TIAA-CREF LIFECYCLE FUNDS – Lifecycle Retirement Income Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE RETIREMENT INCOME FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 28, 2021

SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.9%a
DIRECT REAL ESTATE—3.7%
	2,009,109	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-1/26/21; cost $21,231,777)	$	21,718,472
			TOTAL DIRECT REAL ESTATE		21,718,472
FIXED INCOME—39.7%
	11,317,516		TIAA-CREF Core Bond Fund		122,002,819
	7,021,463		TIAA-CREF Core Plus Bond Fund		76,814,801
	1,249,735		TIAA-CREF Emerging Markets Debt Fund		12,584,830
	1,290,692		TIAA-CREF High-Yield Fund		12,326,104
	1,233,732		TIAA-CREF International Bond Fund		12,300,304
			TOTAL FIXED INCOME		236,028,858
INFLATION-PROTECTED ASSETS—10.0%
	4,831,445		TIAA-CREF Inflation-Linked Bond Fund		59,281,826
			TOTAL INFLATION-PROTECTED ASSETS		59,281,826
INTERNATIONAL EQUITY—10.8%
	244,728		Nuveen International Growth Fund		13,959,303
	624,262		TIAA-CREF Emerging Markets Equity Fund		8,852,038
	1,414,376		TIAA-CREF International Equity Fund		19,108,219
	763,282		TIAA-CREF International Opportunities Fund		13,945,164
	776,389		TIAA-CREF Quant International Small-Cap Equity Fund		8,773,197
			TOTAL INTERNATIONAL EQUITY		64,637,921
SHORT-TERM FIXED INCOME—10.0%
	5,638,924		TIAA-CREF Short-Term Bond Fund		59,208,703
			TOTAL SHORT-TERM FIXED INCOME		59,208,703
U.S. EQUITY—25.7%
	1,647,938		Nuveen Dividend Value Fund		23,499,591
	452,400		Nuveen Santa Barbara Dividend Growth Fund		21,339,706
	1,267,099		TIAA-CREF Growth & Income Fund		21,439,321
	1,023,578		TIAA-CREF Large-Cap Growth Fund		23,798,185
	486,080		TIAA-CREF Large-Cap Growth Index Fund		23,813,068
	1,198,605		TIAA-CREF Large-Cap Value Fund		23,564,577
	338,895		TIAA-CREF Quant Small-Cap Equity Fund		7,184,573
	511,920		TIAA-CREF Quant Small/Mid-Cap Equity Fund		8,083,219
			TOTAL U.S. EQUITY		152,722,240
			TOTAL AFFILIATED INVESTMENT COMPANIES		593,598,020
			(Cost $523,611,866)
			TOTAL INVESTMENTS—99.9%		593,598,020
			(Cost $523,611,866)
			OTHER ASSETS & LIABILITIES, NET—0.1%		736,204
			NET ASSETS—100.0%	$	594,334,224

a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.
b	Restricted security. At 2/28/21, the total value of this security amounted to $21,718,472 or 3.7% of net assets.

1

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2010 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2010 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 28, 2021

SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.8%a
DIRECT REAL ESTATE—3.4%
	4,058,121	b	TIAA-CREF Real Property Fund LP (purchased 7/01/16-1/26/21; cost $42,416,374)	$	43,868,287
			TOTAL DIRECT REAL ESTATE		43,868,287
FIXED INCOME—39.7%
	24,247,567		TIAA-CREF Core Bond Fund		261,388,768
	15,048,330		TIAA-CREF Core Plus Bond Fund		164,628,728
	2,683,325		TIAA-CREF Emerging Markets Debt Fund		27,021,082
	2,762,446		TIAA-CREF High-Yield Fund		26,381,362
	2,642,504		TIAA-CREF International Bond Fund		26,345,761
			TOTAL FIXED INCOME		505,765,701
INFLATION-PROTECTED ASSETS—10.0%
	10,358,166		TIAA-CREF Inflation-Linked Bond Fund		127,094,703
			TOTAL INFLATION-PROTECTED ASSETS		127,094,703
INTERNATIONAL EQUITY—10.7%
	516,804		Nuveen International Growth Fund		29,478,479
	1,323,188		TIAA-CREF Emerging Markets Equity Fund		18,762,812
	2,994,498		TIAA-CREF International Equity Fund		40,455,673
	1,615,426		TIAA-CREF International Opportunities Fund		29,513,829
	1,648,047		TIAA-CREF Quant International Small-Cap Equity Fund		18,622,930
			TOTAL INTERNATIONAL EQUITY		136,833,723
SHORT-TERM FIXED INCOME—10.6%
	12,855,736		TIAA-CREF Short-Term Bond Fund		134,985,228
			TOTAL SHORT-TERM FIXED INCOME		134,985,228
U.S. EQUITY—25.4%
	3,497,856		Nuveen Dividend Value Fund		49,879,433
	957,796		Nuveen Santa Barbara Dividend Growth Fund		45,179,223
	2,687,793		TIAA-CREF Growth & Income Fund		45,477,466
	2,166,557		TIAA-CREF Large-Cap Growth Fund		50,372,447
	1,030,225		TIAA-CREF Large-Cap Growth Index Fund		50,470,742
	2,537,745		TIAA-CREF Large-Cap Value Fund		49,892,072
	717,664		TIAA-CREF Quant Small-Cap Equity Fund		15,214,466
	1,085,785		TIAA-CREF Quant Small/Mid-Cap Equity Fund		17,144,544
			TOTAL U.S. EQUITY		323,630,393
			TOTAL AFFILIATED INVESTMENT COMPANIES		1,272,178,035
			(Cost $1,094,447,450)
			TOTAL INVESTMENTS—99.8%		1,272,178,035
			(Cost $1,094,447,450)
			OTHER ASSETS & LIABILITIES, NET—0.2%		2,479,501
			NET ASSETS—100.0%	$	1,274,657,536

