Portfolio

of

investments

(unaudited)

Real

Estate

Securities

Fund

December

31,

2022

1

TIAA-CREF

Funds

December

31,

2022

SHARES

COMPANY

VALUE

COMMON

STOCKS

-

97.9%

HEALTH

CARE

REITS

-

6

.3

%

2,050,000

Healthpeak

Properties

Inc

$

51,393,500‌

1,050,000

Ventas,

Inc

47,302,500‌

1,400,000

Welltower,

Inc

91,770,000‌

TOTAL

HEALTH

CARE

REITS

190,466,000‌

HOTEL

&

RESORT

REITS

-

2

.2

%

2,600,000

Host

Hotels

and

Resorts,

Inc

41,730,000‌

300,000

Ryman

Hospitality

Properties

24,534,000‌

TOTAL

HOTEL

&

RESORT

REITS

66,264,000‌

INDUSTRIAL

REITS

-

17

.9

%

200,000

EastGroup

Properties,

Inc

29,612,000‌

200,000

Innovative

Industrial

Properties,

Inc

20,270,000‌

3,100,000

Prologis,

Inc

349,463,000‌

1,700,000

Rexford

Industrial

Realty,

Inc

92,888,000‌

900,000

Terreno

Realty

Corp

51,183,000‌

TOTAL

INDUSTRIAL

REITS

543,416,000‌

OFFICE

REITS

-

3

.8

%

625,000

Alexandria

Real

Estate

Equities,

Inc

91,043,750‌

200,000

Boston

Properties,

Inc

13,516,000‌

450,000

Vornado

Realty

Trust

9,364,500‌

TOTAL

OFFICE

REITS

113,924,250‌

RESIDENTIAL

REITS

-

22

.4

%

2,750,000

American

Homes

4

Rent

82,885,000‌

820,000

AvalonBay

Communities,

Inc

132,446,400‌

1,300,000

Equity

Lifestyle

Properties,

Inc

83,980,000‌

1,700,000

Equity

Residential

100,300,000‌

260,000

Essex

Property

Trust,

Inc

55,099,200‌

1,750,000

Independence

Realty

Trust,

Inc

29,505,000‌

500,000

Invitation

Homes,

Inc

14,820,000‌

525,000

Mid-America

Apartment

Communities,

Inc

82,419,750‌

700,000

Sun

Communities,

Inc

100,100,000‌

TOTAL

RESIDENTIAL

REITS

681,555,350‌

RETAIL

REITS

-

18

.5

%

425,000

Agree

Realty

Corp

30,145,250‌

2,650,000

Brixmor

Property

Group,

Inc

60,075,500‌

3,700,000

Kimco

Realty

Corp

78,366,000‌

2,250,000

Kite

Realty

Group

Trust

47,362,500‌

1,100,000

Realty

Income

Corp

69,773,000‌

1,150,000

Regency

Centers

Corp

71,875,000‌

1,525,000

Simon

Property

Group,

Inc

179,157,000‌

650,000

Spirit

Realty

Capital,

Inc

25,954,500‌

TOTAL

RETAIL

REITS

562,708,750‌

SPECIALIZED

REITS

-

26

.8

%

975,000

American

Tower

Corp

206,563,500‌

675,000

Crown

Castle

International

Corp

91,557,000‌

575,000

Digital

Realty

Trust,

Inc

57,655,250‌

224,000

Equinix,

Inc

146,726,720‌

150,000

Extra

Space

Storage,

Inc

22,077,000‌

500,000

Gaming

and

Leisure

Properties,

Inc

26,045,000‌

300,000

Public

Storage,

Inc

84,057,000‌

200,000

SBA

Communications

Corp

56,062,000‌

2,200,000

VICI

Properties,

Inc

71,280,000‌

Portfolio

of

investments

(unaudited)

Real

Estate

Securities

Fund

December

31,

2022

2

December

31,

2022

TIAA-CREF

Funds

concluded

SHARES

COMPANY

VALUE

SPECIALIZED

REITS—continued

1,700,000

Weyerhaeuser

Co

$

52,700,000‌

TOTAL

SPECIALIZED

REITS

814,723,470‌

TOTAL

COMMON

STOCKS

2,973,057,820‌

(Cost

$2,359,759,604)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS

-

1.7%

GOVERNMENT

AGENCY

DEBT

-

0

.6

%

$

3,000,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

%

01/03/23

3,000,000‌

10,000,000

FHLB

0

.000

02/15/23

9,947,335‌

5,000,000

Tennessee

Valley

Authority

(TVA)

0

.000

01/04/23

4,999,406‌

TOTAL

GOVERNMENT

AGENCY

DEBT

17,946,741‌

REPURCHASE

AGREEMENT

-

1

.1

%

34,225,000

r

Fixed

Income

Clearing

Corp

(FICC)

4

.080

01/03/23

34,225,000‌

TOTAL

REPURCHASE

AGREEMENT

34,225,000‌

TOTAL

SHORT-TERM

INVESTMENTS

52,171,741‌

(Cost

$52,169,225)

TOTAL

INVESTMENTS

-

99.6%

3,025,229,561‌

(Cost

$2,411,928,829)

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.4%

11,763,496‌

NET

ASSETS

-

100.0%

$

3,036,993,057‌

r

Agreement

with

Fixed

Income

Clearing

Corp

(FICC),

4.080%

dated

12/30/22

to

be

repurchased

at

$34,225,000

on

1/3/23,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

1.000%

and

maturity

date

7/31/28,

valued

at

$34,909,565.

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

3

TIAA-CREF

Funds

December

31,

2022

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BONDS

-

99.4%

CORPORATE

BONDS

-

24

.2

%

AUTOMOBILES

&

COMPONENTS

-

0

.1

%

$

100,000

Aptiv

plc

4

.350

%

03/15/29

$

92,250‌

600,000

Aptiv

plc

3

.250

03/01/32

490,776‌

100,000

Aptiv

plc

4

.400

10/01/46

74,022‌

575,000

Aptiv

plc

5

.400

03/15/49

487,758‌

1,500,000

Aptiv

plc

3

.100

12/01/51

886,480‌

1,000,000

Aptiv

plc

4

.150

05/01/52

719,517‌

200,000

BorgWarner,

Inc

3

.375

03/15/25

191,599‌

1,650,000

BorgWarner,

Inc

2

.650

07/01/27

1,467,794‌

200,000

BorgWarner,

Inc

4

.375

03/15/45

154,474‌

125,000

General

Motors

Co

4

.875

10/02/23

124,611‌

500,000

General

Motors

Co

6

.125

10/01/25

508,855‌

500,000

General

Motors

Co

6

.800

10/01/27

518,991‌

700,000

General

Motors

Co

5

.000

10/01/28

670,414‌

375,000

General

Motors

Co

5

.400

10/15/29

357,862‌

450,000

General

Motors

Co

5

.600

10/15/32

418,048‌

900,000

General

Motors

Co

6

.600

04/01/36

881,457‌

700,000

General

Motors

Co

5

.150

04/01/38

603,877‌

150,000

General

Motors

Co

6

.250

10/02/43

138,679‌

175,000

General

Motors

Co

5

.200

04/01/45

142,235‌

350,000

General

Motors

Co

6

.750

04/01/46

335,546‌

500,000

General

Motors

Co

5

.400

04/01/48

408,662‌

900,000

General

Motors

Co

5

.950

04/01/49

784,363‌

175,000

Harley-Davidson,

Inc

3

.500

07/28/25

166,434‌

200,000

Harley-Davidson,

Inc

4

.625

07/28/45

156,405‌

750,000

Honeywell

International,

Inc

4

.950

02/15/28

759,698‌

1,000,000

Honeywell

International,

Inc

5

.000

02/15/33

1,018,540‌

326,000

Lear

Corp

3

.800

09/15/27

302,590‌

400,000

Lear

Corp

4

.250

05/15/29

359,217‌

500,000

Lear

Corp

3

.500

05/30/30

420,036‌

600,000

Lear

Corp

2

.600

01/15/32

451,417‌

550,000

Lear

Corp

5

.250

05/15/49

450,309‌

1,000,000

Lear

Corp

3

.550

01/15/52

607,612‌

300,000

Magna

International,

Inc

3

.625

06/15/24

293,223‌

600,000

Magna

International,

Inc

4

.150

10/01/25

585,418‌

175,000

Magna

International,

Inc

2

.450

06/15/30

144,607‌

1,000,000

Toyota

Motor

Corp

1

.339

03/25/26

897,052‌

300,000

e

Toyota

Motor

Corp

3

.669

07/20/28

284,309‌

1,000,000

e

Toyota

Motor

Corp

2

.362

03/25/31

842,830‌

650,000

Toyota

Motor

Credit

Corp

2

.150

02/13/30

546,868‌

TOTAL

AUTOMOBILES

&

COMPONENTS

18,744,835‌

BANKS

-

4

.3

%

525,000

Australia

&

New

Zealand

Banking

Group

Ltd

3

.700

11/16/25

509,310‌

1,000,000

Banco

Bilbao

Vizcaya

Argentaria

S.A.

0

.875

09/18/23

968,410‌

1,000,000

Banco

Bilbao

Vizcaya

Argentaria

S.A.

1

.125

09/18/25

893,208‌

1,000,000

Banco

Bilbao

Vizcaya

Argentaria

S.A.

6

.138

09/14/28

1,001,237‌

1,000,000

Banco

Santander

S.A.

3

.892

05/24/24

978,938‌

800,000

Banco

Santander

S.A.

2

.706

06/27/24

767,644‌

600,000

Banco

Santander

S.A.

2

.746

05/28/25

561,534‌

400,000

Banco

Santander

S.A.

5

.179

11/19/25

393,471‌

1,600,000

Banco

Santander

S.A.

1

.849

03/25/26

1,412,223‌

600,000

Banco

Santander

S.A.

4

.250

04/11/27

569,607‌

1,600,000

Banco

Santander

S.A.

5

.294

08/18/27

1,562,171‌

1,200,000

Banco

Santander

S.A.

1

.722

09/14/27

1,025,000‌

675,000

Banco

Santander

S.A.

3

.800

02/23/28

612,125‌

1,000,000

Banco

Santander

S.A.

4

.175

03/24/28

927,515‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

4

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

1,800,000

Banco

Santander

S.A.

4

.379

%

04/12/28

$

1,688,939‌

600,000

Banco

Santander

S.A.

3

.306

06/27/29

522,389‌

400,000

Banco

Santander

S.A.

3

.490

05/28/30

336,635‌

2,000,000

Banco

Santander

S.A.

2

.749

12/03/30

1,531,802‌

1,000,000

e

Banco

Santander

S.A.

2

.958

03/25/31

794,905‌

2,000,000

Banco

Santander

S.A.

3

.225

11/22/32

1,510,214‌

10,300,000

Bank

of

America

Corp

3

.458

03/15/25

10,026,596‌

3,550,000

Bank

of

America

Corp

3

.950

04/21/25

3,454,889‌

2,000,000

Bank

of

America

Corp

3

.841

04/25/25

1,952,649‌

3,000,000

Bank

of

America

Corp

0

.981

09/25/25

2,761,127‌

3,000,000

Bank

of

America

Corp

3

.093

10/01/25

2,874,067‌

725,000

Bank

of

America

Corp

2

.456

10/22/25

685,021‌

4,000,000

Bank

of

America

Corp

3

.366

01/23/26

3,813,926‌

3,000,000

Bank

of

America

Corp

2

.015

02/13/26

2,784,660‌

5,000,000

Bank

of

America

Corp

1

.319

06/19/26

4,502,475‌

2,000,000

Bank

of

America

Corp

4

.827

07/22/26

1,976,630‌

4,500,000

Bank

of

America

Corp

1

.197

10/24/26

4,000,635‌

5,000,000

Bank

of

America

Corp

1

.658

03/11/27

4,423,518‌

7,800,000

Bank

of

America

Corp

3

.559

04/23/27

7,307,586‌

4,500,000

Bank

of

America

Corp

1

.734

07/22/27

3,942,524‌

2,000,000

Bank

of

America

Corp

2

.551

02/04/28

1,776,374‌

3,000,000

Bank

of

America

Corp

4

.376

04/27/28

2,868,969‌

3,000,000

Bank

of

America

Corp

6

.204

11/10/28

3,097,415‌

5,690,000

Bank

of

America

Corp

3

.419

12/20/28

5,152,462‌

2,250,000

Bank

of

America

Corp

3

.970

03/05/29

2,076,131‌

3,000,000

Bank

of

America

Corp

2

.087

06/14/29

2,524,482‌

1,400,000

Bank

of

America

Corp

4

.271

07/23/29

1,305,500‌

3,075,000

Bank

of

America

Corp

3

.974

02/07/30

2,792,806‌

1,675,000

Bank

of

America

Corp

3

.194

07/23/30

1,440,640‌

1,050,000

Bank

of

America

Corp

2

.884

10/22/30

878,404‌

4,000,000

Bank

of

America

Corp

2

.496

02/13/31

3,251,166‌

1,750,000

Bank

of

America

Corp

2

.592

04/29/31

1,425,263‌

3,000,000

Bank

of

America

Corp

1

.898

07/23/31

2,302,516‌

3,000,000

Bank

of

America

Corp

1

.922

10/24/31

2,291,663‌

3,000,000

Bank

of

America

Corp

2

.651

03/11/32

2,401,279‌

4,000,000

Bank

of

America

Corp

2

.687

04/22/32

3,201,536‌

5,000,000

Bank

of

America

Corp

2

.299

07/21/32

3,850,534‌

3,000,000

Bank

of

America

Corp

2

.572

10/20/32

2,349,607‌

2,000,000

Bank

of

America

Corp

2

.972

02/04/33

1,611,237‌

2,000,000

Bank

of

America

Corp

4

.571

04/27/33

1,829,406‌

2,000,000

Bank

of

America

Corp

5

.015

07/22/33

1,898,784‌

4,000,000

Bank

of

America

Corp

2

.482

09/21/36

2,939,041‌

1,500,000

Bank

of

America

Corp

6

.110

01/29/37

1,517,041‌

3,000,000

Bank

of

America

Corp

3

.846

03/08/37

2,484,182‌

4,500,000

Bank

of

America

Corp

4

.078

04/23/40

3,741,588‌

6,000,000

Bank

of

America

Corp

2

.676

06/19/41

4,036,205‌

4,000,000

Bank

of

America

Corp

3

.311

04/22/42

2,932,544‌

1,500,000

Bank

of

America

Corp

5

.000

01/21/44

1,379,088‌

2,800,000

Bank

of

America

Corp

4

.443

01/20/48

2,361,336‌

3,000,000

Bank

of

America

Corp

3

.946

01/23/49

2,319,723‌

1,000,000

Bank

of

America

Corp

2

.831

10/24/51

613,041‌

1,950,000

Bank

of

America

Corp

3

.483

03/13/52

1,370,563‌

2,000,000

Bank

of

America

Corp

2

.972

07/21/52

1,249,228‌

1,425,000

Bank

of

Montreal

3

.300

02/05/24

1,398,290‌

1,000,000

Bank

of

Montreal

2

.500

06/28/24

962,947‌

750,000

Bank

of

Montreal

1

.850

05/01/25

700,578‌

1,500,000

Bank

of

Montreal

1

.250

09/15/26

1,310,647‌

1,000,000

Bank

of

Montreal

0

.949

01/22/27

882,889‌

2,000,000

Bank

of

Montreal

2

.650

03/08/27

1,826,604‌

4,000,000

e

Bank

of

Montreal

4

.700

09/14/27

3,957,901‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

5

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

750,000

Bank

of

Montreal

4

.338

%

10/05/28

$

734,908‌

425,000

Bank

of

Montreal

3

.803

12/15/32

374,221‌

2,000,000

Bank

of

Montreal

3

.088

01/10/37

1,512,208‌

775,000

Bank

of

New

York

Mellon

Corp

5

.802

10/25/28

801,385‌

1,000,000

Bank

of

New

York

Mellon

Corp

5

.834

10/25/33

1,036,594‌

750,000

Bank

of

Nova

Scotia

2

.200

02/03/25

706,430‌

1,500,000

Bank

of

Nova

Scotia

3

.450

04/11/25

1,443,506‌

2,000,000

Bank

of

Nova

Scotia

1

.300

06/11/25

1,832,427‌

1,550,000

Bank

of

Nova

Scotia

4

.500

12/16/25

1,519,071‌

2,000,000

Bank

of

Nova

Scotia

1

.050

03/02/26

1,768,439‌

2,000,000

Bank

of

Nova

Scotia

1

.350

06/24/26

1,773,240‌

1,000,000

Bank

of

Nova

Scotia

2

.700

08/03/26

925,964‌

3,000,000

Bank

of

Nova

Scotia

1

.300

09/15/26

2,620,448‌

1,000,000

Bank

of

Nova

Scotia

2

.450

02/02/32

804,285‌

750,000

Bank

of

Nova

Scotia

4

.588

05/04/37

640,016‌

525,000

Barclays

plc

4

.338

05/16/24

521,345‌

200,000

Barclays

plc

4

.375

09/11/24

195,361‌

2,000,000

Barclays

plc

1

.007

12/10/24

1,903,814‌

1,425,000

Barclays

plc

3

.650

03/16/25

1,369,891‌

2,750,000

Barclays

plc

3

.932

05/07/25

2,666,778‌

975,000

Barclays

plc

4

.375

01/12/26

944,477‌

2,000,000

Barclays

plc

2

.852

05/07/26

1,858,450‌

800,000

Barclays

plc

5

.200

05/12/26

778,678‌

1,000,000

Barclays

plc

7

.325

11/02/26

1,035,795‌

2,000,000

Barclays

plc

2

.279

11/24/27

1,728,753‌

700,000

Barclays

plc

4

.337

01/10/28

650,389‌

1,975,000

Barclays

plc

4

.836

05/09/28

1,820,943‌

1,500,000

Barclays

plc

7

.385

11/02/28

1,563,492‌

1,500,000

Barclays

plc

4

.972

05/16/29

1,408,695‌

1,000,000

Barclays

plc

5

.088

06/20/30

921,060‌

2,000,000

Barclays

plc

2

.645

06/24/31

1,560,406‌

1,500,000

Barclays

plc

2

.667

03/10/32

1,143,979‌

2,000,000

Barclays

plc

2

.894

11/24/32

1,523,167‌

1,300,000

Barclays

plc

5

.746

08/09/33

1,228,060‌

2,500,000

Barclays

plc

7

.437

11/02/33

2,619,503‌

1,750,000

Barclays

plc

3

.564

09/23/35

1,331,653‌

1,000,000

Barclays

plc

3

.811

03/10/42

674,930‌

775,000

Barclays

plc

5

.250

08/17/45

698,080‌

500,000

BBVA

USA

3

.875

04/10/25

486,277‌

675,000

BNP

Paribas

S.A.

3

.250

03/03/23

673,249‌

500,000

Canadian

Imperial

Bank

of

Commerce

3

.500

09/13/23

495,251‌

750,000

Canadian

Imperial

Bank

of

Commerce

3

.100

04/02/24

731,864‌

1,000,000

Canadian

Imperial

Bank

of

Commerce

2

.250

01/28/25

943,734‌

1,000,000

Canadian

Imperial

Bank

of

Commerce

3

.945

08/04/25

976,676‌

1,000,000

Canadian

Imperial

Bank

of

Commerce

0

.950

10/23/25

898,624‌

1,000,000

Canadian

Imperial

Bank

of

Commerce

1

.250

06/22/26

877,822‌

1,500,000

Canadian

Imperial

Bank

of

Commerce

3

.450

04/07/27

1,410,290‌

1,500,000

e

Canadian

Imperial

Bank

of

Commerce

3

.600

04/07/32

1,321,889‌

1,500,000

Citigroup,

Inc

4

.044

06/01/24

1,490,003‌

500,000

Citigroup,

Inc

4

.000

08/05/24

491,043‌

1,250,000

Citigroup,

Inc

0

.776

10/30/24

1,197,699‌

7,500,000

Citigroup,

Inc

3

.352

04/24/25

7,272,587‌

2,000,000

Citigroup,

Inc

0

.981

05/01/25

1,872,881‌

1,000,000

Citigroup,

Inc

3

.700

01/12/26

961,921‌

750,000

Citigroup,

Inc

4

.600

03/09/26

736,665‌

3,000,000

Citigroup,

Inc

3

.106

04/08/26

2,839,748‌

3,000,000

Citigroup,

Inc

5

.610

09/29/26

3,012,831‌

1,100,000

Citigroup,

Inc

4

.300

11/20/26

1,064,074‌

4,000,000

Citigroup,

Inc

1

.122

01/28/27

3,485,941‌

5,000,000

Citigroup,

Inc

1

.462

06/09/27

4,337,039‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

6

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

1,500,000

Citigroup,

Inc

4

.450

%

09/29/27

$

1,430,113‌

5,000,000

Citigroup,

Inc

3

.070

02/24/28

4,507,644‌

3,000,000

e

Citigroup,

Inc

4

.658

05/24/28

2,903,279‌

1,000,000

Citigroup,

Inc

3

.668

07/24/28

918,389‌

2,025,000

Citigroup,

Inc

4

.125

07/25/28

1,884,762‌

4,000,000

Citigroup,

Inc

4

.075

04/23/29

3,680,661‌

1,750,000

Citigroup,

Inc

3

.980

03/20/30

1,578,300‌

5,000,000

Citigroup,

Inc

2

.666

01/29/31

4,100,916‌

2,200,000

Citigroup,

Inc

4

.412

03/31/31

2,020,253‌

6,000,000

Citigroup,

Inc

2

.572

06/03/31

4,852,741‌

5,000,000

Citigroup,

Inc

2

.561

05/01/32

3,947,323‌

175,000

Citigroup,

Inc

6

.625

06/15/32

184,285‌

875,000

Citigroup,

Inc

2

.520

11/03/32

680,460‌

4,000,000

Citigroup,

Inc

3

.057

01/25/33

3,228,059‌

1,000,000

Citigroup,

Inc

3

.785

03/17/33

855,292‌

1,775,000

Citigroup,

Inc

4

.910

05/24/33

1,662,169‌

3,000,000

Citigroup,

Inc

6

.270

11/17/33

3,094,926‌

750,000

Citigroup,

Inc

3

.878

01/24/39

619,887‌

325,000

Citigroup,

Inc

8

.125

07/15/39

399,419‌

350,000

Citigroup,

Inc

5

.875

01/30/42

351,935‌

2,000,000

Citigroup,

Inc

2

.904

11/03/42

1,380,163‌

400,000

Citigroup,

Inc

6

.675

09/13/43

427,484‌

125,000

Citigroup,

Inc

5

.300

05/06/44

112,566‌

675,000

Citigroup,

Inc

4

.650

07/30/45

578,901‌

3,075,000

Citigroup,

Inc

4

.750

05/18/46

2,555,196‌

4,075,000

Citigroup,

Inc

4

.650

07/23/48

3,504,592‌

500,000

Citizens

Bank

NA

3

.700

03/29/23

498,637‌

350,000

Citizens

Bank

NA

2

.250

04/28/25

326,033‌

250,000

Citizens

Bank

NA

3

.750

02/18/26

239,614‌

1,000,000

Citizens

Bank

NA

4

.575

08/09/28

965,451‌

500,000

Citizens

Financial

Group,

Inc

2

.850

07/27/26

462,348‌

200,000

Citizens

Financial

Group,

Inc

2

.500

02/06/30

162,536‌

450,000

Citizens

Financial

Group,

Inc

3

.250

04/30/30

390,634‌

850,000

Citizens

Financial

Group,

Inc

2

.638

09/30/32

630,914‌

500,000

Citizens

Financial

Group,

Inc

5

.641

05/21/37

464,736‌

500,000

Comerica

Bank

2

.500

07/23/24

480,370‌

200,000

Comerica

Bank

4

.000

07/27/25

193,965‌

1,000,000

Comerica

Bank

5

.332

08/25/33

960,570‌

550,000

Comerica,

Inc

4

.000

02/01/29

515,038‌

2,000,000

Cooperatieve

Rabobank

UA

0

.375

01/12/24

1,906,972‌

300,000

Cooperatieve

Rabobank

UA

3

.875

08/22/24

294,649‌

2,050,000

Cooperatieve

Rabobank

UA

3

.375

05/21/25

1,985,804‌

600,000

Cooperatieve

Rabobank

UA

4

.375

08/04/25

585,631‌

2,700,000

Cooperatieve

Rabobank

UA

3

.750

07/21/26

2,535,141‌

550,000

Cooperatieve

Rabobank

UA

5

.250

05/24/41

550,358‌

1,400,000

Cooperatieve

Rabobank

UA

5

.750

12/01/43

1,320,962‌

600,000

Cooperatieve

Rabobank

UA

5

.250

08/04/45

537,979‌

1,350,000

Discover

Bank

4

.200

08/08/23

1,341,214‌

1,000,000

Discover

Bank

2

.450

09/12/24

945,890‌

200,000

Discover

Bank

4

.250

03/13/26

190,193‌

1,125,000

Discover

Bank

3

.450

07/27/26

1,035,881‌

300,000

Discover

Bank

4

.682

08/09/28

287,934‌

350,000

Discover

Bank

4

.650

09/13/28

327,826‌

325,000

Discover

Bank

2

.700

02/06/30

260,156‌

450,000

Fifth

Third

Bancorp

4

.300

01/16/24

445,300‌

675,000

Fifth

Third

Bancorp

3

.650

01/25/24

664,793‌

300,000

Fifth

Third

Bancorp

2

.550

05/05/27

269,337‌

1,000,000

Fifth

Third

Bancorp

1

.707

11/01/27

886,973‌

500,000

Fifth

Third

Bancorp

3

.950

03/14/28

478,819‌

1,000,000

Fifth

Third

Bancorp

4

.055

04/25/28

948,132‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

7

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

1,000,000

Fifth

Third

Bancorp

6

.361

%

10/27/28

$

1,028,894‌

1,000,000

Fifth

Third

Bancorp

4

.772

07/28/30

953,725‌

140,000

Fifth

Third

Bancorp

8

.250

03/01/38

173,249‌

300,000

Fifth

Third

Bank

3

.950

07/28/25

294,451‌

2,400,000

Fifth

Third

Bank

3

.850

03/15/26

2,287,696‌

1,000,000

Fifth

Third

Bank

2

.250

02/01/27

900,225‌

500,000

First

Citizens

BancShares,

Inc

3

.375

03/15/30

472,150‌

500,000

First

Horizon

Bank

5

.750

05/01/30

484,701‌

500,000

First

Horizon

National

Corp

4

.000

05/26/25

485,812‌

175,000

First

Republic

Bank

4

.375

08/01/46

132,688‌

33,000

HSBC

Bank

USA

NA

7

.000

01/15/39

35,550‌

2,625,000

HSBC

Holdings

plc

4

.250

03/14/24

2,578,404‌

2,325,000

HSBC

Holdings

plc

3

.950

05/18/24

2,306,590‌

850,000

HSBC

Holdings

plc

0

.976

05/24/25

787,000‌

450,000

HSBC

Holdings

plc

4

.250

08/18/25

432,877‌

2,000,000

HSBC

Holdings

plc

2

.633

11/07/25

1,878,267‌

1,875,000

HSBC

Holdings

plc

4

.300

03/08/26

1,813,578‌

825,000

HSBC

Holdings

plc

1

.645

04/18/26

744,655‌

2,475,000

HSBC

Holdings

plc

3

.900

05/25/26

2,357,229‌

1,500,000

HSBC

Holdings

plc

2

.099

06/04/26

1,364,995‌

1,100,000

HSBC

Holdings

plc

4

.292

09/12/26

1,052,213‌

450,000

HSBC

Holdings

plc

4

.375

11/23/26

432,146‌

4,000,000

HSBC

Holdings

plc

1

.589

05/24/27

3,448,846‌

3,000,000

HSBC

Holdings

plc

2

.251

11/22/27

2,598,135‌

3,925,000

HSBC

Holdings

plc

4

.041

03/13/28

3,617,027‌

1,500,000

HSBC

Holdings

plc

4

.755

06/09/28

1,417,811‌

1,500,000

HSBC

Holdings

plc

5

.210

08/11/28

1,447,129‌

5,000,000

HSBC

Holdings

plc

2

.013

09/22/28

4,179,028‌

1,575,000

HSBC

Holdings

plc

7

.390

11/03/28

1,655,247‌

2,500,000

HSBC

Holdings

plc

4

.583

06/19/29

2,301,566‌

1,600,000

HSBC

Holdings

plc

2

.206

08/17/29

1,291,490‌

4,000,000

HSBC

Holdings

plc

3

.973

05/22/30

3,501,136‌

3,000,000

HSBC

Holdings

plc

2

.848

06/04/31

2,394,317‌

750,000

HSBC

Holdings

plc

2

.357

08/18/31

573,069‌

2,350,000

HSBC

Holdings

plc

2

.804

05/24/32

1,818,146‌

3,500,000

HSBC

Holdings

plc

2

.871

11/22/32

2,674,838‌

1,500,000

HSBC

Holdings

plc

4

.762

03/29/33

1,299,991‌

1,825,000

HSBC

Holdings

plc

5

.402

08/11/33

1,689,992‌

2,000,000

HSBC

Holdings

plc

8

.113

11/03/33

2,116,159‌

300,000

HSBC

Holdings

plc

6

.500

05/02/36

293,467‌

2,700,000

HSBC

Holdings

plc

6

.500

09/15/37

2,597,668‌

200,000

HSBC

Holdings

plc

6

.800

06/01/38

198,501‌

550,000

HSBC

Holdings

plc

6

.100

01/14/42

573,394‌

1,175,000

HSBC

Holdings

plc

5

.250

03/14/44

989,727‌

1,250,000

HSBC

USA,

Inc

3

.500

06/23/24

1,218,580‌

500,000

Huntington

Bancshares,

Inc

4

.000

05/15/25

486,702‌

1,000,000

Huntington

Bancshares,

Inc

4

.443

08/04/28

952,522‌

1,000,000

Huntington

Bancshares,

Inc

2

.550

02/04/30

822,554‌

500,000

e

Huntington

Bancshares,

Inc

5

.023

05/17/33

474,710‌

500,000

Huntington

Bancshares,

Inc

2

.487

08/15/36

359,575‌

1,000,000

Huntington

National

Bank

4

.552

05/17/28

964,869‌

1,500,000

Huntington

National

Bank

5

.650

01/10/30

1,511,451‌

4,750,000

Industrial

&

Commercial

Bank

of

China

Ltd

3

.538

11/08/27

4,478,498‌

1,200,000

ING

Groep

NV

4

.100

10/02/23

1,190,272‌

575,000

ING

Groep

NV

3

.550

04/09/24

562,446‌

1,250,000

ING

Groep

NV

3

.950

03/29/27

1,183,925‌

1,500,000

ING

Groep

NV

1

.726

04/01/27

1,323,718‌

1,500,000

ING

Groep

NV

4

.550

10/02/28

1,431,795‌

1,325,000

ING

Groep

NV

4

.050

04/09/29

1,220,317‌

475,000

ING

Groep

NV

2

.727

04/01/32

378,444‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

8

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

300,000

ING

Groep

NV

4

.252

%

03/28/33

$

264,124‌

500,000

JPMorgan

Chase

&

Co

3

.375

05/01/23

497,649‌

475,000

JPMorgan

Chase

&

Co

3

.875

02/01/24

468,826‌

1,525,000

JPMorgan

Chase

&

Co

3

.625

05/13/24

1,498,670‌

1,575,000

JPMorgan

Chase

&

Co

3

.797

07/23/24

1,559,350‌

2,675,000

JPMorgan

Chase

&

Co

3

.875

09/10/24

2,618,476‌

975,000

JPMorgan

Chase

&

Co

4

.023

12/05/24

960,456‌

625,000

JPMorgan

Chase

&

Co

3

.125

01/23/25

603,197‌

1,200,000

JPMorgan

Chase

&

Co

3

.220

03/01/25

1,166,324‌

2,125,000

JPMorgan

Chase

&

Co

3

.900

07/15/25

2,077,452‌

2,000,000

JPMorgan

Chase

&

Co

2

.301

10/15/25

1,884,705‌

6,000,000

JPMorgan

Chase

&

Co

5

.546

12/15/25

6,000,105‌

2,500,000

JPMorgan

Chase

&

Co

2

.595

02/24/26

2,350,400‌

2,000,000

JPMorgan

Chase

&

Co

2

.005

03/13/26

1,851,112‌

3,125,000

JPMorgan

Chase

&

Co

3

.300

04/01/26

2,962,293‌

2,000,000

JPMorgan

Chase

&

Co

2

.083

04/22/26

1,856,593‌

4,000,000

JPMorgan

Chase

&

Co

4

.080

04/26/26

3,883,688‌

1,450,000

JPMorgan

Chase

&

Co

3

.200

06/15/26

1,368,965‌

1,000,000

JPMorgan

Chase

&

Co

2

.950

10/01/26

932,625‌

4,000,000

JPMorgan

Chase

&

Co

1

.045

11/19/26

3,528,145‌

1,350,000

JPMorgan

Chase

&

Co

4

.125

12/15/26

1,304,419‌

2,450,000

JPMorgan

Chase

&

Co

3

.960

01/29/27

2,335,455‌

4,000,000

JPMorgan

Chase

&

Co

1

.040

02/04/27

3,479,474‌

5,200,000

JPMorgan

Chase

&

Co

1

.578

04/22/27

4,569,045‌

3,000,000

JPMorgan

Chase

&

Co

1

.470

09/22/27

2,597,289‌

250,000

JPMorgan

Chase

&

Co

4

.250

10/01/27

240,876‌

325,000

JPMorgan

Chase

&

Co

3

.625

12/01/27

300,449‌

1,375,000

JPMorgan

Chase

&

Co

3

.782

02/01/28

1,284,656‌

1,000,000

JPMorgan

Chase

&

Co

2

.947

02/24/28

904,597‌

4,000,000

JPMorgan

Chase

&

Co

4

.323

04/26/28

3,819,947‌

425,000

JPMorgan

Chase

&

Co

3

.540

05/01/28

391,092‌

6,000,000

JPMorgan

Chase

&

Co

2

.182

06/01/28

5,246,298‌

1,000,000

JPMorgan

Chase

&

Co

4

.851

07/25/28

974,783‌

3,000,000

JPMorgan

Chase

&

Co

2

.069

06/01/29

2,505,565‌

2,050,000

JPMorgan

Chase

&

Co

4

.203

07/23/29

1,910,196‌

1,750,000

JPMorgan

Chase

&

Co

4

.452

12/05/29

1,643,874‌

4,500,000

JPMorgan

Chase

&

Co

3

.702

05/06/30

4,035,959‌

1,500,000

JPMorgan

Chase

&

Co

4

.565

06/14/30

1,411,296‌

2,000,000

JPMorgan

Chase

&

Co

2

.522

04/22/31

1,636,574‌

1,425,000

JPMorgan

Chase

&

Co

2

.956

05/13/31

1,174,137‌

5,000,000

JPMorgan

Chase

&

Co

1

.764

11/19/31

3,790,343‌

2,250,000

JPMorgan

Chase

&

Co

1

.953

02/04/32

1,721,079‌

3,000,000

JPMorgan

Chase

&

Co

2

.580

04/22/32

2,403,119‌

3,000,000

JPMorgan

Chase

&

Co

2

.545

11/08/32

2,371,293‌

6,000,000

JPMorgan

Chase

&

Co

2

.963

01/25/33

4,883,413‌

2,000,000

JPMorgan

Chase

&

Co

4

.586

04/26/33

1,851,526‌

2,000,000

JPMorgan

Chase

&

Co

4

.912

07/25/33

1,904,254‌

4,000,000

JPMorgan

Chase

&

Co

5

.717

09/14/33

3,904,214‌

958,000

JPMorgan

Chase

&

Co

5

.500

10/15/40

943,973‌

2,000,000

JPMorgan

Chase

&

Co

3

.109

04/22/41

1,453,450‌

4,500,000

JPMorgan

Chase

&

Co

2

.525

11/19/41

2,942,003‌

2,500,000

JPMorgan

Chase

&

Co

3

.157

04/22/42

1,814,807‌

1,000,000

JPMorgan

Chase

&

Co

5

.625

08/16/43

970,951‌

1,800,000

JPMorgan

Chase

&

Co

4

.950

06/01/45

1,608,202‌

2,050,000

JPMorgan

Chase

&

Co

4

.260

02/22/48

1,676,380‌

1,000,000

JPMorgan

Chase

&

Co

4

.032

07/24/48

788,745‌

4,500,000

JPMorgan

Chase

&

Co

3

.964

11/15/48

3,509,999‌

1,750,000

JPMorgan

Chase

&

Co

3

.897

01/23/49

1,340,811‌

2,000,000

JPMorgan

Chase

&

Co

3

.109

04/22/51

1,310,370‌

1,500,000

JPMorgan

Chase

&

Co

3

.328

04/22/52

1,013,726‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

9

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

750,000

e

JPMorgan

Chase

&

Co

6

.000

%

N/A‡

$

733,575‌

750,000

KeyBank

NA

3

.300

06/01/25

719,921‌

300,000

KeyBank

NA

3

.400

05/20/26

281,075‌

1,000,000

KeyBank

NA

5

.850

11/15/27

1,032,180‌

1,000,000

KeyBank

NA

3

.180

12/14/27

961,580‌

250,000

KeyBank

NA

3

.900

04/13/29

225,283‌

1,500,000

KeyBank

NA

4

.900

08/08/32

1,388,187‌

200,000

KeyCorp

4

.150

10/29/25

194,965‌

500,000

KeyCorp

4

.100

04/30/28

476,614‌

1,000,000

KeyCorp

2

.550

10/01/29

842,326‌

300,000

KeyCorp

4

.789

06/01/33

283,257‌

1,800,000

Lloyds

Banking

Group

plc

3

.900

03/12/24

1,766,731‌

2,750,000

Lloyds

Banking

Group

plc

4

.500

11/04/24

2,683,626‌

1,375,000

Lloyds

Banking

Group

plc

4

.450

05/08/25

1,348,679‌

325,000

Lloyds

Banking

Group

plc

4

.582

12/10/25

314,697‌

1,000,000

Lloyds

Banking

Group

plc

2

.438

02/05/26

931,025‌

1,000,000

Lloyds

Banking

Group

plc

3

.511

03/18/26

950,033‌

225,000

Lloyds

Banking

Group

plc

4

.650

03/24/26

215,444‌

1,250,000

Lloyds

Banking

Group

plc

4

.716

08/11/26

1,223,042‌

500,000

Lloyds

Banking

Group

plc

3

.750

01/11/27

465,104‌

2,000,000

Lloyds

Banking

Group

plc

1

.627

05/11/27

1,731,091‌

1,000,000

Lloyds

Banking

Group

plc

3

.750

03/18/28

923,109‌

500,000

Lloyds

Banking

Group

plc

4

.375

03/22/28

474,547‌

700,000

Lloyds

Banking

Group

plc

4

.550

08/16/28

658,579‌

1,825,000

Lloyds

Banking

Group

plc

3

.574

11/07/28

1,641,213‌

1,250,000

Lloyds

Banking

Group

plc

4

.976

08/11/33

1,147,738‌

1,550,000

Lloyds

Banking

Group

plc

4

.344

01/09/48

1,129,863‌

1,100,000

Manufacturers

&

Traders

Trust

Co

2

.900

02/06/25

1,052,910‌

1,000,000

Manufacturers

&

Traders

Trust

Co

5

.400

11/21/25

1,005,244‌

1,175,000

Mitsubishi

UFJ

Financial

Group,

Inc

3

.761

07/26/23

1,165,272‌

1,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

2

.801

07/18/24

961,021‌

1,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

0

.848

09/15/24

965,122‌

2,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

2

.193

02/25/25

1,871,789‌

1,625,000

Mitsubishi

UFJ

Financial

Group,

Inc

3

.777

03/02/25

1,580,086‌

2,500,000

Mitsubishi

UFJ

Financial

Group,

Inc

1

.412

07/17/25

2,270,224‌

3,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

0

.953

07/19/25

2,787,500‌

750,000

Mitsubishi

UFJ

Financial

Group,

Inc

0

.962

10/11/25

689,589‌

207,000

Mitsubishi

UFJ

Financial

Group,

Inc

3

.850

03/01/26

198,041‌

225,000

Mitsubishi

UFJ

Financial

Group,

Inc

2

.757

09/13/26

205,615‌

650,000

Mitsubishi

UFJ

Financial

Group,

Inc

3

.677

02/22/27

614,521‌

2,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

1

.538

07/20/27

1,733,879‌

700,000

Mitsubishi

UFJ

Financial

Group,

Inc

3

.287

07/25/27

644,810‌

750,000

Mitsubishi

UFJ

Financial

Group,

Inc

1

.640

10/13/27

649,548‌

1,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

2

.341

01/19/28

880,184‌

1,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

3

.961

03/02/28

949,964‌

1,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

4

.080

04/19/28

942,713‌

1,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

5

.017

07/20/28

976,125‌

300,000

e

Mitsubishi

UFJ

Financial

Group,

Inc

4

.050

09/11/28

287,575‌

1,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

5

.354

09/13/28

992,046‌

1,250,000

Mitsubishi

UFJ

Financial

Group,

Inc

3

.741

03/07/29

1,151,913‌

1,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

3

.195

07/18/29

873,170‌

1,500,000

Mitsubishi

UFJ

Financial

Group,

Inc

2

.559

02/25/30

1,241,360‌

1,250,000

Mitsubishi

UFJ

Financial

Group,

Inc

2

.048

07/17/30

986,000‌

1,700,000

Mitsubishi

UFJ

Financial

Group,

Inc

2

.309

07/20/32

1,308,328‌

500,000

Mitsubishi

UFJ

Financial

Group,

Inc

2

.494

10/13/32

389,579‌

1,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

2

.852

01/19/33

796,027‌

1,000,000

e

Mitsubishi

UFJ

Financial

Group,

Inc

4

.315

04/19/33

906,186‌

1,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

5

.133

07/20/33

954,822‌

1,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

5

.472

09/13/33

981,974‌

300,000

e

Mitsubishi

UFJ

Financial

Group,

Inc

4

.286

07/26/38

259,465‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

10

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

500,000

Mitsubishi

UFJ

Financial

Group,

Inc

4

.153

%

03/07/39

$

421,801‌

1,425,000

Mitsubishi

UFJ

Financial

Group,

Inc

3

.751

07/18/39

1,157,592‌

1,750,000

Mizuho

Financial

Group,

Inc

1

.241

07/10/24

1,707,640‌

500,000

Mizuho

Financial

Group,

Inc

2

.555

09/13/25

471,925‌

500,000

Mizuho

Financial

Group,

Inc

2

.226

05/25/26

459,237‌

200,000

Mizuho

Financial

Group,

Inc

3

.663

02/28/27

185,380‌

1,000,000

Mizuho

Financial

Group,

Inc

1

.234

05/22/27

866,152‌

1,000,000

Mizuho

Financial

Group,

Inc

1

.554

07/09/27

871,146‌

725,000

Mizuho

Financial

Group,

Inc

4

.018

03/05/28

680,193‌

625,000

Mizuho

Financial

Group,

Inc

4

.254

09/11/29

576,314‌

1,000,000

Mizuho

Financial

Group,

Inc

3

.261

05/22/30

865,134‌

1,000,000

Mizuho

Financial

Group,

Inc

3

.153

07/16/30

856,192‌

500,000

Mizuho

Financial

Group,

Inc

2

.869

09/13/30

418,131‌

500,000

Mizuho

Financial

Group,

Inc

2

.591

05/25/31

401,677‌

1,000,000

Mizuho

Financial

Group,

Inc

2

.201

07/10/31

780,575‌

1,000,000

Mizuho

Financial

Group,

Inc

1

.979

09/08/31

764,736‌

700,000

Mizuho

Financial

Group,

Inc

2

.564

09/13/31

533,408‌

1,000,000

Mizuho

Financial

Group,

Inc

2

.172

05/22/32

760,232‌

500,000

e

Mizuho

Financial

Group,

Inc

2

.260

07/09/32

381,043‌

1,000,000

Mizuho

Financial

Group,

Inc

5

.669

09/13/33

992,276‌

1,500,000

National

Australia

Bank

Ltd

5

.132

11/22/24

1,506,037‌

300,000

National

Australia

Bank

Ltd

3

.375

01/14/26

286,897‌

750,000

National

Australia

Bank

Ltd

2

.500

07/12/26

690,725‌

1,000,000

National

Australia

Bank

Ltd

3

.905

06/09/27

958,522‌

1,000,000

National

Bank

of

Canada

0

.750

08/06/24

929,988‌

1,150,000

National

Bank

of

Canada

0

.550

11/15/24

1,100,670‌

800,000

Natwest

Group

plc

1

.642

06/14/27

692,369‌

800,000

Natwest

Group

plc

3

.032

11/28/35

589,016‌

2,000,000

NatWest

Group

plc

7

.472

11/10/26

2,081,200‌

700,000

NatWest

Group

plc

5

.516

09/30/28

691,377‌

725,000

Northern

Trust

Corp

4

.000

05/10/27

708,153‌

500,000

Northern

Trust

Corp

6

.125

11/02/32

527,221‌

300,000

People's

United

Bank

NA

4

.000

07/15/24

294,532‌

600,000

PNC

Bank

NA

2

.950

02/23/25

576,579‌

550,000

PNC

Bank

NA

3

.250

06/01/25

530,774‌

903,000

PNC

Bank

NA

4

.050

07/26/28

849,648‌

475,000

PNC

Bank

NA

2

.700

10/22/29

400,806‌

500,000

PNC

Financial

Services

Group,

Inc

3

.500

01/23/24

492,586‌

300,000

PNC

Financial

Services

Group,

Inc

3

.900

04/29/24

296,324‌

500,000

PNC

Financial

Services

Group,

Inc

2

.200

11/01/24

477,734‌

1,500,000

PNC

Financial

Services

Group,

Inc

2

.600

07/23/26

1,388,508‌

3,000,000

PNC

Financial

Services

Group,

Inc

1

.150

08/13/26

2,633,323‌

300,000

e

PNC

Financial

Services

Group,

Inc

3

.150

05/19/27

280,129‌

1,500,000

PNC

Financial

Services

Group,

Inc

5

.354

12/02/28

1,511,806‌

1,575,000

PNC

Financial

Services

Group,

Inc

3

.450

04/23/29

1,439,656‌

2,000,000

PNC

Financial

Services

Group,

Inc

2

.550

01/22/30

1,696,773‌

750,000

PNC

Financial

Services

Group,

Inc

4

.626

06/06/33

692,864‌

1,000,000

PNC

Financial

Services

Group,

Inc

6

.037

10/28/33

1,041,100‌

825,000

PNC

Financial

Services

Group,

Inc

6

.200

N/A‡

806,231‌

300,000

Regions

Bank

6

.450

06/26/37

311,941‌

225,000

Regions

Financial

Corp

2

.250

05/18/25

210,265‌

1,000,000

Regions

Financial

Corp

1

.800

08/12/28

848,345‌

500,000

Royal

Bank

of

Canada

1

.600

04/17/23

495,673‌

850,000

Royal

Bank

of

Canada

3

.700

10/05/23

841,928‌

1,000,000

Royal

Bank

of

Canada

0

.425

01/19/24

954,705‌

1,000,000

Royal

Bank

of

Canada

2

.550

07/16/24

964,769‌

750,000

Royal

Bank

of

Canada

2

.250

11/01/24

714,931‌

1,000,000

Royal

Bank

of

Canada

3

.375

04/14/25

966,323‌

2,000,000

Royal

Bank

of

Canada

1

.150

06/10/25

1,830,663‌

1,000,000

Royal

Bank

of

Canada

0

.875

01/20/26

887,833‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

11

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

1,000,000

Royal

Bank

of

Canada

4

.650

%

01/27/26

$

986,642‌

2,000,000

Royal

Bank

of

Canada

1

.200

04/27/26

1,778,259‌

2,000,000

Royal

Bank

of

Canada

1

.150

07/14/26

1,761,040‌

1,500,000

Royal

Bank

of

Canada

1

.400

11/02/26

1,316,000‌

1,000,000

e

Royal

Bank

of

Canada

3

.625

05/04/27

950,398‌

1,000,000

Royal

Bank

of

Canada

4

.240

08/03/27

974,070‌

1,600,000

Royal

Bank

of

Canada

2

.300

11/03/31

1,286,889‌

500,000

Royal

Bank

of

Canada

3

.875

05/04/32

455,283‌

750,000

Royal

Bank

of

Scotland

Group

plc

4

.269

03/22/25

733,409‌

750,000

Royal

Bank

of

Scotland

Group

plc

4

.800

04/05/26

733,448‌

300,000

Royal

Bank

of

Scotland

Group

plc

3

.073

05/22/28

268,095‌

1,000,000

Royal

Bank

of

Scotland

Group

plc

4

.892

05/18/29

946,162‌

750,000

Royal

Bank

of

Scotland

Group

plc

3

.754

11/01/29

695,622‌

3,000,000

Royal

Bank

of

Scotland

Group

plc

5

.076

01/27/30

2,826,095‌

1,500,000

Royal

Bank

of

Scotland

Group

plc

4

.445

05/08/30

1,358,264‌

375,000

Santander

Holdings

USA,

Inc

3

.500

06/07/24

364,319‌

1,000,000

Santander

Holdings

USA,

Inc

3

.450

06/02/25

952,890‌

775,000

Santander

Holdings

USA,

Inc

4

.500

07/17/25

757,649‌

1,850,000

Santander

Holdings

USA,

Inc

3

.244

10/05/26

1,716,922‌

650,000

Santander

Holdings

USA,

Inc

4

.400

07/13/27

619,885‌

2,000,000

Santander

Holdings

USA,

Inc

2

.490

01/06/28

1,715,965‌

775,000

Santander

UK

Group

Holdings

plc

3

.373

01/05/24

775,000‌

1,000,000

Santander

UK

Group

Holdings

plc

1

.532

08/21/26

880,885‌

1,000,000

Santander

UK

Group

Holdings

plc

1

.673

06/14/27

850,293‌

2,000,000

Santander

UK

Group

Holdings

plc

2

.469

01/11/28

1,707,919‌

500,000

Santander

UK

Group

Holdings

plc

3

.823

11/03/28

446,810‌

750,000

Santander

UK

Group

Holdings

plc

2

.896

03/15/32

579,536‌

525,000

State

Street

Corp

5

.820

11/04/28

542,154‌

800,000

Sumitomo

Mitsui

Banking

Corp

3

.000

01/18/23

799,374‌

300,000

Sumitomo

Mitsui

Banking

Corp

3

.950

01/10/24

295,917‌

500,000

Sumitomo

Mitsui

Banking

Corp

3

.400

07/11/24

484,795‌

250,000

Sumitomo

Mitsui

Banking

Corp

3

.650

07/23/25

239,549‌

900,000

Sumitomo

Mitsui

Financial

Group,

Inc

3

.748

07/19/23

893,519‌

1,000,000

Sumitomo

Mitsui

Financial

Group,

Inc

0

.508

01/12/24

951,981‌

1,000,000

Sumitomo

Mitsui

Financial

Group,

Inc

2

.448

09/27/24

950,551‌

1,000,000

Sumitomo

Mitsui

Financial

Group,

Inc

0

.948

01/12/26

880,680‌

1,300,000

Sumitomo

Mitsui

Financial

Group,

Inc

3

.784

03/09/26

1,250,422‌

1,000,000

Sumitomo

Mitsui

Financial

Group,

Inc

1

.402

09/17/26

870,817‌

700,000

Sumitomo

Mitsui

Financial

Group,

Inc

3

.010

10/19/26

646,193‌

725,000

Sumitomo

Mitsui

Financial

Group,

Inc

3

.446

01/11/27

678,028‌

1,000,000

Sumitomo

Mitsui

Financial

Group,

Inc

2

.174

01/14/27

886,443‌

775,000

Sumitomo

Mitsui

Financial

Group,

Inc

3

.364

07/12/27

716,603‌

500,000

Sumitomo

Mitsui

Financial

Group,

Inc

3

.352

10/18/27

459,667‌

675,000

Sumitomo

Mitsui

Financial

Group,

Inc

3

.544

01/17/28

621,308‌

750,000

e

Sumitomo

Mitsui

Financial

Group,

Inc

3

.944

07/19/28

705,004‌

1,500,000

Sumitomo

Mitsui

Financial

Group,

Inc

1

.902

09/17/28

1,236,023‌

500,000

Sumitomo

Mitsui

Financial

Group,

Inc

4

.306

10/16/28

479,604‌

1,500,000

Sumitomo

Mitsui

Financial

Group,

Inc

2

.472

01/14/29

1,263,376‌

1,500,000

Sumitomo

Mitsui

Financial

Group,

Inc

3

.040

07/16/29

1,296,986‌

500,000

Sumitomo

Mitsui

Financial

Group,

Inc

3

.202

09/17/29

429,278‌

1,000,000

Sumitomo

Mitsui

Financial

Group,

Inc

2

.724

09/27/29

843,390‌

1,500,000

Sumitomo

Mitsui

Financial

Group,

Inc

2

.750

01/15/30

1,258,640‌

1,500,000

Sumitomo

Mitsui

Financial

Group,

Inc

2

.130

07/08/30

1,185,391‌

1,000,000

Sumitomo

Mitsui

Financial

Group,

Inc

2

.142

09/23/30

769,374‌

1,000,000

Sumitomo

Mitsui

Financial

Group,

Inc

1

.710

01/12/31

751,329‌

1,500,000

e

Sumitomo

Mitsui

Financial

Group,

Inc

2

.222

09/17/31

1,156,864‌

1,500,000

Sumitomo

Mitsui

Financial

Group,

Inc

2

.296

01/12/41

941,555‌

1,000,000

e

Sumitomo

Mitsui

Financial

Group,

Inc

2

.930

09/17/41

672,433‌

1,500,000

e

Sumitomo

Mitsui

Financial

Group,

Inc

3

.050

01/14/42

1,048,265‌

1,000,000

SVB

Financial

Group

1

.800

10/28/26

875,000‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

12

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

500,000

SVB

Financial

Group

4

.345

%

04/29/28

$

472,817‌

750,000

SVB

Financial

Group

2

.100

05/15/28

620,103‌

300,000

SVB

Financial

Group

3

.125

06/05/30

248,337‌

500,000

e

SVB

Financial

Group

4

.570

04/29/33

442,395‌

889,000

Svenska

Handelsbanken

AB

3

.900

11/20/23

880,134‌

1,000,000

Synchrony

Bank

5

.625

08/23/27

974,432‌

1,000,000

Synovus

Financial

Corp

5

.200

08/11/25

986,506‌

500,000

Toronto-Dominion

Bank

3

.500

07/19/23

496,404‌

1,525,000

Toronto-Dominion

Bank

3

.250

03/11/24

1,492,921‌

1,250,000

Toronto-Dominion

Bank

2

.650

06/12/24

1,209,200‌

1,000,000

Toronto-Dominion

Bank

1

.150

06/12/25

912,264‌

1,000,000

Toronto-Dominion

Bank

0

.750

09/11/25

892,607‌

2,000,000

Toronto-Dominion

Bank

0

.750

01/06/26

1,768,447‌

2,000,000

Toronto-Dominion

Bank

1

.200

06/03/26

1,763,541‌

1,500,000

Toronto-Dominion

Bank

1

.250

09/10/26

1,311,609‌

1,000,000

Toronto-Dominion

Bank

2

.800

03/10/27

917,098‌

3,000,000

Toronto-Dominion

Bank

4

.108

06/08/27

2,899,951‌

1,500,000

Toronto-Dominion

Bank

4

.693

09/15/27

1,482,858‌

1,500,000

Toronto-Dominion

Bank

2

.000

09/10/31

1,181,078‌

1,000,000

Toronto-Dominion

Bank

3

.625

09/15/31

921,053‌

1,000,000

Toronto-Dominion

Bank

2

.450

01/12/32

809,939‌

500,000

Toronto-Dominion

Bank

3

.200

03/10/32

430,484‌

800,000

Toronto-Dominion

Bank

4

.456

06/08/32

762,536‌

500,000

Truist

Bank

3

.000

02/02/23

499,277‌

500,000

Truist

Bank

3

.689

08/02/24

495,445‌

750,000

Truist

Bank

2

.150

12/06/24

713,018‌

1,000,000

Truist

Bank

1

.500

03/10/25

927,770‌

500,000

Truist

Bank

3

.625

09/16/25

480,112‌

200,000

Truist

Bank

4

.050

11/03/25

195,994‌

375,000

Truist

Bank

3

.300

05/15/26

350,758‌

500,000

Truist

Bank

3

.800

10/30/26

472,796‌

750,000

Truist

Bank

2

.636

09/17/29

701,390‌

475,000

Truist

Bank

2

.250

03/11/30

385,158‌

1,000,000

Truist

Financial

Corp

2

.500

08/01/24

960,870‌

825,000

Truist

Financial

Corp

2

.850

10/26/24

795,519‌

900,000

Truist

Financial

Corp

4

.000

05/01/25

879,741‌

975,000

Truist

Financial

Corp

3

.700

06/05/25

947,930‌

750,000

Truist

Financial

Corp

1

.200

08/05/25

685,990‌

1,000,000

Truist

Financial

Corp

4

.260

07/28/26

982,556‌

1,300,000

Truist

Financial

Corp

1

.267

03/02/27

1,151,670‌

1,000,000

Truist

Financial

Corp

1

.125

08/03/27

842,993‌

750,000

Truist

Financial

Corp

4

.123

06/06/28

717,806‌

500,000

Truist

Financial

Corp

3

.875

03/19/29

461,051‌

2,000,000

Truist

Financial

Corp

1

.887

06/07/29

1,674,064‌

1,000,000

Truist

Financial

Corp

4

.916

07/28/33

937,993‌

1,000,000

Truist

Financial

Corp

6

.123

10/28/33

1,052,102‌

125,000

US

Bancorp

3

.700

01/30/24

123,361‌

1,225,000

US

Bancorp

3

.375

02/05/24

1,203,116‌

2,225,000

US

Bancorp

3

.600

09/11/24

2,177,949‌

125,000

US

Bancorp

3

.950

11/17/25

121,948‌

750,000

US

Bancorp

3

.100

04/27/26

708,387‌

700,000

US

Bancorp

2

.375

07/22/26

645,918‌

1,175,000

US

Bancorp

3

.150

04/27/27

1,103,112‌

750,000

US

Bancorp

3

.900

04/26/28

719,259‌

600,000

US

Bancorp

3

.000

07/30/29

526,786‌

2,500,000

US

Bancorp

1

.375

07/22/30

1,932,236‌

1,000,000

US

Bancorp

4

.967

07/22/33

948,779‌

1,000,000

US

Bancorp

5

.850

10/21/33

1,038,140‌

1,000,000

US

Bancorp

2

.491

11/03/36

760,972‌

750,000

US

Bank

NA

2

.800

01/27/25

722,589‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

13

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

1,000,000

Valley

National

Bancorp

3

.000

%

06/15/31

$

879,369‌

125,000

Wachovia

Corp

5

.500

08/01/35

121,343‌

200,000

Webster

Financial

Corp

4

.100

03/25/29

181,310‌

334,000

Wells

Fargo

&

Co

4

.480

01/16/24

331,452‌

2,700,000

Wells

Fargo

&

Co

3

.300

09/09/24

2,620,256‌

4,100,000

Wells

Fargo

&

Co

3

.000

02/19/25

3,927,457‌

1,125,000

Wells

Fargo

&

Co

3

.550

09/29/25

1,081,891‌

2,000,000

Wells

Fargo

&

Co

2

.406

10/30/25

1,891,352‌

1,500,000

Wells

Fargo

&

Co

2

.164

02/11/26

1,398,350‌

3,350,000

Wells

Fargo

&

Co

3

.000

04/22/26

3,133,290‌

2,000,000

Wells

Fargo

&

Co

3

.908

04/25/26

1,943,814‌

1,000,000

Wells

Fargo

&

Co

2

.188

04/30/26

930,658‌

1,250,000

Wells

Fargo

&

Co

4

.100

06/03/26

1,210,315‌

1,700,000

Wells

Fargo

&

Co

4

.540

08/15/26

1,665,931‌

2,575,000

Wells

Fargo

&

Co

3

.000

10/23/26

2,379,855‌

1,500,000

Wells

Fargo

&

Co

3

.196

06/17/27

1,391,373‌

1,200,000

Wells

Fargo

&

Co

4

.300

07/22/27

1,154,792‌

1,300,000

Wells

Fargo

&

Co

3

.526

03/24/28

1,203,801‌

2,125,000

Wells

Fargo

&

Co

3

.584

05/22/28

1,973,052‌

5,000,000

Wells

Fargo

&

Co

2

.393

06/02/28

4,412,944‌

1,000,000

Wells

Fargo

&

Co

4

.808

07/25/28

976,696‌

6,175,000

Wells

Fargo

&

Co

4

.150

01/24/29

5,804,051‌

4,950,000

Wells

Fargo

&

Co

2

.879

10/30/30

4,204,553‌

3,000,000

Wells

Fargo

&

Co

2

.572

02/11/31

2,484,199‌

5,000,000

Wells

Fargo

&

Co

4

.478

04/04/31

4,687,028‌

6,000,000

Wells

Fargo

&

Co

3

.350

03/02/33

5,054,387‌

3,500,000

Wells

Fargo

&

Co

4

.897

07/25/33

3,323,366‌

7,025,000

Wells

Fargo

&

Co

3

.068

04/30/41

5,010,866‌

1,050,000

Wells

Fargo

&

Co

5

.375

11/02/43

976,159‌

1,468,000

Wells

Fargo

&

Co

5

.606

01/15/44

1,423,217‌

475,000

Wells

Fargo

&

Co

4

.650

11/04/44

399,844‌

1,500,000

Wells

Fargo

&

Co

3

.900

05/01/45

1,155,353‌

950,000

Wells

Fargo

&

Co

4

.900

11/17/45

817,828‌

3,250,000

Wells

Fargo

&

Co

4

.400

06/14/46

2,610,484‌

1,975,000

Wells

Fargo

&

Co

4

.750

12/07/46

1,653,957‌

1,500,000

Wells

Fargo

&

Co

5

.013

04/04/51

1,321,314‌

2,000,000

Wells

Fargo

&

Co

4

.611

04/25/53

1,693,424‌

250,000

Wells

Fargo

Bank

NA

6

.600

01/15/38

270,097‌

1,000,000

Western

Alliance

Bancorp

3

.000

06/15/31

843,975‌

300,000

Westpac

Banking

Corp

2

.750

01/11/23

299,879‌

2,000,000

Westpac

Banking

Corp

2

.350

02/19/25

1,897,658‌

1,000,000

Westpac

Banking

Corp

2

.850

05/13/26

937,824‌

2,000,000

Westpac

Banking

Corp

1

.150

06/03/26

1,765,872‌

675,000

Westpac

Banking

Corp

2

.700

08/19/26

626,787‌

850,000

Westpac

Banking

Corp

3

.350

03/08/27

799,780‌

1,500,000

e

Westpac

Banking

Corp

4

.043

08/26/27

1,460,683‌

2,000,000

Westpac

Banking

Corp

5

.457

11/18/27

2,042,540‌

725,000

Westpac

Banking

Corp

3

.400

01/25/28

675,356‌

2,000,000

Westpac

Banking

Corp

1

.953

11/20/28

1,700,787‌

1,000,000

Westpac

Banking

Corp

2

.894

02/04/30

916,781‌

1,500,000

e

Westpac

Banking

Corp

2

.150

06/03/31

1,244,998‌

950,000

Westpac

Banking

Corp

4

.322

11/23/31

894,102‌

1,000,000

Westpac

Banking

Corp

5

.405

08/10/33

933,720‌

600,000

Westpac

Banking

Corp

4

.110

07/24/34

514,421‌

2,350,000

Westpac

Banking

Corp

2

.668

11/15/35

1,746,653‌

500,000

Westpac

Banking

Corp

3

.020

11/18/36

371,734‌

900,000

e

Westpac

Banking

Corp

4

.421

07/24/39

742,884‌

225,000

Westpac

Banking

Corp

2

.963

11/16/40

148,560‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

14

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

400,000

Zions

Bancorp

NA

3

.250

%

10/29/29

$

326,880‌

TOTAL

BANKS

845,085,222‌

CAPITAL

GOODS

-

1

.1

%

600,000

3M

Co

3

.250

02/14/24

588,827‌

1,000,000

3M

Co

2

.000

02/14/25

947,093‌

1,200,000

e

3M

Co

3

.000

08/07/25

1,149,991‌

675,000

3M

Co

2

.875

10/15/27

622,936‌

925,000

3M

Co

3

.625

09/14/28

877,437‌

500,000

e

3M

Co

3

.375

03/01/29

460,626‌

1,000,000

e

3M

Co

2

.375

08/26/29

848,139‌

200,000

e

3M

Co

3

.125

09/19/46

136,956‌

300,000

3M

Co

3

.625

10/15/47

223,228‌

1,150,000

e

3M

Co

4

.000

09/14/48

904,009‌

875,000

e

3M

Co

3

.250

08/26/49

607,623‌

820,000

e

3M

Co

3

.700

04/15/50

627,688‌

1,000,000

Acuity

Brands

Lighting,

Inc

2

.150

12/15/30

767,949‌

200,000

Air

Lease

Corp

2

.750

01/15/23

199,765‌

750,000

Air

Lease

Corp

3

.875

07/03/23

743,227‌

2,000,000

Air

Lease

Corp

0

.700

02/15/24

1,889,189‌

750,000

Air

Lease

Corp

2

.300

02/01/25

698,272‌

750,000

Air

Lease

Corp

3

.375

07/01/25

709,366‌

1,000,000

Air

Lease

Corp

2

.875

01/15/26

925,256‌

1,000,000

Air

Lease

Corp

3

.750

06/01/26

936,658‌

1,500,000

Air

Lease

Corp

1

.875

08/15/26

1,302,806‌

1,000,000

Air

Lease

Corp

2

.200

01/15/27

871,458‌

500,000

Air

Lease

Corp

3

.625

04/01/27

455,569‌

200,000

Air

Lease

Corp

3

.625

12/01/27

180,907‌

300,000

Air

Lease

Corp

4

.625

10/01/28

280,602‌

500,000

Air

Lease

Corp

3

.250

10/01/29

425,738‌

750,000

Air

Lease

Corp

3

.000

02/01/30

625,480‌

500,000

Air

Lease

Corp

3

.125

12/01/30

414,348‌

200,000

Aircastle

Ltd

4

.400

09/25/23

198,008‌

1,000,000

Aircastle

Ltd

4

.125

05/01/24

966,649‌

500,000

Aircastle

Ltd

4

.250

06/15/26

470,216‌

500,000

Allegion

plc

3

.500

10/01/29

430,830‌

100,000

Boeing

Co

4

.508

05/01/23

99,815‌

1,500,000

Boeing

Co

1

.950

02/01/24

1,445,033‌

2,000,000

Boeing

Co

1

.433

02/04/24

1,916,614‌

300,000

Boeing

Co

2

.800

03/01/24

290,888‌

5,700,000

Boeing

Co

4

.875

05/01/25

5,656,355‌

400,000

e

Boeing

Co

2

.600

10/30/25

371,692‌

2,000,000

Boeing

Co

2

.750

02/01/26

1,853,453‌

3,000,000

Boeing

Co

2

.196

02/04/26

2,725,688‌

300,000

Boeing

Co

3

.100

05/01/26

282,289‌

200,000

Boeing

Co

2

.250

06/15/26

180,039‌

500,000

Boeing

Co

2

.700

02/01/27

451,330‌

250,000

Boeing

Co

2

.800

03/01/27

225,584‌

1,900,000

Boeing

Co

5

.040

05/01/27

1,879,057‌

500,000

Boeing

Co

3

.250

03/01/28

446,921‌

125,000

Boeing

Co

3

.450

11/01/28

111,822‌

600,000

Boeing

Co

3

.200

03/01/29

526,134‌

750,000

Boeing

Co

2

.950

02/01/30

635,192‌

1,600,000

Boeing

Co

5

.150

05/01/30

1,561,023‌

1,000,000

Boeing

Co

3

.625

02/01/31

876,167‌

300,000

Boeing

Co

3

.600

05/01/34

239,871‌

425,000

Boeing

Co

3

.250

02/01/35

323,212‌

500,000

Boeing

Co

3

.550

03/01/38

368,382‌

600,000

Boeing

Co

3

.500

03/01/39

432,357‌

350,000

Boeing

Co

5

.875

02/15/40

335,966‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

15

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

CAPITAL

GOODS—continued

$

2,000,000

Boeing

Co

5

.705

%

05/01/40

$

1,907,125‌

300,000

Boeing

Co

3

.375

06/15/46

194,925‌

250,000

Boeing

Co

3

.650

03/01/47

167,704‌

100,000

Boeing

Co

3

.625

03/01/48

65,427‌

100,000

Boeing

Co

3

.850

11/01/48

68,640‌

5,000,000

Boeing

Co

5

.805

05/01/50

4,635,879‌

125,000

Boeing

Co

3

.825

03/01/59

79,912‌

750,000

Boeing

Co

3

.950

08/01/59

503,640‌

4,500,000

Boeing

Co

5

.930

05/01/60

4,099,249‌

200,000

Carlisle

Cos,

Inc

3

.500

12/01/24

193,264‌

1,000,000

Carlisle

Cos,

Inc

2

.750

03/01/30

832,092‌

1,000,000

Carlisle

Cos,

Inc

2

.200

03/01/32

759,688‌

1,444,000

Carrier

Global

Corp

2

.493

02/15/27

1,301,640‌

1,100,000

Carrier

Global

Corp

2

.722

02/15/30

926,083‌

150,000

Carrier

Global

Corp

2

.700

02/15/31

123,788‌

2,000,000

Carrier

Global

Corp

3

.377

04/05/40

1,517,945‌

900,000

Carrier

Global

Corp

3

.577

04/05/50

641,750‌

1,000,000

Caterpillar

Financial

Services

Corp

2

.850

05/17/24

972,163‌

1,000,000

Caterpillar

Financial

Services

Corp

4

.900

01/17/25

1,002,639‌

1,000,000

Caterpillar

Financial

Services

Corp

3

.400

05/13/25

971,530‌

1,000,000

Caterpillar

Financial

Services

Corp

1

.450

05/15/25

928,306‌

1,000,000

Caterpillar

Financial

Services

Corp

0

.800

11/13/25

896,954‌

3,000,000

Caterpillar

Financial

Services

Corp

0

.900

03/02/26

2,673,604‌

500,000

Caterpillar

Financial

Services

Corp

2

.400

08/09/26

461,541‌

2,000,000

Caterpillar

Financial

Services

Corp

1

.150

09/14/26

1,765,187‌

1,000,000

Caterpillar

Financial

Services

Corp

3

.600

08/12/27

954,213‌

2,775,000

Caterpillar,

Inc

3

.400

05/15/24

2,721,229‌

500,000

Caterpillar,

Inc

2

.600

09/19/29

439,795‌

1,000,000

e

Caterpillar,

Inc

1

.900

03/12/31

811,579‌

225,000

Caterpillar,

Inc

5

.200

05/27/41

228,781‌

2,363,000

Caterpillar,

Inc

3

.803

08/15/42

2,013,021‌

300,000

Caterpillar,

Inc

4

.300

05/15/44

270,940‌

750,000

Caterpillar,

Inc

3

.250

09/19/49

565,189‌

750,000

Caterpillar,

Inc

3

.250

04/09/50

567,271‌

225,000

CNH

Industrial

Capital

LLC

1

.950

07/02/23

221,162‌

1,000,000

CNH

Industrial

Capital

LLC

1

.875

01/15/26

906,793‌

1,000,000

CNH

Industrial

Capital

LLC

1

.450

07/15/26

881,306‌

500,000

CNH

Industrial

NV

3

.850

11/15/27

468,324‌

200,000

Crane

Co

4

.200

03/15/48

141,267‌

200,000

Cummins,

Inc

3

.650

10/01/23

198,056‌

500,000

Cummins,

Inc

0

.750

09/01/25

450,808‌

1,000,000

Cummins,

Inc

1

.500

09/01/30

784,243‌

200,000

Cummins,

Inc

4

.875

10/01/43

188,826‌

750,000

Cummins,

Inc

2

.600

09/01/50

464,307‌

218,000

Deere

&

Co

5

.375

10/16/29

225,800‌

500,000

e

Deere

&

Co

2

.875

09/07/49

356,399‌

825,000

Dover

Corp

3

.150

11/15/25

785,517‌

100,000

Dover

Corp

2

.950

11/04/29

87,032‌

100,000

Dover

Corp

5

.375

03/01/41

96,125‌

200,000

Eaton

Corp

3

.103

09/15/27

186,047‌

150,000

Eaton

Corp

4

.000

11/02/32

138,121‌

1,250,000

Eaton

Corp

4

.150

03/15/33

1,162,022‌

925,000

Eaton

Corp

4

.150

11/02/42

790,487‌

200,000

Eaton

Corp

3

.915

09/15/47

162,367‌

1,250,000

Eaton

Corp

4

.700

08/23/52

1,130,942‌

200,000

Emerson

Electric

Co

3

.150

06/01/25

193,093‌

1,000,000

Emerson

Electric

Co

0

.875

10/15/26

865,095‌

500,000

Emerson

Electric

Co

1

.800

10/15/27

436,334‌

500,000

Emerson

Electric

Co

2

.000

12/21/28

424,564‌

750,000

Emerson

Electric

Co

1

.950

10/15/30

606,808‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

16

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

CAPITAL

GOODS—continued

$

500,000

Emerson

Electric

Co

2

.200

%

12/21/31

$

404,153‌

200,000

Emerson

Electric

Co

5

.250

11/15/39

196,665‌

500,000

Emerson

Electric

Co

2

.750

10/15/50

322,737‌

500,000

Emerson

Electric

Co

2

.800

12/21/51

321,667‌

500,000

Flowserve

Corp

3

.500

10/01/30

416,780‌

1,000,000

Flowserve

Corp

2

.800

01/15/32

749,045‌

875,000

Fortive

Corp

3

.150

06/15/26

817,056‌

250,000

Fortive

Corp

4

.300

06/15/46

195,025‌

600,000

Fortune

Brands

Home

&

Security,

Inc

4

.000

09/21/23

595,698‌

200,000

Fortune

Brands

Home

&

Security,

Inc

4

.000

06/15/25

194,617‌

500,000

Fortune

Brands

Home

&

Security,

Inc

4

.000

03/25/32

433,521‌

500,000

Fortune

Brands

Home

&

Security,

Inc

4

.500

03/25/52

375,378‌

200,000

GATX

Corp

4

.350

02/15/24

197,040‌

500,000

GATX

Corp

3

.250

09/15/26

463,607‌

200,000

GATX

Corp

3

.500

03/15/28

181,466‌

200,000

GATX

Corp

4

.550

11/07/28

189,652‌

425,000

GATX

Corp

4

.700

04/01/29

403,680‌

500,000

GATX

Corp

4

.000

06/30/30

443,068‌

1,000,000

GATX

Corp

1

.900

06/01/31

737,354‌

500,000

GATX

Corp

4

.900

03/15/33

466,219‌

225,000

GATX

Corp

5

.200

03/15/44

194,932‌

3,000,000

General

Dynamics

Corp

1

.150

06/01/26

2,663,540‌

900,000

General

Dynamics

Corp

2

.250

06/01/31

752,815‌

1,000,000

General

Dynamics

Corp

2

.850

06/01/41

739,502‌

225,000

General

Dynamics

Corp

3

.600

11/15/42

184,121‌

1,950,000

General

Dynamics

Corp

4

.250

04/01/50

1,729,697‌

2,300,000

Honeywell

International,

Inc

1

.350

06/01/25

2,126,213‌

1,700,000

Honeywell

International,

Inc

2

.500

11/01/26

1,565,633‌

2,000,000

Honeywell

International,

Inc

1

.100

03/01/27

1,738,094‌

950,000

Honeywell

International,

Inc

1

.950

06/01/30

783,913‌

782,000

Honeywell

International,

Inc

3

.812

11/21/47

646,192‌

575,000

e

Honeywell

International,

Inc

2

.800

06/01/50

408,621‌

200,000

Hubbell,

Inc

3

.350

03/01/26

189,957‌

500,000

Hubbell,

Inc

3

.150

08/15/27

454,518‌

200,000

Hubbell,

Inc

3

.500

02/15/28

184,088‌

1,000,000

Hubbell,

Inc

2

.300

03/15/31

794,488‌

1,000,000

Huntington

Ingalls

Industries,

Inc

0

.670

08/16/23

970,970‌

500,000

Huntington

Ingalls

Industries,

Inc

3

.844

05/01/25

483,104‌

500,000

Huntington

Ingalls

Industries,

Inc

4

.200

05/01/30

453,814‌

500,000

IDEX

Corp

3

.000

05/01/30

427,922‌

1,000,000

e

IDEX

Corp

2

.625

06/15/31

827,800‌

1,000,000

Illinois

Tool

Works,

Inc

2

.650

11/15/26

928,696‌

200,000

Illinois

Tool

Works,

Inc

4

.875

09/15/41

192,987‌

1,000,000

Illinois

Tool

Works,

Inc

3

.900

09/01/42

849,398‌

300,000

Ingersoll-Rand

Global

Holding

Co

Ltd

4

.250

06/15/23

299,305‌

400,000

Ingersoll-Rand

Global

Holding

Co

Ltd

3

.750

08/21/28

374,563‌

200,000

Ingersoll-Rand

Global

Holding

Co

Ltd

5

.750

06/15/43

195,756‌

450,000

Ingersoll-Rand

Global

Holding

Co

Ltd

4

.300

02/21/48

345,656‌

600,000

Ingersoll-Rand

Luxembourg

Finance

S.A.

3

.550

11/01/24

584,635‌

100,000

Ingersoll-Rand

Luxembourg

Finance

S.A.

3

.500

03/21/26

94,335‌

1,000,000

Ingersoll-Rand

Luxembourg

Finance

S.A.

3

.800

03/21/29

920,376‌

300,000

Ingersoll-Rand

Luxembourg

Finance

S.A.

4

.500

03/21/49

243,074‌

750,000

John

Deere

Capital

Corp

3

.450

01/10/24

740,408‌

3,000,000

John

Deere

Capital

Corp

0

.450

06/07/24

2,819,482‌

850,000

John

Deere

Capital

Corp

2

.650

06/24/24

824,249‌

500,000

John

Deere

Capital

Corp

2

.050

01/09/25

474,631‌

125,000

John

Deere

Capital

Corp

3

.400

09/11/25

120,960‌

1,000,000

John

Deere

Capital

Corp

0

.700

01/15/26

889,840‌

500,000

John

Deere

Capital

Corp

2

.250

09/14/26

460,330‌

1,000,000

John

Deere

Capital

Corp

1

.300

10/13/26

884,047‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

17

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

CAPITAL

GOODS—continued

$

1,500,000

John

Deere

Capital

Corp

1

.700

%

01/11/27

$

1,337,548‌

250,000

John

Deere

Capital

Corp

1

.750

03/09/27

222,606‌

200,000

John

Deere

Capital

Corp

2

.800

09/08/27

184,205‌

1,000,000

John

Deere

Capital

Corp

4

.150

09/15/27

980,720‌

200,000

John

Deere

Capital

Corp

3

.050

01/06/28

186,742‌

2,000,000

John

Deere

Capital

Corp

1

.500

03/06/28

1,705,516‌

1,500,000

John

Deere

Capital

Corp

3

.350

04/18/29

1,386,111‌

500,000

John

Deere

Capital

Corp

2

.800

07/18/29

445,439‌

1,000,000

John

Deere

Capital

Corp

4

.850

10/11/29

1,000,973‌

500,000

John

Deere

Capital

Corp

2

.450

01/09/30

430,775‌

1,000,000

John

Deere

Capital

Corp

1

.450

01/15/31

781,790‌

2,000,000

John

Deere

Capital

Corp

2

.000

06/17/31

1,615,693‌

450,000

John

Deere

Capital

Corp

3

.900

06/07/32

420,062‌

1,000,000

John

Deere

Capital

Corp

4

.350

09/15/32

971,442‌

474,000

Johnson

Controls

International

plc

3

.900

02/14/26

460,284‌

1,000,000

Johnson

Controls

International

plc

1

.750

09/15/30

798,776‌

1,000,000

Johnson

Controls

International

plc

2

.000

09/16/31

789,345‌

500,000

Johnson

Controls

International

plc

4

.900

12/01/32

491,471‌

207,000

Johnson

Controls

International

plc

6

.000

01/15/36

214,853‌

325,000

Johnson

Controls

International

plc

4

.625

07/02/44

281,323‌

35,000

Johnson

Controls

International

plc

5

.125

09/14/45

32,006‌

300,000

Johnson

Controls

International

plc

4

.500

02/15/47

246,565‌

280,000

Johnson

Controls

International

plc

(Step

Bond)

3

.625

07/02/24

273,737‌

72,000

Johnson

Controls

International

plc

(Step

Bond)

4

.950

07/02/64

59,706‌

200,000

Kennametal,

Inc

4

.625

06/15/28

187,620‌

1,000,000

Kennametal,

Inc

2

.800

03/01/31

781,043‌

37,000

KLA-Tencor

Corp

4

.650

11/01/24

36,888‌

300,000

KLA-Tencor

Corp

4

.100

03/15/29

289,454‌

500,000

KLA-Tencor

Corp

5

.000

03/15/49

465,986‌

52,000

L3Harris

Technologies,

Inc

3

.950

05/28/24

51,156‌

600,000

L3Harris

Technologies,

Inc

3

.850

12/15/26

572,207‌

625,000

L3Harris

Technologies,

Inc

4

.400

06/15/28

598,260‌

1,275,000

L3Harris

Technologies,

Inc

4

.400

06/15/28

1,220,450‌

175,000

L3Harris

Technologies,

Inc

2

.900

12/15/29

149,274‌

1,000,000

L3Harris

Technologies,

Inc

1

.800

01/15/31

767,441‌

300,000

L3Harris

Technologies,

Inc

4

.854

04/27/35

279,534‌

600,000

L3Harris

Technologies,

Inc

5

.054

04/27/45

537,551‌

100,000

Legrand

France

S.A.

8

.500

02/15/25

108,128‌

100,000

Lennox

International,

Inc

3

.000

11/15/23

98,216‌

100,000

Lennox

International,

Inc

1

.350

08/01/25

90,513‌

100,000

Lennox

International,

Inc

1

.700

08/01/27

85,718‌

1,100,000

Lockheed

Martin

Corp

3

.550

01/15/26

1,068,542‌

750,000

Lockheed

Martin

Corp

5

.100

11/15/27

766,528‌

150,000

Lockheed

Martin

Corp

1

.850

06/15/30

123,190‌

625,000

Lockheed

Martin

Corp

3

.900

06/15/32

588,934‌

550,000

Lockheed

Martin

Corp

5

.250

01/15/33

567,064‌

300,000

Lockheed

Martin

Corp

3

.600

03/01/35

266,273‌

500,000

Lockheed

Martin

Corp

4

.500

05/15/36

477,125‌

1,833,000

Lockheed

Martin

Corp

4

.070

12/15/42

1,585,666‌

275,000

Lockheed

Martin

Corp

3

.800

03/01/45

224,585‌

200,000

Lockheed

Martin

Corp

4

.700

05/15/46

184,784‌

1,150,000

Lockheed

Martin

Corp

2

.800

06/15/50

773,971‌

1,894,000

Lockheed

Martin

Corp

4

.090

09/15/52

1,586,157‌

1,000,000

Lockheed

Martin

Corp

4

.150

06/15/53

848,137‌

750,000

Lockheed

Martin

Corp

5

.700

11/15/54

785,821‌

1,000,000

Lockheed

Martin

Corp

4

.300

06/15/62

840,017‌

750,000

Lockheed

Martin

Corp

5

.900

11/15/63

805,188‌

200,000

Masco

Corp

3

.500

11/15/27

185,250‌

200,000

Masco

Corp

1

.500

02/15/28

165,579‌

500,000

Masco

Corp

2

.000

10/01/30

387,539‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

18

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

CAPITAL

GOODS—continued

$

550,000

Masco

Corp

2

.000

%

02/15/31

$

423,168‌

700,000

e

Masco

Corp

4

.500

05/15/47

547,348‌

1,000,000

Masco

Corp

3

.125

02/15/51

620,259‌

400,000

Northrop

Grumman

Corp

3

.250

08/01/23

397,430‌

300,000

Northrop

Grumman

Corp

3

.200

02/01/27

281,251‌

3,275,000

Northrop

Grumman

Corp

3

.250

01/15/28

3,020,368‌

425,000

Northrop

Grumman

Corp

4

.400

05/01/30

407,825‌

100,000

Northrop

Grumman

Corp

5

.050

11/15/40

95,942‌

700,000

Northrop

Grumman

Corp

4

.750

06/01/43

646,699‌

300,000

Northrop

Grumman

Corp

3

.850

04/15/45

239,270‌

1,450,000

Northrop

Grumman

Corp

4

.030

10/15/47

1,201,589‌

1,000,000

Northrop

Grumman

Corp

5

.250

05/01/50

984,690‌

100,000

Oshkosh

Corp

3

.100

03/01/30

84,335‌

1,000,000

Otis

Worldwide

Corp

2

.056

04/05/25

935,622‌

1,000,000

Otis

Worldwide

Corp

2

.293

04/05/27

895,028‌

525,000

Otis

Worldwide

Corp

2

.565

02/15/30

441,105‌

500,000

Otis

Worldwide

Corp

3

.112

02/15/40

364,647‌

450,000

Otis

Worldwide

Corp

3

.362

02/15/50

314,741‌

200,000

Parker-Hannifin

Corp

2

.700

06/14/24

192,592‌

300,000

Parker-Hannifin

Corp

3

.300

11/21/24

289,625‌

650,000

Parker-Hannifin

Corp

3

.250

03/01/27

607,094‌

1,500,000

Parker-Hannifin

Corp

4

.250

09/15/27

1,455,292‌

1,825,000

Parker-Hannifin

Corp

3

.250

06/14/29

1,629,721‌

1,500,000

Parker-Hannifin

Corp

4

.500

09/15/29

1,437,374‌

200,000

Parker-Hannifin

Corp

4

.200

11/21/34

180,177‌

200,000

Parker-Hannifin

Corp

4

.450

11/21/44

171,258‌

750,000

Parker-Hannifin

Corp

4

.100

03/01/47

597,825‌

225,000

Parker-Hannifin

Corp

4

.000

06/14/49

177,814‌

500,000

Pentair

Finance

Sarl

5

.900

07/15/32

490,036‌

775,000

Precision

Castparts

Corp

3

.250

06/15/25

746,977‌

400,000

Precision

Castparts

Corp

4

.200

06/15/35

365,610‌

100,000

Precision

Castparts

Corp

3

.900

01/15/43

82,573‌

1,000,000

Quanta

Services,

Inc

2

.900

10/01/30

822,221‌

600,000

Quanta

Services,

Inc

2

.350

01/15/32

455,598‌

1,000,000

Quanta

Services,

Inc

3

.050

10/01/41

657,070‌

52,000

Raytheon

Technologies

Corp

3

.650

08/16/23

51,562‌

500,000

Raytheon

Technologies

Corp

3

.200

03/15/24

490,268‌

300,000

Raytheon

Technologies

Corp

3

.150

12/15/24

288,855‌

1,325,000

Raytheon

Technologies

Corp

3

.500

03/15/27

1,261,819‌

200,000

Raytheon

Technologies

Corp

7

.200

08/15/27

219,591‌

2,550,000

Raytheon

Technologies

Corp

4

.125

11/16/28

2,440,625‌

4,500,000

Raytheon

Technologies

Corp

2

.250

07/01/30

3,744,647‌

1,000,000

Raytheon

Technologies

Corp

1

.900

09/01/31

785,108‌

1,000,000

Raytheon

Technologies

Corp

2

.375

03/15/32

809,816‌

100,000

Raytheon

Technologies

Corp

4

.700

12/15/41

90,123‌

2,150,000

Raytheon

Technologies

Corp

4

.500

06/01/42

1,933,534‌

125,000

Raytheon

Technologies

Corp

4

.800

12/15/43

114,285‌

150,000

Raytheon

Technologies

Corp

4

.200

12/15/44

117,996‌

700,000

Raytheon

Technologies

Corp

4

.350

04/15/47

595,334‌

2,000,000

Raytheon

Technologies

Corp

3

.125

07/01/50

1,400,063‌

1,000,000

Raytheon

Technologies

Corp

2

.820

09/01/51

647,764‌

1,000,000

Raytheon

Technologies

Corp

3

.030

03/15/52

677,949‌

400,000

Rockwell

Automation,

Inc

3

.500

03/01/29

372,461‌

150,000

Rockwell

Automation,

Inc

1

.750

08/15/31

118,756‌

400,000

Rockwell

Automation,

Inc

4

.200

03/01/49

337,118‌

1,000,000

Rockwell

Automation,

Inc

2

.800

08/15/61

592,925‌

200,000

Snap-on,

Inc

3

.250

03/01/27

188,944‌

200,000

Snap-on,

Inc

4

.100

03/01/48

166,759‌

500,000

Snap-on,

Inc

3

.100

05/01/50

356,401‌

500,000

Stanley

Black

&

Decker,

Inc

3

.400

03/01/26

476,835‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

19

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

CAPITAL

GOODS—continued

$

300,000

Stanley

Black

&

Decker,

Inc

4

.250

%

11/15/28

$

287,988‌

1,000,000

Stanley

Black

&

Decker,

Inc

2

.300

03/15/30

819,441‌

1,000,000

e

Stanley

Black

&

Decker,

Inc

3

.000

05/15/32

843,645‌

100,000

Stanley

Black

&

Decker,

Inc

5

.200

09/01/40

94,318‌

425,000

Stanley

Black

&

Decker,

Inc

4

.850

11/15/48

369,195‌

1,500,000

Stanley

Black

&

Decker,

Inc

2

.750

11/15/50

911,605‌

450,000

Stanley

Black

&

Decker,

Inc

4

.000

03/15/60

382,981‌

150,000

Textron,

Inc

4

.000

03/15/26

144,265‌

500,000

Textron,

Inc

3

.650

03/15/27

466,111‌

100,000

Textron,

Inc

3

.375

03/01/28

90,953‌

750,000

Textron,

Inc

3

.900

09/17/29

679,311‌

500,000

Textron,

Inc

3

.000

06/01/30

424,914‌

300,000

e

Textron,

Inc

2

.450

03/15/31

240,071‌

250,000

Timken

Co

3

.875

09/01/24

243,725‌

200,000

Timken

Co

4

.500

12/15/28

190,160‌

1,000,000

Timken

Co

4

.125

04/01/32

889,926‌

100,000

Trimble,

Inc

4

.150

06/15/23

99,305‌

625,000

Trimble,

Inc

4

.900

06/15/28

599,263‌

725,000

United

Technologies

Corp

3

.125

05/04/27

675,133‌

750,000

United

Technologies

Corp

4

.450

11/16/38

681,242‌

1,650,000

United

Technologies

Corp

4

.150

05/15/45

1,375,516‌

2,325,000

United

Technologies

Corp

4

.625

11/16/48

2,094,988‌

200,000

Valmont

Industries,

Inc

5

.000

10/01/44

171,820‌

200,000

Valmont

Industries,

Inc

5

.250

10/01/54

169,413‌

600,000

Wabtec

Corp

4

.400

03/15/24

590,222‌

300,000

Wabtec

Corp

3

.450

11/15/26

278,630‌

875,000

Wabtec

Corp

4

.950

09/15/28

840,047‌

500,000

Westinghouse

Air

Brake

Technologies

Corp

3

.200

06/15/25

470,724‌

750,000

WW

Grainger,

Inc

1

.850

02/15/25

704,076‌

800,000

WW

Grainger,

Inc

4

.600

06/15/45

727,435‌

200,000

WW

Grainger,

Inc

3

.750

05/15/46

156,011‌

125,000

WW

Grainger,

Inc

4

.200

05/15/47

104,256‌

775,000

Xylem,

Inc

3

.250

11/01/26

723,196‌

225,000

Xylem,

Inc

1

.950

01/30/28

193,492‌

150,000

Xylem,

Inc

2

.250

01/30/31

121,680‌

100,000

Xylem,

Inc

4

.375

11/01/46

82,735‌

TOTAL

CAPITAL

GOODS

224,348,340‌

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0

.1

%

1,000,000

Air

Lease

Corp

5

.850

12/15/27

998,863‌

750,000

BayCare

Health

System,

Inc

3

.831

11/15/50

595,570‌

225,000

g

Daimler

Finance

North

America

LLC

3

.650

02/22/24

221,122‌

925,000

Daimler

Finance

North

America

LLC

8

.500

01/18/31

1,140,336‌

500,000

eBay,

Inc

5

.950

11/22/27

513,426‌

500,000

eBay,

Inc

6

.300

11/22/32

519,518‌

125,000

Equifax,

Inc

2

.600

12/15/25

116,270‌

1,000,000

Equifax,

Inc

5

.100

12/15/27

987,090‌

100,000

Equifax,

Inc

3

.100

05/15/30

84,135‌

2,000,000

Equifax,

Inc

2

.350

09/15/31

1,551,902‌

865,000

Fred

Hutchinson

Cancer

Center

4

.966

01/01/52

800,028‌

500,000

Leidos,

Inc

2

.950

05/15/23

496,008‌

500,000

Leidos,

Inc

3

.625

05/15/25

480,133‌

100,000

Leidos,

Inc

4

.375

05/15/30

90,176‌

1,000,000

Leidos,

Inc

2

.300

02/15/31

766,055‌

380,000

MidMichigan

Health

3

.409

06/01/50

261,130‌

100,000

Partners

Healthcare

System,

Inc

3

.765

07/01/48

78,096‌

750,000

Partners

Healthcare

System,

Inc

3

.192

07/01/49

516,247‌

100,000

Partners

Healthcare

System,

Inc

4

.117

07/01/55

79,108‌

1,000,000

Partners

Healthcare

System,

Inc

3

.342

07/01/60

664,507‌

625,000

RELX

Capital,

Inc

4

.000

03/18/29

578,808‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

20

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

COMMERCIAL

&

PROFESSIONAL

SERVICES—continued

$

100,000

RELX

Capital,

Inc

3

.000

%

05/22/30

$

85,215‌

275,000

RELX

Capital,

Inc

4

.750

05/20/32

264,240‌

750,000

Republic

Services,

Inc

3

.200

03/15/25

719,149‌

275,000

Republic

Services,

Inc

0

.875

11/15/25

246,298‌

900,000

Republic

Services,

Inc

2

.900

07/01/26

838,357‌

100,000

Republic

Services,

Inc

3

.375

11/15/27

93,171‌

500,000

Republic

Services,

Inc

2

.300

03/01/30

418,463‌

1,000,000

Republic

Services,

Inc

1

.450

02/15/31

770,921‌

575,000

e

Republic

Services,

Inc

1

.750

02/15/32

441,413‌

1,000,000

e

Republic

Services,

Inc

2

.375

03/15/33

797,502‌

1,000,000

Republic

Services,

Inc

3

.050

03/01/50

687,187‌

880,000

Rockefeller

Foundation

2

.492

10/01/50

557,543‌

600,000

Thomson

Reuters

Corp

4

.300

11/23/23

595,795‌

1,200,000

Thomson

Reuters

Corp

3

.350

05/15/26

1,135,206‌

145,000

Thomson

Reuters

Corp

5

.850

04/15/40

139,771‌

200,000

Thomson

Reuters

Corp

5

.650

11/23/43

183,615‌

1,000,000

Triton

Container

International

Ltd

3

.250

03/15/32

772,050‌

500,000

Verisk

Analytics,

Inc

4

.000

06/15/25

485,986‌

850,000

Verisk

Analytics,

Inc

4

.125

03/15/29

795,712‌

300,000

Verisk

Analytics,

Inc

5

.500

06/15/45

281,639‌

200,000

Verisk

Analytics,

Inc

3

.625

05/15/50

138,027‌

750,000

Waste

Connections,

Inc

3

.500

05/01/29

686,176‌

500,000

Waste

Connections,

Inc

2

.600

02/01/30

426,318‌

700,000

Waste

Connections,

Inc

2

.200

01/15/32

555,315‌

100,000

Waste

Connections,

Inc

3

.200

06/01/32

85,784‌

425,000

Waste

Connections,

Inc

4

.200

01/15/33

394,716‌

500,000

Waste

Connections,

Inc

3

.050

04/01/50

340,618‌

575,000

Waste

Connections,

Inc

2

.950

01/15/52

376,990‌

500,000

Waste

Management,

Inc

1

.150

03/15/28

417,630‌

1,000,000

Waste

Management,

Inc

2

.000

06/01/29

846,219‌

1,000,000

Waste

Management,

Inc

1

.500

03/15/31

781,839‌

1,500,000

Waste

Management,

Inc

4

.150

04/15/32

1,427,203‌

1,000,000

Waste

Management,

Inc

2

.950

06/01/41

742,164‌

250,000

Waste

Management,

Inc

2

.500

11/15/50

155,747‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

29,222,507‌

CONSUMER

DURABLES

&

APPAREL

-

0

.1

%

500,000

Brunswick

Corp

0

.850

08/18/24

461,946‌

1,000,000

Brunswick

Corp

2

.400

08/18/31

735,196‌

500,000

e

Brunswick

Corp

4

.400

09/15/32

422,071‌

161,000

Coach,

Inc

4

.125

07/15/27

149,947‌

750,000

DR

Horton,

Inc

2

.500

10/15/24

714,164‌

500,000

DR

Horton,

Inc

2

.600

10/15/25

465,512‌

1,000,000

DR

Horton,

Inc

1

.300

10/15/26

859,959‌

750,000

Hasbro,

Inc

3

.550

11/19/26

703,296‌

775,000

Hasbro,

Inc

3

.500

09/15/27

717,278‌

1,000,000

Hasbro,

Inc

3

.900

11/19/29

888,684‌

100,000

Hasbro,

Inc

6

.350

03/15/40

96,814‌

200,000

Hasbro,

Inc

5

.100

05/15/44

170,260‌

475,000

Leggett

&

Platt,

Inc

3

.500

11/15/27

435,097‌

350,000

Leggett

&

Platt,

Inc

4

.400

03/15/29

328,497‌

1,000,000

Leggett

&

Platt,

Inc

3

.500

11/15/51

699,530‌

1,900,000

Lennar

Corp

4

.750

11/29/27

1,831,622‌

500,000

MDC

Holdings,

Inc

3

.966

08/06/61

279,416‌

750,000

e

Mohawk

Industries,

Inc

3

.625

05/15/30

646,052‌

650,000

NIKE,

Inc

2

.375

11/01/26

599,448‌

300,000

NIKE,

Inc

3

.625

05/01/43

248,545‌

825,000

NIKE,

Inc

3

.875

11/01/45

713,644‌

200,000

NIKE,

Inc

3

.375

11/01/46

154,753‌

2,440,000

e

NIKE,

Inc

3

.375

03/27/50

1,908,873‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

21

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

CONSUMER

DURABLES

&

APPAREL—continued

$

1,000,000

NVR,

Inc

3

.000

%

05/15/30

$

839,493‌

200,000

Ralph

Lauren

Corp

3

.750

09/15/25

194,247‌

1,000,000

Ralph

Lauren

Corp

2

.950

06/15/30

862,141‌

450,000

Tapestry,

Inc

3

.050

03/15/32

350,237‌

400,000

VF

Corp

2

.400

04/23/25

375,478‌

1,000,000

VF

Corp

2

.800

04/23/27

906,336‌

200,000

e

VF

Corp

2

.950

04/23/30

166,112‌

100,000

Whirlpool

Corp

3

.700

03/01/23

99,818‌

100,000

Whirlpool

Corp

4

.000

03/01/24

98,877‌

925,000

Whirlpool

Corp

4

.750

02/26/29

899,247‌

500,000

Whirlpool

Corp

2

.400

05/15/31

396,032‌

475,000

e

Whirlpool

Corp

4

.700

05/14/32

447,618‌

200,000

Whirlpool

Corp

4

.500

06/01/46

154,140‌

775,000

e

Whirlpool

Corp

4

.600

05/15/50

616,046‌

TOTAL

CONSUMER

DURABLES

&

APPAREL

20,636,426‌

CONSUMER

SERVICES

-

0

.5

%

14,500,000

Anheuser-Busch

Cos

LLC

3

.650

02/01/26

13,954,890‌

3,150,000

Anheuser-Busch

Cos

LLC

4

.700

02/01/36

2,974,995‌

7,375,000

Anheuser-Busch

Cos

LLC

4

.900

02/01/46

6,704,430‌

200,000

Block

Financial

LLC

5

.250

10/01/25

199,535‌

1,000,000

Block

Financial

LLC

2

.500

07/15/28

850,007‌

750,000

Block

Financial

LLC

3

.875

08/15/30

656,176‌

300,000

Board

of

Trustees

of

The

Leland

Stanford

Junior

University

3

.647

05/01/48

247,252‌

300,000

Booking

Holdings,

Inc

3

.650

03/15/25

292,370‌

300,000

Booking

Holdings,

Inc

3

.600

06/01/26

286,980‌

900,000

Booking

Holdings,

Inc

3

.550

03/15/28

838,780‌

1,100,000

Booking

Holdings,

Inc

4

.625

04/13/30

1,062,356‌

1,000,000

Brown

University

in

Providence

in

the

State

of

Rhode

Island

and

Providence

Plant

2

.924

09/01/50

708,185‌

1,000,000

California

Endowment

2

.498

04/01/51

615,013‌

1,000,000

Case

Western

Reserve

University

5

.405

06/01/22

916,196‌

500,000

Choice

Hotels

International,

Inc

3

.700

12/01/29

435,422‌

675,000

Cintas

Corp

No

2

3

.700

04/01/27

650,681‌

1,325,000

Cintas

Corp

No

2

4

.000

05/01/32

1,243,972‌

1,000,000

Claremont

McKenna

College

3

.775

01/01/22

633,165‌

750,000

CommonSpirit

Health

2

.760

10/01/24

719,093‌

750,000

CommonSpirit

Health

6

.073

11/01/27

766,917‌

1,000,000

CommonSpirit

Health

3

.347

10/01/29

870,248‌

1,000,000

CommonSpirit

Health

2

.782

10/01/30

824,824‌

300,000

CommonSpirit

Health

4

.350

11/01/42

253,110‌

750,000

CommonSpirit

Health

3

.817

10/01/49

558,230‌

715,000

CommonSpirit

Health

4

.187

10/01/49

556,149‌

500,000

CommonSpirit

Health

3

.910

10/01/50

370,043‌

750,000

CommonSpirit

Health

6

.461

11/01/52

800,396‌

200,000

Darden

Restaurants,

Inc

3

.850

05/01/27

190,744‌

300,000

Darden

Restaurants,

Inc

4

.550

02/15/48

231,039‌

500,000

Emory

University

2

.143

09/01/30

413,729‌

500,000

Emory

University

2

.969

09/01/50

337,945‌

1,200,000

Expedia

Group,

Inc

5

.000

02/15/26

1,184,157‌

750,000

Expedia

Group,

Inc

4

.625

08/01/27

719,515‌

175,000

Expedia

Group,

Inc

3

.800

02/15/28

160,650‌

750,000

Expedia

Group,

Inc

3

.250

02/15/30

636,221‌

270,000

Expedia

Group,

Inc

2

.950

03/15/31

217,115‌

2,000,000

Howard

University

5

.209

10/01/52

1,551,943‌

1,000,000

Hyatt

Hotels

Corp

1

.800

10/01/24

937,011‌

100,000

Hyatt

Hotels

Corp

5

.625

04/23/25

99,228‌

100,000

Hyatt

Hotels

Corp

4

.850

03/15/26

98,268‌

200,000

Hyatt

Hotels

Corp

4

.375

09/15/28

182,972‌

1,100,000

Hyatt

Hotels

Corp

6

.000

04/23/30

1,076,048‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

22

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

CONSUMER

SERVICES—continued

$

500,000

Johns

Hopkins

University

4

.705

%

07/01/32

$

497,258‌

750,000

Johns

Hopkins

University

2

.813

01/01/60

468,289‌

500,000

e

Leland

Stanford

Junior

University

1

.289

06/01/27

434,067‌

1,000,000

Leland

Stanford

Junior

University

2

.413

06/01/50

629,958‌

300,000

Marriott

International,

Inc

4

.150

12/01/23

296,796‌

300,000

Marriott

International,

Inc

3

.600

04/15/24

293,992‌

14,000

Marriott

International,

Inc

5

.750

05/01/25

14,121‌

500,000

Marriott

International,

Inc

5

.000

10/15/27

493,365‌

1,250,000

Marriott

International,

Inc

4

.000

04/15/28

1,160,853‌

300,000

Marriott

International,

Inc

4

.650

12/01/28

288,048‌

400,000

Marriott

International,

Inc

4

.625

06/15/30

373,246‌

1,000,000

Marriott

International,

Inc

2

.850

04/15/31

809,783‌

1,500,000

Marriott

International,

Inc

3

.500

10/15/32

1,247,795‌

2,000,000

Marriott

International,

Inc

2

.750

10/15/33

1,525,816‌

1,500,000

Massachusetts

Institute

of

Technology

2

.989

07/01/50

1,090,414‌

1,000,000

Massachusetts

Institute

of

Technology

2

.294

07/01/51

611,773‌

750,000

Massachusetts

Institute

of

Technology

5

.600

07/01/11

775,637‌

200,000

Massachusetts

Institute

of

Technology

4

.678

07/01/14

170,270‌

300,000

Massachusetts

Institute

of

Technology

3

.885

07/01/16

215,688‌

2,000,000

McDonald's

Corp

3

.300

07/01/25

1,934,597‌

150,000

McDonald's

Corp

1

.450

09/01/25

137,548‌

2,950,000

McDonald's

Corp

3

.700

01/30/26

2,868,117‌

300,000

McDonald's

Corp

3

.500

03/01/27

285,619‌

775,000

McDonald's

Corp

3

.800

04/01/28

741,571‌

1,250,000

McDonald's

Corp

2

.625

09/01/29

1,096,258‌

500,000

McDonald's

Corp

2

.125

03/01/30

418,261‌

200,000

McDonald's

Corp

4

.600

09/09/32

195,561‌

2,225,000

McDonald's

Corp

4

.700

12/09/35

2,127,870‌

250,000

McDonald's

Corp

6

.300

10/15/37

272,141‌

100,000

McDonald's

Corp

6

.300

03/01/38

108,885‌

250,000

McDonald's

Corp

4

.600

05/26/45

223,037‌

1,275,000

McDonald's

Corp

4

.875

12/09/45

1,178,285‌

725,000

McDonald's

Corp

4

.450

03/01/47

628,468‌

625,000

McDonald's

Corp

4

.450

09/01/48

543,542‌

1,825,000

McDonald's

Corp

3

.625

09/01/49

1,372,837‌

1,350,000

McDonald's

Corp

4

.200

04/01/50

1,123,186‌

500,000

McDonald's

Corp

5

.150

09/09/52

479,405‌

735,000

Nature

Conservancy

3

.957

03/01/52

587,279‌

750,000

Northeastern

University

2

.894

10/01/50

494,661‌

200,000

Northwestern

University

3

.868

12/01/48

163,178‌

750,000

Northwestern

University

2

.640

12/01/50

486,856‌

200,000

Northwestern

University

3

.662

12/01/57

152,096‌

1,000,000

Novant

Health,

Inc

2

.637

11/01/36

737,034‌

1,000,000

Novant

Health,

Inc

3

.318

11/01/61

660,251‌

1,000,000

President

&

Fellows

of

Harvard

College

2

.517

10/15/50

649,178‌

750,000

President

and

Fellows

of

Harvard

College

3

.619

10/01/37

642,782‌

200,000

President

and

Fellows

of

Harvard

College

3

.150

07/15/46

152,213‌

1,000,000

President

and

Fellows

of

Harvard

College

3

.745

11/15/52

832,078‌

200,000

President

and

Fellows

of

Harvard

College

3

.300

07/15/56

149,478‌

525,000

Starbucks

Corp

3

.850

10/01/23

521,509‌

175,000

Starbucks

Corp

2

.450

06/15/26

162,074‌

500,000

Starbucks

Corp

2

.000

03/12/27

446,709‌

750,000

Starbucks

Corp

3

.500

03/01/28

703,070‌

650,000

Starbucks

Corp

4

.000

11/15/28

618,764‌

750,000

Starbucks

Corp

3

.550

08/15/29

691,090‌

500,000

Starbucks

Corp

2

.250

03/12/30

415,369‌

1,500,000

Starbucks

Corp

2

.550

11/15/30

1,261,165‌

2,000,000

e

Starbucks

Corp

3

.000

02/14/32

1,705,226‌

200,000

Starbucks

Corp

4

.300

06/15/45

169,047‌

200,000

Starbucks

Corp

3

.750

12/01/47

151,776‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

23

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

CONSUMER

SERVICES—continued

$

650,000

Starbucks

Corp

4

.500

%

11/15/48

$

557,275‌

1,000,000

Starbucks

Corp

4

.450

08/15/49

849,934‌

500,000

Starbucks

Corp

3

.350

03/12/50

352,663‌

1,000,000

Starbucks

Corp

3

.500

11/15/50

721,507‌

1,000,000

Thomas

Jefferson

University

3

.847

11/01/57

713,084‌

200,000

Trinity

Acquisition

plc

4

.400

03/15/26

194,001‌

500,000

Trustees

of

Boston

College

3

.129

07/01/52

346,546‌

100,000

Trustees

of

Boston

University

4

.061

10/01/48

82,758‌

1,000,000

Trustees

of

Princeton

University

2

.516

07/01/50

665,378‌

665,000

Trustees

of

Princeton

University

4

.201

03/01/52

610,001‌

1,000,000

University

of

Chicago

3

.000

10/01/52

687,796‌

1,000,000

University

of

Miami

4

.063

04/01/52

814,896‌

1,000,000

University

of

Southern

California

2

.945

10/01/51

670,303‌

1,000,000

University

of

Southern

California

3

.226

10/01/20

579,846‌

1,000,000

Washington

University

3

.524

04/15/54

785,695‌

500,000

Washington

University

4

.349

04/15/22

391,655‌

200,000

Wesleyan

University

4

.781

07/01/16

155,820‌

500,000

Yale

University

0

.873

04/15/25

459,852‌

750,000

Yale

University

1

.482

04/15/30

600,389‌

750,000

Yale

University

2

.402

04/15/50

476,095‌

TOTAL

CONSUMER

SERVICES

97,426,734‌

DIVERSIFIED

FINANCIALS

-

2

.6

%

300,000

AerCap

Ireland

Capital

DAC

4

.125

07/03/23

297,903‌

1,500,000

AerCap

Ireland

Capital

DAC

4

.500

09/15/23

1,490,147‌

600,000

AerCap

Ireland

Capital

DAC

4

.875

01/16/24

594,276‌

1,000,000

AerCap

Ireland

Capital

DAC

3

.150

02/15/24

966,657‌

750,000

AerCap

Ireland

Capital

DAC

2

.875

08/14/24

710,088‌

2,000,000

AerCap

Ireland

Capital

DAC

1

.650

10/29/24

1,844,801‌

2,000,000

AerCap

Ireland

Capital

DAC

1

.750

10/29/24

1,839,111‌

1,675,000

AerCap

Ireland

Capital

DAC

3

.500

01/15/25

1,595,234‌

1,000,000

AerCap

Ireland

Capital

DAC

6

.500

07/15/25

1,013,278‌

300,000

AerCap

Ireland

Capital

DAC

4

.450

10/01/25

288,371‌

500,000

AerCap

Ireland

Capital

DAC

1

.750

01/30/26

439,891‌

500,000

AerCap

Ireland

Capital

DAC

4

.450

04/03/26

477,217‌

2,500,000

AerCap

Ireland

Capital

DAC

2

.450

10/29/26

2,186,104‌

250,000

AerCap

Ireland

Capital

DAC

3

.650

07/21/27

225,998‌

1,000,000

AerCap

Ireland

Capital

DAC

4

.625

10/15/27

928,763‌

200,000

AerCap

Ireland

Capital

DAC

3

.875

01/23/28

179,869‌

1,450,000

AerCap

Ireland

Capital

DAC

3

.000

10/29/28

1,214,774‌

700,000

AerCap

Ireland

Capital

DAC

3

.300

01/30/32

547,233‌

2,000,000

AerCap

Ireland

Capital

DAC

3

.400

10/29/33

1,516,388‌

800,000

AerCap

Ireland

Capital

DAC

3

.850

10/29/41

565,580‌

200,000

Affiliated

Managers

Group,

Inc

4

.250

02/15/24

197,500‌

1,000,000

Affiliated

Managers

Group,

Inc

3

.300

06/15/30

826,814‌

20,000

Ahold

Finance

USA

LLC

6

.875

05/01/29

20,940‌

2,000,000

Ally

Financial,

Inc

1

.450

10/02/23

1,938,819‌

500,000

Ally

Financial,

Inc

5

.800

05/01/25

497,379‌

1,000,000

Ally

Financial,

Inc

4

.750

06/09/27

937,316‌

400,000

e

Ally

Financial,

Inc

7

.100

11/15/27

406,945‌

1,000,000

Ally

Financial,

Inc

2

.200

11/02/28

779,670‌

2,000,000

Ally

Financial,

Inc

8

.000

11/01/31

2,064,693‌

2,000,000

American

Express

Co

3

.700

08/03/23

1,987,012‌

750,000

American

Express

Co

3

.000

10/30/24

725,268‌

1,500,000

American

Express

Co

3

.950

08/01/25

1,469,457‌

1,000,000

American

Express

Co

4

.200

11/06/25

986,797‌

2,500,000

American

Express

Co

3

.125

05/20/26

2,354,062‌

2,000,000

American

Express

Co

1

.650

11/04/26

1,772,285‌

1,500,000

American

Express

Co

2

.550

03/04/27

1,364,555‌

1,500,000

American

Express

Co

5

.850

11/05/27

1,561,546‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

24

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

575,000

American

Express

Co

4

.050

%

05/03/29

$

547,541‌

2,700,000

American

Express

Co

4

.989

05/26/33

2,595,267‌

1,000,000

American

Express

Co

4

.420

08/03/33

944,615‌

525,000

American

Express

Co

4

.050

12/03/42

450,843‌

500,000

American

Honda

Finance

Corp

3

.625

10/10/23

496,488‌

300,000

American

Honda

Finance

Corp

3

.550

01/12/24

295,882‌

200,000

American

Honda

Finance

Corp

2

.900

02/16/24

195,159‌

1,000,000

American

Honda

Finance

Corp

2

.400

06/27/24

963,468‌

1,000,000

American

Honda

Finance

Corp

0

.550

07/12/24

933,690‌

500,000

American

Honda

Finance

Corp

2

.150

09/10/24

477,036‌

1,000,000

American

Honda

Finance

Corp

1

.200

07/08/25

914,047‌

750,000

American

Honda

Finance

Corp

1

.000

09/10/25

676,483‌

3,000,000

American

Honda

Finance

Corp

1

.300

09/09/26

2,647,144‌

100,000

American

Honda

Finance

Corp

2

.300

09/09/26

91,396‌

1,000,000

American

Honda

Finance

Corp

2

.350

01/08/27

907,788‌

1,000,000

American

Honda

Finance

Corp

2

.250

01/12/29

857,697‌

1,000,000

American

Honda

Finance

Corp

1

.800

01/13/31

793,839‌

875,000

Ameriprise

Financial,

Inc

4

.000

10/15/23

868,946‌

300,000

Ameriprise

Financial,

Inc

3

.700

10/15/24

292,423‌

125,000

Ameriprise

Financial,

Inc

3

.000

04/02/25

119,732‌

200,000

Ameriprise

Financial,

Inc

2

.875

09/15/26

185,747‌

350,000

e

Ameriprise

Financial,

Inc

4

.500

05/13/32

338,943‌

1,000,000

Andrew

W

Mellon

Foundation

0

.947

08/01/27

852,138‌

600,000

Ares

Capital

Corp

3

.500

02/10/23

598,700‌

850,000

Ares

Capital

Corp

4

.200

06/10/24

820,557‌

500,000

Ares

Capital

Corp

4

.250

03/01/25

473,905‌

500,000

Ares

Capital

Corp

3

.250

07/15/25

460,085‌

1,200,000

Ares

Capital

Corp

3

.875

01/15/26

1,099,741‌

1,500,000

Ares

Capital

Corp

2

.150

07/15/26

1,270,008‌

750,000

Ares

Capital

Corp

2

.875

06/15/28

601,372‌

750,000

Ares

Capital

Corp

3

.200

11/15/31

550,388‌

1,000,000

Australia

&

New

Zealand

Banking

Group

Ltd

5

.088

12/08/25

1,004,013‌

227,000

AXA

Equitable

Holdings,

Inc

3

.900

04/20/23

226,251‌

1,375,000

AXA

Equitable

Holdings,

Inc

4

.350

04/20/28

1,310,051‌

975,000

AXA

Equitable

Holdings,

Inc

5

.000

04/20/48

853,691‌

350,000

Bank

of

New

York

Mellon

Corp

3

.650

02/04/24

344,658‌

800,000

Bank

of

New

York

Mellon

Corp

3

.250

09/11/24

777,920‌

1,750,000

Bank

of

New

York

Mellon

Corp

2

.100

10/24/24

1,668,368‌

500,000

Bank

of

New

York

Mellon

Corp

3

.000

02/24/25

481,903‌

725,000

Bank

of

New

York

Mellon

Corp

1

.600

04/24/25

673,664‌

2,000,000

Bank

of

New

York

Mellon

Corp

3

.350

04/25/25

1,936,112‌

1,500,000

Bank

of

New

York

Mellon

Corp

0

.750

01/28/26

1,328,348‌

500,000

Bank

of

New

York

Mellon

Corp

2

.800

05/04/26

468,936‌

1,000,000

Bank

of

New

York

Mellon

Corp

4

.414

07/24/26

984,755‌

500,000

Bank

of

New

York

Mellon

Corp

2

.450

08/17/26

459,519‌

1,000,000

Bank

of

New

York

Mellon

Corp

2

.050

01/26/27

897,931‌

300,000

Bank

of

New

York

Mellon

Corp

3

.250

05/16/27

282,047‌

1,000,000

Bank

of

New

York

Mellon

Corp

3

.400

01/29/28

929,164‌

600,000

Bank

of

New

York

Mellon

Corp

3

.850

04/28/28

575,441‌

2,000,000

e

Bank

of

New

York

Mellon

Corp

1

.650

07/14/28

1,685,217‌

400,000

Bank

of

New

York

Mellon

Corp

3

.300

08/23/29

357,664‌

500,000

Bank

of

New

York

Mellon

Corp

4

.596

07/26/30

482,651‌

1,500,000

Bank

of

New

York

Mellon

Corp

1

.650

01/28/31

1,167,357‌

1,000,000

Bank

of

New

York

Mellon

Corp

1

.800

07/28/31

771,820‌

500,000

Bank

of

New

York

Mellon

Corp

4

.289

06/13/33

467,629‌

1,000,000

Barings

BDC,

Inc

3

.300

11/23/26

847,578‌

2,400,000

Berkshire

Hathaway,

Inc

3

.125

03/15/26

2,299,832‌

800,000

Berkshire

Hathaway,

Inc

4

.500

02/11/43

747,868‌

250,000

BGC

Partners,

Inc

5

.375

07/24/23

248,813‌

500,000

BGC

Partners,

Inc

3

.750

10/01/24

478,268‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

25

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

1,000,000

BlackRock

TCP

Capital

Corp

2

.850

%

02/09/26

$

886,811‌

500,000

BlackRock,

Inc

3

.500

03/18/24

491,829‌

850,000

BlackRock,

Inc

3

.250

04/30/29

783,876‌

1,450,000

BlackRock,

Inc

1

.900

01/28/31

1,173,500‌

2,000,000

BlackRock,

Inc

2

.100

02/25/32

1,609,194‌

750,000

Blackstone

Secured

Lending

Fund

3

.650

07/14/23

742,999‌

750,000

Blackstone

Secured

Lending

Fund

3

.625

01/15/26

689,892‌

1,400,000

Blackstone

Secured

Lending

Fund

2

.750

09/16/26

1,228,225‌

1,000,000

Blackstone

Secured

Lending

Fund

2

.125

02/15/27

828,016‌

1,025,000

BPCE

S.A.

4

.000

04/15/24

1,008,023‌

300,000

BPCE

S.A.

3

.375

12/02/26

279,073‌

300,000

Brookfield

Asset

Management,

Inc

4

.000

01/15/25

293,285‌

1,000,000

Brookfield

Finance

I

UK

PLC

2

.340

01/30/32

761,289‌

1,000,000

Brookfield

Finance

LLC

3

.450

04/15/50

631,599‌

550,000

Brookfield

Finance,

Inc

4

.000

04/01/24

541,451‌

200,000

Brookfield

Finance,

Inc

4

.250

06/02/26

192,570‌

600,000

Brookfield

Finance,

Inc

3

.900

01/25/28

550,144‌

600,000

Brookfield

Finance,

Inc

4

.850

03/29/29

572,270‌

725,000

Brookfield

Finance,

Inc

4

.700

09/20/47

582,671‌

1,000,000

Brookfield

Finance,

Inc

3

.500

03/30/51

634,744‌

1,000,000

Brookfield

Finance,

Inc

3

.625

02/15/52

649,566‌

1,925,000

Capital

One

Financial

Corp

3

.200

01/30/23

1,925,000‌

150,000

Capital

One

Financial

Corp

3

.500

06/15/23

149,091‌

300,000

Capital

One

Financial

Corp

3

.900

01/29/24

296,239‌

750,000

Capital

One

Financial

Corp

3

.300

10/30/24

723,862‌

125,000

Capital

One

Financial

Corp

3

.200

02/05/25

120,180‌

625,000

Capital

One

Financial

Corp

4

.250

04/30/25

612,868‌

850,000

Capital

One

Financial

Corp

4

.200

10/29/25

821,385‌

750,000

Capital

One

Financial

Corp

4

.985

07/24/26

734,557‌

700,000

Capital

One

Financial

Corp

3

.750

07/28/26

659,058‌

1,075,000

Capital

One

Financial

Corp

3

.750

03/09/27

1,021,476‌

1,000,000

Capital

One

Financial

Corp

3

.650

05/11/27

940,813‌

1,000,000

Capital

One

Financial

Corp

1

.878

11/02/27

870,894‌

2,700,000

Capital

One

Financial

Corp

3

.800

01/31/28

2,523,618‌

1,400,000

Capital

One

Financial

Corp

4

.927

05/10/28

1,355,350‌

2,000,000

Capital

One

Financial

Corp

3

.273

03/01/30

1,709,939‌

750,000

Capital

One

Financial

Corp

5

.247

07/26/30

714,260‌

2,525,000

Capital

One

Financial

Corp

2

.359

07/29/32

1,816,159‌

1,000,000

Capital

One

Financial

Corp

2

.618

11/02/32

765,722‌

1,000,000

Cboe

Global

Markets,

Inc

1

.625

12/15/30

776,054‌

500,000

Cboe

Global

Markets,

Inc

3

.000

03/16/32

415,948‌

450,000

CBOE

Holdings,

Inc

3

.650

01/12/27

429,561‌

200,000

Celanese

US

Holdings

LLC

3

.500

05/08/24

193,206‌

1,000,000

Celanese

US

Holdings

LLC

1

.400

08/05/26

836,481‌

1,000,000

Celanese

US

Holdings

LLC

6

.165

07/15/27

986,326‌

1,000,000

e

Celanese

US

Holdings

LLC

6

.379

07/15/32

950,948‌

300,000

Charles

Schwab

Corp

3

.550

02/01/24

295,234‌

300,000

Charles

Schwab

Corp

3

.750

04/01/24

295,322‌

200,000

Charles

Schwab

Corp

3

.000

03/10/25

192,048‌

350,000

Charles

Schwab

Corp

3

.625

04/01/25

340,724‌

1,250,000

Charles

Schwab

Corp

3

.850

05/21/25

1,220,412‌

1,500,000

Charles

Schwab

Corp

0

.900

03/11/26

1,330,464‌

1,500,000

Charles

Schwab

Corp

1

.150

05/13/26

1,332,831‌

500,000

Charles

Schwab

Corp

3

.200

03/02/27

469,475‌

350,000

Charles

Schwab

Corp

2

.450

03/03/27

319,072‌

525,000

Charles

Schwab

Corp

3

.300

04/01/27

496,362‌

200,000

Charles

Schwab

Corp

3

.200

01/25/28

186,341‌

2,000,000

Charles

Schwab

Corp

2

.000

03/20/28

1,757,852‌

300,000

Charles

Schwab

Corp

4

.000

02/01/29

284,689‌

500,000

Charles

Schwab

Corp

2

.750

10/01/29

436,897‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

26

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

1,500,000

Charles

Schwab

Corp

1

.650

%

03/11/31

$

1,167,635‌

1,500,000

Charles

Schwab

Corp

2

.300

05/13/31

1,226,569‌

1,000,000

Charles

Schwab

Corp

1

.950

12/01/31

782,534‌

1,000,000

Charles

Schwab

Corp

2

.900

03/03/32

849,796‌

1,500,000

CI

Financial

Corp

3

.200

12/17/30

1,137,644‌

1,000,000

CI

Financial

Corp

4

.100

06/15/51

589,368‌

475,000

CME

Group,

Inc

3

.000

03/15/25

458,955‌

500,000

CME

Group,

Inc

3

.750

06/15/28

480,392‌

1,500,000

CME

Group,

Inc

2

.650

03/15/32

1,256,457‌

400,000

CME

Group,

Inc

5

.300

09/15/43

414,401‌

500,000

CME

Group,

Inc

4

.150

06/15/48

441,574‌

2,000,000

Credit

Suisse

AG.

0

.495

02/02/24

1,849,509‌

2,900,000

Credit

Suisse

AG.

3

.625

09/09/24

2,704,071‌

1,050,000

Credit

Suisse

AG.

3

.700

02/21/25

968,197‌

500,000

Credit

Suisse

AG.

2

.950

04/09/25

450,002‌

1,000,000

Credit

Suisse

AG.

1

.250

08/07/26

809,127‌

1,350,000

Credit

Suisse

AG.

5

.000

07/09/27

1,230,455‌

2,300,000

Credit

Suisse

Group

Funding

Guernsey

Ltd

3

.750

03/26/25

2,070,091‌

2,750,000

Credit

Suisse

Group

Funding

Guernsey

Ltd

4

.550

04/17/26

2,425,426‌

1,750,000

Credit

Suisse

Group

Funding

Guernsey

Ltd

4

.875

05/15/45

1,196,765‌

525,000

Deutsche

Bank

AG.

3

.700

05/30/24

510,171‌

1,000,000

Deutsche

Bank

AG.

2

.222

09/18/24

965,824‌

2,000,000

Deutsche

Bank

AG.

1

.447

04/01/25

1,857,501‌

1,000,000

Deutsche

Bank

AG.

4

.162

05/13/25

978,971‌

1,000,000

Deutsche

Bank

AG.

3

.961

11/26/25

955,565‌

1,800,000

Deutsche

Bank

AG.

4

.100

01/13/26

1,729,908‌

2,000,000

Deutsche

Bank

AG.

1

.686

03/19/26

1,792,309‌

2,000,000

Deutsche

Bank

AG.

6

.119

07/14/26

1,986,618‌

2,000,000

Deutsche

Bank

AG.

2

.129

11/24/26

1,764,416‌

1,050,000

Deutsche

Bank

AG.

2

.311

11/16/27

890,277‌

825,000

Deutsche

Bank

AG.

3

.547

09/18/31

661,393‌

1,000,000

Deutsche

Bank

AG.

3

.729

01/14/32

733,214‌

1,000,000

Deutsche

Bank

AG.

3

.742

01/07/33

710,176‌

100,000

Diageo

Investment

Corp

4

.250

05/11/42

87,715‌

700,000

Discover

Financial

Services

3

.950

11/06/24

681,344‌

200,000

Discover

Financial

Services

4

.500

01/30/26

193,321‌

350,000

Discover

Financial

Services

4

.100

02/09/27

329,348‌

500,000

Discover

Financial

Services

6

.700

11/29/32

508,238‌

200,000

E*TRADE

Financial

Corp

3

.800

08/24/27

188,152‌

300,000

E*TRADE

Financial

Corp

4

.500

06/20/28

291,720‌

300,000

Eaton

Vance

Corp

3

.625

06/15/23

298,256‌

200,000

Eaton

Vance

Corp

3

.500

04/06/27

186,168‌

1,000,000

FactSet

Research

Systems,

Inc

2

.900

03/01/27

907,764‌

750,000

Ford

Foundation

2

.415

06/01/50

471,812‌

525,000

Ford

Foundation

2

.815

06/01/70

306,222‌

200,000

Franklin

Resources,

Inc

2

.850

03/30/25

190,481‌

1,500,000

Franklin

Resources,

Inc

1

.600

10/30/30

1,155,968‌

500,000

Franklin

Resources,

Inc

2

.950

08/12/51

308,588‌

750,000

e

FS

KKR

Capital

Corp

4

.125

02/01/25

705,093‌

750,000

FS

KKR

Capital

Corp

3

.400

01/15/26

665,065‌

1,000,000

FS

KKR

Capital

Corp

2

.625

01/15/27

834,835‌

1,500,000

FS

KKR

Capital

Corp

3

.125

10/12/28

1,209,254‌

500,000

GE

Capital

Funding

LLC

3

.450

05/15/25

477,354‌

1,608,000

GE

Capital

Funding

LLC

4

.550

05/15/32

1,526,375‌

650,000

General

Motors

Financial

Co,

Inc

5

.100

01/17/24

647,431‌

725,000

General

Motors

Financial

Co,

Inc

3

.950

04/13/24

710,714‌

125,000

General

Motors

Financial

Co,

Inc

4

.000

01/15/25

121,287‌

1,000,000

General

Motors

Financial

Co,

Inc

2

.900

02/26/25

947,155‌

1,500,000

General

Motors

Financial

Co,

Inc

3

.800

04/07/25

1,447,942‌

3,175,000

General

Motors

Financial

Co,

Inc

4

.350

04/09/25

3,088,723‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

27

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

3,000,000

General

Motors

Financial

Co,

Inc

2

.750

%

06/20/25

$

2,808,297‌

450,000

General

Motors

Financial

Co,

Inc

4

.300

07/13/25

435,810‌

500,000

General

Motors

Financial

Co,

Inc

1

.250

01/08/26

440,289‌

275,000

General

Motors

Financial

Co,

Inc

5

.250

03/01/26

270,724‌

1,000,000

General

Motors

Financial

Co,

Inc

1

.500

06/10/26

868,443‌

525,000

General

Motors

Financial

Co,

Inc

4

.000

10/06/26

494,160‌

1,400,000

General

Motors

Financial

Co,

Inc

4

.350

01/17/27

1,330,264‌

1,000,000

General

Motors

Financial

Co,

Inc

2

.350

02/26/27

873,315‌

800,000

General

Motors

Financial

Co,

Inc

5

.000

04/09/27

774,935‌

1,000,000

General

Motors

Financial

Co,

Inc

2

.700

08/20/27

874,151‌

1,100,000

General

Motors

Financial

Co,

Inc

3

.850

01/05/28

1,003,846‌

2,000,000

General

Motors

Financial

Co,

Inc

2

.400

04/10/28

1,682,142‌

1,850,000

General

Motors

Financial

Co,

Inc

2

.400

10/15/28

1,534,031‌

2,400,000

General

Motors

Financial

Co,

Inc

5

.650

01/17/29

2,357,405‌

1,000,000

General

Motors

Financial

Co,

Inc

4

.300

04/06/29

895,706‌

1,500,000

General

Motors

Financial

Co,

Inc

3

.600

06/21/30

1,262,344‌

2,000,000

General

Motors

Financial

Co,

Inc

2

.350

01/08/31

1,508,029‌

475,000

General

Motors

Financial

Co,

Inc

2

.700

06/10/31

363,933‌

1,000,000

General

Motors

Financial

Co,

Inc

3

.100

01/12/32

783,542‌

500,000

Goldman

Sachs

BDC,

Inc

3

.750

02/10/25

481,210‌

500,000

Goldman

Sachs

BDC,

Inc

2

.875

01/15/26

458,352‌

2,575,000

Goldman

Sachs

Group,

Inc

3

.625

02/20/24

2,530,436‌

2,025,000

Goldman

Sachs

Group,

Inc

4

.000

03/03/24

1,999,392‌

425,000

Goldman

Sachs

Group,

Inc

3

.850

07/08/24

415,873‌

600,000

Goldman

Sachs

Group,

Inc

3

.500

01/23/25

579,597‌

250,000

Goldman

Sachs

Group,

Inc

3

.500

04/01/25

240,411‌

1,100,000

Goldman

Sachs

Group,

Inc

3

.750

05/22/25

1,063,872‌

2,375,000

Goldman

Sachs

Group,

Inc

3

.272

09/29/25

2,288,617‌

575,000

Goldman

Sachs

Group,

Inc

4

.250

10/21/25

561,169‌

700,000

Goldman

Sachs

Group,

Inc

0

.855

02/12/26

632,956‌

1,125,000

Goldman

Sachs

Group,

Inc

3

.750

02/25/26

1,082,877‌

425,000

Goldman

Sachs

Group,

Inc

3

.500

11/16/26

398,388‌

2,700,000

Goldman

Sachs

Group,

Inc

1

.093

12/09/26

2,380,120‌

125,000

Goldman

Sachs

Group,

Inc

5

.950

01/15/27

128,288‌

3,950,000

Goldman

Sachs

Group,

Inc

3

.850

01/26/27

3,760,892‌

2,600,000

Goldman

Sachs

Group,

Inc

1

.431

03/09/27

2,279,961‌

2,000,000

Goldman

Sachs

Group,

Inc

4

.387

06/15/27

1,926,835‌

5,000,000

Goldman

Sachs

Group,

Inc

1

.542

09/10/27

4,313,137‌

6,500,000

Goldman

Sachs

Group,

Inc

1

.948

10/21/27

5,683,502‌

2,000,000

Goldman

Sachs

Group,

Inc

2

.640

02/24/28

1,780,771‌

3,000,000

Goldman

Sachs

Group,

Inc

3

.615

03/15/28

2,794,385‌

4,475,000

Goldman

Sachs

Group,

Inc

3

.691

06/05/28

4,157,861‌

2,000,000

Goldman

Sachs

Group,

Inc

4

.482

08/23/28

1,916,829‌

8,525,000

Goldman

Sachs

Group,

Inc

3

.814

04/23/29

7,786,951‌

2,550,000

Goldman

Sachs

Group,

Inc

4

.223

05/01/29

2,375,626‌

2,500,000

Goldman

Sachs

Group,

Inc

2

.600

02/07/30

2,086,298‌

2,500,000

Goldman

Sachs

Group,

Inc

3

.800

03/15/30

2,247,436‌

5,000,000

Goldman

Sachs

Group,

Inc

1

.992

01/27/32

3,809,083‌

2,050,000

Goldman

Sachs

Group,

Inc

2

.615

04/22/32

1,634,856‌

2,550,000

Goldman

Sachs

Group,

Inc

2

.383

07/21/32

1,978,567‌

1,500,000

Goldman

Sachs

Group,

Inc

2

.650

10/21/32

1,184,354‌

2,000,000

Goldman

Sachs

Group,

Inc

3

.102

02/24/33

1,623,961‌

900,000

Goldman

Sachs

Group,

Inc

6

.750

10/01/37

960,321‌

2,425,000

Goldman

Sachs

Group,

Inc

4

.017

10/31/38

1,993,752‌

4,525,000

Goldman

Sachs

Group,

Inc

4

.411

04/23/39

3,909,732‌

2,475,000

Goldman

Sachs

Group,

Inc

6

.250

02/01/41

2,583,139‌

1,900,000

Goldman

Sachs

Group,

Inc

3

.210

04/22/42

1,368,581‌

2,000,000

Goldman

Sachs

Group,

Inc

3

.436

02/24/43

1,469,551‌

1,225,000

Goldman

Sachs

Group,

Inc

4

.800

07/08/44

1,083,046‌

1,650,000

Goldman

Sachs

Group,

Inc

5

.150

05/22/45

1,482,061‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

28

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

200,000

Goldman

Sachs

Group,

Inc

4

.750

%

10/21/45

$

175,349‌

1,250,000

Golub

Capital

BDC,

Inc

2

.500

08/24/26

1,061,245‌

1,000,000

Golub

Capital

BDC,

Inc

2

.050

02/15/27

812,973‌

1,000,000

Hercules

Capital,

Inc

3

.375

01/20/27

857,340‌

600,000

ING

Groep

NV

4

.017

03/28/28

561,048‌

825,000

Intercontinental

Exchange,

Inc

3

.750

12/01/25

803,277‌

1,000,000

Intercontinental

Exchange,

Inc

3

.100

09/15/27

925,121‌

500,000

Intercontinental

Exchange,

Inc

4

.000

09/15/27

483,062‌

500,000

Intercontinental

Exchange,

Inc

3

.750

09/21/28

472,603‌

1,500,000

Intercontinental

Exchange,

Inc

4

.350

06/15/29

1,450,260‌

1,500,000

Intercontinental

Exchange,

Inc

2

.100

06/15/30

1,223,742‌

1,000,000

Intercontinental

Exchange,

Inc

1

.850

09/15/32

752,226‌

2,000,000

Intercontinental

Exchange,

Inc

4

.600

03/15/33

1,912,286‌

775,000

Intercontinental

Exchange,

Inc

2

.650

09/15/40

537,492‌

575,000

Intercontinental

Exchange,

Inc

4

.250

09/21/48

481,458‌

1,000,000

Intercontinental

Exchange,

Inc

3

.000

06/15/50

675,121‌

1,000,000

Intercontinental

Exchange,

Inc

4

.950

06/15/52

928,191‌

1,000,000

Intercontinental

Exchange,

Inc

3

.000

09/15/60

628,151‌

2,000,000

Intercontinental

Exchange,

Inc

5

.200

06/15/62

1,886,954‌

200,000

Invesco

Finance

plc

4

.000

01/30/24

196,865‌

800,000

Invesco

Finance

plc

3

.750

01/15/26

766,028‌

200,000

Invesco

Finance

plc

5

.375

11/30/43

183,538‌

2,000,000

J

Paul

Getty

Trust

0

.391

01/01/24

1,913,660‌

300,000

Janus

Capital

Group,

Inc

4

.875

08/01/25

294,418‌

1,000,000

Jefferies

Group

LLC

4

.850

01/15/27

987,343‌

600,000

Jefferies

Group

LLC

6

.450

06/08/27

626,129‌

1,000,000

Jefferies

Group

LLC

4

.150

01/23/30

892,753‌

1,000,000

Jefferies

Group

LLC

2

.625

10/15/31

762,839‌

1,000,000

Jefferies

Group

LLC

2

.750

10/15/32

752,013‌

3,000,000

Landwirtschaftliche

Rentenbank

3

.875

09/28/27

2,960,297‌

150,000

Lazard

Group

LLC

3

.750

02/13/25

144,874‌

200,000

Lazard

Group

LLC

3

.625

03/01/27

183,135‌

325,000

Lazard

Group

LLC

4

.500

09/19/28

301,538‌

425,000

Lazard

Group

LLC

4

.375

03/11/29

392,425‌

400,000

Legg

Mason,

Inc

5

.625

01/15/44

389,627‌

1,500,000

Lloyds

Banking

Group

plc

7

.953

11/15/33

1,587,752‌

1,250,000

Main

Street

Capital

Corp

3

.000

07/14/26

1,077,255‌

1,200,000

Moody's

Corp

3

.250

01/15/28

1,106,114‌

300,000

Moody's

Corp

4

.250

02/01/29

286,988‌

500,000

Moody's

Corp

4

.250

08/08/32

467,237‌

1,000,000

Moody's

Corp

2

.750

08/19/41

696,454‌

200,000

Moody's

Corp

5

.250

07/15/44

192,509‌

300,000

Moody's

Corp

4

.875

12/17/48

270,793‌

750,000

Moody's

Corp

3

.250

05/20/50

517,855‌

1,000,000

e

Moody's

Corp

3

.750

02/25/52

761,393‌

1,000,000

Moody's

Corp

3

.100

11/29/61

629,364‌

4,092,000

Morgan

Stanley

3

.700

10/23/24

3,993,867‌

2,000,000

Morgan

Stanley

3

.620

04/17/25

1,951,606‌

6,000,000

Morgan

Stanley

0

.790

05/30/25

5,578,163‌

1,025,000

Morgan

Stanley

2

.720

07/22/25

979,920‌

500,000

Morgan

Stanley

4

.000

07/23/25

488,245‌

950,000

Morgan

Stanley

5

.000

11/24/25

947,136‌

575,000

Morgan

Stanley

3

.875

01/27/26

556,611‌

4,000,000

Morgan

Stanley

2

.630

02/18/26

3,755,954‌

2,000,000

Morgan

Stanley

4

.679

07/17/26

1,965,711‌

500,000

Morgan

Stanley

3

.125

07/27/26

466,386‌

400,000

Morgan

Stanley

4

.350

09/08/26

388,097‌

5,000,000

Morgan

Stanley

0

.985

12/10/26

4,381,078‌

2,750,000

Morgan

Stanley

3

.625

01/20/27

2,593,291‌

1,975,000

Morgan

Stanley

3

.950

04/23/27

1,865,176‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

29

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

4,975,000

Morgan

Stanley

1

.593

%

05/04/27

$

4,364,241‌

3,325,000

Morgan

Stanley

1

.512

07/20/27

2,885,395‌

2,000,000

Morgan

Stanley

4

.210

04/20/28

1,902,188‌

1,575,000

Morgan

Stanley

3

.591

07/22/28

1,444,670‌

1,500,000

Morgan

Stanley

6

.296

10/18/28

1,548,457‌

2,850,000

Morgan

Stanley

3

.772

01/24/29

2,609,900‌

3,475,000

Morgan

Stanley

4

.431

01/23/30

3,234,195‌

5,000,000

Morgan

Stanley

2

.699

01/22/31

4,131,733‌

1,500,000

Morgan

Stanley

3

.622

04/01/31

1,309,505‌

5,000,000

Morgan

Stanley

1

.794

02/13/32

3,757,802‌

150,000

Morgan

Stanley

7

.250

04/01/32

168,773‌

2,500,000

Morgan

Stanley

1

.928

04/28/32

1,886,316‌

4,000,000

Morgan

Stanley

2

.239

07/21/32

3,068,776‌

3,500,000

Morgan

Stanley

2

.511

10/20/32

2,738,964‌

3,000,000

Morgan

Stanley

2

.943

01/21/33

2,426,935‌

2,000,000

Morgan

Stanley

4

.889

07/20/33

1,879,043‌

1,500,000

Morgan

Stanley

6

.342

10/18/33

1,571,707‌

1,300,000

Morgan

Stanley

2

.484

09/16/36

942,671‌

2,000,000

Morgan

Stanley

5

.297

04/20/37

1,828,718‌

1,725,000

Morgan

Stanley

3

.971

07/22/38

1,452,372‌

2,675,000

Morgan

Stanley

4

.457

04/22/39

2,348,331‌

1,525,000

Morgan

Stanley

3

.217

04/22/42

1,128,462‌

275,000

Morgan

Stanley

6

.375

07/24/42

298,273‌

1,175,000

Morgan

Stanley

4

.300

01/27/45

1,001,494‌

2,200,000

Morgan

Stanley

4

.375

01/22/47

1,861,784‌

900,000

Morgan

Stanley

5

.597

03/24/51

894,800‌

1,425,000

Morgan

Stanley

2

.802

01/25/52

877,368‌

400,000

NASDAQ,

Inc

3

.850

06/30/26

386,171‌

500,000

NASDAQ,

Inc

1

.650

01/15/31

382,235‌

500,000

NASDAQ,

Inc

2

.500

12/21/40

324,117‌

500,000

NASDAQ,

Inc

3

.250

04/28/50

336,277‌

500,000

NASDAQ,

Inc

3

.950

03/07/52

379,887‌

200,000

National

Rural

Utilities

Cooperative

Finance

Corp

3

.400

11/15/23

197,280‌

300,000

National

Rural

Utilities

Cooperative

Finance

Corp

2

.950

02/07/24

293,145‌

400,000

National

Rural

Utilities

Cooperative

Finance

Corp

2

.850

01/27/25

383,904‌

1,000,000

National

Rural

Utilities

Cooperative

Finance

Corp

3

.450

06/15/25

964,601‌

200,000

National

Rural

Utilities

Cooperative

Finance

Corp

3

.250

11/01/25

190,669‌

1,000,000

National

Rural

Utilities

Cooperative

Finance

Corp

1

.000

06/15/26

880,313‌

1,000,000

National

Rural

Utilities

Cooperative

Finance

Corp

4

.800

03/15/28

991,440‌

200,000

National

Rural

Utilities

Cooperative

Finance

Corp

3

.900

11/01/28

187,950‌

300,000

National

Rural

Utilities

Cooperative

Finance

Corp

3

.700

03/15/29

275,914‌

1,000,000

National

Rural

Utilities

Cooperative

Finance

Corp

2

.400

03/15/30

832,511‌

1,000,000

National

Rural

Utilities

Cooperative

Finance

Corp

1

.350

03/15/31

738,938‌

1,000,000

National

Rural

Utilities

Cooperative

Finance

Corp

1

.650

06/15/31

759,504‌

400,000

National

Rural

Utilities

Cooperative

Finance

Corp

4

.150

12/15/32

369,366‌

1,000,000

National

Rural

Utilities

Cooperative

Finance

Corp

5

.800

01/15/33

1,043,694‌

500,000

National

Rural

Utilities

Cooperative

Finance

Corp

4

.750

04/30/43

463,711‌

200,000

National

Rural

Utilities

Cooperative

Finance

Corp

5

.250

04/20/46

180,009‌

200,000

National

Rural

Utilities

Cooperative

Finance

Corp

4

.400

11/01/48

166,524‌

550,000

National

Rural

Utilities

Cooperative

Finance

Corp

4

.300

03/15/49

458,042‌

1,000,000

Nomura

Holdings,

Inc

1

.851

07/16/25

911,458‌

1,000,000

Nomura

Holdings,

Inc

1

.653

07/14/26

870,294‌

1,000,000

Nomura

Holdings,

Inc

2

.329

01/22/27

875,422‌

500,000

Nomura

Holdings,

Inc

5

.386

07/06/27

493,426‌

1,000,000

Nomura

Holdings,

Inc

2

.172

07/14/28

825,680‌

1,000,000

Nomura

Holdings,

Inc

2

.710

01/22/29

833,218‌

500,000

Nomura

Holdings,

Inc

5

.605

07/06/29

491,027‌

1,500,000

e

Nomura

Holdings,

Inc

3

.103

01/16/30

1,251,064‌

500,000

Nomura

Holdings,

Inc

2

.679

07/16/30

399,834‌

1,500,000

Nomura

Holdings,

Inc

2

.608

07/14/31

1,160,106‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

30

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

1,000,000

Nomura

Holdings,

Inc

2

.999

%

01/22/32

$

784,556‌

625,000

Northern

Trust

Corp

3

.950

10/30/25

611,925‌

500,000

Northern

Trust

Corp

3

.650

08/03/28

474,882‌

500,000

Northern

Trust

Corp

3

.150

05/03/29

452,268‌

700,000

Northern

Trust

Corp

1

.950

05/01/30

575,064‌

100,000

Northern

Trust

Corp

3

.375

05/08/32

90,827‌

1,500,000

Oaktree

Specialty

Lending

Corp

2

.700

01/15/27

1,273,686‌

1,250,000

Oesterreichische

Kontrollbank

AG.

0

.500

09/16/24

1,164,638‌

1,500,000

Oesterreichische

Kontrollbank

AG.

1

.500

02/12/25

1,409,925‌

2,000,000

Oesterreichische

Kontrollbank

AG.

0

.375

09/17/25

1,793,597‌

2,500,000

Oesterreichische

Kontrollbank

AG.

0

.500

02/02/26

2,219,675‌

500,000

ORIX

Corp

4

.050

01/16/24

492,841‌

500,000

ORIX

Corp

3

.250

12/04/24

481,532‌

200,000

ORIX

Corp

3

.700

07/18/27

186,961‌

500,000

ORIX

Corp

5

.000

09/13/27

493,836‌

1,000,000

e

ORIX

Corp

2

.250

03/09/31

783,267‌

1,000,000

ORIX

Corp

4

.000

04/13/32

886,900‌

500,000

ORIX

Corp

5

.200

09/13/32

487,337‌

500,000

Owl

Rock

Capital

Corp

4

.000

03/30/25

468,884‌

500,000

Owl

Rock

Capital

Corp

3

.750

07/22/25

461,955‌

1,000,000

Owl

Rock

Capital

Corp

4

.250

01/15/26

918,018‌

750,000

Owl

Rock

Capital

Corp

3

.400

07/15/26

654,868‌

1,000,000

Owl

Rock

Capital

Corp

2

.875

06/11/28

785,174‌

1,000,000

OWL

Rock

Core

Income

Corp

5

.500

03/21/25

969,403‌

1,000,000

OWL

Rock

Core

Income

Corp

4

.700

02/08/27

901,709‌

750,000

g

OWL

Rock

Core

Income

Corp

7

.750

09/16/27

747,573‌

300,000

PACCAR

Financial

Corp

2

.150

08/15/24

286,288‌

500,000

PACCAR

Financial

Corp

2

.850

04/07/25

479,592‌

1,000,000

PACCAR

Financial

Corp

1

.100

05/11/26

891,041‌

3,000,000

Private

Export

Funding

Corp

(PEFCO)

1

.400

07/15/28

2,540,209‌

1,000,000

Prospect

Capital

Corp

3

.364

11/15/26

828,990‌

1,000,000

Prospect

Capital

Corp

3

.437

10/15/28

765,694‌

425,000

Raymond

James

Financial,

Inc

4

.950

07/15/46

377,835‌

1,000,000

Raymond

James

Financial,

Inc

3

.750

04/01/51

721,975‌

1,500,000

Royal

Bank

of

Canada

6

.000

11/01/27

1,563,661‌

625,000

g

S&P

Global,

Inc

2

.450

03/01/27

570,807‌

1,000,000

g

S&P

Global,

Inc

2

.700

03/01/29

880,222‌

500,000

S&P

Global,

Inc

2

.500

12/01/29

427,448‌

500,000

S&P

Global,

Inc

1

.250

08/15/30

384,545‌

1,000,000

g

S&P

Global,

Inc

2

.900

03/01/32

852,954‌

500,000

S&P

Global,

Inc

3

.250

12/01/49

357,530‌

1,000,000

g

S&P

Global,

Inc

3

.700

03/01/52

771,654‌

500,000

S&P

Global,

Inc

2

.300

08/15/60

272,162‌

1,000,000

g

S&P

Global,

Inc

3

.900

03/01/62

772,037‌

1,250,000

Shire

Acquisitions

Investments

Ireland

DAC

2

.875

09/23/23

1,228,423‌

1,400,000

Shire

Acquisitions

Investments

Ireland

DAC

3

.200

09/23/26

1,313,008‌

1,500,000

Sixth

Street

Specialty

Lending,

Inc

2

.500

08/01/26

1,312,176‌

300,000

State

Street

Corp

3

.776

12/03/24

296,527‌

750,000

State

Street

Corp

3

.300

12/16/24

731,954‌

375,000

State

Street

Corp

3

.550

08/18/25

364,616‌

1,000,000

State

Street

Corp

2

.354

11/01/25

953,756‌

500,000

State

Street

Corp

2

.901

03/30/26

475,522‌

650,000

State

Street

Corp

2

.650

05/19/26

610,736‌

1,000,000

State

Street

Corp

1

.684

11/18/27

885,765‌

1,000,000

State

Street

Corp

2

.203

02/07/28

898,236‌

300,000

State

Street

Corp

4

.141

12/03/29

282,735‌

750,000

State

Street

Corp

2

.400

01/24/30

636,025‌

1,375,000

State

Street

Corp

2

.200

03/03/31

1,099,321‌

1,000,000

State

Street

Corp

2

.623

02/07/33

817,009‌

200,000

State

Street

Corp

4

.421

05/13/33

189,249‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

31

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

750,000

State

Street

Corp

4

.164

%

08/04/33

$

692,799‌

500,000

State

Street

Corp

3

.031

11/01/34

420,512‌

100,000

Stifel

Financial

Corp

4

.250

07/18/24

97,975‌

500,000

Synchrony

Financial

4

.375

03/19/24

490,998‌

250,000

Synchrony

Financial

4

.250

08/15/24

244,259‌

600,000

Synchrony

Financial

4

.500

07/23/25

575,135‌

300,000

Synchrony

Financial

3

.700

08/04/26

275,971‌

900,000

Synchrony

Financial

3

.950

12/01/27

802,664‌

500,000

Synchrony

Financial

5

.150

03/19/29

473,135‌

2,000,000

Synchrony

Financial

2

.875

10/28/31

1,493,449‌

1,000,000

Toronto-Dominion

Bank

1

.950

01/12/27

891,020‌

500,000

Toyota

Motor

Credit

Corp

3

.450

09/20/23

494,360‌

400,000

Toyota

Motor

Credit

Corp

3

.350

01/08/24

394,705‌

1,000,000

Toyota

Motor

Credit

Corp

2

.000

10/07/24

951,699‌

3,000,000

Toyota

Motor

Credit

Corp

1

.800

02/13/25

2,819,048‌

1,500,000

Toyota

Motor

Credit

Corp

3

.400

04/14/25

1,453,884‌

1,000,000

Toyota

Motor

Credit

Corp

3

.650

08/18/25

971,623‌

1,000,000

Toyota

Motor

Credit

Corp

0

.800

10/16/25

895,248‌

1,000,000

Toyota

Motor

Credit

Corp

0

.800

01/09/26

890,936‌

4,000,000

Toyota

Motor

Credit

Corp

1

.125

06/18/26

3,533,844‌

1,000,000

Toyota

Motor

Credit

Corp

1

.900

01/13/27

892,317‌

1,000,000

Toyota

Motor

Credit

Corp

3

.050

03/22/27

932,350‌

1,000,000

Toyota

Motor

Credit

Corp

5

.450

11/10/27

1,022,400‌

300,000

Toyota

Motor

Credit

Corp

3

.050

01/11/28

276,801‌

400,000

Toyota

Motor

Credit

Corp

3

.650

01/08/29

374,549‌

2,000,000

Toyota

Motor

Credit

Corp

4

.450

06/29/29

1,958,129‌

225,000

Toyota

Motor

Credit

Corp

3

.375

04/01/30

204,050‌

1,000,000

Toyota

Motor

Credit

Corp

1

.650

01/10/31

786,951‌

1,000,000

Toyota

Motor

Credit

Corp

1

.900

09/12/31

789,543‌

1,000,000

Toyota

Motor

Credit

Corp

2

.400

01/13/32

820,225‌

300,000

Unilever

Capital

Corp

3

.250

03/07/24

294,379‌

1,100,000

Unilever

Capital

Corp

2

.600

05/05/24

1,066,305‌

1,000,000

Unilever

Capital

Corp

0

.626

08/12/24

936,648‌

500,000

Unilever

Capital

Corp

3

.375

03/22/25

485,848‌

450,000

Unilever

Capital

Corp

3

.100

07/30/25

431,897‌

225,000

Unilever

Capital

Corp

2

.000

07/28/26

205,045‌

800,000

Unilever

Capital

Corp

2

.900

05/05/27

745,448‌

1,150,000

Unilever

Capital

Corp

3

.500

03/22/28

1,077,405‌

1,000,000

Unilever

Capital

Corp

2

.125

09/06/29

846,328‌

175,000

Unilever

Capital

Corp

1

.375

09/14/30

136,694‌

200,000

Unilever

Capital

Corp

1

.750

08/12/31

157,145‌

430,000

Unilever

Capital

Corp

5

.900

11/15/32

461,595‌

500,000

Unilever

Capital

Corp

2

.625

08/12/51

322,341‌

550,000

Voya

Financial,

Inc

3

.650

06/15/26

518,603‌

200,000

Voya

Financial,

Inc

5

.700

07/15/43

185,367‌

200,000

Voya

Financial,

Inc

4

.800

06/15/46

159,111‌

TOTAL

DIVERSIFIED

FINANCIALS

513,957,752‌

ENERGY

-

1

.6

%

875,000

Baker

Hughes

a

GE

Co

LLC

3

.337

12/15/27

808,241‌

1,000,000

Baker

Hughes

a

GE

Co

LLC

3

.138

11/07/29

882,218‌

500,000

Baker

Hughes

a

GE

Co

LLC

4

.486

05/01/30

476,541‌

800,000

Baker

Hughes

a

GE

Co

LLC

5

.125

09/15/40

737,631‌

875,000

Baker

Hughes

a

GE

Co

LLC

4

.080

12/15/47

682,472‌

1,000,000

Baker

Hughes

Holdings

LLC

2

.061

12/15/26

896,272‌

475,000

Boardwalk

Pipelines

LP

5

.950

06/01/26

480,959‌

450,000

Boardwalk

Pipelines

LP

4

.450

07/15/27

427,979‌

500,000

Boardwalk

Pipelines

LP

4

.800

05/03/29

470,519‌

1,000,000

Boardwalk

Pipelines

LP

3

.400

02/15/31

836,402‌

1,000,000

Boardwalk

Pipelines

LP

3

.600

09/01/32

827,496‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

32

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

700,000

BP

Capital

Markets

America,

Inc

3

.796

%

09/21/25

$

687,305‌

1,800,000

BP

Capital

Markets

America,

Inc

3

.410

02/11/26

1,728,060‌

150,000

BP

Capital

Markets

America,

Inc

3

.119

05/04/26

142,183‌

200,000

BP

Capital

Markets

America,

Inc

3

.017

01/16/27

186,212‌

500,000

BP

Capital

Markets

America,

Inc

3

.588

04/14/27

476,253‌

750,000

BP

Capital

Markets

America,

Inc

3

.937

09/21/28

716,177‌

1,300,000

BP

Capital

Markets

America,

Inc

4

.234

11/06/28

1,259,520‌

1,000,000

BP

Capital

Markets

America,

Inc

3

.633

04/06/30

917,741‌

1,000,000

BP

Capital

Markets

America,

Inc

1

.749

08/10/30

797,196‌

2,000,000

BP

Capital

Markets

America,

Inc

2

.721

01/12/32

1,666,919‌

1,000,000

BP

Capital

Markets

America,

Inc

3

.060

06/17/41

740,230‌

2,000,000

BP

Capital

Markets

America,

Inc

3

.000

02/24/50

1,333,940‌

950,000

BP

Capital

Markets

America,

Inc

2

.772

11/10/50

606,496‌

2,500,000

BP

Capital

Markets

America,

Inc

2

.939

06/04/51

1,646,007‌

1,000,000

BP

Capital

Markets

America,

Inc

3

.001

03/17/52

659,177‌

2,500,000

BP

Capital

Markets

America,

Inc

3

.379

02/08/61

1,699,109‌

925,000

BP

Capital

Markets

plc

3

.279

09/19/27

869,744‌

300,000

BP

Capital

Markets

plc

3

.723

11/28/28

283,434‌

600,000

Canadian

Natural

Resources

Ltd

3

.800

04/15/24

587,971‌

700,000

Canadian

Natural

Resources

Ltd

3

.900

02/01/25

680,350‌

750,000

Canadian

Natural

Resources

Ltd

2

.050

07/15/25

697,752‌

1,125,000

Canadian

Natural

Resources

Ltd

3

.850

06/01/27

1,059,460‌

750,000

Canadian

Natural

Resources

Ltd

2

.950

07/15/30

631,952‌

1,625,000

Canadian

Natural

Resources

Ltd

6

.250

03/15/38

1,607,643‌

800,000

Canadian

Natural

Resources

Ltd

4

.950

06/01/47

693,958‌

1,200,000

Cenovus

Energy,

Inc

2

.650

01/15/32

958,077‌

1,425,000

e

Cenovus

Energy,

Inc

3

.750

02/15/52

1,000,639‌

1,000,000

Cheniere

Energy

Partners

LP

4

.500

10/01/29

899,221‌

1,000,000

Cheniere

Energy

Partners

LP

4

.000

03/01/31

851,360‌

1,000,000

Cheniere

Energy

Partners

LP

3

.250

01/31/32

794,707‌

425,000

Chevron

Corp

2

.895

03/03/24

415,395‌

400,000

Chevron

Corp

3

.326

11/17/25

386,470‌

2,475,000

Chevron

Corp

2

.954

05/16/26

2,347,345‌

2,225,000

Chevron

Corp

1

.995

05/11/27

1,998,207‌

600,000

Chevron

Corp

2

.236

05/11/30

514,141‌

1,000,000

Chevron

Corp

3

.078

05/11/50

717,659‌

775,000

Columbia

Pipeline

Group,

Inc

4

.500

06/01/25

763,153‌

300,000

Columbia

Pipeline

Group,

Inc

5

.800

06/01/45

289,201‌

750,000

ConocoPhillips

5

.900

10/15/32

800,271‌

77,000

ConocoPhillips

Co

4

.150

11/15/34

66,703‌

1,700,000

ConocoPhillips

Co

3

.758

03/15/42

1,409,833‌

300,000

ConocoPhillips

Co

4

.300

11/15/44

259,463‌

850,000

ConocoPhillips

Co

3

.800

03/15/52

668,221‌

3,612,000

ConocoPhillips

Co

4

.025

03/15/62

2,843,371‌

750,000

ConocoPhillips

Holding

Co

6

.950

04/15/29

829,330‌

1,500,000

Continental

Resources,

Inc

4

.375

01/15/28

1,374,390‌

525,000

Coterra

Energy,

Inc

3

.900

05/15/27

490,203‌

300,000

Coterra

Energy,

Inc

4

.375

03/15/29

283,423‌

1,000,000

DCP

Midstream

Operating

LP

5

.375

07/15/25

990,700‌

1,000,000

DCP

Midstream

Operating

LP

5

.625

07/15/27

991,962‌

1,000,000

DCP

Midstream

Operating

LP

5

.125

05/15/29

963,734‌

2,000,000

Devon

Energy

Corp

4

.500

01/15/30

1,861,987‌

885,000

Devon

Energy

Corp

5

.600

07/15/41

825,644‌

700,000

Devon

Energy

Corp

4

.750

05/15/42

592,541‌

1,100,000

Devon

Energy

Corp

5

.000

06/15/45

949,760‌

425,000

Diamondback

Energy,

Inc

3

.250

12/01/26

395,291‌

1,000,000

Diamondback

Energy,

Inc

3

.500

12/01/29

877,321‌

650,000

Diamondback

Energy,

Inc

3

.125

03/24/31

538,240‌

1,000,000

Diamondback

Energy,

Inc

6

.250

03/15/33

1,014,966‌

1,000,000

Diamondback

Energy,

Inc

4

.400

03/24/51

761,782‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

33

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

450,000

Diamondback

Energy,

Inc

4

.250

%

03/15/52

$

329,252‌

1,000,000

Diamondback

Energy,

Inc

6

.250

03/15/53

966,356‌

750,000

Eastern

Gas

Transmission

&

Storage,

Inc

3

.000

11/15/29

647,460‌

200,000

Eastern

Gas

Transmission

&

Storage,

Inc

4

.800

11/01/43

173,207‌

200,000

Eastern

Gas

Transmission

&

Storage,

Inc

4

.600

12/15/44

164,204‌

300,000

El

Paso

Corp

7

.750

01/15/32

337,290‌

300,000

Enable

Midstream

Partners

LP

3

.900

05/15/24

292,176‌

200,000

Enable

Midstream

Partners

LP

4

.400

03/15/27

189,985‌

1,250,000

Enable

Midstream

Partners

LP

4

.950

05/15/28

1,198,928‌

500,000

Enable

Midstream

Partners

LP

4

.150

09/15/29

451,684‌

100,000

Enable

Midstream

Partners

LP

5

.000

05/15/44

81,518‌

1,200,000

Enbridge

Energy

Partners

LP

5

.875

10/15/25

1,218,588‌

300,000

Enbridge

Energy

Partners

LP

5

.500

09/15/40

280,375‌

200,000

Enbridge

Energy

Partners

LP

7

.375

10/15/45

223,395‌

300,000

Enbridge,

Inc

4

.000

10/01/23

297,583‌

250,000

Enbridge,

Inc

2

.500

01/15/25

236,513‌

950,000

Enbridge,

Inc

2

.500

02/14/25

896,211‌

1,500,000

Enbridge,

Inc

1

.600

10/04/26

1,313,705‌

100,000

Enbridge,

Inc

4

.250

12/01/26

96,141‌

100,000

Enbridge,

Inc

3

.700

07/15/27

93,608‌

500,000

Enbridge,

Inc

3

.125

11/15/29

435,928‌

1,500,000

Enbridge,

Inc

2

.500

08/01/33

1,153,695‌

300,000

Enbridge,

Inc

4

.500

06/10/44

249,430‌

925,000

Enbridge,

Inc

5

.500

12/01/46

869,633‌

1,000,000

Enbridge,

Inc

4

.000

11/15/49

763,872‌

2,000,000

Enbridge,

Inc

3

.400

08/01/51

1,357,471‌

1,000,000

EnCana

Corp

6

.500

08/15/34

1,006,247‌

1,000,000

Energy

Transfer

LP

5

.550

02/15/28

991,930‌

600,000

Energy

Transfer

LP

5

.750

02/15/33

587,016‌

200,000

Energy

Transfer

Operating

LP

4

.200

09/15/23

198,745‌

500,000

Energy

Transfer

Operating

LP

4

.900

02/01/24

497,146‌

2,775,000

Energy

Transfer

Operating

LP

4

.500

04/15/24

2,735,496‌

825,000

Energy

Transfer

Operating

LP

4

.050

03/15/25

799,090‌

400,000

Energy

Transfer

Operating

LP

2

.900

05/15/25

376,698‌

325,000

Energy

Transfer

Operating

LP

4

.750

01/15/26

316,556‌

250,000

Energy

Transfer

Operating

LP

4

.200

04/15/27

235,927‌

350,000

Energy

Transfer

Operating

LP

4

.950

06/15/28

338,445‌

2,600,000

Energy

Transfer

Operating

LP

5

.250

04/15/29

2,514,085‌

3,125,000

Energy

Transfer

Operating

LP

3

.750

05/15/30

2,755,268‌

400,000

Energy

Transfer

Operating

LP

4

.900

03/15/35

356,200‌

500,000

Energy

Transfer

Operating

LP

5

.800

06/15/38

457,755‌

140,000

Energy

Transfer

Operating

LP

7

.500

07/01/38

148,715‌

650,000

Energy

Transfer

Operating

LP

6

.500

02/01/42

642,446‌

200,000

Energy

Transfer

Operating

LP

5

.150

02/01/43

165,309‌

200,000

Energy

Transfer

Operating

LP

5

.950

10/01/43

183,755‌

550,000

Energy

Transfer

Operating

LP

5

.150

03/15/45

455,225‌

625,000

Energy

Transfer

Operating

LP

6

.125

12/15/45

578,276‌

500,000

Energy

Transfer

Operating

LP

5

.300

04/15/47

415,994‌

1,025,000

Energy

Transfer

Operating

LP

6

.000

06/15/48

923,984‌

2,750,000

Energy

Transfer

Operating

LP

6

.250

04/15/49

2,557,155‌

2,175,000

Energy

Transfer

Operating

LP

5

.000

05/15/50

1,737,675‌

950,000

Enterprise

Products

Operating

LLC

3

.900

02/15/24

935,405‌

225,000

Enterprise

Products

Operating

LLC

3

.750

02/15/25

218,768‌

450,000

Enterprise

Products

Operating

LLC

3

.700

02/15/26

433,703‌

3,065,000

Enterprise

Products

Operating

LLC

3

.950

02/15/27

2,939,601‌

725,000

Enterprise

Products

Operating

LLC

4

.150

10/16/28

686,504‌

450,000

Enterprise

Products

Operating

LLC

3

.125

07/31/29

396,201‌

750,000

Enterprise

Products

Operating

LLC

2

.800

01/31/30

637,143‌

480,000

Enterprise

Products

Operating

LLC

6

.125

10/15/39

491,434‌

175,000

Enterprise

Products

Operating

LLC

5

.950

02/01/41

175,322‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

34

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

525,000

Enterprise

Products

Operating

LLC

4

.850

%

08/15/42

$

463,755‌

325,000

Enterprise

Products

Operating

LLC

4

.450

02/15/43

273,673‌

1,775,000

Enterprise

Products

Operating

LLC

4

.850

03/15/44

1,564,561‌

775,000

Enterprise

Products

Operating

LLC

5

.100

02/15/45

696,491‌

500,000

Enterprise

Products

Operating

LLC

4

.900

05/15/46

434,773‌

675,000

Enterprise

Products

Operating

LLC

4

.250

02/15/48

541,629‌

2,475,000

Enterprise

Products

Operating

LLC

4

.800

02/01/49

2,108,989‌

950,000

Enterprise

Products

Operating

LLC

4

.200

01/31/50

746,958‌

775,000

Enterprise

Products

Operating

LLC

3

.700

01/31/51

558,693‌

1,000,000

Enterprise

Products

Operating

LLC

3

.200

02/15/52

655,247‌

425,000

Enterprise

Products

Operating

LLC

3

.300

02/15/53

282,702‌

200,000

Enterprise

Products

Operating

LLC

4

.950

10/15/54

166,456‌

1,625,000

Enterprise

Products

Operating

LLC

3

.950

01/31/60

1,172,738‌

700,000

Enterprise

Products

Operating

LLC

5

.250

08/16/77

563,030‌

100,000

Enterprise

Products

Operating

LLC

7

.630

08/16/77

90,507‌

400,000

Enterprise

Products

Operating

LLC

5

.375

02/15/78

305,023‌

475,000

EOG

Resources,

Inc

4

.150

01/15/26

465,657‌

500,000

EOG

Resources,

Inc

4

.375

04/15/30

483,333‌

200,000

EOG

Resources,

Inc

3

.900

04/01/35

178,405‌

200,000

EOG

Resources,

Inc

5

.100

01/15/36

189,953‌

500,000

EOG

Resources,

Inc

4

.950

04/15/50

475,719‌

3,000,000

EQT

Corp

6

.125

02/01/25

3,007,050‌

475,000

Equinor

ASA

2

.650

01/15/24

463,448‌

150,000

Equinor

ASA

3

.700

03/01/24

147,841‌

500,000

Equinor

ASA

3

.250

11/10/24

487,311‌

500,000

Equinor

ASA

2

.875

04/06/25

479,108‌

400,000

Equinor

ASA

1

.750

01/22/26

365,571‌

500,000

Equinor

ASA

3

.000

04/06/27

466,433‌

1,500,000

Equinor

ASA

3

.625

09/10/28

1,419,379‌

300,000

Equinor

ASA

3

.125

04/06/30

269,351‌

1,175,000

Equinor

ASA

2

.375

05/22/30

999,288‌

300,000

Equinor

ASA

3

.625

04/06/40

246,568‌

200,000

Equinor

ASA

5

.100

08/17/40

196,398‌

400,000

Equinor

ASA

4

.250

11/23/41

351,878‌

300,000

Equinor

ASA

3

.950

05/15/43

250,648‌

1,300,000

Equinor

ASA

4

.800

11/08/43

1,222,330‌

750,000

Equinor

ASA

3

.250

11/18/49

544,791‌

1,300,000

Equinor

ASA

3

.700

04/06/50

1,025,205‌

175,000

Exxon

Mobil

Corp

3

.176

03/15/24

171,527‌

3,000,000

Exxon

Mobil

Corp

2

.992

03/19/25

2,889,617‌

4,177,000

Exxon

Mobil

Corp

3

.043

03/01/26

3,983,875‌

1,000,000

Exxon

Mobil

Corp

2

.275

08/16/26

925,242‌

1,750,000

e

Exxon

Mobil

Corp

3

.294

03/19/27

1,681,472‌

1,000,000

Exxon

Mobil

Corp

2

.440

08/16/29

873,568‌

750,000

Exxon

Mobil

Corp

3

.482

03/19/30

699,452‌

750,000

Exxon

Mobil

Corp

2

.610

10/15/30

655,118‌

1,000,000

Exxon

Mobil

Corp

2

.995

08/16/39

764,289‌

1,750,000

Exxon

Mobil

Corp

4

.227

03/19/40

1,574,619‌

500,000

Exxon

Mobil

Corp

3

.567

03/06/45

393,309‌

1,225,000

Exxon

Mobil

Corp

4

.114

03/01/46

1,042,124‌

1,400,000

Exxon

Mobil

Corp

3

.095

08/16/49

1,000,503‌

2,100,000

Exxon

Mobil

Corp

4

.327

03/19/50

1,839,073‌

2,800,000

Exxon

Mobil

Corp

3

.452

04/15/51

2,107,931‌

75,000

Halliburton

Co

3

.800

11/15/25

72,949‌

2,000,000

e

Halliburton

Co

2

.920

03/01/30

1,714,638‌

500,000

Halliburton

Co

4

.850

11/15/35

462,557‌

125,000

Halliburton

Co

6

.700

09/15/38

131,258‌

125,000

Halliburton

Co

7

.450

09/15/39

140,954‌

750,000

Halliburton

Co

4

.750

08/01/43

639,720‌

2,825,000

Halliburton

Co

5

.000

11/15/45

2,501,386‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

35

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

1,000,000

Helmerich

&

Payne,

Inc

2

.900

%

09/29/31

$

811,624‌

200,000

Hess

Corp

3

.500

07/15/24

194,176‌

2,100,000

Hess

Corp

4

.300

04/01/27

2,005,612‌

200,000

Hess

Corp

6

.000

01/15/40

195,902‌

1,190,000

Hess

Corp

5

.600

02/15/41

1,124,870‌

900,000

Hess

Corp

5

.800

04/01/47

859,197‌

1,130,000

Husky

Energy,

Inc

6

.800

09/15/37

1,158,940‌

300,000

Kinder

Morgan

Energy

Partners

LP

4

.150

02/01/24

295,945‌

500,000

Kinder

Morgan

Energy

Partners

LP

4

.250

09/01/24

491,458‌

300,000

Kinder

Morgan

Energy

Partners

LP

6

.950

01/15/38

317,405‌

535,000

Kinder

Morgan

Energy

Partners

LP

6

.500

09/01/39

539,152‌

400,000

Kinder

Morgan

Energy

Partners

LP

4

.700

11/01/42

330,442‌

500,000

Kinder

Morgan

Energy

Partners

LP

5

.000

03/01/43

427,072‌

400,000

Kinder

Morgan

Energy

Partners

LP

5

.500

03/01/44

361,703‌

200,000

Kinder

Morgan

Energy

Partners

LP

5

.400

09/01/44

179,701‌

1,500,000

Kinder

Morgan,

Inc

1

.750

11/15/26

1,323,811‌

2,825,000

Kinder

Morgan,

Inc

4

.300

03/01/28

2,706,147‌

450,000

Kinder

Morgan,

Inc

2

.000

02/15/31

348,354‌

1,250,000

Kinder

Morgan,

Inc

4

.800

02/01/33

1,158,894‌

3,300,000

Kinder

Morgan,

Inc

5

.300

12/01/34

3,088,315‌

1,600,000

Kinder

Morgan,

Inc

5

.550

06/01/45

1,458,898‌

2,325,000

Kinder

Morgan,

Inc

5

.200

03/01/48

2,006,105‌

500,000

Kinder

Morgan,

Inc

3

.250

08/01/50

322,807‌

2,500,000

Kinder

Morgan,

Inc

3

.600

02/15/51

1,721,906‌

750,000

Kinder

Morgan,

Inc

5

.450

08/01/52

673,184‌

900,000

Magellan

Midstream

Partners

LP

5

.000

03/01/26

894,001‌

475,000

Magellan

Midstream

Partners

LP

3

.250

06/01/30

414,359‌

225,000

Magellan

Midstream

Partners

LP

4

.250

09/15/46

169,924‌

425,000

Magellan

Midstream

Partners

LP

4

.200

10/03/47

318,328‌

525,000

Magellan

Midstream

Partners

LP

4

.850

02/01/49

433,608‌

1,500,000

Magellan

Midstream

Partners

LP

3

.950

03/01/50

1,097,655‌

1,475,000

Marathon

Oil

Corp

4

.400

07/15/27

1,408,584‌

505,000

Marathon

Oil

Corp

6

.600

10/01/37

501,865‌

600,000

Marathon

Oil

Corp

5

.200

06/01/45

513,513‌

2,175,000

Marathon

Petroleum

Corp

3

.625

09/15/24

2,116,538‌

500,000

Marathon

Petroleum

Corp

4

.700

05/01/25

492,355‌

200,000

Marathon

Petroleum

Corp

3

.800

04/01/28

185,027‌

800,000

Marathon

Petroleum

Corp

6

.500

03/01/41

821,777‌

450,000

Marathon

Petroleum

Corp

4

.750

09/15/44

375,749‌

250,000

Marathon

Petroleum

Corp

5

.850

12/15/45

226,248‌

600,000

Marathon

Petroleum

Corp

4

.500

04/01/48

479,153‌

200,000

Marathon

Petroleum

Corp

5

.000

09/15/54

166,896‌

1,000,000

MPLX

LP

4

.875

12/01/24

991,823‌

2,500,000

MPLX

LP

4

.875

06/01/25

2,461,680‌

2,800,000

MPLX

LP

1

.750

03/01/26

2,495,836‌

100,000

MPLX

LP

4

.125

03/01/27

94,451‌

150,000

MPLX

LP

4

.250

12/01/27

141,738‌

475,000

MPLX

LP

4

.000

03/15/28

441,802‌

1,125,000

MPLX

LP

2

.650

08/15/30

911,697‌

500,000

MPLX

LP

4

.950

09/01/32

468,843‌

975,000

MPLX

LP

4

.500

04/15/38

821,309‌

375,000

MPLX

LP

5

.200

03/01/47

318,276‌

700,000

MPLX

LP

5

.200

12/01/47

595,453‌

825,000

MPLX

LP

4

.700

04/15/48

651,034‌

850,000

MPLX

LP

5

.500

02/15/49

747,058‌

1,000,000

MPLX

LP

4

.950

03/14/52

816,844‌

1,600,000

MPLX

LP

4

.900

04/15/58

1,253,152‌

500,000

National

Oilwell

Varco,

Inc

3

.600

12/01/29

439,468‌

800,000

National

Oilwell

Varco,

Inc

3

.950

12/01/42

557,751‌

1,500,000

Newfield

Exploration

Co

5

.375

01/01/26

1,485,022‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

36

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

175,000

ONEOK,

Inc

2

.750

%

09/01/24

$

167,533‌

100,000

ONEOK,

Inc

5

.850

01/15/26

101,198‌

1,300,000

ONEOK,

Inc

4

.000

07/13/27

1,223,049‌

725,000

ONEOK,

Inc

4

.550

07/15/28

684,262‌

325,000

ONEOK,

Inc

4

.350

03/15/29

300,362‌

500,000

ONEOK,

Inc

3

.400

09/01/29

432,129‌

500,000

ONEOK,

Inc

3

.100

03/15/30

419,005‌

175,000

ONEOK,

Inc

6

.350

01/15/31

177,790‌

675,000

ONEOK,

Inc

4

.950

07/13/47

543,661‌

1,350,000

ONEOK,

Inc

5

.200

07/15/48

1,124,516‌

1,000,000

ONEOK,

Inc

4

.450

09/01/49

743,071‌

500,000

ONEOK,

Inc

4

.500

03/15/50

372,309‌

300,000

ONEOK,

Inc

7

.150

01/15/51

304,584‌

675,000

Phillips

66

0

.900

02/15/24

645,110‌

1,000,000

Phillips

66

3

.850

04/09/25

975,422‌

925,000

Phillips

66

1

.300

02/15/26

828,671‌

1,000,000

Phillips

66

3

.900

03/15/28

943,747‌

738,000

Phillips

66

4

.650

11/15/34

688,542‌

125,000

Phillips

66

5

.875

05/01/42

128,040‌

2,375,000

Phillips

66

4

.875

11/15/44

2,169,987‌

825,000

Phillips

66

3

.300

03/15/52

569,279‌

500,000

g

Phillips

66

Co

2

.450

12/15/24

469,634‌

100,000

g

Phillips

66

Co

3

.550

10/01/26

93,792‌

675,000

g

Phillips

66

Co

3

.750

03/01/28

621,263‌

500,000

g

Phillips

66

Co

3

.150

12/15/29

436,186‌

425,000

g

Phillips

66

Co

4

.680

02/15/45

368,334‌

350,000

g

Phillips

66

Co

4

.900

10/01/46

309,762‌

2,000,000

Pioneer

Natural

Resources

Co

1

.125

01/15/26

1,782,614‌

750,000

Pioneer

Natural

Resources

Co

2

.150

01/15/31

592,801‌

200,000

Plains

All

American

Pipeline

LP

2

.850

01/31/23

199,686‌

400,000

Plains

All

American

Pipeline

LP

3

.850

10/15/23

394,376‌

575,000

Plains

All

American

Pipeline

LP

3

.600

11/01/24

555,920‌

1,025,000

Plains

All

American

Pipeline

LP

4

.650

10/15/25

1,002,987‌

2,075,000

Plains

All

American

Pipeline

LP

4

.500

12/15/26

1,991,837‌

1,000,000

Plains

All

American

Pipeline

LP

3

.800

09/15/30

869,081‌

100,000

Plains

All

American

Pipeline

LP

6

.650

01/15/37

98,385‌

250,000

Plains

All

American

Pipeline

LP

5

.150

06/01/42

202,629‌

300,000

Plains

All

American

Pipeline

LP

4

.700

06/15/44

227,531‌

300,000

Plains

All

American

Pipeline

LP

4

.900

02/15/45

232,399‌

690,000

Sabine

Pass

Liquefaction

LLC

5

.750

05/15/24

690,167‌

1,775,000

Sabine

Pass

Liquefaction

LLC

5

.625

03/01/25

1,777,507‌

275,000

Sabine

Pass

Liquefaction

LLC

5

.875

06/30/26

278,256‌

2,675,000

Sabine

Pass

Liquefaction

LLC

5

.000

03/15/27

2,622,902‌

550,000

Sabine

Pass

Liquefaction

LLC

4

.200

03/15/28

516,984‌

1,500,000

Sabine

Pass

Liquefaction

LLC

4

.500

05/15/30

1,390,375‌

750,000

Schlumberger

Finance

Canada

Ltd

1

.400

09/17/25

686,937‌

1,500,000

Schlumberger

Investment

S.A.

2

.650

06/26/30

1,286,722‌

5,075,000

Shell

International

Finance

BV

3

.250

05/11/25

4,917,563‌

2,075,000

Shell

International

Finance

BV

2

.875

05/10/26

1,954,029‌

925,000

Shell

International

Finance

BV

2

.500

09/12/26

857,398‌

1,225,000

Shell

International

Finance

BV

3

.875

11/13/28

1,179,674‌

3,000,000

Shell

International

Finance

BV

2

.375

11/07/29

2,592,735‌

1,000,000

Shell

International

Finance

BV

2

.750

04/06/30

877,405‌

500,000

Shell

International

Finance

BV

4

.125

05/11/35

463,574‌

350,000

Shell

International

Finance

BV

6

.375

12/15/38

384,813‌

100,000

Shell

International

Finance

BV

5

.500

03/25/40

101,884‌

1,500,000

Shell

International

Finance

BV

2

.875

11/26/41

1,087,994‌

1,200,000

Shell

International

Finance

BV

4

.550

08/12/43

1,083,507‌

2,025,000

Shell

International

Finance

BV

4

.375

05/11/45

1,769,437‌

650,000

Shell

International

Finance

BV

4

.000

05/10/46

530,013‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

37

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

3,180,000

Shell

International

Finance

BV

3

.750

%

09/12/46

$

2,490,291‌

1,500,000

Shell

International

Finance

BV

3

.125

11/07/49

1,054,145‌

1,500,000

Shell

International

Finance

BV

3

.250

04/06/50

1,075,922‌

1,000,000

Shell

International

Finance

BV

3

.000

11/26/51

677,118‌

200,000

Spectra

Energy

Partners

LP

4

.750

03/15/24

198,647‌

400,000

Spectra

Energy

Partners

LP

3

.500

03/15/25

384,472‌

1,100,000

Spectra

Energy

Partners

LP

3

.375

10/15/26

1,023,574‌

200,000

Spectra

Energy

Partners

LP

5

.950

09/25/43

194,283‌

600,000

Spectra

Energy

Partners

LP

4

.500

03/15/45

495,279‌

250,000

Suncor

Energy,

Inc

6

.800

05/15/38

261,878‌

1,625,000

Suncor

Energy,

Inc

6

.500

06/15/38

1,666,403‌

1,550,000

Suncor

Energy,

Inc

4

.000

11/15/47

1,175,063‌

1,000,000

Suncor

Energy,

Inc

3

.750

03/04/51

718,344‌

300,000

Sunoco

Logistics

Partners

Operations

LP

4

.250

04/01/24

294,600‌

200,000

Sunoco

Logistics

Partners

Operations

LP

5

.950

12/01/25

202,797‌

400,000

Sunoco

Logistics

Partners

Operations

LP

3

.900

07/15/26

377,926‌

100,000

Sunoco

Logistics

Partners

Operations

LP

6

.100

02/15/42

91,693‌

300,000

Sunoco

Logistics

Partners

Operations

LP

5

.300

04/01/44

253,285‌

200,000

Sunoco

Logistics

Partners

Operations

LP

5

.350

05/15/45

169,607‌

1,225,000

Sunoco

Logistics

Partners

Operations

LP

5

.400

10/01/47

1,037,645‌

2,000,000

Targa

Resources

Corp

5

.200

07/01/27

1,960,264‌

350,000

Targa

Resources

Corp

4

.200

02/01/33

301,127‌

575,000

Targa

Resources

Corp

4

.950

04/15/52

454,885‌

1,250,000

Targa

Resources

Corp

6

.250

07/01/52

1,179,688‌

1,000,000

Targa

Resources

Partners

LP

6

.875

01/15/29

1,007,958‌

1,000,000

Targa

Resources

Partners

LP

5

.500

03/01/30

940,920‌

1,000,000

Tosco

Corp

8

.125

02/15/30

1,165,275‌

750,000

Total

Capital

International

S.A.

3

.700

01/15/24

739,952‌

450,000

Total

Capital

International

S.A.

3

.750

04/10/24

443,685‌

500,000

Total

Capital

International

S.A.

2

.434

01/10/25

477,656‌

900,000

Total

Capital

International

S.A.

3

.455

02/19/29

834,284‌

1,300,000

Total

Capital

International

S.A.

2

.829

01/10/30

1,147,452‌

775,000

Total

Capital

International

S.A.

2

.986

06/29/41

577,312‌

500,000

Total

Capital

International

S.A.

3

.461

07/12/49

373,583‌

1,500,000

Total

Capital

International

S.A.

3

.127

05/29/50

1,059,324‌

1,000,000

Total

Capital

International

S.A.

3

.386

06/29/60

696,053‌

1,125,000

Total

Capital

S.A.

