NPORT-EX 2 tiaa_C083.htm
Portfolio
of
investments
(unaudited)
Lifecycle
Index
Retirement
Income
Fund
August
31,
2022
1
TIAA-CREF
Lifecycle
Index
Funds
SHARES
SECURITY
VALUE
AFFILIATED
INVESTMENT
COMPANIES—100.1%
a
FIXED
INCOME—40.1%
23,725,153
TIAA-CREF
Bond
Index
Fund
$
232,743,754‌
TOTAL
FIXED
INCOME
232,743,754‌
INFLATION-PROTECTED
ASSETS—10.0%
5,155,491
TIAA-CREF
Inflation-Linked
Bond
Fund
58,205,492‌
TOTAL
INFLATION-PROTECTED
ASSETS
58,205,492‌
INTERNATIONAL
EQUITY—13.9%
2,526,174
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
26,196,419‌
2,977,660
TIAA-CREF
International
Equity
Index
Fund
54,640,061‌
TOTAL
INTERNATIONAL
EQUITY
80,836,480‌
SHORT-TERM
FIXED
INCOME—10.2%
6,134,557
TIAA-CREF
Short-Term
Bond
Index
Fund
58,830,404‌
TOTAL
SHORT-TERM
FIXED
INCOME
58,830,404‌
U.S.
EQUITY—25.9%
5,282,383
TIAA-CREF
Equity
Index
Fund
150,178,141‌
TOTAL
U.S.
EQUITY
150,178,141‌
TOTAL
AFFILIATED
INVESTMENT
COMPANIES
580,794,271‌
(Cost
$548,669,033)
TOTAL
INVESTMENTS—100.1%
580,794,271‌
(Cost
$548,669,033)
OTHER
ASSETS
&
LIABILITIES,
NET—(0.1)%
(
552,221‌
)
NET
ASSETS—100.0%
$
580,242,050‌
a
The
Fund
invests
its
assets
in
Class
W
shares
of
the
affiliated
TIAA-CREF
Funds.
Lifecycle
Index
2010
Fund
August
31,
2022
Portfolio
of
investments
(unaudited)
2
TIAA-CREF
Lifecycle
Index
Funds
SHARES
SECURITY
VALUE
AFFILIATED
INVESTMENT
COMPANIES—99.9%
a
FIXED
INCOME—40.0%
24,642,609
TIAA-CREF
Bond
Index
Fund
$
241,743,990‌
TOTAL
FIXED
INCOME
241,743,990‌
INFLATION-PROTECTED
ASSETS—10.0%
5,356,049
TIAA-CREF
Inflation-Linked
Bond
Fund
60,469,792‌
TOTAL
INFLATION-PROTECTED
ASSETS
60,469,792‌
INTERNATIONAL
EQUITY—13.2%
2,490,461
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
25,826,082‌
2,928,900
TIAA-CREF
International
Equity
Index
Fund
53,745,312‌
TOTAL
INTERNATIONAL
EQUITY
79,571,394‌
SHORT-TERM
FIXED
INCOME—12.3%
7,728,314
TIAA-CREF
Short-Term
Bond
Index
Fund
74,114,532‌
TOTAL
SHORT-TERM
FIXED
INCOME
74,114,532‌
U.S.
EQUITY—24.4%
5,197,098
TIAA-CREF
Equity
Index
Fund
147,753,507‌
TOTAL
U.S.
EQUITY
147,753,507‌
TOTAL
AFFILIATED
INVESTMENT
COMPANIES
603,653,215‌
(Cost
$539,538,888)
TOTAL
INVESTMENTS—99.9%
603,653,215‌
(Cost
$539,538,888)
OTHER
ASSETS
&
LIABILITIES,
NET—0.1%
401,047‌
NET
ASSETS—100.0%
$
604,054,262‌
a
The
Fund
invests
its
assets
in
Class
W
shares
of
the
affiliated
TIAA-CREF
Funds.
Portfolio
of
investments
(unaudited)
Lifecycle
Index
2015
Fund
August
31,
2022
3
TIAA-CREF
Lifecycle
Index
Funds
SHARES
SECURITY
VALUE
AFFILIATED
INVESTMENT
COMPANIES—99.9%
a
FIXED
INCOME—39.5%
42,614,530
TIAA-CREF
Bond
Index
Fund
$
418,048,543‌
TOTAL
FIXED
INCOME
418,048,543‌
INFLATION-PROTECTED
ASSETS—8.9%
8,316,667
TIAA-CREF
Inflation-Linked
Bond
Fund
93,895,176‌
TOTAL
INFLATION-PROTECTED
ASSETS
93,895,176‌
INTERNATIONAL
EQUITY—14.9%
4,950,536
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
51,337,054‌
5,818,981
TIAA-CREF
International
Equity
Index
Fund
106,778,299‌
TOTAL
INTERNATIONAL
EQUITY
158,115,353‌
SHORT-TERM
FIXED
INCOME—8.9%
9,897,229
TIAA-CREF
Short-Term
Bond
Index
Fund
94,914,429‌
TOTAL
SHORT-TERM
FIXED
INCOME
94,914,429‌
U.S.
