UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number File No. 811-09301
TIAA-CREF FUNDS
(Exact Name of Registrant as specified in charter)
730 Third Avenue, New York, New York 10017-3206
(Address of Principal Executive Offices) (Zip code)
John M. McCann, Esq.
TIAA-CREF Funds
8500 Andrew Carnegie Blvd
Charlotte, North Carolina 28262-8500
(Name and address of agent for service)
Registrant’s telephone number, including area code:704-595-1000
Date of fiscal year end:March 31
Date of reporting period:March 31, 2020
Item 1. Reports to Stockholders.
TIAA-CREF Funds | March 31, 2020 | |
TIAA-CREF
Real Estate Securities Fund
The annual report contains the audited financial statements.
Institutional | Advisor | Premier | Retirement | Retail | |
Fund name | Class | Class | Class | Class | Class |
Real Estate Securities Fund | TIREX | TIRHX | TRRPX | TRRSX | TCREX |
Annual
Report
Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the TIAA-CREF Funds’ (the “Funds”) annual and semiannual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, they will be made available on TIAA’s website, TIAA.org, and you will be notified by mail each time a report is posted and provided with a website link to access the report.
If you have already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Funds electronically anytime by either updating your account settings at TIAA.org/eDelivery, if you invest in the Funds directly or hold your Fund shares through a TIAA-affiliated financial intermediary, account or retirement plan (each, a “TIAA Account”), or by contacting your financial intermediary (such as a broker/dealer or bank) through which you hold Fund shares.
If you invest directly with the Funds or through a TIAA Account, you may elect to continue to receive all future shareholder reports in paper free of charge by updating your account settings at TIAA.org/eDelivery or by calling 800-842-2252 during regular business hours. If you invest through another financial intermediary, you can contact your financial intermediary to request that you continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held with the fund complex if you invest directly with the Funds or through a TIAA Account, or to all funds held through your financial intermediary.
Contents
This annual report contains information about the Real Estate Securities Fund and describes the Fund’s results for the twelve months ended March 31, 2020. The report contains four main sections:
• | A letter from Brad Finkle, Chief Operating Officer, Nuveen; President of the TIAA-CREF Funds and TIAA-CREF Life Funds. |
• | The Fund performance section compares the Fund’s investment returns with those of its benchmark index. |
• | The portfolio of investments lists the industries and types of securities in which the Fund had investments as of March 31, 2020. |
• | The financial statements provide detailed information about the operations and financial condition of the Fund. |
The views and opinions expressed in this report are through the end of the period, as stated on the cover of this report. They are subject to change at any time based on a variety of factors. As such, they are not guarantees of future performance or investment results and should not be taken as investment advice. To see the risks of investing in the Fund, please read the latest prospectus.
As always, you should carefully consider the investment objectives, risks, charges and expenses of any fund before investing. For a prospectus that contains this and other important information, please visit our website at TIAA.org, or call 800-842-2252 for the Institutional, Advisor, Premier and Retirement classes or 800-223-1200 for the Retail Class. We urge you to read the prospectus carefully before investing.
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 3 |
Real estate investment trusts (REITs) posted negative results for the twelve months ended March 31, 2020, as the impact of the COVID-19 pandemic disrupted financial markets in the United States. Aggressive action to contain the spread of the virus led to widespread closures of non-essential businesses and limited public activities as stay-at-home advisories were implemented. The Federal Reserve took bold steps in response to the crisis and cut the federal funds target rate twice in March to 0.00%–0.25%, while Congress enacted an unprecedented stimulus plan to inject $2.2 trillion into the economy.
• | REITs, as measured by the FTSE Nareit All Equity REITs Index, returned –15.9% for the twelve months. Please see page 8 for the benchmark definition. |
• | Most of the index’s 16 property sectors and subsectors lost ground, with regional malls, lodging/resorts and shopping centers posting the largest losses. Data centers, which produced a strong gain, were the best performers. |
• | The TIAA-CREF Real Estate Securities Fund (Institutional Class) declined but significantly outperformed its benchmark, mostly due to astute security selection. |
REITs underperformed U.S. stocks and bonds
REITs are a unique asset class because they share some of the characteristics of both stocks and bonds. Similar to bonds, REIT prices can be sensitive to interest-rate fluctuations. However, because REITs invest in individual companies, their performance is also tied to the overall health of the U.S. economy.
For the twelve-month period, the FTSE Nareit All Equity REITs Index trailed the 8.9% gain of the broad U.S. investment-grade fixed-rate bond market, as represented by the Bloomberg Barclays U.S. Aggregate Bond Index. In general, fixed-income securities were bolstered by an investment surge late in the period in high-quality bonds, such as U.S. Treasuries, amid uncertainty surrounding COVID-19. REITs also did not keep pace with the –9.1% return of the U.S. stock market, as measured by the Russell 3000® Index.
It is important to view these returns in context. For most of the period, REITs posted positive returns but understandably struggled when the health and economic implications of the virus became clearer in March 2020. The FTSE Nareit All Equity REITs Index fell 23.4% in the final three months of the period, including a decline of 18.7% in the month of March alone.
4 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
The role of REITs in a diversified portfolio REITs have traditionally earned a place in many portfolios because they are required by law to distribute at least 90% of their taxable income to investors in the form of dividends, while also offering the potential for capital appreciation opportunities. As such, we believe a professionally managed mutual fund of REIT securities can play an integral role in helping investors diversify over the long term, particularly when employed as part of a broader portfolio containing stocks, bonds and other investments. Of course, diversification cannot guarantee against market losses. These are challenging times for all investors. But it’s worth noting that, unlike other periods of shock to the financial system—notably the events of September 11th and the 2007–2008 credit crisis—the U.S. economy was strong when the COVID-19 threat emerged. As always, we cannot predict which direction the markets will take next, but we have confidence in our ability to weather this storm. Now, more than ever, it’s important to remember that you are not going through this uncertain time alone. TIAA is here to support you every step of the way. If you have any questions about your investment in the TIAA-CREF Real Estate Securities Fund, we encourage you to contact your financial advisor or call a TIAA financial consultant at 800-842-2252. We stand ready to assist you.
/s/ Brad Finkle Brad Finkle Chief Operating Officer, Nuveen President of the TIAA-CREF Funds and TIAA-CREF Life Funds | Brad Finkle |
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 5 |
Portfolio holdings
The complete portfolio of investments for the Real Estate Securities Fund begins on page 12 of this report. You can obtain a complete list of the holdings of the Real Estate Securities Fund (Schedule of Investments) as of the most recently completed fiscal quarter in the following ways:
• | By visiting our website at TIAA.org; or |
• | By calling us at 800-842-2252 to request a copy, which will be provided free of charge. |
You can also obtain a complete list of the Real Estate Securities Fund’s portfolio holdings as of the most recently completed fiscal quarter, and for prior quarter-ends, from our Securities and Exchange Commission (SEC) Form N-CSR and Form N-PORT filings. Form N-CSR filings are as of March 31 or September 30; Form N-PORT filings are as of December 31 or June 30. Copies of these forms are available:
• | Through the Electronic Data Gathering and Retrieval System (EDGAR) on the SEC’s website at sec.gov; or |
• | From the SEC’s Office of Investor Education and Advocacy. |
Call 202-551-8090 for more information. |
Proxy voting
The Real Estate Securities Fund’s ownership of stock gives it the right to vote on proxy issues of companies in which it invests. A description of our proxy voting policies and procedures can be found on our website at TIAA.org or on the SEC’s website at sec.gov. You can also call us at 800-842-2252 to request a free copy. A report of how the Fund voted during the most recently completed twelve-month period ended June 30 can be found on our website or on Form N-PX at sec.gov.
Contacting TIAA
There are three easy ways to contact us: by email, using the Contact Us link at the top of our home page; by mail at TIAA, 730 Third Avenue, New York, NY 10017-3206; or by phone at 800-842-2252.
Fund management
The Real Estate Securities Fund is managed by a portfolio management team of Teachers Advisors, LLC. The members of this team are responsible for the day-to-day investment management of the Fund.
6 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Important information about expenses
All shareholders of the TIAA-CREF Funds incur ongoing costs, including management fees and other fund expenses. They may also incur transactional costs for redemptions or account maintenance fees.
The expense example that appears in this report is intended to help you understand your ongoing costs only (in U.S. dollars) and does not reflect transactional costs. The example is designed to help you compare these ongoing costs with the ongoing costs of investing in other mutual funds.
The expenses shown do not include account maintenance fees, which may or may not be applicable, as described in the prospectus. If such fees were included, your total costs for investing in the Fund would be higher. Note also that shareholders of the TIAA-CREF Funds do not incur a sales charge for purchases, reinvested dividends or other distributions.
The example is based on an investment of $1,000 invested at the beginning of the six-month period and held for the entire period (October 1, 2019–March 31, 2020).
Actual expenses
The first line of the two lines listed for each share class in the table uses that class’ actual expenses and its actual rate of return. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the six-month period.
Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading “Expenses paid during period” to estimate the expenses you paid during the six-month period.
Hypothetical example for comparison purposes
The second line in each share class’ entry shows hypothetical account values and expenses based on the share class’ actual expense ratio for the six-month period and an assumed 5%-per-year rate of return before expenses. This was not the share class’ actual return.
This hypothetical example cannot be used to estimate the actual expenses you paid for the period, but rather allows you to compare the ongoing costs of investing in the Fund with the costs of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other mutual funds.
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 7 |
Important information about expenses
Expense example
Six months ended March 31, 2020
Beginning | Ending | Expenses paid | ||||||||||
account value | account value | during period* | ||||||||||
Real Estate Securities Fund | (10/1/19 | ) | (3/31/20 | ) | (10/1/19–3/31/20 | ) | ||||||
Actual return | ||||||||||||
Institutional Class | $ | 1,000.00 | $ | 808.47 | $2.26 | |||||||
Advisor Class | 1,000.00 | 808.01 | 2.80 | |||||||||
Premier Class | 1,000.00 | 807.82 | 2.94 | |||||||||
Retirement Class | 1,000.00 | 807.83 | 3.39 | |||||||||
Retail Class | 1,000.00 | 807.14 | 3.57 | |||||||||
5% annual hypothetical return | ||||||||||||
Institutional Class | 1,000.00 | 1,022.50 | 2.53 | |||||||||
Advisor Class | 1,000.00 | 1,021.90 | 3.13 | |||||||||
Premier Class | 1,000.00 | 1,021.75 | 3.29 | |||||||||
Retirement Class | 1,000.00 | 1,021.25 | 3.79 | |||||||||
Retail Class | 1,000.00 | 1,021.05 | 3.99 |
* | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/366. There were 183 days in the six months ended March 31, 2020. The Fund’s annualized six-month expense ratios for that period were 0.50% for the Institutional Class, 0.62% for the Advisor Class, 0.65% for the Premier Class, 0.75% for the Retirement Class and 0.79% for the Retail Class. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
TheFTSE Nareit All Equity REITs Indexmeasures the performance of certain publicly traded real estate investment trusts in the United States that own, manage and lease investment-grade commercial real estate.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses. For additional details about the benchmark index, please read the Fund’s latest prospectus.
FTSE International Limited (“FTSE”) © FTSE 2020. FTSE® is a trademark of the London Stock Exchange Group companies and is used by FTSE International Limited under license. Nareit® is a trademark of the National Association of Real Estate Investment Trusts (“Nareit”). All intellectual property rights in the Index vest in FTSE and Nareit. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
8 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Performance for the twelve months ended March 31, 2020
The Real Estate Securities Fund returned –10.16% for the Institutional Class, compared with the –15.93% return of its benchmark, the FTSE Nareit All Equity REITs Index. The performance table shows returns for all share classes of the Fund.
Fed took strong action to support economy and financial markets
The U.S. economy expanded at a steady pace for most of the period, but it was rattled by the effects of the COVID-19 pandemic, which hit the United States hard in March 2020. Containment efforts around the world have disrupted business and manufacturing operations, closed restaurants and retail stores, and restricted travel. REITs advanced for most of the period but declined 18.7% in the month of March alone as the global impact of the virus became more apparent.
In March, the Federal Reserve responded to the crisis by taking swift action and substantially lowered the federal funds target rate—a key short-term interest-rate measure—to 0.00%–0.25%. Meanwhile, the federal government enacted a massive stimulus measure to inject $2.2 trillion into the U.S. economy.
For the period, the FTSE Nareit All Equity REITs Index trailed the –9.13% return of the broad U.S. stock market, as measured by the Russell 3000® Index, and the 8.93% return of the broad U.S. investment-grade fixed-rate bond market, as represented by the Bloomberg Barclays U.S. Aggregate Bond Index.
Most sectors posted declines
Among the benchmark’s 16 property sectors and subsectors, most were negative for the period. The largest losses were seen in the regional malls (down 67.6%), lodging/resorts (down 51.3%) and shopping centers (down 46.5%) sectors. The best-performing sector was data centers (up 30.6%).
Fund surpassed its benchmark
For the twelve-month period, the Fund declined but significantly outperformed its benchmark, mostly due to astute security selection. An out-of-benchmark allocation to technology services company GDS Holdings and overweight positions in industrial REIT Rexford Industrial Realty and residential REIT Sun Communities contributed most to the Fund’s relative performance, as all three produced gains.
These positive effects were partly offset by an overweight position in retail REIT SITE Centers, which struggled during the period, followed by underweight positions in office REIT Digital Realty Trust and telecommunication services company Crown Castle International—both of which benefited from strong leasing activity in their respective businesses.
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 9 |
Real Estate Securities Fund
Performance as of March 31, 2020
Real Estate Securities Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||||
Inception date | 1 year | 5 years | 10 years | gross | net | |||||||||||||||||||
Institutional Class | 10/1/02 | –10.16 | % | 3.35 | % | 9.32 | % | 0.51 | % | 0.51 | % | |||||||||||||
Advisor Class | 12/4/15 | –10.27 | 3.26 | † | 9.27 | † | 0.64 | 0.64 | ||||||||||||||||
Premier Class | 9/30/09 | –10.31 | 3.19 | 9.15 | 0.66 | 0.66 | ||||||||||||||||||
Retirement Class | 10/1/02 | –10.39 | 3.09 | 9.04 | 0.76 | 0.76 | ||||||||||||||||||
Retail Class | 10/1/02 | –10.41 | 3.03 | 8.98 | 0.81 | 0.81 | ||||||||||||||||||
FTSE Nareit All Equity REITs Index | — | –15.93 | 1.99 | 8.58 | — | — |
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
* | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2020, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. |
† | The performance shown for the Advisor Class that is prior to its inception date is based on performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class. If these actual expenses had been reflected, the performance of the Advisor Class shown for these periods would have been different because the Advisor Class has different expenses than the Institutional Class. |
10 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Real Estate Securities Fund
$10,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2020. For the purpose of comparison, the graph also shows the change in the value of the Fund’s benchmark during the same period. The performance of the other share classes varies due to differences in expense charges.
Portfolio composition
Sector | % of net assets as of 3/31/2020 |
Specialized REITs | 36.0 |
Residential REITs | 21.1 |
Industrial REITs | 16.5 |
Office REITs | 7.7 |
Retail REITs | 5.3 |
Health care REITs | 5.3 |
Internet services & infrastructure | 2.9 |
Diversified REITs | 1.3 |
Hotel & resort REITs | 0.5 |
Mortgage REITs | 0.3 |
Short-term investments, other assets & liabilities, net | 3.1 |
Total | 100.0 |
Fund profile
as of 3/31/2020 | |
Net assets | $2.16 billion |
Portfolio turnover rate | 39% |
Number of holdings | 58 |
Weighted median market capitalization | $16.56 billion |
Price/earnings ratio (weighted 12-month trailing average)† | 42.2 |
† | Price/earnings ratio is the price of a stock divided by its earnings per share for the past twelve-month period. |
Holdings by company size
Market capitalization | % of equity investments as of 3/31/2020 |
More than $50 billion | 29.8 |
More than $15 billion–$50 billion | 21.4 |
More than $2 billion–$15 billion | 46.6 |
$2 billion or less | 2.2 |
Total | 100.0 |
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 11 |
Real Estate Securities Fund ■ March 31, 2020
Shares | Company | Value | |||||||
COMMON STOCKS—96.9% | |||||||||
DIVERSIFIED REITS—1.3% | |||||||||
650,000 | Colony Capital, Inc | $ | 1,137,500 | ||||||
1,150,000 | Essential Properties Realty Trust, Inc | 15,019,000 | |||||||
650,000 | STORE Capital Corp | 11,778,000 | |||||||
TOTAL DIVERSIFIED REITS | 27,934,500 | ||||||||
HEALTH CARE REITS—5.3% | |||||||||
1,775,000 | Healthpeak Properties Inc | 42,333,750 | |||||||
650,000 | Sabra Healthcare REIT, Inc | 7,098,000 | |||||||
562,500 | Ventas, Inc | 15,075,000 | |||||||
1,075,000 | Welltower, Inc | 49,213,500 | |||||||
TOTAL HEALTH CARE REITS | 113,720,250 | ||||||||
HOTEL & RESORT REITS—0.5% | |||||||||
500,000 | MGM Growth Properties LLC | 11,835,000 | |||||||
TOTAL HOTEL & RESORT REITS | 11,835,000 | ||||||||
INDUSTRIAL REITS—16.5% | |||||||||
1,150,000 | Americold Realty Trust | 39,146,000 | |||||||
800,000 | Duke Realty Corp | 25,904,000 | |||||||
175,000 | EastGroup Properties, Inc | 18,284,000 | |||||||
1,950,000 | Prologis, Inc | 156,721,500 | |||||||
1,950,000 | Rexford Industrial Realty, Inc | 79,969,500 | |||||||
700,000 | Terreno Realty Corp | 36,225,000 | |||||||
TOTAL INDUSTRIAL REITS | 356,250,000 | ||||||||
INTERNET SERVICES & INFRASTRUCTURE—2.9% | |||||||||
880,000 | * | GDS Holdings Ltd (ADR) | 51,013,600 | ||||||
1,800,000 | * | Megaport Ltd | 10,916,461 | ||||||
TOTAL INTERNET SERVICES & INFRASTRUCTURE | 61,930,061 | ||||||||
MORTGAGE REITS—0.3% | |||||||||
650,000 | Starwood Property Trust, Inc | 6,662,500 | |||||||
TOTAL MORTGAGE REITS | 6,662,500 | ||||||||
OFFICE REITS—7.7% | |||||||||
500,000 | Alexandria Real Estate Equities, Inc | 68,530,000 | |||||||
355,000 | Boston Properties, Inc | 32,741,650 | |||||||
1,125,000 | Hudson Pacific Properties | 28,530,000 | |||||||
400,000 | Kilroy Realty Corp | 25,480,000 | |||||||
260,989 | SL Green Realty Corp | 11,248,626 | |||||||
TOTAL OFFICE REITS | 166,530,276 |
12 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund | See notes to financial statements |
Portfolio of investments | continued |
Real Estate Securities Fund ■ March 31, 2020
Shares | Company | Value | ||||||
RESIDENTIAL REITS—21.1% | ||||||||
975,000 | American Homes 4 Rent | $ | 22,620,000 | |||||
390,000 | AvalonBay Communities, Inc | 57,396,300 | ||||||
1,450,000 | Equity Lifestyle Properties, Inc | 83,346,000 | ||||||
1,075,000 | Equity Residential | 66,338,250 | ||||||
160,000 | Essex Property Trust, Inc | 35,238,400 | ||||||
2,600,000 | Invitation Homes, Inc | 55,562,000 | ||||||
450,000 | Mid-America Apartment Communities, Inc | 46,363,500 | ||||||
715,000 | Sun Communities, Inc | 89,267,750 | ||||||
TOTAL RESIDENTIAL REITS | 456,132,200 | |||||||
RETAIL REITS—5.3% | ||||||||
425,000 | Agree Realty Corp | 26,307,500 | ||||||
675,000 | Realty Income Corp | 33,655,500 | ||||||
650,000 | Regency Centers Corp | 24,979,500 | ||||||
290,000 | Simon Property Group, Inc | 15,909,400 | ||||||
2,674,453 | SITE Centers Corp | 13,933,900 | ||||||
TOTAL RETAIL REITS | 114,785,800 | |||||||
SPECIALIZED REITS—36.0% | ||||||||
1,000,000 | American Tower Corp | 217,750,000 | ||||||
730,000 | Crown Castle International Corp | 105,412,000 | ||||||
250,000 | CyrusOne, Inc | 15,437,500 | ||||||
260,000 | Digital Realty Trust, Inc | 36,116,600 | ||||||
228,000 | Equinix, Inc | 142,401,960 | ||||||
375,000 | Extra Space Storage, Inc | 35,910,000 | ||||||
810,000 | Gaming and Leisure Properties, Inc | 22,445,100 | ||||||
230,000 | Public Storage, Inc | 45,680,300 | ||||||
525,000 | QTS Realty Trust, Inc | 30,455,250 | ||||||
275,000 | SBA Communications Corp | 74,241,750 | ||||||
900,000 | Uniti Group, Inc | 5,427,000 | ||||||
1,625,000 | VICI Properties, Inc | 27,040,000 | ||||||
1,000,000 | Weyerhaeuser Co | 16,950,000 | ||||||
TOTAL SPECIALIZED REITS | 775,267,460 | |||||||
TOTAL COMMON STOCKS (Cost $1,744,713,611) | 2,091,048,047 |
See notes to financial statements | TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 13 |
Portfolio of investments | concluded |
Real Estate Securities Fund ■ March 31, 2020
Principal | Issuer | Rate | Maturity date | Value | ||||||||||
SHORT-TERM INVESTMENTS—3.0% | ||||||||||||||
GOVERNMENT AGENCY DEBT—2.3% | ||||||||||||||
$ | 4,020,000 | Federal Home Loan Bank (FHLB) | 0.030–0.050 | % | 04/08/20 | $ | 4,019,945 | |||||||
1,282,000 | FHLB | 0.030–0.700 | 04/13/20 | 1,281,970 | ||||||||||
8,470,000 | FHLB | 0.001–0.040 | 05/26/20 | 8,469,094 | ||||||||||
8,500,000 | FHLB | 0.030–0.070 | 06/15/20 | 8,498,761 | ||||||||||
5,000,000 | FHLB | 0.070 | 06/24/20 | 4,999,184 | ||||||||||
7,972,000 | FHLB | 0.090 | 06/29/20 | 7,970,620 | ||||||||||
1,575,000 | FHLB | 0.080 | 07/27/20 | 1,574,539 | ||||||||||
12,200,000 | FHLB | 0.070 | 10/13/20 | 12,190,748 | ||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 49,004,861 | |||||||||||||
GOVERNMENT AGENCY DEBT—0.7% | ||||||||||||||
13,921,000 | Federal Farm Credit Bank (FFCB) | 0.500 | 04/02/20 | 13,920,973 | ||||||||||
1,000,000 | FFCB | 0.010 | 04/30/20 | 999,944 | ||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 14,920,917 | |||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $63,930,770) | 63,925,778 | |||||||||||||
TOTAL INVESTMENTS—99.9% (Cost $1,808,644,381) | 2,154,973,825 | |||||||||||||
OTHER ASSETS & LIABILITIES, NET—0.1% | 3,517,316 | |||||||||||||
NET ASSETS—100.0% | $ | 2,158,491,141 |
Abbreviation(s):
ADR | American Repository Receipts |
REIT | Real Estate Investment Trust |
* | Non-income producing |
14 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund | See notes to financial statements |
Statement of assets and liabilities
Real Estate Securities Fund ■ March 31, 2020
ASSETS | ||||
Portfolio investments, at value† | $ | 2,154,973,825 | ||
Cash | 789,662 | |||
Receivable from securities transactions | 2,954,555 | |||
Receivable from Fund shares sold | 1,594,556 | |||
Dividends and interest receivable | 8,563,377 | |||
Other | 272,797 | |||
Total assets | 2,169,148,772 | |||
LIABILITIES | ||||
Management fees payable | 934,091 | |||
Service agreement fee payable | 98,410 | |||
Distribution fee payable | 66,518 | |||
Due to affiliates | 34,447 | |||
Payable for securities transactions | 8,170,164 | |||
Payable for Fund shares redeemed | 1,015,664 | |||
Payable for trustee compensation | 158,773 | |||
Accrued expenses and other payables | 179,564 | |||
Total liabilities | 10,657,631 | |||
NET ASSETS | $ | 2,158,491,141 | ||
NET ASSETS CONSIST OF: | ||||
Paid-in-capital | $ | 1,891,852,309 | ||
Total distributable earnings (loss) | 266,638,832 | |||
Net Assets | $ | 2,158,491,141 | ||
INSTITUTIONAL CLASS: | ||||
Net assets | $ | 1,430,142,617 | ||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 100,660,608 | |||
Net asset value per share | $ | 14.21 | ||
ADVISOR CLASS: | ||||
Net assets | $ | 21,688,795 | ||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 1,525,607 | |||
Net asset value per share | $ | 14.22 | ||
PREMIER CLASS: | ||||
Net assets | $ | 44,026,124 | ||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 3,095,840 | |||
Net asset value per share | $ | 14.22 | ||
RETIREMENT CLASS: | ||||
Net assets | $ | 398,673,779 | ||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 26,834,187 | |||
Net asset value per share | $ | 14.86 | ||
RETAIL CLASS: | ||||
Net assets | $ | 263,959,826 | ||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 18,732,236 | |||
Net asset value per share | $ | 14.09 | ||
† Portfolio investments, cost | $ | 1,808,644,381 |
See notes to financial statements | TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 15 |
Real Estate Securities Fund ■ For the year ended March 31, 2020
INVESTMENT INCOME | ||||
Dividends | $ | 62,627,806 | ||
Interest | 1,331,898 | |||
Payment from affiliate | 302,581 | |||
Total income | 64,262,285 | |||
EXPENSES | ||||
Management fees | 12,411,067 | |||
Shareholder servicing — Institutional Class | 7,469 | |||
Shareholder servicing — Advisor Class | 23,137 | |||
Shareholder servicing — Premier Class | 140 | |||
Shareholder servicing — Retirement Class | 1,198,828 | |||
Shareholder servicing — Retail Class | 122,711 | |||
Distribution fees — Premier Class | 99,319 | |||
Distribution fees — Retail Class | 742,633 | |||
Administrative service fees | 116,475 | |||
Trustee fees and expenses | 31,438 | |||
Other expenses | 445,962 | |||
Total expenses | 15,199,179 | |||
Net investment income (loss) | 49,063,106 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON TOTAL INVESTMENTS | ||||
Realized gain (loss): | ||||
Portfolio investments | 17,090,863 | |||
Foreign currency transactions | (14,550 | ) | ||
Net realized gain (loss) on total investments | 17,076,313 | |||
Net change in unrealized appreciation (depreciation) on total investments | (317,323,031 | ) | ||
Net realized and unrealized gain (loss) on total investments | (300,246,718 | ) | ||
Net increase (decrease) in net assets from operations | $ | (251,183,612 | ) |
16 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund | See notes to financial statements |
Statements of changes in net assets
Real Estate Securities Fund ■ For the year ended
March 31, 2020 | March 31, 2019 | |||||||||
OPERATIONS | ||||||||||
Net investment income (loss) | $ | 49,063,106 | $ | 42,793,454 | ||||||
Net realized gain (loss) on total investments | 17,076,313 | 37,194,530 | ||||||||
Net change in unrealized appreciation (depreciation) on total investments | (317,323,031 | ) | 288,809,624 | |||||||
Net increase (decrease) in net assets from operations | (251,183,612 | ) | 368,797,608 | |||||||
DISTRIBUTIONS TO SHAREHOLDERS | ||||||||||
Institutional Class | (112,689,391 | ) | (45,428,164 | ) | ||||||
Advisor Class | (1,424,454 | ) | (71,605 | ) | ||||||
Premier Class | (3,714,969 | ) | (2,130,333 | ) | ||||||
Retirement Class | (28,450,093 | ) | (10,747,325 | ) | ||||||
Retail Class | (19,101,670 | ) | (6,888,099 | ) | ||||||
Total distributions | (165,380,577 | ) | (65,265,526 | ) | ||||||
SHAREHOLDER TRANSACTIONS | ||||||||||
Subscriptions: | Institutional Class | 463,216,863 | 235,149,394 | |||||||
Advisor Class | 40,647,619 | 4,227,302 | ||||||||
Premier Class | 11,494,447 | 11,003,016 | ||||||||
Retirement Class | 77,265,402 | 38,730,225 | ||||||||
Retail Class | 111,171,217 | 24,347,837 | ||||||||
Reinvestments of distributions: | Institutional Class | 106,877,507 | 45,352,947 | |||||||
Advisor Class | 1,409,599 | 68,234 | ||||||||
Premier Class | 3,714,317 | 2,130,079 | ||||||||
Retirement Class | 28,449,867 | 10,746,952 | ||||||||
Retail Class | 18,220,255 | 6,510,153 | ||||||||
Redemptions: | Institutional Class | (450,403,787 | ) | (202,117,221 | ) | |||||
Advisor Class | (20,909,263 | ) | (591,761 | ) | ||||||
Premier Class | (42,211,656 | ) | (24,608,485 | ) | ||||||
Retirement Class | (54,545,829 | ) | (29,768,910 | ) | ||||||
Retail Class | (62,838,783 | ) | (33,963,216 | ) | ||||||
Net increase (decrease) from shareholder transactions | 231,557,775 | 87,216,546 | ||||||||
Net increase (decrease) in net assets | (185,006,414 | ) | 390,748,628 | |||||||
NET ASSETS | ||||||||||
Beginning of period | 2,343,497,555 | 1,952,748,927 | ||||||||
End of period | $ | 2,158,491,141 | $ | 2,343,497,555 |
See notes to financial statements | TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 17 |
Statements of changes in net assets | concluded |
Real Estate Securities Fund ■ For the year ended
March 31, 2020 | March 31, 2019 | |||||||||
CHANGE IN FUND SHARES | ||||||||||
Shares sold: | Institutional Class | 25,925,346 | 15,301,662 | |||||||
Advisor Class | 2,330,756 | 267,847 | ||||||||
Premier Class | 653,541 | 706,565 | ||||||||
Retirement Class | 4,153,421 | 2,389,925 | ||||||||
Retail Class | 6,284,808 | 1,593,547 | ||||||||
Shares reinvested: | Institutional Class | 6,245,330 | 2,872,596 | |||||||
Advisor Class | 82,676 | 4,286 | ||||||||
Premier Class | 215,881 | 134,882 | ||||||||
Retirement Class | 1,588,105 | 653,490 | ||||||||
Retail Class | 1,073,178 | 415,946 | ||||||||
Shares redeemed: | Institutional Class | (25,249,177 | ) | (13,120,071 | ) | |||||
Advisor Class | (1,205,588 | ) | (38,661 | ) | ||||||
Premier Class | (2,366,418 | ) | (1,657,992 | ) | ||||||
Retirement Class | (3,058,627 | ) | (1,860,513 | ) | ||||||
Retail Class | (3,767,729 | ) | (2,217,333 | ) | ||||||
Net increase (decrease) from shareholder transactions | 12,905,503 | 5,446,176 |
18 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund | See notes to financial statements |
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TIAA-CREF Real Estate Securities Fund ■ 2019 Annual Report | 19 |
Real Estate Securities Fund
Selected per share data | Ratios and supplemental data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net realized | Ratios to average net assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the | Net asset | Net | & unrealized | Total gain | Less distributions from | Total | Net asset | Total return | Net assets | Net | Net investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||
period | value, | investment | gain (loss | ) | (loss) from | Net | Net | dividends | value, | excluding | at end of | investment | income (loss | ) | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||||||
or year ended | beginning of period | income (loss | )a | on total investments | investment operations | investment income | realized gains | and distributions | end of period | Total return | payment from affiliates | u | period (in thousands | ) | Gross expense | Net expense | income (loss | ) | excluding payments from affiliates | u | turnover rate | |||||||||||||||||||||||||||||||||||||||||||
Institutional Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/31/20 | $16.88 | $0.35 | $(1.89 | ) | $(1.54 | ) | $(0.33 | ) | $(0.80 | ) | $(1.13 | ) | $14.21 | (10.16 | )% | (10.17 | )% | $1,430,143 | 0.50 | % | 0.50 | % | 1.95 | % | 1.94 | % | 39 | % | ||||||||||||||||||||||||||||||||||||
3/31/19 | 14.65 | 0.33 | 2.40 | 2.73 | (0.36 | ) | (0.14 | ) | (0.50 | ) | 16.88 | 18.91 | 18.90 | 1,582,056 | 0.51 | 0.51 | 2.13 | 2.12 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/18 | 15.31 | 0.32 | 0.26 | 0.58 | (0.28 | ) | (0.96 | ) | (1.24 | ) | 14.65 | 3.45 | 3.44 | 1,298,830 | 0.51 | 0.51 | 2.08 | 2.07 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/17 | 15.44 | 0.27 | 0.15 | 0.42 | (0.32 | ) | (0.23 | ) | (0.55 | ) | 15.31 | 2.82 | 2.79 | 1,448,714 | 0.51 | 0.50 | 1.79 | 1.76 | 52 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/16 | 15.92 | 0.36 | 0.15 | 0.51 | (0.34 | ) | (0.65 | ) | (0.99 | ) | 15.44 | 3.76 | 3.76 | 1,288,020 | 0.51 | 0.47 | 2.44 | 2.44 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Advisor Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/31/20 | 16.89 | 0.32 | (1.88 | ) | (1.56 | ) | (0.31 | ) | (0.80 | ) | (1.11 | ) | 14.22 | (10.27 | ) | (10.28 | ) | 21,689 | 0.62 | 0.62 | 1.79 | 1.78 | 39 | |||||||||||||||||||||||||||||||||||||||||
3/31/19 | 14.66 | 0.18 | 2.54 | 2.72 | (0.35 | ) | (0.14 | ) | (0.49 | ) | 16.89 | 18.76 | 18.75 | 5,366 | 0.64 | 0.64 | 1.19 | 1.18 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/18 | 15.32 | 0.31 | 0.25 | 0.56 | (0.26 | ) | (0.96 | ) | (1.22 | ) | 14.66 | 3.31 | 3.30 | 1,235 | 0.65 | 0.65 | 1.98 | 1.98 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/17 | 15.44 | 0.18 | 0.24 | 0.42 | (0.31 | ) | (0.23 | ) | (0.54 | ) | 15.32 | 2.82 | 2.80 | 579 | 0.56 | 0.56 | 1.20 | 1.18 | 52 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/16 | ‡ | 15.38 | 0.11 | 0.80 | 0.91 | (0.20 | ) | (0.65 | ) | (0.85 | ) | 15.44 | 6.37 | b | 6.37 | b | 107 | 0.73 | c | 0.61 | c | 2.47 | c | 2.47 | c | 33 | ||||||||||||||||||||||||||||||||||||||
Premier Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/31/20 | 16.89 | 0.32 | (1.88 | ) | (1.56 | ) | (0.31 | ) | (0.80 | ) | (1.11 | ) | 14.22 | (10.31 | ) | (10.32 | ) | 44,026 | 0.65 | 0.65 | 1.80 | 1.79 | 39 | |||||||||||||||||||||||||||||||||||||||||
3/31/19 | 14.66 | 0.30 | 2.41 | 2.71 | (0.34 | ) | (0.14 | ) | (0.48 | ) | 16.89 | 18.72 | 18.71 | 77,572 | 0.66 | 0.66 | 1.97 | 1.96 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/18 | 15.32 | 0.30 | 0.25 | 0.55 | (0.25 | ) | (0.96 | ) | (1.21 | ) | 14.66 | 3.28 | 3.27 | 79,281 | 0.66 | 0.66 | 1.94 | 1.94 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/17 | 15.44 | 0.25 | 0.16 | 0.41 | (0.30 | ) | (0.23 | ) | (0.53 | ) | 15.32 | 2.73 | 2.70 | 94,236 | 0.66 | 0.65 | 1.66 | 1.63 | 52 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/16 | 15.93 | 0.34 | 0.14 | 0.48 | (0.32 | ) | (0.65 | ) | (0.97 | ) | 15.44 | 3.54 | 3.54 | 85,298 | 0.66 | 0.61 | 2.31 | 2.31 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Retirement Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/31/20 | 17.60 | 0.32 | (1.97 | ) | (1.65 | ) | (0.29 | ) | (0.80 | ) | (1.09 | ) | 14.86 | (10.39 | ) | (10.40 | ) | 398,674 | 0.75 | 0.75 | 1.70 | 1.69 | 39 | |||||||||||||||||||||||||||||||||||||||||
3/31/19 | 15.25 | 0.30 | 2.51 | 2.81 | (0.32 | ) | (0.14 | ) | (0.46 | ) | 17.60 | 18.67 | 18.66 | 424,963 | 0.76 | 0.76 | 1.88 | 1.87 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/18 | 15.90 | 0.30 | 0.25 | 0.55 | (0.24 | ) | (0.96 | ) | (1.20 | ) | 15.25 | 3.12 | 3.11 | 350,291 | 0.76 | 0.76 | 1.85 | 1.84 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/17 | 16.00 | 0.25 | 0.16 | 0.41 | (0.28 | ) | (0.23 | ) | (0.51 | ) | 15.90 | 2.66 | 2.63 | 335,327 | 0.76 | 0.75 | 1.58 | 1.55 | 52 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/16 | 16.47 | 0.34 | 0.14 | 0.48 | (0.30 | ) | (0.65 | ) | (0.95 | ) | 16.00 | 3.42 | 3.42 | 317,204 | 0.76 | 0.72 | 2.19 | 2.19 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Retail Class | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/31/20 | 16.74 | 0.29 | (1.86 | ) | (1.57 | ) | (0.28 | ) | (0.80 | ) | (1.08 | ) | 14.09 | (10.41 | ) | (10.42 | ) | 263,960 | 0.79 | 0.79 | 1.66 | 1.65 | 39 | |||||||||||||||||||||||||||||||||||||||||
3/31/19 | 14.54 | 0.28 | 2.38 | 2.66 | (0.32 | ) | (0.14 | ) | (0.46 | ) | 16.74 | 18.50 | 18.49 | 253,540 | 0.81 | 0.81 | 1.86 | 1.85 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/18 | 15.21 | 0.28 | 0.24 | 0.52 | (0.23 | ) | (0.96 | ) | (1.19 | ) | 14.54 | 3.09 | 3.08 | 223,112 | 0.81 | 0.81 | 1.79 | 1.78 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/17 | 15.33 | 0.24 | 0.14 | 0.38 | (0.27 | ) | (0.23 | ) | (0.50 | ) | 15.21 | 2.59 | 2.56 | 225,844 | 0.82 | 0.81 | 1.55 | 1.52 | 52 | |||||||||||||||||||||||||||||||||||||||||||||
3/31/16 | 15.82 | 0.32 | 0.14 | 0.46 | (0.30 | ) | (0.65 | ) | (0.95 | ) | 15.33 | 3.40 | 3.40 | 234,588 | 0.82 | 0.77 | 2.15 | 2.15 | 33 |
‡ | Advisor Class commenced operations on December 4, 2015. |
a | Based on average shares outstanding. |
b | The percentages shown for this period are not annualized. |
c | The percentages shown for this period are annualized. |
u | Income reflects voluntary compensation from Advisors in amounts that approximate a portion of the cost of research services obtained from broker-dealers and research providers if Advisors had purchased the research services directly. The total return and net investment income ratio displayed excludes this item. |
20 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund | See notes to financial statements | See notes to financial statements | TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 21 |
Real Estate Securities Fund
Note 1—organization and significant accounting policies
The TIAA-CREF Real Estate Securities Fund (the “Fund”) is one of the investment portfolios of the TIAA-CREF Funds (the “Trust”), a Delaware statutory trust that is registered with the U.S. Securities and Exchange Commission (“Commission”) under the Investment Company Act of 1940, as amended (“1940 Act”), as an open-end management investment company.
The Fund offers its shares, without a sales load, through its principal underwriter, Nuveen Securities, LLC (“Nuveen Securities”), which is a wholly owned indirect subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”). Prior to September 30, 2019, Teachers Personal Investor Services (“TPIS”) was the distributor of each share class. Effective September 30, 2019, TPIS merged into Nuveen Securities and Nuveen Securities became the distributor of each share class. Teachers Advisors, LLC (“Advisors”), a wholly owned indirect subsidiary of TIAA, is registered with the Commission as an investment adviser and provides investment management services for the Fund. The Fund offers five share classes: Institutional, Advisor, Premier, Retirement and Retail Classes of shares. Each class differs by the allocation of class-specific expenses and voting rights in matters affecting a single class.
The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require the use of estimates made by management and the evaluation of subsequent events. Actual results may differ from those estimates. The Fund is an investment company and follows the accounting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 946,Financial Services—Investment Companies. The Net Asset Value (“NAV”) for financial reporting purposes may differ from the NAV for processing transactions. The NAV for financial reporting purposes includes security and shareholder transactions through the date of the report. Total return is computed based on the NAV used for processing transactions. The following is a summary of the significant accounting policies consistently followed by the Fund.
Other matters: The outbreak of the novel coronavirus (“COVID-19”) and subsequent global pandemic began significantly impacting the U.S. and global financial markets and economies during the quarter ended March 31, 2020. The worldwide spread of COVID-19 has created significant uncertainty in the global economy. The duration and extent of COVID-19 over the long-term cannot be reasonably estimated at this time. There have been no comparable recent events that provide guidance as to the effect the spread of COVID-19 as a global pandemic may have on the Fund’s financial performance. The ultimate impact of COVID-19 and the extent to which COVID-19 impacts the Fund’s normal course of business, results of operations, investments, and cash flows will depend on future developments, which are highly uncertain and difficult to predict. Management continues to monitor and evaluate this situation.
22 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Security valuation: The Fund’s investments in securities are recorded at their estimated fair value as described in the valuation of investments note to the financial statements.
Investments and investment income:Securities transactions are accounted for as of the trade date for financial reporting purposes. Interest income is recorded as earned and includes accretion of discounts and amortization of premiums using the effective yield method. Dividend income is recorded on the ex-dividend date. Foreign dividend income is recorded on the ex-dividend date or as soon as possible after the Fund determines the existence of a dividend declaration after exercising reasonable due diligence. Realized gains and losses on securities transactions are based upon the specific identification method. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments and/or as a realized gain. The Fund estimates the components of distributions received that may be considered return of capital distributions or capital gain distributions. In many cases, these estimates are based on data from the prior calendar year end.
Income, expenses, realized gains and losses and unrealized appreciation and depreciation of the Fund are allocated on a pro rata basis to each class of shares of the Fund, except for service agreement fees, distribution fees and transfer agency fees and expenses, which are unique to each class of shares. Most expenses of the Trust can be directly attributed to a fund. Expenses that cannot be directly attributed are allocated to each fund in the Trust based upon the average net assets of each fund.
Foreign currency transactions and translation: Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day using exchange rates obtained from an independent third party. Purchases and sales of securities, income, and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on realized and unrealized security gains and losses is reflected as a component of security gains and losses.
Distributions to shareholders: Distributions to shareholders, which are determined in accordance with income tax regulations, are recorded on the ex-dividend date.
Income taxes: The Fund intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code (“Code”) and will not be subject to income taxes to the extent that the Fund distributes all taxable income each year and complies with various other Code requirements. The Fund files income tax returns in U.S. federal and applicable state and local jurisdictions. The Fund’s federal income tax returns are generally subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to examination for an additional period of time depending on the jurisdiction. Management has analyzed the Fund’s tax positions taken for all open federal income tax years and has concluded that no provision for federal income tax is required in the Fund’s financial statements.
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 23 |
Notes to financial statements
The timing and character of income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. GAAP. Reclassifications are made to the Fund’s capital accounts for permanent tax differences to reflect income and gains available for distribution (or available capital loss carryforwards) under income tax regulations.
For the year ended March 31, 2020, permanent book and tax differences resulting primarily from differing treatments for foreign currency transactions, distribution reallocations, and the utilization of tax equalization credits were identified and reclassified among the components of the Fund’s net assets. Net investment income and net realized gains (losses), as disclosed on the Statement of operations, and net assets were not affected by these reclassifications.
Foreign taxes: The Fund may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Fund will accrue such taxes and recoveries as applicable, based upon the current interpretation of tax rules and regulations that exist in the markets in which the Fund invests.
Trustee compensation: The Fund pays the members of the Board of Trustees (“Board”), all of whom are independent, certain remuneration for their services, plus travel and other expenses. Trustees may elect to participate in a deferred compensation plan and defer all or a portion of their compensation. In addition, trustees participate in a long-term compensation plan. Amounts deferred are retained by the Fund until paid. Amounts payable to the trustees for compensation are included separately in the accompanying Statement of assets and liabilities. Trustees’ fees, including any deferred and long-term compensation incurred, are reflected in the Statement of operations.
Indemnification: In the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties and that provide general indemnities. The Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims against the Fund that have not yet occurred. Also, under the Fund’s organizational documents, the trustees and officers of the Fund are indemnified against certain liabilities that may arise out of their duties to the Fund. However, based on experience, the Fund expects the risk of loss due to these warranties and indemnities to be unlikely.
New rule issuances: In October 2016, the Commission issued Final Rule Release No. 33-10233,Investment Company Liquidity Risk Management Programs. This final rule requires Funds to establish a liquidity risk management program and enhances disclosures regarding funds’ liquidity. The requirements of this final rule were implemented on June 1, 2019 and did not have a material impact on the Fund’s financial statements and various filings.
24 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
continued
Note 2—valuation of investments
Portfolio investments are valued at fair value utilizing various valuation methods approved by the Board. U.S. GAAP establishes a hierarchy that prioritizes market inputs to valuation methods. The three levels of inputs are:
• | Level 1 – quoted prices in active markets for identical securities |
• | Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.) |
• | Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments) |
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized as Level 3. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
A description of the valuation techniques applied to the Fund’s major categories of assets and liabilities measured at fair value follows:
Debt securities: Debt securities will generally be valued using prices provided by a pricing service that may employ various indications of value including but not limited to broker-dealer quotations. Certain debt securities, other than money market instruments, are valued based on the most recent bid price or the equivalent quoted yield for such securities (or those of comparable maturity, quality and type). Debt securities are generally categorized as Level 2 of the fair value hierarchy; in instances where prices, yields or any other key inputs are unobservable, they are categorized as Level 3 of the hierarchy.
Exchange-traded equity securities, common and preferred stock: Equity securities listed or traded on a national market or exchange are valued based on their sale price at the official close of business of such market or exchange on the valuation date, or if there is no official close of business, the latest sale price, or at the mean of the latest available bid and asked prices if no sale is reported. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Foreign equity securities are valued at the last sale price or official closing price reported on the exchange where traded and converted to U.S. dollars at the prevailing rates of exchange on the date of valuation. For events affecting the value of foreign securities between the time when the exchange on which they are traded closes and the time when the Fund’s net assets are calculated, such securities will be valued at fair value in accordance with
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 25 |
Notes to financial statements
procedures adopted by the Board. Foreign securities are generally categorized as Level 2 of the fair value hierarchy.
Investments in registered investment companies: These investments are valued at their NAV on the valuation date. These investments are categorized as Level 1 of the fair value hierarchy.
Any portfolio security for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued at fair value, as determined in good faith using procedures approved by the Board. To the extent the inputs are observable and timely, the values would be categorized as Level 2 of the fair value hierarchy; otherwise they would be categorized as Level 3.
The following table summarizes the market value of the Fund’s investments as of March 31, 2020, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Equity investments: | ||||||||||||||||
Internet services & infrastructure | $ | 51,013,600 | $ | 10,916,461 | $ | — | $ | 61,930,061 | ||||||||
All other equity investments* | 2,029,117,986 | — | — | 2,029,117,986 | ||||||||||||
Short-term investments | — | 63,925,778 | — | 63,925,778 | ||||||||||||
Total | $ | 2,080,131,586 | $ | 74,842,239 | $ | — | $ | 2,154,973,825 |
* | For detailed categories, see the accompanying Portfolio of investments. |
Note 3—investment adviser and affiliates
Under the terms of its Investment Management Agreement, the Fund pays Advisors a monthly fee based on the annual rate of between 0.35% and 0.50% of the Fund’s average daily net assets for the management of the Fund’s investment portfolio. The investment management fee effective rate is 0.47% as of March 31, 2020. The fee range represents a breakpoint schedule that reduces investment management fees as the Fund’s net assets increase. The Fund has also entered into an Administrative Service Agreement with Advisors under which the Fund pays Advisors for its costs in providing certain administrative and compliance services to the Fund.
Under the terms of a Retirement Class Service Agreement, the Retirement Class of the Fund pays Advisors a monthly fee based on the annual rate of 0.25% of the Fund’s average daily net assets attributable to Retirement Class shares of the Fund for providing certain administrative services related to the maintenance of Retirement Class shares on retirement plan or other platforms. Substantially all of the Retirement Class shareholder servicing fees reported on the Statement of operations are paid to Advisors under the Service Agreement. Under the terms of a distribution Rule 12b-1 plan, the Retail Class shares of the Fund compensated Nuveen Securities for providing distribution, promotional, and shareholder services to the Retail Class shares of the Fund at the annual rate of 0.25% of the average daily net assets attributable to the Fund’s Retail Class. The Premier Class of the Fund is subject to a distribution Rule 12b-1 plan that compensated Nuveen Securities for
26 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
continued
providing distribution, promotional, and shareholder services to the Premier Class of the Fund at the annual rate of 0.15% of the average daily net assets attributable to the Fund’s Premier Class shares.
Advisors has agreed to reimburse the Fund if its total expense ratio (excluding interest, taxes, brokerage commissions and other transactional expenses, acquired fund fees and expenses and extraordinary expenses) exceeds 0.57% of average daily net assets for the Institutional Class shares; 0.72% of average daily net assets for the Advisor Class shares; 0.72% of average daily net assets for the Premier Class shares; 0.82% of average daily net assets for the Retirement Class shares; and 0.96% of the average daily net assets for the Retail Class shares. The expense reimbursement arrangements will continue through at least July 31, 2020, unless changed with approval of the Board.
Income, reflected in Payment from affiliate on the Statement of operations, reflects voluntary compensation from Advisors in amounts that approximate a portion of the cost of research services obtained from broker-dealers and research providers if Advisors had purchased the research services directly.
The Fund may purchase or sell investment securities in transactions with affiliated entities under procedures adopted by the Board, pursuant to the 1940 Act. These transactions are effected at market rates without incurring broker commissions. For the year ended March 31, 2020, these transactions did not materially impact the Fund.
At March 31, 2020, TIAA Access, a registered separate account of TIAA, owned 13% of the Fund’s shares.
TIAA-CREF Tuition Financing, Inc. (“TFI”), a wholly owned direct subsidiary of TIAA, is a registered investment adviser that provides program management services to multiple qualified tuition programs formed under Section 529 of the Internal Revenue Code (“529 Plans”). These 529 Plans, each of which operates independently, invest a portion of their assets in the Fund. As of March 31, 2020, one 529 Plan owned 10% of the Real Estate Securities Fund.
Companies in which the Fund holds 5% or more of the outstanding voting shares are considered “affiliated companies” of the Fund, pursuant to the 1940 Act. As of March 31, 2020, there were no affiliated investments.
Note 4—investments
Net unrealized appreciation (depreciation): At March 31, 2020, net unrealized appreciation (depreciation) based on the aggregate cost of all investments for federal income tax purposes, consisting of gross unrealized appreciation and gross unrealized depreciation, was as follows:
Tax cost | Gross unrealized appreciation | Gross unrealized (depreciation | ) | Net unrealized appreciation (depreciation | ) | |||||||||
$ | 1,854,434,097 | $ | 538,084,772 | $ | (237,545,044 | ) | $ | 300,539,728 |
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 27 |
Notes to financial statements
For purposes of this disclosure, tax cost generally includes the cost of portfolio investments as well as upfront fees or premiums exchanged on derivatives and any amounts unrealized for income statement reporting but realized in income and/or capital gains for tax reporting.
Purchases and sales: Purchases and sales of securities (other than short-term instruments) for the Fund for the year ended March 31, 2020 were as follows:
Non-U.S. government purchases | Non-U.S. government sales | |||||
$1,137,249,108 | $977,167,437 |
Note 5—distributions to shareholders and other tax items
The tax character of distributions paid to shareholders during the year ended March 31, 2020 and the year ended March 31, 2019 was as follows:
Ordinary income | Long-term capital gains | Total | |||||
3/31/2020 | $65,151,969 | $100,228,608 | $165,380,577 | ||||
3/31/2019 | 47,026,913 | 18,238,613 | 65,265,526 |
As of March 31, 2020, the components of accumulated earnings on a tax basis consisted of $4,543,512 of undistributed ordinary income, ($38,302,463) of late-year loss deferrals and $300,539,728 of unrealized appreciation.
The difference between book basis and tax basis net investment income, net realized gains and losses, and unrealized appreciation and depreciation is attributable primarily to the tax deferral of losses on wash sales, late-year loss deferrals, the utilization of tax equalization credits and the treatment of short term gain as ordinary income for tax purposes.
Note 6—inter-fund lending program
Pursuant to an exemptive order issued by the Commission, the Fund may participate in an inter-fund lending program. This program allows the Fund to lend cash to and/or borrow cash from certain other affiliated Funds for temporary purposes (e.g., to satisfy redemption requests or to cover unanticipated cash shortfalls). The program is subject to a number of conditions, including the requirement that the Fund may not borrow or lend money under the program unless it receives a more favorable interest rate than is available from a bank or other financial institution for a comparable transaction. In addition, the Fund may participate in the program only if its participation is consistent with the Fund’s investment policies and limitations and authorized by its portfolio manager(s). During the year ended March 31, 2020, there were no inter-fund borrowing or lending transactions.
28 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
concluded
Note 7—line of credit
The Fund participates in a $1 billion unsecured revolving credit facility that can be used for temporary purposes, including, without limitation, the funding of shareholder redemptions. The current facility was entered into on June 18, 2019 expiring on June 16, 2020, replacing the previous $1.25 billion facility, which expired June 2019. Certain affiliated accounts and mutual funds, each of which is managed by Advisors, or an affiliate of Advisors, also participate in this facility. An annual commitment fee for the credit facility is borne by the participating accounts and mutual funds on a pro rata basis. Interest associated with any borrowing under the facility is charged to the borrowing accounts or mutual funds at a specified rate of interest. The Fund is not liable for borrowings under the facility by other affiliated accounts or mutual funds. For the year ended March 31, 2020, there were no borrowings under this credit facility by the Fund.
Note 8—subsequent events
Advisors has agreed to implement a voluntary waiver reducing the management fee breakpoint schedule for the Real Estate Securities Fund for one year effective May 1, 2020. This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. During this one-year period the range paid to Advisors is as follows:
Fund | Waiver | Investment management fee range | ||
Real Estate Securities | 0.025% | 0.325%–0.475% |
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 29 |
Report of independent registered public accounting firm
To the Board of Trustees of TIAA-CREF Funds and Shareholders of TIAA-CREF Real Estate Securities Fund
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the portfolio of investments, of TIAA-CREF Real Estate Securities Fund (one of the funds constituting TIAA-CREF Funds, hereafter referred to as the “Fund”) as of March 31, 2020, the related statement of operations for the year ended March 31, 2020, the statement of changes in net assets for each of the two years in the period ended March 31, 2020, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of March 31, 2020, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended March 31, 2020 and the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of March 31, 2020 by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
Baltimore, Maryland
May 22, 2020
We have served as the auditor of one or more investment companies in TIAA-CREF Funds’ investment company group since 2005.
30 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Important tax information(unaudited)
For the year ended March 31, 2020, the Fund designates distributions of $0 and $102,228,608 (or the maximum amount allowable), as being from Section 1250 gains and net long-term capital gains, respectively.
For the year ended March 31, 2020, the Fund designates 2.7% (or the maximum amount allowable) of ordinary income dividends paid as qualified dividend income.
For the year ended March 31, 2020, the Fund designates 2.7% (or the maximum amount allowable) of ordinary income dividends paid as qualifying for the corporate dividends received deduction.
The information and distributions reported herein may differ from the information and distributions reported to shareholders for the calendar year ending December 31, 2020, which will be reported in conjunction with your 2020 Form 1099-DIV.
By early 2021, shareholders should receive their Form 1099-DIV and a tax information letter from the Fund. For your specific situation, we recommend that you consult a professional tax adviser.
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 31 |
Trustees and officers(unaudited)
TIAA-CREF Funds ■ April 24, 2020
Trustees
Name, Address and Year of Birth (“YOB”) | Position(s) Held with Fund | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee | Other Directorship(s) Held by Trustee | |||||
Forrest Berkley c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1954 | Trustee | Indefinite term. Trustee since 2006. | Retired Partner (since 2006), Partner (1990–2005) and Head of Global Product Management (2003–2005), GMO (formerly, Grantham, Mayo, Van Otterloo & Co.) (investment management); and member of asset allocation portfolio management team, GMO (2003–2005). | 89 | Director, Save the Children Federation, Inc.; Investment Committee Member, Maine Community Foundation. | |||||
Joseph A. Boateng c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1963 | Trustee | Indefinite term. Trustee since 2019. | Chief Investment Officer, Casey Family Programs (since 2007). Director of U.S. Pension Plans at Johnson & Johnson (2002–2006). Manager, Financial Services Consultant, KPMG Consulting (2000–2002). | 89 | Board member, Year Up Puget Sound and Waterside School; Investment Advisory Committee Chair, Seattle City Employees’ Retirement System; Investment Committee member, The Seattle Foundation. | |||||
Janice C. Eberly c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1962 | Trustee | Indefinite term. Trustee since 2018. | James R. and Helen D. Russell Professor of Finance at the Kellogg School of Management at Northwestern University (2002–2011 and since 2013), and Chair of the Finance Department (2005–2007). Vice President, American Economic Association (since 2020). Assistant Secretary for Economic Policy at the United States Department of the Treasury (2011–2013). | 89 | Member of the Board of the Office of Finance, Federal Home Loan Banks; Director, Avant, LLC; Member of the Executive Board, American Economic Association |
32 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Nancy A. Eckl c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1962 | Trustee | Indefinite term. Trustee since 2007. | Vice President (1990–2006), American Beacon Advisors, Inc., and certain funds advised by American Beacon Advisors, Inc. | 89 | Independent Director, The Lazard Funds, Inc., Lazard Retirement Series, Inc., and Lazard Global Total Return and Income Fund, Inc. | |||||
Michael A. Forrester c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1967 | Trustee | Indefinite term. Trustee since 2007. | Chief Executive Officer (since 2014) and Chief Operating Officer (2007–2014), Copper Rock Capital Partners, LLC. Chief Operating Officer, DDJ Capital Management (2003–2006). | 89 | Director, Copper Rock Capital Partners, LLC (investment adviser); Trustee, Dexter Southfield School. | |||||
Howell E. Jackson c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1954 | Trustee | Indefinite term. Trustee since 2005. | James S. Reid, Jr. Professor of Law (since 2004), Senior Advisor to the President and Provost (2010–2012), Acting Dean (2009), Vice Dean for Budget (2003–2006) and on the faculty (since 1989) of Harvard Law School. | 89 | Director, Commonwealth (non-profit organization). | |||||
Thomas J. Kenny c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1963 | Chairman of the Board and Trustee | Indefinite term. Chairman for term ending July 1, 2021. Trustee since 2011; Chairman since September 13, 2017. | Advisory Director (2010–2011), Partner (2004–2010), Managing Director (1999–2004) and Co-Head of Global Cash and Fixed Income Portfolio Management Team (2002–2010), Goldman Sachs Asset Management. | 89 | Director and Chair of the Finance and Investment Committee, Aflac Incorporated; Director and Chair of the Finance Committee, Sansum Clinic; Director, ParentSquare; Investment Committee Member, Cottage Health System; Member, University of California at Santa Barbara Arts and Lectures Advisory Council. | |||||
James M. Poterba c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1958 | Trustee | Indefinite term. Trustee since 2006. | President and Chief Executive Officer (since 2008) and Program Director (1990–2008), National Bureau of Economic Research. Mitsui Professor of Economics, Massachusetts Institute of Technology (“MIT”) (since 1996); Affiliated Faculty Member of the Finance Group, Alfred P. Sloan School of Management (since 2014); Head (2006–2008) and Associate Head (1994–2000 and 2001–2006), Economics Department of MIT. | 89 | Director, National Bureau of Economic Research and the Alfred P. Sloan Foundation; Member, Congressional Budget Office Panel of Economic Advisers. |
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 33 |
Trustees and officers(unaudited) | continued |
TIAA-CREF Funds ■ April 24, 2020
Trustees — concluded
Name, Address and Year of Birth (“YOB”) | Position(s) Held with Fund | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee | Other Directorship(s) Held by Trustee | |||||
Maceo K. Sloan c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1949 | Trustee | Indefinite term. Trustee since 1999. | Chairman, President and Chief Executive Officer, Sloan Financial Group, Inc. (1991–2018); Chairman and Chief Executive Officer (1991–2016), Chief Investment Officer (1991–2013) and Chief Compliance Officer (2015–2016), NCM Capital Management Group, Inc.; Chairman, Chief Executive Officer (2003–2016), Chief Investment Officer (2003–2013) and Chief Compliance Officer (2015–2016), NCM Capital Advisers, Inc.; and Chairman, President and Principal Executive Officer, NCM Capital Investment Trust (2007–2012). | 89 | N/A | |||||
Laura T. Starks c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1950 | Trustee | Indefinite term. Trustee since 2006. | Charles E. and Sarah M. Seay Regents Chair in Finance (since 2002), Co-Executive Director, Social Innovation Initiative (since 2015), Director, AIM Investment Center (2000–2016), Associate Dean for Research (2011–2016), Chairman, Department of Finance (2002–2011) and Professor (since 1987), McCombs School of Business, University of Texas at Austin. President, Society of Financial Studies (since 2017). Vice President, American Finance Association (since 2020). | 89 | Texa$aver Product Committee Member, Employees Retirement System of Texas. |
34 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Officers
Name, Address and Year of Birth (“YOB”) | Position(s) Held with Fund | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | |||
Vijay Advani TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1960 | Executive Vice President | One-year term. Executive Vice President since 2018. | Executive Chairman, Nuveen. Executive Vice President of the College Retirement Equities Fund (“CREF”), TIAA Separate Account VA-1, TIAA-CREF Funds and TIAA-CREF Life Funds (collectively, the “TIAA-CREF Fund Complex”). Formerly, Chief Executive Officer, Nuveen. Prior to joining Nuveen, Mr. Advani served as Co-President of Franklin Resources, Inc. (Franklin Templeton Investments). | |||
Richard S. Biegen TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1962 | Chief Compliance Officer | One-year term. Chief Compliance Officer since 2008. | Senior Managing Director, TIAA. Chief Compliance Officer of the TIAA-CREF Fund Complex. | |||
Derek B. Dorn TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1976 | Senior Managing Director and Corporate Secretary | One-year term. Senior Managing Director and Corporate Secretary since 2020. | Senior Managing Director, Corporate Secretary of Teachers Insurance and Annuity Association of America (“TIAA”) and the TIAA-CREF Fund Complex. Formerly, Managing Director, Special Assistant to the CEO, and Head of Regulatory Engagement & Public Policy, TIAA. Prior to joining TIAA, Mr. Dorn was a partner at Davis & Harman LLP. | |||
Bradley Finkle TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1973 | Principal Executive Officer and President | One-year term. Principal Executive Officer and President since 2017. | Chief Operating Officer, Nuveen. Principal Executive Officer and President of the TIAA-CREF Funds and TIAA-CREF Life Funds. Formerly, Senior Managing Director, Co-Head Nuveen Equities & Fixed Income and President of TIAA Investments. | |||
Jose Minaya TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1971 | Executive Vice President | One-year term. Executive Vice President since 2018. | Chief Executive Officer, Nuveen. Executive Vice President of the TIAA-CREF Fund Complex. Formerly, Executive Vice President, Chief Investment Officer and President, Nuveen, Executive Vice President, Chief Investment Officer and President, Nuveen Global Investments and Senior Managing Director, President, Global Investments, TIAA. |
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 35 |
Trustees and officers(unaudited) | concluded |
TIAA-CREF Funds ■ April 24, 2020
Officers — concluded
Name, Address and Year of Birth (“YOB”) | Position(s) Held with Fund | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | |||
Phillip T. Rollock TIAA 730 Third Ave. New York, NY 10017-3206 YOB: 1962 | Executive Vice President and Chief Legal Officer | One-year term. Executive Vice President and Chief Legal Officer since 2018. | Executive Vice President and Chief Legal Officer of TIAA and the TIAA-CREF Fund Complex. Formerly, Executive Vice President, Deputy Chief Legal Officer, TIAA and Senior Managing Director, Senior General Counsel and Corporate Secretary of TIAA and the TIAA-CREF Fund Complex. | |||
Christopher A. Van Buren TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1962 | Executive Vice President | One-year term. Executive Vice President since 2018. | Executive Vice President, Financial Risk & Capital Management Chief Risk Officer of TIAA. Executive Vice President of the TIAA-CREF Fund Complex. Formerly, Executive Vice President, Chief Risk Officer, TIAA. Prior to joining TIAA, Mr. Van Buren served as Managing Director, Group Risk Control of UBS. | |||
E. Scott Wickerham TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1973 | Principal Financial Officer, Principal Accounting Officer and Treasurer | One-year Principal Financial Officer, Principal Accounting Officer and Treasurer since 2017. | Senior Managing Director, Head, Publics Investment Finance, Nuveen. Principal Financial Officer, Principal Accounting Officer and Treasurer of the TIAA-CREF Funds, TIAA-CREF Life Funds and TIAA Separate Account VA-1; Treasurer of CREF; and Vice President and Controller of the Nuveen Funds. Formerly, Managing Director, Head, TC Fund Administration, Nuveen. | |||
Sean N. Woodroffe TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1963 | Executive Vice President | One-year term. Executive Vice President since 2018. | Senior Executive Vice President, Chief Human Resources Officer of TIAA and Executive Vice President of the TIAA-CREF Fund Complex. Prior to joining TIAA, Mr. Woodroffe served as Chief People Officer at National Life Group. |
Please note that the Funds’ Statement of Additional Information (SAI) includes additional information about the Funds’ trustees and is available, without charge, through our website, tiaa.org, or by calling 800 223-1200.
36 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Approval of investment management agreement(unaudited)
Board renewal of the investment management agreement for the TIAA-CREF Real Estate Securities Fund
The Board of Trustees (the “Board” or the “Trustees”) of the TIAA-CREF Funds (the “Trust”) determines whether to initially approve and periodically renew the investment management agreement (the “Agreement”) between Teachers Advisors, LLC (“Advisors”) and the Trust on behalf of each series of the Trust. Under the Agreement, Advisors is responsible for providing investment advisory services to each series of the Trust and overseeing the everyday operations and other service providers of the Trust. Below is a summary of the process the Board undertook related to its most recent renewal of the Agreement with respect to the TIAA-CREF Real Estate Securities Fund (the “Fund”).
Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that, after an initial period of up to two years, the Agreement for the Fund will remain in effect only if the Board, including a majority of those Trustees who have no direct or indirect interest in the Agreement, and who are independent Trustees because they are not “interested persons” of the Trust, as that term is defined in the 1940 Act, annually renews the Agreement. None of the Trustees is an interested person of the Trust under the 1940 Act. Rather, they are all deemed to be independent Trustees.
Under normal circumstances, Section 15(c) requires this annual renewal to be made at an in-person meeting of the Board. However, due to the COVID-19 pandemic, the Securities and Exchange Commission (“SEC”) issued a temporary, conditional exemptive order on March 13, 2020, as extended on March 25, 2020 (the “SEC Order”), permitting mutual fund boards to vote to approve matters subject to the Section 15(c) in-person approval requirement at a meeting that is not held in person if the board determines that reliance on the SEC Order is necessary or appropriate due to prevailing circumstances related to the current or potential effects of COVID-19 and the board ratifies any action taken pursuant to the SEC Order at its next in-person meeting.
Overview of the renewal process
The Board held a telephonic meeting on March 26, 2020, in order to consider the annual renewal of the Agreement with respect to the Fund using the process established by the Board described further below. At the outset of the meeting, the Board considered reliance upon the SEC Order and determined that such reliance was necessary due to, among other considerations, COVID-19 pandemic related social distancing requirements, travel restrictions and other governmental mandates imposed for health and safety reasons. The Board noted that it would ratify actions taken at this meeting pursuant to the SEC Order at its next in-person meeting.
As part of the Board’s established process, the Board delegated certain tasks to its Operations Committee. Among these tasks, the Operations Committee or certain of its designated members worked with Advisors, other Board members and legal
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 37 |
Approval of investment management agreement(unaudited)
counsel to the Trustees to develop guidance and specific requests relating to the types of information to be provided to the Board in connection with the proposed contract renewal.
Among other matters, the Operations Committee or certain of its designated members, following consultations with Advisors’ representatives, other Board members, legal counsel to the Trustees and legal counsel to Advisors and the Trust, confirmed or established certain guidance regarding the preparation of reports to be provided to the Board with respect to the Fund by the Board Reporting and Compliance unit of Broadridge Financial Solutions, Inc. (“Broadridge”), using data from Lipper, Inc., an independent provider of investment company data. The Operations Committee considered that Broadridge is widely recognized as a leading provider of comparative analyses used by independent directors and trustees of investment companies during their advisory contract review processes.
Based on guidance provided by the Operations Committee or certain of its designated members on behalf of the Board, Broadridge produced, among other information, comparative performance and expense data regarding the Fund, including data relating to the Fund’s management fee rate, total expense ratio, short-term and long-term investment performance and portfolio turnover rate. Broadridge compared this data, as relevant, for the Fund against a universe of investment companies and against a more selective peer group of mutual funds with similar investment objectives and strategies, each of which was selected by Broadridge, and also compared the performance of the Fund against one or more appropriate broad-based indices. In each case, Broadridge summarized, and the Board reviewed, the methodologies Broadridge employed to provide the data contained in its reports. In addition, Broadridge represented to the Board that its reports were designed specifically to provide the Board with the fee, expense and performance information that is necessary to help the Board satisfy its duties under Section 15(c) of the 1940 Act. Broadridge also represented that the purpose of its reports is to provide an objective view of the Fund’s relative position regarding the level of fees, expenses and performance against a competitive peer group and universe selected by Broadridge (and not Advisors or the Board). The Board considered the propriety of the Fund’s applicable peer group as selected by Broadridge and use of the Institutional Class as the base class for comparison purposes.
Among other matters, the Board also requested and received additional information from Advisors to facilitate the Trustees’ evaluation of the reasonableness of any profits earned by Advisors with respect to its services to the Fund pursuant to the Agreement.
In advance of the Board meeting held on March 26, 2020, legal counsel for the Trustees requested on behalf of the Board, and Advisors provided, information that was designed to assist the Board in its consideration of whether to renew the Agreement for the Fund. In addition to the data provided by Broadridge as described above, this information included, but was not limited to, the following: (1) further information relating to the Fund’s investment performance, together with an
38 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
continued
explanation of any events that had a material impact on the Fund’s performance during that period; (2) a description of any fee waiver or expense reimbursement arrangements that were proposed or were in place during the prior year and the extent to which such arrangements would be continued or modified in the coming year; (3) a comparison of the Fund’s management fee rate and performance to any other accounts with comparable strategies managed by Advisors or certain of its affiliates; (4) any “fall-out” benefits that accrued or were identified as reasonably likely to accrue to Advisors or its affiliates due to their relationship with the Fund in addition to the Fund’s direct fee payments to Advisors pursuant to the Agreement; (5) information regarding Advisors’ financial resources, senior professional personnel, overall staffing levels, portfolio manager compensation arrangements, capacity to manage the Fund at current and foreseeable asset levels, insurance coverage, portfolio trading, soft dollar usage and best execution practices, and any actual and potential conflicts of interest identified by Advisors in connection with rendering services to the Fund; (6) information as to any profits earned by Advisors in connection with its services pursuant to the Agreement; (7) a copy of the Agreement and certain related agreements between the Fund and affiliates of Advisors; (8) a copy of Advisors’ Form ADV as filed with the SEC (which was presented only to legal counsel for the Trustees); and (9) proposed narrative explanations of reasons why the Board should renew the Agreement. The Trustees were also provided with performance ratings of Morningstar, Inc. (“Morningstar”), which is a widely recognized mutual fund ranking service.
On March 12, 2020, the Board met informally to discuss Advisors’ materials, which led to the Trustees providing additional questions to, and requesting additional information, from Advisors. Subsequently, at the March 26, 2020 meeting, the Trustees were given the opportunity to, and did, ask additional questions and they reviewed responses from Advisors to the Board’s follow-up questions and requests presented by the Board after its initial review of the information described above.
In considering whether to renew the Agreement with respect to the Fund, the Board reviewed various factors, including: (1) the nature, extent and quality of services provided or to be provided by Advisors to the Fund; (2) the Fund’s investment performance; (3) the costs of the services provided to the Fund and the profits realized or potential profits to be realized (if any) by Advisors and its affiliates from their relationship with the Fund; (4) fees charged to comparable mutual funds by other advisers; (5) the extent to which economies of scale have been realized or are anticipated to be realized as the Fund grows; (6) how such economies of scale are shared with the Fund for the benefit of its investors, such as through management fee breakpoints; (7) comparisons of the services provided by Advisors to, and the fee rates and performance of, the Fund to other clients to whom Advisors provides comparable services; and (8) any other benefits derived or anticipated to be derived by Advisors or its affiliates from their relationship with the Fund. As part of the Board’s review of these factors, the Board received information from management on the impact of the COVID-19 pandemic on the Teachers Insurance and Annuity Association of America (“TIAA”) enterprise generally and the Fund in particular
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 39 |
Approval of investment management agreement(unaudited)
including, among other information, the current and expected impact on the Fund’s performance and operations. As a general matter, the Board considered these factors, and any other factors deemed relevant by the Trustees, in their totality, and no single factor was identified as being the determining factor in deciding whether to renew the Agreement.
In addition to the March 26, 2020 meeting that included Advisors’ personnel, the Trustees met in private sessions, at which no Advisors representatives were present, to discuss the proposed renewal of the Agreement for the Fund. The Board also received and considered information from its legal counsel as to certain relevant guidance that relates to the renewal process under Section 15(c) of the 1940 Act and certain other legal authorities.
While the contract renewal process included a series of discussions and meetings leading up to the March 26, 2020 meeting, the oversight and evaluation of Advisors’ services to the Fund by the Board and its Committees is an ongoing process. The Board, as well as its Committees, reviewed reports on various investment and operational topics that had been identified by the Board or its Committees for review in the year since the last annual renewal process. Further, at regularly scheduled meetings of the Board, the Board and the Investment Committee receive and review, among other matters, information regarding the performance of the Fund. Thus, in reaching its decisions regarding the renewal of the Agreement for the Fund, the Board took into account the information described herein and other information provided to the Board and its Committees throughout the year.
The Board received and considered both Trust-level and Fund-specific information, but made its renewal determinations on a Fund-level basis. In deciding whether to renew the Agreement for the Fund, each Trustee may have accorded different weight to different factors and, thus, may have had a different basis for his or her ultimate decision to vote to renew the Agreement for the Fund. At its meeting on March 26, 2020, all Board members voted unanimously to renew the Agreement for the Fund. Set forth below is a summary of the primary factors the Board considered with respect to the Fund.
The nature, extent and quality of services
The Board considered the level and depth of knowledge of Advisors, including the professional experience and qualifications of its personnel. The Board also considered that Advisors is an experienced investment adviser that has managed the Fund since its operations commenced. Investment professionals at Advisors also manage various funds and accounts of the College Retirement Equities Fund, the TIAA-CREF Life Funds and TIAA Separate Account VA-1, as well as advise and sub-advise other investment companies and vehicles. Under the Agreement, Advisors is responsible for, among other duties: managing the assets of the Fund, including conducting research, identifying investments and placing orders to buy and sell securities for the Fund’s investment portfolio; active daily monitoring of the Fund’s
40 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
continued
investment portfolio; reporting on the investment performance and other metrics of the Fund to the Board on a regular basis; responding to Fund flows; compliance monitoring; coordinating the activities of the Fund’s service providers; and overseeing the provision of various administrative services to the Fund. The Board considered that Advisors has carried out these responsibilities in a competent and professional manner. The Board also considered that Advisors has committed significant resources to supporting the series of the Trust, including the Fund. It also considered Advisors’ compliance program and resources and its compliance record with respect to the Fund.
The Board also considered, among other factors, the performance of the Fund, as discussed below. In addition, the Board considered the nature and quality of non-portfolio management services provided by Advisors and its affiliates. In this regard, the Board considered its ongoing review of the performance of certain affiliated and unaffiliated service providers, including the quality of services provided by those firms and Advisors’ oversight of those service providers and the outsourcing of certain services to other firms.
During its review, the Board noted its ongoing efforts to examine the level of personnel and other resources available to Advisors to provide portfolio management and other services to the Fund, including the impact of recent and anticipated regulatory requirements and operational changes on such resources, so as to assess the adequacy of the resources devoted to these services.
Investment performance
The Board considered the investment performance of the Fund over the one-, three-, five- and ten-year periods. The Board considered the Fund’s performance as compared to its peer group and peer universe and its benchmark index. For details regarding the Fund’s performance, see the synopsis below. The Board concluded that, under the totality of circumstances considered, the investment performance of the Fund was reasonable.
Cost and profitability
The Board considered financial and profitability data relating to Advisors’ services to the Funds for the calendar year 2019. The Board considered Advisors’ profit calculations with respect to its services to the Fund both before and after taking into account the costs incurred directly or indirectly by Advisors in connection with the distribution of shares of the Fund. The Board acknowledged the reasonableness of having a management fee rate that permits Advisors to maintain and improve the quality of services provided to the Fund and recognized the entrepreneurial and other risks assumed by Advisors in managing the Fund. The Board considered that Advisors calculated that it had earned profits with respect to the Fund under the Agreement for the one-year period ended December 31, 2019. The Board also considered Advisors’ voluntary effort to reduce the Fund’s management fee rate by
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 41 |
Approval of investment management agreement(unaudited)
0.025% from May 1, 2020 through April 30, 2021. The Board also acknowledged Advisors’ commitment to reimburse Fund expenses to the extent that total annual operating expenses exceeded a specified amount. The Board concluded that the profits earned by Advisors in 2019 from its services to the Fund were reasonable in light of various relevant factors.
Fees charged by other advisers
The Board considered comparative information regarding the Fund’s contractual and effective management fee rates and the contractual and effective management fee rates paid by similar mutual funds to other advisers, as analyzed by Broadridge and reflected in the synopsis below. The Board determined that the management fee rate charged to the Fund under the Agreement typically was lower than the management fee rates charged to most other comparable mutual funds. In this connection, the Board also considered the inherent limitations of such comparisons in light of uncertainty as to how the fees of such similar mutual funds are set and potentially material differences between the Fund and its comparable mutual funds. The Board considered Broadridge’s treatment of all fund fee waivers, regardless of their type, as management fee waivers, which could materially impact how the Fund’s actual management fee rate compares to those of similar mutual funds. Additionally, the Board considered the potential limitations of such comparisons due to, among other factors, the fact that, in many instances, Broadridge based its comparisons on financial data relating to fiscal periods that differed from the period for which the Fund’s data were derived. Based on all factors considered, the Board concluded that the management fee rate under the Agreement with respect to the Fund was reasonable in relation to those charged by appropriate groups of comparable mutual funds.
Economies of scale
The Board considered whether Advisors has experienced or is anticipated to experience economies of scale in connection with the operation of the Fund, and whether any such economies are shared with the Fund. The Board also considered the extent to which the current fee rate schedule breakpoints of the Fund affected Advisors’ fees. The Board considered, in connection with the supporting Broadridge reports, Advisors’ position that the maximum fee rate that could be charged to the Fund based on its level of assets under the Agreement is comparatively low in relation to peer groups of mutual funds. The Board also considered Advisors’ compensation of the Fund for some of the soft dollar amounts the Fund spent on research during the year, as well as Advisors’ commitment to compensate the Fund for a certain percentage of the Fund’s soft dollar expense in 2020. Based on all factors considered, the Board concluded that the Fund’s management fee rate schedule was reasonable in light of current economies of scale considerations and the Fund’s current asset level.
42 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
continued
Fee and performance comparisons with other Advisors’ clients
The Board considered that Advisors and its affiliate, TIAA-CREF Investment Management, LLC, provide investment management services to other investment companies, including foreign funds (UCITS), and separately managed accounts. The Board considered that Advisors did not currently manage any other products with comparable investment strategies to the Fund’s investment strategy. The Board also considered Advisors’ comments that, in the future, Advisors may manage client assets through additional funds and accounts with similar investment strategies. The Board also considered Advisors’ representation that, while the management fee rate charged to the Fund may differ from the management fee rates chargeable to these other funds and other accounts, this may be due in part to the fact that these other funds and accounts may: (1) involve less entrepreneurial risk on the part of Advisors; (2) be offered in different types of markets; (3) be provided with different types or levels of services; (4) have different regulatory burdens; and/or (5) target different investors.
Other benefits
The Board also considered additional “fall-out benefits” to Advisors and its affiliates arising from the Agreement. Such benefits include, among others, other fees paid by the Fund to Advisors or its affiliates for other services, such as distribution and administration. Another group of benefits are investment-related, such as economies of scale to the extent the Fund shares investment resources and/or personnel with other clients of Advisors and the use of research obtained through the payment of soft dollars by the Fund by other clients of Advisors. Advisors and its affiliates may also benefit from the level of business and relationships the Funds have with certain service providers. Additionally, the Fund may be utilized as investment options for other products and businesses of Advisors and its affiliates, such as variable products, fund of funds and 529 education savings plans. Also, Advisors and its affiliates may benefit from their relationship with the Fund to the extent that this relationship results in potential investors viewing TIAA, of which Advisors is an indirect, wholly-owned subsidiary, as a leading retirement plan provider in the academic and non-profit markets and as a single source for all their financial service needs.
Synopsis of factors
The Board considered the following specific factors (among others) in connection with its determination to renew the Agreement with respect to the Fund. If the Fund is described in the following discussions as being in the “1st” quintile, it is in the best of five groups (that is, the group has the best performance or the lowest expenses, as the case may be). References below to quintiles are based on data provided to the Board in the reports prepared by Broadridge. The specific management fee, expense and performance factors outlined below are based on the Institutional Class shares of the Fund. Because the Institutional Class generally has lower non-
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 43 |
Approval of investment management agreement(unaudited) | concluded |
management expenses than the other classes of the Fund, the expenses and performance of these other classes will differ from the expenses and performance shown for the Institutional Class. All time periods referenced below are ended December 31, 2019. Under the Morningstar rating system, an Overall Morningstar Rating of 5 stars is the highest (best) rating category and 1 star is the lowest (worst) rating category. The Morningstar data is as of December 31, 2019. Statements below regarding the Fund’s “effective management fee rate” refer to the overall effective blended fee rate that applied to the Fund after taking into account any breakpoints in the management fee rate schedule for the Fund and any applicable fee waivers and/or expense reimbursements.
• | The Fund’s annual contractual management fee rate starts at 0.50% of average daily net assets, and includes breakpoints that reduce the rate paid on assets above certain thresholds. The Fund’s effective management fee rate at its December 31, 2019 asset level was 0.483% of average daily net assets. Effective May 1, 2020, Advisors has voluntarily agreed to continue to reduce its management fee rate by 0.025% through April 30, 2021. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were each in the 1st quintile of both the group and universe of comparable funds selected by Broadridge for expense comparison purposes. |
• | The Fund was in the 2nd, 1st, 1st and 1st quintiles of the group of comparable funds selected by Broadridge for performance comparison purposes, for the one-, three-, five- and ten-year periods, respectively, and in the 1st quintile of the universe of comparable funds selected by Broadridge for performance comparison purposes for each of the one-, three-, five- and ten-year periods. |
• | The Fund received an Overall Morningstar Rating of 5 stars. |
• | Advisors calculated that it earned a net profit with respect to its services to the Fund for the one-year period. |
Based primarily on the foregoing factors and considerations, the Board renewed the Agreement for the Fund.
44 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Liquidity risk management program
Discussion of the operation and effectiveness of the Fund’s liquidity risk management program
In compliance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”), the series of the Trust covered by this Report (the “Fund”) has adopted and implemented a liquidity risk management program (the “Program”), which is reasonably designed to assess and manage the Fund’s liquidity risk. The Program consists of various provisions relating to assessing and managing Fund liquidity risk, as discussed further below. The Fund’s Board of Trustees (the “Board”) previously approved the designation of Advisors (the “Administrator”) as Program administrator. The Liquidity Monitoring and Analysis Team (the “LMAT”) carries out day-to-day Program management with oversight by the Liquidity Oversight Committee (the “LOSC”). Personnel from the Administrator and Nuveen Fund Advisors, LLC, an affiliate of the Administrator, comprise the LMAT and LOSC.
At a February 11, 2020 Board meeting, the Administrator provided the Board with a written report addressing the Program’s operation, adequacy, and effectiveness of implementation for the period from December 1, 2018 through November 30, 2019 (the “Review Period”), as required under the Liquidity Rule. The report noted that the Program has been and continues to be adequately and effectively implemented to monitor and (as applicable) respond to the Fund’s liquidity developments.
In accordance with the Program, the LMAT assesses the Fund’s liquidity risk no less frequently than annually based on various factors, such as (i) the Fund’s investment strategy and the liquidity of portfolio investments, (ii) cash flow projections, and (iii) holdings of cash and cash equivalents and borrowing arrangements and other funding sources. Certain factors are considered under both normal and reasonably foreseeable stressed conditions.
Fund portfolio investments are classified into one of four liquidity categories (including “highly liquid investments” and “illiquid investments,” discussed below). The classification is based on a determination of how long it is reasonably expected to take to convert the investment into cash, or sell or dispose of the investment, in current market conditions without significantly changing the market value of the investment. Liquidity classification determinations take into account various market, trading, and investment-specific considerations, as well as market depth, and utilize third-party vendor data.
A Fund that does not primarily hold highly liquid investments must, among other things, determine a minimum percentage of Fund net assets that must be invested in highly liquid investments (a “Highly Liquid Investment Minimum”). During the Review Period, the Fund primarily held highly liquid investments and therefore was exempt from the requirement to adopt a Highly Liquid Investment Minimum and to comply with the related requirements under the Liquidity Rule.
TIAA-CREF Real Estate Securities Fund ■ 2020 Annual Report | 45 |
Liquidity risk management program | concluded |
The Liquidity Rule also limits the Fund’s investments in illiquid investments. Specifically, the Liquidity Rule prohibits acquisition of illiquid investments if doing so would result in the Fund holding more than 15% of its net assets in illiquid investments and requires certain reporting anytime a Fund’s holdings of illiquid investments exceed 15% of net assets. During the Review Period, the Fund did not exceed the 15% limit on illiquid investments.
46 | 2020 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
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Websites
TIAA.org
nuveen.com
Automated telephone service
800-842-2252
24 hours a day, 7 days a week
For the hearing- or speech-impaired
800-842-2755
8 a.m. to 10 p.m. (ET), Monday–Friday
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You should carefully consider the investment objectives, risks, charges and expenses of any fund before investing. For a prospectus that contains this and other information, please visit TIAA.org, or call 800-842-2252 for the Institutional, Advisor, Premier and Retirement classes or 800-223-1200 for the Retail Class. Please read the prospectus carefully before investing. Investment, insurance and annuity products are not Federal Deposit Insurance Corporation (FDIC) insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.Nuveen, a subsidiary of TIAA, provides investment advice and portfolio management services through a dozen affiliated registered investment advisers. Nuveen Securities, LLC and TIAA-CREF Individual & Institutional Services, LLC, members FINRA, distribute securities products.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her advisors.
©2020 Teachers Insurance and Annuity Association of America—College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017-3206
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TIAA-CREF Funds | March 31, 2020 | |
TIAA-CREF
Fixed-Income Funds
The annual report contains the audited financial statements.
Institutional | Advisor | Premier | Retirement | Retail | Class | |||||||
Fund name | Class | Class | Class | Class | Class | W | ||||||
Bond Index Fund | TBIIX | TBIAX | TBIPX | TBIRX | TBILX | TBIWX | ||||||
Core Bond Fund (formerly Bond Fund) | TIBDX | TIBHX | TIDPX | TIDRX | TIORX | TBBWX | ||||||
Core Impact Bond | ||||||||||||
(formerly Social Choice Bond Fund) | TSBIX | TSBHX | TSBPX | TSBBX | TSBRX | — | ||||||
Core Plus Bond Fund (formerly Bond Plus Fund) | TIBFX | TCBHX | TBPPX | TCBRX | TCBPX | TCBWX | ||||||
5–15 Year Laddered Tax-Exempt Bond Fund | TITIX | TIXHX | — | — | TIXRX | — | ||||||
Green Bond Fund | TGRNX | TGRKX | TGRLX | TGRMX | TGROX | — | ||||||
High-Yield Fund | TIHYX | TIHHX | TIHPX | TIHRX | TIYRX | TIHWX | ||||||
Inflation-Linked Bond Fund | TIILX | TIIHX | TIKPX | TIKRX | TCILX | TIIWX | ||||||
Short Duration Impact Bond Fund | TSDJX | TSDHX | TSDFX | TSDDX | TSDBX | — | ||||||
Short-Term Bond Fund | TISIX | TCTHX | TSTPX | TISRX | TCTRX | TCTWX | ||||||
Short-Term Bond Index Fund | TNSHX | TTBHX | TPSHX | TESHX | TRSHX | TTBWX | ||||||
Money Market Fund | TCIXX | TMHXX | TPPXX | TIEXX | TIRXX | — |
Annual
Report
Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the TIAA-CREF Funds’ (the “Funds”) annual and semiannual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, they will be made available on TIAA’s website, TIAA.org, and you will be notified by mail each time a report is posted and provided with a website link to access the report.
If you have already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Funds electronically anytime by either updating your account settings at TIAA.org/eDelivery, if you invest in the Funds directly or hold your Fund shares through a TIAA-affiliated financial intermediary, account or retirement plan (each, a “TIAA Account”), or by contacting your financial intermediary (such as a broker/dealer or bank) through which you hold Fund shares.
If you invest directly with the Funds or through a TIAA Account, you may elect to continue to receive all future shareholder reports in paper free of charge by updating your account settings at TIAA.org/eDelivery or by calling 800-842-2252 during regular business hours. If you invest through another financial intermediary, you can contact your financial intermediary to request that you continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held with the fund complex if you invest directly with the Funds or through a TIAA Account, or to all funds held through your financial intermediary.
Contents
For the purposes of this report, “TIAA-CREF Funds” refers only to the TIAA-CREF Fixed-Income Funds listed on the cover of this report.
This annual report contains information about certain TIAA-CREF Funds and describes their results for the twelve months ended March 31, 2020. The report contains four main sections:
• | A letter from Brad Finkle, President of TIAA-CREF Funds, TIAA-CREF Life Funds and TIAA Investments. | |
• | The fund performance section compares each fund’s investment returns with those of its benchmark index. | |
• | The summary portfolios of investments list the issuers, industries and types of securities in which each fund had investments as of March 31, 2020. | |
• | The financial statements provide detailed information about the operations and financial condition of each fund. |
The views and opinions expressed in this report are through the end of the period, as stated on the cover of this report. They are subject to change at any time based on a variety of factors. As such, they are not guarantees of future performance or investment results and should not be taken as investment advice. To see the risks of investing in any fund, please read the latest prospectus.
As always, you should carefully consider the investment objectives, risks, charges and expenses of any fund before investing. For a prospectus that contains this and other important information, please visit our website at TIAA.org, or call 800-842-2252 for the Institutional, Advisor, Premier and Retirement classes or 800-223-1200 for the Retail Class. We urge you to read the prospectus carefully before investing.
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 3 |
Brad Finkle
The U.S. bond market produced broad gains for the twelve months ended March 31, 2020, but it struggled through a turbulent final month as the United States experienced the effects of the COVID-19 pandemic. For the period, all but one market sector delivered positive results as bond yields declined sharply (bond yields move in the opposite direction of prices). Ten of the eleven TIAA-CREF Fixed-Income Funds, as well as the Money Market Fund, posted positive returns.
• | The broad U.S. bond market, as measured by the Bloomberg Barclays U.S. Aggregate Bond Index, returned 8.9% for the period. This gain exceeded the average annual performance of the index over the past three-, five- and ten-year periods. | |
• | Institutional Class returns for all eleven fixed-income funds trailed the performances of their respective benchmarks, except for the Money Market Fund, which outperformed the iMoneyNet Money Fund Averages™—All Government. Please see page 8 for benchmark definitions. |
Bond markets advanced as yields declined
Fixed-income securities in nearly all sectors posted positive results over the twelve months. The performance of the Bloomberg Barclays U.S. Aggregate Bond Index reflected strong gains among higher-rated securities. Short-term bonds also produced solid returns, followed by advances in Treasury inflation-protected securities and municipal bonds. High-yield bonds declined.
For most of the period, the U.S. economy grew at a steady pace while the unemployment rate reached historically low levels. But aggressive action to contain the spread of the virus late in the period led to widespread closures of non-essential businesses, and certain state governments limited public activities and implemented stay-at-home advisories. To bolster the economy, the Federal Reserve cut the federal funds target rate to 0.00%–0.25% in March 2020, and Congress enacted an unprecedented $2.2 trillion stimulus plan.
Ten TIAA-CREF Funds produced gains
Ten of the eleven TIAA-CREF Fixed-Income Funds generated positive returns for the twelve-month period. Fund performance for Institutional Class shares ranged from a return of –8.0% for the High-Yield Fund to a gain of 8.8% for the Bond Index Fund. The Bond Index Fund’s return was driven primarily by strong gains from U.S. Treasury bonds and mortgage-backed securities.
The Core Bond Fund (formerly the Bond Fund) gained 4.8%, trailing the same benchmark due in large part to unfavorable yield curve positioning—how the Fund was invested across different maturities—among its U.S. Treasury holdings, as well as an underweight position in mortgage-backed securities.
The Core Impact Bond Fund (formerly the Social Choice Bond Fund) returned 4.7% but underperformed its benchmark for the same reasons. The Core Plus Bond Fund (formerly the Bond Plus Fund) advanced 3.3% but also lagged its benchmark.
4 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
The Inflation-Linked Bond Fund gained 4.4%, falling just short of its benchmark due to the impact of expenses.
The Short-Term Bond Index Fund also returned 4.4% and modestly underperformed its benchmark, the Bloomberg Barclays U.S. 1–3 Year Government/Credit Bond Index. Solid gains by short-term U.S. Treasuries, which account for nearly two-thirds of the Fund’s assets, drove performance.
The Short-Term Bond Fund advanced 2.0% and the Short Duration Impact Bond Fund gained 1.1%, but both lagged their shared benchmark. The relative performance of each fund was hampered by unfavorable yield curve positioning.
The 5–15 Year Laddered Tax-Exempt Bond Fund gained 2.2% but lagged the performance of its benchmark, the Bloomberg Barclays 10-Year Municipal Bond Index. The Green Bond Fund’s 2.9% return fell short of its benchmark’s performance as well.
The High-Yield Fund underperformed its benchmark, which posted a smaller loss. The Money Market Fund gained 1.9% for the period, outpacing the iMoneyNet average.
A detailed overview of the fixed-income markets during the period appears in our Market Monitor on page 6. A discussion of each fund and its relative performance begins on page 10.
Keeping long-term goals in view
It is contrary to human nature to sit still in times of heightened market volatility. But for investors with a diversified financial plan, tailored to their goals and time horizons, we recommend staying the course. Attempting to react to daily market moves—perhaps letting emotions drive investment decisions—often creates additional risk. Moreover, the recent market volatility serves to exemplify the benefits of diversifying your investments across a range of different asset classes, including fixed-income securities.
These are challenging times for all investors. But it’s worth noting that, unlike other periods of shock to the financial system—notably the events of September 11th and the 2007–2008 credit crisis—the U.S. economy was strong when the COVID-19 threat emerged. As always, we cannot predict which direction the markets will take next, but we have confidence in our ability to weather this storm. Now, more than ever, it’s important to remember that you are not going through this uncertain time alone. TIAA is here to support you every step of the way.
For additional assistance, or if you have any questions about your TIAA-CREF fixed-income portfolio, we encourage you to reach out to your financial advisor or call a TIAA financial consultant at 800-842-2252.
/s/ Brad Finkle
Brad Finkle
Chief Operating Officer, Nuveen
President of the TIAA-CREF Funds and TIAA-CREF Life Funds
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 5 |
Bond markets generally gained amid COVID-19 pandemic
Most U.S. fixed-income markets generated positive returns for the twelve-month period, despite a difficult final month during which the COVID-19 outbreak shook the economy. Moderate economic growth and historically strong labor markets dominated for most of the period, but in the final month of March, emergency efforts to contain the virus led to widespread business closings and the suspension of most economic activity. The Federal Reserve responded by making two deep cuts in short-term interest rates, purchasing bonds and moving aggressively to support credit markets. As a result, yields on U.S. Treasury securities of all maturities declined sharply over the twelve months. Investment-grade fixed-rate bonds, as represented by the Bloomberg Barclays U.S. Aggregate Bond Index, advanced 8.9% for the period (bond yields move in the opposite direction of prices).
Among fixed-income sectors, the U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index returned 4.5%. Short-term bonds, as represented by the Bloomberg Barclays U.S. 1–3 Year Government/Credit Bond Index, also gained 4.5%. Municipal bonds, as measured by the Bloomberg Barclays 10-Year Municipal Bond Index, advanced 4.0%. U.S. high-yield securities, as measured by the ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index, returned –5.5%. With the exception of short-term bonds, all fixed-income sectors experienced declines in the last month of the period.
Bond yields fall as investors seek lower risk
U.S. Treasury yields: March 31, 2019 vs. March 31, 2020
Source: U.S. Department of the Treasury
Economy grew before virus struck
Real gross domestic product (GDP), which measures the value of all goods and services produced in the United States, expanded at an annualized rate of 2.0% during the second quarter and 2.1% for the third and fourth quarters of 2019. The pandemic had a severe impact on the economy in March 2020. Manufacturing and retail businesses closed temporarily, travel was restricted and most states advised residents to stay at home to contain the virus.
The U.S. unemployment rate, which achieved 50-year lows during the period, rose from 3.6% in April 2019 to 4.4% in March 2020. In the final two weeks of the period, an unprecedented total of 9.9 million people filed for unemployment benefits.
Core inflation, which includes all items except food and energy, rose 2.1% over the twelve months ended March 2020. Oil prices fell sharply during the period, primarily due to shrinking demand amid the global health emergency. The price of West Texas Intermediate crude declined from nearly $62 to $21 per barrel during the period. A dispute between Saudi Arabia and Russia over oil prices and production also exerted a negative influence.
The broad U.S. stock market, as measured by the Russell 3000® Index, fell 9.1% for the twelve months, with all of its decline occurring in the final three months of the period.
Fed cut rates aggressively, Congress enacted stimulus
The Fed lowered the federal funds target rate three times in 2019, reducing the key short-term interest-rate measure to 1.50%–1.75%. Policymakers took more aggressive action in March 2020 in response to the virus emergency. In two steps, the Fed reduced the federal funds rate to 0.00%–0.25%. The Fed then launched an unlimited program to inject money into the financial markets by purchasing U.S. Treasury bonds and mortgage-backed securities, while also offering to buy high-quality corporate debt. In addition, the Fed offered loans to money market mutual funds to assure liquidity and extended credit to primary dealers, which are key players in the debt markets.
The federal government enacted a $2.2 trillion U.S. economic stimulus plan in March 2020. The unprecedented act, which was well received by investors, included direct cash payments to individuals, money for unemployment insurance, loans to large companies, small business relief and assistance to state and local governments.
6 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Portfolio holdings
Securities and Exchange Commission (SEC) rules allow investment companies to list the top holdings of each fund in their annual and semiannual reports instead of providing complete portfolio listings. The TIAA-CREF Funds also file complete portfolio listings with the SEC, and they are available to the public.
You can obtain a complete list of the TIAA-CREF Funds’ holdings (Schedules of Investments) as of the most recently completed fiscal quarter in the following ways:
• | By visiting our website at TIAA.org; or | |
• | By calling us at 800-842-2252 to request a copy, which will be provided free of charge. |
You can also obtain a complete list of the TIAA-CREF Funds’ portfolio holdings as of the most recently completed fiscal quarter, and for prior quarter-ends, from our SEC Form N-CSR and Form N-PORT or Form N-MFP (for money market products only) filings. Form N-CSR filings are as of March 31 or September 30; Form N-PORT or Form N-MFP filings are as of December 31 or June 30. Copies of these forms are available:
• | Through the Electronic Data Gathering and Retrieval System (EDGAR) on the SEC’s website at sec.gov; or | |
• | From the SEC’s Office of Investor Education and Advocacy. Call 202-551-8090 for more information. |
Proxy voting
In certain market conditions, the investment portfolio of a fixed-income fund may include shares of common or preferred stock. If that should occur, TIAA-CREF Funds’ ownership of stock would give it the right to vote on proxy issues of companies in which it invests. A description of our proxy voting policies and procedures can be found on our website at TIAA.org or on the SEC’s website at sec.gov. You can also call us at 800-842-2252 to request a free copy. A report of how the funds voted during the most recently completed twelve-month period ended June 30 can be found on our website or on Form N-PX at sec.gov.
Contacting TIAA
There are three easy ways to contact us: by email, using the Contact Us link at the top of our home page; by mail at TIAA, 730 Third Avenue, New York, NY 10017-3206; or by phone at 800-842-2252.
Fund management
The TIAA-CREF Funds are managed by the portfolio management teams of Teachers Advisors, LLC. The members of these teams are responsible for the day-to-day investment management of the funds.
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 7 |
TheBloomberg Barclays U.S. Aggregate Bond Indexmeasures the performance of the domestic investment-grade fixed-rate bond market, including government and corporate securities, agency mortgage pass-through securities, asset-backed securities and commercial mortgage-backed securities.
TheBloomberg Barclays U.S. 1–3 Year Government/Credit Bond Indexmeasures the performance of U.S. Treasury and agency securities and corporate bonds with 1- to 3-year maturities.
TheICE BofA BB-B U.S. Cash Pay High Yield Constrained Indexmeasures the performance of bond securities that pay interest in cash and have a credit rating of BB or B. ICE BofA uses a composite of Fitch Ratings, Moody’s and Standard & Poor’s credit ratings in selecting bonds for this index. These ratings measure the risk that the bond issuer will fail to pay interest or to repay principal in full. The index is market weighted, so that larger bond issues have a greater effect on the index’s return. However, the representation of any single bond issuer is restricted to a maximum of 2% of the total index.
TheBloomberg Barclays 10-Year Municipal Bond Indexmeasures the performance of intermediate- and longer-term tax-exempt bonds. Bonds in the index must be rated investment grade (Baa3/BBB- or higher), have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million.
TheBloomberg Barclays U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Indexmeasures the performance of fixed-income securities with maturities between 1 and 10 years that are adjusted for inflation, as measured by the Consumer Price Index for All Urban Consumers (CPI-U).
TheBloomberg Barclays MSCI U.S. Green Bond Indexmeasures the performance of the U.S. market for fixed-income securities issued to fund projects with direct environmental benefits.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses. For additional details about the benchmark indexes, please read the funds’ latest prospectus.
Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively, “Bloomberg”). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
Source: ICE Data Indices, LLC (“ICE DATA”), is used with permission.ice data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. neither ice data, its affiliates nor their respective third party providers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ice data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend tiaa-cref funds, or any of its products or services.
8 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Important information about expenses
All shareholders of the TIAA-CREF Funds incur ongoing costs, including management fees and other fund expenses. They may also incur transactional costs for redemptions or account maintenance fees.
The expense examples that appear in this report are intended to help you understand your ongoing costs only (in U.S. dollars) and do not reflect transactional costs. The examples are designed to help you compare these ongoing costs with the ongoing costs of investing in other mutual funds.
The expenses shown do not include account maintenance fees, which may or may not be applicable, as described in the prospectus. If such fees were included, your total costs for investing in the funds would be higher. Note also that shareholders of the TIAA-CREF Funds do not incur a sales charge for purchases, reinvested dividends or other distributions.
The examples are based on an investment of $1,000 invested at the beginning of the six-month period and held for the entire period (October 1, 2019–March 31, 2020).
Actual expenses
The first section in each table uses the Fund’s actual expenses and its actual rate of return. You may use the information in this section, together with the amount you invested, to estimate the expenses that you paid over the six-month period.
Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading “Expenses paid during period” to estimate the expenses you paid during the six-month period. Some funds have a contractual fee reimbursement. Had these not been in effect, fund expenses would have been higher.
Hypothetical example for comparison purposes
The second section in each table shows hypothetical account values and expenses based on the Fund’s actual expense ratio for each share class for the six-month period and an assumed 5%-per-year rate of return before expenses. This was not the share class’ actual return.
This hypothetical example cannot be used to estimate the actual expenses you paid for the period, but rather allows you to compare the ongoing costs of investing in the Fund with the costs of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other mutual funds.
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 9 |
Expense example
Six months ended March 31, 2020
Bond Index Fund | Beginning account value (10/1/19) | Ending account value (3/31/20) | Expenses paid during period* (10/1/19– 3/31/20) | ||||||||
Actual return | |||||||||||
Institutional Class | $ | 1,000.00 | $ | 1,033.46 | $0.56 | ||||||
Advisor Class | 1,000.00 | 1,032.95 | 1.12 | ||||||||
Premier Class | 1,000.00 | 1,031.79 | 1.32 | ||||||||
Retirement Class | 1,000.00 | 1,031.27 | 1.83 | ||||||||
Retail Class | 1,000.00 | 1,030.89 | 2.23 | ||||||||
Class W | 1,000.00 | 1,034.04 | 0.00 | ||||||||
5% annual hypothetical return | |||||||||||
Institutional Class | 1,000.00 | 1,024.45 | 0.56 | ||||||||
Advisor Class | 1,000.00 | 1,023.90 | 1.11 | ||||||||
Premier Class | 1,000.00 | 1,023.70 | 1.32 | ||||||||
Retirement Class | 1,000.00 | 1,023.20 | 1.82 | ||||||||
Retail Class | 1,000.00 | 1,022.80 | 2.23 | ||||||||
Class W | 1,000.00 | 1,025.00 | 0.00 |
* | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/366. There were 183 days in the six months ended March 31, 2020. The Fund’s annualized six-month expense ratios for that period were 0.11% for the Institutional Class, 0.22% for the Advisor Class, 0.26% for the Premier Class, 0.36% for the Retirement Class, 0.44% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
Sector | % of net assets as of 3/31/2020 | ||
U.S. Treasury securities | 38.9 | ||
Mortgage-backed securities | 26.7 | ||
Corporate bonds | 20.2 | ||
Foreign government & corporate bonds denominated in U.S. dollars | 8.3 | ||
Commercial mortgage-backed securities | 1.9 | ||
U.S. agency securities | 1.1 | ||
Asset-backed securities | 0.8 | ||
Municipal bonds | 0.8 | ||
Short-term investments, other assets & liabilities, net | 1.3 | ||
Total | 100.0 |
Performance for the twelve months ended March 31, 2020
The Bond Index Fund returned 8.83% for the Institutional Class, compared with the 8.93% return of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. The performance table shows returns for all share classes of the Fund.
Fed took strong action to support economy and financial markets
The U.S. economy expanded at a steady pace for most of the period, but it was rattled by the effects of the COVID-19 pandemic, which hit the United States hard in March 2020. Containment efforts around the world have disrupted business and manufacturing operations, closed restaurants and retail stores and restricted travel. The unemployment rate, which had remained at historically low levels for much of the period, increased from 3.6% in April 2019 to 4.4% in March 2020. Core inflation, which measures all items except food and energy, rose 2.1% over the twelve months ended March 2020. Crude oil prices declined sharply from nearly $62 to $21 per barrel.
In March, the Federal Reserve responded to the crisis by taking swift action and substantially lowered the federal funds target rate—a key short-term interest-rate measure—to 0.00%–0.25%. Meanwhile, the federal government enacted a massive stimulus measure to inject $2.2 trillion into the U.S. economy.
Fixed-income markets generated positive returns for the period in all major categories other than high-yield bonds. Strong gains over the first eleven months were tempered by weaker results in March 2020. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, performed best, followed by shorter-term bonds, U.S. Treasury inflation-protected securities (TIPS) and municipal bonds.
U.S. Treasuries and MBS drove the benchmark’s performance
All of the sectors within the Bloomberg Barclays U.S. Aggregate Bond Index posted positive returns for the twelve months. Treasury bonds, which made up 39.7% of the index at period-end, returned a robust 13.2%. U.S. Treasuries rallied sharply amid falling interest rates and a flight to safety during the latter weeks of the period. Mortgage-backed securities (MBS), the second-largest sector in the index with a weighting of 26.5%, gained 7.2%. Corporate bonds, which represented 24.9% of the benchmark at period-end, gained 5.0%. Smaller sectors, including government credit securities, government agency securities and commercial mortgage-backed securities, also delivered solid gains, returning 7.3%, 4.7% and 6.1%, respectively.
Fund trailed its benchmark
The Fund underperformed its benchmark for the twelve-month period. The Fund’s return includes a deduction for expenses, while the benchmark’s does not. The Fund seeks to maintain the overall characteristics of its benchmark. The Fund’s managers invest in the same sectors that are included in the benchmark and closely match the benchmark’s weightings and maturities. During the period, this portfolio had sector returns that were similar to its benchmark, enabling it to resemble the index’s performance.
Throughout the period, the Fund’s managers kept the Fund’s duration—a measure of its sensitivity to interest-rate changes—close to that of its benchmark. This strategy helped the Fund’s risk and reward characteristics to more closely resemble those of its benchmark.
10 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2020
Bond Index Fund | Average annual | Annual operating | ||||||||||||||||||||||
Total return | total return | expenses* | ||||||||||||||||||||||
Inception | ||||||||||||||||||||||||
date | 1 year | 5 years | 10 years | gross | net | |||||||||||||||||||
Institutional Class | 9/14/09 | 8.83 | % | 3.24 | % | 3.75 | % | 0.11 | % | 0.11 | % | |||||||||||||
Advisor Class | 12/4/15 | 8.73 | 3.15 | † | 3.71 | † | 0.22 | 0.22 | ||||||||||||||||
Premier Class | 9/30/09 | 8.58 | 3.06 | 3.59 | 0.26 | 0.26 | ||||||||||||||||||
Retirement Class | 9/14/09 | 8.46 | 2.96 | 3.49 | 0.36 | 0.36 | ||||||||||||||||||
Retail Class | 9/14/09 | 8.39 | 2.88 | 3.40 | 0.44 | 0.44 | ||||||||||||||||||
Class W | 9/28/18 | 8.96 | 3.27 | † | 3.77 | † | 0.11 | 0.00 | ||||||||||||||||
Bloomberg Barclays U.S. Aggregate Bond Index | — | 8.93 | 3.36 | 3.88 | — | — |
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
* | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2020, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
$10,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2020. For the purpose of comparison, the graph also shows the change in the value of the Fund’s benchmark during the same period. The performance of the other share classes varies due to differences in expense charges.
Holdings by maturity
% of fixed-income investments | ||||
(excluding short-term investments) | ||||
as of 3/31/2020 | ||||
Less than 1 year | 1.1 | |||
1–3 years | 28.6 | |||
3–5 years | 33.8 | |||
5–10 years | 17.5 | |||
Over 10 years | 19.0 | |||
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments | ||||
(excluding short-term investments) | ||||
as of 3/31/2020 | ||||
U.S. Treasury & U.S. agency securities* | 67.2 | |||
Aaa/AAA | 5.0 | |||
Aa/AA | 3.5 | |||
A/A | 11.4 | |||
Baa/BBB | 12.8 | |||
Ba/BB | 0.1 | |||
Total | 100.0 |
* | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg Barclays methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
as of 3/31/2020 | |
Net assets | $16.56 billion |
Portfolio turnover rate | 32% |
Number of issues | 7,250 |
Option-adjusted duration‡ | 5.80 years |
Average maturity§ | 8.17 years |
‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
§ | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 11 |
Expense example
Six months ended March 31, 2020
Core Bond Fund | Beginning account value (10/1/19) | Ending account value (3/31/20) | Expenses paid during period* (10/1/19– 3/31/20) | ||||||||
Actual return | |||||||||||
Institutional Class | $ | 1,000.00 | $ | 993.19 | $1.49 | ||||||
Advisor Class | 1,000.00 | 993.47 | 2.14 | ||||||||
Premier Class | 1,000.00 | 993.39 | 2.24 | ||||||||
Retirement Class | 1,000.00 | 993.24 | 2.74 | ||||||||
Retail Class | 1,000.00 | 993.02 | 2.94 | ||||||||
Class W | 1,000.00 | 994.64 | 0.00 | ||||||||
5% annual hypothetical return | |||||||||||
Institutional Class | 1,000.00 | 1,023.50 | 1.52 | ||||||||
Advisor Class | 1,000.00 | 1,022.85 | 2.17 | ||||||||
Premier Class | 1,000.00 | 1,022.75 | 2.28 | ||||||||
Retirement Class | 1,000.00 | 1,022.25 | 2.78 | ||||||||
Retail Class | 1,000.00 | 1,022.05 | 2.98 | ||||||||
Class W | 1,000.00 | 1,025.00 | 0.00 |
* | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/366. There were 183 days in the six months ended March 31, 2020. The Fund’s annualized six-month expense ratios for that period were 0.30% for the Institutional Class, 0.43% for the Advisor Class, 0.45% for the Premier Class, 0.55% for the Retirement Class, 0.59% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
Sector | % of net assets as of 3/31/2020 | ||
Corporate bonds | 31.1 | ||
Mortgage-backed securities | 14.9 | ||
Foreign government & corporate bonds denominated in U.S. dollars | 10.6 | ||
Asset-backed securities | 10.1 | ||
U.S. Treasury securities | 8.8 | ||
Commercial mortgage-backed securities | 8.2 | ||
Municipal bonds | 4.9 | ||
Bank loan obligations | 1.7 | ||
U.S. agency securities | 0.5 | ||
Short-term investments, other assets & liabilities, net | 9.2 | ||
Total | 100.0 |
Performance for the twelve months ended March 31, 2020
The Core Bond Fund (formerly the Bond Fund) returned 4.75% for the Institutional Class, compared with the 8.93% return of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. The performance table shows returns for all share classes of the Fund.
Fed took strong action to support economy and financial markets
The U.S. economy expanded at a steady pace for most of the period, but it was rattled by the effects of the COVID-19 pandemic, which hit the United States hard in March 2020. Containment efforts around the world have disrupted business and manufacturing operations, closed restaurants and retail stores and restricted travel. The unemployment rate, which had remained at historically low levels for much of the period, increased from 3.6% in April 2019 to 4.4% in March 2020. Core inflation, which measures all items except food and energy, rose 2.1% over the twelve months ended March 2020. Crude oil prices declined sharply from nearly $62 to $21 per barrel.
In March, the Federal Reserve responded to the crisis by taking swift action and substantially lowered the federal funds target rate—a key short-term interest-rate measure—to 0.00%–0.25%. Meanwhile, the federal government enacted a massive stimulus measure to inject $2.2 trillion into the U.S. economy.
Fixed-income markets generated positive returns for the period in all major categories other than high-yield bonds. Strong gains over the first eleven months were tempered by weaker results in March 2020. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, performed best, followed by shorter-term bonds, U.S. Treasury inflation-protected securities (TIPS) and municipal bonds.
U.S. Treasuries and MBS drove the benchmark’s performance
All of the sectors within the Bloomberg Barclays U.S. Aggregate Bond Index posted positive returns for the twelve months. Treasury bonds, which made up 39.7% of the index at period-end, returned a robust 13.2%. U.S. Treasuries rallied sharply amid falling interest rates and a flight to safety during the latter weeks of the period. Mortgage-backed securities (MBS), the second-largest sector in the index with a weighting of 26.5%, gained 7.2%. Corporate bonds, which represented 24.9% of the benchmark at period-end, gained 5.0%. Smaller sectors, including government credit securities, government agency securities and commercial mortgage-backed securities, also delivered solid gains, returning 7.3%, 4.7% and 6.1%, respectively.
Fund trailed its benchmark
The Fund’s return trailed that of its benchmark for the twelve-month period. Yield curve positioning within U.S. Treasuries—how the Fund was invested across different maturities—detracted most from relative performance. An underweight position in MBS was the second-largest detractor, followed by an overweight in corporate bonds, which declined sharply during the final weeks of the period. An overweight allocation to asset-backed securities also limited the Fund’s performance.
On the positive side, the Fund’s position in the municipal bond sector bolstered its return for the period.
12 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2020
Core Bond Fund | Average annual | Annual operating | ||||||||||||||||||||||
Total return | total return | expenses* | ||||||||||||||||||||||
Inception | ||||||||||||||||||||||||
date | 1 year | 5 years | 10 years | gross | net | |||||||||||||||||||
Institutional Class | 7/1/99 | 4.75 | % | 3.05 | % | 4.08 | % | 0.30 | % | 0.30 | % | |||||||||||||
Advisor Class | 12/4/15 | 4.61 | 2.99 | † | 4.05 | † | 0.44 | 0.44 | ||||||||||||||||
Premier Class | 9/30/09 | 4.60 | 2.90 | 3.93 | 0.45 | 0.45 | ||||||||||||||||||
Retirement Class | 3/31/06 | 4.56 | 2.81 | 3.82 | 0.55 | 0.55 | ||||||||||||||||||
Retail Class | 3/31/06 | 4.52 | 2.76 | 3.78 | 0.60 | 0.60 | ||||||||||||||||||
Class W | 9/28/18 | 5.06 | 3.14 | † | 4.12 | † | 0.30 | 0.00 | ||||||||||||||||
Bloomberg Barclays U.S.Aggregate Bond Index | — | 8.93 | 3.36 | 3.88 | — | — |
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
* | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2020, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
$10,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2020. For the purpose of comparison, the graph also shows the change in the value of the Fund’s benchmark during the same period. The performance of the other share classes varies due to differences in expense charges.
Holdings by maturity
% of fixed-income investments | ||
(excluding short-term investments) | ||
as of 3/31/2020 | ||
Less than 1 year | 4.4 | |
1–3 years | 18.8 | |
3–5 years | 25.2 | |
5–10 years | 33.0 | |
Over 10 years | 18.6 | |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments (excluding short-term investments) as of 3/31/2020 | ||
U.S. Treasury & U.S. agency securities* | 24.7 | |
Aaa/AAA | 13.8 | |
Aa/AA | 9.2 | |
A/A | 18.3 | |
Baa/BBB | 27.2 | |
Ba/BB | 2.7 | |
B/B | 2.0 | |
Below B/B | 0.4 | |
Non-rated | 1.7 | |
Total | 100.0 |
* | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg Barclays methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
as of 3/31/2020 | |
Net assets | $6.60 billion |
Portfolio turnover rate | 133% |
Portfolio turnover rate, excluding mortgage dollar-roll transactions | 125% |
Number of issues | 1,770 |
Option-adjusted duration‡ | 5.57 years |
Average maturity§ | 7.66 years |
‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
§ | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 13 |
Expense example
Six months ended March 31, 2020
Core Impact Bond Fund | Beginning account value (10/1/19) | Ending account value (3/31/20) | Expenses paid during period* (10/1/19– 3/31/20) | |||||||||
Actual return | ||||||||||||
Institutional Class | $ | 1,000.00 | $ | 992.77 | $1.79 | |||||||
Advisor Class | 1,000.00 | 992.31 | 2.29 | |||||||||
Premier Class | 1,000.00 | 991.91 | 2.69 | |||||||||
Retirement Class | 1,000.00 | 990.61 | 3.04 | |||||||||
Retail Class | 1,000.00 | 990.47 | 3.18 | |||||||||
5% annual hypothetical return | ||||||||||||
Institutional Class | 1,000.00 | 1,023.20 | 1.82 | |||||||||
Advisor Class | 1,000.00 | 1,022.70 | 2.33 | |||||||||
Premier Class | 1,000.00 | 1,022.30 | 2.73 | |||||||||
Retirement Class | 1,000.00 | 1,021.95 | 3.08 | |||||||||
Retail Class | 1,000.00 | 1,021.80 | 3.23 |
* | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/366. There were 183 days in the six months ended March 31, 2020. The Fund’s annualized six-month expense ratios for that period were 0.36% for the Institutional Class, 0.46% for the Advisor Class, 0.54% for the Premier Class, 0.61% for the Retirement Class and 0.64% for the Retail Class. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
Sector | % of net assets as of 3/31/2020 | |
Corporate bonds | 33.0 | |
Foreign government & corporate bonds denominated in U.S. dollars | 22.1 | |
Municipal bonds | 10.0 | |
Mortgage-backed securities | 9.3 | |
U.S. agency securities | 8.5 | |
Commercial mortgage-backed securities | 6.0 | |
U.S. Treasury securities | 5.9 | |
Asset-backed securities | 3.0 | |
Bank loan obligations | 0.2 | |
Preferred stock | 0.5 | |
Short-term investments, other assets & liabilities, net | 1.5 | |
Total | 100.0 |
Performance for the twelve months ended March 31, 2020
The Core Impact Bond Fund (formerly Social Choice Bond Fund) returned 4.74% for the Institutional Class, compared with the 8.93% return of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. The Fund utilizes certain environmental, social and governance criteria, while the benchmark does not. The performance table shows returns for all share classes of the Fund.
Fed took strong action to support economy and financial markets
The U.S. economy expanded at a steady pace for most of the period, but it was rattled by the effects of the COVID-19 pandemic, which hit the United States hard in March 2020. Containment efforts around the world have disrupted business and manufacturing operations, closed restaurants and retail stores and restricted travel. The unemployment rate, which had remained at historically low levels for much of the period, increased from 3.6% in April 2019 to 4.4% in March 2020. Core inflation, which measures all items except food and energy, rose 2.1% over the twelve months ended March 2020. Crude oil prices declined sharply from nearly $62 to $21 per barrel.
In March, the Federal Reserve responded to the crisis by taking swift action and substantially lowered the federal funds target rate—a key short-term interest-rate measure—to 0.00%–0.25%. Meanwhile, the federal government enacted a massive stimulus measure to inject $2.2 trillion into the U.S. economy.
Fixed-income markets generated positive returns for the period in all major categories other than high-yield bonds. Strong gains over the first eleven months were tempered by weaker results in March 2020. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, performed best, followed by shorter-term bonds, U.S. Treasury inflation-protected securities (TIPS) and municipal bonds.
U.S. Treasuries and MBS drove the benchmark’s performance
All of the sectors within the Bloomberg Barclays U.S. Aggregate Bond Index posted positive returns for the twelve months. Treasury bonds, which made up 39.7% of the index at period-end, returned a robust 13.2%. U.S. Treasuries rallied sharply amid falling interest rates and a flight to safety during the latter weeks of the period. Mortgage-backed securities (MBS), the second-largest sector in the index with a weighting of 26.5%, gained 7.2%. Corporate bonds, which represented 24.9% of the benchmark at period-end, gained 5.0%. Smaller sectors, including government credit securities, government agency securities and commercial mortgage-backed securities, also delivered solid gains, returning 7.3%, 4.7% and 6.1%, respectively.
Fund advanced but lagged its benchmark
The Fund underperformed its benchmark over the twelve-month period. Unfavorable yield curve positioning among U.S. Treasury holdings—how the Fund was invested across different bond maturities—was the largest detractor from relative results. The Fund’s holdings in the MBS sector also detracted, as did overweight positions in the commercial mortgage-backed securities and asset-backed securities sectors.
By contrast, the Fund’s holdings of government agency securities and municipal bonds bolstered its relative performance. Fund positions in the corporate bond sector—its largest weighting—were also beneficial.
14 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2020
Core Impact Bond Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||||
Inception date | 1 year | 5 years | since inception | gross | net | |||||||||||||||||||
Institutional Class | 9/21/12 | 4.74 | % | 2.94 | % | 3.39 | % | 0.37 | % | 0.37 | % | |||||||||||||
Advisor Class | 12/4/15 | 4.64 | 2.87 | † | 3.34 | † | 0.44 | 0.44 | ||||||||||||||||
Premier Class | 9/21/12 | 4.57 | 2.79 | 3.24 | 0.55 | 0.55 | ||||||||||||||||||
Retirement Class | 9/21/12 | 4.38 | 2.68 | 3.13 | 0.62 | 0.62 | ||||||||||||||||||
Retail Class | 9/21/12 | 4.35 | 2.64 | 3.08 | 0.65 | 0.65 | ||||||||||||||||||
Bloomberg Barclays U.S. Aggregate Bond Index | — | 8.93 | 3.36 | 3.03 | ‡ | — | — |
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
* | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2020, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. |
† | The performance shown for the Advisor Class that is prior to its inception date is based on performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class. If these actual expenses had been reflected, the performance of the Advisor Class shown for these periods would have been different because the Advisor Class has different expenses than the Institutional Class. |
‡ | Performance is calculated from the inception date of the Institutional Class. |
$10,000 invested at Fund’s inception
Institutional Class (inception September 21, 2012)
Ending amounts are as of March 31, 2020. For the purpose of comparison, the graph also shows the change in the value of the Fund’s benchmark during the same period. The performance of the other share classes varies due to differences in expense charges.
Holdings by maturity
% of fixed-income investments (excluding short-term investments) as of 3/31/2020 | ||
Less than 1 year | 4.9 | |
1–3 years | 18.5 | |
3–5 years | 22.6 | |
5–10 years | 29.0 | |
Over 10 years | 25.0 | |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments (excluding short-term investments) as of 3/31/2020 | ||
U.S. Treasury & U.S. agency securities* | 23.2 | |
Aaa/AAA | 11.0 | |
Aa/AA | 14.6 | |
A/A | 23.1 | |
Baa/BBB | 20.5 | |
Ba/BB | 2.9 | |
B/B | 0.3 | |
Below B/B | 0.2 | |
Non-rated | 4.2 | |
Total | 100.0 |
* | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg Barclays methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
as of 3/31/2020 | |
Net assets | $4.94 billion |
Portfolio turnover rate | 115% |
Portfolio turnover rate, excluding mortgage dollar-roll transactions | 110% |
Number of issues | 1,088 |
Option-adjusted duration‡ | 5.93 years |
Average maturity§ | 9.02 years |
‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
§ | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 15 |
Expense example
Six months ended March 31, 2020
Expenses | |||
paid | |||
Beginning | Ending | during | |
account | account | period* | |
Core Plus | value | value | (10/1/19– |
Bond Fund | (10/1/19) | (3/31/20) | 3/31/20) |
Actual return | |||
Institutional Class | $1,000.00 | $ 981.10 | $1.49 |
Advisor Class | 1,000.00 | 981.69 | 1.83 |
Premier Class | 1,000.00 | 981.29 | 2.23 |
Retirement Class | 1,000.00 | 980.86 | 2.72 |
Retail Class | 1,000.00 | 979.66 | 3.02 |
Class W | 1,000.00 | 982.56 | 0.00 |
5% annual hypothetical return | |||
Institutional Class | 1,000.00 | 1,023.50 | 1.52 |
Advisor Class | 1,000.00 | 1,023.15 | 1.87 |
Premier Class | 1,000.00 | 1,022.75 | 2.28 |
Retirement Class | 1,000.00 | 1,022.25 | 2.78 |
Retail Class | 1,000.00 | 1,021.95 | 3.08 |
Class W | 1,000.00 | 1,025.00 | 0.00 |
* | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/366. There were 183 days in the six months ended March 31, 2020. The Fund’s annualized six-month expense ratios for that period were 0.30% for the Institutional Class, 0.37% for the Advisor Class, 0.45% for the Premier Class, 0.55% for the Retirement Class, 0.61% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
% of net assets | |
Sector | as of 3/31/2020 |
Corporate bonds | 28.9 |
Mortgage-backed securities | 21.3 |
Foreign government & corporate bonds denominated in U.S. dollars | 12.5 |
U.S. Treasury securities | 9.4 |
Commercial mortgage-backed securities | 8.9 |
Asset-backed securities | 7.0 |
Municipal bonds | 4.9 |
Bank loan obligations | 2.4 |
Short-term investments, | |
other assets & liabilities, net | 4.7 |
Total | 100.0 |
Performance for the twelve months ended March 31, 2020
The Core Plus Bond Fund (formerly the Bond Plus Fund) returned 3.31% for the Institutional Class, compared with the 8.93% return of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. The performance table shows returns for all share classes of the Fund.
Fed took strong action to support economy and financial markets
The U.S. economy expanded at a steady pace for most of the period, but it was rattled by the effects of the COVID-19 pandemic, which hit the United States hard in March 2020. Containment efforts around the world have disrupted business and manufacturing operations, closed restaurants and retail stores and restricted travel. The unemployment rate, which had remained at historically low levels for much of the period, increased from 3.6% in April 2019 to 4.4% in March 2020. Core inflation, which measures all items except food and energy, rose 2.1% over the twelve months ended March 2020. Crude oil prices declined sharply from nearly $62 to $21 per barrel.
In March, the Federal Reserve responded to the crisis by taking swift action and substantially lowered the federal funds target rate—a key short-term interest-rate measure—to 0.00%–0.25%. Meanwhile, the federal government enacted a massive stimulus measure to inject $2.2 trillion into the U.S. economy.
Fixed-income markets generated positive returns for the period in all major categories other than high-yield bonds. Strong gains over the first eleven months were tempered by weaker results in March 2020. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, performed best, followed by shorter-term bonds, U.S. Treasury inflation-protected securities (TIPS) and municipal bonds.
U.S. Treasuries and MBS drove the benchmark’s performance
All of the sectors within the Bloomberg Barclays U.S. Aggregate Bond Index posted positive returns for the twelve months. Treasury bonds, which made up 39.7% of the index at period-end, returned a robust 13.2%. U.S. Treasuries rallied sharply amid falling interest rates and a flight to safety during the latter weeks of the period. Mortgage-backed securities (MBS), the second-largest sector in the index with a weighting of 26.5%, gained 7.2%. Corporate bonds, which represented 24.9% of the benchmark at period-end, gained 5.0%. Smaller sectors, including government credit securities, government agency securities, and commercial mortgage-backed securities, also delivered solid gains, returning 7.3%, 4.7% and 6.1%, respectively.
Fund trailed its benchmark
The Fund’s return trailed that of its benchmark for the twelve-month period. Yield curve positioning within U.S. Treasuries—how the Fund was invested across different bond maturities—detracted most from relative performance. An overweight position in the corporate bond sector, which declined sharply in the final weeks of the period, was the second-largest detractor, followed by an overweight in asset-backed securities. Fund holdings in the MBS sector also limited its performance versus the benchmark.
On the positive side, the Fund’s position in the municipal bond sector bolstered its relative performance for the period.
16 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2020
Core Plus Bond Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||
Inception date | 1 year | 5 years | 10 years | gross | net | |||||||||||||||||
Institutional Class | 3/31/06 | 3.31 | % | 2.90 | % | 4.24 | % | 0.30 | % | 0.30 | % | |||||||||||
Advisor Class | 12/4/15 | 3.24 | 2.86 | † | 4.22 | † | 0.35 | 0.35 | ||||||||||||||
Premier Class | 9/30/09 | 3.16 | 2.75 | 4.09 | 0.45 | 0.45 | ||||||||||||||||
Retirement Class | 3/31/06 | 3.06 | 2.66 | 3.99 | 0.55 | 0.55 | ||||||||||||||||
Retail Class | 3/31/06 | 2.90 | 2.58 | 3.92 | 0.62 | 0.62 | ||||||||||||||||
Class W | 9/28/18 | 3.52 | 2.99 | † | 4.29 | † | 0.31 | 0.00 | ||||||||||||||
Bloomberg Barclays U.S. Aggregate Bond Index | — | 8.93 | 3.36 | 3.88 | — | — |
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
* | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2020, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
$10,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2020. For the purpose of comparison, the graph also shows the change in the value of the Fund’s benchmark during the same period. The performance of the other share classes varies due to differences in expense charges.
Holdings by maturity
% of fixed-income investments | |
(excluding short-term investments) | |
as of 3/31/2020 | |
Less than 1 year | 5.4 |
1–3 years | 16.0 |
3–5 years | 30.9 |
5–10 years | 29.7 |
Over 10 years | 18.0 |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments | |
(excluding short-term investments) | |
as of 3/31/2020 | |
U.S. Treasury & U.S. agency securities* | 30.3 |
Aaa/AAA | 7.7 |
Aa/AA | 6.9 |
A/A | 17.5 |
Baa/BBB | 24.2 |
Ba/BB | 5.8 |
B/B | 3.6 |
Below B/B | 0.9 |
Non-rated | 3.1 |
Total | 100.0 |
* | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg Barclays methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
as of 3/31/2020 | |
Net assets | $4.57 billion |
Portfolio turnover rate | 94% |
Portfolio turnover rate, excluding mortgage dollar-roll transactions | 85% |
Number of issues | 1,692 |
Option-adjusted duration‡ | 5.32 years |
Average maturity§ | 7.91 years |
‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
§ | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 17 |
5–15 Year Laddered Tax-Exempt Bond Fund
Expense example
Six months ended March 31, 2020
Expenses | |||
paid | |||
5–15 Year | Beginning | Ending | during |
Laddered | account | account | period* |
Tax-Exempt | value | value | (10/1/19– |
Bond Fund | (10/1/19) | (3/31/20) | 3/31/20) |
Actual return | |||
Institutional Class | $1,000.00 | $ 983.25 | $1.49 |
Advisor Class | 1,000.00 | 982.85 | 1.88 |
Retail Class | 1,000.00 | 981.93 | 2.87 |
5% annual hypothetical return | |||
Institutional Class | 1,000.00 | 1,023.50 | 1.52 |
Advisor Class | 1,000.00 | 1,023.10 | 1.92 |
Retail Class | 1,000.00 | 1,022.10 | 2.93 |
* | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/366. There were 183 days in the six months ended March 31, 2020. The Fund’s annualized six-month expense ratios for that period were 0.30% for the Institutional Class, 0.38% for the Advisor Class and 0.58% for the Retail Class. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
% of net assets | |
Sector | as of 3/31/2020 |
Municipal bonds | 96.3 |
Short-term investments, other assets & liabilities, net | 3.7 |
Total | 100.0 |
Performance for the twelve months ended March 31, 2020
The 5–15 Year Laddered Tax-Exempt Bond Fund returned 2.21% for the Institutional Class, compared with the 4.00% return of its benchmark, the Bloomberg Barclays 10-Year Municipal Bond Index. The performance table shows returns for all the share classes of the Fund.
Fed took strong action to support economy and financial markets
The U.S. economy expanded at a steady pace for most of the period, but it was rattled by the effects of the COVID-19 pandemic, which hit the United States hard in March 2020. Containment efforts around the world have disrupted business and manufacturing operations, closed restaurants and retail stores and restricted travel. The unemployment rate, which had remained at historically low levels for much of the period, increased from 3.6% in April 2019 to 4.4% in March 2020. Core inflation, which measures all items except food and energy, rose 2.1% over the twelve months ended March 2020. Crude oil prices declined sharply from nearly $62 to $21 per barrel.
In March, the Federal Reserve responded to the crisis by taking swift action and substantially lowered the federal funds target rate—a key short-term interest-rate measure—to 0.00%–0.25%. Meanwhile, the federal government enacted a massive stimulus measure to inject $2.2 trillion into the U.S. economy.
Fixed-income markets generated positive returns for the period in all major categories other than high-yield bonds. Strong gains over the first eleven months were tempered by weaker results in March 2020. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, performed best, followed by shorter-term bonds, U.S. Treasury inflation-protected securities (TIPS) and municipal bonds.
Every benchmark sector gained ground
All of the sectors in the Bloomberg Barclays 10-Year Municipal Bond Index produced positive results for the twelve-month period. The housing sector generated the strongest gain with a return of 2.8%. The local general obligations (GO) and industrial development sectors were the next-best performers, with gains of 2.7% and 2.3%, respectively. State GO, the index’s largest sector by market capitalization at period-end, gained 2.2%. Transportation, the second-largest sector, returned 0.9%. The lease-backed sector posted the benchmark’s smallest advance with a gain of 0.5%.
On March 31, 2020, higher-rated 10-year AAA municipal bonds yielded 1.44%, compared with a 0.70% yield on the 10-year U.S. Treasury bond. New municipal issuance during the twelve-month period was $379 billion, up from $346 billion for the prior period, from April 1, 2018, through March 31, 2019.
Fund’s gains fell short of benchmark results
For the twelve-month period, the Fund underperformed its benchmark, primarily due to its positions in the state GO, industrial development and local GO sectors. However, the Fund’s relative performance benefited from its holdings in the health care, transportation and housing sectors.
18 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2020
5–15 Year Laddered Tax-Exempt Bond Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||
Inception date | 1 year | 5 years | 10 years | gross | net | |||||||||||||||||
Institutional Class | 3/31/06 | 2.21 | % | 2.44 | % | 3.48 | % | 0.33 | % | 0.30 | % | |||||||||||
Advisor Class | 12/4/15 | 2.14 | 2.41 | † | 3.46 | † | 0.43 | 0.41 | ||||||||||||||
Retail Class | 3/31/06 | 1.93 | 2.14 | 3.21 | 0.61 | 0.59 | ||||||||||||||||
Bloomberg Barclays 10-Year Municipal Bond Index | — | 4.00 | 3.34 | 4.45 | — | — |
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
* | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2020, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. |
† | The performance shown for the Advisor Class that is prior to its inception date is based on performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class. If these actual expenses had been reflected, the performance of the Advisor Class shown for these periods would have been different because the Advisor Class has different expenses than the Institutional Class. |
$10,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2020. For the purpose of comparison, the graph also shows the change in the value of the Fund’s benchmark during the same period. The performance of the other share classes varies due to differences in expense charges.
Holdings by maturity
% of fixed-income investments | |
(excluding short-term investments) | |
as of 3/31/2020 | |
Less than 1 year | 1.7 |
1–3 years | 3.3 |
3–5 years | 4.5 |
5–10 years | 46.8 |
Over 10 years | 43.7 |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments | |
(excluding short-term investments) | |
as of 3/31/2020 | |
Aaa/AAA | 0.2 |
Aa/AA | 16.3 |
A/A | 48.2 |
Baa/BBB | 20.4 |
Ba/BB | 2.3 |
B/B | 1.5 |
Non-rated | 11.1 |
Total | 100.0 |
Credit quality ratings are based on the Bloomberg Barclays methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
as of 3/31/2020 | |
Net assets | $270.39 million |
Portfolio turnover rate | 21% |
Number of issues | 229 |
Option-adjusted duration‡ | 5.40 years |
Average maturity§ | 9.75 years |
‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
§ | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 19 |
Expense example
Six months ended March 31, 2020
Expenses | |||
paid | |||
Beginning | Ending | during | |
account | account | period* | |
value | value | (10/1/19– | |
Green Bond Fund | (10/1/19) | (3/31/20) | 3/31/20) |
Actual return | |||
Institutional Class | $1,000.00 | $ 976.77 | $2.22 |
Advisor Class | 1,000.00 | 976.73 | 2.27 |
Premier Class | 1,000.00 | 976.04 | 2.96 |
Retirement Class | 1,000.00 | 975.95 | 3.06 |
Retail Class | 1,000.00 | 975.45 | 3.56 |
5% annual hypothetical return | |||
Institutional Class | 1,000.00 | 1,022.75 | 2.28 |
Advisor Class | 1,000.00 | 1,022.70 | 2.33 |
Premier Class | 1,000.00 | 1,022.00 | 3.03 |
Retirement Class | 1,000.00 | 1,021.90 | 3.13 |
Retail Class | 1,000.00 | 1,021.40 | 3.64 |
* | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/366. There were 183 days in the six months ended March 31, 2020. The Fund’s annualized six-month expense ratios for that period were 0.45% for the Institutional Class, 0.46% for the Advisor Class, 0.60% for the Premier Class, 0.62% for the Retirement Class and 0.72% for the Retail Class. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
% of net assets | |
Sector | as of 3/31/2020 |
Foreign government & corporate bonds denominated in U.S. dollars | 29.4 |
Corporate bonds | 29.1 |
Municipal bonds | 13.4 |
Asset-backed securities | 9.2 |
Commercial mortgage-backed securities | 8.3 |
U.S. agency securities | 4.1 |
Bank loan obligations | 1.3 |
Preferred stock | 1.9 |
Short-term investments, other assets & liabilities, net | 3.3 |
Total | 100.0 |
Performance for the twelve months ended March 31, 2020
The Green Bond Fund returned 2.94% for the Institutional Class, compared with the 6.72% return of its benchmark, the Bloomberg Barclays MSCI U.S. Green Bond Index. The performance table shows returns for all share classes of the Fund.
Fed took strong action to support economy and financial markets
The U.S. economy expanded at a steady pace for most of the period, but it was rattled by the effects of the COVID-19 pandemic, which hit the United States hard in March 2020. Containment efforts around the world have disrupted business and manufacturing operations, closed restaurants and retail stores and restricted travel. The unemployment rate, which had remained at historically low levels for much of the period, increased from 3.6% in April 2019 to 4.4% in March 2020. Core inflation, which measures all items except food and energy, rose 2.1% over the twelve months ended March 2020. Crude oil prices declined sharply from nearly $62 to $21 per barrel.
In March, the Federal Reserve responded to the crisis by taking swift action and substantially lowered the federal funds target rate—a key short-term interest-rate measure—to 0.00%–0.25%. Meanwhile, the federal government enacted a massive stimulus measure to inject $2.2 trillion into the U.S. economy.
Fixed-income markets generated positive returns for the period in all major categories other than high-yield bonds. Strong gains over the first eleven months were tempered by weaker results in March 2020. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, performed best, followed by shorter-term bonds, U.S. Treasury inflation-protected securities (TIPS) and municipal bonds.
Corporate and government credit sectors drove benchmark’s performance
All of the sectors within the Bloomberg Barclays MSCI U.S. Green Bond Index posted positive returns for the twelve months. Corporate bonds, the largest sector in the index with a weighting of 48.8% at period-end, returned 5.9%. Corporate bonds benefited from strong economic growth for most of the period, but they declined sharply in the latter weeks in the wake of the COVID-19 coronavirus pandemic. Government credit securities, the index’s second-largest sector with a weighting of 31.6%, gained 8.3%. Government agency bonds, the benchmark’s third-largest sector at 17.8%, advanced 6.6%. Commercial mortgage-backed securities, which represent just 0.6% of the index, had the highest return, gaining 12.2%.
Fund trailed its benchmark
The Fund trailed its benchmark for the twelve-month period. The Fund’s holdings of government credit securities detracted most from its relative performance versus the index, and this was primarily due to yield curve positioning—how the fund was invested across different bond maturities in this sector. The Fund’s position in the corporate bond sector was the next-largest detractor, followed by its overweight position in asset-backed securities.
On the positive side, the Fund’s holdings of municipal bonds, which are not in the benchmark, bolstered its relative performance for the period.
20 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2020
Green Bond Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||
Inception date | 1 year | since inception | gross | net | ||||||||||||||
Institutional Class | 11/16/18 | 2.94 | % | 5.63 | % | 1.05 | % | 0.45 | % | |||||||||
Advisor Class | 11/16/18 | 2.93 | 5.58 | 1.15 | 0.53 | |||||||||||||
Premier Class | 11/16/18 | 2.79 | 5.47 | 1.19 | 0.60 | |||||||||||||
Retirement Class | 11/16/18 | 2.77 | 5.46 | 1.30 | 0.70 | |||||||||||||
Retail Class | 11/16/18 | 2.69 | 5.37 | 1.53 | 0.80 | |||||||||||||
Bloomberg Barclays MSCI U.S.Green Bond Index | — | 6.72 | 9.11 | ‡ | — | — |
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
* | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2020, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. |
‡ | Performance is calculated from the inception date of the Institutional Class. |
$10,000 invested at Fund’s inception
Institutional Class (inception November 16, 2018)
Ending amounts are as of March 31, 2020. For the purpose of comparison, the graph also shows the change in the value of the Fund’s benchmark during the same period. The performance of the other share classes varies due to differences in expense charges.
Holdings by maturity
% of fixed-income investments | |
(excluding short-term investments) | |
as of 3/31/2020 | |
Less than 1 year | 2.0 |
1–3 years | 18.2 |
3–5 years | 20.7 |
5–10 years | 36.2 |
Over 10 years | 22.9 |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments | |
(excluding short-term investments) | |
as of 3/31/2020 | |
U.S. Treasury & U.S. agency securities* | 4.2 |
Aaa/AAA | 20.4 |
Aa/AA | 14.9 |
A/A | 26.0 |
Baa/BBB | 14.9 |
Ba/BB | 5.1 |
B/B | 1.3 |
Below B/B | 1.2 |
Non-rated | 12.0 |
Total | 100.0 |
* | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg Barclays methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
as of 3/31/2020 | |
Net assets | $33.22 million |
Portfolio turnover rate | 37% |
Number of issues | 94 |
Option-adjusted duration‡ | 6.48 years |
Average maturity§ | 9.36 years |
‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
§ | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 21 |
Expense example
Six months ended March 31, 2020
High-Yield Fund | Beginning account value (10/1/19) | Ending account value (3/31/20) | Expenses paid during period* (10/1/19– 3/31/20) |
Actual return | |||
Institutional Class | $1,000.00 | $ 885.25 | $1.65 |
Advisor Class | 1,000.00 | 883.71 | 2.17 |
Premier Class | 1,000.00 | 883.83 | 2.35 |
Retirement Class | 1,000.00 | 883.24 | 2.82 |
Retail Class | 1,000.00 | 882.64 | 2.97 |
Class W | 1,000.00 | 886.80 | 0.00 |
5% annual hypothetical return | |||
Institutional Class | 1,000.00 | 1,023.25 | 1.77 |
Advisor Class | 1,000.00 | 1,022.70 | 2.33 |
Premier Class | 1,000.00 | 1,022.50 | 2.53 |
Retirement Class | 1,000.00 | 1,022.00 | 3.03 |
Retail Class | 1,000.00 | 1,021.85 | 3.18 |
Class W | 1,000.00 | 1,025.00 | 0.00 |
* | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/366. There were 183 days in the six months ended March 31, 2020. The Fund’s annualized six-month expense ratios for that period were 0.35% for the Institutional Class, 0.46% for the Advisor Class, 0.50% for the Premier Class, 0.60% for the Retirement Class, 0.63% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
Sector | % of net assets as of 3/31/2020 |
Corporate bonds | 69.2 |
Foreign government & corporate bonds denominated in U.S. dollars | 9.9 |
Bank loan obligations | 7.1 |
Common stocks & rights | 1.4 |
Short-term investments, other assets & liabilities, net | 12.4 |
Total | 100.0 |
Performance for the twelve months ended March 31, 2020
The High-Yield Fund returned –7.96% for the Institutional Class, compared with the –5.51% return of its benchmark, the ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index. The performance table shows returns for all share classes of the Fund.
Fed took strong action to support economy and financial markets
The U.S. economy expanded at a steady pace for most of the period, but it was rattled by the effects of the COVID-19 pandemic, which hit the United States hard in March 2020. Containment efforts around the world have disrupted business and manufacturing operations, closed restaurants and retail stores and restricted travel. Core inflation, which measures all items except food and energy, rose 2.1% over the twelve months ended March 2020. Crude oil prices declined sharply from nearly $62 to $21 per barrel. The movement of oil prices can be influential due to the large representation of energy companies in the high-yield sector.
In March, the Federal Reserve responded to the crisis by taking swift action and substantially lowered the federal funds target rate—a key short-term interest-rate measure—to 0.00%–0.25%. Meanwhile, the federal government enacted a massive stimulus measure to inject $2.2 trillion into the U.S. economy.
For the twelve-month period, high-yield bonds trailed the 8.93% return of the broad U.S. investment-grade fixed-rate bond market, as measured by the Bloomberg Barclays U.S. Aggregate Bond Index.
Most sectors posted declines
For the twelve months, most high-yield bond sectors posted negative returns. Department stores, one of the benchmark’s smallest sectors on March 31, 2020, was the worst performer, returning –50.5%. The best performer was wireless telecommunications, advancing 10.1%.
High-yield bonds posted negative results across all credit quality tiers for the twelve months as investors favored higher-rated bonds, such as U.S. Treasuries, amid the uncertainty surrounding COVID-19 at period-end. Bonds rated “BB” and “B” returned –3.5% and –9.2%, respectively. Lower-quality bonds (those rated “CCC” and below) suffered a loss at –20.9%. New high-yield debt issuance totaled more than $275 billion for the twelve months, up substantially from the $160 billion for the same period in 2019, as volumes were particularly sizable in November and January. The U.S. issuer-weighted speculative grade default rate rose to 4.7% on March 31, 2020, from 2.7% (revised from 2.4%) a year earlier, according to Moody’s Investors Service.
Fund trailed its benchmark
For the twelve-month period, the Fund declined and trailed its benchmark as certain investment decisions did not perform as anticipated. Holdings in the energy sector detracted most from the Fund’s relative performance as oil and gas producers struggled amid substantial declines in oil prices. An out-of-benchmark holding in energy company California Resources and overweight positions in Denbury Resources, EP Energy and SM Energy were the largest detractors from relative returns.
These negative effects were partly offset by an overweight position in PetSmart as the retail pet supply chain produced sizable gains for the period. Not owning gas distributor DCP Midstream and Callon Petroleum was also beneficial, as was an overweight position in technology hardware and equipment company CommScope.
22 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2020
High-Yield Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||
Inception date | 1 year | 5 years | 10 years | gross | net | |||||||||||||||||
Institutional Class | 3/31/06 | –7.96 | % | 2.23 | % | 5.27 | % | 0.36 | % | 0.36 | % | |||||||||||
Advisor Class | 12/4/15 | –8.08 | 2.12 | † | 5.21 | † | 0.47 | 0.47 | ||||||||||||||
Premier Class | 9/30/09 | –8.09 | 2.10 | 5.13 | 0.51 | 0.51 | ||||||||||||||||
Retirement Class | 3/31/06 | –8.19 | 1.98 | 5.01 | 0.61 | 0.61 | ||||||||||||||||
Retail Class | 3/31/06 | –8.27 | 1.95 | 4.99 | 0.63 | 0.63 | ||||||||||||||||
Class W | 9/28/18 | –7.64 | 2.33 | † | 5.32 | † | 0.36 | 0.00 | ||||||||||||||
ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index | — | –5.51 | 2.92 | 5.61 | — | — |
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
* | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2020, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
$10,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2020. For the purpose of comparison, the graph also shows the change in the value of the Fund’s benchmark during the same period. The performance of the other share classes varies due to differences in expense charges.
Holdings by maturity
% of fixed-income investments (excluding short-term investments) as of 3/31/2020 | |
Less than 1 year | 1.6 |
1–3 years | 6.9 |
3–5 years | 25.3 |
5–10 years | 63.9 |
Over 10 years | 2.3 |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments (excluding short-term investments) as of 3/31/2020 | |
Baa/BBB | 0.1 |
Ba/BB | 44.0 |
B/B | 48.5 |
Below B/B | 5.1 |
Non-rated | 2.3 |
Total | 100.0 |
Credit quality ratings are based on the ICE BofA Index composite ratings methodology, which is a simple average of ratings from Moody’s, Standard & Poor’s and Fitch. If only two of the designated agencies rate a bond, the composite rating is based on an average of the two. Likewise, if only one of the designated agencies rates a bond, the composite rating is based on that one rating.
Fund profile
as of 3/31/2020 | |
Net assets | $3.25 billion |
Portfolio turnover rate | 42% |
Number of issues | 416 |
Option-adjusted duration‡ | 3.50 years |
Average maturity§ | 5.48 years |
‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
§ | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 23 |
Expense example
Six months ended March 31, 2020
Inflation-Linked Bond Fund | Beginning account value (10/1/19) | Ending account value (3/31/20) | Expenses paid during period* (10/1/19– 3/31/20) |
Actual return | |||
Institutional Class | $1,000.00 | $1,012.95 | $1.16 |
Advisor Class | 1,000.00 | 1,013.37 | 1.61 |
Premier Class | 1,000.00 | 1,012.18 | 1.91 |
Retirement Class | 1,000.00 | 1,012.42 | 2.41 |
Retail Class | 1,000.00 | 1,011.68 | 2.77 |
Class W | 1,000.00 | 1,014.14 | 0.00 |
5% annual hypothetical return | |||
Institutional Class | 1,000.00 | 1,023.85 | 1.16 |
Advisor Class | 1,000.00 | 1,023.40 | 1.62 |
Premier Class | 1,000.00 | 1,023.10 | 1.92 |
Retirement Class | 1,000.00 | 1,022.60 | 2.43 |
Retail Class | 1,000.00 | 1,022.25 | 2.78 |
Class W | 1,000.00 | 1,025.00 | 0.00 |
* | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/366. There were 183 days in the six months ended March 31, 2020. The Fund’s annualized six-month expense ratios for that period were 0.23% for the Institutional Class, 0.32% for the Advisor Class, 0.38% for the Premier Class, 0.48% for the Retirement Class, 0.55% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
Sector | % of net assets as of 3/31/2020 |
U.S. Treasury securities | 95.6 |
U.S. agency securities | 1.6 |
Mortgage-backed securities | 1.2 |
Short-term investments, other assets & liabilities, net | 1.6 |
Total | 100.0 |
Performance for the twelve months ended March 31, 2020
The Inflation-Linked Bond Fund returned 4.36% for the Institutional Class, compared with the 4.50% return of its benchmark, the Bloomberg Barclays U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index. The performance table shows returns for all share classes of the Fund.
Fed took strong action to support economy and financial markets
The U.S. economy expanded at a steady pace for most of the period, but it was rattled by the effects of the COVID-19 pandemic, which hit the United States hard in March 2020. Containment efforts around the world have disrupted business and manufacturing operations, closed restaurants and retail stores and restricted travel. The unemployment rate, which had remained at historically low levels for much of the period, increased from 3.6% in April 2019 to 4.4% in March 2020. Core inflation, which measures all items except food and energy, rose 2.1% over the twelve months ended March 2020. Crude oil prices declined sharply from nearly $62 to $21 per barrel.
In March, the Federal Reserve responded to the crisis by taking swift action and substantially lowered the federal funds target rate—a key short-term interest-rate measure—to 0.00%–0.25%. Meanwhile, the federal government enacted a massive stimulus measure to inject $2.2 trillion into the U.S. economy.
Fixed-income markets generated positive returns for the period in all major categories other than high-yield bonds. Strong gains over the first eleven months were tempered by weaker results in March 2020. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, performed best, followed by shorter-term bonds, U.S. Treasury inflation-protected securities and municipal bonds.
Inflation-protected bonds, as measured by the TIPS 1–10 Year index, advanced for the period but trailed the gains of the Bloomberg Barclays U.S. Aggregate Bond Index.
Fund trailed its benchmark
While the Fund posted gains for the twelve-month period, its return trailed that of its benchmark, primarily due to the effect of expenses. Within the Fund’s TIPS holdings, yield curve positioning—which measures how the Fund was invested across different bond maturities—detracted from relative performance. On the positive side, the Fund’s out-of-benchmark positions in mortgage-backed securities and government agency bonds boosted its performance versus the benchmark.
During the period, the Fund’s portfolio managers aligned the Fund’s duration—a measure of the Fund’s sensitivity to interest-rate changes—close to that of the TIPS 1–10 Year index. This investment strategy helped the Fund’s risk and reward characteristics to remain in line with those of its benchmark.
24 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2020
Inflation-Linked Bond Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||
Inception | ||||||||||||||||||||||
date | 1 year | 5 years | 10 years | gross | net | |||||||||||||||||
Institutional Class | 10/1/02 | 4.36 | % | 1.75 | % | 2.90 | % | 0.26 | % | 0.26 | % | |||||||||||
Advisor Class | 12/4/15 | 4.38 | 1.69 | † | 2.87 | † | 0.36 | 0.36 | ||||||||||||||
Premier Class | 9/30/09 | 4.26 | 1.60 | 2.75 | 0.41 | 0.41 | ||||||||||||||||
Retirement Class | 3/31/06 | 4.18 | 1.49 | 2.64 | 0.51 | 0.51 | ||||||||||||||||
Retail Class | 10/1/02 | 4.07 | 1.44 | 2.60 | 0.58 | 0.58 | ||||||||||||||||
Class W | 9/28/18 | 4.67 | 1.82 | † | 2.94 | † | 0.26 | 0.00 | ||||||||||||||
Bloomberg Barclays U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index | — | 4.50 | 2.18 | 2.52 | — | — |
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
* | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2020, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
$10,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2020. For the purpose of comparison, the graph also shows the change in the value of the Fund’s benchmark during the same period. The performance of the other share classes varies due to differences in expense charges.
Holdings by maturity
% of fixed-income investments (excluding short-term investments) as of 3/31/2020 | |
Less than 1 year | 0.1 |
1–3 years | 21.3 |
3–5 years | 30.7 |
5–10 years | 45.9 |
Over 10 years | 2.0 |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments (excluding short-term investments) as of 3/31/2020 | |
U.S. Treasury & U.S. agency securities* | 99.7 |
Non-rated | 0.3 |
Total | 100.0 |
* | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg Barclays methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
as of 3/31/2020 | |
Net assets | $3.43 billion |
Portfolio turnover rate | 26% |
Number of issues | 49 |
Option-adjusted duration‡ | 4.96 years |
Average maturity§ | 5.29 years |
‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
§ | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 25 |
Short Duration Impact Bond Fund
Expense example
Six months ended March 31, 2020
Short Duration Impact Bond Fund | Beginning account value (10/1/19) | Ending account value (3/31/20) | Expenses paid during period* (10/1/19– 3/31/20) |
Actual return | |||
Institutional Class | $1,000.00 | $ 983.38 | $1.74 |
Advisor Class | 1,000.00 | 983.36 | 1.74 |
Premier Class | 1,000.00 | 982.64 | 2.48 |
Retirement Class | 1,000.00 | 982.16 | 2.97 |
Retail Class | 1,000.00 | 981.03 | 4.06 |
5% annual hypothetical return | |||
Institutional Class | 1,000.00 | 1,023.25 | 1.77 |
Advisor Class | 1,000.00 | 1,023.25 | 1.77 |
Premier Class | 1,000.00 | 1,022.50 | 2.53 |
Retirement Class | 1,000.00 | 1,022.00 | 3.03 |
Retail Class | 1,000.00 | 1,020.90 | 4.14 |
* | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/366. There were 183 days in the six months ended March 31, 2020. The Fund’s annualized six-month expense ratios for that period were 0.35% for the Institutional Class, 0.35% for the Advisor Class, 0.50% for the Premier Class, 0.60% for the Retirement Class and 0.82% for the Retail Class. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
Sector | % of net assets as of 3/31/2020 |
Corporate bonds | 31.8 |
Foreign government & corporate bonds denominated in U.S. dollars | 25.7 |
U.S. Treasury securities | 10.3 |
Municipal bonds | 8.0 |
Asset-backed securities | 7.0 |
U.S. agency securities | 6.3 |
Commercial mortgage-backed securities | 4.9 |
Bank loan obligations | 1.5 |
Mortgage-backed securities | 1.0 |
Short-term investments, other assets & liabilities, net | 3.5 |
Total | 100.0 |
Performance for the twelve months ended March 31, 2020
The Short Duration Impact Bond Fund returned 1.08% for the Institutional Class, compared with the 4.53% return of its benchmark, the Bloomberg Barclays U.S. 1–3 Year Government/Credit Index. The performance table shows returns for all share classes of the Fund.
Fed took strong action to support economy and financial markets
The U.S. economy expanded at a steady pace for most of the period, but it was rattled by the effects of the COVID-19 pandemic, which hit the United States hard in March 2020. Containment efforts around the world have disrupted business and manufacturing operations, closed restaurants and retail stores and restricted travel. The unemployment rate, which had remained at historically low levels for much of the period, increased from 3.6% in April 2019 to 4.4% in March 2020. Core inflation, which measures all items except food and energy, rose 2.1% over the twelve months ended March 2020. Crude oil prices declined sharply from nearly $62 to $21 per barrel.
In March, the Federal Reserve responded to the crisis by taking swift action and substantially lowered the federal funds target rate—a key short-term interest-rate measure—to 0.00%–0.25%. Meanwhile, the federal government enacted a massive stimulus measure to inject $2.2 trillion into the U.S. economy.
Fixed-income markets generated positive returns for the period in all major categories other than high-yield bonds. Strong gains over the first eleven months were tempered by weaker results in March 2020. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, performed best, followed by shorter-term bonds, U.S. Treasury inflation-protected securities (TIPS) and municipal bonds.
Short-term Treasuries drove the benchmark’s performance
All of the sectors in the benchmark posted positive returns for the twelve-month period. Short-term Treasuries—by far the largest sector in the benchmark with a weighting of 66.3%—was the index’s best-performing component with a return of 5.4%. Government credit securities and government agency securities both slightly outpaced the benchmark’s return with gains of 4.9% and 4.7%, respectively. The short-term corporate bond sector made up almost one-quarter of the index on March 31, 2020, and it trailed the benchmark’s return with a gain of 1.8%.
Fund advanced but lagged its benchmark
The Fund underperformed its benchmark for the period, primarily due to unfavorable yield curve positioning—how it was invested across different bond maturities—in the U.S. Treasuries sector. An out-of-benchmark allocation to asset-backed securities and an overweight position in corporate bonds also detracted.
26 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2020
Short Duration Impact Bond Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||
Inception date | 1 year | since inception | gross | net | ||||||||||||||
Institutional Class | 11/16/18 | 1.08 | % | 2.25 | % | 0.87 | % | 0.35 | % | |||||||||
Advisor Class | 11/16/18 | 1.07 | 2.20 | 0.97 | 0.43 | |||||||||||||
Premier Class | 11/16/18 | 0.93 | 2.09 | 1.02 | 0.50 | |||||||||||||
Retirement Class | 11/16/18 | 0.83 | 1.99 | 1.12 | 0.60 | |||||||||||||
Retail Class | 11/16/18 | 0.74 | 1.91 | 1.33 | 0.70 | |||||||||||||
Bloomberg Barclays U.S. 1–3 Year Government/Credit Bond Index | — | 4.53 | 4.85 | ‡ | — | — |
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
* | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2020, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. |
‡ | Performance is calculated from the inception date of the Institutional Class. |
$10,000 invested at Fund’s inception
Institutional Class (inception November 16, 2018)
Ending amounts are as of March 31, 2020. For the purpose of comparison, the graph also shows the change in the value of the Fund’s benchmark during the same period. The performance of the other share classes varies due to differences in expense charges.
Holdings by maturity
% of fixed-income investments (excluding short-term investments) as of 3/31/2020 | |
Less than 1 year | 10.1 |
1–3 years | 41.2 |
3–5 years | 42.8 |
5–10 years | 5.5 |
Over 10 years | 0.4 |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments (excluding short-term investments) as of 3/31/2020 | |
U.S. Treasury & U.S. agency securities* | 17.6 |
Aaa/AAA | 13.6 |
Aa/AA | 14.9 |
A/A | 19.2 |
Baa/BBB | 23.2 |
Ba/BB | 1.6 |
B/B | 1.6 |
Non-rated | 8.3 |
Total | 100.0 |
* | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg Barclays methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
as of 3/31/2020 | |
Net assets | $28.58 million |
Portfolio turnover rate | 103% |
Number of issues | 89 |
Option-adjusted duration‡ | 2.41 years |
Average maturity§ | 3.19 years |
‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
§ | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 27 |
Expense example
Six months ended March 31, 2020
Short-Term Bond Fund | Beginning account value (10/1/19) | Ending account value (3/31/20) | Expenses paid during period* (10/1/19– 3/31/20) | |||||||||
Actual return | ||||||||||||
Institutional Class | $ | 1,000.00 | $ | 996.92 | $1.35 | |||||||
Advisor Class | 1,000.00 | 995.59 | 1.70 | |||||||||
Premier Class | 1,000.00 | 996.20 | 2.05 | |||||||||
Retirement Class | 1,000.00 | 995.69 | 2.59 | |||||||||
Retail Class | 1,000.00 | 995.46 | 2.79 | |||||||||
Class W | 1,000.00 | 998.24 | 0.00 | |||||||||
5% annual hypothetical return | ||||||||||||
Institutional Class | 1,000.00 | 1,023.65 | 1.37 | |||||||||
Advisor Class | 1,000.00 | 1,023.30 | 1.72 | |||||||||
Premier Class | 1,000.00 | 1,022.95 | 2.07 | |||||||||
Retirement Class | 1,000.00 | 1,022.40 | 2.63 | |||||||||
Retail Class | 1,000.00 | 1,022.20 | 2.83 | |||||||||
Class W | 1,000.00 | 1,025.00 | 0.00 |
* | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/366. There were 183 days in the six months ended March 31, 2020. The Fund’s annualized six-month expense ratios for that period were 0.27% for the Institutional Class, 0.34% for the Advisor Class, 0.41% for the Premier Class, 0.52% for the Retirement Class, 0.56% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
Sector | % of net assets as of 3/31/2020 | |
Foreign government & corporate bonds denominated in U.S. dollars | 23.3 | |
Corporate bonds | 20.5 | |
U.S. Treasury securities | 19.6 | |
Mortgage-backed securities | 10.6 | |
Commercial mortgage-backed securities | 9.3 | |
Asset-backed securities | 8.1 | |
U.S. agency securities | 4.4 | |
Municipal bonds | 2.3 | |
Bank loan obligations | 1.2 | |
Short-term investments, other assets & liabilities, net | 0.7 | |
Total | 100.0 |
Performance for the twelve months ended March 31, 2020
The Short-Term Bond Fund returned 1.95% for the Institutional Class, compared with the 4.53% return of its benchmark, the Bloomberg Barclays U.S. 1–3 Year Government/Credit Bond Index. The performance table shows returns for all share classes of the Fund.
Fed took strong action to support economy and financial markets
The U.S. economy expanded at a steady pace for most of the period, but it was rattled by the effects of the COVID-19 pandemic, which hit the United States hard in March 2020. Containment efforts around the world have disrupted business and manufacturing operations, closed restaurants and retail stores and restricted travel. The unemployment rate, which had remained at historically low levels for much of the period, increased from 3.6% in April 2019 to 4.4% in March 2020. Core inflation, which measures all items except food and energy, rose 2.1% over the twelve months ended March 2020. Crude oil prices declined sharply from nearly $62 to $21 per barrel.
In March, the Federal Reserve responded to the crisis by taking swift action and substantially lowered the federal funds target rate—a key short-term interest-rate measure—to 0.00%–0.25%. Meanwhile, the federal government enacted a massive stimulus measure to inject $2.2 trillion into the U.S. economy.
Fixed-income markets generated positive returns for the period in all major categories other than high-yield bonds. Strong gains over the first eleven months were tempered by weaker results in March 2020. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, performed best, followed by shorter-term bonds, U.S. Treasury inflation-protected securities (TIPS) and municipal bonds.
Short-term Treasuries drove the benchmark’s performance
All of the sectors in the benchmark posted positive returns for the twelve-month period. Short-term Treasuries—by far the largest sector with a weighting of 66.3%—was the index’s best-performing component with a return of 5.4%. Government credit securities and government agency securities both slightly outpaced the benchmark’s return with gains of 4.9% and 4.7%, respectively. The short-term corporate bond sector made up almost one-quarter of the index on March 31, 2020, and it trailed the benchmark’s return with a gain of 1.8%.
Fund advanced but lagged its benchmark
The Fund underperformed its benchmark for the period, primarily due to unfavorable yield curve positioning—how it was invested across different bond maturities—in the U.S. Treasuries sector. Out-of-benchmark allocations to asset-backed securities and commercial mortgage-backed securities, as well as an underweight position in the government credit sector, also detracted.
On the positive side, the Fund’s holdings of government agency securities contributed most to its relative performance. Out-of-benchmark positions in mortgage-backed securities and municipals also proved constructive.
28 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2020
Short-Term Bond Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||
Inception date | 1 year | 5 years | 10 years | gross | net | |||||||||||||||||
Institutional Class | 3/31/06 | 1.95 | % | 1.82 | % | 2.09 | % | 0.27 | % | 0.27 | % | |||||||||||
Advisor Class | 12/4/15 | 1.76 | 1.75 | † | 2.05 | † | 0.40 | 0.40 | ||||||||||||||
Premier Class | 9/30/09 | 1.80 | 1.67 | 1.93 | 0.42 | 0.42 | ||||||||||||||||
Retirement Class | 3/31/06 | 1.70 | 1.57 | 1.83 | 0.52 | 0.52 | ||||||||||||||||
Retail Class | 3/31/06 | 1.65 | 1.51 | 1.79 | 0.58 | 0.58 | ||||||||||||||||
Class W | 9/28/18 | 2.22 | 1.90 | † | 2.13 | † | 0.27 | 0.00 | ||||||||||||||
Bloomberg Barclays U.S. 1–3 Year Government/Credit Bond Index | — | 4.53 | 1.90 | 1.62 | — | — |
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
* | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2020, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
$10,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2020. For the purpose of comparison, the graph also shows the change in the value of the Fund’s benchmark during the same period. The performance of the other share classes varies due to differences in expense charges.
Holdings by maturity
% of fixed-income investments | |
(excluding short-term investments) | |
as of 3/31/2020 | |
Less than 1 year | 18.0 |
1–3 years | 55.6 |
3–5 years | 16.7 |
5–10 years | 8.4 |
Over 10 years | 1.3 |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments | |
(excluding short-term investments) | |
as of 3/31/2020 | |
U.S. Treasury & U.S. agency securities* | 29.6 |
Aaa/AAA | 13.6 |
Aa/AA | 14.7 |
A/A | 16.2 |
Baa/BBB | 17.8 |
Ba/BB | 3.0 |
B/B | 0.7 |
Below B/B | 0.9 |
Non-rated | 3.5 |
Total | 100.0 |
* | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg Barclays methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
as of 3/31/2020 | |
Net assets | $1.81 billion |
Portfolio turnover rate | 139% |
Number of issues | 453 |
Option-adjusted duration‡ | 2.05 years |
Average maturity§ | 2.64 years |
‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
§ | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 29 |
Expense example
Six months ended March 31, 2020
Short-Term Bond Index Fund | Beginning account value (10/1/19) | Ending account value (3/31/20) | Expenses paid during period* (10/1/19– 3/31/20) | |||||||||
Actual return | ||||||||||||
Institutional Class | $ | 1,000.00 | $ | 1,022.63 | $0.61 | |||||||
Advisor Class | 1,000.00 | 1,021.85 | 1.36 | |||||||||
Premier Class | 1,000.00 | 1,021.89 | 1.36 | |||||||||
Retirement Class | 1,000.00 | 1,021.37 | 1.87 | |||||||||
Retail Class | 1,000.00 | 1,020.57 | 2.68 | |||||||||
Class W | 1,000.00 | 1,023.24 | 0.00 | |||||||||
5% annual hypothetical return | ||||||||||||
Institutional Class | 1,000.00 | 1,024.40 | 0.61 | |||||||||
Advisor Class | 1,000.00 | 1,023.65 | 1.37 | |||||||||
Premier Class | 1,000.00 | 1,023.65 | 1.37 | |||||||||
Retirement Class | 1,000.00 | 1,023.15 | 1.87 | |||||||||
Retail Class | 1,000.00 | 1,022.35 | 2.68 | |||||||||
Class W | 1,000.00 | 1,025.00 | 0.00 |
* | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/366. There were 183 days in the six months ended March 31, 2020. The Fund’s annualized six-month expense ratios for that period were 0.12% for the Institutional Class, 0.27% for the Advisor Class, 0.27% for the Premier Class, 0.37% for the Retirement Class, 0.53% for the Retail Class and 0.00% for Class W. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
Sector | % of net assets as of 3/31/2020 | |
U.S. Treasury securities | 67.5 | |
Corporate bonds | 17.7 | |
Foreign government & corporate bonds denominated in U.S. dollars | 12.2 | |
U.S. agency securities | 2.0 | |
Short-term investments,other assets & liabilities, net | 0.6 | |
Total | 100.0 |
Performance for the twelve months ended March 31, 2020
The Short-Term Bond Index Fund returned 4.41% for the Institutional Class, compared with the 4.53% return of its benchmark, the Bloomberg Barclays U.S. 1–3 Year Government/Credit Bond Index. The performance table shows returns for all share classes of the Fund.
Fed took strong action to support economy and financial markets
The U.S. economy expanded at a steady pace for most of the period, but it was rattled by the effects of the COVID-19 pandemic, which hit the United States hard in March 2020. Containment efforts around the world have disrupted business and manufacturing operations, closed restaurants and retail stores and restricted travel. The unemployment rate, which had remained at historically low levels for much of the period, increased from 3.6% in April 2019 to 4.4% in March 2020. Core inflation, which measures all items except food and energy, rose 2.1% over the twelve months ended March 2020. Crude oil prices declined sharply from nearly $62 to $21 per barrel.
In March, the Federal Reserve responded to the crisis by taking swift action and substantially lowered the federal funds target rate—a key short-term interest-rate measure—to 0.00%–0.25%. Meanwhile, the federal government enacted a massive stimulus measure to inject $2.2 trillion into the U.S. economy.
Fixed-income markets generated positive returns for the period in all major categories other than high-yield bonds. Strong gains over the first eleven months were tempered by weaker results in March 2020. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, performed best, followed by shorter-term bonds, U.S. Treasury inflation-protected securities (TIPS) and municipal bonds.
Short-term Treasuries drove the benchmark’s performance
All of the sectors in the benchmark posted positive returns for the twelve-month period. Short-term Treasuries—by far the largest sector with a weighting of 66.3%—was the index’s best-performing component with a return of 5.4%. Government credit securities and government agency securities both slightly outpaced the benchmark’s return with gains of 4.9% and 4.7%, respectively. The short-term corporate bond sector made up almost one-quarter of the index on March 31, 2020, and it trailed the benchmark’s return with a gain of 1.8%.
Fund advanced but lagged its benchmark
For the twelve months, the Fund underperformed its benchmark. The Fund’s return includes a deduction for expenses, while the benchmark’s does not.
The Fund seeks to maintain the overall characteristics of its benchmark. The Fund’s managers invest in the same sectors that are included in the benchmark and closely match the benchmark’s weightings and maturities. At times, the Fund may also invest in securities not held in the index, but which have investment characteristics that are similar to securities held in the index. During the period, this portfolio had sector returns that were similar to its benchmark, enabling it to resemble the index’s performance.
Throughout the period, the Fund’s managers kept the Fund’s duration—a measure of its sensitivity to interest-rate changes—close to that of its benchmark. This strategy helped the Fund’s risk and reward characteristics to more closely resemble those of its benchmark.
30 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2020
Short-Term Bond Index Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||
Inception | since | |||||||||||||||||
date | 1 year | inception | gross | net | ||||||||||||||
Institutional Class | 8/7/15 | 4.41 | % | 1.86 | % | 0.15 | % | 0.12 | % | |||||||||
Advisor Class | 12/4/15 | 4.25 | 1.76 | † | 0.29 | 0.26 | ||||||||||||
Premier Class | 8/7/15 | 4.25 | 1.69 | 0.31 | 0.27 | |||||||||||||
Retirement Class | 8/7/15 | 4.15 | 1.61 | 0.40 | 0.37 | |||||||||||||
Retail Class | 8/7/15 | 4.05 | 1.52 | 0.58 | 0.44 | |||||||||||||
Class W | 9/28/18 | 4.53 | 1.90 | † | 0.14 | 0.00 | ||||||||||||
Bloomberg Barclays U.S. 1–3 Year Government/Credit Bond Index | — | 4.53 | 2.02 | ‡ | — | — |
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance and 30-day SEC yield information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance would be lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
* | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2020, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class and Class W. If these actual expenses had been reflected, the performance of these two classes shown for these periods would have been different because the Advisor Class and Class W have different expenses than the Institutional Class. |
‡ | Performance is calculated from the inception date of the Institutional Class. |
$10,000 invested at Fund’s inception
Institutional Class (inception August 7, 2015)
Ending amounts are as of March 31, 2020. For the purpose of comparison, the graph also shows the change in the value of the Fund’s benchmark during the same period. The performance of the other share classes varies due to differences in expense charges.
Holdings by maturity
% of fixed-income investments | |
(excluding short-term investments) | |
as of 3/31/2020 | |
Less than 1 year | 4.1 |
1–3 years | 95.1 |
3–5 years | 0.8 |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments | |
(excluding short-term investments) | |
as of 3/31/2020 | |
U.S. Treasury & U.S. agency securities* | 68.7 |
Aaa/AAA | 5.2 |
Aa/AA | 5.2 |
A/A | 11.7 |
Baa/BBB | 9.2 |
Total | 100.0 |
* | These securities are guaranteed by the full faith and credit of the U.S. government. |
Credit quality ratings are based on the Bloomberg Barclays methodology, which uses the median rating of those compiled by the Moody’s, Standard & Poor’s and Fitch ratings agencies. If ratings are available from only two of these agencies, the lower rating is used. When only one rating is available, that one is used. These ratings are subject to change without notice.
Fund profile
as of 3/31/2020 | |
Net assets | $674.68 million |
Portfolio turnover rate | 66% |
Number of issues | 676 |
Option-adjusted duration‡ | 1.83 years |
Average maturity§ | 1.92 years |
‡ | Option-adjusted duration estimates how much the value of a bond portfolio would be affected by a change in prevailing interest rates, taking into account the options embedded in the individual securities. The longer a portfolio’s duration, the more sensitive it is to changes in interest rates. |
§ | Average maturity is a simple average of the maturities of all the bonds in a fund’s portfolio. The maturity of a bond is the amount of time until the bond’s principal becomes due or payable. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 31 |
Expense example
Six months ended March 31, 2020
Money Market Fund | Beginning account value (10/1/19) | Ending account value (3/31/20) | Expenses paid during period* (10/1/19– 3/31/20) | |||||||||
Actual return | ||||||||||||
Institutional Class | $ | 1,000.00 | $ | 1,007.58 | $0.65 | |||||||
Advisor Class | 1,000.00 | 1,008.07 | 0.55 | |||||||||
Premier Class | 1,000.00 | 1,006.85 | 1.40 | |||||||||
Retirement Class | 1,000.00 | 1,006.85 | 1.40 | |||||||||
Retail Class | 1,000.00 | 1,005.94 | 2.31 | |||||||||
5% annual hypothetical return | ||||||||||||
Institutional Class | 1,000.00 | 1,024.35 | 0.66 | |||||||||
Advisor Class | 1,000.00 | 1,024.45 | 0.56 | |||||||||
Premier Class | 1,000.00 | 1,023.60 | 1.42 | |||||||||
Retirement Class | 1,000.00 | 1,023.60 | 1.42 | |||||||||
Retail Class | 1,000.00 | 1,022.70 | 2.33 |
* | “Expenses paid during period” is based on the Fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 183/366. There were 183 days in the six months ended March 31, 2020. The Fund’s annualized six-month expense ratios for that period were 0.13% for the Institutional Class, 0.11% for the Advisor Class, 0.28% for the Premier Class, 0.28% for the Retirement Class and 0.46% for the Retail Class. The expense charges of one or more of the Fund’s share classes may reflect a waiver and/or reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such waiver and/or reimbursement, the expenses of the affected share classes would be higher and their performance lower. |
For more information about this expense example, please see page 9.
Portfolio composition
Sector | % of net assets as of 3/31/2020 |
U.S. government agency securities* | 66.3 |
Floating-rate securities, government* | 22.5 |
U.S. Treasury securities* | 11.7 |
Other assets & liabilities, net | –0.5 |
Total | 100.0 |
* | These securities are guaranteed by the full faith and credit of the U.S. government. |
Performance for the twelve months ended March 31, 2020
The Money Market Fund returned 1.87% for the Institutional Class, compared with the 1.55% return of the iMoneyNet Money Fund Averages™—All Government, a simple average of over 500 money market funds that invest in short-term U.S. government securities. The iMoneyNet average is not an index, and its return reflects the deduction of expenses charged by the funds included in the average. The performance table shows returns for all share classes of the Fund.
Fed takes strong action to support economy and financial markets
The U.S. economy expanded at a steady pace for most of the period, but it was rattled by the effects of the COVID-19 pandemic, which hit the United States hard in March 2020. Containment efforts around the world have disrupted business and manufacturing operations, closed restaurants and retail stores and restricted travel.
In March, the Federal Reserve responded to the crisis by taking swift action and substantially lowered the federal funds target rate—a key short-term interest-rate measure—to 0.00%–0.25%. Meanwhile, the federal government enacted a massive stimulus measure to inject $2.2 trillion into the U.S. economy.
The Fed’s actions pushed yields on the short-term government securities in which the Fund invests sharply lower. The “secured overnight financing rate” (SOFR), which represents dealer transactions in Treasury collateralized overnight repurchase agreements, has become widely accepted by government agencies as a key indicator of short-term government money market rates. Over the twelve-month period, SOFR declined from 2.46% on April 1, 2019, to 0.01% on March 31, 2020.
Money market funds saw a surge in new investments
Due to extreme equity and bond market volatility at the end of the period, government-only money market funds attracted significant assets in the final three months as investors sought the quality and relative safety of these investments. Assets in the Money Market Fund increased to $2.2 billion. However, this large influx of money into the Fund was subsequently invested in the current low-rate environment, resulting in a decline in the portfolio yield, which is likely to persist for the foreseeable future.
Fund outperformed the iMoneyNet average
For the period, the return of the Money Market Fund surpassed that of the iMoneyNet government fund average. In pursuit of additional yield, management continued its strategy of holding longer-dated floating-rate government agency paper, which was beneficial for the majority of the period. As of March 31, 2020, the Fund’s weighted average maturity was 49 days, versus 37 days for the iMoneyNet government fund average. This positioning also helped the Fund’s performance for most of the period.
32 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2020
Money Market Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||
Inception date | 1 year | 5 years | 10 years | gross | net | |||||||||||||||||
Institutional Class | 7/1/99 | 1.87 | % | 1.04 | % | 0.54 | % | 0.14 | % | 0.14 | % | |||||||||||
Advisor Class | 12/4/15 | 1.86 | 1.03 | † | 0.53 | † | 0.24 | 0.24 | ||||||||||||||
Premier Class | 9/30/09 | 1.73 | 0.91 | 0.45 | 0.29 | 0.29 | ||||||||||||||||
Retirement Class | 3/31/06 | 1.72 | 0.87 | 0.43 | 0.39 | 0.39 | ||||||||||||||||
Retail Class | 3/31/06 | 1.54 | 0.77 | 0.38 | 0.48 | 0.48 | ||||||||||||||||
iMoneyNet Money Fund Averages™—All Government§ | — | 1.55 | 0.80 | 0.41 | — | — |
The returns in this report show past performance, which is no guarantee of future results. The returns do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your shares. For current performance information, including performance to the most recent month-end, please visit TIAA.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, the 7-day current and effective annualized yields and total returns would have been lower.
You could lose money by investing in this Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The Fund’s sponsor has no legal obligation to provide support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. For a detailed discussion of risk, please see the prospectus. The current yield more closely reflects current earnings than does the total return.
* | The gross and net annual operating expenses are taken from the Fund’s prospectus. The net annual operating expenses may at times reflect a contractual reimbursement of various expenses. The expense reimbursement will continue through at least July 31, 2020, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. |
† | The performance shown for the Advisor Class that is prior to its inception date is based on performance of the Institutional Class. The performance for these periods has not been restated to reflect the actual expenses of the Advisor Class. If these actual expenses had been reflected, the performance of the Advisor Class shown for these periods would have been different because the Advisor Class has different expenses than the Institutional Class. |
§ | The iMoneyNet Money Fund Averages—All Government is a simple average of over 500 money market funds that invest in U.S. Treasuries, U.S. Agencies, repurchase agreements and government-backed floating-rate notes. You cannot invest directly in it. |
Net annualized yield
(for the 7 days ended March 31, 2020)‡
Current | Effective | |||||||
yield | yield | |||||||
Money Market Fund | ||||||||
Institutional Class | 0.77 | % | 0.77 | % | ||||
Advisor Class | 0.75 | 0.75 | ||||||
Premier Class | 0.61 | 0.61 | ||||||
Retirement Class | 0.61 | 0.61 | ||||||
Retail Class | 0.43 | 0.43 | ||||||
iMoneyNet Money Fund Averages™—All Government§ | 0.22 | 0.22 |
The current yield more closely reflects current earnings than does the total return.