a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.
b	Restricted security. At 2/28/21, the total value of this security amounted to $43,868,287 or 3.4% of net assets.

2

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2015 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2015 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 28, 2021

SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.8%a
DIRECT REAL ESTATE—3.7%
	6,184,259	b	TIAA-CREF Real Property Fund LP (purchased 11/28/16-1/26/21; cost $65,191,374)	$	66,851,839
			TOTAL DIRECT REAL ESTATE		66,851,839
FIXED INCOME—38.8%
	33,983,773		TIAA-CREF Core Bond Fund		366,345,070
	21,106,535		TIAA-CREF Core Plus Bond Fund		230,905,492
	3,772,324		TIAA-CREF Emerging Markets Debt Fund		37,987,302
	3,880,857		TIAA-CREF High-Yield Fund		37,062,185
	3,706,001		TIAA-CREF International Bond Fund		36,948,826
			TOTAL FIXED INCOME		709,248,875
INFLATION-PROTECTED ASSETS—8.2%
	12,248,949		TIAA-CREF Inflation-Linked Bond Fund		150,294,600
			TOTAL INFLATION-PROTECTED ASSETS		150,294,600
INTERNATIONAL EQUITY—12.1%
	838,923		Nuveen International Growth Fund		47,852,196
	2,148,879		TIAA-CREF Emerging Markets Equity Fund		30,471,097
	4,860,497		TIAA-CREF International Equity Fund		65,665,315
	2,618,239		TIAA-CREF International Opportunities Fund		47,835,219
	2,675,504		TIAA-CREF Quant International Small-Cap Equity Fund		30,233,199
			TOTAL INTERNATIONAL EQUITY		222,057,026
SHORT-TERM FIXED INCOME—8.2%
	14,298,985		TIAA-CREF Short-Term Bond Fund		150,139,346
			TOTAL SHORT-TERM FIXED INCOME		150,139,346
U.S. EQUITY—28.8%
	5,675,583		Nuveen Dividend Value Fund		80,933,809
	1,555,871		Nuveen Santa Barbara Dividend Growth Fund		73,390,432
	4,362,091		TIAA-CREF Growth & Income Fund		73,806,577
	3,518,325		TIAA-CREF Large-Cap Growth Fund		81,801,047
	1,671,570		TIAA-CREF Large-Cap Growth Index Fund		81,890,223
	4,128,268		TIAA-CREF Large-Cap Value Fund		81,161,741
	1,166,044		TIAA-CREF Quant Small-Cap Equity Fund		24,720,139
	1,763,447		TIAA-CREF Quant Small/Mid-Cap Equity Fund		27,844,826
			TOTAL U.S. EQUITY		525,548,794
			TOTAL AFFILIATED INVESTMENT COMPANIES		1,824,140,480
			(Cost $1,641,531,399)
			TOTAL INVESTMENTS—99.8%		1,824,140,480
			(Cost $1,641,531,399)
			OTHER ASSETS & LIABILITIES, NET—0.2%		3,850,665
			NET ASSETS—100.0%	$	1,827,991,145

a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.
b	Restricted security. At 2/28/21, the total value of this security amounted to $66,851,839 or 3.7% of net assets.

3

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2020 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2020 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 28, 2021

SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.6%a
DIRECT REAL ESTATE—3.7%
	13,299,607	b	TIAA-CREF Real Property Fund LP (purchased 11/28/16-1/26/21; cost $140,538,034)	$	143,768,749
			TOTAL DIRECT REAL ESTATE		143,768,749
FIXED INCOME—37.7%
	71,088,931		TIAA-CREF Core Bond Fund		766,338,672
	44,147,593		TIAA-CREF Core Plus Bond Fund		482,974,666
	7,917,773		TIAA-CREF Emerging Markets Debt Fund		79,731,977
	8,128,672		TIAA-CREF High-Yield Fund		77,628,820
	7,752,406		TIAA-CREF International Bond Fund		77,291,493
			TOTAL FIXED INCOME		1,483,965,628
INFLATION-PROTECTED ASSETS—6.2%
	19,936,105		TIAA-CREF Inflation-Linked Bond Fund		244,616,009
			TOTAL INFLATION-PROTECTED ASSETS		244,616,009
INTERNATIONAL EQUITY—13.6%
	2,021,663		Nuveen International Growth Fund		115,315,658
	5,177,462		TIAA-CREF Emerging Markets Equity Fund		73,416,407
	11,712,198		TIAA-CREF International Equity Fund		158,231,792
	6,310,202		TIAA-CREF International Opportunities Fund		115,287,384
	6,446,667		TIAA-CREF Quant International Small-Cap Equity Fund		72,847,334
			TOTAL INTERNATIONAL EQUITY		535,098,575
SHORT-TERM FIXED INCOME—6.2%
	23,264,205		TIAA-CREF Short-Term Bond Fund		244,274,155
			TOTAL SHORT-TERM FIXED INCOME		244,274,155
U.S. EQUITY—32.2%
	13,688,843		Nuveen Dividend Value Fund		195,202,902
	3,749,043		Nuveen Santa Barbara Dividend Growth Fund		176,842,374
	10,513,133		TIAA-CREF Growth & Income Fund		177,882,208
	8,474,639		TIAA-CREF Large-Cap Growth Fund		197,035,363
	4,029,895		TIAA-CREF Large-Cap Growth Index Fund		197,424,568
	9,936,465		TIAA-CREF Large-Cap Value Fund		195,350,909
	2,809,339		TIAA-CREF Quant Small-Cap Equity Fund		59,557,987
	4,249,738		TIAA-CREF Quant Small/Mid-Cap Equity Fund		67,103,370
			TOTAL U.S. EQUITY		1,266,399,681
			TOTAL AFFILIATED INVESTMENT COMPANIES		3,918,122,797
			(Cost $3,487,891,088)
			TOTAL INVESTMENTS—99.6%		3,918,122,797
			(Cost $3,487,891,088)
			OTHER ASSETS & LIABILITIES, NET—0.4%		16,292,529
			NET ASSETS—100.0%	$	3,934,415,326

a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.
b	Restricted security. At 2/28/21, the total value of this security amounted to $143,768,749 or 3.7% of net assets.

4

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2025 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2025 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 28, 2021

SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.6%a
DIRECT REAL ESTATE—3.7%
	17,867,814	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-1/26/21; cost $189,843,318)	$	193,151,074
			TOTAL DIRECT REAL ESTATE		193,151,074
FIXED INCOME—33.5%
	84,445,230		TIAA-CREF Core Bond Fund		910,319,582
	52,582,664		TIAA-CREF Core Plus Bond Fund		575,254,346
	9,576,357		TIAA-CREF Emerging Markets Debt Fund		96,433,912
	9,755,369		TIAA-CREF High-Yield Fund		93,163,778
	9,230,606		TIAA-CREF International Bond Fund		92,029,137
			TOTAL FIXED INCOME		1,767,200,755
INFLATION-PROTECTED ASSETS—4.2%
	18,170,990		TIAA-CREF Inflation-Linked Bond Fund		222,958,044
			TOTAL INFLATION-PROTECTED ASSETS		222,958,044
INTERNATIONAL EQUITY—16.0%
	3,195,823		Nuveen International Growth Fund		182,289,724
	8,188,393		TIAA-CREF Emerging Markets Equity Fund		116,111,407
	18,544,523		TIAA-CREF International Equity Fund		250,536,505
	9,970,866		TIAA-CREF International Opportunities Fund		182,167,715
	10,188,659		TIAA-CREF Quant International Small-Cap Equity Fund		115,131,850
			TOTAL INTERNATIONAL EQUITY		846,237,201
SHORT-TERM FIXED INCOME—4.2%
	21,210,492		TIAA-CREF Short-Term Bond Fund		222,710,166
			TOTAL SHORT-TERM FIXED INCOME		222,710,166
U.S. EQUITY—38.0%
	21,669,744		Nuveen Dividend Value Fund		309,010,548
	5,919,215		Nuveen Santa Barbara Dividend Growth Fund		279,209,375
	16,604,569		TIAA-CREF Growth & Income Fund		280,949,305
	13,434,968		TIAA-CREF Large-Cap Growth Fund		312,363,014
	6,362,402		TIAA-CREF Large-Cap Growth Index Fund		311,694,068
	15,704,545		TIAA-CREF Large-Cap Value Fund		308,751,353
	4,446,257		TIAA-CREF Quant Small-Cap Equity Fund		94,260,641
	6,727,497		TIAA-CREF Quant Small/Mid-Cap Equity Fund		106,227,179
			TOTAL U.S. EQUITY		2,002,465,483
			TOTAL AFFILIATED INVESTMENT COMPANIES		5,254,722,723
			(Cost $4,619,092,880)
			TOTAL INVESTMENTS—99.6%		5,254,722,723
			(Cost $4,619,092,880)
			OTHER ASSETS & LIABILITIES, NET—0.4%		21,237,274
			NET ASSETS—100.0%	$	5,275,959,997

a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.
b	Restricted security. At 2/28/21, the total value of this security amounted to $193,151,074 or 3.7% of net assets.

