Portfolio

of

Investments

(unaudited)

Lifecycle

Retirement

Income

Fund

August

31,

2022

1

Lifecycle

Retirement

Income

Fund

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%

a

DIRECT

REAL

ESTATE—5.8%

2,218,556

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/22;

cost

$23,659,718)

$

29,040,899‌

TOTAL

DIRECT

REAL

ESTATE

29,040,899‌

FIXED

INCOME—40.5%

11,104,946

TIAA-CREF

Core

Bond

Fund

103,387,049‌

6,968,683

TIAA-CREF

Core

Plus

Bond

Fund

65,017,814‌

1,374,254

TIAA-CREF

Emerging

Markets

Debt

Fund

10,939,062‌

1,487,244

TIAA-CREF

High-Yield

Fund

12,358,997‌

1,220,411

TIAA-CREF

International

Bond

Fund

10,422,314‌

TOTAL

FIXED

INCOME

202,125,236‌

INFLATION-PROTECTED

ASSETS—10.0%

4,428,796

TIAA-CREF

Inflation-Linked

Bond

Fund

50,001,111‌

TOTAL

INFLATION-PROTECTED

ASSETS

50,001,111‌

INTERNATIONAL

EQUITY—11.9%

299,676

Nuveen

International

Growth

Fund

12,082,927‌

1,024,075

TIAA-CREF

Emerging

Markets

Equity

Fund

7,772,728‌

1,664,444

TIAA-CREF

International

Equity

Fund

18,308,882‌

961,154

TIAA-CREF

International

Opportunities

Fund

12,716,066‌

911,447

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

8,549,373‌

TOTAL

INTERNATIONAL

EQUITY

59,429,976‌

SHORT-TERM

FIXED

INCOME—10.1%

5,083,826

TIAA-CREF

Short-Term

Bond

Fund

50,482,388‌

TOTAL

SHORT-TERM

FIXED

INCOME

50,482,388‌

U.S.

EQUITY—21.6%

291,792

Nuveen

Dividend

Growth

Fund

14,723,816‌

1,241,431

Nuveen

Dividend

Value

Fund

17,653,149‌

830,643

Nuveen

Growth

Opportunities

ETF

15,715,766‌

1,050,835

TIAA-CREF

Growth

&

Income

Fund

14,564,569‌

897,620

TIAA-CREF

Large-Cap

Growth

Fund

15,735,275‌

914,307

TIAA-CREF

Large-Cap

Value

Fund

17,646,116‌

273,346

TIAA-CREF

Quant

Small-Cap

Equity

Fund

4,474,681‌

592,090

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

7,655,726‌

TOTAL

U.S.

EQUITY

108,169,098‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

499,248,708‌

(Cost

$501,307,900)

TOTAL

INVESTMENTS—99.9%

499,248,708‌

(Cost

$501,307,900)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

299,878‌

NET

ASSETS—100.0%

$

499,548,586‌

ETF

Exchange

Traded

Fund

a

The

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.

b

Restricted

security.

At

8/31/22,

the

total

value

of

this

security

amounted

to

$29,040,899

or

5.8%

of

net

assets.

Lifecycle

2010

Fund

August

31,

2022

Portfolio

of

Investments

(unaudited)

2

Lifecycle

2010

Fund

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%

a

DIRECT

REAL

ESTATE—4.6%

3,392,595

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

7/01/16-8/30/22;

cost

$35,228,745)

$

44,409,063‌

TOTAL

DIRECT

REAL

ESTATE

44,409,063‌

FIXED

INCOME—40.4%

21,447,240

TIAA-CREF

Core

Bond

Fund

199,673,803‌

13,466,598

TIAA-CREF

Core

Plus

Bond

Fund

125,643,356‌

2,656,864

TIAA-CREF

Emerging

Markets

Debt

Fund

21,148,638‌

2,873,329

TIAA-CREF

High-Yield

Fund

23,877,367‌

2,357,566

TIAA-CREF

International

Bond

Fund

20,133,616‌

TOTAL

FIXED

INCOME

390,476,780‌

INFLATION-PROTECTED

ASSETS—10.0%

8,558,663

TIAA-CREF

Inflation-Linked

Bond

Fund

96,627,309‌

TOTAL

INFLATION-PROTECTED

ASSETS

96,627,309‌

INTERNATIONAL

EQUITY—11.6%

565,723

Nuveen

International

Growth

Fund

22,809,940‌

1,925,416

TIAA-CREF

Emerging

Markets

Equity

Fund

14,613,905‌

3,131,042

TIAA-CREF

International

Equity

Fund

34,441,462‌

1,806,054

TIAA-CREF

International

Opportunities

Fund

23,894,090‌

1,709,961

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

16,039,436‌

TOTAL

INTERNATIONAL

EQUITY

111,798,833‌

SHORT-TERM

FIXED

INCOME—12.3%

11,930,129

TIAA-CREF

Short-Term

Bond

Fund

118,466,177‌

TOTAL

SHORT-TERM

FIXED

INCOME

118,466,177‌

U.S.