‡ | Typically, iMoneyNet reports its 7-day yields as of Tuesday of each week. |
Fund profile
as of 3/31/2020 | |
Net assets | $2.20 billion |
Number of issues | 128 |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 33 |
Summary portfolio of investments
Bond Index Fund ■ March 31, 2020
Principal | Issuer | Value | % of net assets | |||||||||||
BONDS | ||||||||||||||
CORPORATE BONDS | ||||||||||||||
AUTOMOBILES & COMPONENTS | $ | 17,531,688 | 0.1 | % | ||||||||||
BANKS | 675,523,819 | 4.1 | ||||||||||||
CAPITAL GOODS | 181,182,709 | 1.1 | ||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 48,424,671 | 0.3 | ||||||||||||
CONSUMER DURABLES & APPAREL | 12,568,562 | 0.1 | ||||||||||||
CONSUMER SERVICES | 76,344,736 | 0.5 | ||||||||||||
DIVERSIFIED FINANCIALS | 477,523,945 | 2.9 | ||||||||||||
ENERGY | 336,306,901 | 2.0 | ||||||||||||
FOOD & STAPLES RETAILING | 93,871,256 | 0.6 | ||||||||||||
FOOD, BEVERAGE & TOBACCO | 167,641,395 | 1.0 | ||||||||||||
HEALTH CARE EQUIPMENT & SERVICES | 157,065,574 | 0.9 | ||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS | 23,470,141 | 0.1 | ||||||||||||
INSURANCE | 127,855,689 | 0.8 | ||||||||||||
MATERIALS | 124,289,368 | 0.7 | ||||||||||||
MEDIA & ENTERTAINMENT | 149,332,561 | 0.9 | ||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 246,012,975 | 1.5 | ||||||||||||
REAL ESTATE | 135,665,594 | 0.8 | ||||||||||||
RETAILING | 93,086,833 | 0.6 | ||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 45,915,330 | 0.3 | ||||||||||||
SOFTWARE & SERVICES | 160,812,427 | 0.9 | ||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 132,117,111 | 0.8 | ||||||||||||
TELECOMMUNICATION SERVICES | 174,675,143 | 1.1 | ||||||||||||
TRANSPORTATION | 103,261,377 | 0.6 | ||||||||||||
UTILITIES | 335,493,309 | 2.0 | ||||||||||||
TOTAL CORPORATE BONDS (Cost $4,013,953,621) | 4,095,973,114 | 24.7 | ||||||||||||
GOVERNMENT BONDS | ||||||||||||||
AGENCY SECURITIES | 183,347,041 | 1.1 | ||||||||||||
FOREIGN GOVERNMENT BONDS | 638,168,090 | 3.8 | ||||||||||||
MORTGAGE BACKED | ||||||||||||||
Federal Home Loan Mortgage Corp Gold (FGLMC) | ||||||||||||||
$ | 60,300,431 | 2.500%, 07/01/33 | 62,644,214 | 0.4 | ||||||||||
1,032,159,221 | 2.500%–8.000%, 05/01/20–05/01/49 | 1,098,043,191 | 6.5 | |||||||||||
Federal National Mortgage Association (FNMA) | ||||||||||||||
71,652,306 | 3.000%, 01/01/47 | 75,516,522 | 0.5 | |||||||||||
56,541,807 | 3.000%, 09/01/49 | 59,255,979 | 0.4 | |||||||||||
1,798,157,306 | 2.000%–8.000%, 04/01/20–07/01/55 | 1,911,563,315 | 11.5 |
Principal | Issuer | Value | % of net assets | |||||||||||
MORTGAGE BACKED—continued | ||||||||||||||
Government National Mortgage Association (GNMA) | ||||||||||||||
$ | 61,592,015 | 4.500%, 04/20/49 | $ | 65,390,530 | 0.4 | % | ||||||||
1,022,177,776 | 2.500%–8.500%, 01/20/24–11/20/49 | 1,092,804,634 | 6.6 | |||||||||||
Other | 52,465,785 | 0.4 | ||||||||||||
4,417,684,170 | 26.7 | |||||||||||||
MUNICIPAL BONDS | 125,823,208 | 0.8 | ||||||||||||
U.S. TREASURY SECURITIES | ||||||||||||||
United States Treasury Bond | ||||||||||||||
214,483,000 | 3.500%, 02/15/39 | 305,345,036 | 1.8 | |||||||||||
44,850,000 | 4.375%, 11/15/39 | 70,962,861 | 0.4 | |||||||||||
104,300,000 | 3.125%, 11/15/41 | 142,430,614 | 0.9 | |||||||||||
45,000,000 | 2.750%, 11/15/47 | 59,563,476 | 0.4 | |||||||||||
38,500,000 | 3.000%, 02/15/48 | 53,293,926 | 0.3 | |||||||||||
48,500,000 | 3.125%, 05/15/48 | 68,767,695 | 0.4 | |||||||||||
132,500,000 | 3.000%, 02/15/49 | 184,770,215 | 1.1 | |||||||||||
46,000,000 | 2.375%, 11/15/49 | 57,413,750 | 0.3 | |||||||||||
422,370,000 | 2.250%–5.000%, 02/15/36–08/15/49 | 594,335,137 | 3.7 | |||||||||||
United States Treasury Note | ||||||||||||||
90,025,000 | 1.375%, 05/31/21 | 91,340,209 | 0.5 | |||||||||||
78,000,000 | 1.625%, 06/30/21 | 79,438,125 | 0.5 | |||||||||||
60,000,000 | 1.875%, 02/28/22 | 61,889,063 | 0.4 | |||||||||||
100,000,000 | 0.375%, 03/31/22 | 100,265,625 | 0.6 | |||||||||||
92,000,000 | 1.875%, 04/30/22 | 95,122,969 | 0.6 | |||||||||||
63,000,000 | 1.875%, 07/31/22 | 65,345,273 | 0.4 | |||||||||||
55,000,000 | 1.625%, 08/31/22 | 56,806,836 | 0.3 | |||||||||||
65,000,000 | 2.000%, 10/31/22 | 67,904,688 | 0.4 | |||||||||||
108,000,000 | 2.000%, 11/30/22 | 112,935,937 | 0.7 | |||||||||||
60,000,000 | 2.625%, 02/28/23 | 64,082,813 | 0.4 | |||||||||||
80,000,000 | 2.500%, 03/31/23 | 85,287,500 | 0.5 | |||||||||||
80,000,000 | 2.750%, 05/31/23 | 86,193,750 | 0.5 | |||||||||||
91,500,000 | 2.625%, 06/30/23 | 98,380,371 | 0.6 | |||||||||||
80,000,000 | 2.750%, 07/31/23 | 86,493,750 | 0.5 | |||||||||||
116,000,000 | 2.750%, 08/31/23 | 125,588,125 | 0.8 | |||||||||||
65,000,000 | 2.875%, 11/30/23 | 71,075,976 | 0.4 | |||||||||||
55,000,000 | 2.625%, 12/31/23 | 59,739,453 | 0.4 | |||||||||||
129,300,000 | 2.500%, 01/31/24 | 140,002,606 | 0.8 | |||||||||||
70,000,000 | 2.375%, 02/29/24 | 75,624,609 | 0.5 | |||||||||||
325,000,000 | 2.125%, 03/31/24 | 348,080,077 | 2.1 | |||||||||||
174,000,000 | 2.250%, 04/30/24 | 187,457,813 | 1.1 | |||||||||||
111,500,000 | 2.000%, 05/31/24 | 119,130,781 | 0.7 | |||||||||||
152,000,000 | 1.750%, 06/30/24 | 160,977,500 | 1.0 | |||||||||||
212,000,000 | 1.750%, 07/31/24 | 224,662,031 | 1.4 | |||||||||||
81,000,000 | 1.500%, 09/30/24 | 85,119,610 | 0.5 | |||||||||||
90,500,000 | 1.500%, 10/31/24 | 95,184,082 | 0.6 | |||||||||||
61,900,000 | 1.500%, 11/30/24 | 65,190,855 | 0.4 | |||||||||||
75,000,000 | 1.750%, 12/31/24 | 79,866,211 | 0.5 | |||||||||||
75,000,000 | 0.500%, 03/31/25 | 75,474,609 | 0.5 | |||||||||||
50,000,000 | 2.250%, 03/31/26 | 55,191,406 | 0.3 | |||||||||||
71,000,000 | 1.625%, 09/30/26 | 75,997,734 | 0.5 | |||||||||||
89,500,000 | 1.750%, 12/31/26 | 96,687,969 | 0.6 | |||||||||||
47,000,000 | 2.750%, 02/15/28 | 54,815,586 | 0.3 | |||||||||||
66,000,000 | 2.875%, 05/15/28 | 77,849,063 | 0.5 | |||||||||||
85,000,000 | 3.125%, 11/15/28 | 102,650,781 | 0.6 | |||||||||||
50,000,000 | 2.625%, 02/15/29 | 58,464,844 | 0.3 | |||||||||||
92,000,000 | 2.375%, 05/15/29 | 105,871,875 | 0.6 | |||||||||||
103,000,000 | 1.500%, 02/15/30 | 111,038,829 | 0.7 | |||||||||||
1,038,494,100 | 1.125%–8.000%, 04/15/21–02/15/50 | 1,096,954,547 | 6.6 | |||||||||||
6,437,066,591 | 38.9 | |||||||||||||
TOTAL GOVERNMENT BONDS (Cost $10,910,178,977) | 11,802,089,100 | 71.3 |
34 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | concluded |
Bond Index Fund ■ March 31, 2020
Principal | Issuer | Value | % of net assets | ||||||||
STRUCTURED ASSETS | |||||||||||
ASSET BACKED | $ | 129,066,316 | 0.8 | % | |||||||
OTHER MORTGAGE BACKED | 323,421,826 | 1.9 | |||||||||
TOTAL STRUCTURED ASSETS (Cost $448,540,211) | 452,488,142 | 2.7 | |||||||||
TOTAL BONDS (Cost $15,372,672,809) | 16,350,550,356 | 98.7 | |||||||||
SHORT-TERM INVESTMENTS | |||||||||||
GOVERNMENT AGENCY DEBT | 33,761,510 | 0.2 | |||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $33,765,642) | 33,761,510 | 0.2 | |||||||||
TOTAL PORTFOLIO (Cost $15,406,438,451) | 16,384,311,866 | 98.9 | |||||||||
OTHER ASSETS & LIABILITIES, NET | 175,649,315 | 1.1 | |||||||||
NET ASSETS | $ | 16,559,961,181 | 100.0 | % |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
At 3/31/20, the aggregate value of securities exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended, amounted to $121,345,562 or 0.7% of net assets. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 35 |
Summary portfolio of investments
Core Bond Fund ■ March 31, 2020
Principal | Issuer | Value | % of net assets | |||||||||||
BANK LOAN OBLIGATIONS | ||||||||||||||
AUTOMOBILES & COMPONENTS | $ | 1,765,321 | 0.0 | % | ||||||||||
BANKS | 755,049 | 0.0 | ||||||||||||
CAPITAL GOODS | 4,034,124 | 0.1 | ||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 15,629,337 | 0.2 | ||||||||||||
CONSUMER DURABLES & APPAREL | 1,151,535 | 0.0 | ||||||||||||
CONSUMER SERVICES | 7,884,886 | 0.1 | ||||||||||||
DIVERSIFIED FINANCIALS | 554,445 | 0.0 | ||||||||||||
ENERGY | 2,989,363 | 0.1 | ||||||||||||
FOOD, BEVERAGE & TOBACCO | 1,064,807 | 0.0 | ||||||||||||
HEALTH CARE EQUIPMENT & SERVICES | 16,705,568 | 0.3 | ||||||||||||
INSURANCE | 7,994,956 | 0.1 | ||||||||||||
MATERIALS | 12,966,199 | 0.2 | ||||||||||||
MEDIA & ENTERTAINMENT | 4,790,859 | 0.1 | ||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 6,651,547 | 0.1 | ||||||||||||
REAL ESTATE | 1,502,906 | 0.0 | ||||||||||||
RETAILING | 1,054,535 | 0.0 | ||||||||||||
SOFTWARE & SERVICES | 2,441,220 | 0.0 | ||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 6,223,540 | 0.1 | ||||||||||||
TELECOMMUNICATION SERVICES | 3,879,443 | 0.1 | ||||||||||||
TRANSPORTATION | 3,701,482 | 0.1 | ||||||||||||
UTILITIES | 6,128,637 | 0.1 | ||||||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $124,339,777) | 109,869,759 | 1.7 | ||||||||||||
BONDS | ||||||||||||||
CORPORATE BONDS | ||||||||||||||
AUTOMOBILES & COMPONENTS | 19,161,460 | 0.3 | ||||||||||||
BANKS | ||||||||||||||
Bank of America Corp | ||||||||||||||
$ | 20,300,000 | 2.456%, 10/22/25 | 20,471,751 | 0.3 | ||||||||||
26,650,000 | 2.496%, 02/13/31 | 25,568,518 | 0.4 | |||||||||||
78,885,000 | 2.884%–6.100%, 03/05/24–09/17/68 | 82,940,433 | 1.3 | |||||||||||
Citigroup, Inc | ||||||||||||||
32,075,000 | 2.666%, 01/29/31 | 31,122,217 | 0.5 | |||||||||||
JPMorgan Chase & Co | ||||||||||||||
19,405,000 | 3.702%, 05/06/30 | 20,841,532 | 0.3 | |||||||||||
18,950,000 | 2.739%, 10/15/30 | 19,029,398 | 0.3 | |||||||||||
JPMorgan Chase Bank NA | ||||||||||||||
26,075,000 | 3.086%, 04/26/21 | 26,064,130 | 0.4 | |||||||||||
Other | 338,541,765 | 5.1 | ||||||||||||
564,579,744 | 8.6 | |||||||||||||
CAPITAL GOODS | 75,177,806 | 1.1 | ||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 39,010,542 | 0.5 | ||||||||||||
CONSUMER DURABLES & APPAREL | 2,122,183 | 0.0 |
Principal | Issuer | Value | % of net assets | |||||||||||
CONSUMER SERVICES | $ | 25,856,436 | 0.4 | % | ||||||||||
DIVERSIFIED FINANCIALS | 256,377,117 | 3.9 | ||||||||||||
ENERGY | 181,966,615 | 2.8 | ||||||||||||
FOOD & STAPLES RETAILING | 114,034,228 | 1.7 | ||||||||||||
FOOD, BEVERAGE & TOBACCO | 70,209,133 | 1.0 | ||||||||||||
HEALTH CARE EQUIPMENT & SERVICES | 48,989,302 | 0.8 | ||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS | 597,676 | 0.0 | ||||||||||||
INSURANCE | 78,270,295 | 1.2 | ||||||||||||
MATERIALS | 62,909,992 | 1.0 | ||||||||||||
MEDIA & ENTERTAINMENT | ||||||||||||||
Comcast Corp | ||||||||||||||
$ | 53,500,000 | 2.350%–4.700%, 04/15/24–02/01/50 | 59,482,500 | 1.0 | ||||||||||
Other | 63,444,873 | 0.9 | ||||||||||||
122,927,373 | 1.9 | |||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||
Bristol-Myers Squibb Co | ||||||||||||||
18,950,000 | g | 3.400%, 07/26/29 | 20,824,196 | 0.3 | ||||||||||
Other | 76,316,856 | 1.1 | ||||||||||||
97,141,052 | 1.4 | |||||||||||||
REAL ESTATE | 134,208,372 | 2.0 | ||||||||||||
RETAILING | 27,000,791 | 0.4 | ||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 20,679,241 | 0.3 | ||||||||||||
SOFTWARE & SERVICES | ||||||||||||||
Microsoft Corp | ||||||||||||||
19,000,000 | 2.400%, 08/08/26 | 20,093,426 | 0.3 | |||||||||||
Other | 80,144,986 | 1.2 | ||||||||||||
100,238,412 | 1.5 | |||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | ||||||||||||||
Apple, Inc | ||||||||||||||
19,975,000 | 2.050%, 09/11/26 | 20,604,477 | 0.3 | |||||||||||
Other | 53,712,046 | 0.8 | ||||||||||||
74,316,523 | 1.1 | |||||||||||||
TELECOMMUNICATION SERVICES | ||||||||||||||
AT&T, Inc | ||||||||||||||
73,386,000 | 2.950%–4.900%, 03/15/22–03/09/49 | 78,157,290 | 1.3 | |||||||||||
Verizon Communications, Inc | ||||||||||||||
22,336,000 | 4.329%, 09/21/28 | 25,739,994 | 0.4 | |||||||||||
Other | 62,695,264 | 0.9 | ||||||||||||
166,592,548 | 2.6 | |||||||||||||
TRANSPORTATION | 72,946,361 | 1.1 | ||||||||||||
UTILITIES | 183,357,567 | 2.8 | ||||||||||||
TOTAL CORPORATE BONDS (Cost $2,560,733,621) | 2,538,670,769 | 38.4 |
36 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | continued |
Core Bond Fund ■ March 31, 2020
Principal | Issuer | Value | % of net assets | |||||||||||
GOVERNMENT BONDS | ||||||||||||||
AGENCY SECURITIES | $ | 30,390,952 | 0.5 | % | ||||||||||
FOREIGN GOVERNMENT BONDS | 191,681,711 | 2.9 | ||||||||||||
MORTGAGE BACKED | ||||||||||||||
Federal Home Loan Mortgage Corp Gold (FGLMC) | ||||||||||||||
$ | 22,180,826 | 3.500%, 08/01/45 | 23,881,949 | 0.4 | ||||||||||
27,043,993 | 3.500%, 10/01/45 | 29,017,130 | 0.4 | |||||||||||
31,576,806 | 3.500%, 08/01/46 | 33,881,005 | 0.5 | |||||||||||
28,098,056 | 3.000%, 02/01/47 | 29,636,928 | 0.5 | |||||||||||
22,125,127 | 3.500%, 03/01/48 | 23,735,890 | 0.4 | |||||||||||
19,504,830 | 4.000%, 03/01/48 | 21,226,106 | 0.3 | |||||||||||
23,699,078 | 4.500%, 08/01/48 | 25,961,933 | 0.4 | |||||||||||
Federal National Mortgage Association (FNMA) | ||||||||||||||
18,514,102 | 3.500%, 07/01/46 | 19,874,196 | 0.3 | |||||||||||
19,703,195 | 3.000%, 11/01/46 | 20,787,436 | 0.3 | |||||||||||
27,477,276 | 4.000%, 12/01/47 | 29,905,375 | 0.5 | |||||||||||
26,786,932 | 3.000%, 02/25/48 | 28,341,466 | 0.4 | |||||||||||
54,000,000 | h | 3.000%, 04/25/49 | 56,626,172 | 0.9 | ||||||||||
291,361,567 | h | 2.500%–8.000%, 07/25/20–04/01/50 | 300,105,110 | 4.6 | ||||||||||
Other | 120,767,121 | 1.7 | ||||||||||||
763,747,817 | 11.6 | |||||||||||||
MUNICIPAL BONDS | ||||||||||||||
Florida Hurricane Catastrophe Fund Finance Corp | ||||||||||||||
22,175,000 | 2.995%, 07/01/20 | 22,154,377 | 0.3 | |||||||||||
State of Illinois | ||||||||||||||
21,060,000 | 5.100%, 06/01/33 | 20,904,788 | 0.3 | |||||||||||
Other | 278,343,883 | 4.3 | ||||||||||||
321,403,048 | 4.9 | |||||||||||||
U.S. TREASURY SECURITIES | ||||||||||||||
United States Treasury Bond | ||||||||||||||
60,875,000 | 3.500%, 02/15/39 | 86,663,647 | 1.3 | |||||||||||
16,015,000 | 3.875%, 08/15/40 | 24,030,007 | 0.4 | |||||||||||
51,285,000 | 2.750%, 11/15/47 | 67,882,509 | 1.0 | |||||||||||
68,790,000 | 3.000%, 02/15/48 | 95,223,095 | 1.4 | |||||||||||
19,070,000 | 3.000%, 08/15/48 | 26,514,749 | 0.4 | |||||||||||
64,641,000 | 3.375%, 11/15/48 | 95,971,685 | 1.5 | |||||||||||
61,806,000 | 2.375%–4.750%, 02/15/36–11/15/49 | 84,434,691 | 1.3 | |||||||||||
United States Treasury Inflation Indexed Bonds | ||||||||||||||
18,818,048 | k | 0.500%, 04/15/24 | 19,093,343 | 0.3 | ||||||||||
United States Treasury Note | ||||||||||||||
25,930,000 | 0.500%, 03/15/23 | 26,092,062 | 0.4 | |||||||||||
Other | 53,556,173 | 0.8 | ||||||||||||
579,461,961 | 8.8 | |||||||||||||
TOTAL GOVERNMENT BONDS (Cost $1,728,615,751) | 1,886,685,489 | 28.7 | ||||||||||||
STRUCTURED ASSETS | ||||||||||||||
ASSET BACKED | ||||||||||||||
American Express Credit Account Master Trust | ||||||||||||||
Series - 2019 2 (Class A) | ||||||||||||||
26,900,000 | 2.670%, 11/15/24 | 27,644,735 | 0.4 | |||||||||||
Chase Issuance Trust | ||||||||||||||
Series - 2020 A1 (Class A1) | ||||||||||||||
30,105,000 | 1.530%, 01/15/25 | 30,303,675 | 0.5 |
Principal | Issuer | Value | % of net assets | ||||||||||||
ASSET BACKED—continued | |||||||||||||||
Taco Bell Funding LLC | |||||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||
$ | 19,009,375 | g | 4.318%, 11/25/48 | $ | 18,534,331 | 0.3 | % | ||||||||
Verizon Owner Trust | |||||||||||||||
Series - 2020 A (Class A1A) | |||||||||||||||
28,300,000 | 1.850%, 07/22/24 | 27,606,973 | 0.4 | ||||||||||||
Other | 592,228,118 | 8.9 | |||||||||||||
696,317,832 | 10.5 | ||||||||||||||
OTHER MORTGAGE BACKED | |||||||||||||||
COMM Mortgage Trust | |||||||||||||||
99,859,601 | g,i | 2.853%–5.288%, 10/10/29–08/15/57 | 96,364,186 | 1.5 | |||||||||||
Other | 665,785,362 | 10.0 | |||||||||||||
762,149,548 | 11.5 | ||||||||||||||
TOTAL STRUCTURED ASSETS (Cost $1,524,851,267) | 1,458,467,380 | 22.0 | |||||||||||||
TOTAL BONDS (Cost $5,814,200,639) | 5,883,823,638 | 89.1 | |||||||||||||
Shares | Company | ||||||||||||||
COMMON STOCKS | |||||||||||||||
ENERGY | 28,118 | 0.0 | |||||||||||||
TOTAL COMMON STOCKS (Cost $133,601) | 28,118 | 0.0 | |||||||||||||
Principal | Issuer | ||||||||||||||
SHORT-TERM INVESTMENTS | |||||||||||||||
GOVERNMENT AGENCY DEBT | |||||||||||||||
Federal Agricultural Mortgage Corp (FAMC) | |||||||||||||||
25,000,000 | 0.610%, 04/30/20 | 24,998,590 | 0.4 | ||||||||||||
Federal Farm Credit Bank (FFCB) | |||||||||||||||
20,000,000 | 0.500%, 04/13/20 | 19,999,533 | 0.3 | ||||||||||||
50,000,000 | 0.480%, 05/14/20 | 49,995,820 | 0.8 | ||||||||||||
Federal Home Loan Bank (FHLB) | |||||||||||||||
56,080,000 | 0.700%, 04/13/20 | 56,078,692 | 0.8 | ||||||||||||
30,433,000 | 0.200%, 07/20/20 | 30,424,631 | 0.4 | ||||||||||||
25,000,000 | 0.130%, 07/24/20 | 24,992,875 | 0.4 | ||||||||||||
25,000,000 | 0.150%, 07/31/20 | 24,992,438 | 0.4 | ||||||||||||
20,000,000 | 0.270%, 09/15/20 | 19,987,939 | 0.3 | ||||||||||||
20,000,000 | 0.060%, 10/01/20 | 19,985,767 | 0.3 | ||||||||||||
20,000,000 | 0.170%, 03/08/21 | 19,967,794 | 0.3 | ||||||||||||
Federal Home Loan Mortgage Corp (FHLMC) | |||||||||||||||
20,000,000 | 0.100%, 08/19/20 | 19,991,444 | 0.3 | ||||||||||||
Federal National Mortgage Association (FNMA) | |||||||||||||||
20,000,000 | 0.200%, 10/16/20 | 19,984,600 | 0.3 | ||||||||||||
25,000,000 | 0.120%, 12/15/20 | 24,973,125 | 0.4 | ||||||||||||
Other | 105,863,100 | 1.6 | |||||||||||||
462,236,348 | 7.0 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 37 |
Summary portfolio of investments | continued |
Core Bond Fund ■ March 31, 2020
Principal | Issuer | Value | % of net assets | |||||||||||
TREASURY DEBT | ||||||||||||||
United States Treasury Bill | ||||||||||||||
$ | 25,000,000 | 0.510%, 04/09/20 | $ | 24,999,708 | 0.4 | % | ||||||||
Other | 10,245,641 | 0.1 | ||||||||||||
35,245,349 | 0.5 | |||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $497,227,520) | 497,481,697 | 7.5 | ||||||||||||
TOTAL PORTFOLIO (Cost $6,435,901,537) | 6,491,203,212 | 98.3 | ||||||||||||
OTHER ASSETS & LIABILITIES, NET | 112,845,582 | 1.7 | ||||||||||||
NET ASSETS | $ | 6,604,048,794 | 100.0 | % |
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/20, the aggregate value of these securities, including those in “Other,” is $1,234,853,473 or 18.7% of net assets. |
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. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
Futures contracts outstanding as of March 31, 2020 were as follows:
Description | Number of long (short) contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation | ) | ||||||||||||
US 10 Year Note (CBT) | 7 | 06/19/20 | $955,299 | $970,813 | $ | 15,514 |
Forward foreign currency contracts outstanding as of March 31, 2020 were as follows:
Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation | ) | |||||||
$ | 4,268 | EUR | 3,825 | Citibank, N.A. | 04/27/20 | $ | 44 | |||||||
$ | 3,672,060 | EUR | 3,370,469 | Citibank, N.A. | 05/18/20 | (52,319 | ) | |||||||
Total | $ | (52,275 | ) | |||||||||||
$ | 3,849,123 | EUR | 3,471,175 | Toronto Dominion Bank | 04/27/20 | $ | 16,563 | |||||||
Total | $ | (35,712 | ) |
Abbreviation(s):
EUR | Euro |
38 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | concluded |
Core Bond Fund ■ March 31, 2020
Centrally cleared credit default swap contracts outstanding as of March 31, 2020 were as follows:
PURCHASED
Unrealized | |||||||||||||||||||
Reference | Terms of payments | Terms of payments | Maturity | Notional | Variation | appreciation | |||||||||||||
entity | to be paid | to be received | Counterparty | date | amount | (1) | margin | (depreciation | ) | ||||||||||
CDX-NAHYS33V3-5Y | 5.000% | Credit event as specified in contract | Citigroup Global Markets, Inc | 12/20/24 | $ | 14,210,000 | $ | 223,150 | $444,624 | ||||||||||
CDX-NAHYS34V1-5Y | 5.000 | Credit event as specified in contract | Citigroup Global Markets, Inc | 06/20/25 | 14,500,000 | 224,292 | 291,129 | ||||||||||||
Total | $ | 447,442 | $735,753 |
(1) | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs is defined under the terms of that particular swap agreement. This amount may be reduced by any recoverable assets, if applicable. |
SOLD
Unrealized | |||||||||||||||||||
Reference | Terms of payments | Terms of payments | Maturity | Notional | Variation | appreciation | |||||||||||||
entity | to be paid | to be received | Counterparty | date | amount | (1) | margin | (depreciation | ) | ||||||||||
CDX-NAHYS33V3-5Y | Credit event as specified in contract | 5.000% | Citigroup Global Markets, Inc | 12/20/24 | $ | 14,210,000 | $ | (223,235 | ) | $(298,389 | ) |
(1) | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs is defined under the terms of that particular swap agreement. This amount may be reduced by any recoverable assets, if applicable. |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 39 |
Summary portfolio of investments
Core Impact Bond Fund ■ March 31, 2020
Principal | Issuer | Value | % of net assets | ||||||||||
BANK LOAN OBLIGATIONS | |||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | $ | 1,791,805 | 0.0 | % | |||||||||
MATERIALS | 2,216,159 | 0.1 | |||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 1,676,687 | 0.0 | |||||||||||
UTILITIES | 4,275,348 | 0.1 | |||||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $11,114,634) | 9,959,999 | 0.2 | |||||||||||
BONDS | |||||||||||||
CORPORATE BONDS | |||||||||||||
AUTOMOBILES & COMPONENTS | 30,660,347 | 0.6 | |||||||||||
BANKS | |||||||||||||
Bank of America Corp | |||||||||||||
$ | 20,700,000 | 2.456%, 10/22/25 | 20,875,135 | 0.4 | |||||||||
Bank of Montreal | |||||||||||||
15,750,000 | i | 1.398%, 09/11/22, LIBOR 3 M + 0.630% | 14,965,650 | 0.3 | |||||||||
16,750,000 | i | 0.818%, 03/10/23, SOFR + 0.680% | 15,305,145 | 0.3 | |||||||||
Bank of Nova Scotia | |||||||||||||
15,500,000 | 2.700%, 08/03/26 | 15,631,994 | 0.3 | ||||||||||
Canadian Imperial Bank of Commerce | |||||||||||||
17,250,000 | 2.250%, 01/28/25 | 17,048,705 | 0.4 | ||||||||||
Citizens Financial Group, Inc | |||||||||||||
20,000,000 | 2.850%, 07/27/26 | 19,506,915 | 0.4 | ||||||||||
ING Groep NV | |||||||||||||
14,850,000 | g | 4.625%, 01/06/26 | 15,651,290 | 0.3 | |||||||||
National Bank of Canada | |||||||||||||
15,250,000 | g | 2.150%, 10/07/22 | 15,109,634 | 0.3 | |||||||||
Other | 443,443,640 | 9.0 | |||||||||||
577,538,108 | 11.7 | ||||||||||||
CAPITAL GOODS | 37,430,026 | 0.8 | |||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | |||||||||||||
Standard Chartered plc | |||||||||||||
17,125,000 | g | 4.644%, 04/01/31 | 17,560,660 | 0.3 | |||||||||
Other | 39,011,184 | 0.8 | |||||||||||
56,571,844 | 1.1 | ||||||||||||
CONSUMER SERVICES | |||||||||||||
Starbucks Corp | |||||||||||||
17,495,000 | 4.450%, 08/15/49 | 19,993,749 | 0.4 | ||||||||||
Other | 75,746,658 | 1.5 | |||||||||||
95,740,407 | 1.9 | ||||||||||||
DIVERSIFIED FINANCIALS | |||||||||||||
Toyota Motor Credit Corp | |||||||||||||
17,950,000 | 2.900%, 03/30/23 | 18,062,651 | 0.4 | ||||||||||
Unilever Capital Corp | |||||||||||||
24,750,000 | 2.000%, 07/28/26 | 24,691,100 | 0.5 | ||||||||||
Other | 197,108,006 | 4.0 | |||||||||||
239,861,757 | 4.9 | ||||||||||||
ENERGY | 129,168,994 | 2.6 | |||||||||||
FOOD, BEVERAGE & TOBACCO | 36,559,640 | 0.8 |
Principal | Issuer | Value | % of net assets | ||||||||||
HEALTH CARE EQUIPMENT & SERVICES | $ | 29,281,334 | 0.5 | % | |||||||||
HOUSEHOLD & PERSONAL PRODUCTS | 35,207,229 | 0.7 | |||||||||||
INSURANCE | 24,256,191 | 0.5 | |||||||||||
MATERIALS | |||||||||||||
3M Co | |||||||||||||
$ | 14,500,000 | 2.000%, 02/14/25 | 14,922,743 | 0.3 | |||||||||
Other | 131,020,106 | 2.6 | |||||||||||
145,942,849 | 2.9 | ||||||||||||
MEDIA & ENTERTAINMENT | 2,970,577 | 0.1 | |||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 75,777,097 | 1.5 | |||||||||||
REAL ESTATE | 75,434,971 | 1.5 | |||||||||||
RETAILING | |||||||||||||
Home Depot, Inc | |||||||||||||
16,050,000 | 2.700%, 04/15/30 | 16,357,126 | 0.3 | ||||||||||
16,000,000 | 3.300%, 04/15/40 | 16,409,093 | 0.3 | ||||||||||
14,300,000 | 3.350%, 04/15/50 | 15,549,220 | 0.3 | ||||||||||
Other | 52,615,779 | 1.1 | |||||||||||
100,931,218 | 2.0 | ||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 8,723,359 | 0.2 | |||||||||||
SOFTWARE & SERVICES | |||||||||||||
International Business Machines Corp | |||||||||||||
23,000,000 | i | 2.107%, 05/13/21, LIBOR 3 M + 0.400% | 22,809,031 | 0.5 | |||||||||
22,809,031 | 0.5 | ||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 6,221,273 | 0.1 | |||||||||||
TELECOMMUNICATION SERVICES | |||||||||||||
Telefonica Emisiones SAU | |||||||||||||
12,000,000 | 5.520%, 03/01/49 | 14,081,414 | 0.3 | ||||||||||
Other | 8,973,731 | 0.2 | |||||||||||
23,055,145 | 0.5 | ||||||||||||
TRANSPORTATION | |||||||||||||
Canadian Pacific Railway Co | |||||||||||||
18,379,000 | 2.050%, 03/05/30 | 17,065,893 | 0.3 | ||||||||||
Delta Air Lines, Inc | |||||||||||||
15,700,000 | 3.404%, 04/25/24 | 15,072,477 | 0.3 | ||||||||||
18,350,000 | 2.900%, 10/28/24 | 14,687,124 | 0.3 | ||||||||||
Other | 102,751,907 | 2.1 | |||||||||||
149,577,401 | 3.0 | ||||||||||||
UTILITIES | |||||||||||||
Hanwha Energy USA Holdings Corp | |||||||||||||
13,850,000 | g | 2.375%, 07/30/22 | 13,775,677 | 0.3 | |||||||||
Public Service Co of Colorado | |||||||||||||
17,025,000 | 3.200%, 03/01/50 | 17,227,617 | 0.3 | ||||||||||
Spectra Energy Partners LP | |||||||||||||
15,479,000 | i | 2.014%, 06/05/20, LIBOR 3 M + 0.700% | 15,313,801 | 0.3 | |||||||||
Other | 380,613,604 | 7.7 | |||||||||||
426,930,699 | 8.6 | ||||||||||||
TOTAL CORPORATE BONDS (Cost $2,345,978,959) | 2,330,649,497 | 47.0 |
40 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | continued |
Core Impact Bond Fund ■ March 31, 2020
Principal | Issuer | Value | % of net assets | ||||||||||
GOVERNMENT BONDS | |||||||||||||
AGENCY SECURITIES | |||||||||||||
Federal Home Loan Mortgage Corp (FHLMC) | |||||||||||||
$ | 14,000,000 | 1.500%, 02/12/25 | $ | 14,611,506 | 0.3 | % | |||||||
NCUA Guaranteed Notes | |||||||||||||
16,423,000 | 3.450%, 06/12/21 | 16,640,232 | 0.3 | ||||||||||
Overseas Private Investment Corp (OPIC) | |||||||||||||
15,000,000 | 2.360%, 10/15/29 | 15,955,619 | 0.3 | ||||||||||
85,577,875 | 0.000%–4.140%, 07/17/21–07/15/38 | 94,530,510 | 1.9 | ||||||||||
Other | 277,529,900 | 5.7 | |||||||||||
419,267,767 | 8.5 | ||||||||||||
FOREIGN GOVERNMENT BONDS | |||||||||||||
European Bank for Reconstruction & Development | |||||||||||||
15,000,000 | 1.625%, 09/27/24 | 15,666,053 | 0.3 | ||||||||||
OMERS Finance Trust | |||||||||||||
13,000,000 | g | 2.500%, 05/02/24 | 13,902,563 | 0.3 | |||||||||
Other | 329,785,787 | 6.7 | |||||||||||
359,354,403 | 7.3 | ||||||||||||
MORTGAGE BACKED | |||||||||||||
Federal Home Loan Mortgage Corp Gold (FGLMC) | |||||||||||||
19,067,776 | 3.500%, 03/01/48 | 20,455,956 | 0.4 | ||||||||||
Federal National Mortgage Association (FNMA) | |||||||||||||
17,483,156 | 3.000%, 11/01/46 | 18,445,231 | 0.4 | ||||||||||
28,979,978 | h | 4.000%, 04/01/48 | 31,068,881 | 0.6 | |||||||||
26,440,703 | 4.500%, 07/01/48 | 28,477,875 | 0.6 | ||||||||||
36,313,945 | 3.000%, 12/01/49 | 38,062,268 | 0.8 | ||||||||||
147,592,170 | h | 2.125%–5.500%, 04/24/26–04/01/50 | 155,322,697 | 3.1 | |||||||||
Other | 103,514,763 | 2.1 | |||||||||||
395,347,671 | 8.0 | ||||||||||||
MUNICIPAL BONDS | |||||||||||||
Chicago Metropolitan Water Reclamation | |||||||||||||
District-Greater Chicago | |||||||||||||
16,465,000 | 5.720%, 12/01/38 | 22,211,944 | 0.5 | ||||||||||
Grant County Public Utility District No 2 | |||||||||||||
20,000,000 | 2.918%, 01/01/40 | 19,643,400 | 0.4 | ||||||||||
Ohio State Water Development Authority | |||||||||||||
13,180,000 | 4.879%, 12/01/34 | 14,731,681 | 0.3 | ||||||||||
Other | 435,718,741 | 8.8 | |||||||||||
492,305,766 | 10.0 | ||||||||||||
U.S. TREASURY SECURITIES | |||||||||||||
United States Treasury Bond | |||||||||||||
85,804,000 | 2.375%, 11/15/49 | 107,094,117 | 2.2 | ||||||||||
United States Treasury Inflation Indexed Bonds | |||||||||||||
20,454,400 | k | 0.500%, 04/15/24 | 20,753,634 | 0.4 | |||||||||
United States Treasury Note | |||||||||||||
17,040,000 | 2.750%, 06/30/25 | 19,096,781 | 0.4 | ||||||||||
14,250,000 | 2.750%, 08/31/25 | 16,006,758 | 0.3 | ||||||||||
19,876,000 | 0.625%, 03/31/27 | 19,985,473 | 0.4 | ||||||||||
24,595,000 | 1.500%, 02/15/30 | 26,514,563 | 0.5 | ||||||||||
59,897,000 | 0.500%–2.875%, 01/31/21–04/30/25 | 61,318,737 | 1.2 | ||||||||||
Other | 19,751,984 | 0.5 | |||||||||||
290,522,047 | 5.9 | ||||||||||||
TOTAL GOVERNMENT BONDS (Cost $1,873,995,873) | 1,956,797,654 | 39.7 |
Principal | Issuer | Value | % of net assets | |||||||||||
STRUCTURED ASSETS | ||||||||||||||
ASSET BACKED | ||||||||||||||
Tesla Auto Lease Trust | ||||||||||||||
Series - 2018 B (Class A) | ||||||||||||||
$ | 23,289,903 | g | 3.710%, 08/20/21 | $ | 23,394,922 | 0.5 | % | |||||||
Other | 162,962,837 | 3.3 | ||||||||||||
186,357,759 | 3.8 | |||||||||||||
OTHER MORTGAGE BACKED | ||||||||||||||
CPT Mortgage Trust | ||||||||||||||
Series - 2019 CPT (Class A) | ||||||||||||||
14,000,000 | g | 2.865%, 11/13/39 | 13,713,920 | 0.3 | ||||||||||
Hudson Yards Mortgage Trust | ||||||||||||||
Series - 2019 30HY (Class D) | ||||||||||||||
17,500,000 | g,i | 3.443%, 07/10/39 | 16,316,694 | 0.3 | ||||||||||
One Bryant Park Trust | ||||||||||||||
Series - 2019 OBP (Class A) | ||||||||||||||
14,500,000 | g | 2.516%, 09/15/54 | 14,444,082 | 0.3 | ||||||||||
Other | 318,791,049 | 6.4 | ||||||||||||
363,265,745 | 7.3 | |||||||||||||
TOTAL STRUCTURED ASSETS (Cost $595,861,627) | 549,623,504 | 11.1 | ||||||||||||
TOTAL BONDS (Cost $4,815,836,459) | 4,837,070,655 | 97.8 | ||||||||||||
Shares | Company | |||||||||||||
PREFERRED STOCKS | ||||||||||||||
REAL ESTATE | 16,106,000 | 0.4 | ||||||||||||
UTILITIES | 5,999,840 | 0.1 | ||||||||||||
TOTAL PREFERRED STOCKS (Cost $35,075,000) | 22,105,840 | 0.5 | ||||||||||||
Principal | Issuer | |||||||||||||
SHORT-TERM INVESTMENTS | ||||||||||||||
GOVERNMENT AGENCY DEBT | ||||||||||||||
Federal Farm Credit Bank (FFCB) | ||||||||||||||
$ | 23,000,000 | 0.030%, 09/28/20 | 22,985,050 | 0.5 | ||||||||||
Federal Home Loan Bank (FHLB) | ||||||||||||||
19,821,000 | 0.150%, 05/28/20 | 19,818,803 | 0.4 | |||||||||||
18,000,000 | 0.070%, 10/13/20 | 17,986,350 | 0.4 | |||||||||||
Other | 68,359,957 | 1.3 | ||||||||||||
129,150,160 | 2.6 | |||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $129,174,220) | 129,150,160 | 2.6 | ||||||||||||
TOTAL PORTFOLIO (Cost $4,991,200,313) | 4,998,286,654 | 101.1 | ||||||||||||
OTHER ASSETS & LIABILITIES, NET | (53,736,411 | ) | (1.1 | ) | ||||||||||
NET ASSETS | $ | 4,944,550,243 | 100.0 | % |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 41 |
Summary portfolio of investments | concluded |
Core Impact Bond Fund ■ March 31, 2020
Abbreviation(s):
LIBOR | London Interbank Offered Rate |
M | Month |
SOFR | Secure Overnight Financing Rate |
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/20, the aggregate value of these securities, including those in “Other,” is $1,114,143,294 or 22.5% of net assets. |
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. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
Forward foreign currency contracts outstanding as of March 31, 2020 were as follows:
Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation | ) | ||||||
$ | 7,150,049 | EUR | 6,490,250 | Bank of America, N.A. | 06/30/20 | $(32,772 | ) |
Abbreviation(s):
EUR | Euro |
42 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments
Core Plus Bond Fund ■ March 31, 2020
Principal | Issuer | Value | % of net assets | ||||||||
BANK LOAN OBLIGATIONS | |||||||||||
AUTOMOBILES & COMPONENTS | $ | 3,248,452 | 0.1 | % | |||||||
CAPITAL GOODS | 7,109,651 | 0.2 | |||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 14,310,453 | 0.3 | |||||||||
CONSUMER DURABLES & APPAREL | 1,163,318 | 0.0 | |||||||||
CONSUMER SERVICES | 8,242,621 | 0.2 | |||||||||
DIVERSIFIED FINANCIALS | 336,668 | 0.0 | |||||||||
ENERGY | 1,467,560 | 0.0 | |||||||||
FOOD & STAPLES RETAILING | 1,094,620 | 0.0 | |||||||||
FOOD, BEVERAGE & TOBACCO | 1,705,500 | 0.0 | |||||||||
HEALTH CARE EQUIPMENT & SERVICES | 18,153,712 | 0.4 | |||||||||
INSURANCE | 5,466,368 | 0.1 | |||||||||
MATERIALS | 10,249,982 | 0.2 | |||||||||
MEDIA & ENTERTAINMENT | 7,304,191 | 0.2 | |||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 4,095,050 | 0.1 | |||||||||
REAL ESTATE | 2,946,075 | 0.1 | |||||||||
RETAILING | 5,974,319 | 0.1 | |||||||||
SOFTWARE & SERVICES | 5,932,231 | 0.1 | |||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 3,215,013 | 0.1 | |||||||||
TELECOMMUNICATION SERVICES | 2,670,326 | 0.1 | |||||||||
TRANSPORTATION | 1,906,260 | 0.0 | |||||||||
UTILITIES | 3,157,454 | 0.1 | |||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $129,092,981) | 109,749,824 | 2.4 | |||||||||
BONDS | |||||||||||
CORPORATE BONDS | |||||||||||
AUTOMOBILES & COMPONENTS | 18,120,263 | 0.4 | |||||||||
BANKS | |||||||||||
Bank of America Corp | |||||||||||
$ | 11,975,000 | 2.456%, 10/22/25 | 12,076,316 | 0.3 | |||||||
20,250,000 | 2.496%, 02/13/31 | 19,428,236 | 0.4 | ||||||||
41,944,000 | 2.250%–6.300%, 04/21/20–09/17/68 | 43,238,711 | 0.9 | ||||||||
Citigroup, Inc | |||||||||||
53,395,000 | 2.666%–5.000%, 03/26/25–03/12/69 | 52,768,183 | 1.2 | ||||||||
JPMorgan Chase & Co | |||||||||||
13,880,000 | 3.702%, 05/06/30 | 14,907,522 | 0.3 | ||||||||
Wells Fargo Bank NA | |||||||||||
23,900,000 | 2.082%, 09/09/22 | 23,786,987 | 0.5 | ||||||||
Other | 203,544,368 | 4.5 | |||||||||
369,750,323 | 8.1 | ||||||||||
CAPITAL GOODS | 40,326,432 | 0.9 | |||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 29,826,734 | 0.7 | |||||||||
CONSUMER DURABLES & APPAREL | 6,815,933 | 0.1 |
Principal | Issuer | Value | % of net assets | |||||||||
CONSUMER SERVICES | $ | 24,005,423 | 0.5 | % | ||||||||
DIVERSIFIED FINANCIALS | 204,295,438 | 4.6 | ||||||||||
ENERGY | 136,791,167 | 2.9 | ||||||||||
FOOD & STAPLES RETAILING | 47,492,329 | 1.0 | ||||||||||
FOOD, BEVERAGE & TOBACCO | 52,726,145 | 1.2 | ||||||||||
HEALTH CARE EQUIPMENT & SERVICES | 43,881,654 | 0.9 | ||||||||||
HOUSEHOLD & PERSONAL PRODUCTS | 2,836,995 | 0.1 | ||||||||||
INSURANCE | 52,117,520 | 1.2 | ||||||||||
MATERIALS | 59,800,251 | 1.3 | ||||||||||
MEDIA & ENTERTAINMENT | ||||||||||||
Comcast Corp | ||||||||||||
$ | 11,100,000 | 3.450%, 02/01/50 | 12,180,000 | 0.3 | ||||||||
Other | 92,149,299 | 2.0 | ||||||||||
104,329,299 | 2.3 | |||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 57,028,580 | 1.3 | ||||||||||
REAL ESTATE | 66,340,796 | 1.4 | ||||||||||
RETAILING | 24,824,960 | 0.5 | ||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 17,583,835 | 0.4 | ||||||||||
SOFTWARE & SERVICES | 51,332,146 | 1.1 | ||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 42,167,455 | 0.9 | ||||||||||
TELECOMMUNICATION SERVICES | ||||||||||||
AT&T, Inc | ||||||||||||
14,050,000 | 4.500%, 03/09/48 | 15,247,897 | 0.3 | |||||||||
Verizon Communications, Inc | ||||||||||||
10,000,000 | 4.000%, 03/22/50 | 11,868,064 | 0.3 | |||||||||
Other | 74,879,462 | 1.7 | ||||||||||
101,995,423 | 2.3 | |||||||||||
TRANSPORTATION | 45,343,570 | 1.0 | ||||||||||
UTILITIES | 121,864,280 | 2.7 | ||||||||||
TOTAL CORPORATE BONDS (Cost $1,773,013,587) | 1,721,596,951 | 37.8 | ||||||||||
GOVERNMENT BONDS | ||||||||||||
AGENCY SECURITIES | 2,351,018 | 0.1 | ||||||||||
FOREIGN GOVERNMENT BONDS | 139,727,476 | 3.1 | ||||||||||
MORTGAGE BACKED | ||||||||||||
Federal Home Loan Mortgage Corp (FHLMC) | ||||||||||||
11,799,540 | 4.000%, 10/01/47 | 12,842,175 | 0.3 | |||||||||
Federal Home Loan Mortgage Corp Gold (FGLMC) | ||||||||||||
21,271,705 | 3.500%, 08/01/46 | 22,823,928 | 0.5 | |||||||||
33,516,212 | 3.000%, 02/01/47 | 35,351,824 | 0.8 | |||||||||
34,180,426 | 3.500%, 03/01/48 | 36,668,844 | 0.8 | |||||||||
11,158,756 | 4.000%, 03/01/48 | 12,143,502 | 0.3 | |||||||||
22,712,285 | 4.500%, 08/01/48 | 24,880,918 | 0.5 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 43 |
Summary portfolio of investments | continued |
Core Plus Bond Fund ■ March 31, 2020
Principal | Issuer | Value | % of net assets | ||||||||||
MORTGAGE BACKED—continued | |||||||||||||
Federal National Mortgage Association (FNMA) | |||||||||||||
$ | 42,917,666 | 3.000%, 11/01/46 | $ | 45,279,369 | 1.0 | % | |||||||
42,255,971 | 3.500%, 01/01/47 | 44,790,622 | 1.0 | ||||||||||
12,979,347 | 3.500%, 08/01/47 | 13,822,247 | 0.3 | ||||||||||
10,931,186 | 4.000%, 12/01/47 | 11,897,148 | 0.3 | ||||||||||
21,572,514 | h | 3.500%, 01/01/48 | 23,225,211 | 0.5 | |||||||||
12,611,265 | 4.500%, 01/01/48 | 13,815,786 | 0.3 | ||||||||||
20,210,692 | 3.000%, 02/25/48 | 21,383,585 | 0.5 | ||||||||||
10,773,313 | 4.500%, 03/01/48 | 11,797,433 | 0.3 | ||||||||||
20,243,926 | 3.500%, 04/01/48 | 21,383,928 | 0.5 | ||||||||||
20,900,463 | 4.000%, 04/01/48 | 22,406,987 | 0.5 | ||||||||||
76,000,000 | h | 3.000%, 04/25/49 | 79,696,094 | 1.7 | |||||||||
17,665,000 | 2.500%, 04/01/50 | 18,307,436 | 0.4 | ||||||||||
220,451,288 | h | 3.000%–9.000%, 06/25/20–08/01/49 | 226,145,554 | 4.9 | |||||||||
Other | 83,207,749 | 1.7 | |||||||||||
781,870,340 | 17.1 | ||||||||||||
MUNICIPAL BONDS | |||||||||||||
Grand Parkway Transportation Corp | |||||||||||||
12,920,000 | 3.236%, 10/01/52 | 12,546,741 | 0.3 | ||||||||||
Other | 212,450,637 | 4.6 | |||||||||||
224,997,378 | 4.9 | ||||||||||||
U.S. TREASURY SECURITIES | |||||||||||||
United States Treasury Bond | |||||||||||||
17,000,000 | 4.375%, 11/15/39 | 26,897,851 | 0.6 | ||||||||||
12,000,000 | 2.500%, 02/15/46 | 15,083,437 | 0.3 | ||||||||||
15,000,000 | 2.500%, 05/15/46 | 18,870,117 | 0.4 | ||||||||||
10,675,000 | 3.000%, 05/15/47 | 14,757,354 | 0.3 | ||||||||||
14,400,000 | 2.750%, 08/15/47 | 19,034,438 | 0.4 | ||||||||||
33,350,000 | 3.000%, 02/15/48 | 46,164,998 | 1.0 | ||||||||||
45,080,000 | 3.000%, 08/15/48 | 62,678,809 | 1.4 | ||||||||||
20,680,000 | 2.250%, 08/15/49 | 25,160,128 | 0.6 | ||||||||||
11,920,000 | 2.375%, 11/15/49 | 14,877,650 | 0.3 | ||||||||||
United States Treasury Inflation Indexed Bonds | |||||||||||||
21,766,400 | k | 0.125%, 04/15/21 | 21,324,322 | 0.5 | |||||||||
15,909,300 | k | 0.125%, 04/15/22 | 15,683,563 | 0.4 | |||||||||
20,768,800 | k | 0.625%, 04/15/23 | 20,927,385 | 0.5 | |||||||||
United States Treasury Note | |||||||||||||
15,000,000 | 1.625%, 06/30/20 | 15,056,904 | 0.3 | ||||||||||
65,000,000 | 2.625%, 08/15/20 | 65,619,531 | 1.4 | ||||||||||
Other | 48,131,629 | 1.0 | |||||||||||
430,268,116 | 9.4 | ||||||||||||
TOTAL GOVERNMENT BONDS (Cost $1,494,978,698) | 1,579,214,328 | 34.6 | |||||||||||
STRUCTURED ASSETS | |||||||||||||
ASSET BACKED | 339,950,690 | 7.4 | |||||||||||
OTHER MORTGAGE BACKED | |||||||||||||
BX Commercial Mortgage Trust | |||||||||||||
Series - 2019 XL (Class A) | |||||||||||||
13,996,618 | g,i | 1.625%, 10/15/36 | 13,313,367 | 0.3 | |||||||||
COMM Mortgage Trust | |||||||||||||
Series - 2012 CR2 (Class A3) | |||||||||||||
20,000,000 | g | 2.841%, 08/15/45 | 20,156,408 | 0.4 | |||||||||
62,540,577 | g,i | 2.972%–5.288%, 03/10/46–05/10/51 | 58,613,199 | 1.4 | |||||||||
GS Mortgage Securities Corp II | |||||||||||||
Series - 2018 GS9 (Class AAB) | |||||||||||||
14,346,000 | i | 3.978%, 03/10/51 | 15,461,348 | 0.3 |
Principal | Issuer | Value | % of net assets | |||||||||||
OTHER MORTGAGE BACKED—continued | ||||||||||||||
Morgan Stanley Bank of America Merrill Lynch Trust | ||||||||||||||
Series - 2015 C20 (Class A4) | ||||||||||||||
$ | 12,304,000 | 3.249%, 02/15/48 | $ | 12,536,046 | 0.3 | % | ||||||||
Sequoia Mortgage Trust | ||||||||||||||
58,141,385 | g,i | 3.000%–4.000%, 05/25/45–04/25/50 | 58,451,378 | 1.2 | ||||||||||
Other | 419,878,642 | 9.2 | ||||||||||||
598,410,388 | 13.1 | |||||||||||||
TOTAL STRUCTURED ASSETS (Cost $1,007,545,137) | 938,361,078 | 20.5 | ||||||||||||
TOTAL BONDS (Cost $4,275,537,422) | 4,239,172,357 | 92.9 | ||||||||||||
Shares | Company | |||||||||||||
COMMON STOCKS | ||||||||||||||
ENERGY | 710,334 | 0.0 | ||||||||||||
RETAILING | 1,108 | 0.0 | ||||||||||||
TOTAL COMMON STOCKS (Cost $2,238,829) | 711,442 | 0.0 | ||||||||||||
Principal | Issuer | |||||||||||||
SHORT-TERM INVESTMENTS | ||||||||||||||
GOVERNMENT AGENCY DEBT | ||||||||||||||
Federal Home Loan Bank (FHLB) | ||||||||||||||
$ | 28,850,000 | 0.200%, 07/20/20 | 28,842,067 | 0.6 | ||||||||||
25,000,000 | 0.130%, 07/24/20 | 24,992,875 | 0.6 | |||||||||||
41,345,000 | 0.150%, 07/31/20 | 41,332,493 | 0.9 | |||||||||||
20,000,000 | 0.270%, 09/15/20 | 19,987,939 | 0.5 | |||||||||||
55,000,000 | 0.060%, 10/01/20 | 54,960,858 | 1.2 | |||||||||||
Federal National Mortgage Association (FNMA) | ||||||||||||||
20,000,000 | 0.200%, 10/16/20 | 19,984,600 | 0.4 | |||||||||||
Other | 50,089,539 | 1.1 | ||||||||||||
240,190,371 | 5.3 | |||||||||||||
TREASURY DEBT | 2,642,773 | 0.0 | ||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $243,032,054) | 242,833,144 | 5.3 | ||||||||||||
TOTAL PORTFOLIO (Cost $4,649,901,286) | 4,592,466,767 | 100.6 | ||||||||||||
OTHER ASSETS & LIABILITIES, NET | (25,884,379 | ) | (0.6 | ) | ||||||||||
NET ASSETS | $ | 4,566,582,388 | 100.0 | % |
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/20, the aggregate value of these securities, including those in “Other,” is $1,095,992,203 or 24.0% of net assets. |
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. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
44 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | concluded |
Core Plus Bond Fund ■ March 31, 2020
Futures contracts outstanding as of March 31, 2020 were as follows:
Description | Number of long (short) contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation) | |||||||||||||||
US Ultra Bond (CBT) | 72 | 06/19/20 | $ | 15,025,087 | $ | 15,975,000 | $ | 949,913 | ||||||||||||
US 5 Year Note (CBT) | (280 | ) | 06/30/20 | (34,605,547 | ) | (35,100,625 | ) | (495,078 | ) | |||||||||||
Total | (208 | ) | $ | (19,580,460 | ) | $ | (19,125,625 | ) | $ | 454,835 |
Forward foreign currency contracts outstanding as of March 31, 2020 were as follows:
Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation) | ||||||||||||||
$ | 4,268 | EUR | 3,825 | Citibank, N.A. | 04/27/20 | $ | 44 | |||||||||||||
$ | 1,713,628 | EUR | 1,572,886 | Citibank, N.A. | 05/18/20 | (24,415 | ) | |||||||||||||
Total | $ | (24,371 | ) | |||||||||||||||||
$ | 10,024,024 | EUR | 9,100,000 | Morgan Stanley | 06/15/20 | $ | (41,524 | ) | ||||||||||||
$ | 3,849,123 | EUR | 3,471,175 | Toronto Dominion Bank | 04/27/20 | 16,563 | ||||||||||||||
Total | $ | (49,332 | ) |
Abbreviation(s):
EUR | Euro |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 45 |
Summary portfolio of investments
5–15 Year Laddered Tax-Exempt Bond Fund ■ March 31, 2020
Principal | Issuer | Value | % of net assets | ||||||||||
LONG-TERM MUNICIPAL BONDS | |||||||||||||
ALABAMA | |||||||||||||
Lower Alabama Gas District | |||||||||||||
$ | 2,900,000 | 4.000%, 12/01/50 | $ | 3,016,348 | 1.1 | % | |||||||
Other | 3,246,140 | 1.1 | |||||||||||
6,262,488 | 2.2 | ||||||||||||
ALASKA | |||||||||||||
Borough of Matanuska-Susitna AK | |||||||||||||
2,570,000 | 5.000%, 09/01/25 | 3,031,032 | 1.1 | ||||||||||
Other | 586,045 | 0.2 | |||||||||||
3,617,077 | 1.3 | ||||||||||||
ARIZONA | |||||||||||||
Chandler Industrial Development Authority | |||||||||||||
2,000,000 | 5.000%, 06/01/49 | 2,216,000 | 0.8 | ||||||||||
Other | 459,114 | 0.2 | |||||||||||
2,675,114 | 1.0 | ||||||||||||
ARKANSAS | 2,139,290 | 0.8 | |||||||||||
CALIFORNIA | |||||||||||||
California Health Facilities Financing Authority | |||||||||||||
1,510,000 | 5.000%, 09/01/33 | 1,836,583 | 0.7 | ||||||||||
City of Los Angeles Department of Airports | |||||||||||||
2,000,000 | 5.000%, 05/15/27 | 2,340,820 | 0.9 | ||||||||||
Elk Grove Finance Authority | |||||||||||||
1,715,000 | 5.000%, 09/01/30 | 1,930,610 | 0.7 | ||||||||||
Other | 5,530,256 | 2.1 | |||||||||||
11,638,269 | 4.4 | ||||||||||||
COLORADO | |||||||||||||
City & County of Denver CO Airport System Revenue | |||||||||||||
1,500,000 | 5.000%, 11/15/30 | 1,773,315 | 0.7 | ||||||||||
Other | 1,909,659 | 0.7 | |||||||||||
3,682,974 | 1.4 | ||||||||||||
CONNECTICUT | |||||||||||||
University of Connecticut | |||||||||||||
2,000,000 | 5.000%, 03/15/28 | 2,374,320 | 0.9 | ||||||||||
Other | 4,822,299 | 1.8 | |||||||||||
7,196,619 | 2.7 | ||||||||||||
DISTRICT OF COLUMBIA | 1,135,008 | 0.4 | |||||||||||
FLORIDA | |||||||||||||
Escambia County Health Facilities Authority | |||||||||||||
3,000,000 | 5.000%, 08/15/32 | 3,555,330 | 1.3 | ||||||||||
JEA Electric System Revenue | |||||||||||||
2,000,000 | 4.110%, 10/01/34 | 2,000,000 | 0.7 | ||||||||||
Miami-Dade County Expressway Authority | |||||||||||||
1,375,000 | 5.000%, 07/01/31 | 1,624,659 | 0.6 | ||||||||||
Port St. Lucie Community Redevelopment Agency | |||||||||||||
2,180,000 | 5.000%, 01/01/26 | 2,589,949 | 1.0 | ||||||||||
Other | 8,120,654 | 3.1 | |||||||||||
17,890,592 | 6.7 |
Principal | Issuer | Value | % of net assets | ||||||||||
GEORGIA | |||||||||||||
Brookhaven Development Authority | |||||||||||||
$ | 1,250,000 | 5.000%, 07/01/27 | $ | 1,559,137 | 0.6 | % | |||||||
Other | 7,879,317 | 2.8 | |||||||||||
9,438,454 | 3.4 | ||||||||||||
GUAM | 405,428 | 0.2 | |||||||||||
HAWAII | |||||||||||||
City & County of Honolulu HI | |||||||||||||
1,275,000 | 5.000%, 09/01/27 | 1,606,831 | 0.6 | ||||||||||
Other | 2,260,350 | 0.8 | |||||||||||
3,867,181 | 1.4 | ||||||||||||
ILLINOIS | |||||||||||||
Chicago Midway International Airport | |||||||||||||
2,000,000 | 5.000%, 01/01/26 | 2,296,600 | 0.9 | ||||||||||
City of Chicago IL | |||||||||||||
3,250,000 | 5.000%, 01/01/28 | 3,365,147 | 1.2 | ||||||||||
City of Chicago IL Wastewater Transmission Revenue | |||||||||||||
1,500,000 | 5.000%, 01/01/22 | 1,587,765 | 0.6 | ||||||||||
City of Chicago IL, GO | |||||||||||||
1,500,000 | 5.500%, 01/01/35 | 1,556,220 | 0.6 | ||||||||||
County of Cook IL | |||||||||||||
1,750,000 | 5.000%, 11/15/31 | 1,788,640 | 0.7 | ||||||||||
Metropolitan Water Reclamation District of Greater Chicago | |||||||||||||
2,000,000 | 5.000%, 12/01/30 | 2,333,400 | 0.9 | ||||||||||
Sales Tax Securitization Corp | |||||||||||||
1,500,000 | 5.000%, 01/01/30 | 1,720,620 | 0.6 | ||||||||||
State of Illinois | |||||||||||||
2,000,000 | 5.000%, 06/01/28 | 2,072,360 | 0.8 | ||||||||||
Other | 16,948,213 | 6.2 | |||||||||||
33,668,965 | 12.5 | ||||||||||||
INDIANA | 1,488,833 | 0.6 | |||||||||||
IOWA | 579,728 | 0.2 | |||||||||||
KENTUCKY | |||||||||||||
Kentucky Turnpike Authority | |||||||||||||
2,000,000 | 5.000%, 07/01/26 | 2,414,180 | 0.9 | ||||||||||
Other | 2,975,713 | 1.1 | |||||||||||
5,389,893 | 2.0 | ||||||||||||
LOUISIANA | 4,294,691 | 1.6 | |||||||||||
MAINE | 635,663 | 0.2 | |||||||||||
MARYLAND | |||||||||||||
County of Baltimore MD | |||||||||||||
2,000,000 | 4.000%, 01/01/29 | 2,268,040 | 0.8 | ||||||||||
2,268,040 | 0.8 | ||||||||||||
MASSACHUSETTS | 596,975 | 0.2 | |||||||||||
MICHIGAN | |||||||||||||
Michigan Finance Authority | |||||||||||||
2,000,000 | 5.000%, 04/01/25 | 2,312,860 | 0.9 | ||||||||||
2,000,000 | 5.000%, 11/15/28 | 2,390,080 | 0.9 | ||||||||||
1,650,000 | 5.000%, 07/01/44 | 1,749,924 | 0.6 |
46 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | continued |
5–15 Year Laddered Tax-Exempt Bond Fund ■ March 31, 2020 |
Principal | Issuer | Value | % of net assets | ||||||||||
MICHIGAN—continued | |||||||||||||
Michigan State Housing Development Authority | |||||||||||||
$ | 3,000,000 | 5.250%, 06/01/38 | $ | 3,000,000 | 1.1 | % | |||||||
Other | 3,249,901 | 1.3 | |||||||||||
12,702,765 | 4.8 | ||||||||||||
MINNESOTA | 2,581,589 | 0.9 | |||||||||||
MISSISSIPPI | |||||||||||||
Mississippi Business Finance Corp | |||||||||||||
4,000,000 | 3.790%, 12/01/30 | 4,000,000 | 1.5 | ||||||||||
Other | 5,015,999 | 1.9 | |||||||||||
9,015,999 | 3.4 | ||||||||||||
MISSOURI | |||||||||||||
St. Louis Municipal Finance Corp | |||||||||||||
1,745,000 | 5.000%, 02/15/26 | 2,081,506 | 0.8 | ||||||||||
Other | 5,381,085 | 1.9 | |||||||||||
7,462,591 | 2.7 | ||||||||||||
NEBRASKA | 270,323 | 0.1 | |||||||||||
NEVADA | 1,808,902 | 0.6 | |||||||||||
NEW JERSEY | |||||||||||||
New Jersey Economic Development Authority | |||||||||||||
3,500,000 | 5.000%, 11/01/35 | 3,749,200 | 1.4 | ||||||||||
New Jersey Transportation Trust Fund Authority | |||||||||||||
6,000,000 | 5.000%, 06/15/34 | 6,424,620 | 2.4 | ||||||||||
Other | 4,711,769 | 1.7 | |||||||||||
14,885,589 | 5.5 | ||||||||||||
NEW YORK | |||||||||||||
New York State Dormitory Authority | |||||||||||||
1,750,000 | 5.000%, 07/01/33 | 2,002,403 | 0.7 | ||||||||||
Other | 8,769,232 | 3.3 | |||||||||||
10,771,635 | 4.0 | ||||||||||||
NORTH CAROLINA | |||||||||||||
County of Duplin NC | |||||||||||||
1,355,000 | 5.000%, 04/01/27 | 1,609,754 | 0.6 | ||||||||||
North Carolina Medical Care Commission | |||||||||||||
2,000,000 | 5.000%, 06/01/34 | 2,011,520 | 0.7 | ||||||||||
Other | 3,010,682 | 1.1 | |||||||||||
6,631,956 | 2.4 | ||||||||||||
NORTH DAKOTA | 1,020,050 | 0.4 | |||||||||||
OHIO | |||||||||||||
County of Miami OH | |||||||||||||
1,500,000 | 5.000%, 08/01/32 | 1,830,210 | 0.7 | ||||||||||
Other | 3,992,884 | 1.5 | |||||||||||
5,823,094 | 2.2 | ||||||||||||
OKLAHOMA | |||||||||||||
Oklahoma Development Finance Authority | |||||||||||||
1,500,000 | 5.250%, 08/15/48 | 1,675,140 | 0.6 | ||||||||||
Other | 921,060 | 0.3 | |||||||||||
2,596,200 | 0.9 |
Principal | Issuer | Value | % of net assets | ||||||||||
OREGON | |||||||||||||
Oregon State Business Development Commission | |||||||||||||
$ | 3,000,000 | g | 6.500%, 04/01/31 | $ | 2,081,340 | 0.8 | % | ||||||
Other | 2,102,840 | 0.8 | |||||||||||
4,184,180 | 1.6 | ||||||||||||
PENNSYLVANIA | |||||||||||||
Pennsylvania Economic Development Financing Authority | |||||||||||||
2,000,000 | 5.000%, 12/31/25 | 2,205,200 | 0.8 | ||||||||||
School District of the City of Erie | |||||||||||||
1,500,000 | 5.000%, 04/01/28 | 1,856,475 | 0.7 | ||||||||||
Other | 7,865,226 | 2.9 | |||||||||||
11,926,901 | 4.4 | ||||||||||||
RHODE ISLAND | 1,822,193 | 0.7 | |||||||||||
SOUTH CAROLINA | 875,465 | 0.3 | |||||||||||
SOUTH DAKOTA | 553,187 | 0.2 | |||||||||||
TENNESSEE | |||||||||||||
Metropolitan Nashville Airport Authority | |||||||||||||
2,305,000 | 5.000%, 07/01/35 | 2,793,314 | 1.0 | ||||||||||
Other | 1,134,687 | 0.4 | |||||||||||
3,928,001 | 1.4 | ||||||||||||
TEXAS | |||||||||||||
City of El Paso TX Airport Revenue | |||||||||||||
2,000,000 | 5.000%, 08/15/28 | 2,381,500 | 0.9 | ||||||||||
City of Houston TX | |||||||||||||
1,970,000 | 5.000%, 03/01/32 | 2,385,020 | 0.9 | ||||||||||
City of Lubbock TX | |||||||||||||
1,500,000 | 5.000%, 02/15/25 | 1,753,560 | 0.6 | ||||||||||
Texas Municipal Gas Acquisition & Supply Corp III | |||||||||||||
1,545,000 | 5.000%, 12/15/32 | 1,595,444 | 0.6 | ||||||||||
Texas Private Activity Bond Surface Transportation Corp | |||||||||||||
2,500,000 | 5.000%, 12/31/35 | 2,815,225 | 1.0 | ||||||||||
Other | 16,496,512 | 6.2 | |||||||||||
27,427,261 | 10.2 | ||||||||||||
UTAH | 2,885,376 | 1.0 | |||||||||||
VIRGIN ISLANDS | |||||||||||||
Virgin Islands Public Finance Authority | |||||||||||||
2,000,000 | g | 5.000%, 09/01/25 | 2,265,300 | 0.8 | |||||||||
2,500,000 | g | 5.000%, 09/01/33 | 2,782,000 | 1.0 | |||||||||
5,047,300 | 1.8 | ||||||||||||
WASHINGTON | |||||||||||||
City of Bellingham WA Water & Sewer Revenue | |||||||||||||
1,855,000 | g | 5.500%, 02/01/21 | 1,855,000 | 0.7 | |||||||||
Other | 1,813,490 | 0.7 | |||||||||||
3,668,490 | 1.4 | ||||||||||||
WEST VIRGINIA | 3,656,131 | 1.4 | |||||||||||
TOTAL LONG-TERM MUNICIPAL BONDS (Cost $257,154,163) | 260,416,460 | 96.3 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 47 |
Summary portfolio of investments | concluded |
5–15 Year Laddered Tax-Exempt Bond Fund ■ March 31, 2020 |
Principal | Issuer | Value | % of net assets | ||||||||||
SHORT-TERM MUNICIPAL BONDS | |||||||||||||
NATIONAL | |||||||||||||
JPMorgan Chase Putters | |||||||||||||
$3,000,000 | g | 4.125%, 06/01/21 | $ | 3,000,000 | 1.1 | % | |||||||
3,000,000 | 1.1 | ||||||||||||
TOTAL SHORT-TERM MUNICIPAL BONDS (Cost $3,000,000) | 3,000,000 | 1.1 | |||||||||||
TOTAL PORTFOLIO (Cost $260,154,163) | 263,416,460 | 97.4 | |||||||||||
OTHER ASSETS & LIABILITIES, NET | 6,973,364 | 2.6 | |||||||||||
NET ASSETS | $ | 270,389,824 | 100.0 | % |
Abbreviation(s):
GO | General Obligation |
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/20, the aggregate value of these securities, including those in “Other,” is $17,452,482 or 6.5% of net assets. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
48 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments
Green Bond Fund ■ March 31, 2020
Principal | Issuer | Value | % of net assets | ||||||||||
BANK LOAN OBLIGATIONS | |||||||||||||
UTILITIES | |||||||||||||
ExGen Renewables IV LLC | |||||||||||||
$ | 477,543 | i | 4.620%, 11/28/24, LIBOR 3 M + 3.000% | $ | 427,401 | 1.3 | % | ||||||
427,401 | 1.3 | ||||||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $473,689) | 427,401 | 1.3 | |||||||||||
BONDS | |||||||||||||
CORPORATE BONDS | |||||||||||||
BANKS | |||||||||||||
Bank of America Corp | |||||||||||||
725,000 | 2.456%, 10/22/25 | 731,134 | 2.2 | ||||||||||
HSBC Holdings plc | |||||||||||||
500,000 | 3.033%, 11/22/23 | 496,312 | 1.5 | ||||||||||
ING Groep NV | |||||||||||||
500,000 | g | 4.625%, 01/06/26 | 526,980 | 1.6 | |||||||||
Other | 453,989 | 1.4 | |||||||||||
2,208,415 | 6.7 | ||||||||||||
CAPITAL GOODS | 225,000 | 0.7 | |||||||||||
CONSUMER SERVICES | |||||||||||||
Conservation Fund | |||||||||||||
250,000 | 3.474%, 12/15/29 | 279,503 | 0.8 | ||||||||||
Other | 260,278 | 0.8 | |||||||||||
539,781 | 1.6 | ||||||||||||
MATERIALS | |||||||||||||
Inversiones CMPC S.A. | |||||||||||||
525,000 | g | 4.375%, 04/04/27 | 489,568 | 1.5 | |||||||||
LG Chem Ltd | |||||||||||||
500,000 | g | 3.625%, 04/15/29 | 493,118 | 1.5 | |||||||||
Other | 196,750 | 0.6 | |||||||||||
1,179,436 | 3.6 | ||||||||||||
REAL ESTATE | |||||||||||||
Alexandria Real Estate Equities, Inc | |||||||||||||
500,000 | 4.000%, 01/15/24 | 510,833 | 1.5 | ||||||||||
Other | 264,000 | 0.8 | |||||||||||
774,833 | 2.3 | ||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | |||||||||||||
Apple, Inc | |||||||||||||
500,000 | 2.850%, 02/23/23 | 521,638 | 1.6 | ||||||||||
500,000 | 3.000%, 06/20/27 | 540,980 | 1.6 | ||||||||||
1,062,618 | 3.2 | ||||||||||||
UTILITIES | |||||||||||||
Avangrid, Inc | |||||||||||||
500,000 | 3.150%, 12/01/24 | 497,366 | 1.5 | ||||||||||
Azure Power Energy Ltd | |||||||||||||
500,000 | g | 5.500%, 11/03/22 | 456,447 | 1.4 | |||||||||
DTE Electric Co | |||||||||||||
250,000 | 4.050%, 05/15/48 | 283,804 | 0.9 | ||||||||||
Georgia Power Co | |||||||||||||
500,000 | 3.250%, 04/01/26 | 519,090 | 1.6 |
Principal | Issuer | Value | % of net assets | ||||||||||
UTILITIES—continued | |||||||||||||
Interstate Power & Light Co | |||||||||||||
$ | 500,000 | 4.100%, 09/26/28 | $ | 560,077 | 1.7 | % | |||||||
MidAmerican Energy Co | |||||||||||||
500,000 | 3.950%, 08/01/47 | 538,602 | 1.6 | ||||||||||
600,000 | 3.650%, 08/01/48 | 644,004 | 1.9 | ||||||||||
NorthWestern Corp | |||||||||||||
250,000 | 4.176%, 11/15/44 | 274,756 | 0.8 | ||||||||||
Public Service Co of Colorado | |||||||||||||
529,000 | 3.700%, 06/15/28 | 560,389 | 1.7 | ||||||||||
550,000 | 3.200%, 03/01/50 | 556,546 | 1.7 | ||||||||||
Topaz Solar Farms LLC | |||||||||||||
381,372 | g | 4.875%, 09/30/39 | 392,789 | 1.2 | |||||||||
Westar Energy, Inc | |||||||||||||
750,000 | 2.550%, 07/01/26 | 778,273 | 2.3 | ||||||||||
Other | 2,067,629 | 6.2 | |||||||||||
8,129,772 | 24.5 | ||||||||||||
TOTAL CORPORATE BONDS (Cost $13,671,870) | 14,119,855 | 42.6 | |||||||||||
GOVERNMENT BONDS | |||||||||||||
AGENCY SECURITIES | |||||||||||||
Overseas Private Investment Corp (OPIC) | |||||||||||||
243,400 | 3.590%, 06/15/35 | 284,009 | 0.9 | ||||||||||
250,000 | 2.580%, 07/15/38 | 276,439 | 0.8 | ||||||||||
743,400 | 1.790%–3.050%, 10/15/29–06/15/35 | 801,117 | 2.4 | ||||||||||
1,361,565 | 4.1 | ||||||||||||
FOREIGN GOVERNMENT BONDS | |||||||||||||
Asian Development Bank | |||||||||||||
579,000 | 1.750%, 08/14/26 | 611,211 | 1.8 | ||||||||||
250,000 | 3.125%, 09/26/28 | 292,832 | 0.9 | ||||||||||
European Investment Bank | |||||||||||||
275,000 | 1.625%, 10/09/29 | 287,086 | 0.9 | ||||||||||
International Bank for Reconstruction & Development | |||||||||||||
500,000 | 2.125%, 03/03/25 | 534,709 | 1.6 | ||||||||||
500,000 | 3.125%, 11/20/25 | 564,634 | 1.7 | ||||||||||
Kreditanstalt fuer Wiederaufbau | |||||||||||||
500,000 | 1.750%, 09/14/29 | 532,238 | 1.6 | ||||||||||
Perusahaan Penerbit SBSN Indonesia III | |||||||||||||
300,000 | g | 3.750%, 03/01/23 | 298,788 | 0.9 | |||||||||
Other | 1,039,078 | 3.1 | |||||||||||
4,160,576 | 12.5 | ||||||||||||
MUNICIPAL BONDS | |||||||||||||
City of Austin TX Electric Utility Revenue | |||||||||||||
360,000 | 2.677%, 11/15/25 | 373,212 | 1.1 | ||||||||||
City of Cleveland OH Income Tax Revenue | |||||||||||||
300,000 | 3.072%, 10/01/41 | 287,049 | 0.9 | ||||||||||
Grant County Public Utility District No 2 | |||||||||||||
600,000 | 1.544%, 01/01/23 | 604,266 | 1.8 | ||||||||||
Mount Shasta Public Financing Authority | |||||||||||||
875,000 | 2.625%–3.000%, 08/01/35–08/01/39 | 903,929 | 2.8 | ||||||||||
Ohio Air Quality Development Authority | |||||||||||||
500,000 | g | 4.500%, 01/15/48 | 454,280 | 1.4 | |||||||||
State of California | |||||||||||||
500,000 | i | 2.295%, 04/01/47, LIBOR 1 M + 0.780% | 503,840 | 1.5 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 49 |
Summary portfolio of investments | concluded |
Green Bond Fund ■ March 31, 2020
Principal | Issuer | Value | % of net assets | ||||||||||
MUNICIPAL BONDS—continued | |||||||||||||
Warm Springs Reservation Confederated Tribe | |||||||||||||
$ | 500,000 | g | 2.800%, 11/01/22 | $ | 507,325 | 1.5 | % | ||||||
Other | 828,872 | 2.4 | |||||||||||
4,462,773 | 13.4 | ||||||||||||
TOTAL GOVERNMENT BONDS (Cost $9,654,647) | 9,984,914 | 30.0 | |||||||||||
STRUCTURED ASSETS | |||||||||||||
ASSET BACKED | |||||||||||||
HERO Funding Trust | |||||||||||||
Series - 2016 1A (Class A) | |||||||||||||
276,631 | g | 4.050%, 09/20/41 | 287,076 | 0.9 | |||||||||
Series - 2016 3A (Class A2) | |||||||||||||
430,225 | g | 3.910%, 09/20/42 | 447,110 | 1.3 | |||||||||
Series - 2017 3A (Class A2) | |||||||||||||
520,524 | g | 3.950%, 09/20/48 | 524,334 | 1.6 | |||||||||
857,715 | g | 2.720%–4.460%, 09/20/47–09/20/57 | 853,981 | 2.6 | |||||||||
Sunrun Atlas Issuer LLC | |||||||||||||
Series - 2019 2 (Class A) | |||||||||||||
496,891 | g | 3.610%, 02/01/55 | 376,079 | 1.1 | |||||||||
Sunrun Callisto Issuer LLC | |||||||||||||
Series - 2019 1A (Class A) | |||||||||||||
463,693 | g | 3.980%, 06/30/54 | 352,043 | 1.1 | |||||||||
Tesla Auto Lease Trust | |||||||||||||
Series - 2018 B (Class A) | |||||||||||||
637,672 | g | 3.710%, 08/20/21 | 640,548 | 1.9 | |||||||||
500,000 | g | 2.160%–2.200%, 10/20/22–11/21/22 | 495,229 | 1.5 | |||||||||
Other | 212,267 | 0.6 | |||||||||||
4,188,667 | 12.6 | ||||||||||||
OTHER MORTGAGE BACKED | |||||||||||||
BBCMS Trust | |||||||||||||
Series - 2015 SRCH (Class D) | |||||||||||||
600,000 | g,i | 4.957%, 08/10/35 | 518,713 | 1.6 | |||||||||
COMM Mortgage Trust | |||||||||||||
Series - 2015 3BP (Class A) | |||||||||||||
500,000 | g | 3.178%, 02/10/35 | 511,933 | 1.5 | |||||||||
CPT Mortgage Trust | |||||||||||||
Series - 2019 CPT (Class A) | |||||||||||||
500,000 | g | 2.865%, 11/13/39 | 489,783 | 1.5 | |||||||||
GRACE Mortgage Trust | |||||||||||||
Series - 2014 GRCE (Class A) | |||||||||||||
275,000 | g | 3.369%, 06/10/28 | 276,396 | 0.8 | |||||||||
One Bryant Park Trust | |||||||||||||
Series - 2019 OBP (Class A) | |||||||||||||
500,000 | g | 2.516%, 09/15/54 | 498,072 | 1.5 | |||||||||
Other | 477,685 | 1.4 | |||||||||||
2,772,582 | 8.3 | ||||||||||||
TOTAL STRUCTURED ASSETS (Cost $7,333,996) | 6,961,249 | 20.9 | |||||||||||
TOTAL BONDS (Cost $30,660,513) | 31,066,018 | 93.5 |
Shares | Company | Value | % of net assets | |||||||||||
PREFERRED STOCKS | ||||||||||||||
REAL ESTATE | $ | 299,400 | 0.9 | % | ||||||||||
UTILITIES | ||||||||||||||
16,000 | * | Brookfield Renewable Partners LP | 311,680 | 1.0 | ||||||||||
311,680 | 1.0 | |||||||||||||
TOTAL PREFERRED STOCKS (Cost $900,000) | 611,080 | 1.9 | ||||||||||||
Principal | Issuer | |||||||||||||
SHORT-TERM INVESTMENTS | ||||||||||||||
GOVERNMENT AGENCY DEBT | ||||||||||||||
Federal Home Loan Bank (FHLB) | ||||||||||||||
$ | 437,000 | 0.530%, 06/12/20 | 436,965 | 1.3 | ||||||||||
436,965 | 1.3 | |||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $436,965) | 436,965 | 1.3 | ||||||||||||
TOTAL PORTFOLIO (Cost $32,471,167) | 32,541,464 | 98.0 | ||||||||||||
OTHER ASSETS & LIABILITIES, NET | 680,378 | 2.0 | ||||||||||||
NET ASSETS | $ | 33,221,842 | 100.0 | % |
Abbreviation(s):
LIBOR | London Interbank Offered Rate |
M | Month |
* | Non-income producing |
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/20, the aggregate value of these securities, including those in “Other,” is $13,096,690 or 39.4% of net assets. |
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. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
50 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments
High-Yield Fund ■ March 31, 2020
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
BANK LOAN OBLIGATIONS | |||||||||||||
AUTOMOBILES & COMPONENTS | $ | 9,846,870 | 0.3 | % | |||||||||
CAPITAL GOODS | |||||||||||||
Vertiv Group Corp | |||||||||||||
$ | 17,175,000 | i | 4.581%, 03/02/27, LIBOR 1 M + 3.000% | 14,770,500 | 0.5 | ||||||||
Other | 13,576,269 | 0.4 | |||||||||||
28,346,769 | 0.9 | ||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 18,134,768 | 0.6 | |||||||||||
CONSUMER DURABLES & APPAREL | 3,073,848 | 0.1 | |||||||||||
CONSUMER SERVICES | 23,174,850 | 0.7 | |||||||||||
ENERGY | 12,407,111 | 0.4 | |||||||||||
FOOD, BEVERAGE & TOBACCO | 4,169,000 | 0.1 | |||||||||||
HEALTH CARE EQUIPMENT & SERVICES | |||||||||||||
RegionalCare Hospital Partners Holdings, Inc | |||||||||||||
18,648,659 | i | 4.739%, 11/16/25, LIBOR 1 M + 3.750% | 17,215,136 | 0.5 | |||||||||
Other | 8,699,875 | 0.3 | |||||||||||
25,915,011 | 0.8 | ||||||||||||
INSURANCE | 23,169,153 | 0.7 | |||||||||||
MATERIALS | 15,605,419 | 0.5 | |||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 8,084,029 | 0.2 | |||||||||||
REAL ESTATE | 12,600,809 | 0.4 | |||||||||||
RETAILING | 13,379,486 | 0.4 | |||||||||||
SOFTWARE & SERVICES | |||||||||||||
Dun & Bradstreet Corp | |||||||||||||
23,000,000 | i | 4.959%, 02/06/26, LIBOR 1 M + 4.000% | 20,613,750 | 0.6 | |||||||||
20,613,750 | 0.6 | ||||||||||||
TRANSPORTATION | 10,007,865 | 0.3 | |||||||||||
UTILITIES | 3,059,808 | 0.1 | |||||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $285,718,825) | 231,588,546 | 7.1 | |||||||||||
BONDS | |||||||||||||
CORPORATE BONDS | |||||||||||||
AUTOMOBILES & COMPONENTS | |||||||||||||
Gates Global LLC | |||||||||||||
37,075,000 | g | 6.250%, 01/15/26 | 32,811,375 | 1.0 | |||||||||
IHO Verwaltungs GmbH | |||||||||||||
19,800,000 | g,o | 6.375%, 05/15/29 | 15,147,000 | 0.5 | |||||||||
Panther BF Aggregator 2 LP | |||||||||||||
20,650,000 | g | 8.500%, 05/15/27 | 18,015,060 | 0.6 | |||||||||
Other | 34,998,164 | 1.0 | |||||||||||
100,971,599 | 3.1 | ||||||||||||
BANKS | 15,458,481 | 0.5 |
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
CAPITAL GOODS | |||||||||||||
Beacon Escrow Corp | |||||||||||||
$ | 22,950,000 | g | 4.875%, 11/01/25 | $ | 20,712,375 | 0.6 | % | ||||||
Other | 69,509,404 | 2.2 | |||||||||||
90,221,779 | 2.8 | ||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | |||||||||||||
Prime Security Services Borrower LLC | |||||||||||||
15,700,000 | g | 5.250%, 04/15/24 | 15,508,303 | 0.5 | |||||||||
30,075,000 | g | 5.750%, 04/15/26 | 29,473,500 | 0.9 | |||||||||
18,100,000 | g | 6.250%, 01/15/28 | 15,611,250 | 0.5 | |||||||||
United Rentals North America, Inc | |||||||||||||
40,475,000 | 4.625%–6.500%, 07/15/25–01/15/28 | 39,842,673 | 1.2 | ||||||||||
Other | 129,318,675 | 4.0 | |||||||||||
229,754,401 | 7.1 | ||||||||||||
CONSUMER DURABLES & APPAREL | |||||||||||||
KB Home | |||||||||||||
16,650,000 | 6.875%, 06/15/27 | 16,650,000 | 0.5 | ||||||||||
Lennar Corp | |||||||||||||
16,000,000 | 4.500%, 04/30/24 | 15,648,640 | 0.5 | ||||||||||
Mattel, Inc | |||||||||||||
18,050,000 | g | 6.750%, 12/31/25 | 18,411,000 | 0.6 | |||||||||
Other | 47,113,475 | 1.4 | |||||||||||
97,823,115 | 3.0 | ||||||||||||
CONSUMER SERVICES | 122,662,306 | 3.8 | |||||||||||
DIVERSIFIED FINANCIALS | |||||||||||||
Ford Motor Credit Co LLC | |||||||||||||
25,400,000 | 4.063%, 11/01/24 | 23,050,500 | 0.7 | ||||||||||
Quicken Loans, Inc | |||||||||||||
19,350,000 | g | 5.250%, 01/15/28 | 18,920,430 | 0.6 | |||||||||
Other | 69,340,643 | 2.1 | |||||||||||
111,311,573 | 3.4 | ||||||||||||
ENERGY | |||||||||||||
USA Compression Partners LP | |||||||||||||
30,000,000 | 6.875%, 04/01/26 | 18,750,000 | 0.6 | ||||||||||
Other | 312,659,557 | 9.6 | |||||||||||
331,409,557 | 10.2 | ||||||||||||
FOOD & STAPLES RETAILING | 35,335,995 | 1.1 | |||||||||||
FOOD, BEVERAGE & TOBACCO | 6,768,528 | 0.2 | |||||||||||
HEALTH CARE EQUIPMENT & SERVICES | |||||||||||||
Centene Corp | |||||||||||||
15,682,000 | 4.750%, 01/15/25 | 15,878,025 | 0.5 | ||||||||||
CHS | |||||||||||||
17,900,000 | g | 6.625%, 02/15/25 | 16,557,500 | 0.5 | |||||||||
HCA, Inc | |||||||||||||
33,350,000 | 5.375%, 02/01/25 | 33,933,292 | 1.1 | ||||||||||
Tenet Healthcare Corp | |||||||||||||
23,125,000 | 4.625%, 07/15/24 | 22,026,563 | 0.7 | ||||||||||
Other | 114,642,838 | 3.5 | |||||||||||
203,038,218 | 6.3 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 51 |
Summary portfolio of investments | continued |
High-Yield Fund ■ March 31, 2020
% of net | |||||||||||||
Principal | Issuer | Value | Assets | ||||||||||
MATERIALS | |||||||||||||
Freeport-McMoRan, Inc | |||||||||||||
$ | 35,600,000 | 3.875%–5.450%, 03/15/23–03/15/43 | $ | 32,888,188 | 1.0 | % | |||||||
Nova Chemicals Corp | |||||||||||||
35,000,000 | g | 4.875%, 06/01/24 | 30,712,500 | 0.9 | |||||||||
OCI NV | |||||||||||||
16,000,000 | g | 6.625%, 04/15/23 | 14,553,543 | 0.4 | |||||||||
Other | 161,957,399 | 5.0 | |||||||||||
240,111,630 | 7.3 | ||||||||||||
MEDIA & ENTERTAINMENT | |||||||||||||
CCO Holdings LLC | |||||||||||||
34,637,000 | g | 5.875%, 04/01/24 | 35,416,332 | 1.1 | |||||||||
CSC Holdings LLC | |||||||||||||
29,250,000 | g | 7.500%, 04/01/28 | 31,163,535 | 1.0 | |||||||||
36,425,000 | 5.500%–6.750%, 11/15/21–01/15/30 | 37,529,289 | 1.1 | ||||||||||
DISH DBS Corp | |||||||||||||
28,500,000 | 7.750%, 07/01/26 | 29,283,750 | 0.9 | ||||||||||
Numericable-SFR S.A. | |||||||||||||
19,150,000 | g | 7.375%, 05/01/26 | 19,341,500 | 0.6 | |||||||||
Terrier Media Buyer, Inc | |||||||||||||
17,325,000 | g | 8.875%, 12/15/27 | 14,553,000 | 0.4 | |||||||||
Other | 173,969,365 | 5.4 | |||||||||||
341,256,771 | 10.5 | ||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | |||||||||||||
Horizon Pharma USA, Inc | |||||||||||||
14,600,000 | g | 5.500%, 08/01/27 | 14,656,940 | 0.4 | |||||||||
VRX Escrow Corp | |||||||||||||
15,100,000 | g | 6.125%, 04/15/25 | 14,873,500 | 0.5 | |||||||||
Other | 42,345,932 | 1.3 | |||||||||||
71,876,372 | 2.2 | ||||||||||||
REAL ESTATE | 19,748,000 | 0.6 | |||||||||||
RETAILING | |||||||||||||
PetSmart, Inc | |||||||||||||
24,800,000 | g | 7.125%, 03/15/23 | 23,361,600 | 0.7 | |||||||||
21,000,000 | g | 8.875%, 06/01/25 | 19,005,000 | 0.6 | |||||||||
Staples, Inc | |||||||||||||
31,700,000 | g | 10.750%, 04/15/27 | 24,323,410 | 0.7 | |||||||||
Other | 73,821,796 | 2.3 | |||||||||||
140,511,806 | 4.3 | ||||||||||||
SOFTWARE & SERVICES | |||||||||||||
Refinitiv US Holdings, Inc | |||||||||||||
16,475,000 | g | 6.250%, 05/15/26 | 17,010,437 | 0.5 | |||||||||
Other | 62,919,416 | 2.0 | |||||||||||
79,929,853 | 2.5 | ||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | |||||||||||||
CommScope Finance LLC | |||||||||||||
17,925,000 | g | 8.250%, 03/01/27 | 17,277,908 | 0.5 | |||||||||
CommScope, Inc | |||||||||||||
28,700,000 | g | 6.000%, 06/15/25 | 26,266,240 | 0.8 | |||||||||
Other | 22,137,313 | 0.7 | |||||||||||
65,681,461 | 2.0 |
% of net | ||||||||||||||
Principal | Issuer | Value | assets | |||||||||||
TELECOMMUNICATION SERVICES | ||||||||||||||
CenturyLink, Inc | ||||||||||||||
$ | 17,300,000 | 5.800%, 03/15/22 | $ | 17,461,236 | 0.5 | % | ||||||||
16,400,000 | 7.500%, 04/01/24 | 17,958,000 | 0.6 | |||||||||||
Front Range BidCo, Inc | ||||||||||||||
16,600,000 | g | 4.000%, 03/01/27 | 15,884,125 | 0.5 | ||||||||||
T-Mobile USA, Inc | ||||||||||||||
22,000,000 | 5.125%, 04/15/25 | 22,494,340 | 0.7 | |||||||||||
Other | 86,139,010 | 2.7 | ||||||||||||
159,936,711 | 5.0 | |||||||||||||
TRANSPORTATION | 36,173,301 | 1.1 | ||||||||||||
UTILITIES | ||||||||||||||
Calpine Corp | ||||||||||||||
17,125,000 | g | 5.250%, 06/01/26 | 16,268,750 | 0.5 | ||||||||||
Other | 51,198,040 | 1.6 | ||||||||||||
67,466,790 | 2.1 | |||||||||||||
TOTAL CORPORATE BONDS (Cost $2,920,433,759) | 2,567,448,247 | 79.1 | ||||||||||||
TOTAL BONDS (Cost $2,920,433,759) | 2,567,448,247 | 79.1 | ||||||||||||
Shares | Company | |||||||||||||
COMMON STOCKS | ||||||||||||||
DIVERSIFIED FINANCIALS | ||||||||||||||
315,450 | iShares iBoxx $ High Yield Corporate Bond ETF | 24,311,731 | 0.8 | |||||||||||
183,823 | SPDR Bloomberg Barclays High Yield Bond ETF | 17,415,391 | 0.5 | |||||||||||
41,727,122 | 1.3 | |||||||||||||
ENERGY | 5,292,610 | 0.1 | ||||||||||||
TOTAL COMMON STOCKS (Cost $64,716,247) | 47,019,732 | 1.4 | ||||||||||||
Principal | Issuer | |||||||||||||
SHORT-TERM INVESTMENTS | ||||||||||||||
GOVERNMENT AGENCY DEBT | ||||||||||||||
Federal Farm Credit Bank (FFCB) | ||||||||||||||
$ | 16,000,000 | 0.530%, 04/02/20 | 15,999,969 | 0.5 | ||||||||||
15,000,000 | 0.490%, 04/24/20 | 14,999,329 | 0.5 | |||||||||||
Federal Home Loan Bank (FHLB) | ||||||||||||||
24,006,000 | 1.560%, 04/01/20 | 24,006,000 | 0.7 | |||||||||||
29,985,000 | 1.555%, 04/08/20 | 29,984,592 | 0.9 | |||||||||||
59,884,000 | 1.565%, 04/13/20 | 59,882,603 | 1.8 | |||||||||||
38,500,000 | 0.560%, 05/06/20 | �� | 38,497,380 | 1.2 | ||||||||||
16,555,000 | 0.070%, 10/13/20 | 16,542,446 | 0.5 | |||||||||||
80,004,000 | 0.030%–0.530%, 04/20/20–03/08/21 | 79,962,327 | 2.5 | |||||||||||
Federal National Mortgage Association (FNMA) | ||||||||||||||
35,500,000 | 0.800%, 04/16/20 | 35,498,964 | 1.1 | |||||||||||
Other | 14,987,342 | 0.5 | ||||||||||||
330,360,952 | 10.2 | |||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $330,319,311) | 330,360,952 | 10.2 | ||||||||||||
TOTAL PORTFOLIO (Cost $3,601,188,142) | 3,176,417,477 | 97.8 | ||||||||||||
OTHER ASSETS & LIABILITIES, NET | 70,934,636 | 2.2 | ||||||||||||
NET ASSETS | $ | 3,247,352,113 | 100.0 | % |
52 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | concluded |
High-Yield Fund ■ March 31, 2020
Abbreviation(s): |
ETF | Exchange Traded Fund |
LIBOR | London Interbank Offered Rate |
M | Month |
SPDR | Standard & Poor’s Depository Receipts |
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, asamended. Such securities are deemed liquid and may be resold in transactions exempt fromregistration to qualified institutional buyers. At 3/31/20, the aggregate value of thesesecurities, including those in “Other,” is $1,571,714,496 or 48.4% of net assets. |
i | Floating or variable rate security includes the reference rate and spread, unless the variable rateis based on the underlying asset of the security. Coupon rate reflects the rate at period end. |
o | Payment in Kind Bond. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 53 |
Portfolio of investments
Inflation-Linked Bond Fund ■ March 31, 2020
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
GOVERNMENT BONDS | |||||||||||||
AGENCY SECURITIES | |||||||||||||
Crowley Conro LLC | |||||||||||||
$ | 4,112,500 | 4.181%, 08/15/43 | $ | 5,172,899 | 0.2 | % | |||||||
Federal Home Loan Mortgage Corp (FHLMC) | |||||||||||||
10,000,000 | 1.500%, 02/12/25 | 10,436,790 | 0.3 | ||||||||||
HNA LLC | |||||||||||||
2,001,422 | 2.369%, 09/18/27 | 2,079,164 | 0.1 | ||||||||||
Montefiore Medical Center | |||||||||||||
9,515,000 | 2.895%, 04/20/32 | 10,695,720 | 0.3 | ||||||||||
Private Export Funding Corp (PEFCO) | |||||||||||||
3,000,000 | 3.250%, 06/15/25 | 3,409,662 | 0.1 | ||||||||||
Reliance Industries Ltd | |||||||||||||
3,947,368 | 2.444%, 01/15/26 | 4,064,878 | 0.1 | ||||||||||
Ukraine Government AID International Bonds | |||||||||||||
3,000,000 | 1.847%, 05/29/20 | 3,007,365 | 0.1 | ||||||||||
15,000,000 | 1.471%, 09/29/21 | 15,242,287 | 0.4 | ||||||||||
54,108,765 | 1.6 | ||||||||||||
MORTGAGE BACKED | |||||||||||||
Government National Mortgage Association (GNMA) | |||||||||||||
11,462,360 | 3.600%, 09/15/31 | 12,394,604 | 0.4 | ||||||||||
5,698,532 | 3.700%, 10/15/33 | 6,132,951 | 0.2 | ||||||||||
744,129 | 2.490%, 06/15/35 | 759,499 | 0.0 | ||||||||||
1,639,866 | 3.380%, 07/15/35 | 1,736,364 | 0.0 | ||||||||||
1,538,651 | 3.870%, 10/15/36 | 1,673,880 | 0.0 | ||||||||||
5,570,322 | 3.940%, 03/15/37 | 6,132,007 | 0.2 | ||||||||||
13,935,151 | 2.750%, 01/15/45 | 14,483,334 | 0.4 | ||||||||||
43,312,639 | 1.2 | ||||||||||||
U.S. TREASURY SECURITIES | |||||||||||||
United States Treasury Inflation Indexed Bonds | |||||||||||||
122,377,258 | k | 0.625%, 07/15/21 | 121,222,669 | 3.5 | |||||||||
136,769,276 | k | 0.125%, 01/15/22 | 134,798,787 | 3.9 | |||||||||
171,581,801 | k | 0.125%, 04/15/22 | 169,147,223 | 4.9 | |||||||||
146,532,356 | k | 0.125%, 07/15/22 | 145,149,614 | 4.2 | |||||||||
136,349,322 | k | 0.125%, 01/15/23 | 134,681,421 | 3.9 | |||||||||
127,728,120 | k | 0.625%, 04/15/23 | 128,703,420 | 3.8 | |||||||||
140,210,070 | k | 0.375%, 07/15/23 | 141,056,577 | 4.1 | |||||||||
132,678,509 | k | 0.625%, 01/15/24 | 134,876,584 | 3.9 | |||||||||
105,232,774 | k | 0.500%, 04/15/24 | 106,772,256 | 3.1 | |||||||||
120,287,106 | k | 0.125%, 07/15/24 | 120,559,848 | 3.5 | |||||||||
98,021,625 | k | 0.125%, 10/15/24 | 99,224,010 | 2.9 | |||||||||
155,528,391 | k | 0.250%, 01/15/25 | 156,940,833 | 4.6 | |||||||||
104,482,814 | k | 2.375%, 01/15/25 | 115,885,319 | 3.4 | |||||||||
129,625,456 | k | 0.375%, 07/15/25 | 132,262,629 | 3.9 | |||||||||
145,230,307 | k | 0.625%, 01/15/26 | 150,066,544 | 4.4 | |||||||||
63,798,173 | k | 2.000%, 01/15/26 | 70,990,431 | 2.1 | |||||||||
94,834,930 | k | 0.125%, 07/15/26 | 95,740,632 | 2.8 | |||||||||
110,251,383 | k | 0.375%, 01/15/27 | 112,924,346 | 3.3 | |||||||||
45,096,745 | k | 2.375%, 01/15/27 | 52,298,391 | 1.5 | |||||||||
86,538,712 | k | 0.375%, 07/15/27 | 89,087,511 | 2.6 | |||||||||
147,548,270 | k | 0.500%, 01/15/28 | 153,851,280 | 4.5 | |||||||||
80,055,806 | k | 1.750%, 01/15/28 | 91,114,127 | 2.7 | |||||||||
52,370,652 | k | 3.625%, 04/15/28 | 67,445,027 | 2.0 | |||||||||
67,686,695 | k | 0.750%, 07/15/28 | 72,470,294 | 2.1 | |||||||||
124,013,742 | k | 0.875%, 01/15/29 | 134,866,601 | 3.9 | |||||||||
41,189,656 | k | 2.500%, 01/15/29 | 50,580,735 | 1.5 | |||||||||
116,991,584 | k | 3.875%, 04/15/29 | 157,841,025 | 4.6 |
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
U.S. TREASURY SECURITIES—continued | |||||||||||||
$ | 76,637,640 | k | 0.250%, 07/15/29 | $ | 79,652,934 | 2.3 | % | ||||||
5,012,750 | k | 0.125%, 01/15/30 | 5,170,823 | 0.2 | |||||||||
35,602,910 | k | 3.375%, 04/15/32 | 50,346,133 | 1.5 | |||||||||
3,275,728,024 | 95.6 | ||||||||||||
TOTAL GOVERNMENT BONDS (Cost $3,275,713,430) | 3,373,149,428 | 98.4 | |||||||||||
SHORT-TERM INVESTMENTS | |||||||||||||
GOVERNMENT AGENCY DEBT | |||||||||||||
Federal Farm Credit Bank (FFCB) | |||||||||||||
5,000,000 | 0.130%, 07/13/20 | 4,998,712 | 0.1 | ||||||||||
Federal Home Loan Bank (FHLB) | |||||||||||||
11,070,000 | 0.200%, 07/20/20 | 11,066,956 | 0.3 | ||||||||||
46,541,000 | 0.190%, 07/31/20 | 46,526,921 | 1.4 | ||||||||||
2,500,000 | 0.060%, 10/01/20 | 2,498,221 | 0.1 | ||||||||||
65,090,810 | 1.9 | ||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $65,077,330) | 65,090,810 | 1.9 | |||||||||||
TOTAL PORTFOLIO (Cost $3,340,790,760) | 3,438,240,238 | 100.3 | |||||||||||
OTHER ASSETS & LIABILITIES, NET | (10,765,399 | ) | (0.3 | ) | |||||||||
NET ASSETS | $ | 3,427,474,839 | 100.0 | % |
k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. |
54 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments
Short Duration Impact Bond Fund ■ March 31, 2020
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
BANK LOAN OBLIGATIONS | |||||||||||||
UTILITIES | |||||||||||||
ExGen Renewables IV LLC | |||||||||||||
$ | 477,543 | i | 4.620%, 11/28/24, LIBOR 3 M + 3.000% | $ | 427,401 | 1.5 | % | ||||||
427,401 | 1.5 | ||||||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $473,689) | 427,401 | 1.5 | |||||||||||
BONDS | |||||||||||||
CORPORATE BONDS | |||||||||||||
AUTOMOBILES & COMPONENTS | 244,389 | 0.9 | |||||||||||
BANKS | |||||||||||||
Bank of America Corp | |||||||||||||
725,000 | 2.456%, 10/22/25 | 731,134 | 2.6 | ||||||||||
Cooperatieve Rabobank UA | |||||||||||||
500,000 | i | 2.314%, 01/10/23, LIBOR 3 M + 0.480% | 473,601 | 1.7 | |||||||||
FNB Corp | |||||||||||||
275,000 | 2.200%, 02/24/23 | 269,734 | 0.9 | ||||||||||
HSBC Bank Canada | |||||||||||||
400,000 | g | 1.650%, 09/10/22 | 404,917 | 1.4 | |||||||||
HSBC Holdings plc | |||||||||||||
500,000 | 3.033%, 11/22/23 | 496,312 | 1.7 | ||||||||||
Intesa Sanpaolo S.p.A | |||||||||||||
500,000 | g | 3.250%, 09/23/24 | 466,193 | 1.6 | |||||||||
M&T Bank Corp | |||||||||||||
500,000 | i | 2.474%, 07/26/23, LIBOR 3 M + 0.680% | 457,649 | 1.6 | |||||||||
Mizuho Financial Group, Inc | |||||||||||||
425,000 | i | 2.309%, 05/25/24, LIBOR 3 M + 0.630% | 386,070 | 1.4 | |||||||||
National Bank of Canada | |||||||||||||
300,000 | g | 2.150%, 10/07/22 | 297,239 | 1.0 | |||||||||
Regions Bank | |||||||||||||
350,000 | i | 2.207%, 08/13/21, LIBOR 3 M + 0.500% | 340,603 | 1.2 | |||||||||
Zions Bancorp NA | |||||||||||||
300,000 | 3.350%, 03/04/22 | 294,146 | 1.0 | ||||||||||
Other | 253,357 | 0.9 | |||||||||||
4,870,955 | 17.0 | ||||||||||||
CAPITAL GOODS | |||||||||||||
CNH Industrial Capital LLC | |||||||||||||
500,000 | 4.200%, 01/15/24 | 488,495 | 1.7 | ||||||||||
488,495 | 1.7 | ||||||||||||
CONSUMER SERVICES | |||||||||||||
Nature Conservancy | |||||||||||||
260,000 | 2.843%, 02/01/24 | 260,279 | 0.9 | ||||||||||
260,279 | 0.9 | ||||||||||||
DIVERSIFIED FINANCIALS | |||||||||||||
Century Housing Corp | |||||||||||||
250,000 | 3.995%, 11/01/21 | 261,768 | 0.9 | ||||||||||
Reinvestment Fund, Inc | |||||||||||||
250,000 | 3.477%, 02/15/23 | 263,096 | 0.9 | ||||||||||
Other | 880,811 | 3.1 | |||||||||||
1,405,675 | 4.9 | ||||||||||||
ENERGY | 115,515 | 0.4 |
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
FOOD, BEVERAGE & TOBACCO | |||||||||||||
Coca-Cola Co | |||||||||||||
$ | 400,000 | 1.750%, 09/06/24 | $ | 407,210 | 1.4 | % | |||||||
407,210 | 1.4 | ||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS | 254,256 | 0.9 | |||||||||||
MATERIALS | |||||||||||||
3M Co | |||||||||||||
500,000 | 2.000%, 02/14/25 | 514,577 | 1.8 | ||||||||||
514,577 | 1.8 | ||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | |||||||||||||
AbbVie, Inc | |||||||||||||
500,000 | g,i | 2.346%, 11/21/22, LIBOR 3 M + 0.650% | 467,765 | 1.6 | |||||||||
Zoetis, Inc | |||||||||||||
500,000 | i | 2.135%, 08/20/21, LIBOR 3 M + 0.440% | 458,802 | 1.6 | |||||||||
Other | 250,726 | 0.9 | |||||||||||
1,177,293 | 4.1 | ||||||||||||
REAL ESTATE | |||||||||||||
Alexandria Real Estate Equities, Inc | |||||||||||||
500,000 | 4.000%, 01/15/24 | 510,833 | 1.8 | ||||||||||
Other | 96,000 | 0.3 | |||||||||||
606,833 | 2.1 | ||||||||||||
SOFTWARE & SERVICES | |||||||||||||
Microsoft Corp | |||||||||||||
500,000 | 2.400%, 02/06/22 | 513,823 | 1.8 | ||||||||||
513,823 | 1.8 | ||||||||||||
TRANSPORTATION | |||||||||||||
Delta Air Lines, Inc | |||||||||||||
500,000 | 2.900%, 10/28/24 | 400,194 | 1.4 | ||||||||||
300,000 | 2.000%, 06/10/28 | 272,933 | 1.0 | ||||||||||
300,000 | 2.500%, 06/10/28 | 271,930 | 0.9 | ||||||||||
945,057 | 3.3 | ||||||||||||
UTILITIES | |||||||||||||
Dominion Energy, Inc | |||||||||||||
300,000 | 3.300%, 03/15/25 | 304,140 | 1.1 | ||||||||||
Korea Hydro & Nuclear Power Co Ltd | |||||||||||||
300,000 | g | 3.750%, 07/25/23 | 319,491 | 1.1 | |||||||||
Other | 723,129 | 2.5 | |||||||||||
1,346,760 | 4.7 | ||||||||||||
TOTAL CORPORATE BONDS (Cost $13,498,926) | 13,151,117 | 45.9 | |||||||||||
GOVERNMENT BONDS | |||||||||||||
AGENCY SECURITIES | |||||||||||||
Federal Home Loan Mortgage Corp (FHLMC) | |||||||||||||
250,000 | 1.500%, 02/12/25 | 260,920 | 0.9 | ||||||||||
NCUA Guaranteed Notes | |||||||||||||
500,000 | 3.450%, 06/12/21 | 506,614 | 1.8 | ||||||||||
Overseas Private Investment Corp (OPIC) | |||||||||||||
250,000 | 1.790%, 10/15/29 | 261,075 | 0.9 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 55 |
Summary portfolio of investments | concluded |
Short Duration Impact Bond Fund ■ March 31, 2020
% of net | ||||||||||||||
Principal | Issuer | Value | assets | |||||||||||
AGENCY SECURITIES—continued | ||||||||||||||
US Department of Housing and Urban Development (HUD) | ||||||||||||||
$ | 250,000 | 2.570%, 08/01/21 | $ | 256,956 | 0.9 | % | ||||||||
250,000 | 2.618%, 08/01/23 | 268,210 | 0.9 | |||||||||||
Washington Aircraft 2 Co Ltd | ||||||||||||||
262,365 | i | 1.662%, 06/26/24, LIBOR 3 M + 0.430% | 258,439 | 0.9 | ||||||||||
1,812,214 | 6.3 | |||||||||||||
FOREIGN GOVERNMENT BONDS | ||||||||||||||
European Stability Mechanism | ||||||||||||||
500,000 | g | 1.375%, 09/11/24 | 514,289 | 1.8 | ||||||||||
International Development Association | ||||||||||||||
500,000 | g | 2.750%, 04/24/23 | 534,809 | 1.9 | ||||||||||
Kreditanstalt fuer Wiederaufbau | ||||||||||||||
250,000 | 2.000%, 11/30/21 | 256,193 | 0.9 | |||||||||||
Nederlandse Waterschapsbank NV | ||||||||||||||
250,000 | g | 3.125%, 12/05/22 | 266,293 | 0.9 | ||||||||||
250,000 | g | 1.750%, 01/15/25 | 261,825 | 0.9 | ||||||||||
Perusahaan Penerbit SBSN Indonesia III | ||||||||||||||
500,000 | g | 3.750%, 03/01/23 | 497,980 | 1.7 | ||||||||||
Province of Ontario Canada | ||||||||||||||
250,000 | 1.750%, 01/24/23 | 256,253 | 0.9 | |||||||||||
Other | 502,275 | 1.8 | ||||||||||||
3,089,917 | 10.8 | |||||||||||||
MUNICIPAL BONDS | ||||||||||||||
Grant County Public Utility District No 2 | ||||||||||||||
600,000 | 1.544%, 01/01/23 | 604,266 | 2.1 | |||||||||||
Warm Springs Reservation Confederated Tribe | ||||||||||||||
450,000 | 2.550%–3.050%, 11/01/20–11/01/24 | 456,453 | 1.6 | |||||||||||
Other | 1,210,668 | 4.3 | ||||||||||||
2,271,387 | 8.0 | |||||||||||||
U.S. TREASURY SECURITIES | ||||||||||||||
United States Treasury Note | ||||||||||||||
500,000 | 2.500%, 01/31/21 | 510,000 | 1.8 | |||||||||||
285,000 | 1.625%, 12/31/21 | 291,958 | 1.0 | |||||||||||
1,500,000 | 2.625%, 12/31/23 | 1,629,258 | 5.7 | |||||||||||
500,000 | 1.750%–2.500%, 05/31/20–07/31/21 | 506,182 | 1.8 | |||||||||||
2,937,398 | 10.3 | |||||||||||||
TOTAL GOVERNMENT BONDS (Cost $9,811,784) | 10,110,916 | 35.4 | ||||||||||||
STRUCTURED ASSETS | ||||||||||||||
ASSET BACKED | ||||||||||||||
HERO Funding Trust | ||||||||||||||
Series - 2016 1A (Class A) | ||||||||||||||
276,631 | g | 4.050%, 09/20/41 | 287,076 | 1.0 | ||||||||||
Series - 2016 3A (Class A2) | ||||||||||||||
430,225 | g | 3.910%, 09/20/42 | 447,110 | 1.6 | ||||||||||
Sunrun Atlas Issuer LLC | ||||||||||||||
Series - 2019 2 (Class A) | ||||||||||||||
496,891 | g | 3.610%, 02/01/55 | 376,079 | 1.3 |
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
ASSET BACKED—continued | |||||||||||||
Sunrun Callisto Issuer LLC | |||||||||||||
Series - 2019 1A (Class A) | |||||||||||||
$ | 463,693 | g | 3.980%, 06/30/54 | $ | 352,043 | 1.2 | % | ||||||
Tesla Auto Lease Trust | |||||||||||||
408,592 | g | 2.200%–3.710%, 08/20/21–11/21/22 | 403,873 | 1.5 | |||||||||
Other | 351,752 | 1.2 | |||||||||||
2,217,933 | 7.8 | ||||||||||||
OTHER MORTGAGE BACKED | |||||||||||||
GRACE Mortgage Trust | |||||||||||||
Series - 2014 GRCE (Class A) | |||||||||||||
275,000 | g | 3.369%, 06/10/28 | 276,396 | 1.0 | |||||||||
Other | 1,399,935 | 4.9 | |||||||||||
1,676,331 | 5.9 | ||||||||||||
TOTAL STRUCTURED ASSETS (Cost $4,269,189) | 3,894,264 | 13.7 | |||||||||||
TOTAL BONDS (Cost $27,579,899) | 27,156,297 | 95.0 | |||||||||||
SHORT-TERM INVESTMENTS | |||||||||||||
GOVERNMENT AGENCY DEBT | |||||||||||||
Federal Home Loan Bank (FHLB) | |||||||||||||
800,000 | 0.560%, 04/15/20 | 799,997 | 2.8 | ||||||||||
799,997 | 2.8 | ||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $799,997) | 799,997 | 2.8 | |||||||||||
TOTAL PORTFOLIO (Cost $28,853,585) | 28,383,695 | 99.3 | |||||||||||
OTHER ASSETS & LIABILITIES, NET | 194,296 | 0.7 | |||||||||||
NET ASSETS | $ | 28,577,991 | 100.0 | % |
Abbreviation(s):
LIBOR | London Interbank Offered Rate |
M | Month |
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/20, the aggregate value of these securities, including those in “Other,” is $9,772,622 or 34.2% of net assets. |
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. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
56 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments
Short-Term Bond Fund ■ March 31, 2020
% of net | ||||||||||
Principal | Issuer | Value | assets | |||||||
BANK LOAN OBLIGATIONS | ||||||||||
CAPITAL GOODS | $ | 654,710 | 0.0 | % | ||||||
COMMERCIAL & PROFESSIONAL SERVICES | 322,011 | 0.0 | ||||||||
CONSUMER SERVICES | 4,544,062 | 0.2 | ||||||||
INSURANCE | 1,501,943 | 0.1 | ||||||||
MATERIALS | 418,778 | 0.0 | ||||||||
MEDIA & ENTERTAINMENT | 2,953,792 | 0.2 | ||||||||
SOFTWARE & SERVICES | 3,630,219 | 0.2 | ||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 1,333,771 | 0.1 | ||||||||
TRANSPORTATION | 3,030,583 | 0.2 | ||||||||
UTILITIES | 3,893,839 | 0.2 | ||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $24,489,624) | 22,283,708 | 1.2 | ||||||||
BONDS | ||||||||||
CORPORATE BONDS | ||||||||||
BANKS | ||||||||||
Bank of America Corp | ||||||||||
$ | 10,000,000 | 2.328%, 10/01/21 | 9,984,640 | 0.5 | ||||||
8,700,000 | 3.499%, 05/17/22 | 8,802,234 | 0.5 | |||||||
Bank of Montreal | ||||||||||
9,000,000 | g | 2.500%, 01/11/22 | 9,280,663 | 0.5 | ||||||
CitiBank NA | ||||||||||
20,000,000 | 2.100%–3.165%, 06/12/20–05/20/22 | 20,028,887 | 1.1 | |||||||
Dexia Credit Local S.A. | ||||||||||
10,000,000 | g | 2.875%, 01/29/22 | 10,390,186 | 0.6 | ||||||
HSBC Bank Canada | ||||||||||
16,000,000 | g | 1.650%, 09/10/22 | 16,196,691 | 0.9 | ||||||
JPMorgan Chase Bank NA | ||||||||||
26,500,000 | 3.086%, 04/26/21 | 26,488,953 | 1.5 | |||||||
Royal Bank of Canada | ||||||||||
10,000,000 | g | 3.350%, 10/22/21 | 10,346,707 | 0.6 | ||||||
Wells Fargo Bank NA | ||||||||||
12,670,000 | 3.325%, 07/23/21 | 12,690,724 | 0.7 | |||||||
Other | 138,625,926 | 7.6 | ||||||||
262,835,611 | 14.5 | |||||||||
CAPITAL GOODS | 23,092,757 | 1.3 | ||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 1,954,980 | 0.1 | ||||||||
CONSUMER DURABLES & APPAREL | 3,168,000 | 0.2 | ||||||||
DIVERSIFIED FINANCIALS | ||||||||||
Federation des Caisses Desjardins du Quebec | ||||||||||
16,800,000 | g | 1.950%, 09/26/22 | 16,824,685 | 0.9 | ||||||
Morgan Stanley | ||||||||||
7,500,000 | 2.800%, 06/16/20 | 7,498,950 | 0.4 | |||||||
Nationwide Building Society | ||||||||||
7,000,000 | g | 1.700%, 02/13/23 | 7,174,526 | 0.4 | ||||||
Other | 74,937,970 | 4.2 | ||||||||
106,436,131 | 5.9 | |||||||||
ENERGY | 27,706,290 | 1.5 |
% of net | ||||||||||
Principal | Issuer | Value | assets | |||||||
FOOD & STAPLES RETAILING | $ | 20,317,971 | 1.1 | % | ||||||
FOOD, BEVERAGE & TOBACCO | 12,483,306 | 0.7 | ||||||||
HEALTH CARE EQUIPMENT & SERVICES | 4,984,436 | 0.3 | ||||||||
INSURANCE | 6,502,605 | 0.4 | ||||||||
MATERIALS | 19,095,392 | 1.0 | ||||||||
MEDIA & ENTERTAINMENT | 7,091,605 | 0.4 | ||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||
AbbVie, Inc | ||||||||||
$ | 10,000,000 | g | 2.300%, 11/21/22 | 9,990,798 | 0.6 | |||||
Other | 19,443,032 | 1.0 | ||||||||
29,433,830 | 1.6 | |||||||||
REAL ESTATE | 10,546,166 | 0.6 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 2,523,307 | 0.1 | ||||||||
SOFTWARE & SERVICES | 10,730,024 | 0.6 | ||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 9,866,677 | 0.5 | ||||||||
TELECOMMUNICATION SERVICES | ||||||||||
AT&T, Inc | ||||||||||
7,000,000 | 2.625%, 12/01/22 | 6,912,947 | 0.4 | |||||||
Other | 12,409,551 | 0.7 | ||||||||
19,322,498 | 1.1 | |||||||||
TRANSPORTATION | 8,728,550 | 0.5 | ||||||||
UTILITIES | 14,933,012 | 0.8 | ||||||||
TOTAL CORPORATE BONDS (Cost $606,369,563) | 601,753,148 | 33.2 | ||||||||
GOVERNMENT BONDS | ||||||||||
AGENCY SECURITIES | ||||||||||
Iraq Government AID International Bond | ||||||||||
24,000,000 | 2.149%, 01/18/22 | 24,777,901 | 1.4 | |||||||
Montefiore Medical Center | ||||||||||
12,175,000 | 2.152%, 10/20/26 | 12,742,117 | 0.7 | |||||||
Reliance Industries Ltd | ||||||||||
7,894,737 | 2.444%, 01/15/26 | 8,129,755 | 0.5 | |||||||
Ukraine Government AID International Bonds | ||||||||||
15,000,000 | 1.471%, 09/29/21 | 15,242,287 | 0.8 | |||||||
Other | 30,387,148 | 1.6 | ||||||||
91,279,208 | 5.0 | |||||||||
FOREIGN GOVERNMENT BONDS | ||||||||||
Bermuda Government International Bond | ||||||||||
7,000,000 | g | 4.138%, 01/03/23 | 6,947,500 | 0.4 | ||||||
CPPIB Capital, Inc | ||||||||||
9,000,000 | g | 2.750%, 07/22/21 | 9,259,310 | 0.5 | ||||||
International Bank for Reconstruction & Development | ||||||||||
10,000,000 | 1.500%, 08/28/24 | 10,336,862 | 0.6 | |||||||
International Development Association | ||||||||||
8,900,000 | g | 2.750%, 04/24/23 | 9,519,594 | 0.5 | ||||||
Japan Finance Organization for Municipalities | ||||||||||
6,650,000 | g | 3.375%, 09/27/23 | 7,212,324 | 0.4 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 57 |
Summary portfolio of investments | continued |
Short-Term Bond Fund ■ March 31, 2020
% of net | ||||||||||
Principal | Issuer | Value | assets | |||||||
FOREIGN GOVERNMENT BONDS—continued | ||||||||||
Ontario Teachers’ Finance Trust | ||||||||||
$ | 15,000,000 | g | 1.625%, 09/12/24 | $ | 15,462,450 | 0.8 | % | |||
Svensk Exportkredit AB | ||||||||||
6,540,000 | 1.750%, 12/12/23 | 6,773,070 | 0.4 | |||||||
Other | 114,783,961 | 6.4 | ||||||||
180,295,071 | 10.0 | |||||||||
MORTGAGE BACKED | 47,393 | 0.0 | ||||||||
MUNICIPAL BONDS | ||||||||||
City of New York NY | ||||||||||
19,755,000 | 2.280%, 08/01/25 | 19,815,845 | 1.1 | |||||||
Massachusetts Water Resources Authority | ||||||||||
10,000,000 | 2.083%, 08/01/25 | 10,210,600 | 0.6 | |||||||
Other | 11,121,790 | 0.6 | ||||||||
41,148,235 | 2.3 | |||||||||
U.S. TREASURY SECURITIES | ||||||||||
United States Treasury Note | ||||||||||
10,000,000 | 2.125%, 06/30/21 | 10,247,266 | 0.6 | |||||||
48,010,000 | 1.750%, 07/31/21 | 49,007,708 | 2.7 | |||||||
59,505,000 | 1.500%, 09/30/21 | 60,648,612 | 3.3 | |||||||
27,750,000 | 1.625%, 12/31/21 | 28,427,490 | 1.6 | |||||||
85,265,000 | 0.500%, 03/15/23 | 85,797,906 | 4.7 | |||||||
68,000,000 | 1.250%, 02/28/25 | 70,526,094 | 3.9 | |||||||
43,000,000 | 1.875%, 07/31/26 | 46,648,281 | 2.6 | |||||||
Other | 3,478,769 | 0.2 | ||||||||
354,782,126 | 19.6 | |||||||||
TOTAL GOVERNMENT BONDS (Cost $652,426,038) | 667,552,033 | 36.9 | ||||||||
STRUCTURED ASSETS | ||||||||||
ASSET BACKED | ||||||||||
Domino’s Pizza Master Issuer LLC | ||||||||||
Series - 2017 1A (Class A2II) | ||||||||||
14,662,500 | g | 3.082%, 07/25/47 | 14,154,151 | 0.8 | ||||||
MVW Owner Trust | ||||||||||
Series - 2019 2A (Class A) | ||||||||||
14,270,420 | g | 2.220%, 10/20/38 | 13,099,747 | 0.7 | ||||||
Planet Fitness Master Issuer LLC | ||||||||||
Series - 2018 1A (Class A2I) | ||||||||||
8,323,250 | g | 4.262%, 09/05/48 | 7,844,081 | 0.4 | ||||||
TES LLC | ||||||||||
Series - 2017 1A (Class A) | ||||||||||
9,076,266 | g | 4.330%, 10/20/47 | 7,085,478 | 0.4 | ||||||
Verizon Owner Trust | ||||||||||
Series - 2018 A (Class B) | ||||||||||
10,905,000 | 3.380%, 04/20/23 | 10,533,159 | 0.6 | |||||||
Series - 2019 A (Class B) | ||||||||||
9,000,000 | 3.020%, 09/20/23 | 8,835,567 | 0.5 | |||||||
Other | 84,633,426 | 4.7 | ||||||||
146,185,609 | 8.1 |
% of net | ||||||||||
Principal | Issuer | Value | assets | |||||||
OTHER MORTGAGE BACKED | ||||||||||
1166 Avenue of the Americas Commercial | ||||||||||
Mortgage Trust II | ||||||||||
Series - 2005 C6A (Class A1) | ||||||||||
$ | 8,084,835 | g | 5.690%, 10/13/37 | $ | 8,401,648 | 0.5 | % | |||
COMM Mortgage Trust | ||||||||||
23,532,895 | g,i | 3.397%–4.731%, 08/10/29–08/10/48 | 21,572,880 | 1.2 | ||||||
Connecticut Avenue Securities | ||||||||||
Series - 2018 C03 (Class 1EA2) | ||||||||||
7,785,000 | i | 1.797%, 10/25/30 | 7,364,944 | 0.4 | ||||||
33,225,709 | g,i | 1.697%–3.947%, 05/25/24–01/25/40 | 29,677,523 | 1.7 | ||||||
Credit Suisse Commercial Mortgage Trust | ||||||||||
Series - 2007 C2 (Class C) | ||||||||||
12,000,000 | g,i | 5.896%, 01/15/49 | 14,251,800 | 0.8 | ||||||
JP Morgan Mortgage Trust | ||||||||||
Series - 2017 1 (Class A3) | ||||||||||
7,862,511 | g,i | 3.500%, 01/25/47 | 7,894,732 | 0.4 | ||||||
MMAF Equipment Finance LLC | ||||||||||
Series - 2019 B (Class A3) | ||||||||||
8,000,000 | g | 2.010%, 12/12/24 | 7,819,829 | 0.4 | ||||||
Natixis Commercial Mortgage Securities Trust | ||||||||||
Series - 2019 MILE (Class C) | ||||||||||
7,500,000 | g,i | 2.905%, 07/15/36 | 7,112,302 | 0.4 | ||||||
Sequoia Mortgage Trust | ||||||||||
Series - 2017 3 (Class A4) | ||||||||||
8,846,176 | g,i | 3.500%, 04/25/47 | 8,886,291 | 0.5 | ||||||
Series - 2017 6 (Class A4) | ||||||||||
9,398,189 | g,i | 3.500%, 09/25/47 | 9,459,737 | 0.5 | ||||||
Series - 2018 3 (Class A4) | ||||||||||
27,763,815 | g,i | 3.500%, 03/25/48 | 27,637,143 | 1.5 | ||||||
Series - 2020 1 (Class A4) | ||||||||||
15,769,637 | g,i | 3.500%, 02/25/50 | 15,869,650 | 0.9 | ||||||
Structured Agency Credit Risk Debt Note (STACR) | ||||||||||
Series - 2017 DNA2 (Class M1) | ||||||||||
9,285,656 | i | 2.147%, 10/25/29 | 9,041,268 | 0.5 | ||||||
Other | 185,918,306 | 10.2 | ||||||||
360,908,053 | 19.9 | |||||||||
TOTAL STRUCTURED ASSETS (Cost $531,892,788) | 507,093,662 | 28.0 | ||||||||
TOTAL BONDS (Cost $1,790,688,389) | 1,776,398,843 | 98.1 | ||||||||
SHORT-TERM INVESTMENTS | ||||||||||
GOVERNMENT AGENCY DEBT | 14,317,092 | 0.8 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $14,316,982) | 14,317,092 | 0.8 | ||||||||
TOTAL PORTFOLIO (Cost $1,829,494,995) | 1,812,999,643 | 100.1 | ||||||||
OTHER ASSETS & LIABILITIES, NET | (2,653,920 | ) | (0.1 | ) | ||||||
NET ASSETS | $ | 1,810,345,723 | 100.0 | % |
58 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | concluded |
Short-Term Bond Fund ■ March 31, 2020 |
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/20, the aggregate value of these securities, including those in “Other,” is $701,189,257 or 38.7% of net assets. |
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. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
Futures contracts outstanding as of March 31, 2020 were as follows:
Number of | Unrealized | |||||||||||||||||
long (short) | appreciation | |||||||||||||||||
Description | contracts | Expiration date | Notional amount | Value | (depreciation) | |||||||||||||
US Long Bond (CBT) | (40 | ) | 06/19/20 | $ | (6,808,962 | ) | $ | (7,162,500 | ) | $ | (353,538 | ) | ||||||
US 10 Year Note (CBT) | (115 | ) | 06/19/20 | (15,333,344 | ) | (15,949,062 | ) | (615,718 | ) | |||||||||
Total | (155 | ) | $ | (22,142,306 | ) | $ | (23,111,562 | ) | $ | (969,256 | ) |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 59 |
Summary portfolio of investments
Short-Term Bond Index Fund ■ March 31, 2020
% of net | ||||||||||
Principal | Issuer | Value | assets | |||||||
BONDS | ||||||||||
CORPORATE BONDS | ||||||||||
AUTOMOBILES & COMPONENTS | $ | 550,180 | 0.1 | % | ||||||
BANKS | ||||||||||
Bank of America Corp | ||||||||||
$ | 1,500,000 | 2.881%, 04/24/23 | 1,505,760 | 0.2 | ||||||
JPMorgan Chase & Co | ||||||||||
1,450,000 | 3.207%, 04/01/23 | 1,477,722 | 0.2 | |||||||
Other | 41,748,095 | 6.2 | ||||||||
44,731,577 | 6.6 | |||||||||
CAPITAL GOODS | 8,803,261 | 1.3 | ||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 1,457,780 | 0.2 | ||||||||
CONSUMER DURABLES & APPAREL | 98,609 | 0.0 | ||||||||
CONSUMER SERVICES | 913,283 | 0.1 | ||||||||
DIVERSIFIED FINANCIALS | 27,863,473 | 4.1 | ||||||||
ENERGY | 9,072,199 | 1.4 | ||||||||
FOOD & STAPLES RETAILING | 2,663,980 | 0.4 | ||||||||
FOOD, BEVERAGE & TOBACCO | 6,041,800 | 1.0 | ||||||||
HEALTH CARE EQUIPMENT & SERVICES | 3,439,952 | 0.5 | ||||||||
HOUSEHOLD & PERSONAL PRODUCTS | 1,681,531 | 0.2 | ||||||||
INSURANCE | 2,514,772 | 0.4 | ||||||||
MATERIALS | 2,426,976 | 0.4 | ||||||||
MEDIA & ENTERTAINMENT | 3,117,459 | 0.5 | ||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 9,186,644 | 1.3 | ||||||||
REAL ESTATE | 2,766,372 | 0.4 | ||||||||
RETAILING | 2,311,936 | 0.3 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 2,014,434 | 0.3 | ||||||||
SOFTWARE & SERVICES | 4,526,006 | 0.6 | ||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 6,361,467 | 1.0 | ||||||||
TELECOMMUNICATION SERVICES | 3,261,663 | 0.5 | ||||||||
TRANSPORTATION | 2,426,419 | 0.4 | ||||||||
UTILITIES | 7,991,520 | 1.2 | ||||||||
TOTAL CORPORATE BONDS (Cost $157,366,369) | 156,223,293 | 23.2 | ||||||||
GOVERNMENT BONDS | ||||||||||
AGENCY SECURITIES | ||||||||||
Federal Home Loan Bank (FHLB) | ||||||||||
3,000,000 | 3.000%, 10/12/21 | 3,119,750 | 0.5 | |||||||
1,600,000 | 1.625%, 11/19/21 | 1,630,933 | 0.2 | |||||||
1,500,000 | 1.625%, 12/20/21 | 1,531,555 | 0.2 | |||||||
Federal Home Loan Mortgage Corp (FHLMC) | ||||||||||
2,500,000 | 2.375%, 01/13/22 | 2,587,130 | 0.4 |
% of net | ||||||||||
Principal | Issuer | Value | assets | |||||||
AGENCY SECURITIES—continued | ||||||||||
Federal National Mortgage Association (FNMA) | ||||||||||
$ | 1,500,000 | 2.625%, 01/11/22 | $ | 1,557,708 | 0.2 | % | ||||
Other | 3,380,171 | 0.5 | ||||||||
13,807,247 | 2.0 | |||||||||
FOREIGN GOVERNMENT BONDS | ||||||||||
Asian Development Bank | ||||||||||
2,500,000 | 1.875%, 07/19/22 | 2,572,155 | 0.4 | |||||||
European Investment Bank | ||||||||||
2,000,000 | 2.375%, 05/13/21 | 2,040,938 | 0.3 | |||||||
2,750,000 | 1.375%, 09/06/22 | 2,798,893 | 0.4 | |||||||
International Bank for Reconstruction & Development | ||||||||||
2,000,000 | 1.625%, 02/10/22 | 2,040,379 | 0.3 | |||||||
1,250,000 | 2.125%, 07/01/22 | 1,290,863 | 0.2 | |||||||
Kreditanstalt fuer Wiederaufbau | ||||||||||
2,000,000 | 2.625%, 04/12/21 | 2,042,177 | 0.3 | |||||||
2,000,000 | 1.750%, 08/22/22 | 2,054,721 | 0.3 | |||||||
2,100,000 | 1.625%, 02/15/23 | 2,158,864 | 0.3 | |||||||
Other | 28,017,904 | 4.2 | ||||||||
45,016,894 | 6.7 | |||||||||
U.S. TREASURY SECURITIES | ||||||||||
United States Treasury Note | ||||||||||
6,600,000 | 2.625%, 05/15/21 | 6,784,078 | 1.0 | |||||||
8,500,000 | 2.125%, 05/31/21 | 8,696,562 | 1.3 | |||||||
10,250,000 | 2.625%, 06/15/21 | 10,559,102 | 1.6 | |||||||
18,800,000 | 1.625%, 06/30/21 | 19,146,625 | 2.8 | |||||||
16,250,000 | 2.625%, 07/15/21 | 16,762,891 | 2.5 | |||||||
6,000,000 | 1.750%, 07/31/21 | 6,124,688 | 0.9 | |||||||
12,250,000 | 2.750%, 08/15/21 | 12,676,357 | 1.9 | |||||||
3,000,000 | 1.500%, 08/31/21 | 3,054,609 | 0.5 | |||||||
13,500,000 | 2.750%, 09/15/21 | 13,994,121 | 2.1 | |||||||
8,500,000 | 1.500%, 09/30/21 | 8,663,359 | 1.3 | |||||||
9,000,000 | 2.875%, 10/15/21 | 9,366,680 | 1.4 | |||||||
12,000,000 | 1.500%, 10/31/21 | 12,242,344 | 1.8 | |||||||
17,750,000 | 2.875%, 11/15/21 | 18,514,082 | 2.7 | |||||||
25,200,000 | 1.500%, 11/30/21 | 25,735,500 | 3.8 | |||||||
14,250,000 | 2.625%, 12/15/21 | 14,833,359 | 2.2 | |||||||
20,850,000 | 1.625%, 12/31/21 | 21,359,033 | 3.2 | |||||||
20,900,000 | 2.500%, 01/15/22 | 21,745,797 | 3.2 | |||||||
2,150,000 | 1.375%, 01/31/22 | 2,195,184 | 0.3 | |||||||
3,000,000 | 2.500%, 02/15/22 | 3,127,266 | 0.5 | |||||||
10,000,000 | 2.375%, 03/15/22 | 10,419,531 | 1.5 | |||||||
13,000,000 | 0.375%, 03/31/22 | 13,034,531 | 1.9 | |||||||
12,000,000 | 2.250%, 04/15/22 | 12,490,781 | 1.8 | |||||||
18,000,000 | 2.125%, 05/15/22 | 18,717,891 | 2.8 | |||||||
14,000,000 | 1.750%, 06/15/22 | 14,469,766 | 2.1 | |||||||
20,000,000 | 1.750%, 07/15/22 | 20,690,625 | 3.1 | |||||||
13,000,000 | 1.500%, 08/15/22 | 13,395,586 | 2.0 | |||||||
10,000,000 | 1.500%, 09/15/22 | 10,303,906 | 1.5 | |||||||
17,400,000 | 1.375%, 10/15/22 | 17,890,055 | 2.6 | |||||||
20,000,000 | 1.625%, 11/15/22 | 20,707,812 | 3.1 | |||||||
23,000,000 | 1.625%, 12/15/22 | 23,845,430 | 3.5 | |||||||
22,000,000 | �� | 1.500%, 01/15/23 | 22,753,672 | 3.4 | ||||||
14,000,000 | 1.375%, 02/15/23 | 14,444,062 | 2.1 | |||||||
2,500,000 | 0.500%, 03/15/23 | 2,515,625 | 0.4 | |||||||
3,000,000 | 1.250%, 02/28/25 | 3,111,445 | 0.5 | |||||||
Other | 1,221,481 | 0.2 | ||||||||
455,593,836 | 67.5 |
60 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | concluded |
Short-Term Bond Index Fund ■ March 31, 2020 |
% of net | ||||||||||
Principal | Issuer | Value | assets | |||||||
TOTAL GOVERNMENT BONDS (Cost $499,620,579) | $ | 514,417,977 | 76.2 | % | ||||||
TOTAL BONDS (Cost $656,986,948) | 670,641,270 | 99.4 | ||||||||
SHORT-TERM INVESTMENTS | ||||||||||
GOVERNMENT AGENCY DEBT | ||||||||||
Federal Farm Credit Bank (FFCB) | ||||||||||
$ | 5,000,000 | 0.130%, 10/27/20 | 4,995,936 | 0.7 | ||||||
4,995,936 | 0.7 | |||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $4,996,226) | 4,995,936 | 0.7 | ||||||||
TOTAL PORTFOLIO (Cost $661,983,174) | 675,637,206 | 100.1 | ||||||||
OTHER ASSETS & LIABILITIES, NET | (955,342 | ) | (0.1 | ) | ||||||
NET ASSETS | $ | 674,681,864 | 100.0 | % |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
At 3/31/20, the aggregate value of securities exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended, amounted to $4,381,645 or 0.6% of net assets. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 61 |
Summary portfolio of investments
Money Market Fund ■ March 31, 2020
% of net | ||||||||||
Principal | Issuer | Value | assets | |||||||
SHORT-TERM INVESTMENTS | ||||||||||
GOVERNMENT AGENCY DEBT | ||||||||||
Federal Agricultural Mortgage Corp (FAMC) | ||||||||||
$ | 30,000,000 | 0.010%, 07/17/20 | $ | 29,959,875 | 1.4 | % | ||||
25,000,000 | 0.010%, 09/15/20 | 24,966,368 | 1.1 | |||||||
34,000,000 | 0.010%, 09/25/20 | 33,924,775 | 1.5 | |||||||
65,260,000 | 0.060%, 04/02/20–12/15/20 | 65,150,165 | 3.0 | |||||||
Federal Farm Credit Bank (FFCB) | ||||||||||
25,000,000 | 0.010%, 05/07/20 | 24,986,000 | 1.1 | |||||||
61,400,000 | 0.070%, 04/13/20–07/29/20 | 61,294,299 | 2.8 | |||||||
Federal Home Loan Bank (FHLB) | ||||||||||
32,300,000 | 0.010%, 04/09/20 | 32,296,204 | 1.5 | |||||||
30,000,000 | 0.010%, 04/13/20 | 29,984,691 | 1.4 | |||||||
22,850,000 | 0.010%, 04/14/20 | 22,837,210 | 1.0 | |||||||
48,570,000 | 0.010%, 04/15/20 | 48,540,614 | 2.2 | |||||||
21,900,000 | 0.010%, 04/17/20 | 21,884,871 | 1.0 | |||||||
25,000,000 | 0.010%, 04/21/20 | 24,978,556 | 1.1 | |||||||
36,200,000 | 0.010%, 04/22/20 | 36,173,128 | 1.6 | |||||||
31,360,000 | 0.010%, 04/27/20 | 31,324,444 | 1.4 | |||||||
21,000,000 | 0.010%, 04/28/20 | 20,975,587 | 1.0 | |||||||
23,986,000 | 0.010%, 04/29/20 | 23,956,710 | 1.1 | |||||||
26,880,000 | 0.010%, 05/01/20 | 26,850,960 | 1.2 | |||||||
35,345,000 | 0.010%, 05/04/20 | 35,321,175 | 1.6 | |||||||
25,600,000 | 0.010%, 05/07/20 | 25,560,064 | 1.2 | |||||||
26,965,000 | 0.010%, 05/08/20 | 26,940,414 | 1.2 | |||||||
23,205,000 | 0.010%, 05/15/20 | 23,201,597 | 1.1 | |||||||
28,100,000 | 0.010%, 05/20/20 | 28,040,204 | 1.3 | |||||||
20,630,000 | 0.010%, 05/29/20 | 20,610,612 | 0.9 | |||||||
35,420,000 | 0.010%, 06/04/20 | 35,396,777 | 1.6 | |||||||
31,456,000 | 0.010%, 06/05/20 | 31,418,109 | 1.4 | |||||||
32,590,000 | 0.010%, 06/12/20 | 32,576,964 | 1.5 | |||||||
50,000,000 | 0.010%, 06/19/20 | 49,981,347 | 2.3 | |||||||
28,500,000 | 0.010%, 07/07/20 | 28,484,642 | 1.3 | |||||||
25,000,000 | 0.010%, 07/15/20 | 24,961,354 | 1.1 | |||||||
39,805,000 | 0.010%, 07/17/20 | 39,698,831 | 1.8 | |||||||
50,000,000 | 0.010%, 07/31/20 | 49,974,792 | 2.3 | |||||||
25,000,000 | 0.010%, 08/24/20 | 24,964,757 | 1.1 | |||||||
75,000,000 | 0.010%, 09/09/20 | 74,847,944 | 3.4 | |||||||
214,268,000 | 0.170%, 04/01/20–09/23/20 | 214,050,556 | 9.8 | |||||||
Federal Home Loan Mortgage Corp (FHLMC) | ||||||||||
30,000,000 | 0.010%, 06/17/20 | 29,901,611 | 1.4 | |||||||
52,828,000 | 0.080%, 04/07/20–08/19/20 | 52,733,188 | 2.4 | |||||||
Federal National Mortgage Association (FNMA) | ||||||||||
21,614,000 | 0.010%, 05/06/20 | 21,581,429 | 1.0 | |||||||
25,270,000 | 0.020%, 04/08/20–05/15/20 | 25,238,165 | 1.2 | |||||||
1,455,568,989 | 66.3 | |||||||||
TREASURY DEBT | ||||||||||
United States Treasury Bill | ||||||||||
35,000,000 | 0.010%, 04/16/20 | 34,977,760 | 1.6 | |||||||
24,070,000 | 0.010%, 04/23/20 | 24,047,347 | 1.1 | |||||||
28,975,000 | 0.010%, 05/05/20 | 28,960,223 | 1.3 | |||||||
35,230,000 | 0.010%, 05/14/20 | 35,165,167 | 1.6 | |||||||
24,035,000 | 0.010%, 05/21/20 | 23,983,914 | 1.1 | |||||||
20,000,000 | 0.010%, 05/26/20 | 19,999,022 | 0.9 | |||||||
23,300,000 | 0.010%, 07/09/20 | 23,298,943 | 1.1 | |||||||
48,568,000 | 0.050%, 04/02/20–07/02/20 | 48,512,706 | 2.2 | |||||||
Other | 17,393,650 | 0.8 | ||||||||
256,338,732 | 11.7 | |||||||||
% of net | ||||||||||
Principal | Issuer | Value | assets | |||||||
VARIABLE RATE SECURITIES | ||||||||||
Federal Agricultural Mortgage Corp (FAMC) | ||||||||||
$ | 25,000,000 | i | 0.070%, 11/09/20, SOFR + 0.060% | $ | 25,000,000 | 1.1 | % | |||
20,000,000 | i | 0.954%, 12/21/20, LIBOR 1 M + 0.030% | 20,000,000 | 0.9 | ||||||
25,000,000 | i | 0.290%, 03/23/21, SOFR + 0.280% | 25,000,000 | 1.1 | ||||||
69,750,000 | i | 0.050%–1.641%, 05/19/20–02/08/21, | ||||||||
SOFR + 0.040%–LIBOR 1 M + 0.060% | 69,750,808 | 3.2 | ||||||||
Federal Farm Credit Bank (FFCB) | ||||||||||
22,500,000 | i | 0.195%, 12/28/20, US Treasury Bill | ||||||||
3 M + 0.110% | 22,493,245 | 1.0 | ||||||||
25,000,000 | i | 0.300%, 04/23/21, SOFR + 0.290% | 25,000,000 | 1.1 | ||||||
30,500,000 | i | 0.090%–0.380%, 05/29/20–01/19/21, | ||||||||
SOFR + 0.080%–FRED - 2.870% | 30,497,337 | 1.4 | ||||||||
Federal Home Loan Bank (FHLB) | ||||||||||
20,000,000 | i | 0.250%, 12/24/20, SOFR + 0.240% | 20,000,000 | 0.9 | ||||||
25,000,000 | i | 0.795%, 01/11/21, LIBOR 1 M + 0.070% | 25,000,000 | 1.2 | ||||||
20,000,000 | i | 0.290%, 03/25/21, SOFR + 0.280% | 20,000,000 | 0.9 | ||||||
87,000,000 | i | 0.030%–0.140%, 05/22/20–05/14/21, | ||||||||
SOFR + 0.020%–SOFR + 0.130% | 86,999,210 | 4.0 | ||||||||
Federal National Mortgage Association (FNMA) | ||||||||||
20,000,000 | i | 0.290%, 04/26/21, SOFR + 0.280% | 20,000,000 | 0.9 | ||||||
23,000,000 | i | 0.060%–0.085%, 07/30/20–03/04/21, | ||||||||
SOFR + 0.050%–SOFR + 0.075% | 23,000,000 | 1.1 | ||||||||
United States Treasury Note | ||||||||||
50,000,000 | i | 0.118%, 04/30/20, US Treasury Bill | ||||||||
3 M + 0.033% | 49,997,647 | 2.3 | ||||||||
Other | 31,996,316 | 1.4 | ||||||||
494,734,563 | 22.5 | |||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $2,206,642,284) | 2,206,642,284 | 100.5 | ||||||||
TOTAL PORTFOLIO (Cost $2,206,642,284) | 2,206,642,284 | 100.5 | ||||||||
OTHER ASSETS & LIABILITIES, NET | (11,608,386 | ) | (0.5 | ) | ||||||
NET ASSETS | $ | 2,195,033,898 | 100.0 | % |
Abbreviation(s): | |
FRED | Federal Bank Prime Loan Rate |
LIBOR | London Interbank Offered Rate |
M | Month |
SOFR | Secure Overnight Financing Rate |
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. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
62 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
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TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 63 |
Statements of assets and liabilities
TIAA-CREF Funds ■ March 31, 2020
5–15 Year Laddered | |||||||||||||||||||||||||||||||||||||||||||||||||
Core Impact | Core Plus | Tax-Exempt | Inflation-Linked | Short Duration | Short-Term | Short-Term Bond | Money Market | ||||||||||||||||||||||||||||||||||||||||||
Bond Index Fund | Core Bond Fund | Bond Fund | Bond Fund | Bond Fund | Green Bond Fund | High-Yield Fund | Bond Fund | Impact Bond Fund | Bond Fund | Index Fund | Fund | ||||||||||||||||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio investments, at value† | $ | 16,384,311,866 | $ | 6,491,203,212 | $ | 4,998,286,654 | $ | 4,592,466,767 | $ | 263,416,460 | $ | 32,541,464 | $ | 3,176,417,477 | $ | 3,438,240,238 | $ | 28,383,695 | $ | 1,812,999,643 | $ | 675,637,206 | $ | 2,206,642,284 | |||||||||||||||||||||||||
Cash§# | 439,308 | 17,587,751 | 6,093,781 | 16,869,956 | 4,416,801 | 278,064 | 1,072,712 | 3,379 | 146,127 | 8,826,332 | 9,657,004 | — | |||||||||||||||||||||||||||||||||||||
Receivable from securities transactions | 260,454,091 | 142,329,783 | 152,148,134 | 90,861,656 | — | 248,472 | 225,343 | — | 7,358 | 10,042 | 3,443,436 | — | |||||||||||||||||||||||||||||||||||||
Receivable for delayed delivery securities | 197,616,108 | 187,518,435 | 12,076,786 | 198,446,476 | — | — | — | — | 232,500 | — | — | — | |||||||||||||||||||||||||||||||||||||
Receivable from Fund shares sold | 2,431,298 | 6,194,910 | 7,115,362 | 10,165,997 | 59,706 | 30,062 | 28,399,996 | 517,752 | 2 | 929,492 | 3,578 | 8,317,131 | |||||||||||||||||||||||||||||||||||||
Dividends and interest receivable | 86,440,758 | 36,833,892 | 29,672,181 | 27,658,592 | 3,056,944 | 237,072 | 52,053,657 | 7,857,442 | 157,803 | 8,200,218 | 3,673,254 | 633,603 | |||||||||||||||||||||||||||||||||||||
Due from affiliates | 615,692 | 977,035 | — | 605,983 | 9,939 | 24,641 | 110,839 | 328,750 | 25,341 | 182,135 | 69,633 | 40,345 | |||||||||||||||||||||||||||||||||||||
Receivable for variation margin on open futures contracts | — | 15,531 | — | 455,719 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Receivable for variation margin on centrally cleared swap contracts | — | 224,207 | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 16,607 | — | 16,607 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Other | 511,556 | 310,611 | 74,310 | 222,934 | 46,343 | 333 | — | 199,837 | 319 | 117,597 | 11,102 | — | |||||||||||||||||||||||||||||||||||||
Total assets | 16,932,820,677 | 6,883,211,974 | 5,205,467,208 | 4,937,770,687 | 271,006,193 | 33,360,108 | 3,258,280,024 | 3,447,147,398 | 28,953,145 | 1,831,265,459 | 692,495,213 | 2,215,633,363 | |||||||||||||||||||||||||||||||||||||
LIABILITIES | |||||||||||||||||||||||||||||||||||||||||||||||||
Management fees payable | 1,458,740 | 1,657,403 | 1,440,055 | 1,156,051 | 58,815 | 11,601 | 943,515 | 707,650 | 7,329 | 398,639 | 41,663 | 159,854 | |||||||||||||||||||||||||||||||||||||
Service agreement fees payable | 99,086 | 382,934 | 432,464 | 134,426 | 183 | 1,441 | 68,449 | 77,532 | 656 | 58,762 | 17,678 | 59,689 | |||||||||||||||||||||||||||||||||||||
Distribution fees payable | 9,199 | 24,853 | 54,225 | 66,156 | 57,033 | 777 | 63,163 | 32,032 | 385 | 38,585 | 759 | 116,127 | |||||||||||||||||||||||||||||||||||||
Due to affiliates | 101,309 | 57,861 | 41,916 | 48,257 | 15,653 | 22,187 | 43,082 | 41,784 | 22,175 | 35,887 | 28,713 | 29,145 | |||||||||||||||||||||||||||||||||||||
Overdraft payable | — | — | — | — | — | — | — | — | — | — | — | 10,403 | |||||||||||||||||||||||||||||||||||||
Payable for securities transactions | 242,078,934 | 36,690,128 | 212,279,768 | 107,772,012 | — | — | 523,000 | — | — | — | 9,532,386 | 15,000,000 | |||||||||||||||||||||||||||||||||||||
Payable for delayed delivery securities | 5,350,687 | 143,411,866 | 32,259,340 | 205,461,429 | — | — | — | — | 248,750 | — | — | — | |||||||||||||||||||||||||||||||||||||
Payable for unfunded loan commitment | — | 109,875 | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Payable for Fund shares redeemed | 108,086,865 | 84,930,158 | 11,449,259 | 46,940,405 | 337,236 | 1,221 | 5,591,493 | 18,392,897 | 1,933 | 16,775,210 | 7,128,875 | 5,000,556 | |||||||||||||||||||||||||||||||||||||
Income distribution payable | 14,064,413 | 11,106,606 | 2,406,108 | 9,015,073 | 41,878 | 61,589 | 3,096,225 | — | 55,384 | 2,326,649 | 978,326 | 29,721 | |||||||||||||||||||||||||||||||||||||
Payable for variation margin on open futures contracts | — | — | — | — | — | — | — | — | — | 968,867 | — | — | |||||||||||||||||||||||||||||||||||||
Unrealized depreciation on forward foreign currency contracts | — | 52,319 | 32,772 | 65,939 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Payable for trustee compensation | 521,771 | 330,717 | 76,954 | 234,560 | 46,525 | 354 | 242,515 | 202,074 | 340 | 130,531 | 11,298 | 938 | |||||||||||||||||||||||||||||||||||||
Accrued expenses and other payables | 1,088,492 | 408,460 | 444,104 | 293,991 | 59,046 | 39,096 | 356,469 | 218,590 | 38,202 | 186,606 | 73,651 | 193,032 | |||||||||||||||||||||||||||||||||||||
Total liabilities | 372,859,496 | 279,163,180 | 260,916,965 | 371,188,299 | 616,369 | 138,266 | 10,927,911 | 19,672,559 | 375,154 | 20,919,736 | 17,813,349 | 20,599,465 | |||||||||||||||||||||||||||||||||||||
NET ASSETS | $ | 16,559,961,181 | $ | 6,604,048,794 | $ | 4,944,550,243 | $ | 4,566,582,388 | $ | 270,389,824 | $ | 33,221,842 | $ | 3,247,352,113 | $ | 3,427,474,839 | $ | 28,577,991 | $ | 1,810,345,723 | $ | 674,681,864 | $ | 2,195,033,898 | |||||||||||||||||||||||||
NET ASSETS CONSIST OF: | |||||||||||||||||||||||||||||||||||||||||||||||||
Paid-in-capital | $ | 15,545,985,622 | $ | 6,501,563,342 | $ | 4,908,237,969 | $ | 4,603,488,545 | $ | 266,278,325 | $ | 33,053,039 | $ | 3,887,981,657 | $ | 3,333,699,673 | $ | 29,019,468 | $ | 1,837,528,792 | $ | 662,412,742 | $ | 2,195,008,459 | |||||||||||||||||||||||||
Total distributable earnings (loss) | 1,013,975,559 | 102,485,452 | 36,312,274 | (36,906,157 | ) | 4,111,499 | 168,803 | (640,629,544 | ) | 93,775,166 | (441,477 | ) | (27,183,069 | ) | 12,269,122 | 25,439 | |||||||||||||||||||||||||||||||||
NET ASSETS | $ | 16,559,961,181 | $ | 6,604,048,794 | $ | 4,944,550,243 | $ | 4,566,582,388 | $ | 270,389,824 | $ | 33,221,842 | $ | 3,247,352,113 | �� | $ | 3,427,474,839 | $ | 28,577,991 | $ | 1,810,345,723 | $ | 674,681,864 | $ | 2,195,033,898 | ||||||||||||||||||||||||
† | Portfolio investments, cost | $ | 15,406,438,451 | $ | 6,435,901,537 | $ | 4,991,200,313 | $ | 4,649,901,286 | $ | 260,154,163 | $ | 32,471,167 | $ | 3,601,188,142 | $ | 3,340,790,760 | $ | 28,853,585 | $ | 1,829,494,995 | $ | 661,983,174 | $ | 2,206,642,284 | ||||||||||||||||||||||||
§ | Includes cash collateral for mortgage dollar rolls of | $ | — | $ | 17,350,000 | $ | 2,927,560 | $ | 9,600,000 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
# | Includes cash collateral for open futures or open swap contracts of | $ | — | $ | 12,950 | $ | — | $ | 831,880 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 472,750 | $ | — | $ | — |
64 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 65 |
Statements of assets and liabilities | concluded |
TIAA-CREF Funds ■ March 31, 2020
5–15 Year Laddered | ||||||||||||||||||||||||||||||||||||||||||||||||
Core Impact | Core Plus | Tax-Exempt | Inflation-Linked | Short Duration | Short-Term | Short-Term Bond | Money Market | |||||||||||||||||||||||||||||||||||||||||
Bond Index Fund | Core Bond Fund | Bond Fund | Bond Fund | Bond Fund | Green Bond Fund | High-Yield Fund | Bond Fund | Impact Bond Fund | Bond Fund | Index Fund | Fund | |||||||||||||||||||||||||||||||||||||
INSTITUTIONAL CLASS: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 10,054,559,230 | $ | 1,753,878,535 | $ | 3,223,140,801 | $ | 1,383,899,196 | $ | 4,946,382 | $ | 21,857,473 | $ | 2,281,684,550 | $ | 1,692,282,301 | $ | 22,112,345 | $ | 616,292,063 | $ | 54,734,980 | $ | 1,089,417,094 | ||||||||||||||||||||||||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 881,607,630 | 167,322,919 | 309,582,555 | 133,297,570 | 471,020 | 2,138,353 | 273,083,217 | 146,603,610 | 2,242,299 | 60,315,120 | 5,407,052 | 1,089,396,979 | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 11.40 | $ | 10.48 | $ | 10.41 | $ | 10.38 | $ | 10.50 | $ | 10.22 | $ | 8.36 | $ | 11.54 | $ | 9.86 | $ | 10.22 | $ | 10.12 | $ | 1.00 | ||||||||||||||||||||||||
ADVISOR CLASS: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 17,004,533 | $ | 906,705,813 | $ | 930,083,012 | $ | 211,365,580 | $ | 965,874 | $ | 1,069,338 | $ | 4,668,919 | $ | 141,820,866 | $ | 986,105 | $ | 169,157,881 | $ | 645,177 | $ | 1,224,642 | ||||||||||||||||||||||||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 1,490,798 | 86,441,449 | 89,285,577 | 20,341,323 | 92,021 | 104,616 | 559,204 | 12,283,727 | 100,000 | 16,561,331 | 63,735 | 1,224,599 | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 11.41 | $ | 10.49 | $ | 10.42 | $ | 10.39 | $ | 10.50 | $ | 10.22 | $ | 8.35 | $ | 11.55 | $ | 9.86 | $ | 10.21 | $ | 10.12 | $ | 1.00 | ||||||||||||||||||||||||
PREMIER CLASS: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 25,927,046 | $ | 13,685,255 | $ | 30,850,438 | $ | 9,430,976 | $ | — | $ | 1,022,167 | $ | 19,372,217 | $ | 3,068,440 | $ | 986,159 | $ | 4,194,501 | $ | 620,876 | $ | 441,375,046 | ||||||||||||||||||||||||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 2,273,592 | 1,304,941 | 2,961,735 | 908,470 | — | 100,000 | 2,315,599 | 266,303 | 100,000 | 410,150 | 61,381 | 441,369,309 | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 11.40 | $ | 10.49 | $ | 10.42 | $ | 10.38 | $ | — | $ | 10.22 | $ | 8.37 | $ | 11.52 | $ | 9.86 | $ | 10.23 | $ | 10.12 | $ | 1.00 | ||||||||||||||||||||||||
RETIREMENT CLASS: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 449,367,929 | $ | 208,899,159 | $ | 527,044,484 | $ | 394,610,619 | $ | — | $ | 6,457,314 | $ | 294,163,835 | $ | 188,609,357 | $ | 3,260,336 | $ | 112,810,169 | $ | 83,232,491 | $ | 330,962,879 | ||||||||||||||||||||||||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 39,383,513 | 19,569,101 | 50,611,188 | 37,961,049 | — | 631,687 | 35,194,577 | 16,216,025 | 330,576 | 11,028,053 | 8,223,035 | 330,956,311 | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 11.41 | $ | 10.67 | $ | 10.41 | $ | 10.40 | $ | — | $ | 10.22 | $ | 8.36 | $ | 11.63 | $ | 9.86 | $ | 10.23 | $ | 10.12 | $ | 1.00 | ||||||||||||||||||||||||
RETAIL CLASS: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 29,640,662 | $ | 106,363,358 | $ | 233,431,508 | $ | 298,496,353 | $ | 264,477,568 | $ | 2,815,550 | $ | 268,803,536 | $ | 149,026,865 | $ | 1,233,046 | $ | 173,174,302 | $ | 3,114,943 | $ | 332,054,237 | ||||||||||||||||||||||||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 2,597,571 | 9,973,632 | 22,434,813 | 28,695,133 | 25,160,381 | 275,410 | 32,027,672 | 13,249,290 | 125,037 | 16,936,038 | 307,781 | 332,036,289 | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 11.41 | $ | 10.66 | $ | 10.40 | $ | 10.40 | $ | 10.51 | $ | 10.22 | $ | 8.39 | $ | 11.25 | $ | 9.86 | $ | 10.23 | $ | 10.12 | $ | 1.00 | ||||||||||||||||||||||||
CLASS W: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 5,983,461,781 | $ | 3,614,516,674 | $ | — | $ | 2,268,779,664 | $ | — | $ | — | $ | 378,659,056 | $ | 1,252,667,010 | $ | — | $ | 734,716,807 | $ | 532,333,397 | $ | — | ||||||||||||||||||||||||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 524,586,144 | 344,784,831 | — | 218,522,668 | — | — | 45,320,100 | 108,517,779 | — | 71,909,044 | 52,590,954 | — | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 11.41 | $ | 10.48 | $ | — | $ | 10.38 | $ | — | $ | — | $ | 8.36 | $ | 11.54 | $ | — | $ | 10.22 | $ | 10.12 | $ | — |
66 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 67 |
TIAA-CREF Funds ■ For the year ended March 31, 2020
5–15 Year Laddered | |||||||||||||||||||||||||||||||||||||||||||||||||
Core Impact | Core Plus | Tax-Exempt | Inflation-Linked | Short Duration | Short-Term | Short-Term Bond | Money Market | ||||||||||||||||||||||||||||||||||||||||||
Bond Index Fund | Core Bond Fund | Bond Fund | Bond Fund | Bond Fund | Green Bond Fund | High-Yield Fund | Bond Fund | Impact Bond Fund | Bond Fund | Index Fund | Fund | ||||||||||||||||||||||||||||||||||||||
INVESTMENT INCOME | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest* | $ | 439,915,541 | $ | 217,279,583 | $ | 128,882,472 | $ | 160,197,974 | $ | 7,670,912 | $ | 1,081,639 | $ | 226,236,465 | $ | 93,585,957 | $ | 873,677 | $ | 62,091,486 | $ | 14,136,690 | $ | 29,425,079 | |||||||||||||||||||||||||
Dividends | — | 4,169 | 399,989 | 16,682 | — | 9,784 | 1,367,151 | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Total income | 439,915,541 | 217,283,752 | 129,282,461 | 160,214,656 | 7,670,912 | 1,091,423 | 227,603,616 | 93,585,957 | 873,677 | 62,091,486 | 14,136,690 | 29,425,079 | |||||||||||||||||||||||||||||||||||||
EXPENSES | |||||||||||||||||||||||||||||||||||||||||||||||||
Management fees | 16,154,653 | 19,261,749 | 14,290,338 | 13,659,540 | 699,638 | 121,519 | 12,849,695 | 8,204,879 | 84,027 | 5,245,754 | 425,207 | 1,514,845 | |||||||||||||||||||||||||||||||||||||
Shareholder servicing – Institutional Class | 9,439 | 2,660 | 31,753 | 6,913 | 97 | — | 8,496 | 4,094 | — | 1,451 | 551 | 804 | |||||||||||||||||||||||||||||||||||||
Shareholder servicing – Advisor Class | 7,736 | 1,325,868 | 799,764 | 142,497 | 476 | 54 | 12,608 | 151,863 | 28 | 121,584 | 1,137 | 831 | |||||||||||||||||||||||||||||||||||||
Shareholder servicing – Premier Class | 70 | 57 | 6,075 | 44 | — | 41 | 74 | 34 | 40 | 29 | 44 | 4,045 | |||||||||||||||||||||||||||||||||||||
Shareholder servicing – Retirement Class | 881,339 | 525,165 | 1,324,042 | 1,073,337 | — | 9,446 | 917,870 | 521,874 | 5,603 | 308,981 | 167,210 | 578,416 | |||||||||||||||||||||||||||||||||||||
Shareholder servicing – Retail Class | 16,535 | 42,982 | 61,317 | 176,553 | 69,910 | 2,707 | 97,438 | 91,764 | 2,003 | 79,971 | 3,572 | 276,168 | |||||||||||||||||||||||||||||||||||||
Shareholder servicing – Class W | 3,763 | 2,670 | — | 1,860 | — | — | 592 | 1,216 | — | 783 | 664 | — | |||||||||||||||||||||||||||||||||||||
Distribution fees – Premier Class | 37,268 | 22,122 | 53,555 | 16,660 | — | 1,587 | 37,585 | 4,820 | 1,524 | 8,280 | 1,093 | 331,808 | |||||||||||||||||||||||||||||||||||||
Distribution fees – Retail Class | 61,341 | 270,881 | 510,910 | 755,098 | 681,197 | 5,378 | 810,533 | 367,558 | 2,750 | 433,718 | 7,343 | 764,792 | |||||||||||||||||||||||||||||||||||||
Administrative service fees | 352,308 | 204,567 | 143,500 | 166,715 | 52,111 | 77,104 | 150,676 | 145,304 | 77,066 | 125,416 | 99,821 | 97,877 | |||||||||||||||||||||||||||||||||||||
Trustee fees and expenses | 185,455 | 81,241 | 47,912 | 56,898 | 3,394 | 343 | 47,513 | 41,259 | 323 | 26,102 | 6,940 | 17,555 | |||||||||||||||||||||||||||||||||||||
Custody and accounting fees | 178,891 | 100,264 | 53,147 | 81,879 | 20,171 | 20,706 | 42,672 | 33,782 | 20,512 | 33,909 | 23,790 | 54,683 | |||||||||||||||||||||||||||||||||||||
Registration fees | 175,139 | 137,085 | 150,801 | 107,945 | 64,315 | 85,678 | 118,588 | 99,151 | 84,021 | 121,737 | 81,752 | 146,794 | |||||||||||||||||||||||||||||||||||||
Professional fees | 159,970 | 97,832 | 85,598 | 85,806 | 36,877 | 32,168 | 79,232 | 57,170 | 34,763 | 62,074 | 52,891 | 45,113 | |||||||||||||||||||||||||||||||||||||
Other expenses | 1,337,062 | 602,695 | 692,060 | 295,617 | 55,375 | 30,933 | 356,724 | 209,372 | 29,977 | 162,979 | 88,008 | 138,838 | |||||||||||||||||||||||||||||||||||||
Total expenses | 19,560,969 | 22,677,838 | 18,250,772 | 16,627,362 | 1,683,561 | 387,664 | 15,530,296 | 9,934,140 | 342,637 | 6,732,768 | 960,023 | 3,972,569 | |||||||||||||||||||||||||||||||||||||
Less: Expenses reimbursed by the investment adviser | (6,344,609 | ) | (11,610,813 | ) | — | (7,417,042 | ) | (92,342 | ) | (237,297 | ) | (988,026 | ) | (2,962,241 | ) | (233,716 | ) | (2,312,804 | ) | (625,793 | ) | (291,359 | ) | ||||||||||||||||||||||||||
Fee waiver by investment adviser and Nuveen Securities, LLC§ | — | — | — | — | — | — | (346,394 | ) | (636,712 | ) | — | — | — | — | |||||||||||||||||||||||||||||||||||
Net expenses | 13,216,360 | 11,067,025 | 18,250,772 | 9,210,320 | 1,591,219 | 150,367 | 14,195,876 | 6,335,187 | 108,921 | 4,419,964 | 334,230 | 3,681,210 | |||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 426,699,181 | 206,216,727 | 111,031,689 | 151,004,336 | 6,079,693 | 941,056 | 213,407,740 | 87,250,770 | 764,756 | 57,671,522 | 13,802,460 | 25,743,869 | |||||||||||||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON TOTAL INVESTMENTS | |||||||||||||||||||||||||||||||||||||||||||||||||
Realized gain (loss): | |||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio investments | 79,162,493 | 114,783,727 | 73,536,598 | 91,231,847 | 1,197,718 | 252,339 | (78,614,293 | ) | (4,381,953 | ) | 135,821 | 16,319,677 | 1,423,659 | 33,150 | |||||||||||||||||||||||||||||||||||
Futures contracts | — | — | — | — | — | — | — | (1,601,252 | ) | — | (6,394,156 | ) | — | — | |||||||||||||||||||||||||||||||||||
Forward foreign currency contracts | — | — | 385,170 | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Swap contracts | — | 1,753,091 | — | 203,031 | — | — | (2,698,220 | ) | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Foreign currency transactions | — | (9,672 | ) | (28 | ) | (59,859 | ) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Net realized gain (loss) on total investments | 79,162,493 | 116,527,146 | 73,921,740 | 91,375,019 | 1,197,718 | 252,339 | (81,312,513 | ) | (5,983,205 | ) | 135,821 | 9,925,521 | 1,423,659 | 33,150 | |||||||||||||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) on: | |||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio investments | 896,860,957 | 7,540,383 | (33,455,241 | ) | (79,276,343 | ) | (2,288,242 | ) | (662,145 | ) | (400,276,400 | ) | 68,450,858 | (651,913 | ) | (16,876,278 | ) | 12,013,817 | — | ||||||||||||||||||||||||||||||
Futures contracts | — | 15,514 | — | 454,835 | — | — | — | 465,471 | — | 153,520 | — | — | |||||||||||||||||||||||||||||||||||||
Forward foreign currency contracts | — | (35,712 | ) | (32,772 | ) | (49,332 | ) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Swap contracts | — | 1,526,947 | — | 885,038 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Translation of assets (other than portfolio investments) and liabilities denominated in foreign currencies | — | (5,661 | ) | (197 | ) | (5,755 | ) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on total investments and from affiliated investments | 896,860,957 | 9,041,471 | (33,488,210 | ) | (77,991,557 | ) | (2,288,242 | ) | (662,145 | ) | (400,276,400 | ) | 68,916,329 | (651,913 | ) | (16,722,758 | ) | 12,013,817 | — | ||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) on total investments | 976,023,450 | 125,568,617 | 40,433,530 | 13,383,462 | (1,090,524 | ) | (409,806 | ) | (481,588,913 | ) | 62,933,124 | (516,092 | ) | (6,797,237 | ) | 13,437,476 | 33,150 | ||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from operations | $ | 1,402,722,631 | $ | 331,785,344 | $ | 151,465,219 | $ | 164,387,798 | $ | 4,989,169 | $ | 531,250 | $ | (268,181,173 | ) | $ | 150,183,894 | $ | 248,664 | $ | 50,874,285 | $ | 27,239,936 | $ | 25,777,019 | ||||||||||||||||||||||||
* | Net of foreign withholding taxes of | $ | — | $ | 170,674 | $ | 2,985 | $ | 150,047 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 2,619 | $ | 473 | $ | — | ||||||||||||||||||||||||
§ | As described in Note 1, TPIS merged into Nuveen Securities, LLC on September 30, 2019. |
68 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 69 |
Statements of changes in net assets
TIAA-CREF Funds ■ For the period or year ended
Bond Index Fund | Core Bond Fund | Core Impact Bond Fund | Core Plus Bond Fund | 5–15 Year Laddered Tax-Exempt Bond Fund | Green Bond Fund | |||||||||||||||||||||||||||||||||||||||||||||
March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019* | |||||||||||||||||||||||||||||||||||||||
OPERATIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 426,699,181 | $ | 289,879,893 | $ | 206,216,727 | $ | 179,459,151 | $ | 111,031,689 | $ | 75,437,808 | $ | 151,004,336 | $ | 142,512,864 | $ | 6,079,693 | $ | 6,141,162 | $ | 941,056 | $ | 350,115 | ||||||||||||||||||||||||||
Net realized gain (loss) on total investments | 79,162,493 | (29,370,450 | ) | 116,527,146 | (34,718,269 | ) | 73,921,740 | (2,731,497 | ) | 91,375,019 | (31,489,922 | ) | 1,197,718 | 486,315 | 252,339 | 109,026 | ||||||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on total investments | 896,860,957 | 226,670,357 | 9,041,471 | 107,997,481 | (33,488,210 | ) | 56,483,610 | (77,991,557 | ) | 74,361,692 | (2,288,242 | ) | 7,133,946 | (662,145 | ) | 732,442 | ||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from operations | 1,402,722,631 | 487,179,800 | 331,785,344 | 252,738,363 | 151,465,219 | 129,189,921 | 164,387,798 | 185,384,634 | 4,989,169 | 13,761,423 | 531,250 | 1,191,583 | ||||||||||||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Institutional Class | (265,359,219 | ) | (222,285,213 | ) | (46,734,172 | ) | (84,264,953 | ) | (91,443,600 | ) | (47,487,195 | ) | (41,371,056 | ) | (75,669,394 | ) | (180,158 | ) | (50,820 | ) | (890,091 | ) | (291,739 | ) | ||||||||||||||||||||||||||
Advisor Class | (183,950 | ) | (20,766 | ) | (26,116,084 | ) | (20,187,157 | ) | (27,654,075 | ) | (11,318,125 | ) | (5,513,588 | ) | (921,140 | ) | (15,969 | ) | (4,545 | ) | (43,103 | ) | (13,320 | ) | ||||||||||||||||||||||||||
Premier Class | (611,330 | ) | (755,167 | ) | (394,913 | ) | (443,698 | ) | (1,146,121 | ) | (943,350 | ) | (314,466 | ) | (349,181 | ) | — | — | (40,562 | ) | (13,320 | ) | ||||||||||||||||||||||||||||
Retirement Class | (8,297,462 | ) | (5,311,316 | ) | (5,393,901 | ) | (6,011,591 | ) | (16,708,206 | ) | (11,173,517 | ) | (11,714,337 | ) | (13,805,398 | ) | — | — | (149,650 | ) | (17,027 | ) | ||||||||||||||||||||||||||||
Retail Class | (562,993 | ) | (498,977 | ) | (2,740,822 | ) | (2,712,783 | ) | (6,418,614 | ) | (4,567,095 | ) | (8,036,493 | ) | (7,878,516 | ) | (6,518,916 | ) | (6,321,080 | ) | (81,594 | ) | (14,648 | ) | ||||||||||||||||||||||||||
Class W† | (151,945,788 | ) | (60,994,591 | ) | (122,216,339 | ) | (65,292,643 | ) | — | — | (81,104,619 | ) | (42,908,150 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||
Total distributions | (426,960,742 | ) | (289,866,030 | ) | (203,596,231 | ) | (178,912,825 | ) | (143,370,616 | ) | (75,489,282 | ) | (148,054,559 | ) | (141,531,779 | ) | (6,715,043 | ) | (6,376,445 | ) | (1,205,000 | ) | (350,054 | ) | ||||||||||||||||||||||||||
SHAREHOLDER TRANSACTIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Subscriptions : | Institutional Class | 5,490,275,796 | 2,051,352,268 | 1,301,445,537 | 902,949,225 | 1,856,656,914 | 1,020,498,408 | 449,751,913 | 501,049,755 | 5,435,806 | 4,101,579 | 380,454 | 21,056,448 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 18,130,840 | 1,124,623 | 186,995,009 | 1,009,711,596 | 683,834,162 | 420,528,881 | 51,442,418 | 18,895,564 | 787,190 | 120,045 | 59,981 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 9,293,152 | 7,187,488 | 2,086,674 | 5,814,161 | 10,764,178 | 10,074,765 | 4,428,363 | 2,722,362 | — | — | — | 1,000,010 | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 207,108,501 | 94,923,704 | 47,033,782 | 17,535,480 | 84,616,901 | 100,012,099 | 28,148,084 | 54,652,916 | — | — | 6,489,787 | 1,716,117 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 11,778,140 | 3,215,759 | 15,115,712 | 9,556,773 | 104,565,465 | 93,657,404 | 21,811,213 | 16,273,666 | 26,985,778 | 17,083,620 | 2,540,415 | 1,433,029 | ||||||||||||||||||||||||||||||||||||||
Class W† | 2,292,367,122 | 901,699,418 | 1,158,055,113 | 580,901,420 | — | — | 526,319,799 | 227,101,873 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Reinvestments of distributions: | Institutional Class | 261,395,644 | 169,808,559 | 36,209,779 | 20,730,066 | 70,402,889 | 36,072,603 | 21,472,595 | 17,375,150 | 169,400 | 39,379 | 4,939 | 224 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 181,359 | 18,178 | 24,982,508 | 19,930,219 | 13,477,226 | 4,982,377 | 2,667,923 | 699,705 | 13,338 | 1,990 | 278 | — | ||||||||||||||||||||||||||||||||||||||
Premier Class | 611,330 | 754,917 | 389,814 | 440,088 | 1,061,755 | 896,475 | 310,891 | 349,064 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 8,295,590 | 5,309,213 | 5,393,098 | 6,011,067 | 16,689,375 | 11,141,424 | 11,711,291 | 13,805,081 | — | — | 109,270 | 3,769 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 544,816 | 479,732 | 2,565,717 | 2,563,860 | 6,138,611 | 4,338,899 | 7,467,554 | 7,240,197 | 5,967,218 | 5,765,931 | 40,889 | 1,576 | ||||||||||||||||||||||||||||||||||||||
Class W† | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Transfers in connection with new class: | Institutional Class | — | (3,995,413,006 | ) | — | (3,654,605,282 | ) | — | — | — | (2,385,556,480 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||||
Class W† | — | 3,995,413,006 | — | 3,654,605,282 | — | — | — | 2,385,556,480 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Fund reorganization:‡ | Institutional Class | — | — | 60,267,084 | — | — | — | 73,135,010 | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Advisor Class | — | — | 49,145,762 | — | — | — | 200,871,633 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Retail Class | — | — | 17,743,335 | — | — | — | 54,628,226 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Redemptions: | Institutional Class | (2,765,152,186 | ) | (1,393,079,061 | ) | (634,579,619 | ) | (607,787,245 | ) | (665,978,746 | ) | (331,506,693 | ) | (352,405,136 | ) | (355,944,901 | ) | (5,553,151 | ) | (563,314 | ) | (30,224 | ) | (10 | ) | |||||||||||||||||||||||||
Advisor Class | (2,948,765 | ) | (321,821 | ) | (304,273,247 | ) | (119,001,545 | ) | (321,710,883 | ) | (120,927,964 | ) | (77,011,082 | ) | (9,588,084 | ) | (31,079 | ) | (24 | ) | (11,130 | ) | — | |||||||||||||||||||||||||||
Premier Class | (6,829,307 | ) | (20,632,767 | ) | (3,844,290 | ) | (17,212,636 | ) | (18,488,933 | ) | (4,800,810 | ) | (6,089,997 | ) | (14,530,322 | ) | — | — | — | (10 | ) | |||||||||||||||||||||||||||||
Retirement Class | (44,889,881 | ) | (26,179,478 | ) | (44,219,481 | ) | (41,303,930 | ) | (47,197,376 | ) | (15,857,677 | ) | (83,387,505 | ) | (63,515,547 | ) | — | — | (1,457,080 | ) | (142,568 | ) | ||||||||||||||||||||||||||||
Retail Class | (5,627,595 | ) | (3,440,606 | ) | (23,281,135 | ) | (17,658,717 | ) | (50,543,751 | ) | (104,961,457 | ) | (42,086,558 | ) | (34,335,024 | ) | (32,891,370 | ) | (30,897,676 | ) | (1,072,003 | ) | (70,098 | ) | ||||||||||||||||||||||||||
Class W† | (1,244,045,335 | ) | (428,967,937 | ) | (1,355,429,151 | ) | (598,107,317 | ) | — | — | (637,053,007 | ) | (304,473,567 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||
Net increase (decrease) from shareholder transactions | 4,230,489,221 | 1,363,252,189 | 541,802,001 | 1,175,072,565 | 1,744,287,787 | 1,124,148,734 | 256,133,628 | 77,777,888 | 883,130 | (4,348,470 | ) | 7,055,576 | 25,998,487 | |||||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets | 5,206,251,110 | 1,560,565,959 | 669,991,114 | 1,248,898,103 | 1,752,382,390 | 1,177,849,373 | 272,466,867 | 121,630,743 | (842,744 | ) | 3,036,508 | 6,381,826 | 26,840,016 | |||||||||||||||||||||||||||||||||||||
NET ASSETS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of period | 11,353,710,071 | 9,793,144,112 | 5,934,057,680 | 4,685,159,577 | 3,192,167,853 | 2,014,318,480 | 4,294,115,521 | 4,172,484,778 | 271,232,568 | 268,196,060 | 26,840,016 | — | ||||||||||||||||||||||||||||||||||||||
End of period | $ | 16,559,961,181 | $ | 11,353,710,071 | $ | 6,604,048,794 | $ | 5,934,057,680 | $ | 4,944,550,243 | $ | 3,192,167,853 | $ | 4,566,582,388 | $ | 4,294,115,521 | $ | 270,389,824 | $ | 271,232,568 | $ | 33,221,842 | $ | 26,840,016 |
70 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 71 |
Statements of changes in net assets | continued |
TIAA-CREF Funds ■ For the period or year ended
Bond Index Fund | Core Bond Fund | Core Impact Bond Fund | Core Plus Bond Fund | 5–15 Year Laddered Tax-Exempt Bond Fund | Green Bond Fund | |||||||||||||||||||||||||||||||||||||||||||||
March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019* | |||||||||||||||||||||||||||||||||||||||
CHANGE IN FUND SHARES | ||||||||||||||||||||||||||||||||||||||||||||||||||
Shares sold: | Institutional Class | 505,684,309 | 195,409,086 | 124,501,386 | 89,646,028 | 175,262,612 | 101,563,968 | 42,342,394 | 49,465,863 | 504,123 | 397,241 | 35,374 | 2,105,534 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 1,630,998 | 107,804 | 17,563,405 | 100,026,586 | 64,510,714 | 41,810,099 | 4,827,676 | 1,856,581 | 71,964 | 11,744 | 5,609 | 100,000 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 840,845 | 684,663 | 196,969 | 577,689 | 1,012,967 | 1,003,229 | 416,803 | 268,370 | — | — | — | 100,001 | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 18,643,496 | 9,039,173 | 4,314,914 | 1,712,610 | 8,073,731 | 9,947,402 | 2,637,017 | 5,390,776 | — | — | 605,385 | 170,591 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 1,051,210 | 306,299 | 1,397,774 | 933,086 | 9,879,563 | 9,332,671 | 2,041,882 | 1,604,300 | 2,498,176 | 1,659,056 | 239,009 | 142,619 | ||||||||||||||||||||||||||||||||||||||
Class W† | 207,099,777 | 85,700,826 | 109,382,527 | 57,806,619 | — | — | 49,564,623 | 22,321,518 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Shares reinvested: | Institutional Class | 23,443,172 | 16,161,332 | 3,401,988 | 2,059,912 | 6,638,919 | 3,585,197 | 2,013,996 | 1,714,857 | 15,654 | 3,796 | 467 | 22 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 16,067 | 1,728 | 2,350,698 | 1,979,972 | 1,269,271 | 494,750 | 249,213 | 68,999 | 1,233 | 193 | 26 | — | ||||||||||||||||||||||||||||||||||||||
Premier Class | 54,849 | 71,893 | 36,687 | 43,690 | 100,205 | 89,051 | 29,190 | 34,463 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 742,839 | 504,918 | 498,371 | 586,542 | 1,574,565 | 1,107,079 | 1,098,552 | 1,360,851 | — | — | 10,306 | 368 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 48,851 | 45,642 | 237,254 | 250,401 | 579,508 | 431,575 | 699,175 | 713,211 | 552,056 | 559,995 | 3,852 | 153 | ||||||||||||||||||||||||||||||||||||||
Class W† | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Shares transferred in connection with new class: | Institutional Class | — | (383,069,320 | ) | — | (365,460,528 | ) | — | — | — | (236,897,366 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||||
Class W† | — | 383,069,320 | — | 365,460,528 | — | — | — | 236,897,366 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Shares from fund reorganization:§ | Institutional Class | — | — | 5,766,628 | — | — | — | 6,969,704 | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Advisor Class | — | — | 4,699,093 | — | — | — | 19,126,135 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Retail Class | — | — | 1,668,644 | — | — | — | 5,195,855 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Shares redeemed: | Institutional Class | (246,335,156 | ) | (132,802,987 | ) | (59,098,905 | ) | (60,404,924 | ) | (63,022,539 | ) | (33,065,837 | ) | (32,476,032 | ) | (35,094,861 | ) | (531,387 | ) | (55,012 | ) | (3,043 | ) | (1 | ) | |||||||||||||||||||||||||
Advisor Class | (262,054 | ) | (30,398 | ) | (28,823,372 | ) | (11,860,654 | ) | (30,344,713 | ) | (12,044,288 | ) | (7,239,390 | ) | (947,834 | ) | (2,818 | ) | (2 | ) | (1,019 | ) | — | |||||||||||||||||||||||||||
Premier Class | (608,790 | ) | (1,949,123 | ) | (359,360 | ) | (1,703,849 | ) | (1,730,347 | ) | (477,752 | ) | (571,621 | ) | (1,428,517 | ) | — | — | — | (1 | ) | |||||||||||||||||||||||||||||
Retirement Class | (4,038,095 | ) | (2,498,971 | ) | (4,106,297 | ) | (4,042,470 | ) | (4,476,301 | ) | (1,581,721 | ) | (7,888,268 | ) | (6,269,023 | ) | — | — | (140,854 | ) | (14,109 | ) | ||||||||||||||||||||||||||||
Retail Class | (503,313 | ) | (327,638 | ) | (2,161,476 | ) | (1,728,860 | ) | (4,801,471 | ) | (10,448,707 | ) | (3,968,785 | ) | (3,387,478 | ) | (3,073,407 | ) | (3,007,781 | ) | (103,241 | ) | (6,982 | ) | ||||||||||||||||||||||||||
Class W† | (110,397,101 | ) | (40,886,678 | ) | (128,181,424 | ) | (59,683,419 | ) | — | — | (59,926,625 | ) | (30,334,214 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||
Net increase (decrease) from shareholder transactions | 397,111,904 | 129,537,569 | 53,285,504 | 116,198,959 | 164,526,684 | 111,746,716 | 25,141,494 | 7,337,862 | 35,594 | (430,770 | ) | 651,871 | 2,598,195 |
* | For the period November 16, 2018 to March 31, 2019. |
† | Class W commenced operations on September 28, 2018. |
‡ | Refer to Note 1—organization and significant accounting policies for further details. |
§ | Refer to Note 9—Fund reorganizations for further details. |
72 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 73 |
Statements of changes in net assets | continued |
TIAA-CREF Funds ■ For the period or year ended
High-Yield Fund | Inflation-Linked Bond Fund | Short Duration Impact Bond Fund | Short-Term Bond Fund | Short-Term Bond Index Fund | Money Market Fund | |||||||||||||||||||||||||||||||||||||||||||||
March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019* | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | |||||||||||||||||||||||||||||||||||||||
OPERATIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 213,407,740 | $ | 232,473,104 | $ | 87,250,770 | $ | 51,497,813 | $ | 764,756 | $ | 300,396 | $ | 57,671,522 | $ | 46,357,710 | $ | 13,802,460 | $ | 9,265,761 | $ | 25,743,869 | $ | 19,952,098 | ||||||||||||||||||||||||||
Net realized gain (loss) on total investments | (81,312,513 | ) | 12,470,426 | (5,983,205 | ) | (3,837,627 | ) | 135,821 | 35,298 | 9,925,521 | (7,651,276 | ) | 1,423,659 | (2,072,523 | ) | 33,150 | (164 | ) | ||||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on total investments | (400,276,400 | ) | 3,882,536 | 68,916,329 | 30,100,439 | (651,913 | ) | 182,023 | (16,722,758 | ) | 15,693,920 | 12,013,817 | 5,698,215 | — | — | |||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from operations | (268,181,173 | ) | 248,826,066 | 150,183,894 | 77,760,625 | 248,664 | 517,717 | 50,874,285 | 54,400,354 | 27,239,936 | 12,891,453 | 25,777,019 | 19,951,934 | |||||||||||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Institutional Class | (156,775,764 | ) | (176,578,184 | ) | (33,779,302 | ) | (56,267,634 | ) | (742,680 | ) | (255,211 | ) | (21,580,011 | ) | (30,633,225 | ) | (1,137,079 | ) | (4,062,710 | ) | (13,826,085 | ) | (11,559,032 | ) | ||||||||||||||||||||||||||
Advisor Class | (598,508 | ) | (548,206 | ) | (2,868,106 | ) | (7,276 | ) | (33,334 | ) | (11,223 | ) | (3,997,186 | ) | (52,435 | ) | (16,334 | ) | (13,822 | ) | (35,729 | ) | (5,298 | ) | ||||||||||||||||||||||||||
Premier Class | (1,371,443 | ) | (2,047,348 | ) | (59,211 | ) | (83,013 | ) | (31,827 | ) | (11,224 | ) | (138,286 | ) | (198,250 | ) | (14,976 | ) | (13,032 | ) | (3,329,337 | ) | (482,820 | ) | ||||||||||||||||||||||||||
Retirement Class | (19,700,573 | ) | (22,462,132 | ) | (3,627,124 | ) | (5,402,792 | ) | (68,395 | ) | (11,548 | ) | (2,927,141 | ) | (2,508,054 | ) | (1,307,867 | ) | (778,696 | ) | (3,880,553 | ) | (2,918,162 | ) | ||||||||||||||||||||||||||
Retail Class | (17,297,682 | ) | (22,019,704 | ) | (2,470,621 | ) | (2,402,231 | ) | (32,246 | ) | (11,178 | ) | (3,989,884 | ) | (2,599,779 | ) | (54,871 | ) | (40,983 | ) | (4,671,118 | ) | (4,987,078 | ) | ||||||||||||||||||||||||||
Class W† | (16,961,016 | ) | (8,812,747 | ) | (29,288,645 | ) | (11,496,836 | ) | — | — | (25,047,525 | ) | (10,372,643 | ) | (11,272,600 | ) | (4,356,251 | ) | — | — | ||||||||||||||||||||||||||||||
Total distributions | (212,704,986 | ) | (232,468,321 | ) | (72,093,009 | ) | (75,659,782 | ) | (908,482 | ) | (300,384 | ) | (57,680,033 | ) | (46,364,386 | ) | (13,803,727 | ) | (9,265,494 | ) | (25,742,822 | ) | (19,952,390 | ) | ||||||||||||||||||||||||||
SHAREHOLDER TRANSACTIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Subscriptions : | Institutional Class | 953,544,394 | 1,283,532,173 | 370,872,285 | 579,134,919 | 1,864,571 | 22,414,851 | 316,381,053 | 504,903,526 | 23,681,868 | 82,488,779 | 711,438,174 | 767,794,237 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 10,546,605 | 16,513,431 | 34,417,666 | 112,087 | 117,000 | 1,000,000 | 31,669,297 | 7,843,753 | 32,688 | 466,891 | 1,814,498 | 1,373,309 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 17,953,706 | 36,659,447 | 494,218 | 749,565 | — | 1,000,010 | 1,228,125 | 4,347,877 | 469,631 | 357,891 | 770,453,136 | 26,888,792 | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 34,167,269 | 34,555,703 | 7,678,913 | 18,043,476 | 2,612,800 | 1,128,547 | 35,095,731 | 27,610,646 | 33,890,532 | 27,235,135 | 251,414,975 | 186,026,506 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 76,570,048 | 81,258,023 | 28,304,167 | 5,012,646 | 401,322 | 1,143,741 | 11,194,452 | 8,019,319 | 1,127,424 | 1,324,124 | 176,250,137 | 144,104,584 | ||||||||||||||||||||||||||||||||||||||
Class W† | 226,932,938 | 42,391,830 | 334,044,122 | 146,326,712 | — | — | 196,819,835 | 185,112,218 | 204,033,031 | 77,241,507 | — | — | ||||||||||||||||||||||||||||||||||||||
Reinvestments of distributions: | Institutional Class | 139,449,157 | 149,440,194 | 32,467,835 | 38,796,612 | 42,274 | 7,847 | 16,974,392 | 18,474,112 | 1,136,856 | 911,519 | 13,820,523 | 11,543,770 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 569,031 | 537,923 | 1,084,423 | 4,871 | — | — | 1,292,012 | 49,983 | 14,254 | 11,798 | 33,881 | 3,340 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 1,369,665 | 2,035,397 | 59,210 | 83,013 | — | — | 137,957 | 198,249 | 9,807 | 8,071 | 2,923,593 | 482,851 | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 19,699,391 | 22,457,704 | 3,627,104 | 5,402,792 | 37,542 | 693 | 2,926,726 | 2,508,061 | 1,307,668 | 778,505 | 3,880,484 | 2,918,451 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 16,058,947 | 20,793,022 | 2,132,293 | 2,286,440 | 2,131 | 604 | 3,685,718 | 2,516,850 | 53,229 | 39,597 | 4,587,321 | 4,896,550 | ||||||||||||||||||||||||||||||||||||||
Class W† | 55 | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Transfers in connection with new class: | Institutional Class | — | (290,771,079 | ) | — | (1,059,464,631 | ) | — | — | — | (755,668,617 | ) | — | (342,173,951 | ) | — | — | |||||||||||||||||||||||||||||||||
Class W† | — | 290,771,079 | — | 1,059,464,631 | — | — | — | 755,668,617 | — | 342,173,951 | — | — | ||||||||||||||||||||||||||||||||||||||
Fund reorganization:‡ | Institutional Class | — | — | 80,898,466 | — | — | — | 58,675,190 | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Advisor Class | — | — | 347,105,669 | — | — | — | 260,350,375 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Retail Class | — | — | 63,629,612 | — | — | — | 92,170,171 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Redemptions: | Institutional Class | (1,565,459,484 | ) | (895,635,158 | ) | (464,145,376 | ) | (452,746,592 | ) | (1,889,649 | ) | (7,211 | ) | (680,708,184 | ) | (327,816,236 | ) | (15,141,855 | ) | (24,440,736 | ) | (340,184,651 | ) | (562,773,073 | ) | |||||||||||||||||||||||||
Advisor Class | (19,433,750 | ) | (8,444,970 | ) | (245,631,580 | ) | (87,634 | ) | (117,116 | ) | — | (130,337,661 | ) | (359,768 | ) | (285,826 | ) | (113,303 | ) | (2,050,015 | ) | (50,421 | ) | |||||||||||||||||||||||||||
Premier Class | (29,342,822 | ) | (137,582,049 | ) | (1,052,865 | ) | (8,150,292 | ) | — | (10 | ) | (5,687,013 | ) | (7,756,864 | ) | (513,378 | ) | (377,324 | ) | (360,216,040 | ) | (43,711,140 | ) | |||||||||||||||||||||||||||
Retirement Class | (99,064,417 | ) | (91,609,796 | ) | (50,079,336 | ) | (32,163,862 | ) | (399,064 | ) | (43,652 | ) | (34,871,830 | ) | (20,673,617 | ) | (5,546,960 | ) | (3,092,198 | ) | (135,300,369 | ) | (104,169,174 | ) | ||||||||||||||||||||||||||
Retail Class | (105,725,044 | ) | (402,933,767 | ) | (49,560,761 | ) | (16,163,076 | ) | (261,755 | ) | (35,000 | ) | (44,004,518 | ) | (25,155,790 | ) | (779,386 | ) | (720,984 | ) | (158,241,194 | ) | (142,704,460 | ) | ||||||||||||||||||||||||||
Class W† | (101,632,859 | ) | (40,901,853 | ) | (241,266,373 | ) | (89,156,803 | ) | — | — | (300,990,048 | ) | (103,812,092 | ) | (78,395,800 | ) | (27,626,684 | ) | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) from shareholder transactions | (423,797,170 | ) | 113,067,254 | 255,079,692 | 197,484,874 | 2,410,056 | 26,610,420 | (167,998,220 | ) | 276,010,227 | 165,093,783 | 134,492,588 | 940,624,453 | 292,624,122 | ||||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets | (904,683,329 | ) | 129,424,999 | 333,170,577 | 199,585,717 | 1,750,238 | 26,827,753 | (174,803,968 | ) | 284,046,195 | 178,529,992 | 138,118,547 | 940,658,650 | 292,623,666 | ||||||||||||||||||||||||||||||||||||
NET ASSETS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning of period | 4,152,035,442 | 4,022,610,443 | 3,094,304,262 | 2,894,718,545 | 26,827,753 | — | 1,985,149,691 | 1,701,103,496 | 496,151,872 | 358,033,325 | 1,254,375,248 | 961,751,582 | ||||||||||||||||||||||||||||||||||||||
End of period | $ | 3,247,352,113 | $ | 4,152,035,442 | $ | 3,427,474,839 | $ | 3,094,304,262 | $ | 28,577,991 | $ | 26,827,753 | $ | 1,810,345,723 | $ | 1,985,149,691 | $ | 674,681,864 | $ | 496,151,872 | $ | 2,195,033,898 | $ | 1,254,375,248 |
74 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 75 |
Statements of changes in net assets | concluded |
TIAA-CREF Funds ■ For the period or year ended
High-Yield Fund | Inflation-Linked Bond Fund | Short Duration Impact Bond Fund | Short-Term Bond Fund | Short-Term Bond Index Fund | Money Market Fund | |||||||||||||||||||||||||||||||||||||||||||||
March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019* | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | March 31, 2020 | March 31, 2019 | |||||||||||||||||||||||||||||||||||||||
CHANGE IN FUND SHARES | ||||||||||||||||||||||||||||||||||||||||||||||||||
Shares sold: | Institutional Class | 98,427,976 | 134,728,162 | 32,168,942 | 51,621,562 | 184,073 | 2,241,449 | 30,574,618 | 49,400,710 | 2,368,426 | 8,394,935 | 711,438,174 | 767,794,237 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 1,088,094 | 1,752,284 | 2,980,603 | 10,035 | 11,550 | 100,000 | 3,077,699 | 767,750 | 3,269 | 47,503 | 1,814,498 | 1,373,309 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 1,850,883 | 3,866,390 | 43,148 | 66,841 | — | 100,001 | 118,364 | 425,582 | 46,947 | 36,509 | 770,453,136 | 26,888,792 | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 3,528,411 | 3,635,957 | 665,136 | 1,594,716 | 257,557 | 112,855 | 3,387,443 | 2,699,601 | 3,390,855 | 2,773,092 | 251,414,975 | 186,026,506 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 7,900,851 | 8,519,231 | 2,531,468 | 461,119 | 39,814 | 114,378 | 1,079,271 | 784,632 | 112,685 | 134,664 | 176,250,137 | 144,104,585 | ||||||||||||||||||||||||||||||||||||||
Class W† | 25,589,539 | 4,513,181 | 29,083,259 | 13,185,468 | — | — | 19,027,349 | 18,025,332 | 20,431,018 | 7,844,245 | — | — | ||||||||||||||||||||||||||||||||||||||
Shares reinvested: | Institutional Class | 14,549,599 | 15,752,192 | 2,839,344 | 3,492,947 | 4,164 | 780 | 1,637,492 | 1,807,425 | 113,584 | 92,703 | 13,820,523 | 11,543,770 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 59,101 | 56,888 | 94,594 | 439 | — | — | 124,574 | 4,874 | 1,425 | 1,200 | 33,881 | 3,341 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 142,733 | 213,984 | 5,185 | 7,492 | — | — | 13,302 | 19,376 | 980 | 821 | 2,923,593 | 482,850 | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 2,055,121 | 2,365,707 | 314,659 | 482,956 | 3,700 | 69 | 281,999 | 245,147 | 130,614 | 79,147 | 3,880,484 | 2,918,452 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 1,669,228 | 2,178,996 | 191,224 | 211,187 | 211 | 60 | 355,163 | 246,066 | 5,320 | 4,027 | 4,587,321 | 4,896,551 | ||||||||||||||||||||||||||||||||||||||
Class W† | 6 | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Shares transferred in connection with new class: | Institutional Class | — | (30,100,526 | ) | — | (95,189,994 | ) | — | — | — | (74,085,158 | ) | — | (34,915,709 | ) | — | — | |||||||||||||||||||||||||||||||||
Class W† | — | 30,100,526 | — | 95,189,994 | — | — | — | 74,085,158 | — | 34,915,709 | — | — | ||||||||||||||||||||||||||||||||||||||
Shares from fund reorganization:§ | Institutional Class | — | — | 7,107,836 | — | — | — | 5,669,326 | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Advisor Class | — | — | 30,491,317 | — | — | — | 25,162,252 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Retail Class | — | — | 5,734,468 | — | — | — | 8,898,176 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Shares redeemed: | Institutional Class | (163,217,798 | ) | (94,439,592 | ) | (40,319,460 | ) | (40,399,471 | ) | (187,450 | ) | (717 | ) | (65,306,829 | ) | (32,097,813 | ) | (1,514,286 | ) | (2,488,333 | ) | (340,184,650 | ) | (562,773,073 | ) | |||||||||||||||||||||||||
Advisor Class | (2,037,439 | ) | (903,731 | ) | (21,309,409 | ) | (7,824 | ) | (11,550 | ) | — | (12,568,632 | ) | (35,130 | ) | (28,539 | ) | (11,516 | ) | (2,050,015 | ) | (50,421 | ) | |||||||||||||||||||||||||||
Premier Class | (3,060,252 | ) | (14,324,196 | ) | (91,940 | ) | (725,279 | ) | — | (1 | ) | (548,782 | ) | (758,668 | ) | (50,791 | ) | (38,436 | ) | (360,216,040 | ) | (43,711,140 | ) | |||||||||||||||||||||||||||
Retirement Class | (10,475,887 | ) | (9,689,630 | ) | (4,330,693 | ) | (2,871,074 | ) | (39,245 | ) | (4,360 | ) | (3,368,106 | ) | (2,022,582 | ) | (554,513 | ) | (315,142 | ) | (135,300,368 | ) | (104,169,174 | ) | ||||||||||||||||||||||||||
Retail Class | (11,160,257 | ) | (42,009,103 | ) | (4,416,306 | ) | (1,488,832 | ) | (25,915 | ) | (3,511 | ) | (4,252,428 | ) | (2,461,712 | ) | (77,844 | ) | (73,346 | ) | (158,241,194 | ) | (142,704,460 | ) | ||||||||||||||||||||||||||
Class W† | (10,481,975 | ) | (4,401,177 | ) | (20,867,113 | ) | (8,073,829 | ) | — | — | (29,079,631 | ) | (10,149,164 | ) | (7,795,300 | ) | (2,804,718 | ) | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) from shareholder transactions | (43,572,066 | ) | 11,815,543 | 22,916,262 | 17,568,453 | 236,909 | 2,661,003 | (15,717,380 | ) | 26,901,426 | 16,583,850 | 13,677,355 | 940,624,455 | 292,624,125 |
* | For the period November 16, 2018 to March 31, 2019. |
† | Class W commenced operations on September 28, 2018. |
‡ | Refer to Note 1—organization and significant accounting policies for further details. |