5

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2030 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2030 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 28, 2021

SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.6%a
DIRECT REAL ESTATE—3.7%
	18,895,039	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/25/21; cost $201,481,556)	$	204,255,376
			TOTAL DIRECT REAL ESTATE		204,255,376
FIXED INCOME—28.9%
	76,267,044		TIAA-CREF Core Bond Fund		822,158,736
	47,634,044		TIAA-CREF Core Plus Bond Fund		521,116,439
	8,868,972		TIAA-CREF Emerging Markets Debt Fund		89,310,546
	8,937,158		TIAA-CREF High-Yield Fund		85,349,854
	8,360,737		TIAA-CREF International Bond Fund		83,356,549
			TOTAL FIXED INCOME		1,601,292,124
INFLATION-PROTECTED ASSETS—2.2%
	10,138,727		TIAA-CREF Inflation-Linked Bond Fund		124,402,178
			TOTAL INFLATION-PROTECTED ASSETS		124,402,178
INTERNATIONAL EQUITY—18.6%
	3,914,154		Nuveen International Growth Fund		223,263,352
	10,027,753		TIAA-CREF Emerging Markets Equity Fund		142,193,533
	22,694,991		TIAA-CREF International Equity Fund		306,609,331
	12,231,744		TIAA-CREF International Opportunities Fund		223,473,970
	12,437,203		TIAA-CREF Quant International Small-Cap Equity Fund		140,540,392
			TOTAL INTERNATIONAL EQUITY		1,036,080,578
SHORT-TERM FIXED INCOME—2.2%
	11,843,662		TIAA-CREF Short-Term Bond Fund		124,358,448
			TOTAL SHORT-TERM FIXED INCOME		124,358,448
U.S. EQUITY—44.0%
	26,530,431		Nuveen Dividend Value Fund		378,323,951
	7,247,958		Nuveen Santa Barbara Dividend Growth Fund		341,886,194
	20,312,533		TIAA-CREF Growth & Income Fund		343,688,059
	16,463,883		TIAA-CREF Large-Cap Growth Fund		382,785,286
	7,776,327		TIAA-CREF Large-Cap Growth Index Fund		380,962,236
	19,217,976		TIAA-CREF Large-Cap Value Fund		377,825,402
	5,439,896		TIAA-CREF Quant Small-Cap Equity Fund		115,325,804
	8,227,402		TIAA-CREF Quant Small/Mid-Cap Equity Fund		129,910,682
			TOTAL U.S. EQUITY		2,450,707,614
			TOTAL AFFILIATED INVESTMENT COMPANIES		5,541,096,318
			(Cost $4,804,905,987)
			TOTAL INVESTMENTS—99.6%		5,541,096,318
			(Cost $4,804,905,987)
			OTHER ASSETS & LIABILITIES, NET—0.4%		24,661,593
			NET ASSETS—100.0%	$	5,565,757,911

a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.
b	Restricted security. At 2/28/21, the total value of this security amounted to $204,255,376 or 3.7% of net assets.

6

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2035 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2035 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 28, 2021

SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.5%a
DIRECT REAL ESTATE—3.7%
	19,356,455	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/25/21; cost $206,429,165)	$	209,243,281
			TOTAL DIRECT REAL ESTATE		209,243,281
FIXED INCOME—24.1%
	64,886,790		TIAA-CREF Core Bond Fund		699,479,594
	40,706,117		TIAA-CREF Core Plus Bond Fund		445,324,924
	7,813,019		TIAA-CREF Emerging Markets Debt Fund		78,677,098
	7,735,942		TIAA-CREF High-Yield Fund		73,878,244
	7,147,054		TIAA-CREF International Bond Fund		71,256,129
			TOTAL FIXED INCOME		1,368,615,989
INFLATION-PROTECTED ASSETS—0.2%
	1,155,333		TIAA-CREF Inflation-Linked Bond Fund		14,175,934
			TOTAL INFLATION-PROTECTED ASSETS		14,175,934
INTERNATIONAL EQUITY—21.1%
	4,543,283		Nuveen International Growth Fund		259,148,857
	11,660,448		TIAA-CREF Emerging Markets Equity Fund		165,345,155
	26,407,277		TIAA-CREF International Equity Fund		356,762,307
	14,206,714		TIAA-CREF International Opportunities Fund		259,556,662
	14,482,452		TIAA-CREF Quant International Small-Cap Equity Fund		163,651,704
			TOTAL INTERNATIONAL EQUITY		1,204,464,685
SHORT-TERM FIXED INCOME—0.3%
	1,363,124		TIAA-CREF Short-Term Bond Fund		14,312,805
			TOTAL SHORT-TERM FIXED INCOME		14,312,805
U.S. EQUITY—50.1%
	30,835,484		Nuveen Dividend Value Fund		439,714,001
	8,432,317		Nuveen Santa Barbara Dividend Growth Fund		397,752,383
	23,644,058		TIAA-CREF Growth & Income Fund		400,057,454
	19,151,493		TIAA-CREF Large-Cap Growth Fund		445,272,202
	9,051,582		TIAA-CREF Large-Cap Growth Index Fund		443,437,019
	22,339,312		TIAA-CREF Large-Cap Value Fund		439,190,869
	6,335,238		TIAA-CREF Quant Small-Cap Equity Fund		134,307,054
	9,576,097		TIAA-CREF Quant Small/Mid-Cap Equity Fund		151,206,564
			TOTAL U.S. EQUITY		2,850,937,546
			TOTAL AFFILIATED INVESTMENT COMPANIES		5,661,750,240
			(Cost $4,828,639,258)
			TOTAL INVESTMENTS—99.5%		5,661,750,240
			(Cost $4,828,639,258)
			OTHER ASSETS & LIABILITIES, NET—0.5%		27,941,848
			NET ASSETS—100.0%	$	5,689,692,088

a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.
b	Restricted security. At 2/28/21, the total value of this security amounted to $209,243,281 or 3.7% of net assets.

