Portfolio

of

Investments

(unaudited)

Lifecycle

Retirement

Income

Fund

February

28,

2023

1

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—100.0%a

DIRECT

REAL

ESTATE—5.8%

2,190,888

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-1/31/23;

cost

$23,306,724)

$

26,356,389‌

TOTAL

DIRECT

REAL

ESTATE

26,356,389‌

FIXED

INCOME—40.4%

10,576,635

TIAA-CREF

Core

Bond

Fund

95,401,248‌

6,542,830

TIAA-CREF

Core

Plus

Bond

Fund

59,147,187‌

1,086,876

TIAA-CREF

Emerging

Markets

Debt

Fund

8,575,454‌

1,372,084

TIAA-CREF

High-Yield

Fund

11,347,132‌

1,216,010

TIAA-CREF

International

Bond

Fund

9,521,356‌

TOTAL

FIXED

INCOME

183,992,377‌

INFLATION-PROTECTED

ASSETS—10.1%

4,390,007

TIAA-CREF

Inflation-Linked

Bond

Fund

45,831,670‌

TOTAL

INFLATION-PROTECTED

ASSETS

45,831,670‌

INTERNATIONAL

EQUITY—11.9%

1,199,861

TIAA-CREF

Emerging

Markets

Equity

Fund

8,938,965‌

1,957,649

TIAA-CREF

International

Equity

Fund

23,491,787‌

1,010,613

TIAA-CREF

International

Opportunities

Fund

13,815,075‌

801,882

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

7,585,807‌

TOTAL

INTERNATIONAL

EQUITY

53,831,634‌

SHORT-TERM

FIXED

INCOME—10.1%

4,652,149

TIAA-CREF

Short-Term

Bond

Fund

45,823,669‌

TOTAL

SHORT-TERM

FIXED

INCOME

45,823,669‌

U.S.

EQUITY—21.7%

287,598

Nuveen

Dividend

Growth

Fund

14,454,699‌

1,166,425

Nuveen

Dividend

Value

Fund

15,898,370‌

784,087

Nuveen

Growth

Opportunities

ETF

14,544,814‌

1,104,393

TIAA-CREF

Growth

&

Income

Fund

14,489,642‌

832,458

TIAA-CREF

Large-Cap

Growth

Fund

14,559,697‌

825,151

TIAA-CREF

Large-Cap

Value

Fund

15,925,422‌

254,484

TIAA-CREF

Quant

Small-Cap

Equity

Fund

4,163,357‌

377,827

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

4,809,744‌

TOTAL

U.S.

EQUITY

98,845,745‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

454,681,484‌

(Cost

$457,858,639)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS—0.0%

GOVERNMENT

AGENCY

DEBT—0.0%

$227,000

Federal

Farm

Credit

Bank

(FFCB)

0

.000

%

03/01/23

227,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

227,000‌

TOTAL

SHORT-TERM

INVESTMENTS

227,000‌

(Cost

$227,000)

TOTAL

INVESTMENTS—100.0%

454,908,484‌

(Cost

$458,085,639)

OTHER

ASSETS

&

LIABILITIES,

NET—(0.0)%

(

126,926‌

)

NET

ASSETS—100.0%

$

454,781,558‌

ETF

Exchange

Traded

Fund

Portfolio

of

Investments

(unaudited)

Lifecycle

Retirement

Income

Fund

February

28,

2023

2

concluded

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

the

affiliated

Nuveen

Growth

Opportunities

ETF,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

2/28/23,

the

total

value

of

this

security

amounted

to

$26,356,389

or

5.8%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2010

Fund

February

28,

2023

3

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%a

DIRECT

REAL

ESTATE—4.3%

3,110,758

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

7/01/16-1/26/21;

cost

$32,167,532)

$

37,422,424‌

TOTAL

DIRECT

REAL

ESTATE

37,422,424‌

FIXED

INCOME—40.4%

20,258,230

TIAA-CREF

Core

Bond

Fund

182,729,238‌

12,531,294

TIAA-CREF

Core

Plus

Bond

Fund

113,282,897‌

2,081,485

TIAA-CREF

Emerging

Markets

Debt

Fund

16,422,919‌

2,630,028

TIAA-CREF

High-Yield

Fund

21,750,336‌

2,317,100

TIAA-CREF

International

Bond

Fund

18,142,897‌

TOTAL

FIXED

INCOME

352,328,287‌

INFLATION-PROTECTED

ASSETS—10.0%

8,396,393

TIAA-CREF

Inflation-Linked

Bond

Fund

87,658,339‌

TOTAL

INFLATION-PROTECTED

ASSETS

87,658,339‌

INTERNATIONAL

EQUITY—11.4%

2,221,480

TIAA-CREF

Emerging

Markets

Equity

Fund

16,550,026‌

3,625,464

TIAA-CREF

International

Equity

Fund

43,505,569‌

1,876,351

TIAA-CREF

International

Opportunities

Fund

25,649,714‌

1,485,822

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

14,055,875‌

TOTAL

INTERNATIONAL

EQUITY

99,761,184‌

SHORT-TERM

FIXED

INCOME—12.7%

11,235,779

TIAA-CREF

Short-Term

Bond

Fund

110,672,428‌

TOTAL

SHORT-TERM

FIXED

INCOME

110,672,428‌

U.S.

EQUITY—21.0%

531,541

Nuveen

Dividend

Growth

Fund

26,715,226‌

2,156,756

Nuveen

Dividend

Value

Fund

29,396,585‌

1,442,982

Nuveen

Growth

Opportunities

ETF

26,767,316‌

2,043,332

TIAA-CREF

Growth

&

Income

Fund

26,808,518‌

1,538,063

TIAA-CREF

Large-Cap

Growth

Fund

26,900,715‌

1,526,120

TIAA-CREF

Large-Cap

Value

Fund

29,454,123‌

470,562

TIAA-CREF

Quant

Small-Cap

Equity

Fund

7,698,395‌

699,555

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

8,905,330‌

TOTAL

U.S.