§ | Refer to Note 9—Fund reorganizations for further details. |
76 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 77 |
TIAA-CREF Funds
Selected per share data | ||||||||||||||||||||||||||||||||||
Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||
For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||
period or year ended | value, beginning of period | investment income (loss | )a | unrealized gain (loss) on total investments | (loss) from investment operations | Net investment income | Net realized gains | dividends and distributions | value, end of period | |||||||||||||||||||||||||
BOND INDEX FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | $10.76 | $0.29 | $0.64 | $0.93 | $(0.29 | ) | $ — | $(0.29 | ) | $11.40 | |||||||||||||||||||||||
3/31/19 | 10.58 | 0.29 | 0.18 | 0.47 | (0.29 | ) | — | (0.29 | ) | 10.76 | ||||||||||||||||||||||||
3/31/18 | 10.75 | 0.26 | (0.17 | ) | 0.09 | (0.26 | ) | (0.00 | ) | (0.26 | ) | 10.58 | ||||||||||||||||||||||
3/31/17 | 10.98 | 0.25 | (0.23 | ) | 0.02 | (0.25 | ) | — | (0.25 | ) | 10.75 | |||||||||||||||||||||||
3/31/16 | 11.03 | 0.25 | (0.03 | ) | 0.22 | (0.25 | ) | (0.02 | ) | (0.27 | ) | 10.98 | ||||||||||||||||||||||
Advisor Class: | 3/31/20 | 10.76 | 0.27 | 0.66 | 0.93 | (0.28 | ) | — | (0.28 | ) | 11.41 | |||||||||||||||||||||||
3/31/19 | 10.59 | 0.28 | 0.17 | 0.45 | (0.28 | ) | — | (0.28 | ) | 10.76 | ||||||||||||||||||||||||
3/31/18 | 10.76 | 0.25 | (0.17 | ) | 0.08 | (0.25 | ) | (0.00 | ) | (0.25 | ) | 10.59 | ||||||||||||||||||||||
3/31/17 | 10.98 | 0.25 | (0.22 | ) | 0.03 | (0.25 | ) | — | (0.25 | ) | 10.76 | |||||||||||||||||||||||
3/31/16 | ‡ | 10.77 | 0.08 | 0.23 | 0.31 | (0.08 | ) | (0.02 | ) | (0.10 | ) | 10.98 | ||||||||||||||||||||||
Premier Class: | 3/31/20 | 10.76 | 0.27 | 0.64 | 0.91 | (0.27 | ) | — | (0.27 | ) | 11.40 | |||||||||||||||||||||||
3/31/19 | 10.58 | 0.27 | 0.18 | 0.45 | (0.27 | ) | — | (0.27 | ) | 10.76 | ||||||||||||||||||||||||
3/31/18 | 10.75 | 0.25 | (0.17 | ) | 0.08 | (0.25 | ) | (0.00 | ) | (0.25 | ) | 10.58 | ||||||||||||||||||||||
3/31/17 | 10.98 | 0.23 | (0.23 | ) | — | (0.23 | ) | — | (0.23 | ) | 10.75 | |||||||||||||||||||||||
3/31/16 | 11.03 | 0.23 | (0.03 | ) | 0.20 | (0.23 | ) | (0.02 | ) | (0.25 | ) | 10.98 | ||||||||||||||||||||||
Retirement Class: | 3/31/20 | 10.77 | 0.26 | 0.64 | 0.90 | (0.26 | ) | — | (0.26 | ) | 11.41 | |||||||||||||||||||||||
3/31/19 | 10.59 | 0.26 | 0.18 | 0.44 | (0.26 | ) | — | (0.26 | ) | 10.77 | ||||||||||||||||||||||||
3/31/18 | 10.75 | 0.24 | (0.16 | ) | 0.08 | (0.24 | ) | (0.00 | ) | (0.24 | ) | 10.59 | ||||||||||||||||||||||
3/31/17 | 10.98 | 0.22 | (0.23 | ) | (0.01 | ) | (0.22 | ) | — | (0.22 | ) | 10.75 | ||||||||||||||||||||||
3/31/16 | 11.04 | 0.22 | (0.04 | ) | 0.18 | (0.22 | ) | (0.02 | ) | (0.24 | ) | 10.98 | ||||||||||||||||||||||
Retail Class: | 3/31/20 | 10.77 | 0.25 | 0.64 | 0.89 | (0.25 | ) | — | (0.25 | ) | 11.41 | |||||||||||||||||||||||
3/31/19 | 10.59 | 0.26 | 0.18 | 0.44 | (0.26 | ) | — | (0.26 | ) | 10.77 | ||||||||||||||||||||||||
3/31/18 | 10.75 | 0.23 | (0.16 | ) | 0.07 | (0.23 | ) | (0.00 | ) | (0.23 | ) | 10.59 | ||||||||||||||||||||||
3/31/17 | 10.98 | 0.21 | (0.23 | ) | (0.02 | ) | (0.21 | ) | — | (0.21 | ) | 10.75 | ||||||||||||||||||||||
3/31/16 | 11.04 | 0.21 | (0.04 | ) | 0.17 | (0.21 | ) | (0.02 | ) | (0.23 | ) | 10.98 | ||||||||||||||||||||||
Class W: | 3/31/20 | 10.76 | 0.30 | 0.65 | 0.95 | (0.30 | ) | — | (0.30 | ) | 11.41 | |||||||||||||||||||||||
3/31/19 | †† | 10.43 | 0.16 | 0.32 | 0.48 | (0.15 | ) | — | (0.15 | ) | 10.76 | |||||||||||||||||||||||
CORE BOND FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 10.29 | 0.30 | 0.19 | 0.49 | (0.30 | ) | — | (0.30 | ) | 10.48 | |||||||||||||||||||||||
3/31/19 | 10.18 | 0.32 | 0.11 | 0.43 | (0.32 | ) | — | (0.32 | ) | 10.29 | ||||||||||||||||||||||||
3/31/18 | 10.30 | 0.31 | (0.12 | ) | 0.19 | (0.30 | ) | (0.01 | ) | (0.31 | ) | 10.18 | ||||||||||||||||||||||
3/31/17 | 10.45 | 0.29 | (0.05 | ) | 0.24 | (0.29 | ) | (0.10 | ) | (0.39 | ) | 10.30 | ||||||||||||||||||||||
3/31/16 | 10.65 | 0.28 | (0.07 | ) | 0.21 | (0.28 | ) | (0.13 | ) | (0.41 | ) | 10.45 | ||||||||||||||||||||||
Advisor Class: | 3/31/20 | 10.30 | 0.29 | 0.19 | 0.48 | (0.29 | ) | — | (0.29 | ) | 10.49 | |||||||||||||||||||||||
3/31/19 | 10.18 | 0.31 | 0.12 | 0.43 | (0.31 | ) | — | (0.31 | ) | 10.30 | ||||||||||||||||||||||||
3/31/18 | 10.30 | 0.30 | (0.11 | ) | 0.19 | (0.30 | ) | (0.01 | ) | (0.31 | ) | 10.18 | ||||||||||||||||||||||
3/31/17 | 10.46 | 0.29 | (0.06 | ) | 0.23 | (0.29 | ) | (0.10 | ) | (0.39 | ) | 10.30 | ||||||||||||||||||||||
3/31/16 | ‡ | 10.39 | 0.09 | 0.20 | 0.29 | (0.09 | ) | (0.13 | ) | (0.22 | ) | 10.46 | ||||||||||||||||||||||
Premier Class: | 3/31/20 | 10.30 | 0.29 | 0.18 | 0.47 | (0.28 | ) | — | (0.28 | ) | 10.49 | |||||||||||||||||||||||
3/31/19 | 10.18 | 0.31 | 0.12 | 0.43 | (0.31 | ) | — | (0.31 | ) | 10.30 | ||||||||||||||||||||||||
3/31/18 | 10.30 | 0.29 | (0.11 | ) | 0.18 | (0.29 | ) | (0.01 | ) | (0.30 | ) | 10.18 | ||||||||||||||||||||||
3/31/17 | 10.46 | 0.27 | (0.06 | ) | 0.21 | (0.27 | ) | (0.10 | ) | (0.37 | ) | 10.30 | ||||||||||||||||||||||
3/31/16 | 10.66 | 0.27 | (0.07 | ) | 0.20 | (0.27 | ) | (0.13 | ) | (0.40 | ) | 10.46 | ||||||||||||||||||||||
Retirement Class: | 3/31/20 | 10.48 | 0.28 | 0.19 | 0.47 | (0.28 | ) | — | (0.28 | ) | 10.67 | |||||||||||||||||||||||
3/31/19 | 10.36 | 0.30 | 0.12 | 0.42 | (0.30 | ) | — | (0.30 | ) | 10.48 | ||||||||||||||||||||||||
3/31/18 | 10.49 | 0.28 | (0.12 | ) | 0.16 | (0.28 | ) | (0.01 | ) | (0.29 | ) | 10.36 | ||||||||||||||||||||||
3/31/17 | 10.64 | 0.27 | (0.05 | ) | 0.22 | (0.27 | ) | (0.10 | ) | (0.37 | ) | 10.49 | ||||||||||||||||||||||
3/31/16 | 10.84 | 0.26 | (0.07 | ) | 0.19 | (0.26 | ) | (0.13 | ) | (0.39 | ) | 10.64 | ||||||||||||||||||||||
Retail Class: | 3/31/20 | 10.47 | 0.28 | 0.18 | 0.46 | (0.27 | ) | — | (0.27 | ) | 10.66 | |||||||||||||||||||||||
3/31/19 | 10.35 | 0.30 | 0.12 | 0.42 | (0.30 | ) | — | (0.30 | ) | 10.47 | ||||||||||||||||||||||||
3/31/18 | 10.48 | 0.28 | (0.12 | ) | 0.16 | (0.28 | ) | (0.01 | ) | (0.29 | ) | 10.35 | ||||||||||||||||||||||
3/31/17 | 10.63 | 0.26 | (0.05 | ) | 0.21 | (0.26 | ) | (0.10 | ) | (0.36 | ) | 10.48 | ||||||||||||||||||||||
3/31/16 | 10.83 | 0.26 | (0.08 | ) | 0.18 | (0.25 | ) | (0.13 | ) | (0.38 | ) | 10.63 | ||||||||||||||||||||||
Class W: | 3/31/20 | 10.29 | 0.33 | 0.19 | 0.52 | (0.33 | ) | — | (0.33 | ) | 10.48 | |||||||||||||||||||||||
3/31/19 | †† | 10.00 | 0.18 | 0.29 | 0.47 | (0.18 | ) | — | (0.18 | ) | 10.29 |
78 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Ratios and supplemental data | ||||||||||||||||||||||||||||||
For the period | Net assets at | Ratios to average net assets | Portfolio | Portfolio turnover rate excluding | ||||||||||||||||||||||||||
or year ended | Total return | end of period (in thousands) | Gross expenses | Net expenses | Net investment income (loss) | turnover rate | mortgage dollar rolls | |||||||||||||||||||||||
BOND INDEX FUND | ||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 8.83 | % | $ | 10,054,559 | 0.11 | % | 0.11 | % | 2.61 | % | 32 | % | 32 | % | |||||||||||||||
3/31/19 | 4.55 | 6,445,380 | 0.11 | 0.11 | 2.75 | 20 | 20 | |||||||||||||||||||||||
3/31/18 | 0.89 | 9,558,420 | 0.12 | 0.12 | 2.45 | 15 | 15 | |||||||||||||||||||||||
3/31/17 | 0.15 | 7,372,654 | 0.12 | 0.12 | 2.27 | 14 | 14 | |||||||||||||||||||||||
3/31/16 | 1.99 | 6,115,247 | 0.12 | 0.12 | 2.28 | 22 | 22 | |||||||||||||||||||||||
Advisor Class: | 3/31/20 | 8.73 | 17,005 | 0.22 | 0.22 | 2.48 | 32 | 32 | ||||||||||||||||||||||
3/31/19 | 4.33 | 1,139 | 0.22 | 0.22 | 2.74 | 20 | 20 | |||||||||||||||||||||||
3/31/18 | 0.78 | 282 | 0.20 | 0.20 | 2.30 | 15 | 15 | |||||||||||||||||||||||
3/31/17 | 0.22 | 4,636 | 0.18 | 0.18 | 2.36 | 14 | 14 | |||||||||||||||||||||||
3/31/16 | ‡ | 2.84 | b | 102 | 0.34 | c | 0.27 | c | 2.23 | c | 22 | 22 | ||||||||||||||||||
Premier Class: | 3/31/20 | 8.58 | 25,927 | 0.27 | 0.27 | 2.46 | 32 | 32 | ||||||||||||||||||||||
3/31/19 | 4.39 | 21,379 | 0.26 | 0.26 | 2.61 | 20 | 20 | |||||||||||||||||||||||
3/31/18 | 0.74 | 33,640 | 0.27 | 0.27 | 2.30 | 15 | 15 | |||||||||||||||||||||||
3/31/17 | 0.00 | 30,001 | 0.27 | 0.27 | 2.10 | 14 | 14 | |||||||||||||||||||||||
3/31/16 | 1.84 | 52,687 | 0.27 | 0.27 | 2.13 | 22 | 22 | |||||||||||||||||||||||
Retirement Class: | 3/31/20 | 8.46 | 449,368 | 0.37 | 0.37 | 2.36 | 32 | 32 | ||||||||||||||||||||||
3/31/19 | 4.29 | 258,787 | 0.36 | 0.36 | 2.53 | 20 | 20 | |||||||||||||||||||||||
3/31/18 | 0.73 | 179,875 | 0.37 | 0.37 | 2.20 | 15 | 15 | |||||||||||||||||||||||
3/31/17 | (0.10 | ) | 139,123 | 0.37 | 0.37 | 2.02 | 14 | 14 | ||||||||||||||||||||||
3/31/16 | 1.64 | 120,858 | 0.37 | 0.37 | 2.03 | 22 | 22 | |||||||||||||||||||||||
Retail Class: | 3/31/20 | 8.39 | 29,641 | 0.43 | 0.43 | 2.29 | 32 | 32 | ||||||||||||||||||||||
3/31/19 | 4.20 | 21,544 | 0.44 | 0.44 | 2.43 | 20 | 20 | |||||||||||||||||||||||
3/31/18 | 0.66 | 20,927 | 0.44 | 0.44 | 2.12 | 15 | 15 | |||||||||||||||||||||||
3/31/17 | (0.18 | ) | 21,467 | 0.44 | 0.44 | 1.94 | 14 | 14 | ||||||||||||||||||||||
3/31/16 | 1.55 | 21,540 | 0.46 | 0.46 | 1.94 | 22 | 22 | |||||||||||||||||||||||
Class W: | 3/31/20 | 8.96 | 5,983,462 | 0.11 | 0.00 | 2.72 | 32 | 32 | ||||||||||||||||||||||
3/31/19 | †† | 4.69 | b | 4,605,482 | 0.11 | c | 0.00 | c | 2.97 | c | 20 | 20 | ||||||||||||||||||
CORE BOND FUND | ||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 4.75 | 1,753,879 | 0.30 | 0.30 | 2.86 | 133 | 125 | ||||||||||||||||||||||
3/31/19 | 4.38 | 954,430 | 0.30 | 0.30 | 3.16 | 138 | 125 | |||||||||||||||||||||||
3/31/18 | 1.83 | 4,343,864 | 0.30 | 0.30 | 2.95 | 155 | 130 | |||||||||||||||||||||||
3/31/17 | 2.29 | 3,777,813 | 0.31 | 0.31 | 2.75 | 277 | 179 | |||||||||||||||||||||||
3/31/16 | 2.05 | 2,729,221 | 0.31 | 0.31 | 2.72 | 309 | 166 | |||||||||||||||||||||||
Advisor Class: | 3/31/20 | 4.61 | 906,706 | 0.43 | 0.43 | 2.73 | 133 | 125 | ||||||||||||||||||||||
3/31/19 | 4.37 | 933,420 | 0.44 | 0.44 | 3.15 | 138 | 125 | |||||||||||||||||||||||
3/31/18 | 1.74 | 5,148 | 0.38 | 0.38 | 2.95 | 155 | 130 | |||||||||||||||||||||||
3/31/17 | 2.28 | 210 | 0.33 | 0.33 | 2.74 | 277 | 179 | |||||||||||||||||||||||
3/31/16 | ‡ | 2.71 | b | 102 | 0.53 | c | 0.46 | c | 2.78 | c | 309 | 166 | ||||||||||||||||||
Premier Class: | 3/31/20 | 4.60 | 13,685 | 0.45 | 0.45 | 2.71 | 133 | 125 | ||||||||||||||||||||||
3/31/19 | 4.32 | 14,729 | 0.45 | 0.45 | 3.05 | 138 | 125 | |||||||||||||||||||||||
3/31/18 | 1.67 | 25,584 | 0.45 | 0.45 | 2.79 | 155 | 130 | |||||||||||||||||||||||
3/31/17 | 2.04 | 27,651 | 0.46 | 0.46 | 2.60 | 277 | 179 | |||||||||||||||||||||||
3/31/16 | 1.89 | 30,009 | 0.46 | 0.46 | 2.59 | 309 | 166 | |||||||||||||||||||||||
Retirement Class: | 3/31/20 | 4.56 | 208,899 | 0.55 | 0.55 | 2.61 | 133 | 125 | ||||||||||||||||||||||
3/31/19 | 4.20 | 197,645 | 0.55 | 0.55 | 2.98 | 138 | 125 | |||||||||||||||||||||||
3/31/18 | 1.49 | 213,497 | 0.55 | 0.55 | 2.69 | 155 | 130 | |||||||||||||||||||||||
3/31/17 | 2.04 | 224,159 | 0.56 | 0.56 | 2.50 | 277 | 179 | |||||||||||||||||||||||
3/31/16 | 1.80 | 234,458 | 0.56 | 0.56 | 2.45 | 309 | 166 | |||||||||||||||||||||||
Retail Class: | 3/31/20 | 4.52 | 106,363 | 0.59 | 0.59 | 2.57 | 133 | 125 | ||||||||||||||||||||||
3/31/19 | 4.16 | 92,455 | 0.60 | 0.60 | 2.93 | 138 | 125 | |||||||||||||||||||||||
3/31/18 | 1.45 | 97,066 | 0.60 | 0.60 | 2.65 | 155 | 130 | |||||||||||||||||||||||
3/31/17 | 1.99 | 90,587 | 0.61 | 0.61 | 2.45 | 277 | 179 | |||||||||||||||||||||||
3/31/16 | 1.75 | 79,566 | 0.62 | 0.62 | 2.41 | 309 | 166 | |||||||||||||||||||||||
Class W: | 3/31/20 | 5.06 | 3,614,517 | 0.30 | 0.00 | 3.16 | 133 | 125 | ||||||||||||||||||||||
3/31/19 | †† | 4.77 | b | 3,741,378 | 0.30 | c | 0.00 | c | 3.64 | c | 138 | 125 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 79 |
Financial highlights
TIAA-CREF Funds
Selected per share data | ||||||||||||||||||||||||||||||||||
Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||
For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||
period or year ended | value, beginning of period | investment income (loss | )a | unrealized gain (loss) on total investments | (loss) from investment operations | Net investment income | Net realized gains | dividends and distributions | value, end of period | |||||||||||||||||||||||||
CORE IMPACT BOND FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | $10.28 | $0.28 | $ 0.20 | $0.48 | $(0.28 | ) | $(0.07 | ) | $(0.35 | ) | $10.41 | ||||||||||||||||||||||
3/31/19 | 10.14 | 0.30 | 0.14 | 0.44 | (0.30 | ) | — | (0.30 | ) | 10.28 | ||||||||||||||||||||||||
3/31/18 | 10.18 | 0.27 | (0.05 | ) | 0.22 | (0.26 | ) | — | (0.26 | ) | 10.14 | |||||||||||||||||||||||
3/31/17 | 10.32 | 0.24 | (0.06 | ) | 0.18 | (0.25 | ) | (0.07 | ) | (0.32 | ) | 10.18 | ||||||||||||||||||||||
3/31/16 | 10.45 | 0.26 | (0.09 | ) | 0.17 | (0.26 | ) | (0.04 | ) | (0.30 | ) | 10.32 | ||||||||||||||||||||||
Advisor Class: | 3/31/20 | 10.29 | 0.27 | 0.20 | 0.47 | (0.27 | ) | (0.07 | ) | (0.34 | ) | 10.42 | ||||||||||||||||||||||
3/31/19 | 10.15 | 0.30 | 0.14 | 0.44 | (0.30 | ) | — | (0.30 | ) | 10.29 | ||||||||||||||||||||||||
3/31/18 | 10.19 | 0.26 | (0.05 | ) | 0.21 | (0.25 | ) | — | (0.25 | ) | 10.15 | |||||||||||||||||||||||
3/31/17 | 10.32 | 0.21 | (0.03 | ) | 0.18 | (0.24 | ) | (0.07 | ) | (0.31 | ) | 10.19 | ||||||||||||||||||||||
3/31/16 | ‡ | 10.20 | 0.08 | 0.16 | 0.24 | (0.08 | ) | (0.04 | ) | (0.12 | ) | 10.32 | ||||||||||||||||||||||
Premier Class: | 3/31/20 | 10.29 | 0.27 | 0.20 | 0.47 | (0.27 | ) | (0.07 | ) | (0.34 | ) | 10.42 | ||||||||||||||||||||||
3/31/19 | 10.15 | 0.28 | 0.14 | 0.42 | (0.28 | ) | — | (0.28 | ) | 10.29 | ||||||||||||||||||||||||
3/31/18 | 10.19 | 0.25 | (0.05 | ) | 0.20 | (0.24 | ) | — | (0.24 | ) | 10.15 | |||||||||||||||||||||||
3/31/17 | 10.31 | 0.23 | (0.04 | ) | 0.19 | (0.24 | ) | (0.07 | ) | (0.31 | ) | 10.19 | ||||||||||||||||||||||
3/31/16 | 10.45 | 0.25 | (0.11 | ) | 0.14 | (0.24 | ) | (0.04 | ) | (0.28 | ) | 10.31 | ||||||||||||||||||||||
Retirement Class: | 3/31/20 | 10.29 | 0.26 | 0.19 | 0.45 | (0.26 | ) | (0.07 | ) | (0.33 | ) | 10.41 | ||||||||||||||||||||||
3/31/19 | 10.14 | 0.28 | 0.15 | 0.43 | (0.28 | ) | — | (0.28 | ) | 10.29 | ||||||||||||||||||||||||
3/31/18 | 10.19 | 0.24 | (0.06 | ) | 0.18 | (0.23 | ) | — | (0.23 | ) | 10.14 | |||||||||||||||||||||||
3/31/17 | 10.32 | 0.22 | (0.05 | ) | 0.17 | (0.23 | ) | (0.07 | ) | (0.30 | ) | 10.19 | ||||||||||||||||||||||
3/31/16 | 10.45 | 0.23 | (0.09 | ) | 0.14 | (0.23 | ) | (0.04 | ) | (0.27 | ) | 10.32 | ||||||||||||||||||||||
Retail Class: | 3/31/20 | 10.28 | 0.25 | 0.19 | 0.44 | (0.25 | ) | (0.07 | ) | (0.32 | ) | 10.40 | ||||||||||||||||||||||
3/31/19 | 10.14 | 0.27 | 0.14 | 0.41 | (0.27 | ) | — | (0.27 | ) | 10.28 | ||||||||||||||||||||||||
3/31/18 | 10.18 | 0.24 | (0.05 | ) | 0.19 | (0.23 | ) | — | (0.23 | ) | 10.14 | |||||||||||||||||||||||
3/31/17 | 10.31 | 0.22 | (0.06 | ) | 0.16 | (0.22 | ) | (0.07 | ) | (0.29 | ) | 10.18 | ||||||||||||||||||||||
3/31/16 | 10.45 | 0.23 | (0.10 | ) | 0.13 | (0.23 | ) | (0.04 | ) | (0.27 | ) | 10.31 | ||||||||||||||||||||||
CORE PLUS BOND FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 10.35 | 0.32 | 0.03 | 0.35 | (0.32 | ) | — | (0.32 | ) | 10.38 | |||||||||||||||||||||||
3/31/19 | 10.24 | 0.35 | 0.10 | 0.45 | (0.34 | ) | — | (0.34 | ) | 10.35 | ||||||||||||||||||||||||
3/31/18 | 10.36 | 0.33 | (0.11 | ) | 0.22 | (0.33 | ) | (0.01 | ) | (0.34 | ) | 10.24 | ||||||||||||||||||||||
3/31/17 | 10.47 | 0.33 | (0.02 | ) | 0.31 | (0.32 | ) | (0.10 | ) | (0.42 | ) | 10.36 | ||||||||||||||||||||||
3/31/16 | 10.75 | 0.32 | (0.16 | ) | 0.16 | (0.32 | ) | (0.12 | ) | (0.44 | ) | 10.47 | ||||||||||||||||||||||
Advisor Class: | 3/31/20 | 10.36 | 0.31 | 0.03 | 0.34 | (0.31 | ) | — | (0.31 | ) | 10.39 | |||||||||||||||||||||||
3/31/19 | 10.25 | 0.34 | 0.11 | 0.45 | (0.34 | ) | — | (0.34 | ) | 10.36 | ||||||||||||||||||||||||
3/31/18 | 10.37 | 0.32 | (0.11 | ) | 0.21 | (0.32 | ) | (0.01 | ) | (0.33 | ) | 10.25 | ||||||||||||||||||||||
3/31/17 | 10.48 | 0.30 | 0.01 | 0.31 | (0.32 | ) | (0.10 | ) | (0.42 | ) | 10.37 | |||||||||||||||||||||||
3/31/16 | ‡ | 10.45 | 0.10 | 0.15 | 0.25 | (0.10 | ) | (0.12 | ) | (0.22 | ) | 10.48 | ||||||||||||||||||||||
Premier Class: | 3/31/20 | 10.35 | 0.31 | 0.02 | 0.33 | (0.30 | ) | — | (0.30 | ) | 10.38 | |||||||||||||||||||||||
3/31/19 | 10.24 | 0.33 | 0.11 | 0.44 | (0.33 | ) | — | (0.33 | ) | 10.35 | ||||||||||||||||||||||||
3/31/18 | 10.36 | 0.32 | (0.12 | ) | 0.20 | (0.31 | ) | (0.01 | ) | (0.32 | ) | 10.24 | ||||||||||||||||||||||
3/31/17 | 10.47 | 0.31 | (0.01 | ) | 0.30 | (0.31 | ) | (0.10 | ) | (0.41 | ) | 10.36 | ||||||||||||||||||||||
3/31/16 | 10.75 | 0.30 | (0.16 | ) | 0.14 | (0.30 | ) | (0.12 | ) | (0.42 | ) | 10.47 | ||||||||||||||||||||||
Retirement Class: | 3/31/20 | 10.37 | 0.30 | 0.02 | 0.32 | (0.29 | ) | — | (0.29 | ) | 10.40 | |||||||||||||||||||||||
3/31/19 | 10.26 | 0.32 | 0.11 | 0.43 | (0.32 | ) | — | (0.32 | ) | 10.37 | ||||||||||||||||||||||||
3/31/18 | 10.37 | 0.31 | (0.11 | ) | 0.20 | (0.30 | ) | (0.01 | ) | (0.31 | ) | 10.26 | ||||||||||||||||||||||
3/31/17 | 10.49 | 0.30 | (0.02 | ) | 0.28 | (0.30 | ) | (0.10 | ) | (0.40 | ) | 10.37 | ||||||||||||||||||||||
3/31/16 | 10.76 | 0.29 | (0.15 | ) | 0.14 | (0.29 | ) | (0.12 | ) | (0.41 | ) | 10.49 | ||||||||||||||||||||||
Retail Class: | 3/31/20 | 10.38 | 0.29 | 0.01 | 0.30 | (0.28 | ) | — | (0.28 | ) | 10.40 | |||||||||||||||||||||||
3/31/19 | 10.26 | 0.32 | 0.11 | 0.43 | (0.31 | ) | — | (0.31 | ) | 10.38 | ||||||||||||||||||||||||
3/31/18 | 10.38 | 0.30 | (0.11 | ) | 0.19 | (0.30 | ) | (0.01 | ) | (0.31 | ) | 10.26 | ||||||||||||||||||||||
3/31/17 | 10.49 | 0.30 | (0.02 | ) | 0.28 | (0.29 | ) | (0.10 | ) | (0.39 | ) | 10.38 | ||||||||||||||||||||||
3/31/16 | 10.77 | 0.29 | (0.17 | ) | 0.12 | (0.28 | ) | (0.12 | ) | (0.40 | ) | 10.49 | ||||||||||||||||||||||
Class W: | 3/31/20 | 10.36 | 0.36 | 0.01 | 0.37 | (0.35 | ) | — | (0.35 | ) | 10.38 | |||||||||||||||||||||||
3/31/19 | †† | 10.07 | 0.19 | 0.29 | 0.48 | (0.19 | ) | — | (0.19 | ) | 10.36 |
80 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
continued
Ratios and supplemental data | ||||||||||||||||||||||||||||||
For the period | Net assets at | Ratios to average net assets | Portfolio | Portfolio turnover rate excluding | ||||||||||||||||||||||||||
or year ended | Total return | end of period (in thousands) | Gross expenses | Net expenses | Net investment income (loss) | turnover rate | mortgage dollar rolls | |||||||||||||||||||||||
CORE IMPACT BOND FUND | ||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 4.74 | % | $ | 3,223,141 | 0.36 | % | 0.36 | % | 2.68 | % | 115 | %f | 110 | %f | |||||||||||||||
3/31/19 | 4.47 | 1,961,314 | 0.37 | 0.37 | 3.02 | 90 | 82 | |||||||||||||||||||||||
3/31/18 | 2.14 | 1,203,023 | 0.39 | 0.39 | 2.61 | 112 | 89 | |||||||||||||||||||||||
3/31/17 | 1.73 | 618,298 | 0.40 | 0.40 | 2.36 | 182 | 115 | |||||||||||||||||||||||
3/31/16 | 1.64 | 377,577 | 0.41 | 0.40 | 2.50 | 107 | 107 | |||||||||||||||||||||||
Advisor Class: | 3/31/20 | 4.64 | 930,083 | 0.46 | 0.46 | 2.58 | 115 | f | 110 | f | ||||||||||||||||||||
3/31/19 | 4.39 | 554,143 | 0.44 | 0.44 | 2.97 | 90 | 82 | |||||||||||||||||||||||
3/31/18 | 2.09 | 239,374 | 0.44 | 0.44 | 2.55 | 112 | 89 | |||||||||||||||||||||||
3/31/17 | 1.68 | 113,376 | 0.53 | 0.52 | 2.13 | 182 | 115 | |||||||||||||||||||||||
3/31/16 | ‡ | 2.40 | b | 102 | 0.63 | c | 0.55 | c | 2.53 | c | 107 | 107 | ||||||||||||||||||
Premier Class: | 3/31/20 | 4.57 | 30,850 | 0.53 | 0.53 | 2.51 | 115 | f | 110 | f | ||||||||||||||||||||
3/31/19 | 4.28 | 36,827 | 0.55 | 0.55 | 2.84 | 90 | 82 | |||||||||||||||||||||||
3/31/18 | 1.99 | 30,079 | 0.54 | 0.54 | 2.44 | 112 | 89 | |||||||||||||||||||||||
3/31/17 | 1.78 | 17,334 | 0.55 | 0.55 | 2.24 | 182 | 115 | |||||||||||||||||||||||
3/31/16 | 1.39 | 29,475 | 0.56 | 0.55 | 2.43 | 107 | 107 | |||||||||||||||||||||||
Retirement Class: | 3/31/20 | 4.38 | 527,044 | 0.61 | 0.61 | 2.43 | 115 | f | 110 | f | ||||||||||||||||||||
3/31/19 | 4.31 | 467,437 | 0.62 | 0.62 | 2.77 | 90 | 82 | |||||||||||||||||||||||
3/31/18 | 1.79 | 364,848 | 0.64 | 0.64 | 2.34 | 112 | 89 | |||||||||||||||||||||||
3/31/17 | 1.58 | 263,594 | 0.65 | 0.65 | 2.12 | 182 | 115 | |||||||||||||||||||||||
3/31/16 | 1.39 | 223,415 | 0.66 | 0.65 | 2.28 | 107 | 107 | |||||||||||||||||||||||
Retail Class: | 3/31/20 | 4.35 | 233,432 | 0.64 | 0.64 | 2.40 | 115 | f | 110 | f | ||||||||||||||||||||
3/31/19 | 4.18 | 172,447 | 0.65 | 0.65 | 2.72 | 90 | 82 | |||||||||||||||||||||||
3/31/18 | 1.88 | 176,995 | 0.65 | 0.65 | 2.33 | 112 | 89 | |||||||||||||||||||||||
3/31/17 | 1.56 | 107,219 | 0.67 | 0.67 | 2.10 | 182 | 115 | |||||||||||||||||||||||
3/31/16 | 1.26 | 72,933 | 0.69 | 0.68 | 2.23 | 107 | 107 | |||||||||||||||||||||||
CORE PLUS BOND FUND | ||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 3.31 | 1,383,899 | 0.30 | 0.30 | 3.04 | 94 | f | 85 | f | ||||||||||||||||||||
3/31/19 | 4.56 | 1,185,094 | 0.30 | 0.30 | 3.39 | 106 | 90 | |||||||||||||||||||||||
3/31/18 | 2.07 | 3,434,043 | 0.30 | 0.30 | 3.19 | 156 | 116 | |||||||||||||||||||||||
3/31/17 | 3.02 | 2,921,905 | 0.31 | 0.31 | 3.12 | 246 | 154 | |||||||||||||||||||||||
3/31/16 | 1.56 | 2,449,009 | 0.31 | 0.31 | 3.05 | 293 | 172 | |||||||||||||||||||||||
Advisor Class: | 3/31/20 | 3.24 | 211,366 | 0.38 | 0.38 | 2.93 | 94 | f | 85 | f | ||||||||||||||||||||
3/31/19 | 4.51 | 35,007 | 0.35 | 0.35 | 3.39 | 106 | 90 | |||||||||||||||||||||||
3/31/18 | 1.99 | 24,604 | 0.37 | 0.37 | 3.17 | 156 | 116 | |||||||||||||||||||||||
3/31/17 | 2.98 | 1,658 | 0.40 | 0.40 | 2.98 | 246 | 154 | |||||||||||||||||||||||
3/31/16 | ‡ | 2.46 | b | 102 | 0.53 | c | 0.46 | c | 3.06 | c | 293 | 172 | ||||||||||||||||||
Premier Class: | 3/31/20 | 3.16 | 9,431 | 0.45 | 0.45 | 2.89 | 94 | f | 85 | f | ||||||||||||||||||||
3/31/19 | 4.41 | 10,707 | 0.45 | 0.45 | 3.25 | 106 | 90 | |||||||||||||||||||||||
3/31/18 | 1.92 | 22,115 | 0.46 | 0.46 | 3.02 | 156 | 116 | |||||||||||||||||||||||
3/31/17 | 2.87 | 41,849 | 0.46 | 0.46 | 2.97 | 246 | 154 | |||||||||||||||||||||||
3/31/16 | 1.41 | 26,983 | 0.46 | 0.46 | 2.92 | 293 | 172 | |||||||||||||||||||||||
Retirement Class: | 3/31/20 | 3.06 | 394,611 | 0.55 | 0.55 | 2.79 | 94 | f | 85 | f | ||||||||||||||||||||
3/31/19 | 4.30 | 436,641 | 0.55 | 0.55 | 3.18 | 106 | 90 | |||||||||||||||||||||||
3/31/18 | 1.92 | 426,965 | 0.55 | 0.55 | 2.94 | 156 | 116 | |||||||||||||||||||||||
3/31/17 | 2.67 | 333,416 | 0.56 | 0.56 | 2.87 | 246 | 154 | |||||||||||||||||||||||
3/31/16 | 1.41 | 198,216 | 0.56 | 0.56 | 2.80 | 293 | 172 | |||||||||||||||||||||||
Retail Class: | 3/31/20 | 2.90 | 298,496 | 0.61 | 0.61 | 2.73 | 94 | f | 85 | f | ||||||||||||||||||||
3/31/19 | 4.33 | 256,549 | 0.62 | 0.62 | 3.11 | 106 | 90 | |||||||||||||||||||||||
3/31/18 | 1.75 | 264,757 | 0.62 | 0.62 | 2.87 | 156 | 116 | |||||||||||||||||||||||
3/31/17 | 2.69 | 263,847 | 0.63 | 0.63 | 2.80 | 246 | 154 | |||||||||||||||||||||||
3/31/16 | 1.25 | 264,536 | 0.63 | 0.63 | 2.73 | 293 | 172 | |||||||||||||||||||||||
Class W: | 3/31/20 | 3.52 | 2,268,780 | 0.30 | 0.00 | 3.34 | 94 | f | 85 | f | ||||||||||||||||||||
3/31/19 | †† | 4.82 | b | 2,370,116 | 0.31 | c | 0.00 | c | 3.84 | c | 106 | 90 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 81 |
Financial highlights
TIAA-CREF Funds
Selected per share data | ||||||||||||||||||||||||||||||||||
Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||
For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||
period or year ended | value, beginning of period | investment income (loss | )a | unrealized gain (loss) on total investments | (loss) from investment operations | Net investment income | Net realized gains | dividends and distributions | value, end of period | |||||||||||||||||||||||||
5–15 YEAR LADDERED TAX-EXEMPT BOND FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | $10.55 | $0.26 | $(0.03 | ) | $ 0.23 | $(0.26 | ) | $(0.02 | ) | $(0.28 | ) | $10.50 | |||||||||||||||||||||
3/31/19 | 10.26 | 0.27 | 0.30 | 0.57 | (0.27 | ) | (0.01 | ) | (0.28 | ) | 10.55 | |||||||||||||||||||||||
3/31/18 | 10.25 | 0.24 | 0.01 | 0.25 | (0.24 | ) | (0.00 | )d | (0.24 | ) | 10.26 | |||||||||||||||||||||||
3/31/17 | 10.72 | 0.22 | (0.29 | ) | (0.07 | ) | (0.23 | ) | (0.17 | ) | (0.40 | ) | 10.25 | |||||||||||||||||||||
3/31/16 | 10.82 | 0.22 | 0.06 | 0.28 | (0.22 | ) | (0.16 | ) | (0.38 | ) | 10.72 | |||||||||||||||||||||||
Advisor Class: | 3/31/20 | 10.55 | 0.25 | (0.02 | ) | 0.23 | (0.26 | ) | (0.02 | ) | (0.28 | ) | 10.50 | |||||||||||||||||||||
3/31/19 | 10.26 | 0.26 | 0.30 | 0.56 | (0.26 | ) | (0.01 | ) | (0.27 | ) | 10.55 | |||||||||||||||||||||||
3/31/18 | 10.25 | 0.24 | 0.01 | 0.25 | (0.24 | ) | (0.00 | )d | (0.24 | ) | 10.26 | |||||||||||||||||||||||
3/31/17 | 10.72 | 0.23 | (0.30 | ) | (0.07 | ) | (0.23 | ) | (0.17 | ) | (0.40 | ) | 10.25 | |||||||||||||||||||||
3/31/16 | ‡ | 10.75 | 0.07 | 0.13 | 0.20 | (0.07 | ) | (0.16 | ) | (0.23 | ) | 10.72 | ||||||||||||||||||||||
Retail Class: | 3/31/20 | 10.56 | 0.23 | (0.03 | ) | 0.20 | (0.23 | ) | (0.02 | ) | (0.25 | ) | 10.51 | |||||||||||||||||||||
3/31/19 | 10.27 | 0.24 | 0.30 | 0.54 | (0.24 | ) | (0.01 | ) | (0.25 | ) | 10.56 | |||||||||||||||||||||||
3/31/18 | 10.26 | 0.21 | 0.01 | 0.22 | (0.21 | ) | (0.00 | )d | (0.21 | ) | 10.27 | |||||||||||||||||||||||
3/31/17 | 10.73 | 0.20 | (0.30 | ) | (0.10 | ) | (0.20 | ) | (0.17 | ) | (0.37 | ) | 10.26 | |||||||||||||||||||||
3/31/16 | 10.84 | 0.19 | 0.05 | 0.24 | (0.19 | ) | (0.16 | ) | (0.35 | ) | 10.73 | |||||||||||||||||||||||
GREEN BOND FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 10.33 | 0.33 | (0.02 | ) | 0.31 | (0.33 | ) | (0.09 | ) | (0.42 | ) | 10.22 | |||||||||||||||||||||
3/31/19 | § | 10.00 | 0.14 | 0.33 | 0.47 | (0.14 | ) | — | (0.14 | ) | 10.33 | |||||||||||||||||||||||
Advisor Class: | 3/31/20 | 10.33 | 0.33 | (0.02 | ) | 0.31 | (0.33 | ) | (0.09 | ) | (0.42 | ) | 10.22 | |||||||||||||||||||||
3/31/19 | § | 10.00 | 0.13 | 0.33 | 0.46 | (0.13 | ) | — | (0.13 | ) | 10.33 | |||||||||||||||||||||||
Premier Class: | 3/31/20 | 10.33 | 0.32 | (0.02 | ) | 0.30 | (0.32 | ) | (0.09 | ) | (0.41 | ) | 10.22 | |||||||||||||||||||||
3/31/19 | § | 10.00 | 0.13 | 0.33 | 0.46 | (0.13 | ) | — | (0.13 | ) | 10.33 | |||||||||||||||||||||||
Retirement Class: | 3/31/20 | 10.33 | 0.31 | (0.01 | ) | 0.30 | (0.32 | ) | (0.09 | ) | (0.41 | ) | 10.22 | |||||||||||||||||||||
3/31/19 | § | 10.00 | 0.13 | 0.33 | 0.46 | (0.13 | ) | — | (0.13 | ) | 10.33 | |||||||||||||||||||||||
Retail Class: | 3/31/20 | 10.33 | 0.30 | (0.01 | ) | 0.29 | (0.31 | ) | (0.09 | ) | (0.40 | ) | 10.22 | |||||||||||||||||||||
3/31/19 | § | 10.00 | 0.13 | 0.33 | 0.46 | (0.13 | ) | — | (0.13 | ) | 10.33 |
82 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
continued
Ratios and supplemental data | ||||||||||||||||||||||||||
For the period | Net assets at | Ratios to average net assets | Portfolio | |||||||||||||||||||||||
or year ended | Total return | end of period (in thousands) | Gross expenses | Net expenses | Net investment income (loss) | turnover rate | ||||||||||||||||||||
5–15 YEAR LADDERED TAX-EXEMPT BOND FUND | ||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 2.21 | % | $ | 4,946 | 0.33 | % | 0.30 | % | 2.43 | % | 21 | % | |||||||||||||
3/31/19 | 5.64 | 5,091 | 0.35 | 0.31 | 2.71 | 43 | ||||||||||||||||||||
3/31/18 | 2.48 | 1,401 | 0.38 | 0.35 | 2.31 | 29 | ||||||||||||||||||||
3/31/17 | (0.63 | ) | 2,418 | 0.37 | 0.35 | 2.04 | 59 | |||||||||||||||||||
3/31/16 | 2.60 | 49,799 | 0.36 | 0.35 | 2.03 | 110 | ||||||||||||||||||||
Advisor Class: | 3/31/20 | 2.14 | 966 | 0.41 | 0.38 | 2.36 | 21 | |||||||||||||||||||
3/31/19 | 5.58 | 228 | 0.41 | 0.38 | 2.58 | 43 | ||||||||||||||||||||
3/31/18 | 2.49 | 100 | 0.37 | 0.34 | 2.34 | 29 | ||||||||||||||||||||
3/31/17 | (0.63 | ) | 99 | 0.38 | 0.36 | 2.15 | 59 | |||||||||||||||||||
3/31/16 | ‡ | 1.85 | b | 101 | 0.58 | c | 0.50 | c | 2.00 | c | 110 | |||||||||||||||
Retail Class: | 3/31/20 | 1.93 | 264,478 | 0.61 | 0.58 | 2.17 | 21 | |||||||||||||||||||
3/31/19 | 5.34 | 265,913 | 0.63 | 0.60 | 2.34 | 43 | ||||||||||||||||||||
3/31/18 | 2.20 | 266,695 | 0.65 | 0.62 | 2.06 | 29 | ||||||||||||||||||||
3/31/17 | (0.90 | ) | 281,643 | 0.65 | 0.63 | 1.87 | 59 | |||||||||||||||||||
3/31/16 | 2.22 | 296,355 | 0.63 | 0.63 | 1.75 | 110 | ||||||||||||||||||||
GREEN BOND FUND | ||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 2.94 | 21,857 | 1.21 | 0.45 | 3.15 | 37 | |||||||||||||||||||
3/31/19 | § | 4.71 | b | 21,751 | 2.99 | c | 0.45 | c | 3.68 | c | 31 | b | ||||||||||||||
Advisor Class: | 3/31/20 | 2.93 | 1,069 | 1.22 | 0.46 | 3.14 | 37 | |||||||||||||||||||
3/31/19 | § | 4.66 | b | 1,033 | 3.37 | c | 0.60 | c | 3.53 | c | 31 | b | ||||||||||||||
Premier Class: | 3/31/20 | 2.79 | 1,022 | 1.37 | 0.60 | 3.00 | 37 | |||||||||||||||||||
3/31/19 | § | 4.66 | b | 1,033 | 3.52 | c | 0.60 | c | 3.53 | c | 31 | b | ||||||||||||||
Retirement Class: | 3/31/20 | 2.77 | 6,457 | 1.47 | 0.62 | 2.96 | 37 | |||||||||||||||||||
3/31/19 | § | 4.65 | b | 1,620 | 3.54 | c | 0.62 | c | 3.60 | c | 31 | b | ||||||||||||||
Retail Class: | 3/31/20 | 2.69 | 2,816 | 1.59 | 0.71 | 2.87 | 37 | |||||||||||||||||||
3/31/19 | § | 4.62 | b | 1,403 | 3.92 | c | 0.71 | c | 3.50 | c | 31 | b |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 83 |
Financial highlights
TIAA-CREF Funds
Selected per share data | ||||||||||||||||||||||||||||||||||
Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||
For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||
period or year ended | value, beginning of period | investment income (loss)a | unrealized gain (loss) on total investments | (loss) from investment operations | Net investment income | Net realized gains | dividends and distributions | value, end of period | ||||||||||||||||||||||||||
HIGH-YIELD FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | $9.61 | $0.54 | $(1.25 | ) | $(0.71 | ) | $(0.54 | ) | $— | $(0.54 | ) | $8.36 | |||||||||||||||||||||
3/31/19 | 9.56 | 0.56 | 0.05 | 0.61 | (0.56 | ) | — | (0.56 | ) | 9.61 | ||||||||||||||||||||||||
3/31/18 | 9.80 | 0.51 | (0.24 | ) | 0.27 | (0.51 | ) | — | (0.51 | ) | 9.56 | |||||||||||||||||||||||
3/31/17 | 9.02 | 0.56 | 0.78 | 1.34 | (0.56 | ) | — | (0.56 | ) | 9.80 | ||||||||||||||||||||||||
3/31/16 | 9.94 | 0.55 | (0.92 | ) | (0.37 | ) | (0.55 | ) | — | (0.55 | ) | 9.02 | ||||||||||||||||||||||
Advisor Class: | 3/31/20 | 9.60 | 0.53 | (1.25 | ) | (0.72 | ) | (0.53 | ) | — | (0.53 | ) | 8.35 | |||||||||||||||||||||
3/31/19 | 9.56 | 0.55 | 0.03 | 0.58 | (0.54 | ) | — | (0.54 | ) | 9.60 | ||||||||||||||||||||||||
3/31/18 | 9.80 | 0.49 | (0.23 | ) | 0.26 | (0.50 | ) | — | (0.50 | ) | 9.56 | |||||||||||||||||||||||
3/31/17 | 9.01 | 0.53 | 0.81 | 1.34 | (0.55 | ) | — | (0.55 | ) | 9.80 | ||||||||||||||||||||||||
3/31/16 | ‡ | 9.17 | 0.18 | (0.16 | ) | 0.02 | (0.18 | ) | — | (0.18 | ) | 9.01 | ||||||||||||||||||||||
Premier Class: | 3/31/20 | 9.62 | 0.53 | (1.25 | ) | (0.72 | ) | (0.53 | ) | — | (0.53 | ) | 8.37 | |||||||||||||||||||||
3/31/19 | 9.57 | 0.54 | 0.05 | 0.59 | (0.54 | ) | — | (0.54 | ) | 9.62 | ||||||||||||||||||||||||
3/31/18 | 9.81 | 0.49 | (0.24 | ) | 0.25 | (0.49 | ) | — | (0.49 | ) | 9.57 | |||||||||||||||||||||||
3/31/17 | 9.02 | 0.54 | 0.79 | 1.33 | (0.54 | ) | — | (0.54 | ) | 9.81 | ||||||||||||||||||||||||
3/31/16 | 9.94 | 0.53 | (0.91 | ) | (0.38 | ) | (0.54 | ) | — | (0.54 | ) | 9.02 | ||||||||||||||||||||||
Retirement Class: | 3/31/20 | 9.61 | 0.52 | (1.25 | ) | (0.73 | ) | (0.52 | ) | — | (0.52 | ) | 8.36 | |||||||||||||||||||||
3/31/19 | 9.57 | 0.53 | 0.04 | 0.57 | (0.53 | ) | — | (0.53 | ) | 9.61 | ||||||||||||||||||||||||
3/31/18 | 9.81 | 0.48 | (0.24 | ) | 0.24 | (0.48 | ) | — | (0.48 | ) | 9.57 | |||||||||||||||||||||||
3/31/17 | 9.02 | 0.53 | 0.79 | 1.32 | (0.53 | ) | — | (0.53 | ) | 9.81 | ||||||||||||||||||||||||
3/31/16 | 9.94 | 0.52 | (0.91 | ) | (0.39 | ) | (0.53 | ) | — | (0.53 | ) | 9.02 | ||||||||||||||||||||||
Retail Class: | 3/31/20 | 9.65 | 0.52 | (1.26 | ) | (0.74 | ) | (0.52 | ) | — | (0.52 | ) | 8.39 | |||||||||||||||||||||
3/31/19 | 9.61 | 0.53 | 0.04 | 0.57 | (0.53 | ) | — | (0.53 | ) | 9.65 | ||||||||||||||||||||||||
3/31/18 | 9.85 | 0.48 | (0.24 | ) | 0.24 | (0.48 | ) | — | (0.48 | ) | 9.61 | |||||||||||||||||||||||
3/31/17 | 9.06 | 0.53 | 0.79 | 1.32 | (0.53 | ) | — | (0.53 | ) | 9.85 | ||||||||||||||||||||||||
3/31/16 | 9.98 | 0.52 | (0.91 | ) | (0.39 | ) | (0.53 | ) | — | (0.53 | ) | 9.06 | ||||||||||||||||||||||
Class W: | 3/31/20 | 9.61 | 0.57 | (1.25 | ) | (0.68 | ) | (0.57 | ) | — | (0.57 | ) | 8.36 | |||||||||||||||||||||
3/31/19 | †† | 9.66 | 0.30 | (0.05 | ) | 0.25 | (0.30 | ) | — | (0.30 | ) | 9.61 | ||||||||||||||||||||||
INFLATION-LINKED BOND FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 11.29 | 0.29 | 0.20 | 0.49 | (0.24 | ) | — | (0.24 | ) | 11.54 | |||||||||||||||||||||||
3/31/19 | 11.28 | 0.24 | 0.05 | 0.29 | (0.28 | ) | — | (0.28 | ) | 11.29 | ||||||||||||||||||||||||
3/31/18 | 11.48 | 0.23 | (0.20 | ) | 0.03 | (0.23 | ) | — | (0.23 | ) | 11.28 | |||||||||||||||||||||||
3/31/17 | 11.53 | 0.27 | (0.14 | ) | 0.13 | (0.18 | ) | — | (0.18 | ) | 11.48 | |||||||||||||||||||||||
3/31/16 | 11.52 | 0.16 | (0.11 | ) | 0.05 | (0.04 | ) | — | (0.04 | ) | 11.53 | |||||||||||||||||||||||
Advisor Class: | 3/31/20 | 11.29 | 0.21 | 0.28 | 0.49 | (0.23 | ) | — | (0.23 | ) | 11.55 | |||||||||||||||||||||||
3/31/19 | 11.28 | 0.16 | 0.12 | 0.28 | (0.27 | ) | — | (0.27 | ) | 11.29 | ||||||||||||||||||||||||
3/31/18 | 11.48 | 0.21 | (0.20 | ) | 0.01 | (0.21 | ) | — | (0.21 | ) | 11.28 | |||||||||||||||||||||||
3/31/17 | 11.53 | 0.30 | (0.18 | ) | 0.12 | (0.17 | ) | — | (0.17 | ) | 11.48 | |||||||||||||||||||||||
3/31/16 | ‡ | 11.24 | (0.04 | ) | 0.37 | 0.33 | (0.04 | ) | — | (0.04 | ) | 11.53 | ||||||||||||||||||||||
Premier Class: | 3/31/20 | 11.26 | 0.28 | 0.20 | 0.48 | (0.22 | ) | — | (0.22 | ) | 11.52 | |||||||||||||||||||||||
3/31/19 | 11.25 | 0.21 | 0.06 | 0.27 | (0.26 | ) | — | (0.26 | ) | 11.26 | ||||||||||||||||||||||||
3/31/18 | 11.45 | 0.22 | (0.21 | ) | 0.01 | (0.21 | ) | — | (0.21 | ) | 11.25 | |||||||||||||||||||||||
3/31/17 | 11.50 | 0.25 | (0.14 | ) | 0.11 | (0.16 | ) | — | (0.16 | ) | 11.45 | |||||||||||||||||||||||
3/31/16 | 11.49 | 0.12 | (0.09 | ) | 0.03 | (0.02 | ) | — | (0.02 | ) | 11.50 | |||||||||||||||||||||||
Retirement Class: | 3/31/20 | 11.36 | 0.28 | 0.19 | 0.47 | (0.20 | ) | — | (0.20 | ) | 11.63 | |||||||||||||||||||||||
3/31/19 | 11.36 | 0.17 | 0.09 | 0.26 | (0.26 | ) | — | (0.26 | ) | 11.36 | ||||||||||||||||||||||||
3/31/18 | 11.56 | 0.21 | (0.21 | ) | — | (0.20 | ) | — | (0.20 | ) | 11.36 | |||||||||||||||||||||||
3/31/17 | 11.61 | 0.24 | (0.14 | ) | 0.10 | (0.15 | ) | — | (0.15 | ) | 11.56 | |||||||||||||||||||||||
3/31/16 | 11.60 | 0.14 | (0.11 | ) | 0.03 | (0.02 | ) | — | (0.02 | ) | 11.61 | |||||||||||||||||||||||
Retail Class: | 3/31/20 | 10.99 | 0.23 | 0.23 | 0.46 | (0.20 | ) | — | (0.20 | ) | 11.25 | |||||||||||||||||||||||
3/31/19 | 11.00 | 0.16 | 0.08 | 0.24 | (0.25 | ) | — | (0.25 | ) | 10.99 | ||||||||||||||||||||||||
3/31/18 | 11.20 | 0.19 | (0.20 | ) | (0.01 | ) | (0.19 | ) | — | (0.19 | ) | 11.00 | ||||||||||||||||||||||
3/31/17 | 11.25 | 0.23 | (0.14 | ) | 0.09 | (0.14 | ) | — | (0.14 | ) | 11.20 | |||||||||||||||||||||||
3/31/16 | 11.24 | 0.14 | (0.12 | ) | 0.02 | (0.01 | ) | — | (0.01 | ) | 11.25 | |||||||||||||||||||||||
Class W: | 3/31/20 | 11.29 | 0.31 | 0.21 | 0.52 | (0.27 | ) | — | (0.27 | ) | 11.54 | |||||||||||||||||||||||
3/31/19 | †† | 11.13 | 0.02 | 0.26 | 0.28 | (0.12 | ) | — | (0.12 | ) | 11.29 |
84 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
continued
Ratios and supplemental data | ||||||||||||||||||||||||||
For the period | Net assets at | Ratios to average net assets | Portfolio | |||||||||||||||||||||||
or year ended | Total return | end of period (in thousands) | Gross expenses | Net expenses | Net investment income (loss) | turnover rate | ||||||||||||||||||||
HIGH-YIELD FUND | ||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | (7.96 | )% | $2,281,685 | 0.36 | % | 0.35 | % | 5.63 | % | 42 | % | ||||||||||||||
3/31/19 | 6.58 | 3,105,793 | 0.36 | 0.36 | 5.86 | 45 | ||||||||||||||||||||
3/31/18 | 2.72 | 2,844,390 | 0.36 | 0.36 | 5.19 | 40 | ||||||||||||||||||||
3/31/17 | 15.24 | 2,417,175 | 0.36 | 0.36 | 5.81 | 52 | ||||||||||||||||||||
3/31/16 | (3.84 | ) | 2,253,957 | 0.36 | 0.36 | 5.86 | 50 | |||||||||||||||||||
Advisor Class: | 3/31/20 | (8.08 | ) | 4,669 | 0.47 | 0.47 | 5.50 | 42 | ||||||||||||||||||
3/31/19 | 6.34 | 13,910 | 0.47 | 0.47 | 5.80 | 45 | ||||||||||||||||||||
3/31/18 | 2.62 | 5,199 | 0.46 | 0.46 | 5.03 | 40 | ||||||||||||||||||||
3/31/17 | 15.17 | 5,133 | 0.43 | 0.43 | 5.55 | 52 | ||||||||||||||||||||
3/31/16 | ‡ | 0.23 | b | 102 | 0.58 | c | 0.51 | c | 6.31 | c | 50 | |||||||||||||||
Premier Class: | 3/31/20 | (8.09 | ) | 19,372 | 0.51 | 0.50 | 5.49 | 42 | ||||||||||||||||||
3/31/19 | 6.41 | 32,528 | 0.51 | 0.51 | 5.54 | 45 | ||||||||||||||||||||
3/31/18 | 2.57 | 130,399 | 0.51 | 0.51 | 5.02 | 40 | ||||||||||||||||||||
3/31/17 | 15.06 | 144,573 | 0.51 | 0.51 | 5.64 | 52 | ||||||||||||||||||||
3/31/16 | (3.87 | ) | 73,106 | 0.51 | 0.51 | 5.80 | 50 | |||||||||||||||||||
Retirement Class: | 3/31/20 | (8.19 | ) | 294,164 | 0.61 | 0.60 | 5.39 | 42 | ||||||||||||||||||
3/31/19 | 6.20 | 385,205 | 0.61 | 0.61 | 5.60 | 45 | ||||||||||||||||||||
3/31/18 | 2.47 | 418,842 | 0.61 | 0.61 | 4.93 | 40 | ||||||||||||||||||||
3/31/17 | 14.95 | 361,397 | 0.61 | 0.61 | 5.55 | 52 | ||||||||||||||||||||
3/31/16 | (3.97 | ) | 248,713 | 0.61 | 0.61 | 5.61 | 50 | |||||||||||||||||||
Retail Class: | 3/31/20 | (8.27 | ) | 268,804 | 0.64 | 0.63 | 5.35 | 42 | ||||||||||||||||||
3/31/19 | 6.17 | 324,373 | 0.63 | 0.63 | 5.55 | 45 | ||||||||||||||||||||
3/31/18 | 2.47 | 623,780 | 0.62 | 0.62 | 4.91 | 40 | ||||||||||||||||||||
3/31/17 | 15.01 | 620,629 | 0.63 | 0.63 | 5.53 | 52 | ||||||||||||||||||||
3/31/16 | (4.06 | ) | 441,569 | 0.63 | 0.63 | 5.55 | 50 | |||||||||||||||||||
Class W: | 3/31/20 | (7.64 | ) | 378,659 | 0.36 | 0.00 | 6.00 | 42 | ||||||||||||||||||
3/31/19 | †† | 2.69 | b | 290,227 | 0.36 | c | 0.00 | c | 6.38 | c | 45 | |||||||||||||||
INFLATION-LINKED BOND FUND | ||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 4.36 | 1,692,282 | 0.26 | 0.24 | 2.56 | 26 | |||||||||||||||||||
3/31/19 | 2.67 | 1,634,250 | 0.26 | 0.26 | 2.12 | 21 | ||||||||||||||||||||
3/31/18 | 0.23 | 2,542,095 | 0.26 | 0.26 | 2.05 | 17 | ||||||||||||||||||||
3/31/17 | 1.12 | 2,163,413 | 0.26 | 0.26 | 2.31 | 28 | ||||||||||||||||||||
3/31/16 | 0.41 | 1,903,233 | 0.27 | 0.27 | 1.45 | 27 | ||||||||||||||||||||
Advisor Class: | 3/31/20 | 4.38 | 141,821 | 0.34 | 0.32 | 1.79 | 26 | |||||||||||||||||||
3/31/19 | 2.52 | 300 | 0.36 | 0.36 | 1.47 | 21 | ||||||||||||||||||||
3/31/18 | 0.12 | 270 | 0.42 | 0.41 | 1.88 | 17 | ||||||||||||||||||||
3/31/17 | 1.08 | 225 | 0.28 | 0.28 | 2.62 | 28 | ||||||||||||||||||||
3/31/16 | ‡ | 2.90 | b | 103 | 0.48 | c | 0.42 | c | (1.16 | )c | 27 | |||||||||||||||
Premier Class: | 3/31/20 | 4.26 | 3,068 | 0.41 | 0.39 | 2.42 | 26 | |||||||||||||||||||
3/31/19 | 2.44 | 3,490 | 0.41 | 0.41 | 1.86 | 21 | ||||||||||||||||||||
3/31/18 | 0.08 | 10,811 | 0.41 | 0.41 | 1.90 | 17 | ||||||||||||||||||||
3/31/17 | 0.97 | 11,361 | 0.41 | 0.41 | 2.20 | 28 | ||||||||||||||||||||
3/31/16 | 0.31 | 10,486 | 0.42 | 0.42 | 1.10 | 27 | ||||||||||||||||||||
Retirement Class: | 3/31/20 | 4.18 | 188,609 | 0.51 | 0.49 | 2.37 | 26 | |||||||||||||||||||
3/31/19 | 2.31 | 222,321 | 0.51 | 0.51 | 1.50 | 21 | ||||||||||||||||||||
3/31/18 | (0.03 | ) | 231,263 | 0.51 | 0.51 | 1.81 | 17 | |||||||||||||||||||
3/31/17 | 0.84 | 235,188 | 0.57 | 0.55 | 2.07 | 28 | ||||||||||||||||||||
3/31/16 | 0.22 | 217,000 | 0.52 | 0.52 | 1.20 | 27 | ||||||||||||||||||||
Retail Class: | 3/31/20 | 4.07 | 149,027 | 0.57 | 0.55 | 2.06 | 26 | |||||||||||||||||||
3/31/19 | 2.32 | 101,245 | 0.58 | 0.58 | 1.46 | 21 | ||||||||||||||||||||
3/31/18 | (0.14 | ) | 110,279 | 0.59 | 0.59 | 1.70 | 17 | |||||||||||||||||||
3/31/17 | 0.83 | 121,954 | 0.58 | 0.58 | 2.03 | 28 | ||||||||||||||||||||
3/31/16 | 0.18 | �� | 125,137 | 0.58 | 0.58 | 1.27 | 27 | |||||||||||||||||||
Class W: | 3/31/20 | 4.67 | 1,252,667 | 0.26 | 0.00 | 2.70 | 26 | |||||||||||||||||||
3/31/19 | †† | 2.56 | b | 1,132,698 | 0.26 | c | 0.00 | c | 0.31 | c | 21 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 85 |
Financial highlights
TIAA-CREF Funds
Selected per share data | ||||||||||||||||||||||||||||||||||
Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||
For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||
period or year ended | value, beginning of period | investment income (loss)a | unrealized gain (loss) on total investments | (loss) from investment operations | Net investment income | Net realized gains | dividends and distributions | value, end of period | ||||||||||||||||||||||||||
SHORT DURATION IMPACT BOND FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | $10.08 | $0.28 | $(0.17 | ) | $0.11 | $(0.28 | ) | $(0.05 | ) | $(0.33 | ) | $ 9.86 | |||||||||||||||||||||
3/31/19 | § | 10.00 | 0.12 | 0.08 | 0.20 | (0.12 | ) | — | (0.12 | ) | 10.08 | |||||||||||||||||||||||
Advisor Class: | 3/31/20 | 10.08 | 0.28 | (0.17 | ) | 0.11 | (0.28 | ) | (0.05 | ) | (0.33 | ) | 9.86 | |||||||||||||||||||||
3/31/19 | § | 10.00 | 0.11 | 0.08 | 0.19 | (0.11 | ) | — | (0.11 | ) | 10.08 | |||||||||||||||||||||||
Premier Class: | 3/31/20 | 10.08 | 0.27 | (0.17 | ) | 0.10 | (0.27 | ) | (0.05 | ) | (0.32 | ) | 9.86 | |||||||||||||||||||||
3/31/19 | § | 10.00 | 0.11 | 0.08 | 0.19 | (0.11 | ) | — | (0.11 | ) | 10.08 | |||||||||||||||||||||||
Retirement Class: | 3/31/20 | 10.08 | 0.25 | (0.16 | ) | 0.09 | (0.26 | ) | (0.05 | ) | (0.31 | ) | 9.86 | |||||||||||||||||||||
3/31/19 | § | 10.00 | 0.11 | 0.08 | 0.19 | (0.11 | ) | — | (0.11 | ) | 10.08 | |||||||||||||||||||||||
Retail Class: | 3/31/20 | 10.08 | 0.25 | (0.17 | ) | 0.08 | (0.25 | ) | (0.05 | ) | (0.30 | ) | 9.86 | |||||||||||||||||||||
3/31/19 | § | 10.00 | 0.11 | 0.08 | 0.19 | (0.11 | ) | — | (0.11 | ) | 10.08 | |||||||||||||||||||||||
SHORT-TERM BOND FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 10.29 | 0.27 | (0.07 | ) | 0.20 | (0.27 | ) | — | (0.27 | ) | 10.22 | ||||||||||||||||||||||
3/31/19 | 10.25 | 0.26 | 0.04 | 0.30 | (0.26 | ) | — | (0.26 | ) | 10.29 | ||||||||||||||||||||||||
3/31/18 | 10.34 | 0.20 | (0.08 | ) | 0.12 | (0.20 | ) | (0.01 | ) | (0.21 | ) | 10.25 | ||||||||||||||||||||||
3/31/17 | 10.34 | 0.19 | — | 0.19 | (0.19 | ) | (0.00 | )d | (0.19 | ) | 10.34 | |||||||||||||||||||||||
3/31/16 | 10.39 | 0.17 | (0.05 | ) | 0.12 | (0.17 | ) | (0.00 | )d | (0.17 | ) | 10.34 | ||||||||||||||||||||||
Advisor Class: | 3/31/20 | 10.29 | 0.26 | (0.08 | ) | 0.18 | (0.26 | ) | — | (0.26 | ) | 10.21 | ||||||||||||||||||||||
3/31/19 | 10.24 | 0.27 | 0.03 | 0.30 | (0.25 | ) | — | (0.25 | ) | 10.29 | ||||||||||||||||||||||||
3/31/18 | 10.34 | 0.20 | (0.09 | ) | 0.11 | (0.20 | ) | (0.01 | ) | (0.21 | ) | 10.24 | ||||||||||||||||||||||
3/31/17 | 10.33 | 0.19 | 0.01 | 0.20 | (0.19 | ) | (0.00 | )d | (0.19 | ) | 10.34 | |||||||||||||||||||||||
3/31/16 | ‡ | 10.31 | 0.05 | 0.02 | 0.07 | (0.05 | ) | (0.00 | )d | (0.05 | ) | 10.33 | ||||||||||||||||||||||
Premier Class: | 3/31/20 | 10.30 | 0.26 | (0.07 | ) | 0.19 | (0.26 | ) | — | (0.26 | ) | 10.23 | ||||||||||||||||||||||
3/31/19 | 10.26 | 0.25 | 0.04 | 0.29 | (0.25 | ) | — | (0.25 | ) | 10.30 | ||||||||||||||||||||||||
3/31/18 | 10.35 | 0.18 | (0.07 | ) | 0.11 | (0.19 | ) | (0.01 | ) | (0.20 | ) | 10.26 | ||||||||||||||||||||||
3/31/17 | 10.35 | 0.17 | — | 0.17 | (0.17 | ) | (0.00 | )d | (0.17 | ) | 10.35 | |||||||||||||||||||||||
3/31/16 | 10.40 | 0.16 | (0.05 | ) | 0.11 | (0.16 | ) | (0.00 | )d | (0.16 | ) | 10.35 | ||||||||||||||||||||||
Retirement Class: | 3/31/20 | 10.30 | 0.25 | (0.07 | ) | 0.18 | (0.25 | ) | — | (0.25 | ) | 10.23 | ||||||||||||||||||||||
3/31/19 | 10.26 | 0.24 | 0.04 | 0.28 | (0.24 | ) | — | (0.24 | ) | 10.30 | ||||||||||||||||||||||||
3/31/18 | 10.35 | 0.17 | (0.07 | ) | 0.10 | (0.18 | ) | (0.01 | ) | (0.19 | ) | 10.26 | ||||||||||||||||||||||
3/31/17 | 10.35 | 0.16 | — | 0.16 | (0.16 | ) | (0.00 | )d | (0.16 | ) | 10.35 | |||||||||||||||||||||||
3/31/16 | 10.40 | 0.15 | (0.05 | ) | 0.10 | (0.15 | ) | (0.00 | )d | (0.15 | ) | 10.35 | ||||||||||||||||||||||
Retail Class: | 3/31/20 | 10.30 | 0.24 | (0.07 | ) | 0.17 | (0.24 | ) | — | (0.24 | ) | 10.23 | ||||||||||||||||||||||
3/31/19 | 10.26 | 0.23 | 0.04 | 0.27 | (0.23 | ) | — | (0.23 | ) | 10.30 | ||||||||||||||||||||||||
3/31/18 | 10.35 | 0.17 | (0.08 | ) | 0.09 | (0.17 | ) | (0.01 | ) | (0.18 | ) | 10.26 | ||||||||||||||||||||||
3/31/17 | 10.34 | 0.16 | 0.01 | 0.17 | (0.16 | ) | (0.00 | )d | (0.16 | ) | 10.35 | |||||||||||||||||||||||
3/31/16 | 10.40 | 0.14 | (0.06 | ) | 0.08 | (0.14 | ) | (0.00 | )d | (0.14 | ) | 10.34 | ||||||||||||||||||||||
Class W: | 3/31/20 | 10.29 | 0.30 | (0.07 | ) | 0.23 | (0.30 | ) | — | (0.30 | ) | 10.22 | ||||||||||||||||||||||
3/31/19 | †† | 10.20 | 0.15 | 0.09 | 0.24 | (0.15 | ) | — | (0.15 | ) | 10.29 |
86 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
continued
Ratios and supplemental data | ||||||||||||||||||||||||||
For the period | Net assets at | Ratios to average net assets | Portfolio | |||||||||||||||||||||||
or year ended | Total return | end of period (in thousands) | Gross expenses | Net expenses | Net investment income (loss) | turnover rate | ||||||||||||||||||||
SHORT DURATION IMPACT BOND FUND | ||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 1.08 | % | $ 22,112 | 1.18 | % | 0.35 | % | 2.77 | % | 103 | % | ||||||||||||||
3/31/19 | § | 1.99 | b | 22,599 | 2.89 | c | 0.35 | c | 3.17 | c | 39 | b | ||||||||||||||
Advisor Class: | 3/31/20 | 1.07 | 986 | 1.18 | 0.35 | 2.77 | 103 | |||||||||||||||||||
3/31/19 | § | 1.93 | b | 1,008 | 3.27 | c | 0.50 | c | 3.01 | c | 39 | b | ||||||||||||||
Premier Class: | 3/31/20 | 0.93 | 986 | 1.34 | 0.50 | 2.62 | 103 | |||||||||||||||||||
3/31/19 | § | 1.93 | b | 1,008 | 3.42 | c | 0.50 | c | 3.01 | c | 39 | b | ||||||||||||||
Retirement Class: | 3/31/20 | 0.83 | 3,260 | 1.43 | 0.60 | 2.51 | 103 | |||||||||||||||||||
3/31/19 | § | 1.90 | b | 1,095 | 3.50 | c | 0.60 | c | 2.91 | c | 39 | b | ||||||||||||||
Retail Class: | 3/31/20 | 0.74 | 1,233 | 1.61 | 0.68 | 2.44 | 103 | |||||||||||||||||||
3/31/19 | § | 1.87 | b | 1,118 | 3.85 | c | 0.68 | c | 2.84 | c | 39 | b | ||||||||||||||
SHORT-TERM BOND FUND | ||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 1.95 | 616,292 | 0.27 | 0.27 | 2.63 | 139 | |||||||||||||||||||
3/31/19 | 2.99 | 902,950 | 0.27 | 0.27 | 2.52 | 118 | ||||||||||||||||||||
3/31/18 | 1.14 | 1,462,512 | 0.27 | 0.27 | 1.95 | 77 | ||||||||||||||||||||
3/31/17 | 1.84 | 1,606,917 | 0.27 | 0.27 | 1.81 | 103 | ||||||||||||||||||||
3/31/16 | 1.18 | 1,282,105 | 0.27 | 0.27 | 1.66 | 93 | ||||||||||||||||||||
Advisor Class: | 3/31/20 | 1.76 | 169,158 | 0.35 | 0.35 | 2.51 | 139 | |||||||||||||||||||
3/31/19 | 3.00 | 7,875 | 0.40 | 0.40 | 2.72 | 118 | ||||||||||||||||||||
3/31/18 | 1.02 | 286 | 0.29 | 0.29 | 1.98 | 77 | ||||||||||||||||||||
3/31/17 | 1.94 | 100 | 0.28 | 0.28 | 1.81 | 103 | ||||||||||||||||||||
3/31/16 | ‡ | 0.72 | b | 100 | 0.50 | c | 0.43 | c | 1.62 | c | 93 | |||||||||||||||
Premier Class: | 3/31/20 | 1.80 | 4,195 | 0.42 | 0.42 | 2.50 | 139 | |||||||||||||||||||
3/31/19 | 2.83 | 8,522 | 0.42 | 0.42 | 2.39 | 118 | ||||||||||||||||||||
3/31/18 | 0.99 | 11,705 | 0.42 | 0.42 | 1.78 | 77 | ||||||||||||||||||||
3/31/17 | 1.69 | 14,966 | 0.42 | 0.42 | 1.66 | 103 | ||||||||||||||||||||
3/31/16 | 1.03 | 11,709 | 0.42 | 0.42 | 1.51 | 93 | ||||||||||||||||||||
Retirement Class: | 3/31/20 | 1.70 | 112,810 | 0.52 | 0.52 | 2.37 | 139 | |||||||||||||||||||
3/31/19 | 2.73 | 110,523 | 0.52 | 0.52 | 2.31 | 118 | ||||||||||||||||||||
3/31/18 | 0.89 | 100,591 | 0.52 | 0.52 | 1.69 | 77 | ||||||||||||||||||||
3/31/17 | 1.59 | 107,016 | 0.52 | 0.52 | 1.57 | 103 | ||||||||||||||||||||
3/31/16 | 0.93 | 97,057 | 0.52 | 0.52 | 1.41 | 93 | ||||||||||||||||||||
Retail Class: | 3/31/20 | 1.65 | 173,174 | 0.57 | 0.57 | 2.31 | 139 | |||||||||||||||||||
3/31/19 | 2.67 | 111,808 | 0.58 | 0.58 | 2.24 | 118 | ||||||||||||||||||||
3/31/18 | 0.84 | 126,010 | 0.57 | 0.57 | 1.65 | 77 | ||||||||||||||||||||
3/31/17 | 1.62 | 130,393 | 0.58 | 0.58 | 1.50 | 103 | ||||||||||||||||||||
3/31/16 | 0.78 | 138,591 | 0.58 | 0.58 | 1.35 | 93 | ||||||||||||||||||||
Class W: | 3/31/20 | 2.22 | 734,717 | 0.27 | 0.00 | 2.90 | 139 | |||||||||||||||||||
3/31/19 | †† | 2.38 | b | 843,472 | 0.27 | c | 0.00 | c | 2.96 | c | 118 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 87 |
Financial highlights
TIAA-CREF Funds
Selected per share data | ||||||||||||||||||||||||||||||||||
Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||||
For the | Net asset | Net | Net realized and | Total gain | Less distributions from | Total | Net asset | |||||||||||||||||||||||||||
period or year ended | value, beginning of period | investment income (loss)a | unrealized gain (loss) on total investments | (loss) from investment operations | Net investment income | Net realized gains | dividends and distributions | value, end of period | ||||||||||||||||||||||||||
SHORT-TERM BOND INDEX FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | $ 9.91 | $0.22 | $ 0.21 | $ 0.43 | $(0.22 | ) | $ — | $(0.22 | ) | $10.12 | |||||||||||||||||||||||
3/31/19 | 9.84 | 0.20 | 0.08 | 0.28 | (0.21 | ) | — | (0.21 | ) | 9.91 | ||||||||||||||||||||||||
3/31/18 | 9.97 | 0.14 | (0.13 | ) | 0.01 | (0.14 | ) | — | (0.14 | ) | 9.84 | |||||||||||||||||||||||
3/31/17 | 10.03 | 0.10 | (0.06 | ) | 0.04 | (0.10 | ) | — | (0.10 | ) | 9.97 | |||||||||||||||||||||||
3/31/16 | ^ | 10.00 | 0.05 | 0.03 | 0.08 | (0.05 | ) | (0.00 | )d | (0.05 | ) | 10.03 | ||||||||||||||||||||||
Advisor Class: | 3/31/20 | 9.91 | 0.21 | 0.21 | 0.42 | (0.21 | ) | — | (0.21 | ) | 10.12 | |||||||||||||||||||||||
3/31/19 | 9.84 | 0.20 | 0.07 | 0.27 | (0.20 | ) | — | (0.20 | ) | 9.91 | ||||||||||||||||||||||||
3/31/18 | 9.97 | 0.13 | (0.13 | ) | — | (0.13 | ) | — | (0.13 | ) | 9.84 | |||||||||||||||||||||||
3/31/17 | 10.03 | 0.10 | (0.06 | ) | 0.04 | (0.10 | ) | — | (0.10 | ) | 9.97 | |||||||||||||||||||||||
3/31/16 | ‡ | 9.97 | 0.02 | 0.06 | 0.08 | (0.02 | ) | (0.00 | )d | (0.02 | ) | 10.03 | ||||||||||||||||||||||
Premier Class: | 3/31/20 | 9.90 | 0.21 | 0.22 | 0.43 | (0.21 | ) | — | (0.21 | ) | 10.12 | |||||||||||||||||||||||
3/31/19 | 9.83 | 0.20 | 0.07 | 0.27 | (0.20 | ) | — | (0.20 | ) | 9.90 | ||||||||||||||||||||||||
3/31/18 | 9.97 | 0.13 | (0.14 | ) | (0.01 | ) | (0.13 | ) | — | (0.13 | ) | 9.83 | ||||||||||||||||||||||
3/31/17 | 10.03 | 0.09 | (0.06 | ) | 0.03 | (0.09 | ) | — | (0.09 | ) | 9.97 | |||||||||||||||||||||||
3/31/16 | ^ | 10.00 | 0.04 | 0.03 | 0.07 | (0.04 | ) | (0.00 | )d | (0.04 | ) | 10.03 | ||||||||||||||||||||||
Retirement Class: | 3/31/20 | 9.91 | 0.19 | 0.22 | 0.41 | (0.20 | ) | — | (0.20 | ) | 10.12 | |||||||||||||||||||||||
3/31/19 | 9.84 | 0.19 | 0.07 | 0.26 | (0.19 | ) | — | (0.19 | ) | 9.91 | ||||||||||||||||||||||||
3/31/18 | 9.97 | 0.12 | (0.13 | ) | (0.01 | ) | (0.12 | ) | — | (0.12 | ) | 9.84 | ||||||||||||||||||||||
3/31/17 | 10.03 | 0.08 | (0.06 | ) | 0.02 | (0.08 | ) | — | (0.08 | ) | 9.97 | |||||||||||||||||||||||
3/31/16 | ^ | 10.00 | 0.04 | 0.03 | 0.07 | (0.04 | ) | (0.00 | )d | (0.04 | ) | 10.03 | ||||||||||||||||||||||
Retail Class: | 3/31/20 | 9.91 | 0.19 | 0.21 | 0.40 | (0.19 | ) | — | (0.19 | ) | 10.12 | |||||||||||||||||||||||
3/31/19 | 9.84 | 0.18 | 0.07 | 0.25 | (0.18 | ) | — | (0.18 | ) | 9.91 | ||||||||||||||||||||||||
3/31/18 | 9.97 | 0.11 | (0.13 | ) | (0.02 | ) | (0.11 | ) | — | (0.11 | ) | 9.84 | ||||||||||||||||||||||
3/31/17 | 10.03 | 0.07 | (0.06 | ) | 0.01 | (0.07 | ) | — | (0.07 | ) | 9.97 | |||||||||||||||||||||||
3/31/16 | ^ | 10.00 | 0.03 | 0.03 | 0.06 | (0.03 | ) | (0.00 | )d | (0.03 | ) | 10.03 | ||||||||||||||||||||||
Class W: | 3/31/20 | 9.91 | 0.23 | 0.21 | 0.44 | (0.23 | ) | — | (0.23 | ) | 10.12 | |||||||||||||||||||||||
3/31/19 | †† | 9.80 | 0.12 | 0.11 | 0.23 | (0.12 | ) | — | (0.12 | ) | 9.91 | |||||||||||||||||||||||
MONEY MARKET FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | |||||||||||||||||||||||
3/31/19 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||
3/31/18 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | ||||||||||||||||||||||||
3/31/17 | 1.00 | 0.00 | d | — | 0.00 | d | (0.00 | )d | — | (0.00 | )d | 1.00 | ||||||||||||||||||||||
3/31/16 | 1.00 | 0.00 | d | — | 0.00 | d | (0.00 | )d | — | (0.00 | )d | 1.00 | ||||||||||||||||||||||
Advisor Class: | 3/31/20 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | |||||||||||||||||||||||
3/31/19 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||
3/31/18 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | ||||||||||||||||||||||||
3/31/17 | 1.00 | 0.00 | d | — | 0.00 | d | (0.00 | )d | — | (0.00 | )d | 1.00 | ||||||||||||||||||||||
3/31/16 | ‡ | 1.00 | 0.00 | d | — | 0.00 | d | (0.00 | )d | — | (0.00 | )d | 1.00 | |||||||||||||||||||||
Premier Class: | 3/31/20 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | |||||||||||||||||||||||
3/31/19 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||
3/31/18 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | ||||||||||||||||||||||||
3/31/17 | 1.00 | 0.00 | d | — | 0.00 | d | (0.00 | )d | — | (0.00 | )d | 1.00 | ||||||||||||||||||||||
3/31/16 | 1.00 | — | — | — | — | — | — | 1.00 | ||||||||||||||||||||||||||
Retirement Class: | 3/31/20 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | |||||||||||||||||||||||
3/31/19 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||
3/31/18 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | ||||||||||||||||||||||||
3/31/17 | 1.00 | 0.00 | d | — | 0.00 | d | (0.00 | )d | — | (0.00 | )d | 1.00 | ||||||||||||||||||||||
3/31/16 | 1.00 | — | — | — | — | — | — | 1.00 | ||||||||||||||||||||||||||
Retail Class: | 3/31/20 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | |||||||||||||||||||||||
3/31/19 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | ||||||||||||||||||||||||
3/31/18 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | ||||||||||||||||||||||||
3/31/17 | 1.00 | 0.00 | d | — | 0.00 | d | (0.00 | )d | — | (0.00 | )d | 1.00 | ||||||||||||||||||||||
3/31/16 | 1.00 | — | — | — | — | — | — | 1.00 |
^ | The Fund commenced operations on August 7, 2015. |
§ | The Fund commenced operations on November 16, 2018. |
‡ | The Advisor Class commenced operations on December 4, 2015. |
†† | Class W commenced operations on September 28, 2018. |
a | Based on average shares outstanding. |
b | The percentages shown for this period are not annualized. |
c | The percentages shown for this period are annualized. |
d | Amount represents less than $0.01 per share. |
f | Does not include in-kind transactions. |
88 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
concluded
Ratios and supplemental data | ||||||||||||||||||||||||||
For the period | Net assets at | Ratios to average net assets | Portfolio | |||||||||||||||||||||||
or year ended | Total return | end of period (in thousands) | Gross expenses | Net expenses | Net investment income (loss) | turnover rate | ||||||||||||||||||||
SHORT-TERM BOND INDEX FUND | ||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 4.41 | % | $ 54,735 | 0.13 | % | 0.12 | % | 2.21 | % | 66 | % | ||||||||||||||
3/31/19 | 2.92 | 43,990 | 0.15 | 0.06 | 2.05 | 61 | ||||||||||||||||||||
3/31/18 | 0.11 | 328,156 | 0.18 | 0.08 | 1.45 | 57 | ||||||||||||||||||||
3/31/17 | 0.44 | 165,909 | 0.25 | 0.12 | 1.05 | 61 | ||||||||||||||||||||
3/31/16 | ^ | 0.85 | b | 106,153 | 0.45 | c | 0.12 | c | 0.85 | c | 53 | b | ||||||||||||||
Advisor Class: | 3/31/20 | 4.25 | 645 | 0.27 | 0.27 | 2.09 | 66 | |||||||||||||||||||
3/31/19 | 2.78 | 868 | 0.29 | 0.23 | 2.08 | 61 | ||||||||||||||||||||
3/31/18 | (0.03 | ) | 496 | 0.38 | 0.22 | 1.32 | 57 | |||||||||||||||||||
3/31/17 | 0.44 | 171 | 0.25 | 0.12 | 1.05 | 61 | ||||||||||||||||||||
3/31/16 | ‡ | 0.85 | b | 101 | 0.67 | c | 0.27 | c | 0.77 | c | 53 | b | ||||||||||||||
Premier Class: | 3/31/20 | 4.25 | 621 | 0.28 | 0.27 | 2.06 | 66 | |||||||||||||||||||
3/31/19 | 2.77 | 636 | 0.31 | 0.24 | 2.02 | 61 | ||||||||||||||||||||
3/31/18 | (0.14 | ) | 643 | 0.34 | 0.23 | 1.28 | 57 | |||||||||||||||||||
3/31/17 | 0.28 | 362 | 0.41 | 0.27 | 0.85 | 61 | ||||||||||||||||||||
3/31/16 | ^ | 0.75 | b | 1,003 | 0.84 | c | 0.27 | c | 0.69 | c | 53 | b | ||||||||||||||
Retirement Class: | 3/31/20 | 4.15 | 83,232 | 0.38 | 0.37 | 1.96 | 66 | |||||||||||||||||||
3/31/19 | 2.66 | 52,082 | 0.40 | 0.34 | 1.96 | 61 | ||||||||||||||||||||
3/31/18 | (0.14 | ) | 26,749 | 0.43 | 0.33 | 1.22 | 57 | |||||||||||||||||||
3/31/17 | 0.19 | 10,687 | 0.50 | 0.37 | 0.80 | 61 | ||||||||||||||||||||
3/31/16 | ^ | 0.69 | b | 4,975 | 0.80 | c | 0.37 | c | 0.63 | c | 53 | b | ||||||||||||||
Retail Class: | 3/31/20 | 4.05 | 3,115 | 0.50 | 0.47 | 1.87 | 66 | |||||||||||||||||||
3/31/19 | 2.56 | 2,652 | 0.58 | 0.44 | 1.84 | 61 | ||||||||||||||||||||
3/31/18 | (0.24 | ) | 1,990 | 0.64 | 0.44 | 1.06 | 57 | |||||||||||||||||||
3/31/17 | 0.13 | 1,935 | 0.55 | 0.42 | 0.73 | 61 | ||||||||||||||||||||
3/31/16 | ^ | 0.62 | b | 1,742 | 1.02 | c | 0.47 | c | 0.50 | c | 53 | b | ||||||||||||||
Class W: | 3/31/20 | 4.53 | 532,333 | 0.13 | 0.00 | 2.33 | 66 | |||||||||||||||||||
3/31/19 | †† | 2.36 | b | 395,924 | 0.14 | c | 0.00 | c | 2.46 | c | 61 | b | ||||||||||||||
MONEY MARKET FUND | ||||||||||||||||||||||||||
Institutional Class: | 3/31/20 | 1.87 | 1,089,417 | 0.13 | 0.13 | 1.83 | — | |||||||||||||||||||
3/31/19 | 1.98 | 704,326 | 0.14 | 0.14 | 1.99 | — | ||||||||||||||||||||
3/31/18 | 0.96 | 487,762 | 0.15 | 0.15 | 0.95 | — | ||||||||||||||||||||
3/31/17 | 0.34 | 458,837 | 0.14 | 0.14 | 0.35 | — | ||||||||||||||||||||
3/31/16 | 0.09 | 339,325 | 0.14 | 0.14 | 0.09 | — | ||||||||||||||||||||
Advisor Class: | 3/31/20 | 1.86 | 1,225 | 0.17 | 0.17 | 1.79 | — | |||||||||||||||||||
3/31/19 | 1.94 | 1,426 | 0.23 | 0.23 | 2.14 | — | ||||||||||||||||||||
3/31/18 | 1.04 | 100 | 0.06 | 0.06 | 1.03 | — | ||||||||||||||||||||
3/31/17 | 0.29 | 100 | 0.19 | 0.19 | 0.29 | — | ||||||||||||||||||||
3/31/16 | ‡ | 0.02 | b | 100 | 0.36 | c | 0.29 | c | 0.08 | c | — | |||||||||||||||
Premier Class: | 3/31/20 | 1.73 | 441,375 | 0.28 | 0.28 | 1.51 | — | |||||||||||||||||||
3/31/19 | 1.83 | 28,209 | 0.29 | 0.28 | 1.82 | — | ||||||||||||||||||||
3/31/18 | 0.80 | 44,548 | 0.29 | 0.29 | 0.82 | — | ||||||||||||||||||||
3/31/17 | 0.19 | 32,044 | 0.29 | 0.29 | 0.19 | — | ||||||||||||||||||||
3/31/16 | 0.00 | 25,222 | 0.29 | 0.24 | — | — | ||||||||||||||||||||
Retirement Class: | 3/31/20 | 1.72 | 330,963 | 0.38 | 0.28 | 1.68 | — | |||||||||||||||||||
3/31/19 | 1.83 | 210,963 | 0.39 | 0.29 | 1.86 | — | ||||||||||||||||||||
3/31/18 | 0.70 | 126,187 | 0.40 | 0.40 | 0.71 | — | ||||||||||||||||||||
3/31/17 | 0.09 | 109,765 | 0.39 | 0.39 | 0.09 | — | ||||||||||||||||||||
3/31/16 | 0.00 | 94,131 | 0.39 | 0.23 | — | — | ||||||||||||||||||||
Retail Class: | 3/31/20 | 1.54 | 332,054 | 0.47 | 0.46 | 1.53 | — | |||||||||||||||||||
3/31/19 | 1.66 | 309,452 | 0.48 | 0.45 | 1.65 | — | ||||||||||||||||||||
3/31/18 | 0.62 | 303,155 | 0.48 | 0.48 | 0.61 | — | ||||||||||||||||||||
3/31/17 | 0.03 | 318,718 | 0.49 | 0.45 | 0.03 | — | ||||||||||||||||||||
3/31/16 | 0.00 | 344,809 | 0.48 | 0.22 | — | — |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 89 |
TIAA-CREF Funds
Note 1—organization and significant accounting policies
TIAA-CREF Funds (the “Trust”) is a Delaware statutory trust that is registered with the U.S. Securities and Exchange Commission (“Commission”) under the Investment Company Act of 1940, as amended (“1940 Act”), as an open-end management investment company. The following are the TIAA-CREF Funds included in this report: Bond Index Fund, Core Bond Fund, Core Impact Bond Fund, Core Plus Bond Fund, 5–15 Year Laddered Tax-Exempt Bond Fund, Green Bond Fund, High-Yield Fund, Inflation-Linked Bond Fund, Short Duration Impact Bond Fund, Short-Term Bond Fund, Short-Term Bond Index Fund, and the Money Market Fund (collectively the “Funds” or individually, the “Fund”). Effective March 1, 2020, Bond Fund, Bond Plus Fund, and Social Choice Bond Fund changed their names to Core Bond Fund, Core Plus Bond Fund, and Core Impact Bond Fund, respectively.
The Funds offer their shares, without a sales load, through their principal underwriter, Nuveen Securities, LLC (“Nuveen Securities”), which is a wholly owned indirect subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”). Prior to September 30, 2019, Teachers Personal Investor Services (“TPIS”) was the distributor of each share class. Effective September 30, 2019, TPIS merged into Nuveen Securities and Nuveen Securities became the distributor of each share class. Teachers Advisors, LLC (“Advisors”), a wholly owned indirect subsidiary of TIAA, is registered with the Commission as an investment adviser and provides investment management services for the Funds. The Funds offer up to six share classes, although any one Fund may not necessarily offer all six classes. The Funds may offer Institutional Class, Advisor Class, Premier Class, Retirement Class, Retail Class and Class W shares. Each class differs by the allocation of class-specific expenses and voting rights in matters affecting a single class. Class W was made available for sale by certain Funds on September 28, 2018 pursuant to an amendment to the Trust’s registration statement filed with the Commission.
The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require the use of estimates made by management and the evaluation of subsequent events. Actual results may differ from those estimates. The Funds are investment companies and follow the accounting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 946,Financial Services—Investment Companies. The Net Asset Value (“NAV”) for financial reporting purposes may differ from the NAV for processing transactions. The NAV for financial reporting purposes includes security and shareholder transactions through the date of the report. Total return is computed based on the NAV used for processing transactions. The following is a summary of the significant accounting policies consistently followed by the Funds.
Other matters: The outbreak of the novel coronavirus (“COVID-19”) and subsequent global pandemic began significantly impacting the U.S. and global financial markets and economies during the quarter ended March 31, 2020. The worldwide spread of COVID-19 has created significant uncertainty in the global
economy. The duration and extent of COVID-19 over the long-term cannot be reasonably estimated at this time. There have been no comparable recent events that provide guidance as to the effect the spread of COVID-19 as a global pandemic may have on the Funds’ financial performance. The ultimate impact of COVID-19 and the extent to which COVID-19 impacts the Funds’ normal course of business, results of operations, investments, and cash flows will depend on future developments, which are highly uncertain and difficult to predict. Management continues to monitor and evaluate this situation.
Security valuation: For all Funds (other than the Money Market Fund), investments in securities are recorded at their estimated fair value as described in the valuation of investments note to the financial statements. Investments held by the Money Market Fund are recorded at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter accreting or amortizing any discount or premium to its face value at a constant rate until maturity.
Investments and investment income: Securities transactions are accounted for as of the trade date for financial reporting purposes. Interest income is recorded as earned and includes accretion of discounts and amortization of premiums using the effective yield method. Dividend income is recorded on the ex-dividend date. Foreign dividend income is recorded on the ex-dividend date or as soon as possible after the Funds determine the existence of a dividend declaration after exercising reasonable due diligence. Realized gains and losses on securities transactions are based upon the specific identification method. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments and/or as a realized gain. The Funds estimate the components of distributions received that may be considered return of capital distributions or capital gain distributions. In many cases, these estimates are based on data from the prior calendar year end.
Income, expenses, realized gains and losses and unrealized appreciation and depreciation of a Fund are allocated on a pro rata basis to each class of shares, except for service agreement fees, distribution fees and transfer agency fees and expenses, which are unique to each class of shares. Most expenses of the Trust can be directly attributed to a fund. Expenses that cannot be directly attributed are allocated to each fund in the Trust based upon the average net assets of each fund.
Foreign currency transactions and translation: Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day using exchange rates obtained from an independent third party. Purchases and sales of securities, income, and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on realized and unrealized security gains and losses is reflected as a component of security gains and losses.
Distributions to shareholders: Distributions to shareholders, which are determined in accordance with income tax regulations, are recorded on the ex-dividend date.
90 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Income taxes: Each Fund is treated separately for income tax purposes. The Funds intend to continue to qualify as regulated investment companies under Subchapter M of the Internal Revenue Code (“Code”) and will not be subject to income taxes to the extent that they distribute all taxable income each year and comply with various other Code requirements. The Funds file income tax returns in U.S. federal and applicable state and local jurisdictions. A fund’s federal income tax returns are generally subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to examination for an additional period of time depending on the jurisdiction. Management has analyzed the Funds’ tax positions taken for all open federal income tax years and has concluded that no provision for federal income tax is required in the Funds’ financial statements.
The timing and character of income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. GAAP. Reclassifications are made to a Fund’s capital accounts for permanent tax differences to reflect income and gains available for distribution (or available capital loss carryforwards) under income tax regulations.
For the period ended March 31, 2020, permanent book and tax differences resulting primarily from differing treatments for foreign currency transactions, distribution reallocations, deflation adjustments on Treasury Inflation-Protected Securities, defaulted securities adjustments, reorganization adjustments, and treatment of notional principal contracts were identified and reclassified among the components of the Funds’ net assets. Net investment income and net realized gains (losses), as disclosed on the Statements of operations, and net assets were not affected by these reclassifications.
Foreign taxes: The Funds may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Funds will accrue such taxes and recoveries as applicable, based upon the current interpretation of tax rules and regulations that exist in the markets in which the Funds invest.
Trustee compensation: The Funds pay the members of the Board of Trustees (“Board”), all of whom are independent, certain remuneration for their services, plus travel and other expenses. Trustees may elect to participate in a deferred compensation plan and defer all or a portion of their compensation. In addition, trustees participate in a long-term compensation plan. Amounts deferred are retained by the Funds until paid. Amounts payable to the trustees for compensation are included separately in the accompanying Statements of assets and liabilities. Trustees’ fees, including any deferred and long-term compensation incurred, are reflected in the Statements of operations.
Indemnification: In the normal course of business, each Fund enters into contracts that contain a variety of representations and warranties and that provide general indemnities. A Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims against the Fund that have not yet occurred. Also, under the Funds’ organizational documents, the trustees and officers of the Funds are indemnified against certain liabilities that may arise out of their duties to the Funds. However, based on experience, the Funds expect the risk of loss due to these warranties and indemnities to be unlikely.
New accounting pronouncements: In March 2020, FASB issued ASU 2020-04,Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The main objective of the new guidance is to provide relief to companies that will be impacted by the expected change in benchmark interest rates at the end of 2021, when participating banks will no longer be required to submit London Interbank Offered Rate (LIBOR) quotes by the UK Financial Conduct Authority (FCA). The new guidance allows companies to, provided the only change to existing contracts are a change to an approved benchmark interest rate, account for modifications as a continuance of the existing contract without additional analysis. In addition, derivative contracts that qualified for hedge accounting prior to modification, will be allowed to continue to receive such treatment, even if critical terms change due to a change in the benchmark interest rate. For new and existing contracts, the Funds may elect to apply the amendments as of March 12, 2020 through December 31, 2022. Management is currently assessing the impact of the ASU’s adoption to the Funds’ financial statements and various filings.
New rule issuances: In October 2016, the Commission issued Final Rule Release No. 33-10233,Investment Company Liquidity Risk Management Programs.This final rule requires Funds to establish a liquidity risk management program and enhances disclosures regarding Funds’ liquidity. The requirements of this final rule were implemented on June 1, 2019 and did not have a material impact on the Funds’ financial statements and various filings.
Fund reorganizations: During the current and prior fiscal periods, the Funds’ Board and shareholders approved the following Fund reorganizations (each the “Reorganization” and collectively, the “Reorganizations”).
The following Reorganizations were effective at the close of business on June 14, 2019:
Target Fund | Acquiring Fund | |
Nuveen Core Bond Fund | à | TIAA-CREF Core Bond Fund |
Nuveen Core Plus Bond Fund | à | TIAA-CREF Core Plus Bond Fund |
Nuveen Inflation Protected Securities Fund | à | TIAA-CREF Inflation-Linked Bond |
Nuveen Short Term Bond Fund | à | TIAA-CREF Short-Term Bond Fund |
Upon the closing of a Reorganization, the Target Funds transferred all of their assets and liabilities to the Acquiring Funds in exchange for Acquiring Fund Shares of equal value. Shares of the Acquiring Funds were then distributed to shareholders of the Target Funds and the Target Funds were terminated. As a result of a Reorganization, shareholders of the Target Funds became shareholders of the Acquiring Funds. The shareholders of the Target Funds received Acquiring Fund shares with a total value equal to the total value of their Target Fund shares immediately prior to the closing of the Reorganization.
For accounting and performance reporting purposes, the Acquiring Fund is the survivor. Details of the Reorganizations are further described in Note 9–Fund reorganizations.
Note 2—valuation of investments
Portfolio investments are valued at fair value utilizing various valuation methods approved by the Board. U.S. GAAP
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 91 |
Notes to financial statements
establishes a hierarchy that prioritizes market inputs to valuation methods. The three levels of inputs are:
• | Level 1 – quoted prices in active markets for identical securities |
• | Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.) |
• | Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments) |
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized as Level 3. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
A description of the valuation techniques applied to the Funds’ major categories of assets and liabilities measured at fair value follows:
Debt securities: Debt securities will generally be valued using prices provided by a pricing service that may employ various indications of value including but not limited to broker-dealer quotations. Certain debt securities, other than money market instruments, are valued based on the most recent bid price or the equivalent quoted yield for such securities (or those of comparable maturity, quality and type). Debt securities are generally categorized as Level 2 of the fair value hierarchy; in instances where prices, yields or any other key inputs are unobservable, they are categorized as Level 3 of the hierarchy.
Exchange-traded equity securities, common and preferred stock:
Equity securities listed or traded on a national market or exchange are valued based on their sale price at the official close of business of such market or exchange on the valuation date, or if there is no official close of business, the latest sale price, or at the mean of the latest available bid and asked prices if no sale is reported. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Foreign equity securities are valued at the last sale price or official closing price reported on the exchange where traded and converted to U.S. dollars at the prevailing rates of exchange on the date of valuation. For events affecting the value of foreign securities between the time when the exchange on which they are traded
closes and the time when the Funds’ net assets are calculated, such securities will be valued at fair value in accordance with procedures adopted by the Board. Foreign securities are generally categorized as Level 2 of the fair value hierarchy.
The Money Market Fund: The Money Market Fund’s portfolio securities are valued on an amortized cost basis. Money Market investments are generally categorized as Level 2 of the fair value hierarchy.
Investments in registered investment companies: These investments are valued at their NAV on the valuation date. These investments are categorized as Level 1 of the fair value hierarchy.
Futures contracts: Stock and bond index futures contracts, which are traded on commodity exchanges, are valued at the last sale price as of the close of such commodity exchanges and are categorized as Level 1 of the fair value hierarchy.
Forward foreign currency contracts: Forward foreign currency contracts are valued using the prevailing forward exchange rate and are categorized as Level 2 of the fair value hierarchy.
Credit default swap contracts: Credit default swap contracts are marked-to-market daily based upon a price supplied by a pricing service. Credit default swaps are generally categorized as Level 2 in the fair value hierarchy.
Unfunded loan commitment: Unfunded loan commitments are marked-to-market daily based upon a price supplied by a pricing service. Unfunded loan commitments are generally categorized as Level 2 of the fair value hierarchy.
Any portfolio security for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued at fair value, as determined in good faith using procedures approved by the Board. To the extent the inputs are observable and timely, the values would be categorized as Level 2 of the fair value hierarchy; otherwise they would be categorized as Level 3.
As of March 31, 2020, 100% of the value of investments in the Bond Index Fund, 5–15 Year Laddered Tax-Exempt Bond Fund, Inflation-Linked Bond Fund, Short Duration Impact Bond Fund, Short-Term Bond Index Fund, and Money Market Fund were valued based on Level 2 inputs.
Transfers between levels are recognized at the end of the reporting period. For the year ended March 31, 2020, the High Yield and Short Duration Impact Bond Funds had material transfers from Level 3 to Level 2 as a result of various market related factors.
The following table summarizes the market value of the Funds’ investments as of March 31, 2020, based on the inputs used to value them:
Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Core Bond | ||||||||||||||||
Bank loan obligations | $ | — | $ | 108,007,182 | $ | 1,862,577 | $ | 109,869,759 | ||||||||
Corporate bonds | — | 2,538,293,499 | 377,270 | 2,538,670,769 | ||||||||||||
Government bonds | — | 1,884,186,432 | 2,499,057 | 1,886,685,489 | ||||||||||||
Structured assets | — | 1,455,966,636 | 2,500,744 | 1,458,467,380 | ||||||||||||
Common stocks | 28,118 | — | — | 28,118 | ||||||||||||
Short-term investments | — | 497,481,697 | — | 497,481,697 | ||||||||||||
Futures contracts** | 15,514 | — | — | 15,514 | ||||||||||||
Forward foreign currency contracts** | — | (35,712 | ) | — | (35,712 | ) | ||||||||||
Credit default swap contracts** | — | 437,364 | — | 437,364 | ||||||||||||
Total | $ | 43,632 | $ | 6,484,337,098 | $ | 7,239,648 | $ | 6,491,620,378 |
92 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
continued
Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Core Impact Bond | ||||||||||||||||
Bank loan obligations | $ | — | $ | 8,283,312 | $ | 1,676,687 | $ | 9,959,999 | ||||||||
Corporate bonds | — | 2,330,649,497 | — | 2,330,649,497 | ||||||||||||
Government bonds | — | 1,956,600,573 | 197,081 | 1,956,797,654 | ||||||||||||
Structured assets | — | 548,276,535 | 1,346,969 | 549,623,504 | ||||||||||||
Preferred stocks | 22,105,840 | — | — | 22,105,840 | ||||||||||||
Short-term investments | — | 129,150,160 | — | 129,150,160 | ||||||||||||
Forward foreign currency contracts** | — | (32,772 | ) | — | (32,772 | ) | ||||||||||
Total | $ | 22,105,840 | $ | 4,972,927,305 | $ | 3,220,737 | $ | 4,998,253,882 | ||||||||
Core Plus Bond | ||||||||||||||||
Bank loan obligations | $ | — | $ | 108,595,838 | $ | 1,153,986 | $ | 109,749,824 | ||||||||
Corporate bonds | — | 1,720,968,491 | 628,460 | 1,721,596,951 | ||||||||||||
Government bonds | — | 1,575,502,364 | 3,711,964 | 1,579,214,328 | ||||||||||||
Structured assets | — | 931,370,608 | 6,990,470 | 938,361,078 | ||||||||||||
Common stocks | 710,334 | — | 1,108 | 711,442 | ||||||||||||
Short-term investments | — | 242,833,144 | — | 242,833,144 | ||||||||||||
Futures contracts** | 454,835 | — | — | 454,835 | ||||||||||||
Forward foreign currency contracts** | — | (49,332 | ) | — | (49,332 | ) | ||||||||||
Total | $ | 1,165,169 | $ | 4,579,221,113 | $ | 12,485,988 | $ | 4,592,872,270 | ||||||||
Green Bond | ||||||||||||||||
Bank loan obligations | $ | — | $ | 427,401 | $ | — | $ | 427,401 | ||||||||
Corporate bonds | — | 14,119,855 | — | 14,119,855 | ||||||||||||
Government bonds | — | 9,984,914 | — | 9,984,914 | ||||||||||||
Structured assets | — | 6,961,249 | — | 6,961,249 | ||||||||||||
Preferred stocks | 611,080 | — | — | 611,080 | ||||||||||||
Short-term investments | — | 436,965 | — | 436,965 | ||||||||||||
Total | $ | 611,080 | $ | 31,930,384 | $ | — | $ | 32,541,464 | ||||||||
High-Yield | ||||||||||||||||
Bank loan obligations | $ | — | $ | 227,738,546 | $ | 3,850,000 | $ | 231,588,546 | ||||||||
Corporate bonds | — | 2,562,869,390 | 4,578,857 | 2,567,448,247 | ||||||||||||
Common stocks | 47,019,732 | — | — | 47,019,732 | ||||||||||||
Short-term investments | — | 330,360,952 | — | 330,360,952 | ||||||||||||
Total | $ | 47,019,732 | $ | 3,120,968,888 | $ | 8,428,857 | $ | 3,176,417,477 | ||||||||
Short-Term Bond | ||||||||||||||||
Bank loan obligations | $ | — | $ | 22,283,708 | $ | — | $ | 22,283,708 | ||||||||
Corporate bonds | — | 601,753,148 | — | 601,753,148 | ||||||||||||
Government bonds | — | 667,317,720 | 234,313 | 667,552,033 | ||||||||||||
Structured assets | — | 507,093,661 | 1 | 507,093,662 | ||||||||||||
Short-term investments | — | 14,317,092 | — | 14,317,092 | ||||||||||||
Futures contracts** | (969,256 | ) | — | — | (969,256 | ) | ||||||||||
Total | $ | (969,256 | ) | $ | 1,812,765,329 | $ | 234,314 | $ | 1,812,030,387 |
** | Derivative instruments are not reflected in the market value of portfolio investments. |
Note 3—derivative instruments
As defined by U.S. GAAP, a derivative is a financial instrument whose value is derived from an underlying security price, foreign exchange rate, interest rate, index of prices or rates, or other variables. Derivatives require little or no initial investment and permit or require net settlement. The Funds value derivatives at fair value.
At March 31, 2020, the following Funds have invested in derivative contracts which are reflected in the Statements of assets and liabilities as follows:
Asset derivatives | Liabilities derivatives | |||||||||||
Fair value | Fair value | |||||||||||
Derivative contracts | Location | amount | Location | amount | ||||||||
Core Bond Fund | ||||||||||||
Interest-rate contracts | Futures contracts* | $ | 15,514 | |||||||||
Foreign-exchange contracts | Forward foreign currency contracts | 16,607 | Forward foreign currency contracts | $ | (52,319 | ) | ||||||
Credit contracts | Credit default swap contracts* | 437,364 | ||||||||||
Core Impact Bond Fund | ||||||||||||
Foreign-exchange contracts | Forward foreign currency contracts | (32,772 | ) | |||||||||
Core Plus Bond Fund | ||||||||||||
Interest-rate contracts | Futures contracts* | 949,913 | Futures contracts* | (495,078 | ) | |||||||
Foreign-exchange contracts | Forward foreign currency contracts | 16,607 | Forward foreign currency contracts | (65,939 | ) | |||||||
Short-Term Bond Fund | ||||||||||||
Interest-rate contracts | Futures contracts* | (969,256 | ) |
* | The fair value presented includes cumulative gain (loss) on open futures contracts and centrally cleared swap contracts; however, the value reflected on the accompanying Statements of assets and liabilities is only the receivable or payable for variation margin on open futures and swap contracts. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 93 |
Notes to financial statements
For the year ended March 31, 2020, the effect of derivative contracts on the Funds’ Statements of operations was as follows:
Change in | ||||||||||
unrealized | ||||||||||
Realized | appreciation | |||||||||
Derivative contracts | Location | gain (loss) | (depreciation) | |||||||
Core Bond Fund | ||||||||||
Interest rate contracts | Futures contracts | $ | — | $ | 15,514 | |||||
Foreign-exchange contracts | Forward foreign currency contracts | — | (35,712 | ) | ||||||
Credit contracts | Swap contracts | 1,753,091 | 1,526,947 | |||||||
Core Impact Bond Fund | ||||||||||
Foreign-exchange contracts | Forward foreign currency contracts | 385,170 | (32,772 | ) | ||||||
Core Plus Bond Fund | ||||||||||
Interest rate contracts | Futures contracts | — | 454,835 | |||||||
Foreign-exchange contracts | Forward foreign currency contracts | — | (49,332 | ) | ||||||
Credit contracts | Swap contracts | 203,031 | 885,038 | |||||||
High-Yield Fund | ||||||||||
Credit contracts | Swap contracts | (2,698,220 | ) | — | ||||||
Inflation-Linked Bond Fund | ||||||||||
Interest rate contracts | Futures contracts | (1,601,252 | ) | 465,471 | ||||||
Short-Term Bond Fund | ||||||||||
Interest rate contracts | Futures contracts | (6,394,156 | ) | 153,520 |
Futures contracts: Certain Funds are subject to interest rate and foreign exchange risk in the normal course of pursuing their investment objectives. The Funds use futures contracts to manage exposure to the bond and foreign exchange markets and to fluctuations in interest and foreign exchange rates. Buying futures contracts tends to increase exposure to the underlying instrument/index, while selling futures contracts tends to decrease exposure to the underlying instrument/index or hedge other investments. Initial margin deposits are made upon entering into a futures contract, and variation margin receipts or payments are settled daily reflecting changes in the value of the futures contracts. Daily changes in the value of such contracts are reflected in net unrealized gains and losses. Gains or losses are realized upon the expiration or closing of the futures contracts or if the counterparties do not perform in accordance with contractual provisions. With futures contracts, there is minimal counterparty credit risk to the Funds since futures contracts are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded funds, guarantees the futures contracts against default. During the year ended March 31, 2020, the Core Bond Fund, Core Plus Bond Fund, Inflation-Linked Bond Fund, and Short-Term Bond Fund had exposure to futures contracts, based on underlying notional values, generally between 0% and 5% of net assets. The futures contracts outstanding as of March 31, 2020 are disclosed in the Summary portfolio of investments and the full Schedules of investments.
Forward foreign currency contracts: Certain Funds are subject to foreign exchange risk in the normal course of pursuing their investment objectives. The Funds use forward foreign currency contracts (“forwards”), including non-deliverable forwards (“NDFs”), to, among other things, hedge portfolio currency risk and to facilitate transactions in securities denominated in foreign currencies. Forwards are over-the-counter (“OTC”) commitments that involve an obligation to purchase or sell a fixed amount of a
specific currency on a future date at a locked exchange rate. NDFs allow hedging of currencies where government regulations restrict foreign access to local currency or the parties want to compensate for risk without a physical exchange of funds. Forwards are marked-to-market daily at the applicable foreign exchange rate, and any resulting unrealized gains or losses are recorded as appreciation or depreciation in the Statements of assets and liabilities. The Funds realize gains and losses at the time the forward is closed. Realized and unrealized gains and losses are included in the Statements of operations. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts; from unanticipated movements in the value of a foreign currency relative to the U.S. dollar; and that losses may exceed amounts recognized on the Statements of assets and liabilities. During the year ended March 31, 2020, the Core Bond Fund, Core Impact Bond Fund, and Core Plus Bond Fund had exposure to forwards, based on underlying notional values, generally between 0% and 1% of net assets. The forward contracts outstanding as of March 31, 2020 are disclosed in the Summary portfolio of investments and the full Schedules of investments.
Credit default swap contracts: Certain Funds are subject to credit risk in the normal course of pursuing their investment objectives. Credit default swaps can be settled either directly with the counterparty (bilateral) or through a central clearinghouse (centrally cleared). A credit default swap is a contract between a buyer and a seller of protection against predefined credit events for the reference entity. As a seller in a credit default swap contract, the Funds are required to pay an agreed upon amount to the counterparty with the occurrence of a specified credit event, such as certain bankruptcies related to an underlying credit instrument, index, or issuer which would likely result in a loss to the Funds. The agreed upon amount approximates the notional value of the swap and is estimated to be the maximum potential future payment that the Funds could be required to make under the contract. In return, the Funds receive from the counterparty a periodic stream of payments over the term of the contract provided that no credit event has occurred. If no credit event occurs, the Funds keep the stream of payments with no payment obligations. When the Funds sell a credit default swap contract it will cover its commitment. This may be achieved by, among other methods, maintaining cash or liquid assets in a segregated account equal to the aggregate notional value of the reference entities for all outstanding credit default swap contracts sold by the Funds.
Certain Funds may also buy credit default swap contracts, in which case the Funds function as the counterparty referenced above. This involves the risk that the contract may expire worthless. Bilateral swaps involve counterparty risk that the seller may fail to satisfy its payment obligations to the Funds with the occurrence of a credit event. Centrally cleared swaps have minimal counterparty credit risk to the Funds as they are entered into with a central clearinghouse which guarantees the swap against default.
The value of a bilateral swap included in net assets is the unrealized gain or loss of the contract plus or minus any unamortized premiums paid or received, respectively. Appreciated swaps and premiums paid are reflected as assets, while depreciated swaps and premiums received are reflected
94 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
continued
as liabilities on the Statements of assets and liabilities. Centrally cleared swaps initial margin deposits are made, and variation margin payments are made or received reflecting daily changes in the value of the swap contract. The daily fluctuation in fair value is accounted for as a variation margin receivable or payable on the Statements of assets and liabilities.
Under the terms of the credit default swap contracts, the Funds receive or make quarterly payments based on a payment rate on a fixed notional amount. These payments are recorded as a realized gain or loss in the Statements of operations. Payments received or made as a result of a credit event or termination of the contract are recognized as realized gains or losses. Daily changes in the value of such contracts are reflected in net unrealized gains and losses.
The Funds (other than the Money Market Fund) invest in credit default swaps to hedge or manage the risks associated with assets held in the Funds and/or to facilitate the implementation of portfolio strategies to seek to increase the total return. During the year ended March 31, 2020, the Core Bond Fund, Core Plus Bond Fund, and High-Yield Fund had exposure to credit default swap contracts, based on underlying notional values, generally between 0% and 1% of net assets. The credit default swap contracts outstanding as of March 31, 2020 are disclosed in the Summary portfolio of investments and the full Schedule of investments.
Note 4—investment adviser and affiliates
Under the terms of the Investment Management Agreement with respect to each Fund, Advisors provides asset management services to the Fund for an annual fee, payable monthly. The Funds have entered into an Administrative Service Agreement with Advisors under which the Funds pay Advisors for its costs in providing certain administrative and compliance services to the Funds.
Under the terms of a Retirement Class Service Agreement with respect to each Fund, the Retirement Class of the Fund incurs an annual fee, payable monthly to Advisors, for certain administrative costs associated with the maintenance of Retirement Class shares on retirement plan or other platforms. Substantially all of the Retirement Class shareholder servicing fees reported on the Statements of operations is paid to Advisors under the Retirement Class Service Agreement. Under the terms of a distribution Rule 12b-1 plan, the Retail Class of each Fund compensated Nuveen Securities for providing distribution, promotional, and/or shareholder services to the Retail Class of the Fund at the annual rate of 0.25% of the average daily net assets attributable to the Fund’s Retail Class. The Premier Class of each Fund is subject to a distribution Rule 12b-1 plan that compensated Nuveen Securities for providing distribution, promotional and/or shareholder services to the Premier Class of the Fund at the annual rate of 0.15% of the average daily net assets attributable to the Fund’s Premier Class.
Advisors has contractually agreed to waive and/or reimburse Class W’s Management fees and Other expenses (excluding interest, taxes, brokerage commissions and other transactional expenses, Acquired fund fees and expenses, Trustee expenses and extraordinary expenses) in their entirety. Advisors expects this waiver and/or reimbursement to remain in effect indefinitely, unless changed or terminated with approval of the Board of Trustees.
Advisors has agreed to reimburse each Fund if its total expense ratio (excluding interest, taxes, brokerage and other transactional expenses, acquired fund fees and expenses and extraordinary expenses) exceeds certain percentages. As of March 31, 2020, the investment management fee, service agreement fee, distribution fee and maximum expense amounts (after waivers and reimbursements) are equal to the following noted annual percentage of average daily net assets for each class:
Investment management fee range | Investment management fee—effective rate | Service agreement fee | Distribution fee | Maximum expense amounts‡ | ||||||||||||||||||||||||||||||||||||||||
Retirement | Premier | Retail | Institutional | Advisor | Premier | Retirement | Retail | Class | ||||||||||||||||||||||||||||||||||||
Fund | Class | Class | Class | Class | Class | Class | Class | Class | W§ | |||||||||||||||||||||||||||||||||||
Bond Index | 0.10 | % | 0.10 | % | 0.25 | % | 0.15 | % | 0.25 | % | 0.13 | % | 0.28 | % | 0.28 | % | 0.38 | % | 0.48 | % | 0.13 | % | ||||||||||||||||||||||
Core Bond* | 0.25–0.30 | 0.28 | 0.25 | 0.15 | 0.25 | 0.35 | 0.50 | 0.50 | 0.60 | 0.70 | 0.35 | |||||||||||||||||||||||||||||||||
Core Impact Bond* | 0.30–0.35 | 0.34 | 0.25 | 0.15 | 0.25 | 0.40 | 0.55 | 0.55 | 0.65 | 0.75 | — | |||||||||||||||||||||||||||||||||
Core Plus Bond* | 0.25–0.30 | 0.28 | 0.25 | 0.15 | 0.25 | 0.35 | 0.50 | 0.50 | 0.60 | 0.70 | 0.35 | |||||||||||||||||||||||||||||||||
5–15 Year Laddered Tax-Exempt Bond* | 0.20–0.25 | 0.25 | — | — | 0.25 | 0.30 | 0.45 | — | — | 0.65 | — | |||||||||||||||||||||||||||||||||
Green Bond* | 0.35–0.40 | 0.40 | 0.25 | 0.15 | 0.25 | 0.45 | 0.60 | 0.60 | 0.70 | a | 0.80 | a | — | |||||||||||||||||||||||||||||||
High-Yield* | 0.30–0.35 | b | 0.34 | 0.25 | 0.15 | 0.25 | 0.39 | 0.54 | 0.54 | 0.64 | 0.74 | 0.39 | ||||||||||||||||||||||||||||||||
Inflation-Linked Bond* | 0.20–0.25 | c | 0.24 | 0.25 | 0.15 | 0.25 | 0.28 | 0.43 | d | 0.43 | 0.53 | 0.63 | 0.28 | |||||||||||||||||||||||||||||||
Short Duration Impact Bond* | 0.25–0.30 | 0.30 | 0.25 | 0.15 | 0.25 | 0.35 | 0.50 | 0.50 | 0.60 | 0.70 | e | — | ||||||||||||||||||||||||||||||||
Short-Term Bond* | 0.20–0.25 | 0.24 | 0.25 | 0.15 | 0.25 | 0.30 | 0.45 | 0.45 | 0.55 | 0.65 | 0.30 | |||||||||||||||||||||||||||||||||
Short-Term Bond Index | 0.07 | 0.07 | 0.25 | 0.15 | 0.25 | 0.12 | 0.27 | 0.27 | 0.37 | 0.47 | 0.12 | |||||||||||||||||||||||||||||||||
Money Market | 0.10 | 0.10 | 0.25 | 0.15 | 0.25 | 0.15 | 0.30 | 0.28 | 0.28 | 0.46 | — |
* | These Funds are subject to a breakpoint schedule on their investment management fees, which reduces these fees as the Fund’s net assets increase. |
‡ | Maximum expense amounts reflect all expenses excluding interest, taxes, brokerage commissions or other transactional expenses, acquired fund fees and expenses and extraordinary expenses. The expense reimbursement arrangements will continue through at least July 31, 2020. The reimbursement arrangements can only be changed with the approval of the Board of Trustees. |
§ | Advisors has contractually agreed to waive and/or reimburse Class W’s Management fees and Other expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, acquired fund fees and expenses, Trustee expenses and extraordinary expenses) in their entirety. Advisors expects this waiver and/or reimbursement to remain in effect indefinitely, unless changed or terminated with approval of the Board of Trustees. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 95 |
Notes to financial statements
a | Effective May 1, 2019, Advisors agreed to voluntarily waive a portion of the expense cap for the Green Bond Fund Retirement and Retail Classes. The expense caps are 0.62% for the Retirement Class and 0.71% for the Retail Class. This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. |
b | Effective May 1, 2019, Advisors agreed to voluntarily waive a portion of the investment management fee for the High-Yield Fund. The investment management fee range after the waiver is 0.29%–0.34% of daily average net assets. This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. |
c | Effective May 1, 2019, Advisors agreed to voluntarily waive a portion of the investment management fee for the Inflation-Linked Bond Fund. The investment management fee range after the waiver is 0.18%–0.23% of daily average net assets. This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. |
d | Effective May 1, 2019, Advisors agreed to voluntarily waive a portion of the expense cap for the Inflation-Linked Bond Fund Advisor Class. The expense cap is 0.35% for the Advisor Class.This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. |
e | Effective May 1, 2019, Advisors agreed to voluntarily waive a portion of the expense cap for the Short Duration Impact Bond Fund Retail Class. The expense cap is 0.68% for the Retail Class. This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. |
The Funds may purchase or sell investment securities in transactions with affiliated entities under procedures adopted by the Board, pursuant to the 1940 Act. These transactions are effected at market rates without incurring broker commissions. For the period ended March 31, 2020, these transactions did not materially impact the Funds.
As of March 31, 2020, a registered separate account of TIAA (collectively, “TIAA Access”) has various sub accounts that invest in the Funds, and certain funds within the Trust also make investments in the Funds.
The following is the percentage of the Funds’ shares owned by TIAA and other funds within the Trust as of March 31, 2020:
TIAA-CREF | TIAA-CREF | |||||||||||||||||||||||||||
TIAA-CREF | Lifecycle Index | TIAA-CREF | Managed | |||||||||||||||||||||||||
Underlying Fund | TIAA | Lifecycle Funds | Funds | Lifestyle Funds | Allocation Fund | TIAA Access | Total | |||||||||||||||||||||
Bond Index | — | % | — | % | 36 | % | — | % | — | % | 1 | % | 37 | % | ||||||||||||||
Core Bond | — | 55 | — | 1 | — | — | 56 | |||||||||||||||||||||
Core Plus Bond | — | 50 | — | 7 | 7 | 3 | 67 | |||||||||||||||||||||
Green Bond | 77 | — | — | — | — | — | 77 | |||||||||||||||||||||
High-Yield | — | 12 | — | — | — | 4 | 16 | |||||||||||||||||||||
Inflation-Linked Bond | — | 21 | 15 | — | — | — | 36 | |||||||||||||||||||||
Short Duration Impact Bond | 86 | — | — | — | — | — | 86 | |||||||||||||||||||||
Short-Term Bond | — | 41 | — | 5 | — | 2 | 48 | |||||||||||||||||||||
Short-Term Bond Index | — | — | 78 | — | — | — | 78 | |||||||||||||||||||||
Money Market | — | — | — | — | — | 2 | 2 |
TIAA-CREF Tuition Financing, Inc. (“TFI”), a wholly owned direct subsidiary of TIAA, is a registered investment adviser that provides program management services to multiple qualified tuition programs formed under Section 529 of the Internal Revenue Code (“529 Plans”). These 529 Plans, each of which operates independently, invest a portion of their assets in the Funds. As of March 31, 2020, two 529 Plans owned 9% and 8%, respectively, of the Bond Index Fund; one 529 Plan owned 6% of the High-Yield Fund; three 529 Plans owned 12%, 10%, and 8%, respectively, of the Inflation-Linked Bond Fund; and one 529 Plan owned 5% of the Short-Term Bond Index Fund.
Note 5—investments
Repurchase agreements: Each Fund may enter into repurchase agreements with banks or broker-dealers. Repurchase agreements involve the purchase of securities from an institution, subject to the seller’s agreement to repurchase and the Fund’s agreement to resell such securities at a mutually agreed-upon price. Pursuant to the terms of the repurchase agreement, securities purchased subject to repurchase agreements must have an aggregate market value greater than or equal to the agreed-upon repurchase price plus accrued interest at all times. If the value of the underlying securities falls below the value of the repurchase price plus accrued interest, the Fund will require the seller to deposit additional collateral by the next business day. If a request for additional collateral is not met, or if the seller defaults on its repurchase obligation, the Fund maintains the right to sell the underlying securities at market value and pursue a claim for any remaining loss against the seller.
Securities purchased on a when-issued or delayed-delivery basis:
The Funds may purchase securities on a when-issued or delayed-delivery basis. Securities purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after trade date; interest income is not accrued until settlement date. At the time a Fund enters into such transactions, it is
required to have segregated assets with a current value at least equal to the amount of its when-issued or delayed-delivery purchase commitments. Amounts receivable and/or payable for these transactions are reflected separately in the Statements of assets and liabilities.
Treasury Inflation-Protected Securities: The Funds (other than the Money Market Fund) may invest in Treasury Inflation-Protected Securities, specially structured bonds in which the principal amount is adjusted periodically to keep pace with inflation, as measured by the U.S. Consumer Price Index. The adjustments for interest income due to inflation or deflation are reflected in interest income in the Statements of operations.
Mortgage dollar roll transactions: Some of the Funds may enter into mortgage dollar rolls in which a Fund sells mortgage securities for delivery in the current month, realizing a gain (loss), and simultaneously contracts to repurchase similar securities on a specified future date. During the roll period, a Fund forgoes principal and interest paid on the securities. The Fund is compensated by the interest earned on the cash proceeds of the initial sale and by the lower repurchase price at the future date. The difference between the sales proceeds and the lower repurchase price is recorded as a realized gain. The Fund maintains a segregated account, the dollar value of which is at least equal to its obligations with respect to dollar rolls.
96 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
continued
Restricted securities: Restricted securities held by the Funds, if any, may not be sold except in exempt transactions or in a public offering registered under the Securities Act of 1933, as amended. The risk of investing in such securities is generally greater than the risk of investing in securities that are widely held and publicly traded.
Unfunded loan commitment: Pursuant to the terms of certain loan agreements, the Funds may have unfunded loan commitments. Unfunded commitments are contractual obligations pursuant to which a Fund agrees to invest in a loan at a future date. Each Fund segregates short-term securities or
cash having an aggregate value at least equal to the amount of unfunded loan commitments. If a Fund has unfunded commitments as of the end of the reporting period, such amounts are recognized on the Statements of assets and liabilities as “Payable for unfunded loan commitments”.
Net unrealized appreciation (depreciation): At March 31, 2020, net unrealized appreciation (depreciation) based on the aggregate cost of all investments for federal income tax purposes, consisting of gross unrealized appreciation and gross unrealized depreciation, was as follows:
Fund | Tax cost | Gross unrealized appreciation | Gross unrealized (depreciation) | Net unrealized appreciation (depreciation) | ||||||||||||
Bond Index | $ | 15,412,143,807 | $ | 1,084,579,387 | $ | (112,411,328 | ) | $ | 972,168,059 | |||||||
Core Bond | 6,442,421,811 | 261,452,388 | (212,253,822 | ) | 49,198,566 | |||||||||||
Core Impact Bond | 4,992,951,973 | 148,621,993 | (143,320,084 | ) | 5,301,909 | |||||||||||
Core Plus Bond | 4,653,208,717 | 157,058,274 | (217,394,721 | ) | (60,336,447 | ) | ||||||||||
5–15 Year Laddered Tax-Exempt Bond | 260,154,163 | 8,023,614 | (4,761,317 | ) | 3,262,297 | |||||||||||
Green Bond | 32,471,167 | 1,159,748 | (1,089,451 | ) | 70,297 | |||||||||||
High-Yield | 3,605,562,226 | 24,309,176 | (453,453,925 | ) | (429,144,749 | ) | ||||||||||
Inflation-Linked Bond | 3,341,180,546 | 108,954,065 | (11,894,373 | ) | 97,059,692 | |||||||||||
Short Duration Impact Bond | 28,853,585 | 476,539 | (946,429 | ) | (469,890 | ) | ||||||||||
Short-Term Bond | 1,836,082,290 | 22,736,490 | (46,788,394 | ) | (24,051,904 | ) | ||||||||||
Short-Term Bond Index | 662,054,255 | 15,688,221 | (2,105,270 | ) | 13,582,951 |
For purposes of this disclosure, tax cost generally includes the cost of portfolio investments as well as up-front fees or premiums exchanged on derivatives and any amounts unrealized for income statement reporting but realized in income and/or capital gains for tax reporting.
Purchases and sales: Purchases and sales of securities (other than short-term instruments) for all of the Funds for the year ended March 31, 2020 were as follows:
Fund | Non-U.S. government purchases | U.S. government purchases | Non-U.S. government sales | U.S. government sales | ||||||||||||
Bond Index | $ | 2,416,448,828 | $ | 7,860,851,684 | $ | 763,707,121 | $ | 4,398,471,583 | ||||||||
Core Bond | 2,927,284,652 | 6,495,208,690 | 1,791,088,119 | 7,093,490,266 | ||||||||||||
Core Impact Bond | 2,900,023,890 | 3,769,710,746 | 1,098,954,899 | 3,659,346,581 | ||||||||||||
Core Plus Bond | 1,993,612,290 | 2,878,197,544 | 1,199,584,736 | 3,093,794,592 | ||||||||||||
5–15 Year Laddered Tax-Exempt Bond | 68,896,445 | — | 57,427,153 | — | ||||||||||||
Green Bond | 18,024,063 | 903,063 | 10,269,214 | 903,414 | ||||||||||||
High-Yield | 1,492,103,624 | 10,950,236 | 2,152,220,520 | 10,950,000 | ||||||||||||
Inflation-Linked Bond | 1,265,898 | 1,037,789,654 | 4,089,035 | 862,062,276 | ||||||||||||
Short Duration Impact Bond | 19,000,226 | 12,081,398 | 16,300,736 | 12,313,306 | ||||||||||||
Short-Term Bond | 1,012,166,340 | 1,952,927,592 | 851,537,654 | 2,021,322,589 | ||||||||||||
Short-Term Bond Index | 123,086,098 | 440,757,061 | 78,000,592 | 321,141,544 |
Note 6—distributions to shareholders and other tax items
The tax character of distributions paid to shareholders during the years ended March 31, 2020 and March 31, 2019 was as follows:
3/31/2020 | 3/31/2019 | |||||||||||||||||||||||
Fund | Ordinary income | Long-term capital gains | Total | Ordinary income | Long-term capital gains | Total | ||||||||||||||||||
Bond Index | $ | 426,960,742 | $ | — | $ | 426,960,742 | $ | 289,866,030 | $ | — | $ | 289,866,030 | ||||||||||||
Core Bond | 203,596,231 | — | 203,596,231 | 178,912,825 | — | 178,912,825 | ||||||||||||||||||
Core Impact Bond | 141,039,553 | 2,331,063 | 143,370,616 | 75,489,282 | — | 75,489,282 | ||||||||||||||||||
Core Plus Bond | 148,054,559 | — | 148,054,559 | 141,531,779 | — | 141,531,779 | ||||||||||||||||||
5–15 Year Laddered Tax-Exempt Bond* | 6,414,050 | 300,993 | 6,715,043 | 6,116,362 | 260,083 | 6,376,445 | ||||||||||||||||||
Green Bond | 1,205,000 | — | 1,205,000 | 350,054 | — | 350,054 | ||||||||||||||||||
High-Yield | 212,704,986 | — | 212,704,986 | 232,468,321 | — | 232,468,321 | ||||||||||||||||||
Inflation-Linked Bond | 72,093,009 | — | 72,093,009 | 75,659,782 | — | 75,659,782 | ||||||||||||||||||
Short Duration Impact Bond | 908,482 | — | 908,482 | 300,384 | — | 300,384 | ||||||||||||||||||
Short-Term Bond | 57,680,033 | — | 57,680,033 | 46,364,386 | — | 46,364,386 | ||||||||||||||||||
Short-Term Bond Index | 13,803,727 | — | 13,803,727 | 9,265,494 | — | 9,265,494 | ||||||||||||||||||
Money Market | 25,742,822 | — | 25,742,822 | 19,952,390 | — | 19,952,390 |
* | Includes ordinary income which will not be taxable for federal income tax purposes in 2020 and 2019 of $5,957,902 and $5,959,658, respectively. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 97 |
Notes to financial statements
As of March 31, 2020, the components of accumulated earnings on a tax basis were as follows:
Fund | Undistributed (overdistributed) ordinary income | Undistributed (overdistributed) long-term capital gains | Unrealized appreciation (depreciation) | Capital loss carryover | Total | |||||||||||||||
Bond Index | $ | 39,359,259 | $ | 17,464,974 | $ | 972,168,059 | $ | — | $ | 1,028,992,292 | ||||||||||
Core Bond | 44,085,165 | 20,814,528 | 49,191,773 | — | 114,091,466 | |||||||||||||||
Core Impact Bond | 18,631,715 | 14,929,143 | 5,301,712 | — | 38,862,570 | |||||||||||||||
Core Plus Bond | 16,885,415 | 15,893,374 | (60,343,116 | ) | — | (27,564,327 | ) | |||||||||||||
5–15 Year Laddered Tax-Exempt Bond | 87,014 | 836,459 | 3,262,297 | — | 4,185,770 | |||||||||||||||
Green Bond | 93,218 | 66,727 | 70,297 | — | 230,242 | |||||||||||||||
High-Yield | 3,013,345 | — | (429,144,749 | ) | (211,172,851 | ) | (637,304,255 | ) | ||||||||||||
Inflation-Linked Bond | 7,924,295 | — | 97,059,692 | (11,020,727 | ) | 93,963,260 | ||||||||||||||
Short Duration Impact Bond | 56,477 | 27,643 | (469,890 | ) | — | (385,770 | ) | |||||||||||||
Short-Term Bond | 2,740,941 | — | (24,051,903 | ) | (3,390,735 | ) | (24,701,697 | ) | ||||||||||||
Short-Term Bond Index | 988,139 | — | 13,582,951 | (1,312,706 | ) | 13,258,384 | ||||||||||||||
Money Market | 55,158 | — | — | — | 55,158 |
The difference between book basis and tax basis net investment income, net realized gains and losses, and unrealized appreciation and depreciation is attributable primarily to the tax deferral of losses on wash sales, the tax deferral of straddle losses, the tax deferral of deflationary adjustments associated with Treasury Inflation-Protected Securities, and the treatment of short term gain as ordinary income for tax purposes.
In certain circumstances, a fund may distribute portfolio securities rather than cash as payment for a redemption of fund shares (in-kind redemption). A fund may also accept portfolio securities rather than cash as payment for a purchase of fund shares (in-kind purchase). During the year ended March 31, 2020, the Core Impact Bond and Core Plus Bond Funds had in-kind purchase transactions of $155,698,857 and $21,529,562, respectively, and shares of 14,456,718 and 2,033,009, respectively.
At March 31, 2020, the following Funds had capital loss carryovers, which will not expire:
Fund | Short-term | Long-term | Total | |||||||||
High-Yield | $ | 44,199,694 | $ | 166,973,157 | $ | 211,172,851 | ||||||
Inflation-Linked Bond* | 1,074,643 | 9,946,084 | 11,020,727 | |||||||||
Short-Term Bond* | — | 3,390,735 | 3,390,735 | |||||||||
Short-Term Bond Index | 484,930 | 827,776 | 1,312,706 |
* | A portion of Inflation-Linked Bond and Short-Term Bond Funds’ capital loss carryforward are subject to an annual limitation under the Internal Revenue Code and related regulations. |
For the year ended March 31, 2020, the Bond Index, Core Bond, Core Impact Bond, Core Plus Bond, Short-Term Bond, Short-Term Bond Index, and Money Market Funds utilized $38,027,609, $60,827,219, $11,312,913, $66,280,670, $15,880,256, $1,479,859, and $667 of their capital loss carryover available. The capital loss carryover for the Bond Index, Core Bond, Core Impact Bond, Core Plus Bond, and Money Market Funds were reduced to zero as a result of this utilization.
Note 7—inter-fund lending program
Pursuant to an exemptive order issued by the Commission, the Funds may participate in an inter-fund lending program. This program allows the Funds to lend cash to and/or borrow cash from certain other affiliated Funds for temporary purposes, (e.g., to satisfy redemption requests or to cover unanticipated cash shortfalls). The program is subject to a number of conditions,
including the requirement that no Fund may borrow or lend money under the program unless it receives a more favorable interest rate than is available from a bank or other financial institution for a comparable transaction. In addition, a Fund may participate in the program only if its participation is consistent with the Fund’s investment policies and limitations and authorized by its portfolio manager(s). During the year ended March 31, 2020, there were no inter-fund borrowing or lending transactions.
Note 8—line of credit
Each of the Funds, except the Money Market Fund, participates in a $1 billion unsecured revolving credit facility that can be used for temporary purposes, including, without limitation, the funding of shareholder redemptions. The current facility was entered into on June 18, 2019 expiring on June 16, 2020, replacing the previous $1.25 billion facility, which expired June 2019. Certain affiliated accounts and mutual funds, each of which is managed by Advisors, or an affiliate of Advisors, also participate in this facility. An annual commitment fee for the credit facility is borne by the participating accounts and mutual funds on a pro rata basis. Interest associated with any borrowing under the facility is charged to the borrowing accounts or mutual funds at a specified rate of interest. The Funds are not liable for borrowings under the facility by other affiliated accounts or mutual funds. For the year ended March 31, 2020, there were no borrowings under this credit facility by the Funds.
Note 9—Fund reorganizations
The Reorganizations, as previously described in Note 1—organization and significant accounting policies, Fund reorganizations, were structured to qualify as a tax-free reorganization under the Code for federal income tax purposes, and each Target Fund’s shareholder will recognize no gain or loss for federal income tax purposes as a result. Prior to the closing of each Reorganization, the Target Funds each distributed all of its net investment income and capital gains, if any. Such distribution may be taxable to each Target Fund’s shareholders for federal income tax purposes.
98 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
continued
Investments of Target Funds
The cost, fair value and net unrealized appreciation (depreciation) of the investments of each Target Fund as of the date of each Reorganization were as follows:
Nuveen Core Bond | Nuveen Core Plus Bond | Nuveen Inflation Protected Securities | Nuveen Short Term Bond | ||||||||||
Cost of investments | $ | 119,986,855 | $ | 315,356,588 | $ | 461,570,451 | $ | 399,305,931 | |||||
Fair value of investments | 123,932,923 | 322,648,663 | 463,804,424 | 402,363,795 | |||||||||
Net unrealized appreciation (depreciation) of investments | 3,946,068 | 7,292,075 | 2,233,973 | 3,057,864 |
For financial reporting purposes, assets received and shares issued by each Acquiring Fund were recorded at fair value; however, the cost basis of the investments received from each Target Fund was carried forward to align ongoing reporting of each Acquiring Fund’s realized and unrealized gains and losses with amounts distributable to shareholders for tax purposes.
Share transactions
For accounting and performance reporting purposes, each Acquiring Fund is the survivor. The shares outstanding, net assets and NAV per share immediately prior to and after the Reorganizations are as follows:
Target Funds – Prior to the Reorganizations | Shares Outstanding | Net Assets | NAV per Share | |||||||||
Nuveen Core Bond Fund | ||||||||||||
Class A | 1,623,290 | $ | 15,979,479 | $ | 9.84 | |||||||
Class C | 179,774 | 1,763,856 | 9.81 | |||||||||
Class R6 | 6,130,555 | 60,267,084 | 9.83 | |||||||||
Class I | 5,014,021 | 49,145,762 | 9.80 | |||||||||
Nuveen Core Plus Bond Fund | ||||||||||||
Class A | 4,437,174 | $ | 48,899,478 | $ | 11.02 | |||||||
Class C | 427,870 | 4,694,797 | 10.97 | |||||||||
Class R3 | 93,368 | 1,033,951 | 11.07 | |||||||||
Class R6 | 6,630,631 | 73,135,009 | 11.03 | |||||||||
Class I | 18,256,631 | 200,871,634 | 11.00 | |||||||||
Nuveen Inflation Protected Securities Fund | ||||||||||||
Class A | 4,959,680 | $ | 54,610,989 | $ | 11.01 | |||||||
Class C | 364,393 | 3,933,539 | 10.79 | |||||||||
Class R3 | 466,508 | 5,085,084 | 10.90 | |||||||||
Class R6 | 7,187,149 | 80,898,466 | 11.26 | |||||||||
Class I | 31,124,257 | 347,105,669 | 11.15 | |||||||||
Nuveen Short Term Bond Fund | ||||||||||||
Class A | 7,915,615 | $ | 78,339,430 | $ | 9.90 | |||||||
Class C | 1,376,917 | 13,699,245 | 9.95 | |||||||||
Class R3 | 13,245 | 131,496 | 9.93 | |||||||||
Class R6 | 5,908,412 | 58,675,190 | 9.93 | |||||||||
Class I | 26,275,817 | 260,350,375 | 9.91 |
Acquiring Funds – Prior to the Reorganizations | Shares Outstanding | Net Assets | NAV per Share | |||||||||
TIAA-CREF Core Bond Fund | ||||||||||||
Institutional | 148,129,058 | $ | 1,548,091,675 | $ | 10.45 | |||||||
Advisor | 91,150,824 | 953,313,419 | 10.46 | |||||||||
Premier | 1,427,157 | 14,923,682 | 10.46 | |||||||||
Retirement | 18,522,664 | 197,139,418 | 10.64 | |||||||||
Retail | 8,904,143 | 94,681,727 | 10.63 | |||||||||
Class W | 344,048,299 | 3,596,048,466 | 10.45 | |||||||||
TIAA-CREF Core Plus Bond Fund | ||||||||||||
Institutional | 117,480,741 | $ | 1,232,760,134 | $ | 10.49 | |||||||
Advisor | 3,662,981 | 38,470,488 | 10.50 | |||||||||
Premier | 1,070,747 | 11,234,590 | 10.49 | |||||||||
Retirement | 41,586,713 | 436,935,169 | 10.51 | |||||||||
Retail | 24,666,337 | 259,338,079 | 10.51 | |||||||||
Class W | 222,999,502 | 2,340,030,250 | 10.49 | |||||||||
TIAA-CREF Inflation-Linked Bond Fund | ||||||||||||
Institutional | 139,082,613 | $ | 1,582,984,689 | $ | 11.38 | |||||||
Advisor | 31,824 | 362,274 | 11.38 | |||||||||
Premier | 272,235 | 3,093,114 | 11.36 | |||||||||
Retirement | 18,918,036 | 216,949,727 | 11.47 | |||||||||
Retail | 9,758,673 | 108,282,527 | 11.10 | |||||||||
Class W | 99,994,478 | 1,138,033,192 | 11.38 | |||||||||
TIAA-CREF Short-Term Bond Fund | ||||||||||||
Institutional | 75,198,114 | $ | 778,273,490 | $ | 10.35 | |||||||
Advisor | 812,731 | 8,409,254 | 10.35 | |||||||||
Premier | 576,585 | 5,973,124 | 10.36 | |||||||||
Retirement | 12,277,256 | 127,222,648 | 10.36 | |||||||||
Retail | 10,622,738 | 110,033,866 | 10.36 | |||||||||
Class W | 85,894,308 | 889,002,734 | 10.35 | |||||||||
Acquiring Funds – After the Reorganizations | Shares Outstanding | Net Assets | NAV per Share | |||||||||
TIAA-CREF Core Bond Fund | ||||||||||||
Institutional | 153,895,687 | $ | 1,608,358,760 | $ | 10.45 | |||||||
Advisor | 95,849,917 | 1,002,459,181 | 10.46 | |||||||||
Premier | 1,427,157 | 14,923,682 | 10.46 | |||||||||
Retirement | 18,522,664 | 197,139,418 | 10.64 | |||||||||
Retail | 10,572,787 | 112,425,061 | 10.63 | |||||||||
Class W | 344,048,299 | 3,596,048,466 | 10.45 | |||||||||
TIAA-CREF Core Plus Bond Fund | ||||||||||||
Institutional | 124,450,445 | $ | 1,305,895,143 | $ | 10.49 | |||||||
Advisor | 22,789,116 | 239,342,122 | 10.50 | |||||||||
Premier | 1,070,747 | 11,234,590 | 10.49 | |||||||||
Retirement | 41,586,713 | 436,935,169 | 10.51 | |||||||||
Retail | 29,862,192 | 313,966,305 | 10.51 | |||||||||
Class W | 222,999,502 | 2,340,030,250 | 10.49 | |||||||||
TIAA-CREF Inflation-Linked Bond Fund | ||||||||||||
Institutional | 146,190,449 | $ | 1,663,883,155 | $ | 11.38 | |||||||
Advisor | 30,523,141 | 347,467,943 | 11.38 | |||||||||
Premier | 272,235 | 3,093,114 | 11.36 | |||||||||
Retirement | 18,918,036 | 216,949,727 | 11.47 | |||||||||
Retail | 15,493,141 | 171,912,139 | 11.10 | |||||||||
Class W | 99,994,478 | 1,138,033,192 | 11.38 | |||||||||
TIAA-CREF Short-Term Bond Fund | ||||||||||||
Institutional | 80,867,440 | $ | 836,948,680 | $ | 10.35 | |||||||
Advisor | 25,974,983 | 268,759,629 | 10.35 | |||||||||
Premier | 576,585 | 5,973,124 | 10.36 | |||||||||
Retirement | 12,277,255 | 127,222,647 | 10.36 | |||||||||
Retail | 19,520,914 | 202,204,037 | 10.36 | |||||||||
Class W | 85,894,308 | 889,002,734 | 10.35 |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 99 |
Notes to financial statements | concluded |
Pro forma results of operations (unaudited)
The beginning of the current fiscal period for the Nuveen Core Bond Fund, Nuveen Core Plus Bond Fund, Nuveen Inflation Protected Securities Fund, and Nuveen Short Term Bond Fund was July 1, 2018. Assuming the Reorganizations had been completed on April 1, 2019, the beginning of the Acquiring Funds’ current fiscal period, the pro forma results of operations for the current fiscal period are as follows:
Pro forma results | Core Bond Fund | Core Plus Bond Fund | Inflation- Linked Bond Fund | Short-Term Bond Fund | ||||||||||||
Net investment income (loss) | $ | 206,921,144 | $ | 153,237,922 | $ | 93,950,972 | $ | 59,654,664 | ||||||||
Net realized and unrealized gain (loss) on total investments | 127,616,289 | 18,146,548 | 66,622,069 | (4,377,909 | ) | |||||||||||
Net increase (decrease) in net assets from operations | $ | 334,537,433 | $ | 171,384,470 | $ | 160,573,041 | $ | 55,276,755 |
Because the combined investment portfolios for the Reorganizations have been managed as a single integrated portfolio since the Reorganizations were completed, it is not practicable to separate the amounts of revenue and earnings of the Target Funds that have been included in the Statements of operations for the Acquiring Funds since the Reorganizations were consummated.
Note 10—subsequent event
On May 6, 2020, Nuveen Securities began waiving a portion of distribution Rule 12b-1 Plan expenses for the Retail Class of the TIAA-CREF Money Market Fund. These waivers are voluntary in nature and can be discontinued at any time.
Advisors has agreed to implement voluntary waivers reducing the management fee breakpoint schedules for several Funds for one year effective May 1, 2020. These waivers are voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. During this one-year period the range paid to Advisors is as follows:
Fund | Waiver | Investment management fee range | ||||||
High-Yield | 0.015 | % | 0.285–0.335 | % | ||||
Inflation-Linked Bond | 0.020 | 0.180–0.230 | ||||||
Also, Advisors has agreed to implement voluntary waivers reducing the expense cap for several Funds for one year effective May 1, 2020. These waivers are voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval. During this one-year period, the expense cap after the waiver for each Fund is as follows:
Fund | Waiver | Maximum expense amounts | ||||||
Green Bond – Premier Class | 0.060 | % | 0.540 | % | ||||
Green Bond – Retirement Class | 0.160 | 0.540 | ||||||
Green Bond – Retail Class | 0.070 | 0.730 | ||||||
Short Duration Impact Bond – Retail Class | 0.115 | 0.585 | ||||||
Money Market – Premier Class | 0.030 | 0.270 | ||||||
Money Market – Retirement Class | 0.130 | 0.270 | ||||||
Money Market – Retail Class | 0.070 | 0.430 | ||||||
100 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Report of independent registered public accounting firm
To the Board of Trustees of TIAA-CREF Funds and Shareholders of TIAA-CREF Bond Index Fund, TIAA-CREF Core Bond Fund (Formerly TIAA-CREF Bond Fund), TIAA-CREF Core Impact Bond Fund (Formerly TIAA-CREF Social Choice Bond Fund), TIAA-CREF Core Plus Bond Fund (Formerly TIAA-CREF Bond Plus Fund), TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund, TIAA-CREF Green Bond Fund, TIAA-CREF High-Yield Fund, TIAA-CREF Inflation-Linked Bond Fund, TIAA-CREF Short Duration Impact Bond Fund, TIAA-CREF Short-Term Bond Fund, TIAA-CREF Short-Term Bond Index Fund, and TIAA-CREF Money Market Fund
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the summary portfolios of investments, of TIAA-CREF Bond Index Fund, TIAA-CREF Core Bond Fund (Formerly TIAA-CREF Bond Fund), TIAA-CREF Core Impact Bond Fund (Formerly TIAA-CREF Social Choice Bond Fund), TIAA-CREF Core Plus Bond Fund (Formerly TIAA-CREF Bond Plus Fund), TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund, TIAA-CREF Green Bond Fund, TIAA-CREF High-Yield Fund, TIAA-CREF Short Duration Impact Bond Fund, TIAA-CREF Short-Term Bond Fund, TIAA-CREF Short-Term Bond Index Fund, and TIAA-CREF Money Market Fund, and the portfolio of investments, of TIAA-CREF Inflation-Linked Bond Fund (twelve of the funds constituting TIAA-CREF Funds hereafter collectively referred to as the “Funds”) as of March 31, 2020, the related statements of operations and of changes in net assets for each of the periods indicated in the table below, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of March 31, 2020, the results of each of their operations and the changes in each of their net assets for each of the periods indicated in the table below, and each of the financial highlights for each of the periods indicated therein, in conformity with accounting principles generally accepted in the United States of America.
TIAA-CREF Bond Index Fund(1) | TIAA-CREF High-Yield Fund(1) |
TIAA-CREF Core Bond Fund(1) (Formerly TIAA-CREF Bond Fund) | TIAA-CREF Inflation-Linked Bond Fund(1) |
TIAA-CREF Core Impact Bond Fund(1) (Formerly TIAA-CREF Social Choice Bond Fund) | TIAA-CREF Short Duration Impact Bond Fund(2) |
TIAA-CREF Core Plus Bond Fund(1) (Formerly TIAA-CREF Bond Plus Fund) | TIAA-CREF Short-Term Bond Fund(1) |
TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund(1) | TIAA-CREF Short-Term Bond Index Fund(1) |
TIAA-CREF Green Bond Fund(2) | TIAA-CREF Money Market Fund(1) |
(1) | Statement of operations for the year ended March 31, 2020 and statement of changes in net assets for the years ended March 31, 2020 and 2019 |
(2) | Statement of operations for the year ended March 31, 2020 and statement of changes in net assets for the year ended March 31, 2020 and the period November 16, 2018 (commencement date through March 31, 2019) |
Basis for Opinions
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of March 31, 2020 by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
/s/ PricewaterhouseCoopers LLP
Baltimore, Maryland
May 22, 2020
We have served as the auditor of one or more investment companies in TIAA-CREF Funds’ investment company group since 2005.
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 101 |
Important tax information(unaudited)
For the period ended March 31, 2020, the TIAA-CREF Funds designate the following distribution amounts (or the maximum amount allowable) as being from net long-term capital gains.
Fund | Long-term capital gains | |||
Bond Index | $ | — | ||
Core Bond | — | |||
Core Impact Bond | 2,331,063 | |||
Core Plus Bond | — | |||
5–15 Year Laddered Tax-Exempt Bond | 300,993 | |||
Green Bond | — | |||
High-Yield | — | |||
Inflation-Linked Bond | — | |||
Short Duration Impact Bond | — | |||
Short-Term Bond | — | |||
Short-Term Bond Index | — | |||
Money Market | — |
The 5–15 Year Laddered Tax-Exempt Bond Fund paid distributions to shareholders during the year ended March 31, 2020 and the year ended March 31, 2019, totaling $6,715,043 and $6,376,445, of which $5,957,902 and $5,959,658, respectively, were exempt from federal income tax and have been designated as Exempt Interest Dividends.
The Funds hereby designate their percentages of dividends paid from net ordinary income as dividends qualifying as Interest-Related Dividends as defined in Internal Revenue Code Section 871(k) for the taxable periods ending 12/31/2019 and 3/31/2020.
Fund | 4/1/2019–12/31/2019 | 1/1/2020–3/31/2020 | ||||||
Bond Index | 90.5 | % | 88.8 | % | ||||
Core Bond | 84.2 | 85.1 | ||||||
Core Impact Bond | 80.0 | 77.3 | ||||||
Core Plus Bond | 78.2 | 88.6 | ||||||
Green Bond | 64.0 | 71.8 | ||||||
High-Yield | 74.9 | 100.0 | ||||||
Inflation-Linked Bond | 99.6 | 99.1 | ||||||
Short Duration Impact Bond | 71.2 | 82.2 | ||||||
Short-Term Bond | 73.9 | 79.0 | ||||||
Short-Term Bond Index | 86.6 | 86.2 | ||||||
Money Market | 100.0 | 99.9 |
The information and distributions reported herein may differ from the information and distributions reported to shareholders for the calendar year ending December 31, 2020, which will be reported in conjunction with your 2020 Form 1099-DIV.
By early 2021, shareholders should receive their Form 1099-DIV and a tax information letter from the Funds. For your specific situation, we recommend that you consult a professional tax advisor.
102 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Trustees and officers(unaudited)
TIAA-CREF Funds ■ April 24, 2020
Trustees
Name, Address and Year of Birth (“YOB”) | Position(s) Held with Fund | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee | Other Directorship(s) Held by Trustee |
Forrest Berkley c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1954 | Trustee | Indefinite term. Trustee since 2006. | Retired Partner (since 2006), Partner (1990–2005) and Head of Global Product Management (2003–2005), GMO (formerly, Grantham, Mayo, Van Otterloo & Co.) (investment management); and member of asset allocation portfolio management team, GMO (2003–2005). | 89 | Director, Save the Children Federation, Inc.; Investment Committee Member, Maine Community Foundation. |
Joseph A. Boateng c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1963 | Trustee | Indefinite term. Trustee since 2019. | Chief Investment Officer, Casey Family Programs (since 2007). Director of U.S. Pension Plans at Johnson & Johnson (2002–2006). Manager, Financial Services Consultant, KPMG Consulting (2000–2002). | 89 | Board member, Year Up Puget Sound and Waterside School; Investment Advisory Committee Chair, Seattle City Employees’ Retirement System; Investment Committee member, The Seattle Foundation. |
Janice C. Eberly c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1962 | Trustee | Indefinite term. Trustee since 2018. | James R. and Helen D. Russell Professor of Finance at the Kellogg School of Management at Northwestern University (2002–2011 and since 2013), and Chair of the Finance Department (2005–2007). Vice President, American Economic Association (since 2020). Assistant Secretary for Economic Policy at the United States Department of the Treasury (2011–2013). | 89 | Member of the Board of the Office of Finance, Federal Home Loan Banks; Director, Avant, LLC; Member of the Executive Board, American Economic Association. |
Nancy A. Eckl c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1962 | Trustee | Indefinite term. Trustee since 2007. | Vice President (1990–2006), American Beacon Advisors, Inc., and certain funds advised by American Beacon Advisors, Inc. | 89 | Independent Director, The Lazard Funds, Inc., Lazard Retirement Series, Inc., and Lazard Global Total Return and Income Fund, Inc. |
Michael A. Forrester c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1967 | Trustee | Indefinite term. Trustee since 2007. | Chief Executive Officer (since 2014) and Chief Operating Officer (2007–2014), Copper Rock Capital Partners, LLC. Chief Operating Officer, DDJ Capital Management (2003–2006). | 89 | Director, Copper Rock Capital Partners, LLC (investment adviser); Trustee, Dexter Southfield School. |
Howell E. Jackson c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1954 | Trustee | Indefinite term. Trustee since 2005. | James S. Reid, Jr. Professor of Law (since 2004), Senior Advisor to the President and Provost (2010–2012), Acting Dean (2009), Vice Dean for Budget (2003–2006) and on the faculty (since 1989) of Harvard Law School. | 89 | Director, Commonwealth (non-profit organization). |
Thomas J. Kenny c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1963 | Chairman of the Board and Trustee | Indefinite term. Chairman for term ending July 1, 2021. Trustee since 2011; Chairman since September 13, 2017. | Advisory Director (2010–2011), Partner (2004–2010), Managing Director (1999–2004) and Co-Head of Global Cash and Fixed Income and Portfolio Management Team (2002–2010), Goldman Sachs Asset Management. | 89 | Director and Chair of the Finance and Investment Committee, Aflac Incorporated; Director and Chair of the Finance Committee, Sansum Clinic; Director, ParentSquare; Investment Committee Member, Cottage Health System; Member, University of California at Santa Barbara Arts and Lectures Advisory Council. |
James M. Poterba c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1958 | Trustee | Indefinite term. Trustee since 2006. | President and Chief Executive Officer (since 2008) and Program Director (1990–2008), National Bureau of Economic Research. Mitsui Professor of Economics, Massachusetts Institute of Technology (“MIT”) (since 1996); Affiliated Faculty Member of the Finance Group, Alfred P. Sloan School of Management (since 2014); Head (2006–2008) and Associate Head (1994–2000 and 2001–2006), Economics Department of MIT. | 89 | Director, National Bureau of Economic Research and the Alfred P. Sloan Foundation; Member, Congressional Budget Office Panel of Economic Advisers. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 103 |
Trustees and officers(unaudited)
TIAA-CREF Funds ■ April 24, 2020
Trustees — concluded
Name, Address and Year of Birth (“YOB”) | Position(s) Held with Fund | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee | Other Directorship(s) Held by Trustee |
Maceo K. Sloan c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1949 | Trustee | Indefinite term. Trustee since 1999. | Chairman, President and Chief Executive Officer, Sloan Financial Group, Inc. (1991–2018); Chairman and Chief Executive Officer (1991–2016), Chief Investment Officer (1991–2013) and Chief Compliance Officer (2015–2016), NCM Capital Management Group, Inc.; Chairman, Chief Executive Officer (2003–2016), Chief Investment Officer (2003–2013) and Chief Compliance Officer (2015–2016), NCM Capital Advisers, Inc.; and Chairman, President and Principal Executive Officer, NCM Capital Investment Trust (2007–2012). | 89 | N/A |
Laura T. Starks c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1950 | Trustee | Indefinite term. Trustee since 2006. | Charles E. and Sarah M. Seay Regents Chair in Finance (since 2002), Co-Executive Director, Social Innovation Initiative (since 2015), Director, AIM Investment Center (2000–2016), Associate Dean for Research (2011–2016), Chairman, Department of Finance (2002–2011) and Professor (since 1987), McCombs School of Business, University of Texas at Austin. President, Society of Financial Studies (since 2017). Vice President, American Finance Association (since 2020). | 89 | Texa$aver Product Committee Member, Employees Retirement System of Texas. |
Officers
Name, Address and Year of Birth (“YOB”) | Position(s) Held with Fund | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years |
Vijay Advani TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1960 | Executive Vice President | One-year term. Executive Vice President since 2018. | Executive Chairman, Nuveen. Executive Vice President of the College Retirement Equities Fund (“CREF”), TIAA Separate Account VA-1, TIAA-CREF Funds and TIAA-CREF Life Funds (collectively, the “TIAA-CREF Fund Complex”). Formerly, Chief Executive Officer, Nuveen. Prior to joining Nuveen, Mr. Advani served as Co-President of Franklin Resources, Inc. (Franklin Templeton Investments). |
Richard S. Biegen TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1962 | Chief Compliance Officer | One-year term. Chief Compliance Officer since 2008. | Senior Managing Director, TIAA. Chief Compliance Officer of the TIAA-CREF Fund Complex. |
Derek B. Dorn TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1976 | Senior Managing Director and Corporate Secretary | One-year term. Senior Managing Director and Corporate Secretary since 2020. | Senior Managing Director, Corporate Secretary of Teachers Insurance and Annuity Association of America (“TIAA”) and the TIAA-CREF Fund Complex. Formerly, Managing Director, Special Assistant to the CEO, and Head of Regulatory Engagement & Public Policy, TIAA. Prior to joining TIAA, Mr. Dorn was a partner at Davis & Harman LLP. |
Bradley Finkle TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1973 | Principal Executive Officer and President | One-year term. Principal Executive Officer and President since 2017. | Chief Operating Officer, Nuveen. Principal Executive Officer and President of the TIAA-CREF Funds and TIAA-CREF Life Funds. Formerly, Senior Managing Director, Co-Head Nuveen Equities & Fixed Income and President of TIAA Investments. |
Jose Minaya TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1971 | Executive Vice President | One-year term. Executive Vice President since 2018. | Chief Executive Officer, Nuveen. Executive Vice President of the TIAA-CREF Fund Complex. Formerly, Executive Vice President, Chief Investment Officer and President, Nuveen, Executive Vice President, Chief Investment Officer and President, Nuveen Global Investments and Senior Managing Director, President, Global Investments, TIAA. |
104 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
concluded
Officers — concluded
Name, Address and Year of Birth (“YOB”) | Position(s) Held with Fund | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years |
Phillip T. Rollock TIAA 730 Third Ave. New York, NY 10017-3206 YOB: 1962 | Executive Vice President and Chief Legal Officer | One-year term. Executive Vice President and Chief Legal Officer since 2018. | Executive Vice President and Chief Legal Officer of TIAA and the TIAA-CREF Fund Complex. Formerly, Executive Vice President, Deputy Chief Legal Officer, TIAA and Senior Managing Director, Senior General Counsel and Corporate Secretary of TIAA and the TIAA-CREF Fund Complex. |
Christopher A. Van Buren TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1962 | Executive Vice President | One-year term. Executive Vice President since 2018. | Executive Vice President, Financial Risk & Capital Management Chief Risk Officer of TIAA. Executive Vice President of the TIAA-CREF Fund Complex. Formerly, Executive Vice President, Chief Risk Officer, TIAA. Prior to joining TIAA, Mr. Van Buren served as Managing Director, Group Risk Control of UBS. |
E. Scott Wickerham TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1973 | Principal Financial Officer, Principal Accounting Officer and Treasurer | One-year Principal Financial Officer, Principal Accounting Officer and Treasurer since 2017. | Senior Managing Director, Head, Publics Investment Finance, Nuveen. Principal Financial Officer, Principal Accounting Officer and Treasurer of the TIAA-CREF Funds, TIAA-CREF Life Funds and TIAA Separate Account VA-1; Treasurer of CREF; and Vice President and Controller of the Nuveen Funds. Formerly, Managing Director, Head, TC Fund Administration, Nuveen. |
Sean N. Woodroffe TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1963 | Executive Vice President | One-year term. Executive Vice President since 2018. | Senior Executive Vice President, Chief Human Resources Officer of TIAA and Executive Vice President of the TIAA-CREF Fund Complex. Prior to joining TIAA, Mr. Woodroffe served as Chief People Officer at National Life Group. |
Please note that the Funds’ Statement of Additional Information (SAI) includes additional information about the Funds’ trustees and is available, without charge, through our website, tiaa.org, or by calling 800 223-1200.
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Approval of investment management agreement (unaudited)
Board renewal of the investment management agreement for certain series of the TIAA-CREF Funds
The Board of Trustees (the “Board” or the “Trustees”) of the TIAA-CREF Funds (the “Trust”) determines whether to initially approve and periodically renew the investment management agreement (the “Agreement”) between Teachers Advisors, LLC (“Advisors”) and the Trust on behalf of each series of the Trust. Under the Agreement, Advisors is responsible for providing investment advisory services to each series of the Trust and overseeing the everyday operations and other service providers of the Trust. Below is a summary of the process the Board undertook related to its most recent renewal of the Agreement with respect to each series covered by this Report (the “Funds”).
Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that, after an initial period of up to two years, the Agreement for each Fund will remain in effect only if the Board, including a majority of those Trustees who have no direct or indirect interest in the Agreement, and who are independent Trustees because they are not “interested persons” of the Trust, as that term is defined in the 1940 Act, annually renews the Agreement. None of the Trustees is an interested person of the Trust under the 1940 Act. Rather, they are all deemed to be independent Trustees.
Under normal circumstances, Section 15(c) requires this annual renewal to be made at an in-person meeting of the Board. However, due to the COVID-19 pandemic, the Securities and Exchange Commission (“SEC”) issued a temporary, conditional exemptive order on March 13, 2020, as extended on March 25, 2020 (the “SEC Order”), permitting mutual fund boards to, vote to approve matters subject to the Section 15(c) in-person approval requirement at a meeting that is not held in person if the board determines that reliance on the SEC Order is necessary or appropriate due to prevailing circumstances related to the current or potential effects of COVID-19 and the board ratifies any action taken pursuant to the SEC Order at its next in-person meeting.
Overview of the renewal process
The Board held a telephonic meeting on March 26, 2020, in order to consider the annual renewal of the Agreement with respect to each applicable Fund using the process established by the Board described further below. At the outset of the meeting, the Board considered reliance upon the SEC Order and determined that such reliance was necessary due to, among other considerations, COVID-19 pandemic related social distancing requirements, travel restrictions and other governmental mandates imposed for health and safety reasons. The Board noted that it would ratify actions taken at this meeting pursuant to the SEC Order at its next in-person meeting.
As part of the Board’s established process, the Board delegated certain tasks to its Operations Committee. Among these tasks, the Operations Committee or certain of its designated members worked with Advisors, other Board members and legal counsel to the Trustees to develop guidance and specific requests relating to the types of information to be provided to the Board in connection with the proposed contract renewals.
Among other matters, the Operations Committee or certain of its designated members, following consultations with Advisors’
representatives, other Board members, legal counsel to the Trustees and legal counsel to Advisors and the Trust, confirmed or established certain guidance regarding the preparation of reports to be provided to the Board with respect to each Fund by the Board Reporting and Compliance unit of Broadridge Financial Solutions, Inc. (“Broadridge”), using data from Lipper, Inc., an independent provider of investment company data. The Operations Committee considered that Broadridge is widely recognized as a leading provider of comparative analyses used by independent directors and trustees of investment companies during their advisory contract review processes.
Based on guidance provided by the Operations Committee or certain of its designated members on behalf of the Board, Broadridge produced, among other information, comparative performance and expense data for each Fund, including data relating to each Fund’s management fee rate, total expense ratio, short-term and long-term investment performance and portfolio turnover rate (as applicable). Broadridge compared this data, as relevant, for each Fund against a universe of investment companies and against a more selective peer group of mutual funds with similar investment objectives and strategies, each of which was selected by Broadridge, and also compared the performance of each Fund against one or more appropriate broad-based indices. In each case, Broadridge summarized, and the Board reviewed, the methodologies Broadridge employed to provide the data contained in its reports. In addition, Broadridge represented to the Board that its reports were designed specifically to provide the Board with the fee, expense and performance information that is necessary to help the Board satisfy its duties under Section 15(c) of the 1940 Act. Broadridge also represented that the purpose of its reports is to provide an objective view of each Fund’s relative position regarding the level of fees, expenses and performance against a competitive peer group and universe (as applicable) selected by Broadridge (and not Advisors or the Board). The Board considered the propriety of each Fund’s applicable peer group as selected by Broadridge and use of the Institutional Class as the base class for comparison purposes.
Among other matters, the Board also requested and received additional information from Advisors to facilitate the Trustees’ evaluation of the reasonableness of any profits earned by Advisors with respect to its services to each Fund pursuant to the Agreement.
In advance of the Board meeting held on March 26, 2020, legal counsel for the Trustees requested on behalf of the Board, and Advisors provided, information that was designed to assist the Board in its consideration of whether to renew the Agreement for each Fund. In addition to the data provided by Broadridge as described above, this information included, but was not limited to, the following: (1) further information relating to each Fund’s investment performance and a narrative analysis of the performance of each Fund that had underperformed certain Board-specified criteria, together with an explanation of any events that had a material impact on the Fund’s performance during that period; (2) a description of any fee waiver or expense reimbursement arrangements that were proposed or were in place during the prior year and the extent to which such
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arrangements would be continued or modified in the coming year; (3) a comparison of each Fund’s management fee rate and performance to other accounts with comparable strategies managed by Advisors or certain of its affiliates; (4) any “fall-out” benefits that accrued or were identified as reasonably likely to accrue to Advisors or its affiliates due to their relationship with the Funds in addition to the Funds’ direct fee payments to Advisors pursuant to the Agreement; (5) information regarding Advisors’ financial resources, senior professional personnel, overall staffing levels, portfolio manager compensation arrangements, capacity to manage the Funds at current and foreseeable asset levels, insurance coverage, portfolio trading and best execution practices, and any actual and potential conflicts of interest identified by Advisors in connection with rendering services to the Funds; (6) information as to any profits earned by Advisors in connection with its services pursuant to the Agreement; (7) a copy of the Agreement and certain related agreements between the Funds and affiliates of Advisors; (8) a copy of Advisors’ Form ADV as filed with the SEC (which was presented only to legal counsel for the Trustees); and (9) proposed narrative explanations of reasons why the Board should renew the Agreement. The Trustees were also provided with performance ratings of Morningstar, Inc. (“Morningstar”), which is a widely recognized mutual fund ranking service.
On March 12, 2020, the Board met informally to review Advisors’ materials, which led to the Trustees providing additional questions to, and requesting additional information from, Advisors. Subsequently, at the March 26, 2020 meeting, the Trustees were given the opportunity, to and did, ask additional questions and they reviewed responses from Advisors to the Board’s follow-up questions and requests presented by the Board after its initial review of the information described above.
In considering whether to renew the Agreement with respect to each Fund, the Board reviewed various factors, including: (1) the nature, extent and quality of services provided or to be provided by Advisors to the Fund; (2) the Fund’s investment performance; (3) the costs of the services provided to the Fund and the profits realized or potential profits to be realized (if any) by Advisors and its affiliates from their relationship with the Fund; (4) fees charged to comparable mutual funds by other advisers; (5) the extent to which economies of scale have been realized or are anticipated to be realized as the Fund grows; (6) how such economies of scale are shared with the Fund for the benefit of its investors, such as through management fee breakpoints; (7) comparisons of the services provided by Advisors to, and the fee rates and performance of, the Fund to other clients to whom Advisors provides comparable services; and (8) any other benefits derived or anticipated to be derived by Advisors or its affiliates from their relationship with the Fund. As part of the Board’s review of these factors, the Board received information from management on the impact of the COVID-19 pandemic on the Teachers Insurance and Annuity Association of America (“TIAA”) enterprise generally and the Funds in particular including, among other information, the current and expected impact on the Funds’ performance and operations. As a general matter, the Board considered these factors, and any other factors deemed relevant by the Trustees, in their totality, and no single factor was identified as being the determining factor in deciding whether to renew the Agreement.
In addition to the March 26, 2020 meeting that included Advisors’ personnel, the Trustees met in private sessions, at which no Advisors representatives were present, to discuss the proposed renewal of the Agreement for each Fund. The Board also received and considered information from its legal counsel as to certain relevant guidance that relates to the renewal process under Section 15(c) of the 1940 Act and certain other legal authorities.
While the contract renewal process included a series of discussions and meetings leading up to the March 26, 2020 meeting, the oversight and evaluation of Advisors’ services to the Funds by the Board and its Committees is an ongoing process. The Board, as well as its Committees, reviewed reports on various investment and operational topics that had been identified by the Board or its Committees for review in the year since the last annual renewal process. Further, at regularly scheduled meetings of the Board, the Board and the Investment Committee receive and review, among other matters, information regarding the performance of the Funds. Thus, in reaching its decisions regarding the renewal of the Agreement for each Fund, the Board took into account the information described herein and other information provided to the Board and its Committees throughout the year.
The Board received and considered both Trust-level and Fund-specific information, but made its renewal determinations on a Fund-by-Fund basis. In deciding whether to renew the Agreement for each Fund, each Trustee may have accorded different weight to different factors and, thus, may have had a different basis for his or her ultimate decision to vote to renew the Agreement for each Fund. At its meeting on March 26, 2020, all Board members voted unanimously to renew the Agreement for each Fund. Set forth below is a summary of the primary factors the Board considered with respect to each Fund.
The nature, extent and quality of services
The Board considered the level and depth of knowledge of Advisors, including the professional experience and qualifications of its personnel. The Board also considered that Advisors is an experienced investment adviser that has managed the Funds since their operations commenced. Investment professionals at Advisors also manage various funds and accounts of the College Retirement Equities Fund, the TIAA-CREF Life Funds and TIAA Separate Account VA-1, as well as advise and sub-advise other investment companies and vehicles. Under the Agreement, Advisors is responsible for, among other duties: managing the assets of the Funds, including conducting research, identifying investments and placing orders to buy and sell securities for the Funds’ investment portfolios; active daily monitoring of the Funds’ investment portfolios; reporting on the investment performance and other metrics of the Funds to the Board on a regular basis; responding to Fund flows; compliance monitoring; coordinating the activities of each Fund’s service providers; and overseeing the provision of various administrative services to the Funds. The Board considered that Advisors has carried out these responsibilities in a competent and professional manner. The Board also considered that Advisors has committed significant resources to supporting the series of the Trust, including the Funds. It also considered Advisors’ compliance program and resources and its compliance record with respect to the Funds.
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Approval of investment management agreements(unaudited)
The Board also considered, among other factors, the performance of each Fund, as discussed below. In addition, the Board considered the nature and quality of non-portfolio management services provided by Advisors and its affiliates. In this regard, the Board considered its ongoing review of the performance of certain affiliated and unaffiliated service providers, including the quality of services provided by those firms and Advisors’ oversight of those service providers and the outsourcing of certain services to other firms.
During its review, the Board noted its ongoing efforts to examine the level of personnel and other resources available to Advisors to provide portfolio management and other services to the Funds, including the impact of recent and anticipated regulatory requirements and operational changes on such resources, so as to assess the adequacy of the resources devoted to these services.