7

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2040 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2040 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 28, 2021

SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.6%a
DIRECT REAL ESTATE—3.7%
	22,974,075	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/25/21; cost $244,285,430)	$	248,349,746
			TOTAL DIRECT REAL ESTATE		248,349,746
FIXED INCOME—16.0%
	50,373,922		TIAA-CREF Core Bond Fund		543,030,879
	32,050,696		TIAA-CREF Core Plus Bond Fund		350,634,618
	6,702,469		TIAA-CREF Emerging Markets Debt Fund		67,493,866
	6,294,244		TIAA-CREF High-Yield Fund		60,110,035
	5,618,326		TIAA-CREF International Bond Fund		56,014,713
			TOTAL FIXED INCOME		1,077,284,111
INTERNATIONAL EQUITY—23.7%
	6,043,806		Nuveen International Growth Fund		344,738,668
	15,490,737		TIAA-CREF Emerging Markets Equity Fund		219,658,655
	35,123,407		TIAA-CREF International Equity Fund		474,517,226
	18,878,357		TIAA-CREF International Opportunities Fund		344,907,582
	19,257,266		TIAA-CREF Quant International Small-Cap Equity Fund		217,607,108
			TOTAL INTERNATIONAL EQUITY		1,601,429,239
U.S. EQUITY—56.2%
	40,882,858		Nuveen Dividend Value Fund		582,989,555
	11,182,494		Nuveen Santa Barbara Dividend Growth Fund		527,478,237
	31,434,393		TIAA-CREF Growth & Income Fund		531,869,938
	25,476,038		TIAA-CREF Large-Cap Growth Fund		592,317,879
	12,035,624		TIAA-CREF Large-Cap Growth Index Fund		589,625,232
	29,676,168		TIAA-CREF Large-Cap Value Fund		583,433,460
	8,430,724		TIAA-CREF Quant Small-Cap Equity Fund		178,731,339
	12,728,626		TIAA-CREF Quant Small/Mid-Cap Equity Fund		200,985,009
			TOTAL U.S. EQUITY		3,787,430,649
			TOTAL AFFILIATED INVESTMENT COMPANIES		6,714,493,745
			(Cost $5,634,881,505)
			TOTAL INVESTMENTS—99.6%		6,714,493,745
			(Cost $5,634,881,505)
			OTHER ASSETS & LIABILITIES, NET—0.4%		24,927,018
			NET ASSETS—100.0%	$	6,739,420,763

a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.
b	Restricted security. At 2/28/21, the total value of this security amounted to $248,349,746 or 3.7% of net assets.

8

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2045 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2045 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 28, 2021

SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.6%a
DIRECT REAL ESTATE—3.7%
	14,738,452	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/25/21; cost $157,779,240)	$	159,322,664
			TOTAL DIRECT REAL ESTATE		159,322,664
FIXED INCOME—7.3%
	13,917,189		TIAA-CREF Core Bond Fund		150,027,294
	9,326,328		TIAA-CREF Core Plus Bond Fund		102,030,024
	2,534,715		TIAA-CREF Emerging Markets Debt Fund		25,524,579
	2,078,586		TIAA-CREF High-Yield Fund		19,850,497
	1,636,264		TIAA-CREF International Bond Fund		16,313,557
			TOTAL FIXED INCOME		313,745,951
INTERNATIONAL EQUITY—26.3%
	4,287,157		Nuveen International Growth Fund		244,539,428
	10,976,746		TIAA-CREF Emerging Markets Equity Fund		155,650,257
	24,863,536		TIAA-CREF International Equity Fund		335,906,370
	13,383,998		TIAA-CREF International Opportunities Fund		244,525,642
	13,636,630		TIAA-CREF Quant International Small-Cap Equity Fund		154,093,919
			TOTAL INTERNATIONAL EQUITY		1,134,715,616
U.S. EQUITY—62.3%
	29,037,670		Nuveen Dividend Value Fund		414,077,177
	7,926,835		Nuveen Santa Barbara Dividend Growth Fund		373,908,812
	22,257,047		TIAA-CREF Growth & Income Fund		376,589,236
	18,033,958		TIAA-CREF Large-Cap Growth Fund		419,289,517
	8,519,496		TIAA-CREF Large-Cap Growth Index Fund		417,370,102
	21,041,093		TIAA-CREF Large-Cap Value Fund		413,667,884
	5,972,437		TIAA-CREF Quant Small-Cap Equity Fund		126,615,665
	9,013,623		TIAA-CREF Quant Small/Mid-Cap Equity Fund		142,325,102
			TOTAL U.S. EQUITY		2,683,843,495
			TOTAL AFFILIATED INVESTMENT COMPANIES		4,291,627,726
			(Cost $3,494,184,025)
			TOTAL INVESTMENTS—99.6%		4,291,627,726
			(Cost $3,494,184,025)
			OTHER ASSETS & LIABILITIES, NET—0.4%		16,131,995
			NET ASSETS—100.0%	$	4,307,759,721

a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.
b	Restricted security. At 2/28/21, the total value of this security amounted to $159,322,664 or 3.7% of net assets.