EQUITY

182,646,208‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

870,488,870‌

(Cost

$857,729,384)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS—0.1%

GOVERNMENT

AGENCY

DEBT—0.1%

$1,334,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

%

03/01/23

1,334,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

1,334,000‌

TOTAL

SHORT-TERM

INVESTMENTS

1,334,000‌

(Cost

$1,334,000)

TOTAL

INVESTMENTS—99.9%

871,822,870‌

(Cost

$859,063,384)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

614,965‌

NET

ASSETS—100.0%

$

872,437,835‌

ETF

Exchange

Traded

Fund

Portfolio

of

Investments

(unaudited)

Lifecycle

2010

Fund

February

28,

2023

4

concluded

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

the

affiliated

Nuveen

Growth

Opportunities

ETF,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

2/28/23,

the

total

value

of

this

security

amounted

to

$37,422,424

or

4.3%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2015

Fund

February

28,

2023

5

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%a

DIRECT

REAL

ESTATE—5.8%

5,994,391

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

11/28/16-12/21/22;

cost

$63,215,133)

$

72,112,518‌

TOTAL

DIRECT

REAL

ESTATE

72,112,518‌

FIXED

INCOME—40.0%

28,614,716

TIAA-CREF

Core

Bond

Fund

258,104,741‌

17,689,734

TIAA-CREF

Core

Plus

Bond

Fund

159,915,197‌

2,943,861

TIAA-CREF

Emerging

Markets

Debt

Fund

23,227,062‌

3,720,724

TIAA-CREF

High-Yield

Fund

30,770,391‌

3,273,864

TIAA-CREF

International

Bond

Fund

25,634,359‌

TOTAL

FIXED

INCOME

497,651,750‌

INFLATION-PROTECTED

ASSETS—9.1%

10,868,462

TIAA-CREF

Inflation-Linked

Bond

Fund

113,466,745‌

TOTAL

INFLATION-PROTECTED

ASSETS

113,466,745‌

INTERNATIONAL

EQUITY—12.6%

3,516,871

TIAA-CREF

Emerging

Markets

Equity

Fund

26,200,688‌

5,724,843

TIAA-CREF

International

Equity

Fund

68,698,111‌

2,965,081

TIAA-CREF

International

Opportunities

Fund

40,532,653‌

2,344,924

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

22,182,980‌

TOTAL

INTERNATIONAL

EQUITY

157,614,432‌

SHORT-TERM

FIXED

INCOME—9.1%

11,520,588

TIAA-CREF

Short-Term

Bond

Fund

113,477,795‌

TOTAL

SHORT-TERM

FIXED

INCOME

113,477,795‌

U.S.

EQUITY—23.3%

841,188

Nuveen

Dividend

Growth

Fund

42,278,109‌

3,411,996

Nuveen

Dividend

Value

Fund

46,505,509‌

2,301,953

Nuveen

Growth

Opportunities

ETF

42,701,228‌

3,231,773

TIAA-CREF

Growth

&

Income

Fund

42,400,866‌

2,450,172

TIAA-CREF

Large-Cap

Growth

Fund

42,853,512‌

2,414,333

TIAA-CREF

Large-Cap

Value

Fund

46,596,619‌

744,187

TIAA-CREF

Quant

Small-Cap

Equity

Fund

12,174,901‌

1,104,660

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

14,062,327‌

TOTAL

U.S.

EQUITY

289,573,071‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

1,243,896,311‌

(Cost

$1,282,341,046)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS—0.1%

GOVERNMENT

AGENCY

DEBT—0.1%

$908,000

Federal

Farm

Credit

Bank

(FFCB)

0

.000

%

03/01/23

908,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

908,000‌

TOTAL

SHORT-TERM

INVESTMENTS

908,000‌

(Cost

$908,000)

TOTAL

INVESTMENTS—100.0%

1,244,804,311‌

(Cost

$1,283,249,046)

OTHER

ASSETS

&

LIABILITIES,

NET—(0.0)%

(

281,427‌

)

NET

ASSETS—100.0%

$

1,244,522,884‌

ETF

Exchange

Traded

Fund

Portfolio

of

Investments

(unaudited)

Lifecycle

2015

Fund

February

28,

2023

6

concluded

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

the

affiliated

Nuveen

Growth

Opportunities

ETF,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

2/28/23,

the

total

value

of

this

security

amounted

to

$72,112,518

or

5.8%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2020

Fund

February

28,

2023

7

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%a

DIRECT

REAL

ESTATE—5.8%

13,215,752

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

11/28/16-12/21/22;

cost

$139,687,788)

$

158,985,494‌

TOTAL

DIRECT

REAL

ESTATE

158,985,494‌

FIXED

INCOME—38.9%

61,499,299

TIAA-CREF

Core

Bond

Fund

554,723,673‌

38,014,053

TIAA-CREF

Core

Plus

Bond

Fund

343,647,040‌

6,311,013

TIAA-CREF

Emerging

Markets

Debt

Fund

49,793,889‌

8,053,061

TIAA-CREF

High-Yield

Fund

66,598,817‌

7,062,036

TIAA-CREF

International

Bond

Fund

55,295,743‌

TOTAL

FIXED

INCOME

1,070,059,162‌

INFLATION-PROTECTED

ASSETS—7.1%

18,656,811

TIAA-CREF

Inflation-Linked

Bond

Fund

194,777,111‌

TOTAL

INFLATION-PROTECTED

ASSETS

194,777,111‌

INTERNATIONAL

EQUITY—14.4%

8,779,413

TIAA-CREF

Emerging

Markets

Equity

Fund

65,406,628‌

14,364,767

TIAA-CREF

International

Equity

Fund

172,377,198‌

7,418,364

TIAA-CREF

International

Opportunities

Fund

101,409,039‌

5,878,831

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

55,613,738‌

TOTAL

INTERNATIONAL

EQUITY

394,806,603‌

SHORT-TERM

FIXED

INCOME—7.1%

19,803,291

TIAA-CREF

Short-Term

Bond

Fund

195,062,417‌

TOTAL

SHORT-TERM

FIXED

INCOME

195,062,417‌

U.S.