EQUITY—21.0%

541,962

Nuveen

Dividend

Growth

Fund

27,347,405‌

2,335,875

Nuveen

Dividend

Value

Fund

33,216,141‌

1,559,217

Nuveen

Growth

Opportunities

ETF

29,500,386‌

1,970,458

TIAA-CREF

Growth

&

Income

Fund

27,310,544‌

1,680,070

TIAA-CREF

Large-Cap

Growth

Fund

29,451,628‌

1,720,120

TIAA-CREF

Large-Cap

Value

Fund

33,198,313‌

513,910

TIAA-CREF

Quant

Small-Cap

Equity

Fund

8,412,709‌

1,123,045

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

14,520,974‌

TOTAL

U.S.

EQUITY

202,958,100‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

964,736,262‌

(Cost

$943,802,824)

TOTAL

INVESTMENTS—99.9%

964,736,262‌

(Cost

$943,802,824)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

749,101‌

NET

ASSETS—100.0%

$

965,485,363‌

ETF

Exchange

Traded

Fund

a

The

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.

b

Restricted

security.

At

8/31/22,

the

total

value

of

this

security

amounted

to

$44,409,063

or

4.6%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2015

Fund

August

31,

2022

3

Lifecycle

2015

Fund

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%

a

DIRECT

REAL

ESTATE—5.8%

6,038,903

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

11/28/16-8/30/22;

cost

$63,666,570)

$

79,049,243‌

TOTAL

DIRECT

REAL

ESTATE

79,049,243‌

FIXED

INCOME—39.9%

29,777,465

TIAA-CREF

Core

Bond

Fund

277,228,203‌

18,711,833

TIAA-CREF

Core

Plus

Bond

Fund

174,581,404‌

3,691,835

TIAA-CREF

Emerging

Markets

Debt

Fund

29,387,005‌

4,005,606

TIAA-CREF

High-Yield

Fund

33,286,582‌

3,274,852

TIAA-CREF

International

Bond

Fund

27,967,239‌

TOTAL

FIXED

INCOME

542,450,433‌

INFLATION-PROTECTED

ASSETS—8.9%

10,673,637

TIAA-CREF

Inflation-Linked

Bond

Fund

120,505,361‌

TOTAL

INFLATION-PROTECTED

ASSETS

120,505,361‌

INTERNATIONAL

EQUITY—12.9%

887,887

Nuveen

International

Growth

Fund

35,799,619‌

3,015,905

TIAA-CREF

Emerging

Markets

Equity

Fund

22,890,715‌

4,909,044

TIAA-CREF

International

Equity

Fund

53,999,481‌

2,836,915

TIAA-CREF

International

Opportunities

Fund

37,532,387‌

2,682,496

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

25,161,816‌

TOTAL

INTERNATIONAL

EQUITY

175,384,018‌

SHORT-TERM

FIXED

INCOME—8.9%

12,261,225

TIAA-CREF

Short-Term

Bond

Fund

121,753,968‌

TOTAL

SHORT-TERM

FIXED

INCOME

121,753,968‌

U.S.

EQUITY—23.5%

858,591

Nuveen

Dividend

Growth

Fund

43,324,526‌

3,651,887

Nuveen

Dividend

Value

Fund

51,929,834‌

2,467,860

Nuveen

Growth

Opportunities

ETF

46,691,911‌

3,125,497

TIAA-CREF

Growth

&

Income

Fund

43,319,385‌

2,672,419

TIAA-CREF

Large-Cap

Growth

Fund

46,847,510‌

2,689,590

TIAA-CREF

Large-Cap

Value

Fund

51,909,091‌

806,298

TIAA-CREF

Quant

Small-Cap

Equity

Fund

13,199,092‌

1,703,124

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

22,021,389‌

TOTAL

U.S.

EQUITY

319,242,738‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

1,358,385,761‌

(Cost

$1,394,961,327)

TOTAL

INVESTMENTS—99.9%

1,358,385,761‌

(Cost

$1,394,961,327)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

686,293‌

NET

ASSETS—100.0%

$

1,359,072,054‌

ETF

Exchange

Traded

Fund

a

The

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.

b

Restricted

security.

At

8/31/22,

the

total

value

of

this

security

amounted

to

$79,049,243

or

5.8%

of

net

assets.

Lifecycle

2020

Fund

August

31,

2022

Portfolio

of

Investments

(unaudited)

4

Lifecycle

2020

Fund

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%

a

DIRECT

REAL

ESTATE—5.8%

13,375,161

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

11/28/16-8/30/22;

cost

$141,574,475)

$

175,080,852‌

TOTAL

DIRECT

REAL

ESTATE

175,080,852‌

FIXED

INCOME—38.9%

64,230,297

TIAA-CREF

Core

Bond

Fund

597,984,066‌

40,379,396

TIAA-CREF

Core

Plus

Bond

Fund

376,739,761‌

7,989,310

TIAA-CREF

Emerging

Markets

Debt

Fund

63,594,911‌

8,695,476

TIAA-CREF

High-Yield

Fund

72,259,409‌

7,066,398

TIAA-CREF

International

Bond

Fund

60,347,039‌

TOTAL

FIXED

INCOME

1,170,925,186‌

INFLATION-PROTECTED

ASSETS—6.9%

18,292,477

TIAA-CREF

Inflation-Linked

Bond

Fund

206,522,065‌

TOTAL

INFLATION-PROTECTED

ASSETS

206,522,065‌

INTERNATIONAL

EQUITY—14.6%

2,228,493

Nuveen

International

Growth

Fund

89,852,831‌

7,544,810

TIAA-CREF

Emerging

Markets

Equity

Fund

57,265,108‌

12,304,117

TIAA-CREF

International

Equity

Fund

135,345,286‌

7,118,788

TIAA-CREF

International

Opportunities

Fund

94,181,572‌

6,739,326

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

63,214,877‌

TOTAL

INTERNATIONAL

EQUITY

439,859,674‌

SHORT-TERM

FIXED

INCOME—6.9%

21,008,155

TIAA-CREF

Short-Term

Bond

Fund

208,610,982‌

TOTAL

SHORT-TERM

FIXED

INCOME

208,610,982‌

U.S.