9

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2050 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2050 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 28, 2021

SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.7%a
DIRECT REAL ESTATE—3.7%
	10,634,576	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/25/21; cost $114,232,435)	$	114,959,770
			TOTAL DIRECT REAL ESTATE		114,959,770
FIXED INCOME—5.1%
	6,729,201		TIAA-CREF Core Bond Fund		72,540,785
	4,738,615		TIAA-CREF Core Plus Bond Fund		51,840,449
	1,506,054		TIAA-CREF Emerging Markets Debt Fund		15,165,965
	1,144,154		TIAA-CREF High-Yield Fund		10,926,670
	827,268		TIAA-CREF International Bond Fund		8,247,857
			TOTAL FIXED INCOME		158,721,726
INTERNATIONAL EQUITY—27.0%
	3,161,289		Nuveen International Growth Fund		180,319,919
	8,116,170		TIAA-CREF Emerging Markets Equity Fund		115,087,284
	18,372,178		TIAA-CREF International Equity Fund		248,208,121
	9,880,744		TIAA-CREF International Opportunities Fund		180,521,194
	10,072,138		TIAA-CREF Quant International Small-Cap Equity Fund		113,815,156
			TOTAL INTERNATIONAL EQUITY		837,951,674
U.S. EQUITY—63.9%
	21,440,573		Nuveen Dividend Value Fund		305,742,578
	5,854,761		Nuveen Santa Barbara Dividend Growth Fund		276,169,094
	16,428,254		TIAA-CREF Growth & Income Fund		277,966,054
	13,353,670		TIAA-CREF Large-Cap Growth Fund		310,472,825
	6,287,284		TIAA-CREF Large-Cap Growth Index Fund		308,014,041
	15,569,927		TIAA-CREF Large-Cap Value Fund		306,104,770
	4,406,759		TIAA-CREF Quant Small-Cap Equity Fund		93,423,294
	6,654,716		TIAA-CREF Quant Small/Mid-Cap Equity Fund		105,077,958
			TOTAL U.S. EQUITY		1,982,970,614
			TOTAL AFFILIATED INVESTMENT COMPANIES		3,094,603,784
			(Cost $2,535,766,113)
			TOTAL INVESTMENTS—99.7%		3,094,603,784
			(Cost $2,535,766,113)
			OTHER ASSETS & LIABILITIES, NET—0.3%		10,788,648
			NET ASSETS—100.0%	$	3,105,392,432

a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.
b	Restricted security. At 2/28/21, the total value of this security amounted to $114,959,770 or 3.7% of net assets.

10

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2055 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2055 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 28, 2021

SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.6%a
DIRECT REAL ESTATE—3.7%
	4,411,081	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/25/21; cost $47,827,976)	$	47,683,790
			TOTAL DIRECT REAL ESTATE		47,683,790
FIXED INCOME—3.9%
	2,025,045		TIAA-CREF Core Bond Fund		21,829,990
	1,482,536		TIAA-CREF Core Plus Bond Fund		16,218,941
	550,081		TIAA-CREF Emerging Markets Debt Fund		5,539,311
	391,017		TIAA-CREF High-Yield Fund		3,734,215
	260,271		TIAA-CREF International Bond Fund		2,594,900
			TOTAL FIXED INCOME		49,917,357
INTERNATIONAL EQUITY—27.3%
	1,331,776		Nuveen International Growth Fund		75,964,516
	3,411,526		TIAA-CREF Emerging Markets Equity Fund		48,375,446
	7,722,968		TIAA-CREF International Equity Fund		104,337,298
	4,161,923		TIAA-CREF International Opportunities Fund		76,038,339
	4,239,609		TIAA-CREF Quant International Small-Cap Equity Fund		47,907,579
			TOTAL INTERNATIONAL EQUITY		352,623,178
U.S. EQUITY—64.7%
	9,016,100		Nuveen Dividend Value Fund		128,569,589
	2,470,273		Nuveen Santa Barbara Dividend Growth Fund		116,522,759
	6,903,419		TIAA-CREF Growth & Income Fund		116,805,850
	5,598,957		TIAA-CREF Large-Cap Growth Fund		130,175,761
	2,640,818		TIAA-CREF Large-Cap Growth Index Fund		129,373,684
	6,539,552		TIAA-CREF Large-Cap Value Fund		128,567,592
	1,849,339		TIAA-CREF Quant Small-Cap Equity Fund		39,205,992
	2,797,680		TIAA-CREF Quant Small/Mid-Cap Equity Fund		44,175,372
			TOTAL U.S. EQUITY		833,396,599
			TOTAL AFFILIATED INVESTMENT COMPANIES		1,283,620,924
			(Cost $1,081,523,296)
			TOTAL INVESTMENTS—99.6%		1,283,620,924
			(Cost $1,081,523,296)
			OTHER ASSETS & LIABILITIES, NET—0.4%		5,182,489
			NET ASSETS—100.0%	$	1,288,803,413

a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.
b	Restricted security. At 2/28/21, the total value of this security amounted to $47,683,790 or 3.7% of net assets.