EQUITY—26.5%

2,108,877

Nuveen

Dividend

Growth

Fund

105,992,142‌

8,553,946

Nuveen

Dividend

Value

Fund

116,590,281‌

5,838,246

Nuveen

Growth

Opportunities

ETF

108,299,463‌

8,092,861

TIAA-CREF

Growth

&

Income

Fund

106,178,338‌

6,194,375

TIAA-CREF

Large-Cap

Growth

Fund

108,339,618‌

6,052,788

TIAA-CREF

Large-Cap

Value

Fund

116,818,808‌

1,868,792

TIAA-CREF

Quant

Small-Cap

Equity

Fund

30,573,429‌

2,772,658

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

35,295,936‌

TOTAL

U.S.

EQUITY

728,088,015‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

2,741,778,802‌

(Cost

$2,802,844,456)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS—0.0%

GOVERNMENT

AGENCY

DEBT—0.0%

$1,271,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

%

03/01/23

1,271,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

1,271,000‌

TOTAL

SHORT-TERM

INVESTMENTS

1,271,000‌

(Cost

$1,271,000)

TOTAL

INVESTMENTS—99.8%

2,743,049,802‌

(Cost

$2,804,115,456)

OTHER

ASSETS

&

LIABILITIES,

NET—0.2%

4,504,890‌

NET

ASSETS—100.0%

$

2,747,554,692‌

ETF

Exchange

Traded

Fund

Portfolio

of

Investments

(unaudited)

Lifecycle

2020

Fund

February

28,

2023

8

concluded

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

the

affiliated

Nuveen

Growth

Opportunities

ETF,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

2/28/23,

the

total

value

of

this

security

amounted

to

$158,985,494

or

5.8%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2025

Fund

February

28,

2023

9

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.7%a

DIRECT

REAL

ESTATE—5.8%

19,323,950

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/03/21;

cost

$206,055,173)

$

232,467,118‌

TOTAL

DIRECT

REAL

ESTATE

232,467,118‌

FIXED

INCOME—35.9%

82,983,572

TIAA-CREF

Core

Bond

Fund

748,511,817‌

51,317,477

TIAA-CREF

Core

Plus

Bond

Fund

463,909,990‌

8,518,382

TIAA-CREF

Emerging

Markets

Debt

Fund

67,210,032‌

11,065,596

TIAA-CREF

High-Yield

Fund

91,512,478‌

9,523,767

TIAA-CREF

International

Bond

Fund

74,571,096‌

TOTAL

FIXED

INCOME

1,445,715,413‌

INFLATION-PROTECTED

ASSETS—5.1%

19,555,738

TIAA-CREF

Inflation-Linked

Bond

Fund

204,161,907‌

TOTAL

INFLATION-PROTECTED

ASSETS

204,161,907‌

INTERNATIONAL

EQUITY—16.8%

15,016,556

TIAA-CREF

Emerging

Markets

Equity

Fund

111,873,342‌

24,528,192

TIAA-CREF

International

Equity

Fund

294,338,305‌

12,657,901

TIAA-CREF

International

Opportunities

Fund

173,033,508‌

10,044,362

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

95,019,669‌

TOTAL

INTERNATIONAL

EQUITY

674,264,824‌

SHORT-TERM

FIXED

INCOME—5.1%

20,726,708

TIAA-CREF

Short-Term

Bond

Fund

204,158,078‌

TOTAL

SHORT-TERM

FIXED

INCOME

204,158,078‌

U.S.

EQUITY—31.0%

3,599,650

Nuveen

Dividend

Growth

Fund

180,918,404‌

14,615,030

Nuveen

Dividend

Value

Fund

199,202,854‌

10,043,114

Nuveen

Growth

Opportunities

ETF

186,299,765‌

13,863,041

TIAA-CREF

Growth

&

Income

Fund

181,883,102‌

10,680,958

TIAA-CREF

Large-Cap

Growth

Fund

186,809,950‌

10,338,721

TIAA-CREF

Large-Cap

Value

Fund

199,537,321‌

3,188,133

TIAA-CREF

Quant

Small-Cap

Equity

Fund

52,157,860‌

4,730,836

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

60,223,548‌

TOTAL

U.S.

EQUITY

1,247,032,804‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

4,007,800,144‌

(Cost

$4,053,626,918)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS—0.1%

GOVERNMENT

AGENCY

DEBT—0.1%

$4,077,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

%

03/01/23

4,077,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

4,077,000‌

TOTAL

SHORT-TERM

INVESTMENTS

4,077,000‌

(Cost

$4,077,000)

TOTAL

INVESTMENTS—99.8%

4,011,877,144‌

(Cost

$4,057,703,918)

OTHER

ASSETS

&

LIABILITIES,

NET—0.2%

9,435,785‌

NET

ASSETS—100.0%

$

4,021,312,929‌

ETF

Exchange

Traded

Fund

Portfolio

of

Investments

(unaudited)

Lifecycle

2025

Fund

February

28,

2023

10

concluded

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

the

affiliated

Nuveen

Growth

Opportunities

ETF,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

2/28/23,

the

total

value

of

this

security

amounted

to

$232,467,118

or

5.8%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2030

Fund

February

28,

2023

11

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.6%a

DIRECT

REAL

ESTATE—5.8%

21,670,566

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-12/21/22;

cost

$233,268,956)

$

260,696,909‌

TOTAL

DIRECT

REAL

ESTATE

260,696,909‌

FIXED

INCOME—30.8%

79,585,513

TIAA-CREF

Core

Bond

Fund

717,861,323‌

49,132,188

TIAA-CREF

Core

Plus

Bond

Fund

444,154,980‌

8,185,745

TIAA-CREF

Emerging

Markets

Debt

Fund

64,585,526‌

10,993,083

TIAA-CREF

High-Yield

Fund

90,912,799‌

9,166,274

TIAA-CREF

International

Bond

Fund

71,771,929‌

TOTAL

FIXED

INCOME

1,389,286,557‌

INFLATION-PROTECTED

ASSETS—3.1%

13,239,481

TIAA-CREF

Inflation-Linked

Bond

Fund

138,220,179‌

TOTAL

INFLATION-PROTECTED

ASSETS

138,220,179‌

INTERNATIONAL

EQUITY—19.9%

19,994,861

TIAA-CREF

Emerging

Markets

Equity

Fund

148,961,716‌

32,730,112

TIAA-CREF

International

Equity

Fund

392,761,347‌

16,863,639

TIAA-CREF

International

Opportunities

Fund

230,525,945‌

13,376,014

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

126,537,090‌

TOTAL

INTERNATIONAL

EQUITY

898,786,098‌

SHORT-TERM

FIXED

INCOME—3.0%

14,013,511

TIAA-CREF

Short-Term

Bond

Fund

138,033,088‌

TOTAL

SHORT-TERM

FIXED

INCOME

138,033,088‌

U.S.

