0001752724-22-093973.txt : 20220427 0001752724-22-093973.hdr.sgml : 20220427 20220427113804 ACCESSION NUMBER: 0001752724-22-093973 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220228 FILED AS OF DATE: 20220427 PERIOD START: 20220531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TIAA-CREF FUNDS CENTRAL INDEX KEY: 0001084380 IRS NUMBER: 134055167 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-09301 FILM NUMBER: 22857676 BUSINESS ADDRESS: STREET 1: 730 THIRD AVE. CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129166746 MAIL ADDRESS: STREET 1: 730 THIRD AVE. CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: TIAA CREF INSTITUTIONAL MUTUAL FUNDS DATE OF NAME CHANGE: 19990415 0001084380 S000031927 TIAA-CREF Lifecycle 2055 Fund C000099416 Retirement Class TTRLX C000099417 Institutional Class TTRIX C000099418 Premier Class TTRPX C000162591 Advisor Class TTRHX NPORT-P 1 primary_doc.xml NPORT-P false 0001084380 XXXXXXXX S000031927 C000099417 C000099416 C000099418 C000162591 TIAA-CREF Funds 811-09301 0001084380 549300L8R42TEBN5NG46 730 Third Avenue New York 10017 800-842-2733 TIAA-CREF Lifecycle 2055 Fund S000031927 549300J9XRSTXH5MQI12 2022-05-31 2022-02-28 N 1467172307.00 382415.00 1466789892.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2791714.00000000 N TIAA-CREF International Opportunities Fund 549300HZ2T3OBTEPQL02 TIAA-CREF International Opportunities Fund 87249N404 6707960.44200000 NS USD 103570909.22000000 7.061059650389 Long EC RF US N 1 N N N TIAA-CREF Large-Cap Growth Fund 549300WD82RYV9745L98 TIAA-CREF Large-Cap Growth Fund 87245P189 6593671.76300000 NS USD 137214309.39000000 9.354735135439 Long EC RF US N 1 N N N TIAA-CREF Emerging Markets Debt Fund 549300WLIUEOX123JU96 TIAA-CREF Emerging Markets Debt Fund 87249N701 243602.23100000 NS USD 2204600.19000000 0.150301021436 Long EC RF US N 1 N N N TIAA-CREF International Bond Fund 549300G6OT5H8V4S5S27 TIAA-CREF International Bond Fund 87249N800 256119.21800000 NS USD 2412643.03000000 0.164484568864 Long EC RF US N 1 N N N TIAA-CREF Real Property Fund LP N/A TIAA-CREF Real Property Fund LP 930JFH902 5603925.16400000 NS USD 71842320.60000000 4.897928530311 Long EC PF US Y N/A N N N TIAA-CREF High-Yield Fund H2OKFT33VTKYL2CM0S54 TIAA-CREF High-Yield Fund 87245P387 260426.64500000 NS USD 2401133.67000000 0.163699905698 Long EC RF US N 1 N N N Nuveen Santa Barbara Dividend Growth Fund 549300J0CU6GUC7VG876 Nuveen Dividend Growth Fund 670725365 2327210.86200000 NS USD 125134128.05000000 8.531155602618 Long EC RF US N 1 N N N TIAA-CREF Core Bond Fund YWIZ7MJ37MMDNKLMSJ20 TIAA-CREF Core Bond Fund 87245P429 2463514.51400000 NS USD 25201753.48000000 1.718157018769 Long EC RF US N 1 N N N Nuveen Growth Opportunities ETF 549300XDBSCM6Y68TP61 Nuveen Growth Opportunities ETF 67092P797 6133680.00000000 NS USD 137885126.40000000 9.400468816429 Long EC RF US N 1 N N N TIAA-CREF International Equity Fund 5493008RRTKJOPRQXQ17 TIAA-CREF International Equity Fund 87249N305 10956028.71900000 NS USD 139032004.44000000 9.478658477147 Long EC RF US N 1 N N N TIAA-CREF Quant Small-Cap Equity Fund 5493008H8U7UF8JZVG45 TIAA-CREF Quant Small-Cap Equity Fund 87245P148 2027195.57600000 NS USD 36144897.12000000 2.464217766780 Long EC RF US N 1 N N N TIAA-CREF Growth & Income Fund 549300H2QF6W68HZGC62 TIAA-CREF Growth & Income Fund 87245P197 7943674.28400000 NS USD 125192306.72000000 8.535121996872 Long EC RF US N 1 N N N TIAA-CREF Large-Cap Value Fund 5493000JPMJ0WJUSV611 TIAA-CREF Large-Cap Value Fund 87245P171 6463009.42800000 NS USD 135658567.89000000 9.248670762587 Long EC RF US N 1 N N N TIAA-CREF Quant International Small-Cap Equity Fund 549300RSIV79MF5GGQ29 TIAA-CREF Quant International Small-Cap Equity Fund 87249N503 6311911.15700000 NS USD 68231759.61000000 4.651774598539 Long EC RF US N 1 N N N TIAA-CREF Emerging Markets Equity Fund 5493004W92G2B8L4SC94 TIAA-CREF Emerging Markets Equity Fund 87249N107 6773962.85900000 NS USD 59678612.79000000 4.068654489337 Long EC RF US N 1 N N N Nuveen International Growth Fund 549300S58SFCLIGNSB19 Nuveen International Growth Fund 670713304 2096046.98300000 NS USD 99687994.51000000 6.796337706832 Long EC RF US N 1 N N N TIAA-CREF Core Plus Bond Fund 0MUK3R86NU2905A9L154 TIAA-CREF Core Plus Bond Fund 87245P395 1525231.43100000 NS USD 15664126.80000000 1.067918921819 Long EC RF US N 1 N N N Nuveen Dividend Value Fund 549300W2PEK6JFFS9G96 Nuveen Dividend Value Fund 670690130 8881135.88900000 NS USD 134638020.08000000 9.179093803027 Long EC RF US N 1 N N N TIAA-CREF Quant Small/Mid-Cap Equity Fund 549300VL9HIO1ISLDM68 TIAA-CREF Quant Small/Mid-Cap Equity Fund 87245P130 2966853.75500000 NS USD 42426008.70000000 2.892439396494 Long EC RF US N 1 N N N 2022-02-28 TIAA-CREF Funds E. Scott Wickerham E. Scott Wickerham Funds Treasurer XXXX NPORT-EX 2 tiaa_lcf.htm tiaa_lcf_20220228_20220421220434464.pdf

TIAA-CREF LIFECYCLE FUNDS - Lifecycle Retirement Income Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE RETIREMENT INCOME FUND

SCHEDULE OF INVESTMENTS (unaudited)

February 28, 2022

SHARES

 

 

SECURITY

 

 

VALUE

AFFILIATED INVESTMENT COMPANIES—100.0%a

 

 

DIRECT REAL ESTATE—4.9%

TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/25/22; cost $24,539,000)

$

29,490,034‌

2,300,315

 

b

 

 

 

 

 

 

 

 

 

TOTAL DIRECT REAL ESTATE

 

29,490,034‌

FIXED INCOME—40.0%

 

 

 

 

 

12,315,978

 

 

TIAA-CREF Core Bond Fund

 

125,992,453‌

7,590,054

 

 

TIAA-CREF Core Plus Bond Fund

 

77,949,849‌

1,219,023

 

 

TIAA-CREF Emerging Markets Debt Fund

 

11,032,156‌

1,298,020

 

 

TIAA-CREF High-Yield Fund

 