3

.883

10/11/28

1,086,630‌

1,225,000

TransCanada

PipeLines

Ltd

4

.875

01/15/26

1,217,271‌

4,000,000

TransCanada

PipeLines

Ltd

4

.100

04/15/30

3,664,269‌

1,000,000

TransCanada

PipeLines

Ltd

2

.500

10/12/31

794,030‌

1,925,000

TransCanada

PipeLines

Ltd

4

.625

03/01/34

1,754,221‌

100,000

TransCanada

PipeLines

Ltd

6

.200

10/15/37

101,958‌

500,000

TransCanada

PipeLines

Ltd

4

.750

05/15/38

445,655‌

200,000

TransCanada

PipeLines

Ltd

7

.625

01/15/39

228,661‌

125,000

TransCanada

PipeLines

Ltd

6

.100

06/01/40

125,653‌

1,200,000

TransCanada

PipeLines

Ltd

5

.000

10/16/43

1,065,555‌

750,000

TransCanada

PipeLines

Ltd

4

.875

05/15/48

654,922‌

1,425,000

TransCanada

PipeLines

Ltd

5

.100

03/15/49

1,291,887‌

700,000

Transcontinental

Gas

Pipe

Line

Co

LLC

7

.850

02/01/26

747,085‌

1,200,000

Transcontinental

Gas

Pipe

Line

Co

LLC

4

.000

03/15/28

1,125,904‌

500,000

Transcontinental

Gas

Pipe

Line

Co

LLC

3

.250

05/15/30

433,897‌

850,000

Transcontinental

Gas

Pipe

Line

Co

LLC

4

.600

03/15/48

706,450‌

500,000

Transcontinental

Gas

Pipe

Line

Co

LLC

3

.950

05/15/50

380,196‌

2,000,000

Vale

Overseas

Ltd

3

.750

07/08/30

1,749,863‌

1,164,000

Vale

Overseas

Ltd

6

.875

11/21/36

1,228,175‌

750,000

Valero

Energy

Corp

2

.150

09/15/27

657,517‌

342,000

Valero

Energy

Corp

4

.350

06/01/28

329,506‌

1,500,000

Valero

Energy

Corp

2

.800

12/01/31

1,222,531‌

455,000

Valero

Energy

Corp

7

.500

04/15/32

511,407‌

850,000

Valero

Energy

Corp

6

.625

06/15/37

904,516‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

38

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

300,000

Valero

Energy

Corp

4

.900

%

03/15/45

$

266,345‌

1,500,000

Valero

Energy

Corp

3

.650

12/01/51

1,059,006‌

1,000,000

Valero

Energy

Corp

4

.000

06/01/52

751,228‌

300,000

Valero

Energy

Partners

LP

4

.500

03/15/28

290,874‌

3,500,000

Williams

Cos,

Inc

2

.600

03/15/31

2,832,385‌

1,000,000

Williams

Cos,

Inc

4

.650

08/15/32

930,904‌

1,500,000

Williams

Cos,

Inc

3

.500

10/15/51

1,020,829‌

500,000

Williams

Cos,

Inc

5

.300

08/15/52

447,073‌

300,000

Williams

Partners

LP

4

.500

11/15/23

297,787‌

150,000

Williams

Partners

LP

3

.900

01/15/25

146,075‌

925,000

Williams

Partners

LP

4

.000

09/15/25

899,069‌

1,300,000

Williams

Partners

LP

3

.750

06/15/27

1,223,628‌

300,000

Williams

Partners

LP

6

.300

04/15/40

306,454‌

300,000

Williams

Partners

LP

5

.800

11/15/43

285,242‌

300,000

Williams

Partners

LP

5

.400

03/04/44

271,957‌

1,000,000

Williams

Partners

LP

4

.900

01/15/45

850,283‌

225,000

Williams

Partners

LP

5

.100

09/15/45

196,734‌

1,700,000

Williams

Partners

LP

4

.850

03/01/48

1,436,751‌

TOTAL

ENERGY

320,054,298‌

FOOD

&

STAPLES

RETAILING

-

0

.2

%

400,000

Costco

Wholesale

Corp

2

.750

05/18/24

389,581‌

625,000

Costco

Wholesale

Corp

3

.000

05/18/27

587,391‌

475,000

Costco

Wholesale

Corp

1

.375

06/20/27

416,028‌

725,000

Costco

Wholesale

Corp

1

.600

04/20/30

593,968‌

1,800,000

Costco

Wholesale

Corp

1

.750

04/20/32

1,423,018‌

69,000

Delhaize

Group

S.A.

5

.700

10/01/40

68,347‌

200,000

Kroger

Co

3

.850

08/01/23

198,321‌

300,000

Kroger

Co

4

.000

02/01/24

295,800‌

100,000

Kroger

Co

3

.500

02/01/26

95,472‌

1,275,000

Kroger

Co

2

.650

10/15/26

1,170,270‌

175,000

Kroger

Co

3

.700

08/01/27

165,340‌

1,150,000

Kroger

Co

4

.500

01/15/29

1,107,573‌

250,000

Kroger

Co

2

.200

05/01/30

202,866‌

1,500,000

Kroger

Co

1

.700

01/15/31

1,156,440‌

100,000

Kroger

Co

6

.900

04/15/38

109,458‌

250,000

Kroger

Co

5

.000

04/15/42

226,784‌

300,000

Kroger

Co

5

.150

08/01/43

276,094‌

300,000

Kroger

Co

3

.875

10/15/46

229,232‌

900,000

Kroger

Co

4

.450

02/01/47

755,724‌

700,000

Kroger

Co

4

.650

01/15/48

604,809‌

300,000

Kroger

Co

5

.400

01/15/49

286,229‌

500,000

Kroger

Co

3

.950

01/15/50

388,135‌

125,000

SYSCO

Corp

3

.750

10/01/25

120,957‌

350,000

SYSCO

Corp

3

.300

07/15/26

330,148‌

1,000,000

SYSCO

Corp

2

.400

02/15/30

831,188‌

332,000

SYSCO

Corp

5

.950

04/01/30

343,605‌

400,000

SYSCO

Corp

2

.450

12/14/31

321,277‌

300,000

SYSCO

Corp

4

.850

10/01/45

264,354‌

500,000

SYSCO

Corp

4

.500

04/01/46

418,938‌

250,000

SYSCO

Corp

4

.450

03/15/48

204,964‌

550,000

SYSCO

Corp

3

.300

02/15/50

376,744‌

905,000

SYSCO

Corp

6

.600

04/01/50

986,361‌

675,000

SYSCO

Corp

3

.150

12/14/51

443,707‌

622,000

Walgreens

Boots

Alliance,

Inc

3

.450

06/01/26

591,310‌

750,000

Walgreens

Boots

Alliance,

Inc

3

.200

04/15/30

649,038‌

1,400,000

Walgreens

Boots

Alliance,

Inc

4

.500

11/18/34

1,222,792‌

525,000

Walgreens

Boots

Alliance,

Inc

4

.650

06/01/46

416,767‌

750,000

Walgreens

Boots

Alliance,

Inc

4

.100

04/15/50

551,734‌

500,000

Walmart,

Inc

1

.050

09/17/26

442,782‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

39

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOOD

&

STAPLES

RETAILING—continued

$

6,000,000

Walmart,

Inc

3

.950

%

09/09/27

$

5,917,131‌

1,000,000

Walmart,

Inc

1

.500

09/22/28

856,951‌

21,000

Walmart,

Inc

2

.375

09/24/29

18,388‌

1,750,000

Walmart,

Inc

1

.800

09/22/31

1,424,181‌

5,000,000

e

Walmart,

Inc

4

.150

09/09/32

4,870,720‌

825,000

Walmart,

Inc

2

.500

09/22/41

601,882‌

1,500,000

e

Walmart,

Inc

2

.650

09/22/51

1,014,156‌

4,000,000

Walmart,

Inc

4

.500

09/09/52

3,804,722‌

TOTAL

FOOD

&

STAPLES

RETAILING

37,771,677‌

FOOD,

BEVERAGE

&

TOBACCO

-

0

.9

%

1,300,000

Altria

Group,

Inc

2

.350

05/06/25

1,224,486‌

727,000

Altria

Group,

Inc

4

.400

02/14/26

711,700‌

700,000

e

Altria

Group,

Inc

2

.625

09/16/26

641,838‌

800,000

Altria

Group,

Inc

3

.400

05/06/30

683,802‌

2,175,000

Altria

Group,

Inc

2

.450

02/04/32

1,640,808‌

800,000

Altria

Group,

Inc

5

.800

02/14/39

737,654‌

1,500,000

Altria

Group,

Inc

3

.400

02/04/41

994,870‌

925,000

Altria

Group,

Inc

4

.250

08/09/42

685,508‌

300,000

Altria

Group,

Inc

4

.500

05/02/43

225,224‌

775,000

Altria

Group,

Inc

5

.375

01/31/44

683,085‌

900,000

Altria

Group,

Inc

3

.875

09/16/46

601,782‌

3,375,000

Altria

Group,

Inc

5

.950

02/14/49

3,001,155‌

1,000,000

Altria

Group,

Inc

4

.450

05/06/50

708,094‌

1,000,000

Altria

Group,

Inc

3

.700

02/04/51

626,321‌

1,000,000

Altria

Group,

Inc

4

.000

02/04/61

648,918‌

1,125,000

Anheuser-Busch

InBev

Finance,

Inc

4

.625

02/01/44

1,011,090‌

625,000

Anheuser-Busch

InBev

Worldwide,

Inc

4

.900

01/23/31

625,279‌

1,700,000

Anheuser-Busch

InBev

Worldwide,

Inc

4

.375

04/15/38

1,519,648‌

100,000

Anheuser-Busch

InBev

Worldwide,

Inc

8

.200

01/15/39

124,942‌

2,675,000

Anheuser-Busch

InBev

Worldwide,

Inc

5

.450

01/23/39

2,669,137‌

500,000

Anheuser-Busch

InBev

Worldwide,

Inc

4

.350

06/01/40

439,374‌

150,000

Anheuser-Busch

InBev

Worldwide,

Inc

4

.950

01/15/42

140,661‌

309,000

Anheuser-Busch

InBev

Worldwide,

Inc

4

.600

04/15/48

268,506‌

1,764,000

Anheuser-Busch

InBev

Worldwide,

Inc

4

.439

10/06/48

1,506,504‌

2,025,000

Anheuser-Busch

InBev

Worldwide,

Inc

5

.550

01/23/49

2,001,911‌

3,441,000

Anheuser-Busch

InBev

Worldwide,

Inc

4

.500

06/01/50

3,009,630‌

1,725,000

Anheuser-Busch

InBev

Worldwide,

Inc

4

.750

04/15/58

1,514,194‌

2,150,000

Anheuser-Busch

InBev

Worldwide,

Inc

5

.800

01/23/59

2,199,160‌

1,075,000

Archer-Daniels-Midland

Co

2

.500

08/11/26

996,837‌

1,500,000

Archer-Daniels-Midland

Co

3

.250

03/27/30

1,352,840‌

500,000

Archer-Daniels-Midland

Co

2

.900

03/01/32

429,571‌

800,000

Archer-Daniels-Midland

Co

4

.500

03/15/49

728,421‌

1,000,000

Archer-Daniels-Midland

Co

2

.700

09/15/51

662,044‌

3,950,000

BAT

Capital

Corp

3

.222

08/15/24

3,803,403‌

500,000

BAT

Capital

Corp

2

.789

09/06/24

478,443‌

3,525,000

BAT

Capital

Corp

3

.557

08/15/27

3,220,306‌

400,000

BAT

Capital

Corp

2

.259

03/25/28

331,969‌

275,000

BAT

Capital

Corp

4

.906

04/02/30

251,784‌

650,000

BAT

Capital

Corp

2

.726

03/25/31

507,141‌

500,000

BAT

Capital

Corp

4

.742

03/16/32

443,662‌

1,400,000

BAT

Capital

Corp

4

.390

08/15/37

1,088,502‌

475,000

BAT

Capital

Corp

3

.734

09/25/40

322,536‌

1,625,000

BAT

Capital

Corp

4

.540

08/15/47

1,148,183‌

900,000

BAT

Capital

Corp

4

.758

09/06/49

651,839‌

500,000

BAT

Capital

Corp

5

.282

04/02/50

393,832‌

1,000,000

BAT

Capital

Corp

3

.984

09/25/50

654,357‌

1,000,000

BAT

Capital

Corp

5

.650

03/16/52

824,309‌

5,000,000

BAT

International

Finance

plc

1

.668

03/25/26

4,430,272‌

500,000

BAT

International

Finance

plc

4

.448

03/16/28

463,081‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

40

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOOD,

BEVERAGE

&

TOBACCO—continued

$

200,000

Brown-Forman

Corp

3

.500

%

04/15/25

$

195,378‌

200,000

Brown-Forman

Corp

4

.000

04/15/38

175,169‌

200,000

Brown-Forman

Corp

4

.500

07/15/45

182,789‌

500,000

Bunge

Ltd

1

.630

08/17/25

455,315‌

125,000

Bunge

Ltd

3

.250

08/15/26

116,440‌

500,000

Bunge

Ltd

3

.750

09/25/27

466,880‌

1,500,000

Bunge

Ltd

2

.750

05/14/31

1,231,083‌

500,000

Campbell

Soup

Co

3

.950

03/15/25

488,279‌

725,000

Campbell

Soup

Co

4

.150

03/15/28

692,357‌

500,000

e

Campbell

Soup

Co

2

.375

04/24/30

416,085‌

800,000

Campbell

Soup

Co

4

.800

03/15/48

705,600‌

500,000

Campbell

Soup

Co

3

.125

04/24/50

338,529‌

300,000

Coca-Cola

Bottling

Co

Consolidated

3

.800

11/25/25

291,246‌

1,000,000

Coca-Cola

Co

3

.375

03/25/27

959,031‌

1,000,000

Coca-Cola

Co

1

.450

06/01/27

882,775‌

1,000,000

Coca-Cola

Co

1

.500

03/05/28

861,030‌

2,000,000

Coca-Cola

Co

1

.000

03/15/28

1,671,894‌

600,000

Coca-Cola

Co

2

.125

09/06/29

513,026‌

300,000

Coca-Cola

Co

3

.450

03/25/30

278,983‌

800,000

Coca-Cola

Co

1

.650

06/01/30

654,508‌

1,500,000

Coca-Cola

Co

2

.000

03/05/31

1,236,984‌

2,000,000

Coca-Cola

Co

1

.375

03/15/31

1,559,767‌

2,000,000

Coca-Cola

Co

2

.250

01/05/32

1,677,555‌

725,000

Coca-Cola

Co

2

.500

06/01/40

528,290‌

1,000,000

Coca-Cola

Co

2

.875

05/05/41

762,553‌

1,500,000

Coca-Cola

Co

2

.600

06/01/50

993,553‌

1,500,000

Coca-Cola

Co

3

.000

03/05/51

1,090,687‌

1,000,000

Coca-Cola

Co

2

.750

06/01/60

667,580‌

678,000

Coca-Cola

Femsa

SAB

de

C.V.

2

.750

01/22/30

583,928‌

475,000

ConAgra

Brands,

Inc

0

.500

08/11/23

461,510‌

1,000,000

ConAgra

Brands,

Inc

4

.300

05/01/24

986,230‌

450,000

ConAgra

Brands,

Inc

4

.600

11/01/25

443,394‌

500,000

ConAgra

Brands,

Inc

1

.375

11/01/27

416,528‌

100,000

ConAgra

Brands,

Inc

7

.000

10/01/28

106,614‌

1,575,000

ConAgra

Brands,

Inc

4

.850

11/01/28

1,535,833‌

750,000

ConAgra

Brands,

Inc

5

.300

11/01/38

706,247‌

750,000

ConAgra

Brands,

Inc

5

.400

11/01/48

693,019‌

100,000

Constellation

Brands,

Inc

4

.400

11/15/25

98,279‌

750,000

Constellation

Brands,

Inc

3

.700

12/06/26

713,166‌

300,000

Constellation

Brands,

Inc

3

.500

05/09/27

280,872‌

1,000,000

Constellation

Brands,

Inc

4

.350

05/09/27

973,783‌

700,000

Constellation

Brands,

Inc

3

.600

02/15/28

648,700‌

300,000

Constellation

Brands,

Inc

4

.650

11/15/28

290,124‌

1,000,000

Constellation

Brands,

Inc

3

.150

08/01/29

876,356‌

100,000

Constellation

Brands,

Inc

2

.875

05/01/30

85,126‌

425,000

Constellation

Brands,

Inc

2

.250

08/01/31

337,618‌

1,000,000

Constellation

Brands,

Inc

4

.750

05/09/32

962,215‌

300,000

Constellation

Brands,

Inc

4

.100

02/15/48

238,935‌

300,000

Constellation

Brands,

Inc

5

.250

11/15/48

281,047‌

1,250,000

Constellation

Brands,

Inc

3

.750

05/01/50

935,455‌

750,000

Diageo

Capital

plc

2

.125

10/24/24

711,432‌

500,000

Diageo

Capital

plc

1

.375

09/29/25

458,452‌

750,000

Diageo

Capital

plc

5

.300

10/24/27

767,125‌

425,000

Diageo

Capital

plc

3

.875

05/18/28

404,901‌

1,033,000

Diageo

Capital

plc

2

.000

04/29/30

848,489‌

1,900,000

Diageo

Capital

plc

2

.125

04/29/32

1,513,159‌

425,000

Diageo

Capital

plc

5

.500

01/24/33

444,660‌

200,000

Diageo

Capital

plc

5

.875

09/30/36

208,988‌

400,000

Diageo

Capital

plc

3

.875

04/29/43

328,160‌

100,000

Flowers

Foods,

Inc

3

.500

10/01/26

93,604‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

41

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOOD,

BEVERAGE

&

TOBACCO—continued

$

400,000

e

Flowers

Foods,

Inc

2

.400

%

03/15/31

$

321,968‌

200,000

Fomento

Economico

Mexicano

SAB

de

C.V.

2

.875

05/10/23

197,894‌

300,000

Fomento

Economico

Mexicano

SAB

de

C.V.

4

.375

05/10/43

247,437‌

2,500,000

Fomento

Economico

Mexicano

SAB

de

C.V.

3

.500

01/16/50

1,753,275‌

500,000

General

Mills,

Inc

3

.650

02/15/24

491,212‌

150,000

General

Mills,

Inc

4

.000

04/17/25

146,492‌

800,000

General

Mills,

Inc

3

.200

02/10/27

755,852‌

2,300,000

General

Mills,

Inc

4

.200

04/17/28

2,222,561‌

100,000

General

Mills,

Inc

2

.875

04/15/30

86,393‌

1,000,000

General

Mills,

Inc

2

.250

10/14/31

804,195‌

951,000

General

Mills,

Inc

3

.000

02/01/51

650,262‌

300,000

Hershey

Co

2

.050

11/15/24

285,215‌

500,000

Hershey

Co

0

.900

06/01/25

456,346‌

300,000

Hershey

Co

2

.450

11/15/29

257,664‌

500,000

Hershey

Co

1

.700

06/01/30

400,370‌

300,000

Hershey

Co

3

.375

08/15/46

224,641‌

300,000

Hershey

Co

3

.125

11/15/49

212,415‌

100,000

Hershey

Co

2

.650

06/01/50

64,888‌

1,500,000

Hormel

Foods

Corp

1

.700

06/03/28

1,294,995‌

1,500,000

Hormel

Foods

Corp

1

.800

06/11/30

1,220,472‌

300,000

Ingredion,

Inc

3

.200

10/01/26

280,683‌

750,000

Ingredion,

Inc

3

.900

06/01/50

547,013‌

425,000

J

M

Smucker

Co

2

.125

03/15/32

329,270‌

550,000

J

M

Smucker

Co

2

.750

09/15/41

365,847‌

3,000,000

g

JBS

USA

LUX

S.A.

5

.125

02/01/28

2,842,118‌

3,000,000

g

JBS

USA

LUX

S.A.

5

.750

04/01/33

2,861,340‌

2,000,000

g

JBS

USA

LUX

S.A.

6

.500

12/01/52

1,903,623‌

1,475,000

JM

Smucker

Co

3

.500

03/15/25

1,427,004‌

200,000

JM

Smucker

Co

3

.375

12/15/27

184,896‌

150,000

JM

Smucker

Co

2

.375

03/15/30

124,256‌

300,000

JM

Smucker

Co

4

.250

03/15/35

268,134‌

300,000

JM

Smucker

Co

4

.375

03/15/45

244,816‌

400,000

JM

Smucker

Co

3

.550

03/15/50

273,702‌

1,800,000

Kellogg

Co

3

.250

04/01/26

1,711,234‌

200,000

Kellogg

Co

3

.400

11/15/27

185,987‌

800,000

Kellogg

Co

4

.300

05/15/28

776,227‌

275,000

Kellogg

Co

2

.100

06/01/30

223,581‌

150,000

Kellogg

Co

4

.500

04/01/46

127,805‌

66,000

Keurig

Dr

Pepper,

Inc

4

.417

05/25/25

65,252‌

200,000

Keurig

Dr

Pepper,

Inc

3

.400

11/15/25

191,764‌

200,000

Keurig

Dr

Pepper,

Inc

2

.550

09/15/26

182,978‌

2,000,000

Keurig

Dr

Pepper,

Inc

3

.950

04/15/29

1,860,367‌

750,000

Keurig

Dr

Pepper,

Inc

3

.200

05/01/30

653,584‌

1,500,000

Keurig

Dr

Pepper,

Inc

2

.250

03/15/31

1,204,572‌

2,000,000

Keurig

Dr

Pepper,

Inc

4

.050

04/15/32

1,819,301‌

500,000

Keurig

Dr

Pepper,

Inc

4

.420

12/15/46

410,651‌

1,500,000

Keurig

Dr

Pepper,

Inc

3

.350

03/15/51

1,029,742‌

500,000

Keurig

Dr

Pepper,

Inc

4

.500

04/15/52

416,616‌

1,500,000

Kraft

Heinz

Foods

Co

3

.000

06/01/26

1,403,729‌

6,000,000

Kraft

Heinz

Foods

Co

3

.875

05/15/27

5,732,381‌

1,000,000

Kraft

Heinz

Foods

Co

5

.200

07/15/45

922,611‌

4,000,000

Kraft

Heinz

Foods

Co

4

.875

10/01/49

3,472,172‌

250,000

McCormick

&

Co,

Inc

3

.150

08/15/24

242,025‌

625,000

McCormick

&

Co,

Inc

0

.900

02/15/26

547,454‌

250,000

McCormick

&

Co,

Inc

3

.400

08/15/27

232,868‌

500,000

e

McCormick

&

Co,

Inc

2

.500

04/15/30

416,992‌

325,000

McCormick

&

Co,

Inc

1

.850

02/15/31

251,244‌

400,000

McCormick

&

Co,

Inc

4

.200

08/15/47

324,254‌

925,000

Mead

Johnson

Nutrition

Co

4

.125

11/15/25

905,805‌

350,000

Mead

Johnson

Nutrition

Co

4

.600

06/01/44

312,593‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

42

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOOD,

BEVERAGE

&

TOBACCO—continued

$

1,025,000

Molson

Coors

Brewing

Co

3

.000

%

07/15/26

$

951,253‌

525,000

Molson

Coors

Brewing

Co

5

.000

05/01/42

465,663‌

1,550,000

Molson

Coors

Brewing

Co

4

.200

07/15/46

1,201,819‌

1,000,000

Mondelez

International,

Inc

1

.500

05/04/25

925,374‌

1,500,000

Mondelez

International,

Inc

2

.625

03/17/27

1,359,844‌

356,000

Mondelez

International,

Inc

2

.750

04/13/30

306,855‌

400,000

Mondelez

International,

Inc

1

.500

02/04/31

307,549‌

725,000

Mondelez

International,

Inc

1

.875

10/15/32

550,054‌

1,200,000

Mondelez

International,

Inc

2

.625

09/04/50

745,534‌

1,425,000

PepsiCo,

Inc

3

.600

03/01/24

1,407,466‌

525,000

PepsiCo,

Inc

2

.750

04/30/25

502,000‌

425,000

PepsiCo,

Inc

3

.500

07/17/25

413,747‌

275,000

PepsiCo,

Inc

2

.850

02/24/26

261,175‌

1,300,000

PepsiCo,

Inc

2

.375

10/06/26

1,209,450‌

150,000

PepsiCo,

Inc

2

.625

03/19/27

139,320‌

2,000,000

PepsiCo,

Inc

3

.600

02/18/28

1,914,848‌

500,000

PepsiCo,

Inc

2

.750

03/19/30

442,722‌

2,275,000

PepsiCo,

Inc

1

.625

05/01/30

1,850,427‌

2,000,000

PepsiCo,

Inc

1

.400

02/25/31

1,575,409‌

2,000,000

PepsiCo,

Inc

1

.950

10/21/31

1,616,129‌

1,100,000

PepsiCo,

Inc

3

.900

07/18/32

1,037,179‌

575,000

PepsiCo,

Inc

2

.625

10/21/41

425,470‌

750,000

PepsiCo,

Inc

2

.875

10/15/49

535,830‌

1,000,000

PepsiCo,

Inc

2

.750

10/21/51

691,533‌

1,000,000

PepsiCo,

Inc

4

.200

07/18/52

910,381‌

300,000

Philip

Morris

International,

Inc

3

.600

11/15/23

296,617‌

600,000

Philip

Morris

International,

Inc

3

.250

11/10/24

580,399‌

500,000

Philip

Morris

International,

Inc

1

.500

05/01/25

462,849‌

500,000

Philip

Morris

International,

Inc

3

.375

08/11/25

480,185‌

700,000

Philip

Morris

International,

Inc

2

.750

02/25/26

655,681‌

1,000,000

Philip

Morris

International,

Inc

0

.875

05/01/26

878,515‌

1,500,000

Philip

Morris

International,

Inc

5

.125

11/17/27

1,510,955‌

1,500,000

e

Philip

Morris

International,

Inc

3

.125

03/02/28

1,361,648‌

1,450,000

Philip

Morris

International,

Inc

3

.375

08/15/29

1,305,647‌

1,500,000

Philip

Morris

International,

Inc

5

.625

11/17/29

1,521,718‌

450,000

Philip

Morris

International,

Inc

2

.100

05/01/30

363,919‌

1,000,000

Philip

Morris

International,

Inc

1

.750

11/01/30

783,085‌

1,500,000

Philip

Morris

International,

Inc

5

.750

11/17/32

1,529,139‌

400,000

Philip

Morris

International,

Inc

6

.375

05/16/38

425,789‌

225,000

Philip

Morris

International,

Inc

4

.375

11/15/41

185,425‌

200,000

Philip

Morris

International,

Inc

4

.500

03/20/42

168,691‌

275,000

Philip

Morris

International,

Inc

3

.875

08/21/42

208,777‌

300,000

Philip

Morris

International,

Inc

4

.125

03/04/43

237,040‌

200,000

Philip

Morris

International,

Inc

4

.875

11/15/43

174,842‌

2,000,000

Philip

Morris

International,

Inc

4

.250

11/10/44

1,605,686‌

550,000

Reynolds

American,

Inc

4

.450

06/12/25

538,041‌

750,000

Reynolds

American,

Inc

5

.700

08/15/35

676,997‌

65,000

Reynolds

American,

Inc

7

.250

06/15/37

66,461‌

200,000

Reynolds

American,

Inc

6

.150

09/15/43

178,386‌

1,775,000

Reynolds

American,

Inc

5

.850

08/15/45

1,511,939‌

100,000

Tyson

Foods,

Inc

3

.900

09/28/23

99,093‌

750,000

Tyson

Foods,

Inc

3

.950

08/15/24

737,916‌

500,000

Tyson

Foods,

Inc

4

.000

03/01/26

484,464‌

1,150,000

Tyson

Foods,

Inc

3

.550

06/02/27

1,077,898‌

500,000

Tyson

Foods,

Inc

4

.350

03/01/29

476,737‌

500,000

Tyson

Foods,

Inc

5

.150

08/15/44

462,738‌

300,000

Tyson

Foods,

Inc

4

.550

06/02/47

256,704‌

1,700,000

Tyson

Foods,

Inc

5

.100

09/28/48

1,568,363‌

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

186,546,341‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

43

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

1

.3

%

$

275,000

Abbott

Laboratories

2

.950

%

03/15/25

$

265,553‌

1,708,000

Abbott

Laboratories

3

.750

11/30/26

1,662,785‌

625,000

Abbott

Laboratories

1

.150

01/30/28

531,190‌

200,000

Abbott

Laboratories

1

.400

06/30/30

158,872‌

2,750,000

Abbott

Laboratories

4

.750

11/30/36

2,722,054‌

3,450,000

Abbott

Laboratories

4

.900

11/30/46

3,363,527‌

500,000

Adventist

Health

System

2

.952

03/01/29

428,052‌

1,000,000

Adventist

Health

System

5

.430

03/01/32

984,961‌

500,000

Adventist

Health

System

3

.630

03/01/49

354,093‌

200,000

Advocate

Health

&

Hospitals

Corp

3

.829

08/15/28

186,475‌

750,000

Advocate

Health

&

Hospitals

Corp

2

.211

06/15/30

615,177‌

100,000

Advocate

Health

&

Hospitals

Corp

4

.272

08/15/48

84,897‌

600,000

Advocate

Health

&

Hospitals

Corp

3

.387

10/15/49

431,100‌

500,000

Advocate

Health

&

Hospitals

Corp

3

.008

06/15/50

334,140‌

1,500,000

AHS

Hospital

Corp

2

.780

07/01/51

936,504‌

200,000

Allina

Health

System

3

.887

04/15/49

159,362‌

520,000

Allina

Health

System

2

.902

11/15/51

330,814‌

400,000

AmerisourceBergen

Corp

3

.400

05/15/24

390,162‌

700,000

AmerisourceBergen

Corp

3

.250

03/01/25

674,298‌

200,000

AmerisourceBergen

Corp

3

.450

12/15/27

186,862‌

1,000,000

AmerisourceBergen

Corp

2

.800

05/15/30

848,188‌

1,000,000

AmerisourceBergen

Corp

2

.700

03/15/31

830,041‌

700,000

AmerisourceBergen

Corp

4

.300

12/15/47

580,785‌

1,625,000

Anthem,

Inc

3

.350

12/01/24

1,575,073‌

1,500,000

Anthem,

Inc

2

.375

01/15/25

1,423,893‌

1,000,000

Anthem,

Inc

1

.500

03/15/26

898,782‌

850,000

Anthem,

Inc

3

.650

12/01/27

801,472‌

1,225,000

Anthem,

Inc

4

.101

03/01/28

1,173,946‌

500,000

Anthem,

Inc

2

.875

09/15/29

439,289‌

1,500,000

Anthem,

Inc

2

.250

05/15/30

1,240,867‌

1,000,000

Anthem,

Inc

2

.550

03/15/31

840,127‌

1,150,000

Anthem,

Inc

4

.625

05/15/42

1,045,699‌

125,000

Anthem,

Inc

4

.650

01/15/43

113,282‌

500,000

Anthem,

Inc

5

.100

01/15/44

471,214‌

425,000

Anthem,

Inc

4

.650

08/15/44

379,458‌

625,000

Anthem,

Inc

4

.375

12/01/47

533,930‌

1,800,000

Anthem,

Inc

4

.550

03/01/48

1,571,215‌

500,000

Anthem,

Inc

3

.700

09/15/49

379,583‌

650,000

Anthem,

Inc

3

.125

05/15/50

445,530‌

425,000

Anthem,

Inc

3

.600

03/15/51

317,684‌

1,000,000

Ascension

Health

2

.532

11/15/29

857,108‌

1,000,000

Ascension

Health

3

.106

11/15/39

768,182‌

875,000

Ascension

Health

3

.945

11/15/46

723,015‌

200,000

Ascension

Health

4

.847

11/15/53

189,527‌

500,000

Banner

Health

2

.338

01/01/30

420,410‌

750,000

Banner

Health

1

.897

01/01/31

592,238‌

750,000

Banner

Health

2

.913

01/01/51

493,869‌

1,000,000

Baptist

Health

South

Florida

Obligated

Group

3

.115

11/15/71

568,890‌

1,000,000

Baptist

Healthcare

System

Obligated

Group

3

.540

08/15/50

717,756‌

475,000

Baxter

International,

Inc

2

.600

08/15/26

438,699‌

2,000,000

Baxter

International,

Inc

1

.915

02/01/27

1,773,174‌

1,350,000

Baxter

International,

Inc

2

.272

12/01/28

1,151,260‌

2,000,000

Baxter

International,

Inc

1

.730

04/01/31

1,523,672‌

1,150,000

Baxter

International,

Inc

2

.539

02/01/32

913,552‌

300,000

Baxter

International,

Inc

3

.500

08/15/46

212,886‌

1,000,000

e

Baxter

International,

Inc

3

.132

12/01/51

645,377‌

1,500,000

Baylor

Scott

&

White

Holdings

1

.777

11/15/30

1,158,516‌

290,000

Baylor

Scott

&

White

Holdings

4

.185

11/15/45

242,969‌

200,000

Baylor

Scott

&

White

Holdings

3

.967

11/15/46

160,990‌

1,000,000

Baylor

Scott

&

White

Holdings

2

.839

11/15/50

651,736‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

44

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

HEALTH

CARE

EQUIPMENT

&

SERVICES—continued

$

635,000

Becton

Dickinson

&

Co

3

.363

%

06/06/24

$

620,520‌

165,000

Becton

Dickinson

&

Co

3

.734

12/15/24

160,899‌

1,277,000

Becton

Dickinson

&

Co

3

.700

06/06/27

1,206,543‌

675,000

Becton

Dickinson

&

Co

2

.823

05/20/30

579,325‌

343,000

Becton

Dickinson

&

Co

4

.685

12/15/44

306,565‌

1,000,000

Becton

Dickinson

&

Co

4

.669

06/06/47

879,961‌

447,000

Becton

Dickinson

&

Co

3

.794

05/20/50

343,022‌

1,500,000

Becton

Dickinson

and

Co

1

.957

02/11/31

1,186,195‌

1,000,000

Becton

Dickinson

and

Co

4

.298

08/22/32

936,022‌

235,000

Beth

Israel

Lahey

Health,

Inc

3

.080

07/01/51

144,853‌

200,000

Bio-Rad

Laboratories,

Inc

3

.300

03/15/27

184,833‌

525,000

Bio-Rad

Laboratories,

Inc

3

.700

03/15/32

449,674‌

500,000

Bon

Secours

Mercy

Health,

Inc

3

.464

06/01/30

446,870‌

500,000

Bon

Secours

Mercy

Health,

Inc

2

.095

06/01/31

390,025‌

500,000

Bon

Secours

Mercy

Health,

Inc

3

.205

06/01/50

333,181‌

219,000

Boston

Scientific

Corp

3

.450

03/01/24

214,913‌

2,500,000

Boston

Scientific

Corp

2

.650

06/01/30

2,135,472‌

343,000

Boston

Scientific

Corp

4

.550

03/01/39

307,662‌

256,000

Boston

Scientific

Corp

4

.700

03/01/49

229,018‌

200,000

Cardinal

Health,

Inc

3

.200

03/15/23

199,437‌

650,000

Cardinal

Health,

Inc

3

.079

06/15/24

631,592‌

100,000

Cardinal

Health,

Inc

3

.500

11/15/24

97,063‌

200,000

Cardinal

Health,

Inc

3

.750

09/15/25

193,514‌

1,475,000

Cardinal

Health,

Inc

3

.410

06/15/27

1,378,890‌

100,000

Cardinal

Health,

Inc

4

.600

03/15/43

82,145‌

200,000

Cardinal

Health,

Inc

4

.500

11/15/44

159,358‌

200,000

Cardinal

Health,

Inc

4

.900

09/15/45

168,837‌

500,000

Cardinal

Health,

Inc

4

.368

06/15/47

391,626‌

2,000,000

Centene

Corp

2

.450

07/15/28

1,688,100‌

2,000,000

Centene

Corp

3

.000

10/15/30

1,639,499‌

2,000,000

Centene

Corp

2

.500

03/01/31

1,564,946‌

1,000,000

Children's

Health

System

of

Texas

2

.511

08/15/50

597,174‌

100,000

Children's

Hospital

Corp

4

.115

01/01/47

84,771‌

1,000,000

Children's

Hospital

Corp

2

.585

02/01/50

608,684‌

1,000,000

Children's

Hospital

of

Philadelphia

2

.704

07/01/50

638,154‌

200,000

CHRISTUS

Health

4

.341

07/01/28

190,022‌

300,000

Cigna

Corp

3

.500

06/15/24

293,347‌

900,000

Cigna

Corp

3

.250

04/15/25

866,686‌

2,000,000

Cigna

Corp

4

.125

11/15/25

1,954,066‌

150,000

Cigna

Corp

4

.500

02/25/26

147,697‌

1,000,000

Cigna

Corp

1

.250

03/15/26

890,938‌

4,475,000

Cigna

Corp

3

.400

03/01/27

4,197,471‌

300,000

Cigna

Corp

3

.050

10/15/27

274,487‌

2,000,000

Cigna

Corp

4

.375

10/15/28

1,928,868‌

250,000

Cigna

Corp

2

.400

03/15/30

209,432‌

550,000

Cigna

Corp

2

.375

03/15/31

450,111‌

1,700,000

Cigna

Corp

4

.800

08/15/38

1,577,656‌

225,000

Cigna

Corp

3

.200

03/15/40

169,752‌

93,000

Cigna

Corp

6

.125

11/15/41

95,870‌

975,000

Cigna

Corp

4

.800

07/15/46

869,821‌

1,150,000

Cigna

Corp

3

.875

10/15/47

891,537‌

2,450,000

Cigna

Corp

4

.900

12/15/48

2,207,479‌

750,000

Cigna

Corp

3

.400

03/15/50

531,548‌

1,100,000

Cigna

Corp

3

.400

03/15/51

781,832‌

600,000

City

of

Hope

4

.378

08/15/48

488,491‌

750,000

Community

Health

Network,

Inc

3

.099

05/01/50

471,042‌

485,000

Cottage

Health

Obligated

Group

3

.304

11/01/49

340,200‌

900,000

CVS

Health

Corp

3

.375

08/12/24

877,300‌

250,000

CVS

Health

Corp

2

.625

08/15/24

240,152‌

1,969,000

CVS

Health

Corp

3

.875

07/20/25

1,921,403‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

45

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

HEALTH

CARE

EQUIPMENT

&

SERVICES—continued

$

2,550,000

CVS

Health

Corp

2

.875

%

06/01/26

$

2,380,368‌

1,250,000

CVS

Health

Corp

3

.000

08/15/26

1,167,564‌

9,500,000

CVS

Health

Corp

1

.300

08/21/27

8,043,031‌

275,000

CVS

Health

Corp

3

.250

08/15/29

246,017‌

1,825,000

CVS

Health

Corp

1

.750

08/21/30

1,438,266‌

1,525,000

CVS

Health

Corp

1

.875

02/28/31

1,196,215‌

1,000,000

CVS

Health

Corp

2

.125

09/15/31

792,871‌

4,100,000

CVS

Health

Corp

4

.780

03/25/38

3,734,830‌

850,000

CVS

Health

Corp

2

.700

08/21/40

587,239‌

400,000

CVS

Health

Corp

5

.300

12/05/43

373,465‌

1,800,000

CVS

Health

Corp

5

.125

07/20/45

1,640,529‌

8,525,000

CVS

Health

Corp

5

.050

03/25/48

7,651,570‌

100,000

Dartmouth-Hitchcock

Health

4

.178

08/01/48

78,031‌

1,000,000

DENTSPLY

SIRONA,

Inc

3

.250

06/01/30

830,162‌

750,000

DH

Europe

Finance

II

Sarl

2

.200

11/15/24

714,607‌

300,000

DH

Europe

Finance

II

Sarl

2

.600

11/15/29

262,806‌

550,000

DH

Europe

Finance

II

Sarl

3

.250

11/15/39

438,444‌

1,000,000

DH

Europe

Finance

II

Sarl

3

.400

11/15/49

755,146‌

200,000

Dignity

Health

5

.267

11/01/64

172,255‌

400,000

Duke

University

Health

System,

Inc

3

.920

06/01/47

329,010‌

400,000

Edwards

Lifesciences

Corp

4

.300

06/15/28

382,401‌

225,000

Elevance

Health,

Inc

3

.500

08/15/24

219,469‌

50,000

Elevance

Health,

Inc

4

.100

05/15/32

46,508‌

500,000

Elevance

Health,

Inc

5

.500

10/15/32

511,862‌

600,000

Elevance

Health,

Inc

4

.550

05/15/52

521,201‌

750,000

Hackensack

Meridian

Health,

Inc

2

.675

09/01/41

521,530‌

200,000

Hackensack

Meridian

Health,

Inc

4

.211

07/01/48

167,407‌

750,000

Hackensack

Meridian

Health,

Inc

2

.875

09/01/50

484,804‌

200,000

Hackensack

Meridian

Health,

Inc

4

.500

07/01/57

169,844‌

685,000

Hartford

HealthCare

Corp

3

.447

07/01/54

478,326‌

2,500,000

HCA,

Inc

5

.000

03/15/24

2,485,637‌

2,000,000

HCA,

Inc

4

.500

02/15/27

1,927,554‌

2,000,000

g

HCA,

Inc

3

.125

03/15/27

1,818,357‌

2,500,000

HCA,

Inc

5

.625

09/01/28

2,485,831‌

1,000,000

g

HCA,

Inc

3

.375

03/15/29

878,529‌

1,500,000

HCA,

Inc

4

.125

06/15/29

1,369,337‌

2,000,000

HCA,

Inc

3

.500

09/01/30

1,724,952‌

2,000,000

HCA,

Inc

2

.375

07/15/31

1,556,857‌

2,000,000

g

HCA,

Inc

3

.625

03/15/32

1,692,307‌

225,000

HCA,

Inc

5

.125

06/15/39

201,326‌

125,000

g

HCA,

Inc

4

.375

03/15/42

99,526‌

875,000

HCA,

Inc

5

.500

06/15/47

777,106‌

2,500,000

HCA,

Inc

5

.250

06/15/49

2,129,277‌

1,000,000

HCA,

Inc

3

.500

07/15/51

641,567‌

1,700,000

g

HCA,

Inc

4

.625

03/15/52

1,323,103‌

1,000,000

Hoag

Memorial

Hospital

Presbyterian

3

.803

07/15/52

778,462‌

300,000

Humana,

Inc

3

.850

10/01/24

293,956‌

2,500,000

Humana,

Inc

1

.350

02/03/27

2,161,491‌

600,000

Humana,

Inc

3

.950

03/15/27

575,153‌

500,000

Humana,

Inc

3

.700

03/23/29

457,769‌

175,000

Humana,

Inc

3

.125

08/15/29

153,396‌

325,000

Humana,

Inc

2

.150

02/03/32

253,608‌

200,000

Humana,

Inc

4

.625

12/01/42

174,464‌

300,000

Humana,

Inc

4

.950

10/01/44

270,876‌

600,000

Humana,

Inc

4

.800

03/15/47

526,607‌

500,000

Humana,

Inc

3

.950

08/15/49

392,630‌

1,000,000

Illumina,

Inc

5

.750

12/13/27

1,012,455‌

200,000

Indiana

University

Health,

Inc

Obligated

Group

3

.970

11/01/48

162,449‌

1,500,000

Indiana

University

Health,

Inc

Obligated

Group

2

.852

11/01/51

964,454‌

1,000,000

Inova

Health

System

Foundation

4

.068

05/15/52

827,953‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

46

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

HEALTH

CARE

EQUIPMENT

&

SERVICES—continued

$

760,000

Integris

Baptist

Medical

Center,

Inc

3

.875

%

08/15/50

$

549,255‌

350,000

Johns

Hopkins

Health

System

Corp

3

.837

05/15/46

282,802‌

500,000

Kaiser

Foundation

Hospitals

3

.150

05/01/27

467,926‌

1,400,000

Kaiser

Foundation

Hospitals

2

.810

06/01/41

1,014,394‌

100,000

Kaiser

Foundation

Hospitals

4

.875

04/01/42

96,039‌

1,265,000

Kaiser

Foundation

Hospitals

4

.150

05/01/47

1,071,727‌

1,000,000

Kaiser

Foundation

Hospitals

3

.266

11/01/49

722,224‌

1,000,000

Kaiser

Foundation

Hospitals

3

.002

06/01/51

681,047‌

755,000

Koninklijke

Philips

NV

5

.000

03/15/42

658,040‌

700,000

Laboratory

Corp

of

America

Holdings

4

.000

11/01/23

694,754‌

200,000

Laboratory

Corp

of

America

Holdings

3

.250

09/01/24

193,796‌

500,000

Laboratory

Corp

of

America

Holdings

2

.300

12/01/24

472,839‌

100,000

Laboratory

Corp

of

America

Holdings

3

.600

02/01/25

96,842‌

1,000,000

Laboratory

Corp

of

America

Holdings

1

.550

06/01/26

885,669‌

300,000

Laboratory

Corp

of

America

Holdings

3

.600

09/01/27

283,958‌

500,000

Laboratory

Corp

of

America

Holdings

2

.950

12/01/29

430,680‌

1,000,000

Laboratory

Corp

of

America

Holdings

2

.700

06/01/31

832,563‌

800,000

Laboratory

Corp

of

America

Holdings

4

.700

02/01/45

685,471‌

200,000

Mayo

Clinic

4

.000

11/15/47

167,415‌

200,000

Mayo

Clinic

4

.128

11/15/52

165,409‌

2,500,000

Mayo

Clinic

3

.196

11/15/61

1,663,191‌

1,000,000

McKesson

Corp

0

.900

12/03/25

887,950‌

500,000

McKesson

Corp

1

.300

08/15/26

439,716‌

200,000

McLaren

Health

Care

Corp

4

.386

05/15/48

166,431‌

2,777,000

Medtronic,

Inc

4

.375

03/15/35

2,624,777‌

1,074,000

Medtronic,

Inc

4

.625

03/15/45

1,000,212‌

500,000

Memorial

Health

Services

3

.447

11/01/49

362,721‌

1,000,000

Memorial

Sloan-Kettering

Cancer

Center

2

.955

01/01/50

662,484‌

200,000

Memorial

Sloan-Kettering

Cancer

Center

4

.125

07/01/52

167,379‌

500,000

Memorial

Sloan-Kettering

Cancer

Center

4

.200

07/01/55

408,210‌

200,000

Mercy

Health

4

.302

07/01/28

189,762‌

1,000,000

Methodist

Hospital

2

.705

12/01/50

637,743‌

500,000

Montefiore

Obligated

Group

5

.246

11/01/48

374,056‌

750,000

Montefiore

Obligated

Group

4

.287

09/01/50

445,787‌

1,000,000

Mount

Nittany

Medical

Center

Obligated

Group

3

.799

11/15/52

755,762‌

100,000

Mount

Sinai

Hospitals

Group,

Inc

3

.981

07/01/48

77,335‌

600,000

Mount

Sinai

Hospitals

Group,

Inc

3

.737

07/01/49

442,673‌

895,000

Mount

Sinai

Hospitals

Group,

Inc

3

.391

07/01/50

603,100‌

1,000,000

MultiCare

Health

System

2

.803

08/15/50

590,521‌

1,000,000

Nationwide

Children's

Hospital,

Inc

4

.556

11/01/52

887,181‌

1,000,000

New

York

and

Presbyterian

Hospital

2

.256

08/01/40

658,778‌

300,000

New

York

and

Presbyterian

Hospital

4

.024

08/01/45

248,442‌

150,000

New

York

and

Presbyterian

Hospital

4

.063

08/01/56

118,007‌

1,000,000

New

York

and

Presbyterian

Hospital

2

.606

08/01/60

565,940‌

500,000

New

York

and

Presbyterian

Hospital

3

.954

08/01/19

345,300‌

140,000

Northwell

Healthcare,

Inc

3

.979

11/01/46

107,283‌

675,000

Northwell

Healthcare,

Inc

4

.260

11/01/47

536,119‌

500,000

Northwell

Healthcare,

Inc

3

.809

11/01/49

356,747‌

1,000,000

NY

Society

for

Relief

of

Ruptured

&

Crippled

Maintaining

Hosp

Special

Surgery

2

.667

10/01/50

614,412‌

350,000

NYU

Hospitals

Center

5

.750

07/01/43

351,845‌

250,000

NYU

Hospitals

Center

4

.368

07/01/47

207,646‌

915,000

NYU

Langone

Hospitals

3

.380

07/01/55

610,536‌

1,000,000

Ochsner

LSU

Health

System

of

North

Louisiana

2

.510

05/15/31

733,529‌

1,000,000

OhioHealth

Corp

2

.297

11/15/31

800,486‌

750,000

OhioHealth

Corp

3

.042

11/15/50

526,201‌

100,000

Orlando

Health

Obligated

Group

4

.089

10/01/48

78,691‌

1,000,000

Orlando

Health

Obligated

Group

3

.327

10/01/50

691,949‌

750,000

PeaceHealth

Obligated

Group

1

.375

11/15/25

672,186‌

200,000

PeaceHealth

Obligated

Group

4

.787

11/15/48

172,965‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

47

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

HEALTH

CARE

EQUIPMENT

&

SERVICES—continued

$

750,000

PeaceHealth

Obligated

Group

3

.218

%

11/15/50

$

486,850‌

500,000

Piedmont

Healthcare,

Inc

2

.044

01/01/32

385,000‌

500,000

Piedmont

Healthcare,

Inc

2

.719

01/01/42

341,387‌

1,000,000

Piedmont

Healthcare,

Inc

2

.864

01/01/52

623,654‌

200,000

Providence

St.

Joseph

Health

Obligated

Group

2

.746

10/01/26

187,402‌

570,000

Providence

St.

Joseph

Health

Obligated

Group

2

.532

10/01/29

482,356‌

100,000

Providence

St.

Joseph

Health

Obligated

Group

3

.744

10/01/47

76,106‌

350,000

Providence

St.

Joseph

Health

Obligated

Group

3

.930

10/01/48

272,114‌

1,000,000

Providence

St.

Joseph

Health

Obligated

Group

2

.700

10/01/51

591,321‌

785,000

Queen's

Health

Systems

4

.810

07/01/52

712,236‌

125,000

Quest

Diagnostics,

Inc

3

.500

03/30/25

120,439‌

225,000

Quest

Diagnostics,

Inc

3

.450

06/01/26

214,577‌

500,000

Quest

Diagnostics,

Inc

4

.200

06/30/29

477,258‌

750,000

Quest

Diagnostics,

Inc

2

.950

06/30/30

647,791‌

500,000

Quest

Diagnostics,

Inc

2

.800

06/30/31

418,642‌

300,000

Quest

Diagnostics,

Inc

4

.700

03/30/45

252,926‌

1,500,000

Rady

Children's

Hospital-San

Diego

3

.154

08/15/51

1,018,907‌

390,000

Rush

Obligated

Group

3

.922

11/15/29

358,357‌

200,000

RWJ

Barnabas

Health,

Inc

3

.949

07/01/46

163,383‌

1,000,000

Sharp

HealthCare

2

.680

08/01/50

610,968‌

1,000,000

Smith

&

Nephew

plc

2

.032

10/14/30

781,631‌

500,000

Spectrum

Health

System

Obligated

Group

3

.487

07/15/49

369,736‌

300,000

SSM

Health

Care

Corp

3

.688

06/01/23

298,082‌

400,000

SSM

Health

Care

Corp

3

.823

06/01/27

378,454‌

1,620,000

Stanford

Health

Care

3

.027

08/15/51

1,064,841‌

475,000

Stryker

Corp

1

.150

06/15/25

434,586‌

200,000

Stryker

Corp

3

.375

11/01/25

193,243‌

1,600,000

Stryker

Corp

3

.500

03/15/26

1,535,671‌

500,000

Stryker

Corp

3

.650

03/07/28

474,982‌

600,000

Stryker

Corp

1

.950

06/15/30

488,505‌

200,000

Stryker

Corp

4

.100

04/01/43

163,934‌

200,000

Stryker

Corp

4

.375

05/15/44

170,504‌

550,000

Stryker

Corp

4

.625

03/15/46

484,269‌

575,000

Stryker

Corp

2

.900

06/15/50

383,675‌

1,500,000

Summa

Health

3

.511

11/15/51

1,011,229‌

200,000

Sutter

Health

3

.695

08/15/28

184,032‌

1,000,000

Sutter

Health

2

.294

08/15/30

808,729‌

500,000

Sutter

Health

3

.161

08/15/40

373,639‌

200,000

Sutter

Health

4

.091

08/15/48

161,708‌

500,000

Sutter

Health

3

.361

08/15/50

338,883‌

1,000,000

Texas

Health

Resources

2

.328

11/15/50

571,094‌

100,000

Texas

Health

Resources

4

.330

11/15/55

85,080‌

500,000

Thermo

Fisher

Scientific,

Inc

4

.800

11/21/27

501,623‌

500,000

Thermo

Fisher

Scientific,

Inc

4

.950

11/21/32

507,050‌

450,000

Toledo

Hospital

5

.750

11/15/38

423,178‌

2,000,000

Trinity

Health

Corp

2

.632

12/01/40

1,387,602‌

300,000

Trinity

Health

Corp

4

.125

12/01/45

249,662‌

185,000

Trinity

Health

Corp

3

.434

12/01/48

140,154‌

1,000,000

UMass

Memorial

Health

Care

Obligated

Group

5

.363

07/01/52

920,500‌

500,000

UnitedHealth

Group,

Inc

3

.700

12/15/25

487,097‌

1,000,000

UnitedHealth

Group,

Inc

1

.250

01/15/26

906,236‌

3,000,000

UnitedHealth

Group,

Inc

1

.150

05/15/26

2,679,229‌

200,000

UnitedHealth

Group,

Inc

3

.450

01/15/27

190,302‌

1,500,000

e

UnitedHealth

Group,

Inc

3

.700

05/15/27

1,450,966‌

1,700,000

UnitedHealth

Group,

Inc

2

.950

10/15/27

1,573,802‌

2,375,000

UnitedHealth

Group,

Inc

3

.850

06/15/28

2,274,418‌

500,000

UnitedHealth

Group,

Inc

3

.875

12/15/28

476,862‌

1,500,000

UnitedHealth

Group,

Inc

4

.000

05/15/29

1,432,497‌

1,000,000

UnitedHealth

Group,

Inc

2

.875

08/15/29

891,041‌

2,200,000

UnitedHealth

Group,

Inc

2

.000

05/15/30

1,815,172‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

48

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

HEALTH

CARE

EQUIPMENT

&

SERVICES—continued

$

1,750,000

UnitedHealth

Group,

Inc

2

.300

%

05/15/31

$

1,458,377‌

800,000

UnitedHealth

Group,

Inc

4

.200

05/15/32

759,412‌

150,000

UnitedHealth

Group,

Inc

5

.800

03/15/36

158,217‌

365,000

UnitedHealth

Group,

Inc

6

.625

11/15/37

412,580‌

200,000

UnitedHealth

Group,

Inc

6

.875

02/15/38

234,587‌

275,000

UnitedHealth

Group,

Inc

3

.500

08/15/39

224,753‌

1,000,000

UnitedHealth

Group,

Inc

2

.750

05/15/40

725,486‌

3,000,000

UnitedHealth

Group,

Inc

3

.050

05/15/41

2,254,283‌

300,000

UnitedHealth

Group,

Inc

4

.375

03/15/42

268,050‌

350,000

UnitedHealth

Group,

Inc

3

.950

10/15/42

295,231‌

375,000

UnitedHealth

Group,

Inc

4

.250

03/15/43

332,528‌

800,000

UnitedHealth

Group,

Inc

4

.200

01/15/47

684,070‌

300,000

UnitedHealth

Group,

Inc

4

.250

04/15/47

257,875‌

500,000

UnitedHealth

Group,

Inc

3

.750

10/15/47

397,574‌

1,700,000

UnitedHealth

Group,

Inc

4

.250

06/15/48

1,468,388‌

1,000,000

UnitedHealth

Group,

Inc

3

.700

08/15/49

791,322‌

4,000,000

UnitedHealth

Group,

Inc

2

.900

05/15/50

2,706,098‌

3,000,000

UnitedHealth

Group,

Inc

3

.250

05/15/51

2,146,612‌

450,000

UnitedHealth

Group,

Inc

4

.750

05/15/52

415,344‌

1,250,000

UnitedHealth

Group,

Inc

3

.875

08/15/59

977,879‌

1,000,000

UnitedHealth

Group,

Inc

3

.125

05/15/60

677,834‌

500,000

UnitedHealth

Group,

Inc

4

.950

05/15/62

467,941‌

1,000,000

h

Universal

Health

Services,

Inc

1

.650

09/01/26

856,960‌

1,000,000

h

Universal

Health

Services,

Inc

2

.650

01/15/32

763,670‌

370,000

WakeMed

3

.286

10/01/52

243,839‌

200,000

West

Virginia

United

Health

System

Obligated

Group

3

.129

06/01/50

128,174‌

500,000

Willis-Knighton

Medical

Center

3

.065

03/01/51

314,280‌

600,000

Zimmer

Biomet

Holdings,

Inc

1

.450

11/22/24

557,807‌

225,000

Zimmer

Biomet

Holdings,

Inc

3

.050

01/15/26

212,147‌

1,500,000

Zimmer

Biomet

Holdings,

Inc

2

.600

11/24/31

1,215,185‌

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

247,563,058‌

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0

.1

%

500,000

Church

&

Dwight

Co,

Inc

3

.150

08/01/27

466,509‌

250,000

Church

&

Dwight

Co,

Inc

2

.300

12/15/31

200,281‌

100,000

Church

&

Dwight

Co,

Inc

3

.950

08/01/47

77,978‌

725,000

Church

&

Dwight

Co,

Inc

5

.000

06/15/52

677,998‌

300,000

Clorox

Co

3

.100

10/01/27

276,902‌

500,000

Clorox

Co

3

.900

05/15/28

476,516‌

750,000

Clorox

Co

4

.400

05/01/29

722,418‌

1,000,000

Clorox

Co

1

.800

05/15/30

796,169‌

375,000

Clorox

Co

4

.600

05/01/32

360,738‌

300,000

Colgate-Palmolive

Co

3

.250

03/15/24

294,994‌

1,000,000

Colgate-Palmolive

Co

3

.100

08/15/27

945,551‌

60,000

Colgate-Palmolive

Co

6

.450

06/16/28

64,135‌

225,000

Colgate-Palmolive

Co

3

.250

08/15/32

203,049‌

300,000

Colgate-Palmolive

Co

4

.000

08/15/45

266,629‌

550,000

e

Colgate-Palmolive

Co

3

.700

08/01/47

468,239‌

1,000,000

Ecolab,

Inc

5

.250

01/15/28

1,018,857‌

125,000

Estee

Lauder

Cos,

Inc

2

.000

12/01/24

118,610‌

450,000

Estee

Lauder

Cos,

Inc

3

.150

03/15/27

424,330‌

200,000

Estee

Lauder

Cos,

Inc

2

.375

12/01/29

171,504‌

100,000

Estee

Lauder

Cos,

Inc

2

.600

04/15/30

85,939‌

1,500,000

Estee

Lauder

Cos,

Inc

1

.950

03/15/31

1,213,113‌

100,000

Estee

Lauder

Cos,

Inc

6

.000

05/15/37

106,698‌

300,000

Estee

Lauder

Cos,

Inc

4

.375

06/15/45

267,083‌

375,000

Estee

Lauder

Cos,

Inc

4

.150

03/15/47

320,042‌

700,000

e

Estee

Lauder

Cos,

Inc

3

.125

12/01/49

498,107‌

950,000

Kimberly-Clark

Corp

3

.050

08/15/25

912,968‌

200,000

Kimberly-Clark

Corp

1

.050

09/15/27

170,544‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

49

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

HOUSEHOLD

&

PERSONAL

PRODUCTS—continued

$

412,000

Kimberly-Clark

Corp

3

.950

%

11/01/28

$

397,072‌

1,500,000

Kimberly-Clark

Corp

3

.200

04/25/29

1,369,474‌

1,500,000

Kimberly-Clark

Corp

2

.000

11/02/31

1,206,527‌

200,000

Kimberly-Clark

Corp

6

.625

08/01/37

228,083‌

725,000

Kimberly-Clark

Corp

3

.200

07/30/46

518,891‌

200,000

Kimberly-Clark

Corp

3

.900

05/04/47

163,830‌

300,000

e

Kimberly-Clark

Corp

2

.875

02/07/50

205,619‌

2,000,000

Procter

&

Gamble

Co

0

.550

10/29/25

1,793,730‌

750,000

Procter

&

Gamble

Co

2

.700

02/02/26

710,539‌

2,000,000

Procter

&

Gamble

Co

1

.000

04/23/26

1,791,406‌

1,750,000

Procter

&

Gamble

Co

2

.450

11/03/26

1,616,960‌

2,000,000

Procter

&

Gamble

Co

3

.000

03/25/30

1,827,245‌

1,150,000

Procter

&

Gamble

Co

1

.200

10/29/30

902,305‌

1,500,000

Procter

&

Gamble

Co

1

.950

04/23/31

1,247,819‌

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

25,585,401‌

INSURANCE

-

0

.8

%

700,000

ACE

INA

Holdings,

Inc

3

.150

03/15/25

675,922‌

2,325,000

ACE

INA

Holdings,

Inc

3

.350

05/03/26

2,225,629‌

150,000

ACE

INA

Holdings,

Inc

4

.150

03/13/43

126,469‌

1,600,000

ACE

INA

Holdings,

Inc

4

.350

11/03/45

1,384,941‌

500,000

Aegon

NV

5

.500

04/11/48

449,285‌

325,000

Aetna,

Inc

3

.500

11/15/24

315,697‌

440,000

Aetna,

Inc

6

.625

06/15/36

467,407‌

350,000

Aetna,

Inc

4

.500

05/15/42

301,885‌

500,000

Aetna,

Inc

4

.125

11/15/42

408,208‌

1,050,000

Aetna,

Inc

3

.875

08/15/47

806,265‌

2,000,000

Aflac,

Inc

1

.125

03/15/26

1,771,940‌

200,000

Aflac,

Inc

2

.875

10/15/26

186,185‌

375,000

Aflac,

Inc

3

.600

04/01/30

339,418‌

200,000

Aflac,

Inc

4

.000

10/15/46

154,687‌

500,000

Aflac,

Inc

4

.750

01/15/49

443,514‌

1,000,000

Alleghany

Corp

3

.625

05/15/30

927,436‌

200,000

Alleghany

Corp

4

.900

09/15/44

183,154‌

1,000,000

Alleghany

Corp

3

.250

08/15/51

703,582‌

300,000

Allied

World

Assurance

Co

Holdings

Ltd

4

.350

10/29/25

287,268‌

1,000,000

Allstate

Corp

0

.750

12/15/25

887,012‌

275,000

Allstate

Corp

3

.280

12/15/26

261,091‌

1,000,000

Allstate

Corp

1

.450

12/15/30

765,892‌

600,000

Allstate

Corp

4

.500

06/15/43

535,213‌

975,000

Allstate

Corp

4

.200

12/15/46

806,511‌

250,000

Allstate

Corp

3

.850

08/10/49

193,402‌

200,000

Allstate

Corp

5

.750

08/15/53

188,000‌

325,000

American

Financial

Group,

Inc

5

.250

04/02/30

318,195‌

400,000

American

Financial

Group,

Inc

4

.500

06/15/47

316,433‌

2,000,000

American

International

Group,

Inc

2

.500

06/30/25

1,882,800‌

300,000

American

International

Group,

Inc

4

.800

07/10/45

269,273‌

1,500,000

American

International

Group,

Inc

4

.750

04/01/48

1,337,586‌

300,000

American

International

Group,

Inc

5

.750

04/01/48

286,553‌

1,500,000

American

International

Group,

Inc

4

.375

06/30/50

1,268,779‌

200,000

Aon

Corp

4

.500

12/15/28

192,903‌

450,000

Aon

Corp

3

.750

05/02/29

415,100‌

450,000

Aon

Corp

2

.800

05/15/30

383,772‌

1,000,000

Aon

Corp

2

.050

08/23/31

790,678‌

1,000,000

Aon

Corp

2

.600

12/02/31

816,208‌

500,000

Aon

Corp

5

.000

09/12/32

494,431‌

200,000

Aon

Corp

6

.250

09/30/40

204,569‌

1,000,000

Aon

Corp

2

.900

08/23/51

636,000‌

500,000

Aon

Corp

3

.900

02/28/52

385,858‌

200,000

Aon

plc

4

.000

11/27/23

198,024‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

50

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

INSURANCE—continued

$

300,000

Aon

plc

3

.500

%

06/14/24

$

292,797‌

1,450,000

Aon

plc

3

.875

12/15/25

1,413,654‌

550,000

Aon

plc

4

.750

05/15/45

476,421‌

1,050,000

Arch

Capital

Group

Ltd

4

.011

12/15/26

1,001,255‌

200,000

Arch

Capital

Group

Ltd

5

.031

12/15/46

172,050‌

600,000

Arch

Capital

Group

Ltd

3

.635

06/30/50

413,916‌

300,000

Arch

Capital

Group

US,

Inc

5

.144

11/01/43

268,380‌

2,000,000

Arthur

J

Gallagher

&

Co

2

.400

11/09/31

1,568,805‌

125,000

Arthur

J

Gallagher

&

Co

3

.500

05/20/51

87,214‌

1,000,000

Arthur

J

Gallagher

&

Co

3

.050

03/09/52

632,347‌

200,000

Aspen

Insurance

Holdings

Ltd

4

.650

11/15/23

198,437‌

225,000

Assurant,

Inc

4

.200

09/27/23

222,493‌

300,000

Assurant,

Inc

4

.900

03/27/28

287,392‌

500,000

Assurant,

Inc

3

.700

02/22/30

423,273‌

7,000

Assurant,

Inc

6

.750

02/15/34

7,005‌

137,000

e

Assured

Guaranty

US

Holdings,

Inc

5

.000

07/01/24

136,780‌

1,000,000

Assured

Guaranty

US

Holdings,

Inc

3

.150

06/15/31

841,642‌

300,000

Assured

Guaranty

US

Holdings,

Inc

3

.600

09/15/51

195,197‌

675,000

Athene

Holding

Ltd

4

.125

01/12/28

618,600‌

500,000

Athene

Holding

Ltd

6

.150

04/03/30

504,438‌

1,000,000

Athene

Holding

Ltd

6

.650

02/01/33

988,876‌

1,000,000

Athene

Holding

Ltd

3

.950

05/25/51

674,756‌

1,000,000

Athene

Holding

Ltd

3

.450

05/15/52

613,834‌

300,000

AXIS

Specialty

Finance

LLC

3

.900

07/15/29

266,419‌

250,000

AXIS

Specialty

Finance

LLC

4

.900

01/15/40

205,000‌

200,000

AXIS

Specialty

Finance

plc

4

.000

12/06/27

185,162‌

1,500,000

e

Berkshire

Hathaway

Finance

Corp

2

.300

03/15/27

1,384,787‌

100,000

Berkshire

Hathaway

Finance

Corp

1

.850

03/12/30

83,855‌

1,500,000

Berkshire

Hathaway

Finance

Corp

1

.450

10/15/30

1,192,998‌

1,000,000

Berkshire

Hathaway

Finance

Corp

2

.875

03/15/32

866,286‌

300,000

Berkshire

Hathaway

Finance

Corp

4

.400

05/15/42

273,610‌

2,175,000

Berkshire

Hathaway

Finance

Corp

4

.200

08/15/48

1,913,621‌

1,725,000

Berkshire

Hathaway

Finance

Corp

4

.250

01/15/49

1,535,607‌

3,000,000

Berkshire

Hathaway

Finance

Corp

2

.500

01/15/51

1,875,017‌

1,500,000

Berkshire

Hathaway

Finance

Corp

3

.850

03/15/52

1,195,572‌

1,000,000

e

Brighthouse

Financial,

Inc

5

.625

05/15/30

951,076‌

236,000

Brighthouse

Financial,

Inc

4

.700

06/22/47

172,636‌

500,000

Brown

&

Brown,

Inc

4

.500

03/15/29

464,798‌

1,000,000

Brown

&

Brown,

Inc

2

.375

03/15/31

760,834‌

1,000,000

Brown

&

Brown,

Inc

4

.200

03/17/32

866,962‌

500,000

Brown

&

Brown,

Inc

4

.950

03/17/52

405,862‌

2,000,000

Centene

Corp

2

.625

08/01/31

1,571,600‌

450,000

Chubb

Corp

6

.000

05/11/37

476,146‌

1,325,000

Chubb

INA

Holdings,

Inc

1

.375

09/15/30

1,028,529‌

425,000

Chubb

INA

Holdings,

Inc

2

.850

12/15/51

280,845‌

1,500,000

Chubb

INA

Holdings,

Inc

3

.050

12/15/61

971,955‌

200,000

Cincinnati

Financial

Corp

6

.920

05/15/28

213,442‌

690,000

CNA

Financial

Corp

3

.950

05/15/24

677,860‌

200,000

CNA

Financial

Corp

4

.500

03/01/26

196,595‌

225,000

CNA

Financial

Corp

3

.450

08/15/27

208,422‌

100,000

CNA

Financial

Corp

3

.900

05/01/29

91,022‌

1,150,000

CNA

Financial

Corp

2

.050

08/15/30

905,484‌

500,000

CNO

Financial

Group,

Inc

5

.250

05/30/29

476,352‌

1,000,000

g

Corebridge

Financial,

Inc

3

.500

04/04/25

958,675‌

1,000,000

g

Corebridge

Financial,

Inc

3

.650

04/05/27

932,191‌

1,000,000

g

Corebridge

Financial,

Inc

3

.850

04/05/29

910,808‌

2,000,000

g

Corebridge

Financial,

Inc

3

.900

04/05/32

1,746,735‌

1,000,000

g

Corebridge

Financial,

Inc

4

.350

04/05/42

820,349‌

500,000

g

Corebridge

Financial,

Inc

4

.400

04/05/52

396,290‌

1,000,000

g

Corebridge

Financial,

Inc

6

.875

12/15/52

924,035‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

51

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

INSURANCE—continued

$

1,750,000

Elevance

Health,

Inc

6

.100

%

10/15/52

$

1,865,625‌

500,000

Enstar

Group

Ltd

4

.950

06/01/29

458,216‌

1,000,000

Enstar

Group

Ltd

3

.100

09/01/31

730,235‌

300,000

Everest

Reinsurance

Holdings,

Inc

4

.868

06/01/44

256,876‌

250,000

Everest

Reinsurance

Holdings,

Inc

3

.500

10/15/50

169,212‌

1,200,000

Everest

Reinsurance

Holdings,

Inc

3

.125

10/15/52

749,027‌

400,000

Fairfax

Financial

Holdings

Ltd

4

.850

04/17/28

378,036‌

500,000

Fairfax

Financial

Holdings

Ltd

4

.625

04/29/30

453,562‌

1,000,000

Fairfax

Financial

Holdings

Ltd

3

.375

03/03/31

819,332‌

1,000,000

g

Fairfax

Financial

Holdings

Ltd

5

.625

08/16/32

938,613‌

300,000

Fidelity

National

Financial,

Inc

4

.500

08/15/28

284,525‌

1,000,000

Fidelity

National

Financial,

Inc

3

.400

06/15/30

844,078‌

500,000

Fidelity

National

Financial,

Inc

2

.450

03/15/31

381,429‌

400,000

Fidelity

National

Financial,

Inc

3

.200

09/17/51

232,327‌

750,000

First

American

Financial

Corp

4

.000

05/15/30

628,096‌

400,000

First

American

Financial

Corp

2

.400

08/15/31

292,294‌

350,000

Globe

Life,

Inc

2

.150

08/15/30

277,127‌

175,000

Globe

Life,

Inc

4

.800

06/15/32

164,946‌

200,000

Hanover

Insurance

Group,

Inc

4

.500

04/15/26

195,685‌

1,000,000

Hanover

Insurance

Group,

Inc

2

.500

09/01/30

768,213‌

750,000

Hartford

Financial

Services

Group,

Inc

2

.800

08/19/29

642,061‌

400,000

Hartford

Financial

Services

Group,

Inc

4

.300

04/15/43

319,834‌

450,000

Hartford

Financial

Services

Group,

Inc

4

.400

03/15/48

371,144‌

450,000

Hartford

Financial

Services

Group,

Inc

3

.600

08/19/49

323,156‌

475,000

Hartford

Financial

Services

Group,

Inc

2

.900

09/15/51

298,575‌

500,000

Humana,

Inc

5

.750

03/01/28

510,517‌

500,000

Humana,

Inc

5

.875

03/01/33

516,152‌

500,000

e

Jackson

Financial,

Inc

5

.170

06/08/27

492,618‌

1,500,000

Jackson

Financial,

Inc

3

.125

11/23/31

1,149,721‌

500,000

e

Jackson

Financial,

Inc

5

.670

06/08/32

469,439‌

1,000,000

Jackson

Financial,

Inc

4

.000

11/23/51

634,727‌

200,000

Kemper

Corp

4

.350

02/15/25

194,001‌

500,000

Kemper

Corp

2

.400

09/30/30

388,737‌

1,000,000

e

Kemper

Corp

3

.800

02/23/32

835,680‌

400,000

Leucadia

National

Corp

5

.500

10/18/23

400,005‌

175,000

Lincoln

National

Corp

3

.350

03/09/25

168,216‌

600,000

Lincoln

National

Corp

3

.625

12/12/26

562,037‌

650,000

Lincoln

National

Corp

3

.050

01/15/30

537,113‌

1,000,000

Lincoln

National

Corp

3

.400

03/01/32

809,174‌

150,000

Lincoln

National

Corp

7

.000

06/15/40

156,342‌

250,000

Lincoln

National

Corp

4

.350

03/01/48

189,123‌

500,000

e

Lincoln

National

Corp

4

.375

06/15/50

372,147‌

800,000

Loews

Corp

3

.750

04/01/26

772,233‌

400,000

Loews

Corp

3

.200

05/15/30

352,753‌

200,000

Loews

Corp

4

.125

05/15/43

162,314‌

700,000

Manulife

Financial

Corp

4

.150

03/04/26

681,670‌

1,300,000

Manulife

Financial

Corp

4

.061

02/24/32

1,183,689‌

1,000,000

Manulife

Financial

Corp

3

.703

03/16/32

891,188‌

200,000

Manulife

Financial

Corp

5

.375

03/04/46

191,981‌

200,000

Markel

Corp

3

.350

09/17/29

173,708‌

150,000

Markel

Corp

5

.000

04/05/46

129,512‌

100,000

Markel

Corp

4

.300

11/01/47

78,147‌

750,000

Markel

Corp

5

.000

05/20/49

653,797‌

200,000

Markel

Corp

4

.150

09/17/50

150,804‌

1,500,000

Markel

Corp

3

.450

05/07/52

1,010,731‌

725,000

Marsh

&

McLennan

Cos,

Inc

3

.875

03/15/24

714,941‌

1,700,000

Marsh

&

McLennan

Cos,

Inc

4

.375

03/15/29

1,642,010‌

450,000

Marsh

&

McLennan

Cos,

Inc

2

.250

11/15/30

368,402‌

600,000

Marsh

&

McLennan

Cos,

Inc

2

.375

12/15/31

484,529‌

1,000,000

Marsh

&

McLennan

Cos,

Inc

5

.750

11/01/32

1,045,737‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

52

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

INSURANCE—continued

$

250,000

Marsh

&

McLennan

Cos,

Inc

4

.750

%

03/15/39

$

229,721‌

100,000

Marsh

&

McLennan

Cos,

Inc

4

.350

01/30/47

83,908‌

300,000

Marsh

&

McLennan

Cos,

Inc

4

.200

03/01/48

247,075‌

1,200,000

Marsh

&

McLennan

Cos,

Inc

4

.900

03/15/49

1,102,964‌

1,000,000

Marsh

&

McLennan

Cos,

Inc

2

.900

12/15/51

640,787‌

250,000

Marsh

&

McLennan

Cos,

Inc

6

.250

11/01/52

277,235‌

200,000

Mercury

General

Corp

4

.400

03/15/27

187,011‌

525,000

MetLife,

Inc

4

.368

09/15/23

523,316‌

700,000

MetLife,

Inc

3

.600

04/10/24

687,331‌

700,000

MetLife,

Inc

3

.600

11/13/25

680,151‌

1,000,000

MetLife,

Inc

4

.550

03/23/30

982,962‌

675,000

MetLife,

Inc

6

.375

06/15/34

749,409‌

1,530,000

MetLife,

Inc

5

.700

06/15/35

1,601,042‌

130,000

MetLife,

Inc

5

.875

02/06/41

133,524‌

450,000

MetLife,

Inc

4

.125

08/13/42

381,010‌

750,000

MetLife,

Inc

4

.875

11/13/43

700,515‌

500,000

MetLife,

Inc

4

.721

12/15/44

457,151‌

800,000

MetLife,

Inc

4

.050

03/01/45

668,495‌

1,650,000

MetLife,

Inc

4

.600

05/13/46

1,482,522‌

1,200,000

MetLife,

Inc

5

.000

07/15/52

1,142,339‌

20,000

Nationwide

Financial

Services

6

.750

05/15/37

19,150‌

200,000

Old

Republic

International

Corp

4

.875

10/01/24

198,819‌

100,000

Old

Republic

International

Corp

3

.875

08/26/26

94,669‌

1,500,000

Old

Republic

International

Corp

3

.850

06/11/51

1,028,779‌

500,000

PartnerRe

Finance

B

LLC

3

.700

07/02/29

451,074‌

500,000

PartnerRe

Finance

B

LLC

4

.500

10/01/50

432,650‌

725,000

Presbyterian

Healthcare

Services

4

.875

08/01/52

678,751‌

1,000,000

Primerica,

Inc

2

.800

11/19/31

813,953‌

150,000

Principal

Financial

Group,

Inc

3

.125

05/15/23

148,936‌

200,000

Principal

Financial

Group,

Inc

3

.400

05/15/25

193,569‌

850,000

Principal

Financial

Group,

Inc

3

.100

11/15/26

793,914‌

100,000

Principal

Financial

Group,

Inc

3

.700

05/15/29

92,656‌

1,000,000

Principal

Financial

Group,

Inc

2

.125

06/15/30

819,350‌

100,000

Principal

Financial

Group,

Inc

4

.625

09/15/42

84,108‌

200,000

Principal

Financial

Group,

Inc

4

.350

05/15/43

163,760‌

300,000

Principal

Financial

Group,

Inc

4

.300

11/15/46

240,710‌

650,000

Progressive

Corp

2

.450

01/15/27

595,070‌

750,000

Progressive

Corp

2

.500

03/15/27

690,468‌

250,000

Progressive

Corp

4

.000

03/01/29

239,891‌

100,000

Progressive

Corp

3

.200

03/26/30

89,728‌

125,000

e

Progressive

Corp

3

.000

03/15/32

108,535‌

120,000

Progressive

Corp

6

.250

12/01/32

130,815‌

300,000

Progressive

Corp

4

.350

04/25/44

256,473‌

300,000

Progressive

Corp

3

.700

01/26/45

232,077‌

950,000

Progressive

Corp

4

.125

04/15/47

795,276‌

750,000

Progressive

Corp

4

.200

03/15/48

628,589‌

100,000

Progressive

Corp

3

.950

03/26/50

80,198‌

500,000

Progressive

Corp

3

.700

03/15/52

383,360‌

200,000

Prudential

Financial,

Inc

1

.500

03/10/26

180,076‌

195,000

Prudential

Financial,

Inc

3

.878

03/27/28

186,977‌

500,000

Prudential

Financial,

Inc

2

.100

03/10/30

414,248‌

450,000

Prudential

Financial,

Inc

5

.700

12/14/36

464,672‌

500,000

Prudential

Financial,

Inc

3

.000

03/10/40

371,958‌

600,000

Prudential

Financial,

Inc

5

.200

03/15/44

570,390‌

1,700,000

Prudential

Financial,

Inc

4

.600

05/15/44

1,510,649‌

200,000

Prudential

Financial,

Inc

5

.375

05/15/45

193,395‌

2,300,000

Prudential

Financial,

Inc

4

.500

09/15/47

2,073,634‌

300,000

Prudential

Financial,

Inc

4

.418

03/27/48

254,641‌

2,400,000

Prudential

Financial,

Inc

5

.700

09/15/48

2,292,000‌

799,000

Prudential

Financial,

Inc

3

.935

12/07/49

622,242‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

53

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

INSURANCE—continued

$

450,000

Prudential

Financial,

Inc

4

.350

%

02/25/50

$

381,027‌

1,000,000

Prudential

Financial,

Inc

3

.700

03/13/51

763,070‌

675,000

Prudential

Financial,

Inc

5

.125

03/01/52

614,250‌

1,000,000

Prudential

Financial,

Inc

6

.000

09/01/52

966,476‌

200,000

Prudential

plc

3

.125

04/14/30

174,183‌

1,000,000

Prudential

plc

3

.625

03/24/32

872,526‌

250,000

Reinsurance

Group

of

America,

Inc

4

.700

09/15/23

248,806‌

750,000

Reinsurance

Group

of

America,

Inc

3

.900

05/15/29

686,188‌

350,000

Reinsurance

Group

of

America,

Inc

3

.150

06/15/30

297,269‌

200,000

RenaissanceRe

Finance,

Inc

3

.700

04/01/25

193,678‌

200,000

RenaissanceRe

Finance,

Inc

3

.450

07/01/27

185,910‌

300,000

RenaissanceRe

Holdings

Ltd

3

.600

04/15/29

269,679‌

1,000,000

Stewart

Information

Services

Corp

3

.600

11/15/31

766,327‌

350,000

Torchmark

Corp

4

.550

09/15/28

339,195‌

20,000

Transatlantic

Holdings,

Inc

8

.000

11/30/39

24,788‌

600,000

Travelers

Cos,

Inc

5

.350

11/01/40

594,720‌

200,000

Travelers

Cos,

Inc

4

.600

08/01/43

177,882‌

250,000

Travelers

Cos,

Inc

4

.300

08/25/45

212,625‌

1,100,000

Travelers

Cos,

Inc

4

.000

05/30/47

889,255‌

500,000

Travelers

Cos,

Inc

4

.050

03/07/48

401,735‌

900,000

Travelers

Cos,

Inc

4

.100

03/04/49

731,813‌

2,000,000

Travelers

Cos,

Inc

3

.050

06/08/51

1,360,242‌

100,000

Travelers

Property

Casualty

Corp

6

.375

03/15/33

109,486‌

2,000,000

UnitedHealth

Group,

Inc

5

.250

02/15/28

2,044,462‌

1,000,000

UnitedHealth

Group,

Inc

5

.300

02/15/30

1,030,442‌

1,500,000

UnitedHealth

Group,

Inc

5

.350

02/15/33

1,547,532‌

1,500,000

UnitedHealth

Group,

Inc

5

.875

02/15/53

1,619,648‌

1,000,000

UnitedHealth

Group,

Inc

6

.050

02/15/63

1,085,139‌

500,000

Unum

Group

4

.000

06/15/29

451,667‌

300,000

Unum

Group

5

.750

08/15/42

269,656‌

500,000

Unum

Group

4

.500

12/15/49

354,503‌

1,000,000

Unum

Group

4

.125

06/15/51

681,357‌

1,000,000

W

R

Berkley

Corp

3

.550

03/30/52

692,152‌

400,000

W

R

Berkley

Corp

3

.150

09/30/61

243,455‌

425,000

Willis

North

America,

Inc

3

.600

05/15/24

413,410‌

1,000,000

Willis

North

America,

Inc

4

.650

06/15/27

965,924‌

500,000

Willis

North

America,

Inc

4

.500

09/15/28

471,140‌

900,000

Willis

North

America,

Inc

2

.950

09/15/29

756,544‌

300,000

Willis

North

America,

Inc

5

.050

09/15/48

250,062‌

500,000

Willis

North

America,

Inc

3

.875

09/15/49

354,737‌

200,000

WR

Berkley

Corp

4

.750

08/01/44

173,813‌

650,000

WR

Berkley

Corp

4

.000

05/12/50

491,816‌

200,000

XLIT

Ltd

5

.250

12/15/43

194,960‌

300,000

XLIT

Ltd

5

.500

03/31/45

283,424‌

TOTAL

INSURANCE

156,551,944‌

MATERIALS

-

0

.7

%

300,000

Air

Products

&

Chemicals,

Inc

3

.350

07/31/24

293,166‌

175,000

Air

Products

&

Chemicals,

Inc

1

.500

10/15/25

161,069‌

500,000

Air

Products

&

Chemicals,

Inc

1

.850

05/15/27

444,246‌

2,125,000

Air

Products

&

Chemicals,

Inc

2

.050

05/15/30

1,778,779‌

125,000

Air

Products

&

Chemicals,

Inc

2

.700

05/15/40

93,004‌

1,250,000

e

Air

Products

&

Chemicals,

Inc

2

.800

05/15/50

865,345‌

750,000

Albemarle

Corp

4

.650

06/01/27

731,382‌

1,000,000

Albemarle

Corp

5

.650

06/01/52

909,861‌

500,000

Amcor

Finance

USA,

Inc

3

.625

04/28/26

473,077‌

400,000

Amcor

Finance

USA,

Inc

4

.500

05/15/28

373,734‌

2,000,000

Amcor

Flexibles

North

America,

Inc

2

.690

05/25/31

1,624,943‌

1,000,000

AngloGold

Ashanti

Holdings

plc

3

.375

11/01/28

871,706‌

375,000

AngloGold

Ashanti

Holdings

plc

3

.750

10/01/30

325,250‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

54

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MATERIALS—continued

$

1,000,000

AptarGroup,

Inc

3

.600

%

03/15/32

$

826,726‌

1,500,000

ArcelorMittal

S.A.

6

.550

11/29/27

1,507,058‌

2,000,000

ArcelorMittal

S.A.

6

.800

11/29/32

1,988,690‌

300,000

Avery

Dennison

Corp

4

.875

12/06/28

292,052‌

500,000

Avery

Dennison

Corp

2

.650

04/30/30

411,694‌

1,000,000

Avery

Dennison

Corp

2

.250

02/15/32

760,793‌

100,000

Barrick

Australian

Finance

Pty

Ltd

5

.950

10/15/39

101,994‌

1,500,000

Barrick

North

America

Finance

LLC

5

.750

05/01/43

1,514,703‌

100,000

Bemis

Co,

Inc

3

.100

09/15/26

92,729‌

200,000

Bemis

Co,

Inc

2

.630

06/19/30

162,747‌

625,000

Berry

Global,

Inc

0

.950

02/15/24

592,131‌

1,375,000

Berry

Global,

Inc

1

.570

01/15/26

1,224,872‌

625,000

Berry

Global,

Inc

1

.650

01/15/27

534,544‌

825,000

BHP

Billiton

Finance

USA

Ltd

4

.125

02/24/42

716,871‌

1,925,000

BHP

Billiton

Finance

USA

Ltd

5

.000

09/30/43

1,864,941‌

500,000

Cabot

Corp

4

.000

07/01/29

447,260‌

1,000,000

Cabot

Corp

5

.000

06/30/32

924,599‌

1,000,000

Celanese

US

Holdings

LLC

6

.050

03/15/25

996,109‌

1,000,000

Celanese

US

Holdings

LLC

6

.330

07/15/29

971,641‌

400,000

Celulosa

Arauco

y

Constitucion

S.A.

4

.500

08/01/24

393,825‌

375,000

Celulosa

Arauco

y

Constitucion

S.A.

3

.875

11/02/27

350,922‌

200,000

Celulosa

Arauco

y

Constitucion

S.A.