EQUITY—37.0%

4,803,463

Nuveen

Dividend

Growth

Fund

241,422,046‌

19,509,376

Nuveen

Dividend

Value

Fund

265,912,798‌

13,467,867

Nuveen

Growth

Opportunities

ETF

249,828,933‌

18,541,922

TIAA-CREF

Growth

&

Income

Fund

243,270,015‌

14,372,395

TIAA-CREF

Large-Cap

Growth

Fund

251,373,193‌

13,784,137

TIAA-CREF

Large-Cap

Value

Fund

266,033,836‌

4,246,807

TIAA-CREF

Quant

Small-Cap

Equity

Fund

69,477,768‌

6,317,821

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

80,425,860‌

TOTAL

U.S.

EQUITY

1,667,744,449‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

4,492,767,280‌

(Cost

$4,489,346,018)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS—0.1%

GOVERNMENT

AGENCY

DEBT—0.1%

$5,447,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

%

03/01/23

5,447,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

5,447,000‌

TOTAL

SHORT-TERM

INVESTMENTS

5,447,000‌

(Cost

$5,447,000)

TOTAL

INVESTMENTS—99.7%

4,498,214,280‌

(Cost

$4,494,793,018)

OTHER

ASSETS

&

LIABILITIES,

NET—0.3%

13,167,086‌

NET

ASSETS—100.0%

$

4,511,381,366‌

ETF

Exchange

Traded

Fund

Portfolio

of

Investments

(unaudited)

Lifecycle

2030

Fund

February

28,

2023

12

concluded

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

the

affiliated

Nuveen

Growth

Opportunities

ETF,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

2/28/23,

the

total

value

of

this

security

amounted

to

$260,696,909

or

5.8%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2035

Fund

February

28,

2023

13

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.6%a

DIRECT

REAL

ESTATE—5.8%

22,449,147

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-2/16/23;

cost

$241,931,694)

$

270,063,245‌

TOTAL

DIRECT

REAL

ESTATE

270,063,245‌

FIXED

INCOME—23.8%

63,293,745

TIAA-CREF

Core

Bond

Fund

570,909,579‌

39,059,356

TIAA-CREF

Core

Plus

Bond

Fund

353,096,582‌

6,510,048

TIAA-CREF

Emerging

Markets

Debt

Fund

51,364,279‌

9,398,484

TIAA-CREF

High-Yield

Fund

77,725,460‌

7,282,159

TIAA-CREF

International

Bond

Fund

57,019,308‌

TOTAL

FIXED

INCOME

1,110,115,208‌

INFLATION-PROTECTED

ASSETS—1.0%

4,735,274

TIAA-CREF

Inflation-Linked

Bond

Fund

49,436,256‌

TOTAL

INFLATION-PROTECTED

ASSETS

49,436,256‌

INTERNATIONAL

EQUITY—23.8%

24,682,487

TIAA-CREF

Emerging

Markets

Equity

Fund

183,884,527‌

40,386,715

TIAA-CREF

International

Equity

Fund

484,640,575‌

20,881,176

TIAA-CREF

International

Opportunities

Fund

285,445,679‌

16,507,675

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

156,162,610‌

TOTAL

INTERNATIONAL

EQUITY

1,110,133,391‌

SHORT-TERM

FIXED

INCOME—1.1%

5,019,266

TIAA-CREF

Short-Term

Bond

Fund

49,439,772‌

TOTAL

SHORT-TERM

FIXED

INCOME

49,439,772‌

U.S.

EQUITY—44.1%

5,943,934

Nuveen

Dividend

Growth

Fund

298,742,122‌

24,070,103

Nuveen

Dividend

Value

Fund

328,075,500‌

16,735,843

Nuveen

Growth

Opportunities

ETF

310,449,887‌

22,871,556

TIAA-CREF

Growth

&

Income

Fund

300,074,818‌

17,832,649

TIAA-CREF

Large-Cap

Growth

Fund

311,893,026‌

17,018,030

TIAA-CREF

Large-Cap

Value

Fund

328,447,984‌

5,245,655

TIAA-CREF

Quant

Small-Cap

Equity

Fund

85,818,912‌

7,805,938

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

99,369,585‌

TOTAL

U.S.

EQUITY

2,062,871,834‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

4,652,059,706‌

(Cost

$4,547,945,940)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS—0.1%

GOVERNMENT

AGENCY

DEBT—0.1%

$6,525,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

%

03/01/23

6,525,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

6,525,000‌

TOTAL

SHORT-TERM

INVESTMENTS

6,525,000‌

(Cost

$6,525,000)

TOTAL

INVESTMENTS—99.7%

4,658,584,706‌

(Cost

$4,554,470,940)

OTHER

ASSETS

&

LIABILITIES,

NET—0.3%

13,201,301‌

NET

ASSETS—100.0%

$

4,671,786,007‌

ETF

Exchange

Traded

Fund

Portfolio

of

Investments

(unaudited)

Lifecycle

2035

Fund

February

28,

2023

14

concluded

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

the

affiliated

Nuveen

Growth

Opportunities

ETF,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

2/28/23,

the

total

value

of

this

security

amounted

to

$270,063,245

or

5.8%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2040

Fund

February

28,

2023

15

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.7%a

DIRECT

REAL

ESTATE—5.8%

26,999,663

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-2/16/23;

cost

$291,420,979)