11,967,741‌

1,319,490

 

 

TIAA-CREF International Bond Fund

 

12,429,596‌

 

 

 

TOTAL FIXED INCOME

 

239,371,795‌

INFLATION-PROTECTED ASSETS—10.2%

 

 

 

5,028,281

 

 

TIAA-CREF Inflation-Linked Bond Fund

 

61,043,331‌

 

 

 

TOTAL INFLATION-PROTECTED ASSETS

 

61,043,331‌

INTERNATIONAL EQUITY—12.1%

 

 

 

328,126

 

 

Nuveen International Growth Fund

 

15,605,652‌

1,037,986

 

 

TIAA-CREF Emerging Markets Equity Fund

 

9,144,657‌

1,708,274

 

 

TIAA-CREF International Equity Fund

 

21,678,001‌

1,010,815

 

 

TIAA-CREF International Opportunities Fund

 

15,606,990‌

962,732

 

 

TIAA-CREF Quant International Small-Cap Equity Fund

 

10,407,133‌

 

 

 

TOTAL INTERNATIONAL EQUITY

 

72,442,433‌

SHORT-TERM FIXED INCOME—10.1%

 

 

 

5,882,030

 

 

TIAA-CREF Short-Term Bond Fund

 

60,231,990‌

 

 

 

TOTAL SHORT-TERM FIXED INCOME

 

60,231,990‌

U.S. EQUITY—22.7%

 

 

 

 

 

359,976

 

 

Nuveen Dividend Growth Fund

 

19,355,913‌

1,385,223

 

 

Nuveen Dividend Value Fund

 

20,999,977‌

954,533

 

 

Nuveen Growth Opportunities ETF

 

21,457,902‌

1,224,084

 

 

TIAA-CREF Growth & Income Fund

 

19,291,566‌

1,024,736

 

 

TIAA-CREF Large-Cap Growth Fund

 

21,324,756‌

997,947

 

 

TIAA-CREF Large-Cap Value Fund

 

20,946,904‌

309,591

 

 

TIAA-CREF Quant Small-Cap Equity Fund

 

5,520,007‌

455,291

 

 

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

6,510,664‌

 

 

 

TOTAL U.S. EQUITY

 

135,407,689‌

 

 

 

TOTAL AFFILIATED INVESTMENT COMPANIES

 

597,987,272‌

 

 

 

(Cost $559,534,556)

 

 

 

 

 

TOTAL INVESTMENTS—100.0%

 

597,987,272‌

 

 

 

(Cost $559,534,556)

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET—0.0%

 

(205,483‌)

 

 

 

NET ASSETS—100.0%

$

597,781,789‌

 

 

 

ETF

Exchange Traded Fund

 

 

aThe Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, the affiliated Nuveen Growth Opportunities ETF, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.

bRestricted security. At 2/28/22, the total value of this security amounted to $29,490,034 or 4.9% of net assets.

1

TIAA-CREF LIFECYCLE FUNDS - Lifecycle 2010 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2010 FUND

SCHEDULE OF INVESTMENTS (unaudited)

February 28, 2022

SHARES

 

 

SECURITY

 

 

VALUE

 

AFFILIATED INVESTMENT COMPANIES—99.9%a

 

 

 

DIRECT REAL ESTATE—4.2%

TIAA-CREF Real Property Fund LP (purchased 7/01/16-2/25/22; cost $38,080,628)

$

46,892,665‌

3,657,774

 

b

 

 

 

 

 

 

 

 

 

 

TOTAL DIRECT REAL ESTATE

 

46,892,665‌

FIXED INCOME—40.0%

 

 

 

 

 

 

23,290,641

 

 

TIAA-CREF Core Bond Fund

 

238,263,254‌

14,353,052

 

 

TIAA-CREF Core Plus Bond Fund

 

147,405,841‌

2,309,035

 

 

TIAA-CREF Emerging Markets Debt Fund

 

20,896,764‌

2,452,422

 

 

TIAA-CREF High-Yield Fund

 

22,611,328‌

2,495,632

 

 

TIAA-CREF International Bond Fund

 

23,508,854‌

 

 

 

TOTAL FIXED INCOME

 

452,686,041‌

INFLATION-PROTECTED ASSETS—10.2%

 

 

 

 

9,495,661

 

 

TIAA-CREF Inflation-Linked Bond Fund

 

115,277,320‌

 

 

 

TOTAL INFLATION-PROTECTED ASSETS

 

115,277,320‌

INTERNATIONAL EQUITY—11.8%

 

 

 

 

603,818

 

 

Nuveen International Growth Fund

 

28,717,588‌

1,913,982

 

 

TIAA-CREF Emerging Markets Equity Fund

 

16,862,184‌

3,147,235

 

 

TIAA-CREF International Equity Fund

 

39,938,414‌

1,863,808

 

 

TIAA-CREF International Opportunities Fund

 

28,777,199‌

1,770,253

 

 

TIAA-CREF Quant International Small-Cap Equity Fund

 

19,136,437‌

 

 

 

TOTAL INTERNATIONAL EQUITY

 

133,431,822‌

SHORT-TERM FIXED INCOME—11.7%

 

 

 

 

12,918,697

 

 

TIAA-CREF Short-Term Bond Fund

 

132,287,461‌

 

 

 

TOTAL SHORT-TERM FIXED INCOME

 

132,287,461‌

U.S. EQUITY—22.0%

 

 

 

 

 

 

656,108

 

 

Nuveen Dividend Growth Fund

 

35,278,915‌

2,548,282

 

 

Nuveen Dividend Value Fund

 

38,631,958‌

1,762,303

 

 

Nuveen Growth Opportunities ETF

 

39,616,571‌

2,256,796

 

 

TIAA-CREF Growth & Income Fund

 

35,567,098‌

1,889,509

 

 

TIAA-CREF Large-Cap Growth Fund

 

39,320,691‌

1,840,117

 

 

TIAA-CREF Large-Cap Value Fund

 

38,624,048‌

570,803

 

 

TIAA-CREF Quant Small-Cap Equity Fund

 

10,177,416‌

838,950

 

 

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

11,996,988‌

 

 

 

TOTAL U.S. EQUITY

 

249,213,685‌

 

 

 

 

 

 

 

 

 

 

TOTAL AFFILIATED INVESTMENT COMPANIES

 

1,129,788,994‌

 

 

 

(Cost $1,025,253,674)

 

 

 

 

 

 

TOTAL INVESTMENTS—99.9%

 

1,129,788,994‌

 

 

 

(Cost $1,025,253,674)

 

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET—0.1%

 

1,043,571‌

 

 

 

NET ASSETS—100.0%

$

1,130,832,565‌

 

 

 

ETF

Exchange Traded Fund

 

 

 

aThe Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, the affiliated Nuveen Growth Opportunities ETF, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.

bRestricted security. At 2/28/22, the total value of this security amounted to $46,892,665 or 4.2% of net assets.