EQUITY—26.8%

2,176,115

Nuveen

Dividend

Growth

Fund

109,806,747‌

9,140,792

Nuveen

Dividend

Value

Fund

129,982,065‌

6,300,240

Nuveen

Growth

Opportunities

ETF

119,200,541‌

7,910,316

TIAA-CREF

Growth

&

Income

Fund

109,636,973‌

6,793,681

TIAA-CREF

Large-Cap

Growth

Fund

119,093,229‌

6,730,761

TIAA-CREF

Large-Cap

Value

Fund

129,903,685‌

2,025,232

TIAA-CREF

Quant

Small-Cap

Equity

Fund

33,153,055‌

4,120,779

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

53,281,671‌

TOTAL

U.S.

EQUITY

804,057,966‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

3,005,056,725‌

(Cost

$3,072,964,232)

TOTAL

INVESTMENTS—99.9%

3,005,056,725‌

(Cost

$3,072,964,232)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

3,182,621‌

NET

ASSETS—100.0%

$

3,008,239,346‌

ETF

Exchange

Traded

Fund

a

The

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.

b

Restricted

security.

At

8/31/22,

the

total

value

of

this

security

amounted

to

$175,080,852

or

5.8%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2025

Fund

August

31,

2022

5

Lifecycle

2025

Fund

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%

a

DIRECT

REAL

ESTATE—5.8%

19,551,801

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/22;

cost

$208,871,668)

$

255,933,076‌

TOTAL

DIRECT

REAL

ESTATE

255,933,076‌

FIXED

INCOME—35.5%

85,523,419

TIAA-CREF

Core

Bond

Fund

796,223,033‌

53,847,631

TIAA-CREF

Core

Plus

Bond

Fund

502,398,394‌

10,822,907

TIAA-CREF

Emerging

Markets

Debt

Fund

86,150,343‌

11,761,904

TIAA-CREF

High-Yield

Fund

97,741,420‌

9,423,040

TIAA-CREF

International

Bond

Fund

80,472,763‌

TOTAL

FIXED

INCOME

1,562,985,953‌

INFLATION-PROTECTED

ASSETS—4.9%

18,928,298

TIAA-CREF

Inflation-Linked

Bond

Fund

213,700,483‌

TOTAL

INFLATION-PROTECTED

ASSETS

213,700,483‌

INTERNATIONAL

EQUITY—17.2%

3,831,047

Nuveen

International

Growth

Fund

154,467,824‌

13,024,497

TIAA-CREF

Emerging

Markets

Equity

Fund

98,855,934‌

21,215,636

TIAA-CREF

International

Equity

Fund

233,371,996‌

12,251,291

TIAA-CREF

International

Opportunities

Fund

162,084,581‌

11,609,514

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

108,897,246‌

TOTAL

INTERNATIONAL

EQUITY

757,677,581‌

SHORT-TERM

FIXED

INCOME—4.9%

21,755,485

TIAA-CREF

Short-Term

Bond

Fund

216,031,969‌

TOTAL

SHORT-TERM

FIXED

INCOME

216,031,969‌

U.S.

EQUITY—31.6%

3,785,968

Nuveen

Dividend

Growth

Fund

191,039,955‌

15,653,946

Nuveen

Dividend

Value

Fund

222,599,113‌

10,961,192

Nuveen

Growth

Opportunities

ETF

207,385,753‌

13,750,454

TIAA-CREF

Growth

&

Income

Fund

190,581,288‌

11,859,055

TIAA-CREF

Large-Cap

Growth

Fund

207,889,227‌

11,521,717

TIAA-CREF

Large-Cap

Value

Fund

222,369,141‌

3,482,095

TIAA-CREF

Quant

Small-Cap

Equity

Fund

57,001,887‌

6,789,272

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

87,785,286‌

TOTAL

U.S.

EQUITY

1,386,651,650‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

4,392,980,712‌

(Cost

$4,488,309,961)

TOTAL

INVESTMENTS—99.9%

4,392,980,712‌

(Cost

$4,488,309,961)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

4,713,784‌

NET

ASSETS—100.0%

$

4,397,694,496‌

ETF

Exchange

Traded

Fund

a

The

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.

b

Restricted

security.

At

8/31/22,

the

total

value

of

this

security

amounted

to

$255,933,076

or

5.8%

of

net

assets.