$

324,805,946‌

TOTAL

DIRECT

REAL

ESTATE

324,805,946‌

FIXED

INCOME—14.6%

46,178,826

TIAA-CREF

Core

Bond

Fund

416,533,013‌

28,500,278

TIAA-CREF

Core

Plus

Bond

Fund

257,642,511‌

4,757,964

TIAA-CREF

Emerging

Markets

Debt

Fund

37,540,333‌

8,196,026

TIAA-CREF

High-Yield

Fund

67,781,134‌

5,318,598

TIAA-CREF

International

Bond

Fund

41,644,626‌

TOTAL

FIXED

INCOME

821,141,617‌

INTERNATIONAL

EQUITY—27.7%

34,567,280

TIAA-CREF

Emerging

Markets

Equity

Fund

257,526,237‌

56,537,810

TIAA-CREF

International

Equity

Fund

678,453,719‌

29,168,882

TIAA-CREF

International

Opportunities

Fund

398,738,612‌

23,101,323

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

218,538,517‌

TOTAL

INTERNATIONAL

EQUITY

1,553,257,085‌

U.S.

EQUITY—51.6%

8,303,236

Nuveen

Dividend

Growth

Fund

417,320,641‌

33,686,431

Nuveen

Dividend

Value

Fund

459,146,060‌

23,558,950

Nuveen

Growth

Opportunities

ETF

437,018,522‌

32,020,950

TIAA-CREF

Growth

&

Income

Fund

420,114,860‌

25,135,824

TIAA-CREF

Large-Cap

Growth

Fund

439,625,564‌

23,864,389

TIAA-CREF

Large-Cap

Value

Fund

460,582,716‌

7,366,097

TIAA-CREF

Quant

Small-Cap

Equity

Fund

120,509,344‌

10,924,168

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

139,064,663‌

TOTAL

U.S.

EQUITY

2,893,382,370‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

5,592,587,018‌

(Cost

$5,362,728,237)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS—0.1%

GOVERNMENT

AGENCY

DEBT—0.1%

$5,229,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

%

03/01/23

5,229,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

5,229,000‌

TOTAL

SHORT-TERM

INVESTMENTS

5,229,000‌

(Cost

$5,229,000)

TOTAL

INVESTMENTS—99.8%

5,597,816,018‌

(Cost

$5,367,957,237)

OTHER

ASSETS

&

LIABILITIES,

NET—0.2%

9,612,000‌

NET

ASSETS—100.0%

$

5,607,428,018‌

ETF

Exchange

Traded

Fund

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

the

affiliated

Nuveen

Growth

Opportunities

ETF,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

2/28/23,

the

total

value

of

this

security

amounted

to

$324,805,946

or

5.8%

of

net

assets.

Lifecycle

2045

Fund

February

28,

2023

Portfolio

of

Investments

(unaudited)

16

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%a

DIRECT

REAL

ESTATE—5.8%

18,520,334

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-2/16/23;

cost

$202,487,343)

$

222,799,618‌

TOTAL

DIRECT

REAL

ESTATE

222,799,618‌

FIXED

INCOME—7.4%

15,465,392

TIAA-CREF

Core

Bond

Fund

139,497,836‌

9,515,788

TIAA-CREF

Core

Plus

Bond

Fund

86,022,721‌

1,593,437

TIAA-CREF

Emerging

Markets

Debt

Fund

12,572,217‌

3,929,437

TIAA-CREF

High-Yield

Fund

32,496,446‌

1,759,741

TIAA-CREF

International

Bond

Fund

13,778,768‌

TOTAL

FIXED

INCOME

284,367,988‌

INTERNATIONAL

EQUITY—30.2%

25,894,774

TIAA-CREF

Emerging

Markets

Equity

Fund

192,916,065‌

42,277,707

TIAA-CREF

International

Equity

Fund

507,332,485‌

21,805,817

TIAA-CREF

International

Opportunities

Fund

298,085,522‌

17,257,176

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

163,252,881‌

TOTAL

INTERNATIONAL

EQUITY

1,161,586,953‌

U.S.

EQUITY—56.4%

6,222,619

Nuveen

Dividend

Growth

Fund

312,748,833‌

25,175,057

Nuveen

Dividend

Value

Fund

343,136,025‌

17,665,234

Nuveen

Growth

Opportunities

ETF

327,690,091‌

23,919,486

TIAA-CREF

Growth

&

Income

Fund

313,823,656‌

18,877,839

TIAA-CREF

Large-Cap

Growth

Fund

330,173,402‌

17,856,857

TIAA-CREF

Large-Cap

Value

Fund

344,637,347‌

5,515,566

TIAA-CREF

Quant

Small-Cap

Equity

Fund

90,234,652‌

8,169,179

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

103,993,654‌

TOTAL

U.S.

EQUITY

2,166,437,660‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

3,835,192,219‌

(Cost

$3,607,933,156)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS—0.1%

GOVERNMENT

AGENCY

DEBT—0.1%

$3,745,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

%

03/01/23

3,745,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

3,745,000‌

TOTAL

SHORT-TERM

INVESTMENTS

3,745,000‌

(Cost

$3,745,000)

TOTAL

INVESTMENTS—99.9%

3,838,937,219‌

(Cost

$3,611,678,156)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

4,567,203‌

NET

ASSETS—100.0%

$

3,843,504,422‌

ETF

Exchange

Traded

Fund

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

the

affiliated

Nuveen

Growth

Opportunities

ETF,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

2/28/23,

the

total

value

of

this

security

amounted

to

$222,799,618

or

5.8%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2050

Fund

February

28,

2023

17

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%a

DIRECT

REAL

ESTATE—5.8%

14,270,446

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-2/16/23;

cost

$157,778,355)

$

171,673,470‌

TOTAL

DIRECT

REAL

ESTATE

171,673,470‌

FIXED

INCOME—4.1%

6,218,534

TIAA-CREF

Core

Bond

Fund

56,091,176‌

3,828,341

TIAA-CREF

Core

Plus

Bond

Fund

34,608,203‌

635,704

TIAA-CREF

Emerging

Markets

Debt

Fund

5,015,703‌

2,436,912

TIAA-CREF

High-Yield

Fund

20,153,265‌

697,711

TIAA-CREF

International

Bond

Fund

5,463,074‌

TOTAL

FIXED

INCOME

121,331,421‌

INTERNATIONAL

EQUITY—31.4%

20,772,151

TIAA-CREF

Emerging

Markets

Equity

Fund

154,752,522‌

33,800,160

TIAA-CREF

International

Equity

Fund

405,601,920‌

17,448,402

TIAA-CREF

International

Opportunities

Fund

238,519,651‌

13,794,085

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

130,492,041‌

TOTAL

INTERNATIONAL

EQUITY

929,366,134‌

U.S.