2

TIAA-CREF LIFECYCLE FUNDS - Lifecycle 2015 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2015 FUND

SCHEDULE OF INVESTMENTS (unaudited)

February 28, 2022

SHARES

 

 

SECURITY

 

 

VALUE

 

AFFILIATED INVESTMENT COMPANIES—99.9%a

 

 

 

DIRECT REAL ESTATE—4.9%

TIAA-CREF Real Property Fund LP (purchased 11/28/16-2/25/22; cost $65,123,549)

$

79,107,571‌

6,170,637

 

b

 

 

 

 

 

 

 

 

 

 

TOTAL DIRECT REAL ESTATE

 

79,107,571‌

FIXED INCOME—39.4%

 

 

 

 

 

 

32,518,610

 

 

TIAA-CREF Core Bond Fund

 

332,665,381‌

20,027,966

 

 

TIAA-CREF Core Plus Bond Fund

 

205,687,212‌

3,214,091

 

 

TIAA-CREF Emerging Markets Debt Fund

 

29,087,528‌

3,417,118

 

 

TIAA-CREF High-Yield Fund

 

31,505,827‌

3,480,635

 

 

TIAA-CREF International Bond Fund

 

32,787,584‌

 

 

 

TOTAL FIXED INCOME

 

631,733,532‌

INFLATION-PROTECTED ASSETS—8.8%

 

 

 

 

11,670,257

 

 

TIAA-CREF Inflation-Linked Bond Fund

 

141,676,916‌

 

 

 

TOTAL INFLATION-PROTECTED ASSETS

 

141,676,916‌

INTERNATIONAL EQUITY—13.3%

 

 

 

 

962,816

 

 

Nuveen International Growth Fund

 

45,791,539‌

3,058,762

 

 

TIAA-CREF Emerging Markets Equity Fund

 

26,947,696‌

5,028,233

 

 

TIAA-CREF International Equity Fund

 

63,808,274‌

2,975,431

 

 

TIAA-CREF International Opportunities Fund

 

45,940,652‌

2,844,596

 

 

TIAA-CREF Quant International Small-Cap Equity Fund

 

30,750,084‌

 

 

 

TOTAL INTERNATIONAL EQUITY

 

213,238,245‌

SHORT-TERM FIXED INCOME—8.7%

 

 

 

 

13,652,153

 

 

TIAA-CREF Short-Term Bond Fund

 

139,798,042‌

 

 

 

TOTAL SHORT-TERM FIXED INCOME

 

139,798,042‌

U.S. EQUITY—24.8%

 

 

 

 

 

 

1,055,923

 

 

Nuveen Dividend Growth Fund

 

56,776,957‌

4,093,679

 

 

Nuveen Dividend Value Fund

 

62,060,168‌

2,817,224

 

 

Nuveen Growth Opportunities ETF

 

63,331,196‌

3,606,159

 

 

TIAA-CREF Growth & Income Fund

 

56,833,068‌

3,016,278

 

 

TIAA-CREF Large-Cap Growth Fund

 

62,768,736‌

2,937,671

 

 

TIAA-CREF Large-Cap Value Fund

 

61,661,705‌

911,437

 

 

TIAA-CREF Quant Small-Cap Equity Fund

 

16,250,926‌

1,340,487

 

 

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

19,168,960‌

 

 

 

TOTAL U.S. EQUITY

 

398,851,716‌

 

 

 

 

 

 

 

 

 

 

TOTAL AFFILIATED INVESTMENT COMPANIES

 

1,604,406,022‌

 

 

 

(Cost $1,521,108,629)

 

 

 

 

 

 

TOTAL INVESTMENTS—99.9%

 

1,604,406,022‌

 

 

 

(Cost $1,521,108,629)

 

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET—0.1%

 

1,222,717‌

 

 

 

NET ASSETS—100.0%

$

1,605,628,739‌

 

 

 

ETF

Exchange Traded Fund

 

 

 

aThe Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, the affiliated Nuveen Growth Opportunities ETF, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.

bRestricted security. At 2/28/22, the total value of this security amounted to $79,107,571 or 4.9% of net assets.

3

TIAA-CREF LIFECYCLE FUNDS - Lifecycle 2020 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2020 FUND

SCHEDULE OF INVESTMENTS (unaudited)

February 28, 2022

SHARES

 

 

SECURITY

 

 

VALUE

 

AFFILIATED INVESTMENT COMPANIES—99.8%a

 

 

 

DIRECT REAL ESTATE—4.9%

TIAA-CREF Real Property Fund LP (purchased 11/28/16-2/25/22; cost $144,294,487)

$

174,730,768‌

13,629,545

 

b

 

 

 

 

 

 

 

 

 

 

TOTAL DIRECT REAL ESTATE

 

174,730,768‌

FIXED INCOME—38.4%

 

 

 

 

 

 

70,163,961

 

 

TIAA-CREF Core Bond Fund

 

717,777,321‌

43,244,774

 

 

TIAA-CREF Core Plus Bond Fund

 

444,123,832‌

6,937,248

 

 

TIAA-CREF Emerging Markets Debt Fund

 

62,782,091‌

7,371,898

 

 

TIAA-CREF High-Yield Fund

 

67,968,904‌

7,514,529

 

 

TIAA-CREF International Bond Fund

 

70,786,867‌

 

 

 

TOTAL FIXED INCOME

 

1,363,439,015‌

INFLATION-PROTECTED ASSETS—6.8%

 

 

 

 

19,876,503

 

 

TIAA-CREF Inflation-Linked Bond Fund

 

241,300,752‌

 

 

 

TOTAL INFLATION-PROTECTED ASSETS

 

241,300,752‌

INTERNATIONAL EQUITY—15.0%

 

 

 

 

2,407,598

 

 

Nuveen International Growth Fund

 

114,505,359‌

7,648,158

 

 

TIAA-CREF Emerging Markets Equity Fund

 

67,380,274‌

12,579,479

 

 

TIAA-CREF International Equity Fund

 

159,633,591‌

7,442,076

 

 

TIAA-CREF International Opportunities Fund

 

114,905,654‌

7,102,936

 

 

TIAA-CREF Quant International Small-Cap Equity Fund

 

76,782,739‌

 

 

 

TOTAL INTERNATIONAL EQUITY

 

533,207,617‌

SHORT-TERM FIXED INCOME—6.7%

 

 

 

 

23,251,658

 

 

TIAA-CREF Short-Term Bond Fund

 

238,096,978‌

 

 

 

TOTAL SHORT-TERM FIXED INCOME

 

238,096,978‌

U.S. EQUITY—28.0%

 

 

 

 

 

 

2,619,364

 

 

Nuveen Dividend Growth Fund

 

140,843,202‌

10,174,646

 

 

Nuveen Dividend Value Fund

 

154,247,637‌

7,026,949

 

 

Nuveen Growth Opportunities ETF

 

157,965,814‌

9,026,433

 

 

TIAA-CREF Growth & Income Fund

 

142,256,579‌

7,545,026

 

 

TIAA-CREF Large-Cap Growth Fund

 

157,011,995‌

7,353,567

 

 

TIAA-CREF Large-Cap Value Fund

 

154,351,367‌

2,279,486

 

 

TIAA-CREF Quant Small-Cap Equity Fund

 

40,643,233‌

3,349,552

 

 

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

47,898,595‌

 

 

 

TOTAL U.S. EQUITY

 

995,218,422‌

 

 

 

 

 

 

 

 

 

 

TOTAL AFFILIATED INVESTMENT COMPANIES

 

3,545,993,552‌

 

 

 

(Cost $3,343,684,760)

 

 

 

 

 

 

TOTAL INVESTMENTS—99.8%

 

3,545,993,552‌

 

 

 

(Cost $3,343,684,760)

 

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET—0.2%

 

8,032,261‌

 

 

 

NET ASSETS—100.0%

$

3,554,025,813‌

 

 

 

ETF

Exchange Traded Fund

 

 

 

aThe Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, the affiliated Nuveen Growth Opportunities ETF, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.

bRestricted security. At 2/28/22, the total value of this security amounted to $174,730,768 or 4.9% of net assets.