5

.500

11/02/47

177,832‌

500,000

Church

&

Dwight

Co,

Inc

5

.600

11/15/32

517,179‌

14,000

Dow

Chemical

Co

4

.550

11/30/25

13,906‌

300,000

Dow

Chemical

Co

4

.800

11/30/28

295,646‌

81,000

Dow

Chemical

Co

7

.375

11/01/29

89,986‌

1,000,000

e

Dow

Chemical

Co

2

.100

11/15/30

803,581‌

1,000,000

Dow

Chemical

Co

6

.300

03/15/33

1,051,981‌

982,000

Dow

Chemical

Co

4

.250

10/01/34

887,712‌

131,000

Dow

Chemical

Co

9

.400

05/15/39

172,563‌

275,000

Dow

Chemical

Co

5

.250

11/15/41

256,310‌

1,200,000

Dow

Chemical

Co

4

.375

11/15/42

993,625‌

400,000

Dow

Chemical

Co

4

.625

10/01/44

331,440‌

825,000

Dow

Chemical

Co

5

.550

11/30/48

772,366‌

750,000

Dow

Chemical

Co

4

.800

05/15/49

632,991‌

1,000,000

Dow

Chemical

Co

3

.600

11/15/50

714,502‌

500,000

Dow

Chemical

Co

6

.900

05/15/53

542,896‌

1,600,000

DowDuPont,

Inc

4

.493

11/15/25

1,573,363‌

2,300,000

DowDuPont,

Inc

4

.725

11/15/28

2,267,897‌

150,000

DowDuPont,

Inc

5

.319

11/15/38

144,159‌

2,325,000

DowDuPont,

Inc

5

.419

11/15/48

2,212,934‌

1,500,000

Eagle

Materials,

Inc

2

.500

07/01/31

1,176,663‌

727,000

Eastman

Chemical

Co

3

.800

03/15/25

705,385‌

700,000

Eastman

Chemical

Co

4

.500

12/01/28

662,875‌

150,000

Eastman

Chemical

Co

4

.800

09/01/42

126,038‌

525,000

Eastman

Chemical

Co

4

.650

10/15/44

429,951‌

750,000

Ecolab,

Inc

2

.700

11/01/26

695,997‌

1,000,000

Ecolab,

Inc

1

.650

02/01/27

885,216‌

300,000

Ecolab,

Inc

3

.250

12/01/27

279,139‌

1,000,000

Ecolab,

Inc

1

.300

01/30/31

761,069‌

1,000,000

e

Ecolab,

Inc

2

.125

02/01/32

798,239‌

150,000

Ecolab,

Inc

2

.125

08/15/50

83,665‌

1,000,000

Ecolab,

Inc

2

.700

12/15/51

622,009‌

1,370,000

Ecolab,

Inc

2

.750

08/18/55

817,533‌

350,000

EI

du

Pont

de

Nemours

and

Co

1

.700

07/15/25

323,261‌

175,000

EI

du

Pont

de

Nemours

and

Co

2

.300

07/15/30

145,600‌

700,000

Fibria

Overseas

Finance

Ltd

5

.500

01/17/27

702,359‌

200,000

FMC

Corp

4

.100

02/01/24

197,196‌

500,000

FMC

Corp

3

.200

10/01/26

465,101‌

500,000

FMC

Corp

3

.450

10/01/29

440,708‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

55

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MATERIALS—continued

$

500,000

FMC

Corp

4

.500

%

10/01/49

$

395,605‌

1,000,000

Freeport-McMoRan,

Inc

4

.125

03/01/28

925,005‌

1,500,000

Freeport-McMoRan,

Inc

4

.375

08/01/28

1,400,055‌

1,000,000

Freeport-McMoRan,

Inc

5

.250

09/01/29

964,800‌

1,000,000

Freeport-McMoRan,

Inc

4

.250

03/01/30

907,910‌

1,000,000

Freeport-McMoRan,

Inc

4

.625

08/01/30

931,394‌

300,000

Georgia-Pacific

LLC

8

.000

01/15/24

308,980‌

750,000

Georgia-Pacific

LLC

7

.750

11/15/29

851,089‌

600,000

Huntsman

International

LLC

4

.500

05/01/29

538,848‌

1,000,000

Huntsman

International

LLC

2

.950

06/15/31

776,084‌

300,000

International

Flavors

&

Fragrances,

Inc

3

.200

05/01/23

298,126‌

100,000

International

Flavors

&

Fragrances,

Inc

4

.450

09/26/28

94,117‌

200,000

International

Flavors

&

Fragrances,

Inc

4

.375

06/01/47

155,472‌

675,000

International

Flavors

&

Fragrances,

Inc

5

.000

09/26/48

573,146‌

450,000

International

Paper

Co

6

.000

11/15/41

448,556‌

390,000

International

Paper

Co

4

.800

06/15/44

336,797‌

2,425,000

International

Paper

Co

4

.350

08/15/48

2,023,680‌

1,000,000

Kinross

Gold

Corp

4

.500

07/15/27

948,466‌

150,000

Lubrizol

Corp

6

.500

10/01/34

171,124‌

170,000

LYB

International

Finance

BV

4

.000

07/15/23

168,732‌

575,000

LYB

International

Finance

BV

5

.250

07/15/43

504,827‌

550,000

LYB

International

Finance

BV

4

.875

03/15/44

458,418‌

491,000

LYB

International

Finance

III

LLC

1

.250

10/01/25

438,024‌

150,000

LYB

International

Finance

III

LLC

2

.250

10/01/30

118,942‌

1,150,000

LYB

International

Finance

III

LLC

3

.375

10/01/40

817,309‌

1,000,000

LYB

International

Finance

III

LLC

4

.200

10/15/49

743,611‌

750,000

LYB

International

Finance

III

LLC

4

.200

05/01/50

554,520‌

1,000,000

LYB

International

Finance

III

LLC

3

.625

04/01/51

669,079‌

500,000

LYB

International

Finance

III

LLC

3

.800

10/01/60

323,840‌

741,000

LyondellBasell

Industries

NV

5

.750

04/15/24

742,972‌

475,000

LyondellBasell

Industries

NV

4

.625

02/26/55

369,773‌

200,000

Martin

Marietta

Materials,

Inc

4

.250

07/02/24

197,313‌

200,000

Martin

Marietta

Materials,

Inc

3

.450

06/01/27

185,630‌

325,000

Martin

Marietta

Materials,

Inc

3

.500

12/15/27

300,755‌

250,000

Martin

Marietta

Materials,

Inc

2

.500

03/15/30

205,971‌

1,000,000

Martin

Marietta

Materials,

Inc

2

.400

07/15/31

798,590‌

450,000

Martin

Marietta

Materials,

Inc

4

.250

12/15/47

362,500‌

1,000,000

Martin

Marietta

Materials,

Inc

3

.200

07/15/51

680,389‌

1,000,000

Mosaic

Co

4

.250

11/15/23

991,656‌

800,000

Mosaic

Co

4

.050

11/15/27

753,265‌

300,000

Mosaic

Co

5

.450

11/15/33

291,736‌

100,000

Mosaic

Co

4

.875

11/15/41

84,755‌

600,000

Mosaic

Co

5

.625

11/15/43

558,649‌

250,000

Newmont

Corp

2

.250

10/01/30

200,935‌

1,350,000

e

Newmont

Corp

2

.600

07/15/32

1,074,751‌

1,300,000

Newmont

Goldcorp

Corp

2

.800

10/01/29

1,105,175‌

298,000

Newmont

Goldcorp

Corp

5

.875

04/01/35

301,306‌

235,000

Newmont

Goldcorp

Corp

6

.250

10/01/39

245,310‌

975,000

Newmont

Goldcorp

Corp

4

.875

03/15/42

885,616‌

300,000

Newmont

Goldcorp

Corp

5

.450

06/09/44

285,371‌

275,000

Nucor

Corp

2

.000

06/01/25

255,925‌

500,000

Nucor

Corp

4

.300

05/23/27

487,762‌

425,000

Nucor

Corp

3

.950

05/01/28

401,486‌

3,150,000

Nucor

Corp

2

.700

06/01/30

2,671,227‌

500,000

Nucor

Corp

3

.125

04/01/32

423,814‌

1,000,000

Nucor

Corp

2

.979

12/15/55

618,572‌

500,000

Nutrien

Ltd

1

.900

05/13/23

494,287‌

200,000

Nutrien

Ltd

3

.000

04/01/25

190,393‌

700,000

Nutrien

Ltd

4

.000

12/15/26

673,022‌

550,000

Nutrien

Ltd

4

.200

04/01/29

516,617‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

56

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MATERIALS—continued

$

500,000

Nutrien

Ltd

2

.950

%

05/13/30

$

428,359‌

200,000

Nutrien

Ltd

4

.125

03/15/35

172,292‌

200,000

Nutrien

Ltd

5

.625

12/01/40

192,960‌

200,000

Nutrien

Ltd

4

.900

06/01/43

175,921‌

691,000

Nutrien

Ltd

5

.250

01/15/45

631,303‌

1,050,000

Nutrien

Ltd

5

.000

04/01/49

942,623‌

300,000

Nutrien

Ltd

3

.950

05/13/50

227,701‌

500,000

Owens

Corning

4

.200

12/01/24

492,193‌

300,000

Owens

Corning

3

.400

08/15/26

280,057‌

500,000

Owens

Corning

3

.950

08/15/29

454,428‌

300,000

Owens

Corning

3

.875

06/01/30

266,562‌

525,000

Owens

Corning

4

.300

07/15/47

403,805‌

350,000

Owens

Corning

4

.400

01/30/48

271,145‌

100,000

Packaging

Corp

of

America

3

.650

09/15/24

97,425‌

550,000

Packaging

Corp

of

America

3

.400

12/15/27

504,945‌

100,000

Packaging

Corp

of

America

3

.000

12/15/29

85,570‌

500,000

Packaging

Corp

of

America

4

.050

12/15/49

381,183‌

1,500,000

Packaging

Corp

of

America

3

.050

10/01/51

959,121‌

300,000

PPG

Industries,

Inc

3

.200

03/15/23

298,841‌

500,000

PPG

Industries,

Inc

2

.400

08/15/24

478,329‌

250,000

PPG

Industries,

Inc

1

.200

03/15/26

221,596‌

425,000

e

PPG

Industries,

Inc

3

.750

03/15/28

402,460‌

500,000

PPG

Industries,

Inc

2

.550

06/15/30

419,855‌

300,000

Praxair,

Inc

2

.650

02/05/25

287,209‌

1,000,000

Praxair,

Inc

3

.200

01/30/26

959,394‌

725,000

Praxair,

Inc

1

.100

08/10/30

555,481‌

625,000

Praxair,

Inc

3

.550

11/07/42

498,409‌

225,000

Praxair,

Inc

2

.000

08/10/50

124,556‌

300,000

Reliance

Steel

&

Aluminum

Co

4

.500

04/15/23

299,948‌

500,000

Reliance

Steel

&

Aluminum

Co

1

.300

08/15/25

451,736‌

500,000

Reliance

Steel

&

Aluminum

Co

2

.150

08/15/30

393,732‌

414,000

Rio

Tinto

Alcan,

Inc

6

.125

12/15/33

443,200‌

350,000

Rio

Tinto

Finance

USA

Ltd

5

.200

11/02/40

348,863‌

2,000,000

Rio

Tinto

Finance

USA

Ltd

2

.750

11/02/51

1,322,969‌

1,400,000

Rio

Tinto

Finance

USA

plc

4

.125

08/21/42

1,205,448‌

100,000

RPM

International,

Inc

3

.750

03/15/27

93,096‌

300,000

RPM

International,

Inc

4

.550

03/01/29

277,697‌

1,000,000

RPM

International,

Inc

2

.950

01/15/32

787,917‌

100,000

RPM

International,

Inc

5

.250

06/01/45

86,076‌

200,000

RPM

International,

Inc

4

.250

01/15/48

149,179‌

200,000

Sherwin-Williams

Co

3

.450

08/01/25

192,238‌

1,000,000

Sherwin-Williams

Co

4

.250

08/08/25

982,549‌

200,000

Sherwin-Williams

Co

3

.950

01/15/26

194,302‌

925,000

Sherwin-Williams

Co

3

.450

06/01/27

867,592‌

500,000

Sherwin-Williams

Co

2

.950

08/15/29

437,693‌

500,000

Sherwin-Williams

Co

2

.300

05/15/30

411,049‌

950,000

e

Sherwin-Williams

Co

2

.200

03/15/32

751,273‌

200,000

Sherwin-Williams

Co

4

.000

12/15/42

158,209‌

900,000

Sherwin-Williams

Co

4

.500

06/01/47

755,266‌

900,000

Sherwin-Williams

Co

3

.800

08/15/49

668,179‌

500,000

Sherwin-Williams

Co

3

.300

05/15/50

341,750‌

1,000,000

Sherwin-Williams

Co

2

.900

03/15/52

622,589‌

650,000

Sonoco

Products

Co

2

.250

02/01/27

577,970‌

750,000

Sonoco

Products

Co

3

.125

05/01/30

644,388‌

1,000,000

Sonoco

Products

Co

2

.850

02/01/32

812,860‌

800,000

Southern

Copper

Corp

3

.875

04/23/25

771,680‌

100,000

Southern

Copper

Corp

7

.500

07/27/35

116,151‌

1,180,000

Southern

Copper

Corp

6

.750

04/16/40

1,317,333‌

2,000,000

Southern

Copper

Corp

5

.875

04/23/45

2,045,322‌

250,000

Steel

Dynamics,

Inc

2

.800

12/15/24

237,472‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

57

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MATERIALS—continued

$

100,000

Steel

Dynamics,

Inc

2

.400

%

06/15/25

$

93,768‌

1,000,000

Steel

Dynamics,

Inc

1

.650

10/15/27

837,852‌

750,000

Steel

Dynamics,

Inc

3

.450

04/15/30

659,459‌

100,000

Steel

Dynamics,

Inc

3

.250

01/15/31

85,344‌

500,000

Steel

Dynamics,

Inc

3

.250

10/15/50

324,164‌

700,000

Suzano

Austria

GmbH

2

.500

09/15/28

588,959‌

1,900,000

Suzano

Austria

GmbH

6

.000

01/15/29

1,889,861‌

1,000,000

Suzano

Austria

GmbH

3

.750

01/15/31

838,926‌

1,500,000

Suzano

Austria

GmbH

3

.125

01/15/32

1,169,406‌

2,000,000

Teck

Resources

Ltd

3

.900

07/15/30

1,788,565‌

750,000

Vulcan

Materials

Co

4

.500

04/01/25

743,777‌

100,000

Vulcan

Materials

Co

3

.900

04/01/27

94,937‌

275,000

Vulcan

Materials

Co

3

.500

06/01/30

242,230‌

475,000

Vulcan

Materials

Co

4

.500

06/15/47

394,553‌

200,000

Vulcan

Materials

Co

4

.700

03/01/48

169,524‌

200,000

Westlake

Chemical

Corp

0

.875

08/15/24

185,703‌

500,000

Westlake

Chemical

Corp

3

.600

08/15/26

469,804‌

1,000,000

Westlake

Chemical

Corp

3

.375

06/15/30

855,702‌

500,000

Westlake

Chemical

Corp

2

.875

08/15/41

330,214‌

500,000

Westlake

Chemical

Corp

5

.000

08/15/46

415,371‌

200,000

Westlake

Chemical

Corp

4

.375

11/15/47

150,507‌

500,000

Westlake

Chemical

Corp

3

.125

08/15/51

307,838‌

500,000

Westlake

Chemical

Corp

3

.375

08/15/61

294,859‌

250,000

WRKCo,

Inc

3

.000

09/15/24

238,920‌

425,000

WRKCo,

Inc

3

.750

03/15/25

411,030‌

525,000

WRKCo,

Inc

4

.650

03/15/26

514,989‌

300,000

WRKCo,

Inc

3

.375

09/15/27

274,628‌

325,000

WRKCo,

Inc

4

.000

03/15/28

302,431‌

240,000

WRKCo,

Inc

3

.900

06/01/28

220,544‌

950,000

WRKCo,

Inc

4

.900

03/15/29

912,080‌

685,000

WRKCo,

Inc

4

.200

06/01/32

617,091‌

1,400,000

WRKCo,

Inc

3

.000

06/15/33

1,111,823‌

750,000

Yamana

Gold,

Inc

2

.630

08/15/31

560,042‌

TOTAL

MATERIALS

133,669,765‌

MEDIA

&

ENTERTAINMENT

-

1

.1

%

475,000

Activision

Blizzard,

Inc

3

.400

09/15/26

452,488‌

300,000

Activision

Blizzard,

Inc

3

.400

06/15/27

283,714‌

250,000

Activision

Blizzard,

Inc

1

.350

09/15/30

195,357‌

300,000

Activision

Blizzard,

Inc

4

.500

06/15/47

261,239‌

1,100,000

Activision

Blizzard,

Inc

2

.500

09/15/50

675,512‌

1,000,000

AdventHealth

Obligated

Group

2

.795

11/15/51

634,536‌

500,000

Agree

LP

2

.600

06/15/33

376,336‌

875,000

Alphabet,

Inc

3

.375

02/25/24

875,859‌

675,000

Alphabet,

Inc

0

.450

08/15/25

609,343‌

1,250,000

Alphabet,

Inc

1

.998

08/15/26

1,149,230‌

1,000,000

Alphabet,

Inc

0

.800

08/15/27

856,484‌

850,000

Alphabet,

Inc

1

.100

08/15/30

665,190‌

1,000,000

Alphabet,

Inc

1

.900

08/15/40

663,624‌

2,800,000

Alphabet,

Inc

2

.050

08/15/50

1,636,479‌

1,100,000

Alphabet,

Inc

2

.250

08/15/60

619,672‌

1,000,000

American

Assets

Trust

LP

3

.375

02/01/31

793,184‌

700,000

e

Baidu,

Inc

3

.875

09/29/23

691,391‌

525,000

Baidu,

Inc

4

.375

05/14/24

516,123‌

200,000

e

Baidu,

Inc

3

.075

04/07/25

188,113‌

1,000,000

Baidu,

Inc

1

.720

04/09/26

888,326‌

500,000

e

Baidu,

Inc

4

.375

03/29/28

463,932‌

500,000

Baidu,

Inc

4

.875

11/14/28

477,523‌

300,000

Baidu,

Inc

3

.425

04/07/30

260,693‌

750,000

Baidu,

Inc

2

.375

10/09/30

598,301‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

58

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MEDIA

&

ENTERTAINMENT—continued

$

1,000,000

Baidu,

Inc

2

.375

%

08/23/31

$

781,465‌

1,000,000

Bain

Capital

Specialty

Finance,

Inc

2

.550

10/13/26

823,858‌

1,000,000

Blackstone

Private

Credit

Fund

4

.700

03/24/25

958,590‌

1,500,000

g

Blackstone

Private

Credit

Fund

7

.050

09/29/25

1,488,108‌

1,800,000

Blackstone

Private

Credit

Fund

2

.625

12/15/26

1,489,904‌

1,000,000

Blackstone

Private

Credit

Fund

3

.250

03/15/27

841,961‌

1,000,000

Blackstone

Private

Credit

Fund

4

.000

01/15/29

825,026‌

500,000

Broadstone

Net

Lease

LLC

2

.600

09/15/31

374,680‌

1,000,000

Cedars-Sinai

Health

System

2

.288

08/15/31

801,992‌

225,000

Charter

Communications

Operating

LLC

4

.500

02/01/24

222,343‌

3,650,000

Charter

Communications

Operating

LLC

4

.908

07/23/25

3,577,369‌

950,000

Charter

Communications

Operating

LLC

3

.750

02/15/28

856,622‌

2,750,000

Charter

Communications

Operating

LLC

4

.200

03/15/28

2,527,562‌

650,000

Charter

Communications

Operating

LLC

2

.250

01/15/29

523,170‌

2,000,000

Charter

Communications

Operating

LLC

2

.800

04/01/31

1,557,016‌

1,500,000

Charter

Communications

Operating

LLC

2

.300

02/01/32

1,104,823‌

500,000

e

Charter

Communications

Operating

LLC

4

.400

04/01/33

427,830‌

750,000

Charter

Communications

Operating

LLC

6

.384

10/23/35

731,089‌

1,500,000

Charter

Communications

Operating

LLC

5

.375

04/01/38

1,248,828‌

1,500,000

Charter

Communications

Operating

LLC

3

.500

06/01/41

977,392‌

1,000,000

Charter

Communications

Operating

LLC

3

.500

03/01/42

640,757‌

1,550,000

Charter

Communications

Operating

LLC

6

.484

10/23/45

1,397,750‌

1,400,000

Charter

Communications

Operating

LLC

5

.375

05/01/47

1,098,220‌

1,375,000

Charter

Communications

Operating

LLC

5

.750

04/01/48

1,125,699‌

1,600,000

Charter

Communications

Operating

LLC

5

.125

07/01/49

1,209,859‌

2,500,000

Charter

Communications

Operating

LLC

4

.800

03/01/50

1,814,873‌

2,500,000

Charter

Communications

Operating

LLC

3

.700

04/01/51

1,520,169‌

3,000,000

Charter

Communications

Operating

LLC

3

.900

06/01/52

1,883,479‌

1,000,000

e

Charter

Communications

Operating

LLC

5

.250

04/01/53

771,843‌

2,000,000

Charter

Communications

Operating

LLC

3

.850

04/01/61

1,156,721‌

1,500,000

Charter

Communications

Operating

LLC

4

.400

12/01/61

959,510‌

1,000,000

Charter

Communications

Operating

LLC

3

.950

06/30/62

589,900‌

500,000

Charter

Communications

Operating

LLC

5

.500

04/01/63

381,255‌

1,000,000

Cleco

Securitization

I

LLC

4

.646

09/01/42

914,381‌

2,025,000

Comcast

Corp

3

.700

04/15/24

1,994,133‌

850,000

Comcast

Corp

3

.375

02/15/25

823,997‌

350,000

Comcast

Corp

3

.375

08/15/25

337,591‌

1,550,000

Comcast

Corp

3

.950

10/15/25

1,517,934‌

1,950,000

Comcast

Corp

3

.150

03/01/26

1,856,142‌

1,025,000

Comcast

Corp

2

.350

01/15/27

931,312‌

1,450,000

Comcast

Corp

3

.300

02/01/27

1,366,412‌

750,000

Comcast

Corp

5

.350

11/15/27

765,959‌

900,000

Comcast

Corp

3

.150

02/15/28

830,898‌

2,675,000

Comcast

Corp

4

.150

10/15/28

2,565,183‌

5,000,000

Comcast

Corp

3

.400

04/01/30

4,559,207‌

3,300,000

Comcast

Corp

4

.250

10/15/30

3,156,950‌

1,950,000

Comcast

Corp

1

.950

01/15/31

1,576,151‌

3,850,000

Comcast

Corp

1

.500

02/15/31

2,997,612‌

2,250,000

Comcast

Corp

5

.500

11/15/32

2,346,059‌

1,925,000

Comcast

Corp

4

.250

01/15/33

1,814,423‌

150,000

Comcast

Corp

7

.050

03/15/33

172,755‌

200,000

Comcast

Corp

4

.200

08/15/34

184,641‌

500,000

Comcast

Corp

4

.400

08/15/35

465,362‌

36,000

Comcast

Corp

6

.500

11/15/35

40,045‌

3,475,000

Comcast

Corp

3

.200

07/15/36

2,816,993‌

3,150,000

Comcast

Corp

3

.900

03/01/38

2,714,559‌

1,000,000

Comcast

Corp

3

.250

11/01/39

779,037‌

3,800,000

Comcast

Corp

3

.750

04/01/40

3,133,954‌

1,275,000

Comcast

Corp

3

.400

07/15/46

933,797‌

631,000

Comcast

Corp

3

.969

11/01/47

504,092‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

59

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MEDIA

&

ENTERTAINMENT—continued

$

1,500,000

Comcast

Corp

4

.000

%

03/01/48

$

1,202,729‌

1,407,000

Comcast

Corp

3

.999

11/01/49

1,110,261‌

2,525,000

Comcast

Corp

3

.450

02/01/50

1,831,242‌

425,000

Comcast

Corp

2

.800

01/15/51

268,220‌

2,237,000

Comcast

Corp

2

.887

11/01/51

1,436,702‌

1,050,000

Comcast

Corp

2

.450

08/15/52

611,751‌

2,708,000

Comcast

Corp

2

.937

11/01/56

1,674,696‌

850,000

Comcast

Corp

2

.650

08/15/62

477,948‌

6,758,000

Comcast

Corp

2

.987

11/01/63

4,086,271‌

300,000

Discovery

Communications

LLC

3

.800

03/13/24

293,043‌

200,000

Discovery

Communications

LLC

3

.900

11/15/24

193,557‌

350,000

Discovery

Communications

LLC

3

.450

03/15/25

331,993‌

200,000

Discovery

Communications

LLC

3

.950

06/15/25

190,738‌

500,000

Discovery

Communications

LLC

4

.900

03/11/26

484,858‌

2,275,000

Discovery

Communications

LLC

3

.950

03/20/28

2,019,259‌

1,000,000

Discovery

Communications

LLC

4

.125

05/15/29

866,565‌

250,000

Discovery

Communications

LLC

3

.625

05/15/30

206,022‌

1,400,000

Discovery

Communications

LLC

5

.200

09/20/47

1,039,950‌

1,400,000

Discovery

Communications

LLC

5

.300

05/15/49

1,058,524‌

500,000

Discovery

Communications

LLC

4

.650

05/15/50

343,858‌

1,175,000

Discovery

Communications

LLC

4

.000

09/15/55

706,024‌

1,000,000

Electronic

Arts,

Inc

1

.850

02/15/31

785,987‌

1,000,000

Electronic

Arts,

Inc

2

.950

02/15/51

645,190‌

500,000

Fox

Corp

4

.030

01/25/24

494,202‌

500,000

Fox

Corp

3

.050

04/07/25

477,983‌

2,250,000

Fox

Corp

4

.709

01/25/29

2,174,124‌

500,000

Fox

Corp

3

.500

04/08/30

442,997‌

1,500,000

Fox

Corp

5

.476

01/25/39

1,364,889‌

650,000

Fox

Corp

5

.576

01/25/49

579,924‌

3,000,000

g

GE

Healthcare

Holding

LLC

5

.650

11/15/27

3,035,101‌

1,000,000

g

GE

Healthcare

Holding

LLC

5

.857

03/15/30

1,023,362‌

1,500,000

e,g

GE

Healthcare

Holding

LLC

5

.905

11/22/32

1,554,297‌

1,500,000

g

GE

Healthcare

Holding

LLC

6

.377

11/22/52

1,593,168‌

200,000

Grupo

Televisa

SAB

4

.625

01/30/26

193,815‌

1,100,000

Grupo

Televisa

SAB

5

.000

05/13/45

938,631‌

700,000

Grupo

Televisa

SAB

6

.125

01/31/46

695,113‌

500,000

e

Grupo

Televisa

SAB

5

.250

05/24/49

441,463‌

1,900,000

GSK

Consumer

Healthcare

Capital

US

LLC

3

.375

03/24/27

1,768,816‌

725,000

GSK

Consumer

Healthcare

Capital

US

LLC

3

.375

03/24/29

651,946‌

1,500,000

GSK

Consumer

Healthcare

Capital

US

LLC

3

.625

03/24/32

1,316,817‌

1,000,000

GSK

Consumer

Healthcare

Capital

US

LLC

4

.000

03/24/52

779,912‌

100,000

Interpublic

Group

of

Cos,

Inc

4

.200

04/15/24

98,134‌

350,000

Interpublic

Group

of

Cos,

Inc

4

.650

10/01/28

334,877‌

500,000

Interpublic

Group

of

Cos,

Inc

4

.750

03/30/30

471,699‌

1,000,000

Interpublic

Group

of

Cos,

Inc

2

.400

03/01/31

789,312‌

1,000,000

Interpublic

Group

of

Cos,

Inc

3

.375

03/01/41

701,660‌

400,000

Interpublic

Group

of

Cos,

Inc

5

.400

10/01/48

365,515‌

445,000

Iowa

Health

System

3

.665

02/15/50

322,526‌

2,000,000

g

Magallanes,

Inc

3

.638

03/15/25

1,901,925‌

7,000,000

g

Magallanes,

Inc

3

.755

03/15/27

6,303,706‌

3,325,000

g

Magallanes,

Inc

4

.054

03/15/29

2,876,531‌

2,625,000

g

Magallanes,

Inc

4

.279

03/15/32

2,162,382‌

2,750,000

g

Magallanes,

Inc

5

.050

03/15/42

2,103,976‌

2,850,000

g

Magallanes,

Inc

5

.141

03/15/52

2,071,854‌

2,975,000

g

Magallanes,

Inc

5

.391

03/15/62

2,171,791‌

135,000

MedStar

Health,

Inc

3

.626

08/15/49

97,104‌

1,000,000

Morgan

Stanley

Direct

Lending

Fund

4

.500

02/11/27

923,479‌

870,000

NBC

Universal

Media

LLC

4

.450

01/15/43

764,876‌

1,000,000

Northwestern

Memorial

Healthcare

Obligated

Group

2

.633

07/15/51

634,792‌

425,000

Omnicom

Group,

Inc

3

.650

11/01/24

416,676‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

60

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MEDIA

&

ENTERTAINMENT—continued

$

1,050,000

Omnicom

Group,

Inc

3

.600

%

04/15/26

$

1,007,237‌

750,000

Omnicom

Group,

Inc

2

.450

04/30/30

621,167‌

325,000

Omnicom

Group,

Inc

4

.200

06/01/30

303,050‌

700,000

Omnicom

Group,

Inc

2

.600

08/01/31

572,762‌

1,000,000

Owl

Rock

Capital

Corp

III

3

.125

04/13/27

823,192‌

1,000,000

Owl

Rock

Technology

Finance

Corp

2

.500

01/15/27

815,189‌

200,000

Paramount

Global

3

.375

02/15/28

177,488‌

500,000

PG&E

Recovery

Funding

LLC

5

.256

01/15/38

494,741‌

500,000

PG&E

Recovery

Funding

LLC

5

.536

07/15/47

506,505‌

1,000,000

Phillips

Edison

Grocery

Center

Operating

Partnership

I

LP

2

.625

11/15/31

731,771‌

1,000,000

Rayonier

LP

2

.750

05/17/31

803,363‌

1,000,000

Rexford

Industrial

Realty

LP

2

.125

12/01/30

780,531‌

1,000,000

Safehold

Operating

Partnership

LP

2

.800

06/15/31

767,456‌

425,000

Sentara

Healthcare

2

.927

11/01/51

276,155‌

1,000,000

STERIS

Irish

FinCo

UnLtd

Co

2

.700

03/15/31

810,492‌

1,000,000

STERIS

Irish

FinCo

UnLtd

Co

3

.750

03/15/51

710,559‌

1,000,000

Take-Two

Interactive

Software,

Inc

3

.550

04/14/25

962,359‌

375,000

Take-Two

Interactive

Software,

Inc

3

.700

04/14/27

352,883‌

1,000,000

Take-Two

Interactive

Software,

Inc

4

.000

04/14/32

885,132‌

500,000

Tencent

Music

Entertainment

Group

1

.375

09/03/25

444,554‌

750,000

e

Tencent

Music

Entertainment

Group

2

.000

09/03/30

567,363‌

1,075,000

Time

Warner

Cable

LLC

6

.550

05/01/37

1,023,466‌

400,000

Time

Warner

Cable

LLC

7

.300

07/01/38

396,789‌

500,000

Time

Warner

Cable

LLC

6

.750

06/15/39

473,502‌

890,000

Time

Warner

Cable

LLC

5

.875

11/15/40

775,392‌

475,000

Time

Warner

Cable

LLC

5

.500

09/01/41

394,190‌

2,875,000

Time

Warner

Cable

LLC

4

.500

09/15/42

2,104,801‌

325,000

Time

Warner

Entertainment

Co

LP

8

.375

03/15/23

327,030‌

300,000

Time

Warner

Entertainment

Co

LP

8

.375

07/15/33

333,254‌

800,000

ViacomCBS,

Inc

4

.000

01/15/26

767,093‌

650,000

ViacomCBS,

Inc

2

.900

01/15/27

583,321‌

1,300,000

ViacomCBS,

Inc

3

.700

06/01/28

1,159,288‌

500,000

ViacomCBS,

Inc

4

.200

06/01/29

445,175‌

500,000

ViacomCBS,

Inc

7

.875

07/30/30

533,470‌

1,000,000

ViacomCBS,

Inc

4

.950

01/15/31

888,719‌

1,500,000

ViacomCBS,

Inc

4

.200

05/19/32

1,227,704‌

150,000

ViacomCBS,

Inc

6

.875

04/30/36

145,631‌

200,000

ViacomCBS,

Inc

4

.850

07/01/42

147,954‌

2,179,000

ViacomCBS,

Inc

4

.375

03/15/43

1,500,472‌

625,000

ViacomCBS,

Inc

5

.850

09/01/43

518,991‌

200,000

ViacomCBS,

Inc

4

.900

08/15/44

146,069‌

800,000

ViacomCBS,

Inc

4

.600

01/15/45

558,549‌

1,000,000

ViacomCBS,

Inc

4

.950

05/19/50

727,418‌

875,000

Walt

Disney

Co

3

.150

09/17/25

838,335‌

700,000

Walt

Disney

Co

3

.700

10/15/25

680,171‌

8,000,000

Walt

Disney

Co

1

.750

01/13/26

7,322,190‌

500,000

Walt

Disney

Co

3

.000

02/13/26

473,459‌

475,000

Walt

Disney

Co

1

.850

07/30/26

429,249‌

1,500,000

e

Walt

Disney

Co

2

.950

06/15/27

1,397,052‌

2,000,000

e

Walt

Disney

Co

2

.200

01/13/28

1,779,601‌

425,000

Walt

Disney

Co

2

.000

09/01/29

356,278‌

500,000

Walt

Disney

Co

3

.800

03/22/30

466,010‌

2,000,000

Walt

Disney

Co

2

.650

01/13/31

1,707,129‌

229,000

Walt

Disney

Co

6

.400

12/15/35

250,511‌

325,000

Walt

Disney

Co

6

.650

11/15/37

368,061‌

1,000,000

Walt

Disney

Co

3

.500

05/13/40

805,009‌

1,425,000

Walt

Disney

Co

6

.150

02/15/41

1,541,784‌

100,000

Walt

Disney

Co

4

.375

08/16/41

88,560‌

200,000

Walt

Disney

Co

3

.700

12/01/42

161,225‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

61

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MEDIA

&

ENTERTAINMENT—continued

$

225,000

Walt

Disney

Co

5

.400

%

10/01/43

$

224,517‌

1,275,000

Walt

Disney

Co

4

.125

06/01/44

1,091,575‌

500,000

Walt

Disney

Co

4

.750

09/15/44

461,213‌

300,000

Walt

Disney

Co

4

.950

10/15/45

281,251‌

100,000

Walt

Disney

Co

3

.000

07/30/46

69,824‌

700,000

Walt

Disney

Co

4

.750

11/15/46

635,988‌

1,600,000

Walt

Disney

Co

2

.750

09/01/49

1,058,232‌

3,000,000

Walt

Disney

Co

4

.700

03/23/50

2,753,863‌

2,000,000

Walt

Disney

Co

3

.600

01/13/51

1,522,872‌

1,000,000

Walt

Disney

Co

3

.800

05/13/60

761,729‌

375,000

Weibo

Corp

3

.500

07/05/24

363,245‌

900,000

Weibo

Corp

3

.375

07/08/30

699,192‌

1,500,000

WPP

Finance

2010

3

.750

09/19/24

1,452,551‌

TOTAL

MEDIA

&

ENTERTAINMENT

219,159,557‌

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

1

.2

%

3,350,000

AbbVie,

Inc

3

.800

03/15/25

3,264,942‌

1,575,000

AbbVie,

Inc

3

.600

05/14/25

1,526,407‌

4,150,000

AbbVie,

Inc

3

.200

05/14/26

3,929,337‌

4,000,000

AbbVie,

Inc

2

.950

11/21/26

3,719,937‌

6,750,000

AbbVie,

Inc

3

.200

11/21/29

6,084,950‌

2,250,000

AbbVie,

Inc

4

.550

03/15/35

2,103,928‌

1,925,000

AbbVie,

Inc

4

.500

05/14/35

1,783,138‌

675,000

AbbVie,

Inc

4

.300

05/14/36

607,816‌

3,300,000

AbbVie,

Inc

4

.050

11/21/39

2,824,633‌

2,175,000

AbbVie,

Inc

4

.400

11/06/42

1,886,644‌

1,625,000

AbbVie,

Inc

4

.850

06/15/44

1,488,461‌

1,310,000

AbbVie,

Inc

4

.750

03/15/45

1,176,439‌

925,000

AbbVie,

Inc

4

.700

05/14/45

821,586‌

1,350,000

AbbVie,

Inc

4

.450

05/14/46

1,160,231‌

1,150,000

AbbVie,

Inc

4

.875

11/14/48

1,047,491‌

4,975,000

AbbVie,

Inc

4

.250

11/21/49

4,128,679‌

200,000

Agilent

Technologies,

Inc

3

.050

09/22/26

186,010‌

500,000

Agilent

Technologies,

Inc

2

.750

09/15/29

431,138‌

1,000,000

Agilent

Technologies,

Inc

2

.100

06/04/30

809,136‌

1,000,000

Agilent

Technologies,

Inc

2

.300

03/12/31

806,346‌

950,000

Amgen,

Inc

3

.625

05/22/24

931,227‌

775,000

Amgen,

Inc

3

.125

05/01/25

743,697‌

1,225,000

Amgen,

Inc

2

.600

08/19/26

1,131,859‌

3,250,000

Amgen,

Inc

2

.200

02/21/27

2,915,779‌

775,000

Amgen,

Inc

3

.200

11/02/27

717,540‌

1,500,000

Amgen,

Inc

1

.650

08/15/28

1,250,710‌

1,000,000

Amgen,

Inc

4

.050

08/18/29

934,524‌

1,000,000

Amgen,

Inc

2

.450

02/21/30

841,444‌

500,000

Amgen,

Inc

2

.300

02/25/31

407,241‌

850,000

Amgen,

Inc

3

.350

02/22/32

742,368‌

1,000,000

Amgen,

Inc

4

.200

03/01/33

925,128‌

1,325,000

Amgen,

Inc

3

.150

02/21/40

975,763‌

1,500,000

Amgen,

Inc

2

.800

08/15/41

1,039,216‌

126,000

Amgen,

Inc

5

.150

11/15/41

117,532‌

2,675,000

Amgen,

Inc

4

.400

05/01/45

2,241,169‌

2,128,000

Amgen,

Inc

4

.563

06/15/48

1,816,954‌

2,575,000

Amgen,

Inc

3

.375

02/21/50

1,790,011‌

2,447,000

Amgen,

Inc

4

.663

06/15/51

2,105,370‌

1,000,000

Amgen,

Inc

3

.000

01/15/52

638,236‌

1,000,000

Amgen,

Inc

4

.200

02/22/52

792,995‌

1,000,000

Amgen,

Inc

4

.875

03/01/53

886,874‌

172,000

Amgen,

Inc

2

.770

09/01/53

103,518‌

1,000,000

Amgen,

Inc

4

.400

02/22/62

791,171‌

2,000,000

AstraZeneca

Finance

LLC

1

.200

05/28/26

1,780,622‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

62

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES—continued

$

2,000,000

AstraZeneca

Finance

LLC

1

.750

%

05/28/28

$

1,716,693‌

350,000

AstraZeneca

plc

3

.375

11/16/25

337,714‌

1,000,000

AstraZeneca

plc

0

.700

04/08/26

879,122‌

950,000

AstraZeneca

plc

3

.125

06/12/27

892,032‌

1,700,000

AstraZeneca

plc

4

.000

01/17/29

1,631,485‌

1,000,000

AstraZeneca

plc

1

.375

08/06/30

790,026‌

1,900,000

AstraZeneca

plc

6

.450

09/15/37

2,141,807‌

625,000

AstraZeneca

plc

4

.000

09/18/42

540,261‌

500,000

AstraZeneca

plc

4

.375

11/16/45

448,752‌

750,000

AstraZeneca

plc

4

.375

08/17/48

665,934‌

600,000

AstraZeneca

plc

2

.125

08/06/50

351,402‌

1,500,000

AstraZeneca

plc

3

.000

05/28/51

1,051,838‌

449,000

Baxalta,

Inc

4

.000

06/23/25

437,290‌

149,000

Baxalta,

Inc

5

.250

06/23/45

142,380‌

875,000

Biogen,

Inc

4

.050

09/15/25

850,570‌

1,800,000

Biogen,

Inc

2

.250

05/01/30

1,466,444‌

1,375,000

Biogen,

Inc

3

.150

05/01/50

893,806‌

1,346,000

Biogen,

Inc

3

.250

02/15/51

900,827‌

200,000

Bristol-Myers

Squibb

Co

3

.250

11/01/23

197,170‌

5,350,000

Bristol-Myers

Squibb

Co

2

.900

07/26/24

5,193,439‌

2,000,000

Bristol-Myers

Squibb

Co

0

.750

11/13/25

1,797,156‌

1,000,000

Bristol-Myers

Squibb

Co

1

.125

11/13/27

854,056‌

1,275,000

Bristol-Myers

Squibb

Co

3

.900

02/20/28

1,227,631‌

874,000

Bristol-Myers

Squibb

Co

3

.400

07/26/29

808,837‌

1,150,000

Bristol-Myers

Squibb

Co

1

.450

11/13/30

909,008‌

1,400,000

Bristol-Myers

Squibb

Co

2

.950

03/15/32

1,217,959‌

1,700,000

Bristol-Myers

Squibb

Co

4

.125

06/15/39

1,512,603‌

125,000

Bristol-Myers

Squibb

Co

2

.350

11/13/40

85,942‌

375,000

Bristol-Myers

Squibb

Co

3

.550

03/15/42

304,368‌

650,000

Bristol-Myers

Squibb

Co

3

.250

08/01/42

496,139‌

500,000

Bristol-Myers

Squibb

Co

4

.350

11/15/47

440,491‌

1,786,000

Bristol-Myers

Squibb

Co

4

.550

02/20/48

1,605,883‌

2,400,000

Bristol-Myers

Squibb

Co

4

.250

10/26/49

2,062,416‌

1,500,000

Bristol-Myers

Squibb

Co

2

.550

11/13/50

939,561‌

2,075,000

Bristol-Myers

Squibb

Co

3

.700

03/15/52

1,614,049‌

1,000,000

Bristol-Myers

Squibb

Co

3

.900

03/15/62

768,718‌

200,000

Danaher

Corp

3

.350

09/15/25

192,509‌

200,000

Danaher

Corp

4

.375

09/15/45

177,439‌

400,000

Danaher

Corp

2

.600

10/01/50

255,088‌

750,000

Danaher

Corp

2

.800

12/10/51

495,570‌

975,000

Eli

Lilly

&

Co

2

.750

06/01/25

931,950‌

950,000

Eli

Lilly

&

Co

3

.100

05/15/27

892,717‌

1,300,000

Eli

Lilly

&

Co

2

.250

05/15/50

814,415‌

750,000

Eli

Lilly

&

Co

2

.500

09/15/60

452,050‌

800,000

Gilead

Sciences,

Inc

3

.700

04/01/24

786,500‌

575,000

Gilead

Sciences,

Inc

3

.500

02/01/25

556,744‌

1,125,000

Gilead

Sciences,

Inc

3

.650

03/01/26

1,084,575‌

525,000

Gilead

Sciences,

Inc

2

.950

03/01/27

488,392‌

5,815,000

Gilead

Sciences,

Inc

1

.650

10/01/30

4,611,143‌

450,000

Gilead

Sciences,

Inc

4

.600

09/01/35

427,425‌

1,300,000

Gilead

Sciences,

Inc

4

.000

09/01/36

1,145,895‌

325,000

Gilead

Sciences,

Inc

2

.600

10/01/40

226,750‌

250,000

Gilead

Sciences,

Inc

5

.650

12/01/41

255,045‌

1,025,000

Gilead

Sciences,

Inc

4

.800

04/01/44

939,922‌

950,000

Gilead

Sciences,

Inc

4

.500

02/01/45

835,777‌

925,000

Gilead

Sciences,

Inc

4

.750

03/01/46

832,433‌

1,525,000

Gilead

Sciences,

Inc

4

.150

03/01/47

1,259,528‌

2,600,000

Gilead

Sciences,

Inc

2

.800

10/01/50

1,662,271‌

2,900,000

GlaxoSmithKline

Capital

plc

3

.375

06/01/29

2,673,226‌

950,000

GlaxoSmithKline

Capital,

Inc

3

.625

05/15/25

927,621‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

63

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES—continued

$

925,000

GlaxoSmithKline

Capital,

Inc

3

.875

%

05/15/28

$

886,902‌

350,000

GlaxoSmithKline

Capital,

Inc

5

.375

04/15/34

359,255‌

1,243,000

GlaxoSmithKline

Capital,

Inc

6

.375

05/15/38

1,406,091‌

850,000

GlaxoSmithKline

Capital,

Inc

4

.200

03/18/43

739,277‌

1,500,000

Illumina,

Inc

2

.550

03/23/31

1,200,852‌

950,000

Johnson

&

Johnson

3

.375

12/05/23

935,953‌

2,000,000

Johnson

&

Johnson

0

.550

09/01/25

1,806,175‌

1,000,000

Johnson

&

Johnson

2

.450

03/01/26

939,745‌

2,000,000

Johnson

&

Johnson

0

.950

09/01/27

1,722,056‌

2,000,000

Johnson

&

Johnson

1

.300

09/01/30

1,612,262‌

1,000,000

Johnson

&

Johnson

4

.375

12/05/33

983,134‌

250,000

Johnson

&

Johnson

3

.550

03/01/36

221,506‌

450,000

Johnson

&

Johnson

3

.625

03/03/37

399,784‌

250,000

Johnson

&

Johnson

5

.950

08/15/37

278,149‌

675,000

Johnson

&

Johnson

3

.400

01/15/38

572,917‌

375,000

Johnson

&

Johnson

5

.850

07/15/38

416,416‌

1,000,000

Johnson

&

Johnson

2

.100

09/01/40

688,032‌

300,000

Johnson

&

Johnson

4

.500

12/05/43

285,883‌

1,200,000

Johnson

&

Johnson

3

.700

03/01/46

1,006,696‌

1,625,000

Johnson

&

Johnson

3

.750

03/03/47

1,367,680‌

2,100,000

Johnson

&

Johnson

3

.500

01/15/48

1,710,296‌

1,500,000

Johnson

&

Johnson

2

.250

09/01/50

928,185‌

1,000,000

Johnson

&

Johnson

2

.450

09/01/60

610,364‌

1,450,000

Merck

&

Co,

Inc

2

.750

02/10/25

1,389,481‌

2,875,000

Merck

&

Co,

Inc

0

.750

02/24/26

2,545,530‌

2,000,000

Merck

&

Co,

Inc

1

.700

06/10/27

1,773,045‌

1,500,000

Merck

&

Co,

Inc

1

.900

12/10/28

1,287,841‌

3,175,000

Merck

&

Co,

Inc

1

.450

06/24/30

2,533,147‌

1,150,000

Merck

&

Co,

Inc

2

.150

12/10/31

939,083‌

1,475,000

Merck

&

Co,

Inc

3

.900

03/07/39

1,294,415‌

425,000

Merck

&

Co,

Inc

2

.350

06/24/40

295,653‌

100,000

Merck

&

Co,

Inc

3

.600

09/15/42

81,916‌

925,000

Merck

&

Co,

Inc

4

.150

05/18/43

819,069‌

1,825,000

Merck

&

Co,

Inc

3

.700

02/10/45

1,500,987‌

1,600,000

Merck

&

Co,

Inc

4

.000

03/07/49

1,362,852‌

375,000

Merck

&

Co,

Inc

2

.450

06/24/50

236,901‌

625,000

Merck

&

Co,

Inc

2

.750

12/10/51

417,587‌

1,100,000

Merck

&

Co,

Inc

2

.900

12/10/61

699,086‌

2,800,000

Mylan

NV

3

.950

06/15/26

2,617,621‌

750,000

Mylan

NV

5

.250

06/15/46

567,091‌

500,000

Mylan,

Inc

4

.550

04/15/28

462,539‌

700,000

Mylan,

Inc

5

.200

04/15/48

521,276‌

725,000

Novartis

Capital

Corp

3

.000

11/20/25

694,973‌

3,500,000

Novartis

Capital

Corp

2

.000

02/14/27

3,183,172‌

2,300,000

Novartis

Capital

Corp

3

.100

05/17/27

2,179,321‌

1,000,000

Novartis

Capital

Corp

2

.200

08/14/30

850,536‌

400,000

Novartis

Capital

Corp

3

.700

09/21/42

337,353‌

1,025,000

Novartis

Capital

Corp

4

.400

05/06/44

951,090‌

1,000,000

Novartis

Capital

Corp

4

.000

11/20/45

877,302‌

750,000

Novartis

Capital

Corp

2

.750

08/14/50

518,733‌

500,000

PerkinElmer,

Inc

3

.300

09/15/29

435,121‌

1,000,000

PerkinElmer,

Inc

2

.550

03/15/31

808,337‌

300,000

PerkinElmer,

Inc

2

.250

09/15/31

235,059‌

1,000,000

PerkinElmer,

Inc

3

.625

03/15/51

692,925‌

1,175,000

Pfizer,

Inc

3

.400

05/15/24

1,151,889‌

3,000,000

Pfizer,

Inc

0

.800

05/28/25

2,747,341‌

350,000

Pfizer,

Inc

2

.750

06/03/26

329,947‌

2,850,000

Pfizer,

Inc

3

.000

12/15/26

2,696,545‌

950,000

Pfizer,

Inc

3

.600

09/15/28

908,491‌

1,550,000

Pfizer,

Inc

3

.450

03/15/29

1,461,672‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

64

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES—continued

$

1,500,000

Pfizer,

Inc

1

.750

%

08/18/31

$

1,204,127‌

425,000

Pfizer,

Inc

4

.000

12/15/36

387,586‌

500,000

Pfizer,

Inc

4

.100

09/15/38

453,117‌

875,000

Pfizer,

Inc

3

.900

03/15/39

771,754‌

350,000

Pfizer,

Inc

7

.200

03/15/39

423,202‌

1,250,000

Pfizer,

Inc

2

.550

05/28/40

903,848‌

625,000

Pfizer,

Inc

4

.300

06/15/43

574,066‌

1,100,000

Pfizer,

Inc

4

.400

05/15/44

1,018,448‌

1,875,000

Pfizer,

Inc

4

.125

12/15/46

1,647,634‌

1,200,000

Pfizer,

Inc

4

.200

09/15/48

1,067,770‌

2,100,000

Pfizer,

Inc

4

.000

03/15/49

1,813,911‌

1,000,000

Pfizer,

Inc

2

.700

05/28/50

676,122‌

1,000,000

Regeneron

Pharmaceuticals,

Inc

1

.750

09/15/30

772,368‌

500,000

Regeneron

Pharmaceuticals,

Inc

2

.800

09/15/50

310,104‌

1,000,000

Royalty

Pharma

plc

0

.750

09/02/23

968,785‌

1,000,000

Royalty

Pharma

plc

1

.200

09/02/25

894,941‌

375,000

Royalty

Pharma

plc

2

.200

09/02/30

293,086‌

1,000,000

Royalty

Pharma

plc

3

.300

09/02/40

694,028‌

1,000,000

Royalty

Pharma

plc

3

.550

09/02/50

639,053‌

1,000,000

Royalty

Pharma

plc

3

.350

09/02/51

616,465‌

500,000

Sanofi

3

.625

06/19/28

476,965‌

333,000

Takeda

Pharmaceutical

Co

Ltd

4

.400

11/26/23

330,326‌

2,100,000

Takeda

Pharmaceutical

Co

Ltd

5

.000

11/26/28

2,082,086‌

700,000

Takeda

Pharmaceutical

Co

Ltd

2

.050

03/31/30

571,375‌

2,050,000

Takeda

Pharmaceutical

Co

Ltd

3

.025

07/09/40

1,504,407‌

1,150,000

Takeda

Pharmaceutical

Co

Ltd

3

.175

07/09/50

775,605‌

1,000,000

Takeda

Pharmaceutical

Co

Ltd

3

.375

07/09/60

669,044‌

3,000,000

Thermo

Fisher

Scientific,

Inc

1

.215

10/18/24

2,815,530‌

1,000,000

Thermo

Fisher

Scientific,

Inc

1

.750

10/15/28

846,901‌

1,500,000

Thermo

Fisher

Scientific,

Inc

2

.600

10/01/29

1,321,479‌

275,000

Thermo

Fisher

Scientific,

Inc

2

.000

10/15/31

222,714‌

1,500,000

Thermo

Fisher

Scientific,

Inc

2

.800

10/15/41

1,103,935‌

200,000

Thermo

Fisher

Scientific,

Inc

5

.300

02/01/44

201,361‌

200,000

Thermo

Fisher

Scientific,

Inc

4

.100

08/15/47

173,957‌

1,000,000

Viatris,

Inc

1

.650

06/22/25

905,693‌

400,000

Viatris,

Inc

2

.300

06/22/27

341,780‌

375,000

Viatris,

Inc

2

.700

06/22/30

293,188‌

600,000

Viatris,

Inc

3

.850

06/22/40

402,299‌

1,950,000

Viatris,

Inc

4

.000

06/22/50

1,201,469‌

1,000,000

Wyeth

LLC

6

.450

02/01/24

1,017,763‌

150,000

Wyeth

LLC

6

.500

02/01/34

168,137‌

275,000

Wyeth

LLC

5

.950

04/01/37

295,731‌

300,000

Zoetis,

Inc

4

.500

11/13/25

298,885‌

425,000

Zoetis,

Inc

3

.000

09/12/27

392,907‌

500,000

Zoetis,

Inc

3

.900

08/20/28

474,942‌

2,000,000

Zoetis,

Inc

5

.600

11/16/32

2,073,253‌

900,000

Zoetis,

Inc

4

.700

02/01/43

807,023‌

650,000

Zoetis,

Inc

3

.950

09/12/47

523,404‌

200,000

Zoetis,

Inc

4

.450

08/20/48

172,123‌

375,000

Zoetis,

Inc

3

.000

05/15/50

253,314‌

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

229,837,539‌

REAL

ESTATE

-

0

.9

%

550,000

Agree

LP

2

.000

06/15/28

450,357‌

150,000

Agree

LP

2

.900

10/01/30

121,768‌

200,000

Agree

LP

4

.800

10/01/32

185,026‌

100,000

Alexandria

Real

Estate

Equities,

Inc

3

.450

04/30/25

96,709‌

200,000

Alexandria

Real

Estate

Equities,

Inc

4

.300

01/15/26

194,813‌

500,000

e

Alexandria

Real

Estate

Equities,

Inc

3

.800

04/15/26

483,488‌

200,000

Alexandria

Real

Estate

Equities,

Inc

4

.500

07/30/29

189,362‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

65

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

REAL

ESTATE—continued

$

425,000

Alexandria

Real

Estate

Equities,

Inc

2

.750

%

12/15/29

$

361,376‌

100,000

Alexandria

Real

Estate

Equities,

Inc

4

.700

07/01/30

95,869‌

275,000

Alexandria

Real

Estate

Equities,

Inc

3

.375

08/15/31

239,995‌

1,500,000

Alexandria

Real

Estate

Equities,

Inc

2

.000

05/18/32

1,148,567‌

450,000

Alexandria

Real

Estate

Equities,

Inc

1

.875

02/01/33

334,598‌

800,000

Alexandria

Real

Estate

Equities,

Inc

2

.950

03/15/34

648,405‌

500,000

Alexandria

Real

Estate

Equities,

Inc

4

.850

04/15/49

423,343‌

700,000

Alexandria

Real

Estate

Equities,

Inc

4

.000

02/01/50

530,481‌

1,000,000

Alexandria

Real

Estate

Equities,

Inc

3

.000

05/18/51

632,236‌

1,500,000

Alexandria

Real

Estate

Equities,

Inc

3

.550

03/15/52

1,068,932‌

500,000

American

Homes

4

Rent

LP

4

.900

02/15/29

472,543‌

250,000

American

Homes

4

Rent

LP

2

.375

07/15/31

192,832‌

750,000

American

Homes

4

Rent

LP

3

.625

04/15/32

630,874‌

250,000

American

Homes

4

Rent

LP

3

.375

07/15/51

155,571‌

500,000

American

Homes

4

Rent

LP

4

.300

04/15/52

366,462‌

1,500,000

American

Tower

Corp

0

.600

01/15/24

1,429,795‌

450,000

American

Tower

Corp

5

.000

02/15/24

448,342‌

350,000

American

Tower

Corp

3

.375

05/15/24

340,584‌

750,000

American

Tower

Corp

2

.400

03/15/25

705,580‌

525,000

American

Tower

Corp

4

.000

06/01/25

511,518‌

1,350,000

American

Tower

Corp

1

.300

09/15/25

1,218,612‌

200,000

American

Tower

Corp

4

.400

02/15/26

194,886‌

1,000,000

American

Tower

Corp

1

.600

04/15/26

889,089‌

1,000,000

American

Tower

Corp

1

.450

09/15/26

872,544‌

425,000

American

Tower

Corp

3

.375

10/15/26

397,358‌

750,000

American

Tower

Corp

2

.750

01/15/27

679,883‌

500,000

American

Tower

Corp

3

.125

01/15/27

458,116‌

500,000

American

Tower

Corp

3

.650

03/15/27

466,990‌

150,000

American

Tower

Corp

3

.550

07/15/27

138,900‌

350,000

American

Tower

Corp

3

.950

03/15/29

322,650‌

750,000

American

Tower

Corp

2

.900

01/15/30

635,149‌

750,000

American

Tower

Corp

2

.100

06/15/30

593,660‌

725,000

American

Tower

Corp

1

.875

10/15/30

559,479‌

1,000,000

American

Tower

Corp

2

.700

04/15/31

813,953‌

1,000,000

American

Tower

Corp

2

.300

09/15/31

777,368‌

500,000

American

Tower

Corp

4

.050

03/15/32

445,898‌

1,350,000

American

Tower

Corp

3

.700

10/15/49

957,533‌

425,000

American

Tower

Corp

3

.100

06/15/50

267,427‌

1,000,000

American

Tower

Corp

2

.950

01/15/51

619,111‌

200,000

AvalonBay

Communities,

Inc

3

.500

11/15/24

194,618‌

200,000

AvalonBay

Communities,

Inc

2

.950

05/11/26

185,912‌

100,000

AvalonBay

Communities,

Inc

2

.900

10/15/26

91,609‌

1,200,000

AvalonBay

Communities,

Inc

3

.350

05/15/27

1,114,672‌

200,000

AvalonBay

Communities,

Inc

3

.200

01/15/28

182,818‌

500,000

AvalonBay

Communities,

Inc

1

.900

12/01/28

418,355‌

750,000

AvalonBay

Communities,

Inc

3

.300

06/01/29

671,336‌

750,000

AvalonBay

Communities,

Inc

2

.300

03/01/30

622,830‌

800,000

e

AvalonBay

Communities,

Inc

2

.050

01/15/32

627,804‌

450,000

AvalonBay

Communities,

Inc

5

.000

02/15/33

442,762‌

400,000

AvalonBay

Communities,

Inc

4

.150

07/01/47

318,704‌

200,000

AvalonBay

Communities,

Inc

4

.350

04/15/48

163,053‌

425,000

Boston

Properties

LP

3

.125

09/01/23

418,359‌

200,000

Boston

Properties

LP

3

.800

02/01/24

196,423‌

1,500,000

Boston

Properties

LP

3

.200

01/15/25

1,434,697‌

275,000

Boston

Properties

LP

3

.650

02/01/26

260,670‌

700,000

Boston

Properties

LP

2

.750

10/01/26

630,408‌

500,000

Boston

Properties

LP

6

.750

12/01/27

515,553‌

550,000

Boston

Properties

LP

4

.500

12/01/28

509,871‌

50,000

Boston

Properties

LP

3

.400

06/21/29

43,060‌

750,000

Boston

Properties

LP

2

.900

03/15/30

613,054‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

66

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

REAL

ESTATE—continued

$

1,000,000

Boston

Properties

LP

3

.250

%

01/30/31

$

826,679‌

1,000,000

Boston

Properties

LP

2

.550

04/01/32

760,252‌

1,000,000

Boston

Properties

LP

2

.450

10/01/33

719,350‌

500,000

Brandywine

Operating

Partnership

LP

4

.100

10/01/24

475,757‌

100,000

Brandywine

Operating

Partnership

LP

3

.950

11/15/27

83,935‌

1,000,000

Brandywine

Operating

Partnership

LP

7

.550

03/15/28

980,679‌

500,000

Brandywine

Operating

Partnership

LP

4

.550

10/01/29

418,003‌

900,000

Brixmor

Operating

Partnership

LP

3

.650

06/15/24

872,286‌

200,000

Brixmor

Operating

Partnership

LP

3

.850

02/01/25

191,904‌

225,000

Brixmor

Operating

Partnership

LP

4

.125

06/15/26

212,154‌

300,000

Brixmor

Operating

Partnership

LP

3

.900

03/15/27

274,376‌

100,000

Brixmor

Operating

Partnership

LP

2

.250

04/01/28

82,524‌

600,000

Brixmor

Operating

Partnership

LP

4

.125

05/15/29

536,437‌

940,000

Brixmor

Operating

Partnership

LP

4

.050

07/01/30

822,317‌

100,000

Brixmor

Operating

Partnership

LP

2

.500

08/16/31

76,484‌

100,000

Camden

Property

Trust

4

.100

10/15/28

94,444‌

325,000

Camden

Property

Trust

3

.150

07/01/29

289,647‌

100,000

Camden

Property

Trust

2

.800

05/15/30

86,043‌

500,000

Camden

Property

Trust

3

.350

11/01/49

348,442‌

500,000

CBRE

Services,

Inc

4

.875

03/01/26

493,625‌

1,000,000

CBRE

Services,

Inc

2

.500

04/01/31

788,195‌

1,000,000

Corporate

Office

Properties

LP

2

.250

03/15/26

876,723‌

1,000,000

Corporate

Office

Properties

LP

2

.000

01/15/29

766,900‌

175,000

Corporate

Office

Properties

LP

2

.750

04/15/31

130,970‌

500,000

Crown

Castle

International

Corp

3

.200

09/01/24

482,813‌

1,000,000

Crown

Castle

International

Corp

1

.350

07/15/25

909,707‌

975,000

Crown

Castle

International

Corp

4

.450

02/15/26

952,821‌

250,000

Crown

Castle

International

Corp

3

.700

06/15/26

237,709‌

1,500,000

Crown

Castle

International

Corp

1

.050

07/15/26

1,296,006‌

100,000

Crown

Castle

International

Corp

4

.000

03/01/27

95,365‌

525,000

Crown

Castle

International

Corp

3

.650

09/01/27

487,640‌

775,000

Crown

Castle

International

Corp

3

.800

02/15/28

720,259‌

300,000

Crown

Castle

International

Corp

4

.300

02/15/29

283,302‌

500,000

Crown

Castle

International

Corp

3

.100

11/15/29

435,823‌

275,000

Crown

Castle

International

Corp

3

.300

07/01/30

240,568‌

1,050,000

Crown

Castle

International

Corp

2

.250

01/15/31

842,344‌

1,500,000

Crown

Castle

International

Corp

2

.100

04/01/31

1,182,215‌

1,000,000

Crown

Castle

International

Corp

2

.500

07/15/31

805,856‌

1,000,000

Crown

Castle

International

Corp

2

.900

04/01/41

685,061‌

200,000

Crown

Castle

International

Corp

4

.750

05/15/47

169,628‌

300,000

Crown

Castle

International

Corp

5

.200

02/15/49

269,669‌

500,000

Crown

Castle

International

Corp

4

.000

11/15/49

377,705‌

200,000

Crown

Castle

International

Corp

4

.150

07/01/50

155,012‌

875,000

Crown

Castle

International

Corp

3

.250

01/15/51

568,902‌

200,000

CubeSmart

LP

3

.125

09/01/26

183,630‌

600,000

CubeSmart

LP

2

.250

12/15/28

494,497‌

100,000

CubeSmart

LP

4

.375

02/15/29

92,217‌

250,000

CubeSmart

LP

3

.000

02/15/30

208,046‌

450,000

CubeSmart

LP

2

.000

02/15/31

339,014‌

700,000

CubeSmart

LP

2

.500

02/15/32

535,147‌

475,000

Digital

Realty

Trust

LP

3

.700

08/15/27

440,777‌

1,300,000

Digital

Realty

Trust

LP

5

.550

01/15/28

1,308,595‌

300,000

e

Digital

Realty

Trust

LP

4

.450

07/15/28

284,023‌

1,000,000

e

Digital

Realty

Trust

LP

3

.600

07/01/29

893,185‌

1,000,000

EPR

Properties

3

.600

11/15/31

724,501‌

525,000

Equinix,

Inc

1

.000

09/15/25

469,492‌

2,000,000

Equinix,

Inc

1

.450

05/15/26

1,758,270‌

650,000

Equinix,

Inc

2

.900

11/18/26

594,098‌

800,000

Equinix,

Inc

1

.550

03/15/28

661,212‌

2,000,000

Equinix,

Inc

2

.000

05/15/28

1,688,299‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

67

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

REAL

ESTATE—continued

$

1,000,000

e

Equinix,

Inc

3

.200

%

11/18/29

$

870,421‌

175,000

Equinix,

Inc

2

.150

07/15/30

139,219‌

1,000,000

Equinix,

Inc

2

.500

05/15/31

803,491‌

1,500,000

Equinix,

Inc

3

.400

02/15/52

1,021,674‌

700,000

ERP

Operating

LP

3

.375

06/01/25

672,416‌

200,000

ERP

Operating

LP

2

.850

11/01/26

185,304‌

1,150,000

ERP

Operating

LP

3

.250

08/01/27

1,053,111‌

500,000

ERP

Operating

LP

3

.500

03/01/28

460,743‌

200,000

ERP

Operating

LP

4

.150

12/01/28

186,499‌

750,000

ERP

Operating

LP

3

.000

07/01/29

655,361‌

300,000

ERP

Operating

LP

2

.500

02/15/30

250,240‌

500,000

ERP

Operating

LP

1

.850

08/01/31

388,878‌

425,000

ERP

Operating

LP

4

.500

07/01/44

358,818‌

100,000

ERP

Operating

LP

4

.000

08/01/47

77,067‌

650,000

Essential

Properties

LP

2

.950

07/15/31

472,631‌

100,000

Essex

Portfolio

LP

3

.250

05/01/23

99,238‌

400,000

Essex

Portfolio

LP

3

.500

04/01/25

385,726‌

100,000

Essex

Portfolio

LP

3

.375

04/15/26

94,018‌

200,000

Essex

Portfolio

LP

3

.625

05/01/27

186,860‌

900,000

Essex

Portfolio

LP

4

.000

03/01/29

820,188‌

325,000

Essex

Portfolio

LP

3

.000

01/15/30

274,843‌

750,000

Essex

Portfolio

LP

1

.650

01/15/31

559,579‌

1,000,000

Essex

Portfolio

LP

2

.550

06/15/31

789,588‌

300,000

Essex

Portfolio

LP

4

.500

03/15/48

236,579‌

500,000

Extra

Space

Storage

LP

3

.900

04/01/29

447,871‌

700,000

Extra

Space

Storage

LP

2

.550

06/01/31

547,589‌

500,000

Extra

Space

Storage

LP

2

.350

03/15/32

378,353‌

500,000

Federal

Realty

Investment

Trust

3

.950

01/15/24

493,493‌

300,000

Federal

Realty

Investment

Trust

1

.250

02/15/26

264,217‌

50,000

Federal

Realty

Investment

Trust

3

.250

07/15/27

45,951‌

1,300,000

Federal

Realty

Investment

Trust

3

.200

06/15/29

1,124,860‌

300,000

Federal

Realty

Investment

Trust

3

.500

06/01/30

256,685‌

200,000

Federal

Realty

Investment

Trust

4

.500

12/01/44

156,685‌

250,000

GLP

Capital

LP

3

.350

09/01/24

239,585‌

1,300,000

GLP

Capital

LP

5

.250

06/01/25

1,277,919‌

150,000

GLP

Capital

LP

5

.375

04/15/26

147,160‌

750,000

GLP

Capital

LP

5

.750

06/01/28

735,397‌

200,000

GLP

Capital

LP

5

.300

01/15/29

189,268‌

500,000

GLP

Capital

LP

4

.000

01/15/30

437,907‌

500,000

GLP

Capital

LP

4

.000

01/15/31

428,900‌

750,000

GLP

Capital

LP

3

.250

01/15/32

599,539‌

100,000

Healthcare

Realty

Holdings

LP

3

.625

01/15/28

88,664‌

100,000

Healthcare

Realty

Holdings

LP

2

.400

03/15/30

78,035‌

175,000

Healthcare

Realty

Holdings

LP

2

.050

03/15/31

127,925‌

800,000

Healthcare

Trust

of

America

Holdings

LP

3

.500

08/01/26

744,606‌

500,000

Healthcare

Trust

of

America

Holdings

LP

3

.100

02/15/30

417,482‌

975,000

e

Healthcare

Trust

of

America

Holdings

LP

2

.000

03/15/31

738,108‌

100,000

Healthpeak

Properties,

Inc

3

.250

07/15/26

94,391‌

1,500,000

Healthpeak

Properties,

Inc

1

.350

02/01/27

1,298,431‌

325,000

Healthpeak

Properties,

Inc

2

.125

12/01/28

272,439‌

600,000

Healthpeak

Properties,

Inc

3

.500

07/15/29

533,956‌

1,000,000

Healthpeak

Properties,

Inc

3

.000

01/15/30

859,992‌

175,000

Healthpeak

Properties,

Inc

2

.875

01/15/31

146,253‌

30,000

Healthpeak

Properties,

Inc

6

.750

02/01/41

30,848‌

100,000

Highwoods

Realty

LP

3

.875

03/01/27

92,803‌

150,000

Highwoods

Realty

LP

4

.125

03/15/28

135,474‌

250,000

Highwoods

Realty

LP

4

.200

04/15/29

217,854‌

500,000

Highwoods

Realty

LP

3

.050

02/15/30

398,260‌

775,000

Highwoods

Realty

LP

2

.600

02/01/31

580,062‌

700,000

Host

Hotels

&

Resorts

LP

3

.875

04/01/24

681,300‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

68

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

REAL

ESTATE—continued

$

200,000

Host

Hotels

&

Resorts

LP

4

.000

%

06/15/25

$

192,181‌

100,000

Host

Hotels

&

Resorts

LP

4

.500

02/01/26

95,820‌

500,000

Host

Hotels

&

Resorts

LP

3

.375

12/15/29

417,988‌

850,000

Host

Hotels

&

Resorts

LP

3

.500

09/15/30

701,478‌

200,000

Host

Hotels

&

Resorts

LP

2

.900

12/15/31

152,993‌

100,000

Hudson

Pacific

Properties

LP

3

.950

11/01/27

85,087‌

500,000

Hudson

Pacific

Properties

LP

5

.950

02/15/28

466,819‌

100,000

Hudson

Pacific

Properties

LP

4

.650

04/01/29

85,435‌

750,000

Hudson

Pacific

Properties

LP

3

.250

01/15/30

568,469‌

300,000

Invitation

Homes

Operating

Partnership

LP

2

.300

11/15/28

248,067‌

500,000

Invitation

Homes

Operating

Partnership

LP

2

.000

08/15/31

369,498‌

575,000

Invitation

Homes

Operating

Partnership

LP

4

.150

04/15/32

503,059‌

750,000

Invitation

Homes

Operating

Partnership

LP

2

.700

01/15/34

546,783‌

125,000

Kilroy

Realty

LP

3

.450

12/15/24

119,645‌

250,000

Kilroy

Realty

LP

4

.750

12/15/28

226,801‌

200,000

Kilroy

Realty

LP

4

.250

08/15/29

175,136‌

750,000

Kilroy

Realty

LP

3

.050

02/15/30

600,040‌

500,000

Kilroy

Realty

LP

2

.500

11/15/32

355,020‌

1,000,000

Kilroy

Realty

LP

2

.650

11/15/33

693,816‌

200,000

Kimco

Realty

Corp

2

.700

03/01/24

193,558‌

625,000

Kimco

Realty

Corp

2

.800

10/01/26

572,788‌

200,000

Kimco

Realty

Corp

3

.800

04/01/27

186,801‌

500,000

Kimco

Realty

Corp

1

.900

03/01/28

418,637‌

750,000

Kimco

Realty

Corp

2

.700

10/01/30

611,297‌

1,000,000

Kimco

Realty

Corp

2

.250

12/01/31

767,733‌

500,000

Kimco

Realty

Corp

4

.600

02/01/33

457,258‌

200,000

Kimco

Realty

Corp

4

.250

04/01/45

152,261‌

175,000

Kimco

Realty

Corp

4

.125

12/01/46

128,196‌

100,000

Kimco

Realty

Corp

4

.450

09/01/47

77,021‌

500,000

Kimco

Realty

Corp

3

.700

10/01/49

341,310‌

750,000

Lexington

Realty

Trust

2

.700

09/15/30

597,413‌

200,000

Life

Storage

LP

3

.875

12/15/27

185,056‌

500,000

Life

Storage

LP

4

.000

06/15/29

447,867‌

100,000

Life

Storage

LP

2

.200

10/15/30

77,686‌

450,000

Life

Storage

LP

2

.400

10/15/31

346,185‌

200,000

Mid-America

Apartments

LP

4

.300

10/15/23

198,818‌

100,000

Mid-America

Apartments

LP

4

.000

11/15/25

97,180‌

1,000,000

Mid-America

Apartments

LP

1

.100

09/15/26

864,801‌

750,000

Mid-America

Apartments

LP

3

.600

06/01/27

710,598‌

200,000

Mid-America

Apartments

LP

4

.200

06/15/28

189,624‌

625,000

Mid-America

Apartments

LP

3

.950

03/15/29

586,620‌

175,000

Mid-America

Apartments

LP

2

.750

03/15/30

148,804‌

250,000

Mid-America

Apartments

LP

1

.700

02/15/31

194,916‌

150,000

Mid-America

Apartments

LP

2

.875

09/15/51

95,599‌

500,000

National

Health

Investors,

Inc

3

.000

02/01/31

360,457‌

1,550,000

National

Retail

Properties,

Inc

3

.500

10/15/27

1,405,675‌

300,000

National

Retail

Properties,

Inc

2

.500

04/15/30

243,169‌

500,000

National

Retail

Properties,

Inc

3

.100

04/15/50

306,601‌

1,000,000

National

Retail

Properties,

Inc

3

.000

04/15/52

595,056‌

248,000

Omega

Healthcare

Investors,

Inc

4

.375

08/01/23

246,590‌

200,000

Omega

Healthcare

Investors,

Inc

4

.500

04/01/27

187,287‌

825,000

Omega

Healthcare

Investors,

Inc

4

.750

01/15/28

760,182‌

500,000

Omega

Healthcare

Investors,

Inc

3

.625

10/01/29

410,194‌

500,000

Omega

Healthcare

Investors,

Inc

3

.375

02/01/31

385,415‌

1,000,000

Omega

Healthcare

Investors,

Inc

3

.250

04/15/33

722,973‌

200,000

Physicians

Realty

LP

4

.300

03/15/27

188,565‌

200,000

Physicians

Realty

LP

3

.950

01/15/28

182,673‌

1,000,000

Physicians

Realty

LP

2

.625

11/01/31

780,539‌

200,000

Piedmont

Operating

Partnership

LP

3

.400

06/01/23

198,082‌

200,000

Piedmont

Operating

Partnership

LP

4

.450

03/15/24

196,492‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

69

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

REAL

ESTATE—continued

$

1,000,000

Piedmont

Operating

Partnership

LP

2

.750

%

04/01/32

$

699,922‌

100,000

Prologis

LP

3

.250

10/01/26

93,882‌

100,000

Prologis

LP

4

.375

02/01/29

95,362‌

500,000

Prologis

LP

2

.250

04/15/30

416,557‌

1,000,000

Prologis

LP

1

.625

03/15/31

772,853‌

100,000

Prologis

LP

4

.375

09/15/48

84,180‌

500,000

Prologis

LP

3

.000

04/15/50

334,465‌

500,000

Prologis

LP

2

.125

10/15/50

277,166‌

100,000

ProLogis

LP

3

.250

06/30/26

94,885‌

1,000,000

ProLogis

LP

3

.375

12/15/27

934,926‌

100,000

ProLogis

LP

4

.000

09/15/28

94,878‌

225,000

ProLogis

LP

2

.875

11/15/29

195,765‌

200,000

ProLogis

LP

1

.750

07/01/30

157,524‌

775,000

ProLogis

LP

2

.250

01/15/32

614,290‌

1,000,000

ProLogis

LP

4

.625

01/15/33

968,067‌

500,000

ProLogis

LP

3

.050

03/01/50

332,908‌

1,500,000

Public

Storage

0

.875

02/15/26

1,327,965‌

750,000

e

Public

Storage

1

.500

11/09/26

666,541‌

200,000

Public

Storage

3

.094

09/15/27

186,019‌

750,000

Public

Storage

1

.950

11/09/28

639,764‌

500,000

Public

Storage

3

.385

05/01/29

454,533‌

250,000

Public

Storage

2

.250

11/09/31

200,486‌

200,000

Realty

Income

Corp

3

.875

04/15/25

195,941‌

750,000

Realty

Income

Corp

0

.750

03/15/26

651,867‌

425,000

Realty

Income

Corp

4

.875

06/01/26

422,653‌

200,000

Realty

Income

Corp

4

.125

10/15/26

194,401‌

200,000

Realty

Income

Corp

3

.000

01/15/27

184,890‌

650,000

Realty

Income

Corp

3

.950

08/15/27

619,678‌

1,000,000

Realty

Income

Corp

3

.400

01/15/28

920,820‌

1,000,000

Realty

Income

Corp

3

.650

01/15/28

932,900‌

500,000

Realty

Income

Corp

2

.200

06/15/28

428,183‌

500,000

Realty

Income

Corp

3

.250

06/15/29

445,324‌

500,000

Realty

Income

Corp

3

.100

12/15/29

435,332‌

1,500,000

Realty

Income

Corp

3

.250

01/15/31

1,300,749‌

750,000

Realty

Income

Corp

1

.800

03/15/33

537,957‌

300,000

Realty

Income

Corp

4

.650

03/15/47

263,995‌

375,000

Regency

Centers

LP

3

.600

02/01/27

350,944‌

125,000

Regency

Centers

LP

4

.125

03/15/28

116,028‌

425,000

Regency

Centers

LP

2

.950

09/15/29

356,709‌

500,000

Regency

Centers

LP

3

.700

06/15/30

436,164‌

200,000

Regency

Centers

LP

4

.400

02/01/47

153,604‌

300,000

Regency

Centers

LP

4

.650

03/15/49

238,594‌

350,000

Retail

Properties

of

America,

Inc

4

.750

09/15/30

308,118‌

300,000

Sabra

Health

Care

LP

5

.125

08/15/26

285,418‌

1,000,000

Sabra

Health

Care

LP

3

.200

12/01/31

744,067‌

500,000

Simon

Property

Group

LP

2

.000

09/13/24

474,894‌

450,000

Simon

Property

Group

LP

3

.375

10/01/24

436,619‌

800,000

Simon

Property

Group

LP

3

.500

09/01/25

766,189‌

625,000

Simon

Property

Group

LP

3

.300

01/15/26

593,069‌

350,000

Simon

Property

Group

LP

3

.250

11/30/26

327,350‌

1,000,000

e

Simon

Property

Group

LP

1

.375

01/15/27

872,765‌

200,000

Simon

Property

Group

LP

3

.375

06/15/27

186,377‌

300,000

Simon

Property

Group

LP

3

.375

12/01/27

277,439‌

1,000,000

Simon

Property

Group

LP

1

.750

02/01/28

851,020‌

1,750,000

Simon

Property

Group

LP

2

.450

09/13/29

1,461,057‌

750,000

Simon

Property

Group

LP

2

.650

07/15/30

623,764‌

1,000,000

e

Simon

Property

Group

LP

2

.200

02/01/31

787,749‌

500,000

Simon

Property

Group

LP

2

.250

01/15/32

388,895‌

1,500,000

Simon

Property

Group

LP

2

.650

02/01/32

1,200,702‌

1,500,000

Simon

Property

Group

LP

4

.250

10/01/44

1,183,793‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

70

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

REAL

ESTATE—continued

$

300,000

e

Simon

Property

Group

LP

4

.250

%

11/30/46

$

239,571‌

500,000

Simon

Property

Group

LP

3

.250

09/13/49

330,950‌

750,000

Simon

Property

Group

LP

3

.800

07/15/50

544,535‌

150,000

SITE

Centers

Corp

4

.250

02/01/26

141,277‌

200,000

SITE

Centers

Corp

4

.700

06/01/27

187,631‌

525,000

Sovran

Acquisition

LP

3

.500

07/01/26

490,458‌

300,000

Spirit

Realty

LP

3

.200

01/15/27

265,978‌

1,000,000

Spirit

Realty

LP

2

.100

03/15/28

815,340‌

500,000

Spirit

Realty

LP

4

.000

07/15/29

433,948‌

300,000

Spirit

Realty

LP

3

.400

01/15/30

249,925‌

500,000

Spirit

Realty

LP

3

.200

02/15/31

399,190‌

500,000

STORE

Capital

Corp

4

.625

03/15/29

447,929‌

500,000

STORE

Capital

Corp

2

.750

11/18/30

383,743‌

500,000

Sun

Communities

Operating

LP

2

.300

11/01/28

416,238‌

1,000,000

Sun

Communities

Operating

LP

4

.200

04/15/32

880,732‌

100,000

Tanger

Properties

LP

3

.125

09/01/26

90,809‌

250,000

Tanger

Properties

LP

3

.875

07/15/27

228,051‌

500,000

Tanger

Properties

LP

2

.750

09/01/31

362,050‌

200,000

UDR,

Inc

3

.500

07/01/27

185,923‌

200,000

UDR,

Inc

3

.500

01/15/28

181,711‌

600,000

UDR,

Inc

3

.200

01/15/30

520,548‌

1,000,000

UDR,

Inc

3

.000

08/15/31

833,859‌

750,000

UDR,

Inc

2

.100

08/01/32

551,003‌

500,000

UDR,

Inc

1

.900

03/15/33

355,971‌

300,000

UDR,

Inc

3

.100

11/01/34

227,135‌

300,000

Ventas

Realty

LP

3

.500

04/15/24

291,800‌

750,000

Ventas

Realty

LP

2

.650

01/15/25

709,608‌

120,000

Ventas

Realty

LP

4

.125

01/15/26

116,393‌

200,000

Ventas

Realty

LP

3

.250

10/15/26

184,730‌

1,000,000

Ventas

Realty

LP

4

.000

03/01/28

924,617‌

525,000

Ventas

Realty

LP

4

.400

01/15/29

489,083‌

350,000

Ventas

Realty

LP

3

.000

01/15/30

293,625‌

500,000

Ventas

Realty

LP

4

.750

11/15/30

466,852‌

1,025,000

Ventas

Realty

LP

2

.500

09/01/31

804,335‌

300,000

Ventas

Realty

LP

4

.375

02/01/45

232,531‌

300,000

Ventas

Realty

LP

4

.875

04/15/49

248,434‌

1,500,000

VICI

Properties

LP

4

.375

05/15/25

1,454,742‌

850,000

VICI

Properties

LP

4

.750

02/15/28

806,368‌

750,000

VICI

Properties

LP

4

.950

02/15/30

713,938‌

1,000,000

VICI

Properties

LP

5

.625

05/15/52

884,570‌

200,000

Vornado

Realty

LP

3

.500

01/15/25

186,582‌

275,000

Vornado

Realty

LP

2

.150

06/01/26

232,373‌

275,000

Vornado

Realty

LP

3

.400

06/01/31

204,469‌

2,000,000

Welltower,

Inc

3

.625

03/15/24

1,957,165‌

600,000

Welltower,

Inc

4

.250

04/01/26

580,198‌

500,000

Welltower,

Inc

2

.700

02/15/27

450,273‌

600,000

Welltower,

Inc

4

.250

04/15/28

562,311‌

1,000,000

Welltower,

Inc

2

.050

01/15/29

812,190‌

500,000

Welltower,

Inc

4

.125

03/15/29

458,951‌

425,000

Welltower,

Inc

3

.100

01/15/30

358,703‌

400,000

Welltower,

Inc

2

.750

01/15/31

320,002‌

1,000,000

Welltower,

Inc

2

.800

06/01/31

795,054‌

500,000

Welltower,

Inc

2

.750

01/15/32

390,947‌

150,000

Welltower,

Inc

3

.850

06/15/32

127,287‌

300,000

Welltower,

Inc

4

.950

09/01/48

246,795‌

500,000

Weyerhaeuser

Co

4

.000

11/15/29

456,445‌

500,000

Weyerhaeuser

Co

4

.000

04/15/30

455,260‌

304,000

Weyerhaeuser

Co

7

.375

03/15/32

336,037‌

300,000

Weyerhaeuser

Co

3

.375

03/09/33

250,717‌

1,375,000

Weyerhaeuser

Co

4

.000

03/09/52

1,037,576‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

71

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

REAL

ESTATE—continued

$

200,000

WP

Carey,

Inc

4

.600

%

04/01/24

$

198,098‌

347,000

WP

Carey,

Inc

4

.000

02/01/25

338,125‌

1,000,000

WP

Carey,

Inc

3

.850

07/15/29

898,270‌

750,000

WP

Carey,

Inc

2

.400

02/01/31

597,577‌

500,000

WP

Carey,

Inc

2

.450

02/01/32

390,705‌

TOTAL

REAL

ESTATE

176,906,197‌

RETAILING

-

0

.8

%

100,000

Advance

Auto

Parts,

Inc

1

.750

10/01/27

83,921‌

500,000

Advance

Auto

Parts,

Inc

3

.900

04/15/30

438,118‌

1,000,000

Advance

Auto

Parts,

Inc

3

.500

03/15/32

820,418‌

1,200,000

Alibaba

Group

Holding

Ltd

2

.800

06/06/23

1,186,253‌

1,250,000

Alibaba

Group

Holding

Ltd

3

.600

11/28/24

1,208,849‌

1,325,000

Alibaba

Group

Holding

Ltd

3

.400

12/06/27

1,218,821‌

1,250,000

e

Alibaba

Group

Holding

Ltd

2

.125

02/09/31

995,219‌

500,000

Alibaba

Group

Holding

Ltd

4

.500

11/28/34

450,826‌

750,000

Alibaba

Group

Holding

Ltd

4

.000

12/06/37

624,272‌

1,250,000

Alibaba

Group

Holding

Ltd

2

.700

02/09/41

797,050‌

1,500,000

Alibaba

Group

Holding

Ltd

4

.200

12/06/47

1,145,043‌

1,250,000

Alibaba

Group

Holding

Ltd

3

.150

02/09/51

775,951‌

750,000

Alibaba

Group

Holding

Ltd

4

.400

12/06/57

572,900‌

1,250,000

Alibaba

Group

Holding

Ltd

3

.250

02/09/61

747,661‌

200,000

Allegion

US

Holding

Co,

Inc

3

.200

10/01/24

192,326‌

200,000

Allegion

US

Holding

Co,

Inc

3

.550

10/01/27

180,515‌

500,000

Allegion

US

Holding

Co,

Inc

5

.411

07/01/32

484,157‌

1,125,000

Amazon.com,

Inc

2

.800

08/22/24

1,090,109‌

425,000

Amazon.com,

Inc

3

.800

12/05/24

418,149‌

1,000,000

Amazon.com,

Inc

0

.800

06/03/25

913,162‌

325,000

Amazon.com,

Inc

5

.200

12/03/25

330,886‌

5,000,000

Amazon.com,

Inc

1

.000

05/12/26

4,428,405‌

3,000,000

Amazon.com,

Inc

3

.300

04/13/27

2,847,010‌

1,000,000

Amazon.com,

Inc

1

.200

06/03/27

865,988‌

2,000,000

Amazon.com,

Inc

3

.150

08/22/27

1,879,338‌

3,000,000

Amazon.com,

Inc

4

.550

12/01/27

2,990,053‌

2,000,000

Amazon.com,

Inc

1

.650

05/12/28

1,716,992‌

2,000,000

Amazon.com,

Inc

3

.450

04/13/29

1,868,133‌

2,000,000

Amazon.com,

Inc

4

.650

12/01/29

1,985,040‌

1,000,000

Amazon.com,

Inc

1

.500

06/03/30

803,539‌

2,000,000

Amazon.com,

Inc

2

.100

05/12/31

1,633,301‌

2,000,000

e

Amazon.com,

Inc

3

.600

04/13/32

1,830,253‌

2,000,000

Amazon.com,

Inc

4

.700

12/01/32

1,979,652‌

1,800,000

Amazon.com,

Inc

4

.800

12/05/34

1,795,603‌

2,625,000

Amazon.com,

Inc

3

.875

08/22/37

2,325,539‌

2,500,000

Amazon.com,

Inc

2

.875

05/12/41

1,865,030‌

775,000

Amazon.com,

Inc

4

.950

12/05/44

763,135‌

2,875,000

Amazon.com,

Inc

4

.050

08/22/47

2,465,153‌

1,900,000

Amazon.com,

Inc

2

.500

06/03/50

1,197,401‌

1,500,000

Amazon.com,

Inc

3

.100

05/12/51

1,068,310‌

2,000,000

Amazon.com,

Inc

3

.950

04/13/52

1,655,365‌

1,900,000

Amazon.com,

Inc

4

.250

08/22/57

1,631,943‌

2,500,000

Amazon.com,

Inc

3

.250

05/12/61

1,711,479‌

2,000,000

Amazon.com,

Inc

4

.100

04/13/62

1,650,421‌

200,000

AutoNation,

Inc

3

.500

11/15/24

191,948‌

244,000

AutoNation,

Inc

4

.500

10/01/25

237,298‌

200,000

AutoNation,

Inc

3

.800

11/15/27

181,398‌

1,500,000

AutoNation,

Inc

1

.950

08/01/28

1,196,183‌

100,000

AutoNation,

Inc

4

.750

06/01/30

89,219‌

425,000

AutoNation,

Inc

2

.400

08/01/31

305,580‌

900,000

AutoNation,

Inc

3

.850

03/01/32

718,359‌

150,000

AutoZone,

Inc

3

.125

07/15/23

148,219‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

72

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

RETAILING—continued

$

250,000

AutoZone,

Inc

3

.125

%

04/18/24

$

243,209‌

200,000

AutoZone,

Inc

3

.250

04/15/25

191,672‌

500,000

AutoZone,

Inc

3

.625

04/15/25

483,772‌

100,000

AutoZone,

Inc

3

.125

04/21/26

94,447‌

650,000

AutoZone,

Inc

3

.750

06/01/27

619,916‌

200,000

AutoZone,

Inc

3

.750

04/18/29

184,424‌

500,000

AutoZone,

Inc

4

.000

04/15/30

462,974‌

600,000

AutoZone,

Inc

1

.650

01/15/31

465,507‌

225,000

AutoZone,

Inc

4

.750

08/01/32

218,067‌

500,000

e

Best

Buy

Co,

Inc

4

.450

10/01/28

481,239‌

500,000

Best

Buy

Co,

Inc

1

.950

10/01/30

395,621‌

2,000,000

CDW

LLC

2

.670

12/01/26

1,775,636‌

1,000,000

CDW

LLC

3

.276

12/01/28

856,160‌

575,000

CDW

LLC

3

.569

12/01/31

473,821‌

2,000,000

Chevron

USA,

Inc

0

.687

08/12/25

1,807,499‌

2,000,000

e

Chevron

USA,

Inc

1

.018

08/12/27

1,715,184‌

1,000,000

Chevron

USA,

Inc

3

.250

10/15/29

917,021‌

250,000

Chevron

USA,

Inc

2

.343

08/12/50

155,009‌

1,000,000

Dick's

Sporting

Goods,

Inc

3

.150

01/15/32

780,489‌

1,000,000

Dick's

Sporting

Goods,

Inc

4

.100

01/15/52

644,677‌

355,000

Dollar

General

Corp

4

.150

11/01/25

347,139‌

300,000

Dollar

General

Corp

3

.875

04/15/27

286,044‌

1,000,000

Dollar

General

Corp

4

.625

11/01/27

981,477‌

500,000

Dollar

General

Corp

4

.125

05/01/28

476,051‌

500,000

Dollar

General

Corp

3

.500

04/03/30

449,823‌

500,000

Dollar

General

Corp

5

.000

11/01/32

493,212‌

500,000

Dollar

General

Corp

4

.125

04/03/50

398,798‌

500,000

Dollar

General

Corp

5

.500

11/01/52

491,884‌

500,000

Dollar

Tree,

Inc

4

.000

05/15/25

488,134‌

500,000

Dollar

Tree,

Inc

4

.200

05/15/28

478,230‌

1,000,000

Dollar

Tree,

Inc

2

.650

12/01/31

808,828‌

1,000,000

Dollar

Tree,

Inc

3

.375

12/01/51

670,814‌

400,000

eBay,

Inc

3

.450

08/01/24

389,109‌

1,000,000

eBay,

Inc

1

.400

05/10/26

886,775‌

1,200,000

eBay,

Inc

3

.600

06/05/27

1,130,799‌

1,200,000

eBay,

Inc

2

.700

03/11/30

1,019,364‌

1,000,000

e

eBay,

Inc

2

.600

05/10/31

819,616‌

200,000

eBay,

Inc

4

.000

07/15/42

158,564‌

1,000,000

eBay,

Inc

3

.650

05/10/51

716,479‌

1,500,000

Genuine

Parts

Co

1

.875

11/01/30

1,154,913‌

275,000

Genuine

Parts

Co

2

.750

02/01/32

220,723‌

1,000,000

GSK

Consumer

Healthcare

Capital

UK

plc

3

.125

03/24/25

950,995‌

500,000

HF

Sinclair

Corp

2

.625

10/01/23

489,595‌

200,000

HF

Sinclair

Corp

5

.875

04/01/26

200,168‌

500,000

HF

Sinclair

Corp

4

.500

10/01/30

438,899‌

550,000

Home

Depot,

Inc

3

.750

02/15/24

544,383‌

350,000

Home

Depot,

Inc

3

.350

09/15/25

339,266‌

1,925,000

Home

Depot,

Inc

3

.000

04/01/26

1,831,971‌

1,550,000

Home

Depot,

Inc

2

.125

09/15/26

1,418,340‌

1,000,000

Home

Depot,

Inc

2

.875

04/15/27

932,711‌

2,000,000

Home

Depot,

Inc

0

.900

03/15/28

1,658,395‌

1,000,000

Home

Depot,

Inc

1

.500

09/15/28

850,189‌

825,000

Home

Depot,

Inc

3

.900

12/06/28

794,183‌

2,333,000

Home

Depot,

Inc

2

.950

06/15/29

2,110,591‌

375,000

Home

Depot,

Inc

2

.700

04/15/30

326,980‌

2,000,000

Home

Depot,

Inc

1

.375

03/15/31

1,549,353‌

1,000,000

Home

Depot,

Inc

1

.875

09/15/31

799,098‌

1,000,000

Home

Depot,

Inc

3

.250

04/15/32

888,568‌

1,000,000

Home

Depot,

Inc

4

.500

09/15/32

976,401‌

425,000

Home

Depot,

Inc

5

.875

12/16/36

454,502‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

73

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

RETAILING—continued

$

150,000

Home

Depot,

Inc

5

.950

%

04/01/41

$

163,144‌

675,000

Home

Depot,

Inc

4

.200

04/01/43

590,613‌

450,000

Home

Depot,

Inc

4

.875

02/15/44

430,270‌

650,000

Home

Depot,

Inc

4

.400

03/15/45

580,747‌

725,000

Home

Depot,

Inc

4

.250

04/01/46

627,717‌

2,100,000

Home

Depot,

Inc

3

.900

06/15/47

1,726,301‌

2,000,000

Home

Depot,

Inc

4

.500

12/06/48

1,813,575‌

1,000,000

Home

Depot,

Inc

3

.125

12/15/49

708,048‌

2,655,000

Home

Depot,

Inc

3

.350

04/15/50

1,948,842‌

3,000,000

Home

Depot,

Inc

2

.375

03/15/51

1,789,699‌

1,000,000

Home

Depot,

Inc

2

.750

09/15/51

653,383‌

500,000

Home

Depot,

Inc

3

.625

04/15/52

385,959‌

1,000,000

e

Home

Depot,

Inc

4

.950

09/15/52

959,841‌

675,000

Home

Depot,

Inc

3

.500

09/15/56

502,832‌

500,000

JD.com,

Inc

3

.375

01/14/30

437,125‌

500,000

JD.com,

Inc

4

.125

01/14/50

368,932‌

300,000

Lowe's

Cos,

Inc

3

.875

09/15/23

297,166‌

400,000

Lowe's

Cos,

Inc

3

.125

09/15/24

386,936‌

1,000,000

Lowe's

Cos,

Inc

4

.000

04/15/25

980,525‌

1,000,000

Lowe's

Cos,

Inc

4

.400

09/08/25

985,069‌

1,100,000

Lowe's

Cos,

Inc

3

.375

09/15/25

1,056,340‌

500,000

Lowe's

Cos,

Inc

2

.500

04/15/26

465,957‌

1,000,000

Lowe's

Cos,

Inc

3

.350

04/01/27

938,764‌

2,000,000

Lowe's

Cos,

Inc

1

.300

04/15/28

1,662,007‌

1,500,000

Lowe's

Cos,

Inc

1

.700

09/15/28

1,259,862‌

775,000

Lowe's

Cos,

Inc

3

.650

04/05/29

716,047‌

306,000

Lowe's

Cos,

Inc

4

.500

04/15/30

293,255‌

1,500,000

Lowe's

Cos,

Inc

1

.700

10/15/30

1,173,004‌

800,000

Lowe's

Cos,

Inc

2

.625

04/01/31

662,850‌

1,000,000

Lowe's

Cos,

Inc

3

.750

04/01/32

889,539‌

1,000,000

e

Lowe's

Cos,

Inc

5

.000

04/15/33

976,211‌

700,000

Lowe's

Cos,

Inc

2

.800

09/15/41

476,351‌

56,000

Lowe's

Cos,

Inc

4

.250

09/15/44

43,392‌

1,075,000

Lowe's

Cos,

Inc

3

.700

04/15/46

795,977‌

2,000,000

Lowe's

Cos,

Inc

4

.050

05/03/47

1,564,252‌

1,425,000

Lowe's

Cos,

Inc

4

.550

04/05/49

1,185,326‌

1,320,000

Lowe's

Cos,

Inc

5

.125

04/15/50

1,199,824‌

450,000

Lowe's

Cos,

Inc

3

.000

10/15/50

286,263‌

1,000,000

Lowe's

Cos,

Inc

3

.500

04/01/51

700,933‌

500,000

Lowe's

Cos,

Inc

4

.250

04/01/52

396,402‌

1,000,000

Lowe's

Cos,

Inc

5

.625

04/15/53

957,295‌

500,000

Lowe's

Cos,

Inc

4

.450

04/01/62

388,698‌

1,000,000

Lowe's

Cos,

Inc

5

.800

09/15/62

957,161‌

1,000,000

O'Reilly

Automotive,

Inc

3

.600

09/01/27

942,441‌

300,000

O'Reilly

Automotive,

Inc

4

.350

06/01/28

291,214‌

500,000

O'Reilly

Automotive,

Inc

3

.900

06/01/29

465,488‌

200,000

O'Reilly

Automotive,

Inc

1

.750

03/15/31

155,202‌

2,000,000

O'Reilly

Automotive,

Inc

4

.700

06/15/32

1,933,142‌

300,000

Ross

Stores,

Inc

4

.600

04/15/25

298,023‌

500,000

Ross

Stores,

Inc

0

.875

04/15/26

438,801‌

55,000

Ross

Stores,

Inc

4

.700

04/15/27

54,110‌

500,000

Ross

Stores,

Inc

1

.875

04/15/31

392,431‌

350,000

Target

Corp

3

.500

07/01/24

342,808‌

200,000

Target

Corp

2

.250

04/15/25

189,734‌

1,700,000

Target

Corp

2

.500

04/15/26

1,591,740‌

1,000,000

e

Target

Corp

1

.950

01/15/27

907,792‌

600,000

Target

Corp

2

.350

02/15/30

509,304‌

5,000,000

Target

Corp

2

.650

09/15/30

4,296,295‌

500,000

Target

Corp

4

.500

09/15/32

485,272‌

1,000,000

e

Target

Corp

2

.950

01/15/52

685,809‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

74

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

RETAILING—continued

$

525,000

TJX

Cos,

Inc

2

.250

%

09/15/26

$

479,834‌

1,750,000

TJX

Cos,

Inc

1

.150

05/15/28

1,459,321‌

500,000

TJX

Cos,

Inc

1

.600

05/15/31

387,171‌

650,000

Tractor

Supply

Co

1

.750

11/01/30

499,098‌

TOTAL

RETAILING

156,275,065‌

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0

.6

%

500,000

Advanced

Micro

Devices,

Inc

3

.924

06/01/32

464,565‌

500,000

Advanced

Micro

Devices,

Inc

4

.393

06/01/52

439,076‌

250,000

Analog

Devices,

Inc

2

.950

04/01/25

240,449‌

1,175,000

Analog

Devices,

Inc

3

.500

12/05/26

1,120,496‌

400,000

g

Analog

Devices,

Inc

3

.450

06/15/27

376,697‌

1,000,000

Analog

Devices,

Inc

1

.700

10/01/28

847,320‌

600,000

Analog

Devices,

Inc

2

.100

10/01/31

484,479‌

300,000

Analog

Devices,

Inc

2

.800

10/01/41

219,563‌

1,000,000

Analog

Devices,

Inc

2

.950

10/01/51

673,858‌

1,000,000

Applied

Materials,

Inc

3

.300

04/01/27

949,539‌

950,000

Applied

Materials,

Inc

1

.750

06/01/30

774,681‌

250,000

Applied

Materials,

Inc

5

.100

10/01/35

252,964‌

100,000

Applied

Materials,

Inc

5

.850

06/15/41

108,731‌

1,200,000

Applied

Materials,

Inc

4

.350

04/01/47

1,079,012‌

775,000

e

Applied

Materials,

Inc

2

.750

06/01/50

527,891‌

2,000,000

g

Broadcom,

Inc

1

.950

02/15/28

1,689,240‌

300,000

g

Broadcom,

Inc

4

.000

04/15/29

272,533‌

343,000

Broadcom,

Inc

4

.150

11/15/30

307,380‌

1,500,000

g

Broadcom,

Inc

2

.450

02/15/31

1,181,428‌

625,000

g

Broadcom,

Inc

4

.150

04/15/32

548,661‌

1,500,000

Broadcom,

Inc

4

.300

11/15/32

1,322,011‌

1,500,000

g

Broadcom,

Inc

2

.600

02/15/33

1,125,896‌

5,883,000

g

Broadcom,

Inc

3

.419

04/15/33

4,716,447‌

2,522,000

g

Broadcom,

Inc

3

.469

04/15/34

2,011,881‌

6,327,000

g

Broadcom,

Inc

3

.137

11/15/35

4,652,030‌

4,043,000

g

Broadcom,

Inc

3

.187

11/15/36

2,904,038‌

3,336,000

g

Broadcom,

Inc

4

.926

05/15/37

2,910,211‌

850,000

g

Broadcom,

Inc

3

.500

02/15/41

603,529‌

3,000,000

g

Broadcom,

Inc

3

.750

02/15/51

2,071,136‌

2,050,000

Intel

Corp

3

.700

07/29/25

1,999,425‌

2,480,000

Intel

Corp

2

.600

05/19/26

2,311,659‌

1,000,000

Intel

Corp

3

.750

08/05/27

960,682‌

1,500,000

Intel

Corp

1

.600

08/12/28

1,274,239‌

1,000,000

Intel

Corp

4

.000

08/05/29

951,215‌

2,500,000

Intel

Corp

2

.450

11/15/29

2,147,262‌

1,500,000

Intel

Corp

3

.900

03/25/30

1,404,538‌

2,000,000

Intel

Corp

2

.000

08/12/31

1,583,993‌

1,000,000

e

Intel

Corp

4

.150

08/05/32

934,961‌

250,000

Intel

Corp

4

.000

12/15/32

231,644‌

1,000,000

Intel

Corp

2

.800

08/12/41

698,240‌

200,000

Intel

Corp

4

.100

05/19/46

160,940‌

675,000

Intel

Corp

4

.100

05/11/47

544,240‌

3,328,000

Intel

Corp

3

.734

12/08/47

2,494,082‌

2,500,000

Intel

Corp

3

.250

11/15/49

1,701,405‌

3,175,000

Intel

Corp

4

.750

03/25/50

2,755,559‌

1,000,000

Intel

Corp

3

.050

08/12/51

647,495‌

1,000,000

Intel

Corp

4

.900

08/05/52

884,656‌

1,000,000

Intel

Corp

3

.100

02/15/60

616,337‌

1,000,000

Intel

Corp

5

.050

08/05/62

877,266‌

850,000

KLA

Corp

4

.650

07/15/32

832,576‌

1,000,000

KLA

Corp

3

.300

03/01/50

724,144‌

1,000,000

KLA

Corp

4

.950

07/15/52

928,754‌

500,000

KLA

Corp

5

.250

07/15/62

480,137‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

75

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT—continued

$

200,000

Lam

Research

Corp

3

.800

%

03/15/25

$

195,719‌

150,000

Lam

Research

Corp

3

.750

03/15/26

145,428‌

275,000

Lam

Research

Corp

4

.000

03/15/29

261,859‌

125,000

Lam

Research

Corp

1

.900

06/15/30

101,850‌

825,000

Lam

Research

Corp

4

.875

03/15/49

781,063‌

200,000

Lam

Research

Corp

2

.875

06/15/50

133,642‌

1,200,000

Lam

Research

Corp

3

.125

06/15/60

787,037‌

1,000,000

Marvell

Technology,

Inc

1

.650

04/15/26

883,212‌

1,000,000

Marvell

Technology,

Inc

2

.450

04/15/28

846,441‌

350,000

Marvell

Technology,

Inc

4

.875

06/22/28

333,591‌

1,000,000

Microchip

Technology,

Inc

4

.333

06/01/23

995,729‌

425,000

Micron

Technology,

Inc

4

.975

02/06/26

418,071‌

750,000

Micron

Technology,

Inc

4

.185

02/15/27

710,098‌

400,000

Micron

Technology,

Inc

5

.327

02/06/29

383,968‌

500,000

Micron

Technology,

Inc

6

.750

11/01/29

507,888‌

500,000

Micron

Technology,

Inc

4

.663

02/15/30

453,487‌

1,000,000

Micron

Technology,

Inc

2

.703

04/15/32

747,726‌

750,000

Micron

Technology,

Inc

3

.366

11/01/41

500,770‌

750,000

Micron

Technology,

Inc

3

.477

11/01/51

465,879‌

800,000

NVIDIA

Corp

3

.200

09/16/26

759,917‌

1,000,000

NVIDIA

Corp

1

.550

06/15/28

853,866‌

750,000

NVIDIA

Corp

2

.850

04/01/30

654,230‌

1,500,000

NVIDIA

Corp

2

.000

06/15/31

1,201,387‌

1,000,000

NVIDIA

Corp

3

.500

04/01/40

809,808‌

2,067,000

NVIDIA

Corp

3

.500

04/01/50

1,560,084‌

475,000

NXP

BV

4

.875

03/01/24

471,364‌

300,000

g

NXP

BV

2

.700

05/01/25

282,369‌

425,000

NXP

BV

5

.350

03/01/26

422,554‌

750,000

NXP

BV

3

.875

06/18/26

712,457‌

300,000

NXP

BV

3

.150

05/01/27

272,108‌

175,000

NXP

BV

4

.400

06/01/27

167,719‌

400,000

NXP

BV

5

.550

12/01/28

399,464‌

750,000

NXP

BV

4

.300

06/18/29

699,224‌

675,000

NXP

BV

3

.400

05/01/30

583,297‌

2,000,000

NXP

BV

2

.500

05/11/31

1,592,960‌

1,000,000

NXP

BV

2

.650

02/15/32

782,643‌

500,000

NXP

BV

5

.000

01/15/33

472,195‌

875,000

g

NXP

BV

3

.250

05/11/41

610,524‌

325,000

NXP

BV

3

.125

02/15/42

220,283‌

500,000

NXP

BV

3

.250

11/30/51

311,350‌

2,000,000

g

Qorvo,

Inc

1

.750

12/15/24

1,841,900‌

2,800,000

QUALCOMM,

Inc

3

.250

05/20/27

2,662,664‌

1,339,000

QUALCOMM,

Inc

1

.300

05/20/28

1,132,893‌

1,000,000

QUALCOMM,

Inc

2

.150

05/20/30

846,042‌

2,384,000

QUALCOMM,

Inc

1

.650

05/20/32

1,836,182‌

750,000

QUALCOMM,

Inc

4

.650

05/20/35

728,251‌

650,000

QUALCOMM,

Inc

4

.800

05/20/45

609,142‌

1,525,000

QUALCOMM,

Inc

4

.300

05/20/47

1,311,297‌

1,000,000

QUALCOMM,

Inc

4

.500

05/20/52

875,765‌

300,000

Skyworks

Solutions,

Inc

1

.800

06/01/26

263,630‌

1,000,000

Skyworks

Solutions,

Inc

3

.000

06/01/31

784,331‌

1,000,000

Texas

Instruments,

Inc

4

.600

02/15/28

998,638‌

1,000,000

Texas

Instruments,

Inc

2

.250

09/04/29

864,577‌

325,000

Texas

Instruments,

Inc

1

.750

05/04/30

267,173‌

750,000

Texas

Instruments,

Inc

3

.650

08/16/32

694,928‌

350,000

Texas

Instruments,

Inc

3

.875

03/15/39

308,290‌

2,700,000

Texas

Instruments,

Inc

4

.150

05/15/48

2,389,258‌

1,000,000

e

Texas

Instruments,

Inc

2

.700

09/15/51

687,224‌

550,000

TSMC

Arizona

Corp

1

.750

10/25/26

490,668‌

350,000

TSMC

Arizona

Corp

3

.875

04/22/27

336,460‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

76

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT—continued

$

1,000,000

TSMC

Arizona

Corp

4

.125

%

04/22/29

$

949,758‌

1,000,000

TSMC

Arizona

Corp

2

.500

10/25/31

818,371‌

1,000,000

TSMC

Arizona

Corp

4

.250

04/22/32

966,888‌

1,000,000

TSMC

Arizona

Corp

3

.125

10/25/41

776,197‌

1,000,000

TSMC

Arizona

Corp

3

.250

10/25/51

718,134‌

500,000

TSMC

Arizona

Corp

4

.500

04/22/52

468,086‌

475,000

Xilinx,

Inc

2

.950

06/01/24

462,084‌

1,000,000

Xilinx,

Inc

2

.375

06/01/30

840,855‌

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

112,444,138‌

SOFTWARE

&

SERVICES

-

1

.0

%

775,000

Adobe

Systems,

Inc

3

.250

02/01/25

753,127‌

500,000

Adobe,

Inc

1

.900

02/01/25

472,340‌

1,000,000

Adobe,

Inc

2

.150

02/01/27

910,105‌

925,000

Adobe,

Inc

2

.300

02/01/30

788,719‌

1,000,000

Amdocs

Ltd

2

.538

06/15/30

809,396‌

250,000

Autodesk,

Inc

4

.375

06/15/25

246,890‌

450,000

Autodesk,

Inc

3

.500

06/15/27

421,545‌

750,000

Autodesk,

Inc

2

.850

01/15/30

644,717‌

1,000,000

Autodesk,

Inc

2

.400

12/15/31

798,824‌

700,000

Automatic

Data

Processing,

Inc

3

.375

09/15/25

677,938‌

400,000

Automatic

Data

Processing,

Inc

1

.700

05/15/28

347,231‌

900,000

Automatic

Data

Processing,

Inc

1

.250

09/01/30

703,423‌

350,000

Broadridge

Financial

Solutions,

Inc

3

.400

06/27/26

327,611‌

1,000,000

Broadridge

Financial

Solutions,

Inc

2

.900

12/01/29

846,163‌

1,000,000

Broadridge

Financial

Solutions,

Inc

2

.600

05/01/31

814,176‌

1,000,000

CGI,

Inc

1

.450

09/14/26

884,368‌

1,000,000

CGI,

Inc

2

.300

09/14/31

759,293‌

3,000,000

Fidelity

National

Information

Services,

Inc

0

.600

03/01/24

2,838,661‌

1,500,000

Fidelity

National

Information

Services,

Inc

1

.150

03/01/26

1,315,340‌

500,000

Fidelity

National

Information

Services,

Inc

4

.700

07/15/27

487,799‌

825,000

Fidelity

National

Information

Services,

Inc

2

.250

03/01/31

646,477‌

500,000

Fidelity

National

Information

Services,

Inc

5

.100

07/15/32

481,612‌

425,000

Fidelity

National

Information

Services,

Inc

3

.100

03/01/41

292,701‌

500,000

Fidelity

National

Information

Services,

Inc

5

.625

07/15/52

458,709‌

125,000

Fiserv,

Inc

3

.800

10/01/23

123,668‌

2,000,000

Fiserv,

Inc

2

.750

07/01/24

1,932,049‌

1,675,000

Fiserv,

Inc

3

.850

06/01/25

1,622,728‌

900,000

Fiserv,

Inc

3

.200

07/01/26

842,273‌

1,125,000

Fiserv,

Inc

3

.500

07/01/29

1,013,533‌

2,175,000

Fiserv,

Inc

2

.650

06/01/30

1,828,381‌

2,300,000

Fiserv,

Inc

4

.400

07/01/49

1,865,975‌

1,000,000

Fortinet,

Inc

1

.000

03/15/26

875,275‌

500,000

Genpact

Luxembourg

Sarl

3

.375

12/01/24

478,868‌

1,000,000

Genpact

Luxembourg

Sarl

1

.750

04/10/26

890,249‌

125,000

Global

Payments,

Inc

3

.750

06/01/23

124,204‌

575,000

Global

Payments,

Inc

2

.650

02/15/25

540,985‌

2,500,000

Global

Payments,

Inc

1

.200

03/01/26

2,179,143‌

300,000

Global

Payments,

Inc

4

.800

04/01/26

291,895‌

1,000,000

Global

Payments,

Inc

2

.150

01/15/27

872,351‌

500,000

Global

Payments,

Inc

4

.950

08/15/27

485,001‌

500,000

Global

Payments,

Inc

4

.450

06/01/28

465,225‌

475,000

Global

Payments,

Inc

3

.200

08/15/29

403,774‌

500,000

Global

Payments,

Inc

5

.300

08/15/29

483,385‌

325,000

Global

Payments,

Inc

2

.900

05/15/30

266,294‌

500,000

Global

Payments,

Inc

5

.400

08/15/32

476,175‌

1,250,000

Global

Payments,

Inc

4

.150

08/15/49

889,390‌

500,000

Global

Payments,

Inc

5

.950

08/15/52

452,080‌

550,000

International

Business

Machines

Corp

3

.375

08/01/23

544,665‌

600,000

International

Business

Machines

Corp

3

.625

02/12/24

591,039‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

77

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

SOFTWARE

&

SERVICES—continued

$

3,000,000

International

Business

Machines

Corp

3

.000

%

05/15/24

$

2,917,584‌

1,000,000

International

Business

Machines

Corp

4

.000

07/27/25

983,771‌

350,000

International

Business

Machines

Corp

3

.450

02/19/26

336,257‌

2,500,000

International

Business

Machines

Corp

3

.300

05/15/26

2,378,674‌

1,500,000

International

Business

Machines

Corp

2

.200

02/09/27

1,347,766‌

1,000,000

International

Business

Machines

Corp

1

.700

05/15/27

878,393‌

2,675,000

International

Business

Machines

Corp

3

.500

05/15/29

2,458,969‌

2,900,000

International

Business

Machines

Corp

1

.950

05/15/30

2,365,138‌

1,500,000

e

International

Business

Machines

Corp

2

.720

02/09/32

1,258,516‌

1,850,000

International

Business

Machines

Corp

4

.150

05/15/39

1,595,318‌

19,000

International

Business

Machines

Corp

5

.600

11/30/39

19,276‌

450,000

International

Business

Machines

Corp

2

.850

05/15/40

326,477‌

1,060,000

International

Business

Machines

Corp

4

.000

06/20/42

878,177‌

1,500,000

International

Business

Machines

Corp

4

.700

02/19/46

1,327,136‌

975,000

International

Business

Machines

Corp

2

.950

05/15/50

634,475‌

1,500,000

International

Business

Machines

Corp

3

.430

02/09/52

1,054,684‌

1,000,000

International

Business

Machines

Corp

4

.900

07/27/52

908,837‌

300,000

Intuit,

Inc

0

.950

07/15/25

272,998‌

350,000

Intuit,

Inc

1

.350

07/15/27

302,707‌

350,000

Intuit,

Inc

1

.650

07/15/30

280,667‌

750,000

Kyndryl

Holdings,

Inc

2

.050

10/15/26

611,919‌

750,000

Kyndryl

Holdings,

Inc

2

.700

10/15/28

562,840‌

750,000

Kyndryl

Holdings,

Inc

3

.150

10/15/31

499,856‌

750,000

Kyndryl

Holdings,

Inc

4

.100

10/15/41

449,110‌

1,000,000

Mastercard,

Inc

3

.375

04/01/24

981,634‌

1,000,000

Mastercard,

Inc

2

.000

03/03/25

945,956‌

425,000

Mastercard,

Inc

2

.950

11/21/26

400,719‌

750,000

Mastercard,

Inc

3

.500

02/26/28

711,640‌

1,000,000

Mastercard,

Inc

2

.950

06/01/29

902,667‌

625,000

Mastercard,

Inc

1

.900

03/15/31

507,697‌

1,500,000

Mastercard,

Inc

2

.000

11/18/31

1,204,227‌

200,000

Mastercard,

Inc

3

.800

11/21/46

167,093‌

300,000

Mastercard,

Inc

3

.950

02/26/48

255,699‌

1,000,000

Mastercard,

Inc

3

.650

06/01/49

809,498‌

1,350,000

Mastercard,

Inc

3

.850

03/26/50

1,126,489‌

850,000

Mastercard,

Inc

2

.950

03/15/51

601,611‌

2,000,000

Meta

Platforms,

Inc

3

.500

08/15/27

1,864,000‌

2,000,000

Meta

Platforms,

Inc

3

.850

08/15/32

1,759,874‌

2,000,000

Meta

Platforms,

Inc

4

.450

08/15/52

1,589,301‌

2,500,000

h

Meta

Platforms,

Inc

4

.650

08/15/62

2,005,830‌

1,450,000

Microsoft

Corp

2

.000

08/08/23

1,427,031‌

800,000

Microsoft

Corp

3

.625

12/15/23

791,587‌

975,000

Microsoft

Corp

2

.700

02/12/25

936,650‌

1,075,000

Microsoft

Corp

3

.125

11/03/25

1,038,472‌

2,925,000

Microsoft

Corp

2

.400

08/08/26

2,727,424‌

8,739,000

Microsoft

Corp

3

.300

02/06/27

8,421,643‌

150,000

Microsoft

Corp

3

.500

02/12/35

135,491‌

1,072,000

Microsoft

Corp

3

.450

08/08/36

948,380‌

8,038,000

Microsoft

Corp

2

.525

06/01/50

5,289,398‌

6,265,000

Microsoft

Corp

2

.921

03/17/52

4,432,492‌

7,374,000

Microsoft

Corp

2

.675

06/01/60

4,678,155‌

1,073,000

Microsoft

Corp

3

.041

03/17/62

741,358‌

2,375,000

Oracle

Corp

2

.400

09/15/23

2,327,824‌

1,225,000

Oracle

Corp

3

.400

07/08/24

1,195,101‌

900,000

Oracle

Corp

2

.950

11/15/24

864,953‌

6,500,000

Oracle

Corp

2

.500

04/01/25

6,128,698‌

1,650,000

Oracle

Corp

2

.950

05/15/25

1,565,450‌

3,000,000

Oracle

Corp

1

.650

03/25/26

2,685,664‌

2,884,000

Oracle

Corp

2

.650

07/15/26

2,650,751‌

1,500,000

Oracle

Corp

6

.150

11/09/29

1,556,949‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

78

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

SOFTWARE

&

SERVICES—continued

$

1,000,000

Oracle

Corp

2

.950

%

04/01/30

$

852,602‌

400,000

Oracle

Corp

3

.250

05/15/30

347,308‌

3,000,000

Oracle

Corp

2

.875

03/25/31

2,487,381‌

1,500,000

Oracle

Corp

6

.250

11/09/32

1,569,931‌

2,497,000

Oracle

Corp

4

.300

07/08/34

2,193,201‌

650,000

Oracle

Corp

3

.900

05/15/35

543,571‌

1,225,000

Oracle

Corp

3

.850

07/15/36

1,001,700‌

4,000,000

Oracle

Corp

3

.800

11/15/37

3,167,164‌

100,000

Oracle

Corp

6

.500

04/15/38

103,659‌

470,000

Oracle

Corp

6

.125

07/08/39

467,495‌

675,000

Oracle

Corp

3

.600

04/01/40

495,187‌

325,000

Oracle

Corp

5

.375

07/15/40

298,234‌

2,000,000

Oracle

Corp

3

.650

03/25/41

1,476,387‌

500,000

Oracle

Corp

4

.500

07/08/44

402,027‌

325,000

Oracle

Corp

4

.125

05/15/45

245,106‌

2,025,000

Oracle

Corp

4

.000

07/15/46

1,475,695‌

3,100,000

Oracle

Corp

4

.000

11/15/47

2,265,777‌

7,350,000

Oracle

Corp

3

.600

04/01/50

4,948,510‌

2,000,000

Oracle

Corp

3

.950

03/25/51

1,424,879‌

1,500,000

Oracle

Corp

6

.900

11/09/52

1,604,737‌

500,000

Oracle

Corp

4

.375

05/15/55

377,877‌

1,500,000

Oracle

Corp

3

.850

04/01/60

996,652‌

2,000,000

Oracle

Corp

4

.100

03/25/61

1,388,338‌

1,000,000

PayPal

Holdings,

Inc

2

.400

10/01/24

958,366‌

1,000,000

PayPal

Holdings,

Inc

1

.650

06/01/25

928,353‌

1,000,000

PayPal

Holdings,

Inc

2

.650

10/01/26

923,229‌

1,000,000

PayPal

Holdings,

Inc

3

.900

06/01/27

962,243‌

1,000,000

PayPal

Holdings,

Inc

2

.850

10/01/29

871,048‌

500,000

PayPal

Holdings,

Inc

2

.300

06/01/30

410,751‌

1,000,000

PayPal

Holdings,

Inc

3

.250

06/01/50

679,584‌

750,000

PayPal

Holdings,

Inc

5

.050

06/01/52

679,112‌

750,000

PayPal

Holdings,

Inc

5

.250

06/01/62

681,236‌

500,000

Roper

Technologies,

Inc

3

.650

09/15/23

494,666‌

500,000

Roper

Technologies,

Inc

2

.350

09/15/24

477,390‌

750,000

Roper

Technologies,

Inc

1

.000

09/15/25

671,972‌

1,100,000

Roper

Technologies,

Inc

3

.800

12/15/26

1,053,636‌

300,000

Roper

Technologies,

Inc

4

.200

09/15/28

289,753‌

500,000

Roper

Technologies,

Inc

2

.950

09/15/29

434,840‌

475,000

Roper

Technologies,

Inc

2

.000

06/30/30

380,663‌

750,000

Roper

Technologies,

Inc

1

.750

02/15/31

577,778‌

925,000

salesforce.com,

Inc

3

.700

04/11/28

887,222‌

2,000,000

salesforce.com,

Inc

1

.500

07/15/28

1,705,676‌

1,250,000

salesforce.com,

Inc

1

.950

07/15/31

996,582‌

1,075,000

salesforce.com,

Inc

2

.700

07/15/41

767,254‌

1,000,000

salesforce.com,

Inc

2

.900

07/15/51

655,417‌

2,000,000

salesforce.com,

Inc

3

.050

07/15/61

1,269,950‌

1,000,000

ServiceNow,

Inc

1

.400

09/01/30

765,017‌

1,000,000

TD

SYNNEX

Corp

1

.750

08/09/26

849,968‌

1,000,000

TD

SYNNEX

Corp

2

.375

08/09/28

806,729‌

1,000,000

TD

SYNNEX

Corp

2

.650

08/09/31

757,436‌

750,000

e

VeriSign,

Inc

2

.700

06/15/31

610,812‌

3,725,000

Visa,

Inc

3

.150

12/14/25

3,591,169‌

2,000,000

Visa,

Inc

1

.900

04/15/27

1,801,149‌

1,175,000

e

Visa,

Inc

0

.750

08/15/27

999,818‌

700,000

Visa,

Inc

2

.750

09/15/27

647,406‌

475,000

Visa,

Inc

2

.050

04/15/30

401,375‌

250,000

Visa,

Inc

4

.150

12/14/35

236,135‌

1,500,000

Visa,

Inc

2

.700

04/15/40

1,136,268‌

2,325,000

Visa,

Inc

4

.300

12/14/45

2,122,399‌

1,125,000

Visa,

Inc

3

.650

09/15/47

921,378‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

79

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

SOFTWARE

&

SERVICES—continued

$

750,000

Visa,

Inc

2

.000

%

08/15/50

$

440,861‌

500,000

VMware,

Inc

4

.500

05/15/25

490,306‌

1,500,000

VMware,

Inc

1

.400

08/15/26

1,307,650‌

725,000

VMware,

Inc

3

.900

08/21/27

676,628‌

1,500,000

VMware,

Inc

1

.800

08/15/28

1,224,871‌

1,000,000

VMware,

Inc

4

.700

05/15/30

930,215‌

1,150,000

VMware,

Inc

2

.200

08/15/31

872,693‌

500,000

Western

Union

Co

2

.850

01/10/25

476,068‌

1,000,000

Western

Union

Co

1

.350

03/15/26

875,307‌

1,000,000

Western

Union

Co

2

.750

03/15/31

756,954‌

1,500,000

Workday,

Inc

3

.500

04/01/27

1,401,854‌

1,500,000

Workday,

Inc

3

.700

04/01/29

1,376,173‌

TOTAL

SOFTWARE

&

SERVICES

203,659,499‌

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0

.6

%

200,000

Amphenol

Corp

3

.200

04/01/24

195,534‌

250,000

Amphenol

Corp

2

.050

03/01/25

234,999‌

450,000

Amphenol

Corp

4

.350

06/01/29

429,857‌

1,000,000

Amphenol

Corp

2

.800

02/15/30

853,564‌

1,000,000

Amphenol

Corp

2

.200

09/15/31

792,221‌

2,725,000

Apple,

Inc

3

.450

05/06/24

2,675,359‌

2,000,000

Apple,

Inc

1

.125

05/11/25

1,841,302‌

1,125,000

Apple,

Inc

3

.200

05/13/25

1,086,948‌

3,000,000

Apple,

Inc

0

.700

02/08/26

2,662,736‌

2,825,000

Apple,

Inc

3

.250

02/23/26

2,713,889‌

1,425,000

Apple,

Inc

2

.450

08/04/26

1,321,520‌

3,250,000

Apple,

Inc

2

.050

09/11/26

2,966,578‌

1,075,000

Apple,

Inc

3

.350

02/09/27

1,027,829‌

275,000

Apple,

Inc

3

.200

05/11/27

260,628‌

3,675,000

Apple,

Inc

3

.000

11/13/27

3,429,872‌

3,000,000

Apple,

Inc

1

.200

02/08/28

2,541,738‌

2,500,000

Apple,

Inc

1

.400

08/05/28

2,117,754‌

1,000,000

Apple,

Inc

3

.250

08/08/29

924,338‌

1,000,000

Apple,

Inc

2

.200

09/11/29

864,555‌

2,950,000

Apple,

Inc

1

.650

05/11/30

2,409,397‌

3,000,000

Apple,

Inc

1

.250

08/20/30

2,361,794‌

3,000,000

Apple,

Inc

1

.650

02/08/31

2,414,725‌

2,500,000

Apple,

Inc

1

.700

08/05/31

1,998,693‌

1,000,000

e

Apple,

Inc

3

.350

08/08/32

907,778‌

1,600,000

Apple,

Inc

4

.500

02/23/36

1,587,242‌

2,000,000

Apple,

Inc

2

.375

02/08/41

1,413,400‌

350,000

Apple,

Inc

3

.850

05/04/43

301,833‌

750,000

Apple,

Inc

4

.450

05/06/44

706,773‌

1,350,000

Apple,

Inc

3

.450

02/09/45

1,085,078‌

1,000,000

Apple,

Inc

4

.375

05/13/45

924,146‌

1,775,000

Apple,

Inc

4

.650

02/23/46

1,680,436‌

900,000

Apple,

Inc

3

.850

08/04/46

764,157‌

1,175,000

Apple,

Inc

4

.250

02/09/47

1,081,888‌

900,000

Apple,

Inc

3

.750

09/12/47

747,494‌

2,850,000

Apple,

Inc

3

.750

11/13/47

2,346,022‌

3,000,000

Apple,

Inc

2

.950

09/11/49

2,123,830‌

3,350,000

Apple,

Inc

2

.650

05/11/50

2,216,375‌

1,375,000

Apple,

Inc

2

.400

08/20/50

855,217‌

1,000,000

Apple,

Inc

2

.650

02/08/51

659,477‌

1,000,000

Apple,

Inc

2

.700

08/05/51

659,241‌

750,000

Apple,

Inc

3

.950

08/08/52

637,272‌

25,000

Apple,

Inc

2

.550

08/20/60

15,128‌

2,000,000

Apple,

Inc

2

.800

02/08/61

1,265,311‌

1,000,000

Apple,

Inc

2

.850

08/05/61

643,031‌

750,000

Apple,

Inc

4

.100

08/08/62

623,409‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

80

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

TECHNOLOGY

HARDWARE

&

EQUIPMENT—continued

$

425,000

Arrow

Electronics,

Inc

3

.250

%

09/08/24

$

408,379‌

200,000

Arrow

Electronics,

Inc

4

.000

04/01/25

193,028‌

425,000

Arrow

Electronics,

Inc

3

.875

01/12/28

386,082‌

1,000,000

Arrow

Electronics,

Inc

2

.950

02/15/32

788,431‌

200,000

Avnet,

Inc

4

.625

04/15/26

192,427‌

1,000,000

Avnet,

Inc

3

.000

05/15/31

775,985‌

1,100,000

Cisco

Systems,

Inc

3

.625

03/04/24

1,082,149‌

400,000

Cisco

Systems,

Inc

3

.500

06/15/25

388,711‌

500,000

Cisco

Systems,

Inc

2

.950

02/28/26

476,740‌

3,000,000

Cisco

Systems,

Inc

2

.500

09/20/26

2,793,153‌

1,000,000

Cisco

Systems,

Inc

5

.900

02/15/39

1,071,860‌

1,175,000

Cisco

Systems,

Inc

5

.500

01/15/40

1,222,712‌

200,000

Corning,

Inc

4

.700

03/15/37

182,105‌

100,000

Corning,

Inc

5

.750

08/15/40

99,242‌

200,000

Corning,

Inc

4

.750

03/15/42

178,017‌

300,000

Corning,

Inc

5

.350

11/15/48

275,206‌

500,000

Corning,

Inc

3

.900

11/15/49

363,968‌

825,000

Corning,

Inc

4

.375

11/15/57

639,634‌

200,000

Corning,

Inc

5

.850

11/15/68

182,713‌

1,000,000

Corning,

Inc

5

.450

11/15/79

863,062‌

875,000

Dell

International

LLC

4

.000

07/15/24

859,928‌

2,925,000

Dell

International

LLC

6

.020

06/15/26

2,983,956‌

1,050,000

Dell

International

LLC

4

.900

10/01/26

1,033,514‌

2,900,000

Dell

International

LLC

5

.300

10/01/29

2,836,206‌

608,000

Dell

International

LLC

8

.100

07/15/36

681,336‌

2,000,000

g

Dell

International

LLC

3

.375

12/15/41

1,339,453‌

377,000

Dell

International

LLC

8

.350

07/15/46

429,502‌

2,000,000

g

Dell

International

LLC

3

.450

12/15/51

1,224,007‌

800,000

Flex

Ltd

4

.750

06/15/25

785,666‌

500,000

Flex

Ltd

3

.750

02/01/26

472,156‌

500,000

Flex

Ltd

6

.000

01/15/28

498,914‌

1,000,000

Flex

Ltd

4

.875

05/12/30

938,880‌

500,000

Hewlett

Packard

Enterprise

Co

4

.450

10/02/23

497,035‌

1,500,000

Hewlett

Packard

Enterprise

Co

1

.450

04/01/24

1,431,496‌

3,000,000

Hewlett

Packard

Enterprise

Co

4

.900

10/15/25

2,970,593‌

225,000

Hewlett

Packard

Enterprise

Co

6

.200

10/15/35

231,922‌

1,175,000

Hewlett

Packard

Enterprise

Co

6

.350

10/15/45

1,171,917‌

1,000,000

HP,

Inc

2

.200

06/17/25

934,265‌

1,000,000

HP,

Inc

1

.450

06/17/26

876,002‌

1,000,000

HP,

Inc

3

.000

06/17/27

912,743‌

500,000

HP,

Inc

4

.750

01/15/28

485,117‌

1,000,000

HP,

Inc

4

.000

04/15/29

912,795‌

1,000,000

HP,

Inc

3

.400

06/17/30

847,088‌

1,000,000

HP,

Inc

2

.650

06/17/31

779,083‌

500,000

HP,

Inc

4

.200

04/15/32

429,894‌

500,000

HP,

Inc

5

.500

01/15/33

469,724‌

975,000

HP,

Inc

6

.000

09/15/41

935,473‌

1,000,000

Jabil,

Inc

1

.700

04/15/26

886,146‌

1,000,000

Jabil,

Inc

4

.250

05/15/27

945,576‌

100,000

Jabil,

Inc

3

.950

01/12/28

93,097‌

750,000

Jabil,

Inc

3

.600

01/15/30

658,522‌

50,000

Jabil,

Inc

3

.000

01/15/31

41,388‌

1,500,000

Juniper

Networks,

Inc

1

.200

12/10/25

1,341,414‌

200,000

Keysight

Technologies,

Inc

4

.550

10/30/24

196,931‌

600,000

Keysight

Technologies,

Inc

4

.600

04/06/27

582,171‌

500,000

Keysight

Technologies,

Inc

3

.000

10/30/29

433,323‌

20,000

Motorola

Solutions,

Inc

4

.000

09/01/24

19,630‌

450,000

Motorola

Solutions,

Inc

4

.600

02/23/28

435,848‌

500,000

Motorola

Solutions,

Inc

4

.600

05/23/29

475,864‌

600,000

Motorola

Solutions,

Inc

2

.300

11/15/30

469,172‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

81

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

TECHNOLOGY

HARDWARE

&

EQUIPMENT—continued

$

2,250,000

Motorola

Solutions,

Inc

2

.750

%

05/24/31

$

1,798,969‌

500,000

Motorola

Solutions,

Inc

5

.600

06/01/32

486,724‌

200,000

Motorola

Solutions,

Inc

5

.500

09/01/44

180,076‌

200,000

NetApp,

Inc

3

.300

09/29/24

193,449‌

500,000

NetApp,

Inc

1

.875

06/22/25

459,235‌

500,000

NetApp,

Inc

2

.375

06/22/27

444,344‌

750,000

NetApp,

Inc

2

.700

06/22/30

614,707‌

1,000,000

e

QUALCOMM,

Inc

5

.400

05/20/33

1,041,120‌

1,000,000

QUALCOMM,

Inc

6

.000

05/20/53

1,062,071‌

2,000,000

Teledyne

Technologies,

Inc

1

.600

04/01/26

1,788,072‌

200,000

Tyco

Electronics

Group

S.A.

3

.450

08/01/24

195,653‌

100,000

Tyco

Electronics

Group

S.A.

3

.700

02/15/26

95,970‌

1,150,000

Tyco

Electronics

Group

S.A.

3

.125

08/15/27

1,059,755‌

900,000

Tyco

Electronics

Group

S.A.

2

.500

02/04/32

742,016‌

1,000,000

Vontier

Corp

1

.800

04/01/26

845,049‌

1,000,000

Vontier

Corp

2

.400

04/01/28

799,036‌

1,000,000

Vontier

Corp

2

.950

04/01/31

722,568‌

1,000,000

Western

Digital

Corp

2

.850

02/01/29

773,670‌

1,000,000

e

Western

Digital

Corp

3

.100

02/01/32

718,767‌

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

122,502,970‌

TELECOMMUNICATION

SERVICES

-

1

.0

%

2,000,000

America

Movil

SAB

de

C.V.

3

.625

04/22/29

1,814,017‌

2,000,000

America

Movil

SAB

de

C.V.

2

.875

05/07/30

1,697,879‌

440,000

America

Movil

SAB

de

C.V.

6

.125

03/30/40

453,909‌

1,625,000

America

Movil

SAB

de

C.V.

4

.375

07/16/42

1,385,449‌

1,500,000

e

America

Movil

SAB

de

C.V.

4

.375

04/22/49

1,281,165‌

10,000,000

AT&T,

Inc

1

.700

03/25/26

9,011,970‌

1,000,000

AT&T,

Inc

2

.950

07/15/26

930,454‌

1,000,000

AT&T,

Inc

2

.300

06/01/27

889,389‌

1,150,000

AT&T,

Inc

1

.650

02/01/28

971,234‌

4,375,000

AT&T,

Inc

4

.350

03/01/29

4,160,481‌

1,000,000

AT&T,

Inc

4

.300

02/15/30

941,597‌

3,000,000

AT&T,

Inc

2

.250

02/01/32

2,351,465‌

10,855,000

AT&T,

Inc

2

.550

12/01/33

8,342,173‌

1,825,000

AT&T,

Inc

4

.500

05/15/35

1,659,014‌

3,000,000

AT&T,

Inc

3

.500

06/01/41

2,237,202‌

300,000

AT&T,

Inc

4

.650

06/01/44

251,824‌

2,000,000

AT&T,

Inc

3

.650

06/01/51

1,408,624‌

9,860,000

AT&T,

Inc

3

.500

09/15/53

6,654,871‌

8,857,000

AT&T,

Inc

3

.550

09/15/55

5,909,777‌

6,844,000

AT&T,

Inc

3

.800

12/01/57

4,721,904‌

7,523,000

AT&T,

Inc

3

.650

09/15/59

5,035,377‌

1,000,000

AT&T,

Inc

3

.850

06/01/60

693,761‌

1,000,000

Bell

Canada

3

.650

03/17/51

723,115‌

750,000

Bell

Canada,

Inc

4

.464

04/01/48

638,763‌

750,000

Bell

Canada,

Inc

4

.300

07/29/49

608,492‌

1,000,000

e

Bell

Telephone

Co

of

Canada

or

Bell

Canada

2

.150

02/15/32

782,130‌

450,000

Bell

Telephone

Co

of

Canada

or

Bell

Canada

3

.200

02/15/52

301,189‌

1,000,000

Bell

Telephone

Co

of

Canada

or

Bell

Canada

3

.650

08/15/52

727,531‌

750,000

British

Telecommunications

plc

4

.500

12/04/23

743,537‌

1,750,000

British

Telecommunications

plc

5

.125

12/04/28

1,698,295‌

1,425,000

British

Telecommunications

plc

9

.625

12/15/30

1,706,479‌

2,690,000

Deutsche

Telekom

International

Finance

BV

8

.750

06/15/30

3,172,203‌

745,000

Orange

S.A.

9

.000

03/01/31

911,366‌

900,000

Orange

S.A.

5

.375

01/13/42

869,824‌

1,725,000

Orange

S.A.

5

.500

02/06/44

1,681,607‌

200,000

Rogers

Communications,

Inc

4

.100

10/01/23

198,284‌

1,713,000

Rogers

Communications,

Inc

3

.625

12/15/25

1,640,970‌

200,000

Rogers

Communications,

Inc

2

.900

11/15/26

183,388‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

82

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

TELECOMMUNICATION

SERVICES—continued

$

2,000,000

g

Rogers

Communications,

Inc

3

.200

%

03/15/27

$

1,850,532‌

1,500,000

g

Rogers

Communications,

Inc

3

.800

03/15/32

1,294,430‌

1,000,000

g

Rogers

Communications,

Inc

4

.500

03/15/42

815,067‌

125,000

Rogers

Communications,

Inc

4

.500

03/15/43

101,194‌

300,000

Rogers

Communications,

Inc

5

.450

10/01/43

270,312‌

600,000

Rogers

Communications,

Inc

5

.000

03/15/44

514,024‌

150,000

Rogers

Communications,

Inc

4

.300

02/15/48

113,055‌

1,500,000

Rogers

Communications,

Inc

4

.350

05/01/49

1,146,820‌

1,300,000

Rogers

Communications,

Inc

3

.700

11/15/49

880,418‌

1,500,000

g

Rogers

Communications,

Inc

4

.550

03/15/52

1,162,929‌

1,500,000

Telefonica

Emisiones

SAU

4

.103

03/08/27

1,423,158‌

625,000

Telefonica

Emisiones

SAU

7

.045

06/20/36

640,788‌

1,200,000

Telefonica

Emisiones

SAU

4

.665

03/06/38

947,986‌

2,125,000

Telefonica

Emisiones

SAU

5

.213

03/08/47

1,706,361‌

1,175,000

Telefonica

Emisiones

SAU

4

.895

03/06/48

903,029‌

900,000

Telefonica

Emisiones

SAU

5

.520

03/01/49

752,315‌

567,000

Telefonica

Europe

BV

8

.250

09/15/30

632,563‌

325,000

TELUS

Corp

2

.800

02/16/27

300,161‌

300,000

TELUS

Corp

3

.700

09/15/27

284,001‌

1,000,000

TELUS

Corp

3

.400

05/13/32

853,801‌

500,000

TELUS

Corp

4

.600

11/16/48

422,853‌

750,000

TELUS

Corp

4

.300

06/15/49

613,082‌

4,000,000

T-Mobile

USA,

Inc

1

.500

02/15/26

3,581,718‌

1,000,000

T-Mobile

USA,

Inc

2

.625

04/15/26

916,411‌

4,000,000

T-Mobile

USA,

Inc

3

.750

04/15/27

3,767,567‌

3,500,000

T-Mobile

USA,

Inc

2

.050

02/15/28

3,005,912‌

1,000,000

T-Mobile

USA,

Inc

2

.625

02/15/29

846,531‌

1,000,000

T-Mobile

USA,

Inc

2

.400

03/15/29

843,927‌

1,000,000

T-Mobile

USA,

Inc

3

.375

04/15/29

880,769‌

825,000

T-Mobile

USA,

Inc

3

.875

04/15/30

747,297‌

1,500,000

T-Mobile

USA,

Inc

2

.550

02/15/31

1,225,380‌

1,500,000

T-Mobile

USA,

Inc

2

.250

11/15/31

1,179,899‌

1,000,000

T-Mobile

USA,

Inc

2

.700

03/15/32

807,945‌

4,000,000

T-Mobile

USA,

Inc

5

.200

01/15/33

3,963,935‌

650,000

T-Mobile

USA,

Inc

4

.375

04/15/40

554,710‌

1,350,000

T-Mobile

USA,

Inc

3

.000

02/15/41

952,592‌

3,875,000

T-Mobile

USA,

Inc

4

.500

04/15/50

3,185,783‌

2,500,000

T-Mobile

USA,

Inc

3

.300

02/15/51

1,668,356‌

2,500,000

T-Mobile

USA,

Inc

3

.400

10/15/52

1,679,872‌

3,000,000

T-Mobile

USA,

Inc

5

.650

01/15/53

2,903,668‌

1,500,000

T-Mobile

USA,

Inc

3

.600

11/15/60

990,408‌

2,000,000

T-Mobile

USA,

Inc

5

.800

09/15/62

1,934,897‌

1,000,000

Verizon

Communications,

Inc

0

.850

11/20/25

891,849‌

1,000,000

Verizon

Communications,

Inc

1

.450

03/20/26

897,724‌

1,000,000

Verizon

Communications,

Inc

4

.125

03/16/27

973,942‌

2,625,000

Verizon

Communications,

Inc

3

.000

03/22/27

2,439,124‌

5,000,000

Verizon

Communications,

Inc

2

.100

03/22/28

4,339,391‌

4,641,000

Verizon

Communications,

Inc

4

.329

09/21/28

4,462,246‌

350,000

Verizon

Communications,

Inc

3

.875

02/08/29

328,393‌

9,005,000

Verizon

Communications,

Inc

4

.016

12/03/29

8,411,135‌

200,000

Verizon

Communications,

Inc

3

.150

03/22/30

176,368‌

1,550,000

Verizon

Communications,

Inc

1

.500

09/18/30

1,205,023‌

1,533,000

Verizon

Communications,

Inc

1

.680

10/30/30

1,194,929‌

3,000,000

Verizon

Communications,

Inc

1

.750

01/20/31

2,327,515‌

3,925,000

Verizon

Communications,

Inc

2

.550

03/21/31

3,227,757‌

11,355,000

Verizon

Communications,

Inc

2

.355

03/15/32

9,001,132‌

2,000,000

Verizon

Communications,

Inc

2

.650

11/20/40

1,349,968‌

1,350,000

Verizon

Communications,

Inc

3

.400

03/22/41

1,015,068‌

1,000,000

Verizon

Communications,

Inc

2

.850

09/03/41

688,201‌

150,000

Verizon

Communications,

Inc

4

.000

03/22/50

117,354‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

83

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

TELECOMMUNICATION

SERVICES—continued

$

2,000,000

Verizon

Communications,

Inc

2

.875

%

11/20/50

$

1,253,919‌

3,725,000

Verizon

Communications,

Inc

3

.550

03/22/51

2,653,516‌

1,000,000

e

Verizon

Communications,

Inc

3

.875

03/01/52

758,355‌

8,764,000

Verizon

Communications,

Inc

2

.987

10/30/56

5,346,918‌

2,000,000

Verizon

Communications,

Inc

3

.000

11/20/60

1,190,845‌

6,000,000

Verizon

Communications,

Inc

3

.700

03/22/61

4,184,942‌

2,000,000

Vodafone

Group

plc

4

.125

05/30/25

1,968,152‌

425,000

Vodafone

Group

plc

6

.150

02/27/37

430,572‌

925,000

Vodafone

Group

plc

5

.000

05/30/38

851,212‌

1,900,000

Vodafone

Group

plc

4

.375

02/19/43

1,521,040‌

2,450,000

Vodafone

Group

plc

5

.250

05/30/48

2,157,788‌

1,000,000

Vodafone

Group

plc

4

.875

06/19/49

835,588‌

1,500,000

Vodafone

Group

plc

4

.250

09/17/50

1,150,660‌

500,000

Vodafone

Group

plc

5

.125

06/19/59

427,164‌

TOTAL

TELECOMMUNICATION

SERVICES

200,434,955‌

TRANSPORTATION

-

0

.5

%

400,000

American

Airlines

2

.875

07/11/34

321,893‌

500,000

Burlington

Northern

Santa

Fe

LLC

3

.750

04/01/24

492,012‌

150,000

Burlington

Northern

Santa

Fe

LLC

3

.400

09/01/24

146,325‌

300,000

Burlington

Northern

Santa

Fe

LLC

3

.000

04/01/25

288,518‌

700,000

Burlington

Northern

Santa

Fe

LLC

3

.650

09/01/25

679,139‌

660,000

Burlington

Northern

Santa

Fe

LLC

5

.750

05/01/40

690,493‌

250,000

Burlington

Northern

Santa

Fe

LLC

5

.050

03/01/41

243,937‌

200,000

Burlington

Northern

Santa

Fe

LLC

4

.400

03/15/42

178,695‌

300,000

Burlington

Northern

Santa

Fe

LLC

4

.450

03/15/43

268,495‌

500,000

Burlington

Northern

Santa

Fe

LLC

5

.150

09/01/43

487,865‌

500,000

Burlington

Northern

Santa

Fe

LLC

4

.900

04/01/44

471,963‌

600,000

Burlington

Northern

Santa

Fe

LLC

4

.550

09/01/44

542,455‌

1,275,000

Burlington

Northern

Santa

Fe

LLC

4

.150

04/01/45

1,088,730‌

200,000

Burlington

Northern

Santa

Fe

LLC

4

.700

09/01/45

183,665‌

1,150,000

Burlington

Northern

Santa

Fe

LLC

3

.900

08/01/46

933,974‌

400,000

Burlington

Northern

Santa

Fe

LLC

4

.125

06/15/47

338,552‌

1,675,000

Burlington

Northern

Santa

Fe

LLC

4

.050

06/15/48

1,395,251‌

1,025,000

Burlington

Northern

Santa

Fe

LLC

4

.150

12/15/48

869,861‌

750,000

Burlington

Northern

Santa

Fe

LLC

3

.550

02/15/50

574,240‌

750,000

Burlington

Northern

Santa

Fe

LLC

3

.050

02/15/51

521,118‌

4,000,000

Burlington

Northern

Santa

Fe

LLC

3

.300

09/15/51

2,911,266‌

1,000,000

Burlington

Northern

Santa

Fe

LLC

4

.450

01/15/53

888,269‌

200,000

Canadian

National

Railway

Co

2

.950

11/21/24

192,821‌

200,000

Canadian

National

Railway

Co

6

.900

07/15/28

219,781‌

500,000

Canadian

National

Railway

Co

3

.850

08/05/32

464,562‌

200,000

Canadian

National

Railway

Co

6

.250

08/01/34

217,788‌

250,000

Canadian

National

Railway

Co

3

.500

11/15/42

187,063‌

100,000

Canadian

National

Railway

Co

4

.500

11/07/43

84,150‌

650,000

Canadian

National

Railway

Co

3

.200

08/02/46

476,584‌

725,000

Canadian

National

Railway

Co

3

.650

02/03/48

578,033‌

325,000

Canadian

National

Railway

Co

4

.450

01/20/49

291,494‌

400,000

Canadian

National

Railway

Co

2

.450

05/01/50

248,091‌

1,500,000

Canadian

National

Railway

Co

4

.400

08/05/52

1,332,138‌

1,800,000

Canadian

Pacific

Railway

Co

2

.900

02/01/25

1,719,503‌

2,000,000

Canadian

Pacific

Railway

Co

1

.750

12/02/26

1,782,275‌

300,000

Canadian

Pacific

Railway

Co

4

.000

06/01/28

285,857‌

100,000

Canadian

Pacific

Railway

Co

2

.050

03/05/30

81,950‌

200,000

Canadian

Pacific

Railway

Co

7

.125

10/15/31

221,845‌

600,000

Canadian

Pacific

Railway

Co

2

.450

12/02/31

496,926‌

250,000

Canadian

Pacific

Railway

Co

5

.950

05/15/37

258,407‌

475,000

Canadian

Pacific

Railway

Co

3

.000

12/02/41

358,102‌

1,000,000

Canadian

Pacific

Railway

Co

3

.100

12/02/51

672,292‌

1,275,000

Canadian

Pacific

Railway

Co

6

.125

09/15/15

1,279,387‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

84

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

TRANSPORTATION—continued

$

400,000

CH

Robinson

Worldwide,

Inc

4

.200

%

04/15/28

$

377,765‌

300,000

CSX

Corp

3

.400

08/01/24

292,693‌

200,000

CSX

Corp

3

.350

11/01/25

191,933‌

1,200,000

CSX

Corp

2

.600

11/01/26

1,104,667‌

825,000

CSX

Corp

4

.250

03/15/29

793,553‌

600,000

CSX

Corp

2

.400

02/15/30

508,158‌

850,000

CSX

Corp

4

.100

11/15/32

796,870‌

100,000

CSX

Corp

6

.000

10/01/36

104,911‌

200,000

CSX

Corp

6

.150

05/01/37

213,895‌

400,000

CSX

Corp

5

.500

04/15/41

399,061‌

350,000

CSX

Corp

4

.400

03/01/43

303,682‌

600,000

CSX

Corp

4

.100

03/15/44

503,123‌

800,000

CSX

Corp

3

.800

11/01/46

628,018‌

1,050,000

CSX

Corp

4

.300

03/01/48

891,275‌

850,000

CSX

Corp

4

.750

11/15/48

767,744‌

500,000

CSX

Corp

4

.500

03/15/49

434,859‌

600,000

CSX

Corp

3

.350

09/15/49

431,677‌

1,000,000

CSX

Corp

3

.800

04/15/50

775,494‌

200,000

CSX

Corp

3

.950

05/01/50

159,373‌

800,000

CSX

Corp

2

.500

05/15/51

485,844‌

750,000

CSX

Corp

4

.500

11/15/52

651,083‌

300,000

CSX

Corp

4

.500

08/01/54

255,468‌

150,000

CSX

Corp

4

.250

11/01/66

117,623‌

800,000

CSX

Corp

4

.650

03/01/68

674,029‌

500,000

FedEx

Corp

3

.250

04/01/26

475,705‌

500,000

FedEx

Corp

4

.200

10/17/28

474,809‌

1,000,000

FedEx

Corp

3

.100

08/05/29

882,462‌

500,000

FedEx

Corp

4

.250

05/15/30

471,632‌

1,500,000

e

FedEx

Corp

2

.400

05/15/31

1,213,100‌

1,000,000

FedEx

Corp

4

.900

01/15/34

945,032‌

200,000

FedEx

Corp

3

.900

02/01/35

170,032‌

2,000,000

FedEx

Corp

3

.250

05/15/41

1,423,971‌

275,000

FedEx

Corp

5

.100

01/15/44

243,909‌

1,100,000

FedEx

Corp

4

.750

11/15/45

928,773‌

600,000

FedEx

Corp

4

.550

04/01/46

486,760‌

450,000

FedEx

Corp

4

.400

01/15/47

358,860‌

900,000

FedEx

Corp

4

.050

02/15/48

682,624‌

500,000

FedEx

Corp

4

.950

10/17/48

434,628‌

1,500,000

e

FedEx

Corp

5

.250

05/15/50

1,365,737‌

200,000

FedEx

Corp

4

.500

02/01/65

146,304‌

1,000,000

GXO

Logistics,

Inc

1

.650

07/15/26

856,177‌

500,000

JB

Hunt

Transport

Services,

Inc

3

.875

03/01/26

484,159‌

100,000

Kansas

City

Southern

3

.125

06/01/26

93,895‌

500,000

Kansas

City

Southern

2

.875

11/15/29

431,812‌

100,000

Kansas

City

Southern

4

.300

05/15/43

82,186‌

175,000

Kansas

City

Southern

4

.950

08/15/45

157,113‌

800,000

Kansas

City

Southern

4

.700

05/01/48

688,558‌

500,000

Kansas

City

Southern

3

.500

05/01/50

355,714‌

500,000

Kansas

City

Southern

4

.200

11/15/69

369,039‌

350,000

Kirby

Corp

4

.200

03/01/28

317,219‌

350,000

Norfolk

Southern

Corp

2

.900

06/15/26

327,393‌

300,000

Norfolk

Southern

Corp

3

.150

06/01/27

278,858‌

700,000

Norfolk

Southern

Corp

3

.800

08/01/28

665,406‌

1,000,000

e

Norfolk

Southern

Corp

3

.000

03/15/32

853,768‌

16,000

Norfolk

Southern

Corp

4

.837

10/01/41

14,695‌

300,000

Norfolk

Southern

Corp

4

.450

06/15/45

258,980‌

200,000

Norfolk

Southern

Corp

4

.650

01/15/46

176,649‌

303,000

Norfolk

Southern

Corp

3

.942

11/01/47

242,500‌

1,450,000

Norfolk

Southern

Corp

4

.150

02/28/48

1,190,533‌

500,000

Norfolk

Southern

Corp

4

.100

05/15/49

403,192‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

85

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

TRANSPORTATION—continued

$

500,000

Norfolk

Southern

Corp

3

.400

%

11/01/49

$

358,981‌

1,000,000

Norfolk

Southern

Corp

3

.050

05/15/50

669,782‌

1,000,000

Norfolk

Southern

Corp

2

.900

08/25/51

645,841‌

175,000

Norfolk

Southern

Corp

4

.050

08/15/52

140,172‌

1,000,000

Norfolk

Southern

Corp

3

.700

03/15/53

750,794‌

300,000

Norfolk

Southern

Corp

4

.550

06/01/53

260,755‌

1,170,000

Norfolk

Southern

Corp

3

.155

05/15/55

774,289‌

1,000,000

Norfolk

Southern

Corp

4

.100

05/15/21

691,571‌

200,000

Ryder

System,

Inc

3

.400

03/01/23

199,428‌

200,000

Ryder

System,

Inc

3

.875

12/01/23

197,509‌

550,000

Ryder

System,

Inc

3

.650

03/18/24

538,724‌

500,000

Ryder

System,

Inc

2

.500

09/01/24

475,599‌

300,000

Ryder

System,

Inc

4

.625

06/01/25

294,448‌

500,000

Ryder

System,

Inc

3

.350

09/01/25

474,680‌

1,000,000

Ryder

System,

Inc

1

.750

09/01/26

878,797‌

500,000

Ryder

System,

Inc

2

.900

12/01/26

455,751‌

1,000,000

Ryder

System,

Inc

2

.850

03/01/27

902,703‌

1,250,000

Southwest

Airlines

Co

5

.250

05/04/25

1,254,647‌

200,000

Southwest

Airlines

Co

3

.000

11/15/26

183,913‌

1,000,000

Southwest

Airlines

Co

5

.125

06/15/27

987,366‌

200,000

Southwest

Airlines

Co

3

.450

11/16/27

183,784‌

300,000

Southwest

Airlines

Co

2

.625

02/10/30

248,917‌

277,000

Union

Pacific

Corp

3

.646

02/15/24

272,723‌

300,000

Union

Pacific

Corp

3

.150

03/01/24

293,863‌

200,000

Union

Pacific

Corp

3

.750

03/15/24

196,806‌

200,000

Union

Pacific

Corp

3

.250

01/15/25

194,170‌

500,000

Union

Pacific

Corp

3

.750

07/15/25

485,794‌

200,000

Union

Pacific

Corp

3

.250

08/15/25

192,213‌

300,000

Union

Pacific

Corp

2

.750

03/01/26

283,683‌

2,500,000

Union

Pacific

Corp

2

.375

05/20/31

2,104,762‌

1,000,000

Union

Pacific

Corp

2

.800

02/14/32

863,288‌

500,000

Union

Pacific

Corp

4

.500

01/20/33

488,882‌

100,000

Union

Pacific

Corp

3

.375

02/01/35

84,473‌

2,525,000

Union

Pacific

Corp

2

.891

04/06/36

2,006,785‌

100,000

Union

Pacific

Corp

3

.600

09/15/37

84,518‌

500,000

Union

Pacific

Corp

3

.550

08/15/39

412,811‌

1,500,000

Union

Pacific

Corp

3

.200

05/20/41

1,176,849‌

500,000

Union

Pacific

Corp

3

.375

02/14/42

397,417‌

200,000

Union

Pacific

Corp

3

.350

08/15/46

146,139‌

300,000

Union

Pacific

Corp

4

.000

04/15/47

245,509‌

4,000,000

Union

Pacific

Corp

3

.250

02/05/50

2,882,241‌

1,070,000

Union

Pacific

Corp

3

.799

10/01/51

851,178‌

500,000

Union

Pacific

Corp

2

.950

03/10/52

338,014‌

1,000,000

Union

Pacific

Corp

3

.500

02/14/53

750,862‌

200,000

Union

Pacific

Corp

3

.875

02/01/55

157,515‌

300,000

Union

Pacific

Corp

3

.950

08/15/59

233,807‌

1,000,000

Union

Pacific

Corp

3

.839

03/20/60

772,482‌

1,500,000

Union

Pacific

Corp

3

.550

05/20/61

1,091,813‌

2,000,000

Union

Pacific

Corp

2

.973

09/16/62

1,284,677‌

200,000

Union

Pacific

Corp

4

.100

09/15/67

156,229‌

500,000

Union

Pacific

Corp

3

.750

02/05/70

364,473‌

500,000

Union

Pacific

Corp

3

.799

04/06/71

368,246‌

500,000

Union

Pacific

Corp

3

.850

02/14/72

367,622‌

500,000

United

Parcel

Service,

Inc

2

.200

09/01/24

478,934‌

300,000

United

Parcel

Service,

Inc

2

.800

11/15/24

289,259‌

125,000

United

Parcel

Service,

Inc

2

.400

11/15/26

115,931‌

875,000

United

Parcel

Service,

Inc

3

.050

11/15/27

821,532‌

500,000

United

Parcel

Service,

Inc

3

.400

03/15/29

464,766‌

500,000

United

Parcel

Service,

Inc

2

.500

09/01/29

435,216‌

750,000

United

Parcel

Service,

Inc

4

.450

04/01/30

738,226‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

86

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

TRANSPORTATION—continued

$

510,000

United

Parcel

Service,

Inc

6

.200

%

01/15/38

$

563,843‌

450,000

United

Parcel

Service,

Inc

3

.625

10/01/42

373,667‌

400,000

United

Parcel

Service,

Inc

3

.400

11/15/46

308,951‌

1,550,000

United

Parcel

Service,

Inc

3

.750

11/15/47

1,266,975‌

300,000

United

Parcel

Service,

Inc

4

.250

03/15/49

263,464‌

500,000

e

United

Parcel

Service,

Inc

3

.400

09/01/49

386,048‌

1,630,000

e

United

Parcel

Service,

Inc

5

.300

04/01/50

1,691,282‌

TOTAL

TRANSPORTATION

96,097,136‌

UTILITIES

-

2

.1

%

200,000

AEP

Texas,

Inc

3

.950

06/01/28

187,543‌

550,000

AEP

Texas,

Inc

2

.100

07/01/30

445,885‌

500,000

AEP

Texas,

Inc

4

.700

05/15/32

478,922‌

200,000

AEP

Texas,

Inc

3

.800

10/01/47

145,318‌

100,000

AEP

Texas,

Inc

4

.150

05/01/49

77,990‌

850,000

AEP

Texas,

Inc

3

.450

05/15/51

599,381‌

200,000

AEP

Transmission

Co

LLC

3

.100

12/01/26

187,456‌

600,000

AEP

Transmission

Co

LLC

4

.000

12/01/46

471,203‌

500,000

AEP

Transmission

Co

LLC

3

.750

12/01/47

387,377‌

200,000

AEP

Transmission

Co

LLC

4

.250

09/15/48

166,665‌

300,000

AEP

Transmission

Co

LLC

3

.800

06/15/49

233,674‌

550,000

AEP

Transmission

Co

LLC

2

.750

08/15/51

348,750‌

600,000

AES

Corp

1

.375

01/15/26

532,793‌

675,000

AES

Corp

2

.450

01/15/31

536,977‌

475,000

Alabama

Power

Co

3

.550

12/01/23

468,755‌

575,000

Alabama

Power

Co

1

.450

09/15/30

447,717‌

200,000

Alabama

Power

Co

3

.850

12/01/42

161,013‌

400,000

Alabama

Power

Co

3

.750

03/01/45

310,762‌

300,000

Alabama

Power

Co

4

.300

01/02/46

248,766‌

350,000

Alabama

Power

Co

3

.700

12/01/47

266,575‌

1,000,000

Alabama

Power

Co

4

.300

07/15/48

831,495‌

1,000,000

Alabama

Power

Co

3

.125

07/15/51

678,964‌

1,000,000

Alabama

Power

Co

3

.000

03/15/52

660,150‌

350,000

Ameren

Corp

2

.500

09/15/24

334,763‌

2,000,000

Ameren

Corp

1

.750

03/15/28

1,689,046‌

300,000

Ameren

Illinois

Co

3

.800

05/15/28

286,070‌

750,000

Ameren

Illinois

Co

1

.550

11/15/30

591,340‌

500,000

Ameren

Illinois

Co

3

.850

09/01/32

464,485‌

125,000

Ameren

Illinois

Co

4

.150

03/15/46

106,234‌

1,150,000

Ameren

Illinois

Co

3

.700

12/01/47

910,203‌

575,000

Ameren

Illinois

Co

4

.500

03/15/49

523,255‌

325,000

Ameren

Illinois

Co

2

.900

06/15/51

216,181‌

325,000

Ameren

Illinois

Co

5

.900

12/01/52

352,904‌

350,000

American

Electric

Power

Co,

Inc

3

.200

11/13/27

321,381‌

700,000

American

Electric

Power

Co,

Inc

4

.300

12/01/28

668,509‌

500,000

American

Electric

Power

Co,

Inc

2

.300

03/01/30

410,809‌

1,000,000

American

Electric

Power

Co,

Inc

3

.875

02/15/62

779,106‌

500,000

American

Water

Capital

Corp

3

.850

03/01/24

492,005‌

300,000

American

Water

Capital

Corp

3

.400

03/01/25

290,575‌

200,000

American

Water

Capital

Corp

2

.950

09/01/27

184,389‌

500,000

American

Water

Capital

Corp

3

.750

09/01/28

472,836‌

750,000

American

Water

Capital

Corp

3

.450

06/01/29

684,824‌

100,000

American

Water

Capital

Corp

2

.800

05/01/30

86,463‌

1,250,000

American

Water

Capital

Corp

2

.300

06/01/31

1,025,232‌

225,000

American

Water

Capital

Corp

4

.300

12/01/42

195,230‌

150,000

American

Water

Capital

Corp

4

.300

09/01/45

126,927‌

100,000

American

Water

Capital

Corp

4

.000

12/01/46

77,727‌

1,175,000

American

Water

Capital

Corp

3

.750

09/01/47

914,489‌

500,000

American

Water

Capital

Corp

4

.200

09/01/48

416,338‌

500,000

American

Water

Capital

Corp

4

.150

06/01/49

411,793‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

87

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

675,000

American

Water

Capital

Corp

3

.450

%

05/01/50

$

495,564‌

1,250,000

American

Water

Capital

Corp

3

.250

06/01/51

891,078‌

200,000

Appalachian

Power

Co

3

.300

06/01/27

187,188‌

1,000,000

Appalachian

Power

Co

2

.700

04/01/31

822,535‌

500,000

Appalachian

Power

Co

4

.500

08/01/32

466,195‌

300,000

Appalachian

Power

Co

4

.500

03/01/49

247,182‌

775,000

Appalachian

Power

Co

3

.700

05/01/50

564,426‌

125,000

Aqua

America,

Inc

3

.566

05/01/29

112,124‌

200,000

Aqua

America,

Inc

4

.276

05/01/49

161,110‌

200,000

Arizona

Public

Service

Co

2

.950

09/15/27

181,822‌

1,000,000

Arizona

Public

Service

Co

2

.600

08/15/29

833,913‌

750,000

Arizona

Public

Service

Co

6

.350

12/15/32

788,735‌

350,000

Arizona

Public

Service

Co

4

.500

04/01/42

287,723‌

200,000

Arizona

Public

Service

Co

4

.350

11/15/45

157,334‌

410,000

Arizona

Public

Service

Co

3

.750

05/15/46

289,428‌

200,000

Arizona

Public

Service

Co

4

.200

08/15/48

152,537‌

200,000

Arizona

Public

Service

Co

4

.250

03/01/49

152,909‌

300,000

Arizona

Public

Service

Co

3

.500

12/01/49

203,498‌

500,000

Arizona

Public

Service

Co

3

.350

05/15/50

328,085‌

750,000

Arizona

Public

Service

Co

2

.650

09/15/50

435,080‌

900,000

Atlantic

City

Electric

Co

4

.000

10/15/28

856,727‌

425,000

Atlantic

City

Electric

Co

2

.300

03/15/31

345,944‌

1,000,000

Atmos

Energy

Corp

2

.625

09/15/29

867,442‌

750,000

Atmos

Energy

Corp

1

.500

01/15/31

584,130‌

175,000

e

Atmos

Energy

Corp

5

.450

10/15/32

180,923‌

100,000

Atmos

Energy

Corp

5

.500

06/15/41

98,454‌

125,000

Atmos

Energy

Corp

4

.150

01/15/43

105,146‌

600,000

Atmos

Energy

Corp

4

.125

10/15/44

492,273‌

500,000

Atmos

Energy

Corp

4

.300

10/01/48

420,258‌

300,000

Atmos

Energy

Corp

4

.125

03/15/49

245,342‌

1,500,000

Atmos

Energy

Corp

2

.850

02/15/52

970,644‌

500,000

Atmos

Energy

Corp

5

.750

10/15/52

521,914‌

500,000

Avangrid,

Inc

3

.150

12/01/24

477,885‌

300,000

Avangrid,

Inc

3

.200

04/15/25

286,690‌

625,000

Avangrid,

Inc

3

.800

06/01/29

567,932‌

150,000

Avista

Corp

4

.350

06/01/48

124,436‌

550,000

Avista

Corp

4

.000

04/01/52

431,112‌

200,000

Baltimore

Gas

&

Electric

Co

2

.400

08/15/26

184,408‌

150,000

Baltimore

Gas

&

Electric

Co

3

.500

08/15/46

111,238‌

200,000

Baltimore

Gas

&

Electric

Co

3

.750

08/15/47

154,235‌

200,000

Baltimore

Gas

&

Electric

Co

4

.250

09/15/48

167,636‌

500,000

Baltimore

Gas

&

Electric

Co

3

.200

09/15/49

351,727‌

775,000

Baltimore

Gas

&

Electric

Co

2

.900

06/15/50

512,138‌

1,500,000

Baltimore

Gas

and

Electric

Co

2

.250

06/15/31

1,215,113‌

500,000

Baltimore

Gas

and

Electric

Co

4

.550

06/01/52

441,587‌

1,000,000

BAT

Capital

Corp

7

.750

10/19/32

1,075,575‌

350,000

Berkshire

Hathaway

Energy

Co

3

.500

02/01/25

343,337‌

175,000

Berkshire

Hathaway

Energy

Co

3

.250

04/15/28

161,899‌

2,500,000

Berkshire

Hathaway

Energy

Co

1

.650

05/15/31

1,935,036‌

950,000

Berkshire

Hathaway

Energy

Co

6

.125

04/01/36

996,864‌

1,032,000

Berkshire

Hathaway

Energy

Co

5

.950

05/15/37

1,070,700‌

725,000

Berkshire

Hathaway

Energy

Co

5

.150

11/15/43

689,831‌

975,000

Berkshire

Hathaway

Energy

Co

4

.500

02/01/45

848,926‌

1,250,000

Berkshire

Hathaway

Energy

Co

3

.800

07/15/48

964,137‌

1,025,000

Berkshire

Hathaway

Energy

Co

4

.450

01/15/49

880,196‌

2,500,000

Berkshire

Hathaway

Energy

Co

2

.850

05/15/51

1,636,701‌

200,000

Black

Hills

Corp

4

.250

11/30/23

198,874‌

100,000

Black

Hills

Corp

3

.950

01/15/26

95,875‌

100,000

Black

Hills

Corp

3

.150

01/15/27

92,480‌

550,000

Black

Hills

Corp

2

.500

06/15/30

441,471‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

88

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

300,000

Black

Hills

Corp

4

.350

%

05/01/33

$

263,929‌

200,000

e

Black

Hills

Corp

4

.200

09/15/46

152,013‌

200,000

CenterPoint

Energy

Houston

Electric

LLC

2

.400

09/01/26

184,069‌

300,000

CenterPoint

Energy

Houston

Electric

LLC

3

.000

02/01/27

282,200‌

275,000

CenterPoint

Energy

Houston

Electric

LLC

2

.350

04/01/31

228,031‌

100,000

CenterPoint

Energy

Houston

Electric

LLC

6

.950

03/15/33

111,947‌

300,000

CenterPoint

Energy

Houston

Electric

LLC

3

.950

03/01/48

245,568‌

150,000

CenterPoint

Energy

Houston

Electric

LLC

2

.900

07/01/50

100,853‌

875,000

CenterPoint

Energy

Houston

Electric

LLC

3

.350

04/01/51

643,905‌

500,000

CenterPoint

Energy

Houston

Electric

LLC

3

.600

03/01/52

383,889‌

1,000,000

CenterPoint

Energy

Resources

Corp

0

.700

03/02/23

992,786‌

200,000

CenterPoint

Energy

Resources

Corp

4

.000

04/01/28

190,727‌

575,000

CenterPoint

Energy

Resources

Corp

1

.750

10/01/30

453,318‌

500,000

CenterPoint

Energy

Resources

Corp

4

.400

07/01/32

479,364‌

700,000

CenterPoint

Energy

Resources

Corp

4

.100

09/01/47

561,767‌

500,000

CenterPoint

Energy,

Inc

2

.500

09/01/24

479,995‌

135,000

CenterPoint

Energy,

Inc

4

.250

11/01/28

126,555‌

750,000

CenterPoint

Energy,

Inc

2

.950

03/01/30

644,514‌

1,000,000

CenterPoint

Energy,

Inc

2

.650

06/01/31

825,357‌

500,000

e

CenterPoint

Energy,

Inc

3

.700

09/01/49

370,771‌

3,200,000

Cheniere

Corpus

Christi

Holdings

LLC

3

.700

11/15/29

2,892,548‌

2,000,000

Cheniere

Corpus

Christi

Holdings

LLC

2

.742

12/31/39

1,546,528‌

425,000

Cleco

Corporate

Holdings

LLC

3

.743

05/01/26

401,245‌

300,000

Cleco

Corporate

Holdings

LLC

3

.375

09/15/29

255,181‌

200,000

Cleco

Corporate

Holdings

LLC

4

.973

05/01/46

168,592‌

790,000

CMS

Energy

Corp

3

.450

08/15/27

732,422‌

1,000,000

CMS

Energy

Corp

3

.750

12/01/50

753,065‌

250,000

Commonwealth

Edison

Co

2

.550

06/15/26

232,055‌

300,000

Commonwealth

Edison

Co

3

.700

08/15/28

282,281‌

500,000

Commonwealth

Edison

Co

2

.200

03/01/30

419,020‌

1,000,000

e

Commonwealth

Edison

Co

3

.150

03/15/32

873,577‌

200,000

Commonwealth

Edison

Co

3

.800

10/01/42

162,407‌

300,000

Commonwealth

Edison

Co

4

.700

01/15/44

272,215‌

100,000

Commonwealth

Edison

Co

3

.700

03/01/45

77,756‌

250,000

Commonwealth

Edison

Co

3

.650

06/15/46

189,882‌

400,000

Commonwealth

Edison

Co

3

.750

08/15/47

310,215‌

1,175,000

Commonwealth

Edison

Co

4

.000

03/01/48

965,218‌

1,300,000

Commonwealth

Edison

Co

4

.000

03/01/49

1,051,464‌

500,000

Commonwealth

Edison

Co

3

.200

11/15/49

355,490‌

500,000

Commonwealth

Edison

Co

3

.000

03/01/50

343,084‌

1,000,000

Commonwealth

Edison

Co

3

.125

03/15/51

689,993‌

500,000

Commonwealth

Edison

Co

2

.750

09/01/51

319,966‌

625,000

Connecticut

Light

&

Power

Co

3

.200

03/15/27

586,264‌

400,000

Connecticut

Light

&

Power

Co

4

.300

04/15/44

344,970‌

250,000

Connecticut

Light

&

Power

Co

4

.150

06/01/45

207,744‌

775,000

Connecticut

Light

&

Power

Co

4

.000

04/01/48

646,564‌

500,000

Connecticut

Light

and

Power

Co

2

.050

07/01/31

401,344‌

200,000

Consolidated

Edison

Co

of

New

York,

Inc

3

.800

05/15/28

189,916‌

300,000

Consolidated

Edison

Co

of

New

York,

Inc

4

.000

12/01/28

286,370‌

100,000

Consolidated

Edison

Co

of

New

York,

Inc

3

.350

04/01/30

89,936‌

2,000,000

Consolidated

Edison

Co

of

New

York,

Inc

2

.400

06/15/31

1,635,033‌

200,000

Consolidated

Edison

Co

of

New

York,

Inc

4

.200

03/15/42

167,382‌

550,000

Consolidated

Edison

Co

of

New

York,

Inc

3

.950

03/01/43

440,055‌

1,475,000

Consolidated

Edison

Co

of

New

York,

Inc

4

.450

03/15/44

1,264,998‌

150,000

Consolidated

Edison

Co

of

New

York,

Inc

4

.500

12/01/45

128,402‌

400,000

Consolidated

Edison

Co

of

New

York,

Inc

3

.850

06/15/46

310,064‌

400,000

Consolidated

Edison

Co

of

New

York,

Inc

3

.875

06/15/47

307,560‌

300,000

Consolidated

Edison

Co

of

New

York,

Inc

4

.650

12/01/48

261,146‌

500,000

Consolidated

Edison

Co

of

New

York,

Inc

4

.125

05/15/49

406,339‌

700,000

Consolidated

Edison

Co

of

New

York,

Inc

3

.950

04/01/50

549,020‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

89

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

1,000,000

Consolidated

Edison

Co

of

New

York,

Inc

3

.200

%

12/01/51

$

691,780‌

1,000,000

Consolidated

Edison

Co

of

New

York,

Inc

6

.150

11/15/52

1,070,539‌

850,000

Consolidated

Edison

Co

of

New

York,

Inc

4

.625

12/01/54

720,587‌

200,000

Consolidated

Edison

Co

of

New

York,

Inc

4

.300

12/01/56

160,203‌

1,300,000

Consolidated

Edison

Co

of

New

York,

Inc

4

.000

11/15/57

982,618‌

400,000

Consolidated

Edison

Co

of

New

York,

Inc

4

.500

05/15/58

331,705‌

1,000,000

Consolidated

Edison

Co

of

New

York,

Inc

3

.700

11/15/59

718,829‌

1,000,000

Consolidated

Edison

Co

of

New

York,

Inc

3

.000

12/01/60

622,091‌

1,000,000

Consolidated

Edison

Co

of

New

York,

Inc

3

.600

06/15/61

712,674‌

200,000

Consumers

Energy

Co

3

.375

08/15/23

198,149‌

250,000

Consumers

Energy

Co

3

.800

11/15/28

237,247‌

275,000

Consumers

Energy

Co

3

.600

08/15/32

250,516‌

600,000

Consumers

Energy

Co

3

.950

07/15/47

487,184‌

600,000

Consumers

Energy

Co

4

.050

05/15/48

494,651‌

350,000

Consumers

Energy

Co

4

.350

04/15/49

303,963‌

500,000

Consumers

Energy

Co

3

.750

02/15/50

389,628‌

500,000

Consumers

Energy

Co

3

.100

08/15/50

347,058‌

150,000

Consumers

Energy

Co

3

.500

08/01/51

112,973‌

500,000

Consumers

Energy

Co

2

.650

08/15/52

314,387‌

500,000

Consumers

Energy

Co

4

.200

09/01/52

427,774‌

500,000

Consumers

Energy

Co

2

.500

05/01/60

279,858‌

300,000

Dayton

Power

&

Light

Co

3

.950

06/15/49

231,997‌

200,000

Delmarva

Power

&

Light

Co

4

.150

05/15/45

160,682‌

925,000

Dominion

Energy

South

Carolina,

Inc

2

.300

12/01/31

746,027‌

300,000

Dominion

Energy,

Inc

3

.300

03/15/25

287,881‌

1,750,000

Dominion

Energy,

Inc

3

.900

10/01/25

1,704,262‌

1,000,000

Dominion

Energy,

Inc

1

.450

04/15/26

890,263‌

775,000

Dominion

Energy,

Inc

3

.600

03/15/27

728,347‌

500,000

Dominion

Energy,

Inc

4

.250

06/01/28

475,819‌

303,000

Dominion

Energy,

Inc

3

.375

04/01/30

267,009‌

500,000

Dominion

Energy,

Inc

2

.250

08/15/31

397,839‌

500,000

e

Dominion

Energy,

Inc

4

.350

08/15/32

464,784‌

1,000,000

Dominion

Energy,

Inc

5

.375

11/15/32

991,186‌

475,000

Dominion

Energy,

Inc

3

.300

04/15/41

351,579‌

200,000

Dominion

Energy,

Inc

4

.700

12/01/44

170,267‌

500,000

Dominion

Energy,

Inc

4

.600

03/15/49

420,474‌

500,000

Dominion

Energy,

Inc

4

.850

08/15/52

431,822‌

225,000

Dominion

Energy,

Inc

(Step

Bond)

3

.071

08/15/24

216,805‌

200,000

DTE

Electric

Co

3

.650

03/15/24

196,581‌

500,000

DTE

Electric

Co

1

.900

04/01/28

434,491‌

1,500,000

DTE

Electric

Co

3

.000

03/01/32

1,293,193‌

200,000

DTE

Electric

Co

4

.000

04/01/43

166,689‌

100,000

DTE

Electric

Co

3

.700

06/01/46

77,082‌

500,000

DTE

Electric

Co

3

.750

08/15/47

390,857‌

1,000,000

DTE

Electric

Co

4

.050

05/15/48

831,038‌

525,000

DTE

Electric

Co

3

.950

03/01/49

430,205‌

1,000,000

DTE

Electric

Co

2

.950

03/01/50

678,083‌

400,000

DTE

Electric

Co

3

.250

04/01/51

286,175‌

450,000

DTE

Electric

Co

3

.650

03/01/52

347,705‌

1,000,000

DTE

Energy

Co

1

.050

06/01/25

905,763‌

327,000

DTE

Energy

Co

3

.400

06/15/29

290,487‌

500,000

DTE

Energy

Co

2

.950

03/01/30

424,782‌

1,500,000

DTE

Energy

Co

(Step

Bond)

4

.220

11/01/24

1,474,423‌

200,000

Duke

Energy

Carolinas

LLC

2

.950

12/01/26

188,237‌

500,000

Duke

Energy

Carolinas

LLC

3

.950

11/15/28

479,741‌

500,000

Duke

Energy

Carolinas

LLC

2

.450

08/15/29

428,726‌

1,500,000

Duke

Energy

Carolinas

LLC

2

.550

04/15/31

1,252,114‌

375,000

Duke

Energy

Carolinas

LLC

2

.850

03/15/32

317,222‌

125,000

Duke

Energy

Carolinas

LLC

5

.300

02/15/40

123,700‌

300,000

Duke

Energy

Carolinas

LLC

3

.750

06/01/45

232,743‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

90

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

200,000

Duke

Energy

Carolinas

LLC

3

.875

%

03/15/46

$

157,271‌

1,750,000

Duke

Energy

Carolinas

LLC

3

.700

12/01/47

1,331,295‌

1,500,000

Duke

Energy

Carolinas

LLC

3

.950

03/15/48

1,200,008‌

1,000,000

Duke

Energy

Carolinas

LLC

3

.200

08/15/49

700,874‌

1,500,000

Duke

Energy

Carolinas

LLC

3

.450

04/15/51

1,094,863‌

300,000

Duke

Energy

Corp

3

.950

10/15/23

296,885‌

2,700,000

Duke

Energy

Corp

2

.650

09/01/26

2,493,758‌

350,000

Duke

Energy

Corp

3

.150

08/15/27

322,949‌

1,000,000

Duke

Energy

Corp

5

.000

12/08/27

994,337‌

1,000,000

Duke

Energy

Corp

4

.300

03/15/28

962,224‌

1,000,000

Duke

Energy

Corp

2

.450

06/01/30

822,290‌

1,000,000

Duke

Energy

Corp

2

.550

06/15/31

814,810‌

1,000,000

Duke

Energy

Corp

3

.300

06/15/41

727,509‌

300,000

Duke

Energy

Corp

4

.800

12/15/45

264,113‌

1,975,000

Duke

Energy

Corp

3

.750

09/01/46

1,465,386‌

500,000

Duke

Energy

Corp

4

.200

06/15/49

394,587‌

1,000,000

Duke

Energy

Corp

3

.500

06/15/51

694,258‌

500,000

Duke

Energy

Corp

5

.000

08/15/52

443,683‌

750,000

Duke

Energy

Corp

3

.250

01/15/82

547,803‌

1,200,000

Duke

Energy

Florida

LLC

3

.200

01/15/27

1,132,901‌

1,000,000

Duke

Energy

Florida

LLC

2

.400

12/15/31

816,559‌

375,000

Duke

Energy

Florida

LLC

6

.400

06/15/38

411,315‌

500,000

Duke

Energy

Florida

LLC

3

.400

10/01/46

359,091‌

300,000

Duke

Energy

Florida

LLC

4

.200

07/15/48

251,437‌

1,000,000

Duke

Energy

Florida

LLC

3

.000

12/15/51

670,365‌

1,000,000

Duke

Energy

Florida

LLC

5

.950

11/15/52

1,064,301‌

300,000

Duke

Energy

Indiana

LLC

3

.750

05/15/46

230,638‌

500,000

Duke

Energy

Indiana

LLC

3

.250

10/01/49

346,920‌

275,000

Duke

Energy

Indiana

LLC

2

.750

04/01/50

172,645‌

200,000

Duke

Energy

Ohio,

Inc

3

.650

02/01/29

185,193‌

25,000

Duke

Energy

Ohio,

Inc

2

.125

06/01/30

20,404‌

200,000

Duke

Energy

Ohio,

Inc

3

.700

06/15/46

147,272‌

200,000

Duke

Energy

Ohio,

Inc

4

.300

02/01/49

163,037‌

300,000

Duke

Energy

Progress

LLC

3

.375

09/01/23

296,749‌

300,000

Duke

Energy

Progress

LLC

3

.250

08/15/25

288,751‌

300,000

Duke

Energy

Progress

LLC

3

.700

09/01/28

281,831‌

5,357,000

Duke

Energy

Progress

LLC

3

.450

03/15/29

4,931,201‌

1,500,000

Duke

Energy

Progress

LLC

2

.000

08/15/31

1,185,273‌

400,000

Duke

Energy

Progress

LLC

4

.375

03/30/44

343,934‌

500,000

Duke

Energy

Progress

LLC

4

.150

12/01/44

416,507‌

300,000

Duke

Energy

Progress

LLC

4

.200

08/15/45

250,914‌

500,000

Duke

Energy

Progress

LLC

3

.700

10/15/46

378,473‌

200,000

Duke

Energy

Progress

LLC

3

.600

09/15/47

149,771‌

600,000

Duke

Energy

Progress

LLC

2

.500

08/15/50

360,021‌

500,000

Duke

Energy

Progress

LLC

2

.900

08/15/51

327,399‌

1,000,000

DXC

Technology

Co

1

.800

09/15/26

870,856‌

200,000

Eastern

Energy

Gas

Holdings

LLC

3

.550

11/01/23

197,386‌

250,000

Eastern

Energy

Gas

Holdings

LLC

2

.500

11/15/24

238,139‌

134,000

Eastern

Energy

Gas

Holdings

LLC

3

.600

12/15/24

129,403‌

800,000

Edison

International

3

.550

11/15/24

772,301‌

750,000

Edison

International

5

.750

06/15/27

752,321‌

300,000

Edison

International

4

.125

03/15/28

278,307‌

500,000

Edison

International

6

.950

11/15/29

522,141‌

200,000

El

Paso

Electric

Co

5

.000

12/01/44

174,774‌

1,075,000

Emera

US

Finance

LP

3

.550

06/15/26

1,006,953‌

2,000,000

Emera

US

Finance

LP

2

.639

06/15/31

1,565,662‌

625,000

Emera

US

Finance

LP

4

.750

06/15/46

482,222‌

50,000

Empresa

Nacional

de

Electricidad

S.A.

4

.250

04/15/24

49,319‌

675,000

Enel

Chile

S.A.

4

.875

06/12/28

657,787‌

400,000

e

Enersis

Americas

S.A.

4

.000

10/25/26

380,548‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

91

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

175,000

Entergy

Arkansas

LLC

3

.700

%

06/01/24

$

171,945‌

600,000

Entergy

Arkansas

LLC

3

.500

04/01/26

575,865‌

200,000

Entergy

Arkansas

LLC

4

.200

04/01/49

163,647‌

425,000

Entergy

Arkansas

LLC

2

.650

06/15/51

256,256‌

750,000

Entergy

Arkansas

LLC

3

.350

06/15/52

521,061‌

1,000,000

Entergy

Corp

0

.900

09/15/25

890,513‌

1,300,000

Entergy

Corp

2

.950

09/01/26

1,206,927‌

1,000,000

Entergy

Corp

1

.900

06/15/28

845,396‌

175,000

Entergy

Corp

2

.800

06/15/30

147,812‌

625,000

Entergy

Corp

2

.400

06/15/31

496,426‌

500,000

Entergy

Corp

3

.750

06/15/50

368,134‌

200,000

Entergy

Louisiana

LLC

4

.050

09/01/23

199,029‌

605,000

Entergy

Louisiana

LLC

0

.620

11/17/23

582,479‌

200,000

Entergy

Louisiana

LLC

2

.400

10/01/26

181,789‌

200,000

Entergy

Louisiana

LLC

3

.120

09/01/27

184,175‌

1,000,000

Entergy

Louisiana

LLC

1

.600

12/15/30

768,199‌

1,000,000

Entergy

Louisiana

LLC

2

.350

06/15/32

794,719‌

500,000

Entergy

Louisiana

LLC

4

.000

03/15/33

451,238‌

500,000

Entergy

Louisiana

LLC

3

.100

06/15/41

371,289‌

300,000

Entergy

Louisiana

LLC

4

.200

09/01/48

245,470‌

300,000

Entergy

Louisiana

LLC

4

.200

04/01/50

243,629‌

500,000

Entergy

Louisiana

LLC

4

.750

09/15/52

448,641‌

800,000

Entergy

Mississippi

LLC

3

.850

06/01/49

610,587‌

475,000

Entergy

Mississippi

LLC

3

.500

06/01/51

339,864‌

1,000,000

Entergy

Texas,

Inc

4

.000

03/30/29

943,114‌

575,000

Entergy

Texas,

Inc

1

.750

03/15/31

448,323‌

200,000

Entergy

Texas,

Inc

4

.500

03/30/39

173,229‌

700,000

Entergy

Texas,

Inc

3

.550

09/30/49

502,234‌

225,000

Essential

Utilities,

Inc

2

.704

04/15/30

188,716‌

1,000,000

Essential

Utilities,

Inc

2

.400

05/01/31

794,457‌

300,000

Essential

Utilities,

Inc

3

.351

04/15/50

204,870‌

500,000

Essential

Utilities,

Inc

5

.300

05/01/52

467,551‌

425,000

Evergy

Kansas

Central,

Inc

3

.450

04/15/50

307,575‌

150,000

Evergy

Metro,

Inc

2

.250

06/01/30

123,399‌

1,100,000

Evergy,

Inc

2

.450

09/15/24

1,044,301‌

100,000

Evergy,

Inc

2

.550

07/01/26

92,108‌

750,000

Evergy,

Inc

2

.900

09/15/29

647,654‌

300,000

Eversource

Energy

3

.800

12/01/23

296,570‌

300,000

Eversource

Energy

2

.900

10/01/24

289,173‌

100,000

Eversource

Energy

0

.800

08/15/25

89,600‌

1,000,000

Eversource

Energy

1

.400

08/15/26

877,536‌

200,000

Eversource

Energy

3

.300

01/15/28

184,164‌

300,000

Eversource

Energy

4

.250

04/01/29

283,976‌

100,000

Eversource

Energy

1

.650

08/15/30

77,812‌

1,000,000

Eversource

Energy

2

.550

03/15/31

823,517‌

1,000,000

Eversource

Energy

3

.375

03/01/32

870,512‌

1,100,000

Eversource

Energy

3

.450

01/15/50

797,914‌

425,000

Exelon

Corp

3

.400

04/15/26

403,531‌

1,500,000

h

Exelon

Corp

2

.750

03/15/27

1,375,627‌

1,000,000

h

Exelon

Corp

3

.350

03/15/32

868,493‌

500,000

Exelon

Corp

4

.950

06/15/35

477,299‌

975,000

Exelon

Corp

4

.450

04/15/46

823,585‌

100,000

Exelon

Corp

4

.700

04/15/50

87,107‌

500,000

h

Exelon

Corp

4

.100

03/15/52

399,532‌

1,500,000

Exelon

Generation

Co

LLC

3

.250

06/01/25

1,435,123‌

900,000

Exelon

Generation

Co

LLC

6

.250

10/01/39

918,005‌

625,000

Exelon

Generation

Co

LLC

5

.600

06/15/42

602,199‌

500,000

Florida

Power

&

Light

Co

3

.250

06/01/24

488,691‌

907,000

Florida

Power

&

Light

Co

3

.125

12/01/25

874,486‌

1,000,000

Florida

Power

&

Light

Co

2

.450

02/03/32

833,113‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

92

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

100,000

Florida

Power

&

Light

Co

4

.125

%

02/01/42

$

86,622‌

200,000

Florida

Power

&

Light

Co

4

.050

06/01/42

172,006‌

450,000

Florida

Power

&

Light

Co

3

.800

12/15/42

371,695‌

400,000

Florida

Power

&

Light

Co

4

.050

10/01/44

338,537‌

500,000

Florida

Power

&

Light

Co

3

.700

12/01/47

400,852‌

1,675,000

Florida

Power

&

Light

Co

3

.950

03/01/48

1,382,361‌

500,000

Florida

Power

&

Light

Co

4

.125

06/01/48

424,886‌

1,100,000

Florida

Power

&

Light

Co

3

.990

03/01/49

922,216‌

400,000

Florida

Power

&

Light

Co

3

.150

10/01/49

288,111‌

500,000

Florida

Power

&

Light

Co

2

.875

12/04/51

335,322‌

768,000

Fortis,

Inc

3

.055

10/04/26

712,389‌

600,000

Georgia

Power

Co

2

.200

09/15/24

572,158‌

100,000

Georgia

Power

Co

3

.250

04/01/26

94,543‌

700,000

Georgia

Power

Co

3

.250

03/30/27

646,676‌

700,000

Georgia

Power

Co

2

.650

09/15/29

597,724‌

625,000

Georgia

Power

Co

4

.300

03/15/42

536,646‌

700,000

Georgia

Power

Co

4

.300

03/15/43

583,506‌

2,500,000

Georgia

Power

Co

3

.250

03/15/51

1,720,310‌

200,000

Gulf

Power

Co

3

.300

05/30/27

188,004‌

250,000

Iberdrola

International

BV

5

.810

03/15/25

253,391‌

400,000

Iberdrola

International

BV

6

.750

07/15/36

422,955‌

500,000

Indiana

Michigan

Power

Co

3

.850

05/15/28

471,201‌

225,000

Indiana

Michigan

Power

Co

4

.550

03/15/46

188,047‌

100,000

Indiana

Michigan

Power

Co

3

.750

07/01/47

74,223‌

300,000

Indiana

Michigan

Power

Co

4

.250

08/15/48

243,253‌

675,000

Indiana

Michigan

Power

Co

3

.250

05/01/51

459,156‌

500,000

Interstate

Power

&

Light

Co

3

.250

12/01/24

482,301‌

725,000

Interstate

Power

&

Light

Co

4

.100

09/26/28

690,320‌

325,000

Interstate

Power

&

Light

Co

3

.600

04/01/29

297,151‌

125,000

Interstate

Power

&

Light

Co

2

.300

06/01/30

102,136‌

100,000

Interstate

Power

&

Light

Co

6

.250

07/15/39

102,694‌

100,000

Interstate

Power

&

Light

Co

3

.700

09/15/46

72,499‌

300,000

Interstate

Power

&

Light

Co

3

.500

09/30/49

213,627‌

1,000,000

Interstate

Power

and

Light

Co

3

.100

11/30/51

648,459‌

1,000,000

IPALCO

Enterprises,

Inc

3

.700

09/01/24

969,018‌

100,000

IPALCO

Enterprises,

Inc

4

.250

05/01/30

88,837‌

300,000

ITC

Holdings

Corp

3

.650

06/15/24

292,653‌

100,000

ITC

Holdings

Corp

3

.250

06/30/26

93,520‌

900,000

ITC

Holdings

Corp

3

.350

11/15/27

828,625‌

200,000

Kansas

City

Power

&

Light

Co

3

.650

08/15/25

194,262‌

100,000

Kansas

City

Power

&

Light

Co

5

.300

10/01/41

95,443‌

650,000

Kansas

City

Power

&

Light

Co

4

.200

06/15/47

527,144‌

100,000

Kansas

City

Power

&

Light

Co

4

.200

03/15/48

81,067‌

300,000

Kansas

City

Power

&

Light

Co

4

.125

04/01/49

240,130‌

300,000

Kentucky

Utilities

Co

4

.375

10/01/45

253,765‌

400,000

Kentucky

Utilities

Co

3

.300

06/01/50

280,952‌

250,000

KeySpan

Corp

5

.803

04/01/35

235,050‌

300,000

Louisville

Gas

&

Electric

Co

4

.250

04/01/49

248,732‌

1,500,000

MidAmerican

Energy

Co

3

.100

05/01/27

1,404,329‌

575,000

MidAmerican

Energy

Co

3

.650

04/15/29

537,604‌

200,000

MidAmerican

Energy

Co

4

.800

09/15/43

186,334‌

200,000

MidAmerican

Energy

Co

4

.400

10/15/44

176,579‌

200,000

MidAmerican

Energy

Co

4

.250

05/01/46

169,223‌

500,000

MidAmerican

Energy

Co

3

.950

08/01/47

407,034‌

1,000,000

MidAmerican

Energy

Co

3

.650

08/01/48

784,647‌

300,000

MidAmerican

Energy

Co

4

.250

07/15/49

254,469‌

300,000

MidAmerican

Energy

Co

3

.150

04/15/50

212,322‌

1,000,000

MidAmerican

Energy

Co

2

.700

08/01/52

640,255‌

500,000

Mississippi

Power

Co

3

.950

03/30/28

468,874‌

750,000

Mississippi

Power

Co

4

.250

03/15/42

608,389‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

93

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

1,000,000

Mississippi

Power

Co

3

.100

%

07/30/51

$

636,298‌

140,000

National

Fuel

Gas

Co

3

.750

03/01/23

139,623‌

300,000

National

Fuel

Gas

Co

5

.200

07/15/25

298,430‌

300,000

National

Fuel

Gas

Co

5

.500

01/15/26

298,455‌

200,000

National

Fuel

Gas

Co

3

.950

09/15/27

184,560‌

200,000

National

Fuel

Gas

Co

4

.750

09/01/28

186,929‌

1,100,000

National

Fuel

Gas

Co

2

.950

03/01/31

862,016‌

1,000,000

Nevada

Power

Co

3

.700

05/01/29

939,895‌

500,000

Nevada

Power

Co

2

.400

05/01/30

419,153‌

500,000

Nevada

Power

Co

3

.125

08/01/50

337,858‌

500,000

Nevada

Power

Co

5

.900

05/01/53

532,887‌

1,500,000

NextEra

Energy

Capital

Holdings,

Inc

4

.255

09/01/24

1,479,641‌

1,250,000

NextEra

Energy

Capital

Holdings,

Inc

4

.450

06/20/25

1,234,531‌

1,125,000

NextEra

Energy

Capital

Holdings,

Inc

3

.550

05/01/27

1,059,888‌

1,250,000

NextEra

Energy

Capital

Holdings,

Inc

4

.625

07/15/27

1,229,069‌

2,500,000

NextEra

Energy

Capital

Holdings,

Inc

1

.900

06/15/28

2,134,386‌

300,000

NextEra

Energy

Capital

Holdings,

Inc

3

.500

04/01/29

272,519‌

450,000

NextEra

Energy

Capital

Holdings,

Inc

2

.750

11/01/29

389,230‌

2,980,000

NextEra

Energy

Capital

Holdings,

Inc

2

.250

06/01/30

2,450,600‌

1,000,000

NextEra

Energy

Capital

Holdings,

Inc

2

.440

01/15/32

806,905‌

450,000

NextEra

Energy

Capital

Holdings,

Inc

5

.000

07/15/32

441,334‌

1,000,000

NextEra

Energy

Capital

Holdings,

Inc

3

.000

01/15/52

652,851‌

1,700,000

NextEra

Energy

Capital

Holdings,

Inc

5

.650

05/01/79

1,543,948‌

1,000,000

NextEra

Energy

Capital

Holdings,

Inc

3

.800

03/15/82

814,845‌

500,000

NiSource,

Inc

0

.950

08/15/25

450,747‌

1,000,000

NiSource,

Inc

3

.490

05/15/27

941,903‌

750,000

NiSource,

Inc

2

.950

09/01/29

650,470‌

200,000

NiSource,

Inc

3

.600

05/01/30

178,084‌

800,000

NiSource,

Inc

1

.700

02/15/31

609,859‌

77,000

NiSource,

Inc

5

.950

06/15/41

77,837‌

700,000

NiSource,

Inc

5

.250

02/15/43

662,078‌

450,000

NiSource,

Inc

4

.800

02/15/44

395,418‌

815,000

NiSource,

Inc

5

.650

02/01/45

795,200‌

350,000

NiSource,

Inc

4

.375

05/15/47

292,646‌

500,000

NiSource,

Inc

3

.950

03/30/48

387,836‌

200,000

NiSource,

Inc

5

.000

06/15/52

181,868‌

600,000

Northern

States

Power

Co

2

.250

04/01/31

498,163‌

425,000

Northern

States

Power

Co

5

.350

11/01/39

427,900‌

175,000

Northern

States

Power

Co

3

.600

05/15/46

134,657‌

1,950,000

Northern

States

Power

Co

3

.600

09/15/47

1,501,876‌

325,000

Northern

States

Power

Co

2

.900

03/01/50

222,288‌

750,000

Northern

States

Power

Co

2

.600

06/01/51

475,388‌

1,000,000

Northern

States

Power

Co

3

.200

04/01/52

710,968‌

400,000

Northern

States

Power

Co

4

.500

06/01/52

362,394‌

1,000,000

Northwest

Pipeline

LLC

4

.000

04/01/27

945,275‌

200,000

NorthWestern

Corp

4

.176

11/15/44

162,269‌

300,000

NSTAR

Electric

Co

3

.200

05/15/27

281,364‌

1,000,000

NSTAR

Electric

Co

1

.950

08/15/31

795,108‌

1,100,000

NSTAR

Electric

Co

3

.100

06/01/51

755,288‌

350,000

NSTAR

Electric

Co

4

.550

06/01/52

314,977‌

1,000,000

Nutrien

Ltd

5

.950

11/07/25

1,020,333‌

1,000,000

nVent

Finance

Sarl

2

.750

11/15/31

769,376‌

200,000

Nvent

Finance

Sarl

4

.550

04/15/28

183,628‌

500,000

g

Oglethorpe

Power

Corp

4

.500

04/01/47

396,959‌

500,000

Oglethorpe

Power

Corp

5

.050

10/01/48

427,503‌

750,000

Oglethorpe

Power

Corp

3

.750

08/01/50

537,847‌

500,000

Oglethorpe

Power

Corp

5

.250

09/01/50

427,617‌

2,000,000

Ohio

Power

Co

1

.625

01/15/31

1,547,579‌

500,000

Ohio

Power

Co

4

.150

04/01/48

405,637‌

1,500,000

Ohio

Power

Co

4

.000

06/01/49

1,182,924‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

94

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

1,000,000

Ohio

Power

Co

2

.900

%

10/01/51

$

650,620‌

200,000

Oklahoma

Gas

&

Electric

Co

3

.800

08/15/28

186,989‌

500,000

Oklahoma

Gas

&

Electric

Co

3

.300

03/15/30

441,055‌

100,000

Oklahoma

Gas

&

Electric

Co

3

.250

04/01/30

87,182‌

200,000

Oklahoma

Gas

&

Electric

Co

4

.150

04/01/47

158,733‌

200,000

Oklahoma

Gas

&

Electric

Co

3

.850

08/15/47

150,109‌

400,000

Oncor

Electric

Delivery

Co

LLC

2

.950

04/01/25

384,008‌

1,000,000

Oncor

Electric

Delivery

Co

LLC

0

.550

10/01/25

892,533‌

750,000

Oncor

Electric

Delivery

Co

LLC

3

.700

11/15/28

707,299‌

1,500,000

Oncor

Electric

Delivery

Co

LLC

5

.750

03/15/29

1,555,691‌

425,000

g

Oncor

Electric

Delivery

Co

LLC

4

.150

06/01/32

400,980‌

500,000

g

Oncor

Electric

Delivery

Co

LLC

4

.550

09/15/32

489,509‌

100,000

Oncor

Electric

Delivery

Co

LLC

5

.250

09/30/40

99,093‌

550,000

Oncor

Electric

Delivery

Co

LLC

4

.550

12/01/41

500,726‌

56,000

Oncor

Electric

Delivery

Co

LLC

5

.300

06/01/42

55,691‌

300,000

Oncor

Electric

Delivery

Co

LLC

3

.750

04/01/45

241,175‌

400,000

Oncor

Electric

Delivery

Co

LLC

3

.800

09/30/47

323,865‌

200,000

Oncor

Electric

Delivery

Co

LLC

4

.100

11/15/48

168,992‌

500,000

Oncor

Electric

Delivery

Co

LLC

3

.800

06/01/49

401,898‌

500,000

Oncor

Electric

Delivery

Co

LLC

3

.100

09/15/49

353,891‌

200,000

Oncor

Electric

Delivery

Co

LLC

3

.700

05/15/50

157,681‌

550,000

Oncor

Electric

Delivery

Co

LLC

2

.700

11/15/51

359,203‌

500,000

g

Oncor

Electric

Delivery

Co

LLC

4

.950

09/15/52

482,563‌

164,000

Oncor

Electric

Delivery

Co

LLC

5

.350

10/01/52

165,378‌

137,000

ONE

Gas,

Inc

3

.610

02/01/24

134,543‌

100,000

ONE

Gas,

Inc

2

.000

05/15/30

81,308‌

500,000

e

ONE

Gas,

Inc

4

.250

09/01/32

473,448‌

100,000

ONE

Gas,

Inc

4

.658

02/01/44

86,129‌

500,000

ONE

Gas,

Inc

4

.500

11/01/48

409,160‌

200,000

ONEOK

Partners

LP

5

.000

09/15/23

199,774‌

700,000

ONEOK

Partners

LP

4

.900

03/15/25

689,857‌

130,000

ONEOK

Partners

LP

6

.650

10/01/36

130,096‌

250,000

ONEOK

Partners

LP

6

.850

10/15/37

251,944‌

100,000

ONEOK

Partners

LP

6

.125

02/01/41

94,311‌

825,000

ONEOK,

Inc

6

.100

11/15/32

824,959‌

5,000,000

Pacific

Gas

and

Electric

Co

3

.150

01/01/26

4,646,037‌

500,000

Pacific

Gas

and

Electric

Co

5

.450

06/15/27

493,054‌

3,000,000

Pacific

Gas

and

Electric

Co

2

.100

08/01/27

2,562,094‌

1,500,000

Pacific

Gas

and

Electric

Co

3

.000

06/15/28

1,296,755‌

1,000,000

Pacific

Gas

and

Electric

Co

4

.200

03/01/29

892,776‌

3,000,000

Pacific

Gas

and

Electric

Co

4

.550

07/01/30

2,719,196‌

3,000,000

Pacific

Gas

and

Electric

Co

2

.500

02/01/31

2,327,659‌

2,000,000

Pacific

Gas

and

Electric

Co

3

.250

06/01/31

1,625,705‌

1,000,000

Pacific

Gas

and

Electric

Co

4

.400

03/01/32

872,813‌

500,000

Pacific

Gas

and

Electric

Co

5

.900

06/15/32

487,895‌

750,000

Pacific

Gas

and

Electric

Co

4

.500

07/01/40

586,175‌

1,000,000

Pacific

Gas

and

Electric

Co

3

.300

08/01/40

677,068‌

1,500,000

Pacific

Gas

and

Electric

Co

4

.200

06/01/41

1,110,331‌

1,200,000

Pacific

Gas

and

Electric

Co

4

.950

07/01/50

929,809‌

2,300,000

Pacific

Gas

and

Electric

Co

3

.500

08/01/50

1,428,566‌

1,000,000

Pacific

Gas

and

Electric

Co

5

.250

03/01/52

816,363‌

500,000

PacifiCorp

3

.500

06/15/29

460,065‌

500,000

PacifiCorp

2

.700

09/15/30

429,850‌

850,000

PacifiCorp

6

.000

01/15/39

884,041‌

300,000

PacifiCorp

4

.125

01/15/49

245,488‌

1,300,000

PacifiCorp

4

.150

02/15/50

1,066,010‌

250,000

PacifiCorp

3

.300

03/15/51

179,528‌

2,000,000

PacifiCorp

2

.900

06/15/52

1,305,578‌

750,000

PacifiCorp

5

.350

12/01/53

742,274‌

200,000

PECO

Energy

Co

3

.150

10/15/25

192,347‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

95

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

200,000

PECO

Energy

Co

4

.150

%

10/01/44

$

169,911‌

200,000

PECO

Energy

Co

3

.700

09/15/47

156,260‌

1,200,000

PECO

Energy

Co

3

.900

03/01/48

978,496‌

125,000

PECO

Energy

Co

3

.000

09/15/49

85,313‌

100,000

PECO

Energy

Co

2

.800

06/15/50

65,415‌

475,000

PECO

Energy

Co

3

.050

03/15/51

324,477‌

1,000,000

PECO

Energy

Co

2

.850

09/15/51

658,210‌

500,000

PECO

Energy

Co

4

.600

05/15/52

449,514‌

500,000

PECO

Energy

Co

4

.375

08/15/52

439,802‌

469,084

PG&E

WILDFIRE

RECOVERY

3

.594

06/01/30

444,183‌

250,000

PG&E

WILDFIRE

RECOVERY

4

.263

06/01/36

231,652‌

250,000

PG&E

WILDFIRE

RECOVERY

4

.377

06/01/39

222,608‌

1,000,000

PG&E

WILDFIRE

RECOVERY

4

.451

12/01/47

866,996‌

1,000,000

PG&E

WILDFIRE

RECOVERY

4

.674

12/01/51

885,403‌

500,000

PG&E

Wildfire

Recovery

Funding

LLC

4

.022

06/01/31

475,362‌

500,000

PG&E

Wildfire

Recovery

Funding

LLC

4

.722

06/01/37

474,431‌

500,000

PG&E

Wildfire

Recovery

Funding

LLC

5

.081

06/01/41

479,571‌

750,000

PG&E

Wildfire

Recovery

Funding

LLC

5

.212

12/01/47

723,978‌

750,000

PG&E

Wildfire

Recovery

Funding

LLC

5

.099

06/01/52

705,163‌

1,000,000

Piedmont

Natural

Gas

Co,

Inc

2

.500

03/15/31

815,603‌

200,000

Piedmont

Natural

Gas

Co,

Inc

4

.650

08/01/43

172,056‌

1,600,000

Piedmont

Natural

Gas

Co,

Inc

3

.350

06/01/50

1,070,256‌

1,000,000

Piedmont

Natural

Gas

Co,

Inc

5

.050

05/15/52

902,264‌

1,000,000

Pinnacle

West

Capital

Corp

1

.300

06/15/25

910,398‌

200,000

Potomac

Electric

Power

Co

3

.600

03/15/24

196,595‌

900,000

Potomac

Electric

Power

Co

4

.150

03/15/43

759,947‌

950,000

PPL

Capital

Funding,

Inc

3

.100

05/15/26

887,725‌

200,000

PPL

Electric

Utilities

Corp

4

.125

06/15/44

166,994‌

275,000

PPL

Electric

Utilities

Corp

4

.150

10/01/45

228,584‌

500,000

PPL

Electric

Utilities

Corp

3

.950

06/01/47

404,572‌

200,000

PPL

Electric

Utilities

Corp

4

.150

06/15/48

167,350‌

525,000

PPL

Electric

Utilities

Corp

3

.000

10/01/49

354,015‌

250,000

Public

Service

Co

of

Colorado

3

.700

06/15/28

237,891‌

1,000,000

Public

Service

Co

of

Colorado

1

.900

01/15/31

802,135‌

1,050,000

Public

Service

Co

of

Colorado

1

.875

06/15/31

835,849‌

275,000

Public

Service

Co

of

Colorado

4

.100

06/01/32

258,680‌

200,000

Public

Service

Co

of

Colorado

3

.800

06/15/47

157,512‌

100,000

Public

Service

Co

of

Colorado

4

.100

06/15/48

82,820‌

300,000

Public

Service

Co

of

Colorado

4

.050

09/15/49

246,227‌

400,000

Public

Service

Co

of

Colorado

3

.200

03/01/50

283,725‌

350,000

Public

Service

Co

of

Colorado

2

.700

01/15/51

225,338‌

1,200,000

Public

Service

Co

of

New

Hampshire

2

.200

06/15/31

985,623‌

100,000

Public

Service

Co

of

New

Hampshire

3

.600

07/01/49

76,726‌

500,000

Public

Service

Co

of

Oklahoma

2

.200

08/15/31

398,163‌

500,000

Public

Service

Co

of

Oklahoma

3

.150

08/15/51

331,416‌

300,000

Public

Service

Electric

&

Gas

Co

3

.250

09/01/23

296,513‌

300,000

Public

Service

Electric

&

Gas

Co

2

.250

09/15/26

272,447‌

450,000

Public

Service

Electric

&

Gas

Co

3

.000

05/15/27

420,235‌

250,000

Public

Service

Electric

&

Gas

Co

3

.700

05/01/28

236,852‌

500,000

Public

Service

Electric

&

Gas

Co

2

.450

01/15/30

428,937‌

200,000

Public

Service

Electric

&

Gas

Co

3

.800

01/01/43

162,915‌

600,000

Public

Service

Electric

&

Gas

Co

3

.800

03/01/46

475,003‌

200,000

Public

Service

Electric

&

Gas

Co

3

.600

12/01/47

151,875‌

250,000

Public

Service

Electric

&

Gas

Co

4

.050

05/01/48

205,895‌

500,000

Public

Service

Electric

&

Gas

Co

3

.850

05/01/49

395,608‌

575,000

Public

Service

Electric

&

Gas

Co

3

.200

08/01/49

410,459‌

500,000

Public

Service

Electric

&

Gas

Co

3

.150

01/01/50

349,630‌

175,000

Public

Service

Electric

&

Gas

Co

2

.700

05/01/50

113,036‌

425,000

Public

Service

Electric

&

Gas

Co

2

.050

08/01/50

236,817‌

1,000,000

Public

Service

Electric

and

Gas

Co

0

.950

03/15/26

887,740‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

96

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

1,000,000

Public

Service

Electric

and

Gas

Co

1

.900

%

08/15/31

$

794,875‌

225,000

Public

Service

Electric

and

Gas

Co

4

.900

12/15/32

225,403‌

2,000,000

Public

Service

Electric

and

Gas

Co

3

.000

03/01/51

1,361,308‌

400,000

Public

Service

Enterprise

Group,

Inc

0

.800

08/15/25

358,487‌

1,000,000

Public

Service

Enterprise

Group,

Inc

5

.850

11/15/27

1,029,046‌

400,000

Public

Service

Enterprise

Group,

Inc

1

.600

08/15/30

310,145‌

1,000,000

Public

Service

Enterprise

Group,

Inc

2

.450

11/15/31

799,171‌

1,585,000

Puget

Energy,

Inc

3

.650

05/15/25

1,507,534‌

1,000,000

Puget

Energy,

Inc

2

.379

06/15/28

850,874‌

1,000,000

Puget

Energy,

Inc

4

.100

06/15/30

892,961‌

250,000

Puget

Sound

Energy,

Inc

5

.757

10/01/39

249,747‌

200,000

Puget

Sound

Energy,

Inc

4

.300

05/20/45

165,458‌

275,000

Puget

Sound

Energy,

Inc

3

.250

09/15/49

188,069‌

750,000

Puget

Sound

Energy,

Inc

2

.893

09/15/51

478,995‌

1,000,000

g

Sabine

Pass

Liquefaction

LLC

5

.900

09/15/37

1,000,692‌

400,000

San

Diego

Gas

&

Electric

Co

3

.600

09/01/23

395,283‌

800,000

San

Diego

Gas

&

Electric

Co

2

.500

05/15/26

741,067‌

500,000

San

Diego

Gas

&

Electric

Co

1

.700

10/01/30

395,368‌

300,000

San

Diego

Gas

&

Electric

Co

3

.750

06/01/47

232,893‌

300,000

San

Diego

Gas

&

Electric

Co

4

.150

05/15/48

250,108‌

750,000

San

Diego

Gas

&

Electric

Co

4

.100

06/15/49

610,387‌

675,000

San

Diego

Gas

&

Electric

Co

2

.950

08/15/51

455,874‌

1,000,000

San

Diego

Gas

&

Electric

Co

3

.700

03/15/52

786,211‌

1,000,000

Santander

UK

Group

Holdings

plc

6

.833

11/21/26

1,012,921‌

1,525,000

Sempra

Energy

3

.250

06/15/27

1,410,587‌

675,000

Sempra

Energy

3

.400

02/01/28

626,467‌

825,000

Sempra

Energy

3

.800

02/01/38

676,536‌

125,000

Sempra

Energy

6

.000

10/15/39

126,317‌

850,000

Sempra

Energy

4

.000

02/01/48

662,385‌

1,380,000

Sempra

Energy

4

.125

04/01/52

1,068,584‌

869,000

Sierra

Pacific

Power

Co

2

.600

05/01/26

807,019‌

50,000

South

Carolina

Electric

&

Gas

Co

5

.300

05/15/33

50,337‌

125,000

South

Carolina

Electric

&

Gas

Co

5

.450

02/01/41

122,656‌

800,000

South

Carolina

Electric

&

Gas

Co

4

.600

06/15/43

712,041‌

100,000

Southern

California

Edison

Co

3

.400

06/01/23

99,198‌

500,000

Southern

California

Edison

Co

0

.700

08/01/23

487,072‌

500,000

Southern

California

Edison

Co

0

.975

08/01/24

467,560‌

500,000

Southern

California

Edison

Co

3

.700

08/01/25

483,741‌

1,000,000

Southern

California

Edison

Co

1

.200

02/01/26

886,768‌

500,000

Southern

California

Edison

Co

4

.700

06/01/27

489,599‌

750,000

Southern

California

Edison

Co

5

.850

11/01/27

771,965‌

750,000

Southern

California

Edison

Co

3

.650

03/01/28

699,101‌

500,000

Southern

California

Edison

Co

4

.200

03/01/29

475,542‌

600,000

Southern

California

Edison

Co

2

.850

08/01/29

521,464‌

1,750,000

Southern

California

Edison

Co

2

.250

06/01/30

1,441,222‌

1,500,000

Southern

California

Edison

Co

2

.500

06/01/31

1,236,017‌

500,000

Southern

California

Edison

Co

2

.750

02/01/32

418,634‌

750,000

Southern

California

Edison

Co

5

.950

11/01/32

792,449‌

185,000

Southern

California

Edison

Co

6

.050

03/15/39

187,832‌

300,000

Southern

California

Edison

Co

4

.500

09/01/40

256,172‌

825,000

Southern

California

Edison

Co

4

.650

10/01/43

713,089‌

450,000

Southern

California

Edison

Co

3

.600

02/01/45

322,803‌

1,937,000

Southern

California

Edison

Co

4

.000

04/01/47

1,513,718‌

1,675,000

Southern

California

Edison

Co

4

.125

03/01/48

1,336,606‌

1,500,000

Southern

California

Edison

Co

2

.950

02/01/51

960,946‌

1,000,000

Southern

California

Edison

Co

3

.650

06/01/51

726,821‌

500,000

Southern

California

Edison

Co

3

.450

02/01/52

355,715‌

200,000

Southern

California

Gas

Co

3

.200

06/15/25

192,964‌

200,000

Southern

California

Gas

Co

2

.600

06/15/26

185,366‌

1,000,000

Southern

California

Gas

Co

2

.950

04/15/27

922,147‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

97

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

500,000

Southern

California

Gas

Co

2

.550

%

02/01/30

$

425,493‌

150,000

Southern

California

Gas

Co

3

.750

09/15/42

117,315‌

500,000

Southern

California

Gas

Co

4

.125

06/01/48

400,951‌

300,000

Southern

California

Gas

Co

4

.300

01/15/49

246,875‌

500,000

Southern

California

Gas

Co

3

.950

02/15/50

387,974‌

500,000

Southern

California

Gas

Co

6

.350

11/15/52

546,950‌

2,000,000

Southern

Co

5

.113

08/01/27

1,992,577‌

1,500,000

Southern

Co

1

.750

03/15/28

1,262,877‌

2,500,000

Southern

Co

3

.700

04/30/30

2,256,308‌

400,000

Southern

Co

4

.250

07/01/36

350,080‌

800,000

Southern

Co

4

.400

07/01/46

667,192‌

1,000,000

Southern

Co

4

.000

01/15/51

910,000‌

1,500,000

Southern

Co

3

.750

09/15/51

1,211,177‌

200,000

Southern

Co

Gas

Capital

Corp

2

.450

10/01/23

195,641‌

400,000

Southern

Co

Gas

Capital

Corp

3

.250

06/15/26

372,349‌

500,000

Southern

Co

Gas

Capital

Corp

1

.750

01/15/31

383,152‌

275,000

Southern

Co

Gas

Capital

Corp

4

.400

06/01/43

224,709‌

100,000

Southern

Co

Gas

Capital

Corp

3

.950

10/01/46

74,939‌

900,000

Southern

Co

Gas

Capital

Corp

4

.400

05/30/47

712,838‌

175,000

Southern

Co

Gas

Capital

Corp

3

.150

09/30/51

113,275‌

200,000

Southern

Power

Co

4

.150

12/01/25

196,015‌

950,000

Southern

Power

Co

0

.900

01/15/26

836,249‌

300,000

Southern

Power

Co

4

.950

12/15/46

255,640‌

500,000

Southwest

Gas

Corp

5

.800

12/01/27

506,369‌

150,000

Southwest

Gas

Corp

3

.700

04/01/28

136,605‌

100,000

Southwest

Gas

Corp

2

.200

06/15/30

78,213‌

500,000

Southwest

Gas

Corp

4

.050

03/15/32

439,033‌

100,000

Southwest

Gas

Corp

3

.800

09/29/46

68,839‌

500,000

Southwest

Gas

Corp

4

.150

06/01/49

361,490‌

1,000,000

Southwest

Gas

Corp

3

.180

08/15/51

610,705‌

500,000

Southwestern

Electric

Power

Co

2

.750

10/01/26

460,132‌

675,000

Southwestern

Electric

Power

Co

4

.100

09/15/28

639,757‌

750,000

Southwestern

Electric

Power

Co

3

.850

02/01/48

553,046‌

750,000

Southwestern

Electric

Power

Co

3

.250

11/01/51

493,051‌

600,000

Southwestern

Public

Service

Co

4

.500

08/15/41

522,642‌

300,000

Southwestern

Public

Service

Co

3

.400

08/15/46

216,366‌

225,000

Southwestern

Public

Service

Co

3

.700

08/15/47

168,942‌

200,000

Southwestern

Public

Service

Co

4

.400

11/15/48

167,521‌

750,000

Southwestern

Public

Service

Co

3

.750

06/15/49

573,893‌

650,000

Southwestern

Public

Service

Co

3

.150

05/01/50

448,296‌

1,500,000

Spire

Missouri,

Inc

3

.300

06/01/51

1,022,838‌

1,000,000

Tampa

Electric

Co

2

.400

03/15/31

810,937‌

100,000

Tampa

Electric

Co

4

.100

06/15/42

81,264‌

175,000

Tampa

Electric

Co

4

.350

05/15/44

145,016‌

200,000

Tampa

Electric

Co

4

.300

06/15/48

161,755‌

200,000

Tampa

Electric

Co

4

.450

06/15/49

165,012‌

575,000

Tampa

Electric

Co

3

.625

06/15/50

415,929‌

925,000

Tampa

Electric

Co

3

.450

03/15/51

645,767‌

300,000

TC

PipeLines

LP

4

.375

03/13/25

293,488‌

350,000

TC

PipeLines

LP

3

.900

05/25/27

329,729‌

200,000

Tucson

Electric

Power

Co

3

.050

03/15/25

191,562‌

125,000

Tucson

Electric

Power

Co

1

.500

08/01/30

95,618‌

200,000

Tucson

Electric

Power

Co

4

.850

12/01/48

171,071‌

2,000,000

Tucson

Electric

Power

Co

3

.250

05/01/51

1,315,988‌

200,000

Union

Electric

Co

2

.950

06/15/27

186,183‌

300,000

Union

Electric

Co

3

.500

03/15/29

276,645‌

500,000

Union

Electric

Co

2

.950

03/15/30

438,760‌

1,000,000

Union

Electric

Co

2

.150

03/15/32

790,377‌

100,000

Union

Electric

Co

8

.450

03/15/39

126,736‌

100,000

Union

Electric

Co

3

.900

09/15/42

81,836‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

98

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

100,000

Union

Electric

Co

3

.650

%

04/15/45

$

76,814‌

200,000

Union

Electric

Co

4

.000

04/01/48

160,994‌

1,000,000

Union

Electric

Co

3

.250

10/01/49

707,578‌

675,000

Union

Electric

Co

2

.625

03/15/51

425,315‌

125,000

Union

Electric

Co

3

.900

04/01/52

100,704‌

100,000

United

Utilities

plc

6

.875

08/15/28

105,577‌

500,000

Virginia

Electric

&

Power

Co

3

.450

02/15/24

491,074‌

900,000

Virginia

Electric

&

Power

Co

2

.950

11/15/26

838,690‌

1,750,000

Virginia

Electric

&

Power

Co

3

.500

03/15/27

1,653,813‌

2,000,000

Virginia

Electric

&

Power

Co

3

.800

04/01/28

1,884,174‌

1,000,000

Virginia

Electric

&

Power

Co

2

.875

07/15/29

880,420‌

250,000

Virginia

Electric

&

Power

Co

4

.650

08/15/43

219,485‌

400,000

Virginia

Electric

&

Power

Co

4

.450

02/15/44

342,936‌

200,000

Virginia

Electric

&

Power

Co

4

.200

05/15/45

162,550‌

1,100,000

Virginia

Electric

&

Power

Co

4

.000

11/15/46

862,643‌

700,000

Virginia

Electric

&

Power

Co

3

.800

09/15/47

535,100‌

1,300,000

Virginia

Electric

&

Power

Co

4

.600

12/01/48

1,125,961‌

500,000

Virginia

Electric

&

Power

Co

3

.300

12/01/49

357,083‌

500,000

Virginia

Electric

and

Power

Co

3

.750

05/15/27

477,163‌

1,000,000

Virginia

Electric

and

Power

Co

2

.300

11/15/31

804,786‌

1,000,000

e

Virginia

Electric

and

Power

Co

2

.400

03/30/32

807,947‌

500,000

Virginia

Electric

and

Power

Co

2

.450

12/15/50

296,373‌

500,000

Virginia

Electric

and

Power

Co

4

.625

05/15/52

436,335‌

200,000

Washington

Gas

Light

Co

3

.796

09/15/46

148,315‌

700,000

Washington

Gas

Light

Co

3

.650

09/15/49

507,688‌

365,000

WEC

Energy

Group,

Inc

3

.550

06/15/25

349,795‌

1,000,000

WEC

Energy

Group,

Inc

5

.150

10/01/27

1,010,671‌

500,000

WEC

Energy

Group,

Inc

1

.375

10/15/27

424,106‌

500,000

WEC

Energy

Group,

Inc

1

.800

10/15/30

389,862‌

500,000

Westar

Energy,

Inc

4

.125

03/01/42

415,103‌

175,000

Westar

Energy,

Inc

4

.100

04/01/43

143,545‌

375,000

Westar

Energy,

Inc

3

.250

09/01/49

259,189‌

175,000

Wisconsin

Electric

Power

Co

2

.050

12/15/24

165,643‌

1,000,000

Wisconsin

Electric

Power

Co

1

.700

06/15/28

851,313‌

575,000

Wisconsin

Electric

Power

Co

4

.750

09/30/32

563,407‌

200,000

Wisconsin

Electric

Power

Co

5

.625

05/15/33

206,247‌

200,000

Wisconsin

Electric

Power

Co

4

.300

10/15/48

163,078‌

325,000

Wisconsin

Power

&

Light

Co

3

.050

10/15/27

299,789‌

500,000

Wisconsin

Power

&

Light

Co

3

.000

07/01/29

440,890‌

225,000

Wisconsin

Power

&

Light

Co

3

.650

04/01/50

164,781‌

500,000

Wisconsin

Power

and

Light

Co

3

.950

09/01/32

457,596‌

200,000

Wisconsin

Public

Service

Corp

4

.752

11/01/44

176,267‌

300,000

Wisconsin

Public

Service

Corp

3

.300

09/01/49

209,142‌

550,000

Wisconsin

Public

Service

Corp

2

.850

12/01/51

351,712‌

750,000

Xcel

Energy,

Inc

3

.350

12/01/26

704,328‌

1,000,000

Xcel

Energy,

Inc

1

.750

03/15/27

875,965‌

900,000

Xcel

Energy,

Inc

4

.000

06/15/28

861,406‌

1,000,000

Xcel

Energy,

Inc

2

.350

11/15/31

798,889‌

200,000

Xcel

Energy,

Inc

4

.800

09/15/41

174,740‌

500,000

Xcel

Energy,

Inc

3

.500

12/01/49

364,662‌

1,000,000

Yale

Haven

Health

Services

Corp

2

.496

07/01/50

598,195‌

TOTAL

UTILITIES

406,164,953‌

TOTAL

CORPORATE

BONDS

4,780,646,309‌

(Cost

$5,565,380,751)

GOVERNMENT

BONDS

-

72

.8

%

AGENCY

SECURITIES

-

1

.0

%

10,000,000

Federal

Farm

Credit

Bank

(FFCB)

0

.300

09/01/23

9,707,156‌

1,145,000

FFCB

3

.500

12/20/23

1,129,684‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

99

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

AGENCY

SECURITIES—continued

$

1,670,000

FFCB

0

.250

%

02/26/24

$

1,587,407‌

7,500,000

FFCB

2

.625

05/16/24

7,290,846‌

1,500,000

FFCB

3

.375

08/26/24

1,468,821‌

10,000,000

FFCB

4

.250

09/26/24

9,943,812‌

1,750,000

FFCB

1

.125

01/06/25

1,634,874‌

4,000,000

FFCB

1

.750

02/14/25

3,798,207‌

5,000,000

FFCB

1

.650

07/23/35

3,474,300‌

3,200,000

Federal

Home

Loan

Bank

(FHLB)

0

.125

06/02/23

3,142,631‌

4,000,000

FHLB

2

.750

06/28/24

3,890,012‌

615,000

FHLB

3

.000

07/08/24

599,301‌

10,000,000

e

FHLB

0

.500

04/14/25

9,190,617‌

2,000,000

FHLB

0

.375

09/04/25

1,800,212‌

13,875,000

FHLB

3

.250

11/16/28

13,323,628‌

3,000,000

Federal

Home

Loan

Mortgage

Corp

(FHLMC)

0

.375

05/05/23

2,958,503‌

12,625,000

FHLMC

2

.750

06/19/23

12,518,466‌

3,782,000

FHLMC

0

.250

12/04/23

3,625,181‌

10,000,000

FHLMC

1

.500

02/12/25

9,422,798‌

6,000,000

FHLMC

0

.375

07/21/25

5,429,698‌

5,000,000

FHLMC

0

.375

09/23/25

4,499,405‌

10,000,000

Federal

National

Mortgage

Association

(FNMA)

2

.375

01/19/23

9,991,517‌

5,250,000

FNMA

0

.250

07/10/23

5,126,885‌

1,000,000

FNMA

2

.875

09/12/23

987,147‌

2,500,000

FNMA

2

.500

02/05/24

2,440,004‌

5,000,000

FNMA

1

.750

07/02/24

4,786,231‌

13,700,000

FNMA

2

.625

09/06/24

13,291,044‌

3,000,000

FNMA

1

.625

01/07/25

2,833,907‌

4,000,000

FNMA

0

.625

04/22/25

3,674,975‌

10,000,000

FNMA

0

.375

08/25/25

9,018,851‌

4,500,000

FNMA

0

.500

11/07/25

4,046,642‌

4,000,000

FNMA

1

.875

09/24/26

3,690,612‌

3,000,000

e

FNMA

0

.750

10/08/27

2,583,707‌

10,000,000

FNMA

0

.875

08/05/30

7,937,911‌

5,000,000

FNMA

6

.625

11/15/30

5,863,325‌

1,000,000

FNMA

5

.625

07/15/37

1,117,782‌

1,300,000

Hashemite

Kingdom

of

Jordan

Government

AID

Bond

3

.000

06/30/25

1,253,569‌

800,000

Israel

Government

AID

International

Bond

5

.500

09/18/23

803,514‌

300,000

Israel

Government

AID

International

Bond

5

.500

04/26/24

301,861‌

250,000

Private

Export

Funding

Corp

(PEFCO)

1

.750

11/15/24

235,280‌

200,000

PEFCO

3

.250

06/15/25

192,519‌

750,000

Tennessee

Valley

Authority

(TVA)

2

.875

09/15/24

726,897‌

2,000,000

TVA

0

.750

05/15/25

1,827,691‌

1,425,000

TVA

2

.875

02/01/27

1,349,086‌

5,000,000

TVA

1

.500

09/15/31

3,923,312‌

500,000

TVA

5

.880

04/01/36

548,322‌

500,000

TVA

5

.500

06/15/38

537,908‌

4,300,000

TVA

3

.500

12/15/42

3,567,964‌

750,000

TVA

4

.250

09/15/52

663,514‌

1,750,000

TVA

4

.625

09/15/60

1,635,750‌

300,000

TVA

4

.250

09/15/65

260,358‌

TOTAL

AGENCY

SECURITIES

205,653,644‌

FOREIGN

GOVERNMENT

BONDS

-

3

.1

%

5,000,000

African

Development

Bank

0

.875

03/23/26

4,470,943‌

3,000,000

African

Development

Bank

0

.875

07/22/26

2,655,717‌

2,250,000

Asian

Development

Bank

0

.250

07/14/23

2,197,277‌

2,000,000

Asian

Development

Bank

0

.250

10/06/23

1,932,086‌

2,200,000

Asian

Development

Bank

2

.625

01/30/24

2,148,259‌

1,220,000

Asian

Development

Bank

0

.625

10/08/24

1,137,908‌

2,000,000

e

Asian

Development

Bank

1

.500

10/18/24

1,892,816‌

500,000

Asian

Development

Bank

2

.000

01/22/25

475,416‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

100

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

$

3,000,000

Asian

Development

Bank

2

.875

%

05/06/25

$

2,895,960‌

6,000,000

Asian

Development

Bank

0

.375

09/03/25

5,392,936‌

3,000,000

Asian

Development

Bank

0

.500

02/04/26

2,666,542‌

5,000,000

Asian

Development

Bank

1

.000

04/14/26

4,496,998‌

1,500,000

Asian

Development

Bank

2

.000

04/24/26

1,394,165‌

1,000,000

Asian

Development

Bank

2

.625

01/12/27

941,579‌

6,000,000

Asian

Development

Bank

1

.500

01/20/27

5,400,240‌

500,000

Asian

Development

Bank

2

.375

08/10/27

462,305‌

500,000

Asian

Development

Bank

2

.500

11/02/27

463,315‌

1,000,000

Asian

Development

Bank

2

.750

01/19/28

935,843‌

2,500,000

Asian

Development

Bank

1

.250

06/09/28

2,144,946‌

75,000

Asian

Development

Bank

5

.820

06/16/28

80,346‌

2,575,000

Asian

Development

Bank

3

.125

09/26/28

2,424,042‌

2,000,000

Asian

Development

Bank

1

.750

09/19/29

1,721,282‌

3,500,000

Asian

Development

Bank

1

.875

01/24/30

3,005,709‌

1,000,000

Asian

Development

Bank

0

.750

10/08/30

778,756‌

3,000,000

e

Asian

Development

Bank

1

.500

03/04/31

2,465,640‌

500,000

Asian

Development

Bank

3

.125

04/27/32

462,053‌

2,400,000

Asian

Development

Bank

3

.875

09/28/32

2,359,922‌

3,000,000

Asian

Infrastructure

Investment

Bank

0

.500

10/30/24

2,779,487‌

3,000,000

Asian

Infrastructure

Investment

Bank

0

.500

05/28/25

2,725,170‌

3,000,000

Asian

Infrastructure

Investment

Bank

0

.500

01/27/26

2,648,638‌

2,000,000

Asian

Infrastructure

Investment

Bank

3

.750

09/14/27

1,947,055‌

3,000,000

Canada

Government

International

Bond

1

.625

01/22/25

2,835,822‌

1,870,000

Canada

Government

International

Bond

2

.875

04/28/25

1,808,537‌

1,000,000

Canada

Government

International

Bond

0

.750

05/19/26

889,928‌

600,000

Chile

Government

International

Bond

2

.750

01/31/27

551,349‌

1,715,000

Chile

Government

International

Bond

3

.240

02/06/28

1,588,152‌

2,500,000

e

Chile

Government

International

Bond

2

.450

01/31/31

2,073,568‌

3,500,000

e

Chile

Government

International

Bond

2

.550

01/27/32

2,863,619‌

1,000,000

Chile

Government

International

Bond

2

.550

07/27/33

782,618‌

600,000

Chile

Government

International

Bond

3

.500

01/31/34

510,779‌

1,700,000

Chile

Government

International

Bond

3

.100

05/07/41

1,221,173‌

1,000,000

Chile

Government

International

Bond

4

.340

03/07/42

844,891‌

2,613,000

e

Chile

Government

International

Bond

3

.500

01/25/50

1,882,989‌

1,500,000

Chile

Government

International

Bond

3

.500

04/15/53

1,063,888‌

2,500,000

Chile

Government

International

Bond

3

.100

01/22/61

1,556,481‌

750,000

Chile

Government

International

Bond

3

.250

09/21/71

461,711‌

750,000

Corp

Andina

de

Fomento

2

.750

01/06/23

749,296‌

1,000,000

Corp

Andina

de

Fomento

2

.375

05/12/23

988,607‌

750,000

Corp

Andina

de

Fomento

3

.750

11/23/23

738,130‌

1,125,000

Corp

Andina

de

Fomento

1

.250

10/26/24

1,044,753‌

1,000,000

e

Corp

Andina

de

Fomento

1

.625

09/23/25

906,212‌

1,000,000

Corp

Andina

de

Fomento

5

.250

11/21/25

995,300‌

1,480,000

Council

of

Europe

Development

Bank

1

.375

02/27/25

1,385,758‌

1,500,000

Council

Of

Europe

Development

Bank

3

.000

06/16/25

1,449,027‌

2,000,000

Council

Of

Europe

Development

Bank

0

.875

09/22/26

1,761,531‌

2,000,000

European

Bank

for

Reconstruction

&

Development

1

.625

09/27/24

1,899,485‌

3,000,000

European

Bank

for

Reconstruction

&

Development

0

.500

11/25/25

2,682,138‌

2,000,000

e

European

Bank

for

Reconstruction

&

Development

0

.500

01/28/26

1,779,914‌

4,000,000

European

Investment

Bank

2

.250

06/24/24

3,864,687‌

5,000,000

European

Investment

Bank

0

.375

07/24/24

4,682,569‌

1,500,000

e

European

Investment

Bank

2

.500

10/15/24

1,447,475‌

3,250,000

European

Investment

Bank

1

.625

03/14/25

3,062,215‌

3,500,000

European

Investment

Bank

0

.625

07/25/25

3,184,855‌

5,000,000

European

Investment

Bank

2

.750

08/15/25

4,803,462‌

3,000,000

European

Investment

Bank

0

.375

12/15/25

2,677,565‌

3,500,000

European

Investment

Bank

0

.375

03/26/26

3,089,644‌

2,760,000

European

Investment

Bank

0

.750

10/26/26

2,419,682‌

7,000,000

European

Investment

Bank

1

.375

03/15/27

6,260,791‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

101

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

$

400,000

European

Investment

Bank

2

.375

%

05/24/27

$

371,416‌

250,000

European

Investment

Bank

0

.625

10/21/27

212,058‌

1,310,000

European

Investment

Bank

3

.250

11/15/27

1,259,180‌

550,000

European

Investment

Bank

1

.625

10/09/29

470,619‌

1,000,000

European

Investment

Bank

0

.875

05/17/30

797,443‌

2,000,000

European

Investment

Bank

0

.750

09/23/30

1,568,909‌

2,500,000

e

European

Investment

Bank

1

.250

02/14/31

2,031,542‌

1,705,000

European

Investment

Bank

4

.875

02/15/36

1,812,876‌

1,300,000

Export

Development

Canada

2

.625

02/21/24

1,269,736‌

4,000,000

Export

Development

Canada

3

.375

08/26/25

3,894,179‌

1,375,000

Export-Import

Bank

of

Korea

3

.625

11/27/23

1,358,175‌

500,000

Export-Import

Bank

of

Korea

4

.000

01/14/24

494,541‌

750,000

Export-Import

Bank

of

Korea

2

.875

01/21/25

711,759‌

750,000

Export-Import

Bank

of

Korea

1

.875

02/12/25

703,934‌

1,000,000

Export-Import

Bank

of

Korea

0

.750

09/21/25

893,223‌

250,000

Export-Import

Bank

of

Korea

3

.250

11/10/25

236,093‌

1,000,000

Export-Import

Bank

of

Korea

0

.625

02/09/26

880,597‌

500,000

Export-Import

Bank

of

Korea

2

.625

05/26/26

462,980‌

500,000

Export-Import

Bank

of

Korea

3

.250

08/12/26

469,941‌

750,000

Export-Import

Bank

of

Korea

1

.125

12/29/26

649,151‌

1,000,000

Export-Import

Bank

of

Korea

1

.625

01/18/27

876,959‌

500,000

Export-Import

Bank

of

Korea

2

.375

04/21/27

447,942‌

1,000,000

Export-Import

Bank

of

Korea

4

.250

09/15/27

980,244‌

1,000,000

Export-Import

Bank

of

Korea

1

.250

09/21/30

771,821‌

1,000,000

Export-Import

Bank

of

Korea

1

.375

02/09/31

761,224‌

1,000,000

Export-Import

Bank

of

Korea

2

.125

01/18/32

796,071‌

485,000

Export-Import

Bank

of

Korea

4

.500

09/15/32

471,951‌

1,000,000

Export-Import

Bank

of

Korea

2

.500

06/29/41

695,101‌

100,000

Finland

Government

International

Bond

6

.950

02/15/26

106,216‌

1,250,000

Hungary

Government

International

Bond

7

.625

03/29/41

1,363,182‌

200,000

Hydro

Quebec

8

.500

12/01/29

243,219‌

750,000

Indonesia

Government

International

Bond

2

.950

01/11/23

735,804‌

1,000,000

Indonesia

Government

International

Bond

4

.150

09/20/27

980,492‌

750,000

Indonesia

Government

International

Bond

3

.500

01/11/28

706,595‌

900,000

Indonesia

Government

International

Bond

4

.750

02/11/29

896,625‌

1,250,000

Indonesia

Government

International

Bond

3

.400

09/18/29

1,135,565‌

1,000,000

Indonesia

Government

International

Bond

2

.850

02/14/30

889,827‌

675,000

Indonesia

Government

International

Bond

3

.850

10/15/30

632,788‌

1,500,000

Indonesia

Government

International

Bond

1

.850

03/12/31

1,214,721‌

1,500,000

Indonesia

Government

International

Bond

2

.150

07/28/31

1,241,825‌

300,000

Indonesia

Government

International

Bond

3

.550

03/31/32

271,211‌

1,000,000

Indonesia

Government

International

Bond

4

.650

09/20/32

980,618‌

875,000

Indonesia

Government

International

Bond

4

.350

01/11/48

746,139‌

1,125,000

Indonesia

Government

International

Bond

5

.350

02/11/49

1,091,239‌

1,000,000

Indonesia

Government

International

Bond

3

.700

10/30/49

770,177‌

1,000,000

Indonesia

Government

International

Bond

3

.500

02/14/50

747,976‌

2,000,000

Indonesia

Government

International

Bond

4

.200

10/15/50

1,656,374‌

485,000

Indonesia

Government

International

Bond

4

.300

03/31/52

411,192‌

500,000

Indonesia

Government

International

Bond

5

.450

09/20/52

485,050‌

1,000,000

Indonesia

Government

International

Bond

3

.200

09/23/61

680,970‌

500,000

Indonesia

Government

International

Bond

4

.450

04/15/70

419,914‌

1,750,000

Indonesia

Government

International

Bond

3

.350

03/12/71

1,127,078‌

1,500,000

Inter-American

Development

Bank

2

.625

01/16/24

1,465,596‌

500,000

Inter-American

Development

Bank

2

.125

01/15/25

477,078‌

5,000,000

Inter-American

Development

Bank

1

.750

03/14/25

4,714,079‌

10,000,000

Inter-American

Development

Bank

0

.625

07/15/25

9,103,300‌

4,000,000

Inter-American

Development

Bank

0

.875

04/20/26

3,578,792‌

1,500,000

Inter-American

Development

Bank

2

.000

06/02/26

1,389,389‌

1,500,000

Inter-American

Development

Bank

2

.000

07/23/26

1,386,076‌

5,000,000

Inter-American

Development

Bank

1

.500

01/13/27

4,499,565‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

102

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

$

1,000,000

Inter-American

Development

Bank

2

.375

%

07/07/27

$

924,800‌

2,000,000

Inter-American

Development

Bank

0

.625

09/16/27

1,697,186‌

4,000,000

Inter-American

Development

Bank

1

.125

07/20/28

3,396,334‌

2,000,000

Inter-American

Development

Bank

3

.125

09/18/28

1,891,939‌

3,000,000

Inter-American

Development

Bank

2

.250

06/18/29

2,679,843‌

2,000,000

Inter-American

Development

Bank

3

.500

09/14/29

1,921,931‌

3,000,000

Inter-American

Development

Bank

1

.125

01/13/31

2,396,370‌

1,450,000

Inter-American

Development

Bank

3

.200

08/07/42

1,201,322‌

300,000

Inter-American

Development

Bank

4

.375

01/24/44

293,750‌

2,000,000

Inter-American

Investment

Corp

2

.625

04/22/25

1,915,270‌

5,400,000

International

Bank

for

Reconstruction

&

Development

7

.625

01/19/23

5,407,227‌

2,000,000

International

Bank

for

Reconstruction

&

Development

1

.500

08/28/24

1,899,457‌

1,600,000

International

Bank

for

Reconstruction

&

Development

2

.500

11/25/24

1,539,454‌

5,000,000

International

Bank

for

Reconstruction

&

Development

1

.625

01/15/25

4,722,801‌

6,000,000

International

Bank

for

Reconstruction

&

Development

0

.375

07/28/25

5,422,080‌

4,500,000

International

Bank

for

Reconstruction

&

Development

2

.500

07/29/25

4,295,087‌

5,500,000

International

Bank

for

Reconstruction

&

Development

0

.500

10/28/25

4,941,090‌

500,000

International

Bank

for

Reconstruction

&

Development

3

.125

11/20/25

483,040‌

7,000,000

International

Bank

for

Reconstruction

&

Development

0

.875

07/15/26

6,224,726‌

2,000,000

International

Bank

for

Reconstruction

&

Development

0

.750

11/24/27

1,699,380‌

6,000,000

International

Bank

for

Reconstruction

&

Development

3

.625

09/21/29

5,806,207‌

2,000,000

International

Bank

for

Reconstruction

&

Development

1

.750

10/23/29

1,719,520‌

5,000,000

International

Bank

for

Reconstruction

&

Development

0

.875

05/14/30

3,972,147‌

3,000,000

International

Bank

for

Reconstruction

&

Development

0

.750

08/26/30

2,340,031‌

5,000,000

International

Bank

for

Reconstruction

&

Development

1

.250

02/10/31

4,035,267‌

5,000,000

International

Bank

for

Reconstruction

&

Development

1

.625

11/03/31

4,092,545‌

5,000,000

e

International

Bank

for

Reconstruction

&

Development

2

.500

03/29/32

4,388,699‌

834,000

International

Bank

for

Reconstruction

&

Development

4

.750

02/15/35

868,194‌

1,300,000

International

Finance

Corp

2

.875

07/31/23

1,285,452‌

2,500,000

International

Finance

Corp

0

.375

07/16/25

2,260,609‌

5,000,000

International

Finance

Corp

0

.750

08/27/30

3,895,870‌

300,000

Israel

Government

International

Bond

3

.150

06/30/23

296,158‌

1,000,000

Israel

Government

International

Bond

2

.875

03/16/26

949,687‌

975,000

Israel

Government

International

Bond

3

.250

01/17/28

925,556‌

600,000

Israel

Government

International

Bond

2

.750

07/03/30

545,392‌

1,500,000

Israel

Government

International

Bond

4

.500

01/30/43

1,397,988‌

200,000

Israel

Government

International

Bond

4

.125

01/17/48

175,111‌

1,800,000

Israel

Government

International

Bond

3

.875

07/03/50

1,508,581‌

300,000

Israel

Government

International

Bond

4

.500

04/03/20

263,092‌

4,250,000

Japan

Bank

for

International

Cooperation

3

.375

10/31/23

4,188,673‌

2,300,000

Japan

Bank

for

International

Cooperation

2

.500

05/23/24

2,224,417‌

720,000

Japan

Bank

for

International

Cooperation

1

.750

10/17/24

681,065‌

500,000

Japan

Bank

for

International

Cooperation

2

.125

02/10/25

474,348‌

1,200,000

Japan

Bank

for

International

Cooperation

2

.875

04/14/25

1,151,464‌

3,000,000

Japan

Bank

for

International

Cooperation

0

.625

07/15/25

2,706,599‌

5,750,000

Japan

Bank

for

International

Cooperation

2

.750

01/21/26

5,433,390‌

400,000

Japan

Bank

for

International

Cooperation

2

.375

04/20/26

370,948‌

1,500,000

Japan

Bank

for

International

Cooperation

1

.875

07/21/26

1,359,337‌

1,000,000

Japan

Bank

for

International

Cooperation

2

.875

06/01/27

930,495‌

750,000

Japan

Bank

for

International

Cooperation

2

.875

07/21/27

696,429‌

300,000

Japan

Bank

for

International

Cooperation

2

.750

11/16/27

276,015‌

750,000

Japan

Bank

for

International

Cooperation

3

.500

10/31/28

705,864‌

2,000,000

Japan

Bank

for

International

Cooperation

2

.125

02/16/29

1,734,858‌

1,000,000

Japan

Bank

for

International

Cooperation

2

.000

10/17/29

848,252‌

1,500,000

Japan

Bank

for

International

Cooperation

1

.250

01/21/31

1,167,585‌

3,000,000

Japan

Bank

for

International

Cooperation

1

.875

04/15/31

2,444,959‌

350,000

Japan

International

Cooperation

Agency

2

.125

10/20/26

318,495‌

1,900,000

Japan

International

Cooperation

Agency

3

.250

05/25/27

1,798,976‌

700,000

Japan

International

Cooperation

Agency

3

.375

06/12/28

656,251‌

2,000,000

Japan

International

Cooperation

Agency

1

.000

07/22/30

1,528,726‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

103

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

$

1,500,000

Japan

International

Cooperation

Agency

1

.750

%

04/28/31

$

1,209,409‌

500,000

Korea

Development

Bank

2

.750

03/19/23

497,975‌

950,000

Korea

Development

Bank

0

.500

10/27/23

917,565‌

500,000

Korea

Development

Bank

3

.750

01/22/24

494,609‌

700,000

Korea

Development

Bank

3

.250

02/19/24

686,541‌

500,000

Korea

Development

Bank

0

.400

06/19/24

467,725‌

1,000,000

Korea

Development

Bank

2

.125

10/01/24

951,855‌

750,000

Korea

Development

Bank

1

.750

02/18/25

699,653‌

200,000

Korea

Development

Bank

3

.375

09/16/25

190,938‌

400,000

Korea

Development

Bank

3

.000

01/13/26

379,420‌

1,000,000

Korea

Development

Bank

0

.800

04/27/26

877,397‌

1,000,000

Korea

Development

Bank

0

.800

07/19/26

869,333‌

1,000,000

Korea

Development

Bank

1

.000

09/09/26

871,665‌

250,000

e

Korea

Development

Bank

2

.000

09/12/26

226,199‌

1,000,000

Korea

Development

Bank

2

.250

02/24/27

901,863‌

1,000,000

Korea

Development

Bank

1

.625

01/19/31

782,514‌

500,000

Korea

Government

International

Bond

3

.875

09/11/23

496,878‌

1,500,000

e

Korea

Government

International

Bond

2

.750

01/19/27

1,395,836‌

1,400,000

Korea

Government

International

Bond

4

.125

06/10/44

1,285,117‌

500,000

e

Korea

Government

International

Bond

3

.875

09/20/48

433,383‌

3,000,000

Kreditanstalt

fuer

Wiederaufbau

2

.625

02/28/24

2,926,146‌

6,100,000

Kreditanstalt

fuer

Wiederaufbau

0

.250

03/08/24

5,781,214‌

5,000,000

Kreditanstalt

fuer

Wiederaufbau

0

.500

09/20/24

4,660,618‌

2,000,000

Kreditanstalt

fuer

Wiederaufbau

2

.500

11/20/24

1,924,075‌

5,000,000

Kreditanstalt

fuer

Wiederaufbau

1

.250

01/31/25

4,680,807‌

7,000,000

Kreditanstalt

fuer

Wiederaufbau

2

.000

05/02/25

6,622,308‌

4,500,000

Kreditanstalt

fuer

Wiederaufbau

0

.625

01/22/26

4,029,709‌

3,219,000

Kreditanstalt

fuer

Wiederaufbau

1

.000

10/01/26

2,860,230‌

3,000,000

Kreditanstalt

fuer

Wiederaufbau

3

.000

05/20/27

2,860,645‌

7,750,000

Kreditanstalt

fuer

Wiederaufbau

2

.875

04/03/28

7,286,783‌

1,000,000

Kreditanstalt

fuer

Wiederaufbau

1

.750

09/14/29

862,081‌

5,000,000

Kreditanstalt

fuer

Wiederaufbau

0

.750

09/30/30

3,904,615‌

500,000

Landwirtschaftliche

Rentenbank

2

.000

01/13/25

475,309‌

2,000,000

Landwirtschaftliche

Rentenbank

0

.500

05/27/25

1,821,480‌

750,000

Landwirtschaftliche

Rentenbank

2

.375

06/10/25

713,888‌

1,000,000

Landwirtschaftliche

Rentenbank

1

.750

07/27/26

914,705‌

125,000

Landwirtschaftliche

Rentenbank

2

.500

11/15/27

115,652‌

4,000,000

Landwirtschaftliche

Rentenbank

0

.875

09/03/30

3,149,088‌

15,464,000

Mexico

Government

International

Bond

2

.659

05/24/31

12,472,160‌

10,635,000

Mexico

Government

International

Bond

4

.875

05/19/33

9,762,312‌

2,000,000

Mexico

Government

International

Bond

3

.500

02/12/34

1,600,537‌

9,053,000

Mexico

Government

International

Bond

4

.280

08/14/41

6,980,065‌

1,000,000

Mexico

Government

International

Bond

5

.000

04/27/51

811,593‌

5,934,000

Mexico

Government

International

Bond

4

.400

02/12/52

4,362,481‌

2,936,000

Mexico

Government

International

Bond

3

.771

05/24/61

1,854,171‌

3,000,000

Mexico

Government

International

Bond

3

.750

04/19/71

1,862,934‌

950,000

Mexico

Government

International

Bond

5

.750

10/12/10

799,049‌

500,000

Nordic

Investment

Bank

2

.875

07/19/23

494,829‌

2,000,000

Nordic

Investment

Bank

0

.375

09/11/25

1,796,187‌

1,500,000

Nordic

Investment

Bank

0

.500

01/21/26

1,346,721‌

1,000,000

Nordic

Investment

Bank

3

.375

09/08/27

965,672‌

1,000,000

Panama

Government

International

Bond

3

.750

03/16/25

966,401‌

300,000

Panama

Government

International

Bond

7

.125

01/29/26

316,045‌

2,000,000

Panama

Government

International

Bond

3

.875

03/17/28

1,879,306‌

1,450,000

Panama

Government

International

Bond

3

.160

01/23/30

1,246,977‌

2,500,000

Panama

Government

International

Bond

2

.252

09/29/32

1,851,264‌

2,500,000

Panama

Government

International

Bond

3

.298

01/19/33

2,022,728‌

500,000

Panama

Government

International

Bond

6

.400

02/14/35

507,205‌

692,000

Panama

Government

International

Bond

6

.700

01/26/36

720,753‌

750,000

Panama

Government

International

Bond

4

.500

05/15/47

576,019‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

104

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

$

2,250,000

Panama

Government

International

Bond

4

.500

%

04/16/50

$

1,696,128‌

1,450,000

Panama

Government

International

Bond

4

.300

04/29/53

1,046,619‌

1,500,000

Panama

Government

International

Bond

4

.500

04/01/56

1,092,818‌

3,500,000

Panama

Government

International

Bond

3

.870

07/23/60

2,254,472‌

1,250,000

Panama

Government

International

Bond

4

.500

01/19/63

880,133‌

400,000

Peruvian

Government

International

Bond

2

.392

01/23/26

368,185‌

5,000,000

Peruvian

Government

International

Bond

2

.844

06/20/30

4,223,449‌

2,500,000

Peruvian

Government

International

Bond

2

.783

01/23/31

2,068,074‌

1,500,000

Peruvian

Government

International

Bond

1

.862

12/01/32

1,094,032‌

990,000

Peruvian

Government

International

Bond

3

.000

01/15/34

779,777‌

1,100,000

Peruvian

Government

International

Bond

6

.550

03/14/37

1,158,276‌

1,000,000

Peruvian

Government

International

Bond

3

.300

03/11/41

727,039‌

1,850,000

Peruvian

Government

International

Bond

5

.625

11/18/50

1,826,737‌

2,000,000

e

Peruvian

Government

International

Bond

3

.550

03/10/51

1,421,656‌

1,500,000

Peruvian

Government

International

Bond

2

.780

12/01/60

872,420‌

1,500,000

Peruvian

Government

International

Bond

3

.600

01/15/72

973,957‌

1,000,000

Peruvian

Government

International

Bond

3

.230

07/28/21

580,397‌

225,000

Philippine

Government

International

Bond

4

.200

01/21/24

222,371‌

1,000,000

Philippine

Government

International

Bond

3

.229

03/29/27

948,983‌

1,000,000

Philippine

Government

International

Bond

5

.170

10/13/27

1,026,527‌

2,219,000

Philippine

Government

International

Bond

3

.000

02/01/28

2,049,257‌

3,375,000

Philippine

Government

International

Bond

3

.750

01/14/29

3,200,712‌

1,500,000

Philippine

Government

International

Bond

2

.457

05/05/30

1,304,740‌

2,000,000

Philippine

Government

International

Bond

1

.648

06/10/31

1,599,747‌

2,000,000

Philippine

Government

International

Bond

1

.950

01/06/32

1,628,122‌

1,000,000

Philippine

Government

International

Bond

3

.556

09/29/32

910,501‌

1,000,000

Philippine

Government

International

Bond

5

.609

04/13/33

1,060,954‌

4,083,000

Philippine

Government

International

Bond

3

.950

01/20/40

3,449,463‌

300,000

Philippine

Government

International

Bond

3

.700

03/01/41

244,414‌

3,793,000

Philippine

Government

International

Bond

3

.700

02/02/42

3,068,061‌

1,500,000

Philippine

Government

International

Bond

2

.950

05/05/45

1,074,149‌

1,500,000

Philippine

Government

International

Bond

2

.650

12/10/45

1,002,035‌

325,000

Philippine

Government

International

Bond

4

.200

03/29/47

276,791‌

1,000,000

e

Philippine

Government

International

Bond

5

.950

10/13/47

1,079,084‌

1,000,000

Poland

Government

International

Bond

4

.000

01/22/24

985,895‌

2,725,000

Poland

Government

International

Bond

3

.250

04/06/26

2,611,948‌

775,000

Province

of

Alberta

Canada

2

.950

01/23/24

758,723‌

1,500,000

Province

of

Alberta

Canada

1

.875

11/13/24

1,426,465‌

1,000,000

Province

of

Alberta

Canada

1

.000

05/20/25

920,107‌

925,000

Province

of

Alberta

Canada

3

.300

03/15/28

875,234‌

2,000,000

Province

of

Alberta

Canada

1

.300

07/22/30

1,597,964‌

2,000,000

Province

of

British

Columbia

Canada

1

.750

09/27/24

1,900,959‌

850,000

Province

of

British

Columbia

Canada

2

.250

06/02/26

792,065‌

1,500,000

Province

of

British

Columbia

Canada

0

.900

07/20/26

1,328,923‌

1,500,000

Province

of

British

Columbia

Canada

1

.300

01/29/31

1,190,146‌

1,000,000

Province

of

Manitoba

Canada

2

.600

04/16/24

973,246‌

1,300,000

Province

of

Manitoba

Canada

3

.050

05/14/24

1,268,652‌

500,000

Province

of

Manitoba

Canada

2

.125

06/22/26

462,279‌

1,500,000

Province

of

Manitoba

Canada

1

.500

10/25/28

1,272,435‌

500,000

Province

of

New

Brunswick

Canada

3

.625

02/24/28

481,420‌

1,000,000

Province

of

Ontario

Canada

3

.050

01/29/24

980,722‌

1,500,000

Province

of

Ontario

Canada

3

.200

05/16/24

1,466,291‌

2,000,000

Province

of

Ontario

Canada

0

.625

01/21/26

1,778,084‌

1,500,000

Province

of

Ontario

Canada

1

.050

04/14/26

1,341,513‌

1,000,000

Province

of

Ontario

Canada

2

.500

04/27/26

937,121‌

1,000,000

Province

of

Ontario

Canada

2

.300

06/15/26

927,516‌

1,000,000

e

Province

of

Ontario

Canada

3

.100

05/19/27

949,023‌

1,000,000

Province

of

Ontario

Canada

1

.050

05/21/27

867,005‌

2,000,000

e

Province

of

Ontario

Canada

2

.000

10/02/29

1,722,753‌

1,000,000

Province

of

Ontario

Canada

1

.125

10/07/30

784,210‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

105

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

$

3,000,000

Province

of

Ontario

Canada

1

.600

%

02/25/31

$

2,429,333‌

1,500,000

Province

of

Ontario

Canada

1

.800

10/14/31

1,214,963‌

3,000,000

Province

of

Ontario

Canada

2

.125

01/21/32

2,490,102‌

200,000

Province

of

Quebec

Canada

7

.125

02/09/24

204,677‌

500,000

Province

of

Quebec

Canada

2

.875

10/16/24

484,365‌

2,500,000

Province

of

Quebec

Canada

1

.500

02/11/25

2,350,190‌

2,000,000

Province

of

Quebec

Canada

0

.600

07/23/25

1,811,574‌

3,500,000

Province

of

Quebec

Canada

2

.500

04/20/26

3,289,706‌

500,000

Province

of

Quebec

Canada

2

.750

04/12/27

468,710‌

201,000

Province

of

Quebec

Canada

7

.500

09/15/29

236,086‌

1,500,000

Province

of

Quebec

Canada

1

.350

05/28/30

1,215,044‌

3,000,000

Province

of

Quebec

Canada

1

.900

04/21/31

2,487,390‌

1,000,000

Province

of

Saskatchewan

Canada

3

.250

06/08/27

953,316‌

1,600,000

Republic

of

Italy

Government

International

Bond

6

.875

09/27/23

1,608,766‌

3,000,000

Republic

of

Italy

Government

International

Bond

0

.875

05/06/24

2,801,377‌

2,000,000

Republic

of

Italy

Government

International

Bond

2

.375

10/17/24

1,881,330‌

1,500,000

Republic

of

Italy

Government

International

Bond

2

.875

10/17/29

1,245,202‌

1,599,000

Republic

of

Italy

Government

International

Bond

5

.375

06/15/33

1,548,027‌

2,000,000

Republic

of

Italy

Government

International

Bond

4

.000

10/17/49

1,413,467‌

3,000,000

Republic

of

Italy

Government

International

Bond

3

.875

05/06/51

2,011,038‌

1,500,000

Republic

of

Poland

Government

International

Bond

5

.500

11/16/27

1,541,219‌

850,000

Republic

of

Poland

Government

International

Bond

5

.750

11/16/32

906,989‌

2,000,000

State

of

Israel

2

.500

01/15/30

1,786,155‌

2,050,000

State

of

Israel

3

.375

01/15/50

1,569,263‌

870,000

Svensk

Exportkredit

AB

1

.750

12/12/23

845,043‌

2,000,000

Svensk

Exportkredit

AB

0

.375

07/30/24

1,866,026‌

500,000

Svensk

Exportkredit

AB

3

.625

09/03/24

490,172‌

1,000,000

Svensk

Exportkredit

AB

0

.625

05/14/25

912,810‌

3,000,000

Svensk

Exportkredit

AB

0

.500

08/26/25

2,698,200‌

2,250,000

Svensk

Exportkredit

AB

4

.625

11/28/25

2,250,797‌

1,122,886

Uruguay

Government

International

Bond

4

.375

01/23/31

1,115,341‌

4,457,660

Uruguay

Government

International

Bond

5

.750

10/28/34

4,817,649‌

500,000

Uruguay

Government

International

Bond

4

.125

11/20/45

460,429‌

2,063,907

Uruguay

Government

International

Bond

5

.100

06/18/50

2,022,295‌

2,425,000

Uruguay

Government

International

Bond

4

.975

04/20/55

2,316,831‌

TOTAL

FOREIGN

GOVERNMENT

BONDS

601,161,926‌

MORTGAGE

BACKED

-

27

.5

%

5,147

i

Federal

Home

Loan

Mortgage

Corp

(FHLMC)

DGS1

+

2.250%

3

.052

04/01/35

5,082‌

1,187

i

FHLMC

DGS1

+

2.125%

4

.250

10/01/35

1,155‌

14,768

i

FHLMC

DGS1

+

2.255%

3

.918

02/01/36

14,717‌

5,409

i

FHLMC

LIBOR

12

M

+

1.827%

3

.454

07/01/36

5,472‌

20,264

i

FHLMC

LIBOR

6

M

+

1.595%

3

.060

09/01/36

19,710‌

15,263

i

FHLMC

LIBOR

6

M

+

1.755%

4

.077

09/01/36

15,547‌

16,995

i

FHLMC

DGS1

+

2.248%

4

.300

09/01/36

16,722‌

8,391

i

FHLMC

DGS1

+

2.250%

3

.133

01/01/37

8,394‌

1,355

i

FHLMC

LIBOR

12

M

+

1.765%

2

.227

02/01/37

1,324‌

895

i

FHLMC

DGS1

+

2.250%

3

.255

02/01/37

909‌

66,074

i

FHLMC

LIBOR

12

M

+

1.842%

2

.801

03/01/37

66,505‌

9,399,244

FHLMC

1

.500

04/01/37

8,138,699‌

60,723

i

FHLMC

DGS1

+

2.250%

2

.420

04/01/37

61,391‌

18,274

i

FHLMC

LIBOR

12

M

+

1.614%

2

.966

04/01/37

17,935‌

14,178,992

FHLMC

2

.000

05/01/37

12,610,701‌

5,014

i

FHLMC

LIBOR

12

M

+

2.097%

3

.157

05/01/37

4,911‌

14,115

i

FHLMC

DGS1

+

2.248%

2

.799

06/01/37

13,721‌

1,310

i

FHLMC

LIBOR

12

M

+

1.750%

4

.000

06/01/37

1,295‌

26,782

i

FHLMC

LIBOR

6

M

+

1.270%

3

.248

08/01/37

26,608‌

5,614

i

FHLMC

LIBOR

12

M

+

0.905%

3

.155

09/01/37

5,541‌

2,610

i

FHLMC

LIBOR

6

M

+

1.520%

3

.848

09/01/37

2,579‌

189

i

FHLMC

LIBOR

12

M

+

1.795%

4

.045

09/01/37

187‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

106

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

19,935

i

FHLMC

LIBOR

12

M

+

2.055%

3

.430

%

04/01/38

$

19,871‌

5,179

i

FHLMC

LIBOR

12

M

+

2.004%

3

.230

06/01/38

5,085‌

1,862

i

FHLMC

LIBOR

12

M

+

1.625%

3

.875

07/01/38

1,883‌

3,129

i

FHLMC

LIBOR

12

M

+

1.861%

4

.111

06/01/40

3,084‌

3,777

i

FHLMC

LIBOR

12

M

+

1.880%

4

.130

07/01/40

3,724‌

6,555

i

FHLMC

LIBOR

12

M

+

1.887%

2

.217

01/01/41

6,412‌

2,786

i

FHLMC

LIBOR

12

M

+

1.880%

3

.255

05/01/41

2,734‌

74,551

i

FHLMC

LIBOR

12

M

+

1.859%

3

.269

08/01/41

73,322‌

48,634

i

FHLMC

LIBOR

12

M

+

1.750%

4

.000

09/01/41

48,975‌

9,038

i

FHLMC

LIBOR

12

M

+

1.860%

4

.110

10/01/41

9,115‌

12,397,378

FHLMC

3

.000

11/01/49

11,054,340‌

13,374,869

FHLMC

3

.000

11/01/49

11,970,136‌

25,585,916

FHLMC

3

.000

02/01/50

22,804,641‌

17,819,726

FHLMC

3

.500

04/01/50

16,418,809‌

9,269,447

FHLMC

3

.500

07/01/50

8,495,902‌

571

Federal

Home

Loan

Mortgage

Corp

Gold

(FGLMC)

5

.000

04/01/23

574‌

43

FGLMC

4

.500

05/01/23

43‌

988

FGLMC

5

.000

05/01/23

984‌

378

FGLMC

5

.000

10/01/23

380‌

322

FGLMC

5

.500

10/01/23

324‌

664

FGLMC

5

.000

11/01/23

661‌

1,653

FGLMC

5

.000

03/01/24

1,648‌

338

FGLMC

4

.500

04/01/24

338‌

163

FGLMC

4

.500

05/01/24

163‌

1,276

FGLMC

4

.500

06/01/24

1,275‌

12,214

FGLMC

4

.000

07/01/24

11,937‌

6,058

FGLMC

4

.000

07/01/24

5,919‌

527

FGLMC

5

.500

07/01/24

525‌

9,482

FGLMC

4

.000

08/01/24

9,266‌

2,045

FGLMC

4

.500

09/01/24

2,043‌

1,135

FGLMC

4

.500

09/01/24

1,134‌

584

FGLMC

4

.500

09/01/24

582‌

734

FGLMC

5

.500

09/01/24

736‌

17,062

FGLMC

4

.000

10/01/24

16,670‌

472

FGLMC

4

.500

10/01/24

471‌

2,002

FGLMC

4

.500

10/01/24

1,966‌

531

FGLMC

4

.500

11/01/24

531‌

3,229

FGLMC

4

.500

12/01/24

3,224‌

856

FGLMC

4

.500

02/01/25

853‌

25,869

FGLMC

4

.000

03/01/25

25,274‌

790

FGLMC

4

.500

06/01/25

789‌

1,946

FGLMC

4

.500

07/01/25

1,944‌

45,774

FGLMC

3

.500

10/01/25

44,782‌

16,006

FGLMC

4

.000

10/01/25

15,638‌

75,302

FGLMC

3

.500

11/01/25

73,703‌

43,539

FGLMC

3

.500

11/01/25

42,615‌

21,757

FGLMC

3

.500

12/01/25

21,274‌

12,525

FGLMC

3

.000

01/01/26

12,171‌

170,528

FGLMC

3

.500

01/01/26

166,760‌

13,688

FGLMC

4

.000

04/01/26

13,373‌

29,645

FGLMC

4

.000

05/01/26

28,963‌

7,286

FGLMC

5

.500

07/01/26

7,312‌

66,204

FGLMC

4

.000

08/01/26

64,681‌

784

FGLMC

6

.000

08/01/26

797‌

29,780

FGLMC

3

.000

09/01/26

28,897‌

95,438

FGLMC

3

.000

10/01/26

92,514‌

137,034

FGLMC

3

.500

10/01/26

133,427‌

2,594

FGLMC

5

.000

10/01/26

2,585‌

1,077

FGLMC

5

.500

10/01/26

1,081‌

536,511

FGLMC

3

.000

02/01/27

519,362‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

107

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

367,440

FGLMC

2

.500

%

05/01/27

$

351,693‌

420,784

FGLMC

2

.500

11/01/27

401,856‌

18,326

FGLMC

6

.000

12/01/27

18,619‌

331,379

FGLMC

2

.500

01/01/28

316,139‌

869,124

FGLMC

2

.500

03/01/28

827,780‌

26,778

FGLMC

5

.000

03/01/28

26,945‌

500,388

FGLMC

2

.500

05/01/28

476,206‌

2,517

FGLMC

5

.500

05/01/28

2,526‌

1,520,516

FGLMC

2

.500

07/01/28

1,447,372‌

1,190,396

FGLMC

2

.500

07/01/28

1,131,731‌

320,125

FGLMC

3

.000

10/01/28

307,336‌

17,646

FGLMC

5

.500

01/01/29

17,710‌

609

FGLMC

6

.500

01/01/29

624‌

1,726

FGLMC

4

.000

02/01/29

1,681‌

716,503

FGLMC

3

.500

03/01/29

692,017‌

187

FGLMC

6

.500

03/01/29

194‌

1,275,279

FGLMC

3

.000

07/01/29

1,227,734‌

5,456

FGLMC

5

.000

12/01/29

5,490‌

3,694,989

FGLMC

2

.500

05/01/30

3,468,749‌

8,977

FGLMC

4

.000

08/01/30

8,700‌

75,271

FGLMC

4

.500

01/01/31

74,773‌

115

FGLMC

8

.000

01/01/31

115‌

64,576

FGLMC

4

.000

03/01/31

62,576‌

8,955

FGLMC

4

.000

05/01/31

8,678‌

62,111

FGLMC

4

.500

05/01/31

61,700‌

35,391

FGLMC

4

.000

06/01/31

34,295‌

71,670

FGLMC

4

.000

08/01/31

69,450‌

81,252

FGLMC

4

.000

09/01/31

78,733‌

1,354

FGLMC

6

.500

09/01/31

1,406‌

3,383

FGLMC

8

.000

09/01/31

3,481‌

40,766

FGLMC

3

.500

11/01/31

39,521‌

6,186,543

FGLMC

2

.500

12/01/31

5,778,986‌

31,669

FGLMC

7

.000

12/01/31

32,419‌

6,482

FGLMC

6

.500

01/01/32

6,685‌

15,418

FGLMC

6

.000

02/01/32

15,961‌

703,080

FGLMC

3

.000

03/01/32

661,792‌

6,400

FGLMC

7

.000

04/01/32

6,745‌

6,489

FGLMC

6

.500

05/01/32

6,668‌

479,269

FGLMC

3

.500

09/01/32

464,619‌

3,342

FGLMC

5

.500

11/01/32

3,433‌

5,629,430

FGLMC

3

.000

01/01/33

5,363,209‌

5,096

FGLMC

6

.000

02/01/33

5,234‌

18,373

FGLMC

5

.000

03/01/33

18,744‌

4,559

FGLMC

6

.000

03/01/33

4,632‌

15,381

FGLMC

6

.000

03/01/33

15,633‌

13,868

FGLMC

5

.000

04/01/33

14,004‌

2,389

FGLMC

6

.000

04/01/33

2,473‌

84,031

FGLMC

5

.000

06/01/33

83,991‌

46,479

FGLMC

5

.500

06/01/33

47,914‌

21,841,971

FGLMC

2

.500

07/01/33

20,446,148‌

974,908

FGLMC

3

.500

07/01/33

935,458‌

18,674

FGLMC

4

.500

07/01/33

18,436‌

1,511,903

FGLMC

4

.000

08/01/33

1,481,707‌

1,744

FGLMC

5

.000

08/01/33

1,776‌

6,748

FGLMC

6

.500

08/01/33

6,947‌

60,746

FGLMC

5

.000

09/01/33

61,888‌

49,855

FGLMC

5

.500

09/01/33

50,518‌

25,051

FGLMC

5

.500

09/01/33

25,179‌

16,246

FGLMC

5

.500

09/01/33

16,320‌

9,258

FGLMC

5

.500

09/01/33

9,324‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

108

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

16,831

FGLMC

4

.000

%

10/01/33

$

16,240‌

3,442

FGLMC

5

.000

10/01/33

3,519‌

49,105

FGLMC

5

.500

10/01/33

49,758‌

2,624,597

FGLMC

3

.500

11/01/33

2,526,569‌

31,513

FGLMC

5

.500

12/01/33

32,454‌

10,647

FGLMC

5

.500

12/01/33

10,991‌

137,605

FGLMC

7

.000

12/01/33

142,932‌

96,303

FGLMC

5

.000

01/01/34

98,453‌

593,505

FGLMC

3

.000

02/01/34

558,086‌

2,295

FGLMC

5

.500

02/01/34

2,369‌

12,071

FGLMC

5

.000

03/01/34

12,341‌

14,122

FGLMC

5

.500

03/01/34

14,579‌

52,277

FGLMC

5

.000

05/01/34

53,446‌

14,593

FGLMC

4

.500

06/01/34

14,407‌

28,481

FGLMC

5

.000

06/01/34

28,833‌

13,053

FGLMC

5

.500

06/01/34

13,469‌

5,344

FGLMC

6

.000

06/01/34

5,489‌

20,790

FGLMC

6

.000

09/01/34

21,524‌

1,589,971

FGLMC

3

.500

10/01/34

1,525,589‌

3,299

FGLMC

5

.000

11/01/34

3,373‌

90,137

FGLMC

5

.500

11/01/34

93,096‌

98,096

FGLMC

5

.000

12/01/34

99,738‌

26,323

FGLMC

5

.500

12/01/34

27,175‌

3,406

FGLMC

5

.500

12/01/34

3,419‌

1,673

FGLMC

5

.500

01/01/35

1,730‌

886

FGLMC

5

.500

01/01/35

915‌

19,739

FGLMC

5

.500

01/01/35

20,439‌

43,319

FGLMC

4

.500

04/01/35

42,784‌

5,794

FGLMC

6

.000

05/01/35

5,998‌

47,447

FGLMC

6

.000

05/01/35

48,266‌

37,602

FGLMC

7

.000

05/01/35

38,699‌

8,882

FGLMC

5

.500

06/01/35

9,180‌

5,945

FGLMC

5

.500

06/01/35

6,147‌

4,083

FGLMC

5

.000

07/01/35

4,145‌

161,285

FGLMC

5

.000

07/01/35

164,892‌

186,747

FGLMC

5

.000

08/01/35

190,927‌

12,712

FGLMC

5

.500

08/01/35

12,766‌

73,408

FGLMC

6

.000

08/01/35

74,822‌

2,963

FGLMC

4

.500

09/01/35

2,927‌

34,919

FGLMC

5

.000

10/01/35

35,576‌

15,839

FGLMC

5

.000

10/01/35

16,193‌

8,389

FGLMC

5

.000

10/01/35

8,382‌

107,025

FGLMC

5

.500

10/01/35

107,587‌

30,973

FGLMC

5

.000

12/01/35

31,445‌

3,488

FGLMC

5

.000

12/01/35

3,566‌

18,475

FGLMC

6

.000

01/01/36

19,187‌

6,735

FGLMC

5

.000

02/01/36

6,885‌

2,562

FGLMC

5

.000

02/01/36

2,619‌

2,815

FGLMC

6

.000

02/01/36

2,926‌

23,393

FGLMC

5

.500

04/01/36

23,631‌

8,075

FGLMC

5

.500

05/01/36

8,356‌

115,315

FGLMC

6

.000

06/01/36

120,236‌

35,045

FGLMC

5

.000

07/01/36

35,830‌

42,558

FGLMC

6

.000

07/01/36

43,979‌

5,939

FGLMC

6

.000

08/01/36

6,190‌

6,047

FGLMC

6

.000

09/01/36

6,148‌

51,570

FGLMC

5

.500

10/01/36

53,482‌

119,533

FGLMC

5

.500

10/01/36

123,966‌

8,727

FGLMC

6

.500

10/01/36

9,008‌

5,354

FGLMC

5

.500

11/01/36

5,559‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

109

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

12,818

FGLMC

6

.000

%

11/01/36

$

13,396‌

65,367

FGLMC

6

.000

12/01/36

68,318‌

101,297

FGLMC

5

.500

03/01/37

105,151‌

40,571

FGLMC

6

.000

03/01/37

42,402‌

6,500

FGLMC

6

.500

03/01/37

6,742‌

36,476

FGLMC

5

.500

04/01/37

37,864‌

3,677

FGLMC

5

.000

05/01/37

3,679‌

4,601

FGLMC

5

.000

06/01/37

4,668‌

15,191

FGLMC

5

.500

06/01/37

15,770‌

4,037,128

FGLMC

3

.000

07/01/37

3,749,219‌

68,423

FGLMC

6

.000

07/01/37

71,457‌

37,687

FGLMC

6

.000

08/01/37

39,168‌

13,192

FGLMC

6

.000

09/01/37

13,723‌

100,636

FGLMC

5

.500

10/01/37

101,306‌

3,173

FGLMC

6

.000

11/01/37

3,311‌

27,552

FGLMC

6

.500

11/01/37

28,969‌

13,161

FGLMC

6

.000

01/01/38

13,755‌

5,635

FGLMC

6

.000

02/01/38

5,844‌

42,342

FGLMC

6

.000

02/01/38

44,219‌

64,914

FGLMC

5

.000

03/01/38

66,341‌

190,813

FGLMC

5

.000

03/01/38

195,085‌

8,529

FGLMC

5

.000

04/01/38

8,674‌

80,734

FGLMC

5

.000

04/01/38

82,427‌

89,530

FGLMC

5

.500

04/01/38

90,880‌

19,795

FGLMC

5

.500

05/01/38

20,550‌

2,359

FGLMC

5

.500

06/01/38

2,449‌

3,792

FGLMC

6

.000

07/01/38

3,857‌

12,328

FGLMC

5

.500

08/01/38

12,764‌

74,452

FGLMC

5

.500

08/01/38

77,189‌

9,424

FGLMC

5

.000

09/01/38

9,618‌

128,390

FGLMC

5

.500

09/01/38

133,278‌

51,425

FGLMC

5

.500

09/01/38

53,317‌

2,526

FGLMC

5

.500

10/01/38

2,622‌

48,151

FGLMC

6

.000

11/01/38

49,856‌

354,953

FGLMC

5

.500

01/01/39

368,464‌

227,068

FGLMC

4

.500

02/01/39

225,120‌

128,728

FGLMC

5

.000

02/01/39

131,347‌

9,729

FGLMC

5

.500

02/01/39

10,100‌

413

FGLMC

4

.500

03/01/39

407‌

59,592

FGLMC

5

.000

03/01/39

60,596‌

7,040

FGLMC

6

.000

03/01/39

7,290‌

10,657

FGLMC

4

.500

04/01/39

10,569‌

369,224

FGLMC

4

.500

04/01/39

365,079‌

80,249

FGLMC

4

.000

05/01/39

77,155‌

2,075

FGLMC

4

.500

05/01/39

2,058‌

53,537

FGLMC

4

.500

05/01/39

53,105‌

1,223,451

FGLMC

4

.500

05/01/39

1,212,639‌

95,645

FGLMC

4

.500

05/01/39

94,899‌

52,101

FGLMC

5

.000

05/01/39

53,268‌

102,558

FGLMC

4

.000

06/01/39

98,603‌

566,981

FGLMC

4

.500

06/01/39

562,262‌

17,698

FGLMC

4

.500

06/01/39

17,553‌

8,617

FGLMC

5

.000

06/01/39

8,752‌

3,255

FGLMC

5

.500

06/01/39

3,379‌

169,704

FGLMC

4

.000

07/01/39

163,160‌

67,571

FGLMC

4

.500

07/01/39

67,027‌

13,314

FGLMC

4

.500

07/01/39

13,208‌

5,268

FGLMC

4

.500

07/01/39

5,224‌

44,702

FGLMC

5

.000

07/01/39

45,341‌

80,868

FGLMC

5

.500

07/01/39

82,088‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

110

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

5,829

FGLMC

4

.500

%

08/01/39

$

5,783‌

13,544

FGLMC

5

.000

08/01/39

13,731‌

128,893

FGLMC

4

.000

09/01/39

124,354‌

355,515

FGLMC

5

.000

09/01/39

362,820‌

118,734

FGLMC

5

.000

09/01/39

120,555‌

1,343

FGLMC

5

.500

09/01/39

1,356‌

141,307

FGLMC

6

.500

09/01/39

146,865‌

37,559

FGLMC

4

.500

10/01/39

37,275‌

24,171

FGLMC

4

.500

10/01/39

23,963‌

43,829

FGLMC

4

.500

10/01/39

43,470‌

27,218

FGLMC

5

.000

10/01/39

27,593‌

9,061

FGLMC

4

.000

11/01/39

8,711‌

29,935

FGLMC

4

.500

11/01/39

29,698‌

11,776

FGLMC

5

.000

11/01/39

11,938‌

35,350

FGLMC

4

.500

12/01/39

34,981‌

50,908

FGLMC

4

.500

12/01/39

50,523‌

24,450

FGLMC

4

.500

12/01/39

24,262‌

67,383

FGLMC

4

.500

12/01/39

66,428‌

51,653

FGLMC

5

.500

12/01/39

53,619‌

65,482

FGLMC

4

.500

01/01/40

64,800‌

6,392

FGLMC

5

.000

01/01/40

6,484‌

7,955

FGLMC

5

.500

01/01/40

8,258‌

23,777

FGLMC

5

.500

03/01/40

24,683‌

262,091

FGLMC

4

.000

04/01/40

251,984‌

13,935

FGLMC

4

.500

04/01/40

13,830‌

41,233

FGLMC

4

.500

04/01/40

40,921‌

33,626

FGLMC

5

.000

04/01/40

34,090‌

70,815

FGLMC

5

.000

04/01/40

71,588‌

269,865

FGLMC

6

.000

04/01/40

280,954‌

770,072

FGLMC

4

.500

05/01/40

764,257‌

284,948

FGLMC

5

.000

05/01/40

288,100‌

2,448

FGLMC

4

.500

06/01/40

2,430‌

252,562

FGLMC

5

.500

06/01/40

262,178‌

357,071

FGLMC

4

.500

07/01/40

354,374‌

6,769

FGLMC

4

.500

08/01/40

6,718‌

64,001

FGLMC

5

.000

08/01/40

64,884‌

175,884

FGLMC

5

.000

08/01/40

178,309‌

17,983

FGLMC

5

.000

08/01/40

18,230‌

1,117,031

FGLMC

5

.500

08/01/40

1,159,556‌

93,727

FGLMC

4

.000

09/01/40

90,111‌

1,260,838

FGLMC

4

.000

11/01/40

1,212,203‌

819,165

FGLMC

4

.000

12/01/40

787,562‌

113,548

FGLMC

3

.500

01/01/41

106,410‌

188,999

FGLMC

3

.500

01/01/41

177,061‌

109,680

FGLMC

4

.000

01/01/41

105,448‌

120,782

FGLMC

3

.500

02/01/41

113,189‌

406,172

FGLMC

4

.000

02/01/41

390,500‌

134,588

FGLMC

4

.000

02/01/41

129,396‌

754,050

FGLMC

4

.000

04/01/41

724,959‌

130,430

FGLMC

4

.500

04/01/41

129,444‌

28,904

FGLMC

5

.000

04/01/41

29,224‌

117,052

FGLMC

4

.500

05/01/41

116,168‌

141,861

FGLMC

4

.500

06/01/41

140,789‌

317,373

FGLMC

3

.500

10/01/41

297,391‌

318,350

FGLMC

5

.000

10/01/41

322,736‌

451,462

FGLMC

3

.500

11/01/41

423,074‌

180,418

FGLMC

4

.500

12/01/41

179,056‌

1,570,873

FGLMC

3

.500

01/01/42

1,472,120‌

461,249

FGLMC

3

.500

02/01/42

432,253‌

524,185

FGLMC

3

.500

04/01/42

491,230‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

111

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

1,285,400

FGLMC

4

.000

%

05/01/42

$

1,235,814‌

4,161,088

FGLMC

4

.500

05/01/42

4,129,678‌

853,659

FGLMC

3

.500

07/01/42

799,997‌

192,125

FGLMC

3

.000

08/01/42

175,019‌

1,419,783

FGLMC

3

.000

10/01/42

1,293,351‌

991,065

FGLMC

3

.000

10/01/42

902,819‌

421,192

FGLMC

3

.500

12/01/42

394,488‌

1,507,941

FGLMC

2

.500

01/01/43

1,301,599‌

2,853,863

FGLMC

3

.000

01/01/43

2,599,731‌

4,224,814

FGLMC

3

.000

04/01/43

3,848,530‌

11,287,510

FGLMC

3

.000

04/01/43

10,282,179‌

1,248,490

FGLMC

3

.500

05/01/43

1,168,653‌

1,742,193

FGLMC

3

.000

08/01/43

1,587,012‌

1,278,255

FGLMC

3

.000

08/01/43

1,164,395‌

1,249,527

FGLMC

3

.500

08/01/43

1,169,496‌

502,341

FGLMC

4

.500

10/01/43

495,170‌

604,418

FGLMC

4

.000

11/01/43

579,586‌

1,129,656

FGLMC

3

.500

02/01/44

1,056,507‌

924,338

FGLMC

4

.000

02/01/44

886,367‌

7,255,374

FGLMC

4

.000

02/01/44

6,976,417‌

409,361

FGLMC

4

.000

04/01/44

392,545‌

499,742

FGLMC

4

.500

05/01/44

491,486‌

930,198

FGLMC

4

.000

06/01/44

882,203‌

1,430,524

FGLMC

4

.000

08/01/44

1,356,709‌

1,066,593

FGLMC

3

.500

09/01/44

995,759‌

1,507,387

FGLMC

3

.500

11/01/44

1,406,341‌

1,991,584

FGLMC

3

.500

12/01/44

1,855,192‌

1,199,004

FGLMC

3

.500

01/01/45

1,123,685‌

2,536,412

FGLMC

3

.000

02/01/45

2,289,205‌

3,097,450

FGLMC

3

.500

03/01/45

2,887,888‌

1,855,786

FGLMC

4

.000

03/01/45

1,779,538‌

1,216,445

FGLMC

3

.000

04/01/45

1,095,875‌

2,537,472

FGLMC

3

.500

04/01/45

2,363,683‌

6,733,472

FGLMC

3

.500

07/01/45

6,273,725‌

4,827,145

FGLMC

4

.500

07/01/45

4,748,318‌

14,255,710

FGLMC

3

.000

08/01/45

12,971,824‌

10,892,636

FGLMC

3

.500

10/01/45

10,151,154‌

1,987,687

FGLMC

4

.000

11/01/45

1,907,841‌

3,735,002

FGLMC

3

.500

12/01/45

3,474,542‌

8,830,169

FGLMC

3

.000

03/01/46

7,911,034‌

2,782,155

FGLMC

3

.500

03/01/46

2,587,916‌

1,449,602

FGLMC

4

.000

03/01/46

1,390,043‌

6,458,681

FGLMC

3

.000

04/01/46

5,780,814‌

6,378,097

FGLMC

3

.500

05/01/46

5,980,016‌

5,051,057

FGLMC

3

.500

08/01/46

4,712,531‌

9,736,948

FGLMC

3

.000

09/01/46

8,760,712‌

3,958,871

FGLMC

4

.000

09/01/46

3,792,944‌

3,503,447

FGLMC

3

.000

11/01/46

3,129,069‌

4,246,112

FGLMC

3

.000

11/01/46

3,803,345‌

12,233,162

FGLMC

3

.000

11/01/46

10,912,178‌

2,497,783

FGLMC

3

.000

12/01/46

2,235,767‌

3,205,188

FGLMC

3

.500

12/01/46

2,977,420‌

5,817,479

FGLMC

3

.000

02/01/47

5,205,248‌

1,905,856

FGLMC

3

.500

02/01/47

1,773,524‌

1,603,643

FGLMC

4

.000

02/01/47

1,534,113‌

2,564,161

FGLMC

3

.500

05/01/47

2,379,232‌

2,125,391

FGLMC

3

.000

08/01/47

1,905,897‌

2,733,462

FGLMC

3

.000

11/01/47

2,436,580‌

4,244,587

FGLMC

3

.000

12/01/47

3,782,033‌

13,084,613

FGLMC

3

.000

01/01/48

11,692,108‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

112

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

4,584,478

FGLMC

3

.000

%

02/01/48

$

4,081,847‌

3,372,916

FGLMC

3

.500

03/01/48

3,133,020‌

2,857,310

FGLMC

3

.500

05/01/48

2,649,440‌

2,265,596

FGLMC

4

.000

05/01/48

2,168,304‌

3,098,886

FGLMC

3

.500

07/01/48

2,868,457‌

3,290,237

FGLMC

4

.000

07/01/48

3,140,791‌

6,042,726

FGLMC

4

.000

08/01/48

5,768,247‌

1,127,352

FGLMC

4

.500

09/01/48

1,103,317‌

4,749,094

FGLMC

4

.000

10/01/48

4,526,962‌

2,904,507

FGLMC

4

.500

12/01/48

2,843,242‌

1,547,055

FGLMC

4

.500

02/01/49

1,517,609‌

3,935,048

FGLMC

3

.500

05/01/49

3,629,033‌

2

Federal

National

Mortgage

Association

(FNMA)