11

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2060 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2060 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 28, 2021

SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.7%a
DIRECT REAL ESTATE—3.7%
	1,145,533	b	TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/25/21; cost $12,511,389)	$	12,383,207
			TOTAL DIRECT REAL ESTATE		12,383,207
FIXED INCOME—2.7%
	333,649		TIAA-CREF Core Bond Fund		3,596,732
	265,314		TIAA-CREF Core Plus Bond Fund		2,902,532
	124,014		TIAA-CREF Emerging Markets Debt Fund		1,248,824
	80,492		TIAA-CREF High-Yield Fund		768,700
	46,548		TIAA-CREF International Bond Fund		464,084
			TOTAL FIXED INCOME		8,980,872
INTERNATIONAL EQUITY—27.7%
	351,090		Nuveen International Growth Fund		20,026,152
	896,859		TIAA-CREF Emerging Markets Equity Fund		12,717,465
	2,032,138		TIAA-CREF International Equity Fund		27,454,179
	1,098,451		TIAA-CREF International Opportunities Fund		20,068,705
	1,116,153		TIAA-CREF Quant International Small-Cap Equity Fund		12,612,530
			TOTAL INTERNATIONAL EQUITY		92,879,031
U.S. EQUITY—65.6%
	2,370,450		Nuveen Dividend Value Fund		33,802,610
	651,044		Nuveen Santa Barbara Dividend Growth Fund		30,709,751
	1,820,439		TIAA-CREF Growth & Income Fund		30,801,830
	1,470,329		TIAA-CREF Large-Cap Growth Fund		34,185,146
	697,144		TIAA-CREF Large-Cap Growth Index Fund		34,153,092
	1,718,473		TIAA-CREF Large-Cap Value Fund		33,785,174
	486,689		TIAA-CREF Quant Small-Cap Equity Fund		10,317,811
	735,607		TIAA-CREF Quant Small/Mid-Cap Equity Fund		11,615,227
			TOTAL U.S. EQUITY		219,370,641
			TOTAL AFFILIATED INVESTMENT COMPANIES		333,613,751
			(Cost $288,934,017)
			TOTAL INVESTMENTS—99.7%		333,613,751
			(Cost $288,934,017)
			OTHER ASSETS & LIABILITIES, NET—0.3%		926,365
			NET ASSETS—100.0%	$	334,540,116

a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.
b	Restricted security. At 2/28/21, the total value of this security amounted to $12,383,207 or 3.7% of net assets.

12

TIAA-CREF LIFECYCLE FUNDS – Lifecycle 2065 Fund

TIAA-CREF LIFECYCLE FUNDS
LIFECYCLE 2065 FUND
SCHEDULE OF INVESTMENTS (unaudited)
February 28, 2021

SHARES			SECURITY	VALUE
AFFILIATED INVESTMENT COMPANIES—99.0%a
DIRECT REAL ESTATE—3.7%
	20,080	b	TIAA-CREF Real Property Fund LP (purchased 9/30/20-2/25/21; cost $215,309)	$	217,070
			TOTAL DIRECT REAL ESTATE		217,070
FIXED INCOME—1.2%
	2,592		TIAA-CREF Core Bond Fund		27,943
	2,253		TIAA-CREF Core Plus Bond Fund		24,647
	930		TIAA-CREF Emerging Markets Debt Fund		9,360
	1,008		TIAA-CREF High-Yield Fund		9,629
	373		TIAA-CREF International Bond Fund		3,714
			TOTAL FIXED INCOME		75,293
INTERNATIONAL EQUITY—28.0%
	6,216		Nuveen International Growth Fund		354,582
	15,804		TIAA-CREF Emerging Markets Equity Fund		224,104
	36,159		TIAA-CREF International Equity Fund		488,511
	19,429		TIAA-CREF International Opportunities Fund		354,963
	19,985		TIAA-CREF Quant International Small-Cap Equity Fund		225,831
			TOTAL INTERNATIONAL EQUITY		1,647,991
U.S. EQUITY—66.1%
	42,106		Nuveen Dividend Value Fund		600,437
	11,557		Nuveen Santa Barbara Dividend Growth Fund		545,147
	32,314		TIAA-CREF Growth & Income Fund		546,745
	25,993		TIAA-CREF Large-Cap Growth Fund		604,336
	12,385		TIAA-CREF Large-Cap Growth Index Fund		606,736
	30,550		TIAA-CREF Large-Cap Value Fund		600,617
	8,645		TIAA-CREF Quant Small-Cap Equity Fund		183,284
	13,104		TIAA-CREF Quant Small/Mid-Cap Equity Fund		206,909
			TOTAL U.S. EQUITY		3,894,211
			TOTAL AFFILIATED INVESTMENT COMPANIES		5,834,565
			(Cost $5,312,266)
			TOTAL INVESTMENTS—99.0%		5,834,565
			(Cost $5,312,266)
			OTHER ASSETS & LIABILITIES, NET—1.0%		58,985
			NET ASSETS—100.0%	$	5,893,550

a	The Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.
b	Restricted security. At 2/28/21, the total value of this security amounted to $217,070 or 3.7% of net assets.