4

TIAA-CREF LIFECYCLE FUNDS - Lifecycle 2025 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2025 FUND

SCHEDULE OF INVESTMENTS (unaudited)

February 28, 2022

SHARES

 

 

SECURITY

 

 

VALUE

 

AFFILIATED INVESTMENT COMPANIES—99.7%a

 

 

 

DIRECT REAL ESTATE—4.9%

TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/25/22; cost $209,285,530)

$

251,280,557‌

19,600,667

 

b

 

 

 

 

 

 

 

 

 

 

TOTAL DIRECT REAL ESTATE

 

251,280,557‌

FIXED INCOME—34.7%

 

 

 

 

 

 

91,450,150

 

 

TIAA-CREF Core Bond Fund

 

935,535,033‌

56,305,715

 

 

TIAA-CREF Core Plus Bond Fund

 

578,259,692‌

9,070,622

 

 

TIAA-CREF Emerging Markets Debt Fund

 

82,089,125‌

9,612,582

 

 

TIAA-CREF High-Yield Fund

 

88,628,010‌

9,811,224

 

 

TIAA-CREF International Bond Fund

 

92,421,727‌

 

 

 

TOTAL FIXED INCOME

 

1,776,933,587‌

INFLATION-PROTECTED ASSETS—4.7%

 

 

 

 

20,018,302

 

 

TIAA-CREF Inflation-Linked Bond Fund

 

243,022,185‌

 

 

 

TOTAL INFLATION-PROTECTED ASSETS

 

243,022,185‌

INTERNATIONAL EQUITY—17.7%

 

 

 

 

4,089,422

 

 

Nuveen International Growth Fund

 

194,492,914‌

12,972,953

 

 

TIAA-CREF Emerging Markets Equity Fund

 

114,291,713‌

21,323,417

 

 

TIAA-CREF International Equity Fund

 

270,594,157‌

12,633,624

 

 

TIAA-CREF International Opportunities Fund

 

195,063,160‌

12,052,641

 

 

TIAA-CREF Quant International Small-Cap Equity Fund

 

130,289,047‌

 

 

 

TOTAL INTERNATIONAL EQUITY

 

904,730,991‌

SHORT-TERM FIXED INCOME—4.7%

 

 

 

 

23,425,843

 

 

TIAA-CREF Short-Term Bond Fund

 

239,880,637‌

 

 

 

TOTAL SHORT-TERM FIXED INCOME

 

239,880,637‌

U.S. EQUITY—33.0%

 

 

 

 

 

 

4,448,442

 

 

Nuveen Dividend Growth Fund

 

239,192,700‌

17,290,286

 

 

Nuveen Dividend Value Fund

 

262,120,732‌

11,925,687

 

 

Nuveen Growth Opportunities ETF

 

268,089,444‌

15,306,575

 

 

TIAA-CREF Growth & Income Fund

 

241,231,622‌

12,811,163

 

 

TIAA-CREF Large-Cap Growth Fund

 

266,600,298‌

12,482,129

 

 

TIAA-CREF Large-Cap Value Fund

 

261,999,889‌

3,869,196

 

 

TIAA-CREF Quant Small-Cap Equity Fund

 

68,987,767‌

5,686,915

 

 

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

81,322,890‌

 

 

 

TOTAL U.S. EQUITY

 

1,689,545,342‌

 

 

 

 

 

 

 

 

 

 

TOTAL AFFILIATED INVESTMENT COMPANIES

 

5,105,393,299‌

 

 

 

(Cost $4,803,874,224)

 

 

 

 

 

 

TOTAL INVESTMENTS—99.7%

 

5,105,393,299‌

 

 

 

(Cost $4,803,874,224)

 

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET—0.3%

 

15,177,835‌

 

 

 

NET ASSETS—100.0%

$

5,120,571,134‌

 

 

 

ETF

Exchange Traded Fund

 

 

 

aThe Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, the affiliated Nuveen Growth Opportunities ETF, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.

bRestricted security. At 2/28/22, the total value of this security amounted to $251,280,557 or 4.9% of net assets.

5

TIAA-CREF LIFECYCLE FUNDS - Lifecycle 2030 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2030 FUND

SCHEDULE OF INVESTMENTS (unaudited)

February 28, 2022

SHARES

 

 

SECURITY

 

 

VALUE

 

AFFILIATED INVESTMENT COMPANIES—99.7%a

 

 

 

DIRECT REAL ESTATE—4.9%

TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/25/22; cost $228,192,042)

$

272,785,734‌

21,278,138

 

b

 

 

 

 

 

 

 

 

 

 

TOTAL DIRECT REAL ESTATE

 

272,785,734‌

FIXED INCOME—29.7%

 

 

 

 

 

 

85,146,679

 

 

TIAA-CREF Core Bond Fund

 

871,050,529‌

52,453,088

 

 

TIAA-CREF Core Plus Bond Fund

 

538,693,215‌

8,450,943

 

 

TIAA-CREF Emerging Markets Debt Fund

 

76,481,030‌

8,949,457

 

 

TIAA-CREF High-Yield Fund

 

82,513,993‌

9,126,124

 

 

TIAA-CREF International Bond Fund

 

85,968,086‌

 

 

 

TOTAL FIXED INCOME

 

1,654,706,853‌

INFLATION-PROTECTED ASSETS—2.7%

 

 

 

 

12,401,794

 

 

TIAA-CREF Inflation-Linked Bond Fund

 

150,557,775‌

 

 

 

TOTAL INFLATION-PROTECTED ASSETS

 

150,557,775‌

INTERNATIONAL EQUITY—20.8%

 

 

 

 

5,221,350

 

 

Nuveen International Growth Fund

 

248,327,394‌

16,609,770

 

 

TIAA-CREF Emerging Markets Equity Fund

 

146,332,070‌

27,243,485

 

 

TIAA-CREF International Equity Fund

 

345,719,826‌

16,192,455

 

 

TIAA-CREF International Opportunities Fund

 

250,011,499‌

15,518,245

 

 

TIAA-CREF Quant International Small-Cap Equity Fund

 

167,752,227‌

 

 

 

TOTAL INTERNATIONAL EQUITY

 

1,158,143,016‌

SHORT-TERM FIXED INCOME—2.7%

 

 

 

 

14,510,389

 

 

TIAA-CREF Short-Term Bond Fund

 

148,586,382‌

 

 

 

TOTAL SHORT-TERM FIXED INCOME

 

148,586,382‌

U.S. EQUITY—38.9%

 

 

 

 

 

 

5,710,908

 

 

Nuveen Dividend Growth Fund

 

307,075,498‌

22,122,351

 

 

Nuveen Dividend Value Fund

 

335,374,840‌

15,231,034

 

 

Nuveen Growth Opportunities ETF

 

342,393,644‌

19,669,453

 

 

TIAA-CREF Growth & Income Fund

 

309,990,584‌

16,400,363

 

 

TIAA-CREF Large-Cap Growth Fund

 

341,291,558‌

15,967,408

 

 

TIAA-CREF Large-Cap Value Fund

 

335,155,884‌

4,951,873

 

 

TIAA-CREF Quant Small-Cap Equity Fund

 

88,291,887‌

7,286,104

 

 

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

104,191,286‌

 

 

 

TOTAL U.S. EQUITY

 

2,163,765,181‌

 

 

 

 

 

 

 

 

 

 

TOTAL AFFILIATED INVESTMENT COMPANIES

 

5,548,544,941‌

 

 

 

(Cost $5,192,787,814)

 

 

 

 

 

 

TOTAL INVESTMENTS—99.7%

 

5,548,544,941‌

 

 

 

(Cost $5,192,787,814)

 

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET—0.3%

 

18,642,822‌

 

 

 

NET ASSETS—100.0%

$

5,567,187,763‌

 

 

 

ETF

Exchange Traded Fund

 

 

 

aThe Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, the affiliated Nuveen Growth Opportunities ETF, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.

bRestricted security. At 2/28/22, the total value of this security amounted to $272,785,734 or 4.9% of net assets.