Investment performance
The Board considered the investment performance of each Fund, over the periods indicated in the Fund-by-Fund synopsis below. The Board considered each Fund’s performance as compared to its peer group and peer universe (as applicable) and its benchmark index or, in circumstances where a Fund’s peer group or peer universe was not viewed as a representative basis for comparison, other comparative information deemed relevant by management and/or the Board. The Board also reviewed the three-year performance of the Bond Index and Short-Term Bond Index Funds (the “Index Funds”) before any reductions for fees and expenses. In this analysis, the Board considered the impact of net asset value rounding and the effects of fair valuation, foreign exchange rates, effective tax rates, securities lending and class action litigation, as applicable on each Index Fund’s performance as compared to the performance of its benchmark index. For details regarding each Fund’s performance, see the Fund-by-Fund synopsis below.
The Board considered, in those cases in which a Fund had performed materially differently from its Broadridge peers or benchmark based on a Board-established threshold, the factors identified by Advisors that contributed to such difference and any remedial measures being undertaken by Advisors. Thus, the Board concluded that, under the totality of circumstances considered, the investment performance of each Fund was reasonable or that appropriate actions had been or were being implemented.
Cost and profitability
The Board considered financial and profitability data relating to Advisors’ services to the Funds for the calendar year 2019. The Board considered Advisors’ profit calculations with respect to its services to each Fund both before and after taking into account the costs incurred directly or indirectly by Advisors in connection with the distribution of shares of the Fund. The Board acknowledged the reasonableness of having management fee rates which permit Advisors to maintain and improve the quality of services provided to the Funds and recognized the entrepreneurial and other risks assumed by Advisors in managing the Funds. The Board considered that Advisors had calculated that it earned profits with respect to some of the Funds under the Agreement for the one-year period ended December 31, 2019. However, with respect to the Green Bond,
International Bond, Short-Term Bond Index, Short Duration Impact Bond, 5–15 Year Laddered Tax-Exempt Bond and Money Market Funds, Advisors calculated that it had incurred losses.
The Board considered Advisors’ voluntary reduction of certain Funds’ management fee rates: 0.015% for the High-Yield Fund and 0.020% for the Inflation-Linked Bond Fund. The Board also acknowledged Advisors’ commitment to reimburse Fund expenses to the extent that total annual operating expenses exceeded certain specified amounts. With respect to those Funds for which the Agreement was calculated by Advisors to be profitable to Advisors in 2019, the Board concluded that those profits were reasonable in light of various relevant factors.
Fees charged by other advisers
The Board considered comparative information regarding each Fund’s contractual and effective management fee rates and the contractual and effective management fee rates paid by similar mutual funds to other advisers, as analyzed by Broadridge and reflected in the Fund-by-Fund synopsis below. The Board determined that the management fee rate charged to a Fund under the Agreement typically was lower than the management fee rates charged to many or most other comparable mutual funds. In this connection, the Board also considered the inherent limitations of such comparisons in light of uncertainty as to how the fees of such similar mutual funds are set and potentially material differences between a Fund and its comparable mutual funds. The Board considered Broadridge’s treatment of all fund fee waivers, regardless of their type, as management fee waivers, which could materially impact how the Funds’ actual management fee rates compare to those of similar mutual funds. Additionally, the Board considered the potential limitations of such comparisons due to, among other factors, the fact that, in many instances, Broadridge based its comparisons on financial data relating to fiscal periods that differed from the period for which the Fund’s data were derived. Based on all factors considered, the Board concluded that the management fee rates under the Agreement with respect to each Fund were reasonable in relation to those charged by appropriate groups of comparable mutual funds.
Economies of scale
The Board considered whether Advisors has experienced or is anticipated to experience economies of scale in connection with the operation of each Fund, and whether any such economies are shared with the Funds. The Board also considered the extent to which the current fee rate schedule breakpoints for many actively-managed Funds that were currently profitable to Advisors affected Advisors’ fees. The Board considered, in connection with the supporting Broadridge reports, Advisors’ position that the maximum fee rate that could be charged to each Fund based on its level of assets under the Agreement is comparatively low in relation to peer groups of mutual funds. The Board also considered the contractual fee reductions and one-year voluntary advisory fee waivers agreed to by Advisors, as noted above. Based on all factors considered, the Board concluded that the Funds’ management fee rate schedules were reasonable in light of current economies of scale considerations and current asset levels.
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Fee and performance comparisons with other Advisors’ clients
The Board considered that Advisors and its affiliate, TIAA-CREF Investment Management, LLC, provide investment management services to other investment companies, including other mutual funds, foreign funds (UCITS), and separately managed accounts that may have similar investment strategies as certain of the Funds. In particular, the Board reviewed the management fee rates Advisors charges to separately managed accounts and a UCITS series that have similar mandates to the Core Impact Bond Fund (formerly known as the Social Choice Bond Fund) and the performance of such accounts/series. The Board also considered Advisors’ comments that, in the future, Advisors may manage client assets through additional funds and accounts with similar investment strategies. The Board also considered Advisors’ representation that, while the management fee rates charged to the Funds may differ from the management fee rates chargeable to these other funds and other accounts, this may be due in part to the fact that these other funds and accounts may: (1) involve less entrepreneurial risk on the part of Advisors; (2) be offered in different types of markets; (3) be provided with different types or levels of services; (4) have different regulatory burdens; and/or (5) target different investors.
Other benefits
The Board also considered additional “fall-out benefits” to Advisors and its affiliates arising from the Agreement. Such benefits include, among others, other fees paid by the Funds to Advisors or its affiliates for other services, such as distribution and administration, and investment-related benefits, such as economies of scale to the extent the Funds share investment resources and/or personnel with other clients of Advisors and the ability to incubate strategies within one or more Funds that could be subsequently utilized to manage other non-Fund products. Advisors and its affiliates may also benefit from the level of business and relationships the Funds have with certain service providers. Additionally, the Funds may be utilized as investment options for other products and businesses of Advisors and its affiliates, such as variable products, fund of funds and 529 education savings plans. Also, Advisors and its affiliates may benefit from their relationship with the Funds to the extent that this relationship results in potential investors viewing TIAA, of which Advisors is an indirect, wholly-owned subsidiary, as a leading retirement plan provider in the academic and non-profit markets and as a single source for all their financial service needs.
Fund-by-fund synopsis of factors
The Board considered the following specific factors (among others) in connection with its determination to renew the Agreement with respect to each Fund. If a Fund is described in the following discussions as being in the “1st” quintile, it is in the best of five groups (that is, the group has the best performance or the lowest expenses, as the case may be). References below to quintiles are based on data provided to the Board in the reports prepared by Broadridge. The specific management fee, expense and performance factors outlined below are based on the Institutional Class shares of each Fund. Because the Institutional Class generally has lower non-
management expenses than the other classes of these Funds, the expenses and performance of these other classes will differ from the expenses and performance shown for the Institutional Class. References to “adjusted” relative gross performance means the performance of a Fund minus the impact of net asset value rounding and the effects of fair valuation, foreign exchange rates, effective tax rates, securities lending and class action litigation, as applicable. All time periods referenced below are ended December 31, 2019. Under the Morningstar rating system, an Overall Morningstar Rating of 5 stars is the highest (best) rating category and 1 star is the lowest (worst) rating category. The Morningstar data is as of December 31, 2019. Statements below regarding a Fund’s “effective management fee rate” refer to the overall effective blended fee rate that applied to that Fund after taking into account any breakpoints in the management fee rate schedule for the Fund and any applicable fee waivers and/or expense reimbursements. For reference, one basis point equals 0.01%. Statements below regarding “net profit” or “net loss” refer to whether Advisors calculated that it earned a profit or incurred a loss for the services that it rendered to a Fund during 2019 under the Agreement.
Bond Index Fund
• | The Fund’s annual contractual management fee rate is 0.10% of average daily net assets. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were in the 1st, 2nd and 1st quintiles, respectively, of both of the group of comparable funds selected by Broadridge for expense comparison purposes (“Expense Group”) and the universe of comparable funds selected by Broadridge for expense comparison purposes (“Expense Universe”). |
• | For the three-year period, the Fund’s adjusted relative gross performance as compared to its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index, differed by -6 basis points. The Fund’s tracking error was driven by transaction costs necessitated by significant growth and an overweight sampling bias towards larger issuers and more liquid bonds. |
• | The Fund received an Overall Morningstar Rating of 3 stars. |
• | Advisors calculated that it earned a net profit with respect to its services to the Fund for the one-year period. |
Core Bond Fund (formerly, the Bond Fund)
• | The Fund’s annual contractual management fee rate starts at 0.30% of average daily net assets, and includes breakpoints that reduce the rate paid on assets above certain thresholds. The Fund’s effective management fee rate at its December 31, 2019 asset level was 0.279% of average daily net assets. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were each in the 1st quintile of its Expense Group. The Fund’s total expense ratio and contractual management fee rate were each in the 1st quintile of its Expense Universe, while the Fund’s actual management fee rate was in the 2nd quintile of its Expense Universe. |
• | The Fund was in the 4th, 2nd, 2nd and 2nd quintiles of the group of comparable funds selected by Broadridge for performance comparison purposes (“Performance Group”) for the one-, three-, five- and ten-year periods, respectively. The Fund was in the 2nd, 1st, 1st and 1st quintiles of the universe of comparable funds selected by Broadridge for |
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Approval of investment management agreements(unaudited)
performance comparison purposes (“Performance Universe”) for the one-, three-, five- and ten-year periods, respectively. | |
• | The Fund received an Overall Morningstar Rating of 4 stars. |
• | Advisors calculated that it earned a net profit with respect to its services to the Fund for the one-year period. |
Core Impact Bond Fund (formerly, the Social Choice Bond Fund)
• | The Fund’s annual contractual management fee rate starts at 0.35% of average daily net assets, and includes breakpoints that reduce the rate paid on assets above certain thresholds. The Fund’s effective management fee rate at its December 31, 2019 asset level was 0.335% of average daily net assets. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were in the 1st, 2nd and 2nd quintiles, respectively, of its Expense Group. The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were in the 1st, 3rd and 2nd quintiles, respectively, of its Expense Universe. |
• | The Fund was in the 4th, 2nd and 1st quintiles of its Performance Group for the one-, three- and five-year periods, respectively. The Fund was in the 3rd, 1st and 1st quintiles of its Performance Universe for the one-, three- and five-year periods, respectively. |
• | The Fund received an Overall Morningstar Rating of 4 stars. |
• | Advisors calculated that it earned a net profit with respect to its services to the Fund for the one-year period. |
Core Plus Bond Fund (formerly, the Bond Plus Fund)
• | The Fund’s annual contractual management fee rate starts at 0.30% of average daily net assets, and includes breakpoints that reduce the rate paid on assets above certain thresholds. The Fund’s effective management fee rate at its December 31, 2019 asset level was 0.284% of average daily net assets. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were each in the 1st quintile of its Expense Group. The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were in the 1st, 2nd and 1st quintiles of the Expense Universe, respectively. |
• | The Fund was in the 3rd, 2nd, 2nd and 2nd quintiles of its Performance Group and 3rd, 2nd, 1st and 2nd quintiles of its Performance Universe for the one-, three-, five- and ten-year periods, respectively. |
• | The Fund received an Overall Morningstar Rating of 4 stars. |
• | Advisors calculated that it earned a net profit with respect to its services to the Fund for the one-year period. |
5–15 Year Laddered Tax-Exempt Bond Fund
• | The Fund’s annual contractual management fee rate starts at 0.25% of average daily net assets, which includes breakpoints that would reduce the rate paid on assets above certain thresholds. The Fund’s effective management fee rate at its December 31, 2019 asset level was 0.25% of average daily net assets. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were each in the 1st quintile of both its Expense Group and Expense Universe. |
• | The Fund was in the 1st, 1st, 2nd and 1st quintiles of its Performance Group for the one-, three-, five- and ten-year periods, respectively. The Fund was in the 1st quintile of its |
Performance Universe for each of the one-, three-, five- and ten-year periods. | |
• | The Fund received an Overall Morningstar Rating of 3 stars. |
• | Advisors calculated that it incurred a net loss with respect to its services to the Fund for the one-year period. |
Green Bond Fund
• | The Fund’s annual contractual management fee rate starts at 0.40% of average daily net assets, which includes breakpoints that would reduce the rate paid on assets above certain thresholds. The Fund’s effective management fee rate at its December 31, 2019 asset level was 0.40% of average daily net assets. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate ranked 1 out of 5 funds, 1 out of 5 funds and 2 out of 5 funds within its Expense Group, respectively. The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were in the 2nd, 1st and 1st quintiles of its Expense Universe, respectively. |
• | The Fund ranked 4 out of 5 funds and 3 out of 5 funds within its Performance Group for the one-year and since-inception periods, respectively. The Fund was in the 4th and 3rd quintiles for the one-year and since-inception periods, respectively |
• | The Fund does not have enough performance history to have received an Overall Morningstar Rating. |
• | Advisors calculated that it incurred a net loss with respect to its services to the Fund for the one-year period. |
High-Yield Fund
• | The Fund’s annual contractual management fee rate starts at 0.35% of average daily net assets, and includes breakpoints that reduce the rate paid on assets above certain thresholds. From May 1, 2019 through April 30, 2020, Advisors voluntarily agreed to reduce its management fee rate by 0.010%. The Fund’s effective management fee rate at its December 31, 2019 asset level was 0.338% of average daily net assets. |
• | Effective May 1, 2020, Advisors has voluntarily agreed to reduce its management fee rate by 0.015% through April 30, 2021. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were each in the 1st quintile of both its Expense Group and Expense Universe. |
• | The Fund was in the 1st, 2nd, 2nd and 2nd quintiles of its Performance Group for the one-, three-, five- and ten-year periods, respectively. The Fund was in the 1st quintile of its Performance Universe for each of the one-, three-, five- and ten-year periods. |
• | The Fund received an Overall Morningstar Rating of 4 stars. |
• | Advisors earned a net profit with respect to its services to the Fund for the one-year period. |
Inflation-Linked Bond Fund
• | The Fund’s annual contractual management fee rate starts at 0.25% of average daily net assets, and includes breakpoints that reduce the rate paid on assets above certain thresholds. From May 1, 2019 through April 30, 2020, Advisors voluntarily agreed to reduce its management fee rate by 0.020%. The Fund’s effective management fee rate at its |
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concluded
December 31, 2019 asset level was 0.239% of average daily net assets. | |
• | Effective May 1, 2020, Advisors has voluntarily agreed to continue to reduce its management fee rate by 0.02% through April 30, 2021. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were each in the 1st quintile of its Expense Group. The Fund’s total expense ratio and contractual management fee rate were in the 1st quintile of its Expense Universe, while its actual management fee rate was in the 2nd quintile of its Expense Universe. |
• | The Fund was in the 4th quintile and ranked 4 out of 5 funds, 4 out of 5 funds and 3 out of 4 funds within its Performance Group for the one-, three-, five- and ten-year periods, respectively. The Fund was in the 4th, 3rd, 3rd and 2nd quintiles of its Performance Universe for the one-, three-, five- and ten-year periods, respectively. |
• | The Fund received an Overall Morningstar Rating of 3 stars. |
• | Advisors calculated that it earned a net profit with respect to its services to the Fund for the one-year period. |
Money Market Fund
• | The Fund’s annual contractual management fee rate is 0.10% of average daily net assets. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were in the 2nd, 2nd and 1st quintiles of its Expense Group, respectively. The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were each in the 1st quintile of its Expense Universe. |
• | The Fund was in the 2nd, 2nd, 3rd and 3rd quintiles of its Performance Group for the one-, three-, five- and ten-year periods, respectively. The Fund was in the 1st quintile of its Performance Universe for each of the one-, three-, five- and ten-year periods. |
• | Money market funds are not rated by Morningstar. |
• | Advisors calculated that it incurred a net loss with respect to its services to the Fund for the one-year period. |
Short Duration Impact Bond Fund
• | The Fund’s annual contractual management fee rate starts at 0.30% of average daily net assets, which includes breakpoints that would reduce the rate paid on assets above certain thresholds. The Fund’s effective management fee rate at its December 31, 2019 asset level was 0.30% of average daily net assets. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were in the 2nd, 1st and 1st quintiles of its Expense Group, respectively. The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were each in the 1st quintile of its Expense Universe. |
• | The Fund was in the 1st and 2nd quintiles of its Performance Group and Performance Universe, respectively, for each of the one-year and since-inception periods. |
• | The Fund does not have enough performance history to have received an Overall Morningstar Rating. |
• | Advisors calculated that it incurred a net loss with respect to its services to the Fund for the one-year period. |
Short-Term Bond Fund
• | The Fund’s annual contractual management fee rate starts at 0.25% of average daily net assets, and includes breakpoints that reduce the rate paid on assets above certain thresholds. The Fund’s effective management fee rate at its December 31, 2019 asset level was 0.244% of average daily net assets. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were each in the 1st quintile of both its Expense Group and Expense Universe. |
• | The Fund was in the 5th, 4th, 3rd and 3rd quintiles of its Performance Group for the one-, three-, five- and ten-year periods, respectively. The Fund was in the 4th, 2nd, 2nd and 2nd quintiles of its Performance Universe for each of the one-, three-, five- and ten-year periods, respectively. |
• | The Fund received an Overall Morningstar Rating of 3 stars. |
• | Advisors calculated that it earned a net profit with respect to its services to the Fund for the one-year period. |
Short-Term Bond Index Fund
• | The Fund’s annual contractual management fee rate is 0.07% of average daily net assets. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were in the 2nd, 1st and 1st quintiles of its Expense Group, respectively. The Fund’s total expense ratio, actual management fee rate and contractual management fee rate were in the 2nd, 2nd and 1st quintiles of its Expense Universe, respectively. |
• | For the three-year period, the Fund’s adjusted relative gross performance as compared to its benchmark, the Bloomberg Barclays 1–3 Year Government/Credit Bond Index, differed by -6 basis points. The Fund’s tracking error was driven by transaction costs and an overweight sampling bias towards larger issuers and more liquid bonds. |
• | The Fund received an Overall Morningstar Rating of 2 stars. |
• | Advisors calculated that it incurred a net loss with respect to its services to the Fund for the one-year period. |
Based primarily on the foregoing factors and considerations, the Board renewed the Agreement for each Fund.
TIAA-CREF Funds: Fixed-Income Funds ■ 2020 Annual Report | 111 |
Liquidity risk management program
Discussion of the operation and effectiveness of the Funds’ liquidity risk management program
In compliance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”), each series of the Trust covered by this Report (the “Funds”) has adopted and implemented a liquidity risk management program (the “Program”), which is reasonably designed to assess and manage the Funds’ liquidity risk. The Program consists of various provisions relating to assessing and managing Fund liquidity risk, as discussed further below. The Funds’ Board of Trustees (the “Board”) previously approved the designation of Advisors (the “Administrator”) as Program administrator. The Liquidity Monitoring and Analysis Team (the “LMAT”) carries out day-to-day Program management with oversight by the Liquidity Oversight Committee (the “LOSC”). Personnel from the Administrator and Nuveen Fund Advisors, LLC, an affiliate of the Administrator, comprise the LMAT and LOSC.
At a February 11, 2020 Board meeting, the Administrator provided the Board with a written report addressing the Program’s operation, adequacy, and effectiveness of implementation for the period from December 1, 2018 through November 30, 2019 (the “Review Period”), as required under the Liquidity Rule. The report noted that the Program has been and continues to be adequately and effectively implemented to monitor and (as applicable) respond to the Funds’ liquidity developments.
In accordance with the Program, the LMAT assesses each Fund’s liquidity risk no less frequently than annually based on various factors, such as (i) the Fund’s investment strategy and the liquidity of portfolio investments, (ii) cash flow projections, and (iii) holdings of cash and cash equivalents and borrowing arrangements and other funding sources. Certain factors are considered under both normal and reasonably foreseeable stressed conditions.
Each Fund portfolio investment is classified into one of four liquidity categories (including “highly liquid investments” and “illiquid investments,” discussed below). The classification is based on a determination of how long it is reasonably expected to take to convert the investment into cash, or sell or dispose of the investment, in current market conditions without significantly changing the market value of the investment. Liquidity classification determinations take into account various market, trading, and investment-specific considerations, as well as market depth, and utilize third-party vendor data.
Any Fund that does not primarily hold highly liquid investments must, among other things, determine a minimum percentage of Fund net assets that must be invested in highly liquid investments (a “Highly Liquid Investment Minimum”). During the Review Period, each Fund primarily held highly liquid investments and therefore was exempt from the requirement to adopt a Highly Liquid Investment Minimum and to comply with the related requirements under the Liquidity Rule.
The Liquidity Rule also limits the Funds’ investments in illiquid investments. Specifically, the Liquidity Rule prohibits acquisition of illiquid investments if doing so would result in the Fund holding more than 15% of its net assets in illiquid investments and requires certain reporting anytime a Fund’s holdings of illiquid investments exceed 15% of net assets. During the Review Period, no Fund exceeded the 15% limit on illiquid investments.
112 | 2020 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
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You should carefully consider the investment objectives, risks, charges and expenses of any fund before investing. For a prospectus that contains this and other information, please visit TIAA.org, or call 800-842-2252 for the Institutional, Advisor, Premier and Retirement classes or 800-223-1200 for the Retail Class. Please read the prospectus carefully before investing. Investment, insurance and annuity products are not Federal Deposit Insurance Corporation (FDIC) insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.Nuveen, a subsidiary of TIAA, provides investment advice and portfolio management services through a dozen affiliated registered
investment advisers. Nuveen Securities, LLC and TIAA-CREF Individual & Institutional Services, LLC, members FINRA, distribute securities products.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her advisors.
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Item 2. Code of Conduct.
2(a) The Board of Trustees of the TIAA-CREF Funds (the “Registrant”) has adopted a code of conduct for senior financial officers, including the Registrant’s principal executive officer, principal financial officer, principal accounting officer, or controller, and persons performing similar functions, in conformity with rules promulgated under the Sarbanes-Oxley Act of 2002.
2(b) No response required.
2(c) During the reporting period, there were no material amendments to the code of conduct.
2(d) During the reporting period, there were no implicit or explicit waivers granted by the Registrant from any provision of the code of conduct.
2(e) Not applicable.
2(f)A copy of the current code of conduct is filed as an exhibit to this Form N-CSR.
Item 3. Audit Committee Financial Expert.
3(a)(1)The Registrant’s Board of Trustees has determined that the Registrant has at least one audit committee financial expert serving on its Audit and Compliance Committee.
3(a)(2) Maceo K. Sloan is the Registrant’s audit committee financial expert and is “independent” for purposes of Item 3 of Form N-CSR.
Item 4. Principal Accountant Fees and Services.
PricewaterhouseCoopers LLP (“PwC”) performs independent audits of the Registrant’s financial statements. To maintain auditor independence and avoid even the appearance of conflicts of interest, the Registrant, as a policy, does not engage PwC for management advisory or consulting services.
The aggregate fees billed by PwC as disclosed below for the fiscal years ended March 31, 2020 and March 31, 2019 may not align with the figures reported and filed with the Securities and Exchange Commission in Form N-CEN or Form N-CSR for each period, respectively, (SEC File No. 811-09301) because the fees disclosed in this statement reflect fees updated after the date of that Form N-CEN or Form N-CSR for the relevant periods.
4(a)Audit Fees.
For the fiscal years ended March 31, 2019 and March 31, 2020, PwC’s aggregate fees for the audit of the Registrant’s annual financial statements were $635,310 and $622,603, respectively.
4(b)Audit Related Fees.
For the fiscal years ended March 31, 2019 and March 31, 2020, PwC’s aggregate fees for services related to the performance of the audit of the Registrant’s annual financial statements were $0 and $0, respectively.
For the fiscal years ended March 31, 2019 and March 31, 2020, the Audit-Related Fees billed by PwC to Teachers Advisors, LLC (“Advisors”) or to any entity controlling, controlled by or under common control with Advisors that provides ongoing services to the Registrant (collectively, “Fund Service Providers”) were $0 and $0, respectively.
4(c)Tax Fees.
For the fiscal years ended March 31, 2019 and March 31, 2020, PwC’s aggregate fees for tax services billed to the Registrant were $171,380 and $3,464, respectively.
For the fiscal years ended March 31, 2019 and March 31, 2020, the Tax Fees billed by PwC to the Fund Service Providers were $0 and $0, respectively.
4(d)All Other Fees.
For the fiscal years ended March 31, 2019 and March 31, 2020, PwC’s aggregate fees for all other services billed to the Registrant were $5,500 and $5,500, respectively.
For the fiscal years ended March 31, 2019 and March 31, 2020, PwC’s aggregate fees for all other services billed to the Fund Service Providers were $0 and $0, respectively.
4(e)(1)Preapproval Policy.
The Registrant’s audit and compliance committee (“Audit Committee”) has adopted a Preapproval Policy for External Audit Firm Services (the “Policy”). The Policy describes the types of services that may be provided by the independent auditor to the Registrant and certain of its affiliates without impairing the auditor’s independence. Under the Policy, the Audit Committee is required to preapprove all services to be performed by the Registrant’s independent auditor in order to ensure that such services do not impair the auditor’s independence.
The Policy requires the Audit Committee to: (i) appoint the independent auditor to perform the financial statements audit for the Registrant and certain of its affiliates, including approving the terms of the engagement, and (ii) preapprove the audit, audit-related, tax and other services to be provided by the independent auditor to the Registrant and certain of its affiliates and the fees to be charged for provision of such services from year to year.
4(e)(2)Services provided pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X (the “de minimis exception”):
Audit-Related Fees:
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception for the fiscal years ended March 31, 2019 and March 31, 2020 on behalf of the Registrant.
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception for the fiscal years ended March 31, 2019 and March 31, 2020 on behalf of the Fund Service Providers that relate directly to the operations and financial reporting of the Registrant.
Tax Fees:
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception for the fiscal years ended March 31, 2019 and March 31, 2020 on behalf of the Registrant.
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception for the fiscal years ended March 31, 2019 and March 31, 2020 on behalf of the Fund Service Providers that relate directly to the operations and financial reporting of the Registrant.
All Other Fees:
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception for the fiscal years ended March 31, 2019 and March 31, 2020 on behalf of the Registrant.
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception for the fiscal years ended March 31, 2019 and March 31, 2020 on behalf of the Fund Service Providers that relate directly to the operations and financial reporting of the Registrant.
4(f) The percentage of hours expended by PwC’s engagement to audit the Registrant’s financial statements for the most recent fiscal year attributable to work performed by persons other than PwC’s full-time, permanent employees was less than 50%.
4(g)Non-Audit Fees for Related Entities.
For the fiscal years ended March 31, 2019 and March 31, 2020, aggregate non-audit fees billed to the Registrant and to its Fund Service Providers by PwC were $257,500 and $329,750, respectively.
4(h) The Registrant’s Audit Committee has considered whether the non-audit services that were rendered by PwC to the Registrant’s Fund Service Providers that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X are compatible with maintaining PwC’s independence.
Item 5. Audit Committee of Listed Registrants.
Not Applicable.
Item 6. Schedule of Investments.
TIAA-CREF FUNDS –Bond Index Fund
TIAA-CREF FUNDS
BOND INDEX FUND
SCHEDULE OF INVESTMENTS
March 31, 2020
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
BONDS - 98.7% | ||||||||||||||||||
CORPORATE BONDS – 24.7% | ||||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.1% | ||||||||||||||||||
$ | 250,000 | Aptiv plc | 4.250 | % | 01/15/26 | $ | 254,627 | |||||||||||
100,000 | Aptiv plc | 4.350 | 03/15/29 | 94,490 | ||||||||||||||
100,000 | Aptiv plc | 4.400 | 10/01/46 | 76,991 | ||||||||||||||
575,000 | Aptiv plc | 5.400 | 03/15/49 | 532,318 | ||||||||||||||
200,000 | BorgWarner, Inc | 3.375 | 03/15/25 | 195,742 | ||||||||||||||
200,000 | BorgWarner, Inc | 4.375 | 03/15/45 | 197,135 | ||||||||||||||
600,000 | Delphi Corp | 4.150 | 03/15/24 | 586,726 | ||||||||||||||
800,000 | Ford Motor Co | 7.450 | 07/16/31 | 576,000 | ||||||||||||||
1,350,000 | Ford Motor Co | 4.750 | 01/15/43 | 766,125 | ||||||||||||||
125,000 | General Motors Co | 4.875 | 10/02/23 | 111,366 | ||||||||||||||
500,000 | General Motors Co | 4.200 | 10/01/27 | 408,028 | ||||||||||||||
700,000 | General Motors Co | 5.000 | 10/01/28 | 613,777 | ||||||||||||||
900,000 | General Motors Co | 6.600 | 04/01/36 | 783,265 | ||||||||||||||
700,000 | General Motors Co | 5.150 | 04/01/38 | 506,683 | ||||||||||||||
150,000 | General Motors Co | 6.250 | 10/02/43 | 119,123 | ||||||||||||||
175,000 | General Motors Co | 5.200 | 04/01/45 | 138,705 | ||||||||||||||
350,000 | General Motors Co | 6.750 | 04/01/46 | 279,857 | ||||||||||||||
500,000 | General Motors Co | 5.400 | 04/01/48 | 364,498 | ||||||||||||||
900,000 | General Motors Co | 5.950 | 04/01/49 | 665,546 | ||||||||||||||
175,000 | Harley-Davidson, Inc | 3.500 | 07/28/25 | 164,007 | ||||||||||||||
200,000 | Harley-Davidson, Inc | 4.625 | 07/28/45 | 186,229 | ||||||||||||||
900,000 | Honeywell International, Inc | 1.850 | 11/01/21 | 900,294 | ||||||||||||||
500,000 | Honeywell International, Inc | 3.350 | 12/01/23 | 528,289 | ||||||||||||||
1,700,000 | Honeywell International, Inc | 2.500 | 11/01/26 | 1,724,492 | ||||||||||||||
782,000 | Honeywell International, Inc | 3.812 | 11/21/47 | 860,943 | ||||||||||||||
800,000 | Lear Corp | 3.800 | 09/15/27 | 732,947 | ||||||||||||||
400,000 | Lear Corp | 4.250 | 05/15/29 | 355,871 | ||||||||||||||
500,000 | Lear Corp | 3.500 | 05/30/30 | 433,392 | ||||||||||||||
550,000 | Lear Corp | 5.250 | 05/15/49 | 477,917 | ||||||||||||||
300,000 | Magna International, Inc | 3.625 | 06/15/24 | 312,177 | ||||||||||||||
600,000 | Magna International, Inc | 4.150 | 10/01/25 | 657,467 | ||||||||||||||
300,000 | Toyota Motor Corp | 3.183 | 07/20/21 | 304,971 | ||||||||||||||
500,000 | Toyota Motor Corp | 2.157 | 07/02/22 | 496,916 | ||||||||||||||
300,000 | Toyota Motor Corp | 3.419 | 07/20/23 | 307,954 | ||||||||||||||
750,000 | Toyota Motor Corp | 2.358 | 07/02/24 | 749,828 | ||||||||||||||
300,000 | Toyota Motor Corp | 3.669 | 07/20/28 | 311,171 | ||||||||||||||
750,000 | Toyota Motor Corp | 2.760 | 07/02/29 | 755,821 | ||||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 17,531,688 | |||||||||||||||||
BANKS - 4.1% | ||||||||||||||||||
350,000 | Banco Bilbao Vizcaya Argentaria S.A. | 3.000 | 10/20/20 | 347,648 | ||||||||||||||
600,000 | Banco Santander S.A. | 3.500 | 04/11/22 | 593,475 | ||||||||||||||
800,000 | Banco Santander S.A. | 3.125 | 02/23/23 | 793,093 |
1 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,200,000 | Banco Santander S.A. | 3.848 | % | 04/12/23 | $ | 1,228,707 | |||||||||||
800,000 | Banco Santander S.A. | 2.706 | 06/27/24 | 792,281 | ||||||||||||||
400,000 | Banco Santander S.A. | 5.179 | 11/19/25 | 436,378 | ||||||||||||||
600,000 | Banco Santander S.A. | 4.250 | 04/11/27 | 611,169 | ||||||||||||||
675,000 | Banco Santander S.A. | 3.800 | 02/23/28 | 662,389 | ||||||||||||||
1,800,000 | Banco Santander S.A. | 4.379 | 04/12/28 | 1,843,555 | ||||||||||||||
600,000 | Banco Santander S.A. | 3.306 | 06/27/29 | 584,515 | ||||||||||||||
850,000 | Bancolombia S.A. | 3.000 | 01/29/25 | 761,609 | ||||||||||||||
1,750,000 | Bank of America Corp | 2.625 | 04/19/21 | 1,761,415 | ||||||||||||||
3,000,000 | Bank of America Corp | 2.738 | 01/23/22 | 2,996,377 | ||||||||||||||
3,000,000 | Bank of America Corp | 3.499 | 05/17/22 | 3,035,253 | ||||||||||||||
350,000 | Bank of America Corp | 2.503 | 10/21/22 | 350,791 | ||||||||||||||
2,225,000 | Bank of America Corp | 3.300 | 01/11/23 | 2,304,546 | ||||||||||||||
1,150,000 | Bank of America Corp | 3.124 | 01/20/23 | 1,169,994 | ||||||||||||||
775,000 | Bank of America Corp | 2.881 | 04/24/23 | 777,976 | ||||||||||||||
1,200,000 | Bank of America Corp | 2.816 | 07/21/23 | 1,204,619 | ||||||||||||||
3,718,000 | Bank of America Corp | 3.004 | 12/20/23 | 3,787,484 | ||||||||||||||
3,500,000 | Bank of America Corp | 4.125 | 01/22/24 | 3,731,482 | ||||||||||||||
1,750,000 | Bank of America Corp | 3.550 | 03/05/24 | 1,814,045 | ||||||||||||||
1,500,000 | Bank of America Corp | 3.864 | 07/23/24 | 1,573,716 | ||||||||||||||
1,475,000 | Bank of America Corp | 4.200 | 08/26/24 | 1,567,802 | ||||||||||||||
10,300,000 | Bank of America Corp | 3.458 | 03/15/25 | 10,623,045 | ||||||||||||||
3,550,000 | Bank of America Corp | 3.950 | 04/21/25 | 3,733,204 | ||||||||||||||
3,000,000 | Bank of America Corp | 3.093 | 10/01/25 | 3,061,035 | ||||||||||||||
725,000 | Bank of America Corp | 2.456 | 10/22/25 | 731,134 | ||||||||||||||
4,000,000 | Bank of America Corp | 3.366 | 01/23/26 | 4,159,056 | ||||||||||||||
3,000,000 | Bank of America Corp | 2.015 | 02/13/26 | 2,936,542 | ||||||||||||||
7,800,000 | Bank of America Corp | 3.559 | 04/23/27 | 8,163,868 | ||||||||||||||
2,000,000 | Bank of America Corp | 3.593 | 07/21/28 | 2,046,961 | ||||||||||||||
5,690,000 | Bank of America Corp | 3.419 | 12/20/28 | 5,875,053 | ||||||||||||||
1,250,000 | Bank of America Corp | 3.970 | 03/05/29 | 1,349,113 | ||||||||||||||
1,400,000 | Bank of America Corp | 4.271 | 07/23/29 | 1,519,350 | ||||||||||||||
3,075,000 | Bank of America Corp | 3.974 | 02/07/30 | 3,320,348 | ||||||||||||||
1,675,000 | Bank of America Corp | 3.194 | 07/23/30 | 1,710,458 | ||||||||||||||
1,050,000 | Bank of America Corp | 2.884 | 10/22/30 | 1,048,520 | ||||||||||||||
4,000,000 | Bank of America Corp | 2.496 | 02/13/31 | 3,837,676 | ||||||||||||||
1,500,000 | Bank of America Corp | 6.110 | 01/29/37 | 1,954,521 | ||||||||||||||
4,500,000 | Bank of America Corp | 4.078 | 04/23/40 | 5,043,843 | ||||||||||||||
1,500,000 | Bank of America Corp | 5.000 | 01/21/44 | 1,908,140 | ||||||||||||||
2,800,000 | Bank of America Corp | 4.443 | 01/20/48 | 3,142,231 | ||||||||||||||
3,000,000 | Bank of America Corp | 3.946 | 01/23/49 | 3,187,689 | ||||||||||||||
1,250,000 | Bank of America Corp | 4.330 | 03/15/50 | 1,466,326 | ||||||||||||||
1,500,000 | Bank of America Corp | 4.083 | 03/20/51 | 1,702,759 | ||||||||||||||
550,000 | Bank of America NA | 3.335 | 01/25/23 | 549,579 | ||||||||||||||
500,000 | Bank of Nova Scotia | 2.500 | 01/08/21 | 501,382 | ||||||||||||||
200,000 | Bank of Nova Scotia | 4.375 | 01/13/21 | 202,786 | ||||||||||||||
300,000 | Bank of Nova Scotia | 2.450 | 03/22/21 | 300,945 | ||||||||||||||
2,000,000 | Bank of Nova Scotia | 3.125 | 04/20/21 | 2,021,028 | ||||||||||||||
1,000,000 | Bank of Nova Scotia | 1.875 | 04/26/21 | 1,000,396 | ||||||||||||||
250,000 | Bank of Nova Scotia | 2.800 | 07/21/21 | 252,755 | ||||||||||||||
1,000,000 | Bank of Nova Scotia | 2.000 | 11/15/22 | 1,003,851 | ||||||||||||||
375,000 | Bank of Nova Scotia | 2.375 | 01/18/23 | 377,278 | ||||||||||||||
750,000 | Bank of Nova Scotia | 1.950 | 02/01/23 | 745,681 | ||||||||||||||
750,000 | Bank of Nova Scotia | 2.200 | 02/03/25 | 747,848 |
2 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,550,000 | Bank of Nova Scotia | 4.500 | % | 12/16/25 | $ | 1,592,804 | |||||||||||
1,000,000 | Bank of Nova Scotia | 2.700 | 08/03/26 | 1,008,516 | ||||||||||||||
1,500,000 | Barclays Bank plc | 2.650 | 01/11/21 | 1,495,248 | ||||||||||||||
2,000,000 | Barclays plc | 3.200 | 08/10/21 | 1,979,827 | ||||||||||||||
1,500,000 | Barclays plc | 3.684 | 01/10/23 | 1,503,829 | ||||||||||||||
1,500,000 | Barclays plc | 4.610 | 02/15/23 | 1,526,156 | ||||||||||||||
525,000 | Barclays plc | 4.338 | 05/16/24 | 506,489 | ||||||||||||||
200,000 | Barclays plc | 4.375 | 09/11/24 | 207,212 | ||||||||||||||
1,425,000 | Barclays plc | 3.650 | 03/16/25 | 1,392,902 | ||||||||||||||
2,750,000 | Barclays plc | 3.932 | 05/07/25 | 2,639,116 | ||||||||||||||
975,000 | Barclays plc | 4.375 | 01/12/26 | 980,184 | ||||||||||||||
800,000 | Barclays plc | 5.200 | 05/12/26 | 817,225 | ||||||||||||||
700,000 | Barclays plc | 4.337 | 01/10/28 | 712,146 | ||||||||||||||
1,975,000 | Barclays plc | 4.836 | 05/09/28 | 2,037,056 | ||||||||||||||
1,500,000 | Barclays plc | 4.972 | 05/16/29 | 1,618,260 | ||||||||||||||
775,000 | Barclays plc | 5.250 | 08/17/45 | 854,197 | ||||||||||||||
575,000 | Barclays plc | 4.950 | 01/10/47 | 629,145 | ||||||||||||||
500,000 | BBVA USA | 3.500 | 06/11/21 | 497,320 | ||||||||||||||
500,000 | BBVA USA | 2.875 | 06/29/22 | 487,387 | ||||||||||||||
1,000,000 | BBVA USA | 2.500 | 08/27/24 | 974,948 | ||||||||||||||
500,000 | BBVA USA | 3.875 | 04/10/25 | 473,353 | ||||||||||||||
1,300,000 | BPCE S.A. | 2.650 | 02/03/21 | 1,288,713 | ||||||||||||||
400,000 | BPCE S.A. | 2.750 | 12/02/21 | 397,000 | ||||||||||||||
1,025,000 | BPCE S.A. | 4.000 | 04/15/24 | 1,063,143 | ||||||||||||||
300,000 | BPCE S.A. | 3.375 | 12/02/26 | 298,711 | ||||||||||||||
1,100,000 | Canadian Imperial Bank of Commerce | 2.700 | 02/02/21 | 1,104,349 | ||||||||||||||
500,000 | Canadian Imperial Bank of Commerce | 2.550 | 06/16/22 | 508,256 | ||||||||||||||
1,000,000 | Canadian Imperial Bank of Commerce | 2.606 | 07/22/23 | 1,008,312 | ||||||||||||||
500,000 | Canadian Imperial Bank of Commerce | 3.500 | 09/13/23 | 528,593 | ||||||||||||||
750,000 | Canadian Imperial Bank of Commerce | 3.100 | 04/02/24 | 775,229 | ||||||||||||||
1,000,000 | Canadian Imperial Bank of Commerce | 2.250 | 01/28/25 | 988,331 | ||||||||||||||
900,000 | Capital One NA | 2.950 | 07/23/21 | 902,515 | ||||||||||||||
1,250,000 | Capital One NA | 2.250 | 09/13/21 | 1,225,487 | ||||||||||||||
750,000 | Capital One NA | 2.650 | 08/08/22 | 742,684 | ||||||||||||||
475,000 | Capital One NA | 2.150 | 09/06/22 | 463,090 | ||||||||||||||
3,000,000 | CitiBank NA | 2.850 | 02/12/21 | 3,014,545 | ||||||||||||||
500,000 | CitiBank NA | 3.400 | 07/23/21 | 507,638 | ||||||||||||||
3,000,000 | CitiBank NA | 2.844 | 05/20/22 | 3,004,814 | ||||||||||||||
2,000,000 | CitiBank NA | 3.650 | 01/23/24 | 2,094,979 | ||||||||||||||
4,250,000 | Citigroup, Inc | 2.700 | 03/30/21 | 4,267,682 | ||||||||||||||
1,250,000 | Citigroup, Inc | 2.350 | 08/02/21 | 1,248,783 | ||||||||||||||
100,000 | Citigroup, Inc | 2.900 | 12/08/21 | 100,909 | ||||||||||||||
3,000,000 | Citigroup, Inc | 4.500 | 01/14/22 | 3,120,465 | ||||||||||||||
500,000 | Citigroup, Inc | 2.700 | 10/27/22 | 503,253 | ||||||||||||||
425,000 | Citigroup, Inc | 2.312 | 11/04/22 | 422,491 | ||||||||||||||
800,000 | Citigroup, Inc | 3.142 | 01/24/23 | 809,982 | ||||||||||||||
4,600,000 | Citigroup, Inc | 3.500 | 05/15/23 | 4,738,418 | ||||||||||||||
1,400,000 | Citigroup, Inc | 2.876 | 07/24/23 | 1,410,977 | ||||||||||||||
1,500,000 | Citigroup, Inc | 4.044 | 06/01/24 | 1,584,244 | ||||||||||||||
500,000 | Citigroup, Inc | 4.000 | 08/05/24 | 518,212 | ||||||||||||||
7,500,000 | Citigroup, Inc | 3.352 | 04/24/25 | 7,722,696 | ||||||||||||||
1,000,000 | Citigroup, Inc | 3.700 | 01/12/26 | 1,063,284 | ||||||||||||||
750,000 | Citigroup, Inc | 4.600 | 03/09/26 | 806,320 |
3 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,000,000 | Citigroup, Inc | 3.400 | % | 05/01/26 | $ | 1,071,198 | |||||||||||
1,100,000 | Citigroup, Inc | 4.300 | 11/20/26 | 1,163,129 | ||||||||||||||
1,500,000 | Citigroup, Inc | 4.450 | 09/29/27 | 1,572,836 | ||||||||||||||
500,000 | Citigroup, Inc | 3.887 | 01/10/28 | 514,683 | ||||||||||||||
1,000,000 | Citigroup, Inc | 3.668 | 07/24/28 | 1,036,200 | ||||||||||||||
2,025,000 | Citigroup, Inc | 4.125 | 07/25/28 | 2,078,136 | ||||||||||||||
3,000,000 | Citigroup, Inc | 3.520 | 10/27/28 | 3,003,919 | ||||||||||||||
4,000,000 | Citigroup, Inc | 4.075 | 04/23/29 | 4,242,198 | ||||||||||||||
1,750,000 | Citigroup, Inc | 3.980 | 03/20/30 | 1,870,763 | ||||||||||||||
1,500,000 | Citigroup, Inc | 2.976 | 11/05/30 | 1,486,219 | ||||||||||||||
5,000,000 | Citigroup, Inc | 2.666 | 01/29/31 | 4,851,476 | ||||||||||||||
175,000 | Citigroup, Inc | 6.625 | 06/15/32 | 210,460 | ||||||||||||||
750,000 | Citigroup, Inc | 3.878 | 01/24/39 | 742,894 | ||||||||||||||
325,000 | Citigroup, Inc | 8.125 | 07/15/39 | 512,848 | ||||||||||||||
350,000 | Citigroup, Inc | 5.875 | 01/30/42 | 469,587 | ||||||||||||||
400,000 | Citigroup, Inc | 6.675 | 09/13/43 | 541,235 | ||||||||||||||
125,000 | Citigroup, Inc | 5.300 | 05/06/44 | 151,692 | ||||||||||||||
675,000 | Citigroup, Inc | 4.650 | 07/30/45 | 807,068 | ||||||||||||||
3,075,000 | Citigroup, Inc | 4.750 | 05/18/46 | 3,521,083 | ||||||||||||||
5,075,000 | Citigroup, Inc | 4.650 | 07/23/48 | 6,109,268 | ||||||||||||||
300,000 | Citizens Bank NA | 2.250 | 10/30/20 | 300,677 | ||||||||||||||
150,000 | Citizens Bank NA | 2.550 | 05/13/21 | 149,832 | ||||||||||||||
925,000 | Citizens Bank NA | 3.250 | 02/14/22 | 937,129 | ||||||||||||||
350,000 | Citizens Bank NA | 2.650 | 05/26/22 | 349,579 | ||||||||||||||
500,000 | Citizens Bank NA | 3.700 | 03/29/23 | 512,167 | ||||||||||||||
250,000 | Citizens Bank NA | 3.750 | 02/18/26 | 254,984 | ||||||||||||||
100,000 | Citizens Financial Group, Inc | 2.375 | 07/28/21 | 100,770 | ||||||||||||||
850,000 | Citizens Financial Group, Inc | 4.300 | 12/03/25 | 889,796 | ||||||||||||||
500,000 | Citizens Financial Group, Inc | 2.850 | 07/27/26 | 487,673 | ||||||||||||||
200,000 | Citizens Financial Group, Inc | 2.500 | 02/06/30 | 176,935 | ||||||||||||||
500,000 | Comerica Bank | 2.500 | 07/23/24 | 495,694 | ||||||||||||||
200,000 | Comerica Bank | 4.000 | 07/27/25 | 202,072 | ||||||||||||||
625,000 | Comerica, Inc | 3.700 | 07/31/23 | 641,389 | ||||||||||||||
550,000 | Comerica, Inc | 4.000 | 02/01/29 | 554,498 | ||||||||||||||
800,000 | Commonwealth Bank of Australia | 2.550 | 03/15/21 | 800,896 | ||||||||||||||
500,000 | Cooperatieve Rabobank UA | 4.500 | 01/11/21 | 508,494 | ||||||||||||||
925,000 | Cooperatieve Rabobank UA | 2.750 | 01/10/22 | 930,700 | ||||||||||||||
1,500,000 | Cooperatieve Rabobank UA | 3.875 | 02/08/22 | 1,547,535 | ||||||||||||||
575,000 | Cooperatieve Rabobank UA | 3.950 | 11/09/22 | 578,351 | ||||||||||||||
425,000 | Cooperatieve Rabobank UA | 4.625 | 12/01/23 | 439,495 | ||||||||||||||
600,000 | Cooperatieve Rabobank UA | 4.375 | 08/04/25 | 614,638 | ||||||||||||||
2,700,000 | Cooperatieve Rabobank UA | 3.750 | 07/21/26 | 2,601,648 | ||||||||||||||
550,000 | Cooperatieve Rabobank UA | 5.250 | 05/24/41 | 757,652 | ||||||||||||||
400,000 | Cooperatieve Rabobank UA | 5.750 | 12/01/43 | 495,488 | ||||||||||||||
1,600,000 | Cooperatieve Rabobank UA | 5.250 | 08/04/45 | 1,944,112 | ||||||||||||||
1,000,000 | Cooperatieve Rabobank UA/NY | 2.500 | 01/19/21 | 1,000,462 | ||||||||||||||
1,000,000 | Cooperatieve Rabobank UA/NY | 3.125 | 04/26/21 | 1,007,336 | ||||||||||||||
1,900,000 | Cooperatieve Rabobank UA/NY | 2.750 | 01/10/23 | 1,925,645 | ||||||||||||||
2,050,000 | Cooperatieve Rabobank UA/NY | 3.375 | 05/21/25 | 2,176,786 | ||||||||||||||
300,000 | Discover Bank | 3.200 | 08/09/21 | 298,582 | ||||||||||||||
1,300,000 | Discover Bank | 3.350 | 02/06/23 | 1,305,396 | ||||||||||||||
1,350,000 | Discover Bank | 4.200 | 08/08/23 | 1,433,391 | ||||||||||||||
1,000,000 | Discover Bank | 2.450 | 09/12/24 | 958,067 | ||||||||||||||
200,000 | Discover Bank | 4.250 | 03/13/26 | 200,390 |
4 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,125,000 | Discover Bank | 3.450 | % | 07/27/26 | $ | 1,100,033 | |||||||||||
300,000 | Discover Bank | 4.682 | 08/09/28 | 305,463 | ||||||||||||||
350,000 | Discover Bank | 4.650 | 09/13/28 | 354,976 | ||||||||||||||
325,000 | Discover Bank | 2.700 | 02/06/30 | 282,533 | ||||||||||||||
400,000 | Fifth Third Bancorp | 2.875 | 07/27/20 | 397,957 | ||||||||||||||
200,000 | Fifth Third Bancorp | 3.500 | 03/15/22 | 201,743 | ||||||||||||||
750,000 | Fifth Third Bancorp | 2.600 | 06/15/22 | 741,100 | ||||||||||||||
450,000 | Fifth Third Bancorp | 4.300 | 01/16/24 | 482,999 | ||||||||||||||
675,000 | Fifth Third Bancorp | 3.650 | 01/25/24 | 701,930 | ||||||||||||||
1,000,000 | Fifth Third Bancorp | 2.375 | 01/28/25 | 973,942 | ||||||||||||||
500,000 | Fifth Third Bancorp | 3.950 | 03/14/28 | 525,838 | ||||||||||||||
140,000 | Fifth Third Bancorp | 8.250 | 03/01/38 | 184,837 | ||||||||||||||
300,000 | Fifth Third Bank | 2.250 | 06/14/21 | 298,530 | ||||||||||||||
650,000 | Fifth Third Bank | 3.350 | 07/26/21 | 654,907 | ||||||||||||||
200,000 | Fifth Third Bank | 2.875 | 10/01/21 | 201,742 | ||||||||||||||
500,000 | Fifth Third Bank | 1.800 | 01/30/23 | 492,799 | ||||||||||||||
300,000 | Fifth Third Bank | 3.950 | 07/28/25 | 325,832 | ||||||||||||||
2,400,000 | Fifth Third Bank | 3.850 | 03/15/26 | 2,529,170 | ||||||||||||||
1,000,000 | Fifth Third Bank | 2.250 | 02/01/27 | 946,301 | ||||||||||||||
500,000 | First Citizens BancShares, Inc | 3.375 | 03/15/30 | 505,295 | ||||||||||||||
200,000 | First Horizon National Corp | 3.500 | 12/15/20 | 198,002 | ||||||||||||||
2,200,000 | First Republic Bank | 2.500 | 06/06/22 | 2,167,456 | ||||||||||||||
500,000 | First Republic Bank | 1.912 | 02/12/24 | 479,540 | ||||||||||||||
175,000 | First Republic Bank | 4.375 | 08/01/46 | 186,378 | ||||||||||||||
550,000 | FNB Corp | 2.200 | 02/24/23 | 539,469 | ||||||||||||||
750,000 | HSBC Bank USA NA | 4.875 | 08/24/20 | 755,556 | ||||||||||||||
33,000 | HSBC Bank USA NA | 7.000 | 01/15/39 | 43,045 | ||||||||||||||
1,400,000 | HSBC Holdings plc | 3.400 | 03/08/21 | 1,407,702 | ||||||||||||||
725,000 | HSBC Holdings plc | 2.950 | 05/25/21 | 729,574 | ||||||||||||||
1,375,000 | HSBC Holdings plc | 2.650 | 01/05/22 | 1,372,822 | ||||||||||||||
450,000 | HSBC Holdings plc | 4.875 | 01/14/22 | 457,313 | ||||||||||||||
650,000 | HSBC Holdings plc | 4.000 | 03/30/22 | 667,744 | ||||||||||||||
3,625,000 | HSBC Holdings plc | 3.262 | 03/13/23 | 3,630,279 | ||||||||||||||
2,275,000 | HSBC Holdings plc | 3.600 | 05/25/23 | 2,310,946 | ||||||||||||||
600,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 595,575 | ||||||||||||||
2,625,000 | HSBC Holdings plc | 4.250 | 03/14/24 | 2,700,220 | ||||||||||||||
2,325,000 | HSBC Holdings plc | 3.950 | 05/18/24 | 2,382,221 | ||||||||||||||
2,500,000 | HSBC Holdings plc | 3.803 | 03/11/25 | 2,602,727 | ||||||||||||||
450,000 | HSBC Holdings plc | 4.250 | 08/18/25 | 469,152 | ||||||||||||||
2,000,000 | HSBC Holdings plc | 2.633 | 11/07/25 | 1,940,511 | ||||||||||||||
1,875,000 | HSBC Holdings plc | 4.300 | 03/08/26 | 2,001,574 | ||||||||||||||
2,475,000 | HSBC Holdings plc | 3.900 | 05/25/26 | 2,518,041 | ||||||||||||||
1,100,000 | HSBC Holdings plc | 4.292 | 09/12/26 | 1,149,961 | ||||||||||||||
450,000 | HSBC Holdings plc | 4.375 | 11/23/26 | 477,812 | ||||||||||||||
3,925,000 | HSBC Holdings plc | 4.041 | 03/13/28 | 3,994,740 | ||||||||||||||
2,775,000 | HSBC Holdings plc | 4.583 | 06/19/29 | 2,953,686 | ||||||||||||||
4,000,000 | HSBC Holdings plc | 3.973 | 05/22/30 | 4,108,093 | ||||||||||||||
300,000 | HSBC Holdings plc | 6.500 | 05/02/36 | 354,633 | ||||||||||||||
2,700,000 | HSBC Holdings plc | 6.500 | 09/15/37 | 3,249,470 | ||||||||||||||
200,000 | HSBC Holdings plc | 6.800 | 06/01/38 | 243,837 | ||||||||||||||
550,000 | HSBC Holdings plc | 6.100 | 01/14/42 | 684,337 | ||||||||||||||
1,175,000 | HSBC Holdings plc | 5.250 | 03/14/44 | 1,330,364 | ||||||||||||||
1,250,000 | HSBC USA, Inc | 3.500 | 06/23/24 | 1,257,146 |
5 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 2,000,000 | Huntington Bancshares, Inc | 3.150 | % | 03/14/21 | $ | 2,005,125 | |||||||||||
400,000 | Huntington Bancshares, Inc | 2.300 | 01/14/22 | 396,384 | ||||||||||||||
1,000,000 | Huntington Bancshares, Inc | 2.625 | 08/06/24 | 1,012,939 | ||||||||||||||
500,000 | Huntington Bancshares, Inc | 4.000 | 05/15/25 | 523,459 | ||||||||||||||
1,000,000 | Huntington Bancshares, Inc | 2.550 | 02/04/30 | 907,703 | ||||||||||||||
300,000 | Huntington National Bank | 3.250 | 05/14/21 | 302,310 | ||||||||||||||
300,000 | Huntington National Bank | 3.125 | 04/01/22 | 303,972 | ||||||||||||||
375,000 | Huntington National Bank | 1.800 | 02/03/23 | 367,572 | ||||||||||||||
1,300,000 | Industrial & Commercial Bank of China Ltd | 2.905 | 11/13/20 | 1,313,749 | ||||||||||||||
300,000 | Industrial & Commercial Bank of China Ltd | 2.635 | 05/26/21 | 304,827 | ||||||||||||||
250,000 | Industrial & Commercial Bank of China Ltd | 2.452 | 10/20/21 | 255,225 | ||||||||||||||
4,750,000 | Industrial & Commercial Bank of China Ltd | 3.538 | 11/08/27 | 5,119,191 | ||||||||||||||
750,000 | ING Groep NV | 3.150 | 03/29/22 | 753,381 | ||||||||||||||
1,200,000 | ING Groep NV | 4.100 | 10/02/23 | 1,231,452 | ||||||||||||||
575,000 | ING Groep NV | 3.550 | 04/09/24 | 577,860 | ||||||||||||||
1,250,000 | ING Groep NV | 3.950 | 03/29/27 | 1,249,769 | ||||||||||||||
500,000 | ING Groep NV | 4.550 | 10/02/28 | 531,324 | ||||||||||||||
825,000 | ING Groep NV | 4.050 | 04/09/29 | 854,089 | ||||||||||||||
2,000,000 | JPMorgan Chase & Co | 2.550 | 03/01/21 | 2,004,788 | ||||||||||||||
1,000,000 | JPMorgan Chase & Co | 2.400 | 06/07/21 | 1,004,785 | ||||||||||||||
325,000 | JPMorgan Chase & Co | 2.295 | 08/15/21 | 324,376 | ||||||||||||||
500,000 | JPMorgan Chase & Co | 4.500 | 01/24/22 | 522,153 | ||||||||||||||
800,000 | JPMorgan Chase & Co | 3.250 | 09/23/22 | 824,266 | ||||||||||||||
3,150,000 | JPMorgan Chase & Co | 2.972 | 01/15/23 | 3,206,932 | ||||||||||||||
3,075,000 | JPMorgan Chase & Co | 3.200 | 01/25/23 | 3,163,479 | ||||||||||||||
7,100,000 | JPMorgan Chase & Co | 3.207 | 04/01/23 | 7,235,744 | ||||||||||||||
500,000 | JPMorgan Chase & Co | 3.375 | 05/01/23 | 521,763 | ||||||||||||||
625,000 | JPMorgan Chase & Co | 2.700 | 05/18/23 | 641,203 | ||||||||||||||
475,000 | JPMorgan Chase & Co | 3.875 | 02/01/24 | 507,932 | ||||||||||||||
4,400,000 | JPMorgan Chase & Co | 3.559 | 04/23/24 | 4,570,315 | ||||||||||||||
1,525,000 | JPMorgan Chase & Co | 3.625 | 05/13/24 | 1,590,418 | ||||||||||||||
1,575,000 | JPMorgan Chase & Co | 3.797 | 07/23/24 | 1,648,402 | ||||||||||||||
2,675,000 | JPMorgan Chase & Co | 3.875 | 09/10/24 | 2,824,642 | ||||||||||||||
975,000 | JPMorgan Chase & Co | 4.023 | 12/05/24 | 1,032,993 | ||||||||||||||
625,000 | JPMorgan Chase & Co | 3.125 | 01/23/25 | 651,110 | ||||||||||||||
1,200,000 | JPMorgan Chase & Co | 3.220 | 03/01/25 | 1,243,957 | ||||||||||||||
2,125,000 | JPMorgan Chase & Co | 3.900 | 07/15/25 | 2,272,866 | ||||||||||||||
2,000,000 | JPMorgan Chase & Co | 2.301 | 10/15/25 | 2,000,206 | ||||||||||||||
2,000,000 | JPMorgan Chase & Co | 2.005 | 03/13/26 | 1,975,240 | ||||||||||||||
3,125,000 | JPMorgan Chase & Co | 3.300 | 04/01/26 | 3,279,353 | ||||||||||||||
1,450,000 | JPMorgan Chase & Co | 3.200 | 06/15/26 | 1,505,847 | ||||||||||||||
1,000,000 | JPMorgan Chase & Co | 2.950 | 10/01/26 | 1,033,405 | ||||||||||||||
1,350,000 | JPMorgan Chase & Co | 4.125 | 12/15/26 | 1,475,802 | ||||||||||||||
2,450,000 | JPMorgan Chase & Co | 3.960 | 01/29/27 | 2,646,029 | ||||||||||||||
250,000 | JPMorgan Chase & Co | 4.250 | 10/01/27 | 275,304 | ||||||||||||||
325,000 | JPMorgan Chase & Co | 3.625 | 12/01/27 | 344,615 | ||||||||||||||
1,375,000 | JPMorgan Chase & Co | 3.782 | 02/01/28 | 1,476,507 | ||||||||||||||
425,000 | JPMorgan Chase & Co | 3.540 | 05/01/28 | 448,279 | ||||||||||||||
4,600,000 | JPMorgan Chase & Co | 4.005 | 04/23/29 | 4,943,402 | ||||||||||||||
2,050,000 | JPMorgan Chase & Co | 4.203 | 07/23/29 | 2,251,963 | ||||||||||||||
1,750,000 | JPMorgan Chase & Co | 4.452 | 12/05/29 | 1,963,823 | ||||||||||||||
4,500,000 | JPMorgan Chase & Co | 3.702 | 05/06/30 | 4,833,130 | ||||||||||||||
5,050,000 | JPMorgan Chase & Co | 2.739 | 10/15/30 | 5,071,159 | ||||||||||||||
1,000,000 | JPMorgan Chase & Co | 3.882 | 07/24/38 | 1,117,448 |
6 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 958,000 | JPMorgan Chase & Co | 5.500 | % | 10/15/40 | $ | 1,311,563 | |||||||||||
1,000,000 | JPMorgan Chase & Co | 5.625 | 08/16/43 | 1,348,318 | ||||||||||||||
1,800,000 | JPMorgan Chase & Co | 4.950 | 06/01/45 | 2,316,630 | ||||||||||||||
2,050,000 | JPMorgan Chase & Co | 4.260 | 02/22/48 | 2,463,021 | ||||||||||||||
1,000,000 | JPMorgan Chase & Co | 4.032 | 07/24/48 | 1,158,862 | ||||||||||||||
4,500,000 | JPMorgan Chase & Co | 3.964 | 11/15/48 | 5,214,149 | ||||||||||||||
1,750,000 | JPMorgan Chase & Co | 3.897 | 01/23/49 | 2,023,655 | ||||||||||||||
750,000 | JPMorgan Chase & Co | 6.000 | N/A‡ | 750,000 | ||||||||||||||
500,000 | KeyBank NA | 2.500 | 11/22/21 | 500,989 | ||||||||||||||
500,000 | KeyBank NA | 3.300 | 02/01/22 | 511,076 | ||||||||||||||
300,000 | KeyBank NA | 3.180 | 05/22/22 | 300,919 | ||||||||||||||
300,000 | KeyBank NA | 2.400 | 06/09/22 | 300,925 | ||||||||||||||
625,000 | KeyBank NA | 2.300 | 09/14/22 | 625,680 | ||||||||||||||
425,000 | KeyBank NA | 1.250 | 03/10/23 | 416,219 | ||||||||||||||
750,000 | KeyBank NA | 3.300 | 06/01/25 | 780,803 | ||||||||||||||
300,000 | KeyBank NA | 3.400 | 05/20/26 | 312,576 | ||||||||||||||
250,000 | KeyBank NA | 3.900 | 04/13/29 | 249,133 | ||||||||||||||
1,200,000 | KeyCorp | 2.900 | 09/15/20 | 1,197,251 | ||||||||||||||
200,000 | KeyCorp | 4.150 | 10/29/25 | 210,116 | ||||||||||||||
850,000 | KeyCorp | 2.250 | 04/06/27 | 802,868 | ||||||||||||||
500,000 | KeyCorp | 4.100 | 04/30/28 | 526,638 | ||||||||||||||
1,000,000 | KeyCorp | 2.550 | 10/01/29 | 901,334 | ||||||||||||||
1,000,000 | Lloyds Bank plc | 2.250 | 08/14/22 | 996,127 | ||||||||||||||
575,000 | Lloyds Banking Group plc | 3.000 | 01/11/22 | 573,368 | ||||||||||||||
1,000,000 | Lloyds Banking Group plc | 2.858 | 03/17/23 | 985,848 | ||||||||||||||
1,175,000 | Lloyds Banking Group plc | 4.050 | 08/16/23 | 1,222,050 | ||||||||||||||
1,175,000 | Lloyds Banking Group plc | 2.907 | 11/07/23 | 1,173,502 | ||||||||||||||
1,800,000 | Lloyds Banking Group plc | 3.900 | 03/12/24 | 1,821,810 | ||||||||||||||
2,750,000 | Lloyds Banking Group plc | 4.500 | 11/04/24 | 2,802,874 | ||||||||||||||
1,375,000 | Lloyds Banking Group plc | 4.450 | 05/08/25 | 1,472,681 | ||||||||||||||
325,000 | Lloyds Banking Group plc | 4.582 | 12/10/25 | 334,357 | ||||||||||||||
1,500,000 | Lloyds Banking Group plc | 2.438 | 02/05/26 | 1,416,662 | ||||||||||||||
225,000 | Lloyds Banking Group plc | 4.650 | 03/24/26 | 231,772 | ||||||||||||||
500,000 | Lloyds Banking Group plc | 3.750 | 01/11/27 | 505,178 | ||||||||||||||
2,700,000 | Lloyds Banking Group plc | 4.375 | 03/22/28 | 2,905,005 | ||||||||||||||
700,000 | Lloyds Banking Group plc | 4.550 | 08/16/28 | 742,860 | ||||||||||||||
1,825,000 | Lloyds Banking Group plc | 3.574 | 11/07/28 | 1,811,175 | ||||||||||||||
1,150,000 | Lloyds Banking Group plc | 4.344 | 01/09/48 | 1,153,045 | ||||||||||||||
300,000 | M&T Bank Corp | 3.550 | 07/26/23 | 315,739 | ||||||||||||||
500,000 | Manufacturers & Traders Trust Co | 2.625 | 01/25/21 | 501,524 | ||||||||||||||
500,000 | Manufacturers & Traders Trust Co | 2.500 | 05/18/22 | 483,873 | ||||||||||||||
1,100,000 | Manufacturers & Traders Trust Co | 2.900 | 02/06/25 | 1,131,731 | ||||||||||||||
710,000 | Mitsubishi UFJ Financial Group, Inc | 2.950 | 03/01/21 | 709,473 | ||||||||||||||
1,300,000 | Mitsubishi UFJ Financial Group, Inc | 3.535 | 07/26/21 | 1,318,254 | ||||||||||||||
276,000 | Mitsubishi UFJ Financial Group, Inc | 2.190 | 09/13/21 | 272,247 | ||||||||||||||
400,000 | Mitsubishi UFJ Financial Group, Inc | 2.998 | 02/22/22 | 407,794 | ||||||||||||||
1,375,000 | Mitsubishi UFJ Financial Group, Inc | 3.218 | 03/07/22 | 1,393,929 | ||||||||||||||
1,000,000 | Mitsubishi UFJ Financial Group, Inc | 2.623 | 07/18/22 | 998,480 | ||||||||||||||
975,000 | Mitsubishi UFJ Financial Group, Inc | 2.665 | 07/25/22 | 976,437 | ||||||||||||||
1,925,000 | Mitsubishi UFJ Financial Group, Inc | 3.455 | 03/02/23 | 1,970,720 | ||||||||||||||
1,175,000 | Mitsubishi UFJ Financial Group, Inc | 3.761 | 07/26/23 | 1,214,340 | ||||||||||||||
900,000 | Mitsubishi UFJ Financial Group, Inc | 3.407 | 03/07/24 | 928,566 | ||||||||||||||
1,000,000 | Mitsubishi UFJ Financial Group, Inc | 2.801 | 07/18/24 | 1,007,290 |
7 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 2,000,000 | Mitsubishi UFJ Financial Group, Inc | 2.193 | % | 02/25/25 | $ | 1,980,264 | |||||||||||
1,625,000 | Mitsubishi UFJ Financial Group, Inc | 3.777 | 03/02/25 | 1,715,033 | ||||||||||||||
207,000 | Mitsubishi UFJ Financial Group, Inc | 3.850 | 03/01/26 | 211,160 | ||||||||||||||
225,000 | Mitsubishi UFJ Financial Group, Inc | 2.757 | 09/13/26 | 226,597 | ||||||||||||||
650,000 | Mitsubishi UFJ Financial Group, Inc | 3.677 | 02/22/27 | 678,182 | ||||||||||||||
700,000 | Mitsubishi UFJ Financial Group, Inc | 3.287 | 07/25/27 | 725,996 | ||||||||||||||
1,000,000 | Mitsubishi UFJ Financial Group, Inc | 3.961 | 03/02/28 | 1,040,006 | ||||||||||||||
300,000 | Mitsubishi UFJ Financial Group, Inc | 4.050 | 09/11/28 | 334,381 | ||||||||||||||
1,250,000 | Mitsubishi UFJ Financial Group, Inc | 3.741 | 03/07/29 | 1,327,076 | ||||||||||||||
1,000,000 | Mitsubishi UFJ Financial Group, Inc | 3.195 | 07/18/29 | 1,012,172 | ||||||||||||||
1,500,000 | Mitsubishi UFJ Financial Group, Inc | 2.559 | 02/25/30 | 1,441,647 | ||||||||||||||
300,000 | Mitsubishi UFJ Financial Group, Inc | 4.286 | 07/26/38 | 326,058 | ||||||||||||||
500,000 | Mitsubishi UFJ Financial Group, Inc | 4.153 | 03/07/39 | 546,353 | ||||||||||||||
1,425,000 | Mitsubishi UFJ Financial Group, Inc | 3.751 | 07/18/39 | 1,404,633 | ||||||||||||||
2,000,000 | Mizuho Financial Group, Inc | 2.601 | 09/11/22 | 1,999,890 | ||||||||||||||
700,000 | Mizuho Financial Group, Inc | 3.549 | 03/05/23 | 717,765 | ||||||||||||||
500,000 | Mizuho Financial Group, Inc | 2.555 | 09/13/25 | 493,867 | ||||||||||||||
500,000 | Mizuho Financial Group, Inc | 2.226 | 05/25/26 | 490,023 | ||||||||||||||
950,000 | Mizuho Financial Group, Inc | 2.839 | 09/13/26 | 923,463 | ||||||||||||||
200,000 | Mizuho Financial Group, Inc | 3.663 | 02/28/27 | 201,347 | ||||||||||||||
600,000 | Mizuho Financial Group, Inc | 3.170 | 09/11/27 | 601,433 | ||||||||||||||
725,000 | Mizuho Financial Group, Inc | 4.018 | 03/05/28 | 784,736 | ||||||||||||||
625,000 | Mizuho Financial Group, Inc | 4.254 | 09/11/29 | 632,432 | ||||||||||||||
1,000,000 | Mizuho Financial Group, Inc | 3.153 | 07/16/30 | 954,919 | ||||||||||||||
500,000 | Mizuho Financial Group, Inc | 2.869 | 09/13/30 | 475,097 | ||||||||||||||
500,000 | Mizuho Financial Group, Inc | 2.591 | 05/25/31 | 474,408 | ||||||||||||||
225,000 | MUFG Americas Holdings Corp | 3.500 | 06/18/22 | 229,295 | ||||||||||||||
160,000 | MUFG Americas Holdings Corp | 3.000 | 02/10/25 | 147,239 | ||||||||||||||
1,000,000 | MUFG Union Bank NA | 3.150 | 04/01/22 | 999,897 | ||||||||||||||
1,000,000 | MUFG Union Bank NA | 2.100 | 12/09/22 | 987,082 | ||||||||||||||
300,000 | National Australia Bank Ltd | 2.500 | 01/12/21 | 300,419 | ||||||||||||||
300,000 | National Australia Bank Ltd | 2.625 | 01/14/21 | 300,604 | ||||||||||||||
500,000 | National Australia Bank Ltd | 1.875 | 07/12/21 | 503,744 | ||||||||||||||
500,000 | National Australia Bank Ltd | 3.700 | 11/04/21 | 508,289 | ||||||||||||||
925,000 | National Australia Bank Ltd | 2.800 | 01/10/22 | 947,005 | ||||||||||||||
450,000 | National Australia Bank Ltd | 2.500 | 05/22/22 | 454,166 | ||||||||||||||
1,000,000 | National Australia Bank Ltd | 1.875 | 12/13/22 | 994,010 | ||||||||||||||
625,000 | National Australia Bank Ltd | 3.000 | 01/20/23 | 637,241 | ||||||||||||||
500,000 | National Australia Bank Ltd | 2.875 | 04/12/23 | 507,025 | ||||||||||||||
300,000 | National Australia Bank Ltd | 3.375 | 01/14/26 | 316,381 | ||||||||||||||
750,000 | National Australia Bank Ltd | 2.500 | 07/12/26 | 751,740 | ||||||||||||||
1,000,000 | National Bank of Canada | 2.100 | 02/01/23 | 995,146 | ||||||||||||||
350,000 | Northern Trust Corp | 2.375 | 08/02/22 | 361,262 | ||||||||||||||
625,000 | Northern Trust Corp | 3.950 | 10/30/25 | 654,248 | ||||||||||||||
500,000 | Northern Trust Corp | 3.650 | 08/03/28 | 498,867 | ||||||||||||||
500,000 | Northern Trust Corp | 3.150 | 05/03/29 | 517,840 | ||||||||||||||
100,000 | Northern Trust Corp | 3.375 | 05/08/32 | 96,913 | ||||||||||||||
300,000 | People’s United Bank NA | 4.000 | 07/15/24 | 303,203 | ||||||||||||||
100,000 | People’s United Financial, Inc | 3.650 | 12/06/22 | 102,645 | ||||||||||||||
500,000 | PNC Bank NA | 2.500 | 01/22/21 | 500,716 | ||||||||||||||
500,000 | PNC Bank NA | 2.150 | 04/29/21 | 500,108 | ||||||||||||||
850,000 | PNC Bank NA | 2.550 | 12/09/21 | 856,822 | ||||||||||||||
1,075,000 | PNC Bank NA | 2.625 | 02/17/22 | 1,087,295 | ||||||||||||||
1,500,000 | PNC Bank NA | 2.232 | 07/22/22 | 1,503,771 |
8 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,750,000 | PNC Bank NA | 2.450 | % | 07/28/22 | $ | 1,742,359 | |||||||||||
1,025,000 | PNC Bank NA | 2.700 | 11/01/22 | 1,037,931 | ||||||||||||||
1,000,000 | PNC Bank NA | 2.028 | 12/09/22 | 1,002,238 | ||||||||||||||
750,000 | PNC Bank NA | 2.950 | 01/30/23 | 770,269 | ||||||||||||||
800,000 | PNC Bank NA | 1.743 | 02/24/23 | 787,083 | ||||||||||||||
1,375,000 | PNC Bank NA | 3.500 | 06/08/23 | 1,422,653 | ||||||||||||||
250,000 | PNC Bank NA | 3.800 | 07/25/23 | 266,228 | ||||||||||||||
600,000 | PNC Bank NA | 2.950 | 02/23/25 | 621,119 | ||||||||||||||
550,000 | PNC Bank NA | 3.250 | 06/01/25 | 585,505 | ||||||||||||||
500,000 | PNC Bank NA | 3.100 | 10/25/27 | 514,473 | ||||||||||||||
500,000 | PNC Bank NA | 3.250 | 01/22/28 | 506,685 | ||||||||||||||
903,000 | PNC Bank NA | 4.050 | 07/26/28 | 980,191 | ||||||||||||||
475,000 | PNC Bank NA | 2.700 | 10/22/29 | 460,695 | ||||||||||||||
425,000 | PNC Financial Services Group, Inc | 3.300 | 03/08/22 | 431,987 | ||||||||||||||
500,000 | PNC Financial Services Group, Inc | 3.500 | 01/23/24 | 518,600 | ||||||||||||||
300,000 | PNC Financial Services Group, Inc | 3.900 | 04/29/24 | 320,300 | ||||||||||||||
500,000 | PNC Financial Services Group, Inc | 2.200 | 11/01/24 | 517,951 | ||||||||||||||
1,500,000 | PNC Financial Services Group, Inc | 2.600 | 07/23/26 | 1,515,003 | ||||||||||||||
300,000 | PNC Financial Services Group, Inc | 3.150 | 05/19/27 | 314,273 | ||||||||||||||
1,575,000 | PNC Financial Services Group, Inc | 3.450 | 04/23/29 | 1,561,915 | ||||||||||||||
1,000,000 | PNC Financial Services Group, Inc | 2.550 | 01/22/30 | 968,567 | ||||||||||||||
150,000 | PNC Financial Services Group, Inc (Step Bond) | 2.854 | 11/09/22 | 153,877 | ||||||||||||||
500,000 | Regions Bank | 2.750 | 04/01/21 | 493,740 | ||||||||||||||
250,000 | Regions Bank | 3.374 | 08/13/21 | 250,379 | ||||||||||||||
300,000 | Regions Bank | 6.450 | 06/26/37 | 381,763 | ||||||||||||||
850,000 | Regions Financial Corp | 2.750 | 08/14/22 | 840,498 | ||||||||||||||
2,075,000 | Regions Financial Corp | 3.800 | 08/14/23 | 2,100,738 | ||||||||||||||
500,000 | Royal Bank of Canada | 2.100 | 10/14/20 | 498,899 | ||||||||||||||
750,000 | Royal Bank of Canada | 2.300 | 03/22/21 | 750,501 | ||||||||||||||
2,675,000 | Royal Bank of Canada | 3.200 | 04/30/21 | 2,706,570 | ||||||||||||||
1,600,000 | Royal Bank of Canada | 2.750 | 02/01/22 | 1,635,942 | ||||||||||||||
1,000,000 | Royal Bank of Canada | 2.800 | 04/29/22 | 1,012,437 | ||||||||||||||
1,000,000 | Royal Bank of Canada | 1.950 | 01/17/23 | 989,885 | ||||||||||||||
850,000 | Royal Bank of Canada | 3.700 | 10/05/23 | 894,936 | ||||||||||||||
1,000,000 | Royal Bank of Canada | 2.550 | 07/16/24 | 1,018,367 | ||||||||||||||
750,000 | Royal Bank of Canada | 2.250 | 11/01/24 | 757,523 | ||||||||||||||
1,000,000 | Royal Bank of Canada | 4.650 | 01/27/26 | 1,045,763 | ||||||||||||||
550,000 | Royal Bank of Scotland Group plc | 6.125 | 12/15/22 | 567,321 | ||||||||||||||
4,000,000 | Royal Bank of Scotland Group plc | 3.498 | 05/15/23 | 3,949,175 | ||||||||||||||
275,000 | Royal Bank of Scotland Group plc | 6.100 | 06/10/23 | 282,753 | ||||||||||||||
1,275,000 | Royal Bank of Scotland Group plc | 3.875 | 09/12/23 | 1,287,925 | ||||||||||||||
175,000 | Royal Bank of Scotland Group plc | 6.000 | 12/19/23 | 181,794 | ||||||||||||||
175,000 | Royal Bank of Scotland Group plc | 5.125 | 05/28/24 | 176,724 | ||||||||||||||
700,000 | Royal Bank of Scotland Group plc | 4.519 | 06/25/24 | 704,803 | ||||||||||||||
750,000 | Royal Bank of Scotland Group plc | 4.269 | 03/22/25 | 770,596 | ||||||||||||||
750,000 | Royal Bank of Scotland Group plc | 4.800 | 04/05/26 | 745,466 | ||||||||||||||
1,000,000 | Royal Bank of Scotland Group plc | 4.892 | 05/18/29 | 1,059,326 | ||||||||||||||
750,000 | Royal Bank of Scotland Group plc | 3.754 | 11/01/29 | 693,661 | ||||||||||||||
3,000,000 | Royal Bank of Scotland Group plc | 5.076 | 01/27/30 | 3,260,798 | ||||||||||||||
1,500,000 | Royal Bank of Scotland Group plc | 4.445 | 05/08/30 | 1,572,302 | ||||||||||||||
1,200,000 | Santander Holdings USA, Inc | 3.400 | 01/18/23 | 1,185,496 | ||||||||||||||
375,000 | Santander Holdings USA, Inc | 3.500 | 06/07/24 | 366,071 | ||||||||||||||
775,000 | Santander Holdings USA, Inc | 4.500 | 07/17/25 | 790,800 |
9 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,850,000 | Santander Holdings USA, Inc | 3.244 | % | 10/05/26 | $ | 1,651,836 | |||||||||||
650,000 | Santander Holdings USA, Inc | 4.400 | 07/13/27 | 639,338 | ||||||||||||||
600,000 | Santander UK Group Holdings plc | 2.875 | 10/16/20 | 599,764 | ||||||||||||||
200,000 | Santander UK Group Holdings plc | 3.125 | 01/08/21 | 199,533 | ||||||||||||||
1,775,000 | Santander UK Group Holdings plc | 3.571 | 01/10/23 | 1,765,314 | ||||||||||||||
775,000 | Santander UK Group Holdings plc | 3.373 | 01/05/24 | 780,341 | ||||||||||||||
725,000 | Santander UK Group Holdings plc | 4.796 | 11/15/24 | 759,754 | ||||||||||||||
500,000 | Santander UK Group Holdings plc | 3.823 | 11/03/28 | 526,852 | ||||||||||||||
1,200,000 | Santander UK plc | 2.125 | 11/03/20 | 1,193,116 | ||||||||||||||
200,000 | Santander UK plc | 2.500 | 01/05/21 | 194,609 | ||||||||||||||
750,000 | Santander UK plc | 3.400 | 06/01/21 | 751,270 | ||||||||||||||
400,000 | Santander UK plc | 3.750 | 11/15/21 | 389,298 | ||||||||||||||
775,000 | Santander UK plc | 4.000 | 03/13/24 | 797,543 | ||||||||||||||
1,000,000 | Santander UK plc | 2.875 | 06/18/24 | 998,328 | ||||||||||||||
350,000 | Shinhan Bank Co Ltd | 3.875 | 12/07/26 | 348,071 | ||||||||||||||
500,000 | Skandinaviska Enskilda Banken AB | 2.625 | 03/15/21 | 500,236 | ||||||||||||||
400,000 | Skandinaviska Enskilda Banken AB | 1.875 | 09/13/21 | 396,187 | ||||||||||||||
900,000 | Skandinaviska Enskilda Banken AB | 2.800 | 03/11/22 | 884,229 | ||||||||||||||
500,000 | Sumitomo Mitsui Banking Corp | 2.650 | 07/23/20 | 496,020 | ||||||||||||||
300,000 | Sumitomo Mitsui Banking Corp | 2.450 | 10/20/20 | 296,445 | ||||||||||||||
500,000 | Sumitomo Mitsui Banking Corp | 3.200 | 07/18/22 | 504,667 | ||||||||||||||
800,000 | Sumitomo Mitsui Banking Corp | 3.000 | 01/18/23 | 809,731 | ||||||||||||||
300,000 | Sumitomo Mitsui Banking Corp | 3.950 | 01/10/24 | 317,788 | ||||||||||||||
500,000 | Sumitomo Mitsui Banking Corp | 3.400 | 07/11/24 | 519,721 | ||||||||||||||
250,000 | Sumitomo Mitsui Banking Corp | 3.650 | 07/23/25 | 259,649 | ||||||||||||||
500,000 | Sumitomo Mitsui Financial Group, Inc | 2.934 | 03/09/21 | 500,717 | ||||||||||||||
1,250,000 | Sumitomo Mitsui Financial Group, Inc | 2.058 | 07/14/21 | 1,239,678 | ||||||||||||||
425,000 | Sumitomo Mitsui Financial Group, Inc | 2.442 | 10/19/21 | 425,777 | ||||||||||||||
425,000 | Sumitomo Mitsui Financial Group, Inc | 2.846 | 01/11/22 | 428,839 | ||||||||||||||
925,000 | Sumitomo Mitsui Financial Group, Inc | 2.784 | 07/12/22 | 929,219 | ||||||||||||||
1,650,000 | Sumitomo Mitsui Financial Group, Inc | 2.778 | 10/18/22 | 1,672,693 | ||||||||||||||
1,725,000 | Sumitomo Mitsui Financial Group, Inc | 3.102 | 01/17/23 | 1,727,100 | ||||||||||||||
900,000 | Sumitomo Mitsui Financial Group, Inc | 3.748 | 07/19/23 | 939,154 | ||||||||||||||
1,300,000 | Sumitomo Mitsui Financial Group, Inc | 3.936 | 10/16/23 | 1,367,582 | ||||||||||||||
1,000,000 | Sumitomo Mitsui Financial Group, Inc | 2.696 | 07/16/24 | 999,401 | ||||||||||||||
1,000,000 | Sumitomo Mitsui Financial Group, Inc | 2.448 | 09/27/24 | 997,143 | ||||||||||||||
1,500,000 | Sumitomo Mitsui Financial Group, Inc | 2.348 | 01/15/25 | 1,489,680 | ||||||||||||||
1,300,000 | Sumitomo Mitsui Financial Group, Inc | 3.784 | 03/09/26 | 1,417,001 | ||||||||||||||
900,000 | Sumitomo Mitsui Financial Group, Inc | 2.632 | 07/14/26 | 900,339 | ||||||||||||||
700,000 | Sumitomo Mitsui Financial Group, Inc | 3.010 | 10/19/26 | 728,356 | ||||||||||||||
725,000 | Sumitomo Mitsui Financial Group, Inc | 3.446 | 01/11/27 | 771,026 | ||||||||||||||
775,000 | Sumitomo Mitsui Financial Group, Inc | 3.364 | 07/12/27 | 810,219 | ||||||||||||||
500,000 | Sumitomo Mitsui Financial Group, Inc | 3.352 | 10/18/27 | 475,122 | ||||||||||||||
675,000 | Sumitomo Mitsui Financial Group, Inc | 3.544 | 01/17/28 | 668,854 | ||||||||||||||
750,000 | Sumitomo Mitsui Financial Group, Inc | 3.944 | 07/19/28 | 828,226 | ||||||||||||||
500,000 | Sumitomo Mitsui Financial Group, Inc | 4.306 | 10/16/28 | 528,733 | ||||||||||||||
1,500,000 | Sumitomo Mitsui Financial Group, Inc | 3.040 | 07/16/29 | 1,498,941 | ||||||||||||||
500,000 | Sumitomo Mitsui Financial Group, Inc | 3.202 | 09/17/29 | 510,477 | ||||||||||||||
1,000,000 | Sumitomo Mitsui Financial Group, Inc | 2.724 | 09/27/29 | 971,862 | ||||||||||||||
1,500,000 | Sumitomo Mitsui Financial Group, Inc | 2.750 | 01/15/30 | 1,455,511 | ||||||||||||||
750,000 | Svenska Handelsbanken AB | 2.450 | 03/30/21 | 753,054 | ||||||||||||||
750,000 | Svenska Handelsbanken AB | 3.350 | 05/24/21 | 758,900 | ||||||||||||||
1,000,000 | Svenska Handelsbanken AB | 1.875 | 09/07/21 | 978,067 | ||||||||||||||
889,000 | Svenska Handelsbanken AB | 3.900 | 11/20/23 | 923,537 |
10 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,250,000 | Synchrony Bank | 3.650 | % | 05/24/21 | $ | 1,234,466 | |||||||||||
475,000 | Synchrony Bank | 3.000 | 06/15/22 | 471,341 | ||||||||||||||
500,000 | Synovus Bank | 2.289 | 02/10/23 | 492,731 | ||||||||||||||
300,000 | Synovus Financial Corp | 3.125 | 11/01/22 | 300,633 | ||||||||||||||
1,000,000 | Toronto-Dominion Bank | 2.550 | 01/25/21 | 988,459 | ||||||||||||||
900,000 | Toronto-Dominion Bank | 2.125 | 04/07/21 | 900,498 | ||||||||||||||
1,525,000 | Toronto-Dominion Bank | 3.250 | 06/11/21 | 1,556,699 | ||||||||||||||
2,000,000 | Toronto-Dominion Bank | 1.800 | 07/13/21 | 2,008,973 | ||||||||||||||
750,000 | Toronto-Dominion Bank | 1.900 | 12/01/22 | 749,428 | ||||||||||||||
500,000 | Toronto-Dominion Bank | 3.500 | 07/19/23 | 515,636 | ||||||||||||||
1,525,000 | Toronto-Dominion Bank | 3.250 | 03/11/24 | 1,593,750 | ||||||||||||||
1,250,000 | Toronto-Dominion Bank | 2.650 | 06/12/24 | 1,276,014 | ||||||||||||||
1,000,000 | Toronto-Dominion Bank | 3.625 | 09/15/31 | 994,410 | ||||||||||||||
300,000 | Truist Bank | 2.850 | 04/01/21 | 300,815 | ||||||||||||||
300,000 | Truist Bank | 3.525 | 10/26/21 | 300,257 | ||||||||||||||
1,100,000 | Truist Bank | 2.625 | 01/15/22 | 1,109,610 | ||||||||||||||
750,000 | Truist Bank | 2.800 | 05/17/22 | 759,382 | ||||||||||||||
1,450,000 | Truist Bank | 2.450 | 08/01/22 | 1,452,974 | ||||||||||||||
300,000 | Truist Bank | 3.502 | 08/02/22 | 303,338 | ||||||||||||||
500,000 | Truist Bank | 3.000 | 02/02/23 | 513,186 | ||||||||||||||
750,000 | Truist Bank | 1.250 | 03/09/23 | 726,775 | ||||||||||||||
1,000,000 | Truist Bank | 3.200 | 04/01/24 | 1,032,970 | ||||||||||||||
500,000 | Truist Bank | 3.689 | 08/02/24 | 518,691 | ||||||||||||||
750,000 | Truist Bank | 2.150 | 12/06/24 | 742,920 | ||||||||||||||
1,000,000 | Truist Bank | 1.500 | 03/10/25 | 973,257 | ||||||||||||||
500,000 | Truist Bank | 3.625 | 09/16/25 | 525,520 | ||||||||||||||
200,000 | Truist Bank | 4.050 | 11/03/25 | 207,065 | ||||||||||||||
375,000 | Truist Bank | 3.300 | 05/15/26 | 384,710 | ||||||||||||||
500,000 | Truist Bank | 3.800 | 10/30/26 | 525,476 | ||||||||||||||
750,000 | Truist Bank | 2.636 | 09/17/29 | 718,459 | ||||||||||||||
475,000 | Truist Bank | 2.250 | 03/11/30 | 435,527 | ||||||||||||||
300,000 | Truist Financial Corp | 2.150 | 02/01/21 | 299,647 | ||||||||||||||
800,000 | Truist Financial Corp | 2.900 | 03/03/21 | 801,812 | ||||||||||||||
500,000 | Truist Financial Corp | 2.050 | 05/10/21 | 499,208 | ||||||||||||||
750,000 | Truist Financial Corp | 3.200 | 09/03/21 | 754,678 | ||||||||||||||
225,000 | Truist Financial Corp | 2.700 | 01/27/22 | 226,229 | ||||||||||||||
200,000 | Truist Financial Corp | 3.950 | 03/22/22 | 205,533 | ||||||||||||||
1,150,000 | Truist Financial Corp | 2.750 | 04/01/22 | 1,157,344 | ||||||||||||||
500,000 | Truist Financial Corp | 3.050 | 06/20/22 | 510,555 | ||||||||||||||
750,000 | Truist Financial Corp | 2.200 | 03/16/23 | 751,404 | ||||||||||||||
775,000 | Truist Financial Corp | 3.750 | 12/06/23 | 822,080 | ||||||||||||||
1,000,000 | Truist Financial Corp | 2.500 | 08/01/24 | 988,888 | ||||||||||||||
825,000 | Truist Financial Corp | 2.850 | 10/26/24 | 836,429 | ||||||||||||||
900,000 | Truist Financial Corp | 4.000 | 05/01/25 | 948,066 | ||||||||||||||
975,000 | Truist Financial Corp | 3.700 | 06/05/25 | 985,176 | ||||||||||||||
500,000 | Truist Financial Corp | 3.875 | 03/19/29 | 507,157 | ||||||||||||||
4,075,000 | US Bancorp | 2.625 | 01/24/22 | 4,126,893 | ||||||||||||||
250,000 | US Bancorp | 3.000 | 03/15/22 | 254,968 | ||||||||||||||
450,000 | US Bancorp | 2.950 | 07/15/22 | 458,905 | ||||||||||||||
125,000 | US Bancorp | 3.700 | 01/30/24 | 132,001 | ||||||||||||||
1,225,000 | US Bancorp | 3.375 | 02/05/24 | 1,300,937 | ||||||||||||||
2,225,000 | US Bancorp | 3.600 | 09/11/24 | 2,284,259 | ||||||||||||||
125,000 | US Bancorp | 3.950 | 11/17/25 | 135,684 |
11 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 750,000 | US Bancorp | 3.100 | % | 04/27/26 | $ | 759,639 | |||||||||||
700,000 | US Bancorp | 2.375 | 07/22/26 | 690,207 | ||||||||||||||
1,175,000 | US Bancorp | 3.150 | 04/27/27 | 1,220,644 | ||||||||||||||
750,000 | US Bancorp | 3.900 | 04/26/28 | 826,951 | ||||||||||||||
600,000 | US Bancorp | 3.000 | 07/30/29 | 598,416 | ||||||||||||||
250,000 | US Bank NA | 2.050 | 10/23/20 | 249,795 | ||||||||||||||
1,000,000 | US Bank NA | 3.150 | 04/26/21 | 1,008,311 | ||||||||||||||
325,000 | US Bank NA | 3.450 | 11/16/21 | 331,229 | ||||||||||||||
1,400,000 | US Bank NA | 2.850 | 01/23/23 | 1,430,360 | ||||||||||||||
1,250,000 | US Bank NA | 3.400 | 07/24/23 | 1,314,848 | ||||||||||||||
750,000 | US Bank NA | 2.800 | 01/27/25 | 773,706 | ||||||||||||||
125,000 | Wachovia Corp | 5.500 | 08/01/35 | 142,978 | ||||||||||||||
200,000 | Webster Financial Corp | 4.100 | 03/25/29 | 210,022 | ||||||||||||||
3,000,000 | Wells Fargo Bank NA | 2.600 | 01/15/21 | 3,013,088 | ||||||||||||||
700,000 | Wells Fargo Bank NA | 3.325 | 07/23/21 | 701,145 | ||||||||||||||
1,300,000 | Wells Fargo Bank NA | 3.625 | 10/22/21 | 1,335,548 | ||||||||||||||
2,000,000 | Wells Fargo Bank NA | 2.897 | 05/27/22 | 2,010,513 | ||||||||||||||
1,000,000 | Wells Fargo Bank NA | 2.082 | 09/09/22 | 995,271 | ||||||||||||||
2,400,000 | Wells Fargo Bank NA | 3.550 | 08/14/23 | 2,514,924 | ||||||||||||||
250,000 | Wells Fargo Bank NA | 6.600 | 01/15/38 | 350,753 | ||||||||||||||
1,600,000 | Western Union Co | 3.600 | 03/15/22 | 1,620,630 | ||||||||||||||
200,000 | Western Union Co | 4.250 | 06/09/23 | 212,471 | ||||||||||||||
500,000 | Western Union Co | 2.850 | 01/10/25 | 497,658 | ||||||||||||||
500,000 | Westpac Banking Corp | 2.650 | 01/25/21 | 501,791 | ||||||||||||||
500,000 | Westpac Banking Corp | 2.100 | 05/13/21 | 499,281 | ||||||||||||||
575,000 | Westpac Banking Corp | 2.000 | 08/19/21 | 573,199 | ||||||||||||||
650,000 | Westpac Banking Corp | 2.800 | 01/11/22 | 656,110 | ||||||||||||||
925,000 | Westpac Banking Corp | 2.500 | 06/28/22 | 925,213 | ||||||||||||||
300,000 | Westpac Banking Corp | 2.750 | 01/11/23 | 305,255 | ||||||||||||||
1,150,000 | Westpac Banking Corp | 3.650 | 05/15/23 | 1,199,168 | ||||||||||||||
750,000 | Westpac Banking Corp | 3.300 | 02/26/24 | 770,881 | ||||||||||||||
2,000,000 | Westpac Banking Corp | 2.350 | 02/19/25 | 2,016,710 | ||||||||||||||
1,000,000 | Westpac Banking Corp | 2.850 | 05/13/26 | 1,033,556 | ||||||||||||||
675,000 | Westpac Banking Corp | 2.700 | 08/19/26 | 681,805 | ||||||||||||||
850,000 | Westpac Banking Corp | 3.350 | 03/08/27 | 860,273 | ||||||||||||||
725,000 | Westpac Banking Corp | 3.400 | 01/25/28 | 781,582 | ||||||||||||||
1,000,000 | Westpac Banking Corp | 2.894 | 02/04/30 | 959,449 | ||||||||||||||
950,000 | Westpac Banking Corp | 4.322 | 11/23/31 | 963,554 | ||||||||||||||
600,000 | Westpac Banking Corp | 4.110 | 07/24/34 | 582,258 | ||||||||||||||
900,000 | Westpac Banking Corp | 4.421 | 07/24/39 | 878,896 | ||||||||||||||
800,000 | Zions Bancorp NA | 3.350 | 03/04/22 | 784,389 | ||||||||||||||
400,000 | Zions Bancorp NA | 3.250 | 10/29/29 | 339,354 | ||||||||||||||
TOTAL BANKS | 675,523,819 | |||||||||||||||||
CAPITAL GOODS - 1.1% | ||||||||||||||||||
500,000 | ABB Finance USA, Inc | 2.875 | 05/08/22 | 503,921 | ||||||||||||||
1,100,000 | ABB Finance USA, Inc | 3.375 | 04/03/23 | 1,143,495 | ||||||||||||||
300,000 | ABB Finance USA, Inc | 3.800 | 04/03/28 | 319,195 | ||||||||||||||
650,000 | ABB Finance USA, Inc | 4.375 | 05/08/42 | 663,071 | ||||||||||||||
100,000 | Agilent Technologies, Inc | 3.200 | 10/01/22 | 100,454 | ||||||||||||||
400,000 | Agilent Technologies, Inc | 3.875 | 07/15/23 | 412,614 | ||||||||||||||
200,000 | Agilent Technologies, Inc | 3.050 | 09/22/26 | 210,358 | ||||||||||||||
500,000 | Agilent Technologies, Inc | 2.750 | 09/15/29 | 484,183 | ||||||||||||||
200,000 | Air Lease Corp | 2.500 | 03/01/21 | 183,947 |
12 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 200,000 | Air Lease Corp | 3.875 | % | 04/01/21 | $ | 182,983 | |||||||||||
200,000 | Air Lease Corp | 3.375 | 06/01/21 | 179,928 | ||||||||||||||
625,000 | Air Lease Corp | 3.500 | 01/15/22 | 569,582 | ||||||||||||||
500,000 | Air Lease Corp | 3.750 | 02/01/22 | 462,616 | ||||||||||||||
400,000 | Air Lease Corp | 2.625 | 07/01/22 | 342,993 | ||||||||||||||
575,000 | Air Lease Corp | 2.250 | 01/15/23 | 480,343 | ||||||||||||||
200,000 | Air Lease Corp | 2.750 | 01/15/23 | 169,488 | ||||||||||||||
750,000 | Air Lease Corp | 3.875 | 07/03/23 | 678,240 | ||||||||||||||
1,150,000 | Air Lease Corp | 3.000 | 09/15/23 | 926,918 | ||||||||||||||
300,000 | Air Lease Corp | 4.250 | 02/01/24 | 255,053 | ||||||||||||||
750,000 | Air Lease Corp | 2.300 | 02/01/25 | 572,002 | ||||||||||||||
300,000 | Air Lease Corp | 3.250 | 03/01/25 | 235,721 | ||||||||||||||
1,000,000 | Air Lease Corp | 3.750 | 06/01/26 | 863,063 | ||||||||||||||
500,000 | Air Lease Corp | 3.625 | 04/01/27 | 419,244 | ||||||||||||||
200,000 | Air Lease Corp | 3.625 | 12/01/27 | 166,626 | ||||||||||||||
300,000 | Air Lease Corp | 4.625 | 10/01/28 | 243,152 | ||||||||||||||
500,000 | Air Lease Corp | 3.250 | 10/01/29 | 400,575 | ||||||||||||||
750,000 | Air Lease Corp | 3.000 | 02/01/30 | �� | 542,256 | |||||||||||||
500,000 | Aircastle Ltd | 5.125 | 03/15/21 | 496,308 | ||||||||||||||
200,000 | Aircastle Ltd | 4.400 | 09/25/23 | 193,341 | ||||||||||||||
1,000,000 | Aircastle Ltd | 4.125 | 05/01/24 | 885,801 | ||||||||||||||
500,000 | Aircastle Ltd | 4.250 | 06/15/26 | 428,715 | ||||||||||||||
400,000 | Applied Materials, Inc | 4.300 | 06/15/21 | 412,139 | ||||||||||||||
250,000 | Applied Materials, Inc | 3.900 | 10/01/25 | 263,513 | ||||||||||||||
1,575,000 | Applied Materials, Inc | 3.300 | 04/01/27 | 1,677,019 | ||||||||||||||
250,000 | Applied Materials, Inc | 5.100 | 10/01/35 | 336,806 | ||||||||||||||
100,000 | Applied Materials, Inc | 5.850 | 06/15/41 | 142,330 | ||||||||||||||
1,200,000 | Applied Materials, Inc | 4.350 | 04/01/47 | 1,532,538 | ||||||||||||||
200,000 | Arrow Electronics, Inc | 3.500 | 04/01/22 | 198,803 | ||||||||||||||
425,000 | Arrow Electronics, Inc | 3.250 | 09/08/24 | 401,803 | ||||||||||||||
200,000 | Arrow Electronics, Inc | 4.000 | 04/01/25 | 193,135 | ||||||||||||||
425,000 | Arrow Electronics, Inc | 3.875 | 01/12/28 | 407,479 | ||||||||||||||
200,000 | Avnet, Inc | 3.750 | 12/01/21 | 203,826 | ||||||||||||||
300,000 | Avnet, Inc | 4.875 | 12/01/22 | 312,389 | ||||||||||||||
200,000 | Avnet, Inc | 4.625 | 04/15/26 | 199,251 | ||||||||||||||
100,000 | Carlisle Cos, Inc | 3.750 | 11/15/22 | 101,149 | ||||||||||||||
200,000 | Carlisle Cos, Inc | 3.500 | 12/01/24 | 193,030 | ||||||||||||||
500,000 | Carlisle Cos, Inc | 3.750 | 12/01/27 | 517,598 | ||||||||||||||
1,000,000 | Carlisle Cos, Inc | 2.750 | 03/01/30 | 873,892 | ||||||||||||||
775,000 | g | Carrier Global Corp | 1.923 | 02/15/23 | 762,921 | |||||||||||||
2,000,000 | g | Carrier Global Corp | 2.242 | 02/15/25 | 1,953,142 | |||||||||||||
2,000,000 | g | Carrier Global Corp | 2.493 | 02/15/27 | 1,909,334 | |||||||||||||
1,100,000 | g | Carrier Global Corp | 2.722 | 02/15/30 | 1,012,102 | |||||||||||||
2,000,000 | g | Carrier Global Corp | 3.377 | 04/05/40 | 1,755,508 | |||||||||||||
900,000 | g | Carrier Global Corp | 3.577 | 04/05/50 | 802,379 | |||||||||||||
300,000 | Caterpillar Financial Services Corp | 2.900 | 03/15/21 | 302,470 | ||||||||||||||
1,950,000 | Caterpillar Financial Services Corp | 2.950 | 02/26/22 | 1,986,477 | ||||||||||||||
1,000,000 | Caterpillar Financial Services Corp | 1.900 | 09/06/22 | 995,855 | ||||||||||||||
300,000 | Caterpillar Financial Services Corp | 3.450 | 05/15/23 | 313,796 | ||||||||||||||
1,000,000 | Caterpillar Financial Services Corp | 2.850 | 05/17/24 | 1,020,212 | ||||||||||||||
500,000 | Caterpillar Financial Services Corp | 2.400 | 08/09/26 | 486,575 | ||||||||||||||
2,775,000 | Caterpillar, Inc | 3.400 | 05/15/24 | 2,912,084 | ||||||||||||||
500,000 | Caterpillar, Inc | 2.600 | 09/19/29 | 492,990 |
13 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 225,000 | Caterpillar, Inc | 5.200 | % | 05/27/41 | $ | 276,027 | |||||||||||
2,363,000 | Caterpillar, Inc | 3.803 | 08/15/42 | 2,591,252 | ||||||||||||||
300,000 | Caterpillar, Inc | 4.300 | 05/15/44 | 320,147 | ||||||||||||||
750,000 | Caterpillar, Inc | 3.250 | 09/19/49 | 754,680 | ||||||||||||||
1,300,000 | CNH Industrial Capital LLC | 3.875 | 10/15/21 | 1,292,986 | ||||||||||||||
300,000 | CNH Industrial Capital LLC | 4.200 | 01/15/24 | 293,097 | ||||||||||||||
500,000 | CNH Industrial NV | 3.850 | 11/15/27 | 481,921 | ||||||||||||||
200,000 | Crane Co | 4.200 | 03/15/48 | 191,250 | ||||||||||||||
300,000 | CRH America, Inc | 5.750 | 01/15/21 | 308,392 | ||||||||||||||
200,000 | Cummins, Inc | 3.650 | 10/01/23 | 209,756 | ||||||||||||||
200,000 | Cummins, Inc | 4.875 | 10/01/43 | 236,457 | ||||||||||||||
200,000 | Danaher Corp | 3.350 | 09/15/25 | 209,094 | ||||||||||||||
200,000 | Danaher Corp | 4.375 | 09/15/45 | 216,944 | ||||||||||||||
350,000 | Deere & Co | 2.600 | 06/08/22 | 353,820 | ||||||||||||||
218,000 | Deere & Co | 5.375 | 10/16/29 | 262,972 | ||||||||||||||
1,025,000 | Deere & Co | 3.900 | 06/09/42 | 1,127,204 | ||||||||||||||
500,000 | Deere & Co | 2.875 | 09/07/49 | 466,663 | ||||||||||||||
825,000 | Dover Corp | 3.150 | 11/15/25 | 858,662 | ||||||||||||||
100,000 | Dover Corp | 2.950 | 11/04/29 | 99,739 | ||||||||||||||
100,000 | Dover Corp | 5.375 | 03/01/41 | 121,681 | ||||||||||||||
2,200,000 | Eaton Corp | 2.750 | 11/02/22 | 2,223,307 | ||||||||||||||
200,000 | Eaton Corp | 3.103 | 09/15/27 | 201,793 | ||||||||||||||
150,000 | Eaton Corp | 4.000 | 11/02/32 | 155,222 | ||||||||||||||
925,000 | Eaton Corp | 4.150 | 11/02/42 | 1,025,508 | ||||||||||||||
200,000 | Eaton Corp | 3.915 | 09/15/47 | 211,775 | ||||||||||||||
1,650,000 | Embraer Netherlands Finance BV | 5.400 | 02/01/27 | 1,453,666 | ||||||||||||||
350,000 | Emerson Electric Co | 2.625 | 02/15/23 | 353,639 | ||||||||||||||
200,000 | Emerson Electric Co | 3.150 | 06/01/25 | 203,912 | ||||||||||||||
200,000 | Emerson Electric Co | 5.250 | 11/15/39 | 239,065 | ||||||||||||||
200,000 | FLIR Systems, Inc | 3.125 | 06/15/21 | 200,206 | ||||||||||||||
150,000 | Flowserve Corp | 3.500 | 09/15/22 | 149,360 | ||||||||||||||
200,000 | Flowserve Corp | 4.000 | 11/15/23 | 199,913 | ||||||||||||||
500,000 | Fortive Corp | 2.350 | 06/15/21 | 486,053 | ||||||||||||||
875,000 | Fortive Corp | 3.150 | 06/15/26 | 876,827 | ||||||||||||||
250,000 | Fortive Corp | 4.300 | 06/15/46 | 253,690 | ||||||||||||||
1,325,000 | General Dynamics Corp | 3.000 | 05/11/21 | 1,338,872 | ||||||||||||||
325,000 | General Dynamics Corp | 2.250 | 11/15/22 | 326,824 | ||||||||||||||
825,000 | General Dynamics Corp | 3.375 | 05/15/23 | 864,607 | ||||||||||||||
300,000 | General Dynamics Corp | 1.875 | 08/15/23 | 296,380 | ||||||||||||||
1,200,000 | General Dynamics Corp | 2.375 | 11/15/24 | 1,233,181 | ||||||||||||||
975,000 | General Dynamics Corp | 3.500 | 05/15/25 | 1,039,031 | ||||||||||||||
750,000 | General Dynamics Corp | 3.750 | 05/15/28 | 798,100 | ||||||||||||||
225,000 | General Dynamics Corp | 3.600 | 11/15/42 | 240,473 | ||||||||||||||
532,000 | General Electric Co | 4.375 | 09/16/20 | 532,310 | ||||||||||||||
772,000 | General Electric Co | 4.625 | 01/07/21 | 779,153 | ||||||||||||||
86,000 | General Electric Co | 5.300 | 02/11/21 | 87,289 | ||||||||||||||
200,000 | General Electric Co | 4.650 | 10/17/21 | 203,890 | ||||||||||||||
919,000 | General Electric Co | 3.150 | 09/07/22 | 928,403 | ||||||||||||||
2,350,000 | General Electric Co | 2.700 | 10/09/22 | 2,311,431 | ||||||||||||||
300,000 | General Electric Co | 3.100 | 01/09/23 | 304,687 | ||||||||||||||
250,000 | General Electric Co | 3.375 | 03/11/24 | 254,869 | ||||||||||||||
5,503,000 | General Electric Co | 3.450 | 05/15/24 | 5,436,650 | ||||||||||||||
1,102,000 | General Electric Co | 6.750 | 03/15/32 | 1,335,748 | ||||||||||||||
250,000 | General Electric Co | 5.875 | 01/14/38 | 293,284 |
14 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 100,000 | General Electric Co | 6.875 | % | 01/10/39 | $ | 124,758 | |||||||||||
2,875,000 | General Electric Co | 4.125 | 10/09/42 | 2,717,348 | ||||||||||||||
500,000 | g | Huntington Ingalls Industries, Inc | 3.844 | 05/01/25 | 514,823 | |||||||||||||
400,000 | Huntington Ingalls Industries, Inc | 3.483 | 12/01/27 | 393,872 | ||||||||||||||
500,000 | g | Huntington Ingalls Industries, Inc | 4.200 | 05/01/30 | 517,663 | |||||||||||||
100,000 | IDEX Corp | 4.500 | 12/15/20 | 101,594 | ||||||||||||||
200,000 | IDEX Corp | 4.200 | 12/15/21 | 203,357 | ||||||||||||||
1,000,000 | Illinois Tool Works, Inc | 2.650 | 11/15/26 | 1,011,186 | ||||||||||||||
200,000 | Illinois Tool Works, Inc | 4.875 | 09/15/41 | 230,450 | ||||||||||||||
1,000,000 | Illinois Tool Works, Inc | 3.900 | 09/01/42 | 1,077,125 | ||||||||||||||
300,000 | Ingersoll-Rand Global Holding Co Ltd | 2.900 | 02/21/21 | 297,436 | ||||||||||||||
300,000 | Ingersoll-Rand Global Holding Co Ltd | 4.250 | 06/15/23 | 326,143 | ||||||||||||||
400,000 | Ingersoll-Rand Global Holding Co Ltd | 3.750 | 08/21/28 | 406,010 | ||||||||||||||
200,000 | Ingersoll-Rand Global Holding Co Ltd | 5.750 | 06/15/43 | 251,975 | ||||||||||||||
450,000 | Ingersoll-Rand Global Holding Co Ltd | 4.300 | 02/21/48 | 502,101 | ||||||||||||||
600,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.550 | 11/01/24 | 621,006 | ||||||||||||||
100,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.500 | 03/21/26 | 100,041 | ||||||||||||||
1,000,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.800 | 03/21/29 | 1,011,043 | ||||||||||||||
300,000 | Ingersoll-Rand Luxembourg Finance S.A. | 4.500 | 03/21/49 | 335,485 | ||||||||||||||
200,000 | John Deere Capital Corp | 2.350 | 01/08/21 | 200,320 | ||||||||||||||
1,175,000 | John Deere Capital Corp | 2.550 | 01/08/21 | 1,178,919 | ||||||||||||||
400,000 | John Deere Capital Corp | 2.800 | 03/04/21 | 403,169 | ||||||||||||||
500,000 | John Deere Capital Corp | 2.300 | 06/07/21 | 502,129 | ||||||||||||||
300,000 | John Deere Capital Corp | 3.125 | 09/10/21 | 304,690 | ||||||||||||||
200,000 | John Deere Capital Corp | 3.150 | 10/15/21 | 203,110 | ||||||||||||||
600,000 | John Deere Capital Corp | 2.650 | 01/06/22 | 605,722 | ||||||||||||||
500,000 | John Deere Capital Corp | 3.200 | 01/10/22 | 510,756 | ||||||||||||||
2,700,000 | John Deere Capital Corp | 2.950 | 04/01/22 | 2,757,240 | ||||||||||||||
200,000 | John Deere Capital Corp | 1.950 | 06/13/22 | 199,712 | ||||||||||||||
400,000 | John Deere Capital Corp | 2.150 | 09/08/22 | 392,329 | ||||||||||||||
200,000 | John Deere Capital Corp | 2.700 | 01/06/23 | 202,198 | ||||||||||||||
1,425,000 | John Deere Capital Corp | 2.800 | 03/06/23 | 1,460,238 | ||||||||||||||
250,000 | John Deere Capital Corp | 1.200 | 04/06/23 | 244,750 | ||||||||||||||
300,000 | John Deere Capital Corp | 3.450 | 06/07/23 | 315,906 | ||||||||||||||
200,000 | John Deere Capital Corp | 3.650 | 10/12/23 | 210,845 | ||||||||||||||
750,000 | John Deere Capital Corp | 3.450 | 01/10/24 | 790,937 | ||||||||||||||
500,000 | John Deere Capital Corp | 2.600 | 03/07/24 | 521,112 | ||||||||||||||
850,000 | John Deere Capital Corp | 2.650 | 06/24/24 | 836,845 | ||||||||||||||
500,000 | John Deere Capital Corp | 2.050 | 01/09/25 | 499,248 | ||||||||||||||
125,000 | John Deere Capital Corp | 3.400 | 09/11/25 | 132,387 | ||||||||||||||
500,000 | John Deere Capital Corp | 2.250 | 09/14/26 | 509,314 | ||||||||||||||
250,000 | John Deere Capital Corp | 1.750 | 03/09/27 | 240,528 | ||||||||||||||
200,000 | John Deere Capital Corp | 2.800 | 09/08/27 | 197,464 | ||||||||||||||
200,000 | John Deere Capital Corp | 3.050 | 01/06/28 | 207,098 | ||||||||||||||
500,000 | John Deere Capital Corp | 2.800 | 07/18/29 | 486,438 | ||||||||||||||
500,000 | John Deere Capital Corp | 2.450 | 01/09/30 | 505,349 | ||||||||||||||
474,000 | Johnson Controls International plc | 3.900 | 02/14/26 | 515,924 | ||||||||||||||
207,000 | Johnson Controls International plc | 6.000 | 01/15/36 | 243,150 | ||||||||||||||
35,000 | Johnson Controls International plc | 5.125 | 09/14/45 | 40,476 | ||||||||||||||
300,000 | Johnson Controls International plc | 4.500 | 02/15/47 | 323,707 | ||||||||||||||
280,000 | Johnson Controls International plc (Step Bond) | 3.625 | 07/02/24 | 280,973 | ||||||||||||||
325,000 | Johnson Controls International plc (Step Bond) | 4.625 | 07/02/44 | 317,555 | ||||||||||||||
72,000 | Johnson Controls International plc (Step Bond) | 4.950 | 07/02/64 | 83,933 |
15 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 150,000 | Kennametal, Inc | 3.875 | % | 02/15/22 | $ | 150,249 | |||||||||||
200,000 | Kennametal, Inc | 4.625 | 06/15/28 | 202,217 | ||||||||||||||
1,000,000 | KLA Corp | 3.300 | 03/01/50 | 952,972 | ||||||||||||||
125,000 | KLA-Tencor Corp | 4.650 | 11/01/24 | 133,444 | ||||||||||||||
300,000 | KLA-Tencor Corp | 4.100 | 03/15/29 | 326,912 | ||||||||||||||
500,000 | KLA-Tencor Corp | 5.000 | 03/15/49 | 594,802 | ||||||||||||||
1,000,000 | Lam Research Corp | 2.800 | 06/15/21 | 1,008,959 | ||||||||||||||
200,000 | Lam Research Corp | 3.800 | 03/15/25 | 206,005 | ||||||||||||||
150,000 | Lam Research Corp | 3.750 | 03/15/26 | 159,143 | ||||||||||||||
275,000 | Lam Research Corp | 4.000 | 03/15/29 | 312,261 | ||||||||||||||
825,000 | Lam Research Corp | 4.875 | 03/15/49 | 1,070,785 | ||||||||||||||
100,000 | Legrand France S.A. | 8.500 | 02/15/25 | 134,735 | ||||||||||||||
100,000 | Lennox International, Inc | 3.000 | 11/15/23 | 98,857 | ||||||||||||||
500,000 | Lockheed Martin Corp | 3.100 | 01/15/23 | 507,097 | ||||||||||||||
300,000 | Lockheed Martin Corp | 2.900 | 03/01/25 | 309,959 | ||||||||||||||
2,200,000 | Lockheed Martin Corp | 3.550 | 01/15/26 | 2,379,142 | ||||||||||||||
300,000 | Lockheed Martin Corp | 3.600 | 03/01/35 | 353,066 | ||||||||||||||
500,000 | Lockheed Martin Corp | 4.500 | 05/15/36 | 573,074 | ||||||||||||||
1,833,000 | Lockheed Martin Corp | 4.070 | 12/15/42 | 2,141,399 | ||||||||||||||
275,000 | Lockheed Martin Corp | 3.800 | 03/01/45 | 298,925 | ||||||||||||||
200,000 | Lockheed Martin Corp | 4.700 | 05/15/46 | 246,372 | ||||||||||||||
1,894,000 | Lockheed Martin Corp | 4.090 | 09/15/52 | 2,296,455 | ||||||||||||||
200,000 | Mosaic Co | 3.250 | 11/15/22 | 195,944 | ||||||||||||||
1,000,000 | Mosaic Co | 4.250 | 11/15/23 | 947,242 | ||||||||||||||
800,000 | Mosaic Co | 4.050 | 11/15/27 | 682,189 | ||||||||||||||
300,000 | Mosaic Co | 5.450 | 11/15/33 | 291,101 | ||||||||||||||
100,000 | Mosaic Co | 4.875 | 11/15/41 | 80,651 | ||||||||||||||
600,000 | Mosaic Co | 5.625 | 11/15/43 | 530,043 | ||||||||||||||
650,000 | Northrop Grumman Corp | 3.500 | 03/15/21 | 655,560 | ||||||||||||||
400,000 | Northrop Grumman Corp | 3.250 | 08/01/23 | 409,927 | ||||||||||||||
1,000,000 | Northrop Grumman Corp | 2.930 | 01/15/25 | 1,017,921 | ||||||||||||||
300,000 | Northrop Grumman Corp | 3.200 | 02/01/27 | 314,142 | ||||||||||||||
1,775,000 | Northrop Grumman Corp | 3.250 | 01/15/28 | 1,862,245 | ||||||||||||||
425,000 | Northrop Grumman Corp | 4.400 | 05/01/30 | 489,460 | ||||||||||||||
100,000 | Northrop Grumman Corp | 5.050 | 11/15/40 | 123,850 | ||||||||||||||
700,000 | Northrop Grumman Corp | 4.750 | 06/01/43 | 839,713 | ||||||||||||||
300,000 | Northrop Grumman Corp | 3.850 | 04/15/45 | 316,928 | ||||||||||||||
2,450,000 | Northrop Grumman Corp | 4.030 | 10/15/47 | 2,790,952 | ||||||||||||||
100,000 | Oshkosh Corp | 3.100 | 03/01/30 | 96,917 | ||||||||||||||
1,000,000 | g | Otis Worldwide Corp | 2.056 | 04/05/25 | 977,519 | |||||||||||||
1,000,000 | g | Otis Worldwide Corp | 2.293 | 04/05/27 | 956,799 | |||||||||||||
525,000 | g | Otis Worldwide Corp | 2.565 | 02/15/30 | 508,480 | |||||||||||||
500,000 | g | Otis Worldwide Corp | 3.112 | 02/15/40 | 473,952 | |||||||||||||
450,000 | g | Otis Worldwide Corp | 3.362 | 02/15/50 | 437,586 | |||||||||||||
250,000 | Parker-Hannifin Corp | 3.500 | 09/15/22 | 252,978 | ||||||||||||||
200,000 | Parker-Hannifin Corp | 2.700 | 06/14/24 | 199,186 | ||||||||||||||
300,000 | Parker-Hannifin Corp | 3.300 | 11/21/24 | 309,036 | ||||||||||||||
650,000 | Parker-Hannifin Corp | 3.250 | 03/01/27 | 654,889 | ||||||||||||||
1,825,000 | Parker-Hannifin Corp | 3.250 | 06/14/29 | 1,841,556 | ||||||||||||||
200,000 | Parker-Hannifin Corp | 4.200 | 11/21/34 | 207,710 | ||||||||||||||
200,000 | Parker-Hannifin Corp | 4.450 | 11/21/44 | 210,491 | ||||||||||||||
750,000 | Parker-Hannifin Corp | 4.100 | 03/01/47 | 767,962 | ||||||||||||||
225,000 | Parker-Hannifin Corp | 4.000 | 06/14/49 | 234,331 | ||||||||||||||
1,150,000 | Precision Castparts Corp | 2.500 | 01/15/23 | 1,157,618 |
16 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 775,000 | Precision Castparts Corp | 3.250 | % | 06/15/25 | $ | 824,110 | |||||||||||
400,000 | Precision Castparts Corp | 4.200 | 06/15/35 | 456,647 | ||||||||||||||
100,000 | Precision Castparts Corp | 3.900 | 01/15/43 | 102,899 | ||||||||||||||
3,875,000 | Raytheon Co | 2.500 | 12/15/22 | 3,964,848 | ||||||||||||||
300,000 | Raytheon Co | 3.150 | 12/15/24 | 311,999 | ||||||||||||||
200,000 | Raytheon Co | 7.200 | 08/15/27 | 245,596 | ||||||||||||||
100,000 | Raytheon Co | 4.700 | 12/15/41 | 116,741 | ||||||||||||||
150,000 | Raytheon Co | 4.200 | 12/15/44 | 168,517 | ||||||||||||||
300,000 | Reliance Steel & Aluminum Co | 4.500 | 04/15/23 | 296,989 | ||||||||||||||
400,000 | Rockwell Automation, Inc | 3.500 | 03/01/29 | 400,590 | ||||||||||||||
400,000 | Rockwell Automation, Inc | 4.200 | 03/01/49 | 439,043 | ||||||||||||||
625,000 | Rockwell Collins, Inc | 2.800 | 03/15/22 | 631,401 | ||||||||||||||
500,000 | Rockwell Collins, Inc | 3.200 | 03/15/24 | 515,847 | ||||||||||||||
1,325,000 | Rockwell Collins, Inc | 3.500 | 03/15/27 | 1,370,282 | ||||||||||||||
125,000 | Rockwell Collins, Inc | 4.800 | 12/15/43 | 144,797 | ||||||||||||||
700,000 | Rockwell Collins, Inc | 4.350 | 04/15/47 | 779,147 | ||||||||||||||
200,000 | Roper Technologies, Inc | 3.000 | 12/15/20 | 200,064 | ||||||||||||||
550,000 | Roper Technologies, Inc | 2.800 | 12/15/21 | 550,500 | ||||||||||||||
500,000 | Roper Technologies, Inc | 3.650 | 09/15/23 | 514,037 | ||||||||||||||
500,000 | Roper Technologies, Inc | 2.350 | 09/15/24 | 486,111 | ||||||||||||||
1,100,000 | Roper Technologies, Inc | 3.800 | 12/15/26 | 1,130,995 | ||||||||||||||
300,000 | Roper Technologies, Inc | 4.200 | 09/15/28 | 323,001 | ||||||||||||||
500,000 | Roper Technologies, Inc | 2.950 | 09/15/29 | 496,821 | ||||||||||||||
200,000 | Snap-on, Inc | 3.250 | 03/01/27 | 205,422 | ||||||||||||||
200,000 | Snap-on, Inc | 4.100 | 03/01/48 | 221,218 | ||||||||||||||
250,000 | Spirit AeroSystems, Inc | 3.950 | 06/15/23 | 216,774 | ||||||||||||||
200,000 | Spirit AeroSystems, Inc | 3.850 | 06/15/26 | 173,064 | ||||||||||||||
450,000 | Spirit AeroSystems, Inc | 4.600 | 06/15/28 | 386,950 | ||||||||||||||
250,000 | Stanley Black & Decker, Inc | 3.400 | 12/01/21 | 248,502 | ||||||||||||||
600,000 | Stanley Black & Decker, Inc | 2.900 | 11/01/22 | 599,968 | ||||||||||||||
500,000 | Stanley Black & Decker, Inc | 3.400 | 03/01/26 | 521,153 | ||||||||||||||
300,000 | Stanley Black & Decker, Inc | 4.250 | 11/15/28 | 320,105 | ||||||||||||||
1,000,000 | Stanley Black & Decker, Inc | 2.300 | 03/15/30 | 963,838 | ||||||||||||||
100,000 | Stanley Black & Decker, Inc | 5.200 | 09/01/40 | 114,281 | ||||||||||||||
425,000 | Stanley Black & Decker, Inc | 4.850 | 11/15/48 | 453,153 | ||||||||||||||
450,000 | Stanley Black & Decker, Inc | 4.000 | 03/15/60 | 427,098 | ||||||||||||||
150,000 | Textron, Inc | 4.000 | 03/15/26 | 152,014 | ||||||||||||||
500,000 | Textron, Inc | 3.650 | 03/15/27 | 490,018 | ||||||||||||||
100,000 | Textron, Inc | 3.375 | 03/01/28 | 95,869 | ||||||||||||||
750,000 | Textron, Inc | 3.900 | 09/17/29 | 733,647 | ||||||||||||||
500,000 | Textron, Inc | 3.000 | 06/01/30 | 467,956 | ||||||||||||||
250,000 | Timken Co | 3.875 | 09/01/24 | 259,228 | ||||||||||||||
200,000 | Timken Co | 4.500 | 12/15/28 | 223,883 | ||||||||||||||
100,000 | Trimble, Inc | 4.150 | 06/15/23 | 101,176 | ||||||||||||||
625,000 | Trimble, Inc | 4.900 | 06/15/28 | 673,186 | ||||||||||||||
200,000 | Tupperware Brands Corp | 4.750 | 06/01/21 | 122,990 | ||||||||||||||
177,000 | United Technologies Corp | 3.650 | 08/16/23 | 186,102 | ||||||||||||||
1,250,000 | United Technologies Corp | 3.950 | 08/16/25 | 1,367,680 | ||||||||||||||
725,000 | United Technologies Corp | 3.125 | 05/04/27 | 740,392 | ||||||||||||||
2,550,000 | United Technologies Corp | 4.125 | 11/16/28 | 2,814,955 | ||||||||||||||
250,000 | United Technologies Corp | 6.125 | 07/15/38 | 361,597 | ||||||||||||||
750,000 | United Technologies Corp | 4.450 | 11/16/38 | 859,442 | ||||||||||||||
200,000 | United Technologies Corp | 5.700 | 04/15/40 | 257,389 |
17 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 2,150,000 | United Technologies Corp | 4.500 | % | 06/01/42 | $ | 2,496,760 | |||||||||||
1,650,000 | United Technologies Corp | 4.150 | 05/15/45 | 1,832,561 | ||||||||||||||
3,325,000 | United Technologies Corp | 4.625 | 11/16/48 | 3,934,736 | ||||||||||||||
200,000 | Valmont Industries, Inc | 5.000 | 10/01/44 | 190,370 | ||||||||||||||
200,000 | Valmont Industries, Inc | 5.250 | 10/01/54 | 196,706 | ||||||||||||||
600,000 | Wabtec Corp | 4.400 | 03/15/24 | 596,177 | ||||||||||||||
300,000 | Wabtec Corp | 3.450 | 11/15/26 | 276,730 | ||||||||||||||
875,000 | Wabtec Corp | 4.950 | 09/15/28 | 804,772 | ||||||||||||||
750,000 | WW Grainger, Inc | 1.850 | 02/15/25 | 750,835 | ||||||||||||||
800,000 | WW Grainger, Inc | 4.600 | 06/15/45 | 955,765 | ||||||||||||||
200,000 | WW Grainger, Inc | 3.750 | 05/15/46 | 179,924 | ||||||||||||||
125,000 | WW Grainger, Inc | 4.200 | 05/15/47 | 141,228 | ||||||||||||||
300,000 | Xylem, Inc | 4.875 | 10/01/21 | 308,670 | ||||||||||||||
775,000 | Xylem, Inc | 3.250 | 11/01/26 | 820,382 | ||||||||||||||
100,000 | Xylem, Inc | 4.375 | 11/01/46 | 106,873 | ||||||||||||||
TOTAL CAPITAL GOODS | 181,182,709 | |||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.3% | ||||||||||||||||||
225,000 | g | Daimler Finance North America LLC | 3.650 | 02/22/24 | 218,832 | |||||||||||||
925,000 | Daimler Finance North America LLC | 8.500 | 01/18/31 | 1,231,615 | ||||||||||||||
300,000 | eBay, Inc | 2.875 | 08/01/21 | 297,219 | ||||||||||||||
175,000 | eBay, Inc | 3.800 | 03/09/22 | 177,490 | ||||||||||||||
1,025,000 | eBay, Inc | 2.600 | 07/15/22 | 1,027,611 | ||||||||||||||
375,000 | eBay, Inc | 2.750 | 01/30/23 | 367,755 | ||||||||||||||
400,000 | eBay, Inc | 3.450 | 08/01/24 | 403,989 | ||||||||||||||
750,000 | eBay, Inc | 1.900 | 03/11/25 | 706,617 | ||||||||||||||
1,200,000 | eBay, Inc | 3.600 | 06/05/27 | 1,235,905 | ||||||||||||||
750,000 | eBay, Inc | 2.700 | 03/11/30 | 679,015 | ||||||||||||||
200,000 | eBay, Inc | 4.000 | 07/15/42 | 187,855 | ||||||||||||||
675,000 | Equifax, Inc | 2.300 | 06/01/21 | 656,441 | ||||||||||||||
200,000 | Equifax, Inc | 3.600 | 08/15/21 | 199,468 | ||||||||||||||
200,000 | Equifax, Inc | 3.300 | 12/15/22 | 203,049 | ||||||||||||||
200,000 | Equifax, Inc | 3.950 | 06/15/23 | 202,195 | ||||||||||||||
750,000 | Equifax, Inc | 2.600 | 12/01/24 | 709,000 | ||||||||||||||
300,000 | Fluor Corp | 3.500 | 12/15/24 | 208,180 | ||||||||||||||
500,000 | Fluor Corp | 4.250 | 09/15/28 | 337,326 | ||||||||||||||
200,000 | Fortune Brands Home & Security, Inc | 3.000 | 06/15/20 | 199,580 | ||||||||||||||
600,000 | Fortune Brands Home & Security, Inc | 4.000 | 09/21/23 | 617,015 | ||||||||||||||
200,000 | Fortune Brands Home & Security, Inc | 4.000 | 06/15/25 | 205,937 | ||||||||||||||
1,000,000 | Fortune Brands Home & Security, Inc | 3.250 | 09/15/29 | 956,145 | ||||||||||||||
900,000 | Moody’s Corp | 2.750 | 12/15/21 | 893,259 | ||||||||||||||
200,000 | Moody’s Corp | 2.625 | 01/15/23 | 201,064 | ||||||||||||||
500,000 | Moody’s Corp | 3.750 | 03/24/25 | 524,699 | ||||||||||||||
1,200,000 | Moody’s Corp | 3.250 | 01/15/28 | 1,216,166 | ||||||||||||||
300,000 | Moody’s Corp | 4.250 | 02/01/29 | 331,518 | ||||||||||||||
200,000 | Moody’s Corp | 5.250 | 07/15/44 | 245,846 | ||||||||||||||
300,000 | Moody’s Corp | 4.875 | 12/17/48 | 332,584 | ||||||||||||||
100,000 | Partners Healthcare System, Inc | 3.765 | 07/01/48 | 110,235 | ||||||||||||||
750,000 | Partners Healthcare System, Inc | 3.192 | 07/01/49 | 747,804 | ||||||||||||||
100,000 | Partners Healthcare System, Inc | 4.117 | 07/01/55 | 116,471 | ||||||||||||||
1,000,000 | Partners Healthcare System, Inc | 3.342 | 07/01/60 | 977,855 | ||||||||||||||
725,000 | RELX Capital, Inc | 3.500 | 03/16/23 | 754,815 | ||||||||||||||
625,000 | RELX Capital, Inc | 4.000 | 03/18/29 | 645,713 | ||||||||||||||
580,000 | Republic Services, Inc | 5.250 | 11/15/21 | 613,808 |
18 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 250,000 | Republic Services, Inc | 3.550 | % | 06/01/22 | $ | 256,474 | |||||||||||
750,000 | Republic Services, Inc | 3.200 | 03/15/25 | 771,169 | ||||||||||||||
900,000 | Republic Services, Inc | 2.900 | 07/01/26 | 909,702 | ||||||||||||||
100,000 | Republic Services, Inc | 3.375 | 11/15/27 | 101,606 | ||||||||||||||
500,000 | Republic Services, Inc | 2.300 | 03/01/30 | 477,423 | ||||||||||||||
1,000,000 | Republic Services, Inc | 3.050 | 03/01/50 | 883,174 | ||||||||||||||
300,000 | Steelcase, Inc | 5.125 | 01/18/29 | 361,238 | ||||||||||||||
600,000 | Thomson Reuters Corp | 4.300 | 11/23/23 | 606,512 | ||||||||||||||
1,200,000 | Thomson Reuters Corp | 3.350 | 05/15/26 | 1,200,869 | ||||||||||||||
145,000 | Thomson Reuters Corp | 5.850 | 04/15/40 | 171,469 | ||||||||||||||
200,000 | Thomson Reuters Corp | 5.650 | 11/23/43 | 224,535 | ||||||||||||||
425,000 | VEREIT Operating Partnership LP | 4.875 | 06/01/26 | 409,421 | ||||||||||||||
650,000 | VEREIT Operating Partnership LP | 3.950 | 08/15/27 | 617,698 | ||||||||||||||
500,000 | VEREIT Operating Partnership LP | 3.100 | 12/15/29 | 432,225 | ||||||||||||||
1,700,000 | Visa, Inc | 2.200 | 12/14/20 | 1,708,645 | ||||||||||||||
450,000 | Visa, Inc | 2.150 | 09/15/22 | 460,265 | ||||||||||||||
1,025,000 | Visa, Inc | 2.800 | 12/14/22 | 1,066,123 | ||||||||||||||
3,725,000 | Visa, Inc | 3.150 | 12/14/25 | 4,057,915 | ||||||||||||||
700,000 | Visa, Inc | 2.750 | 09/15/27 | 720,247 | ||||||||||||||
475,000 | Visa, Inc | 2.050 | 04/15/30 | 474,311 | ||||||||||||||
250,000 | Visa, Inc | 4.150 | 12/14/35 | 313,023 | ||||||||||||||
150,000 | Visa, Inc | 2.700 | 04/15/40 | 148,896 | ||||||||||||||
2,325,000 | Visa, Inc | 4.300 | 12/14/45 | 2,931,809 | ||||||||||||||
1,125,000 | Visa, Inc | 3.650 | 09/15/47 | 1,280,923 | ||||||||||||||
750,000 | Waste Connections, Inc | 3.500 | 05/01/29 | 759,617 | ||||||||||||||
500,000 | Waste Connections, Inc | 2.600 | 02/01/30 | 466,108 | ||||||||||||||
500,000 | Waste Connections, Inc | 3.050 | 04/01/50 | 445,859 | ||||||||||||||
310,000 | Waste Management, Inc | 4.600 | 03/01/21 | 308,366 | ||||||||||||||
850,000 | Waste Management, Inc | 2.900 | 09/15/22 | 853,575 | ||||||||||||||
100,000 | Waste Management, Inc | 2.400 | 05/15/23 | 98,329 | ||||||||||||||
1,000,000 | Waste Management, Inc | 3.500 | 05/15/24 | 1,038,878 | ||||||||||||||
400,000 | Waste Management, Inc | 2.950 | 06/15/24 | 406,721 | ||||||||||||||
1,000,000 | Waste Management, Inc | 3.200 | 06/15/26 | 1,040,736 | ||||||||||||||
1,225,000 | Waste Management, Inc | 3.150 | 11/15/27 | 1,265,525 | ||||||||||||||
500,000 | Waste Management, Inc | 3.450 | 06/15/29 | 535,061 | ||||||||||||||
234,000 | Waste Management, Inc | 3.900 | 03/01/35 | 267,377 | ||||||||||||||
200,000 | Waste Management, Inc | 4.000 | 07/15/39 | 217,272 | ||||||||||||||
325,000 | Waste Management, Inc | 4.100 | 03/01/45 | 360,507 | ||||||||||||||
900,000 | Waste Management, Inc | 4.150 | 07/15/49 | 1,034,992 | ||||||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 48,424,671 | |||||||||||||||||
CONSUMER DURABLES & APPAREL - 0.1% | ||||||||||||||||||
300,000 | Coach, Inc | 3.000 | 07/15/22 | 290,019 | ||||||||||||||
700,000 | Coach, Inc | 4.125 | 07/15/27 | 596,691 | ||||||||||||||
200,000 | DR Horton, Inc | 2.550 | 12/01/20 | 197,218 | ||||||||||||||
500,000 | DR Horton, Inc | 4.375 | 09/15/22 | 509,264 | ||||||||||||||
750,000 | DR Horton, Inc | 2.500 | 10/15/24 | 700,706 | ||||||||||||||
200,000 | Hasbro, Inc | 3.150 | 05/15/21 | 196,223 | ||||||||||||||
750,000 | Hasbro, Inc | 3.550 | 11/19/26 | 715,650 | ||||||||||||||
775,000 | Hasbro, Inc | 3.500 | 09/15/27 | 713,440 | ||||||||||||||
1,000,000 | Hasbro, Inc | 3.900 | 11/19/29 | 900,670 | ||||||||||||||
100,000 | Hasbro, Inc | 6.350 | 03/15/40 | 95,459 | ||||||||||||||
200,000 | Hasbro, Inc | 5.100 | 05/15/44 | 166,870 |
19 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 200,000 | Leggett & Platt, Inc | 3.400 | % | 08/15/22 | $ | 208,142 | |||||||||||
475,000 | Leggett & Platt, Inc | 3.500 | 11/15/27 | 459,674 | ||||||||||||||
350,000 | Leggett & Platt, Inc | 4.400 | 03/15/29 | 361,317 | ||||||||||||||
1,000,000 | Masco Corp | 4.450 | 04/01/25 | 1,021,445 | ||||||||||||||
200,000 | Masco Corp | 3.500 | 11/15/27 | 184,997 | ||||||||||||||
700,000 | Masco Corp | 4.500 | 05/15/47 | 610,335 | ||||||||||||||
100,000 | Mohawk Industries, Inc | 3.850 | 02/01/23 | 101,666 | ||||||||||||||
300,000 | NIKE, Inc | 2.250 | 05/01/23 | 303,298 | ||||||||||||||
650,000 | NIKE, Inc | 2.375 | 11/01/26 | 661,216 | ||||||||||||||
300,000 | NIKE, Inc | 3.625 | 05/01/43 | 327,733 | ||||||||||||||
825,000 | NIKE, Inc | 3.875 | 11/01/45 | 975,372 | ||||||||||||||
200,000 | NIKE, Inc | 3.375 | 11/01/46 | 207,692 | ||||||||||||||
150,000 | NVR, Inc | 3.950 | 09/15/22 | 150,020 | ||||||||||||||
200,000 | Ralph Lauren Corp | 2.625 | 08/18/20 | 200,191 | ||||||||||||||
200,000 | Ralph Lauren Corp | 3.750 | 09/15/25 | 208,115 | ||||||||||||||
150,000 | Whirlpool Corp | 4.700 | 06/01/22 | 157,497 | ||||||||||||||
100,000 | Whirlpool Corp | 3.700 | 03/01/23 | 100,607 | ||||||||||||||
100,000 | Whirlpool Corp | �� | 4.000 | 03/01/24 | 101,182 | |||||||||||||
925,000 | Whirlpool Corp | 4.750 | 02/26/29 | 954,882 | ||||||||||||||
200,000 | Whirlpool Corp | 4.500 | 06/01/46 | 190,971 | ||||||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 12,568,562 | |||||||||||||||||
CONSUMER SERVICES - 0.5% | ||||||||||||||||||
13,300,000 | Anheuser-Busch Cos LLC | 3.650 | 02/01/26 | 13,968,331 | ||||||||||||||
3,150,000 | Anheuser-Busch Cos LLC | 4.700 | 02/01/36 | 3,290,536 | ||||||||||||||
11,075,000 | Anheuser-Busch Cos LLC | 4.900 | 02/01/46 | 12,088,441 | ||||||||||||||
300,000 | Board of Trustees of The Leland Stanford Junior University | 3.647 | 05/01/48 | 339,494 | ||||||||||||||
100,000 | Children’s Hospital Corp | 4.115 | 01/01/47 | 122,783 | ||||||||||||||
500,000 | Choice Hotels International, Inc | 3.700 | 12/01/29 | 400,000 | ||||||||||||||
600,000 | Cintas Corp No 2 | 2.900 | 04/01/22 | 599,986 | ||||||||||||||
675,000 | Cintas Corp No 2 | 3.700 | 04/01/27 | 691,974 | ||||||||||||||
500,000 | CommonSpirit Health | 2.950 | 11/01/22 | 488,131 | ||||||||||||||
750,000 | CommonSpirit Health | 2.760 | 10/01/24 | 749,233 | ||||||||||||||
1,000,000 | CommonSpirit Health | 3.347 | 10/01/29 | 940,674 | ||||||||||||||
300,000 | CommonSpirit Health | 4.350 | 11/01/42 | 294,014 | ||||||||||||||
750,000 | CommonSpirit Health | 3.817 | 10/01/49 | 774,059 | ||||||||||||||
715,000 | CommonSpirit Health | 4.187 | 10/01/49 | 672,516 | ||||||||||||||
200,000 | Darden Restaurants, Inc | 3.850 | 05/01/27 | 183,406 | ||||||||||||||
300,000 | Darden Restaurants, Inc | 4.550 | 02/15/48 | 233,664 | ||||||||||||||
250,000 | GLP Capital LP | 3.350 | 09/01/24 | 221,250 | ||||||||||||||
1,300,000 | GLP Capital LP | 5.250 | 06/01/25 | 1,202,500 | ||||||||||||||
150,000 | GLP Capital LP | 5.375 | 04/15/26 | 132,960 | ||||||||||||||
750,000 | GLP Capital LP | 5.750 | 06/01/28 | 662,775 | ||||||||||||||
200,000 | GLP Capital LP | 5.300 | 01/15/29 | 171,040 | ||||||||||||||
500,000 | GLP Capital LP | 4.000 | 01/15/30 | 420,400 | ||||||||||||||
200,000 | Hyatt Hotels Corp | 3.375 | 07/15/23 | 184,334 | ||||||||||||||
100,000 | Hyatt Hotels Corp | 4.850 | 03/15/26 | 98,855 | ||||||||||||||
200,000 | Hyatt Hotels Corp | 4.375 | 09/15/28 | 182,732 | ||||||||||||||
750,000 | Johns Hopkins University | 2.813 | 01/01/60 | 678,327 | ||||||||||||||
1,000,000 | Las Vegas Sands Corp | 3.200 | 08/08/24 | 900,408 | ||||||||||||||
500,000 | Las Vegas Sands Corp | 2.900 | 06/25/25 | 447,684 | ||||||||||||||
625,000 | Las Vegas Sands Corp | 3.500 | 08/18/26 | 571,799 | ||||||||||||||
750,000 | Las Vegas Sands Corp | 3.900 | 08/08/29 | 648,809 |
20 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 200,000 | Marriott International, Inc | 3.375 | % | 10/15/20 | $ | 192,582 | |||||||||||
300,000 | Marriott International, Inc | 2.875 | 03/01/21 | 280,816 | ||||||||||||||
200,000 | Marriott International, Inc | 3.125 | 10/15/21 | 179,515 | ||||||||||||||
300,000 | Marriott International, Inc | 2.125 | 10/03/22 | 269,934 | ||||||||||||||
300,000 | Marriott International, Inc | 4.150 | 12/01/23 | 274,810 | ||||||||||||||
300,000 | Marriott International, Inc | 3.600 | 04/15/24 | 278,935 | ||||||||||||||
1,250,000 | Marriott International, Inc | 4.000 | 04/15/28 | 1,156,606 | ||||||||||||||
300,000 | Marriott International, Inc | 4.650 | 12/01/28 | 263,987 | ||||||||||||||
750,000 | Massachusetts Institute of Technology | 5.600 | 07/01/11 | 1,227,662 | ||||||||||||||
200,000 | Massachusetts Institute of Technology | 4.678 | 07/01/14 | 274,656 | ||||||||||||||
300,000 | Massachusetts Institute of Technology | 3.885 | 07/01/16 | 345,610 | ||||||||||||||
650,000 | McDonald’s Corp | 3.350 | 04/01/23 | 671,465 | ||||||||||||||
150,000 | McDonald’s Corp | 1.450 | 09/01/25 | 142,507 | ||||||||||||||
2,950,000 | McDonald’s Corp | 3.700 | 01/30/26 | 3,088,979 | ||||||||||||||
300,000 | McDonald’s Corp | 3.500 | 03/01/27 | 312,283 | ||||||||||||||
775,000 | McDonald’s Corp | 3.800 | 04/01/28 | 821,329 | ||||||||||||||
1,250,000 | McDonald’s Corp | 2.625 | 09/01/29 | 1,204,299 | ||||||||||||||
500,000 | McDonald’s Corp | 2.125 | 03/01/30 | 465,835 | ||||||||||||||
2,225,000 | McDonald’s Corp | 4.700 | 12/09/35 | 2,514,208 | ||||||||||||||
250,000 | McDonald’s Corp | 6.300 | 10/15/37 | 318,584 | ||||||||||||||
100,000 | McDonald’s Corp | 6.300 | 03/01/38 | 137,021 | ||||||||||||||
250,000 | McDonald’s Corp | 4.600 | 05/26/45 | 286,741 | ||||||||||||||
1,275,000 | McDonald’s Corp | 4.875 | 12/09/45 | 1,493,297 | ||||||||||||||
725,000 | McDonald’s Corp | 4.450 | 03/01/47 | 785,182 | ||||||||||||||
625,000 | McDonald’s Corp | 4.450 | 09/01/48 | 695,367 | ||||||||||||||
1,825,000 | McDonald’s Corp | 3.625 | 09/01/49 | 1,848,937 | ||||||||||||||
200,000 | Northwestern University | 3.688 | 12/01/38 | 215,270 | ||||||||||||||
200,000 | Northwestern University | 3.868 | 12/01/48 | 230,283 | ||||||||||||||
200,000 | Northwestern University | 3.662 | 12/01/57 | 207,909 | ||||||||||||||
750,000 | President and Fellows of Harvard College | 3.619 | 10/01/37 | 804,834 | ||||||||||||||
200,000 | President and Fellows of Harvard College | 3.150 | 07/15/46 | 201,421 | ||||||||||||||
200,000 | President and Fellows of Harvard College | 3.300 | 07/15/56 | 215,164 | ||||||||||||||
1,250,000 | Sands China Ltd | 4.600 | 08/08/23 | 1,278,112 | ||||||||||||||
1,300,000 | Sands China Ltd | 5.125 | 08/08/25 | 1,222,000 | ||||||||||||||
1,100,000 | Sands China Ltd | 5.400 | 08/08/28 | 1,030,711 | ||||||||||||||
200,000 | Starbucks Corp | 2.100 | 02/04/21 | 200,130 | ||||||||||||||
200,000 | Starbucks Corp | 2.700 | 06/15/22 | 204,515 | ||||||||||||||
525,000 | Starbucks Corp | 3.850 | 10/01/23 | 552,045 | ||||||||||||||
175,000 | Starbucks Corp | 2.450 | 06/15/26 | 175,334 | ||||||||||||||
500,000 | Starbucks Corp | 2.000 | 03/12/27 | 472,071 | ||||||||||||||
750,000 | Starbucks Corp | 3.500 | 03/01/28 | 766,150 | ||||||||||||||
650,000 | Starbucks Corp | 4.000 | 11/15/28 | 674,347 | ||||||||||||||
750,000 | Starbucks Corp | 3.550 | 08/15/29 | 787,107 | ||||||||||||||
500,000 | Starbucks Corp | 2.250 | 03/12/30 | 466,545 | ||||||||||||||
200,000 | Starbucks Corp | 4.300 | 06/15/45 | 211,778 | ||||||||||||||
200,000 | Starbucks Corp | 3.750 | 12/01/47 | 192,802 | ||||||||||||||
650,000 | Starbucks Corp | 4.500 | 11/15/48 | 734,253 | ||||||||||||||
1,000,000 | Starbucks Corp | 4.450 | 08/15/49 | 1,142,826 | ||||||||||||||
500,000 | Starbucks Corp | 3.350 | 03/12/50 | 456,624 | ||||||||||||||
200,000 | Trinity Acquisition plc | 3.500 | 09/15/21 | 192,799 | ||||||||||||||
200,000 | Trinity Acquisition plc | 4.400 | 03/15/26 | 208,392 | ||||||||||||||
500,000 | Trustees of Boston College | 3.129 | 07/01/52 | 522,855 | ||||||||||||||
100,000 | Trustees of Boston University | 4.061 | 10/01/48 | 121,168 |
21 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 200,000 | Trustees of Dartmouth College | 3.474 | % | 06/01/46 | $ | 216,925 | |||||||||||
500,000 | Trustees of the University of Pennsylvania | 3.610 | 02/15/19 | 506,137 | ||||||||||||||
200,000 | Wesleyan University | 4.781 | 07/01/16 | 241,967 | ||||||||||||||
TOTAL CONSUMER SERVICES | 76,344,736 | |||||||||||||||||
DIVERSIFIED FINANCIALS - 2.9% | ||||||||||||||||||
4,083,000 | AerCap Ireland Capital DAC | 5.000 | 10/01/21 | 3,662,622 | ||||||||||||||
300,000 | AerCap Ireland Capital DAC | 4.450 | 12/16/21 | 267,408 | ||||||||||||||
800,000 | AerCap Ireland Capital DAC | 3.950 | 02/01/22 | 696,895 | ||||||||||||||
200,000 | AerCap Ireland Capital DAC | 3.300 | 01/23/23 | 165,999 | ||||||||||||||
300,000 | AerCap Ireland Capital DAC | 4.125 | 07/03/23 | 254,828 | ||||||||||||||
600,000 | AerCap Ireland Capital DAC | 4.875 | 01/16/24 | 514,149 | ||||||||||||||
750,000 | AerCap Ireland Capital DAC | 2.875 | 08/14/24 | 604,680 | ||||||||||||||
1,675,000 | AerCap Ireland Capital DAC | 3.500 | 01/15/25 | 1,423,050 | ||||||||||||||
300,000 | AerCap Ireland Capital DAC | 4.450 | 10/01/25 | 264,171 | ||||||||||||||
500,000 | AerCap Ireland Capital DAC | 4.450 | 04/03/26 | 428,736 | ||||||||||||||
250,000 | AerCap Ireland Capital DAC | 3.650 | 07/21/27 | 193,748 | ||||||||||||||
200,000 | AerCap Ireland Capital DAC | 3.875 | 01/23/28 | 152,501 | ||||||||||||||
200,000 | Affiliated Managers Group, Inc | 4.250 | 02/15/24 | 213,803 | ||||||||||||||
20,000 | Ahold Finance USA LLC | 6.875 | 05/01/29 | 27,743 | ||||||||||||||
1,000,000 | Ally Financial, Inc | 4.125 | 02/13/22 | 981,980 | ||||||||||||||
1,600,000 | Ally Financial, Inc | 5.125 | 09/30/24 | 1,559,184 | ||||||||||||||
2,000,000 | Ally Financial, Inc | 8.000 | 11/01/31 | 2,299,000 | ||||||||||||||
350,000 | American Express Co | 3.000 | 02/22/21 | 352,324 | ||||||||||||||
1,000,000 | American Express Co | 3.375 | 05/17/21 | 1,011,569 | ||||||||||||||
200,000 | American Express Co | 3.700 | 11/05/21 | 206,259 | ||||||||||||||
1,050,000 | American Express Co | 2.500 | 08/01/22 | 1,068,147 | ||||||||||||||
175,000 | American Express Co | 2.650 | 12/02/22 | 177,024 | ||||||||||||||
5,000,000 | American Express Co | 3.400 | 02/27/23 | 5,179,602 | ||||||||||||||
2,000,000 | American Express Co | 3.700 | 08/03/23 | 2,101,213 | ||||||||||||||
750,000 | American Express Co | 3.000 | 10/30/24 | 773,732 | ||||||||||||||
1,000,000 | American Express Co | 4.200 | 11/06/25 | 1,104,489 | ||||||||||||||
1,000,000 | American Express Co | 3.125 | 05/20/26 | 1,036,298 | ||||||||||||||
525,000 | American Express Co | 4.050 | 12/03/42 | 625,474 | ||||||||||||||
1,050,000 | American Express Credit Corp | 2.700 | 03/03/22 | 1,058,586 | ||||||||||||||
675,000 | American Honda Finance Corp | 2.650 | 02/12/21 | 674,889 | ||||||||||||||
450,000 | American Honda Finance Corp | 1.650 | 07/12/21 | 444,752 | ||||||||||||||
375,000 | American Honda Finance Corp | 1.700 | 09/09/21 | 368,864 | ||||||||||||||
950,000 | American Honda Finance Corp | 3.375 | 12/10/21 | 955,927 | ||||||||||||||
1,000,000 | American Honda Finance Corp | 1.950 | 05/20/22 | 985,177 | ||||||||||||||
325,000 | American Honda Finance Corp | 2.050 | 01/10/23 | 320,057 | ||||||||||||||
300,000 | American Honda Finance Corp | 3.450 | 07/14/23 | 303,713 | ||||||||||||||
500,000 | American Honda Finance Corp | 3.625 | 10/10/23 | 511,970 | ||||||||||||||
300,000 | American Honda Finance Corp | 3.550 | 01/12/24 | 309,109 | ||||||||||||||
200,000 | American Honda Finance Corp | 2.900 | 02/16/24 | 201,119 | ||||||||||||||
1,000,000 | American Honda Finance Corp | 2.400 | 06/27/24 | 986,073 | ||||||||||||||
500,000 | American Honda Finance Corp | 2.150 | 09/10/24 | 488,100 | ||||||||||||||
100,000 | American Honda Finance Corp | 2.300 | 09/09/26 | 95,774 | ||||||||||||||
1,000,000 | American Honda Finance Corp | 2.350 | 01/08/27 | 944,969 | ||||||||||||||
500,000 | American Honda Finance Corp | 3.500 | 02/15/28 | 495,526 | ||||||||||||||
150,000 | Ameriprise Financial, Inc | 3.000 | 03/22/22 | 151,843 | ||||||||||||||
875,000 | Ameriprise Financial, Inc | 4.000 | 10/15/23 | 929,127 | ||||||||||||||
300,000 | Ameriprise Financial, Inc | 3.700 | 10/15/24 | 311,332 | ||||||||||||||
125,000 | Ameriprise Financial, Inc | 3.000 | 04/02/25 | 124,471 |
22 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 200,000 | Ameriprise Financial, Inc | 2.875 | % | 09/15/26 | $ | 200,688 | |||||||||||
200,000 | Ares Capital Corp | 3.625 | 01/19/22 | 186,281 | ||||||||||||||
600,000 | Ares Capital Corp | 3.500 | 02/10/23 | 532,276 | ||||||||||||||
850,000 | Ares Capital Corp | 4.200 | 06/10/24 | 753,595 | ||||||||||||||
500,000 | Ares Capital Corp | 4.250 | 03/01/25 | 433,921 | ||||||||||||||
500,000 | Ares Capital Corp | 3.250 | 07/15/25 | 396,902 | ||||||||||||||
1,000,000 | Australia & New Zealand Banking Group Ltd | 3.300 | 05/17/21 | 1,009,179 | ||||||||||||||
750,000 | Australia & New Zealand Banking Group Ltd | 2.300 | 06/01/21 | 753,622 | ||||||||||||||
750,000 | Australia & New Zealand Banking Group Ltd | 2.550 | 11/23/21 | 752,010 | ||||||||||||||
300,000 | Australia & New Zealand Banking Group Ltd | 2.625 | 05/19/22 | 304,348 | ||||||||||||||
550,000 | Australia & New Zealand Banking Group Ltd | 2.625 | 11/09/22 | 558,657 | ||||||||||||||
1,000,000 | Australia & New Zealand Banking Group Ltd | 2.050 | 11/21/22 | 1,001,488 | ||||||||||||||
525,000 | Australia & New Zealand Banking Group Ltd | 3.700 | 11/16/25 | 548,620 | ||||||||||||||
350,000 | AXA Equitable Holdings, Inc | 3.900 | 04/20/23 | 348,747 | ||||||||||||||
1,375,000 | AXA Equitable Holdings, Inc | 4.350 | 04/20/28 | 1,338,022 | ||||||||||||||
975,000 | AXA Equitable Holdings, Inc | 5.000 | 04/20/48 | 921,191 | ||||||||||||||
975,000 | Bank of Montreal | 3.100 | 04/13/21 | 985,806 | ||||||||||||||
1,000,000 | Bank of Montreal | 1.900 | 08/27/21 | 1,002,415 | ||||||||||||||
1,500,000 | Bank of Montreal | 2.900 | 03/26/22 | 1,518,876 | ||||||||||||||
850,000 | Bank of Montreal | 2.350 | 09/11/22 | 859,858 | ||||||||||||||
1,000,000 | Bank of Montreal | 2.050 | 11/01/22 | 1,000,226 | ||||||||||||||
350,000 | Bank of Montreal | 2.550 | 11/06/22 | 356,055 | ||||||||||||||
1,425,000 | Bank of Montreal | 3.300 | 02/05/24 | 1,488,010 | ||||||||||||||
1,000,000 | Bank of Montreal | 2.500 | 06/28/24 | 977,395 | ||||||||||||||
750,000 | Bank of Montreal | 4.338 | 10/05/28 | 770,594 | ||||||||||||||
425,000 | Bank of Montreal | 3.803 | 12/15/32 | 412,805 | ||||||||||||||
750,000 | Bank of Montreal | 4.800 | N/A‡ | 615,000 | ||||||||||||||
675,000 | Bank of New York Mellon Corp | 2.500 | 04/15/21 | 674,605 | ||||||||||||||
300,000 | Bank of New York Mellon Corp | 2.050 | 05/03/21 | 301,357 | ||||||||||||||
500,000 | Bank of New York Mellon Corp | 3.550 | 09/23/21 | 510,353 | ||||||||||||||
925,000 | Bank of New York Mellon Corp | 2.600 | 02/07/22 | 932,579 | ||||||||||||||
375,000 | Bank of New York Mellon Corp | 1.950 | 08/23/22 | 377,029 | ||||||||||||||
750,000 | Bank of New York Mellon Corp | 1.850 | 01/27/23 | 753,214 | ||||||||||||||
2,625,000 | Bank of New York Mellon Corp | 2.950 | 01/29/23 | 2,683,485 | ||||||||||||||
1,025,000 | Bank of New York Mellon Corp | 3.500 | 04/28/23 | 1,070,171 | ||||||||||||||
825,000 | Bank of New York Mellon Corp | 2.200 | 08/16/23 | 832,151 | ||||||||||||||
350,000 | Bank of New York Mellon Corp | 3.650 | 02/04/24 | 372,811 | ||||||||||||||
800,000 | Bank of New York Mellon Corp | 3.250 | 09/11/24 | 832,500 | ||||||||||||||
1,750,000 | Bank of New York Mellon Corp | 2.100 | 10/24/24 | 1,780,863 | ||||||||||||||
500,000 | Bank of New York Mellon Corp | 3.000 | 02/24/25 | 526,755 | ||||||||||||||
500,000 | Bank of New York Mellon Corp | 2.800 | 05/04/26 | 512,768 | ||||||||||||||
500,000 | Bank of New York Mellon Corp | 2.450 | 08/17/26 | 501,705 | ||||||||||||||
800,000 | Bank of New York Mellon Corp | 3.250 | 05/16/27 | 836,094 | ||||||||||||||
1,000,000 | Bank of New York Mellon Corp | 3.400 | 01/29/28 | 1,037,456 | ||||||||||||||
600,000 | Bank of New York Mellon Corp | 3.850 | 04/28/28 | 670,123 | ||||||||||||||
400,000 | Bank of New York Mellon Corp | 3.300 | 08/23/29 | 409,977 | ||||||||||||||
750,000 | Berkshire Hathaway, Inc | 2.200 | 03/15/21 | 755,207 | ||||||||||||||
1,325,000 | Berkshire Hathaway, Inc | 2.750 | 03/15/23 | 1,379,142 | ||||||||||||||
4,400,000 | Berkshire Hathaway, Inc | 3.125 | 03/15/26 | 4,714,358 | ||||||||||||||
800,000 | Berkshire Hathaway, Inc | 4.500 | 02/11/43 | 988,080 | ||||||||||||||
250,000 | BGC Partners, Inc | 5.375 | 07/24/23 | 249,755 | ||||||||||||||
500,000 | BGC Partners, Inc | 3.750 | 10/01/24 | 447,274 | ||||||||||||||
5,325,000 | BlackRock, Inc | 3.375 | 06/01/22 | 5,495,267 |
23 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 500,000 | BlackRock, Inc | 3.500 | % | 03/18/24 | $ | 537,778 | |||||||||||
850,000 | BlackRock, Inc | 3.250 | 04/30/29 | 897,726 | ||||||||||||||
200,000 | Block Financial LLC | 5.500 | 11/01/22 | 201,083 | ||||||||||||||
200,000 | Block Financial LLC | 5.250 | 10/01/25 | 202,462 | ||||||||||||||
700,000 | BNP Paribas S.A. | 5.000 | 01/15/21 | 713,698 | ||||||||||||||
675,000 | BNP Paribas S.A. | 3.250 | 03/03/23 | 689,479 | ||||||||||||||
1,350,000 | BNP Paribas S.A. | 4.250 | 10/15/24 | 1,392,287 | ||||||||||||||
200,000 | Broadridge Financial Solutions, Inc | 3.950 | 09/01/20 | 200,697 | ||||||||||||||
350,000 | Broadridge Financial Solutions, Inc | 3.400 | 06/27/26 | 352,770 | ||||||||||||||
1,000,000 | Broadridge Financial Solutions, Inc | 2.900 | 12/01/29 | 939,880 | ||||||||||||||
300,000 | Brookfield Asset Management, Inc | 4.000 | 01/15/25 | 303,772 | ||||||||||||||
1,000,000 | Brookfield Finance LLC | 3.450 | 04/15/50 | 800,305 | ||||||||||||||
550,000 | Brookfield Finance, Inc | 4.000 | 04/01/24 | 555,881 | ||||||||||||||
200,000 | Brookfield Finance, Inc | 4.250 | 06/02/26 | 209,775 | ||||||||||||||
300,000 | Brookfield Finance, Inc | 3.900 | 01/25/28 | 308,048 | ||||||||||||||
600,000 | Brookfield Finance, Inc | 4.850 | 03/29/29 | 637,181 | ||||||||||||||
725,000 | Brookfield Finance, Inc | 4.700 | 09/20/47 | 681,577 | ||||||||||||||
275,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 269,046 | ||||||||||||||
1,500,000 | Capital One Bank USA NA | 2.280 | 01/28/26 | 1,358,369 | ||||||||||||||
2,250,000 | Capital One Financial Corp | 3.050 | 03/09/22 | 2,246,560 | ||||||||||||||
1,925,000 | Capital One Financial Corp | 3.200 | 01/30/23 | 1,902,600 | ||||||||||||||
150,000 | Capital One Financial Corp | 3.500 | 06/15/23 | 149,112 | ||||||||||||||
300,000 | Capital One Financial Corp | 3.900 | 01/29/24 | 300,845 | ||||||||||||||
750,000 | Capital One Financial Corp | 3.300 | 10/30/24 | 738,719 | ||||||||||||||
125,000 | Capital One Financial Corp | 3.200 | 02/05/25 | 122,584 | ||||||||||||||
625,000 | Capital One Financial Corp | 4.250 | 04/30/25 | 640,440 | ||||||||||||||
850,000 | Capital One Financial Corp | 4.200 | 10/29/25 | 847,013 | ||||||||||||||
700,000 | Capital One Financial Corp | 3.750 | 07/28/26 | 660,892 | ||||||||||||||
1,075,000 | Capital One Financial Corp | 3.750 | 03/09/27 | 1,052,327 | ||||||||||||||
2,700,000 | Capital One Financial Corp | 3.800 | 01/31/28 | 2,668,496 | ||||||||||||||
450,000 | CBOE Holdings, Inc | 3.650 | 01/12/27 | 471,569 | ||||||||||||||
500,000 | Celanese US Holdings LLC | 4.625 | 11/15/22 | 486,678 | ||||||||||||||
200,000 | Celanese US Holdings LLC | 3.500 | 05/08/24 | 189,377 | ||||||||||||||
750,000 | Charles Schwab Corp | 3.250 | 05/21/21 | 755,527 | ||||||||||||||
425,000 | Charles Schwab Corp | 2.650 | 01/25/23 | 431,122 | ||||||||||||||
300,000 | Charles Schwab Corp | 3.550 | 02/01/24 | 315,084 | ||||||||||||||
200,000 | Charles Schwab Corp | 3.000 | 03/10/25 | 206,643 | ||||||||||||||
1,250,000 | Charles Schwab Corp | 3.850 | 05/21/25 | 1,327,059 | ||||||||||||||
500,000 | Charles Schwab Corp | 3.200 | 03/02/27 | 506,363 | ||||||||||||||
200,000 | Charles Schwab Corp | 3.200 | 01/25/28 | 202,571 | ||||||||||||||
300,000 | Charles Schwab Corp | 4.000 | 02/01/29 | 319,501 | ||||||||||||||
1,000,000 | Charles Schwab Corp | 3.250 | 05/22/29 | 988,997 | ||||||||||||||
350,000 | CME Group, Inc | 3.000 | 09/15/22 | 355,119 | ||||||||||||||
475,000 | CME Group, Inc | 3.000 | 03/15/25 | 490,193 | ||||||||||||||
500,000 | CME Group, Inc | 3.750 | 06/15/28 | 558,007 | ||||||||||||||
400,000 | CME Group, Inc | 5.300 | 09/15/43 | 537,571 | ||||||||||||||
500,000 | CME Group, Inc | 4.150 | 06/15/48 | 635,801 | ||||||||||||||
2,000,000 | Credit Suisse AG. | 2.100 | 11/12/21 | 1,990,933 | ||||||||||||||
2,900,000 | Credit Suisse AG. | 3.625 | 09/09/24 | 3,063,261 | ||||||||||||||
750,000 | Credit Suisse Group Funding Guernsey Ltd | 3.125 | 12/10/20 | 749,254 | ||||||||||||||
2,650,000 | Credit Suisse Group Funding Guernsey Ltd | 3.450 | 04/16/21 | 2,666,763 | ||||||||||||||
1,000,000 | Credit Suisse Group Funding Guernsey Ltd | 3.800 | 09/15/22 | 1,016,688 | ||||||||||||||
1,275,000 | Credit Suisse Group Funding Guernsey Ltd | 3.800 | 06/09/23 | 1,304,004 | ||||||||||||||
2,300,000 | Credit Suisse Group Funding Guernsey Ltd | 3.750 | 03/26/25 | 2,324,008 |
24 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 2,750,000 | Credit Suisse Group Funding Guernsey Ltd | 4.550 | % | 04/17/26 | $ | 2,904,026 | |||||||||||
1,250,000 | Credit Suisse Group Funding Guernsey Ltd | 4.875 | 05/15/45 | 1,515,132 | ||||||||||||||
500,000 | Deutsche Bank AG. | 2.700 | 07/13/20 | 490,185 | ||||||||||||||
2,300,000 | Deutsche Bank AG. | 3.125 | 01/13/21 | 2,250,528 | ||||||||||||||
2,000,000 | Deutsche Bank AG. | 3.150 | 01/22/21 | 1,953,903 | ||||||||||||||
500,000 | Deutsche Bank AG. | 4.250 | 02/04/21 | 480,141 | ||||||||||||||
500,000 | Deutsche Bank AG. | 3.375 | 05/12/21 | 473,654 | ||||||||||||||
1,675,000 | Deutsche Bank AG. | 5.000 | 02/14/22 | 1,651,819 | ||||||||||||||
400,000 | Deutsche Bank AG. | 3.300 | 11/16/22 | 374,671 | ||||||||||||||
750,000 | Deutsche Bank AG. | 3.950 | 02/27/23 | 744,947 | ||||||||||||||
525,000 | Deutsche Bank AG. | 3.700 | 05/30/24 | 492,215 | ||||||||||||||
1,000,000 | Deutsche Bank AG. | 3.961 | 11/26/25 | 924,961 | ||||||||||||||
1,800,000 | Deutsche Bank AG. | 4.100 | 01/13/26 | 1,642,142 | ||||||||||||||
2,575,000 | Diageo Investment Corp | 2.875 | 05/11/22 | 2,595,479 | ||||||||||||||
100,000 | Diageo Investment Corp | 4.250 | 05/11/42 | 107,172 | ||||||||||||||
100,000 | Discover Financial Services | 5.200 | 04/27/22 | 103,863 | ||||||||||||||
700,000 | Discover Financial Services | 3.950 | 11/06/24 | 712,370 | ||||||||||||||
200,000 | Discover Financial Services | 4.500 | 01/30/26 | 204,036 | ||||||||||||||
350,000 | Discover Financial Services | 4.100 | 02/09/27 | 336,679 | ||||||||||||||
475,000 | E*TRADE Financial Corp | 2.950 | 08/24/22 | 468,093 | ||||||||||||||
200,000 | E*TRADE Financial Corp | 3.800 | 08/24/27 | 201,941 | ||||||||||||||
300,000 | E*TRADE Financial Corp | 4.500 | 06/20/28 | 311,773 | ||||||||||||||
300,000 | Eaton Vance Corp | 3.625 | 06/15/23 | 309,687 | ||||||||||||||
200,000 | Eaton Vance Corp | 3.500 | 04/06/27 | 205,582 | ||||||||||||||
150,000 | Franklin Resources, Inc | 2.800 | 09/15/22 | 147,325 | ||||||||||||||
200,000 | Franklin Resources, Inc | 2.850 | 03/30/25 | 201,364 | ||||||||||||||
750,000 | FS KKR Capital Corp | 4.125 | 02/01/25 | 609,995 | ||||||||||||||
2,852,000 | GE Capital International Funding Co | 2.342 | 11/15/20 | 2,835,858 | ||||||||||||||
5,768,000 | GE Capital International Funding Co | 3.373 | 11/15/25 | 5,797,883 | ||||||||||||||
