
	596,573	e,n	Children’s Place, Inc		14,562,347
	296,820		Dick’s Sporting Goods, Inc		13,540,929
	268,206		Expedia Group Inc		21,727,368
	360,472	n	Home Depot, Inc		95,701,711
	48,701	*	O’Reilly Automotive, Inc		23,248,883
	262,740		Target Corp		33,073,711
			TOTAL RETAILING		594,223,396
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 6.9%
	714,242	*	Advanced Micro Devices, Inc		55,303,758
	358,609	*	Cree, Inc		24,715,332
	263,211	*,n	Enphase Energy, Inc		15,887,416
	174,590	*	Inphi Corp		22,811,929
	616,739		Intel Corp		29,436,953
	1,052,894		Marvell Technology Group Ltd		38,399,044
	108,635		Monolithic Power Systems, Inc		28,789,361
	194,497		NVIDIA Corp		82,581,481
	194,679	n	NXP Semiconductors NV		22,880,623
	469,601		QUALCOMM, Inc		49,594,562
	248,862		Skyworks Solutions, Inc		36,229,330
	350,086	n	Taiwan Semiconductor Manufacturing Co Ltd (ADR)		27,618,285
	75,366	n	Universal Display Corp		13,147,599
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		447,395,673
SOFTWARE & SERVICES - 11.7%
	62,135	*	CACI International, Inc (Class A)		12,912,896
	130,480	*	Check Point Software Technologies		16,204,613
	265,250		Fidelity National Information Services, Inc		38,808,727
	244,170	*	Fiserv, Inc		24,365,724
	255,963	n	Mastercard, Inc (Class A)		78,972,264
	1,825,364		Microsoft Corp		374,217,874
	417,803	*	PayPal Holdings, Inc		81,918,634
	23,015	*	Proofpoint, Inc		2,662,145
	368,967	*	salesforce.com, Inc		71,893,220
	81,113	*	ServiceNow, Inc		35,624,830
	124,800	*	Synopsys, Inc		24,862,656
			TOTAL SOFTWARE & SERVICES		762,443,583

4

TIAA-CREF FUNDS - Growth & Income Fund

SHARES			COMPANY	VALUE
TECHNOLOGY HARDWARE & EQUIPMENT - 8.8%
	966,545	n	Apple, Inc	$	410,820,287
	342,020	*	Calix, Inc		7,014,830
	974,415		Cisco Systems, Inc		45,894,947
	1,289,260	*	CommScope Holding Co, Inc		11,964,333
	341,841		FLIR Systems, Inc		14,241,096
	309,893	*,n	Keysight Technologies, Inc		30,955,212
	106,348	n	Motorola Solutions, Inc		14,867,450
	413,474		TE Connectivity Ltd		36,828,129
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		572,586,284
TELECOMMUNICATION SERVICES - 2.1%
	1,375,145		AT&T, Inc		40,676,789
	185,331		Cogent Communications Group, Inc		16,700,176
	234,756	*,n	T-Mobile US, Inc		25,208,099
	986,151		Verizon Communications, Inc		56,683,960
			TOTAL TELECOMMUNICATION SERVICES		139,269,024
TRANSPORTATION - 1.3%
	202,677		DSV AS		27,733,402
	383,988		United Parcel Service, Inc (Class B)		54,818,127
			TOTAL TRANSPORTATION		82,551,529
UTILITIES - 2.2%
	1,319,767		Centerpoint Energy, Inc		25,088,771
	998,375		Equitable Holdings, Inc		20,426,752
	209,656		NextEra Energy, Inc		58,850,439
	640,717		PPL Corp		17,055,887
	575,400		RWE AG.		21,689,339
			TOTAL UTILITIES		143,111,188
			TOTAL COMMON STOCKS		6,501,868,164
			(Cost $3,864,890,101)
PURCHASED OPTIONS - 0.0%
DIVERSIFIED FINANCIALS - 0.0%
	50,000		Morgan Stanley		19,250
			TOTAL DIVERSIFIED FINANCIALS		19,250
HEALTH CARE EQUIPMENT & SERVICES - 0.0%
	17,600		Stryker Corp		16,720
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		16,720
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	30,000		Biogen, Inc		37,500
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		37,500
SOFTWARE & SERVICES - 0.0%
	12,000		Mastercard, Inc		4,320
			TOTAL SOFTWARE & SERVICES		4,320
			TOTAL PURCHASED OPTIONS		77,790
			(Cost $976,877)

5

TIAA-CREF FUNDS - Growth & Income Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 0.8%
REPURCHASE AGREEMENT - 0.2%
$	14,780,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20	$	14,780,000
			TOTAL REPURCHASE AGREEMENT						14,780,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.6%
	36,179,510	c	State Street Navigator Securities Lending Government Money Market Portfolio						36,179,510
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						36,179,510
			TOTAL SHORT-TERM INVESTMENTS						50,959,510
			(Cost $50,959,510)
			TOTAL INVESTMENTS - 100.4%						6,552,905,464
			(Cost $3,916,826,488)
			OTHER ASSETS & LIABILITIES, NET - (0.4)%						(24,826,356	)
			NET ASSETS - 100.0%					$	6,528,079,108
			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 $43,342,994.
	n		All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts.
	r		Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $14,780,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $15,075,620.

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

Description/underlying investment	Number of contracts	Notional amount		Exercise price		Expiration date	Value
Biogen, Inc, Call	300	$	900,612	$	390.00	09/18/20	$	37,500
Mastercard, Inc, Put	120		7,739		287.50	08/07/20		4,320
Morgan Stanley, Put	500		22,499		40.00	09/18/20		19,250
Stryker Corp, Call	176		46,027		210.00	08/21/20		16,720
Total	1,096	$	976,877				$	77,790

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

Description/underlying investment	Number of contracts	Notional amount			Exercise price		Expiration date	Value
Acadia Pharmaceuticals, Inc, Put	600	$	(114,714	)	$	40.00	09/18/20	$	(190,800	)
Acuity Brands, Inc, Put	250		(545,851	)		85.00	12/18/20		(140,000	)
Alliance Data Systems Corp, Put	890		(858,576	)		55.00	12/18/20		(1,277,150	)
Alphabet, Inc, Call	27		(91,986	)		1,700.00	09/18/20		(15,120	)
Alphabet, Inc, Put	30		(134,516	)		1,340.00	09/18/20		(60,600	)
Amazon.com, Inc, Call	65		(830,853	)		3,300.00	09/18/20		(830,853	)
Amazon.com, Inc, Call	65		(627,967	)		3,360.00	09/18/20		(627,967	)

6

TIAA-CREF FUNDS - Growth & Income Fund

Description/underlying investment	Number of contracts	Notional amount			Exercise price		Expiration date	Value
Amazon.com, Inc, Put	65	$	(375,200	)	$	2,800.00	08/21/20	$	(59,800	)
Amazon.com, Inc, Put	65		(298,747	)		2,860.00	09/18/20		(298,747	)
Apple, Inc, Call	367		(941,918	)		350.00	12/18/20		(3,027,750	)
Apple, Inc, Call	59		(89,904	)		380.00	01/15/21		(359,900	)
Apple, Inc, Put	412		(391,581	)		265.00	01/15/21		(127,720	)
Apple, Inc, Put	59		(73,761	)		290.00	01/15/21		(23,600	)
Apple, Inc, Put	367		(562,929	)		300.00	01/15/21		(163,315	)
Arista Networks, Inc, Put	80		(181,074	)		165.00	01/15/21		(27,000	)
Aspen Technology, Inc, Put	186		(181,272	)		90.00	12/18/20		(133,920	)
Aspen Technology, Inc, Put	186		(225,935	)		95.00	12/18/20		(187,860	)
Baxter International, Inc, Put	500		(33,450	)		78.00	08/28/20		(25,000	)
Biogen, Inc, Call	300		(569,377	)		420.00	09/18/20		(36,000	)
Biogen, Inc, Put	150		(463,545	)		265.00	01/15/21		(375,000	)
Biogen, Inc, Put	150		(529,190	)		270.00	01/15/21		(399,000	)
Boeing Co, Put	67		(685,302	)		220.00	01/15/21		(469,603	)
Boston Scientific Corp, Put	500		(56,479	)		30.00	11/20/20		(32,500	)
Brinker International, Inc, Put	1,000		(97,959	)		17.50	08/21/20		(22,000	)
Carlisle Cos, Inc, Call	260		(84,077	)		150.00	12/18/20		(71,500	)
Carlisle Cos, Inc, Put	260		(392,878	)		115.00	12/18/20		(235,300	)
Chevron Corp, Put	222		(213,773	)		85.00	12/18/20		(207,570	)
Children’s Place, Inc, Call	615		(539,934	)		50.00	12/18/20		(49,200	)
Children’s Place, Inc, Call	550		(191,374	)		60.00	12/18/20		(16,500	)
Children’s Place, Inc, Call	615		(619,882	)		50.00	01/15/21		(55,350	)
Children’s Place, Inc, Put	923		(464,223	)		35.00	09/18/20		(1,079,910	)
Children’s Place, Inc, Put	922		(827,902	)		35.00	12/18/20		(1,207,820	)
Children’s Place, Inc, Put	550		(818,361	)		45.00	12/18/20		(1,193,500	)
Chipotle Mexican Grill, Inc, Call	44		(290,964	)		1,320.00	12/18/20		(212,080	)
Chipotle Mexican Grill, Inc, Put	44		(207,146	)		900.00	12/18/20		(109,560	)
Darden Restaurants, Inc, Put	1,484		(842,836	)		60.00	10/16/20		(353,192	)
Darden Restaurants, Inc, Put	742		(474,099	)		65.00	10/16/20		(260,442	)
Deckers Outdoor Corp, Put	300		(362,737	)		160.00	12/18/20		(148,500	)
DexCom, Inc, Put	320		(808,930	)		320.00	12/18/20		(403,200	)
Ecolab, Inc, Put	225		(57,522	)		175.00	09/18/20		(65,813	)
Enphase Energy, Inc, Put	500		(332,973	)		40.00	08/21/20		(25,000	)
FedEx Corp, Put	314		(482,725	)		155.00	01/15/21		(377,585	)
FTI Consulting, Inc, Put	470		(61,273	)		85.00	08/21/20		(43,475	)
Guidewire Software, Inc, Put	186		(195,264	)		85.00	10/16/20		(18,600	)
Guidewire Software, Inc, Put	200		(192,588	)		80.00	12/18/20		(26,000	)
Hartford Financial Services Group, Inc, Call	575		(145,702	)		50.00	09/18/20		(21,275	)
Hartford Financial Services Group, Inc, Call	25		(4,199	)		50.00	12/18/20		(3,500	)
Hartford Financial Services Group, Inc, Put	25		(4,874	)		35.00	12/18/20		(4,562	)
Hartford Financial Services Group, Inc, Put	575		(332,895	)		40.00	12/18/20		(209,875	)
Hasbro, Inc, Put	215		(240,141	)		72.50	10/16/20		(101,050	)
Hasbro, Inc, Put	210		(296,715	)		72.50	01/15/21		(170,100	)
Hess Corp, Put	371		(289,148	)		37.50	11/20/20		(77,910	)
Home Depot, Inc, Call	80		(103,835	)		260.00	01/15/21		(169,120	)
Home Depot, Inc, Call	160		(221,547	)		270.00	01/15/21		(275,200	)
Home Depot, Inc, Put	160		(87,672	)		205.00	08/21/20		(4,640	)

7

TIAA-CREF FUNDS - Growth & Income Fund

Description/underlying investment	Number of contracts	Notional amount			Exercise price		Expiration date	Value
Honeywell International, Inc, Put	288	$	(34,001	)	$	139.00	08/21/20	$	(40,032	)
Humana, Inc, Call	160		(443,043	)		430.00	11/20/20		(214,400	)
Jazz Pharmaceuticals plc, Put	275		(288,045	)		105.00	11/20/20		(243,375	)
JPMorgan Chase & Co, Call	360		(26,625	)		115.00	08/21/20		(2,880	)
Keysight Technologies, Inc, Put	242		(60,472	)		82.50	08/21/20		(6,050	)
Keysight Technologies, Inc, Put	242		(40,162	)		85.00	08/21/20		(9,075	)
Kirby Corp, Put	900		(713,325	)		50.00	12/18/20		(774,000	)
Lululemon Athletica, Inc, Call	113		(559,563	)		310.00	12/18/20		(491,211	)
Lululemon Athletica, Inc, Call	375		(1,492,317	)		300.00	01/15/21		(1,854,375	)
Lululemon Athletica, Inc, Call	372		(1,752,829	)		310.00	01/15/21		(1,592,160	)
Lululemon Athletica, Inc, Put	375		(1,031,404	)		260.00	01/15/21		(500,625	)
Lululemon Athletica, Inc, Put	372		(886,900	)		270.00	01/15/21		(632,400	)
M&T Bank Corp, Put	160		(319,027	)		110.00	10/16/20		(180,800	)
Mastercard, Inc, Call	120		(82,554	)		335.00	10/16/20		(66,960	)
Mastercard, Inc, Put	120		(226,670	)		260.00	10/16/20		(38,400	)
Motorola Solutions, Inc, Put	80		(25,703	)		125.00	09/18/20		(17,600	)
Motorola Solutions, Inc, Put	80		(57,658	)		110.00	10/16/20		(12,000	)
Motorola Solutions, Inc, Put	480		(968,730	)		140.00	01/15/21		(648,000	)
Nektar Therapeutics, Put	511		(135,060	)		18.00	08/21/20		(12,775	)
Netflix, Inc, Call	160		(408,465	)		620.00	11/20/20		(179,200	)
Netflix, Inc, Put	160		(481,263	)		460.00	11/20/20		(544,800	)
Northrop Grumman Corp, Put	100		(143,670	)		280.00	11/20/20		(81,000	)
NXP Semiconductors NV, Put	420		(44,671	)		95.00	08/21/20		(15,120	)
PVH Corp, Put	480		(707,966	)		55.00	01/15/21		(614,400	)
Roku, Inc, Put	320		(340,866	)		105.00	10/16/20		(91,520	)
Roku, Inc, Put	320		(633,894	)		95.00	10/16/20		(54,400	)
Stryker Corp, Call	176		(11,493	)		220.00	08/21/20		(2,640	)
Stryker Corp, Put	230		(17,832	)		170.00	08/21/20		(17,940	)
Taiwan Semiconductor Manufacturing Co Ltd, Put	580		(35,357	)		68.50	08/21/20		(21,170	)
Teradata Corp, Put	1,665		(493,488	)		25.00	12/18/20		(849,150	)
Universal Display Corp, Call	200		(17,998	)		200.00	08/07/20		(24,000	)
Universal Display Corp, Put	200		(441,854	)		130.00	12/18/20		(114,000	)
Universal Health Services, Inc, Put	332		(681,236	)		115.00	12/18/20		(537,840	)
VF Corp, Put	500		(547,059	)		60.00	11/20/20		(355,000	)
World Wrestling Entertainment, Inc, Put	500		(252,850	)		30.00	10/16/20		(17,500	)
World Wrestling Entertainment, Inc, Put	800		(464,759	)		40.00	01/15/21		(292,000	)
Wynn Resorts Ltd, Put	225		(572,815	)		85.00	12/18/20		(464,625	)
Wynn Resorts Ltd, Put	225		(372,583	)		82.50	01/15/21		(435,375	)
Wynn Resorts Ltd, Put	450		(1,172,661	)		85.00	01/15/21		(940,500	)
Xilinx, Inc, Put	320		(212,783	)		77.50	01/15/21		(73,600	)
Zendesk, Inc, Put	520		(94,529	)		65.00	08/21/20		(27,300	)
Zimmer Biomet Holdings, Inc, Call	250		(171,659	)		145.00	09/18/20		(73,125	)
Zimmer Biomet Holdings, Inc, Put	250		(140,347	)		125.00	09/18/20		(92,500	)
Zscaler, Inc, Put	600		(198,572	)		92.50	09/18/20		(88,200	)
Total	34,190	$	(36,955,033	)				$	(29,452,557	)

8

TIAA-CREF FUNDS - Large-Cap Growth Fund

TIAA-CREF FUNDS

LARGE-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.5%
AUTOMOBILES & COMPONENTS - 2.7%
	113,649		Aptiv plc	$	8,836,210
	115,898	*,n	Tesla, Inc		165,822,222
			TOTAL AUTOMOBILES & COMPONENTS		174,658,432
CAPITAL GOODS - 1.5%
	136,379		Boeing Co		21,547,882
	1,372,500	*	Churchill Capital Corp IV		13,725,000
	1,075,476		Raytheon Technologies Corp		60,957,980
			TOTAL CAPITAL GOODS		96,230,862
COMMERCIAL & PROFESSIONAL SERVICES - 2.3%
	281,054	*	Clarivate Analytics plc		7,771,143
	90,566	*	CoStar Group, Inc		76,959,364
	387,991		Equifax, Inc		63,071,817
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		147,802,324
CONSUMER DURABLES & APPAREL - 1.7%
	1,118,729		Nike, Inc (Class B)		109,199,138
			TOTAL CONSUMER DURABLES & APPAREL		109,199,138
CONSUMER SERVICES - 0.9%
	94,782		Hilton Worldwide Holdings, Inc		7,113,389
	688,399		Starbucks Corp		52,683,175
			TOTAL CONSUMER SERVICES		59,796,564
DIVERSIFIED FINANCIALS - 2.4%
	120,474		Apollo Global Management, Inc		5,915,273
	401,714		Intercontinental Exchange Group, Inc		38,877,881
	307,107		S&P Global, Inc		107,564,227
			TOTAL DIVERSIFIED FINANCIALS		152,357,381
FOOD, BEVERAGE & TOBACCO - 0.2%
	67,435		Constellation Brands, Inc (Class A)		12,016,917
			TOTAL FOOD, BEVERAGE & TOBACCO		12,016,917
HEALTH CARE EQUIPMENT & SERVICES - 3.0%
	847,763		Alcon, Inc		50,848,825
	860,964	*	Boston Scientific Corp		33,207,381
	193,894	*	Guardant Health, Inc		16,515,891
	133,784	*	Intuitive Surgical, Inc		91,700,905
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		192,273,002
MATERIALS - 1.6%
	34,537		Air Products & Chemicals, Inc		9,899,340
	142,158		Linde plc		34,844,348
	90,812		Sherwin-Williams Co		58,838,911
			TOTAL MATERIALS		103,582,599

9

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY	VALUE
MEDIA & ENTERTAINMENT - 14.5%
	93,791	*	Alphabet, Inc (Class A)	$	139,556,319
	79,781	*	Alphabet, Inc (Class C)		118,312,032
	1,161,235	*	Facebook, Inc		294,570,482
	383,056	*	IAC/InterActiveCorp		50,724,276
	560,143	*	Match Group, Inc		57,526,686
	211,447	*	Netflix, Inc		103,372,209
	1,271,085	*	Twitter, Inc		46,267,494
	1,034,267		Walt Disney Co		120,947,183
			TOTAL MEDIA & ENTERTAINMENT		931,276,681
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 16.9%
	711,881		AbbVie, Inc		67,564,626
	202,853		Amgen, Inc		49,632,044
	1,471,609		AstraZeneca plc		162,582,759
	1,881,202	*	Avantor, Inc		41,536,940
	377,205	*	BioMarin Pharmaceutical, Inc		45,192,931
	711,832		Eli Lilly & Co		106,981,231
	185,502	*	Illumina, Inc		70,891,444
	281,296	*	IQVIA Holdings, Inc		44,554,473
	106,679		Lonza Group AG.		66,710,116
	83,989	*	Moderna, Inc		6,223,585
	195,297	*	Regeneron Pharmaceuticals, Inc		123,441,375
	185,063	*	Seattle Genetics, Inc		30,770,425
	525,800	*	Vertex Pharmaceuticals, Inc		143,017,600
	3,147,504	*,g	Wuxi Biologics Cayman, Inc		64,976,575
	408,278		Zoetis, Inc		61,927,607
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		1,086,003,731
RETAILING - 10.9%
	156,951	*	Amazon.com, Inc		496,699,691
	27,370	*	Booking Holdings, Inc		45,492,498
	159,845		eBay, Inc		8,836,231
	73,689		Home Depot, Inc		19,563,693
	483,753		Lowe’s Companies, Inc		72,035,659
	1,070,929		TJX Companies, Inc		55,677,599
			TOTAL RETAILING		698,305,371
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 10.4%
	1,044,780	*	Advanced Micro Devices, Inc		80,897,315
	863,041		Applied Materials, Inc		55,519,428
	189,770		Broadcom, Inc		60,109,647
	189,199		Lam Research Corp		71,358,295
	1,766,616		Marvell Technology Group Ltd		64,428,486
	467,033		NVIDIA Corp		198,297,541
	494,608		NXP Semiconductors NV		58,131,278
	409,027		Skyworks Solutions, Inc		59,546,151
	147,782		Texas Instruments, Inc		18,849,594
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		667,137,735
SOFTWARE & SERVICES - 23.4%
	295,597	*	Adobe, Inc		131,339,659
	50,576	*,g	Adyen NV		84,419,237
	501,043	*	Akamai Technologies, Inc		56,337,275
	200,228	*	Atlassian Corp plc		35,370,276

10

TIAA-CREF FUNDS - Large-Cap Growth Fund

SHARES			COMPANY					VALUE
	308,297		Intuit, Inc					$	94,452,952
	362,028		Mastercard, Inc (Class A)						111,696,499
	1,548,490		Microsoft Corp						317,455,935
	88,606	*	Palo Alto Networks, Inc						22,676,047
	647,352	*	PayPal Holdings, Inc						126,926,307
	917,031	*	salesforce.com, Inc						178,683,490
	78,368	*	ServiceNow, Inc						34,419,226
	151,955	*	Splunk, Inc						31,883,198
	231,813	*	Square, Inc						30,100,918
	263,509	*	Twilio, Inc						73,102,667
	876,115		Visa, Inc (Class A)						166,812,296
	34		Xperi Holding Corp						627
	37,759	*	Zoom Video Communications, Inc						9,587,388
			TOTAL SOFTWARE & SERVICES						1,505,263,997
TECHNOLOGY HARDWARE & EQUIPMENT - 5.5%
	817,911	n	Apple, Inc						347,644,892
	97,271	*	Keysight Technologies, Inc						9,716,400
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						357,361,292
TELECOMMUNICATION SERVICES - 0.2%
	126,147	*	T-Mobile US, Inc						13,545,665
			TOTAL TELECOMMUNICATION SERVICES						13,545,665
TRANSPORTATION - 1.4%
	249,682		Kansas City Southern						42,907,851
	1,529,076	*	Uber Technologies, Inc						46,269,840
			TOTAL TRANSPORTATION						89,177,691
			TOTAL COMMON STOCKS						6,395,989,382
			(Cost $3,433,847,464)
PURCHASED OPTIONS - 0.0%
TECHNOLOGY HARDWARE & EQUIPMENT - 0.0%
	20,400		Apple, Inc						1,599,972
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						1,599,972
			TOTAL PURCHASED OPTIONS						1,599,972
			(Cost $552,652)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.8%
REPURCHASE AGREEMENT - 0.2%
$	14,700,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20		14,700,000
			TOTAL REPURCHASE AGREEMENT						14,700,000
TREASURY DEBT - 0.6%
	14,065,000		United States Treasury Bill		0.108		08/11/20		14,064,727

11

TIAA-CREF FUNDS - Large-Cap Growth Fund

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE
$	20,970,000	United States Treasury Bill		0.115	%	08/13/20	$	20,969,519
		TOTAL TREASURY DEBT						35,034,246
		TOTAL SHORT-TERM INVESTMENTS						49,734,246
		(Cost $49,733,776)
		TOTAL INVESTMENTS - 100.3%						6,447,323,600
		(Cost $3,484,133,892)
		OTHER ASSETS & LIABILITIES, NET - (0.3)%						(17,936,153	)
		NET ASSETS - 100.0%					$	6,429,387,447
	*	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 7/31/2020, the aggregate value of these securities is $149,395,812 or 2.3% 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.
	r	Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $14,700,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $14,994,094.

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

Description/underlying investment	Number of contracts	Notional amount			Exercise price		Expiration date			Value
Apple, Inc, Call	204	$	552,652		$	345.00		09/18/20	$	1,599,972
Written options outstanding as of July 31, 2020 were as follows:
Description/underlying investment	Number of contracts	Notional amount			Exercise price		Expiration date		Value
Apple, Inc, Call	200	$	(174,714	)	$	330.00		09/18/20	$	(1,922,000	)
Apple, Inc, Call	204		(295,720	)		370.00		09/18/20		(1,191,768	)
Apple, Inc, Call	206		(242,152	)		330.00		12/18/20		(2,064,532	)
Apple, Inc, Call	196		(539,296	)		370.00		12/18/20		(1,295,560	)
Apple, Inc, Put	200		(148,275	)		240.00		09/18/20		(4,800	)
Apple, Inc, Put	204		(247,051	)		320.00		09/18/20		(23,664	)
Apple, Inc, Put	206		(439,422	)		250.00		12/18/20		(36,874	)
Tesla, Inc, Call	112		(866,633	)		1,700.00		08/21/20		(229,600	)
Total	1,528	$	(2,953,263	)					$	(6,768,798	)

12

TIAA-CREF FUNDS - Large-Cap Value Fund

TIAA-CREF FUNDS

LARGE-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.3%
BANKS - 10.8%
	6,040,000		Bank of America Corp	$	150,275,200
	2,375,000		Citigroup, Inc		118,773,750
	1,870,000		JPMorgan Chase & Co		180,716,800
	450,000		PNC Financial Services Group, Inc		48,001,500
	1,200,000		US Bancorp		44,208,000
	850,000		Wells Fargo & Co		20,621,000
			TOTAL BANKS		562,596,250
CAPITAL GOODS - 12.2%
	235,000		Allegion plc		23,373,100
	105,000		Boeing Co		16,590,000
	330,000		Caterpillar, Inc		43,850,400
	480,000		Deere & Co		84,628,800
	495,000		Dover Corp		50,950,350
	500,000		Eaton Corp		46,565,000
	665,000		Honeywell International, Inc		99,331,050
	1,250,000		Masco Corp		71,450,000
	335,000		Parker-Hannifin Corp		59,938,200
	680,000		Raytheon Technologies Corp		38,542,400
	183,500		Stanley Black & Decker, Inc		28,134,220
	635,000		Trane Technologies plc		71,037,450
			TOTAL CAPITAL GOODS		634,390,970
CONSUMER DURABLES & APPAREL - 1.4%
	19,000	*	NVR, Inc		74,672,850
			TOTAL CONSUMER DURABLES & APPAREL		74,672,850
CONSUMER SERVICES - 1.7%
	525,000		Hilton Worldwide Holdings, Inc		39,401,250
	267,500		McDonald’s Corp		51,969,900
			TOTAL CONSUMER SERVICES		91,371,150
DIVERSIFIED FINANCIALS - 3.6%
	675,000		American Express Co		62,991,000
	76,000		BlackRock, Inc		43,700,760
	400,000		Goldman Sachs Group, Inc		79,184,000
			TOTAL DIVERSIFIED FINANCIALS		185,875,760
ENERGY - 4.1%
	1,065,000		Chevron Corp		89,396,100
	1,120,000		ConocoPhillips		41,876,800
	810,000		EOG Resources, Inc		37,948,500
	775,000		Valero Energy Corp		43,578,250
			TOTAL ENERGY		212,799,650

13

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
FOOD & STAPLES RETAILING - 1.7%
	687,500		Walmart, Inc	$	88,962,500
			TOTAL FOOD & STAPLES RETAILING		88,962,500
FOOD, BEVERAGE & TOBACCO - 2.4%
	950,000		Mondelez International, Inc		52,715,500
	207,500		PepsiCo, Inc		28,564,450
	550,000		Philip Morris International, Inc		42,245,500
			TOTAL FOOD, BEVERAGE & TOBACCO		123,525,450
HEALTH CARE EQUIPMENT & SERVICES - 8.6%
	246,000		Anthem, Inc		67,354,800
	370,000		Cigna Corp		63,895,300
	935,000		CVS Health Corp		58,848,900
	380,000		HCA Healthcare, Inc		48,123,200
	560,000		Medtronic plc		54,028,800
	250,000		UnitedHealth Group, Inc		75,695,000
	575,000		Zimmer Biomet Holdings, Inc		77,544,500
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		445,490,500
HOUSEHOLD & PERSONAL PRODUCTS - 1.4%
	550,000		Procter & Gamble Co		72,116,000
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		72,116,000
INSURANCE - 6.4%
	1,965,000		American International Group, Inc		63,155,100
	395,000	*	Berkshire Hathaway, Inc (Class B)		77,333,100
	625,000		Chubb Ltd		79,525,000
	715,000		Lincoln National Corp		26,648,050
	440,000		Marsh & McLennan Cos, Inc		51,304,000
	525,000		Prudential Financial, Inc		33,269,250
			TOTAL INSURANCE		331,234,500
MATERIALS - 4.0%
	470,000		Ball Corp		34,606,100
	1,000,000		Corteva, Inc		28,560,000
	800,000	*	Crown Holdings, Inc		57,264,000
	645,000		DuPont de Nemours, Inc		34,494,600
	485,000		PPG Industries, Inc		52,210,250
			TOTAL MATERIALS		207,134,950
MEDIA & ENTERTAINMENT - 7.5%
	68,000	*	Alphabet, Inc (Class C)		100,841,280
	73,000	*	Charter Communications, Inc		42,340,000
	3,035,000		Comcast Corp (Class A)		129,898,000
	980,000		Walt Disney Co		114,601,200
			TOTAL MEDIA & ENTERTAINMENT		387,680,480
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.4%
	172,500		Amgen, Inc		42,205,575
	940,000		Bristol-Myers Squibb Co		55,140,400
	225,000		Gilead Sciences, Inc		15,644,250
	1,135,000		Johnson & Johnson		165,437,600
	625,000		Merck & Co, Inc		50,150,000
	2,775,000		Pfizer, Inc		106,782,000
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		435,359,825

14

TIAA-CREF FUNDS - Large-Cap Value Fund

SHARES			COMPANY	VALUE
REAL ESTATE - 1.5%
	145,000		AvalonBay Communities, Inc	$	22,202,400
	525,000		Prologis, Inc		55,345,500
			TOTAL REAL ESTATE		77,547,900
RETAILING - 2.2%
	425,000		Home Depot, Inc		112,833,250
			TOTAL RETAILING		112,833,250
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 6.0%
	340,000		Analog Devices, Inc		39,049,000
	1,078,594		Applied Materials, Inc		69,385,952
	1,700,000		Intel Corp		81,141,000
	70,000		Lam Research Corp		26,401,200
	950,000	*	Micron Technology, Inc		47,552,250
	400,000		NXP Semiconductors NV		47,012,000
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		310,541,402
SOFTWARE & SERVICES - 3.5%
	310,000		Accenture plc		69,681,800
	410,000		Microsoft Corp		84,054,100
	530,000		Oracle Corp		29,388,500
			TOTAL SOFTWARE & SERVICES		183,124,400
TECHNOLOGY HARDWARE & EQUIPMENT - 3.1%
	1,850,000		Cisco Systems, Inc		87,135,000
	825,000		TE Connectivity Ltd		73,482,750
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		160,617,750
TELECOMMUNICATION SERVICES - 2.3%
	850,000		AT&T, Inc		25,143,000
	425,000	*	T-Mobile US, Inc		45,636,500
	900,000		Verizon Communications, Inc		51,732,000
			TOTAL TELECOMMUNICATION SERVICES		122,511,500
TRANSPORTATION - 2.9%
	490,000		CSX Corp		34,956,600
	490,000		Union Pacific Corp		84,941,500
	215,000		United Parcel Service, Inc (Class B)		30,693,400
			TOTAL TRANSPORTATION		150,591,500
UTILITIES - 3.6%
	600,000		American Electric Power Co, Inc		52,128,000
	2,540,000		Centerpoint Energy, Inc		48,285,400
	525,000		Entergy Corp		55,193,250
	625,000		FirstEnergy Corp		18,125,000
	55,000		NextEra Energy, Inc		15,438,500
			TOTAL UTILITIES		189,170,150
			TOTAL COMMON STOCKS		5,160,148,687
			(Cost $4,581,172,538)

15

TIAA-CREF FUNDS - Large-Cap Value Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 1.0%
REPURCHASE AGREEMENT - 0.3%
$	16,860,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20	$	16,860,000
			TOTAL REPURCHASE AGREEMENT						16,860,000
TREASURY DEBT - 0.7%
	14,100,000		United States Treasury Bill		0.119		08/04/20		14,099,971
	20,755,000		United States Treasury Bill		0.093-0.116		09/03/20		20,753,347
			TOTAL TREASURY DEBT						34,853,318
			TOTAL SHORT-TERM INVESTMENTS						51,713,318
			(Cost $51,712,841)
			TOTAL INVESTMENTS - 100.3%						5,211,862,005
			(Cost $4,632,885,379)
			OTHER ASSETS & LIABILITIES, NET - (0.3)%						(13,541,661	)
			NET ASSETS - 100.0%					$	5,198,320,344
	*		Non-income producing
	r		Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $16,860,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $17,197,201.

16

TIAA-CREF FUNDS - Mid-Cap Growth Fund

TIAA-CREF FUNDS

MID-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 0.6%
	97,996		Aptiv plc	$	7,619,189
			TOTAL AUTOMOBILES & COMPONENTS		7,619,189
CAPITAL GOODS - 3.1%
	79,109		Ametek, Inc		7,376,914
	18,097	*	Teledyne Technologies, Inc		5,550,350
	28,867		TransDigm Group, Inc		12,458,420
	48,660		W.W. Grainger, Inc		16,618,850
			TOTAL CAPITAL GOODS		42,004,534
COMMERCIAL & PROFESSIONAL SERVICES - 9.0%
	144,232	*	Cimpress plc		14,423,200
	65,458		Cintas Corp		19,759,806
	960,887	*	Clarivate Analytics plc		26,568,525
	389,288		Experian Group Ltd		13,597,872
	173,079		IHS Markit Ltd		13,972,668
	115,385	*	Stericycle, Inc		6,973,292
	264,426		Waste Connections, Inc		27,069,290
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		122,364,653
CONSUMER DURABLES & APPAREL - 5.7%
	330,768	*	Capri Holdings Ltd		4,954,905
	131,384		Garmin Ltd		12,953,149
	54,381	*	Lululemon Athletica, Inc		17,705,910
	180,556	*	Peloton Interactive, Inc		12,317,530
	1,751,700		Prada S.p.A		6,762,059
	168,270	*	Tempur Sealy International, Inc		13,621,457
	961,552	*	Under Armour, Inc (Class C)		9,125,128
			TOTAL CONSUMER DURABLES & APPAREL		77,440,138
CONSUMER SERVICES - 3.9%
	23,658	*	Chipotle Mexican Grill, Inc (Class A)		27,328,775
	48,661	*	Flutter Entertainment plc		7,287,721
	76,940		Royal Caribbean Cruises Ltd		3,747,748
	146,568	*,e	Shake Shack, Inc		7,115,876
	108,343		Wynn Resorts Ltd		7,847,284
			TOTAL CONSUMER SERVICES		53,327,404
DIVERSIFIED FINANCIALS - 3.1%
	134,616		Discover Financial Services		6,654,069
	40,736		MSCI, Inc (Class A)		15,315,921
	172,746		Tradeweb Markets, Inc		9,340,376
	216,667		Voya Financial, Inc		10,703,350
			TOTAL DIVERSIFIED FINANCIALS		42,013,716

17

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
FOOD, BEVERAGE & TOBACCO - 2.0%
	56,709	*	Beyond Meat, Inc	$	7,139,663
	741,148		Davide Campari-Milano NV		7,482,163
	236,265		Fevertree Drinks plc		6,732,719
	83,377	*	Monster Beverage Corp		6,543,427
			TOTAL FOOD, BEVERAGE & TOBACCO		27,897,972
HEALTH CARE EQUIPMENT & SERVICES - 10.8%
	194,643	*	1Life Healthcare, Inc		5,763,379
	96,348	*	Align Technology, Inc		28,308,969
	151,821	*	Guardant Health, Inc		12,932,113
	39,560	*	IDEXX Laboratories, Inc		15,734,990
	68,124	*	Insulet Corp		13,853,697
	144,036	*	Molina Healthcare, Inc		26,603,449
	77,856	*	Nevro Corp		10,351,734
	48,220		Teleflex, Inc		17,990,882
	58,401		West Pharmaceutical Services, Inc		15,702,277
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		147,241,490
HOUSEHOLD & PERSONAL PRODUCTS - 1.5%
	43,283		Clorox Co		10,236,862
	288,464		Reynolds Consumer Products Inc		9,825,084
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		20,061,946
INSURANCE - 0.7%
	192,309	*,e	Trupanion, Inc		9,725,066
			TOTAL INSURANCE		9,725,066
MEDIA & ENTERTAINMENT - 7.2%
	120,000	*	Berkeley Lights, Inc		7,196,400
	143,369	*	IAC/InterActiveCorp		18,984,923
	150,849	*	JDE Peet’s BV		6,707,899
	98,875	*	Lemonade, Inc		5,752,547
	201,505	*	Match Group, Inc		20,694,564
	67,323	*	Take-Two Interactive Software, Inc		11,042,318
	631,950	*	Twitter, Inc		23,002,980
	86,539	*	Vroom, Inc		5,122,243
			TOTAL MEDIA & ENTERTAINMENT		98,503,874
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.4%
	107,053	*	10X Genomics, Inc		10,530,804
	622,917	*	Avantor, Inc		13,754,007
	204,375	*	BioMarin Pharmaceutical, Inc		24,486,169
	175,179	*	Catalent, Inc		15,300,134
	291,959	*	Elanco Animal Health, Inc		6,898,991
	204,375	*	Exact Sciences Corp		19,364,531
	222,470	*	Horizon Therapeutics Plc		13,612,939
	116,786		Perrigo Co plc		6,191,994
	97,321	*	Royalty Pharma plc		4,189,669
	80,556	*	Seattle Genetics, Inc		13,394,046
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		127,723,284
REAL ESTATE - 0.7%
	245,506		Americold Realty Trust		9,906,167
			TOTAL REAL ESTATE		9,906,167

18

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY	VALUE
RETAILING - 10.0%
	192,310	*	ASOS plc	$	8,412,332
	17,527	*	AutoZone, Inc		21,162,450
	63,202	*	Burlington Stores, Inc		11,881,976
	130,000	*	CarMax, Inc		12,606,100
	180,556	*	Dollar Tree, Inc		16,854,903
	128,548		Expedia Group Inc		10,413,673
	425,166	*,e	Farfetch Ltd		10,897,005
	88,999	*	Five Below, Inc		9,692,881
	197,751	*	GrubHub, Inc		14,285,532
	57,707		Tiffany & Co		7,234,150
	240,387	*	Trip.com Group Ltd (ADR)		6,538,526
	291,965	*	Vipshop Holdings Ltd (ADR)		6,648,043
			TOTAL RETAILING		136,627,571
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.8%
	145,982		Entegris, Inc		10,497,565
	66,163		Microchip Technology, Inc		6,730,762
	58,401		Monolithic Power Systems, Inc		15,476,849
	90,288		NXP Semiconductors NV		10,611,549
	97,321		Skyworks Solutions, Inc		14,167,991
	194,643		Xilinx, Inc		20,894,926
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		78,379,642
SOFTWARE & SERVICES - 21.9%
	13,569	*,g	Adyen NV		22,648,779
	291,965	*	Anaplan, Inc		13,258,131
	207,639	*	Black Knight, Inc		15,556,314
	192,309	*	Datadog, Inc		18,050,123
	150,848	*	DocuSign, Inc		32,708,372
	36,149	*,e	Everbridge, Inc		5,162,077
	72,131	*	HubSpot, Inc		16,922,654
	289,426	*	Medallia, Inc		8,894,061
	58,401	*	MongoDB, Inc		13,378,501
	2,395	*	nCino, Inc		189,444
	83,975	*	Okta, Inc		18,556,795
	19,780	*	Palo Alto Networks, Inc		5,062,098
	102,187	*	Paylocity Holding Corp		13,611,308
	136,249	*	Proofpoint, Inc		15,759,922
	84,625	*	RingCentral, Inc		24,564,099
	1,557,151		Sabre Corp		11,772,061
	563,592	*	Slack Technologies, Inc		16,654,144
	154,566	*	Synopsys, Inc		30,792,638
	163,145	*	Zendesk, Inc		14,870,667
			TOTAL SOFTWARE & SERVICES		298,412,188
TECHNOLOGY HARDWARE & EQUIPMENT - 2.6%
	216,667		Amphenol Corp (Class A)		22,914,702
	131,384	*	Keysight Technologies, Inc		13,123,948
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		36,038,650
TELECOMMUNICATION SERVICES - 1.4%
	89,225	g	Cellnex Telecom SAU		5,615,322
	176,020	*	GCI Liberty, Inc		13,798,208
			TOTAL TELECOMMUNICATION SERVICES		19,413,530

19

TIAA-CREF FUNDS - Mid-Cap Growth Fund

SHARES			COMPANY					VALUE
TRANSPORTATION - 0.4%
	189,583	*	Lyft, Inc (Class A)					$	5,541,511
			TOTAL TRANSPORTATION						5,541,511
			TOTAL COMMON STOCKS						1,360,242,525
			(Cost $1,072,014,413)
RIGHTS / WARRANTS - 0.0%
UTILITIES - 0.0%
	90,240		Cellnex Telecom S.A.						377,359
			TOTAL UTILITIES						377,359
			TOTAL RIGHTS / WARRANTS						377,359
			(Cost $0)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 1.4%
REPURCHASE AGREEMENT - 0.5%
$	6,695,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20		6,695,000
			TOTAL REPURCHASE AGREEMENT						6,695,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.9%
	12,654,620	c	State Street Navigator Securities Lending Government Money Market Portfolio						12,654,620
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						12,654,620
			TOTAL SHORT-TERM INVESTMENTS						19,349,620
			(Cost $19,349,620)
			TOTAL INVESTMENTS - 101.2%						1,379,969,504
			(Cost $1,091,364,033)
			OTHER ASSETS & LIABILITIES, NET - (1.2)%						(16,150,156	)
			NET ASSETS - 100.0%					$	1,363,819,348
			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 $15,035,467.
	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 7/31/2020, the aggregate value of these securities is $28,264,101 or 2.1% of net assets.
	r		Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $6,695,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $6,828,930.

20

TIAA-CREF FUNDS - Mid-Cap Value Fund

TIAA-CREF FUNDS

MID-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.4%
BANKS - 4.0%
	489,472		Citizens Financial Group, Inc	$	12,143,800
	317,240		East West Bancorp, Inc		10,995,539
	691,158		Fifth Third Bancorp		13,726,398
	503,796		Synovus Financial Corp		10,151,489
	360,636		TCF Financial Corp		9,913,884
	360,053		Western Alliance Bancorp		12,943,905
			TOTAL BANKS		69,875,015
CAPITAL GOODS - 7.9%
	190,160		Eaton Corp		17,709,601
	135,335		L3Harris Technologies, Inc		22,780,940
	298,729	*,e	Mastec, Inc		11,883,440
	305,838		Owens Corning, Inc		18,494,024
	138,070		Parker-Hannifin Corp		24,703,484
	192,657		Stanley Black & Decker, Inc		29,538,171
	295,095		Timken Co		13,474,038
			TOTAL CAPITAL GOODS		138,583,698
CONSUMER DURABLES & APPAREL - 5.7%
	354,346		Brunswick Corp		23,734,095
	241,052	*	Meritage Homes Corp		23,907,537
	1,534,687		Newell Brands Inc		25,168,867
	1,457,594	*	Under Armour, Inc (Class C)		13,832,567
	82,284		Whirlpool Corp		13,422,166
			TOTAL CONSUMER DURABLES & APPAREL		100,065,232
CONSUMER SERVICES - 3.2%
	582,029		Wyndham Destinations, Inc		15,481,972
	513,946		Wyndham Hotels & Resorts, Inc		22,695,855
	190,746		Yum! Brands, Inc		17,367,423
			TOTAL CONSUMER SERVICES		55,545,250
DIVERSIFIED FINANCIALS - 8.5%
	1,881,444		AGNC Investment Corp		25,587,639
	129,210		Ameriprise Financial, Inc		19,850,532
	465,486		Bank of New York Mellon Corp		16,687,673
	52,328		Colony Credit Real Estate, Inc		329,666
	389,053		Discover Financial Services		19,230,890
	325,046		OneMain Holdings, Inc		9,328,820
	1,312,943		Starwood Property Trust, Inc		19,628,498
	2,906,159		Two Harbors Investment Corp		15,780,443
	451,299		Voya Financial, Inc		22,294,171
			TOTAL DIVERSIFIED FINANCIALS		148,718,332
ENERGY - 2.1%
	422,294		Marathon Petroleum Corp		16,131,631
	741,657		Parsley Energy, Inc		8,143,394

21

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	117,995		Pioneer Natural Resources Co	$	11,436,075
			TOTAL ENERGY		35,711,100
FOOD, BEVERAGE & TOBACCO - 2.5%
	597,196		Keurig Dr Pepper, Inc		18,268,226
	422,414		Tyson Foods, Inc (Class A)		25,957,340
			TOTAL FOOD, BEVERAGE & TOBACCO		44,225,566
HEALTH CARE EQUIPMENT & SERVICES - 8.3%
	355,702	*	Centene Corp		23,209,555
	306,401	*	Hologic, Inc		21,380,662
	170,689		McKesson Corp		25,630,660
	97,418	*	Molina Healthcare, Inc		17,993,105
	204,512		Quest Diagnostics, Inc		25,987,340
	227,089		Zimmer Biomet Holdings, Inc		30,625,222
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		144,826,544
HOUSEHOLD & PERSONAL PRODUCTS - 1.1%
	398,518		Energizer Holdings, Inc		19,977,707
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		19,977,707
INSURANCE - 5.4%
	160,241		Allstate Corp		15,125,148
	248,149	*	Argo Group International Holdings Ltd		8,315,473
	1,245,177	*	BRP Group, Inc		21,728,339
	579,656		Hartford Financial Services Group, Inc		24,531,042
	118,096		Willis Towers Watson plc		24,801,341
			TOTAL INSURANCE		94,501,343
MATERIALS - 6.0%
	111,381		Avery Dennison Corp		12,623,923
	543,170	*	Berry Global Group, Inc		27,153,068
	328,192		DuPont de Nemours, Inc		17,551,708
	202,110		International Flavors & Fragrances, Inc		25,455,754
	304,668		Newmont Goldcorp Corp		21,083,026
			TOTAL MATERIALS		103,867,479
MEDIA & ENTERTAINMENT - 2.5%
	743,466	*	Altice USA, Inc		20,066,147
	1,974,400	*	Conyers Park II Acquisition Corp		23,771,776
			TOTAL MEDIA & ENTERTAINMENT		43,837,923
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 4.0%
	180,760	*	Jazz Pharmaceuticals plc		19,567,270
	356,212		Perrigo Co plc		18,886,360
	344,712	*	Prestige Consumer Healthcare, Inc.		12,819,840
	169,113	*	United Therapeutics Corp		18,851,026
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		70,124,496
REAL ESTATE - 9.3%
	167,789		Camden Property Trust		15,236,919
	8,161		Gaming and Leisure Properties, Inc		295,510
	653,354		Invitation Homes, Inc		19,483,016
	683,378		MGM Growth Properties LLC		18,683,555
	544,887		Omega Healthcare Investors, Inc		17,643,441

22

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
	256,242		QTS Realty Trust, Inc	$	18,436,612
	643,094		Rexford Industrial Realty, Inc		30,180,401
	142,032		Sun Communities, Inc		21,294,858
	391,609		Welltower, Inc		20,974,578
			TOTAL REAL ESTATE		162,228,890
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.8%
	434,247	*,e	Cree, Inc		29,928,303
	48,087		Lam Research Corp		18,136,493
	504,805		Marvell Technology Group Ltd		18,410,238
	255,498	*	Micron Technology, Inc		12,788,953
	184,887		NXP Semiconductors NV		21,729,769
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		100,993,756
SOFTWARE & SERVICES - 2.1%
	119,831	*	j2 Global, Inc		6,796,814
	110,846	*	Proofpoint, Inc		12,821,557
	83,266	*	Synopsys, Inc		16,588,253
			TOTAL SOFTWARE & SERVICES		36,206,624
TECHNOLOGY HARDWARE & EQUIPMENT - 2.2%
	420,042	*	Ciena Corp		24,996,700
	294,184		Western Digital Corp		12,679,330
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		37,676,030
TRANSPORTATION - 2.3%
	169,624		Kansas City Southern		29,149,884
	355,059		Southwest Airlines Co		10,967,773
			TOTAL TRANSPORTATION		40,117,657
UTILITIES - 15.5%
	586,984		Alliant Energy Corp		31,609,088
	331,767		American Electric Power Co, Inc		28,823,917
	1,865,884		Centerpoint Energy, Inc		35,470,455
	361,826		Entergy Corp		38,038,767
	1,129,895		Equitable Holdings, Inc		23,117,652
	487,372		Evergy, Inc		31,596,327
	727,018		Exelon Corp		28,070,165
	928,995		FirstEnergy Corp		26,940,855
	1,379,238		Vistra Energy Corp		25,736,581
			TOTAL UTILITIES		269,403,807
			TOTAL COMMON STOCKS		1,716,486,449
			(Cost $1,680,295,040)

PRINCIPAL		ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 2.1%
TREASURY DEBT - 1.4%
$	23,675,000	United States Treasury Bill		0.058-0.096	%	08/06/20	23,674,838
		TOTAL TREASURY DEBT					23,674,838

23

TIAA-CREF FUNDS - Mid-Cap Value Fund

SHARES			COMPANY	VALUE
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.7%
	11,779,777	c	State Street Navigator Securities Lending Government Money Market Portfolio	$	11,779,777
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		11,779,777
			TOTAL SHORT-TERM INVESTMENTS		35,454,615
			(Cost $35,454,467)
			TOTAL INVESTMENTS - 100.5%		1,751,941,064
			(Cost $1,715,749,507)
			OTHER ASSETS & LIABILITIES, NET - (0.5)%		(8,067,109	)
			NET ASSETS - 100.0%	$	1,743,873,955
			Abbreviation(s):
	*		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 $12,074,717.

24

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

TIAA-CREF FUNDS

QUANT LARGE-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 1.2%
	25,970	*	Tesla, Inc	$	37,156,837
			TOTAL AUTOMOBILES & COMPONENTS		37,156,837
CAPITAL GOODS - 2.2%
	48,836		3M Co		7,348,353
	72,515		Allison Transmission Holdings, Inc		2,709,160
	14,650		Armstrong World Industries, Inc		1,043,666
	1,061		Carlisle Cos, Inc		126,344
	102,740		Graco, Inc		5,469,878
	31,210		Illinois Tool Works, Inc		5,773,538
	57,038		Lockheed Martin Corp		21,615,691
	105,950	*	Mercury Systems, Inc		8,203,709
	41,947		Northrop Grumman Corp		13,633,194
	5,160	*,e	Virgin Galactic Holdings, Inc		115,842
			TOTAL CAPITAL GOODS		66,039,375
COMMERCIAL & PROFESSIONAL SERVICES - 0.8%
	64,347	*	Copart, Inc		6,000,358
	22,210		Equifax, Inc		3,610,458
	175,046		TransUnion		15,678,870
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		25,289,686
CONSUMER DURABLES & APPAREL - 1.1%
	167,229		Nike, Inc (Class B)		16,323,223
	1,618	*	NVR, Inc		6,358,983
	83,410	*	Peloton Interactive, Inc		5,690,230
	55,455	*	Tempur Sealy International, Inc		4,489,082
			TOTAL CONSUMER DURABLES & APPAREL		32,861,518
CONSUMER SERVICES - 0.6%
	3,790	*	Chegg, Inc		306,876
	1,460	*	Chipotle Mexican Grill, Inc (Class A)		1,686,534
	6,290		Domino’s Pizza, Inc		2,431,777
	3,730		Dunkin Brands Group, Inc		256,363
	140,620		Las Vegas Sands Corp		6,136,657
	8,850		McDonald’s Corp		1,719,378
	12,450		Wynn Resorts Ltd		901,753
	67,620		Yum! Brands, Inc		6,156,801
			TOTAL CONSUMER SERVICES		19,596,139
DIVERSIFIED FINANCIALS - 2.0%
	39,837		Charles Schwab Corp		1,320,597
	172,693		Intercontinental Exchange Group, Inc		16,713,229
	67,000		iShares Russell 1000 Growth Index Fund		13,860,960
	40,075		LPL Financial Holdings, Inc		3,166,726

25

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

SHARES			COMPANY	VALUE
	14,140		MarketAxess Holdings, Inc	$	7,306,138
	15,550		Morningstar, Inc		2,613,022
	16,070		S&P Global, Inc		5,628,517
	83,420		Tradeweb Markets, Inc		4,510,519
	189,086		Virtu Financial, Inc		4,689,333
			TOTAL DIVERSIFIED FINANCIALS		59,809,041
FOOD & STAPLES RETAILING - 1.2%
	114,317		Costco Wholesale Corp		37,213,613
			TOTAL FOOD & STAPLES RETAILING		37,213,613
FOOD, BEVERAGE & TOBACCO - 2.0%
	279,694		Altria Group, Inc		11,509,408
	4,410	*	Beyond Meat, Inc		555,219
	233,116		Coca-Cola Co		11,012,400
	39,223		Hershey Co		5,703,416
	79,660	*	Monster Beverage Corp		6,251,717
	193,229		PepsiCo, Inc		26,599,904
			TOTAL FOOD, BEVERAGE & TOBACCO		61,632,064
HEALTH CARE EQUIPMENT & SERVICES - 6.5%
	232,460		Abbott Laboratories		23,394,774
	8,790		Anthem, Inc		2,406,702
	119,538		Baxter International, Inc		10,325,693
	3,300		Cardinal Health, Inc		180,246
	88,325		Cigna Corp		15,252,844
	23,627	*	DexCom, Inc		10,290,504
	282,994	*	Edwards Lifesciences Corp		22,189,560
	27,386		HCA Healthcare, Inc		3,468,163
	15,920		Hill-Rom Holdings, Inc		1,547,742
	139,184	*	Hologic, Inc		9,712,260
	660	*	Intuitive Surgical, Inc		452,390
	9,480	*,e	Livongo Health, Inc		1,206,330
	41,140		McKesson Corp		6,177,582
	74,520	*	PPD, Inc		2,188,652
	195,918		UnitedHealth Group, Inc		59,320,052
	72,250	*	Veeva Systems, Inc		19,115,183
	33,893		West Pharmaceutical Services, Inc		9,112,811
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		196,341,488
HOUSEHOLD & PERSONAL PRODUCTS - 1.1%
	14,740		Energizer Holdings, Inc		738,916
	34,460		Estee Lauder Cos (Class A)		6,807,229
	130,930	*	Herbalife Nutrition Ltd		6,708,853
	122,252		Procter & Gamble Co		16,029,682
	48,250		Reynolds Consumer Products Inc		1,643,395
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		31,928,075
INSURANCE - 0.0%
	10		Alleghany Corp		5,223
			TOTAL INSURANCE		5,223
MATERIALS - 0.4%
	178,210	*	Berry Global Group, Inc		8,908,718
	950		Ecolab, Inc		177,726

26

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

SHARES			COMPANY	VALUE
	4,190		Sherwin-Williams Co	$	2,714,785
			TOTAL MATERIALS		11,801,229
MEDIA & ENTERTAINMENT - 10.7%
	54,468	*	Alphabet, Inc (Class A)		81,045,660
	40,581	*	Alphabet, Inc (Class C)		60,180,000
	408,398	*	Altice USA, Inc		11,022,662
	1,060	*	Charter Communications, Inc		614,800
	69,805	*	Electronic Arts, Inc		9,885,784
	474,307	*	Facebook, Inc		120,317,457
	3,970	*	IAC/InterActiveCorp		525,707
	36,938	*	Match Group, Inc		3,793,533
	69,356	*	Netflix, Inc		33,906,761
	21,125	*	Roku, Inc		3,272,051
	7,734	*	Spotify Technology S.A.		1,993,980
	1,560	e	World Wrestling Entertainment, Inc (Class A)		72,712
			TOTAL MEDIA & ENTERTAINMENT		326,631,107
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.3%
	32,270	*	10X Genomics, Inc		3,174,400
	368,019		AbbVie, Inc		34,928,683
	214,280	*	Acadia Pharmaceuticals, Inc		8,907,620
	66,140	*	Adaptive Biotechnologies Corp		2,468,345
	116,671	*	Alexion Pharmaceuticals, Inc		11,957,611
	75,438		Amgen, Inc		18,457,415
	491,650	*	Avantor, Inc		10,855,632
	365,023		Bristol-Myers Squibb Co		21,412,249
	209,316		Eli Lilly & Co		31,458,102
	30,131	*	Horizon Therapeutics Plc		1,843,716
	169,270	*	Immunomedics, Inc		7,148,272
	40,054	*	Incyte Corp		3,955,733
	3,750	*	Iovance Biotherapeutics, Inc		109,013
	30,260	*	IQVIA Holdings, Inc		4,792,881
	149,301		Johnson & Johnson		21,762,114
	561,093		Merck & Co, Inc		45,022,102
	33,430	*	Moderna, Inc		2,477,163
	58,682	*	PRA Health Sciences, Inc		6,253,154
	35,012	*	Sage Therapeutics, Inc		1,595,497
	24,470	*	Sarepta Therapeutics, Inc		3,756,634
	47,220	*	Seattle Genetics, Inc		7,851,269
	39,282		Thermo Fisher Scientific, Inc		16,260,784
	54,150	*	Vertex Pharmaceuticals, Inc		14,728,800
	5,819		Zoetis, Inc		882,626
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		282,059,815
REAL ESTATE - 1.6%
	82,049		American Tower Corp		21,446,788
	60,245		Americold Realty Trust		2,430,886
	31,950		Crown Castle International Corp		5,326,065
	13,980		Equinix, Inc		10,981,010
	60,742		Equity Lifestyle Properties, Inc		4,149,894
	12,610		SBA Communications Corp		3,928,519
			TOTAL REAL ESTATE		48,263,162
RETAILING - 13.2%
	85,808	*	Amazon.com, Inc		271,554,861

27

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

SHARES			COMPANY	VALUE
	900	*	Booking Holdings, Inc	$	1,495,917
	112,871		Dollar General Corp		21,490,638
	149,983	*	Dollar Tree, Inc		14,000,913
	19,420		eBay, Inc		1,073,538
	36,700	*	Etsy, Inc		4,344,546
	20,669	*	GrubHub, Inc		1,493,129
	152,445		Home Depot, Inc		40,472,623
	234,940		Lowe’s Companies, Inc		34,984,915
	81,850		Ross Stores, Inc		7,339,489
	2,720		Tractor Supply Co		388,253
	8,940	*,e	Wayfair, Inc		2,378,845
			TOTAL RETAILING		401,017,667
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.5%
	99,867	*	Advanced Micro Devices, Inc		7,732,702
	65,249		Applied Materials, Inc		4,197,468
	48,261		Broadcom, Inc		15,286,672
	149,240		Entegris, Inc		10,731,848
	105,500	*	Inphi Corp		13,784,630
	2,120		KLA Corp		423,640
	43,228		Lam Research Corp		16,303,873
	73,900		Maxim Integrated Products, Inc		5,031,851
	30,900		Microchip Technology, Inc		3,143,457
	54,100		MKS Instruments, Inc		6,894,504
	17,520		Monolithic Power Systems, Inc		4,642,975
	108,665		NVIDIA Corp		46,138,072
	254,949		QUALCOMM, Inc		26,925,164
	58,029		Texas Instruments, Inc		7,401,599
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		168,638,455
SOFTWARE & SERVICES - 27.5%
	42,053	*	2U, Inc		1,980,486
	83,742		Accenture plc		18,823,527
	69,430	*	Adobe, Inc		30,849,138
	70,028	*	Anaplan, Inc		3,179,971
	28,960	*	Atlassian Corp plc		5,115,784
	72,907	*	Autodesk, Inc		17,237,402
	40,200	*	Bill.Com Holdings, Inc		3,743,022
	116,350	*	Black Knight, Inc		8,716,942
	61,567		Booz Allen Hamilton Holding Co		5,033,718
	33,080	*	CACI International, Inc (Class A)		6,874,686
	125,937	*	Cadence Design Systems, Inc		13,758,617
	8,380		Citrix Systems, Inc		1,196,329
	45,103		CoreLogic Inc		3,074,220
	60,370	*	Crowdstrike Holdings, Inc		6,833,884
	64,670	*	Datadog, Inc		6,069,926
	83,620	*	DocuSign, Inc		18,131,325
	411,247	*	Dropbox, Inc		9,355,869
	52,468	*	Dynatrace, Inc		2,194,736
	232	*	Euronet Worldwide, Inc		22,304
	8,750	*	Fastly, Inc		844,287
	161,907	*	Fiserv, Inc		16,156,700
	55,600	*	Fortinet, Inc		7,689,480
	196,511	*	GoDaddy, Inc		13,810,793
	88,300		Intuit, Inc		27,052,471
	27,330		Jack Henry & Associates, Inc		4,872,939

28

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

SHARES			COMPANY					VALUE
	140,460		Leidos Holdings, Inc					$	13,366,174
	205,351		Mastercard, Inc (Class A)						63,356,944
	45,490	*	Medallia, Inc						1,397,908
	1,446,357		Microsoft Corp						296,517,649
	124,250	*	Nutanix, Inc						2,757,108
	1,280	*	Okta, Inc						282,854
	118,252		Oracle Corp						6,557,073
	10,709	*	Pagerduty, Inc						326,410
	3,790	*	Paycom Software, Inc						1,077,762
	237,063	*	PayPal Holdings, Inc						46,480,942
	211,868	*	Pluralsight, Inc						4,485,246
	22,430	*	Proofpoint, Inc						2,594,478
	14,642	*	RingCentral, Inc						4,250,133
	151,267	*	salesforce.com, Inc						29,474,375
	30,064	*	ServiceNow, Inc						13,204,109
	91,240	*	Square, Inc						11,847,514
	101,084		SS&C Technologies Holdings, Inc						5,812,330
	189,729		Switch, Inc						3,413,225
	34,850	*	Synopsys, Inc						6,942,817
	22,626	*	Twilio, Inc						6,276,905
	35,350	*	VeriSign, Inc						7,482,888
	264,198		Visa, Inc (Class A)						50,303,299
	3,150	*	VMware, Inc (Class A)						441,662
	12,535	*	Workday, Inc						2,267,832
	64,110	*	Zendesk, Inc						5,843,627
	59,700	*	Zoom Video Communications, Inc						15,158,427
	31,510	*	Zscaler, Inc						4,091,574
			TOTAL SOFTWARE & SERVICES						838,629,821
TECHNOLOGY HARDWARE & EQUIPMENT - 11.9%
	94,430		Amphenol Corp (Class A)						9,986,917
	760,279		Apple, Inc						323,148,986
	112,953		CDW Corp						13,130,786
	23,030	*	Keysight Technologies, Inc						2,300,467
	86,493		Motorola Solutions, Inc						12,091,721
	1,191		NetApp, Inc						52,761
	75,530	*	Pure Storage, Inc						1,348,966
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						362,060,604
TRANSPORTATION - 1.0%
	288,775	*	Uber Technologies, Inc						8,738,331
	121,031		Union Pacific Corp						20,980,724
	9,790	*	XPO Logistics, Inc						734,446
			TOTAL TRANSPORTATION						30,453,501
			TOTAL COMMON STOCKS						3,037,428,420
			(Cost $1,540,935,218)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.3%
REPURCHASE AGREEMENT - 0.2%
$	6,205,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20		6,205,000
			TOTAL REPURCHASE AGREEMENT						6,205,000

29

TIAA-CREF FUNDS - Quant Large-Cap Growth Fund

SHARES			COMPANY	VALUE
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.1%
	2,780,362	c	State Street Navigator Securities Lending Government Money Market Portfolio	$	2,780,362
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		2,780,362
			TOTAL SHORT-TERM INVESTMENTS		8,985,362
			(Cost $8,985,362)
			TOTAL INVESTMENTS - 100.1%		3,046,413,782
			(Cost $1,549,920,580)
			OTHER ASSETS & LIABILITIES, NET - (0.1)%		(1,717,527	)
			NET ASSETS - 100.0%	$	3,044,696,255

*	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 $3,374,013.
r	Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $6,205,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $6,329,152.

30

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

TIAA-CREF FUNDS

QUANT LARGE-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 0.3%
	20,740		Aptiv plc	$	1,612,535
	9,180		Gentex Corp		247,768
	32,500		Harley-Davidson, Inc		845,975
	2,260		Lear Corp		249,459
	11,950		Thor Industries, Inc		1,362,180
			TOTAL AUTOMOBILES & COMPONENTS		4,317,917
BANKS - 7.4%
	914,347		Bank of America Corp		22,748,953
	295,540		Citigroup, Inc		14,779,956
	126,264		Citizens Financial Group, Inc		3,132,610
	28,570		Comerica, Inc		1,100,517
	10,628		East West Bancorp, Inc		368,367
	18,650		First Republic Bank		2,097,752
	321,083		JPMorgan Chase & Co		31,029,461
	8,210		New York Community Bancorp, Inc		86,451
	2,754		PacWest Bancorp		50,329
	23,892		PNC Financial Services Group, Inc		2,548,560
	2,421		Popular, Inc		89,843
	3,190		Signature Bank		327,071
	120,505		Truist Financial Corp		4,514,117
	93,417		US Bancorp		3,441,482
	430,751		Wells Fargo & Co		10,450,019
			TOTAL BANKS		96,765,488
CAPITAL GOODS - 8.0%
	44,800		3M Co		6,741,056
	97,239	*	Aecom Technology Corp		3,519,079
	13,540		Air Lease Corp		355,019
	55,246		Ametek, Inc		5,151,689
	30,160		Boeing Co		4,765,280
	29,039		BWX Technologies, Inc		1,583,206
	167,899		Carrier Global Corp		4,573,569
	27,054		Caterpillar, Inc		3,594,935
	3,600		Deere & Co		634,716
	72,159		Eaton Corp		6,720,168
	70,358		Fortive Corp		4,938,428
	677,714		General Electric Co		4,113,724
	28,883		GrafTech International Ltd		175,320
	21,480		Honeywell International, Inc		3,208,468
	15,070		Illinois Tool Works, Inc		2,787,799
	34,753		ITT, Inc		2,006,291
	137,540		Johnson Controls International plc		5,292,539
	46,799		L3Harris Technologies, Inc		7,877,676
	37,390	*	Mercury Systems, Inc		2,895,108
	10,450		Northrop Grumman Corp		3,396,354
	37,207		nVent Electric plc		675,679
	1,813		Oshkosh Corp		142,719
	95,344		Otis Worldwide Corp		5,981,883

31

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
	103,646		PACCAR, Inc	$	8,818,202
	180,460		Raytheon Technologies Corp		10,228,473
	6,500		Spirit Aerosystems Holdings, Inc (Class A)		127,205
	29		Stanley Black & Decker, Inc		4,446
	252,737	*	Univar Solutions Inc		4,465,863
	17,010	*,e	Virgin Galactic Holdings, Inc		381,874
			TOTAL CAPITAL GOODS		105,156,768
COMMERCIAL & PROFESSIONAL SERVICES - 0.3%
	25,674	*	Clean Harbors, Inc		1,530,170
	12,810		Equifax, Inc		2,082,394
	13,279	*	IAA, Inc		575,645
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		4,188,209
CONSUMER DURABLES & APPAREL - 1.2%
	9,420	*	Capri Holdings Ltd		141,112
	16,340		Carter’s, Inc		1,286,285
	91,129		DR Horton, Inc		6,029,095
	37,170		Garmin Ltd		3,664,590
	20,570	*	Peloton Interactive, Inc		1,403,285
	3,419		Polaris Inc		354,311
	26,870		Pulte Homes, Inc		1,171,532
	80,490		Tapestry, Inc		1,075,346
	9,290	*	Tempur Sealy International, Inc		752,025
	9,780	*	Under Armour, Inc (Class A)		102,886
			TOTAL CONSUMER DURABLES & APPAREL		15,980,467
CONSUMER SERVICES - 2.2%
	20,470		ARAMARK Holdings Corp		432,326
	14,360		Darden Restaurants, Inc		1,089,924
	25,773		Dunkin Brands Group, Inc		1,771,378
	105,921		Extended Stay America, Inc		1,208,559
	7,661	*	frontdoor, Inc		321,724
	490		Graham Holdings Co		195,201
	6,580	*	Grand Canyon Education, Inc		583,909
	100,350		H&R Block, Inc		1,455,075
	76,790		Las Vegas Sands Corp		3,351,116
	54,292		McDonald’s Corp		10,547,850
	1,810		MGM Resorts International		29,123
	23,340	*,e	Norwegian Cruise Line Holdings Ltd		318,358
	9,800	*	Planet Fitness, Inc		511,560
	38,913	*	ServiceMaster Global Holdings, Inc		1,591,152
	7,680		Six Flags Entertainment Corp		133,555
	41,340		Wyndham Destinations, Inc		1,099,644
	4,320		Wyndham Hotels & Resorts, Inc		190,771
	13,030		Wynn Resorts Ltd		943,763
	8,140		Yum China Holdings, Inc		417,094
	29,090		Yum! Brands, Inc		2,648,644
			TOTAL CONSUMER SERVICES		28,840,726
DIVERSIFIED FINANCIALS - 5.8%
	46,924		American Express Co		4,378,948
	120,653		Bank of New York Mellon Corp		4,325,410
	6,430		BlackRock, Inc		3,697,314
	75,541		Capital One Financial Corp		4,819,516
	2,960	e	Carlyle Group, Inc		84,271

32

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
	3,050		CBOE Global Markets, Inc	$	267,485
	65,460		Charles Schwab Corp		2,169,999
	30,365		CME Group, Inc		5,046,056
	69,599		Discover Financial Services		3,440,279
	28,660		Eaton Vance Corp		1,035,772
	19,519		Goldman Sachs Group, Inc		3,863,981
	93,918		Intercontinental Exchange Group, Inc		9,089,384
	180,000	e	iShares Russell 1000 Value Index Fund		21,083,400
	32,620		Lazard Ltd (Class A)		956,418
	56,726		Morgan Stanley		2,772,767
	207,000		New Residential Investment Corp		1,641,510
	930		Starwood Property Trust, Inc		13,904
	12,050		State Street Corp		768,670
	69,400		Virtu Financial, Inc		1,721,120
	100,921		Voya Financial, Inc		4,985,497
			TOTAL DIVERSIFIED FINANCIALS		76,161,701
ENERGY - 4.4%
	29,339		Baker Hughes Co		454,461
	9,960	*	ChampionX Corp		94,719
	173,769		Chevron Corp		14,586,170
	47,760		Cimarex Energy Co		1,168,209
	19,440		Concho Resources, Inc		1,021,377
	156,643		ConocoPhillips		5,856,882
	2,860		Diamondback Energy, Inc		114,000
	95,228		EOG Resources, Inc		4,461,432
	391,437		Exxon Mobil Corp		16,471,669
	37,940		Halliburton Co		543,680
	51,238		HollyFrontier Corp		1,409,045
	179,990		Kinder Morgan, Inc		2,537,859
	165,751		Kosmos Energy Ltd		266,859
	25,080		Marathon Petroleum Corp		958,056
	9,210		Noble Energy, Inc		92,008
	1,990		ONEOK, Inc		55,541
	18,400		Parsley Energy, Inc		202,032
	2,369		Patterson-UTI Energy, Inc		9,180
	73,816		PBF Energy, Inc		640,723
	16,680		Phillips 66		1,034,494
	146,713		Schlumberger Ltd		2,661,374
	105,099		Targa Resources Investments, Inc		1,921,210
	20,620		Valero Energy Corp		1,159,463
	59,290	*	WPX Energy, Inc		353,961
			TOTAL ENERGY		58,074,404
FOOD & STAPLES RETAILING - 1.6%
	5,130	*	Grocery Outlet Holding Corp		225,669
	108,080		Kroger Co		3,760,103
	61,676	*	US Foods Holding Corp		1,252,023
	36,370		Walgreens Boots Alliance, Inc		1,480,623
	111,498		Walmart, Inc		14,427,841
			TOTAL FOOD & STAPLES RETAILING		21,146,259
FOOD, BEVERAGE & TOBACCO - 3.7%
	163,394		Altria Group, Inc		6,723,663
	7,528	*	Beyond Meat, Inc		947,775
	34,310		Campbell Soup Co		1,700,747

33

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
	71,637		Coca-Cola Co	$	3,384,132
	27,240		ConAgra Brands, Inc		1,020,138
	23,170		General Mills, Inc		1,465,966
	6,750	*	Hain Celestial Group, Inc		229,365
	3,318		Hershey Co		482,470
	22,560		Kraft Heinz Co		775,613
	168,567		Mondelez International, Inc		9,353,783
	49,304		PepsiCo, Inc		6,787,189
	160,802		Philip Morris International, Inc		12,351,202
	158		Seaboard Corp		427,113
	1,070	*	TreeHouse Foods, Inc		46,887
	56,868		Tyson Foods, Inc (Class A)		3,494,539
			TOTAL FOOD, BEVERAGE & TOBACCO		49,190,582
HEALTH CARE EQUIPMENT & SERVICES - 6.4%
	83,332		Abbott Laboratories		8,386,532
	16,864		Anthem, Inc		4,617,363
	36,250		Baxter International, Inc		3,131,275
	3,920		Becton Dickinson & Co		1,102,853
	3,310	*	Boston Scientific Corp		127,667
	2,779		Cardinal Health, Inc		151,789
	7,310	*	Centene Corp		476,978
	41,230	*	Change Healthcare, Inc		480,742
	51,717		Cigna Corp		8,931,009
	187,811		CVS Health Corp		11,820,824
	26,648		Danaher Corp		5,430,862
	32,445		HCA Healthcare, Inc		4,108,835
	52,059	*	Hologic, Inc		3,632,677
	11,513		Humana, Inc		4,518,277
	27,322		McKesson Corp		4,102,672
	176,748		Medtronic plc		17,052,647
	41,830	*	PPD, Inc		1,228,547
	7,300		Quest Diagnostics, Inc		927,611
	5,040		STERIS plc		804,535
	1,450		UnitedHealth Group, Inc		439,031
	20,919		Zimmer Biomet Holdings, Inc		2,821,136
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		84,293,862
HOUSEHOLD & PERSONAL PRODUCTS - 2.7%
	144,728		Colgate-Palmolive Co		11,173,002
	6,810		Energizer Holdings, Inc		341,385
	4,054		Kimberly-Clark Corp		616,370
	165,138		Procter & Gamble Co		21,652,894
	34,730		Reynolds Consumer Products Inc		1,182,904
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		34,966,555
INSURANCE - 6.6%
	83,260		Allstate Corp		7,858,911
	42,580		American Financial Group, Inc		2,587,587
	50,731		American International Group, Inc		1,630,494
	33,628	*	Arch Capital Group Ltd		1,034,061
	23,114	*	Athene Holding Ltd		745,427
	199,827	*	Berkshire Hathaway, Inc (Class B)		39,122,130
	19,945	*	Brighthouse Financial, Inc		565,241
	40,936		Chubb Ltd		5,208,697
	7,250		Cincinnati Financial Corp		564,993

34

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
	60,795		Fidelity National Financial Inc	$	1,967,326
	123,470		Hartford Financial Services Group, Inc		5,225,250
	38,430		Lincoln National Corp		1,432,286
	450	*	Markel Corp		470,043
	18,634		Marsh & McLennan Cos, Inc		2,172,724
	27,974		Mercury General Corp		1,200,364
	228,893		Metlife, Inc		8,663,600
	96,720		Old Republic International Corp		1,554,290
	8,510		Reinsurance Group of America, Inc (Class A)		725,478
	36,082		Travelers Cos, Inc		4,128,503
			TOTAL INSURANCE		86,857,405
MATERIALS - 4.0%
	38,507		Air Products & Chemicals, Inc		11,037,261
	42,761	*	Alcoa Corp		555,893
	75,577	*	Axalta Coating Systems Ltd		1,677,809
	60,950	*	Berry Global Group, Inc		3,046,890
	26,617		CF Industries Holdings, Inc		833,911
	39,780		Corteva, Inc		1,136,117
	61,594		Dow, Inc		2,529,050
	145,886		DuPont de Nemours, Inc		7,801,983
	6,900		Ecolab, Inc		1,290,852
	24,475	*	Element Solutions, Inc		265,798
	106,818		Graphic Packaging Holding Co		1,489,043
	4,330		International Paper Co		150,641
	33,300		Linde plc		8,162,163
	22,733		LyondellBasell Industries NV		1,421,267
	115,210		Mosaic Co		1,551,879
	410		NewMarket Corp		153,672
	85,348		Newmont Goldcorp Corp		5,906,082
	6,080		Nucor Corp		255,056
	20,426		Reliance Steel & Aluminum Co		2,007,059
	1,325		Royal Gold, Inc		185,407
	87,254		Valvoline, Inc		1,790,452
			TOTAL MATERIALS		53,248,285
MEDIA & ENTERTAINMENT - 6.1%
	49,259		Activision Blizzard, Inc		4,070,271
	2,850	*	Alphabet, Inc (Class A)		4,240,657
	1,720	*	Alphabet, Inc (Class C)		2,550,691
	2,740	*	Charter Communications, Inc		1,589,200
	31,950		Cinemark Holdings, Inc		377,968
	246,513		Comcast Corp (Class A)		10,550,756
	7,460	*	Electronic Arts, Inc		1,056,485
	8,630	*	Liberty Broadband Corp (Class A)		1,165,136
	24,070	*	Liberty Broadband Corp (Class C)		3,304,089
	11,131	*	Liberty Media Group (Class A)		368,325
	59,208	*	Liberty Media Group (Class C)		2,098,332
	44,450	*	Liberty SiriusXM Group (Class A)		1,546,416
	94,996	*	Liberty SiriusXM Group (Class C)		3,323,910
	37,766	*,e	Lions Gate Entertainment Corp (Class A)		289,288
	33,923	*	Lions Gate Entertainment Corp (Class B)		241,193
	4,340	*	Madison Square Garden Entertainment Corp		307,532
	7,990		Omnicom Group, Inc		429,303
	13,530	*	Pinterest, Inc		463,944
	9,814	*	Take-Two Interactive Software, Inc		1,609,692

35

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
	175,000		Vanguard Russell 1000 Value	$	17,977,750
	1,532	e	ViacomCBS, Inc (Class A)		42,498
	22,060		ViacomCBS, Inc (Class B)		575,104
	172,621		Walt Disney Co		20,186,300
	6,770	*	Zillow Group, Inc (Class C)		463,000
	116,767	*	Zynga, Inc		1,147,820
			TOTAL MEDIA & ENTERTAINMENT		79,975,660
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.1%
	23,423		AbbVie, Inc		2,223,077
	7,310	*	Agios Pharmaceuticals, Inc		331,289
	39,688	*	Alexion Pharmaceuticals, Inc		4,067,623
	72,268	*	Avantor, Inc		1,595,677
	8,475	*	Biogen, Inc		2,327,998
	12,160	*	Bluebird Bio, Inc		738,112
	213,022		Bristol-Myers Squibb Co		12,495,871
	12,080	*	Catalent, Inc		1,055,067
	38,446	*	Exelixis, Inc		887,718
	156,224		Gilead Sciences, Inc		10,862,255
	4,615	*	Horizon Therapeutics Plc		282,392
	5,411	*	IQVIA Holdings, Inc		857,048
	237,675		Johnson & Johnson		34,643,508
	82,590		Merck & Co, Inc		6,627,022
	7,000	*	Moderna, Inc		518,700
	11,310		Perrigo Co plc		599,656
	563,238		Pfizer, Inc		21,673,398
	6,960	*	PRA Health Sciences, Inc		741,658
	6,160	*	QIAGEN NV		304,612
	8,690	*	Sage Therapeutics, Inc		396,003
	5,261		Thermo Fisher Scientific, Inc		2,177,791
	9,359	*	United Therapeutics Corp		1,043,248
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		106,449,723
REAL ESTATE - 4.7%
	56,763		American Campus Communities, Inc		2,023,033
	360		Boston Properties, Inc		32,072
	74,750		Brixmor Property Group, Inc		860,373
	57,416		Camden Property Trust		5,213,947
	2,139	*	CBRE Group, Inc		93,710
	542,180		Colony Capital, Inc		1,040,986
	1,420		Coresite Realty		183,251
	27,190		CubeSmart		806,727
	22,060		Digital Realty Trust, Inc		3,541,512
	55,594		Douglas Emmett, Inc		1,620,009
	134,918		Empire State Realty Trust, Inc		890,459
	120,790		Equity Residential		6,477,968
	80,404		Gaming and Leisure Properties, Inc		2,911,429
	76,510		Healthcare Trust of America, Inc		2,112,441
	250		Hudson Pacific Properties		5,893
	162,344		Invitation Homes, Inc		4,841,098
	19,570		Macerich Co		149,319
	97,620		Medical Properties Trust, Inc		1,965,091
	32,900		Mid-America Apartment Communities, Inc		3,921,351
	57,930		Omega Healthcare Investors, Inc		1,875,773
	75,300		Outfront Media, Inc		1,085,073
	73,485		Prologis, Inc		7,746,789

36

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
	18,560		Realty Income Corp	$	1,114,528
	11,903		Retail Properties of America, Inc		75,703
	18,210		Rexford Industrial Realty, Inc		854,595
	2,020		SBA Communications Corp		629,311
	39,721		Spirit Realty Capital, Inc		1,368,786
	152,832		STORE Capital Corp		3,620,590
	12,103		Ventas, Inc		464,271
	131,945		VICI Properties, Inc		2,864,526
	23,249		Welltower, Inc		1,245,216
	16,430		Weyerhaeuser Co		456,918
	538		WP Carey, Inc		38,397
			TOTAL REAL ESTATE		62,131,145
RETAILING - 2.6%
	9,590		Best Buy Co, Inc		955,068
	4,100		Dick’s Sporting Goods, Inc		187,042
	31,730	*	Dollar Tree, Inc		2,961,996
	6,070	*	GrubHub, Inc		438,497
	70,031		Home Depot, Inc		18,592,530
	37,697	*	LKQ Corp		1,062,679
	16,400		Ross Stores, Inc		1,470,588
	56,756		Target Corp		7,144,445
	5,790		Tiffany & Co		725,834
	380	*,e	Wayfair, Inc		101,114
			TOTAL RETAILING		33,639,793
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.5%
	20,730	*	Advanced Micro Devices, Inc		1,605,124
	15,760	*	Cirrus Logic, Inc		1,080,033
	52,340		Entegris, Inc		3,763,769
	468,976		Intel Corp		22,384,224
	91,120		Marvell Technology Group Ltd		3,323,146
	103,491		Maxim Integrated Products, Inc		7,046,702
	19,600		Microchip Technology, Inc		1,993,908
	15,040		MKS Instruments, Inc		1,916,698
	12,378	*	Qorvo, Inc		1,586,241
	9,793		Skyworks Solutions, Inc		1,425,665
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		46,125,510
SOFTWARE & SERVICES - 5.1%
	22,440	*	2U, Inc		1,056,812
	79,010		Amdocs Ltd		4,906,521
	3,160	*	Autodesk, Inc		747,119
	26,830	*	CACI International, Inc (Class A)		5,575,810
	6,970	*	Ceridian HCM Holding, Inc		545,681
	9,490		Citrix Systems, Inc		1,354,792
	24,850		CoreLogic Inc		1,693,776
	6,870	*	Crowdstrike Holdings, Inc		777,684
	40,868		DXC Technology Co		731,946
	15,458	*	Dynatrace, Inc		646,608
	37,260	*	Euronet Worldwide, Inc		3,582,176
	48,097		Fidelity National Information Services, Inc		7,037,072
	9,370	*	FireEye, Inc		141,487
	84,390	*	Fiserv, Inc		8,421,278
	8,400		Global Payments, Inc		1,495,368
	27,040		International Business Machines Corp		3,324,298

37

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY	VALUE
	3,359		Jack Henry & Associates, Inc	$	598,910
	67,710		Leidos Holdings, Inc		6,443,284
	34,774	*	Nuance Communications, Inc		951,069
	10,680		Pegasystems, Inc		1,248,385
	8,670		Sabre Corp		65,545
	53,470		Science Applications International Corp		4,276,531
	37,292		SS&C Technologies Holdings, Inc		2,144,290
	12,810	*	Synopsys, Inc		2,552,008
	650	*	Twilio, Inc		180,323
	29,701	*	VeriSign, Inc		6,287,108
			TOTAL SOFTWARE & SERVICES		66,785,881
TECHNOLOGY HARDWARE & EQUIPMENT - 3.4%
	34,867	*	Arrow Electronics, Inc		2,497,174
	55,960		Avnet, Inc		1,495,251
	9,690	*	Ciena Corp		576,652
	475,030		Cisco Systems, Inc		22,373,913
	15,400	*	CommScope Holding Co, Inc		142,912
	3,170		Dolby Laboratories, Inc (Class A)		220,632
	58,020	*	EchoStar Corp (Class A)		1,583,946
	14,894	*	F5 Networks, Inc		2,024,095
	61,710		FLIR Systems, Inc		2,570,839
	233,870		HP, Inc		4,111,435
	28,450		Motorola Solutions, Inc		3,977,310
	31,292		National Instruments Corp		1,110,866
	45,690	*	Pure Storage, Inc		816,023
	4,720	*	Viasat, Inc		179,171
	31,507		Western Digital Corp		1,357,952
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		45,038,171
TELECOMMUNICATION SERVICES - 3.3%
	446,962		AT&T, Inc		13,221,136
	37,418	*	GCI Liberty, Inc		2,933,197
	12,920	*	T-Mobile US, Inc		1,387,350
	450,961		Verizon Communications, Inc		25,921,238
			TOTAL TELECOMMUNICATION SERVICES		43,462,921
TRANSPORTATION - 2.2%
	33,548		Alaska Air Group, Inc		1,155,393
	41,810	e	American Airlines Group, Inc		464,927
	5,550		Copa Holdings S.A. (Class A)		229,992
	47,710		CSX Corp		3,403,631
	16,960		FedEx Corp		2,856,064
	2,670		Kansas City Southern		458,839
	39,749		Knight-Swift Transportation Holdings, Inc		1,728,684
	31,431	*	Lyft, Inc (Class A)		918,728
	71,820		Macquarie Infrastructure Co LLC		2,151,727
	49,701		Norfolk Southern Corp		9,553,029
	6,720		Schneider National, Inc		168,874
	3,780		Southwest Airlines Co		116,764
	59,353	*	Uber Technologies, Inc		1,796,022
	13,110		Union Pacific Corp		2,272,619
	22,230	*	XPO Logistics, Inc		1,667,695
			TOTAL TRANSPORTATION		28,942,988

38

TIAA-CREF FUNDS - Quant Large-Cap Value Fund

SHARES			COMPANY					VALUE
UTILITIES - 6.2%
	61,130		Alliant Energy Corp					$	3,291,850
	13,290		American Water Works Co, Inc						1,957,218
	44,532		Centerpoint Energy, Inc						846,553
	105,960		CMS Energy Corp						6,800,513
	16,988		Dominion Energy, Inc						1,376,538
	10,749		DTE Energy Co						1,242,907
	9,795		Duke Energy Corp						830,028
	67,969		Entergy Corp						7,145,581
	127,823		Equitable Holdings, Inc						2,615,259
	116,292		Evergy, Inc						7,539,210
	79,712		Eversource Energy						7,179,660
	220,571		Exelon Corp						8,516,246
	198,920		FirstEnergy Corp						5,768,680
	74,906		MDU Resources Group, Inc						1,571,528
	34,042		NextEra Energy, Inc						9,555,589
	163,292		NiSource, Inc						3,992,489
	62,370		OGE Energy Corp						2,051,973
	32,669		Pinnacle West Capital Corp						2,714,141
	21,771		Public Service Enterprise Group, Inc						1,217,870
	35,886		Sempra Energy						4,466,372
	6,719		Southern Co						366,925
			TOTAL UTILITIES						81,047,130
			TOTAL COMMON STOCKS						1,312,787,550
			(Cost $1,095,671,173)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.6%
REPURCHASE AGREEMENT - 0.2%
$	2,540,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20		2,540,000
			TOTAL REPURCHASE AGREEMENT						2,540,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.4%
	5,559,367	c	State Street Navigator Securities Lending Government Money Market Portfolio						5,559,367
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						5,559,367
			TOTAL SHORT-TERM INVESTMENTS						8,099,367
			(Cost $8,099,367)
			TOTAL INVESTMENTS - 100.4%						1,320,886,917
			(Cost $1,103,770,540)
			OTHER ASSETS & LIABILITIES, NET - (0.4)%						(4,709,755	)
			NET ASSETS - 100.0%					$	1,316,177,162
	*		Non-income producing
	c		Investments made with cash collateral received from securities on loan.
	e		All or a portion of these securities are out on loan. The aggregate value of securities on loan is $5,398,550.
	r		Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $2,540,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $2,590,855.

39

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

TIAA-CREF FUNDS

QUANT SMALL-CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.9%
AUTOMOBILES & COMPONENTS - 1.0%
	504,900	*	Adient plc	$	8,401,536
	60,200	*	Gentherm, Inc		2,333,954
	855,600		Goodyear Tire & Rubber Co		7,708,956
	96,000		Winnebago Industries, Inc		5,799,360
			TOTAL AUTOMOBILES & COMPONENTS		24,243,806
BANKS - 9.2%
	66,900		Amalgamated Bank		772,695
	242,800	*	Axos Financial, Inc		5,441,148
	191,300		Bank of NT Butterfield & Son Ltd		4,979,539
	44,660	*	BBX Capital Corp		621,667
	315,600		Cathay General Bancorp		7,631,208
	191,600		Central Pacific Financial Corp		2,981,296
	164,823		ConnectOne Bancorp, Inc		2,272,909
	248,500	*	Customers Bancorp, Inc		2,944,725
	358,100		Essent Group Ltd		12,830,723
	106,500		Federal Agricultural Mortgage Corp (Class C)		6,337,815
	93,700		First Bancorp		1,935,842
	206,200		First Financial Bancorp		2,869,273
	417,166		First Horizon National Corp		3,867,129
	89,900		First Merchants Corp		2,196,257
	246,200		First Midwest Bancorp, Inc		2,987,637
	230,700		Flagstar Bancorp, Inc		7,239,366
	193,600		Glacier Bancorp, Inc		6,836,016
	238,326		Great Western Bancorp, Inc		3,098,238
	168,100		Heritage Commerce Corp		1,139,718
	401,247		Hilltop Holdings, Inc		7,812,279
	177,300		Horizon Bancorp		1,792,503
	100,559		Independent Bank Corp		1,404,307
	202,300		Independent Bank Group, Inc		8,887,039
	1,338,900		Investors Bancorp, Inc		10,871,868
	248,300		Kearny Financial Corp		1,996,332
	160,000		Lakeland Bancorp, Inc		1,628,800
	27,600		Lakeland Financial Corp		1,221,576
	223,982		Meta Financial Group, Inc		4,179,504
	448,800	*	Mr Cooper Group, Inc		7,328,904
	226,500		National Bank Holdings Corp		6,292,170
	244,900	*	NMI Holdings, Inc		3,800,848
	228,100		OceanFirst Financial Corp		3,494,492
	531,500		OFG Bancorp		6,952,020
	305,300		Pacific Premier Bancorp, Inc		6,414,353
	39,800		Peapack Gladstone Financial Corp		647,944
	233,900		PennyMac Financial Services, Inc		11,288,014
	198,380		Premier Financial Corp		3,507,359
	49,405		QCR Holdings, Inc		1,476,221
	832,400		Radian Group, Inc		12,419,408
	438,300		Simmons First National Corp (Class A)		7,271,397

40

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	39,253		South State Corp	$	1,870,798
	376,400	*	The Bancorp, Inc		3,549,452
	194,400	*	Tristate Capital Holdings, Inc		2,575,800
	724,112		United Community Banks, Inc		12,983,328
	159,700		Walker & Dunlop, Inc		8,050,477
			TOTAL BANKS		218,700,394
CAPITAL GOODS - 10.6%
	278,904		Advanced Drainage Systems, Inc		13,666,296
	66,959	*	Aerojet Rocketdyne Holdings, Inc		2,762,059
	102,600	*	Aerovironment, Inc		7,854,030
	90,900		Albany International Corp (Class A)		4,370,472
	422,043	*	Atkore International Group, Inc		11,255,887
	47,610	*	Axon Enterprise, Inc		3,957,819
	167,900		AZZ, Inc		5,302,282
	147,200	*	Bloom Energy Corp		1,789,952
	413,183	*	BMC Stock Holdings, Inc		10,577,485
	411,800	*	Builders FirstSource, Inc		9,755,542
	89,400	*	Chart Industries, Inc		6,126,582
	153,580		Columbus McKinnon Corp		5,088,105
	426,400		Comfort Systems USA, Inc		21,196,344
	71,379		CSW Industrials, Inc		4,767,403
	236,266		EMCOR Group, Inc		16,184,221
	140,465		EnPro Industries, Inc		6,704,394
	422,296	*	Evoqua Water Technologies Corp		8,120,752
	360,370		Federal Signal Corp		11,139,037
	117,400	*	Foundation Building Materials, Inc		1,611,902
	167,400	*	Gibraltar Industries, Inc		8,657,928
	349,359	*	GMS, Inc		8,185,481
	473,700	*	Great Lakes Dredge & Dock Corp		3,960,132
	106,900		Insteel Industries, Inc		1,992,616
	170,700	*,e	Mastec, Inc		6,790,446
	30,885	*	Mercury Systems, Inc		2,391,426
	282,410		Mueller Industries, Inc		7,896,184
	258,979	*	Parsons Corp		9,020,239
	632,500	*,e	Plug Power, Inc		4,876,575
	42,500		Powell Industries, Inc		1,128,375
	81,818	*	RBC Bearings, Inc		10,016,160
	724,554		Rexnord Corp		20,990,329
	267,600		Shyft Group, Inc		5,052,288
	114,444	*	SPX Corp		4,806,648
	101,615	*	Vectrus, Inc		4,470,044
			TOTAL CAPITAL GOODS		252,465,435
COMMERCIAL & PROFESSIONAL SERVICES - 3.2%
	164,992	*	CBIZ, Inc		3,989,507
	52,060		CRA International, Inc		2,174,546
	123,695		Ennis, Inc		2,139,923
	274,602		Exponent, Inc		23,083,044
	89,300	*	Franklin Covey Co		1,615,437
	393,800		Healthcare Services Group		10,313,622
	132,400		Heidrick & Struggles International, Inc		2,678,452
	87,500		HNI Corp		2,598,750
	43,123		ICF International, Inc		2,915,546
	94,570		Kforce, Inc		2,727,399
	64,200		McGrath RentCorp		3,724,884

41

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	275,198	*	TriNet Group, Inc	$	18,163,068
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		76,124,178
CONSUMER DURABLES & APPAREL - 4.5%
	205,900	*	Century Communities, Inc		7,334,158
	197,100	*	CROCS, Inc		7,083,774
	62,600	*	Deckers Outdoor Corp		13,099,050
	95,645	*	Installed Building Products, Inc		7,566,476
	30,100		Johnson Outdoors, Inc		2,635,556
	92,500		La-Z-Boy, Inc		2,632,550
	253,200	*	Purple Innovation, Inc		6,170,484
	256,462	*	Skyline Champion Corp		7,239,922
	592,500	*	Sonos, Inc		9,480,000
	74,000		Sturm Ruger & Co, Inc		6,021,380
	312,900	*	Taylor Morrison Home Corp		7,337,505
	543,700	*	TRI Pointe Homes, Inc		9,090,664
	282,400	*,e	Turtle Beach Corp		5,179,216
	336,200	*	YETI Holdings, Inc		16,436,818
			TOTAL CONSUMER DURABLES & APPAREL		107,307,553
CONSUMER SERVICES - 3.1%
	331,400	*	Adtalem Global Education, Inc		11,380,276
	119,100	*	American Public Education, Inc		3,467,001
	14,700	*	Biglari Holdings, Inc (B Shares)		954,471
	412,600		Bloomin’ Brands, Inc		4,753,152
	141,500		Carriage Services, Inc		3,128,565
	80,600	*	Chegg, Inc		6,526,182
	192,400	*	Chuy’s Holdings, Inc		3,061,084
	41,144		Collectors Universe		1,565,941
	245,886	*	Denny’s Corp		2,184,697
	179,600	*	GAN Ltd		3,475,260
	222,200	*	K12, Inc		10,174,538
	567,300	*	Laureate Education, Inc		7,193,364
	377,500	*	Noodles & Co		2,623,625
	520,319	*	Perdoceo Education Corp		7,492,593
	215,100	*	WW International Inc		5,545,278
			TOTAL CONSUMER SERVICES		73,526,027
DIVERSIFIED FINANCIALS - 3.0%
	346,600	*	Blucora, Inc		4,086,414
	595,000		Brightsphere Investment Group, Inc		7,996,800
	183,500	*	Cannae Holdings, Inc		6,914,280
	784,300		Chimera Investment Corp		7,050,857
	661,700		Colony Credit Real Estate, Inc		4,168,710
	270,500	e	Cowen Group, Inc		4,455,135
	352,800		Curo Group Holdings Corp		2,466,072
	122,000	*,e	Encore Capital Group, Inc		4,456,660
	236,633	*	Enova International, Inc		3,807,425
	52,300		Hamilton Lane, Inc		3,778,152
	76,500		Piper Jaffray Cos		4,736,115
	157,800		Sculptor Capital Management, Inc		1,961,454
	340,226		Stifel Financial Corp		16,494,156
			TOTAL DIVERSIFIED FINANCIALS		72,372,230

42

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
ENERGY - 2.5%
	1,103,100	*,e	Antero Resources Corp	$	3,265,176
	536,846		Berry Petroleum Co LLC		2,525,860
	422,900		Brigham Minerals, Inc		4,685,732
	258,512		Delek US Holdings, Inc		4,518,790
	528,800	*	Green Plains Inc		6,837,384
	1,757,200		Kosmos Energy Ltd		2,829,092
	1,664,015	*	NexTier Oilfield Solutions, Inc		4,193,318
	500,900	*	Oceaneering International, Inc		2,815,058
	526,239	*	Par Pacific Holdings, Inc		3,899,431
	766,500		Patterson-UTI Energy, Inc		2,970,188
	298,000		PBF Energy, Inc		2,586,640
	797,200	*	ProPetro Holding Corp		4,280,964
	233,469	*	Renewable Energy Group, Inc		6,439,075
	965,800	*	Southwestern Energy Co		2,346,894
	184,200		World Fuel Services Corp		4,334,226
			TOTAL ENERGY		58,527,828
FOOD & STAPLES RETAILING - 0.6%
	217,588		Andersons, Inc		3,094,101
	129,838		Natural Grocers by Vitamin C		2,055,336
	250,700	*	Performance Food Group Co		7,024,614
	213,300	*,e	Rite Aid Corp		3,233,628
			TOTAL FOOD & STAPLES RETAILING		15,407,679
FOOD, BEVERAGE & TOBACCO - 1.8%
	125,765	e	B&G Foods, Inc (Class A)		3,635,866
	11,396	*,e	Boston Beer Co, Inc (Class A)		9,235,774
	127,722		Calavo Growers, Inc		7,378,500
	264,300	*,e	Celsius Holdings, Inc		3,877,281
	478,823	*	Hostess Brands, Inc		6,071,476
	23,207		Lancaster Colony Corp		3,680,398
	428,239	*	Simply Good Foods Co		10,294,866
			TOTAL FOOD, BEVERAGE & TOBACCO		44,174,161
HEALTH CARE EQUIPMENT & SERVICES - 6.8%
	79,200	*	Addus HomeCare Corp		7,635,672
	225,000	*	Angiodynamics, Inc		1,858,500
	1,514,200	*	Brookdale Senior Living, Inc		4,194,334
	225,000	*,e	Co-Diagnostics, Inc		5,400,000
	162,200	e	Conmed Corp		13,387,988
	288,100	*	Covetrus, Inc		6,384,296
	64,900		Ensign Group, Inc		2,984,751
	216,800	*	Evolent Health, Inc		2,525,720
	137,614	*	HealthStream, Inc		3,021,315
	451,538	*	HMS Holdings Corp		14,674,985
	465,629	*	Inovalon Holdings, Inc		10,956,250
	124,700	*	Integer Holding Corp		8,201,519
	500,237	*	Lantheus Holdings, Inc		6,743,195
	148,474	*	LivaNova plc		6,909,980
	109,000	*	Magellan Health Services, Inc		8,084,530
	395,065	*	Meridian Bioscience, Inc		9,675,142
	122,298	*	Natus Medical, Inc		2,272,297
	221,700	*	Orthofix Medical Inc		6,808,407
	206,000	e	Patterson Cos, Inc		5,471,360
	144,148	*	Pennant Group, Inc		3,612,349
	792,900	*	R1 RCM, Inc		10,838,943

43

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	498,900	*	Select Medical Holdings Corp	$	9,499,056
	88,000	*	Tactile Systems Technology, Inc		3,606,240
	33,046	*	Teladoc, Inc		7,852,721
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		162,599,550
HOUSEHOLD & PERSONAL PRODUCTS - 1.0%
	294,500	*	BellRing Brands, Inc		5,851,715
	457,200	*	elf Beauty, Inc		8,165,592
	79,511	*,e	Lifevantage Corp		1,020,921
	110,134		Reynolds Consumer Products Inc		3,751,164
	52,900	*	USANA Health Sciences, Inc		4,294,422
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		23,083,814
INSURANCE - 1.9%
	281,300		American Equity Investment Life Holding Co		7,159,085
	165,658		Amerisafe, Inc		10,512,657
	106,199	*,e	Benefytt Technologies, Inc		3,283,673
	132,460		Heritage Insurance Holdings, Inc		1,572,300
	107,418		James River Group Holdings Ltd		4,975,602
	230,655		National General Holdings Corp		7,839,963
	483,951	*	Third Point Reinsurance Ltd		3,769,978
	96,960		United Insurance Holdings Corp		717,504
	260,276		Universal Insurance Holdings, Inc		4,557,433
			TOTAL INSURANCE		44,388,195
MATERIALS - 4.9%
	453,200		Avient Corp		10,831,480
	70,400		Balchem Corp		7,058,304
	354,700		Boise Cascade Co		16,525,473
	778,700		Commercial Metals Co		16,103,516
	673,900	*,†	Ferroglobe plc		0
	62,100		Innospec, Inc		4,668,057
	76,200	*	Koppers Holdings, Inc		1,917,954
	169,400		Materion Corp		9,726,948
	180,614		Myers Industries, Inc		2,720,047
	52,634		Olympic Steel, Inc		556,868
	218,200		PH Glatfelter Co		3,475,926
	199,015		Schnitzer Steel Industries, Inc (Class A)		3,661,876
	179,300		Sensient Technologies Corp		9,361,253
	105,800		Stepan Co		11,553,360
	647,400	*	Summit Materials, Inc		9,529,728
	297,300	e	Trinseo S.A.		6,451,410
	135,892	*	US Concrete, Inc		3,372,839
			TOTAL MATERIALS		117,515,039
MEDIA & ENTERTAINMENT - 0.9%
	842	*	Black Diamond Therapeutics, Inc		23,424
	222,300	*	Liberty Braves Group (Class C)		4,145,895
	202,800	*	TechTarget, Inc		7,359,612
	694,300		TEGNA, Inc		8,178,854
	171,900	*	WideOpenWest, Inc		938,574
			TOTAL MEDIA & ENTERTAINMENT		20,646,359
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 12.5%
	81,556	*	Acadia Pharmaceuticals, Inc		3,390,283
	439,100	*,e	Affimed NV		1,550,023

44

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	522,993	*	Akebia Therapeutics, Inc	$	5,841,832
	103,200	*	Allogene Therapeutics, Inc		3,784,344
	786,887	*	Amicus Therapeutics, Inc		11,370,517
	79,400	*	Arcus Biosciences, Inc		1,562,592
	5,333	*,e	Arcutis Biotherapeutics, Inc		142,391
	128,611	*	Arena Pharmaceuticals, Inc		7,895,429
	239,282	*	Arrowhead Pharmaceuticals Inc		10,305,876
	154,245	*	Arvinas, Inc		4,858,717
	169,463	*	Assembly Biosciences, Inc		3,762,079
	61,200	*	Axsome Therapeutics, Inc		4,365,396
	5,332	*,e	Beam Therapeutics, Inc		103,121
	1,030,910	*	BioDelivery Sciences International, Inc		4,319,513
	64,000	*	Biohaven Pharmaceutical Holding Co Ltd		4,098,560
	39,713	*	Bioxcel Therapeutics Inc		1,801,382
	87,000	*	Blueprint Medicines Corp		6,366,660
	325,900	*,e	Cara Therapeutics, Inc		5,357,796
	197,822	*	CareDx, Inc		6,597,364
	147,003	*	ChemoCentryx, Inc		7,748,528
	148,854	*	Chiasma, Inc		650,492
	203,939	*	Concert Pharmaceuticals, Inc		1,890,514
	541,400	*,e	Corbus Pharmaceuticals Holdings, Inc		3,394,578
	401,217	*	CytomX Therapeutics, Inc		2,812,531
	126,600	*	Fate Therapeutics, Inc		3,958,782
	734,726	*	Fluidigm Corp		5,172,471
	164,400	*	G1 Therapeutics, Inc		2,411,748
	363,800	*,e	Heron Therapeutics, Inc		5,926,302
	176,700	*	Immunovant, Inc		3,995,187
	238,600	*,e	Inovio Pharmaceuticals, Inc		4,638,384
	144,756	*,e	Intellia Therapeutics, Inc		2,578,104
	360,287	*	Intersect ENT, Inc		6,193,334
	180,744	*	Intra-Cellular Therapies, Inc		3,583,250
	116,635	*,e	Invitae Corp		3,405,742
	127,235	*	Iovance Biotherapeutics, Inc		3,698,721
	610,898	*	Ironwood Pharmaceuticals, Inc		5,601,935
	646,841	*	Kadmon Holdings, Inc		2,367,438
	278,700	*	Karyopharm Therapeutics, Inc		4,473,135
	212,738	*	Kiniksa Pharmaceuticals Ltd		4,152,646
	325,352	*	Kura Oncology, Inc		5,348,787
	229,289	*	MacroGenics, Inc		5,823,941
	913,374	*	MEI Pharma, Inc		2,534,613
	233,700	*	Mersana Therapeutics, Inc		4,645,956
	184,025	*	Momenta Pharmaceuticals, Inc		5,426,897
	182,211	*	NanoString Technologies, Inc		6,579,639
	260,294	*	Natera, Inc		12,499,318
	157,600	*,e	Neoleukin Therapeutics, Inc		1,525,568
	107,300	*,e	Novavax, Inc		15,354,630
	303,100	*,e	Omeros Corp		3,888,773
	1,632	*	Passage Bio, Inc		25,524
	230,944		Phibro Animal Health Corp		5,356,746
	129,928	*	Quanterix Corp		4,197,974
	31,523	*	Reata Pharmaceuticals, Inc		4,655,947
	130,574	*	Replimune Group, Inc		2,607,563
	433,266	*	Retrophin, Inc		8,613,328
	2,444	*	REVOLUTION Medicines, Inc		58,949
	189,926	*	Rocket Pharmaceuticals, Inc		4,468,959
	265,900	*	Sangamo Therapeutics Inc		2,879,697

45

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
	5,332	*,e	Schrodinger, Inc	$	385,930
	389,800	*,e	Sorrento Therapeutics, Inc		3,477,016
	255,000	*	Translate Bio, Inc		3,873,450
	148,266	*	Twist Bioscience Corp		8,308,827
	77,200	*	Ultragenyx Pharmaceutical, Inc		6,033,952
	60,043	*,e	UroGen Pharma Ltd		1,326,350
	75,800	*,e	Vir Biotechnology, Inc		3,620,208
	266,906	*	Voyager Therapeutics, Inc		2,954,649
	280,500	*	Zogenix, Inc		6,673,095
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		299,273,983
REAL ESTATE - 6.8%
	230,000		Acadia Realty Trust		2,769,200
	262,600		American Assets Trust, Inc		7,090,200
	371,700		Armada Hoffler Properties, Inc		3,583,188
	229,359		Bluerock Residential Growth REIT, Inc		1,660,559
	1,973,900		Colony Capital, Inc		3,789,888
	1,477,000		Diversified Healthcare Trust		5,752,915
	181,200		EastGroup Properties, Inc		24,037,992
	173,442		First Industrial Realty Trust, Inc		7,617,573
	809,000		Geo Group, Inc		8,599,670
	449,100		Global Net Lease, Inc		7,477,515
	351,500		Independence Realty Trust, Inc		4,042,250
	428,500		National Storage Affiliates Trust		13,206,370
	605,448		Newmark Group, Inc		2,464,173
	112,300		Office Properties Income Trust		2,824,345
	627,000		Piedmont Office Realty Trust, Inc		10,163,670
	143,328		PS Business Parks, Inc		19,772,098
	49,000		QTS Realty Trust, Inc		3,525,550
	643,500		Retail Properties of America, Inc		4,092,660
	119,200		RMR Group, Inc		3,428,192
	127,699		Saul Centers, Inc		3,921,636
	505,100		STAG Industrial, Inc		16,466,260
	355,100		Summit Hotel Properties, Inc		1,839,418
	422,200		Uniti Group, Inc		4,179,780
			TOTAL REAL ESTATE		162,305,102
RETAILING - 5.2%
	342,948	*	1-800-FLOWERS.COM, Inc (Class A)		9,688,281
	136,696		Aaron’s, Inc		7,132,797
	68,500	*	Asbury Automotive Group, Inc		6,860,275
	445,000	e	Bed Bath & Beyond, Inc		4,814,900
	566,751	*	BJ’s Wholesale Club Holdings, Inc		22,698,378
	486,600	*,e	Conn’s, Inc		4,846,536
	336,900	*,e	Hibbett Sports, Inc		7,812,711
	180,600	*,e	Lands’ End, Inc		1,556,772
	21,900	*	Murphy USA, Inc		2,899,779
	592,300		Rent-A-Center, Inc		17,129,316
	66,100	e	Shoe Carnival, Inc		1,622,755
	259,700	*	Sleep Number Corp		12,076,050
	393,500	*	Sportsman’s Warehouse Holdings, Inc		6,331,415
	50,788	*	Stamps.com, Inc		13,219,101
	213,000	*	Zumiez, Inc		4,920,300
			TOTAL RETAILING		123,609,366

46

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY	VALUE
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.4%
	221,194	*	Axcelis Technologies, Inc	$	6,507,528
	123,931		Brooks Automation, Inc		6,748,043
	475,562	*	Formfactor, Inc		13,715,208
	61,661	*	Inphi Corp		8,056,626
	380,047	*	Lattice Semiconductor Corp		11,815,661
	174,700	*	MaxLinear, Inc		4,428,645
	459,757	*	NeoPhotonics Corp Ltd		4,188,386
	17,856		NVE Corp		968,510
	157,638	*	PDF Solutions, Inc		3,874,742
	1,044,545	*	Rambus, Inc		15,417,484
	44,200	*	Silicon Laboratories, Inc		4,442,542
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		80,163,375
SOFTWARE & SERVICES - 8.4%
	253,300	*	ACI Worldwide, Inc		6,785,907
	202,100	*	Benefitfocus, Inc		2,366,591
	574,000	*	Box, Inc		10,303,300
	818,800	*	Cloudera, Inc		9,227,876
	226,646	*	Commvault Systems, Inc		9,990,556
	1,014,200	*	Digital Turbine, Inc		14,077,096
	133,638	*	Envestnet, Inc		10,851,405
	43,941	*,e	Everbridge, Inc		6,274,775
	118,100		EVERTEC, Inc		3,667,005
	667,200	*	Limelight Networks, Inc		4,183,344
	208,424		Mantech International Corp (Class A)		14,502,142
	128,545		NIC, Inc		2,817,706
	715,463		Perspecta, Inc		15,310,908
	272,945		Progress Software Corp		9,514,863
	64,024	*	Rapid7, Inc		3,813,910
	62,566		Science Applications International Corp		5,004,029
	98,471	*,e	SecureWorks Corp		1,177,713
	101,300	*,e	Sprout Social, Inc		2,926,557
	248,390	*	SPS Commerce, Inc		18,671,476
	321,099	*	Tenable Holdings, Inc		10,894,889
	198,638	*	Upland Software, Inc		6,837,120
	515,500	*	Upwork, Inc		7,742,810
	219,500	*	Verint Systems, Inc		9,853,355
	246,400	*	Workiva, Inc		13,773,760
			TOTAL SOFTWARE & SERVICES		200,569,093
TECHNOLOGY HARDWARE & EQUIPMENT - 2.9%
	66,089	*	ePlus, Inc		4,926,274
	537,100	*	Extreme Networks, Inc		2,443,805
	284,685	*	Fitbit, Inc		1,861,840
	235,200	*	Insight Enterprises, Inc		11,722,368
	59,184	*	Lumentum Holdings, Inc		5,494,051
	123,483	*	OSI Systems, Inc		8,762,354
	241,600	e	Plantronics, Inc		4,829,584
	291,316	*	Ribbon Communications, Inc		1,281,790
	474,801	*	Sanmina Corp		14,092,094
	339,201	*	TTM Technologies, Inc		4,175,564
	674,809	*	Viavi Solutions, Inc		9,332,608
	49,539	*	Vishay Precision Group, Inc		1,260,768
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		70,183,100

47

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

SHARES			COMPANY					VALUE
TELECOMMUNICATION SERVICES - 0.9%
	37,600	*	Anterix, Inc					$	1,638,608
	336,513	*	Boingo Wireless, Inc						4,862,613
	29,131		Cogent Communications Group, Inc						2,624,994
	311,236	*	Liberty Latin America Ltd (Class A)						3,199,506
	113,482		Spok Holdings, Inc						1,137,090
	690,956	*	Vonage Holdings Corp						8,256,924
			TOTAL TELECOMMUNICATION SERVICES						21,719,735
TRANSPORTATION - 1.8%
	163,432		ArcBest Corp						4,966,699
	265,900	*,e	Avis Budget Group, Inc						6,886,810
	129,896		Forward Air Corp						6,753,293
	403,857		Heartland Express, Inc						8,192,239
	251,749	*	Hub Group, Inc (Class A)						13,317,522
	70,358		Marten Transport Ltd						1,872,930
	194,464	*	Radiant Logistics, Inc						826,472
			TOTAL TRANSPORTATION						42,815,965
UTILITIES - 3.0%
	372,796		Avista Corp						13,841,915
	112,628		Black Hills Corp						6,516,656
	220,325		Clearway Energy, Inc (Class A)						5,047,646
	195,951		NorthWestern Corp						11,024,203
	367,239	d	Portland General Electric Co						16,206,257
	134,135		South Jersey Industries, Inc						3,129,370
	94,677		Southwest Gas Holdings Inc						6,593,306
	136,133		Spire, Inc						8,393,961
			TOTAL UTILITIES						70,753,314
			TOTAL COMMON STOCKS						2,382,475,281
			(Cost $2,264,406,528)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 3.7%
REPURCHASE AGREEMENT - 0.2%
$	5,425,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20		5,425,000
			TOTAL REPURCHASE AGREEMENT						5,425,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 3.5%
	83,947,081	c	State Street Navigator Securities Lending Government Money Market Portfolio						83,947,081
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						83,947,081
			TOTAL SHORT-TERM INVESTMENTS						89,372,081
			(Cost $89,372,081)
			TOTAL INVESTMENTS - 103.6%						2,471,847,362
			(Cost $2,353,778,609)
			OTHER ASSETS & LIABILITIES, NET - (3.6)%						(86,128,597	)
			NET ASSETS - 100.0%					$	2,385,718,765

48

TIAA-CREF FUNDS - Quant Small-Cap Equity Fund

	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 $93,152,818.
r	Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $5,425,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $5,533,568.