EQUITY—58.5%

4,978,059

Nuveen

Dividend

Growth

Fund

250,197,227‌

20,132,196

Nuveen

Dividend

Value

Fund

274,401,832‌

14,146,519

Nuveen

Growth

Opportunities

ETF

262,417,928‌

19,104,310

TIAA-CREF

Growth

&

Income

Fund

250,648,545‌

15,108,952

TIAA-CREF

Large-Cap

Growth

Fund

264,255,567‌

14,254,818

TIAA-CREF

Large-Cap

Value

Fund

275,117,986‌

4,408,474

TIAA-CREF

Quant

Small-Cap

Equity

Fund

72,122,637‌

6,538,527

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

83,235,455‌

TOTAL

U.S.

EQUITY

1,732,397,177‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

2,954,768,202‌

(Cost

$2,823,412,257)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS—0.1%

GOVERNMENT

AGENCY

DEBT—0.1%

$3,612,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

%

03/01/23

3,612,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

3,612,000‌

TOTAL

SHORT-TERM

INVESTMENTS

3,612,000‌

(Cost

$3,612,000)

TOTAL

INVESTMENTS—99.9%

2,958,380,202‌

(Cost

$2,827,024,257)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

1,536,220‌

NET

ASSETS—100.0%

$

2,959,916,422‌

ETF

Exchange

Traded

Fund

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

the

affiliated

Nuveen

Growth

Opportunities

ETF,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

2/28/23,

the

total

value

of

this

security

amounted

to

$171,673,470

or

5.8%

of

net

assets.

Lifecycle

2055

Fund

February

28,

2023

Portfolio

of

Investments

(unaudited)

18

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%a

DIRECT

REAL

ESTATE—5.8%

6,718,317

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-2/16/23;

cost

$75,857,589)

$

80,821,359‌

TOTAL

DIRECT

REAL

ESTATE

80,821,359‌

FIXED

INCOME—2.9%

1,909,671

TIAA-CREF

Core

Bond

Fund

17,225,233‌

1,179,865

TIAA-CREF

Core

Plus

Bond

Fund

10,665,976‌

196,069

TIAA-CREF

Emerging

Markets

Debt

Fund

1,546,986‌

1,048,239

TIAA-CREF

High-Yield

Fund

8,668,939‌

218,384

TIAA-CREF

International

Bond

Fund

1,709,943‌

TOTAL

FIXED

INCOME

39,817,077‌

INTERNATIONAL

EQUITY—31.8%

9,919,396

TIAA-CREF

Emerging

Markets

Equity

Fund

73,899,503‌

16,115,370

TIAA-CREF

International

Equity

Fund

193,384,444‌

8,330,292

TIAA-CREF

International

Opportunities

Fund

113,875,091‌

6,586,945

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

62,312,502‌

TOTAL

INTERNATIONAL

EQUITY

443,471,540‌

U.S.

EQUITY—59.3%

2,376,039

Nuveen

Dividend

Growth

Fund

119,419,745‌

9,609,051

Nuveen

Dividend

Value

Fund

130,971,371‌

6,761,047

Nuveen

Growth

Opportunities

ETF

125,417,422‌

9,113,690

TIAA-CREF

Growth

&

Income

Fund

119,571,610‌

7,212,125

TIAA-CREF

Large-Cap

Growth

Fund

126,140,070‌

6,802,587

TIAA-CREF

Large-Cap

Value

Fund

131,289,936‌

2,102,437

TIAA-CREF

Quant

Small-Cap

Equity

Fund

34,395,864‌

3,117,187

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

39,681,792‌

TOTAL

U.S.

EQUITY

826,887,810‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

1,390,997,786‌

(Cost

$1,370,164,620)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS—0.1%

GOVERNMENT

AGENCY

DEBT—0.1%

$1,615,000

Federal

Home

Loan

Bank

(FHLB)

0

.000

%

03/01/23

1,615,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

1,615,000‌

TOTAL

SHORT-TERM

INVESTMENTS

1,615,000‌

(Cost

$1,615,000)

TOTAL

INVESTMENTS—99.9%

1,392,612,786‌

(Cost

$1,371,779,620)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

2,037,670‌

NET

ASSETS—100.0%

$

1,394,650,456‌

ETF

Exchange

Traded

Fund

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

the

affiliated

Nuveen

Growth

Opportunities

ETF,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

2/28/23,

the

total

value

of

this

security

amounted

to

$80,821,359

or

5.8%

of

net

assets.

Portfolio

of

Investments

(unaudited)

Lifecycle

2060

Fund

February

28,

2023

19

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.7%a

DIRECT

REAL

ESTATE—5.8%

2,332,283

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-2/16/23;

cost

$26,987,273)

$

28,057,362‌

TOTAL

DIRECT

REAL

ESTATE

28,057,362‌

FIXED

INCOME—1.6%

314,988

TIAA-CREF

Core

Bond

Fund

2,841,189‌

194,730

TIAA-CREF

Core

Plus

Bond

Fund

1,760,359‌

32,405

TIAA-CREF

Emerging

Markets

Debt

Fund

255,678‌

326,730

TIAA-CREF

High-Yield

Fund

2,702,058‌

36,057

TIAA-CREF

International

Bond

Fund

282,324‌

TOTAL

FIXED

INCOME

7,841,608‌

INTERNATIONAL

EQUITY—32.3%

3,492,895

TIAA-CREF

Emerging

Markets

Equity

Fund

26,022,066‌

5,671,161

TIAA-CREF

International

Equity

Fund

68,053,931‌

2,945,176

TIAA-CREF

International

Opportunities

Fund

40,260,553‌

2,316,608

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

21,915,114‌

TOTAL

INTERNATIONAL

EQUITY

156,251,664‌

U.S.