Lifecycle

2030

Fund

August

31,

2022

Portfolio

of

Investments

(unaudited)

6

Lifecycle

2030

Fund

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%

a

DIRECT

REAL

ESTATE—5.8%

21,628,543

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/22;

cost

$232,929,676)

$

283,117,627‌

TOTAL

DIRECT

REAL

ESTATE

283,117,627‌

FIXED

INCOME—30.4%

80,425,206

TIAA-CREF

Core

Bond

Fund

748,758,664‌

50,718,176

TIAA-CREF

Core

Plus

Bond

Fund

473,200,583‌

10,456,503

TIAA-CREF

Emerging

Markets

Debt

Fund

83,233,767‌

11,612,914

TIAA-CREF

High-Yield

Fund

96,503,313‌

8,885,246

TIAA-CREF

International

Bond

Fund

75,880,000‌

TOTAL

FIXED

INCOME

1,477,576,327‌

INFLATION-PROTECTED

ASSETS—2.9%

12,299,502

TIAA-CREF

Inflation-Linked

Bond

Fund

138,861,380‌

TOTAL

INFLATION-PROTECTED

ASSETS

138,861,380‌

INTERNATIONAL

EQUITY—20.4%

5,005,926

Nuveen

International

Growth

Fund

201,838,921‌

17,061,318

TIAA-CREF

Emerging

Markets

Equity

Fund

129,495,400‌

27,808,348

TIAA-CREF

International

Equity

Fund

305,891,833‌

16,008,910

TIAA-CREF

International

Opportunities

Fund

211,797,881‌

15,197,346

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

142,551,101‌

TOTAL

INTERNATIONAL

EQUITY

991,575,136‌

SHORT-TERM

FIXED

INCOME—2.9%

14,134,821

TIAA-CREF

Short-Term

Bond

Fund

140,358,768‌

TOTAL

SHORT-TERM

FIXED

INCOME

140,358,768‌

U.S.

EQUITY—37.5%

4,998,151

Nuveen

Dividend

Growth

Fund

252,206,694‌

20,422,289

Nuveen

Dividend

Value

Fund

290,404,953‌

14,533,924

Nuveen

Growth

Opportunities

ETF

274,981,842‌

18,180,688

TIAA-CREF

Growth

&

Income

Fund

251,984,333‌

15,764,105

TIAA-CREF

Large-Cap

Growth

Fund

276,344,765‌

15,040,884

TIAA-CREF

Large-Cap

Value

Fund

290,289,054‌

4,562,618

TIAA-CREF

Quant

Small-Cap

Equity

Fund

74,690,050‌

8,549,839

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

110,549,416‌

TOTAL

U.S.

EQUITY

1,821,451,107‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

4,852,940,345‌

(Cost

$4,955,222,221)

TOTAL

INVESTMENTS—99.9%

4,852,940,345‌

(Cost

$4,955,222,221)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

6,106,414‌

NET

ASSETS—100.0%

$

4,859,046,759‌

ETF

Exchange

Traded

Fund

a

The

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.

b

Restricted

security.

At

8/31/22,

the

total

value

of

this

security

amounted

to

$283,117,627

or

5.8%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2035

Fund

August

31,

2022

7

Lifecycle

2035

Fund

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%

a

DIRECT

REAL

ESTATE—5.8%

22,192,262

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/22;

cost

$238,740,120)

$

290,496,708‌

TOTAL

DIRECT

REAL

ESTATE

290,496,708‌

FIXED

INCOME—25.3%

68,004,037

TIAA-CREF

Core

Bond

Fund

633,117,584‌

43,059,741

TIAA-CREF

Core

Plus

Bond

Fund

401,747,381‌

9,240,888

TIAA-CREF

Emerging

Markets

Debt

Fund

73,557,470‌

10,288,211

TIAA-CREF

High-Yield

Fund

85,495,029‌

7,548,085

TIAA-CREF

International

Bond

Fund

64,460,645‌

TOTAL

FIXED

INCOME

1,258,378,109‌

INFLATION-PROTECTED

ASSETS—0.8%

3,771,465

TIAA-CREF

Inflation-Linked

Bond

Fund

42,579,836‌

TOTAL

INFLATION-PROTECTED

ASSETS

42,579,836‌

INTERNATIONAL

EQUITY—23.6%

5,937,851

Nuveen

International

Growth

Fund

239,414,160‌

20,228,868

TIAA-CREF

Emerging

Markets

Equity

Fund

153,537,106‌

32,982,304

TIAA-CREF

International

Equity

Fund

362,805,341‌

19,003,304

TIAA-CREF

International

Opportunities

Fund

251,413,708‌

17,992,638

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

168,770,941‌

TOTAL

INTERNATIONAL

EQUITY

1,175,941,256‌

SHORT-TERM

FIXED

INCOME—0.9%

4,331,008

TIAA-CREF

Short-Term

Bond

Fund

43,006,910‌

TOTAL

SHORT-TERM

FIXED

INCOME

43,006,910‌

U.S.

EQUITY—43.4%

5,973,290

Nuveen

Dividend

Growth

Fund

301,412,227‌

24,156,501

Nuveen

Dividend

Value

Fund

343,505,446‌

17,369,637

Nuveen

Growth

Opportunities

ETF

328,633,532‌

21,748,010

TIAA-CREF

Growth

&

Income

Fund

301,427,425‌

18,839,901

TIAA-CREF

Large-Cap

Growth

Fund

330,263,463‌

17,791,104

TIAA-CREF

Large-Cap

Value

Fund

343,368,316‌

5,416,572

TIAA-CREF

Quant

Small-Cap

Equity

Fund

88,669,287‌

9,843,160

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

127,272,053‌

TOTAL

U.S.