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

Description	Number of long (short) contracts	Expiration date	Notional amount		Value		Unrealized appreciation (depreciation)
Russell 2000 E Mini Index	40	09/18/20		$2,742,008		$2,955,600		$213,592

49

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

TIAA-CREF FUNDS

QUANT SMALL/MID-CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.9%
AUTOMOBILES & COMPONENTS - 1.0%
	94,191	*	Adient plc	$	1,567,338
	72,100		Harley-Davidson, Inc		1,876,763
	65,965	*	Stoneridge, Inc		1,366,795
	13,490		Thor Industries, Inc		1,537,725
			TOTAL AUTOMOBILES & COMPONENTS		6,348,621
BANKS - 6.0%
	60,129		Bank of NT Butterfield & Son Ltd		1,565,158
	80,255		BankUnited		1,616,336
	49,393		Berkshire Hills Bancorp, Inc		491,954
	54,931		Cathay General Bancorp		1,328,232
	79,205		Central Pacific Financial Corp		1,232,430
	29,853		ConnectOne Bancorp, Inc		411,673
	53,208		Essent Group Ltd		1,906,443
	368,962		First Bancorp		2,007,153
	2,530		First Citizens Bancshares, Inc (Class A)		1,077,451
	98,719		First Hawaiian, Inc		1,715,736
	38,411		Flagstar Bancorp, Inc		1,205,337
	63,675		Great Western Bancorp, Inc		827,775
	75,569		Hilltop Holdings, Inc		1,471,328
	169,235		MGIC Investment Corp		1,399,573
	73,898		National Bank Holdings Corp		2,052,886
	75,849	*	NMI Holdings, Inc		1,177,177
	87,510		OFG Bancorp		1,144,631
	76,349		PacWest Bancorp		1,395,278
	47,436		Popular, Inc		1,760,350
	36,012		Prosperity Bancshares, Inc		2,000,827
	79,142		Radian Group, Inc		1,180,799
	86,438		TFS Financial Corp		1,251,622
	62,956	*	The Bancorp, Inc		593,675
	55,544		Washington Federal, Inc		1,296,397
	26,940		Westamerica Bancorporation		1,626,098
	61,155		WSFS Financial Corp		1,744,752
	82,950		Zions Bancorporation		2,693,387
			TOTAL BANKS		38,174,458
CAPITAL GOODS - 10.7%
	56,272		Advanced Drainage Systems, Inc		2,757,328
	62,996	*	Aecom Technology Corp		2,279,825
	41,036		Allison Transmission Holdings, Inc		1,533,105
	92,778	*	Atkore International Group, Inc		2,474,389
	12,580	*	Axon Enterprise, Inc		1,045,775
	43,459		AZZ, Inc		1,372,435
	190,817	*	Bloom Energy Corp		2,320,335
	99,237	*	BMC Stock Holdings, Inc		2,540,467
	136,892	*	Builders FirstSource, Inc		3,242,971
	33,650		BWX Technologies, Inc		1,834,598

50

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

SHARES			COMPANY	VALUE
	16,591		Carlisle Cos, Inc	$	1,975,656
	33,742		Comfort Systems USA, Inc		1,677,315
	20,741		Curtiss-Wright Corp		1,848,438
	49,341		EMCOR Group, Inc		3,379,859
	25,325		EnPro Industries, Inc		1,208,762
	94,396	*	Evoqua Water Technologies Corp		1,815,235
	52,805		Federal Signal Corp		1,632,203
	56,986		Flowserve Corp		1,588,200
	79,614	*	Foundation Building Materials, Inc		1,093,100
	22,937	*	Gibraltar Industries, Inc		1,186,302
	59,030	*	GMS, Inc		1,383,073
	23,397		Graco, Inc		1,245,656
	121,625	*	Harsco Corp		1,941,135
	85,780		Howmet Aerospace, Inc		1,267,828
	65,545		ITT, Inc		3,783,913
	24,846		Jacobs Engineering Group, Inc		2,120,606
	208,523	*	MRC Global, Inc		1,240,712
	25,094		MSC Industrial Direct Co (Class A)		1,656,455
	37,610	*	MYR Group, Inc		1,379,159
	50,100	*	Navistar International Corp		1,604,703
	120,560	*	NOW, Inc		950,013
	50,742		Primoris Services Corp		813,394
	35,689		Quanta Services, Inc		1,426,489
	14,230	*	RBC Bearings, Inc		1,742,037
	75,164		Rexnord Corp		2,177,501
	14,926		Simpson Manufacturing Co, Inc		1,441,255
	41,660	*	SPX Corp		1,749,720
	33,772	*	Vectrus, Inc		1,485,630
			TOTAL CAPITAL GOODS		68,215,577
COMMERCIAL & PROFESSIONAL SERVICES - 1.3%
	43,174		ABM Industries, Inc		1,549,946
	34,129		Insperity, Inc		2,281,865
	69,520		Kforce, Inc		2,004,957
	26,340		Kimball International, Inc (Class B)		288,160
	25,900		Manpower, Inc		1,781,661
	35,371	*	SP Plus Corp		562,045
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		8,468,634
CONSUMER DURABLES & APPAREL - 4.9%
	8,850	*	Cavco Industries, Inc		1,772,921
	51,617	*	CROCS, Inc		1,855,115
	43,921	*	Malibu Boats, Inc		2,581,676
	112,600	*	Nautilus, Inc		1,174,418
	156,841		Newell Brands Inc		2,572,192
	713	*	NVR, Inc		2,802,197
	78,435		Pulte Homes, Inc		3,419,766
	68,450	*	Purple Innovation, Inc		1,668,127
	95,668	*	Skyline Champion Corp		2,700,708
	106,420	*	Sonos, Inc		1,702,720
	72,983		Steven Madden Ltd		1,545,780
	25,515	*	Tempur Sealy International, Inc		2,065,439
	18,671	*	TopBuild Corp		2,463,078
	55,220	*	YETI Holdings, Inc		2,699,706
			TOTAL CONSUMER DURABLES & APPAREL		31,023,843

51

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

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 2.9%
	96,764		ARAMARK Holdings Corp	$	2,043,656
	64,450		Boyd Gaming Corp		1,525,531
	34,180	*,e	Caesars Entertainment, Inc		1,061,289
	116,600	*	Denny’s Corp		1,035,991
	40,699		Dunkin Brands Group, Inc		2,797,242
	41,032	*	frontdoor, Inc		1,723,139
	94,610		H&R Block, Inc		1,371,845
	75,625	*	Perdoceo Education Corp		1,089,000
	55,374	*	ServiceMaster Global Holdings, Inc		2,264,243
	15,175		Strategic Education, Inc		1,915,237
	15,870		Twin River Worldwide Holdings Inc		342,157
	53,200	*	WW International Inc		1,371,496
			TOTAL CONSUMER SERVICES		18,540,826
DIVERSIFIED FINANCIALS - 4.9%
	72,839		Artisan Partners Asset Management, Inc		2,638,957
	125,444		Brightsphere Investment Group, Inc		1,685,967
	79,772	*	Cannae Holdings, Inc		3,005,809
	29,048		Cohen & Steers, Inc		1,748,109
	77,016		Federated Investors, Inc (Class B)		2,030,142
	61,293		LPL Financial Holdings, Inc		4,843,373
	3,421		MarketAxess Holdings, Inc		1,767,631
	13,956		Morningstar, Inc		2,345,166
	57,253		OneMain Holdings, Inc		1,643,161
	136,730		Starwood Property Trust, Inc		2,044,113
	29,831	*	StoneX Group, Inc		1,565,531
	24,000	e	Vanguard Small-Cap ETF		3,658,080
	80,996		Virtu Financial, Inc		2,008,701
			TOTAL DIVERSIFIED FINANCIALS		30,984,740
ENERGY - 2.8%
	100,000		Apache Corp		1,535,000
	124,350	*	ChampionX Corp		1,182,569
	45,474		Cimarex Energy Co		1,112,294
	445,094	*	Clean Energy Fuels Corp		1,059,324
	134,000		Devon Energy Corp		1,405,660
	86,510	*	Green Plains Inc		1,118,574
	149,510	*	Magnolia Oil & Gas Corp		894,070
	262,080		Marathon Oil Corp		1,438,819
	275,049	*	NexTier Oilfield Solutions, Inc		693,123
	130,519		Parsley Energy, Inc		1,433,099
	328,620		Patterson-UTI Energy, Inc		1,273,403
	59,171	*	Renewable Energy Group, Inc		1,631,936
	86,780		Targa Resources Investments, Inc		1,586,338
	56,174		World Fuel Services Corp		1,321,774
			TOTAL ENERGY		17,685,983
FOOD & STAPLES RETAILING - 1.1%
	71,483		Andersons, Inc		1,016,488
	79,200	*	Rite Aid Corp		1,200,672
	96,520		SpartanNash Co		2,029,333
	123,284	*	United Natural Foods, Inc		2,447,188
			TOTAL FOOD & STAPLES RETAILING		6,693,681

52

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

SHARES			COMPANY	VALUE
FOOD, BEVERAGE & TOBACCO - 1.8%
	56,943		Bunge Ltd	$	2,473,604
	21,683	*	Freshpet, Inc		2,082,652
	120,293	*	Hostess Brands, Inc		1,525,315
	30,917		Ingredion, Inc		2,674,321
	45,490		Lamb Weston Holdings, Inc		2,733,039
			TOTAL FOOD, BEVERAGE & TOBACCO		11,488,931
HEALTH CARE EQUIPMENT & SERVICES - 5.2%
	5,694	*	DexCom, Inc		2,479,965
	55,350		Encompass Health Corp		3,768,228
	35,081		Hill-Rom Holdings, Inc		3,410,575
	20,385	*	Magellan Health Services, Inc		1,511,955
	24,680	*	Molina Healthcare, Inc		4,558,396
	20,787	*	Nevro Corp		2,763,839
	24,900	*,e	Ontrak, Inc		952,674
	42,408	*	Orthofix Medical Inc		1,302,350
	33,917		Patterson Cos, Inc		900,835
	31,171	*	Providence Service Corp		2,525,163
	139,100	*	R1 RCM, Inc		1,901,497
	94,276	*	Select Medical Holdings Corp		1,795,015
	26,981	*	Silk Road Medical Inc		1,253,537
	17,434	*	Tandem Diabetes Care, Inc		1,821,156
	8,516	*	Teladoc, Inc		2,023,657
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		32,968,842
HOUSEHOLD & PERSONAL PRODUCTS - 0.7%
	92,514	*	elf Beauty, Inc		1,652,300
	17,654		Medifast, Inc		2,950,513
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		4,602,813
INSURANCE - 2.4%
	39,081		American Financial Group, Inc		2,374,952
	62,064		Assured Guaranty Ltd		1,354,857
	33,680		First American Financial Corp		1,718,017
	25,082		Kemper Corp		1,969,439
	19,916		Mercury General Corp		854,596
	33,501		ProAssurance Corp		492,465
	30,967		Selective Insurance Group, Inc		1,682,747
	44,670		W.R. Berkley Corp		2,758,372
	2,409		White Mountains Insurance Group Ltd		2,120,233
			TOTAL INSURANCE		15,325,678
MATERIALS - 6.5%
	19,772		Avery Dennison Corp		2,240,958
	51,092		Avient Corp		1,221,099
	99,150	*	Axalta Coating Systems Ltd		2,201,130
	61,147		Boise Cascade Co		2,848,839
	62,786		CF Industries Holdings, Inc		1,967,085
	66,233		Commercial Metals Co		1,369,698
	139,965	*	Element Solutions, Inc		1,520,020
	158,274		Graphic Packaging Holding Co		2,206,340
	293,635		Hecla Mining Co		1,620,865
	16,579		Innospec, Inc		1,246,243

53

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

SHARES			COMPANY	VALUE
	55,900		Louisiana-Pacific Corp	$	1,770,353
	29,397		Materion Corp		1,687,976
	29,444		Reliance Steel & Aluminum Co		2,893,167
	16,186		Royal Gold, Inc		2,264,907
	20,133		Scotts Miracle-Gro Co (Class A)		3,192,490
	31,550		Sensient Technologies Corp		1,647,226
	79,957		Silgan Holdings, Inc		3,058,355
	97,554	*	Summit Materials, Inc		1,435,995
	88,141		UFP Industries, Inc		5,131,569
			TOTAL MATERIALS		41,524,315
MEDIA & ENTERTAINMENT - 1.3%
	35,224	*	EverQuote Inc		1,917,947
	119,690	*	iHeartMedia, Inc		1,000,608
	76,704	*	Liberty Media Group (Class C)		2,718,390
	151,545	*	Magnite, Inc		910,028
	25,340	*	Zillow Group, Inc (Class C)		1,733,002
			TOTAL MEDIA & ENTERTAINMENT		8,279,975
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.8%
	59,826	*	Acadia Pharmaceuticals, Inc		2,486,967
	41,300	*,e	Accelerate Diagnostics, Inc		600,089
	15,040	*	Acceleron Pharma, Inc		1,491,517
	27,648	*	Agios Pharmaceuticals, Inc		1,253,007
	210,187	*	Akebia Therapeutics, Inc		2,347,789
	83,342	*	Alkermes plc		1,500,989
	167,257	*	Amicus Therapeutics, Inc		2,416,864
	28,876	*	Bluebird Bio, Inc		1,752,773
	18,342	*	Charles River Laboratories International, Inc		3,649,875
	17,800	*	ChemoCentryx, Inc		938,238
	86,010	*	Exelixis, Inc		1,985,971
	67,227	*,e	Flexion Therapeutics, Inc		912,270
	126,631	*	Halozyme Therapeutics, Inc		3,443,097
	93,973	*	Horizon Therapeutics Plc		5,750,208
	53,741	*	Immunomedics, Inc		2,269,482
	48,400	*,e	Inovio Pharmaceuticals, Inc		940,896
	32,900	*	Intellia Therapeutics, Inc		585,949
	19,605	*	Jazz Pharmaceuticals plc		2,122,241
	63,530	*	Kura Oncology, Inc		1,044,433
	41,186	*	Natera, Inc		1,977,752
	23,706	*	Neurocrine Biosciences, Inc		2,853,254
	36,168	*,e	Novavax, Inc		5,175,641
	44,134		Perrigo Co plc		2,339,985
	37,428		Phibro Animal Health Corp		868,143
	26,731	*	PRA Health Sciences, Inc		2,848,455
	63,579	*	Radius Health, Inc		797,916
	6,334	*	Reata Pharmaceuticals, Inc		935,532
	31,100	*	Retrophin, Inc		618,268
	20,846	*	Sarepta Therapeutics, Inc		3,200,278
	7,205	*	Seattle Genetics, Inc		1,197,975
	21,825	*	United Therapeutics Corp		2,432,833
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		62,738,687

54

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

SHARES			COMPANY	VALUE
REAL ESTATE - 8.3%
	17,974		Agree Realty Corp	$	1,203,719
	109,171		Alexander & Baldwin, Inc		1,290,401
	58,487		American Campus Communities, Inc		2,084,477
	144,054		Brixmor Property Group, Inc		1,658,062
	43,073		Camden Property Trust		3,911,459
	58,800		CareTrust REIT, Inc		1,059,576
	112,366		Columbia Property Trust, Inc		1,343,897
	259,430		Diversified Healthcare Trust		1,010,480
	74,538		Douglas Emmett, Inc		2,172,037
	56,083		Equity Commonwealth		1,770,540
	60,156		Equity Lifestyle Properties, Inc		4,109,858
	49,689		First Industrial Realty Trust, Inc		2,182,341
	118,790		Front Yard Residential Corp		1,029,909
	51,643		Gaming and Leisure Properties, Inc		1,869,993
	46,438		Getty Realty Corp		1,375,958
	45,922		Healthcare Realty Trust, Inc		1,345,515
	78,939		Hudson Pacific Properties		1,860,592
	87,466		Kennedy-Wilson Holdings, Inc		1,297,996
	24,946		Life Storage, Inc		2,447,951
	56,700		National Retail Properties, Inc		2,010,015
	42,023		NexPoint Residential Trust, Inc		1,606,539
	84,800		Omega Healthcare Investors, Inc		2,745,824
	162,850		Paramount Group, Inc		1,161,121
	93,070		Park Hotels & Resorts, Inc		769,689
	83,060		Physicians Realty Trust		1,498,402
	8,752		PS Business Parks, Inc		1,207,339
	14,308		RMR Group, Inc		411,498
	68,495		STAG Industrial, Inc		2,232,937
	121,520		VICI Properties, Inc		2,638,199
	75,022		Weingarten Realty Investors		1,279,875
			TOTAL REAL ESTATE		52,586,199
RETAILING - 4.0%
	35,381	*	Autonation, Inc		1,816,461
	98,990		Bed Bath & Beyond, Inc		1,071,072
	78,860	e	Camping World Holdings, Inc		2,887,853
	70,799		Core-Mark Holding Co, Inc		1,877,590
	23,700	*	Etsy, Inc		2,805,606
	217,640	*,e	GameStop Corp (Class A)		872,736
	22,790	*	GrubHub, Inc		1,646,350
	80,230	*	Hudson Ltd		351,407
	45,677	*	National Vision Holdings, Inc		1,461,207
	12,980		Pool Corp		4,110,766
	8,490	*	RH		2,440,281
	47,125		Sonic Automotive, Inc (Class A)		1,796,405
	257,800	*,e	Waitr Holdings Inc		1,376,652
	52,772	*	Zumiez, Inc		1,219,033
			TOTAL RETAILING		25,733,419
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.9%
	164,984	*	Amkor Technology, Inc		2,242,958
	46,843		Brooks Automation, Inc		2,550,602
	19,895	*	Enphase Energy, Inc		1,200,862

55

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

SHARES			COMPANY	VALUE
	58,967	*	Formfactor, Inc	$	1,700,608
	35,795	*,e	Impinj, Inc		844,762
	82,276	*	Lattice Semiconductor Corp		2,557,961
	67,343		Marvell Technology Group Ltd		2,455,999
	291,638	*	NeoPhotonics Corp Ltd		2,656,822
	62,969		Teradyne, Inc		5,601,722
	16,896		Universal Display Corp		2,947,507
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		24,759,803
SOFTWARE & SERVICES - 11.2%
	31,823		Amdocs Ltd		1,976,208
	25,537	*	Avalara, Inc		3,433,450
	30,698	*	Black Knight, Inc		2,299,894
	46,839		Booz Allen Hamilton Holding Co		3,829,557
	12,639	*	CACI International, Inc (Class A)		2,626,637
	82,490	*	Cloudera, Inc		929,662
	43,456		CoreLogic Inc		2,961,961
	30,191	*	Cornerstone OnDemand, Inc		1,072,082
	11,404	*	DocuSign, Inc		2,472,729
	57,720	*	Domo, Inc		1,857,430
	66,603	*	Dynatrace, Inc		2,786,004
	27,555	*	Elastic NV		2,650,515
	50,751		EVERTEC, Inc		1,575,819
	34,631	*	Five9, Inc		4,184,117
	74,490		Genpact Ltd		2,966,192
	8,660	*	Globant S.A.		1,497,660
	215,114	*	Limelight Networks, Inc		1,348,765
	16,409		Mantech International Corp (Class A)		1,141,738
	22,241	*	Model N, Inc		855,389
	124,070	*	Nuance Communications, Inc		3,393,315
	74,475	*,e	Nutanix, Inc		1,652,600
	19,129	*	Paylocity Holding Corp		2,547,983
	39,561		Pegasystems, Inc		4,624,285
	121,299		Perspecta, Inc		2,595,799
	58,001		Progress Software Corp		2,021,915
	33,537	*	RealPage, Inc		2,113,166
	42,873	*	SPS Commerce, Inc		3,222,763
	84,696	*	SVMK, Inc		2,031,010
	105,470		Switch, Inc		1,897,405
	29,752	*	Zendesk, Inc		2,711,895
			TOTAL SOFTWARE & SERVICES		71,277,945
TECHNOLOGY HARDWARE & EQUIPMENT - 3.7%
	42,225	*	Arrow Electronics, Inc		3,024,154
	73,445		Avnet, Inc		1,962,450
	65,094	*	Ciena Corp		3,873,744
	13,920	*	ePlus, Inc		1,037,597
	31,890	*	Insight Enterprises, Inc		1,589,398
	24,723	*	Itron, Inc		1,719,732
	60,396		Jabil Inc		2,105,405
	88,843	*	Knowles Corp		1,355,744
	67,681		National Instruments Corp		2,402,676
	69,112	*	Sanmina Corp		2,051,244
	21,811		Synnex Corp		2,720,704
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		23,842,848

56

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

SHARES			COMPANY					VALUE
TELECOMMUNICATION SERVICES - 0.6%
	35,593	*	GCI Liberty, Inc					$	2,790,135
	118,413	*	Liberty Latin America Ltd (Class A)						1,217,286
			TOTAL TELECOMMUNICATION SERVICES						4,007,421
TRANSPORTATION - 2.4%
	59,762		Alaska Air Group, Inc						2,058,203
	58,031	*	Echo Global Logistics, Inc						1,454,547
	24,816		Forward Air Corp						1,290,184
	75,125	*	Hub Group, Inc (Class A)						3,974,112
	27,824		Landstar System, Inc						3,388,407
	69,360		Marten Transport Ltd						1,846,363
	23,300		Werner Enterprises, Inc						1,024,851
			TOTAL TRANSPORTATION						15,036,667
UTILITIES - 2.5%
	75,134		Clearway Energy, Inc (Class A)						1,721,320
	94,196		MDU Resources Group, Inc						1,976,232
	108,256		NRG Energy, Inc						3,660,136
	26,790		ONE Gas, Inc						2,028,003
	50,455		Portland General Electric Co						2,226,579
	58,109	†	TerraForm Power, Inc						1,124,409
	183,217		Vistra Energy Corp						3,418,829
			TOTAL UTILITIES						16,155,508
			TOTAL COMMON STOCKS						636,465,414
			(Cost $573,629,779)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 2.2%
REPURCHASE AGREEMENT - 0.5%
$	2,965,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20		2,965,000
			TOTAL REPURCHASE AGREEMENT						2,965,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.7%
	11,217,575	c	State Street Navigator Securities Lending Government Money Market Portfolio						11,217,575
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						11,217,575
			TOTAL SHORT-TERM INVESTMENTS						14,182,575
			(Cost $14,182,575)
			TOTAL INVESTMENTS - 102.1%						650,647,989
			(Cost $587,812,354)
			OTHER ASSETS & LIABILITIES, NET - (2.1)%						(13,544,629	)
			NET ASSETS - 100.0%					$	637,103,360

57

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

	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.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $11,948,175.
r	Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $2,965,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $3,024,337.

58

TIAA-CREF FUNDS - Social Choice Equity Fund

TIAA-CREF FUNDS

SOCIAL CHOICE EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.4%
AUTOMOBILES & COMPONENTS - 1.2%
	55,976		Aptiv plc	$	4,352,134
	12,746		BorgWarner, Inc		466,504
	86,264	*	Tenneco, Inc		639,216
	40,099	*	Tesla, Inc		57,372,045
			TOTAL AUTOMOBILES & COMPONENTS		62,829,899
BANKS - 2.3%
	1,694		Ameris Bancorp		39,089
	26,689		Associated Banc-Corp		342,687
	47,422		Bank OZK		1,140,499
	3,518		Banner Corp		124,643
	47,884		Berkshire Hills Bancorp, Inc		476,925
	6,267		Brookline Bancorp, Inc		60,132
	8,221		Bryn Mawr Bank Corp		214,075
	1,799		Cadence BanCorp		14,050
	3,985		Camden National Corp		126,285
	471,252		Citizens Financial Group, Inc		11,691,762
	440		Columbia Banking System, Inc		12,729
	108,335		Comerica, Inc		4,173,064
	337		Commerce Bancshares, Inc		19,297
	1,572		Community Trust Bancorp, Inc		48,119
	3,270	e	Cullen/Frost Bankers, Inc		235,636
	46,110	*	Customers Bancorp, Inc		546,403
	8,730	*	Equity Bancshares, Inc		123,442
	12,542		Federal Agricultural Mortgage Corp (Class C)		746,374
	10,587		First Busey Corp		181,038
	44,108		First Republic Bank		4,961,268
	1,130		FNB Corp		8,373
	540		Glacier Bancorp, Inc		19,067
	52,448		Great Western Bancorp, Inc		681,824
	1,279		Hancock Whitney Corp		24,378
	47,968		Hanmi Financial Corp		442,745
	8,920		Heartland Financial USA, Inc		278,661
	3,902		Heritage Financial Corp		73,806
	19,184		HomeStreet, Inc		507,225
	13,122		HomeTrust Bancshares, Inc		189,219
	285,811		Huntington Bancshares, Inc		2,649,468
	118,883		Investors Bancorp, Inc		965,330
	94,874		Kearny Financial Corp		762,787
	218,676		Keycorp		2,626,299
	24,031		Live Oak Bancshares, Inc		408,767
	82,152		M&T Bank Corp		8,704,004
	17,553		MGIC Investment Corp		145,163
	15,374	*	Mr Cooper Group, Inc		251,057
	26,162		National Bank Holdings Corp		726,780
	310		NBT Bancorp, Inc		9,235

59

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	468,877		New York Community Bancorp, Inc	$	4,937,275
	22,664		Northfield Bancorp, Inc		217,801
	7,838		Old National Bancorp		109,654
	166,628		People’s United Financial, Inc		1,797,916
	53,702		Pinnacle Financial Partners, Inc		2,127,673
	259,889		PNC Financial Services Group, Inc		27,722,360
	682,855		Regions Financial Corp		7,415,805
	5,811		Signature Bank		595,802
	6,239		Sterling Bancorp		70,189
	12,826		Stock Yards Bancorp, Inc		501,368
	19,485	*	SVB Financial Group		4,369,901
	1,879	*	Texas Capital Bancshares, Inc		62,420
	10,055		TFS Financial Corp		145,596
	17,614	*	The Bancorp, Inc		166,100
	3,796		Trico Bancshares		106,288
	31,975	*	Tristate Capital Holdings, Inc		423,669
	513,618		Truist Financial Corp		19,240,130
	350		Trustmark Corp		7,882
	2,167		UMB Financial Corp		107,917
	650		Umpqua Holdings Corp		7,053
	3,046		United Bankshares, Inc		80,171
	17,523		Univest Financial Corp		267,927
	3,230		Webster Financial Corp		88,082
	21,910		WesBanco, Inc		434,475
	1,553		Westamerica Bancorporation		93,739
	230		Wintrust Financial Corp		9,844
	684		WSFS Financial Corp		19,515
	55,123		Zions Bancorporation		1,789,844
			TOTAL BANKS		117,668,101
CAPITAL GOODS - 5.3%
	213,347		3M Co		32,102,323
	954		Acuity Brands, Inc		94,541
	16,472	*	Aegion Corp		253,998
	40,971	*	Astronics Corp		356,448
	85,519	*	Axon Enterprise, Inc		7,109,194
	46,198		Barnes Group, Inc		1,703,320
	419	*	Beacon Roofing Supply, Inc		13,056
	145,855	*	Bloom Energy Corp		1,773,597
	17,565		Carlisle Cos, Inc		2,091,640
	186,879		Caterpillar, Inc		24,832,482
	41,474		Cubic Corp		1,741,908
	35,835		Cummins, Inc		6,925,472
	74,317		Curtiss-Wright Corp		6,623,131
	99,550		Deere & Co		17,551,661
	171,470		Eaton Corp		15,969,001
	1,365		EMCOR Group, Inc		93,503
	119,034		Fastenal Co		5,599,359
	99,730		Fortive Corp		7,000,049
	300		GATX Corp		18,297
	245		Granite Construction, Inc		4,155
	11,668	*	Herc Holdings, Inc		391,345
	143,741		Hexcel Corp		5,361,539
	1,801		IDEX Corp		296,841
	160,575		Illinois Tool Works, Inc		29,704,769

60

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	317,614		Johnson Controls International plc	$	12,221,787
	171,085		Masco Corp		9,779,219
	92,806	*	Mercury Systems, Inc		7,185,969
	23,535		Moog, Inc (Class A)		1,264,300
	3,829	*	MYR Group, Inc		140,409
	6,412		Owens Corning, Inc		387,734
	59,731		PACCAR, Inc		5,081,913
	47,521		Parker-Hannifin Corp		8,502,457
	26,912	*,e	Plug Power, Inc		207,492
	37,955		Rockwell Automation, Inc		8,279,504
	36,980		Roper Technologies Inc		15,992,001
	2,611		Rush Enterprises, Inc (Class A)		124,231
	9,292		Snap-On, Inc		1,355,424
	21,108	*	Sunrun, Inc		774,453
	37,441	*	Teledyne Technologies, Inc		11,483,155
	69,059		Trane Technologies plc		7,725,630
	19,636	*	Trimas Corp		459,482
	30,230	*	United Rentals, Inc		4,696,835
	6,730	*	Vectrus, Inc		296,053
	13,236		W.W. Grainger, Inc		4,520,491
	1,174		Wabash National Corp		13,372
	4,192	*	WESCO International, Inc		162,943
	36,655		Woodward Inc		2,746,926
	36,530		Xylem, Inc		2,665,959
			TOTAL CAPITAL GOODS		273,679,368
COMMERCIAL & PROFESSIONAL SERVICES - 1.5%
	540		ABM Industries, Inc		19,386
	9,872		ACCO Brands Corp		64,365
	970	*	ASGN Inc		66,406
	13,974		Cintas Corp		4,218,331
	138,324	*	Copart, Inc		12,898,713
	650		Covanta Holding Corp		6,396
	11,966	*	FTI Consulting, Inc		1,429,219
	4,282		Heidrick & Struggles International, Inc		86,625
	8,866	*	Huron Consulting Group, Inc		423,086
	4,156		ICF International, Inc		280,987
	262,982		IHS Markit Ltd		21,230,537
	39,570		Kelly Services, Inc (Class A)		586,032
	5,758		Kimball International, Inc (Class B)		62,993
	590		Knoll, Inc		6,909
	69,279		Nielsen NV		999,696
	19,611		Resources Connection, Inc		221,604
	52,605		Robert Half International, Inc		2,676,016
	1,210		Steelcase, Inc (Class A)		12,983
	120,100		TransUnion		10,757,357
	2,825	*	TriNet Group, Inc		186,450
	14,026		Verisk Analytics, Inc		2,646,847
	34,600		Viad Corp		500,316
	145,676		Waste Management, Inc		15,966,090
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		75,347,344
CONSUMER DURABLES & APPAREL - 1.4%
	13,930		Callaway Golf Co		265,367
	396		Columbia Sportswear Co		30,033

61

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	48,547		DR Horton, Inc	$	3,211,870
	41,286		Ethan Allen Interiors, Inc		488,826
	6,860		Garmin Ltd		676,327
	9,306	*	Green Brick Partners, Inc		128,423
	258		Hasbro, Inc		18,772
	23,776	*,e	iRobot Corp		1,728,278
	39,735		Lennar Corp (Class A)		2,874,827
	27,336	*	Lululemon Athletica, Inc		8,900,328
	17,259	*	Mohawk Industries, Inc		1,378,131
	5,483		Newell Brands Inc		89,921
	392,949		Nike, Inc (Class B)		38,355,752
	2,134	*	NVR, Inc		8,386,940
	1,614		PVH Corp		78,537
	136,133	*	Sonos, Inc		2,178,128
	57,495		VF Corp		3,470,398
			TOTAL CONSUMER DURABLES & APPAREL		72,260,858
CONSUMER SERVICES - 2.3%
	26,652	*	American Public Education, Inc		775,840
	33,683	*	Bright Horizons Family Solutions		3,612,165
	27,978		Carriage Services, Inc		618,594
	34,706		Darden Restaurants, Inc		2,634,185
	79,641	e	Dave & Buster’s Entertainment, Inc		982,770
	320		Dine Brands Global Inc.		14,538
	24,042		Domino’s Pizza, Inc		9,294,878
	6,529		Dunkin Brands Group, Inc		448,738
	36,071	*	El Pollo Loco Holdings, Inc		712,763
	12,999	*	frontdoor, Inc		545,893
	7,258		Graham Holdings Co		2,891,369
	237,102		Hilton Worldwide Holdings, Inc		17,794,505
	17,475		Marriott Vacations Worldwide Corp		1,479,433
	28,107	*	Planet Fitness, Inc		1,467,185
	48,242	*,e	Regis Corp		370,499
	214,045	e	Royal Caribbean Cruises Ltd		10,426,132
	79,942		Service Corp International		3,466,285
	87,949	*	ServiceMaster Global Holdings, Inc		3,596,235
	3,259	*,e	Shake Shack, Inc		158,224
	73,527		Six Flags Entertainment Corp		1,278,635
	451,787		Starbucks Corp		34,575,259
	19,207		Vail Resorts, Inc		3,688,320
	74,915		Wendy’s		1,736,530
	23,431	*	WW International Inc		604,051
	164,403		Yum! Brands, Inc		14,968,893
			TOTAL CONSUMER SERVICES		118,141,919
DIVERSIFIED FINANCIALS - 5.6%
	99,673		Ally Financial, Inc		2,003,427
	255,222		American Express Co		23,817,317
	502,214		Bank of New York Mellon Corp		18,004,372
	49,759		BlackRock, Inc		28,611,923
	426,206		Charles Schwab Corp		14,128,729
	127,359		CME Group, Inc		21,164,519
	280		Cohen & Steers, Inc		16,850
	358,261		Discover Financial Services		17,708,841

62

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	26,410		E*TRADE Financial Corp	$	1,340,836
	8,872		Factset Research Systems, Inc		3,072,374
	93,919		Franklin Resources, Inc		1,976,995
	9,333	*	Green Dot Corp		473,090
	334,678		Intercontinental Exchange Group, Inc		32,390,137
	36,329		Invesco Ltd		364,743
	38,298		Legg Mason, Inc		1,914,517
	13,720		MarketAxess Holdings, Inc		7,089,124
	66,740		Moody’s Corp		18,773,962
	650,999		Morgan Stanley		31,820,831
	22,879		Nasdaq Inc		3,004,241
	14,006	*,†	NewStar Financial, Inc		3,382
	119,931		Northern Trust Corp		9,396,594
	5,668	*	PRA Group, Inc		224,226
	198,276		Redwood Trust, Inc		1,413,708
	107,469		S&P Global, Inc		37,641,017
	123,600		State Street Corp		7,884,444
	27,351		T Rowe Price Group, Inc		3,777,173
	25,591		Voya Financial, Inc		1,264,195
			TOTAL DIVERSIFIED FINANCIALS		289,281,567
ENERGY - 2.6%
	415,657	e	Antero Midstream Corp		2,356,775
	168,015		Apache Corp		2,579,030
	221,597		Baker Hughes Co		3,432,538
	2,812	*	ChampionX Corp		26,742
	131,742	*	Cheniere Energy, Inc		6,518,594
	410,730		Chevron Corp		34,476,676
	12,907		Cimarex Energy Co		315,705
	473,573		ConocoPhillips		17,706,895
	2,207	e	Delek US Holdings, Inc		38,578
	211,025		EQT Corp		3,064,083
	17,193		Equitrans Midstream Corp		165,913
	275,443	*	Gulfport Energy Corp		278,198
	244,595	*	Helix Energy Solutions Group, Inc		1,024,853
	96,629		Hess Corp		4,755,113
	950,369		Kinder Morgan, Inc		13,400,203
	681,982		Kosmos Energy Ltd		1,097,991
	1,358,926		Marathon Oil Corp		7,460,504
	14,654	*	Matrix Service Co		128,296
	4,184		National Oilwell Varco, Inc		48,158
	159,385		Noble Energy, Inc		1,592,256
	12,097	*	Oceaneering International, Inc		67,985
	19,522		ONEOK, Inc		544,859
	213,830		Parsley Energy, Inc		2,347,853
	496,614		Schlumberger Ltd		9,008,578
	44,832	*	Select Energy Services, Inc		199,054
	744,346	*	Southwestern Energy Co		1,808,761
	201,345		Valero Energy Corp		11,321,629
	250,531		Williams Cos, Inc		4,792,658
			TOTAL ENERGY		130,558,478
FOOD & STAPLES RETAILING - 0.5%
	53,353		Casey’s General Stores, Inc		8,493,264
	40,533	*	Chefs’ Warehouse Holdings, Inc		467,346

63

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	13,836	*	Performance Food Group Co	$	387,685
	37,095		Pricesmart, Inc		2,424,900
	59,184		SpartanNash Co		1,244,344
	201,369	*	Sprouts Farmers Market, Inc		5,312,114
	92,192	*	United Natural Foods, Inc		1,830,011
	249,841	*	US Foods Holding Corp		5,071,772
	16,307		Weis Markets, Inc		812,415
			TOTAL FOOD & STAPLES RETAILING		26,043,851
FOOD, BEVERAGE & TOBACCO - 3.2%
	47,253	*	Beyond Meat, Inc		5,949,153
	75,680		Campbell Soup Co		3,751,458
	1,039,850		Coca-Cola Co		49,122,514
	52,427		Fresh Del Monte Produce, Inc		1,183,802
	366,471		General Mills, Inc		23,186,620
	3,800	*	Hain Celestial Group, Inc		129,124
	206,505		Hormel Foods Corp		10,502,844
	130,364		Kellogg Co		8,993,812
	35,028		McCormick & Co, Inc		6,826,957
	394,439		PepsiCo, Inc		54,298,473
	6,553	*	TreeHouse Foods, Inc		287,152
			TOTAL FOOD, BEVERAGE & TOBACCO		164,231,909
HEALTH CARE EQUIPMENT & SERVICES - 7.3%
	36,512	*	Abiomed, Inc		10,951,409
	42,465	*	Align Technology, Inc		12,477,066
	276,774	*	Allscripts Healthcare Solutions, Inc		2,490,966
	59,123	*	Angiodynamics, Inc		488,356
	198,633	*	Antares Pharma, Inc		518,432
	27,438	*	AtriCure, Inc		1,119,745
	983	*,e	Axonics Modulation Technologies, Inc		41,640
	1,171	*	BioTelemetry, Inc		49,838
	142,328		Cardinal Health, Inc		7,773,955
	21,971	*	Cardiovascular Systems, Inc		669,676
	54,460	*	Centene Corp		3,553,515
	315,666		Cerner Corp		21,923,004
	238,681	*	Cerus Corp		1,701,796
	68,573		Cigna Corp		11,841,871
	19,097		Computer Programs & Systems, Inc		471,314
	34,556		Cooper Cos, Inc		9,776,929
	86,367	*	Covetrus, Inc		1,913,893
	349,817		CVS Health Corp		22,017,482
	174,825		Dentsply Sirona, Inc		7,797,195
	356,778	*	Edwards Lifesciences Corp		27,974,963
	141,106	*	Envista Holdings Corp		3,085,988
	116,147	*	GenMark Diagnostics, Inc		2,074,385
	12,520	*,e	Glaukos Corp		547,124
	49,224	*	Globus Medical, Inc		2,371,612
	10,134	*	Guardant Health, Inc		863,214
	7,898	*	Haemonetics Corp		692,339
	105,672		HCA Healthcare, Inc		13,382,302
	55,315	*,e	Health Catalyst, Inc		1,930,494
	22,037	*	Henry Schein, Inc		1,514,603
	11,725	*,e	Heska Corp		1,128,180

64

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	24,212		Hill-Rom Holdings, Inc	$	2,353,891
	57,975	*	HMS Holdings Corp		1,884,188
	92,217	*	Hologic, Inc		6,434,902
	34,036		Humana, Inc		13,357,428
	49,662	*	IDEXX Laboratories, Inc		19,753,061
	7,998	*	Inogen, Inc		245,539
	18,829	*	Integer Holding Corp		1,238,383
	37,957	*	Laboratory Corp of America Holdings		7,322,664
	25,670		LeMaitre Vascular, Inc		752,901
	7,921	*	LivaNova plc		368,643
	1,635	*	Magellan Health Services, Inc		121,268
	71,174	*	Meridian Bioscience, Inc		1,743,051
	90,554	*	Merit Medical Systems, Inc		4,049,575
	94,024	*	NextGen Healthcare, Inc		1,374,631
	36,544	*	Omnicell, Inc		2,568,678
	98,521	*	OraSure Technologies, Inc		1,788,156
	30,909	*	Orthofix Medical Inc		949,215
	32,142		Owens & Minor, Inc		516,843
	13,076	*	Penumbra, Inc		2,901,695
	1,887	*	Premier, Inc		65,988
	2,365	*	Providence Service Corp		191,589
	22,904		Quest Diagnostics, Inc		2,910,411
	64,485	*	Quidel Corp		18,215,078
	68,280		Resmed, Inc		13,827,383
	41,276	*	Staar Surgical Co		2,401,850
	27,192		STERIS plc		4,340,659
	17,725	*	Surgery Partners, Inc		270,661
	27,194	*,e	Tactile Systems Technology, Inc		1,114,410
	22,729	*	Tandem Diabetes Care, Inc		2,374,271
	4,038	*	Triple-S Management Corp (Class B)		78,580
	223,942		UnitedHealth Group, Inc		67,805,159
	31,883	*	Varian Medical Systems, Inc		4,550,342
	52,629	*	Vocera Communications, Inc		1,619,394
	37,317		West Pharmaceutical Services, Inc		10,033,422
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		372,667,195
HOUSEHOLD & PERSONAL PRODUCTS - 2.6%
	56,041		Clorox Co		13,254,257
	260,833		Colgate-Palmolive Co		20,136,308
	67,985		Estee Lauder Cos (Class A)		13,429,757
	54,856		Kimberly-Clark Corp		8,340,306
	579,363		Procter & Gamble Co		75,966,076
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		131,126,704
INSURANCE - 2.9%
	275,241		Aflac, Inc		9,790,322
	96,775		Allstate Corp		9,134,592
	63,527		Aon plc		13,037,011
	198,853		Chubb Ltd		25,302,056
	1,444	*	eHealth, Inc		99,838
	178,033		Loews Corp		6,482,182
	237,157		Marsh & McLennan Cos, Inc		27,652,506
	245,742		Progressive Corp		22,200,332
	268,139		Prudential Financial, Inc		16,991,968

65

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	128,444		Travelers Cos, Inc	$	14,696,563
	366		White Mountains Insurance Group Ltd		322,128
	12,115		Willis Towers Watson plc		2,544,271
			TOTAL INSURANCE		148,253,769
MATERIALS - 3.0%
	10,332		Aptargroup, Inc		1,190,246
	203,433		Ball Corp		14,978,772
	8,354	*	Berry Global Group, Inc		417,616
	78,491	*	Century Aluminum Co		683,657
	1,709		Compass Minerals International, Inc		87,056
	441,519		DuPont de Nemours, Inc		23,612,436
	140,693		Ecolab, Inc		26,320,846
	945		H.B. Fuller Co		42,846
	13,047		International Flavors & Fragrances, Inc		1,643,270
	188,319		Linde plc		46,158,870
	121,472		Mosaic Co		1,636,228
	360,709		Newmont Goldcorp Corp		24,961,063
	127,761		Nucor Corp		5,359,574
	19,087		PPG Industries, Inc		2,054,716
	2,337		Reliance Steel & Aluminum Co		229,634
	4,126		Schnitzer Steel Industries, Inc (Class A)		75,918
	145,000	*	Summit Materials, Inc		2,134,400
	21,681		Trinseo S.A.		470,478
	26,495	*	US Concrete, Inc		657,606
			TOTAL MATERIALS		152,715,232
MEDIA & ENTERTAINMENT - 7.7%
	433,245		Activision Blizzard, Inc		35,799,034
	55,721	*	Alphabet, Inc (Class A)		82,910,062
	55,116	*	Alphabet, Inc (Class C)		81,734,823
	2,390		Cable One, Inc		4,355,918
	3,219	*	Cardlytics, Inc		213,806
	183,270		Cinemark Holdings, Inc		2,168,084
	1,305,645		Comcast Corp (Class A)		55,881,606
	269,201	*,e	Discovery, Inc (Class A)		5,680,141
	380,411	*	Discovery, Inc (Class C)		7,208,789
	129,560	*	Electronic Arts, Inc		18,348,287
	66,194	*	Gray Television, Inc		949,222
	103,389	*,e	iHeartMedia, Inc		864,332
	84,829	*	Imax Corp		957,720
	48,734		John Wiley & Sons, Inc (Class A)		1,648,671
	170,308	*	Liberty Broadband Corp (Class C)		23,378,179
	21,183		Loral Space & Communications, Inc		384,895
	17,298	*	Madison Square Garden Co		2,658,530
	58,591		New York Times Co (Class A)		2,703,389
	200,000		Nuveen ESG Large-Cap ETF		6,115,900
	294,588		Omnicom Group, Inc		15,828,213
	38,431		Scholastic Corp		919,654
	91,589	e	Sinclair Broadcast Group, Inc (Class A)		1,886,733
	1,457,705		Sirius XM Holdings, Inc		8,571,305
	70,375	*	Take-Two Interactive Software, Inc		11,542,908
	8,077		TEGNA, Inc		95,147
	179,898		TripAdvisor, Inc		3,639,337

66

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	39,121	e	World Wrestling Entertainment, Inc (Class A)	$	1,823,430
	1,539,472	*	Zynga, Inc		15,133,010
			TOTAL MEDIA & ENTERTAINMENT		393,401,125
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.1%
	387,840		AbbVie, Inc		36,809,894
	54,132	*	Acadia Pharmaceuticals, Inc		2,250,267
	40,357	*,e	Accelerate Diagnostics, Inc		586,387
	72,985	*	Aerie Pharmaceuticals, Inc		843,707
	150,551		Agilent Technologies, Inc		14,502,578
	46,854	*	Agios Pharmaceuticals, Inc		2,123,423
	4,706	*	Akcea Therapeutics, Inc		51,013
	180,747		Amgen, Inc		44,223,368
	41,565	*,e	AnaptysBio, Inc		746,507
	39,118	*	Assembly Biosciences, Inc		868,420
	68,699	*	Atara Biotherapeutics, Inc		851,181
	7,618	*	Avrobio, Inc		129,125
	2,503	*	Axsome Therapeutics, Inc		178,539
	253,324	*	BioCryst Pharmaceuticals, Inc		1,031,029
	59,313	*	Biogen, Inc		16,292,688
	47,040	*	BioMarin Pharmaceutical, Inc		5,635,862
	112,290	*	Bluebird Bio, Inc		6,816,003
	694,911		Bristol-Myers Squibb Co		40,763,479
	54,314	*	Collegium Pharmaceutical, Inc		857,075
	263,904		Eli Lilly & Co		39,662,132
	4,990	*,e	Esperion Thereapeutics, Inc		187,774
	34,362	*,e	Flexion Therapeutics, Inc		466,292
	369,794		Gilead Sciences, Inc		25,711,777
	32,627	*	Halozyme Therapeutics, Inc		887,128
	14,817	*	Horizon Therapeutics Plc		906,652
	33,007	*	Immunomedics, Inc		1,393,886
	32,728	*	Insmed, Inc		854,855
	18,561	*	Intersect ENT, Inc		319,064
	91,116	*	Intra-Cellular Therapies, Inc		1,806,375
	56,297	*	IQVIA Holdings, Inc		8,916,882
	27,862	*	Jazz Pharmaceuticals plc		3,016,062
	67,163	*	Karyopharm Therapeutics, Inc		1,077,966
	81,017	*	MacroGenics, Inc		2,057,832
	688,678		Merck & Co, Inc		55,259,523
	5,838	*	Mettler-Toledo International, Inc		5,458,530
	2,895	*	Mirati Therapeutics, Inc		351,192
	1,816	*	MyoKardia, Inc		163,676
	655,409	*,e	Opko Health, Inc		3,375,356
	42,303		Perrigo Co plc		2,242,905
	66,120	*	Prothena Corp plc		809,309
	14,849	*	Repligen Corp		2,240,863
	74,418	*,e	Revance Therapeutics, Inc		1,747,335
	5,837	*	Sage Therapeutics, Inc		265,992
	87,463	*	Sangamo Therapeutics Inc		947,224
	382,901	*,e	TherapeuticsMD, Inc		708,367
	5,640	*	Tricida, Inc		75,463
	28,275	*	Ultragenyx Pharmaceutical, Inc		2,209,974
	129,942	*	Vertex Pharmaceuticals, Inc		35,344,224
	18,425	*	Waters Corp		3,927,289

67

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	47,090	*,e	ZIOPHARM Oncology, Inc	$	139,857
	230,091		Zoetis, Inc		34,900,203
	14,602	*	Zogenix, Inc		347,382
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		413,339,886
REAL ESTATE - 3.6%
	48,860		Alexandria Real Estate Equities, Inc		8,675,093
	159,263		American Tower Corp		41,629,756
	5,584		Americold Realty Trust		225,314
	72,632		Boston Properties, Inc		6,470,785
	27,618		CatchMark Timber Trust, Inc		269,552
	79,390	*	CBRE Group, Inc		3,478,076
	7,957		Coresite Realty		1,026,851
	23,373		Cousins Properties, Inc		718,018
	31,197		CyrusOne, Inc		2,602,454
	236,461		DiamondRock Hospitality Co		1,092,450
	8,358		Douglas Emmett, Inc		243,552
	19,598		Easterly Government Properties, Inc		479,171
	36,148		Equinix, Inc		28,393,531
	33,420		First Industrial Realty Trust, Inc		1,467,806
	52,368		Franklin Street Properties Corp		274,932
	204,267		Healthpeak Properties Inc		5,574,446
	154,979		Host Hotels and Resorts, Inc		1,670,674
	32,022	*	Howard Hughes Corp		1,703,250
	24,076		Hudson Pacific Properties		567,471
	5,945		Jones Lang LaSalle, Inc		588,020
	4,739		Kilroy Realty Corp		276,141
	88,542		Kimco Realty Corp		987,243
	243,312		Macerich Co		1,856,471
	4,166		Paramount Group, Inc		29,704
	412,858		Park Hotels & Resorts, Inc		3,414,336
	540		Piedmont Office Realty Trust, Inc		8,753
	349,941		Prologis, Inc		36,890,780
	4,690		QTS Realty Trust, Inc		337,445
	24,711	e	Realogy Holdings Corp		223,882
	15,022		Regency Centers Corp		616,353
	2,009		RMR Group, Inc		57,779
	45,979		SBA Communications Corp		14,324,298
	30,349		UDR, Inc		1,098,634
	37,767		Ventas, Inc		1,448,742
	297		Washington REIT		6,641
	177,561		Welltower, Inc		9,510,167
	238,457		Weyerhaeuser Co		6,631,489
			TOTAL REAL ESTATE		184,870,060
RETAILING - 6.0%
	42,656	*	1-800-FLOWERS.COM, Inc (Class A)		1,205,032
	2,432		Aaron’s, Inc		126,902
	24,346		Advance Auto Parts, Inc		3,655,308
	191,931	*	BJ’s Wholesale Club Holdings, Inc		7,686,837
	21,178	*	Booking Holdings, Inc		35,200,589
	250		Buckle, Inc		4,007
	1,601	*	CarMax, Inc		155,249
	559,302		eBay, Inc		30,918,215
	204,842	*	Etsy, Inc		24,249,196

68

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	234,370		Expedia Group Inc	$	18,986,314
	6,360	*	Five Below, Inc		692,668
	112,613	*,e	GameStop Corp (Class A)		451,578
	20,838		Gap, Inc		278,604
	24,775	*	Genesco, Inc		385,251
	38,843	*	Groupon, Inc		596,240
	29,239	*	Hibbett Sports, Inc		678,052
	250,264		Home Depot, Inc		66,442,589
	17,745	*	Lands’ End, Inc		152,962
	77,025	*	LKQ Corp		2,171,335
	212,649		Lowe’s Companies, Inc		31,665,563
	424,516	e	Macy’s, Inc		2,572,567
	35,671	*	MarineMax, Inc		989,513
	397		Pool Corp		125,730
	147,288	*	Quotient Technology, Inc		1,179,777
	106,917	*	RealReal, Inc		1,458,348
	41,198		Ross Stores, Inc		3,694,225
	5,448	*	Sally Beauty Holdings, Inc		63,251
	16,066	e	Shoe Carnival, Inc		394,420
	201,938		Target Corp		25,419,955
	25,364		Tiffany & Co		3,179,631
	289,907		TJX Companies, Inc		15,072,265
	15,754		Tractor Supply Co		2,248,726
	17,401	*	Ulta Beauty, Inc		3,358,219
	85,898	*,e	Wayfair, Inc		22,856,599
	2,448		Williams-Sonoma, Inc		213,270
	860		Winmark Corp		136,723
	18,394	*	Zumiez, Inc		424,901
			TOTAL RETAILING		309,090,611
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.0%
	331,966		Applied Materials, Inc		21,355,373
	22,180	*	Cirrus Logic, Inc		1,519,995
	10,643	*	Cree, Inc		733,516
	59,967	*,e	First Solar, Inc		3,571,035
	1,181,956		Intel Corp		56,414,760
	29,668		Lam Research Corp		11,189,583
	7,702		NVE Corp		417,756
	153,563		NVIDIA Corp		65,201,314
	18,585	*	Silicon Laboratories, Inc		1,867,978
	329,507		Texas Instruments, Inc		42,028,618
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		204,299,928
SOFTWARE & SERVICES - 13.7%
	211,523		Accenture plc		47,546,140
	132,894	*	Adobe, Inc		59,047,462
	21,767	*	Aspen Technology, Inc		2,117,058
	118,133	*	Autodesk, Inc		27,930,185
	164,729	*	Avaya Holdings Corp		2,085,469
	50,952	*	Benefitfocus, Inc		596,648
	12,432		Blackbaud, Inc		777,497
	86,552	*	Blackline, Inc		7,695,338
	133,543	*	Cadence Design Systems, Inc		14,589,573
	48,039	*	Ceridian HCM Holding, Inc		3,760,973
	13,209	*	ChannelAdvisor Corp		269,067

69

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	296,557	*	Conduent, Inc	$	566,424
	55,469		CSG Systems International, Inc		2,336,909
	437,308		DXC Technology Co		7,832,186
	38,717	*	Elastic NV		3,724,188
	57,024	*	ExlService Holdings, Inc		3,652,957
	107,101	*	Five9, Inc		12,939,943
	21,910	*	HubSpot, Inc		5,140,305
	334,187		International Business Machines Corp		41,084,950
	113,870		Intuit, Inc		34,886,352
	216,899	*,e	Limelight Networks, Inc		1,359,957
	17,107	*,e	Liveperson, Inc		735,259
	83,470		LogMeIn, Inc		7,162,561
	1,307,096	d	Microsoft Corp		267,967,751
	87,517	*	New Relic, Inc		6,205,831
	123,295	*	Nutanix, Inc		2,735,916
	5,290	*	OneSpan, Inc		164,731
	27,817	*	Paylocity Holding Corp		3,705,224
	54,901	*	Perficient, Inc		2,152,668
	21,141	*	Qualys, Inc		2,610,491
	28,640	*	Rapid7, Inc		1,706,085
	16,894	*	Rosetta Stone, Inc		452,252
	475,652		Sabre Corp		3,595,929
	267,820	*	salesforce.com, Inc		52,184,727
	100,455		Science Applications International Corp		8,034,391
	34,748	*	Smartsheet, Inc		1,658,870
	61,226	*	SPS Commerce, Inc		4,602,358
	110,299	*	SVMK, Inc		2,644,970
	67,259	*	Sykes Enterprises, Inc		1,846,932
	192,600	*	Teradata Corp		4,044,600
	29,975		TTEC Holdings, Inc		1,422,614
	47,472	*	Virtusa Corp		1,927,363
	134,149	*,e	VMware, Inc (Class A)		18,809,031
	74,003	*	WEX, Inc		11,719,855
	9,332	*	Workiva, Inc		521,659
	137,970	*	Zendesk, Inc		12,575,966
			TOTAL SOFTWARE & SERVICES		701,127,615
TECHNOLOGY HARDWARE & EQUIPMENT - 7.9%
	711,920		Apple, Inc		302,594,477
	1,070		Belden CDT, Inc		33,812
	3,739		Benchmark Electronics, Inc		76,126
	131,980	*	Ciena Corp		7,854,130
	1,168,105		Cisco Systems, Inc		55,017,745
	2,876		Cognex Corp		192,318
	34,326		CTS Corp		681,714
	64,924		Dolby Laboratories, Inc (Class A)		4,518,710
	1,447	*	Fabrinet		105,096
	1,520,006		Hewlett Packard Enterprise Co		15,002,459
	171,708		HP, Inc		3,018,627
	11,733	*	Insight Enterprises, Inc		584,773
	182		InterDigital, Inc		10,924
	3,493	*	Itron, Inc		242,973
	50,404	*	Keysight Technologies, Inc		5,034,856
	17,293	*	Kimball Electronics, Inc		229,651
	14,814	*	Lumentum Holdings, Inc		1,375,184

70

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY	VALUE
	6,814		Methode Electronics, Inc	$	192,155
	3,344	*	Novanta, Inc		346,706
	500	*	OSI Systems, Inc		35,480
	55,453	*	Ribbon Communications, Inc		243,993
	11,038	*	Rogers Corp		1,315,619
	27,122		Synnex Corp		3,383,198
	38,152	*	Trimble Inc		1,698,145
	46,715	*	TTM Technologies, Inc		575,062
	73,134		Vishay Intertechnology, Inc		1,147,472
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		405,511,405
TELECOMMUNICATION SERVICES - 1.3%
	72,710	*	Boingo Wireless, Inc		1,050,660
	167,393	*	Iridium Communications, Inc		4,584,894
	1,073,728		Verizon Communications, Inc		61,717,885
			TOTAL TELECOMMUNICATION SERVICES		67,353,439
TRANSPORTATION - 2.3%
	43,563		ArcBest Corp		1,323,880
	26,629	*	Avis Budget Group, Inc		689,691
	55,101		CH Robinson Worldwide, Inc		5,164,066
	382,556		CSX Corp		27,291,545
	775,300		Delta Air Lines, Inc		19,359,241
	45,853	*	Echo Global Logistics, Inc		1,149,305
	8		Expeditors International of Washington, Inc		676
	5,175		Kansas City Southern		889,324
	180		Landstar System, Inc		21,920
	113,436		Norfolk Southern Corp		21,803,533
	1,373		Old Dominion Freight Line		251,012
	9		Ryder System, Inc		330
	279,214		United Parcel Service, Inc (Class B)		39,860,591
			TOTAL TRANSPORTATION		117,805,114
UTILITIES - 3.1%
	276,600		American Electric Power Co, Inc		24,031,008
	31,187		American Water Works Co, Inc		4,592,910
	126,378		Centerpoint Energy, Inc		2,402,446
	10,650		CMS Energy Corp		683,517
	187,145		Consolidated Edison, Inc		14,378,350
	187,480		Dominion Energy, Inc		15,191,504
	19,802		DTE Energy Co		2,289,705
	134,706		Eversource Energy		12,132,969
	290		Ormat Technologies, Inc		17,255
	206,735		Public Service Enterprise Group, Inc		11,564,756
	163,123		Sempra Energy		20,302,289
	6,282		South Jersey Industries, Inc		146,559
	499,130		Southern Co		27,257,489
	30,558		UGI Corp		1,018,804
	112,385		WEC Energy Group, Inc		10,705,795
	180,121		Xcel Energy, Inc		12,435,554
			TOTAL UTILITIES		159,150,910
			TOTAL COMMON STOCKS		5,090,756,287
			(Cost $3,583,085,704)

71

TIAA-CREF FUNDS - Social Choice Equity Fund

SHARES			COMPANY					VALUE
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 - 1.7%
GOVERNMENT AGENCY DEBT - 0.1%
$	6,565,000		Federal Home Loan Bank (FHLB)		0.105	%	09/03/20		6,564,492
			TOTAL GOVERNMENT AGENCY DEBT						6,564,492
REPURCHASE AGREEMENT - 0.2%
	11,140,000	r	Fixed Income Clearing Corp (FICC)		0.080		08/03/20		11,140,000
			TOTAL REPURCHASE AGREEMENT						11,140,000
TREASURY DEBT - 0.6%
	14,555,000		United States Treasury Bill		0.081-0.109		08/04/20		14,554,970
	8,115,000		United States Treasury Bill		0.106		08/13/20		8,114,814
	6,840,000		United States Treasury Bill		0.093		09/03/20		6,839,455
			TOTAL TREASURY DEBT						29,509,239
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.8%
	41,712,723	c	State Street Navigator Securities Lending Government Money Market Portfolio						41,712,723
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						41,712,723
			TOTAL SHORT-TERM INVESTMENTS						88,926,454
			(Cost $88,926,115)
			TOTAL INVESTMENTS - 101.1%						5,179,682,741
			(Cost $3,672,011,819)
			OTHER ASSETS & LIABILITIES, NET - (1.1)%						(57,694,011	)
			NET ASSETS - 100.0%					$	5,121,988,730
			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 $44,084,430.
	r		Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $11,140,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $11,362,854.

Futures contracts outstanding as of July 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	142	09/18/20		$22,995,586		$23,170,850		$175,264

72

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

TIAA-CREF FUNDS

SOCIAL CHOICE LOW CARBON EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.7%
AUTOMOBILES & COMPONENTS - 1.1%
	3,153	*	Tenneco, Inc	$	23,364
	2,945	*	Tesla, Inc		4,213,588
			TOTAL AUTOMOBILES & COMPONENTS		4,236,952
BANKS - 2.4%
	1,105		Amalgamated Bank		12,763
	2,265		Berkshire Hills Bancorp, Inc		22,559
	3,941		Brookline Bancorp, Inc		37,814
	1,000		Bryn Mawr Bank Corp		26,040
	339		Camden National Corp		10,743
	30,375		Citizens Financial Group, Inc		753,604
	3,253		Comerica, Inc		125,306
	497	*	Customers Bancorp, Inc		5,889
	944	*	Equity Bancshares, Inc		13,348
	129		Federal Agricultural Mortgage Corp (Class C)		7,677
	119		First Commonwealth Financial Corp		937
	5,530		First Republic Bank		622,014
	2,367		Great Western Bancorp, Inc		30,771
	2,418		Hanmi Financial Corp		22,318
	414		HomeStreet, Inc		10,946
	1,285		HomeTrust Bancshares, Inc		18,530
	16,834		Huntington Bancshares, Inc		156,051
	11,424		Investors Bancorp, Inc		92,763
	3,981		Kearny Financial Corp		32,007
	1,103		Keycorp		13,247
	262		Live Oak Bancshares, Inc		4,457
	9,075		M&T Bank Corp		961,496
	940		MGIC Investment Corp		7,774
	1,482		National Bank Holdings Corp		41,170
	22,902		New York Community Bancorp, Inc		241,158
	2,194		Northfield Bancorp, Inc		21,084
	21,947		PNC Financial Services Group, Inc		2,341,087
	1,527		Premier Financial Corp		26,997
	22,455		Regions Financial Corp		243,861
	2,387	*	SVB Financial Group		535,332
	6,131	*	Texas Capital Bancshares, Inc		203,672
	356	*	Tristate Capital Holdings, Inc		4,717
	63,675		Truist Financial Corp		2,385,266
	1,445		Univest Financial Corp		22,094
	3,256		WesBanco, Inc		64,566
	2,417		Zions Bancorporation		78,480
			TOTAL BANKS		9,198,538
CAPITAL GOODS - 5.9%
	18,275		3M Co		2,749,839
	1,858	*	Astronics Corp		16,165

73

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	7,810	*	Axon Enterprise, Inc	$	649,245
	10,310	*	Bloom Energy Corp		125,370
	430		Carlisle Cos, Inc		51,204
	19,075		Caterpillar, Inc		2,534,686
	5,059		Curtiss-Wright Corp		450,858
	8,114		Deere & Co		1,430,579
	20,554		Eaton Corp		1,914,194
	271		EMCOR Group, Inc		18,564
	28,654		Fastenal Co		1,347,884
	18,048		Fortive Corp		1,266,789
	2,190		Granite Construction, Inc		37,142
	10,161		Hexcel Corp		379,005
	9,391		Illinois Tool Works, Inc		1,737,241
	32,510		Johnson Controls International plc		1,250,985
	6,656	*	Mercury Systems, Inc		515,374
	1,616		Moog, Inc (Class A)		86,812
	3,920		Owens Corning, Inc		237,042
	3,982		Parker-Hannifin Corp		712,460
	18,517	*,e	Plug Power, Inc		142,766
	5,962		Quanta Services, Inc		238,301
	1,675		Raven Industries, Inc		36,197
	1,214		Rockwell Automation, Inc		264,822
	2,252		Roper Technologies Inc		973,877
	1,574		Stanley Black & Decker, Inc		241,326
	7,712	*	Sunrun, Inc		282,953
	4,420	*	Teledyne Technologies, Inc		1,355,614
	2,387		Trane Technologies plc		267,034
	1,593	*	United Rentals, Inc		247,504
	1,388	*	Vectrus, Inc		61,058
	537		W.W. Grainger, Inc		183,402
	143	*	WESCO International, Inc		5,558
	3,439		Woodward Inc		257,719
	1,778		Xylem, Inc		129,759
			TOTAL CAPITAL GOODS		22,199,328
COMMERCIAL & PROFESSIONAL SERVICES - 1.5%
	3,756		Cintas Corp		1,133,824
	22,914	*	Copart, Inc		2,136,731
	1,243		Heidrick & Struggles International, Inc		25,146
	278		ICF International, Inc		18,796
	15,579		IHS Markit Ltd		1,257,693
	162		Insperity, Inc		10,831
	1,664		Kelly Services, Inc (Class A)		24,644
	7		Kforce, Inc		202
	876		Kimball International, Inc (Class B)		9,583
	28,155		Nielsen NV		406,277
	728		Resources Connection, Inc		8,226
	418	*	SP Plus Corp		6,642
	5,558		TransUnion		497,830
	1,943	*	TrueBlue, Inc		29,980
	393		Verisk Analytics, Inc		74,163
	2,446		Viad Corp		35,369
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		5,675,937

74

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
CONSUMER DURABLES & APPAREL - 1.7%
	702		Garmin Ltd	$	69,210
	5		Hasbro, Inc		364
	1,724	*,e	iRobot Corp		125,318
	2,061		Lennar Corp (Class A)		149,113
	5,637	*	Lululemon Athletica, Inc		1,835,351
	670	*	Mattel, Inc		7,444
	33,009		Nike, Inc (Class B)		3,222,008
	118	*	NVR, Inc		463,758
	9,623	*	Sonos, Inc		153,968
	4,203		VF Corp		253,693
			TOTAL CONSUMER DURABLES & APPAREL		6,280,227
CONSUMER SERVICES - 2.8%
	3,091	*	Bright Horizons Family Solutions		331,479
	1,115		Carriage Services, Inc		24,653
	7,646		Darden Restaurants, Inc		580,331
	5,630	e	Dave & Buster’s Entertainment, Inc		69,474
	2,879		Domino’s Pizza, Inc		1,113,050
	1,397	*	El Pollo Loco Holdings, Inc		27,605
	128	*	frontdoor, Inc		5,375
	212		Graham Holdings Co		84,454
	26,860		Hilton Worldwide Holdings, Inc		2,015,843
	1,841	*	Regis Corp		14,139
	21,585		Royal Caribbean Cruises Ltd		1,051,405
	1,399		Service Corp International		60,661
	8,519	*	ServiceMaster Global Holdings, Inc		348,342
	4,968		Six Flags Entertainment Corp		86,394
	37,373		Starbucks Corp		2,860,156
	2,511		Vail Resorts, Inc		482,187
	191	*	WW International Inc		4,924
	14,850		Yum! Brands, Inc		1,352,093
			TOTAL CONSUMER SERVICES		10,512,565
DIVERSIFIED FINANCIALS - 5.9%
	26,572		American Express Co		2,479,699
	37,168		Bank of New York Mellon Corp		1,332,473
	4,833		BlackRock, Inc		2,779,023
	47,981		Charles Schwab Corp		1,590,570
	14,513		CME Group, Inc		2,411,770
	21,600		Discover Financial Services		1,067,688
	25,724		Intercontinental Exchange Group, Inc		2,489,569
	3,991		Legg Mason, Inc		199,510
	5,572		Moody’s Corp		1,567,404
	49,071		Morgan Stanley		2,398,591
	544	*,†	NewStar Financial, Inc		131
	1,455		Northern Trust Corp		113,999
	14,414		Redwood Trust, Inc		102,772
	7,863		S&P Global, Inc		2,754,016
	11,874		State Street Corp		757,442
	1,591		T Rowe Price Group, Inc		219,717
			TOTAL DIVERSIFIED FINANCIALS		22,264,374
ENERGY - 1.7%
	34,959		Antero Midstream Corp		198,218
	14,920		Archrock, Inc		99,367
	82,824		Baker Hughes Co		1,282,944
	5,452		Cactus, Inc		123,324

75

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	21,764	*	ChampionX Corp	$	206,976
	29,193	*	Cheniere Energy, Inc		1,444,470
	16,479	*	Clean Energy Fuels Corp		39,220
	8,569		Delek US Holdings, Inc		149,786
	1,475		DMC Global, Inc		43,335
	4,191	*	Dril-Quip, Inc		139,518
	20,395		Equitrans Midstream Corp		196,812
	18,779	*	Frank’s International NV		42,816
	16,682	*	Helix Energy Solutions Group, Inc		69,898
	8,001		Liberty Oilfield Services, Inc		45,206
	1,677	*	Matrix Service Co		14,682
	49,597		National Oilwell Varco, Inc		570,861
	11,825	*	Oceaneering International, Inc		66,456
	56,094		ONEOK, Inc		1,565,584
	4,633	*	Renewable Energy Group, Inc		127,778
	4,726	*	Select Energy Services, Inc		20,983
	7,224		World Fuel Services Corp		169,981
			TOTAL ENERGY		6,618,215
FOOD & STAPLES RETAILING - 0.3%
	1,926	*	Chefs’ Warehouse Holdings, Inc		22,207
	6,406	*	Performance Food Group Co		179,496
	2,228		SpartanNash Co		46,844
	11,765	*	Sprouts Farmers Market, Inc		310,361
	6,704	*	United Natural Foods, Inc		133,074
	24,573	*	US Foods Holding Corp		498,832
	589		Weis Markets, Inc		29,344
			TOTAL FOOD & STAPLES RETAILING		1,220,158
FOOD, BEVERAGE & TOBACCO - 3.6%
	6,500	*	Beyond Meat, Inc		818,350
	83,017		Coca-Cola Co		3,921,723
	1,258	*	Darling International, Inc		35,136
	1,236		Fresh Del Monte Produce, Inc		27,909
	34,501		General Mills, Inc		2,182,878
	87	*	Hain Celestial Group, Inc		2,956
	24,050		Hormel Foods Corp		1,223,183
	6,455		Kellogg Co		445,330
	4,824		McCormick & Co, Inc		940,198
	29,453		PepsiCo, Inc		4,054,500
			TOTAL FOOD, BEVERAGE & TOBACCO		13,652,163
HEALTH CARE EQUIPMENT & SERVICES - 7.5%
	2,773	*	Abiomed, Inc		831,734
	126	*	Acadia Healthcare Co, Inc		3,756
	7,013	*	Align Technology, Inc		2,060,560
	8,131	*	Allscripts Healthcare Solutions, Inc		73,179
	43	*	AMN Healthcare Services, Inc		2,362
	2,779	*	Angiodynamics, Inc		22,954
	9,859	*	Antares Pharma, Inc		25,732
	22,631	*	Brookdale Senior Living, Inc		62,688
	22,079		Cerner Corp		1,533,387
	10,266	*	Cerus Corp		73,197
	13,485		Cigna Corp		2,328,725
	711		Computer Programs & Systems, Inc		17,547
	2,215		Cooper Cos, Inc		626,690

76

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	41,530		CVS Health Corp	$	2,613,898
	15,250		Dentsply Sirona, Inc		680,150
	30,285	*	Edwards Lifesciences Corp		2,374,647
	295		Encompass Health Corp		20,084
	9,467	*	Envista Holdings Corp		207,043
	8,210	*	GenMark Diagnostics, Inc		146,631
	517	*	Guardant Health, Inc		44,038
	4,734		HCA Healthcare, Inc		599,514
	3,910	*,e	Health Catalyst, Inc		136,459
	1,150		Hill-Rom Holdings, Inc		111,803
	6,341	*	Hologic, Inc		442,475
	2,544		Humana, Inc		998,393
	5,917	*	IDEXX Laboratories, Inc		2,353,487
	90	*	Integer Holding Corp		5,919
	62	*	LivaNova plc		2,885
	2,340	*	NextGen Healthcare, Inc		34,211
	5,147	*	Omnicell, Inc		361,783
	4,963	*	OraSure Technologies, Inc		90,078
	1,385	*	Orthofix Medical Inc		42,533
	69	*	Penumbra, Inc		15,312
	4,688	*	Quidel Corp		1,324,219
	7,333	*,e	Quotient Ltd		57,491
	586	*	RadNet, Inc		9,312
	6,489		Resmed, Inc		1,314,087
	2,949	*	Staar Surgical Co		171,602
	315	*	Surgery Partners, Inc		4,810
	368	*,e	Tactile Systems Technology, Inc		15,081
	1,379	*	Tandem Diabetes Care, Inc		144,050
	272	*,e	Tivity Health, Inc		3,569
	577	*	Triple-S Management Corp (Class B)		11,228
	16,971		UnitedHealth Group, Inc		5,138,479
	2,785	*	Varian Medical Systems, Inc		397,475
	3,852	*	Vocera Communications, Inc		118,526
	2,225		West Pharmaceutical Services, Inc		598,236
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		28,252,019
HOUSEHOLD & PERSONAL PRODUCTS - 2.7%
	243		Clorox Co		57,472
	26,286		Colgate-Palmolive Co		2,029,279
	12,182		Estee Lauder Cos (Class A)		2,406,432
	1,875		Kimberly-Clark Corp		285,075
	42,666		Procter & Gamble Co		5,594,366
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		10,372,624
INSURANCE - 3.1%
	5,770		Aflac, Inc		205,239
	5,460		Allstate Corp		515,369
	5,240		Aon plc		1,075,353
	19,126		Chubb Ltd		2,433,592
	29,749		Loews Corp		1,083,161
	19,808		Marsh & McLennan Cos, Inc		2,309,613
	6,495		ProAssurance Corp		95,477
	9,518		Progressive Corp		859,856
	24,771		Prudential Financial, Inc		1,569,738
	10,986		Travelers Cos, Inc		1,257,018
	156		White Mountains Insurance Group Ltd		137,300

77

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	300		Willis Towers Watson plc	$	63,003
			TOTAL INSURANCE		11,604,719
MATERIALS - 2.9%
	21,291		Ball Corp		1,567,656
	81		Compass Minerals International, Inc		4,126
	12,308		Ecolab, Inc		2,302,581
	1,497		International Flavors & Fragrances, Inc		188,547
	13,568		Linde plc		3,325,652
	41,395		Mosaic Co		557,591
	898		Myers Industries, Inc		13,524
	36,345		Newmont Goldcorp Corp		2,515,074
	3,321		PPG Industries, Inc		357,506
	955		Reliance Steel & Aluminum Co		93,838
	1,689		Schnitzer Steel Industries, Inc (Class A)		31,078
	4,276		Trinseo S.A.		92,789
	1,227	*	US Concrete, Inc		30,454
			TOTAL MATERIALS		11,080,416
MEDIA & ENTERTAINMENT - 7.3%
	29,337		Activision Blizzard, Inc		2,424,116
	4,110	*	Alphabet, Inc (Class A)		6,115,475
	4,065	*	Alphabet, Inc (Class C)		6,028,232
	336		Cable One, Inc		612,380
	12,955		Cinemark Holdings, Inc		153,258
	94,526		Comcast Corp (Class A)		4,045,713
	19,024	*,e	Discovery, Inc (Class A)		401,406
	17,717	*	Discovery, Inc (Class C)		335,737
	15,377	*	Electronic Arts, Inc		2,177,691
	768	*	Hemisphere Media Group, Inc		6,758
	7,254	*	iHeartMedia, Inc		60,643
	5,996	*	Imax Corp		67,695
	764		John Wiley & Sons, Inc (Class A)		25,846
	9,113	*	Liberty Broadband Corp (Class C)		1,250,942
	980		Loral Space & Communications, Inc		17,807
	2,286	*	Madison Square Garden Co		351,335
	10,118		New York Times Co (Class A)		466,845
	14,535		Omnicom Group, Inc		780,966
	2,171		Scholastic Corp		51,952
	3,827	e	Sinclair Broadcast Group, Inc (Class A)		78,836
	148,751		Sirius XM Holdings, Inc		874,656
	4,753	*	Take-Two Interactive Software, Inc		779,587
	7,949		TEGNA, Inc		93,639
	12,253		TripAdvisor, Inc		247,878
	4,343		World Wrestling Entertainment, Inc (Class A)		202,427
			TOTAL MEDIA & ENTERTAINMENT		27,651,820
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.2%
	39,411		AbbVie, Inc		3,740,498
	3,696	*	Accelerate Diagnostics, Inc		53,703
	4,202	*	Aerie Pharmaceuticals, Inc		48,575
	1,340		Agilent Technologies, Inc		129,082
	5,162	*	Agios Pharmaceuticals, Inc		233,942
	14,221		Amgen, Inc		3,479,452
	1,705	*	Assembly Biosciences, Inc		37,851
	7,200	*	Atara Biotherapeutics, Inc		89,208

78

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	3,874	*	Avrobio, Inc	$	65,664
	18,693	*	BioCryst Pharmaceuticals, Inc		76,080
	5,322	*	Biogen, Inc		1,461,900
	1,272	*	BioMarin Pharmaceutical, Inc		152,398
	8,261	*	Bluebird Bio, Inc		501,443
	57,355		Bristol-Myers Squibb Co		3,364,444
	21,142		Eli Lilly & Co		3,177,431
	1,573	*,e	Esperion Thereapeutics, Inc		59,192
	2,615	*	Flexion Therapeutics, Inc		35,486
	39,729		Gilead Sciences, Inc		2,762,357
	4,157	*	Insmed, Inc		108,581
	3,298	*	Intersect ENT, Inc		56,693
	5,648	*	Intra-Cellular Therapies, Inc		111,972
	1,896	*	IQVIA Holdings, Inc		300,307
	8,497	*	Karyopharm Therapeutics, Inc		136,377
	5,337	*	MacroGenics, Inc		135,560
	52,521		Merck & Co, Inc		4,214,285
	38,388	*,e	Opko Health, Inc		197,698
	2,785	*	Prothena Corp plc		34,088
	5,509	*	Radius Health, Inc		69,138
	417	*	Reata Pharmaceuticals, Inc		61,591
	2,210	*	Revance Therapeutics, Inc		51,891
	6,238	*	Sage Therapeutics, Inc		284,266
	7,138	*	Sangamo Therapeutics Inc		77,305
	29,622	*,e	TherapeuticsMD, Inc		54,801
	2,551	*	Ultragenyx Pharmaceutical, Inc		199,386
	9,599	*	Vertex Pharmaceuticals, Inc		2,610,928
	183	*	Waters Corp		39,006
	17,954		Zoetis, Inc		2,723,263
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		30,935,842
REAL ESTATE - 4.1%
	2,875		Alexandria Real Estate Equities, Inc		510,456
	349		American Campus Communities, Inc		12,438
	11,986		American Tower Corp		3,133,020
	5,091		Boston Properties, Inc		453,557
	1,428	*	CBRE Group, Inc		62,561
	58,844		Colony Capital, Inc		112,980
	37		CyrusOne, Inc		3,087
	24,207		DiamondRock Hospitality Co		111,836
	3,504		Equinix, Inc		2,752,322
	3,115		Franklin Street Properties Corp		16,354
	4,263		Healthpeak Properties Inc		116,337
	35,593		Host Hotels and Resorts, Inc		383,693
	2,503	*	Howard Hughes Corp		133,135
	973		Hudson Pacific Properties		22,934
	6,811		Iron Mountain, Inc		192,002
	17,199		Macerich Co		131,228
	15,635		Paramount Group, Inc		111,478
	28,618		Park Hotels & Resorts, Inc		236,671
	26,234		Prologis, Inc		2,765,588
	1,297		Regency Centers Corp		53,216
	18,988		RLJ Lodging Trust		152,094
	7,378		SBA Communications Corp		2,298,542
	1,117		UDR, Inc		40,435
	3,285		Ventas, Inc		126,013

79

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	25,318		Welltower, Inc	$	1,356,032
	13,732		Xenia Hotels & Resorts, Inc		109,307
			TOTAL REAL ESTATE		15,397,316
RETAILING - 6.4%
	3,119	*	1-800-FLOWERS.COM, Inc (Class A)		88,112
	17,173	*	BJ’s Wholesale Club Holdings, Inc		687,779
	1,549	*	Booking Holdings, Inc		2,574,639
	41,382		eBay, Inc		2,287,597
	15,091	*	Etsy, Inc		1,786,473
	17,058		Expedia Group Inc		1,381,869
	6,931	*,e	GameStop Corp (Class A)		27,793
	2,786	*	Groupon, Inc		42,765
	703	*	Hibbett Sports, Inc		16,302
	19,436		Home Depot, Inc		5,160,064
	519	*	Lands’ End, Inc		4,474
	11	*	LKQ Corp		310
	21,208		Lowe’s Companies, Inc		3,158,083
	39,162	e	Macy’s, Inc		237,322
	10,411	*	Quotient Technology, Inc		83,392
	7,558	*	RealReal, Inc		103,091
	1,635		Signet Jewelers Ltd		17,560
	16,240		Target Corp		2,044,291
	2,757		Tiffany & Co		345,617
	35,913		TJX Companies, Inc		1,867,117
	8,304	*,e	Wayfair, Inc		2,209,611
	104		Winmark Corp		16,534
	309	*	Zumiez, Inc		7,138
			TOTAL RETAILING		24,147,933
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.3%
	39,649		Applied Materials, Inc		2,550,620
	67		Brooks Automation, Inc		3,648
	1,373	*	Cree, Inc		94,627
	10,487	*	First Solar, Inc		624,501
	87,495		Intel Corp		4,176,137
	2,227		Lam Research Corp		839,935
	360		NVE Corp		19,527
	11,253		NVIDIA Corp		4,777,911
	1,079	*	Silicon Laboratories, Inc		108,450
	24,614		Texas Instruments, Inc		3,139,516
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		16,334,872
SOFTWARE & SERVICES - 11.9%
	15,592		Accenture plc		3,504,770
	9,803	*	Adobe, Inc		4,355,669
	9,114	*	Autodesk, Inc		2,154,823
	845	*	Benefitfocus, Inc		9,895
	1,156	*	ChannelAdvisor Corp		23,548
	13,287	*	Conduent, Inc		25,378
	3,962		CSG Systems International, Inc		166,919
	30,912		DXC Technology Co		553,634
	3,754	*	ExlService Holdings, Inc		240,481
	24,973		International Business Machines Corp		3,070,181
	7,899		Intuit, Inc		2,420,017
	14,065	*	Limelight Networks, Inc		88,187

80

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY	VALUE
	5,912		LogMeIn, Inc	$	507,309
	95,791	d	Microsoft Corp		19,638,113
	6,139	*	New Relic, Inc		435,316
	3,674	*	Nutanix, Inc		81,526
	3,577	*	Perficient, Inc		140,254
	33,623		Sabre Corp		254,190
	19,553	*	salesforce.com, Inc		3,809,902
	7,072		Science Applications International Corp		565,618
	2,174	*	SPS Commerce, Inc		163,420
	5,395	*	SVMK, Inc		129,372
	4,281	*	Sykes Enterprises, Inc		117,556
	3,650	*	Teradata Corp		76,650
	1,948		TTEC Holdings, Inc		92,452
	3,213	*	Virtusa Corp		130,448
	9,518	*	VMware, Inc (Class A)		1,334,519
	5,279	*	WEX, Inc		836,035
			TOTAL SOFTWARE & SERVICES		44,926,182
TECHNOLOGY HARDWARE & EQUIPMENT - 7.9%
	52,451		Apple, Inc		22,293,773
	246		Badger Meter, Inc		15,399
	9,562	*	Ciena Corp		569,035
	88,694		Cisco Systems, Inc		4,177,487
	2,290		Dolby Laboratories, Inc (Class A)		159,384
	214	*	Fabrinet		15,543
	28,939	*	Fitbit, Inc		189,261
	130,822		Hewlett Packard Enterprise Co		1,291,213
	32,284		HP, Inc		567,553
	565	*	Insight Enterprises, Inc		28,159
	681	*	Keysight Technologies, Inc		68,025
	172	*	Lumentum Holdings, Inc		15,967
	600		Methode Electronics, Inc		16,920
	147	*	OSI Systems, Inc		10,431
	644	*	Ribbon Communications, Inc		2,834
	5,062		Synnex Corp		631,434
	1,602	*	TTM Technologies, Inc		19,721
	48		Vishay Intertechnology, Inc		753
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		30,072,892
TELECOMMUNICATION SERVICES - 1.3%
	5,309	*	Boingo Wireless, Inc		76,715
	7,938	*	Iridium Communications, Inc		217,422
	80,161		Verizon Communications, Inc		4,607,654
			TOTAL TELECOMMUNICATION SERVICES		4,901,791
TRANSPORTATION - 1.8%
	3,575	*	Avis Budget Group, Inc		92,593
	34,366		CSX Corp		2,451,670
	5,920		Kansas City Southern		1,017,352
	5,982		Macquarie Infrastructure Co LLC		179,221
	492		Old Dominion Freight Line		89,947
	2,512		Ryder System, Inc		92,015
	21,100		United Parcel Service, Inc (Class B)		3,012,236
			TOTAL TRANSPORTATION		6,935,034

81

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

SHARES			COMPANY					VALUE
UTILITIES - 2.4%
	12,599		American Water Works Co, Inc					$	1,855,455
	26,194		Consolidated Edison, Inc						2,012,485
	23,957		Eversource Energy						2,157,807
	1,853		Ormat Technologies, Inc						110,254
	14,956		Sempra Energy						1,861,424
	5,408		Southwest Gas Holdings Inc						376,613
	22,816		UGI Corp						760,685
			TOTAL UTILITIES						9,134,723
			TOTAL COMMON STOCKS						373,606,640
			(Cost $313,194,159)
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 - 3.7%
REPURCHASE AGREEMENT - 1.7%
$	6,525,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20		6,525,000
			TOTAL REPURCHASE AGREEMENT						6,525,000
TREASURY DEBT - 1.1%
	3,950,000		United States Treasury Bill		0.093		09/03/20		3,949,686
			TOTAL TREASURY DEBT						3,949,686
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.9%
	3,404,131	c	State Street Navigator Securities Lending Government Money Market Portfolio						3,404,131
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						3,404,131
			TOTAL SHORT-TERM INVESTMENTS						13,878,817
			(Cost $13,878,797)
			TOTAL INVESTMENTS - 102.4%						387,485,457
			(Cost $327,072,956)
			OTHER ASSETS & LIABILITIES, NET - (2.4)%						(8,996,678	)
			NET ASSETS - 100.0%					$	378,488,779
	*		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 $3,466,587.
	r		Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $6,525,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $6,655,572.

82

TIAA-CREF FUNDS - Social Choice Low Carbon Equity Fund

Futures contracts outstanding as of July 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	24	09/18/20		$3,890,418		$3,916,200		$25,782

83

TIAA-CREF FUNDS - Emerging Markets Equity Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 96.9%
BRAZIL - 11.4%
	894,850	*	Afya Ltd	$	23,400,327
	9,984,363		Arcos Dorados Holdings, Inc		46,427,288
	776,100	*	B2W Companhia Global Do Varejo		17,752,011
	2,558,950		Banco do Brasil S.A.		16,472,485
	6,211,400		Banco Itau Holding Financeira S.A.		32,018,201
	2,658,600		Cia Brasileira de Distribuicao		36,184,950
	12,240,000	*	Empresa Brasileira de Aeronautica S.A.		17,855,939
	4,147,600		Petroleo Brasileiro S.A. (Preference)		17,650,884
			TOTAL BRAZIL		207,762,085
CHINA - 33.8%
	709,054	*	Alibaba Group Holding Ltd (ADR)		177,986,735
	3,008,600	e	BYD Co Ltd (H shares)		28,346,069
	5,076,775		China Merchants Bank Co Ltd (Class A)		25,301,438
	22,809,900		China Unicom Ltd		12,687,462
	3,322,152		China Vanke Co Ltd (Class A)		12,767,611
	20,638,000	e	Chinasoft International Ltd		15,741,588
	14,758,000		CNOOC Ltd		15,577,072
	12,558,358		Foxconn Industrial Internet Co Ltd		26,337,510
	2,175,669		Gree Electric Appliances, Inc of Zhuhai		17,730,704
	2,537,971		Hangzhou Hikvision Digital Technology Co Ltd		13,456,189
	439,800	*	JD.com, Inc (ADR)		28,054,842
	6,514,894		Ping An Bank Co Ltd		12,441,881
	1,702,200		Ping An Insurance Group Co of China Ltd		17,960,289
	2,595,152		Ping An Insurance Group Co of China Ltd (Class A)		28,191,596
	1,934,976		Tencent Holdings Ltd		132,735,782
	997,100	*	Tencent Music Entertainment (ADR)		16,093,194
	751,200	*	Vipshop Holdings Ltd (ADR)		17,104,824
	814,400	*,g	Wuxi Biologics Cayman, Inc		16,812,345
			TOTAL CHINA		615,327,131
HONG KONG - 0.8%
	895,800		Melco Crown Entertainment Ltd (ADR)		14,744,868
	22,290	*,†	Mongolian Metals Corporation		0
			TOTAL HONG KONG		14,744,868
INDIA - 11.0%
	2,687,400		Bharat Petroleum Corp Ltd		14,827,519
	19,355,557	*	Edelweiss Capital Ltd		19,570,577
	79,700		Eicher Motors Ltd		21,948,725
	670,500		Housing Development Finance Corp		15,946,140
	1,229,900	*	ICICI Bank Ltd (ADR)		11,548,761
	872,224	*	MakeMyTrip Ltd		13,580,528
	1,876,600		Piramal Healthcare Ltd		36,868,022
	1,781,500		Reliance Industries Ltd		49,268,417
	12,567,600	*	Tata Motors Ltd		17,418,117
			TOTAL INDIA		200,976,806

84

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
INDONESIA - 3.4%
	63,297,900		Bank Rakyat Indonesia	$	13,749,263
	52,976,800		PT Astra International Tbk		18,661,794
	7,188,600		PT Bank Central Asia Tbk		15,397,779
	9,237,400		PT United Tractors Tbk		13,537,564
			TOTAL INDONESIA		61,346,400
ITALY - 1.9%
	8,843,171	e	Prada S.p.A		34,137,150
			TOTAL ITALY		34,137,150
KOREA, REPUBLIC OF - 9.7%
	173,600		Amorepacific Corp		24,259,973
	700,400		Hana Financial Group, Inc		17,380,573
	50,900		LG Chem Ltd		24,372,938
	197,200		Samsung Electro-Mechanics Co Ltd		23,329,055
	1,769,800		Samsung Electronics Co Ltd		86,496,922
			TOTAL KOREA, REPUBLIC OF		175,839,461
MACAU - 1.8%
	1,882,079		Galaxy Entertainment Group Ltd		12,835,286
	11,724,500		Wynn Macau Ltd		20,562,638
			TOTAL MACAU		33,397,924
MEXICO - 3.2%
	443,000		Fomento Economico Mexicano SAB de C.V. (ADR)		27,248,930
	3,822,600	*	Grupo Financiero Banorte S.A. de C.V.		13,723,916
	2,944,548	*	Grupo Televisa SAB (ADR)		16,460,023
			TOTAL MEXICO		57,432,869
PERU - 2.1%
	1,129,700		Cia de Minas Buenaventura S.A. (ADR) (Series B)		13,398,242
	198,400		Credicorp Ltd (NY)		25,230,528
			TOTAL PERU		38,628,770
PHILIPPINES - 0.1%
	19,341,200	*	Alliance Global Group, Inc		2,247,407
			TOTAL PHILIPPINES		2,247,407
RUSSIA - 1.6%
	441,300	*	Mail.Ru Group Ltd		11,672,385
	1,532,618	*	Sberbank of Russia (ADR)		18,268,807
			TOTAL RUSSIA		29,941,192
SAUDI ARABIA - 0.8%
	865,600		Al Rajhi Bank		13,604,164
			TOTAL SAUDI ARABIA		13,604,164
SOUTH AFRICA - 2.9%
	281,200		Capitec Bank Holdings Ltd		14,549,632
	6,420,000		FirstRand Ltd		14,621,933
	132,917		Naspers Ltd (N Shares)		24,184,411
			TOTAL SOUTH AFRICA		53,355,976

85

TIAA-CREF FUNDS - Emerging Markets Equity Fund

SHARES			COMPANY	VALUE
TAIWAN - 9.0%
	400		MediaTek, Inc	$	9,551
	241,800	*	Sea Ltd (ADR)		29,547,960
	7,251,400		Taiwan Semiconductor Manufacturing Co Ltd		105,533,957
	1,278,000		Win Semiconductors Corp		13,781,558
	1,072,000		Yageo Corp		14,234,771
			TOTAL TAIWAN		163,107,797
TANZANIA, UNITED REPUBLIC OF - 0.6%
	364,100		AngloGold Ashanti Ltd (ADR)		11,720,379
			TOTAL TANZANIA, UNITED REPUBLIC OF		11,720,379
THAILAND - 0.7%
	5,997,400		Siam Commercial Bank PCL (ADR)		12,928,720
			TOTAL THAILAND		12,928,720
TURKEY - 1.3%
	4,517,700		Anadolu Efes Biracilik Ve Malt Sanayii AS		12,514,066
	10,744,100	*	Turkiye Garanti Bankasi AS		10,799,809
			TOTAL TURKEY		23,313,875
UNITED STATES - 0.8%
	317,500		Las Vegas Sands Corp		13,855,700
			TOTAL UNITED STATES		13,855,700
			TOTAL COMMON STOCKS		1,763,668,674
			(Cost $1,471,989,966)
PREFERRED STOCKS - 0.0%
PHILIPPINES - 0.0%
	1,721,900	*,†	Ayala Land, Inc		3,504
			TOTAL PHILIPPINES		3,504
			TOTAL PREFERRED STOCKS		3,504
			(Cost $4,057)
RIGHTS / WARRANTS - 0.0%
BRAZIL - 0.0%
	51,447		B2W Cia Digital		69,036
			TOTAL BRAZIL		69,036
			TOTAL RIGHTS / WARRANTS		69,036
			(Cost $0)

86

TIAA-CREF FUNDS - Emerging Markets Equity Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 1.7%
REPURCHASE AGREEMENT - 1.3%
$	24,295,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20	$	24,295,000
			TOTAL REPURCHASE AGREEMENT						24,295,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.4%
	6,527,888	c	State Street Navigator Securities Lending Government Money Market Portfolio						6,527,888
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						6,527,888
			TOTAL SHORT-TERM INVESTMENTS						30,822,888
			(Cost $30,822,888)
			TOTAL INVESTMENTS - 98.6%						1,794,564,102
			(Cost $1,502,816,911)
			OTHER ASSETS & LIABILITIES, NET - 1.4%						26,257,945
			NET ASSETS - 100.0%					$	1,820,822,047
			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 $38,322,590.
	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 7/31/2020, the aggregate value of these securities is $16,812,345 or 0.9% of net assets.
	r		Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $24,295,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $24,780,976.

87

TIAA-CREF FUNDS - Emerging Markets Equity Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2020

SECTOR	VALUE		% OF NET ASSETS
CONSUMER DISCRETIONARY	$	548,732,018		30.1	%
FINANCIALS		349,706,491		19.2
INFORMATION TECHNOLOGY		298,990,138		16.4
COMMUNICATION SERVICES		219,196,805		12.1
ENERGY		110,861,456		6.1
CONSUMER STAPLES		100,207,919		5.5
HEALTH CARE		53,680,366		3.0
MATERIALS		49,491,559		2.7
INDUSTRIALS		20,103,347		1.1
REAL ESTATE		12,771,115		0.7
SHORT-TERM INVESTMENTS		30,822,888		1.7
OTHER ASSETS & LIABILITIES, NET		26,257,945		1.4
NET ASSETS	$	1,820,822,047		100.0	%

88

TIAA-CREF FUNDS - International Equity Fund

TIAA-CREF FUNDS

INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.2%
AUSTRALIA - 6.4%
	1,900,156		BHP Billiton Ltd	$	50,028,915
	646,122		Commonwealth Bank of Australia		32,871,356
	382,457		CSL Ltd		74,388,901
	5,594,860		Fortescue Metals Group Ltd		69,640,381
	4,692,046	*	NEXTDC Ltd		37,981,203
	351,328		Rio Tinto plc		21,386,102
			TOTAL AUSTRALIA		286,296,858
BRAZIL - 0.9%
	1,099,000		Cia Brasileira de Distribuicao		14,957,970
	3,571,400		Lojas Americanas S.A. (Preference)		23,345,840
			TOTAL BRAZIL		38,303,810
CHINA - 3.4%
	172,633	*	Alibaba Group Holding Ltd (ADR)		43,334,336
	618,178	*	GDS Holdings Ltd (ADR)		49,633,511
	462,340		Tencent Holdings Ltd		31,715,670
	1,298,000	*,g	Wuxi Biologics Cayman, Inc		26,795,707
			TOTAL CHINA		151,479,224
DENMARK - 4.3%
	620,319		DSV AS		84,881,641
	585,751		Novo Nordisk AS		38,432,628
	482,738	g	Orsted AS		68,802,211
			TOTAL DENMARK		192,116,480
FINLAND - 0.7%
	660,736		Neste Oil Oyj		30,348,620
			TOTAL FINLAND		30,348,620
FRANCE - 14.5%
	1,054,969		Airbus SE		77,219,505
	1,804,018		BNP Paribas S.A.		72,780,863
	1,669,403		Compagnie de Saint-Gobain		61,759,620
	5,016,332		Credit Agricole S.A.		48,285,980
	352,350		Dassault Systemes S.A.		64,160,625
	390,845		Essilor International S.A.		52,058,590
	98,139		Kering		55,614,007
	576,955		Sanofi-Aventis		60,578,606
	867,179		Schneider Electric S.A.		99,433,761
	637,966		Vinci S.A.		54,906,587
			TOTAL FRANCE		646,798,144

89

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY	VALUE
GERMANY - 11.7%
	136,102		Adidas-Salomon AG.	$	37,533,834
	277,489		BASF SE		15,307,975
	714,326		Bayer AG.		47,455,180
	632,508		Bayerische Motoren Werke AG.		40,449,172
	363,211		Heidelberg Cement AG.		20,156,544
	4,396,091		Infineon Technologies AG.		112,079,985
	597,728	*	Lanxess AG.		31,001,578
	787,747		RWE AG.		29,693,625
	317,522		SAP AG.		50,121,910
	1,087,293		Siemens AG.		138,560,261
			TOTAL GERMANY		522,360,064
HONG KONG - 2.5%
	2,387,524		Hong Kong Exchanges and Clearing Ltd		113,677,509
			TOTAL HONG KONG		113,677,509
IRELAND - 1.7%
	2,049,843		CRH plc		74,631,743
			TOTAL IRELAND		74,631,743
ITALY - 3.8%
	6,385,230		Enel S.p.A.		58,492,068
	1,251,242		Moncler S.p.A		48,375,340
	6,612,267		UniCredit S.p.A.		60,686,982
			TOTAL ITALY		167,554,390
JAPAN - 20.0%
	1,279,000		Daiichi Sankyo Co Ltd		113,174,306
	377,816		Daikin Industries Ltd		66,475,392
	2,329,979	*	Hitachi Ltd		69,792,281
	904,900		Kao Corp		65,645,051
	264,928		Nintendo Co Ltd		116,518,015
	2,784,600		ORIX Corp		30,115,757
	2,290,200		Recruit Holdings Co Ltd		71,444,711
	1,164,200	*	SBI Holdings, Inc		24,514,434
	2,126,659		Sony Corp		165,230,778
	1,860,800		Sumitomo Mitsui Financial Group, Inc		49,583,687
	637,900		Tokio Marine Holdings, Inc		26,935,298
	1,581,889		Toyota Motor Corp		93,907,159
			TOTAL JAPAN		893,336,869
KOREA, REPUBLIC OF - 0.8%
	77,233		LG Chem Ltd		36,982,222
			TOTAL KOREA, REPUBLIC OF		36,982,222
NETHERLANDS - 4.1%
	311,485		ASML Holding NV		110,744,638
	10,403,790		ING Groep NV		72,544,380
			TOTAL NETHERLANDS		183,289,018
RUSSIA - 1.1%
	1,414,117	*	Sberbank of Russia (ADR)		16,856,275
	598,437	*	Yandex NV		34,434,065
			TOTAL RUSSIA		51,290,340

90

TIAA-CREF FUNDS - International Equity Fund

SHARES			COMPANY					VALUE
SPAIN - 0.8%
	2,803,468		Iberdrola S.A.					$	36,235,626
	63,715	*	Iberdrola S.A.-Interim						823,537
			TOTAL SPAIN						37,059,163
SWITZERLAND - 9.0%
	5,989,711		Credit Suisse Group						63,875,914
	141,298		Lonza Group AG.						88,358,589
	764,756		Nestle S.A.						90,946,085
	441,809		Roche Holding AG.						153,023,417
	28,376	*	Zur Rose Group AG.						7,840,922
			TOTAL SWITZERLAND						404,044,927
TAIWAN - 1.6%
	880,255		Taiwan Semiconductor Manufacturing Co Ltd (ADR)						69,443,317
			TOTAL TAIWAN						69,443,317
UNITED KINGDOM - 10.4%
	1,337,317		Ashtead Group plc						42,585,216
	1,114,233		AstraZeneca plc						123,100,005
	1,840,952		British American Tobacco plc						60,840,357
	347,359		Linde plc (Xetra)						84,539,097
	23,004,777		Lloyds TSB Group plc						7,837,967
	734,946		Reckitt Benckiser Group plc						73,692,690
	25,723,905		Tesco plc						72,601,671
			TOTAL UNITED KINGDOM						465,197,003
UNITED STATES - 1.5%
	857,766		Las Vegas Sands Corp						37,432,908
	432,457		Wynn Resorts Ltd						31,322,861
			TOTAL UNITED STATES						68,755,769
			TOTAL COMMON STOCKS						4,432,965,470
			(Cost $4,129,445,558)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.9%
REPURCHASE AGREEMENT - 0.7%
$	29,775,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20		29,775,000
			TOTAL REPURCHASE AGREEMENT						29,775,000
TREASURY DEBT - 0.2%
	10,345,000		United States Treasury Bill		0.110		08/20/20		10,344,573
			TOTAL TREASURY DEBT						10,344,573
			TOTAL SHORT-TERM INVESTMENTS						40,119,573
			(Cost $40,119,402)
			TOTAL INVESTMENTS - 100.1%						4,473,085,043
			(Cost $4,169,564,960)
			OTHER ASSETS & LIABILITIES, NET - (0.1)%						(5,006,978	)
			NET ASSETS - 100.0%					$	4,468,078,065

91

TIAA-CREF FUNDS - International Equity Fund

	Abbreviation(s):
ADR	American Depositary Receipt
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 7/31/2020, the aggregate value of these securities is $95,597,918 or 2.1% of net assets.
r	Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $29,775,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $30,370,525.

92

TIAA-CREF FUNDS - International Equity Fund

TIAA-CREF FUNDS

INTERNATIONAL EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2020

				% OF
SECTOR	VALUE			NET ASSETS
HEALTH CARE	$	725,307,338			16.2	%
INDUSTRIALS		697,266,694			15.6
CONSUMER DISCRETIONARY		628,604,824			14.1
FINANCIALS		620,566,402			13.9
INFORMATION TECHNOLOGY		563,957,471			12.6
MATERIALS		403,674,557			9.0
CONSUMER STAPLES		386,524,746			8.7
UTILITIES		194,047,068			4.3
COMMUNICATION SERVICES		182,667,750			4.1
ENERGY		30,348,620			0.7
SHORT-TERM INVESTMENTS		40,119,573			0.9
OTHER ASSETS & LIABILITIES, NET		(5,006,978	)		(0.1	)
NET ASSETS	$	4,468,078,065			100.0	%

93

TIAA-CREF FUNDS - International Opportunities Fund

TIAA-CREF FUNDS

INTERNATIONAL OPPORTUNITIES FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 96.8%
AUSTRALIA - 4.9%
	416,196	*	Afterpay Touch Group Ltd	$	20,243,253
	119,100		CSL Ltd		23,165,266
	1,418,600		IDP Education Ltd		13,435,559
	1,529,800	*	NEXTDC Ltd		12,383,434
	1,188,200	*,e	PointsBet Holdings Ltd		5,049,401
	2,941,000	*,e	Zip Co Ltd		12,537,568
			TOTAL AUSTRALIA		86,814,481
BRAZIL - 7.2%
	302,369	*	Arco Platform Ltd		13,168,170
	1,359,300		Banco Inter S.A.		15,785,604
	2,081,700		Localiza Rent A Car		20,319,975
	1,217,500		Magazine Luiza S.A.		18,837,052
	497,157	*	Pagseguro Digital Ltd		19,006,312
	432,200	*	StoneCo Ltd		20,620,262
	393,800	*	XP, Inc		18,311,700
			TOTAL BRAZIL		126,049,075
CANADA - 6.7%
	897,032		Alimentation Couche Tard, Inc		31,174,616
	803,995		Dollarama, Inc		29,399,884
	656,400	*,e	Lightspeed POS, Inc		18,543,563
	293,200		Nutrien Ltd		9,548,236
	28,701	*	Shopify, Inc (Class A)		29,350,895
			TOTAL CANADA		118,017,194
CHINA - 6.9%
	256,400	*	GDS Holdings Ltd (ADR)		20,586,356
	267,600		Silergy Corp		16,053,461
	1,106,500		Sunny Optical Technology Group Co Ltd		20,779,061
	735,200		Tencent Holdings Ltd		50,433,363
	11,128,034	g	Topsports International Holdings Ltd		13,401,056
			TOTAL CHINA		121,253,297
DENMARK - 3.1%
	146,100		Carlsberg AS (Class B)		21,577,437
	510,300		Novo Nordisk AS		33,482,094
			TOTAL DENMARK		55,059,531
FRANCE - 5.0%
	171,602		Essilor International S.A.		22,856,524
	83,512		L’Oreal S.A.		28,028,956
	127,639		Teleperformance		37,355,502
			TOTAL FRANCE		88,240,982
GERMANY - 6.3%
	309,000		Bayer AG.		20,527,953
	81,100		Bechtle AG.		15,783,881

94

TIAA-CREF FUNDS - International Opportunities Fund

SHARES			COMPANY	VALUE
	161,482		Beiersdorf AG.	$	19,281,843
	118,700		Deutsche Boerse AG.		21,596,730
	300,700	*	HelloFresh SE		16,371,575
	309,393	*,g	TeamViewer AG.		16,673,573
			TOTAL GERMANY		110,235,555
HONG KONG - 0.9%
	946,100		Melco Crown Entertainment Ltd (ADR)		15,572,806
			TOTAL HONG KONG		15,572,806
INDONESIA - 1.1%
	85,976,300		Bank Rakyat Indonesia		18,675,355
			TOTAL INDONESIA		18,675,355
IRELAND - 4.5%
	491,610		CRH plc		17,898,791
	148,605	*	Flutter Entertainment plc		22,255,847
	757,886		Keywords Studios plc		18,869,223
	587,889		Smurfit Kappa Group plc		19,860,722
			TOTAL IRELAND		78,884,583
ITALY - 4.8%
	677,800		Amplifon S.p.A.		23,203,726
	2,208,500		Davide Campari-Milano NV		22,295,625
	119,600		Ferrari NV		21,386,232
	451,089		Moncler S.p.A		17,439,939
			TOTAL ITALY		84,325,522
JAPAN - 14.7%
	200,400	*,e	Amazia, Inc		7,684,381
	229,100	*,e	BASE, Inc		14,135,575
	639,100	e	Benefit One, Inc		14,016,970
	255,200		Eisai Co Ltd		20,596,313
	165,900		GMO Payment Gateway, Inc		17,392,191
	2,302,400		Infomart Corp		14,297,286
	177,000		IR Japan Holdings Ltd		19,548,453
	580,700	e	Japan Elevator Service Holdings Co Ltd		19,286,664
	517,200	*,e	Kamakura Shinsho Ltd		3,761,160
	512,100		MonotaRO Co Ltd		21,779,090
	354,000		Paltac Corp		19,174,278
	462,302		Seria Co Ltd		18,497,088
	147,099	*	SHIFT, Inc		15,614,466
	808,400		SMS Co Ltd		20,059,485
	276,400		TechnoPro Holdings, Inc		14,124,043
	199,400	e	Workman Co Ltd		18,837,833
			TOTAL JAPAN		258,805,276
NETHERLANDS - 5.5%
	13,593	*,g	Adyen NV		22,688,838
	97,547		ASML Holding NV		34,681,629
	2,973,200		ING Groep NV		20,731,767
	166,241	*,g	Just Eat Takeaway		17,869,569
			TOTAL NETHERLANDS		95,971,803

95

TIAA-CREF FUNDS - International Opportunities Fund

SHARES			COMPANY	VALUE
NEW ZEALAND - 1.0%
	750,000		Fisher & Paykel Healthcare Corp	$	17,965,811
			TOTAL NEW ZEALAND		17,965,811
NORWAY - 1.4%
	1,328,986	e	Aker BP ASA		25,306,645
			TOTAL NORWAY		25,306,645
PHILIPPINES - 1.0%
	5,703,054		Banco de Oro Universal Bank		10,198,942
	6,009,020		Robinsons Retail Holdings, Inc		7,538,141
			TOTAL PHILIPPINES		17,737,083
PORTUGAL - 1.1%
	1,204,396		Jeronimo Martins SGPS S.A.		20,193,220
			TOTAL PORTUGAL		20,193,220
SPAIN - 1.1%
	376,699		Amadeus IT Holding S.A.		18,810,564
	142,139	*,†,e	Let’s GOWEX S.A.		1,674
			TOTAL SPAIN		18,812,238
SWEDEN - 4.0%
	370,835		Hexagon AB (B Shares)		24,251,642
	652,000	e	Intrum Justitia AB		15,631,711
	396,800		Swedish Match AB		30,572,939
			TOTAL SWEDEN		70,456,292
SWITZERLAND - 5.3%
	329,787		Alcon, Inc		19,932,082
	52,867		Lonza Group AG.		33,059,587
	115,900		Roche Holding AG.		40,142,718
			TOTAL SWITZERLAND		93,134,387
TAIWAN - 0.9%
	1,197,540		Dadi Early-Childhood Education Group Ltd		7,236,382
	2,700,349		Hota Industrial Manufacturing Co Ltd		8,772,193
			TOTAL TAIWAN		16,008,575
UNITED KINGDOM - 8.3%
	986,180		Ashtead Group plc		31,403,690
	2,404,119		Beazley plc		13,096,240
	5,204,788	*	boohoo.com plc		17,609,795
	507,700		Dechra Pharmaceuticals plc		18,893,187
	2,207,886		Electrocomponents plc		18,913,000
	447,623		Fevertree Drinks plc		12,755,676
	85,385		Linde plc (Xetra)		20,780,722
	6,603,400		Tritax Big Box REIT plc		13,058,782
			TOTAL UNITED KINGDOM		146,511,092

96

TIAA-CREF FUNDS - International Opportunities Fund

SHARES			COMPANY					VALUE
UNITED STATES - 1.1%
	60,900	*	Lululemon Athletica, Inc					$	19,828,431
			TOTAL UNITED STATES						19,828,431
			TOTAL COMMON STOCKS						1,703,859,234
			(Cost $1,087,851,449)
RIGHTS / WARRANTS - 0.0%
BRAZIL - 0.0%
	2,905	†	Banco Inter S.A.						14,908
			TOTAL BRAZIL						14,908
			TOTAL RIGHTS / WARRANTS						14,908
			(Cost $0)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 5.6%
TREASURY DEBT - 2.9%
$	26,340,000		United States Treasury Bill		0.119	%	08/04/20		26,339,945
	26,630,000		United States Treasury Bill		0.083		08/13/20		26,629,389
			TOTAL TREASURY DEBT						52,969,334
REPURCHASE AGREEMENT - 1.3%
	22,315,000	r	Fixed Income Clearing Corp (FICC)		0.080		08/03/20		22,315,000
			TOTAL REPURCHASE AGREEMENT						22,315,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.4%
	24,374,858	c	State Street Navigator Securities Lending Government Money Market Portfolio						24,374,858
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						24,374,858
			TOTAL SHORT-TERM INVESTMENTS						99,659,192
			(Cost $99,658,857)
			TOTAL INVESTMENTS - 102.4%						1,803,533,334
			(Cost $1,187,510,306)
			OTHER ASSETS & LIABILITIES, NET - (2.4)%						(43,032,374	)
			NET ASSETS - 100.0%					$	1,760,500,960
			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 $89,341,344.
	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 7/31/2020, the aggregate value of these securities is $70,633,036 or 4.0% of net assets.
	r		Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $22,315,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $22,761,381.