13

TIAA-CREF Lifecycle Funds - Notes to Schedules of Investments (unaudited)

Organization and significant accounting policies

Part F of Form N-PORT was prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission 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

The Funds’ investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the threetiered hierarchy of valuation input levels.

• Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

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

• Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

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

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

Investments in registered investment companies: Investments in investment companies are valued at their respective NAVs on the valuation date and are generally classified as Level 1.

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

14

The following table summarizes the market value of the Funds’ investments as of February 28, 2021, based on the inputs used to value them:

Fund	Level 1		Level 2		Level 3		Fair Value using Practical Expedienta		Total
Lifecycle Retirement Income
Registered investment companies	$	571,879,548	$	—	$	—	$	—	$	571,879,548
TIAA-CREF Real Property Fund LP		—		—		—		21,718,472		21,718,472
Total	$	571,879,548	$	—	$	—	$	21,718,472	$	593,598,020
Lifecycle 2010
Registered investment companies	$	1,228,309,748	$	—	$	—	$	—	$	1,228,309,748
TIAA-CREF Real Property Fund LP		—		—		—		43,868,287		43,868,287
Total	$	1,228,309,748	$	—	$	—	$	43,868,287	$	1,272,178,035
Lifecycle 2015
Registered investment companies	$	1,757,288,641	$	—	$	—	$	—	$	1,757,288,641
TIAA-CREF Real Property Fund LP		—		—		—		66,851,839		66,851,839
Total	$	1,757,288,641	$	—	$	—	$	66,851,839	$	1,824,140,480
Lifecycle 2020
Registered investment companies	$	3,774,354,048	$	—	$	—	$	—	$	3,774,354,048
TIAA-CREF Real Property Fund LP		—		—		—		143,768,749		143,768,749
Total	$	3,774,354,048	$	—	$	—	$	143,768,749	$	3,918,122,797
Lifecycle 2025
Registered investment companies	$	5,061,571,649	$	—	$	—	$	—	$	5,061,571,649
TIAA-CREF Real Property Fund LP		—		—		—		193,151,074		193,151,074
Total	$	5,061,571,649	$	—	$	—	$	193,151,074	$	5,254,722,723
Lifecycle 2030
Registered investment companies	$	5,336,840,942	$	—	$	—	$	—	$	5,336,840,942
TIAA-CREF Real Property Fund LP		—		—		—		204,255,376		204,255,376
Total	$	5,336,840,942	$	—	$	—	$	204,255,376	$	5,541,096,318
Lifecycle 2035
Registered investment companies	$	5,452,506,959	$	—	$	—	$	—	$	5,452,506,959
TIAA-CREF Real Property Fund LP		—		—		—		209,243,281		209,243,281
Total	$	5,452,506,959	$	—	$	—	$	209,243,281	$	5,661,750,240
Lifecycle 2040
Registered investment companies	$	6,466,143,999	$	—	$	—	$	—	$	6,466,143,999
TIAA-CREF Real Property Fund LP		—		—		—		248,349,746		248,349,746
Total	$	6,466,143,999	$	—	$	—	$	248,349,746	$	6,714,493,745
Lifecycle 2045
Registered investment companies	$	4,132,305,062	$	—	$	—	$	—	$	4,132,305,062
TIAA-CREF Real Property Fund LP		—		—		—		159,322,664		159,322,664
Total	$	4,132,305,062	$	—	$	—	$	159,322,664	$	4,291,627,726
Lifecycle 2050
Registered investment companies	$	2,979,644,014	$	—	$	—	$	—	$	2,979,644,014
TIAA-CREF Real Property Fund LP		—		—		—		114,959,770		114,959,770
Total	$	2,979,644,014	$	—	$	—	$	114,959,770	$	3,094,603,784
Lifecycle 2055
Registered investment companies	$	1,235,937,134	$	—	$	—	$	—	$	1,235,937,134
TIAA-CREF Real Property Fund LP		—		—		—		47,683,790		47,683,790
Total	$	1,235,937,134	$	—	$	—	$	47,683,790	$	1,283,620,924

15

Fund	Level 1		Level 2		Level 3		Fair Value using Practical Expedienta		Total
Lifecycle 2060
Registered investment companies	$	321,230,544	$	—	$	—	$	—	$	321,230,544
TIAA-CREF Real Property Fund LP		—		—		—		12,383,207		12,383,207
Total	$	321,230,544	$	—	$	—	$	12,383,207	$	333,613,751
Lifecycle 2065
Registered investment companies	$	5,617,495	$	—	$	—	$	—	$	5,617,495
TIAA-CREF Real Property Fund LP		—		—		—		217,070		217,070
Total	$	5,617,495	$	—	$	—	$	217,070	$	5,834,565

^a In accordance with ASC 820, certain investments that are measured at fair value using the net asset value per share practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the schedules of investments.

16

A10998-B (4/21)