EQUITY

2,164,551,749‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

4,974,954,568‌

(Cost

$5,045,606,854)

TOTAL

INVESTMENTS—99.8%

4,974,954,568‌

(Cost

$5,045,606,854)

OTHER

ASSETS

&

LIABILITIES,

NET—0.2%

7,684,521‌

NET

ASSETS—100.0%

$

4,982,639,089‌

ETF

Exchange

Traded

Fund

a

The

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.

b

Restricted

security.

At

8/31/22,

the

total

value

of

this

security

amounted

to

$290,496,708

or

5.8%

of

net

assets.

Lifecycle

2040

Fund

August

31,

2022

Portfolio

of

Investments

(unaudited)

8

Lifecycle

2040

Fund

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%

a

DIRECT

REAL

ESTATE—5.9%

26,244,102

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/18/22;

cost

$281,876,356)

$

343,535,300‌

TOTAL

DIRECT

REAL

ESTATE

343,535,300‌

FIXED

INCOME—17.8%

55,527,768

TIAA-CREF

Core

Bond

Fund

516,963,517‌

35,539,298

TIAA-CREF

Core

Plus

Bond

Fund

331,581,650‌

8,280,385

TIAA-CREF

Emerging

Markets

Debt

Fund

65,911,865‌

9,627,406

TIAA-CREF

High-Yield

Fund

80,003,746‌

6,218,893

TIAA-CREF

International

Bond

Fund

53,109,345‌

TOTAL

FIXED

INCOME

1,047,570,123‌

INTERNATIONAL

EQUITY—26.8%

7,968,588

Nuveen

International

Growth

Fund

321,293,471‌

27,075,076

TIAA-CREF

Emerging

Markets

Equity

Fund

205,499,827‌

44,145,801

TIAA-CREF

International

Equity

Fund

485,603,815‌

25,518,609

TIAA-CREF

International

Opportunities

Fund

337,611,197‌

24,123,755

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

226,280,822‌

TOTAL

INTERNATIONAL

EQUITY

1,576,289,132‌

U.S.

EQUITY—49.4%

8,069,685

Nuveen

Dividend

Growth

Fund

407,196,283‌

32,344,896

Nuveen

Dividend

Value

Fund

459,944,418‌

23,398,641

Nuveen

Growth

Opportunities

ETF

442,702,288‌

29,316,617

TIAA-CREF

Growth

&

Income

Fund

406,328,305‌

25,440,921

TIAA-CREF

Large-Cap

Growth

Fund

445,979,340‌

23,814,609

TIAA-CREF

Large-Cap

Value

Fund

459,621,962‌

7,268,300

TIAA-CREF

Quant

Small-Cap

Equity

Fund

118,982,071‌

12,897,206

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

166,760,872‌

TOTAL

U.S.

EQUITY

2,907,515,539‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

5,874,910,094‌

(Cost

$5,904,685,793)

TOTAL

INVESTMENTS—99.9%

5,874,910,094‌

(Cost

$5,904,685,793)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

8,805,496‌

NET

ASSETS—100.0%

$

5,883,715,590‌

ETF

Exchange

Traded

Fund

a

The

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.

b

Restricted

security.

At

8/31/22,

the

total

value

of

this

security

amounted

to

$343,535,300

or

5.9%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2045

Fund

August

31,

2022

9

Lifecycle

2045

Fund

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%

a

DIRECT

REAL

ESTATE—5.8%

17,782,918

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/15/22;

cost

$193,328,005)

$

232,778,400‌

TOTAL

DIRECT

REAL

ESTATE

232,778,400‌

FIXED

INCOME—8.6%

16,967,963

TIAA-CREF

Core

Bond

Fund

157,971,736‌

11,306,442

TIAA-CREF

Core

Plus

Bond

Fund

105,489,100‌

3,423,101

TIAA-CREF

Emerging

Markets

Debt

Fund

27,247,885‌

4,335,472

TIAA-CREF

High-Yield

Fund

36,027,776‌

1,979,129

TIAA-CREF

International

Bond

Fund

16,901,763‌

TOTAL

FIXED

INCOME

343,638,260‌

INTERNATIONAL

EQUITY—30.0%

6,040,459

Nuveen

International

Growth

Fund

243,551,296‌

20,513,875

TIAA-CREF

Emerging

Markets

Equity

Fund

155,700,310‌

33,443,213

TIAA-CREF

International

Equity

Fund

367,875,341‌

19,327,825

TIAA-CREF

International

Opportunities

Fund

255,707,123‌

18,309,765

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

171,745,600‌

TOTAL

INTERNATIONAL

EQUITY

1,194,579,670‌

U.S.

EQUITY—55.4%

6,138,206

Nuveen

Dividend

Growth

Fund

309,733,885‌

24,470,000

Nuveen

Dividend

Value

Fund

347,963,399‌

17,807,035

Nuveen

Growth

Opportunities

ETF

336,909,102‌

22,299,932

TIAA-CREF

Growth

&

Income

Fund

309,077,057‌

19,391,769

TIAA-CREF

Large-Cap

Growth

Fund

339,937,709‌

18,021,611

TIAA-CREF

Large-Cap

Value

Fund

347,817,094‌

5,504,690

TIAA-CREF

Quant

Small-Cap

Equity

Fund

90,111,779‌

9,604,030

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

124,180,103‌

TOTAL

U.S.