6

TIAA-CREF LIFECYCLE FUNDS - Lifecycle 2035 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2035 FUND

SCHEDULE OF INVESTMENTS (unaudited)

February 28, 2022

SHARES

 

 

SECURITY

 

 

VALUE

 

AFFILIATED INVESTMENT COMPANIES—99.6%a

 

 

 

DIRECT REAL ESTATE—4.9%

TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/15/22; cost $235,218,462)

$

281,157,956‌

21,931,198

 

b

 

 

 

 

 

 

 

 

 

 

TOTAL DIRECT REAL ESTATE

 

281,157,956‌

FIXED INCOME—24.8%

 

 

 

 

 

 

73,182,611

 

 

TIAA-CREF Core Bond Fund

 

748,658,106‌

45,104,729

 

 

TIAA-CREF Core Plus Bond Fund

 

463,225,570‌

7,266,412

 

 

TIAA-CREF Emerging Markets Debt Fund

 

65,761,025‌

7,716,105

 

 

TIAA-CREF High-Yield Fund

 

71,142,488‌

7,846,781

 

 

TIAA-CREF International Bond Fund

 

73,916,673‌

 

 

 

TOTAL FIXED INCOME

 

1,422,703,862‌

INFLATION-PROTECTED ASSETS—0.7%

 

 

 

 

3,151,734

 

 

TIAA-CREF Inflation-Linked Bond Fund

 

38,262,050‌

 

 

 

TOTAL INFLATION-PROTECTED ASSETS

 

38,262,050‌

INTERNATIONAL EQUITY—23.9%

 

 

 

 

6,199,175

 

 

Nuveen International Growth Fund

 

294,832,762‌

19,744,348

 

 

TIAA-CREF Emerging Markets Equity Fund

 

173,947,702‌

32,320,002

 

 

TIAA-CREF International Equity Fund

 

410,140,824‌

19,224,564

 

 

TIAA-CREF International Opportunities Fund

 

296,827,276‌

18,397,278

 

 

TIAA-CREF Quant International Small-Cap Equity Fund

 

198,874,575‌

 

 

 

TOTAL INTERNATIONAL EQUITY

 

1,374,623,139‌

SHORT-TERM FIXED INCOME—0.6%

 

 

 

 

3,691,503

 

 

TIAA-CREF Short-Term Bond Fund

 

37,800,992‌

 

 

 

TOTAL SHORT-TERM FIXED INCOME

 

37,800,992‌

U.S. EQUITY—44.7%

 

 

 

 

 

 

6,782,218

 

 

Nuveen Dividend Growth Fund

 

364,679,836‌

26,230,774

 

 

Nuveen Dividend Value Fund

 

397,658,539‌

18,070,275

 

 

Nuveen Growth Opportunities ETF

 

406,219,782‌

23,342,744

 

 

TIAA-CREF Growth & Income Fund

 

367,881,641‌

19,470,302

 

 

TIAA-CREF Large-Cap Growth Fund

 

405,176,989‌

18,983,299

 

 

TIAA-CREF Large-Cap Value Fund

 

398,459,441‌

5,881,338

 

 

TIAA-CREF Quant Small-Cap Equity Fund

 

104,864,259‌

8,651,803

 

 

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

123,720,785‌

 

 

 

TOTAL U.S. EQUITY

 

2,568,661,272‌

 

 

 

 

 

 

 

 

 

 

TOTAL AFFILIATED INVESTMENT COMPANIES

 

5,723,209,271‌

 

 

 

(Cost $5,304,814,447)

 

 

 

 

 

 

TOTAL INVESTMENTS—99.6%

 

5,723,209,271‌

 

 

 

(Cost $5,304,814,447)

 

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET—0.4%

 

22,404,326‌

 

 

 

NET ASSETS—100.0%

$

5,745,613,597‌

 

 

 

ETF

Exchange Traded Fund

 

 

 

aThe Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, the affiliated Nuveen Growth Opportunities ETF, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.

bRestricted security. At 2/28/22, the total value of this security amounted to $281,157,956 or 4.9% of net assets.

7

TIAA-CREF LIFECYCLE FUNDS - Lifecycle 2040 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2040 FUND

SCHEDULE OF INVESTMENTS (unaudited)

February 28, 2022

SHARES

 

 

SECURITY

 

 

VALUE

 

AFFILIATED INVESTMENT COMPANIES—99.8%a

 

 

 

DIRECT REAL ESTATE—4.9%

TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/07/22; cost $277,269,391)

$

332,422,879‌

25,930,022

 

b

 

 

 

 

 

 

 

 

 

 

TOTAL DIRECT REAL ESTATE

 

332,422,879‌

FIXED INCOME—17.1%

 

 

 

 

 

 

59,775,536

 

 

TIAA-CREF Core Bond Fund

 

611,503,731‌

36,875,156

 

 

TIAA-CREF Core Plus Bond Fund

 

378,707,853‌

5,931,668

 

 

TIAA-CREF Emerging Markets Debt Fund

 

53,681,598‌

6,301,207

 

 

TIAA-CREF High-Yield Fund

 

58,097,125‌

6,415,254

 

 

TIAA-CREF International Bond Fund

 

60,431,691‌

 

 

 

TOTAL FIXED INCOME

 

1,162,421,998‌

INTERNATIONAL EQUITY—27.1%

 

 

 

 

8,280,261

 

 

Nuveen International Growth Fund

 

393,809,198‌

26,382,507

 

 

TIAA-CREF Emerging Markets Equity Fund

 

232,429,888‌

43,246,912

 

 

TIAA-CREF International Equity Fund

 

548,803,315‌

25,792,436

 

 

TIAA-CREF International Opportunities Fund

 

398,235,211‌

24,620,860

 

 

TIAA-CREF Quant International Small-Cap Equity Fund

 

266,151,500‌

 

 

 

TOTAL INTERNATIONAL EQUITY

 

1,839,429,112‌

U.S. EQUITY—50.7%

 

 

 

 

 

 

9,034,405

 

 

Nuveen Dividend Growth Fund

 

485,779,970‌

35,090,833

 

 

Nuveen Dividend Value Fund

 

531,977,034‌

24,190,016

 

 

Nuveen Growth Opportunities ETF

 

543,791,560‌

31,253,911

 

 

TIAA-CREF Growth & Income Fund

 

492,561,639‌

26,055,315

 

 

TIAA-CREF Large-Cap Growth Fund

 

542,211,104‌

25,409,079

 

 

TIAA-CREF Large-Cap Value Fund

 

533,336,561‌

7,869,674

 

 

TIAA-CREF Quant Small-Cap Equity Fund

 

140,316,290‌

11,628,752

 

 

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

166,291,159‌

 

 

 

TOTAL U.S. EQUITY

 

3,436,265,317‌

 

 

 

 

 

 

 

 

 

 

TOTAL AFFILIATED INVESTMENT COMPANIES

 

6,770,539,306‌

 

 

 

(Cost $6,202,865,071)

 

 

 

 

 

 

TOTAL INVESTMENTS—99.8%

 

6,770,539,306‌

 

 

 

(Cost $6,202,865,071)

 

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET—0.2%

 

15,862,041‌

 

 

 

NET ASSETS—100.0%

$

6,786,401,347‌

 

 

 

ETF

Exchange Traded Fund

 

 

 

aThe Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, the affiliated Nuveen Growth Opportunities ETF, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.

bRestricted security. At 2/28/22, the total value of this security amounted to $332,422,879 or 4.9% of net assets.