8,444,000 | GE Capital International Funding Co | 4.418 | 11/15/35 | 9,122,648 | ||||||||||||||
2,000,000 | General Motors Financial Co, Inc | 3.550 | 04/09/21 | 1,916,331 | ||||||||||||||
875,000 | General Motors Financial Co, Inc | 3.200 | 07/06/21 | 835,546 | ||||||||||||||
575,000 | General Motors Financial Co, Inc | 4.200 | 11/06/21 | 546,687 | ||||||||||||||
1,000,000 | General Motors Financial Co, Inc | 3.450 | 01/14/22 | 934,992 | ||||||||||||||
2,700,000 | General Motors Financial Co, Inc | 3.450 | 04/10/22 | 2,493,731 | ||||||||||||||
525,000 | General Motors Financial Co, Inc | 3.150 | 06/30/22 | 473,932 | ||||||||||||||
850,000 | General Motors Financial Co, Inc | 3.550 | 07/08/22 | 785,289 | ||||||||||||||
300,000 | General Motors Financial Co, Inc | 3.250 | 01/05/23 | 277,510 | ||||||||||||||
1,125,000 | General Motors Financial Co, Inc | 3.700 | 05/09/23 | 1,011,848 | ||||||||||||||
725,000 | General Motors Financial Co, Inc | 4.150 | 06/19/23 | 659,407 | ||||||||||||||
650,000 | General Motors Financial Co, Inc | 5.100 | 01/17/24 | 598,613 | ||||||||||||||
725,000 | General Motors Financial Co, Inc | 3.950 | 04/13/24 | 657,086 | ||||||||||||||
1,500,000 | General Motors Financial Co, Inc | 3.500 | 11/07/24 | 1,319,997 | ||||||||||||||
125,000 | General Motors Financial Co, Inc | 4.000 | 01/15/25 | 111,093 | ||||||||||||||
1,000,000 | General Motors Financial Co, Inc | 2.900 | 02/26/25 | 864,311 | ||||||||||||||
5,175,000 | General Motors Financial Co, Inc | 4.350 | 04/09/25 | 4,636,225 | ||||||||||||||
450,000 | General Motors Financial Co, Inc | 4.300 | 07/13/25 | 413,288 | ||||||||||||||
275,000 | General Motors Financial Co, Inc | 5.250 | 03/01/26 | 242,729 | ||||||||||||||
525,000 | General Motors Financial Co, Inc | 4.000 | 10/06/26 | 446,192 | ||||||||||||||
1,400,000 | General Motors Financial Co, Inc | 4.350 | 01/17/27 | 1,156,492 | ||||||||||||||
1,100,000 | General Motors Financial Co, Inc | 3.850 | 01/05/28 | 883,409 | ||||||||||||||
2,400,000 | General Motors Financial Co, Inc | 5.650 | 01/17/29 | 2,149,853 | ||||||||||||||
500,000 | Goldman Sachs BDC, Inc | 3.750 | 02/10/25 | 463,541 |
25 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 500,000 | Goldman Sachs Group, Inc | 2.600 | % | 12/27/20 | $ | 500,025 | |||||||||||
1,300,000 | Goldman Sachs Group, Inc | 5.250 | 07/27/21 | 1,351,430 | ||||||||||||||
675,000 | Goldman Sachs Group, Inc | 2.350 | 11/15/21 | 674,052 | ||||||||||||||
5,625,000 | Goldman Sachs Group, Inc | 5.750 | 01/24/22 | 5,968,239 | ||||||||||||||
1,350,000 | Goldman Sachs Group, Inc | 3.000 | 04/26/22 | 1,359,734 | ||||||||||||||
2,275,000 | Goldman Sachs Group, Inc | 3.625 | 01/22/23 | 2,348,531 | ||||||||||||||
5,425,000 | Goldman Sachs Group, Inc | 3.200 | 02/23/23 | 5,535,787 | ||||||||||||||
2,575,000 | Goldman Sachs Group, Inc | 3.625 | 02/20/24 | 2,664,312 | ||||||||||||||
2,025,000 | Goldman Sachs Group, Inc | 4.000 | 03/03/24 | 2,123,576 | ||||||||||||||
425,000 | Goldman Sachs Group, Inc | 3.850 | 07/08/24 | 444,189 | ||||||||||||||
600,000 | Goldman Sachs Group, Inc | 3.500 | 01/23/25 | 615,097 | ||||||||||||||
250,000 | Goldman Sachs Group, Inc | 3.500 | 04/01/25 | 253,510 | ||||||||||||||
1,100,000 | Goldman Sachs Group, Inc | 3.750 | 05/22/25 | 1,138,864 | ||||||||||||||
2,375,000 | Goldman Sachs Group, Inc | 3.272 | 09/29/25 | 2,421,964 | ||||||||||||||
575,000 | Goldman Sachs Group, Inc | 4.250 | 10/21/25 | 604,509 | ||||||||||||||
1,125,000 | Goldman Sachs Group, Inc | 3.750 | 02/25/26 | 1,171,809 | ||||||||||||||
425,000 | Goldman Sachs Group, Inc | 3.500 | 11/16/26 | 434,409 | ||||||||||||||
125,000 | Goldman Sachs Group, Inc | 5.950 | 01/15/27 | 141,350 | ||||||||||||||
3,950,000 | Goldman Sachs Group, Inc | 3.850 | 01/26/27 | 4,064,502 | ||||||||||||||
4,475,000 | Goldman Sachs Group, Inc | 3.691 | 06/05/28 | 4,598,733 | ||||||||||||||
8,525,000 | Goldman Sachs Group, Inc | 3.814 | 04/23/29 | 8,813,150 | ||||||||||||||
550,000 | Goldman Sachs Group, Inc | 4.223 | 05/01/29 | 587,254 | ||||||||||||||
2,500,000 | Goldman Sachs Group, Inc | 2.600 | 02/07/30 | 2,348,898 | ||||||||||||||
900,000 | Goldman Sachs Group, Inc | 6.750 | 10/01/37 | 1,210,347 | ||||||||||||||
925,000 | Goldman Sachs Group, Inc | 4.017 | 10/31/38 | 928,870 | ||||||||||||||
4,525,000 | Goldman Sachs Group, Inc | 4.411 | 04/23/39 | 4,927,766 | ||||||||||||||
2,475,000 | Goldman Sachs Group, Inc | 6.250 | 02/01/41 | 3,426,014 | ||||||||||||||
1,225,000 | Goldman Sachs Group, Inc | 4.800 | 07/08/44 | 1,443,361 | ||||||||||||||
1,650,000 | Goldman Sachs Group, Inc | 5.150 | 05/22/45 | 1,951,038 | ||||||||||||||
200,000 | Goldman Sachs Group, Inc | 4.750 | 10/21/45 | 238,930 | ||||||||||||||
500,000 | IBM Credit LLC | 1.800 | 01/20/21 | 497,251 | ||||||||||||||
1,140,000 | IBM Credit LLC | 2.650 | 02/05/21 | 1,142,573 | ||||||||||||||
500,000 | Intercontinental Exchange, Inc | 2.750 | 12/01/20 | 500,625 | ||||||||||||||
300,000 | Intercontinental Exchange, Inc | 2.350 | 09/15/22 | 299,974 | ||||||||||||||
300,000 | Intercontinental Exchange, Inc | 3.450 | 09/21/23 | 308,918 | ||||||||||||||
350,000 | Intercontinental Exchange, Inc | 4.000 | 10/15/23 | 378,865 | ||||||||||||||
825,000 | Intercontinental Exchange, Inc | 3.750 | 12/01/25 | 871,522 | ||||||||||||||
1,000,000 | Intercontinental Exchange, Inc | 3.100 | 09/15/27 | 1,015,661 | ||||||||||||||
500,000 | Intercontinental Exchange, Inc | 3.750 | 09/21/28 | 531,935 | ||||||||||||||
575,000 | Intercontinental Exchange, Inc | 4.250 | 09/21/48 | 666,281 | ||||||||||||||
600,000 | International Lease Finance Corp | 5.875 | 08/15/22 | 536,384 | ||||||||||||||
125,000 | Invesco Finance plc | 3.125 | 11/30/22 | 124,839 | ||||||||||||||
200,000 | Invesco Finance plc | 4.000 | 01/30/24 | 204,770 | ||||||||||||||
800,000 | Invesco Finance plc | 3.750 | 01/15/26 | 860,138 | ||||||||||||||
200,000 | Invesco Finance plc | 5.375 | 11/30/43 | 267,574 | ||||||||||||||
300,000 | Janus Capital Group, Inc | 4.875 | 08/01/25 | 304,680 | ||||||||||||||
500,000 | Jefferies Group LLC | 6.875 | 04/15/21 | 503,429 | ||||||||||||||
1,000,000 | Jefferies Group LLC | 4.850 | 01/15/27 | 990,694 | ||||||||||||||
600,000 | Jefferies Group LLC | 6.450 | 06/08/27 | 613,231 | ||||||||||||||
1,000,000 | Jefferies Group LLC | 4.150 | 01/23/30 | 957,383 | ||||||||||||||
150,000 | Lazard Group LLC | 3.750 | 02/13/25 | 147,960 | ||||||||||||||
200,000 | Lazard Group LLC | 3.625 | 03/01/27 | 200,634 | ||||||||||||||
325,000 | Lazard Group LLC | 4.500 | 09/19/28 | 326,148 | ||||||||||||||
425,000 | Lazard Group LLC | 4.375 | 03/11/29 | 430,019 |
26 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 400,000 | Legg Mason, Inc | 5.625 | % | 01/15/44 | $ | 425,332 | |||||||||||
125,000 | Morgan Stanley | 2.500 | 04/21/21 | 124,912 | ||||||||||||||
1,200,000 | Morgan Stanley | 5.500 | 07/28/21 | 1,245,768 | ||||||||||||||
1,675,000 | Morgan Stanley | 2.625 | 11/17/21 | 1,677,280 | ||||||||||||||
4,275,000 | Morgan Stanley | 2.750 | 05/19/22 | 4,320,298 | ||||||||||||||
2,850,000 | Morgan Stanley | 4.875 | 11/01/22 | 2,992,214 | ||||||||||||||
5,025,000 | Morgan Stanley | 3.125 | 01/23/23 | 5,139,374 | ||||||||||||||
475,000 | Morgan Stanley | 3.750 | 02/25/23 | 494,959 | ||||||||||||||
3,175,000 | Morgan Stanley | 4.100 | 05/22/23 | 3,288,254 | ||||||||||||||
5,350,000 | Morgan Stanley | 3.737 | 04/24/24 | 5,508,456 | ||||||||||||||
1,525,000 | Morgan Stanley | 3.875 | 04/29/24 | 1,600,115 | ||||||||||||||
4,092,000 | Morgan Stanley | 3.700 | 10/23/24 | 4,323,257 | ||||||||||||||
1,025,000 | Morgan Stanley | 2.720 | 07/22/25 | 1,037,688 | ||||||||||||||
500,000 | Morgan Stanley | 4.000 | 07/23/25 | 535,121 | ||||||||||||||
950,000 | Morgan Stanley | 5.000 | 11/24/25 | 1,050,123 | ||||||||||||||
575,000 | Morgan Stanley | 3.875 | 01/27/26 | 620,542 | ||||||||||||||
500,000 | Morgan Stanley | 3.125 | 07/27/26 | 516,846 | ||||||||||||||
400,000 | Morgan Stanley | 4.350 | 09/08/26 | 431,047 | ||||||||||||||
2,750,000 | Morgan Stanley | 3.625 | 01/20/27 | 2,906,890 | ||||||||||||||
1,975,000 | Morgan Stanley | 3.950 | 04/23/27 | 2,057,659 | ||||||||||||||
1,575,000 | Morgan Stanley | 3.591 | 07/22/28 | 1,650,726 | ||||||||||||||
4,850,000 | Morgan Stanley | 3.772 | 01/24/29 | 5,117,633 | ||||||||||||||
3,475,000 | Morgan Stanley | 4.431 | 01/23/30 | 3,862,185 | ||||||||||||||
5,000,000 | Morgan Stanley | 2.699 | 01/22/31 | 4,892,822 | ||||||||||||||
500,000 | Morgan Stanley | 3.622 | 04/01/31 | 520,369 | ||||||||||||||
150,000 | Morgan Stanley | 7.250 | 04/01/32 | 214,701 | ||||||||||||||
725,000 | Morgan Stanley | 3.971 | 07/22/38 | 796,735 | ||||||||||||||
2,675,000 | Morgan Stanley | 4.457 | 04/22/39 | 3,036,614 | ||||||||||||||
275,000 | Morgan Stanley | 6.375 | 07/24/42 | 392,674 | ||||||||||||||
175,000 | Morgan Stanley | 4.300 | 01/27/45 | 211,672 | ||||||||||||||
3,200,000 | Morgan Stanley | 4.375 | 01/22/47 | 3,894,661 | ||||||||||||||
250,000 | NASDAQ, Inc | 4.250 | 06/01/24 | 261,445 | ||||||||||||||
400,000 | NASDAQ, Inc | 3.850 | 06/30/26 | 412,867 | ||||||||||||||
500,000 | National Rural Utilities Cooperative Finance Corp | 2.300 | 11/01/20 | 500,203 | ||||||||||||||
350,000 | National Rural Utilities Cooperative Finance Corp | 3.050 | 02/15/22 | 348,341 | ||||||||||||||
500,000 | National Rural Utilities Cooperative Finance Corp | 2.400 | 04/25/22 | 489,020 | ||||||||||||||
500,000 | National Rural Utilities Cooperative Finance Corp | 2.300 | 09/15/22 | 495,498 | ||||||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 2.700 | 02/15/23 | 201,833 | ||||||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 3.400 | 11/15/23 | 210,858 | ||||||||||||||
300,000 | National Rural Utilities Cooperative Finance Corp | 2.950 | 02/07/24 | 314,872 | ||||||||||||||
400,000 | National Rural Utilities Cooperative Finance Corp | 2.850 | 01/27/25 | 402,912 | ||||||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 3.250 | 11/01/25 | 218,420 | ||||||||||||||
1,000,000 | National Rural Utilities Cooperative Finance Corp | 3.400 | 02/07/28 | 1,036,434 | ||||||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 3.900 | 11/01/28 | 195,003 | ||||||||||||||
300,000 | National Rural Utilities Cooperative Finance Corp | 3.700 | 03/15/29 | 338,356 | ||||||||||||||
1,000,000 | National Rural Utilities Cooperative Finance Corp | 2.400 | 03/15/30 | 998,595 | ||||||||||||||
500,000 | National Rural Utilities Cooperative Finance Corp | 4.750 | 04/30/43 | 497,860 | ||||||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 5.250 | 04/20/46 | 189,927 | ||||||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 4.400 | 11/01/48 | 230,458 | ||||||||||||||
550,000 | National Rural Utilities Cooperative Finance Corp | 4.300 | 03/15/49 | 639,335 | ||||||||||||||
300,000 | j | Navient Solutions LLC | 0.000 | 10/03/22 | 289,048 | |||||||||||||
1,500,000 | Nomura Holdings, Inc | 2.648 | 01/16/25 | 1,468,252 | ||||||||||||||
1,500,000 | Nomura Holdings, Inc | 3.103 | 01/16/30 | 1,410,860 |
27 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,550,000 | Oesterreichische Kontrollbank AG. | 1.500 | % | 10/21/20 | $ | 1,556,514 | |||||||||||
375,000 | Oesterreichische Kontrollbank AG. | 2.875 | 09/07/21 | 386,882 | ||||||||||||||
500,000 | Oesterreichische Kontrollbank AG. | 2.375 | 10/01/21 | 512,927 | ||||||||||||||
750,000 | Oesterreichische Kontrollbank AG. | 2.625 | 01/31/22 | 776,789 | ||||||||||||||
1,200,000 | Oesterreichische Kontrollbank AG. | 1.625 | 09/17/22 | 1,228,797 | ||||||||||||||
750,000 | Oesterreichische Kontrollbank AG. | 2.875 | 03/13/23 | 796,641 | ||||||||||||||
1,350,000 | Oesterreichische Kontrollbank AG. | 3.125 | 11/07/23 | 1,463,410 | ||||||||||||||
1,500,000 | Oesterreichische Kontrollbank AG. | 1.500 | 02/12/25 | 1,554,958 | ||||||||||||||
475,000 | ORIX Corp | 2.900 | 07/18/22 | 487,831 | ||||||||||||||
500,000 | ORIX Corp | 4.050 | 01/16/24 | 520,222 | ||||||||||||||
500,000 | ORIX Corp | 3.250 | 12/04/24 | 525,337 | ||||||||||||||
200,000 | ORIX Corp | 3.700 | 07/18/27 | 211,311 | ||||||||||||||
500,000 | Owl Rock Capital Corp | 4.000 | 03/30/25 | 385,599 | ||||||||||||||
500,000 | Owl Rock Capital Corp | 3.750 | 07/22/25 | 414,832 | ||||||||||||||
200,000 | PACCAR Financial Corp | 3.150 | 08/09/21 | 197,683 | ||||||||||||||
300,000 | PACCAR Financial Corp | 2.850 | 03/01/22 | 298,620 | ||||||||||||||
750,000 | PACCAR Financial Corp | 2.650 | 05/10/22 | 749,938 | ||||||||||||||
200,000 | PACCAR Financial Corp | 2.000 | 09/26/22 | 196,960 | ||||||||||||||
200,000 | PACCAR Financial Corp | 3.400 | 08/09/23 | 202,133 | ||||||||||||||
300,000 | PACCAR Financial Corp | 2.150 | 08/15/24 | 291,521 | ||||||||||||||
600,000 | Raymond James Financial, Inc | 3.625 | 09/15/26 | 606,350 | ||||||||||||||
425,000 | Raymond James Financial, Inc | 4.950 | 07/15/46 | 489,531 | ||||||||||||||
300,000 | S&P Global, Inc | 4.000 | 06/15/25 | 314,771 | ||||||||||||||
2,150,000 | S&P Global, Inc | 4.400 | 02/15/26 | 2,385,874 | ||||||||||||||
500,000 | S&P Global, Inc | 2.500 | 12/01/29 | 487,868 | ||||||||||||||
200,000 | S&P Global, Inc | 4.500 | 05/15/48 | 239,688 | ||||||||||||||
500,000 | S&P Global, Inc | 3.250 | 12/01/49 | 497,252 | ||||||||||||||
1,600,000 | Shire Acquisitions Investments Ireland DAC | 2.400 | 09/23/21 | 1,594,012 | ||||||||||||||
3,125,000 | Shire Acquisitions Investments Ireland DAC | 2.875 | 09/23/23 | 3,188,227 | ||||||||||||||
1,400,000 | Shire Acquisitions Investments Ireland DAC | 3.200 | 09/23/26 | 1,431,817 | ||||||||||||||
300,000 | State Street Corp | 4.375 | 03/07/21 | 305,139 | ||||||||||||||
700,000 | State Street Corp | 1.950 | 05/19/21 | 696,834 | ||||||||||||||
500,000 | State Street Corp | 2.653 | 05/15/23 | 492,287 | ||||||||||||||
2,150,000 | State Street Corp | 3.100 | 05/15/23 | 2,214,523 | ||||||||||||||
300,000 | State Street Corp | 3.776 | 12/03/24 | 316,702 | ||||||||||||||
750,000 | State Street Corp | 3.300 | 12/16/24 | 788,622 | ||||||||||||||
375,000 | State Street Corp | 3.550 | 08/18/25 | 394,400 | ||||||||||||||
1,000,000 | State Street Corp | 2.354 | 11/01/25 | 989,753 | ||||||||||||||
500,000 | g | State Street Corp | 2.901 | 03/30/26 | 511,905 | |||||||||||||
650,000 | State Street Corp | 2.650 | 05/19/26 | 659,867 | ||||||||||||||
300,000 | State Street Corp | 4.141 | 12/03/29 | 327,060 | ||||||||||||||
750,000 | State Street Corp | 2.400 | 01/24/30 | 732,383 | ||||||||||||||
500,000 | State Street Corp | 3.031 | 11/01/34 | 482,544 | ||||||||||||||
200,000 | Stifel Financial Corp | 3.500 | 12/01/20 | 196,021 | ||||||||||||||
100,000 | Stifel Financial Corp | 4.250 | 07/18/24 | 101,738 | ||||||||||||||
550,000 | Synchrony Financial | 2.850 | 07/25/22 | 523,945 | ||||||||||||||
500,000 | Synchrony Financial | 4.375 | 03/19/24 | 495,170 | ||||||||||||||
250,000 | Synchrony Financial | 4.250 | 08/15/24 | 240,705 | ||||||||||||||
600,000 | Synchrony Financial | 4.500 | 07/23/25 | 587,073 | ||||||||||||||
300,000 | Synchrony Financial | 3.700 | 08/04/26 | 273,322 | ||||||||||||||
900,000 | Synchrony Financial | 3.950 | 12/01/27 | 800,434 | ||||||||||||||
500,000 | Synchrony Financial | 5.150 | 03/19/29 | 495,190 | ||||||||||||||
300,000 | Syngenta Finance NV | 3.125 | 03/28/22 | 261,996 | ||||||||||||||
425,000 | TD Ameritrade Holding Corp | 2.950 | 04/01/22 | 425,145 |
28 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 300,000 | TD Ameritrade Holding Corp | 3.750 | % | 04/01/24 | $ | 307,469 | |||||||||||
350,000 | TD Ameritrade Holding Corp | 3.625 | 04/01/25 | 365,580 | ||||||||||||||
525,000 | TD Ameritrade Holding Corp | 3.300 | 04/01/27 | 531,828 | ||||||||||||||
500,000 | TD Ameritrade Holding Corp | 2.750 | 10/01/29 | 489,873 | ||||||||||||||
500,000 | Toyota Motor Credit Corp | 3.050 | 01/08/21 | 502,022 | ||||||||||||||
300,000 | Toyota Motor Credit Corp | 1.900 | 04/08/21 | 298,615 | ||||||||||||||
500,000 | Toyota Motor Credit Corp | 3.400 | 09/15/21 | 508,475 | ||||||||||||||
1,000,000 | Toyota Motor Credit Corp | 1.800 | 10/07/21 | 990,034 | ||||||||||||||
1,750,000 | Toyota Motor Credit Corp | 2.600 | 01/11/22 | 1,754,166 | ||||||||||||||
300,000 | Toyota Motor Credit Corp | 2.800 | 07/13/22 | 302,155 | ||||||||||||||
500,000 | Toyota Motor Credit Corp | 2.150 | 09/08/22 | 497,221 | ||||||||||||||
500,000 | Toyota Motor Credit Corp | 2.700 | 01/11/23 | 503,014 | ||||||||||||||
500,000 | Toyota Motor Credit Corp | 3.450 | 09/20/23 | 518,813 | ||||||||||||||
400,000 | Toyota Motor Credit Corp | 3.350 | 01/08/24 | 409,174 | ||||||||||||||
1,000,000 | Toyota Motor Credit Corp | 2.000 | 10/07/24 | 971,273 | ||||||||||||||
1,000,000 | Toyota Motor Credit Corp | 1.800 | 02/13/25 | 964,983 | ||||||||||||||
1,500,000 | Toyota Motor Credit Corp | 3.400 | 04/14/25 | 1,547,587 | ||||||||||||||
300,000 | Toyota Motor Credit Corp | 3.050 | 01/11/28 | 299,487 | ||||||||||||||
400,000 | Toyota Motor Credit Corp | 3.650 | 01/08/29 | 414,583 | ||||||||||||||
650,000 | Toyota Motor Credit Corp | 2.150 | 02/13/30 | 603,530 | ||||||||||||||
225,000 | Toyota Motor Credit Corp | 3.375 | 04/01/30 | 227,635 | ||||||||||||||
250,000 | Unilever Capital Corp | 4.250 | 02/10/21 | 255,305 | ||||||||||||||
500,000 | Unilever Capital Corp | 2.750 | 03/22/21 | 505,689 | ||||||||||||||
300,000 | Unilever Capital Corp | 1.375 | 07/28/21 | 300,311 | ||||||||||||||
625,000 | Unilever Capital Corp | 3.000 | 03/07/22 | 645,830 | ||||||||||||||
625,000 | Unilever Capital Corp | 2.200 | 05/05/22 | 616,049 | ||||||||||||||
500,000 | Unilever Capital Corp | 3.125 | 03/22/23 | 531,052 | ||||||||||||||
300,000 | Unilever Capital Corp | 3.250 | 03/07/24 | 316,860 | ||||||||||||||
1,100,000 | Unilever Capital Corp | 2.600 | 05/05/24 | 1,125,905 | ||||||||||||||
500,000 | Unilever Capital Corp | 3.375 | 03/22/25 | 532,941 | ||||||||||||||
450,000 | Unilever Capital Corp | 3.100 | 07/30/25 | 478,456 | ||||||||||||||
225,000 | Unilever Capital Corp | 2.000 | 07/28/26 | 224,465 | ||||||||||||||
800,000 | Unilever Capital Corp | 2.900 | 05/05/27 | 848,107 | ||||||||||||||
1,150,000 | Unilever Capital Corp | 3.500 | 03/22/28 | 1,254,752 | ||||||||||||||
1,000,000 | Unilever Capital Corp | 2.125 | 09/06/29 | 1,020,986 | ||||||||||||||
430,000 | Unilever Capital Corp | 5.900 | 11/15/32 | 563,175 | ||||||||||||||
450,000 | Wells Fargo & Co | 2.550 | 12/07/20 | 451,080 | ||||||||||||||
1,000,000 | Wells Fargo & Co | 3.000 | 01/22/21 | 1,009,225 | ||||||||||||||
1,000,000 | Wells Fargo & Co | 2.500 | 03/04/21 | 1,000,723 | ||||||||||||||
1,200,000 | Wells Fargo & Co | 4.600 | 04/01/21 | 1,226,055 | ||||||||||||||
750,000 | Wells Fargo & Co | 2.100 | 07/26/21 | 748,949 | ||||||||||||||
4,000,000 | Wells Fargo & Co | 3.500 | 03/08/22 | 4,076,849 | ||||||||||||||
1,900,000 | Wells Fargo & Co | 2.625 | 07/22/22 | 1,922,190 | ||||||||||||||
1,750,000 | Wells Fargo & Co | 3.069 | 01/24/23 | 1,778,768 | ||||||||||||||
1,375,000 | Wells Fargo & Co | 3.450 | 02/13/23 | 1,413,713 | ||||||||||||||
800,000 | Wells Fargo & Co | 4.125 | 08/15/23 | 824,759 | ||||||||||||||
334,000 | Wells Fargo & Co | 4.480 | 01/16/24 | 351,259 | ||||||||||||||
1,350,000 | Wells Fargo & Co | 3.750 | 01/24/24 | 1,429,199 | ||||||||||||||
2,700,000 | Wells Fargo & Co | 3.300 | 09/09/24 | 2,810,319 | ||||||||||||||
4,100,000 | Wells Fargo & Co | 3.000 | 02/19/25 | 4,231,565 | ||||||||||||||
1,125,000 | Wells Fargo & Co | 3.550 | 09/29/25 | 1,186,547 | ||||||||||||||
2,000,000 | Wells Fargo & Co | 2.406 | 10/30/25 | 1,970,753 | ||||||||||||||
1,500,000 | Wells Fargo & Co | 2.164 | 02/11/26 | 1,462,999 |
29 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 3,350,000 | Wells Fargo & Co | 3.000 | % | 04/22/26 | $ | 3,448,100 | |||||||||||
1,250,000 | Wells Fargo & Co | 4.100 | 06/03/26 | 1,334,919 | ||||||||||||||
2,575,000 | Wells Fargo & Co | 3.000 | 10/23/26 | 2,637,866 | ||||||||||||||
1,500,000 | Wells Fargo & Co | 3.196 | 06/17/27 | 1,544,572 | ||||||||||||||
1,200,000 | Wells Fargo & Co | 4.300 | 07/22/27 | 1,286,333 | ||||||||||||||
3,625,000 | Wells Fargo & Co | 3.584 | 05/22/28 | 3,795,889 | ||||||||||||||
6,175,000 | Wells Fargo & Co | 4.150 | 01/24/29 | 6,736,588 | ||||||||||||||
3,950,000 | Wells Fargo & Co | 2.879 | 10/30/30 | 3,916,936 | ||||||||||||||
3,000,000 | Wells Fargo & Co | 2.572 | 02/11/31 | 2,886,036 | ||||||||||||||
264,000 | Wells Fargo & Co | 5.375 | 02/07/35 | 311,453 | ||||||||||||||
1,050,000 | Wells Fargo & Co | 5.375 | 11/02/43 | 1,255,189 | ||||||||||||||
1,468,000 | Wells Fargo & Co | 5.606 | 01/15/44 | 1,794,433 | ||||||||||||||
475,000 | Wells Fargo & Co | 4.650 | 11/04/44 | 547,077 | ||||||||||||||
1,500,000 | Wells Fargo & Co | 3.900 | 05/01/45 | 1,689,830 | ||||||||||||||
950,000 | Wells Fargo & Co | 4.900 | 11/17/45 | 1,126,425 | ||||||||||||||
3,250,000 | Wells Fargo & Co | 4.400 | 06/14/46 | 3,657,345 | ||||||||||||||
1,975,000 | Wells Fargo & Co | 4.750 | 12/07/46 | 2,281,205 | ||||||||||||||
500,000 | Wells Fargo & Co | 5.013 | 04/04/51 | 633,941 | ||||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 477,523,945 | |||||||||||||||||
ENERGY - 2.0% | ||||||||||||||||||
283,000 | Apache Corp | 3.250 | 04/15/22 | 217,859 | ||||||||||||||
2,300,000 | Apache Corp | 4.375 | 10/15/28 | 1,229,710 | ||||||||||||||
500,000 | Apache Corp | 4.250 | 01/15/30 | 264,419 | ||||||||||||||
1,305,000 | Apache Corp | 5.100 | 09/01/40 | 576,839 | ||||||||||||||
300,000 | Apache Corp | 5.250 | 02/01/42 | 135,596 | ||||||||||||||
1,150,000 | Apache Corp | 4.750 | 04/15/43 | 509,261 | ||||||||||||||
300,000 | Apache Corp | 4.250 | 01/15/44 | 130,647 | ||||||||||||||
500,000 | Apache Corp | 5.350 | 07/01/49 | 251,771 | ||||||||||||||
925,000 | Baker Hughes a GE Co LLC | 2.773 | 12/15/22 | 880,450 | ||||||||||||||
875,000 | Baker Hughes a GE Co LLC | 3.337 | 12/15/27 | 802,393 | ||||||||||||||
1,000,000 | Baker Hughes a GE Co LLC | 3.138 | 11/07/29 | 867,239 | ||||||||||||||
800,000 | Baker Hughes a GE Co LLC | 5.125 | 09/15/40 | 717,680 | ||||||||||||||
875,000 | Baker Hughes a GE Co LLC | 4.080 | 12/15/47 | 718,933 | ||||||||||||||
200,000 | Boardwalk Pipelines LP | 3.375 | 02/01/23 | 171,799 | ||||||||||||||
475,000 | Boardwalk Pipelines LP | 5.950 | 06/01/26 | 385,664 | ||||||||||||||
450,000 | Boardwalk Pipelines LP | 4.450 | 07/15/27 | 337,632 | ||||||||||||||
500,000 | Boardwalk Pipelines LP | 4.800 | 05/03/29 | 377,099 | ||||||||||||||
150,000 | BP Capital Markets America, Inc | 4.742 | 03/11/21 | 152,165 | ||||||||||||||
1,525,000 | BP Capital Markets America, Inc | 3.245 | 05/06/22 | 1,548,560 | ||||||||||||||
175,000 | BP Capital Markets America, Inc | 2.520 | 09/19/22 | 173,663 | ||||||||||||||
550,000 | BP Capital Markets America, Inc | 2.750 | 05/10/23 | 551,735 | ||||||||||||||
800,000 | BP Capital Markets America, Inc | 3.790 | 02/06/24 | 828,984 | ||||||||||||||
2,025,000 | BP Capital Markets America, Inc | 3.224 | 04/14/24 | 2,071,223 | ||||||||||||||
700,000 | BP Capital Markets America, Inc | 3.796 | 09/21/25 | 719,288 | ||||||||||||||
1,800,000 | BP Capital Markets America, Inc | 3.410 | 02/11/26 | 1,798,898 | ||||||||||||||
150,000 | BP Capital Markets America, Inc | 3.119 | 05/04/26 | 151,714 | ||||||||||||||
200,000 | BP Capital Markets America, Inc | 3.017 | 01/16/27 | 203,086 | ||||||||||||||
500,000 | BP Capital Markets America, Inc | 3.588 | 04/14/27 | 529,408 | ||||||||||||||
750,000 | BP Capital Markets America, Inc | 3.937 | 09/21/28 | 804,175 | ||||||||||||||
1,300,000 | BP Capital Markets America, Inc | 4.234 | 11/06/28 | 1,410,915 | ||||||||||||||
2,000,000 | BP Capital Markets America, Inc | 3.000 | 02/24/50 | 1,859,401 | ||||||||||||||
550,000 | BP Capital Markets plc | 3.062 | 03/17/22 | 554,797 | ||||||||||||||
1,225,000 | BP Capital Markets plc | 2.500 | 11/06/22 | 1,212,926 |
30 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 700,000 | BP Capital Markets plc | 3.994 | % | 09/26/23 | $ | 733,230 | |||||||||||
925,000 | BP Capital Markets plc | 3.814 | 02/10/24 | 936,470 | ||||||||||||||
675,000 | BP Capital Markets plc | 3.535 | 11/04/24 | 712,387 | ||||||||||||||
675,000 | BP Capital Markets plc | 3.506 | 03/17/25 | 702,578 | ||||||||||||||
925,000 | BP Capital Markets plc | 3.279 | 09/19/27 | 931,190 | ||||||||||||||
300,000 | BP Capital Markets plc | 3.723 | 11/28/28 | 314,775 | ||||||||||||||
575,000 | Burlington Resources Finance Co | 7.200 | 08/15/31 | 692,560 | ||||||||||||||
200,000 | Burlington Resources Finance Co | 7.400 | 12/01/31 | 259,691 | ||||||||||||||
600,000 | Canadian Natural Resources Ltd | 2.950 | 01/15/23 | 519,767 | ||||||||||||||
600,000 | Canadian Natural Resources Ltd | 3.800 | 04/15/24 | 513,164 | ||||||||||||||
700,000 | Canadian Natural Resources Ltd | 3.900 | 02/01/25 | 591,187 | ||||||||||||||
1,125,000 | Canadian Natural Resources Ltd | 3.850 | 06/01/27 | 890,786 | ||||||||||||||
1,625,000 | Canadian Natural Resources Ltd | 6.250 | 03/15/38 | 1,260,186 | ||||||||||||||
800,000 | Canadian Natural Resources Ltd | 4.950 | 06/01/47 | 574,523 | ||||||||||||||
2,750,000 | Chevron Corp | 2.100 | 05/16/21 | 2,763,094 | ||||||||||||||
400,000 | Chevron Corp | 2.411 | 03/03/22 | 402,994 | ||||||||||||||
300,000 | Chevron Corp | 2.498 | 03/03/22 | 304,416 | ||||||||||||||
1,050,000 | Chevron Corp | 2.355 | 12/05/22 | 1,064,088 | ||||||||||||||
500,000 | Chevron Corp | 2.566 | 05/16/23 | 511,255 | ||||||||||||||
400,000 | Chevron Corp | 3.191 | 06/24/23 | 417,397 | ||||||||||||||
425,000 | Chevron Corp | 2.895 | 03/03/24 | 438,049 | ||||||||||||||
400,000 | Chevron Corp | 3.326 | 11/17/25 | 424,873 | ||||||||||||||
2,475,000 | Chevron Corp | 2.954 | 05/16/26 | 2,602,247 | ||||||||||||||
500,000 | Cimarex Energy Co | 4.375 | 06/01/24 | 394,081 | ||||||||||||||
525,000 | Cimarex Energy Co | 3.900 | 05/15/27 | 380,702 | ||||||||||||||
300,000 | Cimarex Energy Co | 4.375 | 03/15/29 | 201,059 | ||||||||||||||
300,000 | Columbia Pipeline Group, Inc | 3.300 | 06/01/20 | 298,782 | ||||||||||||||
775,000 | Columbia Pipeline Group, Inc | 4.500 | 06/01/25 | 763,664 | ||||||||||||||
300,000 | Columbia Pipeline Group, Inc | 5.800 | 06/01/45 | 316,008 | ||||||||||||||
825,000 | Concho Resources, Inc | 3.750 | 10/01/27 | 700,291 | ||||||||||||||
950,000 | Concho Resources, Inc | 4.300 | 08/15/28 | 868,565 | ||||||||||||||
400,000 | Concho Resources, Inc | 4.875 | 10/01/47 | 308,403 | ||||||||||||||
700,000 | Concho Resources, Inc | 4.850 | 08/15/48 | 568,712 | ||||||||||||||
2,800,000 | ConocoPhillips Co | 4.950 | 03/15/26 | 2,996,951 | ||||||||||||||
77,000 | ConocoPhillips Co | 4.150 | 11/15/34 | 83,543 | ||||||||||||||
250,000 | ConocoPhillips Co | 5.900 | 05/15/38 | 297,805 | ||||||||||||||
1,585,000 | ConocoPhillips Co | 6.500 | 02/01/39 | 2,000,520 | ||||||||||||||
300,000 | ConocoPhillips Co | 4.300 | 11/15/44 | 281,889 | ||||||||||||||
1,650,000 | ConocoPhillips Co | 5.950 | 03/15/46 | 1,966,642 | ||||||||||||||
925,000 | ConocoPhillips Holding Co | 6.950 | 04/15/29 | 1,139,591 | ||||||||||||||
987,000 | Continental Resources, Inc | 5.000 | 09/15/22 | 611,867 | ||||||||||||||
400,000 | Continental Resources, Inc | 4.500 | 04/15/23 | 220,014 | ||||||||||||||
2,325,000 | Continental Resources, Inc | 4.375 | 01/15/28 | 1,080,173 | ||||||||||||||
885,000 | Devon Energy Corp | 5.600 | 07/15/41 | 544,980 | ||||||||||||||
700,000 | Devon Energy Corp | 4.750 | 05/15/42 | 420,000 | ||||||||||||||
1,100,000 | Devon Energy Corp | 5.000 | 06/15/45 | 703,766 | ||||||||||||||
600,000 | Diamondback Energy, Inc | 2.875 | 12/01/24 | 419,165 | ||||||||||||||
425,000 | Diamondback Energy, Inc | 3.250 | 12/01/26 | 299,930 | ||||||||||||||
1,000,000 | Diamondback Energy, Inc | 3.500 | 12/01/29 | 705,212 | ||||||||||||||
725,000 | Ecopetrol S.A. | 5.875 | 09/18/23 | 708,695 | ||||||||||||||
1,000,000 | Ecopetrol S.A. | 4.125 | 01/16/25 | 931,510 | ||||||||||||||
975,000 | Ecopetrol S.A. | 5.375 | 06/26/26 | 947,700 | ||||||||||||||
200,000 | Ecopetrol S.A. | 7.375 | 09/18/43 | 201,740 |
31 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,725,000 | Ecopetrol S.A. | 5.875 | % | 05/28/45 | $ | 1,528,367 | |||||||||||
300,000 | El Paso Corp | 7.750 | 01/15/32 | 346,024 | ||||||||||||||
300,000 | Enable Midstream Partners LP | 3.900 | 05/15/24 | 166,481 | ||||||||||||||
200,000 | Enable Midstream Partners LP | 4.400 | 03/15/27 | 96,979 | ||||||||||||||
1,250,000 | Enable Midstream Partners LP | 4.950 | 05/15/28 | 623,595 | ||||||||||||||
500,000 | Enable Midstream Partners LP | 4.150 | 09/15/29 | 230,059 | ||||||||||||||
100,000 | Enable Midstream Partners LP | 5.000 | 05/15/44 | 42,527 | ||||||||||||||
1,200,000 | Enbridge Energy Partners LP | 5.875 | 10/15/25 | 1,182,804 | ||||||||||||||
300,000 | Enbridge Energy Partners LP | 5.500 | 09/15/40 | 287,382 | ||||||||||||||
200,000 | Enbridge Energy Partners LP | 7.375 | 10/15/45 | 220,127 | ||||||||||||||
800,000 | Enbridge, Inc | 2.900 | 07/15/22 | 734,647 | ||||||||||||||
300,000 | Enbridge, Inc | 4.000 | 10/01/23 | 285,502 | ||||||||||||||
250,000 | Enbridge, Inc | 2.500 | 01/15/25 | 232,475 | ||||||||||||||
100,000 | Enbridge, Inc | 4.250 | 12/01/26 | 101,847 | ||||||||||||||
100,000 | Enbridge, Inc | 3.700 | 07/15/27 | 99,178 | ||||||||||||||
500,000 | Enbridge, Inc | 3.125 | 11/15/29 | 462,078 | ||||||||||||||
300,000 | Enbridge, Inc | 4.500 | 06/10/44 | 277,451 | ||||||||||||||
925,000 | Enbridge, Inc | 5.500 | 12/01/46 | 950,869 | ||||||||||||||
1,000,000 | Enbridge, Inc | 4.000 | 11/15/49 | 891,810 | ||||||||||||||
500,000 | Enbridge, Inc | 6.250 | 03/01/78 | 375,000 | ||||||||||||||
2,400,000 | EnCana Corp | 3.900 | 11/15/21 | 1,645,769 | ||||||||||||||
2,350,000 | EnCana Corp | 6.500 | 08/15/34 | 1,103,826 | ||||||||||||||
500,000 | Energy Transfer Operating LP | 4.650 | 06/01/21 | 487,097 | ||||||||||||||
450,000 | Energy Transfer Operating LP | 5.200 | 02/01/22 | 423,465 | ||||||||||||||
525,000 | Energy Transfer Operating LP | 3.600 | 02/01/23 | 466,728 | ||||||||||||||
200,000 | Energy Transfer Operating LP | 4.200 | 09/15/23 | 174,691 | ||||||||||||||
500,000 | Energy Transfer Operating LP | 4.900 | 02/01/24 | 447,477 | ||||||||||||||
2,775,000 | Energy Transfer Operating LP | 4.500 | 04/15/24 | 2,475,386 | ||||||||||||||
825,000 | Energy Transfer Operating LP | 4.050 | 03/15/25 | 721,383 | ||||||||||||||
400,000 | Energy Transfer Operating LP | 2.900 | 05/15/25 | 337,755 | ||||||||||||||
325,000 | Energy Transfer Operating LP | 4.750 | 01/15/26 | 287,176 | ||||||||||||||
250,000 | Energy Transfer Operating LP | 4.200 | 04/15/27 | 202,489 | ||||||||||||||
350,000 | Energy Transfer Operating LP | 4.950 | 06/15/28 | 289,762 | ||||||||||||||
2,600,000 | Energy Transfer Operating LP | 5.250 | 04/15/29 | 2,201,644 | ||||||||||||||
625,000 | Energy Transfer Operating LP | 3.750 | 05/15/30 | 489,528 | ||||||||||||||
400,000 | Energy Transfer Operating LP | 4.900 | 03/15/35 | 314,712 | ||||||||||||||
500,000 | Energy Transfer Operating LP | 5.800 | 06/15/38 | 433,780 | ||||||||||||||
140,000 | Energy Transfer Operating LP | 7.500 | 07/01/38 | 148,186 | ||||||||||||||
650,000 | Energy Transfer Operating LP | 6.500 | 02/01/42 | 585,985 | ||||||||||||||
200,000 | Energy Transfer Operating LP | 5.150 | 02/01/43 | 150,765 | ||||||||||||||
200,000 | Energy Transfer Operating LP | 5.950 | 10/01/43 | 173,269 | ||||||||||||||
550,000 | Energy Transfer Operating LP | 5.150 | 03/15/45 | 425,688 | ||||||||||||||
625,000 | Energy Transfer Operating LP | 6.125 | 12/15/45 | 518,968 | ||||||||||||||
500,000 | Energy Transfer Operating LP | 5.300 | 04/15/47 | 380,576 | ||||||||||||||
1,025,000 | Energy Transfer Operating LP | 6.000 | 06/15/48 | 860,640 | ||||||||||||||
2,750,000 | Energy Transfer Operating LP | 6.250 | 04/15/49 | 2,327,353 | ||||||||||||||
2,175,000 | Energy Transfer Operating LP | 5.000 | 05/15/50 | 1,678,931 | ||||||||||||||
600,000 | Enterprise Products Operating LLC | 5.200 | 09/01/20 | 594,108 | ||||||||||||||
900,000 | Enterprise Products Operating LLC | 2.800 | 02/15/21 | 898,756 | ||||||||||||||
100,000 | Enterprise Products Operating LLC | 2.850 | 04/15/21 | 98,823 | ||||||||||||||
300,000 | Enterprise Products Operating LLC | 3.500 | 02/01/22 | 295,943 | ||||||||||||||
400,000 | Enterprise Products Operating LLC | 4.050 | 02/15/22 | 395,115 | ||||||||||||||
250,000 | Enterprise Products Operating LLC | 3.350 | 03/15/23 | 245,307 | ||||||||||||||
950,000 | Enterprise Products Operating LLC | 3.900 | 02/15/24 | 966,828 |
32 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 225,000 | Enterprise Products Operating LLC | 3.750 | % | 02/15/25 | $ | 223,784 | |||||||||||
450,000 | Enterprise Products Operating LLC | 3.700 | 02/15/26 | 449,138 | ||||||||||||||
3,065,000 | Enterprise Products Operating LLC | 3.950 | 02/15/27 | 2,901,941 | ||||||||||||||
725,000 | Enterprise Products Operating LLC | 4.150 | 10/16/28 | 735,562 | ||||||||||||||
700,000 | Enterprise Products Operating LLC | 3.125 | 07/31/29 | 644,866 | ||||||||||||||
475,000 | Enterprise Products Operating LLC | 2.800 | 01/31/30 | 431,595 | ||||||||||||||
480,000 | Enterprise Products Operating LLC | 6.125 | 10/15/39 | 492,167 | ||||||||||||||
175,000 | Enterprise Products Operating LLC | 5.950 | 02/01/41 | 189,994 | ||||||||||||||
525,000 | Enterprise Products Operating LLC | 4.850 | 08/15/42 | 508,920 | ||||||||||||||
325,000 | Enterprise Products Operating LLC | 4.450 | 02/15/43 | 307,346 | ||||||||||||||
1,775,000 | Enterprise Products Operating LLC | 4.850 | 03/15/44 | 1,849,664 | ||||||||||||||
775,000 | Enterprise Products Operating LLC | 5.100 | 02/15/45 | 775,228 | ||||||||||||||
500,000 | Enterprise Products Operating LLC | 4.900 | 05/15/46 | 481,272 | ||||||||||||||
675,000 | Enterprise Products Operating LLC | 4.250 | 02/15/48 | 630,413 | ||||||||||||||
2,475,000 | Enterprise Products Operating LLC | 4.800 | 02/01/49 | 2,477,808 | ||||||||||||||
950,000 | Enterprise Products Operating LLC | 4.200 | 01/31/50 | 889,536 | ||||||||||||||
775,000 | Enterprise Products Operating LLC | 3.700 | 01/31/51 | 691,588 | ||||||||||||||
200,000 | Enterprise Products Operating LLC | 4.950 | 10/15/54 | 204,785 | ||||||||||||||
625,000 | Enterprise Products Operating LLC | 3.950 | 01/31/60 | 525,979 | ||||||||||||||
200,000 | Enterprise Products Operating LLC | 4.875 | 08/16/77 | 137,360 | ||||||||||||||
700,000 | Enterprise Products Operating LLC | 5.250 | 08/16/77 | 479,500 | ||||||||||||||
400,000 | Enterprise Products Operating LLC | 5.375 | 02/15/78 | 280,000 | ||||||||||||||
440,000 | EOG Resources, Inc | 4.100 | 02/01/21 | 442,499 | ||||||||||||||
1,025,000 | EOG Resources, Inc | 2.625 | 03/15/23 | 1,004,728 | ||||||||||||||
475,000 | EOG Resources, Inc | 4.150 | 01/15/26 | 486,276 | ||||||||||||||
200,000 | EOG Resources, Inc | 3.900 | 04/01/35 | 201,518 | ||||||||||||||
200,000 | EOG Resources, Inc | 5.100 | 01/15/36 | 187,995 | ||||||||||||||
300,000 | Equinor ASA | 2.900 | 11/08/20 | 300,958 | ||||||||||||||
500,000 | Equinor ASA | 2.750 | 11/10/21 | 505,337 | ||||||||||||||
925,000 | Equinor ASA | 2.450 | 01/17/23 | 940,542 | ||||||||||||||
475,000 | Equinor ASA | 2.650 | 01/15/24 | 482,742 | ||||||||||||||
450,000 | Equinor ASA | 3.700 | 03/01/24 | 467,567 | ||||||||||||||
500,000 | Equinor ASA | 3.250 | 11/10/24 | 489,192 | ||||||||||||||
1,500,000 | Equinor ASA | 3.625 | 09/10/28 | 1,609,295 | ||||||||||||||
200,000 | Equinor ASA | 5.100 | 08/17/40 | 238,054 | ||||||||||||||
400,000 | Equinor ASA | 4.250 | 11/23/41 | 450,314 | ||||||||||||||
300,000 | Equinor ASA | 3.950 | 05/15/43 | 310,571 | ||||||||||||||
1,300,000 | Equinor ASA | 4.800 | 11/08/43 | 1,545,523 | ||||||||||||||
750,000 | Equinor ASA | 3.250 | 11/18/49 | 738,555 | ||||||||||||||
675,000 | Exxon Mobil Corp | 2.397 | 03/06/22 | 686,662 | ||||||||||||||
350,000 | Exxon Mobil Corp | 1.902 | 08/16/22 | 354,406 | ||||||||||||||
1,350,000 | Exxon Mobil Corp | 2.726 | 03/01/23 | 1,393,236 | ||||||||||||||
175,000 | Exxon Mobil Corp | 3.176 | 03/15/24 | 184,060 | ||||||||||||||
1,000,000 | Exxon Mobil Corp | 2.019 | 08/16/24 | 998,722 | ||||||||||||||
850,000 | Exxon Mobil Corp | 2.709 | 03/06/25 | 888,699 | ||||||||||||||
750,000 | Exxon Mobil Corp | 2.992 | 03/19/25 | 790,270 | ||||||||||||||
4,177,000 | Exxon Mobil Corp | 3.043 | 03/01/26 | 4,414,949 | ||||||||||||||
1,000,000 | Exxon Mobil Corp | 2.275 | 08/16/26 | 1,015,613 | ||||||||||||||
750,000 | Exxon Mobil Corp | 3.294 | 03/19/27 | 815,080 | ||||||||||||||
1,000,000 | Exxon Mobil Corp | 2.440 | 08/16/29 | 1,022,732 | ||||||||||||||
750,000 | Exxon Mobil Corp | 3.482 | 03/19/30 | 831,088 | ||||||||||||||
1,000,000 | Exxon Mobil Corp | 2.995 | 08/16/39 | 1,001,383 | ||||||||||||||
750,000 | Exxon Mobil Corp | 4.227 | 03/19/40 | 868,608 |
33 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 500,000 | Exxon Mobil Corp | 3.567 | % | 03/06/45 | $ | 541,173 | |||||||||||
1,225,000 | Exxon Mobil Corp | 4.114 | 03/01/46 | 1,456,050 | ||||||||||||||
1,400,000 | Exxon Mobil Corp | 3.095 | 08/16/49 | 1,419,915 | ||||||||||||||
750,000 | Exxon Mobil Corp | 4.327 | 03/19/50 | 917,767 | ||||||||||||||
200,000 | Gulf South Pipeline Co LP | 4.000 | 06/15/22 | 190,765 | ||||||||||||||
7,000 | Halliburton Co | 3.500 | 08/01/23 | 6,596 | ||||||||||||||
187,000 | Halliburton Co | 3.800 | 11/15/25 | 165,970 | ||||||||||||||
1,000,000 | Halliburton Co | 2.920 | 03/01/30 | 780,001 | ||||||||||||||
500,000 | Halliburton Co | 4.850 | 11/15/35 | 388,104 | ||||||||||||||
125,000 | Halliburton Co | 6.700 | 09/15/38 | 109,024 | ||||||||||||||
125,000 | Halliburton Co | 7.450 | 09/15/39 | 121,242 | ||||||||||||||
750,000 | Halliburton Co | 4.750 | 08/01/43 | 578,076 | ||||||||||||||
2,825,000 | Halliburton Co | 5.000 | 11/15/45 | 2,212,740 | ||||||||||||||
200,000 | Helmerich & Payne, Inc | 4.650 | 03/15/25 | 208,537 | ||||||||||||||
200,000 | Hess Corp | 3.500 | 07/15/24 | 158,824 | ||||||||||||||
2,100,000 | Hess Corp | 4.300 | 04/01/27 | 1,553,306 | ||||||||||||||
200,000 | Hess Corp | 6.000 | 01/15/40 | 144,143 | ||||||||||||||
1,190,000 | Hess Corp | 5.600 | 02/15/41 | 813,343 | ||||||||||||||
900,000 | Hess Corp | 5.800 | 04/01/47 | 590,801 | ||||||||||||||
200,000 | HollyFrontier Corp | 5.875 | 04/01/26 | 173,399 | ||||||||||||||
500,000 | Husky Energy, Inc | 4.000 | 04/15/24 | 419,425 | ||||||||||||||
825,000 | Husky Energy, Inc | 4.400 | 04/15/29 | 585,165 | ||||||||||||||
130,000 | Husky Energy, Inc | 6.800 | 09/15/37 | 106,968 | ||||||||||||||
525,000 | Kinder Morgan Energy Partners LP | 3.950 | 09/01/22 | 520,190 | ||||||||||||||
300,000 | Kinder Morgan Energy Partners LP | 4.150 | 02/01/24 | 299,306 | ||||||||||||||
500,000 | Kinder Morgan Energy Partners LP | 4.250 | 09/01/24 | 486,684 | ||||||||||||||
300,000 | Kinder Morgan Energy Partners LP | 6.950 | 01/15/38 | 312,291 | ||||||||||||||
535,000 | Kinder Morgan Energy Partners LP | 6.500 | 09/01/39 | 524,059 | ||||||||||||||
400,000 | Kinder Morgan Energy Partners LP | 4.700 | 11/01/42 | 370,726 | ||||||||||||||
500,000 | Kinder Morgan Energy Partners LP | 5.000 | 03/01/43 | 471,948 | ||||||||||||||
400,000 | Kinder Morgan Energy Partners LP | 5.500 | 03/01/44 | 399,889 | ||||||||||||||
200,000 | Kinder Morgan Energy Partners LP | 5.400 | 09/01/44 | 198,777 | ||||||||||||||
3,600,000 | Kinder Morgan, Inc | 3.150 | 01/15/23 | 3,565,093 | ||||||||||||||
2,525,000 | Kinder Morgan, Inc | 4.300 | 06/01/25 | 2,577,085 | ||||||||||||||
2,825,000 | Kinder Morgan, Inc | 4.300 | 03/01/28 | 2,772,649 | ||||||||||||||
3,300,000 | Kinder Morgan, Inc | 5.300 | 12/01/34 | 3,181,035 | ||||||||||||||
1,600,000 | Kinder Morgan, Inc | 5.550 | 06/01/45 | 1,642,628 | ||||||||||||||
2,325,000 | Kinder Morgan, Inc | 5.200 | 03/01/48 | 2,455,831 | ||||||||||||||
125,000 | Magellan Midstream Partners LP | 4.250 | 02/01/21 | 124,364 | ||||||||||||||
900,000 | Magellan Midstream Partners LP | 5.000 | 03/01/26 | 889,887 | ||||||||||||||
225,000 | Magellan Midstream Partners LP | 4.250 | 09/15/46 | 187,437 | ||||||||||||||
425,000 | Magellan Midstream Partners LP | 4.200 | 10/03/47 | 374,543 | ||||||||||||||
525,000 | Magellan Midstream Partners LP | 4.850 | 02/01/49 | 493,559 | ||||||||||||||
500,000 | Magellan Midstream Partners LP | 3.950 | 03/01/50 | 426,383 | ||||||||||||||
1,150,000 | Marathon Oil Corp | 2.800 | 11/01/22 | 880,224 | ||||||||||||||
300,000 | Marathon Oil Corp | 3.850 | 06/01/25 | 216,184 | ||||||||||||||
1,475,000 | Marathon Oil Corp | 4.400 | 07/15/27 | 984,762 | ||||||||||||||
505,000 | Marathon Oil Corp | 6.600 | 10/01/37 | 345,472 | ||||||||||||||
600,000 | Marathon Oil Corp | 5.200 | 06/01/45 | 380,248 | ||||||||||||||
250,000 | Marathon Petroleum Corp | 3.400 | 12/15/20 | 247,670 | ||||||||||||||
250,000 | Marathon Petroleum Corp | 5.125 | 03/01/21 | 242,390 | ||||||||||||||
2,175,000 | Marathon Petroleum Corp | 3.625 | 09/15/24 | 1,928,616 | ||||||||||||||
200,000 | Marathon Petroleum Corp | 3.800 | 04/01/28 | 180,223 | ||||||||||||||
800,000 | Marathon Petroleum Corp | 6.500 | 03/01/41 | 742,442 |
34 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 450,000 | Marathon Petroleum Corp | 4.750 | % | 09/15/44 | $ | 342,486 | |||||||||||
250,000 | Marathon Petroleum Corp | 5.850 | 12/15/45 | 210,866 | ||||||||||||||
600,000 | Marathon Petroleum Corp | 4.500 | 04/01/48 | 460,035 | ||||||||||||||
200,000 | Marathon Petroleum Corp | 5.000 | 09/15/54 | 153,261 | ||||||||||||||
200,000 | g | MPLX LP | 3.500 | 12/01/22 | 191,429 | |||||||||||||
175,000 | MPLX LP | 3.375 | 03/15/23 | 161,790 | ||||||||||||||
1,000,000 | g | MPLX LP | 6.375 | 05/01/24 | 950,386 | |||||||||||||
1,000,000 | MPLX LP | 4.875 | 12/01/24 | 875,457 | ||||||||||||||
2,500,000 | MPLX LP | 4.875 | 06/01/25 | 2,058,779 | ||||||||||||||
100,000 | MPLX LP | 4.125 | 03/01/27 | 85,278 | ||||||||||||||
150,000 | g | MPLX LP | 4.250 | 12/01/27 | 129,768 | |||||||||||||
475,000 | MPLX LP | 4.000 | 03/15/28 | 422,146 | ||||||||||||||
1,200,000 | MPLX LP | 4.800 | 02/15/29 | 1,057,754 | ||||||||||||||
975,000 | MPLX LP | 4.500 | 04/15/38 | 762,028 | ||||||||||||||
375,000 | MPLX LP | 5.200 | 03/01/47 | 299,217 | ||||||||||||||
700,000 | g | MPLX LP | 5.200 | 12/01/47 | 585,932 | |||||||||||||
825,000 | MPLX LP | 4.700 | 04/15/48 | 638,658 | ||||||||||||||
1,350,000 | MPLX LP | 5.500 | 02/15/49 | 1,139,734 | ||||||||||||||
1,100,000 | MPLX LP | 4.900 | 04/15/58 | 741,302 | ||||||||||||||
171,000 | National Oilwell Varco, Inc | 2.600 | 12/01/22 | 154,309 | ||||||||||||||
500,000 | National Oilwell Varco, Inc | 3.600 | 12/01/29 | 373,654 | ||||||||||||||
800,000 | National Oilwell Varco, Inc | 3.950 | 12/01/42 | 501,624 | ||||||||||||||
935,000 | Nexen, Inc | 6.400 | 05/15/37 | 1,280,199 | ||||||||||||||
750,000 | Noble Energy, Inc | 3.900 | 11/15/24 | 618,693 | ||||||||||||||
1,250,000 | Noble Energy, Inc | 3.850 | 01/15/28 | 884,926 | ||||||||||||||
1,000,000 | Noble Energy, Inc | 3.250 | 10/15/29 | 584,740 | ||||||||||||||
875,000 | Noble Energy, Inc | 6.000 | 03/01/41 | 587,240 | ||||||||||||||
450,000 | Noble Energy, Inc | 5.250 | 11/15/43 | 264,584 | ||||||||||||||
175,000 | Noble Energy, Inc | 5.050 | 11/15/44 | 108,092 | ||||||||||||||
200,000 | Noble Energy, Inc | 4.950 | 08/15/47 | 121,082 | ||||||||||||||
1,000,000 | Noble Energy, Inc | 4.200 | 10/15/49 | 539,751 | ||||||||||||||
125,000 | Occidental Petroleum Corp | 4.300 | 08/15/39 | 53,150 | ||||||||||||||
175,000 | ONEOK, Inc | 2.750 | 09/01/24 | 142,895 | ||||||||||||||
500,000 | ONEOK, Inc | 2.200 | 09/15/25 | 385,850 | ||||||||||||||
1,300,000 | ONEOK, Inc | 4.000 | 07/13/27 | 1,070,100 | ||||||||||||||
725,000 | ONEOK, Inc | 4.550 | 07/15/28 | 610,045 | ||||||||||||||
325,000 | ONEOK, Inc | 4.350 | 03/15/29 | 264,986 | ||||||||||||||
500,000 | ONEOK, Inc | 3.400 | 09/01/29 | 373,629 | ||||||||||||||
500,000 | ONEOK, Inc | 3.100 | 03/15/30 | 375,913 | ||||||||||||||
675,000 | ONEOK, Inc | 4.950 | 07/13/47 | 533,966 | ||||||||||||||
1,350,000 | ONEOK, Inc | 5.200 | 07/15/48 | 1,059,753 | ||||||||||||||
1,000,000 | ONEOK, Inc | 4.450 | 09/01/49 | 776,887 | ||||||||||||||
500,000 | ONEOK, Inc | 4.500 | 03/15/50 | 376,465 | ||||||||||||||
350,000 | Patterson-UTI Energy, Inc | 3.950 | 02/01/28 | 137,354 | ||||||||||||||
500,000 | Patterson-UTI Energy, Inc | 5.150 | 11/15/29 | 187,380 | ||||||||||||||
90,000 | Petroleos Mexicanos | 1.700 | 12/20/22 | 90,531 | ||||||||||||||
90,000 | Petroleos Mexicanos | 2.000 | 12/20/22 | 91,080 | ||||||||||||||
1,524,000 | Petroleos Mexicanos | 4.500 | 01/23/26 | 1,110,158 | ||||||||||||||
500,000 | Petroleos Mexicanos | 6.875 | 08/04/26 | 380,000 | ||||||||||||||
3,597,000 | g | Petroleos Mexicanos | 6.490 | 01/23/27 | 2,652,788 | |||||||||||||
6,150,000 | Petroleos Mexicanos | 6.500 | 03/13/27 | 4,551,615 | ||||||||||||||
11,000,000 | Petroleos Mexicanos | 5.350 | 02/12/28 | 7,590,000 | ||||||||||||||
2,550,000 | Petroleos Mexicanos | 6.500 | 01/23/29 | 1,842,375 |
35 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 4,211,000 | g | Petroleos Mexicanos | 6.840 | % | 01/23/30 | $ | 3,046,743 | ||||||||||
1,535,000 | g | Petroleos Mexicanos | 5.950 | 01/28/31 | 1,055,466 | |||||||||||||
3,090,000 | Petroleos Mexicanos | 6.750 | 09/21/47 | 1,975,715 | ||||||||||||||
2,299,000 | Petroleos Mexicanos | 6.350 | 02/12/48 | 1,436,875 | ||||||||||||||
3,454,000 | g | Petroleos Mexicanos | 7.690 | 01/23/50 | 2,400,530 | |||||||||||||
4,641,000 | g | Petroleos Mexicanos | 6.950 | 01/28/60 | 3,096,475 | |||||||||||||
925,000 | Phillips 66 | 4.300 | 04/01/22 | 928,345 | ||||||||||||||
1,000,000 | Phillips 66 | 3.900 | 03/15/28 | 988,716 | ||||||||||||||
738,000 | Phillips 66 | 4.650 | 11/15/34 | 687,379 | ||||||||||||||
125,000 | Phillips 66 | 5.875 | 05/01/42 | 124,189 | ||||||||||||||
2,375,000 | Phillips 66 | 4.875 | 11/15/44 | 2,412,693 | ||||||||||||||
500,000 | Phillips 66 Partners LP | 2.450 | 12/15/24 | 439,890 | ||||||||||||||
100,000 | Phillips 66 Partners LP | 3.550 | 10/01/26 | 90,258 | ||||||||||||||
675,000 | Phillips 66 Partners LP | 3.750 | 03/01/28 | 630,918 | ||||||||||||||
500,000 | Phillips 66 Partners LP | 3.150 | 12/15/29 | 409,753 | ||||||||||||||
425,000 | Phillips 66 Partners LP | 4.680 | 02/15/45 | 347,995 | ||||||||||||||
350,000 | Phillips 66 Partners LP | 4.900 | 10/01/46 | 295,216 | ||||||||||||||
1,125,000 | Pioneer Natural Resources Co | 3.450 | 01/15/21 | 1,084,953 | ||||||||||||||
200,000 | Pioneer Natural Resources Co | 4.450 | 01/15/26 | 197,977 | ||||||||||||||
700,000 | Plains All American Pipeline LP | 5.000 | 02/01/21 | 682,887 | ||||||||||||||
200,000 | Plains All American Pipeline LP | 2.850 | 01/31/23 | 174,108 | ||||||||||||||
400,000 | Plains All American Pipeline LP | 3.850 | 10/15/23 | 352,113 | ||||||||||||||
575,000 | Plains All American Pipeline LP | 3.600 | 11/01/24 | 472,873 | ||||||||||||||
1,025,000 | Plains All American Pipeline LP | 4.650 | 10/15/25 | 829,622 | ||||||||||||||
2,075,000 | Plains All American Pipeline LP | 4.500 | 12/15/26 | 1,676,726 | ||||||||||||||
1,450,000 | Plains All American Pipeline LP | 3.550 | 12/15/29 | 990,657 | ||||||||||||||
100,000 | Plains All American Pipeline LP | 6.650 | 01/15/37 | 80,548 | ||||||||||||||
250,000 | Plains All American Pipeline LP | 5.150 | 06/01/42 | 165,462 | ||||||||||||||
300,000 | Plains All American Pipeline LP | 4.700 | 06/15/44 | 197,579 | ||||||||||||||
300,000 | Plains All American Pipeline LP | 4.900 | 02/15/45 | 202,512 | ||||||||||||||
375,000 | Regency Energy Partners LP | 5.875 | 03/01/22 | 352,248 | ||||||||||||||
2,250,000 | Sabine Pass Liquefaction LLC | 5.625 | 02/01/21 | 2,213,578 | ||||||||||||||
175,000 | Sabine Pass Liquefaction LLC | 6.250 | 03/15/22 | 169,741 | ||||||||||||||
675,000 | Sabine Pass Liquefaction LLC | 5.625 | 04/15/23 | 628,041 | ||||||||||||||
690,000 | Sabine Pass Liquefaction LLC | 5.750 | 05/15/24 | 647,594 | ||||||||||||||
1,775,000 | Sabine Pass Liquefaction LLC | 5.625 | 03/01/25 | 1,629,526 | ||||||||||||||
275,000 | Sabine Pass Liquefaction LLC | 5.875 | 06/30/26 | 261,923 | ||||||||||||||
2,675,000 | Sabine Pass Liquefaction LLC | 5.000 | 03/15/27 | 2,274,697 | ||||||||||||||
550,000 | Sabine Pass Liquefaction LLC | 4.200 | 03/15/28 | 472,346 | ||||||||||||||
1,000,000 | Schlumberger Investment S.A. | 3.650 | 12/01/23 | 993,189 | ||||||||||||||
500,000 | Shell International Finance BV | 1.875 | 05/10/21 | 497,627 | ||||||||||||||
950,000 | Shell International Finance BV | 1.750 | 09/12/21 | 945,332 | ||||||||||||||
575,000 | Shell International Finance BV | 2.375 | 08/21/22 | 578,100 | ||||||||||||||
500,000 | Shell International Finance BV | 2.250 | 01/06/23 | 501,422 | ||||||||||||||
350,000 | Shell International Finance BV | 3.400 | 08/12/23 | 365,013 | ||||||||||||||
5,075,000 | Shell International Finance BV | 3.250 | 05/11/25 | 5,324,706 | ||||||||||||||
2,075,000 | Shell International Finance BV | 2.875 | 05/10/26 | 2,138,429 | ||||||||||||||
925,000 | Shell International Finance BV | 2.500 | 09/12/26 | 940,416 | ||||||||||||||
1,225,000 | Shell International Finance BV | 3.875 | 11/13/28 | 1,338,909 | ||||||||||||||
1,500,000 | Shell International Finance BV | 2.375 | 11/07/29 | 1,491,045 | ||||||||||||||
500,000 | Shell International Finance BV | 4.125 | 05/11/35 | 573,107 | ||||||||||||||
350,000 | Shell International Finance BV | 6.375 | 12/15/38 | 499,487 | ||||||||||||||
100,000 | Shell International Finance BV | 5.500 | 03/25/40 | 131,106 | ||||||||||||||
1,200,000 | Shell International Finance BV | 4.550 | 08/12/43 | 1,406,288 |
36 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 2,025,000 | Shell International Finance BV | 4.375 | % | 05/11/45 | $ | 2,342,167 | |||||||||||
650,000 | Shell International Finance BV | 4.000 | 05/10/46 | 728,498 | ||||||||||||||
3,180,000 | Shell International Finance BV | 3.750 | 09/12/46 | 3,405,363 | ||||||||||||||
1,500,000 | Shell International Finance BV | 3.125 | 11/07/49 | 1,496,491 | ||||||||||||||
200,000 | Spectra Energy Partners LP | 4.750 | 03/15/24 | 192,179 | ||||||||||||||
400,000 | Spectra Energy Partners LP | 3.500 | 03/15/25 | 373,092 | ||||||||||||||
1,100,000 | Spectra Energy Partners LP | 3.375 | 10/15/26 | 1,013,098 | ||||||||||||||
200,000 | Spectra Energy Partners LP | 5.950 | 09/25/43 | 221,341 | ||||||||||||||
600,000 | Spectra Energy Partners LP | 4.500 | 03/15/45 | 545,466 | ||||||||||||||
1,775,000 | Suncor Energy, Inc | 3.600 | 12/01/24 | 1,718,115 | ||||||||||||||
250,000 | Suncor Energy, Inc | 6.800 | 05/15/38 | 264,294 | ||||||||||||||
1,625,000 | Suncor Energy, Inc | 6.500 | 06/15/38 | 1,667,680 | ||||||||||||||
1,550,000 | Suncor Energy, Inc | 4.000 | 11/15/47 | 1,413,496 | ||||||||||||||
200,000 | Sunoco Logistics Partners Operations LP | 4.400 | 04/01/21 | 199,363 | ||||||||||||||
1,181,000 | Sunoco Logistics Partners Operations LP | 3.450 | 01/15/23 | 1,017,390 | ||||||||||||||
300,000 | Sunoco Logistics Partners Operations LP | 4.250 | 04/01/24 | 264,682 | ||||||||||||||
200,000 | Sunoco Logistics Partners Operations LP | 5.950 | 12/01/25 | 184,212 | ||||||||||||||
400,000 | Sunoco Logistics Partners Operations LP | 3.900 | 07/15/26 | 336,987 | ||||||||||||||
100,000 | Sunoco Logistics Partners Operations LP | 6.100 | 02/15/42 | 86,496 | ||||||||||||||
300,000 | Sunoco Logistics Partners Operations LP | 5.300 | 04/01/44 | 249,788 | ||||||||||||||
200,000 | Sunoco Logistics Partners Operations LP | 5.350 | 05/15/45 | 157,147 | ||||||||||||||
1,225,000 | Sunoco Logistics Partners Operations LP | 5.400 | 10/01/47 | 972,628 | ||||||||||||||
100,000 | TechnipFMC plc | 3.450 | 10/01/22 | 96,207 | ||||||||||||||
300,000 | Total Capital Canada Ltd | 2.750 | 07/15/23 | 304,110 | ||||||||||||||
300,000 | Total Capital International S.A. | 2.750 | 06/19/21 | 302,169 | ||||||||||||||
500,000 | Total Capital International S.A. | 2.218 | 07/12/21 | 501,195 | ||||||||||||||
1,150,000 | Total Capital International S.A. | 2.875 | 02/17/22 | 1,155,889 | ||||||||||||||
1,675,000 | Total Capital International S.A. | 2.700 | 01/25/23 | 1,693,950 | ||||||||||||||
750,000 | Total Capital International S.A. | 3.700 | 01/15/24 | 784,187 | ||||||||||||||
450,000 | Total Capital International S.A. | 3.750 | 04/10/24 | 471,932 | ||||||||||||||
500,000 | Total Capital International S.A. | 2.434 | 01/10/25 | 501,875 | ||||||||||||||
900,000 | Total Capital International S.A. | 3.455 | 02/19/29 | 950,034 | ||||||||||||||
1,300,000 | Total Capital International S.A. | 2.829 | 01/10/30 | 1,316,459 | ||||||||||||||
500,000 | Total Capital International S.A. | 3.461 | 07/12/49 | 510,445 | ||||||||||||||
100,000 | Total Capital S.A. | 4.125 | 01/28/21 | 101,943 | ||||||||||||||
1,125,000 | Total Capital S.A. | 3.883 | 10/11/28 | 1,218,990 | ||||||||||||||
600,000 | TransCanada PipeLines Ltd | 3.800 | 10/01/20 | 596,955 | ||||||||||||||
325,000 | TransCanada PipeLines Ltd | 2.500 | 08/01/22 | 316,927 | ||||||||||||||
1,225,000 | TransCanada PipeLines Ltd | 4.875 | 01/15/26 | 1,311,569 | ||||||||||||||
1,925,000 | TransCanada PipeLines Ltd | 4.625 | 03/01/34 | 1,829,205 | ||||||||||||||
100,000 | TransCanada PipeLines Ltd | 6.200 | 10/15/37 | 115,927 | ||||||||||||||
500,000 | TransCanada PipeLines Ltd | 4.750 | 05/15/38 | 495,212 | ||||||||||||||
200,000 | TransCanada PipeLines Ltd | 7.625 | 01/15/39 | 258,967 | ||||||||||||||
125,000 | TransCanada PipeLines Ltd | 6.100 | 06/01/40 | 133,481 | ||||||||||||||
1,200,000 | TransCanada PipeLines Ltd | 5.000 | 10/16/43 | 1,231,749 | ||||||||||||||
750,000 | TransCanada PipeLines Ltd | 4.875 | 05/15/48 | 815,893 | ||||||||||||||
1,425,000 | TransCanada PipeLines Ltd | 5.100 | 03/15/49 | 1,599,806 | ||||||||||||||
5,525,000 | Vale Overseas Ltd | 6.250 | 08/10/26 | 5,967,111 | ||||||||||||||
150,000 | Vale Overseas Ltd | 8.250 | 01/17/34 | 182,250 | ||||||||||||||
1,164,000 | Vale Overseas Ltd | 6.875 | 11/21/36 | 1,292,634 | ||||||||||||||
825,000 | Valero Energy Corp | 3.650 | 03/15/25 | 803,404 | ||||||||||||||
675,000 | Valero Energy Corp | 3.400 | 09/15/26 | 605,678 | ||||||||||||||
500,000 | Valero Energy Corp | 4.350 | 06/01/28 | 486,206 |
37 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 2,075,000 | Valero Energy Corp | 4.000 | % | 04/01/29 | $ | 2,025,142 | |||||||||||
455,000 | Valero Energy Corp | 7.500 | 04/15/32 | 527,240 | ||||||||||||||
850,000 | Valero Energy Corp | 6.625 | 06/15/37 | 877,347 | ||||||||||||||
300,000 | Valero Energy Corp | 4.900 | 03/15/45 | 310,767 | ||||||||||||||
200,000 | Valero Energy Partners LP | 4.375 | 12/15/26 | 167,888 | ||||||||||||||
300,000 | Valero Energy Partners LP | 4.500 | 03/15/28 | 270,487 | ||||||||||||||
600,000 | Williams Partners LP | 4.000 | 11/15/21 | 569,189 | ||||||||||||||
1,000,000 | Williams Partners LP | 3.600 | 03/15/22 | 969,250 | ||||||||||||||
2,375,000 | Williams Partners LP | 3.350 | 08/15/22 | 2,272,603 | ||||||||||||||
300,000 | Williams Partners LP | 4.500 | 11/15/23 | 281,292 | ||||||||||||||
300,000 | Williams Partners LP | 4.300 | 03/04/24 | 272,592 | ||||||||||||||
150,000 | Williams Partners LP | 3.900 | 01/15/25 | 134,500 | ||||||||||||||
925,000 | Williams Partners LP | 4.000 | 09/15/25 | 812,119 | ||||||||||||||
1,300,000 | Williams Partners LP | 3.750 | 06/15/27 | 1,191,858 | ||||||||||||||
300,000 | Williams Partners LP | 6.300 | 04/15/40 | 302,810 | ||||||||||||||
300,000 | Williams Partners LP | 5.800 | 11/15/43 | 295,480 | ||||||||||||||
300,000 | Williams Partners LP | 5.400 | 03/04/44 | 264,989 | ||||||||||||||
1,000,000 | Williams Partners LP | 4.900 | 01/15/45 | 875,804 | ||||||||||||||
225,000 | Williams Partners LP | 5.100 | 09/15/45 | 213,734 | ||||||||||||||
1,700,000 | Williams Partners LP | 4.850 | 03/01/48 | 1,586,859 | ||||||||||||||
TOTAL ENERGY | 336,306,901 | |||||||||||||||||
FOOD & STAPLES RETAILING - 0.6% | ||||||||||||||||||
500,000 | Costco Wholesale Corp | 2.150 | 05/18/21 | 504,147 | ||||||||||||||
200,000 | Costco Wholesale Corp | 2.250 | 02/15/22 | 202,468 | ||||||||||||||
1,300,000 | Costco Wholesale Corp | 2.300 | 05/18/22 | 1,324,467 | ||||||||||||||
400,000 | Costco Wholesale Corp | 2.750 | 05/18/24 | 419,891 | ||||||||||||||
625,000 | Costco Wholesale Corp | 3.000 | 05/18/27 | 663,366 | ||||||||||||||
1,222,000 | CVS Health Corp | 3.350 | 03/09/21 | 1,230,435 | ||||||||||||||
1,025,000 | CVS Health Corp | 2.125 | 06/01/21 | 1,022,564 | ||||||||||||||
900,000 | CVS Health Corp | 3.500 | 07/20/22 | 923,069 | ||||||||||||||
925,000 | CVS Health Corp | 2.750 | 12/01/22 | 931,195 | ||||||||||||||
425,000 | CVS Health Corp | 4.000 | 12/05/23 | 443,772 | ||||||||||||||
900,000 | CVS Health Corp | 3.375 | 08/12/24 | 928,698 | ||||||||||||||
250,000 | CVS Health Corp | 2.625 | 08/15/24 | 250,749 | ||||||||||||||
5,075,000 | CVS Health Corp | 4.100 | 03/25/25 | 5,341,016 | ||||||||||||||
1,969,000 | CVS Health Corp | 3.875 | 07/20/25 | 2,034,459 | ||||||||||||||
2,550,000 | CVS Health Corp | 2.875 | 06/01/26 | 2,568,903 | ||||||||||||||
1,250,000 | CVS Health Corp | 3.000 | 08/15/26 | 1,245,142 | ||||||||||||||
5,550,000 | CVS Health Corp | 4.300 | 03/25/28 | 5,894,120 | ||||||||||||||
275,000 | CVS Health Corp | 3.250 | 08/15/29 | 267,842 | ||||||||||||||
4,100,000 | CVS Health Corp | 4.780 | 03/25/38 | 4,502,870 | ||||||||||||||
400,000 | CVS Health Corp | 5.300 | 12/05/43 | 472,050 | ||||||||||||||
1,800,000 | CVS Health Corp | 5.125 | 07/20/45 | 2,063,952 | ||||||||||||||
8,525,000 | CVS Health Corp | 5.050 | 03/25/48 | 9,681,040 | ||||||||||||||
69,000 | Delhaize Group S.A. | 5.700 | 10/01/40 | 88,080 | ||||||||||||||
200,000 | Kroger Co | 2.950 | 11/01/21 | 202,090 | ||||||||||||||
200,000 | Kroger Co | 3.400 | 04/15/22 | 204,701 | ||||||||||||||
2,525,000 | Kroger Co | 2.800 | 08/01/22 | 2,560,043 | ||||||||||||||
200,000 | Kroger Co | 3.850 | 08/01/23 | 213,754 | ||||||||||||||
300,000 | Kroger Co | 4.000 | 02/01/24 | 315,661 | ||||||||||||||
100,000 | Kroger Co | 3.500 | 02/01/26 | 105,588 | ||||||||||||||
1,275,000 | Kroger Co | 2.650 | 10/15/26 | 1,297,867 | ||||||||||||||
175,000 | Kroger Co | 3.700 | 08/01/27 | 187,550 |
38 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,150,000 | Kroger Co | 4.500 | % | 01/15/29 | $ | 1,292,611 | |||||||||||
100,000 | Kroger Co | 6.900 | 04/15/38 | 134,656 | ||||||||||||||
250,000 | Kroger Co | 5.000 | 04/15/42 | 287,913 | ||||||||||||||
300,000 | Kroger Co | 5.150 | 08/01/43 | 353,997 | ||||||||||||||
300,000 | Kroger Co | 3.875 | 10/15/46 | 294,119 | ||||||||||||||
900,000 | Kroger Co | 4.450 | 02/01/47 | 989,614 | ||||||||||||||
700,000 | Kroger Co | 4.650 | 01/15/48 | 791,438 | ||||||||||||||
300,000 | Kroger Co | 5.400 | 01/15/49 | 361,473 | ||||||||||||||
500,000 | Kroger Co | 3.950 | 01/15/50 | 517,360 | ||||||||||||||
125,000 | SYSCO Corp | 2.500 | 07/15/21 | 125,097 | ||||||||||||||
250,000 | SYSCO Corp | 3.550 | 03/15/25 | 243,503 | ||||||||||||||
500,000 | SYSCO Corp | 5.650 | 04/01/25 | 520,617 | ||||||||||||||
125,000 | SYSCO Corp | 3.750 | 10/01/25 | 124,606 | ||||||||||||||
350,000 | SYSCO Corp | 3.300 | 07/15/26 | 333,547 | ||||||||||||||
1,000,000 | SYSCO Corp | 2.400 | 02/15/30 | 821,542 | ||||||||||||||
500,000 | SYSCO Corp | 5.950 | 04/01/30 | 526,494 | ||||||||||||||
500,000 | SYSCO Corp | 6.600 | 04/01/40 | 536,407 | ||||||||||||||
300,000 | SYSCO Corp | 4.850 | 10/01/45 | 282,582 | ||||||||||||||
500,000 | SYSCO Corp | 4.500 | 04/01/46 | 480,576 | ||||||||||||||
250,000 | SYSCO Corp | 4.450 | 03/15/48 | 212,938 | ||||||||||||||
550,000 | SYSCO Corp | 3.300 | 02/15/50 | 398,848 | ||||||||||||||
500,000 | SYSCO Corp | 6.600 | 04/01/50 | 543,301 | ||||||||||||||
275,000 | Walgreen Co | 3.100 | 09/15/22 | 275,482 | ||||||||||||||
200,000 | Walgreen Co | 4.400 | 09/15/42 | 197,352 | ||||||||||||||
800,000 | Walgreens Boots Alliance, Inc | 3.300 | 11/18/21 | 811,564 | ||||||||||||||
375,000 | Walgreens Boots Alliance, Inc | 3.800 | 11/18/24 | 385,319 | ||||||||||||||
3,275,000 | Walgreens Boots Alliance, Inc | 3.450 | 06/01/26 | 3,243,224 | ||||||||||||||
1,400,000 | Walgreens Boots Alliance, Inc | 4.500 | 11/18/34 | 1,446,961 | ||||||||||||||
400,000 | Walgreens Boots Alliance, Inc | 4.800 | 11/18/44 | 392,940 | ||||||||||||||
525,000 | Walgreens Boots Alliance, Inc | 4.650 | 06/01/46 | 502,834 | ||||||||||||||
2,550,000 | Walmart, Inc | 1.900 | 12/15/20 | 2,556,915 | ||||||||||||||
2,100,000 | Walmart, Inc | 3.125 | 06/23/21 | 2,143,566 | ||||||||||||||
675,000 | Walmart, Inc | 2.350 | 12/15/22 | 696,075 | ||||||||||||||
1,475,000 | Walmart, Inc | 2.550 | 04/11/23 | 1,527,714 | ||||||||||||||
1,100,000 | Walmart, Inc | 3.400 | 06/26/23 | 1,169,888 | ||||||||||||||
1,250,000 | Walmart, Inc | 3.300 | 04/22/24 | 1,342,424 | ||||||||||||||
1,725,000 | Walmart, Inc | 2.650 | 12/15/24 | 1,820,039 | ||||||||||||||
1,000,000 | Walmart, Inc | 3.050 | 07/08/26 | 1,079,186 | ||||||||||||||
4,100,000 | Walmart, Inc | 3.700 | 06/26/28 | 4,609,364 | ||||||||||||||
175,000 | Walmart, Inc | 2.375 | 09/24/29 | 181,477 | ||||||||||||||
375,000 | Walmart, Inc | 5.250 | 09/01/35 | 515,233 | ||||||||||||||
725,000 | Walmart, Inc | 3.950 | 06/28/38 | 855,740 | ||||||||||||||
4,725,000 | Walmart, Inc | 3.625 | 12/15/47 | 5,388,838 | ||||||||||||||
1,850,000 | Walmart, Inc | 4.050 | 06/29/48 | 2,378,973 | ||||||||||||||
1,900,000 | Walmart, Inc | 2.950 | 09/24/49 | 2,085,360 | ||||||||||||||
TOTAL FOOD & STAPLES RETAILING | 93,871,256 | |||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 1.0% | ||||||||||||||||||
1,800,000 | Altria Group, Inc | 4.750 | 05/05/21 | 1,821,823 | ||||||||||||||
475,000 | Altria Group, Inc | 3.490 | 02/14/22 | 480,199 | ||||||||||||||
1,075,000 | Altria Group, Inc | 2.850 | 08/09/22 | 1,079,944 | ||||||||||||||
200,000 | Altria Group, Inc | 2.950 | 05/02/23 | 201,796 | ||||||||||||||
250,000 | Altria Group, Inc | 4.000 | 01/31/24 | 255,824 |
39 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 700,000 | Altria Group, Inc | 3.800 | % | 02/14/24 | $ | 709,608 | |||||||||||
400,000 | Altria Group, Inc | 4.400 | 02/14/26 | 414,219 | ||||||||||||||
700,000 | Altria Group, Inc | 2.625 | 09/16/26 | 668,504 | ||||||||||||||
800,000 | Altria Group, Inc | 5.800 | 02/14/39 | 876,605 | ||||||||||||||
925,000 | Altria Group, Inc | 4.250 | 08/09/42 | 920,061 | ||||||||||||||
300,000 | Altria Group, Inc | 4.500 | 05/02/43 | 284,299 | ||||||||||||||
775,000 | Altria Group, Inc | 5.375 | 01/31/44 | 859,647 | ||||||||||||||
900,000 | Altria Group, Inc | 3.875 | 09/16/46 | 813,485 | ||||||||||||||
1,875,000 | Altria Group, Inc | 5.950 | 02/14/49 | 2,181,514 | ||||||||||||||
1,700,000 | Altria Group, Inc | 6.200 | 02/14/59 | 1,872,328 | ||||||||||||||
775,000 | Anheuser-Busch InBev Finance, Inc | 3.300 | 02/01/23 | 797,476 | ||||||||||||||
125,000 | Anheuser-Busch InBev Finance, Inc | 3.700 | 02/01/24 | 129,773 | ||||||||||||||
1,125,000 | Anheuser-Busch InBev Finance, Inc | 4.625 | 02/01/44 | 1,181,064 | ||||||||||||||
625,000 | Anheuser-Busch InBev Worldwide, Inc | 4.900 | 01/23/31 | 694,298 | ||||||||||||||
1,700,000 | Anheuser-Busch InBev Worldwide, Inc | 4.375 | 04/15/38 | 1,713,022 | ||||||||||||||
100,000 | Anheuser-Busch InBev Worldwide, Inc | 8.200 | 01/15/39 | 150,302 | ||||||||||||||
2,675,000 | Anheuser-Busch InBev Worldwide, Inc | 5.450 | 01/23/39 | 3,114,155 | ||||||||||||||
150,000 | Anheuser-Busch InBev Worldwide, Inc | 4.950 | 01/15/42 | 161,835 | ||||||||||||||
425,000 | Anheuser-Busch InBev Worldwide, Inc | 4.600 | 04/15/48 | 450,214 | ||||||||||||||
1,764,000 | Anheuser-Busch InBev Worldwide, Inc | 4.439 | 10/06/48 | 1,801,903 | ||||||||||||||
2,025,000 | Anheuser-Busch InBev Worldwide, Inc | 5.550 | 01/23/49 | 2,383,149 | ||||||||||||||
1,725,000 | Anheuser-Busch InBev Worldwide, Inc | 4.750 | 04/15/58 | 1,771,773 | ||||||||||||||
2,150,000 | Anheuser-Busch InBev Worldwide, Inc | 5.800 | 01/23/59 | 2,633,512 | ||||||||||||||
300,000 | Archer-Daniels-Midland Co | 3.375 | 03/15/22 | 306,653 | ||||||||||||||
3,075,000 | Archer-Daniels-Midland Co | 2.500 | 08/11/26 | 3,101,162 | ||||||||||||||
740,000 | Archer-Daniels-Midland Co | 4.016 | 04/16/43 | 819,215 | ||||||||||||||
200,000 | Archer-Daniels-Midland Co | 3.750 | 09/15/47 | 224,872 | ||||||||||||||
800,000 | Archer-Daniels-Midland Co | 4.500 | 03/15/49 | 966,248 | ||||||||||||||
1,225,000 | BAT Capital Corp | 2.764 | 08/15/22 | 1,206,487 | ||||||||||||||
1,450,000 | BAT Capital Corp | 3.222 | 08/15/24 | 1,456,387 | ||||||||||||||
500,000 | BAT Capital Corp | 2.789 | 09/06/24 | 492,145 | ||||||||||||||
3,525,000 | BAT Capital Corp | 3.557 | 08/15/27 | 3,319,964 | ||||||||||||||
275,000 | BAT Capital Corp | 4.906 | 04/02/30 | 282,091 | ||||||||||||||
1,400,000 | BAT Capital Corp | 4.390 | 08/15/37 | 1,297,128 | ||||||||||||||
2,625,000 | BAT Capital Corp | 4.540 | 08/15/47 | 2,395,500 | ||||||||||||||
900,000 | BAT Capital Corp | 4.758 | 09/06/49 | 848,601 | ||||||||||||||
500,000 | BAT Capital Corp | 5.282 | 04/02/50 | 501,715 | ||||||||||||||
200,000 | Beam, Inc | 3.250 | 05/15/22 | 200,102 | ||||||||||||||
200,000 | Brown-Forman Corp | 3.500 | 04/15/25 | 213,217 | ||||||||||||||
200,000 | Brown-Forman Corp | 4.000 | 04/15/38 | 203,886 | ||||||||||||||
200,000 | Brown-Forman Corp | 4.500 | 07/15/45 | 231,013 | ||||||||||||||
800,000 | Bunge Ltd | 3.500 | 11/24/20 | 806,630 | ||||||||||||||
300,000 | Bunge Ltd | 3.000 | 09/25/22 | 296,486 | ||||||||||||||
500,000 | Bunge Ltd | 4.350 | 03/15/24 | 517,972 | ||||||||||||||
125,000 | Bunge Ltd | 3.250 | 08/15/26 | 124,907 | ||||||||||||||
500,000 | Bunge Ltd | 3.750 | 09/25/27 | 456,781 | ||||||||||||||
650,000 | Campbell Soup Co | 2.500 | 08/02/22 | 647,315 | ||||||||||||||
215,000 | Campbell Soup Co | 3.650 | 03/15/23 | 218,990 | ||||||||||||||
500,000 | Campbell Soup Co | 3.950 | 03/15/25 | 527,847 | ||||||||||||||
725,000 | Campbell Soup Co | 4.150 | 03/15/28 | 782,500 | ||||||||||||||
800,000 | Campbell Soup Co | 4.800 | 03/15/48 | 963,355 | ||||||||||||||
300,000 | Coca-Cola Bottling Co Consolidated | 3.800 | 11/25/25 | 317,112 | ||||||||||||||
1,800,000 | Coca-Cola Co | 1.550 | 09/01/21 | 1,801,451 | ||||||||||||||
650,000 | Coca-Cola Co | 2.500 | 04/01/23 | 678,228 |
40 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 2,975,000 | Coca-Cola Co | 3.200 | % | 11/01/23 | $ | 3,232,371 | |||||||||||
800,000 | Coca-Cola Co | 1.750 | 09/06/24 | 814,419 | ||||||||||||||
950,000 | Coca-Cola Co | 2.875 | 10/27/25 | 1,016,651 | ||||||||||||||
300,000 | Coca-Cola Co | 2.550 | 06/01/26 | 314,619 | ||||||||||||||
400,000 | Coca-Cola Co | 2.250 | 09/01/26 | 411,583 | ||||||||||||||
600,000 | Coca-Cola Co | 2.125 | 09/06/29 | 600,225 | ||||||||||||||
300,000 | Coca-Cola Co | 3.450 | 03/25/30 | 339,295 | ||||||||||||||
125,000 | Coca-Cola Co | 4.200 | 03/25/50 | 163,775 | ||||||||||||||
1,500,000 | Coca-Cola Femsa SAB de C.V. | 2.750 | 01/22/30 | 1,467,184 | ||||||||||||||
200,000 | Coca-Cola Femsa SAB de C.V. | 5.250 | 11/26/43 | 231,439 | ||||||||||||||
625,000 | ConAgra Brands, Inc | 3.800 | 10/22/21 | 629,870 | ||||||||||||||
872,000 | ConAgra Brands, Inc | 3.200 | 01/25/23 | 860,733 | ||||||||||||||
1,000,000 | ConAgra Brands, Inc | 4.300 | 05/01/24 | 1,038,283 | ||||||||||||||
450,000 | ConAgra Brands, Inc | 4.600 | 11/01/25 | 476,451 | ||||||||||||||
100,000 | ConAgra Brands, Inc | 7.000 | 10/01/28 | 120,339 | ||||||||||||||
1,575,000 | ConAgra Brands, Inc | 4.850 | 11/01/28 | 1,687,930 | ||||||||||||||
750,000 | ConAgra Brands, Inc | 5.300 | 11/01/38 | 816,277 | ||||||||||||||
750,000 | ConAgra Brands, Inc | 5.400 | 11/01/48 | 844,830 | ||||||||||||||
200,000 | Constellation Brands, Inc | 2.250 | 11/06/20 | 198,879 | ||||||||||||||
300,000 | Constellation Brands, Inc | 2.700 | 05/09/22 | 293,750 | ||||||||||||||
300,000 | Constellation Brands, Inc | 2.650 | 11/07/22 | 286,694 | ||||||||||||||
1,250,000 | Constellation Brands, Inc | 3.200 | 02/15/23 | 1,246,743 | ||||||||||||||
2,275,000 | Constellation Brands, Inc | 4.250 | 05/01/23 | 2,295,573 | ||||||||||||||
100,000 | Constellation Brands, Inc | 4.400 | 11/15/25 | 100,882 | ||||||||||||||
750,000 | Constellation Brands, Inc | 3.700 | 12/06/26 | 749,445 | ||||||||||||||
300,000 | Constellation Brands, Inc | 3.500 | 05/09/27 | 281,649 | ||||||||||||||
700,000 | Constellation Brands, Inc | 3.600 | 02/15/28 | 684,941 | ||||||||||||||
300,000 | Constellation Brands, Inc | 4.650 | 11/15/28 | 300,144 | ||||||||||||||
1,000,000 | Constellation Brands, Inc | 3.150 | 08/01/29 | 932,344 | ||||||||||||||
300,000 | Constellation Brands, Inc | 4.100 | 02/15/48 | 273,882 | ||||||||||||||
300,000 | Constellation Brands, Inc | 5.250 | 11/15/48 | 317,810 | ||||||||||||||
1,725,000 | Diageo Capital plc | 2.625 | 04/29/23 | 1,741,132 | ||||||||||||||
750,000 | Diageo Capital plc | 2.125 | 10/24/24 | 731,478 | ||||||||||||||
425,000 | Diageo Capital plc | 3.875 | 05/18/28 | 444,439 | ||||||||||||||
200,000 | Diageo Capital plc | 5.875 | 09/30/36 | 258,371 | ||||||||||||||
400,000 | Diageo Capital plc | 3.875 | 04/29/43 | 409,800 | ||||||||||||||
150,000 | Flowers Foods, Inc | 4.375 | 04/01/22 | 158,739 | ||||||||||||||
100,000 | Flowers Foods, Inc | 3.500 | 10/01/26 | 108,218 | ||||||||||||||
200,000 | Fomento Economico Mexicano SAB de C.V. | 2.875 | 05/10/23 | 198,969 | ||||||||||||||
300,000 | Fomento Economico Mexicano SAB de C.V. | 4.375 | 05/10/43 | 318,013 | ||||||||||||||
1,500,000 | Fomento Economico Mexicano SAB de C.V. | 3.500 | 01/16/50 | 1,397,509 | ||||||||||||||
200,000 | General Mills, Inc | 3.150 | 12/15/21 | 202,555 | ||||||||||||||
500,000 | General Mills, Inc | 2.600 | 10/12/22 | 505,150 | ||||||||||||||
200,000 | General Mills, Inc | 3.700 | 10/17/23 | 203,564 | ||||||||||||||
500,000 | General Mills, Inc | 3.650 | 02/15/24 | 517,190 | ||||||||||||||
150,000 | General Mills, Inc | 4.000 | 04/17/25 | 161,640 | ||||||||||||||
800,000 | General Mills, Inc | 3.200 | 02/10/27 | 842,385 | ||||||||||||||
3,800,000 | General Mills, Inc | 4.200 | 04/17/28 | 4,197,622 | ||||||||||||||
100,000 | General Mills, Inc | 2.875 | 04/15/30 | 99,800 | ||||||||||||||
150,000 | General Mills, Inc | 5.400 | 06/15/40 | 184,198 | ||||||||||||||
100,000 | General Mills, Inc | 4.150 | 02/15/43 | 101,191 | ||||||||||||||
200,000 | General Mills, Inc | 4.700 | 04/17/48 | 234,896 | ||||||||||||||
300,000 | Hershey Co | 3.100 | 05/15/21 | 299,490 |
41 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 300,000 | Hershey Co | 3.375 | % | 05/15/23 | $ | 309,268 | |||||||||||
300,000 | Hershey Co | 2.050 | 11/15/24 | 298,811 | ||||||||||||||
500,000 | Hershey Co | 2.300 | 08/15/26 | 505,635 | ||||||||||||||
300,000 | Hershey Co | 2.450 | 11/15/29 | 297,061 | ||||||||||||||
300,000 | Hershey Co | 3.375 | 08/15/46 | 296,853 | ||||||||||||||
300,000 | Hershey Co | 3.125 | 11/15/49 | 281,418 | ||||||||||||||
100,000 | Ingredion, Inc | 4.625 | 11/01/20 | 100,061 | ||||||||||||||
300,000 | Ingredion, Inc | 3.200 | 10/01/26 | 321,627 | ||||||||||||||
275,000 | JM Smucker Co | 3.500 | 10/15/21 | 279,771 | ||||||||||||||
300,000 | JM Smucker Co | 3.000 | 03/15/22 | 304,633 | ||||||||||||||
1,475,000 | JM Smucker Co | 3.500 | 03/15/25 | 1,512,164 | ||||||||||||||
200,000 | JM Smucker Co | 3.375 | 12/15/27 | 200,826 | ||||||||||||||
150,000 | JM Smucker Co | 2.375 | 03/15/30 | 138,253 | ||||||||||||||
300,000 | JM Smucker Co | 4.250 | 03/15/35 | 308,414 | ||||||||||||||
300,000 | JM Smucker Co | 4.375 | 03/15/45 | 298,343 | ||||||||||||||
400,000 | JM Smucker Co | 3.550 | 03/15/50 | 364,801 | ||||||||||||||
417,000 | Kellogg Co | 2.650 | 12/01/23 | 419,870 | ||||||||||||||
1,800,000 | Kellogg Co | 3.250 | 04/01/26 | 1,857,148 | ||||||||||||||
200,000 | Kellogg Co | 3.400 | 11/15/27 | 206,529 | ||||||||||||||
800,000 | Kellogg Co | 4.300 | 05/15/28 | 865,304 | ||||||||||||||
150,000 | Kellogg Co | 4.500 | 04/01/46 | 167,854 | ||||||||||||||
1,025,000 | Keurig Dr Pepper, Inc | 3.551 | 05/25/21 | 1,036,887 | ||||||||||||||
1,600,000 | Keurig Dr Pepper, Inc | 4.057 | 05/25/23 | 1,666,290 | ||||||||||||||
500,000 | Keurig Dr Pepper, Inc | 3.130 | 12/15/23 | 507,564 | ||||||||||||||
275,000 | Keurig Dr Pepper, Inc | 4.417 | 05/25/25 | 293,100 | ||||||||||||||
200,000 | Keurig Dr Pepper, Inc | 3.400 | 11/15/25 | 202,939 | ||||||||||||||
200,000 | Keurig Dr Pepper, Inc | 2.550 | 09/15/26 | 186,971 | ||||||||||||||
2,750,000 | Keurig Dr Pepper, Inc | 4.597 | 05/25/28 | 3,010,859 | ||||||||||||||
500,000 | Keurig Dr Pepper, Inc | 4.420 | 12/15/46 | 560,000 | ||||||||||||||
750,000 | Keurig Dr Pepper, Inc | 5.085 | 05/25/48 | 935,047 | ||||||||||||||
400,000 | McCormick & Co, Inc | 2.700 | 08/15/22 | 401,035 | ||||||||||||||
250,000 | McCormick & Co, Inc | 3.150 | 08/15/24 | 248,252 | ||||||||||||||
250,000 | McCormick & Co, Inc | 3.400 | 08/15/27 | 256,661 | ||||||||||||||
400,000 | McCormick & Co, Inc | 4.200 | 08/15/47 | 437,080 | ||||||||||||||
925,000 | Mead Johnson Nutrition Co | 4.125 | 11/15/25 | 1,009,470 | ||||||||||||||
350,000 | Mead Johnson Nutrition Co | 4.600 | 06/01/44 | 415,803 | ||||||||||||||
800,000 | Molson Coors Brewing Co | 2.100 | 07/15/21 | 781,749 | ||||||||||||||
900,000 | Molson Coors Brewing Co | 3.500 | 05/01/22 | 902,768 | ||||||||||||||
1,025,000 | Molson Coors Brewing Co | 3.000 | 07/15/26 | 962,805 | ||||||||||||||
525,000 | Molson Coors Brewing Co | 5.000 | 05/01/42 | 509,520 | ||||||||||||||
1,550,000 | Molson Coors Brewing Co | 4.200 | 07/15/46 | 1,387,267 | ||||||||||||||
500,000 | Mondelez International, Inc | 3.625 | 05/07/23 | 524,612 | ||||||||||||||
300,000 | Mondelez International, Inc | 3.625 | 02/13/26 | 315,250 | ||||||||||||||
500,000 | Mondelez International, Inc | 4.125 | 05/07/28 | 525,446 | ||||||||||||||
500,000 | Mondelez International, Inc | 4.625 | 05/07/48 | 565,021 | ||||||||||||||
300,000 | PepsiCo, Inc | 2.000 | 04/15/21 | 300,634 | ||||||||||||||
200,000 | PepsiCo, Inc | 3.000 | 08/25/21 | 205,458 | ||||||||||||||
1,375,000 | PepsiCo, Inc | 1.700 | 10/06/21 | 1,407,617 | ||||||||||||||
400,000 | PepsiCo, Inc | 2.750 | 03/05/22 | 411,597 | ||||||||||||||
600,000 | PepsiCo, Inc | 3.100 | 07/17/22 | 623,993 | ||||||||||||||
700,000 | PepsiCo, Inc | 2.750 | 03/01/23 | 728,674 | ||||||||||||||
1,425,000 | PepsiCo, Inc | 3.600 | 03/01/24 | 1,542,630 | ||||||||||||||
750,000 | PepsiCo, Inc | 2.250 | 03/19/25 | 778,566 | ||||||||||||||
525,000 | PepsiCo, Inc | 2.750 | 04/30/25 | 546,224 |
42 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 425,000 | PepsiCo, Inc | 3.500 | % | 07/17/25 | $ | 454,681 | |||||||||||
275,000 | PepsiCo, Inc | 2.850 | 02/24/26 | 289,930 | ||||||||||||||
1,300,000 | PepsiCo, Inc | 2.375 | 10/06/26 | 1,352,605 | ||||||||||||||
150,000 | PepsiCo, Inc | 2.625 | 03/19/27 | 156,704 | ||||||||||||||
500,000 | PepsiCo, Inc | 2.750 | 03/19/30 | 534,294 | ||||||||||||||
750,000 | PepsiCo, Inc | 3.500 | 03/19/40 | 843,196 | ||||||||||||||
625,000 | PepsiCo, Inc | 4.000 | 03/05/42 | 687,192 | ||||||||||||||
200,000 | PepsiCo, Inc | 3.600 | 08/13/42 | 207,654 | ||||||||||||||
450,000 | PepsiCo, Inc | 4.600 | 07/17/45 | 540,165 | ||||||||||||||
1,600,000 | PepsiCo, Inc | 4.450 | 04/14/46 | 2,091,540 | ||||||||||||||
575,000 | PepsiCo, Inc | 3.450 | 10/06/46 | 646,359 | ||||||||||||||
925,000 | PepsiCo, Inc | 4.000 | 05/02/47 | 1,110,448 | ||||||||||||||
1,250,000 | PepsiCo, Inc | 3.375 | 07/29/49 | 1,403,911 | ||||||||||||||
750,000 | PepsiCo, Inc | 2.875 | 10/15/49 | 778,366 | ||||||||||||||
750,000 | PepsiCo, Inc | 3.625 | 03/19/50 | 890,027 | ||||||||||||||
750,000 | PepsiCo, Inc | 3.875 | 03/19/60 | 942,530 | ||||||||||||||
200,000 | Philip Morris International, Inc | 2.900 | 11/15/21 | 201,456 | ||||||||||||||
300,000 | Philip Morris International, Inc | 2.625 | 02/18/22 | 304,271 | ||||||||||||||
425,000 | Philip Morris International, Inc | 2.375 | 08/17/22 | 432,850 | ||||||||||||||
375,000 | Philip Morris International, Inc | 2.500 | 08/22/22 | 379,725 | ||||||||||||||
450,000 | Philip Morris International, Inc | 2.500 | 11/02/22 | 451,719 | ||||||||||||||
500,000 | Philip Morris International, Inc | 2.625 | 03/06/23 | 490,512 | ||||||||||||||
300,000 | Philip Morris International, Inc | 2.125 | 05/10/23 | 298,390 | ||||||||||||||
300,000 | Philip Morris International, Inc | 3.600 | 11/15/23 | 312,535 | ||||||||||||||
600,000 | Philip Morris International, Inc | 3.250 | 11/10/24 | 632,976 | ||||||||||||||
500,000 | Philip Morris International, Inc | 3.375 | 08/11/25 | 520,474 | ||||||||||||||
700,000 | Philip Morris International, Inc | 2.750 | 02/25/26 | 700,130 | ||||||||||||||
1,300,000 | Philip Morris International, Inc | 3.125 | 08/17/27 | 1,345,189 | ||||||||||||||
1,500,000 | Philip Morris International, Inc | 3.125 | 03/02/28 | 1,531,421 | ||||||||||||||
1,450,000 | Philip Morris International, Inc | 3.375 | 08/15/29 | 1,528,965 | ||||||||||||||
400,000 | Philip Morris International, Inc | 6.375 | 05/16/38 | 544,693 | ||||||||||||||
225,000 | Philip Morris International, Inc | 4.375 | 11/15/41 | 256,848 | ||||||||||||||
200,000 | Philip Morris International, Inc | 4.500 | 03/20/42 | 234,368 | ||||||||||||||
275,000 | Philip Morris International, Inc | 3.875 | 08/21/42 | 292,708 | ||||||||||||||
300,000 | Philip Morris International, Inc | 4.125 | 03/04/43 | 313,391 | ||||||||||||||
200,000 | Philip Morris International, Inc | 4.875 | 11/15/43 | 241,250 | ||||||||||||||
2,000,000 | Philip Morris International, Inc | 4.250 | 11/10/44 | 2,214,701 | ||||||||||||||
270,000 | Reynolds American, Inc | 6.875 | 05/01/20 | 270,706 | ||||||||||||||
375,000 | Reynolds American, Inc | 3.250 | 06/12/20 | 373,875 | ||||||||||||||
2,500,000 | Reynolds American, Inc | 4.000 | 06/12/22 | 2,531,811 | ||||||||||||||
200,000 | Reynolds American, Inc | 4.850 | 09/15/23 | 208,082 | ||||||||||||||
550,000 | Reynolds American, Inc | 4.450 | 06/12/25 | 560,092 | ||||||||||||||
750,000 | Reynolds American, Inc | 5.700 | 08/15/35 | 825,787 | ||||||||||||||
65,000 | Reynolds American, Inc | 7.250 | 06/15/37 | 77,174 | ||||||||||||||
200,000 | Reynolds American, Inc | 6.150 | 09/15/43 | 217,148 | ||||||||||||||
1,775,000 | Reynolds American, Inc | 5.850 | 08/15/45 | 1,908,710 | ||||||||||||||
150,000 | Tyson Foods, Inc | 2.250 | 08/23/21 | 150,826 | ||||||||||||||
1,600,000 | Tyson Foods, Inc | 4.500 | 06/15/22 | 1,654,089 | ||||||||||||||
100,000 | Tyson Foods, Inc | 3.900 | 09/28/23 | 106,335 | ||||||||||||||
750,000 | Tyson Foods, Inc | 3.950 | 08/15/24 | 803,096 | ||||||||||||||
500,000 | Tyson Foods, Inc | 4.000 | 03/01/26 | 528,911 | ||||||||||||||
1,150,000 | Tyson Foods, Inc | 3.550 | 06/02/27 | 1,191,556 | ||||||||||||||
500,000 | Tyson Foods, Inc | 4.350 | 03/01/29 | 548,478 |
43 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 500,000 | Tyson Foods, Inc | 5.150 | % | 08/15/44 | $ | 591,955 | |||||||||||
300,000 | Tyson Foods, Inc | 4.550 | 06/02/47 | 329,304 | ||||||||||||||
1,700,000 | Tyson Foods, Inc | 5.100 | 09/28/48 | 2,109,202 | ||||||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 167,641,395 | |||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.9% | ||||||||||||||||||
500,000 | Adventist Health System | 2.952 | 03/01/29 | 479,859 | ||||||||||||||
500,000 | Adventist Health System | 3.630 | 03/01/49 | 517,112 | ||||||||||||||
200,000 | Advocate Health & Hospitals Corp | 3.829 | 08/15/28 | 219,657 | ||||||||||||||
100,000 | Advocate Health & Hospitals Corp | 4.272 | 08/15/48 | 121,016 | ||||||||||||||
600,000 | Advocate Health & Hospitals Corp | 3.387 | 10/15/49 | 623,218 | ||||||||||||||
200,000 | Allina Health System | 3.887 | 04/15/49 | 213,359 | ||||||||||||||
100,000 | AmerisourceBergen Corp | 3.500 | 11/15/21 | 100,750 | ||||||||||||||
400,000 | AmerisourceBergen Corp | 3.400 | 05/15/24 | 408,420 | ||||||||||||||
700,000 | AmerisourceBergen Corp | 3.250 | 03/01/25 | 708,321 | ||||||||||||||
200,000 | AmerisourceBergen Corp | 3.450 | 12/15/27 | 200,897 | ||||||||||||||
700,000 | AmerisourceBergen Corp | 4.300 | 12/15/47 | 728,047 | ||||||||||||||
150,000 | Anthem, Inc | 3.700 | 08/15/21 | 151,813 | ||||||||||||||
1,000,000 | Anthem, Inc | 3.125 | 05/15/22 | 1,017,129 | ||||||||||||||
500,000 | Anthem, Inc | 3.300 | 01/15/23 | 506,840 | ||||||||||||||
225,000 | Anthem, Inc | 3.500 | 08/15/24 | 230,894 | ||||||||||||||
1,625,000 | Anthem, Inc | 3.350 | 12/01/24 | 1,654,789 | ||||||||||||||
500,000 | Anthem, Inc | 2.375 | 01/15/25 | 493,371 | ||||||||||||||
850,000 | Anthem, Inc | 3.650 | 12/01/27 | 877,768 | ||||||||||||||
1,225,000 | Anthem, Inc | 4.101 | 03/01/28 | 1,318,805 | ||||||||||||||
500,000 | Anthem, Inc | 2.875 | 09/15/29 | 486,798 | ||||||||||||||
1,150,000 | Anthem, Inc | 4.625 | 05/15/42 | 1,279,126 | ||||||||||||||
125,000 | Anthem, Inc | 4.650 | 01/15/43 | 140,989 | ||||||||||||||
500,000 | Anthem, Inc | 5.100 | 01/15/44 | 592,949 | ||||||||||||||
425,000 | Anthem, Inc | 4.650 | 08/15/44 | 471,083 | ||||||||||||||
625,000 | Anthem, Inc | 4.375 | 12/01/47 | 672,773 | ||||||||||||||
1,800,000 | Anthem, Inc | 4.550 | 03/01/48 | 2,036,990 | ||||||||||||||
500,000 | Anthem, Inc | 3.700 | 09/15/49 | 499,949 | ||||||||||||||
500,000 | Ascension Health | 2.532 | 11/15/29 | 517,375 | ||||||||||||||
500,000 | Ascension Health | 3.106 | 11/15/39 | 508,614 | ||||||||||||||
875,000 | Ascension Health | 3.945 | 11/15/46 | 1,016,180 | ||||||||||||||
200,000 | Ascension Health | 4.847 | 11/15/53 | 248,486 | ||||||||||||||
300,000 | Baxter International, Inc | 1.700 | 08/15/21 | 299,023 | ||||||||||||||
475,000 | Baxter International, Inc | 2.600 | 08/15/26 | 466,396 | ||||||||||||||
300,000 | Baxter International, Inc | 3.500 | 08/15/46 | 276,340 | ||||||||||||||
290,000 | Baylor Scott & White Holdings | 4.185 | 11/15/45 | 347,164 | ||||||||||||||
200,000 | Baylor Scott & White Holdings | 3.967 | 11/15/46 | 232,648 | ||||||||||||||
1,450,000 | Becton Dickinson & Co | 2.894 | 06/06/22 | 1,451,194 | ||||||||||||||
1,400,000 | Becton Dickinson & Co | 3.363 | 06/06/24 | 1,403,028 | ||||||||||||||
601,000 | Becton Dickinson & Co | 3.734 | 12/15/24 | 616,177 | ||||||||||||||
2,777,000 | Becton Dickinson & Co | 3.700 | 06/06/27 | 2,822,075 | ||||||||||||||
391,000 | Becton Dickinson & Co | 4.685 | 12/15/44 | 411,355 | ||||||||||||||
1,000,000 | Becton Dickinson & Co | 4.669 | 06/06/47 | 1,078,946 | ||||||||||||||
100,000 | Bio-Rad Laboratories, Inc | 4.875 | 12/15/20 | 101,379 | ||||||||||||||
300,000 | Boston Scientific Corp | 3.375 | 05/15/22 | 309,503 | ||||||||||||||
500,000 | Boston Scientific Corp | 3.450 | 03/01/24 | 513,097 | ||||||||||||||
1,155,000 | Boston Scientific Corp | 3.850 | 05/15/25 | 1,209,070 | ||||||||||||||
500,000 | Boston Scientific Corp | 3.750 | 03/01/26 | 524,460 | ||||||||||||||
700,000 | Boston Scientific Corp | 4.000 | 03/01/28 | 738,493 |
44 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 275,000 | Boston Scientific Corp | 4.000 | % | 03/01/29 | $ | 291,053 | |||||||||||
700,000 | Boston Scientific Corp | 4.550 | 03/01/39 | 769,540 | ||||||||||||||
775,000 | Boston Scientific Corp | 4.700 | 03/01/49 | 886,179 | ||||||||||||||
100,000 | Cardinal Health, Inc | 4.625 | 12/15/20 | 100,900 | ||||||||||||||
625,000 | Cardinal Health, Inc | 2.616 | 06/15/22 | 627,693 | ||||||||||||||
100,000 | Cardinal Health, Inc | 3.200 | 06/15/22 | 101,558 | ||||||||||||||
200,000 | Cardinal Health, Inc | 3.200 | 03/15/23 | 200,999 | ||||||||||||||
650,000 | Cardinal Health, Inc | 3.079 | 06/15/24 | 643,714 | ||||||||||||||
100,000 | Cardinal Health, Inc | 3.500 | 11/15/24 | 101,953 | ||||||||||||||
200,000 | Cardinal Health, Inc | 3.750 | 09/15/25 | 205,802 | ||||||||||||||
1,475,000 | Cardinal Health, Inc | 3.410 | 06/15/27 | 1,497,995 | ||||||||||||||
100,000 | Cardinal Health, Inc | 4.600 | 03/15/43 | 100,922 | ||||||||||||||
200,000 | Cardinal Health, Inc | 4.500 | 11/15/44 | 198,669 | ||||||||||||||
200,000 | Cardinal Health, Inc | 4.900 | 09/15/45 | 210,233 | ||||||||||||||
500,000 | Cardinal Health, Inc | 4.368 | 06/15/47 | 501,972 | ||||||||||||||
200,000 | CHRISTUS Health | 4.341 | 07/01/28 | 227,903 | ||||||||||||||
540,000 | Cigna Corp | 5.125 | 06/15/20 | 541,885 | ||||||||||||||
500,000 | Cigna Corp | 3.200 | 09/17/20 | 500,720 | ||||||||||||||
1,500,000 | Cigna Corp | 3.400 | 09/17/21 | 1,522,404 | ||||||||||||||
525,000 | g | Cigna Corp | 3.900 | 02/15/22 | 536,619 | |||||||||||||
1,100,000 | g | Cigna Corp | 3.000 | 07/15/23 | 1,125,360 | |||||||||||||
1,147,000 | Cigna Corp | 3.750 | 07/15/23 | 1,180,590 | ||||||||||||||
300,000 | g | Cigna Corp | 3.500 | 06/15/24 | 310,325 | |||||||||||||
900,000 | g | Cigna Corp | 3.250 | 04/15/25 | 918,651 | |||||||||||||
2,150,000 | Cigna Corp | 4.125 | 11/15/25 | 2,302,145 | ||||||||||||||
150,000 | g | Cigna Corp | 4.500 | 02/25/26 | 161,966 | |||||||||||||
1,475,000 | g | Cigna Corp | 3.400 | 03/01/27 | 1,496,036 | |||||||||||||
300,000 | g | Cigna Corp | 3.050 | 10/15/27 | 298,432 | |||||||||||||
4,275,000 | Cigna Corp | 4.375 | 10/15/28 | 4,598,359 | ||||||||||||||
250,000 | Cigna Corp | 2.400 | 03/15/30 | 236,483 | ||||||||||||||
1,700,000 | Cigna Corp | 4.800 | 08/15/38 | 1,910,574 | ||||||||||||||
225,000 | Cigna Corp | 3.200 | 03/15/40 | 206,068 | ||||||||||||||
93,000 | g | Cigna Corp | 6.125 | 11/15/41 | 121,301 | |||||||||||||
975,000 | g | Cigna Corp | 4.800 | 07/15/46 | 1,158,217 | |||||||||||||
1,150,000 | g | Cigna Corp | 3.875 | 10/15/47 | 1,157,178 | |||||||||||||
2,450,000 | Cigna Corp | 4.900 | 12/15/48 | 2,961,304 | ||||||||||||||
750,000 | Cigna Corp | 3.400 | 03/15/50 | 714,357 | ||||||||||||||
600,000 | City of Hope | 4.378 | 08/15/48 | 717,586 | ||||||||||||||
150,000 | Covidien International Finance S.A. | 3.200 | 06/15/22 | 155,072 | ||||||||||||||
100,000 | Dartmouth-Hitchcock Health | 4.178 | 08/01/48 | 110,182 | ||||||||||||||
200,000 | Dignity Health | 5.267 | 11/01/64 | 233,512 | ||||||||||||||
400,000 | Duke University Health System, Inc | 3.920 | 06/01/47 | 454,991 | ||||||||||||||
400,000 | Edwards Lifesciences Corp | 4.300 | 06/15/28 | 436,156 | ||||||||||||||
200,000 | Hackensack Meridian Health, Inc | 4.211 | 07/01/48 | 231,639 | ||||||||||||||
200,000 | Hackensack Meridian Health, Inc | 4.500 | 07/01/57 | 243,550 | ||||||||||||||
685,000 | Hartford HealthCare Corp | 3.447 | 07/01/54 | 650,423 | ||||||||||||||
2,500,000 | HCA, Inc | 5.000 | 03/15/24 | 2,588,836 | ||||||||||||||
2,000,000 | HCA, Inc | 4.500 | 02/15/27 | 2,058,693 | ||||||||||||||
225,000 | HCA, Inc | 5.125 | 06/15/39 | 232,390 | ||||||||||||||
875,000 | HCA, Inc | 5.500 | 06/15/47 | 952,899 | ||||||||||||||
2,500,000 | HCA, Inc | 5.250 | 06/15/49 | 2,668,665 | ||||||||||||||
400,000 | Hillenbrand, Inc | 4.500 | 09/15/26 | 407,639 | ||||||||||||||
200,000 | Indiana University Health, Inc Obligated Group | 3.970 | 11/01/48 | 226,892 |
45 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 350,000 | Johns Hopkins Health System Corp | 3.837 | % | 05/15/46 | $ | 406,691 | |||||||||||
100,000 | Kaiser Foundation Hospitals | 3.500 | 04/01/22 | 102,690 | ||||||||||||||
500,000 | Kaiser Foundation Hospitals | 3.150 | 05/01/27 | 514,543 | ||||||||||||||
100,000 | Kaiser Foundation Hospitals | 4.875 | 04/01/42 | 117,707 | ||||||||||||||
1,265,000 | Kaiser Foundation Hospitals | 4.150 | 05/01/47 | 1,470,401 | ||||||||||||||
1,000,000 | Kaiser Foundation Hospitals | 3.266 | 11/01/49 | 995,978 | ||||||||||||||
200,000 | Keysight Technologies, Inc | 4.550 | 10/30/24 | 208,879 | ||||||||||||||
600,000 | Keysight Technologies, Inc | 4.600 | 04/06/27 | 615,542 | ||||||||||||||
500,000 | Keysight Technologies, Inc | 3.000 | 10/30/29 | 472,377 | ||||||||||||||
1,500,000 | Laboratory Corp of America Holdings | 3.200 | 02/01/22 | 1,512,158 | ||||||||||||||
200,000 | Laboratory Corp of America Holdings | 3.750 | 08/23/22 | 206,228 | ||||||||||||||
700,000 | Laboratory Corp of America Holdings | 4.000 | 11/01/23 | 724,724 | ||||||||||||||
200,000 | Laboratory Corp of America Holdings | 3.250 | 09/01/24 | 205,220 | ||||||||||||||
500,000 | Laboratory Corp of America Holdings | 2.300 | 12/01/24 | 494,973 | ||||||||||||||
100,000 | Laboratory Corp of America Holdings | 3.600 | 02/01/25 | 103,984 | ||||||||||||||
300,000 | Laboratory Corp of America Holdings | 3.600 | 09/01/27 | 312,079 | ||||||||||||||
500,000 | Laboratory Corp of America Holdings | 2.950 | 12/01/29 | 482,408 | ||||||||||||||
800,000 | Laboratory Corp of America Holdings | 4.700 | 02/01/45 | 909,506 | ||||||||||||||
200,000 | Mayo Clinic | 4.000 | 11/15/47 | 232,073 | ||||||||||||||
200,000 | Mayo Clinic | 4.128 | 11/15/52 | 238,213 | ||||||||||||||
300,000 | McKesson Corp | 3.650 | 11/30/20 | 302,157 | ||||||||||||||
600,000 | McKesson Corp | 2.700 | 12/15/22 | 606,528 | ||||||||||||||
200,000 | McKesson Corp | 2.850 | 03/15/23 | 203,066 | ||||||||||||||
1,925,000 | McKesson Corp | 3.796 | 03/15/24 | 1,997,385 | ||||||||||||||
500,000 | McKesson Corp | 3.950 | 02/16/28 | 525,834 | ||||||||||||||
300,000 | McKesson Corp | 4.750 | 05/30/29 | 341,163 | ||||||||||||||
200,000 | McLaren Health Care Corp | 4.386 | 05/15/48 | 233,812 | ||||||||||||||
433,000 | Medtronic, Inc | 3.150 | 03/15/22 | 448,912 | ||||||||||||||
2,059,000 | Medtronic, Inc | 3.500 | 03/15/25 | 2,217,772 | ||||||||||||||
2,777,000 | Medtronic, Inc | 4.375 | 03/15/35 | 3,458,162 | ||||||||||||||
1,074,000 | Medtronic, Inc | 4.625 | 03/15/45 | 1,420,488 | ||||||||||||||
500,000 | Memorial Health Services | 3.447 | 11/01/49 | 512,016 | ||||||||||||||
200,000 | Memorial Sloan-Kettering Cancer Center | 4.125 | 07/01/52 | 237,705 | ||||||||||||||
500,000 | Memorial Sloan-Kettering Cancer Center | 4.200 | 07/01/55 | 603,912 | ||||||||||||||
200,000 | Mercy Health | 4.302 | 07/01/28 | 233,657 | ||||||||||||||
500,000 | Montefiore Obligated Group | 5.246 | 11/01/48 | 516,799 | ||||||||||||||
750,000 | Montefiore Obligated Group | 4.287 | 09/01/50 | 645,779 | ||||||||||||||
100,000 | Mount Sinai Hospitals Group, Inc | 3.981 | 07/01/48 | 104,760 | ||||||||||||||
600,000 | Mount Sinai Hospitals Group, Inc | 3.737 | 07/01/49 | 615,281 | ||||||||||||||
300,000 | New York and Presbyterian Hospital | 4.024 | 08/01/45 | 346,576 | ||||||||||||||
150,000 | New York and Presbyterian Hospital | 4.063 | 08/01/56 | 179,154 | ||||||||||||||
500,000 | New York and Presbyterian Hospital | 3.954 | 08/01/19 | 502,039 | ||||||||||||||
140,000 | Northwell Healthcare, Inc | 3.979 | 11/01/46 | 144,427 | ||||||||||||||
675,000 | Northwell Healthcare, Inc | 4.260 | 11/01/47 | 721,884 | ||||||||||||||
500,000 | Northwell Healthcare, Inc | 3.809 | 11/01/49 | 498,799 | ||||||||||||||
350,000 | NYU Hospitals Center | 5.750 | 07/01/43 | 450,131 | ||||||||||||||
250,000 | NYU Hospitals Center | 4.368 | 07/01/47 | 267,057 | ||||||||||||||
915,000 | NYU Langone Hospitals | 3.380 | 07/01/55 | 850,630 | ||||||||||||||
100,000 | Orlando Health Obligated Group | 4.089 | 10/01/48 | 106,339 | ||||||||||||||
200,000 | PeaceHealth Obligated Group | 4.787 | 11/15/48 | 251,833 | ||||||||||||||
500,000 | PerkinElmer, Inc | 3.300 | 09/15/29 | 472,635 | ||||||||||||||
200,000 | Providence St. Joseph Health Obligated Group | 2.746 | 10/01/26 | 213,539 | ||||||||||||||
570,000 | Providence St. Joseph Health Obligated Group | 2.532 | 10/01/29 | 558,449 | ||||||||||||||
100,000 | Providence St. Joseph Health Obligated Group | 3.744 | 10/01/47 | 106,510 |
46 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 350,000 | Providence St. Joseph Health Obligated Group | 3.930 | % | 10/01/48 | $ | 385,529 | |||||||||||
400,000 | Quest Diagnostics, Inc | 4.700 | 04/01/21 | 404,605 | ||||||||||||||
125,000 | Quest Diagnostics, Inc | 3.500 | 03/30/25 | 127,904 | ||||||||||||||
225,000 | Quest Diagnostics, Inc | 3.450 | 06/01/26 | 231,148 | ||||||||||||||
500,000 | Quest Diagnostics, Inc | 4.200 | 06/30/29 | 545,026 | ||||||||||||||
1,250,000 | Quest Diagnostics, Inc | 2.950 | 06/30/30 | 1,244,240 | ||||||||||||||
300,000 | Quest Diagnostics, Inc | 4.700 | 03/30/45 | 330,850 | ||||||||||||||
200,000 | RWJ Barnabas Health, Inc | 3.949 | 07/01/46 | 221,854 | ||||||||||||||
300,000 | SSM Health Care Corp | 3.688 | 06/01/23 | 304,686 | ||||||||||||||
400,000 | SSM Health Care Corp | 3.823 | 06/01/27 | 415,536 | ||||||||||||||
500,000 | Stanford Health Care | 3.795 | 11/15/48 | 547,088 | ||||||||||||||
850,000 | Stryker Corp | 2.625 | 03/15/21 | 851,173 | ||||||||||||||
200,000 | Stryker Corp | 3.375 | 11/01/25 | 211,533 | ||||||||||||||
1,600,000 | Stryker Corp | 3.500 | 03/15/26 | 1,668,806 | ||||||||||||||
500,000 | Stryker Corp | 3.650 | 03/07/28 | 532,709 | ||||||||||||||
200,000 | Stryker Corp | 4.100 | 04/01/43 | 217,595 | ||||||||||||||
200,000 | Stryker Corp | 4.375 | 05/15/44 | 208,941 | ||||||||||||||
550,000 | Stryker Corp | 4.625 | 03/15/46 | 648,224 | ||||||||||||||
200,000 | Sutter Health | 3.695 | 08/15/28 | 210,066 | ||||||||||||||
200,000 | Sutter Health | 4.091 | 08/15/48 | 213,963 | ||||||||||||||
100,000 | Texas Health Resources | 4.330 | 11/15/55 | 115,423 | ||||||||||||||
1,300,000 | Thermo Fisher Scientific, Inc | 3.000 | 04/15/23 | 1,333,437 | ||||||||||||||
850,000 | Thermo Fisher Scientific, Inc | 4.150 | 02/01/24 | 911,598 | ||||||||||||||
150,000 | Thermo Fisher Scientific, Inc | 3.650 | 12/15/25 | 155,470 | ||||||||||||||
975,000 | Thermo Fisher Scientific, Inc | 2.950 | 09/19/26 | 986,830 | ||||||||||||||
1,150,000 | Thermo Fisher Scientific, Inc | 3.200 | 08/15/27 | 1,177,734 | ||||||||||||||
1,500,000 | Thermo Fisher Scientific, Inc | 2.600 | 10/01/29 | 1,447,436 | ||||||||||||||
200,000 | Thermo Fisher Scientific, Inc | 5.300 | 02/01/44 | 246,430 | ||||||||||||||
200,000 | Thermo Fisher Scientific, Inc | 4.100 | 08/15/47 | 208,057 | ||||||||||||||
300,000 | Trinity Health Corp | 4.125 | 12/01/45 | 350,638 | ||||||||||||||
185,000 | Trinity Health Corp | 3.434 | 12/01/48 | 193,560 | ||||||||||||||
700,000 | UnitedHealth Group, Inc | 4.700 | 02/15/21 | 711,952 | ||||||||||||||
300,000 | UnitedHealth Group, Inc | 2.125 | 03/15/21 | 300,277 | ||||||||||||||
675,000 | UnitedHealth Group, Inc | 3.150 | 06/15/21 | 685,978 | ||||||||||||||
500,000 | UnitedHealth Group, Inc | 2.875 | 12/15/21 | 510,412 | ||||||||||||||
250,000 | UnitedHealth Group, Inc | 2.875 | 03/15/22 | 256,861 | ||||||||||||||
800,000 | UnitedHealth Group, Inc | 3.350 | 07/15/22 | 827,895 | ||||||||||||||
625,000 | UnitedHealth Group, Inc | 2.375 | 10/15/22 | 634,858 | ||||||||||||||
325,000 | UnitedHealth Group, Inc | 2.750 | 02/15/23 | 333,586 | ||||||||||||||
400,000 | UnitedHealth Group, Inc | 2.875 | 03/15/23 | 415,283 | ||||||||||||||
1,650,000 | UnitedHealth Group, Inc | 3.500 | 02/15/24 | 1,755,715 | ||||||||||||||
750,000 | UnitedHealth Group, Inc | 2.375 | 08/15/24 | 768,925 | ||||||||||||||
450,000 | UnitedHealth Group, Inc | 3.750 | 07/15/25 | 488,143 | ||||||||||||||
500,000 | UnitedHealth Group, Inc | 3.700 | 12/15/25 | 540,681 | ||||||||||||||
1,475,000 | UnitedHealth Group, Inc | 3.100 | 03/15/26 | 1,558,592 | ||||||||||||||
200,000 | UnitedHealth Group, Inc | 3.450 | 01/15/27 | 215,414 | ||||||||||||||
300,000 | UnitedHealth Group, Inc | 3.375 | 04/15/27 | 320,839 | ||||||||||||||
1,700,000 | UnitedHealth Group, Inc | 2.950 | 10/15/27 | 1,782,377 | ||||||||||||||
2,375,000 | UnitedHealth Group, Inc | 3.850 | 06/15/28 | 2,648,073 | ||||||||||||||
500,000 | UnitedHealth Group, Inc | 3.875 | 12/15/28 | 563,261 | ||||||||||||||
1,000,000 | UnitedHealth Group, Inc | 2.875 | 08/15/29 | 1,053,879 | ||||||||||||||
925,000 | UnitedHealth Group, Inc | 4.625 | 07/15/35 | 1,102,597 | ||||||||||||||
150,000 | UnitedHealth Group, Inc | 5.800 | 03/15/36 | 195,556 |
47 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 365,000 | UnitedHealth Group, Inc | 6.625 | % | 11/15/37 | $ | 510,654 | |||||||||||
200,000 | UnitedHealth Group, Inc | 6.875 | 02/15/38 | 294,497 | ||||||||||||||
275,000 | UnitedHealth Group, Inc | 3.500 | 08/15/39 | 295,757 | ||||||||||||||
300,000 | UnitedHealth Group, Inc | 4.375 | 03/15/42 | 358,873 | ||||||||||||||
350,000 | UnitedHealth Group, Inc | 3.950 | 10/15/42 | 391,998 | ||||||||||||||
375,000 | UnitedHealth Group, Inc | 4.250 | 03/15/43 | 442,092 | ||||||||||||||
1,500,000 | UnitedHealth Group, Inc | 4.750 | 07/15/45 | 1,912,557 | ||||||||||||||
800,000 | UnitedHealth Group, Inc | 4.200 | 01/15/47 | 948,274 | ||||||||||||||
300,000 | UnitedHealth Group, Inc | 4.250 | 04/15/47 | 356,479 | ||||||||||||||
500,000 | UnitedHealth Group, Inc | 3.750 | 10/15/47 | 559,015 | ||||||||||||||
1,700,000 | UnitedHealth Group, Inc | 4.250 | 06/15/48 | 2,013,336 | ||||||||||||||
1,600,000 | UnitedHealth Group, Inc | 4.450 | 12/15/48 | 2,008,544 | ||||||||||||||
1,000,000 | UnitedHealth Group, Inc | 3.700 | 08/15/49 | 1,112,795 | ||||||||||||||
1,250,000 | UnitedHealth Group, Inc | 3.875 | 08/15/59 | 1,361,604 | ||||||||||||||
750,000 | Zimmer Biomet Holdings, Inc | 3.150 | 04/01/22 | 749,918 | ||||||||||||||
250,000 | Zimmer Biomet Holdings, Inc | 3.700 | 03/19/23 | 256,175 | ||||||||||||||
2,575,000 | Zimmer Biomet Holdings, Inc | 3.550 | 04/01/25 | 2,592,315 | ||||||||||||||
225,000 | Zimmer Biomet Holdings, Inc | 3.050 | 01/15/26 | 221,121 | ||||||||||||||
300,000 | Zimmer Biomet Holdings, Inc | 3.550 | 03/20/30 | 299,854 | ||||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 157,065,574 | |||||||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS - 0.1% | ||||||||||||||||||
100,000 | Clorox Co | 3.800 | 11/15/21 | 98,524 | ||||||||||||||
100,000 | Clorox Co | 3.050 | 09/15/22 | 103,370 | ||||||||||||||
200,000 | Clorox Co | 3.500 | 12/15/24 | 216,428 | ||||||||||||||
300,000 | Clorox Co | 3.100 | 10/01/27 | 312,822 | ||||||||||||||
500,000 | Clorox Co | 3.900 | 05/15/28 | 550,664 | ||||||||||||||
200,000 | Colgate-Palmolive Co | 2.300 | 05/03/22 | 203,236 | ||||||||||||||
1,100,000 | Colgate-Palmolive Co | 2.250 | 11/15/22 | 1,095,880 | ||||||||||||||
200,000 | Colgate-Palmolive Co | 1.950 | 02/01/23 | 202,939 | ||||||||||||||
300,000 | Colgate-Palmolive Co | 3.250 | 03/15/24 | 312,339 | ||||||||||||||
60,000 | Colgate-Palmolive Co | 6.450 | 06/16/28 | 74,158 | ||||||||||||||
300,000 | Colgate-Palmolive Co | 4.000 | 08/15/45 | 344,581 | ||||||||||||||
550,000 | Colgate-Palmolive Co | 3.700 | 08/01/47 | 629,617 | ||||||||||||||
486,000 | Ecolab, Inc | 4.350 | 12/08/21 | 500,431 | ||||||||||||||
300,000 | Ecolab, Inc | 2.375 | 08/10/22 | 305,550 | ||||||||||||||
200,000 | Ecolab, Inc | 3.250 | 01/14/23 | 199,635 | ||||||||||||||
750,000 | Ecolab, Inc | 2.700 | 11/01/26 | 764,027 | ||||||||||||||
300,000 | Ecolab, Inc | 3.250 | 12/01/27 | 280,730 | ||||||||||||||
575,000 | Ecolab, Inc | 4.800 | 03/24/30 | 654,597 | ||||||||||||||
14,000 | Ecolab, Inc | 5.500 | 12/08/41 | 16,121 | ||||||||||||||
710,000 | Ecolab, Inc | 3.950 | 12/01/47 | 739,401 | ||||||||||||||
200,000 | Estee Lauder Cos, Inc | 2.350 | 08/15/22 | 201,649 | ||||||||||||||
125,000 | Estee Lauder Cos, Inc | 2.000 | 12/01/24 | 124,520 | ||||||||||||||
450,000 | Estee Lauder Cos, Inc | 3.150 | 03/15/27 | 461,183 | ||||||||||||||
200,000 | Estee Lauder Cos, Inc | 2.375 | 12/01/29 | 194,019 | ||||||||||||||
100,000 | Estee Lauder Cos, Inc | 6.000 | 05/15/37 | 127,115 | ||||||||||||||
300,000 | Estee Lauder Cos, Inc | 4.375 | 06/15/45 | 337,368 | ||||||||||||||
375,000 | Estee Lauder Cos, Inc | 4.150 | 03/15/47 | 404,292 | ||||||||||||||
700,000 | Estee Lauder Cos, Inc | 3.125 | 12/01/49 | 679,852 | ||||||||||||||
125,000 | Kimberly-Clark Corp | 2.400 | 03/01/22 | 125,950 | ||||||||||||||
950,000 | Kimberly-Clark Corp | 3.050 | 08/15/25 | 1,017,142 | ||||||||||||||
412,000 | Kimberly-Clark Corp | 3.950 | 11/01/28 | 471,400 | ||||||||||||||
1,500,000 | Kimberly-Clark Corp | 3.200 | 04/25/29 | 1,611,844 |
48 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 200,000 | Kimberly-Clark Corp | 6.625 | % | 08/01/37 | $ | 292,364 | |||||||||||
725,000 | Kimberly-Clark Corp | 3.200 | 07/30/46 | 674,647 | ||||||||||||||
200,000 | Kimberly-Clark Corp | 3.900 | 05/04/47 | 221,739 | ||||||||||||||
300,000 | Kimberly-Clark Corp | 2.875 | 02/07/50 | 291,181 | ||||||||||||||
500,000 | Procter & Gamble Co | 1.850 | 02/02/21 | 504,326 | ||||||||||||||
800,000 | Procter & Gamble Co | 2.300 | 02/06/22 | 818,099 | ||||||||||||||
2,400,000 | Procter & Gamble Co | 2.150 | 08/11/22 | 2,449,012 | ||||||||||||||
600,000 | Procter & Gamble Co | 3.100 | 08/15/23 | 634,837 | ||||||||||||||
750,000 | Procter & Gamble Co | 2.700 | 02/02/26 | 799,610 | ||||||||||||||
1,750,000 | Procter & Gamble Co | 2.450 | 11/03/26 | 1,847,329 | ||||||||||||||
750,000 | Procter & Gamble Co | 2.850 | 08/11/27 | 819,672 | ||||||||||||||
700,000 | Procter & Gamble Co | 3.500 | 10/25/47 | 755,941 | ||||||||||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 23,470,141 | |||||||||||||||||
INSURANCE - 0.8% | ||||||||||||||||||
250,000 | ACE INA Holdings, Inc | 2.700 | 03/13/23 | 256,642 | ||||||||||||||
700,000 | ACE INA Holdings, Inc | 3.150 | 03/15/25 | 729,896 | ||||||||||||||
2,325,000 | ACE INA Holdings, Inc | 3.350 | 05/03/26 | 2,462,280 | ||||||||||||||
150,000 | ACE INA Holdings, Inc | 4.150 | 03/13/43 | 163,881 | ||||||||||||||
1,600,000 | ACE INA Holdings, Inc | 4.350 | 11/03/45 | 1,939,395 | ||||||||||||||
500,000 | Aegon NV | 5.500 | 04/11/48 | 497,250 | ||||||||||||||
1,175,000 | Aetna, Inc | 2.750 | 11/15/22 | 1,182,056 | ||||||||||||||
1,125,000 | Aetna, Inc | 2.800 | 06/15/23 | 1,131,939 | ||||||||||||||
325,000 | Aetna, Inc | 3.500 | 11/15/24 | 330,553 | ||||||||||||||
440,000 | Aetna, Inc | 6.625 | 06/15/36 | 559,451 | ||||||||||||||
350,000 | Aetna, Inc | 4.500 | 05/15/42 | 373,830 | ||||||||||||||
500,000 | Aetna, Inc | 4.125 | 11/15/42 | 507,189 | ||||||||||||||
1,050,000 | Aetna, Inc | 3.875 | 08/15/47 | 1,074,567 | ||||||||||||||
600,000 | Aflac, Inc | 3.625 | 06/15/23 | 598,856 | ||||||||||||||
525,000 | Aflac, Inc | 3.625 | 11/15/24 | 551,495 | ||||||||||||||
200,000 | Aflac, Inc | 2.875 | 10/15/26 | 197,501 | ||||||||||||||
375,000 | Aflac, Inc | 3.600 | 04/01/30 | 379,615 | ||||||||||||||
200,000 | Aflac, Inc | 4.000 | 10/15/46 | 186,168 | ||||||||||||||
500,000 | Aflac, Inc | 4.750 | 01/15/49 | 552,739 | ||||||||||||||
300,000 | Alleghany Corp | 4.950 | 06/27/22 | 315,523 | ||||||||||||||
200,000 | Alleghany Corp | 4.900 | 09/15/44 | 216,101 | ||||||||||||||
300,000 | Allied World Assurance Co Holdings Ltd | 4.350 | 10/29/25 | 306,340 | ||||||||||||||
1,250,000 | Allstate Corp | 3.150 | 06/15/23 | 1,269,411 | ||||||||||||||
275,000 | Allstate Corp | 3.280 | 12/15/26 | 285,265 | ||||||||||||||
600,000 | Allstate Corp | 4.500 | 06/15/43 | 716,298 | ||||||||||||||
975,000 | Allstate Corp | 4.200 | 12/15/46 | 1,081,563 | ||||||||||||||
250,000 | Allstate Corp | 3.850 | 08/10/49 | 275,252 | ||||||||||||||
200,000 | Allstate Corp | 5.750 | 08/15/53 | 180,000 | ||||||||||||||
300,000 | American Financial Group, Inc | 3.500 | 08/15/26 | 285,565 | ||||||||||||||
325,000 | American Financial Group, Inc | 5.250 | 04/02/30 | 316,152 | ||||||||||||||
400,000 | American Financial Group, Inc | 4.500 | 06/15/47 | 399,032 | ||||||||||||||
300,000 | American International Group, Inc | 3.300 | 03/01/21 | 300,222 | ||||||||||||||
1,925,000 | American International Group, Inc | 4.875 | 06/01/22 | 1,990,147 | ||||||||||||||
600,000 | American International Group, Inc | 4.125 | 02/15/24 | 629,651 | ||||||||||||||
750,000 | American International Group, Inc | 3.750 | 07/10/25 | 750,834 | ||||||||||||||
1,125,000 | American International Group, Inc | 3.900 | 04/01/26 | 1,172,158 | ||||||||||||||
825,000 | American International Group, Inc | 4.200 | 04/01/28 | 865,759 | ||||||||||||||
2,600,000 | American International Group, Inc | 4.250 | 03/15/29 | 2,717,332 |
49 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,675,000 | American International Group, Inc | 3.875 | % | 01/15/35 | $ | 1,641,969 | |||||||||||
300,000 | American International Group, Inc | 4.700 | 07/10/35 | 311,690 | ||||||||||||||
925,000 | American International Group, Inc | 6.250 | 05/01/36 | 1,102,087 | ||||||||||||||
725,000 | American International Group, Inc | 4.500 | 07/16/44 | 741,060 | ||||||||||||||
300,000 | American International Group, Inc | 4.800 | 07/10/45 | 319,104 | ||||||||||||||
1,000,000 | American International Group, Inc | 4.750 | 04/01/48 | 1,056,701 | ||||||||||||||
300,000 | American International Group, Inc | 5.750 | 04/01/48 | 262,560 | ||||||||||||||
200,000 | American International Group, Inc | 4.375 | 01/15/55 | 194,751 | ||||||||||||||
300,000 | Aon Corp | 2.200 | 11/15/22 | 298,530 | ||||||||||||||
200,000 | Aon Corp | 4.500 | 12/15/28 | 222,332 | ||||||||||||||
450,000 | Aon Corp | 3.750 | 05/02/29 | 474,705 | ||||||||||||||
200,000 | Aon Corp | 6.250 | 09/30/40 | 267,434 | ||||||||||||||
200,000 | Aon plc | 2.800 | 03/15/21 | 200,084 | ||||||||||||||
200,000 | Aon plc | 4.000 | 11/27/23 | 210,125 | ||||||||||||||
300,000 | Aon plc | 3.500 | 06/14/24 | 313,295 | ||||||||||||||
2,450,000 | Aon plc | 3.875 | 12/15/25 | 2,595,084 | ||||||||||||||
550,000 | Aon plc | 4.750 | 05/15/45 | 656,119 | ||||||||||||||
1,050,000 | Arch Capital Group Ltd | 4.011 | 12/15/26 | 1,060,919 | ||||||||||||||
200,000 | Arch Capital Group Ltd | 5.031 | 12/15/46 | 233,199 | ||||||||||||||
300,000 | Arch Capital Group US, Inc | 5.144 | 11/01/43 | 369,884 | ||||||||||||||
200,000 | Aspen Insurance Holdings Ltd | 4.650 | 11/15/23 | 194,771 | ||||||||||||||
100,000 | Assurant, Inc | 4.000 | 03/15/23 | 103,166 | ||||||||||||||
300,000 | Assurant, Inc | 4.200 | 09/27/23 | 318,686 | ||||||||||||||
300,000 | Assurant, Inc | 4.900 | 03/27/28 | 339,516 | ||||||||||||||
500,000 | Assurant, Inc | 3.700 | 02/22/30 | 488,580 | ||||||||||||||
7,000 | Assurant, Inc | 6.750 | 02/15/34 | 9,317 | ||||||||||||||
200,000 | Assured Guaranty US Holdings, Inc | 5.000 | 07/01/24 | 190,993 | ||||||||||||||
675,000 | Athene Holding Ltd | 4.125 | 01/12/28 | 609,998 | ||||||||||||||
500,000 | Athene Holding Ltd | 6.150 | 04/03/30 | 499,040 | ||||||||||||||
770,000 | AXA S.A. | 8.600 | 12/15/30 | 1,024,177 | ||||||||||||||
50,000 | AXIS Specialty Finance LLC | 5.875 | 06/01/20 | 50,354 | ||||||||||||||
300,000 | AXIS Specialty Finance LLC | 3.900 | 07/15/29 | 310,846 | ||||||||||||||
250,000 | AXIS Specialty Finance LLC | 4.900 | 01/15/40 | 211,250 | ||||||||||||||
200,000 | AXIS Specialty Finance plc | 4.000 | 12/06/27 | 209,810 | ||||||||||||||
275,000 | Berkshire Hathaway Finance Corp | 3.000 | 05/15/22 | 287,102 | ||||||||||||||
100,000 | Berkshire Hathaway Finance Corp | 1.850 | 03/12/30 | 97,200 | ||||||||||||||
300,000 | Berkshire Hathaway Finance Corp | 4.400 | 05/15/42 | 364,049 | ||||||||||||||
2,175,000 | Berkshire Hathaway Finance Corp | 4.200 | 08/15/48 | 2,557,216 | ||||||||||||||
1,725,000 | Berkshire Hathaway Finance Corp | 4.250 | 01/15/49 | 2,124,357 | ||||||||||||||
1,475,000 | Brighthouse Financial, Inc | 3.700 | 06/22/27 | 1,279,883 | ||||||||||||||
725,000 | Brighthouse Financial, Inc | 4.700 | 06/22/47 | 581,347 | ||||||||||||||
500,000 | Brown & Brown, Inc | 4.500 | 03/15/29 | 538,851 | ||||||||||||||
450,000 | Chubb Corp | 6.000 | 05/11/37 | 618,168 | ||||||||||||||
1,225,000 | Chubb INA Holdings, Inc | 2.875 | 11/03/22 | 1,243,145 | ||||||||||||||
200,000 | Cincinnati Financial Corp | 6.920 | 05/15/28 | 271,703 | ||||||||||||||
500,000 | CNA Financial Corp | 5.750 | 08/15/21 | 512,338 | ||||||||||||||
690,000 | CNA Financial Corp | 3.950 | 05/15/24 | 716,797 | ||||||||||||||
200,000 | CNA Financial Corp | 4.500 | 03/01/26 | 208,504 | ||||||||||||||
225,000 | CNA Financial Corp | 3.450 | 08/15/27 | 208,400 | ||||||||||||||
100,000 | CNA Financial Corp | 3.900 | 05/01/29 | 99,764 | ||||||||||||||
200,000 | Enstar Group Ltd | 4.500 | 03/10/22 | 199,442 | ||||||||||||||
500,000 | Enstar Group Ltd | 4.950 | 06/01/29 | 471,378 | ||||||||||||||
300,000 | Everest Reinsurance Holdings, Inc | 4.868 | 06/01/44 | 327,797 | ||||||||||||||
400,000 | Fairfax Financial Holdings Ltd | 4.850 | 04/17/28 | 431,545 |
50 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 250,000 | Fidelity National Financial, Inc | 5.500 | % | 09/01/22 | $ | 274,355 | |||||||||||
300,000 | Fidelity National Financial, Inc | 4.500 | 08/15/28 | 344,391 | ||||||||||||||
200,000 | Hanover Insurance Group, Inc | 4.500 | 04/15/26 | 208,928 | ||||||||||||||
750,000 | Hartford Financial Services Group, Inc | 2.800 | 08/19/29 | 730,114 | ||||||||||||||
400,000 | Hartford Financial Services Group, Inc | 4.300 | 04/15/43 | 415,177 | ||||||||||||||
450,000 | Hartford Financial Services Group, Inc | 4.400 | 03/15/48 | 474,523 | ||||||||||||||
450,000 | Hartford Financial Services Group, Inc | 3.600 | 08/19/49 | 422,214 | ||||||||||||||
250,000 | Humana, Inc | 2.500 | 12/15/20 | 248,882 | ||||||||||||||
100,000 | Humana, Inc | 3.150 | 12/01/22 | 99,765 | ||||||||||||||
400,000 | Humana, Inc | 2.900 | 12/15/22 | 397,931 | ||||||||||||||
300,000 | Humana, Inc | 3.850 | 10/01/24 | 305,134 | ||||||||||||||
600,000 | Humana, Inc | 3.950 | 03/15/27 | 610,364 | ||||||||||||||
175,000 | Humana, Inc | 3.125 | 08/15/29 | 165,418 | ||||||||||||||
200,000 | Humana, Inc | 4.625 | 12/01/42 | 219,760 | ||||||||||||||
300,000 | Humana, Inc | 4.950 | 10/01/44 | 340,938 | ||||||||||||||
600,000 | Humana, Inc | 4.800 | 03/15/47 | 671,362 | ||||||||||||||
500,000 | Humana, Inc | 3.950 | 08/15/49 | 493,766 | ||||||||||||||
200,000 | Kemper Corp | 4.350 | 02/15/25 | 204,871 | ||||||||||||||
400,000 | Leucadia National Corp | 5.500 | 10/18/23 | 403,654 | ||||||||||||||
400,000 | Lincoln National Corp | 4.200 | 03/15/22 | 406,144 | ||||||||||||||
625,000 | Lincoln National Corp | 4.000 | 09/01/23 | 625,111 | ||||||||||||||
175,000 | Lincoln National Corp | 3.350 | 03/09/25 | 175,042 | ||||||||||||||
600,000 | Lincoln National Corp | 3.625 | 12/12/26 | 626,721 | ||||||||||||||
1,175,000 | Lincoln National Corp | 3.800 | 03/01/28 | 1,169,943 | ||||||||||||||
650,000 | Lincoln National Corp | 3.050 | 01/15/30 | 604,137 | ||||||||||||||
150,000 | Lincoln National Corp | 7.000 | 06/15/40 | 165,443 | ||||||||||||||
250,000 | Lincoln National Corp | 4.350 | 03/01/48 | 228,772 | ||||||||||||||
200,000 | Loews Corp | 2.625 | 05/15/23 | 199,860 | ||||||||||||||
800,000 | Loews Corp | 3.750 | 04/01/26 | 830,368 | ||||||||||||||
200,000 | Loews Corp | 4.125 | 05/15/43 | 194,749 | ||||||||||||||
700,000 | Manulife Financial Corp | 4.150 | 03/04/26 | 717,674 | ||||||||||||||
1,300,000 | Manulife Financial Corp | 4.061 | 02/24/32 | 1,253,694 | ||||||||||||||
200,000 | Manulife Financial Corp | 5.375 | 03/04/46 | 239,170 | ||||||||||||||
150,000 | Markel Corp | 4.900 | 07/01/22 | 150,660 | ||||||||||||||
600,000 | Markel Corp | 3.500 | 11/01/27 | 547,240 | ||||||||||||||
200,000 | Markel Corp | 3.350 | 09/17/29 | 188,817 | ||||||||||||||
150,000 | Markel Corp | 5.000 | 04/05/46 | 166,789 | ||||||||||||||
100,000 | Markel Corp | 4.300 | 11/01/47 | 93,214 | ||||||||||||||
750,000 | Markel Corp | 5.000 | 05/20/49 | 814,509 | ||||||||||||||
200,000 | Markel Corp | 4.150 | 09/17/50 | 180,861 | ||||||||||||||
100,000 | Marsh & McLennan Cos, Inc | 3.500 | 12/29/20 | 100,741 | ||||||||||||||
725,000 | Marsh & McLennan Cos, Inc | 3.875 | 03/15/24 | 759,293 | ||||||||||||||
2,300,000 | Marsh & McLennan Cos, Inc | 3.500 | 03/10/25 | 2,383,705 | ||||||||||||||
1,700,000 | Marsh & McLennan Cos, Inc | 4.375 | 03/15/29 | 1,888,414 | ||||||||||||||
250,000 | Marsh & McLennan Cos, Inc | 4.750 | 03/15/39 | 294,524 | ||||||||||||||
100,000 | Marsh & McLennan Cos, Inc | 4.350 | 01/30/47 | 103,913 | ||||||||||||||
300,000 | Marsh & McLennan Cos, Inc | 4.200 | 03/01/48 | 332,629 | ||||||||||||||
1,200,000 | Marsh & McLennan Cos, Inc | 4.900 | 03/15/49 | 1,534,513 | ||||||||||||||
200,000 | Mercury General Corp | 4.400 | 03/15/27 | 216,895 | ||||||||||||||
700,000 | MetLife, Inc | 3.048 | 12/15/22 | 711,562 | ||||||||||||||
525,000 | MetLife, Inc | 4.368 | 09/15/23 | 553,080 | ||||||||||||||
700,000 | MetLife, Inc | 3.600 | 04/10/24 | 737,020 | ||||||||||||||
700,000 | MetLife, Inc | 3.600 | 11/13/25 | 732,080 |
51 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 675,000 | MetLife, Inc | 6.375 | % | 06/15/34 | $ | 876,790 | |||||||||||
1,530,000 | MetLife, Inc | 5.700 | 06/15/35 | 1,752,116 | ||||||||||||||
130,000 | MetLife, Inc | 5.875 | 02/06/41 | 166,152 | ||||||||||||||
450,000 | MetLife, Inc | 4.125 | 08/13/42 | 473,697 | ||||||||||||||
750,000 | MetLife, Inc | 4.875 | 11/13/43 | 862,956 | ||||||||||||||
500,000 | MetLife, Inc | 4.721 | 12/15/44 | 559,298 | ||||||||||||||
800,000 | MetLife, Inc | 4.050 | 03/01/45 | 837,526 | ||||||||||||||
1,650,000 | MetLife, Inc | 4.600 | 05/13/46 | 1,818,254 | ||||||||||||||
200,000 | Montpelier Re Holdings Ltd | 4.700 | 10/15/22 | 209,014 | ||||||||||||||
20,000 | Nationwide Financial Services | 6.750 | 05/15/37 | 21,100 | ||||||||||||||
200,000 | Old Republic International Corp | 4.875 | 10/01/24 | 211,244 | ||||||||||||||
100,000 | Old Republic International Corp | 3.875 | 08/26/26 | 102,653 | ||||||||||||||
500,000 | PartnerRe Finance B LLC | 3.700 | 07/02/29 | 563,151 | ||||||||||||||
100,000 | Primerica, Inc | 4.750 | 07/15/22 | 103,293 | ||||||||||||||
100,000 | Principal Financial Group, Inc | 3.300 | 09/15/22 | 100,050 | ||||||||||||||
150,000 | Principal Financial Group, Inc | 3.125 | 05/15/23 | 148,802 | ||||||||||||||
200,000 | Principal Financial Group, Inc | 3.400 | 05/15/25 | 201,044 | ||||||||||||||
850,000 | Principal Financial Group, Inc | 3.100 | 11/15/26 | 863,179 | ||||||||||||||
100,000 | Principal Financial Group, Inc | 3.700 | 05/15/29 | 103,291 | ||||||||||||||
100,000 | Principal Financial Group, Inc | 4.625 | 09/15/42 | 102,131 | ||||||||||||||
200,000 | Principal Financial Group, Inc | 4.350 | 05/15/43 | 222,216 | ||||||||||||||
300,000 | Principal Financial Group, Inc | 4.300 | 11/15/46 | 297,394 | ||||||||||||||
200,000 | Principal Financial Group, Inc | 4.700 | 05/15/55 | 176,000 | ||||||||||||||
650,000 | Progressive Corp | 2.450 | 01/15/27 | 650,343 | ||||||||||||||
250,000 | Progressive Corp | 4.000 | 03/01/29 | 275,339 | ||||||||||||||
100,000 | Progressive Corp | 3.200 | 03/26/30 | 108,638 | ||||||||||||||
120,000 | Progressive Corp | 6.250 | 12/01/32 | 161,877 | ||||||||||||||
300,000 | Progressive Corp | 4.350 | 04/25/44 | 335,742 | ||||||||||||||
300,000 | Progressive Corp | 3.700 | 01/26/45 | 304,629 | ||||||||||||||
950,000 | Progressive Corp | 4.125 | 04/15/47 | 1,116,781 | ||||||||||||||
750,000 | Progressive Corp | 4.200 | 03/15/48 | 844,744 | ||||||||||||||
100,000 | Progressive Corp | 3.950 | 03/26/50 | 115,405 | ||||||||||||||
891,000 | Prudential Financial, Inc | 4.500 | 11/16/21 | 898,668 | ||||||||||||||
200,000 | Prudential Financial, Inc | 1.500 | 03/10/26 | 187,713 | ||||||||||||||
300,000 | Prudential Financial, Inc | 3.878 | 03/27/28 | 311,899 | ||||||||||||||
500,000 | Prudential Financial, Inc | 2.100 | 03/10/30 | 459,657 | ||||||||||||||
450,000 | Prudential Financial, Inc | 5.700 | 12/14/36 | 525,356 | ||||||||||||||
500,000 | Prudential Financial, Inc | 3.000 | 03/10/40 | 453,933 | ||||||||||||||
600,000 | Prudential Financial, Inc | 5.200 | 03/15/44 | 525,906 | ||||||||||||||
1,700,000 | Prudential Financial, Inc | 4.600 | 05/15/44 | 1,780,172 | ||||||||||||||
200,000 | Prudential Financial, Inc | 5.375 | 05/15/45 | 190,940 | ||||||||||||||
2,300,000 | Prudential Financial, Inc | 4.500 | 09/15/47 | 1,794,000 | ||||||||||||||
300,000 | Prudential Financial, Inc | 4.418 | 03/27/48 | 308,865 | ||||||||||||||
2,400,000 | Prudential Financial, Inc | 5.700 | 09/15/48 | 2,220,000 | ||||||||||||||
799,000 | Prudential Financial, Inc | 3.935 | 12/07/49 | 784,398 | ||||||||||||||
450,000 | Prudential Financial, Inc | 4.350 | 02/25/50 | 462,395 | ||||||||||||||
1,000,000 | Prudential Financial, Inc | 3.700 | 03/13/51 | 937,095 | ||||||||||||||
100,000 | Reinsurance Group of America, Inc | 5.000 | 06/01/21 | 103,706 | ||||||||||||||
250,000 | Reinsurance Group of America, Inc | 4.700 | 09/15/23 | 275,216 | ||||||||||||||
750,000 | Reinsurance Group of America, Inc | 3.900 | 05/15/29 | 732,271 | ||||||||||||||
200,000 | RenaissanceRe Finance, Inc | 3.700 | 04/01/25 | 214,654 | ||||||||||||||
200,000 | RenaissanceRe Finance, Inc | 3.450 | 07/01/27 | 208,598 | ||||||||||||||
300,000 | RenaissanceRe Holdings Ltd | 3.600 | 04/15/29 | 294,739 | ||||||||||||||
250,000 | Torchmark Corp | 3.800 | 09/15/22 | 265,339 |
52 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 350,000 | Torchmark Corp | 4.550 | % | 09/15/28 | $ | 362,532 | |||||||||||
20,000 | Transatlantic Holdings, Inc | 8.000 | 11/30/39 | 29,621 | ||||||||||||||
600,000 | Travelers Cos, Inc | 5.350 | 11/01/40 | 793,574 | ||||||||||||||
200,000 | Travelers Cos, Inc | 4.600 | 08/01/43 | 240,053 | ||||||||||||||
250,000 | Travelers Cos, Inc | 4.300 | 08/25/45 | 297,190 | ||||||||||||||
400,000 | Travelers Cos, Inc | 3.750 | 05/15/46 | 442,973 | ||||||||||||||
1,100,000 | Travelers Cos, Inc | 4.000 | 05/30/47 | 1,239,667 | ||||||||||||||
500,000 | Travelers Cos, Inc | 4.050 | 03/07/48 | 571,143 | ||||||||||||||
900,000 | Travelers Cos, Inc | 4.100 | 03/04/49 | 1,058,791 | ||||||||||||||
100,000 | Travelers Property Casualty Corp | 6.375 | 03/15/33 | 135,686 | ||||||||||||||
110,000 | Unum Group | 5.625 | 09/15/20 | 110,246 | ||||||||||||||
200,000 | Unum Group | 4.000 | 03/15/24 | 197,606 | ||||||||||||||
500,000 | Unum Group | 4.000 | 06/15/29 | 480,152 | ||||||||||||||
300,000 | Unum Group | 5.750 | 08/15/42 | 292,060 | ||||||||||||||
500,000 | Unum Group | 4.500 | 12/15/49 | 387,832 | ||||||||||||||
200,000 | Verisk Analytics, Inc | 5.800 | 05/01/21 | 202,236 | ||||||||||||||
500,000 | Verisk Analytics, Inc | 4.000 | 06/15/25 | 533,795 | ||||||||||||||
850,000 | Verisk Analytics, Inc | 4.125 | 03/15/29 | 897,275 | ||||||||||||||
300,000 | Verisk Analytics, Inc | 5.500 | 06/15/45 | 381,506 | ||||||||||||||
200,000 | Voya Financial, Inc | 3.125 | 07/15/24 | 201,763 | ||||||||||||||
550,000 | Voya Financial, Inc | 3.650 | 06/15/26 | 550,946 | ||||||||||||||
200,000 | Voya Financial, Inc | 5.700 | 07/15/43 | 232,511 | ||||||||||||||
200,000 | Voya Financial, Inc | 4.800 | 06/15/46 | 211,231 | ||||||||||||||
200,000 | Willis Group Holdings plc | 5.750 | 03/15/21 | 204,943 | ||||||||||||||
425,000 | Willis North America, Inc | 3.600 | 05/15/24 | 438,643 | ||||||||||||||
500,000 | Willis North America, Inc | 4.500 | 09/15/28 | 548,932 | ||||||||||||||
750,000 | Willis North America, Inc | 2.950 | 09/15/29 | 712,917 | ||||||||||||||
300,000 | Willis North America, Inc | 5.050 | 09/15/48 | 369,647 | ||||||||||||||
500,000 | Willis North America, Inc | 3.875 | 09/15/49 | 514,921 | ||||||||||||||
165,000 | WR Berkley Corp | 5.375 | 09/15/20 | 165,290 | ||||||||||||||
250,000 | WR Berkley Corp | 4.625 | 03/15/22 | 214,747 | ||||||||||||||
200,000 | WR Berkley Corp | 4.750 | 08/01/44 | 233,305 | ||||||||||||||
455,000 | XLIT Ltd | 4.450 | 03/31/25 | 469,977 | ||||||||||||||
200,000 | XLIT Ltd | 5.250 | 12/15/43 | 226,280 | ||||||||||||||
300,000 | XLIT Ltd | 5.500 | 03/31/45 | 347,465 | ||||||||||||||
TOTAL INSURANCE | 127,855,689 | |||||||||||||||||
MATERIALS - 0.7% | ||||||||||||||||||
500,000 | 3M Co | 3.000 | 09/14/21 | 511,597 | ||||||||||||||
625,000 | 3M Co | 2.750 | 03/01/22 | 629,239 | ||||||||||||||
500,000 | 3M Co | 1.750 | 02/14/23 | 501,766 | ||||||||||||||
300,000 | 3M Co | 2.250 | 03/15/23 | 312,015 | ||||||||||||||
600,000 | 3M Co | 3.250 | 02/14/24 | 635,140 | ||||||||||||||
1,000,000 | 3M Co | 2.000 | 02/14/25 | 1,029,155 | ||||||||||||||
1,200,000 | 3M Co | 3.000 | 08/07/25 | 1,259,962 | ||||||||||||||
675,000 | 3M Co | 2.875 | 10/15/27 | 717,799 | ||||||||||||||
925,000 | 3M Co | 3.625 | 09/14/28 | 1,012,039 | ||||||||||||||
500,000 | 3M Co | 3.375 | 03/01/29 | 535,005 | ||||||||||||||
1,000,000 | 3M Co | 2.375 | 08/26/29 | 1,004,743 | ||||||||||||||
200,000 | 3M Co | 3.125 | 09/19/46 | 181,744 | ||||||||||||||
300,000 | 3M Co | 3.625 | 10/15/47 | 301,638 | ||||||||||||||
1,150,000 | 3M Co | 4.000 | 09/14/48 | 1,328,466 | ||||||||||||||
875,000 | 3M Co | 3.250 | 08/26/49 | 885,990 |
53 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 150,000 | Air Products & Chemicals, Inc | 3.000 | % | 11/03/21 | $ | 151,759 | |||||||||||
150,000 | Air Products & Chemicals, Inc | 2.750 | 02/03/23 | 151,893 | ||||||||||||||
300,000 | Air Products & Chemicals, Inc | 3.350 | 07/31/24 | 311,818 | ||||||||||||||
200,000 | Airgas, Inc | 3.650 | 07/15/24 | 218,646 | ||||||||||||||
200,000 | Albemarle Corp | 4.150 | 12/01/24 | 206,378 | ||||||||||||||
750,000 | g | Albemarle Wodgina Pty Ltd | 3.450 | 11/15/29 | 736,036 | |||||||||||||
750,000 | ArcelorMittal | 3.600 | 07/16/24 | 683,713 | ||||||||||||||
2,000,000 | ArcelorMittal | 6.125 | 06/01/25 | 1,980,155 | ||||||||||||||
1,000,000 | ArcelorMittal | 4.550 | 03/11/26 | 897,536 | ||||||||||||||
500,000 | ArcelorMittal | 4.250 | 07/16/29 | 447,513 | ||||||||||||||
300,000 | Avery Dennison Corp | 4.875 | 12/06/28 | 342,897 | ||||||||||||||
500,000 | Avery Dennison Corp | 2.650 | 04/30/30 | 465,368 | ||||||||||||||
100,000 | Barrick Australian Finance Pty Ltd | 5.950 | 10/15/39 | 123,239 | ||||||||||||||
2,250,000 | Barrick Gold Corp | 5.250 | 04/01/42 | 2,657,356 | ||||||||||||||
500,000 | Barrick North America Finance LLC | 5.750 | 05/01/43 | 641,116 | ||||||||||||||
100,000 | g | Bemis Co, Inc | 3.100 | 09/15/26 | 94,754 | |||||||||||||
2,000,000 | BHP Billiton Finance USA Ltd | 2.875 | 02/24/22 | 1,922,078 | ||||||||||||||
825,000 | BHP Billiton Finance USA Ltd | 4.125 | 02/24/42 | 986,576 | ||||||||||||||
1,925,000 | BHP Billiton Finance USA Ltd | 5.000 | 09/30/43 | 2,529,343 | ||||||||||||||
600,000 | Braskem Finance Ltd | 6.450 | 02/03/24 | 585,000 | ||||||||||||||
200,000 | Cabot Corp | 3.700 | 07/15/22 | 202,955 | ||||||||||||||
500,000 | Cabot Corp | 4.000 | 07/01/29 | 549,534 | ||||||||||||||
400,000 | Celulosa Arauco y Constitucion S.A. | 4.500 | 08/01/24 | 376,000 | ||||||||||||||
375,000 | Celulosa Arauco y Constitucion S.A. | 3.875 | 11/02/27 | 324,000 | ||||||||||||||
200,000 | Celulosa Arauco y Constitucion S.A. | 5.500 | 11/02/47 | 156,000 | ||||||||||||||
100,000 | Church & Dwight Co, Inc | 2.450 | 08/01/22 | 98,628 | ||||||||||||||
250,000 | Church & Dwight Co, Inc | 2.875 | 10/01/22 | 245,988 | ||||||||||||||
500,000 | Church & Dwight Co, Inc | 3.150 | 08/01/27 | 503,561 | ||||||||||||||
100,000 | Church & Dwight Co, Inc | 3.950 | 08/01/47 | 90,589 | ||||||||||||||
200,000 | Domtar Corp | 4.400 | 04/01/22 | 204,642 | ||||||||||||||
500,000 | Dow Chemical Co | 3.150 | 05/15/24 | 492,462 | ||||||||||||||
1,525,000 | Dow Chemical Co | 3.500 | 10/01/24 | 1,508,131 | ||||||||||||||
200,000 | Dow Chemical Co | 4.550 | 11/30/25 | 212,215 | ||||||||||||||
750,000 | Dow Chemical Co | 3.625 | 05/15/26 | 734,009 | ||||||||||||||
300,000 | Dow Chemical Co | 4.800 | 11/30/28 | 323,650 | ||||||||||||||
175,000 | Dow Chemical Co | 7.375 | 11/01/29 | 221,948 | ||||||||||||||
1,400,000 | Dow Chemical Co | 4.250 | 10/01/34 | 1,378,133 | ||||||||||||||
225,000 | Dow Chemical Co | 9.400 | 05/15/39 | 338,661 | ||||||||||||||
275,000 | Dow Chemical Co | 5.250 | 11/15/41 | 278,316 | ||||||||||||||
1,200,000 | Dow Chemical Co | 4.375 | 11/15/42 | 1,170,935 | ||||||||||||||
400,000 | Dow Chemical Co | 4.625 | 10/01/44 | 370,095 | ||||||||||||||
825,000 | Dow Chemical Co | 5.550 | 11/30/48 | 927,517 | ||||||||||||||
750,000 | Dow Chemical Co | 4.800 | 05/15/49 | 775,268 | ||||||||||||||
1,550,000 | DowDuPont, Inc | 4.205 | 11/15/23 | 1,626,367 | ||||||||||||||
1,600,000 | DowDuPont, Inc | 4.493 | 11/15/25 | 1,720,738 | ||||||||||||||
2,300,000 | DowDuPont, Inc | 4.725 | 11/15/28 | 2,522,861 | ||||||||||||||
150,000 | DowDuPont, Inc | 5.319 | 11/15/38 | 168,647 | ||||||||||||||
2,325,000 | DowDuPont, Inc | 5.419 | 11/15/48 | 2,561,256 | ||||||||||||||
100,000 | Eastman Chemical Co | 3.500 | 12/01/21 | 102,955 | ||||||||||||||
272,000 | Eastman Chemical Co | 3.600 | 08/15/22 | 275,721 | ||||||||||||||
727,000 | Eastman Chemical Co | 3.800 | 03/15/25 | 735,604 | ||||||||||||||
700,000 | Eastman Chemical Co | 4.500 | 12/01/28 | 738,487 | ||||||||||||||
150,000 | Eastman Chemical Co | 4.800 | 09/01/42 | 172,297 | ||||||||||||||
525,000 | Eastman Chemical Co | 4.650 | 10/15/44 | 564,149 |
54 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 500,000 | Fibria Overseas Finance Ltd | 4.000 | % | 01/14/25 | $ | 462,500 | |||||||||||
700,000 | Fibria Overseas Finance Ltd | 5.500 | 01/17/27 | 673,540 | ||||||||||||||
100,000 | FMC Corp | 3.950 | 02/01/22 | 104,452 | ||||||||||||||
200,000 | FMC Corp | 4.100 | 02/01/24 | 208,348 | ||||||||||||||
500,000 | FMC Corp | 3.200 | 10/01/26 | 503,342 | ||||||||||||||
500,000 | FMC Corp | 3.450 | 10/01/29 | 500,349 | ||||||||||||||
500,000 | FMC Corp | 4.500 | 10/01/49 | 483,322 | ||||||||||||||
300,000 | Georgia-Pacific LLC | 8.000 | 01/15/24 | 363,773 | ||||||||||||||
750,000 | Georgia-Pacific LLC | 7.750 | 11/15/29 | 1,070,419 | ||||||||||||||
100,000 | Hexcel Corp | 3.950 | 02/15/27 | 99,153 | ||||||||||||||
100,000 | Hubbell, Inc | 3.625 | 11/15/22 | 99,007 | ||||||||||||||
200,000 | Hubbell, Inc | 3.350 | 03/01/26 | 212,214 | ||||||||||||||
500,000 | Hubbell, Inc | 3.150 | 08/15/27 | 528,260 | ||||||||||||||
200,000 | Hubbell, Inc | 3.500 | 02/15/28 | 217,180 | ||||||||||||||
600,000 | Huntsman International LLC | 4.500 | 05/01/29 | 511,521 | ||||||||||||||
100,000 | International Flavors & Fragrances, Inc | 3.400 | 09/25/20 | 100,449 | ||||||||||||||
300,000 | International Flavors & Fragrances, Inc | 3.200 | 05/01/23 | 314,724 | ||||||||||||||
100,000 | International Flavors & Fragrances, Inc | 4.450 | 09/26/28 | 117,218 | ||||||||||||||
200,000 | International Flavors & Fragrances, Inc | 4.375 | 06/01/47 | 189,244 | ||||||||||||||
675,000 | International Flavors & Fragrances, Inc | 5.000 | 09/26/48 | 689,397 | ||||||||||||||
1,175,000 | International Paper Co | 3.650 | 06/15/24 | 1,184,732 | ||||||||||||||
1,875,000 | International Paper Co | 3.000 | 02/15/27 | 1,928,361 | ||||||||||||||
450,000 | International Paper Co | 6.000 | 11/15/41 | 579,136 | ||||||||||||||
525,000 | International Paper Co | 4.800 | 06/15/44 | 520,867 | ||||||||||||||
300,000 | International Paper Co | 4.400 | 08/15/47 | 301,533 | ||||||||||||||
2,425,000 | International Paper Co | 4.350 | 08/15/48 | 2,348,053 | ||||||||||||||
1,000,000 | Kinross Gold Corp | 4.500 | 07/15/27 | 941,210 | ||||||||||||||
150,000 | Lubrizol Corp | 6.500 | 10/01/34 | 229,418 | ||||||||||||||
300,000 | LYB International Finance BV | 4.000 | 07/15/23 | 306,360 | ||||||||||||||
1,000,000 | LYB International Finance BV | 3.500 | 03/02/27 | 977,800 | ||||||||||||||
575,000 | LYB International Finance BV | 5.250 | 07/15/43 | 586,880 | ||||||||||||||
550,000 | LYB International Finance BV | 4.875 | 03/15/44 | 593,878 | ||||||||||||||
1,000,000 | LYB International Finance III LLC | 4.200 | 10/15/49 | 981,220 | ||||||||||||||
300,000 | LyondellBasell Industries NV | 6.000 | 11/15/21 | 310,704 | ||||||||||||||
1,300,000 | LyondellBasell Industries NV | 5.750 | 04/15/24 | 1,470,318 | ||||||||||||||
475,000 | LyondellBasell Industries NV | 4.625 | 02/26/55 | 441,409 | ||||||||||||||
200,000 | Martin Marietta Materials, Inc | 4.250 | 07/02/24 | 207,255 | ||||||||||||||
200,000 | Martin Marietta Materials, Inc | 3.450 | 06/01/27 | 204,828 | ||||||||||||||
325,000 | Martin Marietta Materials, Inc | 3.500 | 12/15/27 | 321,148 | ||||||||||||||
250,000 | Martin Marietta Materials, Inc | 2.500 | 03/15/30 | 227,604 | ||||||||||||||
450,000 | Martin Marietta Materials, Inc | 4.250 | 12/15/47 | 397,779 | ||||||||||||||
150,000 | Methanex Corp | 4.250 | 12/01/24 | 115,376 | ||||||||||||||
750,000 | Methanex Corp | 5.250 | 12/15/29 | 562,127 | ||||||||||||||
100,000 | Methanex Corp | 5.650 | 12/01/44 | 60,548 | ||||||||||||||
100,000 | NewMarket Corp | 4.100 | 12/15/22 | 107,598 | ||||||||||||||
250,000 | Newmont Corp | 2.250 | 10/01/30 | 230,228 | ||||||||||||||
33,000 | Newmont Goldcorp Corp | 3.700 | 03/15/23 | 33,154 | ||||||||||||||
1,300,000 | Newmont Goldcorp Corp | 2.800 | 10/01/29 | 1,238,649 | ||||||||||||||
298,000 | Newmont Goldcorp Corp | 5.875 | 04/01/35 | 430,491 | ||||||||||||||
235,000 | Newmont Goldcorp Corp | 6.250 | 10/01/39 | 301,294 | ||||||||||||||
975,000 | Newmont Goldcorp Corp | 4.875 | 03/15/42 | 1,156,928 | ||||||||||||||
300,000 | Newmont Goldcorp Corp | 5.450 | 06/09/44 | 384,536 | ||||||||||||||
800,000 | Nucor Corp | 4.125 | 09/15/22 | 801,502 |
55 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 425,000 | Nucor Corp | 3.950 | % | 05/01/28 | $ | 418,694 | |||||||||||
300,000 | Nucor Corp | 5.200 | 08/01/43 | 346,056 | ||||||||||||||
700,000 | Nucor Corp | 4.400 | 05/01/48 | 775,590 | ||||||||||||||
150,000 | Nutrien Ltd | 3.150 | 10/01/22 | 150,065 | ||||||||||||||
200,000 | Nutrien Ltd | 3.500 | 06/01/23 | 204,419 | ||||||||||||||
625,000 | Nutrien Ltd | 3.625 | 03/15/24 | 629,938 | ||||||||||||||
425,000 | Nutrien Ltd | 3.375 | 03/15/25 | 432,793 | ||||||||||||||
200,000 | Nutrien Ltd | 3.000 | 04/01/25 | 191,111 | ||||||||||||||
700,000 | Nutrien Ltd | 4.000 | 12/15/26 | 687,253 | ||||||||||||||
550,000 | Nutrien Ltd | 4.200 | 04/01/29 | 582,531 | ||||||||||||||
200,000 | Nutrien Ltd | 4.125 | 03/15/35 | 193,491 | ||||||||||||||
200,000 | Nutrien Ltd | �� | 5.625 | 12/01/40 | 235,466 | |||||||||||||
100,000 | Nutrien Ltd | 6.125 | 01/15/41 | 123,358 | ||||||||||||||
200,000 | Nutrien Ltd | 4.900 | 06/01/43 | 204,539 | ||||||||||||||
725,000 | Nutrien Ltd | 5.250 | 01/15/45 | 797,994 | ||||||||||||||
1,050,000 | Nutrien Ltd | 5.000 | 04/01/49 | 1,267,547 | ||||||||||||||
500,000 | Owens Corning | 4.200 | 12/01/24 | 510,814 | ||||||||||||||
300,000 | Owens Corning | 3.400 | 08/15/26 | 279,743 | ||||||||||||||
500,000 | Owens Corning | 3.950 | 08/15/29 | 472,500 | ||||||||||||||
525,000 | Owens Corning | 4.300 | 07/15/47 | 448,655 | ||||||||||||||
350,000 | Owens Corning | 4.400 | 01/30/48 | 298,758 | ||||||||||||||
250,000 | Packaging Corp of America | 4.500 | 11/01/23 | 270,781 | ||||||||||||||
100,000 | Packaging Corp of America | 3.650 | 09/15/24 | 107,373 | ||||||||||||||
550,000 | Packaging Corp of America | 3.400 | 12/15/27 | 551,927 | ||||||||||||||
100,000 | Packaging Corp of America | 3.000 | 12/15/29 | 99,932 | ||||||||||||||
500,000 | Packaging Corp of America | 4.050 | 12/15/49 | 496,007 | ||||||||||||||
300,000 | PPG Industries, Inc | 3.600 | 11/15/20 | 298,244 | ||||||||||||||
300,000 | PPG Industries, Inc | 3.200 | 03/15/23 | 307,689 | ||||||||||||||
500,000 | PPG Industries, Inc | 2.400 | 08/15/24 | 498,560 | ||||||||||||||
425,000 | PPG Industries, Inc | 3.750 | 03/15/28 | 469,503 | ||||||||||||||
500,000 | PPG Industries, Inc | 2.800 | 08/15/29 | 496,483 | ||||||||||||||
250,000 | Praxair, Inc | 2.200 | 08/15/22 | 251,134 | ||||||||||||||
300,000 | Praxair, Inc | 2.650 | 02/05/25 | 308,866 | ||||||||||||||
3,500,000 | Praxair, Inc | 3.200 | 01/30/26 | 3,704,739 | ||||||||||||||
625,000 | Praxair, Inc | 3.550 | 11/07/42 | 600,954 | ||||||||||||||
414,000 | Rio Tinto Alcan, Inc | 6.125 | 12/15/33 | 545,814 | ||||||||||||||
3,250,000 | Rio Tinto Finance USA Ltd | 3.750 | 06/15/25 | 3,414,240 | ||||||||||||||
350,000 | Rio Tinto Finance USA Ltd | 5.200 | 11/02/40 | 462,300 | ||||||||||||||
1,400,000 | Rio Tinto Finance USA plc | 4.125 | 08/21/42 | 1,664,375 | ||||||||||||||
200,000 | Rohm & Haas Co | 7.850 | 07/15/29 | 250,942 | ||||||||||||||
300,000 | RPM International, Inc | 3.450 | 11/15/22 | 301,661 | ||||||||||||||
100,000 | RPM International, Inc | 3.750 | 03/15/27 | 98,328 | ||||||||||||||
300,000 | RPM International, Inc | 4.550 | 03/01/29 | 330,883 | ||||||||||||||
100,000 | RPM International, Inc | 5.250 | 06/01/45 | 115,848 | ||||||||||||||
200,000 | RPM International, Inc | 4.250 | 01/15/48 | 204,913 | ||||||||||||||
1,500,000 | SASOL Financing USA LLC | 5.875 | 03/27/24 | 629,786 | ||||||||||||||
550,000 | SASOL Financing USA LLC | 6.500 | 09/27/28 | 225,645 | ||||||||||||||
225,000 | Sherwin-Williams Co | 4.200 | 01/15/22 | 229,697 | ||||||||||||||
27,000 | Sherwin-Williams Co | 2.750 | 06/01/22 | 26,936 | ||||||||||||||
200,000 | Sherwin-Williams Co | 3.450 | 08/01/25 | 206,712 | ||||||||||||||
200,000 | Sherwin-Williams Co | 3.950 | 01/15/26 | 210,532 | ||||||||||||||
925,000 | Sherwin-Williams Co | 3.450 | 06/01/27 | 948,191 | ||||||||||||||
500,000 | Sherwin-Williams Co | 2.950 | 08/15/29 | 490,862 | ||||||||||||||
500,000 | Sherwin-Williams Co | 2.300 | 05/15/30 | 469,727 |
56 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 200,000 | Sherwin-Williams Co | 4.000 | % | 12/15/42 | $ | 209,345 | |||||||||||
900,000 | Sherwin-Williams Co | 4.500 | 06/01/47 | 977,890 | ||||||||||||||
900,000 | Sherwin-Williams Co | 3.800 | 08/15/49 | 893,110 | ||||||||||||||
500,000 | Sherwin-Williams Co | 3.300 | 05/15/50 | 468,562 | ||||||||||||||
150,000 | Sonoco Products Co | 5.750 | 11/01/40 | 200,396 | ||||||||||||||
200,000 | Southern Copper Corp | 5.375 | 04/16/20 | 199,001 | ||||||||||||||
300,000 | Southern Copper Corp | 3.875 | 04/23/25 | 297,399 | ||||||||||||||
100,000 | Southern Copper Corp | 7.500 | 07/27/35 | 118,040 | ||||||||||||||
1,180,000 | Southern Copper Corp | 6.750 | 04/16/40 | 1,377,476 | ||||||||||||||
1,500,000 | Southern Copper Corp | 5.875 | 04/23/45 | 1,583,839 | ||||||||||||||
250,000 | Steel Dynamics, Inc | 2.800 | 12/15/24 | 232,928 | ||||||||||||||
750,000 | Steel Dynamics, Inc | 3.450 | 04/15/30 | 679,495 | ||||||||||||||
1,900,000 | Suzano Austria GmbH | 6.000 | 01/15/29 | 1,771,750 | ||||||||||||||
1,675,000 | Teck Resources Ltd | 6.250 | 07/15/41 | 1,449,183 | ||||||||||||||
750,000 | Vulcan Materials Co | 4.500 | 04/01/25 | 788,199 | ||||||||||||||
100,000 | Vulcan Materials Co | 3.900 | 04/01/27 | 101,055 | ||||||||||||||
475,000 | Vulcan Materials Co | 4.500 | 06/15/47 | 478,693 | ||||||||||||||
200,000 | Vulcan Materials Co | 4.700 | 03/01/48 | 208,524 | ||||||||||||||
500,000 | Westlake Chemical Corp | 3.600 | 08/15/26 | 455,552 | ||||||||||||||
500,000 | Westlake Chemical Corp | 5.000 | 08/15/46 | 475,877 | ||||||||||||||
200,000 | Westlake Chemical Corp | 4.375 | 11/15/47 | 162,184 | ||||||||||||||
500,000 | WestRock RKT LLC | 4.900 | 03/01/22 | 509,158 | ||||||||||||||
500,000 | WestRock RKT LLC | 4.000 | 03/01/23 | 485,132 | ||||||||||||||
250,000 | WRKCo, Inc | 3.000 | 09/15/24 | 249,823 | ||||||||||||||
425,000 | WRKCo, Inc | 3.750 | 03/15/25 | 427,314 | ||||||||||||||
525,000 | WRKCo, Inc | 4.650 | 03/15/26 | 559,642 | ||||||||||||||
300,000 | WRKCo, Inc | 3.375 | 09/15/27 | 273,834 | ||||||||||||||
325,000 | WRKCo, Inc | 4.000 | 03/15/28 | 343,057 | ||||||||||||||
240,000 | WRKCo, Inc | 3.900 | 06/01/28 | 246,436 | ||||||||||||||
950,000 | WRKCo, Inc | 4.900 | 03/15/29 | 1,058,137 | ||||||||||||||
685,000 | WRKCo, Inc | 4.200 | 06/01/32 | 712,806 | ||||||||||||||
171,000 | Yamana Gold, Inc | 4.625 | 12/15/27 | 171,505 | ||||||||||||||
TOTAL MATERIALS | 124,289,368 | |||||||||||||||||
MEDIA & ENTERTAINMENT - 0.9% | ||||||||||||||||||
825,000 | Charter Communications Operating LLC | 3.579 | 07/23/20 | 822,436 | ||||||||||||||
1,135,000 | Charter Communications Operating LLC | 4.464 | 07/23/22 | 1,172,346 | ||||||||||||||
225,000 | Charter Communications Operating LLC | 4.500 | 02/01/24 | 231,864 | ||||||||||||||
3,650,000 | Charter Communications Operating LLC | 4.908 | 07/23/25 | 3,932,074 | ||||||||||||||
950,000 | Charter Communications Operating LLC | 3.750 | 02/15/28 | 955,243 | ||||||||||||||
2,750,000 | Charter Communications Operating LLC | 4.200 | 03/15/28 | 2,822,772 | ||||||||||||||
750,000 | Charter Communications Operating LLC | 6.384 | 10/23/35 | 891,442 | ||||||||||||||
1,500,000 | Charter Communications Operating LLC | 5.375 | 04/01/38 | 1,618,899 | ||||||||||||||
1,550,000 | Charter Communications Operating LLC | 6.484 | 10/23/45 | 1,895,039 | ||||||||||||||
1,400,000 | Charter Communications Operating LLC | 5.375 | 05/01/47 | 1,512,823 | ||||||||||||||
1,375,000 | Charter Communications Operating LLC | 5.750 | 04/01/48 | 1,560,944 | ||||||||||||||
1,600,000 | Charter Communications Operating LLC | 5.125 | 07/01/49 | 1,701,945 | ||||||||||||||
2,500,000 | Charter Communications Operating LLC | 4.800 | 03/01/50 | 2,604,822 | ||||||||||||||
250,000 | Comcast Cable Communications Holdings, Inc | 9.455 | 11/15/22 | 295,095 | ||||||||||||||
150,000 | Comcast Corp | 1.625 | 01/15/22 | 150,354 | ||||||||||||||
1,600,000 | Comcast Corp | 3.125 | 07/15/22 | 1,649,611 | ||||||||||||||
1,000,000 | Comcast Corp | 2.850 | 01/15/23 | 1,029,574 | ||||||||||||||
850,000 | Comcast Corp | 2.750 | 03/01/23 | 873,920 |
57 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 850,000 | Comcast Corp | 3.000 | % | 02/01/24 | $ | 892,490 | |||||||||||
325,000 | Comcast Corp | 3.600 | 03/01/24 | 347,782 | ||||||||||||||
2,025,000 | Comcast Corp | 3.700 | 04/15/24 | 2,173,447 | ||||||||||||||
850,000 | Comcast Corp | 3.375 | 02/15/25 | 906,468 | ||||||||||||||
350,000 | Comcast Corp | 3.375 | 08/15/25 | 371,700 | ||||||||||||||
1,550,000 | Comcast Corp | 3.950 | 10/15/25 | 1,706,544 | ||||||||||||||
1,950,000 | Comcast Corp | 3.150 | 03/01/26 | 2,045,690 | ||||||||||||||