EQUITY

2,205,730,128‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

3,976,726,458‌

(Cost

$3,930,970,886)

TOTAL

INVESTMENTS—99.8%

3,976,726,458‌

(Cost

$3,930,970,886)

OTHER

ASSETS

&

LIABILITIES,

NET—0.2%

6,733,407‌

NET

ASSETS—100.0%

$

3,983,459,865‌

ETF

Exchange

Traded

Fund

a

The

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.

b

Restricted

security.

At

8/31/22,

the

total

value

of

this

security

amounted

to

$232,778,400

or

5.8%

of

net

assets.

Lifecycle

2050

Fund

August

31,

2022

Portfolio

of

Investments

(unaudited)

10

Lifecycle

2050

Fund

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%

a

DIRECT

REAL

ESTATE—5.9%

13,421,732

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/15/22;

cost

$147,136,741)

$

175,690,471‌

TOTAL

DIRECT

REAL

ESTATE

175,690,471‌

FIXED

INCOME—4.0%

5,001,628

TIAA-CREF

Core

Bond

Fund

46,565,153‌

3,677,058

TIAA-CREF

Core

Plus

Bond

Fund

34,306,952‌

1,763,550

TIAA-CREF

Emerging

Markets

Debt

Fund

14,037,857‌

2,442,160

TIAA-CREF

High-Yield

Fund

20,294,351‌

640,595

TIAA-CREF

International

Bond

Fund

5,470,679‌

TOTAL

FIXED

INCOME

120,674,992‌

INTERNATIONAL

EQUITY—31.6%

4,797,333

Nuveen

International

Growth

Fund

193,428,482‌

16,295,730

TIAA-CREF

Emerging

Markets

Equity

Fund

123,684,593‌

26,556,149

TIAA-CREF

International

Equity

Fund

292,117,640‌

15,364,584

TIAA-CREF

International

Opportunities

Fund

203,273,448‌

14,547,359

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

136,454,230‌

TOTAL

INTERNATIONAL

EQUITY

948,958,393‌

U.S.

EQUITY—58.3%

4,886,475

Nuveen

Dividend

Growth

Fund

246,571,539‌

19,436,065

Nuveen

Dividend

Value

Fund

276,380,844‌

14,187,936

Nuveen

Growth

Opportunities

ETF

268,435,749‌

17,732,505

TIAA-CREF

Growth

&

Income

Fund

245,772,522‌

15,439,256

TIAA-CREF

Large-Cap

Growth

Fund

270,650,151‌

14,317,861

TIAA-CREF

Large-Cap

Value

Fund

276,334,718‌

4,380,180

TIAA-CREF

Quant

Small-Cap

Equity

Fund

71,703,554‌

7,574,391

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

97,936,880‌

TOTAL

U.S.

EQUITY

1,753,785,957‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

2,999,109,813‌

(Cost

$3,004,514,201)

TOTAL

INVESTMENTS—99.8%

2,999,109,813‌

(Cost

$3,004,514,201)

OTHER

ASSETS

&

LIABILITIES,

NET—0.2%

5,789,794‌

NET

ASSETS—100.0%

$

3,004,899,607‌

ETF

Exchange

Traded

Fund

a

The

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.

b

Restricted

security.

At

8/31/22,

the

total

value

of

this

security

amounted

to

$175,690,471

or

5.9%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2055

Fund

August

31,

2022

11

Lifecycle

2055

Fund

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%

a

DIRECT

REAL

ESTATE—5.8%

6,104,520

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/15/22;

cost

$68,064,674)

$

79,908,166‌

TOTAL

DIRECT

REAL

ESTATE

79,908,166‌

FIXED

INCOME—2.8%

1,306,409

TIAA-CREF

Core

Bond

Fund

12,162,671‌

1,067,479

TIAA-CREF

Core

Plus

Bond

Fund

9,959,582‌

701,060

TIAA-CREF

Emerging

Markets

Debt

Fund

5,580,440‌

1,006,624

TIAA-CREF

High-Yield

Fund

8,365,045‌

187,170

TIAA-CREF

International

Bond

Fund

1,598,431‌

TOTAL

FIXED

INCOME

37,666,169‌

INTERNATIONAL

EQUITY—32.0%

2,208,144

Nuveen

International

Growth

Fund

89,032,374‌

7,527,423

TIAA-CREF

Emerging

Markets

Equity

Fund

57,133,138‌

12,231,948

TIAA-CREF

International

Equity

Fund

134,551,433‌

7,104,738

TIAA-CREF

International

Opportunities

Fund

93,995,681‌

6,696,803

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

62,816,013‌

TOTAL

INTERNATIONAL

EQUITY

437,528,639‌

U.S.

EQUITY—59.2%

2,254,814

Nuveen

Dividend

Growth

Fund

113,777,928‌

8,961,015

Nuveen

Dividend

Value

Fund

127,425,629‌

6,545,824

Nuveen

Growth

Opportunities

ETF

123,846,990‌

8,171,954

TIAA-CREF

Growth

&

Income

Fund

113,263,286‌

7,117,073

TIAA-CREF

Large-Cap

Growth

Fund

124,762,286‌

6,598,771

TIAA-CREF

Large-Cap

Value

Fund

127,356,282‌

2,019,444

TIAA-CREF

Quant

Small-Cap

Equity

Fund

33,058,293‌

3,490,298

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

45,129,551‌

TOTAL

U.S.