EQUITY—27.7%
10,323,200
TIAA-CREF
Equity
Index
Fund
293,488,581‌
TOTAL
U.S.
EQUITY
293,488,581‌
TOTAL
AFFILIATED
INVESTMENT
COMPANIES
1,058,462,082‌
(Cost
$923,305,758)
TOTAL
INVESTMENTS—99.9%
1,058,462,082‌
(Cost
$923,305,758)
OTHER
ASSETS
&
LIABILITIES,
NET—0.1%
607,120‌
NET
ASSETS—100.0%
$
1,059,069,202‌
a
The
Fund
invests
its
assets
in
Class
W
shares
of
the
affiliated
TIAA-CREF
Funds.
Lifecycle
Index
2020
Fund
August
31,
2022
Portfolio
of
investments
(unaudited)
4
TIAA-CREF
Lifecycle
Index
Funds
SHARES
SECURITY
VALUE
AFFILIATED
INVESTMENT
COMPANIES—100.0%
a
FIXED
INCOME—38.5%
116,636,585
TIAA-CREF
Bond
Index
Fund
$
1,144,204,896‌
TOTAL
FIXED
INCOME
1,144,204,896‌
INFLATION-PROTECTED
ASSETS—6.9%
18,077,248
TIAA-CREF
Inflation-Linked
Bond
Fund
204,092,126‌
TOTAL
INFLATION-PROTECTED
ASSETS
204,092,126‌
INTERNATIONAL
EQUITY—16.7%
15,535,320
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
161,101,270‌
18,251,370
TIAA-CREF
International
Equity
Index
Fund
334,912,634‌
TOTAL
INTERNATIONAL
EQUITY
496,013,904‌
SHORT-TERM
FIXED
INCOME—6.9%
21,512,762
TIAA-CREF
Short-Term
Bond
Index
Fund
206,307,386‌
TOTAL
SHORT-TERM
FIXED
INCOME
206,307,386‌
U.S.
EQUITY—31.0%
32,372,577
TIAA-CREF
Equity
Index
Fund
920,352,377‌
TOTAL
U.S.
EQUITY
920,352,377‌
TOTAL
AFFILIATED
INVESTMENT
COMPANIES
2,970,970,689‌
(Cost
$2,633,649,206)
TOTAL
INVESTMENTS—100.0%
2,970,970,689‌
(Cost
$2,633,649,206)
OTHER
ASSETS
&
LIABILITIES,
NET—0.0%
(
597,540‌
)
NET
ASSETS—100.0%
$
2,970,373,149‌
a
The
Fund
invests
its
assets
in
Class
W
shares
of
the
affiliated
TIAA-CREF
Funds.
Portfolio
of
investments
(unaudited)
Lifecycle
Index
2025
Fund
August
31,
2022
5
TIAA-CREF
Lifecycle
Index
Funds
SHARES
SECURITY
VALUE
AFFILIATED
INVESTMENT
COMPANIES—99.9%
a
FIXED
INCOME—35.8%
182,784,128
TIAA-CREF
Bond
Index
Fund
$
1,793,112,291‌
TOTAL
FIXED
INCOME
1,793,112,291‌
INFLATION-PROTECTED
ASSETS—4.8%
21,586,970
TIAA-CREF
Inflation-Linked
Bond
Fund
243,716,894‌
TOTAL
INFLATION-PROTECTED
ASSETS
243,716,894‌
INTERNATIONAL
EQUITY—19.1%
29,897,434
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
310,036,391‌
35,139,461
TIAA-CREF
International
Equity
Index
Fund
644,809,118‌
TOTAL
INTERNATIONAL
EQUITY
954,845,509‌
SHORT-TERM
FIXED
INCOME—4.9%
25,700,656
TIAA-CREF
Short-Term
Bond
Index
Fund
246,469,287‌
TOTAL
SHORT-TERM
FIXED
INCOME
246,469,287‌
U.S.
EQUITY—35.3%
62,275,720
TIAA-CREF
Equity
Index
Fund
1,770,498,712‌
TOTAL
U.S.