5

.000

03/01/23

2‌

833

FNMA

4

.500

06/01/23

831‌

115

FNMA

5

.000

06/01/23

115‌

174

FNMA

5

.500

06/01/23

175‌

91

FNMA

5

.000

07/01/23

91‌

1,970

FNMA

5

.000

07/01/23

1,982‌

191

FNMA

5

.500

08/01/23

190‌

694

FNMA

5

.000

11/01/23

691‌

1

FNMA

5

.500

11/01/23

1‌

25

FNMA

5

.500

01/01/24

25‌

1,012

FNMA

5

.500

02/01/24

1,014‌

4,215

FNMA

4

.000

03/01/24

4,115‌

429

FNMA

4

.500

04/01/24

428‌

21,154

FNMA

4

.000

05/01/24

20,846‌

5,735

FNMA

4

.000

05/01/24

5,599‌

586

FNMA

4

.000

06/01/24

572‌

678

FNMA

4

.500

07/01/24

676‌

850

FNMA

5

.500

07/01/24

853‌

18

FNMA

8

.000

07/01/24

18‌

3,663

FNMA

4

.500

08/01/24

3,651‌

4,124

FNMA

4

.000

09/01/24

4,026‌

18,370

FNMA

4

.000

09/01/24

17,928‌

1,877

FNMA

4

.500

09/01/24

1,873‌

46,885

FNMA

4

.500

10/01/24

46,794‌

2,978

FNMA

5

.000

01/01/25

2,965‌

3,364

FNMA

4

.500

02/01/25

3,355‌

26,683

FNMA

4

.500

03/01/25

26,632‌

281

FNMA

4

.500

03/01/25

280‌

14,578

FNMA

5

.000

03/01/25

14,511‌

8,313

FNMA

4

.500

04/01/25

8,297‌

20,269

FNMA

4

.500

04/01/25

20,220‌

100,480

FNMA

4

.000

05/01/25

98,065‌

44,866

FNMA

4

.000

06/01/25

43,788‌

18,609

FNMA

4

.500

06/01/25

18,535‌

12,111

FNMA

4

.000

08/01/25

11,820‌

6,782

FNMA

5

.500

08/01/25

6,873‌

40,017

FNMA

3

.500

09/01/25

39,115‌

48,179

FNMA

4

.000

09/01/25

47,021‌

97,626

FNMA

3

.500

10/01/25

95,492‌

86,175

FNMA

3

.500

10/01/25

84,189‌

36,972

FNMA

5

.000

10/01/25

36,802‌

62,772

FNMA

4

.000

11/01/25

61,264‌

84,171

FNMA

3

.500

12/01/25

82,256‌

67,408

FNMA

3

.500

02/01/26

65,817‌

396,845

FNMA

3

.500

02/01/26

387,818‌

21,707

FNMA

4

.000

03/01/26

21,186‌

62,888

FNMA

4

.000

06/01/26

61,377‌

60,634

FNMA

3

.500

08/01/26

59,525‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

113

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

48,470

FNMA

3

.500

%

09/01/26

$

47,214‌

25,257

FNMA

4

.000

09/01/26

24,650‌

88,361

FNMA

3

.500

10/01/26

86,740‌

1,838

FNMA

6

.000

10/01/26

1,865‌

114,904

FNMA

3

.000

11/01/26

111,265‌

103,287

FNMA

3

.000

12/01/26

99,921‌

282,832

FNMA

3

.000

01/01/27

273,550‌

222,476

FNMA

4

.000

01/01/27

217,129‌

215,099

FNMA

3

.500

02/01/27

211,135‌

375,125

FNMA

3

.000

04/01/27

362,226‌

227,706

FNMA

3

.000

04/01/27

219,986‌

135,353

FNMA

3

.500

05/01/27

132,864‌

166,449

FNMA

2

.500

06/01/27

159,001‌

473,866

FNMA

3

.000

06/01/27

456,521‌

175,722

FNMA

2

.500

07/01/27

168,019‌

408,485

FNMA

2

.500

09/01/27

390,142‌

5,560

FNMA

5

.500

09/01/27

5,575‌

641,101

FNMA

2

.500

10/01/27

612,304‌

424,330

FNMA

3

.000

11/01/27

408,144‌

835

FNMA

5

.500

01/01/28

838‌

1,713,511

FNMA

2

.500

02/01/28

1,607,368‌

1,353,451

FNMA

2

.500

02/01/28

1,289,777‌

691

FNMA

5

.000

02/01/28

694‌

1,016,559

FNMA

2

.500

04/01/28

967,618‌

1,445,264

FNMA

2

.500

04/01/28

1,375,677‌

4,213

FNMA

5

.500

06/01/28

4,225‌

417,125

FNMA

2

.500

07/01/28

396,324‌

863,811

FNMA

2

.500

08/01/28

820,432‌

1,046,081

FNMA

3

.000

10/01/28

1,002,643‌

620

FNMA

5

.500

11/01/28

622‌

4

FNMA

7

.500

01/01/29

4‌

1,394,565

FNMA

3

.000

03/01/29

1,341,048‌

5,545

FNMA

4

.000

03/01/29

5,422‌

5,184,260

FNMA

3

.000

04/01/29

4,985,574‌

20,472

FNMA

4

.500

04/01/29

20,314‌

14,453

FNMA

4

.000

05/01/29

14,132‌

8,044

FNMA

4

.500

06/01/29

7,982‌

2,864

FNMA

4

.000

07/01/29

2,787‌

55,130

FNMA

4

.500

08/01/29

54,706‌

6,539,493

FNMA

3

.500

09/01/29

6,393,358‌

10,700

FNMA

4

.500

09/01/29

10,617‌

8,103

FNMA

4

.500

11/01/29

7,945‌

3,147

FNMA

4

.500

01/01/30

3,123‌

768,454

FNMA

2

.500

02/01/30

720,589‌

6,950

FNMA

4

.000

03/01/30

6,762‌

3,026

FNMA

4

.500

05/01/30

3,002‌

4,399

FNMA

4

.500

06/01/30

4,365‌

1,916,577

FNMA

3

.000

07/01/30

1,829,833‌

39,493

FNMA

4

.500

08/01/30

39,189‌

8,940

FNMA

4

.000

09/01/30

8,653‌

60,084

FNMA

4

.000

10/01/30

58,160‌

498,788

FNMA

4

.000

11/01/30

482,812‌

95,112

FNMA

4

.000

11/01/30

92,065‌

20,242

FNMA

4

.500

12/01/30

20,086‌

1,734,030

FNMA

3

.000

02/01/31

1,658,713‌

28,517

FNMA

3

.500

02/01/31

27,617‌

31,251

FNMA

4

.000

02/01/31

30,250‌

369

FNMA

7

.500

03/01/31

386‌

2,032,493

FNMA

2

.500

04/01/31

1,900,669‌

85,189

FNMA

3

.500

04/01/31

82,499‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

114

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

10,204

FNMA

4

.000

%

04/01/31

$

9,877‌

2,054,521

FNMA

3

.000

05/01/31

1,965,328‌

1,042

FNMA

6

.000

05/01/31

1,076‌

2,341,008

FNMA

2

.500

06/01/31

2,189,066‌

510,470

FNMA

4

.500

07/01/31

506,528‌

53,493

FNMA

4

.500

07/01/31

53,080‌

309,513

FNMA

4

.000

08/01/31

299,588‌

3,064,024

FNMA

2

.500

09/01/31

2,865,201‌

1,544,239

FNMA

3

.000

09/01/31

1,477,247‌

19,004

FNMA

4

.000

09/01/31

18,395‌

251

FNMA

6

.500

09/01/31

258‌

11,537

FNMA

6

.000

11/01/31

11,930‌

1,578

FNMA

6

.500

11/01/31

1,625‌

3,283,546

FNMA

2

.500

12/01/31

3,070,261‌

555,850

FNMA

3

.500

01/01/32

538,269‌

3,634

FNMA

6

.000

01/01/32

3,758‌

227,326

FNMA

3

.500

02/01/32

220,137‌

2,648

FNMA

6

.000

02/01/32

2,733‌

2,076,178

FNMA

3

.000

03/01/32

1,975,804‌

11,652

FNMA

6

.500

04/01/32

12,090‌

7,270,214

FNMA

3

.000

06/01/32

6,918,805‌

22,245

FNMA

6

.500

07/01/32

23,165‌

4,534

FNMA

6

.500

08/01/32

4,706‌

260,113

FNMA

3

.000

09/01/32

244,557‌

4,339

FNMA

7

.500

09/01/32

4,338‌

780,533

FNMA

3

.000

10/01/32

733,837‌

23,929

FNMA

5

.500

10/01/32

24,412‌

5,894

FNMA

6

.000

11/01/32

6,091‌

4,750,867

FNMA

3

.000

12/01/32

4,520,964‌

6,031

FNMA

5

.500

12/01/32

6,177‌

302

FNMA

5

.500

12/01/32

303‌

9,661

FNMA

6

.000

12/01/32

9,912‌

53,337

FNMA

5

.500

01/01/33

54,584‌

135,031

FNMA

6

.000

01/01/33

139,641‌

48,966

FNMA

5

.000

02/01/33

49,827‌

1,311

FNMA

5

.000

02/01/33

1,299‌

571,209

FNMA

3

.000

04/01/33

537,016‌

664,407

FNMA

3

.500

04/01/33

636,808‌

2,697

FNMA

6

.000

04/01/33

2,789‌

3,264,061

FNMA

3

.500

05/01/33

3,139,055‌

340,251

FNMA

5

.500

05/01/33

349,592‌

19,635

FNMA

5

.000

06/01/33

20,023‌

38,536

FNMA

5

.500

06/01/33

39,702‌

5,876

FNMA

4

.500

07/01/33

5,728‌

25,921

FNMA

5

.000

07/01/33

26,470‌

35,480

FNMA

4

.500

08/01/33

34,617‌

3,386

FNMA

4

.500

08/01/33

3,301‌

7,991

FNMA

5

.000

08/01/33

8,161‌

21,063

FNMA

5

.500

09/01/33

21,151‌

57,403

FNMA

5

.500

09/01/33

57,599‌

5,934

FNMA

6

.000

09/01/33

6,047‌

53,298

FNMA

4

.500

10/01/33

52,591‌

10,340

FNMA

5

.000

10/01/33

10,559‌

4,856

FNMA

5

.000

10/01/33

4,864‌

91,907

FNMA

5

.500

10/01/33

92,412‌

170,556

FNMA

5

.500

10/01/33

173,848‌

2,693

FNMA

4

.500

11/01/33

2,655‌

10,775

FNMA

5

.000

11/01/33

11,003‌

746,726

FNMA

5

.000

11/01/33

762,562‌

82,375

FNMA

5

.000

12/01/33

84,120‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

115

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

105,114

FNMA

5

.500

%

12/01/33

$

107,457‌

1,053,359

FNMA

3

.000

01/01/34

987,731‌

33,139

FNMA

5

.000

02/01/34

33,168‌

145,753

FNMA

6

.000

02/01/34

150,476‌

197,264

FNMA

5

.000

03/01/34

201,443‌

8,325

FNMA

5

.000

03/01/34

8,501‌

3,341

FNMA

5

.000

03/01/34

3,412‌

4,258

FNMA

5

.000

03/01/34

4,348‌

9,851

FNMA

5

.000

03/01/34

9,866‌

2,901

FNMA

5

.000

03/01/34

2,962‌

27,592

FNMA

5

.000

04/01/34

28,177‌

30,289

FNMA

5

.500

04/01/34

30,785‌

12,993

FNMA

4

.500

05/01/34

12,770‌

3,809

FNMA

4

.500

05/01/34

3,711‌

6,958

FNMA

5

.500

07/01/34

7,180‌

10,538

FNMA

5

.500

07/01/34

10,873‌

10,433

FNMA

7

.000

07/01/34

10,768‌

79,128

FNMA

5

.000

08/01/34

80,806‌

8,690

FNMA

5

.000

08/01/34

8,874‌

47,460

FNMA

6

.000

08/01/34

49,092‌

8,429

FNMA

6

.000

08/01/34

8,716‌

8,657,441

FNMA

3

.500

09/01/34

8,314,590‌

168,697

FNMA

5

.500

09/01/34

174,064‌

6,294,150

FNMA

2

.500

11/01/34

5,799,182‌

1,476

FNMA

5

.500

11/01/34

1,525‌

8,290

FNMA

6

.000

11/01/34

8,415‌

9,193,178

FNMA

2

.500

12/01/34

8,469,976‌

13,237,354

FNMA

3

.000

12/01/34

12,424,492‌

2,518

FNMA

5

.000

12/01/34

2,572‌

1,547

FNMA

5

.500

12/01/34

1,597‌

6,519

FNMA

6

.000

12/01/34

6,625‌

236,420

FNMA

4

.500

01/01/35

233,284‌

20,233

FNMA

5

.500

01/01/35

20,433‌

7,207,683

FNMA

3

.500

02/01/35

6,923,253‌

496,122

FNMA

5

.500

02/01/35

511,776‌

22,164

FNMA

5

.500

02/01/35

22,887‌

5,880,916

FNMA

2

.500

03/01/35

5,381,775‌

69,557

FNMA

5

.500

04/01/35

69,780‌

20,594

FNMA

6

.000

04/01/35

21,299‌

21,242

FNMA

6

.000

04/01/35

21,969‌

7,482,627

FNMA

2

.500

05/01/35

6,847,816‌

6,679,890

FNMA

3

.000

05/01/35

6,260,990‌

31,085

FNMA

6

.000

05/01/35

31,966‌

8,207

FNMA

5

.000

06/01/35

8,381‌

1,366

i

FNMA

LIBOR

12

M

+

1.570%

3

.719

07/01/35

1,351‌

25,322

FNMA

5

.000

07/01/35

25,859‌

2,120,851

FNMA

3

.000

08/01/35

1,967,667‌

51,599

FNMA

4

.500

08/01/35

50,890‌

37,426

FNMA

5

.000

08/01/35

38,220‌

56,096

FNMA

5

.000

08/01/35

57,286‌

1,862

FNMA

4

.500

09/01/35

1,832‌

2,313

FNMA

4

.500

09/01/35

2,282‌

6,216

FNMA

5

.500

09/01/35

6,415‌

7,554,728

FNMA

2

.500

10/01/35

6,932,256‌

19,353

FNMA

5

.000

10/01/35

19,383‌

67,008

FNMA

5

.500

10/01/35

68,361‌

17,102,839

FNMA

1

.500

11/01/35

14,810,868‌

15,884,869

FNMA

2

.000

11/01/35

14,168,546‌

8,056,952

FNMA

2

.500

11/01/35

7,392,997‌

48,914

FNMA

5

.500

11/01/35

50,652‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

116

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

6,427,995

FNMA

2

.000

%

12/01/35

$

5,733,426‌

22,592,096

FNMA

1

.500

01/01/36

19,571,187‌

2,682,925

FNMA

3

.500

01/01/36

2,564,781‌

11,710

i

FNMA

LIBOR

12

M

+

1.535%

1

.941

02/01/36

11,464‌

171,781

FNMA

5

.000

02/01/36

175,110‌

15,470,181

FNMA

1

.500

03/01/36

13,401,477‌

75,780,305

FNMA

2

.000

03/01/36

67,591,021‌

70,027

FNMA

6

.000

03/01/36

72,935‌

8,002,689

FNMA

1

.500

04/01/36

6,932,477‌

8,432,926

FNMA

1

.000

05/01/36

7,035,378‌

24,455,285

FNMA

1

.500

05/01/36

21,184,696‌

15,890,347

FNMA

2

.000

05/01/36

14,173,096‌

872,536

FNMA

3

.500

05/01/36

834,104‌

1,053

FNMA

5

.000

05/01/36

1,068‌

129,697

FNMA

6

.000

06/01/36

135,402‌

16,343,701

FNMA

2

.000

07/01/36

14,577,119‌

15,498

i

FNMA

LIBOR

12

M

+

1.595%

3

.845

07/01/36

15,290‌

6,107

FNMA

6

.000

07/01/36

6,216‌

28,011

FNMA

6

.500

07/01/36

28,899‌

6,805,330

FNMA

3

.000

08/01/36

6,313,565‌

48,941

FNMA

5

.500

08/01/36

49,087‌

77,558

FNMA

6

.500

08/01/36

80,298‌

13,050,817

FNMA

1

.500

09/01/36

11,301,082‌

16,901,119

FNMA

2

.000

09/01/36

15,074,152‌

15,974,587

FNMA

2

.500

09/01/36

14,658,262‌

1,100,880

FNMA

3

.000

09/01/36

1,021,323‌

6,414

FNMA

5

.500

09/01/36

6,622‌

2,167

FNMA

6

.500

09/01/36

2,304‌

8,237

FNMA

6

.500

09/01/36

8,575‌

10,305

FNMA

6

.000

10/01/36

10,750‌

26,876,203

FNMA

1

.500

11/01/36

23,272,693‌

17,531,549

FNMA

2

.000

11/01/36

15,636,366‌

2,412,003

FNMA

3

.000

11/01/36

2,237,681‌

5,108

FNMA

6

.500

11/01/36

5,348‌

31,321

FNMA

6

.000

12/01/36

32,699‌

11,415,171

FNMA

1

.500

01/01/37

9,888,023‌

11,255,367

FNMA

2

.000

01/01/37

10,038,468‌

6,097

i

FNMA

LIBOR

12

M

+

1.754%

2

.733

01/01/37

6,011‌

12,511

FNMA

5

.500

01/01/37

12,974‌

4,610,104

FNMA

1

.500

02/01/37

3,991,954‌

573

i

FNMA

LIBOR

6

M

+

1.460%

3

.737

02/01/37

578‌

93,406

FNMA

5

.500

02/01/37

95,348‌

5,513

FNMA

6

.000

02/01/37

5,747‌

10,841

FNMA

7

.000

02/01/37

11,239‌

36,851,520

FNMA

2

.000

03/01/37

32,866,887‌

2,315

i

FNMA

LIBOR

12

M

+

1.808%

2

.362

03/01/37

2,268‌

899

FNMA

5

.000

03/01/37

911‌

31,934

FNMA

6

.500

03/01/37

33,762‌

41,634

FNMA

6

.500

03/01/37

43,767‌

19,914,382

FNMA

2

.000

04/01/37

17,711,819‌

9,316,042

FNMA

2

.500

04/01/37

8,547,054‌

18,919

FNMA

7

.000

04/01/37

19,829‌

38,577

FNMA

5

.000

05/01/37

39,258‌

1,354

FNMA

7

.000

05/01/37

1,364‌

5,582

i

FNMA

LIBOR

12

M

+

1.782%

3

.687

06/01/37

5,512‌

6,507

FNMA

5

.500

06/01/37

6,748‌

4,782,053

FNMA

3

.000

08/01/37

4,478,899‌

9,140

FNMA

5

.500

08/01/37

9,449‌

4,021

FNMA

6

.000

08/01/37

4,174‌

13,645

FNMA

5

.500

09/01/37

13,681‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

117

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

17,426

FNMA

6

.000

%

09/01/37

$

17,882‌

53,383

FNMA

6

.000

09/01/37

55,142‌

26,400

FNMA

6

.000

09/01/37

27,252‌

20,583

FNMA

6

.000

09/01/37

21,288‌

71,137

FNMA

6

.000

09/01/37

73,779‌

6,012

FNMA

6

.500

09/01/37

6,171‌

3,909

FNMA

6

.500

09/01/37

4,009‌

5,714

i

FNMA

DGS1

+

2.275%

4

.400

10/01/37

5,590‌

5,519

FNMA

6

.500

10/01/37

5,771‌

6,667,575

FNMA

3

.500

11/01/37

6,373,748‌

5,098,022

FNMA

4

.000

11/01/37

4,975,492‌

58,866

FNMA

5

.500

11/01/37

61,044‌

112,092

FNMA

6

.000

11/01/37

116,478‌

2,516

FNMA

7

.000

11/01/37

2,517‌

2,145,988

FNMA

3

.000

12/01/37

1,990,814‌

2,220,035

FNMA

4

.000

01/01/38

2,126,609‌

471

FNMA

6

.500

01/01/38

483‌

32,280

FNMA

5

.500

02/01/38

33,363‌

15,482

FNMA

6

.500

02/01/38

15,861‌

8,805

FNMA

7

.000

02/01/38

9,422‌

7,243

i

FNMA

LIBOR

12

M

+

1.770%

2

.520

03/01/38

7,085‌

3,082

FNMA

5

.000

03/01/38

3,140‌

1,541

FNMA

5

.000

03/01/38

1,571‌

6,654

FNMA

5

.500

03/01/38

6,900‌

2,663

FNMA

6

.000

03/01/38

2,796‌

4,702

FNMA

6

.500

03/01/38

4,878‌

8,445

FNMA

6

.500

03/01/38

8,652‌

4,696

FNMA

6

.500

03/01/38

4,811‌

66,231

FNMA

5

.500

04/01/38

68,228‌

109,404

FNMA

6

.000

04/01/38

113,152‌

11,660

FNMA

4

.500

05/01/38

11,439‌

360,443

FNMA

5

.000

05/01/38

368,091‌

77,516

FNMA

5

.000

05/01/38

78,575‌

244,679

FNMA

6

.000

06/01/38

255,197‌

464,478

FNMA

6

.500

06/01/38

486,917‌

88,572

FNMA

6

.000

07/01/38

92,253‌

869

i

FNMA

LIBOR

12

M

+

1.603%

3

.853

08/01/38

880‌

278,835

FNMA

6

.000

09/01/38

289,519‌

9,684

i

FNMA

LIBOR

12

M

+

1.321%

3

.571

10/01/38

9,542‌

596

FNMA

6

.000

10/01/38

605‌

3,570

FNMA

5

.500

11/01/38

3,637‌

1,449

FNMA

5

.000

12/01/38

1,470‌

249,874

FNMA

5

.500

12/01/38

259,009‌

19,540

FNMA

4

.500

01/01/39

19,168‌

28,892

FNMA

5

.000

01/01/39

29,084‌

1,001,586

FNMA

5

.000

01/01/39

1,007,020‌

33,990

FNMA

5

.500

01/01/39

34,446‌

144,463

FNMA

5

.500

01/01/39

149,807‌

1,306

FNMA

6

.000

01/01/39

1,329‌

11,671

FNMA

6

.000

01/01/39

12,002‌

46,778

FNMA

4

.500

02/01/39

46,324‌

158,119

FNMA

4

.500

02/01/39

156,606‌

69,245

FNMA

4

.500

02/01/39

68,565‌

3,420

FNMA

5

.500

02/01/39

3,547‌

150,493

FNMA

4

.000

04/01/39

144,531‌

7,729

FNMA

5

.500

04/01/39

7,936‌

286,060

FNMA

4

.500

05/01/39

283,360‌

46,331

FNMA

4

.500

05/01/39

45,732‌

144,754

FNMA

4

.500

06/01/39

143,369‌

51,853

FNMA

4

.500

06/01/39

51,397‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

118

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

116,350

FNMA

5

.500

%

06/01/39

$

120,654‌

3,067

i

FNMA

LIBOR

12

M

+

1.835%

4

.085

07/01/39

3,100‌

39,378

FNMA

4

.500

07/01/39

39,036‌

30,460

FNMA

4

.500

07/01/39

30,094‌

2,863

FNMA

5

.000

07/01/39

2,909‌

5,780

i

FNMA

LIBOR

12

M

+

1.650%

3

.900

08/01/39

5,723‌

4,619

i

FNMA

LIBOR

12

M

+

1.690%

3

.940

08/01/39

4,675‌

510,594

FNMA

4

.000

08/01/39

490,363‌

90,518

FNMA

4

.000

08/01/39

86,931‌

8,024

FNMA

4

.500

08/01/39

7,942‌

362,630

FNMA

4

.500

08/01/39

358,109‌

100,042

FNMA

4

.500

08/01/39

98,842‌

378,002

FNMA

5

.000

08/01/39

382,775‌

3,140

FNMA

5

.000

08/01/39

3,190‌

203,787

FNMA

4

.000

09/01/39

195,712‌

20,432

FNMA

5

.000

09/01/39

20,690‌

93,856

FNMA

5

.500

09/01/39

97,331‌

59,030

FNMA

6

.000

09/01/39

61,292‌

192,992

FNMA

6

.500

10/01/39

203,155‌

9,196

FNMA

5

.000

11/01/39

9,296‌

216,106

FNMA

4

.000

12/01/39

207,541‌

22,962

FNMA

4

.500

12/01/39

22,705‌

48,743

FNMA

4

.500

12/01/39

48,181‌

761,685

FNMA

4

.500

12/01/39

754,985‌

7,954

i

FNMA

LIBOR

12

M

+

1.815%

2

.160

01/01/40

8,027‌

17,554

FNMA

4

.500

01/01/40

17,400‌

17,988

FNMA

5

.000

01/01/40

18,216‌

123,272

FNMA

6

.000

02/01/40

127,495‌

5,804,191

FNMA

2

.500

03/01/40

5,105,519‌

158,478

FNMA

4

.500

03/01/40

157,104‌

71,854

FNMA

4

.500

03/01/40

71,231‌

7,414

FNMA

5

.000

03/01/40

7,507‌

7,498,000

FNMA

2

.500

04/01/40

6,595,411‌

7,462,758

FNMA

3

.000

04/01/40

6,775,102‌

7,926

FNMA

4

.500

04/01/40

7,857‌

257,688

FNMA

5

.000

04/01/40

260,949‌

184,498

FNMA

5

.000

04/01/40

187,022‌

29,548

i

FNMA

LIBOR

12

M

+

1.837%

2

.700

05/01/40

29,882‌

15,005

i

FNMA

LIBOR

12

M

+

1.784%

2

.887

05/01/40

14,909‌

13,911

i

FNMA

LIBOR

12

M

+

1.835%

3

.210

05/01/40

13,720‌

8,159

FNMA

4

.500

05/01/40

7,952‌

6,732,049

FNMA

2

.500

06/01/40

5,907,616‌

17,485

FNMA

4

.500

07/01/40

17,333‌

14,574

FNMA

4

.500

07/01/40

14,448‌

23,000

FNMA

5

.000

07/01/40

23,291‌

144,906

FNMA

4

.500

08/01/40

143,650‌

209,896

FNMA

4

.500

08/01/40

208,076‌

146,890

FNMA

5

.000

08/01/40

148,349‌

330,738

FNMA

4

.500

09/01/40

327,869‌

155,949

FNMA

4

.500

09/01/40

154,597‌

345,672

FNMA

6

.000

09/01/40

360,874‌

49,861

FNMA

3

.500

10/01/40

46,661‌

216,820

FNMA

4

.000

10/01/40

208,226‌

467,649

FNMA

4

.000

10/01/40

449,110‌

375,997

FNMA

4

.500

10/01/40

372,737‌

445,709

FNMA

3

.500

11/01/40

417,105‌

464,636

FNMA

4

.000

11/01/40

446,218‌

504,698

FNMA

4

.000

11/01/40

484,694‌

282,713

FNMA

4

.000

11/01/40

271,507‌

57,563

FNMA

4

.500

11/01/40

57,064‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

119

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

14,555,128

FNMA

2

.000

%

12/01/40

$

12,395,744‌

145,701

FNMA

4

.000

12/01/40

139,923‌

24,256

i

FNMA

LIBOR

12

M

+

1.823%

4

.073

12/01/40

23,770‌

1,264,677

FNMA

4

.500

12/01/40

1,253,713‌

14,744

FNMA

3

.500

01/01/41

13,795‌

4,925,302

FNMA

1

.500

02/01/41

4,029,393‌

11,987,695

FNMA

2

.000

02/01/41

10,209,043‌

18,942

i

FNMA

LIBOR

12

M

+

1.820%

2

.223

02/01/41

19,105‌

64,589

FNMA

3

.500

02/01/41

60,444‌

424,723

FNMA

4

.000

02/01/41

402,378‌

421,021

FNMA

4

.000

03/01/41

404,321‌

16,801,559

FNMA

2

.000

04/01/41

14,308,640‌

315,060

FNMA

4

.500

04/01/41

312,329‌

287,014

FNMA

4

.500

05/01/41

282,877‌

85,624

FNMA

4

.500

05/01/41

84,882‌

197,036

FNMA

4

.500

06/01/41

194,762‌

36,415

i

FNMA

LIBOR

12

M

+

1.782%

3

.825

07/01/41

37,031‌

266,276

FNMA

4

.500

07/01/41

263,967‌

13,078,454

FNMA

2

.000

08/01/41

11,024,431‌

22,768,678

FNMA

1

.500

09/01/41

18,423,698‌

4,453,651

FNMA

2

.000

09/01/41

3,754,175‌

595,736

FNMA

4

.000

09/01/41

572,118‌

363,326

FNMA

4

.500

09/01/41

359,132‌

155,023

FNMA

5

.500

09/01/41

160,755‌

13,687,521

FNMA

1

.500

10/01/41

11,197,378‌

8,934,508

FNMA

2

.000

10/01/41

7,531,267‌

22,670

i

FNMA

LIBOR

12

M

+

1.815%

4

.065

10/01/41

22,660‌

13,684,615

FNMA

2

.000

11/01/41

11,535,336‌

246,600

FNMA

3

.500

11/01/41

230,832‌

199,855

FNMA

3

.500

11/01/41

187,075‌

8,925,532

FNMA

3

.500

12/01/41

8,355,078‌

1,473,848

FNMA

3

.500

12/01/41

1,379,610‌

104,949

i

FNMA

LIBOR

12

M

+

1.750%

3

.901

12/01/41

106,025‌

256,619

FNMA

4

.000

12/01/41

246,445‌

13,834,949

FNMA

2

.500

01/01/42

12,030,051‌

693,231

FNMA

3

.500

03/01/42

648,906‌

462,409

FNMA

4

.000

03/01/42

444,075‌

1,675,753

FNMA

3

.500

04/01/42

1,568,591‌

657,452

FNMA

3

.500

04/01/42

615,414‌

596,929

FNMA

4

.500

04/01/42

591,754‌

645,037

FNMA

5

.000

04/01/42

653,183‌

424,050

FNMA

4

.000

05/01/42

407,241‌

419,392

FNMA

5

.000

05/01/42

424,690‌

517,804

FNMA

3

.000

06/01/42

471,147‌

1,959,254

FNMA

3

.500

06/01/42

1,833,957‌

1,652,613

FNMA

4

.000

06/01/42

1,587,046‌

1,184,191

FNMA

4

.000

06/01/42

1,137,208‌

2,930,921

FNMA

3

.500

07/01/42

2,743,507‌

614,468

FNMA

4

.500

07/01/42

609,139‌

674,690

FNMA

3

.500

08/01/42

631,548‌

1,096,168

FNMA

3

.000

09/01/42

997,402‌

1,380,280

FNMA

3

.500

09/01/42

1,292,007‌

7,174,567

FNMA

4

.500

09/01/42

7,112,371‌

2,535,486

FNMA

3

.000

10/01/42

2,307,024‌

633,923

FNMA

3

.500

10/01/42

593,314‌

1,183,930

FNMA

2

.500

01/01/43

1,020,685‌

3,704,026

FNMA

3

.000

01/01/43

3,370,597‌

4,288,985

FNMA

3

.000

02/01/43

3,902,464‌

8,278,378

FNMA

3

.000

04/01/43

7,532,247‌

11,705,173

FNMA

3

.000

04/01/43

10,650,166‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

120

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

1,003,900

FNMA

3

.000

%

04/01/43

$

913,427‌

2,884,814

FNMA

3

.000

04/01/43

2,624,823‌

2,780,654

FNMA

3

.000

06/01/43

2,530,017‌

64,022

i

FNMA

LIBOR

12

M

+

1.695%

3

.567

06/01/43

64,096‌

2,623,349

FNMA

3

.000

07/01/43

2,386,949‌

1,903,525

FNMA

3

.500

07/01/43

1,779,760‌

6,769,919

FNMA

3

.500

07/01/43

6,329,756‌

23,493

i

FNMA

LIBOR

12

M

+

1.550%

3

.800

07/01/43

23,453‌

2,334,786

FNMA

3

.000

08/01/43

2,121,482‌

1,255,443

FNMA

4

.000

08/01/43

1,205,813‌

2,016,624

FNMA

3

.000

09/01/43

1,835,048‌

2,146,108

FNMA

3

.500

09/01/43

2,006,383‌

2,039,660

FNMA

3

.500

10/01/43

1,907,253‌

182,228

FNMA

4

.500

10/01/43

178,654‌

537,824

FNMA

4

.000

11/01/43

515,142‌

1,196,148

FNMA

4

.000

11/01/43

1,145,706‌

348,928

FNMA

4

.500

12/01/43

342,773‌

1,196,322

FNMA

4

.500

12/01/43

1,175,219‌

1,365,256

FNMA

4

.000

01/01/44

1,307,680‌

19,243,660

FNMA

4

.000

03/01/44

18,440,241‌

818,666

FNMA

4

.000

05/01/44

784,161‌

849,336

FNMA

4

.000

07/01/44

813,541‌

845,123

FNMA

4

.000

07/01/44

809,504‌

619,151

FNMA

3

.500

09/01/44

577,396‌

750,350

FNMA

4

.000

09/01/44

718,723‌

1,953,942

FNMA

3

.500

10/01/44

1,823,383‌

5,271,940

FNMA

5

.000

11/01/44

5,338,527‌

815,542

FNMA

4

.000

12/01/44

781,166‌

2,001,423

FNMA

3

.000

01/01/45

1,817,657‌

6,785,503

FNMA

3

.000

01/01/45

6,174,638‌

7,786,706

FNMA

3

.500

01/01/45

7,282,615‌

3,226,639

FNMA

3

.500

02/01/45

3,004,361‌

2,100,955

FNMA

3

.000

04/01/45

1,888,131‌

2,779,623

FNMA

3

.500

05/01/45

2,586,423‌

3,279,167

FNMA

3

.500

07/01/45

3,051,259‌

3,244,340

FNMA

4

.000

07/01/45

3,107,568‌

10,605,909

FNMA

3

.500

09/01/45

9,928,140‌

4,956,013

FNMA

3

.000

11/01/45

4,453,948‌

2,061,093

FNMA

3

.500

11/01/45

1,916,122‌

6,312,378

FNMA

4

.000

11/01/45

6,046,249‌

1,593,504

FNMA

3

.500

12/01/45

1,480,597‌

6,010,706

FNMA

3

.500

12/01/45

5,584,808‌

2,864,976

FNMA

3

.500

12/01/45

2,662,577‌

8,271,336

FNMA

3

.500

01/01/46

7,666,210‌

1,561,996

FNMA

3

.500

02/01/46

1,451,321‌

4,266,399

FNMA

3

.500

04/01/46

3,974,058‌

2,480,195

FNMA

4

.500

05/01/46

2,436,434‌

2,182,101

FNMA

3

.000

06/01/46

1,955,501‌

3,375,817

FNMA

3

.500

07/01/46

3,134,510‌

5,813,436

FNMA

3

.500

08/01/46

5,441,933‌

3,301,347

FNMA

4

.000

08/01/46

3,160,109‌

3,414,195

FNMA

3

.000

09/01/46

3,057,003‌

4,220,818

FNMA

3

.000

10/01/46

3,777,949‌

21,942,578

FNMA

3

.000

11/01/46

19,701,270‌

1,959,509

FNMA

3

.500

12/01/46

1,818,226‌

26,059,902

FNMA

3

.000

01/01/47

23,269,816‌

3,292,506

FNMA

3

.000

02/01/47

2,942,948‌

2,229,941

FNMA

4

.000

02/01/47

2,130,855‌

4,680,240

FNMA

3

.000

03/01/47

4,183,345‌

2,849,017

FNMA

3

.500

03/01/47

2,642,819‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

121

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

658,616

FNMA

4

.000

%

03/01/47

$

629,487‌

516,834

FNMA

4

.500

03/01/47

505,776‌

4,176,798

FNMA

3

.000

04/01/47

3,755,417‌

6,529,896

FNMA

3

.000

04/01/47

5,834,593‌

3,756,816

FNMA

3

.500

04/01/47

3,466,572‌

1,887,542

FNMA

3

.500

05/01/47

1,758,988‌

3,749,184

FNMA

3

.500

07/01/47

3,508,032‌

14,597,756

FNMA

4

.000

07/01/47

13,943,851‌

19,252,602

FNMA

3

.500

11/01/47

17,819,775‌

1,455,286

FNMA

4

.500

11/01/47

1,428,705‌

1,903,037

FNMA

3

.500

01/01/48

1,764,673‌

6,987,026

FNMA

4

.000

01/01/48

6,665,365‌

1,096,745

FNMA

3

.000

02/01/48

975,812‌

1,561,450

FNMA

3

.500

02/01/48

1,446,758‌

10,892,923

FNMA

3

.500

04/01/48

10,073,251‌

2,244,333

FNMA

4

.000

04/01/48

2,145,656‌

191,847

FNMA

4

.500

04/01/48

188,166‌

3,323,671

FNMA

3

.500

06/01/48

3,078,146‌

5,799,518

FNMA

4

.000

07/01/48

5,517,503‌

3,743,155

FNMA

4

.500

07/01/48

3,670,742‌

2,119,258

FNMA

4

.000

08/01/48

2,015,190‌

1,565,040

FNMA

4

.000

10/01/48

1,492,253‌

2,186,524

FNMA

4

.500

10/01/48

2,141,570‌

17,370,631

FNMA

3

.000

11/01/48

15,537,213‌

4,290,505

FNMA

4

.000

11/01/48

4,086,814‌

1,523,557

FNMA

4

.500

11/01/48

1,490,136‌

1,581,509

FNMA

4

.000

12/01/48

1,507,955‌

1,361,263

FNMA

4

.500

01/01/49

1,330,353‌

3,657,217

FNMA

4

.500

02/01/49

3,579,808‌

4,650,934

FNMA

4

.000

04/01/49

4,432,035‌

4,186,811

FNMA

5

.000

04/01/49

4,193,959‌

5,122,396

FNMA

3

.500

07/01/49

4,713,807‌

19,154,450

FNMA

3

.500

08/01/49

17,638,487‌

3,040,892

FNMA

4

.000

08/01/49

2,886,506‌

11,035,859

FNMA

3

.000

09/01/49

9,768,038‌

13,825,525

FNMA

3

.000

12/01/49

12,379,134‌

6,316,099

FNMA

3

.000

12/01/49

5,590,164‌

11,994,175

FNMA

3

.000

12/01/49

10,613,775‌

24,336,394

FNMA

3

.000

02/01/50

21,664,929‌

11,203,795

FNMA

3

.500

02/01/50

10,336,396‌

15,183,384

FNMA

3

.000

03/01/50

13,404,559‌

21,866,191

FNMA

3

.000

05/01/50

19,316,790‌

12,150,396

FNMA

3

.000

06/01/50

10,730,192‌

9,812,837

FNMA

4

.000

06/01/50

9,283,645‌

11,540,251

FNMA

4

.000

08/01/50

10,900,565‌

31,549,889

FNMA

2

.500

09/01/50

26,928,491‌

169,799,796

FNMA

2

.500

10/01/50

144,558,611‌

21,111,389

FNMA

1

.500

11/01/50

16,310,765‌

103,682,863

FNMA

2

.000

11/01/50

84,789,479‌

15,237,160

FNMA

2

.500

11/01/50

12,978,397‌

59,486,275

FNMA

1

.500

12/01/50

45,959,242‌

110,032,659

FNMA

2

.000

12/01/50

89,968,136‌

9,880,583

FNMA

2

.500

12/01/50

8,433,198‌

83,487,146

FNMA

2

.000

01/01/51

68,243,626‌

8,710,600

FNMA

1

.500

02/01/51

6,727,090‌

7,946,558

FNMA

2

.000

02/01/51

6,486,098‌

100,148,693

FNMA

2

.500

02/01/51

84,857,472‌

39,715,488

FNMA

1

.500

03/01/51

30,665,607‌

113,358,913

FNMA

2

.000

03/01/51

92,577,349‌

22,773,528

FNMA

1

.500

04/01/51

17,580,662‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

122

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

137,136,024

FNMA

2

.000

%

04/01/51

$

111,972,581‌

31,075,839

FNMA

2

.500

04/01/51

26,398,483‌

87,427,259

FNMA

2

.000

05/01/51

71,370,245‌

84,251,611

FNMA

2

.000

06/01/51

68,749,056‌

50,010,970

FNMA

2

.500

06/01/51

42,368,508‌

53,816,752

FNMA

2

.000

07/01/51

43,905,037‌

82,296,121

FNMA

2

.000

08/01/51

67,159,037‌

100,856,719

FNMA

2

.500

08/01/51

85,641,155‌

45,781,081

FNMA

2

.000

09/01/51

37,333,872‌

43,980,404

FNMA

2

.500

09/01/51

37,341,094‌

6,441,964

FNMA

1

.500

11/01/51

4,965,006‌

88,658,115

FNMA

2

.000

11/01/51

72,262,001‌

45,565,932

FNMA

2

.500

11/01/51

38,681,129‌

70,975,033

FNMA

2

.000

12/01/51

57,865,298‌

75,639,927

FNMA

2

.000

12/01/51

61,602,354‌

83,220,706

FNMA

2

.500

12/01/51

70,554,324‌

93,645,664

FNMA

2

.500

01/01/52

79,452,074‌

61,584,134

FNMA

3

.000

01/01/52

54,147,660‌

68,227,901

FNMA

2

.000

02/01/52

55,594,227‌

17,888,201

FNMA

3

.500

02/01/52

16,276,962‌

51,935,307

FNMA

2

.000

03/01/52

42,314,345‌

80,994,111

FNMA

2

.500

03/01/52

68,643,314‌

9,279,183

FNMA

3

.500

03/01/52

8,434,036‌

14,587,325

FNMA

2

.000

04/01/52

11,877,134‌

30,215,708

FNMA

2

.500

04/01/52

25,597,331‌

9,492,113

FNMA

3

.500

04/01/52

8,626,332‌

40,738,277

FNMA

2

.500

05/01/52

34,505,878‌

19,857,501

FNMA

3

.000

05/01/52

17,427,593‌

7,709,207

FNMA

3

.500

05/01/52

7,003,981‌

59,415,379

FNMA

4

.000

05/01/52

55,758,640‌

9,761,414

FNMA

2

.500

06/01/52

8,271,211‌

4,847,904

FNMA

3

.500

06/01/52

4,405,733‌

14,492,133

FNMA

4

.000

06/01/52

13,594,201‌

33,607,806

FNMA

4

.500

06/01/52

32,352,015‌

5,806,156

FNMA

3

.000

07/01/52

5,096,077‌

28,397,785

FNMA

3

.500

07/01/52

25,807,647‌

9,709,105

FNMA

4

.000

07/01/52

9,110,520‌

40,290,366

h

FNMA

4

.000

07/01/52

37,793,908‌

9,652,767

FNMA

4

.500

07/01/52

9,292,076‌

24,232,825

FNMA

4

.500

07/01/52

23,326,690‌

23,812,492

FNMA

5

.000

07/01/52

23,483,183‌

13,190,945

FNMA

2

.500

08/01/52

11,172,987‌

4,841,889

FNMA

5

.000

08/01/52

4,774,929‌

9,890,012

FNMA

3

.500

09/01/52

8,987,085‌

14,642,504

FNMA

4

.500

09/01/52

14,094,596‌

8,893,020

FNMA

4

.000

10/01/52

8,341,989‌

56,153,921

h

FNMA

4

.500

10/01/52

54,051,264‌

28,262,731

FNMA

5

.000

10/01/52

27,871,878‌

16,553,903

FNMA

5

.500

10/01/52

16,608,006‌

16,827,052

FNMA

3

.000

11/01/52

14,773,684‌

15,590,444

FNMA

3

.500

11/01/52

14,168,453‌

10,853,108

FNMA

4

.000

11/01/52

10,180,635‌

32,944,807

h

FNMA

5

.000

11/01/52

32,489,204‌

9,847,450

FNMA

5

.500

11/01/52

9,873,882‌

9,822,411

FNMA

6

.000

11/01/52

9,970,375‌

3,140,670

FNMA

4

.000

12/01/52

2,946,076‌

15,871,501

h

FNMA

5

.500

12/01/52

15,914,102‌

2,950,000

h

FNMA

6

.000

01/01/53

2,994,439‌

2,900,000

h

FNMA

6

.500

01/01/53

2,971,305‌

1,811,824

FNMA

3

.500

07/01/55

1,681,558‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

123

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

167

Government

National

Mortgage

Association

(GNMA)

4

.500

%

01/20/24

$

166‌

1,967

GNMA

4

.000

04/15/24

1,950‌

149

GNMA

4

.500

07/15/24

148‌

10,997

GNMA

4

.000

08/15/24

10,875‌

2,536

GNMA

4

.500

08/15/24

2,521‌

6,889

GNMA

4

.000

09/15/24

6,817‌

1,947

GNMA

4

.500

01/15/25

1,935‌

18,598

GNMA

4

.000

08/15/25

18,314‌

9,640

GNMA

3

.500

03/15/26

9,413‌

10,767

GNMA

4

.000

04/15/26

10,484‌

12,067

GNMA

4

.000

06/20/26

11,742‌

19,797

GNMA

3

.500

11/20/26

19,171‌

97,404

GNMA

3

.000

12/15/26

94,361‌

314,700

GNMA

2

.500

04/20/27

301,685‌

265,707

GNMA

2

.500

09/20/27

254,664‌

139

GNMA

6

.500

09/15/28

143‌

94

GNMA

6

.500

09/15/28

97‌

784

GNMA

6

.500

11/15/28

806‌

146

GNMA

7

.500

11/15/28

146‌

404,460

GNMA

3

.500

11/20/28

391,552‌

4,686

GNMA

8

.500

10/15/30

4,724‌

1,625

GNMA

8

.500

10/20/30

1,700‌

201

GNMA

8

.500

12/15/30

217‌

224

GNMA

7

.000

06/20/31

231‌

201

GNMA

7

.000

07/15/31

201‌

2,030,212

GNMA

3

.000

08/20/32

1,930,884‌

80,482

GNMA

6

.000

10/15/32

84,880‌

10,972

GNMA

5

.500

12/20/32

11,254‌

27,779

GNMA

5

.500

05/15/33

28,217‌

2,867

GNMA

5

.000

07/15/33

2,868‌

12,391

GNMA

5

.500

07/15/33

12,690‌

2,995

GNMA

5

.000

07/20/33

3,056‌

8,823

GNMA

5

.000

08/15/33

8,895‌

12,816

GNMA

5

.000

08/15/33

12,916‌

48,892

GNMA

5

.500

09/15/33

50,889‌

41,258

GNMA

6

.000

11/20/33

43,198‌

17,693

GNMA

5

.500

05/20/34

18,022‌

26,467

GNMA

6

.000

09/20/34

27,162‌

1,777

GNMA

5

.000

10/20/34

1,814‌

49,188

GNMA

5

.500

11/15/34

51,514‌

25,527

GNMA

6

.500

01/15/35

26,243‌

14,243

GNMA

5

.500

02/20/35

14,721‌

260,142

GNMA

5

.000

03/20/35

265,524‌

77,972

GNMA

5

.000

04/15/35

79,068‌

79,699

GNMA

5

.500

05/20/35

82,926‌

2,763

GNMA

5

.000

09/20/35

2,804‌

3,105

GNMA

5

.000

11/15/35

3,138‌

1,984

GNMA

5

.000

11/15/35

2,030‌

22,195

GNMA

5

.500

02/20/36

23,096‌

3,019

GNMA

5

.500

03/15/36

3,129‌

7,015

GNMA

5

.500

05/20/36

7,264‌

2,814

GNMA

6

.500

06/15/36

2,910‌

67,494

GNMA

5

.500

06/20/36

70,234‌

4,228

GNMA

5

.000

09/15/36

4,327‌

2,174

GNMA

6

.000

09/15/36

2,249‌

6,634

GNMA

6

.000

10/20/36

7,005‌

4,472

GNMA

5

.000

12/15/36

4,576‌

4,136

GNMA

6

.000

01/20/37

4,367‌

56,872

GNMA

5

.500

02/15/37

58,168‌

14,837

GNMA

6

.000

02/20/37

15,662‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

124

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

102,983

GNMA

6

.000

%

04/15/37

$

109,087‌

40,512

GNMA

6

.000

04/20/37

41,509‌

6,902

GNMA

6

.000

06/15/37

7,087‌

8,154

GNMA

6

.000

08/20/37

8,610‌

7,065

GNMA

6

.500

08/20/37

7,579‌

32,405

GNMA

6

.500

11/20/37

34,290‌

10,956

GNMA

6

.000

12/15/37

11,501‌

1,753

GNMA

5

.000

02/20/38

1,785‌

39,087

GNMA

5

.000

04/15/38

39,679‌

1,092

GNMA

5

.500

05/20/38

1,129‌

6,275

GNMA

5

.500

06/15/38

6,533‌

21,166

GNMA

6

.000

06/20/38

22,351‌

20,142

GNMA

5

.500

07/15/38

20,884‌

149,212

GNMA

5

.000

07/20/38

151,733‌

143,726

GNMA

5

.500

07/20/38

147,051‌

4,556

GNMA

5

.500

08/15/38

4,743‌

46,693

GNMA

6

.000

08/15/38

49,494‌

41,902

GNMA

6

.000

08/15/38

43,215‌

14,281

GNMA

6

.000

08/20/38

15,081‌

56,201

GNMA

6

.000

09/20/38

59,331‌

32,425

GNMA

5

.000

10/15/38

32,664‌

5,852

GNMA

5

.500

10/15/38

6,047‌

7,381

GNMA

6

.500

10/20/38

7,396‌

3,016

GNMA

6

.500

10/20/38

3,225‌

767

GNMA

5

.500

11/15/38

798‌

13,165

GNMA

6

.500

11/20/38

13,912‌

43,292

GNMA

6

.000

12/15/38

45,270‌

902

GNMA

6

.500

12/15/38

934‌

10,464

GNMA

5

.000

01/15/39

10,709‌

225,576

GNMA

4

.500

01/20/39

225,135‌

31,790

GNMA

6

.500

01/20/39

33,517‌

8,839

GNMA

5

.000

02/15/39

9,016‌

713

GNMA

6

.000

02/15/39

731‌

104,552

GNMA

4

.500

03/15/39

102,914‌

7,914

GNMA

4

.500

03/15/39

7,863‌

3,041

GNMA

4

.500

03/20/39

3,035‌

62,145

GNMA

5

.500

03/20/39

64,673‌

5,323

GNMA

4

.500

04/15/39

5,274‌

104,909

GNMA

5

.500

04/15/39

108,823‌

2,109

GNMA

5

.000

04/20/39

2,145‌

8,970

GNMA

4

.000

05/15/39

8,674‌

152,068

GNMA

4

.500

05/15/39

150,952‌

74,096

GNMA

5

.000

05/15/39

75,412‌

11,000

GNMA

4

.000

05/20/39

10,628‌

26,776

GNMA

4

.500

05/20/39

26,724‌

642,906

GNMA

5

.000

05/20/39

653,724‌

4,190

GNMA

4

.500

06/15/39

4,163‌

375,887

GNMA

4

.500

06/15/39

374,031‌

625,849

GNMA

5

.000

06/15/39

636,970‌

445,122

GNMA

5

.000

06/15/39

449,913‌

10,147

GNMA

5

.000

06/15/39

10,386‌

4,126

GNMA

5

.000

06/15/39

4,209‌

4,584

GNMA

5

.000

06/15/39

4,691‌

6,072

GNMA

4

.000

06/20/39

5,867‌

4,002

GNMA

5

.000

06/20/39

4,069‌

424,266

GNMA

4

.000

07/15/39

407,746‌

4,920

GNMA

4

.500

07/15/39

4,843‌

12,991

GNMA

4

.500

07/15/39

12,788‌

525,142

GNMA

4

.500

07/15/39

521,291‌

6,948

GNMA

5

.000

07/15/39

7,112‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

125

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

58,519

GNMA

4

.500

%

07/20/39

$

58,405‌

55,171

GNMA

5

.000

07/20/39

56,095‌

6,471

GNMA

5

.500

07/20/39

6,734‌

26,831

GNMA

4

.000

08/15/39

25,871‌

50,310

GNMA

5

.000

08/15/39

50,911‌

3,441

GNMA

5

.500

08/15/39

3,515‌

17,821

GNMA

6

.000

08/15/39

18,279‌

18,286

GNMA

4

.000

08/20/39

17,668‌

13,924

GNMA

5

.000

08/20/39

14,161‌

18,914

GNMA

5

.000

09/20/39

19,236‌

3,939

GNMA

4

.500

10/15/39

3,877‌

2,188

GNMA

5

.000

10/15/39

2,232‌

5,953

GNMA

4

.500

10/20/39

5,941‌

12,523

GNMA

4

.500

11/15/39

12,430‌

8,612

GNMA

4

.500

11/20/39

8,595‌

10,462

GNMA

5

.000

11/20/39

10,640‌

295,699

GNMA

4

.500

12/15/39

293,528‌

8,615

GNMA

4

.500

12/20/39

8,598‌

330,424

GNMA

5

.000

12/20/39

336,046‌

284,832

GNMA

4

.500

01/20/40

284,275‌

5,049

GNMA

5

.500

01/20/40

5,248‌

194,023

GNMA

5

.500

02/15/40

201,962‌

25,625

GNMA

4

.000

03/15/40

24,866‌

4,547

GNMA

5

.000

03/15/40

4,574‌

1,373

GNMA

4

.500

04/15/40

1,355‌

53,427

GNMA

5

.000

04/15/40

54,065‌

11,525

GNMA

4

.500

04/20/40

11,502‌

1,747

GNMA

4

.500

05/15/40

1,735‌

52,497

GNMA

5

.000

05/15/40

53,330‌

85,857

i

GNMA

DGS1

+

1.500%

2

.875

05/20/40

84,740‌

2,394

GNMA

4

.500

05/20/40

2,390‌

1,128,643

GNMA

4

.500

06/15/40

1,121,442‌

3,262

GNMA

4

.500

06/15/40

3,238‌

3,492

GNMA

4

.500

06/15/40

3,466‌

60,399

GNMA

5

.000

06/20/40

61,427‌

101,388

GNMA

4

.500

07/15/40

100,650‌

31,847

GNMA

4

.500

07/15/40

31,348‌

404,828

GNMA

4

.500

07/20/40

404,036‌

12,362

GNMA

5

.000

07/20/40

12,527‌

82,240

GNMA

4

.000

08/15/40

79,206‌

428,972

GNMA

4

.000

08/15/40

411,669‌

39,127

GNMA

4

.500

08/15/40

38,878‌

29,723

GNMA

4

.500

08/20/40

29,664‌

26,572

GNMA

4

.500

09/20/40

26,519‌

9,915

GNMA

5

.500

09/20/40

10,318‌

9,641

GNMA

6

.500

09/20/40

9,950‌

13,639

GNMA

4

.000

10/15/40

13,137‌

22,066

GNMA

6

.000

10/20/40

23,300‌

158,820

GNMA

4

.000

11/15/40

152,965‌

346,805

GNMA

4

.000

11/20/40

335,093‌

80,211

GNMA

3

.500

12/15/40

75,437‌

156,301

GNMA

5

.500

12/20/40

162,628‌

449,335

GNMA

4

.000

01/15/41

435,217‌

938,630

GNMA

4

.000

01/20/41

903,336‌

88,738

GNMA

4

.000

02/15/41

85,906‌

255,989

GNMA

4

.500

02/20/41

255,488‌

150,830

GNMA

4

.500

03/15/41

149,877‌

292,925

GNMA

4

.500

04/20/41

292,352‌

66,797

GNMA

5

.000

04/20/41

67,930‌

21,669

i

GNMA

DGS1

+

1.500%

2

.875

06/20/41

21,401‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

126

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

55,789

GNMA

4

.000

%

07/15/41

$

53,859‌

120,911

GNMA

4

.000

07/20/41

116,828‌

411,288

GNMA

4

.500

07/20/41

410,484‌

361,711

GNMA

5

.000

07/20/41

367,847‌

83,381

GNMA

4

.500

08/15/41

82,769‌

178,679

GNMA

5

.000

08/20/41

181,725‌

248,631

GNMA

4

.000

09/15/41

238,600‌

12,823

i

GNMA

DGS1

+

1.500%

2

.625

09/20/41

12,533‌

564,132

GNMA

4

.000

09/20/41

545,113‌

42,146

GNMA

4

.000

10/15/41

40,798‌

26,163

i

GNMA

DGS1

+

1.500%

1

.750

10/20/41

25,484‌

14,469

i

GNMA

DGS1

+

1.500%

1

.750

10/20/41

14,094‌

726,310

GNMA

4

.000

10/20/41

701,773‌

108,652

GNMA

5

.500

10/20/41

113,066‌

197,089

GNMA

3

.500

11/15/41

185,361‌

507,805

GNMA

4

.000

11/15/41

489,145‌

967,043

GNMA

4

.500

11/20/41

965,151‌

433,550

GNMA

5

.000

11/20/41

440,932‌

95,333

GNMA

6

.000

11/20/41

100,641‌

513,910

GNMA

3

.500

01/20/42

484,183‌

70,221

i

GNMA

DGS1

+

1.500%

2

.625

02/20/42

69,416‌

244,757

GNMA

3

.500

03/20/42

230,605‌

463,413

GNMA

4

.500

03/20/42

462,506‌

454,885

GNMA

3

.500

04/15/42

427,858‌

987,710

GNMA

3

.500

05/20/42

913,812‌

2,324,851

GNMA

3

.500

05/20/42

2,190,388‌

538,119

GNMA

4

.000

05/20/42

523,431‌

985,475

GNMA

3

.500

07/15/42

926,772‌

95,580

i

GNMA

DGS1

+

1.500%

2

.625

07/20/42

93,452‌

544,201

GNMA

3

.500

07/20/42

512,729‌

719,460

GNMA

3

.000

08/20/42

656,767‌

989,528

GNMA

3

.500

08/20/42

920,577‌

2,260,161

GNMA

3

.500

08/20/42

2,129,451‌

484,465

GNMA

6

.000

08/20/42

509,415‌

919,204

GNMA

3

.500

10/20/42

866,028‌

1,067,354

GNMA

3

.000

11/20/42

974,335‌

1,054,515

GNMA

3

.000

12/20/42

952,216‌

1,248,934

GNMA

3

.000

12/20/42

1,140,088‌

675,122

GNMA

3

.000

01/15/43

618,157‌

2,840,404

GNMA

3

.000

01/15/43

2,600,066‌

931,326

GNMA

3

.000

01/20/43

850,174‌

1,591,928

GNMA

3

.000

02/20/43

1,453,191‌

1,245,660

GNMA

3

.000

02/20/43

1,139,880‌

265,274

GNMA

3

.000

04/15/43

242,843‌

305,463

GNMA

5

.000

04/20/43

310,658‌

630,470

GNMA

3

.000

05/20/43

575,519‌

955,915

GNMA

3

.000

06/20/43

872,630‌

2,431,412

GNMA

3

.500

06/20/43

2,268,459‌

2,094,888

GNMA

3

.000

07/20/43

1,912,283‌

986,699

GNMA

3

.500

07/20/43

929,631‌

4,106,925

GNMA

4

.500

08/20/43

4,146,817‌

1,364,944

GNMA

3

.500

09/20/43

1,285,997‌

440,560

GNMA

4

.000

09/20/43

424,466‌

5,722,362

GNMA

3

.500

10/20/43

5,388,234‌

2,642,843

GNMA

4

.000

10/20/43

2,548,297‌

246,031

GNMA

3

.500

11/20/43

231,519‌

476,475

GNMA

4

.000

11/20/43

458,905‌

456,496

GNMA

4

.500

12/20/43

460,669‌

504,338

GNMA

4

.500

01/20/44

509,259‌

597,433

GNMA

3

.500

02/20/44

561,224‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

127

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

809,006

GNMA

4

.000

%

02/20/44

$

778,806‌

803,423

GNMA

4

.000

05/20/44

773,333‌

841,227

GNMA

4

.000

06/20/44

809,686‌

2,177,490

GNMA

3

.500

07/20/44

2,035,848‌

6,713,582

GNMA

3

.500

10/20/44

6,271,922‌

698,152

GNMA

4

.500

10/20/44

699,902‌

1,544,024

GNMA

3

.500

11/20/44

1,442,183‌

1,932,056

GNMA

3

.000

12/20/44

1,766,357‌

3,579,264

GNMA

4

.000

12/20/44

3,442,905‌

4,878,675

GNMA

3

.500

02/20/45

4,555,567‌

2,886,178

GNMA

4

.000

03/20/45

2,776,129‌

1,986,846

GNMA

3

.000

04/20/45

1,813,717‌

4,232,466

GNMA

3

.000

06/20/45

3,859,381‌

9,634,330

GNMA

3

.000

07/20/45

8,779,949‌

3,280,688

GNMA

4

.000

10/20/45

3,155,625‌

5,527,146

GNMA

4

.000

11/20/45

5,326,891‌

2,458,568

GNMA

3

.000

12/20/45

2,228,185‌

2,211,636

GNMA

3

.500

12/20/45

2,056,203‌

11,910,163

GNMA

3

.000

03/20/46

10,817,371‌

4,160,000

GNMA

3

.000

04/20/46

3,782,299‌

2,511,642

GNMA

4

.000

04/20/46

2,399,535‌

11,196,238

GNMA

3

.000

05/20/46

10,162,149‌

6,910,643

GNMA

3

.500

05/20/46

6,452,004‌

2,551,820

GNMA

3

.000

06/20/46

2,311,088‌

1,549,721

GNMA

3

.500

06/20/46

1,446,089‌

1,925,693

GNMA

3

.000

07/20/46

1,744,907‌

3,290,008

GNMA

3

.500

08/20/46

3,069,171‌

1,864,814

GNMA

3

.000

09/20/46

1,687,875‌

7,669,740

GNMA

3

.500

09/20/46

7,174,219‌

3,651,458

GNMA

3

.000

10/20/46

3,302,885‌

2,015,187

GNMA

3

.000

12/20/46

1,820,534‌

12,591,293

GNMA

3

.000

01/20/47

11,326,956‌

1,440,256

GNMA

4

.000

01/20/47

1,383,437‌

3,133,250

GNMA

4

.000

04/20/47

3,006,434‌

3,330,518

GNMA

3

.500

05/20/47

3,115,158‌

1,692,050

GNMA

3

.500

06/20/47

1,577,563‌

2,140,576

GNMA

3

.000

07/20/47

1,934,273‌

3,910,278

GNMA

4

.500

07/20/47

3,853,969‌

4,013,076

GNMA

3

.000

08/20/47

3,613,807‌

4,460,313

GNMA

3

.500

08/20/47

4,157,318‌

7,908,847

GNMA

3

.000

09/20/47

7,122,656‌

10,124,447

GNMA

4

.000

09/20/47

9,745,243‌

7,198,087

GNMA

3

.500

11/20/47

6,701,216‌

5,338,466

GNMA

3

.500

12/20/47

4,978,673‌

3,401,297

GNMA

3

.500

01/20/48

3,178,081‌

4,277,735

GNMA

4

.000

05/20/48

4,099,608‌

3,178,011

GNMA

4

.000

06/20/48

3,035,364‌

7,455,625

GNMA

3

.500

07/20/48

6,943,529‌

3,315,479

GNMA

4

.000

08/20/48

3,177,287‌

2,334,090

GNMA

5

.000

08/20/48

2,327,112‌

2,139,168

GNMA

4

.500

09/20/48

2,075,878‌

1,810,376

GNMA

5

.000

10/20/48

1,816,611‌

1,493,484

GNMA

4

.500

11/20/48

1,466,674‌

3,454,630

GNMA

3

.500

04/20/49

3,208,256‌

11,651,236

GNMA

4

.500

04/20/49

11,409,587‌

3,520,523

GNMA

4

.000

05/20/49

3,362,986‌

2,250,863

GNMA

3

.500

06/20/49

2,078,108‌

5,072,573

GNMA

3

.500

09/20/49

4,706,751‌

3,626,783

GNMA

3

.500

11/20/49

3,362,905‌

28,325,593

GNMA

2

.500

12/20/49

24,692,379‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

128

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

15,257,298

GNMA

3

.000

%

02/20/50

$

13,716,952‌

7,901,211

GNMA

3

.500

02/20/50

7,331,689‌

11,195,107

GNMA

3

.500

04/20/50

10,384,951‌

10,516,112

GNMA

3

.000

05/20/50

9,443,249‌

38,023,611

GNMA

3

.000

08/20/50

34,113,832‌

10,983,219

GNMA

3

.000

09/20/50

9,857,277‌

16,901,641

GNMA

2

.500

10/20/50

14,717,058‌

44,125,549

GNMA

2

.000

11/20/50

37,234,966‌

15,118,453

GNMA

2

.500

12/20/50

13,163,734‌

21,802,226

GNMA

2

.000

01/20/51

18,383,641‌

6,507,552

GNMA

2

.500

01/20/51

5,665,493‌

15,542,793

GNMA

2

.000

02/20/51

13,028,106‌

4,260,883

GNMA

1

.500

04/20/51

3,426,843‌

18,228,705

GNMA

2

.000

04/20/51

15,357,290‌

38,338,694

GNMA

2

.500

04/20/51

33,390,881‌

15,792,739

GNMA

2

.500

05/20/51

13,730,636‌

75,022,954

GNMA

2

.500

07/20/51

65,154,683‌

21,753,395

GNMA

2

.500

08/20/51

18,893,954‌

26,593,336

GNMA

2

.500

09/20/51

23,083,300‌

167,829,510

GNMA

2

.000

11/20/51

140,947,615‌

18,666,181

GNMA

2

.000

12/20/51

15,644,273‌

27,701,214

GNMA

2

.500

12/20/51

24,028,403‌

27,471,938

GNMA

3

.000

12/20/51

24,546,891‌

4,673,750

GNMA

3

.500

01/20/52

4,294,586‌

14,198,211

GNMA

2

.500

02/20/52

12,312,173‌

23,218,967

GNMA

3

.500

02/20/52

21,363,650‌

10,127,062

GNMA

2

.000

04/20/52

8,486,083‌

26,951,378

GNMA

2

.500

04/20/52

23,348,713‌

19,305,079

GNMA

3

.000

04/20/52

17,206,264‌

12,864,534

GNMA

2

.000

05/20/52

10,781,241‌

9,655,887

GNMA

2

.500

05/20/52

8,365,405‌

9,791,831

GNMA

4

.000

05/20/52

9,266,468‌

18,108,710

GNMA

3

.000

06/20/52

16,124,532‌

9,813,324

GNMA

4

.000

06/20/52

9,286,797‌

13,086,931

h

GNMA

3

.500

07/20/52

12,024,969‌

4,933,564

GNMA

4

.500

07/20/52

4,786,861‌

4,926,308

GNMA

3

.500

08/20/52

4,526,550‌

9,897,290

GNMA

4

.000

08/20/52

9,366,241‌

4,953,885

GNMA

4

.500

08/20/52

4,807,435‌

4,947,692

GNMA

5

.000

08/20/52

4,903,849‌

4,963,803

GNMA

3

.500

09/20/52

4,560,995‌

5,959,593

GNMA

4

.000

09/20/52

5,639,822‌

37,856,318

h

GNMA

4

.500

09/20/52

36,729,369‌

4,966,450

GNMA

5

.000

09/20/52

4,922,441‌

9,947,723

GNMA

5

.500

09/20/52

10,017,808‌

5,552,266

GNMA

3

.500

10/20/52

5,101,697‌

21,248,674

h

GNMA

4

.000

10/20/52

20,108,545‌

2,164,395

GNMA

3

.500

11/20/52

1,988,757‌

23,235,287

h

GNMA

5

.000

11/20/52

23,029,395‌

4,000,000

h

GNMA

5

.500

12/20/52

4,024,851‌

TOTAL

MORTGAGE

BACKED

5,427,403,987‌

MUNICIPAL

BONDS

-

0

.8

%

200,000

Alabama

Economic

Settlement

Authority

4

.263

09/15/32

186,136‌

250,000

Alabama

Federal

Aid

Highway

Finance

Authority

2

.650

09/01/37

186,522‌

300,000

American

Municipal

Power

7

.834

02/15/41

367,348‌

480,000

American

Municipal

Power

6

.270

02/15/50

508,482‌

1,165,000

American

Municipal

Power

8

.084

02/15/50

1,502,273‌

750,000

American

University

3

.672

04/01/49

575,087‌

750,000

Bay

Area

Toll

Authority

2

.574

04/01/31

657,768‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

129

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MUNICIPAL

BONDS—continued

$

1,000,000

Bay

Area

Toll

Authority

6

.918

%

04/01/40

$

1,170,547‌

2,000,000

Bay

Area

Toll

Authority

6

.263

04/01/49

2,273,266‌

755,000

Bay

Area

Toll

Authority

3

.126

04/01/55

504,878‌

500,000

California

Earthquake

Authority

5

.603

07/01/27

504,455‌

100,000

California

Health

Facilities

Financing

Authority

4

.190

06/01/37

89,508‌

100,000

California

Health

Facilities

Financing

Authority

4

.353

06/01/41

88,637‌

200,000

California

Institute

of

Technology

4

.321

08/01/45

174,841‌

750,000

California

Institute

of

Technology

3

.650

09/01/19

477,704‌

200,000

California

State

University

3

.899

11/01/47

170,187‌

1,000,000

California

State

University

2

.897

11/01/51

705,954‌

750,000

California

State

University

2

.975

11/01/51

520,657‌

950,000

California

State

University

2

.939

11/01/52

644,620‌

720,000

Central

Puget

Sound

Regional

Transit

Authority

5

.491

11/01/39

752,497‌

1,665,000

Charlotte-Mecklenburg

Hospital

Authority

3

.204

01/15/51

1,135,758‌

460,000

Chicago

Metropolitan

Water

Reclamation

District-

Greater

Chicago

5

.720

12/01/38

486,806‌

2,250,000

Chicago

O'Hare

International

Airport

6

.395

01/01/40

2,520,164‌

200,000

Chicago

O'Hare

International

Airport

4

.472

01/01/49

176,680‌

200,000

Chicago

O'Hare

International

Airport

4

.572

01/01/54

176,874‌

680,000

City

of

Atlanta

GA

Water

&

Wastewater

Revenue

2

.257

11/01/35

515,697‌

690,000

City

of

Houston

TX

3

.961

03/01/47

596,446‌

140,000

City

of

Los

Angeles

Department

of

Airports

Customer

Facility

Charge

Revenue

4

.242

05/15/48

117,436‌

345,000

City

of

New

York

NY

5

.263

10/01/52

346,674‌

1,000,000

City

of

Riverside

CA

3

.857

06/01/45

810,784‌

310,000

City

of

San

Antonio

TX

Electric

&

Gas

Systems

Revenue

2

.905

02/01/48

218,807‌

310,000

City

of

San

Francisco

CA

Public

Utilities

Commission

Water

Revenue

3

.303

11/01/39

253,891‌

865,000

City

of

San

Francisco

CA

Public

Utilities

Commission

Water

Revenue

2

.825

11/01/41

646,607‌

875,000

City

of

Tucson

AZ

2

.856

07/01/47

586,297‌

750,000

City

Public

Service

Board

of

San

Antonio

TX

5

.808

02/01/41

800,837‌

150,000

Colorado

Bridge

Enterprise

6

.078

12/01/40

161,960‌

200,000

Commonwealth

Financing

Authority

4

.014

06/01/33

183,812‌

100,000

Commonwealth

Financing

Authority

3

.864

06/01/38

87,898‌

100,000

Commonwealth

Financing

Authority

4

.144

06/01/38

89,664‌

645,000

Commonwealth

Financing

Authority

3

.807

06/01/41

532,265‌

825,000

Commonwealth

Financing

Authority

2

.991

06/01/42

595,635‌

1,000,000

Commonwealth

of

Massachusetts

3

.769

07/15/29

944,106‌

1,000,000

Commonwealth

of

Massachusetts

4

.110

07/15/31

966,048‌

500,000

Commonwealth

of

Massachusetts

5

.731

06/01/40

517,162‌

1,000,000

Commonwealth

of

Massachusetts

2

.514

07/01/41

721,832‌

100,000

Commonwealth

of

Massachusetts

3

.277

06/01/46

76,218‌

750,000

Commonwealth

of

Massachusetts

2

.900

09/01/49

520,705‌

130,000

County

of

Broward

FL

Airport

System

Revenue

3

.477

10/01/43

98,696‌

200,000

County

of

Clark

NV

6

.820

07/01/45

235,802‌

135,000

County

of

Miami-Dade

FL

Aviation

Revenue

4

.280

10/01/41

119,489‌

200,000

County

of

Miami-Dade

FL

Water

&

Sewer

System

Revenue

3

.490

10/01/42

160,633‌

1,000,000

County

of

Riverside

CA

3

.818

02/15/38

871,949‌

1,485,000

Dallas

Area

Rapid

Transit

2

.613

12/01/48

980,573‌

750,000

Dallas

Area

Rapid

Transit

5

.022

12/01/48

727,761‌

255,000

Dallas

Fort

Worth

International

Airport

2

.843

11/01/46

183,483‌

235,000

Dallas

Fort

Worth

International

Airport

4

.087

11/01/51

196,269‌

445,000

Dallas

Fort

Worth

International

Airport

4

.507

11/01/51

401,154‌

250,000

Dallas/Fort

Worth

International

Airport

2

.994

11/01/38

203,472‌

235,000

Dallas/Fort

Worth

International

Airport

3

.089

11/01/40

183,122‌

100,000

Dallas/Fort

Worth

International

Airport

3

.144

11/01/45

75,121‌

210,000

Dallas/Fort

Worth

International

Airport

2

.919

11/01/50

147,425‌

350,000

Denver

City

&

County

School

District

No.

1

4

.242

12/15/37

319,098‌

200,000

District

of

Columbia

5

.591

12/01/34

208,039‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

130

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MUNICIPAL

BONDS—continued

$

470,000

District

of

Columbia

Water

&

Sewer

Authority

3

.207

%

10/01/48

$

352,493‌

445,000

District

of

Columbia

Water

&

Sewer

Authority

4

.814

10/01/14

386,502‌

500,000

Duke

University

2

.682

10/01/44

361,483‌

115,000

Duke

University

3

.299

10/01/46

85,650‌

500,000

Duke

University

2

.757

10/01/50

325,083‌

500,000

Duke

University

2

.832

10/01/55

337,264‌

5,000

Energy

Northwest

2

.814

07/01/24

4,898‌

360,000

Foothill-Eastern

Transportation

Corridor

Agency

4

.094

01/15/49

272,990‌

300,000

Foothill-Eastern

Transportation

Corridor

Agency

3

.924

01/15/53

216,337‌

300,000

George

Washington

University

4

.300

09/15/44

251,902‌

200,000

George

Washington

University

4

.868

09/15/45

183,051‌

375,000

George

Washington

University

4

.126

09/15/48

310,752‌

100,000

Georgetown

University

4

.315

04/01/49

83,416‌

500,000

Georgetown

University

2

.943

04/01/50

316,089‌

300,000

Georgetown

University

5

.215

10/01/18

262,179‌

1,000,000

Golden

State

Tobacco

Securitization

Corp

3

.487

06/01/36

799,396‌

1,500,000

Golden

State

Tobacco

Securitization

Corp

3

.115

06/01/38

1,165,665‌

430,000

Golden

State

Tobacco

Securitization

Corp

3

.714

06/01/41

323,148‌

770,000

Golden

State

Tobacco

Securitization

Corp

3

.850

06/01/50

682,282‌

1,000,000

Golden

State

Tobacco

Securitization

Corp

4

.214

06/01/50

782,986‌

970,000

Grand

Parkway

Transportation

Corp

3

.236

10/01/52

690,025‌

175,000

Great

Lakes

Water

Authority

Sewage

Disposal

System

Revenue

3

.056

07/01/39

134,718‌

330,000

Great

Lakes

Water

Authority

Water

Supply

System

Revenue

3

.473

07/01/41

264,905‌

200,000

Health

&

Educational

Facilities

Authority

of

the

State

of

Missouri

3

.651

01/15/46

162,021‌

200,000

Health

&

Educational

Facilities

Authority

of

the

State

of

Missouri

3

.086

09/15/51

140,510‌

200,000

Health

&

Educational

Facilities

Authority

of

the

State

of

Missouri

3

.652

08/15/57

153,835‌

1,500,000

Idaho

Energy

Resources

Authority

2

.861

09/01/46

1,022,388‌

500,000

Illinois

State

Toll

Highway

Authority

6

.184

01/01/34

537,603‌

385,000

Indiana

Finance

Authority

3

.051

01/01/51

277,787‌

770,000

JobsOhio

Beverage

System

2

.833

01/01/38

602,889‌

1,500,000

Kansas

Development

Finance

Authority

2

.774

05/01/51

1,014,431‌

1,000,000

Los

Angeles

Community

College

District

1

.606

08/01/28

859,041‌

1,000,000

Los

Angeles

Community

College

District

1

.806

08/01/30

820,179‌

770,000

Los

Angeles

Community

College

District

2

.106

08/01/32

616,727‌

240,000

Los

Angeles

Community

College

District

6

.750

08/01/49

299,132‌

350,000

Los

Angeles

Department

of

Water

&

Power

Power

System

Revenue

5

.716

07/01/39

374,886‌

1,500,000

Los

Angeles

Department

of

Water

&

Power

Power

System

Revenue

6

.574

07/01/45

1,769,995‌

1,630,000

Los

Angeles

Unified

School

District

5

.750

07/01/34

1,705,246‌

1,000,000

Louisiana

Local

Government

Environmental

Facilities

&

Community

Development

Auth

4

.145

02/01/33

948,105‌

1,000,000

Louisiana

Local

Government

Environmental

Facilities

&

Community

Development

Auth

4

.275

02/01/36

931,222‌

830,000

Louisiana

Local

Government

Environmental

Facilities

&

Community

Development

Auth

4

.475

08/01/39

773,763‌

1,000,000

Maryland

Health

&

Higher

Educational

Facilities

Authority

3

.052

07/01/40

713,605‌

1,000,000

Maryland

Health

&

Higher

Educational

Facilities

Authority

3

.197

07/01/50

656,581‌

1,000,000

Massachusetts

School

Building

Authority

1

.753

08/15/30

817,445‌

100,000

Massachusetts

School

Building

Authority

5

.715

08/15/39

102,618‌

500,000

Massachusetts

School

Building

Authority

3

.395

10/15/40

404,408‌

1,000,000

Massachusetts

Water

Resources

Authority

2

.823

08/01/41

737,454‌

100,000

Metropolitan

Government

of

Nashville

&

Davidson

County

Convention

Center

Authority

6

.731

07/01/43

111,908‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

131

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MUNICIPAL

BONDS—continued

$

200,000

Metropolitan

Government

of

Nashville

&

Davidson

County

Health

&

Educational

Facilities

4

.053

%

07/01/26

$

192,932‌

940,000

Metropolitan

Transportation

Authority

6

.648

11/15/39

970,199‌

1,150,000

Metropolitan

Transportation

Authority

7

.336

11/15/39

1,412,911‌

335,000

Metropolitan

Transportation

Authority

5

.175

11/15/49

290,258‌

350,000

Michigan

Finance

Authority

3

.384

12/01/40

281,110‌

570,000

Michigan

State

Building

Authority

2

.705

10/15/40

416,415‌

235,000

Michigan

State

University

4

.496

08/15/48

210,329‌

1,000,000

Michigan

State

University

4

.165

08/15/22

739,556‌

770,000

Michigan

Strategic

Fund

3

.225

09/01/47

556,053‌

500,000

Missouri

Highway

&

Transportation

Commission

5

.445

05/01/33

516,299‌

241,000

Municipal

Electric

Authority

of

Georgia

6

.637

04/01/57

258,420‌

480,000

Municipal

Electric

Authority

of

Georgia

6

.655

04/01/57

519,439‌

947,000

New

Jersey

Economic

Development

Authority

7

.425

02/15/29

1,020,588‌

1,335,000

New

Jersey

State

Turnpike

Authority

7

.414

01/01/40

1,658,189‌

1,000,000

New

Jersey

State

Turnpike

Authority

7

.102

01/01/41

1,208,227‌

800,000

New

Jersey

Transportation

Trust

Fund

Authority

5

.754

12/15/28

806,810‌

500,000

New

Jersey

Transportation

Trust

Fund

Authority

4

.081

06/15/39

414,850‌

195,000

New

Jersey

Transportation

Trust

Fund

Authority

4

.131

06/15/42

157,185‌

2,385,000

New

York

City

Municipal

Water

Finance

Authority

5

.440

06/15/43

2,484,755‌

955,000

New

York

City

Transitional

Finance

Authority

Future

Tax

Secured

Revenue

5

.767

08/01/36

990,037‌

1,000,000

New

York

State

Dormitory

Authority

2

.202

03/15/34

763,863‌

130,000

New

York

State

Dormitory

Authority

5

.628

03/15/39

133,528‌

545,000

New

York

State

Dormitory

Authority

5

.600

03/15/40

564,946‌

500,000

New

York

State

Dormitory

Authority

3

.142

07/01/43

380,403‌

200,000

New

York

State

Dormitory

Authority

4

.946

08/01/48

175,394‌

500,000

New

York

State

Thruway

Authority

2

.900

01/01/35

411,005‌

110,000

New

York

State

Thruway

Authority

3

.500

01/01/42

86,186‌

1,000,000

New

York

State

Urban

Development

Corp

3

.900

03/15/33

917,347‌

2,000,000

North

Texas

Tollway

Authority

3

.011

01/01/43

1,500,281‌

1,000,000

North

Texas

Tollway

Authority

6

.718

01/01/49

1,188,124‌

675,000

Ohio

State

Water

Development

Authority

4

.879

12/01/34

669,237‌

605,000

Ohio

Turnpike

&

Infrastructure

Commission

3

.216

02/15/48

432,523‌

750,000

Oklahoma

Development

Finance

Authority

3

.877

05/01/37

710,889‌

500,000

Oklahoma

Development

Finance

Authority

4

.623

06/01/44

464,464‌

750,000

Oklahoma

Development

Finance

Authority

4

.380

11/01/45

682,464‌

250,000

Oklahoma

Development

Finance

Authority

4

.714

05/01/52

229,333‌

599,669

Oregon

School

Boards

Association

4

.759

06/30/28

592,978‌

250,000

Oregon

School

Boards

Association

5

.680

06/30/28

256,245‌

1,000,000

Oregon

State

University

3

.424

03/01/60

694,429‌

500,000

Pennsylvania

State

University

2

.790

09/01/43

357,505‌

205,000

Pennsylvania

State

University

2

.840

09/01/50

134,924‌

300,000

Permanent

University

Fund-Texas

A&M

University

System

3

.660

07/01/47

246,707‌

200,000

Permanent

University

Fund-University

of

Texas

System

3

.376

07/01/47

157,816‌

560,000

Port

Authority

of

New

York

&

New

Jersey

1

.086

07/01/23

550,107‌

1,215,000

Port

Authority

of

New

York

&

New

Jersey

6

.040

12/01/29

1,283,140‌

500,000

Port

Authority

of

New

York

&

New

Jersey

5

.647

11/01/40

523,211‌

300,000

Port

Authority

of

New

York

&

New

Jersey

4

.823

06/01/45

276,679‌

1,000,000

Port

Authority

of

New

York

&

New

Jersey

5

.310

08/01/46

998,769‌

200,000

Port

Authority

of

New

York

&

New

Jersey

4

.031

09/01/48

165,252‌

900,000

Port

Authority

of

New

York

&

New

Jersey

3

.139

02/15/51

638,638‌

400,000

Port

Authority

of

New

York

&

New

Jersey

4

.229

10/15/57

336,011‌

1,600,000

Port

Authority

of

New

York

&

New

Jersey

3

.175

07/15/60

1,037,313‌

2,200,000

Port

Authority

of

New

York

&

New

Jersey

4

.810

10/15/65

2,045,027‌

250,000

Port

Authority

of

New

York

&

New

Jersey

3

.287

08/01/69

163,644‌

1,000,000

Port

of

Morrow

OR

2

.543

09/01/40

710,260‌

220,000

Princeton

University

5

.700

03/01/39

238,067‌

1,000,000

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

4

.132

05/15/32

932,981‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

132

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MUNICIPAL

BONDS—continued

$

750,000

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

3

.006

%

05/15/50

$

496,896‌

1,500,000

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

4

.563

05/15/53

1,316,172‌

750,000

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

3

.256

05/15/60

487,743‌

750,000

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

3

.706

05/15/20

472,903‌

500,000

Rutgers

The

State

University

of

New

Jersey

3

.270

05/01/43

377,650‌

500,000

Rutgers

The

State

University

of

New

Jersey

3

.915

05/01/19

331,285‌

195,000

Sales

Tax

Securitization

Corp

4

.637

01/01/40

182,452‌

1,125,000

Sales

Tax

Securitization

Corp

3

.238

01/01/42

856,852‌

200,000

Sales

Tax

Securitization

Corp

3

.587

01/01/43

161,631‌

1,000,000

Sales

Tax

Securitization

Corp

3

.820

01/01/48

771,555‌

200,000

Sales

Tax

Securitization

Corp

4

.787

01/01/48

180,206‌

100,000

Salt

River

Project

Agricultural

Improvement

&

Power

District

4

.839

01/01/41

97,848‌

435,000

San

Diego

County

Regional

Transportation

Commission

3

.248

04/01/48

328,682‌

500,000

San

Diego

County

Water

Authority

6

.138

05/01/49

554,227‌

1,000,000

San

Joaquin

Hills

Transportation

Corridor

Agency

3

.492

01/15/50

704,641‌

100,000

San

Jose

Redevelopment

Agency

3

.375

08/01/34

87,744‌

800,000

Santa

Clara

Valley

Transportation

Authority

5

.876

04/01/32

830,625‌

270,000

South

Carolina

Public

Service

Authority

2

.388

12/01/23

264,745‌

750,000

State

Board

of

Administration

Finance

Corp

1

.258

07/01/25

688,945‌

750,000

State

Board

of

Administration

Finance

Corp

1

.705

07/01/27

653,553‌

400,000

State

Board

of

Administration

Finance

Corp

2

.154

07/01/30

327,965‌

200,000

State

of

California

3

.375

04/01/25

194,924‌

200,000

State

of

California

3

.500

04/01/28

187,882‌

300,000

State

of

California

4

.500

04/01/33

288,825‌

250,000

State

of

California

7

.500

04/01/34

302,496‌

225,000

State

of

California

4

.600

04/01/38

212,229‌

1,285,000

State

of

California

7

.550

04/01/39

1,611,599‌

3,400,000

State

of

California

7

.300

10/01/39

4,138,253‌

2,740,000

State

of

California

7

.625

03/01/40

3,467,096‌

1,500,000

State

of

California

7

.600

11/01/40

1,925,856‌

620,000

State

of

Connecticut

5

.850

03/15/32

655,239‌

5,950,000

State

of

Illinois

5

.100

06/01/33

5,716,831‌

1,295,000

State

of

Illinois

6

.725

04/01/35

1,320,522‌

500,000

State

of

Kansas

Department

of

Transportation

4

.596

09/01/35

487,311‌

2,000,000

State

of

Louisiana

Gasoline

&

Fuels

Tax

Revenue

2

.952

05/01/41

1,512,516‌

59,870

State

of

Oregon

5

.762

06/01/23

60,178‌

85,000

State

of

Oregon

5

.892

06/01/27

87,696‌

100,000

State

of

Oregon

Department

of

Transportation

5

.834

11/15/34

107,531‌

600,000

State

of

Texas

4

.631

04/01/33

595,373‌

50,000

State

of

Texas

5

.517

04/01/39

52,918‌

1,000,000

State

of

Texas

4

.681

04/01/40

973,615‌

367,033

State

of

Utah

3

.539

07/01/25

360,117‌

200,000

State

of

Washington

5

.090

08/01/33

205,246‌

200,000

State

of

Wisconsin

3

.154

05/01/27

187,017‌

200,000

State

of

Wisconsin

3

.954

05/01/36

180,034‌

604,000

State

Public

School

Building

Authority

5

.000

09/15/27

605,483‌

100,000

Sumter

Landing

Community

Development

District

4

.172

10/01/47

82,630‌

430,000

Texas

Private

Activity

Bond

Surface

Transportation

Corp

3

.922

12/31/49

326,951‌

1,000,000

Texas

Transportation

Commission

2

.562

04/01/42

740,262‌

1,000,000

Texas

Transportation

Commission

2

.472

10/01/44

684,165‌

575,000

Texas

Transportation

Commission

State

Highway

Fund

5

.028

04/01/26

578,962‌

1,190,000

Texas

Transportation

Commission

State

Highway

Fund

5

.178

04/01/30

1,213,796‌

560,000

Texas

Transportation

Commission

State

Highway

Fund

4

.000

10/01/33

509,954‌

100,000

The

Ohio

State

University

4

.910

06/01/40

100,496‌

500,000

The

Ohio

State

University

3

.798

12/01/46

420,042‌

200,000

The

Ohio

State

University

4

.048

12/01/56

168,785‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

133

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MUNICIPAL

BONDS—continued

$

1,000,000

Trustees

of

the

University

of

Pennsylvania

2

.396

%

10/01/50

$

625,028‌

100,000

Trustees

of

the

University

of

Pennsylvania

4

.674

09/01/12

84,917‌

500,000

Trustees

of

the

University

of

Pennsylvania

3

.610

02/15/19

330,824‌

1,000,000

University

of

California

0

.883

05/15/25

917,538‌

200,000

University

of

California

3

.063

07/01/25

192,424‌

1,000,000

University

of

California

1

.316

05/15/27

863,163‌

500,000

University

of

California

3

.349

07/01/29

457,351‌

1,000,000

University

of

California

1

.614

05/15/30

797,417‌

200,000

University

of

California

5

.770

05/15/43

210,870‌

200,000

University

of

California

3

.931

05/15/45

175,103‌

200,000

University

of

California

4

.131

05/15/45

171,366‌

1,500,000

University

of

California

5

.946

05/15/45

1,584,171‌

1,500,000

University

of

California

3

.071

05/15/51

1,006,872‌

860,000

University

of

California

4

.858

05/15/12

727,472‌

200,000

University

of

California

4

.767

05/15/15

163,723‌

500,000

University

of

Chicago

2

.761

04/01/45

373,784‌

300,000

University

of

Chicago

4

.003

10/01/53

241,573‌

750,000

University

of

Michigan

2

.437

04/01/40

540,926‌

1,000,000

University

of

Michigan

3

.599

04/01/47

849,083‌

500,000

University

of

Michigan

2

.562

04/01/50

324,762‌

750,000

University

of

Michigan

3

.504

04/01/52

586,990‌

500,000

University

of

Michigan

3

.504

04/01/52

390,678‌

750,000

University

of

Michigan

4

.454

04/01/22

610,270‌

1,500,000

University

of

Minnesota

4

.048

04/01/52

1,275,159‌

500,000

University

of

Nebraska

Facilities

Corp

3

.037

10/01/49

351,483‌

200,000

University

of

Notre

Dame

du

Lac

3

.438

02/15/45

159,281‌

200,000

University

of

Notre

Dame

du

Lac

3

.394

02/15/48

156,379‌

300,000

University

of

Southern

California

3

.028

10/01/39

236,404‌

200,000

University

of

Southern

California

3

.841

10/01/47

166,225‌

500,000

University

of

Southern

California

2

.805

10/01/50

335,216‌

200,000

University

of

Southern

California

5

.250

10/01/11

193,964‌

200,000

University

of

Texas

System

3

.852

08/15/46

168,155‌

700,000

University

of

Texas

System

4

.794

08/15/46

693,352‌

750,000

University

of

Texas

System

2

.439

08/15/49

472,645‌

1,000,000

University

of

Virginia

2

.256

09/01/50

612,150‌

1,600,000

University

of

Virginia

2

.584

11/01/51

1,046,457‌

500,000

University

of

Virginia

3

.227

09/01/19

293,395‌

150,000

Virginia

Commonwealth

Transportation

Board

5

.350

05/15/35

153,152‌

750,000

Westchester

County

Local

Development

Corp

3

.846

11/01/50

519,792‌

200,000

William

Marsh

Rice

University

3

.574

05/15/45

163,227‌

200,000

William

Marsh

Rice

University

3

.774

05/15/55

162,097‌

TOTAL

MUNICIPAL

BONDS

153,683,749‌

U.S.

TREASURY

SECURITIES

-

40

.4

%

21,250,000

United

States

Treasury

Bond

4

.500

02/15/36

22,675,244‌

22,400,000

United

States

Treasury

Bond

5

.000

05/15/37

25,016,250‌

179,483,000

United

States

Treasury

Bond

3

.500

02/15/39

168,580,810‌

2,000,000

United

States

Treasury

Bond

4

.500

08/15/39

2,120,703‌

44,850,000

United

States

Treasury

Bond

4

.375

11/15/39

46,764,885‌

17,585,000

United

States

Treasury

Bond

3

.875

08/15/40

17,153,618‌

11,185,000

United

States

Treasury

Bond

4

.250

11/15/40

11,427,050‌

26,350,000

United

States

Treasury

Bond

4

.375

05/15/41

27,296,953‌

10,000,000

United

States

Treasury

Bond

3

.750

08/15/41

9,483,984‌

48,300,000

United

States

Treasury

Bond

3

.125

11/15/41

41,736,105‌

18,550,000

United

States

Treasury

Bond

3

.125

02/15/42

15,984,158‌

22,000,000

United

States

Treasury

Bond

3

.000

05/15/42

18,497,187‌

20,000,000

United

States

Treasury

Bond

2

.750

08/15/42

16,080,469‌

10,250,000

United

States

Treasury

Bond

2

.875

05/15/43

8,366,162‌

16,000,000

United

States

Treasury

Bond

2

.500

02/15/45

12,045,625‌

22,000,000

United

States

Treasury

Bond

3

.000

05/15/45

18,124,219‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

134

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

U.S.

TREASURY

SECURITIES—continued

$

16,000,000

United

States

Treasury

Bond

2

.875

%

08/15/45

$

12,882,500‌

27,000,000

United

States

Treasury

Bond

2

.500

05/15/46

20,141,367‌

13,300,000

United

States

Treasury

Bond

2

.875

11/15/46

10,657,144‌

28,000,000

United

States

Treasury

Bond

3

.000

02/15/47

22,919,531‌

30,000,000

United

States

Treasury

Bond

2

.750

08/15/47

23,405,859‌

45,000,000

United

States

Treasury

Bond

2

.750

11/15/47

35,101,758‌

38,500,000

United

States

Treasury

Bond

3

.000

02/15/48

31,556,465‌

48,500,000

United

States

Treasury

Bond

3

.125

05/15/48

40,760,840‌

35,500,000

United

States

Treasury

Bond

3

.000

08/15/48

29,151,602‌

35,000,000

United

States

Treasury

Bond

3

.375

11/15/48

30,873,828‌

82,500,000

United

States

Treasury

Bond

3

.000

02/15/49

67,940,039‌

10,500,000

United

States

Treasury

Bond

2

.875

05/15/49

8,448,809‌

7,500,000

United

States

Treasury

Bond

2

.250

08/15/49

5,272,266‌

8,615,000

United

States

Treasury

Bond

2

.375

11/15/49

6,226,357‌

44,300,000

United

States

Treasury

Note

2

.500

01/31/24

43,253,067‌

70,000,000

United

States

Treasury

Note

2

.375

02/29/24

68,176,172‌

15,000,000

United

States

Treasury

Note

0

.250

03/15/24

14,220,117‌

265,000,000

United

States

Treasury

Note

2

.125

03/31/24

256,718,750‌

174,000,000

United

States

Treasury

Note

2

.250

04/30/24

168,480,938‌

30,000,000

United

States

Treasury

Note

0

.250

05/15/24

28,236,328‌

111,500,000

United

States

Treasury

Note

2

.000

05/31/24

107,427,636‌

152,000,000

United

States

Treasury

Note

1

.750

06/30/24

145,658,750‌

212,000,000

United

States

Treasury

Note

1

.750

07/31/24

202,782,969‌

20,000,000

United

States

Treasury

Note

0

.375

08/15/24

18,684,375‌

22,000,000

United

States

Treasury

Note

1

.250

08/31/24

20,826,953‌

62,000,000

United

States

Treasury

Note

3

.250

08/31/24

60,706,718‌

81,000,000

United

States

Treasury

Note

1

.500

09/30/24

76,915,195‌

90,500,000

United

States

Treasury

Note

1

.500

10/31/24

85,745,215‌

40,005,000

United

States

Treasury

Note

2

.250

11/15/24

38,421,990‌

61,900,000

United

States

Treasury

Note

1

.500

11/30/24

58,572,875‌

50,000,000

United

States

Treasury

Note

4

.500

11/30/24

50,001,953‌

75,000,000

United

States

Treasury

Note

1

.750

12/31/24

71,191,406‌

40,000,000

United

States

Treasury

Note

2

.250

12/31/24

38,334,375‌

13,000,000

United

States

Treasury

Note

1

.375

01/31/25

12,217,969‌

40,000,000

United

States

Treasury

Note

1

.125

02/28/25

37,339,062‌

73,000,000

United

States

Treasury

Note

0

.500

03/31/25

67,045,938‌

8,000,000

United

States

Treasury

Note

2

.625

03/31/25

7,707,500‌

50,000,000

United

States

Treasury

Note

0

.375

04/30/25

45,632,813‌

119,000,000

United

States

Treasury

Note

0

.250

06/30/25

107,801,914‌

100,000,000

United

States

Treasury

Note

0

.250

07/31/25

90,238,281‌

54,000,000

United

States

Treasury

Note

0

.250

08/31/25

48,557,812‌

20,000,000

United

States

Treasury

Note

2

.750

08/31/25

19,224,219‌

50,000,000

United

States

Treasury

Note

0

.250

09/30/25

44,894,531‌

30,000,000

United

States

Treasury

Note

3

.000

09/30/25

28,996,875‌

97,000,000

United

States

Treasury

Note

0

.250

10/31/25

86,735,430‌

30,000,000

United

States

Treasury

Note

2

.250

11/15/25

28,394,531‌

265,000,000

United

States

Treasury

Note

0

.375

11/30/25

237,030,077‌

50,000,000

United

States

Treasury

Note

0

.375

12/31/25

44,685,547‌

126,000,000

United

States

Treasury

Note

0

.375

01/31/26

112,105,547‌

137,000,000

United

States

Treasury

Note

0

.500

02/28/26

122,074,493‌

90,000,000

United

States

Treasury

Note

0

.750

03/31/26

80,666,015‌

50,000,000

United

States

Treasury

Note

2

.250

03/31/26

47,119,140‌

120,000,000

United

States

Treasury

Note

0

.750

04/30/26

107,273,437‌

30,000,000

United

States

Treasury

Note

1

.625

05/15/26

27,610,547‌

165,000,000

United

States

Treasury

Note

0

.750

05/31/26

147,152,930‌

135,000,000

United

States

Treasury

Note

0

.875

06/30/26

120,719,531‌

85,000,000

United

States

Treasury

Note

0

.625

07/31/26

75,108,789‌

115,000,000

United

States

Treasury

Note

0

.750

08/31/26

101,824,414‌

60,000,000

United

States

Treasury

Note

0

.875

09/30/26

53,275,781‌

71,000,000

United

States

Treasury

Note

1

.625

09/30/26

64,959,453‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

135

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

U.S.

TREASURY

SECURITIES—continued

$

170,000,000

United

States

Treasury

Note

1

.125

%

10/31/26

$

152,050,390‌

10,000,000

United

States

Treasury

Note

1

.625

10/31/26

9,127,734‌

115,000,000

United

States

Treasury

Note

1

.250

11/30/26

103,190,039‌

81,000,000

United

States

Treasury

Note

1

.250

12/31/26

72,536,133‌

89,500,000

United

States

Treasury

Note

1

.750

12/31/26

81,937,949‌

72,000,000

United

States

Treasury

Note

1

.500

01/31/27

65,005,312‌

87,000,000

United

States

Treasury

Note

1

.875

02/28/27

79,679,766‌

97,000,000

United

States

Treasury

Note

2

.500

03/31/27

91,024,649‌

11,000,000

United

States

Treasury

Note

2

.750

04/30/27

10,424,219‌

40,000,000

United

States

Treasury

Note

2

.625

05/31/27

37,704,688‌

5,000,000

United

States

Treasury

Note

0

.500

06/30/27

4,276,953‌

96,000,000

United

States

Treasury

Note

3

.250

06/30/27

92,823,750‌

111,000,000

United

States

Treasury

Note

2

.750

07/31/27

105,020,742‌

46,000,000

United

States

Treasury

Note

2

.250

08/15/27

42,551,797‌

48,000,000

United

States

Treasury

Note

3

.125

08/31/27

46,166,250‌

58,000,000

United

States

Treasury

Note

4

.125

09/30/27

58,217,500‌

163,000,000

United

States

Treasury

Note

4

.125

10/31/27

163,598,516‌

75,000,000

United

States

Treasury

Note

0

.625

11/30/27

63,685,546‌

191,000,000

e

United

States

Treasury

Note

3

.875

11/30/27

189,955,469‌

10,000,000

United

States

Treasury

Note

3

.875

12/31/27

9,942,188‌

48,800,000

United

States

Treasury

Note

2

.750

02/15/28

45,885,344‌

66,000,000

United

States

Treasury

Note

2

.875

05/15/28

62,274,610‌

20,000,000

United

States

Treasury

Note

1

.250

06/30/28

17,292,969‌

50,000,000

United

States

Treasury

Note

1

.125

08/31/28

42,691,406‌

10,000,000

United

States

Treasury

Note

1

.375

10/31/28

8,631,641‌

85,000,000

United

States

Treasury

Note

3

.125

11/15/28

81,072,070‌

70,000,000

United

States

Treasury

Note

1

.500

11/30/28

60,787,891‌

50,000,000

United

States

Treasury

Note

1

.750

01/31/29

43,917,969‌

50,000,000

United

States

Treasury

Note

2

.625

02/15/29

46,210,938‌

50,000,000

United

States

Treasury

Note

2

.375

03/31/29

45,464,844‌

30,000,000

United

States

Treasury

Note

2

.875

04/30/29

28,096,875‌

92,000,000

United

States

Treasury

Note

2

.375

05/15/29

83,633,750‌

50,000,000

United

States

Treasury

Note

2

.750

05/31/29

46,453,125‌

22,000,000

United

States

Treasury

Note

1

.625

08/15/29

19,091,016‌

44,000,000

United

States

Treasury

Note

4

.000

10/31/29

44,013,750‌

50,000,000

United

States

Treasury

Note

3

.875

11/30/29

49,664,062‌

117,000,000

United

States

Treasury

Note

1

.500

02/15/30

99,705,937‌

50,000,000

United

States

Treasury

Note

0

.625

05/15/30

39,572,265‌

37,000,000

United

States

Treasury

Note

0

.625

08/15/30

29,124,492‌

64,000,000

United

States

Treasury

Note

0

.875

11/15/30

51,155,000‌

30,000,000

United

States

Treasury

Note

1

.125

02/15/31

24,451,172‌

121,000,000

United

States

Treasury

Note

1

.625

05/15/31

101,758,164‌

39,000,000

United

States

Treasury

Note

1

.250

08/15/31

31,623,516‌

18,200,000

United

States

Treasury

Note

1

.375

11/15/31

14,813,094‌

48,500,000

United

States

Treasury

Note

1

.875

02/15/32

41,143,535‌

41,000,000

United

States

Treasury

Note

2

.875

05/15/32

37,784,062‌

107,500,000

United

States

Treasury

Note

2

.750

08/15/32

97,892,187‌

70,000,000

United

States

Treasury

Note

4

.125

11/15/32

71,432,812‌

57,000,000

United

States

Treasury

Note

1

.125

05/15/40

35,673,985‌

32,500,000

United

States

Treasury

Note

1

.125

08/15/40

20,183,008‌

127,500,000

United

States

Treasury

Note

1

.375

11/15/40

82,889,942‌

76,500,000

United

States

Treasury

Note

1

.875

02/15/41

54,069,961‌

76,000,000

United

States

Treasury

Note

2

.250

05/15/41

57,133,594‌

70,000,000

United

States

Treasury

Note

1

.750

08/15/41

47,903,516‌

21,150,000

United

States

Treasury

Note

2

.000

11/15/41

15,101,596‌

13,500,000

United

States

Treasury

Note

2

.375

02/15/42

10,307,461‌

5,500,000

United

States

Treasury

Note

3

.250

05/15/42

4,821,953‌

74,000,000

United

States

Treasury

Note

3

.375

08/15/42

66,137,500‌

53,000,000

e

United

States

Treasury

Note

4

.000

11/15/42

51,890,312‌

35,850,000

United

States

Treasury

Note

1

.250

05/15/50

19,293,182‌

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

136

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

U.S.

TREASURY

SECURITIES—continued

$

28,000,000

United

States

Treasury

Note

1

.375

%

08/15/50

$

15,558,594‌

68,500,000

United

States

Treasury

Note

1

.625

11/15/50

40,757,500‌

50,000,000

United

States

Treasury

Note

1

.875

02/15/51

31,777,344‌

52,500,000

United

States

Treasury

Note

2

.375

05/15/51

37,664,649‌

44,575,000

United

States

Treasury

Note

2

.000

08/15/51

29,186,178‌

47,500,000

United

States

Treasury

Note

1

.875

11/15/51

30,084,571‌

45,000,000

United

States

Treasury

Note

2

.250

02/15/52

31,292,578‌

29,000,000

United

States

Treasury

Note

2

.875

05/15/52

23,236,250‌

42,000,000

United

States

Treasury

Note

3

.000

08/15/52

34,604,062‌

54,500,000

United

States

Treasury

Note

4

.000

11/15/52

54,576,641‌

TOTAL

U.S.

TREASURY

SECURITIES

7,966,142,608‌

TOTAL

GOVERNMENT

BONDS

14,354,045,914‌

(Cost

$16,279,628,359)

STRUCTURED

ASSETS

-

2

.4

%

ASSET

BACKED

-

0

.6

%

138,419

American

Airlines

Pass

Through

Trust

3

.600

09/22/27

124,158‌

Series

-

2015

2

(Class

AA)

142,876

American

Airlines

Pass

Through

Trust

3

.575

01/15/28

127,535‌

Series

-

2016

1

(Class

AA)

413,713

American

Airlines

Pass

Through

Trust

3

.200

06/15/28

358,781‌

Series

-

2016

2

(Class

AA)

595,775

American

Airlines

Pass

Through

Trust

3

.000

10/15/28

516,227‌

Series

-

2016

3

(Class

AA)

220,125

American

Airlines

Pass

Through

Trust

3

.650

02/15/29

195,858‌

Series

-

2017

1

(Class

AA)

648,322

American

Airlines

Pass

Through

Trust

3

.150

02/15/32

536,522‌

Series

-

2019

1

(Class

AA)

1,600,000

American

Express

Credit

Account

Master

Trust

0

.900

11/15/26

1,484,636‌

Series

-

2021

1

(Class

A)

3,000,000

American

Express

Credit

Account

Master

Trust

3

.750

08/15/27

2,932,772‌

Series

-

2022

3

(Class

A)

318,057

AmeriCredit

Automobile

Receivables

Trust

1

.480

01/21/25

315,860‌

Series

-

2020

1

(Class

B)

500,000

AmeriCredit

Automobile

Receivables

Trust

1

.060

08/18/26

469,646‌

Series

-

2020

3

(Class

C)

1,500,000

AmeriCredit

Automobile

Receivables

Trust

0

.680

10/19/26

1,427,527‌

Series

-

2021

1

(Class

B)

1,000,000

AmeriCredit

Automobile

Receivables

Trust

0

.890

10/19/26

920,280‌

Series

-

2021

1

(Class

C)

500,000

AmeriCredit

Automobile

Receivables

Trust

0

.690

01/19/27

468,831‌

Series

-

2021

2

(Class

B)

500,000

AmeriCredit

Automobile

Receivables

Trust

1

.010

01/19/27

454,583‌

Series

-

2021

2

(Class

C)

2,500,000

BA

Credit

Card

Trust

0

.340

05/15/26

2,391,964‌

Series

-

2020

A1

(Class

A1)

960,000

BA

Credit

Card

Trust

0

.440

09/15/26

904,907‌

Series

-

2021

A1

(Class

A1)

2,450,000

Barclays

Dryrock

Issuance

Trust

0

.630

07/15/27

2,278,150‌

Series

-

2021

1

(Class

A)

1,000,000

BMW

Vehicle

Lease

Trust

0

.430

01/27/25

952,609‌

Series

-

2021

2

(Class

A4)

10,000,000

Cantor

Commercial

Real

Estate

Lending

3

.523

05/15/52

9,097,045‌

Series

-

2019

CF1

(Class

A4)

6,000,000

Cantor

Commercial

Real

Estate

Lending

3

.623

05/15/52

5,825,101‌

Series

-

2019

CF1

(Class

A2)

2,000,000

Capital

One

MExecution

Trust

1

.040

11/15/26

1,867,301‌

Series

-

2021

A3

(Class

A3)

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

137

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

3,000,000

Capital

One

MExecution

Trust

3

.490

%

05/15/27

$

2,917,506‌

Series

-

2022

A2

(Class

A)

2,500,000

Capital

One

Multi-Asset

Execution

Trust

2

.060

08/15/28

2,283,889‌

Series

-

2019

A3

(Class

A3)

925,541

CarMax

Auto

Owner

Trust

2

.770

12/16/24

919,634‌

Series

-

2019

2

(Class

A4)

338,850

CarMax

Auto

Owner

Trust

0

.500

08/15/25

329,427‌

Series

-

2020

4

(Class

A3)

1,926,475

CarMax

Auto

Owner

Trust

0

.520

02/17/26

1,853,862‌

Series

-

2021

2

(Class

A3)

500,000

CarMax

Auto

Owner

Trust

0

.530

10/15/26

457,444‌

Series

-

2021

1

(Class

A4)

900,000

CarMax

Auto

Owner

Trust

0

.740

10/15/26

814,176‌

Series

-

2021

1

(Class

B)

1,000,000

CarMax

Auto

Owner

Trust

1

.470

12/15/26

948,570‌

Series

-

2022

1

(Class

A3)

700,000

CarMax

Auto

Owner

Trust

2

.200

11/15/27

634,403‌

Series

-

2022

1

(Class

C)

500,000

Carvana

Auto

Receivables

Trust

3

.000

02/10/28

439,440‌

Series

-

2022

P1

(Class

B)

1,000,000

Carvana

Auto

Receivables

Trust

3

.520

02/10/28

921,624‌

Series

-

2022

P1

(Class

A4)

500,000

Carvana

Auto

Receivables

Trust

3

.300

04/10/28

439,350‌

Series

-

2022

P1

(Class

C)

1,000,000

Chase

Issuance

Trust

3

.970

09/15/27

978,289‌

Series

-

2022

A1

(Class

A)

400,000

CNH

Equipment

Trust

0

.440

08/17/26

378,343‌

Series

-

2021

B

(Class

A3)

1,000,000

CNH

Equipment

Trust

0

.700

05/17/27

891,204‌

Series

-

2021

B

(Class

A4)

300,000

CNH

Equipment

Trust

5

.150

04/17/28

300,731‌

Series

-

2022

C

(Class

A3)

110,403

Continental

Airlines

Pass

Through

Trust

4

.000

10/29/24

105,340‌

Series

-

2012

2

(Class

A)

86,911

Delta

Air

Lines

Pass

Through

Trust

3

.625

07/30/27

79,342‌

Series

-

2015

1

(Class

AA)

255,155

Delta

Air

Lines

Pass

Through

Trust

2

.000

06/10/28

217,278‌

Series

-

2020

1

(Class

AA)

1,500,000

Discover

Card

Execution

Note

Trust

0

.580

09/15/26

1,395,108‌

Series

-

2021

A1

(Class

A1)

1,000,000

Discover

Card

Execution

Note

Trust

3

.560

07/15/27

970,791‌

Series

-

2022

A3

(Class

A3)

1,500,000

Discover

Card

Execution

Note

Trust

1

.030

09/15/28

1,312,406‌

Series

-

2021

A2

(Class

A2)

1,000,000

Drive

Auto

Receivables

Trust

1

.020

06/15/27

977,557‌

Series

-

2021

1

(Class

C)

1,500,000

Exeter

Automobile

Receivables

Trust

3

.020

06/15/28

1,354,932‌

Series

-

2022

1A

(Class

D)

893,055

FedEx

Corp

2020-

Class

AA

Pass

Through

Trust

1

.875

02/20/34

731,921‌

3,000,000

i

FHLMC

Multifamily

Structured

Pass

Through

Certificates

3

.060

07/25/23

2,970,683‌

Series

-

2013

K033

(Class

A2)

1,741,775

i

FHLMC

Multifamily

Structured

Pass

Through

Certificates

3

.531

07/25/23

1,726,765‌

Series

-

2013

K034

(Class

A2)

1,500,000

i

FHLMC

Multifamily

Structured

Pass

Through

Certificates

3

.527

10/25/23

1,483,156‌

Series

-

2014

K036

(Class

A2)

2,737,597

FHLMC

Multifamily

Structured

Pass

Through

Certificates

3

.023

01/25/25

2,643,500‌

Series

-

2015

K045

(Class

A2)

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

138

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

1,224,000

FHLMC

Multifamily

Structured

Pass

Through

Certificates

1

.760

%

03/25/28

$

1,072,192‌

Series

-

2021

K742

(Class

A2)

749,000

FHLMC

Multifamily

Structured

Pass

Through

Certificates

1

.369

04/25/28

630,830‌

Series

-

2021

K742

(Class

AM)

1,500,000

Ford

Credit

Auto

Lease

Trust

0

.300

04/15/24

1,487,512‌

Series

-

2021

A

(Class

A4)

600,000

Ford

Credit

Auto

Lease

Trust

0

.470

05/15/24

589,372‌

Series

-

2021

A

(Class

B)

500,000

Ford

Credit

Auto

Owner

Trust

0

.510

08/15/26

467,278‌

Series

-

2020

C

(Class

A4)

2,000,000

Ford

Credit

Auto

Owner

Trust

0

.490

09/15/26

1,849,900‌

Series

-

2021

A

(Class

A4)

1,000,000

Ford

Credit

Auto

Owner

Trust

1

.560

05/15/27

916,293‌

Series

-

2022

A

(Class

A4)

1,000,000

Ford

Credit

Auto

Owner

Trust

1

.910

07/15/27

913,807‌

Series

-

2022

A

(Class

B)

850,000

Ford

Credit

Floorplan

Master

Owner

Trust

2

.440

09/15/26

813,227‌

Series

-

2019

4

(Class

A)

1,000,000

GM

Financial

Automobile

Leasing

Trust

4

.110

08/20/26

979,773‌

Series

-

2022

3

(Class

A4)

525,231

GM

Financial

Consumer

Automobile

Receivables

Trust

2

.710

08/16/24

524,210‌

Series

-

2019

2

(Class

A4)

142,794

GM

Financial

Consumer

Automobile

Receivables

Trust

1

.490

12/16/24

141,089‌

Series

-

2020

2

(Class

A3)

300,529

GM

Financial

Consumer

Automobile

Receivables

Trust

0

.380

08/18/25

292,171‌

Series

-

2020

4

(Class

A3)

520,450

GM

Financial

Consumer

Automobile

Receivables

Trust

0

.350

10/16/25

503,502‌

Series

-

2021

1

(Class

A3)

500,000

GM

Financial

Consumer

Automobile

Receivables

Trust

0

.500

02/17/26

466,662‌

Series

-

2020

4

(Class

A4)

958,551

GM

Financial

Consumer

Automobile

Receivables

Trust

0

.510

04/16/26

921,025‌

Series

-

2021

2

(Class

A3)

680,000

GM

Financial

Consumer

Automobile

Receivables

Trust

1

.260

11/16/26

642,860‌

Series

-

2022

1

(Class

A3)

1,000,000

GM

Financial

Leasing

Trust

1

.010

07/21/25

966,225‌

Series

-

2021

1

(Class

D)

850,000

GM

Financial

Securitized

Term

1

.510

04/17/28

778,145‌

Series

-

2022

1

(Class

A4)

1,000,000

Harley-Davidson

Motorcycle

Trust

3

.060

02/15/27

971,609‌

Series

-

2022

A

(Class

A3)

1,000,000

Harley-Davidson

Motorcycle

Trust

3

.260

01/15/30

954,721‌

Series

-

2022

A

(Class

A4)

1,000,000

Honda

Auto

Receivables

Owner

Trust

1

.880

05/15/26

950,104‌

Series

-

2022

1

(Class

A3)

1,000,000

Honda

Auto

Receivables

Owner

Trust

0

.550

08/16/27

924,066‌

Series

-

2021

2

(Class

A4)

1,000,000

Honda

Auto

Receivables

Owner

Trust

0

.420

01/21/28

936,343‌

Series

-

2021

1

(Class

A4)

467,199

Hyundai

Auto

Receivables

Trust

0

.380

09/15/25

451,826‌

Series

-

2021

A

(Class

A3)

2,000,000

Hyundai

Auto

Receivables

Trust

3

.030

11/17/25

1,982,891‌

Series

-

2019

A

(Class

C)

1,000,000

Hyundai

Auto

Receivables

Trust

0

.620

05/17/27

922,638‌

Series

-

2021

A

(Class

A4)

432,939

JetBlue

Pass

Through

Trust

2

.750

05/15/32

355,153‌

Series

-

2019

1

(Class

AA)

869,126

JetBlue

Pass

Through

Trust

4

.000

11/15/32

772,710‌

800,000

John

Deere

Owner

Trust

0

.520

03/16/26

759,224‌

Series

-

2021

B

(Class

A3)

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

139

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

500,000

John

Deere

Owner

Trust

0

.740

%

05/15/28

$

452,661‌

Series

-

2021

B

(Class

A4)

250,000

Mercedes-Benz

Auto

Lease

Trust

0

.500

06/15/26

247,812‌

Series

-

2020

B

(Class

A4)

1,000,000

Mercedes-Benz

Auto

Lease

Trust

0

.320

10/15/26

973,997‌

Series

-

2021

A

(Class

A4)

1,000,000

Mercedes-Benz

Auto

Receivables

Trust

5

.250

02/15/29

1,004,993‌

Series

-

2022

1

(Class

A4)

1,000,000

Nissan

Auto

Receivables

Owner

Trust

1

.860

08/17/26

951,685‌

Series

-

2022

A

(Class

A3)

156,781

Santander

Drive

Auto

Receivables

Trust

1

.010

01/15/26

155,202‌

Series

-

2020

4

(Class

C)

409,805

Santander

Drive

Auto

Receivables

Trust

0

.750

02/17/26

402,719‌

Series

-

2021

1

(Class

C)

1,000,000

Santander

Drive

Auto

Receivables

Trust

4

.430

03/15/27

972,368‌

Series

-

2022

5

(Class

B)

1,500,000

Santander

Drive

Auto

Receivables

Trust

1

.350

07/15/27

1,402,412‌

Series

-

2021

2

(Class

D)

500,000

Santander

Drive

Auto

Receivables

Trust

5

.950

01/17/28

504,814‌

Series

-

2022

7

(Class

B)

500,000

Santander

Drive

Auto

Receivables

Trust

6

.690

03/17/31

509,861‌

Series

-

2022

7

(Class

C)

61,152

Spirit

Airlines

Pass

Through

Trust

4

.100

04/01/28

54,427‌

Series

-

2015

1A

(Class

A1)

500,000

Toyota

Auto

Receivables

Owner

Trust

0

.470

01/15/26

470,896‌

Series

-

2020

D

(Class

A4)

500,000

Toyota

Auto

Receivables

Owner

Trust

2

.930

09/15/26

483,410‌

Series

-

2022

B

(Class

A3)

1,500,000

Toyota

Auto

Receivables

Owner

Trust

0

.530

10/15/26

1,369,268‌

Series

-

2021

B

(Class

A4)

500,000

Toyota

Auto

Receivables

Owner

Trust

3

.110

08/16/27

474,273‌

Series

-

2022

B

(Class

A4)

151,931

Union

Pacific

Railroad

Co

Pass

Through

Trust

2

.695

05/12/27

139,720‌

Series

-

2015

1

(Class

A)

266,211

United

Airlines

Pass

Through

Trust

4

.150

04/11/24

257,817‌

Series

-

2012

1

(Class

A)

180,932

United

Airlines

Pass

Through

Trust

4

.300

08/15/25

168,305‌

Series

-

2013

1

(Class

A)

190,500

United

Airlines

Pass

Through

Trust

4

.875

01/15/26

181,239‌

Series

-

2020

1

(Class

B)

182,380

United

Airlines

Pass

Through

Trust

3

.750

09/03/26

167,816‌

Series

-

2014

2

(Class

A)

1,975,958

United

Airlines

Pass

Through

Trust

5

.875

10/15/27

1,948,188‌

Series

-

2020

A

(Class

A)

137,141

United

Airlines

Pass

Through

Trust

3

.450

12/01/27

121,951‌

Series

-

2015

1

(Class

AA)

147,234

United

Airlines

Pass

Through

Trust

3

.100

07/07/28

132,730‌

Series

-

2016

1

(Class

AA)

147,235

United

Airlines

Pass

Through

Trust

3

.450

07/07/28

123,887‌

Series

-

2016

1

(Class

A)

294,276

United

Airlines

Pass

Through

Trust

2

.875

10/07/28

250,211‌

Series

-

2016

2

(Class

AA)

1,213,670

United

Airlines

Pass

Through

Trust

3

.500

03/01/30

1,047,785‌

Series

-

2018

1

(Class

AA)

309,283

United

Airlines

Pass

Through

Trust

4

.150

08/25/31

273,562‌

Series

-

2019

1

(Class

AA)

221,131

United

Airlines

Pass

Through

Trust

2

.700

05/01/32

178,425‌

Series

-

2019

2

(Class

AA)

4,410,000

Verizon

Master

Trust

0

.500

05/20/27

4,142,515‌

Series

-

2021

1

(Class

A)

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

140

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

3,000,000

Verizon

Master

Trust

0

.690

%

05/20/27

$

2,812,347‌

Series

-

2021

1

(Class

B)

815,000

Verizon

Master

Trust

0

.890

05/20/27

759,222‌

Series

-

2021

1

(Class

C)

750,000

Volkswagen

Auto

Lease

Trust

0

.450

07/21/25

738,086‌

Series

-

2020

A

(Class

A4)

1,512,421

World

Omni

Auto

Receivables

Trust

0

.300

01/15/26

1,459,395‌

Series

-

2021

A

(Class

A3)

1,000,000

World

Omni

Auto

Receivables

Trust

0

.690

06/15/27

909,278‌

Series

-

2021

B

(Class

A4)

500,000

World

Omni

Auto

Receivables

Trust

1

.040

06/15/27

453,786‌

Series

-

2021

B

(Class

B)

250,421

World

Omni

Automobile

Lease

Securitization

Trust

0

.450

02/15/24

248,982‌

Series

-

2020

B

(Class

A3)

500,000

World

Omni

Automobile

Lease

Securitization

Trust

0

.750

11/16/26

472,968‌

Series

-

2021

A

(Class

B)

TOTAL

ASSET

BACKED

117,483,335‌

OTHER

MORTGAGE

BACKED

-

1

.8

%

2,500,000

BANK

1

.650

12/15/53

1,973,843‌

Series

-

2020

BN30

(Class

A3)

1,500,000

BANK

1

.925

12/15/53

1,187,289‌

Series

-

2020

BN30

(Class

A4)

500,000

i

BANK

2

.111

12/15/53

377,555‌

Series

-

2020

BN30

(Class

AS)

500,000

i

BANK

2

.445

12/15/53

359,460‌

Series

-

2020

BN30

(Class

B)

2,000,000

BANK

1

.771

02/15/54

1,576,660‌

Series

-

2021

BN31

(Class

A3)

1,000,000

BANK

2

.036

02/15/54

798,067‌

Series

-

2021

BN31

(Class

A4)

500,000

i

BANK

2

.211

02/15/54

385,050‌

Series

-

2021

BN31

(Class

AS)

500,000

i

BANK

2

.383

02/15/54

358,231‌

Series

-

2021

BN31

(Class

B)

500,000

i

BANK

2

.545

02/15/54

335,907‌

Series

-

2021

BN31

(Class

C)

2,000,000

BANK

3

.538

11/15/54

1,853,573‌

Series

-

2017

BNK9

(Class

A4)

500,000

BANK

4

.399

08/15/55

475,226‌

Series

-

2022

BNK43

(Class

A5)

500,000

i

BANK

5

.230

08/15/55

410,096‌

Series

-

2022

BNK43

(Class

C)

1,500,000

BANK

3

.390

06/15/60

1,385,504‌

Series

-

2017

BNK5

(Class

A5)

5,000,000

BANK

3

.641

02/15/61

4,796,727‌

Series

-

2018

BN10

(Class

ASB)

2,000,000

i

BANK

3

.898

02/15/61

1,815,621‌

Series

-

2018

BN10

(Class

AS)

8,000,000

BANK

3

.584

05/15/62

7,270,236‌

Series

-

2019

BN18

(Class

A4)

5,000,000

BANK

1

.584

03/15/63

3,957,055‌

Series

-

2020

BN28

(Class

A3)

1,000,000

BANK

2

.438

06/15/63

813,126‌

Series

-

2021

BN34

(Class

A5)

1,000,000

BANK

2

.556

05/15/64

828,618‌

Series

-

2021

BN33

(Class

A5)

1,000,000

BANK

2

.792

05/15/64

797,628‌

Series

-

2021

BN33

(Class

AS)

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

141

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

500,000

BANK

3

.297

%

05/15/64

$

353,344‌

Series

-

2021

BN33

(Class

C)

1,000,000

g,i

BANK

2

.500

06/15/64

582,563‌

Series

-

2021

BN35

(Class

D)

3,000,000

Barclays

Commercial

Mortgage

Trust

3

.674

02/15/50

2,813,431‌

Series

-

2017

C1

(Class

A4)

12,500,000

Barclays

Commercial

Mortgage

Trust

2

.690

02/15/53

11,793,246‌

Series

-

2020

C6

(Class

A2)

500,000

BBCMS

Trust

4

.441

09/15/55

476,118‌

Series

-

2022

C17

(Class

A5)

1,000,000

i

Benchmark

Mortgage

Trust

3

.878

01/15/51

912,322‌

Series

-

2018

B1

(Class

AM)

834,617

Benchmark

Mortgage

Trust

3

.976

07/15/51

824,563‌

Series

-

2018

B4

(Class

A2)

1,000,000

i

Benchmark

Mortgage

Trust

4

.549

07/15/51

831,223‌

Series

-

2018

B4

(Class

C)

5,850,000

Benchmark

Mortgage

Trust

3

.542

05/15/52

5,358,178‌

Series

-

2019

B11

(Class

A5)

1,000,000

i

Benchmark

Mortgage

Trust

2

.944

02/15/53

831,762‌

Series

-

2020

B16

(Class

AM)

1,500,000

i

Benchmark

Mortgage

Trust

3

.176

02/15/53

1,160,498‌

Series

-

2020

B16

(Class

B)

1,500,000

i

Benchmark

Mortgage

Trust

3

.535

02/15/53

1,091,285‌

Series

-

2020

B16

(Class

C)

2,000,000

i

Benchmark

Mortgage

Trust

4

.510

05/15/53

1,938,268‌

Series

-

2018

B7

(Class

A4)

5,000,000

Benchmark

Mortgage

Trust

1

.925

07/15/53

4,038,807‌

Series

-

2020

B18

(Class

A5)

2,500,000

Benchmark

Mortgage

Trust

1

.704

12/17/53

1,992,159‌

Series

-

2020

B21

(Class

A4)

2,500,000

Benchmark

Mortgage

Trust

1

.978

12/17/53

1,998,273‌

Series

-

2020

B21

(Class

A5)

2,500,000

Benchmark

Mortgage

Trust

1

.685

01/15/54

1,971,026‌

Series

-

2020

B22

(Class

A4)

1,500,000

Benchmark

Mortgage

Trust

1

.973

01/15/54

1,195,892‌

Series

-

2020

B22

(Class

A5)

1,500,000

Benchmark

Mortgage

Trust

2

.163

01/15/54

1,144,243‌

Series

-

2020

B22

(Class

AM)

2,000,000

Benchmark

Mortgage

Trust

1

.620

02/15/54

1,797,258‌

Series

-

2021

B23

(Class

A2)

1,500,000

Benchmark

Mortgage

Trust

1

.823

02/15/54

1,187,764‌

Series

-

2021

B23

(Class

A4A1)

1,500,000

Benchmark

Mortgage

Trust

2

.070

02/15/54

1,200,141‌

Series

-

2021

B23

(Class

A5)

500,000

Benchmark

Mortgage

Trust

2

.095

02/15/54

344,526‌

Series

-

2021

B23

(Class

B)

500,000

Benchmark

Mortgage

Trust

2

.274

02/15/54

386,938‌

Series

-

2021

B23

(Class

AS)

500,000

i

Benchmark

Mortgage

Trust

2

.563

02/15/54

337,766‌

Series

-

2021

B23

(Class

C)

1,000,000

Benchmark

Mortgage

Trust

2

.577

04/15/54

831,754‌

Series

-

2021

B25

(Class

A5)

1,000,000

Benchmark

Mortgage

Trust

2

.847

04/15/54

809,310‌

Series

-

2021

B25

(Class

AS)

702,000

i

Benchmark

Mortgage

Trust

2

.576

06/15/54

503,210‌

Series

-

2021

B26

(Class

B)

1,700,000

Benchmark

Mortgage

Trust

2

.613

06/15/54

1,415,350‌

Series

-

2021

B26

(Class

A5)

500,000

Benchmark

Mortgage

Trust

2

.825

06/15/54

401,575‌

Series

-

2021

B26

(Class

AM)

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

142

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

1,500,000

Benchmark

Mortgage

Trust

2

.512

%

07/15/54

$

1,171,475‌

Series

-

2021

B27

(Class

AS)

500,000

i

Benchmark

Mortgage

Trust

4

.470

07/15/55

476,814‌

Series

-

2022

B36

(Class

A5)

500,000

i

Benchmark

Mortgage

Trust

5

.119

07/15/55

408,742‌

Series

-

2022

B36

(Class

C)

5,000,000

Benchmark

Mortgage

Trust

2

.914

12/15/72

4,767,977‌

Series

-

2019

B15

(Class

A2)

1,000,000

i

CD

Mortgage

Trust

3

.526

11/10/49

930,708‌

Series

-

2016

CD2

(Class

A4)

2,000,000

CD

Mortgage

Trust

3

.631

02/10/50

1,862,372‌

Series

-

2017

CD3

(Class

A4)

12,312

CD

Mortgage

Trust

3

.025

08/15/50

11,313‌

Series

-

2017

CD5

(Class

A2)

2,500,000

CD

Mortgage

Trust

3

.431

08/15/50

2,299,978‌

Series

-

2017

CD5

(Class

A4)

1,000,000

i

CD

Mortgage

Trust

3

.684

08/15/50

898,167‌

Series

-

2017

CD5

(Class

AS)

1,750,000

CD

Mortgage

Trust

4

.279

08/15/51

1,660,099‌

Series

-

2018

CD7

(Class

A4)

1,053,000

Citigroup

Commercial

Mortgage

Trust

3

.422

04/10/46

1,046,435‌

Series

-

2013

GC11

(Class

AS)

755,000

Citigroup

Commercial

Mortgage

Trust

4

.023

03/11/47

740,328‌

Series

-

2014

GC19

(Class

A4)

440,887

Citigroup

Commercial

Mortgage

Trust

3

.622

07/10/47

425,719‌

Series

-

2014

GC23

(Class

A4)

500,000

Citigroup

Commercial

Mortgage

Trust

3

.635

10/10/47

481,188‌

Series

-

2014

GC25

(Class

A4)

1,000,000

Citigroup

Commercial

Mortgage

Trust

3

.137

02/10/48

951,172‌

Series

-

2015

GC27

(Class

A5)

1,000,000

Citigroup

Commercial

Mortgage

Trust

3

.571

02/10/48

945,110‌

Series

-

2015

GC27

(Class

AS)

1,000,000

Citigroup

Commercial

Mortgage

Trust

3

.616

02/10/49

940,777‌

Series

-

2016

GC36

(Class

A5)

2,000,000

Citigroup

Commercial

Mortgage

Trust

3

.314

04/10/49

1,868,444‌

Series

-

2016

GC37

(Class

A4)

500,000

Citigroup

Commercial

Mortgage

Trust

3

.576

04/10/49

461,203‌

Series

-

2016

GC37

(Class

AS)

1,500,000

Citigroup

Commercial

Mortgage

Trust

2

.832

08/10/49

1,365,881‌

Series

-

2016

C2

(Class

A4)

1,000,000

Citigroup

Commercial

Mortgage

Trust

3

.465

09/15/50

922,524‌

Series

-

2017

P8

(Class

A4)

1,480,000

Citigroup

Commercial

Mortgage

Trust

3

.778

09/10/58

1,409,745‌

Series

-

2015

GC33

(Class

A4)

219,554

COMM

Mortgage

Trust

3

.213

03/10/46

218,107‌

Series

-

2013

CR7

(Class

A4)

1,000,000

COMM

Mortgage

Trust

4

.046

10/10/46

981,622‌

Series

-

2013

CR12

(Class

A4)

2,750,000

COMM

Mortgage

Trust

3

.955

02/10/47

2,708,306‌

Series

-

2014

CR14

(Class

A3)

500,000

COMM

Mortgage

Trust

3

.961

03/10/47

488,832‌

Series

-

2014

UBS2

(Class

A5)

1,000,000

COMM

Mortgage

Trust

4

.051

04/10/47

975,027‌

Series

-

2014

CR16

(Class

A4)

1,000,000

COMM

Mortgage

Trust

3

.819

06/10/47

971,263‌

Series

-

2014

UBS3

(Class

A4)

1,000,000

COMM

Mortgage

Trust

3

.694

08/10/47

967,359‌

Series

-

2014

UBS4

(Class

A5)

763,481

COMM

Mortgage

Trust

3

.326

11/10/47

728,263‌

Series

-

2014

CR20

(Class

A3)

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

143

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

1,000,000

COMM

Mortgage

Trust

3

.590

%

11/10/47

$

964,761‌

Series

-

2014

CR20

(Class

A4)

1,000,000

i

COMM

Mortgage

Trust

4

.339

12/10/47

937,541‌

Series

-

2014

CR21

(Class

B)

3,150,000

COMM

Mortgage

Trust

3

.183

02/10/48

3,002,643‌

Series

-

2015

LC19

(Class

A4)

1,000,000

i

COMM

Mortgage

Trust

4

.215

02/10/48

918,188‌

Series

-

2015

LC19

(Class

C)

1,700,000

COMM

Mortgage

Trust

3

.708

07/10/48

1,619,354‌

Series

-

2015

LC21

(Class

A4)

636,069

COMM

Mortgage

Trust

3

.432

08/10/48

605,776‌

Series

-

2015

CR24

(Class

A4)

1,000,000

COMM

Mortgage

Trust

3

.759

08/10/48

956,010‌

Series

-

2015

CR25

(Class

A4)

269,976

COMM

Mortgage

Trust

3

.221

10/10/48

267,564‌

Series

-

2015

LC23

(Class

A2)

1,500,000

COMM

Mortgage

Trust

3

.774

10/10/48

1,428,212‌

Series

-

2015

LC23

(Class

A4)

500,000

COMM

Mortgage

Trust

4

.258

08/10/50

494,577‌

Series

-

2013

CR11

(Class

A4)

5,000,000

COMM

Mortgage

Trust

2

.827

08/15/57

4,736,973‌

Series

-

2019

GC44

(Class

A2)

3,000,000

COMM

Mortgage

Trust

3

.263

08/15/57

2,506,783‌

Series

-

2019

GC44

(Class

AM)

650,000

i

CSAIL

Commercial

Mortgage

Trust

4

.920

01/15/49

575,238‌

Series

-

2016

C6

(Class

C)

2,000,000

i

CSAIL

Commercial

Mortgage

Trust

4

.224

08/15/51

1,886,305‌

Series

-

2018

CX12

(Class

A4)

10,000,000

CSAIL

Commercial

Mortgage

Trust

4

.053

03/15/52

9,268,467‌

Series

-

2019

C15

(Class

A4)

2,000,000

DBGS

Mortgage

Trust

4

.358

10/15/51

1,982,368‌

Series

-

2018

C1

(Class

A2)

5,790,000

DBGS

Mortgage

Trust

4

.466

10/15/51

5,527,868‌

Series

-

2018

C1

(Class

A4)

3,500,000

DBJPM

3

.276

05/10/49

3,269,896‌

Series

-

2016

C1

(Class

A4)

1,000,000

DBJPM

3

.539

05/10/49

912,243‌

Series

-

2016

C1

(Class

AM)

1,590,000

DBJPM

3

.328

06/10/50

1,460,851‌

Series

-

2017

C6

(Class

A5)

5,000,000

DBJPM

1

.900

08/15/53

4,565,585‌

Series

-

2020

C9

(Class

A2)

1,500,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1

.199

12/25/27

1,269,060‌

Series

-

2021

K741

(Class

AM)

8,440,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1

.603

12/25/27

7,370,633‌

Series

-

2021

K741

(Class

A2)

2,949,669

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1

.712

07/25/28

2,562,762‌

Series

-

2021

K744

(Class

A2)

912,212

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1

.229

03/25/30

792,065‌

Series

-

2021

K128

(Class

A1)

967,584

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1

.101

08/25/30

823,055‌

Series

-

2021

K125

(Class

A1)

1,968,601

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1

.353

11/25/30

1,689,448‌

Series

-

2021

K127

(Class

A1)

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

144

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

1,000,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1

.792

%

01/25/31

$

812,544‌

Series

-

2021

K126

(Class

AM)

9,000,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1

.846

01/25/31

7,391,264‌

Series

-

2021

K125

(Class

A2)

3,000,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

2

.108

01/25/31

2,516,681‌

Series

-

2021

K127

(Class

A2)

1,332,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1

.851

02/25/31

1,081,298‌

Series

-

2021

K127

(Class

AM)

1,000,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1

.749

03/25/31

805,583‌

Series

-

2021

K128

(Class

AM)

2,000,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

2

.020

03/25/31

1,665,455‌

Series

-

2021

K128

(Class

A2)

1,000,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1

.647

05/25/31

796,502‌

Series

-

2021

K129

(Class

AM)

3,000,000

i

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

3

.500

07/25/32

2,768,578‌

Series

-

2022

K148

(Class

A2)

1,885,531

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

2

.007

07/25/35

1,569,268‌

Series

-

2021

1520

(Class

A1)

2,000,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

2

.438

02/25/36

1,537,901‌

Series

-

2021

1520

(Class

A2)

2,000,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

2

.184

08/25/36

1,493,328‌

Series

-

2021

1521

(Class

A2)

800,000

GS

Mortgage

Securities

Corp

II

3

.382

05/10/50

759,173‌

Series

-

2015

GC30

(Class

A4)

500,000

GS

Mortgage

Securities

Trust

3

.135

06/10/46

495,773‌

Series

-

2013

GC12

(Class

A4)

116,019

GS

Mortgage

Securities

Trust

3

.813

11/10/46

115,301‌

Series

-

2013

GC16

(Class

AAB)

1,000,000

GS

Mortgage

Securities

Trust

4

.074

01/10/47

978,824‌

Series

-

2014

GC18

(Class

A4)

1,500,000

GS

Mortgage

Securities

Trust

3

.964

11/10/47

1,410,959‌

Series

-

2014

GC26

(Class

AS)

1,749,843

GS

Mortgage

Securities

Trust

3

.136

02/10/48

1,677,295‌

Series

-

2015

GC28

(Class

A4)

1,423,318

GS

Mortgage

Securities

Trust

3

.178

11/10/49

1,313,316‌

Series

-

2016

GS4

(Class

A3)

1,350,000

i

GS

Mortgage

Securities

Trust

3

.954

11/10/49

1,141,172‌

Series

-

2016

GS4

(Class

C)

574,188

GS

Mortgage

Securities

Trust

2

.945

08/10/50

573,399‌

Series

-

2017

GS7

(Class

A2)

1,500,000

GS

Mortgage

Securities

Trust

3

.430

08/10/50

1,384,594‌

Series

-

2017

GS7

(Class

A4)

1,000,000

GS

Mortgage

Securities

Trust

3

.872

02/10/52

978,041‌

Series

-

2019

GC38

(Class

A2)

2,500,000

GS

Mortgage

Securities

Trust

3

.968

02/10/52

2,332,176‌

Series

-

2019

GC38

(Class

A4)

500,000

i

GS

Mortgage

Securities

Trust

4

.309

02/10/52

428,591‌

Series

-

2019

GC38

(Class

B)

2,500,000

GS

Mortgage

Securities

Trust

2

.898

02/13/53

2,367,558‌

Series

-

2020

GC45

(Class

A2)

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

145

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

4,000,000

i

GS

Mortgage

Securities

Trust

3

.173

%

02/13/53

$

3,332,887‌

Series

-

2020

GC45

(Class

AS)

2,000,000

i

GS

Mortgage

Securities

Trust

3

.405

02/13/53

1,594,835‌

Series

-

2020

GC45

(Class

B)

2,000,000

GS

Mortgage

Securities

Trust

2

.125

05/12/53

1,636,778‌

Series

-

2020

GC47

(Class

A4)

4,000,000

GS

Mortgage

Securities

Trust

2

.377

05/12/53

3,309,623‌

Series

-

2020

GC47

(Class

A5)

1,000,000

GS

Mortgage

Securities

Trust

1

.662

12/12/53

853,815‌

Series

-

2020

GSA2

(Class

AAB)

3,000,000

GS

Mortgage

Securities

Trust

1

.721

12/12/53

2,359,122‌

Series

-

2020

GSA2

(Class

A4)

2,000,000

GS

Mortgage

Securities

Trust

2

.012

12/12/53

1,572,344‌

Series

-

2020

GSA2

(Class

A5)

1,000,000

GS

Mortgage

Securities

Trust

2

.224

12/12/53

762,299‌

Series

-

2020

GSA2

(Class

AS)

291,218

i

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

3

.994

01/15/46

288,779‌

Series

-

2013

C13

(Class

A4)

1,196,115

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

2

.960

04/15/46

1,187,534‌

Series

-

2013

LC11

(Class

A5)

500,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

4

.166

12/15/46

493,061‌

Series

-

2013

C16

(Class

A4)

80,591

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

3

.143

12/15/47

80,414‌

Series

-

2013

C10

(Class

A5)

574,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

3

.372

12/15/47

572,589‌

Series

-

2013

C10

(Class

AS)

1,000,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

2

.822

08/15/49

913,492‌

Series

-

2016

JP2

(Class

A4)

681,668

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

3

.109

07/15/50

657,322‌

Series

-

2017

JP6

(Class

A3)

2,500,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

3

.454

09/15/50

2,306,316‌

Series

-

2017

JP7

(Class

A5)

2,150,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

3

.219

06/13/52

1,989,894‌

Series

-

2019

COR5

(Class

ASB)

2,000,000

JPMBB

Commercial

Mortgage

Securities

Trust

3

.801

09/15/47

1,935,819‌

Series

-

2014

C22

(Class

A4)

1,875,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.118

05/15/48

1,690,456‌

Series

-

2015

C29

(Class

B)

2,700,000

JPMBB

Commercial

Mortgage

Securities

Trust

3

.227

10/15/48

2,556,030‌

Series

-

2015

C28

(Class

A4)

1,100,000

JPMBB

Commercial

Mortgage

Securities

Trust

3

.532

10/15/48

1,030,929‌

Series

-

2015

C28

(Class

AS)

2,000,000

JPMBB

Commercial

Mortgage

Securities

Trust

3

.770

12/15/48

1,910,705‌

Series

-

2015

C33

(Class

A4)

1,000,000

JPMBB

Commercial

Mortgage

Securities

Trust

3

.576

03/17/49

945,727‌

Series

-

2016

C1

(Class

A5)

500,000

JPMBB

Commercial

Mortgage

Securities

Trust

3

.970

03/17/49

467,192‌

Series

-

2016

C1

(Class

AS)

500,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.736

03/17/49

463,235‌

Series

-

2016

C1

(Class

B)

1,000,000

i

JPMDB

Commercial

Mortgage

Securities

Trust

3

.990

06/15/49

833,222‌

Series

-

2016

C2

(Class

B)

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

146

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

5,922,824

JPMDB

Commercial

Mortgage

Securities

Trust

3

.141

%

12/15/49

$

5,454,044‌

Series

-

2016

C4

(Class

A3)

5,000,000

JPMDB

Commercial

Mortgage

Securities

Trust

2

.946

11/13/52

4,747,631‌

Series

-

2019

COR6

(Class

A2)

107,035

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2

.834

05/15/46

106,669‌

Series

-

2013

C9

(Class

A3)

1,250,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.102

05/15/46

1,240,632‌

Series

-

2013

C9

(Class

A4)

500,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.456

05/15/46

493,875‌

Series

-

2013

C9

(Class

AS)

240,000

i

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.708

05/15/46

227,710‌

Series

-

2013

C9

(Class

B)

11,954

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.824

10/15/46

11,908‌

Series

-

2013

C12

(Class

ASB)

267,107

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.654

04/15/47

263,704‌

Series

-

2014

C15

(Class

ASB)

2,000,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.892

06/15/47

1,939,038‌

Series

-

2014

C16

(Class

A5)

3,500,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.249

02/15/48

3,337,035‌

Series

-

2015

C20

(Class

A4)

1,000,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.306

04/15/48

948,347‌

Series

-

2015

C22

(Class

A4)

1,000,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.732

05/15/48

951,684‌

Series

-

2015

C24

(Class

A4)

2,000,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.599

05/15/50

1,855,512‌

Series

-

2017

C33

(Class

A5)

535,000

Morgan

Stanley

Capital

I

Trust

3

.594

03/15/49

505,671‌

Series

-

2016

UBS9

(Class

A4)

481,386

Morgan

Stanley

Capital

I

Trust

3

.997

07/15/51

477,544‌

Series

-

2018

H3

(Class

A2)

1,000,000

i

Morgan

Stanley

Capital

I

Trust

4

.863

07/15/51

852,303‌

Series

-

2018

H3

(Class

C)

1,500,000

i

Morgan

Stanley

Capital

I

Trust

4

.238

10/15/51

1,445,950‌

Series

-

2018

L1

(Class

ASB)

2,000,000

Morgan

Stanley

Capital

I

Trust

4

.288

10/15/51

1,970,140‌

Series

-

2018

L1

(Class

A2)

1,500,000

i

Morgan

Stanley

Capital

I

Trust

4

.407

10/15/51

1,420,384‌

Series

-

2018

L1

(Class

A4)

1,000,000

Morgan

Stanley

Capital

I

Trust

4

.071

03/15/52

924,834‌

Series

-

2019

L2

(Class

A4)

5,000,000

Morgan

Stanley

Capital

I

Trust

3

.224

06/15/52

4,645,434‌

Series

-

2019

H6

(Class

ASB)

750,000

Morgan

Stanley

Capital

I

Trust

3

.417

06/15/52

673,719‌

Series

-

2019

H6

(Class

A4)

5,000,000

Morgan

Stanley

Capital

I

Trust

1

.790

07/15/53

3,979,769‌

Series

-

2020

HR8

(Class

A3)

2,000,000

Morgan

Stanley

Capital

I

Trust

2

.438

05/15/54

1,645,143‌

Series

-

2021

L5

(Class

A3)

1,000,000

Morgan

Stanley

Capital

I

Trust

2

.951

05/15/54

803,876‌

Series

-

2021

L5

(Class

AS)

3,400

UBS

Barclays

Commercial

Mortgage

Trust

3

.185

03/10/46

3,393‌

Series

-

2013

C5

(Class

A4)

337,031

UBS

Barclays

Commercial

Mortgage

Trust

3

.244

04/10/46

334,584‌

Series

-

2013

C6

(Class

A4)

393,487

UBS

Commercial

Mortgage

Trust

2

.998

08/15/50

392,656‌

Series

-

2017

C3

(Class

A2)

1,500,000

UBS

Commercial

Mortgage

Trust

3

.426

08/15/50

1,385,352‌

Series

-

2017

C3

(Class

A4)

1,000,000

i

UBS

Commercial

Mortgage

Trust

3

.739

08/15/50

893,007‌

Series

-

2017

C3

(Class

AS)

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

147

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

11,000,000

UBS

Commercial

Mortgage

Trust

4

.313

%

05/15/51

$

10,451,108‌

Series

-

2018

C10

(Class

A4)

2,000,000

UBS

Commercial

Mortgage

Trust

4

.296

08/15/51

1,885,772‌

Series

-

2018

C12

(Class

A5)

2,400,000

i

UBS

Commercial

Mortgage

Trust

5

.227

12/15/51

1,966,837‌

Series

-

2018

C14

(Class

C)

875,000

i

Wells

Fargo

Commercial

Mortgage

Trust

3

.872

05/15/48

822,955‌

Series

-

2015

C28

(Class

AS)

2,000,000

Wells

Fargo

Commercial

Mortgage

Trust

3

.695

11/15/48

1,901,634‌

Series

-

2015

C31

(Class

A4)

480,000

i

Wells

Fargo

Commercial

Mortgage

Trust

4

.224

12/15/48

436,252‌

Series

-

2015

NXS4

(Class

B)

2,000,000

Wells

Fargo

Commercial

Mortgage

Trust

2

.652

08/15/49

1,809,935‌

Series

-

2016

BNK1

(Class

A3)

500,000

Wells

Fargo

Commercial

Mortgage

Trust

2

.967

08/15/49

408,140‌

Series

-

2016

BNK1

(Class

B)

1,000,000

Wells

Fargo

Commercial

Mortgage

Trust

3

.377

11/15/49

899,231‌

Series

-

2016

NXS6

(Class

AS)

2,000,000

Wells

Fargo

Commercial

Mortgage

Trust

4

.152

08/15/51

1,892,121‌

Series

-

2018

C46

(Class

A4)

2,700,000

Wells

Fargo

Commercial

Mortgage

Trust

3

.760

03/15/52

2,491,210‌

Series

-

2019

C49

(Class

A4)

2,000,000

Wells

Fargo

Commercial

Mortgage

Trust

3

.635

05/15/52

1,886,340‌

Series

-

2019

C50

(Class

ASB)

3,250,000

Wells

Fargo

Commercial

Mortgage

Trust

4

.192

05/15/52

2,724,227‌

Series

-

2019

C50

(Class

B)

10,000,000

Wells

Fargo

Commercial

Mortgage

Trust

3

.040

10/15/52

8,733,907‌

Series

-

2019

C53

(Class

A4)

2,500,000

Wells

Fargo

Commercial

Mortgage

Trust

1

.810

07/15/53

1,991,751‌

Series

-

2020

C58

(Class

A3)

1,500,000

Wells

Fargo

Commercial

Mortgage

Trust

2

.092

07/15/53

1,200,130‌

Series

-

2020

C58

(Class

A4)

500,000

Wells

Fargo

Commercial

Mortgage

Trust

2

.398

07/15/53

390,564‌

Series

-

2020

C58

(Class

AS)

10,000,000

Wells

Fargo

Commercial

Mortgage

Trust

1

.864

08/15/53

8,010,465‌

Series

-

2020

C57

(Class

A3)

1,893,000

Wells

Fargo

Commercial

Mortgage

Trust

2

.626

04/15/54

1,561,183‌

Series

-

2021

C59

(Class

A5)

117,000

Wells

Fargo

Commercial

Mortgage

Trust

3

.896

03/15/59

102,009‌

Series

-

2016

C33

(Class

C)

231,064

WF-RBS

Commercial

Mortgage

Trust

3

.241

12/15/45

226,812‌

Series

-

2012

C10

(Class

AS)

600,000

WF-RBS

Commercial

Mortgage

Trust

3

.337

06/15/46

593,383‌

Series

-

2013

C14

(Class

A5)

500,000

i

WF-RBS

Commercial

Mortgage

Trust

4

.646

03/15/47

471,663‌

Series

-

2014

C19

(Class

C)

1,000,000

i

WF-RBS

Commercial

Mortgage

Trust

4

.723

03/15/47

956,935‌

Series

-

2014

C19

(Class

B)

TOTAL

OTHER

MORTGAGE

BACKED

350,642,546‌

TOTAL

STRUCTURED

ASSETS

468,125,881‌

(Cost

$528,272,956)

TOTAL

BONDS

19,602,818,104‌

(Cost

$22,373,282,066)

Portfolio

of

investments

(unaudited)

Bond

Index

Fund

December

31,

2022

148

December

31,

2022

TIAA-CREF

Funds

concluded

PRINCIPAL

ISSUER

REFERENCERATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

SHORT-TERM

INVESTMENTS

-

2.1%

GOVERNMENT

AGENCY

DEBT

-

0

.2

%

$

10,000,000

Federal

Farm

Credit

Bank

(FFCB)

0

.000

%

01/04/23

$

9,998,812‌

10,000,000

FFCB

0

.000

01/09/23

9,992,874‌

3,000,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

01/03/23

3,000,000‌

10,000,000

FHLB

0

.000

02/10/23

9,952,515‌

TOTAL

GOVERNMENT

AGENCY

DEBT

32,944,201‌

REPURCHASE

AGREEMENT

-

0

.7

%

142,875,000

r

Fixed

Income

Clearing

Corp

(FICC)

4

.080

01/03/23

142,875,000‌

TOTAL

REPURCHASE

AGREEMENT

142,875,000‌

SHARES

COMPANY

EXP

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

-

1

.2

%

243,906,262

c

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4

.340

243,906,262‌

TOTAL

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

243,906,262‌

TOTAL

SHORT-TERM

INVESTMENTS

419,725,463‌

(Cost

$419,721,859)

TOTAL

INVESTMENTS

-

101.5%

20,022,543,567‌

(Cost

$22,793,003,925)

OTHER

ASSETS

&

LIABILITIES,

NET

-

(1.5)%

(

293,633,862‌

)

NET

ASSETS

-

100.0%

$

19,728,909,705‌

DGS1

1-Year

Treasury

Constant

Maturity

Rate

LIBOR

London

Interbank

Offered

Rate

M

Month

‡

Perpetual

security

c

Investments

made

with

cash

collateral

received

from

securities

on

loan.

e

All

or

a

portion

of

these

securities

are

out

on

loan.

The

aggregate

value

of

securities

on

loan

is

$235,016,225.

g

Security

is

exempt

from

registration

under

Rule

144(A)

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

h

All

or

a

portion

of

these

securities

were

purchased

on

a

delayed

delivery

basis.

i

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

r

Agreement

with

Fixed

Income

Clearing

Corp

(FICC),

4.080%

dated

12/30/22

to

be

repurchased

at

$142,875,000

on

1/3/23,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

0.875%

and

maturity

date

1/15/29,

valued

at

$145,732,507.

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

149

TIAA-CREF

Funds

December

31,

2022

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANK

LOAN

OBLIGATIONS

-

1.3%

AUTOMOBILES

&

COMPONENTS

-

0

.0

%

$

447,326

i

Clarios

Global

LP

LIBOR

12

M

+

3.250%

7

.634

%

04/30/26

$

439,871‌

794,465

i

Gates

Global

LLC

LIBOR

12

M

+

2.500%

6

.884

03/31/27

779,164‌

TOTAL

AUTOMOBILES

&

COMPONENTS

1,219,035‌

CAPITAL

GOODS

-

0

.1

%

701,491

i

Avolon

TLB

Borrower

US

LLC

LIBOR

12

M

+

1.750%

6

.103

01/15/25

700,323‌

899,579

i

Avolon

TLB

Borrower

US

LLC

LIBOR

1

M

+

1.500%

5

.853

02/12/27

889,058‌

475,113

i

Clydesdale

Acquisition

Holdings,

Inc

SOFR

12M

+

3.925%

8

.598

04/13/29

453,673‌

480,178

i

Cornerstone

Building

Brands,

Inc

LIBOR

12

M

+

3.250%

7

.568

04/12/28

433,103‌

365,909

i

SRAM

LLC

LIBOR

12

M

+

2.750%

7

.134

05/18/28

357,219‌

469,377

i

TransDigm,

Inc

LIBOR

4

M

+

2.250%

6

.980

12/09/25

464,566‌

574,797

i

Univar

Solutions

USA,

Inc

LIBOR

12

M

+

1.750%

6

.134

06/03/28

573,538‌

TOTAL

CAPITAL

GOODS

3,871,480‌

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0

.1

%

274,313

i

Amentum

Government

Services

Holdings

LLC

SOFR

2M

+

4.000%

7

.558

02/15/29

267,969‌

553,434

i

Clean

Harbors,

Inc

LIBOR

12

M

+

1.750%

6

.134

06/28/24

552,526‌

638,664

i

Dun

&

Bradstreet

Corp

LIBOR

12

M

+

3.250%

7

.639

02/06/26

633,932‌

668,538

i

GFL

Environmental,

Inc

LIBOR

4

M

+

3.000%

7

.415

05/30/25

669,604‌

1,225,939

i

Intrado

Corp

LIBOR

4

M

+

4.000%

8

.415

10/10/24

1,132,633‌

716,146

i

Peraton

Corp

LIBOR

12

M

+

3.750%

8

.134

02/01/28

700,631‌

1,289,218

i

Prime

Security

Services

Borrower

LLC

LIBOR

4

M

+

2.750%

6

.505

09/23/26

1,279,549‌

725,441

i

Sedgwick

Claims

Management

Services,

Inc

LIBOR

12

M

+

3.250%

7

.634

12/31/25

706,851‌

457,477

i

Spin

Holdco,

Inc

LIBOR

4

M

+

4.000%

8

.765

03/04/28

388,169‌

4,375,084

i

Trans

Union

LLC

LIBOR

12

M

+

2.250%

6

.634

12/01/28

4,339,537‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

10,671,401‌

CONSUMER

DURABLES

&

APPAREL

-

0

.0

%

987,500

i

Conair

Holdings

LLC

LIBOR

4

M

+

3.750%

8

.480

05/17/28

835,672‌

1,051,442

i

Samsonite

IP

Holdings

Sarl

LIBOR

12

M

+

1.750%

6

.134

04/25/25

1,031,202‌

TOTAL

CONSUMER

DURABLES

&

APPAREL

1,866,874‌

CONSUMER

SERVICES

-

0

.1

%

1,315,173

i

1011778

BC

ULC

LIBOR

4

M

+

1.750%

6

.165

11/19/26

1,295,090‌

1,350,938

i

AlixPartners

LLP

LIBOR

12

M

+

2.750%

7

.134

02/04/28

1,341,893‌

200,900

i

Caesars

Resort

Collection

LLC

LIBOR

12

M

+

3.500%

7

.884

07/21/25

200,660‌

587,561

i

Carnival

Corp

LIBOR

12

M

+

3.250%

7

.634

10/18/28

551,720‌

658,350

i

CCC

Intelligent

Solutions,

Inc

LIBOR

12

M

+

2.250%

6

.634

09/21/28

654,400‌

981,865

i

ClubCorp

Holdings,

Inc

LIBOR

4

M

+

2.750%

7

.480

09/18/24

888,839‌

270,000

i

Delta

2

Lux

Sarl

0

.000

01/15/30

270,203‌

210,000

i

Element

Materials

Technology

Group

US

Holdings,

Inc

SOFR

3M

+

4.250%

0

.000

04/12/29

205,713‌

455,000

i

Element

Materials

Technology

Group

US

Holdings,

Inc

SOFR

4M

+

4.250%

8

.930

06/22/29

445,711‌

970,099

i

Fertitta

Entertainment

LLC

SOFR

12M

+

4.000%

8

.323

01/27/29

924,266‌

861,864

i

IRB

Holding

Corp

SOFR

12M

+

3.000%

7

.317

12/15/27

837,732‌

381,732

i

KFC

Holding

Co

LIBOR

12

M

+

1.750%

6

.089

03/15/28

377,437‌

643,824

i

Life

Time,

Inc

LIBOR

4

M

+

4.750%

9

.485

12/16/24

641,512‌

308,948

i

Penn

National

Gaming,

Inc

SOFR

12M

+

2.750%

7

.173

05/03/29

306,394‌

2,235,358

i

Sophia

LP

LIBOR

4

M

+

3.500%

8

.230

10/07/27

2,162,720‌

1,354,375

i

Stars

Group

Holdings

BV

LIBOR

4

M

+

2.250%

6

.980

07/21/26

1,337,818‌

TOTAL

CONSUMER

SERVICES

12,442,108‌

DIVERSIFIED

FINANCIALS

-

0

.0

%

597,844

i

Lions

Gate

Capital

Holdings

LLC

LIBOR

12

M

+

2.250%

6

.634

03/24/25

572,435‌

1,353,029

i

Reynolds

Group

Holdings,

Inc

LIBOR

12

M

+

3.250%

7

.634

02/05/26

1,339,918‌

TOTAL

DIVERSIFIED

FINANCIALS

1,912,353‌

ENERGY

-

0

.0

%

1,386,026

i

Buckeye

Partners

LP

LIBOR

12

M

+

2.250%

6

.634

11/01/26

1,380,039‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

150

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

193,674

i

DT

Midstream,

Inc

LIBOR

12

M

+

2.000%

6

.438

%

06/26/28

$

194,219‌

TOTAL

ENERGY

1,574,258‌

FOOD

&

STAPLES

RETAILING

-

0

.0

%

966,778

i

US

Foods,

Inc

LIBOR

12

M

+

2.750%

7

.134

11/22/28

963,940‌

TOTAL

FOOD

&

STAPLES

RETAILING

963,940‌

FOOD,

BEVERAGE

&

TOBACCO

-

0

.0

%

146,250

i

Froneri

US,

Inc

LIBOR

12

M

+

2.250%

6

.634

01/29/27

142,614‌

1,871,500

i

Hayward

Industries,

Inc

LIBOR

12

M

+

2.500%

6

.884

05/30/28

1,795,480‌

882,659

i

Hostess

Brands

LLC

LIBOR

4

M

+

2.250%

6

.665

08/03/25

881,326‌

505,031

i

Triton

Water

Holdings,

Inc

LIBOR

4

M

+

3.500%

8

.230

03/31/28

471,383‌

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

3,290,803‌

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

0

.1

%

589,326

i

Da

Vinci

Purchaser

Corp

LIBOR

12

M

+

4.000%

8

.384

01/08/27

538,252‌

1,209,469

i

DaVita,

Inc

LIBOR

12

M

+

1.750%

6

.134

08/12/26

1,181,052‌

608,096

i

Global

Medical

Response,

Inc

LIBOR

12

M

+

4.250%

8

.634

03/14/25

429,851‌

628,509

i

Grifols

Worldwide

Operations

USA,

Inc

LIBOR

12

M

+

2.000%

6

.384

11/15/27

609,132‌

127,865

i

NMN

Holdings

III

Corp

LIBOR

3

M

+

3.750%

0

.000

11/13/25

111,882‌

595,875

i

NMN

Holdings

III

Corp

LIBOR

12

M

+

3.750%

8

.134

11/13/25

521,391‌

1,896,125

i

Onex

TSG

Intermediate

Corp

LIBOR

4

M

+

4.750%

9

.165

02/28/28

1,698,426‌

982,506

i

Phoenix

Guarantor,

Inc

LIBOR

12

M

+

3.500%

7

.884

03/05/26

926,901‌

1,359,493

i

RegionalCare

Hospital

Partners

Holdings,

Inc

LIBOR

4

M

+

3.750%

8

.165

11/16/25

1,284,891‌

946,734

i

Select

Medical

Corp

LIBOR

12

M

+

2.500%

6

.890

03/06/25

930,521‌

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

8,232,299‌

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0

.0

%

649,125

i

Energizer

Holdings,

Inc

LIBOR

12

M

+

2.250%

6

.625

12/22/27

638,577‌

985,809

i

Weber-Stephen

Products

LLC

LIBOR

12

M

+

3.250%

7

.634

10/30/27

837,391‌

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

1,475,968‌

INSURANCE

-

0

.1

%

670,539

i

Acrisure

LLC

LIBOR

12

M

+

3.500%

7

.884

02/15/27

630,846‌

910,576

i

Asurion

LLC

LIBOR

12

M

+

3.000%

7

.384

11/03/24

886,673‌

421,960

i

Asurion

LLC

LIBOR

12

M

+

3.250%

7

.634

12/23/26

377,215‌

760,587

i

HUB

International

Ltd

LIBOR

4

M

+

3.250%

7

.528

04/25/25

754,796‌

976,368

i

NFP

Corp

LIBOR

12

M

+

3.250%

7

.634

02/15/27

936,268‌

TOTAL

INSURANCE

3,585,798‌

MATERIALS

-

0

.1

%

675,319

i

Asplundh

Tree

Expert

LLC

LIBOR

12

M

+

1.750%

6

.134

09/07/27

675,035‌

1,201,700

i

Eco

Services

Operations

Corp

LIBOR

4

M

+

2.500%

6

.915

06/09/28

1,185,928‌

710,362

i

H.B.

Fuller

Co

LIBOR

12

M

+

2.000%

6

.353

10/20/24

710,880‌

761,438

i

Kloeckner

Pentaplast

of

America,

Inc

SOFR

2M

+

4.750%

8

.259

02/12/26

679,583‌

345,804

i

Messer

Industries

USA,

Inc

LIBOR

4

M

+

2.500%

7

.230

03/02/26

343,373‌

145,018

i

Quikrete

Holdings,

Inc

LIBOR

12

M

+

2.625%

7

.009

02/01/27

143,670‌

297,951

i

Reynolds

Consumer

Products

LLC

LIBOR

12

M

+

1.750%

6

.134

02/04/27

296,018‌

869,593

i

Tronox

Finance

LLC

LIBOR

12

M

+

2.250%

6

.634

03/10/28

843,953‌

143,550

i

WR

Grace

Holdings

LLC

LIBOR

4

M

+

3.750%

8

.500

09/22/28

141,274‌

TOTAL

MATERIALS

5,019,714‌

MEDIA

&

ENTERTAINMENT

-

0

.1

%

920,821

i

Alliance

Laundry

Systems

LLC

LIBOR

4

M

+

3.500%

7

.409

10/08/27

904,016‌

484,530

i

Altice

Financing

S.A.

LIBOR

4

M

+

2.750%

6

.829

01/31/26

468,783‌

605,057

i

Arterra

Wines

Canada,

Inc

LIBOR

4

M

+

3.500%

8

.230

11/24/27

567,997‌

196,000

i

Cablevision

Lightpath

LLC

LIBOR

12

M

+

3.250%

7

.568

11/30/27

188,038‌

3,323

i

Cirque

Du

Soleil

Holding

USA

Newco,

Inc

LIBOR

3

M

+

1.000%

7

.000

11/24/27

3,259‌

591,000

i

CNT

Holdings

I

Corp

SOFR

4M

+

3.500%

7

.239

11/08/27

573,533‌

940,000

i

Coral-US

Co-Borrower

LLC

LIBOR

12

M

+

3.000%

7

.318

10/15/29

913,680‌

286,609

i

Diamond

Sports

Group

LLC

SOFR

12M

+

8.000%

12

.317

05/25/26

272,338‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

151

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MEDIA

&

ENTERTAINMENT—continued

$

1,458,844

†,i

Diamond

Sports

Group

LLC

SOFR

12M

+

3.250%

7

.567

%

08/24/26

$

175,061‌

869,750

i

DIRECTV

Financing

LLC

LIBOR

12

M

+

5.000%

9

.384

08/02/27

848,641‌

985,726

i

INEOS

US

Petrochem

LLC

LIBOR

12

M

+

2.750%

7

.134

01/29/26

970,940‌

1,191,000

i

Mozart

Borrower

LP

LIBOR

12

M

+

3.250%

7

.634

10/23/28

1,133,957‌

1,494,994

i

Phoenix

Newco,

Inc

LIBOR

12

M

+

3.250%

7

.634

11/15/28

1,443,088‌

682,518

i

Rackspace

Technology

Global,

Inc

LIBOR

4

M

+

2.750%

7

.380

02/15/28

430,024‌

3,055

i

Radiate

Holdco

LLC

LIBOR

12

M

+

3.250%

7

.634

09/25/26

2,496‌

957,978

i

Ryan

Specialty

Group

LLC

SOFR

12M

+

3.000%

7

.423

09/01/27

953,591‌

275,000

i

SkyMiles

IP

Ltd

LIBOR

4

M

+

3.750%

7

.993

10/20/27

280,827‌

922

i

TK

Elevator

US

Newco,

Inc

LIBOR

2

M

+

3.500%

6

.871

07/30/27

889‌

328,291

i

Univision

Communications,

Inc

LIBOR

12

M

+

3.250%

7

.634

03/15/26

323,777‌

950,000

i

Virgin

Media

Bristol

LLC

LIBOR

12

M

+

2.500%

6

.818

01/31/28

935,836‌

260,687

i

Wand

NewCo

3,

Inc

LIBOR

12

M

+

3.000%

7

.384

02/05/26

247,885‌

TOTAL

MEDIA

&

ENTERTAINMENT

11,638,656‌

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

0

.1

%

2,505,270

h,i

Avantor,

Inc

LIBOR

12

M

+

2.250%

6

.634

11/06/27

2,497,441‌

960,126

i

Catalent

Pharma

Solutions,

Inc

LIBOR

12

M

+

2.000%

6

.375

02/22/28

947,078‌

1,277,545

i

Horizon

Therapeutics

USA,

Inc

LIBOR

12

M

+

2.000%

6

.438

05/22/26

1,278,343‌

3,432,337

i

Jazz

Financing

Lux

Sarl

LIBOR

12

M

+

3.500%

7

.884

05/05/28

3,407,401‌

543,769

i

Organon

&

Co

LIBOR

4

M

+

3.000%

7

.750

06/02/28

539,837‌

295,515

i

Perrigo

Investments

LLC

SOFR

12M

+

2.500%

6

.923

04/20/29

294,407‌

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

8,964,507‌

REAL

ESTATE

-

0

.0

%

881,281

i

Cushman

&

Wakefield

plc

LIBOR

12

M

+

2.750%

7

.134

08/21/25

862,713‌

TOTAL

REAL

ESTATE

862,713‌

RETAILING

-

0

.1

%

592,759

i

Chariot

Buyer

LLC

LIBOR

12

M

+

3.250%

7

.634

11/03/28

560,157‌

5,000,000

h,i

FLUTTER

FINANCING

BV

SOFR

4M

+

3.250%

7

.043

07/22/28

4,985,425‌

607,902

h,i

LS

GROUP

OPCO

ACQUISITIO

LIBOR

4

M

+

3.250%

6

.580

11/02/27

601,063‌

778,061

i

Resideo

Funding,

Inc

LIBOR

4

M

+

2.250%

6

.880

02/11/28

773,688‌

957,726

i

Staples,

Inc

LIBOR

4

M

+

5.000%

7

.782

04/16/26

888,157‌

TOTAL

RETAILING

7,808,490‌

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0

.0

%

524,390

i

Bright

Bidco

BV

CME

Term

SOFR

4

+

8.000%

8

.000

10/31/27

460,587‌

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

460,587‌

SOFTWARE

&

SERVICES

-

0

.2

%

467,000

i

Avaya

Holdings

Corp

LIBOR

12

M

+

4.250%

8

.568

12/15/27

161,949‌

342,627

i

Camelot

Finance

S.A.

LIBOR

12

M

+

3.000%

7

.384

10/30/26

337,702‌

877,125

i

Camelot

US

Acquisition

LIBOR

12

M

+

3.000%

7

.384

10/30/26

865,064‌

843,625

i

Informatica

LLC

LIBOR

12

M

+

2.750%

7

.188

10/27/28

829,705‌

505,460

i

Light

&

Wonder,

Inc

SOFR

12M

+

3.000%

7

.417

04/14/29

499,865‌

4,414

i

Magenta

Buyer

LLC

LIBOR

4

M

+

4.750%

9

.170

07/27/28

3,800‌

4,817,000

i

NortonLifeLock,

Inc

SOFR

12M

+

2.000%

6

.423

09/12/29

4,745,757‌

4,400,000

h

Open

Text

Corp

6

.134

05/30/25

4,308,150‌

469,063

i

RealPage,

Inc

LIBOR

12

M

+

3.000%

7

.384

04/24/28

447,016‌

681

i

Rocket

Software,

Inc

LIBOR

12

M

+

4.250%

8

.634

11/28/25

657‌

3,043,226

i

SS&C

Technologies,

Inc

SOFR

12M

+

2.250%

6

.673

03/22/29

2,994,732‌

2,019,701

i

SS&C

Technologies,

Inc

SOFR

12M

+

2.250%

6

.673

03/22/29

1,987,517‌

TOTAL

SOFTWARE

&

SERVICES

17,181,914‌

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0

.0

%

356,844

i

Ingram

Micro,

Inc

LIBOR

4

M

+

3.500%

8

.230

06/30/28

352,384‌

755,472

i

TTM

Technologies,

Inc

LIBOR

3

M

+

2.500%

2

.500

09/28/24

757,043‌

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

1,109,427‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

152

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

TELECOMMUNICATION

SERVICES

-

0

.0

%

$

469,678

i

CommScope,

Inc

LIBOR

12

M

+

3.250%

7

.634

%

04/06/26

$

443,963‌

605,688

i

MLN

US

Holdco

LLC

LIBOR

4

M

+

4.500%

8

.252

11/30/25

213,505‌

969,060

i

SFR

Group

S.A.

LIBOR

4

M

+

3.688%

7

.767

01/31/26

900,422‌

623,553

i

Zayo

Group

Holdings,

Inc

LIBOR

12

M

+

3.000%

7

.384

03/09/27

507,896‌

TOTAL

TELECOMMUNICATION

SERVICES

2,065,786‌

TRANSPORTATION

-

0

.1

%

248,751

i

Air

Canada

LIBOR

4

M

+

3.500%

8

.130

08/11/28

246,612‌

750,000

i

American

Airlines,

Inc

LIBOR

4

M

+

4.750%

8

.993

04/20/28

748,009‌

309,978

i

Avis

Budget

Car

Rental

LLC

LIBOR

12

M

+

1.750%

6

.140

08/06/27

301,292‌

375,250

i

CHG

Healthcare

Services,

Inc

LIBOR

12

M

+

3.250%

7

.634

09/29/28

367,929‌

990,000

i

Gulf

Finance

LLC

LIBOR

12

M

+

6.750%

10

.970

08/25/26

937,198‌

495,000

i

Mileage

Plus

Holdings

LLC

LIBOR

4

M

+

5.250%

9

.996

06/21/27

510,036‌

379,683

i

MLN

US

Holdco

LLC

0

.000

10/18/27

307,543‌

1,000,000

i

XPO

Logistics,

Inc

LIBOR

1

M

+

1.750%

5

.597

02/24/25

996,795‌

TOTAL

TRANSPORTATION

4,415,414‌

UTILITIES

-

0

.1

%

384,866

i

AssuredPartners,

Inc

LIBOR

12

M

+

3.500%

7

.884

02/12/27

373,705‌

914,227

i

Calpine

Corp

LIBOR

12

M

+

2.500%

6

.890

12/16/27

906,643‌

49,826

i

Covanta

Holding

Corp

LIBOR

1

M

+

2.500%

5

.615

11/30/28

49,532‌

660,185

i

Covanta

Holding

Corp

SOFR

12M

+

2.500%

6

.823

11/30/28

656,297‌

1,467,972

i

First

Eagle

Holdings,

Inc

LIBOR

4

M

+

2.500%

7

.230

02/01/27

1,434,392‌

1,933,925

i

Gopher

Resource

LLC

LIBOR

12

M

+

3.250%

7

.634

03/06/25

1,303,465‌

723,827

i

Seattle

SpinCo,

Inc

LIBOR

12

M

+

2.750%

7

.134

06/21/24

723,827‌

578,108

i

Seattle

SpinCo,

Inc

SOFR

+

4.000%

8

.421

01/14/27

578,108‌

1,015,358

i

Utz

Quality

Foods

LLC

SOFR

12M

+

3.000%

7

.438

01/20/28

1,008,378‌

892,316

i

Vistra

Operations

Co

LLC

LIBOR

12

M

+

1.750%

6

.089

12/31/25

885,878‌

TOTAL

UTILITIES

7,920,225‌

TOTAL

BANK

LOAN

OBLIGATIONS

118,553,750‌

(Cost

$124,156,606)

BONDS

-

96.4%

CORPORATE

BONDS

-

35

.4

%

AUTOMOBILES

&

COMPONENTS

-

0

.5

%

4,500,000

g

Adient

Global

Holdings

Ltd

4

.875

08/15/26

4,189,410‌

225,000

Dana,

Inc

5

.375

11/15/27

208,714‌

225,000

e

Dana,

Inc

5

.625

06/15/28

204,675‌

325,000

Dana,

Inc

4

.250

09/01/30

261,826‌

1,755,000

Ford

Motor

Co

3

.250

02/12/32

1,316,148‌

2,635,000

Ford

Motor

Co

6

.100

08/19/32

2,433,047‌

4,900,000

g

Gates

Global

LLC

6

.250

01/15/26

4,728,500‌

5,550,000

General

Motors

Co

6

.125

10/01/25

5,648,290‌

5,800,000

General

Motors

Co

5

.400

10/15/29

5,534,927‌

1,700,000

General

Motors

Co

6

.600

04/01/36

1,664,975‌

10,050,000

General

Motors

Co

5

.200

04/01/45

8,168,343‌

475,000

General

Motors

Co

6

.750

04/01/46

455,384‌

2,000,000

e

Goodyear

Tire

&

Rubber

Co

5

.000

07/15/29

1,668,299‌

5,000,000

e

Goodyear

Tire

&

Rubber

Co

5

.250

04/30/31

4,151,476‌

3,000,000

g

Hyundai

Capital

Services,

Inc

2

.125

04/24/25

2,742,774‌

2,000,000

g,o

IHO

Verwaltungs

GmbH

4

.750

09/15/26

1,730,728‌

500,000

g,o

IHO

Verwaltungs

GmbH

6

.375

05/15/29

422,512‌

1,750,000

Magna

International,

Inc

3

.625

06/15/24

1,710,466‌

2,000,000

g

Nemak

SAB

de

C.V.

3

.625

06/28/31

1,564,470‌

TOTAL

AUTOMOBILES

&

COMPONENTS

48,804,964‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

153

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS

-

7

.7

%

$

2,000,000

e,g

Akbank

T.A.S.

6

.800

%

02/06/26

$

1,928,042‌

1,500,000

g

Akbank

T.A.S.

6

.800

06/22/31

1,346,426‌

2,995,000

g

Australia

&

New

Zealand

Banking

Group

Ltd

2

.950

07/22/30

2,707,594‌

5,000,000

g

Australia

&

New

Zealand

Banking

Group

Ltd

6

.750

N/A‡

4,982,039‌

3,000,000

Banco

Bilbao

Vizcaya

Argentaria

S.A.

6

.500

N/A‡

2,872,517‌

2,100,000

g

Banco

de

Credito

del

Peru

2

.700

01/11/25

1,987,713‌

4,150,000

g

Banco

de

Credito

e

Inversiones

S.A.

2

.875

10/14/31

3,452,224‌

1,725,000

g

Banco

Industrial

S.A.

4

.875

01/29/31

1,617,188‌

2,000,000

g

Banco

Internacional

del

Peru

SAA

Interbank

3

.375

01/18/23

1,995,200‌

3,300,000

g

Banco

Internacional

del

Peru

SAA

Interbank

4

.000

07/08/30

2,976,600‌

1,725,000

g

Banco

Nacional

de

Comercio

Exterior

SNC

2

.720

08/11/31

1,438,962‌

4,000,000

Banco

Santander

S.A.

5

.294

08/18/27

3,905,426‌

4,200,000

Banco

Santander

S.A.

3

.800

02/23/28

3,808,775‌

2,000,000

Banco

Santander

S.A.

7

.500

N/A‡

1,952,200‌

5,400,000

Banco

Santander

S.A.

4

.750

N/A‡

4,372,584‌

1,825,000

Bancolombia

S.A.

4

.625

12/18/29

1,601,438‌

2,600,000

g

Bangkok

Bank

PCL

3

.466

09/23/36

2,032,704‌

2,500,000

g

Banistmo

S.A.

4

.250

07/31/27

2,286,922‌

4,000,000

g

Bank

Hapoalim

BM

3

.255

01/21/32

3,438,744‌

8,000,000

g

Bank

Leumi

Le-Israel

BM

3

.275

01/29/31

7,078,000‌

32,525,000

Bank

of

America

Corp

0

.810

10/24/24

31,186,709‌

10,000,000

Bank

of

America

Corp

4

.000

01/22/25

9,787,605‌

1,000,000

Bank

of

America

Corp

4

.450

03/03/26

979,866‌

23,880,000

Bank

of

America

Corp

2

.592

04/29/31

19,448,730‌

15,000,000

Bank

of

America

Corp

1

.898

07/23/31

11,512,583‌

56,165,000

Bank

of

America

Corp

1

.922

10/24/31

42,903,758‌

5,000,000

Bank

of

America

Corp

2

.687

04/22/32

4,001,920‌

9,300,000

Bank

of

America

Corp

2

.572

10/20/32

7,283,782‌

23,300,000

Bank

of

America

Corp

2

.972

02/04/33

18,770,915‌

7,200,000

Bank

of

America

Corp

3

.846

03/08/37

5,962,036‌

8,925,000

Bank

of

America

Corp

2

.676

06/19/41

6,003,855‌

1,150,000

Bank

of

America

Corp

4

.375

N/A‡

973,970‌

5,000,000

Bank

of

America

Corp

6

.250

N/A‡

4,801,804‌

11,300,000

Bank

of

America

Corp

6

.100

N/A‡

10,904,500‌

7,000,000

Barclays

plc

3

.932

05/07/25

6,788,162‌

600,000

Barclays

plc

2

.279

11/24/27

518,626‌

4,700,000

Barclays

plc

3

.330

11/24/42

3,208,090‌

3,000,000

Barclays

plc

6

.125

N/A‡

2,737,500‌

5,550,000

g

BNP

Paribas

S.A.

2

.819

11/19/25

5,257,395‌

5,895,000

g

BNP

Paribas

S.A.

1

.904

09/30/28

4,908,694‌

2,800,000

g

BNP

Paribas

S.A.

2

.588

08/12/35

2,049,279‌

12,906,000

g

BNP

Paribas

S.A.

7

.375

N/A‡

12,761,162‌

3,500,000

g

CIMB

Bank

Bhd

2

.125

07/20/27

3,063,167‌

4,025,000

Citigroup,

Inc

3

.200

10/21/26

3,723,772‌

2,200,000

Citigroup,

Inc

4

.300

11/20/26

2,128,148‌

5,975,000

Citigroup,

Inc

4

.450

09/29/27

5,696,615‌

20,000,000

Citigroup,

Inc

2

.572

06/03/31

16,175,803‌

12,750,000

Citigroup,

Inc

4

.910

05/24/33

11,939,521‌

21,500,000

Citigroup,

Inc

6

.270

11/17/33

22,180,302‌

4,900,000

Citigroup,

Inc

6

.250

N/A‡

4,753,000‌

3,000,000

Citigroup,

Inc

5

.950

N/A‡

2,702,100‌

2,000,000

Citigroup,

Inc

6

.300

N/A‡

1,886,500‌

6,315,000

g

Cooperatieve

Rabobank

UA

1

.339

06/24/26

5,678,005‌

4,175,000

Cooperatieve

Rabobank

UA

3

.750

07/21/26

3,920,078‌

3,050,000

g

Credicorp

Ltd

2

.750

06/17/25

2,848,883‌

12,000,000

g

Credit

Agricole

S.A.