97

TIAA-CREF FUNDS - International Opportunities Fund

TIAA-CREF FUNDS

INTERNATIONAL OPPORTUNITIES FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2020

SECTOR	VALUE			% OF NET ASSETS
INFORMATION TECHNOLOGY	$	409,678,465			23.4	%
CONSUMER DISCRETIONARY		336,999,614			19.1
HEALTH CARE		250,968,737			14.3
INDUSTRIALS		213,525,583			12.1
CONSUMER STAPLES		193,418,452			11.0
FINANCIALS		130,948,815			7.4
MATERIALS		68,088,470			3.9
COMMUNICATION SERVICES		61,880,578			3.5
ENERGY		25,306,645			1.4
REAL ESTATE		13,058,783			0.7
SHORT-TERM INVESTMENTS		99,659,192			5.6
OTHER ASSETS & LIABILITIES, NET		(43,032,374	)		(2.4	)
NET ASSETS	$	1,760,500,960			100.0	%

98

TIAA-CREF FUNDS - Quant International Equity Fund

TIAA-CREF FUNDS

QUANT INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.5%
AUSTRALIA - 7.6%
	373,575		AGL Energy Ltd	$	4,425,168
	265,250		Aristocrat Leisure Ltd		4,973,308
	140,282		Australian Stock Exchange Ltd		8,265,503
	464,394		BHP Billiton Ltd		12,226,958
	138,043		BHP Group plc		2,984,961
	353,828		Commonwealth Bank of Australia		18,000,945
	326,525		Computershare Ltd		3,125,120
	66,151		CSL Ltd		12,866,545
	736,195		Fortescue Metals Group Ltd		9,163,572
	501,286		Goodman Group		6,094,934
	312,657		Lend Lease Corp Ltd		2,539,891
	42,927		Magellan Financial Group Ltd		1,864,975
	170,649		Newcrest Mining Ltd		4,347,420
	68,397		Orica Ltd		847,232
	88,000		Origin Energy Ltd		336,941
	1,157,588		Qantas Airways Ltd		2,654,075
	2,012,370		QR National Ltd		6,417,344
	59,122		Ramsay Health Care Ltd		2,613,140
	200,534		Rio Tinto plc		12,206,942
	1,423,086		Santos Ltd		5,315,665
	2,196,193		Scentre Group		3,182,930
	1,193,781		Stockland Trust Group		2,698,077
	405,637	*	TPG Telecom Ltd		2,330,051
	202,818	*,e	Tuas Ltd		102,157
	159,262		Wesfarmers Ltd		5,295,101
	287,198		Woolworths Ltd		7,950,799
			TOTAL AUSTRALIA		142,829,754
AUSTRIA - 0.6%
	80,716	*	Erste Bank der Oesterreichischen Sparkassen AG.		1,806,686
	253,361	*	OMV AG.		8,001,602
	79,932	*	Raiffeisen International Bank Holding AG.		1,374,979
			TOTAL AUSTRIA		11,183,267
BELGIUM - 1.3%
	6,000		Colruyt S.A.		348,460
	3,800	*,e	Galapagos NV		705,451
	58,254		Groupe Bruxelles Lambert S.A.		5,052,988
	74,400		Groupe Bruxelles Lambert S.A. (EN Brussels)		6,453,498
	77,820		Telenet Group Holding NV		3,018,825
	71,962		UCB S.A.		9,246,524
			TOTAL BELGIUM		24,825,746

99

TIAA-CREF FUNDS - Quant International Equity Fund

SHARES			COMPANY	VALUE
CHINA - 0.1%
	5,000	*	BeiGene Ltd (ADR)	$	1,045,000
			TOTAL CHINA		1,045,000
DENMARK - 2.5%
	5,112		AP Moller - Maersk AS (Class A)		6,069,182
	106,969		Carlsberg AS (Class B)		15,798,198
	356,903		Novo Nordisk AS		23,417,323
	6,777		Vestas Wind Systems AS		868,710
			TOTAL DENMARK		46,153,413
FINLAND - 1.2%
	5,271		Elisa Oyj (Series A)		312,616
	146,144		Kone Oyj (Class B)		11,605,108
	105,893		Neste Oil Oyj		4,863,828
	240,395		UPM-Kymmene Oyj		6,417,027
			TOTAL FINLAND		23,198,579
FRANCE - 10.1%
	122,479		Air Liquide		20,145,373
	142,000		BNP Paribas S.A.		5,728,813
	238,365		Bouygues S.A.		8,420,619
	119,825		Cap Gemini S.A.		15,540,628
	321,431		Carrefour S.A.		5,108,477
	237,000		Credit Agricole S.A.		2,281,304
	14,973		Dassault Systemes S.A.		2,726,485
	133,559		Edenred		6,625,092
	216,039		Faurecia		8,342,937
	75,854		Fonciere Des Regions		5,451,469
	24,832		Gecina S.A.		3,221,262
	9,960		Hermes International		8,074,966
	29,405	e	Iliad S.A.		5,750,781
	31,447		Klepierre		544,623
	9,466		L’Oreal S.A.		3,177,054
	29,271		LVMH Moet Hennessy Louis Vuitton S.A.		12,728,292
	70,647		Michelin (C.G.D.E.) (Class B)		7,316,633
	722,312	e	Peugeot S.A.		11,610,961
	246,232		Renault S.A.		5,851,761
	17,400		Safran S.A.		1,850,520
	105,824		Sanofi-Aventis		11,111,214
	175,036		Schneider Electric S.A.		20,070,237
	158,319		Societe Generale		2,437,371
	360,136		Total S.A.		13,628,878
	117,155		Valeo S.A.		3,006,475
			TOTAL FRANCE		190,752,225
GERMANY - 8.7%
	117,887		Allianz AG.		24,458,518
	61,908		Aroundtown S.A.		372,784
	96,175		BASF SE		5,305,596
	165,494		Bayer AG.		10,994,346
	196,000	*	Deutsche Bank AG.		1,762,526
	80,349		Deutsche Boerse AG.		14,619,003
	98,753		Deutsche Post AG.		4,008,401
	17,568		Deutsche Telekom AG.		293,293

100

TIAA-CREF FUNDS - Quant International Equity Fund

SHARES			COMPANY	VALUE
	96,842		Deutsche Wohnen AG.	$	4,711,987
	45,707		Fresenius Medical Care AG.		4,026,881
	175,219		Fresenius SE		8,742,324
	31,374		Hannover Rueckversicherung AG.		5,307,550
	64,224		Hochtief AG.		5,243,871
	145,091	*	Lanxess AG.		7,525,246
	60,425		Muenchener Rueckver AG.		16,017,061
	26,805	*	Porsche AG.		1,517,242
	206,309		RWE AG.		7,776,687
	88,912		SAP AG.		14,035,057
	36,565		Siemens AG.		4,659,697
	49,493	g	Siemens Healthineers AG.		2,576,679
	200,558		United Internet AG.		9,100,699
	65,479		Volkswagen AG.		10,194,572
			TOTAL GERMANY		163,250,020
HONG KONG - 3.0%
	1,950,575		AIA Group Ltd		17,588,216
	600,000		Bank of East Asia Ltd		1,366,496
	297,000		BOC Hong Kong Holdings Ltd		828,053
	998,500		CK Asset Holdings Ltd		5,544,339
	196,000		CK Infrastructure Holdings Ltd		1,022,060
	267,800		Dairy Farm International Holdings Ltd		1,150,639
	42,700		Hang Seng Bank Ltd		671,865
	98,000		Henderson Land Development Co Ltd		366,768
	1,208,000		HKT Trust and HKT Ltd		1,779,974
	2,714,250		Hong Kong  & China Gas Ltd		3,889,060
	160,604		Hong Kong Exchanges and Clearing Ltd		7,646,860
	13,200		Jardine Matheson Holdings Ltd		539,844
	198,100		Jardine Strategic Holdings Ltd		3,990,760
	27,700		Link REIT		214,926
	29,900		Melco Crown Entertainment Ltd (ADR)		492,154
	647,000		New World Development Co Ltd		3,159,153
	387,000		Swire Properties Ltd		894,354
	185,000		Techtronic Industries Co		1,934,922
	3,955,000	g	WH Group Ltd		3,520,571
			TOTAL HONG KONG		56,601,014
IRELAND - 0.5%
	19,677	*	AerCap Holdings NV		529,902
	100,360		CRH plc		3,653,959
	27,218		Kerry Group plc (Class A)		3,604,927
	2,159		Paddy Power plc		327,127
	62,717		Smurfit Kappa Group plc		2,118,776
			TOTAL IRELAND		10,234,691
ISRAEL - 1.2%
	103,130	*	Check Point Software Technologies		12,927,346
	853,282		Israel Discount Bank Ltd		2,623,505
	138,115		Mizrahi Tefahot Bank Ltd		2,894,873
	64,000	*	Teva Pharmaceutical Industries Ltd (ADR)		738,560
	8,800	*	Wix.com Ltd		2,556,224
			TOTAL ISRAEL		21,740,508

101

TIAA-CREF FUNDS - Quant International Equity Fund

SHARES			COMPANY	VALUE
ITALY - 2.2%
	900,225		Assicurazioni Generali S.p.A.	$	13,517,503
	2,250,763		Enel S.p.A.		20,618,174
	1,156,357		Intesa Sanpaolo S.p.A.		2,357,054
	45,938		Recordati S.p.A.		2,467,339
	4,247,712		Telecom Italia S.p.A.		1,722,683
			TOTAL ITALY		40,682,753
JAPAN - 24.1%
	5,800		Advantest Corp		316,675
	48,600		Alfresa Holdings Corp		995,199
	44,000		Asahi Glass Co Ltd		1,236,879
	631,900		Astellas Pharma, Inc		9,856,351
	51,200		Central Japan Railway Co		6,211,043
	186,000		Chiba Bank Ltd		852,222
	53,500		Chubu Electric Power Co, Inc		636,173
	233,700		Chugai Pharmaceutical Co Ltd		10,551,377
	235,200		Chugoku Electric Power Co, Inc		2,870,147
	4,300		Cosmos Pharmaceutical Corp		790,167
	260,100		Dai Nippon Printing Co Ltd		5,650,883
	12,000		Daiichi Sankyo Co Ltd		1,061,839
	4,600		Daikin Industries Ltd		809,354
	31,800		Daito Trust Construction Co Ltd		2,493,826
	16,000		Disco Corp		3,877,377
	254,600		Don Quijote Co Ltd		5,770,508
	74,000		Eisai Co Ltd		5,972,285
	74,400	e	FamilyMart Co Ltd		1,670,117
	45,500		Fuji Electric Holdings Co Ltd		1,240,273
	95,300		Fujitsu Ltd		12,760,209
	225,400		Fukuoka Financial Group, Inc		3,278,120
	3,200		GMO Payment Gateway, Inc		335,473
	24,700		Hikari Tsushin, Inc		5,354,976
	173,900		Hulic Co Ltd		1,494,786
	177,100		Inpex Holdings, Inc		1,010,889
	114,600		Isuzu Motors Ltd		934,735
	353,700		Itochu Corp		7,755,339
	35,000		Japan Airlines Co Ltd		566,555
	632,900		Japan Tobacco, Inc		10,817,815
	280,000		JFE Holdings, Inc		1,837,888
	41,000		JTEKT Corp		272,864
	395,000		JX Holdings, Inc		1,385,111
	161,100		Kamigumi Co Ltd		2,940,192
	66,600		Kansai Electric Power Co, Inc		633,514
	81,100		Kao Corp		5,883,317
	480,300		KDDI Corp		15,272,311
	16,700		Keyence Corp		7,042,170
	135,600		Kirin Brewery Co Ltd		2,612,832
	421,700		Kubota Corp		6,004,993
	149,800		Kurita Water Industries Ltd		4,028,998
	10,000		Kyocera Corp		556,903
	104,600		Kyowa Hakko Kogyo Co Ltd		2,583,316
	20,400		Lasertec Corp		1,801,208
	82,900		Lion Corp		2,154,780
	110,500		M3, Inc		5,674,458

102

TIAA-CREF FUNDS - Quant International Equity Fund

SHARES			COMPANY	VALUE
	273,800		Mediceo Paltac Holdings Co Ltd	$	5,014,268
	42,100		MEIJI Holdings Co Ltd		3,305,878
	33,700		Minebea Co Ltd		552,658
	133,900		Mitsubishi Corp		2,698,055
	118,000		Mitsubishi Electric Corp		1,540,380
	200,000		Mitsubishi Heavy Industries Ltd		4,652,716
	248,400		Mitsubishi UFJ Financial Group, Inc		930,834
	440,700		Mitsui  & Co Ltd		6,588,506
	175,500		Mitsui Fudosan Co Ltd		2,743,760
	8,348,500		Mizuho Financial Group, Inc		10,177,217
	48,400		MonotaRO Co Ltd		2,058,403
	143,100		Murata Manufacturing Co Ltd		9,191,404
	83,600		NEC Corp		4,683,734
	60,100		Nexon Co Ltd		1,544,078
	9,000		Nidec Corp		714,933
	27,000		Nihon M&A Center, Inc		1,314,711
	17,700		Nintendo Co Ltd		7,784,639
	31,000		Nippon Meat Packers, Inc		1,362,507
	57,000		Nippon Steel Corp		467,364
	421,700		Nippon Yusen Kabushiki Kaisha		5,487,143
	23,800		Nissan Chemical Industries Ltd		1,260,481
	48,900		Nitori Co Ltd		10,705,980
	23,900		Nitto Denko Corp		1,354,663
	112,100		NKSJ Holdings, Inc		3,694,164
	1,384,800	*	Nomura Holdings, Inc		6,517,107
	104,000		Nomura Real Estate Holdings, Inc		1,719,408
	88,300		Nomura Research Institute Ltd		2,330,538
	48,900		NTT DoCoMo, Inc		1,346,272
	3,400		Obic Co Ltd		609,720
	1,000		Orix JREIT, Inc		1,290,075
	109,100		Osaka Gas Co Ltd		2,022,898
	125,500		Otsuka Corp		6,543,472
	24,000		Otsuka Holdings KK		995,365
	189,100		Panasonic Corp		1,637,866
	494,500	*	Rakuten, Inc		4,544,119
	293,300		Recruit Holdings Co Ltd		9,149,740
	6,100		Rinnai Corp		499,979
	22,200		Secom Co Ltd		1,919,833
	236,600		Sekisui Chemical Co Ltd		3,220,660
	390,000	e	Sekisui House Ltd		7,122,863
	83,000		Seven  & I Holdings Co Ltd		2,508,219
	94,300		Shin-Etsu Chemical Co Ltd		11,036,751
	63,000		Shionogi  & Co Ltd		3,747,928
	523,100		Softbank Corp		7,002,323
	240,400		Softbank Group Corp		15,162,766
	274,900		Sony Corp		21,358,356
	80,400		Start Today Co Ltd		2,174,850
	7,200		Sumisho Computer Systems Corp		366,454
	123,100		Sumitomo Metal Mining Co Ltd		3,700,330
	112,900		Sumitomo Mitsui Financial Group, Inc		3,008,382
	177,200		Sumitomo Realty  & Development Co Ltd		4,518,957
	53,000		Sundrug Co Ltd		1,803,639
	51,400		Suzuken Co Ltd		1,828,406
	149,300		T&D Holdings, Inc		1,228,960

103

TIAA-CREF FUNDS - Quant International Equity Fund

SHARES			COMPANY	VALUE
	172,800		Taiyo Nippon Sanso Corp	$	2,725,661
	121,100		Takeda Pharmaceutical Co Ltd		4,391,910
	51,800		TDK Corp		5,767,250
	20,000		Tohoku Electric Power Co, Inc		189,003
	120,200		Tokio Marine Holdings, Inc		5,075,439
	21,000		Tokyo Electron Ltd		5,811,062
	500,900		Toppan Printing Co Ltd		7,509,200
	43,000		Toshiba Corp		1,314,990
	310,076		Toyota Motor Corp		18,407,332
	173,000		Toyota Tsusho Corp		4,387,869
	5,800		Tsuruha Holdings, Inc		804,261
	97,400		Uni-Charm Corp		4,405,675
	104,200		Yahoo! Japan Corp		554,108
	435,800		Yamada Denki Co Ltd		1,890,760
	91,000		Yamato Transport Co Ltd		2,346,491
			TOTAL JAPAN		454,182,170
JORDAN - 0.2%
	106,652		Hikma Pharmaceuticals plc		2,988,488
			TOTAL JORDAN		2,988,488
LUXEMBOURG - 0.2%
	344,475		ArcelorMittal		3,813,951
			TOTAL LUXEMBOURG		3,813,951
MACAU - 0.1%
	117,000		Sands China Ltd		446,099
	883,200		Wynn Macau Ltd		1,548,972
			TOTAL MACAU		1,995,071
NETHERLANDS - 5.5%
	284	*,g	Adyen NV		474,040
	1,176,790	*	Altice NV (Class A)		5,579,475
	94,493		ASML Holding NV		33,595,817
	514,484		Koninklijke Ahold Delhaize NV		14,817,574
	9,000		NN Group NV		329,419
	169,038	*	Prosus NV		16,451,953
	487,403		Royal Dutch Shell plc (A Shares)		7,123,674
	982,110		Royal Dutch Shell plc (B Shares)		13,785,343
	153,514		Wolters Kluwer NV		12,090,422
			TOTAL NETHERLANDS		104,247,717
NEW ZEALAND - 0.4%
	112,851		Fisher  & Paykel Healthcare Corp		2,703,280
	21,694		Ryman Healthcare Ltd		192,555
	1,479,895		Telecom Corp of New Zealand Ltd		4,849,815
			TOTAL NEW ZEALAND		7,745,650
NORWAY - 0.0%
	21,926		Yara International ASA		924,924
			TOTAL NORWAY		924,924

104

TIAA-CREF FUNDS - Quant International Equity Fund

SHARES			COMPANY	VALUE
SINGAPORE - 1.1%
	112,700		CapitaLand Ltd	$	227,455
	871,000		DBS Group Holdings Ltd		12,582,165
	741,900		Oversea-Chinese Banking Corp		4,647,082
	425,000		Singapore Exchange Ltd		2,535,263
			TOTAL SINGAPORE		19,991,965
SOUTH AFRICA - 0.6%
	479,201		Anglo American plc		11,600,534
			TOTAL SOUTH AFRICA		11,600,534
SPAIN - 2.0%
	227,280		ACS Actividades de Construccion y Servicios S.A.		5,272,104
	78,044	g	Aena S.A.		10,175,780
	63,716		Enagas		1,607,513
	289,328		Endesa S.A.		8,253,629
	702,028		Iberdrola S.A.		9,073,913
	16,145	*	Iberdrola S.A.-Interim		208,682
	143,855		Red Electrica Corp S.A.		2,804,423
			TOTAL SPAIN		37,396,044
SWEDEN - 3.7%
	327,078		Atlas Copco AB (A Shares)		14,519,473
	313,325		Atlas Copco AB (B Shares)		12,126,505
	661,883		Epiroc AB (Class A)		9,254,526
	95,618	e,g	Evolution Gaming Group AB		6,488,715
	126,000		Husqvarna AB (B Shares)		1,205,819
	133,101		ICA Gruppen AB		6,538,352
	180,000		Kinnevik AB		6,336,080
	19,721		SKF AB (B Shares)		365,092
	24,000		Svenska Handelsbanken AB		226,331
	158,196		Swedish Match AB		12,188,802
			TOTAL SWEDEN		69,249,695
SWITZERLAND - 10.2%
	31,422		Coca-Cola HBC AG.		818,033
	977		Givaudan S.A.		4,046,459
	208,573		Holcim Ltd		9,867,679
	1,360		Lindt  & Spruengli AG.		10,528,899
	29,148		Logitech International S.A.		2,126,299
	405,032		Nestle S.A.		48,167,095
	400,977		Novartis AG.		33,027,363
	131,052		Roche Holding AG.		45,390,711
	27,741		Swiss Life Holding		10,137,716
	21,574	e	Swisscom AG.		11,467,988
	46,988		Zurich Insurance Group AG		17,376,290
			TOTAL SWITZERLAND		192,954,532
UNITED KINGDOM - 11.2%
	29,331		Admiral Group plc		914,679
	37,680		Ashtead Group plc		1,199,873
	220,812		AstraZeneca plc (ADR)		12,316,893
	1,211,334		BAE Systems plc		7,763,320
	3,375,049		Barclays plc		4,375,739

105

TIAA-CREF FUNDS - Quant International Equity Fund

SHARES			COMPANY				VALUE
	186,143		Berkeley Group Holdings plc				$	10,800,174
	195,493		BP plc (ADR)					4,308,666
	446,797		British American Tobacco plc					14,765,887
	2,014,804		BT Group plc					2,588,922
	265,340		CK Hutchison Holdings Ltd					1,732,616
	330,222		Diageo plc					12,083,028
	95,085		Experian Group Ltd					3,321,329
	1,058,095		GlaxoSmithKline plc					21,077,578
	105,093		Halma plc					2,985,042
	116,437		Hargreaves Lansdown plc					2,642,505
	1,280,957		HSBC Holdings plc					5,767,918
	8,000		Intertek Group plc					562,632
	428,000		J Sainsbury plc					1,043,181
	450,000		Kingfisher plc					1,422,040
	3,672,211		Legal  & General Group plc					10,165,707
	106,036		London Stock Exchange Group plc					11,712,614
	1,224,118		M&G plc					2,562,011
	53,073		Next plc					3,745,995
	129,075		Persimmon plc					4,029,747
	120,487		Reckitt Benckiser Group plc					12,081,175
	530,346		RELX plc					11,164,935
	265,389		Rolls-Royce Group plc					796,128
	3,964,209		Royal Bank of Scotland Group plc					5,459,566
	25,000		Schroders plc					965,523
	298,673		Segro plc					3,782,468
	313,372		Severn Trent plc					9,986,339
	159,890		Standard Chartered plc					799,429
	1,815,367		Tesco plc					5,123,588
	61,464		Unilever NV					3,631,925
	51,626		Unilever plc					3,074,069
	608,700		Vodafone Group plc (ADR)					9,252,240
			TOTAL UNITED KINGDOM					210,005,481
UNITED STATES - 1.2%
	45,249		Ferguson plc					3,988,854
	300,000		iShares MSCI EAFE Index Fund					18,615,000
			TOTAL UNITED STATES					22,603,854
			TOTAL COMMON STOCKS					1,872,197,046
			(Cost $1,724,390,210)
PRINCIPAL			ISSUER	RATE		MATURITY DATE
SHORT-TERM INVESTMENTS - 0.5%
REPURCHASE AGREEMENT - 0.2%
$	4,550,000	r	Fixed Income Clearing Corp (FICC)	0.080	%	08/03/20		4,550,000
			TOTAL REPURCHASE AGREEMENT					4,550,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3%
	5,805,945	c	State Street Navigator Securities Lending Government Money Market Portfolio					5,805,945
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					5,805,945

106

TIAA-CREF FUNDS - Quant International Equity Fund

		VALUE
	TOTAL SHORT-TERM INVESTMENTS	$	10,355,945
	(Cost $10,355,945)
	TOTAL INVESTMENTS - 100.0%		1,882,552,991
	(Cost $1,734,746,155)
	OTHER ASSETS  & LIABILITIES, NET - 0.0%		652,081
	NET ASSETS - 100.0%	$	1,883,205,072
	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 $27,333,551.
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 7/31/2020, the aggregate value of these securities is $23,235,785 or 1.2% of net assets.
r	Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $4,550,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $4,641,027.

107

TIAA-CREF FUNDS - Quant International Equity Fund

TIAA-CREF FUNDS

QUANT INTERNATIONAL EQUITY FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2020

			% OF
SECTOR	VALUE		NET ASSETS
FINANCIALS	$	317,839,626		16.9	%
INDUSTRIALS		262,149,780		13.9
HEALTH CARE		260,920,898		13.9
CONSUMER STAPLES		223,639,940		11.9
CONSUMER DISCRETIONARY		209,494,028		11.1
INFORMATION TECHNOLOGY		158,710,800		8.4
MATERIALS		139,579,744		7.4
COMMUNICATION SERVICES		106,816,015		5.7
UTILITIES		76,017,384		4.0
ENERGY		59,760,598		3.2
REAL ESTATE		57,268,233		3.1
SHORT-TERM INVESTMENTS		10,355,945		0.5
OTHER ASSETS  & LIABILITIES, NET		652,081		0.0
NET ASSETS	$	1,883,205,072		100.0	%

108

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

TIAA-CREF FUNDS

QUANT INTERNATIONAL SMALL-CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.8%
AUSTRALIA - 6.5%
	448,000		Ansell Ltd	$	12,300,677
	83,000		Appen Ltd		2,114,125
	1,232,000		Austal Ltd		2,909,184
	887,000		Australian Pharmaceutical Industries Ltd		701,961
	779,000		Bunnings Warehouse Property Trust		2,135,558
	260,000		BWX Ltd		725,691
	554,000	g	Coronado Global Resources, Inc (ADR)		347,226
	396,000		Futuris Corp Ltd		2,895,770
	561,000		GDI Property Group		428,585
	402,008		Genworth Mortgage Insurance Australia Ltd		486,322
	827,000		Independence Group NL		2,722,099
	911,000		Ingenia Communities Group		3,079,890
	141,000	e	JB Hi-Fi Ltd		4,617,697
	3,357,000	*	Mayne Pharma Group Ltd		940,133
	3,024,000	e	Metcash Ltd		5,831,726
	275,000		Mineral Resources Ltd		5,063,809
	240,000		nib holdings Ltd		755,065
	2,155,000		Perenti Global Ltd		1,845,087
	1,359,000	*	Perseus Mining Ltd		1,547,050
	298,000	e	Pinnacle Investment Management Group Ltd		1,074,181
	209,000		Premier Investments Ltd		2,488,497
	110,000		Select Harvests Ltd		469,697
	174,000	e	Seven Network Ltd		2,105,431
	1,254,000		Sigma Healthcare Ltd		596,799
	752,000		St Barbara Ltd		1,847,529
	531,000		Super Cheap Auto Group Ltd		3,356,172
			TOTAL AUSTRALIA		63,385,961
AUSTRIA - 0.6%
	20,000		Schoeller-Bleckmann Oilfield Equipment AG.		523,915
	77,000	*	Telekom Austria AG.		578,680
	50,000	*	Wiener Staedtische Allgemeine Versicherung AG.		1,111,729
	159,000	*	Wienerberger AG.		3,646,617
			TOTAL AUSTRIA		5,860,941
BELGIUM - 1.1%
	8,000		Aedifica S.A.		921,825
	154,000	*	AGFA-Gevaert NV		624,339
	23,000		Befimmo SCA Sicafi		1,043,318
	16,000		Dieteren S.A.		863,716
	332,000		Euronav NV		3,217,875
	36,000	*	KBC Ancora		1,203,812
	63,000		Mobistar S.A.		1,054,848
	32,000	e	Ontex Group NV		457,615

109

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

SHARES			COMPANY	VALUE
	20,000	*	Tessenderlo Chemie NV	$	593,994
	20,000		Warehouses De Pauw CVA		643,652
			TOTAL BELGIUM		10,624,994
BRAZIL - 1.8%
	251,000		Bradespar S.A.		2,071,398
	951,000		Cia de Saneamento do Parana (Preference)		1,104,764
	1,166,000		Cia Energetica de Sao Paulo (Class B)		7,152,620
	246,000		LOG Commercial Properties e Participacoes S.A.		1,735,400
	161,000		Tegma Gestao Logistica		805,224
	803,000		Transmissora Alianca de Energia Eletrica S.A.		4,457,904
			TOTAL BRAZIL		17,327,310
BURKINA FASO - 0.2%
	422,000	*	IAMGOLD Corp		2,107,716
			TOTAL BURKINA FASO		2,107,716
CANADA - 5.9%
	53,310		Aecon Group, Inc		559,587
	273,000	*,e	Aphria, Inc		1,302,378
	154,000		Canaccord Financial, Inc		894,486
	147,000	e	Canadian Western Bank		2,502,221
	121,000		Cascades, Inc		1,379,424
	181,000	*	Celestica, Inc		1,494,539
	59,000		Cogeco Communications, Inc		4,497,294
	11,000		Cogeco, Inc		669,387
	401,000		Corus Entertainment, Inc		718,504
	984,000	e	Crescent Point Energy Corp		1,520,684
	147,000		Enerflex Ltd		545,440
	31,000	e	Exchange Income Corp		615,857
	107,000	e	Extendicare, Inc		448,945
	65,000		Granite REIT		3,780,283
	73,000	e	Intertape Polymer Group, Inc		872,000
	3,000		iShares S&P/TSX SmallCap Index ETF		31,065
	609,000	*	Ivanhoe Mines Ltd		2,146,015
	140,000		Killam Apartment REIT		1,818,657
	179,000		Labrador Iron Ore Royalty Corp		3,429,124
	90,000		Linamar Corp		2,687,670
	120,000		Martinrea International, Inc		892,307
	1,018,000	*	MEG Energy Corp		2,690,448
	115,000		Northview Apartment REIT		3,008,399
	140,000	*	Parex Resources, Inc		1,693,232
	124,000	e	Rogers Sugar, Inc		441,584
	197,900		Russel Metals, Inc		2,650,585
	30,000		SNC-Lavalin Group, Inc		475,942
	192,600		TFI International, Inc		8,357,096
	100,000	e	Timbercreek Financial Corp		629,363
	113,000		Tourmaline Oil Corp		1,149,024
	113,000		Transcontinental, Inc		1,302,564
	264,000	e	Vermilion Energy, Inc		1,076,143
	67,000	e	Westshore Terminals Investment Corp		859,853
			TOTAL CANADA		57,140,100
CHILE - 0.1%
	30,652,000	*	Compania SudAmericana de Vapores S.A.		795,593
			TOTAL CHILE		795,593

110

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

SHARES			COMPANY	VALUE
CHINA - 3.4%
	1,527,000		Asia Cement China Holdings Corp	$	1,729,974
	1,794,000		Beijing North Star Co		386,841
	941,000		Central China Real Estate Ltd		464,024
	963,000		Chaowei Power Holdings Ltd		510,400
	1,157,000		China Harmony New Energy Auto Holding Ltd		521,416
	490,000		China Meidong Auto Holdings Ltd		1,369,504
	4,750,000		China Overseas Grand Oceans Group Ltd		2,872,386
	745,000		China Shineway Pharmaceutical Group Ltd		498,421
	3,407,000	*	China Suntien Green Energy Cor		990,284
	4,514,000		Citic 1616 Holdings Ltd		1,432,886
	946,000		Cofco International Ltd		338,308
	3,128,000		Fushan International Energy Group Ltd		716,280
	11,346,000		Gemdale Properties and Investment Corp Ltd		2,008,315
	127,000	*,e	JinkoSolar Holding Co Ltd (ADR)		2,432,050
	5,238,000		Lonking Holdings Ltd		1,725,417
	1,883,000		Poly Hong Kong Investment Ltd		593,049
	662,000		Road King Infrastructure		890,526
	1,989,000		TCL Multimedia Technology Holdings Ltd		1,179,310
	2,940,000		Tiangong International Co Ltd		963,524
	2,626,000	e	Tianneng Power International Ltd		6,095,396
	10,760,000		West China Cement Ltd		2,293,225
	1,818,000	e,g	YiChang HEC ChangJiang Pharmaceutical Co Ltd		2,734,337
			TOTAL CHINA		32,745,873
COLOMBIA - 0.1%
	68,000	*	Corp Financiera Colombiana S.A.		453,576
	120,000		Frontera Energy Corp		247,266
			TOTAL COLOMBIA		700,842
COTE D’IVOIRE - 0.2%
	70,673	*	Endeavour Mining Corp		1,904,206
			TOTAL COTE D’IVOIRE		1,904,206
DENMARK - 1.7%
	115,000		Alm Brand AS		1,171,503
	99,000		D/S Norden		1,494,859
	21,000		PER Aarsleff A.S.		804,239
	30,000		Ringkjoebing Landbobank A.S.		2,230,747
	80,000		Royal Unibrew A.S.		8,093,422
	111,000	g	Scandinavian Tobacco Group A.S.		1,632,620
	30,000		Topdanmark AS		1,282,985
			TOTAL DENMARK		16,710,375
EGYPT - 0.0%
	605,000		Telecom Egypt		490,705
			TOTAL EGYPT		490,705
FINLAND - 1.6%
	384,000		Kesko Oyj (B Shares)		8,142,345
	40,000		Tokmanni Group Corp		750,450
	234,000		Valmet Corp		6,555,819
			TOTAL FINLAND		15,448,614

111

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

SHARES			COMPANY	VALUE
FRANCE - 1.3%
	22,000		Carbone Lorraine	$	593,504
	49,000	*	Cellectis S.A.		772,143
	167,000		Coface S.A.		1,324,469
	168,000	g	Elior Participations S.C.A		930,426
	110,000	*	Innate Pharma S.A.		670,611
	37,000		Nexans S.A.		1,928,432
	39,000		Nexity		1,328,213
	31,000		Sechilienne-Sidec		1,385,851
	18,000		Sopra Group S.A.		2,687,832
	7,000	*	Virbac S.A.		1,522,148
			TOTAL FRANCE		13,143,629
GERMANY - 2.8%
	127,000	*	ADVA AG. Optical Networking		1,058,525
	280,000		Borussia Dortmund GmbH & Co KGaA		1,844,924
	7,000		Cewe Color Holding AG.		787,524
	61,000		CropEnergies AG.		656,036
	74,000		DIC Asset AG.		957,381
	18,000		Draegerwerk AG.		1,696,726
	48,000		Eckert & Ziegler Strahlen- und Medizintechnik AG.		2,550,027
	28,000	*,e	Evotec AG.		740,812
	80,000		Grand City Properties S.A.		1,904,511
	19,000		Hornbach Holding AG. & Co KGaA		1,828,533
	15,000	g	JOST Werke AG.		548,630
	455,000	*	Metro AG.		1,621,551
	11,000	*	Morphosys AG.		1,412,105
	41,000		Patrizia Immobilien AG.		1,123,878
	119,000		ProSiebenSat. Media AG.		1,235,181
	15,000		Rheinmetall AG.		1,418,197
	862,000		Sirius Real Estate Ltd		832,252
	31,000		Sixt AG. (Preference)		1,564,028
	30,000		Stabilus S.A.		1,510,043
	21,000		Wacker Chemie AG.		1,905,237
			TOTAL GERMANY		27,196,101
GREECE - 0.1%
	76,000	*	GEK Group of Cos S.A.		517,450
			TOTAL GREECE		517,450
HONG KONG - 1.1%
	760,000		China Grand Pharmaceutical and Healthcare Holdings Ltd		720,581
	1,622,000		Digital China Holdings Ltd		1,364,641
	341,000		Johnson Electric Holdings Ltd		627,579
	1,903,734		K Wah International Holdings Ltd		803,448
	498,000		NetDragon Websoft, Inc		1,423,710
	2,004,000	*	Pou Sheng International Holdings Ltd		438,057
	4,000,000		Shun TAK Holdings Ltd		1,441,077
	3,938,000		United Laboratories Ltd		3,675,491
	960,000		VST Holdings Ltd		564,299
			TOTAL HONG KONG		11,058,883
INDIA - 0.7%
	329,000		Adani Enterprises Ltd		776,522
	41,000		Apollo Hospitals Enterprise Ltd		919,466

112

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

SHARES			COMPANY	VALUE
	119,000	*	Crompton Greaves Consumer Electricals Ltd	$	387,465
	156,000		Glenmark Pharmaceuticals Ltd		943,582
	1,058,000	*	Jindal Steel & Power Ltd		2,629,712
	29,001		Mphasis Ltd		448,697
	108,000		Torrent Power Ltd		469,470
			TOTAL INDIA		6,574,914
INDONESIA - 0.2%
	16,139,000	*	PT Erajaya Swasembada Tbk		1,624,545
	10,531,000	*	PT Mitra Adiperkasa Tbk		492,210
			TOTAL INDONESIA		2,116,755
IRELAND - 0.1%
	442,000	*	C&C Group plc		1,336,135
			TOTAL IRELAND		1,336,135
ISRAEL - 1.0%
	88,000		Amot Investments Ltd		428,583
	41,000		Ashtrom Group Ltd		484,762
	2,700		Bayside Land Corp		1,659,709
	8,000		Big Shopping Centers Ltd		573,364
	14,000		Elco Holdings Ltd		490,886
	2,000		Electra Israel Ltd		925,420
	26,000		First International Bank Of Israel Ltd		598,284
	107,000		Gazit Globe Ltd		445,273
	677,250	*	Industrial Buildings Corp		1,325,201
	32,000	*	Nova Measuring Instruments Ltd		1,638,166
	27,000		Saipens International Corp NV		815,117
	66,000	*	Shapir Engineering and Industry Ltd		488,003
			TOTAL ISRAEL		9,872,768
ITALY - 2.8%
	120,000		ACEA S.p.A.		2,456,031
	578,000		Actelios S.p.A.		3,780,725
	375,000	g	Banca Farmafactoring S.p.A		2,128,960
	151,000		Buzzi Unicem S.p.A.		3,435,511
	52,000		Buzzi Unicem S.p.A. RSP		669,490
	135,000	*	Cerved Information Solutions S.p.A		1,119,326
	1,003,000		Cofide S.p.A.		453,690
	64,000		Danieli & Co S.p.A. (RSP)		515,623
	66,000		De’Longhi S.p.A.		2,065,995
	1,250,000		Hera S.p.A.		4,805,099
	765,000		Piaggio & C S.p.A.		2,145,252
	322,000		Saipem S.p.A		689,593
	21,000		Sesa S.p.A		1,599,384
	36,000	e	Tod’s S.p.A.		1,042,141
			TOTAL ITALY		26,906,820
JAPAN - 20.8%
	34,000		Altech Corp		567,603
	29,000		Amuse, Inc		512,176
	41,000	e	Anritsu Corp		988,622
	30,000		Arata Corp		1,422,899
	119,000		Asahi Holdings, Inc		4,146,098
	65,000		BayCurrent Consulting, Inc		7,873,482

113

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

SHARES			COMPANY	VALUE
	168,000		Bunka Shutter Co Ltd	$	1,104,442
	995,000	*	Chiyoda Corp		2,381,780
	60,000		Cocokara Fine Holdings, Inc		3,265,133
	44,000		Computer Engineering & Consulting Ltd		632,069
	194,000		Cybozu, Inc		5,749,269
	14,129		Daiichi Jitsugyo Co Ltd		471,160
	90,000	e	Daio Paper Corp		1,222,229
	110,800		Daiwabo Co Ltd		8,054,727
	74,000		Dip Corp		1,392,610
	66,000		Dowa Holdings Co Ltd		1,936,861
	142,000		Enigmo, Inc		1,822,101
	142,000		ES-Con Japan Ltd		929,986
	25,000		Fuyo General Lease Co Ltd		1,415,154
	62,000		GMO internet, Inc		1,796,106
	24,000		Godo Steel Ltd		416,233
	123,000		Goldcrest Co Ltd		1,521,421
	73,000		Goldwin, Inc		4,364,596
	56,000		Green Hospital Supply, Inc		2,410,927
	768,000		Haseko Corp		9,073,920
	86,000		Hosiden Corp		736,445
	17,899		Hosokawa Micron Corp		933,738
	51,000		Inaba Denki Sangyo Co Ltd		1,166,876
	11,000		Invincible Investment Corp		2,512,085
	48,000		IR Japan Holdings Ltd		5,301,275
	60,000		Itochu Enex Co Ltd		471,254
	33,000	*	Jafco Co Ltd		1,165,996
	91,000	e	Japan Elevator Service Holdings Co Ltd		3,022,363
	272,000	e	Japan Investment Adviser Co Ltd		2,028,343
	257,000	e	JDC Corp		1,298,332
	56,000		Kaken Pharmaceutical Co Ltd		2,544,987
	100,000	e	Kanto Denka Kogyo Co Ltd		783,027
	419,000		Kenedix, Inc		1,905,723
	122,000		Kinden Corp		1,891,135
	74,000		Kohnan Shoji Co Ltd		2,761,363
	95,000		Komeri Co Ltd		2,990,232
	99,000	e	Koshidaka Holdings Co Ltd		312,434
	35,000		Kotobuki Spirits Co Ltd		1,046,858
	159,200		Kumagai Gumi Co Ltd		3,649,417
	80,000	e	LEC, Inc		1,162,820
	159,000		Macromill, Inc		1,061,724
	423,565		Maeda Corp		2,892,247
	43,800		Maeda Road Construction Co Ltd		796,368
	18,000		Maruzen Showa Unyu Co Ltd		536,781
	15,000		Mitsubishi Research Institute, Inc		601,516
	47,000		Mitsui-Soko Co Ltd		641,840
	47,000		Musashino Bank Ltd		635,528
	17,000		NEC Capital Solutions Ltd		283,816
	48,000		Nichiha Corp		974,664
	48,000		Nihon Unisys Ltd		1,452,528
	87,000		Nippo Corp		2,307,318
	77,000		Nippon Konpo Unyu Soko Co Ltd		1,403,241
	7,000		Nippon Road Co Ltd		491,565
	16,000		Nippon Steel Trading Co Ltd		477,058
	186,000		Nishimatsu Construction Co Ltd		3,453,498
	110,000		Nojima Corp		2,757,874
	230,000		Nomura Co Ltd		1,469,992

114

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

SHARES			COMPANY	VALUE
	18,000		Optorun Co Ltd	$	399,711
	26,000		Organo Corp		1,312,804
	258,000		OSJB Holdings Corp		549,709
	1,231,000		Penta-Ocean Construction Co Ltd		6,470,690
	154,000		Pressance Corp		1,691,874
	79,000		Prima Meat Packers Ltd		2,110,514
	50,000		Proto Corp		493,482
	49,000		Raysum Co Ltd		399,902
	593,000		Rengo Co Ltd		4,460,558
	16,000		Sakai Moving Service Co Ltd		683,687
	151,000		Sanki Engineering Co Ltd		1,658,874
	100,000		SBS Holdings, Inc		2,128,468
	28,000		Seria Co Ltd		1,120,303
	38,000		Shiga Bank Ltd		829,865
	75,000		Shinko Plantech Co Ltd		847,363
	23,000		Shinwa Kaiun Kaisha Ltd		313,540
	30,000		Sinko Industries Ltd		396,899
	49,000		Starts Corp, Inc		894,431
	61,000		Strike Co Ltd		2,678,681
	399,000		Sumitomo Forestry Co Ltd		4,460,998
	722,200		Sumitomo Mitsui Construction Co Ltd		2,804,969
	157,000		Sun Frontier Fudousan Co Ltd		1,215,943
	1,361,000	e	Suruga Bank Ltd		4,580,836
	236,000		Sushiro Global Holdings Ltd		5,005,263
	35,000		Taikisha Ltd		983,733
	301,000		Takara Leben Co Ltd		952,007
	147,000		Takasago Thermal Engineering Co Ltd		1,952,698
	69,000		Tamron Co Ltd		1,096,760
	92,000		TechMatrix Corp		1,586,994
	41,000		Toa Corp/Tokyo		599,318
	231,000		Toda Corp		1,481,791
	163,000		Toho Pharmaceutical Co Ltd		2,791,228
	63,000		Tokyo Tatemono Co Ltd		673,343
	197,000		Tosei Corp		1,525,049
	354,000		Toyo Construction Co Ltd		1,231,053
	311,000	e	Toyo Tire & Rubber Co Ltd		4,138,014
	9,000		Trancom Co Ltd		653,217
	90,000		World Co Ltd		1,058,098
	326,000		Yamaguchi Financial Group, Inc		1,924,988
	116,000		Yellow Hat Ltd		1,522,548
	36,000	e	Yokogawa Bridge Holdings Corp		633,221
	107,000		Zenkoku Hosho Co Ltd		3,739,700
	75,000		Zensho Co Ltd		1,357,736
			TOTAL JAPAN		202,804,725
KAZAKHSTAN - 0.4%
	593,000		KAZ Minerals plc		4,134,617
			TOTAL KAZAKHSTAN		4,134,617
KOREA, REPUBLIC OF - 4.6%
	41,000		Daewoong Co Ltd		884,663
	177,000		Dongbu HiTek Co Ltd		5,113,465
	25,000		Global & Yuasa Battery Co Ltd		622,566
	51,000		Hansol Paper Co Ltd		589,864
	54,000		Hyosung Corp		3,102,329
	4,000		Hyosung TNC Co Ltd		382,028

115

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

SHARES			COMPANY	VALUE
	85,000		Hyundai Wia Corp	$	2,719,726
	221,000		JB Financial Group Co Ltd		854,337
	74,000		KEPCO Plant Service & Engineering Co Ltd		1,829,002
	90,000		Kginicis Co Ltd		1,796,131
	150,000		LG International Corp		1,906,657
	30,000		Lotte Data Communication Co		842,575
	38,000		LS Industrial Systems Co Ltd		1,713,630
	10,000		Maeil Dairies Co Ltd		623,242
	154,000		Mando Corp		3,574,448
	36,000		NICE Holdings Co Ltd		617,172
	52,000		S&T Daewoo Co Ltd		1,962,527
	213,000	*	Samsung Techwin Co Ltd		4,361,376
	105,000		SK Chemicals Co Ltd		4,275,137
	186,000		Taeyoung Engineering & Construction Co Ltd		2,505,383
	47,000	†	Technosemichem Co Ltd		3,783,196
	12,000		Unid Co Ltd		483,760
			TOTAL KOREA, REPUBLIC OF		44,543,214
MALAYSIA - 0.4%
	3,183,000		Drb-Hicom BHD		1,437,214
	6,264,000		Felda Global Ventures Holdings BHD		1,780,137
	1,443,000		VS Industry BHD		476,583
			TOTAL MALAYSIA		3,693,934
MALTA - 0.0%
	72,000		Unibet Group plc (ADR)		507,013
			TOTAL MALTA		507,013
MEXICO - 0.9%
	483,000	e	Bolsa Mexicana de Valores S.A. de C.V.		974,898
	453,000		Concentradora Fibra Danhos S.A. de C.V.		435,597
	900,000		Corp Inmobiliaria Vesta SAB de C.V.		1,344,237
	2,501,264	*	Gentera SAB de C.V.		873,279
	704,000	g	Mexico Real Estate Management S.A. de C.V.		810,763
	560,000		PLA Administradora Industrial S de RL de C.V.		693,992
	773,000	e	Qualitas Controladora SAB de C.V.		3,122,913
	390,000	*,e	Regional SAB de C.V.		1,009,391
			TOTAL MEXICO		9,265,070
NETHERLANDS - 3.5%
	83,000	e	Arcadis NV		1,704,698
	15,000	*	Argenx SE		3,461,274
	88,000		ASM International NV		13,461,207
	91,000	*,g	Basic-Fit NV		2,368,436
	10,000	g	Euronext NV		1,155,177
	64,000	*,e	OCI NV		762,583
	290,000	g	Signify NV		8,700,942
	999,000		TNT NV		2,450,289
			TOTAL NETHERLANDS		34,064,606
NEW ZEALAND - 0.1%
	1,139,000		Precinct Properties New Zealand Ltd		1,298,776
			TOTAL NEW ZEALAND		1,298,776

116

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

SHARES			COMPANY	VALUE
NORWAY - 1.1%
	486,000		BW Offshore Ltd	$	1,692,610
	282,000	g	Europris ASA		1,386,356
	199,000		Frontline Ltd (Sigmax MTF)		1,604,926
	531,000		Golden Ocean Group Ltd		2,060,856
	64,000		Kongsberg Gruppen ASA		971,216
	138,000		Norwegian Finans Holding ASA		1,030,920
	118,000	g	Skandiabanken ASA		851,202
	130,000		Sparebanken Nord-Norge		898,337
			TOTAL NORWAY		10,496,423
PAKISTAN - 0.1%
	476,000		Engro Chemical Pakistan Ltd		891,614
	682,000		Fauji Fertilizer Co Ltd		453,401
			TOTAL PAKISTAN		1,345,015
PERU - 0.2%
	502,000		HudBay Minerals, Inc		1,577,827
			TOTAL PERU		1,577,827
POLAND - 0.4%
	35,000		Asseco Poland S.A.		599,297
	440,000	g	PLAY Communications S.A.		3,794,091
			TOTAL POLAND		4,393,388
PORTUGAL - 0.6%
	698,000		PT Multimedia Servicos de Telecomunicacoes e Multimedia SGPS S.A.		3,084,667
	641,000		Redes Energeticas Nacionais S.A.		1,843,969
	937,000		Sonae SPGS S.A.		655,043
			TOTAL PORTUGAL		5,583,679
QATAR - 0.1%
	119,000		Al Meera Consumer Goods Co		624,906
			TOTAL QATAR		624,906
SAUDI ARABIA - 1.4%
	50,000		Aldrees Petroleum and Transport Services Co		786,129
	138,000		Arabian Cement Co		1,096,312
	360,000	*	City Cement Co		1,666,439
	78,000		Dur Hospitality Co		544,902
	64,000		Eastern Province Cement Co		585,547
	975,000	*	Najran Cement Co		3,087,745
	58,000		Qassim Cement Co		1,033,624
	105,000	*	Saudi Ceramic Co		1,058,970
	16,000		Saudia Dairy & Foodstuff Co		751,552
	360,000		Yamama Cement Co		2,299,909
	73,000		Yanbu Cement Co		608,941
			TOTAL SAUDI ARABIA		13,520,070
SINGAPORE - 1.2%
	560,000	g	BW LPG Ltd		2,318,529
	67,000		China Yuchai International Ltd		885,740
	5,902,000		Frasers Logistics & Industrial Trust		5,842,585
	1,107,000		Japfa Ltd		533,542
	1,419,000		Sheng Siong Group Ltd		1,759,081
			TOTAL SINGAPORE		11,339,477

117

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

SHARES			COMPANY	VALUE
SOUTH AFRICA - 1.0%
	1,466,000	*	Harmony Gold Mining Co Ltd	$	9,469,135
			TOTAL SOUTH AFRICA		9,469,135
SPAIN - 1.8%
	76,000		Cia de Distribucion Integral Logista Holdings SAU		1,419,002
	14,000		Corp Financiera Alba		574,815
	6,847,000	*,e	Distribuidora Internacional de Alimentacion S.A.		901,715
	63,000	g	Euskaltel S.A.		586,516
	311,656		Faes Farma S.A. (Sigma)		1,311,666
	225,000	e,g	Global Dominion Access S.A.		736,435
	28,000		Grupo Catalana Occidente S.A.		661,112
	111,000	*	Masmovil Ibercom S.A.		2,967,620
	905,000	*	Mediaset Espana Comunicacion SA		2,960,248
	10,166		Pharma Mar S.A.		1,078,735
	86,000	*	Tecnicas Reunidas S.A.		1,080,255
	44,000		Viscofan S.A.		3,226,407
			TOTAL SPAIN		17,504,526
SWEDEN - 4.7%
	221,000		Arjo AB		1,364,213
	100,000	*,g	Attendo AB		523,227
	167,000		Avanza Bank Holding AB		3,256,329
	191,000		Axfood AB		4,298,110
	231,000		Betsson AB		1,741,756
	101,000		Bilia AB		977,276
	156,000	*	Biovitrum AB		3,278,275
	25,000		Castellum AB		537,663
	111,000		Clas Ohlson AB (B Shares)		1,249,251
	357,000	*,e	Collector AB		570,808
	65,000	*	Embracer Group AB		1,044,736
	315,000		Getinge AB (B Shares)		7,608,695
	65,000		Hexpol AB		432,483
	116,000		Inwido AB		1,086,885
	245,000	g	LeoVegas AB		1,139,145
	104,000		Lindab International AB		1,625,359
	190,000		NCC AB (B Shares)		3,299,817
	178,000	*,g	Nobina AB		1,121,161
	30,000		Nolato AB (B Shares)		2,494,138
	152,000	*	Nyfosa AB		1,137,682
	42,000		Paradox Interactive AB		1,052,898
	397,000		Ratos AB (B Shares)		1,420,607
	187,600	e	Recipharm AB (B Shares)		3,017,255
	74,000		Wihlborgs Fastigheter AB		1,247,053
			TOTAL SWEDEN		45,524,822
SWITZERLAND - 3.5%
	100		Belimo Holding AG.		794,416
	3,000		Bell AG.		767,591
	5,000		Burckhardt Compression Holding AG.		1,256,238
	58,000		Cembra Money Bank AG.		6,332,698
	2,000		Emmi AG.		1,806,356
	98,000	g	Galenica AG.		7,255,714
	1,000		Gurit Holding AG.		1,784,383
	24,000		Implenia AG.		1,055,644

118

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

SHARES			COMPANY	VALUE
	33,000		PSP Swiss Property AG.	$	3,665,933
	9,000		Sulzer AG.		746,292
	70,000	g	Sunrise Communications Group AG.		6,529,020
	25,000	*	Vetropack Holding AG.		1,385,927
	19,000		Zehnder Group AG.		834,659
			TOTAL SWITZERLAND		34,214,871
TAIWAN - 5.9%
	3,135,000		Benq Corp		1,789,867
	1,491,000		Cheng Loong Corp		1,181,462
	1,300,000		Cheng Uei Precision Industry Co Ltd		1,766,504
	364,000		Chicony Power Technology Co Ltd		840,731
	332,000		Chong Hong Construction Co		1,014,533
	3,132,000		Compeq Manufacturing Co		5,191,772
	848,000		Everlight Electronics Co Ltd		1,053,551
	1,223,506		Hannstar Board Corp		1,746,408
	918,000		Kindom Construction Co		1,110,214
	1,343,000		King’s Town Bank		1,645,133
	606,000		Mercuries & Associates Holding Ltd		610,532
	1,455,000		Radiant Opto-Electronics Corp		6,220,715
	1,607,000		Shinkong Synthetic Fibers Corp		611,649
	785,000		Simplo Technology Co Ltd		8,725,252
	1,014,000		Supreme Electronics Co Ltd		1,027,516
	355,000		Systex Corp		982,171
	534,000		Taiwan Hon Chuan Enterprise Co Ltd		975,313
	1,129,000		Taiwan Styrene Monomer		569,044
	1,259,000		Taiwan Surface Mounting Technology Co Ltd		5,791,200
	275,000		Topco Scientific Co Ltd		1,089,464
	1,940,000	*	TPK Holding Co Ltd		3,442,534
	1,177,000		Tripod Technology Corp		5,109,192
	761,000		Unimicron Technology Corp		1,671,809
	1,414,944		USI Corp		555,445
	909,000		WT Microelectronics Co Ltd		1,302,988
	2,031,000		Yuen Foong Yu Paper Manufacturing Co Ltd		947,993
			TOTAL TAIWAN		56,972,992
THAILAND - 0.3%
	2,282,000		Thanachart Capital PCL		2,549,704
			TOTAL THAILAND		2,549,704
TURKEY - 1.0%
	112,000		Coca-Cola Icecek AS		720,322
	8,055,111		Dogan Sirketler Grubu Holdings		2,433,261
	945,000	*	Koza Anadolu Metal Madencilik Isletmeleri AS		1,931,683
	155,000	*	Migros Ticaret AS		998,418
	513,000	*	Sok Marketler Ticaret AS.		994,726
	15,780,000	*	Turkiye Sinai Kalkinma Bankasi AS		2,549,893
			TOTAL TURKEY		9,628,303
UNITED ARAB EMIRATES - 0.0%
	98,000	g	Network International Holdings plc		517,271
			TOTAL UNITED ARAB EMIRATES		517,271
UNITED KINGDOM - 11.2%
	104,000		Abcam plc		1,749,347

119

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

SHARES			COMPANY	VALUE
	241,000		Ashmore Group plc	$	1,232,879
	3,361,000		Assura Group Ltd		3,465,340
	1,286,000	g	Avast plc		9,642,066
	114,000		Beazley plc		621,006
	70,000		Bellway plc		2,318,053
	129,000		Big Yellow Group plc		1,719,955
	47,000	*	Blue Prism Group plc		712,172
	292,000	*	boohoo.com plc		987,948
	278,000		Brewin Dolphin Holdings plc		951,443
	586,000	*	Cairn Energy plc		911,546
	185,000	g	CMC Markets plc		777,350
	56,000		Computacenter plc		1,446,529
	1,618,000	g	ConvaTec Group plc		4,300,098
	502,000	g	Countryside Properties plc		1,853,328
	772,000	*	CYBG plc		875,426
	45,000		Derwent London plc		1,693,015
	198,000	*	Dialog Semiconductor plc		9,281,236
	639,000		Empiric Student Property plc		540,000
	88,000		Fevertree Drinks plc		2,507,689
	323,000	g	Forterra plc		650,812
	39,000		Games Workshop Group plc		4,476,383
	805,000		GCP Student Living plc		1,308,993
	21,000		Genus plc		937,177
	55,000		Go-Ahead Group plc		450,534
	149,000		Grainger plc		565,048
	612,000		Halfords Group plc		1,169,618
	183,000		HomeServe plc		3,168,077
	588,000		Howden Joinery Group plc		3,752,296
	186,000		IG Group Holdings plc		1,777,717
	810,000	*	Indivior plc		1,465,584
	263,000		Marshalls plc		2,039,346
	416,000		National Express Group plc		827,724
	336,000	*	Ninety One plc		945,950
	498,000		OneSavings Bank plc		1,539,564
	532,000		Paragon Group of Cos plc		2,180,953
	592,000		Pennon Group plc		8,180,250
	614,000	g	Quilter plc		1,168,691
	1,125,000	g	Regional REIT Ltd		977,902
	1,162,000		Rightmove plc		8,385,966
	402,000		Safestore Holdings plc		4,041,003
	60,000		Savills plc		588,823
	70,000		Smart Metering Systems plc		568,106
	578,000		Spirent Communications plc		2,116,219
	308,000	*	Sports Direct International plc		1,003,476
	532,000		Unite Group plc		6,529,418
	362,000		Warehouse REIT plc		521,244
			TOTAL UNITED KINGDOM		108,923,300
UNITED STATES - 0.3%
	1,056,000		Diversified Gas & Oil plc		1,320,925
	6,000	e	iShares MSCI EAFE Small-Cap ETF		330,360
	2,500	e	iShares MSCI Emerging Markets Small-Cap ETF		105,987
	45,000	*,e	UroGen Pharma Ltd		994,050
			TOTAL UNITED STATES		2,751,322
			TOTAL COMMON STOCKS		961,215,671
			(Cost $898,310,458)

120

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

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 2.8%
REPURCHASE AGREEMENT - 0.4%
$	4,415,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20	$	4,415,000
			TOTAL REPURCHASE AGREEMENT						4,415,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.4%
	23,127,652	c	State Street Navigator Securities Lending Government Money Market Portfolio						23,127,652
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						23,127,652
			TOTAL SHORT-TERM INVESTMENTS						27,542,652
			(Cost $27,542,652)
			TOTAL INVESTMENTS - 101.6%						988,758,323
			(Cost $925,853,110)
			OTHER ASSETS & LIABILITIES, NET - (1.6)%						(15,452,902	)
			NET ASSETS - 100.0%					$	973,305,421
			Abbreviation(s):
	ADR		American Depositary Receipt
	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.
	e		All or a portion of these securities are out on loan. The aggregate value of securities on loan is $42,813,922.
	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 7/31/2020, the aggregate value of these securities is $67,486,431 or 6.9% of net assets.
	r		Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $4,415,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $4,503,351.

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)

July 31, 2020

				% OF
SECTOR	VALUE			NET ASSETS
INDUSTRIALS	$	173,404,462			17.8	%
INFORMATION TECHNOLOGY		134,060,142			13.8
CONSUMER DISCRETIONARY		118,649,866			12.2
MATERIALS		111,798,773			11.5
REAL ESTATE		88,987,763			9.1
HEALTH CARE		82,748,796			8.5
FINANCIALS		81,401,632			8.4
CONSUMER STAPLES		59,736,256			6.1
COMMUNICATION SERVICES		48,757,822			5.0
UTILITIES		35,636,683			3.7
ENERGY		26,033,476			2.7
SHORT-TERM INVESTMENTS		27,542,652			2.8
OTHER ASSETS & LIABILITIES, NET		(15,452,902	)		(1.6	)
NET ASSETS	$	973,305,421			100.0	%

122

TIAA-CREF FUNDS - Social Choice International Equity Fund

TIAA-CREF FUNDS

SOCIAL CHOICE INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.7%
AUSTRALIA - 6.7%
	225,171	*	AMP Ltd	$	234,291
	8,425		Ampol Ltd		157,927
	44,592		APA Group		349,319
	15,890		AusNet Services		20,303
	138,256		Australia & New Zealand Banking Group Ltd		1,755,947
	8,834		Australian Stock Exchange Ltd		520,505
	52,480		BlueScope Steel Ltd		419,703
	37,724		Brambles Ltd		291,258
	15,230		Coca-Cola Amatil Ltd		88,890
	3,260		Cochlear Ltd		444,872
	24,361		Coles Group Ltd		315,833
	79,921		Commonwealth Bank of Australia		4,065,968
	8,958		Computershare Ltd		85,736
	22,633		CSL Ltd		4,402,178
	714		Dexus Property Group		4,334
	101,649		Evolution Mining Ltd		434,245
	169,628		Fortescue Metals Group Ltd		2,111,395
	114,345		Goodman Group		1,390,275
	34,744		GPT Group		96,145
	24,681		Insurance Australia Group Ltd		89,854
	12,102		Lend Lease Corp Ltd		98,311
	24,962		Macquarie Group Ltd		2,193,709
	8,807		Mirvac Group		13,106
	217,639		National Australia Bank Ltd		2,717,022
	74,117		Newcrest Mining Ltd		1,888,190
	2,654		Orica Ltd		32,875
	10,912		QR National Ltd		34,798
	24,861		Ramsay Health Care Ltd		1,098,834
	19,893		Santos Ltd		74,306
	30,145		Seek Ltd		463,647
	35,970		Sonic Healthcare Ltd		823,519
	83,257		Stockland Trust Group		188,170
	37,421		Sydney Airport		140,154
	229,577		Transurban Group		2,270,863
	176,844		Westpac Banking Corp		2,123,678
	30,578		Wisetech Global Ltd		449,544
	14,348		Woodside Petroleum Ltd		204,117
			TOTAL AUSTRALIA		32,093,821
AUSTRIA - 0.4%
	22,562	*	Erste Bank der Oesterreichischen Sparkassen AG.		505,011
	30,639	*	OMV AG.		967,635
	16,549		Voestalpine AG.		365,413
			TOTAL AUSTRIA		1,838,059

123

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
BELGIUM - 1.0%
	17,301		KBC Groep NV	$	986,440
	3,149		Solvay S.A.		244,404
	14,875		UCB S.A.		1,911,315
	30,559		Umicore S.A.		1,443,213
			TOTAL BELGIUM		4,585,372
DENMARK - 2.4%
	3,923		Christian Hansen Holding		447,663
	7,347		Coloplast AS		1,254,113
	10,861		GN Store Nord		667,897
	14,876		H Lundbeck AS		542,380
	81,941		Novo Nordisk AS		5,376,359
	2,296		Novozymes AS		137,345
	16,287	g	Orsted AS		2,321,304
	4,056		Pandora AS		257,967
	798		Tryg A.S.		23,482
	8,674		Vestas Wind Systems AS		1,111,876
			TOTAL DENMARK		12,140,386
FINLAND - 0.8%
	3,543		Elisa Oyj (Series A)		210,130
	37,692		Neste Oil Oyj		1,731,252
	12,657		Orion Oyj (Class B)		552,213
	28,559		Stora Enso Oyj (R Shares)		358,179
	24,422		UPM-Kymmene Oyj		651,913
	50,005		Wartsila Oyj (B Shares)		418,235
			TOTAL FINLAND		3,921,922
FRANCE - 10.6%
	13,227		Accor S.A.		332,956
	18,514		Air Liquide		3,045,187
	12,618	g	Amundi S.A.		960,008
	14,073		Atos Origin S.A.		1,203,370
	117,479	e	AXA S.A.		2,357,062
	12,778		Bouygues S.A.		451,403
	12,800		Cap Gemini S.A.		1,660,088
	32,161		Carrefour S.A.		511,132
	7,989	*,e	Casino Guichard Perrachon S.A.		221,447
	36,636		CNP Assurances		444,977
	37,742		Compagnie de Saint-Gobain		1,396,267
	37,039		Danone		2,479,141
	16,146		Essilor International S.A.		2,150,566
	6,274		Eurazeo		328,371
	3,247		Fonciere Des Regions		233,355
	2,258		Gecina S.A.		292,913
	37,510		Getlink S.E.		564,355
	4,285		JC Decaux S.A.		72,482
	4,643		Kering		2,631,124
	21,732		Klepierre		376,371
	15,519		Legrand S.A.		1,200,523
	12,816		L’Oreal S.A.		4,301,407
	6,452		Michelin (C.G.D.E.) (Class B)		668,208
	201,887		Natixis		493,814

124

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	136,990		Orange S. A.	$	1,605,643
	99,629		Peugeot S.A.		1,601,508
	33,362		Renault S.A.		792,856
	52,262		Sanofi-Aventis		5,487,359
	29,919		Schneider Electric S.A.		3,430,617
	2,120		SEB S.A.		350,058
	32,503		Societe Generale		500,394
	2,559		Teleperformance		748,931
	122,488		Total S.A.		4,635,399
	863		Unibail-Rodamco-Westfield		45,268
	17,372		Unibail-Rodamco-Westfield		911,029
	10,101		Valeo S.A.		259,216
	3,179		Wendel		298,368
			TOTAL FRANCE		49,043,173
GERMANY - 9.5%
	8,440		Adidas-Salomon AG.		2,327,560
	20,683		Allianz AG.		4,291,190
	46,905		BASF SE		2,587,564
	32,574		Bayerische Motoren Werke AG.		2,083,122
	6,414		Beiersdorf AG.		765,867
	5,905		Brenntag AG.		364,415
	11,770	*,g	Delivery Hero AG.		1,351,095
	8,918		Deutsche Boerse AG.		1,622,575
	54,019		Deutsche Post AG.		2,192,640
	28,770		Deutsche Wohnen AG.		1,399,846
	6,131		Fraport AG. Frankfurt Airport Services Worldwide		239,672
	22,418		HeidelbergCement AG.		1,244,096
	18,582		Henkel KGaA		1,614,610
	8,421		Henkel KGaA (Preference)		827,994
	5,170		Hochtief AG.		422,129
	3,428		LEG Immobilien AG.		477,988
	15,069		Merck KGaA		1,925,905
	10,854		Metro Wholesale & Food Specialist AG.		99,025
	8,940		MTU Aero Engines Holding AG.		1,550,083
	7,625		Muenchener Rueckver AG.		2,021,185
	5,018		Puma AG. Rudolf Dassler Sport		390,590
	44,678		SAP AG.		7,052,572
	4,457		Sartorius AG.		1,714,883
	36,939		Siemens AG.		4,707,358
	133,634		Telefonica Deutschland Holding AG.		364,628
	5,812	*,g	Zalando SE		419,570
			TOTAL GERMANY		44,058,162
HONG KONG - 3.2%
	63,800		ASM Pacific Technology		720,127
	578,017		BOC Hong Kong Holdings Ltd		1,611,544
	197,500		CLP Holdings Ltd		1,867,500
	106,681		Hang Seng Bank Ltd		1,678,577
	1,263,039		Hong Kong & China Gas Ltd		1,809,720
	70,138		Hong Kong Exchanges and Clearing Ltd		3,339,490
	236,130		Link REIT		1,832,150
	312,731		MTR Corp		1,554,161
	106,468		Swire Pacific Ltd (Class A)		524,265

125

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	249,800		Swire Properties Ltd	$	577,286
			TOTAL HONG KONG		15,514,820
IRELAND - 0.9%
	60,407		CRH plc		2,199,329
	15,273		Kerry Group plc (Class A)		2,022,855
			TOTAL IRELAND		4,222,184
ISRAEL - 0.3%
	236,110		Bank Hapoalim Ltd		1,424,674
			TOTAL ISRAEL		1,424,674
ITALY - 2.1%
	93,459		Assicurazioni Generali S.p.A.		1,403,352
	429,111		Enel S.p.A.		3,930,883
	227,316		ENI S.p.A.		2,024,887
	1,163,082		Intesa Sanpaolo S.p.A.		2,370,762
	80,566	g	Pirelli & C S.p.A		319,066
			TOTAL ITALY		10,048,950
JAPAN - 24.3%
	52,900		Aeon Co Ltd		1,250,744
	60,200		Ajinomoto Co, Inc		1,087,188
	37,037		Alfresa Holdings Corp		758,419
	22,714		All Nippon Airways Co Ltd		470,279
	121,000		Asahi Kasei Corp		870,367
	150,600		Astellas Pharma, Inc		2,349,053
	5,100		Benesse Holdings, Inc		133,008
	1,200		Calbee, Inc		38,133
	2,900	*	Casio Computer Co Ltd		46,349
	14,281		Central Japan Railway Co		1,732,420
	50,565		Chugai Pharmaceutical Co Ltd		2,282,971
	8,427		Dai Nippon Printing Co Ltd		183,083
	6,800		Daifuku Co Ltd		619,658
	9,775		Daikin Industries Ltd		1,719,877
	44,349		Daiwa House Industry Co Ltd		978,659
	32,059		Denso Corp		1,185,946
	25,232		East Japan Railway Co		1,454,490
	17,548		Eisai Co Ltd		1,416,239
	1,900		Fast Retailing Co Ltd		1,010,423
	16,772		Fujitsu Ltd		2,245,690
	10,616		Hankyu Hanshin Holdings, Inc		304,043
	6,011		Hino Motors Ltd		34,661
	6,800	*	Hitachi Construction Machinery Co Ltd		197,051
	24,563		Hitachi Metals Ltd		320,626
	110,061		Honda Motor Co Ltd		2,683,271
	63,441		Hulic Co Ltd		545,317
	100,450		Inpex Holdings, Inc		573,370
	50,600		Kajima Corp		555,843
	2,900		Kansai Paint Co Ltd		55,579
	30,100		Kao Corp		2,183,574
	30,300		Kawasaki Heavy Industries Ltd		413,190
	101,896		KDDI Corp		3,240,032
	1,500		Keio Corp		74,901

126

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	9,546		Keyence Corp	$	4,025,422
	24,200		Kikkoman Corp		1,135,752
	3,165		Kintetsu Corp		123,315
	3,200		Kobayashi Pharmaceutical Co Ltd		284,404
	9,000		Kobe Bussan Co Ltd		558,573
	50,900		Komatsu Ltd		1,000,027
	4,700		Kose Corp		476,044
	41,372		Kubota Corp		589,136
	5,300		Kuraray Co Ltd		51,895
	63,510		Kyushu Electric Power Co, Inc		533,382
	2,400		Kyushu Railway Co		47,412
	3,200	e	Lawson, Inc		159,350
	12,000		Lion Corp		311,910
	1,600		Marui Co Ltd		23,265
	15,100		MEIJI Holdings Co Ltd		1,185,719
	114,879		Mitsubishi Chemical Holdings Corp		617,224
	112,479		Mitsubishi Corp		2,266,427
	63,526		Mitsubishi Estate Co Ltd		912,569
	23,400		Mitsubishi Materials Corp		478,400
	86,000		Mitsubishi UFJ Lease & Finance Co Ltd		365,059
	3,900		Mitsui Chemicals, Inc		74,223
	80,900		Mitsui Fudosan Co Ltd		1,264,788
	17,600		Mitsui Sumitomo Insurance Group Holdings, Inc		442,253
	4,500		Miura Co Ltd		171,105
	27,800		Murata Manufacturing Co Ltd		1,785,612
	4,500		Nabtesco Corp		136,907
	30,601		NEC Corp		1,714,437
	5,600		NGK Insulators Ltd		69,596
	5,900		NGK Spark Plug Co Ltd		79,346
	38,200		Nikon Corp		267,072
	6,504		Nintendo Co Ltd		2,860,525
	4,000		Nippon Express Co Ltd		190,156
	7,600		Nippon Paint Co Ltd		519,697
	130		Nippon ProLogis REIT, Inc		448,759
	168,054		Nippon Steel Corp		1,377,937
	21,400		Nippon Yusen Kabushiki Kaisha		278,456
	5,313		Nissin Food Products Co Ltd		479,928
	1,562		Nitori Co Ltd		341,978
	17,700		Nitto Denko Corp		1,003,244
	19,800		NKSJ Holdings, Inc		652,493
	10,800		Nomura Real Estate Holdings, Inc		178,554
	166		Nomura Real Estate Master Fund, Inc		205,868
	58,600		Nomura Research Institute Ltd		1,546,654
	74,812		NTT DoCoMo, Inc		2,059,658
	12,285		Obayashi Corp		109,685
	2,121		Odakyu Electric Railway Co Ltd		44,386
	12,600		Omron Corp		907,575
	62,500		Ono Pharmaceutical Co Ltd		1,756,711
	13,082		Oriental Land Co Ltd		1,578,247
	36,100		Osaka Gas Co Ltd		669,355
	8,000		Otsuka Corp		417,114
	148,306		Panasonic Corp		1,284,534
	91,570	*	Rakuten, Inc		841,466
	68,929		Recruit Holdings Co Ltd		2,150,298

127

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	288,800		Resona Holdings, Inc	$	946,765
	46,600		Santen Pharmaceutical Co Ltd		786,257
	11,001		Secom Co Ltd		951,355
	6,224		Sekisui Chemical Co Ltd		84,723
	17,563	e	Sekisui House Ltd		320,766
	3,900		SG Holdings Co Ltd		143,125
	44,508	*	Sharp Corp		439,288
	14,000		Shimadzu Corp		357,270
	13,068		Shimizu Corp		93,679
	14,400		Shin-Etsu Chemical Co Ltd		1,685,357
	28,100		Shionogi & Co Ltd		1,671,695
	31,200		Shiseido Co Ltd		1,738,345
	26,600		Showa Denko KK		551,475
	86,800		Softbank Corp		1,161,923
	400		Sohgo Security Services Co Ltd		18,870
	62,115		Sony Corp		4,826,025
	25,714		Stanley Electric Co Ltd		615,974
	6,700		Sumisho Computer Systems Corp		341,005
	253,100		Sumitomo Chemical Co Ltd		730,350
	38,208		Sumitomo Dainippon Pharma Co Ltd		477,188
	48,371		Sumitomo Metal Mining Co Ltd		1,454,010
	56,700		Sumitomo Mitsui Trust Holdings, Inc		1,455,721
	23,100		Suntory Beverage & Food Ltd		871,938
	14,500		Sysmex Corp		1,115,000
	7,700		T&D Holdings, Inc		63,382
	6,600		TDK Corp		734,823
	2,900		Teijin Ltd		41,881
	2,200	e	Toho Gas Co Ltd		96,006
	30,126		Tokio Marine Holdings, Inc		1,272,069
	8,800		Tokyo Electron Ltd		2,435,112
	38,100		Tokyo Gas Co Ltd		808,943
	8,300		Tokyu Corp		92,370
	29,700		Toray Industries, Inc		128,558
	1,824		Toto Ltd		68,804
	6,000		Toyo Suisan Kaisha Ltd		364,771
	95,595		Toyota Motor Corp		5,674,895
	40,900		Uni-Charm Corp		1,850,021
	4,169		USS Co Ltd		61,809
	2,100		Welcia Holdings Co Ltd		192,433
	4,200		West Japan Railway Co		181,377
	18,800		Yakult Honsha Co Ltd		1,074,517
	13,800		Yamada Denki Co Ltd		59,873
	2,470		Yamaha Corp		113,884
	13,086		Yaskawa Electric Corp		435,075
	15,598		Yokogawa Electric Corp		239,587
			TOTAL JAPAN		114,896,650
LUXEMBOURG - 0.1%
	66,176		Tenaris S.A.		390,013
			TOTAL LUXEMBOURG		390,013
NETHERLANDS - 3.5%
	372,270		Aegon NV		1,090,896
	7,337		Akzo Nobel NV		691,325

128

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	18,287		ASML Holding NV	$	6,501,717
	10,464		DSM NV		1,601,682
	317,414		ING Groep NV		2,213,290
	63,874		Koninklijke KPN NV		168,270
	4,972		Koninklijke Vopak NV		271,461
	28,927	*	Prosus NV		2,815,377
	6,780		Randstad Holdings NV		326,575
	10,753		Wolters Kluwer NV		846,882
			TOTAL NETHERLANDS		16,527,475
NEW ZEALAND - 0.4%
	41,348		Auckland International Airport Ltd		176,260
	41,586		Fisher & Paykel Healthcare Corp		996,168
	61,340		Meridian Energy Ltd		199,157
	50,211		Mighty River Power Ltd		156,103
	74,923		Ryman Healthcare Ltd		665,015
	45,007		Telecom Corp of New Zealand Ltd		147,494
			TOTAL NEW ZEALAND		2,340,197
NORWAY - 1.2%
	126,811		Equinor ASA		1,901,295
	31,457		Mowi ASA		571,295
	279,790		Norsk Hydro ASA		790,330
	118,885		Orkla ASA		1,169,333
	5,539		Schibsted ASA (B Shares)		181,185
	32,928		Telenor ASA		509,027
			TOTAL NORWAY		5,122,465
PORTUGAL - 0.3%
	96,590		Energias de Portugal S.A.		485,470
	101,122		Galp Energia SGPS S.A.		1,058,828
	2,279		Jeronimo Martins SGPS S.A.		38,210
			TOTAL PORTUGAL		1,582,508
SINGAPORE - 1.3%
	203,305		Ascendas REIT		526,248
	34,400		CapitaCommercial Trust		40,565
	534,323		CapitaLand Ltd		1,078,391
	52,700		CapitaMall Trust		72,838
	49,700		City Developments Ltd		297,634
	127,791		DBS Group Holdings Ltd		1,846,024
	16,446		Jardine Cycle & Carriage Ltd		241,142
	135,800	e	Keppel Corp Ltd		534,766
	89,895		Singapore Airlines Ltd		224,248
	36,200		Singapore Exchange Ltd		215,945
	292,625		Singapore Telecommunications Ltd		532,964
	163,800		Singapore Telecommunications Ltd		297,276
	74,300		UOL Group Ltd		359,901
			TOTAL SINGAPORE		6,267,942
SPAIN - 2.5%
	33,613		Amadeus IT Holding S.A.		1,678,474
	507,301		Banco Bilbao Vizcaya Argentaria S.A.		1,579,593

129

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY	VALUE
	73,608		Bankinter S.A.	$	382,702
	497,587		CaixaBank S.A.		1,070,333
	495		Ferrovial S.A.		12,121
	282,073		Iberdrola S.A.		3,645,874
	6,411	*	Iberdrola S.A.-Interim		82,861
	40,734		Industria De Diseno Textil S.A.		1,079,365
	31,612		Naturgy Energy Group S.A.		588,236
	1,014		Red Electrica Corp S.A.		19,768
	209,430		Repsol YPF S.A.		1,651,509
			TOTAL SPAIN		11,790,836
SWEDEN - 3.7%
	44,719		Assa Abloy AB		987,225
	41,908		Atlas Copco AB (A Shares)		1,860,358
	36,609		Atlas Copco AB (B Shares)		1,416,865
	56,892		Boliden AB		1,553,617
	3,728		Electrolux AB (Series B)		70,063
	61,643		Essity AB		2,033,874
	23,325		Hennes & Mauritz AB (B Shares)		363,576
	6,819		Husqvarna AB (B Shares)		65,258
	2,585		ICA Gruppen AB		126,984
	20,326		Kinnevik AB		715,484
	15,109		Lundin Petroleum AB		352,427
	88,811		Sandvik AB		1,659,747
	82,447		Skandinaviska Enskilda Banken AB (Class A)		797,681
	19,911		Skanska AB (B Shares)		401,928
	11,637		SKF AB (B Shares)		215,434
	33,890		Svenska Cellulosa AB (B Shares)		411,588
	126,071		Svenska Handelsbanken AB		1,188,909
	33,046		Tele2 AB (B Shares)		468,833
	72,073		TeliaSonera AB		280,849
	128,586		Volvo AB (B Shares)		2,222,194
			TOTAL SWEDEN		17,192,894
SWITZERLAND - 10.2%
	7,035		Adecco S.A.		332,431
	37,376		Alcon, Inc		2,258,978
	595		Barry Callebaut AG.		1,238,979
	9,228		Clariant AG.		174,415
	41,580		Coca-Cola HBC AG.		1,082,484
	544		Givaudan S.A.		2,253,095
	3,658		Kuehne & Nagel International AG.		630,591
	4,842		Lonza Group AG.		3,027,872
	114,731		Nestle S.A.		13,644,006
	28,275		Roche Holding AG.		9,793,230
	411		SGS S.A.		1,076,350
	9,156		Sika AG.		2,011,867
	6,777	*	Sonova Holdings AG		1,532,307
	21,214		Swiss Re Ltd		1,673,977
	2,365	e	Swisscom AG.		1,257,152
	241,526		UBS Group AG		2,845,364
	8,749		Zurich Insurance Group AG		3,235,404
			TOTAL SWITZERLAND		48,068,502

130

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES		COMPANY	VALUE
UNITED KINGDOM - 12.8%
	159,293	3i Group plc	$	1,833,539
	63,729	Associated British Foods plc		1,459,662
	39,119	AstraZeneca plc		4,321,851
	38,045	AstraZeneca plc (ADR)		2,122,150
	508,686	Aviva plc		1,749,398
	73,304	Barratt Developments plc		486,934
	8,752	Berkeley Group Holdings plc		507,798
	149,216	British Land Co plc		712,074
	1,012,505	BT Group plc		1,301,018
	23,546	Burberry Group plc		383,653
	165,670	CNH Industrial NV		1,125,708
	36,106	Coca-Cola European Partners plc (Class A)		1,486,484
	140,478	Compass Group plc		1,932,865
	23,245	Croda International plc		1,734,875
	7,785	DCC plc		692,247
	164,876	Informa plc		781,774
	34,748	InterContinental Hotels Group plc		1,600,532
	22,639	Intertek Group plc		1,592,179
	211,199	ITV plc		155,742
	291,221	J Sainsbury plc		709,804
	72,765	JD Sports Fashion plc		575,234
	16,714	Johnson Matthey plc		488,060
	190,476	Kingfisher plc		601,921
	120,559	Land Securities Group plc		908,025
	692,371	Legal & General Group plc		1,916,676
	23,960	London Stock Exchange Group plc		2,646,594
	84,431	Mondi plc		1,495,500
	213,146	National Grid plc		2,500,602
	5,815	Next plc		410,434
	151,092	Pearson plc		1,038,183
	167,847	Prudential plc		2,398,661
	127,870	RELX plc		2,691,941
	24,506	Schroders plc		946,444
	95,480	Scottish & Southern Energy plc		1,619,564
	150,231	Segro plc		1,902,562
	343,696	Standard Chartered plc		1,718,435
	286,123	Standard Life Aberdeen plc		931,280
	340,120	Taylor Wimpey plc		524,644
	730,944	Tesco plc		2,062,974
	1,202,343	Vodafone Group plc		1,806,939
	57,369	Vodafone Group plc (ADR)		872,009
	16,399	Whitbread plc		465,628
	458,465	WM Morrison Supermarkets plc		1,112,111
	115,546	WPP plc		856,923
		TOTAL UNITED KINGDOM		59,181,631
UNITED STATES - 0.5%
	23,651	Ferguson plc		2,084,917
		TOTAL UNITED STATES		2,084,917
		TOTAL COMMON STOCKS		464,337,553
		(Cost $452,336,868)

131

TIAA-CREF FUNDS - Social Choice International Equity Fund

SHARES			COMPANY					VALUE
RIGHTS / WARRANTS - 0.0%
PORTUGAL - 0.0%
	96,590		EDP-Energias de Portugal S.A.					$	9,808
			TOTAL PORTUGAL						9,808
			TOTAL RIGHTS / WARRANTS						9,808
			(Cost $0)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 1.1%
REPURCHASE AGREEMENT - 0.7%
$	3,445,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20		3,445,000
			TOTAL REPURCHASE AGREEMENT						3,445,000
TREASURY DEBT - 0.3%
$	1,070,000		United States Treasury Bill		0.093		09/03/20		1,069,915
			TOTAL TREASURY DEBT						1,069,915
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.1%
	469,735	c	State Street Navigator Securities Lending Government Money Market Portfolio						469,735
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						469,735
			TOTAL SHORT-TERM INVESTMENTS						4,984,650
			(Cost $4,984,644)
			TOTAL INVESTMENTS - 99.8%						469,332,011
			(Cost $457,321,512)
			OTHER ASSETS & LIABILITIES, NET - 0.2%						946,074
			NET ASSETS - 100.0%					$	470,278,085
			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 $1,492,560.
	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 7/31/2020, the aggregate value of these securities is $5,371,043 or 1.1% of net assets.
	r		Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $3,445,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $3,513,934.

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

Description	Number of long (short) contracts	Expiration date	Notional amount	Value	Unrealized appreciation (depreciation)
MSCI EAFE Index	46	09/18/20	$4,272,213	$4,171,280	$(100,933)

132

TIAA-CREF FUNDS - Social Choice International Equity Fund

TIAA-CREFFUNDS

SOCIALCHOICEINTERNATIONALEQUITYFUND
SUMMARYOFMARKETVALUESBYSECTOR(unaudited)
July31,2020

SECTOR	VALUE		% OF  NET ASSETS
FINANCIALS	$	78,556,620		16.7	%
HEALTH CARE		63,532,932		13.5
INDUSTRIALS		61,150,334		13.0
CONSUMER STAPLES		55,227,745		11.7
CONSUMER DISCRETIONARY		49,732,027		10.6
MATERIALS		40,777,892		8.7
INFORMATION TECHNOLOGY		36,537,004		7.8
COMMUNICATION SERVICES		22,230,659		4.7
UTILITIES		21,714,158		4.6
REAL ESTATE		18,893,564		4.0
ENERGY		15,994,426		3.4
SHORT-TERM INVESTMENTS		4,984,650		1.1
OTHER ASSETS & LIABILITIES, NET		946,074		0.2
NET ASSETS	$	470,278,085		100.0	%

133

TIAA-CREF FUNDS - Equity Index Fund

TIAA-CREF FUNDS

EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.9%
AUTOMOBILES & COMPONENTS - 1.1%
	73,485	*	Adient plc	$	1,222,790
	92,921	*	American Axle & Manufacturing Holdings, Inc		656,022
	219,512		Aptiv plc		17,067,058
	170,416		BorgWarner, Inc		6,237,226
	40,763		Cooper Tire & Rubber Co		1,266,099
	25,826	*	Cooper-Standard Holding, Inc		276,596
	117,047		Dana Inc		1,337,847
	22,533	*	Dorman Products, Inc		1,842,073
	3,197,019		Ford Motor Co		21,132,296
	33,418	*	Fox Factory Holding Corp		2,974,202
	1,028,914		General Motors Co		25,609,669
	205,537		Gentex Corp		5,547,444
	26,801	*	Gentherm, Inc		1,039,075
	207,955		Goodyear Tire & Rubber Co		1,873,675
	123,184		Harley-Davidson, Inc		3,206,480
	20,503		LCI Industries, Inc		2,579,277
	49,519		Lear Corp		5,465,907
	29,900	*	Modine Manufacturing Co		162,656
	12,624	*	Motorcar Parts of America, Inc		210,126
	16,977		Standard Motor Products, Inc		772,114
	21,060	*	Stoneridge, Inc		436,363
	30,666	*	Tenneco, Inc		227,235
	121,901	*	Tesla, Inc		174,411,075
	45,161		Thor Industries, Inc		5,147,902
	22,736	*	Visteon Corp		1,650,861
	23,336		Winnebago Industries, Inc		1,409,728
	51,577	*,e	Workhorse Group, Inc		800,475
	13,695	*	XPEL, Inc		230,487
			TOTAL AUTOMOBILES & COMPONENTS		284,792,758
BANKS - 3.7%
	322		1st Constitution Bancorp		3,980
	18,937		1st Source Corp		627,193
	3,172		ACNB Corp		65,343
	15,639		Allegiance Bancshares, Inc		381,435
	6,491		Altabancorp		121,706
	479		Amalgamated Bank		5,532
	14,443	*	Amerant Bancorp Inc		192,814
	4,767		American National Bankshares, Inc		104,683
	49,763		Ameris Bancorp		1,148,281
	3,679		Ames National Corp		68,062
	6,995		Arrow Financial Corp		190,964
	124,921		Associated Banc-Corp		1,603,986
	17,088	*	Atlantic Capital Bancshares, Inc		170,880
	68,491		Atlantic Union Bankshares Corp		1,545,842
	47,483	*	Axos Financial, Inc		1,064,094

134

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	54,426		Banc of California, Inc	$	583,447
	15,677		Bancfirst Corp		682,890
	83,646		BancorpSouth Bank		1,750,711
	4,356	e	Bank First Corp		270,987
	6,376,368		Bank of America Corp		158,644,036
	9,389		Bank of Commerce Holdings		70,887
	32,503	e	Bank of Hawaii Corp		1,840,645
	7,005		Bank of Marin Bancorp		220,027
	42,529		Bank of NT Butterfield & Son Ltd		1,107,030
	162		Bank of Princeton		2,914
	102,952		Bank OZK		2,475,996
	107		Bank7 Corp		1,060
	7,624		BankFinancial Corp		55,579
	81,628		BankUnited		1,643,988
	2,718		Bankwell Financial Group, Inc		40,498
	28,715		Banner Corp		1,017,372
	13,685		Bar Harbor Bankshares		272,058
	21,947	*	Baycom Corp		225,615
	8,305	*	BBX Capital Corp		115,606
	5,794		BCB Bancorp, Inc		46,642
	39,308		Berkshire Hills Bancorp, Inc		391,508
	28,512	e	BOK Financial Corp		1,588,118
	67,201		Boston Private Financial Holdings, Inc		395,478
	14,216		Bridge Bancorp, Inc		257,167
	865	*	Bridgewater Bancshares, Inc		8,036
	63,833		Brookline Bancorp, Inc		612,478
	22,997		Bryn Mawr Bank Corp		598,842
	6,258		Business First Bancshares, Inc		85,359
	35,278		Byline Bancorp, Inc		457,203
	1,625		C&F Financial Corp		47,694
	115,645		Cadence BanCorp		903,187
	2,396		Cambridge Bancorp		129,839
	11,832		Camden National Corp		374,956
	197	*	Capital Bancorp, Inc		2,092
	4,674		Capital City Bank Group, Inc		88,011
	112,924		Capitol Federal Financial		1,089,717
	22,415		Capstar Financial Holdings, Inc		227,512
	17,003		Carter Bank & Trust		119,871
	65,605		Cathay General Bancorp		1,586,329
	11,748		CBTX, Inc		185,501
	17,070		Central Pacific Financial Corp		265,609
	5,936		Central Valley Community Bancorp		77,999
	1,697		Century Bancorp, Inc		118,179
	1,519		Chemung Financial Corp		41,028
	74,590		CIT Group, Inc		1,414,972
	1,708,400		Citigroup, Inc		85,437,084
	5,365		Citizens & Northern Corp		94,961
	348,825		Citizens Financial Group, Inc		8,654,348
	14,149		City Holding Co		883,747
	5,944		Civista Bancshares, Inc		78,045
	8,389		CNB Financial Corp		136,992
	318	*	Coastal Financial Corp		4,252
	4,675		Codorus Valley Bancorp, Inc		54,931
	254		Colony Bankcorp Inc		2,710
	56,423		Columbia Banking System, Inc		1,632,317
	54,039	*	Columbia Financial, Inc		650,089

135

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	113,943		Comerica, Inc	$	4,389,084
	83,220		Commerce Bancshares, Inc		4,765,177
	42,165		Community Bank System, Inc		2,370,938
	12,286		Community Bankers Trust Corp		63,396
	2,291		Community Financial Corp		51,593
	14,988		Community Trust Bancorp, Inc		458,783
	41,896		ConnectOne Bancorp, Inc		577,746
	34,327	*	CrossFirst Bankshares, Inc		314,779
	47,035	e	Cullen/Frost Bankers, Inc		3,389,342
	40,518	*	Customers Bancorp, Inc		480,138
	115,167		CVB Financial Corp		2,081,068
	25,699		Dime Community Bancshares		301,835
	29,798		Eagle Bancorp, Inc		896,324
	115,566		East West Bancorp, Inc		4,005,518
	5,411		Enterprise Bancorp, Inc		116,337
	21,373		Enterprise Financial Services Corp		621,099
	11,884	*	Equity Bancshares, Inc		168,040
	252	*	Esquire Financial Holdings, Inc		3,919
	4,168		ESSA Bancorp, Inc		52,517
	88,433		Essent Group Ltd		3,168,554
	2,542		Evans Bancorp, Inc		56,051
	5,387	e	Farmers & Merchants Bancorp, Inc		115,767
	12,585		Farmers National Banc Corp		136,044
	13,310	e	FB Financial Corp		338,207
	7,299		Federal Agricultural Mortgage Corp (FAMC)		434,364
	111	e	Fidelity D&D Bancorp, Inc		5,068
	581,542		Fifth Third Bancorp		11,549,424
	9,344		Financial Institutions, Inc		138,011
	31,164		First Bancorp (NC)		643,848
	202,018		First Bancorp (Puerto Rico)		1,098,978
	15,845		First Bancorp, Inc		319,118
	15,729		First Bancshares, Inc		313,164
	607		First Bank		3,964
	41,049		First Busey Corp		701,938
	3,440		First Business Financial Services, Inc		51,153
	2,779	e	First Capital Inc		148,704
	357		First Choice Bancorp		5,401
	5,389		First Citizens Bancshares, Inc (Class A)		2,295,013
	90,917		First Commonwealth Financial Corp		715,517
	14,950		First Community Bancshares, Inc		292,422
	79,406		First Financial Bancorp		1,104,935
	106,774		First Financial Bankshares, Inc		3,194,678
	16,504		First Financial Corp		551,729
	44,505		First Foundation, Inc		684,042
	2,629		First Guaranty Bancshares, Inc		30,996
	110,210		First Hawaiian, Inc		1,915,450
	433,709		First Horizon National Corp		4,020,482
	3,000		First Internet Bancorp		43,950
	39,148		First Interstate Bancsystem, Inc		1,139,598
	45,398		First Merchants Corp		1,109,073
	5,811		First Mid-Illinois Bancshares, Inc		141,847
	90,274		First Midwest Bancorp, Inc		1,095,475
	5,115		First Northwest Bancorp		52,429
	13,348		First of Long Island Corp		199,019
	140,321		First Republic Bank		15,783,306
	32,395		Flagstar Bancorp, Inc		1,016,555

136

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	23,653		Flushing Financial Corp	$	262,075
	287,364		FNB Corp		2,129,367
	581		FNCB Bancorp Inc		3,248
	15,915		Franklin Financial Network, Inc		420,156
	143		Franklin Financial Services Corp		3,449
	136		FS Bancorp, Inc		5,168
	130,495		Fulton Financial Corp		1,265,802
	413	*	FVCBankcorp, Inc		4,072
	20,622		German American Bancorp, Inc		586,490
	81,336		Glacier Bancorp, Inc		2,871,974
	8,538		Great Southern Bancorp, Inc		307,966
	48,471		Great Western Bancorp, Inc		630,123
	1,634		Greene County Bancorp, Inc		35,180
	4,754		Guaranty Bancshares, Inc		128,833
	70,398		Hancock Whitney Corp		1,341,786
	30,987		Hanmi Financial Corp		286,010
	42,190		HarborOne Northeast Bancorp, Inc		365,365
	200		Hawthorn Bancshares Inc		3,304
	7,463		HBT Financial, Inc		89,705
	32,636		Heartland Financial USA, Inc		1,019,549
	45,275		Heritage Commerce Corp		306,965
	30,142		Heritage Financial Corp		570,136
	68,376		Hilltop Holdings, Inc		1,331,281
	714		Hingham Institution for Savings		125,664
	2,987		Home Bancorp, Inc		69,836
	134,606		Home Bancshares, Inc		2,198,116
	16,139		HomeStreet, Inc		426,715
	8,764		HomeTrust Bancshares, Inc		126,377
	113,788		Hope Bancorp, Inc		959,233
	19,773		Horizon Bancorp		199,905
	4,974	*	Howard Bancorp, Inc		47,303
	823,432		Huntington Bancshares, Inc		7,633,215
	28,161		Independent Bank Corp (MA)		1,816,948
	17,048		Independent Bank Corp (MI)		238,075
	25,566		Independent Bank Group, Inc		1,123,114
	49,414		International Bancshares Corp		1,503,174
	4,463		Investar Holding Corp		59,492
	209,310		Investors Bancorp, Inc		1,699,597
	2,498,849		JPMorgan Chase & Co		241,488,767
	66,278		Kearny Financial Corp		532,875
	805,924		Keycorp		9,679,147
	46,893		Lakeland Bancorp, Inc		477,371
	23,735		Lakeland Financial Corp		1,050,511
	4,763		LCNB Corp		59,633
	6,964	*,e	LendingTree, Inc		2,411,564
	159		Level One Bancorp, Inc		2,571
	27,534		Live Oak Bancshares, Inc		468,353
	650		Luther Burbank Corp		6,221
	105,039		M&T Bank Corp		11,128,882
	13,130		Macatawa Bank Corp		94,536
	315		Mackinac Financial Corp		2,867
	243	*	MainStreet Bancshares Inc		3,142
	9,493		Mercantile Bank Corp		202,106
	9,883		Merchants Bancorp		182,144
	34,432		Meridian Bancorp, Inc		392,697
	36,468		Meta Financial Group, Inc		680,493

137

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	575	e	Metrocity Bankshares, Inc	$	7,751
	9,222	*	Metropolitan Bank Holding Corp		272,787
	295,077		MGIC Investment Corp		2,440,287
	234		Mid Penn Bancorp, Inc		4,498
	10,002		Midland States Bancorp, Inc		140,928
	6,314		MidWestOne Financial Group, Inc		114,157
	166	*	MMA Capital Holdings Inc		4,114
	72,869	*	Mr Cooper Group, Inc		1,189,951
	338		MVB Financial Corp		4,468
	30,919		National Bank Holdings Corp		858,930
	2,956		National Bankshares, Inc		74,137
	40,731		NBT Bancorp, Inc		1,213,377
	374,793		New York Community Bancorp, Inc		3,946,570
	7,733	*	Nicolet Bankshares, Inc		433,203
	57,870	*	NMI Holdings, Inc		898,142
	4,268		Northeast Bank		81,263
	24,676		Northfield Bancorp, Inc		237,136
	3,437		Northrim BanCorp, Inc		79,120
	110,163		Northwest Bancshares, Inc		1,085,106
	3,515		Norwood Financial Corp		85,133
	194	e	Oak Valley Bancorp		2,483
	55,487		OceanFirst Financial Corp		850,061
	40,803		OFG Bancorp		533,703
	2,468		Ohio Valley Banc Corp		48,620
	131,964		Old National Bancorp		1,846,176
	16,270		Old Second Bancorp, Inc		135,366
	521		OP Bancorp		3,241
	10,200		Origin Bancorp, Inc		242,148
	3,740		Orrstown Financial Services, Inc		50,864
	68,985		Pacific Premier Bancorp, Inc		1,449,375
	103,760		PacWest Bancorp		1,896,214
	13,965		Park National Corp		1,197,638
	4,176		Parke Bancorp, Inc		48,817
	451		PCB Bancorp		4,149
	10,634		PCSB Financial Corp		118,250
	369	*	PDL Community Bancorp		3,358
	10,924		Peapack Gladstone Financial Corp		177,843
	3,034		Penns Woods Bancorp, Inc		61,287
	40,449		PennyMac Financial Services, Inc		1,952,069
	2,557		Peoples Bancorp of North Carolina, Inc		42,318
	8,281		Peoples Bancorp, Inc		166,200
	8,670		Peoples Financial Services Corp		311,340
	346,638		People’s United Financial, Inc		3,740,224
	64,649		Pinnacle Financial Partners, Inc		2,561,393
	398	*	Pioneer Bancorp, Inc		3,463
	349,897		PNC Financial Services Group, Inc		37,323,513
	71,176		Popular, Inc		2,641,341
	12,981		Preferred Bank		483,542
	5,869		Premier Financial Bancorp, Inc		62,211
	30,446		Premier Financial Corp		538,285
	129	*	Professional Holding Corp		1,459
	74,820		Prosperity Bancshares, Inc		4,156,999
	5,101		Provident Bancorp Inc		40,043
	201		Provident Financial Holdings, Inc		2,452
	61,876		Provident Financial Services, Inc		844,607
	4,776		Prudential Bancorp, Inc		53,491

138

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	7,152		QCR Holdings, Inc	$	213,702
	166,570		Radian Group, Inc		2,485,224
	8,732		RBB Bancorp		111,770
	4,818		Red River Bancshares Inc		192,913
	786,994		Regions Financial Corp		8,546,755
	15,596		Reliant Bancorp Inc		230,041
	45,940		Renasant Corp		1,067,186
	4,408		Republic Bancorp, Inc (Class A)		133,210
	30,260	*	Republic First Bancorp, Inc		70,506
	18,363		Richmond Mutual Bancorporation, Inc		211,725
	10,846		Riverview Bancorp, Inc		52,929
	35,276		S&T Bancorp, Inc		758,434
	36,981		Sandy Spring Bancorp, Inc		855,001
	277		SB One Bancorp		5,127
	41,676	*	Seacoast Banking Corp of Florida		786,843
	477	*	Select Bancorp, Inc		3,725
	40,685		ServisFirst Bancshares, Inc		1,488,664
	6,930		Shore Bancshares, Inc		64,241
	5,427		Sierra Bancorp		95,407
	43,906		Signature Bank		4,501,682
	15,308	*	Silvergate Capital Corp		209,260
	81,496		Simmons First National Corp (Class A)		1,352,019
	17,120		SmartFinancial, Inc		244,131
	366		South Plains Financial Inc		4,890
	57,128		South State Corp		2,722,721
	2,839	*	Southern First Bancshares, Inc		69,272
	11,382		Southern Missouri Bancorp, Inc		248,241
	5,879		Southern National Bancorp of Virginia, Inc		49,501
	25,943		Southside Bancshares, Inc		718,621
	493	*	Spirit of Texas Bancshares, Inc		5,743
	158,051		Sterling Bancorp		1,778,074
	639		Sterling Bancorp, Inc		1,949
	20,940		Stock Yards Bancorp, Inc		818,545
	6,059		Summit Financial Group, Inc		91,127
	42,985	*	SVB Financial Group		9,640,246
	124,446		Synovus Financial Corp		2,507,587
	124,754		TCF Financial Corp		3,429,487
	3,886		Territorial Bancorp, Inc		85,375
	41,300	*	Texas Capital Bancshares, Inc		1,371,986
	44,543		TFS Financial Corp		644,983
	46,628	*	The Bancorp, Inc		439,702
	3,722		Timberland Bancorp, Inc		62,009
	11,859		Tompkins Financial Corp		765,261
	61,577		Towne Bank		1,086,218
	27,950		Trico Bancshares		782,600
	22,891	*	Tristate Capital Holdings, Inc		303,306
	18,829	*	Triumph Bancorp, Inc		493,320
	1,109,424		Truist Financial Corp		41,559,023
	107,980		Trustco Bank Corp NY		625,204
	57,612		Trustmark Corp		1,297,422
	38,598		UMB Financial Corp		1,922,180
	180,979		Umpqua Holdings Corp		1,963,622
	100,972		United Bankshares, Inc		2,657,583
	62,080		United Community Banks, Inc		1,113,094
	7,421		United Security Bancshares		46,455
	4,323		Unity Bancorp, Inc		54,081

139

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	15,084		Univest Financial Corp	$	230,634
	1,114,960		US Bancorp		41,075,126
	327,497		Valley National Bancorp		2,446,403
	48,346		Veritex Holdings, Inc		808,345
	23,174		Walker & Dunlop, Inc		1,168,201
	66,939		Washington Federal, Inc		1,562,356
	18,629		Washington Trust Bancorp, Inc		621,091
	20,736		Waterstone Financial, Inc		316,846
	75,293		Webster Financial Corp		2,053,240
	3,086,175		Wells Fargo & Co		74,870,606
	54,942		WesBanco, Inc		1,089,500
	8,913		West Bancorporation, Inc		146,262
	21,621		Westamerica Bancorporation		1,305,044
	80,154		Western Alliance Bancorp		2,881,536
	15,237		Western New England Bancorp, Inc		76,794
	42,913		Wintrust Financial Corp		1,836,676
	48,216		WSFS Financial Corp		1,375,602
	134,126		Zions Bancorporation		4,355,071
			TOTAL BANKS		985,864,356
CAPITAL GOODS - 5.7%
	463,680		3M Co		69,769,930
	108,734		A.O. Smith Corp		5,234,455
	34,384	e	Aaon, Inc		2,037,252
	30,332		AAR Corp		522,317
	33,830		Acuity Brands, Inc		3,352,553
	40,409		Advanced Drainage Systems, Inc		1,980,041
	125,360	*	Aecom Technology Corp		4,536,778
	21,031	*	Aegion Corp		324,298
	57,652	*	Aerojet Rocketdyne Holdings, Inc		2,378,145
	17,916	*	Aerovironment, Inc		1,371,470
	49,068		AGCO Corp		3,220,333
	86,797		Air Lease Corp		2,275,817
	7,957		Alamo Group, Inc		820,446
	25,288		Albany International Corp (Class A)		1,215,847
	76,134		Allegion plc		7,572,288
	4,410		Allied Motion Technologies, Inc		166,257
	92,177		Allison Transmission Holdings, Inc		3,443,733
	11,442	*	Alpha Pro Tech Ltd		249,092
	51,464		Altra Industrial Motion Corp		1,761,613
	13,698	*	Ameresco, Inc		379,161
	17,208	*,e	American Superconductor Corp		160,034
	13,665	*	American Woodmark Corp		1,101,672
	190,238		Ametek, Inc		17,739,693
	16,952		Apogee Enterprises, Inc		365,994
	31,414		Applied Industrial Technologies, Inc		1,982,852
	40,965		Arcosa, Inc		1,729,542
	12,291		Argan, Inc		527,284
	41,024		Armstrong World Industries, Inc		2,922,550
	18,674		Astec Industries, Inc		830,806
	13,095	*	Astronics Corp		113,926
	44,928	*	Atkore International Group, Inc		1,198,230
	50,725	*	Axon Enterprise, Inc		4,216,769
	25,393		AZZ, Inc		801,911
	37,717		Barnes Group, Inc		1,390,626
	49,427	*	Beacon Roofing Supply, Inc		1,540,145

140

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	69,267	*	Bloom Energy Corp	$	842,287
	8,755	*	Blue Bird Corp		109,700
	54,876	*	BMC Stock Holdings, Inc		1,404,826
	438,676		Boeing Co		69,310,808
	95,922	*	Builders FirstSource, Inc		2,272,392
	79,803		BWX Technologies, Inc		4,350,860
	14,260		Caesarstone Sdot-Yam Ltd		163,562
	12,974	*	CAI International, Inc		223,283
	44,952		Carlisle Cos, Inc		5,352,884
	711,957		Carrier Global Corp		19,393,709
	446,198		Caterpillar, Inc		59,290,790
	30,033	*	Chart Industries, Inc		2,058,161
	13,995	*	CIRCOR International, Inc		366,949
	81,096	*	Colfax Corp		2,358,272
	13,127		Columbus McKinnon Corp		434,898
	30,309		Comfort Systems USA, Inc		1,506,660
	917	*	Concrete Pumping Holdings Inc		3,430
	26,481	*	Construction Partners Inc		438,261
	27,113	*	Cornerstone Building Brands, Inc		153,731
	43,247		Crane Co		2,446,483
	13,900		CSW Industrials, Inc		928,381
	25,900		Cubic Corp		1,087,800
	120,219		Cummins, Inc		23,233,524
	34,154		Curtiss-Wright Corp		3,043,804
	232,576		Deere & Co		41,005,475
	108,057		Donaldson Co, Inc		5,223,475
	18,206		Douglas Dynamics, Inc		643,582
	119,810		Dover Corp		12,332,043
	6,881	*	Ducommun, Inc		247,372
	10,306	*	DXP Enterprises, Inc		173,965
	25,171	*	Dycom Industries, Inc		1,078,074
	2,940		Eastern Co		47,951
	328,135		Eaton Corp		30,559,213
	44,156		EMCOR Group, Inc		3,024,686
	488,416		Emerson Electric Co		30,286,676
	17,174		Encore Wire Corp		861,963
	46,044	*	Energy Recovery, Inc		349,474
	43,709		Enerpac Tool Group Corp		826,100
	35,655		EnerSys		2,398,155
	12,847		EnPro Industries, Inc		613,187
	23,037		ESCO Technologies, Inc		1,979,800
	2,079	*,e	EVI Industries, Inc		52,557
	73,040	*	Evoqua Water Technologies Corp		1,404,559
	472,294		Fastenal Co		22,216,710
	49,176		Federal Signal Corp		1,520,030
	108,947		Flowserve Corp		3,036,353
	110,711		Fluor Corp		1,128,145
	244,221		Fortive Corp		17,141,872
	114,022		Fortune Brands Home & Security, Inc		8,722,683
	12,756	*	Foundation Building Materials, Inc		175,140
	38,334		Franklin Electric Co, Inc		2,071,953
	173,551	*,e	FuelCell Energy, Inc		387,019
	49,251	*	Gates Industrial Corp plc		519,106
	30,822	e	GATX Corp		1,879,834
	3,397	*	Gencor Industries, Inc		40,662
	49,747	*	Generac Holdings, Inc		7,839,132

141

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	207,974		General Dynamics Corp	$	30,518,105
	7,130,734		General Electric Co		43,283,555
	390	*	General Finance Corp		2,293
	25,555	*	Gibraltar Industries, Inc		1,321,705
	28,818	*	GMS, Inc		675,206
	14,650		Gorman-Rupp Co		443,309
	136,044		Graco, Inc		7,242,983
	47,910		GrafTech International Ltd		290,814
	4,644		Graham Corp		61,115
	41,260	e	Granite Construction, Inc		699,770
	64,887	*	Great Lakes Dredge & Dock Corp		542,455
	26,719	e	Greenbrier Cos, Inc		687,480
	29,179		Griffon Corp		667,324
	23,665		H&E Equipment Services, Inc		416,267
	65,335	*	Harsco Corp		1,042,747
	56,339	*	HC2 Holdings, Inc		152,679
	134,268	*	HD Supply Holdings, Inc		4,712,807
	34,729		HEICO Corp		3,338,151
	63,687		HEICO Corp (Class A)		4,875,240
	24,299		Helios Technologies, Inc		919,231
	22,822	*	Herc Holdings, Inc		765,450
	64,480		Hexcel Corp		2,405,104
	62,361		Hillenbrand, Inc		1,822,812
	579,786		Honeywell International, Inc		86,602,635
	321,666		Howmet Aerospace, Inc		4,754,223
	45,883		Hubbell, Inc		6,192,829
	33,322		Huntington Ingalls		5,788,365
	2,869		Hurco Cos, Inc		79,586
	6,475		Hyster-Yale Materials Handling, Inc		241,582
	61,462		IDEX Corp		10,130,167
	6,203	*	IES Holdings, Inc		147,817
	259,798		Illinois Tool Works, Inc		48,060,032
	282,417	*	Ingersoll Rand, Inc		8,921,553
	11,788		Insteel Industries, Inc		219,728
	74,037		ITT, Inc		4,274,156
	102,612		Jacobs Engineering Group, Inc		8,757,934
	61,359	*	JELD-WEN Holding, Inc		1,202,636
	26,375		John Bean Technologies Corp		2,472,920
	610,358		Johnson Controls International plc		23,486,576
	9,951		Kadant, Inc		1,079,783
	24,437		Kaman Corp		965,017
	67,545		Kennametal, Inc		1,821,013
	88,732	*	Kratos Defense & Security Solutions, Inc		1,598,063
	177,751		L3Harris Technologies, Inc		29,920,826
	2,093	*	Lawson Products, Inc		62,539
	5,752	*	LB Foster Co (Class A)		80,873
	28,972		Lennox International, Inc		7,768,552
	48,556		Lincoln Electric Holdings, Inc		4,388,977
	8,955		Lindsay Corp		868,366
	204,326		Lockheed Martin Corp		77,433,424
	20,306		Luxfer Holdings plc		257,886
	10,430	*	Lydall, Inc		168,966
	27,581	*	Manitowoc Co, Inc		294,013
	215,354		Masco Corp		12,309,635
	18,532	*	Masonite International Corp		1,563,174
	46,307	*,e	Mastec, Inc		1,842,092

142

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	54,176	e	Maxar Technologies, Inc	$	963,791
	44,002	*	Mercury Systems, Inc		3,407,075
	57,426	*	Meritor, Inc		1,306,442
	45,063	*	Middleby Corp		3,742,933
	13,352		Miller Industries, Inc		378,529
	25,495		Moog, Inc (Class A)		1,369,591
	56	*	Morgan Group Holding Co		699
	54,420	*	MRC Global, Inc		323,799
	34,635		MSC Industrial Direct Co (Class A)		2,286,256
	45,799		Mueller Industries, Inc		1,280,540
	131,684		Mueller Water Products, Inc (Class A)		1,332,642
	16,102	*	MYR Group, Inc		590,460
	6,044		National Presto Industries, Inc		516,097
	45,887	*	Navistar International Corp		1,469,761
	60,508		NN, Inc		318,272
	48,255		Nordson Corp		9,343,616
	128,841		Northrop Grumman Corp		41,874,613
	5,472	*	Northwest Pipe Co		135,979
	108,136	*	NOW, Inc		852,112
	8,201	*	NV5 Global Inc		465,325
	128,269		nVent Electric plc		2,329,365
	1,406	e	Omega Flex, Inc		171,181
	55,798		Oshkosh Corp		4,392,419
	334,041		Otis Worldwide Corp		20,957,732
	88,416		Owens Corning, Inc		5,346,516
	277,231		PACCAR, Inc		23,586,813
	18,484		Park Aerospace Corp		199,258
	105,162		Parker-Hannifin Corp		18,815,585
	22,423	*	Parsons Corp		780,993
	18,099		Patrick Industries, Inc		1,157,431
	138,647		Pentair plc		5,941,024
	55,784	*	PGT, Inc		952,233
	249,313	*,e	Plug Power, Inc		1,922,203
	6,645		Powell Industries, Inc		176,425
	1,196		Preformed Line Products Co		58,915
	28,953		Primoris Services Corp		464,117
	22,476	*	Proto Labs, Inc		2,699,817
	20,294		Quanex Building Products Corp		285,131
	115,921		Quanta Services, Inc		4,633,362
	21,813		Raven Industries, Inc		471,379
	1,173,577		Raytheon Technologies Corp		66,518,344
	19,965	*	RBC Bearings, Inc		2,444,115
	34,383		Regal-Beloit Corp		3,162,205
	99,172	*	Resideo Technologies, Inc		1,317,004
	37,787		REV Group, Inc		245,616
	86,825		Rexnord Corp		2,515,320
	94,679		Rockwell Automation, Inc		20,653,277
	85,813		Roper Technologies Inc		37,109,832
	18,319		Rush Enterprises, Inc (Class A)		871,618
	3,125		Rush Enterprises, Inc (Class B)		124,375
	129,208	*	Sensata Technologies Holding plc		4,907,320
	32,715		Shyft Group, Inc		617,659
	36,468		Simpson Manufacturing Co, Inc		3,521,350
	35,119	*	SiteOne Landscape Supply, Inc		4,496,286
	44,031		Snap-On, Inc		6,422,802
	84,507		Spirit Aerosystems Holdings, Inc (Class A)		1,653,802

143

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	35,202	*	SPX Corp	$	1,478,484
	34,096	*	SPX FLOW, Inc		1,366,568
	7,683		Standex International Corp		411,425
	126,310		Stanley Black & Decker, Inc		19,365,849
	17,061	*	Sterling Construction Co, Inc		175,728
	90,323	*	Sunrun, Inc		3,313,951
	11,683		Systemax, Inc		261,816
	29,728	*	Teledyne Technologies, Inc		9,117,578
	15,153		Tennant Co		1,009,493
	49,921		Terex Corp		941,011
	41,471	*	Textainer Group Holdings Ltd		350,015
	186,677		Textron, Inc		6,522,494
	24,056	*	Thermon Group Holdings		325,959
	54,369		Timken Co		2,482,489
	10,789	*	Titan Machinery, Inc		117,222
	88,467		Toro Co		6,312,120
	24,177	*	TPI Composites, Inc		618,448
	195,430		Trane Technologies plc		21,862,754
	232	*	Transcat Inc		6,473
	42,892		TransDigm Group, Inc		18,511,329
	47,337	*	Trex Co, Inc		6,595,464
	34,812	*	Trimas Corp		814,601
	80,425	e	Trinity Industries, Inc		1,570,700
	41,441		Triton International Ltd		1,304,148
	45,415		Triumph Group, Inc		307,914
	40,087	*	Tutor Perini Corp		471,824
	58,960	*	United Rentals, Inc		9,160,615
	124,547	*	Univar Solutions Inc		2,200,745
	17,470		Valmont Industries, Inc		2,117,364
	12,241	*	Vectrus, Inc		538,482
	20,214	*	Veritiv Corp		309,476
	163,323	*	Vertiv Holdings Co		2,368,184
	14,109	*	Vicor Corp		1,149,460
	49,352	*,e	Virgin Galactic Holdings, Inc		1,107,952
	36,289	*	Vivint Solar, Inc		738,118
	36,451		W.W. Grainger, Inc		12,449,110
	42,011	e	Wabash National Corp		478,505
	149,262		Wabtec Corp		9,282,604
	26,606		Watsco, Inc		6,280,878
	23,428		Watts Water Technologies, Inc (Class A)		1,965,375
	123,023	*	Welbilt, Inc		747,980
	35,452	*	WESCO International, Inc		1,378,019
	2,289	*	Willis Lease Finance Corp		44,636
	120,496	*	WillScot Mobile Mini Holdings Corp		1,814,670
	45,076		Woodward Inc		3,377,995
	146,510		Xylem, Inc		10,692,300
			TOTAL CAPITAL GOODS		1,508,138,482
COMMERCIAL & PROFESSIONAL SERVICES - 1.1%
	58,193		ABM Industries, Inc		2,089,129
	35,690	*	Acacia Research (Acacia Technologies)		141,332
	103,094		ACCO Brands Corp		672,173
	88,793	e	ADT, Inc		764,508
	61,357	*	Advanced Disposal Services, Inc		1,850,527
	113,734	*,e,g	API Group Corp		1,584,315
	43,297	*	ASGN Inc		2,964,113

144

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	4,611		Barrett Business Services, Inc	$	242,907
	13,999		BG Staffing, Inc		127,111
	39,719		Brady Corp (Class A)		1,825,882
	37,081	*	BrightView Holdings, Inc		449,422
	42,229		Brink’s Co		1,872,856
	38,494	*	Casella Waste Systems, Inc (Class A)		2,132,953
	249	*,e	Casper Sleep, Inc		2,298
	42,728	*	CBIZ, Inc		1,033,163
	16,964	*	Ceco Environmental Corp		113,659
	15,748	*	Cimpress plc		1,574,800
	72,253		Cintas Corp		21,811,013
	39,289	*	Clean Harbors, Inc		2,341,624
	166,431	*	Copart, Inc		15,519,691
	31,581	*	CoStar Group, Inc		26,836,271
	82,721		Covanta Holding Corp		813,975
	4,778		CRA International, Inc		199,577
	28,535		Deluxe Corp		805,543
	63,454		Emerald Holding, Inc		172,595
	30,888		Ennis, Inc		534,362
	99,914		Equifax, Inc		16,242,020
	43,613		Exponent, Inc		3,666,109
	5,352	*	Forrester Research, Inc		187,909
	6,930	*	Franklin Covey Co		125,364
	31,101	*	FTI Consulting, Inc		3,714,703
	20,563	*	GP Strategies Corp		152,783
	60,182		Healthcare Services Group		1,576,167
	15,967		Heidrick & Struggles International, Inc		323,012
	8,781	*	Heritage-Crystal Clean, Inc		122,319
	47,966		Herman Miller, Inc		1,123,843
	40,039		HNI Corp		1,189,158
	18,730	*	Huron Consulting Group, Inc		893,796
	109,901	*	IAA, Inc		4,764,208
	15,156		ICF International, Inc		1,024,697
	326,020		IHS Markit Ltd		26,319,595
	29,611		Insperity, Inc		1,979,791
	37,263		Interface, Inc		297,359
	106,287		KAR Auction Services, Inc		1,608,122
	19,831		Kelly Services, Inc (Class A)		293,697
	13,585		Kforce, Inc		391,791
	18,935		Kimball International, Inc (Class B)		207,149
	28,443		Knoll, Inc		333,068
	46,339		Korn/Ferry International		1,302,126
	48,265		Manpower, Inc		3,320,149
	8,730	*	Mastech Holdings, Inc		187,695
	25,252		Matthews International Corp (Class A)		545,443
	19,097		McGrath RentCorp		1,108,008
	15,831	*	Mistras Group, Inc		55,883
	29,135	e	MSA Safety, Inc		3,453,372
	288,609		Nielsen NV		4,164,628
	8,365		NL Industries, Inc		30,616
	188,775		Pitney Bowes, Inc		630,508
	70,388	*,e	Precigen, Inc		296,333
	60,878		Quad Graphics, Inc		189,331
	174,587		Republic Services, Inc		15,232,716
	33,636		Resources Connection, Inc		380,087
	91,596		Robert Half International, Inc		4,659,488

145

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	126,337		Rollins, Inc	$	6,620,059
	18,840	*	SP Plus Corp		299,368
	86,165		Steelcase, Inc (Class A)		924,550
	73,673	*	Stericycle, Inc		4,452,428
	41,458	*	Team, Inc		163,759
	44,164		Tetra Tech, Inc		3,915,139
	154,628		TransUnion		13,850,030
	35,080	*	TriNet Group, Inc		2,315,280
	29,202	*	TrueBlue, Inc		450,587
	12,842		Unifirst Corp		2,394,776
	25,222		US Ecology, Inc		874,699
	131,173		Verisk Analytics, Inc		24,753,657
	15,214		Viad Corp		219,994
	56,752	*	Vivint Smart Home, Inc		871,143
	5,082		VSE Corp		142,957
	346,443		Waste Management, Inc		37,970,153
	5,288	*	Willdan Group, Inc		130,402
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		290,917,823
CONSUMER DURABLES & APPAREL - 1.3%
	27,023		Acushnet Holdings Corp		1,028,225
	26,833	*	Beazer Homes USA, Inc		300,261
	66,115		Brunswick Corp		4,428,383
	84,898		Callaway Golf Co		1,617,307
	122,392	*	Capri Holdings Ltd		1,833,432
	35,223		Carter’s, Inc		2,772,755
	7,948	*	Cavco Industries, Inc		1,592,223
	24,242	*	Century Communities, Inc		863,500
	11,571		Clarus Corp		138,621
	24,922		Columbia Sportswear Co		1,890,085
	56,227	*	CROCS, Inc		2,020,798
	22,688	*	Deckers Outdoor Corp		4,747,464
	270,006		DR Horton, Inc		17,863,597
	3,923		Escalade, Inc		60,218
	19,032		Ethan Allen Interiors, Inc		225,339
	58,836	*,e	Fossil Group, Inc		194,747
	124,666		Garmin Ltd		12,290,821
	36,698	*	Genasys, Inc		154,132
	26,354	*	G-III Apparel Group Ltd		260,641
	79,031	*	GoPro, Inc		418,074
	20,899	*	Green Brick Partners, Inc		288,406
	7,328	e	Hamilton Beach Brands Holding Co		111,386
	295,588		Hanesbrands, Inc		4,176,658
	104,880		Hasbro, Inc		7,631,069
	20,889	*	Helen of Troy Ltd		3,932,354
	7,092		Hooker Furniture Corp		151,769
	18,189	*	Installed Building Products, Inc		1,438,932
	22,237	*,e	iRobot Corp		1,616,408
	3,635		Johnson Outdoors, Inc		318,281
	70,942		KB Home		2,386,489
	37,264	e	Kontoor Brands, Inc		713,978
	8,248	*	Lakeland Industries, Inc		195,148
	36,042		La-Z-Boy, Inc		1,025,755
	171	*	Legacy Housing Corp		2,350
	106,296		Leggett & Platt, Inc		4,261,407
	15,430		Lennar Corp (B Shares)		831,214

146

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	221,786		Lennar Corp (Class A)	$	16,046,217
	16,745	*	LGI Homes, Inc		1,910,772
	4,217		Lifetime Brands, Inc		29,730
	7,334	*,e	Lovesac Co		233,075
	93,097	*	Lululemon Athletica, Inc		30,311,452
	23,996	*	M/I Homes, Inc		998,954
	16,508	*	Malibu Boats, Inc		970,340
	7,010		Marine Products Corp		89,938
	11,880	*	MasterCraft Boat Holdings, Inc		245,916
	271,276	*	Mattel, Inc		3,013,876
	41,580		MDC Holdings, Inc		1,864,031
	29,826	*	Meritage Homes Corp		2,958,143
	49,417	*	Mohawk Industries, Inc		3,945,947
	21,509		Movado Group, Inc		207,347
	2,620		Nacco Industries, Inc (Class A)		57,221
	24,386	*	Nautilus, Inc		254,346
	319,396		Newell Brands Inc		5,238,094
	998,301		Nike, Inc (Class B)		97,444,161
	2,744	*	NVR, Inc		10,784,332
	16,947		Oxford Industries, Inc		727,704
	80,092	*	Peloton Interactive, Inc		5,463,876
	47,660		Polaris Inc		4,939,006
	219,194		Pulte Homes, Inc		9,556,858
	7,666	*	Purple Innovation, Inc		186,820
	61,132		PVH Corp		2,974,683
	40,087		Ralph Lauren Corp		2,858,203
	264		Rocky Brands, Inc		6,006
	110,005	*	Skechers U.S.A., Inc (Class A)		3,220,946
	41,482	*	Skyline Champion Corp		1,171,037
	41,551	*	Smith & Wesson Brands, Inc		992,653
	53,843	*	Sonos, Inc		861,488
	73,334		Steven Madden Ltd		1,553,214
	13,669		Sturm Ruger & Co, Inc		1,112,247
	3,287		Superior Uniform Group, Inc		63,275
	237,762		Tapestry, Inc		3,176,500
	102,141	*	Taylor Morrison Home Corp		2,395,206
	36,530	*	Tempur Sealy International, Inc		2,957,104
	99,434		Toll Brothers, Inc		3,798,379
	26,439	*	TopBuild Corp		3,487,833
	100,427	*	TRI Pointe Homes, Inc		1,679,139
	43,673	e	Tupperware Brands Corp		673,874
	11,345	*	Turtle Beach Corp		208,067
	148,547	*	Under Armour, Inc (Class A)		1,562,714
	152,501	*	Under Armour, Inc (Class C)		1,447,235
	14,788	*	Unifi, Inc		176,864
	11,537	*	Universal Electronics, Inc		531,510
	11,472	*	Vera Bradley, Inc		50,305
	267,720		VF Corp		16,159,579
	48,656	*	Vista Outdoor, Inc		834,450
	34,014	*,e	VOXX International Corp (Class A)		221,771
	49,969		Whirlpool Corp		8,150,943
	64,853		Wolverine World Wide, Inc		1,559,066
	56,725	*	YETI Holdings, Inc		2,773,285
			TOTAL CONSUMER DURABLES & APPAREL		347,917,959

147

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 1.8%
	34,312	*,e	Accel Entertainment, Inc	$	274,153
	42,195	*	Adtalem Global Education, Inc		1,448,976
	12,621	*	American Public Education, Inc		367,397
	186,641		ARAMARK Holdings Corp		3,941,858
	2,328	*	Biglari Holdings, Inc (B Shares)		151,157
	18,091		BJ’s Restaurants, Inc		362,905
	61,053		Bloomin’ Brands, Inc		703,331
	277		Bluegreen Vacations Corp		1,994
	73,024		Boyd Gaming Corp		1,728,478
	46,917	*	Bright Horizons Family Solutions		5,031,379
	31,205		Brinker International, Inc		839,102
	68,837	*	Caesars Entertainment, Inc		2,137,389
	385,515	e	Carnival Corp		5,350,948
	14,827		Carriage Services, Inc		327,825
	34,420	*	Carrols Restaurant Group, Inc		211,339
	31,299	*	Century Casinos, Inc		126,135
	37,993	e	Cheesecake Factory		911,832
	98,298	*	Chegg, Inc		7,959,189
	22,814	*	Chipotle Mexican Grill, Inc (Class A)		26,353,820
	26,684	e	Choice Hotels International, Inc		2,242,523
	30,971		Churchill Downs, Inc		4,290,103
	9,829	*	Chuy’s Holdings, Inc		156,379
	4,887		Collectors Universe		185,999
	18,172		Cracker Barrel Old Country Store, Inc		2,007,461
	106,703		Darden Restaurants, Inc		8,098,758
	54,252	e	Dave & Buster’s Entertainment, Inc		669,470
	48,093	*	Del Taco Restaurants, Inc		367,911
	53,108	*	Denny’s Corp		471,865
	9,900	e	Dine Brands Global Inc.		449,757
	31,908		Domino’s Pizza, Inc		12,335,952
	66,410		Dunkin Brands Group, Inc		4,564,359
	13,009	*	El Pollo Loco Holdings, Inc		257,058
	90,650	*	Everi Holdings, Inc		514,892
	144,921		Extended Stay America, Inc		1,653,549
	39,453	*	Fiesta Restaurant Group, Inc		255,655
	15,772	e	Franchise Group, Inc		386,414
	70,674	*	frontdoor, Inc		2,967,955
	10,358	*	Golden Entertainment, Inc		88,561
	3,524		Graham Holdings Co		1,403,856
	40,040	*	Grand Canyon Education, Inc		3,553,150
	163,755		H&R Block, Inc		2,374,448
	72,764	*	Hilton Grand Vacations, Inc		1,477,109
	225,597		Hilton Worldwide Holdings, Inc		16,931,055
	86,270	*	Houghton Mifflin Harcourt Co		255,359
	28,561		Hyatt Hotels Corp		1,370,928
	64,295	e	International Game Technology plc		633,949
	18,395	e	Jack in the Box, Inc		1,510,413
	32,869	*	K12, Inc		1,505,072
	6,687	*,e	Kura Sushi USA, Inc		69,478
	272,244		Las Vegas Sands Corp		11,880,728
	95,935	*	Laureate Education, Inc		1,216,456
	31,650	*	Lindblad Expeditions Holdings, Inc		229,463
	220,113		Marriott International, Inc (Class A)		18,450,972
	33,014		Marriott Vacations Worldwide Corp		2,794,965
	614,718		McDonald’s Corp		119,427,413
	385,632		MGM Resorts International		6,204,819