EQUITY
1,770,498,712‌
TOTAL
AFFILIATED
INVESTMENT
COMPANIES
5,008,642,693‌
(Cost
$4,511,667,081)
TOTAL
INVESTMENTS—99.9%
5,008,642,693‌
(Cost
$4,511,667,081)
OTHER
ASSETS
&
LIABILITIES,
NET—0.1%
4,874,739‌
NET
ASSETS—100.0%
$
5,013,517,432‌
a
The
Fund
invests
its
assets
in
Class
W
shares
of
the
affiliated
TIAA-CREF
Funds.
Lifecycle
Index
2030
Fund
August
31,
2022
Portfolio
of
investments
(unaudited)
6
TIAA-CREF
Lifecycle
Index
Funds
SHARES
SECURITY
VALUE
AFFILIATED
INVESTMENT
COMPANIES—99.9%
a
FIXED
INCOME—31.8%
194,372,712
TIAA-CREF
Bond
Index
Fund
$
1,906,796,300‌
TOTAL
FIXED
INCOME
1,906,796,300‌
INFLATION-PROTECTED
ASSETS—2.9%
15,187,167
TIAA-CREF
Inflation-Linked
Bond
Fund
171,463,115‌
TOTAL
INFLATION-PROTECTED
ASSETS
171,463,115‌
INTERNATIONAL
EQUITY—21.8%
40,944,662
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
424,596,144‌
48,216,894
TIAA-CREF
International
Equity
Index
Fund
884,780,000‌
TOTAL
INTERNATIONAL
EQUITY
1,309,376,144‌
SHORT-TERM
FIXED
INCOME—2.9%
18,080,932
TIAA-CREF
Short-Term
Bond
Index
Fund
173,396,136‌
TOTAL
SHORT-TERM
FIXED
INCOME
173,396,136‌
U.S.
EQUITY—40.5%
85,467,049
TIAA-CREF
Equity
Index
Fund
2,429,828,206‌
TOTAL
U.S.
EQUITY
2,429,828,206‌
TOTAL
AFFILIATED
INVESTMENT
COMPANIES
5,990,859,901‌
(Cost
$5,341,850,515)
TOTAL
INVESTMENTS—99.9%
5,990,859,901‌
(Cost
$5,341,850,515)
OTHER
ASSETS
&
LIABILITIES,
NET—0.1%
8,018,113‌
NET
ASSETS—100.0%
$
5,998,878,014‌
a
The
Fund
invests
its
assets
in
Class
W
shares
of
the
affiliated
TIAA-CREF
Funds.
Portfolio
of
investments
(unaudited)
Lifecycle
Index
2035
Fund
August
31,
2022
7
TIAA-CREF
Lifecycle
Index
Funds
SHARES
SECURITY
VALUE
AFFILIATED
INVESTMENT
COMPANIES—99.9%
a
FIXED
INCOME—27.8%
164,713,350
TIAA-CREF
Bond
Index
Fund
$
1,615,837,965‌
TOTAL
FIXED
INCOME
1,615,837,965‌
INFLATION-PROTECTED
ASSETS—0.8%
4,417,136
TIAA-CREF
Inflation-Linked
Bond
Fund
49,869,462‌
TOTAL
INFLATION-PROTECTED
ASSETS
49,869,462‌
INTERNATIONAL
EQUITY—24.7%
44,834,349
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
464,932,203‌
52,740,342
TIAA-CREF
International
Equity
Index
Fund
967,785,285‌
TOTAL
INTERNATIONAL
EQUITY
1,432,717,488‌
SHORT-TERM
FIXED
INCOME—0.9%
5,249,712
TIAA-CREF
Short-Term
Bond
Index
Fund
50,344,741‌
TOTAL
SHORT-TERM
FIXED
INCOME
50,344,741‌
U.S.
EQUITY—45.7%
93,493,144
TIAA-CREF
Equity
Index
Fund
2,658,010,074‌
TOTAL
U.S.
EQUITY
2,658,010,074‌
TOTAL
AFFILIATED
INVESTMENT
COMPANIES
5,806,779,730‌
(Cost
$5,090,380,704)
TOTAL
INVESTMENTS—99.9%
5,806,779,730‌
(Cost
$5,090,380,704)
OTHER
ASSETS
&
LIABILITIES,
NET—0.1%
6,166,233‌
NET
ASSETS—100.0%
$
5,812,945,963‌
a
The
Fund
invests
its
assets
in
Class
W
shares
of
the
affiliated
TIAA-CREF
Funds.