EQUITY—60.0%

835,279

Nuveen

Dividend

Growth

Fund

41,981,145‌

3,379,036

Nuveen

Dividend

Value

Fund

46,056,260‌

2,379,285

Nuveen

Growth

Opportunities

ETF

44,135,737‌

3,201,503

TIAA-CREF

Growth

&

Income

Fund

42,003,713‌

2,537,365

TIAA-CREF

Large-Cap

Growth

Fund

44,378,510‌

2,389,696

TIAA-CREF

Large-Cap

Value

Fund

46,121,135‌

739,503

TIAA-CREF

Quant

Small-Cap

Equity

Fund

12,098,266‌

1,095,049

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

13,939,972‌

TOTAL

U.S.

EQUITY

290,714,738‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

482,865,372‌

(Cost

$490,418,260)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS—0.2%

GOVERNMENT

AGENCY

DEBT—0.2%

$880,000

Federal

Farm

Credit

Bank

(FFCB)

0

.000

%

03/01/23

880,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

880,000‌

TOTAL

SHORT-TERM

INVESTMENTS

880,000‌

(Cost

$880,000)

TOTAL

INVESTMENTS—99.9%

483,745,372‌

(Cost

$491,298,260)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

355,522‌

NET

ASSETS—100.0%

$

484,100,894‌

ETF

Exchange

Traded

Fund

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

the

affiliated

Nuveen

Growth

Opportunities

ETF,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

2/28/23,

the

total

value

of

this

security

amounted

to

$28,057,362

or

5.8%

of

net

assets.

Lifecycle

2065

Fund

February

28,

2023

Portfolio

of

Investments

(unaudited)

20

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.1%a

DIRECT

REAL

ESTATE—5.8%

165,645

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

9/30/20-2/16/23;

cost

$2,061,644)

$

1,992,712‌

TOTAL

DIRECT

REAL

ESTATE

1,992,712‌

FIXED

INCOME—0.5%

398

TIAA-CREF

Core

Bond

Fund

3,593‌

244

TIAA-CREF

Core

Plus

Bond

Fund

2,210‌

219

TIAA-CREF

Emerging

Markets

Debt

Fund

1,724‌

20,912

TIAA-CREF

High-Yield

Fund

172,939‌

221

TIAA-CREF

International

Bond

Fund

1,728‌

TOTAL

FIXED

INCOME

182,194‌

INTERNATIONAL

EQUITY—32.4%

251,011

TIAA-CREF

Emerging

Markets

Equity

Fund

1,870,028‌

407,210

TIAA-CREF

International

Equity

Fund

4,886,522‌

211,505

TIAA-CREF

International

Opportunities

Fund

2,891,280‌

166,297

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

1,573,173‌

TOTAL

INTERNATIONAL

EQUITY

11,221,003‌

U.S.

EQUITY—60.4%

60,017

Nuveen

Dividend

Growth

Fund

3,016,432‌

243,137

Nuveen

Dividend

Value

Fund

3,313,960‌

169,790

Nuveen

Growth

Opportunities

ETF

3,149,604‌

229,987

TIAA-CREF

Growth

&

Income

Fund

3,017,429‌

183,636

TIAA-CREF

Large-Cap

Growth

Fund

3,211,796‌

172,016

TIAA-CREF

Large-Cap

Value

Fund

3,319,911‌

53,017

TIAA-CREF

Quant

Small-Cap

Equity

Fund

867,361‌

78,709

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

1,001,970‌

TOTAL

U.S.

EQUITY

20,898,463‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

34,294,372‌

(Cost

$34,702,172)

PRINCIPAL

ISSUER

RATE

MATURITY

DATE

SHORT-TERM

INVESTMENTS—0.1%

GOVERNMENT

AGENCY

DEBT—0.1%

$40,000

Federal

Home

Loan

Mortgage

Corp

(FHLMC)

0

.000

%

03/01/23

40,000‌

TOTAL

GOVERNMENT

AGENCY

DEBT

40,000‌

TOTAL

SHORT-TERM

INVESTMENTS

40,000‌

(Cost

$40,000)

TOTAL

INVESTMENTS—99.2%

34,334,372‌

(Cost

$34,742,172)

OTHER

ASSETS

&

LIABILITIES,

NET—0.8%

260,778‌

NET

ASSETS—100.0%

$

34,595,150‌

ETF

Exchange

Traded

Fund

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

the

affiliated

Nuveen

Growth

Opportunities

ETF,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

2/28/23,

the

total

value

of

this

security

amounted

to

$1,992,712

or

5.8%

of

net

assets.

Notes

to

portfolios

of

investments

(unaudited)

TIAA-CREF

Lifecycle

Funds

February

28,

2023

21

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: 

In

accordance

with

ASC

820,

certain

portfolio

investments

that

are

measured

at

fair

value

using

the

net

asset

value

("NAV")

per

share

practical

expedient

are

not

categorized

within

the

fair

value

hierarchy.

These

investments

will

be

disclosed

at

their

fair

value

to

allow

reconciliation

back

to

the

schedules

of

investments.

A

description

of

the

valuation

techniques

applied

to

the

Funds’

major

classifications

of

assets

and

liabilities

measured

at

fair

value

follows:

Investments

in

registered

investment

companies:

Investments

in

investment

companies

are

valued

at

their

respective

NAVs

on

the

valuation

date

and

are

generally

classified

as

Level

1.