148

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	6,412	*	Monarch Casino & Resort, Inc	$	232,050
	1,621		Nathan’s Famous, Inc		82,558
	11,003	*	Noodles & Co		76,471
	209,763	*,e	Norwegian Cruise Line Holdings Ltd		2,861,167
	33,948	e	OneSpaWorld Holdings Ltd		188,751
	26,376		Papa John’s International, Inc		2,497,016
	109,017	*,e	Penn National Gaming, Inc		3,690,225
	55,150	*	Perdoceo Education Corp		794,160
	65,092	*	Planet Fitness, Inc		3,397,802
	68,459	*	PlayAGS, Inc		231,391
	17,331		RCI Hospitality Holdings, Inc		209,358
	20,209	*,e	Red Robin Gourmet Burgers, Inc		176,627
	50,028		Red Rock Resorts, Inc		548,307
	28,763	*,e	Regis Corp		220,900
	143,358	e	Royal Caribbean Cruises Ltd		6,982,968
	10,394		Ruth’s Hospitality Group Inc		69,588
	46,725	*	Scientific Games Corp (Class A)		820,958
	40,645	*,e	SeaWorld Entertainment, Inc		588,133
	142,499		Service Corp International		6,178,757
	109,733	*	ServiceMaster Global Holdings, Inc		4,486,982
	28,493	*,e	Shake Shack, Inc		1,383,335
	70,793		Six Flags Entertainment Corp		1,231,090
	962,949		Starbucks Corp		73,694,487
	17,380		Strategic Education, Inc		2,193,530
	24,593	*	Target Hospitality Corp		35,168
	55,903		Texas Roadhouse, Inc (Class A)		3,141,190
	15,473	e	Twin River Worldwide Holdings Inc		333,598
	30,442	*	Universal Technical Institute, Inc		226,184
	33,313		Vail Resorts, Inc		6,397,095
	147,770		Wendy’s		3,425,309
	25,022		Wingstop, Inc		3,909,688
	43,462	*	WW International Inc		1,120,450
	68,752		Wyndham Destinations, Inc		1,828,803
	75,354		Wyndham Hotels & Resorts, Inc		3,327,633
	82,257		Wynn Resorts Ltd		5,957,875
	295,255		Yum China Holdings, Inc		15,128,866
	246,972		Yum! Brands, Inc		22,486,801
			TOTAL CONSUMER SERVICES		471,638,732
DIVERSIFIED FINANCIALS - 3.2%
	40,605		Affiliated Managers Group, Inc		2,793,218
	448,933		AGNC Investment Corp		6,105,489
	12,004	e	Alerus Financial Corp		232,638
	308,761		Ally Financial, Inc		6,206,096
	10,358	*,e	A-Mark Precious Metals, Inc		249,524
	536,524		American Express Co		50,068,420
	99,051		Ameriprise Financial, Inc		15,217,205
	1,177,920		Annaly Capital Management, Inc		8,728,387
	96,007		Anworth Mortgage Asset Corp		173,773
	133,742		Apollo Commercial Real Estate Finance, Inc		1,243,801
	139,719		Apollo Global Management, Inc		6,860,203
	83,530		Arbor Realty Trust, Inc		851,171
	19,422		Ares Commercial Real Estate Corp		177,323
	80,068		Ares Management Corp		3,197,916
	88,562		Arlington Asset Investment Corp (Class A)		240,889
	61,974		ARMOUR Residential REIT, Inc		578,837

149

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	42,128		Artisan Partners Asset Management, Inc	$	1,526,297
	18,432	*	Assetmark Financial Holdings, Inc		513,331
	2,527	e	Associated Capital Group, Inc		102,192
	13,332		B. Riley Financial, Inc		340,099
	27,238		Banco Latinoamericano de Exportaciones S.A. (Class E)		317,867
	659,870		Bank of New York Mellon Corp		23,656,340
	189,079		BGC Partners, Inc (Class A)		523,749
	121,584		BlackRock, Inc		69,912,016
	112,348		Blackstone Mortgage Trust, Inc		2,704,216
	41,669	*	Blucora, Inc		491,278
	50,193		Brightsphere Investment Group, Inc		674,594
	104,231		Broadmark Realty Capital, Inc		961,010
	6,593	*,†	Calamos Asset Management, Inc		0
	66,593	*	Cannae Holdings, Inc		2,509,224
	371,048		Capital One Financial Corp		23,672,862
	54,913		Capstead Mortgage Corp		337,715
	95,417	e	Carlyle Group, Inc		2,716,522
	90,450		CBOE Global Markets, Inc		7,932,465
	952,072		Charles Schwab Corp		31,561,187
	12,922		Cherry Hill Mortgage Investment Corp		119,270
	144,364		Chimera Investment Corp		1,297,832
	292,604		CME Group, Inc		48,624,933
	21,879		Cohen & Steers, Inc		1,316,678
	86,404		Colony Credit Real Estate, Inc		544,345
	16,317		Cowen Group, Inc		268,741
	8,170	*,e	Credit Acceptance Corp		3,823,070
	6,953		Curo Group Holdings Corp		48,601
	2,791		Diamond Hill Investment Group, Inc		318,258
	250,980		Discover Financial Services		12,405,941
	19,522	*	Donnelley Financial Solutions, Inc		168,865
	16,968		Dynex Capital, Inc		262,156
	183,460		E*TRADE Financial Corp		9,314,264
	89,731		Eaton Vance Corp		3,242,878
	33,739	e	Ellington Financial Inc		396,771
	19,763		Ellington Residential Mortgage REIT		218,381
	25,589	*,e	Encore Capital Group, Inc		934,766
	21,267	*	Enova International, Inc		342,186
	32,332		Evercore Inc		1,787,960
	29,783	*,e	Ezcorp, Inc (Class A)		170,359
	30,839		Factset Research Systems, Inc		10,679,546
	80,043		Federated Investors, Inc (Class B)		2,109,933
	34,210		FirstCash, Inc		1,971,864
	25,851	*,e	Focus Financial Partners, Inc		955,194
	224,326		Franklin Resources, Inc		4,722,062
	2,638		GAMCO Investors, Inc (Class A)		31,102
	271,763		Goldman Sachs Group, Inc		53,798,203
	57,403		Granite Point Mortgage Trust, Inc		389,766
	17,996		Great Ajax Corp		155,126
	40,412	*	Green Dot Corp		2,048,484
	23,511		Greenhill & Co, Inc		281,662
	155	*	GWG Holdings Inc		1,054
	18,433		Hamilton Lane, Inc		1,331,600
	58,584		Hannon Armstrong Sustainable Infrastructure Capital, Inc		2,052,198
	35,153		Houlihan Lokey, Inc		1,926,384
	60,408		Interactive Brokers Group, Inc (Class A)		2,996,237
	446,692		Intercontinental Exchange Group, Inc		43,230,852

150

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	285,785		Invesco Ltd	$	2,869,281
	137,538		Invesco Mortgage Capital, Inc		422,242
	184,798		Jefferies Financial Group, Inc		2,993,728
	436,576		KKR & Co, Inc		15,441,693
	18,595		KKR Real Estate Finance Trust, Inc		309,607
	95,494		Ladder Capital Corp		741,988
	85,727		Lazard Ltd (Class A)		2,513,516
	66,969		Legg Mason, Inc		3,347,780
	46,282	*	LendingClub Corp		241,592
	66,336		LPL Financial Holdings, Inc		5,241,871
	30,483		MarketAxess Holdings, Inc		15,750,566
	3,520		Marlin Business Services Corp		25,837
	377,631		MFA Financial Inc		993,170
	38,101		Moelis & Co		1,135,029
	134,838		Moody’s Corp		37,929,929
	904,556		Morgan Stanley		44,214,697
	19,053		Morningstar, Inc		3,201,666
	67,946		MSCI, Inc (Class A)		25,546,337
	95,004		Nasdaq Inc		12,474,975
	164,194		Navient Corp		1,306,984
	11,745		Nelnet, Inc (Class A)		681,210
	336,264		New Residential Investment Corp		2,666,574
	318,876		New York Mortgage Trust, Inc		835,455
	17,297	*,†	NewStar Financial, Inc		4,176
	157,985		Northern Trust Corp		12,378,125
	52,701		OneMain Holdings, Inc		1,512,519
	15,821	*	Oportun Financial Corp		226,240
	5,399		Oppenheimer Holdings, Inc		114,405
	44,143		Orchid Island Capital, Inc		226,895
	83,151		PennyMac Mortgage Investment Trust		1,567,396
	12,685	*	Pico Holdings, Inc		103,002
	15,511		Piper Jaffray Cos		960,286
	21,600		PJT Partners, Inc		1,156,248
	36,421	*	PRA Group, Inc		1,440,815
	9,606		Pzena Investment Management, Inc (Class A)		50,335
	102,891		Raymond James Financial, Inc		7,148,867
	36,118		Ready Capital Corp		289,666
	95,463		Redwood Trust, Inc		680,651
	6,244	*	Regional Management Corp		94,846
	199,499		S&P Global, Inc		69,874,525
	16,133		Safeguard Scientifics, Inc		91,797
	61,226		Santander Consumer USA Holdings, Inc		1,124,109
	21,936		Sculptor Capital Management, Inc		272,664
	98,208		SEI Investments Co		5,139,225
	208	*,e	Siebert Financial Corp		720
	3,599		Silvercrest Asset Management Group, Inc		39,589
	306,615		SLM Corp		2,075,784
	218,790		Starwood Property Trust, Inc		3,270,911
	288,464		State Street Corp		18,401,119
	55,330		Stifel Financial Corp		2,682,398
	11,167	*	StoneX Group, Inc		586,044
	470,334		Synchrony Financial		10,408,491
	186,981		T Rowe Price Group, Inc		25,822,076
	212,749		TD Ameritrade Holding Corp		7,635,562
	48,395		TPG RE Finance Trust, Inc		420,069
	67,219		Tradeweb Markets, Inc		3,634,531

151

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	215,023		Two Harbors Investment Corp	$	1,167,575
	51,456		Virtu Financial, Inc		1,276,109
	5,962		Virtus Investment Partners, Inc		810,355
	102,881		Voya Financial, Inc		5,082,321
	49,212	e	Waddell & Reed Financial, Inc (Class A)		718,003
	71,208		Western Asset Mortgage Capital Corp		150,249
	5,819		Westwood Holdings Group, Inc		66,104
	70,423		WisdomTree Investments, Inc		253,523
	3,506	*,e	World Acceptance Corp		260,496
			TOTAL DIVERSIFIED FINANCIALS		857,769,924
ENERGY - 2.4%
	234,300	e	Antero Midstream Corp		1,328,481
	213,185	*,e	Antero Resources Corp		631,028
	315,104		Apache Corp		4,836,846
	12,934	*	Arch Resources, Inc		401,213
	118,857		Archrock, Inc		791,588
	36,328		Ardmore Shipping Corp		149,308
	545,051		Baker Hughes Co		8,442,840
	79,472		Berry Petroleum Co LLC		373,916
	13,622	*	Bonanza Creek Energy, Inc		247,784
	12,480		Brigham Minerals, Inc		138,278
	4,981	*	Bristow Group, Inc		79,746
	322,645		Cabot Oil & Gas Corp		6,033,462
	35,818		Cactus, Inc		810,203
	151,121	*	ChampionX Corp		1,437,161
	189,551	*	Cheniere Energy, Inc		9,378,983
	1,541,431		Chevron Corp		129,387,718
	87,024		Cimarex Energy Co		2,128,607
	133,851	*	Clean Energy Fuels Corp		318,565
	155,855	*	CNX Resources Corp		1,504,001
	19,383	*	Comstock Resources Inc		103,893
	159,879		Concho Resources, Inc		8,400,043
	881,033		ConocoPhillips		32,941,824
	30,521	*,e	CONSOL Energy, Inc		179,463
	73,192	*,e	Contango Oil & Gas Co		130,282
	66,065	e	Continental Resources, Inc		1,142,264
	26,262		CVR Energy, Inc		504,230
	50,853		Delek US Holdings, Inc		888,910
	323,255		Devon Energy Corp		3,390,945
	96,889	e	DHT Holdings, Inc		550,330
	18,546	*	Diamond S Shipping Inc		162,834
	129,021		Diamondback Energy, Inc		5,142,777
	14,982		DMC Global, Inc		440,171
	29,064	*	Dorian LPG Ltd		248,207
	25,553	*	Dril-Quip, Inc		850,659
	56,752	*	Earthstone Energy, Inc		149,258
	212,822	e	EnCana Corp		2,062,245
	64,264	*,e	Energy Fuels, Inc		109,891
	480,360		EOG Resources, Inc		22,504,866
	207,381		EQT Corp		3,011,172
	339,786	e	Equitrans Midstream Corp		3,278,935
	19,412		Evolution Petroleum Corp		50,859
	31,267	*	Exterran Corp		155,397
	3,484,828	d	Exxon Mobil Corp		146,641,562
	28,935		Falcon Minerals Corp		72,627

152

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	163,704	*	Frank’s International NV	$	373,245
	96,169	e	Frontline Ltd		769,352
	76,643	*,e	Golar LNG Ltd		574,822
	243	*	Goodrich Petroleum Corp		1,810
	28,378	*,e	Green Plains Inc		366,928
	157,553	*	Gulfport Energy Corp		159,129
	726,914		Halliburton Co		10,416,678
	118,524	*	Helix Energy Solutions Group, Inc		496,616
	88,337		Helmerich & Payne, Inc		1,575,049
	223,705		Hess Corp		11,008,523
	120,558		HollyFrontier Corp		3,315,345
	21,753		International Seaways, Inc		375,674
	1,595,414		Kinder Morgan, Inc		22,495,337
	299,863		Kosmos Energy Ltd		482,779
	27,797		Liberty Oilfield Services, Inc		157,053
	75,659	*	Magnolia Oil & Gas Corp		452,441
	633,150		Marathon Oil Corp		3,475,994
	530,368		Marathon Petroleum Corp		20,260,058
	81,399	*,e	Matador Resources Co		706,543
	15,354	*	Matrix Service Co		134,424
	17,807	*,e	Montage Resources Corp		76,392
	126,841		Murphy Oil Corp		1,675,570
	7,371	e	Nabors Industries Ltd		312,604
	18,544	*,e	National Energy Services Reunited Corp		124,059
	315,488		National Oilwell Varco, Inc		3,631,267
	139,718	*	Newpark Resources, Inc		264,067
	143,327	*	NexTier Oilfield Solutions, Inc		361,184
	395,987		Noble Energy, Inc		3,955,910
	123,418	e	Nordic American Tankers Ltd		561,552
	665,524		Occidental Petroleum Corp		10,475,348
	85,699	*	Oceaneering International, Inc		481,628
	52,702	*	Oil States International, Inc		236,105
	359,146		ONEOK, Inc		10,023,765
	67,330	*	Overseas Shipholding Group, Inc		155,532
	49,093	*	Par Pacific Holdings, Inc		363,779
	230,892		Parsley Energy, Inc		2,535,194
	140,168		Patterson-UTI Energy, Inc		543,151
	84,601		PBF Energy, Inc		734,337
	87,186	*	PDC Energy, Inc		1,243,272
	114,631		Peabody Energy Corp		357,649
	25,044	*	Penn Virginia Corp		248,186
	357,841		Phillips 66		22,193,299
	134,642		Pioneer Natural Resources Co		13,049,503
	18	*	PrimeEnergy Corp		1,283
	69,210	*	ProPetro Holding Corp		371,658
	166,807		Range Resources Corp		1,077,573
	29,957	*	Renewable Energy Group, Inc		826,214
	3,339	*	Rex American Resources Corp		227,553
	36,246	*,e	RPC, Inc		107,651
	1,138,823		Schlumberger Ltd		20,658,249
	33,972	e	Scorpio Tankers, Inc		449,110
	19,971	*	SEACOR Holdings, Inc		580,757
	53,591	*,e	Select Energy Services, Inc		237,944
	92,169	e	SFL Corp Ltd		765,924
	107,395		SM Energy Co		316,815
	23,417	e	Solaris Oilfield Infrastructure, Inc		170,007

153

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	469,106	*	Southwestern Energy Co	$	1,139,928
	11,888	*	Talos Energy, Inc		80,957
	188,788		Targa Resources Investments, Inc		3,451,045
	114,035	*,e	Tellurian, Inc		101,696
	53,122	*	Tidewater, Inc		330,419
	484,376	*,e	Transocean Ltd (NYSE)		988,127
	81,795	*,e	Uranium Energy Corp		79,202
	86,988	e	US Silica Holdings, Inc		307,068
	334,125		Valero Energy Corp		18,787,849
	112,755	*,e	W&T Offshore, Inc		254,826
	996,650		Williams Cos, Inc		19,065,915
	53,429		World Fuel Services Corp		1,257,184
	329,220	*	WPX Energy, Inc		1,965,443
			TOTAL ENERGY		626,334,922
FOOD & STAPLES RETAILING - 1.4%
	25,464		Andersons, Inc		362,098
	30,396		Casey’s General Stores, Inc		4,838,739
	19,878	*,e	Chefs’ Warehouse Holdings, Inc		229,193
	363,362		Costco Wholesale Corp		118,285,232
	55,683	*	Grocery Outlet Holding Corp		2,449,495
	41,112	*,e	HF Foods Group Inc		364,252
	14,265	e	Ingles Markets, Inc (Class A)		574,166
	634,226		Kroger Co		22,064,723
	11,089		Natural Grocers by Vitamin C		175,539
	101,630	*	Performance Food Group Co		2,847,673
	18,482		Pricesmart, Inc		1,208,168
	46,433	*,e	Rite Aid Corp		703,924
	29,940		SpartanNash Co		629,489
	97,347	*	Sprouts Farmers Market, Inc		2,568,014
	397,387		SYSCO Corp		21,001,903
	44,657	*	United Natural Foods, Inc		886,442
	179,321	*	US Foods Holding Corp		3,640,216
	4,683		Village Super Market (Class A)		118,246
	600,787		Walgreens Boots Alliance, Inc		24,458,039
	1,150,620		Walmart, Inc		148,890,228
	8,665	e	Weis Markets, Inc		431,690
			TOTAL FOOD & STAPLES RETAILING		356,727,469
FOOD, BEVERAGE & TOBACCO - 3.2%
	1,659		Alico, Inc		50,069
	1,525,867		Altria Group, Inc		62,789,427
	456,691		Archer-Daniels-Midland Co		19,560,076
	45,957	e	B&G Foods, Inc (Class A)		1,328,617
	42,197	*	Beyond Meat, Inc		5,312,602
	7,099	*	Boston Beer Co, Inc (Class A)		5,753,314
	59	*	Bridgford Foods Corp		950
	37,598		Brown-Forman Corp (Class A)		2,377,698
	147,987		Brown-Forman Corp (Class B)		10,261,419
	114,684		Bunge Ltd		4,981,873
	15,213		Calavo Growers, Inc		878,855
	26,117	*	Cal-Maine Foods, Inc		1,147,712
	140,478		Campbell Soup Co		6,963,494
	37,939	*,e	Celsius Holdings, Inc		556,565
	3,189,853		Coca-Cola Co		150,688,656
	3,933		Coca-Cola Consolidated Inc		902,860

154

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	400,621		ConAgra Brands, Inc	$	15,003,256
	130,717		Constellation Brands, Inc (Class A)		23,293,769
	8,534	*,e	Craft Brewers Alliance, Inc		126,389
	135,525	*	Darling International, Inc		3,785,213
	7,025	*	Farmer Bros Co		34,985
	163,632		Flowers Foods, Inc		3,722,628
	22,222		Fresh Del Monte Produce, Inc		501,773
	31,454	*	Freshpet, Inc		3,021,157
	498,657		General Mills, Inc		31,550,028
	70,126	*	Hain Celestial Group, Inc		2,382,881
	120,833		Hershey Co		17,570,327
	229,954		Hormel Foods Corp		11,695,460
	111,265	*	Hostess Brands, Inc		1,410,840
	53,923		Ingredion, Inc		4,664,340
	12,260		J&J Snack Foods Corp		1,509,574
	90,755		J.M. Smucker Co		9,924,059
	7,801		John B. Sanfilippo & Son, Inc		687,814
	203,516		Kellogg Co		14,040,569
	279,760		Keurig Dr Pepper, Inc		8,557,858
	526,818		Kraft Heinz Co		18,112,003
	121,750		Lamb Weston Holdings, Inc		7,314,740
	15,554		Lancaster Colony Corp		2,466,709
	15,559	*	Landec Corp		146,877
	10,800		Limoneira Co		145,584
	101,293		McCormick & Co, Inc		19,742,006
	8,129		MGP Ingredients, Inc		294,839
	143,667		Molson Coors Brewing Co (Class B)		5,390,386
	1,163,760		Mondelez International, Inc		64,577,042
	305,428	*	Monster Beverage Corp		23,969,989
	9,889	*,e	National Beverage Corp		634,379
	54,771	*,e	New Age Beverages Corp		124,330
	1,146,752		PepsiCo, Inc		157,861,880
	1,283,481		Philip Morris International, Inc		98,584,176
	44,477	*	Pilgrim’s Pride Corp		682,722
	53,954	*	Post Holdings, Inc		4,787,878
	126,721		Primo Water Corp		1,800,705
	16,772		Sanderson Farms, Inc		1,869,994
	265		Seaboard Corp		716,361
	4,345	*	Seneca Foods Corp		170,237
	65,281	*	Simply Good Foods Co		1,569,355
	18,807	e	Tootsie Roll Industries, Inc		596,182
	46,154	*	TreeHouse Foods, Inc		2,022,468
	2,998	e	Turning Point Brands, Inc		98,574
	235,293		Tyson Foods, Inc (Class A)		14,458,755
	20,406		Universal Corp		860,317
	109,494		Vector Group Ltd		965,737
			TOTAL FOOD, BEVERAGE & TOBACCO		857,001,332
HEALTH CARE EQUIPMENT & SERVICES - 6.7%
	17,904	*	1Life Healthcare, Inc		530,137
	1,427,894		Abbott Laboratories		143,703,252
	36,487	*	Abiomed, Inc		10,943,911
	72,540	*,e	Acadia Healthcare Co, Inc		2,162,417
	80,912	*	Accuray, Inc		180,434
	9,851	*	Addus HomeCare Corp		949,735
	64,700	*	Align Technology, Inc		19,010,154

155

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	134,292	*	Allscripts Healthcare Solutions, Inc	$	1,208,628
	32,637	*	Alphatec Holdings Inc		162,206
	26,050	*	Amedisys, Inc		6,099,868
	8,059	*	American Renal Associates Holdings, Inc		51,981
	119,148		AmerisourceBergen Corp		11,937,438
	41,533	*	AMN Healthcare Services, Inc		2,281,823
	23,243	*	Angiodynamics, Inc		191,987
	127,038	*	Antares Pharma, Inc		331,569
	208,027		Anthem, Inc		56,957,793
	15,700	*,e	Apollo Medical Holdings, Inc		262,975
	35,479	*	Apyx Medical Corp		159,301
	33,158	*	AtriCure, Inc		1,353,178
	1,158		Atrion Corp		718,076
	737	*,e	Avalon GloboCare Corp		1,194
	44,154	*	Avanos Medical, Inc		1,354,203
	29,631	*,e	AxoGen, Inc		336,904
	24,863	*,e	Axonics Modulation Technologies, Inc		1,053,197
	419,942		Baxter International, Inc		36,274,590
	222,297		Becton Dickinson & Co		62,541,038
	28,777	*,e	Beyond Air, Inc		178,705
	6,480	*,e	BioLife Solutions Inc		125,258
	13,421	*,e	BioSig Technologies Inc		121,057
	27,717	*	BioTelemetry, Inc		1,179,636
	1,149,174	*	Boston Scientific Corp		44,323,641
	156,187	*	Brookdale Senior Living, Inc		432,638
	30,287		Cantel Medical Corp		1,431,061
	238,704		Cardinal Health, Inc		13,038,012
	28,182	*	Cardiovascular Systems, Inc		858,987
	470,809	*	Centene Corp		30,720,287
	249,234		Cerner Corp		17,309,301
	132,922	*	Cerus Corp		947,734
	198,763	*	Change Healthcare, Inc		2,317,577
	37,203	*,e	Chembio Diagnostics, Inc		205,733
	12,676		Chemed Corp		6,239,000
	298,302		Cigna Corp		51,513,772
	21,194	*,e	Co-Diagnostics, Inc		508,656
	7,207		Computer Programs & Systems, Inc		177,869
	23,387		Conmed Corp		1,930,363
	39,678		Cooper Cos, Inc		11,226,097
	6,707	*	Corvel Corp		533,139
	81,377	*	Covetrus, Inc		1,803,314
	23,078	*	Cross Country Healthcare, Inc		149,661
	23,530	*	CryoLife, Inc		456,717
	25,626	*,e	CryoPort, Inc		849,246
	7,978	*	Cutera, Inc		113,527
	1,074,259		CVS Health Corp		67,613,861
	39,693	*,e	CytoSorbents Corp		380,060
	516,692		Danaher Corp		105,301,830
	67,878	*	DaVita, Inc		5,931,858
	178,669		Dentsply Sirona, Inc		7,968,637
	75,602	*	DexCom, Inc		32,927,695
	508,732	*	Edwards Lifesciences Corp		39,889,676
	13,523	*,e	Electromed, Inc		224,347
	81,720		Encompass Health Corp		5,563,498
	45,885		Ensign Group, Inc		2,110,251
	130,743	*	Envista Holdings Corp		2,859,349

156

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	113,260	*	Enzo Biochem, Inc	$	269,559
	69,868	*,e	Evolent Health, Inc		813,962
	121	*,e	Exagen, Inc		1,506
	12,719	*,e	Fulgent Genetics, Inc		335,146
	58,482	*	GenMark Diagnostics, Inc		1,044,489
	37,099	*,e	Glaukos Corp		1,621,226
	62,749	*	Globus Medical, Inc		3,023,247
	60,813	*	Guardant Health, Inc		5,180,051
	41,425	*	Haemonetics Corp		3,631,315
	27,137	*	Hanger Inc		473,812
	218,583		HCA Healthcare, Inc		27,681,351
	26,210	*,e	Health Catalyst, Inc		914,729
	55,715	*	HealthEquity, Inc		2,872,665
	16,111	*	HealthStream, Inc		353,717
	116,806	*	Henry Schein, Inc		8,028,076
	3,930	*	Heska Corp		378,145
	55,539		Hill-Rom Holdings, Inc		5,399,502
	75,877	*	HMS Holdings Corp		2,466,002
	209,678	*	Hologic, Inc		14,631,331
	108,944		Humana, Inc		42,755,073
	20,965	*,e	iCAD, Inc		193,297
	16,334	*	ICU Medical, Inc		3,001,046
	68,926	*	IDEXX Laboratories, Inc		27,415,317
	16,221	*	InfuSystem Holdings, Inc		198,058
	14,803	*	Inogen, Inc		454,452
	60,884	*	Inovalon Holdings, Inc		1,432,601
	21,336	*	Inspire Medical Systems, Inc		2,119,945
	51,613	*	Insulet Corp		10,496,020
	28,492	*	Integer Holding Corp		1,873,919
	57,153	*	Integra LifeSciences Holdings Corp		2,729,056
	13,721	*,e	IntriCon Corp		148,187
	95,628	*	Intuitive Surgical, Inc		65,547,256
	23,873		Invacare Corp		168,066
	161	*	iRadimed Corp		3,587
	21,179	*	iRhythm Technologies, Inc		2,636,362
	10,769	*	Joint Corp		155,504
	80,215	*	Laboratory Corp of America Holdings		15,475,078
	52,912	*	Lantheus Holdings, Inc		713,254
	21,117		LeMaitre Vascular, Inc		619,362
	24,067	*	LHC Group, Inc		4,695,712
	39,946	*	LivaNova plc		1,859,087
	44,131	*,e	Livongo Health, Inc		5,615,670
	19,000	*	Magellan Health Services, Inc		1,409,230
	39,734	*	Masimo Corp		8,746,248
	133,062		McKesson Corp		19,980,590
	65,575	*	MEDNAX, Inc		1,310,189
	1,106,565		Medtronic plc		106,761,391
	32,339	*	Meridian Bioscience, Inc		791,982
	44,468	*	Merit Medical Systems, Inc		1,988,609
	3,338		Mesa Laboratories, Inc		790,906
	83,334	*,e	Milestone Scientific, Inc		160,835
	7,622	*	Misonix Inc		94,741
	48,145	*	Molina Healthcare, Inc		8,892,382
	10,302		National Healthcare Corp		611,115
	14,060		National Research Corp		804,091
	23,183	*	Natus Medical, Inc		430,740

157

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	43,216	*	Neogen Corp	$	3,317,692
	27,348	*	Nevro Corp		3,636,190
	44,547	*	NextGen Healthcare, Inc		651,277
	81,399	*	Novocure Ltd		6,169,230
	41,563	*	NuVasive, Inc		2,374,910
	34,529	*	Omnicell, Inc		2,427,043
	6,175	*,e	Ontrak, Inc		236,256
	547	*	OptimizeRx Corp		7,740
	27,876	*	Option Care Health, Inc		328,379
	51,108	*	OraSure Technologies, Inc		927,610
	10,818	*	Orthofix Medical Inc		332,221
	8,748	*	OrthoPediatrics Corp		369,078
	51,524		Owens & Minor, Inc		828,506
	68,815	e	Patterson Cos, Inc		1,827,726
	94,787	*,e	PAVmed, Inc		188,626
	22,937	*	Pennant Group, Inc		574,801
	26,049	*	Penumbra, Inc		5,780,534
	19,145	*,e	PetIQ, Inc		698,601
	22,750	*	Phreesia, Inc		683,865
	57,136	*	PPD, Inc		1,678,084
	52,287	*	Premier, Inc		1,828,476
	21,500	*,e	Progyny, Inc		572,438
	10,372	*	Providence Service Corp		840,236
	26,726	*,e	Pulse Biosciences, Inc		273,942
	109,871		Quest Diagnostics, Inc		13,961,308
	30,568	*	Quidel Corp		8,634,543
	49,325	*,e	Quotient Ltd		386,708
	87,305	*	R1 RCM, Inc		1,193,459
	33,988	*	RadNet, Inc		540,069
	22,676	*,e	Repro-Med Systems, Inc		236,511
	117,676		Resmed, Inc		23,830,567
	20,095	*,e	Retractable Technologies, Inc		240,537
	31,391	*,e	Rockwell Medical, Inc		53,993
	18,396	*	SeaSpine Holdings Corp		172,371
	94,771	*	Select Medical Holdings Corp		1,804,440
	26,991	*	Sharps Compliance Corp		206,481
	21,281	*	Shockwave Medical Inc		1,049,579
	20,661	*	SI-BONE, Inc		353,303
	43,122	*,e	Sientra, Inc		163,864
	25,950	*	Silk Road Medical Inc		1,205,637
	9,975		Simulations Plus, Inc		702,240
	261	*,e	Soliton Inc		1,681
	37,399	*	Staar Surgical Co		2,176,248
	38,241	*,e	Stereotaxis, Inc		147,228
	69,259		STERIS plc		11,055,814
	285,408		Stryker Corp		55,169,366
	50,925	*	Surgalign Holdings, Inc		143,099
	23,635	*	Surgery Partners, Inc		360,906
	12,880	*	SurModics, Inc		609,095
	16,191	*,e	Tabula Rasa HealthCare, Inc		909,934
	17,101	*,e	Tactile Systems Technology, Inc		700,799
	47,909	*	Tandem Diabetes Care, Inc		5,004,574
	9,395	*	Tela Bio, Inc		109,358
	59,897	*	Teladoc, Inc		14,233,324
	38,146		Teleflex, Inc		14,232,273
	89,606	*	Tenet Healthcare Corp		2,369,183

158

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	44,397	*,e	Tivity Health, Inc	$	582,489
	12,408	*	Transmedics Group, Inc		224,088
	20,488	*	Triple-S Management Corp (Class B)		398,696
	777,909		UnitedHealth Group, Inc		235,535,287
	60,330		Universal Health Services, Inc (Class B)		6,630,267
	12,221	e	US Physical Therapy, Inc		1,015,076
	1,543		Utah Medical Products, Inc		125,755
	15,842	*	Vapotherm, Inc		827,586
	22,834	*	Varex Imaging Corp		358,037
	74,979	*	Varian Medical Systems, Inc		10,701,003
	109,431	*	Veeva Systems, Inc		28,952,160
	27,859	*,e	Viemed Healthcare, Inc		301,992
	87,814	*,e	ViewRay, Inc		243,245
	26,060	*	Vocera Communications, Inc		801,866
	60,359		West Pharmaceutical Services, Inc		16,228,724
	100,381	*,e	Wright Medical Group NV		3,013,438
	170,031		Zimmer Biomet Holdings, Inc		22,930,381
	17,649	*,e	Zynex Inc		337,449
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		1,770,138,320
HOUSEHOLD & PERSONAL PRODUCTS - 1.7%
	28,978	*	BellRing Brands, Inc		575,793
	11,720	*,e	Central Garden & Pet Co		443,719
	32,738	*	Central Garden and Pet Co (Class A)		1,134,372
	202,364		Church & Dwight Co, Inc		19,493,724
	104,118		Clorox Co		24,624,948
	691,888		Colgate-Palmolive Co		53,413,753
	228,552		Coty, Inc		847,928
	48,754	*	Edgewell Personal Care Co		1,457,257
	22,010	*	elf Beauty, Inc		393,098
	50,651		Energizer Holdings, Inc		2,539,135
	182,747		Estee Lauder Cos (Class A)		36,099,842
	84,582	*	Herbalife Nutrition Ltd		4,333,982
	14,349		Inter Parfums, Inc		586,731
	277,699		Kimberly-Clark Corp		42,221,356
	8,497	*	Lifevantage Corp		109,101
	8,701		Medifast, Inc		1,454,198
	3,947	*	Nature’s Sunshine Products, Inc		37,536
	42,576		Nu Skin Enterprises, Inc (Class A)		1,909,534
	2,626		Oil-Dri Corp of America		91,306
	2,008,707		Procter & Gamble Co		263,381,662
	19,824	*,e	Revlon, Inc (Class A)		125,288
	35,305		Reynolds Consumer Products Inc		1,202,488
	34,652		Spectrum Brands Holdings, Inc		1,876,752
	11,348	*	USANA Health Sciences, Inc		921,231
	62,696	*	Veru, Inc		177,430
	11,313		WD-40 Co		2,223,570
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		461,675,734
INSURANCE - 3.3%
	583,119		Aflac, Inc		20,741,543
	11,772		Alleghany Corp		6,148,751
	256,502		Allstate Corp		24,211,224
	27,286	*	AMBAC Financial Group, Inc		349,261
	80,258		American Equity Investment Life Holding Co		2,042,566
	59,470		American Financial Group, Inc		3,613,992

159

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	706,882		American International Group, Inc	$	22,719,187
	7,931		American National Group, Inc		584,118
	15,859		Amerisafe, Inc		1,006,412
	188,051		Aon plc		38,591,826
	318,761	*	Arch Capital Group Ltd		9,801,901
	28,722	*	Argo Group International Holdings Ltd		962,474
	153,674		Arthur J. Gallagher & Co		16,518,418
	49,860		Assurant, Inc		5,358,454
	76,506		Assured Guaranty Ltd		1,670,126
	94,426	*	Athene Holding Ltd		3,045,239
	68,390		Axis Capital Holdings Ltd		2,743,807
	8,670	*,e	Benefytt Technologies, Inc		268,076
	1,606,470	*	Berkshire Hathaway, Inc (Class B)		314,514,697
	80,451	*	Brighthouse Financial, Inc		2,279,981
	191,422		Brown & Brown, Inc		8,703,958
	26,994	*	BRP Group, Inc		471,045
	368,732		Chubb Ltd		46,917,460
	122,689		Cincinnati Financial Corp		9,561,154
	32,342	*,e	Citizens, Inc (Class A)		185,643
	23,883		CNA Financial Corp		795,304
	122,254		Conseco, Inc		1,846,035
	563		Crawford & Co		4,127
	3,646		Donegal Group, Inc (Class A)		50,971
	20,880	*	eHealth, Inc		1,443,643
	30,945		Employers Holdings, Inc		1,006,331
	10,221	*	Enstar Group Ltd		1,716,617
	21,403	e	Erie Indemnity Co (Class A)		4,497,198
	33,287		Everest Re Group Ltd		7,282,863
	7,141		FBL Financial Group, Inc (Class A)		248,364
	6,057		FedNat Holding Co		56,694
	230,885		Fidelity National Financial Inc		7,471,439
	89,190		First American Financial Corp		4,549,582
	441,016	*	Genworth Financial, Inc (Class A)		899,673
	4,828		Global Indemnity Ltd		110,320
	86,116		Globe Life, Inc		6,854,834
	11,611	*,e	Goosehead Insurance, Inc		1,199,765
	26,615	*,e	Greenlight Capital Re Ltd (Class A)		171,933
	31,658		Hanover Insurance Group, Inc		3,225,317
	293,074		Hartford Financial Services Group, Inc		12,402,892
	8,950		HCI Group, Inc		399,349
	33,356		Heritage Insurance Holdings, Inc		395,936
	38,394		Horace Mann Educators Corp		1,442,847
	2,871		Independence Holding Co		94,915
	763		Investors Title Co		87,806
	28,563		James River Group Holdings Ltd		1,323,038
	51,612		Kemper Corp		4,052,574
	17,148		Kinsale Capital Group, Inc		3,342,145
	149,641		Lincoln National Corp		5,577,120
	196,305		Loews Corp		7,147,465
	11,209	*	Markel Corp		11,708,249
	417,251		Marsh & McLennan Cos, Inc		48,651,467
	58,050	*	MBIA, Inc		464,981
	25,919		Mercury General Corp		1,112,184
	631,348		Metlife, Inc		23,896,522
	65,204		National General Holdings Corp		2,216,284
	1,920		National Western Life Group, Inc		373,997

160

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	5,736	*	NI Holdings, Inc	$	94,529
	228,956		Old Republic International Corp		3,679,323
	15,542	*	Palomar Holdings, Inc		1,419,606
	34,235		Primerica, Inc		4,096,560
	225,726		Principal Financial Group		9,577,554
	45,009		ProAssurance Corp		661,632
	480,727		Progressive Corp		43,428,877
	325	*	ProSight Global, Inc		2,555
	3,923		Protective Insurance Corp		50,214
	323,797		Prudential Financial, Inc		20,519,016
	55,484		Reinsurance Group of America, Inc (Class A)		4,730,011
	40,053		RenaissanceRe Holdings Ltd		7,224,760
	32,272		RLI Corp		2,844,131
	12,226		Safety Insurance Group, Inc		925,141
	45,095		Selective Insurance Group, Inc		2,450,462
	14,719		State Auto Financial Corp		228,292
	24,867		Stewart Information Services Corp		1,043,171
	64,678	*	Third Point Reinsurance Ltd		503,842
	14,139		Tiptree Inc		71,402
	207,274		Travelers Cos, Inc		23,716,291
	27,570	*,e	Trupanion, Inc		1,394,215
	13,269		United Fire Group Inc		336,635
	12,036		United Insurance Holdings Corp		89,066
	23,291		Universal Insurance Holdings, Inc		407,825
	132,008		Unum Group		2,274,498
	114,149		W.R. Berkley Corp		7,048,701
	15,218	*	Watford Holdings Ltd		249,727
	2,469		White Mountains Insurance Group Ltd		2,173,041
	106,130		Willis Towers Watson plc		22,288,361
			TOTAL INSURANCE		874,661,532
MATERIALS - 2.8%
	14,330	e	Advanced Emissions Solutions, Inc		59,613
	32,022	*	AdvanSix, Inc		398,674
	182,005		Air Products & Chemicals, Inc		52,168,093
	87,639	e	Albemarle Corp		7,226,712
	140,859	*	Alcoa Corp		1,831,167
	100,911	*	Allegheny Technologies, Inc		876,917
	1,314,405		Amcor plc		13,538,371
	17,284		American Vanguard Corp		232,643
	66,844	*,e	Amyris, Inc		286,092
	53,752		Aptargroup, Inc		6,192,230
	78,083	*	Arconic Corp		1,271,972
	15,547		Ardagh Group S.A.		211,595
	45,795		Ashland Global Holdings, Inc		3,456,607
	68,196		Avery Dennison Corp		7,729,335
	67,267		Avient Corp		1,607,681
	172,825	*	Axalta Coating Systems Ltd		3,836,715
	26,968		Balchem Corp		2,703,812
	264,155		Ball Corp		19,449,733
	109,369	*	Berry Global Group, Inc		5,467,356
	31,465		Boise Cascade Co		1,465,954
	48,358		Cabot Corp		1,764,100
	11,651		Caledonia Mining Corp plc		267,157
	37,844		Carpenter Technology Corp		846,192
	96,607		Celanese Corp (Series A)		9,390,200

161

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	38,515	*	Century Aluminum Co	$	335,466
	181,507		CF Industries Holdings, Inc		5,686,614
	4,533		Chase Corp		455,838
	130,519		Chemours Co		2,418,517
	13,347	*	Clearwater Paper Corp		492,771
	339,604	e	Cleveland-Cliffs, Inc		1,759,149
	211,965	*	Coeur Mining, Inc		1,680,882
	95,395		Commercial Metals Co		1,972,769
	28,562		Compass Minerals International, Inc		1,454,948
	616,567		Corteva, Inc		17,609,153
	106,398	*	Crown Holdings, Inc		7,615,969
	51,281		Domtar Corp		1,076,388
	608,495		Dow, Inc		24,984,805
	602,818		DuPont de Nemours, Inc		32,238,707
	35,797		Eagle Materials, Inc		2,871,993
	111,104		Eastman Chemical Co		8,291,691
	204,758		Ecolab, Inc		38,306,127
	178,521	*	Element Solutions, Inc		1,938,738
	75,640	*	Ferro Corp		884,232
	48,283	*,†	Ferroglobe plc		0
	106,766		FMC Corp		11,322,534
	14,694	*	Forterra, Inc		190,875
	1,185,175		Freeport-McMoRan, Inc (Class B)		15,312,461
	25,108		FutureFuel Corp		330,923
	40,309	*	GCP Applied Technologies, Inc		919,851
	35,140		Gold Resource Corp		154,265
	219,952		Graphic Packaging Holding Co		3,066,131
	21,501		Greif, Inc (Class A)		748,020
	5,983		Greif, Inc (Class B)		235,072
	41,573		H.B. Fuller Co		1,884,920
	5,555		Hawkins, Inc		286,249
	7,327		Haynes International, Inc		134,524
	390,369		Hecla Mining Co		2,154,837
	170,857		Huntsman Corp		3,160,854
	31,924	*	Ingevity Corp		1,866,915
	21,475		Innospec, Inc		1,614,276
	88,229		International Flavors & Fragrances, Inc		11,112,443
	321,115		International Paper Co		11,171,591
	61,703	*	Intrepid Potash, Inc		55,909
	15,164		Kaiser Aluminum Corp		939,410
	12,426	*	Koppers Holdings, Inc		312,762
	34,787	*	Kraton Corp		457,449
	17,841	e	Kronos Worldwide, Inc		200,533
	432,795		Linde plc		106,082,382
	125,984	*,e	Livent Corp		789,920
	94,788		Louisiana-Pacific Corp		3,001,936
	210,175		LyondellBasell Industries NV		13,140,141
	1,527	*,e	Marrone Bio Innovations, Inc		1,695
	51,755		Martin Marietta Materials, Inc		10,722,601
	16,456		Materion Corp		944,903
	214	*	Mayville Engineering Co Inc		1,624
	31,379		Minerals Technologies, Inc		1,471,047
	275,862		Mosaic Co		3,715,861
	24,595		Myers Industries, Inc		370,401
	15,338		Neenah Inc		684,228
	5,652		NewMarket Corp		2,118,426

162

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	661,805		Newmont Goldcorp Corp	$	45,796,906
	187,119	*	Novagold Resources Inc		1,706,525
	246,202		Nucor Corp		10,328,174
	131,800		O-I Glass, Inc		1,375,992
	131,226		Olin Corp		1,474,980
	5,860		Olympic Steel, Inc		61,999
	44,569		Orion Engineered Carbons SA		454,604
	76,962		Packaging Corp of America		7,397,587
	39,258		PH Glatfelter Co		625,380
	193,974		PPG Industries, Inc		20,881,301
	33,843	*	PQ Group Holdings, Inc		415,254
	10,960		Quaker Chemical Corp		2,126,240
	124,548	*	Rayonier Advanced Materials, Inc		362,435
	51,957		Reliance Steel & Aluminum Co		5,105,295
	53,971		Royal Gold, Inc		7,552,162
	104,742		RPM International, Inc		8,545,900
	11,406	*	Ryerson Holding Corp		64,216
	15,755		Schnitzer Steel Industries, Inc (Class A)		289,892
	26,002		Schweitzer-Mauduit International, Inc		845,845
	33,423		Scotts Miracle-Gro Co (Class A)		5,299,885
	123,976		Sealed Air Corp		4,423,464
	34,595		Sensient Technologies Corp		1,806,205
	67,587		Sherwin-Williams Co		43,790,969
	62,581		Silgan Holdings, Inc		2,393,723
	83,350		Sonoco Products Co		4,312,529
	71,770		Southern Copper Corp (NY)		3,137,067
	171,380		Steel Dynamics, Inc		4,697,526
	16,785		Stepan Co		1,832,922
	93,665	*	Summit Materials, Inc		1,378,749
	66,599		SunCoke Energy, Inc		212,451
	79,910	*	TimkenSteel Corp		293,270
	9,133	*	Trecora Resources		52,515
	15,869		Tredegar Corp		252,000
	33,542		Trinseo S.A.		727,861
	72,312		Tronox Holdings plc		551,017
	49,455		UFP Industries, Inc		2,879,270
	3,261	*	UFP Technologies, Inc		140,680
	834		United States Lime & Minerals, Inc		75,235
	166,316	e	United States Steel Corp		1,107,665
	18,032	*	US Concrete, Inc		447,554
	160,869		Valvoline, Inc		3,301,032
	28,800		Verso Corp		351,648
	108,785		Vulcan Materials Co		12,773,535
	54,921		Warrior Met Coal, Inc		874,342
	29,424		Westlake Chemical Corp		1,603,608
	209,896		WestRock Co		5,637,807
	30,297		Worthington Industries, Inc		1,133,714
	49,137		WR Grace and Co		2,266,690
			TOTAL MATERIALS		728,197,267
MEDIA & ENTERTAINMENT - 8.2%
	628,453		Activision Blizzard, Inc		51,929,071
	247,620	*	Alphabet, Inc (Class A)		368,446,179
	244,166	*	Alphabet, Inc (Class C)		362,088,411
	264,875	*	Altice USA, Inc		7,148,976
	34,610	e	AMC Entertainment Holdings, Inc		139,824

163

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	32,236	*	AMC Networks, Inc	$	744,652
	8,779	*	Black Diamond Therapeutics, Inc		244,232
	434	*	Boston Omaha Corp		6,901
	4,161		Cable One, Inc		7,583,672
	21,021	*	Cardlytics, Inc		1,396,215
	68,080	*	Cargurus, Inc		1,966,831
	43,384	*	Cars.com, Inc		352,278
	93,093	*	Central European Media Enterprises Ltd (Class A) (NASDAQ)		370,510
	123,370	*	Charter Communications, Inc		71,554,600
	89,676		Cinemark Holdings, Inc		1,060,867
	3,738,116		Comcast Corp (Class A)		159,991,365
	37,208	*	comScore, Inc		111,624
	470	*,e	Daily Journal Corp		133,480
	39,986	*	DHI Group, Inc		99,965
	124,466	*,e	Discovery, Inc (Class A)		2,626,233
	266,684	*	Discovery, Inc (Class C)		5,053,662
	201,032	*	DISH Network Corp (Class A)		6,455,138
	235,386	*	Electronic Arts, Inc		33,335,365
	151,959		Entercom Communications Corp (Class A)		212,743
	41,363		Entravision Communications Corp (Class A)		54,599
	60,929	*,e	Eros International plc		173,038
	51,662	*,e	Eventbrite Inc		440,160
	11,437	*	EverQuote Inc		622,745
	35,051		EW Scripps Co (Class A)		398,880
	1,979,068	*	Facebook, Inc		502,030,180
	14,369	*	Fluent, Inc		26,152
	284,221		Fox Corp (Class A)		7,324,375
	135,512		Fox Corp (Class B)		3,492,144
	5,234	*	Gaia, Inc		48,048
	127,263	e	Gannett Co, Inc		188,349
	96,932	*	Glu Mobile, Inc		915,038
	80,919	*	Gray Television, Inc		1,160,378
	9,282	*	Hemisphere Media Group, Inc		81,682
	61,460	*	IAC		8,138,533
	48,581	*,e	iHeartMedia, Inc		406,137
	40,111	*	Imax Corp		452,853
	323,834		Interpublic Group of Cos, Inc		5,845,204
	39,246		John Wiley & Sons, Inc (Class A)		1,327,692
	6,535	*,e	Liberty Braves Group (Class A)		123,577
	33,020	*	Liberty Braves Group (Class C)		615,823
	19,893	*	Liberty Broadband Corp (Class A)		2,685,754
	87,553	*	Liberty Broadband Corp (Class C)		12,018,400
	15,409	*	Liberty Media Group (Class A)		509,884
	162,229	*	Liberty Media Group (Class C)		5,749,396
	72,133	*	Liberty SiriusXM Group (Class A)		2,509,507
	142,114	*	Liberty SiriusXM Group (Class C)		4,972,569
	93,103	*	Liberty TripAdvisor Holdings, Inc		230,895
	47,510	*,e	Lions Gate Entertainment Corp (Class A)		363,927
	107,514	*	Lions Gate Entertainment Corp (Class B)		764,425
	116,031	*	Live Nation, Inc		5,431,411
	18,131	*	LiveXLive Media, Inc		54,937
	10,380		Loral Space & Communications, Inc		188,605
	14,556	*	Madison Square Garden Co		2,237,112
	14,556	*	Madison Square Garden Entertainment Corp		1,031,438
	82,038	*	Magnite, Inc		492,638
	26,238		Marcus Corp		362,347

164

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	179,198	*	Match Group, Inc (NASDAQ)	$	18,403,635
	57,724	*	Meet Group, Inc		359,621
	35,804	e	Meredith Corp		514,145
	39,398	*	MSG Networks, Inc		375,463
	76,119		National CineMedia, Inc		188,014
	350,507	*	Netflix, Inc		171,355,862
	132,308		New York Times Co (Class A)		6,104,691
	319,611		News Corp (Class A)		4,065,452
	99,469		News Corp (Class B)		1,269,224
	37,197		Nexstar Media Group Inc		3,260,317
	174,192		Omnicom Group, Inc		9,359,336
	329,166	*	Pinterest, Inc		11,287,102
	52,768	*	QuinStreet, Inc		616,066
	83,308	*	Roku, Inc		12,903,576
	1,557		Saga Communications, Inc		36,403
	23,890		Scholastic Corp		571,688
	46,743	e	Sinclair Broadcast Group, Inc (Class A)		962,906
	965,641		Sirius XM Holdings, Inc		5,677,969
	107,718	*	Spotify Technology S.A.		27,771,855
	92,073	*	Take-Two Interactive Software, Inc		15,101,813
	18,171	*	TechTarget, Inc		659,426
	179,899		TEGNA, Inc		2,119,210
	13,052		Tribune Publishing Co		127,257
	77,824		TripAdvisor, Inc		1,574,380
	91,287	*	TrueCar, Inc		343,239
	626,062	*	Twitter, Inc		22,788,657
	12,995	e	ViacomCBS, Inc (Class A)		360,481
	444,487		ViacomCBS, Inc (Class B)		11,587,776
	1,488,392		Walt Disney Co		174,052,561
	20,501	*	WideOpenWest, Inc		111,935
	36,271	e	World Wrestling Entertainment, Inc (Class A)		1,690,591
	59,867	*	Yelp, Inc		1,495,478
	47,058	*	Zillow Group, Inc (Class A)		3,204,179
	110,329	*	Zillow Group, Inc (Class C)		7,545,400
	710,663	*	Zynga, Inc		6,985,817
			TOTAL MEDIA & ENTERTAINMENT		2,181,353,151
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.1%
	44,571	*	10X Genomics, Inc		4,384,449
	4,336	*,e	89bio, Inc		131,728
	1,447,596		AbbVie, Inc		137,391,336
	55,363	*	Abeona Therapeutics, Inc		157,785
	93,173	*	Acadia Pharmaceuticals, Inc		3,873,202
	16,264	*,e	Accelerate Diagnostics, Inc		236,316
	39,683	*	Acceleron Pharma, Inc		3,935,363
	68,121	*,e	AcelRx Pharmaceuticals, Inc		74,252
	58,282	*	Adaptive Biotechnologies Corp		2,175,084
	50,388	*,e	ADMA Biologics, Inc		179,885
	138,470	*	Aduro Biotech, Inc		390,485
	59,427	*	Adverum Biotechnologies, Inc		996,591
	34,304	*	Aeglea BioTherapeutics, Inc		234,982
	29,880	*	Aerie Pharmaceuticals, Inc		345,413
	57,863	*	Affimed NV		204,256
	89,362	*	Agenus, Inc		271,660
	72,464	*,e	Agile Therapeutics, Inc		181,160
	253,094		Agilent Technologies, Inc		24,380,545

165

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	47,081	*	Agios Pharmaceuticals, Inc	$	2,133,711
	47,056	*,e	Aimmune Therapeutics, Inc		621,610
	8,681	*,e	Akcea Therapeutics, Inc		94,102
	108,921	*	Akebia Therapeutics, Inc		1,216,648
	10,162	*	Akero Therapeutics, Inc		356,788
	6,110	*	Albireo Pharma, Inc		172,669
	71,596	*,†	Alder Biopharmaceuticals Inc		63,004
	37,646	*	Alector, Inc		589,913
	174,274	*	Alexion Pharmaceuticals, Inc		17,861,342
	125,057	*	Alkermes plc		2,252,277
	19,818	*,e	Allakos, Inc		1,487,737
	39,527	*	Allogene Therapeutics, Inc		1,449,455
	93,616	*	Alnylam Pharmaceuticals, Inc		13,645,468
	23,540	*,e	AMAG Pharmaceuticals, Inc		224,925
	484,923		Amgen, Inc		118,646,110
	213,608	*	Amicus Therapeutics, Inc		3,086,636
	93,531	*,e	Amneal Pharmaceuticals, Inc		404,989
	30,621	*	Amphastar Pharmaceuticals, Inc		613,032
	20,213	*	AnaptysBio, Inc		363,025
	35,161	*,e	Anavex Life Sciences Corp		148,379
	5,085	*	ANI Pharmaceuticals, Inc		150,567
	8,992	*	Anika Therapeutics, Inc		327,309
	45,552	*	Apellis Pharmaceuticals, Inc		1,179,341
	29,630	*	Applied Genetic Technologies Corp		156,446
	13,096	*,e	Applied Therapeutics, Inc		337,877
	5,480	*	Aprea Therapeutics, Inc		150,316
	48,662	*,e	Aptinyx, Inc		183,456
	39,841	*,e	Aquestive Therapeutics, Inc		209,564
	10,639	*	Arcturus Therapeutics Holdings, Inc		555,675
	27,301	*	Arcus Biosciences, Inc		537,284
	7,751	*,e	Arcutis Biotherapeutics, Inc		206,952
	51,662	*	Ardelyx, Inc		291,890
	45,723	*	Arena Pharmaceuticals, Inc		2,806,935
	82,345	*	Arrowhead Pharmaceuticals Inc		3,546,599
	23,781	*	Arvinas, Inc		749,102
	43,384	*,e	Aspira Women’s Health, Inc		193,926
	23,728	*	Assembly Biosciences, Inc		526,762
	38,131	*	Atara Biotherapeutics, Inc		472,443
	56,635	*	Athenex, Inc		600,897
	196,397	*,e	Athersys, Inc		502,776
	12,845	*,e	Atreca, Inc		166,343
	337,386	*	Avantor, Inc		7,449,483
	18,249	*	Avenue Therapeutics, Inc		184,862
	44,172	*	Avid Bioservices, Inc		327,756
	19,590	*,e	Avrobio, Inc		332,051
	37,400	*	Axcella Health, Inc		167,926
	22,210	*	Axsome Therapeutics, Inc		1,584,239
	18,702	*	Aytu BioScience, Inc		25,996
	10,163	*,e	Beam Therapeutics, Inc		196,552
	15,152	*	Bellerophon Therapeutics, Inc		194,552
	484	*	Beyondspring Inc		5,339
	126,095	*	BioCryst Pharmaceuticals, Inc		513,207
	61,266	*	BioDelivery Sciences International, Inc		256,705
	133,385	*	Biogen, Inc		36,639,526
	38,401	*	Biohaven Pharmaceutical Holding Co Ltd		2,459,200
	149,249	*	BioMarin Pharmaceutical, Inc		17,881,523

166

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	17,272	*	Bio-Rad Laboratories, Inc (Class A)	$	9,065,900
	6,467	*	Biospecifics Technologies Corp		405,222
	31,185		Bio-Techne Corp		8,580,865
	10,230	*	Bioxcel Therapeutics Inc		464,033
	52,993	*	Bluebird Bio, Inc		3,216,675
	44,702	*	Blueprint Medicines Corp		3,271,292
	21,804	*,e	BrainStorm Cell Therapeutics, Inc		295,444
	64,201	*,e	Bridgebio Pharma, Inc		1,806,616
	1,860,196		Bristol-Myers Squibb Co		109,119,097
	82,689		Bruker BioSciences Corp		3,689,583
	6,432	*	Cabaletta Bio, Inc		73,518
	83,101	*	Calithera Biosciences, Inc		390,575
	4,890	*,e	Calyxt, Inc		21,565
	33,868	*,e	Cara Therapeutics, Inc		556,790
	34,412	*	CareDx, Inc		1,147,640
	32,782	*	CASI Pharmaceuticals, Inc		63,269
	64,517	*,e	Cassava Sciences, Inc		204,519
	7,795	*	Castle Biosciences, Inc		301,822
	27,064	*	Catabasis Pharmaceuticals, Inc		156,430
	126,672	*	Catalent, Inc		11,063,532
	78,821	*	Catalyst Pharmaceuticals, Inc		338,930
	443	*,e	Cellular Biomedicine Group, Inc		5,834
	29,568	*,e	CEL-SCI Corp		369,896
	68	*,e	Centogene NV		864
	78,552	*	Cerecor Inc		214,447
	40,180	*	Charles River Laboratories International, Inc		7,995,418
	97,406	*	Checkpoint Therapeutics Inc		219,164
	36,243	*	ChemoCentryx, Inc		1,910,369
	18,108	*	Chiasma, Inc		79,132
	86,489	*	Chimerix, Inc		268,981
	34,246	*,e	ChromaDex Corp		173,285
	51,151	*	Cidara Therapeutics, Inc		186,701
	42,407	*,e	Clovis Oncology, Inc		245,537
	41,571	*,e	Codexis, Inc		491,785
	46,985	*	Coherus Biosciences, Inc		826,466
	25,433	*	Collegium Pharmaceutical, Inc		401,333
	30,891	*	Concert Pharmaceuticals, Inc		286,360
	22,574	*	Constellation Pharmaceuticals, Inc		607,015
	27,740	*,e	ContraFect Corp		154,234
	55,322	*,e	Corbus Pharmaceuticals Holdings, Inc		346,869
	79,309	*,e	Corcept Therapeutics, Inc		1,185,670
	21,126	*	CorMedix Inc		94,011
	12,822	*,e	Cortexyme Inc		510,957
	22,077	*	Crinetics Pharmaceuticals, Inc		306,429
	24,217	*	Cue Biopharma, Inc		457,943
	38,893	*	Cymabay Therapeutics, Inc		138,070
	45,336	*,e	Cytokinetics, Inc		980,164
	30,020	*	CytomX Therapeutics, Inc		210,440
	30,488	*	Deciphera Pharmaceuticals, Inc		1,413,729
	51,326	*	Denali Therapeutics, Inc		1,202,055
	13,115	*	DermTech, Inc		138,888
	44,923	*	Dicerna Pharmaceuticals, Inc		965,845
	161,075	*,e	Durect Corp		315,707
	20,577	*	Dyadic International, Inc		178,608
	69,581	*,e	Dynavax Technologies Corp		564,302
	11,556	*	Eagle Pharmaceuticals, Inc		536,083

167

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	47,801	*,e	Editas Medicine, Inc	$	1,403,437
	9,507	*	Eidos Therapeutics, Inc		381,231
	19,717	*	Eiger BioPharmaceuticals, Inc		198,156
	332,078	*	Elanco Animal Health, Inc		7,847,003
	694,641		Eli Lilly & Co		104,397,596
	14,278	*,e	Eloxx Pharmaceuticals, Inc		39,836
	38,135	*	Emergent Biosolutions, Inc		4,242,137
	14,213	*	Enanta Pharmaceuticals, Inc		651,666
	205,862	*	Endo International plc		716,400
	504	*,e	Enochian Biosciences Inc		1,940
	64,407	*	Epizyme, Inc		891,393
	24,946	*,e	Esperion Thereapeutics, Inc		938,718
	423	*,e	Evelo Biosciences, Inc		1,612
	12,830	*	Evofem Biosciences Inc		38,362
	22,516	*,e	Evolus, Inc		73,402
	121,703	*	Exact Sciences Corp		11,531,359
	251,737	*	Exelixis, Inc		5,812,607
	70,922	*,e	Exicure, Inc		158,865
	50,772	*,e	Fate Therapeutics, Inc		1,587,640
	21,763	*,e	Fennec Pharmaceuticals, Inc		183,789
	66,426	*	FibroGen, Inc		2,688,260
	43,075	*	Five Prime Therapeutics, Inc		254,143
	40,196	*,e	Flexion Therapeutics, Inc		545,460
	22,115	*	Fluidigm Corp		155,690
	73,530	*	Fortress Biotech, Inc		204,046
	22,920	*,e	Frequency Therapeutics, Inc		484,529
	11,092	*	Fulcrum Therapeutics, Inc		176,030
	33,572	*	G1 Therapeutics, Inc		492,501
	75,191	*,e	Galectin Therapeutics, Inc		196,249
	23,320	*,e	Genprex, Inc		78,588
	106,546	*	Geron Corp		169,408
	1,032,927		Gilead Sciences, Inc		71,819,414
	47,293	*	Global Blood Therapeutics, Inc		3,191,332
	22,054	*	GlycoMimetics, Inc		86,893
	35,567	*	Gossamer Bio, Inc		423,959
	53,752	*,e	Gritstone Oncology, Inc		172,275
	105,627	*	Halozyme Therapeutics, Inc		2,871,998
	6,122	*	Harpoon Therapeutics, Inc		67,403
	35,907	*,e	Harrow Health, Inc		196,770
	63,695	*	Harvard Bioscience, Inc		198,091
	71,504	*	Heron Therapeutics, Inc		1,164,800
	29,898	*	Homology Medicines, Inc		393,159
	17,936	*,e	Hookipa Pharma, Inc		173,262
	150,423	*	Horizon Therapeutics Plc		9,204,383
	62,448	*	iBio, Inc		277,269
	14,055	*	Ideaya Biosciences, Inc		177,234
	6,896	*	IGM Biosciences, Inc		346,593
	120,957	*	Illumina, Inc		46,224,927
	2,811	*	Immunic, Inc		48,349
	149,740	*	Immunogen, Inc		615,431
	168,691	*	Immunomedics, Inc		7,123,821
	15,516	*	Immunovant, Inc		350,817
	148,701	*	Incyte Corp		14,685,711
	52,569	*	Innoviva, Inc		712,047
	117,173	*,e	Inovio Pharmaceuticals, Inc		2,277,843
	82,523	*	Insmed, Inc		2,155,501

168

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	37,309	*,e	Intellia Therapeutics, Inc	$	664,473
	22,545	*,e	Intercept Pharmaceuticals, Inc		1,028,954
	15,949	*	Intersect ENT, Inc		274,163
	43,603	*	Intra-Cellular Therapies, Inc		864,429
	93,996	*,e	Invitae Corp		2,744,683
	106,631	*	Ionis Pharmaceuticals, Inc		6,137,680
	110,846	*	Iovance Biotherapeutics, Inc		3,222,293
	155,825	*	IQVIA Holdings, Inc		24,681,122
	123,559	*	Ironwood Pharmaceuticals, Inc		1,133,036
	36,685	*	IVERIC bio, Inc		147,107
	45,781	*	Jazz Pharmaceuticals plc		4,955,793
	2,174,026		Johnson & Johnson		316,886,030
	8,662	*	Jounce Therapeutics, Inc		39,672
	107,669	*	Kadmon Holdings, Inc		394,069
	39,282	*,e	Kala Pharmaceuticals, Inc		343,718
	28,085	*,e	Kaleido Biosciences Inc		167,667
	25,478	*	KalVista Pharmaceuticals Inc		250,449
	12,615	*	Karuna Therapeutics, Inc		1,031,907
	48,977	*	Karyopharm Therapeutics, Inc		786,081
	5,663	*	Keros Therapeutics, Inc		181,782
	37,630	*	Kezar Life Sciences, Inc		164,443
	35,019	*	Kindred Biosciences, Inc		115,213
	10,987	*	Kiniksa Pharmaceuticals Ltd		214,466
	22,103	*,e	Kodiak Sciences, Inc		1,024,032
	8,561	*	Krystal Biotech Inc		353,484
	43,174	*	Kura Oncology, Inc		709,781
	10,743	*,e	La Jolla Pharmaceutical Co		42,757
	25,546	*,e	Lannett Co, Inc		151,999
	25,029	*,e	Lexicon Pharmaceuticals, Inc		48,556
	11,717	*,e	Ligand Pharmaceuticals, Inc (Class B)		1,372,998
	31,107	*,e	Liquidia Technologies, Inc		172,022
	395	*,e	LogicBio Therapeutics, Inc		3,097
	34,895		Luminex Corp		1,270,178
	42,538	*	MacroGenics, Inc		1,080,465
	7,135	*,e	Madrigal Pharmaceuticals, Inc		732,122
	16,996	*	Magenta Therapeutics, Inc		119,312
	1,525	*,e	Mallinckrodt plc		3,401
	154,295	*,e	MannKind Corp		240,700
	68,624	*	Marinus Pharmaceuticals, Inc		115,288
	96,614	*,e	Marker Therapeutics Inc		194,194
	52,150	*,e	MediciNova, Inc		324,373
	23,430	*	Medpace Holdings, Inc		2,796,371
	69,191	*	MEI Pharma, Inc		192,005
	11,823	*	MeiraGTx Holdings plc		153,581
	51,728	*,e	Menlo Therapeutics, Inc		83,282
	2,083,006		Merck & Co, Inc		167,140,401
	37,997	*	Mersana Therapeutics, Inc		755,380
	19,328	*	Mettler-Toledo International, Inc		18,071,680
	76,387	*	Minerva Neurosciences, Inc		266,209
	29,945	*	Mirati Therapeutics, Inc		3,632,628
	210	*,e	Mirum Pharmaceuticals, Inc		4,637
	220,119	*	Moderna, Inc		16,310,818
	17,414	*	Molecular Templates, Inc		191,032
	93,528	*	Momenta Pharmaceuticals, Inc		2,758,141
	11,153	*,e	Morphic Holding, Inc		251,054
	968	*	Mustang Bio, Inc		2,981

169

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	419,931	*	Mylan NV	$	6,765,088
	39,903	*	MyoKardia, Inc		3,596,457
	53,111	*	Myriad Genetics, Inc		641,050
	28,053	*	NanoString Technologies, Inc		1,012,994
	23,404	*,e	NantKwest, Inc		261,657
	56,843	*	Natera, Inc		2,729,601
	139,476	*	Nektar Therapeutics		3,090,788
	84,416	*	NeoGenomics, Inc		3,227,224
	24,237	*,e	Neoleukin Therapeutics, Inc		234,614
	20,430	*,e	Neubase Therapeutics, Inc		151,897
	75,449	*	Neurocrine Biosciences, Inc		9,081,042
	12,885	*	NextCure Inc		114,934
	17,618	*	NGM Biopharmaceuticals Inc		322,233
	47,454	*,e	Novavax, Inc		6,790,667
	55,556	*,e	Nymox Pharmaceutical Corp		178,890
	35,263	*,e	Ocular Therapeutix, Inc		276,462
	13,206	*	Odonate Therapeutics, Inc		480,302
	55,127	*,e	Omeros Corp		707,279
	64,026	*	Oncocyte Corp		86,435
	338,794	*,e	Opko Health, Inc		1,744,789
	19,877	*,e	Optinose, Inc		101,273
	359	*,e	Organogenesis Holdings Inc		1,321
	29,283	*,e	Orgenesis, Inc		161,642
	7,067	*	ORIC Pharmaceuticals, Inc		141,835
	35,176	*,e	Ovid therapeutics, Inc		226,885
	4,552	*	Oyster Point Pharma, Inc		101,828
	134,024	*,e	Pacific Biosciences of California, Inc		499,910
	35,439	*	Pacira BioSciences Inc		1,864,446
	14,086	*,e	Paratek Pharmaceuticals, Inc		61,556
	11,142	*	Passage Bio, Inc		174,261
	106,520	*	PDL BioPharma, Inc		338,734
	91,870		PerkinElmer, Inc		10,924,262
	111,853		Perrigo Co plc		5,930,446
	15,582	*	Personalis, Inc		271,283
	31,586	*	Pfenex, Inc		223,945
	4,572,698		Pfizer, Inc		175,957,419
	466	*,e	PhaseBio Pharmaceuticals Inc		1,864
	8,447	*	Phathom Pharmaceuticals, Inc		280,947
	12,126		Phibro Animal Health Corp		281,263
	20,154	*	Pieris Pharmaceuticals, Inc		51,796
	51,940	*	PRA Health Sciences, Inc		5,534,726
	27,039	*	Precision BioSciences Inc		171,968
	41,502	*	Prestige Consumer Healthcare, Inc.		1,543,459
	12,484	*	Prevail Therapeutics, Inc		186,885
	23,980	*	Principia Biopharma, Inc		2,004,728
	72,597	*,†	Progenics Pharmaceuticals, Inc		0
	20,167	*	Protagonist Therapeutics, Inc		317,227
	27,173	*	Prothena Corp plc		332,598
	34,533	*,e	Provention Bio, Inc		358,798
	53,230	*	PTC Therapeutics, Inc		2,466,146
	19,518	*	Puma Biotechnology, Inc		201,231
	187,824	*	QIAGEN NV		9,287,897
	15,418	*	Quanterix Corp		498,156
	41,785	*	Radius Health, Inc		524,402
	8,929	*	RAPT Therapeutics, Inc		192,866
	18,930	*	Reata Pharmaceuticals, Inc		2,795,961

170

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	48,451	*	Recro Pharma, Inc	$	198,165
	79,705	*	Regeneron Pharmaceuticals, Inc		50,379,139
	32,795	*	REGENXBIO, Inc		1,085,515
	11,432	*,e	Relmada Therapeutics, Inc		415,782
	43,663	*	Repligen Corp		6,589,183
	18,255	*	Replimune Group, Inc		364,552
	22,914	*	Retrophin, Inc		455,530
	38,130	*	Revance Therapeutics, Inc		895,292
	10,561	*	REVOLUTION Medicines, Inc		254,731
	20,143	*	Rhythm Pharmaceuticals, Inc		387,148
	92,187	*	Rigel Pharmaceuticals, Inc		212,030
	27,002	*	Rocket Pharmaceuticals, Inc		635,357
	29,232	*,e	Rubius Therapeutics, Inc		143,529
	41,478	*	Sage Therapeutics, Inc		1,890,152
	93,549	*	Sangamo Therapeutics Inc		1,013,136
	60,912	*,e	Sarepta Therapeutics, Inc		9,351,210
	4,005	*	Satsuma Pharmaceuticals, Inc		94,558
	15,936	*	Scholar Rock Holding Corp		179,917
	10,139	*,e	Schrodinger, Inc		733,861
	23,810	*	scPharmaceuticals, Inc		178,575
	99,683	*	Seattle Genetics, Inc		16,574,292
	66,446	*,e	Selecta Biosciences, Inc		158,141
	55,029	*,e	Seres Therapeutics, Inc		205,808
	33,990	*,e	SIGA Technologies, Inc		218,216
	6,328	*,e	Solid Biosciences, Inc		16,643
	142,785	*,e	Sorrento Therapeutics, Inc		1,273,642
	119,880	*	Spectrum Pharmaceuticals, Inc		358,441
	14,750	*	Spero Therapeutics, Inc		172,575
	17,291	*	SpringWorks Therapeutics, Inc		737,115
	14,312	*	Stoke Therapeutics, Inc		360,519
	48,076	*	Strongbridge Biopharma plc		162,016
	37,057	*	Supernus Pharmaceuticals, Inc		825,074
	366	*	Sutro Biopharma, Inc		2,844
	16,000	*	Syndax Pharmaceuticals, Inc		225,760
	52,398	*	Syneos Health, Inc		3,269,111
	46,161	*	Syros Pharmaceuticals, Inc		438,068
	20,407	*	TCR2 Therapeutics Inc		341,817
	78,766	*	TG Therapeutics, Inc		1,542,238
	230,647	*,e	TherapeuticsMD, Inc		426,697
	40,680	*	Theravance Biopharma, Inc		790,006
	325,466		Thermo Fisher Scientific, Inc		134,726,651
	41,266	*	Translate Bio, Inc		626,831
	25,081	*	Tricida, Inc		335,584
	23,232	*	Turning Point Therapeutics Inc		1,376,031
	25,162	*	Twist Bioscience Corp		1,410,078
	141,966	*,e	Tyme Technologies, Inc		168,940
	45,646	*,e	Ultragenyx Pharmaceutical, Inc		3,567,691
	34,715	*	United Therapeutics Corp		3,869,681
	13,174	*	UNITY Biotechnology, Inc		124,231
	14,050	*,e	UroGen Pharma Ltd		310,364
	45,133	*	Vanda Pharmaceuticals, Inc		454,941
	46,665	*	Vaxart, Inc		438,184
	127,867	*,e	VBI Vaccines, Inc		520,419
	37,444	*	Veracyte, Inc		1,335,627
	134,281	*,e	Verastem, Inc		179,937
	36,565	*	Vericel Corp		602,957

171

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	466	*	Verrica Pharmaceuticals, Inc	$	3,057
	13,967	*,e	Versartis, Inc		82,266
	212,920	*	Vertex Pharmaceuticals, Inc		57,914,240
	16,300	*	Viela Bio, Inc		596,743
	60,771	*,e	Viking Therapeutics, Inc		426,612
	37,706	*,e	Vir Biotechnology, Inc		1,800,839
	19,222	*	Voyager Therapeutics, Inc		212,788
	50,138	*	Waters Corp		10,686,915
	11,876	*,e	WaVe Life Sciences Ltd		104,271
	20,872	*	X4 Pharmaceuticals, Inc		154,870
	14,762	*,e	XBiotech, Inc		214,639
	45,046	*	Xencor, Inc		1,355,434
	52,640	*,e	Xeris Pharmaceuticals, Inc		150,550
	24,372	*	Y-mAbs Therapeutics, Inc		856,188
	8,380	*	Zentalis Pharmaceuticals, Inc		289,110
	173,675	*,e	ZIOPHARM Oncology, Inc		515,815
	392,948		Zoetis, Inc		59,602,353
	45,182	*	Zogenix, Inc		1,074,880
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		2,158,917,590
REAL ESTATE - 3.5%
	72,354		Acadia Realty Trust		871,142
	43,436		Agree Realty Corp		2,908,909
	61,154		Alexander & Baldwin, Inc		722,840
	1,711		Alexander’s, Inc		430,813
	102,335		Alexandria Real Estate Equities, Inc		18,169,579
	12,571		Alpine Income Property Trust, Inc		176,497
	7,051	*,e	Altisource Portfolio Solutions S.A.		94,695
	39,364		American Assets Trust, Inc		1,062,828
	113,076		American Campus Communities, Inc		4,030,029
	79,965		American Finance Trust, Inc		584,144
	215,008		American Homes 4 Rent		6,235,232
	364,371		American Tower Corp		95,242,936
	164,763		Americold Realty Trust		6,648,187
	118,116		Apartment Investment & Management Co		4,585,263
	170,238		Apple Hospitality REIT, Inc		1,501,499
	28,825		Armada Hoffler Properties, Inc		277,873
	116,107		AvalonBay Communities, Inc		17,778,304
	19,057		Bluerock Residential Growth REIT, Inc		137,973
	128,557		Boston Properties, Inc		11,453,143
	136,083		Brandywine Realty Trust		1,473,779
	234,330		Brixmor Property Group, Inc		2,697,138
	61,686		Brookfield Property REIT, Inc		716,174
	16,793		Brt Realty Trust		173,304
	76,927		Camden Property Trust		6,985,741
	72,865		CareTrust REIT, Inc		1,313,027
	58,020		CatchMark Timber Trust, Inc		566,275
	276,955	*	CBRE Group, Inc		12,133,398
	45,110		Chatham Lodging Trust		235,023
	435		CIM Commercial Trust Corp		4,437
	48,735		City Office REIT, Inc		421,558
	8,392		Clipper Realty, Inc		56,059
	367,520		Colony Capital, Inc		705,638
	97,660		Columbia Property Trust, Inc		1,168,014
	15,842		Community Healthcare Trust, Inc		724,455
	104,711		CoreCivic, Inc		932,975

172

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	11,193		CorEnergy Infrastructure Trust, Inc	$	98,051
	33,595		CorePoint Lodging, Inc		187,796
	32,520		Coresite Realty		4,196,706
	89,187		Corporate Office Properties Trust		2,361,672
	117,310		Cousins Properties, Inc		3,603,763
	342,958		Crown Castle International Corp		57,171,099
	3,757		CTO Realty Growth, Inc		148,927
	158,480		CubeSmart		4,702,102
	96,164	*	Cushman & Wakefield plc		1,028,955
	94,595		CyrusOne, Inc		7,891,115
	167,918		DiamondRock Hospitality Co		775,781
	219,067		Digital Realty Trust, Inc		35,169,016
	160,993		Diversified Healthcare Trust		627,068
	135,558		Douglas Emmett, Inc		3,950,160
	304,115		Duke Realty Corp		12,222,382
	62,413		Easterly Government Properties, Inc		1,525,998
	31,841		EastGroup Properties, Inc		4,224,027
	109,215		Empire State Realty Trust, Inc		720,819
	67,062		EPR Properties		1,919,985
	72,466		Equinix, Inc		56,920,594
	102,198		Equity Commonwealth		3,226,391
	142,920		Equity Lifestyle Properties, Inc		9,764,294
	301,277		Equity Residential		16,157,485
	76,829		Essential Properties Realty Trust, Inc		1,236,947
	53,937		Essex Property Trust, Inc		11,906,053
	22,917	*,e	eXp World Holdings Inc		455,361
	104,261		Extra Space Storage, Inc		10,774,332
	22,483		Farmland Partners, Inc		155,357
	60,363		Federal Realty Investment Trust		4,605,697
	100,207		First Industrial Realty Trust, Inc		4,401,091
	13,449	*	Forestar Group, Inc		232,802
	61,141		Four Corners Property Trust, Inc		1,540,753
	64,736		Franklin Street Properties Corp		339,864
	62,556		Front Yard Residential Corp		542,360
	6,508	*	FRP Holdings, Inc		254,593
	168,706		Gaming and Leisure Properties, Inc		6,108,844
	107,144		Geo Group, Inc		1,138,941
	27,866		Getty Realty Corp		825,670
	29,856		Gladstone Commercial Corp		543,379
	15,362		Gladstone Land Corp		247,021
	20,407		Global Medical REIT, Inc		242,639
	84,263		Global Net Lease, Inc		1,402,979
	106,733		Healthcare Realty Trust, Inc		3,127,277
	173,510		Healthcare Trust of America, Inc		4,790,611
	442,156		Healthpeak Properties Inc		12,066,437
	28,502		Hersha Hospitality Trust		135,669
	84,521		Highwoods Properties, Inc		3,240,535
	588,910		Host Hotels and Resorts, Inc		6,348,450
	30,482	*	Howard Hughes Corp		1,621,338
	119,369		Hudson Pacific Properties		2,813,527
	76,273		Independence Realty Trust, Inc		877,139
	55,002		Industrial Logistics Properties Trust		1,161,092
	13,537		Innovative Industrial Properties, Inc		1,410,961
	11,339		Investors Real Estate Trust		819,810
	444,220		Invitation Homes, Inc		13,246,640
	237,199		Iron Mountain, Inc		6,686,640

173

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	59,934		iStar Inc	$	695,834
	103,192		JBG SMITH Properties		2,993,600
	17,161		Jernigan Capital, Inc		240,426
	43,635		Jones Lang LaSalle, Inc		4,315,938
	100,883		Kennedy-Wilson Holdings, Inc		1,497,104
	94,200		Kilroy Realty Corp		5,489,034
	346,932		Kimco Realty Corp		3,868,292
	63,990		Kite Realty Group Trust		631,581
	72,035		Lamar Advertising Co		4,734,861
	203,502		Lexington Realty Trust		2,360,623
	38,776		Life Storage, Inc		3,805,089
	37,160		LTC Properties, Inc		1,380,494
	99,489		Macerich Co		759,101
	80,283		Mack-Cali Realty Corp		1,157,681
	25,581	*	Marcus & Millichap, Inc		696,826
	7,257	*	Maui Land & Pineapple Co, Inc		75,545
	419,752		Medical Properties Trust, Inc		8,449,608
	92,945		Mid-America Apartment Communities, Inc		11,078,115
	83,471		Monmouth Real Estate Investment Corp (Class A)		1,204,486
	34,999		National Health Investors, Inc		2,169,938
	139,146		National Retail Properties, Inc		4,932,726
	53,091		National Storage Affiliates Trust		1,636,265
	60,647		New Senior Investment Group, Inc		206,200
	119,122		Newmark Group, Inc		484,826
	15,499		NexPoint Residential Trust, Inc		592,527
	39,570		Office Properties Income Trust		995,185
	190,607		Omega Healthcare Investors, Inc		6,171,855
	13,192		One Liberty Properties, Inc		223,868
	124,175		Outfront Media, Inc		1,789,362
	162,364		Paramount Group, Inc		1,157,655
	202,974		Park Hotels & Resorts, Inc		1,678,595
	107,615		Pebblebrook Hotel Trust		1,140,719
	165,545		Physicians Realty Trust		2,986,432
	94,193		Piedmont Office Realty Trust, Inc		1,526,868
	16,091		Plymouth Industrial REIT, Inc		213,528
	53,254		PotlatchDeltic Corp		2,279,804
	32,735		Preferred Apartment Communities, Inc		236,674
	608,591		Prologis, Inc		64,157,663
	17,427		PS Business Parks, Inc		2,404,055
	123,550		Public Storage, Inc		24,695,174
	47,897		QTS Realty Trust, Inc		3,446,189
	10,739	*	Rafael Holdings, Inc		150,024
	112,860		Rayonier, Inc		3,135,251
	11,593		Re/Max Holdings, Inc		375,265
	94,404	e	Realogy Holdings Corp		855,300
	281,333		Realty Income Corp		16,894,047
	79,512	*	Redfin Corp		3,306,109
	139,788		Regency Centers Corp		5,735,502
	100,002		Retail Opportunities Investment Corp		1,087,022
	186,975		Retail Properties of America, Inc		1,189,161
	11,197		Retail Value, Inc		141,754
	96,230		Rexford Industrial Realty, Inc		4,516,074
	152,576		RLJ Lodging Trust		1,222,134
	12,486		RMR Group, Inc		359,097
	65,165		RPT Realty		405,326
	38,462		Ryman Hospitality Properties		1,231,553

174

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	167,433		Sabra Healthcare REIT, Inc	$	2,467,962
	14,100		Safehold, Inc		711,063
	10,328		Saul Centers, Inc		317,173
	90,598		SBA Communications Corp		28,224,901
	22,763	*	Seritage Growth Properties		211,923
	116,772		Service Properties Trust		782,372
	249,285		Simon Property Group, Inc		15,542,920
	124,095		SITE Centers Corp		909,616
	60,788		SL Green Realty Corp		2,826,642
	84,236		Spirit Realty Capital, Inc		2,902,773
	27,001	*	St. Joe Co		556,491
	125,438		STAG Industrial, Inc		4,089,279
	184,135		STORE Capital Corp		4,362,158
	3,026	*	Stratus Properties, Inc		57,797
	99,511		Summit Hotel Properties, Inc		515,467
	78,916		Sun Communities, Inc		11,831,876
	169,681		Sunstone Hotel Investors, Inc		1,269,214
	63,644		Tanger Factory Outlet Centers, Inc		409,231
	48,089		Taubman Centers, Inc		1,862,006
	24,822	*	Tejon Ranch Co		356,196
	56,674		Terreno Realty Corp		3,443,512
	236,695		UDR, Inc		8,568,359
	30,971		UMH Properties, Inc		380,943
	158,030		Uniti Group, Inc		1,564,497
	10,729		Universal Health Realty Income Trust		746,524
	88,947		Urban Edge Properties		932,165
	27,003		Urstadt Biddle Properties, Inc (Class A)		264,899
	310,266		Ventas, Inc		11,901,804
	883,721		VEREIT, Inc		5,753,024
	387,718		VICI Properties, Inc		8,417,358
	143,854		Vornado Realty Trust		4,965,840
	65,408		Washington REIT		1,462,523
	92,135		Weingarten Realty Investors		1,571,823
	344,453		Welltower, Inc		18,448,903
	618,099		Weyerhaeuser Co		17,189,333
	24,406		Whitestone REIT		161,080
	141,329		WP Carey, Inc		10,086,651
	87,223		Xenia Hotels & Resorts, Inc		694,295
			TOTAL REAL ESTATE		935,038,434
RETAILING - 7.6%
	16,881	*	1-800-FLOWERS.COM, Inc (Class A)		476,888
	57,040		Aaron’s, Inc		2,976,347
	51,014		Abercrombie & Fitch Co (Class A)		491,265
	54,354		Advance Auto Parts, Inc		8,160,710
	349,360	*	Amazon.com, Inc		1,105,612,605
	129,581	e	American Eagle Outfitters, Inc		1,295,810
	4,719	*	America’s Car-Mart, Inc		449,060
	15,914	*,e	Asbury Automotive Group, Inc		1,593,787
	52,589	*,e	At Home Group, Inc		653,155
	50,769	*	Autonation, Inc		2,606,480
	19,134	*	AutoZone, Inc		23,102,774
	114,823	e	Bed Bath & Beyond, Inc		1,242,385
	187,061		Best Buy Co, Inc		18,629,405
	32,051		Big Lots, Inc		1,260,886
	111,526	*	BJ’s Wholesale Club Holdings, Inc		4,466,616

175

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	33,535	*	Booking Holdings, Inc	$	55,739,530
	23,393	*	Boot Barn Holdings, Inc		452,888
	21,538		Buckle, Inc		345,254
	53,619	*	Burlington Stores, Inc		10,080,372
	49,140		Caleres, Inc		310,073
	27,725	e	Camping World Holdings, Inc		1,015,290
	133,353	*	CarMax, Inc		12,931,240
	22,498	*,e	CarParts.com, Inc		309,235
	44,771	*,e	Carvana Co		6,937,266
	15,437		Cato Corp (Class A)		110,992
	229,014		Chico’s FAS, Inc		290,848
	15,230	e	Children’s Place, Inc		371,764
	9,683		Citi Trends, Inc		166,741
	15,537	*,e	Conn’s, Inc		154,749
	10,307	*,e	Container Store Group, Inc		35,559
	37,377		Core-Mark Holding Co, Inc		991,238
	70,501		Designer Brands, Inc		416,661
	51,467		Dick’s Sporting Goods, Inc		2,347,925
	9,201	e	Dillard’s, Inc (Class A)		216,684
	206,382		Dollar General Corp		39,295,133
	192,255	*	Dollar Tree, Inc		17,947,004
	6,009	*,e	Duluth Holdings, Inc		44,407
	547,523		eBay, Inc		30,267,071
	47,170	*,e	Envela Corp		199,529
	98,190	*	Etsy, Inc		11,623,732
	110,763		Expedia Group Inc		8,972,911
	44,342	*	Five Below, Inc		4,829,287
	66,542	*	Floor & Decor Holdings, Inc		4,385,118
	84,819		Foot Locker, Inc		2,492,830
	17,333	*,e	Funko, Inc		96,025
	69,714	*,e	GameStop Corp (Class A)		279,553
	159,878	e	Gap, Inc		2,137,569
	19,142	*	Genesco, Inc		297,658
	115,113		Genuine Parts Co		10,377,437
	53,764	*,e	Greenlane Holdings Inc		207,529
	15,282	e	Group 1 Automotive, Inc		1,283,994
	22,783	*	Groupon, Inc		349,719
	33,004	*	GrowGeneration Corp		278,554
	76,613	*	GrubHub, Inc		5,534,523
	45,170	e	Guess?, Inc		467,058
	10,599	e	Haverty Furniture Cos, Inc		150,718
	16,234	*,e	Hibbett Sports, Inc		376,466
	886,289		Home Depot, Inc		235,300,867
	53,477	*	Hudson Ltd		234,229
	127,915		Kohl’s Corp		2,435,502
	191,628		L Brands, Inc		4,677,639
	28,187	*	Lands’ End, Inc		242,972
	11,183	*	Liquidity Services, Inc		57,592
	18,148	e	Lithia Motors, Inc (Class A)		4,158,614
	248,061	*	LKQ Corp		6,992,840
	622,762		Lowe’s Companies, Inc		92,735,489
	23,947	*	Lumber Liquidators, Inc		534,497
	255,025	e	Macy’s, Inc		1,545,452
	15,838	*	MarineMax, Inc		439,346
	40,741	*,e	Michaels Cos, Inc		292,520
	26,546		Monro Muffler, Inc		1,494,540

176

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	23,729	*	Murphy USA, Inc	$	3,141,957
	67,677	*	National Vision Holdings, Inc		2,164,987
	89,992	e	Nordstrom, Inc		1,231,990
	49,853	*	ODP Corp		1,100,256
	43,417	*,e	Ollie’s Bargain Outlet Holdings, Inc		4,563,127
	172	*	OneWater Marine, Inc		4,300
	59,994	*	O’Reilly Automotive, Inc		28,639,936
	33,647	*	Overstock.com, Inc		2,543,377
	28,161		Penske Auto Group, Inc		1,262,176
	16,363	e	PetMed Express, Inc		510,526
	32,350		Pool Corp		10,245,245
	55,037	*	Quotient Technology, Inc		440,846
	313,500	*	Qurate Retail Group, Inc QVC Group		3,420,285
	43,918	*	RealReal, Inc		599,042
	36,300		Rent-A-Center, Inc		1,049,796
	13,464	*	RH		3,869,958
	286,181		Ross Stores, Inc		25,661,850
	96,950	*,e	Sally Beauty Holdings, Inc		1,125,590
	8,730	e	Shoe Carnival, Inc		214,322
	15,997		Shutterstock, Inc		869,277
	32,291	e	Signet Jewelers Ltd		346,805
	24,492	*	Sleep Number Corp		1,138,878
	22,753	e	Sonic Automotive, Inc (Class A)		867,344
	38,973	*	Sportsman’s Warehouse Holdings, Inc		627,076
	13,894	*	Stamps.com, Inc		3,616,330
	45,761	*,e	Stitch Fix Inc		1,013,606
	409,721		Target Corp		51,575,679
	99,677		Tiffany & Co		12,495,509
	32,628		Tilly’s, Inc		196,094
	983,040		TJX Companies, Inc		51,108,250
	94,667		Tractor Supply Co		13,512,768
	44,127	*	Ulta Beauty, Inc		8,516,070
	52,424	*	Urban Outfitters, Inc		867,093
	48,192	*,e	Waitr Holdings Inc		257,345
	53,925	*,e	Wayfair, Inc		14,348,903
	2,679		Weyco Group, Inc		49,347
	62,110	e	Williams-Sonoma, Inc		5,411,023
	3,408		Winmark Corp		541,804
	18,171	*	Zumiez, Inc		419,750
			TOTAL RETAILING		2,018,846,923
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.4%
	31,912	*	Acacia Communications, Inc		2,169,378
	31,948	*	Advanced Energy Industries, Inc		2,350,414
	958,786	*	Advanced Micro Devices, Inc		74,238,800
	9,859	*	Alpha & Omega Semiconductor Ltd		107,365
	27,031	*	Ambarella, Inc		1,223,964
	79,610	*	Amkor Technology, Inc		1,082,298
	303,667		Analog Devices, Inc		34,876,155
	756,261		Applied Materials, Inc		48,650,270
	23,392	*	Atomera, Inc		248,891
	23,093	*	Axcelis Technologies, Inc		679,396
	24,600	*	AXT, Inc		117,834
	322,119		Broadcom, Inc		102,031,193
	59,014		Brooks Automation, Inc		3,213,312
	23,661		Cabot Microelectronics Corp		3,566,186

177

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	18,136	*	Ceva, Inc	$	729,067
	49,124	*	Cirrus Logic, Inc		3,366,468
	23,648		Cohu, Inc		445,292
	89,437	*	Cree, Inc		6,163,998
	5,871	*	CyberOptics Corp		231,024
	34,451	*	Diodes, Inc		1,772,504
	26,058	*	DSP Group, Inc		386,961
	86,458	*	Enphase Energy, Inc		5,218,605
	110,456		Entegris, Inc		7,942,891
	68,417	*,e	First Solar, Inc		4,074,232
	62,584	*	Formfactor, Inc		1,804,923
	519	*	GSI Technology, Inc		2,969
	17,609	*	Ichor Holdings Ltd		577,927
	11,186	*	Impinj, Inc		263,990
	39,156	*	Inphi Corp		5,116,123
	3,494,021		Intel Corp		166,769,622
	128,192		KLA Corp		25,616,607
	119,153		Lam Research Corp		44,939,745
	110,907	*	Lattice Semiconductor Corp		3,448,099
	38,479	*	MACOM Technology Solutions Holdings, Inc		1,626,123
	544,805		Marvell Technology Group Ltd		19,869,038
	214,696		Maxim Integrated Products, Inc		14,618,651
	54,502	*	MaxLinear, Inc		1,381,626
	192,307		Microchip Technology, Inc		19,563,391
	915,452	*	Micron Technology, Inc		45,822,950
	45,042		MKS Instruments, Inc		5,740,152
	35,735		Monolithic Power Systems, Inc		9,470,132
	38,512	*	Nanometrics, Inc		1,456,524
	45,701	*	NeoPhotonics Corp Ltd		416,336
	2,893		NVE Corp		156,916
	486,582		NVIDIA Corp		206,597,851
	333,323	*	ON Semiconductor Corp		6,866,454
	32,655	*	PDF Solutions, Inc		802,660
	53,134	*	Photronics, Inc		631,232
	24,936		Power Integrations, Inc		3,042,940
	95,719	*	Qorvo, Inc		12,266,390
	928,605		QUALCOMM, Inc		98,069,974
	100,313	*	Rambus, Inc		1,480,620
	52,567	*	Semtech Corp		2,929,559
	33,908	*	Silicon Laboratories, Inc		3,408,093
	4,092	*	SiTime Corp		217,490
	138,115		Skyworks Solutions, Inc		20,106,782
	13,342	*,e	SMART Global Holdings, Inc		372,108
	40,028	*	SolarEdge Technologies, Inc		7,008,903
	62,510	*,e	SunPower Corp		583,218
	28,870	*	Synaptics, Inc		2,310,177
	137,654		Teradyne, Inc		12,245,700
	759,044		Texas Instruments, Inc		96,816,062
	27,339	*	Ultra Clean Holdings		822,631
	35,385		Universal Display Corp		6,172,913
	28,677	*	Veeco Instruments, Inc		387,713
	199,836		Xilinx, Inc		21,452,395
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		1,178,140,207
SOFTWARE & SERVICES - 15.0%
	50,246	*	2U, Inc		2,366,335

178

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	80,091	*	8x8, Inc	$	1,273,447
	42,483	*	A10 Networks, Inc		343,263
	527,813		Accenture plc		118,641,806
	88,928	*	ACI Worldwide, Inc		2,382,381
	397,473	*	Adobe, Inc		176,605,203
	131,113	*	Akamai Technologies, Inc		14,742,346
	36,762	*	Alarm.com Holdings, Inc		2,574,810
	35,241		Alliance Data Systems Corp		1,563,291
	33,908	*,e	Altair Engineering, Inc		1,366,492
	43,134	*,e	Alteryx, Inc		7,569,586
	109,464		Amdocs Ltd		6,797,714
	28,684		American Software, Inc (Class A)		472,425
	106,793	*	Anaplan, Inc		4,849,470
	70,878	*	Ansys, Inc		22,014,707
	13,620	*	Appfolio, Inc		1,896,176
	26,406	*,e	Appian Corp		1,343,273
	56,524	*	Aspen Technology, Inc		5,497,524
	102,320	*	Atlassian Corp plc		18,074,828
	180,997	*	Autodesk, Inc		42,793,121
	355,277		Automatic Data Processing, Inc		47,219,866
	62,955	*	Avalara, Inc		8,464,300
	86,639	*	Avaya Holdings Corp		1,096,850
	26,170	*	Benefitfocus, Inc		306,451
	13,196	*	Bill.Com Holdings, Inc		1,228,680
	118,370	*	Black Knight, Inc		8,868,280
	40,981		Blackbaud, Inc		2,562,952
	40,864	*	Blackline, Inc		3,633,218
	112,060		Booz Allen Hamilton Holding Co		9,162,026
	35,352	*	Bottomline Technologies, Inc		1,706,088
	122,078	*	Box, Inc		2,191,300
	15,071	*	Brightcove, Inc		159,451
	93,971		Broadridge Financial Solutions, Inc		12,624,064
	19,802	*	CACI International, Inc (Class A)		4,115,252
	227,957	*	Cadence Design Systems, Inc		24,904,302
	26,773	*	Cardtronics plc		597,841
	11,387		Cass Information Systems, Inc		407,996
	103,509		CDK Global, Inc		4,705,519
	30,578	*	Cerence Inc		1,212,723
	86,964	*	Ceridian HCM Holding, Inc		6,808,412
	32,151	*	ChannelAdvisor Corp		654,916
	100,975		Citrix Systems, Inc		14,415,191
	166,518	*	Cloudera, Inc		1,876,658
	89,345	*	Cloudflare, Inc		3,718,539
	442,965		Cognizant Technology Solutions Corp (Class A)		30,263,369
	30,945	*	Commvault Systems, Inc		1,364,056
	139,863	*	Conduent, Inc		267,138
	65,957		CoreLogic Inc		4,495,629
	49,504	*	Cornerstone OnDemand, Inc		1,757,887
	54,375	*	Coupa Software, Inc		16,663,219
	94,465	*	Crowdstrike Holdings, Inc		10,693,438
	27,869		CSG Systems International, Inc		1,174,121
	124,877	*	Datadog, Inc		11,720,955
	6,281	*,e	Digimarc Corp		88,311
	73,270	*	Digital Turbine, Inc		1,016,988
	144,451	*	DocuSign, Inc		31,321,310
	20,740	*	Domo, Inc		667,413

179

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	200,990	*	Dropbox, Inc	$	4,572,522
	206,785		DXC Technology Co		3,703,519
	124,385	*	Dynatrace, Inc		5,203,025
	14,272	e	Ebix, Inc		314,769
	17,575	*	eGain Corp		174,168
	44,908	*	Elastic NV		4,319,701
	37,232	*	Endurance International Group Holdings, Inc		211,105
	43,306	*	Envestnet, Inc		3,516,447
	43,738	*	EPAM Systems, Inc		12,687,519
	40,407	*	Euronet Worldwide, Inc		3,884,729
	27,770	*	Everbridge, Inc		3,965,556
	49,214		EVERTEC, Inc		1,528,095
	31,315	*	Evo Payments, Inc		710,537
	25,393	*	ExlService Holdings, Inc		1,626,676
	22,934	*	Fair Isaac Corp		10,072,383
	59,661	*	Fastly, Inc		5,756,690
	509,455		Fidelity National Information Services, Inc		74,538,361
	179,934	*	FireEye, Inc		2,717,003
	460,126	*	Fiserv, Inc		45,915,974
	49,516	*	Five9, Inc		5,982,523
	67,555	*	FleetCor Technologies, Inc		17,467,696
	41,074	*	ForeScout Technologies, Inc		1,190,735
	108,830	*	Fortinet, Inc		15,051,189
	71,428	*	Gartner, Inc		8,902,786
	152,956		Genpact Ltd		6,090,708
	245,413		Global Payments, Inc		43,688,422
	29,645	*	Globant S.A.		5,126,806
	135,580	*	GoDaddy, Inc		9,528,562
	50,629	*	GreenSky, Inc		285,801
	27,303	*,e	GTT Communications, Inc		172,009
	1,410	*,e	GTY Technology Holdings Inc		4,583
	68,760	*	Guidewire Software, Inc		8,090,302
	20,078		Hackett Group, Inc		276,876
	33,820	*	HubSpot, Inc		7,934,510
	11,379	*	I3 Verticals, Inc		275,144
	16,673	*	Information Services Group, Inc		34,180
	11,757	*,e	Intelligent Systems Corp		356,472
	731,580		International Business Machines Corp		89,940,445
	658	*	International Money Express Inc		8,870
	208,298		Intuit, Inc		63,816,258
	36,829	*	j2 Global, Inc		2,088,941
	63,157		Jack Henry & Associates, Inc		11,260,893
	110,350		KBR, Inc		2,454,184
	110,553		Leidos Holdings, Inc		10,520,223
	97,464	*	Limelight Networks, Inc		611,099
	49,563	*,e	Liveperson, Inc		2,130,218
	53,494	*	LiveRamp Holdings, Inc		2,437,722
	40,491		LogMeIn, Inc		3,474,533
	53,466	*	Manhattan Associates, Inc		5,121,508
	24,416		Mantech International Corp (Class A)		1,698,865
	729,153		Mastercard, Inc (Class A)		224,965,575
	49,774		MAXIMUS, Inc		3,693,729
	67,130	*	Medallia, Inc		2,062,905
	6,170,294		Microsoft Corp		1,264,971,973
	6,321	*	MicroStrategy, Inc (Class A)		783,298
	45,975	*	Mimecast Ltd		2,157,607

180

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	33,056	*	Mitek Systems, Inc	$	339,155
	71,409	*	MobileIron, Inc		444,878
	27,685	*	Model N, Inc		1,064,765
	62,894	*,e	MoneyGram International, Inc		218,871
	34,576	*	MongoDB, Inc		7,920,670
	38,813	*	New Relic, Inc		2,752,230
	54,609		NIC, Inc		1,197,029
	456,460		NortonLifelock, Inc		9,791,067
	231,678	*	Nuance Communications, Inc		6,336,393
	142,866	*,e	Nutanix, Inc		3,170,197
	94,203	*	Okta, Inc		20,816,979
	24,026	*	OneSpan, Inc		748,170
	1,629,620		Oracle Corp		90,362,429
	56,036	*	Pagerduty, Inc		1,707,977
	80,075	*	Palo Alto Networks, Inc		20,492,794
	265,134		Paychex, Inc		19,068,437
	40,392	*	Paycom Software, Inc		11,486,273
	28,460	*	Paylocity Holding Corp		3,790,872
	969,143	*	PayPal Holdings, Inc		190,019,868
	22,339	*,e	Paysign Inc		208,646
	33,828		Pegasystems, Inc		3,954,155
	21,607	*	Perficient, Inc		847,210
	121,011		Perspecta, Inc		2,589,635
	11,664	*	Ping Identity Holding Corp		400,775
	76,770	*,e	Pluralsight, Inc		1,625,221
	37,398		Progress Software Corp		1,303,694
	46,584	*	Proofpoint, Inc		5,388,371
	31,951	*	PROS Holdings, Inc		1,042,561
	85,886	*	PTC, Inc		7,348,406
	38,151	*	Q2 Holdings, Inc		3,588,102
	14,067		QAD, Inc (Class A)		555,787
	27,779	*	Qualys, Inc		3,430,151
	38,399	*	Rapid7, Inc		2,287,428
	71,981	*	RealPage, Inc		4,535,523
	29,912	*	Repay Holdings Corp		661,953
	664	*	Rimini Street, Inc		3,513
	62,262	*	RingCentral, Inc		18,072,791
	24,952	*	Rosetta Stone, Inc		667,965
	243,545		Sabre Corp		1,841,200
	77,463	*	SailPoint Technologies Holding, Inc		2,440,085
	714,881	*	salesforce.com, Inc		139,294,563
	28,035	e	Sapiens International Corp NV		856,750
	46,331		Science Applications International Corp		3,705,553
	3,251	*,e	SecureWorks Corp		38,882
	156,642	*	ServiceNow, Inc		68,797,166
	4,876	*,e	ShotSpotter, Inc		112,343
	307,160	*	Slack Technologies, Inc		9,076,578
	90,509	*	Smartsheet, Inc		4,320,900
	45,978	*	Smith Micro Software, Inc		189,889
	46,212	*	SolarWinds Corp		848,452
	130,268	*	Splunk, Inc		27,332,832
	5,914	*,e	Sprout Social, Inc		170,855
	28,633	*	SPS Commerce, Inc		2,152,343
	296,202	*	Square, Inc		38,461,830
	186,235		SS&C Technologies Holdings, Inc		10,708,513
	552	*	StarTek, Inc		2,694

181

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	127,058	*	StoneCo Ltd	$	6,061,937
	96,883	*	SVMK, Inc		2,323,254
	72,274		Switch, Inc		1,300,209
	31,935	*	Sykes Enterprises, Inc		876,935
	80,782	*,e	Synchronoss Technologies, Inc		266,581
	124,502	*	Synopsys, Inc		24,803,288
	18,045	*,e	TeleNav, Inc		93,563
	49,733	*	Tenable Holdings, Inc		1,687,441
	88,480	*	Teradata Corp		1,858,080
	33,175	*	Trade Desk, Inc		14,972,541
	19,062		TTEC Holdings, Inc		904,683
	7,883	*,e	Tucows, Inc		477,000
	105,235	*	Twilio, Inc		29,194,294
	31,716	*	Tyler Technologies, Inc		11,330,541
	41,241	*	Unisys Corp		490,355
	18,511	*	Upland Software, Inc		637,149
	75,675	*	Upwork, Inc		1,136,639
	24,870	*	Varonis Systems, Inc		2,694,665
	56,174	*	Verint Systems, Inc		2,521,651
	84,708	*	VeriSign, Inc		17,930,989
	18,719	*,e	Veritone, Inc		211,899
	95,406	*	Verra Mobility Corp		976,003
	82,104	e	VirnetX Holding Corp		424,478
	23,373	*	Virtusa Corp		948,944
	1,391,379		Visa, Inc (Class A)		264,918,562
	64,733	*,e	VMware, Inc (Class A)		9,076,214
	332,635		Western Union Co		8,076,378
	35,151	*	WEX, Inc		5,566,864
	140,511	*	Workday, Inc		25,421,250
	30,675	*	Workiva, Inc		1,714,733
	81,184		Xperi Holding Corp		1,497,033
	81,289	*,e	Yext, Inc		1,367,281
	93,485	*	Zendesk, Inc		8,521,158
	45,176	*	Zix Corp		321,427
	137,018	*	Zoom Video Communications, Inc		34,790,240
	57,028	*	Zscaler, Inc		7,405,086
	79,308	*	Zuora Inc		923,145
			TOTAL SOFTWARE & SERVICES		3,971,694,695
TECHNOLOGY HARDWARE & EQUIPMENT - 7.2%
	96,179	*,e	3D Systems Corp		633,820
	29,514		Adtran, Inc		366,564
	17,147	*	Agilysys, Inc		359,401
	21,041	*,e	Akoustis Technologies, Inc		167,065
	239,035		Amphenol Corp (Class A)		25,280,342
	3,370,928		Apple, Inc		1,432,779,237
	29,285	*,e	Applied Optoelectronics, Inc		416,140
	48,055	*	Arista Networks, Inc		12,483,247
	63,646	*	Arlo Technologies, Inc		268,586
	65,332	*	Arrow Electronics, Inc		4,679,078
	39,762	*	Avid Technology, Inc		327,241
	74,005		Avnet, Inc		1,977,414
	25,096		Badger Meter, Inc		1,571,010
	6,194		Bel Fuse, Inc (Class B)		75,567
	31,618		Belden CDT, Inc		999,129
	29,559		Benchmark Electronics, Inc		601,821

182

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	22,266	*	CalAmp Corp	$	175,456
	47,615	*	Calix, Inc		976,584
	34,964	*	Casa Systems, Inc		196,148
	116,274		CDW Corp		13,516,852
	124,928	*	Ciena Corp		7,434,465
	3,505,269		Cisco Systems, Inc		165,098,170
	4,869	*	Clearfield, Inc		90,758
	138,128		Cognex Corp		9,236,619
	19,568	*	Coherent, Inc		2,716,625
	152,281	*	CommScope Holding Co, Inc		1,413,168
	14,199		Comtech Telecommunications Corp		233,148
	614,454		Corning, Inc		19,048,074
	25,341		CTS Corp		503,272
	21,059	e	Daktronics, Inc		87,816
	331	*	DASAN Zhone Solutions, Inc		3,346
	124,130	*	Dell Technologies, Inc		7,426,698
	62,565	*,e	Diebold, Inc		436,078
	11,088	*	Digi International, Inc		134,387
	51,936		Dolby Laboratories, Inc (Class A)		3,614,746
	38,200	*	EchoStar Corp (Class A)		1,042,860
	9,577	*	ePlus, Inc		713,870
	79,396	*	Extreme Networks, Inc		361,252
	49,651	*	F5 Networks, Inc		6,747,571
	30,238	*	Fabrinet		2,196,186
	13,293	*	FARO Technologies, Inc		795,320
	193,455	*	Fitbit, Inc		1,265,196
	110,379		FLIR Systems, Inc		4,598,389
	49,853	*	Harmonic, Inc		278,180
	1,056,691		Hewlett Packard Enterprise Co		10,429,540
	1,172,851		HP, Inc		20,618,721
	79,729	*,e	II-VI, Inc		4,043,855
	20,490	*	Immersion Corp		138,307
	127,246	*,e	Infinera Corp		1,003,971
	55,612	*,e	Inseego Corp		749,650
	28,024	*	Insight Enterprises, Inc		1,396,716
	28,329	*	Intellicheck, Inc		207,368
	28,277		InterDigital, Inc		1,697,186
	29,531	*	IPG Photonics Corp		5,286,344
	15,183	*	Iteris, Inc		70,449
	32,767	*	Itron, Inc		2,279,272
	121,458		Jabil Inc		4,234,026
	255,538		Juniper Networks, Inc		6,485,554
	153,820	*	Keysight Technologies, Inc		15,365,080
	15,246	*	Kimball Electronics, Inc		202,467
	65,142	*	Knowles Corp		994,067
	6,399	*	KVH Industries, Inc		51,960
	18,872		Littelfuse, Inc		3,352,611
	62,500	*	Lumentum Holdings, Inc		5,801,875
	30,523		Methode Electronics, Inc		860,749
	139,243		Motorola Solutions, Inc		19,466,171
	10,447		MTS Systems Corp		193,792
	9,718	*,e	Napco Security Technologies, Inc		256,361
	105,726		National Instruments Corp		3,753,273
	95,571	*	NCR Corp		1,761,373
	181,382		NetApp, Inc		8,035,223
	25,270	*	Netgear, Inc		777,052

183

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	56,407	*	Netscout Systems, Inc	$	1,436,122
	26,072	*,e	nLight, Inc		604,088
	28,696	*	Novanta, Inc		2,975,201
	15,982	*	OSI Systems, Inc		1,134,083
	48,376	*,e	PAE, Inc		381,203
	8,896	*,e	PAR Technology Corp		273,641
	9,359		PC Connection, Inc		408,988
	28,777		PC-Tel, Inc		188,489
	26,778	e	Plantronics, Inc		535,292
	23,230	*	Plexus Corp		1,725,757
	198,278	*	Pure Storage, Inc		3,541,245
	39,063	*,e	Research Frontiers, Inc		132,033
	78,125	*,e	Resonant, Inc		215,625
	59,820	*	Ribbon Communications, Inc		263,208
	15,628	*	Rogers Corp		1,862,701
	56,690	*	Sanmina Corp		1,682,559
	15,742	*	Scansource, Inc		361,279
	36,102	*	Super Micro Computer, Inc		1,094,071
	34,894		Synnex Corp		4,352,678
	204,327	*	Trimble Inc		9,094,595
	79,225	*	TTM Technologies, Inc		975,260
	7,765		Ubiquiti, Inc		1,438,854
	45,638	*	Viasat, Inc		1,732,418
	187,577	*	Viavi Solutions, Inc		2,594,190
	99,472		Vishay Intertechnology, Inc		1,560,716
	6,887	*	Vishay Precision Group, Inc		175,274
	248,039		Western Digital Corp		10,690,481
	16,625	*,e	Wrap Technologies Inc		162,925
	154,271		Xerox Holdings Corp		2,568,612
	43,757	*	Zebra Technologies Corp (Class A)		12,284,778
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		1,919,286,275
TELECOMMUNICATION SERVICES - 1.7%
	13,498	*	Anterix, Inc		588,243
	5,848,593		AT&T, Inc		173,001,381
	6,018		ATN International, Inc		346,817
	15,645	*	Bandwidth Inc		2,265,083
	49,245	*	Boingo Wireless, Inc		711,590
	886,819		CenturyLink, Inc		8,557,803
	41,046	*	Cincinnati Bell, Inc		616,100
	34,344		Cogent Communications Group, Inc		3,094,738
	73,022	*	Consolidated Communications Holdings, Inc		533,061
	82,443	*	GCI Liberty, Inc		6,462,707
	82,241	*,e	Gogo, Inc		239,321
	13,290	*	IDT Corp (Class B)		86,518
	95,669	*	Iridium Communications, Inc		2,620,374
	27,994	*	Liberty Latin America Ltd (Class A)		287,778
	92,743	*	Liberty Latin America Ltd (Class C)		948,761
	23,568	*	Ooma, Inc		356,820
	53,238	*	ORBCOMM, Inc		224,132
	39,773		Shenandoah Telecom Co		1,999,389
	14,564		Spok Holdings, Inc		145,931
	75,699		Telephone & Data Systems, Inc		1,470,075
	452,451	*	T-Mobile US, Inc		48,584,188
	9,109	*	US Cellular Corp		270,264
	3,422,876		Verizon Communications, Inc		196,746,913

184

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	202,852	*	Vonage Holdings Corp	$	2,424,081
			TOTAL TELECOMMUNICATION SERVICES		452,582,068
TRANSPORTATION - 1.8%
	46,311	*	Air Transport Services Group, Inc		1,128,599
	101,172		Alaska Air Group, Inc		3,484,364
	11,971		Allegiant Travel Co		1,341,111
	7,327		Amerco, Inc		2,328,008
	362,159	e	American Airlines Group, Inc		4,027,208
	20,553		ArcBest Corp		624,606
	22,934	*	Atlas Air Worldwide Holdings, Inc		1,194,403
	45,466	*,e	Avis Budget Group, Inc		1,177,569
	106,557		CH Robinson Worldwide, Inc		9,986,522
	27,002		Copa Holdings S.A. (Class A)		1,118,963
	51,434		Costamare, Inc		234,025
	15,864	*	Covenant Transportation Group, Inc		267,308
	629,524		CSX Corp		44,910,242
	15,688	*,e	Daseke, Inc		65,419
	522,464		Delta Air Lines, Inc		13,045,926
	53,863	*,e	Eagle Bulk Shipping, Inc		130,887
	16,250	*	Echo Global Logistics, Inc		407,306
	136,860		Expeditors International of Washington, Inc		11,566,039
	199,493		FedEx Corp		33,594,621
	19,472		Forward Air Corp		1,012,349
	19,866		Genco Shipping & Trading Ltd		134,890
	46,426	e	Hawaiian Holdings, Inc		552,005
	39,523		Heartland Express, Inc		801,724
	26,309	*	Hub Group, Inc (Class A)		1,391,746
	68,490		JB Hunt Transport Services, Inc		8,862,606
	232,690	*	JetBlue Airways Corp		2,406,015
	77,693		Kansas City Southern		13,351,542
	46,856	*	Kirby Corp		2,166,622
	101,088		Knight-Swift Transportation Holdings, Inc		4,396,317
	31,022		Landstar System, Inc		3,777,859
	195,306	*,e	Lyft, Inc (Class A)		5,708,794
	58,428		Macquarie Infrastructure Co LLC		1,750,503
	33,089		Marten Transport Ltd		880,829
	40,331		Matson, Inc		1,468,855
	42,587	*	Mesa Air Group, Inc		132,020
	211,150		Norfolk Southern Corp		40,585,142
	80,165		Old Dominion Freight Line		14,655,765
	62	*	PAM Transportation Services, Inc		1,740
	5,098		Park-Ohio Holdings Corp		73,513
	27,435	*	Radiant Logistics, Inc		116,599
	43,670		Ryder System, Inc		1,599,632
	35,633	*	Safe Bulkers, Inc		47,392
	21,514	*	Saia, Inc		2,569,847
	46,162		Schneider National, Inc		1,160,051
	6,920		Scorpio Bulkers, Inc		101,447
	44,269		Skywest, Inc		1,164,717
	482,989		Southwest Airlines Co		14,919,530
	70,126	*,e	Spirit Airlines, Inc		1,108,692
	1,118,733	*	Uber Technologies, Inc		33,852,861
	560,769		Union Pacific Corp		97,209,306
	237,843	*	United Airlines Holdings Inc		7,463,513
	581,050		United Parcel Service, Inc (Class B)		82,950,698

185

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	2,758		Universal Logistics Holdings Inc	$	50,665
	11,478	*	US Xpress Enterprises, Inc		105,139
	49,440		Werner Enterprises, Inc		2,174,618
	74,399	*	XPO Logistics, Inc		5,581,413
			TOTAL TRANSPORTATION		486,920,082
UTILITIES - 3.0%
	547,791		AES Corp		8,342,857
	45,208		Allete, Inc		2,680,834
	204,839		Alliant Energy Corp		11,030,580
	202,735		Ameren Corp		16,267,456
	407,297		American Electric Power Co, Inc		35,385,963
	31,250		American States Water Co		2,402,500
	149,615		American Water Works Co, Inc		22,033,801
	4,446		Artesian Resources Corp		155,966
	82,099	*,e	Atlantic Power Corp		160,914
	97,721		Atmos Energy Corp		10,357,449
	47,153		Avangrid, Inc		2,347,748
	54,420		Avista Corp		2,020,615
	50,220		Black Hills Corp		2,905,729
	26,623	e	Brookfield Infrastructure Corp		1,215,074
	31,868	*,e	Cadiz, Inc		338,438
	40,616		California Water Service Group		1,903,672
	417,742		Centerpoint Energy, Inc		7,941,275
	15,569		Chesapeake Utilities Corp		1,315,425
	28,813		Clearway Energy, Inc (Class A)		660,106
	66,571		Clearway Energy, Inc (Class C)		1,633,652
	229,545		CMS Energy Corp		14,732,198
	272,244		Consolidated Edison, Inc		20,916,507
	6,419		Consolidated Water Co, Inc		78,761
	691,220		Dominion Energy, Inc		56,009,557
	156,911		DTE Energy Co		18,143,619
	604,702		Duke Energy Corp		51,242,447
	293,090		Edison International		16,316,320
	162,938		Entergy Corp		17,129,672
	321,069		Equitable Holdings, Inc		6,569,072
	183,357		Essential Utilities Inc		8,315,240
	187,840		Evergy, Inc		12,177,667
	276,341		Eversource Energy		24,890,034
	799,838		Exelon Corp		30,881,745
	439,308		FirstEnergy Corp		12,739,932
	28,916		Genie Energy Ltd		235,087
	6,030		Global Water Resources, Inc		62,652
	89,595		Hawaiian Electric Industries, Inc		3,248,715
	41,237		Idacorp, Inc		3,845,350
	166,349		MDU Resources Group, Inc		3,490,002
	28,945		MGE Energy, Inc		1,919,922
	13,966		Middlesex Water Co		894,662
	68,253		National Fuel Gas Co		2,769,024
	75,511		New Jersey Resources Corp		2,345,372
	403,980		NextEra Energy, Inc		113,397,186
	313,697		NiSource, Inc		7,669,892
	25,330		Northwest Natural Holding Co		1,354,902
	39,976		NorthWestern Corp		2,249,050
	204,114		NRG Energy, Inc		6,901,094
	167,019		OGE Energy Corp		5,494,925

186

TIAA-CREF FUNDS - Equity Index Fund

SHARES			COMPANY	VALUE
	42,999		ONE Gas, Inc	$	3,255,024
	34,983		Ormat Technologies, Inc		2,081,488
	33,032		Otter Tail Corp		1,263,474
	783,836	*,b	PG&E Corp		7,328,867
	92,675		Pinnacle West Capital Corp		7,699,439
	62,565		PNM Resources, Inc		2,642,120
	76,172		Portland General Electric Co		3,361,470
	629,966		PPL Corp		16,769,695
	415,361		Public Service Enterprise Group, Inc		23,235,294
	9,378	*	Pure Cycle Corp		84,683
	3,907		RGC Resources, Inc		90,642
	241,772		Sempra Energy		30,090,943
	21,289		SJW Corp		1,329,711
	72,043		South Jersey Industries, Inc		1,680,763
	867,672		Southern Co		47,383,568
	44,686		Southwest Gas Holdings Inc		3,111,933
	7,602		Spark Energy, Inc		57,395
	41,075		Spire, Inc		2,532,685
	27,281	*	Sunnova Energy International, Inc		682,298
	71,654	†	TerraForm Power, Inc		1,386,505
	170,862		UGI Corp		5,696,539
	12,521		Unitil Corp		540,281
	399,625		Vistra Energy Corp		7,457,003
	258,607		WEC Energy Group, Inc		24,634,903
	435,116		Xcel Energy, Inc		30,040,409
	15,191		York Water Co		703,495
			TOTAL UTILITIES		802,261,287
			TOTAL COMMON STOCKS		26,526,817,322
			(Cost $16,034,015,199)
RIGHTS / WARRANTS - 0.0%
ENERGY - 0.0%
	83,191		Occidental Petroleum Corp		465,867
			TOTAL ENERGY		465,867
HEALTH CARE EQUIPMENT & SERVICES - 0.0%
	204		Pulse Biosciences, Inc		0
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		0
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		468,571
			(Cost $822)

187

TIAA-CREF FUNDS - Equity Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 0.8%
REPURCHASE AGREEMENT - 0.0%
$	11,310,000	r	Fixed Income Clearing Corp (FICC)	0.080	%	08/03/20	$	11,310,000
			TOTAL REPURCHASE AGREEMENT					11,310,000
TREASURY DEBT - 0.1%
	27,130,000		United States Treasury Bill	0.116		09/03/20		27,127,839
			TOTAL TREASURY DEBT					27,127,839
	SHARES		COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.7%
	178,572,801	c	State Street Navigator Securities Lending Government Money Market Portfolio					178,572,801
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					178,572,801
			TOTAL SHORT-TERM INVESTMENTS					217,010,640
			(Cost $217,009,916)
			TOTAL INVESTMENTS - 100.7%					26,744,296,533
			(Cost $16,251,025,937)
			OTHER ASSETS & LIABILITIES, NET - (0.7)%					(193,679,580	)
			NET ASSETS - 100.0%				$	26,550,616,953

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 $202,429,738.
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 7/31/2020, the aggregate value of these securities is $1,584,315 or 0.0% of net assets.
r	Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $11,310,000 on 8/1/20, collateralized by U.S. Treasury Notes valued at $11,536,279.