1,025,000 | Comcast Corp | 2.350 | 01/15/27 | 1,021,141 | ||||||||||||||
1,450,000 | Comcast Corp | 3.300 | 02/01/27 | 1,537,334 | ||||||||||||||
900,000 | Comcast Corp | 3.150 | 02/15/28 | 941,666 | ||||||||||||||
2,675,000 | Comcast Corp | 4.150 | 10/15/28 | 3,045,328 | ||||||||||||||
3,300,000 | Comcast Corp | 4.250 | 10/15/30 | 3,869,051 | ||||||||||||||
1,925,000 | Comcast Corp | 4.250 | 01/15/33 | 2,267,684 | ||||||||||||||
150,000 | Comcast Corp | 7.050 | 03/15/33 | 212,660 | ||||||||||||||
200,000 | Comcast Corp | 4.200 | 08/15/34 | 228,034 | ||||||||||||||
500,000 | Comcast Corp | 4.400 | 08/15/35 | 605,626 | ||||||||||||||
175,000 | Comcast Corp | 6.500 | 11/15/35 | 255,450 | ||||||||||||||
3,475,000 | Comcast Corp | 3.200 | 07/15/36 | 3,668,533 | ||||||||||||||
175,000 | Comcast Corp | 6.950 | 08/15/37 | 274,635 | ||||||||||||||
3,150,000 | Comcast Corp | 3.900 | 03/01/38 | 3,541,042 | ||||||||||||||
1,425,000 | Comcast Corp | 4.600 | 10/15/38 | 1,775,390 | ||||||||||||||
1,000,000 | Comcast Corp | 3.250 | 11/01/39 | 1,055,327 | ||||||||||||||
150,000 | Comcast Corp | 4.650 | 07/15/42 | 190,707 | ||||||||||||||
175,000 | Comcast Corp | 4.750 | 03/01/44 | 221,178 | ||||||||||||||
1,125,000 | Comcast Corp | 4.600 | 08/15/45 | 1,435,376 | ||||||||||||||
1,275,000 | Comcast Corp | 3.400 | 07/15/46 | 1,379,668 | ||||||||||||||
631,000 | Comcast Corp | 3.969 | 11/01/47 | 729,285 | ||||||||||||||
1,500,000 | Comcast Corp | 4.000 | 03/01/48 | 1,730,021 | ||||||||||||||
2,625,000 | Comcast Corp | 4.700 | 10/15/48 | 3,393,765 | ||||||||||||||
1,407,000 | Comcast Corp | 3.999 | 11/01/49 | 1,662,051 | ||||||||||||||
2,525,000 | Comcast Corp | 3.450 | 02/01/50 | 2,770,676 | ||||||||||||||
3,600,000 | Comcast Corp | 4.950 | 10/15/58 | 4,971,805 | ||||||||||||||
485,000 | Cottage Health Obligated Group | 3.304 | 11/01/49 | 494,516 | ||||||||||||||
750,000 | DH Europe Finance II Sarl | 2.050 | 11/15/22 | 735,513 | ||||||||||||||
750,000 | DH Europe Finance II Sarl | 2.200 | 11/15/24 | 728,698 | ||||||||||||||
300,000 | DH Europe Finance II Sarl | 2.600 | 11/15/29 | 291,691 | ||||||||||||||
550,000 | DH Europe Finance II Sarl | 3.250 | 11/15/39 | 536,341 | ||||||||||||||
1,000,000 | DH Europe Finance II Sarl | 3.400 | 11/15/49 | 974,288 | ||||||||||||||
200,000 | Discovery Communications LLC | 2.800 | 06/15/20 | 199,532 | ||||||||||||||
500,000 | Discovery Communications LLC | 3.300 | 05/15/22 | 502,945 | ||||||||||||||
200,000 | Discovery Communications LLC | 3.500 | 06/15/22 | 203,551 | ||||||||||||||
450,000 | Discovery Communications LLC | 2.950 | 03/20/23 | 449,048 | ||||||||||||||
900,000 | Discovery Communications LLC | 3.250 | 04/01/23 | 897,265 | ||||||||||||||
300,000 | Discovery Communications LLC | 3.800 | 03/13/24 | 298,195 | ||||||||||||||
200,000 | Discovery Communications LLC | 3.900 | 11/15/24 | 202,238 | ||||||||||||||
350,000 | Discovery Communications LLC | 3.450 | 03/15/25 | 338,912 | ||||||||||||||
200,000 | Discovery Communications LLC | 3.950 | 06/15/25 | 195,215 | ||||||||||||||
500,000 | Discovery Communications LLC | 4.900 | 03/11/26 | 508,498 | ||||||||||||||
2,275,000 | Discovery Communications LLC | 3.950 | 03/20/28 | 2,212,638 | ||||||||||||||
1,000,000 | Discovery Communications LLC | 4.125 | 05/15/29 | 969,181 | ||||||||||||||
225,000 | Discovery Communications LLC | 5.000 | 09/20/37 | 222,793 | ||||||||||||||
100,000 | Discovery Communications LLC | 6.350 | 06/01/40 | 115,713 | ||||||||||||||
100,000 | Discovery Communications LLC | 4.950 | 05/15/42 | 98,514 | ||||||||||||||
125,000 | Discovery Communications LLC | 4.875 | 04/01/43 | 121,000 |
58 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,400,000 | Discovery Communications LLC | 5.200 | % | 09/20/47 | $ | 1,430,900 | |||||||||||
1,400,000 | Discovery Communications LLC | 5.300 | 05/15/49 | 1,418,121 | ||||||||||||||
150,000 | h | Fox Corp | 3.666 | 01/25/22 | 153,196 | |||||||||||||
500,000 | h | Fox Corp | 4.030 | 01/25/24 | 519,476 | |||||||||||||
2,250,000 | h | Fox Corp | 4.709 | 01/25/29 | 2,468,232 | |||||||||||||
500,000 | Fox Corp | 3.500 | 04/08/30 | 498,995 | ||||||||||||||
1,500,000 | h | Fox Corp | 5.476 | 01/25/39 | 1,739,958 | |||||||||||||
650,000 | h | Fox Corp | 5.576 | 01/25/49 | 778,363 | |||||||||||||
550,000 | Grupo Televisa SAB | 6.625 | 03/18/25 | 605,466 | ||||||||||||||
200,000 | Grupo Televisa SAB | 4.625 | 01/30/26 | 208,994 | ||||||||||||||
1,100,000 | Grupo Televisa SAB | 5.000 | 05/13/45 | 1,104,189 | ||||||||||||||
700,000 | Grupo Televisa SAB | 6.125 | 01/31/46 | 793,193 | ||||||||||||||
500,000 | Grupo Televisa SAB | 5.250 | 05/24/49 | 514,627 | ||||||||||||||
450,000 | Interpublic Group of Cos, Inc | 3.500 | 10/01/20 | 443,168 | ||||||||||||||
450,000 | Interpublic Group of Cos, Inc | 3.750 | 10/01/21 | 454,262 | ||||||||||||||
100,000 | Interpublic Group of Cos, Inc | 4.000 | 03/15/22 | 103,575 | ||||||||||||||
200,000 | Interpublic Group of Cos, Inc | 4.200 | 04/15/24 | 207,244 | ||||||||||||||
350,000 | Interpublic Group of Cos, Inc | 4.650 | 10/01/28 | 357,415 | ||||||||||||||
500,000 | Interpublic Group of Cos, Inc | 4.750 | 03/30/30 | 496,994 | ||||||||||||||
400,000 | Interpublic Group of Cos, Inc | 5.400 | 10/01/48 | 420,447 | ||||||||||||||
135,000 | MedStar Health, Inc | 3.626 | 08/15/49 | 143,200 | ||||||||||||||
275,000 | NBC Universal Media LLC | 2.875 | 01/15/23 | 282,968 | ||||||||||||||
1,425,000 | NBC Universal Media LLC | 4.450 | 01/15/43 | 1,807,906 | ||||||||||||||
700,000 | Omnicom Group, Inc | 3.625 | 05/01/22 | 711,642 | ||||||||||||||
425,000 | Omnicom Group, Inc | 3.650 | 11/01/24 | 432,246 | ||||||||||||||
1,050,000 | Omnicom Group, Inc | 3.600 | 04/15/26 | 1,048,032 | ||||||||||||||
750,000 | Omnicom Group, Inc | 2.450 | 04/30/30 | 681,797 | ||||||||||||||
325,000 | Omnicom Group, Inc | 4.200 | 06/01/30 | 335,137 | ||||||||||||||
500,000 | Spectrum Health System Obligated Group | 3.487 | 07/15/49 | 515,921 | ||||||||||||||
2,000,000 | Time Warner Cable LLC | 4.000 | 09/01/21 | 2,003,692 | ||||||||||||||
1,075,000 | Time Warner Cable LLC | 6.550 | 05/01/37 | 1,207,037 | ||||||||||||||
400,000 | Time Warner Cable LLC | 7.300 | 07/01/38 | 491,346 | ||||||||||||||
500,000 | Time Warner Cable LLC | 6.750 | 06/15/39 | 566,716 | ||||||||||||||
890,000 | Time Warner Cable LLC | 5.875 | 11/15/40 | 937,838 | ||||||||||||||
475,000 | Time Warner Cable LLC | 5.500 | 09/01/41 | 496,683 | ||||||||||||||
2,875,000 | Time Warner Cable LLC | 4.500 | 09/15/42 | 2,702,554 | ||||||||||||||
325,000 | Time Warner Entertainment Co LP | 8.375 | 03/15/23 | 356,818 | ||||||||||||||
300,000 | Time Warner Entertainment Co LP | 8.375 | 07/15/33 | 413,019 | ||||||||||||||
200,000 | Toledo Hospital | 5.325 | 11/15/28 | 210,530 | ||||||||||||||
450,000 | Toledo Hospital | 5.750 | 11/15/38 | 522,695 | ||||||||||||||
200,000 | Toledo Hospital | 6.015 | 11/15/48 | 218,931 | ||||||||||||||
445,000 | ViacomCBS, Inc | 4.300 | 02/15/21 | 464,525 | ||||||||||||||
200,000 | ViacomCBS, Inc | 2.500 | 02/15/23 | 196,516 | ||||||||||||||
500,000 | ViacomCBS, Inc | 2.900 | 06/01/23 | 476,094 | ||||||||||||||
175,000 | ViacomCBS, Inc | 4.250 | 09/01/23 | 178,446 | ||||||||||||||
2,248,000 | ViacomCBS, Inc | 3.875 | 04/01/24 | 2,240,312 | ||||||||||||||
200,000 | ViacomCBS, Inc | 3.700 | 08/15/24 | 203,975 | ||||||||||||||
300,000 | ViacomCBS, Inc | 3.500 | 01/15/25 | 287,718 | ||||||||||||||
800,000 | ViacomCBS, Inc | 4.000 | 01/15/26 | 824,813 | ||||||||||||||
650,000 | ViacomCBS, Inc | 2.900 | 01/15/27 | 627,692 | ||||||||||||||
200,000 | ViacomCBS, Inc | 3.375 | 02/15/28 | 177,657 | ||||||||||||||
1,300,000 | ViacomCBS, Inc | 3.700 | 06/01/28 | 1,232,346 | ||||||||||||||
500,000 | ViacomCBS, Inc | 4.200 | 06/01/29 | 473,230 |
59 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 500,000 | ViacomCBS, Inc | 7.875 | % | 07/30/30 | $ | 616,372 | |||||||||||
500,000 | ViacomCBS, Inc | 4.950 | 01/15/31 | 494,939 | ||||||||||||||
150,000 | ViacomCBS, Inc | 6.875 | 04/30/36 | 169,099 | ||||||||||||||
200,000 | ViacomCBS, Inc | 4.850 | 07/01/42 | 175,835 | ||||||||||||||
2,179,000 | ViacomCBS, Inc | 4.375 | 03/15/43 | 1,933,243 | ||||||||||||||
625,000 | ViacomCBS, Inc | 5.850 | 09/01/43 | 641,029 | ||||||||||||||
200,000 | ViacomCBS, Inc | 4.900 | 08/15/44 | 189,708 | ||||||||||||||
800,000 | ViacomCBS, Inc | 4.600 | 01/15/45 | 692,737 | ||||||||||||||
300,000 | Walt Disney Co | 2.300 | 02/12/21 | 302,755 | ||||||||||||||
850,000 | Walt Disney Co | 2.550 | 02/15/22 | 860,651 | ||||||||||||||
100,000 | Walt Disney Co | 2.450 | 03/04/22 | 101,170 | ||||||||||||||
750,000 | Walt Disney Co | 1.750 | 08/30/24 | 754,442 | ||||||||||||||
875,000 | Walt Disney Co | 3.150 | 09/17/25 | 924,686 | ||||||||||||||
700,000 | Walt Disney Co | 3.700 | 10/15/25 | 763,359 | ||||||||||||||
500,000 | Walt Disney Co | 3.000 | 02/13/26 | 528,500 | ||||||||||||||
475,000 | Walt Disney Co | 1.850 | 07/30/26 | 472,337 | ||||||||||||||
1,500,000 | Walt Disney Co | 2.950 | 06/15/27 | 1,540,792 | ||||||||||||||
425,000 | Walt Disney Co | 2.000 | 09/01/29 | 414,597 | ||||||||||||||
500,000 | Walt Disney Co | 3.800 | 03/22/30 | 562,190 | ||||||||||||||
229,000 | Walt Disney Co | 6.400 | 12/15/35 | 320,762 | ||||||||||||||
325,000 | Walt Disney Co | 6.650 | 11/15/37 | 468,724 | ||||||||||||||
1,425,000 | Walt Disney Co | 6.150 | 02/15/41 | 2,028,561 | ||||||||||||||
100,000 | Walt Disney Co | 4.375 | 08/16/41 | 119,100 | ||||||||||||||
200,000 | Walt Disney Co | 3.700 | 12/01/42 | 224,765 | ||||||||||||||
225,000 | Walt Disney Co | 5.400 | 10/01/43 | 300,201 | ||||||||||||||
1,275,000 | Walt Disney Co | 4.125 | 06/01/44 | 1,509,642 | ||||||||||||||
500,000 | Walt Disney Co | 4.750 | 09/15/44 | 627,846 | ||||||||||||||
300,000 | Walt Disney Co | 4.950 | 10/15/45 | 388,342 | ||||||||||||||
100,000 | Walt Disney Co | 3.000 | 07/30/46 | 100,894 | ||||||||||||||
700,000 | Walt Disney Co | 4.750 | 11/15/46 | 895,396 | ||||||||||||||
1,600,000 | Walt Disney Co | 2.750 | 09/01/49 | 1,579,989 | ||||||||||||||
375,000 | Weibo Corp | 3.500 | 07/05/24 | 374,943 | ||||||||||||||
300,000 | WPP Finance 2010 | 3.625 | 09/07/22 | 298,324 | ||||||||||||||
1,500,000 | WPP Finance 2010 | 3.750 | 09/19/24 | 1,524,742 | ||||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 149,332,561 | |||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.5% | ||||||||||||||||||
175,000 | Abbott Laboratories | 2.550 | 03/15/22 | 176,510 | ||||||||||||||
200,000 | Abbott Laboratories | 3.400 | 11/30/23 | 210,120 | ||||||||||||||
275,000 | Abbott Laboratories | 2.950 | 03/15/25 | 285,864 | ||||||||||||||
1,708,000 | Abbott Laboratories | 3.750 | 11/30/26 | 1,906,730 | ||||||||||||||
2,750,000 | Abbott Laboratories | 4.750 | 11/30/36 | 3,482,041 | ||||||||||||||
3,450,000 | Abbott Laboratories | 4.900 | 11/30/46 | 4,714,547 | ||||||||||||||
350,000 | AbbVie, Inc | 2.300 | 05/14/21 | 348,938 | ||||||||||||||
1,200,000 | AbbVie, Inc | 3.375 | 11/14/21 | 1,223,197 | ||||||||||||||
3,000,000 | g | AbbVie, Inc | 2.150 | 11/19/21 | 2,987,763 | |||||||||||||
625,000 | AbbVie, Inc | 2.900 | 11/06/22 | 632,215 | ||||||||||||||
2,275,000 | AbbVie, Inc | 3.200 | 11/06/22 | 2,324,006 | ||||||||||||||
3,000,000 | g | AbbVie, Inc | 2.300 | 11/21/22 | 2,997,240 | |||||||||||||
850,000 | AbbVie, Inc | 2.850 | 05/14/23 | 861,617 | ||||||||||||||
1,850,000 | AbbVie, Inc | 3.750 | 11/14/23 | 1,916,637 | ||||||||||||||
1,575,000 | AbbVie, Inc | 3.600 | 05/14/25 | 1,659,376 | ||||||||||||||
4,150,000 | AbbVie, Inc | 3.200 | 05/14/26 | 4,299,633 |
60 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 3,000,000 | g | AbbVie, Inc | 2.950 | % | 11/21/26 | $ | 3,056,572 | ||||||||||
675,000 | AbbVie, Inc | 4.250 | 11/14/28 | 730,007 | ||||||||||||||
3,750,000 | g | AbbVie, Inc | 3.200 | 11/21/29 | 3,825,651 | |||||||||||||
1,925,000 | AbbVie, Inc | 4.500 | 05/14/35 | 2,214,535 | ||||||||||||||
675,000 | AbbVie, Inc | 4.300 | 05/14/36 | 737,420 | ||||||||||||||
3,300,000 | g | AbbVie, Inc | 4.050 | 11/21/39 | 3,460,782 | |||||||||||||
2,175,000 | AbbVie, Inc | 4.400 | 11/06/42 | 2,416,962 | ||||||||||||||
925,000 | AbbVie, Inc | 4.700 | 05/14/45 | 1,039,175 | ||||||||||||||
1,350,000 | AbbVie, Inc | 4.450 | 05/14/46 | 1,434,613 | ||||||||||||||
1,150,000 | AbbVie, Inc | 4.875 | 11/14/48 | 1,341,482 | ||||||||||||||
4,975,000 | g | AbbVie, Inc | 4.250 | 11/21/49 | 5,366,379 | |||||||||||||
3,500,000 | Actavis Funding SCS | 3.450 | 03/15/22 | 3,633,442 | ||||||||||||||
2,250,000 | Actavis Funding SCS | 4.550 | 03/15/35 | 2,477,774 | ||||||||||||||
125,000 | Actavis Funding SCS | 4.850 | 06/15/44 | 155,125 | ||||||||||||||
1,310,000 | Actavis Funding SCS | 4.750 | 03/15/45 | 1,413,663 | ||||||||||||||
2,350,000 | Allergan Funding SCS | 3.800 | 03/15/25 | 2,406,439 | ||||||||||||||
1,425,000 | Amgen, Inc | 2.650 | 05/11/22 | 1,441,521 | ||||||||||||||
1,175,000 | Amgen, Inc | 3.625 | 05/15/22 | 1,217,899 | ||||||||||||||
2,475,000 | Amgen, Inc | 2.250 | 08/19/23 | 2,494,139 | ||||||||||||||
950,000 | Amgen, Inc | 3.625 | 05/22/24 | 999,001 | ||||||||||||||
500,000 | Amgen, Inc | 1.900 | 02/21/25 | 503,213 | ||||||||||||||
775,000 | Amgen, Inc | 3.125 | 05/01/25 | 812,148 | ||||||||||||||
1,225,000 | Amgen, Inc | 2.600 | 08/19/26 | 1,257,913 | ||||||||||||||
750,000 | Amgen, Inc | 2.200 | 02/21/27 | 746,144 | ||||||||||||||
775,000 | Amgen, Inc | 3.200 | 11/02/27 | 838,366 | ||||||||||||||
1,000,000 | Amgen, Inc | 2.450 | 02/21/30 | 992,228 | ||||||||||||||
575,000 | Amgen, Inc | 3.150 | 02/21/40 | 566,763 | ||||||||||||||
250,000 | Amgen, Inc | 5.150 | 11/15/41 | 261,792 | ||||||||||||||
2,675,000 | Amgen, Inc | 4.400 | 05/01/45 | 3,123,590 | ||||||||||||||
2,128,000 | Amgen, Inc | 4.563 | 06/15/48 | 2,560,110 | ||||||||||||||
575,000 | Amgen, Inc | 3.375 | 02/21/50 | 599,521 | ||||||||||||||
2,447,000 | Amgen, Inc | 4.663 | 06/15/51 | 3,081,517 | ||||||||||||||
725,000 | AstraZeneca plc | 2.375 | 06/12/22 | 730,370 | ||||||||||||||
475,000 | AstraZeneca plc | 3.500 | 08/17/23 | 497,942 | ||||||||||||||
350,000 | AstraZeneca plc | 3.375 | 11/16/25 | 368,414 | ||||||||||||||
950,000 | AstraZeneca plc | 3.125 | 06/12/27 | 951,467 | ||||||||||||||
1,700,000 | AstraZeneca plc | 4.000 | 01/17/29 | 1,932,726 | ||||||||||||||
1,900,000 | AstraZeneca plc | 6.450 | 09/15/37 | 2,723,194 | ||||||||||||||
625,000 | AstraZeneca plc | 4.000 | 09/18/42 | 703,684 | ||||||||||||||
500,000 | AstraZeneca plc | 4.375 | 11/16/45 | 619,457 | ||||||||||||||
750,000 | AstraZeneca plc | 4.375 | 08/17/48 | 921,150 | ||||||||||||||
449,000 | Baxalta, Inc | 4.000 | 06/23/25 | 478,078 | ||||||||||||||
149,000 | Baxalta, Inc | 5.250 | 06/23/45 | 187,034 | ||||||||||||||
1,000,000 | Biogen, Inc | 2.900 | 09/15/20 | 1,002,902 | ||||||||||||||
650,000 | Biogen, Inc | 3.625 | 09/15/22 | 667,417 | ||||||||||||||
875,000 | Biogen, Inc | 4.050 | 09/15/25 | 925,308 | ||||||||||||||
1,200,000 | Biogen, Inc | 5.200 | 09/15/45 | 1,552,618 | ||||||||||||||
425,000 | g | Bristol-Myers Squibb Co | 2.875 | 08/15/20 | 426,490 | |||||||||||||
200,000 | g | Bristol-Myers Squibb Co | 3.950 | 10/15/20 | 201,964 | |||||||||||||
2,000,000 | g | Bristol-Myers Squibb Co | 2.550 | 05/14/21 | 2,023,372 | |||||||||||||
200,000 | g | Bristol-Myers Squibb Co | 2.250 | 08/15/21 | 201,141 | |||||||||||||
2,000,000 | g | Bristol-Myers Squibb Co | 2.600 | 05/16/22 | 2,040,745 | |||||||||||||
200,000 | Bristol-Myers Squibb Co | 2.000 | 08/01/22 | 201,525 |
61 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 550,000 | g | Bristol-Myers Squibb Co | 3.250 | % | 08/15/22 | $ | 570,936 | ||||||||||
600,000 | g | Bristol-Myers Squibb Co | 2.750 | 02/15/23 | 620,194 | |||||||||||||
1,750,000 | g | Bristol-Myers Squibb Co | 3.250 | 02/20/23 | 1,837,225 | |||||||||||||
200,000 | Bristol-Myers Squibb Co | 3.250 | 11/01/23 | 208,684 | ||||||||||||||
275,000 | g | Bristol-Myers Squibb Co | 3.625 | 05/15/24 | 290,578 | |||||||||||||
3,450,000 | g | Bristol-Myers Squibb Co | 2.900 | 07/26/24 | 3,656,257 | |||||||||||||
600,000 | g | Bristol-Myers Squibb Co | 3.875 | 08/15/25 | 650,987 | |||||||||||||
500,000 | Bristol-Myers Squibb Co | 3.250 | 02/27/27 | 527,490 | ||||||||||||||
1,275,000 | g | Bristol-Myers Squibb Co | 3.900 | 02/20/28 | 1,419,629 | |||||||||||||
2,025,000 | g | Bristol-Myers Squibb Co | 3.400 | 07/26/29 | 2,225,277 | |||||||||||||
700,000 | g | Bristol-Myers Squibb Co | 4.125 | 06/15/39 | 844,650 | |||||||||||||
650,000 | Bristol-Myers Squibb Co | 3.250 | 08/01/42 | 670,044 | ||||||||||||||
300,000 | g | Bristol-Myers Squibb Co | 5.250 | 08/15/43 | 409,450 | |||||||||||||
200,000 | Bristol-Myers Squibb Co | 4.500 | 03/01/44 | 238,743 | ||||||||||||||
2,200,000 | g | Bristol-Myers Squibb Co | 5.000 | 08/15/45 | 2,951,323 | |||||||||||||
500,000 | g | Bristol-Myers Squibb Co | 4.350 | 11/15/47 | 628,041 | |||||||||||||
2,300,000 | g | Bristol-Myers Squibb Co | 4.550 | 02/20/48 | 2,915,529 | |||||||||||||
3,400,000 | g | Bristol-Myers Squibb Co | 4.250 | 10/26/49 | 4,260,902 | |||||||||||||
175,000 | Eli Lilly & Co | 2.350 | 05/15/22 | 178,407 | ||||||||||||||
975,000 | Eli Lilly & Co | 2.750 | 06/01/25 | 1,007,631 | ||||||||||||||
950,000 | Eli Lilly & Co | 3.100 | 05/15/27 | 977,411 | ||||||||||||||
700,000 | Eli Lilly & Co | 3.375 | 03/15/29 | 755,141 | ||||||||||||||
650,000 | Eli Lilly & Co | 3.875 | 03/15/39 | 760,934 | ||||||||||||||
550,000 | Eli Lilly & Co | 3.700 | 03/01/45 | 618,965 | ||||||||||||||
1,025,000 | Eli Lilly & Co | 3.950 | 03/15/49 | 1,288,188 | ||||||||||||||
875,000 | Eli Lilly & Co | 4.150 | 03/15/59 | 1,034,362 | ||||||||||||||
600,000 | Gilead Sciences, Inc | 4.500 | 04/01/21 | 608,199 | ||||||||||||||
1,150,000 | Gilead Sciences, Inc | 4.400 | 12/01/21 | 1,187,498 | ||||||||||||||
200,000 | Gilead Sciences, Inc | 1.950 | 03/01/22 | 197,277 | ||||||||||||||
700,000 | Gilead Sciences, Inc | 3.250 | 09/01/22 | 715,889 | ||||||||||||||
500,000 | Gilead Sciences, Inc | 2.500 | 09/01/23 | 499,186 | ||||||||||||||
800,000 | Gilead Sciences, Inc | 3.700 | 04/01/24 | 839,095 | ||||||||||||||
575,000 | Gilead Sciences, Inc | 3.500 | 02/01/25 | 615,947 | ||||||||||||||
3,125,000 | Gilead Sciences, Inc | 3.650 | 03/01/26 | 3,405,929 | ||||||||||||||
525,000 | Gilead Sciences, Inc | 2.950 | 03/01/27 | 543,306 | ||||||||||||||
450,000 | Gilead Sciences, Inc | 4.600 | 09/01/35 | 577,140 | ||||||||||||||
1,300,000 | Gilead Sciences, Inc | 4.000 | 09/01/36 | 1,471,896 | ||||||||||||||
250,000 | Gilead Sciences, Inc | 5.650 | 12/01/41 | 341,017 | ||||||||||||||
1,025,000 | Gilead Sciences, Inc | 4.800 | 04/01/44 | 1,317,877 | ||||||||||||||
950,000 | Gilead Sciences, Inc | 4.500 | 02/01/45 | 1,156,980 | ||||||||||||||
925,000 | Gilead Sciences, Inc | 4.750 | 03/01/46 | 1,182,889 | ||||||||||||||
3,625,000 | Gilead Sciences, Inc | 4.150 | 03/01/47 | 4,430,990 | ||||||||||||||
1,193,000 | GlaxoSmithKline Capital plc | 2.850 | 05/08/22 | 1,225,769 | ||||||||||||||
500,000 | GlaxoSmithKline Capital plc | 2.875 | 06/01/22 | 511,609 | ||||||||||||||
1,400,000 | GlaxoSmithKline Capital plc | 3.375 | 06/01/29 | 1,512,466 | ||||||||||||||
900,000 | GlaxoSmithKline Capital, Inc | 2.800 | 03/18/23 | 929,773 | ||||||||||||||
950,000 | GlaxoSmithKline Capital, Inc | 3.625 | 05/15/25 | 1,023,850 | ||||||||||||||
925,000 | GlaxoSmithKline Capital, Inc | 3.875 | 05/15/28 | 1,035,392 | ||||||||||||||
350,000 | GlaxoSmithKline Capital, Inc | 5.375 | 04/15/34 | 437,763 | ||||||||||||||
1,243,000 | GlaxoSmithKline Capital, Inc | 6.375 | 05/15/38 | 1,840,494 | ||||||||||||||
850,000 | GlaxoSmithKline Capital, Inc | 4.200 | 03/18/43 | 948,340 | ||||||||||||||
250,000 | Johnson & Johnson | 1.650 | 03/01/21 | 250,948 | ||||||||||||||
200,000 | Johnson & Johnson | 2.450 | 12/05/21 | 204,774 | ||||||||||||||
300,000 | Johnson & Johnson | 2.050 | 03/01/23 | 306,711 |
62 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 950,000 | Johnson & Johnson | 3.375 | % | 12/05/23 | $ | 1,016,452 | |||||||||||
1,000,000 | Johnson & Johnson | 2.450 | 03/01/26 | 1,068,793 | ||||||||||||||
1,000,000 | Johnson & Johnson | 4.375 | 12/05/33 | 1,309,945 | ||||||||||||||
250,000 | Johnson & Johnson | 3.550 | 03/01/36 | 286,897 | ||||||||||||||
450,000 | Johnson & Johnson | 3.625 | 03/03/37 | 515,856 | ||||||||||||||
250,000 | Johnson & Johnson | 5.950 | 08/15/37 | 380,195 | ||||||||||||||
675,000 | Johnson & Johnson | 3.400 | 01/15/38 | 780,991 | ||||||||||||||
375,000 | Johnson & Johnson | 5.850 | 07/15/38 | 569,116 | ||||||||||||||
300,000 | Johnson & Johnson | 4.500 | 12/05/43 | 410,227 | ||||||||||||||
1,200,000 | Johnson & Johnson | 3.700 | 03/01/46 | 1,478,337 | ||||||||||||||
1,625,000 | Johnson & Johnson | 3.750 | 03/03/47 | 2,023,673 | ||||||||||||||
2,100,000 | Johnson & Johnson | 3.500 | 01/15/48 | 2,593,434 | ||||||||||||||
2,200,000 | Merck & Co, Inc | 3.875 | 01/15/21 | 2,225,904 | ||||||||||||||
750,000 | Merck & Co, Inc | 2.350 | 02/10/22 | 758,950 | ||||||||||||||
200,000 | Merck & Co, Inc | 2.400 | 09/15/22 | 203,138 | ||||||||||||||
1,300,000 | Merck & Co, Inc | 2.800 | 05/18/23 | 1,308,886 | ||||||||||||||
1,450,000 | Merck & Co, Inc | 2.750 | 02/10/25 | 1,516,480 | ||||||||||||||
1,475,000 | Merck & Co, Inc | 3.900 | 03/07/39 | 1,740,301 | ||||||||||||||
100,000 | Merck & Co, Inc | 3.600 | 09/15/42 | 111,776 | ||||||||||||||
925,000 | Merck & Co, Inc | 4.150 | 05/18/43 | 1,122,094 | ||||||||||||||
1,825,000 | Merck & Co, Inc | 3.700 | 02/10/45 | 2,150,967 | ||||||||||||||
1,600,000 | Merck & Co, Inc | 4.000 | 03/07/49 | 2,019,097 | ||||||||||||||
10,000 | Mylan NV | 3.750 | 12/15/20 | 9,939 | ||||||||||||||
1,175,000 | Mylan NV | 3.150 | 06/15/21 | 1,164,174 | ||||||||||||||
2,800,000 | Mylan NV | 3.950 | 06/15/26 | 2,796,428 | ||||||||||||||
750,000 | Mylan NV | 5.250 | 06/15/46 | 716,521 | ||||||||||||||
500,000 | Mylan, Inc | 4.550 | 04/15/28 | 489,502 | ||||||||||||||
700,000 | Mylan, Inc | 5.200 | 04/15/48 | 628,345 | ||||||||||||||
725,000 | Novartis Capital Corp | 2.400 | 09/21/22 | 744,538 | ||||||||||||||
2,300,000 | Novartis Capital Corp | 3.400 | 05/06/24 | 2,472,288 | ||||||||||||||
725,000 | Novartis Capital Corp | 3.000 | 11/20/25 | 769,227 | ||||||||||||||
1,000,000 | Novartis Capital Corp | 2.000 | 02/14/27 | 1,009,769 | ||||||||||||||
1,300,000 | Novartis Capital Corp | 3.100 | 05/17/27 | 1,399,168 | ||||||||||||||
1,000,000 | Novartis Capital Corp | 2.200 | 08/14/30 | 1,015,986 | ||||||||||||||
400,000 | Novartis Capital Corp | 3.700 | 09/21/42 | 471,306 | ||||||||||||||
1,025,000 | Novartis Capital Corp | 4.400 | 05/06/44 | 1,357,488 | ||||||||||||||
1,000,000 | Novartis Capital Corp | 4.000 | 11/20/45 | 1,271,021 | ||||||||||||||
1,500,000 | Novartis Capital Corp | 2.750 | 08/14/50 | 1,559,590 | ||||||||||||||
100,000 | Perrigo Co plc | 4.000 | 11/15/23 | 103,761 | ||||||||||||||
100,000 | Perrigo Co plc | 5.300 | 11/15/43 | 115,161 | ||||||||||||||
200,000 | Perrigo Finance Unlimited Co | 3.900 | 12/15/24 | 196,384 | ||||||||||||||
200,000 | Perrigo Finance Unlimited Co | 4.375 | 03/15/26 | 206,639 | ||||||||||||||
221,000 | Perrigo Finance Unlimited Co | 4.900 | 12/15/44 | 249,347 | ||||||||||||||
500,000 | Pfizer, Inc | 1.950 | 06/03/21 | 503,549 | ||||||||||||||
500,000 | Pfizer, Inc | 3.000 | 09/15/21 | 512,829 | ||||||||||||||
200,000 | Pfizer, Inc | 2.200 | 12/15/21 | 200,763 | ||||||||||||||
1,075,000 | Pfizer, Inc | 3.000 | 06/15/23 | 1,096,925 | ||||||||||||||
1,175,000 | Pfizer, Inc | 3.400 | 05/15/24 | 1,226,445 | ||||||||||||||
350,000 | Pfizer, Inc | 2.750 | 06/03/26 | 367,943 | ||||||||||||||
2,850,000 | Pfizer, Inc | 3.000 | 12/15/26 | 3,067,854 | ||||||||||||||
950,000 | Pfizer, Inc | 3.600 | 09/15/28 | 1,061,970 | ||||||||||||||
1,550,000 | Pfizer, Inc | 3.450 | 03/15/29 | 1,713,477 | ||||||||||||||
425,000 | Pfizer, Inc | 4.000 | 12/15/36 | 486,281 |
63 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 500,000 | Pfizer, Inc | 4.100 | % | 09/15/38 | $ | 590,129 | |||||||||||
875,000 | Pfizer, Inc | 3.900 | 03/15/39 | 989,773 | ||||||||||||||
350,000 | Pfizer, Inc | 7.200 | 03/15/39 | 561,304 | ||||||||||||||
625,000 | Pfizer, Inc | 4.300 | 06/15/43 | 723,187 | ||||||||||||||
1,100,000 | Pfizer, Inc | 4.400 | 05/15/44 | 1,347,204 | ||||||||||||||
1,875,000 | Pfizer, Inc | 4.125 | 12/15/46 | 2,315,550 | ||||||||||||||
1,200,000 | Pfizer, Inc | 4.200 | 09/15/48 | 1,487,597 | ||||||||||||||
2,100,000 | Pfizer, Inc | 4.000 | 03/15/49 | 2,569,533 | ||||||||||||||
1,750,000 | Sanofi | 3.375 | 06/19/23 | 1,845,932 | ||||||||||||||
500,000 | Sanofi | 3.625 | 06/19/28 | 554,648 | ||||||||||||||
825,000 | Takeda Pharmaceutical Co Ltd | 4.000 | 11/26/21 | 835,586 | ||||||||||||||
1,000,000 | Takeda Pharmaceutical Co Ltd | 4.400 | 11/26/23 | 1,052,484 | ||||||||||||||
2,100,000 | Takeda Pharmaceutical Co Ltd | 5.000 | 11/26/28 | 2,396,233 | ||||||||||||||
175,000 | Watson Pharmaceuticals, Inc | 3.250 | 10/01/22 | 175,446 | ||||||||||||||
1,000,000 | Wyeth LLC | 6.450 | 02/01/24 | 1,162,199 | ||||||||||||||
150,000 | Wyeth LLC | 6.500 | 02/01/34 | 216,968 | ||||||||||||||
275,000 | Wyeth LLC | 5.950 | 04/01/37 | 390,086 | ||||||||||||||
100,000 | Zoetis, Inc | 3.450 | 11/13/20 | 99,019 | ||||||||||||||
500,000 | Zoetis, Inc | 3.250 | 08/20/21 | 506,752 | ||||||||||||||
1,000,000 | Zoetis, Inc | 3.250 | 02/01/23 | 1,022,230 | ||||||||||||||
300,000 | Zoetis, Inc | 4.500 | 11/13/25 | 312,106 | ||||||||||||||
425,000 | Zoetis, Inc | 3.000 | 09/12/27 | 428,477 | ||||||||||||||
500,000 | Zoetis, Inc | 3.900 | 08/20/28 | 520,112 | ||||||||||||||
900,000 | Zoetis, Inc | 4.700 | 02/01/43 | 1,013,111 | ||||||||||||||
650,000 | Zoetis, Inc | 3.950 | 09/12/47 | 643,370 | ||||||||||||||
200,000 | Zoetis, Inc | 4.450 | 08/20/48 | 222,512 | ||||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 246,012,975 | |||||||||||||||||
REAL ESTATE - 0.8% | ||||||||||||||||||
100,000 | Alexandria Real Estate Equities, Inc | 3.900 | 06/15/23 | 100,655 | ||||||||||||||
1,250,000 | Alexandria Real Estate Equities, Inc | 4.000 | 01/15/24 | 1,277,083 | ||||||||||||||
100,000 | Alexandria Real Estate Equities, Inc | 3.450 | 04/30/25 | 103,700 | ||||||||||||||
200,000 | Alexandria Real Estate Equities, Inc | 4.300 | 01/15/26 | 206,327 | ||||||||||||||
500,000 | Alexandria Real Estate Equities, Inc | 3.800 | 04/15/26 | 501,680 | ||||||||||||||
200,000 | Alexandria Real Estate Equities, Inc | 4.500 | 07/30/29 | 209,434 | ||||||||||||||
425,000 | Alexandria Real Estate Equities, Inc | 2.750 | 12/15/29 | 372,797 | ||||||||||||||
100,000 | Alexandria Real Estate Equities, Inc | 4.700 | 07/01/30 | 106,000 | ||||||||||||||
275,000 | Alexandria Real Estate Equities, Inc | 3.375 | 08/15/31 | 267,369 | ||||||||||||||
500,000 | Alexandria Real Estate Equities, Inc | 4.850 | 04/15/49 | 528,384 | ||||||||||||||
700,000 | Alexandria Real Estate Equities, Inc | 4.000 | 02/01/50 | 634,096 | ||||||||||||||
100,000 | American Campus Communities Operating Partnership LP | 3.750 | 04/15/23 | 100,833 | ||||||||||||||
1,300,000 | American Campus Communities Operating Partnership LP | 4.125 | 07/01/24 | 1,349,610 | ||||||||||||||
500,000 | American Campus Communities Operating Partnership LP | 3.300 | 07/15/26 | 493,201 | ||||||||||||||
200,000 | American Campus Communities Operating Partnership LP | 3.625 | 11/15/27 | 199,535 | ||||||||||||||
500,000 | American Campus Communities Operating Partnership LP | 2.850 | 02/01/30 | 468,222 | ||||||||||||||
500,000 | American Homes 4 Rent LP | 4.900 | 02/15/29 | 487,218 | ||||||||||||||
1,150,000 | American Tower Corp | 3.300 | 02/15/21 | 1,149,785 | ||||||||||||||
200,000 | American Tower Corp | 3.450 | 09/15/21 | 201,016 | ||||||||||||||
725,000 | American Tower Corp | 2.250 | 01/15/22 | 707,675 |
64 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 200,000 | American Tower Corp | 4.700 | % | 03/15/22 | $ | 203,081 | |||||||||||
800,000 | American Tower Corp | 3.500 | 01/31/23 | 805,678 | ||||||||||||||
450,000 | American Tower Corp | 5.000 | 02/15/24 | 476,362 | ||||||||||||||
350,000 | American Tower Corp | 3.375 | 05/15/24 | 351,610 | ||||||||||||||
750,000 | American Tower Corp | 2.400 | 03/15/25 | 739,006 | ||||||||||||||
525,000 | American Tower Corp | 4.000 | 06/01/25 | 539,303 | ||||||||||||||
200,000 | American Tower Corp | 4.400 | 02/15/26 | 210,611 | ||||||||||||||
425,000 | American Tower Corp | 3.375 | 10/15/26 | 425,072 | ||||||||||||||
750,000 | American Tower Corp | 2.750 | 01/15/27 | 725,861 | ||||||||||||||
500,000 | American Tower Corp | 3.125 | 01/15/27 | 490,917 | ||||||||||||||
150,000 | American Tower Corp | 3.550 | 07/15/27 | 150,328 | ||||||||||||||
500,000 | American Tower Corp | 3.600 | 01/15/28 | 499,685 | ||||||||||||||
350,000 | American Tower Corp | 3.950 | 03/15/29 | 364,173 | ||||||||||||||
750,000 | American Tower Corp | 2.900 | 01/15/30 | 729,839 | ||||||||||||||
225,000 | AvalonBay Communities, Inc | 2.950 | 09/15/22 | 215,596 | ||||||||||||||
200,000 | AvalonBay Communities, Inc | 3.500 | 11/15/24 | 204,996 | ||||||||||||||
200,000 | AvalonBay Communities, Inc | 2.950 | 05/11/26 | 199,835 | ||||||||||||||
100,000 | AvalonBay Communities, Inc | 2.900 | 10/15/26 | 101,138 | ||||||||||||||
1,200,000 | AvalonBay Communities, Inc | 3.350 | 05/15/27 | 1,206,664 | ||||||||||||||
200,000 | AvalonBay Communities, Inc | 3.200 | 01/15/28 | 198,885 | ||||||||||||||
750,000 | AvalonBay Communities, Inc | 3.300 | 06/01/29 | 748,406 | ||||||||||||||
750,000 | AvalonBay Communities, Inc | 2.300 | 03/01/30 | 697,040 | ||||||||||||||
400,000 | AvalonBay Communities, Inc | 4.150 | 07/01/47 | 423,663 | ||||||||||||||
200,000 | AvalonBay Communities, Inc | 4.350 | 04/15/48 | 211,371 | ||||||||||||||
1,175,000 | Boston Properties LP | 4.125 | 05/15/21 | 1,183,373 | ||||||||||||||
275,000 | Boston Properties LP | 3.850 | 02/01/23 | 277,877 | ||||||||||||||
425,000 | Boston Properties LP | 3.125 | 09/01/23 | 432,931 | ||||||||||||||
200,000 | Boston Properties LP | 3.800 | 02/01/24 | 210,317 | ||||||||||||||
1,500,000 | Boston Properties LP | 3.200 | 01/15/25 | 1,547,470 | ||||||||||||||
275,000 | Boston Properties LP | 3.650 | 02/01/26 | 292,569 | ||||||||||||||
700,000 | Boston Properties LP | 2.750 | 10/01/26 | 670,040 | ||||||||||||||
550,000 | Boston Properties LP | 4.500 | 12/01/28 | 604,860 | ||||||||||||||
550,000 | Boston Properties LP | 3.400 | 06/21/29 | 571,026 | ||||||||||||||
750,000 | Boston Properties LP | 2.900 | 03/15/30 | 690,610 | ||||||||||||||
100,000 | Brandywine Operating Partnership LP | 3.950 | 02/15/23 | 103,304 | ||||||||||||||
500,000 | Brandywine Operating Partnership LP | 4.100 | 10/01/24 | 497,517 | ||||||||||||||
100,000 | Brandywine Operating Partnership LP | 3.950 | 11/15/27 | 93,821 | ||||||||||||||
500,000 | Brandywine Operating Partnership LP | 4.550 | 10/01/29 | 517,836 | ||||||||||||||
150,000 | Brixmor Operating Partnership LP | 3.875 | 08/15/22 | 144,059 | ||||||||||||||
350,000 | Brixmor Operating Partnership LP | 3.250 | 09/15/23 | 333,030 | ||||||||||||||
900,000 | Brixmor Operating Partnership LP | 3.650 | 06/15/24 | 837,096 | ||||||||||||||
200,000 | Brixmor Operating Partnership LP | 3.850 | 02/01/25 | 197,367 | ||||||||||||||
225,000 | Brixmor Operating Partnership LP | 4.125 | 06/15/26 | 234,805 | ||||||||||||||
300,000 | Brixmor Operating Partnership LP | 3.900 | 03/15/27 | 298,654 | ||||||||||||||
600,000 | Brixmor Operating Partnership LP | 4.125 | 05/15/29 | 615,132 | ||||||||||||||
200,000 | Camden Property Trust | 2.950 | 12/15/22 | 200,582 | ||||||||||||||
100,000 | Camden Property Trust | 4.100 | 10/15/28 | 104,909 | ||||||||||||||
325,000 | Camden Property Trust | 3.150 | 07/01/29 | 320,319 | ||||||||||||||
500,000 | Camden Property Trust | 3.350 | 11/01/49 | 425,365 | ||||||||||||||
500,000 | CBRE Services, Inc | 4.875 | 03/01/26 | 532,153 | ||||||||||||||
1,225,000 | CC Holdings GS V LLC | 3.849 | 04/15/23 | 1,230,376 | ||||||||||||||
400,000 | Columbia Property Trust Operating Partnership LP | 3.650 | 08/15/26 | 355,617 | ||||||||||||||
200,000 | Corporate Office Properties LP | 3.700 | 06/15/21 | 202,717 |
65 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 300,000 | Corporate Office Properties LP | 5.000 | % | 07/01/25 | $ | 315,792 | |||||||||||
350,000 | Crown Castle International Corp | 3.400 | 02/15/21 | 352,355 | ||||||||||||||
800,000 | Crown Castle International Corp | 2.250 | 09/01/21 | 788,796 | ||||||||||||||
150,000 | Crown Castle International Corp | 4.875 | 04/15/22 | 157,474 | ||||||||||||||
200,000 | Crown Castle International Corp | 5.250 | 01/15/23 | 212,113 | ||||||||||||||
1,375,000 | Crown Castle International Corp | 3.150 | 07/15/23 | 1,380,015 | ||||||||||||||
500,000 | Crown Castle International Corp | 3.200 | 09/01/24 | 498,521 | ||||||||||||||
975,000 | Crown Castle International Corp | 4.450 | 02/15/26 | 1,018,175 | ||||||||||||||
250,000 | Crown Castle International Corp | 3.700 | 06/15/26 | 253,103 | ||||||||||||||
100,000 | Crown Castle International Corp | 4.000 | 03/01/27 | 103,062 | ||||||||||||||
525,000 | Crown Castle International Corp | 3.650 | 09/01/27 | 523,064 | ||||||||||||||
775,000 | Crown Castle International Corp | 3.800 | 02/15/28 | 776,316 | ||||||||||||||
300,000 | Crown Castle International Corp | 4.300 | 02/15/29 | 311,084 | ||||||||||||||
500,000 | Crown Castle International Corp | 3.100 | 11/15/29 | 479,513 | ||||||||||||||
275,000 | Crown Castle International Corp | 3.300 | 07/01/30 | 272,742 | ||||||||||||||
200,000 | Crown Castle International Corp | 4.750 | 05/15/47 | 218,366 | ||||||||||||||
300,000 | Crown Castle International Corp | 5.200 | 02/15/49 | 338,419 | ||||||||||||||
500,000 | Crown Castle International Corp | 4.000 | 11/15/49 | 470,587 | ||||||||||||||
200,000 | Crown Castle International Corp | 4.150 | 07/01/50 | 197,800 | ||||||||||||||
100,000 | CubeSmart LP | 4.375 | 12/15/23 | 106,724 | ||||||||||||||
200,000 | CubeSmart LP | 3.125 | 09/01/26 | 198,500 | ||||||||||||||
100,000 | CubeSmart LP | 4.375 | 02/15/29 | 103,959 | ||||||||||||||
250,000 | CubeSmart LP | 3.000 | 02/15/30 | 233,032 | ||||||||||||||
150,000 | DDR Corp | 4.250 | 02/01/26 | 152,810 | ||||||||||||||
700,000 | Digital Realty Trust LP | 3.950 | 07/01/22 | 716,292 | ||||||||||||||
300,000 | Digital Realty Trust LP | 3.625 | 10/01/22 | 306,060 | ||||||||||||||
800,000 | Digital Realty Trust LP | 2.750 | 02/01/23 | 795,402 | ||||||||||||||
200,000 | Digital Realty Trust LP | 4.750 | 10/01/25 | 208,650 | ||||||||||||||
475,000 | Digital Realty Trust LP | 3.700 | 08/15/27 | 459,029 | ||||||||||||||
300,000 | Digital Realty Trust LP | 4.450 | 07/15/28 | 319,508 | ||||||||||||||
1,000,000 | Digital Realty Trust LP | 3.600 | 07/01/29 | 975,746 | ||||||||||||||
100,000 | Duke Realty LP | 3.875 | 10/15/22 | 103,620 | ||||||||||||||
100,000 | Duke Realty LP | 3.750 | 12/01/24 | 103,134 | ||||||||||||||
100,000 | Duke Realty LP | 3.250 | 06/30/26 | 99,974 | ||||||||||||||
1,000,000 | Duke Realty LP | 3.375 | 12/15/27 | 1,022,678 | ||||||||||||||
100,000 | Duke Realty LP | 4.000 | 09/15/28 | 103,700 | ||||||||||||||
225,000 | Duke Realty LP | 2.875 | 11/15/29 | 216,379 | ||||||||||||||
500,000 | Duke Realty LP | 3.050 | 03/01/50 | 402,851 | ||||||||||||||
700,000 | EPR Properties | 4.750 | 12/15/26 | 636,290 | ||||||||||||||
200,000 | EPR Properties | 4.500 | 06/01/27 | 179,368 | ||||||||||||||
1,000,000 | EPR Properties | 3.750 | 08/15/29 | 748,467 | ||||||||||||||
1,000,000 | Equinix, Inc | 2.625 | 11/18/24 | 933,790 | ||||||||||||||
650,000 | Equinix, Inc | 2.900 | 11/18/26 | 595,280 | ||||||||||||||
1,000,000 | Equinix, Inc | 3.200 | 11/18/29 | 926,010 | ||||||||||||||
200,000 | ERP Operating LP | 4.625 | 12/15/21 | 204,395 | ||||||||||||||
700,000 | ERP Operating LP | 3.375 | 06/01/25 | 725,005 | ||||||||||||||
200,000 | ERP Operating LP | 2.850 | 11/01/26 | 202,339 | ||||||||||||||
1,150,000 | ERP Operating LP | 3.250 | 08/01/27 | 1,146,264 | ||||||||||||||
500,000 | ERP Operating LP | 3.500 | 03/01/28 | 508,325 | ||||||||||||||
200,000 | ERP Operating LP | 4.150 | 12/01/28 | 215,606 | ||||||||||||||
750,000 | ERP Operating LP | 3.000 | 07/01/29 | 734,664 | ||||||||||||||
300,000 | ERP Operating LP | 2.500 | 02/15/30 | 278,656 | ||||||||||||||
425,000 | ERP Operating LP | 4.500 | 07/01/44 | 462,805 | ||||||||||||||
100,000 | ERP Operating LP | 4.000 | 08/01/47 | 99,910 |
66 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 100,000 | Essex Portfolio LP | 3.625 | % | 08/15/22 | $ | 99,088 | |||||||||||
100,000 | Essex Portfolio LP | 3.250 | 05/01/23 | 98,079 | ||||||||||||||
400,000 | Essex Portfolio LP | 3.500 | 04/01/25 | 401,424 | ||||||||||||||
100,000 | Essex Portfolio LP | 3.375 | 04/15/26 | 100,950 | ||||||||||||||
200,000 | Essex Portfolio LP | 3.625 | 05/01/27 | 203,197 | ||||||||||||||
900,000 | Essex Portfolio LP | 4.000 | 03/01/29 | 922,175 | ||||||||||||||
325,000 | Essex Portfolio LP | 3.000 | 01/15/30 | 308,076 | ||||||||||||||
400,000 | Essex Portfolio LP | 2.650 | 03/15/32 | 355,392 | ||||||||||||||
300,000 | Essex Portfolio LP | 4.500 | 03/15/48 | 316,841 | ||||||||||||||
200,000 | Federal Realty Investment Trust | 3.950 | 01/15/24 | 199,931 | ||||||||||||||
250,000 | Federal Realty Investment Trust | 3.250 | 07/15/27 | 246,700 | ||||||||||||||
1,300,000 | Federal Realty Investment Trust | 3.200 | 06/15/29 | 1,261,943 | ||||||||||||||
200,000 | Federal Realty Investment Trust | 4.500 | 12/01/44 | 219,620 | ||||||||||||||
100,000 | Healthcare Realty Trust, Inc | 3.625 | 01/15/28 | 100,286 | ||||||||||||||
100,000 | Healthcare Realty Trust, Inc | 2.400 | 03/15/30 | 88,785 | ||||||||||||||
100,000 | Healthcare Trust of America Holdings LP | 3.700 | 04/15/23 | 96,729 | ||||||||||||||
800,000 | Healthcare Trust of America Holdings LP | 3.500 | 08/01/26 | 791,164 | ||||||||||||||
500,000 | Healthcare Trust of America Holdings LP | 3.100 | 02/15/30 | 447,155 | ||||||||||||||
200,000 | Healthpeak Properties, Inc | 4.200 | 03/01/24 | 202,086 | ||||||||||||||
1,750,000 | Healthpeak Properties, Inc | 3.875 | 08/15/24 | 1,783,691 | ||||||||||||||
250,000 | Healthpeak Properties, Inc | 4.000 | 06/01/25 | 255,490 | ||||||||||||||
100,000 | Healthpeak Properties, Inc | 3.250 | 07/15/26 | 99,949 | ||||||||||||||
600,000 | Healthpeak Properties, Inc | 3.500 | 07/15/29 | 586,914 | ||||||||||||||
1,000,000 | Healthpeak Properties, Inc | 3.000 | 01/15/30 | 938,310 | ||||||||||||||
30,000 | Healthpeak Properties, Inc | 6.750 | 02/01/41 | 37,515 | ||||||||||||||
100,000 | Highwoods Realty LP | 3.875 | 03/01/27 | 99,644 | ||||||||||||||
150,000 | Highwoods Realty LP | 4.125 | 03/15/28 | 161,288 | ||||||||||||||
250,000 | Highwoods Realty LP | 4.200 | 04/15/29 | 255,890 | ||||||||||||||
500,000 | Highwoods Realty LP | 3.050 | 02/15/30 | 452,048 | ||||||||||||||
400,000 | Hospitality Properties Trust | 4.250 | 02/15/21 | 380,327 | ||||||||||||||
100,000 | Hospitality Properties Trust | 5.000 | 08/15/22 | 71,546 | ||||||||||||||
300,000 | Hospitality Properties Trust | 4.500 | 06/15/23 | 225,338 | ||||||||||||||
700,000 | Hospitality Properties Trust | 4.650 | 03/15/24 | 512,623 | ||||||||||||||
500,000 | Hospitality Properties Trust | 4.350 | 10/01/24 | 367,078 | ||||||||||||||
500,000 | Hospitality Properties Trust | 4.750 | 10/01/26 | 379,285 | ||||||||||||||
100,000 | Hospitality Properties Trust | 4.950 | 02/15/27 | 75,817 | ||||||||||||||
300,000 | Hospitality Properties Trust | 3.950 | 01/15/28 | 223,029 | ||||||||||||||
500,000 | Hospitality Properties Trust | 4.950 | 10/01/29 | 433,438 | ||||||||||||||
300,000 | Hospitality Properties Trust | 4.375 | 02/15/30 | 227,427 | ||||||||||||||
600,000 | Host Hotels & Resorts LP | 3.750 | 10/15/23 | 526,639 | ||||||||||||||
700,000 | Host Hotels & Resorts LP | 3.875 | 04/01/24 | 659,693 | ||||||||||||||
200,000 | Host Hotels & Resorts LP | 4.000 | 06/15/25 | 185,987 | ||||||||||||||
100,000 | Host Hotels & Resorts LP | 4.500 | 02/01/26 | 93,487 | ||||||||||||||
500,000 | Host Hotels & Resorts LP | 3.375 | 12/15/29 | 421,636 | ||||||||||||||
100,000 | Hudson Pacific Properties LP | 3.950 | 11/01/27 | 95,280 | ||||||||||||||
100,000 | Hudson Pacific Properties LP | 4.650 | 04/01/29 | 102,623 | ||||||||||||||
750,000 | Hudson Pacific Properties LP | 3.250 | 01/15/30 | 694,387 | ||||||||||||||
250,000 | Kilroy Realty LP | 3.800 | 01/15/23 | 254,454 | ||||||||||||||
125,000 | Kilroy Realty LP | 3.450 | 12/15/24 | 122,671 | ||||||||||||||
250,000 | Kilroy Realty LP | 4.750 | 12/15/28 | 260,682 | ||||||||||||||
200,000 | Kilroy Realty LP | 4.250 | 08/15/29 | 205,488 | ||||||||||||||
750,000 | Kilroy Realty LP | 3.050 | 02/15/30 | 687,400 | ||||||||||||||
200,000 | Kimco Realty Corp | 3.200 | 05/01/21 | 196,784 |
67 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 100,000 | Kimco Realty Corp | 3.400 | % | 11/01/22 | $ | 98,921 | |||||||||||
300,000 | Kimco Realty Corp | 3.125 | 06/01/23 | 287,716 | ||||||||||||||
200,000 | Kimco Realty Corp | 2.700 | 03/01/24 | 198,236 | ||||||||||||||
1,175,000 | Kimco Realty Corp | 3.300 | 02/01/25 | 1,182,516 | ||||||||||||||
625,000 | Kimco Realty Corp | 2.800 | 10/01/26 | 609,738 | ||||||||||||||
200,000 | Kimco Realty Corp | 3.800 | 04/01/27 | 198,407 | ||||||||||||||
200,000 | Kimco Realty Corp | 4.250 | 04/01/45 | 181,242 | ||||||||||||||
175,000 | Kimco Realty Corp | 4.125 | 12/01/46 | 152,452 | ||||||||||||||
100,000 | Kimco Realty Corp | 4.450 | 09/01/47 | 90,404 | ||||||||||||||
500,000 | Kimco Realty Corp | 3.700 | 10/01/49 | 407,633 | ||||||||||||||
200,000 | Life Storage LP | 3.875 | 12/15/27 | 179,854 | ||||||||||||||
500,000 | Life Storage LP | 4.000 | 06/15/29 | 508,207 | ||||||||||||||
200,000 | Mid-America Apartments LP | 4.300 | 10/15/23 | 198,866 | ||||||||||||||
100,000 | Mid-America Apartments LP | 4.000 | 11/15/25 | 104,109 | ||||||||||||||
750,000 | Mid-America Apartments LP | 3.600 | 06/01/27 | 754,779 | ||||||||||||||
200,000 | Mid-America Apartments LP | 4.200 | 06/15/28 | 207,798 | ||||||||||||||
625,000 | Mid-America Apartments LP | 3.950 | 03/15/29 | 637,477 | ||||||||||||||
175,000 | Mid-America Apartments LP | 2.750 | 03/15/30 | 162,050 | ||||||||||||||
2,550,000 | National Retail Properties, Inc | 3.500 | 10/15/27 | 2,519,790 | ||||||||||||||
300,000 | National Retail Properties, Inc | 2.500 | 04/15/30 | 267,223 | ||||||||||||||
500,000 | National Retail Properties, Inc | 3.100 | 04/15/50 | 389,307 | ||||||||||||||
1,200,000 | OMEGA Healthcare Investors, Inc | 4.375 | 08/01/23 | 1,192,824 | ||||||||||||||
200,000 | OMEGA Healthcare Investors, Inc | 4.500 | 04/01/27 | 197,724 | ||||||||||||||
825,000 | OMEGA Healthcare Investors, Inc | 4.750 | 01/15/28 | 883,670 | ||||||||||||||
500,000 | OMEGA Healthcare Investors, Inc | 3.625 | 10/01/29 | 437,862 | ||||||||||||||
200,000 | Physicians Realty LP | 4.300 | 03/15/27 | 186,437 | ||||||||||||||
200,000 | Physicians Realty LP | 3.950 | 01/15/28 | 189,765 | ||||||||||||||
200,000 | Piedmont Operating Partnership LP | 3.400 | 06/01/23 | 200,607 | ||||||||||||||
200,000 | Piedmont Operating Partnership LP | 4.450 | 03/15/24 | 202,778 | ||||||||||||||
150,000 | ProLogis LP | 4.250 | 08/15/23 | 158,074 | ||||||||||||||
700,000 | ProLogis LP | 3.750 | 11/01/25 | 742,925 | ||||||||||||||
100,000 | ProLogis LP | 3.250 | 10/01/26 | 102,191 | ||||||||||||||
500,000 | ProLogis LP | 2.125 | 04/15/27 | 475,821 | ||||||||||||||
1,200,000 | ProLogis LP | 3.875 | 09/15/28 | 1,241,995 | ||||||||||||||
100,000 | ProLogis LP | 4.375 | 02/01/29 | 112,288 | ||||||||||||||
500,000 | ProLogis LP | 2.250 | 04/15/30 | 457,443 | ||||||||||||||
100,000 | ProLogis LP | 4.375 | 09/15/48 | 104,343 | ||||||||||||||
500,000 | ProLogis LP | 3.000 | 04/15/50 | 432,036 | ||||||||||||||
200,000 | Public Storage | 2.370 | 09/15/22 | 197,578 | ||||||||||||||
200,000 | Public Storage | 3.094 | 09/15/27 | 186,815 | ||||||||||||||
500,000 | Public Storage | 3.385 | 05/01/29 | 501,739 | ||||||||||||||
200,000 | Rayonier, Inc | 3.750 | 04/01/22 | 192,332 | ||||||||||||||
850,000 | Realty Income Corp | 3.250 | 10/15/22 | 853,282 | ||||||||||||||
500,000 | Realty Income Corp | 4.650 | 08/01/23 | 524,657 | ||||||||||||||
200,000 | Realty Income Corp | 3.875 | 04/15/25 | 204,553 | ||||||||||||||
200,000 | Realty Income Corp | 4.125 | 10/15/26 | 207,302 | ||||||||||||||
200,000 | Realty Income Corp | 3.000 | 01/15/27 | 189,605 | ||||||||||||||
1,000,000 | Realty Income Corp | 3.650 | 01/15/28 | 991,239 | ||||||||||||||
500,000 | Realty Income Corp | 3.250 | 06/15/29 | 481,383 | ||||||||||||||
300,000 | Realty Income Corp | 4.650 | 03/15/47 | 316,773 | ||||||||||||||
200,000 | Regency Centers Corp | 3.750 | 11/15/22 | 196,000 | ||||||||||||||
375,000 | Regency Centers LP | 3.600 | 02/01/27 | 377,666 | ||||||||||||||
125,000 | Regency Centers LP | 4.125 | 03/15/28 | 126,134 | ||||||||||||||
425,000 | �� | Regency Centers LP | 2.950 | 09/15/29 | 400,668 |
68 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 200,000 | Regency Centers LP | 4.400 | % | 02/01/47 | $ | 204,953 | |||||||||||
300,000 | Regency Centers LP | 4.650 | 03/15/49 | 320,571 | ||||||||||||||
300,000 | Sabra Health Care LP | 4.800 | 06/01/24 | 304,500 | ||||||||||||||
300,000 | Sabra Health Care LP | 5.125 | 08/15/26 | 283,759 | ||||||||||||||
200,000 | Select Income REIT | 4.150 | 02/01/22 | 203,097 | ||||||||||||||
500,000 | Select Income REIT | 4.250 | 05/15/24 | 483,763 | ||||||||||||||
200,000 | Select Income REIT | 4.500 | 02/01/25 | 195,720 | ||||||||||||||
300,000 | Simon Property Group LP | 2.500 | 07/15/21 | 295,883 | ||||||||||||||
2,850,000 | Simon Property Group LP | 2.350 | 01/30/22 | 2,802,166 | ||||||||||||||
200,000 | Simon Property Group LP | 2.625 | 06/15/22 | 196,929 | ||||||||||||||
1,300,000 | Simon Property Group LP | 2.750 | 06/01/23 | 1,281,215 | ||||||||||||||
500,000 | Simon Property Group LP | 2.000 | 09/13/24 | 479,861 | ||||||||||||||
450,000 | Simon Property Group LP | 3.375 | 10/01/24 | 448,255 | ||||||||||||||
300,000 | Simon Property Group LP | 3.500 | 09/01/25 | 302,242 | ||||||||||||||
625,000 | Simon Property Group LP | 3.300 | 01/15/26 | 633,984 | ||||||||||||||
350,000 | Simon Property Group LP | 3.250 | 11/30/26 | 345,262 | ||||||||||||||
200,000 | Simon Property Group LP | 3.375 | 06/15/27 | 197,214 | ||||||||||||||
300,000 | Simon Property Group LP | 3.375 | 12/01/27 | 297,287 | ||||||||||||||
1,750,000 | Simon Property Group LP | 2.450 | 09/13/29 | 1,615,985 | ||||||||||||||
1,500,000 | Simon Property Group LP | 4.250 | 10/01/44 | 1,410,812 | ||||||||||||||
300,000 | Simon Property Group LP | 4.250 | 11/30/46 | 270,532 | ||||||||||||||
500,000 | Simon Property Group LP | 3.250 | 09/13/49 | 402,790 | ||||||||||||||
200,000 | SITE Centers Corp | 4.700 | 06/01/27 | 206,900 | ||||||||||||||
200,000 | SL Green Operating Partnership LP | 3.250 | 10/15/22 | 198,997 | ||||||||||||||
200,000 | SL Green Realty Corp | 4.500 | 12/01/22 | 205,386 | ||||||||||||||
525,000 | Sovran Acquisition LP | 3.500 | 07/01/26 | 500,565 | ||||||||||||||
300,000 | Spirit Realty LP | 3.200 | 01/15/27 | 272,791 | ||||||||||||||
500,000 | Spirit Realty LP | 4.000 | 07/15/29 | 489,109 | ||||||||||||||
300,000 | Spirit Realty LP | 3.400 | 01/15/30 | 258,057 | ||||||||||||||
500,000 | STORE Capital Corp | 4.625 | 03/15/29 | 504,940 | ||||||||||||||
100,000 | Tanger Properties LP | 3.125 | 09/01/26 | 97,119 | ||||||||||||||
250,000 | Tanger Properties LP | 3.875 | 07/15/27 | 242,924 | ||||||||||||||
200,000 | UDR, Inc | 4.000 | 10/01/25 | 211,307 | ||||||||||||||
200,000 | UDR, Inc | 3.500 | 07/01/27 | 194,305 | ||||||||||||||
200,000 | UDR, Inc | 3.500 | 01/15/28 | 204,240 | ||||||||||||||
600,000 | UDR, Inc | 3.200 | 01/15/30 | 591,101 | ||||||||||||||
750,000 | UDR, Inc | 3.000 | 08/15/31 | 717,592 | ||||||||||||||
300,000 | UDR, Inc | 3.100 | 11/01/34 | 273,454 | ||||||||||||||
850,000 | Ventas Realty LP | 3.250 | 08/15/22 | 855,589 | ||||||||||||||
200,000 | Ventas Realty LP | 3.100 | 01/15/23 | 195,937 | ||||||||||||||
800,000 | Ventas Realty LP | 3.125 | 06/15/23 | 835,843 | ||||||||||||||
300,000 | Ventas Realty LP | 3.500 | 04/15/24 | 293,043 | ||||||||||||||
750,000 | Ventas Realty LP | 2.650 | 01/15/25 | 720,214 | ||||||||||||||
120,000 | Ventas Realty LP | 4.125 | 01/15/26 | 119,802 | ||||||||||||||
200,000 | Ventas Realty LP | 3.250 | 10/15/26 | 188,994 | ||||||||||||||
1,000,000 | Ventas Realty LP | 4.000 | 03/01/28 | 940,909 | ||||||||||||||
525,000 | Ventas Realty LP | 4.400 | 01/15/29 | 522,487 | ||||||||||||||
350,000 | Ventas Realty LP | 3.000 | 01/15/30 | 312,747 | ||||||||||||||
500,000 | Ventas Realty LP | 4.750 | 11/15/30 | 491,102 | ||||||||||||||
300,000 | Ventas Realty LP | 4.375 | 02/01/45 | 273,180 | ||||||||||||||
300,000 | Ventas Realty LP | 4.875 | 04/15/49 | 315,422 | ||||||||||||||
200,000 | Vornado Realty LP | 3.500 | 01/15/25 | 196,575 | ||||||||||||||
100,000 | Washington REIT | 3.950 | 10/15/22 | 102,545 |
69 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 100,000 | Weingarten Realty Investors | 3.375 | % | 10/15/22 | $ | 102,529 | |||||||||||
100,000 | Weingarten Realty Investors | 3.500 | 04/15/23 | 102,278 | ||||||||||||||
500,000 | Welltower, Inc | 3.950 | 09/01/23 | 495,186 | ||||||||||||||
2,000,000 | Welltower, Inc | 3.625 | 03/15/24 | 1,963,252 | ||||||||||||||
1,700,000 | Welltower, Inc | 4.000 | 06/01/25 | 1,720,325 | ||||||||||||||
600,000 | Welltower, Inc | 4.250 | 04/01/26 | 617,995 | ||||||||||||||
500,000 | Welltower, Inc | 2.700 | 02/15/27 | 475,445 | ||||||||||||||
600,000 | Welltower, Inc | 4.250 | 04/15/28 | 605,079 | ||||||||||||||
500,000 | Welltower, Inc | 4.125 | 03/15/29 | 510,996 | ||||||||||||||
425,000 | Welltower, Inc | 3.100 | 01/15/30 | 401,930 | ||||||||||||||
300,000 | Welltower, Inc | 4.950 | 09/01/48 | 302,437 | ||||||||||||||
400,000 | Weyerhaeuser Co | 4.700 | 03/15/21 | 403,664 | ||||||||||||||
300,000 | Weyerhaeuser Co | 3.250 | 03/15/23 | 297,940 | ||||||||||||||
200,000 | Weyerhaeuser Co | 4.625 | 09/15/23 | 207,466 | ||||||||||||||
500,000 | Weyerhaeuser Co | 4.000 | 11/15/29 | 506,430 | ||||||||||||||
500,000 | Weyerhaeuser Co | 4.000 | 04/15/30 | 502,033 | ||||||||||||||
1,075,000 | Weyerhaeuser Co | 7.375 | 03/15/32 | 1,268,638 | ||||||||||||||
200,000 | WP Carey, Inc | 4.600 | 04/01/24 | 200,527 | ||||||||||||||
347,000 | WP Carey, Inc | 4.000 | 02/01/25 | 357,154 | ||||||||||||||
1,000,000 | WP Carey, Inc | 3.850 | 07/15/29 | 975,630 | ||||||||||||||
TOTAL REAL ESTATE | 135,665,594 | |||||||||||||||||
RETAILING - 0.6% | ||||||||||||||||||
250,000 | Advance Auto Parts, Inc | 4.500 | 12/01/23 | 256,865 | ||||||||||||||
500,000 | Alibaba Group Holding Ltd | 3.125 | 11/28/21 | 506,528 | ||||||||||||||
1,200,000 | Alibaba Group Holding Ltd | 2.800 | 06/06/23 | 1,220,164 | ||||||||||||||
1,250,000 | Alibaba Group Holding Ltd | 3.600 | 11/28/24 | 1,319,043 | ||||||||||||||
2,325,000 | Alibaba Group Holding Ltd | 3.400 | 12/06/27 | 2,439,348 | ||||||||||||||
500,000 | Alibaba Group Holding Ltd | 4.500 | 11/28/34 | 596,001 | ||||||||||||||
750,000 | Alibaba Group Holding Ltd | 4.000 | 12/06/37 | 848,347 | ||||||||||||||
1,500,000 | Alibaba Group Holding Ltd | 4.200 | 12/06/47 | 1,831,429 | ||||||||||||||
750,000 | Alibaba Group Holding Ltd | 4.400 | 12/06/57 | 996,759 | ||||||||||||||
500,000 | Allegion plc | 3.500 | 10/01/29 | 484,872 | ||||||||||||||
200,000 | Allegion US Holding Co, Inc | 3.200 | 10/01/24 | 189,947 | ||||||||||||||
200,000 | Allegion US Holding Co, Inc | 3.550 | 10/01/27 | 198,293 | ||||||||||||||
300,000 | Amazon.com, Inc | 3.300 | 12/05/21 | 310,302 | ||||||||||||||
850,000 | Amazon.com, Inc | 2.500 | 11/29/22 | 877,713 | ||||||||||||||
1,650,000 | Amazon.com, Inc | 2.400 | 02/22/23 | 1,716,004 | ||||||||||||||
1,125,000 | Amazon.com, Inc | 2.800 | 08/22/24 | 1,193,595 | ||||||||||||||
425,000 | Amazon.com, Inc | 3.800 | 12/05/24 | 471,134 | ||||||||||||||
325,000 | Amazon.com, Inc | 5.200 | 12/03/25 | 389,089 | ||||||||||||||
2,700,000 | Amazon.com, Inc | 3.150 | 08/22/27 | 2,957,273 | ||||||||||||||
1,800,000 | Amazon.com, Inc | 4.800 | 12/05/34 | 2,336,695 | ||||||||||||||
2,625,000 | Amazon.com, Inc | 3.875 | 08/22/37 | 3,146,089 | ||||||||||||||
775,000 | Amazon.com, Inc | 4.950 | 12/05/44 | 1,070,643 | ||||||||||||||
1,875,000 | Amazon.com, Inc | 4.050 | 08/22/47 | 2,393,491 | ||||||||||||||
1,900,000 | Amazon.com, Inc | 4.250 | 08/22/57 | 2,626,953 | ||||||||||||||
100,000 | AutoNation, Inc | 3.350 | 01/15/21 | 99,498 | ||||||||||||||
200,000 | AutoNation, Inc | 3.500 | 11/15/24 | 184,924 | ||||||||||||||
244,000 | AutoNation, Inc | 4.500 | 10/01/25 | 237,513 | ||||||||||||||
200,000 | AutoNation, Inc | 3.800 | 11/15/27 | 177,406 | ||||||||||||||
100,000 | AutoZone, Inc | 4.000 | 11/15/20 | 99,977 | ||||||||||||||
442,000 | AutoZone, Inc | 3.700 | 04/15/22 | 451,426 | ||||||||||||||
300,000 | AutoZone, Inc | 2.875 | 01/15/23 | 298,597 |
70 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 150,000 | AutoZone, Inc | 3.125 | % | 07/15/23 | $ | 150,069 | |||||||||||
250,000 | AutoZone, Inc | 3.125 | 04/18/24 | 251,485 | ||||||||||||||
200,000 | AutoZone, Inc | 3.250 | 04/15/25 | 199,376 | ||||||||||||||
500,000 | AutoZone, Inc | 3.625 | 04/15/25 | 506,938 | ||||||||||||||
100,000 | AutoZone, Inc | 3.125 | 04/21/26 | 99,327 | ||||||||||||||
650,000 | AutoZone, Inc | 3.750 | 06/01/27 | 652,085 | ||||||||||||||
200,000 | AutoZone, Inc | 3.750 | 04/18/29 | 202,705 | ||||||||||||||
500,000 | AutoZone, Inc | 4.000 | 04/15/30 | 510,278 | ||||||||||||||
500,000 | Best Buy Co, Inc | 4.450 | 10/01/28 | 513,143 | ||||||||||||||
375,000 | Dollar General Corp | 3.250 | 04/15/23 | 381,340 | ||||||||||||||
355,000 | Dollar General Corp | 4.150 | 11/01/25 | 379,494 | ||||||||||||||
300,000 | Dollar General Corp | 3.875 | 04/15/27 | 308,004 | ||||||||||||||
500,000 | Dollar General Corp | 4.125 | 05/01/28 | 528,509 | ||||||||||||||
1,500,000 | Dollar Tree, Inc | 3.700 | 05/15/23 | 1,523,878 | ||||||||||||||
500,000 | Dollar Tree, Inc | 4.000 | 05/15/25 | 512,166 | ||||||||||||||
500,000 | Dollar Tree, Inc | 4.200 | 05/15/28 | 499,303 | ||||||||||||||
500,000 | Home Depot, Inc | 2.000 | 04/01/21 | 500,665 | ||||||||||||||
350,000 | Home Depot, Inc | 4.400 | 04/01/21 | 356,267 | ||||||||||||||
850,000 | Home Depot, Inc | 3.250 | 03/01/22 | 879,200 | ||||||||||||||
700,000 | Home Depot, Inc | 2.625 | 06/01/22 | 712,013 | ||||||||||||||
800,000 | Home Depot, Inc | 2.700 | 04/01/23 | 824,944 | ||||||||||||||
550,000 | Home Depot, Inc | 3.750 | 02/15/24 | 580,782 | ||||||||||||||
350,000 | Home Depot, Inc | 3.350 | 09/15/25 | 376,559 | ||||||||||||||
1,925,000 | Home Depot, Inc | 3.000 | 04/01/26 | 2,031,315 | ||||||||||||||
1,550,000 | Home Depot, Inc | 2.125 | 09/15/26 | 1,559,892 | ||||||||||||||
825,000 | Home Depot, Inc | 3.900 | 12/06/28 | 915,943 | ||||||||||||||
2,333,000 | Home Depot, Inc | 2.950 | 06/15/29 | 2,413,606 | ||||||||||||||
375,000 | Home Depot, Inc | 2.700 | 04/15/30 | 382,176 | ||||||||||||||
425,000 | Home Depot, Inc | 5.875 | 12/16/36 | 577,144 | ||||||||||||||
150,000 | Home Depot, Inc | 5.950 | 04/01/41 | 210,141 | ||||||||||||||
675,000 | Home Depot, Inc | 4.200 | 04/01/43 | 784,308 | ||||||||||||||
450,000 | Home Depot, Inc | 4.875 | 02/15/44 | 556,888 | ||||||||||||||
650,000 | Home Depot, Inc | 4.400 | 03/15/45 | 763,403 | ||||||||||||||
725,000 | Home Depot, Inc | 4.250 | 04/01/46 | 866,069 | ||||||||||||||
2,100,000 | Home Depot, Inc | 3.900 | 06/15/47 | 2,361,715 | ||||||||||||||
2,000,000 | Home Depot, Inc | 4.500 | 12/06/48 | 2,455,713 | ||||||||||||||
1,000,000 | Home Depot, Inc | 3.125 | 12/15/49 | 1,004,702 | ||||||||||||||
300,000 | Home Depot, Inc | 3.350 | 04/15/50 | 326,207 | ||||||||||||||
675,000 | Home Depot, Inc | 3.500 | 09/15/56 | 684,083 | ||||||||||||||
1,000,000 | JD.com, Inc | 3.875 | 04/29/26 | 976,633 | ||||||||||||||
500,000 | JD.com, Inc | 3.375 | 01/14/30 | 498,247 | ||||||||||||||
500,000 | JD.com, Inc | 4.125 | 01/14/50 | 506,542 | ||||||||||||||
1,000,000 | Kohl’s Corp | 3.250 | 02/01/23 | 847,826 | ||||||||||||||
55,000 | Kohl’s Corp | 4.750 | 12/15/23 | 48,559 | ||||||||||||||
200,000 | Kohl’s Corp | 4.250 | 07/17/25 | 172,748 | ||||||||||||||
200,000 | Kohl’s Corp | 5.550 | 07/17/45 | 135,520 | ||||||||||||||
200,000 | Lowe’s Cos, Inc | 3.800 | 11/15/21 | 203,422 | ||||||||||||||
1,025,000 | Lowe’s Cos, Inc | 3.120 | 04/15/22 | 1,016,948 | ||||||||||||||
300,000 | Lowe’s Cos, Inc | 3.875 | 09/15/23 | 305,129 | ||||||||||||||
400,000 | Lowe’s Cos, Inc | 3.125 | 09/15/24 | 406,198 | ||||||||||||||
1,100,000 | Lowe’s Cos, Inc | 3.375 | 09/15/25 | 1,099,247 | ||||||||||||||
500,000 | Lowe’s Cos, Inc | 2.500 | 04/15/26 | 496,361 | ||||||||||||||
775,000 | Lowe’s Cos, Inc | 3.650 | 04/05/29 | 798,085 |
71 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 100,000 | Lowe’s Cos, Inc | 4.650 | % | 04/15/42 | $ | 109,262 | |||||||||||
200,000 | Lowe’s Cos, Inc | 4.250 | 09/15/44 | 188,934 | ||||||||||||||
200,000 | Lowe’s Cos, Inc | 4.375 | 09/15/45 | 204,348 | ||||||||||||||
1,075,000 | Lowe’s Cos, Inc | 3.700 | 04/15/46 | 996,079 | ||||||||||||||
2,000,000 | Lowe’s Cos, Inc | 4.050 | 05/03/47 | 1,982,777 | ||||||||||||||
1,425,000 | Lowe’s Cos, Inc | 4.550 | 04/05/49 | 1,576,942 | ||||||||||||||
200,000 | Macy’s Retail Holdings, Inc | 3.450 | 01/15/21 | 159,748 | ||||||||||||||
307,000 | Macy’s Retail Holdings, Inc | 3.875 | 01/15/22 | 219,445 | ||||||||||||||
1,125,000 | Macy’s Retail Holdings, Inc | 2.875 | 02/15/23 | 809,589 | ||||||||||||||
300,000 | Macy’s Retail Holdings, Inc | 3.625 | 06/01/24 | 201,023 | ||||||||||||||
24,000 | Macy’s Retail Holdings, Inc | 4.500 | 12/15/34 | 14,649 | ||||||||||||||
100,000 | Nordstrom, Inc | 4.000 | 10/15/21 | 96,748 | ||||||||||||||
700,000 | Nordstrom, Inc | 4.000 | 03/15/27 | 577,388 | ||||||||||||||
500,000 | Nordstrom, Inc | 4.375 | 04/01/30 | 400,178 | ||||||||||||||
531,000 | Nordstrom, Inc | 5.000 | 01/15/44 | 371,626 | ||||||||||||||
150,000 | O’Reilly Automotive, Inc | 4.875 | 01/14/21 | 149,059 | ||||||||||||||
900,000 | O’Reilly Automotive, Inc | 3.800 | 09/01/22 | 905,159 | ||||||||||||||
1,000,000 | O’Reilly Automotive, Inc | 3.600 | 09/01/27 | 960,852 | ||||||||||||||
300,000 | O’Reilly Automotive, Inc | 4.350 | 06/01/28 | 311,123 | ||||||||||||||
500,000 | O’Reilly Automotive, Inc | 3.900 | 06/01/29 | 499,988 | ||||||||||||||
200,000 | Priceline Group, Inc | 2.750 | 03/15/23 | 196,121 | ||||||||||||||
300,000 | Priceline Group, Inc | 3.650 | 03/15/25 | 301,155 | ||||||||||||||
300,000 | Priceline Group, Inc | 3.600 | 06/01/26 | 300,266 | ||||||||||||||
900,000 | Priceline Group, Inc | 3.550 | 03/15/28 | 912,642 | ||||||||||||||
100,000 | QVC, Inc | 5.125 | 07/02/22 | 83,884 | ||||||||||||||
100,000 | QVC, Inc | 4.375 | 03/15/23 | 94,565 | ||||||||||||||
1,200,000 | QVC, Inc | 4.450 | 02/15/25 | 987,394 | ||||||||||||||
150,000 | QVC, Inc | 5.950 | 03/15/43 | 101,844 | ||||||||||||||
350,000 | Target Corp | 3.500 | 07/01/24 | 373,830 | ||||||||||||||
200,000 | Target Corp | 2.250 | 04/15/25 | 203,047 | ||||||||||||||
1,700,000 | Target Corp | 2.500 | 04/15/26 | 1,725,166 | ||||||||||||||
1,500,000 | Target Corp | 3.375 | 04/15/29 | 1,621,098 | ||||||||||||||
600,000 | Target Corp | 2.350 | 02/15/30 | 604,224 | ||||||||||||||
100,000 | Target Corp | 2.650 | 09/15/30 | 102,391 | ||||||||||||||
975,000 | Target Corp | 4.000 | 07/01/42 | 1,107,610 | ||||||||||||||
225,000 | Target Corp | 3.625 | 04/15/46 | 251,366 | ||||||||||||||
1,500,000 | Target Corp | 3.900 | 11/15/47 | 1,766,068 | ||||||||||||||
1,000,000 | TJX Cos, Inc | 2.750 | 06/15/21 | 1,003,470 | ||||||||||||||
300,000 | TJX Cos, Inc | 2.500 | 05/15/23 | 296,733 | ||||||||||||||
525,000 | TJX Cos, Inc | 2.250 | 09/15/26 | 509,020 | ||||||||||||||
500,000 | TJX Cos, Inc | 3.750 | 04/15/27 | 513,430 | ||||||||||||||
500,000 | TJX Cos, Inc | 3.875 | 04/15/30 | 517,374 | ||||||||||||||
TOTAL RETAILING | 93,086,833 | |||||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.3% | ||||||||||||||||||
200,000 | Altera Corp | 4.100 | 11/15/23 | 218,114 | ||||||||||||||
500,000 | Analog Devices, Inc | 2.950 | 01/12/21 | 500,541 | ||||||||||||||
300,000 | Analog Devices, Inc | 2.500 | 12/05/21 | 302,874 | ||||||||||||||
325,000 | Analog Devices, Inc | 3.125 | 12/05/23 | 330,097 | ||||||||||||||
1,175,000 | Analog Devices, Inc | 3.500 | 12/05/26 | 1,188,569 | ||||||||||||||
100,000 | Analog Devices, Inc | 4.500 | 12/05/36 | 107,474 | ||||||||||||||
200,000 | Analog Devices, Inc | 5.300 | 12/15/45 | 263,760 | ||||||||||||||
1,000,000 | g | Broadcom, Inc | 3.125 | 04/15/21 | 987,743 | |||||||||||||
1,150,000 | g | Broadcom, Inc | 3.125 | 10/15/22 | 1,138,679 |
72 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 2,400,000 | g | Broadcom, Inc | 3.625 | % | 10/15/24 | $ | 2,355,839 | ||||||||||
1,600,000 | g | Broadcom, Inc | 4.250 | 04/15/26 | 1,625,869 | |||||||||||||
3,000,000 | g | Broadcom, Inc | 4.750 | 04/15/29 | 3,047,064 | |||||||||||||
1,050,000 | Intel Corp | 1.700 | 05/19/21 | 1,049,988 | ||||||||||||||
1,600,000 | Intel Corp | 3.100 | 07/29/22 | 1,660,475 | ||||||||||||||
1,700,000 | Intel Corp | 2.700 | 12/15/22 | 1,768,669 | ||||||||||||||
2,050,000 | Intel Corp | 3.700 | 07/29/25 | 2,260,971 | ||||||||||||||
2,480,000 | Intel Corp | 2.600 | 05/19/26 | 2,620,735 | ||||||||||||||
250,000 | Intel Corp | 4.000 | 12/15/32 | 293,972 | ||||||||||||||
200,000 | Intel Corp | 4.100 | 05/19/46 | 241,558 | ||||||||||||||
675,000 | Intel Corp | 4.100 | 05/11/47 | 821,080 | ||||||||||||||
3,328,000 | Intel Corp | 3.734 | 12/08/47 | 3,886,885 | ||||||||||||||
2,500,000 | Intel Corp | 3.250 | 11/15/49 | 2,707,685 | ||||||||||||||
1,000,000 | Intel Corp | 3.100 | 02/15/60 | 1,084,530 | ||||||||||||||
350,000 | Marvell Technology Group Ltd | 4.200 | 06/22/23 | 357,802 | ||||||||||||||
350,000 | Marvell Technology Group Ltd | 4.875 | 06/22/28 | 362,622 | ||||||||||||||
200,000 | Maxim Integrated Products, Inc | 3.375 | 03/15/23 | 204,070 | ||||||||||||||
400,000 | Maxim Integrated Products, Inc | 3.450 | 06/15/27 | 409,812 | ||||||||||||||
1,000,000 | Microchip Technology, Inc | 4.333 | 06/01/23 | 996,866 | ||||||||||||||
475,000 | Micron Technology, Inc | 4.640 | 02/06/24 | 482,547 | ||||||||||||||
425,000 | Micron Technology, Inc | 4.975 | 02/06/26 | 445,520 | ||||||||||||||
750,000 | Micron Technology, Inc | 4.185 | 02/15/27 | 759,012 | ||||||||||||||
400,000 | Micron Technology, Inc | 5.327 | 02/06/29 | 438,460 | ||||||||||||||
500,000 | Micron Technology, Inc | 4.663 | 02/15/30 | 522,637 | ||||||||||||||
525,000 | NVIDIA Corp | 2.200 | 09/16/21 | 529,478 | ||||||||||||||
800,000 | NVIDIA Corp | 3.200 | 09/16/26 | 864,991 | ||||||||||||||
750,000 | NVIDIA Corp | 2.850 | 04/01/30 | 779,505 | ||||||||||||||
750,000 | NVIDIA Corp | 3.500 | 04/01/50 | 818,793 | ||||||||||||||
475,000 | g | NXP BV | 4.875 | 03/01/24 | 507,148 | |||||||||||||
425,000 | g | NXP BV | 5.350 | 03/01/26 | 459,447 | |||||||||||||
750,000 | g | NXP BV | 3.875 | 06/18/26 | 729,461 | |||||||||||||
400,000 | g | NXP BV | 5.550 | 12/01/28 | 449,841 | |||||||||||||
750,000 | g | NXP BV | 4.300 | 06/18/29 | 767,870 | |||||||||||||
100,000 | Texas Instruments, Inc | 2.625 | 05/15/24 | 104,272 | ||||||||||||||
325,000 | Texas Instruments, Inc | 1.375 | 03/12/25 | 321,806 | ||||||||||||||
350,000 | Texas Instruments, Inc | 2.900 | 11/03/27 | 370,351 | ||||||||||||||
1,000,000 | Texas Instruments, Inc | 2.250 | 09/04/29 | 1,009,323 | ||||||||||||||
350,000 | Texas Instruments, Inc | 3.875 | 03/15/39 | 403,059 | ||||||||||||||
1,200,000 | Texas Instruments, Inc | 4.150 | 05/15/48 | 1,484,142 | ||||||||||||||
400,000 | Xilinx, Inc | 3.000 | 03/15/21 | 399,865 | ||||||||||||||
475,000 | Xilinx, Inc | 2.950 | 06/01/24 | 473,459 | ||||||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 45,915,330 | |||||||||||||||||
SOFTWARE & SERVICES - 0.9% | ||||||||||||||||||
525,000 | Activision Blizzard, Inc | 2.300 | 09/15/21 | 528,630 | ||||||||||||||
100,000 | Activision Blizzard, Inc | 2.600 | 06/15/22 | 100,703 | ||||||||||||||
475,000 | Activision Blizzard, Inc | 3.400 | 09/15/26 | 500,901 | ||||||||||||||
300,000 | Activision Blizzard, Inc | 3.400 | 06/15/27 | 311,140 | ||||||||||||||
300,000 | Activision Blizzard, Inc | 4.500 | 06/15/47 | 380,188 | ||||||||||||||
775,000 | Adobe Systems, Inc | 3.250 | 02/01/25 | 837,173 | ||||||||||||||
125,000 | Adobe, Inc | 1.700 | 02/01/23 | 126,494 | ||||||||||||||
500,000 | Adobe, Inc | 1.900 | 02/01/25 | 504,442 | ||||||||||||||
1,000,000 | Adobe, Inc | 2.150 | 02/01/27 | 1,010,843 |
72 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 925,000 | Adobe, Inc | 2.300 | % | 02/01/30 | $ | 924,676 | |||||||||||
250,000 | Autodesk, Inc | 4.375 | 06/15/25 | 267,362 | ||||||||||||||
450,000 | Autodesk, Inc | 3.500 | 06/15/27 | 463,086 | ||||||||||||||
750,000 | Autodesk, Inc | 2.850 | 01/15/30 | 734,572 | ||||||||||||||
700,000 | Automatic Data Processing, Inc | 3.375 | 09/15/25 | 747,999 | ||||||||||||||
500,000 | Baidu, Inc | 3.000 | 06/30/20 | 500,643 | ||||||||||||||
900,000 | Baidu, Inc | 2.875 | 07/06/22 | 899,992 | ||||||||||||||
700,000 | Baidu, Inc | 3.875 | 09/29/23 | 723,112 | ||||||||||||||
525,000 | Baidu, Inc | 4.375 | 05/14/24 | 554,660 | ||||||||||||||
300,000 | Baidu, Inc | 3.625 | 07/06/27 | 312,682 | ||||||||||||||
1,500,000 | Baidu, Inc | 4.375 | 03/29/28 | 1,651,467 | ||||||||||||||
500,000 | Baidu, Inc | 4.875 | 11/14/28 | 560,760 | ||||||||||||||
600,000 | CA, Inc | 3.600 | 08/15/22 | 562,838 | ||||||||||||||
150,000 | CA, Inc | 4.700 | 03/15/27 | 144,857 | ||||||||||||||
500,000 | Citrix Systems, Inc | 4.500 | 12/01/27 | 516,640 | ||||||||||||||
750,000 | Citrix Systems, Inc | 3.300 | 03/01/30 | 697,693 | ||||||||||||||
250,000 | CyrusOne LP | 2.900 | 11/15/24 | 245,382 | ||||||||||||||
750,000 | CyrusOne LP | 3.450 | 11/15/29 | 662,033 | ||||||||||||||
200,000 | DXC Technology Co | 4.450 | 09/18/22 | 206,072 | ||||||||||||||
375,000 | DXC Technology Co | 4.250 | 04/15/24 | 387,848 | ||||||||||||||
200,000 | DXC Technology Co | 4.750 | 04/15/27 | 200,745 | ||||||||||||||
300,000 | Electronic Arts, Inc | 3.700 | 03/01/21 | 301,333 | ||||||||||||||
300,000 | Expedia Group, Inc | 4.500 | 08/15/24 | 275,450 | ||||||||||||||
1,200,000 | Expedia Group, Inc | 5.000 | 02/15/26 | 1,084,271 | ||||||||||||||
175,000 | Expedia Group, Inc | 3.800 | 02/15/28 | 151,406 | ||||||||||||||
750,000 | Expedia Group, Inc | 3.250 | 02/15/30 | 611,376 | ||||||||||||||
125,000 | Fidelity National Information Services, Inc | 3.500 | 04/15/23 | 128,764 | ||||||||||||||
163,000 | Fidelity National Information Services, Inc | 3.875 | 06/05/24 | 172,761 | ||||||||||||||
1,575,000 | Fidelity National Information Services, Inc | 3.000 | 08/15/26 | 1,608,797 | ||||||||||||||
100,000 | Fidelity National Information Services, Inc | 4.250 | 05/15/28 | 111,107 | ||||||||||||||
300,000 | Fidelity National Information Services, Inc | 4.500 | 08/15/46 | 370,968 | ||||||||||||||
150,000 | Fidelity National Information Services, Inc | 4.750 | 05/15/48 | 185,771 | ||||||||||||||
1,350,000 | Fiserv, Inc | 3.500 | 10/01/22 | 1,359,469 | ||||||||||||||
125,000 | Fiserv, Inc | 3.800 | 10/01/23 | 130,326 | ||||||||||||||
2,000,000 | Fiserv, Inc | 2.750 | 07/01/24 | 1,988,591 | ||||||||||||||
1,675,000 | Fiserv, Inc | 3.850 | 06/01/25 | 1,772,057 | ||||||||||||||
900,000 | Fiserv, Inc | 3.200 | 07/01/26 | 926,346 | ||||||||||||||
1,125,000 | Fiserv, Inc | 3.500 | 07/01/29 | 1,190,442 | ||||||||||||||
2,300,000 | Fiserv, Inc | 4.400 | 07/01/49 | 2,450,516 | ||||||||||||||
250,000 | Global Payments, Inc | 3.800 | 04/01/21 | 251,567 | ||||||||||||||
125,000 | Global Payments, Inc | 3.750 | 06/01/23 | 129,959 | ||||||||||||||
500,000 | Global Payments, Inc | 4.000 | 06/01/23 | 521,293 | ||||||||||||||
575,000 | Global Payments, Inc | 2.650 | 02/15/25 | 569,950 | ||||||||||||||
300,000 | Global Payments, Inc | 4.800 | 04/01/26 | 331,654 | ||||||||||||||
500,000 | Global Payments, Inc | 4.450 | 06/01/28 | 506,359 | ||||||||||||||
475,000 | Global Payments, Inc | 3.200 | 08/15/29 | 464,042 | ||||||||||||||
750,000 | Global Payments, Inc | 4.150 | 08/15/49 | 717,572 | ||||||||||||||
600,000 | IHS Markit Ltd | 4.125 | 08/01/23 | 624,288 | ||||||||||||||
250,000 | IHS Markit Ltd | 3.625 | 05/01/24 | 248,413 | ||||||||||||||
100,000 | IHS Markit Ltd | 4.750 | 08/01/28 | 104,656 | ||||||||||||||
1,050,000 | IHS Markit Ltd | 4.250 | 05/01/29 | 1,110,386 | ||||||||||||||
425,000 | International Business Machines Corp | 2.500 | 01/27/22 | 435,306 | ||||||||||||||
750,000 | International Business Machines Corp | 1.875 | 08/01/22 | 755,784 | ||||||||||||||
750,000 | International Business Machines Corp | 2.875 | 11/09/22 | 775,852 |
73 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 550,000 | International Business Machines Corp | 3.375 | % | 08/01/23 | $ | 578,645 | |||||||||||
600,000 | International Business Machines Corp | 3.625 | 02/12/24 | 640,072 | ||||||||||||||
3,000,000 | International Business Machines Corp | 3.000 | 05/15/24 | 3,136,913 | ||||||||||||||
350,000 | International Business Machines Corp | 3.450 | 02/19/26 | 375,951 | ||||||||||||||
2,500,000 | International Business Machines Corp | 3.300 | 05/15/26 | 2,681,286 | ||||||||||||||
2,675,000 | International Business Machines Corp | 3.500 | 05/15/29 | 2,920,387 | ||||||||||||||
1,850,000 | International Business Machines Corp | 4.150 | 05/15/39 | 2,093,283 | ||||||||||||||
19,000 | International Business Machines Corp | 5.600 | 11/30/39 | 25,320 | ||||||||||||||
1,060,000 | International Business Machines Corp | 4.000 | 06/20/42 | 1,220,432 | ||||||||||||||
1,500,000 | International Business Machines Corp | 4.700 | 02/19/46 | 1,744,883 | ||||||||||||||
2,500,000 | International Business Machines Corp | 4.250 | 05/15/49 | 3,044,746 | ||||||||||||||
200,000 | Juniper Networks, Inc | 4.500 | 03/15/24 | 210,992 | ||||||||||||||
750,000 | Juniper Networks, Inc | 4.350 | 06/15/25 | 742,679 | ||||||||||||||
750,000 | Juniper Networks, Inc | 3.750 | 08/15/29 | 727,514 | ||||||||||||||
200,000 | Mastercard, Inc | 2.000 | 11/21/21 | 201,152 | ||||||||||||||
1,000,000 | Mastercard, Inc | 3.375 | 04/01/24 | 1,054,670 | ||||||||||||||
1,000,000 | Mastercard, Inc | 2.000 | 03/03/25 | 1,048,237 | ||||||||||||||
425,000 | Mastercard, Inc | 2.950 | 11/21/26 | 452,422 | ||||||||||||||
750,000 | Mastercard, Inc | 3.500 | 02/26/28 | 833,217 | ||||||||||||||
1,000,000 | Mastercard, Inc | 2.950 | 06/01/29 | 1,065,512 | ||||||||||||||
200,000 | Mastercard, Inc | 3.800 | 11/21/46 | 230,441 | ||||||||||||||
300,000 | Mastercard, Inc | 3.950 | 02/26/48 | 346,126 | ||||||||||||||
1,000,000 | Mastercard, Inc | 3.650 | 06/01/49 | 1,165,614 | ||||||||||||||
450,000 | Microsoft Corp | 4.000 | 02/08/21 | 464,677 | ||||||||||||||
850,000 | Microsoft Corp | 1.550 | 08/08/21 | 855,785 | ||||||||||||||
1,300,000 | Microsoft Corp | 2.375 | 02/12/22 | 1,336,038 | ||||||||||||||
725,000 | Microsoft Corp | 2.650 | 11/03/22 | 760,178 | ||||||||||||||
575,000 | Microsoft Corp | 2.125 | 11/15/22 | 596,536 | ||||||||||||||
275,000 | Microsoft Corp | 2.375 | 05/01/23 | 285,752 | ||||||||||||||
1,450,000 | Microsoft Corp | 2.000 | 08/08/23 | 1,499,055 | ||||||||||||||
800,000 | Microsoft Corp | 3.625 | 12/15/23 | 874,182 | ||||||||||||||
975,000 | Microsoft Corp | 2.700 | 02/12/25 | 1,051,290 | ||||||||||||||
1,075,000 | Microsoft Corp | 3.125 | 11/03/25 | 1,177,588 | ||||||||||||||
2,925,000 | Microsoft Corp | 2.400 | 08/08/26 | 3,093,330 | ||||||||||||||
5,739,000 | Microsoft Corp | 3.300 | 02/06/27 | 6,368,672 | ||||||||||||||
150,000 | Microsoft Corp | 3.500 | 02/12/35 | 177,554 | ||||||||||||||
1,175,000 | Microsoft Corp | 4.200 | 11/03/35 | 1,472,754 | ||||||||||||||
2,250,000 | Microsoft Corp | 3.450 | 08/08/36 | 2,570,353 | ||||||||||||||
2,925,000 | Microsoft Corp | 4.100 | 02/06/37 | 3,571,120 | ||||||||||||||
200,000 | Microsoft Corp | 4.500 | 10/01/40 | 262,517 | ||||||||||||||
175,000 | Microsoft Corp | 5.300 | 02/08/41 | 256,812 | ||||||||||||||
500,000 | Microsoft Corp | 3.500 | 11/15/42 | 575,120 | ||||||||||||||
300,000 | Microsoft Corp | 3.750 | 05/01/43 | 349,890 | ||||||||||||||
1,025,000 | Microsoft Corp | 3.750 | 02/12/45 | 1,237,120 | ||||||||||||||
950,000 | Microsoft Corp | 4.450 | 11/03/45 | 1,249,108 | ||||||||||||||
1,575,000 | Microsoft Corp | 3.700 | 08/08/46 | 1,868,261 | ||||||||||||||
2,300,000 | Microsoft Corp | 4.250 | 02/06/47 | 2,987,574 | ||||||||||||||
1,950,000 | Microsoft Corp | 4.000 | 02/12/55 | 2,485,232 | ||||||||||||||
500,000 | Microsoft Corp | 4.750 | 11/03/55 | 705,775 | ||||||||||||||
1,300,000 | Microsoft Corp | 3.950 | 08/08/56 | 1,624,172 | ||||||||||||||
5,625,000 | Microsoft Corp | 4.500 | 02/06/57 | 7,757,945 | ||||||||||||||
1,250,000 | Oracle Corp | 2.800 | 07/08/21 | 1,268,158 | ||||||||||||||
1,125,000 | Oracle Corp | 1.900 | 09/15/21 | 1,128,953 |
74 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,600,000 | Oracle Corp | 2.500 | % | 05/15/22 | $ | 1,626,526 | |||||||||||
2,150,000 | Oracle Corp | 2.500 | 10/15/22 | 2,198,771 | ||||||||||||||
800,000 | Oracle Corp | 2.625 | 02/15/23 | 821,218 | ||||||||||||||
225,000 | Oracle Corp | 3.625 | 07/15/23 | 238,579 | ||||||||||||||
2,375,000 | Oracle Corp | 2.400 | 09/15/23 | 2,424,090 | ||||||||||||||
1,225,000 | Oracle Corp | 3.400 | 07/08/24 | 1,309,556 | ||||||||||||||
900,000 | Oracle Corp | 2.950 | 11/15/24 | 948,181 | ||||||||||||||
1,000,000 | Oracle Corp | 2.500 | 04/01/25 | 1,020,871 | ||||||||||||||
1,650,000 | Oracle Corp | 2.950 | 05/15/25 | 1,711,300 | ||||||||||||||
2,884,000 | Oracle Corp | 2.650 | 07/15/26 | 2,957,742 | ||||||||||||||
1,000,000 | Oracle Corp | 2.800 | 04/01/27 | 1,019,323 | ||||||||||||||
1,000,000 | Oracle Corp | 2.950 | 04/01/30 | 1,006,002 | ||||||||||||||
400,000 | Oracle Corp | 3.250 | 05/15/30 | 426,886 | ||||||||||||||
2,497,000 | Oracle Corp | 4.300 | 07/08/34 | 2,923,792 | ||||||||||||||
650,000 | Oracle Corp | 3.900 | 05/15/35 | 701,821 | ||||||||||||||
1,225,000 | Oracle Corp | 3.850 | 07/15/36 | 1,279,107 | ||||||||||||||
4,000,000 | Oracle Corp | 3.800 | 11/15/37 | 4,124,849 | ||||||||||||||
100,000 | Oracle Corp | 6.500 | 04/15/38 | 140,838 | ||||||||||||||
470,000 | Oracle Corp | 6.125 | 07/08/39 | 633,683 | ||||||||||||||
675,000 | Oracle Corp | 3.600 | 04/01/40 | 671,932 | ||||||||||||||
325,000 | Oracle Corp | 5.375 | 07/15/40 | 434,583 | ||||||||||||||
500,000 | Oracle Corp | 4.500 | 07/08/44 | 571,831 | ||||||||||||||
325,000 | Oracle Corp | 4.125 | 05/15/45 | 354,339 | ||||||||||||||
2,025,000 | Oracle Corp | 4.000 | 07/15/46 | 2,205,555 | ||||||||||||||
3,100,000 | Oracle Corp | 4.000 | 11/15/47 | 3,405,108 | ||||||||||||||
1,000,000 | Oracle Corp | 3.600 | 04/01/50 | 995,968 | ||||||||||||||
500,000 | Oracle Corp | 4.375 | 05/15/55 | 606,531 | ||||||||||||||
1,000,000 | Oracle Corp | 3.850 | 04/01/60 | 1,006,066 | ||||||||||||||
550,000 | PayPal Holdings, Inc | 2.200 | 09/26/22 | 547,315 | ||||||||||||||
1,000,000 | PayPal Holdings, Inc | 2.400 | 10/01/24 | 1,004,902 | ||||||||||||||
1,000,000 | PayPal Holdings, Inc | 2.650 | 10/01/26 | 979,924 | ||||||||||||||
1,000,000 | PayPal Holdings, Inc | 2.850 | 10/01/29 | 992,551 | ||||||||||||||
725,000 | salesforce.com, Inc | 3.250 | 04/11/23 | 753,504 | ||||||||||||||
925,000 | salesforce.com, Inc | 3.700 | 04/11/28 | 1,021,092 | ||||||||||||||
475,000 | VMware, Inc | 2.300 | 08/21/20 | 469,939 | ||||||||||||||
1,475,000 | VMware, Inc | 2.950 | 08/21/22 | 1,478,696 | ||||||||||||||
725,000 | VMware, Inc | 3.900 | 08/21/27 | 714,996 | ||||||||||||||
TOTAL SOFTWARE & SERVICES | 160,812,427 | |||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.8% | ||||||||||||||||||
100,000 | Alphabet, Inc | 3.625 | 05/19/21 | 102,910 | ||||||||||||||
875,000 | Alphabet, Inc | 3.375 | 02/25/24 | 962,369 | ||||||||||||||
1,250,000 | Alphabet, Inc | 1.998 | 08/15/26 | 1,320,009 | ||||||||||||||
200,000 | Amphenol Corp | 3.200 | 04/01/24 | 202,412 | ||||||||||||||
250,000 | Amphenol Corp | 2.050 | 03/01/25 | 236,419 | ||||||||||||||
450,000 | Amphenol Corp | 4.350 | 06/01/29 | 501,552 | ||||||||||||||
1,000,000 | Amphenol Corp | 2.800 | 02/15/30 | 910,460 | ||||||||||||||
2,500,000 | Apple, Inc | 2.250 | 02/23/21 | 2,522,956 | ||||||||||||||
2,925,000 | Apple, Inc | 1.550 | 08/04/21 | 2,943,047 | ||||||||||||||
1,250,000 | Apple, Inc | 2.150 | 02/09/22 | 1,277,687 | ||||||||||||||
1,050,000 | Apple, Inc | 2.700 | 05/13/22 | 1,096,000 | ||||||||||||||
275,000 | Apple, Inc | 1.700 | 09/11/22 | 280,341 | ||||||||||||||
575,000 | Apple, Inc | 2.100 | 09/12/22 | 586,403 | ||||||||||||||
650,000 | Apple, Inc | 2.400 | 01/13/23 | 669,904 |
75 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 750,000 | Apple, Inc | 2.850 | % | 02/23/23 | $ | 782,456 | |||||||||||
925,000 | Apple, Inc | 2.400 | 05/03/23 | 962,006 | ||||||||||||||
1,150,000 | Apple, Inc | 3.000 | 02/09/24 | 1,218,322 | ||||||||||||||
2,725,000 | Apple, Inc | 3.450 | 05/06/24 | 2,942,127 | ||||||||||||||
1,075,000 | Apple, Inc | 2.850 | 05/11/24 | 1,137,572 | ||||||||||||||
1,850,000 | Apple, Inc | 2.750 | 01/13/25 | 1,958,143 | ||||||||||||||
1,075,000 | Apple, Inc | 2.500 | 02/09/25 | 1,148,163 | ||||||||||||||
1,125,000 | Apple, Inc | 3.200 | 05/13/25 | 1,218,629 | ||||||||||||||
2,825,000 | Apple, Inc | 3.250 | 02/23/26 | 3,076,399 | ||||||||||||||
1,425,000 | Apple, Inc | 2.450 | 08/04/26 | 1,493,167 | ||||||||||||||
1,750,000 | Apple, Inc | 2.050 | 09/11/26 | 1,805,148 | ||||||||||||||
1,075,000 | Apple, Inc | 3.350 | 02/09/27 | 1,172,663 | ||||||||||||||
275,000 | Apple, Inc | 3.200 | 05/11/27 | 298,018 | ||||||||||||||
3,675,000 | Apple, Inc | 3.000 | 11/13/27 | 3,951,634 | ||||||||||||||
1,600,000 | Apple, Inc | 4.500 | 02/23/36 | 1,997,883 | ||||||||||||||
350,000 | Apple, Inc | 3.850 | 05/04/43 | 413,956 | ||||||||||||||
750,000 | Apple, Inc | 4.450 | 05/06/44 | 966,624 | ||||||||||||||
1,350,000 | Apple, Inc | 3.450 | 02/09/45 | 1,523,761 | ||||||||||||||
1,000,000 | Apple, Inc | 4.375 | 05/13/45 | 1,273,020 | ||||||||||||||
1,775,000 | Apple, Inc | 4.650 | 02/23/46 | 2,457,422 | ||||||||||||||
900,000 | Apple, Inc | 3.850 | 08/04/46 | 1,086,947 | ||||||||||||||
1,175,000 | Apple, Inc | 4.250 | 02/09/47 | 1,505,628 | ||||||||||||||
900,000 | Apple, Inc | 3.750 | 09/12/47 | 1,059,303 | ||||||||||||||
2,850,000 | Apple, Inc | 3.750 | 11/13/47 | 3,409,358 | ||||||||||||||
1,650,000 | Apple, Inc | 2.950 | 09/11/49 | 1,741,243 | ||||||||||||||
500,000 | Broadcom Corp | 2.200 | 01/15/21 | 493,380 | ||||||||||||||
2,500,000 | Broadcom Corp | 3.000 | 01/15/22 | 2,477,057 | ||||||||||||||
500,000 | Broadcom Corp | 2.650 | 01/15/23 | 488,286 | ||||||||||||||
1,100,000 | Broadcom Corp | 3.625 | 01/15/24 | 1,088,484 | ||||||||||||||
2,250,000 | Broadcom Corp | 3.125 | 01/15/25 | 2,157,067 | ||||||||||||||
1,750,000 | Broadcom Corp | 3.875 | 01/15/27 | 1,668,216 | ||||||||||||||
250,000 | Broadcom Corp | 3.500 | 01/15/28 | 231,670 | ||||||||||||||
1,250,000 | Cisco Systems, Inc | 2.900 | 03/04/21 | 1,256,978 | ||||||||||||||
300,000 | Cisco Systems, Inc | 1.850 | 09/20/21 | 302,080 | ||||||||||||||
400,000 | Cisco Systems, Inc | 3.000 | 06/15/22 | 416,795 | ||||||||||||||
500,000 | Cisco Systems, Inc | 2.600 | 02/28/23 | 515,317 | ||||||||||||||
2,300,000 | Cisco Systems, Inc | 2.200 | 09/20/23 | 2,418,931 | ||||||||||||||
1,100,000 | Cisco Systems, Inc | 3.625 | 03/04/24 | 1,186,041 | ||||||||||||||
400,000 | Cisco Systems, Inc | 3.500 | 06/15/25 | 440,384 | ||||||||||||||
500,000 | Cisco Systems, Inc | 2.950 | 02/28/26 | 546,884 | ||||||||||||||
3,000,000 | Cisco Systems, Inc | 2.500 | 09/20/26 | 3,127,797 | ||||||||||||||
1,000,000 | Cisco Systems, Inc | 5.900 | 02/15/39 | 1,445,951 | ||||||||||||||
1,175,000 | Cisco Systems, Inc | 5.500 | 01/15/40 | 1,674,464 | ||||||||||||||
300,000 | Corning, Inc | 2.900 | 05/15/22 | 300,930 | ||||||||||||||
200,000 | Corning, Inc | 4.700 | 03/15/37 | 206,036 | ||||||||||||||
100,000 | Corning, Inc | 5.750 | 08/15/40 | 116,476 | ||||||||||||||
200,000 | Corning, Inc | 4.750 | 03/15/42 | 209,751 | ||||||||||||||
300,000 | Corning, Inc | 5.350 | 11/15/48 | 353,048 | ||||||||||||||
500,000 | Corning, Inc | 3.900 | 11/15/49 | 487,722 | ||||||||||||||
825,000 | Corning, Inc | 4.375 | 11/15/57 | 857,682 | ||||||||||||||
200,000 | Corning, Inc | 5.850 | 11/15/68 | 220,447 | ||||||||||||||
1,000,000 | Corning, Inc | 5.450 | 11/15/79 | 1,021,587 | ||||||||||||||
1,550,000 | g | Dell International LLC | 4.420 | 06/15/21 | 1,566,639 |
76 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 4,150,000 | g | Dell International LLC | 5.450 | % | 06/15/23 | $ | 4,258,569 | ||||||||||
875,000 | g | Dell International LLC | 4.000 | 07/15/24 | 882,772 | |||||||||||||
2,925,000 | g | Dell International LLC | 6.020 | 06/15/26 | 3,112,322 | |||||||||||||
1,050,000 | g | Dell International LLC | 4.900 | 10/01/26 | 1,045,921 | |||||||||||||
1,900,000 | g | Dell International LLC | 5.300 | 10/01/29 | 1,848,095 | |||||||||||||
1,125,000 | g | Dell International LLC | 8.100 | 07/15/36 | 1,293,625 | |||||||||||||
1,525,000 | g | Dell International LLC | 8.350 | 07/15/46 | 1,791,912 | |||||||||||||
800,000 | Flex Ltd | 4.750 | 06/15/25 | 804,012 | ||||||||||||||
600,000 | Flex Ltd | 4.875 | 06/15/29 | 569,581 | ||||||||||||||
500,000 | Genpact Luxembourg Sarl | 3.375 | 12/01/24 | 502,137 | ||||||||||||||
500,000 | Hewlett Packard Enterprise Co | 3.500 | 10/05/21 | 502,459 | ||||||||||||||
1,000,000 | Hewlett Packard Enterprise Co | 2.250 | 04/01/23 | 977,122 | ||||||||||||||
3,000,000 | Hewlett Packard Enterprise Co | 4.900 | 10/15/25 | 3,155,641 | ||||||||||||||
225,000 | Hewlett Packard Enterprise Co | 6.200 | 10/15/35 | 254,769 | ||||||||||||||
1,175,000 | Hewlett Packard Enterprise Co | 6.350 | 10/15/45 | 1,366,698 | ||||||||||||||
913,000 | Hewlett-Packard Co | 3.750 | 12/01/20 | 909,710 | ||||||||||||||
500,000 | Hewlett-Packard Co | 4.650 | 12/09/21 | 503,261 | ||||||||||||||
200,000 | Hewlett-Packard Co | 4.050 | 09/15/22 | 208,999 | ||||||||||||||
975,000 | Hewlett-Packard Co | 6.000 | 09/15/41 | 1,033,765 | ||||||||||||||
1,000,000 | Jabil, Inc | 4.700 | 09/15/22 | 996,889 | ||||||||||||||
100,000 | Jabil, Inc | 3.950 | 01/12/28 | 96,054 | ||||||||||||||
750,000 | Jabil, Inc | 3.600 | 01/15/30 | 667,071 | ||||||||||||||
755,000 | Koninklijke Philips Electronics NV | 5.000 | 03/15/42 | 903,522 | ||||||||||||||
300,000 | g | L3Harris Technologies, Inc | 4.950 | 02/15/21 | 306,439 | |||||||||||||
475,000 | g | L3Harris Technologies, Inc | 3.850 | 06/15/23 | 494,151 | |||||||||||||
52,000 | g | L3Harris Technologies, Inc | 3.950 | 05/28/24 | 54,507 | |||||||||||||
600,000 | g | L3Harris Technologies, Inc | 3.850 | 12/15/26 | 625,375 | |||||||||||||
625,000 | g | L3Harris Technologies, Inc | 4.400 | 06/15/28 | 676,142 | |||||||||||||
1,275,000 | L3Harris Technologies, Inc | 4.400 | 06/15/28 | 1,379,330 | ||||||||||||||
175,000 | L3Harris Technologies, Inc | 2.900 | 12/15/29 | 165,352 | ||||||||||||||
300,000 | L3Harris Technologies, Inc | 4.854 | 04/27/35 | 325,091 | ||||||||||||||
600,000 | L3Harris Technologies, Inc | 5.054 | 04/27/45 | 662,719 | ||||||||||||||
1,040,000 | Motorola Solutions, Inc | 3.750 | 05/15/22 | 1,040,052 | ||||||||||||||
250,000 | Motorola Solutions, Inc | 3.500 | 03/01/23 | 242,046 | ||||||||||||||
200,000 | Motorola Solutions, Inc | 4.000 | 09/01/24 | 198,062 | ||||||||||||||
450,000 | Motorola Solutions, Inc | 4.600 | 02/23/28 | 459,000 | ||||||||||||||
500,000 | Motorola Solutions, Inc | 4.600 | 05/23/29 | 525,114 | ||||||||||||||
200,000 | Motorola Solutions, Inc | 5.500 | 09/01/44 | 201,843 | ||||||||||||||
200,000 | NetApp, Inc | 3.375 | 06/15/21 | 200,478 | ||||||||||||||
200,000 | NetApp, Inc | 3.300 | 09/29/24 | 196,749 | ||||||||||||||
925,000 | QUALCOMM, Inc | 3.000 | 05/20/22 | 944,096 | ||||||||||||||
350,000 | QUALCOMM, Inc | 2.600 | 01/30/23 | 358,399 | ||||||||||||||
1,225,000 | QUALCOMM, Inc | 2.900 | 05/20/24 | 1,264,092 | ||||||||||||||
925,000 | QUALCOMM, Inc | 3.450 | 05/20/25 | 989,167 | ||||||||||||||
2,800,000 | QUALCOMM, Inc | 3.250 | 05/20/27 | 2,954,486 | ||||||||||||||
750,000 | QUALCOMM, Inc | 4.650 | 05/20/35 | 949,159 | ||||||||||||||
650,000 | QUALCOMM, Inc | 4.800 | 05/20/45 | 865,311 | ||||||||||||||
1,525,000 | QUALCOMM, Inc | 4.300 | 05/20/47 | 1,844,142 | ||||||||||||||
175,000 | Seagate HDD Cayman | 4.250 | 03/01/22 | 175,343 | ||||||||||||||
350,000 | Seagate HDD Cayman | 4.750 | 06/01/23 | 350,488 | ||||||||||||||
1,675,000 | Seagate HDD Cayman | 4.750 | 01/01/25 | 1,665,862 | ||||||||||||||
200,000 | Seagate HDD Cayman | 4.875 | 06/01/27 | 198,239 | ||||||||||||||
200,000 | Seagate HDD Cayman | 5.750 | 12/01/34 | 185,176 | ||||||||||||||
350,000 | Tech Data Corp | 3.700 | 02/15/22 | 346,452 |
77 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 350,000 | Tech Data Corp | 4.950 | % | 02/15/27 | $ | 353,586 | |||||||||||
250,000 | Tyco Electronics Group S.A. | 3.500 | 02/03/22 | 253,519 | ||||||||||||||
200,000 | Tyco Electronics Group S.A. | 3.450 | 08/01/24 | 204,180 | ||||||||||||||
100,000 | Tyco Electronics Group S.A. | 3.700 | 02/15/26 | 101,740 | ||||||||||||||
1,150,000 | Tyco Electronics Group S.A. | 3.125 | 08/15/27 | 1,188,157 | ||||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 132,117,111 | |||||||||||||||||
TELECOMMUNICATION SERVICES - 1.1% | ||||||||||||||||||
950,000 | America Movil SAB de C.V. | 3.125 | 07/16/22 | 958,868 | ||||||||||||||
1,000,000 | America Movil SAB de C.V. | 3.625 | 04/22/29 | 1,017,415 | ||||||||||||||
440,000 | America Movil SAB de C.V. | 6.125 | 03/30/40 | 577,535 | ||||||||||||||
1,625,000 | America Movil SAB de C.V. | 4.375 | 07/16/42 | 1,732,840 | ||||||||||||||
2,000,000 | America Movil SAB de C.V. | 4.375 | 04/22/49 | 2,258,000 | ||||||||||||||
675,000 | AT&T, Inc | 3.000 | 02/15/22 | 680,597 | ||||||||||||||
1,075,000 | AT&T, Inc | 3.200 | 03/01/22 | 1,090,511 | ||||||||||||||
650,000 | AT&T, Inc | 3.800 | 03/15/22 | 671,370 | ||||||||||||||
1,400,000 | AT&T, Inc | 3.400 | 06/15/22 | 1,433,639 | ||||||||||||||
625,000 | AT&T, Inc | 3.000 | 06/30/22 | 630,290 | ||||||||||||||
575,000 | AT&T, Inc | 2.625 | 12/01/22 | 567,849 | ||||||||||||||
800,000 | AT&T, Inc | 3.600 | 02/17/23 | 823,560 | ||||||||||||||
650,000 | AT&T, Inc | 4.050 | 12/15/23 | 684,379 | ||||||||||||||
1,075,000 | AT&T, Inc | 3.800 | 03/01/24 | 1,130,594 | ||||||||||||||
450,000 | AT&T, Inc | 3.900 | 03/11/24 | 471,830 | ||||||||||||||
1,675,000 | AT&T, Inc | 4.450 | 04/01/24 | 1,774,250 | ||||||||||||||
500,000 | AT&T, Inc | 3.550 | 06/01/24 | 516,328 | ||||||||||||||
625,000 | AT&T, Inc | 3.950 | 01/15/25 | 658,513 | ||||||||||||||
2,825,000 | AT&T, Inc | 3.400 | 05/15/25 | 2,921,902 | ||||||||||||||
225,000 | AT&T, Inc | 3.600 | 07/15/25 | 233,656 | ||||||||||||||
500,000 | AT&T, Inc | 3.875 | 01/15/26 | 513,279 | ||||||||||||||
2,050,000 | AT&T, Inc | 4.125 | 02/17/26 | 2,187,248 | ||||||||||||||
750,000 | AT&T, Inc | 2.950 | 07/15/26 | 737,783 | ||||||||||||||
2,175,000 | AT&T, Inc | 3.800 | 02/15/27 | 2,259,825 | ||||||||||||||
2,075,000 | AT&T, Inc | 4.250 | 03/01/27 | 2,218,357 | ||||||||||||||
5,255,000 | AT&T, Inc | 4.100 | 02/15/28 | 5,518,886 | ||||||||||||||
4,375,000 | AT&T, Inc | 4.350 | 03/01/29 | 4,704,124 | ||||||||||||||
1,825,000 | AT&T, Inc | 4.500 | 05/15/35 | 1,989,685 | ||||||||||||||
1,925,000 | AT&T, Inc | 5.250 | 03/01/37 | 2,241,128 | ||||||||||||||
1,500,000 | AT&T, Inc | 4.900 | 08/15/37 | 1,683,462 | ||||||||||||||
5,275,000 | AT&T, Inc | 4.850 | 03/01/39 | 5,968,334 | ||||||||||||||
150,000 | AT&T, Inc | 6.000 | 08/15/40 | 183,551 | ||||||||||||||
175,000 | AT&T, Inc | 5.350 | 09/01/40 | 203,578 | ||||||||||||||
550,000 | AT&T, Inc | 5.150 | 03/15/42 | 630,865 | ||||||||||||||
900,000 | AT&T, Inc | 4.900 | 06/15/42 | 1,003,061 | ||||||||||||||
2,591,000 | AT&T, Inc | 4.300 | 12/15/42 | 2,736,917 | ||||||||||||||
200,000 | AT&T, Inc | 5.350 | 12/15/43 | 236,252 | ||||||||||||||
300,000 | AT&T, Inc | 4.650 | 06/01/44 | 324,541 | ||||||||||||||
1,550,000 | AT&T, Inc | 4.800 | 06/15/44 | 1,726,952 | ||||||||||||||
3,079,000 | AT&T, Inc | 4.350 | 06/15/45 | 3,255,631 | ||||||||||||||
1,700,000 | AT&T, Inc | 4.850 | 07/15/45 | 1,882,539 | ||||||||||||||
350,000 | AT&T, Inc | 4.750 | 05/15/46 | 388,698 | ||||||||||||||
175,000 | AT&T, Inc | 5.150 | 11/15/46 | 205,798 | ||||||||||||||
2,900,000 | AT&T, Inc | 5.450 | 03/01/47 | 3,482,119 | ||||||||||||||
2,125,000 | AT&T, Inc | 4.500 | 03/09/48 | 2,306,177 |
78 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,250,000 | AT&T, Inc | 5.150 | % | 02/15/50 | $ | 1,493,724 | |||||||||||
2,750,000 | AT&T, Inc | 5.300 | 08/15/58 | 3,240,042 | ||||||||||||||
750,000 | Bell Canada, Inc | 4.464 | 04/01/48 | 800,903 | ||||||||||||||
750,000 | Bell Canada, Inc | 4.300 | 07/29/49 | 868,561 | ||||||||||||||
750,000 | British Telecommunications plc | 4.500 | 12/04/23 | 785,754 | ||||||||||||||
750,000 | British Telecommunications plc | 5.125 | 12/04/28 | 837,013 | ||||||||||||||
1,425,000 | British Telecommunications plc | 9.625 | 12/15/30 | 2,194,556 | ||||||||||||||
2,690,000 | Deutsche Telekom International Finance BV | 8.750 | 06/15/30 | 3,668,973 | ||||||||||||||
2,000,000 | Orange S.A. | 4.125 | 09/14/21 | 2,045,616 | ||||||||||||||
745,000 | Orange S.A. | 9.000 | 03/01/31 | 1,130,996 | ||||||||||||||
900,000 | Orange S.A. | 5.375 | 01/13/42 | 1,152,106 | ||||||||||||||
725,000 | Orange S.A. | 5.500 | 02/06/44 | 927,979 | ||||||||||||||
200,000 | Rogers Communications, Inc | 4.100 | 10/01/23 | 213,901 | ||||||||||||||
1,713,000 | Rogers Communications, Inc | 3.625 | 12/15/25 | 1,812,457 | ||||||||||||||
200,000 | Rogers Communications, Inc | 2.900 | 11/15/26 | 198,449 | ||||||||||||||
125,000 | Rogers Communications, Inc | 4.500 | 03/15/43 | 142,427 | ||||||||||||||
300,000 | Rogers Communications, Inc | 5.450 | 10/01/43 | 374,814 | ||||||||||||||
600,000 | Rogers Communications, Inc | 5.000 | 03/15/44 | 720,224 | ||||||||||||||
150,000 | Rogers Communications, Inc | 4.300 | 02/15/48 | 163,903 | ||||||||||||||
1,500,000 | Rogers Communications, Inc | 4.350 | 05/01/49 | 1,700,528 | ||||||||||||||
1,300,000 | Rogers Communications, Inc | 3.700 | 11/15/49 | 1,344,767 | ||||||||||||||
2,020,000 | Telefonica Emisiones SAU | 5.134 | 04/27/20 | 2,023,356 | ||||||||||||||
225,000 | Telefonica Emisiones SAU | 4.570 | 04/27/23 | 240,269 | ||||||||||||||
1,500,000 | Telefonica Emisiones SAU | 4.103 | 03/08/27 | 1,555,678 | ||||||||||||||
625,000 | Telefonica Emisiones SAU | 7.045 | 06/20/36 | 745,335 | ||||||||||||||
1,200,000 | Telefonica Emisiones SAU | 4.665 | 03/06/38 | 1,291,066 | ||||||||||||||
2,125,000 | Telefonica Emisiones SAU | 5.213 | 03/08/47 | 2,384,548 | ||||||||||||||
1,175,000 | Telefonica Emisiones SAU | 4.895 | 03/06/48 | 1,300,398 | ||||||||||||||
900,000 | Telefonica Emisiones SAU | 5.520 | 03/01/49 | 1,056,106 | ||||||||||||||
567,000 | Telefonica Europe BV | 8.250 | 09/15/30 | 820,208 | ||||||||||||||
325,000 | TELUS Corp | 2.800 | 02/16/27 | 328,313 | ||||||||||||||
300,000 | TELUS Corp | 3.700 | 09/15/27 | 317,882 | ||||||||||||||
500,000 | TELUS Corp | 4.600 | 11/16/48 | 562,101 | ||||||||||||||
750,000 | TELUS Corp | 4.300 | 06/15/49 | 794,105 | ||||||||||||||
475,000 | Verizon Communications, Inc | 2.946 | 03/15/22 | 484,488 | ||||||||||||||
350,000 | Verizon Communications, Inc | 5.150 | 09/15/23 | 388,980 | ||||||||||||||
575,000 | Verizon Communications, Inc | 3.500 | 11/01/24 | 611,647 | ||||||||||||||
700,000 | Verizon Communications, Inc | 2.625 | 08/15/26 | 722,880 | ||||||||||||||
125,000 | Verizon Communications, Inc | 3.000 | 03/22/27 | 131,542 | ||||||||||||||
6,641,000 | Verizon Communications, Inc | 4.329 | 09/21/28 | 7,653,085 | ||||||||||||||
350,000 | Verizon Communications, Inc | 3.875 | 02/08/29 | 391,770 | ||||||||||||||
9,005,000 | Verizon Communications, Inc | 4.016 | 12/03/29 | 10,152,486 | ||||||||||||||
200,000 | Verizon Communications, Inc | 3.150 | 03/22/30 | 215,075 | ||||||||||||||
2,975,000 | Verizon Communications, Inc | 4.500 | 08/10/33 | 3,581,204 | ||||||||||||||
3,250,000 | Verizon Communications, Inc | 4.400 | 11/01/34 | 3,804,924 | ||||||||||||||
3,775,000 | Verizon Communications, Inc | 4.272 | 01/15/36 | 4,410,187 | ||||||||||||||
325,000 | Verizon Communications, Inc | 5.250 | 03/16/37 | 415,719 | ||||||||||||||
11,875,000 | Verizon Communications, Inc | 5.012 | 04/15/49 | 16,020,704 | ||||||||||||||
150,000 | Verizon Communications, Inc | 4.000 | 03/22/50 | 178,021 | ||||||||||||||
4,000,000 | Vodafone Group plc | 4.125 | 05/30/25 | 4,259,723 | ||||||||||||||
4,425,000 | Vodafone Group plc | 4.375 | 05/30/28 | 4,652,303 | ||||||||||||||
425,000 | Vodafone Group plc | 6.150 | 02/27/37 | 493,361 | ||||||||||||||
925,000 | Vodafone Group plc | 5.000 | 05/30/38 | 1,029,204 | ||||||||||||||
1,900,000 | Vodafone Group plc | 4.375 | 02/19/43 | 1,968,100 |
79 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,450,000 | Vodafone Group plc | 5.250 | % | 05/30/48 | $ | 1,749,807 | |||||||||||
1,000,000 | Vodafone Group plc | 4.875 | 06/19/49 | 1,104,741 | ||||||||||||||
1,000,000 | Vodafone Group plc | 4.250 | 09/17/50 | 1,027,842 | ||||||||||||||
500,000 | Vodafone Group plc | 5.125 | 06/19/59 | 567,576 | ||||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 174,675,143 | |||||||||||||||||
TRANSPORTATION - 0.6% | ||||||||||||||||||
719,285 | American Airlines, Inc | 3.000 | 10/15/28 | 678,819 | ||||||||||||||
275,000 | Boeing Co | 2.300 | 08/01/21 | 265,810 | ||||||||||||||
300,000 | Boeing Co | 2.700 | 05/01/22 | 286,484 | ||||||||||||||
750,000 | Boeing Co | 2.800 | 03/01/23 | 690,464 | ||||||||||||||
300,000 | Boeing Co | 2.800 | 03/01/24 | 282,375 | ||||||||||||||
400,000 | Boeing Co | 2.600 | 10/30/25 | 362,314 | ||||||||||||||
300,000 | Boeing Co | 3.100 | 05/01/26 | 277,403 | ||||||||||||||
200,000 | Boeing Co | 2.250 | 06/15/26 | 177,124 | ||||||||||||||
500,000 | Boeing Co | 2.700 | 02/01/27 | 458,849 | ||||||||||||||
250,000 | Boeing Co | 2.800 | 03/01/27 | 223,076 | ||||||||||||||
500,000 | Boeing Co | 3.250 | 03/01/28 | 470,861 | ||||||||||||||
125,000 | Boeing Co | 3.450 | 11/01/28 | 108,815 | ||||||||||||||
600,000 | Boeing Co | 3.200 | 03/01/29 | 554,102 | ||||||||||||||
750,000 | Boeing Co | 2.950 | 02/01/30 | 694,554 | ||||||||||||||
300,000 | Boeing Co | 3.600 | 05/01/34 | 268,324 | ||||||||||||||
425,000 | Boeing Co | 3.250 | 02/01/35 | 369,007 | ||||||||||||||
500,000 | Boeing Co | 3.550 | 03/01/38 | 432,906 | ||||||||||||||
600,000 | Boeing Co | 3.500 | 03/01/39 | 521,677 | ||||||||||||||
350,000 | Boeing Co | 5.875 | 02/15/40 | 337,801 | ||||||||||||||
300,000 | Boeing Co | 3.375 | 06/15/46 | 252,483 | ||||||||||||||
250,000 | Boeing Co | 3.650 | 03/01/47 | 222,484 | ||||||||||||||
100,000 | Boeing Co | 3.625 | 03/01/48 | 87,030 | ||||||||||||||
100,000 | Boeing Co | 3.850 | 11/01/48 | 90,866 | ||||||||||||||
125,000 | Boeing Co | 3.825 | 03/01/59 | 111,671 | ||||||||||||||
750,000 | Boeing Co | 3.950 | 08/01/59 | 674,152 | ||||||||||||||
300,000 | Burlington Northern Santa Fe LLC | 3.050 | 03/15/22 | 302,750 | ||||||||||||||
150,000 | Burlington Northern Santa Fe LLC | 3.050 | 09/01/22 | 152,887 | ||||||||||||||
1,100,000 | Burlington Northern Santa Fe LLC | 3.850 | 09/01/23 | 1,163,504 | ||||||||||||||
500,000 | Burlington Northern Santa Fe LLC | 3.750 | 04/01/24 | 526,899 | ||||||||||||||
150,000 | Burlington Northern Santa Fe LLC | 3.400 | 09/01/24 | 156,321 | ||||||||||||||
300,000 | Burlington Northern Santa Fe LLC | 3.000 | 04/01/25 | 310,879 | ||||||||||||||
700,000 | Burlington Northern Santa Fe LLC | 3.650 | 09/01/25 | 741,397 | ||||||||||||||
660,000 | Burlington Northern Santa Fe LLC | 5.750 | 05/01/40 | 894,351 | ||||||||||||||
250,000 | Burlington Northern Santa Fe LLC | 5.050 | 03/01/41 | 308,917 | ||||||||||||||
200,000 | Burlington Northern Santa Fe LLC | 4.400 | 03/15/42 | 233,542 | ||||||||||||||
300,000 | Burlington Northern Santa Fe LLC | 4.450 | 03/15/43 | 354,892 | ||||||||||||||
500,000 | Burlington Northern Santa Fe LLC | 5.150 | 09/01/43 | 649,959 | ||||||||||||||
500,000 | Burlington Northern Santa Fe LLC | 4.900 | 04/01/44 | 623,276 | ||||||||||||||
600,000 | Burlington Northern Santa Fe LLC | 4.550 | 09/01/44 | 727,296 | ||||||||||||||
1,275,000 | Burlington Northern Santa Fe LLC | 4.150 | 04/01/45 | 1,491,750 | ||||||||||||||
200,000 | Burlington Northern Santa Fe LLC | 4.700 | 09/01/45 | 243,712 | ||||||||||||||
1,150,000 | Burlington Northern Santa Fe LLC | 3.900 | 08/01/46 | 1,290,241 | ||||||||||||||
400,000 | Burlington Northern Santa Fe LLC | 4.125 | 06/15/47 | 468,305 | ||||||||||||||
1,175,000 | Burlington Northern Santa Fe LLC | 4.050 | 06/15/48 | 1,358,067 | ||||||||||||||
1,025,000 | Burlington Northern Santa Fe LLC | 4.150 | 12/15/48 | 1,194,826 | ||||||||||||||
750,000 | Burlington Northern Santa Fe LLC | 3.550 | 02/15/50 | 821,181 |
80 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 100,000 | Canadian National Railway Co | 2.850 | % | 12/15/21 | $ | 98,139 | |||||||||||
300,000 | Canadian National Railway Co | 2.250 | 11/15/22 | 298,650 | ||||||||||||||
200,000 | Canadian National Railway Co | 2.950 | 11/21/24 | 192,470 | ||||||||||||||
200,000 | Canadian National Railway Co | 6.900 | 07/15/28 | 253,916 | ||||||||||||||
200,000 | Canadian National Railway Co | 6.250 | 08/01/34 | 270,639 | ||||||||||||||
250,000 | Canadian National Railway Co | 3.500 | 11/15/42 | 264,938 | ||||||||||||||
100,000 | Canadian National Railway Co | 4.500 | 11/07/43 | 121,113 | ||||||||||||||
650,000 | Canadian National Railway Co | 3.200 | 08/02/46 | 673,422 | ||||||||||||||
725,000 | Canadian National Railway Co | 3.650 | 02/03/48 | 808,562 | ||||||||||||||
325,000 | Canadian National Railway Co | 4.450 | 01/20/49 | 418,030 | ||||||||||||||
1,800,000 | Canadian Pacific Railway Co | 2.900 | 02/01/25 | 1,812,839 | ||||||||||||||
300,000 | Canadian Pacific Railway Co | 4.000 | 06/01/28 | 321,435 | ||||||||||||||
100,000 | Canadian Pacific Railway Co | 2.050 | 03/05/30 | 92,855 | ||||||||||||||
200,000 | Canadian Pacific Railway Co | 7.125 | 10/15/31 | 265,592 | ||||||||||||||
250,000 | Canadian Pacific Railway Co | 5.950 | 05/15/37 | 317,999 | ||||||||||||||
775,000 | Canadian Pacific Railway Co | 6.125 | 09/15/15 | 1,031,354 | ||||||||||||||
400,000 | CH Robinson Worldwide, Inc | 4.200 | 04/15/28 | 423,944 | ||||||||||||||
195,664 | Continental Airlines, Inc | 4.750 | 01/12/21 | 197,090 | ||||||||||||||
22,005 | Continental Airlines, Inc | 5.983 | 04/19/22 | 22,561 | ||||||||||||||
340,039 | Continental Airlines, Inc | 4.150 | 04/11/24 | 366,388 | ||||||||||||||
139,882 | Continental Airlines, Inc | 4.000 | 10/29/24 | 135,229 | ||||||||||||||
125,000 | CSX Corp | 3.700 | 11/01/23 | 131,547 | ||||||||||||||
300,000 | CSX Corp | 3.400 | 08/01/24 | 311,888 | ||||||||||||||
200,000 | CSX Corp | 3.350 | 11/01/25 | 210,459 | ||||||||||||||
1,200,000 | CSX Corp | 2.600 | 11/01/26 | 1,222,214 | ||||||||||||||
825,000 | CSX Corp | 4.250 | 03/15/29 | 925,674 | ||||||||||||||
600,000 | CSX Corp | 2.400 | 02/15/30 | 590,865 | ||||||||||||||
100,000 | CSX Corp | 6.000 | 10/01/36 | 121,142 | ||||||||||||||
200,000 | CSX Corp | 6.150 | 05/01/37 | 246,925 | ||||||||||||||
400,000 | CSX Corp | 5.500 | 04/15/41 | 471,535 | ||||||||||||||
350,000 | CSX Corp | 4.400 | 03/01/43 | 377,784 | ||||||||||||||
600,000 | CSX Corp | 4.100 | 03/15/44 | 623,968 | ||||||||||||||
800,000 | CSX Corp | 3.800 | 11/01/46 | 804,024 | ||||||||||||||
1,050,000 | CSX Corp | 4.300 | 03/01/48 | 1,152,398 | ||||||||||||||
850,000 | CSX Corp | 4.750 | 11/15/48 | 980,311 | ||||||||||||||
500,000 | CSX Corp | 4.500 | 03/15/49 | 575,873 | ||||||||||||||
600,000 | CSX Corp | 3.350 | 09/15/49 | 568,174 | ||||||||||||||
1,000,000 | CSX Corp | 3.800 | 04/15/50 | 1,050,401 | ||||||||||||||
200,000 | CSX Corp | 3.950 | 05/01/50 | 208,781 | ||||||||||||||
300,000 | CSX Corp | 4.500 | 08/01/54 | 339,463 | ||||||||||||||
150,000 | CSX Corp | 4.250 | 11/01/66 | 149,740 | ||||||||||||||
300,000 | CSX Corp | 4.650 | 03/01/68 | 327,313 | ||||||||||||||
68,091 | Delta Air Lines, Inc | 4.750 | 05/07/20 | 68,112 | ||||||||||||||
125,000 | Delta Air Lines, Inc | 2.600 | 12/04/20 | 119,338 | ||||||||||||||
225,000 | Delta Air Lines, Inc | 3.400 | 04/19/21 | 204,869 | ||||||||||||||
950,000 | Delta Air Lines, Inc | 3.625 | 03/15/22 | 888,619 | ||||||||||||||
450,000 | Delta Air Lines, Inc | 3.800 | 04/19/23 | 422,890 | ||||||||||||||
1,000,000 | Delta Air Lines, Inc | 2.900 | 10/28/24 | 800,388 | ||||||||||||||
100,609 | Delta Air Lines, Inc | 3.625 | 07/30/27 | 91,425 | ||||||||||||||
425,000 | Delta Air Lines, Inc | 4.375 | 04/19/28 | 341,120 | ||||||||||||||
300,000 | Delta Air Lines, Inc | 2.000 | 06/10/28 | 272,933 | ||||||||||||||
825,000 | Delta Air Lines, Inc | 3.750 | 10/28/29 | 664,849 | ||||||||||||||
175,000 | FedEx Corp | 3.400 | 01/14/22 | 175,973 | ||||||||||||||
300,000 | FedEx Corp | 4.000 | 01/15/24 | 313,032 |
81 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 100,000 | FedEx Corp | 3.200 | % | 02/01/25 | $ | 101,353 | |||||||||||
500,000 | FedEx Corp | 3.250 | 04/01/26 | 506,171 | ||||||||||||||
400,000 | FedEx Corp | 3.300 | 03/15/27 | 397,818 | ||||||||||||||
1,250,000 | FedEx Corp | 3.400 | 02/15/28 | 1,237,184 | ||||||||||||||
500,000 | FedEx Corp | 4.200 | 10/17/28 | 523,462 | ||||||||||||||
2,000,000 | FedEx Corp | 3.100 | 08/05/29 | 1,965,702 | ||||||||||||||
1,000,000 | FedEx Corp | 4.900 | 01/15/34 | 1,067,868 | ||||||||||||||
200,000 | FedEx Corp | 3.900 | 02/01/35 | 195,574 | ||||||||||||||
275,000 | FedEx Corp | 5.100 | 01/15/44 | 273,084 | ||||||||||||||
1,100,000 | FedEx Corp | 4.750 | 11/15/45 | 1,055,340 | ||||||||||||||
600,000 | FedEx Corp | 4.550 | 04/01/46 | 569,600 | ||||||||||||||
450,000 | FedEx Corp | 4.400 | 01/15/47 | 409,855 | ||||||||||||||
900,000 | FedEx Corp | 4.050 | 02/15/48 | 792,103 | ||||||||||||||
500,000 | FedEx Corp | 4.950 | 10/17/48 | 489,224 | ||||||||||||||
200,000 | FedEx Corp | 4.500 | 02/01/65 | 160,292 | ||||||||||||||
200,000 | GATX Corp | 4.350 | 02/15/24 | 213,535 | ||||||||||||||
500,000 | GATX Corp | 3.250 | 09/15/26 | 503,739 | ||||||||||||||
200,000 | GATX Corp | 3.500 | 03/15/28 | 201,082 | ||||||||||||||
200,000 | GATX Corp | 4.550 | 11/07/28 | 213,195 | ||||||||||||||
425,000 | GATX Corp | 4.700 | 04/01/29 | 460,844 | ||||||||||||||
225,000 | GATX Corp | 5.200 | 03/15/44 | 247,490 | ||||||||||||||
200,000 | JB Hunt Transport Services, Inc | 3.300 | 08/15/22 | 192,234 | ||||||||||||||
500,000 | JB Hunt Transport Services, Inc | 3.875 | 03/01/26 | 516,494 | ||||||||||||||
500,000 | JetBlue Pass Through Trust | 2.750 | 05/15/32 | 437,267 | ||||||||||||||
100,000 | Kansas City Southern | 3.000 | 05/15/23 | 94,682 | ||||||||||||||
100,000 | Kansas City Southern | 3.125 | 06/01/26 | 98,851 | ||||||||||||||
500,000 | Kansas City Southern | 2.875 | 11/15/29 | 480,186 | ||||||||||||||
100,000 | Kansas City Southern | 4.300 | 05/15/43 | 101,023 | ||||||||||||||
175,000 | Kansas City Southern | 4.950 | 08/15/45 | 182,027 | ||||||||||||||
800,000 | Kansas City Southern | 4.700 | 05/01/48 | 878,483 | ||||||||||||||
500,000 | Kansas City Southern | 4.200 | 11/15/69 | 480,060 | ||||||||||||||
350,000 | Kirby Corp | 4.200 | 03/01/28 | 345,078 | ||||||||||||||
100,000 | Norfolk Southern Corp | 3.250 | 12/01/21 | 101,089 | ||||||||||||||
250,000 | Norfolk Southern Corp | 3.000 | 04/01/22 | 248,868 | ||||||||||||||
1,291,000 | Norfolk Southern Corp | 2.903 | 02/15/23 | 1,305,431 | ||||||||||||||
350,000 | Norfolk Southern Corp | 2.900 | 06/15/26 | 356,840 | ||||||||||||||
300,000 | Norfolk Southern Corp | 3.150 | 06/01/27 | 298,064 | ||||||||||||||
700,000 | Norfolk Southern Corp | 3.800 | 08/01/28 | 720,569 | ||||||||||||||
16,000 | Norfolk Southern Corp | 4.837 | 10/01/41 | 18,879 | ||||||||||||||
300,000 | Norfolk Southern Corp | 4.450 | 06/15/45 | 332,595 | ||||||||||||||
200,000 | Norfolk Southern Corp | 4.650 | 01/15/46 | 235,317 | ||||||||||||||
303,000 | Norfolk Southern Corp | 3.942 | 11/01/47 | 316,164 | ||||||||||||||
1,450,000 | Norfolk Southern Corp | 4.150 | 02/28/48 | 1,532,043 | ||||||||||||||
500,000 | Norfolk Southern Corp | 4.100 | 05/15/49 | 534,633 | ||||||||||||||
500,000 | Norfolk Southern Corp | 3.400 | 11/01/49 | 485,921 | ||||||||||||||
175,000 | Norfolk Southern Corp | 4.050 | 08/15/52 | 188,915 | ||||||||||||||
850,000 | Norfolk Southern Corp | 5.100 | 08/01/18 | 959,901 | ||||||||||||||
500,000 | Royal Caribbean Cruises Ltd | 2.650 | 11/28/20 | 450,275 | ||||||||||||||
700,000 | Royal Caribbean Cruises Ltd | 3.700 | 03/15/28 | 440,867 | ||||||||||||||
500,000 | Ryder System, Inc | 3.500 | 06/01/21 | 499,860 | ||||||||||||||
500,000 | Ryder System, Inc | 2.875 | 06/01/22 | 501,436 | ||||||||||||||
500,000 | Ryder System, Inc | 2.500 | 09/01/22 | 470,602 | ||||||||||||||
200,000 | Ryder System, Inc | 3.400 | 03/01/23 | 201,953 |
82 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 200,000 | Ryder System, Inc | 3.750 | % | 06/09/23 | $ | 200,740 | |||||||||||
200,000 | Ryder System, Inc | 3.875 | 12/01/23 | 203,944 | ||||||||||||||
550,000 | Ryder System, Inc | 3.650 | 03/18/24 | 553,922 | ||||||||||||||
500,000 | Ryder System, Inc | 2.500 | 09/01/24 | 476,035 | ||||||||||||||
500,000 | Ryder System, Inc | 2.900 | 12/01/26 | 488,041 | ||||||||||||||
200,000 | Southwest Airlines Co | 2.750 | 11/16/22 | 184,779 | ||||||||||||||
200,000 | Southwest Airlines Co | 3.000 | 11/15/26 | 185,380 | ||||||||||||||
200,000 | Southwest Airlines Co | 3.450 | 11/16/27 | 179,705 | ||||||||||||||
300,000 | Southwest Airlines Co | 2.625 | 02/10/30 | 251,728 | ||||||||||||||
76,516 | Spirit Airlines, Inc | 4.100 | 04/01/28 | 74,450 | ||||||||||||||
300,000 | Union Pacific Corp | 3.200 | 06/08/21 | 302,876 | ||||||||||||||
300,000 | Union Pacific Corp | 2.950 | 03/01/22 | 303,472 | ||||||||||||||
506,000 | Union Pacific Corp | 4.163 | 07/15/22 | 520,189 | ||||||||||||||
500,000 | Union Pacific Corp | 2.950 | 01/15/23 | 511,284 | ||||||||||||||
300,000 | Union Pacific Corp | 3.500 | 06/08/23 | 307,935 | ||||||||||||||
277,000 | Union Pacific Corp | 3.646 | 02/15/24 | 288,154 | ||||||||||||||
300,000 | Union Pacific Corp | 3.150 | 03/01/24 | 312,050 | ||||||||||||||
200,000 | Union Pacific Corp | 3.750 | 03/15/24 | 211,447 | ||||||||||||||
200,000 | Union Pacific Corp | 3.250 | 01/15/25 | 210,901 | ||||||||||||||
500,000 | Union Pacific Corp | 3.750 | 07/15/25 | 537,381 | ||||||||||||||
200,000 | Union Pacific Corp | 3.250 | 08/15/25 | 206,465 | ||||||||||||||
300,000 | Union Pacific Corp | 2.750 | 03/01/26 | 303,193 | ||||||||||||||
500,000 | Union Pacific Corp | 2.150 | 02/05/27 | 488,684 | ||||||||||||||
1,825,000 | Union Pacific Corp | 3.950 | 09/10/28 | 1,959,283 | ||||||||||||||
700,000 | Union Pacific Corp | 3.700 | 03/01/29 | 755,417 | ||||||||||||||
100,000 | Union Pacific Corp | 3.375 | 02/01/35 | 103,304 | ||||||||||||||
100,000 | Union Pacific Corp | 3.600 | 09/15/37 | 103,517 | ||||||||||||||
925,000 | Union Pacific Corp | 4.375 | 09/10/38 | 1,051,565 | ||||||||||||||
500,000 | Union Pacific Corp | 3.550 | 08/15/39 | 503,402 | ||||||||||||||
100,000 | Union Pacific Corp | 4.300 | 06/15/42 | 109,439 | ||||||||||||||
150,000 | Union Pacific Corp | 4.250 | 04/15/43 | 163,182 | ||||||||||||||
200,000 | Union Pacific Corp | 4.050 | 11/15/45 | 210,734 | ||||||||||||||
200,000 | Union Pacific Corp | 3.350 | 08/15/46 | 199,965 | ||||||||||||||
300,000 | Union Pacific Corp | 4.000 | 04/15/47 | 317,388 | ||||||||||||||
1,775,000 | Union Pacific Corp | 4.300 | 03/01/49 | 2,017,094 | ||||||||||||||
1,000,000 | Union Pacific Corp | 3.250 | 02/05/50 | 971,671 | ||||||||||||||
1,070,000 | Union Pacific Corp | 3.799 | 10/01/51 | 1,148,473 | ||||||||||||||
200,000 | Union Pacific Corp | 3.875 | 02/01/55 | 200,200 | ||||||||||||||
300,000 | Union Pacific Corp | 3.950 | 08/15/59 | 324,081 | ||||||||||||||
1,925,000 | g | Union Pacific Corp | 3.839 | 03/20/60 | 2,060,048 | |||||||||||||
300,000 | Union Pacific Corp | 4.375 | 11/15/65 | 338,836 | ||||||||||||||
200,000 | Union Pacific Corp | 4.100 | 09/15/67 | 215,662 | ||||||||||||||
500,000 | Union Pacific Corp | 3.750 | 02/05/70 | 516,621 | ||||||||||||||
172,532 | Union Pacific Railroad Co | 2.695 | 05/12/27 | 181,274 | ||||||||||||||
500,000 | United Parcel Service, Inc | 2.350 | 05/16/22 | 511,156 | ||||||||||||||
1,675,000 | United Parcel Service, Inc | 2.450 | 10/01/22 | 1,681,403 | ||||||||||||||
500,000 | United Parcel Service, Inc | 2.200 | 09/01/24 | 517,153 | ||||||||||||||
300,000 | United Parcel Service, Inc | 2.800 | 11/15/24 | 311,787 | ||||||||||||||
125,000 | United Parcel Service, Inc | 2.400 | 11/15/26 | 128,390 | ||||||||||||||
875,000 | United Parcel Service, Inc | 3.050 | 11/15/27 | 900,604 | ||||||||||||||
500,000 | United Parcel Service, Inc | 3.400 | 03/15/29 | 528,354 | ||||||||||||||
500,000 | United Parcel Service, Inc | 2.500 | 09/01/29 | 481,565 | ||||||||||||||
750,000 | United Parcel Service, Inc | 4.450 | 04/01/30 | 848,956 | ||||||||||||||
510,000 | United Parcel Service, Inc | 6.200 | 01/15/38 | 664,281 |
83 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 450,000 | United Parcel Service, Inc | 3.625 | % | 10/01/42 | $ | 428,258 | |||||||||||
400,000 | United Parcel Service, Inc | 3.400 | 11/15/46 | 390,422 | ||||||||||||||
1,550,000 | United Parcel Service, Inc | 3.750 | 11/15/47 | 1,616,144 | ||||||||||||||
300,000 | United Parcel Service, Inc | 4.250 | 03/15/49 | 348,971 | ||||||||||||||
500,000 | United Parcel Service, Inc | 3.400 | 09/01/49 | 503,305 | ||||||||||||||
TOTAL TRANSPORTATION | 103,261,377 | |||||||||||||||||
UTILITIES – 2.0% | ||||||||||||||||||
200,000 | AEP Texas, Inc | 2.400 | 10/01/22 | 201,327 | ||||||||||||||
200,000 | AEP Texas, Inc | 3.950 | 06/01/28 | 209,192 | ||||||||||||||
200,000 | AEP Texas, Inc | 3.800 | 10/01/47 | 193,198 | ||||||||||||||
100,000 | AEP Texas, Inc | 4.150 | 05/01/49 | 103,607 | ||||||||||||||
550,000 | AEP Texas, Inc | 3.450 | 01/15/50 | 490,625 | ||||||||||||||
200,000 | AEP Transmission Co LLC | 3.100 | 12/01/26 | 207,886 | ||||||||||||||
600,000 | AEP Transmission Co LLC | 4.000 | 12/01/46 | 607,277 | ||||||||||||||
500,000 | AEP Transmission Co LLC | 3.750 | 12/01/47 | 516,238 | ||||||||||||||
200,000 | AEP Transmission Co LLC | 4.250 | 09/15/48 | 206,477 | ||||||||||||||
300,000 | AEP Transmission Co LLC | 3.800 | 06/15/49 | 324,299 | ||||||||||||||
300,000 | AEP Transmission Co LLC | 3.150 | 09/15/49 | 301,664 | ||||||||||||||
200,000 | Alabama Power Co | 2.450 | 03/30/22 | 202,432 | ||||||||||||||
475,000 | Alabama Power Co | 3.550 | 12/01/23 | 490,285 | ||||||||||||||
200,000 | Alabama Power Co | 3.850 | 12/01/42 | 205,962 | ||||||||||||||
400,000 | Alabama Power Co | 3.750 | 03/01/45 | 411,977 | ||||||||||||||
300,000 | Alabama Power Co | 4.300 | 01/02/46 | 335,925 | ||||||||||||||
750,000 | Alabama Power Co | 3.700 | 12/01/47 | 782,130 | ||||||||||||||
1,000,000 | Alabama Power Co | 4.300 | 07/15/48 | 1,130,674 | ||||||||||||||
500,000 | Alabama Power Co | 3.450 | 10/01/49 | 508,797 | ||||||||||||||
300,000 | Ameren Corp | 2.700 | 11/15/20 | 299,106 | ||||||||||||||
350,000 | Ameren Corp | 2.500 | 09/15/24 | 340,351 | ||||||||||||||
600,000 | Ameren Illinois Co | 2.700 | 09/01/22 | 586,237 | ||||||||||||||
300,000 | Ameren Illinois Co | 3.800 | 05/15/28 | 324,112 | ||||||||||||||
125,000 | Ameren Illinois Co | 4.150 | 03/15/46 | 138,154 | ||||||||||||||
1,150,000 | Ameren Illinois Co | 3.700 | 12/01/47 | 1,161,553 | ||||||||||||||
575,000 | Ameren Illinois Co | 4.500 | 03/15/49 | 682,374 | ||||||||||||||
300,000 | Ameren Illinois Co | 3.250 | 03/15/50 | 300,602 | ||||||||||||||
475,000 | American Electric Power Co, Inc | 2.150 | 11/13/20 | 471,491 | ||||||||||||||
300,000 | American Electric Power Co, Inc | 3.650 | 12/01/21 | 303,635 | ||||||||||||||
350,000 | American Electric Power Co, Inc | 3.200 | 11/13/27 | 346,924 | ||||||||||||||
700,000 | American Electric Power Co, Inc | 4.300 | 12/01/28 | 745,992 | ||||||||||||||
500,000 | American Electric Power Co, Inc | 2.300 | 03/01/30 | 466,481 | ||||||||||||||
500,000 | American Electric Power Co, Inc | 3.250 | 03/01/50 | 434,530 | ||||||||||||||
500,000 | American Water Capital Corp | 3.850 | 03/01/24 | 518,567 | ||||||||||||||
300,000 | American Water Capital Corp | 3.400 | 03/01/25 | 301,313 | ||||||||||||||
200,000 | American Water Capital Corp | 2.950 | 09/01/27 | 198,427 | ||||||||||||||
500,000 | American Water Capital Corp | 3.750 | 09/01/28 | 520,348 | ||||||||||||||
750,000 | American Water Capital Corp | 3.450 | 06/01/29 | 800,332 | ||||||||||||||
225,000 | American Water Capital Corp | 4.300 | 12/01/42 | 245,102 | ||||||||||||||
150,000 | American Water Capital Corp | 4.300 | 09/01/45 | 154,159 | ||||||||||||||
100,000 | American Water Capital Corp | 4.000 | 12/01/46 | 101,291 | ||||||||||||||
1,175,000 | American Water Capital Corp | 3.750 | 09/01/47 | 1,177,445 | ||||||||||||||
500,000 | American Water Capital Corp | 4.200 | 09/01/48 | 539,083 | ||||||||||||||
500,000 | American Water Capital Corp | 4.150 | 06/01/49 | 551,849 | ||||||||||||||
200,000 | Appalachian Power Co | 3.300 | 06/01/27 | 203,633 |
84 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 300,000 | Appalachian Power Co | 4.500 | % | 03/01/49 | $ | 312,739 | |||||||||||
125,000 | Aqua America, Inc | 3.566 | 05/01/29 | 127,412 | ||||||||||||||
200,000 | Aqua America, Inc | 4.276 | 05/01/49 | 216,147 | ||||||||||||||
200,000 | Arizona Public Service Co | 2.950 | 09/15/27 | 200,654 | ||||||||||||||
750,000 | Arizona Public Service Co | 2.600 | 08/15/29 | 721,366 | ||||||||||||||
350,000 | Arizona Public Service Co | 4.500 | 04/01/42 | 424,481 | ||||||||||||||
200,000 | Arizona Public Service Co | 4.350 | 11/15/45 | 225,377 | ||||||||||||||
410,000 | Arizona Public Service Co | 3.750 | 05/15/46 | 431,145 | ||||||||||||||
200,000 | Arizona Public Service Co | 4.200 | 08/15/48 | 204,597 | ||||||||||||||
200,000 | Arizona Public Service Co | 4.250 | 03/01/49 | 219,782 | ||||||||||||||
300,000 | Arizona Public Service Co | 3.500 | 12/01/49 | 305,182 | ||||||||||||||
900,000 | Atlantic City Electric Co | 4.000 | 10/15/28 | 966,390 | ||||||||||||||
650,000 | Atmos Energy Corp | 3.000 | 06/15/27 | 665,585 | ||||||||||||||
500,000 | Atmos Energy Corp | 2.625 | 09/15/29 | 495,595 | ||||||||||||||
100,000 | Atmos Energy Corp | 5.500 | 06/15/41 | 124,767 | ||||||||||||||
125,000 | Atmos Energy Corp | 4.150 | 01/15/43 | 131,639 | ||||||||||||||
600,000 | Atmos Energy Corp | 4.125 | 10/15/44 | 651,881 | ||||||||||||||
500,000 | Atmos Energy Corp | 4.300 | 10/01/48 | 565,809 | ||||||||||||||
300,000 | Atmos Energy Corp | 4.125 | 03/15/49 | 342,550 | ||||||||||||||
500,000 | Atmos Energy Corp | 3.375 | 09/15/49 | 507,093 | ||||||||||||||
500,000 | Avangrid, Inc | 3.150 | 12/01/24 | 497,366 | ||||||||||||||
625,000 | Avangrid, Inc | 3.800 | 06/01/29 | 639,735 | ||||||||||||||
150,000 | Avista Corp | 4.350 | 06/01/48 | 160,587 | ||||||||||||||
100,000 | Baltimore Gas & Electric Co | 3.500 | 11/15/21 | 99,486 | ||||||||||||||
200,000 | Baltimore Gas & Electric Co | 2.400 | 08/15/26 | 192,274 | ||||||||||||||
150,000 | Baltimore Gas & Electric Co | 3.500 | 08/15/46 | 151,339 | ||||||||||||||
200,000 | Baltimore Gas & Electric Co | 3.750 | 08/15/47 | 216,389 | ||||||||||||||
200,000 | Baltimore Gas & Electric Co | 4.250 | 09/15/48 | 232,553 | ||||||||||||||
500,000 | Baltimore Gas & Electric Co | 3.200 | 09/15/49 | 476,532 | ||||||||||||||
1,125,000 | Berkshire Hathaway Energy Co | 2.375 | 01/15/21 | 1,127,732 | ||||||||||||||
200,000 | Berkshire Hathaway Energy Co | 2.800 | 01/15/23 | 192,484 | ||||||||||||||
350,000 | Berkshire Hathaway Energy Co | 3.500 | 02/01/25 | 367,141 | ||||||||||||||
175,000 | Berkshire Hathaway Energy Co | 3.250 | 04/15/28 | 181,026 | ||||||||||||||
950,000 | Berkshire Hathaway Energy Co | 6.125 | 04/01/36 | 1,252,984 | ||||||||||||||
1,032,000 | Berkshire Hathaway Energy Co | 5.950 | 05/15/37 | 1,303,533 | ||||||||||||||
725,000 | Berkshire Hathaway Energy Co | 5.150 | 11/15/43 | 865,070 | ||||||||||||||
975,000 | Berkshire Hathaway Energy Co | 4.500 | 02/01/45 | 1,096,373 | ||||||||||||||
1,250,000 | Berkshire Hathaway Energy Co | 3.800 | 07/15/48 | 1,310,608 | ||||||||||||||
1,025,000 | Berkshire Hathaway Energy Co | 4.450 | 01/15/49 | 1,182,302 | ||||||||||||||
200,000 | Black Hills Corp | 4.250 | 11/30/23 | 209,789 | ||||||||||||||
100,000 | Black Hills Corp | 3.950 | 01/15/26 | 105,288 | ||||||||||||||
100,000 | Black Hills Corp | 3.150 | 01/15/27 | 106,761 | ||||||||||||||
300,000 | Black Hills Corp | 4.350 | 05/01/33 | 367,139 | ||||||||||||||
200,000 | Black Hills Corp | 4.200 | 09/15/46 | 202,048 | ||||||||||||||
400,000 | CenterPoint Energy Houston Electric LLC | 2.250 | 08/01/22 | 378,774 | ||||||||||||||
200,000 | CenterPoint Energy Houston Electric LLC | 2.400 | 09/01/26 | 200,774 | ||||||||||||||
300,000 | CenterPoint Energy Houston Electric LLC | 3.000 | 02/01/27 | 299,992 | ||||||||||||||
100,000 | CenterPoint Energy Houston Electric LLC | 6.950 | 03/15/33 | 143,109 | ||||||||||||||
300,000 | CenterPoint Energy Houston Electric LLC | 3.950 | 03/01/48 | 335,344 | ||||||||||||||
750,000 | CenterPoint Energy Houston Electric LLC | 4.250 | 02/01/49 | 863,246 | ||||||||||||||
423,000 | CenterPoint Energy Resources Corp | 4.500 | 01/15/21 | 426,596 | ||||||||||||||
200,000 | CenterPoint Energy Resources Corp | 3.550 | 04/01/23 | 203,064 | ||||||||||||||
200,000 | CenterPoint Energy Resources Corp | 4.000 | 04/01/28 | 202,684 | ||||||||||||||
700,000 | CenterPoint Energy Resources Corp | 4.100 | 09/01/47 | 726,720 |
85 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 400,000 | CenterPoint Energy, Inc | 3.600 | % | 11/01/21 | $ | 399,105 | |||||||||||
300,000 | CenterPoint Energy, Inc | 2.500 | 09/01/22 | 294,458 | ||||||||||||||
425,000 | CenterPoint Energy, Inc | 3.850 | 02/01/24 | 431,125 | ||||||||||||||
500,000 | CenterPoint Energy, Inc | 2.500 | 09/01/24 | 490,920 | ||||||||||||||
450,000 | CenterPoint Energy, Inc | 4.250 | 11/01/28 | 461,558 | ||||||||||||||
750,000 | CenterPoint Energy, Inc | 2.950 | 03/01/30 | 709,550 | ||||||||||||||
500,000 | CenterPoint Energy, Inc | 3.700 | 09/01/49 | 480,774 | ||||||||||||||
3,200,000 | g | Cheniere Corpus Christi Holdings LLC | 3.700 | 11/15/29 | 2,393,070 | |||||||||||||
425,000 | Cleco Corporate Holdings LLC | 3.743 | 05/01/26 | 416,473 | ||||||||||||||
300,000 | g | Cleco Corporate Holdings LLC | 3.375 | 09/15/29 | 298,004 | |||||||||||||
200,000 | Cleco Corporate Holdings LLC | 4.973 | 05/01/46 | 192,799 | ||||||||||||||
790,000 | CMS Energy Corp | 3.450 | 08/15/27 | 800,911 | ||||||||||||||
775,000 | Commonwealth Edison Co | 4.000 | 08/01/20 | 775,314 | ||||||||||||||
250,000 | Commonwealth Edison Co | 2.550 | 06/15/26 | 247,110 | ||||||||||||||
1,355,000 | Commonwealth Edison Co | 2.950 | 08/15/27 | 1,330,152 | ||||||||||||||
300,000 | Commonwealth Edison Co | 3.700 | 08/15/28 | 321,035 | ||||||||||||||
500,000 | Commonwealth Edison Co | 2.200 | 03/01/30 | 478,321 | ||||||||||||||
200,000 | Commonwealth Edison Co | 3.800 | 10/01/42 | 211,983 | ||||||||||||||
300,000 | Commonwealth Edison Co | 4.700 | 01/15/44 | 359,422 | ||||||||||||||
100,000 | Commonwealth Edison Co | 3.700 | 03/01/45 | 105,152 | ||||||||||||||
250,000 | Commonwealth Edison Co | 3.650 | 06/15/46 | 264,753 | ||||||||||||||
400,000 | Commonwealth Edison Co | 3.750 | 08/15/47 | 432,777 | ||||||||||||||
1,175,000 | Commonwealth Edison Co | 4.000 | 03/01/48 | 1,320,406 | ||||||||||||||
1,300,000 | Commonwealth Edison Co | 4.000 | 03/01/49 | 1,476,633 | ||||||||||||||
500,000 | Commonwealth Edison Co | 3.200 | 11/15/49 | 503,144 | ||||||||||||||
500,000 | Commonwealth Edison Co | 3.000 | 03/01/50 | 471,139 | ||||||||||||||
625,000 | Connecticut Light & Power Co | 3.200 | 03/15/27 | 662,149 | ||||||||||||||
400,000 | Connecticut Light & Power Co | 4.300 | 04/15/44 | 457,756 | ||||||||||||||
250,000 | Connecticut Light & Power Co | 4.150 | 06/01/45 | 278,748 | ||||||||||||||
775,000 | Connecticut Light & Power Co | 4.000 | 04/01/48 | 865,241 | ||||||||||||||
200,000 | Consolidated Edison Co of New York, Inc | 3.800 | 05/15/28 | 212,633 | ||||||||||||||
300,000 | Consolidated Edison Co of New York, Inc | 4.000 | 12/01/28 | 321,439 | ||||||||||||||
100,000 | Consolidated Edison Co of New York, Inc | 3.350 | 04/01/30 | 103,145 | ||||||||||||||
200,000 | Consolidated Edison Co of New York, Inc | 4.200 | 03/15/42 | 210,561 | ||||||||||||||
550,000 | Consolidated Edison Co of New York, Inc | 3.950 | 03/01/43 | 514,025 | ||||||||||||||
1,475,000 | Consolidated Edison Co of New York, Inc | 4.450 | 03/15/44 | 1,632,873 | ||||||||||||||
150,000 | Consolidated Edison Co of New York, Inc | 4.500 | 12/01/45 | 166,139 | ||||||||||||||
400,000 | Consolidated Edison Co of New York, Inc | 3.850 | 06/15/46 | 396,204 | ||||||||||||||
400,000 | Consolidated Edison Co of New York, Inc | 3.875 | 06/15/47 | 397,971 | ||||||||||||||
300,000 | Consolidated Edison Co of New York, Inc | 4.650 | 12/01/48 | 343,151 | ||||||||||||||
500,000 | Consolidated Edison Co of New York, Inc | 4.125 | 05/15/49 | 541,385 | ||||||||||||||
700,000 | Consolidated Edison Co of New York, Inc | 3.950 | 04/01/50 | 728,943 | ||||||||||||||
850,000 | Consolidated Edison Co of New York, Inc | 4.625 | 12/01/54 | 952,180 | ||||||||||||||
200,000 | Consolidated Edison Co of New York, Inc | 4.300 | 12/01/56 | 211,248 | ||||||||||||||
1,300,000 | Consolidated Edison Co of New York, Inc | 4.000 | 11/15/57 | 1,340,820 | ||||||||||||||
400,000 | Consolidated Edison Co of New York, Inc | 4.500 | 05/15/58 | 441,252 | ||||||||||||||
1,000,000 | Consolidated Edison Co of New York, Inc | 3.700 | 11/15/59 | 949,415 | ||||||||||||||
175,000 | Consolidated Edison, Inc | 2.000 | 05/15/21 | 172,880 | ||||||||||||||
150,000 | Consumers Energy Co | 2.850 | 05/15/22 | 151,808 | ||||||||||||||
200,000 | Consumers Energy Co | 3.375 | 08/15/23 | 208,236 | ||||||||||||||
250,000 | Consumers Energy Co | 3.800 | 11/15/28 | 262,146 | ||||||||||||||
600,000 | Consumers Energy Co | 3.950 | 07/15/47 | 697,612 | ||||||||||||||
600,000 | Consumers Energy Co | 4.050 | 05/15/48 | 694,103 |
86 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 350,000 | Consumers Energy Co | 4.350 | % | 04/15/49 | $ | 420,911 | |||||||||||
500,000 | Consumers Energy Co | 3.750 | 02/15/50 | 542,150 | ||||||||||||||
500,000 | Consumers Energy Co | 3.100 | 08/15/50 | 487,605 | ||||||||||||||
150,000 | Consumers Energy Co | 3.500 | 08/01/51 | 161,358 | ||||||||||||||
300,000 | g | Dayton Power & Light Co | 3.950 | 06/15/49 | 302,935 | |||||||||||||
200,000 | Delmarva Power & Light Co | 4.150 | 05/15/45 | 222,749 | ||||||||||||||
250,000 | Dominion Energy Gas Holdings LLC | 2.800 | 11/15/20 | 248,718 | ||||||||||||||
200,000 | Dominion Energy Gas Holdings LLC | 3.550 | 11/01/23 | 203,227 | ||||||||||||||
250,000 | Dominion Energy Gas Holdings LLC | 2.500 | 11/15/24 | 242,909 | ||||||||||||||
200,000 | Dominion Energy Gas Holdings LLC | 3.600 | 12/15/24 | 205,967 | ||||||||||||||
750,000 | Dominion Energy Gas Holdings LLC | 3.000 | 11/15/29 | 703,096 | ||||||||||||||
200,000 | Dominion Energy Gas Holdings LLC | 4.800 | 11/01/43 | 201,512 | ||||||||||||||
200,000 | Dominion Energy Gas Holdings LLC | 4.600 | 12/15/44 | 198,297 | ||||||||||||||
550,000 | Dominion Energy Gas Holdings LLC | 3.900 | 11/15/49 | 475,656 | ||||||||||||||
500,000 | Dominion Energy, Inc | 2.579 | 07/01/20 | 499,401 | ||||||||||||||
300,000 | Dominion Energy, Inc | 3.300 | 03/15/25 | 304,140 | ||||||||||||||
1,750,000 | Dominion Energy, Inc | 3.900 | 10/01/25 | 1,806,491 | ||||||||||||||
775,000 | Dominion Energy, Inc | 3.600 | 03/15/27 | 790,449 | ||||||||||||||
500,000 | Dominion Energy, Inc | 4.250 | 06/01/28 | 524,202 | ||||||||||||||
200,000 | Dominion Energy, Inc | 4.700 | 12/01/44 | 205,407 | ||||||||||||||
500,000 | Dominion Energy, Inc | 4.600 | 03/15/49 | 516,528 | ||||||||||||||
350,000 | Dominion Energy, Inc (Step Bond) | 2.715 | 08/15/21 | 345,256 | ||||||||||||||
225,000 | Dominion Energy, Inc (Step Bond) | 3.071 | 08/15/24 | 224,873 | ||||||||||||||
300,000 | g | DPL, Inc | 4.350 | 04/15/29 | 285,446 | |||||||||||||
400,000 | DTE Electric Co | 3.450 | 10/01/20 | 400,734 | ||||||||||||||
200,000 | DTE Electric Co | 3.650 | 03/15/24 | 205,432 | ||||||||||||||
750,000 | DTE Electric Co | 2.250 | 03/01/30 | 725,547 | ||||||||||||||
200,000 | DTE Electric Co | 4.000 | 04/01/43 | 217,544 | ||||||||||||||
100,000 | DTE Electric Co | 3.700 | 06/01/46 | 105,982 | ||||||||||||||
500,000 | DTE Electric Co | 3.750 | 08/15/47 | 527,445 | ||||||||||||||
1,000,000 | DTE Electric Co | 4.050 | 05/15/48 | 1,135,217 | ||||||||||||||
525,000 | DTE Electric Co | 3.950 | 03/01/49 | 572,815 | ||||||||||||||
1,000,000 | DTE Electric Co | 2.950 | 03/01/50 | 932,825 | ||||||||||||||
350,000 | DTE Energy Co | 2.600 | 06/15/22 | 348,585 | ||||||||||||||
200,000 | DTE Energy Co | 3.300 | 06/15/22 | 204,974 | ||||||||||||||
275,000 | DTE Energy Co | 2.250 | 11/01/22 | 272,173 | ||||||||||||||
1,875,000 | DTE Energy Co | 3.700 | 08/01/23 | �� | 1,892,228 | |||||||||||||
200,000 | DTE Energy Co | 3.850 | 12/01/23 | 203,049 | ||||||||||||||
200,000 | DTE Energy Co | 3.500 | 06/01/24 | 205,876 | ||||||||||||||
1,000,000 | DTE Energy Co | 2.529 | 10/01/24 | 972,052 | ||||||||||||||
350,000 | DTE Energy Co | 3.400 | 06/15/29 | 350,415 | ||||||||||||||
500,000 | DTE Energy Co | 2.950 | 03/01/30 | 479,130 | ||||||||||||||
300,000 | Duke Energy Carolinas LLC | 3.350 | 05/15/22 | 308,821 | ||||||||||||||
200,000 | Duke Energy Carolinas LLC | 2.500 | 03/15/23 | 202,178 | ||||||||||||||
2,000,000 | Duke Energy Carolinas LLC | 3.050 | 03/15/23 | 2,047,740 | ||||||||||||||
200,000 | Duke Energy Carolinas LLC | 2.950 | 12/01/26 | 209,039 | ||||||||||||||
500,000 | Duke Energy Carolinas LLC | 3.950 | 11/15/28 | 553,836 | ||||||||||||||
500,000 | Duke Energy Carolinas LLC | 2.450 | 08/15/29 | 490,467 | ||||||||||||||
500,000 | Duke Energy Carolinas LLC | 2.450 | 02/01/30 | 497,099 | ||||||||||||||
125,000 | Duke Energy Carolinas LLC | 5.300 | 02/15/40 | 158,065 | ||||||||||||||
300,000 | Duke Energy Carolinas LLC | 3.750 | 06/01/45 | 330,008 | ||||||||||||||
200,000 | Duke Energy Carolinas LLC | 3.875 | 03/15/46 | 225,979 | ||||||||||||||
1,750,000 | Duke Energy Carolinas LLC | 3.700 | 12/01/47 | 1,925,244 | ||||||||||||||
1,500,000 | Duke Energy Carolinas LLC | 3.950 | 03/15/48 | 1,693,207 |
87 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,000,000 | Duke Energy Carolinas LLC | 3.200 | % | 08/15/49 | $ | 1,010,250 | |||||||||||
250,000 | Duke Energy Corp | 1.800 | 09/01/21 | 248,299 | ||||||||||||||
300,000 | Duke Energy Corp | 3.050 | 08/15/22 | 302,417 | ||||||||||||||
300,000 | Duke Energy Corp | 3.950 | 10/15/23 | 313,435 | ||||||||||||||
900,000 | Duke Energy Corp | 3.750 | 04/15/24 | 932,627 | ||||||||||||||
2,700,000 | Duke Energy Corp | 2.650 | 09/01/26 | 2,679,476 | ||||||||||||||
350,000 | Duke Energy Corp | 3.150 | 08/15/27 | 344,750 | ||||||||||||||
500,000 | Duke Energy Corp | 3.400 | 06/15/29 | 504,569 | ||||||||||||||
300,000 | Duke Energy Corp | 4.800 | 12/15/45 | 327,696 | ||||||||||||||
3,475,000 | Duke Energy Corp | 3.750 | 09/01/46 | 3,331,190 | ||||||||||||||
500,000 | Duke Energy Corp | 4.200 | 06/15/49 | 503,712 | ||||||||||||||
1,200,000 | Duke Energy Florida LLC | 3.100 | 08/15/21 | 1,209,029 | ||||||||||||||
1,200,000 | Duke Energy Florida LLC | 3.200 | 01/15/27 | 1,246,786 | ||||||||||||||
300,000 | Duke Energy Florida LLC | 3.800 | 07/15/28 | 323,006 | ||||||||||||||
1,000,000 | Duke Energy Florida LLC | 2.500 | 12/01/29 | 982,790 | ||||||||||||||
375,000 | Duke Energy Florida LLC | 6.400 | 06/15/38 | 545,604 | ||||||||||||||
500,000 | Duke Energy Florida LLC | 3.400 | 10/01/46 | 516,426 | ||||||||||||||
300,000 | Duke Energy Florida LLC | 4.200 | 07/15/48 | 342,037 | ||||||||||||||
300,000 | Duke Energy Indiana LLC | 3.750 | 05/15/46 | 325,981 | ||||||||||||||
500,000 | Duke Energy Indiana LLC | 3.250 | 10/01/49 | 505,305 | ||||||||||||||
275,000 | Duke Energy Indiana LLC | 2.750 | 04/01/50 | 253,189 | ||||||||||||||
200,000 | Duke Energy Ohio, Inc | 3.650 | 02/01/29 | 212,429 | ||||||||||||||
200,000 | Duke Energy Ohio, Inc | 3.700 | 06/15/46 | 215,639 | ||||||||||||||
200,000 | Duke Energy Ohio, Inc | 4.300 | 02/01/49 | 234,144 | ||||||||||||||
350,000 | Duke Energy Progress LLC | 3.000 | 09/15/21 | 355,084 | ||||||||||||||
150,000 | Duke Energy Progress LLC | 2.800 | 05/15/22 | 152,156 | ||||||||||||||
300,000 | Duke Energy Progress LLC | 3.375 | 09/01/23 | 312,119 | ||||||||||||||
300,000 | Duke Energy Progress LLC | 3.250 | 08/15/25 | 319,743 | ||||||||||||||
300,000 | Duke Energy Progress LLC | 3.700 | 09/01/28 | 321,001 | ||||||||||||||
5,600,000 | Duke Energy Progress LLC | 3.450 | 03/15/29 | 6,006,726 | ||||||||||||||
400,000 | Duke Energy Progress LLC | 4.375 | 03/30/44 | 460,341 | ||||||||||||||
500,000 | Duke Energy Progress LLC | 4.150 | 12/01/44 | 563,939 | ||||||||||||||
300,000 | Duke Energy Progress LLC | 4.200 | 08/15/45 | 343,100 | ||||||||||||||
500,000 | Duke Energy Progress LLC | 3.700 | 10/15/46 | 539,012 | ||||||||||||||
200,000 | Duke Energy Progress LLC | 3.600 | 09/15/47 | 212,003 | ||||||||||||||
200,000 | Edison International | 2.125 | 04/15/20 | 199,751 | ||||||||||||||
200,000 | Edison International | 2.400 | 09/15/22 | 193,000 | ||||||||||||||
300,000 | Edison International | 3.125 | 11/15/22 | 294,796 | ||||||||||||||
800,000 | Edison International | 3.550 | 11/15/24 | 794,650 | ||||||||||||||
750,000 | Edison International | 5.750 | 06/15/27 | 779,597 | ||||||||||||||
300,000 | Edison International | 4.125 | 03/15/28 | 287,201 | ||||||||||||||
200,000 | El Paso Electric Co | 5.000 | 12/01/44 | 237,691 | ||||||||||||||
300,000 | Emera US Finance LP | 2.700 | 06/15/21 | 303,429 | ||||||||||||||
1,075,000 | Emera US Finance LP | 3.550 | 06/15/26 | 1,025,294 | ||||||||||||||
625,000 | Emera US Finance LP | 4.750 | 06/15/46 | 576,138 | ||||||||||||||
50,000 | Empresa Nacional de Electricidad S.A. | 4.250 | 04/15/24 | 49,176 | ||||||||||||||
675,000 | Enel Chile S.A. | 4.875 | 06/12/28 | 665,550 | ||||||||||||||
400,000 | Enersis Americas S.A. | 4.000 | 10/25/26 | 373,704 | ||||||||||||||
125,000 | Entergy Arkansas LLC | 3.750 | 02/15/21 | 125,922 | ||||||||||||||
175,000 | Entergy Arkansas LLC | 3.700 | 06/01/24 | 183,669 | ||||||||||||||
600,000 | Entergy Arkansas LLC | 3.500 | 04/01/26 | 635,574 | ||||||||||||||
200,000 | Entergy Arkansas LLC | 4.200 | 04/01/49 | 227,097 | ||||||||||||||
200,000 | Entergy Corp | 5.125 | 09/15/20 | 199,955 |
88 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 200,000 | Entergy Corp | 4.000 | % | 07/15/22 | $ | 205,207 | |||||||||||
1,300,000 | Entergy Corp | 2.950 | 09/01/26 | 1,288,557 | ||||||||||||||
200,000 | Entergy Louisiana LLC | 4.050 | 09/01/23 | 204,374 | ||||||||||||||
200,000 | Entergy Louisiana LLC | 2.400 | 10/01/26 | 196,372 | ||||||||||||||
200,000 | Entergy Louisiana LLC | 3.120 | 09/01/27 | 207,746 | ||||||||||||||
1,500,000 | Entergy Louisiana LLC | 4.000 | 03/15/33 | 1,664,128 | ||||||||||||||
300,000 | Entergy Louisiana LLC | 4.200 | 09/01/48 | 340,700 | ||||||||||||||
300,000 | Entergy Louisiana LLC | 4.200 | 04/01/50 | 344,157 | ||||||||||||||
500,000 | Entergy Louisiana LLC | 2.900 | 03/15/51 | 438,802 | ||||||||||||||
800,000 | Entergy Mississippi LLC | 3.850 | 06/01/49 | 815,911 | ||||||||||||||
1,000,000 | Entergy Texas, Inc | 4.000 | 03/30/29 | 1,091,042 | ||||||||||||||
200,000 | Entergy Texas, Inc | 4.500 | 03/30/39 | 234,911 | ||||||||||||||
700,000 | Entergy Texas, Inc | 3.550 | 09/30/49 | 709,915 | ||||||||||||||
200,000 | Evergy, Inc | 4.850 | 06/01/21 | 202,109 | ||||||||||||||
1,100,000 | Evergy, Inc | 2.450 | 09/15/24 | 1,079,229 | ||||||||||||||
750,000 | Evergy, Inc | 2.900 | 09/15/29 | 710,480 | ||||||||||||||
500,000 | Eversource Energy | 2.500 | 03/15/21 | 501,825 | ||||||||||||||
750,000 | Eversource Energy | 2.750 | 03/15/22 | 760,636 | ||||||||||||||
300,000 | Eversource Energy | 3.800 | 12/01/23 | 328,484 | ||||||||||||||
300,000 | Eversource Energy | 2.900 | 10/01/24 | 307,719 | ||||||||||||||
200,000 | Eversource Energy | 3.300 | 01/15/28 | 203,391 | ||||||||||||||
300,000 | Eversource Energy | 4.250 | 04/01/29 | 317,038 | ||||||||||||||
1,000,000 | Eversource Energy | 3.450 | 01/15/50 | 900,793 | ||||||||||||||
1,122,000 | Exelon Corp | 2.450 | 04/15/21 | 1,111,344 | ||||||||||||||
1,200,000 | Exelon Corp | 3.497 | 06/01/22 | 1,161,612 | ||||||||||||||
925,000 | Exelon Corp | 3.950 | 06/15/25 | 929,228 | ||||||||||||||
425,000 | Exelon Corp | 3.400 | 04/15/26 | 412,060 | ||||||||||||||
500,000 | Exelon Corp | 4.950 | 06/15/35 | 531,421 | ||||||||||||||
975,000 | Exelon Corp | 4.450 | 04/15/46 | 986,829 | ||||||||||||||
100,000 | Exelon Corp | 4.700 | 04/15/50 | 104,455 | ||||||||||||||
150,000 | Exelon Generation Co LLC | 3.400 | 03/15/22 | 151,681 | ||||||||||||||
200,000 | Exelon Generation Co LLC | 4.250 | 06/15/22 | 200,024 | ||||||||||||||
900,000 | Exelon Generation Co LLC | 6.250 | 10/01/39 | 846,491 | ||||||||||||||
625,000 | Exelon Generation Co LLC | 5.600 | 06/15/42 | 603,644 | ||||||||||||||
500,000 | FirstEnergy Corp | 2.850 | 07/15/22 | 487,574 | ||||||||||||||
325,000 | FirstEnergy Corp | 4.250 | 03/15/23 | 331,940 | ||||||||||||||
750,000 | FirstEnergy Corp | 2.050 | 03/01/25 | 725,066 | ||||||||||||||
2,100,000 | FirstEnergy Corp | 3.900 | 07/15/27 | 2,122,576 | ||||||||||||||
750,000 | FirstEnergy Corp | 2.650 | 03/01/30 | 706,902 | ||||||||||||||
325,000 | FirstEnergy Corp | 7.375 | 11/15/31 | 436,837 | ||||||||||||||
1,250,000 | FirstEnergy Corp | 4.850 | 07/15/47 | 1,397,841 | ||||||||||||||
750,000 | FirstEnergy Corp | 3.400 | 03/01/50 | 709,033 | ||||||||||||||
400,000 | Florida Power & Light Co | 2.750 | 06/01/23 | 413,229 | ||||||||||||||
500,000 | Florida Power & Light Co | 3.250 | 06/01/24 | 507,967 | ||||||||||||||
907,000 | Florida Power & Light Co | 3.125 | 12/01/25 | 926,976 | ||||||||||||||
100,000 | Florida Power & Light Co | 4.125 | 02/01/42 | 108,331 | ||||||||||||||
200,000 | Florida Power & Light Co | 4.050 | 06/01/42 | 226,495 | ||||||||||||||
450,000 | Florida Power & Light Co | 3.800 | 12/15/42 | 501,513 | ||||||||||||||
400,000 | Florida Power & Light Co | 4.050 | 10/01/44 | 466,926 | ||||||||||||||
500,000 | Florida Power & Light Co | 3.700 | 12/01/47 | 551,756 | ||||||||||||||
1,675,000 | Florida Power & Light Co | 3.950 | 03/01/48 | 1,999,174 | ||||||||||||||
500,000 | Florida Power & Light Co | 4.125 | 06/01/48 | 566,481 | ||||||||||||||
1,100,000 | Florida Power & Light Co | 3.990 | 03/01/49 | 1,240,558 | ||||||||||||||
400,000 | Florida Power & Light Co | 3.150 | 10/01/49 | 414,962 |
89 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 768,000 | Fortis, Inc | 3.055 | % | 10/04/26 | $ | 735,722 | |||||||||||
500,000 | Georgetown University | 2.943 | 04/01/50 | 480,721 | ||||||||||||||
225,000 | Georgia Power Co | 2.100 | 07/30/23 | 219,414 | ||||||||||||||
600,000 | Georgia Power Co | 2.200 | 09/15/24 | 562,916 | ||||||||||||||
100,000 | Georgia Power Co | 3.250 | 04/01/26 | 103,818 | ||||||||||||||
700,000 | Georgia Power Co | 3.250 | 03/30/27 | 713,010 | ||||||||||||||
700,000 | Georgia Power Co | 2.650 | 09/15/29 | 684,995 | ||||||||||||||
625,000 | Georgia Power Co | 4.300 | 03/15/42 | 679,402 | ||||||||||||||
700,000 | Georgia Power Co | 4.300 | 03/15/43 | 732,188 | ||||||||||||||
325,000 | Georgia Power Co | 3.700 | 01/30/50 | 336,878 | ||||||||||||||
200,000 | Gulf Power Co | 3.300 | 05/30/27 | 196,124 | ||||||||||||||
250,000 | Iberdrola International BV | 5.810 | 03/15/25 | 278,326 | ||||||||||||||
400,000 | Iberdrola International BV | 6.750 | 07/15/36 | 567,704 | ||||||||||||||
500,000 | Indiana Michigan Power Co | 3.850 | 05/15/28 | 538,968 | ||||||||||||||
225,000 | Indiana Michigan Power Co | 4.550 | 03/15/46 | 252,150 | ||||||||||||||
100,000 | Indiana Michigan Power Co | 3.750 | 07/01/47 | 104,215 | ||||||||||||||
300,000 | Indiana Michigan Power Co | 4.250 | 08/15/48 | 339,489 | ||||||||||||||
500,000 | Interstate Power & Light Co | 3.250 | 12/01/24 | 505,630 | ||||||||||||||
725,000 | Interstate Power & Light Co | 4.100 | 09/26/28 | 812,111 | ||||||||||||||
325,000 | Interstate Power & Light Co | 3.600 | 04/01/29 | 368,749 | ||||||||||||||
100,000 | Interstate Power & Light Co | 6.250 | 07/15/39 | 128,436 | ||||||||||||||
100,000 | Interstate Power & Light Co | 3.700 | 09/15/46 | 93,981 | ||||||||||||||
300,000 | Interstate Power & Light Co | 3.500 | 09/30/49 | 272,040 | ||||||||||||||
1,000,000 | IPALCO Enterprises, Inc | 3.700 | 09/01/24 | 1,036,540 | ||||||||||||||
300,000 | ITC Holdings Corp | 2.700 | 11/15/22 | 297,885 | ||||||||||||||
300,000 | ITC Holdings Corp | 3.650 | 06/15/24 | 304,975 | ||||||||||||||