EQUITY

808,620,245‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

1,363,723,219‌

(Cost

$1,407,293,293)

TOTAL

INVESTMENTS—99.8%

1,363,723,219‌

(Cost

$1,407,293,293)

OTHER

ASSETS

&

LIABILITIES,

NET—0.2%

3,389,692‌

NET

ASSETS—100.0%

$

1,367,112,911‌

ETF

Exchange

Traded

Fund

a

The

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.

b

Restricted

security.

At

8/31/22,

the

total

value

of

this

security

amounted

to

$79,908,166

or

5.8%

of

net

assets.

Lifecycle

2060

Fund

August

31,

2022

Portfolio

of

Investments

(unaudited)

12

Lifecycle

2060

Fund

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.7%

a

DIRECT

REAL

ESTATE—5.9%

2,019,911

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/22;

cost

$23,031,354)

$

26,440,640‌

TOTAL

DIRECT

REAL

ESTATE

26,440,640‌

FIXED

INCOME—1.5%

107,439

TIAA-CREF

Core

Bond

Fund

1,000,262‌

158,162

TIAA-CREF

Core

Plus

Bond

Fund

1,475,654‌

200,049

TIAA-CREF

Emerging

Markets

Debt

Fund

1,592,391‌

303,174

TIAA-CREF

High-Yield

Fund

2,519,376‌

27,718

TIAA-CREF

International

Bond

Fund

236,715‌

TOTAL

FIXED

INCOME

6,824,398‌

INTERNATIONAL

EQUITY—32.4%

735,792

Nuveen

International

Growth

Fund

29,667,152‌

2,542,404

TIAA-CREF

Emerging

Markets

Equity

Fund

19,296,850‌

4,102,409

TIAA-CREF

International

Equity

Fund

45,126,497‌

2,390,009

TIAA-CREF

International

Opportunities

Fund

31,619,817‌

2,248,148

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

21,087,627‌

TOTAL

INTERNATIONAL

EQUITY

146,797,943‌

U.S.

EQUITY—59.9%

757,223

Nuveen

Dividend

Growth

Fund

38,209,465‌

3,008,686

Nuveen

Dividend

Value

Fund

42,783,512‌

2,191,534

Nuveen

Growth

Opportunities

ETF

41,463,823‌

2,741,190

TIAA-CREF

Growth

&

Income

Fund

37,992,898‌

2,388,098

TIAA-CREF

Large-Cap

Growth

Fund

41,863,356‌

2,213,689

TIAA-CREF

Large-Cap

Value

Fund

42,724,197‌

676,930

TIAA-CREF

Quant

Small-Cap

Equity

Fund

11,081,346‌

1,164,654

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

15,058,977‌

TOTAL

U.S.

EQUITY

271,177,574‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

451,240,555‌

(Cost

$482,986,002)

TOTAL

INVESTMENTS—99.7%

451,240,555‌

(Cost

$482,986,002)

OTHER

ASSETS

&

LIABILITIES,

NET—0.3%

1,434,147‌

NET

ASSETS—100.0%

$

452,674,702‌

ETF

Exchange

Traded

Fund

a

The

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.

b

Restricted

security.

At

8/31/22,

the

total

value

of

this

security

amounted

to

$26,440,640

or

5.9%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2065

Fund

August

31,

2022

13

Lifecycle

2065

Fund

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.5%

a

DIRECT

REAL

ESTATE—5.8%

123,108

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

9/30/20-8/30/22;

cost

$1,533,181)

$

1,611,485‌

TOTAL

DIRECT

REAL

ESTATE

1,611,485‌

FIXED

INCOME—0.6%

17

TIAA-CREF

Core

Bond

Fund

157‌

204

TIAA-CREF

Core

Plus

Bond

Fund

1,902‌

385

TIAA-CREF

Emerging

Markets

Debt

Fund

3,062‌

18,074

TIAA-CREF

High-Yield

Fund

150,197‌

38

TIAA-CREF

International

Bond

Fund

328‌

TOTAL

FIXED

INCOME

155,646‌

INTERNATIONAL

EQUITY—32.7%

44,426

Nuveen

International

Growth

Fund

1,791,237‌

156,524

TIAA-CREF

Emerging

Markets

Equity

Fund

1,188,018‌

253,146

TIAA-CREF

International

Equity

Fund

2,784,611‌

148,276

TIAA-CREF

International

Opportunities

Fund

1,961,687‌

139,032

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

1,304,121‌

TOTAL

INTERNATIONAL

EQUITY

9,029,674‌

U.S.

EQUITY—60.4%

46,743

Nuveen

Dividend

Growth

Fund

2,358,676‌

185,148

Nuveen

Dividend

Value

Fund

2,632,811‌

133,991

Nuveen

Growth

Opportunities

ETF

2,535,110‌

168,969

TIAA-CREF

Growth

&

Income

Fund

2,341,915‌

147,251

TIAA-CREF

Large-Cap

Growth

Fund

2,581,303‌

137,335

TIAA-CREF

Large-Cap

Value

Fund

2,650,557‌

41,751

TIAA-CREF

Quant

Small-Cap

Equity

Fund

683,460‌

72,109

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

932,372‌

TOTAL

U.S.