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

Description	Number of long (short) contracts		Expiration date	Notional amount		Value		Unrealized appreciation (depreciation)
Russell 2000 E Mini Index		5	09/18/20	$	373,257	$	369,450	$	(3,807	)
S&P 500 E Mini Index		35	09/18/20		5,669,025		5,711,125		42,100
S&P Mid-Cap 400 E Mini Index		1	09/18/20		187,392		186,050		(1,342	)
Total		41		$	6,229,674	$	6,266,625	$	36,951

188

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

TIAA-CREF FUNDS

LARGE-CAP GROWTH INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 100.0%
AUTOMOBILES & COMPONENTS - 1.3%
	82,744	*	Tesla, Inc	$	118,386,805
			TOTAL AUTOMOBILES & COMPONENTS		118,386,805
BANKS - 0.0%
	3,780	*,e	LendingTree, Inc		1,308,976
			TOTAL BANKS		1,308,976
CAPITAL GOODS - 2.3%
	207,747		3M Co		31,259,691
	33,589		Allegion plc		3,340,762
	41,403		Allison Transmission Holdings, Inc		1,546,816
	10,037		Armstrong World Industries, Inc		715,036
	34,151	*	Axon Enterprise, Inc		2,838,973
	34,052		BWX Technologies, Inc		1,856,515
	177,145		Carrier Global Corp		4,825,430
	7,438		Donaldson Co, Inc		359,553
	259,134		Fastenal Co		12,189,663
	31,650	*	Generac Holdings, Inc		4,987,407
	44,803		Graco, Inc		2,385,312
	20,101		HEICO Corp		1,932,108
	34,623		HEICO Corp (Class A)		2,650,391
	2,146		Huntington Ingalls		372,782
	78,650		Illinois Tool Works, Inc		14,549,464
	13,801		Lincoln Electric Holdings, Inc		1,247,472
	138,638		Lockheed Martin Corp		52,539,643
	25,212	*	Mercury Systems, Inc		1,952,165
	25,669		Nordson Corp		4,970,288
	80,284		Northrop Grumman Corp		26,093,103
	15,386		Quanta Services, Inc		614,978
	32,007		Rockwell Automation, Inc		6,982,007
	7,970		Roper Technologies Inc		3,446,627
	53,183		Toro Co		3,794,607
	6,590		TransDigm Group, Inc		2,844,112
	32,034	*	Trex Co, Inc		4,463,297
	113,154	*	Vertiv Holdings Co		1,640,733
	29,367	*,e	Virgin Galactic Holdings, Inc		659,289
	18,242		W.W. Grainger, Inc		6,230,190
			TOTAL CAPITAL GOODS		203,288,414
COMMERCIAL & PROFESSIONAL SERVICES - 1.1%
	44,020		Cintas Corp		13,288,317
	114,058	*	Copart, Inc		10,635,909
	21,418	*	CoStar Group, Inc		18,200,160
	50,350		Equifax, Inc		8,184,896
	18,171	*	IAA, Inc		787,713

189

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	121,962		IHS Markit Ltd	$	9,845,992
	4,553		MSA Safety, Inc		539,667
	71,813		Rollins, Inc		3,763,001
	97,073		TransUnion		8,694,829
	88,349		Verisk Analytics, Inc		16,672,340
	30,989		Waste Management, Inc		3,396,394
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		94,009,218
CONSUMER DURABLES & APPAREL - 1.0%
	63,702	*	Lululemon Athletica, Inc		20,740,734
	109,108	*	Mattel, Inc		1,212,190
	677,524		Nike, Inc (Class B)		66,133,118
	166	*	NVR, Inc		652,405
	13,494	*	Peloton Interactive, Inc		920,561
	3,373		Polaris Inc		349,544
	18,434	*	Tempur Sealy International, Inc		1,492,232
	10,668		VF Corp		643,920
			TOTAL CONSUMER DURABLES & APPAREL		92,144,704
CONSUMER SERVICES - 1.0%
	22,743	*	Bright Horizons Family Solutions		2,438,959
	68,722	*	Chegg, Inc		5,564,420
	15,615	*	Chipotle Mexican Grill, Inc (Class A)		18,037,823
	21,851		Domino’s Pizza, Inc		8,447,815
	38,115		Dunkin Brands Group, Inc		2,619,644
	8,177	*	frontdoor, Inc		343,393
	69,917		H&R Block, Inc		1,013,797
	79,317		Las Vegas Sands Corp		3,461,394
	60,148		McDonald’s Corp		11,685,553
	24,194	*	Planet Fitness, Inc		1,262,927
	377,822		Starbucks Corp		28,914,718
	1,821		Vail Resorts, Inc		349,687
	96,910		Wendy’s		2,246,374
	12,435		Wynn Resorts Ltd		900,667
	14,122		Yum China Holdings, Inc		723,611
	12,854		Yum! Brands, Inc		1,170,357
			TOTAL CONSUMER SERVICES		89,181,139
DIVERSIFIED FINANCIALS - 1.4%
	48,014		Apollo Global Management, Inc		2,357,487
	55,634		Ares Management Corp		2,222,022
	6,182	e	Carlyle Group, Inc		176,002
	13,265		CBOE Global Markets, Inc		1,163,341
	379	*,e	Credit Acceptance Corp		177,349
	20,791		Factset Research Systems, Inc		7,199,923
	106,292		Intercontinental Exchange Group, Inc		10,286,940
	57,391		iShares Russell 1000 Growth Index Fund		11,873,050
	3,545		LPL Financial Holdings, Inc		280,126
	20,542		MarketAxess Holdings, Inc		10,614,051
	91,027		Moody’s Corp		25,605,895
	9,623		Morningstar, Inc		1,617,049
	46,476		MSCI, Inc (Class A)		17,474,047
	79,501		S&P Global, Inc		27,845,225
	9,668		SLM Corp		65,452
	32,154		T Rowe Price Group, Inc		4,440,467
	39,596		Tradeweb Markets, Inc		2,140,956

190

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	31,745		Virtu Financial, Inc	$	787,276
			TOTAL DIVERSIFIED FINANCIALS		126,326,658
ENERGY - 0.1%
	131,404	*	Cheniere Energy, Inc		6,501,870
	10,077	e	Equitrans Midstream Corp		97,243
			TOTAL ENERGY		6,599,113
FOOD & STAPLES RETAILING - 1.0%
	218,042		Costco Wholesale Corp		70,979,212
	21,040	*	Grocery Outlet Holding Corp		925,550
	56,258	*	Sprouts Farmers Market, Inc		1,484,086
	193,998		SYSCO Corp		10,252,794
			TOTAL FOOD & STAPLES RETAILING		83,641,642
FOOD, BEVERAGE & TOBACCO - 2.4%
	454,116		Altria Group, Inc		18,686,873
	21,509	*	Beyond Meat, Inc		2,707,983
	4,920	*	Boston Beer Co, Inc (Class A)		3,987,365
	19,876		Brown-Forman Corp (Class A)		1,256,958
	85,848		Brown-Forman Corp (Class B)		5,952,700
	46,029		Campbell Soup Co		2,281,658
	1,271,117		Coca-Cola Co		60,047,567
	63,138		Hershey Co		9,180,897
	48,717		Kellogg Co		3,360,986
	18,357		Lamb Weston Holdings, Inc		1,102,889
	39,125		McCormick & Co, Inc		7,625,462
	205,473	*	Monster Beverage Corp		16,125,521
	569,676		PepsiCo, Inc		78,421,598
	9,133	*	Pilgrim’s Pride Corp		140,192
			TOTAL FOOD, BEVERAGE & TOBACCO		210,878,649
HEALTH CARE EQUIPMENT & SERVICES - 6.1%
	370,986		Abbott Laboratories		37,336,031
	24,753	*	Abiomed, Inc		7,424,415
	43,639	*	Align Technology, Inc		12,822,011
	17,936	*	Amedisys, Inc		4,199,894
	39,711		AmerisourceBergen Corp		3,978,645
	36,416		Anthem, Inc		9,970,701
	119,935		Baxter International, Inc		10,359,985
	163,561		Cardinal Health, Inc		8,933,702
	94,808	*	Centene Corp		6,186,222
	167,648		Cerner Corp		11,643,154
	91,843	*	Change Healthcare, Inc		1,070,889
	8,592		Chemed Corp		4,228,896
	55,209		Cigna Corp		9,534,042
	3,375		Cooper Cos, Inc		954,889
	7,852	*	DaVita, Inc		686,186
	51,520	*	DexCom, Inc		22,439,021
	345,201	*	Edwards Lifesciences Corp		27,067,210
	23,540		Encompass Health Corp		1,602,603
	40,983	*	Guardant Health, Inc		3,490,932
	26,390	*	Haemonetics Corp		2,313,347
	76,558		HCA Healthcare, Inc		9,695,305
	4,369		Hill-Rom Holdings, Inc		424,754
	101,637	*	Hologic, Inc		7,092,230

191

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	28,193		Humana, Inc	$	11,064,343
	2,496	*	ICU Medical, Inc		458,590
	46,910	*	IDEXX Laboratories, Inc		18,658,452
	35,288	*	Insulet Corp		7,176,168
	64,747	*	Intuitive Surgical, Inc		44,380,184
	2,641	*	Laboratory Corp of America Holdings		509,502
	29,297	*,e	Livongo Health, Inc		3,728,043
	26,897	*	Masimo Corp		5,920,568
	67,549		McKesson Corp		10,143,158
	22,008	*	Molina Healthcare, Inc		4,064,878
	54,773	*	Novocure Ltd		4,151,246
	17,648	*	Penumbra, Inc		3,916,268
	29,712	*	PPD, Inc		872,641
	20,665	*	Quidel Corp		5,837,243
	80,359		Resmed, Inc		16,273,501
	2,357		STERIS plc		376,248
	63,181		Stryker Corp		12,212,887
	28,592	*	Tandem Diabetes Care, Inc		2,986,720
	37,430	*	Teladoc, Inc		8,894,491
	16,590		Teleflex, Inc		6,189,729
	439,257		UnitedHealth Group, Inc		132,998,234
	6,512	*	Varian Medical Systems, Inc		929,393
	74,481	*	Veeva Systems, Inc		19,705,438
	41,146		West Pharmaceutical Services, Inc		11,062,925
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		535,965,914
HOUSEHOLD & PERSONAL PRODUCTS - 1.5%
	137,045		Church & Dwight Co, Inc		13,201,545
	49,357		Clorox Co		11,673,424
	27,864		Energizer Holdings, Inc		1,396,822
	110,664		Estee Lauder Cos (Class A)		21,860,567
	7,234	*	Herbalife Nutrition Ltd		370,670
	609,726		Procter & Gamble Co		79,947,273
	6,752		Reynolds Consumer Products Inc		229,973
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		128,680,274
INSURANCE - 0.8%
	742		Alleghany Corp		387,562
	128,724		Aon plc		26,416,739
	4,050		Axis Capital Holdings Ltd		162,486
	5,743		Brown & Brown, Inc		261,134
	7,326	e	Erie Indemnity Co (Class A)		1,539,339
	10,304		Lincoln National Corp		384,030
	220,332		Marsh & McLennan Cos, Inc		25,690,711
	14,739		Primerica, Inc		1,763,669
	94,684		Progressive Corp		8,553,753
	8,072		RenaissanceRe Holdings Ltd		1,456,027
			TOTAL INSURANCE		66,615,450
MATERIALS - 0.8%
	15,662		Air Products & Chemicals, Inc		4,489,199
	136,718		Amcor plc		1,408,195
	19,490		Avery Dennison Corp		2,208,997
	167,331		Ball Corp		12,320,582
	24,533	*	Berry Global Group, Inc		1,226,405
	7,624	*	Crown Holdings, Inc		545,726

192

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	28,198		Ecolab, Inc	$	5,275,282
	14,451		FMC Corp		1,532,529
	34,320		Graphic Packaging Holding Co		478,421
	2,969		NewMarket Corp		1,112,811
	26,636		Royal Gold, Inc		3,727,175
	60,695		RPM International, Inc		4,952,105
	19,999		Scotts Miracle-Gro Co (Class A)		3,171,241
	46,123		Sherwin-Williams Co		29,884,014
	11,464		WR Grace and Co		528,834
			TOTAL MATERIALS		72,861,516
MEDIA & ENTERTAINMENT - 11.2%
	167,640		Activision Blizzard, Inc		13,852,093
	130,315	*	Alphabet, Inc (Class A)		193,902,204
	128,654	*	Alphabet, Inc (Class C)		190,788,736
	183,577	*	Altice USA, Inc		4,954,743
	2,829		Cable One, Inc		5,156,022
	75,551	*	Charter Communications, Inc		43,819,580
	21,803	*	Electronic Arts, Inc		3,087,741
	1,343,516	*	Facebook, Inc		340,809,704
	41,786	*	IAC		5,533,302
	5,536	*	Liberty SiriusXM Group (Class A)		192,598
	11,471	*	Liberty SiriusXM Group (Class C)		401,370
	80,561	*	Live Nation, Inc		3,771,061
	122,390	*	Match Group, Inc (NASDAQ)		12,569,453
	237,964	*	Netflix, Inc		116,335,840
	15,619		Nexstar Media Group Inc		1,369,005
	185,508	*	Pinterest, Inc		6,361,069
	56,989	*	Roku, Inc		8,827,026
	403,468		Sirius XM Holdings, Inc		2,372,392
	73,087	*	Spotify Technology S.A.		18,843,290
	58,349	*	Take-Two Interactive Software, Inc		9,570,403
	26,064	e	World Wrestling Entertainment, Inc (Class A)		1,214,843
	3,600	*	Zillow Group, Inc (Class A)		245,124
	8,468	*	Zillow Group, Inc (Class C)		579,127
	404,226	*	Zynga, Inc		3,973,542
			TOTAL MEDIA & ENTERTAINMENT		988,530,268
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.5%
	30,890	*	10X Genomics, Inc		3,038,649
	924,649		AbbVie, Inc		87,758,437
	62,080	*	Acadia Pharmaceuticals, Inc		2,580,666
	24,511	*	Acceleron Pharma, Inc		2,430,756
	40,385	*	Adaptive Biotechnologies Corp		1,507,168
	14,791		Agilent Technologies, Inc		1,424,817
	3,090	*	Agios Pharmaceuticals, Inc		140,039
	18,598	*	Alexion Pharmaceuticals, Inc		1,906,109
	63,585	*	Alnylam Pharmaceuticals, Inc		9,268,150
	329,310		Amgen, Inc		80,572,278
	233,802	*	Avantor, Inc		5,162,348
	27,585	*	Biogen, Inc		7,577,324
	91,435	*	BioMarin Pharmaceutical, Inc		10,954,827
	19,898		Bio-Techne Corp		5,475,134
	16,450	*	Bluebird Bio, Inc		998,515
	460,318		Bristol-Myers Squibb Co		27,002,254
	24,953		Bruker BioSciences Corp		1,113,403

193

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	23,350	*	Charles River Laboratories International, Inc	$	4,646,416
	471,465		Eli Lilly & Co		70,856,475
	72,269	*	Exact Sciences Corp		6,847,488
	59,183	*	Exelixis, Inc		1,366,535
	33,251	*	Global Blood Therapeutics, Inc		2,243,777
	94,821	*	Horizon Therapeutics Plc		5,802,097
	82,093	*	Illumina, Inc		31,372,661
	114,478	*	Immunomedics, Inc		4,834,406
	100,053	*	Incyte Corp		9,881,234
	36,399	*	Ionis Pharmaceuticals, Inc		2,095,126
	76,812	*	Iovance Biotherapeutics, Inc		2,232,925
	40,938	*	IQVIA Holdings, Inc		6,484,170
	197,239		Johnson & Johnson		28,749,557
	1,235,168		Merck & Co, Inc		99,109,880
	12,470	*	Mettler-Toledo International, Inc		11,659,450
	150,832	*	Moderna, Inc		11,176,651
	51,377	*	Neurocrine Biosciences, Inc		6,183,736
	11,762		PerkinElmer, Inc		1,398,619
	30,022	*	PRA Health Sciences, Inc		3,199,144
	11,415	*	Reata Pharmaceuticals, Inc		1,685,996
	54,146	*	Regeneron Pharmaceuticals, Inc		34,224,062
	29,626	*	Repligen Corp		4,470,860
	2,165	*	Sage Therapeutics, Inc		98,659
	41,639	*	Sarepta Therapeutics, Inc		6,392,419
	67,911	*	Seattle Genetics, Inc		11,291,562
	3,754	*	Syneos Health, Inc		234,212
	129,693		Thermo Fisher Scientific, Inc		53,686,417
	145,450	*	Vertex Pharmaceuticals, Inc		39,562,400
	2,581	*	Waters Corp		550,140
	239,973		Zoetis, Inc		36,399,105
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		747,647,053
REAL ESTATE - 2.0%
	246,874		American Tower Corp		64,530,395
	11,277		Americold Realty Trust		455,027
	23,018		Brookfield Property REIT, Inc		267,239
	14,785		Coresite Realty		1,908,004
	217,079		Crown Castle International Corp		36,187,069
	49,114		Equinix, Inc		38,578,065
	40,537		Equity Lifestyle Properties, Inc		2,769,488
	50,414		Extra Space Storage, Inc		5,209,783
	94,996		Iron Mountain, Inc		2,677,937
	54,731		Public Storage, Inc		10,939,632
	8,479		SBA Communications Corp		2,641,548
	133,013		Simon Property Group, Inc		8,293,360
			TOTAL REAL ESTATE		174,457,547
RETAILING - 12.7%
	237,249	*	Amazon.com, Inc		750,817,165
	7,722	*	AutoZone, Inc		9,323,697
	22,776		Best Buy Co, Inc		2,268,262
	22,883	*	Booking Holdings, Inc		38,034,521
	32,426	*	Burlington Stores, Inc		6,096,088
	6,942	*	CarMax, Inc		673,166
	30,246	*	Carvana Co		4,686,618
	140,614		Dollar General Corp		26,772,906

194

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	63,031	*	Dollar Tree, Inc	$	5,883,944
	341,732		eBay, Inc		18,890,945
	66,111	*	Etsy, Inc		7,826,220
	8,616		Expedia Group Inc		697,982
	30,032	*	Five Below, Inc		3,270,785
	46,102	*	Floor & Decor Holdings, Inc		3,038,122
	5,005	*	GrubHub, Inc		361,561
	300,537		Home Depot, Inc		79,789,568
	423,591		Lowe’s Companies, Inc		63,076,936
	25,506	*,e	Ollie’s Bargain Outlet Holdings, Inc		2,680,681
	41,137	*	O’Reilly Automotive, Inc		19,637,981
	21,083		Pool Corp		6,676,986
	158,000		Ross Stores, Inc		14,167,860
	545,173		TJX Companies, Inc		28,343,544
	64,828		Tractor Supply Co		9,253,549
	27,461	*	Ulta Beauty, Inc		5,299,698
	33,627	*,e	Wayfair, Inc		8,947,808
	7,098		Williams-Sonoma, Inc		618,378
			TOTAL RETAILING		1,117,134,971
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.7%
	606,595	*	Advanced Micro Devices, Inc		46,968,651
	25,131		Analog Devices, Inc		2,886,295
	512,592		Applied Materials, Inc		32,975,043
	207,258		Broadcom, Inc		65,648,972
	55,331	*	Enphase Energy, Inc		3,339,779
	67,218		Entegris, Inc		4,833,646
	25,141	*	Inphi Corp		3,284,923
	87,088		KLA Corp		17,402,795
	81,381		Lam Research Corp		30,693,658
	49,485		Maxim Integrated Products, Inc		3,369,434
	98,758		Microchip Technology, Inc		10,046,651
	23,338		MKS Instruments, Inc		2,974,195
	24,282		Monolithic Power Systems, Inc		6,434,973
	330,372		NVIDIA Corp		140,272,648
	629,527		QUALCOMM, Inc		66,484,346
	27,064	*	SolarEdge Technologies, Inc		4,738,906
	92,497		Teradyne, Inc		8,228,533
	254,712		Texas Instruments, Inc		32,488,516
	24,366		Universal Display Corp		4,250,649
	136,694		Xilinx, Inc		14,674,101
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		501,996,714
SOFTWARE & SERVICES - 26.3%
	11,151	*	2U, Inc		525,156
	356,743		Accenture plc		80,188,692
	269,110	*	Adobe, Inc		119,570,955
	73,092	*	Akamai Technologies, Inc		8,218,464
	29,272	*,e	Alteryx, Inc		5,136,943
	73,997	*	Anaplan, Inc		3,360,204
	47,658	*	Ansys, Inc		14,802,575
	33,423	*	Aspen Technology, Inc		3,250,721
	69,912	*	Atlassian Corp plc		12,349,955
	81,436	*	Autodesk, Inc		19,253,913
	207,057		Automatic Data Processing, Inc		27,519,946
	42,916	*	Avalara, Inc		5,770,056

195

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	9,137	*	Bill.Com Holdings, Inc	$	850,746
	80,631	*	Black Knight, Inc		6,040,875
	76,605		Booz Allen Hamilton Holding Co		6,263,225
	64,125		Broadridge Financial Solutions, Inc		8,614,553
	2,270	*	CACI International, Inc (Class A)		471,751
	153,548	*	Cadence Design Systems, Inc		16,775,119
	8,662		CDK Global, Inc		393,775
	42,363	*	Ceridian HCM Holding, Inc		3,316,599
	18,389		Citrix Systems, Inc		2,625,214
	59,302	*	Cloudflare, Inc		2,468,149
	21,477		Cognizant Technology Solutions Corp (Class A)		1,467,309
	2,182		CoreLogic Inc		148,725
	37,027	*	Coupa Software, Inc		11,346,924
	46,602	*	Crowdstrike Holdings, Inc		5,275,346
	84,311	*	Datadog, Inc		7,913,430
	98,834	*	DocuSign, Inc		21,430,176
	139,286	*	Dropbox, Inc		3,168,757
	83,881	*	Dynatrace, Inc		3,508,742
	31,030	*	Elastic NV		2,984,776
	29,779	*	EPAM Systems, Inc		8,638,292
	19,477	*	Everbridge, Inc		2,781,316
	15,643	*	Fair Isaac Corp		6,870,249
	40,165	*	Fastly, Inc		3,875,521
	28,280	*	FireEye, Inc		427,028
	92,203	*	Fiserv, Inc		9,200,937
	34,994	*	Five9, Inc		4,227,975
	46,368	*	FleetCor Technologies, Inc		11,989,374
	74,765	*	Fortinet, Inc		10,340,000
	49,145	*	Gartner, Inc		6,125,433
	41,465		Genpact Ltd		1,651,136
	20,514	*	Globant S.A.		3,547,691
	92,579	*	GoDaddy, Inc		6,506,452
	8,974	*	Guidewire Software, Inc		1,055,881
	23,500	*	HubSpot, Inc		5,513,335
	140,956		Intuit, Inc		43,184,690
	32,952		Jack Henry & Associates, Inc		5,875,342
	7,407		Leidos Holdings, Inc		704,850
	2,212		LogMeIn, Inc		189,812
	31,687	*	Manhattan Associates, Inc		3,035,298
	493,806		Mastercard, Inc (Class A)		152,353,965
	46,507	*	Medallia, Inc		1,429,160
	4,190,057		Microsoft Corp		859,003,586
	23,277	*	MongoDB, Inc		5,332,295
	26,044	*	New Relic, Inc		1,846,780
	311,491		NortonLifelock, Inc		6,681,482
	101,139	*	Nutanix, Inc		2,244,274
	64,332	*	Okta, Inc		14,216,085
	971,880		Oracle Corp		53,890,746
	38,858	*	Pagerduty, Inc		1,184,392
	54,648	*	Palo Alto Networks, Inc		13,985,516
	144,011		Paychex, Inc		10,357,271
	27,660	*	Paycom Software, Inc		7,865,674
	19,616	*	Paylocity Holding Corp		2,612,851
	656,966	*	PayPal Holdings, Inc		128,811,324
	18,244		Pegasystems, Inc		2,132,541
	53,227	*	Pluralsight, Inc		1,126,816

196

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	32,144	*	Proofpoint, Inc	$	3,718,096
	57,969	*	PTC, Inc		4,959,828
	43,583	*	RealPage, Inc		2,746,165
	42,844	*	RingCentral, Inc		12,436,328
	448,895	*	salesforce.com, Inc		87,467,191
	4,184		Science Applications International Corp		334,636
	106,160	*	ServiceNow, Inc		46,625,472
	209,675	*	Slack Technologies, Inc		6,195,896
	62,712	*	Smartsheet, Inc		2,993,871
	88,681	*	Splunk, Inc		18,607,047
	201,827	*	Square, Inc		26,207,236
	26,636		SS&C Technologies Holdings, Inc		1,531,570
	85,580	*	StoneCo Ltd		4,083,022
	50,114		Switch, Inc		901,551
	77,263	*	Synopsys, Inc		15,392,335
	44,769	*	Teradata Corp		940,149
	22,689	*	Trade Desk, Inc		10,239,999
	59,700	*	Twilio, Inc		16,561,974
	21,963	*	Tyler Technologies, Inc		7,846,282
	33,963	*	VeriSign, Inc		7,189,288
	945,019		Visa, Inc (Class A)		179,931,618
	44,195	*,e	VMware, Inc (Class A)		6,196,581
	45,702		Western Union Co		1,109,645
	2,082	*	WEX, Inc		329,726
	96,282	*	Workday, Inc		17,419,339
	64,189	*	Zendesk, Inc		5,850,827
	93,449	*	Zoom Video Communications, Inc		23,727,636
	39,045	*	Zscaler, Inc		5,069,993
			TOTAL SOFTWARE & SERVICES		2,322,440,442
TECHNOLOGY HARDWARE & EQUIPMENT - 11.6%
	96,016		Amphenol Corp (Class A)		10,154,652
	2,288,407		Apple, Inc		972,664,511
	26,922	*	Arista Networks, Inc		6,993,528
	80,556		CDW Corp		9,364,635
	91,904		Cognex Corp		6,145,620
	11,321	*	Coherent, Inc		1,571,694
	5,303	*	Dell Technologies, Inc		317,278
	4,048		Dolby Laboratories, Inc (Class A)		281,741
	1,221	*	IPG Photonics Corp		218,571
	15,517		Jabil Inc		540,923
	35,686	*	Keysight Technologies, Inc		3,564,675
	4,537	*	Lumentum Holdings, Inc		421,170
	9,842		Motorola Solutions, Inc		1,375,912
	68,109		NetApp, Inc		3,017,229
	78,562	*	Pure Storage, Inc		1,403,117
	3,799		Ubiquiti, Inc		703,955
	26,664	*	Zebra Technologies Corp (Class A)		7,485,918
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		1,026,225,129
TRANSPORTATION - 1.2%
	11,813		CH Robinson Worldwide, Inc		1,107,114
	55,984		Expeditors International of Washington, Inc		4,731,208
	12,865		JB Hunt Transport Services, Inc		1,664,731
	17,510		Landstar System, Inc		2,132,368
	47,114		Old Dominion Freight Line		8,613,382

197

TIAA-CREF FUNDS - Large-Cap Growth Index Fund

SHARES			COMPANY	VALUE
	586,098	*	Uber Technologies, Inc	$	17,735,325
	194,239		Union Pacific Corp		33,671,331
	259,723		United Parcel Service, Inc (Class B)		37,078,055
	2,575	*	XPO Logistics, Inc		193,177
			TOTAL TRANSPORTATION		106,926,691
UTILITIES - 0.0%
	47,890		NRG Energy, Inc		1,619,161
			TOTAL UTILITIES		1,619,161
			TOTAL COMMON STOCKS		8,816,866,448
			(Cost $4,341,409,485)
SHORT-TERM INVESTMENTS - 0.2%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.2%
	21,731,856	c	State Street Navigator Securities Lending Government Money Market Portfolio		21,731,856
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		21,731,856
			TOTAL SHORT-TERM INVESTMENTS		21,731,856
			(Cost $21,731,856)
			TOTAL INVESTMENTS - 100.2%		8,838,598,304
			(Cost $4,363,141,341)
			OTHER ASSETS & LIABILITIES, NET - (0.2)%		(17,861,226	)
			NET ASSETS - 100.0%	$	8,820,737,078

*	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 $25,550,332.

198

TIAA-CREF FUNDS - Large-Cap Value Index Fund

TIAA-CREF FUNDS

LARGE-CAP VALUE INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.9%
AUTOMOBILES & COMPONENTS - 0.7%
	117,448		Aptiv plc	$	9,131,582
	90,706		BorgWarner, Inc		3,319,840
	1,710,218		Ford Motor Co		11,304,541
	548,342		General Motors Co		13,648,232
	114,632		Gentex Corp		3,093,918
	67,025		Harley-Davidson, Inc		1,744,661
	26,258		Lear Corp		2,898,358
	24,168		Thor Industries, Inc		2,754,910
			TOTAL AUTOMOBILES & COMPONENTS		47,896,042
BANKS - 7.0%
	71,407		Associated Banc-Corp		916,866
	3,404,615		Bank of America Corp		84,706,821
	17,274		Bank of Hawaii Corp		978,227
	53,507		Bank OZK		1,286,843
	13,741		BOK Financial Corp		765,374
	914,370		Citigroup, Inc		45,727,644
	186,805		Citizens Financial Group, Inc		4,634,632
	65,147		Comerica, Inc		2,509,463
	44,070		Commerce Bancshares, Inc		2,523,448
	24,533	e	Cullen/Frost Bankers, Inc		1,767,848
	61,779		East West Bancorp, Inc		2,141,260
	311,786		Fifth Third Bancorp		6,192,070
	2,871		First Citizens Bancshares, Inc (Class A)		1,222,673
	56,792		First Hawaiian, Inc		987,045
	240,072		First Horizon National Corp		2,225,467
	75,712		First Republic Bank		8,516,086
	138,940		FNB Corp		1,029,545
	442,712		Huntington Bancshares, Inc		4,103,940
	1,333,505		JPMorgan Chase & Co		128,869,923
	425,854		Keycorp		5,114,507
	647	*,e	LendingTree, Inc		224,050
	56,129		M&T Bank Corp		5,946,868
	147,986		MGIC Investment Corp		1,223,844
	197,097		New York Community Bancorp, Inc		2,075,431
	57,873		PacWest Bancorp		1,057,629
	185,337		People’s United Financial, Inc		1,999,786
	32,370		Pinnacle Financial Partners, Inc		1,282,499
	186,163		PNC Financial Services Group, Inc		19,858,007
	38,036		Popular, Inc		1,411,516
	39,118		Prosperity Bancshares, Inc		2,173,396
	421,174		Regions Financial Corp		4,573,950
	22,797		Signature Bank		2,337,376
	84,699		Sterling Bancorp		952,864
	22,531	*	SVB Financial Group		5,053,027
	63,215		Synovus Financial Corp		1,273,782

199

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	66,113		TCF Financial Corp	$	1,817,446
	27,111		TFS Financial Corp		392,567
	591,272		Truist Financial Corp		22,149,049
	93,496		Umpqua Holdings Corp		1,014,432
	596,651		US Bancorp		21,980,623
	39,080		Webster Financial Corp		1,065,712
	1,656,082		Wells Fargo & Co		40,176,549
	43,269		Western Alliance Bancorp		1,555,521
	25,142		Wintrust Financial Corp		1,076,078
	70,755		Zions Bancorporation		2,297,415
			TOTAL BANKS		451,189,099
CAPITAL GOODS - 8.8%
	83,900		3M Co		12,624,433
	59,629		A.O. Smith Corp		2,870,540
	17,232		Acuity Brands, Inc		1,707,691
	66,971	*	Aecom Technology Corp		2,423,680
	27,069		AGCO Corp		1,776,538
	46,667		Air Lease Corp		1,223,609
	14,134		Allegion plc		1,405,768
	17,377		Allison Transmission Holdings, Inc		649,205
	100,505		Ametek, Inc		9,372,091
	13,155		Armstrong World Industries, Inc		937,162
	235,499		Boeing Co		37,208,842
	14,536		BWX Technologies, Inc		792,503
	23,677		Carlisle Cos, Inc		2,819,457
	244,079		Carrier Global Corp		6,648,712
	239,217		Caterpillar, Inc		31,787,155
	43,413	*	Colfax Corp		1,262,450
	21,325		Crane Co		1,206,355
	64,644		Cummins, Inc		12,493,099
	18,184		Curtiss-Wright Corp		1,620,558
	124,972		Deere & Co		22,033,813
	49,903		Donaldson Co, Inc		2,412,311
	62,995		Dover Corp		6,484,075
	175,535		Eaton Corp		16,347,575
	261,200		Emerson Electric Co		16,197,012
	47,450		Fastenal Co		2,232,048
	57,087		Flowserve Corp		1,591,015
	130,428		Fortive Corp		9,154,741
	60,360		Fortune Brands Home & Security, Inc		4,617,540
	19,491	*	Gates Industrial Corp plc		205,435
	2,356	*	Generac Holdings, Inc		371,258
	111,306		General Dynamics Corp		16,333,042
	3,842,832		General Electric Co		23,325,990
	36,185		Graco, Inc		1,926,489
	34,355		GrafTech International Ltd		208,535
	70,523	*	HD Supply Holdings, Inc		2,475,357
	3,837		HEICO Corp		368,812
	6,680		HEICO Corp (Class A)		511,354
	36,526		Hexcel Corp		1,362,420
	309,623		Honeywell International, Inc		46,248,388
	173,000		Howmet Aerospace, Inc		2,556,940
	23,676		Hubbell, Inc		3,195,550
	15,696		Huntington Ingalls		2,726,552
	33,017		IDEX Corp		5,441,862

200

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	76,967		Illinois Tool Works, Inc	$	14,238,125
	151,894	*	Ingersoll Rand, Inc		4,798,331
	37,876		ITT, Inc		2,186,581
	54,885		Jacobs Engineering Group, Inc		4,684,435
	326,613		Johnson Controls International plc		12,568,068
	94,517		L3Harris Technologies, Inc		15,910,047
	15,153		Lennox International, Inc		4,063,125
	14,353		Lincoln Electric Holdings, Inc		1,297,368
	115,198		Masco Corp		6,584,718
	4,450	*	Mercury Systems, Inc		344,564
	24,138	*	Middleby Corp		2,004,902
	19,575		MSC Industrial Direct Co (Class A)		1,292,146
	4,606		Nordson Corp		891,860
	5,555		Northrop Grumman Corp		1,805,431
	72,974		nVent Electric plc		1,325,208
	29,677		Oshkosh Corp		2,336,173
	182,225		Otis Worldwide Corp		11,432,797
	46,850		Owens Corning, Inc		2,833,020
	148,740		PACCAR, Inc		12,654,799
	56,140		Parker-Hannifin Corp		10,044,569
	72,333		Pentair plc		3,099,469
	47,819		Quanta Services, Inc		1,911,325
	628,985		Raytheon Technologies Corp		35,650,870
	17,741		Regal-Beloit Corp		1,631,640
	26,126		Rockwell Automation, Inc		5,699,126
	39,380		Roper Technologies Inc		17,029,881
	67,621	*	Sensata Technologies Holding plc		2,568,246
	23,577		Snap-On, Inc		3,439,177
	45,937		Spirit Aerosystems Holdings, Inc (Class A)		898,987
	67,611		Stanley Black & Decker, Inc		10,366,119
	15,889	*	Teledyne Technologies, Inc		4,873,156
	99,800		Textron, Inc		3,487,012
	27,751		Timken Co		1,267,111
	4,637		Toro Co		330,850
	104,749		Trane Technologies plc		11,718,271
	17,816		TransDigm Group, Inc		7,689,029
	39,412	e	Trinity Industries, Inc		769,716
	31,561	*	United Rentals, Inc		4,903,633
	73,081	*	Univar Solutions Inc		1,291,341
	9,180		Valmont Industries, Inc		1,112,616
	11,917	*,e	Virgin Galactic Holdings, Inc		267,537
	5,190		W.W. Grainger, Inc		1,772,541
	79,324		Wabtec Corp		4,933,160
	14,277		Watsco, Inc		3,370,371
	24,381		Woodward Inc		1,827,112
	78,408		Xylem, Inc		5,722,216
			TOTAL CAPITAL GOODS		570,084,741
COMMERCIAL & PROFESSIONAL SERVICES - 0.8%
	49,044	e	ADT, Inc		422,269
	4,412		Cintas Corp		1,331,850
	22,551	*	Clean Harbors, Inc		1,344,040
	13,682		Equifax, Inc		2,224,146
	16,002	*	FTI Consulting, Inc		1,911,279
	44,839	*	IAA, Inc		1,943,771
	79,197		IHS Markit Ltd		6,393,574

201

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	25,374		Manpower, Inc	$	1,745,477
	12,405		MSA Safety, Inc		1,470,365
	159,314		Nielsen NV		2,298,901
	92,033		Republic Services, Inc		8,029,879
	48,925		Robert Half International, Inc		2,488,815
	8,121		Rollins, Inc		425,540
	40,033	*	Stericycle, Inc		2,419,394
	7,412		TransUnion		663,893
	161,418		Waste Management, Inc		17,691,413
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		52,804,606
CONSUMER DURABLES & APPAREL - 1.3%
	34,565		Brunswick Corp		2,315,164
	62,190	*	Capri Holdings Ltd		931,606
	18,771		Carter’s, Inc		1,477,653
	12,618		Columbia Sportswear Co		956,949
	144,924		DR Horton, Inc		9,588,172
	65,561		Garmin Ltd		6,463,659
	151,946		Hanesbrands, Inc		2,146,997
	55,752		Hasbro, Inc		4,056,515
	57,852		Leggett & Platt, Inc		2,319,287
	6,456		Lennar Corp (B Shares)		347,785
	118,640		Lennar Corp (Class A)		8,583,604
	62,469	*	Mattel, Inc		694,031
	25,456	*	Mohawk Industries, Inc		2,032,662
	168,306		Newell Brands Inc		2,760,218
	1,318	*	NVR, Inc		5,179,938
	32,441	*	Peloton Interactive, Inc		2,213,125
	22,837		Polaris Inc		2,366,598
	117,221		Pulte Homes, Inc		5,110,836
	30,775		PVH Corp		1,497,511
	20,931		Ralph Lauren Corp		1,492,380
	58,610	*	Skechers U.S.A., Inc (Class A)		1,716,101
	121,184		Tapestry, Inc		1,619,018
	5,363	*	Tempur Sealy International, Inc		434,135
	56,463		Toll Brothers, Inc		2,156,887
	82,501	*	Under Armour, Inc (Class A)		867,910
	83,055	*	Under Armour, Inc (Class C)		788,192
	134,896		VF Corp		8,142,322
	26,732		Whirlpool Corp		4,360,524
			TOTAL CONSUMER DURABLES & APPAREL		82,619,779
CONSUMER SERVICES - 2.4%
	100,032		ARAMARK Holdings Corp		2,112,676
	7,733	*	Bright Horizons Family Solutions		829,287
	206,282	e	Carnival Corp		2,863,194
	15,242		Choice Hotels International, Inc		1,280,938
	57,009		Darden Restaurants, Inc		4,326,983
	5,322		Dunkin Brands Group, Inc		365,781
	77,542		Extended Stay America, Inc		884,754
	31,212	*	frontdoor, Inc		1,310,748
	1,889		Graham Holdings Co		752,521
	21,529	*	Grand Canyon Education, Inc		1,910,484
	25,112		H&R Block, Inc		364,124
	119,689		Hilton Worldwide Holdings, Inc		8,982,659
	17,821		Hyatt Hotels Corp		855,408

202

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	83,427		Las Vegas Sands Corp	$	3,640,754
	117,848		Marriott International, Inc (Class A)		9,878,609
	280,173		McDonald’s Corp		54,432,010
	206,315		MGM Resorts International		3,319,608
	116,097	*,e	Norwegian Cruise Line Holdings Ltd		1,583,563
	15,174	*	Planet Fitness, Inc		792,083
	74,991		Royal Caribbean Cruises Ltd		3,652,812
	76,212		Service Corp International		3,304,552
	55,139	*	ServiceMaster Global Holdings, Inc		2,254,634
	37,598		Six Flags Entertainment Corp		653,829
	217,105		Starbucks Corp		16,615,046
	16,107		Vail Resorts, Inc		3,093,027
	36,808		Wyndham Destinations, Inc		979,093
	40,182		Wyndham Hotels & Resorts, Inc		1,774,437
	32,305		Wynn Resorts Ltd		2,339,851
	147,125		Yum China Holdings, Inc		7,538,685
	122,267		Yum! Brands, Inc		11,132,410
			TOTAL CONSUMER SERVICES		153,824,560
DIVERSIFIED FINANCIALS - 5.4%
	20,547		Affiliated Managers Group, Inc		1,413,428
	248,866		AGNC Investment Corp		3,384,577
	163,748		Ally Financial, Inc		3,291,335
	287,112		American Express Co		26,793,292
	55,151		Ameriprise Financial, Inc		8,472,848
	627,394		Annaly Capital Management, Inc		4,648,989
	37,681		Apollo Global Management, Inc		1,850,137
	355,172		Bank of New York Mellon Corp		12,732,916
	64,971		BlackRock, Inc		37,358,975
	198,608		Capital One Financial Corp		12,671,190
	46,233	e	Carlyle Group, Inc		1,316,253
	37,521		CBOE Global Markets, Inc		3,290,592
	512,591		Charles Schwab Corp		16,992,392
	155,824		CME Group, Inc		25,894,832
	4,137	*,e	Credit Acceptance Corp		1,935,868
	134,352		Discover Financial Services		6,641,019
	98,010		E*TRADE Financial Corp		4,975,968
	48,526		Eaton Vance Corp		1,753,730
	17,303		Evercore Inc		956,856
	118,732		Franklin Resources, Inc		2,499,309
	146,380		Goldman Sachs Group, Inc		28,977,385
	31,923		Interactive Brokers Group, Inc (Class A)		1,583,381
	153,592		Intercontinental Exchange Group, Inc		14,864,634
	165,243		Invesco Ltd		1,659,040
	95,109	e	iShares Russell 1000 Growth ETF		11,140,117
	99,349		Jefferies Financial Group, Inc		1,609,454
	233,586		KKR & Co, Inc		8,261,937
	44,194		Lazard Ltd (Class A)		1,295,768
	36,429		Legg Mason, Inc		1,821,086
	31,690		LPL Financial Holdings, Inc		2,504,144
	487,950		Morgan Stanley		23,850,996
	1,525		Morningstar, Inc		256,261
	51,718		Nasdaq Inc		6,791,090
	178,756		New Residential Investment Corp		1,417,535
	84,207		Northern Trust Corp		6,597,618
	28,480		OneMain Holdings, Inc		817,376

203

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	53,804		Raymond James Financial, Inc	$	3,738,302
	43,917		S&P Global, Inc		15,381,929
	33,080		Santander Consumer USA Holdings, Inc		607,349
	50,546		SEI Investments Co		2,645,072
	126,117		SLM Corp		853,812
	119,754		Starwood Property Trust, Inc		1,790,322
	154,355		State Street Corp		9,846,305
	255,560		Synchrony Financial		5,655,543
	74,011		T Rowe Price Group, Inc		10,220,919
	113,803		TD Ameritrade Holding Corp		4,084,390
	5,396		Tradeweb Markets, Inc		291,762
	2,931		Virtu Financial, Inc		72,689
	55,069		Voya Financial, Inc		2,720,409
			TOTAL DIVERSIFIED FINANCIALS		350,231,131
ENERGY - 4.8%
	128,911	e	Antero Midstream Corp		730,925
	165,469		Apache Corp		2,539,949
	287,743		Baker Hughes Co		4,457,139
	171,820		Cabot Oil & Gas Corp		3,213,034
	823,389		Chevron Corp		69,115,273
	49,769		Cimarex Energy Co		1,217,350
	85,533		Concho Resources, Inc		4,493,904
	476,009		ConocoPhillips		17,797,977
	32,763	e	Continental Resources, Inc		566,472
	167,319		Devon Energy Corp		1,755,176
	70,357		Diamondback Energy, Inc		2,804,430
	255,535		EOG Resources, Inc		11,971,815
	111,716		EQT Corp		1,622,116
	162,362	e	Equitrans Midstream Corp		1,566,793
	1,864,078		Exxon Mobil Corp		78,440,402
	383,961		Halliburton Co		5,502,161
	45,779		Helmerich & Payne, Inc		816,240
	120,381		Hess Corp		5,923,949
	65,430		HollyFrontier Corp		1,799,325
	853,431		Kinder Morgan, Inc		12,033,377
	345,310		Marathon Oil Corp		1,895,752
	283,797		Marathon Petroleum Corp		10,841,045
	61,435		Murphy Oil Corp		811,556
	170,032		National Oilwell Varco, Inc		1,957,068
	208,662		Noble Energy, Inc		2,084,533
	356,109		Occidental Petroleum Corp		5,605,156
	192,304		ONEOK, Inc		5,367,205
	131,888		Parsley Energy, Inc		1,448,130
	191,424		Phillips 66		11,872,117
	71,977		Pioneer Natural Resources Co		6,976,011
	609,206		Schlumberger Ltd		11,050,997
	100,948		Targa Resources Investments, Inc		1,845,330
	178,769		Valero Energy Corp		10,052,181
	533,185		Williams Cos, Inc		10,199,829
	176,197	*	WPX Energy, Inc		1,051,896
			TOTAL ENERGY		311,426,613
FOOD & STAPLES RETAILING - 1.9%
	16,132		Casey’s General Stores, Inc		2,568,053
	22,672		Costco Wholesale Corp		7,380,416

204

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	14,202	*	Grocery Outlet Holding Corp	$	624,746
	339,481		Kroger Co		11,810,544
	8,108	*	Sprouts Farmers Market, Inc		213,889
	61,246		SYSCO Corp		3,236,851
	96,279	*	US Foods Holding Corp		1,954,464
	321,580		Walgreens Boots Alliance, Inc		13,091,522
	614,352		Walmart, Inc		79,497,149
			TOTAL FOOD & STAPLES RETAILING		120,377,634
FOOD, BEVERAGE & TOBACCO - 4.3%
	460,573		Altria Group, Inc		18,952,579
	242,931		Archer-Daniels-Midland Co		10,404,735
	4,562	*	Beyond Meat, Inc		574,356
	4,709		Brown-Forman Corp (Class A)		297,797
	11,718		Brown-Forman Corp (Class B)		812,526
	60,506		Bunge Ltd		2,628,381
	40,073		Campbell Soup Co		1,986,419
	705,282		Coca-Cola Co		33,317,522
	213,716		ConAgra Brands, Inc		8,003,664
	69,977		Constellation Brands, Inc (Class A)		12,469,901
	85,402		Flowers Foods, Inc		1,942,895
	266,296		General Mills, Inc		16,848,548
	35,650	*	Hain Celestial Group, Inc		1,211,387
	14,747		Hershey Co		2,144,361
	126,150		Hormel Foods Corp		6,415,989
	29,413		Ingredion, Inc		2,544,224
	48,409		J.M. Smucker Co		5,293,524
	72,738		Kellogg Co		5,018,195
	151,444		Keurig Dr Pepper, Inc		4,632,672
	283,954		Kraft Heinz Co		9,762,339
	49,309		Lamb Weston Holdings, Inc		2,962,485
	23,976		McCormick & Co, Inc		4,672,922
	76,495		Molson Coors Brewing Co (Class B)		2,870,092
	623,641		Mondelez International, Inc		34,605,839
	162,137		PepsiCo, Inc		22,319,779
	685,951		Philip Morris International, Inc		52,687,896
	15,501	*	Pilgrim’s Pride Corp		237,940
	27,924	*	Post Holdings, Inc		2,477,976
	111		Seaboard Corp		300,061
	24,589	*	TreeHouse Foods, Inc		1,077,490
	126,057		Tyson Foods, Inc (Class A)		7,746,203
			TOTAL FOOD, BEVERAGE & TOBACCO		277,220,697
HEALTH CARE EQUIPMENT & SERVICES - 7.2%
	469,629		Abbott Laboratories		47,263,463
	38,371	*,e	Acadia Healthcare Co, Inc		1,143,840
	33,219		AmerisourceBergen Corp		3,328,212
	82,329		Anthem, Inc		22,541,680
	129,857		Baxter International, Inc		11,217,048
	118,473		Becton Dickinson & Co		33,331,194
	613,533	*	Boston Scientific Corp		23,663,968
	177,687	*	Centene Corp		11,594,077
	28,145	*	Change Healthcare, Inc		328,171
	116,008		Cigna Corp		20,033,422
	18,766		Cooper Cos, Inc		5,309,464
	576,900		CVS Health Corp		36,310,086

205

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	275,974		Danaher Corp	$	56,243,501
	30,267	*	DaVita, Inc		2,645,033
	95,820		Dentsply Sirona, Inc		4,273,572
	24,181		Encompass Health Corp		1,646,242
	69,923	*	Envista Holdings Corp		1,529,216
	32,478	*	Globus Medical, Inc		1,564,790
	1,463	*	Haemonetics Corp		128,247
	55,603		HCA Healthcare, Inc		7,041,564
	62,485	*	Henry Schein, Inc		4,294,594
	25,795		Hill-Rom Holdings, Inc		2,507,790
	33,947	*	Hologic, Inc		2,368,822
	36,395		Humana, Inc		14,283,218
	6,951	*	ICU Medical, Inc		1,277,107
	35,058	*	Integra LifeSciences Holdings Corp		1,674,019
	40,177	*	Laboratory Corp of America Holdings		7,750,947
	18,067		McKesson Corp		2,712,941
	591,092		Medtronic plc		57,028,556
	8,585	*	Molina Healthcare, Inc		1,585,649
	4,174	*	PPD, Inc		122,590
	26,973	*	Premier, Inc		943,246
	58,602		Quest Diagnostics, Inc		7,446,556
	34,894		STERIS plc		5,570,129
	102,510		Stryker Corp		19,815,183
	2,794	*	Tandem Diabetes Care, Inc		291,861
	3,108	*	Teladoc, Inc		738,554
	7,553		Teleflex, Inc		2,818,024
	70,283		UnitedHealth Group, Inc		21,280,287
	32,275		Universal Health Services, Inc (Class B)		3,547,022
	34,760	*	Varian Medical Systems, Inc		4,960,947
	90,840		Zimmer Biomet Holdings, Inc		12,250,682
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		466,405,514
HOUSEHOLD & PERSONAL PRODUCTS - 2.2%
	16,096		Clorox Co		3,806,865
	369,982		Colgate-Palmolive Co		28,562,610
	141,891		Coty, Inc		526,416
	5,598		Energizer Holdings, Inc		280,628
	10,307		Estee Lauder Cos (Class A)		2,036,045
	38,484	*	Herbalife Nutrition Ltd		1,971,920
	150,374		Kimberly-Clark Corp		22,862,863
	24,739		Nu Skin Enterprises, Inc (Class A)		1,109,544
	594,007		Procter & Gamble Co		77,886,198
	14,449		Reynolds Consumer Products Inc		492,133
	18,041		Spectrum Brands Holdings, Inc		977,100
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		140,512,322
INSURANCE - 6.1%
	311,485		Aflac, Inc		11,079,521
	5,525		Alleghany Corp		2,885,818
	137,541		Allstate Corp		12,982,495
	32,312		American Financial Group, Inc		1,963,600
	378,201		American International Group, Inc		12,155,380
	3,063		American National Group, Inc		225,590
	174,209	*	Arch Capital Group Ltd		5,356,927
	82,526		Arthur J. Gallagher & Co		8,870,720
	26,121		Assurant, Inc		2,807,224

206

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	36,774		Assured Guaranty Ltd	$	802,776
	51,714	*	Athene Holding Ltd		1,667,776
	36,050		Axis Capital Holdings Ltd		1,446,326
	858,651	*	Berkshire Hathaway, Inc (Class B)		168,106,693
	43,083	*	Brighthouse Financial, Inc		1,220,972
	97,821		Brown & Brown, Inc		4,447,921
	197,330		Chubb Ltd		25,108,269
	65,625		Cincinnati Financial Corp		5,114,156
	12,295		CNA Financial Corp		409,424
	4,764		Erie Indemnity Co (Class A)		1,001,012
	17,528		Everest Re Group Ltd		3,834,951
	120,463		Fidelity National Financial Inc		3,898,183
	47,538		First American Financial Corp		2,424,913
	45,972		Globe Life, Inc		3,659,371
	16,590		Hanover Insurance Group, Inc		1,690,189
	156,723		Hartford Financial Services Group, Inc		6,632,517
	27,102		Kemper Corp		2,128,049
	73,943		Lincoln National Corp		2,755,856
	104,987		Loews Corp		3,822,577
	5,924	*	Markel Corp		6,187,855
	49,536		Marsh & McLennan Cos, Inc		5,775,898
	14,403		Mercury General Corp		618,033
	342,611		Metlife, Inc		12,967,826
	124,026		Old Republic International Corp		1,993,098
	6,941		Primerica, Inc		830,560
	119,057		Principal Financial Group		5,051,589
	182,691		Progressive Corp		16,504,305
	173,538		Prudential Financial, Inc		10,997,103
	29,686		Reinsurance Group of America, Inc (Class A)		2,530,732
	14,198		RenaissanceRe Holdings Ltd		2,561,035
	111,720		Travelers Cos, Inc		12,783,002
	89,093		Unum Group		1,535,072
	61,025		W.R. Berkley Corp		3,768,294
	1,322		White Mountains Insurance Group Ltd		1,163,532
	56,415		Willis Towers Watson plc		11,847,714
			TOTAL INSURANCE		395,614,854
MATERIALS - 4.6%
	85,404		Air Products & Chemicals, Inc		24,479,349
	46,257		Albemarle Corp		3,814,352
	597,887		Amcor plc		6,158,236
	28,148		Aptargroup, Inc		3,242,650
	12,382		Ardagh Group S.A.		168,519
	24,241		Ashland Global Holdings, Inc		1,829,711
	21,450		Avery Dennison Corp		2,431,143
	92,297	*	Axalta Coating Systems Ltd		2,048,993
	8,953		Ball Corp		659,209
	40,894	*	Berry Global Group, Inc		2,044,291
	27,328		Cabot Corp		996,925
	51,639		Celanese Corp (Series A)		5,019,311
	93,577		CF Industries Holdings, Inc		2,931,767
	71,565		Chemours Co		1,326,099
	328,933		Corteva, Inc		9,394,326
	50,969	*	Crown Holdings, Inc		3,648,361
	325,609		Dow, Inc		13,369,506
	322,615		DuPont de Nemours, Inc		17,253,450

207

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	18,082		Eagle Materials, Inc	$	1,450,719
	59,443		Eastman Chemical Co		4,436,231
	87,573		Ecolab, Inc		16,383,157
	95,092	*	Element Solutions, Inc		1,032,699
	45,577		FMC Corp		4,833,441
	635,763		Freeport-McMoRan, Inc (Class B)		8,214,058
	95,253		Graphic Packaging Holding Co		1,327,827
	87,760		Huntsman Corp		1,623,560
	46,894		International Flavors & Fragrances, Inc		5,906,299
	172,386		International Paper Co		5,997,309
	231,530		Linde plc		56,750,318
	112,443		LyondellBasell Industries NV		7,029,936
	27,244		Martin Marietta Materials, Inc		5,644,412
	151,369		Mosaic Co		2,038,940
	327		NewMarket Corp		122,563
	352,388		Newmont Goldcorp Corp		24,385,250
	132,102		Nucor Corp		5,541,679
	62,477		Olin Corp		702,241
	41,055		Packaging Corp of America		3,946,207
	103,451		PPG Industries, Inc		11,136,500
	27,792		Reliance Steel & Aluminum Co		2,730,842
	8,159		Royal Gold, Inc		1,141,689
	9,189		RPM International, Inc		749,731
	1,118		Scotts Miracle-Gro Co (Class A)		177,281
	70,135		Sealed Air Corp		2,502,417
	34,462		Silgan Holdings, Inc		1,318,172
	43,894		Sonoco Products Co		2,271,076
	40,821		Southern Copper Corp (NY)		1,784,286
	88,818		Steel Dynamics, Inc		2,434,501
	81,200		Valvoline, Inc		1,666,224
	57,940		Vulcan Materials Co		6,803,315
	14,855		Westlake Chemical Corp		809,598
	112,441		WestRock Co		3,020,165
	15,811		WR Grace and Co		729,361
			TOTAL MATERIALS		297,458,202
MEDIA & ENTERTAINMENT - 5.8%
	205,180		Activision Blizzard, Inc		16,954,023
	29,662	*	Alphabet, Inc (Class A)		44,135,573
	29,281	*	Alphabet, Inc (Class C)		43,422,552
	6,370	*	Charter Communications, Inc		3,694,600
	1,996,623		Comcast Corp (Class A)		85,455,464
	68,387	*,e	Discovery, Inc (Class A)		1,442,966
	142,710	*	Discovery, Inc (Class C)		2,704,355
	107,695	*	DISH Network Corp (Class A)		3,458,086
	107,801	*	Electronic Arts, Inc		15,266,778
	148,656		Fox Corp (Class A)		3,830,865
	70,118		Fox Corp (Class B)		1,806,941
	170,286		Interpublic Group of Cos, Inc		3,073,662
	18,421		John Wiley & Sons, Inc (Class A)		623,182
	10,841	*	Liberty Broadband Corp (Class A)		1,463,643
	46,014	*	Liberty Broadband Corp (Class C)		6,316,342
	12,363	*	Liberty Media Group (Class A)		409,092
	86,858	*	Liberty Media Group (Class C)		3,078,248
	32,143	*	Liberty SiriusXM Group (Class A)		1,118,255
	67,211	*	Liberty SiriusXM Group (Class C)		2,351,713

208

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	26,285	*,e	Lions Gate Entertainment Corp (Class A)	$	201,343
	56,451	*	Lions Gate Entertainment Corp (Class B)		401,367
	8,328	*	Madison Square Garden Co		1,279,930
	8,328	*	Madison Square Garden Entertainment Corp		590,122
	69,655		New York Times Co (Class A)		3,213,882
	170,038		News Corp (Class A)		2,162,883
	66,432		News Corp (Class B)		847,672
	6,776		Nexstar Media Group Inc		593,916
	93,214		Omnicom Group, Inc		5,008,388
	29,940	*	Pinterest, Inc		1,026,643
	205,677		Sirius XM Holdings, Inc		1,209,381
	3,696	*	Take-Two Interactive Software, Inc		606,218
	44,047		TripAdvisor, Inc		891,071
	337,269	*	Twitter, Inc		12,276,592
	3,107	e	ViacomCBS, Inc (Class A)		86,188
	237,866		ViacomCBS, Inc (Class B)		6,201,167
	796,111		Walt Disney Co		93,097,220
	22,443	*	Zillow Group, Inc (Class A)		1,528,144
	52,859	*,e	Zillow Group, Inc (Class C)		3,615,027
	68,817	*	Zynga, Inc		676,471
			TOTAL MEDIA & ENTERTAINMENT		376,119,965
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.2%
	46,418		AbbVie, Inc		4,405,532
	1,207	*	Acceleron Pharma, Inc		119,698
	123,987		Agilent Technologies, Inc		11,943,668
	24,001	*	Agios Pharmaceuticals, Inc		1,087,725
	78,910	*	Alexion Pharmaceuticals, Inc		8,087,486
	68,030	*	Alkermes plc		1,225,220
	49,756	*	Biogen, Inc		13,667,476
	7,363	*	BioMarin Pharmaceutical, Inc		882,161
	9,253	*	Bio-Rad Laboratories, Inc (Class A)		4,856,807
	998		Bio-Techne Corp		274,610
	15,634	*	Bluebird Bio, Inc		948,984
	636,504		Bristol-Myers Squibb Co		37,337,325
	26,018		Bruker BioSciences Corp		1,160,923
	67,295	*	Catalent, Inc		5,877,545
	2,440	*	Charles River Laboratories International, Inc		485,536
	175,215	*	Elanco Animal Health, Inc		4,140,330
	8,536	*	Exact Sciences Corp		808,786
	89,597	*	Exelixis, Inc		2,068,795
	553,820		Gilead Sciences, Inc		38,507,105
	5,957	*	Horizon Therapeutics Plc		364,509
	29,083	*	Ionis Pharmaceuticals, Inc		1,674,017
	53,027	*	IQVIA Holdings, Inc		8,398,947
	23,698	*	Jazz Pharmaceuticals plc		2,565,309
	1,006,324		Johnson & Johnson		146,681,786
	139,789		Merck & Co, Inc		11,216,669
	620	*	Mettler-Toledo International, Inc		579,700
	226,004	*	Mylan NV		3,640,924
	74,117	*	Nektar Therapeutics		1,642,433
	39,322		PerkinElmer, Inc		4,675,779
	59,867		Perrigo Co plc		3,174,148
	2,450,440		Pfizer, Inc		94,292,931
	4,123	*	PRA Health Sciences, Inc		439,347
	98,563	*	QIAGEN NV		4,873,940

209

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	1,090	*	Reata Pharmaceuticals, Inc	$	160,993
	20,765	*	Sage Therapeutics, Inc		946,261
	24,480	*	Syneos Health, Inc		1,527,307
	71,629		Thermo Fisher Scientific, Inc		29,650,825
	19,016	*	United Therapeutics Corp		2,119,714
	24,837	*	Waters Corp		5,294,007
	19,827		Zoetis, Inc		3,007,359
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		464,812,617
REAL ESTATE - 4.7%
	54,898		Alexandria Real Estate Equities, Inc		9,747,140
	59,985		American Campus Communities, Inc		2,137,865
	113,756		American Homes 4 Rent		3,298,924
	79,066		Americold Realty Trust		3,190,313
	64,877		Apartment Investment & Management Co		2,518,525
	91,855		Apple Hospitality REIT, Inc		810,161
	61,702		AvalonBay Communities, Inc		9,447,810
	68,186		Boston Properties, Inc		6,074,691
	73,832		Brandywine Realty Trust		799,601
	129,814		Brixmor Property Group, Inc		1,494,159
	41,339		Camden Property Trust		3,753,995
	146,253	*	CBRE Group, Inc		6,407,344
	6,731		Coresite Realty		868,636
	49,189		Corporate Office Properties Trust		1,302,525
	64,859		Cousins Properties, Inc		1,992,468
	12,222		Crown Castle International Corp		2,037,407
	84,655		CubeSmart		2,511,714
	50,388		CyrusOne, Inc		4,203,367
	118,549		Digital Realty Trust, Inc		19,031,856
	72,900		Douglas Emmett, Inc		2,124,306
	161,484		Duke Realty Corp		6,490,042
	78,010		Empire State Realty Trust, Inc		514,866
	34,155		EPR Properties		977,858
	51,142		Equity Commonwealth		1,614,553
	44,963		Equity Lifestyle Properties, Inc		3,071,872
	161,159		Equity Residential		8,642,957
	28,588		Essex Property Trust, Inc		6,310,515
	16,360		Extra Space Storage, Inc		1,690,642
	32,976		Federal Realty Investment Trust		2,516,069
	55,312		First Industrial Realty Trust, Inc		2,429,303
	90,422		Gaming and Leisure Properties, Inc		3,274,181
	95,250		Healthcare Trust of America, Inc		2,629,853
	236,405		Healthpeak Properties Inc		6,451,492
	45,069		Highwoods Properties, Inc		1,727,945
	306,396		Host Hotels and Resorts, Inc		3,302,949
	17,193	*	Howard Hughes Corp		914,496
	65,811		Hudson Pacific Properties		1,551,165
	238,598		Invitation Homes, Inc		7,114,992
	51,890		Iron Mountain, Inc		1,462,779
	53,371		JBG SMITH Properties		1,548,293
	22,462		Jones Lang LaSalle, Inc		2,221,716
	50,345		Kilroy Realty Corp		2,933,603
	181,006		Kimco Realty Corp		2,018,217
	37,662		Lamar Advertising Co		2,475,523
	20,436		Life Storage, Inc		2,005,385
	227,911		Medical Properties Trust, Inc		4,587,848

210

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	49,927		Mid-America Apartment Communities, Inc	$	5,950,799
	75,046		National Retail Properties, Inc		2,660,381
	98,595		Omega Healthcare Investors, Inc		3,192,506
	61,900		Outfront Media, Inc		891,979
	101,768		Paramount Group, Inc		725,606
	104,913		Park Hotels & Resorts, Inc		867,631
	325,139		Prologis, Inc		34,276,153
	22,945		Public Storage, Inc		4,586,247
	59,787		Rayonier, Inc		1,660,883
	150,803		Realty Income Corp		9,055,720
	73,842		Regency Centers Corp		3,029,737
	50,860		Rexford Industrial Realty, Inc		2,386,860
	42,567		SBA Communications Corp		13,261,323
	28,417		Simon Property Group, Inc		1,771,800
	33,879		SL Green Realty Corp		1,575,374
	45,070		Spirit Realty Capital, Inc		1,553,112
	98,494		STORE Capital Corp		2,333,323
	42,366		Sun Communities, Inc		6,351,934
	26,117		Taubman Centers, Inc		1,011,250
	128,388		UDR, Inc		4,647,646
	163,633		Ventas, Inc		6,276,962
	473,210		VEREIT, Inc		3,080,597
	205,767		VICI Properties, Inc		4,467,202
	76,892		Vornado Realty Trust		2,654,312
	53,144		Weingarten Realty Investors		906,637
	183,349		Welltower, Inc		9,820,172
	327,519		Weyerhaeuser Co		9,108,303
	74,992		WP Carey, Inc		5,352,179
			TOTAL REAL ESTATE		307,688,549
RETAILING - 2.6%
	29,189		Advance Auto Parts, Inc		4,382,436
	27,790	*	Autonation, Inc		1,426,739
	4,186	*	AutoZone, Inc		5,054,260
	81,958		Best Buy Co, Inc		8,162,197
	3,019	*	Burlington Stores, Inc		567,572
	65,955	*	CarMax, Inc		6,395,656
	31,237		Dick’s Sporting Goods, Inc		1,425,032
	53,715	*	Dollar Tree, Inc		5,014,295
	25,186		eBay, Inc		1,392,282
	52,624		Expedia Group Inc		4,263,070
	45,339		Foot Locker, Inc		1,332,513
	79,989		Gap, Inc		1,069,453
	61,590		Genuine Parts Co		5,552,339
	36,429	*	GrubHub, Inc		2,631,631
	236,616		Home Depot, Inc		62,819,182
	67,877		Kohl’s Corp		1,292,378
	99,387		L Brands, Inc		2,426,037
	132,734	*	LKQ Corp		3,741,771
	47,827	e	Nordstrom, Inc		654,752
	2,677	*	Ollie’s Bargain Outlet Holdings, Inc		281,353
	13,305	e	Penske Auto Group, Inc		596,330
	166,846	*	Qurate Retail Group, Inc QVC Group		1,820,290
	29,264		Ross Stores, Inc		2,624,103
	220,977		Target Corp		27,816,585
	53,090		Tiffany & Co		6,655,362

211

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	103,618		TJX Companies, Inc	$	5,387,100
	1,652	*	Ulta Beauty, Inc		318,819
	2,539	*,e	Wayfair, Inc		675,603
	28,181		Williams-Sonoma, Inc		2,455,129
			TOTAL RETAILING		168,234,269
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.2%
	35,840	*	Advanced Micro Devices, Inc		2,775,091
	141,921		Analog Devices, Inc		16,299,627
	8,914		Broadcom, Inc		2,823,509
	25,596	*	Cirrus Logic, Inc		1,754,094
	47,428	*	Cree, Inc		3,268,738
	3,757		Entegris, Inc		270,166
	36,432	*,e	First Solar, Inc		2,169,526
	1,867,039		Intel Corp		89,113,771
	289,048		Marvell Technology Group Ltd		10,541,581
	77,763		Maxim Integrated Products, Inc		5,294,883
	25,736		Microchip Technology, Inc		2,618,123
	491,833	*	Micron Technology, Inc		24,618,701
	5,909		MKS Instruments, Inc		753,043
	177,837	*	ON Semiconductor Corp		3,663,442
	50,646	*	Qorvo, Inc		6,490,285
	73,121		Skyworks Solutions, Inc		10,644,955
	203,817		Texas Instruments, Inc		25,996,858
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		209,096,393
SOFTWARE & SERVICES - 3.6%
	20,885	*	2U, Inc		983,579
	12,337	*	Akamai Technologies, Inc		1,387,172
	20,503		Alliance Data Systems Corp		909,513
	58,129		Amdocs Ltd		3,609,811
	2,014	*	Aspen Technology, Inc		195,882
	32,151	*	Autodesk, Inc		7,601,461
	26,417		Automatic Data Processing, Inc		3,511,083
	9,129	*	CACI International, Inc (Class A)		1,897,189
	46,597		CDK Global, Inc		2,118,300
	13,964	*	Ceridian HCM Holding, Inc		1,093,242
	39,333		Citrix Systems, Inc		5,615,179
	220,232		Cognizant Technology Solutions Corp (Class A)		15,046,250
	32,929		CoreLogic Inc		2,244,441
	13,851	*	Crowdstrike Holdings, Inc		1,567,933
	111,125		DXC Technology Co		1,990,249
	22,025	*	Euronet Worldwide, Inc		2,117,484
	272,497		Fidelity National Information Services, Inc		39,869,036
	74,344	*	FireEye, Inc		1,122,594
	172,730	*	Fiserv, Inc		17,236,727
	50,234		Genpact Ltd		2,000,318
	130,669		Global Payments, Inc		23,261,695
	29,486	*	Guidewire Software, Inc		3,469,323
	391,681		International Business Machines Corp		48,153,262
	7,250		Jack Henry & Associates, Inc		1,292,675
	53,255		Leidos Holdings, Inc		5,067,746
	19,490		LogMeIn, Inc		1,672,437
	2,993	*	Manhattan Associates, Inc		286,699
	123,210	*	Nuance Communications, Inc		3,369,794
	104,008		Oracle Corp		5,767,244

212

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	29,549		Paychex, Inc	$	2,125,164
	1,745		Pegasystems, Inc		203,973
	4,850	*	RealPage, Inc		305,599
	117,447		Sabre Corp		887,899
	27,764	*	salesforce.com, Inc		5,409,815
	22,143		Science Applications International Corp		1,770,997
	20,534	*	SolarWinds Corp		377,004
	77,904		SS&C Technologies Holdings, Inc		4,479,480
	4,726	*	Synopsys, Inc		941,514
	11,266	*	Teradata Corp		236,586
	9,463	*	Twilio, Inc		2,625,225
	18,244	*	VeriSign, Inc		3,861,890
	144,851		Western Union Co		3,516,982
	17,344	*	WEX, Inc		2,746,769
			TOTAL SOFTWARE & SERVICES		233,947,215
TECHNOLOGY HARDWARE & EQUIPMENT - 2.9%
	51,525		Amphenol Corp (Class A)		5,449,284
	4,579	*	Arista Networks, Inc		1,189,487
	34,171	*	Arrow Electronics, Inc		2,447,327
	48,295		Avnet, Inc		1,290,442
	66,983	*	Ciena Corp		3,986,158
	1,870,780		Cisco Systems, Inc		88,113,738
	1,840	*	Coherent, Inc		255,447
	79,422	*	CommScope Holding Co, Inc		737,036
	328,771		Corning, Inc		10,191,901
	62,996	*	Dell Technologies, Inc		3,769,051
	24,355		Dolby Laboratories, Inc (Class A)		1,695,108
	23,920	*	EchoStar Corp (Class A)		653,016
	26,712	*	F5 Networks, Inc		3,630,161
	57,157		FLIR Systems, Inc		2,381,161
	565,527		Hewlett Packard Enterprise Co		5,581,751
	627,632		HP, Inc		11,033,771
	14,531	*	IPG Photonics Corp		2,601,194
	52,178		Jabil Inc		1,818,925
	144,077		Juniper Networks, Inc		3,656,674
	54,457	*	Keysight Technologies, Inc		5,439,710
	10,318		Littelfuse, Inc		1,832,993
	29,276	*	Lumentum Holdings, Inc		2,717,691
	66,965		Motorola Solutions, Inc		9,361,707
	56,468		National Instruments Corp		2,004,614
	55,706	*	NCR Corp		1,026,662
	44,444		NetApp, Inc		1,968,869
	45,193	*	Pure Storage, Inc		807,147
	18,198		Synnex Corp		2,270,019
	110,010	*	Trimble Inc		4,896,545
	695		Ubiquiti, Inc		128,783
	27,577	*	Viasat, Inc		1,046,823
	131,513		Western Digital Corp		5,668,210
	78,412		Xerox Holdings Corp		1,305,560
	1,978	*	Zebra Technologies Corp (Class A)		555,324
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		191,512,289
TELECOMMUNICATION SERVICES - 3.6%
	3,140,076		AT&T, Inc		92,883,448
	479,567		CenturyLink, Inc		4,627,821

213

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	43,240	*	GCI Liberty, Inc	$	3,389,584
	43,867		Telephone & Data Systems, Inc		851,897
	238,984	*	T-Mobile US, Inc		25,662,102
	7,254	*	US Cellular Corp		215,226
	1,826,146		Verizon Communications, Inc		104,966,872
			TOTAL TELECOMMUNICATION SERVICES		232,596,950
TRANSPORTATION - 2.6%
	52,562		Alaska Air Group, Inc		1,810,235
	3,903		Amerco, Inc		1,240,100
	213,060	e	American Airlines Group, Inc		2,369,227
	48,972		CH Robinson Worldwide, Inc		4,589,656
	13,426		Copa Holdings S.A. (Class A)		556,373
	337,479		CSX Corp		24,075,752
	279,538		Delta Air Lines, Inc		6,980,064
	29,712		Expeditors International of Washington, Inc		2,510,961
	106,049		FedEx Corp		17,858,652
	26,832		JB Hunt Transport Services, Inc		3,472,061
	117,678	*	JetBlue Airways Corp		1,216,791
	41,565		Kansas City Southern		7,142,945
	28,875	*	Kirby Corp		1,335,180
	54,774		Knight-Swift Transportation Holdings, Inc		2,382,121
	3,325		Landstar System, Inc		404,919
	104,480	*	Lyft, Inc (Class A)		3,053,950
	35,691		Macquarie Infrastructure Co LLC		1,069,302
	112,360		Norfolk Southern Corp		21,596,716
	5,901		Old Dominion Freight Line		1,078,821
	22,960		Ryder System, Inc		841,025
	25,839		Schneider National, Inc		649,334
	258,420		Southwest Airlines Co		7,982,594
	138,298	*	Uber Technologies, Inc		4,184,897
	147,184		Union Pacific Corp		25,514,346
	132,479	*	United Airlines Holdings Inc		4,157,191
	105,285		United Parcel Service, Inc (Class B)		15,030,487
	37,811	*	XPO Logistics, Inc		2,836,581
			TOTAL TRANSPORTATION		165,940,281
UTILITIES - 6.2%
	289,791		AES Corp		4,413,517
	109,493		Alliant Energy Corp		5,896,198
	107,957		Ameren Corp		8,662,470
	217,913		American Electric Power Co, Inc		18,932,281
	79,457		American Water Works Co, Inc		11,701,632
	53,118		Atmos Energy Corp		5,629,977
	24,835		Avangrid, Inc		1,236,535
	220,787		Centerpoint Energy, Inc		4,197,161
	125,240		CMS Energy Corp		8,037,903
	146,911		Consolidated Edison, Inc		11,287,172
	370,418		Dominion Energy, Inc		30,014,971
	84,229		DTE Energy Co		9,739,399
	324,838		Duke Energy Corp		27,526,772
	156,826		Edison International		8,730,503
	88,075		Entergy Corp		9,259,325
	178,202		Equitable Holdings, Inc		3,646,013
	98,025		Essential Utilities Inc		4,445,434
	99,222		Evergy, Inc		6,432,562

214

TIAA-CREF FUNDS - Large-Cap Value Index Fund

SHARES			COMPANY	VALUE
	147,826		Eversource Energy	$	13,314,688
	432,280		Exelon Corp		16,690,331
	237,639		FirstEnergy Corp		6,891,531
	46,879		Hawaiian Electric Industries, Inc		1,699,833
	22,072		Idacorp, Inc		2,058,214
	87,361		MDU Resources Group, Inc		1,832,834
	36,241		National Fuel Gas Co		1,470,297
	215,678		NextEra Energy, Inc		60,540,815
	167,771		NiSource, Inc		4,102,001
	69,606		NRG Energy, Inc		2,353,379
	87,575		OGE Energy Corp		2,881,217
	419,666	*,b	PG&E Corp		3,923,877
	49,319		Pinnacle West Capital Corp		4,097,423
	337,879		PPL Corp		8,994,339
	221,554		Public Service Enterprise Group, Inc		12,393,731
	130,161		Sempra Energy		16,199,838
	463,648		Southern Co		25,319,817
	91,146		UGI Corp		3,038,808
	219,497		Vistra Energy Corp		4,095,814
	138,509		WEC Energy Group, Inc		13,194,367
	233,437		Xcel Energy, Inc		16,116,490
			TOTAL UTILITIES		400,999,469
			TOTAL COMMON STOCKS		6,468,613,791
			(Cost $5,801,514,509)
RIGHTS / WARRANTS - 0.0%
ENERGY - 0.0%
	44,514		Occidental Petroleum Corp		249,276
			TOTAL ENERGY		249,276
			TOTAL RIGHTS / WARRANTS		249,276
			(Cost $0)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.4%
REPURCHASE AGREEMENT - 0.0%
$	535,000	r	Fixed Income Clearing Corp (FICC)		0.000	%	08/03/20		535,000
			TOTAL REPURCHASE AGREEMENT						535,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.4%
	27,177,238	c	State Street Navigator Securities Lending Government Money Market Portfolio						27,177,238
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						27,177,238
			TOTAL SHORT-TERM INVESTMENTS						27,712,238
			(Cost $27,712,238)
			TOTAL INVESTMENTS - 100.3%						6,496,575,305
			(Cost $5,829,226,747)
			OTHER ASSETS & LIABILITIES, NET - (0.3)%						(22,628,883	)
			NET ASSETS - 100.0%					$	6,473,946,422

215

TIAA-CREF FUNDS - Large-Cap Value Index Fund

	Abbreviation(s):
ETF	Exchange Traded Fund
*	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 $26,744,069.
r	Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $535,000 on 8/1/20, collateralized by U.S. Treasury Notes valued at $545,758.

216

TIAA-CREF FUNDS - S&P 500 Index Fund

TIAA-CREF FUNDS

S&P 500 INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.7%
AUTOMOBILES & COMPONENTS - 0.3%
	56,583		Aptiv plc	$	4,399,328
	47,605		BorgWarner, Inc		1,742,343
	885,926		Ford Motor Co		5,855,971
	284,131		General Motors Co		7,072,021
			TOTAL AUTOMOBILES & COMPONENTS		19,069,663
BANKS - 3.5%
	1,769,491		Bank of America Corp		44,024,936
	471,672		Citigroup, Inc		23,588,317
	96,379		Citizens Financial Group, Inc		2,391,163
	29,091		Comerica, Inc		1,120,585
	159,176		Fifth Third Bancorp		3,161,235
	38,718		First Republic Bank		4,355,001
	234,648		Huntington Bancshares, Inc		2,175,187
	690,125		JPMorgan Chase & Co		66,693,680
	216,724		Keycorp		2,602,855
	27,839		M&T Bank Corp		2,949,542
	89,741		People’s United Financial, Inc		968,305
	96,449		PNC Financial Services Group, Inc		10,288,215
	214,369		Regions Financial Corp		2,328,047
	11,633	*	SVB Financial Group		2,608,933
	308,933		Truist Financial Corp		11,572,630
	315,272		US Bancorp		11,614,621
	840,604		Wells Fargo & Co		20,393,053
	38,020		Zions Bancorporation		1,234,510
			TOTAL BANKS		214,070,815
CAPITAL GOODS - 5.3%
	130,245		3M Co		19,597,965
	30,741		A.O. Smith Corp		1,479,872
	21,025		Allegion plc		2,091,146
	51,399		Ametek, Inc		4,792,957
	121,094		Boeing Co		19,132,852
	182,296		Carrier Global Corp		4,965,743
	121,877		Caterpillar, Inc		16,195,016
	33,932		Cummins, Inc		6,557,698
	70,161		Deere & Co		12,370,086
	33,818		Dover Corp		3,480,887
	92,004		Eaton Corp		8,568,332
	136,663		Emerson Electric Co		8,474,473
	129,524		Fastenal Co		6,092,809
	24,194		Flowserve Corp		674,287
	66,746		Fortive Corp		4,684,902
	32,380		Fortune Brands Home & Security, Inc		2,477,070
	52,699		General Dynamics Corp		7,733,051
	1,985,233		General Electric Co		12,050,364

217

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	158,818		Honeywell International, Inc	$	23,722,645
	86,820		Howmet Aerospace, Inc		1,283,200
	9,058		Huntington Ingalls		1,573,465
	16,982		IDEX Corp		2,798,973
	65,095		Illinois Tool Works, Inc		12,041,924
	79,315	*	Ingersoll Rand, Inc		2,505,561
	28,685		Jacobs Engineering Group, Inc		2,448,265
	171,681		Johnson Controls International plc		6,606,285
	48,997		L3Harris Technologies, Inc		8,247,665
	55,765		Lockheed Martin Corp		21,133,262
	60,663		Masco Corp		3,467,497
	35,024		Northrop Grumman Corp		11,383,150
	91,357		Otis Worldwide Corp		5,731,738
	77,914		PACCAR, Inc		6,628,923
	28,661		Parker-Hannifin Corp		5,128,026
	35,450		Pentair plc		1,519,032
	30,131		Quanta Services, Inc		1,204,336
	334,183		Raytheon Technologies Corp		18,941,492
	26,333		Rockwell Automation, Inc		5,744,281
	23,562		Roper Technologies Inc		10,189,387
	11,618		Snap-On, Inc		1,694,718
	35,440		Stanley Black & Decker, Inc		5,433,661
	8,434	*	Teledyne Technologies, Inc		2,586,708
	48,629		Textron, Inc		1,699,097
	53,469		Trane Technologies plc		5,981,577
	11,294		TransDigm Group, Inc		4,874,264
	16,300	*	United Rentals, Inc		2,532,531
	10,037		W.W. Grainger, Inc		3,427,937
	42,072		Wabtec Corp		2,616,458
	41,228		Xylem, Inc		3,008,819
			TOTAL CAPITAL GOODS		327,574,387
COMMERCIAL & PROFESSIONAL SERVICES - 0.8%
	18,973		Cintas Corp		5,727,380
	47,548	*	Copart, Inc		4,433,851
	27,279		Equifax, Inc		4,434,474
	91,295		IHS Markit Ltd		7,370,245
	82,061		Nielsen NV		1,184,140
	47,412		Republic Services, Inc		4,136,697
	26,681		Robert Half International, Inc		1,357,262
	31,134		Rollins, Inc		1,631,422
	36,746		Verisk Analytics, Inc		6,934,338
	87,908		Waste Management, Inc		9,634,717
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		46,844,526
CONSUMER DURABLES & APPAREL - 1.0%
	74,046		DR Horton, Inc		4,898,883
	32,763		Garmin Ltd		3,230,104
	73,327		Hanesbrands, Inc		1,036,111
	29,644		Hasbro, Inc		2,156,898
	30,816		Leggett & Platt, Inc		1,235,414
	63,159		Lennar Corp (Class A)		4,569,554
	13,275	*	Mohawk Industries, Inc		1,060,009
	84,648		Newell Brands Inc		1,388,227

218

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	280,325		Nike, Inc (Class B)	$	27,362,523
	780	*	NVR, Inc		3,065,517
	54,555		Pulte Homes, Inc		2,378,598
	13,897		PVH Corp		676,228
	11,568		Ralph Lauren Corp		824,798
	52,920		Tapestry, Inc		707,011
	39,270	*	Under Armour, Inc (Class A)		413,120
	47,694	*	Under Armour, Inc (Class C)		452,616
	72,524		VF Corp		4,377,549
	14,402		Whirlpool Corp		2,349,254
			TOTAL CONSUMER DURABLES & APPAREL		62,182,414
CONSUMER SERVICES - 1.5%
	106,602	e	Carnival Corp		1,479,636
	5,901	*	Chipotle Mexican Grill, Inc (Class A)		6,816,599
	29,868		Darden Restaurants, Inc		2,266,981
	8,875		Domino’s Pizza, Inc		3,431,164
	43,533		H&R Block, Inc		631,229
	63,945		Hilton Worldwide Holdings, Inc		4,799,072
	75,651		Las Vegas Sands Corp		3,301,410
	60,611		Marriott International, Inc (Class A)		5,080,717
	168,394		McDonald’s Corp		32,715,586
	113,426		MGM Resorts International		1,825,024
	48,024	*,e	Norwegian Cruise Line Holdings Ltd		655,047
	39,570		Royal Caribbean Cruises Ltd		1,927,455
	263,660		Starbucks Corp		20,177,900
	21,784		Wynn Resorts Ltd		1,577,815
	68,498		Yum! Brands, Inc		6,236,743
			TOTAL CONSUMER SERVICES		92,922,378
DIVERSIFIED FINANCIALS - 3.1%
	150,017		American Express Co		13,999,586
	28,128		Ameriprise Financial, Inc		4,321,305
	180,702		Bank of New York Mellon Corp		6,478,167
	34,832		BlackRock, Inc		20,028,748
	104,504		Capital One Financial Corp		6,667,355
	24,803		CBOE Global Markets, Inc		2,175,223
	257,373		Charles Schwab Corp		8,531,915
	80,545		CME Group, Inc		13,384,968
	70,685		Discover Financial Services		3,493,960
	49,973		E*TRADE Financial Corp		2,537,129
	65,095		Franklin Resources, Inc		1,370,250
	70,232		Goldman Sachs Group, Inc		13,903,127
	122,745		Intercontinental Exchange Group, Inc		11,879,261
	83,754		Invesco Ltd		840,890
	8,497		MarketAxess Holdings, Inc		4,390,400
	36,068		Moody’s Corp		10,145,928
	271,788		Morgan Stanley		13,284,997
	18,961		MSCI, Inc (Class A)		7,128,957
	25,708		Nasdaq Inc		3,375,718
	46,561		Northern Trust Corp		3,648,054
	28,151		Raymond James Financial, Inc		1,955,932

219

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	54,336		S&P Global, Inc	$	19,031,184
	79,641		State Street Corp		5,080,299
	127,377		Synchrony Financial		2,818,853
	50,532		T Rowe Price Group, Inc		6,978,469
			TOTAL DIVERSIFIED FINANCIALS		187,450,675
ENERGY - 2.5%
	86,365		Apache Corp		1,325,703
	148,506		Baker Hughes Co		2,300,358
	90,864		Cabot Oil & Gas Corp		1,699,157
	420,946		Chevron Corp		35,334,207
	44,751		Concho Resources, Inc		2,351,218
	244,715		ConocoPhillips		9,149,894
	93,156		Devon Energy Corp		977,206
	37,006		Diamondback Energy, Inc		1,475,059
	130,396		EOG Resources, Inc		6,109,053
	958,911	d	Exxon Mobil Corp		40,350,975
	201,860		Halliburton Co		2,892,654
	58,286		Hess Corp		2,868,254
	33,846		HollyFrontier Corp		930,765
	440,554		Kinder Morgan, Inc		6,211,811
	183,191		Marathon Oil Corp		1,005,719
	151,943		Marathon Petroleum Corp		5,804,223
	84,888		National Oilwell Varco, Inc		977,061
	89,994		Noble Energy, Inc		899,040
	203,911		Occidental Petroleum Corp		3,209,559
	92,922		ONEOK, Inc		2,593,453
	101,476		Phillips 66		6,293,541
	36,956		Pioneer Natural Resources Co		3,581,775
	309,341		Schlumberger Ltd		5,611,446
	78,775		TechnipFMC plc (Euro OTC)		632,563
	92,663		Valero Energy Corp		5,210,440
	279,038		Williams Cos, Inc		5,337,997
			TOTAL ENERGY		155,133,131
FOOD & STAPLES RETAILING - 1.5%
	99,520		Costco Wholesale Corp		32,396,746
	179,012		Kroger Co		6,227,827
	117,166		SYSCO Corp		6,192,223
	164,100		Walgreens Boots Alliance, Inc		6,680,511
	320,644		Walmart, Inc		41,491,334
			TOTAL FOOD & STAPLES RETAILING		92,988,641
FOOD, BEVERAGE & TOBACCO - 3.5%
	421,386		Altria Group, Inc		17,340,034
	128,606		Archer-Daniels-Midland Co		5,508,195
	41,720		Brown-Forman Corp (Class B)		2,892,865
	36,457		Campbell Soup Co		1,807,173
	875,714		Coca-Cola Co		41,368,729
	108,939		ConAgra Brands, Inc		4,079,766
	38,589		Constellation Brands, Inc (Class A)		6,876,560

220

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	136,743		General Mills, Inc	$	8,651,730
	34,269		Hershey Co		4,983,055
	62,634		Hormel Foods Corp		3,185,565
	26,200		J.M. Smucker Co		2,864,970
	55,485		Kellogg Co		3,827,910
	141,287		Kraft Heinz Co		4,857,447
	32,648		Lamb Weston Holdings, Inc		1,961,492
	27,901		McCormick & Co, Inc		5,437,905
	42,213		Molson Coors Brewing Co (Class B)		1,583,832
	321,544		Mondelez International, Inc		17,842,477
	82,626	*	Monster Beverage Corp		6,484,488
	313,088		PepsiCo, Inc		43,099,694
	351,408		Philip Morris International, Inc		26,991,648
	68,253		Tyson Foods, Inc (Class A)		4,194,147
			TOTAL FOOD, BEVERAGE & TOBACCO		215,839,682
HEALTH CARE EQUIPMENT & SERVICES - 6.8%
	400,719		Abbott Laboratories		40,328,360
	10,208	*	Abiomed, Inc		3,061,788
	16,257	*	Align Technology, Inc		4,776,632
	33,384		AmerisourceBergen Corp		3,344,743
	56,469		Anthem, Inc		15,461,212
	115,561		Baxter International, Inc		9,982,159
	66,666		Becton Dickinson & Co		18,755,812
	323,406	*	Boston Scientific Corp		12,473,769
	65,838		Cardinal Health, Inc		3,596,072
	131,329	*	Centene Corp		8,569,217
	68,337		Cerner Corp		4,746,005
	84,111		Cigna Corp		14,525,129
	11,140		Cooper Cos, Inc		3,151,840
	297,870		CVS Health Corp		18,747,938
	142,196		Danaher Corp		28,979,545
	18,501	*	DaVita, Inc		1,616,802
	52,295		Dentsply Sirona, Inc		2,332,357
	20,941	*	DexCom, Inc		9,120,643
	141,208	*	Edwards Lifesciences Corp		11,072,119
	59,418		HCA Healthcare, Inc		7,524,696
	32,307	*	Henry Schein, Inc		2,220,460
	57,851	*	Hologic, Inc		4,036,843
	29,595		Humana, Inc		11,614,558
	19,246	*	IDEXX Laboratories, Inc		7,655,096
	26,239	*	Intuitive Surgical, Inc		17,985,260
	21,982	*	Laboratory Corp of America Holdings		4,240,767
	36,199		McKesson Corp		5,435,642
	303,099		Medtronic plc		29,242,992
	29,450		Quest Diagnostics, Inc		3,742,211
	32,102		Resmed, Inc		6,500,976
	18,812		STERIS plc		3,002,960
	73,093		Stryker Corp		14,128,877
	10,442		Teleflex, Inc		3,895,910
	214,727		UnitedHealth Group, Inc		65,015,041

221

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	18,293		Universal Health Services, Inc (Class B)	$	2,010,401
	20,295	*	Varian Medical Systems, Inc		2,896,502
	16,911		West Pharmaceutical Services, Inc		4,546,861
	46,290		Zimmer Biomet Holdings, Inc		6,242,669
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		416,580,864
HOUSEHOLD & PERSONAL PRODUCTS - 2.0%
	55,706		Church & Dwight Co, Inc		5,366,159
	27,999		Clorox Co		6,622,043
	192,678		Colgate-Palmolive Co		14,874,741
	59,838		Coty, Inc		221,999
	50,203		Estee Lauder Cos (Class A)		9,917,101
	76,418		Kimberly-Clark Corp		11,618,593
	560,740		Procter & Gamble Co		73,524,229
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		122,144,865
INSURANCE - 3.3%
	164,525		Aflac, Inc		5,852,154
	70,209		Allstate Corp		6,627,028
	195,746		American International Group, Inc		6,291,277
	52,570		Aon plc		10,788,415
	41,705		Arthur J. Gallagher & Co		4,482,871
	14,162		Assurant, Inc		1,521,990
	440,148	*	Berkshire Hathaway, Inc (Class B)		86,172,176
	102,788		Chubb Ltd		13,078,745
	33,355		Cincinnati Financial Corp		2,599,355
	9,023		Everest Re Group Ltd		1,974,142
	21,471		Globe Life, Inc		1,709,092
	82,158		Hartford Financial Services Group, Inc		3,476,927
	40,805		Lincoln National Corp		1,520,802
	58,005		Loews Corp		2,111,962
	114,139		Marsh & McLennan Cos, Inc		13,308,607
	174,257		Metlife, Inc		6,595,628
	57,966		Principal Financial Group		2,459,497
	132,401		Progressive Corp		11,961,106
	89,040		Prudential Financial, Inc		5,642,465
	57,808		Travelers Cos, Inc		6,614,391
	44,795		Unum Group		771,818
	33,947		W.R. Berkley Corp		2,096,227
	28,933		Willis Towers Watson plc		6,076,219
			TOTAL INSURANCE		203,732,894
MATERIALS - 2.6%
	49,896		Air Products & Chemicals, Inc		14,301,690
	23,387		Albemarle Corp		1,928,492
	346,450		Amcor plc		3,568,435
	19,620		Avery Dennison Corp		2,223,731
	73,384		Ball Corp		5,403,264
	26,993		Celanese Corp (Series A)		2,623,720
	45,995		CF Industries Holdings, Inc		1,441,023
	167,631		Corteva, Inc		4,787,541

222

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	168,696		Dow, Inc	$	6,926,658
	168,766		DuPont de Nemours, Inc		9,025,606
	32,040		Eastman Chemical Co		2,391,145
	56,014		Ecolab, Inc		10,479,099
	29,484		FMC Corp		3,126,778
	333,255		Freeport-McMoRan, Inc (Class B)		4,305,655
	24,167		International Flavors & Fragrances, Inc		3,043,834
	86,480		International Paper Co		3,008,639
	118,780		Linde plc		29,114,166
	57,277		LyondellBasell Industries NV		3,580,958
	14,264		Martin Marietta Materials, Inc		2,955,215
	79,386		Mosaic Co		1,069,329
	181,760		Newmont Goldcorp Corp		12,577,792
	65,016		Nucor Corp		2,727,421
	20,944		Packaging Corp of America		2,013,137
	54,324		PPG Industries, Inc		5,847,979
	37,564		Sealed Air Corp		1,340,283
	18,280		Sherwin-Williams Co		11,843,978
	30,049		Vulcan Materials Co		3,528,354
	57,610		WestRock Co		1,547,405
			TOTAL MATERIALS		156,731,327
MEDIA & ENTERTAINMENT - 9.0%
	174,885		Activision Blizzard, Inc		14,450,747
	67,971	*	Alphabet, Inc (Class A)		101,137,449
	66,245	*	Alphabet, Inc (Class C)		98,238,685
	33,977	*	Charter Communications, Inc		19,706,660
	1,032,651		Comcast Corp (Class A)		44,197,463
	32,448	*,e	Discovery, Inc (Class A)		684,653
	75,310	*	Discovery, Inc (Class C)		1,427,124
	59,568	*	DISH Network Corp (Class A)		1,912,728
	64,514	*	Electronic Arts, Inc		9,136,473
	544,195	*	Facebook, Inc		138,045,946
	78,872		Fox Corp (Class A)		2,032,531
	34,115		Fox Corp (Class B)		879,144
	87,598		Interpublic Group of Cos, Inc		1,581,144
	31,439	*	Live Nation, Inc		1,471,660
	99,392	*	Netflix, Inc		48,590,761
	93,004		News Corp (Class A)		1,183,011
	25,832		News Corp (Class B)		329,616
	49,996		Omnicom Group, Inc		2,686,285
	26,134	*	Take-Two Interactive Software, Inc		4,286,499
	175,499	*	Twitter, Inc		6,388,164
	120,969		ViacomCBS, Inc (Class B)		3,153,662
	408,932		Walt Disney Co		47,820,508
			TOTAL MEDIA & ENTERTAINMENT		549,340,913
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.7%
	397,422		AbbVie, Inc		37,719,322
	69,689		Agilent Technologies, Inc		6,713,141
	49,553	*	Alexion Pharmaceuticals, Inc		5,078,687
	133,177		Amgen, Inc		32,584,417

223

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	36,861	*	Biogen, Inc	$	10,125,348
	4,916	*	Bio-Rad Laboratories, Inc (Class A)		2,580,359
	512,192		Bristol-Myers Squibb Co		30,045,183
	190,730		Eli Lilly & Co		28,664,812
	283,012		Gilead Sciences, Inc		19,677,824
	33,327	*	Illumina, Inc		12,736,246
	40,218	*	Incyte Corp		3,971,930
	40,214	*	IQVIA Holdings, Inc		6,369,495
	596,755		Johnson & Johnson		86,983,009
	570,019		Merck & Co, Inc		45,738,325
	5,470	*	Mettler-Toledo International, Inc		5,114,450
	115,473	*	Mylan NV		1,860,270
	25,015		PerkinElmer, Inc		2,974,534
	30,274		Perrigo Co plc		1,605,127
	1,254,776		Pfizer, Inc		48,283,780
	22,780	*	Regeneron Pharmaceuticals, Inc		14,398,555
	89,402		Thermo Fisher Scientific, Inc		37,007,958
	59,031	*	Vertex Pharmaceuticals, Inc		16,056,432
	13,815	*	Waters Corp		2,944,667
	107,122		Zoetis, Inc		16,248,265
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		475,482,136
REAL ESTATE - 2.8%
	28,191		Alexandria Real Estate Equities, Inc		5,005,312
	100,275		American Tower Corp		26,210,882
	35,891		Apartment Investment & Management Co		1,393,289
	32,368		AvalonBay Communities, Inc		4,956,188
	32,221		Boston Properties, Inc		2,870,569
	78,942	*	CBRE Group, Inc		3,458,449
	93,733		Crown Castle International Corp		15,625,291
	60,479		Digital Realty Trust, Inc		9,709,299
	82,410		Duke Realty Corp		3,312,058
	19,869		Equinix, Inc		15,606,702
	77,879		Equity Residential		4,176,651
	14,647		Essex Property Trust, Inc		3,233,179
	30,629		Extra Space Storage, Inc		3,165,201
	16,185		Federal Realty Investment Trust		1,234,915
	123,824		Healthpeak Properties Inc		3,379,157
	162,236		Host Hotels and Resorts, Inc		1,748,904
	61,374		Iron Mountain, Inc		1,730,133
	92,884		Kimco Realty Corp		1,035,657
	25,815		Mid-America Apartment Communities, Inc		3,076,890
	166,275		Prologis, Inc		17,528,710
	34,151		Public Storage, Inc		6,826,102
	77,062		Realty Income Corp		4,627,573
	42,578		Regency Centers Corp		1,746,975
	25,317		SBA Communications Corp		7,887,258
	69,850		Simon Property Group, Inc		4,355,148
	15,514		SL Green Realty Corp		721,401
	66,466		UDR, Inc		2,406,069
	85,518		Ventas, Inc		3,280,470

224

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	31,795		Vornado Realty Trust	$	1,097,563
	96,021		Welltower, Inc		5,142,885
	168,276		Weyerhaeuser Co		4,679,756
			TOTAL REAL ESTATE		171,228,636
RETAILING - 8.3%
	15,244		Advance Auto Parts, Inc		2,288,734
	94,747	*	Amazon.com, Inc		299,843,936
	5,266	*	AutoZone, Inc		6,358,274
	51,148		Best Buy Co, Inc		5,093,829
	9,305	*	Booking Holdings, Inc		15,466,120
	37,610	*	CarMax, Inc		3,647,042
	57,336		Dollar General Corp		10,916,774
	53,643	*	Dollar Tree, Inc		5,007,574
	148,843		eBay, Inc		8,228,041
	31,987		Expedia Group Inc		2,591,267
	45,479	e	Gap, Inc		608,054
	31,808		Genuine Parts Co		2,867,491
	243,682		Home Depot, Inc		64,695,134
	33,931		Kohl’s Corp		646,046
	52,682		L Brands, Inc		1,285,968
	66,353	*	LKQ Corp		1,870,491
	170,832		Lowe’s Companies, Inc		25,438,593
	16,946	*	O’Reilly Automotive, Inc		8,089,682
	81,048		Ross Stores, Inc		7,267,574
	112,442		Target Corp		14,154,199
	24,147		Tiffany & Co		3,027,068
	271,387		TJX Companies, Inc		14,109,410
	26,134		Tractor Supply Co		3,730,367
	12,644	*	Ulta Beauty, Inc		2,440,166
			TOTAL RETAILING		509,671,834
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.7%
	263,904	*	Advanced Micro Devices, Inc		20,434,087
	83,272		Analog Devices, Inc		9,563,789
	206,202		Applied Materials, Inc		13,264,974
	90,467		Broadcom, Inc		28,655,422
	956,968		Intel Corp		45,676,082
	34,784		KLA Corp		6,950,887
	32,855		Lam Research Corp		12,391,592
	60,866		Maxim Integrated Products, Inc		4,144,366
	55,024		Microchip Technology, Inc		5,597,591
	252,215	*	Micron Technology, Inc		12,624,622
	139,169		NVIDIA Corp		59,089,766
	25,312	*	Qorvo, Inc		3,243,733
	254,747		QUALCOMM, Inc		26,903,831
	38,073		Skyworks Solutions, Inc		5,542,667
	207,516		Texas Instruments, Inc		26,468,666
	55,925		Xilinx, Inc		6,003,549
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		286,555,624

225

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
SOFTWARE & SERVICES - 14.6%
	144,185		Accenture plc	$	32,409,904
	108,845	*	Adobe, Inc		48,362,011
	37,355	*	Akamai Technologies, Inc		4,200,196
	19,660	*	Ansys, Inc		6,106,396
	49,881	*	Autodesk, Inc		11,793,365
	97,296		Automatic Data Processing, Inc		12,931,611
	25,800		Broadridge Financial Solutions, Inc		3,465,972
	63,129	*	Cadence Design Systems, Inc		6,896,843
	25,737		Citrix Systems, Inc		3,674,214
	123,274		Cognizant Technology Solutions Corp (Class A)		8,422,080
	56,553		DXC Technology Co		1,012,864
	139,032		Fidelity National Information Services, Inc		20,341,772
	127,538	*	Fiserv, Inc		12,727,017
	18,818	*	FleetCor Technologies, Inc		4,865,770
	30,499	*	Fortinet, Inc		4,218,012
	20,022	*	Gartner, Inc		2,495,542
	67,088		Global Payments, Inc		11,943,006
	200,769		International Business Machines Corp		24,682,541
	58,810		Intuit, Inc		18,017,620
	17,021		Jack Henry & Associates, Inc		3,034,844
	30,088		Leidos Holdings, Inc		2,863,174
	200,118		Mastercard, Inc (Class A)		61,742,407
	1,714,677		Microsoft Corp		351,525,932
	119,737		NortonLifelock, Inc		2,568,359
	470,505		Oracle Corp		26,089,502
	73,358		Paychex, Inc		5,275,907
	11,002	*	Paycom Software, Inc		3,128,639
	265,361	*	PayPal Holdings, Inc		52,029,331
	203,215	*	salesforce.com, Inc		39,596,443
	43,000	*	ServiceNow, Inc		18,885,600
	33,683	*	Synopsys, Inc		6,710,327
	9,145	*	Tyler Technologies, Inc		3,267,051
	22,469	*	VeriSign, Inc		4,756,238
	381,903		Visa, Inc (Class A)		72,714,331
	91,845		Western Union Co		2,229,997
			TOTAL SOFTWARE & SERVICES		894,984,818
TECHNOLOGY HARDWARE & EQUIPMENT - 8.1%
	66,540		Amphenol Corp (Class A)		7,037,270
	921,279		Apple, Inc		391,580,426
	11,870	*	Arista Networks, Inc		3,083,470
	32,301		CDW Corp		3,754,991
	957,548		Cisco Systems, Inc		45,100,511
	174,152		Corning, Inc		5,398,712
	14,293	*	F5 Networks, Inc		1,942,419
	31,827		FLIR Systems, Inc		1,325,913
	287,040		Hewlett Packard Enterprise Co		2,833,085
	328,879		HP, Inc		5,781,693
	7,751	*	IPG Photonics Corp		1,387,507
	72,375		Juniper Networks, Inc		1,836,877

226

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES			COMPANY	VALUE
	42,995	*	Keysight Technologies, Inc	$	4,294,771
	38,193		Motorola Solutions, Inc		5,339,381
	53,302		NetApp, Inc		2,361,279
	53,598		Seagate Technology, Inc		2,423,702
	74,760		TE Connectivity Ltd		6,658,873
	67,031		Western Digital Corp		2,889,036
	32,313		Xerox Holdings Corp		538,011
	12,071	*	Zebra Technologies Corp (Class A)		3,388,933
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		498,956,860
TELECOMMUNICATION SERVICES - 1.9%
	1,611,372		AT&T, Inc		47,664,384
	217,555		CenturyLink, Inc		2,099,405
	132,208	*	T-Mobile US, Inc		14,196,495
	935,754		Verizon Communications, Inc		53,787,140
			TOTAL TELECOMMUNICATION SERVICES		117,747,424
TRANSPORTATION - 1.8%
	28,329		Alaska Air Group, Inc		975,651
	100,895	e	American Airlines Group, Inc		1,121,952
	31,037		CH Robinson Worldwide, Inc		2,908,788
	173,462		CSX Corp		12,374,779
	128,418		Delta Air Lines, Inc		3,206,597
	36,577		Expeditors International of Washington, Inc		3,091,122
	55,195		FedEx Corp		9,294,838
	18,087		JB Hunt Transport Services, Inc		2,340,458
	22,456		Kansas City Southern		3,859,064
	57,950		Norfolk Southern Corp		11,138,570
	21,039		Old Dominion Freight Line		3,846,350
	121,509		Southwest Airlines Co		3,753,413
	153,360		Union Pacific Corp		26,584,956
	56,442	*	United Airlines Holdings Inc		1,771,150
	158,779		United Parcel Service, Inc (Class B)		22,667,290
			TOTAL TRANSPORTATION		108,934,978
UTILITIES - 3.1%
	145,177		AES Corp		2,211,046
	53,637		Alliant Energy Corp		2,888,352
	57,725		Ameren Corp		4,631,854
	112,580		American Electric Power Co, Inc		9,780,950
	41,836		American Water Works Co, Inc		6,161,188
	26,311		Atmos Energy Corp		2,788,703
	125,277		Centerpoint Energy, Inc		2,381,516
	64,194		CMS Energy Corp		4,119,971
	76,408		Consolidated Edison, Inc		5,870,427
	188,586		Dominion Energy, Inc		15,281,124
	42,859		DTE Energy Co		4,955,786
	165,407		Duke Energy Corp		14,016,589
	86,926		Edison International		4,839,170
	45,393		Entergy Corp		4,772,166
	53,359		Evergy, Inc		3,459,264

227

TIAA-CREF FUNDS - S&P 500 Index Fund

SHARES		COMPANY	VALUE
	77,347	Eversource Energy	$	6,966,644
	219,315	Exelon Corp		8,467,752
	121,405	FirstEnergy Corp		3,520,745
	110,655	NextEra Energy, Inc		31,060,858
	85,911	NiSource, Inc		2,100,524
	52,892	NRG Energy, Inc		1,788,279
	24,077	Pinnacle West Capital Corp		2,000,317
	173,852	PPL Corp		4,627,940
	113,952	Public Service Enterprise Group, Inc		6,374,475
	65,773	Sempra Energy		8,186,108
	241,623	Southern Co		13,195,032
	72,569	WEC Energy Group, Inc		6,912,923
	117,746	Xcel Energy, Inc		8,129,184
		TOTAL UTILITIES		191,488,887
		TOTAL COMMON STOCKS		6,117,658,372
		(Cost $3,243,489,673)
RIGHTS / WARRANTS - 0.0%
ENERGY - 0.0%
	25,489	Occidental Petroleum Corp		142,738
		TOTAL ENERGY		142,738
		TOTAL RIGHTS / WARRANTS		142,738
		(Cost $0)

PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.3%
TREASURY DEBT - 0.2%
$	8,761,000		United States Treasury Bill		0.120	%	08/20/20		8,760,638
	4,080,000		United States Treasury Bill		0.093		09/03/20		4,079,675
			TOTAL TREASURY DEBT						12,840,313
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.1%
	3,528,405	c	State Street Navigator Securities Lending Government Money Market Portfolio						3,528,405
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						3,528,405
			TOTAL SHORT-TERM INVESTMENTS						16,368,718
			(Cost $16,368,506)
			TOTAL INVESTMENTS - 100.0%						6,134,169,828
			(Cost $3,259,858,179)
			OTHER ASSETS & LIABILITIES, NET - 0.0%						2,558,547
			NET ASSETS - 100.0%					$	6,136,728,375

228

TIAA-CREF FUNDS - S&P 500 Index Fund

*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
d	All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $4,090,846.