100,000 | ITC Holdings Corp | 3.250 | 06/30/26 | 101,635 | ||||||||||||||
900,000 | ITC Holdings Corp | 3.350 | 11/15/27 | 922,415 | ||||||||||||||
200,000 | Kansas City Power & Light Co | 3.650 | 08/15/25 | 208,050 | ||||||||||||||
100,000 | Kansas City Power & Light Co | 5.300 | 10/01/41 | 120,045 | ||||||||||||||
650,000 | Kansas City Power & Light Co | 4.200 | 06/15/47 | 727,876 | ||||||||||||||
100,000 | Kansas City Power & Light Co | 4.200 | 03/15/48 | 112,035 | ||||||||||||||
300,000 | Kansas City Power & Light Co | 4.125 | 04/01/49 | 336,908 | ||||||||||||||
300,000 | Kentucky Utilities Co | 4.375 | 10/01/45 | 335,191 | ||||||||||||||
250,000 | KeySpan Corp | 5.803 | 04/01/35 | 284,685 | ||||||||||||||
320,000 | LG&E and KU Energy LLC | 3.750 | 11/15/20 | 317,799 | ||||||||||||||
300,000 | Louisville Gas & Electric Co | 4.250 | 04/01/49 | 341,300 | ||||||||||||||
1,500,000 | MidAmerican Energy Co | 3.100 | 05/01/27 | 1,542,831 | ||||||||||||||
575,000 | MidAmerican Energy Co | 3.650 | 04/15/29 | 628,057 | ||||||||||||||
200,000 | MidAmerican Energy Co | 4.800 | 09/15/43 | 217,481 | ||||||||||||||
200,000 | MidAmerican Energy Co | 4.400 | 10/15/44 | 228,038 | ||||||||||||||
200,000 | MidAmerican Energy Co | 4.250 | 05/01/46 | 224,659 | ||||||||||||||
500,000 | MidAmerican Energy Co | 3.950 | 08/01/47 | 538,602 | ||||||||||||||
1,000,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 1,073,339 | ||||||||||||||
300,000 | MidAmerican Energy Co | 4.250 | 07/15/49 | 351,660 | ||||||||||||||
300,000 | MidAmerican Energy Co | 3.150 | 04/15/50 | 304,172 | ||||||||||||||
500,000 | Mississippi Power Co | 3.950 | 03/30/28 | 515,094 | ||||||||||||||
750,000 | Mississippi Power Co | 4.250 | 03/15/42 | 716,733 | ||||||||||||||
100,000 | National Fuel Gas Co | 4.900 | 12/01/21 | 97,922 | ||||||||||||||
200,000 | National Fuel Gas Co | 3.750 | 03/01/23 | 188,591 | ||||||||||||||
300,000 | National Fuel Gas Co | 5.200 | 07/15/25 | 271,600 | ||||||||||||||
200,000 | National Fuel Gas Co | 3.950 | 09/15/27 | 164,261 | ||||||||||||||
200,000 | National Fuel Gas Co | 4.750 | 09/01/28 | 185,275 |
90 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 1,000,000 | Nevada Power Co | 3.700 | % | 05/01/29 | $ | 1,062,462 | |||||||||||
500,000 | Nevada Power Co | 2.400 | 05/01/30 | 477,384 | ||||||||||||||
500,000 | Nevada Power Co | 3.125 | 08/01/50 | 461,891 | ||||||||||||||
500,000 | NextEra Energy Capital Holdings, Inc | 4.500 | 06/01/21 | 510,055 | ||||||||||||||
1,500,000 | NextEra Energy Capital Holdings, Inc | 2.403 | 09/01/21 | 1,497,420 | ||||||||||||||
500,000 | NextEra Energy Capital Holdings, Inc | 2.900 | 04/01/22 | 504,633 | ||||||||||||||
300,000 | NextEra Energy Capital Holdings, Inc | 2.800 | 01/15/23 | 304,254 | ||||||||||||||
850,000 | NextEra Energy Capital Holdings, Inc | 3.150 | 04/01/24 | 869,864 | ||||||||||||||
750,000 | NextEra Energy Capital Holdings, Inc | 3.250 | 04/01/26 | 776,207 | ||||||||||||||
1,125,000 | NextEra Energy Capital Holdings, Inc | 3.550 | 05/01/27 | 1,161,198 | ||||||||||||||
300,000 | NextEra Energy Capital Holdings, Inc | 3.500 | 04/01/29 | 313,328 | ||||||||||||||
450,000 | NextEra Energy Capital Holdings, Inc | 2.750 | 11/01/29 | 434,338 | ||||||||||||||
1,700,000 | NextEra Energy Capital Holdings, Inc | 5.650 | 05/01/79 | 1,565,449 | ||||||||||||||
150,000 | NiSource, Inc | 2.650 | 11/17/22 | 151,313 | ||||||||||||||
500,000 | NiSource, Inc | 3.650 | 06/15/23 | 511,993 | ||||||||||||||
1,000,000 | NiSource, Inc | 3.490 | 05/15/27 | 1,011,782 | ||||||||||||||
750,000 | NiSource, Inc | 2.950 | 09/01/29 | 712,416 | ||||||||||||||
100,000 | NiSource, Inc | 5.950 | 06/15/41 | 115,333 | ||||||||||||||
700,000 | NiSource, Inc | 5.250 | 02/15/43 | 755,669 | ||||||||||||||
450,000 | NiSource, Inc | 4.800 | 02/15/44 | 454,550 | ||||||||||||||
815,000 | NiSource, Inc | 5.650 | 02/01/45 | 936,829 | ||||||||||||||
350,000 | NiSource, Inc | 4.375 | 05/15/47 | 354,949 | ||||||||||||||
500,000 | NiSource, Inc | 3.950 | 03/30/48 | 508,434 | ||||||||||||||
800,000 | Northern States Power Co | 2.200 | 08/15/20 | 798,604 | ||||||||||||||
150,000 | Northern States Power Co | 2.150 | 08/15/22 | 149,009 | ||||||||||||||
300,000 | Northern States Power Co | 2.600 | 05/15/23 | 303,818 | ||||||||||||||
425,000 | Northern States Power Co | 5.350 | 11/01/39 | 555,989 | ||||||||||||||
175,000 | Northern States Power Co | 3.600 | 05/15/46 | 181,387 | ||||||||||||||
1,950,000 | Northern States Power Co | 3.600 | 09/15/47 | 2,081,799 | ||||||||||||||
325,000 | Northern States Power Co | 2.900 | 03/01/50 | 320,244 | ||||||||||||||
1,000,000 | Northwest Pipeline LLC | 4.000 | 04/01/27 | 992,162 | ||||||||||||||
200,000 | NorthWestern Corp | 4.176 | 11/15/44 | 219,805 | ||||||||||||||
200,000 | NSTAR Electric Co | 2.375 | 10/15/22 | 208,880 | ||||||||||||||
1,300,000 | NSTAR Electric Co | 3.200 | 05/15/27 | 1,312,004 | ||||||||||||||
500,000 | NSTAR Electric Co | 3.250 | 05/15/29 | 516,350 | ||||||||||||||
200,000 | Nvent Finance Sarl | 3.950 | 04/15/23 | 207,871 | ||||||||||||||
200,000 | Nvent Finance Sarl | 4.550 | 04/15/28 | 223,066 | ||||||||||||||
500,000 | Oglethorpe Power Corp | 5.050 | 10/01/48 | 505,924 | ||||||||||||||
500,000 | Oglethorpe Power Corp | 5.250 | 09/01/50 | 573,647 | ||||||||||||||
600,000 | Ohio Power Co | 5.375 | 10/01/21 | 627,351 | ||||||||||||||
500,000 | Ohio Power Co | 4.150 | 04/01/48 | 525,341 | ||||||||||||||
1,500,000 | Ohio Power Co | 4.000 | 06/01/49 | 1,548,012 | ||||||||||||||
200,000 | Oklahoma Gas & Electric Co | 3.800 | 08/15/28 | 213,626 | ||||||||||||||
500,000 | Oklahoma Gas & Electric Co | 3.300 | 03/15/30 | 509,809 | ||||||||||||||
100,000 | Oklahoma Gas & Electric Co | 3.250 | 04/01/30 | 100,217 | ||||||||||||||
200,000 | Oklahoma Gas & Electric Co | 4.150 | 04/01/47 | 194,500 | ||||||||||||||
200,000 | Oklahoma Gas & Electric Co | 3.850 | 08/15/47 | 188,723 | ||||||||||||||
150,000 | Oncor Electric Delivery Co LLC | 4.100 | 06/01/22 | 152,805 | ||||||||||||||
500,000 | Oncor Electric Delivery Co LLC | 2.750 | 06/01/24 | 482,850 | ||||||||||||||
400,000 | Oncor Electric Delivery Co LLC | 2.950 | 04/01/25 | 406,932 | ||||||||||||||
750,000 | Oncor Electric Delivery Co LLC | 3.700 | 11/15/28 | 802,684 | ||||||||||||||
1,500,000 | Oncor Electric Delivery Co LLC | 5.750 | 03/15/29 | 1,829,613 | ||||||||||||||
325,000 | g | Oncor Electric Delivery Co LLC | 2.750 | 05/15/30 | 338,029 | |||||||||||||
70,000 | Oncor Electric Delivery Co LLC | 7.250 | 01/15/33 | 102,245 |
91 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 100,000 | Oncor Electric Delivery Co LLC | 5.250 | % | 09/30/40 | $ | 128,738 | |||||||||||
550,000 | Oncor Electric Delivery Co LLC | 4.550 | 12/01/41 | 631,208 | ||||||||||||||
150,000 | Oncor Electric Delivery Co LLC | 5.300 | 06/01/42 | 200,472 | ||||||||||||||
300,000 | Oncor Electric Delivery Co LLC | 3.750 | 04/01/45 | 318,527 | ||||||||||||||
400,000 | Oncor Electric Delivery Co LLC | 3.800 | 09/30/47 | 400,829 | ||||||||||||||
200,000 | Oncor Electric Delivery Co LLC | 4.100 | 11/15/48 | 225,094 | ||||||||||||||
500,000 | Oncor Electric Delivery Co LLC | 3.800 | 06/01/49 | 526,983 | ||||||||||||||
500,000 | Oncor Electric Delivery Co LLC | 3.100 | 09/15/49 | 485,704 | ||||||||||||||
200,000 | g | Oncor Electric Delivery Co LLC | 3.700 | 05/15/50 | 236,186 | |||||||||||||
137,000 | ONE Gas, Inc | 3.610 | 02/01/24 | 138,275 | ||||||||||||||
100,000 | ONE Gas, Inc | 4.658 | 02/01/44 | 118,695 | ||||||||||||||
500,000 | ONE Gas, Inc | 4.500 | 11/01/48 | 586,426 | ||||||||||||||
1,575,000 | ONEOK Partners LP | 3.375 | 10/01/22 | 1,464,482 | ||||||||||||||
200,000 | ONEOK Partners LP | 5.000 | 09/15/23 | 184,227 | ||||||||||||||
700,000 | ONEOK Partners LP | 4.900 | 03/15/25 | 612,074 | ||||||||||||||
130,000 | ONEOK Partners LP | 6.650 | 10/01/36 | 118,219 | ||||||||||||||
250,000 | ONEOK Partners LP | 6.850 | 10/15/37 | 249,860 | ||||||||||||||
100,000 | ONEOK Partners LP | 6.125 | 02/01/41 | 90,265 | ||||||||||||||
250,000 | PacifiCorp | 2.950 | 02/01/22 | 252,013 | ||||||||||||||
500,000 | PacifiCorp | 3.500 | 06/15/29 | 509,084 | ||||||||||||||
850,000 | PacifiCorp | 6.000 | 01/15/39 | 1,154,805 | ||||||||||||||
300,000 | PacifiCorp | 4.125 | 01/15/49 | 324,706 | ||||||||||||||
1,300,000 | PacifiCorp | 4.150 | 02/15/50 | 1,461,954 | ||||||||||||||
200,000 | PECO Energy Co | 1.700 | 09/15/21 | 197,781 | ||||||||||||||
150,000 | PECO Energy Co | 2.375 | 09/15/22 | 149,472 | ||||||||||||||
200,000 | PECO Energy Co | 3.150 | 10/15/25 | 205,642 | ||||||||||||||
200,000 | PECO Energy Co | 4.150 | 10/01/44 | 223,212 | ||||||||||||||
200,000 | PECO Energy Co | 3.700 | 09/15/47 | 214,752 | ||||||||||||||
1,200,000 | PECO Energy Co | 3.900 | 03/01/48 | 1,344,440 | ||||||||||||||
125,000 | PECO Energy Co | 3.000 | 09/15/49 | 127,215 | ||||||||||||||
2,000,000 | Piedmont Natural Gas Co, Inc | 3.500 | 06/01/29 | 2,044,116 | ||||||||||||||
200,000 | Piedmont Natural Gas Co, Inc | 4.650 | 08/01/43 | 214,999 | ||||||||||||||
200,000 | Pinnacle West Capital Corp | 2.250 | 11/30/20 | 200,260 | ||||||||||||||
200,000 | Potomac Electric Power Co | 3.600 | 03/15/24 | 205,083 | ||||||||||||||
900,000 | Potomac Electric Power Co | 4.150 | 03/15/43 | 1,002,120 | ||||||||||||||
300,000 | PPL Capital Funding, Inc | 4.200 | 06/15/22 | 301,624 | ||||||||||||||
200,000 | PPL Capital Funding, Inc | 3.500 | 12/01/22 | 200,141 | ||||||||||||||
400,000 | PPL Capital Funding, Inc | 3.400 | 06/01/23 | 410,768 | ||||||||||||||
1,100,000 | PPL Capital Funding, Inc | 3.950 | 03/15/24 | 1,134,482 | ||||||||||||||
950,000 | PPL Capital Funding, Inc | 3.100 | 05/15/26 | 966,772 | ||||||||||||||
1,300,000 | PPL Capital Funding, Inc | 4.000 | 09/15/47 | 1,206,780 | ||||||||||||||
200,000 | PPL Electric Utilities Corp | 4.125 | 06/15/44 | 221,416 | ||||||||||||||
275,000 | PPL Electric Utilities Corp | 4.150 | 10/01/45 | 306,972 | ||||||||||||||
500,000 | PPL Electric Utilities Corp | 3.950 | 06/01/47 | 531,071 | ||||||||||||||
200,000 | PPL Electric Utilities Corp | 4.150 | 06/15/48 | 228,247 | ||||||||||||||
525,000 | PPL Electric Utilities Corp | 3.000 | 10/01/49 | 504,549 | ||||||||||||||
300,000 | Progress Energy, Inc | 3.150 | 04/01/22 | 303,421 | ||||||||||||||
500,000 | PSEG Power LLC | 3.000 | 06/15/21 | 501,429 | ||||||||||||||
1,342,000 | PSEG Power LLC | 3.850 | 06/01/23 | 1,365,052 | ||||||||||||||
150,000 | Public Service Co of Colorado | 2.250 | 09/15/22 | 150,156 | ||||||||||||||
250,000 | Public Service Co of Colorado | 3.700 | 06/15/28 | 264,834 | ||||||||||||||
200,000 | Public Service Co of Colorado | 3.800 | 06/15/47 | 208,391 | ||||||||||||||
100,000 | Public Service Co of Colorado | 4.100 | 06/15/48 | 108,890 |
92 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 300,000 | Public Service Co of Colorado | 4.050 | % | 09/15/49 | $ | 339,880 | |||||||||||
400,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 404,760 | ||||||||||||||
100,000 | Public Service Co of New Hampshire | 3.600 | 07/01/49 | 102,602 | ||||||||||||||
100,000 | Public Service Electric & Gas Co | 1.900 | 03/15/21 | 99,010 | ||||||||||||||
300,000 | Public Service Electric & Gas Co | 3.250 | 09/01/23 | 308,893 | ||||||||||||||
300,000 | Public Service Electric & Gas Co | 2.250 | 09/15/26 | 298,710 | ||||||||||||||
1,450,000 | Public Service Electric & Gas Co | 3.000 | 05/15/27 | 1,482,352 | ||||||||||||||
250,000 | Public Service Electric & Gas Co | 3.700 | 05/01/28 | 269,772 | ||||||||||||||
500,000 | Public Service Electric & Gas Co | 3.200 | 05/15/29 | 530,090 | ||||||||||||||
500,000 | Public Service Electric & Gas Co | 2.450 | 01/15/30 | 496,759 | ||||||||||||||
200,000 | Public Service Electric & Gas Co | 3.800 | 01/01/43 | 218,307 | ||||||||||||||
600,000 | Public Service Electric & Gas Co | 3.800 | 03/01/46 | 637,170 | ||||||||||||||
200,000 | Public Service Electric & Gas Co | 3.600 | 12/01/47 | 208,225 | ||||||||||||||
250,000 | Public Service Electric & Gas Co | 4.050 | 05/01/48 | 288,653 | ||||||||||||||
500,000 | Public Service Electric & Gas Co | 3.850 | 05/01/49 | 559,068 | ||||||||||||||
575,000 | Public Service Electric & Gas Co | 3.200 | 08/01/49 | 574,422 | ||||||||||||||
500,000 | Public Service Electric & Gas Co | 3.150 | 01/01/50 | 518,795 | ||||||||||||||
500,000 | Public Service Enterprise Group, Inc | 2.000 | 11/15/21 | 490,182 | ||||||||||||||
1,825,000 | Public Service Enterprise Group, Inc | 2.650 | 11/15/22 | 1,811,617 | ||||||||||||||
500,000 | Public Service Enterprise Group, Inc | 2.875 | 06/15/24 | 498,412 | ||||||||||||||
1,585,000 | Puget Energy, Inc | 3.650 | 05/15/25 | 1,549,996 | ||||||||||||||
250,000 | Puget Sound Energy, Inc | 5.757 | 10/01/39 | 342,789 | ||||||||||||||
200,000 | Puget Sound Energy, Inc | 4.300 | 05/20/45 | 228,912 | ||||||||||||||
725,000 | Puget Sound Energy, Inc | 4.223 | 06/15/48 | 838,407 | ||||||||||||||
275,000 | Puget Sound Energy, Inc | 3.250 | 09/15/49 | 269,612 | ||||||||||||||
150,000 | San Diego Gas & Electric Co | 3.000 | 08/15/21 | 151,119 | ||||||||||||||
400,000 | San Diego Gas & Electric Co | 3.600 | 09/01/23 | 421,442 | ||||||||||||||
800,000 | San Diego Gas & Electric Co | 2.500 | 05/15/26 | 814,050 | ||||||||||||||
300,000 | San Diego Gas & Electric Co | 3.750 | 06/01/47 | 303,892 | ||||||||||||||
300,000 | San Diego Gas & Electric Co | 4.150 | 05/15/48 | 323,090 | ||||||||||||||
750,000 | San Diego Gas & Electric Co | 4.100 | 06/15/49 | 768,505 | ||||||||||||||
200,000 | Sempra Energy | 2.850 | 11/15/20 | 199,422 | ||||||||||||||
150,000 | Sempra Energy | 2.875 | 10/01/22 | 150,502 | ||||||||||||||
500,000 | Sempra Energy | 2.900 | 02/01/23 | 496,781 | ||||||||||||||
500,000 | Sempra Energy | 4.050 | 12/01/23 | 512,436 | ||||||||||||||
200,000 | Sempra Energy | 3.750 | 11/15/25 | 198,062 | ||||||||||||||
1,525,000 | Sempra Energy | 3.250 | 06/15/27 | 1,482,234 | ||||||||||||||
675,000 | Sempra Energy | 3.400 | 02/01/28 | 676,985 | ||||||||||||||
825,000 | Sempra Energy | 3.800 | 02/01/38 | 774,551 | ||||||||||||||
125,000 | Sempra Energy | 6.000 | 10/15/39 | 137,694 | ||||||||||||||
850,000 | Sempra Energy | 4.000 | 02/01/48 | 814,781 | ||||||||||||||
869,000 | Sierra Pacific Power Co | 2.600 | 05/01/26 | 868,858 | ||||||||||||||
50,000 | South Carolina Electric & Gas Co | 5.300 | 05/15/33 | 57,777 | ||||||||||||||
125,000 | South Carolina Electric & Gas Co | 5.450 | 02/01/41 | 143,328 | ||||||||||||||
800,000 | South Carolina Electric & Gas Co | 4.600 | 06/15/43 | 968,695 | ||||||||||||||
1,475,000 | Southern California Edison Co | 2.900 | 03/01/21 | 1,470,844 | ||||||||||||||
500,000 | Southern California Edison Co | 2.400 | 02/01/22 | 487,092 | ||||||||||||||
100,000 | Southern California Edison Co | 3.400 | 06/01/23 | 102,468 | ||||||||||||||
500,000 | Southern California Edison Co | 3.700 | 08/01/25 | 514,688 | ||||||||||||||
750,000 | Southern California Edison Co | 3.650 | 03/01/28 | 765,042 | ||||||||||||||
500,000 | Southern California Edison Co | 4.200 | 03/01/29 | 531,498 | ||||||||||||||
600,000 | Southern California Edison Co | 2.850 | 08/01/29 | 578,822 | ||||||||||||||
750,000 | Southern California Edison Co | 2.250 | 06/01/30 | 696,049 | ||||||||||||||
185,000 | Southern California Edison Co | 6.050 | 03/15/39 | 227,212 |
93 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 300,000 | Southern California Edison Co | 4.500 | % | 09/01/40 | $ | 309,788 | |||||||||||
825,000 | Southern California Edison Co | 4.650 | 10/01/43 | 905,697 | ||||||||||||||
450,000 | Southern California Edison Co | 3.600 | 02/01/45 | 411,618 | ||||||||||||||
1,937,000 | Southern California Edison Co | 4.000 | 04/01/47 | 2,016,199 | ||||||||||||||
1,675,000 | Southern California Edison Co | 4.125 | 03/01/48 | 1,788,268 | ||||||||||||||
500,000 | Southern California Edison Co | 4.875 | 03/01/49 | 577,759 | ||||||||||||||
925,000 | Southern California Edison Co | 3.650 | 02/01/50 | 890,707 | ||||||||||||||
200,000 | Southern California Gas Co | 3.200 | 06/15/25 | 207,746 | ||||||||||||||
200,000 | Southern California Gas Co | 2.600 | 06/15/26 | 197,549 | ||||||||||||||
500,000 | Southern California Gas Co | 2.550 | 02/01/30 | 487,965 | ||||||||||||||
150,000 | Southern California Gas Co | 3.750 | 09/15/42 | 151,225 | ||||||||||||||
500,000 | Southern California Gas Co | 4.125 | 06/01/48 | 535,929 | ||||||||||||||
300,000 | Southern California Gas Co | 4.300 | 01/15/49 | 330,051 | ||||||||||||||
500,000 | Southern California Gas Co | 3.950 | 02/15/50 | 550,308 | ||||||||||||||
400,000 | Southern Co | 2.350 | 07/01/21 | 401,016 | ||||||||||||||
425,000 | Southern Co | 2.950 | 07/01/23 | 427,495 | ||||||||||||||
2,325,000 | Southern Co | 3.250 | 07/01/26 | 2,344,917 | ||||||||||||||
400,000 | Southern Co | 4.250 | 07/01/36 | 390,061 | ||||||||||||||
2,300,000 | Southern Co | 4.400 | 07/01/46 | 2,404,207 | ||||||||||||||
200,000 | Southern Co Gas Capital Corp | 2.450 | 10/01/23 | 202,304 | ||||||||||||||
400,000 | Southern Co Gas Capital Corp | 3.250 | 06/15/26 | 393,785 | ||||||||||||||
275,000 | Southern Co Gas Capital Corp | 4.400 | 06/01/43 | 285,442 | ||||||||||||||
100,000 | Southern Co Gas Capital Corp | 3.950 | 10/01/46 | 89,468 | ||||||||||||||
900,000 | Southern Co Gas Capital Corp | 4.400 | 05/30/47 | 892,005 | ||||||||||||||
550,000 | Southern Natural Gas Co | 4.400 | 06/15/21 | 550,800 | ||||||||||||||
200,000 | Southern Power Co | 4.150 | 12/01/25 | 206,233 | ||||||||||||||
300,000 | Southern Power Co | 4.950 | 12/15/46 | 291,934 | ||||||||||||||
150,000 | Southwest Gas Corp | 3.700 | 04/01/28 | 156,932 | ||||||||||||||
100,000 | Southwest Gas Corp | 3.800 | 09/29/46 | 109,481 | ||||||||||||||
500,000 | Southwest Gas Corp | 4.150 | 06/01/49 | 532,482 | ||||||||||||||
500,000 | Southwestern Electric Power Co | 2.750 | 10/01/26 | 467,725 | ||||||||||||||
675,000 | Southwestern Electric Power Co | 4.100 | 09/15/28 | 724,001 | ||||||||||||||
750,000 | Southwestern Electric Power Co | 3.850 | 02/01/48 | 702,816 | ||||||||||||||
600,000 | Southwestern Public Service Co | 4.500 | 08/15/41 | 659,117 | ||||||||||||||
300,000 | Southwestern Public Service Co | 3.400 | 08/15/46 | 300,034 | ||||||||||||||
225,000 | Southwestern Public Service Co | 3.700 | 08/15/47 | 239,381 | ||||||||||||||
200,000 | Southwestern Public Service Co | 4.400 | 11/15/48 | 218,485 | ||||||||||||||
750,000 | Southwestern Public Service Co | 3.750 | 06/15/49 | 786,660 | ||||||||||||||
100,000 | Tampa Electric Co | 4.100 | 06/15/42 | 107,210 | ||||||||||||||
175,000 | Tampa Electric Co | 4.350 | 05/15/44 | 190,021 | ||||||||||||||
200,000 | Tampa Electric Co | 4.300 | 06/15/48 | 223,007 | ||||||||||||||
200,000 | Tampa Electric Co | 4.450 | 06/15/49 | 223,906 | ||||||||||||||
575,000 | Tampa Electric Co | 3.625 | 06/15/50 | 569,615 | ||||||||||||||
300,000 | TC PipeLines LP | 4.375 | 03/13/25 | 303,809 | ||||||||||||||
350,000 | TC PipeLines LP | 3.900 | 05/25/27 | 332,243 | ||||||||||||||
12,000 | Toledo Edison Co | 7.250 | 05/01/20 | 11,926 | ||||||||||||||
700,000 | Transcontinental Gas Pipe Line Co LLC | 7.850 | 02/01/26 | 797,119 | ||||||||||||||
1,200,000 | Transcontinental Gas Pipe Line Co LLC | 4.000 | 03/15/28 | 1,079,054 | ||||||||||||||
850,000 | Transcontinental Gas Pipe Line Co LLC | 4.600 | 03/15/48 | 844,186 | ||||||||||||||
200,000 | Tucson Electric Power Co | 3.050 | 03/15/25 | 211,386 | ||||||||||||||
200,000 | Tucson Electric Power Co | 4.850 | 12/01/48 | 225,341 | ||||||||||||||
200,000 | Union Electric Co | 2.950 | 06/15/27 | 205,355 | ||||||||||||||
300,000 | Union Electric Co | 3.500 | 03/15/29 | 318,778 |
94 |
TIAA-CREF FUNDS –Bond Index Fund
MATURITY | ||||||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | ||||||||||||||
$ | 500,000 | Union Electric Co | 2.950 | % | 03/15/30 | $ | 520,034 | |||||||||||
100,000 | Union Electric Co | 8.450 | 03/15/39 | 162,318 | ||||||||||||||
100,000 | Union Electric Co | 3.900 | 09/15/42 | 108,308 | ||||||||||||||
100,000 | Union Electric Co | 3.650 | 04/15/45 | 97,397 | ||||||||||||||
200,000 | Union Electric Co | 4.000 | 04/01/48 | 223,042 | ||||||||||||||
1,000,000 | Union Electric Co | 3.250 | 10/01/49 | 910,371 | ||||||||||||||
100,000 | United Utilities plc | 6.875 | 08/15/28 | 125,211 | ||||||||||||||
409,000 | Virginia Electric & Power Co | 2.750 | 03/15/23 | 411,915 | ||||||||||||||
500,000 | Virginia Electric & Power Co | 3.450 | 02/15/24 | 518,476 | ||||||||||||||
1,850,000 | Virginia Electric & Power Co | 3.150 | 01/15/26 | 1,924,116 | ||||||||||||||
900,000 | Virginia Electric & Power Co | 2.950 | 11/15/26 | 927,147 | ||||||||||||||
1,750,000 | Virginia Electric & Power Co | 3.500 | 03/15/27 | 1,832,404 | ||||||||||||||
3,000,000 | Virginia Electric & Power Co | 3.800 | 04/01/28 | 3,179,531 | ||||||||||||||
1,000,000 | Virginia Electric & Power Co | 2.875 | 07/15/29 | 991,600 | ||||||||||||||
250,000 | Virginia Electric & Power Co | 4.650 | 08/15/43 | 291,436 | ||||||||||||||
400,000 | Virginia Electric & Power Co | 4.450 | 02/15/44 | 456,327 | ||||||||||||||
200,000 | Virginia Electric & Power Co | 4.200 | 05/15/45 | 218,529 | ||||||||||||||
1,100,000 | Virginia Electric & Power Co | 4.000 | 11/15/46 | 1,186,070 | ||||||||||||||
700,000 | Virginia Electric & Power Co | 3.800 | 09/15/47 | 748,255 | ||||||||||||||
400,000 | Virginia Electric & Power Co | 4.600 | 12/01/48 | 454,633 | ||||||||||||||
500,000 | Virginia Electric & Power Co | 3.300 | 12/01/49 | 500,012 | ||||||||||||||
200,000 | Washington Gas Light Co | 3.796 | 09/15/46 | 180,543 | ||||||||||||||
500,000 | Washington Gas Light Co | 3.650 | 09/15/49 | 455,059 | ||||||||||||||
875,000 | WEC Energy Group, Inc | 3.375 | 06/15/21 | 878,536 | ||||||||||||||
500,000 | WEC Energy Group, Inc | 3.100 | 03/08/22 | 505,839 | ||||||||||||||
1,520,000 | WEC Energy Group, Inc | 3.550 | 06/15/25 | 1,546,734 | ||||||||||||||
100,000 | Westar Energy, Inc | 2.550 | 07/01/26 | 103,770 | ||||||||||||||
500,000 | Westar Energy, Inc | 4.125 | 03/01/42 | 560,276 | ||||||||||||||
175,000 | Westar Energy, Inc | 4.100 | 04/01/43 | 195,475 | ||||||||||||||
375,000 | Westar Energy, Inc | 3.250 | 09/01/49 | 381,522 | ||||||||||||||
175,000 | Wisconsin Electric Power Co | 2.050 | 12/15/24 | 176,033 | ||||||||||||||
200,000 | Wisconsin Electric Power Co | 5.625 | 05/15/33 | 262,153 | ||||||||||||||
200,000 | Wisconsin Electric Power Co | 4.300 | 10/15/48 | 222,921 | ||||||||||||||
325,000 | Wisconsin Power & Light Co | 3.050 | 10/15/27 | 314,973 | ||||||||||||||
500,000 | Wisconsin Power & Light Co | 3.000 | 07/01/29 | 526,649 | ||||||||||||||
225,000 | Wisconsin Power & Light Co | 3.650 | 04/01/50 | 230,242 | ||||||||||||||
200,000 | Wisconsin Public Service Corp | 3.350 | 11/21/21 | 203,101 | ||||||||||||||
200,000 | Wisconsin Public Service Corp | 4.752 | 11/01/44 | 236,705 | ||||||||||||||
300,000 | Wisconsin Public Service Corp | 3.300 | 09/01/49 | 291,440 | ||||||||||||||
300,000 | Xcel Energy, Inc | 2.400 | 03/15/21 | 299,788 | ||||||||||||||
300,000 | Xcel Energy, Inc | 2.600 | 03/15/22 | 300,064 | ||||||||||||||
750,000 | Xcel Energy, Inc | 3.350 | 12/01/26 | 740,760 | ||||||||||||||
900,000 | Xcel Energy, Inc | 4.000 | 06/15/28 | 950,005 | ||||||||||||||
325,000 | Xcel Energy, Inc | 2.600 | 12/01/29 | 306,959 | ||||||||||||||
225,000 | Xcel Energy, Inc | 3.400 | 06/01/30 | 228,065 | ||||||||||||||
200,000 | Xcel Energy, Inc | 4.800 | 09/15/41 | 215,623 | ||||||||||||||
500,000 | Xcel Energy, Inc | 3.500 | 12/01/49 | 440,589 | ||||||||||||||
TOTAL UTILITIES | 335,493,309 | |||||||||||||||||
TOTAL CORPORATE BONDS | 4,095,973,114 | |||||||||||||||||
(Cost $4,013,953,621) |
95 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
GOVERNMENT BONDS - 71.3% | ||||||||||||||||
AGENCY SECURITIES - 1.1% | ||||||||||||||||
$ | 3,000,000 | Federal Farm Credit Bank (FFCB) | 2.875 | % | 07/17/23 | $ | 3,229,357 | |||||||||
1,145,000 | FFCB | 3.500 | 12/20/23 | 1,258,367 | ||||||||||||
4,750,000 | Federal Home Loan Bank (FHLB) | 2.625 | 10/01/20 | 4,804,063 | ||||||||||||
20,000,000 | FHLB | 1.125 | 07/14/21 | 20,199,347 | ||||||||||||
13,875,000 | FHLB | 3.250 | 11/16/28 | 16,416,782 | ||||||||||||
29,500,000 | Federal Home Loan Mortgage Corp (FHLMC) | 2.375 | 01/13/22 | 30,528,135 | ||||||||||||
12,625,000 | FHLMC | 2.750 | 06/19/23 | 13,524,283 | ||||||||||||
10,000,000 | FHLMC | 1.500 | 02/12/25 | 10,436,790 | ||||||||||||
1,000,000 | Federal National Mortgage Association (FNMA) | 2.625 | 01/11/22 | 1,038,472 | ||||||||||||
7,400,000 | FNMA | 2.250 | 04/12/22 | 7,670,354 | ||||||||||||
1,726,131 | i | FNMA | 2.301 | 09/25/22 | 1,759,355 | |||||||||||
1,000,000 | FNMA | 2.000 | 10/05/22 | 1,035,819 | ||||||||||||
10,000,000 | FNMA | 2.375 | 01/19/23 | 10,537,860 | ||||||||||||
1,000,000 | FNMA | 2.875 | 09/12/23 | 1,081,455 | ||||||||||||
2,500,000 | FNMA | 2.500 | 02/05/24 | 2,689,569 | ||||||||||||
5,000,000 | FNMA | 1.750 | 07/02/24 | 5,230,549 | ||||||||||||
13,700,000 | FNMA | 2.625 | 09/06/24 | 14,944,399 | ||||||||||||
3,000,000 | FNMA | 1.625 | 01/07/25 | 3,149,646 | ||||||||||||
4,000,000 | FNMA | 1.875 | 09/24/26 | 4,256,362 | ||||||||||||
5,000,000 | FNMA | 6.625 | 11/15/30 | 7,604,096 | ||||||||||||
1,000,000 | FNMA | 5.625 | 07/15/37 | 1,580,035 | ||||||||||||
500,000 | Hashemite Kingdom of Jordan Government AID International Bond | 2.503 | 10/30/20 | 505,757 | ||||||||||||
1,300,000 | Hashemite Kingdom of Jordan Government AID International Bond | 3.000 | 06/30/25 | 1,420,629 | ||||||||||||
1,000,000 | Iraq Government AID International Bond | 2.149 | 01/18/22 | 1,032,413 | ||||||||||||
800,000 | Israel Government AID International Bond | 5.500 | 09/18/23 | 928,450 | ||||||||||||
300,000 | Israel Government AID International Bond | 5.500 | 04/26/24 | 351,866 | ||||||||||||
250,000 | NCUA Guaranteed Notes | 3.450 | 06/12/21 | 253,307 | ||||||||||||
200,000 | Private Export Funding Corp (PEFCO) | 2.300 | 09/15/20 | 201,131 | ||||||||||||
400,000 | PEFCO | 2.050 | 11/15/22 | 412,479 | ||||||||||||
250,000 | PEFCO | 1.750 | 11/15/24 | 260,550 | ||||||||||||
200,000 | PEFCO | 3.250 | 06/15/25 | 227,311 | ||||||||||||
2,000,000 | Tennessee Valley Authority (TVA) | 3.875 | 02/15/21 | 2,052,880 | ||||||||||||
750,000 | TVA | 2.875 | 09/15/24 | 821,089 | ||||||||||||
1,425,000 | TVA | 2.875 | 02/01/27 | 1,529,215 | ||||||||||||
500,000 | TVA | 5.880 | 04/01/36 | 764,994 | ||||||||||||
500,000 | TVA | 5.500 | 06/15/38 | 735,117 | ||||||||||||
4,300,000 | TVA | 3.500 | 12/15/42 | 5,006,438 | ||||||||||||
1,750,000 | TVA | 4.625 | 09/15/60 | 2,723,048 | ||||||||||||
300,000 | TVA | 4.250 | 09/15/65 | 468,682 | ||||||||||||
175,000 | Tunisia Government AID International Bonds | 1.416 | 08/05/21 | 175,362 | ||||||||||||
500,000 | Ukraine Government AID International Bonds | 1.847 | 05/29/20 | 501,228 | ||||||||||||
TOTAL AGENCY SECURITIES | 183,347,041 | |||||||||||||||
FOREIGN GOVERNMENT BONDS - 3.8% | ||||||||||||||||
850,000 | African Development Bank | 2.625 | 03/22/21 | 865,678 | ||||||||||||
500,000 | African Development Bank | 1.250 | 07/26/21 | 504,508 | ||||||||||||
450,000 | African Development Bank | 2.375 | 09/23/21 | 461,692 | ||||||||||||
2,000,000 | African Development Bank | 1.625 | 09/16/22 | 2,046,518 | ||||||||||||
500,000 | African Development Bank | 2.125 | 11/16/22 | 519,405 | ||||||||||||
2,000,000 | African Development Bank | 3.000 | 09/20/23 | 2,161,017 |
96 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,400,000 | Agricultural Bank of China | 2.750 | % | 05/21/20 | $ | 1,402,478 | |||||||||
1,000,000 | Asian Development Bank | 1.625 | 08/26/20 | 1,000,740 | ||||||||||||
1,000,000 | Asian Development Bank | 2.250 | 01/20/21 | 1,013,141 | ||||||||||||
2,000,000 | Asian Development Bank | 1.625 | 03/16/21 | 2,020,136 | ||||||||||||
4,000,000 | Asian Development Bank | 1.750 | 06/08/21 | 4,050,190 | ||||||||||||
1,000,000 | Asian Development Bank | 2.125 | 11/24/21 | 1,024,273 | ||||||||||||
600,000 | Asian Development Bank | 1.875 | 02/18/22 | 614,778 | ||||||||||||
4,000,000 | Asian Development Bank | 1.875 | 07/19/22 | 4,115,449 | ||||||||||||
500,000 | Asian Development Bank | 1.875 | 08/10/22 | 515,950 | ||||||||||||
750,000 | Asian Development Bank | 1.750 | 09/13/22 | 771,735 | ||||||||||||
2,250,000 | Asian Development Bank | 1.625 | 01/24/23 | 2,312,166 | ||||||||||||
3,000,000 | Asian Development Bank | 2.750 | 03/17/23 | 3,184,848 | ||||||||||||
2,200,000 | Asian Development Bank | 2.625 | 01/30/24 | 2,371,974 | ||||||||||||
2,000,000 | Asian Development Bank | 1.500 | 10/18/24 | 2,074,695 | ||||||||||||
500,000 | Asian Development Bank | 2.000 | 01/22/25 | 528,952 | ||||||||||||
1,500,000 | Asian Development Bank | 2.000 | 04/24/26 | 1,601,432 | ||||||||||||
1,000,000 | Asian Development Bank | 2.625 | 01/12/27 | 1,115,211 | ||||||||||||
500,000 | Asian Development Bank | 2.375 | 08/10/27 | 550,082 | ||||||||||||
500,000 | Asian Development Bank | 2.500 | 11/02/27 | 555,308 | ||||||||||||
1,000,000 | Asian Development Bank | 2.750 | 01/19/28 | 1,133,210 | ||||||||||||
75,000 | Asian Development Bank | 5.820 | 06/16/28 | 101,516 | ||||||||||||
2,575,000 | Asian Development Bank | 3.125 | 09/26/28 | 3,016,174 | ||||||||||||
2,000,000 | Asian Development Bank | 1.750 | 09/19/29 | 2,127,465 | ||||||||||||
3,500,000 | Asian Development Bank | 1.875 | 01/24/30 | 3,758,422 | ||||||||||||
1,925,000 | Canada Government International Bond | 2.625 | 01/25/22 | 1,994,041 | ||||||||||||
2,000,000 | Canada Government International Bond | 2.000 | 11/15/22 | 2,068,037 | ||||||||||||
3,000,000 | Canada Government International Bond | 1.625 | 01/22/25 | 3,138,503 | ||||||||||||
3,715,000 | Chile Government International Bond | 3.240 | 02/06/28 | 3,924,006 | ||||||||||||
2,000,000 | Chile Government International Bond | 2.550 | 01/27/32 | 1,998,000 | ||||||||||||
2,613,000 | Chile Government International Bond | 3.500 | 01/25/50 | 2,704,455 | ||||||||||||
600,000 | Colombia Government International Bond | 2.625 | 03/15/23 | 581,256 | ||||||||||||
2,250,000 | Colombia Government International Bond | 4.000 | 02/26/24 | 2,276,797 | ||||||||||||
2,500,000 | Colombia Government International Bond | 3.875 | 04/25/27 | 2,470,000 | ||||||||||||
3,587,000 | Colombia Government International Bond | 4.500 | 03/15/29 | 3,675,240 | ||||||||||||
8,092,000 | Colombia Government International Bond | 3.000 | 01/30/30 | 7,375,858 | ||||||||||||
1,250,000 | Colombia Government International Bond | 6.125 | 01/18/41 | 1,438,550 | ||||||||||||
1,150,000 | Colombia Government International Bond | 5.625 | 02/26/44 | 1,262,125 | ||||||||||||
3,100,000 | Colombia Government International Bond | 5.000 | 06/15/45 | 3,177,500 | ||||||||||||
3,425,000 | Colombia Government International Bond | 5.200 | 05/15/49 | 3,596,147 | ||||||||||||
500,000 | Corp Andina de Fomento | 2.200 | 07/18/20 | 501,385 | ||||||||||||
500,000 | Corp Andina de Fomento | 2.125 | 09/27/21 | 506,870 | ||||||||||||
950,000 | Corp Andina de Fomento | 3.250 | 02/11/22 | 984,969 | ||||||||||||
527,000 | Corp Andina de Fomento | 4.375 | 06/15/22 | 562,746 | ||||||||||||
750,000 | Corp Andina de Fomento | 2.750 | 01/06/23 | 779,662 | ||||||||||||
750,000 | Corp Andina de Fomento | 3.750 | 11/23/23 | 814,597 | ||||||||||||
1,000,000 | Council of Europe Development Bank | 1.625 | 03/16/21 | 1,010,741 | ||||||||||||
1,000,000 | Council of Europe Development Bank | 2.625 | 02/13/23 | 1,056,670 | ||||||||||||
1,000,000 | Council of Europe Development Bank | 2.500 | 02/27/24 | 1,072,694 | ||||||||||||
1,480,000 | Council Of Europe Development Bank | 1.375 | 02/27/25 | 1,530,261 | ||||||||||||
400,000 | Development Bank of Japan, Inc | 2.000 | 10/19/21 | 407,775 | ||||||||||||
2,000,000 | European Bank for Reconstruction & Development | 2.750 | 04/26/21 | 2,044,712 | ||||||||||||
750,000 | European Bank for Reconstruction & Development | 1.500 | 11/02/21 | 759,555 | ||||||||||||
500,000 | European Bank for Reconstruction & Development | 1.875 | 02/23/22 | 512,553 | ||||||||||||
1,500,000 | European Bank for Reconstruction & Development | 2.750 | 03/07/23 | 1,589,550 |
97 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 2,000,000 | European Bank for Reconstruction & Development | 1.625 | % | 09/27/24 | $ | 2,088,807 | |||||||||
1,500,000 | European Investment Bank | 1.375 | 06/15/20 | 1,501,575 | ||||||||||||
500,000 | European Investment Bank | 1.625 | 12/15/20 | 502,652 | ||||||||||||
1,750,000 | European Investment Bank | 2.000 | 03/15/21 | 1,773,854 | ||||||||||||
500,000 | European Investment Bank | 2.500 | 04/15/21 | 510,325 | ||||||||||||
11,500,000 | European Investment Bank | 2.375 | 05/13/21 | 11,735,393 | ||||||||||||
1,000,000 | European Investment Bank | 1.625 | 06/15/21 | 1,012,925 | ||||||||||||
2,500,000 | European Investment Bank | 2.125 | 10/15/21 | 2,560,433 | ||||||||||||
14,250,000 | European Investment Bank | 2.625 | 05/20/22 | 14,854,773 | ||||||||||||
1,000,000 | European Investment Bank | 2.375 | 06/15/22 | 1,040,000 | ||||||||||||
500,000 | European Investment Bank | 2.250 | 08/15/22 | 519,953 | ||||||||||||
3,000,000 | European Investment Bank | 2.500 | 03/15/23 | 3,167,981 | ||||||||||||
3,537,000 | European Investment Bank | 1.375 | 05/15/23 | 3,618,292 | ||||||||||||
1,500,000 | European Investment Bank | 3.125 | 12/14/23 | 1,634,375 | ||||||||||||
5,000,000 | European Investment Bank | 3.250 | 01/29/24 | 5,496,647 | ||||||||||||
1,500,000 | European Investment Bank | 2.625 | 03/15/24 | 1,619,704 | ||||||||||||
4,000,000 | European Investment Bank | 2.250 | 06/24/24 | 4,270,893 | ||||||||||||
1,500,000 | European Investment Bank | 2.500 | 10/15/24 | 1,623,750 | ||||||||||||
3,250,000 | European Investment Bank | 1.625 | 03/14/25 | 3,396,217 | ||||||||||||
400,000 | European Investment Bank | 2.375 | 05/24/27 | 441,057 | ||||||||||||
550,000 | European Investment Bank | 1.625 | 10/09/29 | 574,172 | ||||||||||||
1,705,000 | European Investment Bank | 4.875 | 02/15/36 | 2,537,510 | ||||||||||||
200,000 | Export Development Canada | 1.625 | 06/01/20 | 200,110 | ||||||||||||
500,000 | Export Development Canada | 1.750 | 07/21/20 | 500,770 | ||||||||||||
750,000 | Export Development Canada | 2.000 | 11/30/20 | 756,016 | ||||||||||||
300,000 | Export Development Canada | 1.500 | 05/26/21 | 303,424 | ||||||||||||
500,000 | Export Development Canada | 1.375 | 10/21/21 | 506,800 | ||||||||||||
500,000 | Export Development Canada | 2.000 | 05/17/22 | 515,802 | ||||||||||||
1,000,000 | Export Development Canada | 2.500 | 01/24/23 | 1,049,933 | ||||||||||||
4,500,000 | Export Development Canada | 1.375 | 02/24/23 | 4,594,867 | ||||||||||||
1,000,000 | Export Development Canada | 2.750 | 03/15/23 | 1,063,019 | ||||||||||||
1,300,000 | Export Development Canada | 2.625 | 02/21/24 | 1,396,330 | ||||||||||||
775,000 | Export-Import Bank of Korea | 5.125 | 06/29/20 | 782,052 | ||||||||||||
750,000 | Export-Import Bank of Korea | 2.500 | 11/01/20 | 754,687 | ||||||||||||
200,000 | Export-Import Bank of Korea | 2.125 | 02/11/21 | 201,188 | ||||||||||||
250,000 | Export-Import Bank of Korea | 2.500 | 05/10/21 | 252,917 | ||||||||||||
300,000 | Export-Import Bank of Korea | 1.875 | 10/21/21 | 302,177 | ||||||||||||
300,000 | Export-Import Bank of Korea | 3.500 | 11/27/21 | 309,145 | ||||||||||||
300,000 | Export-Import Bank of Korea | 5.000 | 04/11/22 | 321,298 | ||||||||||||
3,250,000 | Export-Import Bank of Korea | 3.000 | 11/01/22 | 3,378,782 | ||||||||||||
1,375,000 | Export-Import Bank of Korea | 3.625 | 11/27/23 | 1,480,648 | ||||||||||||
500,000 | Export-Import Bank of Korea | 4.000 | 01/14/24 | 538,597 | ||||||||||||
750,000 | Export-Import Bank of Korea | 2.875 | 01/21/25 | 795,901 | ||||||||||||
750,000 | Export-Import Bank of Korea | 1.875 | 02/12/25 | 766,070 | ||||||||||||
250,000 | Export-Import Bank of Korea | 3.250 | 11/10/25 | 272,714 | ||||||||||||
500,000 | Export-Import Bank of Korea | 2.625 | 05/26/26 | 528,224 | ||||||||||||
500,000 | Export-Import Bank of Korea | 3.250 | 08/12/26 | 541,229 | ||||||||||||
500,000 | Export-Import Bank of Korea | 2.375 | 04/21/27 | 502,099 | ||||||||||||
100,000 | Finland Government International Bond | 6.950 | 02/15/26 | 133,332 | ||||||||||||
500,000 | FMS Wertmanagement AoeR | 1.375 | 06/08/21 | 505,280 | ||||||||||||
1,000,000 | FMS Wertmanagement AoeR | 2.000 | 08/01/22 | 1,034,870 | ||||||||||||
2,175,000 | FMS Wertmanagement AoeR | 2.750 | 01/30/24 | 2,348,654 | ||||||||||||
4,500,000 | Hungary Government International Bond | 5.750 | 11/22/23 | 4,946,008 |
98 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,250,000 | Hungary Government International Bond | 7.625 | % | 03/29/41 | $ | 1,925,000 | |||||||||
1,270,000 | Hydro Quebec | 9.400 | 02/01/21 | 1,357,843 | ||||||||||||
200,000 | Hydro Quebec | 8.500 | 12/01/29 | 319,584 | ||||||||||||
750,000 | Indonesia Government International Bond | 2.950 | 01/11/23 | 742,104 | ||||||||||||
700,000 | Indonesia Government International Bond | 4.450 | 02/11/24 | 726,075 | ||||||||||||
750,000 | Indonesia Government International Bond | 3.500 | 01/11/28 | 737,241 | ||||||||||||
900,000 | Indonesia Government International Bond | 4.750 | 02/11/29 | 971,029 | ||||||||||||
1,250,000 | Indonesia Government International Bond | 3.400 | 09/18/29 | 1,222,754 | ||||||||||||
1,000,000 | Indonesia Government International Bond | 2.850 | 02/14/30 | 967,800 | ||||||||||||
875,000 | Indonesia Government International Bond | 4.350 | 01/11/48 | 899,802 | ||||||||||||
1,125,000 | Indonesia Government International Bond | 5.350 | 02/11/49 | 1,281,063 | ||||||||||||
1,000,000 | Indonesia Government International Bond | 3.700 | 10/30/49 | 997,176 | ||||||||||||
1,000,000 | Indonesia Government International Bond | 3.500 | 02/14/50 | 1,004,380 | ||||||||||||
13,550,000 | Inter-American Development Bank | 2.625 | 04/19/21 | 13,841,529 | ||||||||||||
1,000,000 | Inter-American Development Bank | 1.875 | 07/23/21 | 1,017,436 | ||||||||||||
500,000 | Inter-American Development Bank | 2.125 | 01/18/22 | 514,090 | ||||||||||||
3,775,000 | Inter-American Development Bank | 3.000 | 09/26/22 | 4,001,364 | ||||||||||||
3,000,000 | Inter-American Development Bank | 2.500 | 01/18/23 | 3,157,537 | ||||||||||||
1,500,000 | Inter-American Development Bank | 2.625 | 01/16/24 | 1,612,622 | ||||||||||||
500,000 | Inter-American Development Bank | 2.125 | 01/15/25 | 532,524 | ||||||||||||
5,000,000 | Inter-American Development Bank | 1.750 | 03/14/25 | 5,252,150 | ||||||||||||
1,500,000 | Inter-American Development Bank | 2.000 | 06/02/26 | 1,633,013 | ||||||||||||
1,500,000 | Inter-American Development Bank | 2.000 | 07/23/26 | 1,611,209 | ||||||||||||
1,000,000 | Inter-American Development Bank | 2.375 | 07/07/27 | 1,105,762 | ||||||||||||
2,000,000 | Inter-American Development Bank | 3.125 | 09/18/28 | 2,339,816 | ||||||||||||
3,000,000 | Inter-American Development Bank | 2.250 | 06/18/29 | 3,307,957 | ||||||||||||
1,450,000 | Inter-American Development Bank | 3.200 | 08/07/42 | 1,852,906 | ||||||||||||
300,000 | Inter-American Development Bank | 4.375 | 01/24/44 | 467,018 | ||||||||||||
1,000,000 | International Bank for Reconstruction & Development | 1.125 | 08/10/20 | 999,600 | ||||||||||||
1,800,000 | International Bank for Reconstruction & Development | 1.625 | 09/04/20 | 1,808,262 | ||||||||||||
3,750,000 | International Bank for Reconstruction & Development | 1.625 | 03/09/21 | 3,798,654 | ||||||||||||
9,250,000 | International Bank for Reconstruction & Development | 1.375 | 05/24/21 | 9,340,187 | ||||||||||||
1,500,000 | International Bank for Reconstruction & Development | 2.000 | 01/26/22 | 1,538,175 | ||||||||||||
5,000,000 | International Bank for Reconstruction & Development | 2.125 | 07/01/22 | 5,163,450 | ||||||||||||
5,000,000 | International Bank for Reconstruction & Development | 1.875 | 10/07/22 | 5,159,200 | ||||||||||||
5,400,000 | International Bank for Reconstruction & Development | 7.625 | 01/19/23 | 6,452,718 | ||||||||||||
500,000 | International Bank for Reconstruction & Development | 2.125 | 02/13/23 | 520,766 | ||||||||||||
3,000,000 | International Bank for Reconstruction & Development | 1.875 | 06/19/23 | 3,115,652 | ||||||||||||
5,575,000 | International Bank for Reconstruction & Development | 2.500 | 03/19/24 | 5,993,310 | ||||||||||||
2,000,000 | International Bank for Reconstruction & Development | 1.500 | 08/28/24 | 2,067,372 | ||||||||||||
1,600,000 | International Bank for Reconstruction & Development | 2.500 | 11/25/24 | 1,735,184 |
99 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 5,000,000 | International Bank for Reconstruction & Development | 1.625 | % | 01/15/25 | $ | 5,226,850 | |||||||||
4,500,000 | International Bank for Reconstruction & Development | 2.500 | 07/29/25 | 4,909,410 | ||||||||||||
500,000 | International Bank for Reconstruction & Development | 3.125 | 11/20/25 | 564,634 | ||||||||||||
2,000,000 | International Bank for Reconstruction & Development | 1.750 | 10/23/29 | 2,125,679 | ||||||||||||
834,000 | International Bank for Reconstruction & Development | 4.750 | 02/15/35 | 1,236,964 | ||||||||||||
2,750,000 | International Finance Corp | 1.625 | 07/16/20 | 2,753,052 | ||||||||||||
2,500,000 | International Finance Corp | 2.250 | 01/25/21 | 2,535,031 | ||||||||||||
500,000 | International Finance Corp | 2.000 | 10/24/22 | 518,383 | ||||||||||||
1,300,000 | International Finance Corp | 2.875 | 07/31/23 | 1,397,483 | ||||||||||||
1,500,000 | International Finance Corp | 1.375 | 10/16/24 | 1,546,275 | ||||||||||||
705,000 | Israel Government International Bond | 4.000 | 06/30/22 | 736,605 | ||||||||||||
300,000 | Israel Government International Bond | 3.150 | 06/30/23 | 310,749 | ||||||||||||
1,000,000 | Israel Government International Bond | 2.875 | 03/16/26 | 1,040,276 | ||||||||||||
975,000 | Israel Government International Bond | 3.250 | 01/17/28 | 1,034,203 | ||||||||||||
600,000 | Israel Government International Bond | 2.750 | 07/03/30 | 600,000 | ||||||||||||
1,500,000 | Israel Government International Bond | 4.500 | 01/30/43 | 1,642,746 | ||||||||||||
200,000 | Israel Government International Bond | 4.125 | 01/17/48 | 214,014 | ||||||||||||
300,000 | Israel Government International Bond | 3.875 | 07/03/50 | 300,000 | ||||||||||||
300,000 | Israel Government International Bond | 4.500 | 04/03/20 | 300,000 | ||||||||||||
300,000 | Japan Bank for International Cooperation | 2.125 | 06/01/20 | 300,552 | ||||||||||||
1,350,000 | Japan Bank for International Cooperation | 2.125 | 07/21/20 | 1,354,421 | ||||||||||||
300,000 | Japan Bank for International Cooperation | 2.125 | 11/16/20 | 302,724 | ||||||||||||
250,000 | Japan Bank for International Cooperation | 1.875 | 04/20/21 | 252,690 | ||||||||||||
750,000 | Japan Bank for International Cooperation | 1.500 | 07/21/21 | 756,987 | ||||||||||||
500,000 | Japan Bank for International Cooperation | 2.500 | 06/01/22 | 517,735 | ||||||||||||
1,250,000 | Japan Bank for International Cooperation | 2.375 | 07/21/22 | 1,294,679 | ||||||||||||
480,000 | Japan Bank for International Cooperation | 1.625 | 10/17/22 | 489,191 | ||||||||||||
300,000 | Japan Bank for International Cooperation | 2.375 | 11/16/22 | 312,010 | ||||||||||||
1,350,000 | Japan Bank for International Cooperation | 1.750 | 01/23/23 | 1,380,255 | ||||||||||||
1,050,000 | Japan Bank for International Cooperation | 3.375 | 07/31/23 | 1,134,251 | ||||||||||||
4,250,000 | Japan Bank for International Cooperation | 3.375 | 10/31/23 | 4,615,174 | ||||||||||||
2,300,000 | Japan Bank for International Cooperation | 2.500 | 05/23/24 | 2,430,381 | ||||||||||||
720,000 | Japan Bank for International Cooperation | 1.750 | 10/17/24 | 744,080 | ||||||||||||
500,000 | Japan Bank for International Cooperation | 2.125 | 02/10/25 | 529,023 | ||||||||||||
5,750,000 | Japan Bank for International Cooperation | 2.750 | 01/21/26 | 6,293,404 | ||||||||||||
400,000 | Japan Bank for International Cooperation | 2.375 | 04/20/26 | 431,348 | ||||||||||||
1,500,000 | Japan Bank for International Cooperation | 1.875 | 07/21/26 | 1,570,110 | ||||||||||||
1,000,000 | Japan Bank for International Cooperation | 2.875 | 06/01/27 | 1,117,707 | ||||||||||||
750,000 | Japan Bank for International Cooperation | 2.875 | 07/21/27 | 837,839 | ||||||||||||
300,000 | Japan Bank for International Cooperation | 2.750 | 11/16/27 | 333,812 | ||||||||||||
750,000 | Japan Bank for International Cooperation | 3.500 | 10/31/28 | 883,829 | ||||||||||||
1,000,000 | Japan Bank for International Cooperation | 2.000 | 10/17/29 | 1,065,030 | ||||||||||||
800,000 | Japan Finance Organization for Municipalities | 4.000 | 01/13/21 | 820,781 | ||||||||||||
350,000 | Japan International Cooperation Agency | 2.125 | 10/20/26 | 372,348 | ||||||||||||
700,000 | Japan International Cooperation Agency | 3.375 | 06/12/28 | 817,176 | ||||||||||||
300,000 | Korea Development Bank | 2.500 | 01/13/21 | 303,708 | ||||||||||||
500,000 | Korea Development Bank | 2.625 | 02/27/22 | 512,050 |
100 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 500,000 | Korea Development Bank | 3.000 | % | 03/19/22 | $ | 513,876 | |||||||||
200,000 | Korea Development Bank | 3.000 | 09/14/22 | 207,988 | ||||||||||||
1,000,000 | Korea Development Bank | 3.375 | 03/12/23 | 1,052,732 | ||||||||||||
500,000 | Korea Development Bank | 2.750 | 03/19/23 | 516,046 | ||||||||||||
500,000 | Korea Development Bank | 3.750 | 01/22/24 | 542,465 | ||||||||||||
700,000 | Korea Development Bank | 3.250 | 02/19/24 | 742,193 | ||||||||||||
1,000,000 | Korea Development Bank | 2.125 | 10/01/24 | 1,018,201 | ||||||||||||
750,000 | Korea Development Bank | 1.750 | 02/18/25 | 762,143 | ||||||||||||
200,000 | Korea Development Bank | 3.375 | 09/16/25 | 219,048 | ||||||||||||
400,000 | Korea Development Bank | 3.000 | 01/13/26 | 435,291 | ||||||||||||
250,000 | Korea Development Bank | 2.000 | 09/12/26 | 259,130 | ||||||||||||
500,000 | Korea Government International Bond | 3.875 | 09/11/23 | 547,426 | ||||||||||||
1,500,000 | Korea Government International Bond | 2.750 | 01/19/27 | 1,578,098 | ||||||||||||
1,400,000 | Korea Government International Bond | 4.125 | 06/10/44 | 1,903,053 | ||||||||||||
500,000 | Korea Government International Bond | 3.875 | 09/20/48 | 676,341 | ||||||||||||
6,750,000 | Kreditanstalt fuer Wiederaufbau | 1.875 | 06/30/20 | 6,766,498 | ||||||||||||
1,500,000 | Kreditanstalt fuer Wiederaufbau | 2.750 | 10/01/20 | 1,516,534 | ||||||||||||
1,500,000 | Kreditanstalt fuer Wiederaufbau | 1.875 | 11/30/20 | 1,511,924 | ||||||||||||
1,000,000 | Kreditanstalt fuer Wiederaufbau | 1.875 | 12/15/20 | 1,009,143 | ||||||||||||
5,000,000 | Kreditanstalt fuer Wiederaufbau | 2.375 | 03/24/21 | 5,090,035 | ||||||||||||
4,000,000 | Kreditanstalt fuer Wiederaufbau | 2.625 | 04/12/21 | 4,084,353 | ||||||||||||
1,500,000 | Kreditanstalt fuer Wiederaufbau | 1.500 | 06/15/21 | 1,517,250 | ||||||||||||
1,500,000 | Kreditanstalt fuer Wiederaufbau | 2.000 | 11/30/21 | 1,537,157 | ||||||||||||
1,600,000 | Kreditanstalt fuer Wiederaufbau | 2.625 | 01/25/22 | 1,658,660 | ||||||||||||
1,000,000 | Kreditanstalt fuer Wiederaufbau | 2.500 | 02/15/22 | 1,034,729 | ||||||||||||
1,000,000 | Kreditanstalt fuer Wiederaufbau | 2.125 | 03/07/22 | 1,028,649 | ||||||||||||
1,000,000 | Kreditanstalt fuer Wiederaufbau | 2.125 | 06/15/22 | 1,033,630 | ||||||||||||
3,000,000 | Kreditanstalt fuer Wiederaufbau | 1.750 | 08/22/22 | 3,082,082 | ||||||||||||
2,750,000 | Kreditanstalt fuer Wiederaufbau | 2.000 | 10/04/22 | 2,849,486 | ||||||||||||
2,900,000 | Kreditanstalt fuer Wiederaufbau | 2.375 | 12/29/22 | 3,039,702 | ||||||||||||
4,600,000 | Kreditanstalt fuer Wiederaufbau | 1.625 | 02/15/23 | 4,728,940 | ||||||||||||
8,000,000 | Kreditanstalt fuer Wiederaufbau | 2.625 | 02/28/24 | 8,620,960 | ||||||||||||
2,000,000 | Kreditanstalt fuer Wiederaufbau | 2.500 | 11/20/24 | 2,168,591 | ||||||||||||
7,000,000 | Kreditanstalt fuer Wiederaufbau | 2.000 | 05/02/25 | 7,448,070 | ||||||||||||
7,750,000 | Kreditanstalt fuer Wiederaufbau | 2.875 | 04/03/28 | 8,945,928 | ||||||||||||
1,000,000 | Kreditanstalt fuer Wiederaufbau | 1.750 | 09/14/29 | 1,064,475 | ||||||||||||
4,300,000 | Landwirtschaftliche Rentenbank | 3.125 | 11/14/23 | 4,682,955 | ||||||||||||
500,000 | Landwirtschaftliche Rentenbank | 2.000 | 01/13/25 | 531,517 | ||||||||||||
750,000 | Landwirtschaftliche Rentenbank | 2.375 | 06/10/25 | 811,035 | ||||||||||||
1,000,000 | Landwirtschaftliche Rentenbank | 1.750 | 07/27/26 | 1,059,240 | ||||||||||||
125,000 | Landwirtschaftliche Rentenbank | 2.500 | 11/15/27 | 139,955 | ||||||||||||
5,836,000 | Mexico Government International Bond | 4.500 | 04/22/29 | 5,981,958 | ||||||||||||
15,936,000 | Mexico Government International Bond | 3.250 | 04/16/30 | 14,940,000 | ||||||||||||
461,000 | Mexico Government International Bond | 6.750 | 09/27/34 | 606,220 | ||||||||||||
8,950,000 | Mexico Government International Bond | 4.600 | 02/10/48 | 8,981,415 | ||||||||||||
6,405,000 | Mexico Government International Bond | 4.500 | 01/31/50 | 6,331,407 | ||||||||||||
950,000 | Mexico Government International Bond | 5.750 | 10/12/10 | 984,447 | ||||||||||||
1,250,000 | Nordic Investment Bank | 2.250 | 02/01/21 | 1,265,087 | ||||||||||||
2,500,000 | Nordic Investment Bank | 2.250 | 09/30/21 | 2,560,274 | ||||||||||||
2,000,000 | Nordic Investment Bank | 1.375 | 10/17/22 | 2,040,020 | ||||||||||||
500,000 | Nordic Investment Bank | 2.875 | 07/19/23 | 536,223 | ||||||||||||
2,300,000 | North American Development Bank | 2.400 | 10/26/22 | 2,334,456 | ||||||||||||
2,125,000 | Panama Government International Bond | 4.000 | 09/22/24 | 2,199,375 | ||||||||||||
1,000,000 | Panama Government International Bond | 3.750 | 03/16/25 | 1,038,760 |
101 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 300,000 | Panama Government International Bond | 7.125 | % | 01/29/26 | $ | 362,253 | |||||||||
2,000,000 | Panama Government International Bond | 3.875 | 03/17/28 | 2,155,020 | ||||||||||||
1,450,000 | Panama Government International Bond | 3.160 | 01/23/30 | 1,450,014 | ||||||||||||
692,000 | Panama Government International Bond | 6.700 | 01/26/36 | 888,362 | ||||||||||||
750,000 | Panama Government International Bond | 4.500 | 05/15/47 | 821,257 | ||||||||||||
1,750,000 | Panama Government International Bond | 4.500 | 04/16/50 | 1,922,830 | ||||||||||||
1,450,000 | Panama Government International Bond | 4.300 | 04/29/53 | 1,560,577 | ||||||||||||
1,000,000 | Panama Government International Bond | 3.870 | 07/23/60 | 997,500 | ||||||||||||
5,000,000 | Peruvian Government International Bond | 2.844 | 06/20/30 | 5,280,000 | ||||||||||||
1,100,000 | Peruvian Government International Bond | 6.550 | 03/14/37 | 1,574,386 | ||||||||||||
1,850,000 | Peruvian Government International Bond | 5.625 | 11/18/50 | 2,756,500 | ||||||||||||
4,900,000 | Philippine Government International Bond | 4.000 | 01/15/21 | 4,941,419 | ||||||||||||
225,000 | Philippine Government International Bond | 4.200 | 01/21/24 | 237,155 | ||||||||||||
2,219,000 | Philippine Government International Bond | 3.000 | 02/01/28 | 2,301,614 | ||||||||||||
3,375,000 | Philippine Government International Bond | 3.750 | 01/14/29 | 3,713,300 | ||||||||||||
4,083,000 | Philippine Government International Bond | 3.950 | 01/20/40 | 4,479,608 | ||||||||||||
300,000 | Philippine Government International Bond | 3.700 | 03/01/41 | 328,866 | ||||||||||||
3,793,000 | Philippine Government International Bond | 3.700 | 02/02/42 | 4,174,513 | ||||||||||||
67,000 | Poland Government International Bond | 5.125 | 04/21/21 | 69,421 | ||||||||||||
1,140,000 | Poland Government International Bond | 5.000 | 03/23/22 | 1,214,020 | ||||||||||||
990,000 | Poland Government International Bond | 3.000 | 03/17/23 | 1,028,055 | ||||||||||||
1,000,000 | Poland Government International Bond | 4.000 | 01/22/24 | 1,089,473 | ||||||||||||
2,725,000 | Poland Government International Bond | 3.250 | 04/06/26 | 2,932,424 | ||||||||||||
2,500,000 | Province of Alberta Canada | 2.200 | 07/26/22 | 2,582,653 | ||||||||||||
750,000 | Province of Alberta Canada | 3.350 | 11/01/23 | 812,929 | ||||||||||||
775,000 | Province of Alberta Canada | 2.950 | 01/23/24 | 830,062 | ||||||||||||
1,500,000 | Province of Alberta Canada | 1.875 | 11/13/24 | 1,540,462 | ||||||||||||
925,000 | Province of Alberta Canada | 3.300 | 03/15/28 | 1,062,544 | ||||||||||||
200,000 | Province of British Columbia Canada | 2.650 | 09/22/21 | 206,106 | ||||||||||||
1,800,000 | Province of British Columbia Canada | 2.000 | 10/23/22 | 1,858,113 | ||||||||||||
500,000 | Province of British Columbia Canada | 1.750 | 09/27/24 | 517,000 | ||||||||||||
850,000 | Province of British Columbia Canada | 2.250 | 06/02/26 | 906,261 | ||||||||||||
500,000 | Province of Manitoba Canada | 2.050 | 11/30/20 | 504,507 | ||||||||||||
1,000,000 | Province of Manitoba Canada | 2.600 | 04/16/24 | 1,065,041 | ||||||||||||
1,300,000 | Province of Manitoba Canada | 3.050 | 05/14/24 | 1,416,491 | ||||||||||||
500,000 | Province of Manitoba Canada | 2.125 | 06/22/26 | 526,555 | ||||||||||||
500,000 | Province of New Brunswick Canada | 3.625 | 02/24/28 | 587,663 | ||||||||||||
200,000 | Province of Nova Scotia Canada | 8.250 | 07/30/22 | 233,704 | ||||||||||||
4,530,000 | Province of Ontario Canada | 4.400 | 04/14/20 | 4,534,303 | ||||||||||||
500,000 | Province of Ontario Canada | 2.550 | 02/12/21 | 508,411 | ||||||||||||
4,000,000 | Province of Ontario Canada | 2.400 | 02/08/22 | 4,110,378 | ||||||||||||
4,000,000 | Province of Ontario Canada | 2.550 | 04/25/22 | 4,129,019 | ||||||||||||
800,000 | Province of Ontario Canada | 2.450 | 06/29/22 | 829,931 | ||||||||||||
1,365,000 | Province of Ontario Canada | 1.750 | 01/24/23 | 1,399,141 | ||||||||||||
500,000 | Province of Ontario Canada | 3.400 | 10/17/23 | 544,383 | ||||||||||||
1,000,000 | Province of Ontario Canada | 3.050 | 01/29/24 | 1,091,193 | ||||||||||||
1,500,000 | Province of Ontario Canada | 3.200 | 05/16/24 | 1,632,990 | ||||||||||||
1,000,000 | Province of Ontario Canada | 2.500 | 04/27/26 | 1,078,230 | ||||||||||||
1,000,000 | Province of Ontario Canada | 2.300 | 06/15/26 | 1,067,190 | ||||||||||||
2,000,000 | Province of Ontario Canada | 2.000 | 10/02/29 | 2,100,841 | ||||||||||||
1,420,000 | Province of Quebec Canada | 3.500 | 07/29/20 | 1,431,906 | ||||||||||||
3,100,000 | Province of Quebec Canada | 2.625 | 02/13/23 | 3,267,373 | ||||||||||||
200,000 | Province of Quebec Canada | 7.125 | 02/09/24 | 244,898 |
102 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 875,000 | Province of Quebec Canada | 2.500 | % | 04/09/24 | $ | 930,598 | |||||||||
500,000 | Province of Quebec Canada | 2.875 | 10/16/24 | 542,146 | ||||||||||||
2,500,000 | Province of Quebec Canada | 1.500 | 02/11/25 | 2,563,280 | ||||||||||||
3,500,000 | Province of Quebec Canada | 2.500 | 04/20/26 | 3,786,618 | ||||||||||||
500,000 | Province of Quebec Canada | 2.750 | 04/12/27 | 554,573 | ||||||||||||
201,000 | Province of Quebec Canada | 7.500 | 09/15/29 | 304,240 | ||||||||||||
200,000 | Province of Saskatchewan Canada | 8.500 | 07/15/22 | 235,075 | ||||||||||||
1,600,000 | Republic of Italy Government International Bond | 6.875 | 09/27/23 | 1,833,353 | ||||||||||||
2,000,000 | Republic of Italy Government International Bond | 2.375 | 10/17/24 | 1,976,681 | ||||||||||||
1,500,000 | Republic of Italy Government International Bond | 2.875 | 10/17/29 | 1,426,117 | ||||||||||||
1,599,000 | Republic of Italy Government International Bond | 5.375 | 06/15/33 | 1,876,505 | ||||||||||||
2,000,000 | Republic of Italy Government International Bond | 4.000 | 10/17/49 | 1,872,017 | ||||||||||||
2,000,000 | State of Israel | 2.500 | 01/15/30 | 2,016,749 | ||||||||||||
2,050,000 | State of Israel | 3.375 | 01/15/50 | 1,988,500 | ||||||||||||
500,000 | Svensk Exportkredit AB | 1.750 | 05/18/20 | 499,734 | ||||||||||||
200,000 | Svensk Exportkredit AB | 1.875 | 06/23/20 | 200,398 | ||||||||||||
2,300,000 | Svensk Exportkredit AB | 1.750 | 08/28/20 | 2,304,738 | ||||||||||||
500,000 | Svensk Exportkredit AB | 1.750 | 03/10/21 | 504,058 | ||||||||||||
400,000 | Svensk Exportkredit AB | 2.375 | 04/09/21 | 405,538 | ||||||||||||
500,000 | Svensk Exportkredit AB | 2.875 | 05/22/21 | 512,985 | ||||||||||||
400,000 | Svensk Exportkredit AB | 3.125 | 11/08/21 | 415,832 | ||||||||||||
500,000 | Svensk Exportkredit AB | 2.375 | 03/09/22 | 516,295 | ||||||||||||
2,640,000 | Svensk Exportkredit AB | 1.625 | 11/14/22 | 2,678,071 | ||||||||||||
4,250,000 | Svensk Exportkredit AB | 2.875 | 03/14/23 | 4,525,437 | ||||||||||||
870,000 | Svensk Exportkredit AB | 1.750 | 12/12/23 | 901,005 | ||||||||||||
4,874,716 | Uruguay Government International Bond | 4.375 | 01/23/31 | 5,301,302 | ||||||||||||
500,000 | Uruguay Government International Bond | 4.125 | 11/20/45 | 510,005 | ||||||||||||
2,063,907 | Uruguay Government International Bond | 5.100 | 06/18/50 | 2,350,295 | ||||||||||||
2,425,000 | Uruguay Government International Bond | 4.975 | 04/20/55 | 2,746,337 | ||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 638,168,090 | |||||||||||||||
MORTGAGE BACKED - 26.7% | ||||||||||||||||
18,797 | i | Federal Home Loan Mortgage Corp (FHLMC) | 4.575 | 04/01/35 | 18,920 | |||||||||||
2,752 | i | FHLMC | 3.997 | 10/01/35 | 2,781 | |||||||||||
45,053 | i | FHLMC | 3.937 | 02/01/36 | 45,571 | |||||||||||
12,979 | i | FHLMC | 4.602 | 07/01/36 | 13,092 | |||||||||||
34,764 | i | FHLMC | 3.652 | 09/01/36 | 35,516 | |||||||||||
33,543 | i | FHLMC | 3.659 | 09/01/36 | 33,791 | |||||||||||
36,103 | i | FHLMC | 4.130 | 09/01/36 | 36,910 | |||||||||||
11,505 | i | FHLMC | 3.990 | 01/01/37 | 11,658 | |||||||||||
2,362 | i | FHLMC | 3.765 | 02/01/37 | 2,407 | |||||||||||
2,591 | i | FHLMC | 3.976 | 02/01/37 | 2,623 | |||||||||||
117,510 | i | FHLMC | 3.998 | 03/01/37 | 119,040 | |||||||||||
89,562 | i | FHLMC | 3.977 | 04/01/37 | 90,778 | |||||||||||
45,377 | i | FHLMC | 4.615 | 04/01/37 | 46,316 | |||||||||||
11,698 | i | FHLMC | 4.672 | 05/01/37 | 11,830 | |||||||||||
7,022 | i | FHLMC | 4.593 | 06/01/37 | 7,170 | |||||||||||
79,172 | i | FHLMC | 4.593 | 06/01/37 | 80,103 | |||||||||||
30,752 | i | FHLMC | 3.145 | 08/01/37 | 30,933 | |||||||||||
20,824 | i | FHLMC | 3.320 | 09/01/37 | 20,948 | |||||||||||
64,034 | i | FHLMC | 3.429 | 09/01/37 | 62,229 | |||||||||||
224 | i | FHLMC | 4.045 | 09/01/37 | 226 | |||||||||||
4,904 | i | FHLMC | 5.058 | 02/01/38 | 4,947 | |||||||||||
25,743 | i | FHLMC | 4.930 | 04/01/38 | 26,101 |
103 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 17,332 | i | FHLMC | 4.953 | % | 06/01/38 | $ | 17,619 | ||||||||
6,342 | i | FHLMC | 4.260 | 07/01/38 | 6,373 | |||||||||||
5,545 | i | FHLMC | 4.657 | 06/01/40 | 5,592 | |||||||||||
7,311 | i | FHLMC | 4.505 | 07/01/40 | 7,394 | |||||||||||
23,879 | i | FHLMC | 3.890 | 01/01/41 | 24,317 | |||||||||||
3,510 | i | FHLMC | 4.755 | 05/01/41 | 3,537 | |||||||||||
138,620 | i | FHLMC | 4.151 | 08/01/41 | 141,629 | |||||||||||
84,632 | i | FHLMC | 4.024 | 09/01/41 | 86,043 | |||||||||||
19,386 | i | FHLMC | 4.136 | 10/01/41 | 19,566 | |||||||||||
24,417,021 | FHLMC | 3.000 | 11/01/49 | 25,717,125 | ||||||||||||
24,510,743 | FHLMC | 3.000 | 11/01/49 | 25,732,700 | ||||||||||||
42 | Federal Home Loan Mortgage Corp Gold (FGLMC) | 5.000 | 05/01/20 | 44 | ||||||||||||
632 | FGLMC | 5.000 | 05/01/20 | 664 | ||||||||||||
326 | FGLMC | 4.500 | 07/01/20 | 340 | ||||||||||||
1 | FGLMC | 5.000 | 07/01/20 | 1 | ||||||||||||
67 | FGLMC | 7.000 | 10/01/20 | 67 | ||||||||||||
94 | FGLMC | 5.000 | 12/01/20 | 99 | ||||||||||||
4,780 | FGLMC | 4.000 | 05/01/21 | 5,025 | ||||||||||||
6,139 | FGLMC | 4.500 | 06/01/21 | 6,408 | ||||||||||||
5,893 | FGLMC | 4.500 | 06/01/21 | 6,151 | ||||||||||||
3,534 | FGLMC | 5.000 | 07/01/21 | 3,715 | ||||||||||||
1,635 | FGLMC | 5.500 | 07/01/21 | 1,662 | ||||||||||||
327,111 | FGLMC | 3.000 | 12/01/21 | 341,933 | ||||||||||||
2,477 | FGLMC | 5.000 | 10/01/22 | 2,604 | ||||||||||||
1,823 | FGLMC | 6.000 | 11/01/22 | 1,895 | ||||||||||||
20,888 | FGLMC | 5.000 | 04/01/23 | 21,965 | ||||||||||||
1,489 | FGLMC | 4.500 | 05/01/23 | 1,568 | ||||||||||||
21,025 | FGLMC | 5.000 | 05/01/23 | 22,673 | ||||||||||||
5,396 | FGLMC | 5.000 | 10/01/23 | 5,677 | ||||||||||||
3,451 | FGLMC | 5.500 | 10/01/23 | 3,772 | ||||||||||||
5,399 | FGLMC | 5.000 | 11/01/23 | 5,822 | ||||||||||||
11,250 | FGLMC | 5.000 | 03/01/24 | 12,131 | ||||||||||||
2,414 | FGLMC | 4.500 | 04/01/24 | 2,549 | ||||||||||||
1,179 | FGLMC | 4.500 | 05/01/24 | 1,246 | ||||||||||||
7,987 | FGLMC | 4.500 | 06/01/24 | 8,429 | ||||||||||||
74,686 | FGLMC | 4.000 | 07/01/24 | 78,597 | ||||||||||||
30,660 | FGLMC | 4.000 | 07/01/24 | 32,241 | ||||||||||||
9,076 | FGLMC | 5.500 | 07/01/24 | 9,553 | ||||||||||||
64,070 | FGLMC | 4.000 | 08/01/24 | 67,355 | ||||||||||||
11,199 | FGLMC | 4.500 | 09/01/24 | 11,840 | ||||||||||||
5,552 | FGLMC | 4.500 | 09/01/24 | 5,869 | ||||||||||||
2,934 | FGLMC | 4.500 | 09/01/24 | 3,100 | ||||||||||||
3,451 | FGLMC | 5.500 | 09/01/24 | 3,774 | ||||||||||||
93,305 | FGLMC | 4.000 | 10/01/24 | 98,123 | ||||||||||||
2,710 | FGLMC | 4.500 | 10/01/24 | 2,866 | ||||||||||||
12,260 | FGLMC | 4.500 | 10/01/24 | 13,178 | ||||||||||||
2,214 | FGLMC | 4.500 | 11/01/24 | 2,355 | ||||||||||||
9,398 | FGLMC | 4.500 | 12/01/24 | 9,894 | ||||||||||||
5,716 | FGLMC | 4.500 | 02/01/25 | 6,068 | ||||||||||||
128,179 | FGLMC | 4.000 | 03/01/25 | 134,900 | ||||||||||||
3,676 | FGLMC | 4.500 | 06/01/25 | 3,887 | ||||||||||||
6,503 | FGLMC | 4.500 | 07/01/25 | 6,927 | ||||||||||||
164,299 | FGLMC | 3.500 | 10/01/25 | 172,926 |
104 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 80,390 | FGLMC | 4.000 | % | 10/01/25 | $ | 84,547 | |||||||||
274,459 | FGLMC | 3.500 | 11/01/25 | 288,858 | ||||||||||||
174,530 | FGLMC | 3.500 | 11/01/25 | 183,715 | ||||||||||||
72,909 | FGLMC | 3.500 | 12/01/25 | 76,744 | ||||||||||||
40,911 | FGLMC | 3.000 | 01/01/26 | 42,797 | ||||||||||||
568,427 | FGLMC | 3.500 | 01/01/26 | 598,388 | ||||||||||||
47,542 | FGLMC | 4.000 | 04/01/26 | 50,145 | ||||||||||||
100,659 | FGLMC | 4.000 | 05/01/26 | 106,213 | ||||||||||||
23,385 | FGLMC | 5.500 | 07/01/26 | 25,575 | ||||||||||||
300,592 | FGLMC | 4.000 | 08/01/26 | 317,225 | ||||||||||||
2,417 | FGLMC | 6.000 | 08/01/26 | 2,673 | ||||||||||||
101,805 | FGLMC | 3.000 | 09/01/26 | 106,657 | ||||||||||||
286,229 | FGLMC | 3.000 | 10/01/26 | 299,911 | ||||||||||||
387,137 | FGLMC | 3.500 | 10/01/26 | 407,742 | ||||||||||||
10,443 | FGLMC | 5.000 | 10/01/26 | 11,261 | ||||||||||||
2,584 | FGLMC | 5.500 | 10/01/26 | 2,827 | ||||||||||||
1,636,217 | FGLMC | 3.000 | 02/01/27 | 1,714,442 | ||||||||||||
1,045,592 | FGLMC | 2.500 | 05/01/27 | 1,086,114 | ||||||||||||
1,108,621 | FGLMC | 2.500 | 11/01/27 | 1,151,643 | ||||||||||||
41,074 | FGLMC | 6.000 | 12/01/27 | 45,421 | ||||||||||||
890,446 | FGLMC | 2.500 | 01/01/28 | 924,994 | ||||||||||||
2,273,527 | FGLMC | 2.500 | 03/01/28 | 2,361,832 | ||||||||||||
54,456 | FGLMC | 5.000 | 03/01/28 | 58,723 | ||||||||||||
1,265,975 | FGLMC | 2.500 | 05/01/28 | 1,315,143 | ||||||||||||
6,003 | FGLMC | 5.500 | 05/01/28 | 6,571 | ||||||||||||
3,583,594 | FGLMC | 2.500 | 07/01/28 | 3,728,318 | ||||||||||||
3,306,743 | FGLMC | 2.500 | 07/01/28 | 3,435,202 | ||||||||||||
835,891 | FGLMC | 3.000 | 10/01/28 | 875,922 | ||||||||||||
41,203 | FGLMC | 5.500 | 01/01/29 | 45,150 | ||||||||||||
2,131 | FGLMC | 6.500 | 01/01/29 | 2,363 | ||||||||||||
8,186 | FGLMC | 4.000 | 02/01/29 | 8,771 | ||||||||||||
1,704,998 | FGLMC | 3.500 | 03/01/29 | 1,797,322 | ||||||||||||
420 | FGLMC | 6.500 | 03/01/29 | 476 | ||||||||||||
3,271,526 | FGLMC | 3.000 | 07/01/29 | 3,427,897 | ||||||||||||
9,627 | FGLMC | 6.500 | 07/01/29 | 10,672 | ||||||||||||
12,349 | FGLMC | 5.000 | 12/01/29 | 13,441 | ||||||||||||
9,144,185 | FGLMC | 2.500 | 05/01/30 | 9,498,754 | ||||||||||||
21,986 | FGLMC | 4.000 | 08/01/30 | 23,961 | ||||||||||||
155,921 | FGLMC | 4.500 | 01/01/31 | 170,367 | ||||||||||||
356 | FGLMC | 8.000 | 01/01/31 | 371 | ||||||||||||
147,646 | FGLMC | 4.000 | 03/01/31 | 160,919 | ||||||||||||
19,141 | FGLMC | 4.000 | 05/01/31 | 20,869 | ||||||||||||
131,649 | FGLMC | 4.500 | 05/01/31 | 143,842 | ||||||||||||
68,345 | FGLMC | 4.000 | 06/01/31 | 74,513 | ||||||||||||
179,629 | FGLMC | 4.000 | 08/01/31 | 195,786 | ||||||||||||
177,572 | FGLMC | 4.000 | 09/01/31 | 193,679 | ||||||||||||
2,623 | FGLMC | 6.500 | 09/01/31 | 2,975 | ||||||||||||
7,277 | FGLMC | 8.000 | 09/01/31 | 8,607 | ||||||||||||
93,526 | FGLMC | 3.500 | 11/01/31 | 100,590 | ||||||||||||
13,077,491 | FGLMC | 2.500 | 12/01/31 | 13,585,259 | ||||||||||||
39,213 | FGLMC | 7.000 | 12/01/31 | 45,519 | ||||||||||||
11,728 | FGLMC | 6.500 | 01/01/32 | 13,684 | ||||||||||||
28,938 | FGLMC | 6.000 | 02/01/32 | 33,139 | ||||||||||||
1,497,189 | FGLMC | 3.000 | 03/01/32 | 1,593,058 |
105 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 12,353 | FGLMC | 7.000 | % | 04/01/32 | $ | 14,488 | |||||||||
10,991 | FGLMC | 6.500 | 05/01/32 | 12,622 | ||||||||||||
1,028,426 | FGLMC | 3.500 | 09/01/32 | 1,106,936 | ||||||||||||
7,452 | FGLMC | 5.500 | 11/01/32 | 8,330 | ||||||||||||
17,367,706 | FGLMC | 3.000 | 01/01/33 | 18,238,443 | ||||||||||||
9,676 | FGLMC | 6.000 | 02/01/33 | 10,989 | ||||||||||||
38,716 | FGLMC | 5.000 | 03/01/33 | 42,912 | ||||||||||||
18,949 | FGLMC | 6.000 | 03/01/33 | 20,982 | ||||||||||||
15,907 | FGLMC | 6.000 | 03/01/33 | 17,624 | ||||||||||||
16,409 | FGLMC | 5.000 | 04/01/33 | 17,705 | ||||||||||||
4,532 | FGLMC | 6.000 | 04/01/33 | 5,196 | ||||||||||||
234,291 | FGLMC | 5.000 | 06/01/33 | 254,001 | ||||||||||||
88,483 | FGLMC | 5.500 | 06/01/33 | 99,677 | ||||||||||||
60,300,431 | FGLMC | 2.500 | 07/01/33 | 62,644,214 | ||||||||||||
1,957,009 | FGLMC | 3.500 | 07/01/33 | 2,106,800 | ||||||||||||
35,882 | FGLMC | 4.500 | 07/01/33 | 39,230 | ||||||||||||
8,298,049 | FGLMC | 4.000 | 08/01/33 | 8,775,460 | ||||||||||||
3,236 | FGLMC | 5.000 | 08/01/33 | 3,581 | ||||||||||||
12,182 | FGLMC | 6.500 | 08/01/33 | 14,556 | ||||||||||||
119,009 | FGLMC | 5.000 | 09/01/33 | 133,057 | ||||||||||||
45,087 | FGLMC | 5.500 | 09/01/33 | 49,709 | ||||||||||||
47,410 | FGLMC | 5.500 | 09/01/33 | 52,674 | ||||||||||||
70,654 | FGLMC | 5.500 | 09/01/33 | 79,352 | ||||||||||||
13,382 | FGLMC | 5.500 | 09/01/33 | 14,774 | ||||||||||||
26,307 | FGLMC | 4.000 | 10/01/33 | 28,414 | ||||||||||||
6,280 | FGLMC | 5.000 | 10/01/33 | 6,950 | ||||||||||||
87,097 | FGLMC | 5.500 | 10/01/33 | 96,659 | ||||||||||||
6,240,467 | FGLMC | 3.500 | 11/01/33 | 6,569,447 | ||||||||||||
62,542 | FGLMC | 5.500 | 12/01/33 | 70,288 | ||||||||||||
20,882 | FGLMC | 5.500 | 12/01/33 | 23,608 | ||||||||||||
244,614 | FGLMC | 7.000 | 12/01/33 | 288,633 | ||||||||||||
198,860 | FGLMC | 5.000 | 01/01/34 | 220,349 | ||||||||||||
2,861,869 | FGLMC | 3.000 | 02/01/34 | 2,994,527 | ||||||||||||
4,387 | FGLMC | 5.500 | 02/01/34 | 4,955 | ||||||||||||
25,640 | FGLMC | 5.000 | 03/01/34 | 28,375 | ||||||||||||
26,759 | FGLMC | 5.500 | 03/01/34 | 30,249 | ||||||||||||
75,706 | FGLMC | 5.000 | 05/01/34 | 83,884 | ||||||||||||
29,603 | FGLMC | 4.500 | 06/01/34 | 32,375 | ||||||||||||
60,601 | FGLMC | 5.000 | 06/01/34 | 67,151 | ||||||||||||
16,735 | FGLMC | 5.500 | 06/01/34 | 18,890 | ||||||||||||
13,341 | FGLMC | 6.000 | 06/01/34 | 15,305 | ||||||||||||
41,598 | FGLMC | 6.000 | 09/01/34 | 47,916 | ||||||||||||
3,900,462 | FGLMC | 3.500 | 10/01/34 | 4,186,670 | ||||||||||||
6,266 | FGLMC | 5.000 | 11/01/34 | 6,944 | ||||||||||||
234,035 | FGLMC | 5.500 | 11/01/34 | 264,594 | ||||||||||||
222,705 | FGLMC | 5.000 | 12/01/34 | 246,411 | ||||||||||||
40,085 | FGLMC | 5.500 | 12/01/34 | 45,317 | ||||||||||||
7,762 | FGLMC | 5.500 | 12/01/34 | 8,491 | ||||||||||||
3,442 | FGLMC | 5.500 | 01/01/35 | 3,898 | ||||||||||||
1,741 | FGLMC | 5.500 | 01/01/35 | 1,968 | ||||||||||||
23,887 | FGLMC | 5.500 | 01/01/35 | 27,021 | ||||||||||||
85,696 | FGLMC | 4.500 | 04/01/35 | 93,720 | ||||||||||||
10,580 | FGLMC | 6.000 | 05/01/35 | 12,140 |
106 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 82,306 | FGLMC | 6.000 | % | 05/01/35 | $ | 92,157 | |||||||||
78,036 | FGLMC | 7.000 | 05/01/35 | 92,224 | ||||||||||||
16,937 | FGLMC | 5.500 | 06/01/35 | 19,159 | ||||||||||||
11,354 | FGLMC | 5.500 | 06/01/35 | 12,850 | ||||||||||||
4,884 | FGLMC | 5.000 | 07/01/35 | 5,355 | ||||||||||||
310,683 | FGLMC | 5.000 | 07/01/35 | 345,207 | ||||||||||||
33,694 | FGLMC | 6.000 | 07/01/35 | 37,265 | ||||||||||||
415,850 | FGLMC | 5.000 | 08/01/35 | 462,981 | ||||||||||||
14,449 | FGLMC | 5.500 | 08/01/35 | 15,798 | ||||||||||||
83,573 | FGLMC | 6.000 | 08/01/35 | 92,431 | ||||||||||||
5,704 | FGLMC | 4.500 | 09/01/35 | 6,247 | ||||||||||||
33,138 | FGLMC | 5.000 | 10/01/35 | 36,830 | ||||||||||||
65,563 | FGLMC | 5.000 | 10/01/35 | 72,910 | ||||||||||||
19,526 | FGLMC | 5.000 | 10/01/35 | 21,618 | ||||||||||||
202,745 | FGLMC | 5.500 | 10/01/35 | 222,791 | ||||||||||||
43,073 | FGLMC | 5.000 | 12/01/35 | 47,482 | ||||||||||||
6,745 | FGLMC | 5.000 | 12/01/35 | 7,502 | ||||||||||||
24,389 | FGLMC | 6.000 | 01/01/36 | 27,990 | ||||||||||||
13,158 | FGLMC | 5.000 | 02/01/36 | 14,649 | ||||||||||||
5,409 | FGLMC | 5.000 | 02/01/36 | 6,021 | ||||||||||||
5,883 | FGLMC | 6.000 | 02/01/36 | 6,771 | ||||||||||||
46,461 | FGLMC | 5.500 | 04/01/36 | 51,647 | ||||||||||||
13,181 | FGLMC | 5.500 | 05/01/36 | 14,921 | ||||||||||||
222,607 | FGLMC | 6.000 | 06/01/36 | 256,174 | ||||||||||||
60,660 | FGLMC | 5.000 | 07/01/36 | 67,516 | ||||||||||||
94,151 | FGLMC | 6.000 | 07/01/36 | 108,209 | ||||||||||||
13,026 | FGLMC | 6.000 | 08/01/36 | 14,944 | ||||||||||||
6,742 | FGLMC | 6.000 | 09/01/36 | 7,462 | ||||||||||||
247,712 | �� | FGLMC | 5.500 | 10/01/36 | 280,373 | |||||||||||
117,987 | FGLMC | 5.500 | 10/01/36 | 133,477 | ||||||||||||
21,155 | FGLMC | 6.500 | 10/01/36 | 24,299 | ||||||||||||
10,512 | FGLMC | 5.500 | 11/01/36 | 11,907 | ||||||||||||
25,425 | FGLMC | 6.000 | 11/01/36 | 29,265 | ||||||||||||
169,023 | FGLMC | 6.000 | 12/01/36 | 194,720 | ||||||||||||
208,103 | FGLMC | 5.500 | 03/01/37 | 236,065 | ||||||||||||
83,839 | FGLMC | 6.000 | 03/01/37 | 96,584 | ||||||||||||
9,742 | FGLMC | 6.500 | 03/01/37 | 11,227 | ||||||||||||
76,389 | FGLMC | 5.500 | 04/01/37 | 86,655 | ||||||||||||
11,004 | FGLMC | 5.000 | 05/01/37 | 12,229 | ||||||||||||
8,758 | FGLMC | 5.000 | 06/01/37 | 9,650 | ||||||||||||
34,804 | FGLMC | 5.500 | 06/01/37 | 39,478 | ||||||||||||
14,318,530 | FGLMC | 3.000 | 07/01/37 | 15,134,616 | ||||||||||||
129,575 | FGLMC | 6.000 | 07/01/37 | 148,696 | ||||||||||||
59,272 | FGLMC | 6.000 | 08/01/37 | 68,137 | ||||||||||||
22,466 | FGLMC | 6.000 | 09/01/37 | 25,812 | ||||||||||||
195,373 | FGLMC | 5.500 | 10/01/37 | 216,159 | ||||||||||||
6,933 | FGLMC | 6.000 | 11/01/37 | 7,965 | ||||||||||||
67,672 | FGLMC | 6.500 | 11/01/37 | 77,635 | ||||||||||||
28,547 | FGLMC | 6.000 | 01/01/38 | 32,887 | ||||||||||||
11,581 | FGLMC | 6.000 | 02/01/38 | 13,307 | ||||||||||||
86,468 | FGLMC | 6.000 | 02/01/38 | 99,504 | ||||||||||||
138,860 | FGLMC | 5.000 | 03/01/38 | 154,496 | ||||||||||||
381,645 | FGLMC | 5.000 | 03/01/38 | 424,921 | ||||||||||||
15,364 | FGLMC | 5.000 | 04/01/38 | 17,136 |
107 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 156,179 | FGLMC | 5.000 | % | 04/01/38 | $ | 173,763 | |||||||||
182,444 | FGLMC | 5.500 | 04/01/38 | 205,672 | ||||||||||||
39,549 | FGLMC | 5.500 | 05/01/38 | 44,838 | ||||||||||||
4,574 | FGLMC | 5.500 | 06/01/38 | 5,185 | ||||||||||||
10,661 | FGLMC | 6.000 | 07/01/38 | 12,169 | ||||||||||||
22,027 | FGLMC | 5.500 | 08/01/38 | 24,977 | ||||||||||||
150,135 | FGLMC | 5.500 | 08/01/38 | 170,226 | ||||||||||||
19,081 | FGLMC | 5.000 | 09/01/38 | 21,222 | ||||||||||||
256,529 | FGLMC | 5.500 | 09/01/38 | 290,483 | ||||||||||||
67,377 | FGLMC | 5.500 | 09/01/38 | 76,300 | ||||||||||||
5,168 | FGLMC | 5.500 | 10/01/38 | 5,854 | ||||||||||||
92,533 | FGLMC | 6.000 | 11/01/38 | 106,036 | ||||||||||||
642,370 | FGLMC | 5.500 | 01/01/39 | 728,022 | ||||||||||||
551,348 | FGLMC | 4.500 | 02/01/39 | 603,692 | ||||||||||||
272,665 | FGLMC | 5.000 | 02/01/39 | 303,316 | ||||||||||||
18,341 | FGLMC | 5.500 | 02/01/39 | 20,781 | ||||||||||||
1,309 | FGLMC | 4.500 | 03/01/39 | 1,432 | ||||||||||||
109,671 | FGLMC | 5.000 | 03/01/39 | 121,854 | ||||||||||||
12,786 | FGLMC | 6.000 | 03/01/39 | 14,668 | ||||||||||||
20,409 | FGLMC | 4.500 | 04/01/39 | 22,458 | ||||||||||||
777,627 | FGLMC | 4.500 | 04/01/39 | 853,607 | ||||||||||||
200,010 | FGLMC | 4.000 | 05/01/39 | 216,338 | ||||||||||||
5,403 | FGLMC | 4.500 | 05/01/39 | 5,916 | ||||||||||||
117,321 | FGLMC | 4.500 | 05/01/39 | 128,525 | ||||||||||||
2,485,442 | FGLMC | 4.500 | 05/01/39 | 2,722,835 | ||||||||||||
257,615 | FGLMC | 4.500 | 05/01/39 | 281,370 | ||||||||||||
101,679 | FGLMC | 5.000 | 05/01/39 | 113,309 | ||||||||||||
257,614 | FGLMC | 4.000 | 06/01/39 | 278,385 | ||||||||||||
1,221,907 | FGLMC | 4.500 | 06/01/39 | 1,338,802 | ||||||||||||
40,607 | FGLMC | 4.500 | 06/01/39 | 44,467 | ||||||||||||
16,506 | FGLMC | 5.000 | 06/01/39 | 18,349 | ||||||||||||
6,539 | FGLMC | 5.500 | 06/01/39 | 7,409 | ||||||||||||
408,029 | FGLMC | 4.000 | 07/01/39 | 441,477 | ||||||||||||
162,023 | FGLMC | 4.500 | 07/01/39 | 177,432 | ||||||||||||
14,029 | FGLMC | 4.500 | 07/01/39 | 15,368 | ||||||||||||
31,460 | FGLMC | 4.500 | 07/01/39 | 34,442 | ||||||||||||
98,294 | FGLMC | 5.000 | 07/01/39 | 108,980 | ||||||||||||
146,877 | FGLMC | 5.500 | 07/01/39 | 166,166 | ||||||||||||
14,539 | FGLMC | 4.500 | 08/01/39 | 15,925 | ||||||||||||
31,983 | FGLMC | 5.000 | 08/01/39 | 35,458 | ||||||||||||
152,975 | FGLMC | 4.000 | 09/01/39 | 165,301 | ||||||||||||
718,878 | FGLMC | 5.000 | 09/01/39 | 799,592 | ||||||||||||
266,837 | FGLMC | 5.000 | 09/01/39 | 295,630 | ||||||||||||
4,504 | FGLMC | 5.500 | 09/01/39 | 5,067 | ||||||||||||
284,840 | FGLMC | 6.500 | 09/01/39 | 328,297 | ||||||||||||
48,588 | FGLMC | 4.500 | 10/01/39 | 53,494 | ||||||||||||
65,554 | FGLMC | 4.500 | 10/01/39 | 72,591 | ||||||||||||
108,869 | FGLMC | 4.500 | 10/01/39 | 119,199 | ||||||||||||
30,000 | FGLMC | 5.000 | 10/01/39 | 33,239 | ||||||||||||
22,576 | FGLMC | 4.000 | 11/01/39 | 24,421 | ||||||||||||
72,859 | FGLMC | 4.500 | 11/01/39 | 79,775 | ||||||||||||
26,891 | FGLMC | 5.000 | 11/01/39 | 29,818 | ||||||||||||
10,238 | FGLMC | 5.000 | 11/01/39 | 11,047 |
108 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 75,365 | FGLMC | 4.500 | % | 12/01/39 | $ | 82,511 | |||||||||
139,732 | FGLMC | 4.500 | 12/01/39 | 152,840 | ||||||||||||
64,852 | FGLMC | 4.500 | 12/01/39 | 70,980 | ||||||||||||
281,396 | FGLMC | 4.500 | 12/01/39 | 308,214 | ||||||||||||
106,410 | FGLMC | 5.500 | 12/01/39 | 120,546 | ||||||||||||
139,999 | FGLMC | 4.500 | 01/01/40 | 153,256 | ||||||||||||
13,874 | FGLMC | 5.000 | 01/01/40 | 15,389 | ||||||||||||
18,656 | FGLMC | 5.500 | 01/01/40 | 21,120 | ||||||||||||
44,910 | FGLMC | 5.500 | 03/01/40 | 50,921 | ||||||||||||
741,014 | FGLMC | 4.000 | 04/01/40 | 801,922 | ||||||||||||
30,433 | FGLMC | 4.500 | 04/01/40 | 33,346 | ||||||||||||
108,167 | FGLMC | 4.500 | 04/01/40 | 118,394 | ||||||||||||
78,828 | FGLMC | 5.000 | 04/01/40 | 87,477 | ||||||||||||
183,767 | FGLMC | 5.000 | 04/01/40 | 203,896 | ||||||||||||
583,389 | FGLMC | 6.000 | 04/01/40 | 672,084 | ||||||||||||
1,782,684 | FGLMC | 4.500 | 05/01/40 | 1,953,508 | ||||||||||||
946,774 | FGLMC | 5.000 | 05/01/40 | 1,050,465 | ||||||||||||
5,075 | FGLMC | 4.500 | 06/01/40 | 5,551 | ||||||||||||
435,232 | FGLMC | 5.500 | 06/01/40 | 493,439 | ||||||||||||
815,184 | FGLMC | 4.500 | 07/01/40 | 891,642 | ||||||||||||
16,754 | FGLMC | 4.500 | 08/01/40 | 18,333 | ||||||||||||
164,853 | FGLMC | 5.000 | 08/01/40 | 182,819 | ||||||||||||
44,198 | FGLMC | 5.000 | 08/01/40 | 49,036 | ||||||||||||
416,147 | FGLMC | 5.000 | 08/01/40 | 461,612 | ||||||||||||
2,288,876 | FGLMC | 5.500 | 08/01/40 | 2,592,362 | ||||||||||||
249,639 | FGLMC | 4.000 | 09/01/40 | 269,758 | ||||||||||||
2,941,333 | FGLMC | 4.000 | 11/01/40 | 3,179,908 | ||||||||||||
1,724,201 | FGLMC | 4.000 | 12/01/40 | 1,864,663 | ||||||||||||
351,566 | FGLMC | 3.500 | 01/01/41 | 376,902 | ||||||||||||
519,203 | FGLMC | 3.500 | 01/01/41 | 557,045 | ||||||||||||
290,230 | FGLMC | 4.000 | 01/01/41 | 313,727 | ||||||||||||
324,271 | FGLMC | 3.500 | 02/01/41 | 347,851 | ||||||||||||
1,144,845 | FGLMC | 4.000 | 02/01/41 | 1,237,223 | ||||||||||||
414,975 | FGLMC | 4.000 | 02/01/41 | 448,396 | ||||||||||||
1,807,294 | FGLMC | 4.000 | 04/01/41 | 1,952,464 | ||||||||||||
307,962 | FGLMC | 4.500 | 04/01/41 | 337,017 | ||||||||||||
63,138 | FGLMC | 5.000 | 04/01/41 | 70,019 | ||||||||||||
303,280 | FGLMC | 4.500 | 05/01/41 | 332,130 | ||||||||||||
352,578 | FGLMC | 4.500 | 06/01/41 | 385,873 | ||||||||||||
1,028,067 | FGLMC | 3.500 | 10/01/41 | 1,102,985 | ||||||||||||
720,187 | FGLMC | 5.000 | 10/01/41 | 799,223 | ||||||||||||
1,267,297 | FGLMC | 3.500 | 11/01/41 | 1,360,064 | ||||||||||||
471,394 | FGLMC | 4.500 | 12/01/41 | 516,534 | ||||||||||||
4,497,233 | FGLMC | 3.500 | 01/01/42 | 4,827,248 | ||||||||||||
1,319,838 | FGLMC | 3.500 | 02/01/42 | 1,416,614 | ||||||||||||
1,555,185 | FGLMC | 3.500 | 04/01/42 | 1,670,336 | ||||||||||||
2,819,644 | FGLMC | 4.000 | 05/01/42 | 3,054,212 | ||||||||||||
8,407,314 | FGLMC | 4.500 | 05/01/42 | �� | 9,201,581 | |||||||||||
1,975,006 | FGLMC | 3.500 | 07/01/42 | 2,120,387 | ||||||||||||
582,712 | FGLMC | 3.000 | 08/01/42 | 616,148 | ||||||||||||
3,479,495 | FGLMC | 3.000 | 10/01/42 | 3,679,621 | ||||||||||||
2,281,639 | FGLMC | 3.000 | 10/01/42 | 2,412,982 | ||||||||||||
936,361 | FGLMC | 3.500 | 12/01/42 | 1,005,830 | ||||||||||||
3,105,401 | FGLMC | 2.500 | 01/01/43 | 3,234,336 |
109 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 6,652,466 | FGLMC | 3.000 | % | 01/01/43 | $ | 7,035,437 | |||||||||
9,962,149 | FGLMC | 3.000 | 04/01/43 | 10,535,541 | ||||||||||||
21,999,889 | FGLMC | 3.000 | 04/01/43 | 23,266,996 | ||||||||||||
3,076,266 | FGLMC | 3.500 | 05/01/43 | 3,303,998 | ||||||||||||
3,929,882 | FGLMC | 3.000 | 08/01/43 | 4,155,708 | ||||||||||||
2,564,930 | FGLMC | 3.000 | 08/01/43 | 2,712,441 | ||||||||||||
3,300,208 | FGLMC | 3.500 | 08/01/43 | 3,544,432 | ||||||||||||
1,183,536 | FGLMC | 4.500 | 10/01/43 | 1,294,578 | ||||||||||||
1,835,729 | FGLMC | 4.000 | 11/01/43 | 1,987,241 | ||||||||||||
3,552,578 | FGLMC | 3.500 | 02/01/44 | 3,813,534 | ||||||||||||
2,754,146 | FGLMC | 4.000 | 02/01/44 | 2,981,706 | ||||||||||||
17,676,918 | FGLMC | 4.000 | 02/01/44 | 19,248,264 | ||||||||||||
1,279,947 | FGLMC | 4.000 | 04/01/44 | 1,385,470 | ||||||||||||
1,562,388 | FGLMC | 4.500 | 05/01/44 | 1,705,092 | ||||||||||||
2,935,484 | FGLMC | 4.000 | 06/01/44 | 3,173,743 | ||||||||||||
4,486,030 | FGLMC | 4.000 | 08/01/44 | 4,851,800 | ||||||||||||
3,666,479 | FGLMC | 3.500 | 09/01/44 | 3,926,075 | ||||||||||||
4,586,241 | FGLMC | 3.500 | 11/01/44 | 4,902,875 | ||||||||||||
6,433,444 | FGLMC | 3.500 | 12/01/44 | 6,869,722 | ||||||||||||
4,087,987 | FGLMC | 3.500 | 01/01/45 | 4,384,798 | ||||||||||||
7,846,159 | FGLMC | 3.000 | 02/01/45 | 8,292,400 | ||||||||||||
10,067,867 | FGLMC | 3.500 | 03/01/45 | 10,756,556 | ||||||||||||
5,008,743 | FGLMC | 4.000 | 03/01/45 | 5,420,804 | ||||||||||||
3,732,649 | FGLMC | 3.000 | 04/01/45 | 3,946,186 | ||||||||||||
7,518,326 | FGLMC | 3.500 | 04/01/45 | 8,023,581 | ||||||||||||
16,171,144 | FGLMC | 3.500 | 07/01/45 | 17,247,229 | ||||||||||||
10,815,784 | FGLMC | 4.500 | 07/01/45 | 11,798,675 | ||||||||||||
32,306,954 | FGLMC | 3.000 | 08/01/45 | 34,158,735 | ||||||||||||
23,737,471 | FGLMC | 3.500 | 10/01/45 | 25,469,364 | ||||||||||||
6,255,349 | FGLMC | 4.000 | 11/01/45 | 6,768,953 | ||||||||||||
12,915,190 | FGLMC | 3.500 | 12/01/45 | 13,775,186 | ||||||||||||
29,215,452 | FGLMC | 3.000 | 03/01/46 | 30,880,053 | ||||||||||||
10,240,371 | FGLMC | 3.500 | 03/01/46 | 10,914,621 | ||||||||||||
4,630,816 | FGLMC | 4.000 | 03/01/46 | 5,006,645 | ||||||||||||
22,204,776 | FGLMC | 3.000 | 04/01/46 | 23,469,274 | ||||||||||||
23,785,468 | FGLMC | 3.500 | 05/01/46 | 25,325,431 | ||||||||||||
15,788,314 | FGLMC | 3.500 | 08/01/46 | 16,888,249 | ||||||||||||
28,646,666 | FGLMC | 3.000 | 09/01/46 | 30,222,886 | ||||||||||||
11,129,169 | FGLMC | 4.000 | 09/01/46 | 11,998,529 | ||||||||||||
10,661,066 | FGLMC | 3.000 | 11/01/46 | 11,249,074 | ||||||||||||
38,170,308 | FGLMC | 3.000 | 11/01/46 | 40,087,744 | ||||||||||||
11,189,440 | FGLMC | 3.000 | 11/01/46 | 11,804,097 | ||||||||||||
7,236,649 | FGLMC | 3.000 | 12/01/46 | 7,624,353 | ||||||||||||
10,261,226 | FGLMC | 3.500 | 12/01/46 | 10,898,468 | ||||||||||||
15,116,789 | FGLMC | 3.000 | 02/01/47 | 15,944,704 | ||||||||||||
6,558,242 | FGLMC | 3.500 | 02/01/47 | 6,972,345 | ||||||||||||
5,603,931 | FGLMC | 4.000 | 02/01/47 | 6,026,760 | ||||||||||||
16,074,076 | FGLMC | 3.500 | 05/01/47 | 17,047,966 | ||||||||||||
17,291,817 | FGLMC | 3.500 | 07/01/47 | 18,360,305 | ||||||||||||
6,803,743 | FGLMC | 3.000 | 08/01/47 | 7,169,460 | ||||||||||||
17,661,882 | FGLMC | 3.500 | 10/01/47 | 18,767,249 | ||||||||||||
9,488,001 | FGLMC | 3.000 | 11/01/47 | 10,001,723 | ||||||||||||
16,198,235 | FGLMC | 3.000 | 12/01/47 | 17,072,160 |
110 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 13,864,046 | FGLMC | 4.000 | % | 12/01/47 | $ | 14,898,681 | |||||||||
26,648,475 | FGLMC | 3.000 | 01/01/48 | 28,095,345 | ||||||||||||
18,854,598 | FGLMC | 3.000 | 02/01/48 | 19,859,683 | ||||||||||||
13,238,570 | FGLMC | 3.500 | 03/01/48 | 14,044,652 | ||||||||||||
15,977,869 | FGLMC | 3.500 | 05/01/48 | 16,936,964 | ||||||||||||
13,110,306 | FGLMC | 4.000 | 05/01/48 | 13,982,727 | ||||||||||||
19,969,411 | FGLMC | 3.500 | 07/01/48 | 21,134,296 | ||||||||||||
20,325,633 | FGLMC | 4.000 | 07/01/48 | 21,684,788 | ||||||||||||
36,398,430 | FGLMC | 4.000 | 08/01/48 | 38,818,094 | ||||||||||||
12,648,760 | FGLMC | 3.500 | 09/01/48 | 13,387,044 | ||||||||||||
5,833,319 | FGLMC | 4.500 | 09/01/48 | 6,274,794 | ||||||||||||
29,512,088 | FGLMC | 4.000 | 10/01/48 | 31,478,948 | ||||||||||||
15,780,961 | FGLMC | 4.500 | 12/01/48 | 16,974,222 | ||||||||||||
9,093,595 | FGLMC | 4.500 | 02/01/49 | 9,780,507 | ||||||||||||
25,533,536 | FGLMC | 3.500 | 05/01/49 | 26,965,473 | ||||||||||||
15 | Federal National Mortgage Association (FNMA) | 5.000 | 04/01/20 | 15 | ||||||||||||
1 | FNMA | 4.500 | 06/01/20 | 1 | ||||||||||||
256 | FNMA | 4.500 | 10/01/20 | 267 | ||||||||||||
16 | FNMA | 4.500 | 11/01/20 | 16 | ||||||||||||
2,547 | FNMA | 5.000 | 12/01/20 | 2,677 | ||||||||||||
105 | FNMA | 5.500 | 01/01/21 | 105 | ||||||||||||
27 | FNMA | 5.000 | 03/01/21 | 28 | ||||||||||||
3,116 | FNMA | 5.500 | 08/01/21 | 3,186 | ||||||||||||
627 | FNMA | 6.000 | 08/01/21 | 639 | ||||||||||||
301 | FNMA | 5.000 | 10/01/21 | 317 | ||||||||||||
18 | FNMA | 5.000 | 11/01/21 | 18 | ||||||||||||
217 | FNMA | 5.500 | 11/01/21 | 219 | ||||||||||||
2,968 | FNMA | 5.500 | 10/01/22 | 3,076 | ||||||||||||
1,635 | FNMA | 6.000 | 10/01/22 | 1,696 | ||||||||||||
949 | FNMA | 5.000 | 03/01/23 | 998 | ||||||||||||
726 | FNMA | 4.500 | 04/01/23 | 759 | ||||||||||||
20,886 | FNMA | 4.500 | 06/01/23 | 21,884 | ||||||||||||
2,635 | FNMA | 5.000 | 06/01/23 | 2,772 | ||||||||||||
3,892 | FNMA | 5.500 | 06/01/23 | 4,254 | ||||||||||||
5,883 | FNMA | 5.000 | 07/01/23 | 6,185 | ||||||||||||
35,444 | FNMA | 5.000 | 07/01/23 | 37,282 | ||||||||||||
3,176 | FNMA | 5.500 | 08/01/23 | 3,352 | ||||||||||||
7,461 | FNMA | 5.000 | 11/01/23 | 8,043 | ||||||||||||
417 | FNMA | 5.500 | 11/01/23 | 421 | ||||||||||||
42,652 | FNMA | 5.500 | 01/01/24 | 43,784 | ||||||||||||
8,104 | FNMA | 5.500 | 02/01/24 | 8,856 | ||||||||||||
34,130 | FNMA | 4.000 | 03/01/24 | 35,916 | ||||||||||||
2,804 | FNMA | 4.500 | 04/01/24 | 2,963 | ||||||||||||
130,360 | FNMA | 4.000 | 05/01/24 | 137,138 | ||||||||||||
39,431 | FNMA | 4.000 | 05/01/24 | 41,483 | ||||||||||||
3,559 | FNMA | 4.000 | 06/01/24 | 3,746 | ||||||||||||
4,459 | FNMA | 4.500 | 07/01/24 | 4,714 | ||||||||||||
4,396 | FNMA | 5.500 | 07/01/24 | 4,804 | ||||||||||||
109 | FNMA | 8.000 | 07/01/24 | 121 | ||||||||||||
25,472 | FNMA | 4.500 | 08/01/24 | 26,770 | ||||||||||||
24,203 | FNMA | 4.000 | 09/01/24 | 25,479 | ||||||||||||
88,372 | FNMA | 4.000 | 09/01/24 | 92,985 | ||||||||||||
7,687 | FNMA | 4.500 | 09/01/24 | 8,102 | ||||||||||||
215,206 | FNMA | 4.500 | 10/01/24 | 227,560 |
111 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 12,020 | FNMA | 5.000 | % | 01/01/25 | $ | 12,958 | |||||||||
18,092 | FNMA | 4.500 | 02/01/25 | 19,130 | ||||||||||||
135,569 | FNMA | 4.500 | 03/01/25 | 142,234 | ||||||||||||
2,302 | FNMA | 4.500 | 03/01/25 | 2,407 | ||||||||||||
52,891 | FNMA | 5.000 | 03/01/25 | 57,019 | ||||||||||||
35,902 | FNMA | 4.500 | 04/01/25 | 38,046 | ||||||||||||
96,310 | FNMA | 4.500 | 04/01/25 | 102,645 | ||||||||||||
499,463 | FNMA | 4.000 | 05/01/25 | 525,785 | ||||||||||||
171,588 | FNMA | 4.000 | 06/01/25 | 180,589 | ||||||||||||
109,493 | FNMA | 4.500 | 06/01/25 | 115,333 | ||||||||||||
49,548 | FNMA | 4.000 | 08/01/25 | 52,166 | ||||||||||||
25,327 | FNMA | 5.500 | 08/01/25 | 27,963 | ||||||||||||
238,337 | FNMA | 3.500 | 09/01/25 | 250,847 | ||||||||||||
240,868 | FNMA | 4.000 | 09/01/25 | 253,397 | ||||||||||||
372,626 | FNMA | 3.500 | 10/01/25 | 392,292 | ||||||||||||
293,513 | FNMA | 3.500 | 10/01/25 | 308,919 | ||||||||||||
121,377 | FNMA | 5.000 | 10/01/25 | 130,969 | ||||||||||||
207,356 | FNMA | 4.000 | 11/01/25 | 218,234 | ||||||||||||
323,411 | FNMA | 3.500 | 12/01/25 | 340,466 | ||||||||||||
255,613 | FNMA | 3.500 | 02/01/26 | 269,149 | ||||||||||||
1,419,475 | FNMA | 3.500 | 02/01/26 | 1,494,631 | ||||||||||||
75,126 | FNMA | 4.000 | 03/01/26 | 79,271 | ||||||||||||
206,832 | FNMA | 4.000 | 06/01/26 | 218,276 | ||||||||||||
202,571 | FNMA | 3.500 | 08/01/26 | 213,297 | ||||||||||||
156,689 | FNMA | 3.500 | 09/01/26 | 165,019 | ||||||||||||
84,057 | FNMA | 4.000 | 09/01/26 | 88,684 | ||||||||||||
248,748 | FNMA | 3.500 | 10/01/26 | 261,906 | ||||||||||||
5,564 | FNMA | 6.000 | 10/01/26 | 6,154 | ||||||||||||
366,570 | FNMA | 3.000 | 11/01/26 | 383,439 | ||||||||||||
322,728 | FNMA | 3.000 | 12/01/26 | 338,076 | ||||||||||||
859,734 | FNMA | 3.000 | 01/01/27 | 900,732 | ||||||||||||
970,044 | FNMA | 4.000 | 01/01/27 | 1,020,793 | ||||||||||||
646,027 | FNMA | 3.500 | 02/01/27 | 680,486 | ||||||||||||
1,026,279 | FNMA | 3.000 | 04/01/27 | 1,075,309 | ||||||||||||
675,290 | FNMA | 3.000 | 04/01/27 | 707,448 | ||||||||||||
395,982 | FNMA | 3.500 | 05/01/27 | 417,050 | ||||||||||||
420,689 | FNMA | 2.500 | 06/01/27 | 436,929 | ||||||||||||
1,170,248 | FNMA | 3.000 | 06/01/27 | 1,226,120 | ||||||||||||
502,118 | FNMA | 2.500 | 07/01/27 | 521,491 | ||||||||||||
1,076,754 | FNMA | 2.500 | 09/01/27 | 1,118,392 | ||||||||||||
11,562 | FNMA | 5.500 | 09/01/27 | 12,657 | ||||||||||||
1,828,058 | FNMA | 2.500 | 10/01/27 | 1,898,602 | ||||||||||||
1,126,803 | FNMA | 3.000 | 11/01/27 | 1,180,495 | ||||||||||||
2,125 | FNMA | 5.500 | 01/01/28 | 2,329 | ||||||||||||
4,288,556 | FNMA | 2.500 | 02/01/28 | 4,465,915 | ||||||||||||
3,501,543 | FNMA | 2.500 | 02/01/28 | 3,636,843 | ||||||||||||
1,590 | FNMA | 5.000 | 02/01/28 | 1,714 | ||||||||||||
2,549,627 | FNMA | 2.500 | 04/01/28 | 2,648,173 | ||||||||||||
3,809,596 | FNMA | 2.500 | 04/01/28 | 3,956,594 | ||||||||||||
9,242 | FNMA | 5.500 | 06/01/28 | 10,123 | ||||||||||||
1,015,515 | FNMA | 2.500 | 07/01/28 | 1,054,745 | ||||||||||||
2,039,048 | FNMA | 2.500 | 08/01/28 | 2,117,776 | ||||||||||||
2,890,837 | FNMA | 3.000 | 10/01/28 | 3,028,251 |
112 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,534 | FNMA | 5.500 | % | 11/01/28 | $ | 1,679 | |||||||||
9 | FNMA | 7.500 | 01/01/29 | 10 | ||||||||||||
3,373,200 | FNMA | 3.000 | 03/01/29 | 3,533,812 | ||||||||||||
14,995 | FNMA | 4.000 | 03/01/29 | 16,102 | ||||||||||||
11,670,450 | FNMA | 3.000 | 04/01/29 | 12,234,531 | ||||||||||||
47,939 | FNMA | 4.500 | 04/01/29 | 51,669 | ||||||||||||
38,803 | FNMA | 4.000 | 05/01/29 | 41,669 | ||||||||||||
19,573 | FNMA | 4.500 | 06/01/29 | 21,106 | ||||||||||||
6,610 | FNMA | 4.000 | 07/01/29 | 7,098 | ||||||||||||
124,697 | FNMA | 4.500 | 08/01/29 | 135,753 | ||||||||||||
14,760,107 | FNMA | 3.500 | 09/01/29 | 15,676,937 | ||||||||||||
23,917 | FNMA | 4.500 | 09/01/29 | 26,035 | ||||||||||||
25,961 | FNMA | 4.500 | 11/01/29 | 28,228 | ||||||||||||
6,612 | FNMA | 4.500 | 01/01/30 | 7,202 | ||||||||||||
2,121,116 | FNMA | 2.500 | 02/01/30 | 2,203,039 | ||||||||||||
16,838 | FNMA | 4.000 | 03/01/30 | 18,108 | ||||||||||||
7,324 | FNMA | 4.500 | 05/01/30 | 7,979 | ||||||||||||
10,449 | FNMA | 4.500 | 06/01/30 | 11,383 | ||||||||||||
4,591,596 | FNMA | 3.000 | 07/01/30 | 4,821,941 | ||||||||||||
94,894 | FNMA | 4.500 | 08/01/30 | 103,363 | ||||||||||||
20,828 | FNMA | 4.000 | 09/01/30 | 22,739 | ||||||||||||
141,532 | FNMA | 4.000 | 10/01/30 | 154,490 | ||||||||||||
1,189,382 | FNMA | 4.000 | 11/01/30 | 1,298,297 | ||||||||||||
211,241 | FNMA | 4.000 | 11/01/30 | 230,606 | ||||||||||||
45,569 | FNMA | 4.500 | 12/01/30 | 49,811 | ||||||||||||
4,557,067 | FNMA | 3.000 | 02/01/31 | 4,785,404 | ||||||||||||
67,512 | FNMA | 3.500 | 02/01/31 | 71,396 | ||||||||||||
71,851 | FNMA | 4.000 | 02/01/31 | 78,437 | ||||||||||||
532 | FNMA | 7.500 | 03/01/31 | 640 | ||||||||||||
5,188,705 | FNMA | 2.500 | 04/01/31 | 5,388,926 | ||||||||||||
198,705 | FNMA | 3.500 | 04/01/31 | 210,129 | ||||||||||||
22,046 | FNMA | 4.000 | 04/01/31 | 24,063 | ||||||||||||
4,560,365 | FNMA | 3.000 | 05/01/31 | 4,788,555 | ||||||||||||
1,973 | FNMA | 6.000 | 05/01/31 | 2,256 | ||||||||||||
5,669,261 | FNMA | 2.500 | 06/01/31 | 5,888,263 | ||||||||||||
785,958 | FNMA | 4.500 | 07/01/31 | 866,685 | ||||||||||||
114,802 | FNMA | 4.500 | 07/01/31 | 125,501 | ||||||||||||
682,772 | FNMA | 4.000 | 08/01/31 | 745,388 | ||||||||||||
7,093,702 | FNMA | 2.500 | 09/01/31 | 7,368,176 | ||||||||||||
3,756,237 | FNMA | 3.000 | 09/01/31 | 3,944,347 | ||||||||||||
47,674 | FNMA | 4.000 | 09/01/31 | 52,038 | ||||||||||||
313 | FNMA | 6.500 | 09/01/31 | 353 | ||||||||||||
21,621 | FNMA | 6.000 | 11/01/31 | 24,781 | ||||||||||||
2,698 | FNMA | 6.500 | 11/01/31 | 3,091 | ||||||||||||
7,512,034 | FNMA | 2.500 | 12/01/31 | 7,803,077 | ||||||||||||
1,299,324 | FNMA | 3.500 | 01/01/32 | 1,397,963 | ||||||||||||
7,362 | FNMA | 6.000 | 01/01/32 | 8,436 | ||||||||||||
1,587 | FNMA | 6.000 | 01/01/32 | 1,754 | ||||||||||||
544,230 | FNMA | 3.500 | 02/01/32 | 585,472 | ||||||||||||
4,849 | FNMA | 6.000 | 02/01/32 | 5,482 | ||||||||||||
6,080,445 | FNMA | 3.000 | 03/01/32 | 6,383,856 | ||||||||||||
22,202 | FNMA | 6.500 | 04/01/32 | 26,188 | ||||||||||||
21,938,370 | FNMA | 3.000 | 06/01/32 | 23,029,473 | ||||||||||||
41,427 | FNMA | 6.500 | 07/01/32 | 47,341 |
113 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 6,919 | FNMA | 6.500 | % | 08/01/32 | $ | 7,849 | |||||||||
600,060 | FNMA | 3.000 | 09/01/32 | 637,611 | ||||||||||||
24,457,752 | FNMA | 3.000 | 09/01/32 | 25,684,172 | ||||||||||||
17,555 | FNMA | 7.500 | 09/01/32 | 20,388 | ||||||||||||
1,763,592 | FNMA | 3.000 | 10/01/32 | 1,877,356 | ||||||||||||
33,265 | FNMA | 5.500 | 10/01/32 | 37,106 | ||||||||||||
35,300 | FNMA | 6.000 | 10/01/32 | 39,082 | ||||||||||||
10,130 | FNMA | 6.000 | 11/01/32 | 11,525 | ||||||||||||
14,197,501 | FNMA | 3.000 | 12/01/32 | 14,903,806 | ||||||||||||
596 | FNMA | 5.500 | 12/01/32 | 652 | ||||||||||||
14,438 | FNMA | 5.500 | 12/01/32 | 16,264 | ||||||||||||
14,189 | FNMA | 6.000 | 12/01/32 | 16,027 | ||||||||||||
93,053 | FNMA | 5.500 | 01/01/33 | 103,377 | ||||||||||||
217,629 | FNMA | 6.000 | 01/01/33 | 249,823 | ||||||||||||
102,201 | FNMA | 5.000 | 02/01/33 | 113,260 | ||||||||||||
6,509 | FNMA | 5.000 | 02/01/33 | 7,158 | ||||||||||||
1,223,269 | FNMA | 3.000 | 04/01/33 | 1,298,073 | ||||||||||||
1,465,406 | FNMA | 3.500 | 04/01/33 | 1,577,117 | ||||||||||||
5,079 | FNMA | 6.000 | 04/01/33 | 5,820 | ||||||||||||
13,070,747 | FNMA | 3.500 | 05/01/33 | 13,787,062 | ||||||||||||
670,905 | FNMA | 5.500 | 05/01/33 | 753,627 | ||||||||||||
38,527 | FNMA | 5.000 | 06/01/33 | 42,696 | ||||||||||||
80,378 | FNMA | 5.500 | 06/01/33 | 90,652 | ||||||||||||
11,110 | FNMA | 4.500 | 07/01/33 | 12,020 | ||||||||||||
37,948 | FNMA | 5.000 | 07/01/33 | 42,030 | ||||||||||||
78,931 | FNMA | 4.500 | 08/01/33 | 86,251 | ||||||||||||
4,016 | FNMA | 4.500 | 08/01/33 | 4,318 | ||||||||||||
13,715 | FNMA | 5.000 | 08/01/33 | 15,184 | ||||||||||||
51,612 | FNMA | 5.500 | 09/01/33 | 56,490 | ||||||||||||
143,920 | FNMA | 5.500 | 09/01/33 | 158,984 | ||||||||||||
7,850 | FNMA | 6.000 | 09/01/33 | 8,747 | ||||||||||||
109,432 | FNMA | 4.500 | 10/01/33 | 119,922 | ||||||||||||
16,534 | FNMA | 5.000 | 10/01/33 | 18,301 | ||||||||||||
11,368 | FNMA | 5.000 | 10/01/33 | 12,490 | ||||||||||||
152,240 | FNMA | 5.500 | 10/01/33 | 168,685 | ||||||||||||
427,085 | FNMA | 5.500 | 10/01/33 | 482,476 | ||||||||||||
6,681 | FNMA | 4.500 | 11/01/33 | 7,315 | ||||||||||||
21,592 | FNMA | 5.000 | 11/01/33 | 23,932 | ||||||||||||
1,427,401 | FNMA | 5.000 | 11/01/33 | 1,582,016 | ||||||||||||
166,626 | FNMA | 5.000 | 12/01/33 | 184,631 | ||||||||||||
213,715 | FNMA | 5.500 | 12/01/33 | 241,413 | ||||||||||||
2,241,145 | FNMA | 3.000 | 01/01/34 | 2,384,939 | ||||||||||||
65,075 | FNMA | 5.000 | 02/01/34 | 72,119 | ||||||||||||
269,232 | FNMA | 6.000 | 02/01/34 | 308,345 | ||||||||||||
6,861 | FNMA | 5.000 | 03/01/34 | 7,604 | ||||||||||||
8,732 | FNMA | 5.000 | 03/01/34 | 9,677 | ||||||||||||
18,926 | FNMA | 5.000 | 03/01/34 | 20,974 | ||||||||||||
16,113 | FNMA | 5.000 | 03/01/34 | 17,856 | ||||||||||||
384,260 | FNMA | 5.000 | 03/01/34 | 425,837 | ||||||||||||
5,598 | FNMA | 5.000 | 03/01/34 | 6,204 | ||||||||||||
53,452 | FNMA | 5.000 | 04/01/34 | 59,222 | ||||||||||||
57,767 | FNMA | 5.500 | 04/01/34 | 65,274 | ||||||||||||
34,734 | FNMA | 4.500 | 05/01/34 | 38,019 |
114 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 14,952 | FNMA | 4.500 | % | 05/01/34 | $ | 16,367 | |||||||||
13,299 | FNMA | 5.500 | 07/01/34 | 15,028 | ||||||||||||
21,325 | FNMA | 5.500 | 07/01/34 | 24,097 | ||||||||||||
19,854 | FNMA | 7.000 | 07/01/34 | 23,279 | ||||||||||||
157,773 | FNMA | 5.000 | 08/01/34 | 174,873 | ||||||||||||
17,847 | FNMA | 5.000 | 08/01/34 | 19,777 | ||||||||||||
90,740 | FNMA | 6.000 | 08/01/34 | 104,454 | ||||||||||||
16,328 | FNMA | 6.000 | 08/01/34 | 18,777 | ||||||||||||
9,847 | FNMA | 4.500 | 09/01/34 | 10,785 | ||||||||||||
321,670 | FNMA | 5.500 | 09/01/34 | 363,487 | ||||||||||||
3,264 | FNMA | 5.500 | 11/01/34 | 3,689 | ||||||||||||
9,463 | FNMA | 6.000 | 11/01/34 | 10,472 | ||||||||||||
29,121,220 | FNMA | 2.500 | 12/01/34 | 30,228,148 | ||||||||||||
29,095,340 | FNMA | 3.000 | 12/01/34 | 30,456,222 | ||||||||||||
5,031 | FNMA | 5.000 | 12/01/34 | 5,575 | ||||||||||||
3,019 | FNMA | 5.500 | 12/01/34 | 3,413 | ||||||||||||
9,892 | FNMA | 6.000 | 12/01/34 | 11,052 | ||||||||||||
472,392 | FNMA | 4.500 | 01/01/35 | 517,686 | ||||||||||||
30,988 | FNMA | 5.500 | 01/01/35 | 34,406 | ||||||||||||
967,042 | FNMA | 5.500 | 02/01/35 | 1,092,744 | ||||||||||||
41,970 | FNMA | 5.500 | 02/01/35 | 47,453 | ||||||||||||
9,513,174 | FNMA | 2.000 | 03/01/35 | 9,772,752 | ||||||||||||
20,157,898 | FNMA | 2.500 | 03/01/35 | 20,925,475 | ||||||||||||
266,788 | FNMA | 5.500 | 04/01/35 | 294,666 | ||||||||||||
37,855 | FNMA | 6.000 | 04/01/35 | 43,572 | ||||||||||||
39,688 | FNMA | 6.000 | 04/01/35 | 45,667 | ||||||||||||
70,506 | FNMA | 6.000 | 05/01/35 | 81,075 | ||||||||||||
16,485 | FNMA | 5.000 | 06/01/35 | 18,267 | ||||||||||||
1,766 | i | FNMA | 4.067 | 07/01/35 | 1,782 | |||||||||||
48,926 | FNMA | 5.000 | 07/01/35 | 54,218 | ||||||||||||
5,482,100 | FNMA | 3.000 | 08/01/35 | 5,813,748 | ||||||||||||
103,551 | FNMA | 4.500 | 08/01/35 | 113,379 | ||||||||||||
65,010 | FNMA | 5.000 | 08/01/35 | 72,307 | ||||||||||||
103,472 | FNMA | 5.000 | 08/01/35 | 114,975 | ||||||||||||
3,995 | FNMA | 4.500 | 09/01/35 | 4,369 | ||||||||||||
4,924 | FNMA | 4.500 | 09/01/35 | 5,396 | ||||||||||||
12,067 | FNMA | 5.500 | 09/01/35 | 13,640 | ||||||||||||
45,116 | FNMA | 5.000 | 10/01/35 | 48,978 | ||||||||||||
113,744 | FNMA | 5.500 | 10/01/35 | 127,373 | ||||||||||||
3,246 | FNMA | 5.000 | 11/01/35 | 3,397 | ||||||||||||
147,027 | FNMA | 5.500 | 11/01/35 | 166,598 | ||||||||||||
1,672 | FNMA | 4.500 | 12/01/35 | 1,797 | ||||||||||||
47,361 | FNMA | 5.500 | 12/01/35 | 51,789 | ||||||||||||
6,650,558 | FNMA | 3.500 | 01/01/36 | 7,155,126 | ||||||||||||
39,876 | i | FNMA | 3.535 | 02/01/36 | 40,236 | |||||||||||
354,108 | FNMA | 5.000 | 02/01/36 | 394,290 | ||||||||||||
160,476 | FNMA | 6.000 | 03/01/36 | 184,495 | ||||||||||||
2,479,105 | FNMA | 3.500 | 05/01/36 | 2,646,081 | ||||||||||||
3,128 | FNMA | 5.000 | 05/01/36 | 3,475 | ||||||||||||
231,807 | FNMA | 6.000 | 06/01/36 | 262,444 | ||||||||||||
26,276 | i | FNMA | 4.210 | 07/01/36 | 26,528 | |||||||||||
16,165 | FNMA | 6.000 | 07/01/36 | 18,573 | ||||||||||||
85,441 | FNMA | 6.500 | 07/01/36 | 97,890 | ||||||||||||
18,383,263 | FNMA | 3.000 | 08/01/36 | 19,454,834 |
115 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 84,258 | FNMA | 5.500 | % | 08/01/36 | $ | 92,079 | |||||||||
144,329 | FNMA | 6.500 | 08/01/36 | 165,807 | ||||||||||||
3,241,061 | FNMA | 3.000 | 09/01/36 | 3,429,809 | ||||||||||||
12,048 | FNMA | 5.500 | 09/01/36 | 13,613 | ||||||||||||
4,331 | FNMA | 6.500 | 09/01/36 | 5,035 | ||||||||||||
16,449 | FNMA | 6.500 | 09/01/36 | 19,765 | ||||||||||||
20,845 | FNMA | 6.000 | 10/01/36 | 24,001 | ||||||||||||
6,681,144 | FNMA | 3.000 | 11/01/36 | 7,071,514 | ||||||||||||
9,956 | FNMA | 6.500 | 11/01/36 | 11,778 | ||||||||||||
2,012 | i | FNMA | 3.936 | 12/01/36 | 2,033 | |||||||||||
59,083 | FNMA | 6.000 | 12/01/36 | 67,976 | ||||||||||||
7,019 | i | FNMA | 3.795 | 01/01/37 | 7,161 | |||||||||||
26,705 | FNMA | 5.500 | 01/01/37 | 30,247 | ||||||||||||
2,067 | i | FNMA | 3.419 | 02/01/37 | 2,099 | |||||||||||
190,278 | FNMA | 5.500 | 02/01/37 | 215,606 | ||||||||||||
11,177 | FNMA | 6.000 | 02/01/37 | 12,855 | ||||||||||||
12,877 | FNMA | 7.000 | 02/01/37 | 15,100 | ||||||||||||
3,413 | i | FNMA | 3.990 | 03/01/37 | 3,446 | |||||||||||
1,505 | FNMA | 5.000 | 03/01/37 | 1,675 | ||||||||||||
63,733 | FNMA | 6.500 | 03/01/37 | 76,208 | ||||||||||||
45,900 | FNMA | 6.500 | 03/01/37 | 52,650 | ||||||||||||
49,109 | FNMA | 7.000 | 04/01/37 | 60,814 | ||||||||||||
61,588 | FNMA | 5.000 | 05/01/37 | 68,321 | ||||||||||||
3,299 | FNMA | 7.000 | 05/01/37 | 3,649 | ||||||||||||
10,296 | i | FNMA | 4.482 | 06/01/37 | 10,369 | |||||||||||
15,549 | FNMA | 5.500 | 06/01/37 | 17,588 | ||||||||||||
18,309 | FNMA | 5.500 | 08/01/37 | 20,744 | ||||||||||||
8,617 | FNMA | 6.000 | 08/01/37 | 9,898 | ||||||||||||
25,576 | FNMA | 6.500 | 08/01/37 | 28,903 | ||||||||||||
3,378 | FNMA | 6.500 | 08/01/37 | 3,806 | ||||||||||||
15,138 | FNMA | 5.500 | 09/01/37 | 16,558 | ||||||||||||
62,465 | FNMA | 6.000 | 09/01/37 | 72,723 | ||||||||||||
30,005 | FNMA | 6.000 | 09/01/37 | 34,442 | ||||||||||||
84,370 | FNMA | 6.000 | 09/01/37 | 97,572 | ||||||||||||
32,848 | FNMA | 6.000 | 09/01/37 | 38,090 | ||||||||||||
107,632 | FNMA | 6.000 | 09/01/37 | 125,298 | ||||||||||||
13,128 | FNMA | 6.500 | 09/01/37 | 15,014 | ||||||||||||
4,288 | FNMA | 6.500 | 09/01/37 | 4,751 | ||||||||||||
33,068 | i | FNMA | 4.234 | 10/01/37 | 33,342 | |||||||||||
10,633 | FNMA | 6.500 | 10/01/37 | 12,302 | ||||||||||||
142,004 | FNMA | 5.500 | 11/01/37 | 160,456 | ||||||||||||
235,827 | FNMA | 6.000 | 11/01/37 | 271,553 | ||||||||||||
3,204 | FNMA | 7.000 | 11/01/37 | 3,360 | ||||||||||||
7,693,088 | FNMA | 3.000 | 12/01/37 | 8,125,344 | ||||||||||||
6,946,118 | FNMA | 4.000 | 01/01/38 | 7,509,138 | ||||||||||||
516 | FNMA | 6.500 | 01/01/38 | 594 | ||||||||||||
73,594 | FNMA | 5.500 | 02/01/38 | 83,029 | ||||||||||||
26,909 | FNMA | 6.500 | 02/01/38 | 29,815 | ||||||||||||
15,020 | FNMA | 7.000 | 02/01/38 | 18,614 | ||||||||||||
12,918 | i | FNMA | 4.770 | 03/01/38 | 13,071 | |||||||||||
6,144 | FNMA | 5.000 | 03/01/38 | 6,806 | ||||||||||||
3,127 | FNMA | 5.000 | 03/01/38 | 3,473 | ||||||||||||
12,974 | FNMA | 5.500 | 03/01/38 | 14,676 |
116 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 4,633 | FNMA | 6.000 | % | 03/01/38 | $ | 5,352 | |||||||||
5,390 | FNMA | 6.500 | 03/01/38 | 6,464 | ||||||||||||
74,424 | FNMA | 6.500 | 03/01/38 | 86,627 | ||||||||||||
5,135 | FNMA | 6.500 | 03/01/38 | 5,690 | ||||||||||||
15,253 | FNMA | 5.000 | 04/01/38 | 16,443 | ||||||||||||
193,664 | FNMA | 5.500 | 04/01/38 | 219,242 | ||||||||||||
208,952 | FNMA | 6.000 | 04/01/38 | 240,223 | ||||||||||||
13,005 | FNMA | 4.500 | 05/01/38 | 14,021 | ||||||||||||
748,453 | FNMA | 5.000 | 05/01/38 | 833,540 | ||||||||||||
220,141 | FNMA | 5.000 | 05/01/38 | 244,324 | ||||||||||||
524,009 | FNMA | 6.000 | 06/01/38 | 603,388 | ||||||||||||
819,645 | FNMA | 6.500 | 06/01/38 | 952,170 | ||||||||||||
173,069 | FNMA | 6.000 | 07/01/38 | 199,188 | ||||||||||||
2,133 | i | FNMA | 4.000 | 08/01/38 | 2,157 | |||||||||||
1,890 | i | FNMA | 4.229 | 08/01/38 | 1,897 | |||||||||||
529,529 | FNMA | 6.000 | 09/01/38 | 609,306 | ||||||||||||
10,906 | i | FNMA | 3.571 | 10/01/38 | 10,995 | |||||||||||
662 | FNMA | 6.000 | 10/01/38 | 734 | ||||||||||||
10,156 | FNMA | 5.500 | 11/01/38 | 11,482 | ||||||||||||
2,726 | FNMA | 5.000 | 12/01/38 | 3,021 | ||||||||||||
517,042 | FNMA | 5.500 | 12/01/38 | 585,207 | ||||||||||||
79,980 | FNMA | 4.500 | 01/01/39 | 87,387 | ||||||||||||
91,576 | FNMA | 5.000 | 01/01/39 | 101,396 | ||||||||||||
2,027,944 | FNMA | 5.000 | 01/01/39 | 2,251,455 | ||||||||||||
69,712 | FNMA | 5.500 | 01/01/39 | 77,993 | ||||||||||||
293,387 | FNMA | 5.500 | 01/01/39 | 332,378 | ||||||||||||
18,008 | FNMA | 6.000 | 01/01/39 | 20,679 | ||||||||||||
1,623 | FNMA | 6.000 | 01/01/39 | 1,795 | ||||||||||||
115,246 | FNMA | 4.500 | 02/01/39 | 125,877 | ||||||||||||
362,718 | FNMA | 4.500 | 02/01/39 | 396,788 | ||||||||||||
161,270 | FNMA | 4.500 | 02/01/39 | 176,476 | ||||||||||||
5,284 | FNMA | 5.500 | 02/01/39 | 5,979 | ||||||||||||
366,690 | FNMA | 4.000 | 04/01/39 | 396,431 | ||||||||||||
15,697 | FNMA | 5.500 | 04/01/39 | 17,770 | ||||||||||||
636,299 | FNMA | 4.500 | 05/01/39 | 696,886 | ||||||||||||
117,734 | FNMA | 4.500 | 05/01/39 | 128,901 | ||||||||||||
328,518 | FNMA | 4.500 | 06/01/39 | 359,435 | ||||||||||||
121,955 | FNMA | 4.500 | 06/01/39 | 133,548 | ||||||||||||
236,971 | FNMA | 5.500 | �� | 06/01/39 | 268,691 | |||||||||||
74,837 | FNMA | 4.500 | 07/01/39 | 81,967 | ||||||||||||
82,468 | FNMA | 4.500 | 07/01/39 | 90,300 | ||||||||||||
5,913 | i | FNMA | 4.567 | 07/01/39 | 6,008 | |||||||||||
8,210 | FNMA | 5.000 | 07/01/39 | 9,117 | ||||||||||||
206,313 | FNMA | 4.000 | 08/01/39 | 223,120 | ||||||||||||
1,263,559 | FNMA | 4.000 | 08/01/39 | 1,366,513 | ||||||||||||
23,979 | i | FNMA | 4.174 | 08/01/39 | 24,212 | |||||||||||
11,510 | i | FNMA | 4.235 | 08/01/39 | 11,641 | |||||||||||
16,214 | FNMA | 4.500 | 08/01/39 | 17,848 | ||||||||||||
811,144 | FNMA | 4.500 | 08/01/39 | 888,265 | ||||||||||||
254,634 | FNMA | 4.500 | 08/01/39 | 278,750 | ||||||||||||
1,062,690 | FNMA | 5.000 | 08/01/39 | 1,175,118 | ||||||||||||
10,614 | FNMA | 5.000 | 08/01/39 | 11,765 | ||||||||||||
490,232 | FNMA | 4.000 | 09/01/39 | 530,203 | ||||||||||||
31,691 | FNMA | 5.000 | 09/01/39 | 35,161 |
117 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 177,009 | FNMA | 5.500 | % | 09/01/39 | $ | 200,765 | |||||||||
101,084 | FNMA | 6.000 | 09/01/39 | 116,396 | ||||||||||||
379,275 | FNMA | 6.500 | 10/01/39 | 450,752 | ||||||||||||
20,397 | FNMA | 5.000 | 11/01/39 | 22,624 | ||||||||||||
537,654 | FNMA | 4.000 | 12/01/39 | 580,962 | ||||||||||||
64,252 | FNMA | 4.500 | 12/01/39 | 70,384 | ||||||||||||
1,879,196 | FNMA | 4.500 | 12/01/39 | 2,057,703 | ||||||||||||
123,605 | FNMA | 4.500 | 12/01/39 | 135,422 | ||||||||||||
11,902 | i | FNMA | 3.815 | 01/01/40 | 12,155 | |||||||||||
36,575 | FNMA | 4.500 | 01/01/40 | 40,048 | ||||||||||||
42,359 | FNMA | 5.000 | 01/01/40 | 46,996 | ||||||||||||
237,704 | FNMA | 6.000 | 02/01/40 | 273,496 | ||||||||||||
19,911,340 | FNMA | 2.500 | 03/01/40 | 20,665,016 | ||||||||||||
371,330 | FNMA | 4.500 | 03/01/40 | 406,892 | ||||||||||||
187,974 | FNMA | 4.500 | 03/01/40 | 205,974 | ||||||||||||
17,427 | FNMA | 5.000 | 03/01/40 | 19,334 | ||||||||||||
17,796 | FNMA | 4.500 | 04/01/40 | 19,500 | ||||||||||||
637,278 | FNMA | 5.000 | 04/01/40 | 706,551 | ||||||||||||
445,650 | FNMA | 5.000 | 04/01/40 | 494,177 | ||||||||||||
60,246 | i | FNMA | 3.937 | 05/01/40 | 61,582 | |||||||||||
97,674 | i | FNMA | 4.476 | 05/01/40 | 99,677 | |||||||||||
20,628 | FNMA | 4.500 | 05/01/40 | 22,609 | ||||||||||||
37,118 | i | FNMA | 4.745 | 05/01/40 | 37,989 | |||||||||||
43,813 | FNMA | 4.500 | 07/01/40 | 48,002 | ||||||||||||
47,497 | FNMA | 4.500 | 07/01/40 | 52,048 | ||||||||||||
56,429 | FNMA | 5.000 | 07/01/40 | 62,547 | ||||||||||||
9,849 | i | FNMA | 4.055 | 08/01/40 | 9,931 | |||||||||||
510,095 | FNMA | 4.500 | 08/01/40 | 558,865 | ||||||||||||
362,692 | FNMA | 4.500 | 08/01/40 | 397,420 | ||||||||||||
366,344 | FNMA | 5.000 | 08/01/40 | 406,449 | ||||||||||||
845,693 | FNMA | 4.500 | 09/01/40 | 926,622 | ||||||||||||
368,107 | FNMA | 4.500 | 09/01/40 | 403,322 | ||||||||||||
686,615 | FNMA | 6.000 | 09/01/40 | 789,269 | ||||||||||||
151,679 | FNMA | 3.500 | 10/01/40 | 162,838 | ||||||||||||
620,392 | FNMA | 4.000 | 10/01/40 | 671,245 | ||||||||||||
1,442,945 | FNMA | 4.000 | 10/01/40 | 1,561,512 | ||||||||||||
803,769 | FNMA | 4.500 | 10/01/40 | 880,866 | ||||||||||||
1,226,235 | FNMA | 3.500 | 11/01/40 | 1,316,509 | ||||||||||||
1,289,939 | FNMA | 4.000 | 11/01/40 | 1,396,287 | ||||||||||||
1,148,421 | FNMA | 4.000 | 11/01/40 | 1,242,672 | ||||||||||||
723,608 | FNMA | 4.000 | 11/01/40 | 782,922 | ||||||||||||
118,130 | FNMA | 4.500 | 11/01/40 | 129,474 | ||||||||||||
27,104 | i | FNMA | 3.948 | 12/01/40 | 27,348 | |||||||||||
406,615 | FNMA | 4.000 | 12/01/40 | 439,956 | ||||||||||||
2,916,942 | FNMA | 4.500 | 12/01/40 | 3,195,330 | ||||||||||||
44,979 | FNMA | 3.500 | 01/01/41 | 48,285 | ||||||||||||
222,709 | FNMA | 3.500 | 02/01/41 | 239,097 | ||||||||||||
38,303 | i | FNMA | 3.843 | 02/01/41 | 39,142 | |||||||||||
1,091,009 | FNMA | 4.000 | 02/01/41 | 1,180,555 | ||||||||||||
1,013,206 | FNMA | 4.000 | 03/01/41 | 1,096,503 | ||||||||||||
730,064 | FNMA | 4.500 | 04/01/41 | 800,105 | ||||||||||||
1,117,517 | FNMA | 4.500 | 05/01/41 | 1,224,799 | ||||||||||||
163,383 | FNMA | 4.500 | 05/01/41 | 179,033 |
118 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 508,775 | FNMA | 4.500 | % | 06/01/41 | $ | 557,619 | |||||||||
656,627 | FNMA | 4.500 | 07/01/41 | 719,581 | ||||||||||||
94,066 | i | FNMA | 4.509 | 07/01/41 | 95,755 | |||||||||||
1,723,363 | FNMA | 4.000 | 09/01/41 | 1,864,994 | ||||||||||||
902,470 | FNMA | 4.500 | 09/01/41 | 987,556 | ||||||||||||
304,678 | FNMA | 5.500 | 09/01/41 | 345,224 | ||||||||||||
16,237 | i | FNMA | 3.675 | 10/01/41 | 16,399 | |||||||||||
95,327 | i | FNMA | 3.943 | 10/01/41 | 97,282 | |||||||||||
628,419 | FNMA | 3.500 | 11/01/41 | 674,750 | ||||||||||||
691,729 | FNMA | 3.500 | 11/01/41 | 742,339 | ||||||||||||
27,849,402 | FNMA | 3.500 | 12/01/41 | 29,910,067 | ||||||||||||
4,272,102 | FNMA | 3.500 | 12/01/41 | 4,587,464 | ||||||||||||
214,494 | i | FNMA | 3.804 | 12/01/41 | 218,365 | |||||||||||
700,986 | FNMA | 4.000 | 12/01/41 | 758,490 | ||||||||||||
1,876,687 | FNMA | 3.500 | 03/01/42 | 2,015,332 | ||||||||||||
1,187,705 | FNMA | 4.000 | 03/01/42 | 1,285,207 | ||||||||||||
3,514,125 | FNMA | 3.500 | 04/01/42 | 3,772,203 | ||||||||||||
1,229,160 | FNMA | 3.500 | 04/01/42 | 1,323,145 | ||||||||||||
1,358,320 | FNMA | 4.500 | 04/01/42 | 1,487,950 | ||||||||||||
1,235,973 | FNMA | 5.000 | 04/01/42 | 1,386,561 | ||||||||||||
1,070,654 | FNMA | 4.000 | 05/01/42 | 1,158,561 | ||||||||||||
1,141,622 | FNMA | 5.000 | 05/01/42 | 1,250,662 | ||||||||||||
1,185,833 | FNMA | 3.000 | 06/01/42 | 1,253,542 | ||||||||||||
5,090,579 | FNMA | 3.500 | 06/01/42 | 5,465,490 | ||||||||||||
3,987,927 | FNMA | 4.000 | 06/01/42 | 4,317,144 | ||||||||||||
2,727,330 | FNMA | 4.000 | 06/01/42 | 2,952,232 | ||||||||||||
8,138,455 | FNMA | 3.500 | 07/01/42 | 8,738,385 | ||||||||||||
1,515,599 | FNMA | 4.500 | 07/01/42 | 1,660,726 | ||||||||||||
1,630,717 | FNMA | 3.500 | 08/01/42 | 1,749,414 | ||||||||||||
2,833,171 | FNMA | 3.000 | 09/01/42 | 2,995,607 | ||||||||||||
3,387,181 | FNMA | 3.500 | 09/01/42 | 3,636,456 | ||||||||||||
15,011,115 | FNMA | 4.500 | 09/01/42 | 16,447,800 | ||||||||||||
5,828,816 | FNMA | 3.000 | 10/01/42 | 6,163,102 | ||||||||||||
1,646,646 | FNMA | 3.500 | 10/01/42 | 1,768,026 | ||||||||||||
2,308,577 | FNMA | 2.500 | 01/01/43 | 2,403,923 | ||||||||||||
7,079,180 | FNMA | 3.000 | 01/01/43 | 7,484,202 | ||||||||||||
9,875,253 | FNMA | 3.000 | 02/01/43 | 10,441,837 | ||||||||||||
19,219,945 | FNMA | 3.000 | 04/01/43 | 20,321,326 | ||||||||||||
27,509,119 | FNMA | 3.000 | 04/01/43 | 29,177,703 | ||||||||||||
7,175,730 | FNMA | 3.000 | 04/01/43 | 7,587,040 | ||||||||||||
2,514,768 | FNMA | 3.000 | 04/01/43 | 2,658,537 | ||||||||||||
588,182 | i | FNMA | 2.132 | 06/01/43 | 592,943 | |||||||||||
7,096,392 | FNMA | 3.000 | 06/01/43 | 7,502,289 | ||||||||||||
5,861,414 | FNMA | 3.000 | 07/01/43 | 6,196,547 | ||||||||||||
16,327,070 | FNMA | 3.500 | 07/01/43 | 17,533,067 | ||||||||||||
5,114,970 | FNMA | 3.500 | 07/01/43 | 5,493,315 | ||||||||||||
140,990 | i | FNMA | 4.330 | 07/01/43 | 142,015 | |||||||||||
5,223,580 | FNMA | 3.000 | 08/01/43 | 5,523,175 | ||||||||||||
2,373,286 | FNMA | 4.000 | 08/01/43 | 2,583,539 | ||||||||||||
4,173,467 | FNMA | 3.000 | 09/01/43 | 4,453,892 | ||||||||||||
5,088,060 | FNMA | 3.500 | 09/01/43 | 5,462,529 | ||||||||||||
3,704,168 | FNMA | 3.500 | 10/01/43 | 3,976,334 | ||||||||||||
406,199 | FNMA | 4.500 | 10/01/43 | 444,840 | ||||||||||||
1,348,504 | FNMA | 4.000 | 11/01/43 | 1,459,699 |
119 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,066,761 | FNMA | 4.000 | % | 11/01/43 | $ | 3,315,944 | |||||||||
904,410 | FNMA | 4.500 | 12/01/43 | 989,225 | ||||||||||||
2,848,213 | FNMA | 4.500 | 12/01/43 | 3,108,391 | ||||||||||||
3,441,660 | FNMA | 4.000 | 01/01/44 | 3,722,639 | ||||||||||||
48,584,560 | FNMA | 4.000 | 03/01/44 | 52,856,414 | ||||||||||||
2,522,180 | FNMA | 4.000 | 05/01/44 | 2,729,918 | ||||||||||||
2,954,883 | FNMA | 4.000 | 07/01/44 | 3,196,849 | ||||||||||||
2,637,170 | FNMA | 4.000 | 07/01/44 | 2,853,160 | ||||||||||||
1,872,755 | FNMA | 3.500 | 09/01/44 | 2,006,506 | ||||||||||||
2,424,709 | FNMA | 4.000 | 09/01/44 | 2,623,085 | ||||||||||||
6,063,034 | FNMA | 3.500 | 10/01/44 | 6,504,663 | ||||||||||||
13,164,814 | FNMA | 5.000 | 11/01/44 | 14,590,316 | ||||||||||||
2,780,589 | FNMA | 4.000 | 12/01/44 | 3,008,546 | ||||||||||||
4,948,085 | FNMA | 3.000 | 01/01/45 | 5,230,546 | ||||||||||||
15,141,404 | FNMA | 3.000 | 01/01/45 | 16,007,610 | ||||||||||||
28,663,568 | FNMA | 3.500 | 01/01/45 | 30,757,165 | ||||||||||||
9,778,167 | FNMA | 3.500 | 02/01/45 | 10,442,300 | ||||||||||||
6,451,101 | FNMA | 3.000 | 04/01/45 | 6,819,900 | ||||||||||||
10,095,455 | FNMA | 3.500 | 05/01/45 | 10,762,210 | ||||||||||||
8,682,638 | FNMA | 3.500 | 07/01/45 | 9,259,038 | ||||||||||||
11,916,408 | FNMA | 4.000 | 07/01/45 | 12,896,875 | ||||||||||||
27,047,283 | FNMA | 3.500 | 09/01/45 | 29,034,135 | ||||||||||||
15,668,003 | FNMA | 3.000 | 11/01/45 | 16,545,774 | ||||||||||||
7,387,617 | FNMA | 3.500 | 11/01/45 | 7,874,923 | ||||||||||||
17,938,571 | FNMA | 4.000 | 11/01/45 | 19,413,019 | ||||||||||||
9,356,523 | FNMA | 3.500 | 12/01/45 | 9,974,635 | ||||||||||||
6,717,751 | FNMA | 3.500 | 12/01/45 | 7,154,604 | ||||||||||||
19,821,247 | FNMA | 3.500 | 12/01/45 | 21,128,136 | ||||||||||||
26,687,220 | FNMA | 3.500 | 01/01/46 | 28,448,329 | ||||||||||||
5,344,050 | FNMA | 3.500 | 02/01/46 | 5,696,118 | ||||||||||||
16,625,278 | FNMA | 3.500 | 04/01/46 | 17,746,232 | ||||||||||||
7,803,030 | FNMA | 4.500 | 05/01/46 | 8,510,587 | ||||||||||||
6,572,727 | FNMA | 3.000 | 06/01/46 | 6,942,030 | ||||||||||||
10,947,592 | FNMA | 3.500 | 07/01/46 | 11,632,809 | ||||||||||||
15,800,191 | FNMA | 3.500 | 08/01/46 | 16,946,681 | ||||||||||||
10,169,431 | FNMA | 4.000 | 08/01/46 | 10,968,292 | ||||||||||||
10,539,849 | FNMA | 3.000 | 09/01/46 | 11,124,293 | ||||||||||||
11,143,365 | FNMA | 3.000 | 10/01/46 | 11,746,665 | ||||||||||||
21,590,897 | FNMA | 3.000 | 11/01/46 | 22,779,016 | ||||||||||||
6,229,969 | FNMA | 3.500 | 12/01/46 | 6,614,455 | ||||||||||||
71,652,306 | FNMA | 3.000 | 01/01/47 | 75,516,522 | ||||||||||||
8,455,418 | FNMA | 3.000 | 02/01/47 | 8,874,642 | ||||||||||||
7,847,791 | FNMA | 4.000 | 02/01/47 | 8,437,498 | ||||||||||||
11,542,555 | FNMA | 3.000 | 03/01/47 | 12,169,523 | ||||||||||||
10,047,232 | FNMA | 3.500 | 03/01/47 | 10,653,398 | ||||||||||||
2,688,781 | FNMA | 4.000 | 03/01/47 | 2,886,041 | ||||||||||||
1,586,714 | FNMA | 4.500 | 03/01/47 | 1,727,123 | ||||||||||||
9,351,242 | FNMA | 3.000 | 04/01/47 | 9,877,729 | ||||||||||||
15,623,304 | FNMA | 3.000 | 04/01/47 | 16,487,339 | ||||||||||||
13,504,688 | FNMA | 3.500 | 04/01/47 | 14,336,168 | ||||||||||||
6,722,594 | FNMA | 3.500 | 05/01/47 | 7,128,729 | ||||||||||||
16,561,114 | FNMA | 3.500 | 07/01/47 | 17,534,771 | ||||||||||||
9,630,240 | FNMA | 3.500 | 07/01/47 | 10,383,148 |
120 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 11,843,760 | FNMA | 4.000 | % | 07/01/47 | $ | 12,723,218 | |||||||||
15,292,645 | FNMA | 3.500 | 08/01/47 | 16,215,002 | ||||||||||||
32,810,152 | FNMA | 3.500 | 11/01/47 | 34,799,214 | ||||||||||||
5,057,515 | FNMA | 4.500 | 11/01/47 | 5,485,003 | ||||||||||||
7,971,085 | FNMA | 3.500 | 01/01/48 | 8,460,384 | ||||||||||||
7,641,669 | FNMA | 3.500 | 01/01/48 | 8,075,126 | ||||||||||||
27,304,885 | FNMA | 4.000 | 01/01/48 | 29,133,584 | ||||||||||||
4,046,399 | FNMA | 3.000 | 02/01/48 | 4,260,901 | ||||||||||||
10,990,943 | FNMA | 4.000 | 04/01/48 | 11,783,180 | ||||||||||||
816,686 | FNMA | 4.500 | 04/01/48 | 880,728 | ||||||||||||
16,855,012 | FNMA | 3.500 | 06/01/48 | 17,860,325 | ||||||||||||
32,342,051 | FNMA | 4.000 | 07/01/48 | 34,538,189 | ||||||||||||
20,781,299 | FNMA | 4.500 | 07/01/48 | 22,382,432 | ||||||||||||
12,710,038 | FNMA | 4.000 | 08/01/48 | 13,566,941 | ||||||||||||
9,411,059 | FNMA | 4.000 | 10/01/48 | 10,059,940 | ||||||||||||
11,298,130 | FNMA | 4.500 | 10/01/48 | 12,147,737 | ||||||||||||
46,923,713 | FNMA | 3.000 | 11/01/48 | 49,481,354 | ||||||||||||
25,362,978 | FNMA | 4.000 | 11/01/48 | 27,048,862 | ||||||||||||
8,199,505 | FNMA | 4.500 | 11/01/48 | 8,829,157 | ||||||||||||
9,310,258 | FNMA | 4.000 | 12/01/48 | 9,924,882 | ||||||||||||
8,010,976 | FNMA | 4.500 | 01/01/49 | 8,610,011 | ||||||||||||
21,748,991 | FNMA | 4.500 | 02/01/49 | 23,380,517 | ||||||||||||
26,532,866 | FNMA | 4.000 | 04/01/49 | 28,301,271 | ||||||||||||
22,012,288 | FNMA | 5.000 | 04/01/49 | 23,751,641 | ||||||||||||
16,968,944 | FNMA | 4.000 | 08/01/49 | 18,107,929 | ||||||||||||
19,251,648 | FNMA | 2.500 | 09/01/49 | 19,949,269 | ||||||||||||
56,541,807 | FNMA | 3.000 | 09/01/49 | 59,255,979 | ||||||||||||
49,146,013 | FNMA | 2.500 | 11/01/49 | 50,931,624 | ||||||||||||
24,698,781 | FNMA | 2.500 | 12/01/49 | 25,594,910 | ||||||||||||
24,671,881 | FNMA | 3.000 | 12/01/49 | 26,061,603 | ||||||||||||
49,232,571 | FNMA | 3.000 | 12/01/49 | 51,602,857 | ||||||||||||
5,635,891 | FNMA | 3.500 | 07/01/55 | 5,988,638 | ||||||||||||
1,532 | Government National Mortgage Association (GNMA) | 4.500 | 01/20/24 | 1,631 | ||||||||||||
13,997 | GNMA | 4.000 | 04/15/24 | 14,724 | ||||||||||||
4,200 | GNMA | 4.500 | 07/15/24 | 4,403 | ||||||||||||
52,546 | GNMA | 4.000 | 08/15/24 | 55,256 | ||||||||||||
13,491 | GNMA | 4.500 | 08/15/24 | 14,142 | ||||||||||||
41,445 | GNMA | 4.000 | 09/15/24 | 43,581 | ||||||||||||
8,250 | GNMA | 4.500 | 01/15/25 | 8,648 | ||||||||||||
71,026 | GNMA | 4.000 | 08/15/25 | 74,728 | ||||||||||||
37,661 | GNMA | 3.500 | 03/15/26 | 39,572 | ||||||||||||
37,909 | GNMA | 4.000 | 04/15/26 | 39,885 | ||||||||||||
38,551 | GNMA | 4.000 | 06/20/26 | 40,652 | ||||||||||||
61,881 | GNMA | 3.500 | 11/20/26 | 64,869 | ||||||||||||
322,648 | GNMA | 3.000 | 12/15/26 | 337,545 | ||||||||||||
1,047,504 | GNMA | 2.500 | 04/20/27 | 1,084,881 | ||||||||||||
698,354 | GNMA | 2.500 | 09/20/27 | 723,264 | ||||||||||||
425 | GNMA | 6.500 | 09/15/28 | 466 | ||||||||||||
285 | GNMA | 6.500 | 09/15/28 | 313 | ||||||||||||
1,151 | GNMA | 6.500 | 11/15/28 | 1,284 | ||||||||||||
214 | GNMA | 7.500 | 11/15/28 | 215 | ||||||||||||
1,029,885 | GNMA | 3.500 | 11/20/28 | 1,081,687 | ||||||||||||
6,790 | GNMA | 8.500 | 10/15/30 | 7,117 |
121 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 2,657 | GNMA | 8.500 | % | 10/20/30 | $ | 3,197 | |||||||||
332 | GNMA | 8.500 | 12/15/30 | 413 | ||||||||||||
405 | GNMA | 7.000 | 06/20/31 | 492 | ||||||||||||
874 | GNMA | 7.000 | 07/15/31 | 896 | ||||||||||||
1,198 | GNMA | 7.000 | 07/15/31 | 1,266 | ||||||||||||
5,994,256 | GNMA | 3.000 | 08/20/32 | 6,261,082 | ||||||||||||
159,315 | GNMA | 6.000 | 10/15/32 | 180,932 | ||||||||||||
19,427 | GNMA | 5.500 | 12/20/32 | 21,888 | ||||||||||||
45,771 | GNMA | 5.500 | 05/15/33 | 50,237 | ||||||||||||
6,801 | GNMA | 5.000 | 07/15/33 | 7,550 | ||||||||||||
24,741 | GNMA | 5.500 | 07/15/33 | 28,031 | ||||||||||||
5,778 | GNMA | 5.000 | 07/20/33 | 6,405 | ||||||||||||
18,043 | GNMA | 5.000 | 08/15/33 | 19,493 | ||||||||||||
25,054 | GNMA | 5.000 | 08/15/33 | 27,260 | ||||||||||||
104,954 | GNMA | 5.500 | 09/15/33 | 120,789 | ||||||||||||
77,977 | GNMA | 6.000 | 11/20/33 | 88,871 | ||||||||||||
35,179 | GNMA | 5.500 | 05/20/34 | 39,632 | ||||||||||||
50,539 | GNMA | 6.000 | 09/20/34 | 57,591 | ||||||||||||
3,898 | GNMA | 5.000 | 10/20/34 | 4,325 | ||||||||||||
107,813 | GNMA | 5.500 | 11/15/34 | 122,412 | ||||||||||||
50,810 | GNMA | 6.500 | 01/15/35 | 61,088 | ||||||||||||
26,550 | GNMA | 5.500 | 02/20/35 | 29,894 | ||||||||||||
495,557 | GNMA | 5.000 | 03/20/35 | 549,475 | ||||||||||||
148,633 | GNMA | 5.000 | 04/15/35 | 164,960 | ||||||||||||
162,644 | GNMA | 5.500 | 05/20/35 | 182,916 | ||||||||||||
5,923 | GNMA | 5.000 | 09/20/35 | 6,567 | ||||||||||||
3,582 | GNMA | 5.000 | 11/15/35 | 3,873 | ||||||||||||
4,182 | GNMA | 5.000 | 11/15/35 | 4,656 | ||||||||||||
44,604 | GNMA | 5.500 | 02/20/36 | 50,073 | ||||||||||||
5,360 | GNMA | 5.500 | 03/15/36 | 6,092 | ||||||||||||
14,478 | GNMA | 5.500 | 05/20/36 | 16,221 | ||||||||||||
4,517 | GNMA | 6.500 | 06/15/36 | 5,496 | ||||||||||||
133,838 | GNMA | 5.500 | 06/20/36 | 149,814 | ||||||||||||
8,106 | GNMA | 5.000 | 09/15/36 | 9,032 | ||||||||||||
5,422 | GNMA | 6.000 | 09/15/36 | 6,130 | ||||||||||||
13,152 | GNMA | 6.000 | 10/20/36 | 14,997 | ||||||||||||
9,304 | GNMA | 5.000 | 12/15/36 | 10,360 | ||||||||||||
3,082 | GNMA | 5.500 | 01/15/37 | 3,350 | ||||||||||||
7,848 | GNMA | 6.000 | 01/20/37 | 8,943 | ||||||||||||
168,828 | GNMA | 5.500 | 02/15/37 | 189,343 | ||||||||||||
28,525 | GNMA | 6.000 | 02/20/37 | 32,521 | ||||||||||||
213,665 | GNMA | 6.000 | 04/15/37 | 242,665 | ||||||||||||
3,238 | GNMA | 6.500 | 04/15/37 | 3,553 | ||||||||||||
69,056 | GNMA | 6.000 | 04/20/37 | 75,895 | ||||||||||||
14,050 | GNMA | 6.000 | 06/15/37 | 15,631 | ||||||||||||
15,616 | GNMA | 6.000 | 08/20/37 | 17,801 | ||||||||||||
13,150 | GNMA | 6.500 | 08/20/37 | 15,188 | ||||||||||||
60,431 | GNMA | 6.500 | 11/20/37 | 71,002 | ||||||||||||
18,738 | GNMA | 6.000 | 12/15/37 | 21,038 | ||||||||||||
3,441 | GNMA | 5.000 | 02/20/38 | 3,808 | ||||||||||||
100,760 | GNMA | 5.000 | 04/15/38 | 112,262 | ||||||||||||
3,974 | GNMA | 5.500 | 05/20/38 | 4,457 | ||||||||||||
17,361 | GNMA | 5.500 | 06/15/38 | 19,685 |
122 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 41,419 | GNMA | 6.000 | % | 06/20/38 | $ | 47,187 | |||||||||
55,186 | GNMA | 5.500 | 07/15/38 | 62,475 | ||||||||||||
331,205 | GNMA | 5.000 | 07/20/38 | 366,745 | ||||||||||||
296,718 | GNMA | 5.500 | 07/20/38 | 332,116 | ||||||||||||
7,479 | GNMA | 5.500 | 08/15/38 | 8,401 | ||||||||||||
110,134 | GNMA | 6.000 | 08/15/38 | 125,016 | ||||||||||||
45,955 | GNMA | 6.000 | 08/15/38 | 50,990 | ||||||||||||
28,918 | GNMA | 6.000 | 08/20/38 | 32,952 | ||||||||||||
116,015 | GNMA | 6.000 | 09/20/38 | 132,276 | ||||||||||||
36,324 | GNMA | 5.000 | 10/15/38 | 39,265 | ||||||||||||
11,230 | GNMA | 5.500 | 10/15/38 | 12,878 | ||||||||||||
5,885 | GNMA | 6.500 | 10/20/38 | 7,017 | ||||||||||||
19,021 | GNMA | 6.500 | 10/20/38 | 20,839 | ||||||||||||
1,599 | GNMA | 5.500 | 11/15/38 | 1,818 | ||||||||||||
23,794 | GNMA | 6.500 | 11/20/38 | 28,292 | ||||||||||||
121,503 | GNMA | 6.000 | 12/15/38 | 137,500 | ||||||||||||
3,033 | GNMA | 6.500 | 12/15/38 | 3,538 | ||||||||||||
22,139 | GNMA | 5.000 | 01/15/39 | 24,665 | ||||||||||||
541,530 | GNMA | 4.500 | 01/20/39 | 593,139 | ||||||||||||
58,456 | GNMA | 6.500 | 01/20/39 | 67,265 | ||||||||||||
21,451 | GNMA | 5.000 | 02/15/39 | 23,887 | ||||||||||||
7,577 | GNMA | 6.000 | 02/15/39 | 8,437 | ||||||||||||
19,783 | GNMA | 4.500 | 03/15/39 | 21,913 | ||||||||||||
182,004 | GNMA | 4.500 | 03/15/39 | 201,592 | ||||||||||||
6,809 | GNMA | 4.500 | 03/20/39 | 7,469 | ||||||||||||
118,303 | GNMA | 5.500 | 03/20/39 | 132,391 | ||||||||||||
11,582 | GNMA | 4.500 | 04/15/39 | 12,838 | ||||||||||||
176,753 | GNMA | 5.500 | 04/15/39 | 197,358 | ||||||||||||
4,369 | GNMA | 5.000 | 04/20/39 | 4,833 | ||||||||||||
23,630 | GNMA | 4.000 | 05/15/39 | 25,565 | ||||||||||||
336,956 | GNMA | 4.500 | 05/15/39 | 373,170 | ||||||||||||
156,478 | GNMA | 5.000 | 05/15/39 | 173,157 | ||||||||||||
24,216 | GNMA | 4.000 | 05/20/39 | 26,408 | ||||||||||||
62,616 | GNMA | 4.500 | 05/20/39 | 69,000 | ||||||||||||
1,301,722 | GNMA | 5.000 | 05/20/39 | 1,440,355 | ||||||||||||
9,309 | GNMA | 4.500 | 06/15/39 | 10,312 | ||||||||||||
916,144 | GNMA | 4.500 | 06/15/39 | 1,014,120 | ||||||||||||
921,367 | GNMA | 5.000 | 06/15/39 | 1,043,066 | ||||||||||||
1,140,461 | GNMA | 5.000 | 06/15/39 | 1,290,857 | ||||||||||||
20,848 | GNMA | 5.000 | 06/15/39 | 23,225 | ||||||||||||
10,391 | GNMA | 5.000 | 06/15/39 | 11,581 | ||||||||||||
11,560 | GNMA | 5.000 | 06/15/39 | 12,879 | ||||||||||||
13,801 | GNMA | 4.000 | 06/20/39 | 15,044 | ||||||||||||
8,426 | GNMA | 5.000 | 06/20/39 | 9,322 | ||||||||||||
1,053,484 | GNMA | 4.000 | 07/15/39 | 1,139,573 | ||||||||||||
28,437 | GNMA | 4.500 | 07/15/39 | 31,492 | ||||||||||||
13,411 | GNMA | 4.500 | 07/15/39 | 14,852 | ||||||||||||
1,251,975 | GNMA | 4.500 | 07/15/39 | 1,401,373 | ||||||||||||
12,763 | GNMA | 5.000 | 07/15/39 | 14,216 | ||||||||||||
140,023 | GNMA | 4.500 | 07/20/39 | 154,276 | ||||||||||||
120,079 | GNMA | 5.000 | 07/20/39 | 132,827 | ||||||||||||
12,891 | GNMA | 5.500 | 07/20/39 | 14,420 | ||||||||||||
64,591 | GNMA | 4.000 | 08/15/39 | 69,861 | ||||||||||||
139,062 | GNMA | 5.000 | 08/15/39 | 154,855 |
123 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 7,817 | GNMA | 5.500 | % | 08/15/39 | $ | 8,782 | |||||||||
57,320 | GNMA | 6.000 | 08/15/39 | 63,434 | ||||||||||||
42,621 | GNMA | 4.000 | 08/20/39 | 46,483 | ||||||||||||
31,365 | GNMA | 5.000 | 08/20/39 | 34,698 | ||||||||||||
14,221 | GNMA | 5.000 | 09/15/39 | 15,366 | ||||||||||||
43,743 | GNMA | 5.000 | 09/20/39 | 48,395 | ||||||||||||
9,764 | GNMA | 4.500 | 10/15/39 | 10,808 | ||||||||||||
5,775 | GNMA | 5.000 | 10/15/39 | 6,396 | ||||||||||||
13,741 | GNMA | 4.500 | 10/20/39 | 15,138 | ||||||||||||
27,997 | GNMA | 4.500 | 11/15/39 | 31,343 | ||||||||||||
20,525 | GNMA | 4.500 | 11/20/39 | 22,617 | ||||||||||||
23,786 | GNMA | 5.000 | 11/20/39 | 26,311 | ||||||||||||
43,095 | GNMA | 4.500 | 12/15/39 | 46,886 | ||||||||||||
705,615 | GNMA | 4.500 | 12/15/39 | 781,420 | ||||||||||||
20,352 | GNMA | 4.500 | 12/20/39 | 22,425 | ||||||||||||
734,330 | GNMA | 5.000 | 12/20/39 | 812,392 | ||||||||||||
687,253 | GNMA | 4.500 | 01/20/40 | 757,159 | ||||||||||||
9,780 | GNMA | 5.500 | 01/20/40 | 10,911 | ||||||||||||
384,773 | GNMA | 5.500 | 02/15/40 | 437,376 | ||||||||||||
54,710 | GNMA | 4.000 | 03/15/40 | 59,242 | ||||||||||||
11,436 | GNMA | 5.000 | 03/15/40 | 12,734 | ||||||||||||
3,135 | GNMA | 4.500 | 04/15/40 | 3,426 | ||||||||||||
116,818 | GNMA | 5.000 | 04/15/40 | 130,029 | ||||||||||||
27,319 | GNMA | 4.500 | 04/20/40 | 30,097 | ||||||||||||
4,557 | GNMA | 4.500 | 05/15/40 | 5,041 | ||||||||||||
133,177 | GNMA | 5.000 | 05/15/40 | 148,148 | ||||||||||||
224,516 | i | GNMA | 3.875 | 05/20/40 | 231,260 | |||||||||||
5,927 | GNMA | 4.500 | 05/20/40 | 6,530 | ||||||||||||
6,835 | GNMA | 4.500 | 06/15/40 | 7,557 | ||||||||||||
2,334,662 | GNMA | 4.500 | 06/15/40 | 2,585,898 | ||||||||||||
10,307 | GNMA | 4.500 | 06/15/40 | 11,413 | ||||||||||||
134,270 | GNMA | 5.000 | 06/20/40 | 148,531 | ||||||||||||
72,740 | GNMA | 4.500 | 07/15/40 | 80,536 | ||||||||||||
285,506 | GNMA | 4.500 | 07/15/40 | 315,413 | ||||||||||||
983,711 | GNMA | 4.500 | 07/20/40 | 1,083,834 | ||||||||||||
28,865 | GNMA | 5.000 | 07/20/40 | 31,922 | ||||||||||||
200,505 | GNMA | 4.000 | 08/15/40 | 217,297 | ||||||||||||
907,700 | GNMA | 4.000 | 08/15/40 | 983,799 | ||||||||||||
85,056 | GNMA | 4.500 | 08/15/40 | 95,144 | ||||||||||||
74,049 | GNMA | 4.500 | 08/20/40 | 81,576 | ||||||||||||
62,940 | GNMA | 4.500 | 09/20/40 | 69,348 | ||||||||||||
19,189 | GNMA | 5.500 | 09/20/40 | 21,483 | ||||||||||||
21,641 | GNMA | 6.500 | 09/20/40 | 25,301 | ||||||||||||
28,112 | GNMA | 4.000 | 10/15/40 | 30,534 | ||||||||||||
55,904 | GNMA | 6.000 | 10/20/40 | 63,742 | ||||||||||||
350,018 | GNMA | 4.000 | 11/15/40 | 379,362 | ||||||||||||
850,851 | GNMA | 4.000 | 11/20/40 | 927,600 | ||||||||||||
208,050 | GNMA | 3.500 | 12/15/40 | 224,359 | ||||||||||||
302,150 | GNMA | 5.500 | 12/20/40 | 338,247 | ||||||||||||
985,522 | GNMA | 4.000 | 01/15/41 | 1,067,828 | ||||||||||||
2,263,225 | GNMA | 4.000 | 01/20/41 | 2,467,532 | ||||||||||||
179,076 | GNMA | 4.000 | 02/15/41 | 193,882 | ||||||||||||
593,642 | GNMA | 4.500 | 02/20/41 | 654,087 |
124 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 321,787 | GNMA | 4.500 | % | 03/15/41 | $ | 356,125 | |||||||||
707,796 | GNMA | 4.500 | 04/20/41 | 779,776 | ||||||||||||
148,482 | GNMA | 5.000 | 04/20/41 | 164,032 | ||||||||||||
54,010 | i | GNMA | 3.875 | 06/20/41 | 55,411 | |||||||||||
155,561 | GNMA | 4.000 | 07/15/41 | 168,828 | ||||||||||||
289,619 | GNMA | 4.000 | 07/20/41 | 315,755 | ||||||||||||
942,021 | GNMA | 4.500 | 07/20/41 | 1,038,002 | ||||||||||||
797,190 | GNMA | 5.000 | 07/20/41 | 881,679 | ||||||||||||
196,397 | GNMA | 4.500 | 08/15/41 | 217,293 | ||||||||||||
361,625 | GNMA | 5.000 | 08/20/41 | 399,476 | ||||||||||||
530,746 | GNMA | 4.000 | 09/15/41 | 576,295 | ||||||||||||
30,888 | i | GNMA | 3.250 | 09/20/41 | 31,696 | |||||||||||
1,317,823 | GNMA | 4.000 | 09/20/41 | 1,436,671 | ||||||||||||
77,728 | GNMA | 4.000 | 10/15/41 | 84,289 | ||||||||||||
59,985 | i | GNMA | 3.125 | 10/20/41 | 61,497 | |||||||||||
38,596 | i | GNMA | 3.125 | 10/20/41 | 39,594 | |||||||||||
1,688,579 | GNMA | 4.000 | 10/20/41 | 1,840,930 | ||||||||||||
208,177 | GNMA | 5.500 | 10/20/41 | 233,111 | ||||||||||||
539,969 | GNMA | 3.500 | 11/15/41 | 582,043 | ||||||||||||
1,180,966 | GNMA | 4.000 | 11/15/41 | 1,283,519 | ||||||||||||
2,170,566 | GNMA | 4.500 | 11/20/41 | 2,391,757 | ||||||||||||
900,700 | GNMA | 5.000 | 11/20/41 | 996,866 | ||||||||||||
193,848 | GNMA | 6.000 | 11/20/41 | 223,580 | ||||||||||||
1,188,644 | GNMA | 3.500 | 01/20/42 | 1,270,812 | ||||||||||||
217,765 | i | GNMA | 4.000 | 02/20/42 | 221,926 | |||||||||||
579,368 | GNMA | 3.500 | 03/20/42 | 619,419 | ||||||||||||
896,096 | GNMA | 4.500 | 03/20/42 | 987,339 | ||||||||||||
1,051,692 | GNMA | 3.500 | 04/15/42 | 1,133,680 | ||||||||||||
1,816,203 | GNMA | 3.500 | 05/20/42 | 1,961,409 | ||||||||||||
5,505,400 | GNMA | 3.500 | 05/20/42 | 5,885,999 | ||||||||||||
1,200,457 | GNMA | 4.000 | 05/20/42 | 1,308,909 | ||||||||||||
2,201,026 | GNMA | 3.500 | 07/15/42 | 2,374,330 | ||||||||||||
221,297 | i | GNMA | 3.250 | 07/20/42 | 226,359 | |||||||||||
1,290,109 | GNMA | 3.500 | 07/20/42 | 1,379,300 | ||||||||||||
1,626,445 | GNMA | 3.000 | 08/20/42 | 1,745,970 | ||||||||||||
1,892,350 | GNMA | 3.500 | 08/20/42 | 2,043,490 | ||||||||||||
5,418,668 | GNMA | 3.500 | 08/20/42 | 5,793,290 | ||||||||||||
918,551 | GNMA | 6.000 | 08/20/42 | 1,046,741 | ||||||||||||
2,123,332 | GNMA | 3.500 | 10/20/42 | 2,270,134 | ||||||||||||
2,369,260 | GNMA | 3.000 | 11/20/42 | 2,543,784 | ||||||||||||
2,784,302 | GNMA | 3.000 | 12/20/42 | 2,989,945 | ||||||||||||
2,029,445 | GNMA | 3.000 | 12/20/42 | 2,168,289 | ||||||||||||
1,627,111 | GNMA | 3.000 | 01/15/43 | 1,728,654 | ||||||||||||
4,147,506 | GNMA | 3.000 | 01/15/43 | 4,421,323 | ||||||||||||
2,111,502 | GNMA | 3.000 | 01/20/43 | 2,267,429 | ||||||||||||
3,607,904 | GNMA | 3.000 | 02/20/43 | 3,874,468 | ||||||||||||
2,269,628 | GNMA | 3.000 | 02/20/43 | 2,438,798 | ||||||||||||
674,317 | GNMA | 3.000 | 04/15/43 | 716,506 | ||||||||||||
620,583 | GNMA | 5.000 | 04/20/43 | 686,230 | ||||||||||||
1,444,920 | GNMA | 3.000 | 05/20/43 | 1,552,234 | ||||||||||||
2,230,669 | GNMA | 3.000 | 06/20/43 | 2,396,307 | ||||||||||||
4,432,640 | GNMA | 3.500 | 06/20/43 | 4,786,594 | ||||||||||||
4,859,610 | GNMA | 3.000 | 07/20/43 | 5,220,644 | ||||||||||||
2,216,709 | GNMA | 3.500 | 07/20/43 | 2,369,983 |
125 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 10,203,296 | GNMA | 4.500 | % | 08/20/43 | $ | 11,149,786 | |||||||||
3,204,709 | GNMA | 3.500 | 09/20/43 | 3,419,178 | ||||||||||||
1,125,971 | GNMA | 4.000 | 09/20/43 | 1,227,308 | ||||||||||||
13,514,428 | GNMA | 3.500 | 10/20/43 | 14,419,282 | ||||||||||||
6,872,929 | GNMA | 4.000 | 10/20/43 | 7,491,573 | ||||||||||||
588,964 | GNMA | 3.500 | 11/20/43 | 628,120 | ||||||||||||
1,213,451 | GNMA | 4.000 | 11/20/43 | 1,322,639 | ||||||||||||
1,068,513 | GNMA | 4.500 | 12/20/43 | 1,169,886 | ||||||||||||
1,120,015 | GNMA | 4.500 | 01/20/44 | 1,227,141 | ||||||||||||
1,528,813 | GNMA | 3.500 | 02/20/44 | 1,627,286 | ||||||||||||
2,056,487 | GNMA | 4.000 | 02/20/44 | 2,241,480 | ||||||||||||
2,076,916 | GNMA | 4.000 | 05/20/44 | 2,263,688 | ||||||||||||
2,155,263 | GNMA | 4.000 | 06/20/44 | 2,349,140 | ||||||||||||
6,173,145 | GNMA | 3.500 | 07/20/44 | 6,560,829 | ||||||||||||
18,931,624 | GNMA | 3.500 | 10/20/44 | 20,191,939 | ||||||||||||
1,603,043 | GNMA | 4.500 | 10/20/44 | 1,750,423 | ||||||||||||
4,487,496 | GNMA | 3.500 | 11/20/44 | 4,769,430 | ||||||||||||
6,128,325 | GNMA | 3.000 | 12/20/44 | 6,580,998 | ||||||||||||
8,803,541 | GNMA | 4.000 | 12/20/44 | 9,595,635 | ||||||||||||
14,352,940 | GNMA | 3.500 | 02/20/45 | 15,252,413 | ||||||||||||
6,762,233 | GNMA | 4.000 | 03/20/45 | 7,370,706 | ||||||||||||
6,473,659 | GNMA | 3.000 | 04/20/45 | 6,952,318 | ||||||||||||
13,638,212 | GNMA | 3.000 | 06/20/45 | 14,647,032 | ||||||||||||
29,459,567 | GNMA | 3.000 | 07/20/45 | 31,640,179 | ||||||||||||
9,704,506 | GNMA | 4.000 | 10/20/45 | 10,588,817 | ||||||||||||
16,188,615 | GNMA | 4.000 | 11/20/45 | 17,643,595 | ||||||||||||
7,496,893 | GNMA | 3.000 | 12/20/45 | 8,052,320 | ||||||||||||
6,605,378 | GNMA | 3.500 | 12/20/45 | 7,021,028 | ||||||||||||
18,489,828 | GNMA | 3.000 | 03/20/46 | 19,847,816 | ||||||||||||
7,448,283 | GNMA | 4.000 | 04/20/46 | 8,068,404 | ||||||||||||
37,847,226 | GNMA | 3.000 | 05/20/46 | 40,638,693 | ||||||||||||
22,229,575 | GNMA | 3.500 | 05/20/46 | 23,623,775 | ||||||||||||
8,625,816 | GNMA | 3.000 | 06/20/46 | 9,251,899 | ||||||||||||
5,102,939 | GNMA | 3.500 | 06/20/46 | 5,423,165 | ||||||||||||
10,674,230 | GNMA | 3.500 | 08/20/46 | 11,344,814 | ||||||||||||
6,267,111 | GNMA | 3.000 | 09/20/46 | 6,714,538 | ||||||||||||
24,422,510 | GNMA | 3.500 | 09/20/46 | 26,114,326 | ||||||||||||
12,147,200 | GNMA | 3.000 | 10/20/46 | 13,002,430 | ||||||||||||
6,504,631 | GNMA | 3.000 | 12/20/46 | 6,951,648 | ||||||||||||
6,593,079 | GNMA | 3.000 | 01/20/47 | 7,047,070 | ||||||||||||
4,748,845 | GNMA | 4.000 | 01/20/47 | 5,073,819 | ||||||||||||
12,331,062 | GNMA | 4.000 | 04/20/47 | 13,283,757 | ||||||||||||
12,417,485 | GNMA | 3.500 | 05/20/47 | 13,190,746 | ||||||||||||
6,483,731 | GNMA | 3.500 | 06/20/47 | 6,832,103 | ||||||||||||
7,791,202 | GNMA | 3.000 | 07/20/47 | 8,328,142 | ||||||||||||
14,521,283 | GNMA | 4.500 | 07/20/47 | 15,696,920 | ||||||||||||
14,609,716 | GNMA | 3.000 | 08/20/47 | 15,616,148 | ||||||||||||
17,027,056 | GNMA | 3.500 | 08/20/47 | 18,085,528 | ||||||||||||
27,615,473 | GNMA | 3.000 | 09/20/47 | 29,259,026 | ||||||||||||
39,463,187 | GNMA | 4.000 | 09/20/47 | 42,530,964 | ||||||||||||
27,743,751 | GNMA | 3.500 | 11/20/47 | 29,466,428 | ||||||||||||
20,896,470 | GNMA | 3.500 | 12/20/47 | 22,067,995 | ||||||||||||
13,899,229 | GNMA | 3.500 | 01/20/48 | 14,743,138 |
126 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 20,780,850 | GNMA | 4.000 | % | 05/20/48 | $ | 22,140,567 | |||||||||
37,501,816 | GNMA | 3.000 | 06/20/48 | 40,018,510 | ||||||||||||
15,137,047 | GNMA | 4.000 | 06/20/48 | 16,184,665 | ||||||||||||
29,261,387 | GNMA | 3.500 | 07/20/48 | 30,980,820 | ||||||||||||
15,322,245 | GNMA | 4.000 | 08/20/48 | 16,430,358 | ||||||||||||
11,775,596 | GNMA | 5.000 | 08/20/48 | 12,674,480 | ||||||||||||
10,574,582 | GNMA | 4.500 | 09/20/48 | 11,290,590 | ||||||||||||
9,645,756 | GNMA | 5.000 | 10/20/48 | 10,266,881 | ||||||||||||
7,638,499 | GNMA | 4.500 | 11/20/48 | 8,106,580 | ||||||||||||
17,989,389 | GNMA | 3.500 | 04/20/49 | 18,949,897 | ||||||||||||
61,592,015 | GNMA | 4.500 | 04/20/49 | 65,390,530 | ||||||||||||
21,287,498 | GNMA | 4.000 | 05/20/49 | 22,589,135 | ||||||||||||
12,307,259 | GNMA | 3.500 | 06/20/49 | 12,975,620 | ||||||||||||
19,640,502 | GNMA | 3.000 | 09/20/49 | 20,809,419 | ||||||||||||
29,330,855 | GNMA | 3.500 | 09/20/49 | 30,915,038 | ||||||||||||
19,733,021 | GNMA | 2.500 | 10/20/49 | 20,636,934 | ||||||||||||
19,787,446 | GNMA | 3.000 | 11/20/49 | 20,965,108 | ||||||||||||
19,753,626 | GNMA | 3.500 | 11/20/49 | 20,831,670 | ||||||||||||
TOTAL MORTGAGE BACKED | 4,417,684,170 | |||||||||||||||
MUNICIPAL BONDS - 0.8% | ||||||||||||||||
200,000 | Alabama Economic Settlement Authority | 4.263 | 09/15/32 | 228,540 | ||||||||||||
300,000 | American Municipal Power | 7.834 | 02/15/41 | 436,644 | ||||||||||||
500,000 | American Municipal Power | 6.270 | 02/15/50 | 667,445 | ||||||||||||
1,165,000 | American Municipal Power | 8.084 | 02/15/50 | 1,965,786 | ||||||||||||
750,000 | American University | 3.672 | 04/01/49 | 808,088 | ||||||||||||
750,000 | Bay Area Toll Authority | 2.574 | 04/01/31 | 762,450 | ||||||||||||
1,000,000 | Bay Area Toll Authority | 6.918 | 04/01/40 | 1,474,090 | ||||||||||||
2,000,000 | Bay Area Toll Authority | 6.263 | 04/01/49 | 3,051,560 | ||||||||||||
200,000 | California Institute of Technology | 4.321 | 08/01/45 | 237,932 | ||||||||||||
750,000 | California Institute of Technology | 3.650 | 09/01/19 | 777,732 | ||||||||||||
200,000 | California State University | 3.899 | 11/01/47 | 232,624 | ||||||||||||
750,000 | California State University | 2.975 | 11/01/51 | 746,902 | ||||||||||||
720,000 | Central Puget Sound Regional Transit Authority | 5.491 | 11/01/39 | 824,616 | ||||||||||||
460,000 | Chicago Metropolitan Water Reclamation District-Greater Chicago | 5.720 | 12/01/38 | 620,558 | ||||||||||||
2,250,000 | Chicago O’Hare International Airport | 6.395 | 01/01/40 | 3,150,360 | ||||||||||||
200,000 | Chicago O’Hare International Airport | 4.472 | 01/01/49 | 223,950 | ||||||||||||
200,000 | Chicago O’Hare International Airport | 4.572 | 01/01/54 | 226,094 | ||||||||||||
690,000 | City of Houston TX | 3.961 | 03/01/47 | 774,401 | ||||||||||||
310,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 3.303 | 11/01/39 | 289,695 | ||||||||||||
750,000 | City Public Service Board of San Antonio TX | 5.808 | 02/01/41 | 1,069,463 | ||||||||||||
150,000 | Colorado Bridge Enterprise | 6.078 | 12/01/40 | 209,635 | ||||||||||||
200,000 | Commonwealth Financing Authority | 4.014 | 06/01/33 | 227,548 | ||||||||||||
100,000 | Commonwealth Financing Authority | 3.864 | 06/01/38 | 110,381 | ||||||||||||
100,000 | Commonwealth Financing Authority | 4.144 | 06/01/38 | 113,443 | ||||||||||||
645,000 | Commonwealth Financing Authority | 3.807 | 06/01/41 | 729,837 | ||||||||||||
180,000 | Commonwealth of Massachusetts | 4.200 | 12/01/21 | 182,648 | ||||||||||||
500,000 | Commonwealth of Massachusetts | 5.731 | 06/01/40 | 670,115 | ||||||||||||
100,000 | Commonwealth of Massachusetts | 3.277 | 06/01/46 | 101,955 | ||||||||||||
750,000 | Commonwealth of Massachusetts | 2.900 | 09/01/49 | 704,250 | ||||||||||||
195,000 | Commonwealth of Pennsylvania | 5.850 | 07/15/30 | 197,188 | ||||||||||||
130,000 | County of Broward FL Airport System Revenue | 3.477 | 10/01/43 | 126,217 |
127 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 200,000 | County of Clark NV | 6.820 | % | 07/01/45 | $ | 265,412 | |||||||||
135,000 | County of Miami-Dade FL Aviation Revenue | 4.280 | 10/01/41 | 144,114 | ||||||||||||