8

.125

N/A‡

12,144,000‌

1,525,000

g

DBS

Group

Holdings

Ltd

4

.520

12/11/28

1,508,456‌

3,150,000

g

Development

Bank

of

Kazakhstan

JSC

2

.950

05/06/31

2,489,108‌

4,200,000

Discover

Bank

2

.450

09/12/24

3,972,739‌

5,400,000

Discover

Bank

3

.450

07/27/26

4,972,228‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

154

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

2,275,000

Discover

Bank

2

.700

%

02/06/30

$

1,821,091‌

1,675,000

g

Grupo

Aval

Ltd

4

.375

02/04/30

1,356,802‌

2,160,000

g

Hana

Bank

3

.500

N/A‡

1,859,260‌

4,535,000

HSBC

Holdings

plc

1

.645

04/18/26

4,093,349‌

625,000

HSBC

Holdings

plc

3

.900

05/25/26

595,260‌

11,915,000

HSBC

Holdings

plc

4

.292

09/12/26

11,397,376‌

14,500,000

HSBC

Holdings

plc

2

.251

11/22/27

12,557,655‌

1,850,000

HSBC

Holdings

plc

2

.013

09/22/28

1,546,240‌

6,800,000

HSBC

Holdings

plc

7

.390

11/03/28

7,146,463‌

3,850,000

HSBC

Holdings

plc

3

.973

05/22/30

3,369,844‌

2,430,000

HSBC

Holdings

plc

2

.848

06/04/31

1,939,397‌

590,000

HSBC

Holdings

plc

6

.800

06/01/38

585,576‌

360,000

Huntington

Bancshares,

Inc

4

.000

05/15/25

350,426‌

2,875,000

g

ICICI

Bank

Ltd

3

.800

12/14/27

2,629,062‌

8,225,000

g

ING

Groep

NV

1

.400

07/01/26

7,394,434‌

400,000

ING

Groep

NV

3

.950

03/29/27

378,856‌

3,000,000

g

Intercorp

Financial

Services,

Inc

4

.125

10/19/27

2,640,975‌

8,150,000

JPMorgan

Chase

&

Co

2

.301

10/15/25

7,680,172‌

2,500,000

JPMorgan

Chase

&

Co

3

.200

06/15/26

2,360,285‌

3,525,000

JPMorgan

Chase

&

Co

4

.323

04/26/28

3,366,329‌

13,000,000

JPMorgan

Chase

&

Co

4

.203

07/23/29

12,113,437‌

10,905,000

JPMorgan

Chase

&

Co

3

.702

05/06/30

9,780,473‌

22,460,000

JPMorgan

Chase

&

Co

1

.953

02/04/32

17,180,196‌

20,500,000

JPMorgan

Chase

&

Co

2

.963

01/25/33

16,684,995‌

3,275,000

JPMorgan

Chase

&

Co

2

.525

11/19/41

2,141,124‌

14,550,000

JPMorgan

Chase

&

Co

3

.157

04/22/42

10,562,176‌

700,000

JPMorgan

Chase

&

Co

4

.260

02/22/48

572,422‌

6,535,000

JPMorgan

Chase

&

Co

5

.000

N/A‡

5,979,072‌

9,000,000

JPMorgan

Chase

&

Co

6

.100

N/A‡

8,759,430‌

7,380,000

JPMorgan

Chase

&

Co

3

.650

N/A‡

6,319,125‌

8,100,000

Lloyds

Banking

Group

plc

6

.750

N/A‡

7,687,052‌

6,800,000

Lloyds

Banking

Group

plc

7

.500

N/A‡

6,560,008‌

7,150,000

M&T

Bank

Corp

3

.500

N/A‡

5,541,322‌

7,200,000

Mitsubishi

UFJ

Financial

Group,

Inc

2

.193

02/25/25

6,738,439‌

2,070,000

Mitsubishi

UFJ

Financial

Group,

Inc

1

.412

07/17/25

1,879,745‌

3,000,000

g

Mizrahi

Tefahot

Bank

Ltd

3

.077

04/07/31

2,628,750‌

2,900,000

NatWest

Group

plc

5

.516

09/30/28

2,864,277‌

8,000,000

g

NBK

SPC

Ltd

1

.625

09/15/27

7,024,000‌

3,000,000

g

NBK

Tier  Financing

Ltd

3

.625

N/A‡

2,613,396‌

5,470,000

g

Nordea

Bank

Abp

6

.625

N/A‡

5,371,881‌

4,720,000

PNC

Bank

NA

2

.700

10/22/29

3,982,741‌

1,500,000

PNC

Financial

Services

Group,

Inc

3

.900

04/29/24

1,481,618‌

2,500,000

i

PNC

Financial

Services

Group,

Inc

LIBOR

3

M

+

3.678%

3

.804

N/A‡

2,493,750‌

4,105,000

PNC

Financial

Services

Group,

Inc

3

.400

N/A‡

3,253,213‌

4,600,000

Sumitomo

Mitsui

Financial

Group,

Inc

1

.474

07/08/25

4,191,371‌

5,100,000

Toronto-Dominion

Bank

4

.285

09/13/24

5,040,209‌

1,300,000

Toronto-Dominion

Bank

3

.625

09/15/31

1,197,369‌

5,000,000

Truist

Bank

3

.689

08/02/24

4,954,447‌

1,960,000

Truist

Bank

2

.250

03/11/30

1,589,285‌

1,960,000

Truist

Financial

Corp

1

.200

08/05/25

1,792,720‌

4,500,000

Truist

Financial

Corp

5

.100

N/A‡

4,162,500‌

7,000,000

Truist

Financial

Corp

4

.950

N/A‡

6,692,700‌

1,500,000

g

Turkiye

Garanti

Bankasi

AS.

7

.177

05/24/27

1,383,060‌

3,000,000

g

Turkiye

Vakiflar

Bankasi

TAO

6

.500

01/08/26

2,829,540‌

1,550,000

g

Turkiye

Vakiflar

Bankasi

TAO

5

.500

10/01/26

1,385,583‌

3,500,000

g

UBS

Group

AG.

3

.179

02/11/43

2,403,771‌

3,000,000

g

United

Overseas

Bank

Ltd

1

.250

04/14/26

2,695,771‌

1,400,000

g

United

Overseas

Bank

Ltd

3

.750

04/15/29

1,363,706‌

3,700,000

g

United

Overseas

Bank

Ltd

2

.000

10/14/31

3,229,119‌

1,600,000

Wells

Fargo

&

Co

3

.750

01/24/24

1,578,259‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

155

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

3,425,000

Wells

Fargo

&

Co

3

.550

%

09/29/25

$

3,293,757‌

9,300,000

Wells

Fargo

&

Co

3

.526

03/24/28

8,611,809‌

10,475,000

Wells

Fargo

&

Co

2

.393

06/02/28

9,245,117‌

10,575,000

Wells

Fargo

&

Co

3

.900

N/A‡

9,255,927‌

9,500,000

Wells

Fargo

&

Co

5

.875

N/A‡

9,167,500‌

8,000,000

Wells

Fargo

&

Co

5

.900

N/A‡

7,164,880‌

3,020,000

Westpac

Banking

Corp

2

.668

11/15/35

2,244,634‌

TOTAL

BANKS

703,069,192‌

CAPITAL

GOODS

-

1

.0

%

1,354,000

Air

Lease

Corp

3

.000

02/01/30

1,129,200‌

3,140,000

Air

Lease

Corp

3

.125

12/01/30

2,602,107‌

2,430,000

g

Airbus

SE

3

.150

04/10/27

2,257,234‌

650,000

g

BAE

Systems

plc

1

.900

02/15/31

504,048‌

2,000,000

g

BOC

Aviation

Ltd

3

.000

09/11/29

1,729,123‌

17,400,000

Boeing

Co

2

.196

02/04/26

15,808,990‌

1,350,000

Boeing

Co

3

.250

02/01/28

1,225,979‌

6,900,000

Boeing

Co

2

.950

02/01/30

5,843,766‌

3,700,000

Boeing

Co

3

.625

02/01/31

3,241,818‌

1,825,000

Boeing

Co

3

.250

02/01/35

1,387,908‌

3,600,000

Boeing

Co

5

.705

05/01/40

3,432,825‌

7,000,000

Boeing

Co

5

.805

05/01/50

6,490,231‌

1,160,000

g

Chart

Industries,

Inc

7

.500

01/01/30

1,166,136‌

3,075,000

g

H&E

Equipment

Services,

Inc

3

.875

12/15/28

2,619,254‌

500,000

Ingersoll-Rand

Global

Holding

Co

Ltd

3

.750

08/21/28

468,203‌

3,750,000

Ingersoll-Rand

Luxembourg

Finance

S.A.

3

.800

03/21/29

3,451,409‌

7,145,000

John

Deere

Capital

Corp

2

.000

06/17/31

5,772,062‌

1,100,000

L3Harris

Technologies,

Inc

3

.850

06/15/23

1,093,540‌

850,000

Lockheed

Martin

Corp

1

.850

06/15/30

698,075‌

5,775,000

Northrop

Grumman

Corp

3

.250

01/15/28

5,325,992‌

7,150,000

Parker-Hannifin

Corp

3

.250

06/14/29

6,384,936‌

248,000

Raytheon

Technologies

Corp

3

.650

08/16/23

245,912‌

10,675,000

Raytheon

Technologies

Corp

4

.125

11/16/28

10,217,125‌

5,000,000

Raytheon

Technologies

Corp

4

.500

06/01/42

4,496,591‌

325,000

g

Rolls-Royce

plc

5

.750

10/15/27

309,562‌

3,000,000

g

TSMC

Global

Ltd

0

.750

09/28/25

2,707,949‌

2,000,000

g

TSMC

Global

Ltd

1

.000

09/28/27

1,659,653‌

3,000,000

g

TSMC

Global

Ltd

1

.750

04/23/28

2,538,493‌

425,000

g

WESCO

Distribution,

Inc

7

.250

06/15/28

430,514‌

TOTAL

CAPITAL

GOODS

95,238,635‌

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0

.3

%

1,655,000

g

ADT

Corp

4

.875

07/15/32

1,406,467‌

1,000,000

AECOM

5

.125

03/15/27

962,500‌

1,395,000

g

Albion

Financing

1

SARL

6

.125

10/15/26

1,244,075‌

5,000,000

g

Allied

Universal

Holdco

LLC

6

.625

07/15/26

4,575,000‌

325,000

g

ASGN,

Inc

4

.625

05/15/28

294,190‌

925,000

g

Booz

Allen

Hamilton,

Inc

3

.875

09/01/28

819,515‌

370,000

g

Booz

Allen

Hamilton,

Inc

4

.000

07/01/29

325,653‌

150,000

g

GFL

Environmental,

Inc

4

.250

06/01/25

143,279‌

1,000,000

g

GFL

Environmental,

Inc

3

.750

08/01/25

945,000‌

125,000

g

GFL

Environmental,

Inc

5

.125

12/15/26

119,538‌

3,150,000

g

GFL

Environmental,

Inc

3

.500

09/01/28

2,769,362‌

2,125,000

g

Prime

Security

Services

Borrower

LLC

5

.750

04/15/26

2,045,313‌

1,300,000

g

Prime

Security

Services

Borrower

LLC

3

.375

08/31/27

1,122,140‌

2,655,000

g

Prime

Security

Services

Borrower

LLC

6

.250

01/15/28

2,416,475‌

2,225,000

Republic

Services,

Inc

2

.900

07/01/26

2,072,604‌

100,000

g

Ritchie

Bros

Auctioneers,

Inc

5

.375

01/15/25

98,250‌

420,000

Verisk

Analytics,

Inc

3

.625

05/15/50

289,857‌

1,325,000

g

WASH

Multifamily

Acquisition,

Inc

5

.750

04/15/26

1,248,813‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

156

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

COMMERCIAL

&

PROFESSIONAL

SERVICES—continued

$

1,235,000

Waste

Management,

Inc

1

.500

%

03/15/31

$

965,571‌

1,500,000

Waste

Management,

Inc

2

.500

11/15/50

934,480‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

24,798,082‌

CONSUMER

DURABLES

&

APPAREL

-

0

.2

%

5,000,000

Lennar

Corp

5

.000

06/15/27

4,862,676‌

5,000,000

Lennar

Corp

4

.750

11/29/27

4,820,059‌

219,000

Newell

Brands,

Inc

4

.875

06/01/25

212,977‌

1,175,000

Newell

Brands,

Inc

6

.375

09/15/27

1,166,188‌

5,000,000

PulteGroup,

Inc

5

.000

01/15/27

4,942,534‌

TOTAL

CONSUMER

DURABLES

&

APPAREL

16,004,434‌

CONSUMER

SERVICES

-

0

.6

%

16,500,000

Anheuser-Busch

Cos

LLC

3

.650

02/01/26

15,879,703‌

5,000,000

Anheuser-Busch

Cos

LLC

4

.700

02/01/36

4,722,214‌

8,910,000

Anheuser-Busch

Cos

LLC

4

.900

02/01/46

8,099,860‌

2,000,000

g

CDI

Escrow

Issuer,

Inc

5

.750

04/01/30

1,792,858‌

1,100,000

g

Cedar

Fair

LP

5

.500

05/01/25

1,088,028‌

2,300,000

g

ENA

Master

Trust

4

.000

05/19/48

1,609,968‌

125,000

g

Hilton

Domestic

Operating

Co,

Inc

5

.750

05/01/28

121,250‌

2,200,000

g

Hilton

Domestic

Operating

Co,

Inc

3

.625

02/15/32

1,761,760‌

8,800,000

Hyatt

Hotels

Corp

1

.300

10/01/23

8,554,082‌

400,000

g

International

Game

Technology

plc

4

.125

04/15/26

373,062‌

540,000

g

International

Game

Technology

plc

6

.250

01/15/27

535,950‌

425,000

g

Marriott

Ownership

Resorts,

Inc

4

.500

06/15/29

352,591‌

3,550,000

McDonald's

Corp

4

.600

09/09/32

3,471,213‌

2,335,000

Sands

China

Ltd

2

.800

03/08/27

1,999,764‌

1,400,000

Sands

China

Ltd

5

.400

08/08/28

1,310,824‌

1,175,000

g

Wynn

Macau

Ltd

5

.625

08/26/28

1,003,556‌

TOTAL

CONSUMER

SERVICES

52,676,683‌

DIVERSIFIED

FINANCIALS

-

3

.5

%

4,900,000

AerCap

Ireland

Capital

DAC

3

.500

01/15/25

4,666,656‌

9,050,000

AerCap

Ireland

Capital

DAC

1

.750

01/30/26

7,962,024‌

5,000,000

AerCap

Ireland

Capital

DAC

3

.875

01/23/28

4,496,730‌

10,075,000

AerCap

Ireland

Capital

DAC

3

.000

10/29/28

8,440,586‌

2,050,000

AerCap

Ireland

Capital

DAC

3

.300

01/30/32

1,602,610‌

1,250,000

AerCap

Ireland

Capital

DAC

3

.850

10/29/41

883,718‌

1,250,000

American

Express

Co

3

.700

08/03/23

1,241,883‌

2,000,000

American

Express

Co

2

.550

03/04/27

1,819,406‌

3,000,000

g

B3

S.A.-Brasil

Bolsa

Balcao

4

.125

09/20/31

2,527,930‌

2,500,000

g

Banco

BTG

Pactual

S.A.

2

.750

01/11/26

2,271,875‌

5,705,000

Bank

of

New

York

Mellon

Corp

4

.700

N/A‡

5,477,542‌

455,000

g

BBVA

Bancomer

S.A.

5

.350

11/12/29

443,976‌

3,350,000

g

BBVA

Bancomer

S.A.

5

.125

01/18/33

3,006,965‌

6,000,000

g

BNP

Paribas

S.A.

7

.750

N/A‡

5,925,000‌

7,868,000

Capital

One

Bank

USA

NA

3

.375

02/15/23

7,854,237‌

2,490,000

Capital

One

Financial

Corp

3

.750

03/09/27

2,366,024‌

5,490,000

e

Capital

One

Financial

Corp

3

.950

N/A‡

4,311,740‌

10,800,000

Charles

Schwab

Corp

5

.375

N/A‡

10,562,400‌

600,000

g

Compass

Group

Diversified

Holdings

LLC

5

.250

04/15/29

513,475‌

8,325,000

g

Credit

Suisse

Group

AG.

2

.193

06/05/26

7,110,313‌

4,950,000

g

Credit

Suisse

Group

AG.

1

.305

02/02/27

3,956,058‌

4,600,000

g

Credit

Suisse

Group

AG.

6

.442

08/11/28

4,189,202‌

3,950,000

Credit

Suisse

Group

Funding

Guernsey

Ltd

3

.800

06/09/23

3,846,313‌

1,650,000

Credit

Suisse

Group

Funding

Guernsey

Ltd

3

.750

03/26/25

1,485,065‌

4,050,000

Deutsche

Bank

AG.

5

.371

09/09/27

4,059,031‌

3,750,000

Deutsche

Bank

AG.

2

.311

11/16/27

3,179,559‌

5,000,000

Ford

Motor

Credit

Co

LLC

3

.664

09/08/24

4,763,800‌

1,400,000

Ford

Motor

Credit

Co

LLC

4

.000

11/13/30

1,149,176‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

157

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

2,000,000

Ford

Motor

Credit

Co

LLC

3

.625

%

06/17/31

$

1,571,116‌

4,390,000

General

Motors

Financial

Co,

Inc

2

.750

06/20/25

4,109,474‌

10,900,000

General

Motors

Financial

Co,

Inc

5

.000

04/09/27

10,558,488‌

25,250,000

General

Motors

Financial

Co,

Inc

2

.700

06/10/31

19,345,930‌

3,450,000

General

Motors

Financial

Co,

Inc

5

.700

N/A‡

2,919,994‌

2,000,000

e

General

Motors

Financial

Co,

Inc

5

.750

N/A‡

1,683,793‌

11,270,000

Goldman

Sachs

Group,

Inc

3

.625

02/20/24

11,074,956‌

5,277,000

Goldman

Sachs

Group,

Inc

3

.500

04/01/25

5,074,587‌

5,875,000

Goldman

Sachs

Group,

Inc

1

.093

12/09/26

5,178,966‌

19,600,000

Goldman

Sachs

Group,

Inc

4

.482

08/23/28

18,784,924‌

7,410,000

Goldman

Sachs

Group,

Inc

1

.992

01/27/32

5,645,061‌

7,300,000

Goldman

Sachs

Group,

Inc

2

.615

04/22/32

5,821,683‌

360,000

Goldman

Sachs

Group,

Inc

6

.750

10/01/37

384,128‌

1,900,000

Goldman

Sachs

Group,

Inc

4

.017

10/31/38

1,562,115‌

4,875,000

Goldman

Sachs

Group,

Inc

3

.210

04/22/42

3,511,490‌

725,000

Goldman

Sachs

Group,

Inc

3

.436

02/24/43

532,712‌

500,000

Icahn

Enterprises

LP

4

.750

09/15/24

479,376‌

925,000

Icahn

Enterprises

LP

5

.250

05/15/27

846,930‌

3,800,000

Icahn

Enterprises

LP

4

.375

02/01/29

3,213,470‌

1,100,000

g

Indian

Railway

Finance

Corp

Ltd

3

.249

02/13/30

947,028‌

7,400,000

g

Indian

Railway

Finance

Corp

Ltd

2

.800

02/10/31

6,043,926‌

8,000,000

ING

GROEP

NV

6

.500

N/A‡

7,563,905‌

475,000

Legg

Mason,

Inc

3

.950

07/15/24

465,102‌

3,425,000

g

LPL

Holdings,

Inc

4

.000

03/15/29

2,980,093‌

2,500,000

g

Minejesa

Capital

BV

5

.625

08/10/37

1,946,264‌

1,040,000

Morgan

Stanley

4

.000

07/23/25

1,015,550‌

4,444,000

Morgan

Stanley

2

.188

04/28/26

4,129,655‌

11,950,000

Morgan

Stanley

3

.125

07/27/26

11,146,623‌

2,720,000

Morgan

Stanley

0

.985

12/10/26

2,383,307‌

685,000

Morgan

Stanley

3

.950

04/23/27

646,909‌

9,875,000

Morgan

Stanley

1

.512

07/20/27

8,569,406‌

15,120,000

Morgan

Stanley

2

.699

01/22/31

12,494,362‌

1,905,000

Morgan

Stanley

1

.794

02/13/32

1,431,722‌

75,000

Morgan

Stanley

1

.928

04/28/32

56,589‌

5,000,000

Navient

Corp

5

.000

03/15/27

4,377,065‌

2,000,000

Northern

Trust

Corp

4

.600

N/A‡

1,752,751‌

1,345,000

OneMain

Finance

Corp

3

.500

01/15/27

1,113,620‌

5,000,000

OneMain

Finance

Corp

4

.000

09/15/30

3,730,698‌

2,975,000

g

Power

Finance

Corp

Ltd

3

.950

04/23/30

2,603,897‌

1,625,000

g

REC

Ltd

4

.750

05/19/23

1,617,216‌

2,000,000

g

Rocket

Mortgage

LLC

4

.000

10/15/33

1,493,720‌

1,375,000

e,g

S&P

Global,

Inc

4

.250

05/01/29

1,312,432‌

2,070,000

g

Societe

Generale

S.A.

1

.375

07/08/25

1,876,442‌

3,500,000

g

Societe

Generale

S.A.

4

.027

01/21/43

2,368,235‌

550,000

Springleaf

Finance

Corp

5

.375

11/15/29

449,845‌

550,000

State

Street

Corp

3

.300

12/16/24

536,767‌

11,300,000

g

Swiss

Re

Finance

Luxembourg

SA

5

.000

04/02/49

10,404,362‌

6,500,000

g

UBS

Group

AG

7

.000

N/A‡

6,394,852‌

650,000

Voya

Financial,

Inc

5

.700

07/15/43

602,442‌

TOTAL

DIVERSIFIED

FINANCIALS

314,867,272‌

ENERGY

-

3

.5

%

2,500,000

g

Antero

Midstream

Partners

LP

5

.750

01/15/28

2,319,025‌

1,875,000

g

Archrock

Partners

LP

6

.250

04/01/28

1,715,648‌

2,770,000

Canadian

Natural

Resources

Ltd

2

.950

07/15/30

2,334,011‌

875,000

Cenovus

Energy,

Inc

2

.650

01/15/32

698,598‌

3,980,000

Cenovus

Energy,

Inc

5

.400

06/15/47

3,559,860‌

2,000,000

g

Cosan

Ltd

5

.500

09/20/29

1,882,500‌

3,750,000

Diamondback

Energy,

Inc

3

.125

03/24/31

3,105,229‌

2,625,000

Diamondback

Energy,

Inc

4

.250

03/15/52

1,920,636‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

158

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

1,790,000

g

DT

Midstream,

Inc

4

.125

%

06/15/29

$

1,537,807‌

1,490,000

g

DT

Midstream,

Inc

4

.375

06/15/31

1,249,961‌

5,000,000

Ecopetrol

S.A.

5

.375

06/26/26

4,715,750‌

1,050,000

Ecopetrol

S.A.

6

.875

04/29/30

952,174‌

2,275,000

Ecopetrol

S.A.

4

.625

11/02/31

1,737,736‌

2,675,000

g

Empresa

Nacional

del

Petroleo

3

.450

09/16/31

2,248,970‌

1,960,000

Enbridge,

Inc

2

.500

08/01/33

1,507,495‌

10,350,000

Enbridge,

Inc

5

.750

07/15/80

9,358,655‌

2,424,000

g

Energean

Israel

Finance

Ltd

4

.875

03/30/26

2,223,292‌

8,600,000

Energy

Transfer

LP

5

.750

02/15/33

8,413,896‌

2,440,000

Energy

Transfer

Operating

LP

2

.900

05/15/25

2,297,857‌

2,675,000

Energy

Transfer

Operating

LP

4

.750

01/15/26

2,605,499‌

1,670,000

Energy

Transfer

Operating

LP

5

.500

06/01/27

1,658,141‌

8,000,000

Energy

Transfer

Operating

LP

5

.250

04/15/29

7,735,648‌

1,235,000

Energy

Transfer

Operating

LP

3

.750

05/15/30

1,088,882‌

4,100,000

Energy

Transfer

Operating

LP

6

.250

04/15/49

3,812,485‌

4,625,000

Energy

Transfer

Operating

LP

5

.000

05/15/50

3,695,055‌

500,000

g

EnLink

Midstream

LLC

5

.625

01/15/28

476,249‌

745,000

g

EnLink

Midstream

LLC

6

.500

09/01/30

737,326‌

1,250,000

Enterprise

Products

Operating

LLC

3

.700

02/15/26

1,204,731‌

3,707,000

Enterprise

Products

Operating

LLC

3

.125

07/31/29

3,263,819‌

900,000

Enterprise

Products

Operating

LLC

2

.800

01/31/30

764,572‌

1,425,000

Enterprise

Products

Operating

LLC

4

.250

02/15/48

1,143,439‌

2,300,000

Enterprise

Products

Operating

LLC

4

.200

01/31/50

1,808,424‌

7,350,000

Enterprise

Products

Operating

LLC

3

.700

01/31/51

5,298,577‌

4,575,000

Enterprise

Products

Operating

LLC

3

.200

02/15/52

2,997,753‌

6,575,000

Enterprise

Products

Operating

LLC

3

.300

02/15/53

4,373,571‌

276,000

g

EQM

Midstream

Partners

LP

6

.000

07/01/25

266,339‌

1,900,000

g

EQM

Midstream

Partners

LP

4

.500

01/15/29

1,595,861‌

850,000

g

EQT

Corp

3

.125

05/15/26

781,180‌

3,081,892

g

Galaxy

Pipeline

Assets

Bidco

Ltd

2

.160

03/31/34

2,617,007‌

2,750,000

g

Galaxy

Pipeline

Assets

Bidco

Ltd

2

.625

03/31/36

2,209,058‌

1,100,000

Genesis

Energy

LP

6

.500

10/01/25

1,051,281‌

1,450,000

g

Hilcorp

Energy

I

LP

5

.750

02/01/29

1,290,597‌

1,450,000

g

Hilcorp

Energy

I

LP

6

.000

02/01/31

1,250,710‌

475,000

g

Holly

Energy

Partners

LP

6

.375

04/15/27

466,684‌

1,200,000

g

KazMunayGas

National

Co

JSC

5

.375

04/24/30

1,075,477‌

3,500,000

g

KazMunayGas

National

Co

JSC

3

.500

04/14/33

2,597,000‌

3,700,000

Kinder

Morgan

Energy

Partners

LP

5

.800

03/15/35

3,614,192‌

1,250,000

Kinder

Morgan

Energy

Partners

LP

5

.400

09/01/44

1,123,129‌

1,325,000

g

Kosmos

Energy

Ltd

7

.750

05/01/27

1,104,792‌

2,525,000

g

Leviathan

Bond

Ltd

6

.125

06/30/25

2,465,031‌

5,000,000

Marathon

Petroleum

Corp

4

.700

05/01/25

4,923,548‌

13,040,000

Marathon

Petroleum

Corp

3

.800

04/01/28

12,063,742‌

1,000,000

Marathon

Petroleum

Corp

4

.750

09/15/44

834,998‌

2,750,000

Marathon

Petroleum

Corp

5

.000

09/15/54

2,294,820‌

5,000,000

g

MEG

Energy

Corp

5

.875

02/01/29

4,715,125‌

4,475,000

MPLX

LP

1

.750

03/01/26

3,988,881‌

16,235,000

MPLX

LP

2

.650

08/15/30

13,156,802‌

2,935,000

MPLX

LP

4

.700

04/15/48

2,316,102‌

642,000

Murphy

Oil

Corp

5

.875

12/01/27

617,790‌

1,200,000

†,q

NAK

Naftogaz

Ukraine

via

Kondor

Finance

plc

7

.375

07/19/24

186,000‌

7,735,000

g

Northern

Natural

Gas

Co

3

.400

10/16/51

5,214,482‌

325,000

Occidental

Petroleum

Corp

5

.500

12/01/25

323,898‌

475,000

Occidental

Petroleum

Corp

5

.550

03/15/26

473,219‌

5,000,000

e

Occidental

Petroleum

Corp

3

.500

08/15/29

4,476,550‌

2,000,000

Occidental

Petroleum

Corp

6

.600

03/15/46

2,057,980‌

1,450,000

g

Oleoducto

Central

S.A.

4

.000

07/14/27

1,279,187‌

1,025,000

ONEOK,

Inc

4

.000

07/13/27

964,327‌

6,030,000

ONEOK,

Inc

4

.550

07/15/28

5,691,169‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

159

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

7,750,000

ONEOK,

Inc

4

.350

%

03/15/29

$

7,162,486‌

3,920,000

ONEOK,

Inc

3

.400

09/01/29

3,387,894‌

7,750,000

ONEOK,

Inc

4

.500

03/15/50

5,770,786‌

2,000,000

g

Parkland

Corp

4

.500

10/01/29

1,666,533‌

1,260,000

g

Parkland

Corp

4

.625

05/01/30

1,042,650‌

6,200,000

g

Pertamina

Persero

PT

1

.400

02/09/26

5,526,513‌

850,000

g

Pertamina

Persero

PT

3

.650

07/30/29

778,264‌

1,667,000

e

Petrobras

Global

Finance

BV

5

.999

01/27/28

1,657,165‌

2,000,000

Petrobras

Global

Finance

BV

6

.900

03/19/49

1,794,960‌

767,000

g

Petroleos

del

Peru

S.A.

4

.750

06/19/32

592,814‌

2,700,000

Petroleos

Mexicanos

5

.950

01/28/31

2,043,490‌

6,244,000

Petroleos

Mexicanos

6

.700

02/16/32

4,903,082‌

3,000,000

Petroleos

Mexicanos

7

.690

01/23/50

2,075,696‌

2,950,000

g

Petronas

Energy

Canada

Ltd

2

.112

03/23/28

2,577,396‌

15,790,000

Phillips

66

2

.150

12/15/30

12,642,671‌

2,400,000

Phillips

66

3

.300

03/15/52

1,656,085‌

860,000

g

Phillips

66

Co

3

.150

12/15/29

750,240‌

775,000

g

Phillips

66

Co

4

.680

02/15/45

671,668‌

5,300,000

g

Qatar

Petroleum

2

.250

07/12/31

4,384,903‌

654,000

Regency

Energy

Partners

LP

4

.500

11/01/23

649,217‌

1,150,000

g

S.A.

Global

Sukuk

Ltd

0

.946

06/17/24

1,080,683‌

8,670,000

Sabine

Pass

Liquefaction

LLC

5

.875

06/30/26

8,772,668‌

6,125,000

Sabine

Pass

Liquefaction

LLC

4

.200

03/15/28

5,757,322‌

6,365,000

Sabine

Pass

Liquefaction

LLC

4

.500

05/15/30

5,899,825‌

1,825,000

g

Santos

Finance

Ltd

3

.649

04/29/31

1,450,619‌

3,175,000

g

Saudi

Arabian

Oil

Co

2

.250

11/24/30

2,612,720‌

1,365,000

Shell

International

Finance

BV

3

.125

11/07/49

959,272‌

1,975,000

Sunoco

Logistics

Partners

Operations

LP

4

.000

10/01/27

1,843,224‌

450,000

Sunoco

Logistics

Partners

Operations

LP

5

.400

10/01/47

381,176‌

1,150,000

Sunoco

LP

4

.500

05/15/29

1,005,905‌

2,525,000

Targa

Resources

Corp

4

.200

02/01/33

2,172,418‌

2,500,000

Targa

Resources

Corp

4

.950

04/15/52

1,977,763‌

300,000

Targa

Resources

Partners

LP

6

.500

07/15/27

301,902‌

1,000,000

Targa

Resources

Partners

LP

4

.000

01/15/32

841,390‌

4,000,000

g

Thaioil

Treasury

Center

Co

Ltd

2

.500

06/18/30

3,122,145‌

1,450,000

Total

Capital

International

S.A.

2

.986

06/29/41

1,080,131‌

5,550,000

Total

Capital

International

S.A.

3

.127

05/29/50

3,919,499‌

8,245,000

TransCanada

PipeLines

Ltd

4

.250

05/15/28

7,804,781‌

7,000,000

TransCanada

PipeLines

Ltd

2

.500

10/12/31

5,558,208‌

7,835,000

TransCanada

Trust

5

.500

09/15/79

6,763,327‌

887,000

g

Tullow

Oil

plc

10

.250

05/15/26

711,374‌

1,260,000

USA

Compression

Partners

LP

6

.875

04/01/26

1,208,705‌

500,000

USA

Compression

Partners

LP

6

.875

09/01/27

467,500‌

7,050,000

Williams

Cos,

Inc

2

.600

03/15/31

5,705,234‌

850,000

Williams

Partners

LP

3

.750

06/15/27

800,065‌

TOTAL

ENERGY

319,462,598‌

FOOD

&

STAPLES

RETAILING

-

0

.2

%

3,975,000

Costco

Wholesale

Corp

1

.600

04/20/30

3,256,585‌

3,000,000

Kroger

Co

3

.875

10/15/46

2,292,319‌

730,000

SYSCO

Corp

3

.750

10/01/25

706,387‌

3,700,000

SYSCO

Corp

3

.150

12/14/51

2,432,173‌

3,600,000

Walmart,

Inc

1

.050

09/17/26

3,188,030‌

294,000

Walmart,

Inc

2

.375

09/24/29

257,429‌

5,155,000

Walmart,

Inc

1

.800

09/22/31

4,195,230‌

3,900,000

Walmart,

Inc

2

.500

09/22/41

2,845,259‌

TOTAL

FOOD

&

STAPLES

RETAILING

19,173,412‌

FOOD,

BEVERAGE

&

TOBACCO

-

1

.1

%

3,100,000

g

Anadolu

Efes

Biracilik

Ve

Malt

Sanayii

AS.

3

.375

06/29/28

2,398,386‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

160

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOOD,

BEVERAGE

&

TOBACCO—continued

$

10,260,000

Anheuser-Busch

InBev

Worldwide,

Inc

4

.750

%

01/23/29

$

10,127,568‌

1,260,000

Anheuser-Busch

InBev

Worldwide,

Inc

4

.439

10/06/48

1,076,074‌

3,150,000

BAT

Capital

Corp

2

.259

03/25/28

2,614,256‌

6,075,000

BAT

Capital

Corp

4

.906

04/02/30

5,562,136‌

12,520,000

BAT

Capital

Corp

2

.726

03/25/31

9,768,320‌

1,850,000

BAT

Capital

Corp

4

.742

03/16/32

1,641,550‌

7,200,000

BAT

International

Finance

plc

4

.448

03/16/28

6,668,361‌

1,775,000

g

BRF

S.A.

4

.875

01/24/30

1,496,940‌

2,000,000

g

BRF

S.A.

5

.750

09/21/50

1,427,360‌

3,250,000

g

Cia

Cervecerias

Unidas

S.A.

3

.350

01/19/32

2,741,115‌

1,830,000

g

CNTL

AMR

BOTTLING

CORP

5

.250

04/27/29

1,705,963‌

3,000,000

g

Coca-Cola

Icecek

AS.

4

.500

01/20/29

2,617,684‌

750,000

Constellation

Brands,

Inc

4

.400

11/15/25

737,095‌

2,775,000

Constellation

Brands,

Inc

3

.700

12/06/26

2,638,714‌

1,150,000

Constellation

Brands,

Inc

3

.150

08/01/29

1,007,809‌

4,540,000

Constellation

Brands,

Inc

2

.875

05/01/30

3,864,721‌

13,700,000

Constellation

Brands,

Inc

2

.250

08/01/31

10,883,207‌

2,750,000

Diageo

Capital

plc

2

.125

10/24/24

2,608,586‌

2,320,000

Diageo

Capital

plc

1

.375

09/29/25

2,127,215‌

4,075,000

Diageo

Capital

plc

2

.375

10/24/29

3,476,362‌

1,950,000

Diageo

Capital

plc

2

.000

04/29/30

1,601,698‌

1,875,000

g

Embotelladora

Andina

S.A.

3

.950

01/21/50

1,385,463‌

2,000,000

g

Grupo

Bimbo

SAB

de

C.V.

4

.700

11/10/47

1,689,007‌

2,000,000

g

NBM

US

Holdings,

Inc

6

.625

08/06/29

1,931,559‌

200,000

Philip

Morris

International,

Inc

6

.375

05/16/38

212,894‌

5,500,000

g

Primo

Water

Holdings,

Inc

4

.375

04/30/29

4,749,753‌

3,250,000

g

Sigma

Alimentos

S.A.

de

C.V.

4

.125

05/02/26

3,079,383‌

6,325,000

g

Ulker

Biskuvi

Sanayi

AS.

6

.950

10/30/25

5,306,548‌

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

97,145,727‌

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

1

.5

%

1,200,000

Abbott

Laboratories

5

.300

05/27/40

1,220,691‌

980,000

Advocate

Health

&

Hospitals

Corp

3

.008

06/15/50

654,913‌

9,160,000

Anthem,

Inc

2

.250

05/15/30

7,577,559‌

2,100,000

Boston

Scientific

Corp

2

.650

06/01/30

1,793,797‌

1,640,000

Centene

Corp

2

.450

07/15/28

1,384,242‌

8,310,000

Centene

Corp

3

.000

10/15/30

6,812,116‌

1,800,000

Children's

Hospital

Medic

4

.268

05/15/44

1,583,153‌

6,250,000

g

CHS/Community

Health

Systems,

Inc

5

.250

05/15/30

4,712,732‌

2,550,000

Cigna

Corp

3

.200

03/15/40

1,923,851‌

495,000

CVS

Health

Corp

3

.875

07/20/25

483,034‌

11,250,000

CVS

Health

Corp

3

.750

04/01/30

10,199,957‌

27,225,000

CVS

Health

Corp

1

.750

08/21/30

21,455,780‌

9,180,000

CVS

Health

Corp

1

.875

02/28/31

7,200,823‌

2,250,000

CVS

Health

Corp

4

.780

03/25/38

2,049,602‌

3,635,000

CVS

Health

Corp

2

.700

08/21/40

2,511,311‌

4,750,000

CVS

Health

Corp

5

.050

03/25/48

4,263,338‌

1,900,000

CVS

Health

Corp

4

.250

04/01/50

1,512,238‌

1,370,000

Dartmouth-Hitchcock

Health

4

.178

08/01/48

1,069,024‌

425,000

Hackensack

Meridian

Health,

Inc

2

.875

09/01/50

274,722‌

1,000,000

HCA,

Inc

5

.375

02/01/25

998,789‌

2,815,000

HCA,

Inc

5

.625

09/01/28

2,799,045‌

5,000,000

HCA,

Inc

3

.500

09/01/30

4,312,381‌

3,475,000

g

HCA,

Inc

3

.625

03/15/32

2,940,384‌

1,900,000

HCA,

Inc

5

.500

06/15/47

1,687,430‌

4,600,000

g

HCA,

Inc

4

.625

03/15/52

3,580,160‌

3,500,000

g

Hologic,

Inc

3

.250

02/15/29

3,005,438‌

1,875,000

Humana,

Inc

3

.950

03/15/27

1,797,353‌

10,100,000

Humana,

Inc

2

.150

02/03/32

7,881,356‌

3,700,000

g

MPH

Acquisition

Holdings

LLC

5

.500

09/01/28

2,886,370‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

161

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

HEALTH

CARE

EQUIPMENT

&

SERVICES—continued

$

3,375,000

MPT

Operating

Partnership

LP

3

.500

%

03/15/31

$

2,313,507‌

225,000

g

Tenet

Healthcare

Corp

4

.625

06/15/28

201,317‌

5,400,000

e,g

Tenet

Healthcare

Corp

6

.125

10/01/28

4,834,728‌

2,500,000

g

Tenet

Healthcare

Corp

4

.250

06/01/29

2,165,750‌

3,200,000

g

Tenet

Healthcare

Corp

4

.375

01/15/30

2,769,808‌

1,525,000

UnitedHealth

Group,

Inc

2

.950

10/15/27

1,411,793‌

3,700,000

UnitedHealth

Group,

Inc

2

.000

05/15/30

3,052,790‌

6,185,000

UnitedHealth

Group,

Inc

2

.300

05/15/31

5,154,322‌

1,375,000

UnitedHealth

Group,

Inc

3

.750

10/15/47

1,093,329‌

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

133,568,933‌

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0

.1

%

1,425,000

Church

&

Dwight

Co,

Inc

2

.300

12/15/31

1,141,604‌

3,100,000

Church

&

Dwight

Co,

Inc

5

.000

06/15/52

2,899,027‌

900,000

Colgate-Palmolive

Co

3

.250

08/15/32

812,197‌

2,250,000

g

Natura

Cosmeticos

S.A.

4

.125

05/03/28

1,836,022‌

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

6,688,850‌

INSURANCE

-

1

.0

%

2,550,000

g

Acrisure

LLC

4

.250

02/15/29

2,104,806‌

285,000

Aetna,

Inc

6

.625

06/15/36

302,752‌

131,000

Aflac,

Inc

6

.450

08/15/40

134,126‌

3,000,000

g

AIA

Group

Ltd

3

.600

04/09/29

2,727,976‌

825,000

g

Alliant

Holdings

Intermediate

LLC

4

.250

10/15/27

738,893‌

325,000

g

AmWINS

Group,

Inc

4

.875

06/30/29

275,648‌

11,160,000

Aon

Corp

2

.800

05/15/30

9,517,547‌

2,790,000

Aon

plc

3

.500

06/14/24

2,723,010‌

4,500,000

AXIS

Specialty

Finance

LLC

4

.900

01/15/40

3,690,000‌

825,000

Berkshire

Hathaway

Finance

Corp

2

.875

03/15/32

714,686‌

1,500,000

Berkshire

Hathaway

Finance

Corp

4

.250

01/15/49

1,335,310‌

9,950,000

Berkshire

Hathaway

Finance

Corp

2

.850

10/15/50

6,645,427‌

1,100,000

CNA

Financial

Corp

3

.950

05/15/24

1,080,646‌

925,000

g

Equitable

Financial

Life

Global

Funding

1

.400

07/07/25

838,760‌

870,000

g

Equitable

Financial

Life

Global

Funding

1

.800

03/08/28

723,678‌

2,300,000

g

Five

Corners

Funding

Trust

4

.419

11/15/23

2,280,188‌

8,225,000

g

Five

Corners

Funding

Trust

II

2

.850

05/15/30

6,894,704‌

2,500,000

g

Hanwha

Life

Insurance

Co

Ltd

3

.379

02/04/32

2,076,336‌

15,431,000

Hartford

Financial

Services

Group,

Inc

2

.800

08/19/29

13,210,200‌

350,000

Hartford

Financial

Services

Group,

Inc

4

.300

04/15/43

279,855‌

1,400,000

Hartford

Financial

Services

Group,

Inc

2

.900

09/15/51

880,009‌

1,450,000

g

Liberty

Mutual

Group,

Inc

3

.951

10/15/50

1,011,488‌

2,900,000

g

Liberty

Mutual

Group,

Inc

5

.500

06/15/52

2,601,900‌

600,000

MetLife,

Inc

3

.000

03/01/25

576,092‌

1,775,000

MetLife,

Inc

3

.600

11/13/25

1,724,669‌

1,025,000

MetLife,

Inc

5

.000

07/15/52

975,748‌

5,870,000

MetLife,

Inc

3

.850

N/A‡

5,451,762‌

10,175,000

PartnerRe

Finance

B

LLC

4

.500

10/01/50

8,804,419‌

3,500,000

Principal

Financial

Group,

Inc

2

.125

06/15/30

2,867,725‌

3,700,000

g

Protective

Life

Global

Funding

0

.781

07/05/24

3,451,222‌

2,000,000

Prudential

Financial,

Inc

3

.905

12/07/47

1,592,633‌

2,220,000

Reinsurance

Group

of

America,

Inc

3

.900

05/15/29

2,031,116‌

365,000

Willis

North

America,

Inc

3

.600

05/15/24

355,047‌

TOTAL

INSURANCE

90,618,378‌

MATERIALS

-

1

.5

%

4,375,000

e

Albemarle

Corp

4

.650

06/01/27

4,266,392‌

1,625,000

g

Alpek

SAB

de

C.V.

4

.250

09/18/29

1,474,687‌

7,535,000

Amcor

Flexibles

North

America,

Inc

2

.690

05/25/31

6,121,974‌

1,425,000

g

Anglo

American

Capital

plc

3

.875

03/16/29

1,279,345‌

2,300,000

g

Anglo

American

Capital

plc

2

.625

09/10/30

1,869,175‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

162

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MATERIALS—continued

$

4,300,000

AngloGold

Ashanti

Holdings

plc

3

.375

%

11/01/28

$

3,748,334‌

5,000,000

AngloGold

Ashanti

Holdings

plc

3

.750

10/01/30

4,336,672‌

1,778,000

e,g

Antofagasta

plc

2

.375

10/14/30

1,423,230‌

1,600,000

g

Antofagasta

plc

5

.625

05/13/32

1,569,272‌

3,225,000

g

Ardagh

Metal

Packaging

Finance

USA

LLC

3

.250

09/01/28

2,739,461‌

3,570,000

Ball

Corp

6

.875

03/15/28

3,666,997‌

1,850,000

Ball

Corp

2

.875

08/15/30

1,476,522‌

370,000

Bemis

Co,

Inc

3

.100

09/15/26

343,098‌

2,725,000

Bemis

Co,

Inc

2

.630

06/19/30

2,217,428‌

10,105,000

Berry

Global,

Inc

1

.570

01/15/26

9,001,693‌

6,100,000

Berry

Global,

Inc

1

.650

01/15/27

5,217,154‌

1,140,000

e,g

CANPACK

S.A.

3

.125

11/01/25

998,845‌

2,500,000

g

Celulosa

Arauco

y

Constitucion

S.A.

4

.250

04/30/29

2,335,486‌

1,325,000

g

Celulosa

Arauco

y

Constitucion

S.A.

4

.200

01/29/30

1,235,288‌

1,325,000

g

Cemex

SAB

de

C.V.

5

.450

11/19/29

1,271,993‌

1,500,000

Commercial

Metals

Co

4

.125

01/15/30

1,327,285‌

2,725,000

e,g

Constellium

SE

3

.750

04/15/29

2,213,892‌

3,000,000

g

Corp

Nacional

del

Cobre

de

Chile

3

.000

09/30/29

2,620,363‌

2,000,000

g

Corp

Nacional

del

Cobre

de

Chile

3

.150

01/14/30

1,765,162‌

1,500,000

g

Corp

Nacional

del

Cobre

de

Chile

3

.150

01/15/51

1,043,203‌

265,000

DowDuPont,

Inc

4

.493

11/15/25

260,588‌

1,140,000

DowDuPont,

Inc

4

.725

11/15/28

1,124,088‌

5,000,000

g

FMG

Resources

August

2006

Pty

Ltd

5

.875

04/15/30

4,657,638‌

800,000

g

Freeport

Indonesia

PT

4

.763

04/14/27

768,000‌

1,860,000

g

Freeport

Indonesia

PT

5

.315

04/14/32

1,706,056‌

2,400,000

Freeport-McMoRan,

Inc

5

.450

03/15/43

2,164,896‌

1,500,000

g

Fresnillo

plc

4

.250

10/02/50

1,180,904‌

1,975,000

g

GCC

SAB

de

C.V.

3

.614

04/20/32

1,643,668‌

1,250,000

g

Gold

Fields

Orogen

Holdings

BVI

Ltd

6

.125

05/15/29

1,263,203‌

187,000

e

International

Paper

Co

4

.350

08/15/48

156,053‌

3,000,000

g

Inversiones

CMPC

S.A.

4

.375

04/04/27

2,898,700‌

4,900,000

g

Inversiones

CMPC

S.A.

3

.000

04/06/31

4,101,471‌

675,000

g

James

Hardie

International

Finance

DAC

5

.000

01/15/28

619,312‌

710,000

g

Midwest

Connector

Capital

Co

LLC

4

.625

04/01/29

641,411‌

2,000,000

g

Mineral

Resources

Ltd

8

.000

11/01/27

2,045,040‌

1,600,000

Mosaic

Co

4

.875

11/15/41

1,356,076‌

3,390,000

e

Newmont

Corp

2

.600

07/15/32

2,698,818‌

2,900,000

g

Nova

Chemicals

Corp

4

.875

06/01/24

2,805,739‌

6,350,000

Nutrien

Ltd

2

.950

05/13/30

5,440,159‌

1,920,000

g

OCI

NV

4

.625

10/15/25

1,819,333‌

1,600,000

g

OCP

S.A.

3

.750

06/23/31

1,340,122‌

2,000,000

Olin

Corp

5

.125

09/15/27

1,890,000‌

2,000,000

g

Orbia

Advance

Corp

SAB

de

C.V.

1

.875

05/11/26

1,727,500‌

480,000

Packaging

Corp

of

America

3

.650

09/15/24

467,642‌

375,000

g

PolyOne

Corp

5

.750

05/15/25

365,625‌

1,750,000

e

Sasol

Financing

USA

LLC

4

.375

09/18/26

1,547,118‌

2,000,000

g

Sociedad

Quimica

y

Minera

de

Chile

S.A.

4

.250

05/07/29

1,920,000‌

2,500,000

e,g

Sociedad

Quimica

y

Minera

de

Chile

S.A.

3

.500

09/10/51

1,838,594‌

2,400,000

Suzano

Austria

GmbH

3

.750

01/15/31

2,013,424‌

5,000,000

Suzano

Austria

GmbH

3

.125

01/15/32

3,898,020‌

4,070,000

g

Tronox,

Inc

4

.625

03/15/29

3,383,187‌

3,675,000

g

UltraTech

Cement

Ltd

2

.800

02/16/31

2,920,905‌

815,000

g

Unifrax

Escrow

Issuer

Corp

5

.250

09/30/28

655,803‌

2,400,000

WRKCo,

Inc

4

.900

03/15/29

2,304,201‌

3,950,000

WRKCo,

Inc

3

.000

06/15/33

3,136,930‌

TOTAL

MATERIALS

134,323,175‌

MEDIA

&

ENTERTAINMENT

-

1

.8

%

2,675,000

Activision

Blizzard,

Inc

3

.400

09/15/26

2,548,224‌

1,850,000

Activision

Blizzard,

Inc

1

.350

09/15/30

1,445,643‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

163

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MEDIA

&

ENTERTAINMENT—continued

$

4,782,502

g

Alfa

Desarrollo

S.p.A

4

.550

%

09/27/51

$

3,632,937‌

3,315,000

g

Arches

Buyer,

Inc

4

.250

06/01/28

2,592,666‌

2,030,000

Baidu,

Inc

1

.625

02/23/27

1,736,930‌

3,100,000

g

BOC

Aviation

USA

Corp

1

.625

04/29/24

2,942,446‌

1,575,000

g

Cable

Onda

S.A.

4

.500

01/30/30

1,414,744‌

4,900,000

g

CCO

Holdings

LLC

5

.125

05/01/27

4,567,143‌

2,500,000

g

CCO

Holdings

LLC

4

.500

08/15/30

2,065,387‌

5,000,000

g

CCO

Holdings

LLC

4

.250

02/01/31

4,010,575‌

7,750,000

Charter

Communications

Operating

LLC

2

.800

04/01/31

6,033,435‌

5,000,000

Charter

Communications

Operating

LLC

3

.500

03/01/42

3,203,783‌

2,400,000

Charter

Communications

Operating

LLC

5

.125

07/01/49

1,814,789‌

15,750,000

Charter

Communications

Operating

LLC

4

.800

03/01/50

11,433,698‌

9,680,000

Charter

Communications

Operating

LLC

3

.700

04/01/51

5,886,096‌

3,700,000

Comcast

Corp

4

.150

10/15/28

3,548,104‌

15,975,000

Comcast

Corp

1

.500

02/15/31

12,438,145‌

4,525,000

Comcast

Corp

3

.200

07/15/36

3,668,170‌

1,000,000

Comcast

Corp

3

.900

03/01/38

861,765‌

21,258,000

Comcast

Corp

2

.887

11/01/51

13,652,843‌

10,186,000

Comcast

Corp

2

.937

11/01/56

6,299,280‌

4,100,000

g

CSC

Holdings

LLC

5

.500

04/15/27

3,439,393‌

5,000,000

g

CSC

Holdings

LLC

3

.375

02/15/31

3,260,676‌

1,225,000

g

CT

Trust

5

.125

02/03/32

1,075,663‌

985,000

g

DIRECTV

Holdings

LLC

5

.875

08/15/27

881,240‌

760,000

Discovery

Communications

LLC

4

.875

04/01/43

567,944‌

1,450,000

DISH

DBS

Corp

5

.000

03/15/23

1,443,337‌

1,300,000

g

Electricidad

Firme

de

Mexico

Holdings

S.A.

de

C.V.

4

.900

11/20/26

1,142,375‌

1,950,000

g

Empresa

de

los

Ferrocarriles

del

Estado

3

.068

08/18/50

1,218,703‌

2,375,000

g

ENN

Clean

Energy

International

Investment

Ltd

3

.375

05/12/26

2,069,480‌

5,500,000

g

Genm

Capital

Labuan

Ltd

3

.882

04/19/31

4,095,009‌

2,985,000

Grupo

Televisa

SAB

6

.625

01/15/40

3,066,944‌

3,300,000

GSK

Consumer

Healthcare

Capital

US

LLC

3

.375

03/24/27

3,072,154‌

5,300,000

GSK

Consumer

Healthcare

Capital

US

LLC

3

.625

03/24/32

4,652,755‌

650,000

Lamar

Media

Corp

3

.750

02/15/28

581,819‌

2,000,000

Lamar

Media

Corp

4

.875

01/15/29

1,836,354‌

1,000,000

Lamar

Media

Corp

4

.000

02/15/30

874,000‌

1,675,000

Lamar

Media

Corp

3

.625

01/15/31

1,384,769‌

1,275,000

g

LCPR

Senior

Secured

Financing

DAC

5

.125

07/15/29

1,056,220‌

2,600,000

g

Magallanes,

Inc

4

.279

03/15/32

2,141,788‌

11,175,000

g

Magallanes,

Inc

5

.050

03/15/42

8,549,794‌

1,000,000

g

Medco

Laurel

Tree

Pte

Ltd

6

.950

11/12/28

885,479‌

2,645,000

g

Mexico

Remittances

Funding

Fiduciary

Estate

Management

Sarl

4

.875

01/15/28

2,354,050‌

3,260,000

g

Misc

Capital

Two

Labuan

Ltd

3

.750

04/06/27

2,953,826‌

825,000

g

News

Corp

3

.875

05/15/29

715,597‌

800,000

Paramount

Global

3

.375

02/15/28

709,952‌

1,100,000

g

POSCO

4

.500

08/04/27

1,032,644‌

2,725,000

g

Sirius

XM

Radio,

Inc

4

.000

07/15/28

2,371,568‌

1,575,000

g

Sirius

XM

Radio,

Inc

4

.125

07/01/30

1,299,706‌

250,000

Time

Warner

Cable

LLC

5

.875

11/15/40

217,807‌

1,275,000

g

Univision

Communications,

Inc

4

.500

05/01/29

1,066,232‌

725,000

g

Univision

Communications,

Inc

7

.375

06/30/30

692,883‌

2,000,000

g

UPC

Broadband

Finco

BV

4

.875

07/15/31

1,663,590‌

1,770,000

ViacomCBS,

Inc

4

.375

03/15/43

1,218,832‌

200,000

ViacomCBS,

Inc

5

.850

09/01/43

166,077‌

110,000

Walt

Disney

Co

7

.625

11/30/28

124,101‌

85,000

Walt

Disney

Co

6

.550

03/15/33

93,790‌

2,325,000

Weibo

Corp

3

.375

07/08/30

1,806,246‌

TOTAL

MEDIA

&

ENTERTAINMENT

161,579,600‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

164

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

0

.9

%

$

1,550,000

AbbVie,

Inc

2

.850

%

05/14/23

$

1,538,780‌

12,900,000

AbbVie,

Inc

3

.800

03/15/25

12,572,463‌

16,975,000

AbbVie,

Inc

4

.050

11/21/39

14,529,739‌

2,325,000

AstraZeneca

Finance

LLC

1

.200

05/28/26

2,069,973‌

1,050,000

AstraZeneca

Finance

LLC

2

.250

05/28/31

873,391‌

12,000,000

AstraZeneca

plc

1

.375

08/06/30

9,480,315‌

1,500,000

g

Avantor

Funding,

Inc

4

.625

07/15/28

1,362,960‌

2,040,000

g

Avantor

Funding,

Inc

3

.875

11/01/29

1,713,090‌

3,150,000

Bristol-Myers

Squibb

Co

2

.350

11/13/40

2,165,732‌

3,050,000

Bristol-Myers

Squibb

Co

3

.550

03/15/42

2,475,527‌

1,065,000

Danaher

Corp

2

.800

12/10/51

703,710‌

635,000

Gilead

Sciences,

Inc

4

.000

09/01/36

559,726‌

5,830,000

Gilead

Sciences,

Inc

2

.800

10/01/50

3,727,322‌

1,250,000

Johnson

&

Johnson

3

.400

01/15/38

1,060,957‌

2,250,000

Merck

&

Co,

Inc

2

.750

12/10/51

1,503,313‌

4,075,000

Mylan,

Inc

4

.550

04/15/28

3,769,697‌

2,500,000

g

Organon

Finance  LLC

4

.125

04/30/28

2,213,500‌

5,650,000

g

Organon

Finance  LLC

5

.125

04/30/31

4,892,223‌

11,155,000

Takeda

Pharmaceutical

Co

Ltd

2

.050

03/31/30

9,105,261‌

1,000,000

Takeda

Pharmaceutical

Co

Ltd

3

.025

07/09/40

733,857‌

1,544,000

Teva

Pharmaceutical

Finance

Netherlands

III

BV

2

.800

07/21/23

1,509,260‌

3,500,000

Teva

Pharmaceutical

Finance

Netherlands

III

BV

3

.150

10/01/26

3,060,750‌

695,000

Teva

Pharmaceutical

Finance

Netherlands

III

BV

4

.750

05/09/27

628,210‌

2,940,000

Viatris,

Inc

1

.650

06/22/25

2,662,736‌

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

84,912,492‌

REAL

ESTATE

-

2

.0

%

6,850,000

Agree

LP

2

.000

06/15/28

5,608,993‌

5,450,000

Alexandria

Real

Estate

Equities,

Inc

3

.450

04/30/25

5,270,623‌

450,000

Alexandria

Real

Estate

Equities,

Inc

3

.950

01/15/27

429,927‌

675,000

e

Alexandria

Real

Estate

Equities,

Inc

3

.950

01/15/28

633,685‌

2,775,000

Alexandria

Real

Estate

Equities,

Inc

4

.900

12/15/30

2,703,453‌

1,900,000

Alexandria

Real

Estate

Equities,

Inc

1

.875

02/01/33

1,412,745‌

2,700,000

American

Tower

Corp

2

.950

01/15/25

2,575,142‌

600,000

American

Tower

Corp

3

.375

10/15/26

560,976‌

1,200,000

American

Tower

Corp

3

.600

01/15/28

1,102,896‌

5,370,000

American

Tower

Corp

1

.500

01/31/28

4,443,160‌

5,800,000

American

Tower

Corp

3

.800

08/15/29

5,261,605‌

6,950,000

American

Tower

Corp

2

.900

01/15/30

5,885,718‌

1,375,000

American

Tower

Corp

2

.100

06/15/30

1,088,376‌

890,000

American

Tower

Corp

1

.875

10/15/30

686,808‌

1,125,000

Brandywine

Operating

Partnership

LP

4

.100

10/01/24

1,070,453‌

2,225,000

Brixmor

Operating

Partnership

LP

3

.850

02/01/25

2,134,933‌

8,206,000

Brixmor

Operating

Partnership

LP

2

.250

04/01/28

6,771,940‌

1,700,000

Brixmor

Operating

Partnership

LP

2

.500

08/16/31

1,300,231‌

2,000,000

Camden

Property

Trust

4

.250

01/15/24

1,960,268‌

400,000

Crown

Castle

International

Corp

3

.650

09/01/27

371,535‌

7,625,000

Crown

Castle

International

Corp

2

.250

01/15/31

6,117,018‌

3,130,000

Crown

Castle

International

Corp

2

.100

04/01/31

2,466,889‌

2,900,000

CubeSmart

LP

2

.250

12/15/28

2,390,067‌

1,474,000

CubeSmart

LP

2

.000

02/15/31

1,110,459‌

1,525,000

e

Digital

Realty

Trust

LP

3

.600

07/01/29

1,362,107‌

7,735,000

Essential

Properties

LP

2

.950

07/15/31

5,624,310‌

5,000,000

Essex

Portfolio

LP

3

.875

05/01/24

4,895,521‌

3,200,000

Essex

Portfolio

LP

3

.000

01/15/30

2,706,144‌

1,225,000

Federal

Realty

Investment

Trust

1

.250

02/15/26

1,078,888‌

1,675,000

Healthcare

Realty

Holdings

LP

3

.875

05/01/25

1,599,304‌

3,000,000

Healthcare

Realty

Holdings

LP

3

.625

01/15/28

2,659,922‌

1,660,000

Healthcare

Realty

Holdings

LP

2

.400

03/15/30

1,295,383‌

925,000

Healthcare

Realty

Holdings

LP

2

.050

03/15/31

676,174‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

165

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

REAL

ESTATE—continued

$

4,125,000

Healthcare

Trust

of

America

Holdings

LP

3

.500

%

08/01/26

$

3,839,375‌

6,765,000

Healthcare

Trust

of

America

Holdings

LP

3

.100

02/15/30

5,648,532‌

7,500,000

Highwoods

Realty

LP

3

.875

03/01/27

6,960,199‌

1,025,000

Highwoods

Realty

LP

4

.125

03/15/28

925,737‌

1,350,000

Highwoods

Realty

LP

4

.200

04/15/29

1,176,412‌

8,010,000

Highwoods

Realty

LP

3

.050

02/15/30

6,380,121‌

2,085,000

Highwoods

Realty

LP

2

.600

02/01/31

1,560,553‌

1,225,000

g

Howard

Hughes

Corp

4

.125

02/01/29

1,025,938‌

835,000

Hudson

Pacific

Properties

LP

3

.950

11/01/27

710,475‌

1,400,000

Kennedy-Wilson,

Inc

4

.750

03/01/29

1,109,566‌

1,475,000

Kennedy-Wilson,

Inc

5

.000

03/01/31

1,110,296‌

2,275,000

Life

Storage

LP

2

.400

10/15/31

1,750,156‌

1,200,000

Mid-America

Apartments

LP

4

.300

10/15/23

1,192,909‌

1,200,000

Mid-America

Apartments

LP

3

.750

06/15/24

1,175,079‌

1,050,000

Mid-America

Apartments

LP

4

.000

11/15/25

1,020,386‌

7,350,000

Mid-America

Apartments

LP

2

.750

03/15/30

6,249,779‌

6,200,000

Mid-America

Apartments

LP

1

.700

02/15/31

4,833,914‌

1,700,000

Mid-America

Apartments

LP

2

.875

09/15/51

1,083,457‌

625,000

National

Retail

Properties,

Inc

4

.000

11/15/25

600,525‌

1,850,000

National

Retail

Properties,

Inc

3

.600

12/15/26

1,725,505‌

1,075,000

ProLogis

LP

2

.875

11/15/29

935,321‌

1,100,000

Regency

Centers

LP

3

.900

11/01/25

1,045,113‌

950,000

Regency

Centers

LP

3

.600

02/01/27

889,059‌

5,885,000

Regency

Centers

LP

2

.950

09/15/29

4,939,377‌

4,425,000

Retail

Properties

of

America,

Inc

4

.750

09/15/30

3,895,487‌

17,050,000

g

SBA

Tower

Trust

2

.836

01/15/25

16,069,915‌

8,398,000

g

SBA

Tower

Trust

1

.884

01/15/26

7,385,859‌

7,500,000

g

SBA

Tower

Trust

1

.631

11/15/26

6,369,587‌

646,000

SITE

Centers

Corp

3

.625

02/01/25

609,690‌

2,000,000

SITE

Centers

Corp

4

.250

02/01/26

1,883,694‌

2,833,000

SITE

Centers

Corp

4

.700

06/01/27

2,657,792‌

475,000

Weingarten

Realty

Investors

4

.450

01/15/24

469,150‌

1,025,000

Weingarten

Realty

Investors

3

.850

06/01/25

985,824‌

700,000

Weingarten

Realty

Investors

3

.250

08/15/26

643,539‌

1,075,000

Weyerhaeuser

Co

4

.000

03/09/52

811,196‌

TOTAL

REAL

ESTATE

184,925,170‌

RETAILING

-

0

.5

%

1,075,000

AmeriGas

Partners

LP

5

.875

08/20/26

1,020,937‌

2,670,000

g

Asbury

Automotive

Group,

Inc

4

.625

11/15/29

2,249,849‌

755,000

g

Asbury

Automotive

Group,

Inc

5

.000

02/15/32

621,138‌

980,000

AutoNation,

Inc

1

.950

08/01/28

781,506‌

3,275,000

AutoZone,

Inc

1

.650

01/15/31

2,540,890‌

300,000

Chevron

USA,

Inc

3

.900

11/15/24

294,882‌

2,200,000

Genuine

Parts

Co

2

.750

02/01/32

1,765,781‌

550,000

g

Group

1

Automotive,

Inc

4

.000

08/15/28

465,537‌

4,500,000

e,g

JSM

Global

Sarl

4

.750

10/20/30

2,998,125‌

1,665,000

g

Kia

Corp

2

.375

02/14/25

1,544,683‌

925,000

g

L

Brands,

Inc

6

.625

10/01/30

868,023‌

800,000

g

LCM

Investments

Holdings

II

LLC

4

.875

05/01/29

640,631‌

850,000

g

Lithia

Motors,

Inc

4

.625

12/15/27

766,649‌

4,900,000

g

Magic

Mergeco,

Inc

5

.250

05/01/28

3,942,200‌

437,000

g

Myriad

International

Holdings

BV

4

.850

07/06/27

412,651‌

4,215,000

O'Reilly

Automotive,

Inc

3

.550

03/15/26

4,047,866‌

2,175,000

O'Reilly

Automotive,

Inc

3

.600

09/01/27

2,049,810‌

2,100,000

O'Reilly

Automotive,

Inc

4

.200

04/01/30

1,981,365‌

9,530,000

O'Reilly

Automotive,

Inc

1

.750

03/15/31

7,395,396‌

1,425,000

g

Prosus

NV

4

.193

01/19/32

1,179,712‌

2,000,000

g

Prosus

NV

3

.832

02/08/51

1,208,336‌

4,950,000

g

Staples,

Inc

7

.500

04/15/26

4,260,366‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

166

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

RETAILING—continued

$

550,000

g

Superior

Plus

LP

4

.500

%

03/15/29

$

470,250‌

5,315,000

Target

Corp

2

.350

02/15/30

4,511,584‌

2,575,000

g

Volkswagen

Group

of

America

Finance

LLC

1

.625

11/24/27

2,155,922‌

TOTAL

RETAILING

50,174,089‌

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0

.5

%

3,920,000

g

Broadcom,

Inc

3

.419

04/15/33

3,142,694‌

1,718,000

g

Broadcom,

Inc

3

.187

11/15/36

1,234,019‌

15,542,000

g

Broadcom,

Inc

4

.926

05/15/37

13,558,301‌

260,000

e

Intel

Corp

3

.150

05/11/27

244,971‌

1,150,000

Intel

Corp

3

.734

12/08/47

861,837‌

1,350,000

Lam

Research

Corp

3

.750

03/15/26

1,308,849‌

1,525,000

Lam

Research

Corp

4

.000

03/15/29

1,452,128‌

4,515,000

Lam

Research

Corp

1

.900

06/15/30

3,678,835‌

4,735,000

NVIDIA

Corp

2

.000

06/15/31

3,792,378‌

1,650,000

g

NXP

BV

2

.700

05/01/25

1,553,032‌

2,650,000

NXP

BV

3

.875

06/18/26

2,517,349‌

1,975,000

NXP

BV

4

.400

06/01/27

1,892,827‌

1,200,000

NXP

BV

3

.400

05/01/30

1,036,973‌

2,575,000

NXP

BV

3

.125

02/15/42

1,745,315‌

4,300,000

g

SK

Hynix,

Inc

1

.500

01/19/26

3,726,410‌

1,100,000

Texas

Instruments,

Inc

2

.625

05/15/24

1,069,744‌

1,100,000

Texas

Instruments,

Inc

4

.150

05/15/48

973,402‌

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

43,789,064‌

SOFTWARE

&

SERVICES

-

0

.7

%

11,405,000

Adobe,

Inc

2

.300

02/01/30

9,724,689‌

265,000

g

CA

Magnum

Holdings

5

.375

10/31/26

241,475‌

5,330,000

Fiserv,

Inc

3

.500

07/01/29

4,801,894‌

900,000

g

Gartner,

Inc

3

.750

10/01/30

775,771‌

3,500,000

g

HCL

America,

Inc

1

.375

03/10/26

3,094,736‌

1,413,000

g

j2

Global,

Inc

4

.625

10/15/30

1,195,652‌

3,700,000

Meta

Platforms,

Inc

4

.450

08/15/52

2,940,208‌

19,000,000

Microsoft

Corp

2

.400

08/08/26

17,716,599‌

1,911,000

Microsoft

Corp

2

.525

06/01/50

1,257,532‌

2,270,000

g

NortonLifeLock,

Inc

6

.750

09/30/27

2,224,600‌

455,000

g

Open

Text

Corp

6

.900

12/01/27

455,000‌

2,830,000

g

Open

Text

Corp

3

.875

12/01/29

2,275,852‌

550,000

g

Open

Text

Holdings,

Inc

4

.125

02/15/30

441,191‌

3,100,000

Roper

Technologies,

Inc

1

.400

09/15/27

2,622,467‌

13,155,000

Roper

Technologies,

Inc

2

.000

06/30/30

10,542,359‌

5,800,000

salesforce.com,

Inc

2

.700

07/15/41

4,139,604‌

580,000

Visa,

Inc

3

.150

12/14/25

559,162‌

3,400,000

Visa,

Inc

2

.700

04/15/40

2,575,540‌

TOTAL

SOFTWARE

&

SERVICES

67,584,331‌

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0

.7

%

3,000,000

g

Ahead

DB

Holdings

LLC

6

.625

05/01/28

2,411,250‌

3,450,000

Amphenol

Corp

2

.800

02/15/30

2,944,796‌

8,575,000

Apple,

Inc

2

.450

08/04/26

7,952,304‌

19,975,000

Apple,

Inc

2

.050

09/11/26

18,233,042‌

5,370,000

Apple,

Inc

1

.650

02/08/31

4,322,357‌

1,100,000

Apple,

Inc

4

.650

02/23/46

1,041,397‌

1,590,000

Apple,

Inc

2

.650

02/08/51

1,048,569‌

1,865,000

Corning,

Inc

4

.375

11/15/57

1,445,959‌

4,415,000

Dell

International

LLC

5

.300

10/01/29

4,317,879‌

11,625,000

g

Imola

Merger

Corp

4

.750

05/15/29

10,086,008‌

6,000,000

g

Lenovo

Group

Ltd

3

.421

11/02/30

4,758,013‌

975,000

g

Sensata

Technologies

BV

4

.000

04/15/29

840,938‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

167

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

TECHNOLOGY

HARDWARE

&

EQUIPMENT—continued

$

525,000

Tyco

Electronics

Group

S.A.

3

.700

%

02/15/26

$

503,842‌

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

59,906,354‌

TELECOMMUNICATION

SERVICES

-

2

.2

%

3,075,000

g

America

Movil

SAB

de

C.V.

5

.375

04/04/32

2,775,187‌

12,477,000

AT&T,

Inc

2

.550

12/01/33

9,588,696‌

2,300,000

AT&T,

Inc

4

.500

05/15/35

2,090,812‌

9,850,000

AT&T,

Inc

3

.500

06/01/41

7,345,481‌

38,800,000

AT&T,

Inc

3

.550

09/15/55

25,889,055‌

12,174,000

AT&T,

Inc

3

.800

12/01/57

8,399,248‌

2,000,000

g

Bharti

Airtel

Ltd

4

.375

06/10/25

1,942,998‌

4,250,000

g

Bharti

Airtel

Ltd

3

.250

06/03/31

3,592,136‌

2,500,000

g

C&W

Senior

Financing

Designated

Activity

Co

6

.875

09/15/27

2,325,000‌

3,850,000

g

Empresa

Nacional

de

Telecomunicaciones

S.A.

3

.050

09/14/32

3,060,750‌

1,925,000

g

Iliad

Holding

SASU

6

.500

10/15/26

1,785,349‌

1,675,000

e,g

Millicom

International

Cellular

S.A.

4

.500

04/27/31

1,408,873‌

2,500,000

g

MTN

Mauritius

Investment

Ltd

6

.500

10/13/26

2,494,388‌

500,000

Orange

S.A.

5

.375

01/13/42

483,235‌

4,700,000

Telefonica

Emisiones

SAU

4

.103

03/08/27

4,459,230‌

5,000,000

Telefonica

Emisiones

SAU

5

.213

03/08/47

4,014,967‌

2,990,000

Telefonica

Emisiones

SAU

4

.895

03/06/48

2,297,920‌

3,000,000

g

Telefonica

Moviles

Chile

S.A.

3

.537

11/18/31

2,457,570‌

800,000

T-Mobile

USA,

Inc

2

.250

02/15/26

727,713‌

23,850,000

T-Mobile

USA,

Inc

2

.625

02/15/29

20,189,759‌

19,910,000

T-Mobile

USA,

Inc

3

.875

04/15/30

18,034,772‌

1,275,000

T-Mobile

USA,

Inc

3

.000

02/15/41

899,671‌

1,150,000

T-Mobile

USA,

Inc

4

.500

04/15/50

945,458‌

4,545,000

T-Mobile

USA,

Inc

3

.300

02/15/51

3,033,072‌

1,375,000

Verizon

Communications,

Inc

1

.680

10/30/30

1,071,772‌

13,630,000

Verizon

Communications,

Inc

1

.750

01/20/31

10,574,677‌

36,400,000

Verizon

Communications,

Inc

2

.550

03/21/31

29,933,852‌

2,568,000

Verizon

Communications,

Inc

2

.355

03/15/32

2,035,659‌

22,600,000

Verizon

Communications,

Inc

2

.650

11/20/40

15,254,634‌

4,915,000

g

Vmed

O2

UK

Financing

I

plc

4

.750

07/15/31

3,992,700‌

7,735,000

Vodafone

Group

plc

4

.375

02/19/43

6,192,234‌

5,800,000

Vodafone

Group

plc

4

.250

09/17/50

4,449,218‌

TOTAL

TELECOMMUNICATION

SERVICES

203,746,086‌

TRANSPORTATION

-

0

.5

%

1,000,000

g

Adani

Ports

&

Special

Economic

Zone

Ltd

4

.000

07/30/27

875,138‌

800,000

g

Adani

Ports

&

Special

Economic

Zone

Ltd

4

.200

08/04/27

702,218‌

2,300,000

g

Adani

Ports

&

Special

Economic

Zone

Ltd

3

.100

02/02/31

1,686,172‌

4,500,000

g

AerCap

Global

Aviation

6

.500

06/15/45

4,241,794‌

2,750,000

Burlington

Northern

Santa

Fe

LLC

3

.050

02/15/51

1,910,766‌

6,375,000

Canadian

Pacific

Railway

Co

2

.050

03/05/30

5,224,302‌

2,950,000

Canadian

Pacific

Railway

Co

3

.100

12/02/51

1,983,262‌

1,000,000

CSX

Corp

2

.600

11/01/26

920,556‌

625,000

CSX

Corp

3

.250

06/01/27

583,910‌

700,000

CSX

Corp

3

.800

03/01/28

667,605‌

9,715,000

CSX

Corp

4

.250

03/15/29

9,344,687‌

1,500,000

g

DP

World

Ltd

5

.625

09/25/48

1,404,285‌

5,000,000

g

Mexico

City

Airport

Trust

5

.500

07/31/47

3,850,000‌

3,000,000

Southwest

Airlines

Co

5

.125

06/15/27

2,962,099‌

5,200,000

Union

Pacific

Corp

2

.891

04/06/36

4,132,786‌

1,175,000

Union

Pacific

Corp

3

.839

03/20/60

907,666‌

TOTAL

TRANSPORTATION

41,397,246‌

UTILITIES

-

2

.9

%

1,525,000

g

Access

Bank

plc

6

.125

09/21/26

1,167,524‌

1,668,875

g

Adani

Transmission

Ltd

4

.250

05/21/36

1,265,358‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

168

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

1,000,000

AEP

Transmission

Co

LLC

3

.100

%

12/01/26

$

937,277‌

1,000,000

AEP

Transmission

Co

LLC

4

.000

12/01/46

785,338‌

1,740,000

AEP

Transmission

Co

LLC

3

.750

12/01/47

1,348,072‌

3,080,000

AEP

Transmission

Co

LLC

2

.750

08/15/51

1,953,001‌

1,450,000

g

Aeropuerto

Internacional

de

Tocumen

S.A.

4

.000

08/11/41

1,194,894‌

725,000

Alabama

Power

Co

4

.150

08/15/44

599,948‌

3,000,000

Alabama

Power

Co

3

.450

10/01/49

2,161,112‌

10,350,000

Alabama

Power

Co

3

.125

07/15/51

7,027,280‌

3,250,000

Ameren

Corp

1

.750

03/15/28

2,744,700‌

1,925,000

Ameren

Illinois

Co

5

.900

12/01/52

2,090,280‌

1,650,000

American

Water

Capital

Corp

3

.000

12/01/26

1,525,794‌

3,075,000

American

Water

Capital

Corp

2

.800

05/01/30

2,658,751‌

10,000,000

American

Water

Capital

Corp

2

.300

06/01/31

8,201,859‌

1,400,000

American

Water

Capital

Corp

4

.000

12/01/46

1,088,177‌

1,425,000

American

Water

Capital

Corp

3

.750

09/01/47

1,109,061‌

675,000

American

Water

Capital

Corp

3

.450

05/01/50

495,564‌

760,000

American

Water

Capital

Corp

3

.250

06/01/51

541,775‌

2,990,000

Atmos

Energy

Corp

1

.500

01/15/31

2,328,731‌

375,000

Atmos

Energy

Corp

4

.125

10/15/44

307,671‌

2,050,000

Baltimore

Gas

&

Electric

Co

3

.750

08/15/47

1,580,908‌

4,535,000

g

Becle

SAB

de

C.V.

2

.500

10/14/31

3,523,695‌

4,950,000

Berkshire

Hathaway

Energy

Co

3

.250

04/15/28

4,579,416‌

7,137,000

Berkshire

Hathaway

Energy

Co

1

.650

05/15/31

5,524,141‌

1,075,000

Black

Hills

Corp

4

.250

11/30/23

1,068,947‌

850,000

Black

Hills

Corp

3

.150

01/15/27

786,080‌

760,000

Black

Hills

Corp

3

.875

10/15/49

535,824‌

1,200,000

CenterPoint

Energy

Houston

Electric

LLC

3

.000

03/01/32

1,034,129‌

660,000

CenterPoint

Energy

Resources

Corp

6

.250

02/01/37

673,423‌

1,125,000

CMS

Energy

Corp

3

.600

11/15/25

1,071,468‌

2,125,000

g

Colbun

S.A.

3

.150

01/19/32

1,790,185‌

3,000,000

g

Comision

Federal

de

Electricidad

3

.348

02/09/31

2,341,592‌

395,000

Commonwealth

Edison

Co

5

.900

03/15/36

411,682‌

9,470,000

Commonwealth

Edison

Co

3

.000

03/01/50

6,498,002‌

2,750,000

Commonwealth

Edison

Co

2

.750

09/01/51

1,759,814‌

1,425,000

Consumers

Energy

Co

2

.650

08/15/52

896,002‌

8,000,000

Consumers

Energy

Co

4

.200

09/01/52

6,844,381‌

6,300,000

Dominion

Energy,

Inc

3

.300

04/15/41

4,663,051‌

12,000,000

Dominion

Energy,

Inc

4

.350

N/A‡

10,079,202‌

1,500,000

DTE

Electric

Co

3

.650

03/01/52

1,159,017‌

14,570,000

Duke

Energy

Corp

3

.300

06/15/41

10,599,802‌

3,125,000

Duke

Energy

Corp

3

.750

09/01/46

2,318,649‌

3,310,000

Duke

Energy

Progress

LLC

2

.500

08/15/50

1,986,114‌

2,100,000

Eastern

Energy

Gas

Holdings

LLC

2

.500

11/15/24

2,000,371‌

2,390,000

g

Empresas

Publicas

de

Medellin

ESP

4

.250

07/18/29

1,897,062‌

2,500,000

Enel

Chile

S.A.

4

.875

06/12/28

2,436,247‌

4,900,000

g

EnfraGen

Energia

Sur

S.A.

5

.375

12/30/30

3,429,921‌

3,500,000

g

ENN

Energy

Holdings

Ltd

2

.625

09/17/30

2,833,186‌

1,000,000

Entergy

Arkansas

LLC

2

.650

06/15/51

602,954‌

3,700,000

Entergy

Corp

0

.900

09/15/25

3,294,897‌

2,600,000

g

Equate

Petrochemical

BV

2

.625

04/28/28

2,262,072‌

900,000

g

Eskom

Holdings

SOC

Ltd

8

.450

08/10/28

787,754‌

2,525,000

Eversource

Energy

1

.650

08/15/30

1,964,741‌

3,000,000

Eversource

Energy

3

.450

01/15/50

2,176,129‌

1,225,000

Exelon

Corp

4

.050

04/15/30

1,137,287‌

3,025,000

g

Ferrellgas

Escrow

LLC

5

.375

04/01/26

2,751,682‌

3,225,000

g

Ferrellgas

Escrow

LLC

5

.875

04/01/29

2,652,304‌

2,700,000

Florida

Power

&

Light

Co

3

.990

03/01/49

2,263,622‌

UGX

8,000,000,000

†,g

ICBC

Standard

Bank

plc

14

.250

06/26/34

1,886,839‌

1,150,000

Indiana

Michigan

Power

Co

3

.750

07/01/47

853,560‌

2,865,000

Indiana

Michigan

Power

Co

3

.250

05/01/51

1,948,861‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

169

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

6,000,000

g

Israel

Electric

Corp

Ltd

4

.250

%

08/14/28

$

5,655,000‌

2,000,000

g

Kallpa

Generacion

SA

4

.125

08/16/27

1,832,583‌

2,250,000

g

Korea

Electric

Power

Corp

4

.000

06/14/27

2,135,399‌

2,600,000

g

Korea

Southern

Power

Co

Ltd

0

.750

01/27/26

2,280,145‌

7,275,000

MidAmerican

Energy

Co

3

.650

04/15/29

6,801,861‌

2,175,000

MidAmerican

Energy

Co

3

.650

08/01/48

1,706,606‌

1,650,000

Nevada

Power

Co

2

.400

05/01/30

1,383,206‌

4,320,000

NextEra

Energy

Capital

Holdings,

Inc

2

.250

06/01/30

3,552,548‌

15,720,000

NiSource,

Inc

1

.700

02/15/31

11,983,735‌

2,845,000

g

NRG

Energy,

Inc

2

.450

12/02/27

2,357,238‌

1,250,000

NRG

Energy,

Inc

5

.750

01/15/28

1,173,338‌

2,000,000

NSTAR

Electric

Co

3

.200

05/15/27

1,875,762‌

850,000

NSTAR

Electric

Co

3

.950

04/01/30

799,037‌

2,175,000

Ohio

Power

Co

4

.150

04/01/48

1,764,523‌

2,175,000

Ohio

Power

Co

4

.000

06/01/49

1,715,240‌

150,000

Oncor

Electric

Delivery

Co

LLC

7

.250

01/15/33

174,152‌

2,940,000

PacifiCorp

2

.700

09/15/30

2,527,515‌

2,915,000

PacifiCorp

2

.900

06/15/52

1,902,880‌

350,000

g

Pattern

Energy

Operations

LP

4

.500

08/15/28

313,822‌

1,375,000

PECO

Energy

Co

3

.000

09/15/49

938,438‌

1,000,000

PECO

Energy

Co

2

.800

06/15/50

654,148‌

1,400,000

g

Perusahaan

Listrik

Negara

PT

3

.875

07/17/29

1,240,495‌

2,500,000

g

Perusahaan

Listrik

Negara

PT

3

.375

02/05/30

2,118,750‌

2,100,000

†,g

Phosagro

OAO

Via

Phosagro

Bond

Funding

DAC

2

.600

09/16/28

1,365,000‌

135,000

Potomac

Electric

Power

Co

7

.900

12/15/38

162,470‌

2,050,000

g

Promigas

S.A.

ESP

3

.750

10/16/29

1,667,632‌

8,425,000

Public

Service

Co

of

Colorado

1

.875

06/15/31

6,706,694‌

5,440,000

Public

Service

Co

of

Colorado

3

.200

03/01/50

3,858,654‌

3,925,000

Public

Service

Electric

&

Gas

Co

3

.150

01/01/50

2,744,592‌

2,825,000

Public

Service

Electric

and

Gas

Co

4

.900

12/15/32

2,830,058‌

3,000,000

g

Rumo

Luxembourg

Sarl

5

.250

01/10/28

2,838,750‌

3,215,000

g

Saka

Energi

Indonesia

PT

4

.450

05/05/24

3,067,859‌

4,000,000

Sempra

Energy

4

.875

N/A‡

3,698,720‌

1,750,000

Southern

Co

4

.400

07/01/46

1,459,482‌

2,075,000

Southern

Co

Gas

Capital

Corp

3

.875

11/15/25

2,001,537‌

1,250,000

Southern

Co

Gas

Capital

Corp

4

.400

06/01/43

1,021,402‌

1,175,000

Southern

Co

Gas

Capital

Corp

3

.950

10/01/46

880,537‌

4,900,000

Southwestern

Public

Service

Co

3

.400

08/15/46

3,533,971‌

1,700,000

g

Tengizchevroil

Finance

Co

International

Ltd

2

.625

08/15/25

1,453,908‌

4,000,000

g

TerraForm

Power

Operating

LLC

4

.750

01/15/30

3,479,994‌

1,569,573

g

UEP

Penonome

II

S.A.

6

.500

10/01/38

1,147,750‌

1,025,000

Virginia

Electric

&

Power

Co

2

.950

11/15/26

955,175‌

1,050,000

Virginia

Electric

&

Power

Co

3

.500

03/15/27

992,288‌

6,000,000

Virginia

Electric

&

Power

Co

3

.800

04/01/28

5,652,523‌

1,000,000

Wisconsin

Power

&

Light

Co

4

.100

10/15/44

774,124‌

470,000

Xcel

Energy,

Inc

4

.800

09/15/41

410,639‌

TOTAL

UTILITIES

260,027,360‌

TOTAL

CORPORATE

BONDS

3,214,482,127‌

(Cost

$3,782,344,699)

GOVERNMENT

BONDS

-

45

.0

%

AGENCY

SECURITIES

-

0

.1

%

2,879,000

Canal

Barge

Co,

Inc

4

.500

11/12/34

2,822,603‌

4,875,000

Overseas

Private

Investment

Corp

(OPIC)

3

.520

09/20/32

4,628,622‌

TOTAL

AGENCY

SECURITIES

7,451,225‌

FOREIGN

GOVERNMENT

BONDS

-

2

.0

%

1,500,000

g

Abu

Dhabi

Government

International

Bond

2

.500

09/30/29

1,346,391‌

975,000

g

African

Export-Import

Bank

2

.634

05/17/26

877,105‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

170

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

$

3,125,000

g

Angolan

Government

International

Bond

8

.750

%

04/14/32

$

2,703,841‌

3,325,000

g

Arab

Petroleum

Investments

Corp

4

.125

09/18/23

3,297,169‌

INR

140,000,000

Asian

Development

Bank

6

.200

10/06/26

1,641,146‌

4,465,000

g

Banque

Ouest

Africaine

de

Developpement

4

.700

10/22/31

3,790,919‌

EUR

2,100,000

g

Banque

Ouest

Africaine

de

Developpement

2

.750

01/22/33

1,691,279‌

628,900

g

Barbados

Government

International

Bond

6

.500

10/01/29

582,991‌

750,000

g

Bermuda

Government

International

Bond

4

.750

02/15/29

746,572‌

3,000,000

g

BNG

Bank

NV

3

.000

09/20/23

2,958,235‌

1,245,000

g

Brazil

Minas

SPE

via

State

of

Minas

Gerais

5

.333

02/15/28

1,208,584‌

2,000,000

Brazilian

Government

International

Bond

4

.750

01/14/50

1,398,882‌

5,950,000

e

Chile

Government

International

Bond

2

.550

01/27/32

4,868,153‌

990,000

Chile

Government

International

Bond

3

.100

05/07/41

711,154‌

CNY

16,600,000

China

Government

Bond

2

.880

11/05/23

2,402,014‌

CNY

5,000,000

China

Government

Bond

3

.270

11/19/30

742,468‌

CNY

3,300,000

China

Government

Bond

3

.810

09/14/50

521,115‌

4,275,000

Colombia

Government

International

Bond

3

.250

04/22/32

3,108,769‌

1,300,000

Colombia

Government

International

Bond

5

.000

06/15/45

884,398‌

3,460,000

g

Costa

Rica

Government

International

Bond

5

.625

04/30/43

2,829,749‌

1,750,000

g

Development

Bank

of

Japan,

Inc

0

.500

03/04/24

1,661,196‌

DOP

90,000,000

g

Dominican

Republic

Government

International

Bond

9

.750

06/05/26

1,532,238‌

DOP

120,000,000

g

Dominican

Republic

Government

International

Bond

12

.000

03/05/32

2,073,890‌

2,250,000

g

Dominican

Republic

Government

International

Bond

4

.875

09/23/32

1,867,637‌

3,725,000

g

Dominican

Republic

Government

International

Bond

6

.500

02/15/48

3,063,894‌

1,295,000

g

Dominican

Republic

International

Bond

5

.500

02/22/29

1,191,544‌

990,000

g

Dominican

Republic

International

Bond

5

.300

01/21/41

763,907‌

143,196

g

Ecuador

Government

International

Bond

0

.000

07/31/30

55,926‌

857,325

g

Ecuador

Government

International

Bond

(Step

Bond)

5

.000

07/31/30

550,890‌

956,102

g

Ecuador

Government

International

Bond

(Step

Bond)

1

.000

07/31/35

439,556‌

1,150,000

g

Egypt

Government

International

Bond

7

.600

03/01/29

933,690‌

EUR

3,000,000

g

Egypt

Government

International

Bond

5

.625

04/16/30

2,219,427‌

1,500,000

g

Egypt

Government

International

Bond

7

.053

01/15/32

1,094,421‌

1,050,000

g

Egypt

Government

International

Bond

8

.500

01/31/47

697,935‌

1,875,000

g

Egypt

Government

International

Bond

8

.875

05/29/50

1,263,615‌

450,000

g

El

Salvador

Government

International

Bond

6

.375

01/18/27

196,875‌

1,200,000

g

El

Salvador

Government

International

Bond

7

.625

02/01/41

463,586‌

1,070,000

g

El

Salvador

Government

International

Bond

7

.125

01/20/50

412,898‌

395,000

European

Investment

Bank

4

.875

02/15/36

419,992‌

4,400,000

g

Export-Import

Bank

of

India

3

.875

02/01/28

4,067,760‌

1,900,000

g

Export-Import

Bank

of

India

2

.250

01/13/31

1,491,007‌

2,200,000

Export-Import

Bank

of

Korea

0

.750

09/21/25

1,965,090‌

3,200,000

Export-Import

Bank

of

Korea

1

.250

09/21/30

2,469,826‌

950,000

†,g

Ghana

Government

International

Bond

8

.125

03/26/32

339,957‌

1,500,000

†,g

Ghana

Government

International

Bond

8

.627

06/16/49

517,500‌

1,700,000

g

Guatemala

Government

Bond

3

.700

10/07/33

1,399,447‌

245,000

g

Guatemala

Government

Bond

6

.125

06/01/50

230,242‌

EUR

1,750,000

g

Hellenic

Republic

Government

International

Bond

1

.875

07/23/26

1,756,543‌

1,350,000

g

Honduras

Government

International

Bond

6

.250

01/19/27

1,187,753‌

875,000

g

Hungary

Government

International

Bond

5

.250

06/16/29

836,127‌

575,000

g

Hungary

Government

International

Bond

2

.125

09/22/31

427,180‌

500,000

Indonesia

Government

International

Bond

3

.550

03/31/32

452,018‌

IDR

28,000,000,000

Indonesia

Treasury

Bond

7

.000

09/15/30

1,815,741‌

IDR

25,500,000,000

Indonesia

Treasury

Bond

7

.500

08/15/32

1,693,492‌

1,601,875

g

Iraq

Government

International

Bond

5

.800

01/15/28

1,474,600‌

EUR

125,000

g

Ivory

Coast

Government

International

Bond

4

.875

01/30/32

105,655‌

770,000

g

Ivory

Coast

Government

International

Bond

6

.125

06/15/33

684,301‌

1,097,154

g

Ivory

Coast

Government

International

Bond

(Step

Bond)

5

.750

12/31/32

1,035,214‌

710,000

Jamaica

Government

International

Bond

6

.750

04/28/28

751,047‌

3,050,000

Jamaica

Government

International

Bond

7

.875

07/28/45

3,428,032‌

1,500,000

g

Japan

Finance

Organization

for

Municipalities

3

.000

03/12/24

1,465,142‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

171

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

$

1,750,000

g

Jordan

Government

International

Bond

4

.950

%

07/07/25

$

1,674,255‌

2,060,000

g

Jordan

Government

International

Bond

5

.850

07/07/30

1,847,718‌

1,375,000

g

Kenya

Government

International

Bond

7

.000

05/22/27

1,227,524‌

1,000,000

g

Kenya

Government

International

Bond

8

.000

05/22/32

851,829‌

1,490,000

g

Kenya

Government

International

Bond

6

.300

01/23/34

1,146,733‌

2,000,000

g

Kommunalbanken

AS.

1

.125

06/14/30

1,603,529‌

3,175,000

g

Korea

Electric

Power

Corp

1

.125

06/15/25

2,875,978‌

3,000,000

g

Korea

Hydro

&

Nuclear

Power

Co

Ltd

1

.250

04/27/26

2,642,080‌

MYR

7,600,000

Malaysia

Government

Bond

3

.828

07/05/34

1,670,285‌

MXN

27,200,000

Mexican

Bonos

5

.750

03/05/26

1,262,536‌

MXN

24,500,000

Mexican

Bonos

8

.500

11/18/38

1,189,551‌

900,000

e

Mexico

Government

International

Bond

3

.250

04/16/30

784,034‌

3,424,000

Mexico

Government

International

Bond

6

.050

01/11/40

3,321,204‌

4,000,000

Mexico

Government

International

Bond

4

.280

08/14/41

3,084,089‌

2,025,000

Mexico

Government

International

Bond

4

.750

03/08/44

1,633,315‌

500,000

g

Mongolia

Government

International

Bond

5

.125

04/07/26

427,878‌

1,710,000

g

Mongolia

Government

International

Bond

4

.450

07/07/31

1,319,787‌

1,760,000

g

Morocco

Government

International

Bond

3

.000

12/15/32

1,403,825‌

2,825,000

g

Morocco

Government

International

Bond

5

.500

12/11/42

2,418,817‌

525,000

g

Morocco

Government

International

Bond

4

.000

12/15/50

359,454‌

2,500,000

g

Namibia

Government

International

Bond

5

.250

10/29/25

2,337,213‌

425,000

g

Nigeria

Government

International

Bond

6

.500

11/28/27

342,168‌

1,000,000

g

Nigeria

Government

International

Bond

8

.375

03/24/29

827,633‌

345,000

g

Nigeria

Government

International

Bond

7

.875

02/16/32

259,419‌

400,000

g

Oman

Government

International

Bond

6

.750

10/28/27

414,592‌

2,090,000

g

Oman

Government

International

Bond

6

.000

08/01/29

2,096,993‌

1,500,000

g

Oman

Government

International

Bond

6

.250

01/25/31

1,510,660‌

400,000

g

Oman

Sovereign

Sukuk

Co

4

.875

06/15/30

388,312‌

550,000

g

Pakistan

Global

Sukuk

Programme

Co

Ltd

7

.950

01/31/29

286,759‌

970,000

g

Pakistan

Government

International

Bond

6

.875

12/05/27

373,450‌

2,645,000

Panama

Bonos

del

Tesoro

3

.362

06/30/31

2,129,225‌

3,225,000

Panama

Notas

del

Tesoro

3

.750

04/17/26

3,033,145‌

475,000

g

Paraguay

Government

International

Bond

4

.700

03/27/27

466,459‌

1,275,000

g

Paraguay

Government

International

Bond

5

.400

03/30/50

1,098,661‌

1,435,000

g

Perusahaan

Penerbit

SBSN

Indonesia

III

2

.550

06/09/31

1,214,727‌

1,200,000

g

Perusahaan

Penerbit

SBSN

Indonesia

III

4

.700

06/06/32

1,180,724‌

1,315,000

Peruvian

Government

International

Bond

3

.000

01/15/34

1,035,764‌

1,320,000

Philippine

Government

International

Bond

4

.200

03/29/47

1,124,195‌

620,000

Province

of

Quebec

Canada

7

.500

09/15/29

728,226‌

2,300,000

g

Qatar

Government

International

Bond

4

.400

04/16/50

2,107,580‌

475,000

g

Republic

of

Azerbaijan

Government

International

Bond

5

.125

09/01/29

447,476‌

5,000,000

Republic

of

Italy

Government

International

Bond

4

.000

10/17/49

3,533,668‌

2,200,000

g

Republic

of

Paraguay

6

.100

08/11/44

2,113,738‌

UZS

7,990,000,000

g

Republic

of

Uzbekistan

Bond

14

.500

11/25/23

688,654‌

410,000

g

Republic

of

Uzbekistan

Government

International

Bond

5

.375

02/20/29

379,871‌

2,150,000

g

Republic

of

Uzbekistan

International

Bond

4

.750

02/20/24

2,100,916‌

UZS

7,600,000,000

g

Republic

of

Uzbekistan

International

Bond

14

.000

07/19/24

633,794‌

2,000,000

g

Romanian

Government

International

Bond

3

.000

02/14/31

1,575,724‌

1,425,000

g

Romanian

Government

International

Bond

4

.000

02/14/51

941,487‌

3,825,000

g

Rwanda

International

Government

Bond

5

.500

08/09/31

2,893,414‌

2,900,000

g

Saudi

Government

International

Bond

4

.500

04/17/30

2,878,708‌

2,810,000

g

Saudi

Government

International

Bond

3

.750

01/21/55

2,221,271‌

1,225,000

g

Serbia

International

Bond

2

.125

12/01/30

880,547‌

RSD

290,000,000

Serbia

Treasury

Bonds

5

.875

02/08/28

2,518,692‌

2,000,000

South

Africa

Government

International

Bond

5

.875

09/16/25

2,002,675‌

ZAR

22,300,000

South

Africa

Government

International

Bond

7

.000

02/28/31

1,058,886‌

ZAR

23,400,000

South

Africa

Government

International

Bond

8

.750

01/31/44

1,073,994‌

2,895,000

e

South

Africa

Government

International

Bond

5

.375

07/24/44

2,172,988‌

2,900,000

g

Southern

Gas

Corridor

CJSC

6

.875

03/24/26

2,976,977‌

1,110,000

State

of

Israel

3

.800

05/13/60

862,518‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

172

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

THB

24,600,000

Thailand

Government

International

Bond

2

.875

%

12/17/28

$

740,334‌

THB

24,500,000

Thailand

Government

International

Bond

3

.300

06/17/38

712,011‌

$

3,000,000

g

Turkiye

Ihracat

Kredi

Bankasi

AS.

5

.750

07/06/26

2,732,387‌

1,225,000

g

Ukraine

Government

International

Bond

9

.750

11/01/30

245,563‌

EUR

850,000

g

Ukraine

Government

International

Bond

4

.375

01/27/32

142,873‌

150,000

Uruguay

Government

International

Bond

4

.375

01/23/31

148,992‌

575,000

Uruguay

Government

International

Bond

4

.125

11/20/45

529,493‌

1,200,000

†,g

Zambia

Government

International

Bond

8

.500

04/14/24

540,000‌

TOTAL

FOREIGN

GOVERNMENT

BONDS

184,255,702‌

MORTGAGE

BACKED

-

20

.5

%

5,725,000

g,i

Connecticut

Avenue

Securities

Trust

5

.828

12/25/41

5,445,059‌

5,000,000

g,i

Connecticut

Avenue

Securities

Trust

8

.428

01/25/42

4,747,284‌

5,012,600

g,i

Connecticut

Avenue

Securities

Trust

6

.349

03/25/42

5,227,911‌

13,140,000

g,i

Connecticut

Avenue

Securities

Trust

7

.028

03/25/42

13,109,323‌

25,430,000

g,i

Connecticut

Avenue

Securities

Trust

7

.778

05/25/42

25,993,168‌

17,765,000

g,i

Connecticut

Avenue

Securities

Trust

8

.594

06/25/42

18,647,064‌

13,323,821

Federal

Home

Loan

Mortgage

Corp

(FHLMC)

4

.500

11/01/37

13,236,130‌

2,052,996

i

FHLMC

LIBOR

1

M

+

5.920%

1

.602

03/15/44

180,169‌

3,261,473

i

FHLMC

LIBOR

1

M

+

9.920%

3

.011

06/15/48

3,047,948‌

3,499,230

i

FHLMC

LIBOR

1

M

+

9.840%

2

.931

10/15/48

3,184,201‌

11,709,744

FHLMC

2

.000

09/25/50

1,378,817‌

22,877,920

FHLMC

2

.500

02/25/51

3,617,997‌

6,081,833

FHLMC

3

.000

09/01/51

5,472,469‌

25,424,767

FHLMC

3

.000

11/01/51

22,691,378‌

4,557,181

FHLMC

3

.000

11/01/51

4,050,794‌

3,661,691

FHLMC

3

.000

11/01/51

3,268,023‌

2,417,824

FHLMC

3

.000

11/01/51

2,166,676‌

35,615,690

FHLMC

2

.000

02/01/52

29,189,606‌

30,086,976

FHLMC

2

.500

02/01/52

25,650,603‌

31,492,852

FHLMC

2

.500

03/01/52

26,849,022‌

4,520,999

FHLMC

3

.000

04/01/52

3,987,854‌

953,041

FHLMC

3

.500

06/01/52

869,828‌

26,784,178

FHLMC

4

.500

06/01/52

25,781,305‌

25,722,639

FHLMC

4

.500

07/01/52

24,760,088‌

2,897,818

FHLMC

4

.000

08/25/52

2,478,752‌

222

Federal

Home

Loan

Mortgage

Corp

Gold

(FGLMC)

8

.000

01/01/31

223‌

6,543

FGLMC

8

.000

09/01/31

6,733‌

61,225

FGLMC

7

.000

12/01/31

62,674‌

36,052

FGLMC

4

.500

07/01/33

35,592‌

265,760

FGLMC

7

.000

12/01/33

276,049‌

83,628

FGLMC

4

.500

04/01/35

82,594‌

72,693

FGLMC

7

.000

05/01/35

74,815‌

1,441,342

FGLMC

5

.000

06/01/36

1,473,583‌

55,002

FGLMC

5

.000

07/01/39

55,789‌

1,251,140

FGLMC

5

.000

08/01/44

1,278,382‌

68,053

FGLMC

4

.500

11/01/44

66,930‌

107,021

FGLMC

4

.500

11/01/44

105,288‌

65,230

FGLMC

4

.500

12/01/44

64,084‌

89,260

FGLMC

4

.500

12/01/44

87,788‌

561,414

FGLMC

3

.500

04/01/45

524,097‌

11,614,691

FGLMC

3

.500

08/01/45

10,831,485‌

12,409,931

FGLMC

3

.500

10/01/45

11,565,164‌

4,275,066

FGLMC

4

.500

06/01/47

4,236,321‌

3,214,133

FGLMC

4

.000

09/01/47

3,074,479‌

3,749,625

FGLMC

3

.500

12/01/47

3,488,304‌

8,836,154

FGLMC

4

.500

08/01/48

8,735,983‌

37

Federal

National

Mortgage

Association

(FNMA)

8

.000

07/01/24

38‌

83

FNMA

7

.500

01/01/29

84‌

720

FNMA

7

.500

03/01/31

754‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

173

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

822,726

FNMA

3

.500

%

05/01/32

$

803,437‌

2,223,304

FNMA

3

.000

10/01/32

2,115,766‌

572,538

FNMA

3

.500

11/01/32

550,616‌

523,841

FNMA

5

.000

05/01/35

534,955‌

405,611

FNMA

5

.000

10/01/35

414,219‌

211,051

FNMA

5

.000

02/01/36

215,141‌

5,763,472

FNMA

3

.500

09/01/37

5,515,500‌

11,003,880

FNMA

3

.500

10/01/37

10,526,756‌

27,103,550

FNMA

4

.000

11/01/37

26,452,124‌

286,126

FNMA

5

.500

11/01/38

296,712‌

168,822

FNMA

5

.500

03/01/39

174,507‌

3,105,347

FNMA

3

.000

10/01/39

2,816,207‌

1,445,512

FNMA

3

.000

05/01/40

1,312,314‌

324,828

FNMA

5

.000

09/01/40

328,930‌

195,264

FNMA

4

.000

02/01/41

187,521‌

382,757

FNMA

5

.000

05/01/41

387,592‌

23,287,221

FNMA

2

.000

03/01/42

19,629,309‌

5,232,624

FNMA

4

.000

09/01/42

5,013,576‌

666,447

FNMA

3

.500

04/01/43

623,324‌

582,667

FNMA

3

.500

09/01/43

546,316‌

2,575,852

i

FNMA

LIBOR

1

M

+

5.950%

1

.561

09/25/43

256,145‌

1,853,974

FNMA

4

.500

03/01/44

1,837,901‌

495,727

FNMA

4

.500

06/01/44

486,994‌

2,213,049

FNMA

4

.500

06/01/44

2,171,770‌

417,026

FNMA

3

.500

07/01/44

390,378‌

1,260,647

FNMA

4

.500

08/01/44

1,237,148‌

1,782,566

FNMA

4

.500

10/01/44

1,751,637‌

1,247,576

FNMA

4

.500

11/01/44

1,224,397‌

1,165,517

FNMA

5

.000

11/01/44

1,184,404‌

352,178

FNMA

4

.500

12/01/44

345,999‌

1,175,765

FNMA

4

.000

01/01/45

1,123,424‌

1,397,644

FNMA

3

.500

05/01/45

1,306,159‌

2,816,637

FNMA

3

.500

01/01/46

2,618,505‌

1,212,259

FNMA

4

.000

04/01/46

1,158,567‌

2,099,766

FNMA

3

.500

06/01/46

1,949,904‌

4,558,507

FNMA

3

.500

07/01/46

4,233,637‌

9,810,829

FNMA

3

.500

07/01/46

9,179,747‌

1,538,904

FNMA

3

.000

10/01/46

1,362,817‌

1,339,256

FNMA

3

.500

10/01/46

1,243,254‌

2,153,668

FNMA

4

.500

05/01/47

2,135,003‌

705,984

FNMA

3

.000

11/01/47

625,198‌

4,830,536

FNMA

3

.500

11/01/47

4,512,797‌

6,592,785

FNMA

3

.500

01/01/48

6,128,697‌

2,514,790

FNMA

4

.500

01/01/48

2,476,245‌

1,032,959

FNMA

4

.500

02/01/48

1,018,301‌

4,111,711

FNMA

4

.500

03/01/48

4,051,033‌

1,798,258

FNMA

4

.500

05/01/48

1,773,757‌

1,254,294

FNMA

4

.500

05/01/48

1,237,205‌

2,554,754

FNMA

4

.000

06/01/48

2,441,086‌

1,863,308

FNMA

5

.000

08/01/48

1,875,486‌

22,595

FNMA

3

.000

05/01/49

19,670‌

228,989

FNMA

3

.000

06/01/49

199,354‌

3,272,474

FNMA

4

.500

06/01/49

3,206,646‌

17,531,729

FNMA

3

.000

07/01/50

15,613,063‌

6,945,035

FNMA

2

.000

08/25/50

981,594‌

19,980,712

FNMA

2

.500

11/25/50

2,907,238‌

9,787,938

FNMA

3

.000

12/25/50

1,540,999‌

6,737,694

FNMA

3

.000

02/25/51

1,376,216‌

75,664,801

FNMA

2

.000

04/01/51

61,780,872‌

6,703,369

FNMA

3

.500

08/01/51

6,172,152‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

174

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

4,817,779

FNMA

3

.000

%

09/01/51

$

4,285,439‌

10,579,311

FNMA

2

.500

11/25/51

1,434,362‌

4,695,996

FNMA

2

.000

01/01/52

3,874,424‌

1,390,677

FNMA

3

.000

01/01/52

1,228,196‌

33,817,822

FNMA

2

.000

02/01/52

27,623,419‌

28,122,836

FNMA

2

.500

02/01/52

23,975,852‌

34,897,679

FNMA

2

.500

02/01/52

29,751,931‌

1,133,711

FNMA

2

.500

02/01/52

965,311‌

11,148,048

FNMA

3

.500

02/01/52

10,225,178‌

15,352,908

FNMA

2

.000

03/01/52

12,569,601‌

2,458,899

FNMA

2

.000

03/01/52

2,008,116‌

5,400,730

FNMA

3

.000

04/01/52

4,762,583‌

7,157,830

FNMA

3

.000

04/01/52

6,312,038‌

75,655,593

FNMA

3

.000

04/01/52

66,733,794‌

36,460,124

FNMA

3

.000

04/01/52

32,145,431‌

33,396,406

FNMA

3

.000

04/01/52

29,451,284‌

2,088,265

FNMA

3

.500

04/01/52

1,897,793‌

27,098,072

FNMA

3

.500

05/01/52

24,626,671‌

10,359,247

FNMA

3

.500

05/01/52

9,411,600‌

40,201,212

FNMA

4

.000

05/01/52

37,727,015‌

25,248,599

FNMA

3

.500

06/01/52

23,014,471‌

36,394,577

FNMA

4

.000

06/01/52

34,139,569‌

13,317,208

FNMA

4

.500

06/01/52

12,817,027‌

9,834,731

FNMA

3

.500

07/01/52

8,937,713‌

78,221,402

FNMA

4

.000

07/01/52

73,398,903‌

21,522,702

FNMA

4

.000

07/01/52

20,189,120‌

4,643,752

FNMA

4

.500

07/01/52

4,473,314‌

11,964,588

FNMA

4

.500

07/01/52

11,518,130‌

17,530,026

FNMA

4

.500

07/01/52

16,874,527‌

61,415,112

FNMA

5

.000

08/01/52

60,565,786‌

4,585,010

FNMA

4

.500

08/25/52

4,047,997‌

37,719,305

h

FNMA

4

.000

09/01/52

35,382,105‌

134,272,804

h

FNMA

4

.500

09/01/52

129,248,450‌

18,455,737

FNMA

5

.000

09/01/52

18,200,508‌

3,491,164

FNMA

4

.000

09/25/52

3,055,768‌

4,144,807

FNMA

4

.000

09/25/52

3,684,835‌

37,538,427

FNMA

4

.000

10/01/52

35,212,461‌

29,465,923

FNMA

5

.000

10/01/52

29,058,431‌

3,337,264

FNMA

4

.500

10/25/52

3,172,347‌

3,807,515

FNMA

4

.500

10/25/52

3,636,500‌

6,061,993

FNMA

5

.500

11/25/52

6,004,635‌

21,085,712

FNMA

5

.500

12/01/52

21,142,309‌

380,000

g,i

Freddie

Mac

STACR

REMIC

Trust

5

.428

10/25/41

361,463‌

4,890,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.328

10/25/41

4,572,554‌

3,849,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.428

03/25/42

3,822,576‌

24,295,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.278

05/25/42

24,458,469‌

2,500,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.478

08/25/42

2,483,038‌

13,150,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.628

09/25/42

13,428,530‌

2,697,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

6

.228

08/25/33

2,668,272‌

7,070,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

6

.647

11/25/41

6,588,838‌

24,600,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

6

.328

02/25/42

23,956,939‌

26,700,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

8

.428

06/25/42

27,955,535‌

12,135,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

7

.928

07/25/42

12,248,021‌

25,492

Government

National

Mortgage

Association

(GNMA)

6

.500

11/20/38

26,937‌

227,829

GNMA

5

.000

06/15/39

231,877‌

11,563,805

GNMA

2

.500

12/20/43

10,359,970‌

883,467

GNMA

4

.500

12/20/45

868,121‌

1,742,571

GNMA

4

.000

06/20/46

240,757‌

6,770,523

i

GNMA

LIBOR

1

M

+

6.100%

1

.747

03/20/50

788,335‌

6,321,997

GNMA

2

.500

02/20/52

5,235,686‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

175

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

11,350,495

GNMA

2

.500

%

05/20/52

$

9,833,534‌

76,203,741

GNMA

3

.000

05/20/52

67,854,149‌

44,279,090

GNMA

3

.500

07/20/52

40,685,984‌

4,982,213

GNMA

4

.000

07/20/52

4,223,068‌

10,867,224

GNMA

4

.000

08/20/52

10,284,133‌

12,246,964

GNMA

4

.000

09/20/52

11,589,834‌

7,757,858

GNMA

4

.500

09/20/52

7,017,767‌

6,765,545

GNMA

4

.500

09/20/52

6,333,444‌

5,632,898

GNMA

4

.500

09/20/52

5,280,200‌

10,771,589

h

GNMA

5

.000

11/20/52

10,676,141‌

8,855,033

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

03/25/52

6,808,799‌

9,129,472

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

03/25/52

7,876,147‌

8,677,408

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

05/01/52

7,479,867‌

8,447,350

g,i

GS

Mortgage-Backed

Securities

Trust

3

.000

08/26/52

6,817,447‌

2,496,645

g,i

J.P.

Morgan

Mortgage

Trust

2

.927

05/25/52

1,888,684‌

7,216,859

g,i

J.P.

Morgan

Mortgage

Trust

3

.000

09/25/52

5,995,112‌

5,023,880

g,i

J.P.

Morgan

Mortgage

Trust

3

.000

11/25/52

4,210,917‌

6,413,538

g,i

J.P.

Morgan

Mortgage

Trust

3

.000

12/25/52

5,128,142‌

13,372,271

g,i

JP

Morgan

Mortgage

Trust

2

.500

07/25/52

10,348,788‌

23,034,924

g,i

JP

Morgan

Mortgage

Trust

3

.250

07/25/52

19,669,603‌

14,628,000

g,i

JP

Morgan

Mortgage

Trust

3

.000

08/25/52

11,951,263‌

8,730,787

g,i

JP

Morgan

Mortgage

Trust

3

.000

10/25/52

6,969,012‌

5,627,712

g,i

JP

Morgan

Mortgage

Trust

3

.000

11/25/52

4,499,810‌

TOTAL

MORTGAGE

BACKED

1,859,241,630‌

MUNICIPAL

BONDS

-

1

.4

%

4,145,000

Alabama

Economic

Settlement

Authority

3

.163

09/15/25

4,012,950‌

990,000

Chicago

Housing

Authority

3

.682

01/01/25

963,292‌

380,000

City

&

County

of

San

Francisco

CA

Community

Facilities

District

3

.028

09/01/23

376,027‌

550,000

City

&

County

of

San

Francisco

CA

Community

Facilities

District

4

.038

09/01/34

486,650‌

4,945,000

City

of

New

York

NY

3

.200

12/01/26

4,656,695‌

2,215,000

Commonwealth

Financing

Authority

3

.864

06/01/38

1,946,937‌

2,500,000

County

of

Miami-Dade

FL

Aviation

Revenue

3

.285

10/01/23

2,474,154‌

3,500,000

County

of

Miami-Dade

FL

Aviation

Revenue

2

.504

10/01/24

3,358,516‌

2,250,000

County

of

Miami-Dade

FL

Aviation

Revenue

3

.405

10/01/24

2,192,448‌

3,500,000

County

of

Miami-Dade

FL

Aviation

Revenue

2

.604

10/01/25

3,292,666‌

2,380,000

County

of

Miami-Dade

FL

Aviation

Revenue

3

.505

10/01/25

2,293,341‌

2,500,000

County

of

Miami-Dade

FL

Aviation

Revenue

2

.704

10/01/26

2,309,779‌

2,000,000

County

of

Miami-Dade

FL

Aviation

Revenue

3

.049

10/01/26

1,871,117‌

3,750,000

County

of

Miami-Dade

FL

Aviation

Revenue

3

.612

10/01/26

3,579,615‌

470,000

County

of

Miami-Dade

FL

Aviation

Revenue

4

.280

10/01/41

415,999‌

4,265,000

Denver

City

&

County

School

District

No.

1

3

.598

12/15/27

4,025,629‌

4,805,000

Los

Angeles

County

Redevelopment

Refunding

Authority

Redev

Agency

Successor

Agy

3

.375

09/01/35

3,985,173‌

6,650,000

Michigan

Finance

Authority

2

.988

09/01/49

6,446,953‌

3,400,000

New

Jersey

Economic

Development

Authority

7

.425

02/15/29

3,664,203‌

4,075,000

New

York

State

Dormitory

Authority

4

.294

07/01/44

3,520,641‌

810,000

Oklahoma

City

Economic

Development

Trust

3

.440

09/01/24

791,156‌

2,000,000

Port

of

Seattle

WA

3

.471

05/01/31

1,778,750‌

1,625,000

Port

of

Seattle

WA

3

.571

05/01/32

1,436,816‌

1,000,000

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

2

.037

05/15/23

990,965‌

1,000,000

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

2

.259

05/15/24

967,671‌

1,250,000

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

2

.359

05/15/25

1,185,905‌

1,785,000

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

2

.459

05/15/26

1,661,143‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

176

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MUNICIPAL

BONDS—continued

$

1,600,000

Regents

of

the

University

of

California

Medical

Center

Pooled

Revenue

2

.559

%

05/15/27

$

1,462,590‌

3,980,000

Rhode

Island

Convention

Center

Authority

3

.195

05/15/26

3,752,542‌

6,365,000

San

Jose

Redevelopment

Agency

3

.375

08/01/34

5,584,881‌

660,000

Santa

Ana

Community

Redevelopment

Agency

Successor

Agency

3

.567

09/01/23

654,619‌

13,060,000

State

of

California

4

.600

04/01/38

12,318,730‌

21,060,000

State

of

Illinois

5

.100

06/01/33

20,234,699‌

9,900,000

State

of

Wisconsin

3

.154

05/01/27

9,257,344‌

1,763,000

State

Public

School

Building

Authority

5

.000

09/15/27

1,767,328‌

7,500,000

Texas

A&M

University

3

.993

05/15/37

6,708,685‌

2,000,000

University

of

California

2

.439

05/15/24

1,940,038‌

2,000,000

University

of

California

2

.589

05/15/25

1,899,902‌

TOTAL

MUNICIPAL

BONDS

130,266,549‌

U.S.

TREASURY

SECURITIES

-

21

.0

%

1,900,000

United

States

Treasury

Bond

4

.750

02/15/37

2,075,602‌

10,875,000

United

States

Treasury

Bond

3

.500

02/15/39

10,214,429‌

16,015,000

United

States

Treasury

Bond

3

.875

08/15/40

15,622,132‌

12,000,000

United

States

Treasury

Bond

3

.125

11/15/41

10,369,219‌

1,380,000

United

States

Treasury

Bond

2

.500

05/15/46

1,029,448‌

10,450,000

United

States

Treasury

Bond

3

.000

05/15/47

8,548,590‌

1,255,000

United

States

Treasury

Bond

2

.750

08/15/47

979,145‌

42,835,000

United

States

Treasury

Bond

2

.750

11/15/47

33,412,973‌

55,445,000

United

States

Treasury

Bond

3

.000

02/15/48

45,445,408‌

510,000

United

States

Treasury

Bond

3

.125

05/15/48

428,619‌

45,841,000

United

States

Treasury

Bond

3

.375

11/15/48

40,436,776‌

21,738,864

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.500

04/15/24

21,139,594‌

1,000,000

United

States

Treasury

Note

0

.125

05/31/23

982,148‌

25,000,000

United

States

Treasury

Note

0

.125

08/31/23

24,245,117‌

230,000,000

United

States

Treasury

Note

0

.250

03/15/24

218,041,796‌

21,300,000

United

States

Treasury

Note

2

.500

04/30/24

20,694,281‌

795,000

United

States

Treasury

Note

2

.500

05/31/24

771,305‌

7,955,000

United

States

Treasury

Note

3

.250

08/31/24

7,789,064‌

75,000,000

United

States

Treasury

Note

4

.250

09/30/24

74,616,211‌

17,400,000

United

States

Treasury

Note

4

.250

12/31/24

17,339,508‌

1,875,000

United

States

Treasury

Note

2

.875

06/15/25

1,812,232‌

34,690,000

United

States

Treasury

Note

4

.000

12/15/25

34,467,767‌

8,150,000

United

States

Treasury

Note

0

.875

09/30/26

7,236,627‌

175,570,000

United

States

Treasury

Note

1

.250

12/31/26

157,224,306‌

27,500,000

United

States

Treasury

Note

3

.875

12/31/27

27,341,016‌

675,000

United

States

Treasury

Note

1

.000

07/31/28

573,776‌

218,000

United

States

Treasury

Note

1

.125

08/31/28

186,135‌

6,300,000

United

States

Treasury

Note

1

.375

10/31/28

5,437,934‌

7,290,000

United

States

Treasury

Note

3

.250

06/30/29

6,976,188‌

141,050,000

United

States

Treasury

Note

4

.000

10/31/29

141,094,078‌

25,000,000

United

States

Treasury

Note

3

.875

12/31/29

24,875,000‌

6,775,000

United

States

Treasury

Note

1

.250

08/15/31

5,493,572‌

252,713,400

United

States

Treasury

Note

4

.125

11/15/32

257,886,127‌

2,850,000

United

States

Treasury

Note

1

.875

02/15/41

2,014,371‌

4,507,000

United

States

Treasury

Note

1

.750

08/15/41

3,084,302‌

33,830,000

United

States

Treasury

Note

2

.000

11/15/41

24,155,413‌

370,024,100

United

States

Treasury

Note

2

.375

02/15/42

282,519,180‌

4,115,000

United

States

Treasury

Note

3

.250

05/15/42

3,607,698‌

12,000,000

United

States

Treasury

Note

3

.375

08/15/42

10,725,000‌

84,192,000

e

United

States

Treasury

Note

4

.000

11/15/42

82,429,230‌

215,177,000

United

States

Treasury

Note

2

.250

02/15/52

149,632,067‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

177

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

U.S.

TREASURY

SECURITIES—continued

$

147,010,000

United

States

Treasury

Note

3

.000

%

08/15/52

$

121,122,458‌

TOTAL

U.S.

TREASURY

SECURITIES

1,904,075,842‌

TOTAL

GOVERNMENT

BONDS

4,085,290,948‌

(Cost

$4,416,370,741)

STRUCTURED

ASSETS

-

16

.0

%

ASSET

BACKED

-

6

.2

%

4,000,000

g,i

AGL

CLO

19

Ltd

4

.908

07/21/35

3,946,196‌

Series

-

2022

19A

(Class

B1)

3,375,000

g,i

AIMCO

CLO

16

Ltd

LIBOR

3

M

+

1.650%

5

.729

01/17/35

3,251,644‌

Series

-

2021

16A

(Class

B)

10,000,000

g,i

AIMCO

CLO

Series

LIBOR

3

M

+

1.050%

5

.293

04/20/34

9,741,290‌

Series

-

2017

AA

(Class

AR)

10,000,000

g,i

AIMCO

CLO

Series

LIBOR

3

M

+

1.500%

5

.743

04/20/34

9,578,240‌

Series

-

2017

AA

(Class

BR)

1,000,000

AmeriCredit

Automobile

Receivables

Trust

2

.130

03/18/26

936,046‌

Series

-

2020

2

(Class

D)

17,000,000

AmeriCredit

Automobile

Receivables

Trust

1

.210

12/18/26

15,210,735‌

Series

-

2021

1

(Class

D)

2,000,000

g

AMSR

Trust

3

.148

01/19/39

1,769,930‌

Series

-

2019

SFR1

(Class

C)

1,865,000

g

AMSR

Trust

3

.247

01/19/39

1,639,443‌

Series

-

2019

SFR1

(Class

D)

7,776,782

g

Apollo

aviation

securitization

2

.798

01/15/47

6,259,335‌

Series

-

2021

2A

(Class

A)

2,722,500

g

Applebee's

Funding

LLC

4

.194

06/05/49

2,675,096‌

Series

-

2019

1A

(Class

A2I)

55,677

†,g

Asset

Backed

Funding

Corp

NIM

Trust

5

.900

07/26/35

1‌

Series

-

2005

WMC1

(Class

N1)

1,181,200

g

Avis

Budget

Rental

Car

Funding

AESOP

LLC

2

.020

02/20/27

1,070,439‌

Series

-

2020

2A

(Class

A)

6,800,000

g

Avis

Budget

Rental

Car

Funding

AESOP

LLC

1

.630

08/20/27

5,742,330‌

Series

-

2021

1A

(Class

B)

3,100,000

g

Avis

Budget

Rental

Car

Funding

AESOP

LLC

2

.130

08/20/27

2,576,862‌

Series

-

2021

1A

(Class

C)

1,500,000

g,i

Bonanza

RE

Ltd

U.S.

Treasury

Bill

3

M

+

4.750%

9

.090

12/23/24

1,275,000‌

Series

-

2020

A

(Class

A)

967,962

g

BRE

Grand

Islander

Timeshare

Issuer

LLC

3

.280

09/26/33

909,092‌

Series

-

2019

A

(Class

A)

1,618,638

g

British

Airways

Pass

Through

Trust

3

.800

09/20/31

1,458,647‌

Series

-

2018

1

(Class

AA)

5,403,527

g

Capital

Automotive

REIT

2

.690

02/15/50

5,036,510‌

Series

-

2020

1A

(Class

A1)

3,885,644

g

Capital

Automotive

REIT

1

.440

08/15/51

3,328,437‌

Series

-

2021

1A

(Class

A1)

8,387,750

g

Capital

Automotive

REIT

1

.920

08/15/51

7,196,423‌

Series

-

2021

1A

(Class

A3)

1,440,000

CarMax

Auto

Owner

Trust

1

.280

07/15/27

1,281,938‌

Series

-

2021

1

(Class

D)

5,782,000

g

Cars

Net

Lease

Mortgage

Notes

Series

2

.010

12/15/50

4,886,839‌

Series

-

2020

1A

(Class

A1)

9,900,000

g

Cars

Net

Lease

Mortgage

Notes

Series

3

.100

12/15/50

8,632,078‌

Series

-

2020

1A

(Class

A3)

2,500,000

Carvana

Auto

Receivables

Trust

1

.270

03/10/28

2,364,624‌

Series

-

2021

N2

(Class

D)

9,150,000

Carvana

Auto

Receivables

Trust

1

.720

09/11/28

8,734,155‌

Series

-

2021

N4

(Class

C)

3,340,000

g

Carvana

Auto

Receivables

Trust

4

.130

12/11/28

3,144,885‌

Series

-

2022

N1

(Class

D)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

178

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

4,150,000

g,i

Cayuga

Park

CLO

Ltd

LIBOR

3

M

+

1.650%

1

.000

%

07/17/34

$

3,992,175‌

Series

-

2020

1A

(Class

B1R)

279,991

i

C-BASS

Trust

LIBOR

1

M

+

0.160%

3

.039

07/25/36

264,597‌

Series

-

2006

CB6

(Class

A1)

8,817,685

†,g,i

CBRE

Realty

Finance

LIBOR

3

M

+

0.300%

0

.438

04/07/52

22,044‌

Series

-

2007

1A

(Class

A2)

8,855,943

g

CF

Hippolyta

LLC

1

.690

07/15/60

7,904,745‌

Series

-

2020

1

(Class

A1)

2,666,285

g

CF

Hippolyta

LLC

1

.990

07/15/60

2,199,231‌

Series

-

2020

1

(Class

A2)

1,816,604

g

CF

Hippolyta

LLC

2

.280

07/15/60

1,585,489‌

Series

-

2020

1

(Class

B1)

1,493,086

g,i

CIFC

Funding

Ltd

LIBOR

3

M

+

1.220%

5

.463

07/20/30

1,478,139‌

Series

-

2017

3A

(Class

A1)

5,855,000

g,i

CIFC

Funding

Ltd

LIBOR

3

M

+

1.600%

5

.843

10/20/34

5,645,151‌

Series

-

2020

2A

(Class

BR)

3,000,000

g,i

CIFC

Funding

Ltd

7

.214

10/22/35

3,000,996‌

Series

-

2022

7A

(Class

B1)

5,625,000

g,i

CIFC

Funding

Ltd

LIBOR

3

M

+

1.650%

5

.729

07/15/36

5,443,211‌

Series

-

2020

1A

(Class

BR)

10,509

CIT

Group

Home

Equity

Loan

Trust

(Step

Bond)

6

.200

02/25/30

10,217‌

Series

-

2002

1

(Class

AF6)

11,450,000

g

Cologix

Data

Centers

US

Issuer

LLC

3

.300

12/26/51

10,004,365‌

Series

-

2021

1A

(Class

A2)

1,088,438

g

DB

Master

Finance

LLC

4

.352

05/20/49

992,420‌

Series

-

2019

1A

(Class

A23)

16,830,000

g

DB

Master

Finance

LLC

2

.045

11/20/51

14,365,583‌

Series

-

2021

1A

(Class

A2I)

13,266,000

g

DB

Master

Finance

LLC

2

.493

11/20/51

10,903,684‌

Series

-

2021

1A

(Class

A2II)

885,582

g

Diamond

Resorts

Owner

Trust

2

.890

02/20/32

865,545‌

Series

-

2019

1A

(Class

A)

2,459,080

g

Diamond

Resorts

Owner

Trust

2

.050

11/21/33

2,230,072‌

Series

-

2021

1A

(Class

B)

2,538,000

g

Domino's

Pizza

Master

Issuer

LLC

4

.474

10/25/45

2,418,574‌

Series

-

2015

1A

(Class

A2II)

2,304,000

g

Domino's

Pizza

Master

Issuer

LLC

4

.116

07/25/48

2,180,923‌

Series

-

2018

1A

(Class

A2I)

13,740,750

g

Domino's

Pizza

Master

Issuer

LLC

2

.662

04/25/51

11,427,934‌

Series

-

2021

1A

(Class

A2I)

3,800,000

g,i

Dryden

49

Senior

Loan

Fund

LIBOR

3

M

+

1.600%

5

.794

07/18/30

3,690,598‌

Series

-

2017

49A

(Class

BR)

11,800,000

g

DT

Auto

Owner

Trust

1

.160

11/16/26

10,867,120‌

Series

-

2021

1A

(Class

D)

1,226,571

g,i

Ellington

Loan

Acquisition

Trust

LIBOR

1

M

+

1.100%

5

.489

05/25/37

1,204,905‌

Series

-

2007

2

(Class

A2C)

22,540,000

g

Flexential

Issuer,

LLC

3

.250

11/27/51

19,649,781‌

Series

-

2021

1A

(Class

A2)

15,896,379

g

FNA

VI

LLC

1

.350

01/10/32

14,457,669‌

Series

-

2021

1A

(Class

A)

23,000,000

g,i

Gracie

Point

International

Funding

6

.795

07/01/24

23,003,379‌

Series

-

2022

2A

(Class

A)

4,000,000

g,i

Gracie

Point

International

Funding

7

.395

07/01/24

4,000,586‌

Series

-

2022

2A

(Class

B)

10,999,896

g,i

GRACIE

POINT

INTERNATIONAL

FUNDING

6

.295

04/01/24

10,922,318‌

Series

-

2022

1A

(Class

A)

1,960,000

g

Hardee's

Funding

LLC

3

.981

12/20/50

1,678,466‌

Series

-

2020

1A

(Class

A2)

705,570

g

HERO

Funding

Trust

3

.190

09/20/48

643,007‌

Series

-

2017

3A

(Class

A1)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

179

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

251,369

g

HERO

Funding

Trust

3

.280

%

09/20/48

$

232,494‌

Series

-

2017

2A

(Class

A1)

917,241

g

HERO

Funding

Trust

3

.950

09/20/48

847,096‌

Series

-

2017

3A

(Class

A2)

502,738

g

HERO

Funding

Trust

4

.070

09/20/48

468,055‌

Series

-

2017

2A

(Class

A2)

11,850,000

g

Hertz

Vehicle

Financing

LLC

1

.560

12/26/25

10,856,065‌

Series

-

2021

1A

(Class

B)

4,700,000

g

Hertz

Vehicle

Financing

LLC

4

.120

09/25/26

4,385,414‌

Series

-

2022

4A

(Class

B)

3,700,000

g

Hertz

Vehicle

Financing

LLC

4

.610

09/25/26

3,438,611‌

Series

-

2022

4A

(Class

C)

482,756

g

Hilton

Grand

Vacations

Trust

2

.660

12/26/28

475,169‌

Series

-

2017

AA

(Class

A)

362,067

g

Hilton

Grand

Vacations

Trust

2

.960

12/26/28

353,678‌

Series

-

2017

AA

(Class

B)

840,509

g

Hilton

Grand

Vacations

Trust

2

.340

07/25/33

785,042‌

Series

-

2019

AA

(Class

A)

77,326

i

Home

Equity

Asset

Trust

LIBOR

1

M

+

1.500%

3

.986

06/25/33

75,542‌

Series

-

2003

1

(Class

M1)

3,570,521

g

Horizon

Aircraft

Finance

II

Ltd

3

.721

07/15/39

2,808,675‌

Series

-

2019

1

(Class

A)

4,226,535

g

Horizon

Aircraft

Finance

III

Ltd

3

.425

11/15/39

3,258,687‌

Series

-

2019

2

(Class

A)

3,450,000

g

Hpefs

Equipment

Trust

4

.430

09/20/29

3,332,122‌

Series

-

2022

2A

(Class

C)

3,750,000

†,g

Industrial

DPR

Funding

Ltd

5

.380

04/15/34

3,160,387‌

Series

-

2022

1A

(Class

1)

799,963

g,i

Invitation

Homes

Trust

LIBOR

1

M

+

1.250%

5

.589

01/17/38

786,484‌

Series

-

2018

SFR4

(Class

B)

5,250,000

g,i

La

Vie

Re

Ltd

LIBOR

3

M

+

2.850%

6

.819

10/06/23

5,092,500‌

Series

-

2020

A

(Class

A)

7,750,000

g,i

Madison

Park

Funding

LIX

Ltd

LIBOR

3

M

+

2.100%

6

.294

01/18/34

7,393,399‌

Series

-

2021

59A

(Class

C)

3,500,000

g,i

Madison

Park

Funding

LV

Ltd

5

.441

07/18/35

3,462,735‌

Series

-

2022

55A

(Class

B1)

4,000,000

g,i

Magnetite

XIX

Ltd

LIBOR

3

M

+

1.550%

5

.629

04/17/34

3,846,272‌

Series

-

2017

19A

(Class

B1R)

530,000

g,i

Magnetite

XVIII

Ltd

LIBOR

3

M

+

1.500%

6

.106

11/15/28

518,674‌

Series

-

2016

18A

(Class

BR)

2,236,918

g

MAPS

Trust

2

.521

06/15/46

1,856,045‌

Series

-

2021

1A

(Class

A)

2,700,000

g,i

Massachusetts

St

LIBOR

3

M

+

1.650%

5

.729

01/15/35

2,609,067‌

Series

-

2021

3A

(Class

B)

1,750,000

g,i

MSCG

Trust

3

.462

06/07/35

1,416,252‌

Series

-

2015

ALDR

(Class

D)

5,250,000

g,i

MSCG

Trust

3

.462

06/07/35

4,436,305‌

Series

-

2015

ALDR

(Class

C)

1,373,619

g

MVW

LLC

1

.830

05/20/39

1,230,794‌

Series

-

2021

2A

(Class

B)

2,839,810

g

MVW

LLC

1

.440

01/22/41

2,570,917‌

Series

-

2021

1WA

(Class

B)

1,789,080

g

MVW

LLC

1

.940

01/22/41

1,605,666‌

Series

-

2021

1WA

(Class

C)

787,659

g

MVW

Owner

Trust

2

.750

12/20/34

760,814‌

Series

-

2017

1A

(Class

B)

1,454,451

g

MVW

Owner

Trust

3

.000

11/20/36

1,364,508‌

Series

-

2019

1A

(Class

B)

1,910,611

g

Navient

Private

Education

Refi

Loan

Trust

1

.310

01/15/69

1,714,727‌

Series

-

2020

HA

(Class

A)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

180

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

1,477,021

g

Navient

Student

Loan

Trust

3

.390

%

12/15/59

$

1,395,318‌

Series

-

2019

BA

(Class

A2A)

16,000,000

g,i

Neuberger

Berman

Loan

Advisers

CLO

31

Ltd

LIBOR

3

M

+

1.550%

5

.793

04/20/31

15,522,608‌

Series

-

2019

31A

(Class

BR)

6,750,000

g,i

Neuberger

Berman

Loan

Advisers

Clo

40

Ltd

LIBOR

3

M

+

1.400%

5

.479

04/16/33

6,520,655‌

Series

-

2021

40A

(Class

B)

5,461,981

g

Oak

Street

Investment

Grade

Net

Lease

Fund

Series

1

.480

01/20/51

4,768,900‌

Series

-

2021

1A

(Class

A1)

4,907,216

g

Oak

Street

Investment

Grade

Net

Lease

Fund

Series

2

.380

11/20/51

4,306,187‌

Series

-

2021

2A

(Class

A1)

5,450,000

g,i

OHA

Credit

Funding

10

Ltd

LIBOR

3

M

+

1.650%

5

.844

01/18/36

5,273,306‌

Series

-

2021

10A

(Class

B)

4,165,579

g

OneMain

Financial

Issuance

Trust

3

.840

05/14/32

4,135,201‌

Series

-

2020

1A

(Class

A)

10,000,000

g

OneMain

Financial

Issuance

Trust

1

.750

09/14/35

8,735,704‌

Series

-

2020

2A

(Class

A)

7,250,000

g

Oportun

Funding

XIV

LLC

1

.210

03/08/28

6,751,042‌

Series

-

2021

A

(Class

A)

3,515,000

g

Oportun

Issuance

Trust

1

.960

05/08/31

3,036,153‌

Series

-

2021

B

(Class

B)

445,070

g

Orange

Lake

Timeshare

Trust

3

.100

11/08/30

430,537‌

Series

-

2018

A

(Class

A)

5,300,000

g

PFS

Financing

Corp

1

.270

06/15/25

5,192,508‌

Series

-

2020

A

(Class

A)

2,500,000

g

PFS

Financing

Corp

1

.000

10/15/25

2,409,903‌

Series

-

2020

E

(Class

A)

3,688,000

g

PFS

Financing

Corp

0

.970

02/15/26

3,479,507‌

Series

-

2020

G

(Class

A)

3,000,000

g

PFS

Financing

Corp

0

.710

04/15/26

2,822,789‌

Series

-

2021

A

(Class

A)

6,750,000

g

PFS

Financing

Corp

0

.960

04/15/26

6,334,489‌

Series

-

2021

A

(Class

B)

1,500,000

g

Progress

Residential

Trust

2

.711

11/17/40

1,164,346‌

Series

-

2021

SFR9

(Class

D)

1,500,000

g

Purchasing

Power

Funding

LLC

1

.570

10/15/25

1,457,836‌

Series

-

2021

A

(Class

A)

2,000,000

g

Regional

Management

Issuance

Trust

7

.100

11/17/32

2,011,111‌

Series

-

2022

2B

(Class

A)

3,453,149

g

Renew

3

.950

09/20/53

3,172,067‌

Series

-

2018

1

(Class

A)

6,600,000

Santander

Drive

Auto

Receivables

Trust

2

.220

09/15/26

6,428,215‌

Series

-

2020

2

(Class

D)

11,659,400

g

SERVPRO

Master

Issuer

LLC

3

.882

10/25/49

10,327,488‌

Series

-

2019

1A

(Class

A2)

3,299,750

g

SERVPRO

Master

Issuer

LLC

2

.394

04/25/51

2,581,084‌

Series

-

2021

1A

(Class

A2)

2,646,932

g

Settlement

Fee

Finance

LLC

3

.840

11/01/49

2,547,558‌

Series

-

2019

1A

(Class

A)

937,666

g

Sierra

Timeshare

Receivables

Funding

LLC

3

.650

06/20/35

902,847‌

Series

-

2018

2A

(Class

B)

788,546

g

Sierra

Timeshare

Receivables

Funding

LLC

3

.200

01/20/36

757,992‌

Series

-

2019

1A

(Class

A)

1,703,594

g

Sierra

Timeshare

Receivables

Funding

LLC

0

.990

11/20/37

1,576,338‌

Series

-

2021

1A

(Class

A)

1,847,155

g

Sierra

Timeshare

Receivables

Funding

LLC

1

.340

11/20/37

1,689,381‌

Series

-

2021

1A

(Class

B)

1,024,070

g

Sierra

Timeshare

Receivables

Funding

LLC

1

.790

11/20/37

936,154‌

Series

-

2021

1A

(Class

C)

2,144,631

g

SMB

Private

Education

Loan

Trust

2

.430

02/17/32

2,049,499‌

Series

-

2016

B

(Class

A2A)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

181

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

1,567,922

g

SMB

Private

Education

Loan

Trust

2

.880

%

09/15/34

$

1,502,924‌

Series

-

2017

A

(Class

A2A)

1,413,657

g

SMB

Private

Education

Loan

Trust

2

.820

10/15/35

1,345,888‌

Series

-

2017

B

(Class

A2A)

390,592

g

SoFi

Professional

Loan

Program

LLC

2

.340

04/25/33

382,482‌

Series

-

2016

D

(Class

A2B)

136,838

g

SoFi

Professional

Loan

Program

LLC

2

.400

03/26/40

135,717‌

Series

-

2017

A

(Class

A2B)

314,801

g

SoFi

Professional

Loan

Program

LLC

2

.740

05/25/40

310,835‌

Series

-

2017

B

(Class

A2FX)

189,124

g

SoFi

Professional

Loan

Program

LLC

2

.630

07/25/40

185,617‌

Series

-

2017

C

(Class

A2B)

234,177

g

SoFi

Professional

Loan

Program

LLC

2

.720

11/26/40

232,543‌

Series

-

2017

E

(Class

A2B)

1,425,270

g

SoFi

Professional

Loan

Program

LLC

2

.840

01/25/41

1,372,799‌

Series

-

2017

F

(Class

A2FX)

1,004,144

g

SoFi

Professional

Loan

Program

LLC

3

.690

06/15/48

970,500‌

Series

-

2019

A

(Class

A2FX)

881,846

†,g

SolarCity

LMC

4

.800

11/20/38

833,873‌

Series

-

2013

1

(Class

A)

13,595,200

g

Sonic

Capital

LLC

3

.845

01/20/50

12,052,689‌

Series

-

2020

1A

(Class

A2I)

4,438,070

g

SpringCastle

America

Funding

LLC

1

.970

09/25/37

4,002,156‌

Series

-

2020

AA

(Class

A)

3,950,000

g

Stack

Infrastructure

Issuer

LLC

1

.893

08/25/45

3,514,620‌

Series

-

2020

1A

(Class

A2)

159,679

i

Structured

Asset

Investment

Loan

Trust

LIBOR

1

M

+

0.900%

5

.289

09/25/34

155,212‌

Series

-

2004

8

(Class

M1)

1,795,500

g

Taco

Bell

Funding

LLC

4

.970

05/25/46

1,722,179‌

Series

-

2016

1A

(Class

A23)

15,101,460

g

Taco

Bell

Funding

LLC

1

.946

08/25/51

12,761,081‌

Series

-

2021

1A

(Class

A2I)

9,741,600

g

Taco

Bell

Funding

LLC

2

.294

08/25/51

7,826,090‌

Series

-

2021

1A

(Class

A2II)

1,000,000

g

Tesla

Auto

Lease

Trust

0

.780

12/20/23

996,427‌

Series

-

2020

A

(Class

A4)

5,250,000

g,i

TICP

CLO

VIII

Ltd

LIBOR

3

M

+

1.700%

5

.943

10/20/34

5,062,255‌

Series

-

2017

8A

(Class

A2R)

650,000

g

Tricon

American

Homes

Trust

2

.049

07/17/38

570,657‌

Series

-

2020

SFR1

(Class

B)

3,800,000

g,i

Ursa

Re

II

Ltd

U.S.

Treasury

Bill

3

M

+

3.940%

8

.277

12/07/23

3,703,100‌

Series

-

2020

A

(Class

AA)

6,082,321

g

Vine

2

.790

11/15/50

5,058,489‌

Series

-

2020

1A

(Class

A)

4,200,000

g,i

Vitality

Re

X

Ltd

U.S.

Treasury

Bill

3

M

+

1.750%

6

.087

01/10/23

4,199,580‌

Series

-

2020

A

(Class

A)

10,007,600

g

Wendy's

Funding

LLC

2

.370

06/15/51

8,079,376‌

Series

-

2021

1A

(Class

A2I)

TOTAL

ASSET

BACKED

560,535,147‌

OTHER

MORTGAGE

BACKED

-

9

.8

%

1,810,323

g,i

ACRE

Commercial

Mortgage

Ltd

LIBOR

1

M

+

0.830%

5

.169

12/18/37

1,793,888‌

Series

-

2021

FL4

(Class

A)

81,829

g,i

Agate

Bay

Mortgage

Trust

3

.500

09/25/45

72,938‌

Series

-

2015

6

(Class

A9)

4,335,000

g,i

Angel

Oak

Mortgage

Trust

2

.837

11/25/66

2,829,409‌

Series

-

2021

8

(Class

A3)

1,870,000

g

BAMLL

Commercial

Mortgage

Securities

Trust

3

.490

04/14/33

1,717,977‌

Series

-

2015

200P

(Class

B)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

182

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

2,486,000

Banc

of

America

Commercial

Mortgage

Trust

3

.705

%

09/15/48

$

2,361,594‌

Series

-

2015

UBS7

(Class

A4)

1,910,000

i

Banc

of

America

Commercial

Mortgage

Trust

4

.339

09/15/48

1,734,795‌

Series

-

2015

UBS7

(Class

B)

4,935,789

Banc

of

America

Commercial

Mortgage

Trust

3

.366

02/15/50

4,743,207‌

Series

-

2017

BNK3

(Class

ASB)

5,000,000

BANK

3

.731

11/15/50

4,504,831‌

Series

-

2017

BNK8

(Class

AS)

1,500,000

i

BANK

3

.952

11/15/50

1,281,462‌

Series

-

2017

BNK8

(Class

B)

1,000,000

i

BANK

4

.096

11/15/50

817,102‌

Series

-

2017

BNK8

(Class

C)

3,750,000

g

BANK

2

.500

10/17/52

2,398,216‌

Series

-

2019

BN21

(Class

D)

1,000,000

BANK

3

.093

10/17/52

836,237‌

Series

-

2019

BN21

(Class

AS)

2,500,000

BANK

3

.203

12/15/52

2,112,186‌

Series

-

2019

BN23

(Class

AS)

1,637,000

BANK

3

.455

12/15/52

1,305,505‌

Series

-

2019

BN23

(Class

B)

6,663,800

BANK

3

.289

07/15/60

6,402,054‌

Series

-

2017

BNK6

(Class

ASB)

2,000,000

i

BANK

3

.283

11/15/62

1,705,854‌

Series

-

2019

BN24

(Class

AS)

5,212,874

g,i

Bayview

MSR

Opportunity

Master

Fund

Trust

3

.000

10/25/51

4,168,114‌

Series

-

2021

6

(Class

A19)

7,784,601

g,i

Bayview

MSR

Opportunity

Master

Fund

Trust

3

.000

02/25/52

6,224,417‌

Series

-

2022

5

(Class

A19)

1,250,000

g,i

BBCMS

Mortgage

Trust

4

.267

08/05/38

813,179‌

Series

-

2018

CHRS

(Class

E)

1,500,000

g

BBCMS

Trust

4

.798

08/10/35

1,377,976‌

Series

-

2015

SRCH

(Class

C)

2,575,000

g,i

Benchmark

Mortgage

Trust

2

.791

09/15/48

2,052,440‌

Series

-

2020

IG2

(Class

AM)

2,500,000

g,i

Benchmark

Mortgage

Trust

3

.132

09/15/48

2,028,142‌

Series

-

2020

IG3

(Class

AS)

2,500,000

g,i

Benchmark

Mortgage

Trust

3

.536

09/15/48

2,107,444‌

Series

-

2020

IG3

(Class

BXA)

1,380,000

Benchmark

Mortgage

Trust

4

.016

03/15/52

1,301,817‌

Series

-

2019

B9

(Class

A5)

1,250,000

i

Benchmark

Mortgage

Trust

4

.971

03/15/52

992,453‌

Series

-

2019

B9

(Class

C)

550,000

Benchmark

Mortgage

Trust

3

.419

08/15/52

480,494‌

Series

-

2019

B12

(Class

AS)

1,200,000

i

Benchmark

Mortgage

Trust

4

.510

05/15/53

1,162,961‌

Series

-

2018

B7

(Class

A4)

5,250,000

i

Benchmark

Mortgage

Trust

2

.244

08/15/54

3,749,857‌

Series

-

2021

B28

(Class

B)

9,000,000

Benchmark

Mortgage

Trust

2

.429

08/15/54

6,976,354‌

Series

-

2021

B28

(Class

AS)

1,680,000

g

Benchmark

Mortgage

Trust

2

.500

12/15/62

1,056,600‌

Series

-

2019

B14

(Class

D)

1,631,129

g,i

BX

TRUST

7

.285

08/15/39

1,621,039‌

Series

-

2022

PSB

(Class

B)

4,500,000

g,i

BXP

Trust

2

.775

01/15/44

2,827,885‌

Series

-

2021

601L

(Class

D)

6,500,000

i

CD

Mortgage

Trust

3

.879

11/10/49

5,522,590‌

Series

-

2016

CD2

(Class

B)

3,030,000

i

CD

Mortgage

Trust

3

.980

11/10/49

2,443,181‌

Series

-

2016

CD2

(Class

C)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

183

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

7,512,771

CD

Mortgage

Trust

3

.453

%

02/10/50

$

7,179,019‌

Series

-

2017

CD3

(Class

AAB)

4,750,000

CD

Mortgage

Trust

3

.833

02/10/50

4,278,963‌

Series

-

2017

CD3

(Class

AS)

6,635,000

i

CD

Mortgage

Trust

3

.984

02/10/50

5,648,216‌

Series

-

2017

CD3

(Class

B)

3,630,000

i

CD

Mortgage

Trust

4

.547

02/10/50

2,777,019‌

Series

-

2017

CD3

(Class

C)

5,000,000

i

CD

Mortgage

Trust

3

.684

08/15/50

4,490,836‌

Series

-

2017

CD5

(Class

AS)

3,600,000

CD

Mortgage

Trust

2

.812

08/15/57

3,252,653‌

Series

-

2019

CD8

(Class

ASB)

49,158

g,i

CF

Mortgage

Trust

2

.840

04/15/25

47,096‌

Series

-

2020

P1

(Class

A1)

1,750,000

g,i

CF

Mortgage

Trust

3

.603

04/15/52

1,604,223‌

Series

-

2020

P1

(Class

A2)

1,175,400

CGMS

Commercial

Mortgage

Trust

3

.458

08/15/50

1,078,057‌

Series

-

2017

B1

(Class

A4)

74,628

i

CHL

Mortgage

Pass-Through

Trust

3

.671

02/20/35

74,056‌

Series

-

2004

HYB9

(Class

1A1)

1,750,000

g,i

Citigroup

Commercial

Mortgage

Trust

3

.518

05/10/35

1,624,412‌

Series

-

2013

375P

(Class

B)

2,000,000

g

Citigroup

Commercial

Mortgage

Trust

3

.896

05/10/36

1,972,258‌

Series

-

2019

PRM

(Class

C)

1,000,000

g,i

Citigroup

Commercial

Mortgage

Trust

4

.481

07/10/47

901,487‌

Series

-

2014

GC23

(Class

D)

500,000

i

Citigroup

Commercial

Mortgage

Trust

3

.758

04/10/48

459,718‌

Series

-

2015

GC29

(Class

B)

2,000,000

i

Citigroup

Commercial

Mortgage

Trust

4

.140

04/10/48

1,801,138‌

Series

-

2015

GC29

(Class

C)

6,000,000

g,i

COMM

Mortgage

Trust

3

.538

10/10/29

5,508,969‌

Series

-

2017

PANW

(Class

C)

131,100

g

COMM

Mortgage

Trust

3

.178

02/10/35

121,326‌

Series

-

2015

3BP

(Class

A)

626,247

COMM

Mortgage

Trust

2

.853

10/15/45

622,827‌

Series

-

2012

CR4

(Class

A3)

1,500,000

g,i

COMM

Mortgage

Trust

4

.869

08/10/46

1,459,793‌

Series

-

2013

CR10

(Class

C)

2,000,000

g,i

COMM

Mortgage

Trust

5

.009

08/10/46

1,955,661‌

Series

-

2013

LC13

(Class

B)

6,500,000

i

COMM

Mortgage

Trust

4

.590

02/10/47

6,254,934‌

Series

-

2014

CR14

(Class

B)

1,235,000

COMM

Mortgage

Trust

4

.199

03/10/47

1,199,041‌

Series

-

2014

UBS2

(Class

AM)

2,537,089

COMM

Mortgage

Trust

4

.701

03/10/47

2,449,397‌

Series

-

2014

UBS2

(Class

B)

2,798,577

i

COMM

Mortgage

Trust

4

.947

03/10/47

2,651,472‌

Series

-

2014

UBS2

(Class

C)

1,200,000

i

COMM

Mortgage

Trust

5

.002

04/10/47

1,142,580‌

Series

-

2014

LC15

(Class

C)

750,000

COMM

Mortgage

Trust

4

.174

05/10/47

724,802‌

Series

-

2014

CR17

(Class

AM)

3,896,000

i

COMM

Mortgage

Trust

4

.736

06/10/47

3,670,994‌

Series

-

2014

UBS3

(Class

C)

5,150,000

g,i

COMM

Mortgage

Trust

4

.767

06/10/47

4,634,414‌

Series

-

2014

UBS3

(Class

D)

6,400,000

COMM

Mortgage

Trust

3

.917

10/10/47

6,207,176‌

Series

-

2014

LC17

(Class

A5)

814,129

COMM

Mortgage

Trust

3

.040

02/10/48

795,243‌

Series

-

2015

LC19

(Class

ASB)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

184

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

2,498,000

i

COMM

Mortgage

Trust

3

.829

%

02/10/48

$

2,307,423‌

Series

-

2015

LC19

(Class

B)

2,497,000

g

COMM

Mortgage

Trust

3

.000

03/10/48

1,960,460‌

Series

-

2015

CR22

(Class

E)

575,000

i

COMM

Mortgage

Trust

3

.603

03/10/48

542,551‌

Series

-

2015

CR22

(Class

AM)

4,250,000

i

COMM

Mortgage

Trust

3

.926

03/10/48

3,938,872‌

Series

-

2015

CR22

(Class

B)

2,000,000

g,i

COMM

Mortgage

Trust

4

.070

03/10/48

1,724,609‌

Series

-

2015

CR22

(Class

D)

1,000,000

i

COMM

Mortgage

Trust

4

.070

03/10/48

911,363‌

Series

-

2015

CR22

(Class

C)

2,000,000

COMM

Mortgage

Trust

3

.801

05/10/48

1,889,063‌

Series

-

2015

CR23

(Class

AM)

3,936,016

i

COMM

Mortgage

Trust

4

.183

05/10/48

3,644,439‌

Series

-

2015

CR23

(Class

B)

2,500,000

i

COMM

Mortgage

Trust

4

.301

05/10/48

2,288,166‌

Series

-

2015

CR23

(Class

C)

2,500,000

i

COMM

Mortgage

Trust

4

.301

05/10/48

2,106,530‌

Series

-

2015

CR23

(Class

D)

1,717,386

COMM

Mortgage

Trust

3

.432

08/10/48

1,635,594‌

Series

-

2015

CR24

(Class

A4)

1,500,000

i

COMM

Mortgage

Trust

3

.463

08/10/48

1,225,020‌

Series

-

2015

CR24

(Class

D)

3,640,000

i

COMM

Mortgage

Trust

4

.028

08/10/48

3,434,791‌

Series

-

2015

CR24

(Class

AM)

1,000,000

i

COMM

Mortgage

Trust

4

.344

08/10/48

926,055‌

Series

-

2015

CR24

(Class

B)

2,000,000

i

COMM

Mortgage

Trust

4

.344

08/10/48

1,798,568‌

Series

-

2015

CR24

(Class

C)

2,250,000

i

COMM

Mortgage

Trust

4

.518

08/10/48

2,080,145‌

Series

-

2015

CR25

(Class

B)

2,600,000

COMM

Mortgage

Trust

3

.630

10/10/48

2,470,267‌

Series

-

2015

CR26

(Class

A4)

1,000,000

COMM

Mortgage

Trust

3

.984

10/10/48

938,161‌

Series

-

2015

CR27

(Class

AM)

1,627,000

i

COMM

Mortgage

Trust

4

.467

10/10/48

1,515,059‌

Series

-

2015

CR26

(Class

B)

3,306,000

i

COMM

Mortgage

Trust

4

.467

10/10/48

2,982,597‌

Series

-

2015

CR26

(Class

C)

7,724,000

i

COMM

Mortgage

Trust

4

.554

10/10/48

6,930,506‌

Series

-

2015

LC23

(Class

C)

1,080,000

COMM

Mortgage

Trust

3

.762

02/10/49

1,027,048‌

Series

-

2016

CR28

(Class

A4)

5,000,000

i

COMM

Mortgage

Trust

4

.605

02/10/49

4,646,232‌

Series

-

2016

CR28

(Class

B)

5,000,000

COMM

Mortgage

Trust

3

.263

08/15/57

4,177,972‌

Series

-

2019

GC44

(Class

AM)

640,000

g,i

Connecticut

Avenue

Securities

Trust

5

.478

10/25/41

624,157‌

Series

-

2021

R01

(Class

1M2)

1,400,000

g,i

Connecticut

Avenue

Securities

Trust

7

.228

11/25/41

1,296,243‌

Series

-

2021

R02

(Class

2B1)

15,055,000

g,i

Connecticut

Avenue

Securities

Trust

7

.428

03/25/42

15,264,156‌

Series

-

2022

R03

(Class

1M2)

4,779,000

g,i

Connecticut

Avenue

Securities

Trust

6

.928

04/25/42

4,634,497‌

Series

-

2022

R05

(Class

2M2)

7,725,000

g,i

Connecticut

Avenue

Securities

Trust

SOFR

+

3.600%

7

.528

07/25/42

7,673,124‌

Series

-

2022

R08

(Class

1M2)

7,910,000

g,i

Connecticut

Avenue

Securities

Trust

8

.694

09/25/42

8,082,248‌

Series

-

2022

R09

(Class

2M2)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

185

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

1,000,000

g,i

CPT

Mortgage

Trust

2

.997

%

11/13/39

$

669,271‌

Series

-

2019

CPT

(Class

E)

116,200

g,i

Credit

Suisse

Mortgage

Capital

Certificates

LIBOR

1

M

+

0.980%

5

.298

05/15/36

114,986‌

Series

-

2019

ICE4

(Class

A)

3,000,000

g,i

Credit

Suisse

Mortgage

Capital

Certificates

LIBOR

1

M

+

1.600%

5

.918

05/15/36

2,940,553‌

Series

-

2019

ICE4

(Class

D)

7,029,004

g,i

Credit

Suisse

Mortgage

Capital

Certificates

2

.405

10/25/66

5,743,926‌

Series

-

2021

NQM8

(Class

A3)

2,500,000

g,i

CSMC

Series

3

.388

10/25/59

2,057,110‌

Series

-

2019

NQM1

(Class

M1)

4,750,000

DBGS

Mortgage

Trust

4

.466

10/15/51

4,534,952‌

Series

-

2018

C1

(Class

A4)

5,000,000

DBJPM

Mortgage

Trust

2

.340

08/15/53

3,877,974‌

Series

-

2020

C9

(Class

AM)

1,200,000

g

DBUBS

Mortgage

Trust

3

.452

10/10/34

1,129,236‌

Series

-

2017

BRBK

(Class

A)

1,999,960

g,i

EQUS

Mortgage

Trust

LIBOR

1

M

+

2.300%

6

.618

10/15/38

1,841,501‌

Series

-

2021

EQAZ

(Class

E)

5,117,139

Federal

Home

Loan

Mortgage

Corp

(FHLMC)

4

.500

10/25/52

4,613,057‌

Series

-

2022

5262

(Class

EZ)

6,145,953

FHLMC

5

.500

11/25/52

6,233,970‌

Series

-

2022

5270

(Class

CZ)

1,232,371

g,i

Flagstar

Mortgage

Trust

4

.035

10/25/47

1,065,171‌

Series

-

2017

2

(Class

B3)

77,468

g,i

Flagstar

Mortgage

Trust

4

.000

09/25/48

73,380‌

Series

-

2018

5

(Class

A11)

1,977,482

g,i

Flagstar

Mortgage

Trust

2

.500

04/25/51

1,520,523‌

Series

-

2021

2

(Class

A4)

6,393,048

g,i

Flagstar

Mortgage

Trust

2

.500

06/01/51

4,915,733‌

Series

-

2021

4

(Class

A21)

23,180,298

g,i

Flagstar

Mortgage

Trust

3

.000

10/25/51

18,534,521‌

Series

-

2021

10INV

(Class

A17)

7,270,000

g,i

Freddie

Mac

STACR

REMIC

Trust

6

.428

01/25/42

6,588,089‌

Series

-

2022

DNA1

(Class

M2)

28,230,000

g,i

Freddie

Mac

STACR

REMIC

Trust

6

.828

04/25/42

27,935,172‌

Series

-

2022

DNA3

(Class

M1B)

2,961,975

g

GS

Mortgage

Securities

Corp

II

3

.419

10/10/32

2,885,245‌

Series

-

2017

SLP

(Class

A)

1,238,000

g,i

GS

Mortgage

Securities

Corp

II

3

.475

09/10/37

1,097,871‌

Series

-

2017

375H

(Class

A)

2,590,000

i

GS

Mortgage

Securities

Corp

II

3

.777

05/10/50

2,432,334‌

Series

-

2015

GC30

(Class

AS)

3,010,000

i

GS

Mortgage

Securities

Corp

II

3

.992

03/10/51

2,835,642‌

Series

-

2018

GS9

(Class

A4)

1,500,000

i

GS

Mortgage

Securities

Corp

II

4

.155

07/10/51

1,414,659‌

Series

-

2018

GS10

(Class

A5)

2,000,000

g,i

GS

Mortgage

Securities

Trust

LIBOR

1

M

+

1.700%

6

.018

07/15/31

1,857,356‌

Series

-

2018

TWR

(Class

C)

2,500,000

g,i

GS

Mortgage

Securities

Trust

4

.285

02/10/46

2,493,430‌

Series

-

2013

GC10

(Class

C)

2,950,000

i

GS

Mortgage

Securities

Trust

4

.310

02/10/48

2,698,318‌

Series

-

2015

GC28

(Class

C)

3,500,000

i

GS

Mortgage

Securities

Trust

4

.018

07/10/48

3,274,307‌

Series

-

2015

GC32

(Class

AS)

3,779,000

i

GS

Mortgage

Securities

Trust

3

.990

10/10/49

3,251,023‌

Series

-

2016

GS3

(Class

C)

3,803,000

i

GS

Mortgage

Securities

Trust

3

.954

11/10/49

3,214,724‌

Series

-

2016

GS4

(Class

C)

6,397,483

GS

Mortgage

Securities

Trust

3

.467

03/10/50

6,108,838‌

Series

-

2017

GS5

(Class

AAB)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

186

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

9,100,951

GS

Mortgage

Securities

Trust

3

.674

%

03/10/50

$

8,491,195‌

Series

-

2017

GS5

(Class

A4)

4,300,000

GS

Mortgage

Securities

Trust

3

.433

05/10/50

3,978,591‌

Series

-

2017

GS6

(Class

A3)

3,000,000

GS

Mortgage

Securities

Trust

3

.837

11/10/50

2,802,195‌

Series

-

2017

GS8

(Class

ABP)

2,500,000

i

GS

Mortgage

Securities

Trust

4

.334

11/10/50

2,095,845‌

Series

-

2017

GS8

(Class

C)

1,260,000

GS

Mortgage

Securities

Trust

3

.968

02/10/52

1,175,417‌

Series

-

2019

GC38

(Class

A4)

2,400,000

i

GS

Mortgage

Securities

Trust

4

.158

02/10/52

2,149,281‌

Series

-

2019

GC38

(Class

AS)

1,000,000

i

GS

Mortgage

Securities

Trust

4

.761

02/10/52

830,325‌

Series

-

2019

GC38

(Class

C)

1,361,000

i

GS

Mortgage

Securities

Trust

3

.405

02/13/53

1,085,285‌

Series

-

2020

GC45

(Class

B)

5,500,000

GS

Mortgage

Securities

Trust

2

.012

12/12/53

4,323,946‌

Series

-

2020

GSA2

(Class

A5)

416,965

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

4

.000

11/25/49

394,537‌

Series

-

2019

PJ2

(Class

A4)

159,744

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

4

.000

11/25/49

151,151‌

Series

-

2019

PJ2

(Class

A1)

1,762,804

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.500

07/25/50

1,490,331‌

Series

-

2020

PJ2

(Class

A4)

808,497

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.000

01/25/51

664,168‌

Series

-

2020

PJ4

(Class

A4)

616,193

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.000

03/27/51

508,041‌

Series

-

2020

PJ5

(Class

A4)

2,240,588

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

2

.500

05/25/51

1,748,825‌

Series

-

2020

PJ6

(Class

A4)

4,745,007

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

2

.500

10/25/51

3,648,524‌

Series

-

2021

PJ5

(Class

A4)

11,539,391

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.000

06/25/52

9,226,675‌

Series

-

2022

PJ2

(Class

A36)

3,663,590

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.000

09/25/52

2,929,336‌

Series

-

2022

PJ4

(Class

A36)

1,018,847

g,i

GS

Mortgage-Backed

Securities

Trust

3

.625

05/25/50

841,832‌

Series

-

2020

PJ1

(Class

B2)

2,736,876

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

07/25/51

2,134,797‌

Series

-

2021

PJ2

(Class

A4)

13,551,854

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

11/25/51

10,420,272‌

Series

-

2021

PJ6

(Class

A4)

19,489,494

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

01/25/52

14,985,834‌

Series

-

2021

PJ7

(Class

A4)

10,061,469

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

01/25/52

7,736,451‌

Series

-

2021

PJ8

(Class

A4)

7,066,110

g,i

GS

Mortgage-Backed

Securities

Trust

3

.000

07/25/52

5,649,926‌

Series

-

2022

INV1

(Class

A4)

7,957,027

g,i

GS

Mortgage-Backed

Securities

Trust

3

.000

09/25/52

6,362,286‌

Series

-

2022

HP1

(Class

A4)

6,322,584

g,i

GS

Mortgage-Backed

Securities

Trust

3

.000

10/25/52

5,055,417‌

Series

-

2022

PJ5

(Class

A36)

818,850

i

HarborView

Mortgage

Loan

Trust

LIBOR

1

M

+

0.620%

4

.959

08/19/45

737,484‌

Series

-

2005

11

(Class

2A1A)

2,000,000

g

Hudson

Yards

Mortgage

Trust

2

.835

08/10/38

1,776,830‌

Series

-

2016

10HY

(Class

A)

3,000,000

g,i

Hudson

Yards

Mortgage

Trust

2

.977

08/10/38

2,616,402‌

Series

-

2016

10HY

(Class

B)

3,500,000

g,i

Hudson

Yards

Mortgage

Trust

2

.977

08/10/38

2,970,332‌

Series

-

2016

10HY

(Class

C)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

187

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

4,700,000

g,i

Hudson

Yards

Mortgage

Trust

2

.943

%

12/10/41

$

3,400,636‌

Series

-

2019

55HY

(Class

D)

2,750,000

g,i

Hudson

Yards

Mortgage

Trust

2

.943

12/10/41

1,944,589‌

Series

-

2019

55HY

(Class

E)

90,024

i

Impac

CMB

Trust

LIBOR

1

M

+

0.660%

5

.049

03/25/35

84,043‌

Series

-

2004

11

(Class

2A1)

2,904,120

g,i

Imperial

Fund

Mortgage

Trust

2

.051

10/25/55

2,576,729‌

Series

-

2020

NQM1

(Class

A3)

1,000,000

g,i

Imperial

Fund

Mortgage

Trust

3

.531

10/25/55

812,238‌

Series

-

2020

NQM1

(Class

M1)

3,000,000

g

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

4

.379

07/05/31

2,762,369‌

Series

-

2018

AON

(Class

B)

1,700,000

g,i

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

4

.122

01/15/46

1,632,526‌

Series

-

2013

C13

(Class

D)

800,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

3

.372

12/15/47

798,033‌

Series

-

2013

C10

(Class

AS)

500,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

3

.379

09/15/50

481,118‌

Series

-

2017

JP7

(Class

A3)

1,000,000

g

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

3

.620

01/16/37

860,039‌

Series

-

2020

NNN

(Class

DFX)

3,453,884

g,i

JP

Morgan

Mortgage

Trust

LIBOR

1

M

-

0.000%

4

.694

12/25/44

3,252,919‌

Series

-

2015

1

(Class

B1)

72,679

g,i

JP

Morgan

Mortgage

Trust

3

.500

05/25/45

65,419‌

Series

-

2015

3

(Class

A19)

445,217

g,i

JP

Morgan

Mortgage

Trust

3

.500

10/25/45

389,232‌

Series

-

2015

6

(Class

A13)

187,956

g,i

JP

Morgan

Mortgage

Trust

3

.500

05/25/46

167,612‌

Series

-

2016

1

(Class

A13)

1,240,253

g,i

JP

Morgan

Mortgage

Trust

3

.500

05/25/47

1,085,968‌

Series

-

2017

2

(Class

A13)

1,085,048

g,i

JP

Morgan

Mortgage

Trust

3

.500

09/25/48

899,332‌

Series

-

2018

3

(Class

A13)

515,741

g,i

JP

Morgan

Mortgage

Trust

3

.500

10/25/48

421,992‌

Series

-

2018

4

(Class

A13)

2,531,013

g,i

JP

Morgan

Mortgage

Trust

3

.500

10/25/48

2,134,112‌

Series

-

2018

5

(Class

A13)

1,306,433

g,i

JP

Morgan

Mortgage

Trust

3

.211

10/26/48

1,229,475‌

Series

-

2017

5

(Class

A2)

146,482

g,i

JP

Morgan

Mortgage

Trust

4

.000

01/25/49

135,150‌

Series

-

2018

8

(Class

A13)

146,496

g,i

JP

Morgan

Mortgage

Trust

4

.000

02/25/49

134,726‌

Series

-

2018

9

(Class

A13)

59,597

g,i

JP

Morgan

Mortgage

Trust

4

.000

05/25/49

55,935‌

Series

-

2019

1

(Class

A15)

113,560

g,i

JP

Morgan

Mortgage

Trust

4

.000

05/25/49

106,581‌

Series

-

2019

1

(Class

A3)

671,162

g,i

JP

Morgan

Mortgage

Trust

LIBOR

1

M

+

0.950%

4

.994

10/25/49

660,420‌

Series

-

2019

INV1

(Class

A11)

3,593,347

g,i

JP

Morgan

Mortgage

Trust

3

.841

06/25/50

2,908,756‌

Series

-

2020

1

(Class

B2)

6,390,660

g,i

JP

Morgan

Mortgage

Trust

2

.500

10/25/51

4,913,897‌

Series

-

2021

6

(Class

A15)

3,978,763

g,i

JP

Morgan

Mortgage

Trust

2

.500

11/25/51

3,059,345‌

Series

-

2021

7

(Class

A15)

4,208,070

g,i

JP

Morgan

Mortgage

Trust

2

.500

12/25/51

3,235,664‌

Series

-

2021

8

(Class

A15)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

188

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

2,309,626

g,i

JP

Morgan

Mortgage

Trust

2

.500

%

12/25/51

$

1,775,915‌

Series

-

2021

10

(Class

A15)

8,893,183

g,i

JP

Morgan

Mortgage

Trust

2

.500

01/25/52

6,838,134‌

Series

-

2021

11

(Class

A15)

2,436,688

g,i

JP

Morgan

Mortgage

Trust

2

.500

02/25/52

1,873,615‌

Series

-

2021

12

(Class

A15)

6,862,885

g,i

JP

Morgan

Mortgage

Trust

3

.350

04/25/52

5,193,994‌

Series

-

2021

INV6

(Class

B1)

4,396,320

g,i

JP

Morgan

Mortgage

Trust

3

.350

04/25/52

3,277,254‌

Series

-

2021

INV6

(Class

B2)

3,885,163

g,i

JP

Morgan

Mortgage

Trust

2

.500

05/25/52

2,987,374‌

Series

-

2021

14

(Class

A15)

12,806,716

g,i

JP

Morgan

Mortgage

Trust

2

.500

06/25/52

9,847,322‌

Series

-

2021

15

(Class

A15)

16,344,074

g,i

JP

Morgan

Mortgage

Trust

3

.000

08/25/52

13,068,408‌

Series

-

2022

2

(Class

A25)

10,099,972

g,i

JP

Morgan

Mortgage

Trust

3

.500

09/25/52

8,864,875‌

Series

-

2022

LTV2

(Class

A6)

2,612,876

JPMBB

Commercial

Mortgage

Securities

Trust

3

.493

08/15/47

2,539,376‌

Series

-

2014

C21

(Class

A4)

4,500,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.482

09/15/47

4,189,311‌

Series

-

2014

C23

(Class

B)

1,500,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.482

09/15/47

1,340,909‌

Series

-

2014

C23

(Class

C)

1,000,000

JPMBB

Commercial

Mortgage

Securities

Trust

3

.898

02/15/48

924,779‌

Series

-

2015

C27

(Class

B)

2,000,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

3

.917

05/15/48

1,883,251‌

Series

-

2015

C29

(Class

AS)

1,600,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.118

05/15/48

1,442,523‌

Series

-

2015

C29

(Class

B)

6,000,000

JPMBB

Commercial

Mortgage

Securities

Trust

4

.106

08/15/48

5,619,179‌

Series

-

2015

C31

(Class

AS)

6,885,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.622

08/15/48

6,360,397‌

Series

-

2015

C31

(Class

B)

3,000,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.622

08/15/48

2,695,516‌

Series

-

2015

C31

(Class

C)

1,400,000

JPMBB

Commercial

Mortgage

Securities

Trust

3

.227

10/15/48

1,325,349‌

Series

-

2015

C28

(Class

A4)

3,016,000

JPMBB

Commercial

Mortgage

Securities

Trust

4

.023

12/15/48

2,829,599‌

Series

-

2015

C33

(Class

AS)

745,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.620

12/15/48

662,175‌

Series

-

2015

C33

(Class

C)

10,425,000

JPMBB

Commercial

Mortgage

Securities

Trust

3

.576

03/17/49

9,859,207‌

Series

-

2016

C1

(Class

A5)

2,645,000

g,i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.236

03/17/49

2,238,365‌

Series

-

2016

C1

(Class

D1)

1,606,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.736

03/17/49

1,442,703‌

Series

-

2016

C1

(Class

C)

1,060,498

JPMCC

Commercial

Mortgage

Securities

Trust

3

.457

03/15/50

1,025,936‌

Series

-

2017

JP5

(Class

A4)

2,000,000

i

JPMCC

Commercial

Mortgage

Securities

Trust

3

.634

09/15/50

1,629,582‌

Series

-

2017

JP7

(Class

C)

2,500,000

JPMCC

Commercial

Mortgage

Securities

Trust

3

.123

06/13/52

2,221,423‌

Series

-

2019

COR5

(Class

A3)

6,000,000

JPMDB

Commercial

Mortgage

Securities

Trust

2

.536

05/13/53

4,691,416‌

Series

-

2020

COR7

(Class

AS)

1,380,663

g

Ladder

Capital

Commercial

Mortgage

Securities

3

.575

02/15/36

1,276,252‌

Series

-

2013

GCP

(Class

A1)

1,040,416

g

LSTAR

Commercial

Mortgage

Trust

2

.579

03/10/49

1,038,844‌

Series

-

2016

4

(Class

A2)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

189

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

12,000,000

g,i

MAD

Mortgage

Trust

3

.188

%

08/15/34

$

11,203,963‌

Series

-

2017

330M

(Class

A)

1,500,000

g,i

Manhattan

West

2

.335

09/10/39

1,270,866‌

Series

-

2020

1MW

(Class

B)

1,684,919

i

Merrill

Lynch

Mortgage

Investors

Trust

LIBOR

1

M

+

0.520%

2

.278

01/25/37

1,574,533‌

Series

-

2006

WMC1

(Class

A1B)

2,869,250

g

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.989

12/15/46

2,682,253‌

Series

-

2014

C19

(Class

LNC1)

906,556

g

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

4

.384

12/15/46

836,929‌

Series

-

2014

C19

(Class

LNC2)

1,500,000

i

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

4

.869

02/15/47

1,451,786‌

Series

-

2014

C14

(Class

B)

1,305,000

i

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

5

.059

02/15/47

1,256,766‌

Series

-

2014

C14

(Class

C)

2,070,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.832

12/15/47

1,963,956‌

Series

-

2014

C19

(Class

AS)

46,364

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.069

02/15/48

45,193‌

Series

-

2015

C20

(Class

ASB)

5,938,073

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.652

03/15/48

5,553,330‌

Series

-

2015

C21

(Class

AS)

3,360,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.561

04/15/48

3,130,094‌

Series

-

2015

C22

(Class

AS)

3,500,000

i

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2014

C19

4

.000

12/15/47

3,243,255‌

Series

-

2014

C19

(Class

B)

9,241,221

Morgan

Stanley

Capital

I

Trust

2

.606

08/15/49

8,769,868‌

Series

-

2016

UB11

(Class

ASB)

260,237

†,i

Morgan

Stanley

Capital

I

Trust

6

.079

12/12/49

131,094‌

Series

-

2007

IQ16

(Class

AJ)

1,300,000

Morgan

Stanley

Capital

I

Trust

3

.587

12/15/50

1,201,008‌

Series

-

2017

HR2

(Class

A4)

1,000,000

Morgan

Stanley

Capital

I

Trust

4

.177

07/15/51

943,704‌

Series

-

2018

H3

(Class

A5)

3,142,000

i

Morgan

Stanley

Capital

I

Trust

4

.429

07/15/51

2,901,388‌

Series

-

2018

H3

(Class

AS)

2,832,152

g,i

Morgan

Stanley

Residential

Mortgage

Loan

Trust

2

.500

07/25/51

2,434,243‌

Series

-

2021

4

(Class

A4)

8,130,869

g,i

Morgan

Stanley

Residential

Mortgage

Loan

Trust

2

.500

08/25/51

6,251,976‌

Series

-

2021

5

(Class

A9)

5,991,643

g,i

Morgan

Stanley

Residential

Mortgage

Loan

Trust

2

.500

09/25/51

4,607,086‌

Series

-

2021

6

(Class

A9)

8,618,923

g,i

Morgan

Stanley

Residential

Mortgage

Loan

Trust

2

.500

09/25/51

7,429,453‌

Series

-

2021

6

(Class

A4)

2,000,000

g

MRCD

Mortgage

Trust

2

.718

12/15/36

1,785,437‌

Series

-

2019

PARK

(Class

D)

3,500,000

g

MRCD

Mortgage

Trust

2

.718

12/15/36

3,096,790‌

Series

-

2019

PARK

(Class

E)

1,500,000

g,i

MSDB

Trust

3

.316

07/11/39

1,314,123‌

Series

-

2017

712F

(Class

A)

6,300,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

1.500%

5

.818

07/15/36

6,034,295‌

Series

-

2019

MILE

(Class

A)

2,500,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

1.800%

6

.118

07/15/36

2,301,184‌

Series

-

2019

MILE

(Class

B)

703,488

g

Natixis

Commercial

Mortgage

Securities

Trust

2

.966

12/15/38

650,468‌

Series

-

2020

2PAC

(Class

A)

148,218

g,i

New

Residential

Mortgage

Loan

Trust

4

.750

12/25/57

143,121‌

Series

-

2018

5A

(Class

A1)

718,531

g,i

New

Residential

Mortgage

Loan

Trust

2

.797

09/25/59

642,785‌

Series

-

2019

NQM4

(Class

A3)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

190

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

700,000

g,i

New

Residential

Mortgage

Loan

Trust

2

.986

%

09/25/59

$

545,923‌

Series

-

2019

NQM4

(Class

M1)

123,928

i

New

York

Mortgage

Trust

LIBOR

1

M

+

0.480%

4

.869

02/25/36

120,865‌

Series

-

2005

3

(Class

A1)

1,325,000

g,i

NLT

Trust

2

.569

08/25/56

784,137‌

Series

-

2021

INV2

(Class

M1)

10,517,862

g,i

OBX

Trust

2

.500

07/25/51

8,087,380‌

Series

-

2021

J2

(Class

A19)

8,546,186

g,i

OBX

Trust

4

.000

10/25/52

7,348,128‌

Series

-

2022

INV5

(Class

A13)

791,427

g,i

OBX

Trust

LIBOR

1

M

+

0.650%

5

.039

06/25/57

747,905‌

Series

-

2018

1

(Class

A2)

2,229,914

g,i

Oceanview

Mortgage

Trust

2

.500

05/25/51

1,714,622‌

Series

-

2021

1

(Class

A19)

3,000,000

g

One

Bryant

Park

Trust

2

.516

09/15/54

2,462,831‌

Series

-

2019

OBP

(Class

A)

20,445,000

g

One

Market

Plaza

Trust

3

.614

02/10/32

19,681,214‌

Series

-

2017

1MKT

(Class

A)

1,000,000

g

RBS

Commercial

Funding,

Inc

Trust

3

.511

03/11/31

973,250‌

Series

-

2013

SMV

(Class

B)

14,662,078

g,i

RCKT

Mortgage

Trust

2

.500

02/25/52

11,200,919‌

Series

-

2022

2

(Class

A22)

2,831,726

g,i

RCKT

Mortgage

Trust

3

.500

06/25/52

2,351,459‌

Series

-

2022

4

(Class

A22)

323,966

g,i

Sequoia

Mortgage

Trust

3

.500

05/25/45

284,046‌

Series

-

2015

2

(Class

A1)

240,568

g,i

Sequoia

Mortgage

Trust

3

.500

02/25/47

211,459‌

Series

-

2017

2

(Class

A19)

19,342

g,i

Sequoia

Mortgage

Trust

3

.500

04/25/47

16,242‌

Series

-

2017

3

(Class

A19)

842,206

g,i

Sequoia

Mortgage

Trust

3

.718

09/25/47

726,020‌

Series

-

2017

6

(Class

B1)

540,031

g,i

Sequoia

Mortgage

Trust

3

.500

03/25/48

464,394‌

Series

-

2018

3

(Class

A1)

56,353

g,i

Sequoia

Mortgage

Trust

4

.000

09/25/48

52,275‌

Series

-

2018

7

(Class

A19)

165,345

g,i

Sequoia

Mortgage

Trust

4

.000

06/25/49

152,802‌

Series

-

2019

2

(Class

A19)

1,439,166

g,i

Sequoia

Mortgage

Trust

3

.500

12/25/49

1,203,189‌

Series

-

2019

5

(Class

A19)

2,841,559

g,i

Sequoia

Mortgage

Trust

3

.000

04/25/50

2,296,823‌

Series

-

2020

3

(Class

A19)

4,062,877

g,i

Sequoia

Mortgage

Trust

2

.500

06/25/51

3,124,022‌

Series

-

2021

4

(Class

A19)

222,858

g,i

Shellpoint

Co-Originator

Trust

3

.500

04/25/47

195,445‌

Series

-

2017

1

(Class

A19)

11,415,000

g

SLG

Office

Trust

2

.851

07/15/41

8,004,758‌

Series

-

2021

OVA

(Class

E)

2,411,476

g,i

SMR

Mortgage

Trust

6

.736

02/15/39

2,279,165‌

Series

-

2022

IND

(Class

B)

1,130,000

g,i

Structured

Agency

Credit

Risk

Debt

Note

(STACR)

6

.028

10/25/33

1,108,947‌

Series

-

2021

DNA3

(Class

M2)

38,782

g,i

STACR

3

.780

02/25/48

36,350‌

Series

-

2018

SPI1

(Class

M2)

98,323

g,i

STACR

3

.836

05/25/48

93,389‌

Series

-

2018

SPI2

(Class

M2)

2,250,000

UBS

Commercial

Mortgage

Trust

4

.334

10/15/51

2,135,502‌

Series

-

2018

C13

(Class

A4)

1,000,000

g,i

UBS-Barclays

Commercial

Mortgage

Trust

3

.649

03/10/46

996,442‌

Series

-

2013

C5

(Class

B)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

191

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

2,660,000

g,i

UBS-Barclays

Commercial

Mortgage

Trust

3

.875

%

04/10/46

$

2,612,481‌

Series

-

2013

C6

(Class

B)

1,225,000

g,i

Verus

Securitization

Trust

3

.207

11/25/59

1,039,593‌

Series

-

2019

4

(Class

M1)

721,999

g

Verus

Securitization

Trust

1

.733

05/25/65

647,475‌

Series

-

2020

5

(Class

A3)

7,537,746

g,i

Verus

Securitization

Trust

2

.240

10/25/66

6,143,832‌

Series

-

2021

7

(Class

A3)

759,009

g

VSE

VOI

Mortgage

LLC

2

.330

03/20/35

726,289‌

Series

-

2017

A

(Class

A)

685,734

g

VSE

VOI

Mortgage

LLC

4

.020

02/20/36

661,872‌

Series

-

2018

A

(Class

C)

2,272,000

Wells

Fargo

Commercial

Mortgage

Trust

3

.540

05/15/48

2,164,961‌

Series

-

2015

C28

(Class

A4)

2,100,000

i

Wells

Fargo

Commercial

Mortgage

Trust

3

.658

05/15/48

1,928,162‌

Series

-

2015

NXS1

(Class

B)

2,000,000

i

Wells

Fargo

Commercial

Mortgage

Trust

4

.149

05/15/48

1,714,694‌

Series

-

2015

NXS1

(Class

D)

350,000

Wells

Fargo

Commercial

Mortgage

Trust

3

.637

06/15/48

333,494‌

Series

-

2015

C29

(Class

A4)

3,522,203

Wells

Fargo

Commercial

Mortgage

Trust

2

.825

10/15/49

3,371,267‌

Series

-

2016

LC24

(Class

ASB)

387,000

Wells

Fargo

Commercial

Mortgage

Trust

3

.635

03/15/50

359,307‌

Series

-

2017

RB1

(Class

A5)

2,000,000

Wells

Fargo

Commercial

Mortgage

Trust

3

.757

03/15/50

1,822,531‌

Series

-

2017

RB1

(Class

AS)

1,720,000

Wells

Fargo

Commercial

Mortgage

Trust

3

.467

04/15/50

1,608,793‌

Series

-

2015

LC20

(Class

AS)

2,000,000

i

Wells

Fargo

Commercial

Mortgage

Trust

4

.012

03/15/51

1,885,269‌

Series

-

2018

C43

(Class

A4)

1,200,000

g

Wells

Fargo

Commercial

Mortgage

Trust

3

.153

09/15/57

977,204‌

Series

-

2015

NXS3

(Class

D)

2,500,000

i

Wells

Fargo

Commercial

Mortgage

Trust

3

.972

09/15/57

2,347,409‌

Series

-

2015

NXS3

(Class

AS)

3,350,000

Wells

Fargo

Commercial

Mortgage

Trust

3

.952

01/15/59

3,108,358‌

Series

-

2016

C32

(Class

AS)

2,500,000

i

Wells

Fargo

Commercial

Mortgage

Trust

4

.726

01/15/59

2,322,695‌

Series

-

2016

C32

(Class

B)

751,815

Wells

Fargo

Commercial

Mortgage

Trust

2

.933

11/15/59

714,847‌

Series

-

2016

C36

(Class

ASB)

109,926

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

4

.000

04/25/49

105,326‌

Series

-

2019

2

(Class

A17)

1,284,165

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

3

.500

09/25/49

1,120,483‌

Series

-

2019

4

(Class

A1)

553,310

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

3

.000

07/25/50

457,573‌

Series

-

2020

4

(Class

A17)

11,803,876

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

2

.500

06/25/51

9,076,220‌

Series

-

2021

2

(Class

A17)

5,300,546

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

3

.000

08/25/51

4,238,215‌

Series

-

2021

INV1

(Class

A17)

4,688,798

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

3

.317

08/25/51

3,673,707‌

Series

-

2021

INV1

(Class

B1)

3,147,418

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

2

.500

12/25/51

2,420,108‌

Series

-

2022

2

(Class

A18)

3,651,427

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

3

.000

03/25/52

2,919,611‌

Series

-

2022

INV1

(Class

A18)

6,314,821

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

3

.500

03/25/52

5,259,538‌

Series

-

2022

INV1

(Class

A17)

1,000,000

WFRBS

Commercial

Mortgage

Trust

3

.345

05/15/45

989,574‌

Series

-

2013

C13

(Class

AS)

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

192

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

3,292,052

i

WFRBS

Commercial

Mortgage

Trust

4

.079

%

03/15/46

$

3,235,364‌

Series

-

2013

UBS1

(Class

A4)

3,500,000

i

WFRBS

Commercial

Mortgage

Trust

4

.162

12/15/46

3,432,497‌

Series

-

2013

C18

(Class

A5)

1,664,000

i

WFRBS

Commercial

Mortgage

Trust

4

.838

12/15/46

1,552,662‌

Series

-

2013

C18

(Class

C)

2,225,281

WFRBS

Commercial

Mortgage

Trust

3

.995

05/15/47

2,168,505‌

Series

-

2014

C20

(Class

A5)

196,370

g,i

WinWater

Mortgage

Loan

Trust

3

.909

06/20/44

151,635‌

Series

-

2014

1

(Class

B4)

5,337,620

g,i

Woodward

Capital

Management

3

.000

05/25/52

4,267,858‌

Series

-

2022

3

(Class

A21)

TOTAL

OTHER

MORTGAGE

BACKED

888,704,394‌

TOTAL

STRUCTURED

ASSETS

1,449,239,541‌

(Cost

$1,644,851,763)

TOTAL

BONDS

8,749,012,616‌

(Cost

$9,843,567,203)

SHARES

COMPANY

REFERENCERATE

&

SPREAD

COMMON

STOCKS

-

0.0%

MATERIALS

-

0

.0

%

363,958

*

Petra

Diamonds

Ltd

414,508‌

TOTAL

MATERIALS

414,508‌

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0

.0

%

10,376

*,†

Bright

Bidco

BV

136,986‌

7,607

*

Bright

Bidco

BV

141,917‌

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

278,903‌

TOTAL

COMMON

STOCKS

693,411‌

(Cost

$882,980)

PREFERRED

STOCKS

-

0.1%

DIVERSIFIED

FINANCIALS

-

0

.1

%

208,700

e

Morgan

Stanley

5,269,675‌

200,000

Morgan

Stanley

4,852,000‌

TOTAL

DIVERSIFIED

FINANCIALS

10,121,675‌

TOTAL

PREFERRED

STOCKS

10,121,675‌

(Cost

$10,877,500)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS

-

4.8%

GOVERNMENT

AGENCY

DEBT

-

0

.9

%

$

10,000,000

Federal

Farm

Credit

Bank

(FFCB)

0

.000

01/04/23

9,998,812‌

10,000,000

FFCB

0

.000

01/09/23

9,992,874‌

3,493,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

01/03/23

3,493,000‌

8,535,000

FHLB

0

.000

01/06/23

8,531,958‌

10,000,000

FHLB

0

.000

02/15/23

9,947,335‌

15,000,000

FHLB

0

.000

02/27/23

14,899,031‌

7,700,000

FHLB

0

.000

03/10/23

7,638,783‌

10,000,000

FHLB

0

.000

04/14/23

9,877,002‌

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

193

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCERATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

GOVERNMENT

AGENCY

DEBT—continued

$

5,000,000

Tennessee

Valley

Authority

(TVA)

0

.000

%

01/11/23

$

4,995,250‌

TOTAL

GOVERNMENT

AGENCY

DEBT

79,374,045‌

REPURCHASE

AGREEMENT

-

2

.0

%

185,255,000

r

Fixed

Income

Clearing

Corp

(FICC)

4

.080

01/03/23

185,255,000‌

TOTAL

REPURCHASE

AGREEMENT

185,255,000‌

TREASURY

DEBT

-

0

.6

%

1,700,000

e

United

States

Treasury

Bill

0

.000

09/07/23

1,648,941‌

50,000,000

United

States

Treasury

Bill

0

.000

11/02/23

48,102,463‌

TOTAL

TREASURY

DEBT

49,751,404‌

SHARES

COMPANY

EXP

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

-

1

.3

%

121,575,741

c

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4

.340

121,575,741‌

TOTAL

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

121,575,741‌

TOTAL

SHORT-TERM

INVESTMENTS

435,956,190‌

(Cost

$435,961,397)

TOTAL

INVESTMENTS

-

102.6%

9,314,337,642‌

(Cost

$10,415,445,686)

OTHER

ASSETS

&

LIABILITIES,

NET

-

(2.6)%

(

239,655,719‌

)

NET

ASSETS

-

100.0%

$

9,074,681,923‌

CNY

Chinese

Yuan

DOP

Dominican

Republic

Peso

EUR

Euro

IDR

Indonesian

Rupiah

INR

Indian

Rupee

LIBOR

London

Interbank

Offered

Rate

M

Month

MXN

Mexican

Peso

MYR

Malaysian

Ringgit

REIT

Real

Estate

Investment

Trust

REMIC

Real

Estate

Mortgage

Investment

Conduit

RSD

Serbian

Dinar

SOFR

Secure

Overnight

Financing

Rate

THB

Thai

Baht

UGX

Ugandan

Shilling

UZS

Uzbekistani

Som

ZAR

South

African

Rand

*

Non-income

producing

†

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

‡

Perpetual

security

c

Investments

made

with

cash

collateral

received

from

securities

on

loan.

e

All

or

a

portion

of

these

securities

are

out

on

loan.