Futures contracts outstanding as of July 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		84	09/18/20	$	13,338,245	$	13,706,700	$	368,455

229

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

TIAA-CREF FUNDS

SMALL-CAP BLEND INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 1.4%
	141,755	*	Adient plc	$	2,358,803
	178,739	*	American Axle & Manufacturing Holdings, Inc		1,261,897
	80,314		Cooper Tire & Rubber Co		2,494,553
	33,267	*	Cooper-Standard Holding, Inc		356,290
	229,544		Dana Inc		2,623,688
	42,640	*	Dorman Products, Inc		3,485,820
	62,259	*	Fox Factory Holding Corp		5,541,051
	51,983	*	Gentherm, Inc		2,015,381
	369,883		Goodyear Tire & Rubber Co		3,332,646
	39,753		LCI Industries, Inc		5,000,927
	78,672	*	Modine Manufacturing Co		427,976
	29,659	*	Motorcar Parts of America, Inc		493,674
	34,997		Standard Motor Products, Inc		1,591,663
	41,770	*	Stoneridge, Inc		865,474
	81,510	*,e	Tenneco, Inc		603,989
	44,357	*	Visteon Corp		3,220,762
	50,571		Winnebago Industries, Inc		3,054,994
	105,128	*,e	Workhorse Group, Inc		1,631,587
	26,622	*	XPEL, Inc		448,048
			TOTAL AUTOMOBILES & COMPONENTS		40,809,223
BANKS - 9.4%
	13,720		1st Constitution Bancorp		169,579
	26,434		1st Source Corp		875,494
	14,059		ACNB Corp		289,615
	30,330		Allegiance Bancshares, Inc		739,749
	26,559		Altabancorp		497,981
	20,399		Amalgamated Bank		235,608
	36,185	*	Amerant Bancorp Inc		483,070
	16,123		American National Bankshares, Inc		354,061
	105,485		Ameris Bancorp		2,434,066
	13,346		Ames National Corp		246,901
	21,621		Arrow Financial Corp		590,253
	34,764	*	Atlantic Capital Bancshares, Inc		347,640
	125,890		Atlantic Union Bankshares Corp		2,841,337
	3,751		Auburn National Bancorporation, Inc		170,670
	92,100	*	Axos Financial, Inc		2,063,961
	69,664		Banc of California, Inc		746,798
	29,877		Bancfirst Corp		1,301,442
	160,353		BancorpSouth Bank		3,356,188
	9,995	e	Bank First Corp		621,789
	24,830		Bank of Commerce Holdings		187,466
	21,324		Bank of Marin Bancorp		669,787
	85,179		Bank of NT Butterfield & Son Ltd		2,217,209
	6,887		Bank of Princeton		123,897
	4,543		Bank7 Corp		45,021

230

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	21,737		BankFinancial Corp	$	158,463
	146,290		BankUnited		2,946,281
	14,894		Bankwell Financial Group, Inc		221,921
	55,745		Banner Corp		1,975,045
	27,319		Bar Harbor Bankshares		543,102
	15,527	*	Baycom Corp		159,618
	20,148	*	BBX Capital Corp		280,460
	22,156		BCB Bancorp, Inc		178,356
	77,453		Berkshire Hills Bancorp, Inc		771,432
	9,368	*	Bogota Financial Corp		73,914
	131,755		Boston Private Financial Holdings, Inc		775,378
	26,586		Bridge Bancorp, Inc		480,941
	36,837	*	Bridgewater Bancshares, Inc		342,216
	120,453		Brookline Bancorp, Inc		1,155,747
	31,617		Bryn Mawr Bank Corp		823,307
	22,586		Business First Bancshares, Inc		308,073
	37,456		Byline Bancorp, Inc		485,430
	5,305		C&F Financial Corp		155,702
	203,633		Cadence BanCorp		1,590,374
	12,117	*,e	California Bancorp, Inc		158,854
	10,173		Cambridge Bancorp		551,275
	24,053		Camden National Corp		762,240
	8,393	*	Capital Bancorp, Inc		89,134
	22,845		Capital City Bank Group, Inc		430,171
	216,395		Capitol Federal Financial		2,088,212
	21,162		Capstar Financial Holdings, Inc		214,794
	37,237		Carter Bank & Trust		262,521
	123,309		Cathay General Bancorp		2,981,612
	7,897	e	CB Financial Services, Inc		136,618
	30,502		CBTX, Inc		481,627
	42,525		Central Pacific Financial Corp		661,689
	17,438		Central Valley Community Bancorp		229,135
	4,239		Century Bancorp, Inc		295,204
	8,038		Chemung Financial Corp		217,106
	10,981	e	ChoiceOne Financial Services, Inc		312,958
	157,675		CIT Group, Inc		2,991,095
	20,904		Citizens & Northern Corp		370,001
	7,476		Citizens Holding Co		161,183
	25,387		City Holding Co		1,585,672
	22,109		Civista Bancshares, Inc		290,291
	23,864		CNB Financial Corp		389,699
	13,535	*	Coastal Financial Corp		180,963
	15,088		Codorus Valley Bancorp, Inc		177,284
	10,806		Colony Bankcorp Inc		115,300
	116,947		Columbia Banking System, Inc		3,383,277
	83,312	*	Columbia Financial, Inc		1,002,243
	83,223		Community Bank System, Inc		4,679,629
	24,694		Community Bankers Trust Corp		127,421
	7,045		Community Financial Corp		158,653
	24,404		Community Trust Bancorp, Inc		747,006
	59,068		ConnectOne Bancorp, Inc		814,548
	8,071	e	County Bancorp, Inc		149,798
	81,861	*,e	CrossFirst Bankshares, Inc		750,665
	51,373	*	Customers Bancorp, Inc		608,770
	208,970		CVB Financial Corp		3,776,088
	15,783		Delmar Bancorp		91,857

231

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	49,345		Dime Community Bancshares	$	579,557
	10,059		Eagle Bancorp Montana, Inc		155,412
	50,756		Eagle Bancorp, Inc		1,526,740
	13,817		Enterprise Bancorp, Inc		297,065
	37,516		Enterprise Financial Services Corp		1,090,215
	22,988	*	Equity Bancshares, Inc		325,050
	10,733	*	Esquire Financial Holdings, Inc		166,898
	11,255		ESSA Bancorp, Inc		141,813
	175,359		Essent Group Ltd		6,283,113
	10,606		Evans Bancorp, Inc		233,862
	17,693	e	Farmers & Merchants Bancorp, Inc		380,223
	42,907		Farmers National Banc Corp		463,825
	27,397	e	FB Financial Corp		696,158
	14,973		Federal Agricultural Mortgage Corp (FAMC)		891,043
	6,246	e	Fidelity D&D Bancorp, Inc		285,192
	27,279		Financial Institutions, Inc		402,911
	47,184		First Bancorp (NC)		974,821
	345,894		First Bancorp (Puerto Rico)		1,881,663
	15,618		First Bancorp, Inc		314,547
	34,281		First Bancshares, Inc		682,535
	25,831		First Bank		168,676
	81,042		First Busey Corp		1,385,818
	12,667		First Business Financial Services, Inc		188,358
	4,693	e	First Capital Inc		251,122
	20,180		First Choice Bancorp		305,323
	156,728		First Commonwealth Financial Corp		1,233,449
	27,679		First Community Bancshares, Inc		541,401
	11,344	e	First Community Corp		152,010
	157,204		First Financial Bancorp		2,187,494
	209,027		First Financial Bankshares, Inc		6,254,088
	21,085		First Financial Corp		704,872
	65,288		First Foundation, Inc		1,003,477
	6,249		First Guaranty Bancshares, Inc		73,676
	16,691		First Internet Bancorp		244,523
	69,770		First Interstate Bancsystem, Inc		2,031,005
	85,912		First Merchants Corp		2,098,830
	24,155		First Mid-Illinois Bancshares, Inc		589,624
	186,390		First Midwest Bancorp, Inc		2,261,843
	11,269		First Northwest Bancorp		115,507
	38,524		First of Long Island Corp		574,393
	3,021		First Savings Financial Group, Inc		128,392
	10,786		First United Corp		116,597
	10,003	*,e	First Western Financial, Inc		141,142
	56,906		Flagstar Bancorp, Inc		1,785,710
	43,486		Flushing Financial Corp		481,825
	24,717		FNCB Bancorp Inc		138,168
	21,651		Franklin Financial Network, Inc		571,586
	6,082		Franklin Financial Services Corp		146,698
	5,775		FS Bancorp, Inc		219,450
	261,210		Fulton Financial Corp		2,533,737
	17,587	*	FVCBankcorp, Inc		173,408
	40,337		German American Bancorp, Inc		1,147,184
	155,147		Glacier Bancorp, Inc		5,478,241
	17,406		Great Southern Bancorp, Inc		627,834
	86,518		Great Western Bancorp, Inc		1,124,734
	3,120		Greene County Bancorp, Inc		67,174

232

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	11,895		Guaranty Bancshares, Inc	$	322,354
	138,042		Hancock Whitney Corp		2,631,081
	49,469		Hanmi Financial Corp		456,599
	84,726		HarborOne Northeast Bancorp, Inc		733,727
	8,548		Hawthorn Bancshares Inc		141,213
	14,205		HBT Financial, Inc		170,744
	57,219		Heartland Financial USA, Inc		1,787,522
	94,778		Heritage Commerce Corp		642,595
	56,387		Heritage Financial Corp		1,066,560
	116,136		Hilltop Holdings, Inc		2,261,168
	2,004		Hingham Institution for Savings		352,704
	11,365		Home Bancorp, Inc		265,714
	247,800		Home Bancshares, Inc		4,046,574
	36,828		HomeStreet, Inc		973,732
	25,940		HomeTrust Bancshares, Inc		374,055
	184,621		Hope Bancorp, Inc		1,556,355
	68,500		Horizon Bancorp		692,535
	20,861	*	Howard Bancorp, Inc		198,388
	52,538		Independent Bank Corp (MA)		3,389,752
	36,159		Independent Bank Corp (MI)		504,960
	59,095		Independent Bank Group, Inc		2,596,043
	86,356		International Bancshares Corp		2,626,950
	19,025		Investar Holding Corp		253,603
	376,632		Investors Bancorp, Inc		3,058,252
	121,762		Kearny Financial Corp		978,966
	75,047		Lakeland Bancorp, Inc		763,978
	39,504		Lakeland Financial Corp		1,748,447
	5,968	e	Landmark Bancorp, Inc		122,941
	18,657		LCNB Corp		233,586
	6,781		Level One Bancorp, Inc		109,649
	8,088	*	Limestone Bancorp, Inc		85,571
	45,386		Live Oak Bancshares, Inc		772,016
	27,683		Luther Burbank Corp		264,926
	37,290		Macatawa Bank Corp		268,488
	20,820		Mackinac Financial Corp		189,462
	16,031	*	MainStreet Bancshares Inc		207,281
	26,472		Mercantile Bank Corp		563,589
	12,448		Merchants Bancorp		229,417
	73,331		Meridian Bancorp, Inc		836,340
	8,582	*,e	Meridian Corp		128,902
	52,232		Meta Financial Group, Inc		974,649
	29,837	e	Metrocity Bankshares, Inc		402,203
	11,009	*	Metropolitan Bank Holding Corp		325,646
	14,066		Mid Penn Bancorp, Inc		270,349
	9,497		Middlefield Banc Corp		167,527
	34,537		Midland States Bancorp, Inc		486,626
	20,052		MidWestOne Financial Group, Inc		362,540
	7,084	*	MMA Capital Holdings Inc		175,542
	124,046	*	Mr Cooper Group, Inc		2,025,671
	14,402		MVB Financial Corp		190,394
	48,249		National Bank Holdings Corp		1,340,357
	9,960		National Bankshares, Inc		249,797
	70,010		NBT Bancorp, Inc		2,085,598
	14,514	*	Nicolet Bankshares, Inc		813,074
	108,384	*	NMI Holdings, Inc		1,682,120
	12,065		Northeast Bank		229,718

233

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	69,441		Northfield Bancorp, Inc	$	667,328
	10,007		Northrim BanCorp, Inc		230,361
	193,116		Northwest Bancshares, Inc		1,902,193
	8,879		Norwood Financial Corp		215,049
	8,267	e	Oak Valley Bancorp		105,818
	92,523		OceanFirst Financial Corp		1,417,452
	81,671		OFG Bancorp		1,068,257
	4,666		Ohio Valley Banc Corp		91,920
	266,287		Old National Bancorp		3,725,355
	49,526		Old Second Bancorp, Inc		412,056
	22,204		OP Bancorp		138,109
	35,056		Origin Bancorp, Inc		832,229
	20,109		Orrstown Financial Services, Inc		273,482
	134,402		Pacific Premier Bancorp, Inc		2,823,786
	22,792		Park National Corp		1,954,642
	19,873		Parke Bancorp, Inc		232,315
	27,378		PCB Bancorp		251,878
	24,441		PCSB Financial Corp		271,784
	15,712	*	PDL Community Bancorp		142,979
	29,620		Peapack Gladstone Financial Corp		482,214
	10,726		Penns Woods Bancorp, Inc		216,665
	75,708		PennyMac Financial Services, Inc		3,653,668
	5,310		Peoples Bancorp of North Carolina, Inc		87,881
	28,674		Peoples Bancorp, Inc		575,487
	11,777		Peoples Financial Services Corp		422,912
	16,955	*	Pioneer Bancorp, Inc		147,509
	7,352	e	Plumas Bancorp		153,436
	22,385		Preferred Bank		833,841
	20,251		Premier Financial Bancorp, Inc		214,661
	60,499		Premier Financial Corp		1,069,622
	5,488	*	Professional Holding Corp		62,069
	10,146		Provident Bancorp Inc		79,646
	8,540		Provident Financial Holdings, Inc		104,188
	97,974		Provident Financial Services, Inc		1,337,345
	15,523		Prudential Bancorp, Inc		173,858
	23,572		QCR Holdings, Inc		704,331
	309,593		Radian Group, Inc		4,619,128
	29,848		RBB Bancorp		382,054
	7,570		Red River Bancshares Inc		303,103
	24,520		Reliant Bancorp Inc		361,670
	88,556		Renasant Corp		2,057,156
	16,512		Republic Bancorp, Inc (Class A)		498,993
	71,588	*	Republic First Bancorp, Inc		166,800
	20,153		Richmond Mutual Bancorporation, Inc		232,364
	31,200		Riverview Bancorp, Inc		152,256
	61,604		S&T Bancorp, Inc		1,324,486
	4,045		Salisbury Bancorp, Inc		147,278
	73,361		Sandy Spring Bancorp, Inc		1,696,106
	11,319		SB Financial Group, Inc		140,582
	11,812		SB One Bancorp		218,640
	83,104	*	Seacoast Banking Corp of Florida		1,569,004
	15,696	*,e	Security National Financial Corp		96,530
	20,322	*	Select Bancorp, Inc		158,715
	78,144		ServisFirst Bancshares, Inc		2,859,289
	20,120		Shore Bancshares, Inc		186,512
	24,765		Sierra Bancorp		435,369

234

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	24,665	*	Silvergate Capital Corp	$	337,171
	176,514		Simmons First National Corp (Class A)		2,928,367
	18,371		SmartFinancial, Inc		261,970
	15,593		South Plains Financial Inc		208,322
	113,255		South State Corp		5,397,733
	10,088	*	Southern First Bancshares, Inc		246,147
	11,360		Southern Missouri Bancorp, Inc		247,762
	37,952		Southern National Bancorp of Virginia, Inc		319,556
	51,865		Southside Bancshares, Inc		1,436,661
	20,998	*	Spirit of Texas Bancshares, Inc		244,627
	6,207		Standard AVB Financial Corp		124,512
	27,227		Sterling Bancorp, Inc		83,042
	33,476		Stock Yards Bancorp, Inc		1,308,577
	20,802		Summit Financial Group, Inc		312,862
	14,282		Territorial Bancorp, Inc		313,776
	80,665	*	Texas Capital Bancshares, Inc		2,679,691
	86,990	*	The Bancorp, Inc		820,316
	14,958		Timberland Bancorp, Inc		249,200
	23,206		Tompkins Financial Corp		1,497,483
	109,502		Towne Bank		1,931,615
	41,971		Trico Bancshares		1,175,188
	44,553	*	Tristate Capital Holdings, Inc		590,327
	34,976	*	Triumph Bancorp, Inc		916,371
	151,845		Trustco Bank Corp NY		879,183
	100,975		Trustmark Corp		2,273,957
	70,851		UMB Financial Corp		3,528,380
	197,954		United Bankshares, Inc		5,210,149
	126,347		United Community Banks, Inc		2,265,402
	14,975		United Security Bancshares		93,744
	14,239		Unity Bancorp, Inc		178,130
	44,403		Univest Financial Corp		678,922
	646,029		Valley National Bancorp		4,825,837
	77,462		Veritex Holdings, Inc		1,295,165
	45,214		Walker & Dunlop, Inc		2,279,238
	121,943		Washington Federal, Inc		2,846,150
	27,097		Washington Trust Bancorp, Inc		903,414
	37,789		Waterstone Financial, Inc		577,416
	105,888		WesBanco, Inc		2,099,759
	27,159		West Bancorporation, Inc		445,679
	42,671		Westamerica Bancorporation		2,575,622
	40,029		Western New England Bancorp, Inc		201,746
	81,280		WSFS Financial Corp		2,318,918
			TOTAL BANKS		276,658,945
CAPITAL GOODS - 9.6%
	65,714		Aaon, Inc		3,893,555
	54,385		AAR Corp		936,510
	79,786		Advanced Drainage Systems, Inc		3,909,514
	45,730	*	Aegion Corp		705,157
	118,394	*	Aerojet Rocketdyne Holdings, Inc		4,883,753
	34,745	*	Aerovironment, Inc		2,659,730
	15,739		Alamo Group, Inc		1,622,848
	49,029		Albany International Corp (Class A)		2,357,314
	10,908		Allied Motion Technologies, Inc		411,232
	19,578	*,e	Alpha Pro Tech Ltd		426,213
	27,509	*,e	Alta Equipment Group, Inc		209,068

235

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	103,864		Altra Industrial Motion Corp	$	3,555,265
	38,902	*	Ameresco, Inc		1,076,807
	38,968	*,e	American Superconductor Corp		362,402
	27,282	*	American Woodmark Corp		2,199,475
	40,483		Apogee Enterprises, Inc		874,028
	61,709		Applied Industrial Technologies, Inc		3,895,072
	79,144		Arcosa, Inc		3,341,460
	23,939		Argan, Inc		1,026,983
	35,493		Astec Industries, Inc		1,579,084
	37,899	*	Astronics Corp		329,721
	75,248	*	Atkore International Group, Inc		2,006,864
	41,466		AZZ, Inc		1,309,496
	75,990		Barnes Group, Inc		2,801,751
	86,701	*	Beacon Roofing Supply, Inc		2,701,603
	142,147	*	Bloom Energy Corp		1,728,508
	25,035	*	Blue Bird Corp		313,689
	108,352	*	BMC Stock Holdings, Inc		2,773,811
	183,730	*	Builders FirstSource, Inc		4,352,564
	35,727		Caesarstone Sdot-Yam Ltd		409,789
	25,106	*	CAI International, Inc		432,074
	58,112	*	Chart Industries, Inc		3,982,415
	33,279	*	CIRCOR International, Inc		872,575
	35,877		Columbus McKinnon Corp		1,188,605
	57,678		Comfort Systems USA, Inc		2,867,173
	58,215	*,e	Concrete Pumping Holdings Inc		217,724
	32,002	*	Construction Partners Inc		529,633
	79,784	*	Cornerstone Building Brands, Inc		452,375
	23,158		CSW Industrials, Inc		1,546,723
	50,171	e	Cubic Corp		2,107,182
	35,198		Douglas Dynamics, Inc		1,244,249
	16,798	*	Ducommun, Inc		603,888
	26,361	*	DXP Enterprises, Inc		444,974
	49,300	*	Dycom Industries, Inc		2,111,519
	10,762		Eastern Co		175,528
	87,646		EMCOR Group, Inc		6,003,751
	31,758		Encore Wire Corp		1,593,934
	58,586	*	Energy Recovery, Inc		444,668
	87,466		Enerpac Tool Group Corp		1,653,107
	68,828		EnerSys		4,629,371
	32,954		EnPro Industries, Inc		1,572,894
	40,903		ESCO Technologies, Inc		3,515,204
	9,791	*,e	EVI Industries, Inc		247,516
	139,978	*	Evoqua Water Technologies Corp		2,691,777
	97,071		Federal Signal Corp		3,000,465
	224,625		Fluor Corp		2,288,929
	31,656	*	Foundation Building Materials, Inc		434,637
	74,183		Franklin Electric Co, Inc		4,009,591
	339,865	*,e	FuelCell Energy, Inc		757,899
	56,284		GATX Corp		3,432,761
	15,863	*	Gencor Industries, Inc		189,880
	16,584	*	General Finance Corp		97,514
	52,349	*	Gibraltar Industries, Inc		2,707,490
	65,772	*	GMS, Inc		1,541,038
	29,918		Gorman-Rupp Co		905,319
	15,099		Graham Corp		198,703
	75,548	e	Granite Construction, Inc		1,281,294

236

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	103,824	*	Great Lakes Dredge & Dock Corp	$	867,969
	51,544	e	Greenbrier Cos, Inc		1,326,227
	60,624		Griffon Corp		1,386,471
	48,952		H&E Equipment Services, Inc		861,066
	126,410	*	Harsco Corp		2,017,504
	69,484	*	HC2 Holdings, Inc		188,302
	48,169		Helios Technologies, Inc		1,822,233
	39,551	*	Herc Holdings, Inc		1,326,541
	118,108		Hillenbrand, Inc		3,452,297
	12,094		Hurco Cos, Inc		335,488
	15,418		Hyster-Yale Materials Handling, Inc		575,246
	14,821	*	IES Holdings, Inc		353,184
	29,088		Insteel Industries, Inc		542,200
	110,425	*	JELD-WEN Holding, Inc		2,164,330
	50,494		John Bean Technologies Corp		4,734,317
	18,250		Kadant, Inc		1,980,308
	44,292		Kaman Corp		1,749,091
	132,406		Kennametal, Inc		3,569,666
	173,167	*	Kratos Defense & Security Solutions, Inc		3,118,738
	7,476	*	Lawson Products, Inc		223,383
	20,622	*	LB Foster Co (Class A)		289,945
	17,357		Lindsay Corp		1,683,108
	41,122		LSI Industries, Inc		240,975
	47,504		Luxfer Holdings plc		603,301
	29,014	*	Lydall, Inc		470,027
	54,380	*	Manitowoc Co, Inc		579,691
	38,833	*	Masonite International Corp		3,275,564
	91,858	*,e	Mastec, Inc		3,654,111
	100,265	e	Maxar Technologies, Inc		1,783,714
	109,418	*	Meritor, Inc		2,489,260
	19,721		Miller Industries, Inc		559,090
	47,764		Moog, Inc (Class A)		2,565,882
	73	*	Morgan Group Holding Co		902
	118,841	*	MRC Global, Inc		707,104
	89,271		Mueller Industries, Inc		2,496,017
	250,267		Mueller Water Products, Inc (Class A)		2,532,702
	24,913	*	MYR Group, Inc		913,560
	8,342		National Presto Industries, Inc		712,323
	79,951	*	Navistar International Corp		2,560,831
	20,889	*,e	Nesco Holdings, Inc		70,187
	67,463		NN, Inc		354,855
	13,763	*	Northwest Pipe Co		342,011
	172,013	*	NOW, Inc		1,355,462
	17,713	*	NV5 Global Inc		1,005,036
	5,153		Omega Flex, Inc		627,378
	42,017	*	Orion Energy Systems, Inc		166,387
	28,716		Park Aerospace Corp		309,558
	35,804	*	Parsons Corp		1,247,053
	36,395		Patrick Industries, Inc		2,327,460
	94,791	*	PGT, Inc		1,618,082
	525,406	*,e	Plug Power, Inc		4,050,880
	15,137		Powell Industries, Inc		401,887
	5,078		Preformed Line Products Co		250,142
	76,501		Primoris Services Corp		1,226,311
	43,164	*	Proto Labs, Inc		5,184,860
	55,323		Quanex Building Products Corp		777,288

237

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	56,020		Raven Industries, Inc	$	1,210,592
	39,781	*	RBC Bearings, Inc		4,869,990
	203,531	*	Resideo Technologies, Inc		2,702,892
	54,876		REV Group, Inc		356,694
	172,057		Rexnord Corp		4,984,491
	41,943		Rush Enterprises, Inc (Class A)		1,995,648
	8,216		Rush Enterprises, Inc (Class B)		326,997
	54,115		Shyft Group, Inc		1,021,691
	70,372		Simpson Manufacturing Co, Inc		6,795,120
	67,503	*	SiteOne Landscape Supply, Inc		8,642,409
	68,855	*	SPX Corp		2,891,910
	68,940	*	SPX FLOW, Inc		2,763,115
	18,895		Standex International Corp		1,011,827
	41,451	*	Sterling Construction Co, Inc		426,945
	188,426	*	Sunrun, Inc		6,913,350
	19,352		Systemax, Inc		433,678
	29,552		Tennant Co		1,968,754
	107,384		Terex Corp		2,024,188
	89,836	*	Textainer Group Holdings Ltd		758,216
	17,538	*,e	The ExOne Company		153,633
	49,731	*	Thermon Group Holdings		673,855
	30,380	*	Titan Machinery, Inc		330,079
	48,447	*	TPI Composites, Inc		1,239,274
	9,875	*	Transcat Inc		275,513
	69,774	*	Trimas Corp		1,632,712
	83,146		Triton International Ltd		2,616,605
	87,155		Triumph Group, Inc		590,911
	67,522	*	Tutor Perini Corp		794,734
	14,536	*	Ultralife Corp		103,206
	17,748	*	Vectrus, Inc		780,735
	21,329	*	Veritiv Corp		326,547
	28,738	*	Vicor Corp		2,341,285
	81,044	*	Vivint Solar, Inc		1,648,435
	87,851		Wabash National Corp		1,000,623
	44,519		Watts Water Technologies, Inc (Class A)		3,734,699
	204,596	*	Welbilt, Inc		1,243,944
	79,274	*	WESCO International, Inc		3,081,380
	5,306	*	Willis Lease Finance Corp		103,467
	256,290	*	WillScot Mobile Mini Holdings Corp		3,859,727
			TOTAL CAPITAL GOODS		281,285,021
COMMERCIAL & PROFESSIONAL SERVICES - 3.6%
	107,216		ABM Industries, Inc		3,849,054
	81,399	*	Acacia Research (Acacia Technologies)		322,340
	155,880		ACCO Brands Corp		1,016,338
	119,985	*	Advanced Disposal Services, Inc		3,618,748
	14,374	*	Akerna Corp		93,862
	229,043	*,g	API Group Corp		3,190,569
	82,222	*	ASGN Inc		5,628,918
	11,399		Barrett Business Services, Inc		600,499
	14,461		BG Staffing, Inc		131,306
	78,606		Brady Corp (Class A)		3,613,518
	51,614	*	BrightView Holdings, Inc		625,562
	80,473	e	Brink’s Co		3,568,978
	74,883	*	Casella Waste Systems, Inc (Class A)		4,149,267
	18,427	*,e	Casper Sleep, Inc		170,081

238

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	81,569	*	CBIZ, Inc	$	1,972,338
	56,141	*	Ceco Environmental Corp		376,145
	29,259	*	Cimpress plc		2,925,900
	1,670		Compx International, Inc		23,096
	191,884		Covanta Holding Corp		1,888,139
	12,905		CRA International, Inc		539,042
	67,769		Deluxe Corp		1,913,119
	40,105		Emerald Holding, Inc		109,086
	40,625		Ennis, Inc		702,812
	82,142		Exponent, Inc		6,904,856
	16,665	*	Forrester Research, Inc		585,108
	20,028	*	Franklin Covey Co		362,306
	19,950	*	GP Strategies Corp		148,228
	120,714		Healthcare Services Group		3,161,500
	31,901		Heidrick & Struggles International, Inc		645,357
	22,945	*	Heritage-Crystal Clean, Inc		319,624
	93,956		Herman Miller, Inc		2,201,389
	68,369		HNI Corp		2,030,559
	36,791	*	Huron Consulting Group, Inc		1,755,666
	29,204		ICF International, Inc		1,974,482
	58,682		Insperity, Inc		3,923,479
	87,218		Interface, Inc		696,000
	206,006		KAR Auction Services, Inc		3,116,871
	53,724		Kelly Services, Inc (Class A)		795,652
	31,049		Kforce, Inc		895,453
	60,047		Kimball International, Inc (Class B)		656,914
	75,048		Knoll, Inc		878,812
	87,987		Korn/Ferry International		2,472,435
	6,144	*	Mastech Holdings, Inc		132,096
	47,479		Matthews International Corp (Class A)		1,025,546
	39,570		McGrath RentCorp		2,295,851
	29,943	*	Mistras Group, Inc		105,699
	9,268		NL Industries, Inc		33,921
	286,955		Pitney Bowes, Inc		958,430
	119,974	*,e	Precigen, Inc		505,091
	53,179		Quad Graphics, Inc		165,387
	10,400	*,e	Red Violet, Inc		159,224
	46,629		Resources Connection, Inc		526,908
	36,466	*	SP Plus Corp		579,445
	137,445		Steelcase, Inc (Class A)		1,474,785
	60,016	*	Team, Inc		237,063
	87,074		Tetra Tech, Inc		7,719,110
	66,744	*	TriNet Group, Inc		4,405,104
	58,793	*	TrueBlue, Inc		907,176
	24,374		Unifirst Corp		4,545,264
	49,577		US Ecology, Inc		1,719,330
	34,410		Viad Corp		497,569
	115,148	*	Vivint Smart Home, Inc		1,767,522
	17,002		VSE Corp		478,266
	15,280	*	Willdan Group, Inc		376,805
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		105,169,000
CONSUMER DURABLES & APPAREL - 3.9%
	55,282		Acushnet Holdings Corp		2,103,480
	45,708	*	Beazer Homes USA, Inc		511,473
	151,329		Callaway Golf Co		2,882,817

239

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	13,900	*	Cavco Industries, Inc	$	2,784,587
	46,194	*	Century Communities, Inc		1,645,430
	38,925		Clarus Corp		466,322
	108,220	*	CROCS, Inc		3,889,427
	45,143	*	Deckers Outdoor Corp		9,446,173
	17,839		Escalade, Inc		273,829
	36,403		Ethan Allen Interiors, Inc		431,012
	74,678	*,e	Fossil Group, Inc		247,184
	52,692	*	Genasys, Inc		221,306
	70,162	*	G-III Apparel Group Ltd		693,902
	208,231	*,e	GoPro, Inc		1,101,542
	43,420	*	Green Brick Partners, Inc		599,196
	10,453		Hamilton Beach Brands Holding Co		158,886
	40,849	*	Helen of Troy Ltd		7,689,824
	19,246		Hooker Furniture Corp		411,864
	36,829	*	Installed Building Products, Inc		2,913,542
	44,577	*,e	iRobot Corp		3,240,302
	8,698		Johnson Outdoors, Inc		761,597
	142,771		KB Home		4,802,816
	82,093	e	Kontoor Brands, Inc		1,572,902
	12,276	*	Lakeland Industries, Inc		290,450
	71,391		La-Z-Boy, Inc		2,031,788
	13,139	*	Legacy Housing Corp		180,530
	36,264	*	LGI Homes, Inc		4,138,085
	20,138		Lifetime Brands, Inc		141,973
	14,512	*,e	Lovesac Co		461,191
	43,868	*	M/I Homes, Inc		1,826,225
	32,787	*	Malibu Boats, Inc		1,927,220
	13,803		Marine Products Corp		177,092
	29,573	*	MasterCraft Boat Holdings, Inc		612,161
	82,498		MDC Holdings, Inc		3,698,385
	60,004	*	Meritage Homes Corp		5,951,197
	22,718		Movado Group, Inc		219,002
	7,049		Nacco Industries, Inc (Class A)		153,950
	47,332	*	Nautilus, Inc		493,673
	25,592		Oxford Industries, Inc		1,098,920
	22,652	*	Purple Innovation, Inc		552,029
	11,234		Rocky Brands, Inc		255,574
	87,035	*	Skyline Champion Corp		2,456,998
	88,510	*	Smith & Wesson Brands, Inc		2,114,504
	128,868	*	Sonos, Inc		2,061,888
	130,597		Steven Madden Ltd		2,766,044
	27,082		Sturm Ruger & Co, Inc		2,203,662
	15,106		Superior Uniform Group, Inc		290,791
	203,471	*	Taylor Morrison Home Corp		4,771,395
	53,452	*	TopBuild Corp		7,051,388
	205,859	*	TRI Pointe Homes, Inc		3,441,962
	76,206	e	Tupperware Brands Corp		1,175,859
	21,356	*,e	Turtle Beach Corp		391,669
	23,363	*	Unifi, Inc		279,421
	22,198	*	Universal Electronics, Inc		1,022,662
	32,491	*	Vera Bradley, Inc		142,473
	94,127	*	Vista Outdoor, Inc		1,614,278
	31,848	*,e	VOXX International Corp (Class A)		207,649
	127,120		Wolverine World Wide, Inc		3,055,965
	119,829	*	YETI Holdings, Inc		5,858,440
			TOTAL CONSUMER DURABLES & APPAREL		113,965,906

240

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
CONSUMER SERVICES - 3.5%
	67,370	*	Accel Entertainment, Inc	$	538,286
	82,920	*	Adtalem Global Education, Inc		2,847,473
	23,067	*	American Public Education, Inc		671,480
	29,802	*,e	Aspen Group, Inc		262,258
	1,683	*	Biglari Holdings, Inc (B Shares)		109,277
	29,485		BJ’s Restaurants, Inc		591,469
	141,691		Bloomin’ Brands, Inc		1,632,280
	11,785		Bluegreen Vacations Corp		84,852
	130,690		Boyd Gaming Corp		3,093,432
	69,546		Brinker International, Inc		1,870,092
	219,335	*,e	Caesars Entertainment, Inc		6,810,352
	24,946		Carriage Services, Inc		551,556
	51,984	*	Carrols Restaurant Group, Inc		319,182
	41,827	*	Century Casinos, Inc		168,563
	67,801	e	Cheesecake Factory		1,627,224
	61,324		Churchill Downs, Inc		8,494,601
	25,006	*	Chuy’s Holdings, Inc		397,845
	15,534		Collectors Universe		591,224
	38,584		Cracker Barrel Old Country Store, Inc		4,262,374
	74,207	e	Dave & Buster’s Entertainment, Inc		915,714
	44,551	*	Del Taco Restaurants, Inc		340,815
	89,264	*	Denny’s Corp		793,111
	24,448	e	Dine Brands Global Inc.		1,110,673
	29,146	*	El Pollo Loco Holdings, Inc		575,925
	128,365	*	Everi Holdings, Inc		729,113
	39,122	*	Fiesta Restaurant Group, Inc		253,511
	30,576	e	Franchise Group, Inc		749,112
	11,900	*	GAN Ltd		230,265
	27,024	*	Golden Entertainment, Inc		231,055
	135,828	*	Hilton Grand Vacations, Inc		2,757,308
	173,829	*	Houghton Mifflin Harcourt Co		514,534
	158,829	e	International Game Technology plc		1,566,054
	36,771	e	Jack in the Box, Inc		3,019,267
	65,497	*	K12, Inc		2,999,108
	5,140	*,e	Kura Sushi USA, Inc		53,405
	173,624	*	Laureate Education, Inc		2,201,552
	43,316	*	Lindblad Expeditions Holdings, Inc		314,041
	65,249		Marriott Vacations Worldwide Corp		5,523,980
	20,134	*	Monarch Casino & Resort, Inc		728,649
	4,421		Nathan’s Famous, Inc		225,162
	52,986	*	Noodles & Co		368,253
	71,120	e	OneSpaWorld Holdings Ltd		395,427
	51,616		Papa John’s International, Inc		4,886,487
	215,928	*,e	Penn National Gaming, Inc		7,309,163
	110,517	*	Perdoceo Education Corp		1,591,445
	59,996	*	PlayAGS, Inc		202,786
	15,720		RCI Hospitality Holdings, Inc		189,898
	21,697	*,e	Red Robin Gourmet Burgers, Inc		189,632
	108,943		Red Rock Resorts, Inc		1,194,015
	35,965	*	Regis Corp		276,211
	43,672		Ruth’s Hospitality Group Inc		292,384
	91,474	*	Scientific Games Corp (Class A)		1,607,198
	81,273	*,e	SeaWorld Entertainment, Inc		1,176,020

241

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	55,937	*,e	Shake Shack, Inc	$	2,715,741
	35,455		Strategic Education, Inc		4,474,776
	47,667	*	Target Hospitality Corp		68,164
	105,912		Texas Roadhouse, Inc (Class A)		5,951,195
	30,011	e	Twin River Worldwide Holdings Inc		647,037
	45,526	*	Universal Technical Institute, Inc		338,258
	47,811		Wingstop, Inc		7,470,469
	77,102	*	WW International Inc		1,987,690
			TOTAL CONSUMER SERVICES		104,088,423
DIVERSIFIED FINANCIALS - 3.9%
	23,632		Alerus Financial Corp		457,988
	7,888	*,e	A-Mark Precious Metals, Inc		190,022
	160,691		Anworth Mortgage Asset Corp		290,851
	249,115		Apollo Commercial Real Estate Finance, Inc		2,316,770
	164,796		Arbor Realty Trust, Inc		1,679,271
	42,505		Ares Commercial Real Estate Corp		388,071
	61,592		Arlington Asset Investment Corp (Class A)		167,530
	102,030		ARMOUR Residential REIT, Inc		952,960
	88,601		Artisan Partners Asset Management, Inc		3,210,014
	28,404	*	Assetmark Financial Holdings, Inc		791,051
	3,259	e	Associated Capital Group, Inc		131,794
	7,942	*,e	Atlanticus Holdings Corp		64,886
	32,795		B. Riley Financial, Inc		836,601
	47,972		Banco Latinoamericano de Exportaciones S.A. (Class E)		559,833
	485,090		BGC Partners, Inc (Class A)		1,343,699
	222,062		Blackstone Mortgage Trust, Inc		5,345,032
	77,387	*	Blucora, Inc		912,393
	98,687		Brightsphere Investment Group, Inc		1,326,353
	204,652		Broadmark Realty Capital, Inc		1,886,891
	17,377	*,†	Calamos Asset Management, Inc		0
	137,588	*	Cannae Holdings, Inc		5,184,316
	154,079		Capstead Mortgage Corp		947,586
	27,931		Cherry Hill Mortgage Investment Corp		257,803
	306,475		Chimera Investment Corp		2,755,210
	39,854		Cohen & Steers, Inc		2,398,414
	138,421		Colony Credit Real Estate, Inc		872,052
	43,603		Cowen Group, Inc		718,141
	27,000		Curo Group Holdings Corp		188,730
	4,916		Diamond Hill Investment Group, Inc		560,572
	56,213	*	Donnelley Financial Solutions, Inc		486,243
	34,005		Dynex Capital, Inc		525,377
	67,705	e	Ellington Financial Inc		796,211
	14,480		Ellington Residential Mortgage REIT		160,004
	51,493	*,e	Encore Capital Group, Inc		1,881,039
	51,786	*	Enova International, Inc		833,237
	78,539	*,e	Ezcorp, Inc (Class A)		449,243
	156,698		Federated Investors, Inc (Class B)		4,130,559
	65,784		FirstCash, Inc		3,791,790
	51,808	*,e	Focus Financial Partners, Inc		1,914,306
	8,005		GAMCO Investors, Inc (Class A)		94,379
	87,376		Granite Point Mortgage Trust, Inc		593,283
	24,739		Great Ajax Corp		213,250
	82,555	*	Green Dot Corp		4,184,713
	25,633		Greenhill & Co, Inc		307,083
	34,749	*	Grid Dynamics Holdings, Inc		232,123

242

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	6,613	*,e	GWG Holdings Inc	$	44,968
	35,464		Hamilton Lane, Inc		2,561,919
	112,633		Hannon Armstrong Sustainable Infrastructure Capital, Inc		3,945,534
	71,705		Houlihan Lokey, Inc		3,929,434
	292,128		Invesco Mortgage Capital, Inc		896,833
	21,080	e	iShares Russell 2000 ETF		3,106,349
	45,928		KKR Real Estate Finance Trust, Inc		764,701
	168,041		Ladder Capital Corp		1,305,679
	104,309	*,e	LendingClub Corp		544,493
	14,078		Marlin Business Services Corp		103,333
	723,770		MFA Financial Inc		1,903,515
	86,318		Moelis & Co		2,571,413
	305,089		Navient Corp		2,428,508
	28,694		Nelnet, Inc (Class A)		1,664,252
	611,454		New York Mortgage Trust, Inc		1,602,010
	35,784	*,†	NewStar Financial, Inc		8,640
	31,025	*	Oportun Financial Corp		443,658
	16,620		Oppenheimer Holdings, Inc		352,178
	96,281		Orchid Island Capital, Inc		494,884
	162,040		PennyMac Mortgage Investment Trust		3,054,454
	26,441	*	Pico Holdings, Inc		214,701
	27,675		Piper Jaffray Cos		1,713,359
	37,468		PJT Partners, Inc		2,005,662
	73,286	*	PRA Group, Inc		2,899,194
	30,321		Pzena Investment Management, Inc (Class A)		158,882
	58,721		Ready Capital Corp		470,942
	172,198		Redwood Trust, Inc		1,227,772
	14,235	*	Regional Management Corp		216,230
	30,407		Safeguard Scientifics, Inc		173,016
	29,718		Sculptor Capital Management, Inc		369,395
	8,842	*,e	Siebert Financial Corp		30,593
	15,048		Silvercrest Asset Management Group, Inc		165,528
	107,819		Stifel Financial Corp		5,227,065
	26,053	*	StoneX Group, Inc		1,367,261
	95,896		TPG RE Finance Trust, Inc		832,377
	436,809		Two Harbors Investment Corp		2,371,873
	1,276		Value Line, Inc		31,453
	11,753		Virtus Investment Partners, Inc		1,597,468
	104,681		Waddell & Reed Financial, Inc (Class A)		1,527,296
	108,368		Western Asset Mortgage Capital Corp		228,657
	12,933		Westwood Holdings Group, Inc		146,919
	232,018		WisdomTree Investments, Inc		835,265
	8,405	*,e	World Acceptance Corp		624,492
			TOTAL DIVERSIFIED FINANCIALS		113,489,829
ENERGY - 2.3%
	3,503		Adams Resources & Energy, Inc		74,158
	389,484	*,e	Antero Resources Corp		1,152,873
	23,221	*,e	Arch Resources, Inc		720,315
	202,299		Archrock, Inc		1,347,311
	52,852		Ardmore Shipping Corp		217,222
	32,725	*	Aspen Aerogels, Inc		207,804
	114,203		Berry Petroleum Co LLC		537,325
	33,121	*	Bonanza Creek Energy, Inc		602,471
	49,005		Brigham Minerals, Inc		542,975
	10,636	*	Bristow Group, Inc		170,282

243

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	76,672		Cactus, Inc	$	1,734,321
	303,222	*	ChampionX Corp		2,883,641
	212,577	*	Clean Energy Fuels Corp		505,933
	298,627	*	CNX Resources Corp		2,881,751
	35,351	*	Comstock Resources Inc		189,481
	53,354	*	CONSOL Energy, Inc		313,722
	145,214	*,e	Contango Oil & Gas Co		258,481
	47,827		CVR Energy, Inc		918,278
	99,684	e	Delek US Holdings, Inc		1,742,476
	184,645		DHT Holdings, Inc		1,048,784
	44,716	*,e	Diamond S Shipping Inc		392,606
	22,684		DMC Global, Inc		666,456
	55,370	*	Dorian LPG Ltd		472,860
	57,882	*	Dril-Quip, Inc		1,926,892
	32,851	*,e	Earthstone Energy, Inc		86,398
	418,910	e	EnCana Corp		4,059,238
	185,019	*,e	Energy Fuels, Inc		316,382
	66,315		Evolution Petroleum Corp		173,745
	47,628	*	Exterran Corp		236,711
	81,370		Falcon Minerals Corp		204,239
	246,859	*	Frank’s International NV		562,839
	187,962	e	Frontline Ltd		1,503,696
	145,135	*,e	Golar LNG Ltd		1,088,512
	20,800	*,e	Goodrich Petroleum Corp		154,960
	57,390	*,e	Green Plains Inc		742,053
	308,165	*	Gulfport Energy Corp		311,247
	227,648	*	Helix Energy Solutions Group, Inc		953,845
	40,982		International Seaways, Inc		707,759
	647,675		Kosmos Energy Ltd		1,042,757
	100,366	e	Liberty Oilfield Services, Inc		567,068
	204,998	*	Magnolia Oil & Gas Corp		1,225,888
	178,292	*,e	Matador Resources Co		1,547,575
	42,964	*	Matrix Service Co		376,150
	30,961	*,e	Montage Resources Corp		132,823
	13,038	e	Nabors Industries Ltd		552,942
	36,625	*,e	National Energy Services Reunited Corp		245,021
	149,191	*	Newpark Resources, Inc		281,971
	9,330	*,e	NextDecade Corp		14,461
	251,825	*	NexTier Oilfield Solutions, Inc		634,599
	246,362	e	Nordic American Tankers Ltd		1,120,947
	153,202	*	Oceaneering International, Inc		860,995
	93,216	*	Oil States International, Inc		417,608
	122,502	*	Overseas Shipholding Group, Inc		282,980
	64,405	*	Par Pacific Holdings, Inc		477,241
	292,845		Patterson-UTI Energy, Inc		1,134,774
	154,102		PBF Energy, Inc		1,337,605
	156,931	*	PDC Energy, Inc		2,237,836
	106,115		Peabody Energy Corp		331,079
	23,101	*	Penn Virginia Corp		228,931
	750	*	PrimeEnergy Corp		53,437
	127,984	*	ProPetro Holding Corp		687,274
	342,534		Range Resources Corp		2,212,770
	62,516	*	Renewable Energy Group, Inc		1,724,191
	8,758	*	Rex American Resources Corp		596,858
	83,751	*,e	RPC, Inc		248,740
	81,605	e	Scorpio Tankers, Inc		1,078,818

244

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	30,575	*	SEACOR Holdings, Inc	$	889,121
	96,183	*	Select Energy Services, Inc		427,053
	146,632		SFL Corp Ltd		1,218,512
	183,845		SM Energy Co		542,343
	46,387	e	Solaris Oilfield Infrastructure, Inc		336,770
	890,864	*	Southwestern Energy Co		2,164,800
	19,740	*	Talos Energy, Inc		134,429
	238,928	*,e	Tellurian, Inc		213,076
	73,003	*	Tidewater, Inc		454,079
	931,957	*,e	Transocean Ltd (NYSE)		1,901,192
	264,302	*,e	Uranium Energy Corp		255,924
	117,412	e	US Silica Holdings, Inc		414,464
	147,897	*,e	W&T Offshore, Inc		334,247
	79,000	*,e	Whiting Petroleum Corp		61,620
	102,679		World Fuel Services Corp		2,416,037
			TOTAL ENERGY		66,027,048
FOOD & STAPLES RETAILING - 0.6%
	48,144		Andersons, Inc		684,608
	42,471	*	Chefs’ Warehouse Holdings, Inc		489,691
	56,638	*,e	HF Foods Group Inc		501,813
	22,858	e	Ingles Markets, Inc (Class A)		920,034
	15,412		Natural Grocers by Vitamin C		243,972
	211,153	*	Performance Food Group Co		5,916,507
	37,156		Pricesmart, Inc		2,428,888
	90,897	*,e	Rite Aid Corp		1,377,998
	59,062		SpartanNash Co		1,241,779
	87,405	*	United Natural Foods, Inc		1,734,989
	12,578		Village Super Market (Class A)		317,594
	14,652		Weis Markets, Inc		729,963
			TOTAL FOOD & STAPLES RETAILING		16,587,836
FOOD, BEVERAGE & TOBACCO - 1.9%
	6,121		Alico, Inc		184,732
	103,851	e	B&G Foods, Inc (Class A)		3,002,332
	2,497	*	Bridgford Foods Corp		40,202
	26,223		Calavo Growers, Inc		1,514,903
	51,486	*	Cal-Maine Foods, Inc		2,262,552
	54,450	*	Celsius Holdings, Inc		798,781
	7,573		Coca-Cola Consolidated Inc		1,738,458
	18,696	*,e	Craft Brewers Alliance, Inc		276,888
	258,213	*	Darling International, Inc		7,211,889
	25,443	*	Farmer Bros Co		126,706
	50,269		Fresh Del Monte Produce, Inc		1,135,074
	62,500	*	Freshpet, Inc		6,003,125
	195,108	*	Hostess Brands, Inc		2,473,969
	23,885		J&J Snack Foods Corp		2,940,960
	14,633		John B. Sanfilippo & Son, Inc		1,290,192
	30,622		Lancaster Colony Corp		4,856,343
	39,151	*	Landec Corp		369,585
	24,847		Limoneira Co		334,938
	21,578		MGP Ingredients, Inc		782,634
	19,078	*,e	National Beverage Corp		1,223,854
	135,445	*,e	New Age Beverages Corp		307,460
	249,142		Primo Water Corp		3,540,308
	32,734		Sanderson Farms, Inc		3,649,677

245

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	10,762	*	Seneca Foods Corp	$	421,655
	135,800	*	Simply Good Foods Co		3,264,632
	26,185	e	Tootsie Roll Industries, Inc		830,065
	15,542	e	Turning Point Brands, Inc		511,021
	39,123		Universal Corp		1,649,426
	221,934		Vector Group Ltd		1,957,458
			TOTAL FOOD, BEVERAGE & TOBACCO		54,699,819
HEALTH CARE EQUIPMENT & SERVICES - 7.2%
	34,067	*,e	1Life Healthcare, Inc		1,008,724
	155,609	*	Accuray, Inc		347,008
	12,508	*	AdaptHealth Corp		243,656
	22,048	*	Addus HomeCare Corp		2,125,648
	259,227	*	Allscripts Healthcare Solutions, Inc		2,333,043
	74,689	*	Alphatec Holdings Inc		371,204
	29,652	*	American Renal Associates Holdings, Inc		191,255
	74,516	*	AMN Healthcare Services, Inc		4,093,909
	59,126	*	Angiodynamics, Inc		488,381
	270,773	*	Antares Pharma, Inc		706,718
	18,710	*,e	Apollo Medical Holdings, Inc		313,392
	49,966	*	Apyx Medical Corp		224,347
	63,342	*	AtriCure, Inc		2,584,987
	2,226		Atrion Corp		1,380,343
	31,384	*,e	Avalon GloboCare Corp		50,842
	76,880	*	Avanos Medical, Inc		2,357,910
	59,834	*,e	AxoGen, Inc		680,313
	48,530	*,e	Axonics Modulation Technologies, Inc		2,055,731
	20,983	*	Beyond Air, Inc		130,304
	14,480	*,e	BioLife Solutions Inc		279,898
	36,998	*,e	BioSig Technologies Inc		333,722
	54,077	*	BioTelemetry, Inc		2,301,517
	306,900	*	Brookdale Senior Living, Inc		850,113
	62,011		Cantel Medical Corp		2,930,020
	56,172	*	Cardiovascular Systems, Inc		1,712,123
	258,319	*	Cerus Corp		1,841,814
	31,463	*,e	Chembio Diagnostics, Inc		173,990
	41,360	*,e	Co-Diagnostics, Inc		992,640
	110,539	*,e	Community Health Systems, Inc		550,484
	21,820		Computer Programs & Systems, Inc		538,518
	43,308		Conmed Corp		3,574,642
	14,457	*	Corvel Corp		1,149,187
	160,361	*	Covetrus, Inc		3,553,600
	55,173	*	Cross Country Healthcare, Inc		357,797
	57,365	*	CryoLife, Inc		1,113,455
	53,510	*,e	CryoPort, Inc		1,773,321
	27,133	*	Cutera, Inc		386,103
	57,687	*,e	CytoSorbents Corp		552,353
	11,193	*,e	Electromed, Inc		185,692
	82,369		Ensign Group, Inc		3,788,150
	66,719	*	Enzo Biochem, Inc		158,791
	127,883	*	Evolent Health, Inc		1,489,837
	11,267	*,e	Exagen, Inc		140,274
	30,465	*,e	Five Star Senior Living, Inc		138,311
	10,089	*	FONAR Corp		248,391
	15,491	*	Fulgent Genetics, Inc		408,188
	108,043	*	GenMark Diagnostics, Inc		1,929,648

246

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	69,177	*,e	Glaukos Corp	$	3,023,035
	56,511	*	Hanger Inc		986,682
	51,425	*,e	Health Catalyst, Inc		1,794,732
	119,937	*	HealthEquity, Inc		6,183,952
	38,754	*	HealthStream, Inc		850,844
	11,371	*	Heska Corp		1,094,118
	140,745	*	HMS Holdings Corp		4,574,212
	31,792	*,e	iCAD, Inc		293,122
	22,811	*	InfuSystem Holdings, Inc		278,522
	29,058	*	Inogen, Inc		892,081
	117,416	*	Inovalon Holdings, Inc		2,762,798
	42,514	*	Inspire Medical Systems, Inc		4,224,191
	53,101	*	Integer Holding Corp		3,492,453
	13,359	*	IntriCon Corp		144,277
	58,986		Invacare Corp		415,261
	9,882	*,e	iRadimed Corp		220,171
	43,727	*	iRhythm Technologies, Inc		5,443,137
	18,873	*	Joint Corp		272,526
	107,944	*	Lantheus Holdings, Inc		1,455,085
	27,236		LeMaitre Vascular, Inc		798,832
	48,973	*	LHC Group, Inc		9,555,122
	79,322	*	LivaNova plc		3,691,646
	6,745	*	Lyra Therapeutics, Inc		90,383
	37,272	*	Magellan Health Services, Inc		2,764,464
	132,579	*	MEDNAX, Inc		2,648,928
	68,274	*	Meridian Bioscience, Inc		1,672,030
	87,843	*	Merit Medical Systems, Inc		3,928,339
	6,483		Mesa Laboratories, Inc		1,536,082
	56,071	*,e	Milestone Scientific, Inc		108,217
	23,040	*	Misonix Inc		286,387
	43,104	*	NantHealth, Inc		193,968
	20,810		National Healthcare Corp		1,234,449
	21,490		National Research Corp		1,229,013
	52,125	*	Natus Medical, Inc		968,483
	10,702	*,e	Nemaura Medical, Inc		67,851
	85,074	*	Neogen Corp		6,531,131
	54,160	*	Nevro Corp		7,201,114
	85,614	*	NextGen Healthcare, Inc		1,251,677
	83,041	*	NuVasive, Inc		4,744,963
	68,613	*	Omnicell, Inc		4,822,808
	14,666	*,e	Ontrak, Inc		561,121
	23,288	*,e	OptimizeRx Corp		329,525
	56,764	*	Option Care Health, Inc		668,680
	103,467	*	OraSure Technologies, Inc		1,877,926
	28,152	*	Orthofix Medical Inc		864,548
	19,027	*	OrthoPediatrics Corp		802,749
	104,464		Owens & Minor, Inc		1,679,781
	135,327		Patterson Cos, Inc		3,594,285
	57,888	*,e	PAVmed, Inc		115,197
	42,994	*	Pennant Group, Inc		1,077,430
	32,543	*,e	PetIQ, Inc		1,187,494
	45,569	*	Phreesia, Inc		1,369,804
	41,995	*,e	Progyny, Inc		1,118,117
	3,245	*	Protara Therapeutics, Inc		80,930
	19,315	*	Providence Service Corp		1,564,708
	25,743	*,e	Pulse Biosciences, Inc		263,866

247

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	96,848	*,e	Quotient Ltd	$	759,288
	170,744	*	R1 RCM, Inc		2,334,070
	68,714	*	RadNet, Inc		1,091,865
	38,534	*,e	Repro-Med Systems, Inc		401,910
	20,903	*,e	Retractable Technologies, Inc		250,209
	109,022	*,e	Rockwell Medical, Inc		187,518
	41,529	*	SeaSpine Holdings Corp		389,127
	170,848	*	Select Medical Holdings Corp		3,252,946
	23,007	*	Sharps Compliance Corp		176,004
	42,579	*	Shockwave Medical Inc		2,099,996
	40,490	*	SI-BONE, Inc		692,379
	76,409	*	Sientra, Inc		290,354
	50,631	*	Silk Road Medical Inc		2,352,316
	20,407		Simulations Plus, Inc		1,436,653
	11,117	*,e	Soliton Inc		71,593
	73,112	*	Staar Surgical Co		4,254,387
	70,477	*,e	Stereotaxis, Inc		271,336
	106,320	*	Surgalign Holdings, Inc		298,759
	36,662	*	Surgery Partners, Inc		559,829
	21,908	*	SurModics, Inc		1,036,029
	32,638	*,e	Tabula Rasa HealthCare, Inc		1,834,256
	29,850	*,e	Tactile Systems Technology, Inc		1,223,253
	8,703	*	Tela Bio, Inc		101,303
	167,343	*	Tenet Healthcare Corp		4,424,549
	73,322	*,e	Tivity Health, Inc		961,985
	31,555	*	Transmedics Group, Inc		569,883
	39,084	*	Triple-S Management Corp (Class B)		760,575
	20,254		US Physical Therapy, Inc		1,682,297
	5,769		Utah Medical Products, Inc		470,174
	30,576	*	Vapotherm, Inc		1,597,290
	57,964	*	Varex Imaging Corp		908,876
	29,424	*	Venus Concept, Inc		84,153
	54,995	*,e	Viemed Healthcare, Inc		596,146
	198,953	*,e	ViewRay, Inc		551,100
	51,689	*	Vocera Communications, Inc		1,590,471
	37,829	*	VolitionRX Ltd		122,188
	207,693	*,e	Wright Medical Group NV		6,234,944
	28,716	*,e	Zynex Inc		549,050
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		212,492,602
HOUSEHOLD & PERSONAL PRODUCTS - 0.6%
	64,750	*	BellRing Brands, Inc		1,286,582
	15,239	*,e	Central Garden & Pet Co		576,948
	64,447	*	Central Garden and Pet Co (Class A)		2,233,089
	88,544	*	Edgewell Personal Care Co		2,646,580
	42,602	*	elf Beauty, Inc		760,872
	29,238		Inter Parfums, Inc		1,195,542
	20,175	*	Lifevantage Corp		259,047
	18,039		Medifast, Inc		3,014,858
	11,943	*	Nature’s Sunshine Products, Inc		113,578
	8,492		Oil-Dri Corp of America		295,267
	13,374	*,e	Revlon, Inc (Class A)		84,524
	18,406	*	USANA Health Sciences, Inc		1,494,199
	80,103	*	Veru, Inc		226,691
	21,887		WD-40 Co		4,301,890
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		18,489,667

248

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
INSURANCE - 2.4%
	70,492	*	AMBAC Financial Group, Inc	$	902,298
	146,696		American Equity Investment Life Holding Co		3,733,413
	30,614		Amerisafe, Inc		1,942,764
	50,689	*	Argo Group International Holdings Ltd		1,698,588
	18,841	*,e	Benefytt Technologies, Inc		582,564
	33,455	*	BRP Group, Inc		583,790
	75,026	*,e	Citizens, Inc (Class A)		430,649
	231,548		Conseco, Inc		3,496,375
	23,966	e	Crawford & Co		175,671
	14,812		Donegal Group, Inc (Class A)		207,072
	41,339	*	eHealth, Inc		2,858,178
	48,758		Employers Holdings, Inc		1,585,610
	19,145	*	Enstar Group Ltd		3,215,403
	17,332		FBL Financial Group, Inc (Class A)		602,807
	20,602		FedNat Holding Co		192,835
	808,775	*	Genworth Financial, Inc (Class A)		1,649,901
	11,935		Global Indemnity Ltd		272,715
	21,509	*,e	Goosehead Insurance, Inc		2,222,525
	49,145	*,e	Greenlight Capital Re Ltd (Class A)		317,477
	10,657		HCI Group, Inc		475,515
	43,071		Heritage Insurance Holdings, Inc		511,253
	65,844		Horace Mann Educators Corp		2,474,417
	7,592		Independence Holding Co		250,991
	2,070		Investors Title Co		238,216
	48,103		James River Group Holdings Ltd		2,228,131
	33,631		Kinsale Capital Group, Inc		6,554,682
	120,629	*	MBIA, Inc		966,238
	108,956		National General Holdings Corp		3,703,414
	4,087		National Western Life Group, Inc		796,107
	11,769	*	NI Holdings, Inc		193,953
	31,601	*	Palomar Holdings, Inc		2,886,435
	87,224		ProAssurance Corp		1,282,193
	13,820	*	ProSight Global, Inc		108,625
	15,417		Protective Insurance Corp		197,338
	63,877		RLI Corp		5,629,480
	23,953		Safety Insurance Group, Inc		1,812,523
	95,378		Selective Insurance Group, Inc		5,182,841
	26,870		State Auto Financial Corp		416,754
	37,508		Stewart Information Services Corp		1,573,461
	129,251	*	Third Point Reinsurance Ltd		1,006,865
	28,499		Tiptree Inc		143,920
	47,440	*,e	Trupanion, Inc		2,399,041
	32,574		United Fire Group Inc		826,402
	34,995		United Insurance Holdings Corp		258,963
	46,493		Universal Insurance Holdings, Inc		814,092
	29,144	*	Watford Holdings Ltd		478,253
			TOTAL INSURANCE		70,080,738
MATERIALS - 4.3%
	24,189	e	Advanced Emissions Solutions, Inc		100,626
	44,111	*	AdvanSix, Inc		549,182
	47,180	*,e	AgroFresh Solutions, Inc		115,119
	298,759	*	Alcoa Corp		3,883,867
	203,858	*	Allegheny Technologies, Inc		1,771,526

249

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	46,599		American Vanguard Corp	$	627,223
	111,283	*,e	Amyris, Inc		476,291
	158,413	*	Arconic Corp		2,580,548
	145,730		Avient Corp		3,482,947
	52,004		Balchem Corp		5,213,921
	63,265		Boise Cascade Co		2,947,516
	17,404	e	Caledonia Mining Corp plc		399,074
	76,026		Carpenter Technology Corp		1,699,941
	84,009	*	Century Aluminum Co		731,718
	11,795		Chase Corp		1,186,105
	26,505	*	Clearwater Paper Corp		978,565
	635,084	e	Cleveland-Cliffs, Inc		3,289,735
	386,146	*	Coeur Mining, Inc		3,062,138
	192,711		Commercial Metals Co		3,985,263
	55,664		Compass Minerals International, Inc		2,835,524
	87,690		Domtar Corp		1,840,613
	132,216	*	Ferro Corp		1,545,605
	69,112	*,†	Ferroglobe plc		0
	30,045	*	Forterra, Inc		390,285
	39,241		FutureFuel Corp		517,196
	77,941	*	GCP Applied Technologies, Inc		1,778,614
	110,132		Gold Resource Corp		483,479
	41,108		Greif, Inc (Class A)		1,430,147
	11,190		Greif, Inc (Class B)		439,655
	82,083		H.B. Fuller Co		3,721,643
	16,181		Hawkins, Inc		833,807
	22,259		Haynes International, Inc		408,675
	837,445		Hecla Mining Co		4,622,696
	66,342	*	Ingevity Corp		3,879,680
	38,993		Innospec, Inc		2,931,104
	151,092	*	Intrepid Potash, Inc		136,904
	24,990		Kaiser Aluminum Corp		1,548,131
	34,675	*	Koppers Holdings, Inc		872,770
	52,313	*	Kraton Corp		687,916
	35,257	e	Kronos Worldwide, Inc		396,289
	233,699	*,e	Livent Corp		1,465,293
	180,249		Louisiana-Pacific Corp		5,708,486
	135,131	*,e	Marrone Bio Innovations, Inc		149,995
	32,357		Materion Corp		1,857,939
	19,123	*	Mayville Engineering Co Inc		145,144
	54,813		Minerals Technologies, Inc		2,569,633
	59,517		Myers Industries, Inc		896,326
	26,739		Neenah Inc		1,192,827
	378,904	*	Novagold Resources Inc		3,455,604
	249,174		O-I Glass, Inc		2,601,377
	18,166		Olympic Steel, Inc		192,196
	96,147		Orion Engineered Carbons SA		980,699
	70,439		PH Glatfelter Co		1,122,093
	63,867	*	PQ Group Holdings, Inc		783,648
	21,560		Quaker Chemical Corp		4,182,640
	46,468	*	Ranpak Holdings Corp		379,644
	107,988	*	Rayonier Advanced Materials, Inc		314,245
	25,392	*	Ryerson Holding Corp		142,957
	43,054		Schnitzer Steel Industries, Inc (Class A)		792,194
	50,201		Schweitzer-Mauduit International, Inc		1,633,039
	68,438		Sensient Technologies Corp		3,573,148

250

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	35,015		Stepan Co	$	3,823,638
	191,357	*	Summit Materials, Inc		2,816,775
	135,971		SunCoke Energy, Inc		433,748
	81,072	*	TimkenSteel Corp		297,534
	32,766	*	Trecora Resources		188,405
	41,483		Tredegar Corp		658,750
	63,201		Trinseo S.A.		1,371,462
	150,644		Tronox Holdings plc		1,147,907
	96,733		UFP Industries, Inc		5,631,795
	11,572	*	UFP Technologies, Inc		499,216
	3,858		United States Lime & Minerals, Inc		348,030
	350,222	e	United States Steel Corp		2,332,479
	24,678	*	US Concrete, Inc		612,508
	57,943		Verso Corp		707,484
	84,090		Warrior Met Coal, Inc		1,338,713
	59,802		Worthington Industries, Inc		2,237,791
			TOTAL MATERIALS		126,967,400
MEDIA & ENTERTAINMENT - 1.5%
	76,980	e	AMC Entertainment Holdings, Inc		310,999
	61,774	*	AMC Networks, Inc		1,426,979
	20,373	*	Black Diamond Therapeutics, Inc		566,777
	18,476	*	Boston Omaha Corp		293,768
	42,148	*	Cardlytics, Inc		2,799,470
	140,439	*	Cargurus, Inc		4,057,283
	106,971	*	Cars.com, Inc		868,605
	146,370	*	Central European Media Enterprises Ltd (Class A) (NASDAQ)		582,553
	170,599		Cinemark Holdings, Inc		2,018,186
	89,787	*	comScore, Inc		269,361
	1,721	*,e	Daily Journal Corp		488,764
	73,841	*	DHI Group, Inc		184,603
	192,475		Entercom Communications Corp (Class A)		269,465
	92,099		Entravision Communications Corp (Class A)		121,571
	132,216	*,e	Eros International plc		375,493
	101,427	*	Eventbrite Inc		864,158
	22,369	*	EverQuote Inc		1,217,992
	92,738		EW Scripps Co (Class A)		1,055,358
	66,765	*	Fluent, Inc		121,512
	21,658	*	Gaia, Inc		198,820
	235,916	e	Gannett Co, Inc		349,156
	206,671	*	Glu Mobile, Inc		1,950,974
	141,638	*	Gray Television, Inc		2,031,089
	28,671	*	Hemisphere Media Group, Inc		252,305
	95,690	*,e	iHeartMedia, Inc		799,968
	78,969	*	Imax Corp		891,560
	14,316	*,e	Liberty Braves Group (Class A)		270,716
	54,365	*	Liberty Braves Group (Class C)		1,013,907
	143,635	*	Liberty TripAdvisor Holdings, Inc		356,215
	55,348	*	LiveXLive Media, Inc		167,704
	20,907		Loral Space & Communications, Inc		379,880
	169,019	*	Magnite, Inc		1,014,959
	34,944		Marcus Corp		482,577
	112,534	*	Meet Group, Inc		701,087
	65,100	e	Meredith Corp		934,836
	66,199	*	MSG Networks, Inc		630,877
	100,476		National CineMedia, Inc		248,176

251

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	74,949	*	QuinStreet, Inc	$	875,030
	6,767		Saga Communications, Inc		158,212
	46,607		Scholastic Corp		1,115,306
	82,942	e	Sinclair Broadcast Group, Inc (Class A)		1,708,605
	36,597	*	TechTarget, Inc		1,328,105
	349,531		TEGNA, Inc		4,117,475
	29,996		Tribune Publishing Co		292,461
	177,249	*	TrueCar, Inc		666,456
	82,285	*	WideOpenWest, Inc		449,276
	111,622	*	Yelp, Inc		2,788,318
			TOTAL MEDIA & ENTERTAINMENT		44,066,947
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 12.7%
	4,550	*,e	89bio, Inc		138,229
	91,095	*	Abeona Therapeutics, Inc		259,621
	48,667	*,e	Accelerate Diagnostics, Inc		707,132
	160,239	*,e	AcelRx Pharmaceuticals, Inc		174,661
	109,116	*,e	ADMA Biologics, Inc		389,544
	101,325	*	Aduro Biotech, Inc		285,737
	119,746	*	Adverum Biotechnologies, Inc		2,008,140
	67,104	*	Aeglea BioTherapeutics, Inc		459,662
	58,968	*	Aerie Pharmaceuticals, Inc		681,670
	119,643	*	Affimed NV		422,340
	220,768	*	Agenus, Inc		671,135
	109,474	*,e	Agile Therapeutics, Inc		273,685
	74,177	*,e	Aimmune Therapeutics, Inc		979,878
	26,328	*,e	Akcea Therapeutics, Inc		285,396
	212,648	*	Akebia Therapeutics, Inc		2,375,278
	17,853	*,e	Akero Therapeutics, Inc		626,819
	20,627	*	Albireo Pharma, Inc		582,919
	116,754	*,†	Alder Biopharmaceuticals Inc		102,744
	76,643	*	Alector, Inc		1,200,996
	39,774	*,e	Allakos, Inc		2,985,834
	78,956	*,e	Allogene Therapeutics, Inc		2,895,317
	49,930	*,e	AMAG Pharmaceuticals, Inc		477,081
	410,578	*	Amicus Therapeutics, Inc		5,932,852
	158,849	*,e	Amneal Pharmaceuticals, Inc		687,816
	57,253	*	Amphastar Pharmaceuticals, Inc		1,146,205
	37,069	*,e	AnaptysBio, Inc		665,759
	84,579	*,e	Anavex Life Sciences Corp		356,923
	14,404	*	ANI Pharmaceuticals, Inc		426,502
	22,317	*	Anika Therapeutics, Inc		812,339
	97,878	*	Apellis Pharmaceuticals, Inc		2,534,061
	37,433	*	Applied Genetic Technologies Corp		197,646
	21,275	*,e	Applied Therapeutics, Inc		548,895
	11,833	*	Aprea Therapeutics, Inc		324,579
	39,511	*	Aptinyx, Inc		148,956
	32,363	*,e	Aquestive Therapeutics, Inc		170,229
	20,763	*	Arcturus Therapeutics Holdings, Inc		1,084,452
	53,073	*	Arcus Biosciences, Inc		1,044,477
	16,049	*,e	Arcutis Biotherapeutics, Inc		428,508
	116,656	*	Ardelyx, Inc		659,106
	90,895	*	Arena Pharmaceuticals, Inc		5,580,044
	161,956	*	Arrowhead Pharmaceuticals Inc		6,975,445
	46,749	*	Arvinas, Inc		1,472,594
	75,308	*,e	Aspira Women’s Health, Inc		336,627

252

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	48,927	*	Assembly Biosciences, Inc	$	1,086,179
	91,624	*	Atara Biotherapeutics, Inc		1,135,221
	117,536	*	Athenex, Inc		1,247,057
	277,830	*,e	Athersys, Inc		711,245
	33,922	*,e	Atreca, Inc		439,290
	11,127	*,e	Avenue Therapeutics, Inc		112,717
	21,990	*	AVEO Pharmaceuticals, Inc		93,677
	87,471	*	Avid Bioservices, Inc		649,035
	49,269	*,e	Avrobio, Inc		835,110
	12,519	*	Axcella Health, Inc		56,210
	45,020	*	Axsome Therapeutics, Inc		3,211,277
	49,669	*	Aytu BioScience, Inc		69,040
	21,480	*,e	Beam Therapeutics, Inc		415,423
	5,682	*	Bellerophon Therapeutics, Inc		72,957
	20,593	*	Beyondspring Inc		227,141
	262,263	*	BioCryst Pharmaceuticals, Inc		1,067,410
	136,171	*	BioDelivery Sciences International, Inc		570,556
	76,273	*	Biohaven Pharmaceutical Holding Co Ltd		4,884,523
	10,019	*	Biospecifics Technologies Corp		627,791
	16,878	*	Bioxcel Therapeutics Inc		765,586
	87,510	*	Blueprint Medicines Corp		6,403,982
	42,715	*,e	BrainStorm Cell Therapeutics, Inc		578,788
	117,905	*,e	Bridgebio Pharma, Inc		3,317,847
	20,442	*	Cabaletta Bio, Inc		233,652
	110,101	*	Calithera Biosciences, Inc		517,475
	15,056	*,e	Calyxt, Inc		66,397
	66,066	*,e	Cara Therapeutics, Inc		1,086,125
	70,227	*	CareDx, Inc		2,342,070
	72,019	*	CASI Pharmaceuticals, Inc		138,997
	38,267	*,e	Cassava Sciences, Inc		121,306
	16,352	*	Castle Biosciences, Inc		633,149
	29,040	*	Catabasis Pharmaceuticals, Inc		167,851
	28,274	*,e	Catalyst Biosciences, Inc		144,480
	158,496	*	Catalyst Pharmaceuticals, Inc		681,533
	18,869	*,e	Cellular Biomedicine Group, Inc		248,505
	52,617	*,e	CEL-SCI Corp		658,239
	6,654	*,e	Centogene NV		84,506
	60,276	*	Cerecor Inc		164,553
	11,574	*	Champions Oncology, Inc		101,157
	69,729	*,e	Checkpoint Therapeutics Inc		156,890
	72,101	*	ChemoCentryx, Inc		3,800,444
	55,565	*	Chiasma, Inc		242,819
	77,444	*	Chimerix, Inc		240,851
	66,245	*,e	ChromaDex Corp		335,200
	53,598	*	Cidara Therapeutics, Inc		195,633
	115,428	*,e	Clovis Oncology, Inc		668,328
	84,639	*,e	Codexis, Inc		1,001,279
	39,217	*,e	Cohbar, Inc		58,433
	92,303	*	Coherus Biosciences, Inc		1,623,610
	55,005	*	Collegium Pharmaceutical, Inc		867,979
	45,976	*	Concert Pharmaceuticals, Inc		426,198
	43,095	*	Constellation Pharmaceuticals, Inc		1,158,825
	21,762	*,e	ContraFect Corp		120,997
	106,951	*,e	Corbus Pharmaceuticals Holdings, Inc		670,583
	157,277	*,e	Corcept Therapeutics, Inc		2,351,291
	48,065	*	CorMedix Inc		213,889

253

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	26,573	*,e	Cortexyme Inc	$	1,058,934
	43,166	*	Crinetics Pharmaceuticals, Inc		599,144
	44,155	*	Cue Biopharma, Inc		834,971
	116,466	*	Cymabay Therapeutics, Inc		413,454
	89,394	*,e	Cytokinetics, Inc		1,932,698
	73,221	*	CytomX Therapeutics, Inc		513,279
	60,799	*	Deciphera Pharmaceuticals, Inc		2,819,250
	103,078	*	Denali Therapeutics, Inc		2,414,087
	12,952	*	DermTech, Inc		137,162
	103,541	*	Dicerna Pharmaceuticals, Inc		2,226,132
	316,474	*,e	Durect Corp		620,289
	30,875	*	Dyadic International, Inc		267,995
	142,765	*,e	Dynavax Technologies Corp		1,157,824
	17,397	*	Eagle Pharmaceuticals, Inc		807,047
	88,444	*,e	Editas Medicine, Inc		2,596,716
	18,478	*	Eidos Therapeutics, Inc		740,968
	40,155	*	Eiger BioPharmaceuticals, Inc		403,558
	62,219	*,e	Eloxx Pharmaceuticals, Inc		173,591
	71,612	*	Emergent Biosolutions, Inc		7,966,119
	30,764	*	Enanta Pharmaceuticals, Inc		1,410,529
	374,295	*	Endo International plc		1,302,547
	21,446	*,e	Enochian Biosciences Inc		82,567
	146,537	*	Epizyme, Inc		2,028,072
	41,209	*,e	Esperion Thereapeutics, Inc		1,550,695
	24,617	*	Eton Pharmaceuticals, Inc		164,442
	18,024	*	Evelo Biosciences, Inc		68,671
	75,831	*	Evofem Biosciences Inc		226,735
	32,742	*,e	Evolus, Inc		106,739
	94,909	*	Exicure, Inc		212,596
	101,874	*,e	Fate Therapeutics, Inc		3,185,600
	35,027	*,e	Fennec Pharmaceuticals, Inc		295,803
	134,086	*	FibroGen, Inc		5,426,460
	43,064	*	Five Prime Therapeutics, Inc		254,078
	55,884	*,e	Flexion Therapeutics, Inc		758,346
	107,237	*	Fluidigm Corp		754,948
	93,144	*	Fortress Biotech, Inc		258,475
	44,916	*,e	Frequency Therapeutics, Inc		949,524
	19,564	*	Fulcrum Therapeutics, Inc		310,481
	55,118	*	G1 Therapeutics, Inc		808,581
	70,721	*,e	Galectin Therapeutics, Inc		184,582
	14,027	*	Galera Therapeutics, Inc		97,628
	45,893	*,e	Genprex, Inc		154,659
	316,139	*	Geron Corp		502,661
	52,131	*	GlycoMimetics, Inc		205,396
	79,099	*	Gossamer Bio, Inc		942,860
	44,732	*,e	Gritstone Oncology, Inc		143,366
	216,527	*	Halozyme Therapeutics, Inc		5,887,369
	18,973	*	Harpoon Therapeutics, Inc		208,893
	36,542	*	Harrow Health, Inc		200,250
	60,379	*	Harvard Bioscience, Inc		187,779
	139,686	*	Heron Therapeutics, Inc		2,275,485
	54,223	*	Homology Medicines, Inc		713,032
	19,898	*,e	Hookipa Pharma, Inc		192,215
	78,560	*,e	iBio, Inc		348,806
	19,236	*	Ideaya Biosciences, Inc		242,566
	11,311	*	IGM Biosciences, Inc		568,491

254

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	7,955	*	IMARA, Inc	$	160,611
	5,443	*	Immunic, Inc		93,620
	277,937	*	Immunogen, Inc		1,142,321
	30,462	*	Immunovant, Inc		688,746
	104,573	*	Innoviva, Inc		1,416,441
	231,882	*,e	Inovio Pharmaceuticals, Inc		4,507,786
	163,879	*,e	Insmed, Inc		4,280,519
	69,956	*,e	Intellia Therapeutics, Inc		1,245,916
	41,348	*,e	Intercept Pharmaceuticals, Inc		1,887,123
	54,922	*	Intersect ENT, Inc		944,109
	90,529	*	Intra-Cellular Therapies, Inc		1,794,737
	186,265	*,e	Invitae Corp		5,438,938
	254,407	*	Ironwood Pharmaceuticals, Inc		2,332,912
	72,031	*	IVERIC bio, Inc		288,844
	27,178	*,e	Jounce Therapeutics, Inc		124,475
	256,212	*	Kadmon Holdings, Inc		937,736
	63,369	*,e	Kala Pharmaceuticals, Inc		554,479
	17,986	*,e	Kaleido Biosciences Inc		107,376
	22,144	*	KalVista Pharmaceuticals Inc		217,676
	25,337	*	Karuna Therapeutics, Inc		2,072,567
	111,811	*,e	Karyopharm Therapeutics, Inc		1,794,567
	11,109	*	Keros Therapeutics, Inc		356,599
	48,241	*	Kezar Life Sciences, Inc		210,813
	69,781	*	Kindred Biosciences, Inc		229,579
	30,333	*	Kiniksa Pharmaceuticals Ltd		592,100
	47,265	*	Kodiak Sciences, Inc		2,189,787
	19,059	*	Krystal Biotech Inc		786,946
	84,614	*	Kura Oncology, Inc		1,391,054
	34,153	*,e	La Jolla Pharmaceutical Co		135,929
	53,355	*,e	Lannett Co, Inc		317,462
	69,718	*,e	Lexicon Pharmaceuticals, Inc		135,253
	23,003	*,e	Ligand Pharmaceuticals, Inc (Class B)		2,695,492
	32,713	*,e	Liquidia Technologies, Inc		180,903
	16,807	*,e	LogicBio Therapeutics, Inc		131,767
	68,243		Luminex Corp		2,484,045
	77,584	*	MacroGenics, Inc		1,970,634
	13,926	*,e	Madrigal Pharmaceuticals, Inc		1,428,947
	29,197	*	Magenta Therapeutics, Inc		204,963
	64,943	*,e	Mallinckrodt plc		144,823
	348,781	*,e	MannKind Corp		544,098
	155,417	*	Marinus Pharmaceuticals, Inc		261,101
	72,995	*,e	Marker Therapeutics Inc		146,720
	72,113	*,e	MediciNova, Inc		448,543
	44,067	*	Medpace Holdings, Inc		5,259,396
	173,968	*	MEI Pharma, Inc		482,761
	35,554	*	MeiraGTx Holdings plc		461,846
	171,605	*,e	Menlo Therapeutics, Inc		276,284
	76,105	*	Mersana Therapeutics, Inc		1,512,967
	50,061	*	Minerva Neurosciences, Inc		174,463
	59,292	*	Mirati Therapeutics, Inc		7,192,713
	8,944	*,e	Mirum Pharmaceuticals, Inc		197,484
	38,691	*	Molecular Templates, Inc		424,440
	190,521	*	Momenta Pharmaceuticals, Inc		5,618,464
	21,832	*,e	Morphic Holding, Inc		491,438
	41,225	*	Mustang Bio, Inc		126,973
	80,157	*	MyoKardia, Inc		7,224,550

255

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	116,668	*	Myriad Genetics, Inc	$	1,408,183
	60,274	*	NanoString Technologies, Inc		2,176,494
	45,884	*,e	NantKwest, Inc		512,983
	112,574	*	Natera, Inc		5,405,803
	167,346	*	NeoGenomics, Inc		6,397,638
	47,386	*,e	Neoleukin Therapeutics, Inc		458,696
	27,677	*	Neubase Therapeutics, Inc		205,779
	7,879	*	NeuroBo Pharmaceuticals, Inc		50,504
	26,374	*	NextCure Inc		235,256
	37,573	*,e	NGM Biopharmaceuticals Inc		687,210
	93,990	*,e	Novavax, Inc		13,449,969
	62,993	*,e	Nymox Pharmaceutical Corp		202,837
	82,009	*,e	Ocular Therapeutix, Inc		642,951
	20,943	*	Odonate Therapeutics, Inc		761,697
	83,289	*,e	Omeros Corp		1,068,598
	69,248	*	Oncocyte Corp		93,485
	637,658	*,e	Opko Health, Inc		3,283,939
	51,952	*,e	Optinose, Inc		264,695
	34,821	*	Organogenesis Holdings Inc		128,141
	29,018	*	Orgenesis, Inc		160,179
	13,885	*	ORIC Pharmaceuticals, Inc		278,672
	68,485	*,e	Ovid therapeutics, Inc		441,728
	8,688	*	Oyster Point Pharma, Inc		194,351
	233,772	*,e	Pacific Biosciences of California, Inc		871,970
	66,873	*	Pacira BioSciences Inc		3,518,189
	64,626	*,e	Paratek Pharmaceuticals, Inc		282,416
	21,654	*	Passage Bio, Inc		338,669
	171,926	*	PDL BioPharma, Inc		546,725
	29,268	*	Personalis, Inc		509,556
	58,791	*	Pfenex, Inc		416,828
	35,054	*,e	PhaseBio Pharmaceuticals Inc		140,216
	18,300	*	Phathom Pharmaceuticals, Inc		608,658
	32,782		Phibro Animal Health Corp		760,378
	77,933	*	Pieris Pharmaceuticals, Inc		200,288
	72,906	*	Precision BioSciences Inc		463,682
	80,684	*	Prestige Consumer Healthcare, Inc.		3,000,638
	21,645	*	Prevail Therapeutics, Inc		324,026
	48,027	*	Principia Biopharma, Inc		4,015,057
	137,717	*,†	Progenics Pharmaceuticals, Inc		0
	36,060	*	Protagonist Therapeutics, Inc		567,224
	49,272	*	Prothena Corp plc		603,089
	67,783	*,e	Provention Bio, Inc		704,265
	99,882	*	PTC Therapeutics, Inc		4,627,533
	52,255	*	Puma Biotechnology, Inc		538,749
	30,226	*	Quanterix Corp		976,602
	73,857	*	Radius Health, Inc		926,905
	17,482	*	RAPT Therapeutics, Inc		377,611
	33,131	*	Recro Pharma, Inc		135,506
	54,287	*	REGENXBIO, Inc		1,796,900
	22,474	*,e	Relmada Therapeutics, Inc		817,379
	27,464	*	Replimune Group, Inc		548,456
	65,488	*	Retrophin, Inc		1,301,901
	90,860	*,e	Revance Therapeutics, Inc		2,133,393
	23,935	*	REVOLUTION Medicines, Inc		577,312
	53,566	*	Rhythm Pharmaceuticals, Inc		1,029,539
	256,796	*	Rigel Pharmaceuticals, Inc		590,631

256

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	55,090	*	Rocket Pharmaceuticals, Inc	$	1,296,268
	53,789	*,e	Rubius Therapeutics, Inc		264,104
	189,249	*,e	Sangamo Therapeutics Inc		2,049,567
	14,708	*	Satsuma Pharmaceuticals, Inc		347,256
	36,215	*	Scholar Rock Holding Corp		408,867
	22,178	*,e	Schrodinger, Inc		1,605,244
	8,929	*	scPharmaceuticals, Inc		66,968
	108,559	*,e	Selecta Biosciences, Inc		258,370
	67,691	*,e	Seres Therapeutics, Inc		253,164
	96,294	*	SIGA Technologies, Inc		618,207
	53,975	*,e	Soleno Therapeutics, Inc		92,837
	31,226	*,e	Solid Biosciences, Inc		82,124
	290,990	*,e	Sorrento Therapeutics, Inc		2,595,631
	172,634	*	Spectrum Pharmaceuticals, Inc		516,176
	23,276	*	Spero Therapeutics, Inc		272,329
	33,754	*	SpringWorks Therapeutics, Inc		1,438,933
	19,478	*	Stoke Therapeutics, Inc		490,651
	52,657	*	Strongbridge Biopharma plc		177,454
	78,260	*	Supernus Pharmaceuticals, Inc		1,742,459
	26,883	*	Sutro Biopharma, Inc		208,881
	43,145	*	Syndax Pharmaceuticals, Inc		608,776
	66,295	*,e	Syros Pharmaceuticals, Inc		629,140
	26,024	*	TCR2 Therapeutics Inc		435,902
	157,556	*	TG Therapeutics, Inc		3,084,946
	402,116	*,e	TherapeuticsMD, Inc		743,915
	73,678	*	Theravance Biopharma, Inc		1,430,827
	80,676	*	Translate Bio, Inc		1,225,468
	45,266	*	Tricida, Inc		605,659
	45,079	*	Turning Point Therapeutics Inc		2,670,029
	49,164	*	Twist Bioscience Corp		2,755,151
	89,629	*,e	Tyme Technologies, Inc		106,659
	91,496	*,e	Ultragenyx Pharmaceutical, Inc		7,151,327
	50,989	*	UNITY Biotechnology, Inc		480,826
	32,317	*,e	UroGen Pharma Ltd		713,883
	85,753	*	Vanda Pharmaceuticals, Inc		864,390
	71,572	*	Vaxart, Inc		672,061
	274,344	*,e	VBI Vaccines, Inc		1,116,580
	79,682	*	Veracyte, Inc		2,842,257
	261,466	*,e	Verastem, Inc		350,364
	71,338	*	Vericel Corp		1,176,364
	19,843	*	Verrica Pharmaceuticals, Inc		130,170
	19,481	*,e	Versartis, Inc		114,743
	33,477	*	Viela Bio, Inc		1,225,593
	106,890	*,e	Viking Therapeutics, Inc		750,368
	75,474	*	Vir Biotechnology, Inc		3,604,638
	38,785	*	Voyager Therapeutics, Inc		429,350
	30,865	*,e	vTv Therapeutics, Inc		72,533
	33,823	*,e	WaVe Life Sciences Ltd		296,966
	25,626	*,e	X4 Pharmaceuticals, Inc		190,145
	25,349	*,e	XBiotech, Inc		368,574
	88,500	*	Xencor, Inc		2,662,965
	72,369	*,e	Xeris Pharmaceuticals, Inc		206,975
	9,763	*,e	XOMA Corp		163,042
	47,708	*	Y-mAbs Therapeutics, Inc		1,675,982
	16,485	*	Zentalis Pharmaceuticals, Inc		568,733
	339,984	*,e	ZIOPHARM Oncology, Inc		1,009,752

257

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	88,890	*	Zogenix, Inc	$	2,114,693
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		372,772,435
REAL ESTATE - 6.9%
	137,949		Acadia Realty Trust		1,660,906
	86,152		Agree Realty Corp		5,769,599
	114,624		Alexander & Baldwin, Inc		1,354,856
	3,513		Alexander’s, Inc		884,538
	10,845		Alpine Income Property Trust, Inc		152,264
	8,515	*,e	Altisource Portfolio Solutions S.A.		114,356
	79,968		American Assets Trust, Inc		2,159,136
	177,135		American Finance Trust, Inc		1,293,971
	2,523	*,e	American Realty Investors, Inc		23,313
	90,404		Armada Hoffler Properties, Inc		871,495
	36,499		Bluerock Residential Growth REIT, Inc		264,253
	15,565		Brt Realty Trust		160,631
	153,176		CareTrust REIT, Inc		2,760,232
	74,012		CatchMark Timber Trust, Inc		722,357
	74,176		Chatham Lodging Trust		386,457
	18,535		CIM Commercial Trust Corp		189,057
	82,261		City Office REIT, Inc		711,558
	24,541		Clipper Realty, Inc		163,934
	775,341		Colony Capital, Inc		1,488,655
	187,695		Columbia Property Trust, Inc		2,244,832
	33,643		Community Healthcare Trust, Inc		1,538,494
	195,673		CoreCivic, Inc		1,743,446
	19,767		CorEnergy Infrastructure Trust, Inc		173,159
	61,306		CorePoint Lodging, Inc		342,701
	7,444		CTO Realty Growth, Inc		295,080
	181,247	*	Cushman & Wakefield plc		1,939,343
	314,567		DiamondRock Hospitality Co		1,453,300
	389,997		Diversified Healthcare Trust		1,519,038
	120,477		Easterly Government Properties, Inc		2,945,663
	62,531		EastGroup Properties, Inc		8,295,362
	145,700		Essential Properties Realty Trust, Inc		2,345,770
	38,462	*,e	eXp World Holdings Inc		764,240
	49,495		Farmland Partners, Inc		342,010
	25,523	*	Forestar Group, Inc		441,803
	112,076		Four Corners Property Trust, Inc		2,824,315
	171,849		Franklin Street Properties Corp		902,207
	79,966		Front Yard Residential Corp		693,305
	11,977	*	FRP Holdings, Inc		468,540
	188,853		Geo Group, Inc		2,007,507
	54,641		Getty Realty Corp		1,619,013
	48,994		Gladstone Commercial Corp		891,691
	31,354		Gladstone Land Corp		504,172
	65,481		Global Medical REIT, Inc		778,569
	143,048		Global Net Lease, Inc		2,381,749
	4,142		Griffin Land & Nurseries, Inc (Class A)		203,786
	218,145		Healthcare Realty Trust, Inc		6,391,648
	66,368		Hersha Hospitality Trust		315,912
	151,141		Independence Realty Trust, Inc		1,738,121
	104,247		Industrial Logistics Properties Trust		2,200,654
	26,883		Innovative Industrial Properties, Inc		2,802,015
	19,439		Investors Real Estate Trust		1,405,440
	117,730		iStar Inc		1,366,845

258

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	35,910		Jernigan Capital, Inc	$	503,099
	199,071		Kennedy-Wilson Holdings, Inc		2,954,214
	134,935		Kite Realty Group Trust		1,331,808
	414,195		Lexington Realty Trust		4,804,662
	62,698		LTC Properties, Inc		2,329,231
	226,509		Macerich Co		1,728,264
	145,142		Mack-Cali Realty Corp		2,092,948
	38,016	*	Marcus & Millichap, Inc		1,035,556
	14,335	*	Maui Land & Pineapple Co, Inc		149,227
	151,199		Monmouth Real Estate Investment Corp (Class A)		2,181,802
	69,770		National Health Investors, Inc		4,325,740
	101,404		National Storage Affiliates Trust		3,125,271
	123,100		New Senior Investment Group, Inc		418,540
	227,748		Newmark Group, Inc		926,934
	34,419		NexPoint Residential Trust, Inc		1,315,838
	76,479		Office Properties Income Trust		1,923,447
	26,829		One Liberty Properties, Inc		455,288
	207,840		Pebblebrook Hotel Trust		2,203,104
	329,107		Physicians Realty Trust		5,937,090
	204,904		Piedmont Office Realty Trust, Inc		3,321,494
	23,250		Plymouth Industrial REIT, Inc		308,527
	105,770		PotlatchDeltic Corp		4,528,014
	75,735		Preferred Apartment Communities, Inc		547,564
	32,568		PS Business Parks, Inc		4,492,756
	96,824		QTS Realty Trust, Inc		6,966,487
	14,630	*	Rafael Holdings, Inc		204,381
	28,655		Re/Max Holdings, Inc		927,562
	187,838	e	Realogy Holdings Corp		1,701,812
	154,798	*	Redfin Corp		6,436,501
	183,621		Retail Opportunities Investment Corp		1,995,960
	342,110		Retail Properties of America, Inc		2,175,820
	25,117		Retail Value, Inc		317,981
	266,137		RLJ Lodging Trust		2,131,757
	24,169		RMR Group, Inc		695,100
	122,235		RPT Realty		760,302
	80,730		Ryman Hospitality Properties		2,584,975
	332,262		Sabra Healthcare REIT, Inc		4,897,542
	28,782		Safehold, Inc		1,451,476
	19,029		Saul Centers, Inc		584,381
	58,305	*	Seritage Growth Properties		542,820
	261,804		Service Properties Trust		1,754,087
	244,356		SITE Centers Corp		1,791,129
	55,884	*	St. Joe Co		1,151,769
	242,738		STAG Industrial, Inc		7,913,259
	6,780	*	Stratus Properties, Inc		129,498
	163,286		Summit Hotel Properties, Inc		845,821
	342,549		Sunstone Hotel Investors, Inc		2,562,267
	147,976		Tanger Factory Outlet Centers, Inc		951,486
	33,212	*	Tejon Ranch Co		476,592
	107,925		Terreno Realty Corp		6,557,523
	1,971	*	Transcontinental Realty Investors, Inc		46,319
	55,707		UMH Properties, Inc		685,196
	315,523		Uniti Group, Inc		3,123,678
	20,674		Universal Health Realty Income Trust		1,438,497
	184,970		Urban Edge Properties		1,938,486
	45,289		Urstadt Biddle Properties, Inc (Class A)		444,285

259

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	133,555		Washington REIT	$	2,986,290
	62,101		Whitestone REIT		409,867
	182,632		Xenia Hotels & Resorts, Inc		1,453,751
			TOTAL REAL ESTATE		200,986,373
RETAILING - 3.9%
	42,263	*	1-800-FLOWERS.COM, Inc (Class A)		1,193,930
	108,972		Aaron’s, Inc		5,686,159
	102,501		Abercrombie & Fitch Co (Class A)		987,085
	240,223	e	American Eagle Outfitters, Inc		2,402,230
	10,101	*	America’s Car-Mart, Inc		961,211
	30,733	*	Asbury Automotive Group, Inc		3,077,910
	76,514	*,e	At Home Group, Inc		950,304
	202,524	e	Bed Bath & Beyond, Inc		2,191,310
	62,460		Big Lots, Inc		2,457,176
	220,752	*	BJ’s Wholesale Club Holdings, Inc		8,841,118
	46,951	*	Boot Barn Holdings, Inc		908,971
	46,968	e	Buckle, Inc		752,897
	61,378		Caleres, Inc		387,295
	53,829	e	Camping World Holdings, Inc		1,971,218
	33,420	*,e	CarParts.com, Inc		459,358
	34,028		Cato Corp (Class A)		244,661
	191,671		Chico’s FAS, Inc		243,422
	23,561	e	Children’s Place, Inc		575,124
	19,023		Citi Trends, Inc		327,576
	31,045	*,e	Conn’s, Inc		309,208
	25,312	*,e	Container Store Group, Inc		87,326
	73,283		Core-Mark Holding Co, Inc		1,943,465
	99,388		Designer Brands, Inc		587,383
	15,241	e	Dillard’s, Inc (Class A)		358,926
	14,307	*,e	Duluth Holdings, Inc		105,729
	17,689	*	Envela Corp		74,825
	96,450	*,e	Express Parent LLC		97,415
	34,348	*,e	Funko, Inc		190,288
	101,442	*,e	GameStop Corp (Class A)		406,782
	25,864	*	Genesco, Inc		402,185
	29,362	*	Greenlane Holdings Inc		113,337
	27,358	e	Group 1 Automotive, Inc		2,298,619
	36,087	*	Groupon, Inc		553,935
	45,467	*	GrowGeneration Corp		383,742
	69,616		Guess?, Inc		719,829
	28,941		Haverty Furniture Cos, Inc		411,541
	29,203	*	Hibbett Sports, Inc		677,218
	58,761	*	Hudson Ltd		257,373
	24,937	*	Lands’ End, Inc		214,957
	41,683	*	Liquidity Services, Inc		214,667
	35,681		Lithia Motors, Inc (Class A)		8,176,301
	46,886	*	Lumber Liquidators, Inc		1,046,496
	498,280	e	Macy’s, Inc		3,019,577
	34,654	*	MarineMax, Inc		961,302
	118,852	*,e	Michaels Cos, Inc		853,357
	53,010		Monro Muffler, Inc		2,984,463
	44,569	*	Murphy USA, Inc		5,901,381
	130,455	*	National Vision Holdings, Inc		4,173,255
	83,242	*	ODP Corp		1,837,151
	7,306	*	OneWater Marine, Inc		182,650

260

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	66,550	*	Overstock.com, Inc	$	5,030,515
	30,325	e	PetMed Express, Inc		946,140
	136,743	*	Quotient Technology, Inc		1,095,311
	99,379	*	RealReal, Inc		1,355,530
	77,999		Rent-A-Center, Inc		2,255,731
	26,956	*	RH		7,747,963
	180,915	*,e	Sally Beauty Holdings, Inc		2,100,423
	15,076	e	Shoe Carnival, Inc		370,116
	30,305		Shutterstock, Inc		1,646,774
	81,147	e	Signet Jewelers Ltd		871,519
	43,146	*	Sleep Number Corp		2,006,289
	37,819	e	Sonic Automotive, Inc (Class A)		1,441,660
	72,201	*	Sportsman’s Warehouse Holdings, Inc		1,161,714
	26,710	*	Stamps.com, Inc		6,952,079
	92,399	*,e	Stitch Fix Inc		2,046,638
	33,883		Tilly’s, Inc		203,637
	109,827	*	Urban Outfitters, Inc		1,816,539
	120,458	*,e	Waitr Holdings Inc		643,246
	10,368		Weyco Group, Inc		190,979
	4,686		Winmark Corp		744,980
	33,574	*	Zumiez, Inc		775,559
			TOTAL RETAILING		115,566,980
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.1%
	62,894	*	Acacia Communications, Inc		4,275,534
	61,547	*	Advanced Energy Industries, Inc		4,528,013
	30,592	*	Alpha & Omega Semiconductor Ltd		333,147
	52,703	*	Ambarella, Inc		2,386,392
	162,228	*	Amkor Technology, Inc		2,205,490
	23,018	*	Atomera, Inc		244,912
	50,993	*	Axcelis Technologies, Inc		1,500,214
	67,772	*	AXT, Inc		324,628
	117,314		Brooks Automation, Inc		6,387,747
	46,883		Cabot Microelectronics Corp		7,066,206
	35,922	*	Ceva, Inc		1,444,064
	16	*,†	China Energy Savings Technology, Inc		0
	66,574		Cohu, Inc		1,253,588
	11,110	*	CyberOptics Corp		437,178
	69,063	*	Diodes, Inc		3,553,291
	35,872	*	DSP Group, Inc		532,699
	121,692	*	Formfactor, Inc		3,509,597
	22,115	*	GSI Technology, Inc		126,498
	36,068	*	Ichor Holdings Ltd		1,183,752
	26,883	*,e	Impinj, Inc		634,439
	216,984	*	Lattice Semiconductor Corp		6,746,033
	76,916	*	MACOM Technology Solutions Holdings, Inc		3,250,470
	107,236	*	MaxLinear, Inc		2,718,433
	76,490	*	Nanometrics, Inc		2,892,852
	77,072	*	NeoPhotonics Corp Ltd		702,126
	7,060		NVE Corp		382,934
	44,830	*	PDF Solutions, Inc		1,101,921
	101,378	*	Photronics, Inc		1,204,371
	60,732	*	Pixelworks, Inc		193,735
	47,578		Power Integrations, Inc		5,805,943
	180,450	*	Rambus, Inc		2,663,442
	104,142	*	Semtech Corp		5,803,834

261

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	69,980	*	Silicon Laboratories, Inc	$	7,033,690
	9,077	*	SiTime Corp		482,443
	23,200	*	SMART Global Holdings, Inc		647,048
	124,441	*,e	SunPower Corp		1,161,035
	54,809	*,e	Synaptics, Inc		4,385,816
	63,738	*	Ultra Clean Holdings		1,917,876
	79,291	*	Veeco Instruments, Inc		1,072,014
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		92,093,405
SOFTWARE & SERVICES - 7.7%
	162,022	*	8x8, Inc		2,576,150
	98,299	*	A10 Networks, Inc		794,256
	184,919	*	ACI Worldwide, Inc		4,953,980
	73,224	*	Alarm.com Holdings, Inc		5,128,609
	68,649	*,e	Altair Engineering, Inc		2,766,555
	47,226		American Software, Inc (Class A)		777,812
	25,828	*	Appfolio, Inc		3,595,774
	53,612	*,e	Appian Corp		2,727,242
	21,628	*,e	Asure Software, Inc		139,501
	152,769	*	Avaya Holdings Corp		1,934,056
	46,182	*	Benefitfocus, Inc		540,791
	79,923		Blackbaud, Inc		4,998,384
	81,010	*	Blackline, Inc		7,202,599
	68,898	*	Bottomline Technologies, Inc		3,325,018
	238,473	*	Box, Inc		4,280,590
	65,364	*	Brightcove, Inc		691,551
	59,108	*	Cardtronics plc		1,319,882
	22,628		Cass Information Systems, Inc		810,761
	60,308	*	Cerence Inc		2,391,815
	41,887	*	ChannelAdvisor Corp		853,238
	332,014	*	Cloudera, Inc		3,741,798
	67,143	*	Commvault Systems, Inc		2,959,663
	279,960	*	Conduent, Inc		534,724
	96,589	*	Cornerstone OnDemand, Inc		3,429,875
	53,205		CSG Systems International, Inc		2,241,527
	17,755	*,e	Digimarc Corp		249,635
	131,426	*	Digital Turbine, Inc		1,824,193
	40,672	*	Domo, Inc		1,308,825
	42,074	e	Ebix, Inc		927,942
	37,794	*	eGain Corp		374,539
	125,770	*	Endurance International Group Holdings, Inc		713,116
	85,647	*	Envestnet, Inc		6,954,536
	96,065		EVERTEC, Inc		2,982,818
	64,872	*	Evo Payments, Inc		1,471,946
	53,485	*	ExlService Holdings, Inc		3,426,249
	76,630	*	ForeScout Technologies, Inc		2,221,504
	22,843		GlobalSCAPE, Inc		217,694
	99,322	*	GreenSky, Inc		560,673
	51,998	*,e	GTT Communications, Inc		327,587
	78,822	*,e	GTY Technology Holdings Inc		256,172
	41,876		Hackett Group, Inc		577,470
	25,130	*,e	I3 Verticals, Inc		607,643
	77,784	*	Information Services Group, Inc		159,457
	12,668	*,e	Intelligent Systems Corp		384,094
	28,011	*	International Money Express Inc		377,588
	74,638	*	j2 Global, Inc		4,233,467

262

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	230,014		KBR, Inc	$	5,115,511
	185,536	*,e	Limelight Networks, Inc		1,163,311
	97,483	*,e	Liveperson, Inc		4,189,819
	105,380	*	LiveRamp Holdings, Inc		4,802,167
	7,084	*	Majesco		92,446
	43,258		Mantech International Corp (Class A)		3,009,892
	98,606		MAXIMUS, Inc		7,317,551
	12,853	*	MicroStrategy, Inc (Class A)		1,592,744
	91,574	*	Mimecast Ltd		4,297,568
	66,776	*	Mitek Systems, Inc		685,122
	150,671	*	MobileIron, Inc		938,680
	54,640	*	Model N, Inc		2,101,454
	98,832	*,e	MoneyGram International, Inc		343,935
	105,935		NIC, Inc		2,322,095
	53,118	*	OneSpan, Inc		1,654,095
	19,678	*	Park City Group, Inc		85,993
	49,246	*,e	Paysign Inc		459,958
	51,965	*	Perficient, Inc		2,037,548
	224,483		Perspecta, Inc		4,803,936
	22,038	*	PFSweb, Inc		174,761
	40,304	*	Ping Identity Holding Corp		1,384,845
	9,815	*	Priority Technology Holdings Inc		21,593
	72,578		Progress Software Corp		2,530,069
	62,541	*	PROS Holdings, Inc		2,040,713
	79,955	*	Q2 Holdings, Inc		7,519,768
	19,332		QAD, Inc (Class A)		763,807
	54,916	*	Qualys, Inc		6,781,028
	80,262	*	Rapid7, Inc		4,781,207
	58,436	*	Repay Holdings Corp		1,293,189
	28,270	*	Rimini Street, Inc		149,548
	37,329	*	Rosetta Stone, Inc		999,297
	142,930	*	SailPoint Technologies Holding, Inc		4,502,295
	40,743	e	Sapiens International Corp NV		1,245,106
	47,717	*	Seachange International, Inc		74,916
	13,501	*,e	SecureWorks Corp		161,472
	139,051	*,e	ServiceSource International LLC		216,920
	14,412	*,e	ShotSpotter, Inc		332,052
	53,444	*	Smith Micro Software, Inc		220,724
	14,821	*,e	Sprout Social, Inc		428,179
	56,906	*	SPS Commerce, Inc		4,277,624
	23,516	*	StarTek, Inc		114,758
	192,942	*	SVMK, Inc		4,626,749
	62,618	*	Sykes Enterprises, Inc		1,719,490
	65,367	*	Synchronoss Technologies, Inc		215,711
	51,965	*,e	TeleNav, Inc		269,439
	99,297	*	Tenable Holdings, Inc		3,369,147
	28,818		TTEC Holdings, Inc		1,367,702
	15,407	*,e	Tucows, Inc		932,278
	98,608	*	Unisys Corp		1,172,449
	36,954	*	Upland Software, Inc		1,271,957
	147,883	*	Upwork, Inc		2,221,203
	50,432	*	Varonis Systems, Inc		5,464,307
	102,005	*	Verint Systems, Inc		4,579,004
	36,684	*,e	Veritone, Inc		415,263
	213,177	*	Verra Mobility Corp		2,180,801
	106,522	e	VirnetX Holding Corp		550,719

263

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	46,931	*	Virtusa Corp	$	1,905,399
	61,208	*	Workiva, Inc		3,421,527
	175,697		Xperi Holding Corp		3,239,853
	161,110	*	Yext, Inc		2,709,870
	92,357	*	Zix Corp		657,120
	155,719	*	Zuora Inc		1,812,569
			TOTAL SOFTWARE & SERVICES		226,003,552
TECHNOLOGY HARDWARE & EQUIPMENT - 3.4%
	186,107	*,e	3D Systems Corp		1,226,445
	79,951		Adtran, Inc		992,991
	32,738	*	Agilysys, Inc		686,189
	49,085	*,e	Akoustis Technologies, Inc		389,735
	28,363	*,e	Applied Optoelectronics, Inc		403,038
	140,570	*	Arlo Technologies, Inc		593,205
	50,282	*	Avid Technology, Inc		413,821
	46,592		Badger Meter, Inc		2,916,659
	16,559		Bel Fuse, Inc (Class B)		202,020
	70,342		Belden CDT, Inc		2,222,807
	58,864		Benchmark Electronics, Inc		1,198,471
	55,850	*	CalAmp Corp		440,098
	76,812	*	Calix, Inc		1,575,414
	6,912	*	Cambium Networks Corp		83,635
	50,054	*	Casa Systems, Inc		280,803
	18,621	*	Clearfield, Inc		347,095
	36,907		Comtech Telecommunications Corp		606,013
	52,925		CTS Corp		1,051,091
	55,737		Daktronics, Inc		232,423
	23,195	*	DASAN Zhone Solutions, Inc		234,501
	120,049	*	Diebold, Inc		836,742
	43,266	*	Digi International, Inc		524,384
	34,563	*,e	Eastman Kodak Co		755,202
	21,732	*	ePlus, Inc		1,619,903
	185,197	*	Extreme Networks, Inc		842,646
	58,838	*	Fabrinet		4,273,404
	28,206	*	FARO Technologies, Inc		1,687,565
	391,507	*	Fitbit, Inc		2,560,456
	151,436	*	Harmonic, Inc		845,013
	160,240	*	II-VI, Inc		8,127,373
	28,576	*	Immersion Corp		192,888
	248,173	*	Infinera Corp		1,958,085
	108,427	*,e	Inseego Corp		1,461,596
	55,241	*	Insight Enterprises, Inc		2,753,211
	25,535	*	Intellicheck, Inc		186,916
	50,026		InterDigital, Inc		3,002,561
	37,124	*	Intevac, Inc		219,774
	60,654	*	Iteris, Inc		281,435
	63,916	*	Itron, Inc		4,445,997
	36,276	*	Kimball Electronics, Inc		481,745
	140,988	*	Knowles Corp		2,151,477
	25,893	*	KVH Industries, Inc		210,251
	46,474	*	Luna Innovations, Inc		263,508
	58,758		Methode Electronics, Inc		1,656,976
	31,027		MTS Systems Corp		575,551
	20,217	*	Napco Security Technologies, Inc		533,324
	47,918	*	Netgear, Inc		1,473,479

264

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	115,052	*	Netscout Systems, Inc	$	2,929,224
	55,985	*	nLight, Inc		1,297,172
	55,204	*	Novanta, Inc		5,723,551
	26,300	*	OSI Systems, Inc		1,866,248
	94,083	*,e	PAE, Inc		741,374
	25,673	*,e	PAR Technology Corp		789,701
	18,106		PC Connection, Inc		791,232
	28,122		PC-Tel, Inc		184,199
	56,183	e	Plantronics, Inc		1,123,098
	46,246	*	Plexus Corp		3,435,615
	43,785	*	Powerfleet, Inc		196,157
	46,851	*,e	Quantum Corp		203,802
	42,424	*,e	Research Frontiers, Inc		143,393
	79,331	*,e	Resonant, Inc		218,954
	107,445	*	Ribbon Communications, Inc		472,758
	29,927	*	Rogers Corp		3,566,999
	107,912	*	Sanmina Corp		3,202,828
	40,648	*	Scansource, Inc		932,872
	73,279	*	Super Micro Computer, Inc		2,220,720
	157,993	*	TTM Technologies, Inc		1,944,894
	369,119	*	Viavi Solutions, Inc		5,104,916
	216,155		Vishay Intertechnology, Inc		3,391,472
	19,714	*	Vishay Precision Group, Inc		501,721
	18,866	*,e	Wrap Technologies Inc		184,887
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		101,185,703
TELECOMMUNICATION SERVICES - 1.2%
	80,292		Alaska Communications Systems Group, Inc		183,066
	21,239	*	Anterix, Inc		925,596
	18,247		ATN International, Inc		1,051,575
	31,123	*	Bandwidth Inc		4,505,988
	71,531	*	Boingo Wireless, Inc		1,033,623
	81,817	*	Cincinnati Bell, Inc		1,228,073
	68,636		Cogent Communications Group, Inc		6,184,790
	120,307	*	Consolidated Communications Holdings, Inc		878,241
	104,024	*,e	Gogo, Inc		302,710
	24,167	*	IDT Corp (Class B)		157,327
	190,070	*	Iridium Communications, Inc		5,206,017
	72,105	*	Liberty Latin America Ltd (Class A)		741,240
	178,284	*	Liberty Latin America Ltd (Class C)		1,823,845
	31,695	*	Ooma, Inc		479,862
	109,657	*	ORBCOMM, Inc		461,656
	78,166		Shenandoah Telecom Co		3,929,405
	31,498		Spok Holdings, Inc		315,610
	376,012	*	Vonage Holdings Corp		4,493,343
			TOTAL TELECOMMUNICATION SERVICES		33,901,967
TRANSPORTATION - 1.4%
	95,378	*	Air Transport Services Group, Inc		2,324,362
	21,074		Allegiant Travel Co		2,360,920
	39,391		ArcBest Corp		1,197,093
	40,933	*	Atlas Air Worldwide Holdings, Inc		2,131,791
	84,106	*,e	Avis Budget Group, Inc		2,178,345
	78,992		Costamare, Inc		359,414
	19,684	*	Covenant Transportation Group, Inc		331,675
	69,771	*,e	Daseke, Inc		290,945

265

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	71,377	*,e	Eagle Bulk Shipping, Inc	$	173,446
	43,250	*	Echo Global Logistics, Inc		1,084,061
	45,533		Forward Air Corp		2,367,261
	34,315		Genco Shipping & Trading Ltd		232,999
	72,314		Hawaiian Holdings, Inc		859,814
	73,441		Heartland Express, Inc		1,489,751
	110,000	*	Hertz Global Holdings, Inc		159,500
	52,107	*	Hub Group, Inc (Class A)		2,756,460
	64,005		Marten Transport Ltd		1,703,813
	70,363		Matson, Inc		2,562,621
	53,824	*	Mesa Air Group, Inc		166,854
	2,640	*	PAM Transportation Services, Inc		74,078
	17,188		Park-Ohio Holdings Corp		247,851
	56,933	*	Radiant Logistics, Inc		241,965
	73,761	*	Safe Bulkers, Inc		98,102
	42,541	*	Saia, Inc		5,081,522
	8,571	e	Scorpio Bulkers, Inc		125,651
	78,219		Skywest, Inc		2,057,942
	141,955	*,e	Spirit Airlines, Inc		2,244,309
	11,955		Universal Logistics Holdings Inc		219,613
	37,863	*	US Xpress Enterprises, Inc		346,825
	97,307		Werner Enterprises, Inc		4,280,048
			TOTAL TRANSPORTATION		39,749,031
UTILITIES - 3.4%
	83,914		Allete, Inc		4,976,100
	59,659		American States Water Co		4,586,584
	13,672		Artesian Resources Corp		479,614
	166,433	*,e	Atlantic Power Corp		326,209
	107,344		Avista Corp		3,985,683
	101,492		Black Hills Corp		5,872,327
	51,808	e	Brookfield Infrastructure Corp		2,364,517
	68,500	*	Brookfield Renewable Corp		3,078,390
	32,021	*,e	Cadiz, Inc		340,063
	77,659		California Water Service Group		3,639,877
	26,208		Chesapeake Utilities Corp		2,214,314
	56,458		Clearway Energy, Inc (Class A)		1,293,453
	128,568		Clearway Energy, Inc (Class C)		3,155,059
	21,344		Consolidated Water Co, Inc		261,891
	27,154		Genie Energy Ltd		220,762
	17,733		Global Water Resources, Inc		184,246
	56,114		MGE Energy, Inc		3,722,042
	27,861		Middlesex Water Co		1,784,776
	153,536		New Jersey Resources Corp		4,768,828
	48,534		Northwest Natural Holding Co		2,596,084
	81,781		NorthWestern Corp		4,600,999
	84,542		ONE Gas, Inc		6,399,829
	64,855		Ormat Technologies, Inc		3,858,872
	63,782		Otter Tail Corp		2,439,661
	128,540		PNM Resources, Inc		5,428,244
	145,160		Portland General Electric Co		6,405,911
	29,806	*	Pure Cycle Corp		269,148
	13,938		RGC Resources, Inc		323,362
	42,061		SJW Corp		2,627,130
	150,673		South Jersey Industries, Inc		3,515,201
	89,006		Southwest Gas Holdings Inc		6,198,378

266

TIAA-CREF FUNDS - Small-Cap Blend Index Fund

SHARES			COMPANY	VALUE
	20,201		Spark Energy, Inc	$	152,517
	81,022		Spire, Inc		4,995,816
	54,499	*	Sunnova Energy International, Inc		1,363,020
	23,438		Unitil Corp		1,011,350
	21,070		York Water Co		975,752
			TOTAL UTILITIES		100,416,009
			TOTAL COMMON STOCKS		2,927,553,859
			(Cost $2,693,024,745)
RIGHTS / WARRANTS - 0.0%
HEALTH CARE EQUIPMENT & SERVICES - 0.0%
	495		Pulse Biosciences, Inc		0
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		0
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		3,650
			(Cost $561)
SHORT-TERM INVESTMENTS - 6.3%
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 6.3%
	185,947,962	c	State Street Navigator Securities Lending Government Money Market Portfolio		185,947,962
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES		185,947,962

TOTAL SHORT-TERM INVESTMENTS		185,947,962
(Cost $185,947,962)
TOTAL INVESTMENTS - 106.1%		3,113,505,471
(Cost $2,878,973,268)
OTHER ASSETS & LIABILITIES, NET - (6.1)%		(179,960,045	)
NET ASSETS - 100.0%	$	2,933,545,426

	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.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $215,330,117.
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 7/31/2020, the aggregate value of these securities is $3,190,569 or 0.1% of net assets.