EQUITY

16,716,204‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

27,513,009‌

(Cost

$30,257,150)

TOTAL

INVESTMENTS—99.5%

27,513,009‌

(Cost

$30,257,150)

OTHER

ASSETS

&

LIABILITIES,

NET—0.5%

145,585‌

NET

ASSETS—100.0%

$

27,658,594‌

ETF

Exchange

Traded

Fund

a

The

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.

b

Restricted

security.

At

8/31/22,

the

total

value

of

this

security

amounted

to

$1,611,485

or

5.8%

of

net

assets.

TIAA-CREF

Lifecycle

Funds

August

31,

2022

Notes

to

portfolios

of

investments

(unaudited)

14

Notes

to

portfolios

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

August

31,

2022

,

based

on

the

inputs

used

to

value

them:

Fund

Level

1

Level

2

Level

3

Fair

value

using

practical

expedient

a

Total

Lifecycle

Retirement

Income

Registered

investment

companies

$

470,207,809

$

—

$

—

$

—

$

470,207,809

TIAA-CREF

Real

Property

Fund

LP

—

—

—

29,040,899

29,040,899

Total

$

470,207,809

$

—

$

—

$

29,040,899

$

499,248,708

Lifecycle

2010

Registered

investment

companies

$

920,327,199

$

—

$

—

$

—

$

920,327,199

TIAA-CREF

Real

Property

Fund

LP

—

—

—

44,409,063

44,409,063

Total

$

920,327,199

$

—

$

—

$

44,409,063

$

964,736,262

Lifecycle

2015

Registered

investment

companies

$

1,279,336,518

$

—

$

—

$

—

$

1,279,336,518

TIAA-CREF

Real

Property

Fund

LP

—

—

—

79,049,243

79,049,243

Total

$

1,279,336,518

$

—

$

—

$

79,049,243

$

1,358,385,761

Lifecycle

2020

Registered

investment

companies

$

2,829,975,873

$

—

$

—

$

—

$

2,829,975,873

TIAA-CREF

Real

Property

Fund

LP

—

—

—

175,080,852

175,080,852

Total

$

2,829,975,873

$

—

$

—

$

175,080,852

$

3,005,056,725

Lifecycle

2025

Registered

investment

companies

$

4,137,047,636

$

—

$

—

$

—

$

4,137,047,636

TIAA-CREF

Real

Property

Fund

LP

—

—

—

255,933,076

255,933,076

Total

$

4,137,047,636

$

—

$

—

$

255,933,076

$

4,392,980,712

Notes

to

portfolios

of

investments

(unaudited)

TIAA-CREF

Lifecycle

Funds

August

31,

2022

15

Notes

to

portfolios

of

investments

(unaudited)

concluded

Fund

Level

1

Level

2

Level

3

Fair

value

using

practical

expedient

a

Total

Lifecycle

2030

Registered

investment

companies

$

4,569,822,718

$

—

$

—

$

—

$

4,569,822,718

TIAA-CREF

Real

Property

Fund

LP

—

—

—

283,117,627

283,117,627

Total

$

4,569,822,718

$

—

$

—

$

283,117,627

$

4,852,940,345

Lifecycle

2035

Registered

investment

companies

$

4,684,457,860

$

—

$

—

$

—

$

4,684,457,860

TIAA-CREF

Real

Property

Fund

LP

—

—

—

290,496,708

290,496,708

Total

$

4,684,457,860

$

—

$

—

$

290,496,708

$

4,974,954,568

Lifecycle

2040

Registered

investment

companies

$

5,531,374,794

$

—

$

—

$

—

$

5,531,374,794

TIAA-CREF

Real

Property

Fund

LP

—

—

—

343,535,300

343,535,300

Total

$

5,531,374,794

$

—

$

—

$

343,535,300

$

5,874,910,094

Lifecycle

2045

Registered

investment

companies

$

3,743,948,058

$

—

$

—

$

—

$

3,743,948,058

TIAA-CREF

Real

Property

Fund

LP

—

—

—

232,778,400

232,778,400

Total

$

3,743,948,058

$

—

$

—

$

232,778,400

$

3,976,726,458

Lifecycle

2050

Registered

investment

companies

$

2,823,419,342

$

—

$

—

$

—

$

2,823,419,342

TIAA-CREF

Real

Property

Fund

LP

—

—

—

175,690,471

175,690,471

Total

$

2,823,419,342

$

—

$

—

$

175,690,471

$

2,999,109,813

Lifecycle

2055

Registered

investment

companies

$

1,283,815,053

$

—

$

—

$

—

$

1,283,815,053

TIAA-CREF

Real

Property

Fund

LP

—

—

—

79,908,166

79,908,166

Total

$

1,283,815,053

$

—

$

—

$

79,908,166

$

1,363,723,219

Lifecycle

2060

Registered

investment

companies

$

424,799,915

$

—

$

—

$

—

$

424,799,915

TIAA-CREF

Real

Property

Fund

LP

—

—

—

26,440,640

26,440,640

Total

$

424,799,915

$

—

$

—

$

26,440,640

$

451,240,555

Lifecycle

2065

Registered

investment

companies

$

25,901,524

$

—

$

—

$

—

$

25,901,524

TIAA-CREF

Real

Property

Fund

LP

—

—

—

1,611,485

1,611,485

Total

$

25,901,524

$

—

$

—

$

1,611,485

$

27,513,009

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

Statements

of

assets

and

liabilities.

A10998-D

(10/22)