Lifecycle
Index
2040
Fund
August
31,
2022
Portfolio
of
investments
(unaudited)
8
TIAA-CREF
Lifecycle
Index
Funds
SHARES
SECURITY
VALUE
AFFILIATED
INVESTMENT
COMPANIES—99.9%
a
FIXED
INCOME—21.5%
131,113,430
TIAA-CREF
Bond
Index
Fund
$
1,286,222,744‌
TOTAL
FIXED
INCOME
1,286,222,744‌
INTERNATIONAL
EQUITY—27.5%
51,457,511
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
533,614,390‌
60,457,117
TIAA-CREF
International
Equity
Index
Fund
1,109,388,106‌
TOTAL
INTERNATIONAL
EQUITY
1,643,002,496‌
U.S.
EQUITY—50.9%
107,228,268
TIAA-CREF
Equity
Index
Fund
3,048,499,668‌
TOTAL
U.S.
EQUITY
3,048,499,668‌
TOTAL
AFFILIATED
INVESTMENT
COMPANIES
5,977,724,908‌
(Cost
$5,078,150,157)
TOTAL
INVESTMENTS—99.9%
5,977,724,908‌
(Cost
$5,078,150,157)
OTHER
ASSETS
&
LIABILITIES,
NET—0.1%
6,799,737‌
NET
ASSETS—100.0%
$
5,984,524,645‌
a
The
Fund
invests
its
assets
in
Class
W
shares
of
the
affiliated
TIAA-CREF
Funds.
Portfolio
of
investments
(unaudited)
Lifecycle
Index
2045
Fund
August
31,
2022
9
TIAA-CREF
Lifecycle
Index
Funds
SHARES
SECURITY
VALUE
AFFILIATED
INVESTMENT
COMPANIES—99.8%
a
FIXED
INCOME—13.5%
62,850,678
TIAA-CREF
Bond
Index
Fund
$
616,565,148‌
TOTAL
FIXED
INCOME
616,565,148‌
INTERNATIONAL
EQUITY—30.2%
43,281,340
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
448,827,500‌
50,990,607
TIAA-CREF
International
Equity
Index
Fund
935,677,638‌
TOTAL
INTERNATIONAL
EQUITY
1,384,505,138‌
U.S.
EQUITY—56.1%
90,430,344
TIAA-CREF
Equity
Index
Fund
2,570,934,690‌
TOTAL
U.S.
EQUITY
2,570,934,690‌
TOTAL
AFFILIATED
INVESTMENT
COMPANIES
4,572,004,976‌
(Cost
$3,934,345,112)
TOTAL
INVESTMENTS—99.8%
4,572,004,976‌
(Cost
$3,934,345,112)
OTHER
ASSETS
&
LIABILITIES,
NET—0.2%
8,430,574‌
NET
ASSETS—100.0%
$
4,580,435,550‌
a
The
Fund
invests
its
assets
in
Class
W
shares
of
the
affiliated
TIAA-CREF
Funds.
Lifecycle
Index
2050
Fund
August
31,
2022
Portfolio
of
investments
(unaudited)
10
TIAA-CREF
Lifecycle
Index
Funds
SHARES
SECURITY
VALUE
AFFILIATED
INVESTMENT
COMPANIES—99.9%
a
FIXED
INCOME—9.3%
35,952,072
TIAA-CREF
Bond
Index
Fund
$
352,689,829‌
TOTAL
FIXED
INCOME
352,689,829‌
INTERNATIONAL
EQUITY—31.7%
37,504,251
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
388,919,083‌
44,131,211
TIAA-CREF
International
Equity
Index
Fund
809,807,723‌
TOTAL
INTERNATIONAL
EQUITY
1,198,726,806‌
U.S.
EQUITY—58.9%
78,271,465
TIAA-CREF
Equity
Index
Fund
2,225,257,741‌
TOTAL
U.S.
EQUITY
2,225,257,741‌
TOTAL
AFFILIATED
INVESTMENT
COMPANIES
3,776,674,376‌
(Cost
$3,273,936,241)
TOTAL
INVESTMENTS—99.9%
3,776,674,376‌
(Cost
$3,273,936,241)
OTHER
ASSETS
&
LIABILITIES,
NET—0.1%
5,381,606‌
NET
ASSETS—100.0%
$
3,782,055,982‌
a
The
Fund
invests
its
assets
in
Class
W
shares
of
the
affiliated
TIAA-CREF
Funds.