267

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 99.6%
ARGENTINA - 0.1%
	19,546	*	Globant S.A.	$	3,380,285
	47,900		Telecom Argentina S.A. (ADR) (Class B)		417,688
	123,000	*	YPF S.A. (ADR) (Class D)		766,290
			TOTAL ARGENTINA		4,564,263
BRAZIL - 5.4%
	2,475,697		AMBEV S.A.		6,596,733
	212,000		Atacadao Distribuicao Comercio e Industria Ltd		911,959
	115,075	*	B2W Companhia Global Do Varejo		2,632,151
	1,065,982		B3 SA-Brasil Bolsa Balcao		12,963,721
	664,724		Banco Bradesco S.A.		2,641,541
	2,301,265		Banco Bradesco S.A. (Preference)		9,899,337
	108,200		Banco BTG Pactual S.A. - Unit		1,792,496
	454,583		Banco do Brasil S.A.		2,926,244
	2,571,453		Banco Itau Holding Financeira S.A.		13,255,192
	233,774		Banco Santander Brasil S.A.		1,339,488
	352,848		BB Seguridade Participacoes S.A.		1,882,424
	441,539		BR Malls Participacoes S.A.		837,955
	100,115		Braskem S.A.		437,573
	327,305	*	BRF S.A.		1,298,792
	169,325		Centrais Eletricas Brasileiras S.A.		1,199,043
	145,892		Centrais Eletricas Brasileiras S.A. (Preference)		1,075,337
	94,557		Cia Brasileira de Distribuicao		1,286,971
	624,956		Cia de Concessoes Rodoviarias		1,792,246
	177,858		Cia de Saneamento Basico do Estado de Sao Paulo		2,074,678
	533,291		Cia Energetica de Minas Gerais		1,226,767
	54,700		Cia Paranaense de Energia		696,051
	364,430		Cia Siderurgica Nacional S.A.		855,789
	778,194		Cielo S.A.		801,085
	936,549		Cogna Educacao		1,486,543
	72,036		Cosan SA Industria e Comercio		1,248,345
	119,600		CPFL Energia S.A.		719,909
	93,600		Energisa S.A.		881,893
	119,825		Engie Brasil Energia S.A.		1,060,532
	497,900		Equatorial Energia S.A.		2,436,742
	571,175		Gerdau S.A. (Preference)		1,910,650
	118,300	g	Hapvida Participacoes e Investimentos S.A.		1,477,233
	214,282		Hypermarcas S.A.		1,483,714
	2,300,832		Investimentos Itau S.A. - PR		4,706,152
	499,143		IRB Brasil Resseguros S		762,605
	606,964		JBS S.A.		2,506,255
	392,833		Klabin S.A.		1,555,804
	318,206		Localiza Rent A Car		3,106,085
	478,688		Lojas Americanas S.A. (Preference)		3,129,130
	392,139		Lojas Renner S.A.		3,091,828

268

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	382,440		Magazine Luiza S.A.	$	5,917,078
	130,107		Multiplan Empreendimentos Imobiliarios S.A.		527,257
	396,970		Natura & Co Holding S.A.		3,579,659
	245,500		Notre Dame Intermedica Participacoes S.A.		3,141,843
	364,727		Petrobras Distribuidora S.A.		1,587,122
	1,989,516		Petroleo Brasileiro S.A.		8,657,449
	2,583,168		Petroleo Brasileiro S.A. (Preference)		10,993,153
	41,312		Porto Seguro S.A.		427,886
	119,383		Raia Drogasil S.A.		2,840,082
	562,127	*	Rumo S.A.		2,394,391
	158,836		Sul America S.A.		1,543,738
	280,284	*	Suzano Papel e Celulose S.A.		2,256,650
	234,521		Telefonica Brasil S.A.		2,366,992
	416,266		Tim Participacoes S.A.		1,256,806
	390,860		Ultrapar Participacoes S.A.		1,419,116
	1,955,059		Vale S.A.		22,752,898
	439,917		Weg S.A.		5,679,694
			TOTAL BRAZIL		179,328,807
CHILE - 0.6%
	1,519,194		Aguas Andinas S.A.		534,064
	22,254,220		Banco de Chile		2,136,471
	22,968		Banco de Credito e Inversiones		819,137
	33,869,125		Banco Santander Chile S.A.		1,474,107
	257,747		Cencosud Shopping S.A.		478,343
	749,568		Centros Comerciales Sudamericanos S.A.		1,305,947
	80,934		Cia Cervecerias Unidas S.A.		628,712
	3,490,151		Colbun S.A.		631,543
	207,594		Embotelladora Andina S.A.		521,001
	97,263		Empresa Nacional de Telecomunicaciones S.A.		693,532
	634,055		Empresas CMPC S.A.		1,404,526
	212,005		Empresas COPEC S.A.		1,730,630
	13,069,567		Enersis Chile S.A.		1,122,133
	19,202,210		Enersis S.A.		2,979,277
	436,264		SACI Falabella		1,555,904
	62,980		Sociedad Quimica y Minera de Chile S.A. (Class B)		1,917,535
			TOTAL CHILE		19,932,862
CHINA - 40.2%
	42,600		360 Security Technology, Inc		118,498
	651,500	*,e,g	3SBio, Inc		792,833
	15,733	*	51job, Inc (ADR)		1,067,956
	49,187	*	58.COM, Inc (ADR)		2,723,484
	394,500	e	AAC Technologies Holdings, Inc		3,110,225
	15,200		Accelink Technologies Co Ltd		70,634
	41,900		Addsino Co Ltd		106,599
	128,900		AECC Aero-Engine Control Co Ltd		337,713
	49,300		AECC Aviation Power Co Ltd		260,595
	682,000		Agile Property Holdings Ltd		865,408
	15,188,064		Agricultural Bank of China Ltd		5,390,962
	2,302,800		Agricultural Bank of China Ltd (Class A)		1,065,736
	109,148		Aier Eye Hospital Group Co Ltd		709,048
	130,490		Air China Ltd		127,740
	962,000		Air China Ltd (H shares)		597,730

269

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	72,000		Airtac International Group	$	1,510,370
	55,100		Aisino Corp		137,943
	172,000	g	AK Medical Holdings Ltd		503,317
	987,565	*	Alibaba Group Holding Ltd (ADR)		247,898,566
	1,894,284	*	Alibaba Health Information Technology Ltd		5,243,542
	234,500	g	A-Living Services Co Ltd		1,324,470
	1,736,000	*	Aluminum Corp of China Ltd		447,789
	164,400	*	Aluminum Corp of China Ltd (Class A)		77,592
	64,870		Angang Steel Co Ltd		24,995
	22,700		Angel Yeast Co Ltd		214,276
	650,282		Anhui Conch Cement Co Ltd		4,917,528
	130,000		Anhui Conch Cement Co Ltd (Class A)		1,144,237
	58,400		Anhui Gujing Distillery Co Ltd		644,172
	10,500		Anhui Gujing Distillery Co Ltd (Class A)		320,154
	17,100		Anhui Kouzi Distillery Co Ltd		122,580
	559,651		Anta Sports Products Ltd		5,312,760
	35,100		Apeloa Pharmaceutical Co Ltd		119,877
	5,800		Asymchem Laboratories Tianjin Co Ltd		181,543
	6,800		Autobio Diagnostics Co Ltd		158,533
	30,700		Autohome, Inc (ADR)		2,690,855
	70,700		AVIC Aircraft Co Ltd		240,226
	294,858		Avic Capital Co Ltd		200,309
	90,600	*	AVIC Electromechanical Systems Co Ltd		133,084
	23,800		AVIC Jonhon Optronic Technology Co Ltd		148,610
	47,400		AVIC Shenyang Aircraft Co Ltd		434,150
	1,054,861		AviChina Industry & Technology Co		628,049
	14,700	*	AVICOPTER plc		108,469
	85,400	*	BAIC BluePark New Energy Technology Co Ltd		83,006
	874,000	g	BAIC Motor Corp Ltd		426,218
	145,789	*	Baidu, Inc (ADR)		17,407,206
	649,400		Bank of Beijing Co Ltd		449,290
	155,305		Bank of Chengdu Co Ltd		184,844
	1,165,700		Bank of China Ltd		556,108
	42,849,953		Bank of China Ltd (Hong Kong)		14,269,411
	1,382,800		Bank of Communications Co Ltd		942,859
	4,762,934		Bank of Communications Co Ltd (Hong Kong)		2,643,839
	195,500		Bank of Hangzhou Co Ltd		264,470
	313,700		Bank of Jiangsu Co Ltd		271,811
	422,900		Bank of Nanjing Co Ltd		469,965
	150,971		Bank of Ningbo Co Ltd		626,220
	385,390		Bank of Shanghai Co Ltd		457,344
	566,200		Baoshan Iron & Steel Co Ltd		399,310
	22,302	*,e	Baozun, Inc (ADR)		938,022
	155,900		BBMG Corp		72,190
	165,600		Beijing Capital Development Co Ltd		160,106
	902,830		Beijing Capital International Airport Co Ltd		594,753
	132,200		Beijing Dabeinong Technology Group Co Ltd		204,565
	14,100	*	Beijing E-Hualu Information Technology Co Ltd		101,319
	67,700		Beijing Enlight Media Co Ltd		129,191
	299,000		Beijing Enterprises Holdings Ltd		1,046,361
	2,887,583		Beijing Enterprises Water Group Ltd		1,227,190
	38,900		Beijing Kunlun Tech Co Ltd		150,354
	49,500		Beijing New Building Materials plc		218,540
	38,300		Beijing Oriental Yuhong Waterproof Technology Co Ltd		300,848

270

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	202,800		Beijing Originwater Technology Co Ltd	$	249,252
	20,300		Beijing Shiji Information Technology Co Ltd		106,868
	21,000		Beijing Shunxin Agriculture Co Ltd		186,325
	35,100		Beijing Sinnet Technology Co Ltd		131,671
	18,500		Beijing Thunisoft Corp Ltd		70,386
	37,320		Beijing Tiantan Biological Products Corp Ltd		265,821
	44,409		Beijing Tongrentang Co Ltd		172,216
	93,500		Beijing Yanjing Brewery Co Ltd		102,629
	108,300	*,e	BEST, Inc (ADR)		455,943
	11,900		Betta Pharmaceuticals Co Ltd		235,968
	16,700		BGI Genomics Co Ltd		392,936
	52,100	*	Bilibili, Inc (ADR)		2,270,518
	954,600		BOE Technology Group Co Ltd		638,973
	151,000	*	Bohai Leasing Co Ltd		66,461
	1,394,000		Bosideng International Holdings Ltd		403,165
	1,671,945		Brilliance China Automotive Holdings Ltd		1,707,310
	33,100		BTG Hotels Group Co Ltd		83,833
	57,100	*	BYD Co Ltd		696,588
	339,500	e	BYD Co Ltd (H shares)		3,198,661
	366,500	e	BYD Electronic International Co Ltd		1,286,643
	51,300		By-health Co Ltd		183,996
	39,900		C&S Paper Co Ltd		139,544
	150,500		Caitong Securities Co Ltd		360,677
	31,800	*,e,g	CanSino Biologics, Inc		1,116,629
	35,700		Centre Testing International Group Co Ltd		119,646
	6,068,200	g	CGN Power Co Ltd		1,277,023
	15,300		Chacha Food Co Ltd		127,001
	13,400		Changchun High & New Technology Industry Group, Inc		954,706
	183,100		Changjiang Securities Co Ltd		226,391
	816,600	*	Changsha Zoomlion Heavy Industry Science and Technology Development Co Ltd		841,911
	5,100		Changzhou Xingyu Automotive Lighting Systems Co Ltd		108,895
	69,900		Chaozhou Three-Circle Group Co Ltd		286,705
	18,500		Chengdu Kanghong Pharmaceutical Group Co Ltd		126,635
	78,500		Chengdu Xingrong Environment Co Ltd		57,370
	71,000	*	China Aerospace Times Electronics Co Ltd		75,565
	560,000		China Aoyuan Group Ltd		706,211
	17,100	*	China Avionics Systems Co Ltd		42,876
	4,246,000		China Cinda Asset Management Co Ltd		800,740
	4,869,530		China Citic Bank		2,124,697
	119,400		China CITIC Bank Corp Ltd		88,271
	230,200		China Communications Construction Co Ltd		260,641
	2,366,000		China Communications Construction Co Ltd (Hong Kong)		1,378,245
	1,252,400		China Communications Services Corp Ltd		811,901
	843,000		China Conch Venture Holdings Ltd		3,626,332
	346,200		China Construction Bank Corp		303,595
	51,038,641		China Construction Bank Corp (Hong Kong)		37,213,829
	1,177,500	*	China COSCO Holdings Co Ltd		443,722
	289,000	g	China East Education Holdings Ltd		679,486
	270,700	*	China Eastern Airlines Corp Ltd		171,168
	768,000	e	China Eastern Airlines Corp Ltd (H Shares)		273,021
	351,000		China Education Group Holdings Ltd		667,181
	244,000		China Enterprise Co Ltd		148,912
	1,128,800		China Everbright Bank Co Ltd		611,410

271

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	1,437,000		China Everbright Bank Co Ltd (Hong Kong)	$	540,049
	2,000,888		China Everbright International Ltd		1,236,954
	474,000		China Everbright Ltd		759,576
	981,000	e	China Evergrande Group		2,755,828
	476,000	g	China Feihe Ltd		916,140
	72,100	*	China Film Co Ltd		150,201
	124,146		China Fortune Land Development Co Ltd		308,710
	2,089,245		China Galaxy Securities Co Ltd		1,249,722
	217,900		China Galaxy Securities Co Ltd (Class A)		407,972
	1,413,268		China Gas Holdings Ltd		4,250,720
	171,800		China Gezhouba Group Co Ltd		164,204
	70,700	*	China Great Wall Securities Co Ltd		145,694
	74,800		China Greatwall Technology Group Co Ltd		196,581
	932,500		China Hongqiao Group Ltd		535,561
	4,374,000	g	China Huarong Asset Management Co Ltd		497,154
	2,230,000	*,†	China Huishan Dairy Holdings Co Ltd		2,877
	873,824		China Insurance International Holdings Co Ltd		1,550,504
	713,406	*,e,g	China International Capital Corp Ltd		1,687,180
	60,600		China International Travel Service Corp Ltd		2,111,660
	112,900		China Jushi Co Ltd		223,683
	617,000		China Lesso Group Holdings Ltd		1,193,712
	3,919,880		China Life Insurance Co Ltd		8,991,859
	84,000		China Life Insurance Co Ltd (Class A)		438,680
	160,800	*,e,g	China Literature Ltd		1,058,102
	1,638,341		China Longyuan Power Group Corp		1,173,670
	806,000		China Medical System Holdings Ltd		978,681
	25,800		China Meheco Co Ltd		60,116
	1,447,000		China Mengniu Dairy Co Ltd		6,790,000
	2,061,368		China Merchants Bank Co Ltd		9,620,373
	674,495		China Merchants Bank Co Ltd (Class A)		3,361,522
	350,700		China Merchants Energy Shipping Co Ltd		313,879
	804,894		China Merchants Holdings International Co Ltd		920,922
	31,400	*	China Merchants Property Operation & Service Co Ltd		152,020
	176,020		China Merchants Securities Co Ltd		543,094
	214,900		China Merchants Shekou Industrial Zone Holdings Co Ltd		524,955
	1,063,900		China Minsheng Banking Corp Ltd		844,403
	3,208,602		China Minsheng Banking Corp Ltd (Hong Kong)		2,020,940
	3,261,665		China Mobile Hong Kong Ltd		22,264,565
	1,632,000		China Molybdenum Co Ltd		662,880
	489,300		China Molybdenum Co Ltd (Class A)		309,238
	10,400		China National Accord Medicines Corp Ltd		74,199
	2,037,913		China National Building Material Co Ltd		3,164,847
	33,800		China National Chemical Engineering Co Ltd		27,891
	18,000		China National Medicines Corp Ltd		113,429
	296,400		China National Nuclear Power Co Ltd		184,363
	22,800		China National Software & Service Co Ltd		309,680
	144,400	*	China Northern Rare Earth Group High-Tech Co Ltd		257,538
	1,010,773		China Oilfield Services Ltd		788,646
	2,063,794		China Overseas Land & Investment Ltd		6,288,704
	218,200		China Pacific Insurance Group Co Ltd		922,422
	1,504,000		China Pacific Insurance Group Co Ltd (Hong Kong)		4,357,721
	2,274,000		China Power International Development Ltd		425,733
	1,124,500		China Railway Construction Corp		899,415
	355,500		China Railway Construction Corp Ltd		447,824

272

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	556,900	*	China Railway Group Ltd	$	444,534
	2,183,454		China Railway Group Ltd (Hong Kong)		1,105,309
	783,000	g	China Railway Signal & Communication Corp Ltd		340,637
	3,042,000		China Reinsurance Group Corp		333,746
	776,677		China Resources Beer Holdings Company Ltd		5,401,006
	470,000		China Resources Gas Group Ltd		2,318,274
	1,727,555		China Resources Land Ltd		7,200,293
	826,500	g	China Resources Pharmaceutical Group Ltd		469,436
	1,093,372		China Resources Power Holdings Co		1,393,930
	19,700		China Resources Sanjiu Medical & Pharmaceutical Co Ltd		85,580
	257,900		China Shenhua Energy Co Ltd		566,381
	1,912,500		China Shenhua Energy Co Ltd (Hong Kong)		3,166,704
	620,000	*	China Shipbuilding Industry Co Ltd		425,661
	844,000		China Shipping Development Co Ltd		376,705
	46,600		China South Publishing & Media Group Co Ltd		71,248
	802,000	*,e	China Southern Airlines Co Ltd		372,129
	242,700	*	China Southern Airlines Co Ltd (Class A)		185,453
	44,200		China Spacesat Co Ltd		224,434
	1,174,320		China State Construction Engineering Corp Ltd		846,226
	1,076,744		China State Construction International Holdings Ltd		637,137
	7,167,336		China Telecom Corp Ltd		2,128,166
	23,716,778	g	China Tower Corp Ltd		4,314,769
	31,700		China TransInfo Technology Co Ltd		106,547
	3,279,716		China Unicom Ltd		1,824,264
	913,600		China United Network Communications Ltd		665,179
	897,600		China Vanke Co Ltd		2,829,613
	296,400		China Vanke Co Ltd (Class A)		1,139,117
	739,000		China Yangtze Power Co Ltd		1,945,018
	614,000	g	China Yuhua Education Corp Ltd		593,535
	88,000		Chinese Universe Publishing and Media Group Co Ltd		159,775
	13,100		Chongqing Brewery Co Ltd		136,694
	176,300	*	Chongqing Changan Automobile Co Ltd		280,035
	26,500		Chongqing Fuling Zhacai Group Co Ltd		149,726
	1,342,000		Chongqing Rural Commercial Bank		543,986
	40,300	*	Chongqing Zhifei Biological Products Co Ltd		1,073,377
	1,642,939		CIFI Holdings Group Co Ltd		1,476,876
	3,099,738		Citic Pacific Ltd		2,909,386
	1,212,500		CITIC Securities Co Ltd		2,827,400
	280,300		CITIC Securities Co Ltd (Class A)		1,202,806
	9,784,674		CNOOC Ltd		10,327,725
	69,800		Contemporary Amperex Technology Co Ltd		2,100,771
	958,196		COSCO Pacific Ltd		499,759
	231,000		COSCO SHIPPING Development Co Ltd		67,841
	142,500		COSCO SHIPPING Energy Transportation Co Ltd		146,552
	162,100	*	COSCO SHIPPING Holdings Co Ltd		100,592
	3,948,416		Country Garden Holdings Co Ltd		5,070,571
	716,000		Country Garden Services Holdings Co Ltd		4,319,880
	2,504,050		CRRC Corp Ltd		1,089,911
	697,500		CRRC Corp Ltd (Class A)		583,842
	76,200		CSC Financial Co Ltd		530,744
	3,025,681		CSPC Pharmaceutical Group Ltd		6,372,566
	30,910		Da An Gene Co Ltd		191,791
	1,085,500	g	Dali Foods Group Co Ltd		663,406
	467,600		Daqin Railway Co Ltd		434,632

273

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	30,520		Dawning Information Industry Co Ltd	$	194,847
	66,900		DHC Software Co Ltd		116,822
	8,900		Dong-E-E-Jiao Co Ltd		51,960
	233,800		Dongfang Electric Corp Ltd		347,042
	1,609,917		Dongfeng Motor Group Co Ltd		1,152,511
	200,700		Dongxing Securities Co Ltd		395,338
	235,320		East Money Information Co Ltd		898,569
	415,200		ENN Energy Holdings Ltd		5,032,952
	46,761		Eve Energy Co Ltd		402,827
	157,100		Everbright Securities Co Ltd		540,488
	142,860	*	Fangda Carbon New Material Co Ltd		140,277
	1,007,000		Far East Horizon Ltd		830,776
	76,100		Fiberhome Telecommunication Technologies Co Ltd		311,235
	116,500		Financial Street Holdings Co Ltd		115,156
	178,400		First Capital Securities Co Ltd		276,991
	322,040		Focus Media Information Technology Co Ltd		279,948
	90,150		Foshan Haitian Flavouring & Food Co Ltd		1,936,151
	1,370,952		Fosun International		1,563,255
	234,600		Founder Securities Co Ltd		288,688
	228,600		Foxconn Industrial Internet Co Ltd		479,422
	2,718,000		Franshion Properties China Ltd		1,850,720
	16,400		Fujian Star-net Communication Co Ltd		77,581
	26,100		Fujian Sunner Development Co Ltd		107,416
	62,700		Future Land Holdings Co Ltd		305,450
	37,300		Fuyao Glass Industry Group Co Ltd		130,414
	271,698	g	Fuyao Glass Industry Group Co Ltd (Hong Kong)		758,611
	1,500		G-bits Network Technology Xiamen Co Ltd		133,241
	134,700	*	GCL System Integration Technology Co Ltd		59,164
	537,900		GD Power Development Co Ltd		157,307
	41,700	*	GDS Holdings Ltd (ADR)		3,348,093
	3,101,828		Geely Automobile Holdings Ltd		6,506,963
	268,600		GEM Co Ltd		205,953
	127,600		Gemdale Corp		255,610
	544,000	*,e	Genscript Biotech Corp		1,182,121
	819,600		GF Securities Co Ltd		983,558
	132,000		GF Securities Co Ltd (Class A)		294,960
	35,800		Giant Network Group Co Ltd		108,206
	11,620		Gigadevice Semiconductor Beijing, Inc		387,825
	28,300		Glodon Co Ltd		310,351
	92,700		GoerTek, Inc		569,922
	5,601,968	*,e	GOME Electrical Appliances Holdings Ltd		809,898
	251,900		Grandjoy Holdings Group Co Ltd		197,890
	1,627,266		Great Wall Motor Co Ltd		1,588,596
	85,100		Gree Electric Appliances, Inc of Zhuhai		693,526
	207,300		Greenland Holdings Corp Ltd		242,477
	665,305		Greentown Service Group Co Ltd		910,693
	51,700		GRG Banking Equipment Co Ltd		106,580
	41,000	*,e	GSX Techedu, Inc (ADR)		3,653,920
	37,500		Guangdong Haid Group Co Ltd		343,218
	70,300	*	Guangdong HEC Technology Holding Co Ltd		72,923
	20,100		Guangdong Hongda Blasting Co Ltd		162,130
	1,610,000		Guangdong Investments Ltd		2,603,008
	216,700	*	Guangdong LY Intelligent Manufacturing Co Ltd		368,356
	397,700	*	Guanghui Energy Co Ltd		167,576

274

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	1,528,851		Guangzhou Automobile Group Co Ltd (Hong Kong)	$	1,461,240
	60,400		Guangzhou Baiyun International Airport Co Ltd		122,992
	42,100		Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd		224,393
	41,100		Guangzhou Haige Communications Group, Inc Co		84,922
	11,600		Guangzhou Kingmed Diagnostics Group Co Ltd		160,423
	761,600		Guangzhou R&F Properties Co Ltd		879,012
	20,272		Guangzhou Shiyuan Electronic Technology Co Ltd		301,734
	9,200		Guangzhou Wondfo Biotech Co Ltd		128,718
	35,900	*	Guocheng Mining Co Ltd		122,976
	134,800		Guosen Securities Co Ltd		254,752
	221,800		Guotai Junan Securities Co Ltd		587,238
	389,000	g	Guotai Junan Securities Co Ltd (Hong Kong)		643,861
	29,800	*	Guoxuan High-Tech Co Ltd		107,832
	101,100		Guoyuan Securities Co Ltd		150,747
	418,000	e,g	Haidilao International Holding Ltd		1,924,860
	682,000		Haier Electronics Group Co Ltd		2,369,818
	577,300	*	Hainan Airlines Holding Co Ltd		130,749
	388,000		Haitian International Holdings Ltd		892,744
	1,573,200	*	Haitong Securities Co Ltd		1,463,596
	231,500	*	Haitong Securities Co Ltd (Class A)		467,633
	292,600		Hangzhou Hikvision Digital Technology Co Ltd		1,551,350
	19,700		Hangzhou Robam Appliances Co Ltd		108,153
	34,500		Hangzhou Silan Microelectronics Co Ltd		100,162
	25,100		Hangzhou Tigermed Consulting Co Ltd		387,270
	296,000	*,g	Hansoh Pharmaceutical Group Co Ltd		1,282,052
	13,500		Hefei Meiya Optoelectronic Technology, Inc		115,801
	47,000		Heilongjiang Agriculture Co Ltd		129,127
	81,400		Henan Shuanghui Investment & Development Co Ltd		637,444
	373,000		Hengan International Group Co Ltd		3,131,746
	127,320		Hengli Petrochemical Co Ltd		296,824
	82,980		Hengtong Optic-electric Co Ltd		197,268
	230,060		Hengyi Petrochemical Co Ltd		334,521
	88,900	*	Hesteel Co Ltd		28,688
	20,000		Hithink RoyalFlush Information Network Co Ltd		409,808
	62,200	*	Holitech Technology Co Ltd		46,866
	18,900		Hongfa Technology Co Ltd		113,953
	232,051	*,e,g	Hua Hong Semiconductor Ltd		1,021,656
	197,010		Huaan Securities Co Ltd		228,191
	408,000		Huadian Power International Corp Ltd (Class A)		212,130
	45,800		Huadong Medicine Co Ltd		182,593
	28,600		Huagong Tech Co Ltd		95,797
	57,720		Hualan Biological Engineering, Inc		537,342
	241,400		Huaneng Power International, Inc		162,247
	1,843,110		Huaneng Power International, Inc (Hong Kong)		787,419
	898,600	g	Huatai Securities Co Ltd		1,624,750
	216,000		Huatai Securities Co Ltd (Class A)		643,229
	135,500		Huaxi Securities Co Ltd		247,516
	373,900		Huaxia Bank Co Ltd		340,700
	35,900		Huaxin Cement Co Ltd		141,044
	113,073		Huayu Automotive Systems Co Ltd		339,722
	70,600	e	Huazhu Group Ltd (ADR)		2,423,698
	88,900		Hubei Biocause Pharmaceutical Co Ltd		73,149
	104,500		Hubei Energy Group Co Ltd		56,412
	29,200		Hubei Jumpcan Pharmaceutical Co Ltd		105,977

275

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	66,500		Hubei Kaile Science & Technology Co Ltd	$	135,790
	105,800		Hunan Valin Steel Co Ltd		67,901
	36,647		Hundsun Technologies, Inc		574,948
	39,300	*	Hutchison China MediTech Ltd (ADR)		1,065,816
	32,200	*,e	HUYA, Inc (ADR)		783,104
	58,900		Iflytek Co Ltd		309,075
	1,842,500		Industrial & Commercial Bank of China Ltd		1,309,265
	32,469,777		Industrial & Commercial Bank of China Ltd (Hong Kong)		19,025,384
	699,000		Industrial Bank Co Ltd		1,568,031
	289,600		Industrial Securities Co Ltd		339,920
	1,216,700	*	Inner Mongolia BaoTou Steel Union Co Ltd		203,977
	37,600		Inner Mongolia First Machinery Group Co Ltd		58,619
	158,600		Inner Mongolia Junzheng Energy & Chemical Industry Group Co Ltd		169,974
	195,000		Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd		70,702
	211,600		Inner Mongolia Yili Industrial Group Co Ltd		1,110,081
	577,700		Inner Mongolia Yitai Coal Co		421,566
	498,500	*,g	Innovent Biologics, Inc		3,061,617
	36,064		Inspur Electronic Information Industry Co Ltd		197,741
	119,900	*	IQIYI, Inc (ADR)		2,529,890
	18,240		Jafron Biomedical Co Ltd		191,883
	448,524	*	JD.com, Inc (ADR)		28,611,346
	73,300		Jiangsu Changshu Rural Commercial Bank Co Ltd		78,231
	810,000		Jiangsu Express		868,831
	29,156		Jiangsu Hengli Hydraulic Co Ltd		254,720
	139,912		Jiangsu Hengrui Medicine Co Ltd		1,893,508
	33,000		Jiangsu King’s Luck Brewery JSC Ltd		205,644
	73,692		Jiangsu Shagang Co Ltd		114,494
	57,900		Jiangsu Yanghe Brewery Joint-Stock Co Ltd		1,121,227
	8,500	*	Jiangsu Yangnong Chemical Co Ltd		116,818
	26,000		Jiangsu Yuyue Medical Equipment & Supply Co Ltd		137,013
	207,800	*	Jiangsu Zhongnan Construction Group Co Ltd		281,508
	98,900		Jiangsu Zhongtian Technology Co Ltd		166,383
	695,000		Jiangxi Copper Co Ltd		830,689
	100,300		Jiangxi Copper Co Ltd (Class A)		233,161
	53,000		Jiangxi Ganfeng Lithium Co Ltd		424,816
	106,100		Jiangxi Zhengbang Technology Co Ltd		328,144
	36,500		Jilin Aodong Pharmaceutical Group Co Ltd		90,848
	61,900		Jinduicheng Molybdenum Co Ltd		59,132
	208,500		Jinke Properties Group Co Ltd		259,844
	39,800		Jinyu Bio-Technology Co Ltd		166,509
	49,000		Joincare Pharmaceutical Group Industry Co Ltd		139,559
	64,500	*	Jointown Pharmaceutical Group Co Ltd		173,073
	21,500		Jonjee Hi-Tech Industrial And Commercial Holding Co Ltd		216,295
	22,400		Joyoung Co Ltd		125,450
	31,304	*	JOYY, Inc (ADR)		2,498,685
	13,800		Juewei Food Co Ltd		169,309
	184,400		Juneyao Airlines Co Ltd		246,063
	1,152,000		Kaisa Group Holdings Ltd		511,967
	392,881		Kingboard Chemical Holdings Ltd		1,149,042
	1,221,000		Kingdee International Software Group Co Ltd		3,377,076
	431,000		Kingsoft Corp Ltd		2,196,167
	126,000	*,e,g	Koolearn Technology Holding Ltd		584,177
	40,300		Kweichow Moutai Co Ltd		9,692,458
	644,929		KWG Property Holding Ltd		1,150,330

276

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	7,100	*	Laobaixing Pharmacy Chain JSC	$	105,863
	693,000		Lee & Man Paper Manufacturing Ltd		428,399
	389,700	g	Legend Holdings Corp		506,898
	3,805,856		Lenovo Group Ltd		2,294,347
	102,600		Lens Technology Co Ltd		482,053
	237,100		Leo Group Co Ltd		120,898
	50,700		Lepu Medical Technology Beijing Co Ltd		311,867
	229,700		Leyard Optoelectronic Co Ltd		236,597
	1,103,500		Li Ning Co Ltd		3,556,808
	28,800		Liaoning Cheng Da Co Ltd		115,386
	22,100		Livzon Pharmaceutical Group, Inc		172,625
	672,000		Logan Property Holdings Co Ltd		1,164,587
	60,600		Lomon Billions Group Co Ltd		204,841
	925,000	g	Longfor Properties Co Ltd		4,571,383
	94,500		LONGi Green Energy Technology Co Ltd		771,803
	36,900		Luenmei Quantum Co Ltd		77,214
	215,253		Luxshare Precision Industry Co Ltd		1,816,706
	1,017,000	e,g	Luye Pharma Group Ltd		642,803
	41,000		Luzhou Laojiao Co Ltd		693,448
	96,024		Maanshan Iron & Steel Co Ltd (Class A)		37,187
	66,770	*	Mango Excellent Media Co Ltd		651,766
	93,728	*	Meinian Onehealth Healthcare Holdings Co Ltd		206,770
	1,866,800	*	Meituan Dianping (Class B)		46,196,749
	525,300		Metallurgical Corp of China Ltd		210,872
	79,764		Momo, Inc (ADR)		1,473,241
	109,446		Muyuan Foodstuff Co Ltd		1,433,989
	56,700		NanJi E-Commerce Co Ltd		159,196
	15,600		Nanjing King-Friend Biochemical Pharmaceutical Co Ltd		105,596
	103,900		Nanjing Securities Co Ltd		233,023
	34,500	*	Nanyang Topsec Technologies Group, Inc		116,129
	131,900		NARI Technology Co Ltd		402,157
	14,900		NAURA Technology Group Co Ltd		443,576
	124,400	*	NavInfo Co Ltd		332,123
	43,001		Netease.com (ADR)		19,712,518
	64,400		New China Life Insurance Co Ltd		487,574
	454,200		New China Life insurance Co Ltd (Hong Kong)		1,777,232
	139,500		New Hope Liuhe Co Ltd		650,510
	75,684	*	New Oriental Education & Technology Group (ADR)		10,610,897
	21,600		Newland Digital Technology Co Ltd		53,386
	23,700		Ninestar Corp		129,297
	30,200		Ningbo Joyson Electronic Corp		97,255
	31,900	*	Ningbo Tuopu Group Co Ltd		154,520
	210,100		Ningbo Zhoushan Port Co Ltd		125,482
	476,400	*	NIO, Inc (ADR)		5,688,216
	17,852	*	Noah Holdings Ltd (ADR)		543,950
	240,700		Northeast Securities Co Ltd		386,865
	365,700		Oceanwide Holdings Co Ltd		220,609
	48,900		Offcn Education Technology Co Ltd		224,215
	207,326		Offshore Oil Engineering Co Ltd		143,042
	74,400		O-film Tech Co Ltd		206,990
	7,840		Oppein Home Group, Inc		100,611
	144,900		Orient Securities Co Ltd		243,083
	10,500		Ovctek China, Inc		98,396
	194,200	*	Pacific Securities Co Ltd		120,514

277

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	193,600	*	Pangang Group Vanadium Titanium & Resources Co Ltd	$	61,103
	4,132,220		People’s Insurance Co Group of China Ltd		1,344,459
	167,600		People’s Insurance Co Group of China Ltd (Class A)		171,419
	45,750		Perfect World Co Ltd		251,645
	3,686,306		PICC Property & Casualty Co Ltd		2,913,069
	136,500	*	Pinduoduo, Inc (ADR)		12,530,700
	590,800		Ping An Bank Co Ltd		1,128,286
	198,400	*,e,g	Ping An Healthcare and Technology Co Ltd		3,390,193
	3,168,526		Ping An Insurance Group Co of China Ltd		33,431,819
	328,900		Ping An Insurance Group Co of China Ltd (Class A)		3,572,899
	62,000		Poly Property Development Co Ltd		652,704
	326,100		Poly Real Estate Group Co Ltd		727,803
	5,344,000	g	Postal Savings Bank of China Co Ltd		2,944,219
	483,600		Power Construction Corp of China Ltd		291,846
	5,200		Proya Cosmetics Co Ltd		139,755
	200,100		Qingdao Haier Co Ltd		516,312
	173,600		Qingdao Rural Commercial Bank Corp		139,807
	162,500		RiseSun Real Estate Development Co Ltd		191,449
	122,600		Rongsheng Petro Chemical Co Ltd		293,599
	297,100		SAIC Motor Corp Ltd		773,737
	113,500		Sanan Optoelectronics Co Ltd		437,614
	8,600		Sangfor Technologies, Inc		263,708
	68,700		Sansteel Minguang Co Ltd		70,163
	224,700		Sany Heavy Industry Co Ltd		679,664
	105,800		SDIC Capital Co Ltd		224,591
	375,600	*	SDIC Power Holdings Co Ltd		463,865
	368,160		Sealand Securities Co Ltd		297,040
	1,116,000	e	Seazen Group Ltd		1,058,359
	1,733,765	*	Semiconductor Manufacturing International Corp		6,788,480
	97,700		SF Holding Co Ltd		990,551
	4,700		SG Micro Corp		245,945
	266,700		Shaanxi Coal Industry Co Ltd		309,393
	73,690		Shandong Buchang Pharmaceuticals Co Ltd		302,739
	81,675	*	Shandong Gold Mining Co Ltd		509,331
	43,000		Shandong Hualu Hengsheng Chemical Co Ltd		142,577
	44,800		Shandong Linglong Tyre Co Ltd		150,665
	399,700		Shandong Nanshan Aluminum Co Ltd		135,816
	20,000		Shandong Sinocera Functional Material Co Ltd		102,774
	62,300		Shandong Sun Paper Industry JSC Ltd		113,314
	1,319,390		Shandong Weigao Group Medical Polymer Co Ltd		3,359,929
	135,000		Shanghai 2345 Network Holding Group Co Ltd		59,784
	20,000		Shanghai Baosight Software Co Ltd		204,473
	198,400		Shanghai Construction Group Co Ltd		88,689
	168,400		Shanghai Electric Group Co Ltd		132,773
	1,328,623	*	Shanghai Electric Group Co Ltd (Hong Kong)		409,840
	83,700		Shanghai Electric Power Co Ltd		94,145
	63,300		Shanghai Fosun Pharmaceutical Group Co Ltd		564,744
	275,985		Shanghai Fosun Pharmaceutical Group Co Ltd (Hong Kong)		1,307,249
	289,000		Shanghai Industrial Holdings Ltd		421,661
	31,900		Shanghai International Airport Co Ltd		310,314
	295,600		Shanghai International Port Group Co Ltd		190,956
	16,700		Shanghai Jahwa United Co Ltd		111,385
	20,800		Shanghai Jinjiang International Hotels Development Co Ltd		117,564
	595,679		Shanghai Lujiazui Finance & Trade Zone Development Co Ltd		500,189

278

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	20,600		Shanghai M&G Stationery, Inc	$	192,926
	88,000	*	Shanghai Oriental Pearl Group Co Ltd		127,817
	60,400		Shanghai Pharmaceuticals Holding Co Ltd		177,443
	502,741		Shanghai Pharmaceuticals Holding Co Ltd (Hong Kong)		893,832
	1,012,500		Shanghai Pudong Development Bank Co Ltd		1,502,172
	13,800		Shanghai Putailai New Energy Technology Co Ltd		210,179
	186,000		Shanghai RAAS Blood Products Co Ltd		275,742
	189,800		Shanghai Tunnel Engineering Co Ltd		163,777
	73,100		Shanghai Yuyuan Tourist Mart Group Co Ltd		107,391
	48,800		Shanghai Zhangjiang High-Tech Park Development Co Ltd		140,823
	204,600		Shanxi Lu’an Environmental Energy Development Co Ltd		186,877
	123,100	*	Shanxi Meijin Energy Co Ltd		116,601
	173,160		Shanxi Securities Co Ltd		205,216
	136,300		Shanxi Taigang Stainless Steel Co Ltd		69,351
	22,500		Shanxi Xinghuacun Fen Wine Factory Co Ltd		581,040
	144,170		Shanxi Xishan Coal & Electricity Power Co Ltd		86,967
	294,700		Shenergy Co Ltd		240,497
	55,200		Shengyi Technology Co Ltd		227,741
	11,760		Shennan Circuits Co Ltd		259,436
	585,400	*	Shenwan Hongyuan Group Co Ltd		489,074
	68,300		Shenzhen Airport Co Ltd		97,571
	31,800		Shenzhen Energy Group Co Ltd		25,839
	412,000		Shenzhen Expressway Co Ltd		392,985
	15,900		Shenzhen Goodix Technology Co Ltd		475,060
	30,900		Shenzhen Hepalink Pharmaceutical Group Co Ltd		108,742
	43,300		Shenzhen Inovance Technology Co Ltd		311,993
	555,238		Shenzhen International Holdings Ltd		906,116
	1,772,470		Shenzhen Investment Ltd		556,133
	45,700		Shenzhen Kaifa Technology Co Ltd		165,804
	23,700	*	Shenzhen Kangtai Biological Products Co Ltd		764,226
	68,200		Shenzhen Kingdom Sci-Tech Co Ltd		190,092
	35,800		Shenzhen Mindray Bio-Medical Electronics Co Ltd		1,781,239
	202,600		Shenzhen Overseas Chinese Town Co Ltd		208,180
	50,500		Shenzhen Salubris Pharmaceuticals Co Ltd		251,988
	23,100		Shenzhen Sunway Communication Co Ltd		183,704
	440,800		Shenzhou International Group Holdings Ltd		5,265,235
	42,700		Shijiazhuang Yiling Pharmaceutical Co Ltd		195,233
	651,000		Shimao Property Holdings Ltd		2,762,408
	1,698,000		Shui On Land Ltd		252,090
	146,900	*	Siasun Robot & Automation Co Ltd		329,431
	177,200		Sichuan Chuantou Energy Co Ltd		242,428
	44,300		Sichuan Kelun Pharmaceutical Co Ltd		142,744
	56,400		Sichuan Languang Development Co Ltd		43,208
	12,900		Sichuan Swellfun Co Ltd		117,829
	37,000		Silergy Corp		2,219,649
	31,735	*	Sina Corp		1,280,507
	82,200		Sinolink Securities Co Ltd		169,809
	1,546,471		Sino-Ocean Land Holdings Ltd		373,066
	708,000		Sinopec Engineering Group Co Ltd		313,827
	2,140,000		Sinopec Shanghai Petrochemical Co Ltd		476,468
	228,783		Sinopec Shanghai Petrochemical Co Ltd (Class A)		117,663
	774,000		Sinopharm Group Co		1,844,658
	308,700		Sinotrans Ltd (Class A)		149,869
	368,745		Sinotruk Hong Kong Ltd		1,150,726

279

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	1,016,000	*	Soho China Ltd	$	377,667
	105,560		Songcheng Performance Development Co Ltd		282,371
	287,220		SooChow Securities Co Ltd		469,898
	131,200		Southwest Securities Co Ltd		110,047
	40,939		Spring Airlines Co Ltd		232,810
	50,800		STO Express Co Ltd		119,900
	1,259,500		Sun Art Retail Group Ltd		1,750,452
	1,326,031		Sunac China Holdings Ltd		6,252,574
	245,100		Suning.com Co Ltd		362,347
	375,417		Sunny Optical Technology Group Co Ltd		7,049,989
	38,400		Sunwoda Electronic Co Ltd		131,409
	33,000		Suofeiya Home Collection Co Ltd		108,569
	43,100		Suzhou Dongshan Precision Manufacturing Co Ltd		181,184
	190,600		Suzhou Gold Mantis Construction Decoration Co Ltd		245,096
	203,432	*	TAL Education Group (ADR)		15,902,279
	36,800		Tangshan Jidong Cement Co Ltd		101,039
	191,900		TBEA Co Ltd		240,111
	396,500		TCL Corp		355,350
	3,013,604		Tencent Holdings Ltd		206,727,672
	194,600	*	Tencent Music Entertainment (ADR)		3,140,844
	12,000		Thunder Software Technology Co Ltd		166,877
	217,800		Tianfeng Securities Co Ltd		223,992
	23,300		Tianjin 712 Communication & Broadcasting Co Ltd		147,785
	100,400		Tianjin Chase Sun Pharmaceutical Co Ltd		79,831
	64,900		Tianjin Zhonghuan Semiconductor Co Ltd		227,473
	72,100		Tianma Microelectronics Co Ltd		173,647
	66,560	*	Tianqi Lithium Corp		241,311
	86,500		Tianshui Huatian Technology Co Ltd		205,153
	1,058,000		Tingyi Cayman Islands Holding Corp		1,972,320
	13,900		Toly Bread Co Ltd		119,992
	453,600	*	Tongcheng-Elong Holdings Ltd		833,308
	36,000	*	TongFu Microelectronics Co Ltd		139,222
	92,900		Tonghua Dongbao Pharmaceutical Co Ltd		182,746
	172,300		Tongkun Group Co Ltd		356,611
	199,000		Tongling Nonferrous Metals Group Co Ltd		65,073
	116,892		Tongwei Co Ltd		457,002
	8,400	*	Topchoice Medical Corp		212,430
	624,000	g	Topsports International Holdings Ltd		751,459
	92,900		Transfar Zhilian Co Ltd		76,459
	469,661		Travelsky Technology Ltd		903,386
	253,796	*	Trip.com Group Ltd (ADR)		6,903,251
	226,000		Tsingtao Brewery Co Ltd		2,014,675
	21,500		Tsingtao Brewery Co Ltd (Class A)		255,840
	203,600	*	Tunghsu Optoelectronic Technology Co Ltd		81,691
	14,400		Unigroup Guoxin Microelectronics Co Ltd		261,102
	787,000		Uni-President China Holdings Ltd		853,944
	54,200	*	Unisplendour Corp Ltd		340,885
	28,200		Universal Scientific Industrial Shanghai Co Ltd		97,738
	19,000		Venustech Group, Inc		107,363
	234,724	*	Vipshop Holdings Ltd (ADR)		5,344,665
	28,200	*	Visionox Technology, Inc		65,967
	51,400	*	Walvax Biotechnology Co Ltd		595,509
	58,500	*	Wanda Film Holding Co Ltd		145,368
	88,500		Wangsu Science & Technology Co Ltd		113,616

280

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	89,400		Wanhua Chemical Group Co Ltd	$	865,425
	2,630,252		Want Want China Holdings Ltd		1,946,518
	33,572	*,e	Weibo Corp (ADR)		1,160,248
	1,054,800		Weichai Power Co Ltd		2,259,028
	126,900		Weichai Power Co Ltd (Class A)		294,409
	10,200		Weifu High-Technology Group Co Ltd		32,212
	12,600		Weihai Guangwei Composites Co Ltd		140,065
	185,160		Wens Foodstuffs Group Co Ltd		630,431
	140,000		Western Securities Co Ltd		198,966
	89,500		Westone Information Industry, Inc		281,847
	13,600		Will Semiconductor Ltd		403,468
	27,800		Wingtech Technology Co Ltd		610,948
	77,860		Winning Health Technology Group Co Ltd		257,699
	1,194,000		Winteam Pharmaceutical Group Ltd		610,657
	41,400	*	Wonders Information Co Ltd		159,082
	78,400		Wuchan Zhongda Group Co Ltd		51,497
	28,560		Wuhan Guide Infrared Co Ltd		159,881
	55,400		Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co Ltd		362,159
	80,400		Wuhu Token Science Co Ltd		140,453
	122,800		Wuliangye Yibin Co Ltd		3,827,766
	43,900		WUS Printed Circuit Kunshan Co Ltd		151,217
	70,420		WuXi AppTec Co Ltd		1,140,564
	84,384	e,g	WuXi AppTec Co Ltd (Hong Kong)		1,272,335
	481,267	*,g	Wuxi Biologics Cayman, Inc		9,935,200
	26,600		Wuxi Lead Intelligent Equipment Co Ltd		167,569
	68,900		Wuxi Taiji Industry Co Ltd		113,738
	143,900		XCMG Construction Machinery Co Ltd		131,051
	107,700		Xiamen C & D, Inc		144,615
	14,000		Xiamen Intretech, Inc		119,449
	138,600		Xiamen Tungsten Co Ltd		299,071
	5,571,600	*,g	Xiaomi Corp		10,681,092
	217,900		Xinhu Zhongbao Co Ltd		106,422
	105,500		Xinjiang Goldwind Science & Technology Co Ltd		196,596
	446,000		Xinjiang Goldwind Science & Technology Co Ltd (Hong Kong)		448,975
	2,135,780		Xinyi Solar Holdings Ltd		2,343,987
	273,900		Yango Group Co Ltd		271,882
	45,500		Yantai Jereh Oilfield Services Group Co Ltd		204,576
	938,464		Yanzhou Coal Mining Co Ltd		733,580
	148,900		Yanzhou Coal Mining Co Ltd (Class A)		196,334
	13,800		Yealink Network Technology Corp Ltd		125,095
	44,200		Yifan Pharmaceutical Co Ltd		187,152
	13,160		Yifeng Pharmacy Chain Co Ltd		162,884
	244,000		Yihai International Holding Ltd		2,993,493
	50,800		Yintai Gold Co Ltd		138,743
	383,600		Yonghui Superstores Co Ltd		494,168
	80,899		Yonyou Network Technology Co Ltd		545,009
	22,600	*	Youzu Interactive Co Ltd		71,782
	38,100	*	Yuan Longping High-tech Agriculture Co Ltd		97,233
	3,236,000		Yuexiul Property Co Ltd		593,283
	190,546		Yum China Holdings, Inc		9,763,577
	60,710		Yunda Holding Co Ltd		208,765
	37,900		Yunnan Baiyao Group Co Ltd		595,448
	16,100		Yunnan Energy New Material Co Ltd		184,157

281

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	926,300		Yuzhou Properties Co	$	416,166
	27,600	*	Zai Lab Ltd (ADR)		2,100,636
	14,195		Zhangzhou Pientzehuang Pharmaceutical Co Ltd		415,544
	509,500		Zhaojin Mining Industry Co Ltd		645,592
	164,400	*	Zhejiang Century Huatong Group Co Ltd		284,864
	56,916		Zhejiang Chint Electrics Co Ltd		258,506
	79,600	*	Zhejiang Conba Pharmaceutical Co Ltd		68,613
	78,200		Zhejiang Dahua Technology Co Ltd		238,460
	10,220		Zhejiang Dingli Machinery Co Ltd		130,058
	918,414		Zhejiang Expressway Co Ltd		682,980
	42,130		Zhejiang Huahai Pharmaceutical Co Ltd		232,945
	37,176	*	Zhejiang Huayou Cobalt Co Ltd		228,332
	38,400		Zhejiang Jingsheng Mechanical & Electrical Co Ltd		136,576
	225,600		Zhejiang Juhua Co Ltd		240,552
	207,200		Zhejiang Longsheng Group Co Ltd		439,019
	60,600		Zhejiang NHU Co Ltd		255,582
	99,970		Zhejiang Sanhua Intelligent Controls Co Ltd		339,676
	73,800		Zhejiang Semir Garment Co Ltd		78,578
	12,900		Zhejiang Supor Co Ltd		156,793
	58,900	*	Zhejiang Wanfeng Auto Wheel Co Ltd		58,316
	39,500		Zhejiang Weixing New Building Materials Co Ltd		77,303
	13,200		Zhejiang Wolwo Bio-Pharmaceutical Co Ltd		127,568
	91,800		Zhengzhou Yutong Bus Co Ltd		179,292
	782,000		Zhenro Properties Group Ltd		497,581
	128,300		Zheshang Securities Co Ltd		303,241
	204,700	*,e,g	ZhongAn Online P&C Insurance Co Ltd		1,227,222
	14,000		Zhongji Innolight Co Ltd		118,841
	190,440		Zhongjin Gold Corp Ltd		312,079
	296,500		Zhongsheng Group Holdings Ltd		1,832,893
	219,800	*	Zhongtian Financial Group Co Ltd		113,109
	278,600		Zhuzhou CSR Times Electric Co Ltd		978,646
	2,769,299		Zijin Mining Group Co Ltd		1,740,949
	591,800		Zijin Mining Group Co Ltd (Class A)		500,893
	163,900		Zoomlion Heavy Industry Science and Technology Co Ltd		194,076
	126,100	*	ZTE Corp		709,759
	429,464		ZTE Corp (Class H)		1,271,884
	198,100		ZTO Express Cayman, Inc (ADR)		7,339,605
			TOTAL CHINA		1,339,910,842
COLOMBIA - 0.2%
	138,344		BanColombia S.A.		993,201
	233,711		BanColombia S.A. (Preference)		1,659,079
	2,969,739		Ecopetrol S.A.		1,654,717
	133,223		Grupo de Inversiones Suramericana S.A.		692,346
	244,141		Interconexion Electrica S.A.		1,255,694
			TOTAL COLOMBIA		6,255,037
CZECH REPUBLIC - 0.1%
	94,038		CEZ AS		1,894,422
	36,567		Komercni Banka AS		848,114
	243,391	g	Moneta Money Bank AS		554,123
			TOTAL CZECH REPUBLIC		3,296,659

282

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
EGYPT - 0.1%
	696,107		Commercial International Bank	$	2,739,755
	518,867		Eastern Tobacco		384,504
	371,381		ElSwedy Cables Holding Co		156,773
			TOTAL EGYPT		3,281,032
GREECE - 0.1%
	12,741	*,†	Hellenic Duty Free Shops S.A.		150
	127,764		Hellenic Telecommunications Organization S.A.		1,879,859
	60,998		JUMBO S.A.		1,190,131
	32,834		Motor Oil Hellas Corinth Refineries S.A.		448,463
	109,568		OPAP S.A.		992,564
			TOTAL GREECE		4,511,167
HONG KONG - 0.4%
	6,861,652	*,e	Alibaba Pictures Group Ltd		957,727
	665,000		China Overseas Property Holdings Ltd		694,614
	1,341,226		China Resources Cement Holdings Ltd		1,836,264
	676,151		Kingboard Laminates Holdings Ltd		760,653
	861,000		Nine Dragons Paper Holdings Ltd		904,337
	5,583,331		Sino Biopharmaceutical		7,293,994
	818,000		SSY Group Ltd		516,802
	191,000		Vinda International Holdings Ltd		719,272
	803,000		Wharf Holdings Ltd		1,364,235
			TOTAL HONG KONG		15,047,898
HUNGARY - 0.2%
	217,493	*	MOL Hungarian Oil & Gas plc		1,281,194
	116,417	*	OTP Bank		4,169,693
	66,738		Richter Gedeon Rt		1,544,139
			TOTAL HUNGARY		6,995,026
INDIA - 8.0%
	334,042		Ambuja Cements Ltd		979,716
	153,609		Asian Paints Ltd		3,517,012
	153,581		Aurobindo Pharma Ltd		1,800,560
	81,484	*,g	Avenue Supermarts Ltd		2,243,352
	1,084,446	*	Axis Bank Ltd		6,238,576
	92,665		Bajaj Finance Ltd		4,023,396
	19,119		Bajaj Finserv Ltd		1,582,533
	43,032		Bajaj Holdings and Investment Ltd		1,726,210
	207,855	*,g	Bandhan Bank Ltd		955,689
	100,444		Berger Paints India Ltd		705,678
	115,371		Bharat Forge Ltd		587,509
	350,817		Bharat Petroleum Corp Ltd		1,935,605
	1,306,018	*	Bharti Airtel Ltd		9,673,041
	182,660		Bharti Infratel Ltd		468,432
	151,873	*	Biocon Ltd		830,921
	3,399		Bosch Ltd		591,825
	30,564		Britannia Industries Ltd		1,559,924
	178,785		Cipla Ltd		1,718,862
	672,143		Coal India Ltd		1,159,897
	35,063		Colgate-Palmolive India Ltd		666,142
	90,433		Container Corp Of India Ltd		544,169
	290,437		Dabur India Ltd		1,990,336

283

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	38,254		Divi S Laboratories Ltd	$	1,338,362
	367,391		DLF Ltd		689,897
	59,154		Dr Reddy’s Laboratories Ltd		3,582,308
	6,560		Eicher Motors Ltd		1,806,570
	962,406		GAIL India Ltd		1,243,702
	217,659		Godrej Consumer Products Ltd		2,010,191
	147,436		Grasim Industries Ltd		1,244,618
	116,808		Havells India Ltd		908,261
	576,467		HCL Technologies Ltd		5,419,827
	21,819	g	HDFC Asset Management Co Ltd		704,521
	372,944	*,g	HDFC Life Insurance Co Ltd		3,125,068
	55,113		Hero Honda Motors Ltd		1,963,075
	581,220		Hindalco Industries Ltd		1,271,117
	435,337		Hindustan Lever Ltd		12,842,100
	320,033		Hindustan Petroleum Corp Ltd		919,065
	869,354		Housing Development Finance Corp		20,675,378
	2,531,616	*	ICICI Bank Ltd		11,781,229
	106,900	g	ICICI Lombard General Insurance Co Ltd		1,860,048
	184,532	g	ICICI Prudential Life Insurance Co Ltd		1,114,517
	1,133,603		Indian Oil Corp Ltd		1,338,684
	110,354		Indraprastha Gas Ltd		595,359
	32,926		Info Edge India Ltd		1,400,954
	1,803,679		Infosys Technologies Ltd		23,191,956
	46,919	g	InterGlobe Aviation Ltd		611,182
	1,823,876		ITC Ltd		4,728,464
	487,252		JSW Steel Ltd		1,438,403
	38,386		Jubilant Foodworks Ltd		881,426
	244,978		Larsen & Toubro Ltd		2,987,252
	168,871		LIC Housing Finance Ltd		591,677
	124,863	*	Lupin Ltd		1,545,522
	392,932		Mahindra & Mahindra Ltd		3,179,570
	259,552		Marico Ltd		1,258,454
	63,957		Maruti Suzuki India Ltd		5,345,527
	488,899		Motherson Sumi Systems Ltd		619,377
	307,016		Mundra Port and Special Economic Zone Ltd		1,289,665
	12,437		Nestle India Ltd		2,739,327
	1,253,537		NTPC Ltd		1,454,924
	3,174		Page Industries Ltd		839,348
	341,675		Petronet LNG Ltd		1,130,768
	55,497		Pidilite Industries Ltd		1,004,447
	49,329		Piramal Healthcare Ltd		969,126
	985,326		Power Grid Corp of India Ltd		2,344,895
	1,504,892		Reliance Industries Ltd		41,618,662
	411,021		Rural Electrification Corp Ltd		549,186
	210,629	*,g	SBI Life Insurance Co Ltd		2,565,175
	1,118,815		Sesa Sterlite Ltd		1,710,315
	4,255		Shree Cement Ltd		1,233,176
	42,067		Shriram Transport Finance Co Ltd		387,398
	30,838		Siemens India Ltd		477,986
	971,736	*	State Bank of India		2,478,273
	438,858		Sun Pharmaceutical Industries Ltd		3,117,280
	477,783		Tata Consultancy Services Ltd		14,515,353
	931,904	*	Tata Motors Ltd		1,291,576
	186,569	*	Tata Steel Ltd		917,406

284

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	229,624		Tata Tea Ltd	$	1,310,169
	234,982		Tech Mahindra Ltd		2,132,350
	163,273	*	Titan Industries Ltd		2,270,788
	26,877		Torrent Pharmaceuticals Ltd		957,211
	61,017		Ultra Tech Cement Ltd		3,352,068
	263,895	*	United Phosphorus Ltd		1,684,031
	151,767	*	United Spirits Ltd		1,177,378
	586,826		Wipro Ltd		2,199,736
	478,016	*	ZEE Telefilms Ltd		883,895
			TOTAL INDIA		268,314,958
INDONESIA - 1.4%
	7,213,054		Adaro Energy Tbk		539,522
	28,600,182		Bank Rakyat Indonesia		6,212,393
	1,388,960		Indofood CBP Sukses Makmur Tbk		875,337
	2,882,000	*	PT ACE Hardware Indonesia Tbk		345,352
	10,588,572		PT Astra International Tbk		3,729,968
	5,245,075		PT Bank Central Asia Tbk		11,234,803
	9,301,739		PT Bank Mandiri Persero Tbk		3,696,974
	3,531,959		PT Bank Negara Indonesia		1,116,613
	11,880,800	*	PT Barito Pacific Tbk		777,355
	3,661,600	*	PT Charoen Pokphand Indonesia Tbk		1,563,552
	1,610,200		PT Excelcomindo Pratama		276,648
	308,900	*	PT Gudang Garam Tbk		1,059,139
	4,259,009		PT Hanjaya Mandala Sampoerna Tbk		499,963
	1,424,305	*	PT Indah Kiat Pulp and Paper Corp Tbk		764,265
	777,417	*	PT Indocement Tunggal Prakarsa Tbk		660,122
	2,046,900		PT Indofood Sukses Makmur Tbk		907,211
	9,861,300		PT Kalbe Farma Tbk		1,060,808
	5,462,000		PT Perusahaan Gas Negara Persero Tbk		474,809
	1,455,900		PT Semen Gresik Persero Tbk		923,043
	25,882,883		PT Telekomunikasi Indonesia Persero Tbk		5,398,649
	3,785,145		PT Unilever Indonesia Tbk		2,181,773
	961,300		PT United Tractors Tbk		1,408,801
			TOTAL INDONESIA		45,707,100
KOREA, REPUBLIC OF - 11.4%
	16,790		Amorepacific Corp		2,346,342
	5,061		Amorepacific Corp (Preference)		261,911
	3,961		BGF retail Co Ltd		413,897
	138,454		BS Financial Group, Inc		598,432
	34,560	*	Celltrion Healthcare Co Ltd		2,744,357
	7,544	*	Celltrion Pharm Inc		747,823
	49,256	*	Celltrion, Inc		12,279,063
	33,095		Cheil Communications, Inc		534,188
	44,910		Cheil Industries, Inc		4,000,405
	4,382		CJ CheilJedang Corp		1,421,822
	7,960		CJ Corp		551,115
	5,823		CJ O Shopping Co Ltd		563,935
	13,976		Daelim Industrial Co		983,041
	98,128	*	Daewoo Engineering & Construction Co Ltd		287,966
	26,134		Daewoo International Corp		304,685
	156,000		Daewoo Securities Co Ltd		1,035,831
	19,701	*	Daewoo Shipbuilding & Marine Engineering Co Ltd		392,508

285

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	29,108		Dongbu Insurance Co Ltd	$	1,151,250
	32,942		Doosan Bobcat, Inc		746,096
	9,945		DuzonBIzon Co Ltd		876,861
	12,326		E-Mart Co Ltd		1,180,103
	23,470		Fila Korea Ltd		660,147
	9,472		GLOVIS Co Ltd		888,002
	32,023		GS Engineering & Construction Corp		726,125
	25,877		GS Holdings Corp		761,589
	12,051		GS Retail Co Ltd		347,807
	161,152		Hana Financial Group, Inc		3,999,021
	37,843		Hankook Tire Co Ltd		828,711
	3,480		Hanmi Pharm Co Ltd		770,780
	89,111		Hanon Systems		746,206
	55,280		Hanwha Chemical Corp		1,186,613
	23,754		Hanwha Corp		507,317
	23,577	*,e	HLB, Inc		1,658,568
	9,428		Honam Petrochemical Corp		1,337,079
	17,608		Hotel Shilla Co Ltd		1,041,815
	288,727		Hynix Semiconductor, Inc		20,215,581
	8,009		Hyundai Department Store Co Ltd		401,826
	38,599		Hyundai Engineering & Construction Co Ltd		1,114,973
	21,012	*	Hyundai Heavy Industries		1,577,927
	33,069		Hyundai Marine & Fire Insurance Co Ltd		647,225
	34,511		Hyundai Mobis		5,971,670
	79,583		Hyundai Motor Co		8,488,380
	18,250		Hyundai Motor Co Ltd (2nd Preference)		1,062,768
	12,263		Hyundai Motor Co Ltd (Preference)		712,078
	4,911		Hyundai Robotics Co Ltd		976,724
	51,201		Hyundai Steel Co		1,069,350
	148,772		Industrial Bank of Korea		1,015,148
	29,208		Kakao Corp		8,473,689
	56,962		Kangwon Land, Inc		1,093,572
	205,203		KB Financial Group, Inc		6,073,037
	2,671	*	KCC Glass Corp		72,134
	139,671		Kia Motors Corp		4,753,894
	13,605	*	KMW Co Ltd		816,011
	36,145		Korea Aerospace Industries Ltd		729,108
	134,877	*	Korea Electric Power Corp		2,163,839
	4,851	*	Korea Express Co Ltd		624,031
	16,318		Korea Gas Corp		347,948
	20,005		Korea Investment Holdings Co Ltd		819,406
	9,838		Korea Kumho Petrochemical		699,745
	4,054		Korea Zinc Co Ltd		1,409,688
	39,602	*	Korean Air Lines Co Ltd		580,142
	62,802		KT&G Corp		4,262,617
	24,087		LG Chem Ltd		11,533,810
	3,949		LG Chem Ltd (Preference)		885,693
	49,134		LG Corp		3,051,090
	54,355		LG Electronics, Inc		3,232,205
	4,875		LG Household & Health Care Ltd		5,622,475
	1,289		LG Household & Health Care Ltd (Preference)		773,941
	6,863		LG Innotek Co Ltd		931,540
	106,048		LG Telecom Ltd		1,020,857
	114,367	*	LG.Philips LCD Co Ltd		1,210,586

286

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	20,874		Lotte Corp	$	545,083
	6,195		Lotte Shopping Co Ltd		406,080
	149,331		Meritz Securities Co Ltd		386,745
	64,384		Naver Corp		16,356,863
	8,566		NCsoft		5,836,837
	11,717	*,g	Netmarble Corp		1,260,425
	13,154		Orion Corp/Republic of Korea		1,479,524
	732		Ottogi Corp		342,683
	14,492		Pacific Corp		649,111
	3,361	*	Pearl Abyss Corp		532,359
	39,502		POSCO		6,374,411
	10,900		POSCO Refractories & Environment Co Ltd		694,664
	8,530		S1 Corp (Korea)		647,978
	8,563	*,g	Samsung Biologics Co Ltd		5,279,586
	12,786		Samsung Card Co		303,668
	28,397		Samsung Electro-Mechanics Co Ltd		3,359,408
	2,513,037		Samsung Electronics Co Ltd		122,821,768
	435,253		Samsung Electronics Co Ltd (Preference)		18,179,559
	77,417	*	Samsung Engineering Co Ltd		776,479
	15,949		Samsung Fire & Marine Insurance Co Ltd		2,295,696
	254,190	*	Samsung Heavy Industries Co Ltd		1,224,955
	38,081		Samsung Life Insurance Co Ltd		1,521,259
	28,748		Samsung SDI Co Ltd		9,624,298
	18,265		Samsung SDS Co Ltd		2,559,934
	27,887		Samsung Securities Co Ltd		678,935
	236,868		Shinhan Financial Group Co Ltd		5,943,783
	3,832		Shinsegae Co Ltd		674,244
	18,740		SK C&C Co Ltd		3,493,060
	30,588		SK Energy Co Ltd		3,272,616
	10,693		SK Telecom Co Ltd		1,980,453
	25,625		S-Oil Corp		1,316,933
	191,612	*	STX Pan Ocean Co Ltd		567,173
	12,402	*	ViroMed Co Ltd		563,933
	27,959		Woongjin Coway Co Ltd		1,802,419
	275,742		Woori Financial Group, Inc		1,972,172
	54,605		Woori Investment & Securities Co Ltd		403,163
	24,790		Yuhan Corp		1,192,138
			TOTAL KOREA, REPUBLIC OF		380,636,514
LUXEMBOURG - 0.0%
	81,022		Reinet Investments S.C.A		1,537,148
			TOTAL LUXEMBOURG		1,537,148
MALAYSIA - 1.8%
	1,026,433		AMMB Holdings BHD		703,188
	3,442,481		Bumiputra-Commerce Holdings BHD		2,921,338
	73,000		Carlsberg Brewery-Malay BHD		435,911
	2,148,977		Dialog Group BHD		1,922,816
	1,546,925		Digi.Com BHD		1,551,006
	72,100		Fraser & Neave Holdings BHD		552,904
	906,460		Gamuda BHD		763,485
	1,181,075		Genting BHD		1,071,674
	90,100		Genting Plantations BHD		215,325
	350,600		HAP Seng Consolidated BHD		741,143

287

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	892,700		Hartalega Holdings BHD	$	4,289,527
	355,287		Hong Leong Bank BHD		1,261,312
	133,206		Hong Leong Credit BHD		425,074
	1,257,712		IHH Healthcare BHD		1,606,469
	1,287,000		IJM Corp BHD		487,027
	1,332,120		IOI Corp BHD		1,443,551
	217,611		Kuala Lumpur Kepong BHD		1,197,374
	2,089,050		Malayan Banking BHD		3,781,919
	523,176		Malaysia Airports Holdings BHD		653,617
	1,116,300		Maxis BHD		1,395,167
	752,600		MISC BHD		1,401,044
	40,200		Nestle Malaysia BHD		1,344,918
	1,310,400		Petronas Chemicals Group BHD		1,917,443
	180,700		Petronas Dagangan BHD		916,881
	419,500		Petronas Gas BHD		1,668,257
	338,740		PPB Group BHD		1,576,711
	742,612		Press Metal BHD		849,139
	1,540,123		Public Bank BHD		6,181,728
	391,300		QL Resources BHD		900,028
	1,507,500		Resorts World BHD		812,873
	880,370		RHB Capital BHD		1,042,486
	1,441,965		Sime Darby BHD		741,198
	1,145,365		Sime Darby Plantation BHD		1,411,087
	573,565		Telekom Malaysia BHD		541,277
	1,222,963		Tenaga Nasional BHD		3,300,395
	1,517,874		TM International BHD		1,147,436
	805,900		Top Glove Corp BHD		4,936,405
	557,400		Westports Holdings BHD		516,123
	1,501,166		YTL Corp BHD		276,622
			TOTAL MALAYSIA		58,901,878
MEXICO - 1.6%
	1,453,650		Alfa S.A. de C.V. (Class A)		786,428
	17,738,041		America Movil S.A. de C.V. (Series L)		11,150,537
	279,800		Becle SAB de C.V.		560,606
	8,102,697		Cemex S.A. de C.V.		2,483,055
	287,760		Coca-Cola Femsa SAB de C.V.		1,188,537
	251,225		Embotelladoras Arca SAB de C.V.		1,239,023
	1,646,800		Fibra Uno Administracion S.A. de C.V.		1,328,244
	1,024,611		Fomento Economico Mexicano S.A. de C.V.		6,287,166
	112,945		Gruma SAB de C.V.		1,325,347
	216,130		Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)		1,434,684
	100,291	*	Grupo Aeroportuario del Sureste S.A. de C.V. (Class B)		996,826
	881,520	e	Grupo Bimbo S.A. de C.V. (Series A)		1,587,964
	225,498		Grupo Carso S.A. de C.V. (Series A1)		445,220
	1,367,728	*	Grupo Financiero Banorte S.A. de C.V.		4,910,423
	1,079,144	*	Grupo Financiero Inbursa S.A.		775,354
	1,633,732		Grupo Mexico S.A. de C.V. (Series B)		4,126,357
	1,243,590	*	Grupo Televisa S.A.		1,391,390
	82,889		Industrias Penoles S.A. de C.V.		1,236,873
	318,600		Infraestructura Energetica ,NV SAB de C.V.		947,425
	823,442		Kimberly-Clark de Mexico S.A. de C.V. (Class A)		1,347,551
	146,600		Megacable Holdings SAB de C.V.		435,419
	531,523		Orbia Advance Corp SAB de C.V.		841,648

288

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	112,320	*	Promotora y Operadora de Infraestructura SAB de C.V.	$	824,572
	2,743,084		Wal-Mart de Mexico SAB de C.V.		6,437,712
			TOTAL MEXICO		54,088,361
PAKISTAN - 0.0%
	221,358		Habib Bank Ltd		162,510
	191,300		MCB Bank Ltd		203,818
	519,317		Oil & Gas Development Co Ltd		356,516
			TOTAL PAKISTAN		722,844
PERU - 0.2%
	132,022		Cia de Minas Buenaventura S.A. (ADR) (Series B)		1,565,781
	35,610		Credicorp Ltd (NY)		4,528,524
	45,344		Southern Copper Corp (NY)		1,981,986
			TOTAL PERU		8,076,291
PHILIPPINES - 0.8%
	1,176,304		Aboitiz Equity Ventures, Inc		1,157,066
	750,800		Aboitiz Power Corp		392,770
	14,194	*	Altus San Nicolas Corp		4,130
	152,663		Ayala Corp		2,268,412
	4,285,193		Ayala Land, Inc		2,906,126
	1,016,476		Banco de Oro Universal Bank		1,817,794
	621,449		Bank of the Philippine Islands		863,001
	20,581		Globe Telecom, Inc		863,716
	58,566		GT Capital Holdings, Inc		525,353
	587,400		International Container Term Services, Inc		1,153,191
	1,486,876		JG Summit Holdings (Series B)		1,893,781
	227,840		Jollibee Foods Corp		626,719
	142,886		Manila Electric Co		771,412
	4,426,900	*	Megaworld Corp		270,856
	6,294,000		Metro Pacific Investments Corp		401,213
	906,890		Metropolitan Bank & Trust		633,385
	45,360		PLDT, Inc		1,228,406
	542,600		Puregold Price Club, Inc		529,674
	1,053,143		Robinsons Land Corp		330,861
	126,985		SM Investments Corp		2,318,509
	5,192,349		SM Prime Holdings		3,183,890
	496,637		Universal Robina		1,240,276
			TOTAL PHILIPPINES		25,380,541
POLAND - 0.7%
	104,670	*	Bank Pekao S.A.		1,412,530
	20,184	*	Bank Zachodni WBK S.A.		809,609
	6,864		BRE Bank S.A.		341,610
	34,418	*	CD Projekt Red S.A.		3,693,030
	146,346	*	Cyfrowy Polsat S.A.		1,087,401
	27,235	*,g	Dino Polska S.A.		1,507,762
	56,287		Grupa Lotos S.A.		727,264
	71,195	*	KGHM Polska Miedz S.A.		2,396,839
	708	*	LPP S.A.		1,303,331
	982,160		Polish Oil & Gas Co		1,339,307
	441,908	*	Polska Grupa Energetyczna S.A.		777,461
	167,555		Polski Koncern Naftowy Orlen S.A.		2,385,760

289

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	470,970		Powszechna Kasa Oszczednosci Bank Polski S.A.	$	2,727,734
	315,296		Powszechny Zaklad Ubezpieczen S.A.		2,272,825
	333,889	*	Telekomunikacja Polska S.A.		626,107
			TOTAL POLAND		23,408,570
QATAR - 0.8%
	1,128,542		Barwa Real Estate Co		978,622
	948,910		Commercial Bank of Qatar QSC		1,073,329
	967,659		Industries Qatar QSC		2,076,409
	1,806,165		Masraf Al Rayan		1,961,448
	2,413,710		Mesaieed Petrochemical Holding Co		1,375,414
	412,631		Ooredoo QSC		764,194
	266,540		Qatar Electricity & Water Co		1,243,328
	275,910		Qatar Fuel QSC		1,228,817
	333,222		Qatar International Islamic Bank QSC		751,403
	575,479		Qatar Islamic Bank SAQ		2,549,231
	2,273,258		Qatar National Bank		11,320,225
			TOTAL QATAR		25,322,420
ROMANIA - 0.0%
	191,602		NEPI Rockcastle plc		997,479
			TOTAL ROMANIA		997,479
RUSSIA - 2.9%
	3,206,795		Gazprom (ADR)		15,713,296
	225,744		LUKOIL PJSC (ADR)		15,456,692
	150,105		Magnit OAO (GDR)		2,223,969
	31,218	*	Magnit PJSC (GDR)		462,963
	62,992		MMC Norilsk Nickel PJSC (ADR)		1,661,099
	272,296		MMC Norilsk Nickel PJSC (ADR) (London)		7,112,864
	276,149		Mobile TeleSystems (ADR)		2,446,680
	38,648		NovaTek OAO (GDR)		5,630,907
	11,062		Novatek PJSC (GDR)		1,621,689
	77,905		Novolipetsk Steel PJSC (GDR)		1,522,264
	54,326		PhosAgro OAO (GDR)		641,979
	21,898		PhosAgro PJSC (GDR)		258,834
	127,540		Polymetal International plc (ADR)		3,154,847
	23,352		Polyus PJSC (GDR)		2,670,152
	12,792	*	Polyus PJSC (GDR)		1,464,684
	735,147	*	Rosneft Oil Co PJSC (GDR)		3,483,126
	1,437,226	*	Sberbank of Russian Federation (ADR)		17,054,559
	43,480		Severstal (GDR)		530,891
	95,228		Severstal (GDR) (Equiduct)		1,159,725
	758,920		Surgutneftegaz (ADR) (London)		3,764,243
	107,678		Tatneft PAO (ADR)		4,792,691
	28,483		Tatneft PJSC (ADR)		1,276,038
	785,086	*	VTB Bank PJSC (GDR) Equiduct		770,308
	126,377	*	VTB Bank PJSC (GDR) Tradegate		125,113
	66,543		X 5 Retail Group NV (GDR)		2,497,356
			TOTAL RUSSIA		97,496,969
SAUDI ARABIA - 2.4%
	21,709		Abdullah Al Othaim Markets Co		693,437
	60,880		Advanced Petrochemical Co		829,738

290

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	619,646		Al Rajhi Bank	$	9,738,639
	465,681	*	Alinma Bank		1,811,871
	132,738		Almarai Co JSC		1,896,799
	312,240		Arab National Bank		1,619,895
	170,600		Bank AlBilad		1,067,397
	179,429		Bank Al-Jazira		570,287
	283,179		Banque Saudi Fransi		2,263,479
	28,460	*	Bupa Arabia for Cooperative Insurance Co		899,576
	26,430	*	Co for Cooperative Insurance		572,953
	283,763	*	Dar Al Arkan Real Estate Development Co		548,456
	249,998	*	Emaar Economic City		473,630
	181,790	*	Etihad Etisalat Co		1,309,203
	30,220		Jarir Marketing Co		1,236,589
	738,056		National Commercial Bank		7,139,455
	211,981	*	National Industrialization Co		585,733
	121,808	*	Rabigh Refining & Petrochemical Co		412,730
	673,772		Riyad Bank		3,043,328
	187,564		Sahara International Petrochemical Co		723,245
	489,230		Samba Financial Group		3,369,902
	19,234		Saudi Airlines Catering Co		422,188
	102,944		Saudi Arabian Fertilizer Co		2,144,058
	216,819	*	Saudi Arabian Mining Co		2,106,109
	614,469	g	Saudi Arabian Oil Co		5,396,099
	459,690		Saudi Basic Industries Corp		10,879,851
	363,200		Saudi British Bank		2,344,061
	45,258		Saudi Cement Co		675,781
	443,211		Saudi Electricity Co		1,846,144
	103,754		Saudi Industrial Investment Group		507,561
	380,181	*	Saudi Kayan Petrochemical Co		821,779
	301,602		Saudi Telecom Co		7,850,411
	138,500		Savola Group		1,712,043
	123,271		Yanbu National Petrochemical Co		1,705,729
			TOTAL SAUDI ARABIA		79,218,156
SINGAPORE - 0.0%
	104,800	g	BOC Aviation Ltd		606,630
			TOTAL SINGAPORE		606,630
SOUTH AFRICA - 3.3%
	413,363		Absa Group Ltd		1,915,739
	28,628		Anglo American Platinum Ltd		2,197,576
	212,270	*	Aspen Pharmacare Holdings Ltd		1,642,180
	170,677		Bid Corp Ltd		2,815,099
	153,193		Bidvest Group Ltd		1,182,519
	23,875		Capitec Bank Holdings Ltd		1,235,322
	135,609		Clicks Group Ltd		1,809,730
	190,194		Discovery Holdings Ltd		1,236,755
	126,179		Exxaro Resources Ltd		995,387
	2,534,499		FirstRand Ltd		5,772,472
	458,161		Gold Fields Ltd		6,058,767
	1,672,109		Growthpoint Properties Ltd		1,302,634
	423,446		Impala Platinum Holdings Ltd		3,780,111
	33,648		Kumba Iron Ore Ltd		1,088,105
	682,932		Life Healthcare Group Holdings Pte Ltd		696,909

291

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	384,525		Momentum Metropolitan Holdings	$	372,068
	143,699		Mr Price Group Ltd		1,062,702
	904,109	e	MTN Group Ltd		3,162,315
	242,531	*	MultiChoice Group Ltd		1,494,474
	233,744		Naspers Ltd (N Shares)		42,530,007
	231,067		Nedbank Group Ltd		1,418,156
	185,040	*	Northam Platinum Ltd		1,460,633
	382,703	e,g	Pepkor Holdings Ltd		225,228
	213,334		Pick’n Pay Stores Ltd		562,110
	70,305		PSG Group Ltd		629,007
	364,853		Rand Merchant Investment Holdings Ltd		678,960
	269,290		Remgro Ltd		1,452,046
	940,999		Sanlam Ltd		3,330,094
	295,991	*,e	Sasol Ltd		2,392,683
	288,364		Shoprite Holdings Ltd		1,761,638
	1,196,628	*	Sibanye Stillwater Ltd		3,385,012
	104,005		Spar Group Ltd		1,001,984
	652,205		Standard Bank Group Ltd		4,147,969
	96,741		Tiger Brands Ltd		997,929
	329,293		Vodacom Group Pty Ltd		2,474,068
	566,283		Woolworths Holdings Ltd		1,047,350
			TOTAL SOUTH AFRICA		109,315,738
TAIWAN - 12.8%
	270,000		Accton Technology Corp		2,115,176
	1,648,380		Acer, Inc		1,138,738
	202,407		Advantech Co Ltd		2,130,171
	1,804,011		ASE Industrial Holding Co Ltd		4,621,825
	1,175,512		Asia Cement Corp		1,602,402
	396,500		Asustek Computer, Inc		2,924,333
	4,781,000	*	AU Optronics Corp		1,628,672
	373,389		Catcher Technology Co Ltd		2,756,978
	4,225,604		Cathay Financial Holding Co Ltd		5,712,264
	639,882		Chailease Holding Co Ltd		2,677,904
	2,826,773		Chang Hwa Commercial Bank		1,832,516
	1,084,922		Cheng Shin Rubber Industry Co Ltd		1,258,486
	317,079		Chicony Electronics Co Ltd		939,170
	957,000	*	China Airlines		261,050
	6,002,754		China Development Financial Holding Corp		1,770,504
	1,188,133		China Life Insurance Co Ltd (Taiwan)		824,045
	6,182,151		China Steel Corp		4,182,269
	9,613,282		Chinatrust Financial Holding Co		6,366,329
	2,010,763		Chunghwa Telecom Co Ltd		7,514,489
	2,273,000		Compal Electronics, Inc		1,443,596
	1,014,768		Delta Electronics, Inc		6,936,407
	5,920,875		E.Sun Financial Holding Co Ltd		5,478,619
	93,316		Eclat Textile Co Ltd		1,102,969
	859,554		Eva Airways Corp		318,716
	898,980	*	Evergreen Marine Corp Tawain Ltd		337,435
	1,583,071		Far Eastern Textile Co Ltd		1,384,350
	857,000		Far EasTone Telecommunications Co Ltd		1,846,389
	187,928	*	Feng TAY Enterprise Co Ltd		1,125,612
	5,162,112		First Financial Holding Co Ltd		4,159,865
	1,899,173		Formosa Chemicals & Fibre Corp		4,369,365

292

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
	647,064		Formosa Petrochemical Corp	$	1,803,502
	2,041,453		Formosa Plastics Corp		5,467,424
	449,000		Formosa Taffeta Co Ltd		463,105
	439,512		Foxconn Technology Co Ltd		814,260
	3,608,646		Fubon Financial Holding Co Ltd		5,139,383
	5,080,124		Fuhwa Financial Holdings Co Ltd		3,125,692
	160,000		Giant Manufacturing Co Ltd		1,684,821
	117,509		Globalwafers Co Ltd		1,682,113
	400,420		Highwealth Construction Corp		584,896
	120,795		Hiwin Technologies Corp		1,273,970
	6,609,002		Hon Hai Precision Industry Co, Ltd		17,663,403
	157,608		Hotai Motor Co Ltd		3,604,639
	4,079,706		Hua Nan Financial Holdings Co Ltd		2,798,089
	4,190,487		InnoLux Display Corp		1,186,860
	1,362,060		Inventec Co Ltd		1,160,082
	54,125		Largan Precision Co Ltd		7,062,688
	1,104,778		Lite-On Technology Corp		1,869,052
	792,170		MediaTek, Inc		18,915,478
	5,698,125		Mega Financial Holding Co Ltd		6,290,467
	336,000		Micro-Star International Co Ltd		1,494,794
	2,703,860		Nan Ya Plastics Corp		5,638,401
	666,000		Nanya Technology Corp		1,378,155
	97,000		Nien Made Enterprise Co Ltd		1,065,020
	303,474		Novatek Microelectronics Corp Ltd		3,008,293
	1,021,000		Pegatron Technology Corp		2,141,908
	75,000		Phison Electronics Corp		752,462
	1,263,512		Pou Chen Corp		1,145,483
	366,000		Powertech Technology, Inc		1,222,684
	316,000	*	President Chain Store Corp		3,018,474
	1,527,000	*	Quanta Computer, Inc		4,266,391
	254,085		Realtek Semiconductor Corp		3,241,660
	284,048		Ruentex Development Co Ltd		492,403
	1,679,421		Shanghai Commercial & Savings Bank Ltd		2,426,829
	5,149,536	*	Shin Kong Financial Holding Co Ltd		1,496,451
	5,063,717		SinoPac Financial Holdings Co Ltd		1,840,694
	242,777		Standard Foods Corp		507,898
	702,050		Synnex Technology International Corp		1,048,659
	4,678,297		Taishin Financial Holdings Co Ltd		2,132,069
	2,607,100		Taiwan Business Bank		899,351
	2,461,827		Taiwan Cement Corp		3,781,393
	4,577,941		Taiwan Cooperative Financial Holding		3,343,688
	1,087,000		Taiwan High Speed Rail Corp		1,237,490
	892,859		Taiwan Mobile Co Ltd		3,199,191
	12,945,848		Taiwan Semiconductor Manufacturing Co Ltd		188,408,661
	1,078,000	*	Tatung Co Ltd		588,092
	2,606,908		Uni-President Enterprises Corp		6,362,558
	5,852,452		United Microelectronics Corp		4,437,884
	489,000		Vanguard International Semiconductor Corp		1,584,998
	173,000		Walsin Technology Corp		1,036,492
	184,878		Win Semiconductors Corp		1,993,667
	1,409,000		Winbond Electronics Corp		630,420
	1,484,560		Wistron Corp		1,739,446
	40,000		Wiwynn Corp		1,072,436
	786,660		WPG Holdings Co Ltd		1,070,113

293

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES		COMPANY	VALUE
	195,009	Yageo Corp	$	2,589,467
	308,127	Zhen Ding Technology Holding Ltd		1,420,495
		TOTAL TAIWAN		427,065,138
TANZANIA, UNITED REPUBLIC OF - 0.2%
	216,177	AngloGold Ashanti Ltd		7,052,533
		TOTAL TANZANIA, UNITED REPUBLIC OF		7,052,533
THAILAND - 2.0%
	657,600	Advanced Info Service PCL (Foreign)		3,903,616
	2,265,400	Airports of Thailand PCL (Foreign)		3,753,066
	3,258,300	Asset World Corp PCL		421,211
	341,700	B Grimm Power PCL		538,443
	306,148	Bangkok Bank PCL (Foreign)		979,045
	945,100	Bangkok Commercial Asset Management PCL		748,997
	4,771,300	Bangkok Dusit Medical Services PCL (Foreign)		3,391,160
	3,279,100	Bangkok Expressway & Metro PCL		932,464
	502,500	Berli Jucker PCL		597,645
	3,990,500	BTS Group Holdings PCL		1,343,710
	195,100	Bumrungrad Hospital PCL (Foreign)		718,143
	1,108,400	Central Pattana PCL (Foreign)		1,721,338
	862,216	Central Retail Corp PCL		816,198
	2,126,680	Charoen Pokphand Foods PCL		2,304,502
	3,103,655	CP Seven Eleven PCL (Foreign)		6,795,080
	152,000	Electricity Generating PCL		1,158,469
	697,100	Energy Absolute PCL (Foreign)		1,060,189
	310,400	Global Power Synergy Co Ltd (Foreign)		683,583
	1,135,500	Gulf Energy Development PCL		1,231,202
	3,045,126	Home Product Center PCL (Foreign)		1,523,860
	742,978	Indorama Ventures PCL (Foreign)		597,665
	1,192,400	Intouch Holdings PCL (Class F)		2,139,736
	8,616,500	IRPC PCL (Foreign)		704,244
	932,149	Kasikornbank PCL (Foreign)		2,443,372
	1,816,360	Krung Thai Bank PCL (Foreign)		575,460
	548,100	Krungthai Card PCL		542,483
	3,752,000	Land and Houses PCL Co Reg		892,797
	1,116,870	Minor International PCL (Foreign)		654,021
	362,200	Muangthai Capital PCL		582,703
	321,200	Osotspa PCL		438,467
	844,098	PTT Exploration & Production PCL (Foreign)		2,473,948
	1,205,429	PTT Global Chemical PCL (Foreign)		1,823,040
	6,225,100	PTT PCL (Foreign)		7,508,098
	424,400	Ratch Group PCL		814,502
	413,558	Siam Cement PCL (Foreign)		5,074,327
	463,800	Siam Commercial Bank PCL (Foreign)		999,824
	294,900	Srisawad Corp PCL		455,236
	684,500	Thai Oil PCL (Foreign)		925,987
	1,393,400	Thai Union Group PCL		599,533
	7,335,631	TMB Bank PCL (Foreign)		224,094
	371,800	Total Access Communication PCL (Foreign)		438,046
	6,115,448	True Corp PCL (Foreign)		659,429
		TOTAL THAILAND		66,188,933

294

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY	VALUE
TURKEY - 0.4%
	1,635,208	*	Akbank TAS	$	1,225,295
	90,802		Anadolu Efes Biracilik Ve Malt Sanayii AS		251,522
	185,457		Aselsan Elektronik Sanayi Ve Ticaret AS		935,109
	244,436		BIM Birlesik Magazalar AS		2,495,535
	812,172		Eregli Demir ve Celik Fabrikalari TAS		887,315
	34,477		Ford Otomotiv Sanayi AS		408,499
	466,615		Haci Omer Sabanci Holding AS		559,164
	439,680		KOC Holding AS		1,019,048
	137,158		TAV Havalimanlari Holding AS		327,091
	72,453	*	Tupras Turkiye Petrol Rafine		858,607
	285,468	*	Turk Hava Yollari		433,851
	588,201		Turkcell Iletisim Hizmet AS		1,248,575
	1,223,864	*	Turkiye Garanti Bankasi AS		1,230,210
	753,373	*	Turkiye Is Bankasi (Series C)		518,587
	1,496,703	*	Yapi ve Kredi Bankasi		459,150
			TOTAL TURKEY		12,857,558
UNITED ARAB EMIRATES - 0.5%
	1,471,493		Abu Dhabi Commercial Bank PJSC		2,016,397
	1,907,605		Aldar Properties PJSC		906,355
	974,882		Dubai Islamic Bank PJSC		996,439
	1,119,316	*	Emaar Malls Group PJSC		407,354
	1,874,053	*	Emaar Properties PJSC		1,325,374
	662,513		Emirates NBD Bank PJSC		1,606,736
	924,216		Emirates Telecommunications Group Co PJSC		4,178,818
	1,417,591		National Bank of Abu Dhabi PJSC		4,298,751
			TOTAL UNITED ARAB EMIRATES		15,736,224
UNITED KINGDOM - 0.1%
	2,588,203		Old Mutual Ltd		1,737,954
			TOTAL UNITED KINGDOM		1,737,954
UNITED STATES - 0.9%
	68,158		iShares MSCI South Korea Index Fund		4,107,201
	611,179		Vanguard Emerging Markets ETF		26,286,809
			TOTAL UNITED STATES		30,394,010
			TOTAL COMMON STOCKS		3,323,887,540
			(Cost $2,732,403,527)
PREFERRED STOCKS - 0.0%
PHILIPPINES - 0.0%
	307,700	*,†	Ayala Land, Inc		626
			TOTAL PHILIPPINES		626
			TOTAL PREFERRED STOCKS		626
			(Cost $725)
RIGHTS / WARRANTS - 0.0%
BRAZIL - 0.0%
	7,628		B2W Cia Digital		10,236

295

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

SHARES			COMPANY					VALUE
	179,386		IRB Brasil Resseguros S					$	34,388
			TOTAL BRAZIL						44,624
CHINA - 0.0%
	12,923	†	Legend Holdings Corp						2,168
			TOTAL CHINA						2,168
INDIA - 0.0%
	7,989		Shriram Transport Finance Co Ltd						73,571
			TOTAL INDIA						73,571
THAILAND - 0.0%
	267,460		BTS Group Holdings PCL						7,891
			TOTAL THAILAND						7,891
			TOTAL RIGHTS / WARRANTS						128,254
			(Cost $60,847)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 0.5%
REPURCHASE AGREEMENT - 0.1%
$	4,420,000	r	Fixed Income Clearing Corp (FICC)		0.080	%	08/03/20		4,420,000
			TOTAL REPURCHASE AGREEMENT						4,420,000
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.4%
	11,173,781	c	State Street Navigator Securities Lending Government Money Market Portfolio						11,173,781
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						11,173,781
			TOTAL SHORT-TERM INVESTMENTS						15,593,781
			(Cost $15,593,781)
			TOTAL INVESTMENTS - 100.1%						3,339,610,201
			(Cost $2,748,058,880)
			OTHER ASSETS & LIABILITIES, NET - (0.1)%						(3,318,357	)
			NET ASSETS - 100.0%					$	3,336,291,844
			Abbreviation(s):
ADR			American Depositary Receipt
ETF			Exchange Traded Fund
GDR			Global 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.

296

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $34,786,457.
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 7/31/2020, the aggregate value of these securities is $92,971,361 or 2.8% of net assets.
r	Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $4,420,000 on 8/1/20, collateralized by U.S. Treasury Notes valued at $4,508,469.

297

TIAA-CREF FUNDS - Emerging Markets Equity Index Fund

TIAA-CREF FUNDS

EMERGING MARKETS EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2020

				% OF
SECTOR	VALUE			NET ASSETS
FINANCIALS	$	624,656,448			18.7	%
INFORMATION TECHNOLOGY		606,641,875			18.2
CONSUMER DISCRETIONARY		594,648,013			17.8
COMMUNICATION SERVICES		429,526,681			12.9
MATERIALS		227,133,067			6.8
CONSUMER STAPLES		212,274,517			6.3
ENERGY		185,941,930			5.6
INDUSTRIALS		152,935,927			4.6
HEALTH CARE		139,901,714			4.2
REAL ESTATE		79,706,666			2.4
UTILITIES		70,649,582			2.1
SHORT-TERM INVESTMENTS		15,593,781			0.5
OTHER ASSETS & LIABILITIES, NET		(3,318,357	)		(0.1	)
NET ASSETS	$	3,336,291,844			100.0	%

298

TIAA-CREF FUNDS - International Equity Index Fund

TIAA-CREF FUNDS

INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

SHARES			COMPANY	VALUE
COMMON STOCKS - 98.9%
AUSTRALIA - 7.7%
	217,329	*	Afterpay Touch Group Ltd	$	10,570,611
	649,541		AGL Energy Ltd		7,694,112
	3,420,967	*	AMP Ltd		3,559,526
	245,861		Ampol Ltd		4,608,667
	1,174,880		APA Group		9,203,638
	575,841		Aristocrat Leisure Ltd		10,796,737
	2,170,422		AusNet Services		2,773,174
	2,842,184		Australia & New Zealand Banking Group Ltd		36,097,703
	196,342		Australian Stock Exchange Ltd		11,568,594
	989,098	*,†	AZ BGP Holdings		2,826
	2,958,940		BHP Billiton Ltd		77,905,477
	2,121,338		BHP Group plc		45,870,569
	503,380		BlueScope Steel Ltd		4,025,722
	1,552,597		Brambles Ltd		11,987,247
	98,626		CIMIC Group Ltd		1,517,405
	523,763		Coca-Cola Amatil Ltd		3,056,945
	64,918		Cochlear Ltd		8,858,950
	1,324,819		Coles Group Ltd		17,175,890
	1,775,886		Commonwealth Bank of Australia		90,347,925
	483,279		Computershare Ltd		4,625,389
	440,102		Crown Resorts Ltd		2,813,678
	455,653		CSL Ltd		88,625,716
	1,087,164		Dexus Property Group		6,599,494
	1,628,693		Evolution Mining Ltd		6,957,791
	1,701,621		Fortescue Metals Group Ltd		21,180,429
	10,044,662		Glencore Xstrata plc		22,987,744
	1,648,132		Goodman Group		20,038,972
	1,906,414		GPT Group		5,275,515
	2,317,844		Insurance Australia Group Ltd		8,438,330
	652,882		Lend Lease Corp Ltd		5,303,733
	343,794		Macquarie Group Ltd		30,213,282
	126,725		Magellan Financial Group Ltd		5,505,600
	2,825,466		Medibank Pvt Ltd		5,642,726
	3,874,441		Mirvac Group		5,765,584
	3,207,135		National Australia Bank Ltd		40,038,118
	810,561		Newcrest Mining Ltd		20,649,692
	753,993		Northern Star Resources Ltd		8,557,618
	1,971,125		Oil Search Ltd		4,068,400
	405,354		Orica Ltd		5,021,109
	1,738,503		Origin Energy Ltd		6,656,514
	749,831		Qantas Airways Ltd		1,719,185
	1,456,084		QBE Insurance Group Ltd		10,197,643
	2,065,488		QR National Ltd		6,586,735
	184,363		Ramsay Health Care Ltd		8,148,682
	56,269		REA Group Ltd		4,345,081

299

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	372,836		Rio Tinto Ltd	$	27,287,362
	1,126,056		Rio Tinto plc		68,545,485
	1,802,574		Santos Ltd		6,733,170
	5,279,984		Scentre Group		7,652,249
	323,396		Seek Ltd		4,974,010
	453,456		Sonic Healthcare Ltd		10,381,696
	4,865,345		South32 Ltd		7,143,497
	2,430,894		Stockland Trust Group		5,494,089
	1,246,944		Suncorp-Metway Ltd		7,616,103
	1,133,815		Sydney Airport		4,246,518
	1,975,248		Tabcorp Holdings Ltd		4,995,051
	4,275,373		Telstra Corp Ltd		10,237,466
	378,090	*	TPG Telecom Ltd		2,171,816
	2,744,342		Transurban Group		27,145,679
	726,907		Treasury Wine Estates Ltd		5,580,999
	3,931,053		Vicinity Centres		3,631,387
	110,235	e	Washington H Soul Pattinson & Co Ltd		1,537,838
	1,132,450		Wesfarmers Ltd		37,651,401
	3,619,764		Westpac Banking Corp		43,468,905
	142,586	e	Wisetech Global Ltd		2,096,237
	934,828		Woodside Petroleum Ltd		13,298,991
	1,265,363		Woolworths Ltd		35,030,353
			TOTAL AUSTRALIA		1,050,504,780
AUSTRIA - 0.2%
	70,422		Andritz AG.		2,364,372
	282,439	*	Erste Bank der Oesterreichischen Sparkassen AG.		6,321,901
	67,802	e	Oest Elektrizitatswirts AG. (Class A)		3,557,294
	147,355	*	OMV AG.		4,653,740
	152,534	*	Raiffeisen International Bank Holding AG.		2,623,869
	113,058		Voestalpine AG.		2,496,398
			TOTAL AUSTRIA		22,017,574
BELGIUM - 0.9%
	177,205		Ageas		6,633,856
	765,688		Anheuser-Busch InBev S.A.		41,579,293
	56,254		Colruyt S.A.		3,267,041
	30,968	e	Elia System Operator S.A.		3,370,470
	42,486	*	Galapagos NV		7,887,314
	32,654		Groupe Bruxelles Lambert S.A.		2,832,428
	78,733		Groupe Bruxelles Lambert S.A. (EN Brussels)		6,829,345
	250,734		KBC Groep NV		14,295,940
	148,191		Proximus plc		3,048,439
	14,981		Sofina S.A.		4,196,118
	73,574		Solvay S.A.		5,710,312
	51,120		Telenet Group Holding NV		1,983,068
	127,099		UCB S.A.		16,331,174
	197,773		Umicore S.A.		9,340,248
			TOTAL BELGIUM		127,305,046
CHILE - 0.0%
	388,258		Antofagasta plc		5,162,204
			TOTAL CHILE		5,162,204

300

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
CHINA - 0.2%
	38,600	*	BeiGene Ltd (ADR)	$	8,067,400
	1,700,800	g	Budweiser Brewing Co APAC Ltd		6,171,867
	1,926,356		Wilmar International Ltd		6,511,479
	2,425,338		Yangzijiang Shipbuilding		1,625,232
			TOTAL CHINA		22,375,978
DENMARK - 2.5%
	163,359	e	Ambu A.S.		5,703,448
	3,256		AP Moller - Maersk AS (Class A)		3,865,661
	6,550		AP Moller - Maersk AS (Class B)		8,432,679
	105,741		Carlsberg AS (Class B)		15,616,836
	105,429		Christian Hansen Holding		12,030,770
	118,879		Coloplast AS		20,292,317
	695,411		Danske Bank AS		11,262,824
	212,204		DSV AS		29,037,033
	65,332	*	Genmab AS		22,487,694
	129,581		GN Store Nord		7,968,582
	69,398		H Lundbeck AS		2,530,257
	1,776,201		Novo Nordisk AS		116,541,112
	213,464		Novozymes AS		12,769,268
	189,625	g	Orsted AS		27,026,294
	101,082		Pandora AS		6,428,942
	117,954		Tryg A.S.		3,470,936
	199,738		Vestas Wind Systems AS		25,603,408
	109,916	*,e	William Demant Holding A.S.		3,412,095
			TOTAL DENMARK		334,480,156
FINLAND - 1.2%
	143,088		Elisa Oyj (Series A)		8,486,352
	444,063		Fortum Oyj		9,013,051
	341,126		Kone Oyj (Class B)		27,088,380
	426,373		Neste Oil Oyj		19,583,968
	5,673,535		Nokia Oyj (Turquoise)		27,233,659
	3,251,972		Nordea Bank Abp		25,118,498
	104,801		Orion Oyj (Class B)		4,572,369
	473,318		Sampo Oyj (A Shares)		17,107,727
	592,286		Stora Enso Oyj (R Shares)		7,428,279
	536,301		UPM-Kymmene Oyj		14,315,845
	445,868		Wartsila Oyj (B Shares)		3,729,181
			TOTAL FINLAND		163,677,309
FRANCE - 10.5%
	190,749		Accor S.A.		4,801,613
	29,703		Aeroports de Paris		2,800,146
	474,455		Air Liquide		78,038,465
	590,049		Airbus SE		43,189,223
	191,304	*	Alstom RGPT		10,660,056
	60,842	g	Amundi S.A.		4,629,004
	68,395		Arkema		7,115,484
	97,603		Atos Origin S.A.		8,345,946
	1,944,624		AXA S.A.		39,016,330
	44,226		BioMerieux		7,127,949
	1,129,558		BNP Paribas S.A.		45,570,613

301

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	829,848		Bollore	$	2,784,429
	229,656		Bouygues S.A.		8,112,960
	289,189		Bureau Veritas S.A.		6,362,099
	161,458		Cap Gemini S.A.		20,940,194
	596,287		Carrefour S.A.		9,476,741
	43,847	*,e	Casino Guichard Perrachon S.A.		1,215,394
	178,322		CNP Assurances		2,165,880
	520,039		Compagnie de Saint-Gobain		19,238,860
	1,160,324		Credit Agricole S.A.		11,168,994
	617,997	e	Danone		41,364,560
	2,467		Dassault Aviation S.A.		2,023,015
	131,528		Dassault Systemes S.A.		23,950,387
	243,662		Edenred		12,086,666
	82,488		Eiffage S.A.		7,208,865
	635,202		Electricite de France		6,432,417
	285,203		Essilor International S.A.		37,987,607
	38,059		Eurazeo		1,991,947
	78,849		Faurecia		3,044,970
	50,562		Fonciere Des Regions		3,633,785
	1,833,284		Gaz de France		24,421,478
	44,892		Gecina S.A.		5,823,490
	450,817		Getlink S.E.		6,782,747
	31,694		Hermes International		25,695,578
	28,052		Icade		1,846,155
	14,885	e	Iliad S.A.		2,911,082
	61,108	e	Ingenico		9,889,316
	36,957		Ipsen		3,544,265
	76,585		JC Decaux S.A.		1,295,456
	76,063		Kering		43,103,844
	198,816		Klepierre		3,443,246
	82,735	g	La Francaise des Jeux SAEM		3,030,582
	266,081		Legrand S.A.		20,583,569
	252,119		L’Oreal S.A.		84,618,166
	278,843		LVMH Moet Hennessy Louis Vuitton S.A.		121,252,951
	169,795		Michelin (C.G.D.E.) (Class B)		17,585,003
	968,437		Natixis		2,368,788
	1,997,654		Orange S. A.		23,414,263
	51,477		Orpea		6,567,268
	212,460		Pernod-Ricard S.A.		36,511,197
	590,626		Peugeot S.A.		9,494,146
	216,469		Publicis Groupe S.A.		6,921,825
	25,805	e	Remy Cointreau S.A.		4,138,556
	192,806		Renault S.A.		4,582,080
	322,043		Safran S.A.		34,249,830
	1,132,573		Sanofi-Aventis		118,916,888
	28,165		Sartorius Stedim Biotech		8,809,506
	555,017		Schneider Electric S.A.		63,640,180
	159,047	*	SCOR SE		4,093,389
	22,542		SEB S.A.		3,722,176
	819,537		Societe Generale		12,617,032
	88,305		Sodexho Alliance S.A.		6,094,293
	339,662		Suez Environnement S.A.		4,479,722
	58,793		Teleperformance		17,206,669
	106,932		Thales S.A.		7,730,265

302

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	2,482,415		Total S.A.	$	93,943,763
	90,741	*	Ubisoft Entertainment		7,578,908
	113,135		Unibail-Rodamco-Westfield		5,934,449
	26,252		Unibail-Rodamco-Westfield (Paris)		1,376,717
	241,617		Valeo S.A.		6,200,466
	541,681		Veolia Environnement		12,408,606
	517,882		Vinci S.A.		44,571,549
	827,371		Vivendi Universal S.A.		21,955,460
	26,683		Wendel		2,504,358
	138,223	*,g	Worldline S.A.		11,891,233
			TOTAL FRANCE		1,432,235,109
GERMANY - 9.3%
	191,173		Adidas-Salomon AG.		52,721,162
	419,491		Allianz AG.		87,033,584
	1,155,297		Aroundtown S.A.		6,956,713
	923,003		BASF SE		50,918,439
	986,638		Bayer AG.		65,545,820
	331,298		Bayerische Motoren Werke AG.		21,186,657
	57,931		Bayerische Motoren Werke AG. (Preference)		2,944,230
	102,470		Beiersdorf AG.		12,235,484
	151,994		Brenntag AG.		9,380,005
	39,583		Carl Zeiss Meditec AG.		4,142,718
	1,003,008		Commerzbank AG.		5,154,610
	109,678		Continental AG.		10,594,758
	176,084	g	Covestro AG.		6,833,362
	861,225		Daimler AG. (Registered)		37,656,213
	128,552	*,g	Delivery Hero AG.		14,756,665
	516,605		Deutsche Annington Immobilien SE		33,391,198
	1,972,685	*	Deutsche Bank AG. (Registered)		17,739,328
	190,519		Deutsche Boerse AG.		34,663,753
	235,614	*,e	Deutsche Lufthansa AG.		2,067,151
	989,707		Deutsche Post AG.		40,172,377
	3,344,573		Deutsche Telekom AG.		55,836,800
	343,105		Deutsche Wohnen AG.		16,694,267
	2,249,913		E.ON AG.		26,414,009
	211,457		Evonik Industries AG.		5,712,767
	40,235		Fraport AG. Frankfurt Airport Services Worldwide		1,572,859
	213,733		Fresenius Medical Care AG.		18,830,321
	419,852		Fresenius SE		20,947,969
	67,810		Fuchs Petrolub AG. (Preference)		2,961,119
	152,785		GEA Group AG.		5,514,866
	60,526		Hannover Rueckversicherung AG.		10,239,203
	150,122		HeidelbergCement AG.		8,331,082
	104,510		Henkel KGaA		9,080,984
	178,785		Henkel KGaA (Preference)		17,579,014
	24,663		Hochtief AG.		2,013,727
	1,255,096		Infineon Technologies AG.		31,999,142
	64,691		KION Group AG.		4,944,073
	49,880		Knorr-Bremse AG.		5,836,325
	83,021	*	Lanxess AG.		4,305,942
	69,192		LEG Immobilien AG.		9,647,891
	128,560		Merck KGaA		16,430,710
	176,183		Metro Wholesale & Food Specialist AG.		1,607,385

303

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	52,919		MTU Aero Engines Holding AG.	$	9,175,485
	144,976		Muenchener Rueckver AG.		38,429,282
	57,497		Nemetschek AG.		4,214,868
	156,686	*	Porsche AG.		8,868,890
	83,887		Puma AG. Rudolf Dassler Sport		6,529,586
	586,071		RWE AG.		22,091,576
	1,048,039		SAP AG.		165,436,463
	35,661		Sartorius AG.		13,720,987
	105,377	g	Scout24 AG.		9,057,942
	768,507		Siemens AG.		97,935,452
	152,917	g	Siemens Healthineers AG.		7,961,087
	130,825		Symrise AG.		16,354,529
	129,676	*,g	TeamViewer AG.		6,988,401
	1,003,436		Telefonica Deutschland Holding AG.		2,737,935
	413,856	*	ThyssenKrupp AG.		3,216,865
	201,877		Uniper SE		6,969,428
	103,263		United Internet AG.		4,685,754
	32,842		Volkswagen AG.		5,113,244
	186,049	*	Volkswagen AG. (Preference)		27,233,296
	152,477	*,g	Zalando SE		11,007,347
			TOTAL GERMANY		1,260,323,099
HONG KONG - 2.9%
	12,131,538		AIA Group Ltd		109,389,336
	307,612		ASM Pacific Technology		3,472,097
	1,254,221		Bank of East Asia Ltd		2,856,480
	3,713,044		BOC Hong Kong Holdings Ltd		10,352,175
	2,600,303		CK Asset Holdings Ltd		14,438,620
	646,869		CK Infrastructure Holdings Ltd		3,373,159
	1,657,459		CLP Holdings Ltd		15,672,426
	372,615		Dairy Farm International Holdings Ltd		1,600,991
	1,974,971		Hang Lung Properties Ltd		4,845,314
	749,468		Hang Seng Bank Ltd		11,792,536
	1,418,108		Henderson Land Development Co Ltd		5,307,316
	3,030,627		HK Electric Investments & HK Electric Investments Ltd		3,136,371
	3,855,931		HKT Trust and HKT Ltd		5,681,670
	10,682,694		Hong Kong & China Gas Ltd		15,306,488
	1,402,985		Hong Kong Electric Holdings Ltd		7,813,312
	1,200,647		Hong Kong Exchanges and Clearing Ltd		57,166,571
	1,122,055		Hongkong Land Holdings Ltd		4,274,127
	220,761		Jardine Matheson Holdings Ltd		9,028,526
	218,250		Jardine Strategic Holdings Ltd		4,396,685
	681,448		Kerry Properties Ltd		1,621,576
	2,051,907		Link REIT		15,920,896
	225,745		Melco Crown Entertainment Ltd (ADR)		3,715,763
	1,602,897		MTR Corp		7,965,823
	1,527,762		New World Development Co Ltd		7,459,712
	1,441,078		NWS Holdings Ltd		1,117,040
	5,127,780		PCCW Ltd		2,890,803
	3,140,645		Sino Land Co		3,805,475
	2,039,375		SJM Holdings Ltd		2,301,151
	1,309,019		Sun Hung Kai Properties Ltd		15,920,015
	511,946		Swire Pacific Ltd (Class A)		2,520,903
	1,142,054		Swire Properties Ltd		2,639,278

304

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	1,378,931		Techtronic Industries Co	$	14,422,287
	9,488,186	g	WH Group Ltd		8,445,975
	1,661,914		Wharf Real Estate Investment Co Ltd		5,877,951
			TOTAL HONG KONG		386,528,848
IRELAND - 0.7%
	135,302	*	AerCap Holdings NV		3,643,683
	789,548		CRH plc		28,746,271
	158,950		Kerry Group plc (Class A)		21,052,364
	152,675		Kingspan Group plc		10,952,901
	153,669		Paddy Power plc		23,283,604
	227,324		Smurfit Kappa Group plc		7,679,713
			TOTAL IRELAND		95,358,536
ISRAEL - 0.6%
	42,657		Azrieli Group		2,074,761
	1,127,032		Bank Hapoalim Ltd		6,800,444
	1,455,437		Bank Leumi Le-Israel		7,378,165
	115,788	*	Check Point Software Technologies		14,514,026
	26,328		Elbit Systems Ltd		3,720,542
	708,509		Israel Chemicals Ltd		2,211,553
	1,188,429		Israel Discount Bank Ltd		3,653,949
	140,417		Mizrahi Tefahot Bank Ltd		2,943,123
	61,823	*	Nice Systems Ltd		12,697,615
	1,100,470	*	Teva Pharmaceutical Industries Ltd (ADR)		12,699,424
	51,577	*	Wix.com Ltd		14,982,087
			TOTAL ISRAEL		83,675,689
ITALY - 2.1%
	1,098,874		Assicurazioni Generali S.p.A.		16,500,356
	503,659	*	Autostrade S.p.A.		8,069,197
	599,347		Davide Campari-Milano NV		6,050,630
	25,075		DiaSorin S.p.A.		4,946,058
	8,165,259		Enel S.p.A.		74,798,071
	2,553,545		ENI S.p.A.		22,746,485
	126,018		Ferrari NV		22,533,864
	606,585		FinecoBank Banca Fineco S.p.A		8,842,654
	406,486		Finmeccanica S.p.A.		2,610,147
	239,041	g	Infrastrutture Wireless Italiane S.p.A		2,412,091
	14,913,537		Intesa Sanpaolo S.p.A.		30,398,928
	636,147		Mediobanca S.p.A.		5,137,563
	194,880		Moncler S.p.A		7,534,423
	374,989	*,g	Nexi S.p.A		6,736,616
	381,974	g	Pirelli & C S.p.A		1,512,734
	509,886	g	Poste Italiane S.p.A		4,685,082
	239,190		Prysmian S.p.A.		6,116,498
	106,410		Recordati S.p.A.		5,715,303
	2,045,118		Snam Rete Gas S.p.A.		10,887,093
	5,702,691		Telecom Italia RSP		2,292,377
	8,660,906	e	Telecom Italia S.p.A.		3,512,478
	1,468,979		Terna Rete Elettrica Nazionale S.p.A.		10,962,622
	2,125,138		UniCredit S.p.A.		19,504,387
			TOTAL ITALY		284,505,657

305

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
JAPAN - 24.4%
	38,383		ABC-Mart, Inc	$	2,022,230
	374,274		Acom Co Ltd		1,322,111
	201,800		Advantest Corp		11,018,090
	652,845		Aeon Co Ltd		15,435,577
	94,314		Aeon Mall Co Ltd		1,123,542
	182,973		Air Water, Inc		2,372,357
	164,121		Aisin Seiki Co Ltd		4,740,019
	468,488		Ajinomoto Co, Inc		8,460,710
	183,361		Alfresa Holdings Corp		3,754,747
	111,180	e	All Nippon Airways Co Ltd		2,301,913
	329,796		Amada Co Ltd		2,216,370
	118,888		Aozora Bank Ltd		1,901,832
	388,221		Asahi Breweries Ltd		12,654,405
	195,373		Asahi Glass Co Ltd		5,492,107
	195,100		Asahi Intecc Co Ltd		5,443,522
	1,251,365		Asahi Kasei Corp		9,001,214
	938,999		Ashikaga Holdings Co Ltd		2,088,865
	1,865,161		Astellas Pharma, Inc		29,092,706
	56,399		Bank of Kyoto Ltd		2,069,180
	70,034		Benesse Holdings, Inc		1,826,492
	1,981		BLife Investment Corp		5,150,852
	528,912		Bridgestone Corp		15,579,386
	215,461		Brother Industries Ltd		3,353,476
	83,689		Calbee, Inc		2,659,414
	999,577	e	Canon, Inc		16,085,706
	187,843	*	Casio Computer Co Ltd		3,002,187
	143,571		Central Japan Railway Co		17,416,517
	43,816		Century Leasing System, Inc		2,464,437
	541,343		Chiba Bank Ltd		2,480,347
	661,272		Chubu Electric Power Co, Inc		7,863,238
	673,644		Chugai Pharmaceutical Co Ltd		30,414,515
	305,503		Chugoku Electric Power Co, Inc		3,728,055
	119,764		Coca-Cola West Japan Co Ltd		1,786,799
	1,058,423		Concordia Financial Group Ltd		3,138,394
	24,200		Cosmos Pharmaceutical Corp		4,446,987
	102,900		CyberAgent, Inc		5,820,665
	242,233		Dai Nippon Printing Co Ltd		5,262,708
	232,131		Daicel Chemical Industries Ltd		1,552,376
	102,089		Daifuku Co Ltd		9,302,976
	1,083,146		Dai-ichi Mutual Life Insurance Co		12,777,215
	569,630		Daiichi Sankyo Co Ltd		50,404,597
	249,880		Daikin Industries Ltd		43,965,504
	64,159		Daito Trust Construction Co Ltd		5,031,490
	568,994		Daiwa House Industry Co Ltd		12,556,111
	1,518,872	*	Daiwa Securities Group, Inc		6,744,152
	431,853		Denso Corp		15,975,363
	212,847		Dentsu, Inc		4,748,655
	28,485		Disco Corp		6,902,943
	410,172		Don Quijote Co Ltd		9,296,547
	300,181		East Japan Railway Co		17,303,828
	252,896		Eisai Co Ltd		20,410,365
	144,149		Electric Power Development Co		1,966,420
	253,144	e	FamilyMart Co Ltd		5,682,529

306

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	194,529		Fanuc Ltd	$	32,821,537
	58,560		Fast Retailing Co Ltd		31,142,310
	133,999		Fuji Electric Holdings Co Ltd		3,652,645
	615,096		Fuji Heavy Industries Ltd		11,617,558
	361,186		Fujifilm Holdings Corp		16,153,153
	196,812		Fujitsu Ltd		26,352,175
	177,093		Fukuoka Financial Group, Inc		2,575,564
	3,665		GLP J-Reit		6,112,961
	40,300		GMO Payment Gateway, Inc		4,224,866
	227,781		Hakuhodo DY Holdings, Inc		2,500,530
	143,866		Hamamatsu Photonics KK		6,252,872
	224,437		Hankyu Hanshin Holdings, Inc		6,427,897
	21,483		Hikari Tsushin, Inc		4,657,528
	286,437		Hino Motors Ltd		1,651,687
	31,867		Hirose Electric Co Ltd		3,342,303
	50,845		Hisamitsu Pharmaceutical Co, Inc		2,234,418
	109,937	*	Hitachi Construction Machinery Co Ltd		3,185,757
	970,855	*	Hitachi Ltd		29,081,028
	207,546		Hitachi Metals Ltd		2,709,140
	1,635,825		Honda Motor Co Ltd		39,881,174
	50,792		Hoshizaki Electric Co Ltd		3,871,895
	378,996	*	Hoya Corp		37,376,372
	299,055		Hulic Co Ltd		2,570,576
	198,992		Idemitsu Kosan Co Ltd		4,145,133
	142,263		Iida Group Holdings Co Ltd		2,201,928
	1,022,817		Inpex Holdings, Inc		5,838,253
	328,251		Isetan Mitsukoshi Holdings Ltd		1,497,814
	553,864		Isuzu Motors Ltd		4,517,592
	222,900		IT Holdings Corp		4,773,535
	53,300		Ito En Ltd		3,154,976
	1,351,032		Itochu Corp		29,623,159
	111,200		Itochu Techno-Science Corp		4,516,377
	112,057		Japan Airlines Co Ltd		1,813,898
	50,445	e	Japan Airport Terminal Co Ltd		1,732,029
	443,932		Japan Post Bank Co Ltd		3,311,892
	1,556,564		Japan Post Holdings Co Ltd		10,631,015
	219,600		Japan Post Insurance Co Ltd		2,919,418
	779		Japan Prime Realty Investment Corp		2,047,270
	1,298		Japan Real Estate Investment Corp		6,622,841
	2,626		Japan Retail Fund Investment Corp		3,157,487
	1,184,970		Japan Tobacco, Inc		20,254,047
	492,707		JFE Holdings, Inc		3,234,073
	221,007		JGC Corp		2,236,161
	198,298		JSR Corp		4,323,950
	227,232		JTEKT Corp		1,512,281
	3,057,800		JX Holdings, Inc		10,722,512
	439,610		Kajima Corp		4,829,134
	139,245		Kakaku.com, Inc		3,361,925
	105,855		Kamigumi Co Ltd		1,931,930
	705,948		Kansai Electric Power Co, Inc		6,715,140
	174,483		Kansai Paint Co Ltd		3,343,966
	483,210		Kao Corp		35,053,978
	151,800		Kawasaki Heavy Industries Ltd		2,070,041
	1,653,332		KDDI Corp		52,571,725

307

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	97,838		Keihan Electric Railway Co Ltd	$	3,988,440
	225,434		Keihin Electric Express Railway Co Ltd		2,943,363
	105,246		Keio Corp		5,255,341
	140,716		Keisei Electric Railway Co Ltd		3,440,530
	183,122		Keyence Corp		77,220,133
	144,860	e	Kikkoman Corp		6,798,558
	173,362		Kintetsu Corp		6,754,555
	821,978		Kirin Brewery Co Ltd		15,838,423
	49,664		Kobayashi Pharmaceutical Co Ltd		4,413,951
	61,300		Kobe Bussan Co Ltd		3,804,499
	102,897	*	Koito Manufacturing Co Ltd		4,029,094
	879,434		Komatsu Ltd		17,278,150
	92,856		Konami Corp		2,837,587
	32,963		Kose Corp		3,338,692
	1,033,275		Kubota Corp		14,713,800
	320,056		Kuraray Co Ltd		3,133,855
	98,986		Kurita Water Industries Ltd		2,662,313
	322,250		Kyocera Corp		17,946,191
	267,394		Kyowa Hakko Kogyo Co Ltd		6,603,854
	406,233		Kyushu Electric Power Co, Inc		3,411,702
	151,321		Kyushu Railway Co		2,989,330
	75,100		Lasertec Corp		6,630,920
	53,858		Lawson, Inc		2,681,957
	58,826	*	LINE Corp		3,112,844
	225,709		Lion Corp		5,866,745
	265,246		LIXIL Group Corp		3,540,462
	443,362		M3, Inc		22,767,773
	223,046		Makita Corp		8,571,340
	1,657,319		Marubeni Corp		7,630,163
	190,542		Marui Co Ltd		2,770,615
	56,580		Maruichi Steel Tube Ltd		1,339,793
	590,557		Mazda Motor Corp		3,406,784
	72,611		McDonald’s Holdings Co Japan Ltd		3,475,040
	177,448		Mediceo Paltac Holdings Co Ltd		3,249,715
	115,977		MEIJI Holdings Co Ltd		9,107,027
	88,800	*,e	Mercari, Inc		3,762,355
	365,672		Minebea Co Ltd		5,996,784
	279,206		MISUMI Group, Inc		6,606,337
	1,283,995		Mitsubishi Chemical Holdings Corp		6,898,674
	1,355,055		Mitsubishi Corp		27,304,055
	1,827,611		Mitsubishi Electric Corp		23,857,754
	1,186,200		Mitsubishi Estate Co Ltd		17,040,104
	161,704		Mitsubishi Gas Chemical Co, Inc		2,568,397
	314,848		Mitsubishi Heavy Industries Ltd		7,324,491
	109,017		Mitsubishi Materials Corp		2,228,791
	648,578		Mitsubishi Motors Corp		1,278,022
	12,263,292		Mitsubishi UFJ Financial Group, Inc		45,954,455
	405,537		Mitsubishi UFJ Lease & Finance Co Ltd		1,721,451
	1,660,277		Mitsui & Co Ltd		24,821,296
	185,510		Mitsui Chemicals, Inc		3,530,534
	936,196		Mitsui Fudosan Co Ltd		14,636,453
	444,409		Mitsui Sumitomo Insurance Group Holdings, Inc		11,167,120
	87,300		Miura Co Ltd		3,319,439
	24,150,726		Mizuho Financial Group, Inc		29,440,880

308

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	126,900		MonotaRO Co Ltd	$	5,396,927
	576,338		Murata Manufacturing Co Ltd		37,018,558
	112,377		Nabtesco Corp		3,418,928
	192,821		Nagoya Railroad Co Ltd		4,879,539
	200,498		Namco Bandai Holdings, Inc		11,071,965
	248,225		NEC Corp		13,906,936
	496,189		Nexon Co Ltd		12,747,995
	264,138		NGK Insulators Ltd		3,282,688
	154,375		NGK Spark Plug Co Ltd		2,076,107
	448,682		Nidec Corp		35,641,943
	148,800		Nihon M&A Center, Inc		7,245,517
	312,826		Nikon Corp		2,187,098
	112,278		Nintendo Co Ltd		49,381,000
	1,310		Nippon Building Fund, Inc		7,324,036
	73,790		Nippon Express Co Ltd		3,507,909
	83,705		Nippon Meat Packers, Inc		3,678,990
	147,139		Nippon Paint Co Ltd		10,061,546
	2,053		Nippon ProLogis REIT, Inc		7,086,938
	46,300		Nippon Shinyaku Co Ltd		3,581,974
	796,946		Nippon Steel Corp		6,534,455
	1,287,626		Nippon Telegraph & Telephone Corp		29,887,681
	152,790		Nippon Yusen Kabushiki Kaisha		1,988,097
	124,074		Nissan Chemical Industries Ltd		6,571,129
	2,294,988	*	Nissan Motor Co Ltd		7,850,152
	191,410		Nisshin Seifun Group, Inc		2,932,008
	68,460		Nissin Food Products Co Ltd		6,184,051
	81,071		Nitori Co Ltd		17,749,377
	157,657		Nitto Denko Corp		8,936,069
	334,575		NKSJ Holdings, Inc		11,025,645
	3,160,852	*	Nomura Holdings, Inc		14,875,512
	129,674		Nomura Real Estate Holdings, Inc		2,143,870
	4,278		Nomura Real Estate Master Fund, Inc		5,305,432
	319,073		Nomura Research Institute Ltd		8,421,425
	363,927		NSK Ltd		2,449,823
	624,908		NTT Data Corp		7,104,731
	1,165,997		NTT DoCoMo, Inc		32,101,201
	642,382		Obayashi Corp		5,735,437
	68,986		Obic Co Ltd		12,371,220
	293,860		Odakyu Electric Railway Co Ltd		6,149,573
	870,243		OJI Paper Co Ltd		3,652,079
	1,168,368		Olympus Corp		21,014,804
	186,299		Omron Corp		13,419,076
	371,280		Ono Pharmaceutical Co Ltd		10,435,708
	39,189	*	Oracle Corp Japan		4,720,798
	200,780		Oriental Land Co Ltd		24,222,626
	1,327,530		ORIX Corp		14,357,384
	2,660		Orix JREIT, Inc		3,431,599
	386,195		Osaka Gas Co Ltd		7,160,707
	511,163		Osaka Securities Exchange Co Ltd		12,138,039
	104,973		Otsuka Corp		5,473,211
	391,285		Otsuka Holdings KK		16,227,971
	2,215,898		Panasonic Corp		19,192,722
	113,334		Park24 Co Ltd		1,509,933
	92,900	*	PeptiDream, Inc		3,742,593