The

aggregate

value

of

securities

on

loan

is

$121,808,536.

g

Security

is

exempt

from

registration

under

Rule

144(A)

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

h

All

or

a

portion

of

these

securities

were

purchased

on

a

delayed

delivery

basis.

i

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

k

Principal

amount

for

interest

accrual

purposes

is

periodically

adjusted

based

on

changes

in

the

Consumer

Price

Index.

o

Payment

in

Kind

Bond

q

In

default

r

Agreement

with

Fixed

Income

Clearing

Corp

(FICC),

4.080%

dated

12/30/22

to

be

repurchased

at

$185,255,000

on

1/3/23,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

1.000%

and

maturity

date

7/31/28,

valued

at

$188,960,177.

Portfolio

of

investments

(unaudited)

Core

Bond

Fund

December

31,

2022

194

December

31,

2022

TIAA-CREF

Funds

concluded

Principal

denominated

in

U.S.

Dollars,

unless

otherwise

noted. 

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

195

TIAA-CREF

Funds

December

31,

2022

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANK

LOAN

OBLIGATIONS

-

0.7%

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0

.3

%

$

15,760,000

i

LTR

Intermediate

Holdings,

Inc

LIBOR

12

M

+

4.500%

8

.884

%

05/05/28

$

14,381,000‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

14,381,000‌

UTILITIES

-

0

.4

%

7,103,052

i

Exgen

Renewables

IV

LLC

LIBOR

4

M

+

2.500%

7

.240

12/15/27

7,046,085‌

16,357,800

i

TerraForm

Power

Operating

LLC

SOFR

4M

+

2.750%

7

.430

05/21/29

16,263,252‌

TOTAL

UTILITIES

23,309,337‌

TOTAL

BANK

LOAN

OBLIGATIONS

37,690,337‌

(Cost

$38,840,802)

BONDS

-

97.7%

CORPORATE

BONDS

-

28

.7

%

AUTOMOBILES

&

COMPONENTS

-

1

.0

%

9,525,000

Ford

Motor

Co

3

.250

02/12/32

7,143,195‌

10,000,000

General

Motors

Co

5

.600

10/15/32

9,289,963‌

13,025,000

g

Hyundai

Capital

Services,

Inc

1

.250

02/08/26

11,311,945‌

11,866,000

Magna

International,

Inc

3

.625

06/15/24

11,597,937‌

11,025,000

Magna

International,

Inc

2

.450

06/15/30

9,110,259‌

8,650,000

Toyota

Motor

Credit

Corp

2

.150

02/13/30

7,277,552‌

TOTAL

AUTOMOBILES

&

COMPONENTS

55,730,851‌

BANKS

-

4

.1

%

15,000,000

g

ABN

AMRO

Bank

NV

2

.470

12/13/29

12,129,413‌

3,575,000

g

Bank

Hapoalim

BM

3

.255

01/21/32

3,073,377‌

5,000,000

Bank

of

America

Corp

2

.687

04/22/32

4,001,920‌

10,000,000

Bank

of

Montreal

3

.803

12/15/32

8,805,204‌

3,250,000

g

BNP

Paribas

S.A.

1

.904

09/30/28

2,706,235‌

6,250,000

Citigroup,

Inc

0

.776

10/30/24

5,988,493‌

3,125,000

i

Citigroup,

Inc

SOFR

+

0.694%

4

.615

01/25/26

3,054,653‌

10,000,000

HSBC

Holdings

plc

5

.210

08/11/28

9,647,529‌

13,750,000

HSBC

Holdings

plc

2

.206

08/17/29

11,098,740‌

6,575,000

HSBC

Holdings

plc

5

.402

08/11/33

6,088,602‌

10,000,000

g

ING

Groep

NV

1

.400

07/01/26

8,990,193‌

8,808,000

ING

Groep

NV

2

.727

04/01/32

7,017,554‌

6,460,000

g

Intesa

Sanpaolo

S.p.A

3

.375

01/12/23

6,456,810‌

6,250,000

g

Intesa

Sanpaolo

S.p.A

3

.250

09/23/24

5,927,940‌

7,200,000

g

Intesa

Sanpaolo

S.p.A

4

.000

09/23/29

6,159,959‌

5,600,000

e,g

Intesa

Sanpaolo

S.p.A

8

.248

11/21/33

5,681,150‌

6,000,000

g

Intesa

Sanpaolo

S.p.A

4

.950

06/01/42

3,852,893‌

5,000,000

JPMorgan

Chase

&

Co

1

.040

02/04/27

4,349,343‌

10,990,000

JPMorgan

Chase

&

Co

3

.650

N/A‡

9,410,188‌

2,750,000

Lloyds

Banking

Group

plc

4

.500

11/04/24

2,683,627‌

9,500,000

g

National

Australia

Bank

Ltd

2

.332

08/21/30

7,232,151‌

12,150,000

National

Bank

of

Canada

0

.550

11/15/24

11,628,819‌

5,485,000

NatWest

Group

plc

2

.359

05/22/24

5,406,444‌

5,616,000

Santander

Holdings

USA,

Inc

5

.807

09/09/26

5,573,629‌

11,225,000

g

Shinhan

Financial

Group

Co

Ltd

3

.340

02/05/30

10,273,512‌

8,883,000

SVB

Financial

Group

2

.100

05/15/28

7,344,495‌

10,100,000

SVB

Financial

Group

1

.800

02/02/31

7,368,262‌

9,000,000

g

UBS

Group

AG.

1

.494

08/10/27

7,743,238‌

10,000,000

g

UBS

Group

AG.

2

.746

02/11/33

7,728,485‌

15,000,000

g

UniCredit

S.p.A

2

.569

09/22/26

13,282,862‌

3,600,000

g

UniCredit

S.p.A

5

.459

06/30/35

2,924,813‌

11,570,000

g

United

Overseas

Bank

Ltd

2

.000

10/14/31

10,097,543‌

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

196

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

5,800,000

g

USAA

Capital

Corp

1

.500

%

05/01/23

$

5,740,663‌

11,135,000

g

USAA

Capital

Corp

2

.125

05/01/30

9,123,953‌

TOTAL

BANKS

238,592,692‌

CAPITAL

GOODS

-

0

.5

%

10,000,000

Otis

Worldwide

Corp

3

.112

02/15/40

7,292,946‌

6,275,000

g,i

Siemens

Financieringsmaatschappij

NV

SOFR

+

0.430%

4

.715

03/11/24

6,252,862‌

12,500,000

g

Siemens

Financieringsmaatschappij

NV

1

.200

03/11/26

11,138,665‌

7,500,000

g

Triton

Container

International

Ltd

1

.150

06/07/24

6,936,130‌

TOTAL

CAPITAL

GOODS

31,620,603‌

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0

.3

%

7,500,000

Mather

Foundation

2

.675

10/01/31

6,133,123‌

15,760,000

Rockefeller

Foundation

2

.492

10/01/50

9,985,090‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

16,118,213‌

CONSUMER

DURABLES

&

APPAREL

-

0

.1

%

5,270,000

Whirlpool

Corp

2

.400

05/15/31

4,174,180‌

TOTAL

CONSUMER

DURABLES

&

APPAREL

4,174,180‌

CONSUMER

SERVICES

-

1

.5

%

2,800,000

Bush

Foundation

2

.754

10/01/50

1,818,532‌

10,750,000

Conservation

Fund

3

.474

12/15/29

9,242,675‌

4,040,000

Henry

J

Kaiser

Family

Foundation

3

.356

12/01/25

3,809,783‌

4,500,000

Low

Income

Investment

Fund

3

.386

07/01/26

4,244,274‌

10,000,000

Low

Income

Investment

Fund

3

.711

07/01/29

9,380,947‌

11,525,000

Massachusetts

Higher

Education

Assistance

Corp

2

.673

07/01/31

9,510,066‌

7,850,000

i

Nature

Conservancy

LIBOR

3

M

+

1.080%

6

.766

02/01/24

7,842,750‌

8,231,000

Nature

Conservancy

3

.957

03/01/52

6,576,722‌

4,100,000

New

York

Public

Library

Astor

Lenox

&

Tilden

Foundations

4

.305

07/01/45

3,458,521‌

9,775,000

Preservation

Of

Affordable

Housing,

Inc

4

.479

12/01/32

8,857,738‌

60,000

Salvation

Army

5

.637

09/01/26

60,157‌

5,000,000

Salvation

Army

4

.528

09/01/48

4,469,148‌

6,350,000

Starbucks

Corp

2

.450

06/15/26

5,880,963‌

11,440,000

Wisconsin

Alumni

Research

Foundation

3

.564

10/01/49

7,793,864‌

5,000,000

YMCA

of

Greater

New

York

5

.021

08/01/38

4,584,861‌

1,500,000

YMCA

of

Greater

New

York

5

.151

08/01/48

1,252,649‌

TOTAL

CONSUMER

SERVICES

88,783,650‌

DIVERSIFIED

FINANCIALS

-

3

.7

%

9,400,000

i

AerCap

Ireland

Capital

DAC

SOFR

+

0.680%

5

.003

09/29/23

9,227,894‌

8,025,000

AerCap

Ireland

Capital

DAC

1

.750

01/30/26

7,060,248‌

10,500,000

AerCap

Ireland

Capital

DAC

3

.000

10/29/28

8,796,641‌

3,419,800

BB

Blue

Financing

DAC

4

.395

09/20/29

3,338,169‌

10,000,000

BB

Blue

Financing

DAC

4

.395

09/20/37

9,860,200‌

10,000,000

g

BPCE

S.A.

2

.045

10/19/27

8,619,440‌

9,112,000

g

BPCE

S.A.

3

.116

10/19/32

6,648,712‌

11,645,000

Community

Preservation

Corp

2

.867

02/01/30

9,842,010‌

7,639,000

Credit

Suisse

AG.

5

.000

07/09/27

6,962,554‌

5,000,000

g

Credit

Suisse

Group

AG.

1

.305

02/02/27

3,996,018‌

4,325,000

g

Credit

Suisse

Group

AG.

6

.442

08/11/28

3,938,761‌

9,750,000

g

Credit

Suisse

Group

AG.

9

.016

11/15/33

9,982,705‌

5,820,000

Enterprise

Community

Loan

Fund,

Inc

4

.152

11/01/28

5,502,752‌

10,000,000

Ford

Foundation

2

.815

06/01/70

5,832,798‌

10,000,000

Goldman

Sachs

Group,

Inc

0

.855

02/12/26

9,042,226‌

8,300,000

ING

Groep

NV

4

.017

03/28/28

7,761,165‌

14,500,000

Morgan

Stanley

0

.791

01/22/25

13,717,716‌

11,950,000

Morgan

Stanley

0

.985

12/10/26

10,470,778‌

6,500,000

National

Rural

Utilities

Cooperative

Finance

Corp

4

.150

12/15/32

6,002,194‌

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

197

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

11,600,000

g,i

NatWest

Markets

plc

SOFR

+

0.530%

4

.656

%

08/12/24

$

11,400,624‌

1,869,000

Reinvestment

Fund,

Inc

3

.166

11/01/23

1,823,753‌

3,000,000

Reinvestment

Fund,

Inc

3

.600

02/15/24

2,938,781‌

2,500,000

Reinvestment

Fund,

Inc

3

.366

11/01/24

2,408,677‌

5,000,000

Reinvestment

Fund,

Inc

3

.513

11/01/25

4,729,110‌

5,000,000

Reinvestment

Fund,

Inc

3

.880

02/15/27

4,671,698‌

2,945,000

g

Starwood

Property

Trust,

Inc

4

.375

01/15/27

2,577,097‌

3,000,000

Unilever

Capital

Corp

0

.626

08/12/24

2,809,945‌

5,528,000

Unilever

Capital

Corp

2

.125

09/06/29

4,678,500‌

6,125,000

Unilever

Capital

Corp

1

.375

09/14/30

4,784,278‌

9,425,000

Unilever

Capital

Corp

2

.625

08/12/51

6,076,126‌

3,450,000

g

WLB

Asset

II

B

Pte

Ltd

3

.950

12/10/24

3,235,262‌

5,425,000

g

WLB

Asset

II

C

Pte

Ltd

3

.900

12/23/25

4,991,123‌

10,000,000

g

WLB

Asset

II

D

Pte

Ltd

6

.500

12/21/26

9,934,233‌

1,925,000

g

WLB

Asset

II

Pte

Ltd

4

.000

01/14/24

1,878,751‌

TOTAL

DIVERSIFIED

FINANCIALS

215,540,939‌

ENERGY

-

1

.8

%

7,500,000

g

Aker

BP

ASA

2

.875

01/15/26

6,928,489‌

10,000,000

g

Aker

BP

ASA

4

.000

01/15/31

8,763,970‌

9,875,000

BP

Capital

Markets

America,

Inc

2

.772

11/10/50

6,304,370‌

2,650,000

Cenovus

Energy,

Inc

2

.650

01/15/32

2,115,753‌

6,375,000

EQT

Corp

6

.125

02/01/25

6,389,981‌

2,000,000

Equinor

ASA

3

.700

03/01/24

1,971,217‌

7,725,000

Equinor

ASA

2

.375

05/22/30

6,569,785‌

3,000,000

Equinor

ASA

3

.950

05/15/43

2,506,476‌

9,110,000

Equinor

ASA

3

.250

11/18/49

6,617,398‌

1,925,000

ONEOK,

Inc

4

.000

07/13/27

1,811,054‌

7,246,000

ONEOK,

Inc

3

.400

09/01/29

6,262,419‌

13,500,000

ONEOK,

Inc

3

.100

03/15/30

11,313,124‌

3,350,000

ONEOK,

Inc

4

.950

07/13/47

2,698,170‌

6,100,000

ONEOK,

Inc

4

.450

09/01/49

4,532,732‌

11,700,000

g

Santos

Finance

Ltd

3

.649

04/29/31

9,299,860‌

4,350,000

e,g

Sunnova

Energy

Corp

5

.875

09/01/26

3,886,247‌

12,850,000

Total

Capital

International

S.A.

2

.986

06/29/41

9,572,198‌

11,550,000

Total

Capital

International

S.A.

3

.127

05/29/50

8,156,795‌

TOTAL

ENERGY

105,700,038‌

FOOD

&

STAPLES

RETAILING

-

0

.4

%

10,750,000

SYSCO

Corp

2

.400

02/15/30

8,935,276‌

18,025,000

Walmart,

Inc

1

.800

09/22/31

14,669,061‌

TOTAL

FOOD

&

STAPLES

RETAILING

23,604,337‌

FOOD,

BEVERAGE

&

TOBACCO

-

0

.5

%

7,000,000

g

NBM

US

Holdings,

Inc

6

.625

08/06/29

6,760,456‌

10,000,000

PepsiCo,

Inc

3

.900

07/18/32

9,428,902‌

20,310,000

PepsiCo,

Inc

2

.875

10/15/49

14,510,273‌

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

30,699,631‌

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

0

.1

%

2,250,000

Mary

Free

Bed

Rehabilitation

Hospital

3

.786

04/01/51

1,573,953‌

10,385,000

Stanford

Health

Care

3

.027

08/15/51

6,826,157‌

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

8,400,110‌

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0

.3

%

5,300,000

Procter

&

Gamble

Co

3

.000

03/25/30

4,842,199‌

12,125,000

Procter

&

Gamble

Co

1

.200

10/29/30

9,513,429‌

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

14,355,628‌

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

198

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

INSURANCE

-

0

.8

%

$

7,703,000

g

AIA

Group

Ltd

3

.375

%

04/07/30

$

6,770,945‌

5,275,000

g

Empower

Finance

2020

LP

1

.357

09/17/27

4,404,117‌

9,735,000

First

American

Financial

Corp

2

.400

08/15/31

7,113,694‌

4,975,000

g

Five

Corners

Funding

Trust

4

.419

11/15/23

4,932,147‌

12,075,000

g

Five

Corners

Funding

Trust

II

2

.850

05/15/30

10,122,012‌

4,100,000

g

Great-West

Lifeco

US

Finance

2020

LP

0

.904

08/12/25

3,646,301‌

5,200,000

g

Muenchener

Rueckversicherungs-Gesellschaft

AG.

in

Muenchen

5

.875

05/23/42

5,176,163‌

5,000,000

Progressive

Corp

3

.700

01/26/45

3,867,952‌

TOTAL

INSURANCE

46,033,331‌

MATERIALS

-

0

.9

%

550,000

g

Celulosa

Arauco

y

Constitucion

S.A.

5

.150

01/29/50

477,886‌

10,250,000

g

FMG

Resources

August

2006

Pty

Ltd

6

.125

04/15/32

9,559,150‌

1,434,000

International

Paper

Co

4

.800

06/15/44

1,238,376‌

2,795,000

g

LG

Chem

Ltd

4

.375

07/14/25

2,705,176‌

5,940,000

g

LG

Chem

Ltd

3

.625

04/15/29

5,421,616‌

5,000,000

Newmont

Corp

2

.250

10/01/30

4,018,699‌

9,875,000

PPG

Industries,

Inc

1

.200

03/15/26

8,753,057‌

3,500,000

Sonoco

Products

Co

1

.800

02/01/25

3,252,362‌

5,525,000

Sonoco

Products

Co

2

.250

02/01/27

4,912,747‌

10,000,000

Teck

Resources

Ltd

3

.900

07/15/30

8,942,827‌

TOTAL

MATERIALS

49,281,896‌

MEDIA

&

ENTERTAINMENT

-

0

.4

%

10,000,000

Alphabet,

Inc

1

.100

08/15/30

7,825,765‌

2,850,000

Paramount

Global

6

.375

03/30/62

2,329,901‌

9,100,000

g

RGA

Global

Funding

2

.700

01/18/29

7,707,243‌

3,960,000

Tote

Shipholdings

LLC

3

.400

10/16/40

3,530,198‌

2,620,000

Tote

Shipholdings

LLC

3

.450

01/22/41

2,344,702‌

TOTAL

MEDIA

&

ENTERTAINMENT

23,737,809‌

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

1

.2

%

4,800,000

Bristol-Myers

Squibb

Co

2

.350

11/13/40

3,300,163‌

10,000,000

Bristol-Myers

Squibb

Co

3

.550

03/15/42

8,116,483‌

5,350,000

Gilead

Sciences,

Inc

2

.600

10/01/40

3,732,648‌

14,150,000

Gilead

Sciences,

Inc

2

.800

10/01/50

9,046,589‌

12,550,000

Merck

&

Co,

Inc

2

.150

12/10/31

10,248,258‌

8,800,000

Merck

&

Co,

Inc

2

.750

12/10/51

5,879,623‌

7,000,000

PerkinElmer,

Inc

2

.250

09/15/31

5,484,700‌

5,400,000

Pfizer,

Inc

1

.750

08/18/31

4,334,855‌

14,681,000

Takeda

Pharmaceutical

Co

Ltd

2

.050

03/31/30

11,983,357‌

8,500,000

Takeda

Pharmaceutical

Co

Ltd

3

.175

07/09/50

5,732,730‌

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

67,859,406‌

REAL

ESTATE

-

0

.9

%

6,225,000

Brandywine

Operating

Partnership

LP

3

.950

11/15/27

5,224,980‌

8,800,000

Federal

Realty

Investment

Trust

1

.250

02/15/26

7,750,380‌

8,500,000

g

HAT

Holdings

I

LLC

3

.375

06/15/26

7,384,800‌

3,335,000

g

HAT

Holdings

I

LLC

3

.750

09/15/30

2,450,611‌

3,900,000

Host

Hotels

&

Resorts

LP

2

.900

12/15/31

2,983,360‌

4,725,000

Kilroy

Realty

LP

3

.450

12/15/24

4,522,591‌

8,000,000

National

Community

Renaissance

of

California

3

.270

12/01/32

6,391,019‌

5,442,000

Piedmont

Operating

Partnership

LP

3

.400

06/01/23

5,389,810‌

9,157,000

Regency

Centers

LP

3

.750

06/15/24

8,880,616‌

TOTAL

REAL

ESTATE

50,978,167‌

RETAILING

-

0

.1

%

2,800,000

Advance

Auto

Parts,

Inc

1

.750

10/01/27

2,349,780‌

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

199

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

RETAILING—continued

$

5,525,000

Lowe's

Cos,

Inc

2

.800

%

09/15/41

$

3,759,770‌

TOTAL

RETAILING

6,109,550‌

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0

.3

%

10,050,000

e

Intel

Corp

4

.150

08/05/32

9,396,355‌

8,158,000

NXP

BV

3

.400

05/01/30

7,049,688‌

2,850,000

g

SK

Hynix,

Inc

2

.375

01/19/31

2,089,520‌

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

18,535,563‌

SOFTWARE

&

SERVICES

-

0

.6

%

3,250,000

Autodesk,

Inc

2

.400

12/15/31

2,596,177‌

9,500,000

Automatic

Data

Processing,

Inc

1

.700

05/15/28

8,246,743‌

12,875,000

Automatic

Data

Processing,

Inc

1

.250

09/01/30

10,062,855‌

7,725,000

Mastercard,

Inc

1

.900

03/15/31

6,275,141‌

10,000,000

Visa,

Inc

1

.100

02/15/31

7,659,573‌

TOTAL

SOFTWARE

&

SERVICES

34,840,489‌

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0

.2

%

3,839,000

Apple,

Inc

2

.850

02/23/23

3,828,432‌

5,750,000

Apple,

Inc

3

.000

06/20/27

5,414,877‌

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

9,243,309‌

TELECOMMUNICATION

SERVICES

-

0

.7

%

9,000,000

i

Verizon

Communications,

Inc

SOFR

+

0.790%

5

.113

03/20/26

8,773,269‌

14,225,000

Verizon

Communications,

Inc

2

.550

03/21/31

11,698,051‌

22,950,000

Verizon

Communications,

Inc

3

.400

03/22/41

17,256,161‌

2,200,000

Vodafone

Group

plc

4

.125

06/04/81

1,632,865‌

TOTAL

TELECOMMUNICATION

SERVICES

39,360,346‌

UTILITIES

-

8

.3

%

8,500,000

Algonquin

Power

&

Utilities

Corp

4

.750

01/18/82

6,885,000‌

12,350,000

Ameren

Illinois

Co

2

.900

06/15/51

8,214,887‌

3,605,000

Arizona

Public

Service

Co

3

.750

05/15/46

2,544,851‌

4,500,000

Atlantic

City

Electric

Co

2

.300

03/15/31

3,662,934‌

5,420,000

g

Atlantica

Sustainable

Infrastructure

plc

4

.125

06/15/28

4,804,745‌

3,345,000

Avangrid,

Inc

3

.150

12/01/24

3,197,052‌

7,500,000

Avangrid,

Inc

3

.800

06/01/29

6,815,188‌

5,025,000

Avista

Corp

4

.350

06/01/48

4,168,595‌

5,025,000

g

Azure

Power

Solar

Energy

Pvt

Ltd

5

.650

12/24/24

4,372,751‌

7,050,000

g

Brooklyn

Union

Gas

Co

4

.632

08/05/27

6,724,206‌

10,000,000

g

Brooklyn

Union

Gas

Co

4

.866

08/05/32

9,343,105‌

10,000,000

g

Brooklyn

Union

Gas

Co

4

.487

03/04/49

7,635,868‌

9,850,000

CenterPoint

Energy

Houston

Electric

LLC

2

.350

04/01/31

8,167,644‌

7,350,000

CenterPoint

Energy

Houston

Electric

LLC

3

.350

04/01/51

5,408,800‌

3,050,000

CMS

Energy

Corp

4

.750

06/01/50

2,638,126‌

8,850,000

g

Colbun

S.A.

3

.150

01/19/32

7,455,594‌

14,500,000

Commonwealth

Edison

Co

2

.750

09/01/51

9,279,018‌

6,475,000

g

Consorcio

Transmantaro

SA

4

.700

04/16/34

5,892,245‌

9,350,000

Consumers

Energy

Co

2

.500

05/01/60

5,233,344‌

5,448,359

g

Continental

Wind

LLC

6

.000

02/28/33

5,455,688‌

4,421,475

g

Continuum

Energy

Levanter

Pte

Ltd

4

.500

02/09/27

3,967,806‌

7,115,000

Dominion

Energy,

Inc

3

.600

03/15/27

6,686,699‌

8,325,000

Dominion

Energy,

Inc

4

.350

N/A‡

6,992,446‌

4,850,000

Dominion

Energy,

Inc

(Step

Bond)

3

.071

08/15/24

4,673,350‌

11,725,000

DTE

Electric

Co

1

.900

04/01/28

10,188,817‌

9,025,000

DTE

Electric

Co

3

.250

04/01/51

6,456,819‌

12,000,000

DTE

Energy

Co

2

.850

10/01/26

11,055,639‌

10,000,000

Duke

Energy

Florida

LLC

2

.500

12/01/29

8,546,157‌

1,000,000

Duke

Energy

Progress

LLC

3

.450

03/15/29

920,515‌

8,850,000

Eastern

Energy

Gas

Holdings

LLC

2

.500

11/15/24

8,430,137‌

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

200

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

7,059,000

g

Electricite

de

France

S.A.

3

.625

%

10/13/25

$

6,803,931‌

8,500,000

Essential

Utilities,

Inc

2

.704

04/15/30

7,129,253‌

7,800,000

Essential

Utilities,

Inc

3

.351

04/15/50

5,326,627‌

4,250,000

Evergy,

Inc

2

.550

07/01/26

3,914,579‌

8,882,000

Georgia

Power

Co

3

.250

04/01/26

8,397,310‌

250,000

Georgia

Power

Co

3

.250

03/15/51

172,031‌

8,700,000

Georgia

Power

Co

5

.125

05/15/52

8,155,485‌

8,096,850

g

India

Cleantech

Energy

4

.700

08/10/26

6,917,083‌

9,700,000

Interstate

Power

&

Light

Co

3

.500

09/30/49

6,907,279‌

7,925,000

g

Korea

Hydro

&

Nuclear

Power

Co

Ltd

3

.750

07/25/23

7,890,879‌

14,750,000

g

Liberty

Utilities

Finance

GP

2

.050

09/15/30

11,080,659‌

2,498,000

g

Massachusetts

Electric

Co

1

.729

11/24/30

1,881,841‌

6,875,000

MidAmerican

Energy

Co

3

.100

05/01/27

6,436,506‌

12,626,000

National

Fuel

Gas

Co

5

.500

01/15/26

12,560,995‌

200,000

National

Fuel

Gas

Co

3

.950

09/15/27

184,560‌

3,400,000

National

Fuel

Gas

Co

4

.750

09/01/28

3,177,792‌

11,274,000

National

Fuel

Gas

Co

2

.950

03/01/31

8,834,877‌

11,250,000

g

New

York

State

Electric

&

Gas

Corp

2

.150

10/01/31

8,765,926‌

10,500,000

g

Niagara

Mohawk

Power

Corp

1

.960

06/27/30

8,300,106‌

750,000

g

Niagara

Mohawk

Power

Corp

4

.278

10/01/34

648,631‌

5,250,000

Northwest

Natural

Gas

Co

3

.078

12/01/51

3,251,232‌

10,750,000

PacifiCorp

2

.900

06/15/52

7,017,483‌

7,650,000

PacifiCorp

5

.350

12/01/53

7,571,193‌

7,075,000

Piedmont

Natural

Gas

Co,

Inc

3

.350

06/01/50

4,732,540‌

3,625,000

Public

Service

Co

of

Colorado

3

.200

03/01/50

2,571,254‌

2,975,000

Public

Service

Co

of

New

Hampshire

3

.600

07/01/49

2,282,603‌

6,150,000

Public

Service

Electric

&

Gas

Co

3

.200

08/01/49

4,390,126‌

7,500,000

San

Diego

Gas

&

Electric

Co

4

.150

05/15/48

6,252,708‌

13,988,000

San

Diego

Gas

&

Electric

Co

2

.950

08/15/51

9,447,051‌

3,145,710

SCE

Recovery

Funding

LLC

1

.977

11/15/28

2,862,752‌

7,100,000

SCE

Recovery

Funding

LLC

2

.943

11/15/42

5,551,223‌

2,640,000

SCE

Recovery

Funding

LLC

3

.240

11/15/46

1,894,594‌

5,000,000

Sempra

Energy

4

.875

N/A‡

4,623,400‌

6,250,000

g

Sociedad

de

Transmision

Austral

S.A.

4

.000

01/27/32

5,398,870‌

2,254,674

g

Solar

Star

Funding

LLC

3

.950

06/30/35

1,935,914‌

4,523,320

g

Solar

Star

Funding

LLC

5

.375

06/30/35

4,396,628‌

750,000

Southern

California

Edison

Co

2

.750

02/01/32

627,951‌

5,000,000

Southern

California

Edison

Co

3

.450

02/01/52

3,557,153‌

9,538,000

Southern

Power

Co

4

.150

12/01/25

9,347,947‌

9,975,000

Southwestern

Electric

Power

Co

3

.250

11/01/51

6,557,574‌

2,875,000

Southwestern

Public

Service

Co

3

.750

06/15/49

2,199,924‌

18,529,000

Southwestern

Public

Service

Co

3

.150

05/01/50

12,779,205‌

4,702,640

g

Star

Energy

Geothermal

Wayang

Windu

Ltd

6

.750

04/24/33

4,436,313‌

15,643,058

g

Sweihan

PV

Power

Co

PJSC

3

.625

01/31/49

12,533,530‌

5,000,000

g

TerraForm

Power

Operating

LLC

5

.000

01/31/28

4,499,950‌

7,175,636

g

Topaz

Solar

Farms

LLC

4

.875

09/30/39

6,332,499‌

775,359

g

Topaz

Solar

Farms

LLC

5

.750

09/30/39

734,653‌

2,775,000

TransAlta

Corp

7

.750

11/15/29

2,834,056‌

8,083,302

g

UEP

Penonome

II

S.A.

6

.500

10/01/38

5,910,915‌

15,000,000

Union

Electric

Co

2

.150

03/15/32

11,855,659‌

16,400,000

Union

Electric

Co

2

.625

03/15/51

10,333,591‌

3,625,000

g

Vistra

Corp

7

.000

N/A‡

3,298,508‌

TOTAL

UTILITIES

481,323,375‌

TOTAL

CORPORATE

BONDS

1,660,624,113‌

(Cost

$1,983,242,441)

GOVERNMENT

BONDS

-

55

.5

%

AGENCY

SECURITIES

-

4

.6

%

1,451,000

Canal

Barge

Co,

Inc

4

.500

11/12/34

1,422,576‌

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

201

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

AGENCY

SECURITIES—continued

$

13,014,095

Crowley

Conro

LLC

4

.181

%

08/15/43

$

12,137,512‌

383,181

Ethiopian

Leasing

LLC

2

.566

08/14/26

358,978‌

111,177

Excalibur

One

77B

LLC

1

.492

01/01/25

107,101‌

23,000,000

Federal

Home

Loan

Mortgage

Corp

(FHLMC)

0

.375

05/05/23

22,681,857‌

18,700,000

FHLMC

0

.250

08/24/23

18,155,526‌

13,600,000

FHLMC

0

.250

09/08/23

13,190,787‌

22,692,000

e

FHLMC

0

.250

12/04/23

21,751,084‌

25,000,000

FHLMC

1

.540

08/17/35

17,103,122‌

17,500,000

Federal

National

Mortgage

Association

(FNMA)

0

.250

07/10/23

17,089,618‌

8,600,000

FNMA

0

.625

04/22/25

7,901,195‌

16,800,000

e

FNMA

0

.875

08/05/30

13,335,690‌

9,000,000

FNMA

1

.625

08/24/35

6,254,837‌

7,909,000

Hashemite

Kingdom

of

Jordan

Government

AID

Bond

3

.000

06/30/25

7,626,519‌

4,088,657

HNA

LLC

2

.369

09/18/27

3,826,203‌

415,500

i

Housing

and

Urban

Development

Corp

Ltd

LIBOR

6

M

+

0.035%

3

.872

09/15/30

412,091‌

416,665

i

Jupiter

Aircraft

Leasing

LLC

LIBOR

3

M

+

0.240%

4

.915

08/19/23

416,271‌

416,662

i

Jupiter

Aircraft

Leasing

LLC

LIBOR

3

M

+

0.240%

4

.993

09/22/23

415,877‌

751,478

Overseas

Private

Investment

Corp

(OPIC)

2

.040

12/15/26

724,653‌

3,856,966

OPIC

3

.220

09/15/29

3,645,396‌

4,825,146

OPIC

1

.790

10/15/29

4,328,071‌

12,062,864

OPIC

2

.360

10/15/29

11,046,847‌

828,800

OPIC

4

.140

05/15/30

810,665‌

8,881,527

OPIC

3

.430

06/01/33

8,293,118‌

5,429,160

OPIC

2

.040

06/15/35

4,616,205‌

9,596,522

OPIC

2

.290

07/15/38

8,068,446‌

5,278,087

OPIC

2

.450

07/15/38

4,491,934‌

1,765,000

Private

Export

Funding

Corp

(PEFCO)

3

.250

06/15/25

1,698,983‌

12,080,640

Thirax  LLC

0

.968

01/14/33

9,935,887‌

3,781,127

Thirax

2

LLC

2

.320

01/22/34

3,272,812‌

1,775,000

United

States

International

Development

Finance

Corp

1

.440

04/15/28

1,540,981‌

1,000,000

United

States

International

Development

Finance

Corp

1

.650

04/15/28

876,479‌

1,487,754

United

States

International

Development

Finance

Corp

1

.050

10/15/29

1,297,851‌

4,126,504

United

States

International

Development

Finance

Corp

1

.670

07/15/38

3,307,791‌

2,500,000

US

Department

of

Housing

and

Urban

Development

(HUD)

2

.618

08/01/23

2,469,284‌

2,000,000

HUD

2

.800

08/01/23

1,983,132‌

371,000

HUD

2

.910

08/01/23

368,107‌

2,257,000

HUD

2

.960

08/01/24

2,205,110‌

3,726,000

HUD

2

.870

08/01/27

3,480,211‌

420,000

HUD

5

.380

08/01/27

420,397‌

4,675,000

HUD

2

.985

08/01/28

4,360,743‌

1,931,000

HUD

3

.185

08/01/29

1,801,016‌

1,750,000

HUD

3

.585

08/01/37

1,482,836‌

791,667

VCM

Lease

S.A.

2

.516

09/28/27

743,962‌

4,262,000

Vessel

Management

Services,

Inc

3

.432

08/15/36

3,834,692‌

7,970,000

Vessel

Management

Services,

Inc

3

.477

01/16/37

7,191,675‌

2,883,070

i

Washington

Aircraft

2

Co

Ltd

LIBOR

3

M

+

0.430%

5

.154

06/26/24

2,878,568‌

TOTAL

AGENCY

SECURITIES

265,362,696‌

FOREIGN

GOVERNMENT

BONDS

-

7

.3

%

12,750,000

African

Development

Bank

0

.750

04/03/23

12,627,058‌

11,850,000

g

Arab

Petroleum

Investments

Corp

1

.483

10/06/26

10,546,534‌

1,000,000

e

Asian

Development

Bank

2

.125

03/19/25

950,532‌

9,732,000

Asian

Development

Bank

1

.750

08/14/26

8,904,693‌

12,694,000

Asian

Development

Bank

3

.125

09/26/28

11,949,823‌

12,500,000

Asian

Development

Bank

1

.500

03/04/31

10,273,500‌

EUR

7,925,000

g

Banque

Ouest

Africaine

de

Developpement

2

.750

01/22/33

6,382,566‌

7,500,000

g

BNG

Bank

NV

2

.625

02/27/24

7,306,490‌

CLP

9,475,000,000

g

Bonos

de

la

Tesoreria

de

la

Republica

en

pesos

2

.300

10/01/28

9,408,538‌

8,500,000

g

Caisse

d'Amortissement

de

la

Dette

Sociale

0

.375

09/23/25

7,616,170‌

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

202

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

$

4,750,000

g

Caisse

d'Amortissement

de

la

Dette

Sociale

1

.375

%

01/20/31

$

3,821,494‌

5,000,000

g

Caisse

d'Amortissement

de

la

Dette

Sociale

2

.125

01/26/32

4,200,300‌

19,600,000

Canada

Government

International

Bond

2

.875

04/28/25

18,955,786‌

7,000,000

g

CDP

Financial,

Inc

1

.000

05/26/26

6,221,099‌

6,625,000

Council

Of

Europe

Development

Bank

3

.000

06/16/25

6,399,871‌

12,500,000

g

Development

Bank

of

Japan,

Inc

0

.500

03/04/24

11,865,683‌

15,000,000

European

Bank

for

Reconstruction

&

Development

1

.625

09/27/24

14,246,136‌

1,000,000

European

Bank

for

Reconstruction

&

Development

1

.500

02/13/25

940,000‌

1,250,000

European

Investment

Bank

2

.375

05/24/27

1,160,676‌

3,725,000

European

Investment

Bank

0

.625

10/21/27

3,159,657‌

3,750,000

e

European

Investment

Bank

3

.250

11/15/27

3,604,523‌

10,500,000

European

Investment

Bank

1

.625

10/09/29

8,984,536‌

10,279,000

European

Investment

Bank

0

.750

09/23/30

8,063,408‌

9,300,000

g

European

Stability

Mechanism

1

.375

09/11/24

8,803,027‌

10,875,000

Export

Development

Canada

3

.375

08/26/25

10,587,298‌

3,968,000

Hydro-Quebec

8

.050

07/07/24

4,147,684‌

2,500,000

Inter-American

Development

Bank

1

.125

01/13/31

1,996,975‌

10,625,000

Inter-American

Investment

Corp

2

.625

04/22/25

10,174,871‌

3,215,000

i

International

Bank

for

Reconstruction

&

Development

4

.696

06/17/24

3,225,609‌

14,000,000

International

Bank

for

Reconstruction

&

Development

0

.625

04/22/25

12,842,900‌

4,750,000

International

Bank

for

Reconstruction

&

Development

3

.125

11/20/25

4,588,881‌

25,000,000

International

Bank

for

Reconstruction

&

Development

0

.000

03/31/27

21,898,500‌

3,000,000

International

Bank

for

Reconstruction

&

Development

1

.625

11/03/31

2,455,527‌

2,900,000

International

Bank

for

Reconstruction

&

Development

2

.750

05/31/36

2,360,316‌

10,450,000

g

International

Development

Association

2

.750

04/24/23

10,387,292‌

3,250,000

e

International

Finance

Corp

2

.125

04/07/26

3,034,922‌

3,350,000

g

Japan

Finance

Organization

for

Municipalities

3

.375

09/27/23

3,304,809‌

8,750,000

e

Japan

International

Cooperation

Agency

1

.750

04/28/31

7,054,885‌

6,000,000

g

Kommunalbanken

AS.

2

.125

02/11/25

5,709,917‌

7,445,000

g

Korea

Electric

Power

Corp

1

.125

06/15/25

6,743,830‌

9,200,000

i

Kreditanstalt

fuer

Wiederaufbau

SOFR

+

1.000%

5

.103

02/12/24

9,290,977‌

11,750,000

Kreditanstalt

fuer

Wiederaufbau

0

.250

03/08/24

11,135,945‌

9,537,000

Kreditanstalt

fuer

Wiederaufbau

1

.000

10/01/26

8,474,064‌

3,586,000

Kreditanstalt

fuer

Wiederaufbau

0

.750

09/30/30

2,800,390‌

13,250,000

Landwirtschaftliche

Rentenbank

0

.875

09/03/30

10,431,353‌

10,000,000

g

Nederlandse

Waterschapsbank

NV

1

.750

01/15/25

9,457,450‌

7,750,000

g

Nederlandse

Waterschapsbank

NV

2

.375

03/24/26

7,264,773‌

11,250,000

g

OMERS

Finance

Trust

3

.500

04/19/32

10,142,824‌

8,000,000

g

OMERS

Finance

Trust

4

.000

04/19/52

6,364,188‌

6,000,000

g

Perusahaan

Penerbit

SBSN

Indonesia

III

3

.750

03/01/23

5,985,000‌

5,900,000

g

Perusahaan

Penerbit

SBSN

Indonesia

III

3

.900

08/20/24

5,826,250‌

5,000,000

Province

of

Quebec

Canada

2

.750

04/12/27

4,687,105‌

15,000,000

Province

of

Quebec

Canada

1

.900

04/21/31

12,436,950‌

10,000,000

Republic

of

Italy

Government

International

Bond

2

.875

10/17/29

8,301,346‌

10,750,000

Republic

of

Italy

Government

International

Bond

4

.000

10/17/49

7,597,386‌

4,250,000

Seychelles

International

Bond

6

.500

10/11/28

3,506,590‌

TOTAL

FOREIGN

GOVERNMENT

BONDS

420,608,907‌

MORTGAGE

BACKED

-

22

.8

%

2,300,000

g,i

Connecticut

Avenue

Securities

Trust

5

.828

12/25/41

2,187,535‌

3,000,000

g,i

Connecticut

Avenue

Securities

Trust

8

.428

01/25/42

2,848,370‌

6,340,000

g,i

Connecticut

Avenue

Securities

Trust

7

.028

03/25/42

6,325,199‌

12,180,000

g,i

Connecticut

Avenue

Securities

Trust

7

.778

05/25/42

12,449,736‌

11,540,000

g,i

Connecticut

Avenue

Securities

Trust

8

.594

06/25/42

12,112,982‌

5,448,749

Federal

Home

Loan

Mortgage

Corp

(FHLMC)

2

.310

12/01/31

4,564,582‌

6,875,000

FHLMC

3

.740

06/01/37

6,139,846‌

8,334,619

FHLMC

4

.500

11/01/37

8,279,765‌

85,621

FHLMC

4

.000

06/01/42

82,138‌

490,934

i

FHLMC

LIBOR

1

M

+

5.920%

1

.602

03/15/44

43,084‌

784,615

i

FHLMC

LIBOR

1

M

+

9.920%

3

.011

06/15/48

733,247‌

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

203

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

689,989

i

FHLMC

LIBOR

1

M

+

9.840%

2

.931

%

10/15/48

$

627,871‌

2,286,076

FHLMC

3

.000

11/01/49

2,038,420‌

8,587,146

FHLMC

2

.000

09/25/50

1,011,132‌

14,992,599

FHLMC

2

.500

02/25/51

2,370,984‌

409,834

FHLMC

3

.000

11/01/51

364,294‌

8,898,668

FHLMC

3

.000

11/01/51

7,941,982‌

1,093,521

FHLMC

3

.000

11/01/51

979,933‌

1,600,840

FHLMC

3

.000

11/01/51

1,428,734‌

18,485,058

FHLMC

2

.000

02/01/52

15,149,828‌

20,231,539

FHLMC

2

.500

02/01/52

17,248,366‌

14,150,617

FHLMC

2

.500

03/01/52

12,064,014‌

2,324,304

FHLMC

3

.000

04/01/52

2,050,207‌

20,391,968

h

FHLMC

3

.500

05/01/52

18,544,607‌

7,808,166

FHLMC

3

.500

06/01/52

7,126,411‌

9,534,392

FHLMC

4

.500

06/01/52

9,177,399‌

9,157,573

FHLMC

4

.500

07/01/52

8,814,893‌

1,348,070

FHLMC

4

.000

08/25/52

1,153,120‌

11,062,723

FHLMC

6

.000

11/01/52

11,232,485‌

93,242

Federal

Home

Loan

Mortgage

Corp

Gold

(FGLMC)

5

.000

06/01/36

95,328‌

86,845

FGLMC

4

.500

12/01/43

85,985‌

81,116

FGLMC

4

.500

02/01/44

80,315‌

759,439

FGLMC

5

.000

08/01/44

775,975‌

140,354

FGLMC

3

.500

04/01/45

131,024‌

3,080,386

FGLMC

3

.500

08/01/45

2,872,668‌

1,688,480

FGLMC

3

.500

02/01/47

1,578,492‌

213,754

FGLMC

4

.500

06/01/47

211,816‌

323,500

FGLMC

4

.000

09/01/47

309,444‌

67,319

FGLMC

3

.500

12/01/47

62,627‌

1,416,357

FGLMC

4

.500

08/01/48

1,400,301‌

66,547

Federal

National

Mortgage

Association

(FNMA)

3

.500

07/01/26

65,324‌

4,168,553

i

FNMA

2

.759

02/25/27

3,925,291‌

9,084,732

i

FNMA

3

.302

06/25/28

8,636,055‌

15,250,000

i

FNMA

1

.467

11/25/30

12,184,056‌

15,500,000

i

FNMA

1

.246

01/25/31

12,161,765‌

274,242

FNMA

3

.500

05/01/32

267,812‌

3,954,283

FNMA

3

.000

10/01/32

3,763,019‌

16,742

FNMA

2

.500

10/01/36

15,361‌

10,385,033

FNMA

3

.500

10/01/37

9,934,741‌

16,950,924

FNMA

4

.000

11/01/37

16,543,513‌

124,187

FNMA

5

.500

11/01/38

128,782‌

3,561,041

FNMA

3

.000

05/01/40

3,232,907‌

1,004,512

FNMA

3

.500

05/01/40

937,857‌

275,056

FNMA

5

.000

09/01/40

278,530‌

445,956

FNMA

5

.000

04/01/41

451,586‌

13,091,778

FNMA

2

.000

03/01/42

11,035,347‌

1,396,278

FNMA

4

.000

09/01/42

1,337,827‌

648,733

i

FNMA

LIBOR

1

M

+

5.950%

1

.561

09/25/43

64,511‌

43,107

FNMA

4

.500

06/01/44

42,347‌

254,860

FNMA

4

.500

06/01/44

250,106‌

109,621

FNMA

4

.500

08/01/44

107,578‌

208,894

FNMA

4

.500

11/01/44

205,013‌

596,692

FNMA

4

.000

01/01/45

570,129‌

217,020

FNMA

4

.500

03/01/45

213,197‌

625,919

FNMA

3

.500

01/01/46

581,890‌

702,179

FNMA

4

.000

04/01/46

671,079‌

899,900

FNMA

3

.500

06/01/46

835,673‌

1,263,049

FNMA

3

.500

07/01/46

1,173,035‌

1,739,192

FNMA

3

.500

07/01/46

1,627,319‌

1,885,076

FNMA

3

.500

08/01/46

1,750,537‌

2,431,920

FNMA

3

.000

10/01/46

2,153,651‌

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

204

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

127,705

FNMA

4

.500

%

05/01/47

$

126,598‌

500,370

FNMA

4

.000

10/01/47

477,490‌

4,139,814

FNMA

3

.500

11/01/47

3,867,509‌

247,928

FNMA

4

.500

11/01/47

243,707‌

96,530

FNMA

3

.500

01/01/48

89,735‌

3,174,266

FNMA

3

.500

01/01/48

2,943,475‌

880,012

FNMA

4

.500

01/01/48

866,523‌

234,836

FNMA

4

.500

02/01/48

231,503‌

934,889

FNMA

4

.500

03/01/48

921,092‌

629,805

FNMA

4

.500

05/01/48

621,224‌

441,354

FNMA

4

.500

05/01/48

435,341‌

230,234

FNMA

5

.000

08/01/48

231,739‌

10,628,923

FNMA

4

.500

10/01/48

10,804,329‌

14,727,978

FNMA

3

.000

07/01/50

13,116,154‌

4,587,446

FNMA

2

.000

08/25/50

648,378‌

13,044,607

FNMA

2

.500

11/25/50

1,898,019‌

4,443,338

FNMA

3

.000

12/25/50

699,553‌

4,372,283

FNMA

3

.000

02/25/51

893,066‌

34,189,725

FNMA

2

.000

04/01/51

27,916,164‌

2,245,267

FNMA

3

.000

09/01/51

1,997,176‌

4,722,907

FNMA

2

.500

11/25/51

640,340‌

14,343,351

FNMA

2

.000

12/01/51

11,753,610‌

709,529

FNMA

3

.000

01/01/52

626,631‌

17,553,196

FNMA

2

.000

02/01/52

14,337,981‌

12,808,888

FNMA

2

.500

02/01/52

10,920,094‌

21,951,766

FNMA

2

.500

02/01/52

18,714,924‌

8,514,497

FNMA

2

.500

02/01/52

7,249,763‌

7,958,930

FNMA

3

.500

02/01/52

7,300,065‌

4,131,991

FNMA

2

.000

03/01/52

3,374,485‌

20,723,069

FNMA

2

.000

03/01/52

16,966,213‌

1,886,430

FNMA

2

.500

04/01/52

1,608,302‌

2,773,612

FNMA

3

.000

04/01/52

2,445,883‌

20,546,431

FNMA

3

.000

04/01/52

18,114,965‌

3,676,300

FNMA

3

.000

04/01/52

3,241,897‌

38,480,291

FNMA

3

.000

04/01/52

33,942,445‌

24,060,495

FNMA

3

.000

04/01/52

21,218,225‌

1,395,341

FNMA

3

.500

04/01/52

1,268,071‌

12,318,632

FNMA

3

.500

05/01/52

11,195,147‌

24,736,917

h

FNMA

3

.500

05/01/52

22,474,024‌

22,529,929

FNMA

4

.000

05/01/52

21,143,317‌

16,767,784

FNMA

3

.500

06/01/52

15,284,082‌

10,854,608

FNMA

4

.000

06/01/52

10,182,056‌

4,740,420

FNMA

4

.500

06/01/52

4,562,375‌

19,330,827

FNMA

4

.000

07/01/52

18,139,045‌

3,424,066

FNMA

4

.000

07/01/52

3,211,905‌

4,070,037

FNMA

4

.500

07/01/52

3,918,164‌

27,053,526

FNMA

4

.500

07/01/52

26,041,917‌

28,044,222

FNMA

5

.000

08/01/52

27,656,391‌

2,200,801

FNMA

4

.500

08/25/52

1,943,035‌

6,725,208

FNMA

3

.500

09/01/52

6,111,218‌

19,402,006

h

FNMA

4

.000

09/01/52

18,199,800‌

156,196,469

h

FNMA

4

.500

09/01/52

150,351,753‌

5,269,599

FNMA

5

.000

09/01/52

5,196,724‌

1,926,477

FNMA

4

.000

09/25/52

1,712,685‌

1,692,378

FNMA

4

.000

09/25/52

1,481,315‌

116,256,479

h

FNMA

4

.000

10/01/52

109,052,963‌

49,610,793

h

FNMA

5

.000

10/01/52

48,924,712‌

1,618,068

FNMA

4

.500

10/25/52

1,538,108‌

1,845,608

FNMA

4

.500

10/25/52

1,762,712‌

3,052,793

FNMA

5

.500

11/25/52

3,023,908‌

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

205

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

11,045,371

h

FNMA

5

.500

%

12/01/52

$

11,075,018‌

11,650,000

Freddie

Mac

Multifamily

Variable

Rate

Certificate

2

.875

07/25/36

10,034,813‌

1,900,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.328

10/25/41

1,776,657‌

1,270,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.428

03/25/42

1,261,281‌

15,185,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.278

05/25/42

15,287,172‌

975,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.478

08/25/42

968,385‌

6,385,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.628

09/25/42

6,520,241‌

1,679,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

6

.228

08/25/33

1,661,116‌

3,180,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

6

.647

11/25/41

2,963,579‌

11,790,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

6

.328

02/25/42

11,481,801‌

12,600,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

8

.428

06/25/42

13,192,500‌

5,020,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

7

.928

07/25/42

5,066,754‌

586,651

Government

National

Mortgage

Association

(GNMA)

2

.690

06/15/33

528,802‌

29,926

GNMA

5

.000

06/20/42

30,436‌

8,384,023

GNMA

2

.500

12/20/43

7,511,215‌

11,475,298

GNMA

2

.750

01/15/45

10,217,722‌

546,053

GNMA

4

.000

06/20/46

75,444‌

2,589,505

GNMA

3

.500

12/20/46

2,415,008‌

1,763,848

GNMA

3

.500

01/20/47

1,646,987‌

3,304,468

i

GNMA

LIBOR

1

M

+

6.100%

1

.747

03/20/50

384,760‌

1,544,670

GNMA

3

.500

10/20/50

1,428,956‌

4,859,737

GNMA

3

.000

07/20/51

4,348,797‌

4,587,302

GNMA

2

.500

02/20/52

3,799,064‌

13,165,802

GNMA

2

.500

05/20/52

11,406,230‌

62,719,449

GNMA

3

.000

05/20/52

55,847,321‌

17,437,837

GNMA

3

.500

07/20/52

16,022,812‌

2,277,583

GNMA

4

.000

07/20/52

1,930,545‌

7,660,502

GNMA

4

.000

08/20/52

7,249,471‌

9,704,205

h

GNMA

4

.000

09/20/52

9,183,510‌

4,030,056

GNMA

4

.500

09/20/52

3,645,593‌

3,283,666

GNMA

4

.500

09/20/52

3,073,945‌

2,741,180

GNMA

4

.500

09/20/52

2,569,544‌

6,733,491

h

GNMA

5

.000

11/20/52

6,673,825‌

17,000,000

h

GNMA

4

.500

12/20/52

16,493,058‌

4,248,237

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

03/25/52

3,266,549‌

3,771,060

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

03/25/52

3,253,356‌

3,562,304

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

05/01/52

3,070,682‌

1,127,948

g,i

J.P.

Morgan

Mortgage

Trust

2

.927

05/25/52

853,280‌

2,444,311

g,i

J.P.

Morgan

Mortgage

Trust

3

.000

11/25/52

2,048,773‌

2,890,951

g,i

J.P.

Morgan

Mortgage

Trust

3

.000

12/25/52

2,311,549‌

5,833,478

g,i

JP

Morgan

Mortgage

Trust

2

.500

07/25/52

4,514,524‌

2,856,331

g,i

JP

Morgan

Mortgage

Trust

3

.250

07/25/52

2,439,031‌

9,208,120

g,i

JP

Morgan

Mortgage

Trust

3

.000

08/25/52

7,523,152‌

4,704,871

g,i

JP

Morgan

Mortgage

Trust

3

.000

10/25/52

3,755,481‌

4,033,596

g,i

JP

Morgan

Mortgage

Trust

3

.000

11/25/52

3,225,186‌

TOTAL

MORTGAGE

BACKED

1,317,734,927‌

MUNICIPAL

BONDS

-

7

.0

%

2,000,000

Brunswick

&

Glynn

County

Development

Authority

3

.060

04/01/25

1,933,273‌

3,000,000

California

Earthquake

Authority

1

.477

07/01/23

2,949,661‌

950,000

California

Health

Facilities

Financing

Authority

4

.353

06/01/41

842,047‌

145,000

g

California

Municipal

Finance

Authority

4

.250

11/01/23

142,859‌

6,400,000

g

California

Municipal

Finance

Authority

6

.375

11/15/48

5,455,521‌

5,825,000

California

Municipal

Finance

Authority

3

.594

08/15/51

3,848,769‌

12,250,000

Chicago

Housing

Authority

4

.361

01/01/38

10,979,605‌

16,465,000

Chicago

Metropolitan

Water

Reclamation

District-

Greater

Chicago

5

.720

12/01/38

17,424,495‌

1,000,000

Chicago

Park

District

4

.095

01/01/26

970,626‌

625,000

Chula

Vista

Municipal

Financing

Authority

3

.775

12/01/33

554,868‌

1,350,000

Chula

Vista

Municipal

Financing

Authority

3

.975

12/01/38

1,151,296‌

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

206

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MUNICIPAL

BONDS—continued

$

740,000

Chula

Vista

Municipal

Financing

Authority

4

.075

%

12/01/41

$

612,800‌

4,300,000

Chula

Vista

Municipal

Financing

Authority

4

.275

12/01/48

3,457,096‌

5,730,000

City

&

County

of

Honolulu

HI

3

.944

09/01/34

5,199,922‌

935,000

City

&

County

of

San

Francisco

CA

3

.700

04/01/34

835,828‌

440,000

City

&

County

of

San

Francisco

CA

3

.750

04/01/35

390,247‌

5,835,000

City

&

County

of

San

Francisco

CA

3

.900

04/01/42

4,872,862‌

5,405,000

City

&

County

of

San

Francisco

CA

Community

Facilities

District

3

.750

09/01/37

4,531,259‌

4,610,000

City

&

County

of

San

Francisco

CA

Community

Facilities

District

4

.221

09/01/39

3,979,202‌

5,000,000

City

&

County

of

San

Francisco

CA

Community

Facilities

District

4

.000

09/01/48

3,776,360‌

7,805,000

City

&

County

of

San

Francisco

CA

Community

Facilities

District

3

.482

09/01/50

5,191,646‌

1,225,000

City

&

County

of

San

Francisco

CA

Community

Facilities

District

No

2014

6

.332

09/01/51

1,238,089‌

1,925,000

City

of

Berkeley

CA

3

.250

09/01/35

1,611,882‌

8,885,000

City

of

Berkeley

CA

3

.750

09/01/43

6,956,280‌

2,490,000

City

of

Chicago

IL

7

.750

01/01/42

2,619,047‌

510,000

City

of

Chicago

IL

7

.750

01/01/42

518,545‌

650,000

City

of

Detroit

MI

2

.511

04/01/25

604,891‌

745,000

City

of

Detroit

MI

2

.711

04/01/26

675,731‌

525,000

City

of

Detroit

MI

3

.644

04/01/34

430,012‌

2,750,000

City

of

Florence

SC

4

.250

12/01/34

2,555,623‌

4,000,000

City

of

Los

Angeles

CA

3

.500

09/01/37

3,280,418‌

9,060,000

City

of

Los

Angeles

CA

3

.880

09/01/38

7,904,508‌

7,000,000

City

of

Los

Angeles

CA

5

.000

09/01/42

6,677,327‌

5,850,000

City

of

Los

Angeles

Department

of

Airports

Customer

Facility

Charge

Revenue

4

.242

05/15/48

4,907,164‌

870,000

g

City

of

Miami

FL

4

.808

01/01/39

797,195‌

170,000

City

of

Mount

Shasta

CA

4

.000

08/01/29

182,375‌

190,000

City

of

Mount

Shasta

CA

3

.000

08/01/32

188,211‌

2,685,000

City

of

Oakland

CA

1

.830

01/15/27

2,374,034‌

3,025,000

City

of

Port

Lions

AK

7

.500

10/01/52

3,051,297‌

12,615,000

City

of

San

Francisco

CA

Public

Utilities

Commission

Water

Revenue

3

.303

11/01/39

10,331,733‌

22,705,000

City

of

San

Francisco

CA

Public

Utilities

Commission

Water

Revenue

2

.825

11/01/41

16,972,505‌

5,750,000

City

of

San

Francisco

CA

Public

Utilities

Commission

Water

Revenue

4

.185

11/01/46

4,688,305‌

1,385,000

City

of

San

Juan

Capistrano

CA

4

.190

08/01/40

1,216,607‌

5,255,000

City

of

Seattle

WA

Local

Improvement

District

No

6751

2

.999

11/01/43

4,326,525‌

5,240,000

City

of

Seattle

WA

Local

Improvement

District

No

6751

3

.079

11/01/43

4,262,418‌

360,000

Clean

Water

Services

5

.701

10/01/30

373,408‌

2,730,000

Commonwealth

Financing

Authority

3

.864

06/01/38

2,399,611‌

1,250,000

Connecticut

Green

Bank

2

.900

11/15/35

1,009,668‌

5,000,000

County

of

Alameda

CA

3

.820

08/01/38

4,314,149‌

4,500,000

g

County

of

Fond

Du

Lac

WI

5

.569

11/01/51

4,226,777‌

3,500,000

g

County

of

Gallatin

MT

11

.500

09/01/27

3,645,460‌

12,020,000

County

of

Miami-Dade

FL

Water

&

Sewer

System

Revenue

3

.490

10/01/42

9,654,071‌

1,495,000

County

of

Saline

AR

4

.000

06/01/37

1,311,991‌

3,500,000

District

of

Columbia

3

.432

04/01/42

2,602,421‌

1,900,000

District

of

Columbia

Water

&

Sewer

Authority

4

.814

10/01/14

1,650,231‌

1,550,000

g

Finance

Authority

of

Maine

5

.375

12/15/33

13,718‌

500,000

Finance

Authority

of

Maine

5

.250

06/15/34

4,410‌

6,550,000

g

Florida

Development

Finance

Corp

7

.250

07/01/57

6,531,851‌

20,000,000

Grant

County

Public

Utility

District

No

2

2

.918

01/01/40

14,832,632‌

9,405,000

Grant

County

Public

Utility

District

No

2

3

.210

01/01/40

7,201,397‌

9,375,000

Great

Lakes

Water

Authority

Sewage

Disposal

System

Revenue

3

.056

07/01/39

7,217,019‌

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

207

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MUNICIPAL

BONDS—continued

$

13,265,000

Great

Lakes

Water

Authority

Water

Supply

System

Revenue

3

.473

%

07/01/41

$

10,648,382‌

1,180,000

Idaho

State

Building

Authority

3

.202

09/01/37

943,465‌

3,105,000

Jackson

County

Industrial

Development

Authority

4

.250

05/01/39

2,762,007‌

2,000,000

Kern

County

Water

Agency

Improvement

District

No

4

4

.276

05/01/36

1,865,063‌

450,000

Klickitat

County

Public

Utilities

3

.688

12/01/38

371,103‌

1,000,000

Lavaca-Navidad

River

Authority

4

.430

08/01/35

954,324‌

7,690,000

Los

Angeles

Community

College

District

2

.106

08/01/32

6,159,258‌

1,300,000

Maine

State

Housing

Authority

2

.481

11/15/31

1,062,693‌

2,490,000

Maryland

Community

Development

Administration

Housing

Revenue

3

.797

03/01/39

2,148,206‌

3,000,000

Massachusetts

Clean

Energy

Cooperative

Corp

2

.020

07/01/28

2,566,451‌

3,455,000

Massachusetts

Housing

Finance

Agency

5

.562

12/01/52

3,449,132‌

2,705,000

Massachusetts

St.

Water

Pollution

Abatement

5

.192

08/01/40

2,714,925‌

6,000,000

Massachusetts

Water

Resources

Authority

3

.104

08/01/39

4,609,592‌

10,735,000

Metropolitan

Transportation

Authority

5

.175

11/15/49

9,301,248‌

4,065,000

New

York

City

Housing

Development

Corp

3

.119

08/01/38

3,124,792‌

2,500,000

New

York

City

Housing

Development

Corp

3

.720

11/01/39

2,019,190‌

1,370,000

New

York

State

Energy

Research

&

Development

Authority

2

.465

10/01/26

1,232,282‌

1,210,000

New

York

State

Energy

Research

&

Development

Authority

2

.665

10/01/27

1,064,552‌

1,045,000

New

York

State

Energy

Research

&

Development

Authority

2

.879

10/01/28

904,020‌

215,000

New

York

State

Energy

Research

&

Development

Authority

4

.577

04/01/35

207,585‌

2,115,000

New

York

State

Environmental

Facilities

Corp

3

.420

07/15/26

2,026,129‌

7,500,000

New

York

Transportation

Development

Corp

5

.000

01/01/26

7,608,146‌

1,500,000

g

Ohio

Air

Quality

Development

Authority

4

.250

01/15/38

1,391,079‌

2,000,000

g

Ohio

Air

Quality

Development

Authority

4

.500

01/15/48

1,756,953‌

13,180,000

Ohio

State

Water

Development

Authority

4

.879

12/01/34

13,067,465‌

5,750,000

†,g,q

Oregon

State

Business

Development

Commission

6

.500

04/01/31

419,750‌

2,000,000

†,q

Oregon

State

Business

Development

Commission

11

.500

04/01/31

120,000‌

2,665,000

Papio-Missouri

River

Natural

Resource

District

2

.198

12/15/25

2,481,855‌

2,080,000

Papio-Missouri

River

Natural

Resource

District

2

.318

12/15/26

1,897,714‌

3,250,000

Papio-Missouri

River

Natural

Resource

District

2

.482

12/15/27

2,915,235‌

2,725,000

Pend

Oreille

County

Public

Utility

District

No

Box

Canyon

5

.000

01/01/30

2,677,477‌

6,920,000

g

Pennsylvania

Economic

Development

Financing

Authority

10

.000

12/01/29

6,441,420‌

275,000

Pharr

Economic

Development

Corp

3

.216

08/15/27

255,606‌

1,110,000

Pharr

Economic

Development

Corp

3

.401

08/15/29

1,007,981‌

405,000

Public

Finance

Authority

15

.000

02/01/23

404,733‌

1,735,000

g

Public

Finance

Authority

7

.500

06/01/29

1,704,515‌

300,000

Redevelopment

Authority

of

the

City

of

Philadelphia

1

.377

09/01/25

274,144‌

1,750,000

Redevelopment

Authority

of

the

City

of

Philadelphia

3

.172

09/01/41

1,296,631‌

1,000,000

Rhode

Island

Housing

&

Mortgage

Finance

Corp

3

.300

10/01/39

828,535‌

1,450,000

Rhode

Island

Housing

&

Mortgage

Finance

Corp

3

.400

10/01/44

1,135,514‌

6,950,000

Rhode

Island

Housing

&

Mortgage

Finance

Corp

3

.500

10/01/51

5,314,556‌

1,000,000

San

Francisco

City

&

County

Redevelopment

Agency

3

.533

08/01/25

966,576‌

1,000,000

San

Francisco

City

&

County

Redevelopment

Agency

4

.375

08/01/44

828,401‌

250,000

Sangamon

County

Water

Reclamation

District

2

.507

01/01/29

221,720‌

2,500,000

Sangamon

County

Water

Reclamation

District

2

.907

01/01/34

1,947,310‌

2,050,000

Sangamon

County

Water

Reclamation

District

3

.272

01/01/37

1,550,603‌

3,000,000

Semitropic

Improvement

District

2

.499

12/01/25

2,812,985‌

1,000,000

Semitropic

Improvement

District

of

the

Semitropic

Water

Storage

District

3

.293

12/01/35

814,224‌

1,900,000

South

Dakota

Housing

Development

Authority

5

.460

05/01/53

1,912,077‌

1,000,000

South

Davis

Sewer

District

4

.125

12/01/32

934,755‌

1,100,000

South

Davis

Sewer

District

4

.500

12/01/37

1,012,526‌

2,090,000

State

of

California

4

.600

04/01/38

1,971,374‌

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

208

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MUNICIPAL

BONDS—continued

$

2,480,000

State

of

California

4

.988

%

04/01/39

$

2,406,628‌

2,305,799

State

of

Hawaii

Department

of

Business

Economic

Development

&

Tourism

3

.242

01/01/31

2,148,070‌

1,000,000

State

of

Texas

3

.726

08/01/43

992,868‌

6,625,000

Stockton

Public

Financing

Authority

3

.610

10/01/40

5,273,118‌

2,400,000

g

Syracuse

Industrial

Development

Agency

5

.000

01/01/36

1,622,807‌

1,000,000

Texas

Water

Development

Board

3

.500

10/15/37

858,647‌

7,500,000

Texas

Water

Development

Board

4

.190

10/15/43

6,722,971‌

3,000,000

Texas

Water

Development

Board

3

.700

10/15/47

2,357,154‌

3,000,000

Texas

Water

Development

Board

4

.648

04/15/50

2,728,182‌

2,000,000

University

of

New

Mexico

3

.532

06/20/32

1,827,888‌

4,400,000

Upper

Santa

Clara

Valley

Joint

Powers

Authority

3

.875

08/01/48

3,458,313‌

5,000,000

Vermont

Educational

&

Health

Buildings

Financing

Agency

4

.000

12/01/42

4,539,707‌

750,000

Vermont

Educational

&

Health

Buildings

Financing

Agency

4

.000

12/01/46

663,123‌

750,000

Village

of

Bellwood

IL

5

.375

12/01/32

691,750‌

4,460,000

Village

of

Bellwood

IL

6

.000

12/01/50

3,674,588‌

1,000,000

g

Warm

Springs

Reservation

Confederated

Tribe

3

.300

11/01/27

931,284‌

1,250,000

g

Warm

Springs

Reservation

Confederated

Tribe

3

.550

11/01/32

1,103,859‌

530,000

Washington

County

Clean

Water

Services

5

.078

10/01/24

533,866‌

1,905,000

†,g,q

Washington

Economic

Development

Finance

Authority

7

.500

01/01/32

764,096‌

650,000

Yuba

City

Public

Financing

Authority

3

.960

06/01/32

605,169‌

1,500,000

Yuba

City

Public

Financing

Authority

4

.320

06/01/42

1,315,988‌

TOTAL

MUNICIPAL

BONDS

407,786,113‌

U.S.

TREASURY

SECURITIES

-

13

.8

%

2,500,000

United

States

Treasury

Bond

3

.125

05/15/48

2,101,074‌

2,500,000

United

States

Treasury

Bond

3

.000

02/15/49

2,058,789‌

14,517,375

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

10/15/24

13,980,219‌

1,092,000

United

States

Treasury

Note

1

.875

08/31/24

1,044,481‌

25,180,000

United

States

Treasury

Note

4

.250

12/31/24

25,092,460‌

620,000

United

States

Treasury

Note

2

.875

04/30/25

599,971‌

12,829,000

United

States

Treasury

Note

4

.000

12/15/25

12,746,814‌

3,235,000

United

States

Treasury

Note

0

.500

10/31/27

2,736,229‌

91,276,000

United

States

Treasury

Note

4

.125

10/31/27

91,611,154‌

6,025,000

United

States

Treasury

Note

0

.625

11/30/27

5,116,072‌

285,000

United

States

Treasury

Note

3

.875

12/31/27

283,352‌

46,750,000

United

States

Treasury

Note

1

.125

08/31/28

39,916,465‌

9,000,000

United

States

Treasury

Note

1

.375

10/31/28

7,768,477‌

32,670,000

United

States

Treasury

Note

4

.000

10/31/29

32,680,209‌

5,780,000

United

States

Treasury

Note

3

.875

12/31/29

5,751,100‌

281,273,400

United

States

Treasury

Note

4

.125

11/15/32

287,030,715‌

14,543,000

United

States

Treasury

Note

1

.875

02/15/41

10,278,947‌

9,700,000

United

States

Treasury

Note

2

.250

05/15/41

7,292,051‌

116,487,800

j

United

States

Treasury

Note

2

.375

02/15/42

88,940,255‌

43,723,000

e

United

States

Treasury

Note

4

.000

11/15/42

42,807,550‌

31,783,000

United

States

Treasury

Note

2

.250

02/15/52

22,101,600‌

114,464,000

United

States

Treasury

Note

3

.000

08/15/52

94,307,605‌

TOTAL

U.S.

TREASURY

SECURITIES

796,245,589‌

TOTAL

GOVERNMENT

BONDS

3,207,738,232‌

(Cost

$3,470,737,931)

STRUCTURED

ASSETS

-

13

.5

%

ASSET

BACKED

-

4

.7

%

450,000

g

AMSR

Trust

3

.148

01/19/39

398,234‌

Series

-

2019

SFR1

(Class

C)

400,000

g

AMSR

Trust

3

.247

01/19/39

351,623‌

Series

-

2019

SFR1

(Class

D)

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

209

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

2,500,000

g,i

BFLD

Trust

LIBOR

1

M

+

2.100%

6

.418

%

10/15/35

$

2,225,123‌

Series

-

2020

EYP

(Class

C)

97,859

i

C-BASS

Trust

LIBOR

1

M

+

0.160%

3

.039

07/25/36

92,479‌

Series

-

2006

CB6

(Class

A1)

1,447,025

†,g,i

CBRE

Realty

Finance

LIBOR

3

M

+

0.300%

0

.438

04/07/52

3,618‌

Series

-

2007

1A

(Class

A2)

2,078,646

Delta

Air

Lines

Pass

Through

Trust

4

.250

07/30/23

2,037,561‌

Series

-

2015

1

(Class

B)

2,850,000

Delta

Air

Lines

Pass

Through

Trust

3

.204

04/25/24

2,777,785‌

Series

-

2019

1

(Class

AA)

13,700,000

Delta

Air

Lines

Pass

Through

Trust

3

.404

04/25/24

13,088,527‌

Series

-

2019

1

(Class

A)

6,548,967

Delta

Air

Lines

Pass

Through

Trust

2

.000

06/10/28

5,576,796‌

Series

-

2020

1

(Class

AA)

16,178,747

Delta

Air

Lines

Pass

Through

Trust

2

.500

06/10/28

13,738,597‌

Series

-

2020

1

(Class

A)

846,000

g

Domino's

Pizza

Master

Issuer

LLC

4

.474

10/25/45

806,191‌

Series

-

2015

1A

(Class

A2II)

768,000

g

Domino's

Pizza

Master

Issuer

LLC

4

.116

07/25/48

726,974‌

Series

-

2018

1A

(Class

A2I)

211,248

g,i

Ellington

Loan

Acquisition

Trust

LIBOR

1

M

+

1.100%

5

.489

05/25/37

207,517‌

Series

-

2007

2

(Class

A2C)

3,432,673

g

GoodLeap

Sustainable

Home

Solutions

Trust

2

.100

05/20/48

2,440,583‌

Series

-

2021

3CS

(Class

A)

3,736,341

g

GoodLeap

Sustainable

Home

Solutions

Trust

1

.930

07/20/48

2,846,574‌

Series

-

2021

4GS

(Class

A)

13,633,447

g

GoodLeap

Sustainable

Home

Solutions

Trust

2

.310

10/20/48

9,892,668‌

Series

-

2021

5CS

(Class

A)

4,836,093

g

GoodLeap

Sustainable

Home

Solutions

Trust

2

.560

10/20/48

3,404,831‌

Series

-

2021

5CS

(Class

B)

4,817,937

g

GoodLeap

Sustainable

Home

Solutions

Trust

2

.700

01/20/49

3,691,580‌

Series

-

2022

1GS

(Class

A)

3,173,052

g

GoodLeap

Sustainable

Home

Solutions

Trust

2

.940

01/20/49

2,323,049‌

Series

-

2022

1GS

(Class

B)

15,125,719

g

GoodLeap

Sustainable

Home

Solutions

Trust

4

.950

07/20/49

13,998,908‌

Series

-

2022

3CS

(Class

A)

3,250,000

g

Grace

Trust

2

.347

12/10/40

2,499,217‌

Series

-

2020

GRCE

(Class

A)

7,789,000

g

GSCG

Trust

2

.936

09/06/34

7,071,839‌

Series

-

2019

600C

(Class

A)

635,844

g

HERO

Funding

Trust

3

.840

09/21/40

599,085‌

Series

-

2015

1A

(Class

A)

153,164

g

HERO

Funding

Trust

3

.990

09/21/40

143,033‌

Series

-

2014

2A

(Class

A)

743,146

g

HERO

Funding

Trust

3

.750

09/20/41

725,763‌

Series

-

2016

2A

(Class

A)

601,071

g

HERO

Funding

Trust

4

.050

09/20/41

571,105‌

Series

-

2016

1A

(Class

A)

1,496,292

g

HERO

Funding

Trust

3

.080

09/20/42

1,398,822‌

Series

-

2016

3A

(Class

A1)

1,349,969

g

HERO

Funding

Trust

3

.910

09/20/42

1,271,033‌

Series

-

2016

3A

(Class

A2)

1,382,856

g

HERO

Funding

Trust

3

.570

09/20/47

1,308,260‌

Series

-

2016

4A

(Class

A1)

1,381,194

g

HERO

Funding

Trust

3

.710

09/20/47

1,302,407‌

Series

-

2017

1A

(Class

A1)

204,867

g

HERO

Funding

Trust

4

.290

09/20/47

195,375‌

Series

-

2016

4A

(Class

A2)

2,324,147

g

HERO

Funding

Trust

3

.190

09/20/48

2,118,064‌

Series

-

2017

3A

(Class

A1)

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

210

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

2,174,848

g

HERO

Funding

Trust

3

.950

%

09/20/48

$

2,008,531‌

Series

-

2017

3A

(Class

A2)

879,791

g

HERO

Funding

Trust

4

.070

09/20/48

819,097‌

Series

-

2017

2A

(Class

A2)

3,154,131

g

HERO

Funding

Trust

4

.670

09/20/48

2,993,911‌

Series

-

2018

1A

(Class

A2)

2,348,652

g

HERO

Funding

Trust

2

.720

09/20/57

2,056,219‌

Series

-

2020

1A

(Class

A)

23,985

i

Home

Equity

Asset

Trust

LIBOR

1

M

+

1.500%

3

.986

06/25/33

23,432‌

Series

-

2003

1

(Class

M1)

499,977

g,i

Invitation

Homes

Trust

LIBOR

1

M

+

1.250%

5

.589

01/17/38

491,552‌

Series

-

2018

SFR4

(Class

B)

3,794,931

g

Loanpal

Solar

Loan

Ltd

2

.750

07/20/47

3,144,746‌

Series

-

2020

2GF

(Class

A)

1,959,958

g

Loanpal

Solar

Loan

Ltd

2

.290

01/20/48

1,490,582‌

Series

-

2021

1GS

(Class

A)

2,655,685

g

Loanpal

Solar

Loan

Ltd

2

.840

01/20/48

1,970,966‌

Series

-

2021

1GS

(Class

B)

5,839,942

g

Loanpal

Solar

Loan

Ltd

2

.220

03/20/48

4,270,601‌

Series

-

2021

2GS

(Class

A)

2,561,520

†,g

Mosaic

Solar

Loan

Trust

0

.000

04/20/46

1,851,979‌

Series

-

2020

1A

(Class

R)

1,562,616

g

Mosaic

Solar

Loan

Trust

2

.100

04/20/46

1,356,448‌

Series

-

2020

1A

(Class

A)

1,985,291

g

Mosaic

Solar

Loan

Trust

3

.100

04/20/46

1,745,571‌

Series

-

2020

1A

(Class

B)

5,682,678

g

Mosaic

Solar

Loan

Trust

1

.920

06/20/52

4,291,275‌

Series

-

2021

3A

(Class

B)

4,511,000

g

Mosaic

Solar

Loan

Trust

6

.160

06/20/53

4,498,461‌

Series

-

2022

3A

(Class

A)

2,037,142

g

Mosaic

Solar

Loans

LLC

3

.820

06/22/43

1,887,063‌

Series

-

2017

2A

(Class

A)

3,568,622

g

Mosaic

Solar

Loans

LLC

1

.640

04/22/47

2,942,512‌

Series

-

2021

2A

(Class

A)

290,000

g,i

MSCG

Trust

3

.462

06/07/35

234,693‌

Series

-

2015

ALDR

(Class

D)

223,223

g

MVW

Owner

Trust

2

.420

12/20/34

218,139‌

Series

-

2017

1A

(Class

A)

700,000

g

Progress

Residential

Trust

2

.711

11/17/40

543,361‌

Series

-

2021

SFR9

(Class

D)

4,000,000

PSNH

Funding

LLC

3

.506

08/01/28

3,842,193‌

Series

-

2018

1

(Class

A2)

734,339

g

Renew

3

.670

09/20/52

663,974‌

Series

-

2017

1A

(Class

A)

1,985,561

g

Renew

3

.950

09/20/53

1,823,939‌

Series

-

2018

1

(Class

A)

4,083,104

g

Renew

2

.060

11/20/56

3,476,214‌

Series

-

2021

1

(Class

A)

10,085,761

SCE

Recovery

Funding

LLC

0

.861

11/15/31

8,379,288‌

53,541

†,g

SolarCity

LMC

4

.800

11/20/38

50,628‌

Series

-

2013

1

(Class

A)

6,806,332

g

Sunnova

Helios

VII

Issuer

LLC

2

.030

10/20/48

5,551,420‌

Series

-

2021

C

(Class

A)

3,845,361

g

Sunnova

Helios

VIII

Issuer

LLC

2

.790

02/22/49

3,293,372‌

Series

-

2022

A

(Class

A)

5,214,041

g

Sunrun

Athena

Issuer

LLC

5

.310

04/30/49

4,774,711‌

Series

-

2018

1

(Class

A)

6,609,568

g

Sunrun

Atlas

Issuer

LLC

3

.610

02/01/55

5,815,112‌

Series

-

2019

2

(Class

A)

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

211

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

13,822,545

g

Sunrun

Callisto

Issuer

LLC

3

.980

%

06/30/54

$

12,226,316‌

Series

-

2019

1A

(Class

A)

5,785,024

g

Sunrun

Callisto

Issuer

LLC

2

.270

01/30/57

4,511,979‌

Series

-

2021

2A

(Class

A)

6,847,814

g

Sunrun

Jupiter

Issuer

LLC

4

.750

07/30/57

6,263,753‌

Series

-

2022

1A

(Class

A)

9,361,404

g

Sunrun

Vulcan

Issuer

LLC

2

.460

01/30/52

7,523,715‌

Series

-

2021

1A

(Class

A)

1,000,000

g

Tesla

Auto

Lease

Trust

2

.330

02/20/24

989,326‌

Series

-

2020

A

(Class

D)

6,650,000

g

Tesla

Auto

Lease

Trust

0

.660

03/20/25

6,379,034‌

Series

-

2021

A

(Class

A4)

10,250,000

g

Tesla

Auto

Lease

Trust

1

.340

03/20/25

9,706,304‌

Series

-

2021

A

(Class

D)

4,500,000

g

Tesla

Auto

Lease

Trust

0

.600

09/22/25

4,239,974‌

Series

-

2021

B

(Class

A3)

7,000,000

g

Tesla

Auto

Lease

Trust

1

.320

09/22/25

6,447,561‌

Series

-

2021

B

(Class

D)

9,500,000

Toyota

Auto

Receivables

Owner

Trust

0

.260

11/17/25

9,134,465‌

Series

-

2021

B

(Class

A3)

9,900,000

Toyota

Auto

Receivables

Owner

Trust

0

.530

10/15/26

9,037,167‌

Series

-

2021

B

(Class

A4)

325,000

g

Tricon

American

Homes

Trust

2

.049

07/17/38

285,329‌

Series

-

2020

SFR1

(Class

B)

5,262,077

g

Vivint

Colar

Financing

V

LLC

4

.730

04/30/48

4,659,564‌

Series

-

2018

1A

(Class

A)

9,027,197

g

Vivint

Colar

Financing

V

LLC

7

.370

04/30/48

8,280,893‌

Series

-

2018

1A

(Class

B)

4,594,259

g

Vivint

Solar

Financing

VII

LLC

2

.210

07/31/51

3,516,203‌

Series

-

2020

1A

(Class

A)

TOTAL

ASSET

BACKED

269,544,794‌

OTHER

MORTGAGE

BACKED

-

8

.8

%

2,165,000

g,i

20

Times

Square

Trust

3

.100

05/15/35

2,091,683‌

Series

-

2018

20TS

(Class

B)

12,274

g,i

Agate

Bay

Mortgage

Trust

3

.500

09/25/45

10,941‌

Series

-

2015

6

(Class

A9)

4,075,000

g,i

Alen

Mortgage

Trust

LIBOR

1

M

+

2.250%

6

.568

04/15/34

3,490,676‌

Series

-

2021

ACEN

(Class

C)

1,900,000

g,i

Angel

Oak

Mortgage

Trust

2

.837

11/25/66

1,240,110‌

Series

-

2021

8

(Class

A3)

900,000

g,i

BAMLL

Commercial

Mortgage

Securities

Trust

3

.596

04/14/33

797,908‌

Series

-

2015

200P

(Class

D)

518,155

Banc

of

America

Commercial

Mortgage

Trust

3

.019

07/15/49

496,844‌

Series

-

2016

UB10

(Class

ASB)

5,000,000

g

BANK

2

.500

10/17/52

3,197,621‌

Series

-

2019

BN21

(Class

D)

6,500,000

i

BANK

3

.517

10/17/52

4,812,374‌

Series

-

2019

BN21

(Class

C)

2,000,000

BANK

3

.203

12/15/52

1,689,749‌

Series

-

2019

BN23

(Class

AS)

2,500,000

i

BANK

2

.918

12/15/53

1,653,677‌

Series

-

2020

BN30

(Class

MCDE)

8,000,000

i

BANK

3

.461

11/15/62

6,157,130‌

Series

-

2019

BN22

(Class

C)

5,750,000

g

BBCMS

Trust

3

.593

09/15/32

5,583,364‌

Series

-

2015

MSQ

(Class

A)

200,000

g

BBCMS

Trust

4

.197

08/10/35

186,363‌

Series

-

2015

SRCH

(Class

A2)

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

212

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

1,250,000

g

BBCMS

Trust

4

.798

%

08/10/35

$

1,148,313‌

Series

-

2015

SRCH

(Class

C)

3,000,000

g,i

BBCMS

Trust

3

.688

02/15/53

2,299,642‌

Series

-

2020

C6

(Class

F5TA)

1,000,000

Benchmark

Mortgage

Trust

3

.419

08/15/52

873,626‌

Series

-

2019

B12

(Class

AS)

5,500,000

g,i

Benchmark

Mortgage

Trust

3

.899

03/15/62

4,054,828‌

Series

-

2019

B10

(Class

3CCA)

5,200,000

g

BMO

360A

3

.776

02/17/55

4,083,100‌

Series

-

2022

C1

(Class

360A)

3,500,000

g,i

BMO

360C

3

.939

02/17/55

2,323,616‌

Series

-

2022

C1

(Class

360C)

825,000

g

BWAY

Mortgage

Trust

2

.917

01/10/35

729,800‌

Series

-

2015

1740

(Class

A)

2,069,813

g,i

BX

Commercial

Mortgage

Trust

LIBOR

1

M

+

1.034%

5

.370

10/15/36

2,045,702‌

Series

-

2019

XL

(Class

A)

4,250,000

g,i

BX

Commercial

Mortgage

Trust

LIBOR

1

M

+

1.364%

5

.700

10/15/36

4,147,621‌

Series

-

2019

XL

(Class

C)

10,402,377

g,i

BX

Commercial

Mortgage

Trust

LIBOR

1

M

+

1.197%

5

.515

10/15/38

9,889,720‌

Series

-

2021

XL2

(Class

C)

12,000,000

g,i

BX

Commercial

Mortgage

Trust

6

.176

01/17/39

11,395,214‌

Series

-

2022

AHP

(Class

B)

4,250,000

g,i

BX

TRUST

5

.826

01/17/39

4,062,313‌

Series

-

2022

AHP

(Class

AS)

2,901,500

g,i

CCRC

Affordable

Multifamily

Housing

Mortgage

Trust

5

.696

06/25/34

2,696,289‌

Series

-

2017

Q005

(Class

B)

2,000,000

i

CD

Mortgage

Trust

3

.879

11/10/49

1,699,258‌

Series

-

2016

CD2

(Class

B)

1,000,000

g,i

Century

Plaza

Towers

2

.997

11/13/39

753,663‌

Series

-

2019

CPT

(Class

B)

5,000,000

i

Citigroup

Commercial

Mortgage

Trust

3

.758

04/10/48

4,597,176‌

Series

-

2015

GC29

(Class

B)

4,000,000

Citigroup

Commercial

Mortgage

Trust

3

.300

11/10/52

3,363,142‌

Series

-

2019

GC43

(Class

AS)

5,000,000

Citigroup

Commercial

Mortgage

Trust

3

.018

08/10/56

4,187,159‌

Series

-

2019

GC41

(Class

AS)

5,341,000

g,i

Cityline

Commercial

Mortgage

Trust

2

.778

11/10/31

5,145,085‌

Series

-

2016

CLNE

(Class

A)

3,315,000

g

COMM

Mortgage

Trust

4

.353

08/10/30

3,207,598‌

Series

-

2013

300P

(Class

A1)

4,375,000

g

COMM

Mortgage

Trust

3

.376

01/10/39

3,662,382‌

Series

-

2022

HC

(Class

C)

2,000,000

COMM

Mortgage

Trust

4

.701

03/10/47

1,930,872‌

Series

-

2014

UBS2

(Class

B)

2,000,000

i

COMM

Mortgage

Trust

4

.697

08/10/47

1,908,549‌

Series

-

2014

CR19

(Class

B)

2,158,000

g,i

COMM

Mortgage

Trust

4

.697

08/10/47

1,941,901‌

Series

-

2014

CR19

(Class

D)

291,454

COMM

Mortgage

Trust

3

.040

02/10/48

284,693‌

Series

-

2015

LC19

(Class

ASB)

3,500,000

g,i

COMM

Mortgage

Trust

4

.070

03/10/48

3,018,066‌

Series

-

2015

CR22

(Class

D)

2,000,000

i

COMM

Mortgage

Trust

4

.301

05/10/48

1,685,224‌

Series

-

2015

CR23

(Class

D)

360,000

i

COMM

Mortgage

Trust

3

.463

08/10/48

294,005‌

Series

-

2015

CR24

(Class

D)

2,250,000

COMM

Mortgage

Trust

3

.263

08/15/57

1,880,087‌

Series

-

2019

GC44

(Class

AM)

6,000,000

g,i

Commercial

Mortgage

Pass

Through

Certificates

3

.896

01/10/39

4,917,047‌

Series

-

2022

HC

(Class

D)

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

213

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

455,000

g,i

Connecticut

Avenue

Securities

Trust

5

.478

%

10/25/41

$

443,736‌

Series

-

2021

R01

(Class

1M2)

1,870,000

g,i

Connecticut

Avenue

Securities

Trust

7

.228

11/25/41

1,731,411‌

Series

-

2021

R02

(Class

2B1)

12,617,884

g,i

Connecticut

Avenue

Securities

Trust

7

.428

03/25/42

12,793,182‌

Series

-

2022

R03

(Class

1M2)

2,000,000

g,i

Connecticut

Avenue

Securities

Trust

6

.014

04/25/42

1,940,096‌

Series

-

2022

R05

(Class

2B1)

2,875,000

g,i

Connecticut

Avenue

Securities

Trust

6

.928

04/25/42

2,788,069‌

Series

-

2022

R05

(Class

2M2)

3,990,000

g,i

Connecticut

Avenue

Securities

Trust

SOFR

+

3.600%

7

.528

07/25/42

3,963,206‌

Series

-

2022

R08

(Class

1M2)

3,160,000

g,i

Connecticut

Avenue

Securities

Trust

8

.694

09/25/42

3,228,812‌

Series

-

2022

R09

(Class

2M2)

72,758

i

Countrywide

Home

Loan

Mortgage

Pass

Through

Trust

3

.866

11/20/34

67,255‌

Series

-

2004

HYB6

(Class

A2)

14,000,000

g

CPT

Mortgage

Trust

2

.865

11/13/39

11,201,956‌

Series

-

2019

CPT

(Class

A)

2,500,000

g,i

CPT

Mortgage

Trust

2

.997

11/13/39

1,820,771‌

Series

-

2019

CPT

(Class

C)

2,000,000

g,i

CPT

Mortgage

Trust

2

.997

11/13/39

1,338,542‌

Series

-

2019

CPT

(Class

E)

5,000,000

g,i

Credit

Suisse

Commercial

Mortgage

Trust

3

.728

11/10/32

4,468,361‌

Series

-

2017

CALI

(Class

B)

3,077,092

g,i

Credit

Suisse

Mortgage

Capital

Certificates

2

.405

10/25/66

2,514,522‌

Series

-

2021

NQM8

(Class

A3)

3,600,000

g,i

CSAIL

Commercial

Mortgage

Trust

3

.677

06/15/37

2,936,879‌

Series

-

2017

C8

(Class

85BB)

1,600,000

g,i

CSMC

Series

3

.388

10/25/59

1,316,551‌

Series

-

2019

NQM1

(Class

M1)

3,440,000

g,i

DBUBS

Mortgage

Trust

3

.530

10/10/34

3,079,012‌

Series

-

2017

BRBK

(Class

D)

102,725,000

g,i

DOLP

Trust

0

.665

05/10/41

4,126,078‌

Series

-

2021

NYC

(Class

X)

12,500,000

g,i

ELP

Commercial

Mortgage

Trust

LIBOR

1

M

+

1.320%

5

.638

11/15/38

11,900,764‌

Series

-

2021

ELP

(Class

C)

7,500,000

g,i

ELP

Commercial

Mortgage

Trust

LIBOR

1

M

+

2.118%

6

.436

11/15/38

6,920,572‌

Series

-

2021

ELP

(Class

E)

2,482,038

Federal

Home

Loan

Mortgage

Corp

(FHLMC)

4

.500

10/25/52

2,237,536‌

Series

-

2022

5262

(Class

EZ)

2,988,460

FHLMC

5

.500

11/25/52

3,031,258‌

Series

-

2022

5270

(Class

CZ)

264,079

g,i

Flagstar

Mortgage

Trust

4

.035

10/25/47

228,251‌

Series

-

2017

2

(Class

B3)

14,085

g,i

Flagstar

Mortgage

Trust

4

.000

09/25/48

13,342‌

Series

-

2018

5

(Class

A11)

1,249,253

g,i

Flagstar

Mortgage

Trust

2

.500

04/25/51

960,574‌

Series

-

2021

2

(Class

A4)

3,904,389

g,i

Flagstar

Mortgage

Trust

2

.500

06/01/51

3,002,158‌

Series

-

2021

4

(Class

A21)

7,700,000

Freddie

Mac

Multiclass

Certificates

Series

1

.878

01/25/31

6,382,802‌

Series

-

2021

P009

(Class

A2)

2,401,004

Freddie

Mac

Multiclass

Certificates

Series

1

.204

09/25/31

2,070,164‌

Series

-

2021

P011

(Class

A1)

7,324,000

i

Freddie

Mac

Multiclass

Certificates

Series

2

.760

02/25/32

6,365,577‌

Series

-

2022

P013

(Class

A2)

6,707,704

Freddie

Mac

Multifamily

ML

Certificates

1

.877

07/25/37

5,056,422‌

Series

-

2021

ML08

(Class

ML08)

39,758,059

i

Freddie

Mac

Multifamily

ML

Certificates

1

.769

11/25/37

5,088,634‌

Series

-

2021

ML08

(Class

XCA)

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

214

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

3,174,428

Freddie

Mac

Multifamily

ML

Certificates

1

.896

%

11/25/37

$

2,411,449‌

Series

-

2021

ML08

(Class

ML08)

10,000,000

i

Freddie

Mac

Multifamily

ML

Certificates

3

.650

11/25/38

9,004,243‌

Series

-

2022

ML14

(Class

A)

9,908,699

Freddie

Mac

Multifamily

ML

Certificates

2

.340

07/25/41

7,597,152‌

Series

-

2021

ML12

(Class

AUS)

3,964,686

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

1

.555

01/25/36

3,188,887‌

Series

-

2020

Q014

(Class

A1)

9,915,150

Freddie

Mac

Multifamily

Variable

Rate

Certificate

3

.150

10/15/36

8,506,943‌

Series

-

2022

M068

(Class

A)

1,745,000

Freddie

Mac

Multifamily

Variable

Rate

Certificate

4

.013

04/15/37

1,643,741‌

Series

-

2022

M069

(Class

A)

6,068,632

Freddie

Mac

Multifamily

Variable

Rate

Certificate

1

.761

09/15/38

4,824,404‌

Series

-

2020

M061

(Class

A)

2,590,000

g,i

Freddie

Mac

STACR

REMIC

Trust

6

.428

01/25/42

2,347,063‌

Series

-

2022

DNA1

(Class

M2)

6,985,000

g,i

Freddie

Mac

STACR

REMIC

Trust

6

.828

04/25/42

6,912,050‌

Series

-

2022

DNA3

(Class

M1B)

2,500,000

g,i

GCT

Commercial

Mortgage

Trust

LIBOR

1

M

+

1.250%

5

.568

02/15/38

2,253,061‌

Series

-

2021

GCT

(Class

B)

2,188,000

g,i

GS

Mortgage

Securities

Corp

II

4

.904

03/10/33

1,955,917‌

Series

-

2018

GS10

(Class

WLSB)

1,500,000

g,i

GS

Mortgage

Securities

Trust

LIBOR

1

M

+

1.090%

5

.410

10/15/31

1,423,899‌

Series

-

2018

HART

(Class

A)

93,000

i

GS

Mortgage

Securities

Trust

3

.954

11/10/49

78,614‌

Series

-

2016

GS4

(Class

C)

31,348

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

4

.000

11/25/49

29,661‌

Series

-

2019

PJ2

(Class

A1)

82,019

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

4

.000

11/25/49

77,607‌

Series

-

2019

PJ2

(Class

A4)

1,075,676

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.500

07/25/50

909,411‌

Series

-

2020

PJ2

(Class

A4)

445,499

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.000

01/25/51

365,970‌

Series

-

2020

PJ4

(Class

A4)

344,774

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.000

03/27/51

284,261‌

Series

-

2020

PJ5

(Class

A4)

950,654

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

2

.500

05/25/51

742,005‌

Series

-

2020

PJ6

(Class

A4)

2,458,464

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

2

.500

10/25/51

1,890,359‌

Series

-

2021

PJ5

(Class

A4)

4,985,017

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.000

06/25/52

3,985,924‌

Series

-

2022

PJ2

(Class

A36)

2,093,480

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.000

09/25/52

1,673,906‌

Series

-

2022

PJ4

(Class

A36)

486,268

g,i

GS

Mortgage-Backed

Securities

Trust

3

.625

05/25/50

401,783‌

Series

-

2020

PJ1

(Class

B2)

1,046,452

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

07/25/51

816,246‌

Series

-

2021

PJ2

(Class

A4)

7,436,459

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

11/25/51

5,718,032‌

Series

-

2021

PJ6

(Class

A4)

4,409,159

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

01/25/52

3,390,285‌

Series

-

2021

PJ8

(Class

A4)

9,404,175

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

01/25/52

7,231,045‌

Series

-

2021

PJ7

(Class

A4)

4,536,816

g,i

GS

Mortgage-Backed

Securities

Trust

3

.000

10/25/52

3,627,551‌

Series

-

2022

PJ5

(Class

A36)

229,128

i

HarborView

Mortgage

Loan

Trust

LIBOR

1

M

+

0.620%

4

.959

08/19/45

206,360‌

Series

-

2005

11

(Class

2A1A)

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

215

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

3,500,000

g

Hudson

Yards

Mortgage

Trust

2

.835

%

08/10/38

$

3,109,453‌

Series

-

2016

10HY

(Class

A)

2,500,000

g,i

Hudson

Yards

Mortgage

Trust

2

.977

08/10/38

2,180,335‌

Series

-

2016

10HY

(Class

B)

5,750,000

g,i

Hudson

Yards

Mortgage

Trust

2

.977

08/10/38

4,879,832‌

Series

-

2016

10HY

(Class

C)

2,500,000

g,i

Hudson

Yards

Mortgage

Trust

2

.977

08/10/38

2,078,062‌

Series

-

2016

10HY

(Class

E)

11,650,000

g,i

Hudson

Yards

Mortgage

Trust

3

.443

07/10/39

8,842,540‌

Series

-

2019

30HY

(Class

D)

5,000,000

g,i

Hudson

Yards

Mortgage

Trust

2

.943

12/10/41

3,535,616‌

Series

-

2019

55HY

(Class

E)

5,545,000

g,i

Hudson

Yards

Mortgage

Trust

2

.943

12/10/41

4,659,251‌

Series

-

2019

55HY

(Class

A)

1,500,000

g,i

Hudson

Yards

Mortgage

Trust

2

.943

12/10/41

1,085,309‌

Series

-

2019

55HY

(Class

D)

11,267

i

Impac

CMB

Trust

LIBOR

1

M

+

0.660%

5

.049

03/25/35

10,519‌

Series

-

2004

11

(Class

2A1)

440,000

g,i

Imperial

Fund

Mortgage

Trust

3

.531

10/25/55

357,385‌

Series

-

2020

NQM1

(Class

M1)

4,000,000

g,i

J.P.

Morgan

Chase

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

1.370%

5

.688

10/15/33

3,795,712‌

Series

-

2020

609M

(Class

A)

1,600,000

g,i

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

4

.122

01/15/46

1,536,495‌

Series

-

2013

C13

(Class

D)

1,648,620

g,i

JP

Morgan

Mortgage

Trust

LIBOR

1

M

-

0.000%

4

.694

12/25/44

1,552,694‌

Series

-

2015

1

(Class

B1)

12,738

g,i

JP

Morgan

Mortgage

Trust

3

.500

05/25/45

11,465‌

Series

-

2015

3

(Class

A19)

223,945

g,i

JP

Morgan

Mortgage

Trust

3

.500

10/25/45

195,785‌

Series

-

2015

6

(Class

A13)

155,042

g,i

JP

Morgan

Mortgage

Trust

3

.500

05/25/46

138,261‌

Series

-

2016

1

(Class

A13)

61,572

g,i

JP

Morgan

Mortgage

Trust

3

.500

05/25/47

53,912‌

Series

-

2017

2

(Class

A13)

429,498

g,i

JP

Morgan

Mortgage

Trust

3

.500

09/25/48

355,986‌

Series

-

2018

3

(Class

A13)

230,726

g,i

JP

Morgan

Mortgage

Trust

3

.500

10/25/48

188,786‌

Series

-

2018

4

(Class

A13)

1,190,530

g,i

JP

Morgan

Mortgage

Trust

3

.500

10/25/48

1,003,837‌

Series

-

2018

5

(Class

A13)

779,194

g,i

JP

Morgan

Mortgage

Trust

3

.211

10/26/48

733,294‌

Series

-

2017

5

(Class

A2)

46,506

g,i

JP

Morgan

Mortgage

Trust

4

.000

01/25/49

42,908‌

Series

-

2018

8

(Class

A13)

83,421

g,i

JP

Morgan

Mortgage

Trust

4

.000

02/25/49

76,719‌

Series

-

2018

9

(Class

A13)

68,483

g,i

JP

Morgan

Mortgage

Trust

4

.000

05/25/49

64,274‌

Series

-

2019

1

(Class

A3)

110,136

g,i

JP

Morgan

Mortgage

Trust

4

.000

05/25/49

103,368‌

Series

-

2019

1

(Class

A15)

402,150

g,i

JP

Morgan

Mortgage

Trust

LIBOR

1

M

+

0.950%

4

.994

10/25/49

395,714‌

Series

-

2019

INV1

(Class

A11)

854,888

g,i

JP

Morgan

Mortgage

Trust

3

.841

06/25/50

692,018‌

Series

-

2020

1

(Class

B2)

3,946,077

g,i

JP

Morgan

Mortgage

Trust

2

.500

10/25/51

3,034,212‌

Series

-

2021

6

(Class

A15)

2,068,274

g,i

JP

Morgan

Mortgage

Trust

2

.500

11/25/51

1,590,335‌

Series

-

2021

7

(Class

A15)

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

216

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

2,614,104

g,i

JP

Morgan

Mortgage

Trust

2

.500

%

12/25/51

$

2,010,033‌

Series

-

2021

8

(Class

A15)

1,065,981

g,i

JP

Morgan

Mortgage

Trust

2

.500

12/25/51

819,653‌

Series

-

2021

10

(Class

A15)

3,638,711

g,i

JP

Morgan

Mortgage

Trust

2

.500

01/25/52

2,797,873‌

Series

-

2021

11

(Class

A15)

1,017,053

g,i

JP

Morgan

Mortgage

Trust

2

.500

02/25/52

782,031‌

Series

-

2021

12

(Class

A15)

1,721,731

g,i

JP

Morgan

Mortgage

Trust

2

.500

05/25/52

1,323,871‌

Series

-

2021

14

(Class

A15)

5,395,069

g,i

JP

Morgan

Mortgage

Trust

2

.500

06/25/52

4,148,369‌

Series

-

2021

15

(Class

A15)

2,025,346

g,i

JP

Morgan

Mortgage

Trust

3

.000

08/25/52

1,619,428‌

Series

-

2022

2

(Class

A25)

5,779,669

g,i

JP

Morgan

Mortgage

Trust

3

.500

09/25/52

5,072,890‌

Series

-

2022

LTV2

(Class

A6)

2,400,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.482

09/15/47

2,145,454‌

Series

-

2014

C23

(Class

C)

690,332

g

Ladder

Capital

Commercial

Mortgage

Securities

3

.575

02/15/36

638,126‌

Series

-

2013

GCP

(Class

A1)

10,000,000

g

Liberty

Street

Trust

3

.597

02/10/36

9,124,094‌

Series

-

2016

225L

(Class

A)

4,000,000

g,i

MAD

Mortgage

Trust

3

.188

08/15/34

3,734,654‌

Series

-

2017

330M

(Class

A)

2,350,000

g,i

Manhattan

West

2

.335

09/10/39

1,874,207‌

Series

-

2020

1MW

(Class

D)

2,250,000

g,i

MFT

Trust

3

.283

08/10/40

1,590,972‌

Series

-

2020

B6

(Class

B)

248,379

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.069

02/15/48

242,105‌

Series

-

2015

C20

(Class

ASB)

3,300,000

g,i

Morgan

Stanley

Capital

I

Trust

2

.428

04/05/42

2,522,393‌

Series

-

2020

CNP

(Class

A)

106,067

†,i

Morgan

Stanley

Capital

I

Trust

6

.079

12/12/49

53,431‌

Series

-

2007

IQ16

(Class

AJFX)

1,172,955

g,i

Morgan

Stanley

Residential

Mortgage

Loan

Trust

2

.500

07/25/51

1,008,158‌

Series

-

2021

4

(Class

A4)

3,566,701

g,i

Morgan

Stanley

Residential

Mortgage

Loan

Trust

2

.500

08/25/51

2,742,503‌

Series

-

2021

5

(Class

A9)

3,561,881

g,i

Morgan

Stanley

Residential

Mortgage

Loan

Trust

2

.500

09/25/51

3,070,317‌

Series

-

2021

6

(Class

A4)

2,282,697

g,i

Morgan

Stanley

Residential

Mortgage

Loan

Trust

2

.500

09/25/51

1,755,208‌

Series

-

2021

6

(Class

A9)

1,500,000

g,i

MSDB

Trust

3

.316

07/11/39

1,314,123‌

Series

-

2017

712F

(Class

A)

3,450,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

3

.790

11/15/32

3,262,945‌

Series

-

2018

285M

(Class

A)

4,250,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

2.200%

6

.518

07/15/36

3,867,276‌

Series

-

2019

MILE

(Class

C)

4,000,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

4.250%

8

.568

07/15/36

3,569,116‌

Series

-

2019

MILE

(Class

F)

442,173

g,i

New

Residential

Mortgage

Loan

Trust

2

.797

09/25/59

395,560‌

Series

-

2019

NQM4

(Class

A3)

425,000

g,i

New

Residential

Mortgage

Loan

Trust

2

.986

09/25/59

331,453‌

Series

-

2019

NQM4

(Class

M1)

50,659

i

New

York

Mortgage

Trust

LIBOR

1

M

+

0.480%

4

.869

02/25/36

49,407‌

Series

-

2005

3

(Class

A1)

4,711,126

g,i

OBX

Trust

2

.500

07/25/51

3,622,472‌

Series

-

2021

J2

(Class

A19)

273,884

g,i

OBX

Trust

LIBOR

1

M

+

0.650%

5

.039

06/25/57

258,823‌

Series

-

2018

1

(Class

A2)

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

217

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

1,356,601

g,i

Oceanview

Mortgage

Trust

2

.500

%

05/25/51

$

1,043,116‌

Series

-

2021

1

(Class

A19)

14,500,000

g

One

Bryant

Park

Trust

2

.516

09/15/54

11,903,682‌

Series

-

2019

OBP

(Class

A)

2,750,000

g

One

Market

Plaza

Trust

3

.614

02/10/32

2,647,265‌

Series

-

2017

1MKT

(Class

A)

1,000,000

g

One

Market

Plaza

Trust

3

.845

02/10/32

951,307‌

Series

-

2017

1MKT

(Class

B)

4,000,000

g

One

Market

Plaza

Trust

4

.016

02/10/32

3,769,860‌

Series

-

2017

1MKT

(Class

C)

4,083,200

g,i

RCKT

Mortgage

Trust

2

.500

09/25/51

3,139,649‌

Series

-

2021

4

(Class

A21)

6,490,538

g,i

RCKT

Mortgage

Trust

2

.500

02/25/52

4,958,368‌

Series

-

2022

2

(Class

A22)

4,621,953

g,i

RCKT

Mortgage

Trust

3

.500

06/25/52

3,838,059‌

Series

-

2022

4

(Class

A22)

183,789

g,i

Sequoia

Mortgage

Trust

3

.500

05/25/45

161,142‌

Series

-

2015

2

(Class

A1)

52,701

g,i

Sequoia

Mortgage

Trust

3

.500

06/25/46

46,911‌

Series

-

2016

1

(Class

A19)

141,839

g,i

Sequoia

Mortgage

Trust

3

.500

04/25/47

119,108‌

Series

-

2017

3

(Class

A19)

19,893

g,i

Sequoia

Mortgage

Trust

3

.500

09/25/47

16,925‌

Series

-

2017

6

(Class

A19)

215,508

g,i

Sequoia

Mortgage

Trust

3

.718

09/25/47

185,778‌

Series

-

2017

6

(Class

B1)

29,942

g,i

Sequoia

Mortgage

Trust

3

.500

02/25/48

25,372‌

Series

-

2018

2

(Class

A19)

13,303

g,i

Sequoia

Mortgage

Trust

3

.500

03/25/48

11,440‌

Series

-

2018

3

(Class

A1)

21,717

g,i

Sequoia

Mortgage

Trust

4

.000

09/25/48

20,146‌

Series

-

2018

7

(Class

A19)

37,578

g,i

Sequoia

Mortgage

Trust

4

.000

06/25/49

34,728‌

Series

-

2019

2

(Class

A19)

177,036

g,i

Sequoia

Mortgage

Trust

3

.500

12/25/49

148,008‌

Series

-

2019

5

(Class

A19)

1,558,218

g,i

Sequoia

Mortgage

Trust

3

.000

04/25/50

1,259,503‌

Series

-

2020

3

(Class

A19)

2,543,792

g,i

Sequoia

Mortgage

Trust

2

.500

06/25/51

1,955,969‌

Series

-

2021

4

(Class

A19)

367,871

g,i

Shellpoint

Co-Originator

Trust

3

.500

10/25/47

327,929‌

Series

-

2017

2

(Class

A1)

12,900,000

g

SLG

Office

Trust

2

.585

07/15/41

10,322,895‌

Series

-

2021

OVA

(Class

A)

805,000

g,i

Structured

Agency

Credit

Risk

Debt

Note

(STACR)

6

.028

10/25/33

790,002‌

Series

-

2021

DNA3

(Class

M2)

66,739

g,i

STACR

3

.780

02/25/48

62,553‌

Series

-

2018

SPI1

(Class

M2)

1,125,000

g,i

STWD

Mortgage

Trust

LIBOR

1

M

+

1.257%

5

.575

11/15/36

1,079,309‌

Series

-

2021

LIH

(Class

AS)

2,000,000

g,i

STWD

Mortgage

Trust

LIBOR

1

M

+

1.656%

5

.974

11/15/36

1,906,454‌

Series

-

2021

LIH

(Class

B)

2,050,000

g,i

STWD

Mortgage

Trust

LIBOR

1

M

+

1.955%

6

.273

11/15/36

1,935,647‌

Series

-

2021

LIH

(Class

C)

4,000,000

g

SUMIT

Mortgage

Trust

2

.789

02/12/41

3,300,223‌

Series

-

2022

BVUE

(Class

A)

925,000

g,i

Verus

Securitization

Trust

3

.207

11/25/59

784,999‌

Series

-

2019

4

(Class

M1)

481,333

g

Verus

Securitization

Trust

1

.733

05/25/65

431,650‌

Series

-

2020

5

(Class

A3)

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

218

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

3,296,998

g,i

Verus

Securitization

Trust

2

.240

%

10/25/66

$

2,687,302‌

Series

-

2021

7

(Class

A3)

2,711,000

g

VNDO

Trust

3

.805

01/10/35

2,461,904‌

Series

-

2016

350P

(Class

A)

3,000,000

g,i

VNDO

Trust

3

.903

01/10/35

2,641,935‌

Series

-

2016

350P

(Class

B)

525,868

Wells

Fargo

Commercial

Mortgage

Trust

2

.514

08/15/49

501,576‌

Series

-

2016

BNK1

(Class

ASB)

467,762

Wells

Fargo

Commercial

Mortgage

Trust

3

.185

03/15/59

451,008‌

Series

-

2016

C33

(Class

ASB)

28,066

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

4

.000

04/25/49

26,892‌

Series

-

2019

2

(Class

A17)

314,041

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

3

.000

07/25/50

259,703‌

Series

-

2020

4

(Class

A17)

5,843,959

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

2

.500

06/25/51

4,493,529‌

Series

-

2021

2

(Class

A17)

1,504,408

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

2

.500

12/25/51

1,156,767‌

Series

-

2022

2

(Class

A18)

490,218

WFRBS

Commercial

Mortgage

Trust

3

.311

03/15/45

488,983‌

Series

-

2013

C11

(Class

AS)

650,000

i

WFRBS

Commercial

Mortgage

Trust

4

.838

12/15/46

606,509‌

Series

-

2013

C18

(Class

C)

122,908

g,i

WinWater

Mortgage

Loan

Trust

3

.909

06/20/44

94,908‌

Series

-

2014

1

(Class

B4)

3,051,452

g,i

Woodward

Capital

Management

3

.000

05/25/52

2,439,883‌

Series

-

2022

3

(Class

A21)

TOTAL

OTHER

MORTGAGE

BACKED

509,688,371‌

TOTAL

STRUCTURED

ASSETS

779,233,165‌

(Cost

$910,141,505)

TOTAL

BONDS

5,647,595,510‌

(Cost

$6,364,121,877)

SHARES

COMPANY

REFERENCERATE

&

SPREAD

PREFERRED

STOCKS

-

0.7%

BANKS

-

0

.0

%

230,891

First

Republic

Bank

3,793,539‌

TOTAL

BANKS

3,793,539‌

DIVERSIFIED

FINANCIALS

-

0

.2

%

400,000

e

Morgan

Stanley

10,100,000‌

TOTAL

DIVERSIFIED

FINANCIALS

10,100,000‌

REAL

ESTATE

-

0

.3

%

400,000

Brookfield

Property

Partners

LP

6,084,000‌

695,000

Brookfield

Property

Partners

LP

9,403,350‌

TOTAL

REAL

ESTATE

15,487,350‌

UTILITIES

-

0

.2

%

490,000

Brookfield

Infrastructure

Partners

LP

7,864,451‌

308,000

Brookfield

Renewable

Partners

LP

5,802,720‌

TOTAL

UTILITIES

13,667,171‌

TOTAL

PREFERRED

STOCKS

43,048,060‌

(Cost

$63,097,275)

Portfolio

of

investments

(unaudited)

Core

Impact

Bond

Fund

December

31,

2022

219

TIAA-CREF

Funds

December

31,

2022

concluded

Principal

denominated

in

U.S.

Dollars,

unless

otherwise

noted. 

PRINCIPAL

ISSUER

REFERENCERATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

SHORT-TERM

INVESTMENTS

-

3.5%

REPURCHASE

AGREEMENT

-

2

.2

%

$

127,385,000

r

Fixed

Income

Clearing

Corp

(FICC)

4

.080

%

01/03/23

$

127,385,000‌

TOTAL

REPURCHASE

AGREEMENT

127,385,000‌

GOVERNMENT

AGENCY

DEBT

-

0

.1

%

5,000,000

Tennessee

Valley

Authority

(TVA)

0

.000

01/11/23

4,995,250‌

TOTAL

GOVERNMENT

AGENCY

DEBT

4,995,250‌

SHARES

COMPANY

EXP

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

-

1

.2

%

72,170,162

c

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4

.340

72,170,162‌

TOTAL

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

72,170,162‌

TOTAL

SHORT-TERM

INVESTMENTS

204,550,412‌

(Cost

$204,549,613)

TOTAL

INVESTMENTS

-

102.6%

5,932,884,319‌

(Cost

$6,670,609,567)

OTHER

ASSETS

&

LIABILITIES,

NET

-

(2.6)%

(

150,669,517‌

)

NET

ASSETS

-

100.0%

$

5,782,214,802‌

CLP

Chilean

Peso

CCRC

Congregate

Care

Retirement

Center

EUR

Euro

LIBOR

London

Interbank

Offered

Rate

M

Month

REMIC

Real

Estate

Mortgage

Investment

Conduit

SOFR

Secure

Overnight

Financing

Rate

†

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

‡

Perpetual

security

c

Investments

made

with

cash

collateral

received

from

securities

on

loan.

e

All

or

a

portion

of

these

securities

are

out

on

loan.

The

aggregate

value

of

securities

on

loan

is

$69,908,729.

g

Security

is

exempt

from

registration

under

Rule

144(A)

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

h

All

or

a

portion

of

these

securities

were

purchased

on

a

delayed

delivery

basis.

i

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

j

All

or

a

portion

of

these

securities

have

been

segregated

to

cover

collateral

requirements

on

mortgage

dollar

rolls.

k

Principal

amount

for

interest

accrual

purposes

is

periodically

adjusted

based

on

changes

in

the

Consumer

Price

Index.

q

In

default

r

Agreement

with

Fixed

Income

Clearing

Corp

(FICC),

4.080%

dated

12/30/22

to

be

repurchased

at

$127,385,000

on

1/3/23,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

1.000%

and

maturity

date

7/31/28,

valued

at

$129,932,751.

Core

Plus

Bond

Fund

December

31,

2022

Portfolio

of

investments

(unaudited)

220

December

31,

2022

TIAA-CREF

Funds

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANK

LOAN

OBLIGATIONS

-

2.1%

AUTOMOBILES

&

COMPONENTS

-

0

.1

%

$

784,418

i

Clarios

Global

LP

LIBOR

12

M

+

3.250%

7

.634

%

04/30/26

$

771,345‌

967,519

i

Gates

Global

LLC

LIBOR

12

M

+

2.500%

6

.884

03/31/27

948,885‌

TOTAL

AUTOMOBILES

&

COMPONENTS

1,720,230‌

CAPITAL

GOODS

-

0

.1

%

353,225

i

Clydesdale

Acquisition

Holdings,

Inc

SOFR

12M

+

3.925%

8

.598

04/13/29

337,286‌

262,608

i

Penn

Engineering

&

Manufacturing

Corp

LIBOR

4

M

+

2.500%

7

.230

06/27/24

262,608‌

3,054

i

Proampac

PG

Borrower

LLC

LIBOR

4

M

+

3.750%

7

.959

11/03/25

2,932‌

365,909

i

SRAM

LLC

LIBOR

12

M

+

2.750%

7

.134

05/18/28

357,219‌

739,773

i

TransDigm,

Inc

LIBOR

4

M

+

2.250%

6

.980

12/09/25

732,190‌

TOTAL

CAPITAL

GOODS

1,692,235‌

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0

.2

%

488,331

i

Amentum

Government

Services

Holdings

LLC

LIBOR

1

M

+

4.000%

8

.384

01/31/27

478,767‌

548,625

i

Amentum

Government

Services

Holdings

LLC

SOFR

2M

+

4.000%

7

.558

02/15/29

535,938‌

774,160

i

Clean

Harbors,

Inc

LIBOR

12

M

+

1.750%

6

.134

06/28/24

772,890‌

498,608

i

GFL

Environmental,

Inc

LIBOR

4

M

+

3.000%

7

.415

05/30/25

499,404‌

1,492,126

i

Intrado

Corp

LIBOR

4

M

+

4.000%

8

.415

10/10/24

1,378,560‌

1,129,599

i

Prime

Security

Services

Borrower

LLC

LIBOR

4

M

+

2.750%

6

.505

09/23/26

1,121,127‌

447,056

i

Spin

Holdco,

Inc

LIBOR

4

M

+

4.000%

8

.765

03/04/28

379,327‌

3,689,161

i

Trans

Union

LLC

LIBOR

12

M

+

2.250%

6

.634

12/01/28

3,659,187‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

8,825,200‌

CONSUMER

DURABLES

&

APPAREL

-

0

.0

%

987,500

i

Conair

Holdings

LLC

LIBOR

4

M

+

3.750%

8

.480

05/17/28

835,672‌

711,875

i

Crocs,

Inc

SOFR

2M

+

3.500%

7

.481

02/20/29

699,417‌

TOTAL

CONSUMER

DURABLES

&

APPAREL

1,535,089‌

CONSUMER

SERVICES

-

0

.2

%

291,773

i

AlixPartners

LLP

LIBOR

12

M

+

2.750%

7

.134

02/04/28

289,819‌

200,900

i

Caesars

Resort

Collection

LLC

LIBOR

12

M

+

3.500%

7

.884

07/21/25

200,660‌

439,433

i

Carnival

Corp

LIBOR

12

M

+

3.250%

7

.634

10/18/28

412,628‌

270,000

i

Delta

2

Lux

Sarl

0

.000

01/15/30

270,203‌

210,000

i

Element

Materials

Technology

Group

US

Holdings,

Inc

SOFR

3M

+

4.250%

0

.000

04/12/29

205,713‌

455,000

i

Element

Materials

Technology

Group

US

Holdings,

Inc

SOFR

4M

+

4.250%

8

.930

06/22/29

445,711‌

970,099

i

Fertitta

Entertainment

LLC

SOFR

12M

+

4.000%

8

.323

01/27/29

924,266‌

480,057

i

IRB

Holding

Corp

SOFR

12M

+

3.000%

7

.317

12/15/27

466,615‌

732,711

i

KFC

Holding

Co

LIBOR

12

M

+

1.750%

6

.089

03/15/28

724,468‌

643,824

i

Life

Time,

Inc

LIBOR

4

M

+

4.750%

9

.485

12/16/24

641,512‌

308,948

i

Penn

National

Gaming,

Inc

SOFR

12M

+

2.750%

7

.173

05/03/29

306,394‌

1,477,556

i

Sophia

LP

LIBOR

4

M

+

3.500%

8

.230

10/07/27

1,429,543‌

TOTAL

CONSUMER

SERVICES

6,317,532‌

DIVERSIFIED

FINANCIALS

-

0

.0

%

363,020

i

Lions

Gate

Capital

Holdings

LLC

LIBOR

12

M

+

2.250%

6

.634

03/24/25

347,592‌

368,170

i

Reynolds

Group

Holdings,

Inc

LIBOR

12

M

+

3.250%

7

.634

02/05/26

364,602‌

TOTAL

DIVERSIFIED

FINANCIALS

712,194‌

ENERGY

-

0

.0

%

193,674

i

DT

Midstream,

Inc

LIBOR

12

M

+

2.000%

6

.438

06/26/28

194,219‌

TOTAL

ENERGY

194,219‌

FOOD,

BEVERAGE

&

TOBACCO

-

0

.0

%

585,001

i

Froneri

US,

Inc

LIBOR

12

M

+

2.250%

6

.634

01/29/27

570,458‌

1,065

i

Hearthside

Food

Solutions

LLC

LIBOR

12

M

+

3.688%

8

.071

05/23/25

952‌

359,411

i

Triton

Water

Holdings,

Inc

LIBOR

4

M

+

3.500%

8

.230

03/31/28

335,465‌

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

906,875‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

221

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

0

.1

%

$

154

i

Da

Vinci

Purchaser

Corp

LIBOR

12

M

+

4.000%

8

.384

%

01/08/27

$

140‌

603,816

i

Global

Medical

Response,

Inc

LIBOR

12

M

+

4.250%

8

.634

03/14/25

426,826‌

1,896,125

i

Onex

TSG

Intermediate

Corp

LIBOR

4

M

+

4.750%

9

.165

02/28/28

1,698,425‌

997,237

i

RegionalCare

Hospital

Partners

Holdings,

Inc

LIBOR

4

M

+

3.750%

8

.165

11/16/25

942,514‌

1,000,000

i

Select

Medical

Corp

LIBOR

12

M

+

2.500%

6

.890

03/06/25

982,875‌

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

4,050,780‌

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0

.0

%

697,208

i

Energizer

Holdings,

Inc

LIBOR

12

M

+

2.250%

6

.625

12/22/27

685,879‌

874,263

i

Weber-Stephen

Products

LLC

LIBOR

12

M

+

3.250%

7

.634

10/30/27

742,638‌

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

1,428,517‌

INSURANCE

-

0

.0

%

212,820

i

Acrisure

LLC

LIBOR

12

M

+

3.500%

7

.884

02/15/27

200,222‌

733,394

i

Asurion

LLC

LIBOR

12

M

+

3.250%

7

.634

12/23/26

655,625‌

425,000

i

Asurion

LLC

LIBOR

1

M

+

5.250%

9

.634

02/03/28

333,977‌

473,978

i

HUB

International

Ltd

LIBOR

4

M

+

3.250%

7

.528

04/25/25

470,369‌

TOTAL

INSURANCE

1,660,193‌

MATERIALS

-

0

.1

%

675,319

i

Asplundh

Tree

Expert

LLC

LIBOR

12

M

+

1.750%

6

.134

09/07/27

675,035‌

651,205

i

Berry

Global,

Inc

LIBOR

12

M

+

1.750%

6

.024

07/01/26

647,210‌

128,673

i

H.B.

Fuller

Co

LIBOR

12

M

+

2.000%

6

.353

10/20/24

128,767‌

761,438

i

Kloeckner

Pentaplast

of

America,

Inc

SOFR

2M

+

4.750%

8

.259

02/12/26

679,583‌

442,694

i

Messer

Industries

USA,

Inc

LIBOR

4

M

+

2.500%

7

.230

03/02/26

439,582‌

340,909

i

Quikrete

Holdings,

Inc

LIBOR

12

M

+

2.625%

7

.009

02/01/27

337,741‌

291,490

i

Tronox

Finance

LLC

LIBOR

12

M

+

2.250%

6

.634

03/10/28

282,895‌

1,442,207

i

Zekelman

Industries,

Inc

LIBOR

4

M

+

2.000%

6

.729

01/24/27

1,411,560‌

TOTAL

MATERIALS

4,602,373‌

MEDIA

&

ENTERTAINMENT

-

0

.2

%

484,530

i

Altice

Financing

S.A.

LIBOR

4

M

+

2.750%

6

.829

01/31/26

468,783‌

605,057

i

Arterra

Wines

Canada,

Inc

LIBOR

4

M

+

3.500%

8

.230

11/24/27

567,997‌

196,000

i

Cablevision

Lightpath

LLC

LIBOR

12

M

+

3.250%

7

.568

11/30/27

188,039‌

20,488

i

Cirque

Du

Soleil

Holding

USA

Newco,

Inc

LIBOR

3

M

+

1.000%

7

.000

11/24/27

20,093‌

264,330

i

City

Brewing

Co

LLC

LIBOR

12

M

+

3.500%

7

.792

04/05/28

118,618‌

714,125

i

CNT

Holdings

I

Corp

SOFR

4M

+

3.500%

7

.239

11/08/27

693,019‌

736,436

i

CSC

Holdings

LLC

LIBOR

12

M

+

2.250%

6

.568

07/17/25

698,509‌

141,729

i

Diamond

Sports

Group

LLC

SOFR

12M

+

8.000%

12

.317

05/25/26

134,672‌

970,113

†,i

Diamond

Sports

Group

LLC

SOFR

12M

+

3.250%

7

.567

08/24/26

116,414‌

710,000

i

DIRECTV

Financing

LLC

LIBOR

12

M

+

5.000%

9

.384

08/02/27

692,768‌

964,192

i

INEOS

US

Petrochem

LLC

LIBOR

12

M

+

2.750%

7

.134

01/29/26

949,730‌

794,000

i

Mozart

Borrower

LP

LIBOR

12

M

+

3.250%

7

.634

10/23/28

755,971‌

1,494,994

i

Phoenix

Newco,

Inc

LIBOR

12

M

+

3.250%

7

.634

11/15/28

1,443,088‌

451,063

i

Rackspace

Technology

Global,

Inc

LIBOR

4

M

+

2.750%

7

.380

02/15/28

284,194‌

1,010

i

Radiate

Holdco

LLC

LIBOR

12

M

+

3.250%

7

.634

09/25/26

825‌

1,226,673

i

Ryan

Specialty

Group

LLC

SOFR

12M

+

3.000%

7

.423

09/01/27

1,221,055‌

275,000

i

SkyMiles

IP

Ltd

LIBOR

4

M

+

3.750%

7

.993

10/20/27

280,827‌

2,264

i

TK

Elevator

US

Newco,

Inc

LIBOR

2

M

+

3.500%

6

.871

07/30/27

2,184‌

457,626

i

Univision

Communications,

Inc

LIBOR

12

M

+

3.250%

7

.634

03/15/26

451,334‌

TOTAL

MEDIA

&

ENTERTAINMENT

9,088,120‌

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

0

.2

%

2,505,270

h,i

Avantor,

Inc

LIBOR

12

M

+

2.250%

6

.634

11/08/27

2,497,441‌

3,873,094

i

Jazz

Financing

Lux

Sarl

LIBOR

12

M

+

3.500%

7

.884

05/05/28

3,844,956‌

450,452

i

Organon

&

Co

LIBOR

4

M

+

3.000%

7

.750

06/02/28

447,195‌

295,515

i

Perrigo

Investments

LLC

SOFR

12M

+

2.500%

6

.923

04/20/29

294,407‌

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

7,083,999‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

222

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

REAL

ESTATE

-

0

.0

%

$

628,711

i

Cushman

&

Wakefield

plc

LIBOR

12

M

+

2.750%

7

.134

%

08/21/25

$

615,464‌

TOTAL

REAL

ESTATE

615,464‌

RETAILING

-

0

.2

%

493,759

i

Chariot

Buyer

LLC

LIBOR

12

M

+

3.250%

7

.634

11/03/28

466,603‌

5,000,000

h,i

FLUTTER

FINANCING

BV

SOFR

4M

+

3.250%

7

.043

07/22/28

4,985,425‌

605,912

h,i

LS

GROUP

OPCO

ACQUISITIO

LIBOR

4

M

+

3.250%

6

.580

11/02/27

599,096‌

493,736

i

PetSmart,

Inc

LIBOR

12

M

+

3.750%

8

.130

02/11/28

484,631‌

778,054

i

Resideo

Funding,

Inc

LIBOR

4

M

+

2.250%

6

.880

02/11/28

773,681‌

952,938

i

Staples,

Inc

LIBOR

4

M

+

5.000%

7

.782

04/16/26

883,716‌

TOTAL

RETAILING

8,193,152‌

SOFTWARE

&

SERVICES

-

0

.4

%

467,000

i

Avaya

Holdings

Corp

LIBOR

12

M

+

4.250%

8

.568

12/15/27

161,949‌

788,393

i

Camelot

Finance

S.A.

LIBOR

12

M

+

3.000%

7

.384

10/30/26

777,059‌

843,625

i

Informatica

LLC

LIBOR

12

M

+

2.750%

7

.188

10/27/28

829,705‌

505,460

i

Light

&

Wonder,

Inc

SOFR

12M

+

3.000%

7

.417

04/14/29

499,865‌

1,122

i

Magenta

Buyer

LLC

LIBOR

4

M

+

4.750%

9

.170

07/27/28

966‌

4,817,000

i

NortonLifeLock,

Inc

SOFR

12M

+

2.000%

6

.423

09/12/29

4,745,757‌

4,400,000

h

Open

Text

Corp

6

.134

05/30/25

4,308,150‌

117,000

i

Presidio

Holdings,

Inc

LIBOR

4

M

+

3.500%

7

.920

01/22/27

115,355‌

469,063

i

RealPage,

Inc

LIBOR

12

M

+

3.000%

7

.384

04/24/28

447,016‌

2,019,701

i

SS&C

Technologies,

Inc

SOFR

12M

+

2.250%

6

.673

03/22/29

1,987,517‌

3,043,226

i

SS&C

Technologies,

Inc

SOFR

12M

+

2.250%

6

.673

03/22/29

2,994,732‌

122,824

i

UKG,

Inc

LIBOR

1

M

+

3.250%

3

.250

05/04/26

117,144‌

TOTAL

SOFTWARE

&

SERVICES

16,985,215‌

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0

.0

%

566,375

i

Ahead

DB

Holdings

LLC

LIBOR

4

M

+

3.750%

8

.480

10/18/27

548,322‌

356,844

i

Ingram

Micro,

Inc

LIBOR

4

M

+

3.500%

8

.230

06/30/28

352,384‌

450,000

i

Match

Group

Holdings

II

LLC

LIBOR

4

M

+

1.750%

6

.488

02/13/27

442,406‌

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

1,343,112‌

TELECOMMUNICATION

SERVICES

-

0

.1

%

483,593

i

CommScope,

Inc

LIBOR

12

M

+

3.250%

7

.634

04/06/26

457,116‌

394,592

i

MLN

US

Holdco

LLC

LIBOR

4

M

+

4.500%

8

.252

11/30/25

139,094‌

944,833

i

SFR

Group

S.A.

LIBOR

4

M

+

3.688%

7

.767

01/31/26

877,911‌

623,553

i

Zayo

Group

Holdings,

Inc

LIBOR

12

M

+

3.000%

7

.384

03/09/27

507,896‌

TOTAL

TELECOMMUNICATION

SERVICES

1,982,017‌

TRANSPORTATION

-

0

.1

%

552,226

i

Air

Canada

LIBOR

4

M

+

3.500%

8

.130

08/11/28

547,480‌

750,000

i

American

Airlines,

Inc

LIBOR

4

M

+

4.750%

8

.993

04/20/28

748,009‌

375,250

i

CHG

Healthcare

Services,

Inc

LIBOR

12

M

+

3.250%

7

.634

09/29/28

367,929‌

952,653

i

Genesee

&

Wyoming,

Inc

LIBOR

4

M

+

2.000%

6

.730

12/30/26

948,905‌

990,000

i

Gulf

Finance

LLC

LIBOR

12

M

+

6.750%

10

.970

08/25/26

937,198‌

427,500

i

Mileage

Plus

Holdings

LLC

LIBOR

4

M

+

5.250%

9

.996

06/21/27

440,485‌

247,119

i

MLN

US

Holdco

LLC

0

.000

10/18/27

200,167‌

982,500

i

United

Airlines,

Inc

LIBOR

4

M

+

3.750%

8

.108

04/21/28

972,881‌

596,736

i

XPO

Logistics,

Inc

LIBOR

1

M

+

1.750%

5

.597

02/24/25

594,823‌

TOTAL

TRANSPORTATION

5,757,877‌

UTILITIES

-

0

.1

%

458,252

i

AssuredPartners,

Inc

LIBOR

12

M

+

3.500%

7

.884

02/12/27

446,129‌

384,866

i

AssuredPartners,

Inc

LIBOR

12

M

+

3.500%

7

.884

02/12/27

373,705‌

41,463

i

Covanta

Holding

Corp

LIBOR

1

M

+

2.500%

5

.615

11/30/28

41,219‌

549,385

i

Covanta

Holding

Corp

SOFR

12M

+

2.500%

6

.823

11/30/28

546,149‌

1,937,701

i

Gopher

Resource

LLC

LIBOR

12

M

+

3.250%

7

.634

03/06/25

1,306,010‌

723,827

i

Seattle

SpinCo,

Inc

LIBOR

12

M

+

2.750%

7

.134

06/21/24

723,827‌

578,107

i

Seattle

SpinCo,

Inc

SOFR

+

4.000%

8

.421

01/14/27

578,107‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

223

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

225,693

i

Utz

Quality

Foods

LLC

SOFR

12M

+

3.000%

7

.438

%

01/20/28

$

224,142‌

TOTAL

UTILITIES

4,239,288‌

TOTAL

BANK

LOAN

OBLIGATIONS

88,933,681‌

(Cost

$93,282,182)

BONDS

-

94.3%

CORPORATE

BONDS

-

39

.4

%

AUTOMOBILES

&

COMPONENTS

-

0

.8

%

4,500,000

g

Adient

Global

Holdings

Ltd

4

.875

08/15/26

4,189,410‌

575,000

Dana,

Inc

5

.375

11/15/27

533,379‌

350,000

Dana,

Inc

5

.625

06/15/28

318,383‌

325,000

Dana,

Inc

4

.250

09/01/30

261,826‌

1,000,000

Ford

Motor

Co

7

.450

07/16/31

1,022,112‌

1,755,000

Ford

Motor

Co

3

.250

02/12/32

1,316,148‌

2,635,000

Ford

Motor

Co

6

.100

08/19/32

2,433,047‌

4,900,000

g

Gates

Global

LLC

6

.250

01/15/26

4,728,500‌

3,300,000

General

Motors

Co

6

.125

10/01/25

3,358,443‌

4,750,000

General

Motors

Co

5

.400

10/15/29

4,532,914‌

1,350,000

General

Motors

Co

6

.600

04/01/36

1,322,186‌

3,325,000

General

Motors

Co

5

.200

04/01/45

2,702,462‌

750,000

General

Motors

Co

6

.750

04/01/46

719,028‌

5,000,000

e

Goodyear

Tire

&

Rubber

Co

5

.250

04/30/31

4,151,477‌

2,250,000

g,o

IHO

Verwaltungs

GmbH

4

.750

09/15/26

1,947,068‌

1,450,000

Magna

International,

Inc

3

.625

06/15/24

1,417,243‌

1,000,000

g

Nemak

SAB

de

C.V.

3

.625

06/28/31

782,235‌

TOTAL

AUTOMOBILES

&

COMPONENTS

35,735,861‌

BANKS

-

7

.5

%

2,000,000

e,g

Akbank

T.A.S.

6

.800

02/06/26

1,928,042‌

2,000,000

g

Akbank

T.A.S.

6

.797

04/27/28

1,899,720‌

1,500,000

g

Akbank

T.A.S.

6

.800

06/22/31

1,346,426‌

4,000,000

Banco

Bilbao

Vizcaya

Argentaria

S.A.

6

.500

N/A‡

3,830,023‌

2,500,000

g

Banco

de

Credito

e

Inversiones

S.A.

2

.875

10/14/31

2,079,653‌

1,725,000

g

Banco

Industrial

S.A.

4

.875

01/29/31

1,617,187‌

3,000,000

g

Banco

Internacional

del

Peru

SAA

Interbank

4

.000

07/08/30

2,706,000‌

2,400,000

Banco

Santander

S.A.

5

.294

08/18/27

2,343,256‌

1,905,000

Banco

Santander

S.A.

3

.800

02/23/28

1,727,552‌

2,200,000

Banco

Santander

S.A.

7

.500

N/A‡

2,147,420‌

3,800,000

Banco

Santander

S.A.

4

.750

N/A‡

3,077,003‌

2,000,000

Bancolombia

S.A.

4

.625

12/18/29

1,755,000‌

2,600,000

g

Bangkok

Bank

PCL

3

.466

09/23/36

2,032,704‌

500,000

g

Bangkok

Bank

PCL

5

.000

N/A‡

473,748‌

2,000,000

g

Banistmo

S.A.

4

.250

07/31/27

1,829,538‌

4,000,000

g

Bank

Hapoalim

BM

3

.255

01/21/32

3,438,744‌

3,000,000

g

Bank

Leumi

Le-Israel

BM

3

.275

01/29/31

2,654,250‌

19,525,000

Bank

of

America

Corp

0

.810

10/24/24

18,721,614‌

22,795,000

Bank

of

America

Corp

2

.592

04/29/31

18,565,067‌

9,225,000

Bank

of

America

Corp

1

.922

10/24/31

7,046,865‌

3,925,000

Bank

of

America

Corp

2

.572

10/20/32

3,074,069‌

4,750,000

Bank

of

America

Corp

2

.972

02/04/33

3,826,689‌

4,400,000

Bank

of

America

Corp

3

.846

03/08/37

3,643,466‌

5,700,000

Bank

of

America

Corp

2

.676

06/19/41

3,834,395‌

2,850,000

Bank

of

America

Corp

4

.375

N/A‡

2,413,753‌

7,000,000

Bank

of

America

Corp

6

.100

N/A‡

6,755,000‌

3,000,000

Barclays

plc

3

.932

05/07/25

2,909,212‌

450,000

Barclays

plc

2

.279

11/24/27

388,969‌

2,225,000

Barclays

plc

3

.330

11/24/42

1,518,723‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

224

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

1,855,000

Barclays

plc

6

.125

%

N/A‡

$

1,692,688‌

3,300,000

g

BNP

Paribas

S.A.

2

.819

11/19/25

3,126,019‌

100,000

g

BNP

Paribas

S.A.

4

.375

05/12/26

95,275‌

2,150,000

g

BNP

Paribas

S.A.

1

.904

09/30/28

1,790,279‌

1,800,000

g

BNP

Paribas

S.A.

2

.159

09/15/29

1,467,398‌

6,600,000

g

BNP

Paribas

S.A.

2

.588

08/12/35

4,830,443‌

5,895,000

Citigroup,

Inc

3

.200

10/21/26

5,453,823‌

2,805,000

Citigroup,

Inc

4

.300

11/20/26

2,713,389‌

695,000

Citigroup,

Inc

4

.450

09/29/27

662,619‌

2,135,000

Citigroup,

Inc

2

.572

06/03/31

1,726,767‌

5,000,000

Citigroup,

Inc

4

.910

05/24/33

4,682,165‌

11,800,000

Citigroup,

Inc

6

.270

11/17/33

12,173,375‌

5,000,000

Citigroup,

Inc

6

.250

N/A‡

4,850,000‌

3,700,000

Citigroup,

Inc

5

.000

N/A‡

3,293,045‌

2,500,000

Citigroup,

Inc

6

.300

N/A‡

2,358,125‌

1,075,000

g

Cooperatieve

Rabobank

UA

1

.339

06/24/26

966,565‌

4,950,000

Cooperatieve

Rabobank

UA

3

.750

07/21/26

4,647,758‌

1,525,000

g

DBS

Group

Holdings

Ltd

4

.520

12/11/28

1,508,456‌

1,775,000

g

Development

Bank

of

Kazakhstan

JSC

5

.750

05/12/25

1,771,896‌

2,450,000

Discover

Bank

2

.450

09/12/24

2,317,431‌

800,000

Discover

Bank

4

.250

03/13/26

760,774‌

1,625,000

Discover

Bank

3

.450

07/27/26

1,496,272‌

1,375,000

Discover

Bank

2

.700

02/06/30

1,100,659‌

2,500,000

g

Grupo

Aval

Ltd

4

.375

02/04/30

2,025,077‌

2,160,000

g

Hana

Bank

3

.500

N/A‡

1,859,260‌

1,300,000

HSBC

Holdings

plc

3

.900

05/25/26

1,238,141‌

4,325,000

HSBC

Holdings

plc

4

.292

09/12/26

4,137,109‌

2,250,000

HSBC

Holdings

plc

2

.013

09/22/28

1,880,562‌

3,750,000

HSBC

Holdings

plc

7

.390

11/03/28

3,941,064‌

1,700,000

HSBC

Holdings

plc

2

.206

08/17/29

1,372,208‌

2,200,000

HSBC

Holdings

plc

3

.973

05/22/30

1,925,625‌

990,000

Huntington

Bancshares,

Inc

4

.000

05/15/25

963,671‌

4,000,000

Huntington

Bancshares,

Inc

5

.625

N/A‡

3,713,287‌

1,100,000

ING

Groep

NV

3

.950

03/29/27

1,041,854‌

3,000,000

g

Intercorp

Financial

Services,

Inc

4

.125

10/19/27

2,640,975‌

700,000

JPMorgan

Chase

&

Co

2

.700

05/18/23

694,089‌

660,000

JPMorgan

Chase

&

Co

3

.900

07/15/25

645,232‌

350,000

JPMorgan

Chase

&

Co

3

.200

06/15/26

330,440‌

6,325,000

JPMorgan

Chase

&

Co

4

.323

04/26/28

6,040,292‌

7,805,000

JPMorgan

Chase

&

Co

3

.702

05/06/30

7,000,146‌

4,275,000

JPMorgan

Chase

&

Co

1

.953

02/04/32

3,270,051‌

2,750,000

JPMorgan

Chase

&

Co

2

.525

11/19/41

1,797,890‌

12,350,000

JPMorgan

Chase

&

Co

3

.157

04/22/42

8,965,146‌

1,250,000

JPMorgan

Chase

&

Co

4

.260

02/22/48

1,022,183‌

4,000,000

JPMorgan

Chase

&

Co

5

.000

N/A‡

3,659,723‌

2,000,000

JPMorgan

Chase

&

Co

6

.100

N/A‡

1,946,540‌

5,250,000

JPMorgan

Chase

&

Co

3

.650

N/A‡

4,495,313‌

890,000

Keycorp

5

.000

N/A‡

768,408‌

2,900,000

Lloyds

Banking

Group

plc

6

.750

N/A‡

2,752,154‌

3,000,000

Lloyds

Banking

Group

plc

7

.500

N/A‡

2,894,121‌

4,175,000

M&T

Bank

Corp

3

.500

N/A‡

3,235,667‌

1,800,000

Mitsubishi

UFJ

Financial

Group,

Inc

2

.193

02/25/25

1,684,610‌

3,000,000

g

Mizrahi

Tefahot

Bank

Ltd

3

.077

04/07/31

2,628,750‌

1,700,000

NatWest

Group

plc

5

.516

09/30/28

1,679,059‌

4,900,000

g

NBK

SPC

Ltd

1

.625

09/15/27

4,302,200‌

3,000,000

g

NBK

Tier  Financing

Ltd

3

.625

N/A‡

2,613,396‌

2,500,000

PNC

Financial

Services

Group,

Inc

3

.900

04/29/24

2,469,363‌

2,500,000

i

PNC

Financial

Services

Group,

Inc

LIBOR

3

M

+

3.678%

3

.804

N/A‡

2,493,750‌

5,225,000

PNC

Financial

Services

Group,

Inc

3

.400

N/A‡

4,140,813‌

3,000,000

Royal

Bank

of

Scotland

Group

plc

6

.000

N/A‡

2,770,340‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

225

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

1,600,000

Sumitomo

Mitsui

Financial

Group,

Inc

1

.474

%

07/08/25

$

1,457,868‌

1,500,000

SVB

Financial

Group

4

.100

N/A‡

858,482‌

475,000

Toronto-Dominion

Bank

3

.625

09/15/31

437,500‌

3,055,000

Truist

Financial

Corp

4

.800

N/A‡

2,750,271‌

5,000,000

Truist

Financial

Corp

4

.950

N/A‡

4,780,500‌

3,000,000

g

Turkiye

Garanti

Bankasi

AS.

7

.177

05/24/27

2,766,120‌

2,500,000

g

Turkiye

Vakiflar

Bankasi

TAO

6

.500

01/08/26

2,357,950‌

550,000

g

Turkiye

Vakiflar

Bankasi

TAO

5

.500

10/01/26

491,658‌

2,100,000

g

UBS

Group

AG.

3

.179

02/11/43

1,442,262‌

1,700,000

g

United

Overseas

Bank

Ltd

3

.750

04/15/29

1,655,929‌

3,000,000

g

United

Overseas

Bank

Ltd

2

.000

10/14/31

2,618,205‌

925,000

Wells

Fargo

&

Co

3

.750

01/24/24

912,431‌

1,050,000

Wells

Fargo

&

Co

3

.550

09/29/25

1,009,765‌

3,800,000

Wells

Fargo

&

Co

3

.526

03/24/28

3,518,804‌

5,825,000

Wells

Fargo

&

Co

2

.393

06/02/28

5,141,080‌

7,000,000

Wells

Fargo

&

Co

3

.900

N/A‡

6,126,855‌

1,500,000

Wells

Fargo

&

Co

5

.875

N/A‡

1,447,500‌

635,000

Westpac

Banking

Corp

2

.668

11/15/35

471,968‌

TOTAL

BANKS

316,352,966‌

CAPITAL

GOODS

-

1

.1

%

1,325,000

Air

Lease

Corp

3

.000

02/01/30

1,105,014‌

4,100,000

Air

Lease

Corp

3

.125

12/01/30

3,397,656‌

1,690,000

g

Airbus

SE

3

.150

04/10/27

1,569,846‌

600,000

g

BAE

Systems

plc

1

.900

02/15/31

465,275‌

2,000,000

g

BOC

Aviation

Ltd

3

.000

09/11/29

1,729,123‌

10,500,000

Boeing

Co

2

.196

02/04/26

9,539,908‌

1,050,000

Boeing

Co

3

.250

02/01/28

953,539‌

2,350,000

Boeing

Co

2

.950

02/01/30

1,990,268‌

2,300,000

Boeing

Co

3

.250

02/01/35

1,749,145‌

1,375,000

Boeing

Co

5

.705

05/01/40

1,311,148‌

3,375,000

Boeing

Co

5

.805

05/01/50

3,129,219‌

1,160,000

g

Chart

Industries,

Inc

7

.500

01/01/30

1,166,136‌

3,075,000

g

H&E

Equipment

Services,

Inc

3

.875

12/15/28

2,619,254‌

1,750,000

Ingersoll-Rand

Luxembourg

Finance

S.A.

3

.800

03/21/29

1,610,657‌

800,000

L3Harris

Technologies,

Inc

3

.850

06/15/23

795,302‌

500,000

g

Land

O'

Lakes,

Inc

8

.000

N/A‡

467,500‌

75,000

Lockheed

Martin

Corp

1

.850

06/15/30

61,595‌

1,925,000

Northrop

Grumman

Corp

3

.250

01/15/28

1,775,331‌

2,625,000

Parker-Hannifin

Corp

3

.250

06/14/29

2,344,120‌

199,000

Raytheon

Technologies

Corp

3

.650

08/16/23

197,325‌

4,450,000

Raytheon

Technologies

Corp

4

.125

11/16/28

4,259,129‌

1,080,000

Raytheon

Technologies

Corp

2

.250

07/01/30

898,715‌

1,725,000

Raytheon

Technologies

Corp

4

.500

06/01/42

1,551,324‌

325,000

g

Rolls-Royce

plc

5

.750

10/15/27

309,563‌

725,000

g

WESCO

Distribution,

Inc

7

.250

06/15/28

734,406‌

TOTAL

CAPITAL

GOODS

45,730,498‌

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0

.5

%

2,125,000

g

ADT

Corp

4

.875

07/15/32

1,805,886‌

1,395,000

g

Albion

Financing

1

SARL

6

.125

10/15/26

1,244,075‌

800,000

g

ASGN,

Inc

4

.625

05/15/28

724,160‌

925,000

g

Booz

Allen

Hamilton,

Inc

3

.875

09/01/28

819,515‌

370,000

g

Booz

Allen

Hamilton,

Inc

4

.000

07/01/29

325,653‌

250,000

g

GFL

Environmental,

Inc

4

.250

06/01/25

238,799‌

1,000,000

g

GFL

Environmental,

Inc

3

.750

08/01/25

945,000‌

250,000

g

GFL

Environmental,

Inc

5

.125

12/15/26

239,077‌

3,150,000

g

GFL

Environmental,

Inc

3

.500

09/01/28

2,769,362‌

775,000

g

Prime

Security

Services

Borrower

LLC

5

.250

04/15/24

761,290‌

2,750,000

g

Prime

Security

Services

Borrower

LLC

5

.750

04/15/26

2,646,875‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

226

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

COMMERCIAL

&

PROFESSIONAL

SERVICES—continued

$

1,200,000

g

Prime

Security

Services

Borrower

LLC

3

.375

%

08/31/27

$

1,035,822‌

2,725,000

g

Prime

Security

Services

Borrower

LLC

6

.250

01/15/28

2,480,186‌

1,550,000

Republic

Services,

Inc

2

.900

07/01/26

1,443,837‌

200,000

g

Ritchie

Bros

Auctioneers,

Inc

5

.375

01/15/25

196,500‌

1,330,000

Verisk

Analytics,

Inc

4

.125

03/15/29

1,245,055‌

75,000

Verisk

Analytics,

Inc

3

.625

05/15/50

51,760‌

1,325,000

g

WASH

Multifamily

Acquisition,

Inc

5

.750

04/15/26

1,248,813‌

850,000

Waste

Management,

Inc

2

.500

11/15/50

529,539‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

20,751,204‌

CONSUMER

DURABLES

&

APPAREL

-

0

.3

%

5,000,000

Lennar

Corp

4

.750

11/29/27

4,820,059‌

369,000

Newell

Brands,

Inc

4

.875

06/01/25

358,852‌

1,175,000

Newell

Brands,

Inc

6

.375

09/15/27

1,166,188‌

5,000,000

PulteGroup,

Inc

5

.000

01/15/27

4,942,534‌

TOTAL

CONSUMER

DURABLES

&

APPAREL

11,287,633‌

CONSUMER

SERVICES

-

0

.7

%

8,000,000

Anheuser-Busch

Cos

LLC

3

.650

02/01/26

7,699,250‌

2,830,000

Anheuser-Busch

Cos

LLC

4

.900

02/01/46

2,572,683‌

2,000,000

g

CDI

Escrow

Issuer,

Inc

5

.750

04/01/30

1,792,858‌

1,825,000

g

Cedar

Fair

LP

5

.500

05/01/25

1,805,138‌

2,300,000

g

ENA

Master

Trust

4

.000

05/19/48

1,609,968‌

150,000

g

Hilton

Domestic

Operating

Co,

Inc

5

.750

05/01/28

145,500‌

2,200,000

g

Hilton

Domestic

Operating

Co,

Inc

3

.625

02/15/32

1,761,760‌

2,070,000

g

International

Game

Technology

plc

6

.500

02/15/25

2,082,606‌

400,000

g

International

Game

Technology

plc

4

.125

04/15/26

373,062‌

2,550,000

g

Live

Nation

Entertainment,

Inc

6

.500

05/15/27

2,495,303‌

425,000

g

Marriott

Ownership

Resorts,

Inc

4

.500

06/15/29

352,591‌

2,150,000

McDonald's

Corp

4

.600

09/09/32

2,102,284‌

2,355,000

i

Nature

Conservancy

LIBOR

3

M

+

1.080%

6

.766

02/01/24

2,352,825‌

1,665,000

Sands

China

Ltd

2

.800

03/08/27

1,425,956‌

450,000

g

Wynn

Macau

Ltd

5

.625

08/26/28

384,340‌

TOTAL

CONSUMER

SERVICES

28,956,124‌

DIVERSIFIED

FINANCIALS

-

4

.1

%

2,150,000

AerCap

Ireland

Capital

DAC

1

.750

01/30/26

1,891,530‌

6,600,000

AerCap

Ireland

Capital

DAC

3

.000

10/29/28

5,529,317‌

1,250,000

AerCap

Ireland

Capital

DAC

3

.300

01/30/32

977,201‌

750,000

AerCap

Ireland

Capital

DAC

3

.850

10/29/41

530,231‌

2,312,000

American

Express

Co

3

.700

08/03/23

2,296,986‌

3,000,000

g

B3

S.A.-Brasil

Bolsa

Balcao

4

.125

09/20/31

2,527,930‌

3,000,000

g

Banco

BTG

Pactual

S.A.

2

.750

01/11/26

2,726,250‌

1,380,000

g

Banco

Mercantil

del

Norte

S.A.

6

.750

N/A‡

1,346,317‌

4,086,000

Bank

of

New

York

Mellon

Corp

4

.700

N/A‡

3,923,091‌

2,850,000

g

BBVA

Bancomer

S.A.

5

.125

01/18/33

2,558,164‌

4,000,000

g

BNP

Paribas

S.A.

7

.750

N/A‡

3,950,000‌

2,825,000

Capital

One

Bank

USA

NA

3

.375

02/15/23

2,820,058‌

75,000

Capital

One

Financial

Corp

3

.750

03/09/27

71,266‌

3,940,000

e

Capital

One

Financial

Corp

3

.950

N/A‡

3,094,400‌

6,675,000

Charles

Schwab

Corp

5

.375

N/A‡

6,528,150‌

600,000

g

Compass

Group

Diversified

Holdings

LLC

5

.250

04/15/29

513,475‌

475,000

g

Credit

Suisse

Group

AG.

2

.193

06/05/26

405,694‌

5,900,000

g

Credit

Suisse

Group

AG.

1

.305

02/02/27

4,715,302‌

2,050,000

g

Credit

Suisse

Group

AG.

6

.442

08/11/28

1,866,927‌

4,075,000

Credit

Suisse

Group

Funding

Guernsey

Ltd

3

.800

06/09/23

3,968,031‌

2,325,000

Credit

Suisse

Group

Funding

Guernsey

Ltd

3

.750

03/26/25

2,092,592‌

2,450,000

Deutsche

Bank

AG.

5

.371

09/09/27

2,455,463‌

2,275,000

Deutsche

Bank

AG.

2

.311

11/16/27

1,928,933‌

6,400,000

Discover

Financial

Services

6

.125

N/A‡

6,211,797‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

227

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

4,550,000

Equitable

Holdings,

Inc

4

.950

%

N/A‡

$

4,289,285‌

1,140,000

Ford

Motor

Credit

Co

LLC

5

.584

03/18/24

1,125,009‌

2,000,000

Ford

Motor

Credit

Co

LLC

7

.350

11/04/27

2,049,400‌

1,400,000

Ford

Motor

Credit

Co

LLC

4

.000

11/13/30

1,149,176‌

2,000,000

General

Motors

Financial

Co,

Inc

2

.750

06/20/25

1,872,198‌

6,600,000

General

Motors

Financial

Co,

Inc

5

.000

04/09/27

6,393,213‌

8,225,000

General

Motors

Financial

Co,

Inc

2

.700

06/10/31

6,301,793‌

2,550,000

General

Motors

Financial

Co,

Inc

5

.700

N/A‡

2,158,256‌

2,000,000

e

General

Motors

Financial

Co,

Inc

5

.750

N/A‡

1,683,793‌

1,250,000

Goldman

Sachs

Group,

Inc

4

.000

03/03/24

1,234,192‌

1,000,000

Goldman

Sachs

Group,

Inc

3

.500

04/01/25

961,642‌

11,100,000

Goldman

Sachs

Group,

Inc

4

.482

08/23/28

10,638,401‌

2,500,000

Goldman

Sachs

Group,

Inc

2

.615

04/22/32

1,993,727‌

710,000

Goldman

Sachs

Group,

Inc

2

.650

10/21/32

560,594‌

1,065,000

Goldman

Sachs

Group,

Inc

4

.017

10/31/38

875,607‌

1,625,000

Goldman

Sachs

Group,

Inc

3

.210

04/22/42

1,170,497‌

1,450,000

Goldman

Sachs

Group,

Inc

3

.436

02/24/43

1,065,425‌

6,050,000

Goldman

Sachs

Group,

Inc

5

.500

N/A‡

5,865,320‌

1,250,000

g,i

Hestia

Re

Ltd

SOFR

+

9.500%

13

.840

04/22/25

906,250‌

2,000,000

g

High

Street

Funding

Trust

I

4

.111

02/15/28

1,861,600‌

925,000

Icahn

Enterprises

LP

5

.250

05/15/27

846,930‌

3,850,000

Icahn

Enterprises

LP

4

.375

02/01/29

3,255,752‌

5,000,000

g

Indian

Railway

Finance

Corp

Ltd

2

.800

02/10/31

4,083,734‌

4,000,000

ING

GROEP

NV

6

.500

N/A‡

3,781,953‌

425,000

Legg

Mason,

Inc

3

.950

07/15/24

416,144‌

3,425,000

g

LPL

Holdings,

Inc

4

.000

03/15/29

2,980,093‌

500,000

g,i

Matterhorn

Re

Ltd

SOFR

+

5.250%

5

.889

03/24/25

430,350‌

1,400,000

g

Minejesa

Capital

BV

4

.625

08/10/30

1,225,280‌

1,000,000

g

Minejesa

Capital

BV

5

.625

08/10/37

778,506‌

3,445,000

Morgan

Stanley

2

.720

07/22/25

3,293,487‌

2,650,000

Morgan

Stanley

2

.188

04/28/26

2,462,553‌

1,000,000

Morgan

Stanley

4

.679

07/17/26

982,855‌

6,625,000

Morgan

Stanley

3

.125

07/27/26

6,179,613‌

1,480,000

Morgan

Stanley

3

.950

04/23/27

1,397,702‌

1,300,000

Morgan

Stanley

1

.512

07/20/27

1,128,124‌

1,425,000

Morgan

Stanley

2

.699

01/22/31

1,177,544‌

425,000

Morgan

Stanley

1

.794

02/13/32

319,413‌

1,325,000

Morgan

Stanley

1

.928

04/28/32

999,748‌

400,000

Morgan

Stanley

6

.342

10/18/33

419,122‌

1,140,000

Northern

Trust

Corp

3

.950

10/30/25

1,116,151‌

1,345,000

OneMain

Finance

Corp

3

.500

01/15/27

1,113,620‌

2,375,000

g

Power

Finance

Corp

Ltd

3

.950

04/23/30

2,078,741‌

2,000,000

g

REC

Ltd

4

.750

05/19/23

1,990,420‌

2,000,000

g

Rocket

Mortgage

LLC

4

.000

10/15/33

1,493,720‌

1,830,000

e,g

S&P

Global,

Inc

4

.250

05/01/29

1,746,727‌

1,000,000

SLM

Corp

5

.500

01/25/23

998,290‌

2,100,000

g

Societe

Generale

S.A.

4

.027

01/21/43

1,420,941‌

600,000

Springleaf

Finance

Corp

6

.125

03/15/24

580,362‌

1,350,000

Springleaf

Finance

Corp

5

.375

11/15/29

1,104,166‌

700,000

g

Swiss

Re

Finance

Luxembourg

SA

5

.000

04/02/49

644,518‌

2,500,000

g

UBS

Group

AG

7

.000

N/A‡

2,459,558‌

260,000

Voya

Financial,

Inc

5

.700

07/15/43

240,977‌

TOTAL

DIVERSIFIED

FINANCIALS

172,231,577‌

ENERGY

-

4

.0

%

1,450,000

g

Abu

Dhabi

Crude

Oil

Pipeline

LLC

4

.600

11/02/47

1,329,459‌

3,950,000

g

Archrock

Partners

LP

6

.875

04/01/27

3,770,924‌

375,000

g

Archrock

Partners

LP

6

.250

04/01/28

343,129‌

550,000

Cenovus

Energy,

Inc

2

.650

01/15/32

439,119‌

2,000,000

Cenovus

Energy,

Inc

5

.400

06/15/47

1,788,874‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

228

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

109,901

o

Cloud

Peak

Energy,

Inc

12

.000

%

05/01/25

$

101,477‌

1,500,000

g

Cosan

Ltd

5

.500

09/20/29

1,411,875‌

2,125,000

Diamondback

Energy,

Inc

3

.250

12/01/26

1,976,456‌

3,000,000

Diamondback

Energy,

Inc

3

.500

12/01/29

2,631,964‌

2,200,000

Diamondback

Energy,

Inc

3

.125

03/24/31

1,821,734‌

1,600,000

Diamondback

Energy,

Inc

4

.250

03/15/52

1,170,673‌

1,790,000

g

DT

Midstream,

Inc

4

.125

06/15/29

1,537,807‌

1,490,000

g

DT

Midstream,

Inc

4

.375

06/15/31

1,249,961‌

2,300,000

Ecopetrol

S.A.

6

.875

04/29/30

2,085,715‌

2,275,000

Ecopetrol

S.A.

4

.625

11/02/31

1,737,736‌

2,000,000

g

Empresa

Nacional

del

Petroleo

3

.450

09/16/31

1,681,473‌

2,340,000

Enbridge,

Inc

5

.750

07/15/80

2,115,870‌

500,000

g

Energean

Israel

Finance

Ltd

4

.875

03/30/26

458,600‌

897,000

g

Energean

Israel

Finance

Ltd

5

.375

03/30/28

801,694‌

2,900,000

Energy

Transfer

LP

5

.750

02/15/33

2,837,244‌

4,200,000

Energy

Transfer

LP

6

.500

N/A‡

3,612,000‌

1,375,000

Energy

Transfer

Operating

LP

2

.900

05/15/25

1,294,899‌

950,000

Energy

Transfer

Operating

LP

4

.750

01/15/26

925,317‌

575,000

Energy

Transfer

Operating

LP

5

.500

06/01/27

570,917‌

2,000,000

Energy

Transfer

Operating

LP

4

.950

06/15/28

1,933,971‌

575,000

Energy

Transfer

Operating

LP

5

.250

04/15/29

556,000‌

2,100,000

Energy

Transfer

Operating

LP

6

.250

04/15/49

1,952,736‌

2,700,000

Energy

Transfer

Operating

LP

5

.000

05/15/50

2,157,113‌

525,000

g

EnLink

Midstream

LLC

5

.625

01/15/28

500,062‌

745,000

g

EnLink

Midstream

LLC

6

.500

09/01/30

737,326‌

1,025,000

Enterprise

Products

Operating

LLC

3

.700

02/15/26

987,880‌

1,550,000

Enterprise

Products

Operating

LLC

3

.125

07/31/29

1,364,694‌

200,000

Enterprise

Products

Operating

LLC

2

.800

01/31/30

169,905‌

1,025,000

Enterprise

Products

Operating

LLC

4

.250

02/15/48

822,474‌

2,105,000

Enterprise

Products

Operating

LLC

4

.200

01/31/50

1,655,101‌

3,125,000

Enterprise

Products

Operating

LLC

3

.700

01/31/51

2,252,796‌

825,000

Enterprise

Products

Operating

LLC

3

.200

02/15/52

540,578‌

1,225,000

Enterprise

Products

Operating

LLC

3

.300

02/15/53

814,848‌

450,000

g

EQM

Midstream

Partners

LP

6

.000

07/01/25

434,249‌

2,000,000

g

EQM

Midstream

Partners

LP

4

.500

01/15/29

1,679,854‌

850,000

g

EQT

Corp

3

.125

05/15/26

781,180‌

3,081,892

g

Galaxy

Pipeline

Assets

Bidco

Ltd

2

.160

03/31/34

2,617,007‌

2,750,000

g

Galaxy

Pipeline

Assets

Bidco

Ltd

2

.625

03/31/36

2,209,058‌

675,000

Genesis

Energy

LP

6

.500

10/01/25

645,104‌

3,750,000

Genesis

Energy

LP

6

.250

05/15/26

3,431,125‌

450,000

g

Hilcorp

Energy

I

LP

5

.750

02/01/29

400,530‌

450,000

g

Hilcorp

Energy

I

LP

6

.000

02/01/31

388,151‌

475,000

g

Holly

Energy

Partners

LP

6

.375

04/15/27

466,684‌

1,700,000

g

KazMunayGas

National

Co

JSC

5

.375

04/24/30

1,523,592‌

2,000,000

g

KazMunayGas

National

Co

JSC

3

.500

04/14/33

1,484,000‌

715,000

Kinder

Morgan

Energy

Partners

LP

5

.400

09/01/44

642,430‌

1,325,000

g

Kosmos

Energy

Ltd

7

.750

05/01/27

1,104,792‌

2,025,000

g

Leviathan

Bond

Ltd

6

.125

06/30/25

1,976,906‌

2,200,000

Marathon

Petroleum

Corp

3

.800

04/01/28

2,035,294‌

4,150,000

Marathon

Petroleum

Corp

4

.750

09/15/44

3,465,242‌

1,650,000

Marathon

Petroleum

Corp

5

.000

09/15/54

1,376,892‌

2,500,000

g

MEG

Energy

Corp

7

.125

02/01/27

2,549,730‌

2,625,000

MPLX

LP

1

.750

03/01/26

2,339,847‌

7,275,000

MPLX

LP

2

.650

08/15/30

5,895,641‌

1,550,000

MPLX

LP

4

.700

04/15/48

1,223,154‌

1,617,000

Murphy

Oil

Corp

5

.875

12/01/27

1,556,023‌

325,000

Occidental

Petroleum

Corp

5

.500

12/01/25

323,898‌

800,000

Occidental

Petroleum

Corp

5

.550

03/15/26

797,000‌

2,375,000

e

Occidental

Petroleum

Corp

3

.500

08/15/29

2,126,361‌

2,000,000

Occidental

Petroleum

Corp

6

.600

03/15/46

2,057,980‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

229

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

1,100,000

ONEOK,

Inc

4

.000

%

07/13/27

$

1,034,888‌

4,150,000

ONEOK,

Inc

4

.550

07/15/28

3,916,808‌

3,050,000

ONEOK,

Inc

4

.350

03/15/29

2,818,785‌

1,650,000

ONEOK,

Inc

4

.500

03/15/50

1,228,619‌

2,000,000

g

Parkland

Corp

4

.500

10/01/29

1,666,533‌

1,260,000

g

Parkland

Corp

4

.625

05/01/30

1,042,650‌

5,000,000

g

Pertamina

Persero

PT

1

.400

02/09/26

4,456,865‌

3,000,000

g

Pertamina

Persero

PT

2

.300

02/09/31

2,423,193‌

2,000,000

Petrobras

Global

Finance

BV

6

.900

03/19/49

1,794,960‌

1,992,000

Petroleos

Mexicanos

6

.840

01/23/30

1,646,373‌

2,700,000

Petroleos

Mexicanos

5

.950

01/28/31

2,043,490‌

4,509,000

Petroleos

Mexicanos

6

.700

02/16/32

3,540,679‌

2,700,000

Phillips

66

2

.150

12/15/30

2,161,825‌

1,450,000

Phillips

66

3

.300

03/15/52

1,000,551‌

715,000

g

Phillips

66

Co

4

.680

02/15/45

619,668‌

475,000

Regency

Energy

Partners

LP

4

.500

11/01/23

471,526‌

5,130,000

Sabine

Pass

Liquefaction

LLC

5

.875

06/30/26

5,190,748‌

3,950,000

Sabine

Pass

Liquefaction

LLC

4

.200

03/15/28

3,712,885‌

3,300,000

Sabine

Pass

Liquefaction

LLC

4

.500

05/15/30

3,058,825‌

640,000

g

Santos

Finance

Ltd

3

.649

04/29/31

508,710‌

2,675,000

g

Saudi

Arabian

Oil

Co

2

.250

11/24/30

2,201,268‌

820,000

Shell

International

Finance

BV

3

.125

11/07/49

576,266‌

2,000,000

g

SierraCol

Energy

Andina

LLC

6

.000

06/15/28

1,569,519‌

455,000

Suncor

Energy,

Inc

6

.800

05/15/38

476,618‌

1,400,000

Sunoco

Logistics

Partners

Operations

LP

4

.000

10/01/27

1,306,589‌

600,000

Sunoco

Logistics

Partners

Operations

LP

5

.400

10/01/47

508,234‌

1,150,000

Sunoco

LP

4

.500

05/15/29

1,005,905‌

1,525,000

Targa

Resources

Corp

4

.200

02/01/33

1,312,054‌

1,525,000

Targa

Resources

Corp

4

.950

04/15/52

1,206,435‌

525,000

Targa

Resources

Partners

LP

6

.500

07/15/27

528,328‌

1,000,000

Targa

Resources

Partners

LP

4

.000

01/15/32

841,390‌

2,000,000

g

Thaioil

Treasury

Center

Co

Ltd

2

.500

06/18/30

1,561,073‌

3,300,000

Total

Capital

International

S.A.

3

.127

05/29/50

2,330,513‌

3,440,000

TransCanada

PipeLines

Ltd

4

.250

05/15/28

3,256,331‌

1,750,000

TransCanada

PipeLines

Ltd

2

.500

10/12/31

1,389,552‌

2,000,000

TransCanada

Trust

5

.500

09/15/79

1,726,440‌

1,242,000

g

Tullow

Oil

plc

10

.250

05/15/26

996,084‌

1,600,000

USA

Compression

Partners

LP

6

.875

04/01/26

1,534,864‌

1,075,000

USA

Compression

Partners

LP

6

.875

09/01/27

1,005,125‌

1,800,000

Williams

Cos,

Inc

2

.600

03/15/31

1,456,655‌

TOTAL

ENERGY

170,799,949‌

FOOD

&

STAPLES

RETAILING

-

0

.4

%

2,350,000

Costco

Wholesale

Corp

1

.600

04/20/30

1,925,277‌

1,460,000

Kroger

Co

3

.875

10/15/46

1,115,595‌

2,500,000

g

MARB

BondCo

plc

3

.950

01/29/31

1,918,960‌

675,000

SYSCO

Corp

3

.300

07/15/26

636,714‌

2,250,000

SYSCO

Corp

3

.150

12/14/51

1,479,024‌

2,200,000

Walmart,

Inc

1

.050

09/17/26

1,948,241‌

280,000

Walmart,

Inc

2

.375

09/24/29

245,170‌

5,125,000

Walmart,

Inc

1

.800

09/22/31

4,170,815‌

2,375,000

Walmart,

Inc

2

.500

09/22/41

1,732,690‌

TOTAL

FOOD

&

STAPLES

RETAILING

15,172,486‌

FOOD,

BEVERAGE

&

TOBACCO

-

1

.1

%

5,580,000

Anheuser-Busch

InBev

Worldwide,

Inc

4

.750

01/23/29

5,507,975‌

1,745,000

Anheuser-Busch

InBev

Worldwide,

Inc

4

.439

10/06/48

1,490,277‌

1,850,000

BAT

Capital

Corp

2

.259

03/25/28

1,535,357‌

3,650,000

BAT

Capital

Corp

4

.906

04/02/30

3,341,860‌

3,735,000

BAT

Capital

Corp

2

.726

03/25/31

2,914,111‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

230

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOOD,

BEVERAGE

&

TOBACCO—continued

$

1,100,000

BAT

Capital

Corp

4

.742

%

03/16/32

$

976,057‌

4,400,000

BAT

International

Finance

plc

4

.448

03/16/28

4,075,109‌

2,000,000

g

BRF

S.A.

5

.750

09/21/50

1,427,360‌

2,700,000

g

Cia

Cervecerias

Unidas

S.A.

3

.350

01/19/32

2,277,234‌

1,830,000

g

CNTL

AMR

BOTTLING

CORP

5

.250

04/27/29

1,705,963‌

3,000,000

g

Coca-Cola

Icecek

AS.

4

.500

01/20/29

2,617,684‌

450,000

Constellation

Brands,

Inc

4

.400

11/15/25

442,257‌

450,000

Constellation

Brands,

Inc

3

.700

12/06/26

427,900‌

1,625,000

Constellation

Brands,

Inc

3

.150

08/01/29

1,424,078‌

2,350,000

Constellation

Brands,

Inc

2

.875

05/01/30

2,000,461‌

1,700,000

Constellation

Brands,

Inc

2

.250

08/01/31

1,350,471‌

450,000

g

Corp

Lindley

S.A.

4

.625

04/12/23

445,390‌

1,650,000

Diageo

Capital

plc

2

.125

10/24/24

1,565,151‌

2,425,000

Diageo

Capital

plc

2

.375

10/24/29

2,068,756‌

1,150,000

Diageo

Capital

plc

2

.000

04/29/30

944,591‌

1,700,000

g

Grupo

Bimbo

SAB

de

C.V.

4

.700

11/10/47

1,435,656‌

1,500,000

g

Primo

Water

Holdings,

Inc

4

.375

04/30/29

1,295,387‌

2,250,000

g

Sigma

Alimentos

S.A.

de

C.V.

4

.125

05/02/26

2,131,881‌

5,325,000

g

Ulker

Biskuvi

Sanayi

AS.

6

.950

10/30/25

4,467,568‌

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

47,868,534‌

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

1

.8

%

450,000

Abbott

Laboratories

5

.300

05/27/40

457,759‌

4,200,000

Anthem,

Inc

2

.250

05/15/30

3,474,427‌

1,660,000

Becton

Dickinson

&

Co

2

.823

05/20/30

1,424,710‌

1,200,000

Boston

Scientific

Corp

2

.650

06/01/30

1,025,027‌

1,640,000

Centene

Corp

2

.450

07/15/28

1,384,242‌

6,410,000

Centene

Corp

3

.000

10/15/30

5,254,592‌

2,750,000

g

CHS/Community

Health

Systems,

Inc

8

.000

03/15/26

2,503,641‌

1,250,000

g

CHS/Community

Health

Systems,

Inc

5

.250

05/15/30

942,546‌

1,525,000

Cigna

Corp

3

.200

03/15/40

1,150,538‌

7,450,000

CVS

Health

Corp

1

.750

08/21/30

5,871,279‌

5,175,000

CVS

Health

Corp

4

.780

03/25/38

4,714,084‌

1,400,000

CVS

Health

Corp

2

.700

08/21/40

967,218‌

4,925,000

CVS

Health

Corp

5

.050

03/25/48

4,420,409‌

5,400,000

Encompass

Health

Corp

4

.500

02/01/28

4,905,360‌

9,000,000

HCA,

Inc

3

.500

09/01/30

7,762,286‌

2,075,000

g

HCA,

Inc

3

.625

03/15/32

1,755,769‌

1,320,000

HCA,

Inc

5

.500

06/15/47

1,172,320‌

1,700,000

g

HCA,

Inc

4

.625

03/15/52

1,323,102‌

3,500,000

g

Hologic,

Inc

3

.250

02/15/29

3,005,437‌

1,800,000

Humana,

Inc

3

.950

03/15/27

1,725,459‌

2,000,000

Humana,

Inc

2

.150

02/03/32

1,560,664‌

3,700,000

g

MPH

Acquisition

Holdings

LLC

5

.500

09/01/28

2,886,370‌

3,375,000

MPT

Operating

Partnership

LP

3

.500

03/15/31

2,313,507‌

375,000

g

Tenet

Healthcare

Corp

4

.625

06/15/28

335,528‌

3,400,000

g

Tenet

Healthcare

Corp

6

.125

10/01/28

3,044,088‌

5,600,000

g

Tenet

Healthcare

Corp

4

.375

01/15/30

4,847,164‌

2,650,000

UnitedHealth

Group,

Inc

2

.950

10/15/27

2,453,280‌

3,625,000

UnitedHealth

Group,

Inc

2

.300

05/15/31

3,020,924‌

1,085,000

UnitedHealth

Group,

Inc

3

.750

10/15/47

862,736‌

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

76,564,466‌

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0

.1

%

875,000

Church

&

Dwight

Co,

Inc

2

.300

12/15/31

700,985‌

1,850,000

Church

&

Dwight

Co,

Inc

5

.000

06/15/52

1,730,064‌

550,000

Colgate-Palmolive

Co

3

.250

08/15/32

496,343‌

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

2,927,392‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

231

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

INSURANCE

-

0

.8

%

$

2,550,000

g

Acrisure

LLC

4

.250

%

02/15/29

$

2,104,805‌

150,000

Aetna,

Inc

6

.625

06/15/36

159,343‌

53,000

Aflac,

Inc

6

.450

08/15/40

54,265‌

1,000,000

g,i

Alamo

Re

Ltd

11

.587

06/07/25

938,400‌

825,000

g

Alliant

Holdings

Intermediate

LLC

4

.250

10/15/27

738,893‌

325,000

g

AmWINS

Group,

Inc

4

.875

06/30/29

275,648‌

1,250,000

Aon

Corp

2

.800

05/15/30

1,066,033‌

2,425,000

Aon

plc

3

.500

06/14/24

2,366,774‌

500,000

Berkshire

Hathaway

Finance

Corp

2

.875

03/15/32

433,143‌

400,000

Berkshire

Hathaway

Finance

Corp

4

.250

01/15/49

356,083‌

3,895,000

Berkshire

Hathaway

Finance

Corp

2

.850

10/15/50

2,601,401‌

700,000

CNA

Financial

Corp

3

.950

05/15/24

687,684‌

550,000

g

Equitable

Financial

Life

Global

Funding

1

.400

07/07/25

498,722‌

1,690,000

g

Five

Corners

Funding

Trust

II

2

.850

05/15/30

1,416,663‌

7,425,000

Hartford

Financial

Services

Group,

Inc

2

.800

08/19/29

6,356,408‌

250,000

Hartford

Financial

Services

Group,

Inc

4

.300

04/15/43

199,896‌

850,000

Hartford

Financial

Services

Group,

Inc

2

.900

09/15/51

534,291‌

1,521,000

g

Liberty

Mutual

Group,

Inc

4

.569

02/01/29

1,421,707‌

1,750,000

g

Liberty

Mutual

Group,

Inc

3

.951

10/15/50

1,220,762‌

1,750,000

g

Liberty

Mutual

Group,

Inc

5

.500

06/15/52

1,570,112‌

375,000

Marsh

&

McLennan

Cos,

Inc

3

.500

03/10/25

363,987‌

875,000

MetLife,

Inc

3

.600

11/13/25

850,189‌

625,000

MetLife,

Inc

5

.000

07/15/52

594,968‌

3,920,000

MetLife,

Inc

3

.850

N/A‡

3,640,700‌

500,000

Principal

Financial

Group,

Inc

2

.125

06/15/30

409,675‌

500,000

Prudential

Financial,

Inc

3

.905

12/07/47

398,158‌

1,050,000

Reinsurance

Group

of

America,

Inc

3

.900

05/15/29

960,663‌

850,000

Willis

North

America,

Inc

3

.600

05/15/24

826,821‌

TOTAL

INSURANCE

33,046,194‌

MATERIALS

-

2

.2

%

2,650,000

Albemarle

Corp

4

.650

06/01/27

2,584,215‌

1,125,000

g

Alpek

SAB

de

C.V.

4

.250

09/18/29

1,020,937‌

3,700,000

Amcor

Flexibles

North

America,

Inc

2

.690

05/25/31

3,006,145‌

875,000

g

Anglo

American

Capital

plc

3

.875

03/16/29

785,563‌

1,350,000

g

Anglo

American

Capital

plc

2

.625

09/10/30

1,097,125‌

4,300,000

AngloGold

Ashanti

Holdings

plc

3

.375

11/01/28

3,748,334‌

1,500,000

AngloGold

Ashanti

Holdings

plc

3

.750

10/01/30

1,301,002‌

1,225,000

g

Ardagh

Metal

Packaging

Finance

USA

LLC

3

.250

09/01/28

1,040,570‌

3,570,000

Ball

Corp

6

.875

03/15/28

3,666,997‌

2,425,000

Ball

Corp

2

.875

08/15/30

1,935,441‌

270,000

Bemis

Co,

Inc

3

.100

09/15/26

250,368‌

1,200,000

Bemis

Co,

Inc

2

.630

06/19/30

976,482‌

5,375,000

Berry

Global,

Inc

1

.570

01/15/26

4,788,135‌

3,125,000

Berry

Global,

Inc

1

.650

01/15/27

2,672,722‌

1,145,000

g

CANPACK

S.A.

3

.125

11/01/25

1,003,226‌

2,500,000

g

Celulosa

Arauco

y

Constitucion

S.A.

4

.250

04/30/29

2,335,486‌

1,500,000

g

Cemex

SAB

de

C.V.

5

.450

11/19/29

1,439,992‌

1,500,000

Commercial

Metals

Co

4

.125

01/15/30

1,327,285‌

725,000

e,g

Constellium

SE

3

.750

04/15/29

589,017‌

2,000,000

g

Corp

Nacional

del

Cobre

de

Chile

3

.150

01/14/30

1,765,162‌

5,805,000

DowDuPont,

Inc

4

.493

11/15/25

5,708,358‌

1,605,000

DowDuPont,

Inc

4

.725

11/15/28

1,582,598‌

5,000,000

g

FMG

Resources

August

2006

Pty

Ltd

5

.875

04/15/30

4,657,638‌

1,785,000

g

Freeport

Indonesia

PT

5

.315

04/14/32

1,637,263‌

2,500,000

Freeport-McMoRan,

Inc

5

.450

03/15/43

2,255,100‌

700,000

g

Fresnillo

plc

4

.250

10/02/50

551,089‌

1,850,000

g

GCC

SAB

de

C.V.

3

.614

04/20/32

1,539,638‌

1,250,000

g

Gold

Fields

Orogen

Holdings

BVI

Ltd

6

.125

05/15/29

1,263,203‌

485,000

g

Midwest

Connector

Capital

Co

LLC

4

.625

04/01/29

438,147‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

232

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MATERIALS—continued

$

2,000,000

g

Mineral

Resources

Ltd

8

.000

%

11/01/27

$

2,045,040‌

377,000

Mosaic

Co

4

.875

11/15/41

319,525‌

1,200,000

Newmont

Corp

2

.250

10/01/30

964,488‌

1,665,000

e

Newmont

Corp

2

.600

07/15/32

1,325,526‌

3,000,000

g

Nova

Chemicals

Corp

4

.875

06/01/24

2,902,489‌

2,500,000

Nutrien

Ltd

2

.950

05/13/30

2,141,795‌

1,920,000

g

OCI

NV

4

.625

10/15/25

1,819,333‌

1,100,000

g

OCP

S.A.