Portfolio
of
investments
(unaudited)
Lifecycle
Index
2055
Fund
August
31,
2022
11
TIAA-CREF
Lifecycle
Index
Funds
SHARES
SECURITY
VALUE
AFFILIATED
INVESTMENT
COMPANIES—99.8%
a
FIXED
INCOME—8.1%
16,736,741
TIAA-CREF
Bond
Index
Fund
$
164,187,432‌
TOTAL
FIXED
INCOME
164,187,432‌
INTERNATIONAL
EQUITY—32.1%
20,469,874
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
212,272,592‌
24,068,437
TIAA-CREF
International
Equity
Index
Fund
441,655,813‌
TOTAL
INTERNATIONAL
EQUITY
653,928,405‌
U.S.
EQUITY—59.6%
42,676,661
TIAA-CREF
Equity
Index
Fund
1,213,297,464‌
TOTAL
U.S.
EQUITY
1,213,297,464‌
TOTAL
AFFILIATED
INVESTMENT
COMPANIES
2,031,413,301‌
(Cost
$1,845,024,005)
TOTAL
INVESTMENTS—99.8%
2,031,413,301‌
(Cost
$1,845,024,005)
OTHER
ASSETS
&
LIABILITIES,
NET—0.2%
3,372,006‌
NET
ASSETS—100.0%
$
2,034,785,307‌
a
The
Fund
invests
its
assets
in
Class
W
shares
of
the
affiliated
TIAA-CREF
Funds.
Lifecycle
Index
2060
Fund
August
31,
2022
Portfolio
of
investments
(unaudited)
12
TIAA-CREF
Lifecycle
Index
Funds
SHARES
SECURITY
VALUE
AFFILIATED
INVESTMENT
COMPANIES—99.8%
a
FIXED
INCOME—6.8%
6,668,780
TIAA-CREF
Bond
Index
Fund
$
65,420,735‌
TOTAL
FIXED
INCOME
65,420,735‌
INTERNATIONAL
EQUITY—32.6%
9,803,399
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
101,661,245‌
11,512,835
TIAA-CREF
International
Equity
Index
Fund
211,260,518‌
TOTAL
INTERNATIONAL
EQUITY
312,921,763‌
U.S.
EQUITY—60.4%
20,410,409
TIAA-CREF
Equity
Index
Fund
580,267,934‌
TOTAL
U.S.
EQUITY
580,267,934‌
TOTAL
AFFILIATED
INVESTMENT
COMPANIES
958,610,432‌
(Cost
$928,682,981)
TOTAL
INVESTMENTS—99.8%
958,610,432‌
(Cost
$928,682,981)
OTHER
ASSETS
&
LIABILITIES,
NET—0.2%
1,927,722‌
NET
ASSETS—100.0%
$
960,538,154‌
a
The
Fund
invests
its
assets
in
Class
W
shares
of
the
affiliated
TIAA-CREF
Funds.
Portfolio
of
investments
(unaudited)
Lifecycle
Index
2065
Fund
August
31,
2022
13
TIAA-CREF
Lifecycle
Index
Funds
SHARES
SECURITY
VALUE
AFFILIATED
INVESTMENT
COMPANIES—99.5%
a
FIXED
INCOME—5.5%
328,323
TIAA-CREF
Bond
Index
Fund
$
3,220,849‌
TOTAL
FIXED
INCOME
3,220,849‌
INTERNATIONAL
EQUITY—33.0%
602,808
TIAA-CREF
Emerging
Markets
Equity
Index
Fund
6,251,122‌
705,618
TIAA-CREF
International
Equity
Index
Fund
12,948,089‌
TOTAL
INTERNATIONAL
EQUITY
19,199,211‌
U.S.
EQUITY—61.0%
1,249,811
TIAA-CREF
Equity
Index
Fund
35,532,121‌
TOTAL
U.S.
EQUITY
35,532,121‌
TOTAL
AFFILIATED
INVESTMENT
COMPANIES
57,952,181‌
(Cost
$63,010,673)
TOTAL
INVESTMENTS—99.5%
57,952,181‌
(Cost
$63,010,673)
OTHER
ASSETS
&
LIABILITIES,
NET—0.5%
297,714‌
NET
ASSETS—100.0%
$
58,249,895‌
a
The
Fund
invests
its
assets
in
Class
W
shares
of
the
affiliated
TIAA-CREF
Funds.
TIAA-CREF
Lifecycle
Index
Funds
August
31,
2022
Notes
to
portfolios
of
investments
(unaudited)
14
TIAA-CREF
Lifecycle
Index
Funds
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).
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.
As
of
August
31,
2022
,
all
of
the
investments
in
the
Funds
were
valued
based
on
Level
1
inputs.
A12147-D
(10/22)