309

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	113,800		Pigeon Corp	$	4,424,324
	88,656		Pola Orbis Holdings, Inc		1,474,021
	854,497	*	Rakuten, Inc		7,852,246
	1,279,473		Recruit Holdings Co Ltd		39,914,234
	783,799	*	Renesas Electronics Corp		4,311,255
	2,078,834		Resona Holdings, Inc		6,814,982
	667,780		Ricoh Co Ltd		4,300,341
	35,418		Rinnai Corp		2,902,991
	92,814		Rohm Co Ltd		5,959,927
	241,990		Ryohin Keikaku Co Ltd		2,916,758
	371,343		Santen Pharmaceutical Co Ltd		6,265,470
	237,718	*	SBI Holdings, Inc		5,005,602
	209,165		Secom Co Ltd		18,088,369
	173,483		Sega Sammy Holdings, Inc		1,955,776
	216,575		Seibu Holdings, Inc		1,935,623
	279,357		Seiko Epson Corp		2,963,704
	357,987		Sekisui Chemical Co Ltd		4,873,012
	618,272	e	Sekisui House Ltd		11,291,967
	752,888		Seven & I Holdings Co Ltd		22,751,904
	568,376		Seven Bank Ltd		1,394,244
	154,702		SG Holdings Co Ltd		5,677,351
	215,815	*,e	Sharp Corp		2,130,067
	228,765		Shimadzu Corp		5,837,918
	21,378		Shimamura Co Ltd		1,486,597
	74,610		Shimano, Inc		16,200,649
	582,450		Shimizu Corp		4,175,363
	355,601		Shin-Etsu Chemical Co Ltd		41,619,083
	184,096	*,e	Shinsei Bank Ltd		2,079,779
	270,180		Shionogi & Co Ltd		16,073,257
	401,930		Shiseido Co Ltd		22,394,001
	425,548		Shizuoka Bank Ltd		2,763,612
	141,592		Showa Denko KK		2,935,505
	57,391	*	SMC Corp		30,161,783
	1,921,000		Softbank Corp		25,714,897
	1,574,172		Softbank Group Corp		99,287,862
	77,206		Sohgo Security Services Co Ltd		3,642,199
	1,277,845		Sony Corp		99,282,172
	90,900		Square Enix Co Ltd		4,884,029
	126,329		Stanley Electric Co Ltd		3,026,186
	112,733		Start Today Co Ltd		3,049,470
	272,199		Sumco Corp		4,223,172
	51,900		Sumisho Computer Systems Corp		2,641,520
	1,510,594		Sumitomo Chemical Co Ltd		4,358,996
	1,181,226		Sumitomo Corp		13,123,093
	176,665		Sumitomo Dainippon Pharma Co Ltd		2,206,407
	744,283		Sumitomo Electric Industries Ltd		8,315,588
	114,717		Sumitomo Heavy Industries Ltd		2,235,268
	231,045		Sumitomo Metal Mining Co Ltd		6,945,108
	1,307,662		Sumitomo Mitsui Financial Group, Inc		34,844,531
	331,909		Sumitomo Mitsui Trust Holdings, Inc		8,521,464
	312,945		Sumitomo Realty & Development Co Ltd		7,980,728
	171,433		Sumitomo Rubber Industries, Inc		1,426,219
	69,857		Sundrug Co Ltd		2,377,298
	141,950		Suntory Beverage & Food Ltd		5,358,076

310

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	71,252		Suzuken Co Ltd	$	2,534,584
	370,840		Suzuki Motor Corp		12,168,531
	167,125		Sysmex Corp		12,851,340
	536,149		T&D Holdings, Inc		4,413,301
	117,798		Taiheiyo Cement Corp		2,556,557
	200,597		Taisei Corp		6,890,481
	30,658		Taisho Pharmaceutical Holdings Co Ltd		1,741,947
	149,558		Taiyo Nippon Sanso Corp		2,359,053
	1,583,073		Takeda Pharmaceutical Co Ltd		57,413,000
	130,249		TDK Corp		14,501,515
	173,460		Teijin Ltd		2,505,062
	188,872		Temp Holdings Co Ltd		2,387,783
	646,654		Terumo Corp		24,463,600
	123,185		THK Co Ltd		2,902,270
	193,790		Tobu Railway Co Ltd		5,426,866
	117,142		Toho Co Ltd		3,482,126
	74,920		Toho Gas Co Ltd		3,269,447
	417,037		Tohoku Electric Power Co, Inc		3,941,071
	639,243		Tokio Marine Holdings, Inc		26,992,006
	1,494,118	*	Tokyo Electric Power Co, Inc		3,985,165
	150,043		Tokyo Electron Ltd		41,519,486
	382,505		Tokyo Gas Co Ltd		8,121,382
	488,644		Tokyu Corp		5,438,109
	643,324		Tokyu Fudosan Holdings Corp		2,458,492
	277,790		Toppan Printing Co Ltd		4,164,465
	1,376,561		Toray Industries, Inc		5,958,526
	385,187		Toshiba Corp		11,779,463
	255,330		Tosoh Corp		3,427,072
	140,932		Toto Ltd		5,316,196
	95,299		Toyo Suisan Kaisha Ltd		5,793,727
	62,599		Toyoda Gosei Co Ltd		1,227,472
	142,633		Toyota Industries Corp		7,246,209
	2,127,686		Toyota Motor Corp		126,307,817
	213,844		Toyota Tsusho Corp		5,423,812
	131,831	*	Trend Micro, Inc		7,731,741
	36,059		Tsuruha Holdings, Inc		5,000,147
	402,122		Uni-Charm Corp		18,189,104
	2,980		United Urban Investment Corp		2,897,959
	202,923		USS Co Ltd		3,008,523
	46,500		Welcia Holdings Co Ltd		4,261,017
	161,477		West Japan Railway Co		6,973,375
	2,641,119		Yahoo! Japan Corp		14,044,766
	124,811		Yakult Honsha Co Ltd		7,133,592
	726,740		Yamada Denki Co Ltd		3,153,032
	141,360		Yamaha Corp		6,517,641
	282,379		Yamaha Motor Co Ltd		4,117,667
	310,774		Yamato Transport Co Ltd		8,013,499
	120,877		Yamazaki Baking Co Ltd		2,028,343
	238,265		Yaskawa Electric Corp		7,921,677
	226,973		Yokogawa Electric Corp		3,486,329
	123,132		Yokohama Rubber Co Ltd		1,575,000
			TOTAL JAPAN		3,309,595,175

311

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
JORDAN - 0.0%
	173,535		Hikma Pharmaceuticals plc	$	4,862,612
			TOTAL JORDAN		4,862,612
LUXEMBOURG - 0.2%
	730,457		ArcelorMittal		8,087,458
	13,133		Eurofins Scientific		8,595,893
	394,740		SES Global S.A.		2,792,249
	480,676		Tenaris S.A.		2,832,896
			TOTAL LUXEMBOURG		22,308,496
MACAU - 0.2%
	2,156,361		Galaxy Entertainment Group Ltd		14,705,817
	2,392,867		Sands China Ltd		9,123,556
	1,556,653		Wynn Macau Ltd		2,730,086
			TOTAL MACAU		26,559,459
NETHERLANDS - 4.5%
	437,239	g	ABN AMRO Group NV (ADR)		3,631,622
	18,117	*,g	Adyen NV		30,240,101
	1,842,139		Aegon NV		5,398,184
	200,021		Akzo Nobel NV		18,846,867
	637,821	*	Altice NV (Class A)		3,024,079
	427,513		ASML Holding NV		151,996,958
	172,547		DSM NV		26,411,060
	109,616		EXOR NV		6,155,794
	113,478		Heineken Holding NV		9,804,803
	260,132		Heineken NV		25,200,199
	3,917,135		ING Groep NV		27,313,712
	1,098,193		Koninklijke Ahold Delhaize NV		31,628,886
	3,547,394	e	Koninklijke KPN NV		9,345,274
	917,413		Koninklijke Philips Electronics NV		47,403,544
	71,613		Koninklijke Vopak NV		3,909,928
	291,504		NN Group NV		10,669,659
	488,990	*	Prosus NV		47,591,905
	116,409		Randstad Holdings NV		5,607,116
	4,137,687		Royal Dutch Shell plc (A Shares)		60,474,661
	3,744,362		Royal Dutch Shell plc (B Shares)		52,557,571
	122,077	*,g	Takeaway.com Holding BV		13,174,210
	271,579		Wolters Kluwer NV		21,388,959
			TOTAL NETHERLANDS		611,775,092
NEW ZEALAND - 0.3%
	736,184	*	a2 Milk Co Ltd		10,258,591
	1,203,185		Auckland International Airport Ltd		5,128,979
	579,371		Fisher & Paykel Healthcare Corp		13,878,493
	1,276,410		Meridian Energy Ltd		4,144,218
	664,816		Mighty River Power Ltd		2,066,871
	404,771		Ryman Healthcare Ltd		3,592,738
	1,842,623		Telecom Corp of New Zealand Ltd		6,038,524
			TOTAL NEW ZEALAND		45,108,414
NORWAY - 0.6%
	955,436		DNB NOR Holding ASA		14,674,873

312

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	1,008,353		Equinor ASA	$	15,118,378
	219,177		Gjensidige Forsikring BA		4,505,817
	442,444		Mowi ASA		8,035,285
	1,338,826		Norsk Hydro ASA		3,781,817
	752,539		Orkla ASA		7,401,846
	104,664		Schibsted ASA (B Shares)		3,423,654
	715,552		Telenor ASA		11,061,563
	178,342		Yara International ASA		7,523,156
			TOTAL NORWAY		75,526,389
PORTUGAL - 0.2%
	2,567,578		Energias de Portugal S.A.		12,904,882
	493,150		Galp Energia SGPS S.A.		5,163,676
	270,653		Jeronimo Martins SGPS S.A.		4,537,840
			TOTAL PORTUGAL		22,606,398
RUSSIA - 0.0%
	524,556		Evraz plc		1,942,407
			TOTAL RUSSIA		1,942,407
SINGAPORE - 1.0%
	2,922,168		Ascendas REIT		7,563,925
	2,801,637		CapitaCommercial Trust		3,303,732
	2,551,926		CapitaLand Ltd		5,150,396
	2,620,545		CapitaMall Trust		3,621,914
	440,245		City Developments Ltd		2,636,459
	1,781,405		DBS Group Holdings Ltd		25,733,559
	5,633,684		Genting Singapore Ltd		3,022,213
	95,544		Jardine Cycle & Carriage Ltd		1,400,930
	1,444,465	e	Keppel Corp Ltd		5,688,154
	2,078,800		Mapletree Commercial Trust		2,799,145
	2,468,200		Mapletree Logistics Trust		3,844,633
	3,229,794		Oversea-Chinese Banking Corp		20,230,647
	1,862,415		Singapore Airlines Ltd		4,645,904
	858,760		Singapore Exchange Ltd		5,122,782
	1,680,671		Singapore Technologies Engineering Ltd		4,019,980
	8,042,999		Singapore Telecommunications Ltd		14,597,019
	2,303,064		Suntec Real Estate Investment Trust		2,259,819
	1,175,788		United Overseas Bank Ltd		16,554,519
	444,897		UOL Group Ltd		2,155,029
	293,113		Venture Corp Ltd		3,827,885
			TOTAL SINGAPORE		138,178,644
SOUTH AFRICA - 0.2%
	1,236,591		Anglo American plc (London)		29,935,489
			TOTAL SOUTH AFRICA		29,935,489
SPAIN - 2.3%
	277,353		ACS Actividades de Construccion y Servicios S.A.		6,433,623
	68,081	g	Aena S.A.		8,876,753
	433,041		Amadeus IT Holding S.A.		21,624,016
	6,688,442		Banco Bilbao Vizcaya Argentaria S.A.		20,825,931
	16,716,653		Banco Santander S.A. (AQXE)		35,848,396

313

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	669,804		Bankinter S.A.	$	3,482,436
	3,606,722		CaixaBank S.A.		7,758,230
	252,048	g	Cellnex Telecom SAU		15,862,489
	1,070,085	e	Corp Mapfre S.A.		1,937,718
	247,815		Enagas		6,252,210
	315,105		Endesa S.A.		8,988,966
	491,793		Ferrovial S.A.		12,042,527
	300,942	e	Grifols S.A.		8,768,079
	5,833,713		Iberdrola S.A.		75,402,410
	132,584	*	Iberdrola S.A.-Interim		1,713,692
	1,095,616		Industria De Diseno Textil S.A.		29,031,519
	293,779	e	Naturgy Energy Group S.A.		5,466,636
	434,305	e	Red Electrica Corp S.A.		8,466,685
	1,488,021		Repsol YPF S.A.		11,734,138
	244,302	e	Siemens Gamesa Renewable Energy		5,764,366
	4,899,069		Telefonica S.A.		20,517,375
			TOTAL SPAIN		316,798,195
SWEDEN - 3.1%
	320,016		Alfa Laval AB		7,580,610
	1,007,085		Assa Abloy AB		22,232,600
	674,749		Atlas Copco AB (A Shares)		29,953,099
	393,663		Atlas Copco AB (B Shares)		15,235,798
	276,027		Boliden AB		7,537,793
	225,322		Electrolux AB (Series B)		4,234,625
	385,895		Epiroc AB		5,254,107
	661,928		Epiroc AB (Class A)		9,255,155
	236,912		EQT AB		5,600,768
	2,926,156		Ericsson (LM) (B Shares)		34,046,024
	609,476		Essity AB		20,109,295
	126,553	e,g	Evolution Gaming Group AB		8,587,989
	810,734	e	Hennes & Mauritz AB (B Shares)		12,637,213
	283,154		Hexagon AB (B Shares)		18,517,533
	416,059		Husqvarna AB (B Shares)		3,981,681
	100,852		ICA Gruppen AB		4,954,177
	164,461		Industrivarden AB		4,056,838
	144,218		Investment AB Latour		2,960,355
	459,234		Investor AB (B Shares)		27,248,466
	241,630		Kinnevik AB		8,505,484
	73,531		Lundbergs AB (B Shares)		3,453,999
	187,698		Lundin Petroleum AB		4,378,171
	310,265		Nibe Industrier AB		7,465,306
	1,138,014		Sandvik AB		21,267,806
	313,193		Securitas AB (B Shares)		4,669,851
	1,635,871		Skandinaviska Enskilda Banken AB (Class A)		15,827,186
	337,749		Skanska AB (B Shares)		6,817,878
	386,029		SKF AB (B Shares)		7,146,488
	612,174		Svenska Cellulosa AB (B Shares)		7,434,745
	1,549,234		Svenska Handelsbanken AB		14,610,004
	913,104		Swedbank AB (A Shares)		14,827,215
	170,385		Swedish Match AB		13,127,949
	497,505		Tele2 AB (B Shares)		7,058,247
	2,527,606		TeliaSonera AB		9,849,394
	1,501,531		Volvo AB (B Shares)		25,949,118
			TOTAL SWEDEN		416,372,967

314

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
SWITZERLAND - 10.5%
	1,849,909		ABB Ltd		46,457,414
	154,360		Adecco S.A.		7,294,106
	493,017		Alcon, Inc		29,797,582
	47,547		Baloise Holding AG.		7,254,475
	27,273		Banque Cantonale Vaudoise		2,857,707
	3,131		Barry Callebaut AG.		6,519,737
	523,435		Cie Financiere Richemont S.A.		32,495,429
	191,192		Clariant AG.		3,613,649
	201,526		Coca-Cola HBC AG.		5,246,481
	2,452,721		Credit Suisse Group		26,156,487
	8,577	e	EMS-Chemie Holding AG.		7,406,842
	36,846		Geberit AG.		20,335,922
	9,239		Givaudan S.A.		38,265,335
	526,396		Holcim Ltd		24,904,023
	223,746		Julius Baer Group Ltd		9,822,424
	51,467		Kuehne & Nagel International AG.		8,872,235
	1,074		Lindt & Spruengli AG.		8,314,733
	103		Lindt & Spruengli AG. (Registered)		8,831,138
	165,009		Logitech International S.A.		12,037,137
	74,776		Lonza Group AG.		46,760,052
	2,985,302		Nestle S.A.		355,017,193
	2,156,060		Novartis AG.		177,588,680
	18,595		Partners Group		18,013,110
	705,194		Roche Holding AG.		244,248,522
	41,786		Schindler Holding AG.		10,621,380
	22,001		Schindler Holding AG. (Registered)		5,505,844
	5,959		SGS S.A.		15,605,760
	142,368		Sika AG.		31,282,811
	54,847	*	Sonova Holdings AG		12,401,127
	639,183		STMicroelectronics NV		17,959,222
	10,440		Straumann Holding AG.		10,341,872
	28,341	*,e	Swatch Group AG.		5,941,618
	53,983		Swatch Group AG. (Registered)		2,153,227
	31,849		Swiss Life Holding		11,638,950
	76,386		Swiss Prime Site AG.		6,971,255
	296,040		Swiss Re Ltd		23,360,246
	25,345		Swisscom AG.		13,472,521
	65,053		Temenos Group AG.		9,613,682
	3,687,344		UBS Group AG		43,439,779
	45,319		Vifor Pharma AG.		6,396,654
	150,242		Zurich Insurance Group AG		55,559,900
			TOTAL SWITZERLAND		1,430,376,261
UNITED ARAB EMIRATES - 0.0%
	121,704	*,†	NMC Health plc		1,593
			TOTAL UNITED ARAB EMIRATES		1,593
UNITED KINGDOM - 12.3%
	970,550		3i Group plc		11,171,498
	201,635		Admiral Group plc		6,287,930
	453,179		Ashtead Group plc		14,430,928

315

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	351,748		Associated British Foods plc	$	8,056,509
	1,317,225		AstraZeneca plc		145,526,478
	935,881	g	Auto Trader Group plc		6,537,612
	63,572		Aveva Group plc		3,430,876
	3,951,918		Aviva plc		13,590,855
	3,206,103		BAE Systems plc		20,547,598
	17,286,018		Barclays plc		22,411,259
	1,037,617		Barratt Developments plc		6,892,538
	125,373		Berkeley Group Holdings plc		7,274,247
	20,355,775		BP plc		73,718,520
	2,302,623		British American Tobacco plc		76,097,805
	876,445		British Land Co plc		4,182,488
	8,931,866		BT Group plc		11,476,998
	344,376		Bunzl plc		9,865,004
	405,670		Burberry Group plc		6,609,894
	2,704,599		CK Hutchison Holdings Ltd		17,660,480
	1,018,838		CNH Industrial NV		6,922,885
	204,534		Coca-Cola European Partners plc (Class A)		8,420,665
	1,783,025		Compass Group plc		24,532,993
	131,688		Croda International plc		9,828,447
	96,970		DCC plc		8,622,629
	2,344,076		Diageo plc		85,771,193
	1,378,818		Direct Line Insurance Group plc		5,335,588
	910,664		Experian Group Ltd		31,809,591
	1,098,773		Fiat DaimlerChrysler Automobiles NV		11,170,558
	5,034,993		GlaxoSmithKline plc		100,298,612
	595,647		GVC Holdings plc		5,155,025
	384,564		Halma plc		10,923,086
	332,644		Hargreaves Lansdown plc		7,549,263
	20,385,478		HSBC Holdings plc		91,792,130
	950,515		Imperial Tobacco Group plc		15,836,338
	1,507,611		Informa plc		7,148,468
	172,389		InterContinental Hotels Group plc		7,940,430
	161,218		Intertek Group plc		11,338,305
	3,600,652		ITV plc		2,655,188
	1,801,298		J Sainsbury plc		4,390,372
	439,042		JD Sports Fashion plc		3,470,789
	192,702		Johnson Matthey plc		5,627,030
	2,078,433		Kingfisher plc		6,568,034
	707,503		Land Securities Group plc		5,328,764
	5,989,578		Legal & General Group plc		16,580,826
	70,532,803		Lloyds TSB Group plc		24,031,261
	315,486		London Stock Exchange Group plc		34,848,220
	2,676,569		M&G plc		5,601,910
	4,894,348		Melrose Industries plc		5,404,430
	487,873		Mondi plc		8,641,543
	3,513,817		National Grid plc		41,223,666
	131,563		Next plc		9,285,970
	463,890	*	Ocado Ltd		12,427,539
	763,305		Pearson plc		5,244,818
	318,825		Persimmon plc		9,953,779
	2,613,246		Prudential plc		37,345,262
	712,583		Reckitt Benckiser Group plc		71,450,362
	1,938,253		RELX plc (London)		40,804,435

316

TIAA-CREF FUNDS - International Equity Index Fund

SHARES			COMPANY	VALUE
	1,872,117		Rentokil Initial plc	$	13,060,542
	1,944,777		Rolls-Royce Group plc		5,834,046
	4,832,976		Royal Bank of Scotland Group plc		6,656,045
	1,034,951		RSA Insurance Group plc		5,776,519
	1,087,609		Sage Group plc		10,321,268
	121,212		Schroders plc		4,681,320
	1,022,577		Scottish & Southern Energy plc		17,345,302
	1,174,374		Segro plc		14,872,559
	242,833		Severn Trent plc		7,738,447
	875,366		Smith & Nephew plc		17,277,501
	391,596		Smiths Group plc		6,898,535
	74,050		Spirax-Sarco Engineering plc		9,895,674
	534,657		St. James’s Place plc		6,539,194
	2,725,210		Standard Chartered plc		13,625,690
	2,349,138		Standard Life Aberdeen plc		7,646,031
	3,307,037		Taylor Wimpey plc		5,101,193
	9,787,779		Tesco plc		27,624,465
	1,465,659		Unilever NV		86,606,206
	1,173,254		Unilever plc		69,861,386
	676,998		United Utilities Group plc		7,939,527
	26,875,368		Vodafone Group plc		40,389,603
	233,610		Whitbread plc		6,633,056
	2,427,828		WM Morrison Supermarkets plc		5,889,246
	1,253,115		WPP plc		9,293,468
			TOTAL UNITED KINGDOM		1,674,556,744
UNITED STATES - 0.3%
	38,794	*	CyberArk Software Ltd		4,571,485
	226,260		Ferguson plc		19,945,595
	441,059		James Hardie Industries NV		9,103,163
	229,882	*	QIAGEN NV (Turquoise)		11,419,200
			TOTAL UNITED STATES		45,039,443
			TOTAL COMMON STOCKS		13,439,693,763
			(Cost $12,411,423,005)
RIGHTS / WARRANTS - 0.0%
PORTUGAL - 0.0%
	2,567,578	e	EDP-Energias de Portugal S.A.		260,710
			TOTAL PORTUGAL		260,710
SPAIN - 0.0%
	252,048		Cellnex Telecom S.A.		1,053,996
			TOTAL SPAIN		1,053,996
			TOTAL RIGHTS / WARRANTS		1,314,706
			(Cost $0)

317

TIAA-CREF FUNDS - International Equity Index Fund

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE
SHORT-TERM INVESTMENTS - 1.2%
GOVERNMENT AGENCY DEBT - 0.5%
$	12,500,000		Federal Farm Credit Bank (FFCB)	0.200	%	11/06/20	$	12,497,031
	19,056,000		Federal Home Loan Bank (FHLB)	0.100-0.145		08/28/20		19,055,074
	31,500,000		FHLB	0.060-0.180		10/01/20		31,495,354
	4,000,000		FHLB	0.180		12/18/20		3,998,478
	5,000,000		Federal National Mortgage Association (FNMA)	0.249		09/23/20		4,999,362
			TOTAL GOVERNMENT AGENCY DEBT					72,045,299
REPURCHASE AGREEMENT - 0.1%
	14,170,000	r	Fixed Income Clearing Corp (FICC)	0.080		08/03/20		14,170,000
			TOTAL REPURCHASE AGREEMENT					14,170,000
TREASURY DEBT - 0.3%
	23,995,000		United States Treasury Bill	0.085		08/13/20		23,994,450
	13,910,000		United States Treasury Bill	0.016		11/19/20		13,906,036
			TOTAL TREASURY DEBT					37,900,486
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3%
	42,403,846	c	State Street Navigator Securities Lending Government Money Market Portfolio					42,403,846
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					42,403,846
			TOTAL SHORT-TERM INVESTMENTS					166,519,631
			(Cost $166,506,796)
			TOTAL INVESTMENTS - 100.1%					13,607,528,100
			(Cost $12,577,929,801)
			OTHER ASSETS & LIABILITIES, NET - (0.1)%					(13,372,763	)
			NET ASSETS - 100.0%				$	13,594,155,337
			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 $108,198,497.
	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 7/31/2020, the aggregate value of these securities is $220,057,058 or 1.6% of net assets.
	r		Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $14,170,000 on 8/1/20, collateralized by U.S. Treasury Notes valued at $14,453,410.

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

Description	Number of long (short) contracts		Expiration date	Notional amount		Value		Unrealized appreciation (depreciation		)
MSCI EAFE Index		1,002	09/18/20	$	90,984,250		$90,861,360	$	(122,890	)

318

TIAA-CREF FUNDS - International Equity Index Fund

TIAA-CREF FUNDS

INTERNATIONAL EQUITY INDEX FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2020

				% OF
SECTOR	VALUE			NET ASSETS
FINANCIALS	$	2,121,657,885			15.6	%
INDUSTRIALS		1,929,500,210			14.2
HEALTH CARE		1,927,179,547			14.2
CONSUMER STAPLES		1,643,380,723			12.1
CONSUMER DISCRETIONARY		1,511,500,769			11.1
INFORMATION TECHNOLOGY		1,163,468,535			8.6
MATERIALS		1,012,642,411			7.4
COMMUNICATION SERVICES		729,731,097			5.4
UTILITIES		558,935,353			4.1
ENERGY		428,425,372			3.2
REAL ESTATE		414,586,567			3.0
SHORT-TERM INVESTMENTS		166,519,631			1.2
OTHER ASSETS & LIABILITIES, NET		(13,372,763	)		(0.1	)
NET ASSETS	$	13,594,155,337			100.0	%

319

TIAA-CREF FUNDS - Emerging Markets Debt Fund

TIAA-CREF FUNDS

EMERGING MARKETS DEBT FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BONDS - 96.7%
CORPORATE BONDS - 47.8%
ARGENTINA - 0.5%
$	2,020,000	g	AES Argentina Generacion S.A.		7.750	%	02/02/24	$	1,615,394
	1,950,000	g	YPF S.A.		6.950		07/21/27		1,457,625
			TOTAL ARGENTINA						3,073,019
BRAZIL - 4.7%
	2,500,000	g	Banco Votorantim S.A.		4.500		09/24/24		2,565,625
	1,775,000	g	BRF S.A.		4.875		01/24/30		1,774,468
	2,000,000	g	Cosan Ltd		5.500		09/20/29		2,065,000
	2,750,000	g	Itau Unibanco Holding S.A.		4.625		N/A‡		2,341,625
	1,825,000	g	Klabin Finance S.A.		4.875		09/19/27		1,913,987
	2,000,000	g	NBM US Holdings, Inc		6.625		08/06/29		2,180,000
	699,866	g	Odebrecht Offshore Drilling Finance Ltd		6.720		12/01/22		608,883
	3,874,262	†,g,o	Odebrecht Offshore Drilling Finance Ltd		7.720		12/01/26		366,893
	527,012	†,g,j	Odebrecht Oil & Gas Finance Ltd		0.000		N/A‡		527
	714,000	o	Oi S.A.		10.000		07/27/25		689,902
	1,000,000		Petrobras Global Finance BV		5.625		05/20/43		1,022,500
	2,000,000		Petrobras Global Finance BV		6.900		03/19/49		2,226,000
	2,000,000	g	Rede D’or Finance Sarl		4.500		01/22/30		1,792,500
	1,980,000	g	Rio Oil Finance Trust		8.200		04/06/28		2,059,200
	2,500,000	g	Rumo Luxembourg Sarl		5.250		01/10/28		2,595,750
	775,000		Suzano Austria GmbH		6.000		01/15/29		862,188
	1,525,000	g	Suzano Austria GmbH		7.000		03/16/47		1,730,585
			TOTAL BRAZIL						26,795,633
CHILE - 4.5%
	1,650,000	g	Banco del Estado de Chile		2.704		01/09/25		1,709,813
	750,000	g	Celulosa Arauco y Constitucion S.A.		4.200		01/29/30		785,625
	2,325,000	g	Celulosa Arauco y Constitucion S.A.		5.150		01/29/50		2,383,125
	2,000,000	g	Corp Nacional del Cobre de Chile		3.000		09/30/29		2,130,347
	1,800,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.625		08/01/27		1,974,816
	1,800,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.150		01/14/30		1,932,858
	2,150,000	g	Corp Nacional del Cobre de Chile-CODELCO		4.375		02/05/49		2,647,887
	2,075,000	g	Embotelladora Andina S.A.		3.950		01/21/50		2,127,497
	2,250,000	g	Empresa de Transporte de Pasajeros Metro S.A.		3.650		05/07/30		2,489,063
	3,000,000	g	Empresa Nacional del Petroleo		3.750		08/05/26		3,172,500
	2,100,000		Enel Chile S.A.		4.875		06/12/28		2,480,352
	950,000	g	Inversiones CMPC S.A.		3.850		01/13/30		994,298
	2,600,000	g,q	Latam Finance Ltd		7.000		03/01/26		890,500
			TOTAL CHILE						25,718,681
CHINA - 2.2%
	3,100,000		China Evergrande Group		8.250		03/23/22		2,937,245
	2,300,000		Country Garden Holdings Co Ltd		4.750		07/25/22		2,343,066
	1,825,000	g	Prosus NV		3.680		01/21/30		1,954,950
	2,600,000		Shimao Property Holdings Ltd		5.200		01/30/25		2,720,377

320

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
$	625,000		Weibo Corp		3.500	%	07/05/24	$	659,093
	1,825,000		Weibo Corp		3.375		07/08/30		1,915,101
			TOTAL CHINA						12,529,832
COLOMBIA - 2.5%
	2,125,000		Bancolombia S.A.		3.000		01/29/25		2,114,375
	1,675,000		Bancolombia S.A.		4.625		12/18/29		1,591,250
	1,138,000	g	Colombia Telecomunicaciones S.A. ESP		5.375		09/27/22		1,140,845
	775,000		Ecopetrol S.A.		6.875		04/29/30		933,875
	2,000,000	g	Empresas Publicas de Medellin ESP		4.250		07/18/29		2,037,000
	1,000,000	g	Empresas Publicas de Medellin ESP		4.375		02/15/31		1,022,500
	2,000,000	g	Geopark Ltd		5.500		01/17/27		1,750,000
	2,075,000	g	Grupo Aval Ltd		4.375		02/04/30		1,988,887
	1,000,000	g	Millicom International Cellular S.A.		6.250		03/25/29		1,100,750
	475,000	g	Oleoducto Central S.A.		4.000		07/14/27		491,388
			TOTAL COLOMBIA						14,170,870
COSTA RICA - 0.6%
	2,327,130	g	Autopistas del Sol S.A.		7.375		12/30/30		2,015,876
	952,000	g	Banco Nacional de Costa Rica		5.875		04/25/21		960,330
	200,000	g	Instituto Costarricense de Electricidad		6.950		11/10/21		200,000
			TOTAL COSTA RICA						3,176,206
DOMINICAN REPUBLIC - 0.4%
	2,500,000	g	Aeropuertos Dominicanos Siglo XXI S.A.		6.750		03/30/29		2,193,750
			TOTAL DOMINICAN REPUBLIC						2,193,750
GHANA - 0.3%
	2,000,000	g	Tullow Oil plc		6.250		04/15/22		1,400,000
	1,000,000	g	Tullow Oil plc		7.000		03/01/25		595,000
			TOTAL GHANA						1,995,000
GUATEMALA - 0.3%
	1,750,000	g	Central American Bottling Corp		5.750		01/31/27		1,833,125
			TOTAL GUATEMALA						1,833,125
HONG KONG - 0.3%
	1,550,000	g	Melco Resorts Finance Ltd		5.750		07/21/28		1,574,222
			TOTAL HONG KONG						1,574,222
INDIA - 3.6%
	2,325,000	g	Adani Green Energy UP Ltd		6.250		12/10/24		2,449,729
	2,100,000	g	Adani Ports & Special Economic Zone Ltd		4.375		07/03/29		2,108,192
	2,100,000	g	Azure Power Energy Ltd		5.500		11/03/22		2,138,659
	400,000	g	Azure Power Solar Energy Pvt Ltd		5.650		12/24/24		407,968
	2,250,000	g	Bharti Airtel Ltd		4.375		06/10/25		2,382,154
	4,000,000	g	Export-Import Bank of India		3.250		01/15/30		4,063,120
	1,100,000	g	Indian Railway Finance Corp Ltd		3.249		02/13/30		1,105,637
	2,000,000	g	Muthoot Finance Ltd		6.125		10/31/22		2,044,327
	2,200,000	g	Power Finance Corp Ltd		3.950		04/23/30		2,163,760
	2,300,000	g	Vedanta Resources Finance II plc		9.250		04/23/26		1,610,000
			TOTAL INDIA						20,473,546

321

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
INDONESIA - 4.7%
$	2,500,000	g	Adaro Indonesia PT		4.250	%	10/31/24	$	2,481,250
IDR	12,280,000,000	g	Jasa Marga Persero Tbk PT		7.500		12/11/20		810,651
$	1,500,000	g	Listrindo Capital BV		4.950		09/14/26		1,548,750
	1,562,113	g	LLPL Capital Pte Ltd		6.875		02/04/39		1,780,808
	300,000	g	Medco Oak Tree Pte Ltd		7.375		05/14/26		295,721
	2,200,000	g	Medco Platinum Road Pte Ltd		6.750		01/30/25		2,128,355
	2,300,000	g	Minejesa Capital BV		5.625		08/10/37		2,449,500
	850,000	g	Pertamina Persero PT		3.650		07/30/29		911,624
	1,250,000	g	Pertamina Persero PT		4.700		07/30/49		1,444,678
	2,750,000	g	Pertamina Persero PT		4.150		02/25/60		2,904,055
	1,400,000	g	Perusahaan Listrik Negara PT		3.875		07/17/29		1,522,500
	2,000,000	g	Perusahaan Listrik Negara PT		5.250		10/24/42		2,395,000
	2,000,000	g	Perusahaan Listrik Negara PT		6.150		05/21/48		2,700,000
	2,000,000	g	Saka Energi Indonesia PT		4.450		05/05/24		1,889,888
	2,086,100	g	Star Energy Geothermal Wayang Windu Ltd		6.750		04/24/33		2,238,111
			TOTAL INDONESIA						27,500,891
ISRAEL - 0.4%
	2,200,000	g	Bank Leumi Le-Israel BM		3.275		01/29/31		2,180,794
			TOTAL ISRAEL						2,180,794
JAMAICA - 0.0%
	261,237	g,o	Digicel Group 0.5 Ltd		8.000		04/01/25		88,821
	390,564	g,o	Digicel Group 0.5 Ltd		7.000		N/A‡		48,820
			TOTAL JAMAICA						137,641
KAZAKHSTAN - 1.9%
KZT	453,000,000	g	Development Bank of Kazakhstan JSC		8.950		05/04/23		1,012,152
$	1,098,937	g	Kazkommertsbank JSC		5.500		12/21/22		1,094,047
	1,800,000	g	KazMunayGas National Co JSC		4.750		04/19/27		2,011,661
	1,550,000	g	KazMunayGas National Co JSC		6.375		10/24/48		2,067,892
	2,475,000	g	KazTransGas JSC		4.375		09/26/27		2,689,511
	2,000,000	g	Tengizchevroil Finance Co International Ltd		2.625		08/15/25		2,015,871
			TOTAL KAZAKHSTAN						10,891,134
KUWAIT - 0.6%
	975,000	g	MEGlobal Canada ULC		5.875		05/18/30		1,152,552
	2,500,000	g	NBK Tier  Financing 2 Ltd		4.500		N/A‡		2,390,250
			TOTAL KUWAIT						3,542,802
MACAU - 0.7%
	775,000	g	MGM China Holdings Ltd		5.250		06/18/25		796,312
	1,325,000	g	MGM China Holdings Ltd		5.875		05/15/26		1,401,187
	875,000	g	Sands China Ltd		3.800		01/08/26		910,438
	1,000,000	g	Wynn Macau Ltd		5.500		01/15/26		1,002,500
			TOTAL MACAU						4,110,437
MALAYSIA - 1.3%
	3,000,000		1MDB Global Investments Ltd		4.400		03/09/23		2,945,269
	2,100,000		Gohl Capital Ltd		4.250		01/24/27		2,137,268
	650,000	g	Petronas Capital Ltd		3.500		04/21/30		737,681
	1,250,000	g	Petronas Capital Ltd		4.550		04/21/50		1,709,310
			TOTAL MALAYSIA						7,529,528

322

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
MEXICO - 4.5%
$	5,750,000	g,q	Aerovias de Mexico S.A.		7.000	%	02/05/25	$	1,279,375
	3,000,000	g	Banco Nacional de Comercio Exterior SNC		3.800		08/11/26		2,943,750
	1,425,000	g	Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand		5.375		04/17/25		1,579,684
	800,000	g	BBVA Bancomer S.A.		5.350		11/12/29		778,080
	2,000,000	g	BBVA Bancomer S.A.		5.125		01/18/33		1,880,020
	900,000	g	Cemex SAB de C.V.		7.375		06/05/27		959,499
	2,000,000	g	Grupo Bimbo SAB de C.V.		4.000		09/06/49		2,125,740
	2,150,000	g	Industrias Penoles SAB de C.V.		4.150		09/12/29		2,311,250
	1,500,000	g	Industrias Penoles SAB de C.V.		4.750		08/06/50		1,560,000
	2,000,000		Petroleos Mexicanos		4.875		01/18/24		1,955,000
	1,000,000		Petroleos Mexicanos		4.500		01/23/26		916,000
	2,100,000		Petroleos Mexicanos		5.350		02/12/28		1,842,750
	4,647,000	g	Petroleos Mexicanos		6.840		01/23/30		4,321,710
	2,075,000		Petroleos Mexicanos		6.350		02/12/48		1,633,959
			TOTAL MEXICO						26,086,817
PANAMA - 1.4%
	2,750,000	g	Banistmo S.A.		4.250		07/31/27		2,728,000
	1,175,000	g	Cable Onda S.A.		4.500		01/30/30		1,233,597
	3,300,000	g	Empresa de Transmision Electrica S.A.		5.125		05/02/49		3,870,900
			TOTAL PANAMA						7,832,497
PARAGUAY - 0.2%
	1,000,000	g	Telefonica Celular del Paraguay S.A.		5.875		04/15/27		1,058,210
			TOTAL PARAGUAY						1,058,210
PERU - 2.8%
PEN	9,000,000	g	Alicorp SAA		6.875		04/17/27		2,861,969
$	1,825,000	g	Banco de Credito del Peru		3.125		07/01/30		1,810,400
	3,000,000	g	Banco Internacional del Peru SAA Interbank		4.000		07/08/30		3,000,000
	1,700,000	g	Credicorp Ltd		2.750		06/17/25		1,704,896
	1,575,000	g	Hunt Oil Co of Peru LLC Sucursal Del Peru		6.375		06/01/28		1,552,163
	2,300,000	g	Inkia Energy Ltd		5.875		11/09/27		2,342,090
	975,000	g	Lima Metro Line 2 Finance Ltd		4.350		04/05/36		1,076,400
	1,750,000	g	Nexa Resources S.A.		6.500		01/18/28		1,896,160
			TOTAL PERU						16,244,078
RUSSIA - 0.4%
	2,250,000	g	Sovcombank Via SovCom		8.000		04/07/30		2,257,728
			TOTAL RUSSIA						2,257,728
SOUTH AFRICA - 1.6%
	2,000,000	g	Eskom Holdings SOC Ltd		5.750		01/26/21		1,964,351
	2,000,000	g	Eskom Holdings SOC Ltd		6.750		08/06/23		1,920,176
	1,600,000	g	Eskom Holdings SOC Ltd		8.450		08/10/28		1,558,289
	2,300,000	g	Gold Fields Orogen Holdings BVI Ltd		6.125		05/15/29		2,691,000
	3,500,000	g,q	Petra Diamonds US Treasury plc		7.250		05/01/22		1,283,800
			TOTAL SOUTH AFRICA						9,417,616

323

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SPAIN - 0.4%
$	2,500,000	g	International Airport Finance S.A.		12.000	%	03/15/33	$	2,121,875
			TOTAL SPAIN						2,121,875
THAILAND - 1.6%
	2,500,000	g	Bangkok Bank PCL		3.733		09/25/34		2,504,463
	1,200,000	g	PTTEP Treasury Center Co Ltd		2.587		06/10/27		1,246,050
	2,750,000	g	PTTEP Treasury Center Co Ltd		3.903		12/06/59		3,187,037
	2,400,000	g	Thaioil Treasury Center Co Ltd		3.750		06/18/50		2,486,655
			TOTAL THAILAND						9,424,205
TRINIDAD AND TOBAGO - 0.5%
	2,950,000	g	National Gas Company of Trinidad and Tobago Limited		6.050		01/15/36		2,858,285
			TOTAL TRINIDAD AND TOBAGO						2,858,285
TURKEY - 1.2%
	2,000,000	g	Akbank T.A.S.		6.800		02/06/26		1,961,240
	1,900,000	g	Akbank TAS		7.200		03/16/27		1,725,215
	500,000	g	Akbank TAS		6.797		04/27/28		427,000
	2,000,000	g	Turkiye Garanti Bankasi AS.		6.125		05/24/27		1,695,980
	1,000,000	g	Turkiye Is Bankasi		6.125		04/25/24		950,241
			TOTAL TURKEY						6,759,676
UKRAINE - 1.8%
	1,500,000	g	Kernel Holding S.A.		6.500		10/17/24		1,486,252
	2,250,000	g	Metinvest BV		7.750		10/17/29		2,081,250
	2,000,000		NAK Naftogaz Ukraine via Kondor Finance plc		7.375		07/19/22		1,980,144
	2,700,000	g	NAK Naftogaz Ukraine via Kondor Finance plc		7.625		11/08/26		2,596,093
	2,400,000	g	Ukreximbank Via Biz Finance plc		9.750		01/22/25		2,476,800
			TOTAL UKRAINE						10,620,539
UNITED ARAB EMIRATES - 1.3%
	1,975,000	g	Abu Dhabi Crude Oil Pipeline LLC		4.600		11/02/47		2,470,907
	2,100,000	g	DP World Ltd		5.625		09/25/48		2,563,281
	2,500,000	g	MDGH-GMTN BV		3.700		11/07/49		2,925,000
			TOTAL UNITED ARAB EMIRATES						7,959,188
UNITED STATES - 0.6%
	3,000,000	g	Hyundai Capital America		3.500		11/02/26		3,193,811
			TOTAL UNITED STATES						3,193,811
			TOTAL CORPORATE BONDS						275,261,636
			(Cost $276,147,172)
GOVERNMENT BONDS - 47.9%
ANGOLA - 1.0%
	2,250,000	g	Angolan Government International Bond		8.250		05/09/28		1,901,348
	1,775,000	g	Angolan Government International Bond		8.000		11/26/29		1,477,832
	2,500,000	g	Angolan Government International Bond		9.375		05/08/48		2,049,170
			TOTAL ANGOLA						5,428,350

324

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
ARGENTINA - 0.8%
$	2,375,000	†	Argentina Republic Government International Bond		5.625	%	01/26/22	$	1,048,562
	2,000,000	†	Argentina Republic Government International Bond		7.500		04/22/26		860,000
	4,000,000	†	Argentina Republic Government International Bond		7.125		06/28/17		1,656,000
	2,650,000	†,g	Provincia de Buenos Aires		7.875		06/15/27		1,146,125
			TOTAL ARGENTINA						4,710,687
AZERBAIJAN - 0.8%
	3,923,000	g	Southern Gas Corridor CJSC		6.875		03/24/26		4,615,410
			TOTAL AZERBAIJAN						4,615,410
BAHRAIN - 0.7%
	2,100,000	g	Bahrain Government International Bond		5.625		09/30/31		2,121,000
	2,000,000	g	CBB International Sukuk Programme Co SPC		6.250		11/14/24		2,163,223
			TOTAL BAHRAIN						4,284,223
BARBADOS - 0.5%
	7,000	g	Barbados Government International Bond		6.500		02/01/21		7,001
	2,814,800	g	Barbados Government International Bond		6.500		10/01/29		2,652,105
			TOTAL BARBADOS						2,659,106
BELARUS - 0.4%
	2,500,000	g	Republic of Belarus Ministry of Finance		5.875		02/24/26		2,419,096
			TOTAL BELARUS						2,419,096
BERMUDA - 0.4%
	2,000,000	g	Bermuda Government International Bond		4.750		02/15/29		2,353,000
			TOTAL BERMUDA						2,353,000
BRAZIL - 2.0%
BRL	6,250,000		Brazil Notas do Tesouro Nacional Serie F		10.000		01/01/27		1,446,724
	8,950,000		Brazil Notas do Tesouro Nacional Serie F		10.000		01/01/29		2,111,066
$	1,625,000		Brazilian Government International Bond		2.875		06/06/25		1,646,141
	1,450,000		Brazilian Government International Bond		3.875		06/12/30		1,477,564
	2,150,000		Brazilian Government International Bond		7.125		01/20/37		2,762,750
	1,625,000		Brazilian Government International Bond		5.625		02/21/47		1,856,562
			TOTAL BRAZIL						11,300,807
CHINA - 0.4%
CNY	17,000,000		China Government International Bond		3.120		12/05/26		2,461,254
			TOTAL CHINA						2,461,254
COLOMBIA - 0.9%
$	3,175,000		Colombia Government International Bond		3.000		01/30/30		3,267,075
	1,400,000		Colombia Government International Bond		4.125		05/15/51		1,557,500
			TOTAL COLOMBIA						4,824,575
COSTA RICA - 0.5%
	1,400,000	g	Costa Rica Government International Bond		6.125		02/19/31		1,269,240
	2,500,000	g	Costa Rica Government International Bond		5.625		04/30/43		2,033,750
			TOTAL COSTA RICA						3,302,990

325

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
COTE D’IVOIRE - 0.3%
$	2,075,000	g	Ivory Coast Government International Bond (Step Bond)		5.750	%	12/31/32	$	2,003,993
			TOTAL COTE D’IVOIRE						2,003,993
DOMINICAN REPUBLIC - 1.7%
	3,600,000	g	Dominican Republic Government International Bond		6.875		01/29/26		3,967,200
DOP	80,000,000	g	Dominican Republic Government International Bond		11.250		02/05/27		1,441,052
	52,000,000	g	Dominican Republic Government International Bond		10.375		01/11/30		893,068
$	3,160,000	g	Dominican Republic Government International Bond		7.450		04/30/44		3,556,580
			TOTAL DOMINICAN REPUBLIC						9,857,900
ECUADOR - 1.2%
	2,500,000	†,g	Ecuador Government International Bond		7.875		03/27/25		1,293,750
	3,150,000	†,g	Ecuador Government International Bond		9.650		12/13/26		1,606,500
	1,750,000	†,g	Ecuador Government International Bond		8.875		10/23/27		888,125
	2,500,000	†,g	Ecuador Government International Bond		7.875		01/23/28		1,250,000
	3,500,000	†,g	Ecuador Government International Bond		10.750		01/31/29		1,798,125
	364,583	g	Petroamazonas EP		4.625		12/06/21		282,552
			TOTAL ECUADOR						7,119,052
EGYPT - 2.1%
EGP	12,500,000		Egypt Government International Bond		16.000		06/11/22		802,599
$	1,275,000	g	Egypt Government International Bond		5.750		05/29/24		1,285,583
	2,200,000	g	Egypt Government International Bond		6.588		02/21/28		2,172,248
	1,450,000	g	Egypt Government International Bond		7.600		03/01/29		1,477,929
	1,225,000	g	Egypt Government International Bond		7.053		01/15/32		1,158,893
	4,050,000	g	Egypt Government International Bond		8.500		01/31/47		3,996,891
	1,000,000	g	Egypt Government International Bond		8.150		11/20/59		928,696
			TOTAL EGYPT						11,822,839
EL SALVADOR - 0.5%
	3,100,000	g	El Salvador Government International Bond		7.625		02/01/41		2,720,250
			TOTAL EL SALVADOR						2,720,250
GHANA - 1.1%
GHS	2,965,000	g	Citigroup Global Markets Holdings, Inc		24.500		06/28/21		545,480
$	2,825,000	g	Ghana Government International Bond		8.125		03/26/32		2,641,049
	2,000,000	g	Ghana Government International Bond		8.627		06/16/49		1,770,000
	1,000,000	g	Ghana Government International Bond		8.750		03/11/61		883,750
			TOTAL GHANA						5,840,279
GREECE - 0.6%
EUR	2,225,000	g	Hellenic Republic Government International Bond		1.875		07/23/26		2,798,016
	450,000	g	Hellenic Republic Government International Bond		1.500		06/18/30		550,986
			TOTAL GREECE						3,349,002
GUATEMALA - 1.1%
$	1,500,000	g	Guatemala Government International Bond		4.500		05/03/26		1,607,250
	1,650,000	g	Guatemala Government International Bond		4.375		06/05/27		1,772,100
	275,000	g	Guatemala Government International Bond		5.375		04/24/32		314,875
	1,975,000	g	Guatemala Government International Bond		6.125		06/01/50		2,405,550
			TOTAL GUATEMALA						6,099,775

326

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
HONDURAS - 0.6%
$	2,500,000	g	Honduras Government International Bond		6.250	%	01/19/27	$	2,706,250
	525,000	g	Honduras Government International Bond		5.625		06/24/30		552,562
			TOTAL HONDURAS						3,258,812
INDONESIA - 1.1%
	875,000	g	Indonesia Government International Bond		4.625		04/15/43		1,074,404
IDR	12,000,000,000		Indonesia Treasury Bond		8.375		09/15/26		903,688
	21,300,000,000		Indonesia Treasury Bond		8.375		03/15/34		1,581,598
$	2,375,000	g	Perusahaan Penerbit SBSN Indonesia III		3.900		08/20/24		2,574,453
			TOTAL INDONESIA						6,134,143
IRAQ - 0.8%
	3,350,000	g	Iraq Government International Bond		6.752		03/09/23		3,191,409
	1,500,000	g	Iraq Government International Bond		5.800		01/15/28		1,391,400
			TOTAL IRAQ						4,582,809
ISRAEL - 0.5%
	2,350,000		State of Israel		3.375		01/15/50		2,696,625
			TOTAL ISRAEL						2,696,625
JAMAICA - 1.4%
	500,000		Jamaica Government International Bond		7.625		07/09/25		572,500
	2,950,000		Jamaica Government International Bond		8.000		03/15/39		3,880,725
	2,550,000		Jamaica Government International Bond		7.875		07/28/45		3,327,750
			TOTAL JAMAICA						7,780,975
JORDAN - 1.2%
	3,700,000	g	Jordan Government International Bond		4.950		07/07/25		3,694,528
	1,000,000	g	Jordan Government International Bond		5.750		01/31/27		1,012,989
	2,000,000	g	Jordan Government International Bond		7.375		10/10/47		2,085,473
			TOTAL JORDAN						6,792,990
KAZAKHSTAN - 0.4%
	1,600,000	g	Kazakhstan Government International Bond		6.500		07/21/45		2,493,872
			TOTAL KAZAKHSTAN						2,493,872
KENYA - 1.1%
	1,950,000	g	Kenya Government International Bond		6.875		06/24/24		1,977,945
	900,000	g	Kenya Government International Bond		7.000		05/22/27		885,736
	2,250,000	g	Kenya Government International Bond		8.000		05/22/32		2,219,834
	1,325,000	g	Kenya Government International Bond		8.250		02/28/48		1,295,982
			TOTAL KENYA						6,379,497
LEBANON - 0.2%
	3,200,000	†,q	Lebanon Government International Bond		6.250		11/04/24		512,640
	3,800,000	†,q	Lebanon Government International Bond		6.850		03/23/27		623,200
			TOTAL LEBANON						1,135,840
MEXICO - 1.4%
MXN	51,100,000		Mexican Bonos		7.500		06/03/27		2,569,098
	30,000,000		Mexican Bonos		7.750		05/29/31		1,542,975
$	3,650,000		Mexico Government International Bond		4.750		04/27/32		4,182,900
			TOTAL MEXICO						8,294,973

327

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
MOROCCO - 0.6%
$	2,800,000	g	Morocco Government International Bond		5.500	%	12/11/42	$	3,537,206
			TOTAL MOROCCO						3,537,206
NIGERIA - 1.2%
	1,700,000	g	Nigeria Government International Bond		7.625		11/21/25		1,751,779
	3,475,000	g	Nigeria Government International Bond		6.500		11/28/27		3,305,958
	2,000,000	g	Nigeria Government International Bond		7.696		02/23/38		1,862,300
			TOTAL NIGERIA						6,920,037
OMAN - 0.5%
	1,500,000	g	Oman Government International Bond		5.375		03/08/27		1,419,083
	1,200,000	g	Oman Government International Bond		6.500		03/08/47		1,061,952
	750,000	g	Oman Government International Bond		6.750		01/17/48		664,013
			TOTAL OMAN						3,145,048
PAKISTAN - 0.6%
	3,700,000	g	Pakistan Government International Bond		6.875		12/05/27		3,633,190
			TOTAL PAKISTAN						3,633,190
PANAMA - 0.5%
	2,850,000	g	Panama Notas del Tesoro		3.750		04/17/26		3,015,585
			TOTAL PANAMA						3,015,585
PARAGUAY - 0.6%
	2,500,000	g	Paraguay Government International Bond		5.400		03/30/50		3,187,500
			TOTAL PARAGUAY						3,187,500
PERU - 1.7%
	3,000,000	g	Fondo MIVIVIENDA S.A.		3.500		01/31/23		3,093,750
	3,350,000		Peruvian Government International Bond		2.392		01/23/26		3,561,050
PEN	4,450,000	g	Peruvian Government International Bond		6.950		08/12/31		1,594,120
	3,500,000	g	Peruvian Government International Bond		5.400		08/12/34		1,080,156
	1,100,000	g	Peruvian Government International Bond		6.900		08/12/37		378,910
			TOTAL PERU						9,707,986
PHILIPPINES - 0.7%
PHP	50,000,000		Philippine Government International Bond		4.950		01/15/21		1,023,758
$	2,725,000		Philippine Government International Bond		2.457		05/05/30		2,987,229
			TOTAL PHILIPPINES						4,010,987
QATAR - 0.4%
	450,000	g	Qatar Government International Bond		3.400		04/16/25		496,365
	1,000,000	g	Qatar Government International Bond		4.500		04/23/28		1,208,212
	675,000	g	Qatar Government International Bond		3.750		04/16/30		793,152
			TOTAL QATAR						2,497,729
REPUBLIC OF SERBIA - 0.4%
RSD	58,000,000		Serbia Treasury Bonds		5.750		07/21/23		640,108
	69,650,000		Serbia Treasury Bonds		5.875		02/08/28		815,834
	123,000,000		Serbia Treasury Bonds		4.500		08/20/32		1,303,672
			TOTAL REPUBLIC OF SERBIA						2,759,614

328

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
ROMANIA - 0.5%
$	3,000,000	g	Romanian Government International Bond		4.000	%	02/14/51	$	3,145,906
			TOTAL ROMANIA						3,145,906
RUSSIA - 1.3%
RUB	105,300,000		Russian Federal Bond-OFZ		7.100		10/16/24		1,536,600
	75,000,000		Russian Federal Bond-OFZ		7.950		10/07/26		1,178,795
	64,000,000		Russian Federal Bond-OFZ		7.650		04/10/30		974,849
$	2,800,000	g	Russian Foreign Bond - Eurobond		5.100		03/28/35		3,498,208
			TOTAL RUSSIA						7,188,452
RWANDA - 0.4%
	2,500,000	g	Rwanda Government International Bond		6.625		05/02/23		2,524,510
			TOTAL RWANDA						2,524,510
SAUDI ARABIA - 1.1%
	1,000,000	g	Saudi Government International Bond		2.900		10/22/25		1,070,897
	1,500,000	g	Saudi Government International Bond		3.250		10/26/26		1,645,935
	2,000,000	g	Saudi Government International Bond		3.750		01/21/55		2,303,700
	950,000	g	Saudi Government International Bond		4.500		04/22/60		1,244,519
			TOTAL SAUDI ARABIA						6,265,051
SENEGAL - 0.5%
	950,000	g	Senegal Government International Bond		6.250		05/23/33		942,138
	1,900,000	g	Senegal Government International Bond		6.750		03/13/48		1,805,076
			TOTAL SENEGAL						2,747,214
SOUTH AFRICA - 1.4%
	1,000,000		Republic of South Africa Government International Bond		5.750		09/30/49		888,220
	3,000,000		South Africa Government International Bond		4.300		10/12/28		2,819,955
ZAR	59,300,000		South Africa Government International Bond		7.000		02/28/31		2,852,312
$	1,250,000		South Africa Government International Bond		5.375		07/24/44		1,098,800
			TOTAL SOUTH AFRICA						7,659,287
SRI LANKA - 0.5%
	1,850,000	g	Sri Lanka Government International Bond		6.850		11/03/25		1,414,797
	2,500,000	g	Sri Lanka Government International Bond		6.825		07/18/26		1,861,705
			TOTAL SRI LANKA						3,276,502
SUPRANATIONAL - 0.8%
INR	72,000,000		Asian Development Bank		6.200		10/06/26		1,002,307
$	1,000,000	g	Banque Ouest Africaine de Developpement		5.000		07/27/27		1,051,761
	2,000,000	g	Banque Ouest Africaine de Developpement		4.700		10/22/31		2,029,255
IDR	6,800,000,000		European Bank for Reconstruction & Development		8.300		10/02/20		466,266
			TOTAL SUPRANATIONAL						4,549,589
THAILAND - 0.4%
THB	31,000,000		Thailand Government International Bond		2.875		12/17/28		1,127,346
	35,700,000		Thailand Government International Bond		3.400		06/17/36		1,421,909
			TOTAL THAILAND						2,549,255
TRINIDAD AND TOBAGO - 0.6%
$	3,500,000	g	Trinidad & Tobago Government International Bond		4.500		06/26/30		3,437,000
			TOTAL TRINIDAD AND TOBAGO						3,437,000

329

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE
TURKEY - 1.4%
$	2,500,000		Turkey Government International Bond			5.250	%	03/13/30	$	2,150,535
	3,700,000		Turkey Government International Bond			4.875		04/16/43		2,802,750
	3,000,000	g	Turkiye Ihracat Kredit Bankasi			5.375		10/24/23		2,835,880
			TOTAL TURKEY							7,789,165
UGANDA - 0.2%
UGX	4,800,000,000		Republic of Uganda Government Bonds			14.250		08/23/29		1,319,055
			TOTAL UGANDA							1,319,055
UKRAINE - 2.6%
UAH	38,000,000		Citigroup Global Markets Holdings, Inc			14.700		01/25/21		1,399,714
	6,914,000		Ukraine Government International Bond			18.000		03/24/21		261,392
	37,000,000		Ukraine Government International Bond			15.840		02/26/25		1,461,814
$	5,000,000	g	Ukraine Government International Bond			7.750		09/01/25		5,156,400
	1,450,000	g	Ukraine Government International Bond			9.750		11/01/28		1,617,205
EUR	1,850,000	g	Ukraine Government International Bond			4.375		01/27/30		1,827,218
$	1,500,000	g	Ukraine Government International Bond			7.253		03/15/33		1,423,775
	2,320,000	g,j	Ukraine Government International Bond			0.000		05/31/40		2,034,640
			TOTAL UKRAINE							15,182,158
UNITED ARAB EMIRATES - 0.3%
	1,350,000	g	Abu Dhabi Government International Bond			3.875		04/16/50		1,711,549
			TOTAL UNITED ARAB EMIRATES							1,711,549
URUGUAY - 1.4%
UYU	62,000,000		Uruguay Government International Bond			9.875		06/20/22		1,479,329
$	5,103,796		Uruguay Government International Bond			4.375		01/23/31		6,252,150
			TOTAL URUGUAY							7,731,479
UZBEKISTAN - 1.2%
	1,750,000	g	Republic of Uzbekistan Government International Bond			4.750		02/20/24		1,860,016
	4,550,000	g	Republic of Uzbekistan Government International Bond			5.375		02/20/29		5,145,600
			TOTAL UZBEKISTAN							7,005,616
ZAMBIA - 0.4%
	400,000	†,g	Zambia Government International Bond			5.375		09/20/22		224,008
	3,500,000	†,g	Zambia Government International Bond			8.500		04/14/24		1,959,045
	750,000	†,g	Zambia Government International Bond			8.970		07/30/27		423,870
			TOTAL ZAMBIA							2,606,923
			TOTAL GOVERNMENT BONDS							275,826,717
			(Cost $291,274,349)
STRUCTURED ASSETS - 1.0%
JERSEY, C.I - 0.5%
	2,692,308	†,i	ARTS Ltd Series - 0 2016 53 (Class NOTE)	LIBOR 3 M + 1.780%		2.093		09/15/21		2,645,192
			TOTAL Jersey, C.I.							2,645,192

330

TIAA-CREF FUNDS - Emerging Markets Debt Fund

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE
SPAIN - 0.5%
$	2,916,667	†,i	Garanti Diversified Payment Rights Finance Co Series - 0 2016 A (Class A)	LIBOR 3 M + 2.672%		2.940	%	10/09/21	$	2,876,563
			TOTAL SPAIN							2,876,563
			TOTAL STRUCTURED ASSETS							5,521,755
			(Cost $5,523,894)
			TOTAL BONDS							556,610,108
			(Cost $572,945,415)
SHARES			COMPANY
COMMON STOCKS -  0.1%
BRAZIL - 0.1%
	151,162	*	Oi S.A. (ADR)							249,417
			TOTAL BRAZIL							249,417
			TOTAL COMMON STOCKS							249,417
			(Cost $1,044,573)
PRINCIPAL			ISSUER
SHORT-TERM INVESTMENTS - 2.7%
EGYPT - 0.2%
EGP	22,000,000	j	Egypt Treasury Bills			0.000		11/03/20		1,333,492
			TOTAL EGYPT							1,333,492
UNITED STATES - 1.4%
$	8,060,000		United States Treasury Bill			0.093		09/03/20		8,059,358
			TOTAL UNITED STATES							8,059,358
REPURCHASE AGREEMENT - 1.1%
UNITED STATES - 1.1%
	6,310,000	r	Fixed Income Clearing Corp (FICC)			0.080		08/03/20		6,310,000
			TOTAL UNITED STATES							6,310,000
			TOTAL REPURCHASE AGREEMENT							6,310,000
			TOTAL SHORT-TERM INVESTMENTS							15,702,850
			(Cost $15,703,882)
			TOTAL INVESTMENTS - 99.5%							572,562,375
			(Cost $589,693,870)
			OTHER ASSETS & LIABILITIES, NET - 0.5%							3,069,793
			NET ASSETS - 100.0%						$	575,632,168
			Abbreviation(s):
	ADR		American Depositary Receipt
	BRL		Brazilian Real
	CNY		Chinese Yuan

331

TIAA-CREF FUNDS - Emerging Markets Debt Fund

DOP	Dominican Republic Peso
EGP	Egyptian Pound
EUR	Euro
GHS	Ghanaian Cedi
IDR	Indonesian Rupiah
INR	Indian Rupee
KZT	Kazakhstani Tenge
LIBOR	London Interbank Offered Rate
M	Month
MXN	Mexican Peso
PEN	Peruvian Sol
PHP	Philippine Peso
RSD	Serbian Dinar
RUB	Russian Ruble
THB	Thai Baht
UAH	Ukrainian Hryvnia
UGX	Ugandan Shilling
UYU	Uruguayan Peso
ZAR	South African Rand
*	Non-income producing
‡	Perpetual security
†	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 7/31/2020, the aggregate value of these securities is $427,009,394 or 74.2% of net assets.
i	Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.
j	Zero coupon
o	Payment in Kind Bond
q	In default
r	Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $6,310,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $6,436,220.

332

TIAA-CREF FUNDS - Emerging Markets Debt Fund

TIAA-CREF FUNDS

EMERGING MARKETS DEBT FUND

SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2020

SECTOR	VALUE		% OF NET ASSETS
GOVERNMENT	$	275,826,716		47.9	%
FINANCIALS		59,198,871		10.3
UTILITIES		54,173,152		9.4
ENERGY		49,227,089		8.5
COMMUNICATION SERVICES		27,993,191		4.9
INDUSTRIALS		24,524,001		4.3
MATERIALS		24,267,715		4.2
CONSUMER STAPLES		12,440,927		2.2
CONSUMER DISCRETIONARY		10,833,420		1.9
REAL ESTATE		8,000,688		1.4
ASSET BACKED SECURITIES		5,521,755		1.0
INFORMATION TECHNOLOGY		3,059,500		0.5
HEALTH CARE		1,792,500		0.3
SHORT-TERM INVESTMENTS		15,702,850		2.7
OTHER ASSETS & LIABILITIES, NET		3,069,793		0.5
NET ASSETS	$	575,632,168		100.0	%

333

TIAA-CREF FUNDS - International Bond Fund

TIAA-CREF FUNDS

INTERNATIONAL BOND FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2020

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE
BANK LOAN OBLIGATIONS - 1.3%
AUSTRALIA - 0.1%
$	391,250	i	Hamilton HoldCo LLC	LIBOR 3 M + 2.000%		3.460	%	01/02/27	$	380,491
			TOTAL AUSTRALIA							380,491
CANADA - 0.1%
	394,849	i	1011778 BC ULC	LIBOR 1 M + 1.750%		1.928		11/19/26		378,499
			TOTAL CANADA							378,499
IRELAND - 0.1%
	261,086	i	Avolon TLB Borrower US LLC	LIBOR 1 M + 1.750%		2.500		01/15/25		248,489
	349,125	i	Avolon TLB Borrower US LLC	LIBOR 1 M + 1.500%		2.250		02/10/27		325,779
			TOTAL IRELAND							574,268
LUXEMBOURG - 0.1%
	435,047	i	Ineos US Finance LLC	LIBOR 1 M + 2.000%		2.178		03/31/24		418,189
			TOTAL LUXEMBOURG							418,189
UNITED STATES - 0.9%
	339,930	i	American Airlines, Inc	LIBOR 1 M + 2.000%		2.175		12/14/23		253,248
	387,968	i	Bausch Health Americas, Inc	LIBOR 1 M + 3.000%		3.176		06/02/25		381,241
	287,797	i	Change Healthcare Holdings LLC	LIBOR 3 M + 2.500%		3.500		03/01/24		281,160
	472,607	i	Dell International LLC	LIBOR 1 M + 2.000%		2.750		09/19/25		465,664
	121,250	i	Endo Luxembourg Finance I Co Sarl	LIBOR 3 M + 4.250%		5.000		04/29/24		115,753
	245,625	i	HD Supply, Inc	LIBOR 1 M + 1.750%		1.928		10/17/23		241,756
	242,747	i	Mallinckrodt International Finance S.A.	LIBOR 3 M + 2.750%		3.500		09/24/24		202,301
	489,873	i	Nielsen Finance LLC	LIBOR 1 M + 2.000%		2.183		10/04/23		475,065
	449,730	i	Plantronics, Inc	LIBOR 1 and 3 M + 2.500%		2.678		07/02/25		412,565
	340,876	i	Sabre GLBL, Inc	LIBOR 1 M + 2.000%		2.178		02/22/24		309,399
	418,309	i	Samsonite IP Holdings Sarl	LIBOR 1 M + 1.750%		1.928		04/25/25		390,073
	330,727	i	Team Health Holdings, Inc	LIBOR 1 M + 2.750%		3.750		02/06/24		261,274
			TOTAL UNITED STATES							3,789,499
			TOTAL BANK LOAN OBLIGATIONS							5,540,946
			(Cost $5,962,124)
BONDS - 95.8%
CORPORATE BONDS - 19.1%
CANADA - 0.1%
EUR	250,000	g	Fairfax Financial Holdings Ltd			2.750		03/29/28		304,721
			TOTAL CANADA							304,721

334

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
CHILE - 0.4%
$	300,000		Celulosa Arauco y Constitucion S.A.		3.875	%	11/02/27	$	315,801
	250,000	g	Celulosa Arauco y Constitucion S.A.		4.250		04/30/29		263,050
	200,000	g	Celulosa Arauco y Constitucion S.A.		4.200		01/29/30		209,500
	425,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.625		08/01/27		466,276
	425,000	g	Embotelladora Andina S.A.		3.950		01/21/50		435,753
	200,000		Enel Chile S.A.		4.875		06/12/28		236,224
	200,000	g	Inversiones CMPC S.A.		3.850		01/13/30		209,326
			TOTAL CHILE						2,135,930
CHINA - 0.3%
	350,000		JD.com, Inc		3.375		01/14/30		385,996
EUR	125,000	g	Prosus NV		2.031		08/03/32		148,970
$	250,000	z	TCL Technology Investments Ltd		1.875		07/14/25		251,200
	250,000	g	Tencent Holdings Ltd		3.975		04/11/29		291,156
EUR	200,000	z	Three Gorges Finance II Cayman Islands Ltd		1.300		06/21/24		238,427
			TOTAL CHINA						1,315,749
COLOMBIA - 0.3%
$	350,000		Bancolombia S.A.		3.000		01/29/25		348,250
	300,000		Ecopetrol S.A.		5.375		06/26/26		331,875
	75,000		Ecopetrol S.A.		6.875		04/29/30		90,375
	550,000	g	Empresas Publicas de Medellin ESP		4.250		07/18/29		560,175
			TOTAL COLOMBIA						1,330,675
CZECH REPUBLIC - 0.1%
EUR	400,000	z	CEZ AS.		0.875		11/21/22		475,431
			TOTAL CZECH REPUBLIC						475,431
FRANCE - 0.5%
	250,000	g	Altice France S.A.		5.875		02/01/27		314,012
	600,000		Electricite de France S.A.		2.000		10/02/30		795,103
	500,000		Engie S.A.		1.375		03/27/25		625,210
			TOTAL FRANCE						1,734,325
GERMANY - 0.2%
	750,000	g,o	IHO Verwaltungs GmbH		3.750		09/15/26		884,562
			TOTAL GERMANY						884,562
INDIA - 0.4%
$	200,000	g	Adani Ports & Special Economic Zone Ltd		3.375		07/24/24		204,521
	475,000	g	ICICI Bank Ltd		3.800		12/14/27		484,220
	200,000	z	Indian Railway Finance Corp Ltd		3.730		03/29/24		210,955
	200,000	g	Indian Railway Finance Corp Ltd		3.249		02/13/30		201,025
	300,000	z	Power Finance Corp Ltd		4.500		06/18/29		305,606
			TOTAL INDIA						1,406,327
INDONESIA - 0.2%
	225,000	g	Pelabuhan Indonesia III Persero PT		4.500		05/02/23		237,938
	200,000	g	Pertamina Persero PT		3.650		07/30/29		214,500
	225,000	g	Perusahaan Listrik Negara PT		4.875		07/17/49		261,225
			TOTAL INDONESIA						713,663

335

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
ISRAEL - 0.3%
$	300,000	g	Bank Leumi Le-Israel BM		3.275	%	01/29/31	$	297,381
	625,000	g	Israel Electric Corp Ltd		4.250		08/14/28		711,408
			TOTAL ISRAEL						1,008,789
JAPAN - 1.0%
EUR	500,000	z	Mitsubishi UFJ Financial Group, Inc		0.980		10/09/23		605,022
	500,000	z	Mitsubishi UFJ Financial Group, Inc		0.872		09/07/24		603,542
	500,000	z	Sumitomo Mitsui Financial Group, Inc		0.819		07/23/23		601,823
	1,400,000	z	Takeda Pharmaceutical Co Ltd		1.125		11/21/22		1,684,872
	500,000	z	Takeda Pharmaceutical Co Ltd		3.000		11/21/30		707,989
	500,000		Takeda Pharmaceutical Co Ltd		1.375		07/09/32		609,398
			TOTAL JAPAN						4,812,646
KAZAKHSTAN - 0.2%
$	475,000	g	KazTransGas JSC		4.375		09/26/27		516,169
	400,000	g	Tengizchevroil Finance Co International Ltd		2.625		08/15/25		403,174
			TOTAL KAZAKHSTAN						919,343
KOREA, REPUBLIC OF - 0.2%
	400,000	g	POSCO		2.500		01/17/25		415,673
EUR	300,000	z	Shinhan Bank Co Ltd		0.250		10/16/24		344,206
			TOTAL KOREA, REPUBLIC OF						759,879
LUXEMBOURG - 0.3%
	350,000	g	INEOS Finance plc		2.875		05/01/26		399,914
	500,000	z	ProLogis International Funding II S.A.		2.375		11/14/30		678,217
			TOTAL LUXEMBOURG						1,078,131
MALAYSIA - 0.1%
$	200,000	g	Petronas Capital Ltd		3.500		04/21/30		226,979
			TOTAL MALAYSIA						226,979
MEXICO - 0.4%
	200,000	g	Grupo Bimbo SAB de C.V.		4.700		11/10/47		232,312
EUR	200,000		Petroleos Mexicanos		1.875		04/21/22		222,384
	400,000	z	Petroleos Mexicanos		3.625		11/24/25		421,032
$	650,000		Petroleos Mexicanos		5.350		02/12/28		570,375
	250,000	g	Sigma Alimentos S.A. de C.V.		4.125		05/02/26		266,513
			TOTAL MEXICO						1,712,616
NETHERLANDS - 0.1%
EUR	375,000	g	OCI NV		3.125		11/01/24		435,106
			TOTAL NETHERLANDS						435,106
PANAMA - 0.1%
$	300,000	g	Banco General S.A.		4.125		08/07/27		325,500
			TOTAL PANAMA						325,500

336

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
PERU - 0.1%
$	200,000	g	Credicorp Ltd		2.750	%	06/17/25	$	200,576
			TOTAL PERU						200,576
PORTUGAL - 0.3%
EUR	1,000,000		EDP Finance BV		1.125		02/12/24		1,217,059
			TOTAL PORTUGAL						1,217,059
QATAR - 0.1%
$	250,000	z	QNB Finance Ltd		2.750		02/12/27		262,534
			TOTAL QATAR						262,534
RUSSIA - 0.1%
EUR	300,000	z	Gazprom OAO Via Gaz Capital S.A.		2.500		03/21/26		360,067
			TOTAL RUSSIA						360,067
SAUDI ARABIA - 0.0%
$	250,000	g	SABIC Capital II BV		4.000		10/10/23		269,174
			TOTAL SAUDI ARABIA						269,174
SINGAPORE - 0.1%
	250,000	z	SingTel Group Treasury Pte Ltd		1.875		06/10/30		254,198
EUR	400,000	z	Temasek Financial I Ltd		0.500		11/20/31		467,733
$	200,000	g	United Overseas Bank Ltd		3.750		04/15/29		213,507
			TOTAL SINGAPORE						935,438
SWEDEN - 0.1%
	600,000	g	Stena AB		7.000		02/01/24		583,500
			TOTAL SWEDEN						583,500
SWITZERLAND - 0.6%
EUR	750,000	z	Cloverie plc for Zurich Insurance Co Ltd		1.500		12/15/28		960,018
	600,000	g,z	Credit Suisse Group AG.		1.250		07/17/25		724,418
GBP	200,000	z	Credit Suisse Group AG.		2.250		06/09/28		268,321
EUR	325,000		Tyco Electronics Group S.A.		1.100		03/01/23		392,279
			TOTAL SWITZERLAND						2,345,036
THAILAND - 0.1%
$	200,000	g,z	PTTEP Treasury Center Co Ltd		2.587		06/10/27		207,675
	300,000	g	Thaioil Treasury Center Co Ltd		2.500		06/18/30		301,284
			TOTAL THAILAND						508,959
UNITED ARAB EMIRATES - 0.2%
	400,000	g	DP World Ltd		5.625		09/25/48		488,244
GBP	300,000	z	First Abu Dhabi Bank PJSC		1.375		02/19/23		394,405
			TOTAL UNITED ARAB EMIRATES						882,649
UNITED KINGDOM - 1.4%
	1,050,000		BAE Systems plc		4.125		06/08/22		1,451,378
EUR	800,000	z	Barclays plc		0.625		11/14/23		945,639
	1,000,000	z	Coca-Cola European Partners plc		1.500		11/08/27		1,289,779

337

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
GBP	750,000		HSBC Holdings plc		2.175	%	06/27/23	$	994,080
EUR	600,000	g	Reckitt Benckiser Treasury Services Nederland BV		0.375		05/19/26		715,464
	750,000		RELX Capital, Inc		1.300		05/12/25		930,565
			TOTAL UNITED KINGDOM						6,326,905
UNITED STATES - 10.8%
EUR	500,000	z	Abbott Ireland Financing DAC		0.875		09/27/23		605,495
	500,000	z	Abbott Ireland Financing DAC		1.500		09/27/26		634,908
	1,200,000	g	AbbVie, Inc		1.250		06/01/24		1,461,728
	150,000	g	AbbVie, Inc		2.625		11/15/28		204,957
	400,000	g	Adient Global Holdings Ltd		3.500		08/15/24		431,122
JPY	100,000,000		Aflac, Inc		0.550		03/12/30		913,079
	100,000,000		Aflac, Inc		1.122		12/16/39		909,233
EUR	575,000		American Honda Finance Corp		1.950		10/18/24		724,500
	300,000		American Tower Corp		1.375		04/04/25		368,065
	600,000		American Tower Corp		1.950		05/22/26		761,768
	1,000,000	z	Amphenol Technologies Holding GmbH		2.000		10/08/28		1,293,545
	600,000		Aon plc		2.875		05/14/26		793,285
	1,125,000		Apple, Inc		1.375		05/24/29		1,483,547
	500,000		Aptiv plc		1.500		03/10/25		605,585
	300,000	g	Ashland Services BV		2.000		01/30/28		336,779
	700,000		AT&T, Inc		1.300		09/05/23		849,024
	500,000		AT&T, Inc		2.350		09/05/29		660,087
	500,000	g	Avantor Funding, Inc		3.875		07/15/28		611,258
$	500,000		AXA Equitable Holdings, Inc		5.000		04/20/48		630,104
EUR	325,000		Ball Corp		0.875		03/15/24		374,677
	500,000		Bank of America Corp		1.375		03/26/25		619,981
	500,000	z	Bank of America Corp		1.662		04/25/28		630,100
	700,000		Becton Dickinson & Co		1.401		05/24/23		843,998
	670,000		Becton Dickinson & Co		1.900		12/15/26		833,171
	100,000		Capital One Financial Corp		0.800		06/12/24		116,616
	350,000		Chubb INA Holdings, Inc		0.875		06/15/27		421,185
	750,000		Chubb INA Holdings, Inc		1.550		03/15/28		946,993
	350,000		Chubb INA Holdings, Inc		1.400		06/15/31		438,029
	750,000	z	Citigroup, Inc		1.250		07/06/26		912,596
	500,000	z	Citigroup, Inc		1.500		07/24/26		615,228
	700,000		Comcast Corp		0.250		05/20/27		830,507
	900,000		DH Europe Finance Sarl		1.200		06/30/27		1,114,959
	250,000		Digital Euro Finco LLC		2.625		04/15/24		317,303
	600,000		Digital Euro Finco LLC		2.500		01/16/26		770,513
GBP	100,000	z	Digital Stout Holding LLC		2.750		07/19/24		140,307
	200,000		Discovery Communications LLC		2.500		09/20/24		268,359
$	1,075,000		Enable Midstream Partners LP		4.150		09/15/29		974,341
EUR	400,000		FedEx Corp		1.000		01/11/23		479,236
	500,000		FedEx Corp		1.625		01/11/27		611,394
GBP	150,000		Fidelity National Information Services, Inc		1.700		06/30/22		199,667
EUR	375,000		Fidelity National Information Services, Inc		1.100		07/15/24		457,388
	775,000	z	Goldman Sachs Group, Inc		1.375		05/15/24		935,766
	1,000,000	j	Honeywell International, Inc		0.000		03/10/24		1,171,465
	600,000		International Business Machines Corp		0.650		02/11/32		706,370
	250,000	g	Iron Mountain, Inc		3.000		01/15/25		293,015
$	250,000	g	James Hardie International Finance DAC		4.750		01/15/25		256,875

338

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
EUR	1,000,000	z	JPMorgan Chase & Co		0.389	%	02/24/28	$	1,163,836
	500,000	z	JPMorgan Chase & Co		1.638		05/18/28		631,861
	450,000	g	Liberty Mutual Group, Inc		2.750		05/04/26		590,393
	650,000		Liberty Mutual Group, Inc		2.750		05/04/26		852,790
	500,000		McDonald’s Corp		0.900		06/15/26		607,054
	600,000	z	Metropolitan Life Global Funding I		0.550		06/16/27		720,059
$	250,000		MGM Resorts International		4.625		09/01/26		241,985
EUR	670,000		Morgan Stanley		1.342		10/23/26		824,870
GBP	175,000	z	New York Life Global Funding		1.750		12/15/22		234,946
EUR	400,000	g	OI European Group BV		3.125		11/15/24		478,322
	800,000		Parker-Hannifin Corp		1.125		03/01/25		954,315
	600,000		PepsiCo, Inc		0.500		05/06/28		725,242
	540,000		ProLogis Euro Finance LLC		0.375		02/06/28		630,590
	500,000		ProLogis LP		3.000		06/02/26		679,382
	500,000	g	Scientific Games International, Inc		3.375		02/15/26		545,862
	400,000		Silgan Holdings, Inc		3.250		03/15/25		476,976
	450,000		Stryker Corp		2.625		11/30/30		622,005
	1,100,000		SYSCO Corp		1.250		06/23/23		1,302,706
	700,000		The Procter & Gamble Company		0.625		10/30/24		853,903
	500,000		The Procter & Gamble Company		1.875		10/30/38		728,486
	350,000		Thermo Fisher Scientific, Inc		1.400		01/23/26		437,909
	400,000		Verizon Communications, Inc		1.375		10/27/26		503,406
	400,000		Verizon Communications, Inc		1.875		10/26/29		528,020
	600,000		Walmart, Inc		2.550		04/08/26		810,075
			TOTAL UNITED STATES						46,703,101
			TOTAL CORPORATE BONDS						82,175,370
			(Cost $76,855,091)
GOVERNMENT BONDS - 76.7%
ARGENTINA - 0.0%
$	410,000	†	Argentina Republic Government International Bond		5.625		01/26/22		181,015
			TOTAL ARGENTINA						181,015
AUSTRALIA - 1.2%
AUD	3,100,000	z	Australia Government International Bond		2.250		05/21/28		2,480,217
	1,750,000	h,z	Australia Government International Bond		1.750		06/21/51		1,248,348
	1,715,000		Western Australian Treasury Corp		2.750		07/24/29		1,383,276
			TOTAL AUSTRALIA						5,111,841
AUSTRIA - 0.3%
EUR	900,000	g	Republic of Austria Government International Bond		0.750		02/20/28		1,156,476
			TOTAL AUSTRIA						1,156,476
BELGIUM - 1.1%
	2,125,000	g	Kingdom of Belgium Government International Bond		0.000		10/22/27		2,570,461
	875,000	j	Kingdom of Belgium Government International Bond		1.250		04/22/33		1,203,906
	630,000	g,z	Kingdom of Belgium Government International Bond		1.700		06/22/50		988,548
			TOTAL BELGIUM						4,762,915

339

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
BERMUDA - 0.3%
$	950,000	g	Bermuda Government International Bond		4.750	%	02/15/29	$	1,117,675
			TOTAL BERMUDA						1,117,675
CANADA - 2.4%
CAD	1,700,000	g	Canada Housing Trust No 1		2.550		12/15/23		1,358,058
	1,950,000		Canadian Government International Bond		1.500		02/01/22		1,483,482
	1,300,000		Canadian Government International Bond		5.000		06/01/37		1,628,006
	1,350,000		Hydro-Quebec		4.000		02/15/55		1,579,655
	2,600,000		Province of British Columbia Canada		2.550		06/18/27		2,148,365
	1,600,000		Province of New Brunswick Canada		3.100		08/14/28		1,369,935
	1,000,000		Province of Quebec Canada		2.750		09/01/27		838,314
			TOTAL CANADA						10,405,815
CHINA - 4.9%
CNY	15,000,000		China Government International Bond		2.240		03/05/23		2,136,307
	49,600,000		China Government International Bond		2.940		10/17/24		7,176,941
	60,500,000		China Government International Bond		3.120		12/05/26		8,759,168
	18,900,000		China Government International Bond		3.860		07/22/49		2,801,661
			TOTAL CHINA						20,874,077
COLOMBIA - 0.4%
$	1,000,000		Colombia Government International Bond		4.375		07/12/21		1,030,000
	625,000		Colombia Government International Bond		3.125		04/15/31		647,194
	200,000		Colombia Government International Bond		4.125		05/15/51		222,500
			TOTAL COLOMBIA						1,899,694
COTE D’IVOIRE - 0.3%
EUR	1,000,000	g	Ivory Coast Government International Bond		5.875		10/17/31		1,092,489
			TOTAL COTE D’IVOIRE						1,092,489
CROATIA - 0.6%
	1,100,000	z	Croatia Government International Bond		1.125		06/19/29		1,327,759
	1,100,000	z	Croatia Government International Bond		1.500		06/17/31		1,345,714
			TOTAL CROATIA						2,673,473
CYPRUS - 1.0%
	1,300,000	z	Cyprus Government International Bond		2.375		09/25/28		1,722,089
	1,100,000	z	Cyprus Government International Bond		0.625		01/21/30		1,264,558
	575,000	z	Cyprus Government International Bond		2.750		02/26/34		799,067
	500,000	z	Cyprus Government International Bond		2.750		05/03/49		726,025
			TOTAL CYPRUS						4,511,739
CZECH REPUBLIC - 0.3%
CZK	30,000,000		Czech Republic Government International Bond		0.450		10/25/23		1,348,060
			TOTAL CZECH REPUBLIC						1,348,060
DOMINICAN REPUBLIC - 0.2%
DOP	48,650,000	g	Dominican Republic Government International Bond		8.900		02/15/23		814,107
			TOTAL DOMINICAN REPUBLIC						814,107

340

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
ECUADOR - 0.2%
$	1,250,000	†,g	Ecuador Government International Bond		7.875	%	03/27/25	$	646,875
			TOTAL ECUADOR						646,875
EGYPT - 1.0%
	500,000	g	Egypt Government International Bond		4.550		11/20/23		496,914
	850,000	g	Egypt Government International Bond		5.750		05/29/24		857,055
EGP	16,250,000		Egypt Government International Bond		15.900		07/02/24		1,058,361
EUR	900,000	g	Egypt Government International Bond		6.375		04/11/31		980,907
$	300,000	g	Egypt Government International Bond		7.053		01/15/32		283,811
	675,000	g	Egypt Government International Bond		8.500		01/31/47		666,149
			TOTAL EGYPT						4,343,197
FRANCE - 3.8%
EUR	4,500,000		French Republic Government Bond OAT		0.500		05/25/25		5,578,390
	3,775,000		French Republic Government Bond OAT		0.750		11/25/28		4,857,363
	2,025,000		French Republic Government Bond OAT		1.250		05/25/34		2,797,480
	1,850,000	g	French Republic Government Bond OAT		2.000		05/25/48		3,089,028
			TOTAL FRANCE						16,322,261
GERMANY - 0.7%
	2,350,000	j	Bundesrepublik Deutschland Bundesanleihe		0.000		02/15/30		2,917,667
			TOTAL GERMANY						2,917,667
GHANA - 0.5%
$	500,000	g	Ghana Government International Bond		9.250		09/15/22		504,900
	825,000	g	Ghana Government International Bond		8.125		03/26/32		771,280
	1,000,000	g	Ghana Government International Bond		8.627		06/16/49		885,000
			TOTAL GHANA						2,161,180
GREECE - 2.7%
EUR	1,200,000	g	Hellenic Republic Government International Bond		3.450		04/02/24		1,572,286
	4,600,000	g	Hellenic Republic Government International Bond		1.875		07/23/26		5,784,663
	575,000	g	Hellenic Republic Government International Bond		3.875		03/12/29		836,452
	2,700,000	g	Hellenic Republic Government International Bond		1.500		06/18/30		3,305,917
			TOTAL GREECE						11,499,318
GUATEMALA - 0.3%
$	200,000	g	Guatemala Government International Bond		5.375		04/24/32		229,000
	775,000	g	Guatemala Government International Bond		6.125		06/01/50		943,950
			TOTAL GUATEMALA						1,172,950
HONDURAS - 0.0%
	200,000	g	Honduras Government International Bond		5.625		06/24/30		210,500
			TOTAL HONDURAS						210,500
HUNGARY - 0.5%
HUF	372,000,000		Hungary Government International Bond		1.750		10/26/22		1,302,776
EUR	600,000	z	Hungary Government International Bond		1.750		06/05/35		741,112
			TOTAL HUNGARY						2,043,888

341

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
INDIA - 0.0%
$	200,000		Export-Import Bank of India		3.875	%	03/12/24	$	212,125
			TOTAL INDIA						212,125
INDONESIA - 1.0%
IDR	13,000,000,000		Indonesia Treasury Bond		8.125		05/15/24		958,884
	22,800,000,000		Indonesia Treasury Bond		7.500		05/15/38		1,570,798
$	1,700,000	g	Perusahaan Penerbit SBSN Indonesia III		3.900		08/20/24		1,842,766
			TOTAL INDONESIA						4,372,448
ISRAEL - 1.5%
ILS	5,250,000		Israel Government International Bond		5.500		01/31/42		2,742,643
	3,200,000		Israel Government International Bond		3.750		03/31/47		1,383,360
$	600,000		State of Israel		3.375		01/15/50		688,500
	1,250,000	z	State of Israel		3.800		05/13/60		1,553,809
			TOTAL ISRAEL						6,368,312
ITALY - 4.8%
EUR	3,300,000		Italy Buoni Poliennali Del Tesoro		0.050		04/15/21		3,895,203
	5,525,000		Italy Buoni Poliennali Del Tesoro		2.450		10/01/23		6,975,386
	3,950,000		Italy Buoni Poliennali Del Tesoro		1.250		12/01/26		4,828,599
	1,575,000	g	Italy Buoni Poliennali Del Tesoro		2.950		09/01/38		2,242,475
	900,000	g	Italy Buoni Poliennali Del Tesoro		3.450		03/01/48		1,403,417
	1,050,000	g	Italy Buoni Poliennali Del Tesoro		3.850		09/01/49		1,755,773
			TOTAL ITALY						21,100,853
JAPAN - 16.1%
JPY	13,000,000		Japan Finance Organization for Municipalities		0.440		08/15/25		125,521
	21,000,000		Japan Finance Organization for Municipalities		0.320		01/19/26		201,836
	30,000,000		Japan Finance Organization for Municipalities		0.145		02/16/26		285,612
	14,000,000		Japan Finance Organization for Municipalities		0.020		05/22/26		132,352
	867,000,000		Japan Government Two Year Bond		0.100		03/01/22		8,223,367
	628,000,000		Japan Government Five Year Bond		0.100		06/20/23		5,975,892
	170,000,000		Japan Government Ten Year Bond		0.100		09/20/26		1,627,400
	557,000,000		Japan Government Ten Year Bond		0.100		06/20/28		5,341,558
	335,000,000		Japan Government Ten Year Bond		0.100		06/20/29		3,203,244
	322,000,000		Japan Government Ten Year Bond		0.100		09/20/29		3,076,470
	325,000,000		Japan Government Ten Year Bond		0.100		12/20/29		3,102,504
	210,000,000		Japan Government Ten Year Bond		0.100		03/20/30		2,002,310
	425,000,000		Japan Government Ten Year Bond		0.100		06/20/30		4,048,385
	525,950,000		Japan Government Thirty Year Bond		2.500		09/20/34		6,552,059
	457,700,000		Japan Government Thirty Year Bond		0.500		09/20/46		4,338,889
	340,000,000		Japan Government Twenty Year Bond		2.100		03/20/26		3,614,857
	229,000,000		Japan Government Twenty Year Bond		1.800		09/20/31		2,574,495
	117,000,000		Japan Government Twenty Year Bond		1.700		03/20/32		1,309,322
	278,000,000		Japan Government Twenty Year Bond		0.600		12/20/36		2,753,020
	256,000,000		Japan Government Twenty Year Bond		0.500		06/20/38		2,485,918
	660,000,000		Japan Government Twenty Year Bond		0.700		09/20/38		6,627,905
	185,000,000		Japan Government Twenty Year Bond		0.300		06/20/39		1,728,544
			TOTAL JAPAN						69,331,460

342

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
KENYA - 0.3%
$	1,200,000	g	Kenya Government International Bond		7.000	%	05/22/27	$	1,180,982
			TOTAL KENYA						1,180,982
KOREA, REPUBLIC OF - 4.7%
	200,000		Export-Import Bank of Korea		3.000		11/01/22		210,114
	500,000	g	Korea Housing Finance Corp		2.000		10/11/21		507,699
KRW	5,764,500,000		Korea Treasury Bond		1.375		09/10/21		4,879,983
	4,860,000,000		Korea Treasury Bond		1.875		03/10/22		4,155,356
	2,220,000,000		Korea Treasury Bond		2.250		09/10/23		1,941,951
	3,800,000,000		Korea Treasury Bond		1.500		03/10/25		3,253,170
	1,800,000,000		Korea Treasury Bond		1.500		12/10/26		1,542,258
	1,200,000,000		Korea Treasury Bond		1.375		12/10/29		1,013,484
	2,815,000,000		Korea Treasury Bond		2.375		09/10/38		2,690,185
			TOTAL KOREA, REPUBLIC OF						20,194,200
LEBANON - 0.1%
$	1,400,000	†,q,z	Lebanon Government International Bond		6.850		03/23/27		229,600
			TOTAL LEBANON						229,600
MACEDONIA - 0.3%
EUR	1,050,000	g	North Macedonia Government International Bond		3.675		06/03/26		1,309,254
			TOTAL MACEDONIA						1,309,254
MEXICO - 0.7%
MXN	23,500,000		Mexican Bonos		5.750		03/05/26		1,084,685
	13,800,000		Mexican Bonos		7.750		05/29/31		709,768
$	1,300,000		Mexico Government International Bond		3.250		04/16/30		1,330,550
			TOTAL MEXICO						3,125,003
MOROCCO - 0.3%
EUR	1,100,000	g	Morocco Government International Bond		1.500		11/27/31		1,239,817
			TOTAL MOROCCO						1,239,817
NETHERLANDS - 1.1%
GBP	600,000	z	BNG Bank NV		0.375		12/15/25		789,885
EUR	2,075,000	g	Netherlands Government International Bond		0.750		07/15/28		2,695,120
	550,000	g	Netherlands Government International Bond		2.750		01/15/47		1,139,672
			TOTAL NETHERLANDS						4,624,677
NEW ZEALAND - 0.6%
NZD	1,800,000		New Zealand Government International Bond		2.750		04/15/25		1,326,912
	1,700,000		New Zealand Government International Bond		3.000		04/20/29		1,352,849
			TOTAL NEW ZEALAND						2,679,761
NIGERIA - 0.3%
$	1,325,000	g	Nigeria Government International Bond		6.500		11/28/27		1,260,545
			TOTAL NIGERIA						1,260,545
NORWAY - 1.4%
NOK	9,000,000		City of Oslo Norway		2.050		10/31/24		1,036,993

343

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
NOK	44,320,000	g	Norway Government International Bond		1.375	%	08/19/30	$	5,251,457
			TOTAL NORWAY						6,288,450
PANAMA - 0.2%
$	1,000,000	g	Panama Notas del Tesoro		3.750		04/17/26		1,058,100
			TOTAL PANAMA						1,058,100
PARAGUAY - 0.3%
	925,000	g	Paraguay Government International Bond		5.400		03/30/50		1,179,375
			TOTAL PARAGUAY						1,179,375
PERU - 0.6%
PEN	8,300,000	g	Peruvian Government International Bond		5.400		08/12/34		2,561,514
			TOTAL PERU						2,561,514
POLAND - 1.4%
PLN	4,325,000		Republic of Poland Government International Bond		5.750		09/23/22		1,294,009
	8,445,000		Republic of Poland Government International Bond		3.250		07/25/25		2,537,700
	7,675,000		Republic of Poland Government International Bond		2.750		10/25/29		2,326,783
			TOTAL POLAND						6,158,492
PORTUGAL - 1.0%
EUR	1,275,000	g	Portugal Obrigacoes do Tesouro OT		0.700		10/15/27		1,569,610
	1,800,000	g	Portugal Obrigacoes do Tesouro OT		1.950		06/15/29		2,440,192
			TOTAL PORTUGAL						4,009,802
QATAR - 0.1%
$	575,000	g	Qatar Government International Bond		3.400		04/16/25		634,244
			TOTAL QATAR						634,244
REPUBLIC OF SERBIA - 0.8%
EUR	1,700,000	g	Serbia Government International Bond		1.500		06/26/29		1,911,868
RSD	120,000,000		Serbia Treasury Bonds		5.875		02/08/28		1,405,600
	53,500,000		Serbia Treasury Bonds		4.500		08/20/32		567,044
			TOTAL REPUBLIC OF SERBIA						3,884,512
ROMANIA - 0.4%
EUR	800,000	g	Romanian Government International Bond		2.000		01/28/32		898,443
$	1,000,000	g	Romanian Government International Bond		4.000		02/14/51		1,048,635
			TOTAL ROMANIA						1,947,078
RUSSIA - 0.3%
RUB	90,000,000		Russian Federal Bond-OFZ		4.500		07/16/25		1,180,665
			TOTAL RUSSIA						1,180,665
SAUDI ARABIA - 0.3%
$	375,000	g	Saudi Government International Bond		2.900		10/22/25		401,586
	750,000	g	Saudi Government International Bond		2.500		02/03/27		787,800
			TOTAL SAUDI ARABIA						1,189,386

344

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
SENEGAL - 0.3%
EUR	1,000,000	g	Senegal Government International Bond		4.750	%	03/13/28	$	1,131,052
			TOTAL SENEGAL						1,131,052
SOUTH AFRICA - 0.5%
ZAR	10,700,000		South Africa Government International Bond		10.500		12/21/26		715,960
	16,500,000		South Africa Government International Bond		7.000		02/28/31		793,645
	7,800,000		South Africa Government International Bond		8.750		01/31/44		354,435
			TOTAL SOUTH AFRICA						1,864,040
SPAIN - 3.3%
EUR	1,100,000	z	Autonomous Community of Madrid Spain		1.571		04/30/29		1,428,129
	4,600,000	g	Spain Government International Bond		2.750		10/31/24		6,113,779
	1,095,000	g	Spain Government International Bond		1.400		07/30/28		1,421,551
	1,875,000	g	Spain Government International Bond		0.600		10/31/29		2,283,464
	2,650,000	g	Spain Government International Bond		1.200		10/31/40		3,289,963
			TOTAL SPAIN						14,536,886
SRI LANKA - 0.2%
$	1,000,000	g	Sri Lanka Government International Bond		6.850		03/14/24		789,925
			TOTAL SRI LANKA						789,925
SUPRANATIONAL - 2.2%
	750,000	z	African Export-Import Bank		5.250		10/11/23		807,351
	1,250,000	g	Banque Ouest Africaine de Developpement		4.700		10/22/31		1,268,284
AUD	2,150,000		Inter-American Development Bank		4.750		08/27/24		1,791,230
NZD	1,577,000		International Bank for Reconstruction & Development		3.375		01/25/22		1,091,232
AUD	4,100,000		International Bank for Reconstruction & Development		2.200		02/27/24		3,095,972
CAD	1,600,000		International Bank for Reconstruction & Development		1.900		01/16/25		1,260,195
			TOTAL SUPRANATIONAL						9,314,264
SWEDEN - 0.2%
SEK	6,750,000		Kommuninvest I Sverige AB		1.000		05/12/25		796,236
			TOTAL SWEDEN						796,236
THAILAND - 1.5%
THB	60,500,000		Thailand Government International Bond		2.400		12/17/23		2,056,191
	60,500,000		Thailand Government International Bond		1.450		12/17/24		1,999,562
	55,000,000		Thailand Government International Bond		3.300		06/17/38		2,164,865
			TOTAL THAILAND						6,220,618
UKRAINE - 0.9%
UAH	31,000,000		Ukraine Government International Bond		17.000		05/11/22		1,195,033
EUR	1,000,000	g	Ukraine Government International Bond		6.750		06/20/26		1,182,385
	1,125,000	g	Ukraine Government International Bond		4.375		01/27/30		1,111,146
			TOTAL UKRAINE						3,488,564
UNITED ARAB EMIRATES - 0.4%
$	1,350,000	g	Abu Dhabi Government International Bond		3.125		09/30/49		1,511,460
			TOTAL UNITED ARAB EMIRATES						1,511,460

345

TIAA-CREF FUNDS - International Bond Fund

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE
UNITED KINGDOM - 5.2%
GBP	3,075,000		United Kingdom Gilt		0.500	%	07/22/22	$	4,071,413
	2,425,000		United Kingdom Gilt		1.625		10/22/28		3,602,785
	1,910,000		United Kingdom Gilt		4.750		12/07/30		3,698,618
	3,350,000		United Kingdom Gilt		1.750		09/07/37		5,283,861
	3,035,000		United Kingdom Gilt		1.500		07/22/47		4,843,910
	675,000		United Kingdom Gilt		1.625		10/22/54		1,160,862
			TOTAL UNITED KINGDOM						22,661,449
URUGUAY - 0.3%
UYU	21,800,000	g	Uruguay Government International Bond		8.500		03/15/28		501,997
$	625,000		Uruguay Government International Bond		4.375		01/23/31		765,625
			TOTAL URUGUAY						1,267,622
UZBEKISTAN - 0.4%
	1,450,000	g	Republic of Uzbekistan Government International Bond		4.750		02/20/24		1,541,156
			TOTAL UZBEKISTAN						1,541,156
			TOTAL GOVERNMENT BONDS						329,711,139
			(Cost $310,756,652)
			TOTAL BONDS						411,886,509
			(Cost $387,611,743)
SHORT-TERM INVESTMENTS - 3.5%
EGYPT - 0.4%
EGP	26,500,000	j	Egypt Treasury Bill		0.000		08/18/20		1,652,316
			TOTAL EGYPT						1,652,316
UNITED STATES - 1.7%
$	7,225,000		United States Treasury Bill		0.120		08/20/20		7,224,702
			TOTAL UNITED STATES						7,224,702
REPURCHASE AGREEMENT - 1.4%
UNITED STATES - 1.4%
	5,940,000	r	Fixed Income Clearing Corp (FICC)		0.080		08/03/20		5,940,000
			TOTAL UNITED STATES						5,940,000
			TOTAL REPURCHASE AGREEMENT						5,940,000
			TOTAL SHORT-TERM INVESTMENTS						14,817,018
			(Cost $14,843,155)
			TOTAL INVESTMENTS - 100.5%						432,244,473
			(Cost $408,417,022)
			OTHER ASSETS & LIABILITIES, NET - (0.5)%						(2,362,280	)
			NET ASSETS - 100.0%					$	429,882,193

346

TIAA-CREF FUNDS - International Bond Fund

	Abbreviation(s):
AUD	Australian Dollar
CAD	Canadian Dollar
CNY	Chinese Yuan
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
NOK	Norwegian Krone
NZD	New Zealand Dollar
PEN	Peruvian Sol
PLN	Polish Zloty
RSD	Serbian Dinar
RUB	Russian Ruble
SEK	Swedish Krona
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 7/31/2020, the aggregate value of these securities is $108,464,219 or 25.2% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.
j	Zero coupon
o	Payment in Kind Bond
q	In default
r	Agreement with Fixed Income Clearing Corporation, 0.080% dated 7/31/20 to be repurchased at $5,940,000 on 8/3/20, collateralized by U.S. Treasury Notes valued at $6,058,903.
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.

347

TIAA-CREF FUNDS - International Bond Fund

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

Currency to be purchased	Receive	Currency to be sold	Deliver	Counterparty	Settlement date	Unrealized appreciation (depreciation)
$	11,368,055	CAD	15,524,204	Australia and New Zealand Banking Group	09/30/20	$	(223,660	)
$	517,051	EUR	459,494	Australia and New Zealand Banking Group	09/30/20		(24,927	)
$	40,701	EUR	35,879	Australia and New Zealand Banking Group	09/30/20		(1,619	)
$	134,921	EUR	115,000	Australia and New Zealand Banking Group	09/30/20		(722	)
$	519,444	EUR	460,000	Australia and New Zealand Banking Group	09/30/20		(23,131	)
$	755,030	GBP	599,928	Australia and New Zealand Banking Group	09/30/20		(30,539	)
$	3,480,581	JPY	372,890,291	Australia and New Zealand Banking Group	09/30/20		(44,807	)
$	3,665,687	NZD	5,698,078	Australia and New Zealand Banking Group	09/30/20		(113,448	)
EUR	125,000	$	146,472	Australia and New Zealand Banking Group	08/03/20		781
Total						$	(462,072	)
$	8,463,813	AUD	12,309,711	Bank of America	09/30/20	$	(332,830	)
$	1,298,979	HUF	381,442,049	Bank of America	08/31/20		(5,346	)
Total						$	(338,176	)
$	1,197,078	AUD	1,676,780	Citibank, N.A.	09/30/20	$	(1,165	)
$	15,870,331	CNY	111,364,365	Citibank, N.A.	08/31/20		(40,796	)
$	1,343,848	CZK	29,941,880	Citibank, N.A.	08/31/20		(211	)
$	6,194,604	PLN	23,229,213	Citibank, N.A.	08/31/20		(8,885	)
$	3,073,280	THB	96,774,512	Citibank, N.A.	08/31/20		(29,860	)
AUD	1,676,780	$	1,196,853	Citibank, N.A.	08/05/20		1,146
Total						$	(79,771	)
$	57,676,819	JPY	6,161,029,748	Morgan Stanley	09/30/20	$	(570,924	)
$	19,405,157	KRW	23,205,909,390	Morgan Stanley	08/31/20		(14,014	)
Total						$	(584,938	)
$	139,000,441	EUR	123,698,999	Toronto Dominion Bank	09/30/20	$	(6,903,845	)
$	25,228,326	GBP	20,375,478	Toronto Dominion Bank	09/30/20		(1,452,138	)
$	4,174,757	ILS	14,217,344	Toronto Dominion Bank	08/31/20		(2,760	)
$	14,452	NOK	139,632	Toronto Dominion Bank	09/30/20		(893	)
$	5,875,487	NOK	57,032,236	Toronto Dominion Bank	09/30/20		(391,971	)
$	749,412	SEK	6,998,568	Toronto Dominion Bank	09/30/20		(48,178	)
$	496,536	ZAR	8,219,348	Toronto Dominion Bank	08/31/20		17,318
Total						$	(8,782,467	)
Total						$	(10,247,424	)

348

TIAA-CREF FUNDS - International Bond Fund

	Abbreviation(s):
AUD	Australian Dollar
CAD	Canadian Dollar
CNY	Chinese Yuan
CZK	Czechoslovak Koruna
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
THB	Thai Baht
ZAR	South African Rand

349

TIAA-CREF FUNDS - International Bond Fund

TIAA-CREF FUNDS

INTERNATIONAL BOND FUND

CONSOLIDATED SUMMARY OF MARKET VALUES BY SECTOR (unaudited)

July 31, 2020

				% OF
SECTOR	VALUE			NET ASSETS
GOVERNMENT	$	329,711,139			76.7	%
FINANCIALS		24,509,886			5.7
HEALTH CARE		11,614,376			2.7
INDUSTRIALS		8,415,555			1.9
COMMUNICATION SERVICES		6,983,097			1.6
CONSUMER STAPLES		6,378,255			1.5
INFORMATION TECHNOLOGY		6,280,600			1.5
MATERIALS		4,988,860			1.2
CONSUMER DISCRETIONARY		4,861,464			1.1
UTILITIES		4,748,351			1.1
REAL ESTATE		4,639,160			1.1
ENERGY		4,296,712			1.0
SHORT-TERM INVESTMENTS		14,817,018			3.4
OTHER ASSETS & LIABILITIES, NET		(2,362,280	)		(0.5	)
NET ASSETS	$	429,882,193			100.0	%

350

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.

As of July 31, 2020, 100% of the value of investments in the Large-Cap Growth Index Fund was valued based on Level 1 inputs.

Transfers between levels are recognized at the end of the reporting period. For the period ended July 31, 2020, the Emerging Markets Debt Fund had material transfers from Level 2 to Level 3 as a result of various market related factors. Please refer to the level 3 reconciliation below.

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

Fund	Level 1			Level 2		Level 3		Total
Growth & Income
Equity investments:
Consumer discretionary	$	754,516,403		$	20,094,886	$	—	$	774,611,289
Consumer staples		423,061,555			44,283,632		—		467,345,187
Health care		937,390,583			111,346,629		—		1,048,737,212
Industrials		546,455,742			27,733,402		—		574,189,144
Utilities		121,421,849			21,689,339		—		143,111,188
All other equity investments*		3,493,874,144			—		—		3,493,874,144
Short-term investments		36,179,510			14,780,000		—		50,959,510
Purchased options**		77,790			—		—		77,790
Written options**		(29,452,557	)		—		—		(29,452,557	)
Total	$	6,283,525,019		$	239,927,888	$	—	$	6,523,452,907

351

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

Fund	Level 1			Level 2		Level 3		Total
Large-Cap Growth
Equity investments:
Health care	$	984,007,283		$	294,269,450	$	—	$	1,278,276,733
Information technology		2,445,343,786			84,419,237		—		2,529,763,023
All other equity investments*		2,587,949,626			—		—		2,587,949,626
Short-term investments		—			49,734,246		—		49,734,246
Purchased options**		1,599,972			—		—		1,599,972
Written options**		(6,768,798	)		—		—		(6,768,798	)
Total	$	6,012,131,869		$	428,422,933	$	—	$	6,440,554,802
Large-Cap Value
Equity investments*	$	5,160,148,687		$	—	$	—	$	5,160,148,687
Short-term investments		—			51,713,318		—		51,713,318
Total	$	5,160,148,687		$	51,713,318	$	—	$	5,211,862,005
Mid-Cap Growth
Equity investments:
Communication services	$	105,594,184		$	12,323,220	$	—	$	117,917,404
Consumer discretionary		252,552,189			22,462,112		—		275,014,301
Consumer staples		33,745,036			14,214,882		—		47,959,918
Industrials		156,312,827			13,597,872		—		169,910,699
Information technology		390,181,701			22,648,779		—		412,830,480
Utilities		—			377,359		—		377,359
All other equity investments*		336,609,723			—		—		336,609,723
Short-term investments		12,654,620			6,695,000		—		19,349,620
Total	$	1,287,650,280		$	92,319,224	$	—	$	1,379,969,504
Mid-Cap Value
Equity investments*	$	1,716,486,449		$	—	$	—	$	1,716,486,449
Short-term investments		11,779,777			23,674,838		—		35,454,615
Total	$	1,728,266,226		$	23,674,838	$	—	$	1,751,941,064
Quant Large-Cap Growth
Equity investments*	$	3,037,428,420		$	—	$	—	$	3,037,428,420
Short-term investments		2,780,362			6,205,000		—		8,985,362
Total	$	3,040,208,782		$	6,205,000	$	—	$	3,046,413,782
Quant Large-Cap Value
Equity investments*	$	1,312,787,550		$	—	$	—	$	1,312,787,550
Short-term investments		5,559,367			2,540,000		—		8,099,367
Total	$	1,318,346,917		$	2,540,000	$	—	$	1,320,886,917
Quant Small-Cap Equity
Equity investments*	$	2,382,475,281		$	—	$	—		2,382,475,281
Short-term investments		83,947,081			5,425,000		—		89,372,081
Futures**		213,592			—		—		213,592
Total	$	2,466,635,954		$	5,425,000	$	—	$	2,472,060,954
Quant Small/Mid-Cap Equity
Equity investments:
Utilities	$	15,031,099		$	—	$	1,124,409	$	16,155,508
All other equity investments*		620,309,906			—		—		620,309,906
Short-term investments		11,217,575			2,965,000		—		14,182,575
Total	$	646,558,580		$	2,965,000	$	1,124,409	$	650,647,989
Social Choice Equity
Equity investments:
Financials	$	555,200,055		$	—	$	3,382	$	555,203,437
All other equity investments*		4,535,552,850			—		—		4,535,552,850
Short-term investments		41,712,723			47,213,731		—		88,926,454
Futures**		175,264			—		—		175,264
Total	$	5,132,640,892		$	47,213,731	$	3,382	$	5,179,858,005

352

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

Fund	Level 1		Level 2		Level 3		Total
Social Choice Low Carbon Equity
Equity investments:
Financials	$	43,067,501	$	—	$	131	$	43,067,632
All other equity investments*		330,539,008		—		—		330,539,008
Short-term investments		3,404,131		10,474,686		—		13,878,817
Futures**		25,782		—		—		25,782
Total	$	377,036,422	$	10,474,686	$	131	$	387,511,239
Emerging Markets Equity
Equity investments:
Africa/Middle East	$	—	$	53,355,976	$	—	$	53,355,976
Asia		293,916,844		922,680,751		—		1,216,597,595
Europe		—		34,137,150		—		34,137,150
Latin America		152,165,339		151,727,421		—		303,892,760
All other equity investments*		70,262,138		85,492,091		3,504		155,757,733
Short-term investments		6,527,888		24,295,000		—		30,822,888
Total	$	522,872,209	$	1,271,688,389	$	3,504	$	1,794,564,102
International Equity
Equity investments:
Asia	$	92,967,847	$	1,065,525,754	$	—	$	1,158,493,601
Australasia		—		286,296,858		—		286,296,858
Europe		—		2,581,360,026		—		2,581,360,026
All other equity investments*		189,489,426		217,325,559		—		406,814,985
Short-term investments		—		40,119,573		—		40,119,573
Total	$	282,457,273	$	4,190,627,770	$	—	$	4,473,085,043
International Opportunities
Equity investments:
Asia	$	20,586,356	$	359,472,217	$	—	$	380,058,573
Australasia		—		86,814,481		—		86,814,481
Europe		—		822,819,747		—		822,819,747
Latin America		71,106,444		54,942,631		14,908		126,063,983
North America		—		118,017,194		—		118,017,194
All other equity investments*		35,401,238		134,697,252		1,674		170,100,164
Short-term investments		24,374,858		75,284,334		—		99,659,192
Total	$	151,468,896	$	1,652,047,856	$	16,582	$	1,803,533,334
Quant International Equity
Equity investments:
Asia	$	492,154	$	510,291,030	$	—	$	510,783,184
Australasia		—		142,829,754		—		142,829,754
Europe		25,877,799		991,418,037		—		1,017,295,836
All other equity investments*		36,412,031		164,876,241		—		201,288,272
Short-term investments		5,805,945		4,550,000		—		10,355,945
Total	$	68,587,929	$	1,813,965,062	$	—	$	1,882,552,991
Quant International Small-Cap Equity
Equity investments:
Asia	$	2,432,050	$	330,851,558	$	3,783,196	$	337,066,804
Australasia		—		63,385,961		—		63,385,961
Europe		—		276,830,520		—		276,830,520
North America		—		57,140,100		—		57,140,100
All other equity investments*		2,316,138		224,476,148		—		226,792,286
Short-term investments		23,127,652		4,415,000		—		27,542,652
Total	$	27,875,840	$	957,099,287	$	3,783,196	$	988,758,323

353

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

Fund	Level 1			Level 2		Level 3		Total
Social Choice International Equity
Equity investments:
Asia	$	—		$	130,411,472	$	—	$	130,411,472
Australasia		—			32,093,822		—		32,093,822
Europe		4,480,643			241,731,577		—		246,212,220
All other equity investments*		—			55,629,847		—		55,629,847
Short-term investments		469,735			4,514,915		—		4,984,650
Futures**		(100,933	)		—		—		(100,933	)
Total	$	4,849,445		$	464,381,633	$	—	$	469,231,078

Fund	Level 1		Level 2		Level 3		Total
Equity Index
Equity investments:
Financials	$	2,718,291,635	$	—	$	4,176	$	2,718,295,811
Health care		3,928,992,906		—		65,708		3,929,058,614
Utilities		800,874,782		—		1,386,505		802,261,287
All other equity investments*		19,077,670,181		—		—		19,077,670,181
Short-term investments		178,572,801		38,437,839		—		217,010,640
Futures contracts**		36,951		—		—		36,951
Total	$	26,704,439,256	$	38,137,839	$	1,456,389	$	26,744,333,484
Large-Cap Value Index
Equity investments*	$	6,468,863,067	$	—	$	—	$	6,468,863,067
Short-term investments		27,177,238		535,000		—		27,712,238
Total	$	6,496,040,305	$	535,000	$	—	$	6,496,575,305
S&P 500 Index
Equity investments*	$	6,117,801,110	$	—	$	—	$	6,117,801,110
Short-term investments		3,528,405		12,840,313		—		16,368,718
Futures contracts**		368,455		—		—		368,455
Total	$	6,121,697,970	$	12,840,313	$	—	$	6,134,538,283
Small-Cap Blend Index
Equity investments:
Financials	$	460,220,873	$	—	$	8,640	$	460,229,513
Health care		585,162,293		—		106,394		585,268,687
All other equity investments*		1,882,059,309		—		—		1,882,059,309
Short-term investments		185,947,962		—		—		185,947,962
Total	$	3,113,390,437	$	—	$	115,034	$	3,113,505,471
Emerging Markets Equity Index
Equity investments:
Africa/Middle East	$	—	$	188,533,894	$	—	$	188,533,894
Asia		423,862,240		2,117,234,609		5,045		2,541,101,894
Europe		42,729,462		54,767,507		—		97,496,969
Latin America		—		179,373,431		—		179,373,431
All other equity investments*		43,034,564		274,474,892		776		317,510,232
Short-term investments		11,173,781		4,420,000		—		15,593,781
Total	$	520,800,047	$	2,818,804,333	$	5,821	$	3,339,610,201

354

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

Fund	Level 1			Level 2		Level 3		Total
International Equity Index
Equity investments:
Asia	$	3,715,763		$	3,692,408,261	$	—	$	3,696,124,024
Australasia		—			1,050,501,954		2,826		1,050,504,780
Europe		8,420,665			7,754,056,611		—		7,762,477,276
All other equity investments*		58,478,104			873,422,692		1,593		931,902,389
Short-term investments		42,403,846			124,115,785		—		166,519,631
Futures contracts**		(122,890	)		—		—		(122,890	)
Total	$	112,895,488		$	13,494,505,303	$	4,419	$	13,607,405,210

Fund	Level 1		Level 2			Level 3		Total
Emerging Markets Debt
Africa/Middle East	$	—	$	113,253,692		$	3,742,763	$	116,996,455
Asia		—		130,214,021			—		130,214,021
Europe		—		63,593,213			5,521,755		69,114,968
Latin America		249,417		220,626,657			11,914,607		232,790,681
North America		—		3,193,811			—		3,193,811
All other debt investments*		—		4,549,589			—		4,549,589
Short-term investments		—		15,702,850			—		15,702,850
Total	$	249,417	$	551,133,833		$	21,179,125	$	572,562,375
International Bond
Africa/Middle East	$	—	$	26,399,850		$	229,600	$	26,629,450
Asia		—		143,307,088			—		143,307,088
Europe		—		155,655,289			—		155,655,289
Latin America		—		20,111,837			827,890		20,939,727
North America		—		61,581,638			—		61,581,638
All other debt investments*		—		9,314,263			—		9,314,263
Short-term investments		—		14,817,018			—		14,817,018
Forward foreign currency contracts**		—		(10,247,424	)		—		(10,247,424	)
Total	$	—	$	420,939,559		$	1,057,490	$	421,997,049

*	For detailed categories, see the accompanying Schedule 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 investments in which significant unobservable inputs (Level 3) were used in determining value:

	Investments
Balance as of October 31, 2019	$	6,384,611
Purchases		5,964,527
Sales		(746,822	)
Gains (losses)		(2,510,807	)
Change in unrealized appreciation (depreciation)		(7,917,077	)
Transfers into Level 3		20,004,693
Balance as of July 31, 2020	$	21,179,125

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

	Fair value		Valuation technique	Unobservable input	Range (weighted average)§
Corporate bonds	$	367,420	Recent market transaction	Discount	90.5%-99.9% (90.5%)
Government bonds		15,289,950	Recent market transaction	Discount	43.5%-84.0% (53.2%)
Structured assets		5,521,755	Recent market transaction	†
Total	$	21,179,125

†	Market transaction refers to the most recent known market transaction.
§	Unobservable inputs were weighted by the relative fair value of the instruments.

355