8

TIAA-CREF LIFECYCLE FUNDS - Lifecycle 2045 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2045 FUND

SCHEDULE OF INVESTMENTS (unaudited)

February 28, 2022

SHARES

 

SECURITY

 

 

VALUE

 

AFFILIATED INVESTMENT COMPANIES—99.8%a

 

 

 

DIRECT REAL ESTATE—4.9%

TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/07/22; cost $186,133,287)

$

221,323,269‌

17,263,906

b

 

 

 

 

 

 

 

 

TOTAL DIRECT REAL ESTATE

 

221,323,269‌

FIXED INCOME—8.1%

 

 

 

 

 

 

18,857,212

 

TIAA-CREF Core Bond Fund

 

192,909,280‌

11,669,086

 

TIAA-CREF Core Plus Bond Fund

 

119,841,518‌

1,877,176

 

TIAA-CREF Emerging Markets Debt Fund

 

16,988,445‌

1,991,957

 

TIAA-CREF High-Yield Fund

 

18,365,840‌

2,020,759

 

TIAA-CREF International Bond Fund

 

19,035,552‌

 

 

TOTAL FIXED INCOME

 

367,140,635‌

INTERNATIONAL EQUITY—30.3%

 

 

 

 

6,152,888

 

Nuveen International Growth Fund

 

292,631,357‌

19,602,759

 

TIAA-CREF Emerging Markets Equity Fund

 

172,700,304‌

32,134,134

 

TIAA-CREF International Equity Fund

 

407,782,165‌

19,229,816

 

TIAA-CREF International Opportunities Fund

 

296,908,354‌

18,277,752

 

TIAA-CREF Quant International Small-Cap Equity Fund

 

197,582,497‌

 

 

TOTAL INTERNATIONAL EQUITY

 

1,367,604,677‌

U.S. EQUITY—56.5%

 

 

 

 

 

 

6,769,058

 

Nuveen Dividend Growth Fund

 

363,972,255‌

26,085,256

 

Nuveen Dividend Value Fund

 

395,452,479‌

17,961,360

 

Nuveen Growth Opportunities ETF

 

403,771,373‌

23,198,657

 

TIAA-CREF Growth & Income Fund

 

365,610,832‌

19,341,086

 

TIAA-CREF Large-Cap Growth Fund

 

402,487,993‌

18,873,405

 

TIAA-CREF Large-Cap Value Fund

 

396,152,768‌

5,885,958

 

TIAA-CREF Quant Small-Cap Equity Fund

 

104,946,627‌

8,637,019

 

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

123,509,365‌

 

 

TOTAL U.S. EQUITY

 

2,555,903,692‌

 

 

 

 

 

 

 

 

TOTAL AFFILIATED INVESTMENT COMPANIES

 

4,511,972,273‌

 

 

(Cost $4,053,816,907)

 

 

 

 

 

TOTAL INVESTMENTS—99.8%

 

4,511,972,273‌

 

 

(Cost $4,053,816,907)

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET—0.2%

 

11,290,686‌

 

 

NET ASSETS—100.0%

$

4,523,262,959‌

 

 

ETF

Exchange Traded Fund

 

 

 

aThe Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, the affiliated Nuveen Growth Opportunities ETF, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.

bRestricted security. At 2/28/22, the total value of this security amounted to $221,323,269 or 4.9% of net assets.

9

TIAA-CREF LIFECYCLE FUNDS - Lifecycle 2050 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2050 FUND

SCHEDULE OF INVESTMENTS (unaudited)

February 28, 2022

SHARES

 

SECURITY

 

 

VALUE

 

AFFILIATED INVESTMENT COMPANIES—99.7%a

 

 

 

DIRECT REAL ESTATE—4.9%

TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/07/22; cost $138,268,225)

$

163,710,384‌

12,769,921

b

 

 

 

 

 

 

 

 

TOTAL DIRECT REAL ESTATE

 

163,710,384‌

FIXED INCOME—4.3%

 

 

 

 

 

 

7,504,790

 

TIAA-CREF Core Bond Fund

 

76,774,002‌

4,639,458

 

TIAA-CREF Core Plus Bond Fund

 

47,647,229‌

743,554

 

TIAA-CREF Emerging Markets Debt Fund

 

6,729,164‌

790,341

 

TIAA-CREF High-Yield Fund

 

7,286,941‌

798,339

 

TIAA-CREF International Bond Fund

 

7,520,351‌

 

 

TOTAL FIXED INCOME

 

145,957,687‌

INTERNATIONAL EQUITY—31.5%

 

 

 

 

4,749,308

 

Nuveen International Growth Fund

 

225,877,097‌

15,139,782

 

TIAA-CREF Emerging Markets Equity Fund

 

133,381,481‌

24,797,178

 

TIAA-CREF International Equity Fund

 

314,676,187‌

14,864,266

 

TIAA-CREF International Opportunities Fund

 

229,504,265‌

14,093,003

 

TIAA-CREF Quant International Small-Cap Equity Fund

 

152,345,357‌

 

 

TOTAL INTERNATIONAL EQUITY

 

1,055,784,387‌

U.S. EQUITY—59.0%

 

 

 

 

 

 

5,228,931

 

Nuveen Dividend Growth Fund

 

281,159,624‌

20,133,551

 

Nuveen Dividend Value Fund

 

305,224,638‌

13,862,459

 

Nuveen Growth Opportunities ETF

 

311,628,078‌

17,898,693

 

TIAA-CREF Growth & Income Fund

 

282,083,406‌

14,934,855

 

TIAA-CREF Large-Cap Growth Fund

 

310,794,330‌

14,568,026

 

TIAA-CREF Large-Cap Value Fund

 

305,782,869‌

4,542,643

 

TIAA-CREF Quant Small-Cap Equity Fund

 

80,995,323‌

6,657,784

 

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

95,206,309‌

 

 

TOTAL U.S. EQUITY

 

1,972,874,577‌

 

 

 

 

 

 

 

 

TOTAL AFFILIATED INVESTMENT COMPANIES

 

3,338,327,035‌

 

 

(Cost $3,027,713,983)

 

 

 

 

 

TOTAL INVESTMENTS—99.7%

 

3,338,327,035‌

 

 

(Cost $3,027,713,983)

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET—0.3%

 

8,710,519‌

 

 

NET ASSETS—100.0%

$

3,347,037,554‌

 

 

ETF

Exchange Traded Fund

 

 

 

aThe Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, the affiliated Nuveen Growth Opportunities ETF, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.

bRestricted security. At 2/28/22, the total value of this security amounted to $163,710,384 or 4.9% of net assets.