3

.750

06/23/31

921,334‌

2,000,000

Olin

Corp

5

.125

09/15/27

1,890,000‌

1,975,000

g

Orbia

Advance

Corp

SAB

de

C.V.

1

.875

05/11/26

1,705,906‌

2,900,000

g

PolyOne

Corp

5

.750

05/15/25

2,827,501‌

2,075,000

e

Sasol

Financing

USA

LLC

4

.375

09/18/26

1,834,439‌

4,500,000

g

Sociedad

Quimica

y

Minera

de

Chile

S.A.

3

.500

09/10/51

3,309,468‌

2,200,000

g

Standard

Industries,

Inc

5

.000

02/15/27

2,030,013‌

2,100,000

Suzano

Austria

GmbH

2

.500

09/15/28

1,766,877‌

3,000,000

Suzano

Austria

GmbH

3

.125

01/15/32

2,338,812‌

911,000

g

Tronox,

Inc

4

.625

03/15/29

757,269‌

2,675,000

g

UltraTech

Cement

Ltd

2

.800

02/16/31

2,126,101‌

815,000

g

Unifrax

Escrow

Issuer

Corp

5

.250

09/30/28

655,803‌

1,000,000

WRKCo,

Inc

4

.900

03/15/29

960,084‌

1,500,000

WRKCo,

Inc

3

.000

06/15/33

1,191,239‌

TOTAL

MATERIALS

92,800,280‌

MEDIA

&

ENTERTAINMENT

-

2

.6

%

875,000

Activision

Blizzard,

Inc

3

.400

09/15/26

833,531‌

1,100,000

Activision

Blizzard,

Inc

1

.350

09/15/30

859,572‌

2,030,000

g

Adani

Electricity

Mumbai

Ltd

3

.867

07/22/31

1,459,684‌

3,985,419

g

Alfa

Desarrollo

S.p.A

4

.550

09/27/51

3,027,447‌

2,500,000

g

Arches

Buyer,

Inc

4

.250

06/01/28

1,955,253‌

1,550,000

Baidu,

Inc

1

.625

02/23/27

1,326,228‌

1,500,000

g

BOC

Aviation

USA

Corp

1

.625

04/29/24

1,423,764‌

500,000

g,i

Bonanza

RE

Ltd

SOFR

+

5.750%

10

.087

03/16/25

400,000‌

1,175,000

g

Cable

Onda

S.A.

4

.500

01/30/30

1,055,444‌

6,000,000

g

CCO

Holdings

LLC

5

.125

05/01/27

5,592,420‌

1,800,000

g

CCO

Holdings

LLC

4

.500

08/15/30

1,487,079‌

2,750,000

Charter

Communications

Operating

LLC

2

.800

04/01/31

2,140,896‌

5,000,000

Charter

Communications

Operating

LLC

3

.500

03/01/42

3,203,783‌

1,465,000

Charter

Communications

Operating

LLC

5

.125

07/01/49

1,107,777‌

8,150,000

Charter

Communications

Operating

LLC

4

.800

03/01/50

5,916,485‌

5,000,000

Comcast

Corp

4

.150

10/15/28

4,794,735‌

2,975,000

Comcast

Corp

3

.200

07/15/36

2,411,670‌

1,000,000

Comcast

Corp

3

.900

03/01/38

861,765‌

15,185,000

Comcast

Corp

2

.887

11/01/51

9,752,490‌

5,000,000

g

CSC

Holdings

LLC

5

.500

04/15/27

4,194,382‌

1,225,000

g

CT

Trust

5

.125

02/03/32

1,075,663‌

985,000

g

DIRECTV

Holdings

LLC

5

.875

08/15/27

881,240‌

1,500,000

DISH

DBS

Corp

5

.000

03/15/23

1,493,107‌

1,300,000

g

Electricidad

Firme

de

Mexico

Holdings

S.A.

de

C.V.

4

.900

11/20/26

1,142,375‌

2,075,000

g

ENN

Clean

Energy

International

Investment

Ltd

3

.375

05/12/26

1,808,072‌

3,000,000

g

Genm

Capital

Labuan

Ltd

3

.882

04/19/31

2,233,641‌

2,785,000

Grupo

Televisa

SAB

6

.625

01/15/40

2,861,453‌

2,000,000

GSK

Consumer

Healthcare

Capital

US

LLC

3

.375

03/24/27

1,861,912‌

3,200,000

GSK

Consumer

Healthcare

Capital

US

LLC

3

.625

03/24/32

2,809,211‌

1,275,000

Lamar

Media

Corp

3

.750

02/15/28

1,141,261‌

3,000,000

Lamar

Media

Corp

4

.875

01/15/29

2,754,530‌

1,000,000

Lamar

Media

Corp

4

.000

02/15/30

874,000‌

825,000

Lamar

Media

Corp

3

.625

01/15/31

682,050‌

1,275,000

g

LCPR

Senior

Secured

Financing

DAC

5

.125

07/15/29

1,056,220‌

1,250,000

g

Magallanes,

Inc

4

.279

03/15/32

1,029,706‌

6,475,000

g

Magallanes,

Inc

5

.050

03/15/42

4,953,907‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

233

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MEDIA

&

ENTERTAINMENT—continued

$

3,000,000

g

Medco

Laurel

Tree

Pte

Ltd

6

.950

%

11/12/28

$

2,656,438‌

2,445,000

g

Mexico

Remittances

Funding

Fiduciary

Estate

Management

Sarl

4

.875

01/15/28

2,176,050‌

3,260,000

g

Misc

Capital

Two

Labuan

Ltd

3

.750

04/06/27

2,953,826‌

1,850,000

e,g

Natura

&Co

Luxembourg

Holdings

Sarl

6

.000

04/19/29

1,619,108‌

825,000

g

News

Corp

3

.875

05/15/29

715,597‌

3,500,000

Paramount

Global

6

.375

03/30/62

2,861,282‌

590,000

g

Sirius

XM

Radio,

Inc

3

.125

09/01/26

523,885‌

2,725,000

g

Sirius

XM

Radio,

Inc

4

.000

07/15/28

2,371,567‌

1,575,000

g

Sirius

XM

Radio,

Inc

4

.125

07/01/30

1,299,706‌

800,000

Smithsonian

Institution

0

.974

09/01/23

776,563‌

1,000,000

Smithsonian

Institution

1

.118

09/01/24

941,274‌

1,600,000

Smithsonian

Institution

1

.514

09/01/26

1,415,992‌

1,230,000

Time

Warner

Cable

LLC

5

.875

11/15/40

1,071,609‌

475,000

Time

Warner

Cable

LLC

4

.500

09/15/42

347,750‌

1,275,000

g

Univision

Communications,

Inc

4

.500

05/01/29

1,066,232‌

725,000

g

Univision

Communications,

Inc

7

.375

06/30/30

692,883‌

2,000,000

g

UPC

Broadband

Finco

BV

4

.875

07/15/31

1,663,590‌

515,000

ViacomCBS,

Inc

5

.850

09/01/43

427,649‌

2,000,000

g

VZ

Secured

Financing

BV

5

.000

01/15/32

1,625,243‌

125,000

Walt

Disney

Co

7

.625

11/30/28

141,024‌

1,825,000

Weibo

Corp

3

.375

07/08/30

1,417,806‌

TOTAL

MEDIA

&

ENTERTAINMENT

111,227,827‌

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

1

.0

%

850,000

AbbVie,

Inc

2

.850

05/14/23

843,847‌

2,625,000

AbbVie,

Inc

3

.800

03/15/25

2,558,350‌

8,725,000

AbbVie,

Inc

4

.050

11/21/39

7,468,157‌

625,000

AstraZeneca

Finance

LLC

2

.250

05/28/31

519,876‌

6,000,000

AstraZeneca

plc

1

.375

08/06/30

4,740,157‌

1,500,000

g

Avantor

Funding,

Inc

4

.625

07/15/28

1,362,960‌

2,040,000

g

Avantor

Funding,

Inc

3

.875

11/01/29

1,713,090‌

750,000

Bristol-Myers

Squibb

Co

2

.350

11/13/40

515,651‌

1,700,000

Bristol-Myers

Squibb

Co

3

.550

03/15/42

1,379,802‌

1,090,000

Danaher

Corp

2

.800

12/10/51

720,229‌

450,000

Gilead

Sciences,

Inc

4

.000

09/01/36

396,656‌

3,900,000

Gilead

Sciences,

Inc

2

.800

10/01/50

2,493,406‌

900,000

Johnson

&

Johnson

3

.400

01/15/38

763,889‌

1,325,000

Merck

&

Co,

Inc

2

.750

12/10/51

885,284‌

1,450,000

Mylan,

Inc

4

.550

04/15/28

1,341,365‌

2,000,000

g

Organon

Finance  LLC

4

.125

04/30/28

1,770,800‌

3,150,000

g

Organon

Finance  LLC

5

.125

04/30/31

2,727,523‌

6,950,000

Takeda

Pharmaceutical

Co

Ltd

2

.050

03/31/30

5,672,933‌

600,000

Takeda

Pharmaceutical

Co

Ltd

3

.025

07/09/40

440,314‌

3,000,000

Teva

Pharmaceutical

Finance

Netherlands

III

BV

3

.150

10/01/26

2,623,500‌

1,045,000

Teva

Pharmaceutical

Finance

Netherlands

III

BV

4

.750

05/09/27

944,575‌

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

41,882,364‌

REAL

ESTATE

-

1

.7

%

2,050,000

Agree

LP

2

.000

06/15/28

1,678,604‌

350,000

Alexandria

Real

Estate

Equities,

Inc

3

.950

01/15/27

334,388‌

450,000

Alexandria

Real

Estate

Equities,

Inc

3

.950

01/15/28

422,457‌

1,650,000

Alexandria

Real

Estate

Equities,

Inc

4

.900

12/15/30

1,607,459‌

1,125,000

Alexandria

Real

Estate

Equities,

Inc

1

.875

02/01/33

836,494‌

875,000

American

Tower

Corp

5

.000

02/15/24

871,775‌

1,425,000

American

Tower

Corp

2

.950

01/15/25

1,359,103‌

475,000

American

Tower

Corp

3

.375

10/15/26

444,106‌

1,200,000

American

Tower

Corp

3

.600

01/15/28

1,102,895‌

1,480,000

American

Tower

Corp

3

.800

08/15/29

1,342,616‌

4,100,000

American

Tower

Corp

2

.900

01/15/30

3,472,150‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

234

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

REAL

ESTATE—continued

$

825,000

American

Tower

Corp

2

.100

%

06/15/30

$

653,026‌

1,390,000

American

Tower

Corp

1

.875

10/15/30

1,072,656‌

950,000

Brandywine

Operating

Partnership

LP

4

.100

10/01/24

903,938‌

1,750,000

Brixmor

Operating

Partnership

LP

3

.850

02/01/25

1,679,161‌

350,000

Brixmor

Operating

Partnership

LP

2

.250

04/01/28

288,835‌

400,000

Brixmor

Operating

Partnership

LP

2

.500

08/16/31

305,937‌

775,000

Crown

Castle

International

Corp

3

.650

09/01/27

719,849‌

2,025,000

Crown

Castle

International

Corp

2

.250

01/15/31

1,624,520‌

3,525,000

Crown

Castle

International

Corp

2

.100

04/01/31

2,778,206‌

1,775,000

CubeSmart

LP

2

.250

12/15/28

1,462,886‌

1,850,000

g

Cushman

&

Wakefield

US

Borrower

LLC

6

.750

05/15/28

1,765,566‌

590,000

Equinix,

Inc

2

.150

07/15/30

469,368‌

2,375,000

Essential

Properties

LP

2

.950

07/15/31

1,726,921‌

1,890,000

Essex

Portfolio

LP

3

.000

01/15/30

1,598,316‌

600,000

Federal

Realty

Investment

Trust

1

.250

02/15/26

528,435‌

1,500,000

Healthcare

Realty

Holdings

LP

3

.875

05/01/25

1,432,212‌

1,500,000

Healthcare

Realty

Holdings

LP

3

.625

01/15/28

1,329,961‌

525,000

Healthcare

Realty

Holdings

LP

2

.400

03/15/30

409,684‌

550,000

Healthcare

Realty

Holdings

LP

2

.050

03/15/31

402,050‌

1,225,000

Healthcare

Trust

of

America

Holdings

LP

3

.500

08/01/26

1,140,178‌

3,055,000

Healthcare

Trust

of

America

Holdings

LP

3

.100

02/15/30

2,550,815‌

375,000

Highwoods

Realty

LP

3

.875

03/01/27

348,010‌

725,000

Highwoods

Realty

LP

4

.125

03/15/28

654,790‌

700,000

Highwoods

Realty

LP

4

.200

04/15/29

609,992‌

3,369,000

Highwoods

Realty

LP

2

.600

02/01/31

2,521,585‌

1,225,000

g

Howard

Hughes

Corp

4

.125

02/01/29

1,025,938‌

460,000

Hudson

Pacific

Properties

LP

3

.950

11/01/27

391,399‌

1,075,000

Hudson

Pacific

Properties

LP

4

.650

04/01/29

918,428‌

1,400,000

Kennedy-Wilson,

Inc

4

.750

03/01/29

1,109,566‌

1,475,000

Kennedy-Wilson,

Inc

5

.000

03/01/31

1,110,295‌

1,285,000

Life

Storage

LP

2

.400

10/15/31

988,550‌

1,500,000

Mid-America

Apartments

LP

4

.300

10/15/23

1,491,136‌

1,000,000

Mid-America

Apartments

LP

3

.750

06/15/24

979,233‌

850,000

Mid-America

Apartments

LP

4

.000

11/15/25

826,027‌

3,925,000

Mid-America

Apartments

LP

2

.750

03/15/30

3,337,467‌

1,625,000

Mid-America

Apartments

LP

1

.700

02/15/31

1,266,953‌

1,000,000

Mid-America

Apartments

LP

2

.875

09/15/51

637,328‌

550,000

National

Retail

Properties,

Inc

4

.000

11/15/25

528,462‌

600,000

National

Retail

Properties,

Inc

3

.600

12/15/26

559,623‌

625,000

ProLogis

LP

2

.875

11/15/29

543,792‌

875,000

Regency

Centers

LP

3

.900

11/01/25

831,340‌

425,000

Regency

Centers

LP

3

.600

02/01/27

397,737‌

1,650,000

Regency

Centers

LP

2

.950

09/15/29

1,384,872‌

1,700,000

Retail

Properties

of

America,

Inc

4

.750

09/15/30

1,496,571‌

3,500,000

g

SBA

Tower

Trust

1

.631

11/15/26

2,972,474‌

789,000

g

SBA

Tower

Trust

2

.328

01/15/28

660,447‌

603,000

SITE

Centers

Corp

3

.625

02/01/25

569,107‌

3,820,000

SITE

Centers

Corp

4

.250

02/01/26

3,597,855‌

650,000

SITE

Centers

Corp

4

.700

06/01/27

609,800‌

400,000

Weingarten

Realty

Investors

4

.450

01/15/24

395,073‌

925,000

Weingarten

Realty

Investors

3

.850

06/01/25

889,646‌

300,000

Weingarten

Realty

Investors

3

.250

08/15/26

275,802‌

650,000

Weyerhaeuser

Co

4

.000

03/09/52

490,490‌

TOTAL

REAL

ESTATE

72,734,355‌

RETAILING

-

0

.7

%

400,000

AmeriGas

Partners

LP

5

.875

08/20/26

379,884‌

2,670,000

g

Asbury

Automotive

Group,

Inc

4

.625

11/15/29

2,249,849‌

755,000

g

Asbury

Automotive

Group,

Inc

5

.000

02/15/32

621,138‌

1,800,000

AutoNation,

Inc

3

.800

11/15/27

1,632,586‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

235

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

RETAILING—continued

$

250,000

AutoNation,

Inc

2

.400

%

08/01/31

$

179,753‌

1,950,000

AutoZone,

Inc

1

.650

01/15/31

1,512,896‌

300,000

Chevron

USA,

Inc

3

.900

11/15/24

294,882‌

1,350,000

Genuine

Parts

Co

2

.750

02/01/32

1,083,548‌

3,900,000

g

JSM

Global

Sarl

4

.750

10/20/30

2,598,375‌

1,225,000

g

Kia

Corp

2

.750

02/14/27

1,081,372‌

925,000

g

L

Brands,

Inc

6

.625

10/01/30

868,023‌

800,000

g

LCM

Investments

Holdings

II

LLC

4

.875

05/01/29

640,631‌

2,175,000

g

Lithia

Motors,

Inc

4

.625

12/15/27

1,961,719‌

1,900,000

g

Magic

Mergeco,

Inc

5

.250

05/01/28

1,528,608‌

790,000

O'Reilly

Automotive,

Inc

3

.550

03/15/26

758,675‌

1,400,000

O'Reilly

Automotive,

Inc

3

.600

09/01/27

1,319,418‌

1,225,000

O'Reilly

Automotive,

Inc

4

.200

04/01/30

1,155,796‌

2,200,000

O'Reilly

Automotive,

Inc

1

.750

03/15/31

1,707,227‌

2,000,000

g

Prosus

NV

3

.832

02/08/51

1,208,336‌

5,000,000

g

Staples,

Inc

7

.500

04/15/26

4,303,400‌

550,000

g

Superior

Plus

LP

4

.500

03/15/29

470,250‌

2,550,000

Target

Corp

2

.350

02/15/30

2,164,542‌

TOTAL

RETAILING

29,720,908‌

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0

.5

%

3,736,000

g

Broadcom,

Inc

3

.187

11/15/36

2,683,523‌

8,558,000

g

Broadcom,

Inc

4

.926

05/15/37

7,465,702‌

1,035,000

Intel

Corp

3

.734

12/08/47

775,654‌

700,000

Lam

Research

Corp

3

.750

03/15/26

678,662‌

775,000

Lam

Research

Corp

4

.000

03/15/29

737,967‌

3,595,000

NVIDIA

Corp

2

.000

06/15/31

2,879,324‌

1,425,000

NXP

BV

3

.875

06/18/26

1,353,669‌

1,175,000

NXP

BV

4

.400

06/01/27

1,126,112‌

725,000

NXP

BV

3

.400

05/01/30

626,505‌

1,575,000

NXP

BV

3

.125

02/15/42

1,067,523‌

700,000

Texas

Instruments,

Inc

2

.625

05/15/24

680,746‌

505,000

Texas

Instruments,

Inc

4

.150

05/15/48

446,880‌

2,000,000

TSMC

Arizona

Corp

4

.125

04/22/29

1,899,515‌

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

22,421,782‌

SOFTWARE

&

SERVICES

-

0

.6

%

2,975,000

Adobe,

Inc

2

.300

02/01/30

2,536,690‌

265,000

g

CA

Magnum

Holdings

5

.375

10/31/26

241,475‌

2,135,000

Fiserv,

Inc

3

.500

07/01/29

1,923,460‌

900,000

g

Gartner,

Inc

3

.750

10/01/30

775,771‌

1,413,000

g

j2

Global,

Inc

4

.625

10/15/30

1,195,652‌

1,625,000

Meta

Platforms,

Inc

4

.450

08/15/52

1,291,308‌

3,000,000

Microsoft

Corp

2

.400

08/08/26

2,797,358‌

1,165,000

Microsoft

Corp

3

.300

02/06/27

1,122,693‌

1,149,000

Microsoft

Corp

2

.525

06/01/50

756,098‌

2,270,000

g

NortonLifeLock,

Inc

6

.750

09/30/27

2,224,600‌

565,000

g

Open

Text

Corp

6

.900

12/01/27

565,000‌

2,830,000

g

Open

Text

Corp

3

.875

12/01/29

2,275,852‌

550,000

g

Open

Text

Holdings,

Inc

4

.125

02/15/30

441,191‌

1,300,000

Roper

Technologies,

Inc

1

.400

09/15/27

1,099,744‌

4,100,000

Roper

Technologies,

Inc

2

.000

06/30/30

3,285,722‌

3,525,000

salesforce.com,

Inc

2

.700

07/15/41

2,515,880‌

550,000

Visa,

Inc

2

.700

04/15/40

416,632‌

TOTAL

SOFTWARE

&

SERVICES

25,465,126‌

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0

.7

%

3,000,000

g

Ahead

DB

Holdings

LLC

6

.625

05/01/28

2,411,250‌

1,470,000

Amphenol

Corp

2

.800

02/15/30

1,254,739‌

5,575,000

Apple,

Inc

2

.450

08/04/26

5,170,157‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

236

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

TECHNOLOGY

HARDWARE

&

EQUIPMENT—continued

$

10,350,000

Apple,

Inc

2

.050

%

09/11/26

$

9,447,408‌

1,000,000

Apple,

Inc

3

.850

05/04/43

862,380‌

640,000

Apple,

Inc

4

.650

02/23/46

605,904‌

290,000

Corning,

Inc

4

.375

11/15/57

224,841‌

1,805,000

Dell

International

LLC

5

.300

10/01/29

1,765,294‌

875,000

Flex

Ltd

4

.875

06/15/29

823,343‌

4,125,000

g

Imola

Merger

Corp

4

.750

05/15/29

3,578,906‌

1,500,000

e,g

Lenovo

Group

Ltd

3

.421

11/02/30

1,189,503‌

975,000

g

Sensata

Technologies

BV

4

.000

04/15/29

840,937‌

450,000

Tyco

Electronics

Group

S.A.

3

.700

02/15/26

431,865‌

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

28,606,527‌

TELECOMMUNICATION

SERVICES

-

2

.3

%

3,075,000

g

America

Movil

SAB

de

C.V.

5

.375

04/04/32

2,775,188‌

6,563,000

AT&T,

Inc

2

.550

12/01/33

5,043,729‌

2,085,000

AT&T,

Inc

4

.500

05/15/35

1,895,367‌

1,700,000

AT&T,

Inc

3

.500

06/01/41

1,267,748‌

20,570,000

AT&T,

Inc

3

.550

09/15/55

13,725,202‌

4,917,000

AT&T,

Inc

3

.800

12/01/57

3,392,402‌

5,000,000

g

Bharti

Airtel

Ltd

3

.250

06/03/31

4,226,042‌

3,200,000

g

C&W

Senior

Financing

Designated

Activity

Co

6

.875

09/15/27

2,976,000‌

2,575,000

g

Empresa

Nacional

de

Telecomunicaciones

S.A.

3

.050

09/14/32

2,047,125‌

1,925,000

g

Iliad

Holding

SASU

6

.500

10/15/26

1,785,349‌

2,268,000

g

Millicom

International

Cellular

S.A.

5

.125

01/15/28

2,109,069‌

1,175,000

e,g

Millicom

International

Cellular

S.A.

4

.500

04/27/31

988,314‌

2,150,000

g

MTN

Mauritius

Investment

Ltd

6

.500

10/13/26

2,145,173‌

370,000

Orange

S.A.

5

.375

01/13/42

357,594‌

1,875,000

Telefonica

Emisiones

SAU

4

.103

03/08/27

1,778,948‌

1,150,000

Telefonica

Emisiones

SAU

4

.895

03/06/48

883,815‌

3,000,000

g

Telefonica

Moviles

Chile

S.A.

3

.537

11/18/31

2,457,570‌

800,000

T-Mobile

USA,

Inc

2

.250

02/15/26

727,713‌

10,850,000

T-Mobile

USA,

Inc

2

.625

02/15/29

9,184,859‌

8,650,000

T-Mobile

USA,

Inc

3

.875

04/15/30

7,835,298‌

750,000

T-Mobile

USA,

Inc

3

.000

02/15/41

529,218‌

725,000

T-Mobile

USA,

Inc

4

.500

04/15/50

596,050‌

3,000,000

T-Mobile

USA,

Inc

3

.300

02/15/51

2,002,028‌

950,000

Verizon

Communications,

Inc

1

.680

10/30/30

740,497‌

750,000

Verizon

Communications,

Inc

1

.750

01/20/31

581,879‌

3,050,000

Verizon

Communications,

Inc

2

.550

03/21/31

2,508,194‌

1,158,000

Verizon

Communications,

Inc

2

.355

03/15/32

917,949‌

13,850,000

Verizon

Communications,

Inc

2

.650

11/20/40

9,348,525‌

5,335,000

g

Vmed

O2

UK

Financing

I

plc

4

.750

07/15/31

4,333,887‌

2,850,000

Vodafone

Group

plc

4

.375

02/19/43

2,281,560‌

2,620,000

Vodafone

Group

plc

4

.250

09/17/50

2,009,819‌

6,000,000

Vodafone

Group

plc

4

.125

06/04/81

4,453,268‌

TOTAL

TELECOMMUNICATION

SERVICES

97,905,379‌

TRANSPORTATION

-

0

.6

%

3,600,000

g

Adani

Ports

&

Special

Economic

Zone

Ltd

3

.100

02/02/31

2,639,226‌

3,000,000

g

AerCap

Global

Aviation

6

.500

06/15/45

2,827,863‌

1,800,000

Burlington

Northern

Santa

Fe

LLC

3

.050

02/15/51

1,250,683‌

5,500,000

Canadian

Pacific

Railway

Co

2

.050

03/05/30

4,507,241‌

750,000

Canadian

Pacific

Railway

Co

3

.100

12/02/51

504,219‌

2,750,000

g

Cargo

Aircraft

Management,

Inc

4

.750

02/01/28

2,495,928‌

1,990,000

CSX

Corp

3

.250

06/01/27

1,859,170‌

700,000

CSX

Corp

3

.800

03/01/28

667,604‌

3,295,000

CSX

Corp

4

.250

03/15/29

3,169,402‌

1,000,000

g

DP

World

Ltd

5

.625

09/25/48

936,190‌

3,000,000

g

Grupo

Aeromexico

SAB

de

C.V.

8

.500

03/17/27

2,649,725‌

718,121

g

Lima

Metro

Line

2

Finance

Ltd

4

.350

04/05/36

638,289‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

237

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

TRANSPORTATION—continued

$

1,550,000

Union

Pacific

Corp

2

.891

%

04/06/36

$

1,231,888‌

1,880,000

Union

Pacific

Corp

3

.839

03/20/60

1,452,265‌

TOTAL

TRANSPORTATION

26,829,693‌

UTILITIES

-

3

.3

%

1,525,000

g

Access

Bank

plc

6

.125

09/21/26

1,167,524‌

325,000

AEP

Transmission

Co

LLC

3

.100

12/01/26

304,615‌

350,000

AEP

Transmission

Co

LLC

4

.000

12/01/46

274,868‌

2,285,000

AEP

Transmission

Co

LLC

2

.750

08/15/51

1,448,898‌

1,400,000

g

Aeropuerto

Internacional

de

Tocumen

S.A.

4

.000

08/11/41

1,153,690‌

700,000

Alabama

Power

Co

4

.150

08/15/44

579,260‌

1,350,000

Ameren

Corp

1

.750

03/15/28

1,140,106‌

3,225,000

Ameren

Illinois

Co

5

.900

12/01/52

3,501,897‌

525,000

American

Water

Capital

Corp

3

.000

12/01/26

485,480‌

1,927,000

American

Water

Capital

Corp

2

.800

05/01/30

1,666,151‌

5,000,000

American

Water

Capital

Corp

2

.300

06/01/31

4,100,930‌

500,000

American

Water

Capital

Corp

4

.000

12/01/46

388,635‌

900,000

American

Water

Capital

Corp

3

.750

09/01/47

700,460‌

3,100,000

Atmos

Energy

Corp

1

.500

01/15/31

2,414,403‌

250,000

Atmos

Energy

Corp

4

.125

10/15/44

205,114‌

1,325,000

Baltimore

Gas

&

Electric

Co

3

.750

08/15/47

1,021,806‌

2,250,000

g

Becle

SAB

de

C.V.

2

.500

10/14/31

1,748,250‌

7,100,000

Berkshire

Hathaway

Energy

Co

1

.650

05/15/31

5,495,502‌

925,000

Black

Hills

Corp

4

.250

11/30/23

919,791‌

725,000

CenterPoint

Energy

Houston

Electric

LLC

3

.000

03/01/32

624,786‌

300,000

CenterPoint

Energy

Resources

Corp

6

.250

02/01/37

306,101‌

500,000

g,i

Citrus

Re

Ltd

SOFR

+

5.100%

5

.100

06/07/25

474,150‌

525,000

g

Clearway

Energy

Operating

LLC

4

.750

03/15/28

484,547‌

1,000,000

CMS

Energy

Corp

3

.600

11/15/25

952,416‌

3,050,000

CMS

Energy

Corp

4

.750

06/01/50

2,638,126‌

1,900,000

g

Colbun

S.A.

3

.150

01/19/32

1,600,636‌

200,000

Commonwealth

Edison

Co

5

.900

03/15/36

208,446‌

1,650,000

Commonwealth

Edison

Co

2

.750

09/01/51

1,055,888‌

1,290,000

Consumers

Energy

Co

2

.650

08/15/52

811,118‌

1,750,000

Consumers

Energy

Co

4

.200

09/01/52

1,497,208‌

755,000

Dominion

Energy,

Inc

2

.250

08/15/31

600,736‌

3,375,000

Dominion

Energy,

Inc

3

.300

04/15/41

2,498,063‌

750,000

DTE

Electric

Co

3

.650

03/01/52

579,508‌

250,000

Duke

Energy

Corp

3

.300

06/15/41

181,877‌

875,000

Duke

Energy

Corp

3

.750

09/01/46

649,222‌

5,000,000

Duke

Energy

Florida

LLC

3

.400

10/01/46

3,590,909‌

2,525,000

g

Empresas

Publicas

de

Medellin

ESP

4

.250

07/18/29

2,004,219‌

2,000,000

Enel

Chile

S.A.

4

.875

06/12/28

1,948,997‌

4,900,000

g

EnfraGen

Energia

Sur

S.A.

5

.375

12/30/30

3,429,921‌

3,450,000

g

Eskom

Holdings

SOC

Ltd

8

.450

08/10/28

3,019,723‌

6,775,000

Exelon

Corp

4

.050

04/15/30

6,289,894‌

2,025,000

g

Ferrellgas

Escrow

LLC

5

.375

04/01/26

1,842,035‌

2,225,000

g

Ferrellgas

Escrow

LLC

5

.875

04/01/29

1,829,885‌

1,270,000

Florida

Power

&

Light

Co

3

.990

03/01/49

1,064,741‌

UGX

6,000,000,000

†,g

ICBC

Standard

Bank

plc

14

.250

06/26/34

1,415,129‌

750,000

Indiana

Michigan

Power

Co

3

.750

07/01/47

556,669‌

1,140,000

Indiana

Michigan

Power

Co

3

.250

05/01/51

775,463‌

2,000,000

g

Israel

Electric

Corp

Ltd

4

.250

08/14/28

1,885,000‌

1,250,000

g

Israel

Electric

Corp

Ltd

3

.750

02/22/32

1,093,365‌

1,525,000

g

Kallpa

Generacion

SA

4

.125

08/16/27

1,397,345‌

2,250,000

g

Korea

Electric

Power

Corp

4

.000

06/14/27

2,135,399‌

2,400,000

g

Korea

Southern

Power

Co

Ltd

0

.750

01/27/26

2,104,749‌

775,000

MidAmerican

Energy

Co

3

.650

04/15/29

724,597‌

1,550,000

MidAmerican

Energy

Co

3

.650

08/01/48

1,216,202‌

1,000,000

Nevada

Power

Co

5

.450

05/15/41

954,225‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

238

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

5,440,000

NextEra

Energy

Capital

Holdings,

Inc

2

.250

%

06/01/30

$

4,473,579‌

50,000

g

NextEra

Energy

Operating

Partners

LP

4

.250

09/15/24

46,485‌

8,135,000

NiSource,

Inc

1

.700

02/15/31

6,201,507‌

1,400,000

Northern

States

Power

Co

3

.600

09/15/47

1,078,270‌

1,955,000

g

NRG

Energy,

Inc

2

.450

12/02/27

1,619,825‌

1,350,000

NRG

Energy,

Inc

5

.750

01/15/28

1,267,205‌

500,000

NSTAR

Electric

Co

3

.950

04/01/30

470,022‌

1,550,000

Ohio

Power

Co

4

.150

04/01/48

1,257,476‌

1,365,000

Ohio

Power

Co

4

.000

06/01/49

1,076,461‌

575,000

ONE

Gas,

Inc

3

.610

02/01/24

564,689‌

600,000

g

Pattern

Energy

Operations

LP

4

.500

08/15/28

537,981‌

825,000

PECO

Energy

Co

3

.000

09/15/49

563,063‌

2,325,000

PECO

Energy

Co

2

.800

06/15/50

1,520,894‌

2,000,000

g

Perusahaan

Listrik

Negara

PT

4

.125

05/15/27

1,920,000‌

1,800,000

g

Perusahaan

Listrik

Negara

PT

5

.450

05/21/28

1,782,000‌

1,475,000

†,g

Phosagro

OAO

Via

Phosagro

Bond

Funding

DAC

2

.600

09/16/28

958,750‌

50,000

Potomac

Electric

Power

Co

7

.900

12/15/38

60,174‌

2,500,000

g

Promigas

S.A.

ESP

3

.750

10/16/29

2,033,697‌

4,000,000

Public

Service

Co

of

Colorado

1

.875

06/15/31

3,184,187‌

550,000

Public

Service

Co

of

Colorado

4

.750

08/15/41

482,157‌

1,410,000

Public

Service

Co

of

Colorado

4

.050

09/15/49

1,157,268‌

1,700,000

Public

Service

Electric

and

Gas

Co

4

.900

12/15/32

1,703,044‌

3,200,000

g

Rumo

Luxembourg

Sarl

4

.200

01/18/32

2,560,000‌

1,994,000

g

Saka

Energi

Indonesia

PT

4

.450

05/05/24

1,902,741‌

8,400,000

Sempra

Energy

4

.875

N/A‡

7,767,312‌

2,254,674

g

Solar

Star

Funding

LLC

3

.950

06/30/35

1,935,913‌

1,325,000

Southern

Co

4

.400

07/01/46

1,105,036‌

75,000

Southern

Co

Gas

Capital

Corp

3

.875

11/15/25

72,345‌

625,000

Southern

Co

Gas

Capital

Corp

4

.400

06/01/43

510,701‌

425,000

Southern

Co

Gas

Capital

Corp

3

.950

10/01/46

318,492‌

2,000,000

g

TerraForm

Power

Operating

LLC

4

.750

01/15/30

1,739,997‌

1,569,573

g

UEP

Penonome

II

S.A.

6

.500

10/01/38

1,147,751‌

650,000

Virginia

Electric

&

Power

Co

2

.950

11/15/26

605,720‌

650,000

Virginia

Electric

&

Power

Co

3

.500

03/15/27

614,273‌

775,000

Virginia

Electric

&

Power

Co

3

.800

09/15/47

592,432‌

850,000

Wisconsin

Power

&

Light

Co

4

.100

10/15/44

658,006‌

215,000

Xcel

Energy,

Inc

4

.800

09/15/41

187,845‌

TOTAL

UTILITIES

138,835,973‌

TOTAL

CORPORATE

BONDS

1,665,855,098‌

(Cost

$1,924,844,356)

GOVERNMENT

BONDS

-

37

.4

%

FOREIGN

GOVERNMENT

BONDS

-

2

.6

%

750,000

g

African

Export-Import

Bank

2

.634

05/17/26

674,696‌

2,075,000

g

Angolan

Government

International

Bond

8

.750

04/14/32

1,795,351‌

3,325,000

g

Arab

Petroleum

Investments

Corp

4

.125

09/18/23

3,297,169‌

INR

70,000,000

Asian

Development

Bank

6

.200

10/06/26

820,573‌

550,000

g

Banque

Ouest

Africaine

de

Developpement

5

.000

07/27/27

516,514‌

3,000,000

g

Banque

Ouest

Africaine

de

Developpement

4

.700

10/22/31

2,547,090‌

EUR

1,575,000

g

Banque

Ouest

Africaine

de

Developpement

2

.750

01/22/33

1,268,460‌

287,000

g

Barbados

Government

International

Bond

6

.500

10/01/29

266,049‌

3,660,000

g

Bermuda

Government

International

Bond

4

.750

02/15/29

3,643,272‌

1,500,000

g

BNG

Bank

NV

1

.500

10/16/24

1,418,048‌

1,500,000

Brazilian

Government

International

Bond

4

.750

01/14/50

1,049,161‌

3,575,000

e

Chile

Government

International

Bond

2

.550

01/27/32

2,924,982‌

CNY

3,250,000

China

Government

Bond

3

.270

11/19/30

482,604‌

CNY

3,300,000

China

Government

Bond

3

.810

09/14/50

521,115‌

3,000,000

Colombia

Government

International

Bond

3

.250

04/22/32

2,181,592‌

1,500,000

Colombia

Government

International

Bond

5

.000

06/15/45

1,020,459‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

239

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

$

1,850,000

g

Costa

Rica

Government

International

Bond

5

.625

%

04/30/43

$

1,513,016‌

750,000

g

Development

Bank

of

Japan,

Inc

0

.500

03/04/24

711,941‌

DOP

160,000,000

g

Dominican

Republic

Government

International

Bond

12

.000

03/05/32

2,765,187‌

2,250,000

g

Dominican

Republic

Government

International

Bond

4

.875

09/23/32

1,867,637‌

3,725,000

g

Dominican

Republic

Government

International

Bond

6

.500

02/15/48

3,063,894‌

170,283

g

Ecuador

Government

International

Bond

0

.000

07/31/30

66,505‌

928,125

g

Ecuador

Government

International

Bond

(Step

Bond)

5

.000

07/31/30

596,384‌

650,162

g

Ecuador

Government

International

Bond

(Step

Bond)

1

.000

07/31/35

298,904‌

EUR

1,400,000

g

Egypt

Government

International

Bond

5

.625

04/16/30

1,035,733‌

1,500,000

g

Egypt

Government

International

Bond

7

.053

01/15/32

1,094,421‌

2,475,000

g

Egypt

Government

International

Bond

8

.500

01/31/47

1,645,133‌

2,250,000

g

Egypt

Government

International

Bond

8

.875

05/29/50

1,516,338‌

1,200,000

g

El

Salvador

Government

International

Bond

7

.625

02/01/41

463,586‌

256,254

†

European

Bank

for

Reconstruction

&

Development

10

.000

02/28/23

213,048‌

1,375,000

g

Export-Import

Bank

of

India

3

.875

02/01/28

1,271,175‌

2,625,000

g

Export-Import

Bank

of

India

2

.250

01/13/31

2,059,943‌

2,200,000

†,g

Ghana

Government

International

Bond

8

.125

03/26/32

787,270‌

1,200,000

g

Guatemala

Government

Bond

6

.125

06/01/50

1,127,715‌

875,000

g

Guatemala

Government

International

Bond

4

.375

06/05/27

826,907‌

725,000

g

Hungary

Government

International

Bond

5

.250

06/16/29

692,791‌

425,000

g

Hungary

Government

International

Bond

2

.125

09/22/31

315,742‌

225,000

Indonesia

Government

International

Bond

3

.550

03/31/32

203,408‌

1,900,000

g

Indonesia

Government

International

Bond

4

.625

04/15/43

1,689,621‌

1,615,625

g

Iraq

Government

International

Bond

5

.800

01/15/28

1,487,258‌

EUR

125,000

g

Ivory

Coast

Government

International

Bond

4

.875

01/30/32

105,655‌

940,417

g

Ivory

Coast

Government

International

Bond

(Step

Bond)

5

.750

12/31/32

887,326‌

3,025,000

Jamaica

Government

International

Bond

8

.000

03/15/39

3,533,937‌

2,500,000

g

Japan

Finance

Organization

for

Municipalities

3

.000

03/12/24

2,441,903‌

950,000

g

Jordan

Government

International

Bond

4

.950

07/07/25

908,881‌

2,500,000

g

Kenya

Government

International

Bond

7

.000

05/22/27

2,231,863‌

575,000

g

Kenya

Government

International

Bond

6

.300

01/23/34

442,531‌

1,560,000

g

Kommunalbanken

AS.

2

.750

02/05/24

1,524,377‌

MYR

3,800,000

Malaysia

Government

Bond

3

.828

07/05/34

835,142‌

MXN

18,000,000

Mexican

Bonos

5

.750

03/05/26

835,502‌

MXN

16,300,000

Mexican

Bonos

8

.500

11/18/38

791,416‌

525,000

e

Mexico

Government

International

Bond

3

.250

04/16/30

457,353‌

1,859,000

Mexico

Government

International

Bond

6

.050

01/11/40

1,803,189‌

3,000,000

Mexico

Government

International

Bond

4

.280

08/14/41

2,313,067‌

500,000

g

Mongolia

Government

International

Bond

5

.125

04/07/26

427,878‌

1,025,000

g

Morocco

Government

International

Bond

3

.000

12/15/32

817,568‌

2,575,000

g

Morocco

Government

International

Bond

5

.500

12/11/42

2,204,762‌

525,000

g

Morocco

Government

International

Bond

4

.000

12/15/50

359,454‌

300,000

g

Nigeria

Government

International

Bond

6

.500

11/28/27

241,530‌

850,000

g

Nigeria

Government

International

Bond

8

.375

03/24/29

703,488‌

1,250,000

g

Nigeria

Government

International

Bond

7

.375

09/28/33

890,554‌

1,500,000

g

Oman

Government

International

Bond

7

.375

10/28/32

1,630,488‌

400,000

g

Oman

Sovereign

Sukuk

Co

4

.875

06/15/30

388,312‌

450,000

g

Pakistan

Global

Sukuk

Programme

Co

Ltd

7

.950

01/31/29

234,621‌

1,800,000

Panama

Bonos

del

Tesoro

3

.362

06/30/31

1,449,000‌

1,475,000

g

Paraguay

Government

International

Bond

5

.400

03/30/50

1,271,000‌

990,000

Philippine

Government

International

Bond

4

.200

03/29/47

843,147‌

1,836,781

g

Provincia

de

Buenos

Aires

(Step

Bond)

3

.900

09/01/37

633,689‌

2,600,000

g

Qatar

Government

International

Bond

4

.400

04/16/50

2,382,481‌

5,000,000

Republic

of

Italy

Government

International

Bond

4

.000

10/17/49

3,533,668‌

UZS

5,320,000,000

g

Republic

of

Uzbekistan

Bond

14

.500

11/25/23

458,528‌

2,150,000

g

Republic

of

Uzbekistan

International

Bond

4

.750

02/20/24

2,100,916‌

UZS

5,708,925,000

g

Republic

of

Uzbekistan

International

Bond

14

.000

07/19/24

476,090‌

1,820,000

g

Romanian

Government

International

Bond

3

.000

02/27/27

1,612,530‌

1,000,000

g

Romanian

Government

International

Bond

5

.250

11/25/27

960,491‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

240

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

$

1,425,000

g

Romanian

Government

International

Bond

4

.000

%

02/14/51

$

941,487‌

3,150,000

g

Rwanda

International

Government

Bond

5

.500

08/09/31

2,382,811‌

2,000,000

g

Saudi

Government

International

Bond

3

.750

01/21/55

1,580,976‌

1,225,000

g

Serbia

International

Bond

2

.125

12/01/30

880,547‌

1,500,000

South

Africa

Government

International

Bond

4

.300

10/12/28

1,334,929‌

ZAR

9,000,000

South

Africa

Government

International

Bond

7

.000

02/28/31

427,353‌

ZAR

9,300,000

South

Africa

Government

International

Bond

8

.750

01/31/44

426,844‌

2,150,000

e

South

Africa

Government

International

Bond

5

.375

07/24/44

1,613,791‌

2,400,000

State

of

Israel

3

.800

05/13/60

1,864,904‌

THB

18,500,000

Thailand

Government

International

Bond

2

.875

12/17/28

556,755‌

THB

18,500,000

Thailand

Government

International

Bond

3

.300

06/17/38

537,641‌

2,500,000

g

Turkiye

Ihracat

Kredi

Bankasi

AS.

5

.750

07/06/26

2,276,989‌

1,250,000

g

Ukraine

Government

International

Bond

6

.876

05/21/31

231,250‌

EUR

850,000

g

Ukraine

Government

International

Bond

4

.375

01/27/32

142,873‌

1,500,000

†,g

Zambia

Government

International

Bond

8

.500

04/14/24

675,000‌

TOTAL

FOREIGN

GOVERNMENT

BONDS

110,347,179‌

MORTGAGE

BACKED

-

20

.2

%

2,795,000

g,i

Connecticut

Avenue

Securities

Trust

5

.828

12/25/41

2,658,330‌

3,000,000

g,i

Connecticut

Avenue

Securities

Trust

8

.428

01/25/42

2,848,370‌

8,355,000

g,i

Connecticut

Avenue

Securities

Trust

6

.349

03/25/42

8,713,881‌

7,210,000

g,i

Connecticut

Avenue

Securities

Trust

7

.028

03/25/42

7,193,168‌

12,900,000

g,i

Connecticut

Avenue

Securities

Trust

7

.778

05/25/42

13,185,681‌

8,255,000

g,i

Connecticut

Avenue

Securities

Trust

8

.594

06/25/42

8,664,876‌

5,225,406

Federal

Home

Loan

Mortgage

Corp

(FHLMC)

4

.500

11/01/37

5,191,015‌

1,472,801

i

FHLMC

LIBOR

1

M

+

5.920%

1

.602

03/15/44

129,252‌

3,133,475

i

FHLMC

LIBOR

1

M

+

9.920%

3

.011

06/15/48

2,928,329‌

2,248,625

i

FHLMC

LIBOR

1

M

+

9.840%

2

.931

10/15/48

2,046,186‌

40,088,161

FHLMC

3

.000

11/01/49

35,745,315‌

7,806,496

FHLMC

2

.000

09/25/50

919,211‌

14,992,599

FHLMC

2

.500

02/25/51

2,370,984‌

6,174,586

FHLMC

3

.000

11/01/51

5,510,763‌

3,951,339

FHLMC

3

.000

11/01/51

3,512,272‌

772,743

FHLMC

3

.000

11/01/51

692,475‌

1,104,027

FHLMC

3

.000

11/01/51

985,334‌

15,356,524

FHLMC

2

.000

02/01/52

12,585,770‌

16,187,091

FHLMC

2

.500

02/01/52

13,800,278‌

14,307,582

FHLMC

2

.500

03/01/52

12,197,834‌

1,494,847

FHLMC

3

.000

04/01/52

1,318,565‌

7,541,637

h

FHLMC

3

.500

05/01/52

6,858,421‌

459,588

FHLMC

3

.500

06/01/52

419,460‌

7,030,315

FHLMC

4

.500

06/01/52

6,767,081‌

6,745,146

FHLMC

4

.500

07/01/52

6,492,740‌

1,362,483

FHLMC

4

.000

08/25/52

1,165,448‌

349

Federal

Home

Loan

Mortgage

Corp

Gold

(FGLMC)

8

.000

01/01/31

349‌

116,936

FGLMC

7

.000

12/01/33

121,463‌

21,182

FGLMC

4

.500

10/01/34

20,894‌

31,965

FGLMC

7

.000

05/01/35

32,898‌

1,055,205

FGLMC

5

.000

06/01/36

1,078,809‌

435,728

FGLMC

4

.500

10/01/44

426,037‌

68,053

FGLMC

4

.500

11/01/44

66,930‌

107,021

FGLMC

4

.500

11/01/44

105,288‌

65,230

FGLMC

4

.500

12/01/44

64,084‌

89,260

FGLMC

4

.500

12/01/44

87,788‌

561,414

FGLMC

3

.500

04/01/45

524,097‌

2,114,603

FGLMC

3

.500

08/01/45

1,972,010‌

1,185,327

FGLMC

3

.500

10/01/45

1,104,640‌

1,376,037

FGLMC

4

.500

06/01/47

1,363,566‌

1,419,227

FGLMC

4

.000

09/01/47

1,357,562‌

1,513,802

FGLMC

3

.500

12/01/47

1,408,301‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

241

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

8,468,230

FGLMC

4

.500

%

08/01/48

$

8,372,230‌

458

Federal

National

Mortgage

Association

(FNMA)

9

.000

11/01/25

462‌

7,423

FNMA

7

.000

05/01/26

7,442‌

23,583

FNMA

7

.000

07/25/26

23,731‌

737

FNMA

7

.500

01/01/29

748‌

376

FNMA

7

.500

02/01/30

384‌

107,878

FNMA

6

.500

12/01/31

109,705‌

243,682

FNMA

6

.000

04/01/32

246,335‌

1,096,968

FNMA

3

.500

05/01/32

1,071,249‌

137,096

FNMA

7

.000

07/01/32

143,345‌

31,209

FNMA

7

.000

07/01/32

32,190‌

49,257

FNMA

7

.000

07/01/32

50,507‌

1,278,809

FNMA

3

.500

11/01/32

1,229,843‌

31,537

FNMA

4

.500

10/01/33

31,119‌

22,923

FNMA

6

.000

03/01/34

23,017‌

1,396,910

FNMA

5

.000

05/01/35

1,426,546‌

7,371

FNMA

5

.000

06/25/35

7,350‌

811,221

FNMA

5

.000

10/01/35

828,439‌

610,301

FNMA

5

.000

02/01/36

622,127‌

771,181

FNMA

6

.500

08/01/37

796,712‌

41,010

FNMA

6

.000

09/01/37

41,636‌

6,236,822

FNMA

3

.500

10/01/37

5,966,395‌

10,617,611

FNMA

4

.000

11/01/37

10,362,420‌

572,253

FNMA

5

.500

11/01/38

593,424‌

432,463

FNMA

5

.500

03/01/39

447,026‌

443,571

FNMA

6

.000

09/01/39

458,744‌

5,771,478

FNMA

3

.000

05/01/40

5,239,662‌

1,943,656

FNMA

3

.500

05/01/40

1,814,683‌

205,691

FNMA

5

.000

09/01/40

208,289‌

382,757

FNMA

5

.000

05/01/41

387,592‌

12,276,029

FNMA

2

.000

03/01/42

10,347,734‌

2,551,183

FNMA

4

.000

09/01/42

2,444,385‌

365,591

†,i

FNMA

2

.590

12/25/42

169,860‌

2,203,509

i

FNMA

LIBOR

1

M

+

5.950%

1

.561

09/25/43

219,119‌

685,176

FNMA

4

.500

02/01/44

672,468‌

157,698

FNMA

4

.500

03/01/44

156,331‌

606,148

FNMA

4

.500

06/01/44

594,842‌

1,764,332

FNMA

4

.500

10/01/44

1,733,720‌

481,949

FNMA

5

.000

11/01/44

489,759‌

470,984

FNMA

4

.000

01/01/45

450,017‌

186,035

FNMA

4

.500

03/01/45

182,758‌

1,353,968

FNMA

3

.500

05/01/45

1,265,341‌

625,919

FNMA

3

.500

01/01/46

581,890‌

422,035

FNMA

4

.000

04/01/46

403,343‌

299,967

FNMA

3

.500

06/01/46

278,558‌

3,363,205

FNMA

3

.500

07/01/46

3,123,521‌

4,234,017

FNMA

3

.500

07/01/46

3,961,664‌

75,262

FNMA

3

.000

08/01/46

67,294‌

1,567,295

FNMA

3

.000

10/01/46

1,387,959‌

1,169,112

FNMA

3

.500

10/01/46

1,085,306‌

1,521,928

FNMA

4

.500

05/01/47

1,508,738‌

1,203,119

FNMA

3

.500

11/01/47

1,123,982‌

10,228,060

FNMA

3

.500

01/01/48

9,508,073‌

5,164,714

FNMA

4

.500

01/01/48

5,085,551‌

1,071,041

FNMA

4

.500

02/01/48

1,055,842‌

4,260,273

FNMA

4

.500

03/01/48

4,197,402‌

3,699,274

FNMA

4

.500

05/01/48

3,648,872‌

2,578,356

FNMA

4

.500

05/01/48

2,543,227‌

1,938,826

FNMA

5

.000

08/01/48

1,951,497‌

1,274

FNMA

3

.000

05/01/49

1,109‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

242

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

5,401,288

FNMA

2

.000

%

08/25/50

$

763,405‌

14,029,849

FNMA

2

.500

11/25/50

2,041,374‌

4,616,506

FNMA

3

.000

12/25/50

726,816‌

85,617

FNMA

3

.000

02/25/51

17,488‌

32,055,546

FNMA

2

.000

04/01/51

26,173,591‌

3,522,433

FNMA

3

.000

09/01/51

3,133,222‌

5,195,197

FNMA

2

.500

11/25/51

704,374‌

4,609,567

FNMA

2

.000

01/01/52

3,803,116‌

463,559

FNMA

3

.000

01/01/52

409,399‌

14,570,394

FNMA

2

.000

02/01/52

11,901,538‌

12,808,888

FNMA

2

.500

02/01/52

10,920,094‌

2,066,807

FNMA

2

.500

02/01/52

1,759,805‌

13,433,730

FNMA

2

.500

02/01/52

11,452,894‌

16,781,818

FNMA

3

.500

02/01/52

15,392,568‌

1,787,222

FNMA

3

.000

04/01/52

1,576,045‌

11,080,363

FNMA

3

.000

04/01/52

9,769,112‌

2,366,466

FNMA

3

.000

04/01/52

2,086,837‌

24,838,110

FNMA

3

.000

04/01/52

21,909,039‌

963,449

FNMA

3

.500

04/01/52

875,573‌

12,318,632

FNMA

3

.500

05/01/52

11,195,147‌

28,749,377

FNMA

4

.000

05/01/52

26,979,987‌

11,824,680

FNMA

3

.500

06/01/52

10,778,370‌

11,414,970

FNMA

4

.000

06/01/52

10,707,699‌

3,494,420

FNMA

4

.500

06/01/52

3,363,173‌

4,429,440

FNMA

3

.500

07/01/52

4,025,434‌

3,913,219

FNMA

4

.000

07/01/52

3,670,749‌

22,287,250

FNMA

4

.000

07/01/52

20,913,198‌

3,017,116

FNMA

4

.500

07/01/52

2,904,533‌

1,905,129

FNMA

4

.500

07/01/52

1,835,206‌

18,310,323

FNMA

4

.500

07/01/52

17,625,647‌

28,615,565

FNMA

5

.000

08/01/52

28,219,832‌

2,200,805

FNMA

4

.500

08/25/52

1,943,038‌

17,463,277

h

FNMA

4

.000

09/01/52

16,381,201‌

51,278,048

h

FNMA

4

.500

09/01/52

49,359,275‌

6,799,482

FNMA

5

.000

09/01/52

6,705,450‌

1,682,244

FNMA

4

.000

09/25/52

1,472,445‌

1,955,862

FNMA

4

.000

09/25/52

1,738,809‌

17,015,312

FNMA

4

.000

10/01/52

15,961,005‌

4,910,987

FNMA

5

.000

10/01/52

4,843,072‌

1,607,955

FNMA

4

.500

10/25/52

1,528,495‌

1,835,495

FNMA

4

.500

10/25/52

1,753,054‌

2,896,369

FNMA

5

.500

11/25/52

2,868,964‌

10,030,391

FNMA

5

.500

12/01/52

10,057,314‌

300,000

g,i

Freddie

Mac

STACR

REMIC

Trust

5

.428

10/25/41

285,366‌

3,600,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.328

10/25/41

3,366,297‌

1,735,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.428

03/25/42

1,723,089‌

12,290,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.278

05/25/42

12,372,693‌

1,560,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.478

08/25/42

1,549,416‌

6,335,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.628

09/25/42

6,469,182‌

1,285,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

6

.228

08/25/33

1,271,313‌

3,530,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

6

.647

11/25/41

3,289,759‌

12,025,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

6

.328

02/25/42

11,710,658‌

12,500,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

8

.428

06/25/42

13,087,798‌

6,035,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

7

.928

07/25/42

6,091,208‌

56,560

Government

National

Mortgage

Association

(GNMA)

5

.000

02/15/33

56,709‌

87,953

GNMA

5

.000

09/15/33

89,286‌

3,414,344

GNMA

3

.700

10/15/33

3,271,499‌

9,619

GNMA

5

.500

04/15/34

9,839‌

10,364

GNMA

5

.000

04/15/38

10,521‌

605,751

GNMA

4

.500

02/20/41

604,566‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

243

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

4,059,521

GNMA

2

.500

%

12/20/43

$

3,636,910‌

883,467

GNMA

4

.500

12/20/45

868,121‌

2,522,647

GNMA

4

.000

06/20/46

348,533‌

3,281,100

i

GNMA

LIBOR

1

M

+

6.100%

1

.747

03/20/50

382,039‌

2,216,554

GNMA

2

.500

02/20/52

1,835,682‌

1,226,605

GNMA

2

.500

05/20/52

1,062,672‌

30,903,124

GNMA

3

.000

05/20/52

27,517,089‌

19,679,596

GNMA

3

.500

07/20/52

18,082,660‌

2,135,234

GNMA

4

.000

07/20/52

1,809,886‌

4,884,313

GNMA

4

.000

08/20/52

4,622,240‌

13,722,262

GNMA

4

.500

08/20/52

13,316,595‌

6,083,752

GNMA

4

.000

09/20/52

5,757,318‌

3,339,909

GNMA

4

.500

09/20/52

3,021,285‌

3,261,417

GNMA

4

.500

09/20/52

3,053,118‌

2,695,094

GNMA

4

.500

09/20/52

2,526,343‌

4,222,783

h

GNMA

5

.000

11/20/52

4,185,364‌

4,339,011

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

03/25/52

3,336,347‌

3,411,494

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

03/25/52

2,943,152‌

2,557,552

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

05/01/52

2,204,592‌

3,865,417

g,i

GS

Mortgage-Backed

Securities

Trust

3

.000

08/26/52

3,119,591‌

1,181,448

g,i

J.P.

Morgan

Mortgage

Trust

2

.927

05/25/52

893,752‌

2,377,862

g,i

J.P.

Morgan

Mortgage

Trust

3

.000

09/25/52

1,975,312‌

2,415,327

g,i

J.P.

Morgan

Mortgage

Trust

3

.000

11/25/52

2,024,479‌

3,061,007

g,i

J.P.

Morgan

Mortgage

Trust

3

.000

12/25/52

2,447,522‌

6,429,872

g,i

JP

Morgan

Mortgage

Trust

2

.500

07/25/52

4,976,072‌

2,395,632

g,i

JP

Morgan

Mortgage

Trust

3

.250

07/25/52

2,045,639‌

6,692,085

g,i

JP

Morgan

Mortgage

Trust

3

.000

08/25/52

5,467,519‌

4,365,394

g,i

JP

Morgan

Mortgage

Trust

3

.000

10/25/52

3,484,506‌

2,415,327

g,i

JP

Morgan

Mortgage

Trust

3

.000

11/25/52

1,931,249‌

TOTAL

MORTGAGE

BACKED

851,801,442‌

MUNICIPAL

BONDS

-

0

.1

%

3,000,000

†,g,q

Oregon

State

Business

Development

Commission

6

.500

04/01/31

219,000‌

780,000

†,g

Oregon

State

Business

Development

Commission

9

.000

04/01/37

56,940‌

4,195,000

Virgin

Islands

Water

&

Power

Authority-Electric

System

10

.000

07/01/24

4,167,989‌

TOTAL

MUNICIPAL

BONDS

4,443,929‌

U.S.

TREASURY

SECURITIES

-

14

.5

%

3,715,000

United

States

Treasury

Note

0

.125

01/31/23

3,703,804‌

4,795,000

United

States

Treasury

Note

0

.125

02/28/23

4,763,014‌

550,000

United

States

Treasury

Note

0

.125

05/31/23

540,182‌

2,650,000

United

States

Treasury

Note

2

.500

04/30/24

2,574,641‌

30,000

United

States

Treasury

Note

0

.375

07/15/24

28,103‌

9,420,000

United

States

Treasury

Note

3

.250

08/31/24

9,223,505‌

5,565,000

United

States

Treasury

Note

4

.250

12/31/24

5,545,653‌

5,395,000

United

States

Treasury

Note

2

.875

06/15/25

5,214,394‌

17,185,000

United

States

Treasury

Note

4

.000

12/15/25

17,074,909‌

17,065,000

United

States

Treasury

Note

3

.875

12/31/27

16,971,009‌

1,100,000

United

States

Treasury

Note

1

.375

10/31/28

949,480‌

20,520,000

United

States

Treasury

Note

4

.000

10/31/29

20,526,412‌

25,000,000

United

States

Treasury

Note

3

.875

12/31/29

24,857,422‌

115,557,400

United

States

Treasury

Note

4

.125

11/15/32

117,922,715‌

9,700,000

United

States

Treasury

Note

1

.875

02/15/41

6,855,930‌

22,630,000

United

States

Treasury

Note

2

.250

05/15/41

17,012,279‌

40,800,000

United

States

Treasury

Note

1

.750

08/15/41

27,920,906‌

15,500,000

United

States

Treasury

Note

2

.000

11/15/41

11,067,363‌

154,896,900

United

States

Treasury

Note

2

.375

02/15/42

118,266,203‌

1,823,000

United

States

Treasury

Note

3

.250

05/15/42

1,598,258‌

49,996,000

e

United

States

Treasury

Note

4

.000

11/15/42

48,949,209‌

132,510,000

United

States

Treasury

Note

2

.250

02/15/52

92,146,211‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

244

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

U.S.

TREASURY

SECURITIES—continued

$

72,647,000

United

States

Treasury

Note

3

.000

%

08/15/52

$

59,854,317‌

TOTAL

U.S.

TREASURY

SECURITIES

613,565,919‌

TOTAL

GOVERNMENT

BONDS

1,580,158,469‌

(Cost

$1,743,234,973)

STRUCTURED

ASSETS

-

17

.5

%

ASSET

BACKED

-

6

.7

%

1,102,986

†,g

AASET

Trust

6

.413

01/16/40

11‌

Series

-

2020

1A

(Class

C)

6,251,277

g

Adams

Outdoor

Advertising

LP

4

.810

11/15/48

5,926,127‌

Series

-

2018

1

(Class

A)

6,500,000

g

Adams

Outdoor

Advertising

LP

7

.356

11/15/48

5,818,859‌

Series

-

2018

1

(Class

C)

2,500,000

g

Affirm

Asset

Securitization

Trust

2

.540

08/17/26

2,239,405‌

Series

-

2021

B

(Class

D)

1,500,000

g

Affirm

Asset

Securitization

Trust

4

.610

08/17/26

1,275,785‌

Series

-

2021

B

(Class

E)

3,000,000

g,i

AGL

CLO

19

Ltd

4

.908

07/21/35

2,959,647‌

Series

-

2022

19A

(Class

B1)

3,100,000

g

AMSR

Trust

3

.218

04/17/37

2,833,983‌

Series

-

2020

SFR1

(Class

E)

2,625,000

g

AMSR

Trust

3

.247

01/19/39

2,307,527‌

Series

-

2019

SFR1

(Class

D)

9,000,000

g,i

Apidos

CLO

XXIV

LIBOR

3

M

+

1.350%

5

.593

10/20/30

8,645,679‌

Series

-

2016

24A

(Class

A2LX)

1,000,000

g,i

Apidos

CLO

XXIX

LIBOR

3

M

+

1.550%

5

.908

07/25/30

965,102‌

Series

-

2018

29A

(Class

A2)

5,027,890

g

Apollo

aviation

securitization

2

.798

01/15/47

4,046,821‌

Series

-

2021

2A

(Class

A)

1,994,850

g

Applebee's

Funding

LLC

4

.194

06/05/49

1,960,116‌

Series

-

2019

1A

(Class

A2I)

1,712,700

g

Applebee's

Funding

LLC

4

.723

06/05/49

1,560,813‌

Series

-

2019

1A

(Class

A2II)

1,910,000

g

Avis

Budget

Rental

Car

Funding

AESOP

LLC

4

.240

09/22/25

1,822,198‌

Series

-

2019

2A

(Class

C)

3,100,000

g

Avis

Budget

Rental

Car

Funding

AESOP

LLC

2

.130

08/20/27

2,576,862‌

Series

-

2021

1A

(Class

C)

6,575,000

g

Avis

Budget

Rental

Car

Funding

AESOP

LLC

4

.080

02/20/28

5,257,004‌

Series

-

2021

2A

(Class

D)

1,000,000

g,i

Bonanza

RE

Ltd

U.S.

Treasury

Bill

3

M

+

4.750%

9

.090

12/23/24

850,000‌

Series

-

2020

A

(Class

A)

2,625,000

g,i

Boyce

Park

Clo

Ltd

SOFR

+

3.100%

7

.088

04/21/35

2,384,154‌

Series

-

2022

1A

(Class

D)

1,612,625

g

BRE

Grand

Islander

Timeshare

Issuer

LLC

3

.280

09/26/33

1,514,547‌

Series

-

2019

A

(Class

A)

585,555

g

British

Airways

Pass

Through

Trust

8

.375

11/15/28

574,530‌

Series

-

2020

A

(Class

A)

2,158,183

g

British

Airways

Pass

Through

Trust

3

.800

09/20/31

1,944,862‌

Series

-

2018

1

(Class

AA)

805,803

g

British

Airways

Pass

Through

Trust

4

.250

11/15/32

720,819‌

Series

-

2020

A

(Class

A)

5,100,000

g

Capital

Automotive

REIT

4

.520

02/15/50

4,403,274‌

Series

-

2020

1A

(Class

B2)

3,165,377

g

Capital

Automotive

REIT

1

.920

08/15/51

2,715,793‌

Series

-

2021

1A

(Class

A3)

2,475,000

g

Cars

Net

Lease

Mortgage

Notes

Series

3

.100

12/15/50

2,158,020‌

Series

-

2020

1A

(Class

A3)

2,500,000

g

Cars

Net

Lease

Mortgage

Notes

Series

4

.690

12/15/50

2,132,668‌

Series

-

2020

1A

(Class

B1)

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

245

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

1,250,000

g,i

Cayuga

Park

CLO

Ltd

LIBOR

3

M

+

6.000%

1

.000

%

07/17/34

$

1,104,533‌

Series

-

2020

1A

(Class

ER)

575,037

i

C-BASS

Trust

LIBOR

1

M

+

0.160%

3

.039

07/25/36

543,422‌

Series

-

2006

CB6

(Class

A1)

6,451,318

†,g,i

CBRE

Realty

Finance

LIBOR

3

M

+

0.300%

0

.438

04/07/52

16,128‌

Series

-

2007

1A

(Class

A2)

9,040

Centex

Home

Equity

5

.540

01/25/32

8,831‌

Series

-

2002

A

(Class

AF6)

6,358,113

g

CF

Hippolyta

LLC

2

.280

07/15/60

5,549,212‌

Series

-

2020

1

(Class

B1)

2,833,902

g

CF

Hippolyta

LLC

2

.600

07/15/60

2,234,124‌

Series

-

2020

1

(Class

B2)

10,230,995

g

CF

Hippolyta

LLC

1

.530

03/15/61

8,846,540‌

Series

-

2021

1A

(Class

A1)

8,565,484

g

CF

Hippolyta

LLC

1

.980

03/15/61

7,141,446‌

Series

-

2021

1A

(Class

B1)

4,375,000

g,i

CIFC

Funding

LIBOR

3

M

+

1.450%

5

.529

04/15/34

4,208,597‌

Series

-

2021

2A

(Class

B)

1,500,000

g,i

CIFC

Funding

Ltd

LIBOR

3

M

+

2.300%

6

.379

01/17/35

1,418,689‌

Series

-

2014

4RA

(Class

BR)

3,360,000

g

Cologix

Data

Centers

US

Issuer

LLC

3

.300

12/26/51

2,935,779‌

Series

-

2021

1A

(Class

A2)

18,308

Countrywide

Asset-Backed

Certificates

(Step

Bond)

5

.216

10/25/27

14,647‌

Series

-

2002

S4

(Class

A5)

9,850,000

g

Crescendo

Royalty

Funding

LP

3

.567

12/20/51

8,652,639‌

Series

-

2021

1

(Class

A)

4,339,238

g

DB

Master

Finance

LLC

4

.021

05/20/49

4,024,014‌

Series

-

2019

1A

(Class

A2II)

3,144,375

g

DB

Master

Finance

LLC

4

.352

05/20/49

2,866,991‌

Series

-

2019

1A

(Class

A23)

2,351,250

g

DB

Master

Finance

LLC

2

.045

11/20/51

2,006,956‌

Series

-

2021

1A

(Class

A2I)

6,831,000

g

DB

Master

Finance

LLC

2

.493

11/20/51

5,614,583‌

Series

-

2021

1A

(Class

A2II)

1,000,304

g

Diamond

Resorts

Owner

Trust

2

.700

11/21/33

911,036‌

Series

-

2021

1A

(Class

C)

520,992

g

Diamond

Resorts

Owner

Trust

3

.830

11/21/33

479,215‌

Series

-

2021

1A

(Class

D)

4,624,800

g

Domino's

Pizza

Master

Issuer

LLC

4

.474

10/25/45

4,407,180‌

Series

-

2015

1A

(Class

A2II)

1,536,000

g

Domino's

Pizza

Master

Issuer

LLC

4

.116

07/25/48

1,453,948‌

Series

-

2018

1A

(Class

A2I)

2,419,313

g

Driven

Brands

Funding

LLC

3

.786

07/20/50

2,075,078‌

Series

-

2020

1A

(Class

A2)

2,898,375

g

Driven

Brands

Funding

LLC

3

.237

01/20/51

2,396,440‌

Series

-

2020

2A

(Class

A2)

634,696

g,i

Ellington

Loan

Acquisition

Trust

LIBOR

1

M

+

1.100%

5

.489

05/25/37

623,485‌

Series

-

2007

2

(Class

A2C)

2,238,750

g

EWC

Master

Issuer

LLC

5

.500

03/15/52

2,051,772‌

Series

-

2022

1A

(Class

A2)

2,110,000

g

Flexential

Issuer,

LLC

3

.250

11/27/51

1,839,443‌

Series

-

2021

1A

(Class

A2)

775,000

g,i

GRACIE

POINT

INTERNATIONAL

FUNDING

9

.545

07/01/24

775,112‌

Series

-

2022

2A

(Class

D)

1,550,000

g,i

GRACIE

POINT

INTERNATIONAL

FUNDING

11

.045

07/01/24

1,550,222‌

Series

-

2022

2A

(Class

E)

251,369

g

HERO

Funding

Trust

3

.280

09/20/48

232,494‌

Series

-

2017

2A

(Class

A1)

502,738

g

HERO

Funding

Trust

4

.070

09/20/48

468,055‌

Series

-

2017

2A

(Class

A2)

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

246

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

5,025,000

g

Hertz

Vehicle

Financing

LLC

2

.050

%

12/26/25

$

4,526,547‌

Series

-

2021

1A

(Class

C)

5,000,000

g

Hertz

Vehicle

Financing

LLC

3

.980

12/26/25

4,520,246‌

Series

-

2021

1A

(Class

D)

3,750,000

g

HIFI

A2

3

.939

02/01/62

3,359,082‌

Series

-

2022

1A

(Class

A2)

362,067

g

Hilton

Grand

Vacations

Trust

2

.660

12/26/28

356,377‌

Series

-

2017

AA

(Class

A)

603,445

g

Hilton

Grand

Vacations

Trust

2

.960

12/26/28

589,464‌

Series

-

2017

AA

(Class

B)

633,999

g

Hilton

Grand

Vacations

Trust

4

.000

02/25/32

603,983‌

Series

-

2018

AA

(Class

C)

1,529,727

g

Hilton

Grand

Vacations

Trust

2

.840

07/25/33

1,413,097‌

Series

-

2019

AA

(Class

C)

28,639

i

Home

Equity

Asset

Trust

LIBOR

1

M

+

1.500%

3

.986

06/25/33

27,979‌

Series

-

2003

1

(Class

M1)

1,983,623

g

Horizon

Aircraft

Finance

II

Ltd

3

.721

07/15/39

1,560,375‌

Series

-

2019

1

(Class

A)

7,785,722

g

Horizon

Aircraft

Finance

III

Ltd

3

.425

11/15/39

6,002,845‌

Series

-

2019

2

(Class

A)

3,000,000

†,g

Industrial

DPR

Funding

Ltd

5

.380

04/15/34

2,528,310‌

Series

-

2022

1A

(Class

1)

499,977

g,i

Invitation

Homes

Trust

LIBOR

1

M

+

1.250%

5

.589

01/17/38

491,552‌

Series

-

2018

SFR4

(Class

B)

1,000,000

g,i

Kendall

Re

Ltd

U.S.

Treasury

Bill

3

M

+

4.000%

4

.040

05/02/24

895,100‌

Series

-

2020

A

(Class

A)

2,623,415

g

Lunar

Structured

Aircraft

Portfolio

Notes

5

.682

10/15/46

2,023,625‌

Series

-

2021

1

(Class

C)

4,000,000

g,i

Madison

Park

Funding

LIX

Ltd

LIBOR

3

M

+

2.100%

6

.294

01/18/34

3,815,948‌

Series

-

2021

59A

(Class

C)

1,000,000

g,i

Madison

Park

Funding

XXXVI

Ltd

SOFR

3M

+

3.500%

5

.981

04/15/35

947,718‌

Series

-

2019

36A

(Class

D1R)

3,500,000

g,i

Magnetite

XXIII

Ltd

LIBOR

3

M

+

2.050%

6

.408

01/25/35

3,281,943‌

Series

-

2019

23A

(Class

CR)

1,000,000

g,i

Magnetite

XXIII

Ltd

LIBOR

3

M

+

6.300%

7

.484

01/25/35

904,640‌

Series

-

2019

23A

(Class

ER)

2,236,918

g

MAPS

Trust

2

.521

06/15/46

1,856,045‌

Series

-

2021

1A

(Class

A)

2,053,500

g

MAPS

Trust

5

.437

06/15/46

1,287,021‌

Series

-

2021

1A

(Class

C)

492,240

Mid-State

Capital

Trust

5

.745

01/15/40

482,703‌

Series

-

2005

1

(Class

A)

800,000

g,i

MSCG

Trust

3

.462

06/07/35

676,008‌

Series

-

2015

ALDR

(Class

C)

4,310,000

g,i

MSCG

Trust

3

.462

06/07/35

3,488,027‌

Series

-

2015

ALDR

(Class

D)

1,414,456

g

MVW

LLC

2

.230

05/20/39

1,251,208‌

Series

-

2021

2A

(Class

C)

773,833

g

MVW

Owner

Trust

3

.900

01/21/36

744,215‌

Series

-

2018

1A

(Class

C)

791,017

g

MVW

Owner

Trust

3

.330

11/20/36

731,164‌

Series

-

2019

1A

(Class

C)

1,180,000

g,i

Myers

Park

CLO

Ltd

LIBOR

3

M

+

1.600%

5

.843

10/20/30

1,143,217‌

Series

-

2018

1A

(Class

B1)

1,500,000

g

NBC

Funding

LLC

4

.970

07/30/51

1,284,501‌

Series

-

2021

1

(Class

B)

1,000,000

g,i

Neuberger

Berman

CLO

Ltd

7

.260

04/25/36

911,864‌

Series

-

2022

48A

(Class

D)

2,000,000

g,i

Neuberger

Berman

Loan

Advisers

CLO

31

Ltd

LIBOR

3

M

+

6.500%

10

.743

04/20/31

1,862,066‌

Series

-

2019

31A

(Class

ER)

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

247

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

1,000,000

g

Oak

Street

Investment

Grade

Net

Lease

Fund

Series

4

.230

%

01/20/51

$

887,281‌

Series

-

2021

1A

(Class

B1)

19,493

Oakwood

Mortgage

Investors,

Inc

5

.410

11/15/32

19,437‌

Series

-

2002

C

(Class

A1)

950,000

g

Oportun

Funding

XIV

LLC

3

.440

03/08/28

875,077‌

Series

-

2021

A

(Class

C)

500,000

g

Oportun

Funding

XIV

LLC

5

.400

03/08/28

445,367‌

Series

-

2021

A

(Class

D)

1,000,000

g,i

Palmer

Square

CLO

Ltd

LIBOR

3

M

+

2.950%

5

.462

01/15/35

945,120‌

Series

-

2021

3A

(Class

D)

2,500,000

g,i

Palmer

Square

CLO

Ltd

SOFR

3M

+

3.050%

7

.013

04/20/35

2,305,625‌

Series

-

2022

1A

(Class

D)

600,000

g

Progress

Residential

Trust

2

.711

11/17/40

465,738‌

Series

-

2021

SFR9

(Class

D)

1,000,000

g

Purchasing

Power

Funding

LLC

4

.370

10/15/25

948,050‌

Series

-

2021

A

(Class

D)

6,437,627

g

Purewest

Funding

LLC

4

.091

12/22/36

6,103,525‌

Series

-

2021

1

(Class

A1)

14,063

†,g,i

Putnam

RE

PTE

Ltd

9

.837

06/07/24

1‌

Series

-

2020

A

(Class

A)

1,250,000

g

Regional

Management

Issuance

Trust

3

.040

03/17/31

1,049,964‌

Series

-

2021

1

(Class

C)

800,000

g

Regional

Management

Issuance

Trust

5

.070

03/17/31

655,329‌

Series

-

2021

1

(Class

D)

500,000

g,i

Residential

Reinsurance

2021

Ltd

U.S.

Treasury

Bill

3

M

+

2.500%

6

.842

06/06/25

439,450‌

Series

-

2020

A

(Class

A)

500,000

g,i

Residential

Reinsurance

2021

Ltd

U.S.

Treasury

Bill

3

M

+

3.590%

7

.932

06/06/25

434,350‌

Series

-

2020

A

(Class

A)

2,400,000

g,i

Sanders

RE

II

Ltd

U.S.

Treasury

Bill

3

M

+

3.250%

3

.250

04/07/25

2,232,000‌

Series

-

2020

A

(Class

A)

3,308,666

g

Settlement

Fee

Finance

LLC

3

.840

11/01/49

3,184,447‌

Series

-

2019

1A

(Class

A)

485,000

g

Sierra

Timeshare

Receivables

Funding

LLC

3

.650

06/20/35

466,990‌

Series

-

2018

2A

(Class

B)

242,226

g

Sierra

Timeshare

Receivables

Funding

LLC

4

.540

05/20/36

227,060‌

Series

-

2019

2A

(Class

D)

1,914,150

g

Sierra

Timeshare

Receivables

Funding

LLC

1

.790

11/20/37

1,749,821‌

Series

-

2021

1A

(Class

C)

267,703

†,g

SolarCity

LMC

4

.800

11/20/38

253,140‌

Series

-

2013

1

(Class

A)

5,875,000

g

Stack

Infrastructure

Issuer

LLC

1

.877

03/26/46

5,073,887‌

Series

-

2021

1A

(Class

A2)

2,800,061

g

START

Ireland

5

.095

03/15/44

1,894,205‌

Series

-

2019

1

(Class

B)

4,745

i

Structured

Asset

Investment

Loan

Trust

LIBOR

1

M

+

0.900%

5

.289

09/25/34

4,613‌

Series

-

2004

8

(Class

M1)

7,182,000

g

Taco

Bell

Funding

LLC

4

.970

05/25/46

6,888,716‌

Series

-

2016

1A

(Class

A23)

3,840,000

g

Taco

Bell

Funding

LLC

4

.940

11/25/48

3,591,544‌

Series

-

2018

1A

(Class

A2II)

4,598,550

g

Taco

Bell

Funding

LLC

1

.946

08/25/51

3,885,881‌

Series

-

2021

1A

(Class

A2I)

4,870,800

g

Taco

Bell

Funding

LLC

2

.294

08/25/51

3,913,045‌

Series

-

2021

1A

(Class

A2II)

2,500,000

g,i

TCW

CLO

Ltd

LIBOR

3

M

+

6.860%

6

.985

07/25/34

2,208,953‌

Series

-

2021

2A

(Class

E)

475,000

g

Tricon

American

Homes

Trust

2

.049

07/17/38

417,019‌

Series

-

2020

SFR1

(Class

B)

4,045,568

United

Airlines

Pass

Through

Trust

3

.700

03/01/30

3,370,581‌

Series

-

2018

1

(Class

A)

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

248

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

450,000

g,i

Ursa

Re

II

Ltd

U.S.

Treasury

Bill

3

M

+

3.940%

8

.277

%

12/07/23

$

438,525‌

Series

-

2020

A

(Class

AA)

5,995,119

g

Vine

2

.790

11/15/50

4,985,966‌

Series

-

2020

1A

(Class

A)

1,819,458

g

Vine

6

.420

11/15/50

1,583,014‌

Series

-

2020

1A

(Class

C)

3,200,000

g,i

Vitality

Re

X

Ltd

U.S.

Treasury

Bill

3

M

+

1.750%

6

.087

01/10/23

3,199,680‌

Series

-

2020

A

(Class

A)

2,000,000

g,i

Vitality

Re

XII

Ltd

U.S.

Treasury

Bill

3

M

+

2.250%

6

.587

01/07/25

1,840,000‌

Series

-

2020

A

(Class

A)

3,165,216

g

Vivint

Colar

Financing

V

LLC

7

.370

04/30/48

2,903,539‌

Series

-

2018

1A

(Class

B)

6,650,000

g

Wendys

Funding

LLC

3

.884

03/15/48

5,989,974‌

Series

-

2018

1A

(Class

A2II)

5,722,850

g

Wendy's

Funding

LLC

2

.370

06/15/51

4,620,194‌

Series

-

2021

1A

(Class

A2I)

TOTAL

ASSET

BACKED

280,109,195‌

OTHER

MORTGAGE

BACKED

-

10

.8

%

173,232

g,i

Agate

Bay

Mortgage

Trust

3

.500

09/25/45

154,409‌

Series

-

2015

6

(Class

A9)

27,486

Alternative

Loan

Trust

5

.250

11/25/33

26,495‌

Series

-

2003

J3

(Class

1A3)

1,500,000

g,i

Ashford

Hospitality

Trust

LIBOR

1

M

+

1.850%

6

.168

06/15/35

1,427,779‌

Series

-

2018

KEYS

(Class

C)

1,500,000

i

BANK

3

.952

11/15/50

1,281,462‌

Series

-

2017

BNK8

(Class

B)

3,750,000

g

BANK

2

.500

10/17/52

2,398,216‌

Series

-

2019

BN21

(Class

D)

1,000,000

BANK

3

.093

10/17/52

836,237‌

Series

-

2019

BN21

(Class

AS)

1,000,000

BANK

3

.455

12/15/52

797,498‌

Series

-

2019

BN23

(Class

B)

1,669,965

g,i

Bayview

MSR

Opportunity

Master

Fund

Trust

3

.000

10/25/51

1,335,272‌

Series

-

2021

6

(Class

A19)

4,500,000

g,i

BBCMS

Mortgage

Trust

4

.267

08/05/38

2,927,446‌

Series

-

2018

CHRS

(Class

E)

1,769,000

g,i

Benchmark

Mortgage

Trust

2

.791

09/15/48

1,410,006‌

Series

-

2020

IG2

(Class

AM)

2,800,000

g,i

Benchmark

Mortgage

Trust

3

.132

09/15/48

2,271,519‌

Series

-

2020

IG3

(Class

AS)

5,000,000

g,i

Benchmark

Mortgage

Trust

3

.536

09/15/48

4,214,889‌

Series

-

2020

IG3

(Class

BXA)

1,100,000

Benchmark

Mortgage

Trust

4

.267

03/15/52

1,010,772‌

Series

-

2019

B9

(Class

AS)

3,600,000

i

Benchmark

Mortgage

Trust

4

.510

05/15/53

3,488,883‌

Series

-

2018

B7

(Class

A4)

9,100,000

g

Benchmark

Mortgage

Trust

4

.139

07/15/53

7,370,000‌

Series

-

2020

B18

(Class

AGNF)

6,500,000

i

Benchmark

Mortgage

Trust

2

.563

02/15/54

4,390,954‌

Series

-

2021

B23

(Class

C)

9,167,390

g,i

BX

Commercial

Mortgage

Trust

LIBOR

1

M

+

1.034%

5

.370

10/15/36

9,060,599‌

Series

-

2019

XL

(Class

A)

4,500,000

g,i

BXP

Trust

2

.775

01/15/44

2,827,885‌

Series

-

2021

601L

(Class

D)

1,800,000

i

CD

Mortgage

Trust

3

.879

11/10/49

1,529,333‌

Series

-

2016

CD2

(Class

B)

1,000,000

i

CD

Mortgage

Trust

3

.980

11/10/49

806,330‌

Series

-

2016

CD2

(Class

C)

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

249

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

1,400,000

i

CD

Mortgage

Trust

4

.547

%

02/10/50

$

1,071,027‌

Series

-

2017

CD3

(Class

C)

221,212

g,i

CF

Mortgage

Trust

2

.840

04/15/25

211,930‌

Series

-

2020

P1

(Class

A1)

10,000,000

g,i

CF

Mortgage

Trust

3

.603

04/15/52

9,166,990‌

Series

-

2020

P1

(Class

A2)

5,000,000

i

CFCRE

Commercial

Mortgage

Trust

3

.502

11/10/49

4,473,766‌

Series

-

2016

C6

(Class

AM)

127,338

Citicorp

Mortgage

Securities,

Inc

5

.500

07/25/35

117,892‌

Series

-

2005

4

(Class

1A7)

3,400,000

g,i

Citigroup

Commercial

Mortgage

Trust

LIBOR

1

M

+

1.900%

6

.218

10/15/36

3,204,824‌

Series

-

2021

PRM2

(Class

D)

2,000,000

i

Citigroup

Commercial

Mortgage

Trust

4

.134

04/10/46

1,982,395‌

Series

-

2013

GC11

(Class

C)

1,129,262

g,i

Citigroup

Commercial

Mortgage

Trust

4

.481

07/10/47

1,018,015‌

Series

-

2014

GC23

(Class

D)

2,600,000

i

Citigroup

Commercial

Mortgage

Trust

3

.758

04/10/48

2,390,532‌

Series

-

2015

GC29

(Class

B)

1,650,000

i

Citigroup

Commercial

Mortgage

Trust

4

.140

04/10/48

1,485,939‌

Series

-

2015

GC29

(Class

C)

2,717,806

Citigroup

Commercial

Mortgage

Trust

4

.233

04/10/49

2,477,658‌

Series

-

2016

GC37

(Class

B)

1,020,000

Citigroup

Commercial

Mortgage

Trust

3

.018

08/10/56

854,181‌

Series

-

2019

GC41

(Class

AS)

1,091,000

g,i

COMM

Mortgage

Trust

4

.869

08/10/46

1,061,756‌

Series

-

2013

CR10

(Class

C)

1,000,000

g,i

COMM

Mortgage

Trust

5

.009

08/10/46

977,831‌

Series

-

2013

LC13

(Class

B)

3,000,000

g,i

COMM

Mortgage

Trust

5

.254

08/10/46

2,776,963‌

Series

-

2013

LC13

(Class

D)

7,075,000

i

COMM

Mortgage

Trust

4

.590

02/10/47

6,808,255‌

Series

-

2014

CR14

(Class

B)

5,000,000

COMM

Mortgage

Trust

4

.199

03/10/47

4,854,416‌

Series

-

2014

UBS2

(Class

AM)

1,120,000

COMM

Mortgage

Trust

4

.174

05/10/47

1,082,370‌

Series

-

2014

CR17

(Class

AM)

506,300

COMM

Mortgage

Trust

4

.377

05/10/47

478,627‌

Series

-

2014

CR17

(Class

B)

5,150,000

g,i

COMM

Mortgage

Trust

4

.767

06/10/47

4,634,414‌

Series

-

2014

UBS3

(Class

D)

3,307,500

i

COMM

Mortgage

Trust

4

.456

07/15/47

3,138,474‌

Series

-

2014

CR18

(Class

B)

3,250,000

g,i

COMM

Mortgage

Trust

4

.697

08/10/47

2,924,550‌

Series

-

2014

CR19

(Class

D)

2,500,000

g

COMM

Mortgage

Trust

3

.000

03/10/48

1,962,815‌

Series

-

2015

CR22

(Class

E)

2,600,000

g,i

COMM

Mortgage

Trust

4

.070

03/10/48

2,241,992‌

Series

-

2015

CR22

(Class

D)

3,340,500

i

COMM

Mortgage

Trust

4

.070

03/10/48

3,044,408‌

Series

-

2015

CR22

(Class

C)

2,500,000

i

COMM

Mortgage

Trust

4

.301

05/10/48

2,106,530‌

Series

-

2015

CR23

(Class

D)

2,500,000

i

COMM

Mortgage

Trust

3

.463

08/10/48

2,041,699‌

Series

-

2015

CR24

(Class

D)

2,500,000

i

COMM

Mortgage

Trust

4

.344

08/10/48

2,315,137‌

Series

-

2015

CR24

(Class

B)

3,000,000

i

COMM

Mortgage

Trust

4

.344

08/10/48

2,697,851‌

Series

-

2015

CR24

(Class

C)

3,175,000

i

COMM

Mortgage

Trust

4

.467

10/10/48

2,864,412‌

Series

-

2015

CR26

(Class

C)

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

250

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

935,000

g,i

Connecticut

Avenue

Securities

Trust

5

.478

%

10/25/41

$

911,854‌

Series

-

2021

R01

(Class

1M2)

2,800,000

g,i

Connecticut

Avenue

Securities

Trust

7

.228

11/25/41

2,592,487‌

Series

-

2021

R02

(Class

2B1)

5,245,000

g,i

Connecticut

Avenue

Securities

Trust

7

.428

03/25/42

5,317,868‌

Series

-

2022

R03

(Class

1M2)

550,000

g,i

Connecticut

Avenue

Securities

Trust

6

.014

04/25/42

533,526‌

Series

-

2022

R05

(Class

2B1)

2,475,000

g,i

Connecticut

Avenue

Securities

Trust

6

.928

04/25/42

2,400,163‌

Series

-

2022

R05

(Class

2M2)

3,565,000

g,i

Connecticut

Avenue

Securities

Trust

SOFR

+

3.600%

7

.528

07/25/42

3,541,060‌

Series

-

2022

R08

(Class

1M2)

4,900,000

g,i

Connecticut

Avenue

Securities

Trust

8

.694

09/25/42

5,006,702‌

Series

-

2022

R09

(Class

2M2)

24,216

Countrywide

Alternative

Loan

Trust

5

.000

12/25/56

22,843‌

Series

-

2005

6CB

(Class

2A1)

315,287

i

Countrywide

Home

Loan

Mortgage

Pass

Through

Trust

3

.866

11/20/34

291,436‌

Series

-

2004

HYB6

(Class

A2)

19,705

Countrywide

Home

Loan

Mortgage

Pass

Through

Trust

5

.250

09/25/35

16,671‌

Series

-

2005

17

(Class

1A10)

5,000,000

g,i

CPT

Mortgage

Trust

2

.997

11/13/39

3,346,356‌

Series

-

2019

CPT

(Class

E)

2,133,267

g,i

Credit

Suisse

Mortgage

Capital

Certificates

2

.405

10/25/66

1,743,253‌

Series

-

2021

NQM8

(Class

A3)

3,340,000

CSAIL

Commercial

Mortgage

Trust

3

.505

04/15/50

3,197,072‌

Series

-

2015

C1

(Class

A4)

1,799,583

g,i

CSMC

2

.130

05/25/65

1,260,741‌

Series

-

2021

NQM1

(Class

M1)

1,850,000

g,i

CSMC

Series

3

.388

10/25/59

1,522,262‌

Series

-

2019

NQM1

(Class

M1)

5,065,000

DBJPM

3

.539

05/10/49

4,620,511‌

Series

-

2016

C1

(Class

AM)

3,400,000

g,i

ELP

Commercial

Mortgage

Trust

LIBOR

1

M

+

2.118%

6

.436

11/15/38

3,137,326‌

Series

-

2021

ELP

(Class

E)

1,999,960

g,i

EQUS

Mortgage

Trust

LIBOR

1

M

+

2.300%

6

.618

10/15/38

1,841,501‌

Series

-

2021

EQAZ

(Class

E)

2,477,666

Federal

Home

Loan

Mortgage

Corp

(FHLMC)

4

.500

10/25/52

2,233,595‌

Series

-

2022

5262

(Class

EZ)

2,941,782

FHLMC

5

.500

11/25/52

2,983,912‌

Series

-

2022

5270

(Class

CZ)

880,265

g,i

Flagstar

Mortgage

Trust

4

.035

10/25/47

760,837‌

Series

-

2017

2

(Class

B3)

52,819

g,i

Flagstar

Mortgage

Trust

4

.000

09/25/48

50,032‌

Series

-

2018

5

(Class

A11)

1,341,249

g,i

Flagstar

Mortgage

Trust

2

.500

04/25/51

1,031,311‌

Series

-

2021

2

(Class

A4)

1,780,793

g,i

Flagstar

Mortgage

Trust

2

.500

06/01/51

1,369,285‌

Series

-

2021

4

(Class

A21)

8,882,583

g,i

Flagstar

Mortgage

Trust

3

.000

10/25/51

7,102,342‌

Series

-

2021

10INV

(Class

A17)

3,370,000

g,i

Freddie

Mac

STACR

REMIC

Trust

6

.428

01/25/42

3,053,901‌

Series

-

2022

DNA1

(Class

M2)

6,610,000

g,i

Freddie

Mac

STACR

REMIC

Trust

6

.828

04/25/42

6,540,966‌

Series

-

2022

DNA3

(Class

M1B)

3,846,000

g,i

GS

Mortgage

Securities

Trust

4

.285

02/10/46

3,835,893‌

Series

-

2013

GC10

(Class

C)

2,250,000

i

GS

Mortgage

Securities

Trust

3

.990

10/10/49

1,935,645‌

Series

-

2016

GS3

(Class

C)

3,725,000

i

GS

Mortgage

Securities

Trust

3

.954

11/10/49

3,148,790‌

Series

-

2016

GS4

(Class

C)

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

251

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

2,000,000

g

GS

Mortgage

Securities

Trust

3

.000

%

08/10/50

$

1,502,401‌

Series

-

2017

GS7

(Class

D)

3,800,000

i

GS

Mortgage

Securities

Trust

4

.158

02/10/52

3,403,028‌

Series

-

2019

GC38

(Class

AS)

1,500,000

i

GS

Mortgage

Securities

Trust

4

.761

02/10/52

1,245,488‌

Series

-

2019

GC38

(Class

C)

1,000,000

i

GS

Mortgage

Securities

Trust

3

.405

02/13/53

797,418‌

Series

-

2020

GC45

(Class

B)

3,000,000

GS

Mortgage

Securities

Trust

2

.012

12/12/53

2,358,516‌

Series

-

2020

GSA2

(Class

A5)

150,297

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

4

.000

11/25/49

142,212‌

Series

-

2019

PJ2

(Class

A4)

57,542

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

4

.000

11/25/49

54,447‌

Series

-

2019

PJ2

(Class

A1)

355,922

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.500

07/25/50

300,908‌

Series

-

2020

PJ2

(Class

A4)

263,999

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.000

01/25/51

216,871‌

Series

-

2020

PJ4

(Class

A4)

205,398

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.000

03/27/51

169,347‌

Series

-

2020

PJ5

(Class

A4)

1,061,508

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

2

.500

05/25/51

828,529‌

Series

-

2020

PJ6

(Class

A4)

2,810,901

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

2

.500

10/25/51

2,161,354‌

Series

-

2021

PJ5

(Class

A4)

3,935,763

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.000

06/25/52

3,146,961‌

Series

-

2022

PJ2

(Class

A36)

277,867

g,i

GS

Mortgage-Backed

Securities

Trust

3

.625

05/25/50

229,590‌

Series

-

2020

PJ1

(Class

B2)

1,267,817

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

07/25/51

988,913‌

Series

-

2021

PJ2

(Class

A4)

7,523,947

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

11/25/51

5,785,303‌

Series

-

2021

PJ6

(Class

A4)

8,854,866

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

01/25/52

6,808,671‌

Series

-

2021

PJ7

(Class

A4)

4,427,046

g,i

GS

Mortgage-Backed

Securities

Trust

2

.500

01/25/52

3,404,038‌

Series

-

2021

PJ8

(Class

A4)

2,336,896

g,i

GS

Mortgage-Backed

Securities

Trust

3

.000

07/25/52

1,868,537‌

Series

-

2022

INV1

(Class

A4)

3,933,790

g,i

GS

Mortgage-Backed

Securities

Trust

3

.000

09/25/52

3,145,383‌

Series

-

2022

HP1

(Class

A4)

2,702,784

g,i

GS

Mortgage-Backed

Securities

Trust

3

.000

10/25/52

2,161,094‌

Series

-

2022

PJ5

(Class

A36)

215,870

g

GSMPS

Mortgage

Loan

Trust

7

.500

03/25/35

204,761‌

Series

-

2005

RP2

(Class

1A2)

205,849

g

GSMPS

Mortgage

Loan

Trust

7

.500

09/25/35

196,314‌

Series

-

2005

RP3

(Class

1A2)

280,376

GSR

Mortgage

Loan

Trust

6

.000

01/25/35

248,546‌

Series

-

2005

1F

(Class

3A3)

1,159,537

i

HarborView

Mortgage

Loan

Trust

LIBOR

1

M

+

0.620%

4

.959

08/19/45

1,044,318‌

Series

-

2005

11

(Class

2A1A)

3,000,000

g,i

Hudson

Yards

Mortgage

Trust

3

.443

07/10/39

2,277,049‌

Series

-

2019

30HY

(Class

D)

2,000,000

g,i

Hudson

Yards

Mortgage

Trust

2

.943

12/10/41

1,447,079‌

Series

-

2019

55HY

(Class

D)

1,750,000

g,i

Hudson

Yards

Mortgage

Trust

2

.943

12/10/41

1,185,750‌

Series

-

2019

55HY

(Class

F)

67,489

i

Impac

CMB

Trust

LIBOR

1

M

+

0.660%

5

.049

03/25/35

63,006‌

Series

-

2004

11

(Class

2A1)

774,432

g,i

Imperial

Fund

Mortgage

Trust

2

.051

10/25/55

687,128‌

Series

-

2020

NQM1

(Class

A3)

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

252

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

440,000

g,i

Imperial

Fund

Mortgage

Trust

3

.531

%

10/25/55

$

357,385‌

Series

-

2020

NQM1

(Class

M1)

4,810,000

g,i

Imperial

Fund

Mortgage

Trust

2

.383

06/25/56

2,954,897‌

Series

-

2021

NQM1

(Class

M1)

32,806

i

JP

Morgan

Alternative

Loan

Trust

LIBOR

1

M

+

0.560%

4

.949

04/25/47

31,158‌

Series

-

2007

S1

(Class

A1)

1,700,000

g,i

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

4

.122

01/15/46

1,632,526‌

Series

-

2013

C13

(Class

D)

2,140,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

2

.822

08/15/49

1,954,873‌

Series

-

2016

JP2

(Class

A4)

5,000,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

3

.379

09/15/50

4,811,185‌

Series

-

2017

JP7

(Class

A3)

198,044

i

JP

Morgan

Mortgage

Trust

4

.191

11/25/33

189,251‌

Series

-

2006

A2

(Class

5A3)

1,585,102

g,i

JP

Morgan

Mortgage

Trust

LIBOR

1

M

-

0.000%

4

.694

12/25/44

1,492,873‌

Series

-

2015

1

(Class

B1)

70,431

g,i

JP

Morgan

Mortgage

Trust

3

.500

05/25/45

63,396‌

Series

-

2015

3

(Class

A19)

366,334

g,i

JP

Morgan

Mortgage

Trust

3

.500

10/25/45

320,269‌

Series

-

2015

6

(Class

A13)

182,759

g,i

JP

Morgan

Mortgage

Trust

3

.500

05/25/46

162,978‌

Series

-

2016

1

(Class

A13)

208,785

g,i

JP

Morgan

Mortgage

Trust

3

.500

05/25/47

182,812‌

Series

-

2017

2

(Class

A13)

547,045

g,i

JP

Morgan

Mortgage

Trust

3

.500

09/25/48

453,413‌

Series

-

2018

3

(Class

A13)

217,154

g,i

JP

Morgan

Mortgage

Trust

3

.500

10/25/48

177,681‌

Series

-

2018

4

(Class

A13)

986,050

g,i

JP

Morgan

Mortgage

Trust

3

.500

10/25/48

831,423‌

Series

-

2018

5

(Class

A13)

746,533

g,i

JP

Morgan

Mortgage

Trust

3

.211

10/26/48

702,557‌

Series

-

2017

5

(Class

A2)

883,187

g,i

JP

Morgan

Mortgage

Trust

3

.890

12/25/48

719,476‌

Series

-

2018

6

(Class

B4)

107,557

g,i

JP

Morgan

Mortgage

Trust

4

.000

01/25/49

99,236‌

Series

-

2018

8

(Class

A13)

139,375

g,i

JP

Morgan

Mortgage

Trust

4

.000

02/25/49

128,177‌

Series

-

2018

9

(Class

A13)

247,275

g,i

JP

Morgan

Mortgage

Trust

4

.000

05/25/49

232,079‌

Series

-

2019

1

(Class

A15)

48,111

g,i

JP

Morgan

Mortgage

Trust

4

.000

05/25/49

45,155‌

Series

-

2019

1

(Class

A3)

459,600

g,i

JP

Morgan

Mortgage

Trust

LIBOR

1

M

+

0.950%

4

.994

10/25/49

452,244‌

Series

-

2019

INV1

(Class

A11)

2,419,050

g,i

JP

Morgan

Mortgage

Trust

3

.841

06/25/50

1,958,182‌

Series

-

2020

1

(Class

B2)

4,219,076

g,i

JP

Morgan

Mortgage

Trust

2

.500

10/25/51

3,244,126‌

Series

-

2021

6

(Class

A15)

2,375,317

g,i

JP

Morgan

Mortgage

Trust

2

.500

11/25/51

1,826,426‌

Series

-

2021

7

(Class

A15)

2,762,874

g,i

JP

Morgan

Mortgage

Trust

2

.500

12/25/51

2,124,426‌

Series

-

2021

8

(Class

A15)

1,065,981

g,i

JP

Morgan

Mortgage

Trust

2

.500

12/25/51

819,653‌

Series

-

2021

10

(Class

A15)

4,071,891

g,i

JP

Morgan

Mortgage

Trust

2

.500

01/25/52

3,130,953‌

Series

-

2021

11

(Class

A15)

1,165,373

g,i

JP

Morgan

Mortgage

Trust

2

.500

02/25/52

896,077‌

Series

-

2021

12

(Class

A15)

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

253

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

2,188,870

g,i

JP

Morgan

Mortgage

Trust

3

.350

%

04/25/52

$

1,656,588‌

Series

-

2021

INV6

(Class

B1)

1,400,877

g,i

JP

Morgan

Mortgage

Trust

3

.350

04/25/52

1,044,289‌

Series

-

2021

INV6

(Class

B2)

1,766,803

g,i

JP

Morgan

Mortgage

Trust

2

.500

05/25/52

1,358,527‌

Series

-

2021

14

(Class

A15)

5,961,778

g,i

JP

Morgan

Mortgage

Trust

2

.500

06/25/52

4,584,122‌

Series

-

2021

15

(Class

A15)

1,695,639

g,i

JP

Morgan

Mortgage

Trust

3

.000

08/25/52

1,355,800‌

Series

-

2022

2

(Class

A25)

4,421,447

g,i

JP

Morgan

Mortgage

Trust

3

.500

09/25/52

3,880,761‌

Series

-

2022

LTV2

(Class

A6)

370,509

JPMBB

Commercial

Mortgage

Securities

Trust

3

.657

09/15/47

362,545‌

Series

-

2014

C23

(Class

ASB)

1,550,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.482

09/15/47

1,385,606‌

Series

-

2014

C23

(Class

C)

1,688,355

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.482

09/15/47

1,571,787‌

Series

-

2014

C23

(Class

B)

5,000,000

JPMBB

Commercial

Mortgage

Securities

Trust

3

.634

02/15/48

4,725,601‌

Series

-

2015

C27

(Class

AS)

3,500,000

JPMBB

Commercial

Mortgage

Securities

Trust

4

.106

08/15/48

3,277,855‌

Series

-

2015

C31

(Class

AS)

6,000,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.622

08/15/48

5,542,830‌

Series

-

2015

C31

(Class

B)

2,500,000

g,i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.236

03/17/49

2,115,657‌

Series

-

2016

C1

(Class

D1)

5,000,000

JPMDB

Commercial

Mortgage

Securities

Trust

2

.536

05/13/53

3,909,514‌

Series

-

2020

COR7

(Class

AS)

10,000,000

g

Liberty

Street

Trust

3

.597

02/10/36

9,124,094‌

Series

-

2016

225L

(Class

A)

340,266

Master

Alternative

Loan

Trust

7

.000

01/25/34

338,690‌

Series

-

2004

1

(Class

3A1)

906,556

g

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

4

.384

12/15/46

836,929‌

Series

-

2014

C19

(Class

LNC2)

3,682,000

i

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2014

C19

4

.000

12/15/47

3,411,904‌

Series

-

2014

C19

(Class

B)

2,000,000

i

Morgan

Stanley

Capital

I

Trust

3

.779

05/15/48

1,913,981‌

Series

-

2015

MS1

(Class

A4)

132,584

†,i

Morgan

Stanley

Capital

I

Trust

6

.079

12/12/49

66,789‌

Series

-

2007

IQ16

(Class

AJFX)

300,000

Morgan

Stanley

Capital

I

Trust

3

.587

12/15/50

277,156‌

Series

-

2017

HR2

(Class

A4)

2,150,000

i

Morgan

Stanley

Capital

I

Trust

4

.429

07/15/51

1,985,354‌

Series

-

2018

H3

(Class

AS)

1,057,792

g,i

Morgan

Stanley

Residential

Mortgage

Loan

Trust

2

.500

07/25/51

909,175‌

Series

-

2021

4

(Class

A4)

3,579,655

g,i

Morgan

Stanley

Residential

Mortgage

Loan

Trust

2

.500

08/25/51

2,752,463‌

Series

-

2021

5

(Class

A9)

3,222,260

g,i

Morgan

Stanley

Residential

Mortgage

Loan

Trust

2

.500

09/25/51

2,777,566‌

Series

-

2021

6

(Class

A4)

2,863,826

g,i

Morgan

Stanley

Residential

Mortgage

Loan

Trust

2

.500

09/25/51

2,202,049‌

Series

-

2021

6

(Class

A9)

1,500,000

g

MRCD

Mortgage

Trust

2

.718

12/15/36

1,327,196‌

Series

-

2019

PARK

(Class

E)

11,100,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

1.500%

5

.818

07/15/36

10,631,853‌

Series

-

2019

MILE

(Class

A)

3,000,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

3.500%

7

.818

07/15/36

2,691,429‌

Series

-

2019

MILE

(Class

E)

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

254

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

4,500,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

4.250%

8

.568

%

07/15/36

$

4,015,256‌

Series

-

2019

MILE

(Class

F)

453,227

g,i

New

Residential

Mortgage

Loan

Trust

2

.797

09/25/59

405,449‌

Series

-

2019

NQM4

(Class

A3)

425,000

g,i

New

Residential

Mortgage

Loan

Trust

2

.986

09/25/59

331,453‌

Series

-

2019

NQM4

(Class

M1)

113,796

i

New

York

Mortgage

Trust

LIBOR

1

M

+

0.480%

4

.869

02/25/36

110,984‌

Series

-

2005

3

(Class

A1)

650,000

g,i

NLT

Trust

2

.569

08/25/56

384,671‌

Series

-

2021

INV2

(Class

M1)

5,258,931

g,i

OBX

Trust

2

.500

07/25/51

4,043,690‌

Series

-

2021

J2

(Class

A19)

4,043,999

g,i

OBX

Trust

4

.000

10/25/52

3,477,086‌

Series

-

2022

INV5

(Class

A13)

385,535

g,i

OBX

Trust

LIBOR

1

M

+

0.650%

5

.039

06/25/57

364,334‌

Series

-

2018

1

(Class

A2)

1,615,204

g,i

Oceanview

Mortgage

Trust

2

.500

05/25/51

1,241,960‌

Series

-

2021

1

(Class

A19)

5,700,000

g

One

Bryant

Park

Trust

2

.516

09/15/54

4,679,379‌

Series

-

2019

OBP

(Class

A)

2,700,000

g,i

Onslow

Bay

Mortgage

Loan

Trust

2

.451

05/25/61

1,380,395‌

Series

-

2021

NQM2

(Class

M1)

6,649,299

g,i

RCKT

Mortgage

Trust

2

.500

02/25/52

5,079,652‌

Series

-

2022

2

(Class

A22)

1,459,059

g,i

RCKT

Mortgage

Trust

3

.500

06/25/52

1,211,599‌

Series

-

2022

4

(Class

A22)

161,933

g,i

Sequoia

Mortgage

Trust

3

.500

05/25/45

141,979‌

Series

-

2015

2

(Class

A1)

210,803

g,i

Sequoia

Mortgage

Trust

3

.500

06/25/46

187,645‌

Series

-

2016

1

(Class

A19)

602,062

g,i

Sequoia

Mortgage

Trust

3

.500

02/25/47

529,212‌

Series

-

2017

2

(Class

A19)

529,318

g,i

Sequoia

Mortgage

Trust

3

.500

04/25/47

444,489‌

Series

-

2017

3

(Class

A19)

1,189,606

g,i

Sequoia

Mortgage

Trust

3

.718

09/25/47

1,025,494‌

Series

-

2017

6

(Class

B1)

712,625

g,i

Sequoia

Mortgage

Trust

3

.500

02/25/48

603,856‌

Series

-

2018

2

(Class

A19)

229,482

g,i

Sequoia

Mortgage

Trust

3

.500

03/25/48

197,341‌

Series

-

2018

3

(Class

A1)

22,466

g,i

Sequoia

Mortgage

Trust

4

.000

09/25/48

20,840‌

Series

-

2018

7

(Class

A19)

112,735

g,i

Sequoia

Mortgage

Trust

4

.000

06/25/49

104,183‌

Series

-

2019

2

(Class

A19)

671,346

g,i

Sequoia

Mortgage

Trust

3

.500

12/25/49

561,266‌

Series

-

2019

5

(Class

A19)

1,873,363

g,i

Sequoia

Mortgage

Trust

3

.000

04/25/50

1,514,234‌

Series

-

2020

3

(Class

A19)

2,552,781

g,i

Sequoia

Mortgage

Trust

2

.500

06/25/51

1,962,881‌

Series

-

2021

4

(Class

A19)

288,759

g,i

Shellpoint

Co-Originator

Trust

3

.500

10/25/47

257,407‌

Series

-

2017

2

(Class

A1)

11,415,000

g

SLG

Office

Trust

2

.851

07/15/41

8,004,758‌

Series

-

2021

OVA

(Class

E)

2,411,476

g,i

SMR

Mortgage

Trust

6

.736

02/15/39

2,279,165‌

Series

-

2022

IND

(Class

B)

3,500,000

g,i

Spruce

Hill

Mortgage

Loan

Trust

3

.827

01/28/50

3,041,415‌

Series

-

2020

SH1

(Class

B1)

1,880,000

g,i

Structured

Agency

Credit

Risk

Debt

Note

(STACR)

6

.028

10/25/33

1,844,974‌

Series

-

2021

DNA3

(Class

M2)

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

255

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

12,859

g,i

STACR

3

.780

%

02/25/48

$

12,053‌

Series

-

2018

SPI1

(Class

M2)

226,398

g,i

STACR

3

.836

05/25/48

215,036‌

Series

-

2018

SPI2

(Class

M2)

219,003

g,i

STACR

3

.836

05/25/48

209,862‌

Series

-

2018

SPI2

(Class

M2B)

1,000,000

g,i

UBS-Barclays

Commercial

Mortgage

Trust

3

.649

03/10/46

996,442‌

Series

-

2013

C5

(Class

B)

930,000

g,i

Verus

Securitization

Trust

3

.207

11/25/59

789,242‌

Series

-

2019

4

(Class

M1)

515,714

g

Verus

Securitization

Trust

1

.733

05/25/65

462,482‌

Series

-

2020

5

(Class

A3)

269,947

g

Verus

Securitization

Trust

2

.321

05/25/65

245,864‌

Series

-

2020

4

(Class

A3)

2,908,875

g,i

Verus

Securitization

Trust

2

.240

10/25/66

2,370,953‌

Series

-

2021

7

(Class

A3)

13,031,000

g,i

Verus

Securitization

Trust

3

.288

11/25/66

8,568,585‌

Series

-

2021

8

(Class

M1)

1,700,000

g,i

VNDO

Trust

3

.903

01/10/35

1,291,499‌

Series

-

2016

350P

(Class

E)

685,734

g

VSE

VOI

Mortgage

LLC

4

.020

02/20/36

661,872‌

Series

-

2018

A

(Class

C)

8,636

i

Washington

Mutual

Mortgage

Pass-Through

Certificates

Trust

5

.787

08/25/38

8,240‌

Series

-

2004

RA3

(Class

2A)

2,000,000

i

Wells

Fargo

Commercial

Mortgage

Trust

4

.149

05/15/48

1,714,694‌

Series

-

2015

NXS1

(Class

D)

1,200,000

g

Wells

Fargo

Commercial

Mortgage

Trust

3

.153

09/15/57

977,204‌

Series

-

2015

NXS3

(Class

D)

84,199

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

4

.000

04/25/49

80,675‌

Series

-

2019

2

(Class

A17)

179,452

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

3

.000

07/25/50

148,402‌

Series

-

2020

4

(Class

A17)

6,922,108

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

2

.500

06/25/51

5,322,538‌

Series

-

2021

2

(Class

A17)

1,308,777

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

3

.000

08/25/51

1,046,473‌

Series

-

2021

INV1

(Class

A17)

7,699,397

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

3

.317

08/25/51

5,751,676‌

Series

-

2021

INV1

(Class

B2)

1,313,831

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

2

.500

12/25/51

1,010,229‌

Series

-

2022

2

(Class

A18)

1,700,181

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

3

.000

03/25/52

1,359,432‌

Series

-

2022

INV1

(Class

A18)

2,945,007

g,i

Wells

Fargo

Mortgage

Backed

Securities

Trust

3

.500

03/25/52

2,452,861‌

Series

-

2022

INV1

(Class

A17)

3,500,000

i

WFRBS

Commercial

Mortgage

Trust

4

.162

12/15/46

3,432,497‌

Series

-

2013

C18

(Class

A5)

5,277,000

WFRBS

Commercial

Mortgage

Trust

3

.607

11/15/47

5,082,067‌

Series

-

2014

C24

(Class

A5)

2,000,000

WF-RBS

Commercial

Mortgage

Trust

3

.337

06/15/46

1,977,942‌

Series

-

2013

C14

(Class

A5)

84,764

g,i

WinWater

Mortgage

Loan

Trust

3

.909

06/20/44

65,454‌

Series

-

2014

1

(Class

B4)

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

256

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

2,722,089

g,i

Woodward

Capital

Management

3

.000

%

05/25/52

$

2,176,530‌

Series

-

2022

3

(Class

A21)

TOTAL

OTHER

MORTGAGE

BACKED

457,347,582‌

TOTAL

STRUCTURED

ASSETS

737,456,777‌

(Cost

$858,223,161)

TOTAL

BONDS

3,983,470,344‌

(Cost

$4,526,302,490)

SHARES

COMPANY

REFERENCERATE

&

SPREAD

COMMON

STOCKS

-

0.0%

ENERGY

-

0

.0

%

1,538

*,†

Cloud

Peak

Energy,

Inc

16‌

TOTAL

ENERGY

16‌

MATERIALS

-

0

.0

%

415,953

*

Petra

Diamonds

Ltd

473,724‌

TOTAL

MATERIALS

473,724‌

RETAILING

-

0

.0

%

7,034

*

Men's

Wearhouse

LLC

55,688‌

TOTAL

RETAILING

55,688‌

TOTAL

COMMON

STOCKS

529,428‌

(Cost

$889,413)

PREFERRED

STOCKS

-

0.1%

DIVERSIFIED

FINANCIALS

-

0

.1

%

34,686

Morgan

Stanley

841,483‌

139,125

Morgan

Stanley

3,512,906‌

TOTAL

DIVERSIFIED

FINANCIALS

4,354,389‌

TOTAL

PREFERRED

STOCKS

4,354,389‌

(Cost

$4,394,529)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS

-

5.9%

GOVERNMENT

AGENCY

DEBT

-

1

.2

%

$

6,000,000

Federal

Farm

Credit

Bank

(FFCB)

0

.000

01/04/23

5,999,287‌

10,000,000

FFCB

0

.000

01/09/23

9,992,874‌

3,000,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

01/03/23

3,000,000‌

10,000,000

FHLB

0

.000

02/15/23

9,947,335‌

10,000,000

FHLB

0

.000

02/27/23

9,932,687‌

10,000,000

FHLB

0

.000

04/14/23

9,877,003‌

TOTAL

GOVERNMENT

AGENCY

DEBT

48,749,186‌

REPURCHASE

AGREEMENT

-

2

.0

%

84,050,000

r

Fixed

Income

Clearing

Corp

(FICC)

4

.080

01/03/23

84,050,000‌

TOTAL

REPURCHASE

AGREEMENT

84,050,000‌

TREASURY

DEBT

-

1

.1

%

50,000,000

United

States

Treasury

Bill

0

.000

11/02/23

48,102,462‌

TOTAL

TREASURY

DEBT

48,102,462‌

Portfolio

of

investments

(unaudited)

Core

Plus

Bond

Fund

December

31,

2022

257

TIAA-CREF

Funds

December

31,

2022

concluded

Principal

denominated

in

U.S.

Dollars,

unless

otherwise

noted. 

SHARES

COMPANY

RATE

EXP

VALUE

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

-

1

.6

%

68,770,408

c

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4

.340

%

$

68,770,408‌

TOTAL

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

68,770,408‌

TOTAL

SHORT-TERM

INVESTMENTS

249,672,056‌

(Cost

$249,664,953)

TOTAL

INVESTMENTS

-

102.4%

4,326,959,898‌

(Cost

$4,874,533,567)

OTHER

ASSETS

&

LIABILITIES,

NET

-

(2.4)%

(

101,828,144‌

)

NET

ASSETS

-

100.0%

$

4,225,131,754‌

CNY

Chinese

Yuan

DOP

Dominican

Republic

Peso

EUR

Euro

INR

Indian

Rupee

LIBOR

London

Interbank

Offered

Rate

M

Month

MXN

Mexican

Peso

MYR

Malaysian

Ringgit

REIT

Real

Estate

Investment

Trust

REMIC

Real

Estate

Mortgage

Investment

Conduit

SOFR

Secure

Overnight

Financing

Rate

THB

Thai

Baht

UGX

Ugandan

Shilling

UZS

Uzbekistani

Som

ZAR

South

African

Rand

*

Non-income

producing

†

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

‡

Perpetual

security

c

Investments

made

with

cash

collateral

received

from

securities

on

loan.

e

All

or

a

portion

of

these

securities

are

out

on

loan.

The

aggregate

value

of

securities

on

loan

is

$68,207,340.

g

Security

is

exempt

from

registration

under

Rule

144(A)

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

h

All

or

a

portion

of

these

securities

were

purchased

on

a

delayed

delivery

basis.

i

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

o

Payment

in

Kind

Bond

q

In

default

r

Agreement

with

Fixed

Income

Clearing

Corp

(FICC),

4.080%

dated

12/30/22

to

be

repurchased

at

$84,050,000

on

1/3/23,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

1.000%

and

maturity

date

7/31/28,

valued

at

$85,731,048.

5-15

Year

Laddered

Tax-Exempt

Bond

Fund

December

31,

2022

Portfolio

of

investments

(unaudited)

258

December

31,

2022

TIAA-CREF

Funds

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

VALUE

LONG-TERM

MUNICIPAL

BONDS

-

96.1%

ALABAMA

-

2

.5

%

$

250,000

Black

Belt

Energy

Gas

District

4

.000

%

12/01/27

$

250,966‌

500,000

City

of

Birmingham

AL

5

.000

12/01/29

555,815‌

500,000

City

of

Birmingham

AL

5

.000

12/01/30

553,017‌

630,000

County

of

Mobile

AL

5

.000

02/01/34

702,803‌

2,900,000

Lower

Alabama

Gas

District

4

.000

12/01/50

2,877,852‌

1,000,000

University

of

South

Alabama

5

.000

11/01/31

1,064,088‌

TOTAL

ALABAMA

6,004,541‌

ALASKA

-

0

.2

%

500,000

Alaska

Municipal

Bond

Bank

Authority

5

.000

12/01/31

522,036‌

TOTAL

ALASKA

522,036‌

ARIZONA

-

0

.9

%

2,000,000

Chandler

Industrial

Development

Authority

5

.000

06/01/49

2,032,162‌

190,000

Pinal

County

Electric

District

No

3

5

.000

07/01/33

201,258‌

TOTAL

ARIZONA

2,233,420‌

ARKANSAS

-

0

.5

%

1,000,000

City

of

Fort

Smith

AR

Water

&

Sewer

Revenue

5

.000

10/01/32

1,091,620‌

TOTAL

ARKANSAS

1,091,620‌

CALIFORNIA

-

3

.4

%

1,090,000

California

County

Tobacco

Securitization

Agency

4

.000

06/01/36

1,044,023‌

365,000

California

Educational

Facilities

Authority

5

.000

12/01/29

386,324‌

1,510,000

California

Health

Facilities

Financing

Authority

5

.000

09/01/33

1,584,714‌

185,000

California

Municipal

Finance

Authority

4

.000

07/15/29

180,427‌

225,000

g

California

Statewide

Communities

Development

Authority

5

.000

12/01/28

233,227‌

1,000,000

City

of

Los

Angeles

Department

of

Airports

5

.000

05/15/36

1,063,420‌

195,000

Long

Beach

Community

College

District

3

.000

08/01/37

171,953‌

415,000

Palmdale

Community

Redevelopment

Agency

5

.000

09/01/31

448,088‌

750,000

San

Diego

Public

Facilities

Financing

Authority

5

.000

10/15/31

798,358‌

1,405,000

San

Francisco

City

&

County

Airport

Comm-San

Francisco

International

Airport

5

.000

05/01/31

1,536,611‌

500,000

Santee

CDC

Successor

Agency

5

.000

08/01/27

537,166‌

TOTAL

CALIFORNIA

7,984,311‌

COLORADO

-

1

.0

%

590,000

City

&

County

of

Denver

CO

Airport

System

Revenue

5

.000

12/01/31

628,563‌

250,000

Colorado

Health

Facilities

Authority

5

.000

12/01/41

255,073‌

310,000

Denver

Health

&

Hospital

Authority

5

.000

12/01/28

331,957‌

1,000,000

Interlocken

Metropolitan

District

5

.000

12/01/27

1,092,914‌

TOTAL

COLORADO

2,308,507‌

CONNECTICUT

-

4

.6

%

1,180,000

Capital

Region

Development

Authority

5

.000

06/15/29

1,281,725‌

765,000

Capital

Region

Development

Authority

5

.000

06/15/33

826,503‌

1,900,000

City

of

Bridgeport

CT

5

.000

06/01/34

2,108,125‌

495,000

Connecticut

State

Health

&

Educational

Facilities

Authority

5

.000

07/01/27

533,951‌

630,000

Connecticut

State

Health

&

Educational

Facilities

Authority

5

.000

07/01/29

642,108‌

330,000

Connecticut

State

Health

&

Educational

Facilities

Authority

5

.000

07/01/30

335,754‌

350,000

Connecticut

State

Health

&

Educational

Facilities

Authority

5

.000

07/01/32

374,228‌

350,000

Connecticut

State

Health

&

Educational

Facilities

Authority

5

.000

07/01/33

373,537‌

Portfolio

of

investments

(unaudited)

5-15

Year

Laddered

Tax-Exempt

Bond

Fund

December

31,

2022

259

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

VALUE

CONNECTICUT—continued

$

250,000

Connecticut

State

Higher

Education

Supplement

Loan

Authority

5

.000

%

11/15/26

$

272,057‌

255,000

State

of

Connecticut

5

.000

11/15/38

283,312‌

500,000

State

of

Connecticut

Special

Tax

Revenue

5

.000

05/01/30

572,884‌

1,000,000

State

of

Connecticut

Special

Tax

Revenue

5

.000

05/01/34

1,133,435‌

2,000,000

University

of

Connecticut

5

.000

03/15/28

2,133,501‌

TOTAL

CONNECTICUT

10,871,120‌

DISTRICT

OF

COLUMBIA

-

3

.4

%

955,000

District

of

Columbia

5

.000

04/01/27

1,022,722‌

2,680,000

Metropolitan

Washington

Airports

Authority

Aviation

Revenue

5

.000

10/01/28

2,873,624‌

3,800,000

Metropolitan

Washington

Airports

Authority

Aviation

Revenue

5

.000

10/01/32

4,154,724‌

TOTAL

DISTRICT

OF

COLUMBIA

8,051,070‌

FLORIDA

-

5

.4

%

1,000,000

Alachua

County

Health

Facilities

Authority

5

.000

12/01/31

1,082,666‌

250,000

County

of

Broward

FL

Airport

System

Revenue

5

.000

10/01/27

266,229‌

250,000

County

of

Broward

FL

Airport

System

Revenue

5

.000

10/01/28

265,174‌

1,500,000

County

of

Miami-Dade

FL

Aviation

Revenue

4

.000

10/01/36

1,486,757‌

3,000,000

Escambia

County

Health

Facilities

Authority

5

.000

08/15/32

3,172,083‌

1,250,000

g

Florida

Development

Finance

Corp

7

.250

07/01/57

1,246,536‌

795,000

Greater

Orlando

Aviation

Authority

5

.000

10/01/26

849,838‌

305,000

Greater

Orlando

Aviation

Authority

5

.000

10/01/26

320,411‌

175,000

Hillsborough

County

Aviation

Authority

5

.000

10/01/31

186,206‌

185,000

Hillsborough

County

Aviation

Authority

5

.000

10/01/32

196,466‌

190,000

Hillsborough

County

Aviation

Authority

5

.000

10/01/33

201,378‌

400,000

Hillsborough

County

Port

District

5

.000

06/01/29

430,969‌

1,000,000

Hillsborough

County

Port

District

5

.000

06/01/33

1,064,702‌

210,000

Miami-Dade

County

Educational

Facilities

Authority

5

.000

04/01/28

227,535‌

255,000

Miami-Dade

County

Health

Facilities

Authority

4

.000

08/01/37

251,903‌

500,000

Pinellas

County

School

Board

4

.000

07/01/36

506,817‌

500,000

School

District

of

Broward

County

5

.000

07/01/31

531,326‌

540,000

Volusia

County

Educational

Facility

Authority

5

.000

10/15/32

577,083‌

TOTAL

FLORIDA

12,864,079‌

GEORGIA

-

4

.4

%

1,250,000

Brookhaven

Development

Authority

5

.000

07/01/27

1,370,327‌

1,110,000

Burke

County

Development

Authority

2

.250

10/01/32

1,103,834‌

1,000,000

Dahlonega

Downtown

Development

Authority

4

.000

07/01/37

974,958‌

1,250,000

Dahlonega

Downtown

Development

Authority

4

.000

07/01/38

1,207,886‌

1,000,000

Dahlonega

Downtown

Development

Authority

5

.000

07/01/39

1,047,183‌

250,000

Georgia

Municipal

Association,

Inc

5

.000

12/01/30

276,154‌

1,000,000

Glynn-Brunswick

Memorial

Hospital

Authority

5

.000

08/01/47

1,001,412‌

1,020,000

Main

Street

Natural

Gas,

Inc

4

.000

08/01/49

1,020,217‌

2,500,000

Municipal

Electric

Authority

of

Georgia

5

.000

01/01/62

2,546,593‌

TOTAL

GEORGIA

10,548,564‌

GUAM

-

0

.2

%

200,000

Port

Authority

of

Guam

5

.000

07/01/29

213,020‌

200,000

Port

Authority

of

Guam

5

.000

07/01/30

212,746‌

TOTAL

GUAM

425,766‌

HAWAII

-

0

.4

%

1,000,000

State

of

Hawaii

Airports

System

Revenue

5

.000

07/01/41

1,012,559‌

TOTAL

HAWAII

1,012,559‌

ILLINOIS

-

12

.0

%

1,500,000

Chicago

Board

of

Education

5

.000

12/01/26

1,537,106‌

1,335,000

Chicago

Board

of

Education

4

.000

12/01/27

1,307,291‌

500,000

Chicago

Housing

Authority

5

.000

01/01/33

538,413‌

Portfolio

of

investments

(unaudited)

5-15

Year

Laddered

Tax-Exempt

Bond

Fund

December

31,

2022

260

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

VALUE

ILLINOIS—continued

$

300,000

Chicago

O'Hare

International

Airport

5

.000

%

01/01/28

$

314,546‌

1,000,000

Chicago

O'Hare

International

Airport

5

.000

01/01/32

1,020,904‌

300,000

Chicago

Transit

Authority

5

.000

06/01/28

322,694‌

3,250,000

City

of

Chicago

IL

5

.000

01/01/28

3,387,880‌

1,000,000

City

of

Chicago

IL

4

.000

01/01/35

940,299‌

1,000,000

City

of

Chicago

IL

Wastewater

Transmission

Revenue

5

.000

01/01/26

1,050,082‌

1,250,000

City

of

Chicago

IL,

GO

5

.000

01/01/29

1,310,858‌

1,500,000

City

of

Chicago

IL,

GO

5

.500

01/01/35

1,526,264‌

650,000

City

of

Chicago

IL,

GO

5

.500

01/01/37

659,897‌

500,000

City

of

Chicago

IL,

GO

5

.500

01/01/42

505,554‌

150,000

Cook

County

School

District

No

78

Rosemont

5

.000

12/01/31

172,719‌

1,750,000

County

of

Cook

IL

5

.000

11/15/31

1,866,502‌

1,160,000

County

of

Cook

IL

Sales

Tax

Revenue

5

.000

11/15/36

1,254,347‌

700,000

Illinois

State

Toll

Highway

Authority

4

.000

01/01/42

671,121‌

630,000

Illinois

State

Toll

Highway

Authority

4

.000

01/01/46

589,961‌

305,000

Metropolitan

Pier

&

Exposition

Authority

4

.000

06/15/52

247,658‌

2,000,000

Metropolitan

Water

Reclamation

District

of

Greater

Chicago

5

.000

12/01/30

2,149,063‌

1,500,000

Sales

Tax

Securitization

Corp

5

.000

01/01/30

1,604,790‌

115,000

Sales

Tax

Securitization

Corp

2

.857

01/01/31

95,728‌

2,000,000

State

of

Illinois

5

.000

06/01/28

2,045,141‌

1,500,000

State

of

Illinois

5

.000

03/01/37

1,505,884‌

250,000

Village

of

Broadview

IL

5

.000

12/01/28

272,947‌

200,000

Village

of

Broadview

IL

5

.000

12/01/29

217,333‌

545,000

Village

of

Broadview

IL

5

.000

12/01/30

589,504‌

745,000

Village

of

Broadview

IL

5

.000

12/01/33

801,024‌

TOTAL

ILLINOIS

28,505,510‌

INDIANA

-

0

.6

%

1,365,000

City

of

Whiting

IN

5

.000

12/01/44

1,398,526‌

TOTAL

INDIANA

1,398,526‌

IOWA

-

0

.2

%

475,000

Iowa

Higher

Education

Loan

Authority

5

.000

10/01/27

521,059‌

TOTAL

IOWA

521,059‌

KENTUCKY

-

1

.1

%

1,250,000

Paducah

Electric

Plant

Board

5

.000

10/01/34

1,348,166‌

1,250,000

Paducah

Electric

Plant

Board

5

.000

10/01/35

1,347,243‌

TOTAL

KENTUCKY

2,695,409‌

LOUISIANA

-

1

.3

%

480,000

City

of

New

Orleans

LA

Sewerage

Service

Revenue

4

.000

06/01/36

490,206‌

750,000

Louisiana

Local

Government

Environmental

Facilities

&

Community

Development

Authority

5

.000

10/01/27

806,153‌

500,000

New

Orleans

Aviation

Board

5

.000

10/01/33

546,369‌

1,250,000

St.

Tammany

Parish

Hospital

Service

District

No

5

.000

07/01/33

1,310,209‌

TOTAL

LOUISIANA

3,152,937‌

MAINE

-

0

.0

%

750,000

g

Finance

Authority

of

Maine

5

.375

12/15/33

6,637‌

TOTAL

MAINE

6,637‌

MARYLAND

-

0

.9

%

2,000,000

County

of

Baltimore

MD

4

.000

01/01/29

2,013,154‌

TOTAL

MARYLAND

2,013,154‌

MASSACHUSETTS

-

1

.2

%

500,000

Massachusetts

Development

Finance

Agency

5

.000

12/01/29

535,021‌

2,100,000

University

of

Massachusetts

Building

Authority

5

.000

11/01/29

2,401,600‌

TOTAL

MASSACHUSETTS

2,936,621‌

Portfolio

of

investments

(unaudited)

5-15

Year

Laddered

Tax-Exempt

Bond

Fund

December

31,

2022

261

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

VALUE

MICHIGAN

-

2

.6

%

$

500,000

Charlotte

Public

School

District

4

.000

%

05/01/36

$

520,356‌

2,000,000

Michigan

Finance

Authority

5

.000

11/15/28

2,122,655‌

1,000,000

Michigan

Finance

Authority

5

.000

12/01/36

1,091,790‌

1,750,000

State

of

Michigan

Trunk

Line

Revenue

5

.000

11/15/30

2,053,893‌

385,000

Wayne

County

Airport

Authority

5

.000

12/01/29

429,416‌

TOTAL

MICHIGAN

6,218,110‌

MINNESOTA

-

0

.7

%

1,055,000

City

of

Minneapolis

MN

5

.000

11/15/33

1,128,732‌

70,000

Duluth

Economic

Development

Authority

5

.000

02/15/33

73,192‌

500,000

Northern

Municipal

Power

Agency

5

.000

01/01/28

532,094‌

TOTAL

MINNESOTA

1,734,018‌

MISSISSIPPI

-

1

.4

%

1,045,000

Mississippi

Development

Bank

5

.000

03/01/26

1,104,542‌

1,000,000

Mississippi

Development

Bank

5

.000

06/01/27

1,084,188‌

1,000,000

Mississippi

Development

Bank

5

.000

03/01/35

1,046,381‌

TOTAL

MISSISSIPPI

3,235,111‌

MISSOURI

-

3

.3

%

1,225,000

City

of

Kansas

City

MO

5

.000

10/01/26

1,296,652‌

2,500,000

City

of

Kansas

City

MO

Sanitary

Sewer

System

Revenue

3

.000

01/01/37

2,231,969‌

1,000,000

City

of

St.

Louis

MO

Parking

Revenue

5

.000

12/15/26

1,059,383‌

900,000

Health

&

Educational

Facilities

Authority

of

the

State

of

Missouri

5

.000

02/15/28

973,494‌

425,000

Missouri

Joint

Municipal

Electric

Utility

Commission

5

.250

12/01/38

465,577‌

1,745,000

St.

Louis

Municipal

Finance

Corp

5

.000

02/15/26

1,840,462‌

TOTAL

MISSOURI

7,867,537‌

NEVADA

-

0

.4

%

1,000,000

Las

Vegas

Redevelopment

Agency

5

.000

06/15/26

1,046,544‌

TOTAL

NEVADA

1,046,544‌

NEW

HAMPSHIRE

-

0

.1

%

130,000

New

Hampshire

Business

Finance

Authority

5

.000

04/01/31

143,075‌

TOTAL

NEW

HAMPSHIRE

143,075‌

NEW

JERSEY

-

6

.9

%

350,000

Gloucester

County

Improvement

Authority

5

.000

07/01/34

388,980‌

1,000,000

New

Jersey

Economic

Development

Authority

5

.000

06/15/27

1,070,233‌

2,500,000

New

Jersey

Economic

Development

Authority

5

.000

11/01/35

2,649,438‌

1,000,000

New

Jersey

Educational

Facilities

Authority

5

.000

07/01/27

1,055,655‌

1,000,000

New

Jersey

Transportation

Trust

Fund

Authority

5

.000

06/15/29

1,054,628‌

765,000

New

Jersey

Transportation

Trust

Fund

Authority

5

.000

12/15/33

817,289‌

1,120,000

New

Jersey

Transportation

Trust

Fund

Authority

4

.000

06/15/34

1,124,418‌

3,000,000

New

Jersey

Transportation

Trust

Fund

Authority

5

.000

06/15/34

3,189,241‌

1,000,000

New

Jersey

Transportation

Trust

Fund

Authority

4

.000

06/15/36

974,334‌

2,500,000

New

Jersey

Transportation

Trust

Fund

Authority

5

.000

06/15/38

2,640,567‌

1,025,000

New

Jersey

Transportation

Trust

Fund

Authority

4

.000

06/15/39

949,063‌

500,000

South

Jersey

Port

Corp

5

.000

01/01/48

483,905‌

TOTAL

NEW

JERSEY

16,397,751‌

NEW

YORK

-

6

.0

%

1,000,000

Brooklyn

Arena

Local

Development

Corp

5

.000

07/15/26

1,018,753‌

10,000

Metropolitan

Transportation

Authority

4

.000

11/15/34

9,395‌

1,250,000

Metropolitan

Transportation

Authority

5

.000

11/15/50

1,204,443‌

160,000

New

York

City

Industrial

Development

Agency

3

.000

01/01/46

119,356‌

1,750,000

New

York

State

Dormitory

Authority

5

.000

07/01/33

1,829,442‌

125,000

New

York

State

Dormitory

Authority

5

.000

07/01/38

138,339‌

1,000,000

New

York

State

Urban

Development

Corp

5

.000

03/15/35

1,118,954‌

305,000

New

York

State

Urban

Development

Corp

5

.000

03/15/38

326,331‌

375,000

New

York

Transportation

Development

Corp

5

.000

07/01/30

379,203‌

Portfolio

of

investments

(unaudited)

5-15

Year

Laddered

Tax-Exempt

Bond

Fund

December

31,

2022

262

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

VALUE

NEW

YORK—continued

$

1,080,000

New

York

Transportation

Development

Corp

4

.000

%

10/01/30

$

1,044,968‌

715,000

New

York

Transportation

Development

Corp

5

.000

01/01/36

711,218‌

505,000

New

York

Transportation

Development

Corp

5

.000

12/01/36

529,623‌

635,000

New

York

Transportation

Development

Corp

5

.000

12/01/36

653,498‌

1,500,000

Port

Authority

of

New

York

&

New

Jersey

5

.000

07/15/31

1,636,321‌

1,000,000

Port

Authority

of

New

York

&

New

Jersey

4

.000

11/01/34

995,450‌

1,000,000

Port

Authority

of

New

York

&

New

Jersey

5

.000

11/01/35

1,061,616‌

1,625,000

Port

Authority

of

New

York

&

New

Jersey

4

.000

07/15/36

1,582,117‌

TOTAL

NEW

YORK

14,359,027‌

NORTH

CAROLINA

-

1

.3

%

1,355,000

County

of

Duplin

NC

5

.000

04/01/27

1,442,476‌

1,000,000

North

Carolina

Capital

Facilities

Finance

Agency

5

.000

05/01/31

1,117,226‌

210,000

North

Carolina

Medical

Care

Commission

4

.000

02/01/36

212,244‌

255,000

North

Carolina

Medical

Care

Commission

3

.000

07/01/36

232,091‌

TOTAL

NORTH

CAROLINA

3,004,037‌

NORTH

DAKOTA

-

0

.4

%

1,000,000

North

Dakota

Housing

Finance

Agency

2

.400

01/01/26

980,420‌

TOTAL

NORTH

DAKOTA

980,420‌

OHIO

-

2

.5

%

1,000,000

American

Municipal

Power,

Inc

5

.000

02/15/34

1,095,382‌

200,000

City

of

Cleveland

OH

Income

Tax

Revenue

5

.000

10/01/27

220,327‌

250,000

City

of

Cleveland

OH

Income

Tax

Revenue

5

.000

10/01/28

277,208‌

240,000

City

of

Toledo

OH

4

.000

12/01/29

251,107‌

250,000

City

of

Toledo

OH

4

.000

12/01/30

261,421‌

200,000

City

of

Toledo

OH

4

.000

12/01/31

208,621‌

1,500,000

County

of

Miami

OH

5

.000

08/01/32

1,613,718‌

725,000

County

of

Montgomery

OH

5

.000

08/01/36

770,899‌

300,000

Lebanon

City

School

District

3

.000

12/01/36

268,371‌

700,000

Miami

University

5

.000

09/01/28

779,859‌

175,000

State

of

Ohio

5

.000

01/15/35

187,823‌

TOTAL

OHIO

5,934,736‌

OKLAHOMA

-

0

.9

%

750,000

Oklahoma

Development

Finance

Authority

5

.000

08/15/28

743,647‌

1,500,000

Oklahoma

Development

Finance

Authority

5

.250

08/15/48

1,335,233‌

TOTAL

OKLAHOMA

2,078,880‌

OREGON

-

0

.6

%

3,000,000

†,g,q

Oregon

State

Business

Development

Commission

6

.500

04/01/31

219,000‌

1,000,000

†,q

Oregon

State

Business

Development

Commission

11

.500

04/01/31

60,000‌

625,000

†,g

Oregon

State

Business

Development

Commission

9

.000

04/01/37

45,625‌

1,000,000

Tri-County

Metropolitan

Transportation

District

of

Oregon

5

.000

10/01/28

1,098,583‌

TOTAL

OREGON

1,423,208‌

PENNSYLVANIA

-

3

.1

%

1,100,000

Allegheny

County

Higher

Education

Building

Authority

5

.000

03/01/29

1,157,049‌

740,000

Coatesville

School

District

5

.000

08/01/25

780,339‌

500,000

Lancaster

County

Career

&

Technology

Center

Authority

4

.000

02/01/26

516,368‌

670,000

Lancaster

County

Career

&

Technology

Center

Authority

4

.000

02/01/30

703,045‌

500,000

Pennsylvania

Economic

Development

Financing

Authority

5

.000

10/15/34

548,589‌

415,000

Pittsburgh

Water

&

Sewer

Authority

5

.000

09/01/27

455,733‌

1,500,000

School

District

of

the

City

of

Erie

5

.000

04/01/28

1,644,182‌

500,000

South

Wayne

County

Water

and

Sewer

Authority

4

.000

02/15/37

507,018‌

915,000

Township

of

Northampton

PA

4

.000

05/15/33

938,095‌

TOTAL

PENNSYLVANIA

7,250,418‌

Portfolio

of

investments

(unaudited)

5-15

Year

Laddered

Tax-Exempt

Bond

Fund

December

31,

2022

263

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

VALUE

RHODE

ISLAND

-

0

.4

%

$

825,000

Rhode

Island

Commerce

Corp

5

.000

%

06/15/27

$

894,669‌

TOTAL

RHODE

ISLAND

894,669‌

SOUTH

CAROLINA

-

2

.2

%

2,000,000

Center

for

Arts

&

Health

Sciences

Public

Facilities

Corp

4

.000

10/01/37

2,035,159‌

265,000

City

of

Rock

Hill

SC

Combined

Utility

System

Revenue

5

.000

01/01/27

284,839‌

170,000

City

of

Rock

Hill

SC

Combined

Utility

System

Revenue

5

.000

01/01/28

185,632‌

265,000

City

of

Rock

Hill

SC

Combined

Utility

System

Revenue

5

.000

01/01/29

293,777‌

500,000

South

Carolina

Public

Service

Authority

4

.000

12/01/37

476,539‌

890,000

South

Carolina

Public

Service

Authority

4

.000

12/01/40

828,452‌

1,000,000

Spartanburg

Regional

Health

Services

District

4

.000

04/15/37

993,350‌

TOTAL

SOUTH

CAROLINA

5,097,748‌

TENNESSEE

-

1

.4

%

180,000

Metropolitan

Government

Nashville

&

Davidson

County

Health

&

Educational

Facs

Bd

4

.000

05/01/37

171,968‌

2,305,000

Metropolitan

Nashville

Airport

Authority

5

.000

07/01/35

2,441,752‌

755,000

Tennessee

Energy

Acquisition

Corp

4

.000

11/01/49

749,658‌

TOTAL

TENNESSEE

3,363,378‌

TEXAS

-

10

.6

%

350,000

Atascosa

County

Industrial

Development

Corp

5

.000

12/15/28

378,044‌

350,000

Atascosa

County

Industrial

Development

Corp

5

.000

12/15/29

381,818‌

400,000

Atascosa

County

Industrial

Development

Corp

5

.000

12/15/30

440,456‌

1,100,000

Central

Texas

Regional

Mobility

Authority

5

.000

01/01/27

1,169,568‌

1,210,000

Central

Texas

Regional

Mobility

Authority

5

.000

01/01/29

1,298,429‌

750,000

Central

Texas

Regional

Mobility

Authority

4

.000

01/01/36

741,888‌

400,000

City

of

Austin

TX

Airport

System

Revenue

5

.000

11/15/27

432,585‌

900,000

City

of

Austin

TX

Airport

System

Revenue

5

.000

11/15/39

908,935‌

1,000,000

City

of

El

Paso

TX

4

.000

08/15/35

1,028,503‌

2,000,000

City

of

El

Paso

TX

Airport

Revenue

5

.000

08/15/28

2,124,941‌

1,970,000

City

of

Houston

TX

5

.000

03/01/32

2,125,664‌

3,000,000

City

of

Houston

TX

Combined

Utility

System

Revenue

5

.000

11/15/29

3,414,896‌

1,000,000

Conroe

Independent

School

District

2

.500

02/15/37

827,056‌

500,000

County

of

Galveston

TX

4

.000

02/01/38

502,435‌

1,225,000

El

Paso

County

Community

College

District

5

.000

04/01/38

1,282,353‌

150,000

Harris

County

Toll

Road

Authority

4

.000

08/15/36

153,384‌

1,000,000

North

Texas

Tollway

Authority

5

.000

01/01/30

1,082,726‌

420,000

Port

Freeport

TX

5

.000

06/01/28

450,700‌

825,000

Port

Freeport

TX

5

.000

06/01/29

880,891‌

865,000

Port

Freeport

TX

5

.000

06/01/30

918,930‌

935,000

Port

Freeport

TX

5

.000

06/01/32

986,792‌

2,500,000

Texas

Private

Activity

Bond

Surface

Transportation

Corp

5

.000

12/31/35

2,591,221‌

1,000,000

University

of

North

Texas

5

.000

04/15/27

1,091,167‌

TOTAL

TEXAS

25,213,382‌

UTAH

-

1

.1

%

475,000

Salt

Lake

City

Corp

Airport

Revenue

5

.000

07/01/31

504,485‌

1,000,000

Salt

Lake

City

Corp

Airport

Revenue

5

.000

07/01/32

1,060,092‌

1,000,000

Salt

Lake

City

Corp

Airport

Revenue

5

.000

07/01/33

1,055,226‌

TOTAL

UTAH

2,619,803‌

VIRGIN

ISLANDS

-

1

.9

%

2,000,000

g

Virgin

Islands

Public

Finance

Authority

5

.000

09/01/25

2,031,972‌

2,500,000

g

Virgin

Islands

Public

Finance

Authority

5

.000

09/01/33

2,550,761‌

TOTAL

VIRGIN

ISLANDS

4,582,733‌

VIRGINIA

-

1

.0

%

2,000,000

Virginia

Small

Business

Financing

Authority

4

.000

01/01/36

1,914,160‌

400,000

Virginia

Small

Business

Financing

Authority

5

.000

12/31/47

402,998‌

TOTAL

VIRGINIA

2,317,158‌

Portfolio

of

investments

(unaudited)

5-15

Year

Laddered

Tax-Exempt

Bond

Fund

December

31,

2022

264

December

31,

2022

TIAA-CREF

Funds

concluded

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

VALUE

WASHINGTON

-

1

.8

%

$

500,000

Klickitat

County

Public

Utility

District

No

5

.000

%

12/01/27

$

551,263‌

1,000,000

Pend

Oreille

County

Public

Utility

District

No  Box

Canyon

5

.000

01/01/29

1,061,288‌

1,000,000

Pierce

County

School

District

No

403

Bethel

4

.000

12/01/37

1,021,697‌

1,500,000

Washington

Health

Care

Facilities

Authority

4

.000

10/01/42

1,540,367‌

TOTAL

WASHINGTON

4,174,615‌

WEST

VIRGINIA

-

1

.3

%

1,000,000

West

Virginia

Higher

Education

Policy

Commission

5

.000

07/01/27

1,092,279‌

750,000

West

Virginia

Hospital

Finance

Authority

5

.000

01/01/29

788,142‌

1,215,000

West

Virginia

Hospital

Finance

Authority

5

.000

01/01/30

1,274,946‌

TOTAL

WEST

VIRGINIA

3,155,367‌

TOTAL

LONG-TERM

MUNICIPAL

BONDS

228,239,171‌

(Cost

$248,294,630)

REFERENCERATE

&

SPREAD

SHORT-TERM

INVESTMENTS

-

0.5%

GOVERNMENT

AGENCY

DEBT

-

0

.5

%

1,200,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

01/06/23

1,199,572‌

TOTAL

GOVERNMENT

AGENCY

DEBT

1,199,572‌

TOTAL

SHORT-TERM

INVESTMENTS

1,199,572‌

(Cost

$1,199,319)

TOTAL

INVESTMENTS

-

96.6%

229,438,743‌

(Cost

$249,493,949)

OTHER

ASSETS

&

LIABILITIES,

NET

-

3.4%

8,093,609‌

NET

ASSETS

-

100.0%

$

237,532,352‌

GO

General

Obligation

†

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

g

Security

is

exempt

from

registration

under

Rule

144(A)

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

q

In

default

Portfolio

of

investments

(unaudited)

Green

Bond

Fund

December

31,

2022

265

TIAA-CREF

Funds

December

31,

2022

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANK

LOAN

OBLIGATIONS

-

1.4%

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0

.3

%

$

492,500

i

LTR

Intermediate

Holdings,

Inc

LIBOR

12

M

+

4.500%

8

.884

%

05/05/28

$

449,406‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

449,406‌

UTILITIES

-

1

.1

%

461,237

i

Exgen

Renewables

IV

LLC

LIBOR

4

M

+

2.500%

7

.240

12/15/27

457,538‌

995,000

i

TerraForm

Power

Operating

LLC

SOFR

4M

+

2.750%

7

.430

05/21/29

989,249‌

TOTAL

UTILITIES

1,446,787‌

TOTAL

BANK

LOAN

OBLIGATIONS

1,896,193‌

(Cost

$1,928,689)

BONDS

-

95.0%

CORPORATE

BONDS

-

56

.5

%

AUTOMOBILES

&

COMPONENTS

-

2

.7

%

1,250,000

Ford

Motor

Co

3

.250

02/12/32

937,427‌

775,000

General

Motors

Co

5

.400

10/15/29

739,581‌

1,000,000

General

Motors

Co

5

.600

10/15/32

928,996‌

350,000

g

Hyundai

Capital

Services,

Inc

1

.250

02/08/26

303,968‌

1,000,000

Toyota

Motor

Credit

Corp

2

.150

02/13/30

841,335‌

TOTAL

AUTOMOBILES

&

COMPONENTS

3,751,307‌

BANKS

-

9

.2

%

1,200,000

g

ABN

AMRO

Bank

NV

2

.470

12/13/29

970,353‌

250,000

g

Bank

Hapoalim

BM

3

.255

01/21/32

214,922‌

1,000,000

Bank

of

America

Corp

0

.981

09/25/25

920,376‌

1,000,000

Bank

of

America

Corp

2

.456

10/22/25

944,857‌

1,000,000

Bank

of

Nova

Scotia

2

.375

01/18/23

999,004‌

250,000

Citigroup,

Inc

0

.776

10/30/24

239,540‌

1,000,000

g

ING

Groep

NV

1

.400

07/01/26

899,019‌

2,000,000

JPMorgan

Chase

&

Co

0

.768

08/09/25

1,845,893‌

1,800,000

National

Bank

of

Canada

0

.550

11/15/24

1,722,788‌

250,000

NatWest

Group

plc

2

.359

05/22/24

246,420‌

1,825,000

Santander

Holdings

USA,

Inc

5

.807

09/09/26

1,811,231‌

200,000

g

Shinhan

Financial

Group

Co

Ltd

3

.340

02/05/30

183,047‌

1,000,000

g

USAA

Capital

Corp

2

.125

05/01/30

819,394‌

1,000,000

Wells

Fargo

&

Co

4

.540

08/15/26

979,959‌

TOTAL

BANKS

12,796,803‌

CAPITAL

GOODS

-

1

.1

%

625,000

g

Korea

East-West

Power

Co

Ltd

3

.600

05/06/25

604,285‌

1,000,000

Xylem,

Inc

1

.950

01/30/28

859,966‌

TOTAL

CAPITAL

GOODS

1,464,251‌

CONSUMER

DURABLES

&

APPAREL

-

0

.1

%

250,000

Whirlpool

Corp

2

.400

05/15/31

198,016‌

TOTAL

CONSUMER

DURABLES

&

APPAREL

198,016‌

CONSUMER

SERVICES

-

1

.3

%

1,250,000

Conservation

Fund

3

.474

12/15/29

1,074,730‌

260,000

i

Nature

Conservancy

LIBOR

3

M

+

1.080%

6

.766

02/01/24

259,760‌

500,000

Nature

Conservancy

1

.511

07/01/29

413,447‌

TOTAL

CONSUMER

SERVICES

1,747,937‌

DIVERSIFIED

FINANCIALS

-

4

.5

%

1,000,000

BB

Blue

Financing

DAC

4

.395

09/20/29

976,130‌

Portfolio

of

investments

(unaudited)

Green

Bond

Fund

December

31,

2022

266

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

1,000,000

BB

Blue

Financing

DAC

4

.395

%

09/20/37

$

986,020‌

2,000,000

g

Cooperatieve

Rabobank

UA

1

.004

09/24/26

1,766,785‌

1,000,000

Goldman

Sachs

Group,

Inc

4

.387

06/15/27

963,418‌

1,000,000

National

Rural

Utilities

Cooperative

Finance

Corp

4

.150

12/15/32

923,414‌

285,000

g

Starwood

Property

Trust,

Inc

4

.375

01/15/27

249,397‌

500,000

g

WLB

Asset

II

C

Pte

Ltd

3

.900

12/23/25

460,011‌

TOTAL

DIVERSIFIED

FINANCIALS

6,325,175‌

ENERGY

-

0

.2

%

270,000

e,g

Sunnova

Energy

Corp

5

.875

09/01/26

241,215‌

TOTAL

ENERGY

241,215‌

FOOD

&

STAPLES

RETAILING

-

1

.5

%

1,000,000

SYSCO

Corp

2

.400

02/15/30

831,188‌

1,575,000

Walmart,

Inc

1

.800

09/22/31

1,281,763‌

TOTAL

FOOD

&

STAPLES

RETAILING

2,112,951‌

FOOD,

BEVERAGE

&

TOBACCO

-

1

.4

%

250,000

g

NBM

US

Holdings,

Inc

6

.625

08/06/29

241,445‌

1,000,000

PepsiCo,

Inc

3

.900

07/18/32

942,890‌

1,000,000

PepsiCo,

Inc

2

.875

10/15/49

714,440‌

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

1,898,775‌

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

0

.6

%

1,000,000

Kaiser

Foundation

Hospitals

2

.810

06/01/41

724,567‌

250,000

Stanford

Health

Care

3

.027

08/15/51

164,327‌

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

888,894‌

INSURANCE

-

1

.4

%

1,000,000

Aflac,

Inc

1

.125

03/15/26

885,970‌

1,000,000

g

Muenchener

Rueckversicherungs-Gesellschaft

AG.

in

Muenchen

5

.875

05/23/42

995,416‌

TOTAL

INSURANCE

1,881,386‌

MATERIALS

-

2

.0

%

1,000,000

g

FMG

Resources

August

2006

Pty

Ltd

6

.125

04/15/32

932,600‌

570,000

g

LG

Chem

Ltd

4

.375

07/14/25

551,682‌

500,000

g

LG

Chem

Ltd

3

.625

04/15/29

456,365‌

1,000,000

Sonoco

Products

Co

2

.250

02/01/27

889,185‌

TOTAL

MATERIALS

2,829,832‌

MEDIA

&

ENTERTAINMENT

-

0

.5

%

750,000

Family

Forest

Impact

Foundation

LLC

5

.500

07/01/32

744,259‌

TOTAL

MEDIA

&

ENTERTAINMENT

744,259‌

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

0

.6

%

1,000,000

Pfizer,

Inc

2

.625

04/01/30

878,422‌

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

878,422‌

REAL

ESTATE

-

2

.6

%

406,000

ERP

Operating

LP

4

.150

12/01/28

378,593‌

1,300,000

Federal

Realty

Investment

Trust

1

.250

02/15/26

1,144,942‌

250,000

g

HAT

Holdings

I

LLC

6

.000

04/15/25

242,070‌

250,000

g

HAT

Holdings

I

LLC

3

.375

06/15/26

217,200‌

250,000

g

HAT

Holdings

I

LLC

3

.750

09/15/30

183,704‌

1,000,000

Host

Hotels

&

Resorts

LP

2

.900

12/15/31

764,964‌

1,000,000

Kilroy

Realty

LP

2

.650

11/15/33

693,816‌

TOTAL

REAL

ESTATE

3,625,289‌

Portfolio

of

investments

(unaudited)

Green

Bond

Fund

December

31,

2022

267

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

1

.3

%

$

1,000,000

Intel

Corp

4

.150

%

08/05/32

$

934,961‌

1,000,000

NXP

BV

3

.400

05/01/30

864,144‌

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

1,799,105‌

SOFTWARE

&

SERVICES

-

0

.6

%

1,000,000

Mastercard,

Inc

1

.900

03/15/31

812,316‌

TOTAL

SOFTWARE

&

SERVICES

812,316‌

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

1

.8

%

1,000,000

Apple,

Inc

2

.850

02/23/23

997,247‌

1,600,000

Apple,

Inc

3

.000

06/20/27

1,506,749‌

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

2,503,996‌

TELECOMMUNICATION

SERVICES

-

1

.9

%

1,500,000

Verizon

Communications,

Inc

1

.500

09/18/30

1,166,151‌

1,000,000

e

Verizon

Communications,

Inc

2

.850

09/03/41

688,201‌

1,000,000

Verizon

Communications,

Inc

3

.875

03/01/52

758,355‌

TOTAL

TELECOMMUNICATION

SERVICES

2,612,707‌

UTILITIES

-

21

.2

%

527,000

Ameren

Illinois

Co

2

.900

06/15/51

350,546‌

270,000

g

Atlantica

Sustainable

Infrastructure

plc

4

.125

06/15/28

239,351‌

1,000,000

Avangrid,

Inc

3

.150

12/01/24

955,771‌

215,000

g

Consorcio

Transmantaro

SA

4

.700

04/16/34

195,650‌

241,875

g

Continuum

Energy

Levanter

Pte

Ltd

4

.500

02/09/27

217,057‌

1,000,000

DTE

Electric

Co

1

.900

04/01/28

868,982‌

1,000,000

Duke

Energy

Carolinas

LLC

2

.850

03/15/32

845,924‌

1,000,000

Duke

Energy

Florida

LLC

2

.500

12/01/29

854,616‌

1,000,000

Duke

Energy

Progress

LLC

3

.450

03/15/29

920,515‌

1,000,000

Duke

Energy

Progress

LLC

4

.000

04/01/52

799,904‌

250,000

g

Electricite

de

France

S.A.

3

.625

10/13/25

240,967‌

250,000

Evergy,

Inc

2

.550

07/01/26

230,269‌

1,000,000

Georgia

Power

Co

3

.250

04/01/26

945,430‌

284,100

g

India

Cleantech

Energy

4

.700

08/10/26

242,705‌

1,650,000

Interstate

Power

&

Light

Co

3

.600

04/01/29

1,508,611‌

1,000,000

g

Liberty

Utilities

Finance

GP

2

.050

09/15/30

751,231‌

1,000,000

MidAmerican

Energy

Co

3

.100

05/01/27

936,219‌

500,000

MidAmerican

Energy

Co

2

.700

08/01/52

320,128‌

1,075,000

g

New

York

State

Electric

&

Gas

Corp

2

.150

10/01/31

837,633‌

1,000,000

g

Niagara

Mohawk

Power

Corp

1

.960

06/27/30

790,486‌

500,000

Northwest

Natural

Gas

Co

3

.078

12/01/51

309,641‌

1,000,000

PacifiCorp

2

.900

06/15/52

652,789‌

375,000

PacifiCorp

5

.350

12/01/53

371,137‌

529,000

Public

Service

Co

of

Colorado

3

.700

06/15/28

503,378‌

1,000,000

Public

Service

Co

of

Colorado

3

.200

03/01/50

709,312‌

1,000,000

Public

Service

Co

of

Oklahoma

2

.200

08/15/31

796,326‌

1,000,000

e

Public

Service

Electric

and

Gas

Co

3

.100

03/15/32

874,126‌

1,000,000

San

Diego

Gas

&

Electric

Co

2

.950

08/15/51

675,368‌

1,000,000

SCE

Recovery

Funding

LLC

2

.943

11/15/42

781,862‌

960,000

SCE

Recovery

Funding

LLC

3

.240

11/15/46

688,943‌

250,000

g

Sociedad

de

Transmision

Austral

S.A.

4

.000

01/27/32

215,955‌

1,000,000

Southern

California

Edison

Co

2

.750

02/01/32

837,268‌

1,162,000

Southern

California

Edison

Co

3

.650

06/01/51

844,566‌

1,500,000

Southern

Power

Co

4

.150

12/01/25

1,470,111‌

1,000,000

Southwestern

Electric

Power

Co

3

.250

11/01/51

657,401‌

1,000,000

Southwestern

Public

Service

Co

3

.150

05/01/50

689,687‌

202,700

g

Star

Energy

Geothermal

Wayang

Windu

Ltd

6

.750

04/24/33

191,220‌

496,605

g

Sweihan

PV

Power

Co

PJSC

3

.625

01/31/49

397,890‌

323,362

g

Topaz

Solar

Farms

LLC

4

.875

09/30/39

285,367‌

500,000

TransAlta

Corp

7

.750

11/15/29

510,641‌

Portfolio

of

investments

(unaudited)

Green

Bond

Fund

December

31,

2022

268

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

184,656

g

UEP

Penonome

II

S.A.

6

.500

%

10/01/38

$

135,029‌

1,000,000

Union

Electric

Co

2

.150

03/15/32

790,377‌

500,000

Union

Electric

Co

2

.625

03/15/51

315,049‌

1,075,000

Union

Electric

Co

3

.900

04/01/52

866,055‌

1,050,000

g

Vistra

Corp

7

.000

N/A‡

955,430‌

1,000,000

Wisconsin

Power

and

Light

Co

3

.950

09/01/32

915,192‌

TOTAL

UTILITIES

29,492,115‌

TOTAL

CORPORATE

BONDS

78,604,751‌

(Cost

$86,859,902)

GOVERNMENT

BONDS

-

21

.9

%

AGENCY

SECURITIES

-

1

.7

%

201,048

Overseas

Private

Investment

Corp

(OPIC)

1

.790

10/15/29

180,336‌

201,048

OPIC

2

.360

10/15/29

184,114‌

1,561,587

OPIC

3

.430

06/01/33

1,458,131‌

250,000

United

States

International

Development

Finance

Corp

1

.650

04/15/28

219,120‌

201,048

United

States

International

Development

Finance

Corp

1

.050

10/15/29

175,385‌

239,913

United

States

International

Development

Finance

Corp

1

.630

07/15/38

191,659‌

TOTAL

AGENCY

SECURITIES

2,408,745‌

FOREIGN

GOVERNMENT

BONDS

-

10

.3

%

300,000

g

Arab

Petroleum

Investments

Corp

1

.483

10/06/26

267,001‌

579,000

Asian

Development

Bank

1

.750

08/14/26

529,780‌

750,000

Asian

Development

Bank

3

.125

09/26/28

706,032‌

250,000

g

CDP

Financial,

Inc

1

.000

05/26/26

222,182‌

250,000

European

Bank

for

Reconstruction

&

Development

1

.625

09/27/24

237,436‌

1,000,000

g

European

Investment

Bank

2

.875

06/13/25

965,079‌

1,250,000

European

Investment

Bank

0

.625

10/21/27

1,060,287‌

830,000

European

Investment

Bank

3

.250

11/15/27

797,801‌

250,000

European

Investment

Bank

1

.625

10/09/29

213,918‌

2,000,000

European

Investment

Bank

0

.750

09/23/30

1,568,909‌

1,000,000

Hydro-Quebec

8

.050

07/07/24

1,045,283‌

1,000,000

Inter-American

Investment

Corp

2

.625

04/22/25

957,635‌

500,000

International

Bank

for

Reconstruction

&

Development

2

.125

03/03/25

475,105‌

500,000

International

Bank

for

Reconstruction

&

Development

3

.125

11/20/25

483,040‌

1,000,000

International

Bank

for

Reconstruction

&

Development

0

.000

03/31/27

875,940‌

2,000,000

International

Bank

for

Reconstruction

&

Development

1

.625

11/03/31

1,637,018‌

500,000

Kreditanstalt

fuer

Wiederaufbau

1

.000

10/01/26

444,273‌

1,000,000

Kreditanstalt

fuer

Wiederaufbau

0

.750

09/30/30

780,923‌

1,000,000

g

OMERS

Finance

Trust

4

.000

04/19/52

795,523‌

300,000

g

Perusahaan

Penerbit

SBSN

Indonesia

III

3

.750

03/01/23

299,250‌

TOTAL

FOREIGN

GOVERNMENT

BONDS

14,362,415‌

MORTGAGE

BACKED

-

0

.3

%

250,000

i

Federal

National

Mortgage

Association

(FNMA)

1

.467

11/25/30

199,739‌

250,000

i

FNMA

1

.246

01/25/31

196,157‌

TOTAL

MORTGAGE

BACKED

395,896‌

MUNICIPAL

BONDS

-

7

.8

%

800,000

h

California

Community

Choice

Financing

Authority

5

.950

08/01/29

789,123‌

180,000

g

California

Municipal

Finance

Authority

6

.375

11/15/48

153,437‌

500,000

City

&

County

of

San

Francisco

CA

Community

Facilities

District

No

2014

6

.332

09/01/51

505,342‌

300,000

City

of

Cleveland

OH

Income

Tax

Revenue

3

.072

10/01/41

210,489‌

610,000

City

of

Fort

Wayne

IN

10

.750

12/01/29

601,533‌

600,000

City

of

Los

Angeles

Department

of

Airports

Customer

Facility

Charge

Revenue

4

.242

05/15/48

503,299‌

250,000

City

of

San

Francisco

CA

Public

Utilities

Commission

Water

Revenue

2

.825

11/01/41

186,881‌

250,000

g

County

of

Gallatin

MT

11

.500

09/01/27

260,390‌

Portfolio

of

investments

(unaudited)

Green

Bond

Fund

December

31,

2022

269

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MUNICIPAL

BONDS—continued

$

500,000

District

of

Columbia

3

.850

%

02/28/25

$

481,307‌

1,000,000

g

Florida

Development

Finance

Corp

7

.250

07/01/57

997,229‌

600,000

Grant

County

Public

Utility

District

No

2

1

.544

01/01/23

600,000‌

250,000

Grant

County

Public

Utility

District

No

2

3

.210

01/01/40

191,425‌

235,000

Great

Lakes

Water

Authority

Sewage

Disposal

System

Revenue

3

.056

07/01/39

180,907‌

100,000

Klickitat

County

Public

Utilities

3

.688

12/01/38

82,467‌

315,000

Massachusetts

Clean

Energy

Cooperative

Corp

2

.485

07/01/32

250,906‌

500,000

Metropolitan

Transportation

Authority

5

.175

11/15/49

433,221‌

170,000

Morris

County

Improvement

Authority

1

.298

06/15/27

146,784‌

210,000

Mount

Shasta

Public

Financing

Authority

3

.000

08/01/35

193,039‌

220,000

Mount

Shasta

Public

Financing

Authority

2

.625

08/01/36

189,085‌

120,000

Mount

Shasta

Public

Financing

Authority

2

.625

08/01/37

100,393‌

160,000

Mount

Shasta

Public

Financing

Authority

2

.750

08/01/38

133,629‌

165,000

Mount

Shasta

Public

Financing

Authority

2

.750

08/01/39

135,063‌

1,840,000

New

York

State

Energy

Research

&

Development

Authority

4

.521

04/01/26

1,791,143‌

65,000

New

York

State

Energy

Research

&

Development

Authority

4

.577

04/01/35

62,758‌

500,000

g

Ohio

Air

Quality

Development

Authority

4

.500

01/15/48

439,238‌

240,000

g

Pennsylvania

Economic

Development

Financing

Authority

10

.000

12/01/29

223,402‌

1,152,899

State

of

Hawaii

Department

of

Business

Economic

Development

&

Tourism

3

.242

01/01/31

1,074,035‌

TOTAL

MUNICIPAL

BONDS

10,916,525‌

U.S.

TREASURY

SECURITIES

-

1

.8

%

300,000

United

States

Treasury

Note

4

.250

12/31/24

298,957‌

100,000

United

States

Treasury

Note

3

.875

12/31/27

99,422‌

2,040,000

United

States

Treasury

Note

4

.125

11/15/32

2,081,756‌

TOTAL

U.S.

TREASURY

SECURITIES

2,480,135‌

TOTAL

GOVERNMENT

BONDS

30,563,716‌

(Cost

$33,214,901)

STRUCTURED

ASSETS

-

16

.6

%

ASSET

BACKED

-

8

.6

%

250,000

g,i

BFLD

Trust

LIBOR

1

M

+

2.100%

6

.418

10/15/35

222,512‌

Series

-

2020

EYP

(Class

C)

81,730

g

GoodLeap

Sustainable

Home

Solutions

Trust

2

.100

05/20/48

58,109‌

Series

-

2021

3CS

(Class

A)

292,228

g

GoodLeap

Sustainable

Home

Solutions

Trust

1

.930

07/20/48

222,637‌

Series

-

2021

4GS

(Class

A)

252,774

g

GoodLeap

Sustainable

Home

Solutions

Trust

2

.560

10/20/48

177,964‌

Series

-

2021

5CS

(Class

B)

466,252

g

GoodLeap

Sustainable

Home

Solutions

Trust

2

.700

01/20/49

357,250‌

Series

-

2022

1GS

(Class

A)

975,853

g

GoodLeap

Sustainable

Home

Solutions

Trust

4

.950

07/20/49

903,155‌

Series

-

2022

3CS

(Class

A)

500,000

g

GoodLeap

Sustainable

Home

Solutions

Trust

5

.550

11/20/54

436,366‌

Series

-

2022

4CS

(Class

B)

112,701

g

HERO

Funding

Trust

4

.050

09/20/41

107,082‌

Series

-

2016

1A

(Class

A)

169,552

g

HERO

Funding

Trust

3

.910

09/20/42

159,637‌

Series

-

2016

3A

(Class

A2)

102,434

g

HERO

Funding

Trust

4

.290

09/20/47

97,688‌

Series

-

2016

4A

(Class

A2)

48,042

g

HERO

Funding

Trust

4

.460

09/20/47

45,499‌

Series

-

2017

1A

(Class

A2)

112,891

g

HERO

Funding

Trust

3

.190

09/20/48

102,881‌

Series

-

2017

3A

(Class

A1)

Portfolio

of

investments

(unaudited)

Green

Bond

Fund

December

31,

2022

270

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

227,476

g

HERO

Funding

Trust

3

.950

%

09/20/48

$

210,080‌

Series

-

2017

3A

(Class

A2)

124,955

g

HERO

Funding

Trust

2

.720

09/20/57

109,397‌

Series

-

2020

1A

(Class

A)

171,926

g

Loanpal

Solar

Loan

Ltd

2

.290

01/20/48

130,753‌

Series

-

2021

1GS

(Class

A)

232,865

†,g

Mosaic

Solar

Loan

Trust

0

.000

04/20/46

168,362‌

Series

-

2020

1A

(Class

R)

425,237

g

Mosaic

Solar

Loan

Trust

2

.100

04/20/46

369,132‌

Series

-

2020

1A

(Class

A)

144,230

g

Mosaic

Solar

Loan

Trust

1

.440

08/20/46

120,317‌

Series

-

2020

2A

(Class

A)

797,024

g

Mosaic

Solar

Loan

Trust

2

.050

12/20/46

601,501‌

Series

-

2021

1A

(Class

B)

309,803

g

Mosaic

Solar

Loan

Trust

2

.250

12/20/46

269,415‌

Series

-

2021

1A

(Class

C)

543,913

g

Mosaic

Solar

Loan

Trust

1

.440

06/20/52

428,876‌

Series

-

2021

3A

(Class

A)

1,000,000

g

Mosaic

Solar

Loan

Trust

1

.770

06/20/52

842,236‌

Series

-

2021

3A

(Class

C)

950,000

g

Mosaic

Solar

Loan

Trust

6

.160

06/20/53

947,359‌

Series

-

2022

3A

(Class

A)

177,526

g

Renew

2

.060

11/20/56

151,140‌

Series

-

2021

1

(Class

A)

1,132,376

g

Sunnova

Helios

VIII

Issuer

LLC

2

.790

02/22/49

969,827‌

Series

-

2022

A

(Class

A)

226,697

g

Sunrun

Athena

Issuer

LLC

5

.310

04/30/49

207,596‌

Series

-

2018

1

(Class

A)

457,726

g

Sunrun

Atlas

Issuer

LLC

3

.610

02/01/55

402,709‌

Series

-

2019

2

(Class

A)

363,751

g

Sunrun

Callisto

Issuer

LLC

3

.980

06/30/54

321,745‌

Series

-

2019

1A

(Class

A)

472,915

g

Sunrun

Jupiter

Issuer

LLC

4

.750

07/30/57

432,580‌

Series

-

2022

1A

(Class

A)

234,035

g

Sunrun

Vulcan

Issuer

LLC

2

.460

01/30/52

188,093‌

Series

-

2021

1A

(Class

A)

250,000

g

Tesla

Auto

Lease

Trust

0

.780

12/20/23

249,107‌

Series

-

2020

A

(Class

A4)

250,000

g

Tesla

Auto

Lease

Trust

2

.330

02/20/24

247,331‌

Series

-

2020

A

(Class

D)

250,000

g

Tesla

Auto

Lease

Trust

0

.560

03/20/25

242,355‌

Series

-

2021

A

(Class

A3)

300,000

g

Tesla

Auto

Lease

Trust

0

.600

09/22/25

282,665‌

Series

-

2021

B

(Class

A3)

474,782

g

Vivint

Colar

Financing

V

LLC

7

.370

04/30/48

435,531‌

Series

-

2018

1A

(Class

B)

918,852

g

Vivint

Solar

Financing

VII

LLC

2

.210

07/31/51

703,240‌

Series

-

2020

1A

(Class

A)

TOTAL

ASSET

BACKED

11,922,127‌

OTHER

MORTGAGE

BACKED

-

8

.0

%

250,000

g,i

Alen

Mortgage

Trust

LIBOR

1

M

+

1.650%

5

.968

04/15/34

224,253‌

Series

-

2021

ACEN

(Class

B)

100,000

g

BBCMS

Trust

4

.498

08/10/35

92,588‌

Series

-

2015

SRCH

(Class

B)

250,000

g,i

Cityline

Commercial

Mortgage

Trust

2

.778

11/10/31

240,830‌

Series

-

2016

CLNE

(Class

A)

500,000

g

COMM

Mortgage

Trust

3

.178

02/10/35

462,724‌

Series

-

2015

3BP

(Class

A)

Portfolio

of

investments

(unaudited)

Green

Bond

Fund

December

31,

2022

271

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

100,000

g

COMM

Mortgage

Trust

3

.376

%

01/10/39

$

83,711‌

Series

-

2022

HC

(Class

C)

500,000

g

CPT

Mortgage

Trust

2

.865

11/13/39

400,070‌

Series

-

2019

CPT

(Class

A)

500,000

g,i

DBUBS

Mortgage

Trust

3

.530

10/10/34

447,531‌

Series

-

2017

BRBK

(Class

D)

210,000

g,i

GCT

Commercial

Mortgage

Trust

LIBOR

1

M

+

0.800%

5

.118

02/15/38

195,302‌

Series

-

2021

GCT

(Class

A)

1,102,000

g,i

GS

Mortgage

Securities

Corp

II

4

.904

03/10/33

1,020,989‌

Series

-

2018

GS10

(Class

WLSA)

345,000

g,i

Hudson

Yards

Mortgage

Trust

3

.443

07/10/39

257,250‌

Series

-

2019

30HY

(Class

E)

1,255,000

g,i

J.P.

Morgan

Chase

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

1.370%

5

.688

10/15/33

1,190,905‌

Series

-

2020

609M

(Class

A)

1,000,000

g,i

J.P.

Morgan

Chase

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

1.770%

6

.088

10/15/33

936,375‌

Series

-

2020

609M

(Class

B)

1,000,000

g

Manhattan

West

Mortgage

Trust

2

.130

09/10/39

855,383‌

Series

-

2020

1MW

(Class

A)

250,000

g,i

MFT

Trust

3

.283

08/10/40

176,775‌

Series

-

2020

B6

(Class

B)

250,000

g,i

Morgan

Stanley

Capital

I

Trust

2

.428

04/05/42

174,266‌

Series

-

2020

CNP

(Class

C)

350,586

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

1.500%

5

.818

07/15/36

335,800‌

Series

-

2019

MILE

(Class

A)

500,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

2.750%

7

.068

07/15/36

446,244‌

Series

-

2019

MILE

(Class

D)

250,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

4.250%

8

.568

07/15/36

223,070‌

Series

-

2019

MILE

(Class

F)

11,470,000

g,i

NYC

Commercial

Mortgage

Trust

0

.226

04/10/43

193,120‌

Series

-

2021

909

(Class

X)

500,000

g

One

Bryant

Park

Trust

2

.516

09/15/54

410,472‌

Series

-

2019

OBP

(Class

A)

1,000,000

g

One

Market

Plaza

Trust

3

.614

02/10/32

962,642‌

Series

-

2017

1MKT

(Class

A)

500,000

g

One

Market

Plaza

Trust

4

.016

02/10/32

471,232‌

Series

-

2017

1MKT

(Class

C)

1,000,000

g

One

Market

Plaza

Trust

4

.146

02/10/32

924,517‌

Series

-

2017

1MKT

(Class

D)

400,000

g,i

STWD

Mortgage

Trust

LIBOR

1

M

+

2.305%

6

.623

11/15/36

373,478‌

Series

-

2021

LIH

(Class

D)

100,000

g,i

VNDO

Trust

3

.903

01/10/35

81,493‌

Series

-

2016

350P

(Class

D)

TOTAL

OTHER

MORTGAGE

BACKED

11,181,020‌

TOTAL

STRUCTURED

ASSETS

23,103,147‌

(Cost

$25,713,469)

TOTAL

BONDS

132,271,614‌

(Cost

$145,788,272)

SHARES

COMPANY

REFERENCERATE

&

SPREAD

PREFERRED

STOCKS

-

0.7%

REAL

ESTATE

-

0

.2

%

10,000

Brookfield

Property

Partners

LP

152,100‌

10,000

Brookfield

Property

Partners

LP

135,300‌

TOTAL

REAL

ESTATE

287,400‌

Portfolio

of

investments

(unaudited)

Green

Bond

Fund

December

31,

2022

272

December

31,

2022

TIAA-CREF

Funds

concluded

SHARES

COMPANY

REFERENCERATE

&

SPREAD

VALUE

UTILITIES

-

0

.5

%

20,000

Brookfield

Infrastructure

Partners

LP

$

320,998‌

16,000

Brookfield

Renewable

Partners

LP

301,440‌

TOTAL

UTILITIES

622,438‌

TOTAL

PREFERRED

STOCKS

909,838‌

(Cost

$1,400,000)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS

-

4.5%

GOVERNMENT

AGENCY

DEBT

-

3

.2

%

$

4,448,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

%

01/03/23

4,448,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

4,448,000‌

SHARES

COMPANY

EXP

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

-

1

.3

%

1,865,457

c

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4

.340

1,865,457‌

TOTAL

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

1,865,457‌

TOTAL

SHORT-TERM

INVESTMENTS

6,313,457‌

(Cost

$6,312,493)

TOTAL

INVESTMENTS

-

101.6%

141,391,102‌

(Cost

$155,429,454)

OTHER

ASSETS

&

LIABILITIES,

NET

-

(1.6)%

(

2,215,282‌

)

NET

ASSETS

-

100.0%

$

139,175,820‌

LIBOR

London

Interbank

Offered

Rate

M

Month

SOFR

Secure

Overnight

Financing

Rate

†

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

‡

Perpetual

security

c

Investments

made

with

cash

collateral

received

from

securities

on

loan.

e

All

or

a

portion

of

these

securities

are

out

on

loan.

The

aggregate

value

of

securities

on

loan

is

$1,785,239.

g

Security

is

exempt

from

registration

under

Rule

144(A)

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

h

All

or

a

portion

of

these

securities

were

purchased

on

a

delayed

delivery

basis.

i

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

Portfolio

of

investments

(unaudited)

High-Yield

Fund

December

31,

2022

273

TIAA-CREF

Funds

December

31,

2022

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANK

LOAN

OBLIGATIONS

-

4.0%

CAPITAL

GOODS

-

0.0%

$

12,630

i

Vertiv

Group

Corp

LIBOR

1

M

+

2.750%

2.750

%

03/02/27

$

12,222‌

TOTAL

CAPITAL

GOODS

12,222‌

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0.3%

9,654,006

i

Spin

Holdco,

Inc

LIBOR

4

M

+

4.000%

8.765

03/04/28

8,191,424‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

8,191,424‌

CONSUMER

SERVICES

-

0.4%

9,806,021

i

ClubCorp

Holdings,

Inc

LIBOR

4

M

+

2.750%

7.480

09/18/24

8,876,949‌

TOTAL

CONSUMER

SERVICES

8,876,949‌

FOOD,

BEVERAGE

&

TOBACCO

-

0.3%

9,439,463

i

Triton

Water

Holdings,

Inc

LIBOR

4

M

+

3.500%

8.230

03/31/28

8,810,559‌

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

8,810,559‌

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

0.4%

10,540,576

i

Verscend

Holding

Corp

LIBOR

12

M

+

4.000%

8.384

08/27/25

10,494,461‌

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

10,494,461‌

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0.3%

7,350,000

i

Kronos

Acquisition

Holdings,

Inc

LIBOR

4

M

+

3.750%

8.485

12/22/26

7,011,716‌

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

7,011,716‌

MEDIA

&

ENTERTAINMENT

-

0.3%

5,681,281

i

Abe

Investment

Holdings

LIBOR

12

M

+

4.500%

8.938

02/19/26

5,677,731‌

1,185,303

i

Diamond

Sports

Group

LLC

SOFR

12M

+

8.000%

12.317

05/25/26

1,126,286‌

TOTAL

MEDIA

&

ENTERTAINMENT

6,804,017‌

RETAILING

-

0.6%

10,566,225

i

Jo-Ann

Stores

LLC

LIBOR

4

M

+

4.750%

9.077

07/07/28

7,246,687‌

9,529,375

i

Staples,

Inc

LIBOR

4

M

+

5.000%

7.782

04/16/26

8,837,161‌

TOTAL

RETAILING

16,083,848‌

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0.0%

171,294

i

Bright

Bidco

BV

CME

Term

SOFR

4

+

8.000%

8.000

10/31/27

150,453‌

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

150,453‌

SOFTWARE

&

SERVICES

-

1.1%

17,037

i

Finastra

USA,

Inc

LIBOR

4

M

+

3.500%

6.871

06/13/24

15,113‌

4,825,000

i

Greeneden

US

Holdings

II

LLC

LIBOR

12

M

+

4.000%

8.384

12/01/27

4,643,074‌

15,350,000

h

Open

Text

Corp

6.134

05/30/25

15,029,569‌

7,342,503

i

Rocket

Software,

Inc

LIBOR

12

M

+

4.250%

8.634

11/28/25

7,090,104‌

TOTAL

SOFTWARE

&

SERVICES

26,777,860‌

TRANSPORTATION

-

0.3%

7,483,305

i

Air

Canada

LIBOR

4

M

+

3.500%

8.130

08/11/28

7,418,986‌

TOTAL

TRANSPORTATION

7,418,986‌

TOTAL

BANK

LOAN

OBLIGATIONS

100,632,495‌

(Cost

$107,626,841)

Portfolio

of

investments

(unaudited)

High-Yield

Fund

December

31,

2022

274

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BONDS

-

92.6%

CORPORATE

BONDS

-

92.6%

AUTOMOBILES

&

COMPONENTS

-

4.0%

$

12,450,000

g

Adient

Global

Holdings

Ltd

4.875

%

08/15/26

$

11,590,701‌

4,195,000

Dana,

Inc

5.375

11/15/27

3,891,349‌

15,040,000

Dana,

Inc

4.500

02/15/32

12,026,648‌

5,825,000

Ford

Motor

Co

9.625

04/22/30

6,589,414‌

5,000,000

Ford

Motor

Co

3.250

02/12/32

3,749,708‌

22,075,000

e,g

Gates

Global

LLC

6.250

01/15/26

21,302,375‌

6,815,000

e

Goodyear

Tire

&

Rubber

Co

5.000

07/15/29

5,684,730‌

15,000,000

e

Goodyear

Tire

&

Rubber

Co

5.250

04/30/31

12,454,430‌

4,540,000

e

Goodyear

Tire

&

Rubber

Co

5.250

07/15/31

3,713,448‌

5,000,000

e

Goodyear

Tire

&

Rubber

Co

5.625

04/30/33

4,081,506‌

1,100,000

g,o

IHO

Verwaltungs

GmbH

4.750

09/15/26

951,900‌

16,050,000

g,o

IHO

Verwaltungs

GmbH

6.375

05/15/29

13,562,651‌

TOTAL

AUTOMOBILES

&

COMPONENTS

99,598,860‌

CAPITAL

GOODS

-

2.6%

10,145,000

g

Builders

FirstSource,

Inc

6.375

06/15/32

9,528,653‌

7,135,000

g

Chart

Industries,

Inc

7.500

01/01/30

7,172,744‌

5,140,000

g

Chart

Industries,

Inc

9.500

01/01/31

5,271,636‌

9,519,000

g

H&E

Equipment

Services,

Inc

3.875

12/15/28

8,108,189‌

8,950,000

g

Rolls-Royce

plc

5.750

10/15/27

8,524,875‌

12,250,000

TransDigm

UK

Holdings

plc

6.875

05/15/26

11,962,292‌

4,000,000

TransDigm,

Inc

7.500

03/15/27

3,957,629‌

10,060,000

g

WESCO

Distribution,

Inc

7.250

06/15/28

10,190,518‌

TOTAL

CAPITAL

GOODS

64,716,536‌

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

6.5%

5,245,000

g

ADT

Corp

4.875

07/15/32

4,457,352‌

13,105,000

g

ADT

Security

Corp

4.125

08/01/29

11,145,227‌

13,945,000

g

Albion

Financing

1

SARL

6.125

10/15/26

12,436,290‌

24,040,000

e,g

Albion

Financing

2

SARL

8.750

04/15/27

20,471,111‌

11,100,000

g

Allied

Universal

Holdco

LLC

6.625

07/15/26

10,156,500‌

5,000,000

g

Allied

Universal

Holdco

LLC

4.625

06/01/28

4,129,650‌

10,785,000

g

ASGN,

Inc

4.625

05/15/28

9,762,582‌

21,600,000

g

Garda

World

Security

Corp

4.625

02/15/27

19,072,368‌

15,075,000

g

Prime

Security

Services

Borrower

LLC

5.750

04/15/26

14,509,688‌

5,325,000

g

Prime

Security

Services

Borrower

LLC

3.375

08/31/27

4,596,458‌

18,100,000

g

Prime

Security

Services

Borrower

LLC

6.250

01/15/28

16,473,896‌

6,750,000

g

Science

Applications

International

Corp

4.875

04/01/28

6,243,736‌

14,110,000

g

United

Rentals

North

America,

Inc

6.000

12/15/29

14,021,813‌

14,618,000

g

WASH

Multifamily

Acquisition,

Inc

5.750

04/15/26

13,777,465‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

161,254,136‌

CONSUMER

DURABLES

&

APPAREL

-

0.9%

8,900,000

e,g

Hanesbrands,

Inc

4.875

05/15/26

7,952,781‌

3,025,000

Newell

Brands,

Inc

6.375

09/15/27

3,002,312‌

5,200,000

Newell

Rubbermaid,

Inc

5.750

04/01/46

4,144,785‌

8,880,000

e,g

Wolverine

World

Wide,

Inc

4.000

08/15/29

6,727,133‌

TOTAL

CONSUMER

DURABLES

&

APPAREL

21,827,011‌

CONSUMER

SERVICES

-

4.9%

5,000,000

g

1011778

BC

ULC

3.875

01/15/28

4,472,728‌

11,845,000

g

Carnival

Corp

4.000

08/01/28

9,658,532‌

20,995,000

g

CDI

Escrow

Issuer,

Inc

5.750

04/01/30

18,820,530‌

7,840,000

g

Constellation

Merger

Sub,

Inc

8.500

09/15/25

6,899,200‌

11,140,000

g

Fertitta

Entertainment

LLC

4.625

01/15/29

9,427,058‌

9,135,000

g

Hilton

Grand

Vacations

Borrower

Escrow

LLC

5.000

06/01/29

7,856,100‌

Portfolio

of

investments

(unaudited)

High-Yield

Fund

December

31,

2022

275

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

CONSUMER

SERVICES—continued

$

5,000,000

Hilton

Worldwide

Finance

LLC

4.875

%

04/01/27

$

4,759,139‌

3,880,000

g

International

Game

Technology

plc

4.125

04/15/26

3,618,699‌

4,650,000

g

International

Game

Technology

plc

6.250

01/15/27

4,615,125‌

2,025,000

g

International

Game

Technology

plc

5.250

01/15/29

1,887,015‌

16,300,000

g

Life

Time,

Inc

5.750

01/15/26

15,167,150‌

11,425,000

g

Live

Nation

Entertainment,

Inc

6.500

05/15/27

11,179,936‌

2,715,000

g

Marriott

Ownership

Resorts,

Inc

4.500

06/15/29

2,252,435‌

10,000,000

g

Penn

National

Gaming,

Inc

5.625

01/15/27

9,067,400‌

14,665,000

Yum!