Investments

in

unregistered

limited

partnerships:

Investments

in

unregistered

limited

partnerships

are

measured

at

fair

value

as

of

the

valuation

date

using

the

NAV

per

share

practical

expedient

and

are

not

classified

within

the

fair

value

hierarchy.

The

following

table

summarizes

the

market

value

of

the

Funds’

investments

as

of

February

28,

2023

,

based

on

the

inputs

used

to

value

them:

Fund

Level

1

Level

2

Level

3

Fair

value

using

practical

expedient

a

Total

Lifecycle

Retirement

Income

Registered

investment

companies

$

428,325,095

$

—

$

—

$

—

$

428,325,095

TIAA-CREF

Real

Property

Fund

LP

—

—

—

26,356,389

26,356,389

Short-term

investments

—

227,000

—

—

227,000

Total

$

428,325,095

$

227,000

$

—

$

26,356,389

$

454,908,484

Lifecycle

2010

Registered

investment

companies

$

833,066,446

$

—

$

—

$

—

$

833,066,446

TIAA-CREF

Real

Property

Fund

LP

—

—

—

37,422,424

37,422,424

Short-term

investments

—

1,334,000

—

—

1,334,000

Total

$

833,066,446

$

1,334,000

$

—

$

37,422,424

$

871,822,870

Lifecycle

2015

Registered

investment

companies

$

1,171,783,793

$

—

$

—

$

—

$

1,171,783,793

TIAA-CREF

Real

Property

Fund

LP

—

—

—

72,112,518

72,112,518

Short-term

investments

—

908,000

—

—

908,000

Total

$

1,171,783,793

$

908,000

$

—

$

72,112,518

$

1,244,804,311

Notes

to

portfolios

of

investments

(unaudited)

TIAA-CREF

Lifecycle

Funds

February

28,

2023

22

concluded

Fund

Level

1

Level

2

Level

3

Fair

value

using

practical

expedient

a

Total

Lifecycle

2020

Registered

investment

companies

$

2,582,793,308

$

—

$

—

$

—

$

2,582,793,308

TIAA-CREF

Real

Property

Fund

LP

—

—

—

158,985,494

158,985,494

Short-term

investments

—

1,271,000

—

—

1,271,000

Total

$

2,582,793,308

$

1,271,000

$

—

$

158,985,494

$

2,743,049,802

Lifecycle

2025

Registered

investment

companies

$

3,775,333,026

$

—

$

—

$

—

$

3,775,333,026

TIAA-CREF

Real

Property

Fund

LP

—

—

—

232,467,118

232,467,118

Short-term

investments

—

4,077,000

—

—

4,077,000

Total

$

3,775,333,026

$

4,077,000

$

—

$

232,467,118

$

4,011,877,144

Lifecycle

2030

Registered

investment

companies

$

4,232,070,371

$

—

$

—

$

—

$

4,232,070,371

TIAA-CREF

Real

Property

Fund

LP

—

—

—

260,696,909

260,696,909

Short-term

investments

—

5,447,000

—

—

5,447,000

Total

$

4,232,070,371

$

5,447,000

$

—

$

260,696,909

$

4,498,214,280

Lifecycle

2035

Registered

investment

companies

$

4,381,996,461

$

—

$

—

$

—

$

4,381,996,461

TIAA-CREF

Real

Property

Fund

LP

—

—

—

270,063,245

270,063,245

Short-term

investments

—

6,525,000

—

—

6,525,000

Total

$

4,381,996,461

$

6,525,000

$

—

$

270,063,245

$

4,658,584,706

Lifecycle

2040

Registered

investment

companies

$

5,267,781,072

$

—

$

—

$

—

$

5,267,781,072

TIAA-CREF

Real

Property

Fund

LP

—

—

—

324,805,946

324,805,946

Short-term

investments

—

5,229,000

—

—

5,229,000

Total

$

5,267,781,072

$

5,229,000

$

—

$

324,805,946

$

5,597,816,018

Lifecycle

2045

Registered

investment

companies

$

3,612,392,601

$

—

$

—

$

—

$

3,612,392,601

TIAA-CREF

Real

Property

Fund

LP

—

—

—

222,799,618

222,799,618

Short-term

investments

—

3,745,000

—

—

3,745,000

Total

$

3,612,392,601

$

3,745,000

$

—

$

222,799,618

$

3,838,937,219

Lifecycle

2050

Registered

investment

companies

$

2,783,094,732

$

—

$

—

$

—

$

2,783,094,732

TIAA-CREF

Real

Property

Fund

LP

—

—

—

171,673,470

171,673,470

Short-term

investments

—

3,612,000

—

—

3,612,000

Total

$

2,783,094,732

$

3,612,000

$

—

$

171,673,470

$

2,958,380,202

Lifecycle

2055

Registered

investment

companies

$

1,310,176,427

$

—

$

—

$

—

$

1,310,176,427

TIAA-CREF

Real

Property

Fund

LP

—

—

—

80,821,359

80,821,359

Short-term

investments

—

1,615,000

—

—

1,615,000

Total

$

1,310,176,427

$

1,615,000

$

—

$

80,821,359

$

1,392,612,786

Lifecycle

2060

Registered

investment

companies

$

454,808,010

$

—

$

—

$

—

$

454,808,010

TIAA-CREF

Real

Property

Fund

LP

—

—

—

28,057,362

28,057,362

Short-term

investments

—

880,000

—

—

880,000

Total

$

454,808,010

$

880,000

$

—

$

28,057,362

$

483,745,372

Lifecycle

2065

Registered

investment

companies

$

32,301,660

$

—

$

—

$

—

$

32,301,660

TIAA-CREF

Real

Property

Fund

LP

—

—

—

1,992,712

1,992,712

Short-term

investments

—

40,000

—

—

40,000

Total

$

32,301,660

$

40,000

$

—

$

1,992,712

$

34,334,372

a

In

accordance

with

ASC

820,

certain

investments

that

are

measured

at

fair

value

using

the

net

asset

value

per

share

practical

expedient

have

not

been

classified

in

the

fair

value

hierarchy.

The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Statements

of

assets

and

liabilities.

A10998-B

(4/23)