10

TIAA-CREF LIFECYCLE FUNDS - Lifecycle 2055 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2055 FUND

SCHEDULE OF INVESTMENTS (unaudited)

February 28, 2022

SHARES

 

SECURITY

 

 

VALUE

 

AFFILIATED INVESTMENT COMPANIES—99.7%a

 

 

 

DIRECT REAL ESTATE—4.9%

TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/07/22; cost $61,339,064)

$

71,842,321‌

5,603,925

b

 

 

 

 

 

 

 

 

TOTAL DIRECT REAL ESTATE

 

71,842,321‌

FIXED INCOME—3.2%

 

 

 

 

 

 

2,387,339

 

TIAA-CREF Core Bond Fund

 

24,422,474‌

1,475,050

 

TIAA-CREF Core Plus Bond Fund

 

15,148,760‌

237,216

 

TIAA-CREF Emerging Markets Debt Fund

 

2,146,802‌

251,683

 

TIAA-CREF High-Yield Fund

 

2,320,514‌

252,004

 

TIAA-CREF International Bond Fund

 

2,373,876‌

 

 

TOTAL FIXED INCOME

 

46,412,426‌

INTERNATIONAL EQUITY—32.0%

 

 

 

 

2,115,114

 

Nuveen International Growth Fund

 

100,594,828‌

6,749,210

 

TIAA-CREF Emerging Markets Equity Fund

 

59,460,538‌

11,048,766

 

TIAA-CREF International Equity Fund

 

140,208,842‌

6,639,406

 

TIAA-CREF International Opportunities Fund

 

102,512,429‌

6,253,433

 

TIAA-CREF Quant International Small-Cap Equity Fund

 

67,599,613‌

 

 

TOTAL INTERNATIONAL EQUITY

 

470,376,250‌

U.S. EQUITY—59.6%

 

 

 

 

 

 

2,323,924

 

Nuveen Dividend Growth Fund

 

124,957,403‌

8,946,048

 

Nuveen Dividend Value Fund

 

135,622,090‌

6,160,604

 

Nuveen Growth Opportunities ETF

 

138,490,378‌

7,951,582

 

TIAA-CREF Growth & Income Fund

 

125,316,940‌

6,639,056

 

TIAA-CREF Large-Cap Growth Fund

 

138,158,752‌

6,481,703

 

TIAA-CREF Large-Cap Value Fund

 

136,050,940‌

2,019,449

 

TIAA-CREF Quant Small-Cap Equity Fund

 

36,006,776‌

2,964,770

 

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

42,396,206‌

 

 

TOTAL U.S. EQUITY

 

876,999,485‌

 

 

 

 

 

 

 

 

TOTAL AFFILIATED INVESTMENT COMPANIES

 

1,465,630,482‌

 

 

(Cost $1,368,437,603)

 

 

 

 

 

TOTAL INVESTMENTS—99.7%

 

1,465,630,482‌

 

 

(Cost $1,368,437,603)

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET—0.3%

 

4,883,387‌

 

 

NET ASSETS—100.0%

$

1,470,513,869‌

 

 

ETF

Exchange Traded Fund

 

 

 

aThe Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, the affiliated Nuveen Growth Opportunities ETF, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.

bRestricted security. At 2/28/22, the total value of this security amounted to $71,842,321 or 4.9% of net assets.

11

TIAA-CREF LIFECYCLE FUNDS - Lifecycle 2060 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2060 FUND

SCHEDULE OF INVESTMENTS (unaudited)

February 28, 2022

SHARES

 

SECURITY

 

 

VALUE

 

AFFILIATED INVESTMENT COMPANIES—99.5%a

 

 

 

DIRECT REAL ESTATE—4.9%

TIAA-CREF Real Property Fund LP (purchased 8/01/16-2/25/22; cost $19,406,752)

$

22,446,800‌

1,750,920

b

 

 

 

 

 

 

 

 

TOTAL DIRECT REAL ESTATE

 

22,446,800‌

FIXED INCOME—1.9%

 

 

 

 

 

 

452,022

 

TIAA-CREF Core Bond Fund

 

4,624,181‌

278,409

 

TIAA-CREF Core Plus Bond Fund

 

2,859,260‌

44,797

 

TIAA-CREF Emerging Markets Debt Fund

 

405,410‌

47,593

 

TIAA-CREF High-Yield Fund

 

438,806‌

46,979

 

TIAA-CREF International Bond Fund

 

442,543‌

 

 

TOTAL FIXED INCOME

 

8,770,200‌

INTERNATIONAL EQUITY—32.4%

 

 

 

 

674,847

 

Nuveen International Growth Fund

 

32,095,722‌

2,135,505

 

TIAA-CREF Emerging Markets Equity Fund

 

18,813,800‌

3,508,749

 

TIAA-CREF International Equity Fund

 

44,526,024‌

2,103,685

 

TIAA-CREF International Opportunities Fund

 

32,480,895‌

1,977,571

 

TIAA-CREF Quant International Small-Cap Equity Fund

 

21,377,546‌

 

 

TOTAL INTERNATIONAL EQUITY

 

149,293,987‌

U.S. EQUITY—60.3%

 

 

 

 

 

 

734,258

 

Nuveen Dividend Growth Fund

 

39,481,055‌

2,837,282

 

Nuveen Dividend Value Fund

 

43,013,194‌

1,947,745

 

Nuveen Growth Opportunities ETF

 

43,785,308‌

2,514,524

 

TIAA-CREF Growth & Income Fund

 

39,628,899‌

2,108,012

 

TIAA-CREF Large-Cap Growth Fund

 

43,867,723‌

2,054,154

 

TIAA-CREF Large-Cap Value Fund

 

43,116,683‌

638,336

 

TIAA-CREF Quant Small-Cap Equity Fund

 

11,381,532‌

938,231

 

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

13,416,703‌

 

 

TOTAL U.S. EQUITY

 

277,691,097‌

 

 

 

 

 

 

 

 

TOTAL AFFILIATED INVESTMENT COMPANIES

 

458,202,084‌

 

 

(Cost $446,216,377)

 

 

 

 

 

TOTAL INVESTMENTS—99.5%

 

458,202,084‌

 

 

(Cost $446,216,377)

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET—0.5%

 

2,161,868‌

 

 

NET ASSETS—100.0%

$

460,363,952‌

 

 

ETF

Exchange Traded Fund

 

 

 

aThe Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, the affiliated Nuveen Growth Opportunities ETF, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.

bRestricted security. At 2/28/22, the total value of this security amounted to $22,446,800 or 4.9% of net assets.

12

TIAA-CREF LIFECYCLE FUNDS - Lifecycle 2065 Fund

TIAA-CREF LIFECYCLE FUNDS

LIFECYCLE 2065 FUND

SCHEDULE OF INVESTMENTS (unaudited)

February 28, 2022

SHARES

 

SECURITY

 

 

VALUE

 

AFFILIATED INVESTMENT COMPANIES—98.5%a

 

 

 

DIRECT REAL ESTATE—4.8%

TIAA-CREF Real Property Fund LP (purchased 9/30/20-2/25/22; cost $551,029)

$

622,539‌

48,560

b

 

 

 

 

 

 

 

 

TOTAL DIRECT REAL ESTATE

 

622,539‌

FIXED INCOME—0.6%

 

 

 

 

 

 

4,012

 

TIAA-CREF Core Bond Fund

 

41,041‌

2,449

 

TIAA-CREF Core Plus Bond Fund

 

25,156‌

399

 

TIAA-CREF Emerging Markets Debt Fund

 

3,608‌

423

 

TIAA-CREF High-Yield Fund

 

3,904‌

430

 

TIAA-CREF International Bond Fund

 