Brands,

Inc

5.375

04/01/32

13,583,456‌

TOTAL

CONSUMER

SERVICES

123,264,503‌

DIVERSIFIED

FINANCIALS

-

7.8%

11,225,000

e

Ally

Financial,

Inc

7.100

11/15/27

11,419,900‌

9,447,000

g

Compass

Group

Diversified

Holdings

LLC

5.250

04/15/29

8,084,658‌

10,000,000

g

Compass

Group

Diversified

Holdings

LLC

5.000

01/15/32

7,900,632‌

10,835,000

Ford

Motor

Credit

Co

LLC

2.300

02/10/25

9,891,055‌

10,000,000

Ford

Motor

Credit

Co

LLC

3.375

11/13/25

9,040,128‌

18,035,000

Ford

Motor

Credit

Co

LLC

4.950

05/28/27

16,824,851‌

2,000,000

Ford

Motor

Credit

Co

LLC

7.350

11/04/27

2,049,400‌

20,000,000

Ford

Motor

Credit

Co

LLC

5.113

05/03/29

18,110,900‌

3,650,000

General

Motors

Financial

Co,

Inc

5.700

N/A‡

3,089,269‌

2,250,000

Icahn

Enterprises

LP

6.250

05/15/26

2,162,016‌

9,700,000

Icahn

Enterprises

LP

5.250

05/15/27

8,881,320‌

15,375,000

Icahn

Enterprises

LP

4.375

02/01/29

13,001,869‌

5,000,000

g

LPL

Holdings,

Inc

4.000

03/15/29

4,350,500‌

11,800,000

g

LPL

Holdings,

Inc

4.375

05/15/31

10,031,763‌

3,000,000

Navient

Corp

6.125

03/25/24

2,938,858‌

5,000,000

Navient

Corp

6.750

06/25/25

4,799,538‌

4,000,000

e

Navient

Corp

5.000

03/15/27

3,501,652‌

10,000,000

Navient

Corp

4.875

03/15/28

8,224,174‌

5,330,000

Navient

Corp

5.500

03/15/29

4,349,282‌

11,465,000

OneMain

Finance

Corp

3.500

01/15/27

9,492,676‌

15,650,000

OneMain

Finance

Corp

4.000

09/15/30

11,677,085‌

5,000,000

g

Rocket

Mortgage

LLC

2.875

10/15/26

4,285,812‌

10,000,000

g

Rocket

Mortgage

LLC

3.875

03/01/31

7,632,754‌

5,000,000

g

Rocket

Mortgage

LLC

4.000

10/15/33

3,734,300‌

10,960,000

Springleaf

Finance

Corp

5.375

11/15/29

8,964,190‌

TOTAL

DIVERSIFIED

FINANCIALS

194,438,582‌

ENERGY

-

13.8%

14,075,000

g

Antero

Midstream

Partners

LP

5.750

03/01/27

13,305,904‌

10,000,000

Apache

Corp

5.100

09/01/40

8,287,125‌

9,550,000

g

Archrock

Partners

LP

6.875

04/01/27

9,117,044‌

11,681,000

g

Archrock

Partners

LP

6.250

04/01/28

10,688,256‌

5,200,000

g

Ascent

Resources

Utica

Holdings

LLC

7.000

11/01/26

5,044,101‌

4,170,000

e,g

Calumet

Specialty

Products

Partners

LP

8.125

01/15/27

3,898,950‌

569,010

o

Cloud

Peak

Energy,

Inc

12.000

05/01/25

525,395‌

5,700,000

g

Crestwood

Midstream

Partners

LP

5.625

05/01/27

5,301,000‌

11,800,000

g

Crestwood

Midstream

Partners

LP

6.000

02/01/29

10,826,626‌

11,775,000

g

DT

Midstream,

Inc

4.125

06/15/29

10,116,020‌

7,975,000

g

DT

Midstream,

Inc

4.375

06/15/31

6,690,227‌

2,932,000

g

Energean

Israel

Finance

Ltd

4.500

03/30/24

2,822,050‌

1,630,000

g

Energean

Israel

Finance

Ltd

4.875

03/30/26

1,495,036‌

5,800,000

g

Energean

Israel

Finance

Ltd

5.375

03/30/28

5,183,750‌

7,969,000

g

Energean

Israel

Finance

Ltd

5.875

03/30/31

6,942,991‌

10,000,000

Energy

Transfer

LP

6.500

N/A‡

8,600,000‌

1,569,000

g

EnLink

Midstream

LLC

5.625

01/15/28

1,494,470‌

5,210,000

EnLink

Midstream

LLC

5.375

06/01/29

4,820,699‌

5,880,000

e,g

EnLink

Midstream

LLC

6.500

09/01/30

5,819,436‌

1,259,000

EnLink

Midstream

Partners

LP

4.150

06/01/25

1,189,816‌

Portfolio

of

investments

(unaudited)

High-Yield

Fund

December

31,

2022

276

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

5,000,000

EnLink

Midstream

Partners

LP

4.850

%

07/15/26

$

4,700,140‌

1,615,000

g

EQM

Midstream

Partners

LP

6.000

07/01/25

1,558,470‌

1,365,000

g

EQM

Midstream

Partners

LP

7.500

06/01/27

1,336,690‌

7,200,000

g

EQM

Midstream

Partners

LP

6.500

07/01/27

6,881,400‌

4,250,000

g

EQM

Midstream

Partners

LP

4.500

01/15/29

3,569,690‌

5,125,000

g

EQM

Midstream

Partners

LP

4.750

01/15/31

4,189,687‌

17,500,000

EQT

Midstream

Partners

LP

6.500

07/15/48

13,117,563‌

4,400,000

Genesis

Energy

LP

6.500

10/01/25

4,205,124‌

15,000,000

Genesis

Energy

LP

6.250

05/15/26

13,724,499‌

10,825,000

g

Hess

Midstream

Operations

LP

5.625

02/15/26

10,544,470‌

6,340,000

g

Hilcorp

Energy

I

LP

5.750

02/01/29

5,643,022‌

6,185,000

g

Hilcorp

Energy

I

LP

6.000

04/15/30

5,500,172‌

6,166,000

g

Hilcorp

Energy

I

LP

6.000

02/01/31

5,318,537‌

8,685,000

g

Hilcorp

Energy

I

LP

6.250

04/15/32

7,494,424‌

8,205,000

g

Holly

Energy

Partners

LP

6.375

04/15/27

8,061,346‌

5,295,000

g

Kinetik

Holdings

LP

5.875

06/15/30

4,965,561‌

10,982,000

Murphy

Oil

Corp

5.875

12/01/27

10,567,869‌

8,750,000

g

NGL

Energy

Operating

LLC

7.500

02/01/26

7,790,924‌

17,875,000

Occidental

Petroleum

Corp

6.375

09/01/28

18,041,926‌

11,800,000

Occidental

Petroleum

Corp

8.875

07/15/30

13,322,253‌

10,000,000

Occidental

Petroleum

Corp

6.450

09/15/36

10,200,000‌

336,000

Occidental

Petroleum

Corp

6.200

03/15/40

328,808‌

516,000

Occidental

Petroleum

Corp

6.600

03/15/46

530,959‌

1,479,000

Occidental

Petroleum

Corp

4.400

04/15/46

1,155,129‌

6,658,000

g

Parkland

Corp

4.500

10/01/29

5,547,887‌

9,440,000

g

Parkland

Corp

4.625

05/01/30

7,811,600‌

5,900,000

SM

Energy

Co

6.750

09/15/26

5,728,015‌

7,500,000

SM

Energy

Co

6.625

01/15/27

7,224,150‌

4,527,000

Sunoco

LP

4.500

05/15/29

3,959,767‌

18,000,000

USA

Compression

Partners

LP

6.875

04/01/26

17,267,220‌

2,650,000

USA

Compression

Partners

LP

6.875

09/01/27

2,477,751‌

8,575,000

Western

Midstream

Operating

LP

4.550

02/01/30

7,485,289‌

2,000,000

Western

Midstream

Operating

LP

5.500

02/01/50

1,647,600‌

TOTAL

ENERGY

344,066,838‌

FOOD

&

STAPLES

RETAILING

-

0.8%

8,455,000

g

Albertsons

Cos

LLC

5.875

02/15/28

8,038,000‌

4,045,000

g

Albertsons

Cos,

Inc

4.625

01/15/27

3,757,279‌

10,665,000

g

Performance

Food

Group,

Inc

4.250

08/01/29

9,242,502‌

TOTAL

FOOD

&

STAPLES

RETAILING

21,037,781‌

FOOD,

BEVERAGE

&

TOBACCO

-

1.9%

13,325,000

g

Chobani

LLC

4.625

11/15/28

11,600,878‌

10,115,000

g

Darling

Ingredients,

Inc

6.000

06/15/30

9,887,412‌

19,950,000

g

Primo

Water

Holdings,

Inc

4.375

04/30/29

17,228,651‌

10,000,000

g

Triton

Water

Holdings,

Inc

6.250

04/01/29

8,021,400‌

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

46,738,341‌

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

4.8%

2,500,000

g

CHS/Community

Health

Systems,

Inc

8.000

03/15/26

2,276,037‌

2,275,000

g

CHS/Community

Health

Systems,

Inc

5.625

03/15/27

1,950,722‌

3,850,000

e,g

CHS/Community

Health

Systems,

Inc

8.000

12/15/27

3,484,588‌

11,215,000

g

CHS/Community

Health

Systems,

Inc

5.250

05/15/30

8,456,527‌

9,025,000

g

DaVita,

Inc

4.625

06/01/30

7,259,951‌

1,540,000

g

DaVita,

Inc

3.750

02/15/31

1,149,379‌

8,100,000

Encompass

Health

Corp

4.500

02/01/28

7,358,040‌

5,000,000

Encompass

Health

Corp

4.625

04/01/31

4,297,584‌

15,000,000

g

Global

Medical

Response,

Inc

6.500

10/01/25

10,735,650‌

14,250,000

g

MPH

Acquisition

Holdings

LLC

5.500

09/01/28

11,116,425‌

11,895,000

g

Owens

&

Minor,

Inc

6.625

04/01/30

10,222,563‌

Portfolio

of

investments

(unaudited)

High-Yield

Fund

December

31,

2022

277

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

HEALTH

CARE

EQUIPMENT

&

SERVICES—continued

$

7,500,000

e,g

Tenet

Healthcare

Corp

4.625

%

06/15/28

$

6,710,558‌

17,050,000

e,g

Tenet

Healthcare

Corp

6.125

10/01/28

15,265,206‌

5,000,000

g

Tenet

Healthcare

Corp

4.250

06/01/29

4,331,500‌

28,000,000

g

Tenet

Healthcare

Corp

4.375

01/15/30

24,235,820‌

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

118,850,550‌

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0.8%

14,200,000

g

Coty,

Inc

5.000

04/15/26

13,465,462‌

7,950,000

e,g

Kronos

Acquisition

Holdings,

Inc

7.000

12/31/27

6,538,875‌

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

20,004,337‌

INSURANCE

-

1.6%

18,513,000

g

Acrisure

LLC

4.250

02/15/29

15,280,888‌

11,725,000

g

Alliant

Holdings

Intermediate

LLC

4.250

10/15/27

10,501,235‌

10,085,000

g

AmWINS

Group,

Inc

4.875

06/30/29

8,553,560‌

5,995,000

g

NFP

Corp

7.500

10/01/30

5,637,600‌

TOTAL

INSURANCE

39,973,283‌

MATERIALS

-

10.0%

5,000,000

g

Ardagh

Metal

Packaging

Finance

USA

LLC

3.250

09/01/28

4,247,226‌

5,025,000

g

Ardagh

Metal

Packaging

Finance

USA

LLC

4.000

09/01/29

3,982,450‌

5,940,000

g

Avient

Corp

7.125

08/01/30

5,806,540‌

10,275,000

Ball

Corp

6.875

03/15/28

10,554,172‌

28,500,000

Celanese

US

Holdings

LLC

6.050

03/15/25

28,389,117‌

10,000,000

Celanese

US

Holdings

LLC

6.330

07/15/29

9,716,414‌

3,250,000

Commercial

Metals

Co

4.125

01/15/30

2,875,784‌

7,110,000

Commercial

Metals

Co

4.375

03/15/32

6,185,177‌

9,325,000

e,g

Constellium

SE

3.750

04/15/29

7,575,979‌

10,000,000

g

EverArc

Escrow

Sarl

5.000

10/30/29

8,200,000‌

3,000,000

g

First

Quantum

Minerals

Ltd

7.500

04/01/25

2,920,021‌

4,750,000

e,g

First

Quantum

Minerals

Ltd

6.875

03/01/26

4,498,353‌

2,500,000

g

First

Quantum

Minerals

Ltd

6.875

10/15/27

2,345,558‌

20,000,000

g

FMG

Resources

August

2006

Pty

Ltd

5.875

04/15/30

18,630,550‌

9,250,000

g

James

Hardie

International

Finance

DAC

5.000

01/15/28

8,486,875‌

5,000,000

g

LABL,

Inc

6.750

07/15/26

4,712,969‌

10,500,000

g

LABL,

Inc

5.875

11/01/28

9,148,335‌

15,785,000

g

Mineral

Resources

Ltd

8.000

11/01/27

16,140,478‌

5,000,000

Olin

Corp

5.125

09/15/27

4,725,000‌

5,000,000

Olin

Corp

5.625

08/01/29

4,750,000‌

8,195,000

Olin

Corp

5.000

02/01/30

7,477,937‌

16,990,000

g

Olympus

Water

US

Holding

Corp

4.250

10/01/28

13,793,393‌

15,110,000

g

Pactiv

Evergreen

Group

Issuer,

Inc

4.375

09/30/28

13,499,274‌

6,975,000

g

Standard

Industries,

Inc

5.000

02/15/27

6,436,063‌

15,690,000

g

SunCoke

Energy,

Inc

4.875

06/30/29

13,468,100‌

7,000,000

g

Trinseo

Materials

Operating

S.C.A

5.375

09/01/25

5,757,500‌

7,000,000

e,g

Trinseo

Materials

Operating

S.C.A

5.125

04/01/29

4,534,040‌

13,112,000

g

Tronox,

Inc

4.625

03/15/29

10,899,350‌

12,155,000

g

Unifrax

Escrow

Issuer

Corp

5.250

09/30/28

9,780,724‌

TOTAL

MATERIALS

249,537,379‌

MEDIA

&

ENTERTAINMENT

-

10.1%

8,860,000

g

Arches

Buyer,

Inc

4.250

06/01/28

6,929,418‌

12,375,000

g

Cablevision

Lightpath

LLC

3.875

09/15/27

10,198,777‌

5,000,000

g

CCO

Holdings

LLC

5.000

02/01/28

4,539,950‌

5,000,000

g

CCO

Holdings

LLC

5.375

06/01/29

4,521,350‌

20,000,000

g

CCO

Holdings

LLC

6.375

09/01/29

18,794,800‌

12,250,000

g

CCO

Holdings

LLC

4.500

08/15/30

10,120,399‌

19,025,000

g

CCO

Holdings

LLC

4.250

02/01/31

15,260,238‌

10,800,000

CCO

Holdings

LLC

4.500

05/01/32

8,596,800‌

8,175,000

e,g

Cinemark

USA,

Inc

8.750

05/01/25

8,255,268‌

Portfolio

of

investments

(unaudited)

High-Yield

Fund

December

31,

2022

278

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MEDIA

&

ENTERTAINMENT—continued

$

6,615,000

e,g

Cinemark

USA,

Inc

5.250

%

07/15/28

$

4,912,233‌

5,850,000

g

CSC

Holdings

LLC

5.500

04/15/27

4,907,427‌

15,000,000

g

CSC

Holdings

LLC

4.125

12/01/30

10,587,450‌

8,175,000

g

Diamond

Sports

Group

LLC

5.375

08/15/26

960,562‌

10,900,000

g

DIRECTV

Holdings

LLC

5.875

08/15/27

9,751,794‌

9,400,000

DISH

DBS

Corp

7.375

07/01/28

6,650,500‌

10,000,000

g

DISH

Network

Corp

11.750

11/15/27

10,299,000‌

6,900,000

g

Gray

Television,

Inc

4.750

10/15/30

4,991,218‌

10,000,000

iHeartCommunications,

Inc

6.375

05/01/26

9,200,000‌

11,375,000

Lamar

Media

Corp

4.875

01/15/29

10,444,261‌

14,650,000

g

LCPR

Senior

Secured

Financing

DAC

5.125

07/15/29

12,136,180‌

9,117,000

g

News

Corp

3.875

05/15/29

7,907,995‌

790,000

g

News

Corp

5.125

02/15/32

718,900‌

16,108,000

g

Rackspace

Technology

Global,

Inc

3.500

02/15/28

9,360,681‌

4,000,000

g

Sirius

XM

Radio,

Inc

5.000

08/01/27

3,697,444‌

8,450,000

g

Sirius

XM

Radio,

Inc

4.000

07/15/28

7,354,035‌

12,000,000

g

Univision

Communications,

Inc

4.500

05/01/29

10,035,120‌

1,485,000

g

Univision

Communications,

Inc

7.375

06/30/30

1,419,214‌

10,000,000

g

UPC

Broadband

Finco

BV

4.875

07/15/31

8,317,950‌

17,325,000

g

Virgin

Media

Secured

Finance

plc

5.500

05/15/29

15,519,389‌

20,400,000

g

VZ

Secured

Financing

BV

5.000

01/15/32

16,577,477‌

TOTAL

MEDIA

&

ENTERTAINMENT

252,965,830‌

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

3.0%

10,805,000

g

Avantor

Funding,

Inc

4.625

07/15/28

9,817,855‌

9,350,000

g

Bausch

Health

Cos,

Inc

4.875

06/01/28

5,946,991‌

5,000,000

g

Embecta

Corp

5.000

02/15/30

4,231,250‌

6,605,000

g

Embecta

Corp

6.750

02/15/30

5,961,012‌

10,125,000

g

Emergent

BioSolutions,

Inc

3.875

08/15/28

5,032,834‌

10,725,000

g

Organon

Finance  LLC

4.125

04/30/28

9,495,915‌

23,650,000

g

Organon

Finance  LLC

5.125

04/30/31

20,478,068‌

10,215,000

Teva

Pharmaceutical

Finance

Netherlands

III

BV

4.750

05/09/27

9,233,336‌

5,000,000

e

Teva

Pharmaceutical

Finance

Netherlands

III

BV

5.125

05/09/29

4,452,736‌

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

74,649,997‌

REAL

ESTATE

-

3.1%

8,925,000

g

Cushman

&

Wakefield

US

Borrower

LLC

6.750

05/15/28

8,517,663‌

6,015,000

g

HAT

Holdings

I

LLC

3.375

06/15/26

5,225,832‌

4,776,000

g

Howard

Hughes

Corp

4.125

02/01/29

3,999,900‌

5,099,000

g

Howard

Hughes

Corp

4.375

02/01/31

4,125,442‌

12,000,000

g

Hunt

Cos,

Inc

5.250

04/15/29

10,086,149‌

10,925,000

g

Iron

Mountain,

Inc

4.875

09/15/27

10,046,630‌

8,472,000

Kennedy-Wilson,

Inc

4.750

03/01/29

6,714,457‌

11,771,000

e

Kennedy-Wilson,

Inc

5.000

03/01/31

8,860,534‌

15,380,000

g

Realogy

Group

LLC

5.250

04/15/30

11,219,864‌

5,000,000

g

RLJ

Lodging

Trust

LP

3.750

07/01/26

4,452,942‌

5,265,000

g

RLJ

Lodging

Trust

LP

4.000

09/15/29

4,268,154‌

TOTAL

REAL

ESTATE

77,517,567‌

RETAILING

-

4.7%

10,700,000

g

Academy

Ltd

6.000

11/15/27

10,243,868‌

8,375,000

AmeriGas

Partners

LP

5.875

08/20/26

7,953,816‌

10,000,000

g

Asbury

Automotive

Group,

Inc

4.625

11/15/29

8,426,400‌

10,000,000

g

Asbury

Automotive

Group,

Inc

5.000

02/15/32

8,227,000‌

9,175,000

g

Group

1

Automotive,

Inc

4.000

08/15/28

7,765,997‌

10,000,000

Kohl's

Corp

3.625

05/01/31

7,009,600‌

6,650,000

L

Brands,

Inc

5.250

02/01/28

6,175,522‌

7,250,000

g

L

Brands,

Inc

6.625

10/01/30

6,803,422‌

11,335,000

g

LCM

Investments

Holdings

II

LLC

4.875

05/01/29

9,076,939‌

2,445,000

e,g

Macy's

Retail

Holdings

LLC

5.875

04/01/29

2,164,810‌

Portfolio

of

investments

(unaudited)

High-Yield

Fund

December

31,

2022

279

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

RETAILING—continued

$

4,555,000

e,g

Macy's

Retail

Holdings

LLC

6.125

%

03/15/32

$

3,828,614‌

17,587,000

g

Magic

Mergeco,

Inc

5.250

05/01/28

14,149,281‌

4,775,000

g

Magic

Mergeco,

Inc

7.875

05/01/29

3,190,504‌

15,000,000

g

Staples,

Inc

7.500

04/15/26

12,910,200‌

9,836,000

g

Superior

Plus

LP

4.500

03/15/29

8,409,780‌

TOTAL

RETAILING

116,335,753‌

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0.4%

10,000,000

g

Entegris

Escrow

Corp

4.750

04/15/29

9,119,373‌

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

9,119,373‌

SOFTWARE

&

SERVICES

-

1.4%

3,375,000

g

CA

Magnum

Holdings

5.375

10/31/26

3,075,395‌

6,810,000

g

Fair

Isaac

Corp

4.000

06/15/28

6,180,116‌

9,672,000

e,g

j2

Global,

Inc

4.625

10/15/30

8,184,253‌

4,630,000

g

NortonLifeLock,

Inc

6.750

09/30/27

4,537,400‌

8,695,000

g

Presidio

Holdings,

Inc

8.250

02/01/28

8,060,960‌

5,000,000

e,g

Rocket

Software,

Inc

6.500

02/15/29

3,941,631‌

TOTAL

SOFTWARE

&

SERVICES

33,979,755‌

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

2.3%

20,700,000

g

Ahead

DB

Holdings

LLC

6.625

05/01/28

16,637,625‌

38,520,000

g

Imola

Merger

Corp

4.750

05/15/29

33,420,475‌

6,900,000

g

Viasat,

Inc

5.625

09/15/25

6,401,734‌

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

56,459,834‌

TELECOMMUNICATION

SERVICES

-

2.3%

10,000,000

g

Altice

France

S.A.

5.125

07/15/29

7,497,432‌

4,160,000

g

Altice

France

S.A.

5.500

10/15/29

3,172,125‌

9,125,000

g

Cogent

Communications

Group,

Inc

3.500

05/01/26

8,289,538‌

10,000,000

e,g

Frontier

Communications

Holdings

LLC

6.000

01/15/30

7,855,727‌

12,695,000

g

Iliad

Holding

SASU

6.500

10/15/26

11,774,026‌

9,175,000

g

Iliad

Holding

SASU

7.000

10/15/28

8,292,274‌

7,620,000

g

MAXAR

TECHNOLOGIES,Inc

7.750

06/15/27

7,911,334‌

2,000,000

g

Vmed

O2

UK

Financing

I

plc

4.250

01/31/31

1,619,030‌

TOTAL

TELECOMMUNICATION

SERVICES

56,411,486‌

TRANSPORTATION

-

1.9%

6,605,000

g

Allegiant

Travel

Co

7.250

08/15/27

6,282,423‌

10,000,000

g

American

Airlines,

Inc

5.500

04/20/26

9,616,465‌

2,500,000

g

American

Airlines,

Inc

5.750

04/20/29

2,284,890‌

13,950,000

g

Cargo

Aircraft

Management,

Inc

4.750

02/01/28

12,661,159‌

3,115,000

g

First

Student

Bidco,

Inc

4.000

07/31/29

2,576,502‌

4,500,290

g

Mileage

Plus

Holdings

LLC

6.500

06/20/27

4,474,197‌

6,550,000

g

United

Airlines,

Inc

4.375

04/15/26

6,071,365‌

3,550,000

g

United

Airlines,

Inc

4.625

04/15/29

3,090,970‌

TOTAL

TRANSPORTATION

47,057,971‌

UTILITIES

-

3.0%

7,400,000

g

Clearway

Energy

Operating

LLC

4.750

03/15/28

6,829,798‌

5,000,000

g

Clearway

Energy

Operating

LLC

3.750

01/15/32

4,019,128‌

10,000,000

Edison

International

5.375

N/A‡

8,183,900‌

10,285,000

g

Ferrellgas

Escrow

LLC

5.375

04/01/26

9,355,719‌

22,178,000

g

Ferrellgas

Escrow

LLC

5.875

04/01/29

18,239,631‌

8,175,000

Suburban

Propane

Partners

LP

5.875

03/01/27

7,767,892‌

1,800,000

g

Suburban

Propane

Partners

LP

5.000

06/01/31

1,529,969‌

10,000,000

g

TerraForm

Power

Operating

LLC

5.000

01/31/28

8,999,900‌

Portfolio

of

investments

(unaudited)

High-Yield

Fund

December

31,

2022

280

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

12,480,000

g

TerraForm

Power

Operating

LLC

4.750

%

01/15/30

$

10,857,580‌

TOTAL

UTILITIES

75,783,517‌

TOTAL

CORPORATE

BONDS

2,305,589,220‌

(Cost

$2,611,432,494)

TOTAL

BONDS

2,305,589,220‌

(Cost

$2,611,432,494)

SHARES

COMPANY

REFERENCERATE

&

SPREAD

COMMON

STOCKS

-

1.6%

DIVERSIFIED

FINANCIALS

-

1.6%

467,946

Invesco

Senior

Loan

ETF

9,606,931‌

228,034

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

16,790,144‌

142,606

SPDR

Bloomberg

Barclays

High

Yield

Bond

ETF

12,834,540‌

TOTAL

DIVERSIFIED

FINANCIALS

39,231,615‌

ENERGY

-

0.0%

7,963

*,†

Cloud

Peak

Energy,

Inc

79‌

TOTAL

ENERGY

79‌

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0.0%

22,082

*,†

Bright

Bidco

BV

291,516‌

5,572

*

Bright

Bidco

BV

103,956‌

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

395,472‌

TOTAL

COMMON

STOCKS

39,627,166‌

(Cost

$40,780,662)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS

-

4.9%

GOVERNMENT

AGENCY

DEBT

-

1.0%

$

10,000,000

Federal

Farm

Credit

Bank

(FFCB)

0.000

01/09/23

9,992,874‌

5,142,000

Federal

Home

Loan

Bank

(FHLB)

0.000

01/03/23

5,142,000‌

10,000,000

FHLB

0.000

02/10/23

9,952,515‌

TOTAL

GOVERNMENT

AGENCY

DEBT

25,087,389‌

SHARES

COMPANY

EXP

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

-

3.9%

96,945,734

c

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4.340

96,945,734‌

TOTAL

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

96,945,734‌

TOTAL

SHORT-TERM

INVESTMENTS

122,033,123‌

(Cost

$122,031,242)

TOTAL

INVESTMENTS

-

103.1%

2,567,882,004‌

(Cost

$2,881,871,239)

OTHER

ASSETS

&

LIABILITIES,

NET

-

(3.1)%

(76,868,032‌)

NET

ASSETS

-

100.0%

$

2,491,013,972‌

ETF

Exchange

Traded

Fund

LIBOR

London

Interbank

Offered

Rate

M

Month

SOFR

Secure

Overnight

Financing

Rate

SPDR

Standard

&

Poor's

Depositary

Receipts

Portfolio

of

investments

(unaudited)

High-Yield

Fund

December

31,

2022

281

TIAA-CREF

Funds

December

31,

2022

concluded

*

Non-income

producing

†

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

‡

Perpetual

security

c

Investments

made

with

cash

collateral

received

from

securities

on

loan.

e

All

or

a

portion

of

these

securities

are

out

on

loan.

The

aggregate

value

of

securities

on

loan

is

$104,367,457.

g

Security

is

exempt

from

registration

under

Rule

144(A)

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

h

All

or

a

portion

of

these

securities

were

purchased

on

a

delayed

delivery

basis.

i

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

o

Payment

in

Kind

Bond

Inflation-Linked

Bond

Fund

December

31,

2022

Portfolio

of

investments

(unaudited)

282

December

31,

2022

TIAA-CREF

Funds

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BONDS

-

100.0%

GOVERNMENT

BONDS

-

100

.0

%

AGENCY

SECURITIES

-

0

.6

%

$

9,000,000

Federal

National

Mortgage

Association

(FNMA)

1

.625

%

08/24/35

$

6,254,837‌

1,304,891

HNA

LLC

2

.369

09/18/27

1,221,129‌

7,665,000

Montefiore

Medical

Center

2

.895

04/20/32

6,973,799‌

2,302,631

Reliance

Industries

Ltd

2

.444

01/15/26

2,211,228‌

TOTAL

AGENCY

SECURITIES

16,660,993‌

MORTGAGE

BACKED

-

2

.1

%

9,163,320

Government

National

Mortgage

Association

(GNMA)

3

.600

09/15/31

8,914,222‌

4,780,082

GNMA

3

.700

10/15/33

4,580,099‌

1,408,622

GNMA

3

.380

07/15/35

1,342,969‌

1,350,243

GNMA

3

.870

10/15/36

1,300,549‌

4,914,984

GNMA

3

.940

03/15/37

4,683,592‌

17,957,687

GNMA

1

.730

07/15/37

15,190,597‌

12,930,210

GNMA

1

.650

07/15/42

10,612,810‌

12,851,526

GNMA

2

.750

01/15/45

11,443,130‌

TOTAL

MORTGAGE

BACKED

58,067,968‌

U.S.

TREASURY

SECURITIES

-

97

.3

%

20,347,092

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.375

07/15/23

20,105,471‌

145,958,010

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.625

01/15/24

142,857,122‌

27,196,264

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.500

04/15/24

26,446,551‌

113,171,549

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

07/15/24

109,520,014‌

95,569,854

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

10/15/24

92,033,681‌

107,853,130

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.250

01/15/25

103,454,646‌

79,743,110

k

United

States

Treasury

Inflation

Indexed

Bonds

2

.375

01/15/25

79,807,117‌

35,816,893

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

04/15/25

34,133,283‌

144,457,562

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.375

07/15/25

138,733,941‌

129,003,931

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

10/15/25

122,597,350‌

116,801,536

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.625

01/15/26

112,115,592‌

59,465,892

k

United

States

Treasury

Inflation

Indexed

Bonds

2

.000

01/15/26

59,390,930‌

42,942,753

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

04/15/26

40,371,055‌

117,613,296

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

07/15/26

110,823,909‌

141,746,505

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

10/15/26

132,860,629‌

122,652,362

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.375

01/15/27

115,657,488‌

44,849,864

k

United

States

Treasury

Inflation

Indexed

Bonds

2

.375

01/15/27

45,746,143‌

15,830,250

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

04/15/27

14,752,224‌

108,212,264

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.375

07/15/27

101,982,065‌

50,043,028

k

United

States

Treasury

Inflation

Indexed

Bonds

1

.625

10/15/27

49,984,350‌

130,806,106

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.500

01/15/28

123,001,214‌

24,982,942

k

United

States

Treasury

Inflation

Indexed

Bonds

1

.750

01/15/28

24,965,648‌

45,653,852

k

United

States

Treasury

Inflation

Indexed

Bonds

3

.625

04/15/28

49,754,126‌

83,974,163

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.750

07/15/28

79,988,822‌

87,000,218

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.875

01/15/29

82,881,109‌

50,913,228

k

United

States

Treasury

Inflation

Indexed

Bonds

2

.500

01/15/29

53,081,623‌

32,507,901

k

United

States

Treasury

Inflation

Indexed

Bonds

3

.875

04/15/29

36,524,898‌

61,122,769

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.250

07/15/29

55,954,725‌

68,524,377

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

01/15/30

61,550,096‌

121,467,102

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

07/15/30

108,754,109‌

89,283,480

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

01/15/31

79,289,110‌

133,896,947

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

07/15/31

118,306,357‌

4,144,070

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

01/15/32

3,629,677‌

53,245,473

k

United

States

Treasury

Inflation

Indexed

Bonds

3

.375

04/15/32

60,943,026‌

31,279,275

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.625

07/15/32

28,649,210‌

36,543,135

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

02/15/52

23,636,319‌

25,000,000

United

States

Treasury

Note

3

.875

12/31/27

24,855,469‌

Portfolio

of

investments

(unaudited)

Inflation-Linked

Bond

Fund

December

31,

2022

283

TIAA-CREF

Funds

December

31,

2022

concluded

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

U.S.

TREASURY

SECURITIES—continued

$

10,000,000

United

States

Treasury

Note

4

.125

%

11/15/32

$

10,204,687‌

TOTAL

U.S.

TREASURY

SECURITIES

2,679,343,786‌

TOTAL

GOVERNMENT

BONDS

2,754,072,747‌

(Cost

$2,970,530,268)

TOTAL

BONDS

2,754,072,747‌

(Cost

$2,970,530,268)

REFERENCERATE

&

SPREAD

SHORT-TERM

INVESTMENTS

-

0.2%

GOVERNMENT

AGENCY

DEBT

-

0

.2

%

$

1,232,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

01/03/23

1,232,000‌

5,000,000

Tennessee

Valley

Authority

(TVA)

0

.000

01/04/23

4,999,406‌

TOTAL

GOVERNMENT

AGENCY

DEBT

6,231,406‌

SHARES

COMPANY

EXP

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

-

0

.0

%

10,420

c

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4

.340

10,420‌

TOTAL

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

10,420‌

TOTAL

SHORT-TERM

INVESTMENTS

6,241,826‌

(Cost

$6,240,466)

TOTAL

INVESTMENTS

-

100.2%

2,760,314,573‌

(Cost

$2,976,770,734)

OTHER

ASSETS

&

LIABILITIES,

NET

-

(0.2)%

(

4,880,892‌

)

NET

ASSETS

-

100.0%

$

2,755,433,681‌

c

Investments

made

with

cash

collateral

received

from

securities

on

loan.

k

Principal

amount

for

interest

accrual

purposes

is

periodically

adjusted

based

on

changes

in

the

Consumer

Price

Index.

Short

Duration

Impact

Bond

Fund

December

31,

2022

Portfolio

of

investments

(unaudited)

284

December

31,

2022

TIAA-CREF

Funds

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANK

LOAN

OBLIGATIONS

-

2.6%

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0

.6

%

$

492,500

i

LTR

Intermediate

Holdings,

Inc

LIBOR

12

M

+

4.500%

8

.884

%

05/05/28

$

449,406‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

449,406‌

UTILITIES

-

2

.0

%

461,237

i

Exgen

Renewables

IV

LLC

LIBOR

4

M

+

2.500%

7

.240

12/15/27

457,538‌

995,000

i

TerraForm

Power

Operating

LLC

SOFR

4M

+

2.750%

7

.430

05/21/29

989,249‌

TOTAL

UTILITIES

1,446,787‌

TOTAL

BANK

LOAN

OBLIGATIONS

1,896,193‌

(Cost

$1,928,689)

BONDS

-

91.3%

CORPORATE

BONDS

-

15

.6

%

AUTOMOBILES

&

COMPONENTS

-

0

.7

%

500,000

Magna

International,

Inc

3

.625

06/15/24

488,704‌

TOTAL

AUTOMOBILES

&

COMPONENTS

488,704‌

BANKS

-

3

.9

%

500,000

i

Citigroup,

Inc

LIBOR

3

M

+

1.250%

6

.004

07/01/26

497,876‌

500,000

g

Intesa

Sanpaolo

S.p.A

3

.375

01/12/23

499,753‌

250,000

Lloyds

Banking

Group

plc

4

.500

11/04/24

243,966‌

250,000

National

Bank

of

Canada

0

.550

11/15/24

239,276‌

250,000

NatWest

Group

plc

2

.359

05/22/24

246,420‌

300,000

g,i

UBS

AG.

SOFR

+

0.450%

4

.565

08/09/24

297,908‌

400,000

g

USAA

Capital

Corp

1

.500

05/01/23

395,908‌

425,000

Wells

Fargo

&

Co

4

.540

08/15/26

416,483‌

TOTAL

BANKS

2,837,590‌

CAPITAL

GOODS

-

0

.3

%

250,000

g,i

Siemens

Financieringsmaatschappij

NV

SOFR

+

0.430%

4

.715

03/11/24

249,118‌

TOTAL

CAPITAL

GOODS

249,118‌

CONSUMER

SERVICES

-

1

.5

%

550,000

Nature

Conservancy

0

.467

07/01/23

536,973‌

260,000

i

Nature

Conservancy

LIBOR

3

M

+

1.080%

6

.766

02/01/24

259,760‌

300,000

Nature

Conservancy

2

.668

03/01/26

283,296‌

TOTAL

CONSUMER

SERVICES

1,080,029‌

DIVERSIFIED

FINANCIALS

-

4

.4

%

200,000

i

AerCap

Ireland

Capital

DAC

SOFR

+

0.680%

5

.003

09/29/23

196,338‌

250,000

BB

Blue

Financing

DAC

4

.395

09/20/29

244,032‌

395,000

g

Federation

des

Caisses

Desjardins

du

Quebec

0

.450

10/07/23

381,262‌

250,000

Goldman

Sachs

Group,

Inc

0

.855

02/12/26

226,056‌

500,000

Morgan

Stanley

0

.791

01/22/25

473,025‌

260,000

g

NongHyup

Bank

1

.250

07/20/25

234,907‌

250,000

Reinvestment

Fund,

Inc

3

.477

02/15/23

248,885‌

250,000

Unilever

Capital

Corp

0

.626

08/12/24

234,162‌

250,000

g

WLB

Asset

II

B

Pte

Ltd

3

.950

12/10/24

234,439‌

250,000

g

WLB

Asset

II

C

Pte

Ltd

3

.900

12/23/25

230,006‌

250,000

g

WLB

Asset

II

D

Pte

Ltd

6

.500

12/21/26

248,356‌

250,000

g

WLB

Asset

II

Pte

Ltd

4

.000

01/14/24

243,994‌

TOTAL

DIVERSIFIED

FINANCIALS

3,195,462‌

Portfolio

of

investments

(unaudited)

Short

Duration

Impact

Bond

Fund

December

31,

2022

285

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY

-

0

.3

%

$

250,000

g

Aker

BP

ASA

2

.875

%

01/15/26

$

230,950‌

TOTAL

ENERGY

230,950‌

REAL

ESTATE

-

0

.7

%

300,000

Federal

Realty

Investment

Trust

1

.250

02/15/26

264,217‌

250,000

g

HAT

Holdings

I

LLC

3

.375

06/15/26

217,200‌

TOTAL

REAL

ESTATE

481,417‌

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0

.3

%

250,000

Apple,

Inc

2

.850

02/23/23

249,312‌

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

249,312‌

TELECOMMUNICATION

SERVICES

-

0

.3

%

250,000

i

Verizon

Communications,

Inc

SOFR

+

0.790%

5

.113

03/20/26

243,702‌

TOTAL

TELECOMMUNICATION

SERVICES

243,702‌

UTILITIES

-

3

.2

%

500,000

Avangrid,

Inc

3

.150

12/01/24

477,885‌

600,000

g

Brooklyn

Union

Gas

Co

4

.632

08/05/27

572,273‌

284,100

g

India

Cleantech

Energy

4

.700

08/10/26

242,705‌

300,000

g

Korea

Hydro

&

Nuclear

Power

Co

Ltd

3

.750

07/25/23

298,708‌

300,000

National

Fuel

Gas

Co

5

.500

01/15/26

298,456‌

450,757

SCE

Recovery

Funding

LLC

1

.977

11/15/28

410,211‌

TOTAL

UTILITIES

2,300,238‌

TOTAL

CORPORATE

BONDS

11,356,522‌

(Cost

$11,806,841)

GOVERNMENT

BONDS

-

61

.1

%

AGENCY

SECURITIES

-

7

.2

%

250,000

Federal

Home

Loan

Mortgage

Corp

(FHLMC)

0

.375

05/05/23

246,542‌

250,000

e

FHLMC

1

.500

02/12/25

235,570‌

500,000

Federal

National

Mortgage

Association

(FNMA)

0

.250

07/10/23

488,275‌

726,458

Harar

Leasing

2013

LLC

2

.582

07/02/25

694,904‌

790,530

Helios

Leasing

II

LLC

2

.668

03/18/25

766,973‌

505,966

Lulwa

Ltd

1

.831

03/26/25

485,701‌

201,048

Overseas

Private

Investment

Corp

(OPIC)

1

.790

10/15/29

180,336‌

440,801

Penta

Aircraft

Leasing

LLC

1

.691

04/29/25

423,352‌

225,582

Purple

Chen

2011

LLC

2

.735

08/01/23

223,901‌

471,348

Safina

Ltd

2

.000

12/30/23

461,583‌

215,726

Thirax  LLC

0

.968

01/14/33

177,427‌

201,048

United

States

International

Development

Finance

Corp

1

.050

10/15/29

175,385‌

250,000

US

Department

of

Housing

and

Urban

Development

(HUD)

2

.618

08/01/23

246,928‌

426,029

i

Washington

Aircraft

2

Co

Ltd

LIBOR

3

M

+

0.430%

5

.154

06/26/24

425,364‌

TOTAL

AGENCY

SECURITIES

5,232,241‌

FOREIGN

GOVERNMENT

BONDS

-

7

.1

%

1,000,000

African

Development

Bank

0

.750

04/03/23

990,357‌

500,000

Council

Of

Europe

Development

Bank

3

.000

06/16/25

483,009‌

500,000

g

European

Stability

Mechanism

1

.375

09/11/24

473,281‌

1,000,000

Hydro-Quebec

8

.050

07/07/24

1,045,283‌

250,000

Inter-American

Investment

Corp

2

.625

04/22/25

239,409‌

250,000

International

Bank

for

Reconstruction

&

Development

0

.625

04/22/25

229,338‌

250,000

International

Bank

for

Reconstruction

&

Development

0

.000

03/31/27

218,985‌

500,000

g

International

Development

Association

2

.750

04/24/23

497,000‌

250,000

i

International

Finance

Corp

SOFR

+

0.090%

4

.414

04/03/24

249,814‌

250,000

g

Nederlandse

Waterschapsbank

NV

1

.750

01/15/25

236,436‌

Portfolio

of

investments

(unaudited)

Short

Duration

Impact

Bond

Fund

December

31,

2022

286

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

$

500,000

g

Perusahaan

Penerbit

SBSN

Indonesia

III

3

.750

%

03/01/23

$

498,750‌

TOTAL

FOREIGN

GOVERNMENT

BONDS

5,161,662‌

MORTGAGE

BACKED

-

0

.1

%

58,598

Federal

National

Mortgage

Association

(FNMA)

2

.500

10/01/36

53,763‌

30,682

Government

National

Mortgage

Association

(GNMA)

4

.000

12/20/44

29,513‌

TOTAL

MORTGAGE

BACKED

83,276‌

MUNICIPAL

BONDS

-

5

.3

%

45,000

g

California

Municipal

Finance

Authority

4

.250

11/01/23

44,336‌

440,000

California

Municipal

Finance

Authority

1

.622

08/15/25

402,853‌

200,000

City

of

Detroit

MI

2

.189

04/01/24

191,754‌

500,000

City

of

Fort

Wayne

IN

10

.750

12/01/29

493,060‌

500,000

District

of

Columbia

3

.850

02/28/25

481,307‌

250,000

g

Florida

Development

Finance

Corp

7

.250

07/01/57

249,307‌

650,000

Morris

County

Improvement

Authority

0

.468

06/15/23

638,750‌

430,000

New

York

State

Energy

Research

&

Development

Authority

4

.186

04/01/23

428,936‌

250,000

Pharr

Economic

Development

Corp

3

.016

08/15/26

234,682‌

150,000

Redevelopment

Authority

of

the

City

of

Philadelphia

1

.377

09/01/25

137,072‌

384,300

State

of

Hawaii

Department

of

Business

Economic

Development

&

Tourism

3

.242

01/01/31

358,012‌

200,000

g

Warm

Springs

Reservation

Confederated

Tribe

3

.050

11/01/24

192,930‌

TOTAL

MUNICIPAL

BONDS

3,852,999‌

U.S.

TREASURY

SECURITIES

-

41

.4

%

3,201,000

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.375

07/15/23

3,162,988‌

1,596,300

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.625

01/15/24

1,562,386‌

1,500,000

United

States

Treasury

Note

2

.625

12/31/23

1,469,196‌

11,790,000

United

States

Treasury

Note

4

.250

12/31/24

11,749,011‌

7,150,000

United

States

Treasury

Note

4

.000

12/15/25

7,104,195‌

5,050,000

United

States

Treasury

Note

3

.875

12/31/27

5,020,805‌

TOTAL

U.S.

TREASURY

SECURITIES

30,068,581‌

TOTAL

GOVERNMENT

BONDS

44,398,759‌

(Cost

$44,941,360)

STRUCTURED

ASSETS

-

14

.6

%

ASSET

BACKED

-

7

.8

%

446,678

Delta

Air

Lines

Pass

Through

Trust

4

.250

07/30/23

437,849‌

Series

-

2015

1

(Class

B)

351,000

Delta

Air

Lines

Pass

Through

Trust

3

.204

04/25/24

342,106‌

Series

-

2019

1

(Class

AA)

212,629

Delta

Air

Lines

Pass

Through

Trust

2

.000

06/10/28

181,065‌

Series

-

2020

1

(Class

AA)

232,231

Delta

Air

Lines

Pass

Through

Trust

2

.500

06/10/28

197,205‌

Series

-

2020

1

(Class

A)

292,228

g

GoodLeap

Sustainable

Home

Solutions

Trust

1

.930

07/20/48

222,637‌

Series

-

2021

4GS

(Class

A)

252,774

g

GoodLeap

Sustainable

Home

Solutions

Trust

2

.560

10/20/48

177,965‌

Series

-

2021

5CS

(Class

B)

112,701

g

HERO

Funding

Trust

4

.050

09/20/41

107,082‌

Series

-

2016

1A

(Class

A)

169,552

g

HERO

Funding

Trust

3

.910

09/20/42

159,637‌

Series

-

2016

3A

(Class

A2)

124,955

g

HERO

Funding

Trust

2

.720

09/20/57

109,397‌

Series

-

2020

1A

(Class

A)

128,083

g

Mosaic

Solar

Loan

Trust

2

.100

04/20/46

111,184‌

Series

-

2020

1A

(Class

A)

288,460

g

Mosaic

Solar

Loan

Trust

1

.440

08/20/46

240,634‌

Series

-

2020

2A

(Class

A)

Portfolio

of

investments

(unaudited)

Short

Duration

Impact

Bond

Fund

December

31,

2022

287

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

340,961

g

Mosaic

Solar

Loan

Trust

1

.440

%

06/20/52

$

268,847‌

Series

-

2021

3A

(Class

A)

250,000

g

Mosaic

Solar

Loan

Trust

1

.770

06/20/52

210,559‌

Series

-

2021

3A

(Class

C)

29,374

g

Renew

3

.670

09/20/52

26,559‌

Series

-

2017

1A

(Class

A)

210,978

g

Sunnova

Helios

VII

Issuer

LLC

2

.030

10/20/48

172,079‌

Series

-

2021

C

(Class

A)

273,658

g

Sunnova

Helios

VIII

Issuer

LLC

2

.790

02/22/49

234,375‌

Series

-

2022

A

(Class

A)

457,726

g

Sunrun

Atlas

Issuer

LLC

3

.610

02/01/55

402,709‌

Series

-

2019

2

(Class

A)

363,751

g

Sunrun

Callisto

Issuer

LLC

3

.980

06/30/54

321,745‌

Series

-

2019

1A

(Class

A)

304,475

g

Sunrun

Callisto

Issuer

LLC

2

.270

01/30/57

237,473‌

Series

-

2021

2A

(Class

A)

250,000

g

Tesla

Auto

Lease

Trust

2

.330

02/20/24

247,331‌

Series

-

2020

A

(Class

D)

263,000

g

Tesla

Auto

Lease

Trust

0

.560

03/20/25

254,958‌

Series

-

2021

A

(Class

A3)

600,000

g

Tesla

Auto

Lease

Trust

0

.600

09/22/25

565,330‌

Series

-

2021

B

(Class

A3)

27,175

Toyota

Auto

Receivables

Owner

Trust

0

.140

01/16/24

27,127‌

Series

-

2021

B

(Class

A2)

474,782

g

Vivint

Colar

Financing

V

LLC

7

.370

04/30/48

435,531‌

Series

-

2018

1A

(Class

B)

TOTAL

ASSET

BACKED

5,691,384‌

OTHER

MORTGAGE

BACKED

-

6

.8

%

250,000

g,i

Alen

Mortgage

Trust

LIBOR

1

M

+

2.250%

6

.568

04/15/34

214,152‌

Series

-

2021

ACEN

(Class

C)

250,000

g

BX

Trust

6

.300

10/13/27

246,213‌

Series

-

2022

CLS

(Class

B)

250,000

g,i

BX

TRUST

5

.826

01/17/39

238,960‌

Series

-

2022

AHP

(Class

AS)

250,000

g,i

BX

TRUST

6

.426

01/17/39

237,539‌

Series

-

2022

AHP

(Class

C)

250,000

g,i

Cityline

Commercial

Mortgage

Trust

2

.778

11/10/31

240,830‌

Series

-

2016

CLNE

(Class

A)

50,000

g,i

Connecticut

Avenue

Securities

Trust

7

.428

03/25/42

50,695‌

Series

-

2022

R03

(Class

1M2)

27,000

g,i

Connecticut

Avenue

Securities

Trust

SOFR

+

3.600%

7

.528

07/25/42

26,819‌

Series

-

2022

R08

(Class

1M2)

250,000

g,i

DBUBS

Mortgage

Trust

3

.530

10/10/34

223,765‌

Series

-

2017

BRBK

(Class

D)

134,722

GS

Mortgage

Securities

Trust

2

.922

05/10/49

129,145‌

Series

-

2016

GS2

(Class

AAB)

250,000

g,i

MAD

Mortgage

Trust

3

.188

08/15/34

233,416‌

Series

-

2017

330M

(Class

A)

250,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

1.500%

5

.818

07/15/36

239,456‌

Series

-

2019

MILE

(Class

A)

250,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

1.800%

6

.118

07/15/36

230,118‌

Series

-

2019

MILE

(Class

B)

250,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

2.200%

6

.518

07/15/36

227,487‌

Series

-

2019

MILE

(Class

C)

250,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

4.250%

8

.568

07/15/36

223,070‌

Series

-

2019

MILE

(Class

F)

15,421

g,i

OBX

Trust

LIBOR

1

M

+

0.650%

5

.039

06/25/57

14,573‌

Series

-

2018

1

(Class

A2)

Portfolio

of

investments

(unaudited)

Short

Duration

Impact

Bond

Fund

December

31,

2022

288

December

31,

2022

TIAA-CREF

Funds

concluded

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

250,000

g

One

Market

Plaza

Trust

3

.614

%

02/10/32

$

240,660‌

Series

-

2017

1MKT

(Class

A)

250,000

g

One

Market

Plaza

Trust

3

.845

02/10/32

237,827‌

Series

-

2017

1MKT

(Class

B)

27,382,754

g,i

SLG

Office

Trust

0

.258

07/15/41

440,002‌

Series

-

2021

OVA

(Class

X)

500,000

g,i

STWD

Mortgage

Trust

LIBOR

1

M

+

1.257%

5

.575

11/15/36

479,693‌

Series

-

2021

LIH

(Class

AS)

500,000

g,i

STWD

Mortgage

Trust

LIBOR

1

M

+

1.656%

5

.974

11/15/36

476,613‌

Series

-

2021

LIH

(Class

B)

270,000

g,i

STWD

Mortgage

Trust

LIBOR

1

M

+

1.955%

6

.273

11/15/36

254,939‌

Series

-

2021

LIH

(Class

C)

TOTAL

OTHER

MORTGAGE

BACKED

4,905,972‌

TOTAL

STRUCTURED

ASSETS

10,597,356‌

(Cost

$11,601,146)

TOTAL

BONDS

66,352,637‌

(Cost

$68,349,347)

REFERENCERATE

&

SPREAD

SHORT-TERM

INVESTMENTS

-

22.6%

REPURCHASE

AGREEMENT

-

18

.8

%

$

13,700,000

r

Fixed

Income

Clearing

Corp

(FICC)

4

.080

01/03/23

13,700,000‌

TOTAL

REPURCHASE

AGREEMENT

13,700,000‌

TREASURY

DEBT

-

3

.4

%

2,500,000

e

United

States

Treasury

Bill

0

.000

06/22/23

2,446,509‌

TOTAL

TREASURY

DEBT

2,446,509‌

SHARES

COMPANY

EXP

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

-

0

.4

%

239,001

c

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4

.340

239,001‌

TOTAL

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

239,001‌

TOTAL

SHORT-TERM

INVESTMENTS

16,385,510‌

(Cost

$16,385,430)

TOTAL

INVESTMENTS

-

116.5%

84,634,340‌

(Cost

$86,663,466)

OTHER

ASSETS

&

LIABILITIES,

NET

-

(16.5)%

(

11,991,903‌

)

NET

ASSETS

-

100.0%

$

72,642,437‌

LIBOR

London

Interbank

Offered

Rate

M

Month

SOFR

Secure

Overnight

Financing

Rate

c

Investments

made

with

cash

collateral

received

from

securities

on

loan.

e

All

or

a

portion

of

these

securities

are

out

on

loan.

The

aggregate

value

of

securities

on

loan

is

$2,653,845.

g

Security

is

exempt

from

registration

under

Rule

144(A)

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

i

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

k

Principal

amount

for

interest

accrual

purposes

is

periodically

adjusted

based

on

changes

in

the

Consumer

Price

Index.

r

Agreement

with

Fixed

Income

Clearing

Corp

(FICC),

4.080%

dated

12/30/22

to

be

repurchased

at

$13,700,000

on

1/3/23,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

0.875%

and

maturity

date

1/15/29,

valued

at

$13,974,064.

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Fund

December

31,

2022

289

TIAA-CREF

Funds

December

31,

2022

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANK

LOAN

OBLIGATIONS

-

2.4%

CAPITAL

GOODS

-

0

.0

%

$

677,250

i

American

Builders

&

Contractors

Supply

Co,

Inc

LIBOR

12

M

+

2.000%

6

.384

%

01/15/27

$

672,777‌

104,731

h,i

Gardner

Denver,

Inc

SOFR

12M

+

1.750%

6

.173

03/01/27

104,033‌

TOTAL

CAPITAL

GOODS

776,810‌

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0

.3

%

985,000

i

AECOM

LIBOR

12

M

+

1.750%

6

.134

04/13/28

985,246‌

1,984,810

i

GFL

Environmental,

Inc

LIBOR

4

M

+

3.000%

7

.415

05/30/25

1,987,976‌

895,000

h,i

Ingersoll-Rand

Services

Co

SOFR

12M

+

1.750%

6

.173

03/01/27

889,035‌

1,710,087

i

Prime

Security

Services

Borrower

LLC

LIBOR

4

M

+

2.750%

6

.505

09/23/26

1,697,261‌

1,000,000

h,i

Trans

Union

LLC

LIBOR

12

M

+

2.250%

6

.634

12/01/28

991,875‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

6,551,393‌

CONSUMER

SERVICES

-

0

.3

%

1,469,697

i

1011778

BC

ULC

LIBOR

4

M

+

1.750%

6

.165

11/19/26

1,447,255‌

1,943,891

i

Hilton

Worldwide

Finance

LLC

SOFR

12M

+

1.750%

6

.173

06/22/26

1,940,130‌

798,391

i

KFC

Holding

Co

LIBOR

12

M

+

1.750%

6

.089

03/15/28

789,409‌

1,430,000

i

Wyndham

Hotels

&

Resorts,

Inc

LIBOR

12

M

+

1.750%

6

.134

05/30/25

1,430,357‌

TOTAL

CONSUMER

SERVICES

5,607,151‌

FOOD

&

STAPLES

RETAILING

-

0

.0

%

881,092

i

US

Foods,

Inc

LIBOR

12

M

+

2.750%

7

.134

11/22/28

878,506‌

TOTAL

FOOD

&

STAPLES

RETAILING

878,506‌

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0

.2

%

2,407,782

i

Energizer

Holdings,

Inc

LIBOR

12

M

+

2.250%

6

.625

12/22/27

2,368,655‌

985,000

i

Spectrum

Brands,

Inc

LIBOR

4

M

+

2.000%

6

.420

03/03/28

970,225‌

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

3,338,880‌

MATERIALS

-

0

.1

%

1,765,648

i

Berry

Global,

Inc

LIBOR

12

M

+

1.750%

6

.024

07/01/26

1,754,816‌

TOTAL

MATERIALS

1,754,816‌

MEDIA

&

ENTERTAINMENT

-

0

.2

%

1,358,369

i

CSC

Holdings

LLC

LIBOR

12

M

+

2.250%

6

.568

07/17/25

1,288,413‌

1,351,600

i

Nascar

Holdings,

Inc

LIBOR

12

M

+

2.500%

6

.884

10/19/26

1,350,228‌

1,290,299

i

Outfront

Media

Capital

LLC

LIBOR

12

M

+

1.750%

6

.134

11/18/26

1,246,351‌

TOTAL

MEDIA

&

ENTERTAINMENT

3,884,992‌

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

0

.4

%

2,000,000

h,i

Avantor,

Inc

LIBOR

12

M

+

2.250%

6

.634

11/08/27

1,993,750‌

1,000,000

i

Horizon

Therapeutics

USA,

Inc

LIBOR

12

M

+

2.000%

6

.438

05/22/26

1,000,625‌

2,237,345

i

Jazz

Financing

Lux

Sarl

LIBOR

12

M

+

3.500%

7

.884

05/05/28

2,221,090‌

2,413,570

i

Organon

&

Co

LIBOR

4

M

+

3.000%

7

.750

06/02/28

2,396,120‌

1,000,000

h,i

Prestige

Brands,

Inc

LIBOR

12

M

+

2.000%

6

.384

07/03/28

998,595‌

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

8,610,180‌

RETAILING

-

0

.2

%

2,992,500

i

FLUTTER

FINANCING

BV

SOFR

4M

+

3.250%

7

.043

07/22/28

2,983,777‌

TOTAL

RETAILING

2,983,777‌

SOFTWARE

&

SERVICES

-

0

.4

%

1,389,098

i

IQVIA,

Inc

LIBOR

12

M

+

1.750%

6

.134

01/17/25

1,387,945‌

2,000,000

i

NortonLifeLock,

Inc

SOFR

12M

+

2.000%

6

.423

09/12/29

1,970,420‌

1,848,021

i

Open

Text

Corp

LIBOR

12

M

+

1.750%

6

.134

05/30/25

1,812,604‌

364,123

i

SS&C

Technologies,

Inc

LIBOR

1

M

+

1.750%

6

.134

04/16/25

358,661‌

447,891

i

SS&C

Technologies,

Inc

LIBOR

12

M

+

1.750%

6

.134

04/16/25

441,172‌

384,769

i

SS&C

Technologies,

Inc

SOFR

12M

+

2.250%

6

.673

03/22/29

378,638‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Fund

December

31,

2022

290

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

SOFTWARE

&

SERVICES—continued

$

579,758

i

SS&C

Technologies,

Inc

SOFR

12M

+

2.250%

6

.673

%

03/22/29

$

570,520‌

TOTAL

SOFTWARE

&

SERVICES

6,919,960‌

TRANSPORTATION

-

0

.2

%

1,790,444

i

Avis

Budget

Car

Rental

LLC

LIBOR

12

M

+

1.750%

6

.140

08/06/27

1,740,276‌

1,488,750

i

Avis

Budget

Car

Rental

LLC

SOFR

+

3.500%

7

.923

03/15/29

1,470,148‌

TOTAL

TRANSPORTATION

3,210,424‌

UTILITIES

-

0

.1

%

1,496,222

i

Core

&

Main

LP

LIBOR

4

M

+

2.500%

7

.416

07/27/28

1,481,259‌

TOTAL

UTILITIES

1,481,259‌

TOTAL

BANK

LOAN

OBLIGATIONS

45,998,148‌

(Cost

$46,173,365)

BONDS

-

96.2%

CORPORATE

BONDS

-

32

.2

%

AUTOMOBILES

&

COMPONENTS

-

0

.2

%

2,725,000

g

Denso

Corp

1

.239

09/16/26

2,367,606‌

2,250,000

g

Hyundai

Capital

Services,

Inc

2

.125

04/24/25

2,057,080‌

TOTAL

AUTOMOBILES

&

COMPONENTS

4,424,686‌

BANKS

-

10

.0

%

2,100,000

g

Banco

de

Credito

del

Peru

2

.700

01/11/25

1,987,713‌

2,375,000

g

Banco

del

Estado

de

Chile

2

.704

01/09/25

2,238,135‌

2,855,000

g

Banco

do

Brasil

S.A.

3

.250

09/30/26

2,628,199‌

2,000,000

g

Banco

Santander

Chile

2

.700

01/10/25

1,897,214‌

2,000,000

g

Banco

Santander

Mexico

S.A.

Institucion

de

Banca

Multiple

Grupo

Financiero

Santand

5

.375

04/17/25

1,979,000‌

5,000,000

Banco

Santander

S.A.

3

.496

03/24/25

4,814,695‌

5,125,000

Bancolombia

S.A.

3

.000

01/29/25

4,854,511‌

5,000,000

Bank

of

America

Corp

0

.976

04/22/25

4,687,770‌

8,000,000

Bank

of

America

Corp

0

.981

09/25/25

7,363,006‌

20,000,000

Bank

of

America

Corp

3

.384

04/02/26

19,100,775‌

5,000,000

Bank

of

America

Corp

4

.827

07/22/26

4,941,574‌

500,000

Citigroup,

Inc

0

.776

10/30/24

479,079‌

23,600,000

Citigroup,

Inc

0

.981

05/01/25

22,100,002‌

2,500,000

Citigroup,

Inc

1

.281

11/03/25

2,303,590‌

15,000,000

Citigroup,

Inc

5

.610

09/29/26

15,064,155‌

5,000,000

Cooperatieve

Rabobank

UA

0

.375

01/12/24

4,767,431‌

1,775,000

g

Development

Bank

of

Kazakhstan

JSC

5

.750

05/12/25

1,771,896‌

650,000

Discover

Bank

3

.350

02/06/23

648,798‌

1,250,000

HSBC

USA,

Inc

3

.500

06/23/24

1,218,580‌

1,445,000

JPMorgan

Chase

&

Co

3

.200

01/25/23

1,443,886‌

5,000,000

JPMorgan

Chase

&

Co

4

.023

12/05/24

4,925,415‌

725,000

JPMorgan

Chase

&

Co

0

.563

02/16/25

683,733‌

20,000,000

JPMorgan

Chase

&

Co

0

.824

06/01/25

18,642,977‌

14,000,000

JPMorgan

Chase

&

Co

4

.080

04/26/26

13,592,908‌

5,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

0

.848

09/15/24

4,825,610‌

5,000,000

Mitsubishi

UFJ

Financial

Group,

Inc

5

.063

09/12/25

4,964,348‌

2,875,000

National

Bank

of

Canada

0

.550

11/15/24

2,751,675‌

1,625,000

NatWest

Group

plc

2

.359

05/22/24

1,601,727‌

5,000,000

g

Skandinaviska

Enskilda

Banken

AB

0

.550

09/01/23

4,846,593‌

5,000,000

Sumitomo

Mitsui

Financial

Group,

Inc

0

.508

01/12/24

4,759,903‌

2,100,000

g

Svenska

Handelsbanken

AB

0

.625

06/30/23

2,054,153‌

3,000,000

Toronto-Dominion

Bank

0

.750

06/12/23

2,945,982‌

5,000,000

Toronto-Dominion

Bank

0

.450

09/11/23

4,847,011‌

3,000,000

Toronto-Dominion

Bank

3

.766

06/06/25

2,911,353‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Fund

December

31,

2022

291

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

1,680,000

Truist

Financial

Corp

3

.750

%

12/06/23

$

1,662,128‌

5,000,000

g

UBS

AG.

0

.450

02/09/24

4,737,613‌

2,000,000

g

United

Overseas

Bank

Ltd

3

.059

04/07/25

1,920,887‌

4,000,000

g

United

Overseas

Bank

Ltd

1

.250

04/14/26

3,594,361‌

TOTAL

BANKS

192,558,386‌

CAPITAL

GOODS

-

0

.9

%

3,721,000

Air

Lease

Corp

2

.250

01/15/23

3,717,461‌

2,000,000

g

BOC

Aviation

Ltd

3

.500

10/10/24

1,929,540‌

5,000,000

Boeing

Co

1

.433

02/04/24

4,791,536‌

2,500,000

g

DAE

Funding

LLC

2

.625

03/20/25

2,334,550‌

1,875,000

g

Korea

East-West

Power

Co

Ltd

3

.600

05/06/25

1,812,854‌

272,000

Raytheon

Technologies

Corp

3

.650

08/16/23

269,710‌

3,000,000

g

TSMC

Global

Ltd

0

.750

09/28/25

2,707,949‌

TOTAL

CAPITAL

GOODS

17,563,600‌

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0

.1

%

2,000,000

ADT

Corp

4

.125

06/15/23

1,980,110‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

1,980,110‌

CONSUMER

DURABLES

&

APPAREL

-

0

.1

%

1,455,000

Lennar

Corp

4

.875

12/15/23

1,448,075‌

480,000

Newell

Brands,

Inc

6

.375

09/15/27

476,400‌

TOTAL

CONSUMER

DURABLES

&

APPAREL

1,924,475‌

CONSUMER

SERVICES

-

0

.1

%

1,475,000

Hyatt

Hotels

Corp

1

.300

10/01/23

1,433,781‌

TOTAL

CONSUMER

SERVICES

1,433,781‌

DIVERSIFIED

FINANCIALS

-

6

.8

%

7,000,000

AerCap

Ireland

Capital

DAC

3

.150

02/15/24

6,766,601‌

15,000,000

AerCap

Ireland

Capital

DAC

1

.650

10/29/24

13,836,004‌

2,000,000

g

AIG

Global

Funding

0

.800

07/07/23

1,955,705‌

5,500,000

American

Express

Co

3

.375

05/03/24

5,388,014‌

3,000,000

American

Honda

Finance

Corp

0

.875

07/07/23

2,938,946‌

5,000,000

g

Banco

BTG

Pactual

S.A.

2

.750

01/11/26

4,543,750‌

4,000,000

Capital

One

Bank

USA

NA

3

.375

02/15/23

3,993,003‌

7,000,000

Capital

One

Financial

Corp

4

.166

05/09/25

6,837,554‌

5,000,000

Credit

Suisse

AG.

0

.495

02/02/24

4,623,772‌

2,950,000

Deutsche

Bank

AG.

0

.898

05/28/24

2,758,374‌

10,000,000

g

Federation

des

Caisses

Desjardins

du

Quebec

0

.700

05/21/24

9,367,359‌

5,000,000

General

Motors

Financial

Co,

Inc

1

.700

08/18/23

4,885,300‌

3,910,000

General

Motors

Financial

Co,

Inc

3

.950

04/13/24

3,832,952‌

4,000,000

General

Motors

Financial

Co,

Inc

1

.200

10/15/24

3,703,067‌

5,000,000

Goldman

Sachs

Group,

Inc

0

.673

03/08/24

4,946,129‌

5,000,000

Goldman

Sachs

Group,

Inc

0

.657

09/10/24

4,810,182‌

14,450,000

Goldman

Sachs

Group,

Inc

5

.700

11/01/24

14,621,982‌

4,000,000

Morgan

Stanley

3

.620

04/17/25

3,903,212‌

5,000,000

Morgan

Stanley

0

.790

05/30/25

4,648,469‌

5,000,000

Morgan

Stanley

1

.164

10/21/25

4,602,559‌

4,000,000

Morgan

Stanley

4

.679

07/17/26

3,931,422‌

2,775,000

Morgan

Stanley

1

.512

07/20/27

2,408,112‌

2,700,000

g

NatWest

Markets

plc

0

.800

08/12/24

2,501,483‌

4,500,000

Toyota

Motor

Credit

Corp

0

.500

08/14/23

4,378,403‌

4,725,000

g

UBS

Group

AG

1

.008

07/30/24

4,594,336‌

TOTAL

DIVERSIFIED

FINANCIALS

130,776,690‌

ENERGY

-

2

.2

%

3,000,000

Canadian

Natural

Resources

Ltd

2

.050

07/15/25

2,791,008‌

5,000,000

Enbridge,

Inc

0

.550

10/04/23

4,833,931‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Fund

December

31,

2022

292

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ENERGY—continued

$

4,775,000

Enbridge,

Inc

2

.500

%

02/14/25

$

4,504,637‌

2,230,000

g

Energean

Israel

Finance

Ltd

4

.500

03/30/24

2,146,375‌

5,000,000

Energy

Transfer

Operating

LP

4

.500

04/15/24

4,928,821‌

3,000,000

Energy

Transfer

Operating

LP

2

.900

05/15/25

2,825,235‌

3,500,000

g

Leviathan

Bond

Ltd

5

.750

06/30/23

3,486,924‌

4,000,000

Marathon

Petroleum

Corp

4

.700

05/01/25

3,938,838‌

2,000,000

Petroleos

Mexicanos

3

.500

01/30/23

1,990,000‌

347,500

Petroleos

Mexicanos

2

.378

04/15/25

335,812‌

1,000,000

Petroleos

Mexicanos

4

.500

01/23/26

901,250‌

1,350,000

Phillips

66

0

.900

02/15/24

1,290,220‌

5,000,000

g

Saudi

Arabian

Oil

Co

2

.875

04/16/24

4,843,750‌

5,000,000

TransCanada

PipeLines

Ltd

1

.000

10/12/24

4,627,624‌

TOTAL

ENERGY

43,444,425‌

FOOD

&

STAPLES

RETAILING

-

0

.2

%

5,000,000

Walmart,

Inc

3

.900

09/09/25

4,923,943‌

TOTAL

FOOD

&

STAPLES

RETAILING

4,923,943‌

FOOD,

BEVERAGE

&

TOBACCO

-

0

.4

%

1,850,000

BAT

Capital

Corp

3

.222

08/15/24

1,781,341‌

3,000,000

Constellation

Brands,

Inc

3

.600

05/09/24

2,940,767‌

3,775,000

General

Mills,

Inc

5

.241

11/18/25

3,784,399‌

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

8,506,507‌

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

1

.2

%

3,250,000

DH

Europe

Finance

II

Sarl

2

.200

11/15/24

3,096,631‌

10,000,000

HCA,

Inc

5

.375

02/01/25

9,987,893‌

3,300,000

Humana,

Inc

0

.650

08/03/23

3,214,892‌

5,000,000

e

PerkinElmer,

Inc

0

.550

09/15/23

4,843,314‌

2,000,000

Tenet

Healthcare

Corp

4

.625

07/15/24

1,950,514‌

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

23,093,244‌

INSURANCE

-

0

.7

%

3,000,000

g

MassMutual

Global

Funding

II

0

.850

06/09/23

2,944,660‌

3,000,000

g

Principal

Life

Global

Funding

II

0

.750

04/12/24

2,833,656‌

2,500,000

Principal

Life

Global

Funding

II

0

.875

01/12/26

2,201,687‌

5,000,000

g

Protective

Life

Global

Funding

0

.473

01/12/24

4,757,807‌

TOTAL

INSURANCE

12,737,810‌

MATERIALS

-

1

.2

%

6,250,000

Berry

Global,

Inc

0

.950

02/15/24

5,921,311‌

1,200,000

g

Freeport

Indonesia

PT

4

.763

04/14/27

1,152,000‌

4,725,000

g

Orbia

Advance

Corp

SAB

de

C.V.

1

.875

05/11/26

4,081,219‌

3,000,000

g

POSCO

4

.375

08/04/25

2,903,517‌

1,550,000

g

SABIC

Capital

II

BV

4

.000

10/10/23

1,534,409‌

3,000,000

Sherwin-Williams

Co

4

.050

08/08/24

2,954,514‌

2,000,000

Westlake

Chemical

Corp

0

.875

08/15/24

1,857,030‌

3,000,000

WRKCo,

Inc

3

.000

09/15/24

2,867,038‌

TOTAL

MATERIALS

23,271,038‌

MEDIA

&

ENTERTAINMENT

-

1

.8

%

2,000,000

g

CCO

Holdings

LLC

5

.125

05/01/27

1,864,140‌

10,000,000

Charter

Communications

Operating

LLC

4

.908

07/23/25

9,801,010‌

10,000,000

Comcast

Corp

5

.250

11/07/25

10,131,024‌

6,875,000

g

Magallanes,

Inc

3

.638

03/15/25

6,537,866‌

3,400,000

g

Misc

Capital

Two

Labuan

Ltd

3

.625

04/06/25

3,233,298‌

3,000,000

Take-Two

Interactive

Software,

Inc

3

.300

03/28/24

2,929,845‌

TOTAL

MEDIA

&

ENTERTAINMENT

34,497,183‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Fund

December

31,

2022

293

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

0

.5

%

$

4,450,000

AbbVie,

Inc

3

.800

%

03/15/25

$

4,337,013‌

1,668,000

Takeda

Pharmaceutical

Co

Ltd

4

.400

11/26/23

1,654,606‌

1,045,000

Teva

Pharmaceutical

Finance

Netherlands

III

BV

4

.750

05/09/27

944,575‌

3,000,000

Zoetis,

Inc

5

.400

11/14/25

3,059,933‌

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

9,996,127‌

REAL

ESTATE

-

1

.6

%

2,000,000

American

Tower

Corp

3

.375

05/15/24

1,946,196‌

1,450,000

AvalonBay

Communities,

Inc

3

.500

11/15/24

1,410,978‌

2,600,000

Boston

Properties

LP

3

.125

09/01/23

2,559,375‌

1,044,000

Brandywine

Operating

Partnership

LP

4

.100

10/01/24

993,381‌

3,000,000

Brixmor

Operating

Partnership

LP

3

.650

06/15/24

2,907,619‌

5,000,000

Essex

Portfolio

LP

3

.875

05/01/24

4,895,521‌

410,000

Federal

Realty

Investment

Trust

3

.950

01/15/24

404,664‌

1,665,000

g

SBA

Tower

Trust

2

.836

01/15/25

1,569,291‌

13,365,000

g

SBA

Tower

Trust

1

.884

01/15/26

11,754,227‌

2,500,000

g

SBA

Tower

Trust

1

.631

11/15/26

2,123,195‌

TOTAL

REAL

ESTATE

30,564,447‌

RETAILING

-

0

.7

%

1,150,000

Genuine

Parts

Co

1

.750

02/01/25

1,073,728‌

5,000,000

GSK

Consumer

Healthcare

Capital

UK

plc

3

.125

03/24/25

4,754,973‌

2,150,000

g

Kia

Corp

1

.000

04/16/24

2,023,685‌

1,335,000

g

Kia

Corp

2

.375

02/14/25

1,238,529‌

3,000,000

g

Prosus

NV

3

.257

01/19/27

2,681,871‌

1,600,000

g

Volkswagen

Group

of

America

Finance

LLC

3

.125

05/12/23

1,587,218‌

TOTAL

RETAILING

13,360,004‌

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0

.5

%

5,000,000

NVIDIA

Corp

0

.584

06/14/24

4,717,713‌

3,000,000

e,g

SK

Hynix,

Inc

1

.500

01/19/26

2,599,821‌

1,075,000

TSMC

Arizona

Corp

1

.750

10/25/26

959,033‌

1,325,000

TSMC

Arizona

Corp

3

.875

04/22/27

1,273,741‌

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

9,550,308‌

SOFTWARE

&

SERVICES

-

0

.8

%

5,000,000

Adobe,

Inc

1

.900

02/01/25

4,723,403‌

5,000,000

Fidelity

National

Information

Services,

Inc

0

.600

03/01/24

4,731,102‌

2,100,000

g

HCL

America,

Inc

1

.375

03/10/26

1,856,842‌

925,000

g

NortonLifeLock,

Inc

6

.750

09/30/27

906,500‌

3,100,000

Oracle

Corp

5

.800

11/10/25

3,169,394‌

TOTAL

SOFTWARE

&

SERVICES

15,387,241‌

TELECOMMUNICATION

SERVICES

-

0

.4

%

2,400,000

g

KT

Corp

4

.000

08/08/25

2,334,787‌

5,000,000

T-Mobile

USA,

Inc

3

.500

04/15/25

4,808,526‌

TOTAL

TELECOMMUNICATION

SERVICES

7,143,313‌

TRANSPORTATION

-

0

.4

%

5,000,000

Canadian

Pacific

Railway

Co

1

.350

12/02/24

4,660,506‌

3,000,000

g

Grupo

Aeromexico

SAB

de

C.V.

8

.500

03/17/27

2,649,724‌

TOTAL

TRANSPORTATION

7,310,230‌

UTILITIES

-

1

.4

%

3,000,000

Atmos

Energy

Corp

0

.625

03/09/23

2,977,931‌

3,225,000

Consumers

Energy

Co

0

.350

06/01/23

3,165,311‌

3,000,000

Dominion

Energy,

Inc

3

.300

03/15/25

2,878,811‌

5,000,000

NextEra

Energy

Capital

Holdings,

Inc

0

.650

03/01/23

4,965,763‌

5,750,000

NextEra

Energy

Capital

Holdings,

Inc

4

.200

06/20/24

5,674,212‌

3,000,000

Nutrien

Ltd

5

.900

11/07/24

3,037,702‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Fund

December

31,

2022

294

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

3,000,000

g

Tengizchevroil

Finance

Co

International

Ltd

2

.625

%

08/15/25

$

2,565,720‌

2,020,000

WEC

Energy

Group,

Inc

0

.550

09/15/23

1,958,480‌

TOTAL

UTILITIES

27,223,930‌

TOTAL

CORPORATE

BONDS

621,671,478‌

(Cost

$648,900,391)

GOVERNMENT

BONDS

-

41

.0

%

AGENCY

SECURITIES

-

1

.0

%

1,995,000

Montefiore

Medical

Center

2

.152

10/20/26

1,825,283‌

5,900,000

Private

Export

Funding

Corp

(PEFCO)

1

.750

11/15/24

5,552,608‌

3,684,210

Reliance

Industries

Ltd

1

.870

01/15/26

3,505,173‌

3,500,000

Reliance

Industries

Ltd

2

.060

01/15/26

3,340,023‌

4,605,263

Reliance

Industries

Ltd

2

.444

01/15/26

4,422,455‌

TOTAL

AGENCY

SECURITIES

18,645,542‌

FOREIGN

GOVERNMENT

BONDS

-

8

.2

%

1,450,000

g

African

Export-Import

Bank

2

.634

05/17/26

1,304,413‌

3,325,000

g

Arab

Petroleum

Investments

Corp

4

.125

09/18/23

3,297,169‌

5,000,000

g

BNG

Bank

NV

3

.500

08/26/24

4,898,128‌

3,000,000

g

BNG

Bank

NV

0

.875

05/18/26

2,663,708‌

3,250,000

Brazilian

Government

International

Bond

2

.625

01/05/23

3,250,000‌

2,500,000

Brazilian

Government

International

Bond

2

.875

06/06/25

2,359,852‌

5,000,000

g

Caisse

d'Amortissement

de

la

Dette

Sociale

0

.375

09/23/25

4,480,100‌

10,000,000

g

CDP

Financial,

Inc

0

.875

06/10/25

9,140,502‌

2,500,000

g

Development

Bank

of

Japan,

Inc

0

.500

03/04/24

2,373,137‌

1,725,000

g

Egypt

Government

International

Bond

5

.577

02/21/23

1,711,535‌

1,500,000

g

Egypt

Government

International

Bond

4

.550

11/20/23

1,449,259‌

3,200,000

Export-Import

Bank

of

India

4

.000

01/14/23

3,198,724‌

1,000,050

g

Honduras

Government

International

Bond

7

.500

03/15/24

992,050‌

8,900,000

g

International

Development

Association

2

.750

04/24/23

8,846,593‌

6,100,000

Japan

Bank

for

International

Cooperation

1

.750

01/23/23

6,090,545‌

6,650,000

g

Japan

Finance

Organization

for

Municipalities

3

.375

09/27/23

6,560,291‌

1,560,000

g

Kommunalbanken

AS.

2

.750

02/05/24

1,524,377‌

10,000,000

g

Kommunalbanken

AS.

0

.375

09/11/25

8,965,519‌

1,200,000

g

Kommuninvest

I

Sverige

AB

2

.875

07/03/24

1,166,452‌

3,000,000

g

Korea

Electric

Power

Corp

3

.625

06/14/25

2,869,890‌

2,800,000

g

Korea

Hydro

&

Nuclear

Power

Co

Ltd

1

.250

04/27/26

2,465,941‌

12,000,000

i

Kreditanstalt

fuer

Wiederaufbau

SOFR

+

1.000%

5

.103

02/12/24

12,118,666‌

10,000,000

Mexico

Government

International

Bond

2

.659

05/24/31

8,065,287‌

3,000,000

g

Morocco

Government

International

Bond

2

.375

12/15/27

2,607,459‌

5,950,000

g

OMERS

Finance

Trust

2

.500

05/02/24

5,752,268‌

5,000,000

g

Ontario

Teachers'

Finance

Trust

1

.625

09/12/24

4,737,014‌

5,000,000

g

Perusahaan

Penerbit

SBSN

Indonesia

III

3

.750

03/01/23

4,987,500‌

3,400,000

g

Perusahaan

Penerbit

SBSN

Indonesia

III

3

.900

08/20/24

3,357,500‌

5,400,000

Province

of

British

Columbia

Canada

1

.300

01/29/31

4,284,527‌

5,000,000

Province

of

Quebec

Canada

1

.900

04/21/31

4,145,650‌

3,000,000

g

Qatar

Government

International

Bond

3

.375

03/14/24

2,937,940‌

4,000,000

g

Qatar

Government

International

Bond

4

.000

03/14/29

3,941,069‌

6,800,000

Republic

of

Italy

Government

International

Bond

2

.375

10/17/24

6,396,522‌

1,500,000

g

Republic

of

Paraguay

Government

International

Bond

4

.625

01/25/23

1,487,640‌

2,000,000

g

Republic

of

Uzbekistan

International

Bond

4

.750

02/20/24

1,954,340‌

5,200,000

g

Saudi

Government

International

Bond

3

.250

10/26/26

4,968,479‌

1,540,000

Svensk

Exportkredit

AB

1

.750

12/12/23

1,495,823‌

5,000,000

Svensk

Exportkredit

AB

0

.500

08/26/25

4,497,000‌

TOTAL

FOREIGN

GOVERNMENT

BONDS

157,342,869‌

MORTGAGE

BACKED

-

5

.3

%

285,000

g,i

Connecticut

Avenue

Securities

Trust

5

.828

12/25/41

271,064‌

4,490,000

g,i

Connecticut

Avenue

Securities

Trust

7

.028

03/25/42

4,479,518‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Fund

December

31,

2022

295

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MORTGAGE

BACKED—continued

$

6,000,000

g,i

Connecticut

Avenue

Securities

Trust

8

.594

%

06/25/42

$

6,297,911‌

6,225,000

g,i

Freddie

Mac

STACR

REMIC

Trust

6

.178

08/25/33

6,100,457‌

9,660,000

g,i

Freddie

Mac

STACR

REMIC

Trust

5

.428

10/25/41

9,188,780‌

13,302,803

g,i

Freddie

Mac

STACR

REMIC

Trust

4

.928

01/25/42

12,968,171‌

20,000,000

g,i

Freddie

Mac

STACR

REMIC

Trust

7

.278

05/25/42

20,134,570‌

1,175,000

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

7

.928

07/25/42

1,185,944‌

7,153,694

Government

National

Mortgage

Association

(GNMA)

2

.000

05/15/31

6,374,890‌

17,957,687

GNMA

1

.730

07/15/37

15,190,597‌

20,819,757

GNMA

4

.250

09/15/38

20,563,061‌

TOTAL

MORTGAGE

BACKED

102,754,963‌

MUNICIPAL

BONDS

-

0

.8

%

11,755,000

City

of

New

York

NY

2

.280

08/01/25

11,042,546‌

6,000,000

Massachusetts

Water

Resources

Authority

3

.104

08/01/39

4,609,592‌

TOTAL

MUNICIPAL

BONDS

15,652,138‌

U.S.

TREASURY

SECURITIES

-

25

.7

%

48,208,260

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.625

01/15/24

47,184,072‌

45,486,210

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.500

04/15/24

44,232,302‌

13,804,010

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

07/15/24

13,358,617‌

29,034,750

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

10/15/24

27,960,437‌

25,522,100

k

United

States

Treasury

Inflation

Indexed

Bonds

2

.000

01/15/26

25,489,927‌

30,677,940

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

04/15/26

28,840,741‌

3,271,350

k

United

States

Treasury

Inflation

Indexed

Bonds

0

.125

10/15/26

3,066,274‌

36,463,513

k

United

States

Treasury

Inflation

Indexed

Bonds

1

.625

10/15/27

36,420,757‌

40,000,000

United

States

Treasury

Note

0

.125

07/15/23

39,028,125‌

25,000,000

United

States

Treasury

Note

0

.125

07/31/23

24,341,797‌

34,100,000

United

States

Treasury

Note

0

.125

08/31/23

33,070,340‌

124,130,000

United

States

Treasury

Note

4

.250

12/31/24

123,698,455‌

10,000,000

United

States

Treasury

Note

1

.750

03/15/25

9,449,219‌

2,271,000

United

States

Treasury

Note

4

.000

12/15/25

2,256,451‌

10,860,000

United

States

Treasury

Note

3

.875

12/31/27

10,797,216‌

26,232,000

United

States

Treasury

Note

4

.125

11/15/32

26,768,936‌

TOTAL

U.S.

TREASURY

SECURITIES

495,963,666‌

TOTAL

GOVERNMENT

BONDS

790,359,178‌

(Cost

$824,267,183)

STRUCTURED

ASSETS

-

23

.0

%

ASSET

BACKED

-

7

.9

%

74,614

Aames

Mortgage

Trust

(Step

Bond)

7

.396

06/25/32

71,937‌

Series

-

2002

1

(Class

A3)

55,677

†,g

Asset

Backed

Funding

Corp

NIM

Trust

5

.900

07/26/35

1‌

Series

-

2005

WMC1

(Class

N1)

994,478

i

Asset

Backed

Securities

Corp

Home

Equity

Loan

Trust

LIBOR

1

M

+

1.650%

5

.968

03/15/32

977,100‌

Series

-

2002

HE1

(Class

M1)

4,214,000

i

Bayview

Financial

Mortgage

Pass-Through

Trust

LIBOR

1

M

+

1.125%

5

.514

02/28/41

4,159,321‌

Series

-

2006

A

(Class

M4)

1,942,822

g

Capital

Automotive

REIT

1

.440

08/15/51

1,664,219‌

Series

-

2021

1A

(Class

A1)

2,111,916

g

Capital

Automotive

REIT

1

.920

08/15/51

1,811,956‌

Series

-

2021

1A

(Class

A3)

8,600,000

CarMax

Auto

Owner

Trust

0

.740

10/15/26

7,779,902‌

Series

-

2021

1

(Class

B)

7,000,000

CarMax

Auto

Owner

Trust

1

.000

03/15/27

6,279,751‌

Series

-

2021

3

(Class

B)

1,205

Centex

Home

Equity

5

.540

01/25/32

1,178‌

Series

-

2002

A

(Class

AF6)

47,557

i

Centex

Home

Equity

LIBOR

1

M

+

0.645%

5

.034

03/25/34

45,216‌

Series

-

2004

B

(Class

M1)

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Fund

December

31,

2022

296

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

9,673,415

g

CF

Hippolyta

LLC

1

.690

%

07/15/60

$

8,634,414‌

Series

-

2020

1

(Class

A1)

122,341

i

Chase

Funding

Mortgage

Loan

Asset-Backed

Certificates

5

.700

02/26/35

116,738‌

Series

-

2004

2

(Class

1M2)

2,540,000

CNH

Equipment

Trust

0

.900

01/16/29

2,241,290‌

Series

-

2021

B

(Class

B)

6,732,000

g

DB

Master

Finance

LLC

2

.045

11/20/51

5,746,233‌

Series

-

2021

1A

(Class

A2I)

10,835,000

g

Domino's

Pizza

Master

Issuer

LLC

2

.662

04/25/51

9,011,274‌

Series

-

2021

1A

(Class

A2I)

2,464,777

g

FCI

Funding

LLC

1

.130

04/15/33

2,407,166‌

Series

-

2021

1A

(Class

A)

2,469,340

g

FNA

VI

LLC

1

.350

01/10/32

2,245,852‌

Series

-

2021

1A

(Class

A)

4,500,000

Ford

Credit

Auto

Owner

Trust

0

.700

10/15/26

4,093,216‌

Series

-

2021

A

(Class

B)

1,500,000

g

Ford

Credit

Auto

Owner

Trust

1

.610

10/17/33

1,324,181‌

Series

-

2021

1

(Class

B)

3,350,000

GM

Financial

Consumer

Automobile

Receivables

Trust

0

.750

05/17/27

3,065,101‌

Series

-

2021

1

(Class

B)

6,500,000

g

Hyundai

Auto

Lease

Securitization

Trust

0

.610

10/15/25

6,338,324‌

Series

-

2021

A

(Class

B)

1,000,000

g,i

Irvine

Core

Office

Trust

3

.173

05/15/48

988,646‌

Series

-

2013

IRV

(Class

A2)

6,100,000

g,i

MSCG

Trust

3

.462

06/07/35

5,154,563‌

Series

-

2015

ALDR

(Class

C)

2,771,334

g

Navient

Private

Education

Refi

Loan

Trust

0

.840

05/15/69

2,396,116‌

Series

-

2021

A

(Class

A)

3,000,000

g

Oportun

Funding

XIV

LLC

1

.210

03/08/28

2,793,535‌

Series

-

2021

A

(Class

A)

2,000,000

g

Oportun

Issuance

Trust

1

.960

05/08/31

1,727,541‌

Series

-

2021

B

(Class

B)

920,975

i

Park

Place

Securities,

Inc

LIBOR

1

M

+

1.245%

5

.634

01/25/36

900,102‌

Series

-

2005

WCH1

(Class

M4)

5,000,000

g

PFS

Financing

Corp

1

.570

10/15/25

4,817,836‌

Series

-

2020

E

(Class

B)

7,000,000

g

PFS

Financing

Corp

0

.710

04/15/26

6,586,509‌

Series

-

2021

A

(Class

A)

5,500,000

g

Santander

Consumer

Auto

Receivables

Trust

0

.710

08/17/26

5,071,505‌

Series

-

2021

AA

(Class

B)

6,824,912

SCE

Recovery

Funding

LLC

0

.861

11/15/31

5,670,162‌

2,456,250

g

ServiceMaster

Funding

LLC

2

.841

10/30/51

1,967,650‌

Series

-

2020

1

(Class

A2I)

5,663,750

g

SERVPRO

Master

Issuer

LLC

2

.394

04/25/51

4,430,219‌

Series

-

2021

1A

(Class

A2)

1,914,150

g

Sierra

Timeshare

Receivables

Funding

LLC

0

.990

11/20/37

1,771,166‌

Series

-

2021

1A

(Class

A)

219,122

g

SoFi

Professional

Loan

Program

LLC

2

.340

04/25/33

214,573‌

Series

-

2016

D

(Class

A2B)

68,757

g

SoFi

Professional

Loan

Program

LLC

2

.630

07/25/40

67,482‌

Series

-

2017

C

(Class

A2B)

12,711,600

g

Taco

Bell

Funding

LLC

1

.946

08/25/51

10,741,594‌

Series

-

2021

1A

(Class

A2I)

5,000,000

g

Tesla

Auto

Lease

Trust

1

.020

03/20/25

4,777,997‌

Series

-

2021

A

(Class

B)

10,185,000

Verizon

Master

Trust

0

.890

05/20/27

9,487,948‌

Series

-

2021

1

(Class

C)

10,000,000

Verizon

Owner

Trust

0

.680

02/20/25

9,636,632‌

Series

-

2020

B

(Class

B)

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Fund

December

31,

2022

297

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

ASSET

BACKED—continued

$

5,722,850

g

Wendy's

Funding

LLC

2

.370

%

06/15/51

$

4,620,194‌

Series

-

2021

1A

(Class

A2I)

TOTAL

ASSET

BACKED

151,836,340‌

OTHER

MORTGAGE

BACKED

-

15

.1

%

2,468,622

g,i

ACRE

Commercial

Mortgage

Ltd

LIBOR

1

M

+

0.830%

5

.169

12/18/37

2,446,210‌

Series

-

2021

FL4

(Class

A)

5,242,000

g,i

Angel

Oak

Mortgage

Trust

3

.161

12/25/59

4,364,880‌

Series

-

2020

1

(Class

M1)

2,500,000

g,i

Ashford

Hospitality

Trust

LIBOR

1

M

+

2.750%

2

.860

06/15/35

2,363,705‌

Series

-

2018

KEYS

(Class

D)

7,500,000

g,i

BAMLL

Commercial

Mortgage

Securities

Trust

6

.486

01/15/39

7,136,924‌

Series

-

2022

DKLX

(Class

C)

4,119,000

g,i

BBCMS

Trust

LIBOR

1

M

+

1.000%

5

.318

07/15/37

4,008,376‌

Series

-

2018

CBM

(Class

A)

137,010

i

Bear

Stearns

ALT-A

Trust

LIBOR

1

M

+

0.600%

4

.989

06/25/34

137,498‌

Series

-

2004

4

(Class

A1)

1,280,510

g,i

BHP

Trust

LIBOR

1

M

+

0.975%

5

.293

08/15/36

1,246,300‌

Series

-

2019

BXHP

(Class

A)

4,675,000

g,i

BX

Commercial

Mortgage

Trust

LIBOR

1

M

+

2.114%

2

.110

10/15/36

4,506,033‌

Series

-

2019

XL

(Class

F)

3,060,000

g,i

BX

Commercial

Mortgage

Trust

LIBOR

1

M

+

1.364%

5

.700

10/15/36

2,986,287‌

Series

-

2019

XL

(Class

C)

5,230,379

g,i

BX

Commercial

Mortgage

Trust

LIBOR

1

M

+

0.870%

5

.188

06/15/38

4,993,454‌

Series

-

2021

SOAR

(Class

B)

4,633,575

g,i

BX

Commercial

Mortgage

Trust

LIBOR

1

M

+

0.998%

5

.316

10/15/38

4,421,632‌

Series

-

2021

XL2

(Class

B)

7,830,742

g,i

BX

Commercial

Mortgage

Trust

LIBOR

1

M

+

1.197%

5

.515

10/15/38

7,444,823‌

Series

-

2021

XL2

(Class

C)

1,390,073

g,i

BX

Commercial

Mortgage

Trust

LIBOR

1

M

+

1.846%

6

.164

10/15/38

1,310,242‌

Series

-

2021

XL2

(Class

E)

1,000,000

g,i

BX

Commercial

Mortgage

Trust

6

.176

01/17/39

949,601‌

Series

-

2022

AHP

(Class

B)

1,392,585

g,i

BX

TRUST

5

.897

02/15/39

1,315,005‌

Series

-

2022

LP2

(Class

C)

3,586,872

g,i

Chase

Mortgage

Trust

3

.750

12/25/45

3,139,529‌

Series

-

2016

SH2

(Class

M2)

18,795

Citicorp

Mortgage

Securities

Trust

5

.500

02/25/26

18,157‌

Series

-

2006

1

(Class

5A1)

1,400,000

i

Citigroup

Commercial

Mortgage

Trust

4

.134

04/10/46

1,387,677‌

Series

-

2013

GC11

(Class

C)

990,000

Citigroup

Commercial

Mortgage

Trust

3

.863

07/10/47

946,457‌

Series

-

2014

GC23

(Class

AS)

1,500,000

i

Citigroup

Commercial

Mortgage

Trust

4

.345

10/10/47

1,413,687‌

Series

-

2014

GC25

(Class

B)

914,221

g,i

Citigroup

Mortgage

Loan

Trust

LIBOR

1

M

+

0.290%

2

.631

09/25/36

865,969‌

Series

-

2006

AMC1

(Class

A1)

3,000,000

g

COMM

Mortgage

Trust

3

.376

01/10/39

2,511,347‌

Series

-

2022

HC

(Class

C)

3,623,360

g

COMM

Mortgage

Trust

3

.397

03/10/46

3,603,820‌

Series

-

2013

CR6

(Class

B)

1,600,000

g,i

COMM

Mortgage

Trust

4

.869

08/10/46

1,557,113‌

Series

-

2013

CR10

(Class

C)

2,983,000

g,i

COMM

Mortgage

Trust

4

.869

08/10/46

2,830,557‌

Series

-

2013

CR10

(Class

D)

3,879,904

COMM

Mortgage

Trust

4

.701

03/10/47

3,745,799‌

Series

-

2014

UBS2

(Class

B)

2,500,000

COMM

Mortgage

Trust

4

.012

06/10/47

2,403,837‌

Series

-

2014

UBS3

(Class

AM)

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Fund

December

31,

2022

298

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

2,000,000

i

COMM

Mortgage

Trust

4

.697

%

08/10/47

$

1,908,549‌

Series

-

2014

CR19

(Class

B)

1,000,000

g,i

COMM

Mortgage

Trust

4

.697

08/10/47

899,861‌

Series

-

2014

CR19

(Class

D)

1,012,000

i

COMM

Mortgage

Trust

4

.301

05/10/48

926,250‌

Series

-

2015

CR23

(Class

C)

4,115,000

i

COMM

Mortgage

Trust

4

.330

07/10/48

3,815,967‌

Series

-

2015

LC21

(Class

B)

3,000,000

i

COMM

Mortgage

Trust

3

.463

08/10/48

2,450,039‌

Series

-

2015

CR24

(Class

D)

4,170,000

i

COMM

Mortgage

Trust

4

.518

08/10/48

3,855,201‌

Series

-

2015

CR25

(Class

B)

2,500,000

i

COMM

Mortgage

Trust

4

.467

10/10/48

2,327,994‌

Series

-

2015

CR26

(Class

B)

8,100,000

g,i

Connecticut

Avenue

Securities

Trust

5

.478

10/25/41

7,899,484‌

Series

-

2021

R01

(Class

1M2)

9,269,091

g,i

Connecticut

Avenue

Securities

Trust

4

.778

12/25/41

9,094,966‌

Series

-

2021

R03

(Class

1M1)

3,795,000

g,i

Connecticut

Avenue

Securities

Trust

8

.694

09/25/42

3,877,640‌

Series

-

2022

R09

(Class

2M2)

2,523,039

g

Credit

Suisse

Commercial

Mortgage

Trust

3

.304

09/15/37

2,278,176‌

Series

-

2014

USA

(Class

A1)

4,150,000

g,i

Credit

Suisse

Mortgage

Capital

Certificates

LIBOR

1

M

+

0.980%

5

.298

05/15/36

4,106,626‌

Series

-

2019

ICE4

(Class

A)

1,400,000

g

CSMC

2

.816

08/15/37

1,264,240‌

Series

-

2020

NET

(Class

B)

2,322,965

g

CSMC

Trust

1

.414

05/25/65

2,107,629‌

Series

-

2020

NQM1

(Class

A2)

25,267

Deutsche

Mortgage

Securities,

Inc

Mortgage

Loan

Trust

(Step

Bond)

5

.940

07/25/34

24,585‌

Series

-

2004

5

(Class

A5B)

1,025,000

g,i

ELP

Commercial

Mortgage

Trust

LIBOR

1

M

+

2.118%

6

.436

11/15/38

945,811‌

Series

-

2021

ELP

(Class

E)

460,000

g,i

Freddie

Mac

STACR

REMIC

Trust

6

.828

04/25/42

455,196‌

Series

-

2022

DNA3

(Class

M1B)

7,142,027

g,i

Freddie

Mac

Structured

Agency

Credit

Risk

Debt

Notes

1

.349

02/25/42

7,026,583‌

Series

-

2022

DNA2

(Class

M1A)

296,198

g

GS

Mortgage

Securities

Corp

II

3

.419

10/10/32

288,525‌

Series

-

2017

SLP

(Class

A)

3,000,000

g

GS

Mortgage

Securities

Corp

II

2

.954

11/05/34

2,629,351‌

Series

-

2012

BWTR

(Class

A)

4,290,676

g

GS

Mortgage

Securities

Corp

II

3

.682

02/10/46

4,282,355‌

Series

-

2013

GC10

(Class

B)

2,598,000

g,i

GS

Mortgage

Securities

Corp

II

4

.339

02/10/46

2,389,039‌

Series

-

2013

GC10

(Class

D)

2,000,000

g,i

GS

Mortgage

Securities

Trust

LIBOR

1

M

+

1.090%

5

.410

10/15/31

1,898,532‌

Series

-

2018

HART

(Class

A)

1,646,485

GS

Mortgage

Securities

Trust

4

.649

11/10/46

1,618,264‌

Series

-

2013

GC16

(Class

AS)

1,321,000

g,i

GS

Mortgage

Securities

Trust

3

.349

07/10/52

1,277,576‌

Series

-

2019

GC40

(Class

DBA)

9,000,000

g,i

GS

Mortgage

Securities

Trust

3

.501

07/10/52

8,701,776‌

Series

-

2019

GC40

(Class

DBB)

5,000,000

g,i

GS

Mortgage

Securities

Trust

3

.550

07/10/52

4,834,277‌

Series

-

2019

GC40

(Class

DBC)

3,183,294

g,i

GS

Mortgage-Backed

Securities

Corp

Trust

3

.000

03/27/51

2,624,574‌

Series

-

2020

PJ5

(Class

A4)

325,001

IMC

Home

Equity

Loan

Trust

(Step

Bond)

5

.432

08/20/29

301,813‌

Series

-

1998

3

(Class

A7)

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Fund

December

31,

2022

299

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

67,489

i

Impac

CMB

Trust

LIBOR

1

M

+

0.660%

5

.049

%

03/25/35

$

63,006‌

Series

-

2004

11

(Class

2A1)

4,724,484

g,i

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

LIBOR

1

M

+

0.800%

5

.118

04/15/38

4,606,149‌

Series

-

2021

MHC

(Class

A)

2,000,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Corp

3

.372

12/15/47

1,995,083‌

Series

-

2013

C10

(Class

AS)

3,843,000

i

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

4

.122

01/15/46

3,750,710‌

Series

-

2013

C13

(Class

C)

1,367,093

g,i

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

5

.013

02/15/46

1,309,368‌

Series

-

2011

C3

(Class

B)

2,300,000

JP

Morgan

Chase

Commercial

Mortgage

Securities

Trust

2

.870

08/15/49

2,097,449‌

Series

-

2016

JP3

(Class

A5)

66,569

g,i

JP

Morgan

Mortgage

Trust

LIBOR

1

M

+

0.950%

4

.994

10/25/49

65,504‌

Series

-

2019

INV1

(Class

A11)

185,254

JPMBB

Commercial

Mortgage

Securities

Trust

3

.657

09/15/47

181,273‌

Series

-

2014

C23

(Class

ASB)

4,700,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.482

09/15/47

4,375,502‌

Series

-

2014

C23

(Class

B)

1,570,000

JPMBB

Commercial

Mortgage

Securities

Trust

4

.106

08/15/48

1,470,352‌

Series

-

2015

C31

(Class

AS)

1,200,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.622

08/15/48

1,108,566‌

Series

-

2015

C31

(Class

B)

5,000,000

i

JPMBB

Commercial

Mortgage

Securities

Trust

4

.622

08/15/48

4,492,526‌

Series

-

2015

C31

(Class

C)

2,000,000

i

JPMCC

Commercial

Mortgage

Securities

Trust

3

.780

03/15/50

1,595,358‌

Series

-

2017

JP5

(Class

C)

4,000,000

g,i

MHC

Commercial

Mortgage

Trust

LIBOR

1

M

+

0.801%

5

.119

04/15/38

3,885,130‌

Series

-

2021

MHC

(Class

A)

5,000,000

g,i

MHC

Commercial

Mortgage

Trust

LIBOR

1

M

+

1.101%

5

.419

04/15/38

4,809,155‌

Series

-

2021

MHC

(Class

B)

1,813,112

g

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

3

.989

12/15/46

1,694,946‌

Series

-

2014

C19

(Class

LNC1)

6,770,000

i

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

4

.869

02/15/47

6,552,395‌

Series

-

2014

C14

(Class

B)

5,000,000

i

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2014

C19

4

.000

12/15/47

4,633,222‌

Series

-

2014

C19

(Class

B)

3,986,816

g,i

Morgan

Stanley

Capital

I

Inc

LIBOR

1

M

+

1.377%

5

.695

11/15/23

3,786,057‌

Series

-

2021

ILP

(Class

C)

2,500,000

g

MRCD

Mortgage

Trust

2

.718

12/15/36

2,231,797‌

Series

-

2019

PARK

(Class

D)

2,500,000

g

MRCD

Mortgage

Trust

2

.718

12/15/36

2,211,993‌

Series

-

2019

PARK

(Class

E)

7,530,000

g,i

MTN

Commercial

Mortgage

Trust

6

.231

03/15/39

7,228,411‌

Series

-

2022

LPFL

(Class

B)

9,500,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

1.500%

5

.818

07/15/36

9,099,334‌

Series

-

2019

MILE

(Class

A)

7,500,000

g,i

Natixis

Commercial

Mortgage

Securities

Trust

LIBOR

1

M

+

2.200%

6

.518

07/15/36

6,824,605‌

Series

-

2019

MILE

(Class

C)

351,744

g

Natixis

Commercial

Mortgage

Securities

Trust

2

.966

12/15/38

325,234‌

Series

-

2020

2PAC

(Class

A)

329,304

g,i

New

Residential

Mortgage

Loan

Trust

3

.750

11/25/54

304,499‌

Series

-

2014

3A

(Class

AFX3)

525,733

g,i

New

Residential

Mortgage

Loan

Trust

3

.750

03/25/56

484,520‌

Series

-

2016

1A

(Class

A1)

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Fund

December

31,

2022

300

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

OTHER

MORTGAGE

BACKED—continued

$

919,346

g,i

New

Residential

Mortgage

Loan

Trust

4

.000

%

12/25/57

$

866,114‌

Series

-

2018

1A

(Class

A1A)

516,252

g,i

New

Residential

Mortgage

Loan

Trust

4

.750

12/25/57

498,498‌

Series

-

2018

5A

(Class

A1)

786,492

g,i

OBX

Trust

LIBOR

1

M

+

0.650%

5

.039

06/25/57

743,242‌

Series

-

2018

1

(Class

A2)

4,797,619

g,i

OPG

Trust

LIBOR

1

M

+

0.713%

0

.803

10/15/36

4,530,026‌

Series

-

2021

PORT

(Class

B)

4,112,245

g,i

OPG

Trust

LIBOR

1

M

+

1.529%

5

.847

10/15/36

3,824,608‌

Series

-

2021

PORT

(Class

E)

2,000,000

g,i

PKHL

Commercial

Mortgage

Trust

LIBOR

1

M

+

2.000%

6

.318

07/15/38

1,819,714‌

Series

-

2021

MF

(Class

D)

2,000,000

g

RBS

Commercial

Funding,

Inc

Trust

3

.511

03/11/31

1,946,500‌

Series

-

2013

SMV

(Class

B)

7,886,000

g,i

RLGH

Trust

LIBOR

1

M

+

1.165%

5

.483

04/15/36

7,590,739‌

Series

-

2021

TROT

(Class

B)

3,858,362

g,i

SMR

Mortgage

Trust

6

.736

02/15/39

3,646,665‌

Series

-

2022

IND

(Class

B)

2,000,000

g,i

SREIT

Trust

LIBOR

1

M

+

1.171%

5

.489

11/15/36

1,913,733‌

Series

-

2021

MFP2

(Class

B)

741,732

i

Structured

Adjustable

Rate

Mortgage

Loan

Trust

LIBOR

1

M

+

0.370%

4

.759

07/25/34

726,160‌

Series

-

2004

9XS

(Class

A)

3,389,047

g

Verus

Securitization

Trust

2

.417

01/25/60

3,205,872‌

Series

-

2020

1

(Class

A1)

3,193,711

g

Verus

Securitization

Trust

2

.724

01/25/60

3,010,916‌

Series

-

2020

1

(Class

A3)

1,552,193

g

Verus

Securitization

Trust

2

.321

05/25/65

1,413,720‌

Series

-

2020

4

(Class

A3)

8,170,998

g,i

Verus

Securitization

Trust

2

.240

10/25/66

6,659,980‌

Series

-

2021

7

(Class

A3)

1,000,000

i

WFRBS

3

.910

05/15/45

976,868‌

Series

-

2013

C13

(Class

C)

3,000,000

i

WFRBS

Commercial

Mortgage

Trust

4

.192

03/15/45

2,898,389‌

Series

-

2013

C11

(Class

C)

530,000

i

WFRBS

Commercial

Mortgage

Trust

4

.153

08/15/46

523,931‌

Series

-

2013

C15

(Class

A4)

1,282,000

i

WFRBS

Commercial

Mortgage

Trust

4

.387

12/15/46

1,247,539‌

Series

-

2013

C18

(Class

AS)

2,500,000

i

WFRBS

Commercial

Mortgage

Trust

4

.204

11/15/47

2,274,577‌

Series

-

2014

C24

(Class

B)

TOTAL

OTHER

MORTGAGE

BACKED

291,665,733‌

TOTAL

STRUCTURED

ASSETS

443,502,073‌

(Cost

$477,734,795)

TOTAL

BONDS

1,855,532,729‌

(Cost

$1,950,902,369)

REFERENCERATE

&

SPREAD

SHORT-TERM

INVESTMENTS

-

8.2%

GOVERNMENT

AGENCY

DEBT

-

0

.4

%

$

3,000,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

01/03/23

3,000,000‌

4,750,000

FHLB

0

.000

02/15/23

4,724,985‌

TOTAL

GOVERNMENT

AGENCY

DEBT

7,724,985‌

REPURCHASE

AGREEMENT

-

7

.8

%

151,535,000

r

Fixed

Income

Clearing

Corp

(FICC)

4

.080

01/03/23

151,535,000‌

TOTAL

REPURCHASE

AGREEMENT

151,535,000‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Fund

December

31,

2022

301

TIAA-CREF

Funds

December

31,

2022

concluded

SHARES

COMPANY

RATE

EXP

VALUE

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

-

0

.0

%

195,574

c

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4

.340

%

$

195,574‌

TOTAL

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

195,574‌

TOTAL

SHORT-TERM

INVESTMENTS

159,455,559‌

(Cost

$159,454,542)

TOTAL

INVESTMENTS

-

106.8%

2,060,986,436‌

(Cost

$2,156,530,276)

OTHER

ASSETS

&

LIABILITIES,

NET

-

(6.8)%

(

131,989,697‌

)

NET

ASSETS

-

100.0%

$

1,928,996,739‌

LIBOR

London

Interbank

Offered

Rate

M

Month

REIT

Real

Estate

Investment

Trust

REMIC

Real

Estate

Mortgage

Investment

Conduit

SOFR

Secure

Overnight

Financing

Rate

†

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

c

Investments

made

with

cash

collateral

received

from

securities

on

loan.

e

All

or

a

portion

of

these

securities

are

out

on

loan.

The

aggregate

value

of

securities

on

loan

is

$176,227.

g

Security

is

exempt

from

registration

under

Rule

144(A)

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

h

All

or

a

portion

of

these

securities

were

purchased

on

a

delayed

delivery

basis.

i

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

k

Principal

amount

for

interest

accrual

purposes

is

periodically

adjusted

based

on

changes

in

the

Consumer

Price

Index.

r

Agreement

with

Fixed

Income

Clearing

Corp

(FICC),

4.080%

dated

12/30/22

to

be

repurchased

at

$151,535,000

on

1/3/23,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

1.000%

and

maturity

date

7/31/28,

valued

at

$154,565,743.

Futures

contracts

outstanding

as

of

December

31,

2022

were

as

follows:

Description

Number

of

long

(short)

contracts

Expiration

date

Notional

amount

Value

Unrealized

appreciation

(depreciation)

Chicago

Board

of

Trade

(

200‌

)

03/22/23

 $

(

22,538,706‌

)

$

(

22,459,375‌

)

 $

79,330‌

US

10YR

Ultra

(

170‌

)

03/22/23

(

20,223,969‌

)

(

20,107,813‌

)

116,157‌

US

Long

Bond

CBT

(

38‌

)

03/22/23

(

4,807,292‌

)

(

4,763,062‌

)

44,230‌

Total

(

408‌

)

 $

(

47,569,967‌

)

 $

(

47,330,250‌

)

$

239,717‌

Short-Term

Bond

Index

Fund

December

31,

2022

Portfolio

of

investments

(unaudited)

302

December

31,

2022

TIAA-CREF

Funds

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BONDS

-

99.4%

CORPORATE

BONDS

-

24

.3

%

AUTOMOBILES

&

COMPONENTS

-

0

.1

%

$

400,000

Aptiv

plc

2

.396

%

02/18/25

$

377,197‌

1,000,000

Honda

Motor

Co

Ltd

2

.271

03/10/25

946,271‌

300,000

Magna

International,

Inc

4

.150

10/01/25

292,709‌

TOTAL

AUTOMOBILES

&

COMPONENTS

1,616,177‌

BANKS

-

7

.3

%

200,000

Banco

Bilbao

Vizcaya

Argentaria

S.A.

0

.875

09/18/23

193,682‌

600,000

Banco

Bilbao

Vizcaya

Argentaria

S.A.

5

.862

09/14/26

599,815‌

200,000

Banco

Santander

S.A.

3

.892

05/24/24

195,788‌

600,000

Banco

Santander

S.A.

3

.496

03/24/25

577,763‌

600,000

Banco

Santander

S.A.

2

.746

05/28/25

561,534‌

1,000,000

Banco

Santander

S.A.

5

.147

08/18/25

988,931‌

600,000

Banco

Santander

S.A.

5

.179

11/19/25

590,207‌

700,000

Bank

of

America

Corp

4

.200

08/26/24

689,170‌

1,250,000

Bank

of

America

Corp

0

.810

10/24/24

1,198,567‌

1,000,000

Bank

of

America

Corp

1

.843

02/04/25

958,770‌

1,000,000

Bank

of

America

Corp

3

.458

03/15/25

973,456‌

1,000,000

Bank

of

America

Corp

0

.976

04/22/25

937,554‌

500,000

Bank

of

America

Corp

3

.841

04/25/25

488,162‌

750,000

Bank

of

America

Corp

0

.981

09/25/25

690,282‌

1,000,000

Bank

of

America

Corp

2

.456

10/22/25

944,857‌

2,500,000

Bank

of

America

Corp

1

.530

12/06/25

2,305,751‌

500,000

Bank

of

America

Corp

3

.384

04/02/26

477,519‌

500,000

Bank

of

America

Corp

1

.319

06/19/26

450,248‌

1,500,000

Bank

of

America

Corp

4

.827

07/22/26

1,482,472‌

1,250,000

Bank

of

America

Corp

1

.197

10/24/26

1,111,287‌

1,000,000

Bank

of

Montreal

0

.625

07/09/24

934,540‌

750,000

Bank

of

Montreal

4

.250

09/14/24

740,009‌

500,000

Bank

of

Montreal

1

.500

01/10/25

466,375‌

250,000

Bank

of

Montreal

3

.700

06/07/25

242,589‌

1,000,000

Bank

of

Montreal

4

.338

10/05/28

979,877‌

1,000,000

Bank

of

New

York

Mellon

5

.224

11/21/25

1,002,628‌

500,000

Bank

of

Nova

Scotia

0

.700

04/15/24

472,516‌

1,000,000

Bank

of

Nova

Scotia

0

.650

07/31/24

932,265‌

500,000

Bank

of

Nova

Scotia

1

.450

01/10/25

465,012‌

750,000

Bank

of

Nova

Scotia

3

.450

04/11/25

721,753‌

200,000

i

Bank

of

Nova

Scotia

LIBOR

3

M

+

2.648%

6

.567

N/A‡

185,904‌

1,000,000

Barclays

plc

4

.375

09/11/24

976,804‌

500,000

Barclays

plc

1

.007

12/10/24

475,953‌

750,000

Barclays

plc

3

.650

03/16/25

720,995‌

200,000

Barclays

plc

2

.852

05/07/26

185,845‌

750,000

Barclays

plc

5

.304

08/09/26

744,393‌

500,000

Barclays

plc

7

.325

11/02/26

517,898‌

1,000,000

BBVA

USA

3

.875

04/10/25

972,555‌

750,000

Canadian

Imperial

Bank

of

Commerce

1

.000

10/18/24

699,459‌

1,000,000

Canadian

Imperial

Bank

of

Commerce

3

.300

04/07/25

959,591‌

1,000,000

Citigroup,

Inc

4

.000

08/05/24

982,086‌

1,000,000

Citigroup,

Inc

0

.981

05/01/25

936,441‌

1,000,000

Citigroup,

Inc

4

.140

05/24/25

980,638‌

600,000

Citigroup,

Inc

1

.281

11/03/25

552,862‌

1,500,000

Citigroup,

Inc

2

.014

01/25/26

1,390,150‌

750,000

Citigroup,

Inc

3

.290

03/17/26

712,914‌

600,000

Citigroup,

Inc

3

.106

04/08/26

567,950‌

1,000,000

Citigroup,

Inc

5

.610

09/29/26

1,004,277‌

250,000

Citizens

Bank

NA

4

.119

05/23/25

244,630‌

500,000

Citizens

Bank

NA

6

.064

10/24/25

505,629‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

303

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

300,000

Cooperatieve

Rabobank

UA

3

.875

%

08/22/24

$

294,649‌

1,000,000

Cooperatieve

Rabobank

UA

1

.375

01/10/25

933,466‌

300,000

Discover

Bank

2

.450

09/12/24

283,767‌

250,000

Discover

Bank

4

.682

08/09/28

239,945‌

1,000,000

Fifth

Third

Bancorp

3

.650

01/25/24

984,878‌

500,000

Fifth

Third

Bank

NA

5

.852

10/27/25

505,050‌

250,000

First

Republic

Bank

1

.912

02/12/24

248,984‌

750,000

FNB

Corp

5

.150

08/25/25

741,068‌

500,000

HSBC

Holdings

plc

4

.250

03/14/24

491,125‌

800,000

HSBC

Holdings

plc

3

.950

05/18/24

793,665‌

800,000

HSBC

Holdings

plc

0

.732

08/17/24

770,893‌

1,000,000

HSBC

Holdings

plc

1

.162

11/22/24

952,461‌

650,000

HSBC

Holdings

plc

0

.976

05/24/25

601,823‌

250,000

HSBC

Holdings

plc

4

.180

12/09/25

242,795‌

1,000,000

HSBC

Holdings

plc

2

.999

03/10/26

939,875‌

500,000

HSBC

Holdings

plc

1

.645

04/18/26

451,306‌

750,000

HSBC

Holdings

plc

2

.099

06/04/26

682,497‌

500,000

HSBC

Holdings

plc

7

.336

11/03/26

520,036‌

750,000

HSBC

USA,

Inc

3

.750

05/24/24

735,345‌

1,000,000

Huntington

National

Bank

4

.008

05/16/25

978,241‌

500,000

Huntington

National

Bank

5

.699

11/18/25

500,993‌

400,000

ING

Groep

NV

4

.100

10/02/23

396,757‌

500,000

ING

Groep

NV

3

.869

03/28/26

481,133‌

1,000,000

JPMorgan

Chase

&

Co

3

.559

04/23/24

993,413‌

700,000

JPMorgan

Chase

&

Co

3

.797

07/23/24

693,045‌

750,000

JPMorgan

Chase

&

Co

3

.875

09/10/24

734,152‌

500,000

JPMorgan

Chase

&

Co

0

.653

09/16/24

482,174‌

750,000

JPMorgan

Chase

&

Co

4

.023

12/05/24

738,812‌

300,000

JPMorgan

Chase

&

Co

0

.563

02/16/25

282,924‌

1,000,000

JPMorgan

Chase

&

Co

0

.824

06/01/25

932,149‌

250,000

JPMorgan

Chase

&

Co

3

.845

06/14/25

244,430‌

1,000,000

JPMorgan

Chase

&

Co

0

.969

06/23/25

932,169‌

500,000

JPMorgan

Chase

&

Co

0

.768

08/09/25

461,473‌

500,000

JPMorgan

Chase

&

Co

2

.301

10/15/25

471,176‌

1,500,000

JPMorgan

Chase

&

Co

1

.561

12/10/25

1,388,740‌

1,000,000

JPMorgan

Chase

&

Co

5

.546

12/15/25

1,000,018‌

1,000,000

JPMorgan

Chase

&

Co

2

.595

02/24/26

940,160‌

750,000

JPMorgan

Chase

&

Co

2

.083

04/22/26

696,222‌

1,000,000

JPMorgan

Chase

&

Co

4

.080

04/26/26

970,922‌

1,000,000

JPMorgan

Chase

&

Co

1

.045

11/19/26

882,036‌

750,000

KeyBank

NA

4

.150

08/08/25

732,737‌

250,000

KeyCorp

3

.878

05/23/25

244,616‌

1,000,000

Lloyds

Banking

Group

plc

3

.511

03/18/26

950,033‌

1,000,000

Lloyds

Banking

Group

plc

4

.716

08/11/26

978,434‌

500,000

Manufacturers

&

Traders

Trust

Co

5

.400

11/21/25

502,622‌

600,000

Mitsubishi

UFJ

Financial

Group,

Inc

2

.193

02/25/25

561,537‌

300,000

Mitsubishi

UFJ

Financial

Group,

Inc

1

.412

07/17/25

272,427‌

1,500,000

Mitsubishi

UFJ

Financial

Group,

Inc

0

.953

07/19/25

1,393,750‌

750,000

Mitsubishi

UFJ

Financial

Group,

Inc

5

.063

09/12/25

744,652‌

750,000

e

Mitsubishi

UFJ

Financial

Group,

Inc

3

.837

04/17/26

722,330‌

1,000,000

Mizuho

Financial

Group,

Inc

2

.651

05/22/26

927,628‌

500,000

National

Australia

Bank

Ltd

5

.132

11/22/24

502,012‌

1,000,000

e

National

Australia

Bank

Ltd

3

.500

06/09/25

969,441‌

500,000

National

Bank

of

Canada

3

.750

06/09/25

485,903‌

1,000,000

NatWest

Group

plc

7

.472

11/10/26

1,040,600‌

500,000

PNC

Financial

Services

Group,

Inc

3

.500

01/23/24

492,586‌

500,000

PNC

Financial

Services

Group,

Inc

5

.671

10/28/25

505,318‌

500,000

Royal

Bank

of

Canada

3

.970

07/26/24

492,727‌

500,000

Royal

Bank

of

Canada

0

.750

10/07/24

464,900‌

1,000,000

Royal

Bank

of

Canada

5

.660

10/25/24

1,011,448‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

304

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

BANKS—continued

$

1,000,000

Royal

Bank

of

Canada

1

.600

%

01/21/25

$

933,874‌

1,000,000

Royal

Bank

of

Canada

3

.375

04/14/25

966,323‌

500,000

Royal

Bank

of

Scotland

Group

plc

4

.269

03/22/25

488,939‌

500,000

Santander

Holdings

USA,

Inc

3

.450

06/02/25

476,445‌

250,000

Santander

Holdings

USA,

Inc

4

.260

06/09/25

242,676‌

425,000

Santander

Holdings

USA,

Inc

5

.807

09/09/26

421,794‌

150,000

Santander

Holdings

USA,

Inc

3

.244

10/05/26

139,210‌

1,000,000

Santander

UK

Group

Holdings

plc

1

.089

03/15/25

934,315‌

500,000

State

Street

Corp

5

.751

11/04/26

511,810‌

1,000,000

Sumitomo

Mitsui

Financial

Group,

Inc

0

.508

01/12/24

951,981‌

300,000

Sumitomo

Mitsui

Financial

Group,

Inc

2

.696

07/16/24

287,698‌

500,000

Sumitomo

Mitsui

Financial

Group,

Inc

2

.448

09/27/24

475,275‌

750,000

Sumitomo

Mitsui

Financial

Group,

Inc

1

.474

07/08/25

683,376‌

500,000

Synchrony

Bank

5

.400

08/22/25

490,726‌

500,000

Synovus

Financial

Corp

5

.200

08/11/25

493,253‌

1,000,000

Toronto-Dominion

Bank

0

.700

09/10/24

930,642‌

500,000

Toronto-Dominion

Bank

4

.285

09/13/24

494,138‌

500,000

Toronto-Dominion

Bank

1

.250

12/13/24

465,235‌

500,000

Toronto-Dominion

Bank

1

.450

01/10/25

465,592‌

750,000

Toronto-Dominion

Bank

3

.766

06/06/25

727,838‌

1,000,000

Truist

Bank

2

.636

09/17/29

935,187‌

750,000

Truist

Financial

Corp

3

.750

12/06/23

742,021‌

1,250,000

Truist

Financial

Corp

4

.260

07/28/26

1,228,195‌

750,000

Truist

Financial

Corp

5

.900

10/28/26

766,726‌

1,000,000

US

Bancorp

2

.400

07/30/24

961,341‌

500,000

US

Bancorp

1

.450

05/12/25

463,606‌

1,000,000

US

Bancorp

5

.727

10/21/26

1,018,509‌

1,250,000

Wells

Fargo

&

Co

4

.480

01/16/24

1,240,463‌

1,000,000

Wells

Fargo

&

Co

0

.805

05/19/25

937,152‌

500,000

Wells

Fargo

&

Co

2

.406

10/30/25

472,838‌

1,500,000

Wells

Fargo

&

Co

2

.164

02/11/26

1,398,350‌

1,000,000

Wells

Fargo

&

Co

3

.908

04/25/26

971,907‌

1,000,000

Wells

Fargo

&

Co

2

.188

04/30/26

930,658‌

1,150,000

Wells

Fargo

&

Co

4

.540

08/15/26

1,126,953‌

500,000

Westpac

Banking

Corp

5

.350

10/18/24

504,372‌

1,000,000

Westpac

Banking

Corp

1

.019

11/18/24

930,442‌

750,000

Westpac

Banking

Corp

3

.735

08/26/25

730,444‌

TOTAL

BANKS

105,241,125‌

CAPITAL

GOODS

-

1

.3

%

500,000

3M

Co

2

.650

04/15/25

477,678‌

750,000

Air

Lease

Corp

0

.700

02/15/24

708,446‌

1,000,000

Air

Lease

Corp

0

.800

08/18/24

920,819‌

500,000

Boeing

Co

1

.950

02/01/24

481,678‌

1,250,000

Boeing

Co

1

.433

02/04/24

1,197,884‌

500,000

Boeing

Co

4

.875

05/01/25

496,171‌

300,000

Boeing

Co

2

.600

10/30/25

278,769‌

1,000,000

Caterpillar

Financial

Services

Corp

0

.450

05/17/24

941,997‌

750,000

Caterpillar

Financial

Services

Corp

0

.600

09/13/24

699,624‌

500,000

Caterpillar

Financial

Services

Corp

4

.900

01/17/25

501,320‌

1,000,000

Caterpillar

Financial

Services

Corp

3

.400

05/13/25

971,530‌

500,000

Caterpillar

Financial

Services

Corp

3

.650

08/12/25

487,781‌

750,000

CNH

Industrial

Capital

LLC

3

.950

05/23/25

727,520‌

500,000

CNH

Industrial

Capital

LLC

5

.450

10/14/25

501,096‌

300,000

Fortune

Brands

Home

&

Security,

Inc

4

.000

06/15/25

291,925‌

500,000

Honeywell

International,

Inc

4

.850

11/01/24

501,577‌

500,000

Honeywell

International,

Inc

1

.350

06/01/25

462,220‌

1,000,000

John

Deere

Capital

Corp

0

.450

06/07/24

939,827‌

500,000

John

Deere

Capital

Corp

0

.625

09/10/24

466,581‌

500,000

John

Deere

Capital

Corp

4

.550

10/11/24

499,934‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

305

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

CAPITAL

GOODS—continued

$

500,000

John

Deere

Capital

Corp

1

.250

%

01/10/25

$

467,665‌

750,000

John

Deere

Capital

Corp

2

.125

03/07/25

709,658‌

500,000

John

Deere

Capital

Corp

3

.400

06/06/25

485,059‌

750,000

John

Deere

Capital

Corp

4

.050

09/08/25

738,142‌

500,000

Lockheed

Martin

Corp

4

.950

10/15/25

503,613‌

300,000

Otis

Worldwide

Corp

2

.056

04/05/25

280,687‌

250,000

Parker-Hannifin

Corp

3

.650

06/15/24

244,613‌

750,000

Quanta

Services,

Inc

0

.950

10/01/24

690,689‌

1,000,000

Stanley

Black

&

Decker,

Inc

2

.300

02/24/25

946,021‌

500,000

United

Technologies

Corp

3

.950

08/16/25

488,470‌

200,000

Wabtec

Corp

4

.400

03/15/24

196,741‌

200,000

Westinghouse

Air

Brake

Technologies

Corp

3

.200

06/15/25

188,290‌

TOTAL

CAPITAL

GOODS

18,494,025‌

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

0

.1

%

500,000

eBay,

Inc

5

.900

11/22/25

510,560‌

100,000

Leidos,

Inc

2

.950

05/15/23

99,202‌

200,000

Leidos,

Inc

3

.625

05/15/25

192,053‌

300,000

Republic

Services,

Inc

2

.500

08/15/24

287,486‌

300,000

Verisk

Analytics,

Inc

4

.000

06/15/25

291,592‌

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

1,380,893‌

CONSUMER

DURABLES

&

APPAREL

-

0

.1

%

250,000

Brunswick

Corp

0

.850

08/18/24

230,973‌

500,000

Lennar

Corp

4

.875

12/15/23

497,620‌

200,000

PVH

Corp

4

.625

07/10/25

193,122‌

300,000

VF

Corp

2

.400

04/23/25

281,609‌

200,000

Whirlpool

Corp

3

.700

05/01/25

194,521‌

TOTAL

CONSUMER

DURABLES

&

APPAREL

1,397,845‌

CONSUMER

SERVICES

-

0

.2

%

1,250,000

Cintas

Corp

No

2

3

.450

05/01/25

1,209,404‌

500,000

CommonSpirit

Health

2

.760

10/01/24

479,396‌

100,000

Hyatt

Hotels

Corp

1

.300

10/01/23

97,205‌

250,000

Hyatt

Hotels

Corp

1

.800

10/01/24

234,253‌

500,000

Marriott

International,

Inc

3

.600

04/15/24

489,986‌

500,000

McDonald's

Corp

3

.300

07/01/25

483,649‌

TOTAL

CONSUMER

SERVICES

2,993,893‌

DIVERSIFIED

FINANCIALS

-

4

.4

%

250,000

AerCap

Ireland

Capital

DAC

4

.500

09/15/23

248,358‌

1,000,000

AerCap

Ireland

Capital

DAC

1

.150

10/29/23

962,185‌

500,000

AerCap

Ireland

Capital

DAC

3

.150

02/15/24

483,329‌

300,000

AerCap

Ireland

Capital

DAC

2

.875

08/14/24

284,035‌

500,000

AerCap

Ireland

Capital

DAC

1

.650

10/29/24

461,200‌

500,000

AerCap

Ireland

Capital

DAC

1

.750

10/29/24

459,778‌

300,000

AerCap

Ireland

Capital

DAC

6

.500

07/15/25

303,983‌

800,000

Ally

Financial,

Inc

1

.450

10/02/23

775,528‌

550,000

American

Express

Co

3

.375

05/03/24

538,801‌

1,500,000

American

Express

Co

2

.250

03/04/25

1,415,808‌

750,000

American

Express

Co

3

.950

08/01/25

734,729‌

750,000

American

Honda

Finance

Corp

0

.550

07/12/24

700,267‌

1,000,000

American

Honda

Finance

Corp

0

.750

08/09/24

934,862‌

500,000

American

Honda

Finance

Corp

1

.500

01/13/25

467,797‌

300,000

Ares

Capital

Corp

3

.500

02/10/23

299,350‌

600,000

Ares

Capital

Corp

3

.250

07/15/25

552,102‌

1,000,000

Australia

&

New

Zealand

Banking

Group

Ltd

5

.088

12/08/25

1,004,013‌

500,000

Bank

of

,NV

Scotia

5

.250

12/06/24

500,923‌

750,000

Bank

of

New

York

Mellon

Corp

0

.850

10/25/24

698,495‌

500,000

Bank

of

New

York

Mellon

Corp

3

.350

04/25/25

484,028‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

306

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

550,000

Bank

of

New

York

Mellon

Corp

4

.414

%

07/24/26

$

541,615‌

250,000

Blackstone

Secured

Lending

Fund

3

.650

07/14/23

247,666‌

750,000

Capital

One

Financial

Corp

3

.300

10/30/24

723,862‌

500,000

Capital

One

Financial

Corp

4

.166

05/09/25

488,397‌

1,000,000

Capital

One

Financial

Corp

2

.636

03/03/26

936,646‌

500,000

Capital

One

Financial

Corp

4

.985

07/24/26

489,705‌

200,000

Celanese

US

Holdings

LLC

3

.500

05/08/24

193,206‌

500,000

Celanese

US

Holdings

LLC

5

.900

07/05/24

499,839‌

1,000,000

Charles

Schwab

Corp

0

.750

03/18/24

950,367‌

750,000

Credit

Suisse

AG.

0

.495

02/02/24

693,566‌

1,000,000

Credit

Suisse

AG.

4

.750

08/09/24

954,842‌

500,000

Credit

Suisse

AG.

3

.700

02/21/25

461,046‌

750,000

Credit

Suisse

AG.

2

.950

04/09/25

675,003‌

1,000,000

Credit

Suisse

Group

Funding

Guernsey

Ltd

3

.750

03/26/25

900,040‌

300,000

Deutsche

Bank

AG.

2

.222

09/18/24

289,747‌

1,000,000

Deutsche

Bank

AG.

1

.447

04/01/25

928,751‌

500,000

Deutsche

Bank

AG.

4

.162

05/13/25

489,486‌

750,000

Deutsche

Bank

AG.

6

.119

07/14/26

744,982‌

200,000

Franklin

Resources,

Inc

2

.850

03/30/25

190,481‌

500,000

FS

KKR

Capital

Corp

1

.650

10/12/24

451,322‌

1,000,000

General

Motors

Financial

Co,

Inc

1

.050

03/08/24

949,603‌

400,000

General

Motors

Financial

Co,

Inc

1

.200

10/15/24

370,307‌

1,000,000

General

Motors

Financial

Co,

Inc

2

.900

02/26/25

947,155‌

750,000

General

Motors

Financial

Co,

Inc

3

.800

04/07/25

723,971‌

1,000,000

General

Motors

Financial

Co,

Inc

6

.050

10/10/25

1,017,143‌

750,000

Goldman

Sachs

Group,

Inc

3

.000

03/15/24

731,344‌

1,000,000

Goldman

Sachs

Group,

Inc

0

.657

09/10/24

962,036‌

500,000

Goldman

Sachs

Group,

Inc

0

.925

10/21/24

479,000‌

350,000

Goldman

Sachs

Group,

Inc

5

.700

11/01/24

354,166‌

1,000,000

Goldman

Sachs

Group,

Inc

1

.757

01/24/25

957,153‌

1,500,000

Goldman

Sachs

Group,

Inc

3

.500

04/01/25

1,442,464‌

500,000

Goldman

Sachs

Group,

Inc

3

.750

05/22/25

483,578‌

1,000,000

Goldman

Sachs

Group,

Inc

3

.272

09/29/25

963,628‌

750,000

Goldman

Sachs

Group,

Inc

1

.093

12/09/26

661,145‌

1,500,000

Intercontinental

Exchange,

Inc

3

.650

05/23/25

1,464,207‌

750,000

J

Paul

Getty

Trust

0

.391

01/01/24

717,622‌

1,500,000

Morgan

Stanley

0

.791

01/22/25

1,419,074‌

750,000

Morgan

Stanley

3

.620

04/17/25

731,852‌

1,000,000

Morgan

Stanley

0

.790

05/30/25

929,694‌

2,250,000

Morgan

Stanley

1

.164

10/21/25

2,071,151‌

1,000,000

Morgan

Stanley

2

.630

02/18/26

938,988‌

1,000,000

Morgan

Stanley

2

.188

04/28/26

929,265‌

1,000,000

Morgan

Stanley

4

.679

07/17/26

982,855‌

1,250,000

Morgan

Stanley

6

.138

10/16/26

1,276,669‌

500,000

National

Rural

Utilities

Cooperative

Finance

Corp

1

.000

10/18/24

462,521‌

500,000

National

Rural

Utilities

Cooperative

Finance

Corp

1

.875

02/07/25

468,887‌

500,000

National

Rural

Utilities

Cooperative

Finance

Corp

3

.450

06/15/25

482,300‌

250,000

National

Rural

Utilities

Cooperative

Finance

Corp

5

.450

10/30/25

252,986‌

750,000

Nomura

Holdings,

Inc

5

.099

07/03/25

741,745‌

300,000

Nomura

Holdings,

Inc

1

.851

07/16/25

273,437‌

750,000

Oesterreichische

Kontrollbank

AG.

0

.500

09/16/24

698,783‌

1,000,000

Oesterreichische

Kontrollbank

AG.

2

.875

05/23/25

963,726‌

1,000,000

Oesterreichische

Kontrollbank

AG.

4

.625

11/03/25

1,004,350‌

500,000

Owl

Rock

Capital

Corp

3

.750

07/22/25

461,955‌

500,000

OWL

Rock

Core

Income

Corp

5

.500

03/21/25

484,702‌

250,000

PACCAR

Financial

Corp

3

.150

06/13/24

244,106‌

300,000

PACCAR

Financial

Corp

0

.500

08/09/24

279,377‌

750,000

PACCAR

Financial

Corp

0

.900

11/08/24

698,747‌

300,000

PACCAR

Financial

Corp

2

.850

04/07/25

287,755‌

500,000

PACCAR

Financial

Corp

3

.550

08/11/25

484,577‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

307

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

DIVERSIFIED

FINANCIALS—continued

$

300,000

PACCAR

Financial

Corp

4

.950

%

10/03/25

$

301,330‌

160,000

Shire

Acquisitions

Investments

Ireland

DAC

2

.875

09/23/23

157,238‌

1,500,000

State

Street

Corp

1

.746

02/06/26

1,395,934‌

500,000

Synchrony

Financial

4

.375

03/19/24

490,998‌

500,000

Synchrony

Financial

4

.875

06/13/25

487,180‌

1,000,000

Toyota

Motor

Credit

Corp

0

.500

06/18/24

938,135‌

750,000

Toyota

Motor

Credit

Corp

0

.625

09/13/24

697,944‌

750,000

Toyota

Motor

Credit

Corp

4

.400

09/20/24

742,925‌

500,000

Toyota

Motor

Credit

Corp

1

.450

01/13/25

468,147‌

1,250,000

Toyota

Motor

Credit

Corp

3

.950

06/30/25

1,223,698‌

300,000

Toyota

Motor

Credit

Corp

3

.650

08/18/25

291,487‌

500,000

Toyota

Motor

Credit

Corp

5

.400

11/10/25

507,690‌

1,000,000

Unilever

Capital

Corp

3

.100

07/30/25

959,771‌

TOTAL

DIVERSIFIED

FINANCIALS

63,616,641‌

ENERGY

-

1

.2

%

1,000,000

Baker

Hughes

Holdings

LLC

1

.231

12/15/23

965,840‌

200,000

Canadian

Natural

Resources

Ltd

3

.800

04/15/24

195,990‌

1,000,000

Chevron

Corp

3

.326

11/17/25

966,174‌

750,000

e

ConocoPhillips

Co

2

.125

03/08/24

724,656‌

750,000

ConocoPhillips

Co

2

.400

03/07/25

712,824‌

200,000

Enable

Midstream

Partners

LP

3

.900

05/15/24

194,784‌

725,000

Enbridge,

Inc

2

.500

02/14/25

683,950‌

200,000

Energy

Transfer

Operating

LP

4

.200

09/15/23

198,745‌

500,000

Energy

Transfer

Operating

LP

5

.875

01/15/24

501,258‌

200,000

Energy

Transfer

Operating

LP

4

.500

04/15/24

197,153‌

500,000

Energy

Transfer

Operating

LP

2

.900

05/15/25

470,872‌

500,000

EQT

Corp

6

.125

02/01/25

501,175‌

750,000

EQT

Corp

5

.678

10/01/25

746,355‌

1,000,000

Equinor

ASA

3

.700

03/01/24

985,608‌

600,000

Exxon

Mobil

Corp

2

.709

03/06/25

573,728‌

750,000

Kinder

Morgan

Energy

Partners

LP

4

.250

09/01/24

737,188‌

300,000

Kinder

Morgan,

Inc

4

.300

06/01/25

294,206‌

1,000,000

Marathon

Petroleum

Corp

4

.700

05/01/25

984,710‌

750,000

MPLX

LP

4

.000

02/15/25

726,859‌

500,000

ONEOK,

Inc

2

.750

09/01/24

478,667‌

325,000

Phillips

66

0

.900

02/15/24

310,608‌

300,000

Plains

All

American

Pipeline

LP

3

.850

10/15/23

295,782‌

400,000

Plains

All

American

Pipeline

LP

4

.650

10/15/25

391,409‌

500,000

Sabine

Pass

Liquefaction

LLC

5

.750

05/15/24

500,121‌

750,000

Sabine

Pass

Liquefaction

LLC

5

.625

03/01/25

751,059‌

1,000,000

Shell

International

Finance

BV

3

.250

05/11/25

968,978‌

500,000

Spectra

Energy

Partners

LP

4

.750

03/15/24

496,619‌

500,000

Total

Capital

International

S.A.

3

.700

01/15/24

493,301‌

750,000

TransCanada

PipeLines

Ltd

1

.000

10/12/24

694,144‌

750,000

Williams

Cos,

Inc

4

.550

06/24/24

741,792‌

TOTAL

ENERGY

17,484,555‌

FOOD

&

STAPLES

RETAILING

-

0

.0

%

750,000

Walmart,

Inc

3

.900

09/09/25

738,591‌

TOTAL

FOOD

&

STAPLES

RETAILING

738,591‌

FOOD,

BEVERAGE

&

TOBACCO

-

0

.8

%

600,000

Altria

Group,

Inc

2

.350

05/06/25

565,147‌

600,000

BAT

Capital

Corp

3

.222

08/15/24

577,732‌

500,000

BAT

Capital

Corp

2

.789

09/06/24

478,443‌

250,000

ConAgra

Brands,

Inc

0

.500

08/11/23

242,900‌

1,000,000

Constellation

Brands,

Inc

3

.600

05/09/24

980,256‌

500,000

Constellation

Brands,

Inc

4

.750

11/15/24

496,212‌

500,000

Diageo

Capital

plc

2

.125

10/24/24

474,288‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

308

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOOD,

BEVERAGE

&

TOBACCO—continued

$

500,000

Diageo

Capital

plc

5

.200

%

10/24/25

$

506,362‌

300,000

General

Mills,

Inc

4

.000

04/17/25

292,984‌

200,000

General

Mills,

Inc

5

.241

11/18/25

200,498‌

1,000,000

Hormel

Foods

Corp

0

.650

06/03/24

941,687‌

300,000

JM

Smucker

Co

3

.500

03/15/25

290,238‌

1,000,000

Keurig

Dr

Pepper,

Inc

0

.750

03/15/24

949,258‌

700,000

Mondelez

International,

Inc

2

.125

03/17/24

675,043‌

1,000,000

PepsiCo,

Inc

2

.750

04/30/25

956,190‌

500,000

Philip

Morris

International,

Inc

5

.125

11/15/24

500,661‌

750,000

Philip

Morris

International,

Inc

1

.500

05/01/25

694,274‌

500,000

Philip

Morris

International,

Inc

5

.000

11/17/25

502,246‌

200,000

Reynolds

American,

Inc

4

.850

09/15/23

199,562‌

500,000

Reynolds

American,

Inc

4

.450

06/12/25

489,129‌

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

11,013,110‌

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

0

.8

%

500,000

AmerisourceBergen

Corp

3

.400

05/15/24

487,702‌

750,000

Baxter

International,

Inc

0

.868

12/01/23

721,478‌

750,000

Baxter

International,

Inc

1

.322

11/29/24

698,223‌

300,000

Boston

Scientific

Corp

1

.900

06/01/25

280,015‌

200,000

Cigna

Corp

0

.613

03/15/24

189,775‌

400,000

Cigna

Corp

3

.250

04/15/25

385,194‌

1,000,000

Cigna

Corp

4

.125

11/15/25

977,033‌

500,000

CVS

Health

Corp

2

.625

08/15/24

480,305‌

300,000

CVS

Health

Corp

4

.100

03/25/25

295,607‌

750,000

CVS

Health

Corp

3

.875

07/20/25

731,870‌

1,000,000

Elevance

Health,

Inc

3

.500

08/15/24

975,418‌

500,000

Elevance

Health,

Inc

5

.350

10/15/25

505,534‌

1,000,000

HCA,

Inc

5

.000

03/15/24

994,255‌

500,000

Illumina,

Inc

5

.800

12/12/25

503,398‌

750,000

Laboratory

Corp

of

America

Holdings

3

.600

02/01/25

726,312‌

300,000

Quest

Diagnostics,

Inc

3

.500

03/30/25

289,054‌

500,000

Stryker

Corp

1

.150

06/15/25

457,458‌

1,500,000

UnitedHealth

Group,

Inc

0

.550

05/15/24

1,415,249‌

250,000

UnitedHealth

Group,

Inc

5

.000

10/15/24

251,061‌

500,000

UnitedHealth

Group,

Inc

5

.150

10/15/25

505,703‌

575,000

Zimmer

Biomet

Holdings,

Inc

1

.450

11/22/24

534,565‌

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

12,405,209‌

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0

.1

%

1,000,000

Colgate-Palmolive

Co

3

.100

08/15/25

967,365‌

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

967,365‌

INSURANCE

-

0

.4

%

200,000

Allstate

Corp

5

.750

08/15/53

188,000‌

467,000

American

International

Group,

Inc

2

.500

06/30/25

439,634‌

300,000

Brown

&

Brown,

Inc

4

.200

09/15/24

294,399‌

500,000

g

Corebridge

Financial,

Inc

3

.500

04/04/25

479,337‌

1,000,000

HCA

INC

5

.250

04/15/25

994,173‌

1,000,000

Jackson

Financial,

Inc

1

.125

11/22/23

962,853‌

500,000

Marsh

&

McLennan

Cos,

Inc

3

.500

03/10/25

485,316‌

1,000,000

MetLife,

Inc

3

.000

03/01/25

960,154‌

500,000

Prudential

Financial,

Inc

5

.625

06/15/43

491,250‌

TOTAL

INSURANCE

5,295,116‌

MATERIALS

-

0

.7

%

1,500,000

Amcor

Flexibles

North

America,

Inc

4

.000

05/17/25

1,460,160‌

750,000

Avery

Dennison

Corp

0

.850

08/15/24

699,771‌

325,000

Berry

Global,

Inc

0

.950

02/15/24

307,908‌

750,000

Celanese

US

Holdings

LLC

6

.050

03/15/25

747,082‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

309

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

MATERIALS—continued

$

200,000

Celulosa

Arauco

y

Constitucion

S.A.

4

.500

%

08/01/24

$

196,913‌

1,000,000

DowDuPont,

Inc

4

.493

11/15/25

983,352‌

1,000,000

Ecolab,

Inc

0

.900

12/15/23

962,299‌

200,000

EI

du

Pont

de

Nemours

and

Co

1

.700

07/15/25

184,720‌

1,000,000

Linde,

Inc

4

.700

12/05/25

1,000,738‌

285,000

LyondellBasell

Industries

NV

5

.750

04/15/24

285,759‌

250,000

Nucor

Corp

3

.950

05/23/25

244,593‌

200,000

Nucor

Corp

2

.000

06/01/25

186,127‌

300,000

Nutrien

Ltd

1

.900

05/13/23

296,572‌

300,000

PPG

Industries,

Inc

2

.400

08/15/24

286,998‌

500,000

Sherwin-Williams

Co

4

.050

08/08/24

492,419‌

500,000

Sherwin-Williams

Co

4

.250

08/08/25

491,275‌

1,000,000

Sonoco

Products

Co

1

.800

02/01/25

929,246‌

200,000

Steel

Dynamics,

Inc

2

.400

06/15/25

187,536‌

200,000

Westlake

Chemical

Corp

0

.875

08/15/24

185,703‌

TOTAL

MATERIALS

10,129,171‌

MEDIA

&

ENTERTAINMENT

-

1

.0

%

750,000

AstraZeneca

Finance

LLC

0

.700

05/28/24

706,874‌

300,000

Baidu,

Inc

3

.875

09/29/23

296,311‌

500,000

Blackstone

Private

Credit

Fund

1

.750

09/15/24

459,649‌

750,000

Blackstone

Private

Credit

Fund

2

.350

11/22/24

686,430‌

500,000

Blackstone

Private

Credit

Fund

2

.700

01/15/25

461,945‌

500,000

Blackstone

Private

Credit

Fund

4

.700

03/24/25

479,295‌

350,000

g

Blackstone

Private

Credit

Fund

7

.050

09/29/25

347,225‌

750,000

Charter

Communications

Operating

LLC

4

.500

02/01/24

741,143‌

750,000

Charter

Communications

Operating

LLC

4

.908

07/23/25

735,076‌

1,000,000

Comcast

Corp

3

.700

04/15/24

984,757‌

1,000,000

Comcast

Corp

5

.250

11/07/25

1,013,102‌

750,000

Fox

Corp

4

.030

01/25/24

741,303‌

500,000

g

GE

Healthcare

Holding

LLC

5

.550

11/15/24

501,800‌

500,000

g

GE

Healthcare

Holding

LLC

5

.600

11/15/25

503,081‌

500,000

GSK

Consumer

Healthcare

Capital

US

LLC

3

.024

03/24/24

485,271‌

750,000

g

Magallanes,

Inc

3

.428

03/15/24

728,076‌

525,000

g

Magallanes,

Inc

3

.638

03/15/25

499,255‌

500,000

g

Magallanes,

Inc

3

.788

03/15/25

477,574‌

200,000

e

Paramount

Global

4

.750

05/15/25

196,895‌

750,000

Take-Two

Interactive

Software,

Inc

3

.300

03/28/24

732,461‌

750,000

Take-Two

Interactive

Software,

Inc

3

.550

04/14/25

721,769‌

200,000

Time

Warner

Entertainment

Co

LP

8

.375

03/15/23

201,249‌

500,000

Walt

Disney

Co

1

.750

08/30/24

476,691‌

1,000,000

Walt

Disney

Co

3

.150

09/17/25

958,097‌

TOTAL

MEDIA

&

ENTERTAINMENT

14,135,329‌

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

0

.7

%

750,000

AbbVie,

Inc

3

.850

06/15/24

738,424‌

1,500,000

AbbVie,

Inc

3

.800

03/15/25

1,461,914‌

500,000

AbbVie,

Inc

3

.600

05/14/25

484,573‌

750,000

Amgen,

Inc

1

.900

02/21/25

703,631‌

500,000

Baxalta,

Inc

4

.000

06/23/25

486,960‌

500,000

Bristol-Myers

Squibb

Co

2

.900

07/26/24

485,368‌

750,000

Gilead

Sciences,

Inc

3

.700

04/01/24

737,344‌

500,000

Gilead

Sciences,

Inc

3

.500

02/01/25

484,125‌

1,000,000

Merck

&

Co,

Inc

2

.750

02/10/25

958,262‌

1,000,000

Novartis

Capital

Corp

3

.000

11/20/25

958,584‌

750,000

PerkinElmer,

Inc

0

.850

09/15/24

695,013‌

500,000

Pfizer,

Inc

3

.400

05/15/24

490,165‌

500,000

Royalty

Pharma

plc

0

.750

09/02/23

484,393‌

100,000

Takeda

Pharmaceutical

Co

Ltd

4

.400

11/26/23

99,197‌

750,000

Thermo

Fisher

Scientific,

Inc

1

.215

10/18/24

703,883‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

310

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES—continued

$

300,000

Viatris,

Inc

1

.650

%

06/22/25

$

271,708‌

500,000

Zoetis,

Inc

5

.400

11/14/25

509,989‌

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

10,753,533‌

REAL

ESTATE

-

0

.6

%

200,000

Alexandria

Real

Estate

Equities,

Inc

3

.450

04/30/25

193,417‌

750,000

American

Tower

Corp

0

.600

01/15/24

714,898‌

200,000

American

Tower

Corp

4

.000

06/01/25

194,864‌

500,000

American

Tower

Corp

1

.300

09/15/25

451,338‌

300,000

AvalonBay

Communities,

Inc

3

.450

06/01/25

288,894‌

500,000

Boston

Properties

LP

3

.200

01/15/25

478,232‌

500,000

Crown

Castle

International

Corp

3

.200

09/01/24

482,813‌

400,000

Equinix,

Inc

1

.250

07/15/25

361,686‌

200,000

ERP

Operating

LP

3

.375

06/01/25

192,119‌

750,000

Essex

Portfolio

LP

3

.500

04/01/25

723,236‌

500,000

GLP

Capital

LP

3

.350

09/01/24

479,170‌

200,000

Host

Hotels

&

Resorts

LP

4

.000

06/15/25

192,181‌

42,000

Omega

Healthcare

Investors,

Inc

4

.375

08/01/23

41,761‌

500,000

Omega

Healthcare

Investors,

Inc

4

.500

01/15/25

485,831‌

500,000

Realty

Income

Corp

3

.875

04/15/25

489,852‌

500,000

Simon

Property

Group

LP

2

.000

09/13/24

474,894‌

500,000

Simon

Property

Group

LP

3

.375

10/01/24

485,132‌

500,000

Ventas

Realty

LP

2

.650

01/15/25

473,072‌

1,500,000

VICI

Properties

LP

4

.375

05/15/25

1,454,742‌

600,000

Welltower,

Inc

4

.000

06/01/25

584,424‌

TOTAL

REAL

ESTATE

9,242,556‌

RETAILING

-

0

.6

%

700,000

Alibaba

Group

Holding

Ltd

3

.600

11/28/24

676,955‌

750,000

Amazon.com,

Inc

2

.730

04/13/24

730,693‌

1,000,000

Amazon.com,

Inc

0

.450

05/12/24

941,898‌

750,000

Amazon.com,

Inc

3

.000

04/13/25

723,713‌

1,000,000

Amazon.com,

Inc

4

.600

12/01/25

997,538‌

300,000

AutoZone,

Inc

3

.125

07/15/23

296,438‌

500,000

Chevron

USA,

Inc

3

.900

11/15/24

491,471‌

500,000

Dollar

General

Corp

4

.250

09/20/24

493,127‌

300,000

Dollar

Tree,

Inc

4

.000

05/15/25

292,880‌

225,000

Genuine

Parts

Co

1

.750

02/01/25

210,077‌

500,000

GSK

Consumer

Healthcare

Capital

UK

plc

3

.125

03/24/25

475,497‌

200,000

HF

Sinclair

Corp

2

.625

10/01/23

195,838‌

500,000

Home

Depot,

Inc

2

.700

04/15/25

479,157‌

1,000,000

Home

Depot,

Inc

4

.000

09/15/25

988,174‌

500,000

Lowe's

Cos,

Inc

3

.125

09/15/24

483,670‌

500,000

Lowe's

Cos,

Inc

3

.375

09/15/25

480,155‌

500,000

Target

Corp

2

.250

04/15/25

474,336‌

TOTAL

RETAILING

9,431,617‌

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

0

.5

%

250,000

Analog

Devices,

Inc

2

.950

04/01/25

240,448‌

500,000

Broadcom,

Inc

3

.625

10/15/24

486,818‌

800,000

e

Intel

Corp

3

.400

03/25/25

779,896‌

500,000

Intel

Corp

3

.700

07/29/25

487,665‌

200,000

Microchip

Technology,

Inc

4

.333

06/01/23

199,146‌

1,000,000

Microchip

Technology,

Inc

4

.250

09/01/25

970,742‌

1,000,000

NVIDIA

Corp

0

.584

06/14/24

943,542‌

500,000

NXP

BV

4

.875

03/01/24

496,173‌

750,000

g

Qorvo,

Inc

1

.750

12/15/24

690,712‌

1,000,000

Skyworks

Solutions,

Inc

0

.900

06/01/23

980,218‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

311

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT—continued

$

500,000

Texas

Instruments,

Inc

4

.700

%

11/18/24

$

501,535‌

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

6,776,895‌

SOFTWARE

&

SERVICES

-

1

.0

%

200,000

Autodesk,

Inc

4

.375

06/15/25

197,512‌

750,000

Fidelity

National

Information

Services,

Inc

0

.600

03/01/24

709,666‌

750,000

Fidelity

National

Information

Services,

Inc

4

.500

07/15/25

735,416‌

250,000

Fiserv,

Inc

3

.800

10/01/23

247,336‌

750,000

Fiserv,

Inc

2

.750

07/01/24

724,518‌

200,000

Fiserv,

Inc

3

.850

06/01/25

193,759‌

1,000,000

Global

Payments,

Inc

1

.500

11/15/24

928,287‌

1,500,000

International

Business

Machines

Corp

3

.000

05/15/24

1,458,792‌

600,000

International

Business

Machines

Corp

4

.000

07/27/25

590,263‌

1,000,000

Microsoft

Corp

3

.125

11/03/25

966,020‌

1,250,000

Oracle

Corp

3

.400

07/08/24

1,219,491‌

1,700,000

Oracle

Corp

2

.950

05/15/25

1,612,888‌

150,000

Oracle

Corp

5

.800

11/10/25

153,358‌

500,000

PayPal

Holdings,

Inc

1

.650

06/01/25

464,176‌

1,500,000

salesforce.com,

Inc

0

.625

07/15/24

1,407,025‌

1,000,000

TD

SYNNEX

Corp

1

.250

08/09/24

928,740‌

1,000,000

Visa,

Inc

3

.150

12/14/25

964,072‌

1,000,000

VMware,

Inc

0

.600

08/15/23

973,874‌

575,000

VMware,

Inc

1

.000

08/15/24

535,036‌

TOTAL

SOFTWARE

&

SERVICES

15,010,229‌

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

0

.5

%

2,000,000

Apple,

Inc

2

.500

02/09/25

1,912,105‌

1,000,000

Apple,

Inc

1

.125

05/11/25

920,651‌

1,000,000

Apple,

Inc

0

.550

08/20/25

901,943‌

500,000

Arrow

Electronics,

Inc

4

.000

04/01/25

482,571‌

400,000

Cisco

Systems,

Inc

3

.500

06/15/25

388,711‌

200,000

Dell

International

LLC

5

.850

07/15/25

202,126‌

200,000

Flex

Ltd

4

.750

06/15/25

196,417‌

500,000

Hewlett

Packard

Enterprise

Co

1

.450

04/01/24

477,165‌

500,000

Hewlett

Packard

Enterprise

Co

4

.900

10/15/25

495,099‌

300,000

HP,

Inc

2

.200

06/17/25

280,280‌

300,000

NetApp,

Inc

1

.875

06/22/25

275,541‌

500,000

QUALCOMM,

Inc

3

.450

05/20/25

486,702‌

500,000

Teledyne

Technologies,

Inc

0

.950

04/01/24

472,347‌

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

7,491,658‌

TELECOMMUNICATION

SERVICES

-

0

.4

%

1,000,000

AT&T,

Inc

0

.900

03/25/24

949,619‌

500,000

Bell

Canada

0

.750

03/17/24

473,915‌

500,000

British

Telecommunications

plc

4

.500

12/04/23

495,691‌

1,000,000

g

Rogers

Communications,

Inc

2

.950

03/15/25

952,816‌

1,000,000

T-Mobile

USA,

Inc

3

.500

04/15/25

961,705‌

1,000,000

Verizon

Communications,

Inc

3

.376

02/15/25

968,863‌

600,000

Vodafone

Group

plc

4

.125

05/30/25

590,446‌

TOTAL

TELECOMMUNICATION

SERVICES

5,393,055‌

TRANSPORTATION

-

0

.2

%

500,000

Burlington

Northern

Santa

Fe

LLC

3

.400

09/01/24

487,749‌

1,000,000

Canadian

Pacific

Railway

Co

1

.350

12/02/24

932,101‌

500,000

Ryder

System,

Inc

2

.500

09/01/24

475,598‌

500,000

Union

Pacific

Corp

3

.250

01/15/25

485,424‌

TOTAL

TRANSPORTATION

2,380,872‌

UTILITIES

-

1

.3

%

750,000

American

Electric

Power

Co,

Inc

0

.750

11/01/23

722,028‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

312

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

UTILITIES—continued

$

750,000

American

Electric

Power

Co,

Inc

2

.031

%

03/15/24

$

723,139‌

200,000

Baltimore

Gas

&

Electric

Co

3

.350

07/01/23

198,546‌

1,000,000

Berkshire

Hathaway

Energy

Co

4

.050

04/15/25

984,607‌

300,000

Black

Hills

Corp

1

.037

08/23/24

279,779‌

500,000

CenterPoint

Energy

Resources

Corp

0

.700

03/02/23

496,393‌

1,000,000

Dominion

Energy,

Inc

3

.900

10/01/25

973,864‌

750,000

DTE

Energy

Co

(Step

Bond)

4

.220

11/01/24

737,211‌

500,000

Duke

Energy

Corp

3

.750

04/15/24

491,083‌

750,000

Duke

Energy

Corp

5

.000

12/08/25

748,375‌

750,000

Edison

International

4

.700

08/15/25

733,840‌

1,000,000

Emera

US

Finance

LP

0

.833

06/15/24

933,171‌

500,000

Entergy

Louisiana

LLC

0

.950

10/01/24

465,420‌

500,000

Eversource

Energy

4

.200

06/27/24

494,205‌

200,000

National

Fuel

Gas

Co

5

.200

07/15/25

198,954‌

250,000

NextEra

Energy

Capital

Holdings,

Inc

4

.200

06/20/24

246,705‌

1,000,000

NextEra

Energy

Capital

Holdings,

Inc

4

.255

09/01/24

986,428‌

500,000

NextEra

Energy

Capital

Holdings,

Inc

4

.450

06/20/25

493,812‌

300,000

Nutrien

Ltd

5

.950

11/07/25

306,100‌

338,000

ONE

Gas,

Inc

1

.100

03/11/24

324,096‌

200,000

Pacific

Gas

and

Electric

Co

4

.250

08/01/23

198,980‌

1,000,000

Pacific

Gas

and

Electric

Co

1

.700

11/15/23

967,820‌

500,000

Pacific

Gas

and

Electric

Co

3

.250

02/16/24

488,026‌

250,000

Pacific

Gas

and

Electric

Co

4

.950

06/08/25

246,141‌

750,000

Santander

UK

Group

Holdings

plc

6

.833

11/21/26

759,691‌

500,000

Sempra

Energy

3

.300

04/01/25

479,475‌

500,000

Southern

California

Edison

Co

1

.100

04/01/24

474,882‌

500,000

Southern

California

Edison

Co

0

.975

08/01/24

467,560‌

250,000

Southern

California

Edison

Co

4

.200

06/01/25

245,354‌

1,000,000

Southern

Co

2

.700

08/01/24

987,471‌

250,000

Tampa

Electric

Co

3

.875

07/12/24

245,071‌

500,000

WEC

Energy

Group,

Inc

0

.800

03/15/24

473,695‌

750,000

WEC

Energy

Group,

Inc

5

.000

09/27/25

749,809‌

300,000

Wisconsin

Public

Service

Corp

5

.350

11/10/25

303,311‌

TOTAL

UTILITIES

18,625,042‌

TOTAL

CORPORATE

BONDS

352,014,502‌

(Cost

$365,596,817)

GOVERNMENT

BONDS

-

75

.1

%

AGENCY

SECURITIES

-

3

.1

%

1,500,000

Federal

Farm

Credit

Bank

(FFCB)

0

.500

12/01/23

1,441,381‌

330,000

FFCB

0

.250

02/26/24

313,679‌

3,000,000

FFCB

2

.625

05/16/24

2,916,338‌

1,500,000

FFCB

3

.375

08/26/24

1,468,821‌

1,000,000

FFCB

4

.250

09/26/24

994,381‌

1,000,000

FFCB

0

.875

11/18/24

935,868‌

2,000,000

FFCB

4

.625

12/05/24

2,001,735‌

1,750,000

FFCB

1

.125

01/06/25

1,634,874‌

1,000,000

FFCB

1

.750

02/14/25

949,552‌

4,000,000

Federal

Home

Loan

Bank

(FHLB)

2

.125

02/28/24

3,867,116‌

3,000,000

FHLB

2

.750

06/28/24

2,917,509‌

310,000

FHLB

3

.000

07/08/24

302,087‌

1,000,000

FHLB

4

.500

10/03/24

998,840‌

2,000,000

FHLB

0

.750

12/13/24

1,860,461‌

2,000,000

FHLB

1

.000

12/20/24

1,867,165‌

1,000,000

e

FHLB

0

.500

04/14/25

919,062‌

200,000

FHLB

3

.125

06/13/25

194,322‌

2,500,000

Federal

Home

Loan

Mortgage

Corp

(FHLMC)

0

.375

04/20/23

2,468,661‌

945,000

e

FHLMC

0

.250

12/04/23

905,816‌

3,000,000

FHLMC

1

.500

02/12/25

2,826,840‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

313

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

AGENCY

SECURITIES—continued

$

4,000,000

FHLMC

0

.375

%

09/23/25

$

3,599,524‌

750,000

Federal

National

Mortgage

Association

(FNMA)

0

.250

07/10/23

732,412‌

2,000,000

FNMA

1

.625

01/07/25

1,889,271‌

4,500,000

FNMA

0

.625

04/22/25

4,134,346‌

2,500,000

FNMA

0

.500

11/07/25

2,248,134‌

500,000

Tennessee

Valley

Authority

(TVA)

0

.750

05/15/25

456,923‌

TOTAL

AGENCY

SECURITIES

44,845,118‌

FOREIGN

GOVERNMENT

BONDS

-

6

.0

%

750,000

African

Development

Bank

3

.375

07/07/25

730,995‌

1,750,000

Asian

Development

Bank

0

.250

07/14/23

1,708,993‌

500,000

Asian

Development

Bank

0

.250

10/06/23

483,022‌

1,000,000

Asian

Development

Bank

1

.625

03/15/24

962,527‌

1,500,000

Asian

Development

Bank

0

.375

06/11/24

1,409,061‌

1,500,000

Asian

Development

Bank

4

.125

09/27/24

1,485,622‌

2,220,000

Asian

Development

Bank

0

.625

10/08/24

2,070,619‌

1,500,000

Asian

Development

Bank

2

.875

05/06/25

1,447,980‌

1,000,000

Asian

Development

Bank

0

.375

09/03/25

898,823‌

1,300,000

e

Asian

Infrastructure

Investment

Bank

0

.500

10/30/24

1,204,444‌

1,000,000

Asian

Infrastructure

Investment

Bank

3

.375

06/29/25

970,597‌

1,870,000

Canada

Government

International

Bond

2

.875

04/28/25

1,808,537‌

675,000

Corp

Andina

de

Fomento

1

.250

10/26/24

626,852‌

1,000,000

Corp

Andina

de

Fomento

5

.250

11/21/25

995,300‌

1,500,000

Council

Of

Europe

Development

Bank

3

.000

06/16/25

1,449,027‌

2,000,000

European

Bank

for

Reconstruction

&

Development

0

.500

05/19/25

1,824,280‌

1,500,000

European

Investment

Bank

3

.250

01/29/24

1,475,238‌

2,000,000

European

Investment

Bank

0

.375

07/24/24

1,873,028‌

1,000,000

e

European

Investment

Bank

2

.500

10/15/24

964,983‌

2,250,000

European

Investment

Bank

0

.625

07/25/25

2,047,407‌

1,500,000

European

Investment

Bank

2

.750

08/15/25

1,441,039‌

1,750,000

Export

Development

Canada

3

.375

08/26/25

1,703,703‌

1,000,000

Export-Import

Bank

of

Korea

0

.375

02/09/24

951,639‌

750,000

Export-Import

Bank

of

Korea

0

.625

06/29/24

703,355‌

500,000

Export-Import

Bank

of

Korea

4

.000

09/15/24

492,310‌

500,000

Export-Import

Bank

of

Korea

1

.250

01/18/25

459,051‌

500,000

FMS

Wertmanagement

AoeR

2

.750

01/30/24

489,375‌

300,000

Indonesia

Government

International

Bond

2

.950

01/11/23

294,322‌

100,000

Inter-American

Development

Bank

2

.500

01/18/23

99,926‌

1,000,000

Inter-American

Development

Bank

2

.625

01/16/24

977,064‌

500,000

Inter-American

Development

Bank

3

.250

07/01/24

489,044‌

1,500,000

Inter-American

Development

Bank

0

.500

09/23/24

1,397,351‌

2,000,000

Inter-American

Development

Bank

2

.125

01/15/25

1,908,313‌

1,000,000

Inter-American

Investment

Corp

2

.625

04/22/25

957,635‌

1,000,000

International

Bank

for

Reconstruction

&

Development

1

.875

06/19/23

986,984‌

500,000

International

Bank

for

Reconstruction

&

Development

2

.250

03/28/24

484,780‌

1,500,000

International

Bank

for

Reconstruction

&

Development

1

.500

08/28/24

1,424,593‌

2,000,000

International

Bank

for

Reconstruction

&

Development

2

.500

11/25/24

1,924,317‌

1,500,000

International

Bank

for

Reconstruction

&

Development

0

.750

03/11/25

1,385,595‌

1,500,000

International

Bank

for

Reconstruction

&

Development

0

.625

04/22/25

1,376,025‌

1,500,000

International

Bank

for

Reconstruction

&

Development

2

.500

07/29/25

1,431,696‌

500,000

International

Finance

Corp

2

.875

07/31/23

494,405‌

750,000

International

Finance

Corp

3

.625

09/15/25

735,713‌

500,000

Israel

Government

International

Bond

3

.150

06/30/23

493,597‌

450,000

Japan

Bank

for

International

Cooperation

1

.750

01/23/23

449,302‌

500,000

Japan

Bank

for

International

Cooperation

3

.250

07/20/23

494,696‌

700,000

Japan

Bank

for

International

Cooperation

3

.375

10/31/23

689,899‌

1,050,000

Japan

Bank

for

International

Cooperation

0

.500

04/15/24

990,978‌

1,000,000

Japan

Bank

for

International

Cooperation

1

.750

10/17/24

945,924‌

400,000

Japan

Bank

for

International

Cooperation

2

.875

04/14/25

383,821‌

1,000,000

Japan

Bank

for

International

Cooperation

3

.875

09/16/25

977,370‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

314

December

31,

2022

TIAA-CREF

Funds

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

FOREIGN

GOVERNMENT

BONDS—continued

$

550,000

Korea

Development

Bank

0

.500

%

10/27/23

$

531,222‌

500,000

Korea

Development

Bank

0

.400

03/09/24

473,807‌

500,000

Korea

Development

Bank

0

.400

06/19/24

467,725‌

1,000,000

Korea

Development

Bank

2

.000

02/24/25

939,244‌

750,000

Korea

Development

Bank

4

.000

09/08/25

727,741‌

500,000

Korea

Government

International

Bond

3

.875

09/11/23

496,878‌

1,400,000

Kreditanstalt

fuer

Wiederaufbau

0

.250

03/08/24

1,326,836‌

1,500,000

Kreditanstalt

fuer

Wiederaufbau

0

.500

09/20/24

1,398,185‌

3,000,000

Kreditanstalt

fuer

Wiederaufbau

1

.250

01/31/25

2,808,484‌

3,000,000

Kreditanstalt

fuer

Wiederaufbau

3

.125

06/10/25

2,911,818‌

3,500,000

Kreditanstalt

fuer

Wiederaufbau

0

.375

07/18/25

3,165,540‌

1,500,000

Landwirtschaftliche

Rentenbank

0

.500

05/27/25

1,366,110‌

1,000,000

Mexico

Government

International

Bond

3

.900

04/27/25

984,765‌

1,000,000

Nordic

Investment

Bank

0

.375

09/20/24

930,017‌

500,000

Nordic

Investment

Bank

2

.625

04/04/25

480,450‌

300,000

Panama

Government

International

Bond

3

.750

03/16/25

289,920‌

750,000

Peruvian

Government

International

Bond

7

.350

07/21/25

786,200‌

1,000,000

Poland

Government

International

Bond

4

.000

01/22/24

985,895‌

1,250,000

Province

of

Alberta

Canada

2

.950

01/23/24

1,223,746‌

750,000

Province

of

Alberta

Canada

1

.875

11/13/24

713,233‌

500,000

Province

of

British

Columbia

Canada

1

.750

09/27/24

475,240‌

1,000,000

Province

of

Ontario

Canada

3

.050

01/29/24

980,722‌

1,000,000

Province

of

Quebec

Canada

2

.875

10/16/24

968,730‌

750,000

Province

of

Quebec

Canada

1

.500

02/11/25

705,057‌

1,000,000

Province

of

Quebec

Canada

0

.600

07/23/25

905,787‌

1,000,000

Republic

of

Italy

Government

International

Bond

6

.875

09/27/23

1,005,479‌

1,000,000

Republic

of

Italy

Government

International

Bond

0

.875

05/06/24

933,792‌

300,000

Republic

of

Italy

Government

International

Bond

2

.375

10/17/24

282,199‌

500,000

Svensk

Exportkredit

AB

0

.375

03/11/24

473,983‌

500,000

Svensk

Exportkredit

AB

3

.625

09/03/24

490,172‌

925,000

Svensk

Exportkredit

AB

0

.625

10/07/24

860,809‌

750,000

Svensk

Exportkredit

AB

4

.625

11/28/25

750,266‌

TOTAL

FOREIGN

GOVERNMENT

BONDS

86,311,209‌

MUNICIPAL

BONDS

-

0

.0

%

280,000

Port

Authority

of

New

York

&

New

Jersey

1

.086

07/01/23

275,054‌

TOTAL

MUNICIPAL

BONDS

275,054‌

U.S.

TREASURY

SECURITIES

-

66

.0

%

22,250,000

United

States

Treasury

Note

1

.500

02/29/24

21,446,914‌

42,000,000

United

States

Treasury

Note

0

.250

03/15/24

39,816,328‌

18,000,000

United

States

Treasury

Note

2

.250

03/31/24

17,464,219‌

34,000,000

United

States

Treasury

Note

0

.375

04/15/24

32,172,500‌

10,000,000

United

States

Treasury

Note

2

.500

04/30/24

9,715,625‌

33,000,000

United

States

Treasury

Note

0

.250

05/15/24

31,059,961‌

13,400,000

United

States

Treasury

Note

2

.500

05/31/24

13,000,617‌

41,000,000

United

States

Treasury

Note

0

.250

06/15/24

38,479,140‌

12,000,000

United

States

Treasury

Note

3

.000

06/30/24

11,712,656‌

35,000,000

United

States

Treasury

Note

0

.375

07/15/24

32,786,523‌

11,500,000

United

States

Treasury

Note

3

.000

07/31/24

11,216,992‌

53,000,000

United

States

Treasury

Note

0

.375

08/15/24

49,513,594‌

9,000,000

United

States

Treasury

Note

3

.250

08/31/24

8,812,266‌

32,500,000

United

States

Treasury

Note

0

.375

09/15/24

30,289,746‌

9,500,000

United

States

Treasury

Note

4

.250

09/30/24

9,451,387‌

30,000,000

United

States

Treasury

Note

0

.625

10/15/24

28,016,016‌

38,500,000

United

States

Treasury

Note

4

.375

10/31/24

38,390,215‌

44,500,000

United

States

Treasury

Note

0

.750

11/15/24

41,534,492‌

38,000,000

e

United

States

Treasury

Note

4

.500

11/30/24

38,001,484‌

44,500,000

United

States

Treasury

Note

1

.000

12/15/24

41,649,219‌

9,500,000

United

States

Treasury

Note

4

.250

12/31/24

9,466,973‌

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

315

TIAA-CREF

Funds

December

31,

2022

continued

PRINCIPAL

ISSUER

REFERENCE

RATE

&

SPREAD

RATE

MATURITY

DATE

VALUE

U.S.

TREASURY

SECURITIES—continued

$

26,500,000

United

States

Treasury

Note

1

.125

%

01/15/25

$

24,799,238‌

22,000,000

United

States

Treasury

Note

1

.500

02/15/25

20,709,219‌

43,000,000

United

States

Treasury

Note

1

.750

03/15/25

40,631,641‌

14,000,000

United

States

Treasury

Note

2

.625

04/15/25

13,473,906‌

35,000,000

United

States

Treasury

Note

2

.750

05/15/25

33,750,391‌

26,000,000

United

States

Treasury

Note

2

.875

06/15/25

25,129,609‌

33,000,000

United

States

Treasury

Note

3

.000

07/15/25

31,963,594‌

43,000,000

United

States

Treasury

Note

3

.125

08/15/25

41,746,953‌

5,000,000

United

States

Treasury

Note

0

.250

08/31/25

4,496,094‌

34,500,000

United

States

Treasury

Note

3

.500

09/15/25

33,810,000‌

4,000,000

United

States

Treasury

Note

0

.250

09/30/25

3,591,562‌

30,000,000

United

States

Treasury

Note

4

.250

10/15/25

29,976,563‌

57,500,000

United

States

Treasury

Note

4

.375

11/15/25

57,845,898‌

42,000,000

United

States

Treasury

Note

4

.000

12/15/25

41,730,938‌

TOTAL

U.S.

TREASURY

SECURITIES

957,652,473‌

TOTAL

GOVERNMENT

BONDS

1,089,083,854‌

(Cost

$1,130,772,758)

STRUCTURED

ASSETS

-

0

.0

%

ASSET

BACKED

-

0

.0

%

200,000

Delta

Air

Lines

Pass

Through

Trust

3

.204

04/25/24

194,932‌

Series

-

2019

1

(Class

AA)

TOTAL

ASSET

BACKED

194,932‌

TOTAL

STRUCTURED

ASSETS

194,932‌

(Cost

$208,379)

TOTAL

BONDS

1,441,293,288‌

(Cost

$1,496,577,954)

REFERENCERATE

&

SPREAD

SHORT-TERM

INVESTMENTS

-

3.8%

REPURCHASE

AGREEMENT

-

1

.0

%

$

13,770,000

r

Fixed

Income

Clearing

Corp

(FICC)

4

.080

01/03/23

13,770,000‌

TOTAL

REPURCHASE

AGREEMENT

13,770,000‌

SHARES

COMPANY

EXP

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

-

2

.8

%

41,257,747

c

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4

.340

41,257,747‌

TOTAL

INVESTMENTS

IN

REGISTERED

INVESTMENT

COMPANIES

41,257,747‌

TOTAL

SHORT-TERM

INVESTMENTS

55,027,747‌

(Cost

$55,027,747)

TOTAL

INVESTMENTS

-

103.2%

1,496,321,035‌

(Cost

$1,551,605,701)

OTHER

ASSETS

&

LIABILITIES,

NET

-

(3.2)%

(

46,480,005‌

)

NET

ASSETS

-

100.0%

$

1,449,841,030‌

LIBOR

London

Interbank

Offered

Rate

M

Month

Portfolio

of

investments

(unaudited)

Short-Term

Bond

Index

Fund

December

31,

2022

316

December

31,

2022

TIAA-CREF

Funds

concluded

‡

Perpetual

security

c

Investments

made

with

cash

collateral

received

from

securities

on

loan.

e

All

or

a

portion

of

these

securities

are

out

on

loan.

The

aggregate

value

of

securities

on

loan

is

$40,349,719.

g

Security

is

exempt

from

registration

under

Rule

144(A)

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

i

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

unless

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

r

Agreement

with

Fixed

Income

Clearing

Corp

(FICC),

4.080%

dated

12/30/22

to

be

repurchased

at

$13,770,000

on

1/3/23,

collateralized

by

Government

Agency

Securities,

with

coupon

rates

0.750%–1.000%

and

maturity

dates

7/15/28–7/31/28,

valued

at

$14,045,411.

TIAA-CREF

FUNDS

-

Notes

to

schedules

of

investments

(unaudited)

317

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

Adviser,

subject

to

the

review

and

oversight

of

the

Board.

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

that

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:

Fund

Level

1

Level

2

Level

3

Total

Real

Estate

Securities

Common

stocks

$2,973,057,820

$—

$—

$2,973,057,820

Short-term

investments

—

52,171,741

—

52,171,741

Total

$2,973,057,820

$52,171,741

$—

$3,025,229,561

1

1

1

1

1

Bond

Index

Corporate

bonds

$—

$4,780,646,309

$—

$4,780,646,309

Government

bonds

—

14,354,045,914

—

14,354,045,914

Structured

assets

—

468,125,881

—

468,125,881

Short-term

investments

243,906,262

175,819,201

—

419,725,463

Total

$243,906,262

$19,778,637,305

$—

$20,022,543,567

1

1

1

1

1

Core

Bond

Bank

loan

obligations

$—

$118,378,689

$175,061

$118,553,750

Corporate

bonds

—

3,211,044,288

3,437,839

3,214,482,127

Government

bonds

—

4,083,893,491

1,397,457

4,085,290,948

Structured

assets

—

1,445,092,142

4,147,399

1,449,239,541

Common

stocks

—

556,425

136,986

693,411

Preferred

stocks

10,121,675

—

—

10,121,675

Short-term

investments

121,575,741

314,380,449

—

435,956,190

Total

$131,697,416

$9,173,345,484

$9,294,742

$9,314,337,642

1

1

1

1

1

Core

Impact

Bond

Bank

loan

obligations

$—

$37,690,337

$—

$37,690,337

Corporate

bonds

—

1,660,624,113

—

1,660,624,113

Government

bonds

—

3,206,434,386

1,303,846

3,207,738,232

Structured

assets

—

777,273,509

1,959,656

779,233,165

Preferred

stocks

43,048,060

—

—

43,048,060

Short-term

investments

72,170,162

132,380,250

—

204,550,412

Total

$115,218,222

$5,814,402,595

$3,263,502

$5,932,884,319

1

1

1

1

1

318

TIAA-CREF

FUNDS

-

Notes

to

schedules

of

investments

(unaudited)

Fund

Level

1

Level

2

Level

3

Total

Core

Plus

Bond

Bank

loan

obligations

$—

$88,817,267

$116,414

$88,933,681

Corporate

bonds

—

1,663,481,219

2,373,879

1,665,855,098

Government

bonds

—

1,578,037,351

2,121,118

1,580,158,469

Structured

assets

—

734,592,398

2,864,379

737,456,777

Common

stocks

—

529,412

16

529,428

Preferred

stocks

4,354,389

—

—

4,354,389

Short-term

investments

68,770,408

180,901,648

—

249,672,056

Total

$73,124,797

$4,246,359,295

$7,475,806

$4,326,959,898

1

1

1

1

1

5-15

Year

Laddered

Tax-Exempt

Bond

Long-term

municipal

bonds

$

—

$

227,914,546

$

324,625

$

228,239,171

Short-term

investments

—

1,199,572

—

1,199,572

Total

$—

$229,114,118

$324,625

$229,438,743

1

1

1

1

1

Green

Bond

Bank

loan

obligations

$—

$1,896,193

$—

$1,896,193

Corporate

bonds

—

78,604,751

—

78,604,751

Government

bonds

—

30,563,716

—

30,563,716

Structured

assets

—

22,934,785

168,362

23,103,147

Preferred

stocks

909,838

—

—

909,838

Short-term

investments

1,865,457

4,448,000

—

6,313,457

Total

$2,775,295

$138,447,445

$168,362

$141,391,102

1

1

1

1

1

High-Yield

Bank

loan

obligations

$—

$100,632,495

$—

$100,632,495

Corporate

bonds

—

2,305,589,220

—

2,305,589,220

Common

stocks

39,231,615

103,956

291,595

39,627,166

Short-term

investments

96,945,734

25,087,389

—

122,033,123

Total

$136,177,349

$2,431,413,060

$291,595

$2,567,882,004

1

1

1

1

1

Inflation-Linked

Bond

Government

bonds

$—

$2,754,072,747

$—

$2,754,072,747

Short-term

investments

10,420

6,231,406

—

6,241,826

Total

$10,420

$2,760,304,153

$—

$2,760,314,573

1

1

1

1

1

Short

Duration

Impact

Bond

Bank

loan

obligations

$—

$1,896,193

$—

$1,896,193

Corporate

bonds

—

11,356,522

—

11,356,522

Government

bonds

—

44,398,759

—

44,398,759

Structured

assets

—

10,597,356

—

10,597,356

Short-term

investments

239,001

16,146,509

—

16,385,510

Total

$239,001

$84,395,339

$—

$84,634,340

1

1

1

1

1

Short-Term

Bond

Bank

loan

obligations

$—

$45,998,148

$—

$45,998,148

Corporate

bonds

—

621,671,478

—

621,671,478

Government

bonds

—

790,359,178

—

790,359,178

Structured

assets

—

443,502,072

1

443,502,073

Short-term

investments

195,574

159,259,985

—

159,455,559

Futures

contracts*

239,717

—

—

239,717

Total

$435,291

$2,060,790,861

$1

$2,061,226,153

1

1

1

1

1

Short-Term

Bond

Index

Corporate

bonds

$—

$352,014,502

$—

$352,014,502

Government

bonds

—

1,089,083,854

—

1,089,083,854

Structured

assets

—

194,932

—

194,932

Short-term

investments

41,257,747

13,770,000

—

55,027,747

Total

$41,257,747

$1,455,063,288

$—

$1,496,321,035

1

1

1

1

1

*

Derivative

instruments

are

not

reflected

in

the

market

value

of

portfolio

investments.

A12451-C

(8/22)