4,054‌

 

 

TOTAL FIXED INCOME

 

77,763‌

INTERNATIONAL EQUITY—32.6%

 

 

 

 

19,056

 

Nuveen International Growth Fund

 

906,312‌

60,234

 

TIAA-CREF Emerging Markets Equity Fund

 

530,665‌

98,852

 

TIAA-CREF International Equity Fund

 

1,254,432‌

59,205

 

TIAA-CREF International Opportunities Fund

 

914,131‌

55,485

 

TIAA-CREF Quant International Small-Cap Equity Fund

 

599,790‌

 

 

TOTAL INTERNATIONAL EQUITY

 

4,205,330‌

U.S. EQUITY—60.5%

 

 

 

 

 

 

20,686

 

Nuveen Dividend Growth Fund

 

1,112,290‌

80,040

 

Nuveen Dividend Value Fund

 

1,213,408‌

54,551

 

Nuveen Growth Opportunities ETF

 

1,226,306‌

70,943

 

TIAA-CREF Growth & Income Fund

 

1,118,054‌

59,422

 

TIAA-CREF Large-Cap Growth Fund

 

1,236,577‌

57,843

 

TIAA-CREF Large-Cap Value Fund

 

1,214,125‌

17,941

 

TIAA-CREF Quant Small-Cap Equity Fund

 

319,886‌

26,400

 

TIAA-CREF Quant Small/Mid-Cap Equity Fund

 

377,513‌

 

 

TOTAL U.S. EQUITY

 

7,818,159‌

 

 

 

 

 

 

 

 

TOTAL AFFILIATED INVESTMENT COMPANIES

 

12,723,791‌

 

 

(Cost $13,148,936)

 

 

 

 

 

TOTAL INVESTMENTS—98.5%

 

12,723,791‌

 

 

(Cost $13,148,936)

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET—1.5%

 

198,408‌

 

 

NET ASSETS—100.0%

$

12,922,199‌

 

 

ETF

Exchange Traded Fund

 

 

 

aThe Fund invests its assets in the affiliated TIAA-CREF Real Property Fund LP, the affiliated Nuveen Growth Opportunities ETF, Class W shares of the affiliated TIAA-CREF Funds and Class R6 shares of the affiliated Nuveen Funds.

bRestricted security. At 2/28/22, the total value of this security amounted to $622,539 or 4.8% 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 three-tiered hierarchy of valuation input levels:

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

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

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

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.

The following table summarizes the market value of the Funds’ investments as of February 28, 2022, based on the inputs used to value them:

 

 

 

 

 

 

 

Fair value

 

 

 

 

 

 

 

 

 

using practical

 

 

Fund

Level 1

 

Level 2

 

Level 3

 

expedienta

 

Total

Lifecycle Retirement Income

 

 

 

 

 

 

 

 

 

Registered investment companies

$ 568,497,238

$

$

$

$

568,497,238

TIAA-CREF Real Property Fund LP

 

 

 

29,490,034

 

29,490,034

Total

$ 568,497,238

$

$

$

29,490,034

$

597,987,272

Lifecycle 2010

 

 

 

 

 

 

 

 

 

Registered investment companies

$1,082,896,329

$

$

$

$

1,082,896,329

TIAA-CREF Real Property Fund LP

 

 

 

46,892,665

 

46,892,665

Total

$1,082,896,329

$

$

$

46,892,665

$

1,129,788,994

Lifecycle 2015

 

 

 

 

 

 

 

 

 

Registered investment companies

$1,525,298,451

$

$

$

$

1,525,298,451

TIAA-CREF Real Property Fund LP

 

 

 

79,107,571

 

79,107,571

Total

$1,525,298,451

$

$

$

79,107,571

$

1,604,406,022

Lifecycle 2020

 

 

 

 

 

 

 

 

 

Registered investment companies

$3,371,262,784

$

$

$

$

3,371,262,784

TIAA-CREF Real Property Fund LP

 

 

 

174,730,768

 

174,730,768

Total

$3,371,262,784

$

$

$

174,730,768

$

3,545,993,552

Lifecycle 2025

 

 

 

 

 

 

 

 

 

Registered investment companies

$4,854,112,742

$

$

$

$

4,854,112,742

TIAA-CREF Real Property Fund LP

 

 

 

251,280,557

 

251,280,557

Total

$4,854,112,742

$

$

$

251,280,557

$

5,105,393,299

14

TIAA-CREF LIFECYCLE FUNDS - Notes to schedules of investments (unaudited)

 

 

 

 

 

 

 

 

Fair value

 

 

 

 

 

 

 

 

 

 

using practical

 

 

Fund

 

Level 1

 

Level 2

 

Level 3

 

expedienta

 

Total

Lifecycle 2030

 

 

 

 

 

 

 

 

 

 

Registered investment companies

$

5,275,759,207

$

$

$

$

5,275,759,207

TIAA-CREF Real Property Fund LP

 

 

 

 

272,785,734

 

272,785,734

Total

$

5,275,759,207

$

$

$

272,785,734

$

5,548,544,941

Lifecycle 2035

 

 

 

 

 

 

 

 

 

 

Registered investment companies

$

5,442,051,315

$

$

$

$

5,442,051,315

TIAA-CREF Real Property Fund LP

 

 

 

 

281,157,956

 

281,157,956

Total

$

5,442,051,315

$

$

$

281,157,956

$

5,723,209,271

Lifecycle 2040

 

 

 

 

 

 

 

 

 

 

Registered investment companies

$

6,438,116,427

$

$

$

$

6,438,116,427

TIAA-CREF Real Property Fund LP

 

 

 

 

332,422,879

 

332,422,879

Total

$

6,438,116,427

$

$

$

332,422,879

$

6,770,539,306

Lifecycle 2045

 

 

 

 

 

 

 

 

 

 

Registered investment companies

$

4,290,649,004

$

$

$

$

4,290,649,004

TIAA-CREF Real Property Fund LP

 

 

 

 

221,323,269

 

221,323,269

Total

$

4,290,649,004

$

$

$

221,323,269

$

4,511,972,273

Lifecycle 2050

 

 

 

 

 

 

 

 

 

 

Registered investment companies

$

3,174,616,651

$

$

$

$

3,174,616,651

TIAA-CREF Real Property Fund LP

 

 

 

 

163,710,384

 

163,710,384

Total

$

3,174,616,651

$

$

$

163,710,384

$

3,338,327,035

Lifecycle 2055

 

 

 

 

 

 

 

 

 

 

Registered investment companies

$

1,393,788,161

$

$

$

$

1,393,788,161

TIAA-CREF Real Property Fund LP

 

 

 

 

71,842,321

 

71,842,321

Total

$

1,393,788,161

$

$

$

71,842,321

$

1,465,630,482

Lifecycle 2060

 

 

 

 

 

 

 

 

 

 

Registered investment companies

$

435,755,284

$

$

$

$

435,755,284

TIAA-CREF Real Property Fund LP

 

 

 

 

22,446,800

 

22,446,800

Total

$

435,755,284

$

$

$

22,446,800

$

458,202,084

Lifecycle 2065

 

 

 

 

 

 

 

 

 

 

Registered investment companies

$

12,101,252

$

$

$

$

12,101,252

TIAA-CREF Real Property Fund LP

 

 

 

 

622,539

 

622,539

Total

$

12,101,252

$

$

$

622,539

$

12,723,791

aIn 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 Statements of assets and liabilities.

A10998-B (4/22)

15