200,000 | County of Miami-Dade FL Water & Sewer System Revenue | 3.490 | 10/01/42 | 202,510 | ||||||||||||
750,000 | Dallas Area Rapid Transit | 5.022 | 12/01/48 | 1,001,182 | ||||||||||||
250,000 | Dallas/Fort Worth International Airport | 2.994 | 11/01/38 | 236,387 | ||||||||||||
100,000 | Dallas/Fort Worth International Airport | 3.144 | 11/01/45 | 93,218 | ||||||||||||
350,000 | Denver City & County School District No | 4.242 | 12/15/37 | 381,458 | ||||||||||||
200,000 | District of Columbia | 5.591 | 12/01/34 | 248,852 | ||||||||||||
470,000 | District of Columbia Water & Sewer Authority | 3.207 | 10/01/48 | 477,764 | ||||||||||||
445,000 | District of Columbia Water & Sewer Authority | 4.814 | 10/01/14 | 576,230 | ||||||||||||
115,000 | Duke University | 3.299 | 10/01/46 | 119,399 | ||||||||||||
10,000 | Energy Northwest | 2.814 | 07/01/24 | 10,295 | ||||||||||||
500,000 | Florida Hurricane Catastrophe Fund Finance Corp | 2.995 | 07/01/20 | 499,535 | ||||||||||||
1,200,000 | Florida State Board of Administration Finance Corp | 2.638 | 07/01/21 | 1,201,092 | ||||||||||||
360,000 | Foothill-Eastern Transportation Corridor Agency | 4.094 | 01/15/49 | 364,561 | ||||||||||||
300,000 | Foothill-Eastern Transportation Corridor Agency | 3.924 | 01/15/53 | 307,062 | ||||||||||||
300,000 | George Washington University | 4.300 | 09/15/44 | 330,909 | ||||||||||||
200,000 | George Washington University | 4.868 | 09/15/45 | 249,436 | ||||||||||||
375,000 | George Washington University | 4.126 | 09/15/48 | 373,446 | ||||||||||||
100,000 | Georgetown University | 4.315 | 04/01/49 | 117,524 | ||||||||||||
300,000 | Georgetown University | 5.215 | 10/01/18 | 440,301 | ||||||||||||
970,000 | Grand Parkway Transportation Corp | 3.236 | 10/01/52 | 941,977 | ||||||||||||
200,000 | Health & Educational Facilities Authority of the State of Missouri | 3.651 | 01/15/46 | 223,632 | ||||||||||||
200,000 | Health & Educational Facilities Authority of the State of Missouri | 3.086 | 09/15/51 | 198,030 | ||||||||||||
200,000 | Health & Educational Facilities Authority of the State of Missouri | 3.652 | 08/15/57 | 233,644 | ||||||||||||
500,000 | Illinois State Toll Highway Authority | 6.184 | 01/01/34 | 660,040 | ||||||||||||
770,000 | JobsOhio Beverage System | 2.833 | 01/01/38 | 750,342 | ||||||||||||
240,000 | Los Angeles Community College District | 6.750 | 08/01/49 | 390,295 | ||||||||||||
350,000 | Los Angeles Department of Water & Power Power System Revenue | 5.716 | 07/01/39 | 484,271 | ||||||||||||
1,500,000 | Los Angeles Department of Water & Power Power System Revenue | 6.574 | 07/01/45 | 2,304,885 | ||||||||||||
1,630,000 | Los Angeles Unified School District | 5.750 | 07/01/34 | 2,093,099 | ||||||||||||
100,000 | Massachusetts School Building Authority | 5.715 | 08/15/39 | 135,198 | ||||||||||||
500,000 | Massachusetts School Building Authority | 3.395 | 10/15/40 | 512,220 | ||||||||||||
100,000 | Metropolitan Government of Nashville & Davidson County Convention Center Authority | 6.731 | 07/01/43 | 144,787 | ||||||||||||
200,000 | Metropolitan Government of Nashville & Davidson County Health & Educational Facilities | 4.053 | 07/01/26 | 224,404 | ||||||||||||
940,000 | Metropolitan Transportation Authority | 6.648 | 11/15/39 | 1,213,211 | ||||||||||||
1,150,000 | Metropolitan Transportation Authority | 7.336 | 11/15/39 | 1,645,409 | ||||||||||||
350,000 | Michigan Finance Authority | 3.384 | 12/01/40 | 364,882 | ||||||||||||
235,000 | Michigan State University | 4.496 | 08/15/48 | 262,479 | ||||||||||||
500,000 | Missouri Highway & Transportation Commission | 5.445 | 05/01/33 | 639,540 | ||||||||||||
249,000 | Municipal Electric Authority of Georgia | 6.637 | 04/01/57 | 326,001 | ||||||||||||
496,000 | Municipal Electric Authority of Georgia | 6.655 | 04/01/57 | 662,264 | ||||||||||||
947,000 | New Jersey Economic Development Authority | 7.425 | 02/15/29 | 1,129,762 | ||||||||||||
1,335,000 | New Jersey State Turnpike Authority | 7.414 | 01/01/40 | 1,954,440 | ||||||||||||
1,000,000 | New Jersey State Turnpike Authority | 7.102 | 01/01/41 | 1,424,500 |
128 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 800,000 | New Jersey Transportation Trust Fund Authority | 5.754 | % | 12/15/28 | $ | 942,392 | |||||||||
360,000 | New Jersey Transportation Trust Fund Authority | 6.104 | 12/15/28 | 370,163 | ||||||||||||
500,000 | New Jersey Transportation Trust Fund Authority | 4.081 | 06/15/39 | 484,565 | ||||||||||||
195,000 | New Jersey Transportation Trust Fund Authority | 4.131 | 06/15/42 | 188,807 | ||||||||||||
2,385,000 | New York City Municipal Water Finance Authority | 5.440 | 06/15/43 | 3,362,874 | ||||||||||||
1,000,000 | New York City Transitional Finance Authority Future Tax Secured Revenue | 5.767 | 08/01/36 | 1,269,150 | ||||||||||||
660,000 | New York City Water & Sewer System | 5.790 | 06/15/41 | 664,594 | ||||||||||||
440,000 | New York City Water & Sewer System | 5.790 | 06/15/41 | 442,411 | ||||||||||||
600,000 | New York State Dormitory Authority | 5.289 | 03/15/33 | 701,970 | ||||||||||||
130,000 | New York State Dormitory Authority | 5.628 | 03/15/39 | 153,787 | ||||||||||||
545,000 | New York State Dormitory Authority | 5.600 | 03/15/40 | 660,311 | ||||||||||||
500,000 | New York State Dormitory Authority | 3.142 | 07/01/43 | 496,095 | ||||||||||||
200,000 | New York State Dormitory Authority | 4.946 | 08/01/48 | 212,992 | ||||||||||||
500,000 | New York State Thruway Authority | 2.900 | 01/01/35 | 493,975 | ||||||||||||
110,000 | New York State Thruway Authority | 3.500 | 01/01/42 | 111,187 | ||||||||||||
1,000,000 | New York State Urban Development Corp | 3.900 | 03/15/33 | 1,130,270 | ||||||||||||
400,000 | New York State Urban Development Corp | 5.838 | 03/15/40 | 515,788 | ||||||||||||
1,000,000 | North Texas Tollway Authority | 6.718 | 01/01/49 | 1,583,160 | ||||||||||||
675,000 | Ohio State Water Development Authority | 4.879 | 12/01/34 | 754,468 | ||||||||||||
605,000 | Ohio Turnpike & Infrastructure Commission | 3.216 | 02/15/48 | 608,164 | ||||||||||||
750,000 | Oregon School Boards Association | 4.759 | 06/30/28 | 797,873 | ||||||||||||
250,000 | Oregon School Boards Association | 5.680 | 06/30/28 | 289,633 | ||||||||||||
300,000 | Permanent University Fund-Texas A&M University System | 3.660 | 07/01/47 | 320,640 | ||||||||||||
200,000 | Permanent University Fund-University of Texas System | 3.376 | 07/01/47 | 202,272 | ||||||||||||
1,215,000 | Port Authority of New York & New Jersey | 6.040 | 12/01/29 | 1,608,198 | ||||||||||||
500,000 | Port Authority of New York & New Jersey | 5.647 | 11/01/40 | 672,340 | ||||||||||||
300,000 | Port Authority of New York & New Jersey | 4.823 | 06/01/45 | 330,525 | ||||||||||||
1,000,000 | Port Authority of New York & New Jersey | 5.310 | 08/01/46 | 1,060,160 | ||||||||||||
200,000 | Port Authority of New York & New Jersey | 4.031 | 09/01/48 | 210,020 | ||||||||||||
400,000 | Port Authority of New York & New Jersey | 4.229 | 10/15/57 | 449,856 | ||||||||||||
2,200,000 | Port Authority of New York & New Jersey | 4.810 | 10/15/65 | 2,626,888 | ||||||||||||
250,000 | Port Authority of New York & New Jersey | 3.287 | 08/01/69 | 231,973 | ||||||||||||
220,000 | Princeton University | 5.700 | 03/01/39 | 308,287 | ||||||||||||
750,000 | Regents of the University of California Medical Center Pooled Revenue | 3.006 | 05/15/50 | 681,945 | ||||||||||||
750,000 | Regents of the University of California Medical Center Pooled Revenue | 3.256 | 05/15/60 | 702,180 | ||||||||||||
750,000 | Regents of the University of California Medical Center Pooled Revenue | 3.706 | 05/15/20 | 772,380 | ||||||||||||
500,000 | Rutgers The State University of New Jersey | 3.270 | 05/01/43 | 500,345 | ||||||||||||
500,000 | Rutgers The State University of New Jersey | 3.915 | 05/01/19 | 597,090 | ||||||||||||
200,000 | Sales Tax Securitization Corp | 4.637 | 01/01/40 | 237,472 | ||||||||||||
200,000 | Sales Tax Securitization Corp | 3.587 | 01/01/43 | 205,744 | ||||||||||||
1,000,000 | Sales Tax Securitization Corp | 3.820 | 01/01/48 | 1,032,920 | ||||||||||||
200,000 | Sales Tax Securitization Corp | 4.787 | 01/01/48 | 245,166 | ||||||||||||
100,000 | Salt River Project Agricultural Improvement & Power District | 4.839 | 01/01/41 | 133,451 | ||||||||||||
435,000 | San Diego County Regional Transportation Commission | 3.248 | 04/01/48 | 426,387 | ||||||||||||
500,000 | San Diego County Water Authority | 6.138 | 05/01/49 | 689,805 | ||||||||||||
100,000 | San Jose Redevelopment Agency | 3.375 | 08/01/34 | 100,889 |
129 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 800,000 | Santa Clara Valley Transportation Authority | 5.876 | % | 04/01/32 | $ | 994,504 | |||||||||
270,000 | South Carolina Public Service Authority | 2.388 | 12/01/23 | 276,167 | ||||||||||||
300,000 | State of California | 2.800 | 04/01/21 | 304,302 | ||||||||||||
645,000 | State of California | 5.700 | 11/01/21 | 688,783 | ||||||||||||
200,000 | State of California | 3.375 | 04/01/25 | 215,656 | ||||||||||||
200,000 | State of California | 3.500 | 04/01/28 | 221,862 | ||||||||||||
300,000 | State of California | 4.500 | 04/01/33 | 345,270 | ||||||||||||
250,000 | State of California | 7.500 | 04/01/34 | 394,267 | ||||||||||||
225,000 | State of California | 4.600 | 04/01/38 | 247,741 | ||||||||||||
1,285,000 | State of California | 7.550 | 04/01/39 | 2,085,169 | ||||||||||||
3,400,000 | State of California | 7.300 | 10/01/39 | 5,224,270 | ||||||||||||
2,740,000 | State of California | 7.625 | 03/01/40 | 4,420,442 | ||||||||||||
1,500,000 | State of California | 7.600 | 11/01/40 | 2,496,180 | ||||||||||||
200,000 | State of California Department of Water Resources Power Supply Revenue | 2.000 | 05/01/22 | 203,042 | ||||||||||||
300,000 | State of Connecticut | 5.090 | 10/01/30 | 355,980 | ||||||||||||
620,000 | State of Connecticut | 5.850 | 03/15/32 | 761,093 | ||||||||||||
5,950,000 | State of Illinois | 5.100 | 06/01/33 | 5,906,149 | ||||||||||||
1,295,000 | State of Illinois | 6.725 | 04/01/35 | 1,399,817 | ||||||||||||
500,000 | State of Illinois | 5.650 | 12/01/38 | 523,075 | ||||||||||||
500,000 | State of Kansas Department of Transportation | 4.596 | 09/01/35 | 608,180 | ||||||||||||
202,856 | State of Oregon | 5.762 | 06/01/23 | 215,143 | ||||||||||||
85,000 | State of Oregon | 5.892 | 06/01/27 | 99,802 | ||||||||||||
100,000 | State of Oregon Department of Transportation | 5.834 | 11/15/34 | 137,409 | ||||||||||||
600,000 | State of Texas | 4.631 | 04/01/33 | 735,060 | ||||||||||||
50,000 | State of Texas | 5.517 | 04/01/39 | 68,692 | ||||||||||||
1,000,000 | State of Texas | 4.681 | 04/01/40 | 1,248,470 | ||||||||||||
500,000 | State of Utah | 3.539 | 07/01/25 | 525,085 | ||||||||||||
200,000 | State of Washington | 5.090 | 08/01/33 | 252,764 | ||||||||||||
200,000 | State of Wisconsin | 3.154 | 05/01/27 | 198,232 | ||||||||||||
200,000 | State of Wisconsin | 3.954 | 05/01/36 | 217,334 | ||||||||||||
604,000 | State Public School Building Authority | 5.000 | 09/15/27 | 700,719 | ||||||||||||
100,000 | Sumter Landing Community Development District | 4.172 | 10/01/47 | 112,414 | ||||||||||||
430,000 | Texas Private Activity Bond Surface Transportation Corp | 3.922 | 12/31/49 | 424,978 | ||||||||||||
575,000 | Texas Transportation Commission State Highway Fund | 5.028 | 04/01/26 | 647,007 | ||||||||||||
1,190,000 | Texas Transportation Commission State Highway Fund | 5.178 | 04/01/30 | 1,432,486 | ||||||||||||
100,000 | The Ohio State University | 4.910 | 06/01/40 | 119,077 | ||||||||||||
500,000 | The Ohio State University | 3.798 | 12/01/46 | 509,015 | ||||||||||||
200,000 | The Ohio State University | 4.048 | 12/01/56 | 209,540 | ||||||||||||
100,000 | Trustees of the University of Pennsylvania | 4.674 | 09/01/12 | 144,220 | ||||||||||||
200,000 | University of California | 3.063 | 07/01/25 | 214,384 | ||||||||||||
500,000 | University of California | 3.349 | 07/01/29 | 543,695 | ||||||||||||
200,000 | University of California | 5.770 | 05/15/43 | 270,882 | ||||||||||||
200,000 | University of California | 3.931 | 05/15/45 | 217,694 | ||||||||||||
200,000 | University of California | 4.131 | 05/15/45 | 222,018 | ||||||||||||
1,500,000 | University of California | 5.946 | 05/15/45 | 2,017,305 | ||||||||||||
860,000 | University of California | 4.858 | 05/15/12 | 1,112,685 | ||||||||||||
200,000 | University of California | 4.767 | 05/15/15 | 251,022 | ||||||||||||
500,000 | University of Chicago | 2.761 | 04/01/45 | 472,442 | ||||||||||||
300,000 | University of Chicago | 4.003 | 10/01/53 | 350,134 |
130 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 500,000 | University of Nebraska Facilities Corp | 3.037 | % | 10/01/49 | $ | 465,780 | |||||||||
200,000 | University of Notre Dame du Lac | 3.438 | 02/15/45 | 211,422 | ||||||||||||
200,000 | University of Notre Dame du Lac | 3.394 | 02/15/48 | 200,026 | ||||||||||||
300,000 | University of Southern California | 3.028 | 10/01/39 | 289,201 | ||||||||||||
200,000 | University of Southern California | 3.841 | 10/01/47 | 218,657 | ||||||||||||
500,000 | University of Southern California | 2.805 | 10/01/50 | 502,797 | ||||||||||||
200,000 | University of Southern California | 5.250 | 10/01/11 | 333,744 | ||||||||||||
1,000,000 | University of Southern California | 3.226 | 10/01/20 | 1,032,491 | ||||||||||||
200,000 | University of Texas System | 3.852 | 08/15/46 | 232,066 | ||||||||||||
700,000 | University of Texas System | 4.794 | 08/15/46 | 812,756 | ||||||||||||
500,000 | University of Virginia | 3.227 | 09/01/19 | 469,350 | ||||||||||||
150,000 | Virginia Commonwealth Transportation Board | 5.350 | 05/15/35 | 195,569 | ||||||||||||
200,000 | William Marsh Rice University | 3.574 | 05/15/45 | 211,800 | ||||||||||||
200,000 | William Marsh Rice University | 3.774 | 05/15/55 | 222,184 | ||||||||||||
TOTAL MUNICIPAL BONDS | 125,823,208 | |||||||||||||||
U.S. TREASURY SECURITIES - 38.9% | ||||||||||||||||
21,250,000 | United States Treasury Bond | 4.500 | 02/15/36 | 32,659,424 | ||||||||||||
22,400,000 | United States Treasury Bond | 5.000 | 05/15/37 | 36,795,500 | ||||||||||||
214,483,000 | United States Treasury Bond | 3.500 | 02/15/39 | 305,345,036 | ||||||||||||
2,000,000 | United States Treasury Bond | 4.500 | 08/15/39 | 3,202,656 | ||||||||||||
44,850,000 | United States Treasury Bond | 4.375 | 11/15/39 | 70,962,861 | ||||||||||||
17,585,000 | United States Treasury Bond | 3.875 | 08/15/40 | 26,385,743 | ||||||||||||
11,185,000 | United States Treasury Bond | 4.250 | 11/15/40 | 17,580,548 | ||||||||||||
26,350,000 | United States Treasury Bond | 4.375 | 05/15/41 | 42,266,018 | ||||||||||||
10,000,000 | United States Treasury Bond | 3.750 | 08/15/41 | 14,855,078 | ||||||||||||
104,300,000 | United States Treasury Bond | 3.125 | 11/15/41 | 142,430,614 | ||||||||||||
18,550,000 | United States Treasury Bond | 3.125 | 02/15/42 | 25,354,807 | ||||||||||||
22,000,000 | United States Treasury Bond | 3.000 | 05/15/42 | 29,534,141 | ||||||||||||
20,000,000 | United States Treasury Bond | 2.750 | 08/15/42 | 25,826,562 | ||||||||||||
10,250,000 | United States Treasury Bond | 2.875 | 05/15/43 | 13,506,777 | ||||||||||||
16,000,000 | United States Treasury Bond | 2.500 | 02/15/45 | 19,981,875 | ||||||||||||
22,000,000 | United States Treasury Bond | 3.000 | 05/15/45 | 29,925,156 | ||||||||||||
16,000,000 | United States Treasury Bond | 2.875 | 08/15/45 | 21,393,125 | ||||||||||||
27,000,000 | United States Treasury Bond | 2.500 | 05/15/46 | 33,966,211 | ||||||||||||
13,300,000 | United States Treasury Bond | 2.875 | 11/15/46 | 17,955,520 | ||||||||||||
28,000,000 | United States Treasury Bond | 3.000 | 02/15/47 | 38,704,531 | ||||||||||||
30,000,000 | United States Treasury Bond | 2.750 | 08/15/47 | 39,655,078 | ||||||||||||
45,000,000 | United States Treasury Bond | 2.750 | 11/15/47 | 59,563,476 | ||||||||||||
38,500,000 | United States Treasury Bond | 3.000 | 02/15/48 | 53,293,926 | ||||||||||||
48,500,000 | United States Treasury Bond | 3.125 | 05/15/48 | 68,767,695 | ||||||||||||
35,500,000 | United States Treasury Bond | 3.000 | 08/15/48 | 49,358,867 | ||||||||||||
35,000,000 | United States Treasury Bond | 3.375 | 11/15/48 | 51,964,063 | ||||||||||||
132,500,000 | United States Treasury Bond | 3.000 | 02/15/49 | 184,770,215 | ||||||||||||
10,500,000 | United States Treasury Bond | 2.875 | 05/15/49 | 14,338,652 | ||||||||||||
7,500,000 | United States Treasury Bond | 2.250 | 08/15/49 | 9,124,805 | ||||||||||||
46,000,000 | United States Treasury Bond | 2.375 | 11/15/49 | 57,413,750 | ||||||||||||
150,000 | United States Treasury Note | 2.375 | 04/15/21 | 153,480 | ||||||||||||
600,000 | United States Treasury Note | 2.250 | 04/30/21 | 613,734 | ||||||||||||
13,000,000 | United States Treasury Note | 2.625 | 05/15/21 | 13,362,578 | ||||||||||||
90,025,000 | United States Treasury Note | 1.375 | 05/31/21 | 91,340,209 | ||||||||||||
14,000,000 | United States Treasury Note | 2.125 | 05/31/21 | 14,323,750 | ||||||||||||
25,000,000 | United States Treasury Note | 1.125 | 06/30/21 | 25,310,547 | ||||||||||||
78,000,000 | United States Treasury Note | 1.625 | 06/30/21 | 79,438,125 |
131 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 39,000,000 | United States Treasury Note | 1.125 | % | 07/31/21 | $ | 39,492,070 | |||||||||
27,610,000 | United States Treasury Note | 2.125 | 08/15/21 | 28,341,234 | ||||||||||||
25,000,000 | United States Treasury Note | 1.125 | 08/31/21 | 25,326,172 | ||||||||||||
43,000,000 | United States Treasury Note | 2.750 | 09/15/21 | 44,573,867 | ||||||||||||
10,000,000 | United States Treasury Note | 1.500 | 10/31/21 | 10,201,953 | ||||||||||||
20,000,000 | United States Treasury Note | 2.875 | 11/15/21 | 20,860,938 | ||||||||||||
13,379,100 | United States Treasury Note | 8.000 | 11/15/21 | 15,069,779 | ||||||||||||
32,000,000 | United States Treasury Note | 1.750 | 11/30/21 | 32,816,250 | ||||||||||||
26,700,000 | United States Treasury Note | 2.000 | 12/31/21 | 27,523,945 | ||||||||||||
24,300,000 | United States Treasury Note | 1.875 | 01/31/22 | 25,031,848 | ||||||||||||
60,000,000 | United States Treasury Note | 1.875 | 02/28/22 | 61,889,063 | ||||||||||||
10,000,000 | United States Treasury Note | 2.375 | 03/15/22 | 10,419,531 | ||||||||||||
100,000,000 | United States Treasury Note | 0.375 | 03/31/22 | 100,265,625 | ||||||||||||
51,000,000 | United States Treasury Note | 1.875 | 03/31/22 | 52,673,438 | ||||||||||||
35,000,000 | United States Treasury Note | 2.250 | 04/15/22 | 36,431,445 | ||||||||||||
92,000,000 | United States Treasury Note | 1.875 | 04/30/22 | 95,122,969 | ||||||||||||
25,000,000 | United States Treasury Note | 2.125 | 05/15/22 | 25,997,070 | ||||||||||||
33,000,000 | United States Treasury Note | 1.750 | 05/31/22 | 34,069,922 | ||||||||||||
30,000,000 | United States Treasury Note | 1.750 | 06/30/22 | 31,027,734 | ||||||||||||
63,000,000 | United States Treasury Note | 1.875 | 07/31/22 | 65,345,273 | ||||||||||||
55,000,000 | United States Treasury Note | 1.625 | 08/31/22 | 56,806,836 | ||||||||||||
35,000,000 | United States Treasury Note | 1.875 | 09/30/22 | 36,417,773 | ||||||||||||
5,000,000 | United States Treasury Note | 1.375 | 10/15/22 | 5,140,820 | ||||||||||||
65,000,000 | United States Treasury Note | 2.000 | 10/31/22 | 67,904,688 | ||||||||||||
31,750,000 | United States Treasury Note | 1.625 | 11/15/22 | 32,873,652 | ||||||||||||
108,000,000 | United States Treasury Note | 2.000 | 11/30/22 | 112,935,937 | ||||||||||||
15,000,000 | United States Treasury Note | 1.625 | 12/15/22 | 15,551,367 | ||||||||||||
60,000,000 | United States Treasury Note | 2.625 | 02/28/23 | 64,082,813 | ||||||||||||
80,000,000 | United States Treasury Note | 2.500 | 03/31/23 | 85,287,500 | ||||||||||||
30,000,000 | United States Treasury Note | 2.750 | 04/30/23 | 32,268,750 | ||||||||||||
80,000,000 | United States Treasury Note | 2.750 | 05/31/23 | 86,193,750 | ||||||||||||
91,500,000 | United States Treasury Note | 2.625 | 06/30/23 | 98,380,371 | ||||||||||||
80,000,000 | United States Treasury Note | 2.750 | 07/31/23 | 86,493,750 | ||||||||||||
116,000,000 | United States Treasury Note | 2.750 | 08/31/23 | 125,588,125 | ||||||||||||
35,000,000 | United States Treasury Note | 2.875 | 09/30/23 | 38,137,695 | ||||||||||||
13,000,000 | United States Treasury Note | 2.750 | 11/15/23 | 14,134,453 | ||||||||||||
10,000,000 | United States Treasury Note | 2.125 | 11/30/23 | 10,656,641 | ||||||||||||
65,000,000 | United States Treasury Note | 2.875 | 11/30/23 | 71,075,976 | ||||||||||||
10,000,000 | United States Treasury Note | 2.250 | 12/31/23 | 10,717,969 | ||||||||||||
55,000,000 | United States Treasury Note | 2.625 | 12/31/23 | 59,739,453 | ||||||||||||
129,300,000 | United States Treasury Note | 2.500 | 01/31/24 | 140,002,606 | ||||||||||||
70,000,000 | United States Treasury Note | 2.375 | 02/29/24 | 75,624,609 | ||||||||||||
325,000,000 | United States Treasury Note | 2.125 | 03/31/24 | 348,080,077 | ||||||||||||
174,000,000 | United States Treasury Note | 2.250 | 04/30/24 | 187,457,813 | ||||||||||||
111,500,000 | United States Treasury Note | 2.000 | 05/31/24 | 119,130,781 | ||||||||||||
152,000,000 | United States Treasury Note | 1.750 | 06/30/24 | 160,977,500 | ||||||||||||
212,000,000 | United States Treasury Note | 1.750 | 07/31/24 | 224,662,031 | ||||||||||||
22,000,000 | United States Treasury Note | 1.250 | 08/31/24 | 22,871,406 | ||||||||||||
81,000,000 | United States Treasury Note | 1.500 | 09/30/24 | 85,119,610 | ||||||||||||
90,500,000 | United States Treasury Note | 1.500 | 10/31/24 | 95,184,082 | ||||||||||||
40,005,000 | United States Treasury Note | 2.250 | 11/15/24 | 43,446,055 | ||||||||||||
61,900,000 | United States Treasury Note | 1.500 | 11/30/24 | 65,190,855 | ||||||||||||
75,000,000 | United States Treasury Note | 1.750 | 12/31/24 | 79,866,211 |
132 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 40,000,000 | United States Treasury Note | 2.250 | % | 12/31/24 | $ | 43,518,750 | |||||||||
13,000,000 | United States Treasury Note | 1.375 | 01/31/25 | 13,620,547 | ||||||||||||
40,000,000 | United States Treasury Note | 1.250 | 02/28/25 | 41,485,938 | ||||||||||||
75,000,000 | United States Treasury Note | 0.500 | 03/31/25 | 75,474,609 | ||||||||||||
8,000,000 | United States Treasury Note | 2.625 | 03/31/25 | 8,881,875 | ||||||||||||
20,000,000 | United States Treasury Note | 2.750 | 08/31/25 | 22,465,625 | ||||||||||||
30,000,000 | United States Treasury Note | 3.000 | 09/30/25 | 34,136,719 | ||||||||||||
30,000,000 | United States Treasury Note | 2.250 | 11/15/25 | 32,953,125 | ||||||||||||
50,000,000 | United States Treasury Note | 2.250 | 03/31/26 | 55,191,406 | ||||||||||||
30,000,000 | United States Treasury Note | 1.625 | 05/15/26 | 32,017,969 | ||||||||||||
71,000,000 | United States Treasury Note | 1.625 | 09/30/26 | 75,997,734 | ||||||||||||
10,000,000 | United States Treasury Note | 1.625 | 10/31/26 | 10,705,859 | ||||||||||||
89,500,000 | United States Treasury Note | 1.750 | 12/31/26 | 96,687,969 | ||||||||||||
46,000,000 | United States Treasury Note | 2.250 | 08/15/27 | 51,635,000 | ||||||||||||
47,000,000 | United States Treasury Note | 2.750 | 02/15/28 | 54,815,586 | ||||||||||||
66,000,000 | United States Treasury Note | 2.875 | 05/15/28 | 77,849,063 | ||||||||||||
85,000,000 | United States Treasury Note | 3.125 | 11/15/28 | 102,650,781 | ||||||||||||
50,000,000 | United States Treasury Note | 2.625 | 02/15/29 | 58,464,844 | ||||||||||||
92,000,000 | United States Treasury Note | 2.375 | 05/15/29 | 105,871,875 | ||||||||||||
22,000,000 | United States Treasury Note | 1.625 | 08/15/29 | 23,888,047 | ||||||||||||
103,000,000 | United States Treasury Note | 1.500 | 02/15/30 | 111,038,829 | ||||||||||||
5,000,000 | United States Treasury Note | 2.000 | 02/15/50 | 5,807,227 | ||||||||||||
TOTAL U.S. TREASURY SECURITIES | 6,437,066,591 | |||||||||||||||
TOTAL GOVERNMENT BONDS | 11,802,089,100 | |||||||||||||||
(Cost $10,910,178,977) | ||||||||||||||||
STRUCTURED ASSETS - 2.7% | ||||||||||||||||
ASSET BACKED - 0.8% | ||||||||||||||||
188,726 | American Airlines Pass Through Trust | 4.950 | 01/15/23 | 191,784 | ||||||||||||
Series - 2013 2 (Class A) | ||||||||||||||||
281,703 | American Airlines Pass Through Trust | 4.000 | 07/15/25 | 280,962 | ||||||||||||
Series - 2013 1 (Class A) | ||||||||||||||||
217,959 | American Airlines Pass Through Trust | 3.700 | 10/01/26 | 210,005 | ||||||||||||
Series - 2014 1 (Class A) | ||||||||||||||||
233,254 | American Airlines Pass Through Trust | 3.375 | 05/01/27 | 216,313 | ||||||||||||
Series - 2015 1 (Class A) | ||||||||||||||||
162,109 | American Airlines Pass Through Trust | 3.600 | 09/22/27 | 152,469 | ||||||||||||
Series - 2015 2 (Class AA) | ||||||||||||||||
166,624 | American Airlines Pass Through Trust | 3.575 | 01/15/28 | 158,073 | ||||||||||||
Series - 2016 1 (Class AA) | ||||||||||||||||
491,338 | American Airlines Pass Through Trust | 3.200 | 06/15/28 | 534,086 | ||||||||||||
Series - 2016 2 (Class AA) | ||||||||||||||||
255,750 | American Airlines Pass Through Trust | 3.650 | 02/15/29 | 243,415 | ||||||||||||
Series - 2017 1 (Class AA) | ||||||||||||||||
1,476,905 | American Airlines Pass Through Trust | 3.150 | 02/15/32 | 1,329,759 | ||||||||||||
Series - 2019 1 (Class ) | ||||||||||||||||
1,000,000 | American Express Credit Account Master Trust | 2.990 | 12/15/23 | 1,016,220 | ||||||||||||
Series - 2018 4 (Class A) | ||||||||||||||||
2,000,000 | American Express Credit Account Master Trust | 2.870 | 10/15/24 | 2,060,618 | ||||||||||||
Series - 2019 1 (Class A) | ||||||||||||||||
4,250,000 | American Express Credit Account Master Trust | 2.670 | 11/15/24 | 4,367,662 | ||||||||||||
Series - 2019 2 (Class A) |
133 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 192,590 | AmeriCredit Automobile Receivables Trust | 1.830 | % | 12/08/21 | $ | 192,502 | |||||||||
Series - 2016 4 (Class B) | ||||||||||||||||
1,325,000 | AmeriCredit Automobile Receivables Trust | 2.600 | 09/18/23 | 1,301,230 | ||||||||||||
Series - 2017 4 (Class C) | ||||||||||||||||
1,000,000 | AmeriCredit Automobile Receivables Trust | 2.970 | 11/20/23 | 1,005,587 | ||||||||||||
Series - 2019 1 (Class A3) | ||||||||||||||||
1,000,000 | AmeriCredit Automobile Receivables Trust | 1.110 | 08/19/24 | 977,111 | ||||||||||||
Series - 2020 1 (Class A3) | ||||||||||||||||
500,000 | AmeriCredit Automobile Receivables Trust | 1.480 | 01/21/25 | 471,732 | ||||||||||||
Series - 2020 1 (Class B) | ||||||||||||||||
1,500,000 | BMW Vehicle Lease Trust | 3.360 | 03/21/22 | 1,501,108 | ||||||||||||
Series - 2018 1 (Class A4) | ||||||||||||||||
15,000,000 | Cantor Commercial Real Estate Lending | 3.523 | 05/15/52 | 16,176,225 | ||||||||||||
Series - 2019 CF1 (Class A4) | ||||||||||||||||
6,000,000 | Cantor Commercial Real Estate Lending | 3.623 | 05/15/52 | 6,311,980 | ||||||||||||
Series - 2019 CF1 (Class A2) | ||||||||||||||||
2,000,000 | Cantor Commercial Real Estate Lending | 3.660 | 05/15/52 | 2,150,056 | ||||||||||||
Series - 2019 CF1 (Class ASB) | ||||||||||||||||
1,200,000 | Capital One Multi-Asset Execution Trust | 2.080 | 03/15/23 | 1,199,211 | ||||||||||||
Series - 2015 A2 (Class A2) | ||||||||||||||||
1,500,000 | Capital One Multi-Asset Execution Trust | 1.990 | 07/17/23 | 1,500,900 | ||||||||||||
Series - 2017 A4 (Class A4) | ||||||||||||||||
4,000,000 | Capital One Multi-Asset Execution Trust | 2.840 | 12/15/24 | 4,113,044 | ||||||||||||
Series - 2019 A1 (Class A1) | ||||||||||||||||
2,500,000 | Capital One Multi-Asset Execution Trust | 2.060 | 08/15/28 | 2,499,049 | ||||||||||||
Series - 2019 A3 (Class A3) | ||||||||||||||||
1,700,000 | Capital One Prime Auto Receivables Trust | 2.510 | 11/15/23 | 1,718,374 | ||||||||||||
Series - 2019 1 (Class A3) | ||||||||||||||||
2,000,000 | CarMax Auto Owner Trust | 2.220 | 11/15/22 | 1,996,815 | ||||||||||||
Series - 2017 3 (Class A4) | ||||||||||||||||
844,498 | CarMax Auto Owner Trust | 2.480 | 11/15/22 | 842,505 | ||||||||||||
Series - 2018 1 (Class A3) | ||||||||||||||||
575,000 | CarMax Auto Owner Trust | 2.410 | 12/15/22 | 572,956 | ||||||||||||
Series - 2017 2 (Class B) | ||||||||||||||||
1,000,000 | CarMax Auto Owner Trust | 2.770 | 12/16/24 | 1,004,505 | ||||||||||||
Series - 2019 2 (Class A4) | ||||||||||||||||
105,206 | CenterPoint Energy Transition Bond Co II LLC | 2.161 | 10/15/21 | 105,131 | ||||||||||||
Series - 2012 1 (Class A2) | ||||||||||||||||
1,600,000 | Chase Issuance Trust | 1.840 | 04/15/22 | 1,598,719 | ||||||||||||
Series - 2015 A4 (Class A4) | ||||||||||||||||
1,500,000 | Chase Issuance Trust | 2.770 | 03/15/23 | 1,515,591 | ||||||||||||
Series - 2014 A2 (Class A2) | ||||||||||||||||
1,000,000 | Chase Issuance Trust | 2.160 | 09/15/24 | 1,020,752 | ||||||||||||
Series - 2012 A7 (Class A7) | ||||||||||||||||
1,000,000 | CitiBank Credit Card Issuance Trust | 1.920 | 04/07/22 | 999,900 | ||||||||||||
Series - 2017 A3 (Class A3) | ||||||||||||||||
2,000,000 | CitiBank Credit Card Issuance Trust | 1.860 | 08/08/22 | 1,998,195 | ||||||||||||
Series - 2017 A8 (Class A8) | ||||||||||||||||
2,000,000 | CitiBank Credit Card Issuance Trust | 2.880 | 01/23/23 | 2,017,394 | ||||||||||||
Series - 2014 A1 (Class A1) | ||||||||||||||||
1,250,000 | CitiBank Credit Card Issuance Trust | 2.190 | 11/20/23 | 1,270,072 | ||||||||||||
Series - 2016 A2 (Class A2) | ||||||||||||||||
3,500,000 | Discover Card Execution Note Trust | 1.880 | 02/15/23 | 3,495,917 | ||||||||||||
Series - 2017 A6 (Class A6) |
134 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,000,000 | FHLMC Multifamily Structured Pass Through Certificates | 2.307 | % | 08/25/22 | $ | 3,066,394 | |||||||||
Series - 2012 K023 (Class A2) | ||||||||||||||||
173,344 | FHLMC Multifamily Structured Pass Through Certificates | 2.779 | 09/25/22 | 176,973 | ||||||||||||
Series - 2013 K030 (Class A1) | ||||||||||||||||
500,000 | FHLMC Multifamily Structured Pass Through Certificates | 2.510 | 11/25/22 | 514,513 | ||||||||||||
Series - 2013 K026 (Class A2) | ||||||||||||||||
500,000 | FHLMC Multifamily Structured Pass Through Certificates | 2.637 | 01/25/23 | 516,886 | ||||||||||||
Series - 2013 K027 (Class A2) | ||||||||||||||||
42,119 | FHLMC Multifamily Structured Pass Through Certificates | 2.669 | 02/25/23 | 43,151 | ||||||||||||
Series - 2013 K034 (Class A1) | ||||||||||||||||
3,000,000 | i | FHLMC Multifamily Structured Pass Through Certificates | 3.060 | 07/25/23 | 3,170,184 | |||||||||||
Series - 2013 K033 (Class A2) | ||||||||||||||||
1,750,000 | i | FHLMC Multifamily Structured Pass Through Certificates | 3.531 | 07/25/23 | 1,875,405 | |||||||||||
Series - 2013 K034 (Class A2) | ||||||||||||||||
1,500,000 | i | FHLMC Multifamily Structured Pass Through Certificates | 3.527 | 10/25/23 | 1,613,108 | |||||||||||
Series - 2014 K036 (Class A2) | ||||||||||||||||
3,000,000 | FHLMC Multifamily Structured Pass Through Certificates | 3.023 | 01/25/25 | 3,229,027 | ||||||||||||
Series - 2015 K045 (Class A2) | ||||||||||||||||
975,000 | Ford Credit Auto Owner Trust | 2.240 | 06/15/22 | 971,559 | ||||||||||||
Series - 2017 A (Class B) | ||||||||||||||||
3,000,000 | Ford Credit Auto Owner Trust | 2.230 | 10/15/23 | 3,026,830 | ||||||||||||
Series - 2019 B (Class A3) | ||||||||||||||||
2,350,000 | Ford Credit Floorplan Master Owner Trust | 2.230 | 09/15/24 | 2,255,845 | ||||||||||||
Series - 2019 3 (Class A1) | ||||||||||||||||
850,000 | Ford Credit Floorplan Master Owner Trust | 2.440 | 09/15/26 | 850,137 | ||||||||||||
Series - 2019 4 (Class A) | ||||||||||||||||
1,400,000 | GM Financial Automobile Leasing Trust | 3.300 | 07/20/22 | 1,406,452 | ||||||||||||
Series - 2018 3 (Class A4) | ||||||||||||||||
1,000,000 | GM Financial Consumer Automobile Receivables Trust | 2.710 | 08/16/24 | 1,006,487 | ||||||||||||
Series - 2019 2 (Class A4) | ||||||||||||||||
2,000,000 | Honda Auto Receivables Owner Trust | 2.520 | 06/21/23 | 2,021,785 | ||||||||||||
Series - 2019 2 (Class A3) | ||||||||||||||||
2,068,000 | Honda Auto Receivables Owner Trust | 3.160 | 08/19/24 | 2,126,433 | ||||||||||||
Series - 2018 2 (Class A4) | ||||||||||||||||
629,136 | Hyundai Auto Receivables Trust | 1.770 | 01/18/22 | 627,816 | ||||||||||||
Series - 2017 B (Class A3) | ||||||||||||||||
1,500,000 | Hyundai Auto Receivables Trust | 1.960 | 02/15/23 | 1,507,369 | ||||||||||||
Series - 2017 B (Class A4) | ||||||||||||||||
2,000,000 | Hyundai Auto Receivables Trust | 3.030 | 11/17/25 | 2,012,799 | ||||||||||||
Series - 2019 A (Class C) | ||||||||||||||||
2,000,000 | Nissan Auto Receivables Owner Trust | 2.900 | 10/16/23 | 2,040,608 | ||||||||||||
Series - 2019 A (Class A3) | ||||||||||||||||
2,000,000 | Nissan Auto Receivables Owner Trust | 2.500 | 11/15/23 | 2,028,551 | ||||||||||||
Series - 2019 B (Class A3) |
135 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 2,000,000 | Synchrony Card Funding LLC | 2.340 | % | 06/15/25 | $ | 1,973,984 | |||||||||
Series - 2019 A2 (Class A) | ||||||||||||||||
218,318 | United Airlines Pass Through Trust | 4.300 | 08/15/25 | 218,309 | ||||||||||||
Series - 2013 1 (Class A) | ||||||||||||||||
223,746 | United Airlines Pass Through Trust | 3.750 | 09/03/26 | 225,386 | ||||||||||||
Series - 2014 2 (Class A) | ||||||||||||||||
166,153 | United Airlines Pass Through Trust | 3.450 | 12/01/27 | 166,745 | ||||||||||||
Series - 2015 1 (Class AA) | ||||||||||||||||
173,617 | United Airlines Pass Through Trust | 3.100 | 07/07/28 | 161,083 | ||||||||||||
Series - 2016 1 (Class AA) | ||||||||||||||||
173,618 | United Airlines Pass Through Trust | 3.450 | 07/07/28 | 160,640 | ||||||||||||
Series - 2016 1 (Class A) | ||||||||||||||||
357,710 | United Airlines Pass Through Trust | 2.875 | 10/07/28 | 331,920 | ||||||||||||
Series - 2016 2 (Class A) | ||||||||||||||||
1,399,540 | United Airlines Pass Through Trust | 3.500 | 03/01/30 | 1,359,276 | ||||||||||||
Series - 2018 1 (Class AA) | ||||||||||||||||
355,532 | United Airlines Pass Through Trust | 4.150 | 08/25/31 | 368,618 | ||||||||||||
Series - 2019 1 (Class AA) | ||||||||||||||||
250,000 | United Airlines Pass Through Trust | 2.700 | 05/01/32 | 224,864 | ||||||||||||
Series - 2019 2 (Class ) | ||||||||||||||||
118,020 | US Airways Pass Through Trust | 4.625 | 06/03/25 | 116,813 | ||||||||||||
Series - 2012 2 (Class A) | ||||||||||||||||
195,708 | US Airways Pass Through Trust | 3.950 | 11/15/25 | 195,592 | ||||||||||||
Series - 2013 1 (Class A) | ||||||||||||||||
1,215,000 | World Financial Network Credit Card Master Trust | 2.550 | 06/17/24 | 1,219,664 | ||||||||||||
Series - 2015 B (Class A) | ||||||||||||||||
8,000,000 | World Financial Network Credit Card Master Trust | 3.070 | 12/16/24 | 7,977,899 | ||||||||||||
Series - 2018 A (Class A) | ||||||||||||||||
3,311,239 | World Omni Auto Receivables Trust | 2.500 | 04/17/23 | 3,317,075 | ||||||||||||
Series - 2018 A (Class A3) | ||||||||||||||||
1,000,000 | World Omni Auto Receivables Trust | 2.730 | 02/15/24 | 1,001,402 | ||||||||||||
Series - 2018 A (Class A4) | ||||||||||||||||
1,500,000 | World Omni Auto Receivables Trust | 3.330 | 04/15/24 | 1,538,149 | ||||||||||||
Series - 2018 D (Class A3) | ||||||||||||||||
2,000,000 | World Omni Auto Receivables Trust | 3.670 | 12/16/24 | 2,102,658 | ||||||||||||
Series - 2018 D (Class B) | ||||||||||||||||
TOTAL ASSET BACKED | 129,066,316 | |||||||||||||||
OTHER MORTGAGE BACKED – 1.9% | ||||||||||||||||
2,000,000 | BANK | 3.538 | 11/15/54 | 2,150,706 | ||||||||||||
Series - 2017 BNK9 (Class A4) | ||||||||||||||||
1,500,000 | BANK | 3.390 | 06/15/60 | 1,588,860 | ||||||||||||
Series - 2017 BNK5 (Class A5) | ||||||||||||||||
5,000,000 | BANK | 3.641 | 02/15/61 | 5,316,519 | ||||||||||||
Series - 2018 BN10 (Class ASB) | ||||||||||||||||
2,000,000 | i | BANK | 3.898 | 02/15/61 | 2,026,998 | |||||||||||
Series - 2018 BN10 (Class AS) | ||||||||||||||||
8,000,000 | BANK | 3.584 | 05/15/62 | 8,646,806 | ||||||||||||
Series - 2019 BN18 (Class A4) | ||||||||||||||||
3,000,000 | Barclays Commercial Mortgage Trust | 3.674 | 02/15/50 | 3,177,992 | ||||||||||||
Series - 2017 C1 (Class A4) | ||||||||||||||||
19,500,000 | Barclays Commercial Mortgage Trust | 2.690 | 02/15/53 | 20,042,946 | ||||||||||||
Series - 2020 C6 (Class A2) |
136 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,000,000 | BENCHMARK Mortgage Trust | 3.571 | % | 01/15/51 | $ | 3,098,192 | |||||||||
Series - 2018 B1 (Class A2) | ||||||||||||||||
1,000,000 | i | BENCHMARK Mortgage Trust | 3.878 | 01/15/51 | 1,042,730 | |||||||||||
Series - 2018 B1 (Class AM) | ||||||||||||||||
1,000,000 | BENCHMARK Mortgage Trust | 3.976 | 07/15/51 | 1,051,533 | ||||||||||||
Series - 2018 B4 (Class A2) | ||||||||||||||||
1,000,000 | i | BENCHMARK Mortgage Trust | 4.562 | 07/15/51 | 790,287 | |||||||||||
Series - 2018 B4 (Class C) | ||||||||||||||||
2,615,000 | BENCHMARK Mortgage Trust | 3.393 | 05/15/52 | 2,757,354 | ||||||||||||
Series - 2019 B11 (Class ASB) | ||||||||||||||||
5,850,000 | BENCHMARK Mortgage Trust | 3.542 | 05/15/52 | 6,291,936 | ||||||||||||
Series - 2019 B11 (Class A5) | ||||||||||||||||
1,000,000 | BENCHMARK Mortgage Trust | 2.944 | 02/15/53 | 964,878 | ||||||||||||
Series - 2020 B16 (Class AM) | ||||||||||||||||
1,500,000 | BENCHMARK Mortgage Trust | 3.176 | 02/15/53 | 1,284,272 | ||||||||||||
Series - 2020 B16 (Class B) | ||||||||||||||||
1,500,000 | i | BENCHMARK Mortgage Trust | 3.536 | 02/15/53 | 1,041,511 | |||||||||||
Series - 2020 B16 (Class C) | ||||||||||||||||
2,000,000 | i | BENCHMARK Mortgage Trust | 4.510 | 05/15/53 | 2,285,670 | |||||||||||
Series - 2018 B7 (Class A4) | ||||||||||||||||
5,000,000 | BENCHMARK Mortgage Trust | 2.914 | 12/15/72 | 5,130,358 | ||||||||||||
Series - 2019 B15 (Class A2) | ||||||||||||||||
1,000,000 | i | CD Commercial Mortgage Trust | 3.526 | 11/10/49 | 1,068,451 | |||||||||||
Series - 2016 CD2 (Class A4) | ||||||||||||||||
2,000,000 | CD Commercial Mortgage Trust | 3.631 | 02/10/50 | 2,138,706 | ||||||||||||
Series - 2017 CD3 (Class A4) | ||||||||||||||||
1,000,000 | CD Commercial Mortgage Trust | 3.025 | 08/15/50 | 1,020,436 | ||||||||||||
Series - 2017 CD5 (Class A2) | ||||||||||||||||
2,500,000 | CD Commercial Mortgage Trust | 3.431 | 08/15/50 | 2,681,384 | ||||||||||||
Series - 2017 CD5 (Class A4) | ||||||||||||||||
1,750,000 | CD Commercial Mortgage Trust | 4.279 | 08/15/51 | 1,971,570 | ||||||||||||
Series - 2018 CD7 (Class A4) | ||||||||||||||||
1,000,000 | i | CD Mortgage Trust | 3.684 | 08/15/50 | 1,000,413 | |||||||||||
Series - 2017 CD5 (Class AS) | ||||||||||||||||
1,053,000 | Citigroup Commercial Mortgage Trust | 3.422 | 04/10/46 | 1,049,858 | ||||||||||||
Series - 2013 GC11 (Class AS) | ||||||||||||||||
755,000 | Citigroup Commercial Mortgage Trust | 4.023 | 03/10/47 | 800,500 | ||||||||||||
Series - 2014 GC19 (Class A4) | ||||||||||||||||
440,887 | Citigroup Commercial Mortgage Trust | 3.622 | 07/10/47 | 463,594 | ||||||||||||
Series - 2014 GC23 (Class A4) | ||||||||||||||||
500,000 | Citigroup Commercial Mortgage Trust | 3.635 | 10/10/47 | 517,324 | ||||||||||||
Series - 2014 GC25 (Class A4) | ||||||||||||||||
1,000,000 | Citigroup Commercial Mortgage Trust | 3.137 | 02/10/48 | 1,014,405 | ||||||||||||
Series - 2015 GC27 (Class A5) | ||||||||||||||||
1,000,000 | Citigroup Commercial Mortgage Trust | 3.571 | 02/10/48 | 1,000,839 | ||||||||||||
Series - 2015 GC27 (Class AS) | ||||||||||||||||
1,000,000 | Citigroup Commercial Mortgage Trust | 3.616 | 02/10/49 | 1,062,555 | ||||||||||||
Series - 2016 GC36 (Class A5) | ||||||||||||||||
2,000,000 | Citigroup Commercial Mortgage Trust | 3.314 | 04/10/49 | 2,049,092 | ||||||||||||
Series - 2016 GC37 (Class A4) | ||||||||||||||||
500,000 | Citigroup Commercial Mortgage Trust | 3.576 | 04/10/49 | 499,507 | ||||||||||||
Series - 2016 GC37 (Class AS) | ||||||||||||||||
1,500,000 | Citigroup Commercial Mortgage Trust | 2.832 | 08/10/49 | 1,506,323 | ||||||||||||
Series - 2016 C2 (Class A4) |
137 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,000,000 | Citigroup Commercial Mortgage Trust | 3.465 | % | 09/15/50 | $ | 1,044,900 | |||||||||
Series - 2017 P8 (Class A4) | ||||||||||||||||
2,000,000 | Citigroup Commercial Mortgage Trust | 4.074 | 06/10/51 | 2,094,942 | ||||||||||||
Series - 2018 C5 (Class A2) | ||||||||||||||||
1,480,000 | Citigroup Commercial Mortgage Trust | 3.778 | 09/10/58 | 1,562,861 | ||||||||||||
Series - 2015 GC33 (Class A4) | ||||||||||||||||
580,000 | COMM Mortgage Trust | 4.063 | 12/10/44 | 587,176 | ||||||||||||
Series - 2012 LC4 (Class AM) | ||||||||||||||||
135,524 | COMM Mortgage Trust | 2.752 | 08/15/45 | 135,569 | ||||||||||||
Series - 2012 CR2 (Class ASB) | ||||||||||||||||
320,949 | COMM Mortgage Trust | 2.941 | 01/10/46 | 326,253 | ||||||||||||
Series - 2013 LC6 (Class A4) | ||||||||||||||||
320,069 | COMM Mortgage Trust | 3.213 | 03/10/46 | 327,855 | ||||||||||||
Series - 2013 CR7 (Class A4) | ||||||||||||||||
1,000,000 | COMM Mortgage Trust | 4.046 | 10/10/46 | 1,056,762 | ||||||||||||
Series - 2013 CR12 (Class A4) | ||||||||||||||||
295,009 | COMM Mortgage Trust | 2.928 | 02/10/47 | 294,558 | ||||||||||||
Series - 2014 CR15 (Class A2) | ||||||||||||||||
2,750,000 | COMM Mortgage Trust | 3.955 | 02/10/47 | 2,901,781 | ||||||||||||
Series - 2014 CR14 (Class A3) | ||||||||||||||||
500,000 | COMM Mortgage Trust | 3.961 | 03/10/47 | 521,012 | ||||||||||||
Series - 2014 UBS2 (Class A5) | ||||||||||||||||
1,000,000 | COMM Mortgage Trust | 4.051 | 04/10/47 | 1,058,207 | ||||||||||||
Series - 2014 CR16 (Class A4) | ||||||||||||||||
1,000,000 | COMM Mortgage Trust | 3.819 | 06/10/47 | 1,039,495 | ||||||||||||
Series - 2014 UBS3 (Class A4) | ||||||||||||||||
1,000,000 | COMM Mortgage Trust | 3.694 | 08/10/47 | 1,037,685 | ||||||||||||
Series - 2014 UBS4 (Class A5) | ||||||||||||||||
924,000 | COMM Mortgage Trust | 3.326 | 11/10/47 | 961,349 | ||||||||||||
Series - 2014 CR20 (Class A3) | ||||||||||||||||
1,000,000 | COMM Mortgage Trust | 3.590 | 11/10/47 | 1,051,943 | ||||||||||||
Series - 2014 CR20 (Class A4) | ||||||||||||||||
1,000,000 | i | COMM Mortgage Trust | 4.339 | 12/10/47 | 989,012 | |||||||||||
Series - 2014 CR21 (Class B) | ||||||||||||||||
3,150,000 | COMM Mortgage Trust | 3.183 | 02/10/48 | 3,272,434 | ||||||||||||
Series - 2015 LC19 (Class A4) | ||||||||||||||||
1,000,000 | i | COMM Mortgage Trust | 4.241 | 02/10/48 | 856,332 | |||||||||||
Series - 2015 LC19 (Class C) | ||||||||||||||||
1,700,000 | COMM Mortgage Trust | 3.708 | 07/10/48 | 1,807,018 | ||||||||||||
Series - 2015 LC21 (Class A4) | ||||||||||||||||
996,711 | COMM Mortgage Trust | 3.432 | 08/10/48 | 1,046,991 | ||||||||||||
Series - 2015 CR24 (Class A4) | ||||||||||||||||
1,000,000 | COMM Mortgage Trust | 3.759 | 08/10/48 | 1,055,496 | ||||||||||||
Series - 2015 CR25 (Class A4) | ||||||||||||||||
1,500,000 | COMM Mortgage Trust | 3.221 | 10/10/48 | 1,500,828 | ||||||||||||
Series - 2015 LC23 (Class A2) | ||||||||||||||||
1,500,000 | COMM Mortgage Trust | 3.774 | 10/10/48 | 1,606,152 | ||||||||||||
Series - 2015 LC23 (Class A4) | ||||||||||||||||
500,000 | COMM Mortgage Trust | 4.258 | 08/10/50 | 531,177 | ||||||||||||
Series - 2013 CR11 (Class A4) | ||||||||||||||||
5,000,000 | COMM Mortgage Trust | 2.827 | 08/15/57 | 5,104,878 | ||||||||||||
Series - 2019 GC44 (Class A2) |
138 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,000,000 | COMM Mortgage Trust | 3.263 | % | 08/15/57 | $ | 3,022,067 | |||||||||
Series - 2019 GC44 (Class AM) | ||||||||||||||||
650,000 | i | CSAIL Commercial Mortgage Trust | 4.925 | 01/15/49 | 557,177 | |||||||||||
Series - 2016 C6 (Class C) | ||||||||||||||||
119,004 | CSAIL Commercial Mortgage Trust | 2.608 | 11/15/49 | 118,797 | ||||||||||||
Series - 2016 C7 (Class A3) | ||||||||||||||||
2,000,000 | i | CSAIL Commercial Mortgage Trust | 4.224 | 08/15/51 | 2,159,532 | |||||||||||
Series - 2018 CX12 (Class A4) | ||||||||||||||||
10,000,000 | CSAIL Commercial Mortgage Trust | 4.053 | 03/15/52 | 10,808,950 | ||||||||||||
Series - 2019 C15 (Class A4) | ||||||||||||||||
2,000,000 | DBGS Mortgage Trust | 4.358 | 10/15/51 | 2,130,467 | ||||||||||||
Series - 2018 C1 (Class A2) | ||||||||||||||||
5,790,000 | DBGS Mortgage Trust | 4.466 | 10/15/51 | 6,564,247 | ||||||||||||
Series - 2018 C1 (Class A4) | ||||||||||||||||
2,000,000 | DBJPM | 2.691 | 05/10/49 | 2,004,113 | ||||||||||||
Series - 2016 C1 (Class A2) | ||||||||||||||||
3,500,000 | DBJPM | 3.276 | 05/10/49 | 3,684,252 | ||||||||||||
Series - 2016 C1 (Class A4) | ||||||||||||||||
1,000,000 | DBJPM | 3.539 | 05/10/49 | 1,005,742 | ||||||||||||
Series - 2016 C1 (Class AM) | ||||||||||||||||
1,590,000 | DBJPM | 3.328 | 06/10/50 | 1,694,435 | ||||||||||||
Series - 2017 C6 (Class A5) | ||||||||||||||||
126,508 | GS Mortgage Securities Corp II | 3.314 | 01/10/45 | 127,119 | ||||||||||||
Series - 2012 GC6 (Class AAB) | ||||||||||||||||
300,000 | GS Mortgage Securities Corp II | 2.943 | 02/10/46 | 304,781 | ||||||||||||
Series - 2013 GC10 (Class A5) | ||||||||||||||||
300,000 | GS Mortgage Securities Corp II | 3.279 | 02/10/46 | 298,009 | ||||||||||||
Series - 2013 GC10 (Class AS) | ||||||||||||||||
800,000 | GS Mortgage Securities Corp II | 3.382 | 05/10/50 | 821,154 | ||||||||||||
Series - 2015 GC30 (Class A4) | ||||||||||||||||
1,731,000 | GS Mortgage Securities Trust | 3.707 | 08/10/44 | 1,742,548 | ||||||||||||
Series - 2011 GC5 (Class A4) | ||||||||||||||||
498,119 | GS Mortgage Securities Trust | 3.482 | 01/10/45 | 504,717 | ||||||||||||
Series - 2012 GC6 (Class A3) | ||||||||||||||||
195,000 | GS Mortgage Securities Trust | 4.740 | 05/10/45 | 194,216 | ||||||||||||
Series - 2012 GCJ7 (Class B) | ||||||||||||||||
500,000 | GS Mortgage Securities Trust | 3.135 | 06/10/46 | 511,716 | ||||||||||||
Series - 2013 GC12 (Class A4) | ||||||||||||||||
392,254 | GS Mortgage Securities Trust | 3.813 | 11/10/46 | 404,584 | ||||||||||||
Series - 2013 GC16 (Class AAB) | ||||||||||||||||
1,000,000 | GS Mortgage Securities Trust | 4.074 | 01/10/47 | 1,055,365 | ||||||||||||
Series - 2014 GC18 (Class A4) | ||||||||||||||||
1,500,000 | GS Mortgage Securities Trust | 3.964 | 11/10/47 | 1,526,257 | ||||||||||||
Series - 2014 GC26 (Class AS) | ||||||||||||||||
1,900,000 | GS Mortgage Securities Trust | 3.136 | 02/10/48 | 1,940,437 | ||||||||||||
Series - 2015 GC28 (Class A4) | ||||||||||||||||
2,000,000 | GS Mortgage Securities Trust | 2.922 | 05/10/49 | 2,056,852 | ||||||||||||
Series - 2016 GS2 (Class AAB) | ||||||||||||||||
1,500,000 | GS Mortgage Securities Trust | 3.178 | 11/10/49 | 1,552,248 | ||||||||||||
Series - 2016 GS4 (Class A3) | ||||||||||||||||
1,350,000 | i | GS Mortgage Securities Trust | 3.799 | 11/10/49 | 1,071,951 | |||||||||||
Series - 2016 GS4 (Class C) | ||||||||||||||||
1,000,000 | GS Mortgage Securities Trust | 2.945 | 08/10/50 | 1,015,713 | ||||||||||||
Series - 2017 GS7 (Class A2) |
139 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,500,000 | GS Mortgage Securities Trust | 3.430 | % | 08/10/50 | $ | 1,549,183 | |||||||||
Series - 2017 GS7 (Class A4) | ||||||||||||||||
1,000,000 | GS Mortgage Securities Trust | 3.872 | 02/10/52 | 1,054,941 | ||||||||||||
Series - 2019 GC38 (Class A2) | ||||||||||||||||
2,500,000 | GS Mortgage Securities Trust | 3.968 | 02/10/52 | 2,698,762 | ||||||||||||
Series - 2019 GC38 (Class A4) | ||||||||||||||||
500,000 | i | GS Mortgage Securities Trust | 4.309 | 02/10/52 | 478,885 | |||||||||||
Series - 2019 GC38 (Class B) | ||||||||||||||||
2,500,000 | GS Mortgage Securities Trust | 2.898 | 02/13/53 | 2,567,383 | ||||||||||||
Series - 2020 GC45 (Class A2) | ||||||||||||||||
4,000,000 | GS Mortgage Securities Trust | 3.173 | 02/13/53 | 3,764,114 | ||||||||||||
Series - 2020 GC45 (Class AS) | ||||||||||||||||
2,000,000 | GS Mortgage Securities Trust | 3.405 | 02/13/53 | 1,740,364 | ||||||||||||
Series - 2020 GC45 (Class B) | ||||||||||||||||
300,000 | i | JP Morgan Chase Commercial Mortgage Securities Corp | 5.157 | 05/15/45 | 276,708 | |||||||||||
Series - 2012 C6 (Class D) | ||||||||||||||||
286,032 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.483 | 06/15/45 | 290,057 | ||||||||||||
Series - 2012 CBX (Class A4) | ||||||||||||||||
413,139 | i | JP Morgan Chase Commercial Mortgage Securities Corp | 3.994 | 01/15/46 | 433,964 | |||||||||||
Series - 2013 C13 (Class A4) | ||||||||||||||||
1,500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.960 | 04/15/46 | 1,528,490 | ||||||||||||
Series - 2013 LC11 (Class A5) | ||||||||||||||||
103,101 | JP Morgan Chase Commercial Mortgage Securities Corp | 4.171 | 08/15/46 | 104,970 | ||||||||||||
Series - 2011 C5 (Class A3) | ||||||||||||||||
500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 4.166 | 12/15/46 | 530,421 | ||||||||||||
Series - 2013 C16 (Class A4) | ||||||||||||||||
237,617 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.702 | 12/15/47 | 238,773 | ||||||||||||
Series - 2013 C10 (Class ASB) | ||||||||||||||||
238,547 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.840 | 12/15/47 | 241,301 | ||||||||||||
Series - 2012 LC9 (Class A5) | ||||||||||||||||
492,248 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.143 | 12/15/47 | 503,170 | ||||||||||||
Series - 2013 C10 (Class A5) | ||||||||||||||||
574,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.372 | 12/15/47 | 575,905 | ||||||||||||
Series - 2013 C10 (Class AS) | ||||||||||||||||
1,000,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.822 | 08/15/49 | 1,019,493 | ||||||||||||
Series - 2016 JP2 (Class A4) | ||||||||||||||||
1,400,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.109 | 07/15/50 | 1,429,611 | ||||||||||||
Series - 2017 JP6 (Class A3) | ||||||||||||||||
1,000,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.038 | 09/15/50 | 1,016,903 | ||||||||||||
Series - 2017 JP7 (Class A2) | ||||||||||||||||
2,500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.454 | 09/15/50 | 2,651,416 | ||||||||||||
Series - 2017 JP7 (Class A5) | ||||||||||||||||
2,150,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.219 | 06/13/52 | 2,239,267 | ||||||||||||
Series - 2019 COR5 (Class ASB) | ||||||||||||||||
2,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.801 | 09/15/47 | 2,116,764 | ||||||||||||
Series - 2014 C22 (Class A4) | ||||||||||||||||
1,875,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.118 | 05/15/48 | 1,811,199 | |||||||||||
Series - 2015 C29 (Class B) | ||||||||||||||||
2,700,000 | JPMBB Commercial Mortgage Securities Trust | 3.227 | 10/15/48 | 2,803,287 | ||||||||||||
Series - 2015 C28 (Class A4) |
140 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,100,000 | JPMBB Commercial Mortgage Securities Trust | 3.532 | % | 10/15/48 | $ | 1,107,086 | |||||||||
Series - 2015 C28 (Class AS) | ||||||||||||||||
2,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.770 | 12/15/48 | 2,136,867 | ||||||||||||
Series - 2015 C33 (Class A4) | ||||||||||||||||
1,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.576 | 03/15/49 | 1,059,566 | ||||||||||||
Series - 2016 C1 (Class A5) | ||||||||||||||||
500,000 | JPMBB Commercial Mortgage Securities Trust | 3.970 | 03/15/49 | 513,911 | ||||||||||||
Series - 2016 C1 (Class AS) | ||||||||||||||||
500,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.737 | 03/15/49 | 493,382 | |||||||||||
Series - 2016 C1 (Class B) | ||||||||||||||||
1,000,000 | i | JPMDB Commercial Mortgage Securities Trust | 3.990 | 06/15/49 | 944,245 | |||||||||||
Series - 2016 C2 (Class B) | ||||||||||||||||
5,922,824 | JPMDB Commercial Mortgage Securities Trust | 3.141 | 12/15/49 | 6,222,995 | ||||||||||||
Series - 2016 C4 (Class A3) | ||||||||||||||||
5,000,000 | JPMDB Commercial Mortgage Securities Trust | 2.946 | 11/13/52 | 5,132,733 | ||||||||||||
Series - 2019 COR6 (Class A2) | ||||||||||||||||
363,456 | Latam Airlines Pass Through Trust | 4.200 | 11/15/27 | 327,110 | ||||||||||||
Series - 2015-1 (Class ) | ||||||||||||||||
60,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 2.918 | 02/15/46 | 60,178 | ||||||||||||
Series - 2013 C7 (Class A4) | ||||||||||||||||
551,553 | Morgan Stanley Bank of America Merrill Lynch Trust | 2.834 | 05/15/46 | 552,432 | ||||||||||||
Series - 2013 C9 (Class A3) | ||||||||||||||||
1,250,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.102 | 05/15/46 | 1,260,990 | ||||||||||||
Series - 2013 C9 (Class A4) | ||||||||||||||||
500,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.456 | 05/15/46 | 498,717 | ||||||||||||
Series - 2013 C9 (Class AS) | ||||||||||||||||
240,000 | i | Morgan Stanley Bank of America Merrill Lynch Trust | 3.708 | 05/15/46 | 235,972 | |||||||||||
Series - 2013 C9 (Class B) | ||||||||||||||||
132,666 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.824 | 10/15/46 | 135,591 | ||||||||||||
Series - 2013 C12 (Class ASB) | ||||||||||||||||
239,714 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.669 | 02/15/47 | 240,684 | ||||||||||||
Series - 2014 C14 (Class A3) | ||||||||||||||||
1,047,871 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.654 | 04/15/47 | 1,081,004 | ||||||||||||
Series - 2014 C15 (Class ASB) | ||||||||||||||||
2,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.892 | 06/15/47 | 2,081,811 | ||||||||||||
Series - 2014 C16 (Class A5) | ||||||||||||||||
3,500,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.249 | 02/15/48 | 3,566,008 | ||||||||||||
Series - 2015 C20 (Class A4) | ||||||||||||||||
1,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.306 | 04/15/48 | 1,044,267 | ||||||||||||
Series - 2015 C22 (Class A4) | ||||||||||||||||
1,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.732 | 05/15/48 | 1,061,315 | ||||||||||||
Series - 2015 C24 (Class A4) | ||||||||||||||||
3,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.134 | 12/15/48 | 3,025,335 | ||||||||||||
Series - 2013 C8 (Class A4) | ||||||||||||||||
2,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.599 | 05/15/50 | 2,163,368 | ||||||||||||
Series - 2017 C33 (Class A5) | ||||||||||||||||
1,250,000 | Morgan Stanley Capital I Trust | 3.244 | 03/15/45 | 1,257,421 | ||||||||||||
Series - 2012 C4 (Class A4) |
141 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 535,000 | Morgan Stanley Capital I Trust | 3.594 | % | 03/15/49 | $ | 555,727 | |||||||||
Series - 2016 UBS9 (Class A4) | ||||||||||||||||
1,000,000 | Morgan Stanley Capital I Trust | 3.997 | 07/15/51 | 1,051,582 | ||||||||||||
Series - 2018 H3 (Class A2) | ||||||||||||||||
1,000,000 | i | Morgan Stanley Capital I Trust | 4.850 | 07/15/51 | 810,144 | |||||||||||
Series - 2018 H3 (Class C) | ||||||||||||||||
1,500,000 | i | Morgan Stanley Capital I Trust | 4.238 | 10/15/51 | 1,653,308 | |||||||||||
Series - 2018 L1 (Class ASB) | ||||||||||||||||
2,000,000 | Morgan Stanley Capital I Trust | 4.288 | 10/15/51 | 2,135,379 | ||||||||||||
Series - 2018 L1 (Class A2) | ||||||||||||||||
1,500,000 | i | Morgan Stanley Capital I Trust | 4.407 | 10/15/51 | 1,712,023 | |||||||||||
Series - 2018 L1 (Class A4) | ||||||||||||||||
1,000,000 | Morgan Stanley Capital I Trust | 4.071 | 03/15/52 | 1,120,335 | ||||||||||||
Series - 2019 L2 (Class A4) | ||||||||||||||||
5,000,000 | Morgan Stanley Capital I Trust | 3.224 | 06/15/52 | 5,246,516 | ||||||||||||
Series - 2019 H6 (Class ASB) | ||||||||||||||||
750,000 | Morgan Stanley Capital I Trust | 3.417 | 06/15/52 | 791,818 | ||||||||||||
Series - 2019 H6 (Class A4) | ||||||||||||||||
1,500,000 | UBS Barclays Commercial Mortgage Trust | 3.185 | 03/10/46 | 1,521,755 | ||||||||||||
Series - 2013 C5 (Class A4) | ||||||||||||||||
500,000 | UBS Barclays Commercial Mortgage Trust | 3.244 | 04/10/46 | 508,519 | ||||||||||||
Series - 2013 C6 (Class A4) | ||||||||||||||||
1,000,000 | UBS Barclays Commercial Mortgage Trust | 3.525 | 05/10/63 | 1,008,706 | ||||||||||||
Series - 2012 C2 (Class A4) | ||||||||||||||||
326,470 | UBS Citigroup Commercial Mortgage Trust | 3.595 | 01/10/45 | 329,999 | ||||||||||||
Series - 2011 C1 (Class A3) | ||||||||||||||||
100,000 | UBS Commercial Mortgage Trust | 4.822 | 05/10/45 | 100,744 | ||||||||||||
Series - 2012 C1 (Class B) | ||||||||||||||||
1,000,000 | UBS Commercial Mortgage Trust | 2.998 | 08/15/50 | 1,019,936 | ||||||||||||
Series - 2017 C3 (Class A2) | ||||||||||||||||
1,500,000 | UBS Commercial Mortgage Trust | 3.426 | 08/15/50 | 1,548,346 | ||||||||||||
Series - 2017 C3 (Class A4) | ||||||||||||||||
1,000,000 | i | UBS Commercial Mortgage Trust | 3.739 | 08/15/50 | 1,003,735 | |||||||||||
Series - 2017 C3 (Class AS) | ||||||||||||||||
1,000,000 | UBS Commercial Mortgage Trust | 3.147 | 10/15/50 | 1,020,914 | ||||||||||||
Series - 2017 C4 (Class A2) | ||||||||||||||||
10,000,000 | UBS Commercial Mortgage Trust | 3.713 | 02/15/51 | 10,363,785 | ||||||||||||
Series - 2018 C8 (Class A2) | ||||||||||||||||
11,000,000 | UBS Commercial Mortgage Trust | 4.313 | 05/15/51 | 12,121,302 | ||||||||||||
Series - 2018 C10 (Class A4) | ||||||||||||||||
2,000,000 | UBS Commercial Mortgage Trust | 4.296 | 08/15/51 | 2,263,594 | ||||||||||||
Series - 2018 C12 (Class A5) | ||||||||||||||||
2,400,000 | i | UBS Commercial Mortgage Trust | 5.271 | 12/15/51 | 1,997,176 | |||||||||||
Series - 2018 C14 (Class C) | ||||||||||||||||
875,000 | i | Wells Fargo Commercial Mortgage Trust | 3.872 | 05/15/48 | 887,004 | |||||||||||
Series - 2015 C28 (Class AS) |
142 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 2,000,000 | Wells Fargo Commercial Mortgage Trust | 3.695 | % | 11/15/48 | $ | 2,085,819 | |||||||||
Series - 2015 C31 (Class A4) | ||||||||||||||||
480,000 | i | Wells Fargo Commercial Mortgage Trust | 4.224 | 12/15/48 | 461,095 | |||||||||||
Series - 2015 NXS4 (Class B) | ||||||||||||||||
2,000,000 | Wells Fargo Commercial Mortgage Trust | 2.652 | 08/15/49 | 1,968,116 | ||||||||||||
Series - 2016 BNK1 (Class A3) | ||||||||||||||||
500,000 | Wells Fargo Commercial Mortgage Trust | 2.967 | 08/15/49 | 449,487 | ||||||||||||
Series - 2016 BNK1 (Class B) | ||||||||||||||||
1,000,000 | Wells Fargo Commercial Mortgage Trust | 3.377 | 11/15/49 | 999,273 | ||||||||||||
Series - 2016 NXS6 (Class AS) | ||||||||||||||||
2,000,000 | Wells Fargo Commercial Mortgage Trust | 4.152 | 08/15/51 | 2,149,877 | ||||||||||||
Series - 2018 C46 (Class A4) | ||||||||||||||||
2,700,000 | Wells Fargo Commercial Mortgage Trust | 3.760 | 03/15/52 | 2,863,901 | ||||||||||||
Series - 2019 C49 (Class A4) | ||||||||||||||||
2,000,000 | Wells Fargo Commercial Mortgage Trust | 3.635 | 05/15/52 | 2,145,209 | ||||||||||||
Series - 2019 C50 (Class ASB) | ||||||||||||||||
3,250,000 | Wells Fargo Commercial Mortgage Trust | 4.192 | 05/15/52 | 3,020,814 | ||||||||||||
Series - 2019 C50 (Class B) | ||||||||||||||||
10,000,000 | Wells Fargo Commercial Mortgage Trust | 3.040 | 10/15/52 | 10,314,485 | ||||||||||||
Series - 2019 C53 (Class A4) | ||||||||||||||||
117,000 | Wells Fargo Commercial Mortgage Trust | 3.896 | 03/15/59 | 94,459 | ||||||||||||
Series - 2016 C33 (Class C) | ||||||||||||||||
1,075,000 | WF-RBS Commercial Mortgage Trust | 3.037 | 03/15/45 | 1,068,431 | ||||||||||||
Series - 2013 C11 (Class A4) | ||||||||||||||||
250,000 | i | WF-RBS Commercial Mortgage Trust | 4.813 | 06/15/45 | 234,384 | |||||||||||
Series - 2012 C7 (Class C) | ||||||||||||||||
400,000 | WF-RBS Commercial Mortgage Trust | 3.001 | 08/15/45 | 405,382 | ||||||||||||
Series - 2012 C8 (Class A3) | ||||||||||||||||
775,000 | WF-RBS Commercial Mortgage Trust | 3.241 | 12/15/45 | 773,783 | ||||||||||||
Series - 2012 C10 (Class AS) | ||||||||||||||||
600,000 | WF-RBS Commercial Mortgage Trust | 3.337 | 06/15/46 | 609,593 | ||||||||||||
Series - 2013 C14 (Class A5) | ||||||||||||||||
500,000 | i | WF-RBS Commercial Mortgage Trust | 4.646 | 03/15/47 | 444,611 | |||||||||||
Series - 2014 C19 (Class C) | ||||||||||||||||
1,000,000 | i | WF-RBS Commercial Mortgage Trust | 4.723 | 03/15/47 | 1,001,785 | |||||||||||
Series - 2014 C19 (Class B) | ||||||||||||||||
500,000 | WF-RBS Commercial Mortgage Trust | 3.198 | 03/15/48 | 506,039 | ||||||||||||
Series - 2013 C12 (Class A4) | ||||||||||||||||
TOTAL OTHER MORTGAGE BACKED | 323,421,826 | |||||||||||||||
TOTAL STRUCTURED ASSETS | 452,488,142 | |||||||||||||||
(Cost $448,540,211) | ||||||||||||||||
TOTAL BONDS | 16,350,550,356 | |||||||||||||||
(Cost $15,372,672,809) |
143 |
TIAA-CREF FUNDS –Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
SHORT-TERM INVESTMENTS - 0.2% | |||||||||||||||||
GOVERNMENT AGENCY DEBT - 0.2% | |||||||||||||||||
$ | 786,000 | Federal Home Loan Bank (FHLB) | 0.050 | % | 04/03/20 | $ | 785,997 | ||||||||||
1,700,000 | FHLB | 0.001 | 05/07/20 | 1,699,881 | |||||||||||||
6,500,000 | FHLB | 0.010 | 05/15/20 | 6,499,444 | |||||||||||||
5,000,000 | FHLB | 0.040 | 05/26/20 | 4,999,465 | |||||||||||||
9,786,000 | FHLB | 0.090 | 06/29/20 | 9,784,306 | |||||||||||||
10,000,000 | FHLB | 0.070 | 10/13/20 | 9,992,417 | |||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 33,761,510 | ||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 33,761,510 | ||||||||||||||||
(Cost $33,765,642) | |||||||||||||||||
TOTAL INVESTMENTS - 98.9% | 16,384,311,866 | ||||||||||||||||
(Cost $15,406,438,451) | |||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - 1.1% | 175,649,315 | ||||||||||||||||
NET ASSETS - 100.0% | $ | 16,559,961,181 | |||||||||||||||
‡ | Perpetual security | ||||||||||||||||
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/2020, the aggregate value of these securities is $121,345,562 or 0.7% of net assets. | ||||||||||||||||
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 | Zero coupon |
144 |
TIAA-CREF FUNDS –Core Bond Fund
TIAA-CREF FUNDS
CORE BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2020
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
BANK LOAN OBLIGATIONS - 1.7% | ||||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.0% | ||||||||||||||||||
$ | 997,494 | i | Clarios Global LP | LIBOR 1 M + 3.500% | 4.441 | % | 04/30/26 | $ | 907,719 | |||||||||
994,898 | i | Gates Global LLC | LIBOR 1 M + 2.750% | 3.750 | 04/01/24 | 857,602 | ||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 1,765,321 | |||||||||||||||||
BANKS - 0.0% | ||||||||||||||||||
922,670 | i | BCPE Rover Merger Sub, Inc | LIBOR 1 M + 4.250% | 5.239 | 11/28/25 | 755,049 | ||||||||||||
TOTAL BANKS | 755,049 | |||||||||||||||||
CAPITAL GOODS - 0.1% | ||||||||||||||||||
925,000 | i | Avolon Borrower US LLC | LIBOR 1 M + 1.500% | 2.273 | 02/05/27 | 789,719 | ||||||||||||
701,491 | i | Avolon Borrower US LLC | LIBOR 1 M + 1.750% | 2.523 | 01/15/25 | 621,991 | ||||||||||||
1,092,985 | i | Prometric Holdings Inc | LIBOR 1 M + 3.000% | 4.000 | 01/29/25 | 819,739 | ||||||||||||
1,473,693 | i | TransDigm, Inc | LIBOR 1 M + 2.250% | 3.239 | 08/22/24 | 1,364,640 | ||||||||||||
482,684 | i | TransDigm, Inc | LIBOR 1 M + 2.250% | 3.239 | 12/09/25 | 438,035 | ||||||||||||
TOTAL CAPITAL GOODS | 4,034,124 | |||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.2% | ||||||||||||||||||
2,169,563 | i | Allied Universal Holdco LLC | LIBOR 1 M + 4.250% | 5.239 | 07/10/26 | 1,995,997 | ||||||||||||
488,732 | i | Brightview Landscapes LLC | LIBOR 1 M + 2.500% | 3.125 | 08/15/25 | 458,186 | ||||||||||||
1,375,253 | i | Clean Harbors, Inc | LIBOR 1 M + 1.750% | 2.739 | 06/28/24 | 1,248,468 | ||||||||||||
1,598,428 | i | Filtration Group Corp | LIBOR 1 M + 3.000% | 3.989 | 03/28/25 | 1,380,642 | ||||||||||||
1,179,953 | i | GFL Environmental, Inc | LIBOR 1 M + 3.000% | 4.000 | 05/30/25 | 1,138,655 | ||||||||||||
122,551 | i | Gopher Sub, Inc | LIBOR 1 M + 3.000% | 3.989 | 02/03/25 | 102,943 | ||||||||||||
259,078 | i | KAR Auction Services, Inc | LIBOR 1 M + 2.250% | 3.188 | 09/19/26 | 238,352 | ||||||||||||
797,959 | i | Packers Holdings LLC | LIBOR 1 M + 3.250% | 4.250 | 12/04/24 | 668,291 | ||||||||||||
859,159 | i | Prime Security Services | LIBOR 1 M + 3.250% | 4.606 | 09/23/26 | 767,229 | ||||||||||||
1,492,443 | i | Sedgwick Claims Management Services, Inc | LIBOR 1 M + 3.250% | 4.239 | 12/31/25 | 1,312,111 | ||||||||||||
1,870,291 | i | Spin Holdco, Inc | LIBOR 3 M + 3.250% | 5.093 | 11/14/22 | 1,659,883 | ||||||||||||
1,500,000 | i | Syneos Health Inc | LIBOR 1 M + 1.750% | 2.739 | 08/01/24 | 1,440,000 | ||||||||||||
1,396,396 | i | Trans Union LLC | LIBOR 1 M + 1.750% | 2.739 | 11/16/26 | 1,332,860 | ||||||||||||
2,000,000 | i | XPO Logistics, Inc | LIBOR 3 M + 2.000% | 3.613 | 02/24/25 | 1,885,720 | ||||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 15,629,337 | |||||||||||||||||
CONSUMER DURABLES & APPAREL - 0.0% | ||||||||||||||||||
476,577 | i | Academy Ltd | LIBOR 1 M + 4.000% | 5.515 | 07/01/22 | 254,440 | ||||||||||||
1,087,388 | i | Samsonite IP Holdings Sarl | LIBOR 1 M + 1.750% | 2.739 | 04/25/25 | 897,095 | ||||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 1,151,535 | |||||||||||||||||
CONSUMER SERVICES - 0.1% | ||||||||||||||||||
1,352,459 | i | 1011778 BC ULC | LIBOR 1 M + 1.750% | 2.739 | 11/19/26 | 1,244,262 | ||||||||||||
1,480,916 | i | AlixPartners LLP | LIBOR 1 M + 2.500% | 3.500 | 04/04/24 | 1,410,573 | ||||||||||||
859,497 | i | Boyd Gaming Corp | LIBOR 1 W + 2.250% | 2.934 | 09/15/23 | 739,434 | ||||||||||||
387,305 | i | CDS US Intermediate Holdings, Inc | LIBOR 3 M + 3.750% | 5.200 | 07/08/22 | 195,891 | ||||||||||||
778,951 | i | KUEHG Corp | LIBOR 3 M + 3.750% | 5.200 | 02/21/25 | 577,203 |
145 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,914,439 | i | Scientific Games International, Inc | LIBOR 1 M and 2 M + 2.750% | 4.369 | % | 08/14/24 | $ | 1,537,926 | |||||||||
2,096,027 | i | Sterling Midco Holdings, Inc | LIBOR 1 M + 3.500% | 4.500 | 06/19/24 | 1,708,262 | ||||||||||||
500,091 | i | YUM! Brands | LIBOR 1 M + 1.750% | 2.362 | 04/03/25 | 471,335 | ||||||||||||
TOTAL CONSUMER SERVICES | 7,884,886 | |||||||||||||||||
DIVERSIFIED FINANCIALS - 0.0% | ||||||||||||||||||
619,492 | i | Lions Gate Capital Holdings LLC | LIBOR 1 M + 2.250% | 3.239 | 03/24/25 | 554,445 | ||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 554,445 | |||||||||||||||||
ENERGY - 0.1% | ||||||||||||||||||
1,425,000 | i | Buckeye Partners LP | LIBOR 1 M + 2.750% | 4.265 | 11/02/26 | 1,299,600 | ||||||||||||
235,000 | i | California Resources Corp | LIBOR 3 M + 10.375% | 11.988 | 12/31/21 | 11,078 | ||||||||||||
1,942,539 | i | Delek US Holdings, Inc | LIBOR 1 M + 2.250% | 3.239 | 03/31/25 | 1,445,366 | ||||||||||||
495,548 | i | Ultra Resources, Inc | LIBOR 3 M + 4.000% | 5.603 | 04/12/24 | 233,319 | ||||||||||||
TOTAL ENERGY | 2,989,363 | |||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 0.0% | ||||||||||||||||||
150,000 | i | Froneri US, Inc | LIBOR 1 M + 2.250% | 3.239 | 01/29/27 | 142,125 | ||||||||||||
997,494 | i | Hostess Brands LLC | LIBOR 1 M and 3 M + 2.250% | 4.013 | 08/01/25 | 922,682 | ||||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 1,064,807 | |||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.3% | ||||||||||||||||||
1,090,000 | i | Change Healthcare Holdings LLC | LIBOR 1 M + 2.500% | 3.500 | 03/01/24 | 1,024,600 | ||||||||||||
1,675,000 | i | Da Vinci Purchaser Corp | LIBOR 3 M + 4.000% | 5.872 | 01/08/27 | 1,574,500 | ||||||||||||
1,243,758 | i | DaVita, Inc | LIBOR 1 M + 1.750% | 2.739 | 08/12/26 | 1,177,689 | ||||||||||||
2,881,162 | i | Endo Luxembourg Finance I Co Sarl | LIBOR 1 M + 4.250% | 5.250 | 04/29/24 | 2,571,437 | ||||||||||||
733,191 | i | Envision Healthcare Corp | LIBOR 1 M + 3.750% | 4.739 | 10/10/25 | 370,261 | ||||||||||||
994,859 | i | ExamWorks Group Inc | LIBOR 3 M and 6 M + 3.250% | 4.250 | 07/27/23 | 890,399 | ||||||||||||
1,488,533 | i | Gentiva Health Services, Inc | LIBOR 1 M + 3.250% | 4.250 | 07/02/25 | 1,391,779 | ||||||||||||
237,848 | i | Greatbatch Ltd | LIBOR 1 M + 2.500% | 3.510 | 10/27/22 | 222,388 | ||||||||||||
2,069,813 | i | Grifols Worldwide Operations USA, Inc | LIBOR 1 W + 2.000% | 2.684 | 11/15/27 | 1,950,798 | ||||||||||||
994,778 | i | Jaguar Holding Co II | LIBOR 1 M + 2.500% | 3.500 | 08/18/22 | 946,820 | ||||||||||||
611,602 | i | NMN Holdings III Corp | LIBOR 1 M + 3.750% | 4.739 | 11/13/25 | 495,397 | ||||||||||||
131,201 | i,r | NMN Holdings III Corp | LIBOR 1 M and 3 M + 3.750% | 4.739 | 11/13/25 | 106,273 | ||||||||||||
2,322,060 | h,i | RegionalCare Hospital Partners Holdings, Inc | LIBOR 1 M + 3.750% | 4.739 | 11/16/25 | 2,143,564 | ||||||||||||
1,946,734 | i | Select Medical Corp | LIBOR 1 M + 2.500% | 3.430 | 03/06/25 | 1,839,663 | ||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 16,705,568 | |||||||||||||||||
INSURANCE - 0.1% | ||||||||||||||||||
1,379,000 | i | Acrisure LLC | LIBOR 3 M + 3.500% | 5.207 | 02/15/27 | 1,213,520 | ||||||||||||
1,957,576 | i | Asurion LLC | LIBOR 1 M + 3.000% | 3.989 | 11/03/24 | 1,849,909 | ||||||||||||
1,496,250 | i | HUB International Ltd | LIBOR 3 M + 4.000% | 5.692 | 04/25/25 | 1,402,734 | ||||||||||||
2,007,954 | i | NFP Corp | LIBOR 1 M + 3.250% | 4.239 | 02/15/27 | 1,713,448 | ||||||||||||
1,994,885 | i | USI, Inc | LIBOR 1 M + 3.000% | 3.989 | 05/16/24 | 1,815,345 | ||||||||||||
TOTAL INSURANCE | 7,994,956 | |||||||||||||||||
MATERIALS - 0.2% | ||||||||||||||||||
1,991,420 | i | Atotech Alpha 3 BV | LIBOR 3 M + 3.000% | 4.450 | 01/31/24 | 1,812,192 | ||||||||||||
2,325,403 | h,i | Berry Global, Inc | LIBOR 1 M + 2.000% | 2.863 | 10/01/22 | 2,213,969 |
146 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,942,633 | i | Chemours Co | LIBOR 1 M + 1.750% | 2.740 | % | 04/03/25 | $ | 1,767,796 | |||||||||
1,174,050 | i | H.B. Fuller Co | LIBOR 1 M + 2.000% | 2.773 | 10/21/24 | 1,011,890 | ||||||||||||
1,757,250 | i | Messer Industries USA, Inc | LIBOR 3 M + 2.500% | 3.950 | 03/01/26 | 1,553,409 | ||||||||||||
1,500,000 | i | PQ Corp | LIBOR 3 M + 2.250% | 4.027 | 02/07/27 | 1,376,250 | ||||||||||||
350,000 | i | Reynolds Consumer Products LLC | LIBOR 3 M + 1.750% | 3.501 | 02/04/27 | 327,950 | ||||||||||||
289,396 | i | Starfruit US Holdco LLC | LIBOR 1 M + 3.000% | 3.863 | 10/01/25 | 257,563 | ||||||||||||
997,494 | i | Tamko Building Products, Inc | LIBOR 1 M + 3.250% | 4.250 | 05/29/26 | 927,669 | ||||||||||||
1,376,582 | i | Tronox Finance LLC | LIBOR 1 M and 3 M + 2.750% | 3.739 | 09/23/24 | 1,198,603 | ||||||||||||
554,982 | i | Univar USA, Inc | LIBOR 3 M + 2.250% | 3.700 | 07/01/24 | 518,908 | ||||||||||||
TOTAL MATERIALS | 12,966,199 | |||||||||||||||||
MEDIA & ENTERTAINMENT - 0.1% | ||||||||||||||||||
300,000 | h,i | Banijay Group US Holding, Inc | LIBOR 1 M + 3.750% | 4.750 | 03/04/25 | 264,000 | ||||||||||||
1,492,500 | i | Diamond Sports Group LLC | LIBOR 1 M + 3.250% | 4.180 | 08/24/26 | 1,149,225 | ||||||||||||
386,387 | i | Nielsen Finance LLC | LIBOR 1 M + 2.000% | 3.005 | 10/04/23 | 354,993 | ||||||||||||
748,125 | i | Pregis TopCo Corp | LIBOR 1 M + 4.000% | 4.989 | 07/31/26 | 647,128 | ||||||||||||
773,063 | i | Terrier Media Buyer, Inc | LIBOR 3 M + 4.250% | 5.700 | 12/17/26 | 682,228 | ||||||||||||
689,253 | i | Univision Communications, Inc | LIBOR 1 M + 2.750% | 3.750 | 03/15/24 | 580,695 | ||||||||||||
950,000 | i | Virgin Media Bristol LLC | LIBOR 1 M + 2.500% | 3.205 | 01/31/28 | 874,000 | ||||||||||||
268,078 | i | Wand NewCo 3, Inc | LIBOR 6 M + 3.000% | 4.072 | 02/05/26 | 238,590 | ||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 4,790,859 | |||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.1% | ||||||||||||||||||
609,375 | i | Alphabet Holding Co, Inc | LIBOR 1 M + 3.500% | 4.489 | 09/26/24 | 481,748 | ||||||||||||
987,520 | i | Auris Luxembourg III Sarl | LIBOR 1 M + 3.750% | 4.739 | 02/27/26 | 733,234 | ||||||||||||
2,209,519 | i | Bausch Health Americas, Inc | LIBOR 1 M + 3.000% | 3.612 | 06/02/25 | 2,090,757 | ||||||||||||
1,384,286 | i | Bausch Health Americas, Inc | LIBOR 1 M + 2.750% | 3.362 | 11/27/25 | 1,308,150 | ||||||||||||
1,277,545 | i | Horizon Therapeutics USA, Inc | LIBOR 1 M + 2.250% | 3.313 | 05/22/26 | 1,191,311 | ||||||||||||
997,169 | i | PAREXEL International Corp | LIBOR 1 M + 2.750% | 3.739 | 09/27/24 | 846,347 | ||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 6,651,547 | |||||||||||||||||
REAL ESTATE - 0.0% | ||||||||||||||||||
1,722,528 | i | Cushman & Wakefield plc | LIBOR 1 M + 2.750% | 3.739 | 08/21/25 | 1,502,906 | ||||||||||||
TOTAL REAL ESTATE | 1,502,906 | |||||||||||||||||
RETAILING - 0.0% | ||||||||||||||||||
299,250 | i | Camelot Finance S.A. | LIBOR 1 M + 3.250% | 4.239 | 10/28/26 | 281,295 | ||||||||||||
985,019 | i | Staples, Inc | LIBOR 1 M + 5.000% | 6.515 | 04/16/26 | 773,240 | ||||||||||||
TOTAL RETAILING | 1,054,535 | |||||||||||||||||
SOFTWARE & SERVICES - 0.0% | ||||||||||||||||||
675,000 | i | Dun & Bradstreet Corp | LIBOR 1 M + 4.000% | 4.959 | 02/06/26 | 604,969 | ||||||||||||
68,912 | i | IQVIA, Inc | LIBOR 1 M + 1.750% | 2.739 | 03/07/24 | 63,141 | ||||||||||||
460,027 | i | NeuStar, Inc | LIBOR 3 M and 6 M + 3.500% | 4.950 | 08/08/24 | 346,860 | ||||||||||||
1,750,000 | i | Web.com Group Inc | LIBOR 3 M + 3.750% | 4.945 | 10/10/25 | 1,426,250 | ||||||||||||
TOTAL SOFTWARE & SERVICES | 2,441,220 | |||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1% | ||||||||||||||||||
373,125 | i | CommScope, Inc | LIBOR 1 M + 3.250% | 4.239 | 04/06/26 | 350,738 | ||||||||||||
2,278,219 | i | Dell International LLC | LIBOR 1 M + 2.000% | 2.990 | 09/19/25 | 2,165,743 |
147 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 111,779 | †,i | MTS Systems Corp | LIBOR 1 M + 3.250% | 4.240 | % | 07/05/23 | $ | 100,601 | |||||||||
875,000 | i | Pitney Bowes, Inc | LIBOR 1 M + 5.500% | 6.490 | 01/17/25 | 743,750 | ||||||||||||
899,461 | i | Plantronics, Inc | LIBOR 1 M and 3 M + 2.500% | 3.459 | 07/02/25 | 695,733 | ||||||||||||
1,500,000 | i | TTM Technologies, Inc | LIBOR 1 M + 2.500% | 4.081 | 09/28/24 | 1,395,000 | ||||||||||||
987,488 | i | VeriFone Systems, Inc | LIBOR 3 M + 4.000% | 5.695 | 08/20/25 | 608,954 | ||||||||||||
169,814 | i | Western Digital Corp | LIBOR 1 M + 1.750% | 3.353 | 04/29/23 | 163,021 | ||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 6,223,540 | |||||||||||||||||
TELECOMMUNICATION SERVICES - 0.1% | ||||||||||||||||||
929,731 | i | CNT Holdings III Corp | LIBOR 3 M + 3.000% | 4.080 | 01/22/23 | 826,884 | ||||||||||||
700,000 | i | Front Range BidCo, Inc | LIBOR 1 M + 3.000% | 3.989 | 03/09/27 | 658,000 | ||||||||||||
1,417,692 | i | Sprint Communications, Inc | LIBOR 1 M + 2.500% | 3.500 | 02/02/24 | 1,407,059 | ||||||||||||
994,962 | i | Sprint Communications, Inc | LIBOR 1 M + 3.000% | 4.000 | 02/02/24 | 987,500 | ||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 3,879,443 | |||||||||||||||||
TRANSPORTATION - 0.1% | ||||||||||||||||||
1,469,697 | i | American Airlines, Inc | LIBOR 1 M + 2.000% | 2.705 | 12/14/23 | 1,153,712 | ||||||||||||
318,766 | i | Avis Budget Car Rental LLC | LIBOR 1 M + 1.750% | 2.740 | 08/06/27 | 255,545 | ||||||||||||
281,034 | i | Kenan Advantage Group, Inc | LIBOR 1 M + 3.000% | 4.000 | 07/29/22 | 227,022 | ||||||||||||
1,181,801 | i | Kenan Advantage Group, Inc | LIBOR 1 M + 3.000% | 4.000 | 08/01/22 | 954,671 | ||||||||||||
1,674,177 | i | Vouvray US Finance, LLC | LIBOR 1 M + 3.000% | 4.000 | 03/11/24 | 1,110,532 | ||||||||||||
TOTAL TRANSPORTATION | 3,701,482 | |||||||||||||||||
UTILITIES - 0.1% | ||||||||||||||||||
981,959 | i | Calpine Corp | LIBOR 1 M + 2.250% | 3.240 | 01/15/24 | 940,717 | ||||||||||||
2,074,800 | i | First Eagle Holdings, Inc | LIBOR 1 M + 2.500% | 3.950 | 02/02/27 | 1,737,645 | ||||||||||||
1,990,933 | †,i | Gopher Resource LLC | LIBOR 1 M + 3.250% | 4.250 | 03/06/25 | 1,761,976 | ||||||||||||
945,250 | i | Talen Energy Supply LLC | LIBOR 1 M + 3.750% | 4.739 | 06/26/26 | 817,641 | ||||||||||||
920,115 | i | Vistra Operations Co LLC | LIBOR 1 M + 1.750% | 2.550 | 12/31/25 | 870,658 | ||||||||||||
TOTAL UTILITIES | 6,128,637 | |||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 109,869,759 | |||||||||||||||||
(Cost $124,339,777) | ||||||||||||||||||
BONDS - 89.1% | ||||||||||||||||||
CORPORATE BONDS - 38.4% | ||||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.3% | ||||||||||||||||||
450,000 | g | Dana Financing Luxembourg SARL | 6.500 | 06/01/26 | 396,000 | |||||||||||||
225,000 | Dana, Inc | 5.375 | 11/15/27 | 182,250 | ||||||||||||||
4,900,000 | g | Gates Global LLC | 6.250 | 01/15/26 | 4,336,500 | |||||||||||||
1,700,000 | General Motors Co | 6.600 | 04/01/36 | 1,479,502 | ||||||||||||||
825,000 | General Motors Co | 6.250 | 10/02/43 | 655,174 | ||||||||||||||
5,050,000 | General Motors Co | 5.200 | 04/01/45 | 4,002,641 | ||||||||||||||
475,000 | General Motors Co | 6.750 | 04/01/46 | 379,806 | ||||||||||||||
2,750,000 | g | Hyundai Capital America | 2.375 | 02/10/23 | 2,592,490 | |||||||||||||
2,750,000 | g | Hyundai Capital America | 3.000 | 02/10/27 | 2,551,063 | |||||||||||||
1,000,000 | g,o | IHO Verwaltungs GmbH | 6.375 | 05/15/29 | 765,000 | |||||||||||||
1,750,000 | Magna International, Inc | 3.625 | 06/15/24 | 1,821,034 | ||||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 19,161,460 |
148 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
BANKS - 8.6% | ||||||||||||||||||
$ | 1,900,000 | g | Akbank TAS | 7.200 | % | 03/16/27 | $ | 1,610,214 | ||||||||||
4,100,000 | g | Australia & New Zealand Banking Group Ltd | 2.950 | 07/22/30 | 3,884,893 | |||||||||||||
2,000,000 | g | Banco de Bogota S.A. | 4.375 | 08/03/27 | 1,785,830 | |||||||||||||
2,100,000 | g | Banco de Credito del Peru | 2.700 | 01/11/25 | 1,921,500 | |||||||||||||
6,300,000 | g | Banco del Estado de Chile | 2.668 | 01/08/21 | 6,252,750 | |||||||||||||
2,375,000 | g | Banco del Estado de Chile | 2.704 | 01/09/25 | 2,210,555 | |||||||||||||
2,000,000 | g | Banco Internacional del Peru SAA Interbank | 3.375 | 01/18/23 | 1,890,000 | |||||||||||||
4,200,000 | Banco Santander S.A. | 3.800 | 02/23/28 | 4,121,530 | ||||||||||||||
1,700,000 | Bancolombia S.A. | 3.000 | 01/29/25 | 1,523,217 | ||||||||||||||
1,325,000 | Bancolombia S.A. | 4.625 | 12/18/29 | 1,159,375 | ||||||||||||||
3,000,000 | g | Bank Leumi Le-Israel BM | 3.275 | 01/29/31 | 2,787,120 | |||||||||||||
10,000,000 | Bank of America Corp | 3.550 | 03/05/24 | 10,365,974 | ||||||||||||||
10,000,000 | Bank of America Corp | 3.864 | 07/23/24 | 10,491,442 | ||||||||||||||
10,000,000 | Bank of America Corp | 4.000 | 01/22/25 | 10,559,926 | ||||||||||||||
2,450,000 | Bank of America Corp | 3.875 | 08/01/25 | 2,626,848 | ||||||||||||||
20,300,000 | Bank of America Corp | 2.456 | 10/22/25 | 20,471,751 | ||||||||||||||
1,000,000 | Bank of America Corp | 4.450 | 03/03/26 | 1,081,467 | ||||||||||||||
5,000,000 | Bank of America Corp | 4.250 | 10/22/26 | 5,335,280 | ||||||||||||||
17,045,000 | Bank of America Corp | 3.559 | 04/23/27 | 17,840,144 | ||||||||||||||
6,800,000 | Bank of America Corp | 3.248 | 10/21/27 | 7,101,878 | ||||||||||||||
3,450,000 | Bank of America Corp | 3.824 | 01/20/28 | 3,578,354 | ||||||||||||||
3,215,000 | Bank of America Corp | 3.419 | 12/20/28 | 3,319,560 | ||||||||||||||
925,000 | Bank of America Corp | 2.884 | 10/22/30 | 923,696 | ||||||||||||||
26,650,000 | Bank of America Corp | 2.496 | 02/13/31 | 25,568,518 | ||||||||||||||
5,000,000 | Bank of America Corp | 4.083 | 03/20/51 | 5,675,864 | ||||||||||||||
4,000,000 | Bank of America Corp | 6.100 | N/A‡ | 4,040,000 | ||||||||||||||
2,100,000 | Barclays plc | 4.338 | 05/16/24 | 2,025,956 | ||||||||||||||
7,000,000 | Barclays plc | 3.932 | 05/07/25 | 6,717,749 | ||||||||||||||
3,000,000 | g | BNG Bank NV | 3.000 | 09/20/23 | 3,228,578 | |||||||||||||
2,600,000 | g | BPCE S.A. | 4.625 | 07/11/24 | 2,556,228 | |||||||||||||
8,670,000 | g | Canadian Imperial Bank of Commerce | 3.150 | 06/27/21 | 8,834,893 | |||||||||||||
5,845,000 | Capital One NA | 2.650 | 08/08/22 | 5,787,987 | ||||||||||||||
5,750,000 | Citigroup, Inc | 3.875 | 03/26/25 | 6,026,384 | ||||||||||||||
8,000,000 | Citigroup, Inc | 3.352 | 04/24/25 | 8,237,542 | ||||||||||||||
4,025,000 | Citigroup, Inc | 3.200 | 10/21/26 | 4,168,831 | ||||||||||||||
2,200,000 | Citigroup, Inc | 4.300 | 11/20/26 | 2,326,257 | ||||||||||||||
9,250,000 | Citigroup, Inc | 4.450 | 09/29/27 | 9,699,152 | ||||||||||||||
32,075,000 | Citigroup, Inc | 2.666 | 01/29/31 | 31,122,217 | ||||||||||||||
5,550,000 | Citigroup, Inc | 4.412 | 03/31/31 | 6,106,534 | ||||||||||||||
5,000,000 | Citigroup, Inc | 5.000 | N/A‡ | 4,570,800 | ||||||||||||||
2,225,000 | Citizens Bank NA | 2.650 | 05/26/22 | 2,222,323 | ||||||||||||||
375,000 | Cooperatieve Rabobank UA | 3.950 | 11/09/22 | 377,186 | ||||||||||||||
2,250,000 | g | Cooperatieve Rabobank UA | 2.625 | 07/22/24 | 2,185,836 | |||||||||||||
4,775,000 | Cooperatieve Rabobank UA | 3.750 | 07/21/26 | 4,601,063 | ||||||||||||||
7,475,000 | g | Credit Agricole S.A. | 3.250 | 10/04/24 | 7,487,650 | |||||||||||||
1,425,000 | g | Credit Agricole S.A. | 2.375 | 01/22/25 | 1,394,581 | |||||||||||||
315,000 | g | Danske Bank AS | 5.375 | 01/12/24 | 331,590 | |||||||||||||
1,525,000 | g | DBS Group Holdings Ltd | 4.520 | 12/11/28 | 1,581,977 | |||||||||||||
1,000,000 | Discover Bank | 3.200 | 08/09/21 | 995,272 | ||||||||||||||
4,200,000 | Discover Bank | 2.450 | 09/12/24 | 4,023,881 | ||||||||||||||
5,400,000 | Discover Bank | 3.450 | 07/27/26 | 5,280,158 | ||||||||||||||
2,275,000 | Discover Bank | 2.700 | 02/06/30 | 1,977,730 |
149 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 807,000 | Fifth Third Bancorp | 3.500 | % | 03/15/22 | $ | 814,032 | |||||||||||
1,475,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 1,464,122 | ||||||||||||||
1,625,000 | HSBC Holdings plc | 3.803 | 03/11/25 | 1,691,773 | ||||||||||||||
1,650,000 | HSBC Holdings plc | 2.633 | 11/07/25 | 1,600,922 | ||||||||||||||
625,000 | HSBC Holdings plc | 3.900 | 05/25/26 | 635,869 | ||||||||||||||
15,640,000 | HSBC Holdings plc | 4.292 | 09/12/26 | 16,350,360 | ||||||||||||||
750,000 | HSBC Holdings plc | 4.375 | 11/23/26 | 796,353 | ||||||||||||||
2,025,000 | HSBC Holdings plc | 4.041 | 03/13/28 | 2,060,981 | ||||||||||||||
2,275,000 | HSBC Holdings plc | 4.950 | 03/31/30 | 2,508,960 | ||||||||||||||
3,850,000 | HSBC Holdings plc | 3.973 | 05/22/30 | 3,954,039 | ||||||||||||||
590,000 | HSBC Holdings plc | 6.800 | 06/01/38 | 719,319 | ||||||||||||||
360,000 | Huntington Bancshares, Inc | 4.000 | 05/15/25 | 376,891 | ||||||||||||||
4,100,000 | Huntington National Bank | 2.500 | 08/07/22 | 4,109,959 | ||||||||||||||
2,075,000 | g | ING Groep NV | 4.625 | 01/06/26 | 2,186,965 | |||||||||||||
400,000 | ING Groep NV | 3.950 | 03/29/27 | 399,926 | ||||||||||||||
3,000,000 | g | Intercorp Financial Services, Inc | 4.125 | 10/19/27 | 2,724,000 | |||||||||||||
3,425,000 | JPMorgan Chase & Co | 2.776 | 04/25/23 | 3,468,339 | ||||||||||||||
695,000 | JPMorgan Chase & Co | 3.875 | 09/10/24 | 733,879 | ||||||||||||||
10,000,000 | JPMorgan Chase & Co | 4.023 | 12/05/24 | 10,594,803 | ||||||||||||||
9,400,000 | JPMorgan Chase & Co | 2.301 | 10/15/25 | 9,400,969 | ||||||||||||||
2,500,000 | JPMorgan Chase & Co | 3.200 | 06/15/26 | 2,596,289 | ||||||||||||||
13,000,000 | JPMorgan Chase & Co | 4.203 | 07/23/29 | 14,280,739 | ||||||||||||||
19,405,000 | JPMorgan Chase & Co | 3.702 | 05/06/30 | 20,841,532 | ||||||||||||||
18,950,000 | JPMorgan Chase & Co | 2.739 | 10/15/30 | 19,029,398 | ||||||||||||||
700,000 | JPMorgan Chase & Co | 4.260 | 02/22/48 | 841,031 | ||||||||||||||
3,500,000 | JPMorgan Chase & Co | 4.600 | N/A‡ | 3,063,200 | ||||||||||||||
5,000,000 | JPMorgan Chase & Co | 5.000 | N/A‡ | 4,687,500 | ||||||||||||||
26,075,000 | JPMorgan Chase Bank NA | 3.086 | 04/26/21 | 26,064,130 | ||||||||||||||
7,200,000 | Mitsubishi UFJ Financial Group, Inc | 2.193 | 02/25/25 | 7,128,949 | ||||||||||||||
2,700,000 | Mitsubishi UFJ Financial Group, Inc | 2.559 | 02/25/30 | 2,594,964 | ||||||||||||||
1,550,000 | MUFG Americas Holdings Corp | 3.500 | 06/18/22 | 1,579,588 | ||||||||||||||
4,150,000 | PNC Bank NA | 2.600 | 07/21/20 | 4,143,620 | ||||||||||||||
1,800,000 | PNC Bank NA | 2.450 | 11/05/20 | 1,803,358 | ||||||||||||||
5,050,000 | PNC Bank NA | 2.700 | 10/22/29 | 4,897,917 | ||||||||||||||
1,500,000 | PNC Financial Services Group, Inc | 3.900 | 04/29/24 | 1,601,502 | ||||||||||||||
10,000,000 | g | Royal Bank of Canada | 3.350 | 10/22/21 | 10,346,707 | |||||||||||||
5,100,000 | Royal Bank of Canada | 2.550 | 07/16/24 | 5,193,673 | ||||||||||||||
5,000,000 | Royal Bank of Scotland Group plc | 3.498 | 05/15/23 | 4,936,469 | ||||||||||||||
3,125,000 | Santander Holdings USA, Inc | 3.400 | 01/18/23 | 3,087,230 | ||||||||||||||
3,600,000 | g | Skandinaviska Enskilda Banken AB | 2.625 | 11/17/20 | 3,592,072 | |||||||||||||
6,500,000 | Sumitomo Mitsui Financial Group, Inc | 2.696 | 07/16/24 | 6,496,109 | ||||||||||||||
3,350,000 | Toronto-Dominion Bank | 1.850 | 09/11/20 | 3,345,706 | ||||||||||||||
1,300,000 | Toronto-Dominion Bank | 3.625 | 09/15/31 | 1,292,733 | ||||||||||||||
1,675,000 | Truist Bank | 3.525 | 10/26/21 | 1,676,433 | ||||||||||||||
570,000 | Truist Bank | 2.450 | 08/01/22 | 571,169 | ||||||||||||||
1,075,000 | Truist Bank | 2.750 | 05/01/23 | 1,088,268 | ||||||||||||||
10,000,000 | Truist Bank | 3.689 | 08/02/24 | 10,373,829 | ||||||||||||||
2,250,000 | Truist Bank | 2.150 | 12/06/24 | 2,228,761 | ||||||||||||||
2,500,000 | g | Turkiye Garanti Bankasi AS. | 6.125 | 05/24/27 | 1,987,500 | |||||||||||||
3,050,000 | g | UBS Group AG. | 3.126 | 08/13/30 | 2,975,735 | |||||||||||||
1,400,000 | g | United Overseas Bank Ltd | 3.750 | 04/15/29 | 1,452,106 | |||||||||||||
9,100,000 | Wells Fargo Bank NA | 3.325 | 07/23/21 | 9,114,885 | ||||||||||||||
17,400,000 | Wells Fargo Bank NA | 2.082 | 09/09/22 | 17,317,723 | ||||||||||||||
3,875,000 | Westpac Banking Corp | 4.110 | 07/24/34 | 3,760,417 | ||||||||||||||
TOTAL BANKS | $ | 564,579,744 | ||||||||||||||||
150 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
CAPITAL GOODS - 1.1% | ||||||||||||||||||
2,000,000 | g | Adaro Indonesia PT | 4.250 | % | 10/31/24 | 1,631,000 | ||||||||||||
450,000 | Anixter, Inc | 6.000 | 12/01/25 | 440,437 | ||||||||||||||
500,000 | g | Beacon Escrow Corp | 4.875 | 11/01/25 | 451,250 | |||||||||||||
200,000 | g | Beacon Roofing Supply, Inc | 4.500 | 11/15/26 | 184,560 | |||||||||||||
2,000,000 | g | BOC Aviation Ltd | 3.000 | 09/11/29 | 1,959,260 | |||||||||||||
3,850,000 | g | Carrier Global Corp | 2.722 | 02/15/30 | 3,542,356 | |||||||||||||
225,000 | g | Cloud Crane LLC | 10.125 | 08/01/24 | 177,187 | |||||||||||||
232,000 | General Electric Co | 6.875 | 01/10/39 | 289,439 | ||||||||||||||
1,250,000 | g | Gold Fields Orogen Holdings BVI Ltd | 6.125 | 05/15/29 | 1,181,250 | |||||||||||||
2,500,000 | Illinois Tool Works, Inc | 2.650 | 11/15/26 | 2,527,966 | ||||||||||||||
500,000 | Ingersoll-Rand Global Holding Co Ltd | 3.750 | 08/21/28 | 507,513 | ||||||||||||||
4,005,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.800 | 03/21/29 | 4,049,229 | ||||||||||||||
7,000,000 | John Deere Capital Corp | 3.650 | 10/12/23 | 7,379,579 | ||||||||||||||
640,000 | John Deere Capital Corp | 2.650 | 06/24/24 | 630,095 | ||||||||||||||
1,350,000 | Lam Research Corp | 3.750 | 03/15/26 | 1,432,284 | ||||||||||||||
1,525,000 | Lam Research Corp | 4.000 | 03/15/29 | 1,731,631 | ||||||||||||||
2,075,000 | Lockheed Martin Corp | 2.500 | 11/23/20 | 2,079,744 | ||||||||||||||
�� | 2,503,000 | g | Molex Electronic Technologies LLC | 3.900 | 04/15/25 | 2,693,781 | ||||||||||||
1,600,000 | Mosaic Co | 4.875 | 11/15/41 | 1,290,416 | ||||||||||||||
2,800,000 | g | NBM US Holdings, Inc | 6.625 | 08/06/29 | 2,520,000 | |||||||||||||
5,775,000 | Northrop Grumman Corp | 3.250 | 01/15/28 | 6,058,854 | ||||||||||||||
1,950,000 | g | Otis Worldwide Corp | 2.565 | 02/15/30 | 1,888,639 | |||||||||||||
10,825,000 | Parker-Hannifin Corp | 3.250 | 06/14/29 | 10,923,204 | ||||||||||||||
2,500,000 | Roper Technologies, Inc | 3.800 | 12/15/26 | 2,570,443 | ||||||||||||||
850,000 | Roper Technologies, Inc | 4.200 | 09/15/28 | 915,171 | ||||||||||||||
1,000,000 | Roper Technologies, Inc | 2.950 | 09/15/29 | 993,642 | ||||||||||||||
500,000 | TransDigm UK Holdings plc | 6.875 | 05/15/26 | 465,000 | ||||||||||||||
250,000 | Trimble, Inc | 4.900 | 06/15/28 | 269,274 | ||||||||||||||
845,000 | United Technologies Corp | 3.650 | 08/16/23 | 888,454 | ||||||||||||||
6,975,000 | United Technologies Corp | 4.125 | 11/16/28 | 7,699,730 | ||||||||||||||
5,000,000 | United Technologies Corp | 4.500 | 06/01/42 | 5,806,418 | ||||||||||||||
TOTAL CAPITAL GOODS | 75,177,806 | |||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.5% | ||||||||||||||||||
500,000 | ADT Corp | 4.125 | 06/15/23 | 488,745 | ||||||||||||||
1,000,000 | AECOM | 5.125 | 03/15/27 | 900,000 | ||||||||||||||
325,000 | g | ASGN, Inc | 4.625 | 05/15/28 | 304,687 | |||||||||||||
2,072,492 | g | British Airways | 3.800 | 09/20/31 | 1,865,243 | |||||||||||||
125,000 | g | GFL Environmental, Inc | 5.125 | 12/15/26 | 121,875 | |||||||||||||
1,500,000 | g,i | Nakama Re Ltd | LIBOR 6 M + 2.200% | 2.912 | 10/13/21 | 1,452,000 | ||||||||||||
2,125,000 | g | Prime Security Services Borrower LLC | 5.750 | 04/15/26 | 2,082,500 | |||||||||||||
705,000 | g | Prime Security Services Borrower LLC | 6.250 | 01/15/28 | 608,063 | |||||||||||||
3,400,000 | Republic Services, Inc | 3.550 | 06/01/22 | 3,488,041 | ||||||||||||||
2,225,000 | Republic Services, Inc | 2.900 | 07/01/26 | 2,248,987 | ||||||||||||||
100,000 | g | Ritchie Bros Auctioneers, Inc | 5.375 | 01/15/25 | 101,000 | |||||||||||||
650,000 | United Rentals North America, Inc | 5.500 | 07/15/25 | 637,000 | ||||||||||||||
1,000,000 | United Rentals North America, Inc | 5.875 | 09/15/26 | 1,012,800 | ||||||||||||||
580,000 | Visa, Inc | 3.150 | 12/14/25 | 631,836 | ||||||||||||||
4,725,000 | Visa, Inc | 2.050 | 04/15/30 | 4,718,149 | ||||||||||||||
900,000 | Visa, Inc | 2.700 | 04/15/40 | 893,376 | ||||||||||||||
1,800,000 | Waste Management, Inc | 2.900 | 09/15/22 | 1,807,571 |
151 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 1,550,000 | Waste Management, Inc | 2.950 | % | 06/15/24 | $ | 1,576,045 | |||||||||||
3,025,000 | Waste Management, Inc | 3.150 | 11/15/27 | 3,125,073 | ||||||||||||||
8,075,000 | Waste Management, Inc | 3.450 | 06/15/29 | 8,641,227 | ||||||||||||||
550,000 | Waste Management, Inc | 4.100 | 03/01/45 | 610,088 | ||||||||||||||
1,475,000 | Waste Management, Inc | 4.150 | 07/15/49 | 1,696,236 | ||||||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 39,010,542 | |||||||||||||||||
CONSUMER DURABLES & APPAREL - 0.0% | ||||||||||||||||||
750,000 | Leggett & Platt, Inc | 4.400 | 03/15/29 | 774,251 | ||||||||||||||
800,000 | Lennar Corp | 4.500 | 04/30/24 | 782,432 | ||||||||||||||
650,000 | g | LGI Homes, Inc | 6.875 | 07/15/26 | 565,500 | |||||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 2,122,183 | |||||||||||||||||
CONSUMER SERVICES - 0.4% | ||||||||||||||||||
16,500,000 | Anheuser-Busch Cos LLC | 3.650 | 02/01/26 | 17,329,133 | ||||||||||||||
5,500,000 | Anheuser-Busch Cos LLC | 4.900 | 02/01/46 | 6,003,289 | ||||||||||||||
200,000 | Boyd Gaming Corp | 6.375 | 04/01/26 | 173,000 | ||||||||||||||
540,000 | Boyd Gaming Corp | 6.000 | 08/15/26 | 464,400 | ||||||||||||||
540,000 | g | International Game Technology plc | 6.250 | 01/15/27 | 469,800 | |||||||||||||
1,400,000 | Sands China Ltd | 5.400 | 08/08/28 | 1,311,814 | ||||||||||||||
100,000 | g | Yum! Brands, Inc | 7.750 | 04/01/25 | 105,000 | |||||||||||||
TOTAL CONSUMER SERVICES | 25,856,436 | |||||||||||||||||
DIVERSIFIED FINANCIALS - 3.9% | ||||||||||||||||||
600,000 | AerCap Ireland Capital DAC | 5.000 | 10/01/21 | 538,225 | ||||||||||||||
4,100,000 | AerCap Ireland Capital DAC | 3.650 | 07/21/27 | 3,177,465 | ||||||||||||||
1,775,000 | American Express Co | 2.500 | 08/01/22 | 1,805,677 | ||||||||||||||
710,000 | American Express Co | 2.650 | 12/02/22 | 718,212 | ||||||||||||||
1,250,000 | American Express Co | 3.700 | 08/03/23 | 1,313,258 | ||||||||||||||
2,000,000 | American Express Credit Corp | 3.300 | 05/03/27 | 2,107,583 | ||||||||||||||
1,700,000 | Ameriprise Financial, Inc | 3.000 | 03/22/22 | 1,720,887 | ||||||||||||||
1,750,000 | Australia & New Zealand Banking Group Ltd | 2.625 | 05/19/22 | 1,775,364 | ||||||||||||||
2,000,000 | g | Banco BTG Pactual S.A. | 4.500 | 01/10/25 | 1,740,000 | |||||||||||||
3,750,000 | Bank of Montreal | 3.803 | 12/15/32 | 3,642,394 | ||||||||||||||
455,000 | g | BBVA Bancomer S.A. | 5.350 | 11/12/29 | 414,050 | |||||||||||||
2,850,000 | g | BBVA Bancomer S.A. | 5.125 | 01/18/33 | 2,359,800 | |||||||||||||
1,740,000 | Berkshire Hathaway, Inc | 3.125 | 03/15/26 | 1,864,314 | ||||||||||||||
5,550,000 | g | BNP Paribas S.A. | 2.819 | 11/19/25 | 5,483,039 | |||||||||||||
3,650,000 | g | BNP Paribas S.A. | 3.052 | 01/13/31 | 3,458,702 | |||||||||||||
7,868,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 7,697,658 | ||||||||||||||
3,000,000 | Capital One Bank USA NA | 2.280 | 01/28/26 | 2,716,739 | ||||||||||||||
2,490,000 | Capital One Financial Corp | 3.750 | 03/09/27 | 2,437,483 | ||||||||||||||
1,900,000 | g | Comcel Trust | 6.875 | 02/06/24 | 1,843,019 | |||||||||||||
2,500,000 | g | Credit Suisse Group AG. | 2.997 | 12/14/23 | 2,433,681 | |||||||||||||
2,475,000 | g | Credit Suisse Group AG. | 4.282 | 01/09/28 | 2,534,561 | |||||||||||||
3,950,000 | Credit Suisse Group Funding Guernsey Ltd | 3.800 | 06/09/23 | 4,039,855 | ||||||||||||||
1,650,000 | Credit Suisse Group Funding Guernsey Ltd | 3.750 | 03/26/25 | 1,667,223 | ||||||||||||||
545,000 | Discover Financial Services | 5.200 | 04/27/22 | 566,052 | ||||||||||||||
2,075,000 | Ford Motor Credit Co LLC | 3.096 | 05/04/23 | 1,836,375 | ||||||||||||||
5,000,000 | Ford Motor Credit Co LLC | 3.664 | 09/08/24 | 4,450,000 | ||||||||||||||
5,640,000 | GE Capital International Funding Co | 2.342 | 11/15/20 | 5,608,077 | ||||||||||||||
7,700,000 | GE Capital International Funding Co | 3.373 | 11/15/25 | 7,739,893 | ||||||||||||||
10,280,000 | GE Capital International Funding Co | 4.418 | 11/15/35 | 11,106,208 |
152 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 8,625,000 | General Motors Financial Co, Inc | 5.650 | % | 01/17/29 | $ | 7,726,035 | |||||||||||
1,280,000 | Goldman Sachs Group, Inc | 5.750 | 01/24/22 | 1,358,106 | ||||||||||||||
5,000,000 | Goldman Sachs Group, Inc | 3.625 | 02/20/24 | 5,173,421 | ||||||||||||||
4,650,000 | Goldman Sachs Group, Inc | 3.500 | 01/23/25 | 4,766,998 | ||||||||||||||
17,100,000 | Goldman Sachs Group, Inc | 3.691 | 06/05/28 | 17,572,811 | ||||||||||||||
6,800,000 | Goldman Sachs Group, Inc | 2.600 | 02/07/30 | 6,389,002 | ||||||||||||||
360,000 | Goldman Sachs Group, Inc | 6.750 | 10/01/37 | 484,139 | ||||||||||||||
1,900,000 | Goldman Sachs Group, Inc | 4.017 | 10/31/38 | 1,907,949 | ||||||||||||||
600,000 | Goldman Sachs Group, Inc | 4.800 | 07/08/44 | 706,952 | ||||||||||||||
1,675,000 | g | Grupo Aval Ltd | 4.375 | 02/04/30 | 1,344,187 | |||||||||||||
500,000 | Icahn Enterprises LP | 4.750 | 09/15/24 | 458,750 | ||||||||||||||
925,000 | Icahn Enterprises LP | 5.250 | 05/15/27 | 854,469 | ||||||||||||||
4,875,000 | g | ICICI Bank Ltd | 3.800 | 12/14/27 | 4,428,726 | |||||||||||||
1,900,000 | International Lease Finance Corp | 5.875 | 08/15/22 | 1,698,548 | ||||||||||||||
500,000 | g | Jefferies Finance LLC | 6.250 | 06/03/26 | 462,500 | |||||||||||||
475,000 | Legg Mason, Inc | 3.950 | 07/15/24 | 471,390 | ||||||||||||||
2,400,000 | Morgan Stanley | 3.125 | 01/23/23 | 2,454,626 | ||||||||||||||
13,395,000 | Morgan Stanley | 2.720 | 07/22/25 | 13,560,817 | ||||||||||||||
1,040,000 | Morgan Stanley | 4.000 | 07/23/25 | 1,113,052 | ||||||||||||||
14,325,000 | Morgan Stanley | 3.125 | 07/27/26 | 14,807,649 | ||||||||||||||
100,000 | Morgan Stanley | 3.625 | 01/20/27 | 105,705 | ||||||||||||||
685,000 | Morgan Stanley | 3.950 | 04/23/27 | 713,669 | ||||||||||||||
16,500,000 | Morgan Stanley | 2.699 | 01/22/31 | 16,146,311 | ||||||||||||||
4,200,000 | Morgan Stanley | 5.597 | 03/24/51 | 5,932,377 | ||||||||||||||
2,000,000 | National Rural Utilities Cooperative Finance Corp | 3.400 | 02/07/28 | 2,072,868 | ||||||||||||||
2,475,000 | g | Power Finance Corp Ltd | 3.950 | 04/23/30 | 2,086,920 | |||||||||||||
775,000 | g | Quicken Loans, Inc | 5.250 | 01/15/28 | 757,795 | |||||||||||||
7,400,000 | Shire Acquisitions Investments Ireland DAC | 3.200 | 09/23/26 | 7,568,174 | ||||||||||||||
550,000 | Springleaf Finance Corp | 5.375 | 11/15/29 | 503,536 | ||||||||||||||
550,000 | State Street Corp | 3.300 | 12/16/24 | 578,323 | ||||||||||||||
1,100,000 | g | Swiss Re Finance Luxembourg SA | 5.000 | 04/02/49 | 1,115,733 | |||||||||||||
4,800,000 | Synchrony Financial | 4.250 | 08/15/24 | 4,621,544 | ||||||||||||||
1,050,000 | g | UBS AG. | 2.450 | 12/01/20 | 1,046,140 | |||||||||||||
5,075,000 | g | UBS Group AG. | 2.859 | 08/15/23 | 5,031,036 | |||||||||||||
3,075,000 | Unilever Capital Corp | 2.900 | 05/05/27 | 3,259,910 | ||||||||||||||
3,650,000 | Wells Fargo & Co | 3.750 | 01/24/24 | 3,864,131 | ||||||||||||||
3,425,000 | Wells Fargo & Co | 3.550 | 09/29/25 | 3,612,377 | ||||||||||||||
6,050,000 | Wells Fargo & Co | 3.000 | 04/22/26 | 6,227,166 | ||||||||||||||
11,650,000 | Wells Fargo & Co | 2.879 | 10/30/30 | 11,552,481 | ||||||||||||||
3,000,000 | Wells Fargo & Co | 5.875 | N/A‡ | 3,045,000 | ||||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 256,377,117 | |||||||||||||||||
ENERGY - 2.8% | ||||||||||||||||||
1,450,000 | g | Abu Dhabi Crude Oil Pipeline LLC | 4.600 | 11/02/47 | 1,449,179 | |||||||||||||
1,075,000 | AmeriGas Partners LP | 5.875 | 08/20/26 | 1,029,635 | ||||||||||||||
175,000 | g | Antero Midstream Partners LP | 5.750 | 03/01/27 | 112,000 | |||||||||||||
1,425,000 | Archrock Partners LP | 6.000 | 10/01/22 | 1,425,000 | ||||||||||||||
5,550,000 | BP Capital Markets America, Inc | 3.000 | 02/24/50 | 5,159,838 | ||||||||||||||
335,000 | BP Capital Markets plc | 2.520 | 09/19/22 | 331,631 | ||||||||||||||
74,000 | †,g | California Resources Corp | 8.000 | 12/15/22 | 1,110 | |||||||||||||
58,000 | † | California Resources Corp | 6.000 | 11/15/24 | 1,160 | |||||||||||||
1,000,000 | Cheniere Energy Partners LP | 5.625 | 10/01/26 | 930,000 |
153 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 565,000 | Chevron Corp | 2.355 | % | 12/05/22 | $ | 572,580 | |||||||||||
1,125,000 | Crestwood Midstream Partners LP | 5.750 | 04/01/25 | 644,130 | ||||||||||||||
1,500,000 | g | Denbury Resources, Inc | 7.750 | 02/15/24 | 225,300 | |||||||||||||
5,075,000 | Diamondback Energy, Inc | 2.875 | 12/01/24 | 3,545,436 | ||||||||||||||
3,625,000 | Diamondback Energy, Inc | 3.250 | 12/01/26 | 2,558,230 | ||||||||||||||
2,000,000 | Ecopetrol S.A. | 5.375 | 06/26/26 | 1,944,000 | ||||||||||||||
1,850,000 | Ecopetrol S.A. | 5.875 | 05/28/45 | 1,639,119 | ||||||||||||||
4,175,000 | Enbridge, Inc | 3.125 | 11/15/29 | 3,858,351 | ||||||||||||||
2,300,000 | Energy Transfer Operating LP | 2.900 | 05/15/25 | 1,942,093 | ||||||||||||||
4,775,000 | Energy Transfer Operating LP | 4.750 | 01/15/26 | 4,219,276 | ||||||||||||||
8,000,000 | Energy Transfer Operating LP | 5.250 | 04/15/29 | 6,774,290 | ||||||||||||||
5,250,000 | Energy Transfer Operating LP | 3.750 | 05/15/30 | 4,112,037 | ||||||||||||||
4,100,000 | Energy Transfer Operating LP | 6.250 | 04/15/49 | 3,469,872 | ||||||||||||||
5,625,000 | Energy Transfer Operating LP | 5.000 | 05/15/50 | 4,342,064 | ||||||||||||||
1,250,000 | Enterprise Products Operating LLC | 3.700 | 02/15/26 | 1,247,607 | ||||||||||||||
2,700,000 | Enterprise Products Operating LLC | 3.125 | 07/31/29 | 2,487,342 | ||||||||||||||
350,000 | Enterprise Products Operating LLC | 2.800 | 01/31/30 | 318,018 | ||||||||||||||
3,000,000 | Enterprise Products Operating LLC | 4.900 | 05/15/46 | 2,887,630 | ||||||||||||||
1,425,000 | Enterprise Products Operating LLC | 4.250 | 02/15/48 | 1,330,871 | ||||||||||||||
2,200,000 | Enterprise Products Operating LLC | 4.800 | 02/01/49 | 2,202,496 | ||||||||||||||
1,800,000 | Enterprise Products Operating LLC | 4.200 | 01/31/50 | 1,685,436 | ||||||||||||||
6,600,000 | Enterprise Products Operating LLC | 3.700 | 01/31/51 | 5,889,655 | ||||||||||||||
2,625,000 | Enterprise Products Operating LLC | 3.950 | 01/31/60 | 2,209,112 | ||||||||||||||
1,500,000 | g | Gazprom OAO Via Gaz Capital S.A. | 5.150 | 02/11/26 | 1,566,579 | |||||||||||||
1,100,000 | Genesis Energy LP | 6.500 | 10/01/25 | 795,080 | ||||||||||||||
3,000,000 | g | Geopark Ltd | 5.500 | 01/17/27 | 1,425,000 | |||||||||||||
1,200,000 | g | KazMunayGas National Co JSC | 5.375 | 04/24/30 | 1,175,416 | |||||||||||||
1,250,000 | Kinder Morgan Energy Partners LP | 5.400 | 09/01/44 | 1,242,358 | ||||||||||||||
535,000 | Kinder Morgan, Inc | 5.300 | 12/01/34 | 515,713 | ||||||||||||||
8,600,000 | Marathon Oil Corp | 4.400 | 07/15/27 | 5,741,663 | ||||||||||||||
11,590,000 | Marathon Petroleum Corp | 3.800 | 04/01/28 | 10,443,924 | ||||||||||||||
1,000,000 | Marathon Petroleum Corp | 4.750 | 09/15/44 | 761,081 | ||||||||||||||
90,000 | g | MPLX LP | 6.375 | 05/01/24 | 85,535 | |||||||||||||
550,000 | g | MPLX LP | 5.250 | 01/15/25 | 484,113 | |||||||||||||
270,000 | MPLX LP | 4.875 | 06/01/25 | 222,348 | ||||||||||||||
5,400,000 | MPLX LP | 4.000 | 03/15/28 | 4,799,130 | ||||||||||||||
5,925,000 | MPLX LP | 4.500 | 04/15/38 | 4,630,788 | ||||||||||||||
2,175,000 | MPLX LP | 4.700 | 04/15/48 | 1,683,734 | ||||||||||||||
1,192,000 | Murphy Oil Corp | 5.875 | 12/01/27 | 623,178 | ||||||||||||||
200,000 | Murphy Oil USA, Inc | 5.625 | 05/01/27 | 195,960 | ||||||||||||||
300,000 | Noble Energy, Inc | 3.900 | 11/15/24 | 247,477 | ||||||||||||||
1,400,000 | Noble Energy, Inc | 3.850 | 01/15/28 | 991,117 | ||||||||||||||
2,700,000 | Noble Energy, Inc | 5.050 | 11/15/44 | 1,667,701 | ||||||||||||||
500,000 | NuStar Logistics LP | 6.000 | 06/01/26 | 370,000 | ||||||||||||||
2,000,000 | Occidental Petroleum Corp | 3.500 | 06/15/25 | 1,027,947 | ||||||||||||||
475,000 | Occidental Petroleum Corp | 5.550 | 03/15/26 | 253,323 | ||||||||||||||
1,975,000 | Occidental Petroleum Corp | 4.300 | 08/15/39 | 839,765 | ||||||||||||||
2,300,000 | ONEOK, Inc | 4.000 | 07/13/27 | 1,893,253 | ||||||||||||||
4,750,000 | ONEOK, Inc | 4.350 | 03/15/29 | 3,872,870 | ||||||||||||||
9,730,000 | ONEOK, Inc | 3.400 | 09/01/29 | 7,270,823 | ||||||||||||||
2,750,000 | ONEOK, Inc | 3.100 | 03/15/30 | 2,067,519 | ||||||||||||||
2,750,000 | ONEOK, Inc | 4.500 | 03/15/50 | 2,070,558 | ||||||||||||||
850,000 | g | Pertamina Persero PT | 3.650 | 07/30/29 | 778,506 | |||||||||||||
2,000,000 | g | Pertamina Persero PT | 5.625 | 05/20/43 | 2,020,544 |
154 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 2,425,000 | g | Peru LNG Srl | 5.375 | % | 03/22/30 | $ | 1,430,750 | ||||||||||
1,167,000 | Petrobras Global Finance BV | 5.999 | 01/27/28 | 1,130,240 | ||||||||||||||
326,000 | g | Petrobras Global Finance BV | 5.093 | 01/15/30 | 297,475 | |||||||||||||
2,000,000 | Petrobras Global Finance BV | 6.900 | 03/19/49 | 1,949,800 | ||||||||||||||
2,550,000 | Petroleos Mexicanos | 6.500 | 03/13/27 | 1,887,255 | ||||||||||||||
2,100,000 | Petroleos Mexicanos | 5.350 | 02/12/28 | 1,449,000 | ||||||||||||||
2,700,000 | g | Petroleos Mexicanos | 5.950 | 01/28/31 | 1,856,520 | |||||||||||||
6,000,000 | Phillips 66 | 3.900 | 03/15/28 | 5,932,296 | ||||||||||||||
5,000,000 | Phillips 66 Partners LP | 3.750 | 03/01/28 | 4,673,469 | ||||||||||||||
1,925,000 | Phillips 66 Partners LP | 3.150 | 12/15/29 | 1,577,548 | ||||||||||||||
775,000 | Phillips 66 Partners LP | 4.680 | 02/15/45 | 634,580 | ||||||||||||||
450,000 | Regency Energy Partners LP | 4.500 | 11/01/23 | 407,625 | ||||||||||||||
270,000 | Sabine Pass Liquefaction LLC | 5.875 | 06/30/26 | 257,161 | ||||||||||||||
3,125,000 | Sabine Pass Liquefaction LLC | 4.200 | 03/15/28 | 2,683,784 | ||||||||||||||
1,325,000 | Shell International Finance BV | 2.875 | 05/10/26 | 1,365,503 | ||||||||||||||
1,750,000 | Shell International Finance BV | 3.125 | 11/07/49 | 1,745,906 | ||||||||||||||
625,000 | SM Energy Co | 6.625 | 01/15/27 | 181,916 | ||||||||||||||
800,000 | Southwestern Energy Co | 7.500 | 04/01/26 | 524,000 | ||||||||||||||
790,000 | g | Stena AB | 7.000 | 02/01/24 | 639,900 | |||||||||||||
1,975,000 | Sunoco Logistics Partners Operations LP | 4.000 | 10/01/27 | 1,563,174 | ||||||||||||||
450,000 | Sunoco Logistics Partners Operations LP | 5.400 | 10/01/47 | 357,292 | ||||||||||||||
1,500,000 | Sunoco LP | 6.000 | 04/15/27 | 1,290,000 | ||||||||||||||
125,000 | Targa Resources Partners LP | 5.125 | 02/01/25 | 106,550 | ||||||||||||||
475,000 | Targa Resources Partners LP | 5.875 | 04/15/26 | 395,438 | ||||||||||||||
300,000 | Targa Resources Partners LP | 6.500 | 07/15/27 | 255,750 | ||||||||||||||
10,800,000 | TransCanada PipeLines Ltd | 4.250 | 05/15/28 | 11,032,215 | ||||||||||||||
208,750 | g | Transocean Guardian Ltd | 5.875 | 01/15/24 | 167,000 | |||||||||||||
1,500,000 | †,g | Tullow Oil plc | 7.000 | 03/01/25 | 375,000 | |||||||||||||
1,260,000 | USA Compression Partners LP | 6.875 | 04/01/26 | 787,500 | ||||||||||||||
500,000 | USA Compression Partners LP | 6.875 | 09/01/27 | 310,000 | ||||||||||||||
480,000 | Vale Overseas Ltd | 6.875 | 11/21/36 | 533,045 | ||||||||||||||
850,000 | Williams Partners LP | 3.750 | 06/15/27 | 779,292 | ||||||||||||||
2,100,000 | g | YPF S.A. | 6.950 | 07/21/27 | 1,082,130 | |||||||||||||
TOTAL ENERGY | 181,966,615 | |||||||||||||||||
FOOD & STAPLES RETAILING - 1.7% | ||||||||||||||||||
5,000,000 | CVS Health Corp | 3.700 | 03/09/23 | 5,204,940 | ||||||||||||||
8,850,000 | CVS Health Corp | 2.625 | 08/15/24 | 8,876,502 | ||||||||||||||
13,200,000 | CVS Health Corp | 4.100 | 03/25/25 | 13,891,903 | ||||||||||||||
495,000 | CVS Health Corp | 3.875 | 07/20/25 | 511,456 | ||||||||||||||
5,425,000 | CVS Health Corp | 2.875 | 06/01/26 | 5,465,216 | ||||||||||||||
13,145,000 | CVS Health Corp | 4.300 | 03/25/28 | 13,960,039 | ||||||||||||||
4,050,000 | CVS Health Corp | 3.750 | 04/01/30 | 4,190,490 | ||||||||||||||
2,250,000 | CVS Health Corp | 4.780 | 03/25/38 | 2,471,087 | ||||||||||||||
4,750,000 | CVS Health Corp | 5.050 | 03/25/48 | 5,394,128 | ||||||||||||||
1,900,000 | CVS Health Corp | 4.250 | 04/01/50 | 1,975,297 | ||||||||||||||
1,246,000 | Ingles Markets, Inc | 5.750 | 06/15/23 | 1,239,770 | ||||||||||||||
1,750,000 | Kroger Co | 3.700 | 08/01/27 | 1,875,501 | ||||||||||||||
3,000,000 | Kroger Co | 3.875 | 10/15/46 | 2,941,195 | ||||||||||||||
575,000 | Kroger Co | 4.450 | 02/01/47 | 632,253 | ||||||||||||||
730,000 | SYSCO Corp | 3.750 | 10/01/25 | 727,699 | ||||||||||||||
515,000 | Walgreen Co | 3.100 | 09/15/22 | 515,903 | ||||||||||||||
15,000,000 | Walmart, Inc | 3.400 | 06/26/23 | 15,953,017 |
155 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 11,550,000 | Walmart, Inc | 3.700 | % | 06/26/28 | $ | 12,984,915 | |||||||||||
5,000,000 | Walmart, Inc | 3.250 | 07/08/29 | 5,500,314 | ||||||||||||||
6,900,000 | Walmart, Inc | 2.375 | 09/24/29 | 7,155,382 | ||||||||||||||
2,175,000 | Walmart, Inc | 3.950 | 06/28/38 | 2,567,221 | ||||||||||||||
TOTAL FOOD & STAPLES RETAILING | 114,034,228 | |||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 1.0% | ||||||||||||||||||
2,775,000 | Altria Group, Inc | 4.800 | 02/14/29 | 2,903,557 | ||||||||||||||
2,700,000 | Altria Group, Inc | 5.950 | 02/14/49 | 3,141,380 | ||||||||||||||
1,416,000 | Anheuser-Busch InBev Finance, Inc | 3.300 | 02/01/23 | 1,457,066 | ||||||||||||||
13,260,000 | Anheuser-Busch InBev Worldwide, Inc | 4.750 | 01/23/29 | 14,578,052 | ||||||||||||||
1,260,000 | Anheuser-Busch InBev Worldwide, Inc | 4.439 | 10/06/48 | 1,287,074 | ||||||||||||||
2,700,000 | BAT Capital Corp | 4.906 | 04/02/30 | 2,769,616 | ||||||||||||||
1,275,000 | g | BRF S.A. | 4.875 | 01/24/30 | 1,071,000 | |||||||||||||
1,350,000 | Coca-Cola Co | 3.375 | 03/25/27 | 1,490,466 | ||||||||||||||
750,000 | Constellation Brands, Inc | 4.400 | 11/15/25 | 756,618 | ||||||||||||||
2,775,000 | Constellation Brands, Inc | 3.700 | 12/06/26 | 2,772,946 | ||||||||||||||
1,850,000 | Constellation Brands, Inc | 3.600 | 02/15/28 | 1,810,200 | ||||||||||||||
1,150,000 | Constellation Brands, Inc | 3.150 | 08/01/29 | 1,072,195 | ||||||||||||||
2,500,000 | g | Cosan Ltd | 5.500 | 09/20/29 | 2,031,250 | |||||||||||||
2,750,000 | Diageo Capital plc | 2.125 | 10/24/24 | 2,682,086 | ||||||||||||||
4,075,000 | Diageo Capital plc | 2.375 | 10/24/29 | 3,920,249 | ||||||||||||||
1,875,000 | g | Embotelladora Andina S.A. | 3.950 | 01/21/50 | 1,593,769 | |||||||||||||
5,000,000 | General Mills, Inc | 3.700 | 10/17/23 | 5,089,104 | ||||||||||||||
625,000 | General Mills, Inc | 2.875 | 04/15/30 | 623,750 | ||||||||||||||
2,000,000 | g | Grupo Bimbo SAB de C.V. | 4.700 | 11/10/47 | 1,886,220 | |||||||||||||
800,000 | JM Smucker Co | 2.375 | 03/15/30 | 737,350 | ||||||||||||||
2,225,000 | JM Smucker Co | 3.550 | 03/15/50 | 2,029,208 | ||||||||||||||
5,000,000 | Kellogg Co | 3.400 | 11/15/27 | 5,163,226 | ||||||||||||||
2,000,000 | g | Kernel Holding S.A. | 6.500 | 10/17/24 | 1,506,206 | |||||||||||||
1,100,000 | PepsiCo, Inc | 3.450 | 10/06/46 | 1,236,514 | ||||||||||||||
200,000 | Philip Morris International, Inc | 6.375 | 05/16/38 | 272,347 | ||||||||||||||
1,150,000 | Tyson Foods, Inc | 3.900 | 09/28/23 | 1,222,856 | ||||||||||||||
395,000 | Tyson Foods, Inc | 4.000 | 03/01/26 | 417,839 | ||||||||||||||
1,500,000 | Tyson Foods, Inc | 3.550 | 06/02/27 | 1,554,204 | ||||||||||||||
2,525,000 | Tyson Foods, Inc | 5.100 | 09/28/48 | 3,132,785 | ||||||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 70,209,133 | |||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.8% | ||||||||||||||||||
630,000 | Anthem, Inc | 3.125 | 05/15/22 | 640,792 | ||||||||||||||
4,250,000 | Anthem, Inc | 3.650 | 12/01/27 | 4,388,841 | ||||||||||||||
3,488,000 | Becton Dickinson & Co | 3.700 | 06/06/27 | 3,544,616 | ||||||||||||||
2,100,000 | Boston Scientific Corp | 4.000 | 03/01/29 | 2,222,588 | ||||||||||||||
400,000 | g | Centene Corp | 5.375 | 08/15/26 | 408,000 | |||||||||||||
1,800,000 | Children’s Hospital Medic | 4.268 | 05/15/44 | 2,115,802 | ||||||||||||||
2,700,000 | Cigna Corp | 2.400 | 03/15/30 | 2,554,011 | ||||||||||||||
2,550,000 | Cigna Corp | 3.200 | 03/15/40 | 2,335,442 | ||||||||||||||
750,000 | Covidien International Finance S.A. | 3.200 | 06/15/22 | 775,361 | ||||||||||||||
1,370,000 | Dartmouth-Hitchcock Health | 4.178 | 08/01/48 | 1,509,496 | ||||||||||||||
2,000,000 | HCA, Inc | 5.375 | 02/01/25 | 2,034,980 | ||||||||||||||
2,815,000 | HCA, Inc | 5.625 | 09/01/28 | 2,946,460 | ||||||||||||||
4,900,000 | HCA, Inc | 5.500 | 06/15/47 | 5,336,235 | ||||||||||||||
6,900,000 | g | SBA Tower Trust | 2.836 | 01/15/25 | 6,664,709 | |||||||||||||
450,000 | Tenet Healthcare Corp | 8.125 | 04/01/22 | 425,250 |
156 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 825,000 | Tenet Healthcare Corp | 4.625 | % | 07/15/24 | $ | 785,813 | |||||||||||
1,500,000 | Thermo Fisher Scientific, Inc | 4.133 | 03/25/25 | 1,607,261 | ||||||||||||||
2,640,000 | Thermo Fisher Scientific, Inc | 2.950 | 09/19/26 | 2,672,033 | ||||||||||||||
620,000 | UnitedHealth Group, Inc | 2.875 | 03/15/22 | 637,015 | ||||||||||||||
1,525,000 | UnitedHealth Group, Inc | 2.950 | 10/15/27 | 1,598,897 | ||||||||||||||
1,375,000 | UnitedHealth Group, Inc | 3.750 | 10/15/47 | 1,537,292 | ||||||||||||||
750,000 | Zimmer Biomet Holdings, Inc | 3.700 | 03/19/23 | 768,524 | ||||||||||||||
1,470,000 | Zimmer Biomet Holdings, Inc | 3.550 | 04/01/25 | 1,479,884 | ||||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 48,989,302 | |||||||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS - 0.0% | ||||||||||||||||||
525,000 | Ecolab, Inc | 4.800 | 03/24/30 | 597,676 | ||||||||||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 597,676 | |||||||||||||||||
INSURANCE - 1.2% | ||||||||||||||||||
285,000 | Aetna, Inc | 6.625 | 06/15/36 | 362,371 | ||||||||||||||
1,550,000 | Aflac, Inc | 3.600 | 04/01/30 | 1,569,077 | ||||||||||||||
131,000 | Aflac, Inc | 6.450 | 08/15/40 | 174,206 | ||||||||||||||
1,700,000 | Allstate Corp | 3.850 | 08/10/49 | 1,871,717 | ||||||||||||||
975,000 | American Financial Group, Inc | 3.500 | 08/15/26 | 928,086 | ||||||||||||||
620,000 | American International Group, Inc | 3.750 | 07/10/25 | 620,689 | ||||||||||||||
2,400,000 | American International Group, Inc | 3.900 | 04/01/26 | 2,500,603 | ||||||||||||||
4,725,000 | American International Group, Inc | 4.200 | 04/01/28 | 4,958,437 | ||||||||||||||
5,660,000 | Aon Corp | 3.750 | 05/02/29 | 5,970,733 | ||||||||||||||
3,740,000 | Aon plc | 3.500 | 06/14/24 | 3,905,751 | ||||||||||||||
2,500,000 | AXIS Specialty Finance LLC | 4.900 | 01/15/40 | 2,112,500 | ||||||||||||||
1,150,000 | Berkshire Hathaway Finance Corp | 1.850 | 03/12/30 | 1,117,802 | ||||||||||||||
1,500,000 | Berkshire Hathaway Finance Corp | 4.250 | 01/15/49 | 1,847,267 | ||||||||||||||
1,750,000 | g | Centene Corp | 4.250 | 12/15/27 | 1,753,325 | |||||||||||||
3,900,000 | Chubb INA Holdings, Inc | 2.875 | 11/03/22 | 3,957,768 | ||||||||||||||
1,100,000 | CNA Financial Corp | 3.950 | 05/15/24 | 1,142,719 | ||||||||||||||
1,350,000 | CNA Financial Corp | 3.450 | 08/15/27 | 1,250,400 | ||||||||||||||
400,000 | �� | CNA Financial Corp | 3.900 | 05/01/29 | 399,055 | |||||||||||||
3,770,000 | g,i | Cranberry RE Ltd | LIBOR 6 M + 1.980% | 2.324 | 07/13/20 | 3,704,025 | ||||||||||||
2,300,000 | g | Five Corners Funding Trust | 4.419 | 11/15/23 | 2,474,199 | |||||||||||||
2,750,000 | Hartford Financial Services Group, Inc | 2.800 | 08/19/29 | 2,677,083 | ||||||||||||||
350,000 | Hartford Financial Services Group, Inc | 4.300 | 04/15/43 | 363,280 | ||||||||||||||
1,675,000 | Hartford Financial Services Group, Inc | 3.600 | 08/19/49 | 1,571,573 | ||||||||||||||
1,875,000 | Humana, Inc | 3.950 | 03/15/27 | 1,907,389 | ||||||||||||||
232,000 | g | Liberty Mutual Group, Inc | 4.250 | 06/15/23 | 236,180 | |||||||||||||
818,000 | g | Liberty Mutual Group, Inc | 4.569 | 02/01/29 | 904,762 | |||||||||||||
625,000 | g | Liberty Mutual Group, Inc | 4.500 | 06/15/49 | 608,430 | |||||||||||||
750,000 | Lincoln National Corp | 4.000 | 09/01/23 | 750,133 | ||||||||||||||
850,000 | Lincoln National Corp | 3.800 | 03/01/28 | 846,342 | ||||||||||||||
5,383,000 | Markel Corp | 3.500 | 11/01/27 | 4,909,651 | ||||||||||||||
1,400,000 | Marsh & McLennan Cos, Inc | 3.500 | 06/03/24 | 1,430,284 | ||||||||||||||
600,000 | MetLife, Inc | 3.000 | 03/01/25 | 590,712 | ||||||||||||||
1,775,000 | MetLife, Inc | 3.600 | 11/13/25 | 1,856,347 | ||||||||||||||
300,000 | Principal Financial Group, Inc | 3.700 | 05/15/29 | 309,872 | ||||||||||||||
940,000 | Prudential Financial, Inc | 3.500 | 05/15/24 | 977,687 | ||||||||||||||
2,000,000 | Prudential Financial, Inc | 3.905 | 12/07/47 | 1,934,024 | ||||||||||||||
1,190,000 | g | Prudential Funding LLC | 6.750 | 09/15/23 | 1,323,113 | |||||||||||||
2,220,000 | Reinsurance Group of America, Inc | 3.900 | 05/15/29 | 2,167,524 |
157 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 525,000 | g | Swiss Re Treasury US Corp | 4.250 | % | 12/06/42 | $ | 630,637 | ||||||||||
880,000 | Verisk Analytics, Inc | 4.125 | 03/15/29 | 928,944 | ||||||||||||||
6,250,000 | g,i | Vitality Re IX Ltd | 1.610 | 01/10/22 | 5,312,500 | |||||||||||||
2,200,000 | g,i | Vitality Re X Ltd | 1.760 | 01/10/23 | 1,870,000 | |||||||||||||
650,000 | Voya Financial, Inc | 5.700 | 07/15/43 | 755,661 | ||||||||||||||
365,000 | Willis North America, Inc | 3.600 | 05/15/24 | 376,717 | ||||||||||||||
410,000 | WR Berkley Corp | 5.375 | 09/15/20 | 410,720 | ||||||||||||||
TOTAL INSURANCE | 78,270,295 | |||||||||||||||||
MATERIALS - 1.0% | ||||||||||||||||||
100,000 | g | Alcoa Nederland Holding BV | 6.750 | 09/30/24 | 96,970 | |||||||||||||
100,000 | g | Alcoa Nederland Holding BV | 7.000 | 09/30/26 | 93,000 | |||||||||||||
2,700,000 | g | Anglo American Capital plc | 5.625 | 04/01/30 | 2,740,945 | |||||||||||||
170,000 | g | Arconic Rolled Products Corp | 6.125 | 02/15/28 | 173,825 | |||||||||||||
370,000 | g | Bemis Co, Inc | 3.100 | 09/15/26 | 350,590 | |||||||||||||
2,500,000 | g | Celulosa Arauco y Constitucion S.A. | 4.250 | 04/30/29 | 2,106,250 | |||||||||||||
1,025,000 | g | Celulosa Arauco y Constitucion S.A. | 4.200 | 01/29/30 | 878,937 | |||||||||||||
2,325,000 | g | Cemex SAB de C.V. | 5.450 | 11/19/29 | 1,886,738 | |||||||||||||
1,750,000 | g | Corp Nacional del Cobre de Chile-CODELCO | 3.625 | 08/01/27 | 1,712,228 | |||||||||||||
2,000,000 | g | Corp Nacional del Cobre de Chile-CODELCO | 3.150 | 01/14/30 | 1,851,160 | |||||||||||||
1,250,000 | g | Corp Nacional del Cobre de Chile-CODELCO | 4.375 | 02/05/49 | 1,205,174 | |||||||||||||
1,000,000 | g | Corp Nacional del Cobre de Chile-CODELCO | 3.700 | 01/30/50 | 862,671 | |||||||||||||
265,000 | DowDuPont, Inc | 4.493 | 11/15/25 | 284,997 | ||||||||||||||
1,140,000 | DowDuPont, Inc | 4.725 | 11/15/28 | 1,250,462 | ||||||||||||||
4,172,000 | DowDuPont, Inc | 5.319 | 11/15/38 | 4,690,633 | ||||||||||||||
950,000 | g | Enviva Partners LP | 6.500 | 01/15/26 | 926,250 | |||||||||||||
1,075,000 | g | Industrias Penoles SAB de C.V. | 4.150 | 09/12/29 | 949,134 | |||||||||||||
3,500,000 | International Paper Co | 5.150 | 05/15/46 | 3,627,052 | ||||||||||||||
1,150,000 | International Paper Co | 4.350 | 08/15/48 | 1,113,510 | ||||||||||||||
5,125,000 | g | Inversiones CMPC S.A. | 4.375 | 04/04/27 | 4,779,114 | |||||||||||||
775,000 | g | Inversiones CMPC S.A. | 3.850 | 01/13/30 | 697,500 | |||||||||||||
500,000 | g | James Hardie International Finance DAC | 4.750 | 01/15/25 | 471,255 | |||||||||||||
675,000 | g | James Hardie International Finance DAC | 5.000 | 01/15/28 | 637,875 | |||||||||||||
2,750,000 | LYB International Finance III LLC | 4.200 | 10/15/49 | 2,698,356 | ||||||||||||||
2,700,000 | g | Midwest Connector Capital Co LLC | 3.900 | 04/01/24 | 2,520,859 | |||||||||||||
2,700,000 | g | Midwest Connector Capital Co LLC | 4.625 | 04/01/29 | 2,602,469 | |||||||||||||
2,000,000 | Newmont Corp | 2.250 | 10/01/30 | 1,841,821 | ||||||||||||||
5,305,000 | Newmont Goldcorp Corp | 3.625 | 06/09/21 | 5,370,425 | ||||||||||||||
2,000,000 | g | Nova Chemicals Corp | 4.875 | 06/01/24 | 1,755,000 | |||||||||||||
1,725,000 | Nutrien Ltd | 3.375 | 03/15/25 | 1,756,632 | ||||||||||||||
1,440,000 | g | OCI NV | 6.625 | 04/15/23 | 1,309,819 | |||||||||||||
2,000,000 | g | OCP S.A. | 4.500 | 10/22/25 | 1,886,142 | |||||||||||||
720,000 | g | Owens-Brockway Glass Container, Inc | 5.875 | 08/15/23 | 705,600 | |||||||||||||
480,000 | Packaging Corp of America | 3.650 | 09/15/24 | 515,391 | ||||||||||||||
1,550,000 | g | SABIC Capital II BV | 4.000 | 10/10/23 | 1,537,753 | |||||||||||||
1,075,000 | SASOL Financing USA LLC | 6.500 | 09/27/28 | 441,034 | ||||||||||||||
1,500,000 | g | Sociedad Quimica y Minera de Chile S.A. | 4.250 | 05/07/29 | 1,340,640 | |||||||||||||
1,000,000 | Suzano Austria GmbH | 6.000 | 01/15/29 | 932,500 | ||||||||||||||
1,325,000 | g | Suzano Austria GmbH | 7.000 | 03/16/47 | 1,253,781 | |||||||||||||
500,000 | g | Tronox Finance plc | 5.750 | 10/01/25 | 446,250 | |||||||||||||
500,000 | g | Tronox, Inc | 6.500 | 04/15/26 | 450,000 | |||||||||||||
175,000 | g | Univar Solutions USA, Inc | 5.125 | 12/01/27 | 159,250 | |||||||||||||
TOTAL MATERIALS | 62,909,992 |
158 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
MEDIA & ENTERTAINMENT - 1.9% | ||||||||||||||||||
$ | 1,575,000 | g | Cable Onda S.A. | 4.500 | % | 01/30/30 | $ | 1,386,000 | ||||||||||
1,000,000 | g | CBS Radio, Inc | 7.250 | 11/01/24 | 835,000 | |||||||||||||
1,275,000 | Charter Communications Operating LLC | 3.579 | 07/23/20 | 1,271,037 | ||||||||||||||
5,150,000 | Charter Communications Operating LLC | 3.750 | 02/15/28 | 5,178,422 | ||||||||||||||
5,660,000 | Charter Communications Operating LLC | 4.200 | 03/15/28 | 5,809,779 | ||||||||||||||
2,400,000 | Charter Communications Operating LLC | 5.125 | 07/01/49 | 2,552,918 | ||||||||||||||
2,750,000 | Charter Communications Operating LLC | 4.800 | 03/01/50 | 2,865,305 | ||||||||||||||
3,400,000 | Comcast Corp | 3.700 | 04/15/24 | 3,649,244 | ||||||||||||||
10,100,000 | Comcast Corp | 3.950 | 10/15/25 | 11,120,059 | ||||||||||||||
10,300,000 | Comcast Corp | 2.350 | 01/15/27 | 10,261,218 | ||||||||||||||
2,700,000 | Comcast Corp | 3.150 | 02/15/28 | 2,824,997 | ||||||||||||||
5,000,000 | Comcast Corp | 4.150 | 10/15/28 | 5,692,201 | ||||||||||||||
4,525,000 | Comcast Corp | 3.200 | 07/15/36 | 4,777,011 | ||||||||||||||
1,000,000 | Comcast Corp | 3.900 | 03/01/38 | 1,124,140 | ||||||||||||||
10,000,000 | Comcast Corp | 4.700 | 10/15/48 | 12,928,630 | ||||||||||||||
6,475,000 | Comcast Corp | 3.450 | 02/01/50 | 7,105,000 | ||||||||||||||
1,500,000 | g | CSC Holdings LLC | 7.500 | 04/01/28 | 1,598,130 | |||||||||||||
1,250,000 | Discovery Communications LLC | 2.950 | 03/20/23 | 1,247,354 | ||||||||||||||
3,730,000 | Discovery Communications LLC | 4.125 | 05/15/29 | 3,615,046 | ||||||||||||||
3,500,000 | Discovery Communications LLC | 5.200 | 09/20/47 | 3,577,250 | ||||||||||||||
1,000,000 | DISH DBS Corp | 7.750 | 07/01/26 | 1,027,500 | ||||||||||||||
125,000 | g | EW Scripps Co | 5.125 | 05/15/25 | 110,000 | |||||||||||||
1,125,000 | g | Gray Escrow, Inc | 7.000 | 05/15/27 | 1,119,375 | |||||||||||||
550,000 | g | Gray Television, Inc | 5.875 | 07/15/26 | 529,540 | |||||||||||||
2,785,000 | Grupo Televisa SAB | 6.625 | 01/15/40 | 3,261,927 | ||||||||||||||
500,000 | g | International Airport Finance S.A. | 12.000 | 03/15/33 | 285,000 | |||||||||||||
650,000 | g | Lamar Media Corp | 3.750 | 02/15/28 | 609,297 | |||||||||||||
3,000,000 | g | Medco Bell Pte Ltd | 6.375 | 01/30/27 | 1,739,403 | |||||||||||||
960,000 | Meredith, Corp | 6.875 | 02/01/26 | 825,600 | ||||||||||||||
1,175,000 | NBC Universal Media LLC | 2.875 | 01/15/23 | 1,209,043 | ||||||||||||||
885,000 | NBC Universal Media LLC | 6.400 | 04/30/40 | 1,336,509 | ||||||||||||||
125,000 | g | Nielsen Finance LLC | 5.000 | 04/15/22 | 115,227 | |||||||||||||
1,250,000 | g | TEGNA, Inc | 4.625 | 03/15/28 | 1,098,437 | |||||||||||||
1,075,000 | g | Telefonica Celular del Paraguay S.A. | 5.875 | 04/15/27 | 969,559 | |||||||||||||
1,740,000 | g | Terrier Media Buyer, Inc | 8.875 | 12/15/27 | 1,461,600 | |||||||||||||
250,000 | Time Warner Cable LLC | 5.875 | 11/15/40 | 263,438 | ||||||||||||||
600,000 | ViacomCBS, Inc | 2.900 | 06/01/23 | 571,312 | ||||||||||||||
1,100,000 | ViacomCBS, Inc | 2.900 | 01/15/27 | 1,062,247 | ||||||||||||||
800,000 | ViacomCBS, Inc | 3.375 | 02/15/28 | 710,626 | ||||||||||||||
1,770,000 | ViacomCBS, Inc | 4.375 | 03/15/43 | 1,570,372 | ||||||||||||||
200,000 | ViacomCBS, Inc | 5.850 | 09/01/43 | 205,129 | ||||||||||||||
4,500,000 | Walt Disney Co | 3.000 | 09/15/22 | 4,649,612 | ||||||||||||||
3,000,000 | Walt Disney Co | 3.700 | 03/23/27 | 3,317,408 | ||||||||||||||
110,000 | Walt Disney Co | 7.625 | 11/30/28 | 144,803 | ||||||||||||||
5,325,000 | Walt Disney Co | 2.000 | 09/01/29 | 5,194,659 | ||||||||||||||
85,000 | Walt Disney Co | 6.550 | 03/15/33 | 121,009 | ||||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 122,927,373 | |||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.4% | ||||||||||||||||||
925,000 | Abbott Laboratories | 3.875 | 09/15/25 | 998,810 | ||||||||||||||
6,092,000 | Abbott Laboratories | 3.750 | 11/30/26 | 6,800,819 |
159 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 1,200,000 | Abbott Laboratories | 5.300 | % | 05/27/40 | $ | 1,580,866 | |||||||||||
1,550,000 | AbbVie, Inc | 2.850 | 05/14/23 | 1,571,184 | ||||||||||||||
750,000 | AbbVie, Inc | 3.600 | 05/14/25 | 790,179 | ||||||||||||||
10,650,000 | g | AbbVie, Inc | 2.950 | 11/21/26 | 10,850,830 | |||||||||||||
4,600,000 | g | AbbVie, Inc | 3.200 | 11/21/29 | 4,692,799 | |||||||||||||
6,500,000 | g | AbbVie, Inc | 4.050 | 11/21/39 | 6,816,691 | |||||||||||||
2,072,000 | AbbVie, Inc | 4.400 | 11/06/42 | 2,302,503 | ||||||||||||||
1,360,000 | AbbVie, Inc | 4.450 | 05/14/46 | 1,445,239 | ||||||||||||||
2,275,000 | g | AbbVie, Inc | 4.250 | 11/21/49 | 2,453,972 | |||||||||||||
2,900,000 | Allergan Funding SCS | 3.800 | 03/15/25 | 2,969,649 | ||||||||||||||
1,775,000 | AstraZeneca plc | 3.125 | 06/12/27 | 1,777,742 | ||||||||||||||
325,000 | g | Bausch Health Cos, Inc | 5.000 | 01/30/28 | 307,678 | |||||||||||||
595,000 | g | Bristol-Myers Squibb Co | 3.625 | 05/15/24 | 628,705 | |||||||||||||
1,600,000 | g | Bristol-Myers Squibb Co | 2.900 | 07/26/24 | 1,695,655 | |||||||||||||
900,000 | g | Bristol-Myers Squibb Co | 3.875 | 08/15/25 | 976,481 | |||||||||||||
4,500,000 | g | Bristol-Myers Squibb Co | 3.450 | 11/15/27 | 4,793,722 | |||||||||||||
18,950,000 | g | Bristol-Myers Squibb Co | 3.400 | 07/26/29 | 20,824,196 | |||||||||||||
5,120,000 | g | Bristol-Myers Squibb Co | 4.250 | 10/26/49 | 6,416,418 | |||||||||||||
635,000 | Gilead Sciences, Inc | 4.000 | 09/01/36 | 718,965 | ||||||||||||||
875,000 | Gilead Sciences, Inc | 4.150 | 03/01/47 | 1,069,549 | ||||||||||||||
1,875,000 | Johnson & Johnson | 2.450 | 03/01/26 | 2,003,987 | ||||||||||||||
1,325,000 | Johnson & Johnson | 2.900 | 01/15/28 | 1,455,578 | ||||||||||||||
1,250,000 | Johnson & Johnson | 3.400 | 01/15/38 | 1,446,280 | ||||||||||||||
4,075,000 | Mylan, Inc | 4.550 | 04/15/28 | 3,989,445 | ||||||||||||||
3,050,000 | Novartis Capital Corp | 3.000 | 11/20/25 | 3,236,060 | ||||||||||||||
3,000,000 | Teva Pharmaceutical Finance Netherlands III BV | 3.150 | 10/01/26 | 2,527,050 | ||||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 97,141,052 | |||||||||||||||||
REAL ESTATE - 2.0% | ||||||||||||||||||
5,450,000 | Alexandria Real Estate Equities, Inc | 3.450 | 04/30/25 | 5,651,636 | ||||||||||||||
450,000 | Alexandria Real Estate Equities, Inc | 3.950 | 01/15/27 | 450,653 | ||||||||||||||
675,000 | Alexandria Real Estate Equities, Inc | 3.950 | 01/15/28 | 691,305 | ||||||||||||||
2,775,000 | Alexandria Real Estate Equities, Inc | 4.900 | 12/15/30 | 3,014,695 | ||||||||||||||
1,450,000 | American Tower Corp | 3.000 | 06/15/23 | 1,451,789 | ||||||||||||||
2,700,000 | American Tower Corp | 2.950 | 01/15/25 | 2,696,800 | ||||||||||||||
600,000 | American Tower Corp | 3.375 | 10/15/26 | 600,101 | ||||||||||||||
10,000,000 | American Tower Corp | 2.750 | 01/15/27 | 9,678,152 | ||||||||||||||
1,200,000 | American Tower Corp | 3.600 | 01/15/28 | 1,199,243 | ||||||||||||||
5,800,000 | American Tower Corp | 3.800 | 08/15/29 | 5,920,423 | ||||||||||||||
6,950,000 | American Tower Corp | 2.900 | 01/15/30 | 6,763,172 | ||||||||||||||
3,000,000 | Boston Properties LP | 3.200 | 01/15/25 | 3,094,940 | ||||||||||||||
1,975,000 | Brandywine Operating Partnership LP | 3.950 | 02/15/23 | 2,040,248 | ||||||||||||||
1,125,000 | Brandywine Operating Partnership LP | 4.100 | 10/01/24 | 1,119,414 | ||||||||||||||
2,225,000 | Brixmor Operating Partnership LP | 3.850 | 02/01/25 | 2,195,711 | ||||||||||||||
2,000,000 | Camden Property Trust | 4.250 | 01/15/24 | 2,043,711 | ||||||||||||||
750,000 | Camden Property Trust | 3.150 | 07/01/29 | 739,198 | ||||||||||||||
980,000 | Crown Castle International Corp | 4.875 | 04/15/22 | 1,028,832 | ||||||||||||||
400,000 | Crown Castle International Corp | 3.650 | 09/01/27 | 398,525 | ||||||||||||||
1,275,000 | Crown Castle International Corp | 3.800 | 02/15/28 | 1,277,165 | ||||||||||||||
3,300,000 | Digital Realty Trust LP | 2.750 | 02/01/23 | 3,281,033 | ||||||||||||||
1,950,000 | Digital Realty Trust LP | 3.700 | 08/15/27 | 1,884,433 | ||||||||||||||
425,000 | Duke Realty LP | 3.250 | 06/30/26 | 424,889 | ||||||||||||||
1,075,000 | Duke Realty LP | 4.000 | 09/15/28 | 1,114,776 | ||||||||||||||
850,000 | Essex Portfolio LP | 3.375 | 01/15/23 | 850,933 |
160 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 4,575,000 | Essex Portfolio LP | 3.000 | % | 01/15/30 | $ | 4,336,769 | |||||||||||
325,000 | Healthcare Realty Trust, Inc | 3.750 | 04/15/23 | 324,559 | ||||||||||||||
1,675,000 | Healthcare Realty Trust, Inc | 3.875 | 05/01/25 | 1,750,720 | ||||||||||||||
3,000,000 | Healthcare Realty Trust, Inc | 3.625 | 01/15/28 | 3,008,569 | ||||||||||||||
900,000 | Healthcare Realty Trust, Inc | 2.400 | 03/15/30 | 799,061 | ||||||||||||||
675,000 | Healthcare Trust of America Holdings LP | 3.700 | 04/15/23 | 652,919 | ||||||||||||||
4,125,000 | Healthcare Trust of America Holdings LP | 3.500 | 08/01/26 | 4,079,441 | ||||||||||||||
5,525,000 | Healthcare Trust of America Holdings LP | 3.100 | 02/15/30 | 4,941,063 | ||||||||||||||
1,500,000 | Healthpeak Properties, Inc | 4.250 | 11/15/23 | 1,417,469 | ||||||||||||||
6,800,000 | Healthpeak Properties, Inc | 3.500 | 07/15/29 | 6,651,694 | ||||||||||||||
5,500,000 | Highwoods Realty LP | 3.875 | 03/01/27 | 5,480,415 | ||||||||||||||
1,025,000 | Highwoods Realty LP | 4.125 | 03/15/28 | 1,102,138 | ||||||||||||||
1,350,000 | Highwoods Realty LP | 4.200 | 04/15/29 | 1,381,804 | ||||||||||||||
6,510,000 | Highwoods Realty LP | 3.050 | 02/15/30 | 5,885,669 | ||||||||||||||
835,000 | Hudson Pacific Properties LP | 3.950 | 11/01/27 | 795,590 | ||||||||||||||
775,000 | iStar, Inc | 4.750 | 10/01/24 | 651,000 | ||||||||||||||
1,200,000 | Mid-America Apartments LP | 4.300 | 10/15/23 | 1,193,198 | ||||||||||||||
1,200,000 | Mid-America Apartments LP | 3.750 | 06/15/24 | 1,182,481 | ||||||||||||||
1,050,000 | Mid-America Apartments LP | 4.000 | 11/15/25 | 1,093,149 | ||||||||||||||
1,150,000 | Mid-America Apartments LP | 3.600 | 06/01/27 | 1,157,327 | ||||||||||||||
7,350,000 | Mid-America Apartments LP | 2.750 | 03/15/30 | 6,806,086 | ||||||||||||||
1,075,000 | National Retail Properties, Inc | 3.300 | 04/15/23 | 1,083,645 | ||||||||||||||
625,000 | National Retail Properties, Inc | 4.000 | 11/15/25 | 643,629 | ||||||||||||||
1,850,000 | National Retail Properties, Inc | 3.600 | 12/15/26 | 1,851,859 | ||||||||||||||
1,150,000 | ProLogis LP | 4.375 | 02/01/29 | 1,291,308 | ||||||||||||||
600,000 | Regency Centers Corp | 3.750 | 11/15/22 | 587,999 | ||||||||||||||
1,100,000 | Regency Centers LP | 3.900 | 11/01/25 | 1,125,756 | ||||||||||||||
1,950,000 | Regency Centers LP | 3.600 | 02/01/27 | 1,963,865 | ||||||||||||||
4,650,000 | Regency Centers LP | 2.950 | 09/15/29 | 4,383,783 | ||||||||||||||
646,000 | SITE Centers Corp | 3.625 | 02/01/25 | 654,245 | ||||||||||||||
1,000,000 | SITE Centers Corp | 4.700 | 06/01/27 | 1,034,502 | ||||||||||||||
775,000 | g | VICI Properties LP | 3.500 | 02/15/25 | 715,906 | |||||||||||||
400,000 | Weingarten Realty Investors | 3.375 | 10/15/22 | 410,114 | ||||||||||||||
1,876,000 | Weingarten Realty Investors | 3.500 | 04/15/23 | 1,918,727 | ||||||||||||||
475,000 | Weingarten Realty Investors | 4.450 | 01/15/24 | 508,952 | ||||||||||||||
1,025,000 | Weingarten Realty Investors | 3.850 | 06/01/25 | 1,073,164 | ||||||||||||||
700,000 | Weingarten Realty Investors | 3.250 | 08/15/26 | 658,020 | ||||||||||||||
TOTAL REAL ESTATE | 134,208,372 | |||||||||||||||||
RETAILING - 0.4% | ||||||||||||||||||
1,100,000 | AutoNation, Inc | 3.800 | 11/15/27 | 975,732 | ||||||||||||||
90,000 | g | Camelot Finance S.A. | 4.500 | 11/01/26 | 87,300 | |||||||||||||
2,175,000 | Home Depot, Inc | 2.000 | 04/01/21 | 2,177,891 | ||||||||||||||
520,000 | Home Depot, Inc | 2.625 | 06/01/22 | 528,924 | ||||||||||||||
850,000 | g | Lithia Motors, Inc | 4.625 | 12/15/27 | 765,085 | |||||||||||||
4,215,000 | O’Reilly Automotive, Inc | 3.550 | 03/15/26 | 4,259,109 | ||||||||||||||
2,175,000 | O’Reilly Automotive, Inc | 3.600 | 09/01/27 | 2,089,854 | ||||||||||||||
2,100,000 | O’Reilly Automotive, Inc | 4.200 | 04/01/30 | 2,174,776 | ||||||||||||||
715,000 | Penske Automotive Group, Inc | 5.500 | 05/15/26 | 651,351 | ||||||||||||||
500,000 | g | PetSmart, Inc | 7.125 | 03/15/23 | 471,000 | |||||||||||||
500,000 | g | PetSmart, Inc | 5.875 | 06/01/25 | 492,500 | |||||||||||||
1,250,000 | g | PetSmart, Inc | 8.875 | 06/01/25 | 1,131,250 | |||||||||||||
375,000 | QVC, Inc | 4.750 | 02/15/27 | 331,956 |
161 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 2,000,000 | g | Staples, Inc | 7.500 | % | 04/15/26 | $ | 1,750,012 | ||||||||||
1,900,000 | Target Corp | 3.375 | 04/15/29 | 2,053,390 | ||||||||||||||
6,325,000 | Target Corp | 2.350 | 02/15/30 | 6,369,525 | ||||||||||||||
675,000 | Target Corp | 2.650 | 09/15/30 | 691,136 | ||||||||||||||
TOTAL RETAILING | 27,000,791 | |||||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.3% | ||||||||||||||||||
5,600,000 | Intel Corp | 2.875 | 05/11/24 | 5,867,757 | ||||||||||||||
1,500,000 | Intel Corp | 2.600 | 05/19/26 | 1,585,122 | ||||||||||||||
3,700,000 | Intel Corp | 3.750 | 03/25/27 | 4,067,931 | ||||||||||||||
260,000 | Intel Corp | 3.150 | 05/11/27 | 279,510 | ||||||||||||||
1,150,000 | Intel Corp | 3.734 | 12/08/47 | 1,343,124 | ||||||||||||||
2,250,000 | g | NXP BV | 4.875 | 03/01/24 | 2,402,281 | |||||||||||||
2,700,000 | g | NXP BV | 3.875 | 06/18/26 | 2,626,060 | |||||||||||||
1,100,000 | Texas Instruments, Inc | 2.625 | 05/15/24 | 1,146,993 | ||||||||||||||
1,100,000 | Texas Instruments, Inc | 4.150 | 05/15/48 | 1,360,463 | ||||||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 20,679,241 | |||||||||||||||||
SOFTWARE & SERVICES - 1.5% | ||||||||||||||||||
2,325,000 | Activision Blizzard, Inc | 2.300 | 09/15/21 | 2,341,075 | ||||||||||||||
2,675,000 | Activision Blizzard, Inc | 3.400 | 09/15/26 | 2,820,866 | ||||||||||||||
9,955,000 | Adobe, Inc | 2.300 | 02/01/30 | 9,951,515 | ||||||||||||||
1,275,000 | Baidu, Inc | 4.375 | 05/14/24 | 1,347,030 | ||||||||||||||
2,000,000 | Fidelity National Information Services, Inc | 3.000 | 08/15/26 | 2,042,917 | ||||||||||||||
2,365,000 | Fidelity National Information Services, Inc | 3.750 | 05/21/29 | 2,573,978 | ||||||||||||||
6,300,000 | Fiserv, Inc | 2.750 | 07/01/24 | 6,264,063 | ||||||||||||||
9,550,000 | Fiserv, Inc | 3.500 | 07/01/29 | 10,105,527 | ||||||||||||||
2,425,000 | Global Payments, Inc | 2.650 | 02/15/25 | 2,403,701 | ||||||||||||||
5,225,000 | Global Payments, Inc | 3.200 | 08/15/29 | 5,104,465 | ||||||||||||||
850,000 | IHS Markit Ltd | 4.125 | 08/01/23 | 884,408 | ||||||||||||||
1,375,000 | IHS Markit Ltd | 4.250 | 05/01/29 | 1,454,076 | ||||||||||||||
3,075,000 | International Business Machines Corp | 2.850 | 05/13/22 | 3,158,567 | ||||||||||||||
11,975,000 | International Business Machines Corp | 3.500 | 05/15/29 | 13,073,507 | ||||||||||||||
19,000,000 | Microsoft Corp | 2.400 | 08/08/26 | 20,093,426 | ||||||||||||||
1,200,000 | Microsoft Corp | 4.100 | 02/06/37 | 1,465,075 | ||||||||||||||
1,860,000 | Microsoft Corp | 3.700 | 08/08/46 | 2,206,327 | ||||||||||||||
550,000 | g | Open Text Holdings, Inc | 4.125 | 02/15/30 | 517,138 | |||||||||||||
5,550,000 | Oracle Corp | 2.950 | 04/01/30 | 5,583,312 | ||||||||||||||
3,750,000 | Oracle Corp | 3.600 | 04/01/40 | 3,732,958 | ||||||||||||||
175,000 | g | Presidio Holdings, Inc | 4.875 | 02/01/27 | 157,500 | |||||||||||||
2,200,000 | g | Prosus NV | 3.680 | 01/21/30 | 1,991,083 | |||||||||||||
875,000 | salesforce.com, Inc | 3.700 | 04/11/28 | 965,898 | ||||||||||||||
TOTAL SOFTWARE & SERVICES | 100,238,412 | |||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 1.1% | ||||||||||||||||||
3,450,000 | Amphenol Corp | 2.800 | 02/15/30 | 3,141,087 | ||||||||||||||
8,575,000 | Apple, Inc | 2.450 | 08/04/26 | 8,985,199 | ||||||||||||||
19,975,000 | Apple, Inc | 2.050 | 09/11/26 | 20,604,477 | ||||||||||||||
1,100,000 | Apple, Inc | 4.650 | 02/23/46 | 1,522,910 | ||||||||||||||
12,850,000 | Broadcom Corp | 3.875 | 01/15/27 | 12,249,473 | ||||||||||||||
10,000,000 | Cisco Systems, Inc | 1.850 | 09/20/21 | 10,069,342 | ||||||||||||||
725,000 | g | CommScope, Inc | 5.500 | 06/15/24 | 669,537 | |||||||||||||
500,000 | g | CommScope, Inc | 6.000 | 06/15/25 | 457,600 |
162 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 675,000 | Corning, Inc | 4.375 | % | 11/15/57 | $ | 701,740 | |||||||||||
3,375,000 | g | Dell International LLC | 4.420 | 06/15/21 | 3,411,229 | |||||||||||||
4,450,000 | g | Dell International LLC | 5.300 | 10/01/29 | 4,328,432 | |||||||||||||
2,390,000 | g | Empresas Publicas de Medellin ESP | 4.250 | 07/18/29 | 2,037,475 | |||||||||||||
1,100,000 | g | L3Harris Technologies, Inc | 3.850 | 06/15/23 | 1,144,351 | |||||||||||||
1,500,000 | L3Harris Technologies, Inc | 2.900 | 12/15/29 | 1,417,303 | ||||||||||||||
3,000,000 | Tyco Electronics Group S.A. | 3.500 | 02/03/22 | 3,042,231 | ||||||||||||||
525,000 | Tyco Electronics Group S.A. | 3.700 | 02/15/26 | 534,137 | ||||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 74,316,523 | |||||||||||||||||
TELECOMMUNICATION SERVICES - 2.6% | ||||||||||||||||||
360,000 | AT&T, Inc | 3.800 | 03/15/22 | 371,836 | ||||||||||||||
4,936,000 | AT&T, Inc | 3.000 | 06/30/22 | 4,977,775 | ||||||||||||||
7,190,000 | AT&T, Inc | 3.400 | 05/15/25 | 7,436,630 | ||||||||||||||
1,725,000 | AT&T, Inc | 3.600 | 07/15/25 | 1,791,361 | ||||||||||||||
1,000,000 | AT&T, Inc | 2.950 | 07/15/26 | 983,711 | ||||||||||||||
4,250,000 | AT&T, Inc | 3.800 | 02/15/27 | 4,415,751 | ||||||||||||||
10,000,000 | AT&T, Inc | 4.100 | 02/15/28 | 10,502,161 | ||||||||||||||
6,025,000 | AT&T, Inc | 4.350 | 03/01/29 | 6,478,251 | ||||||||||||||
13,425,000 | AT&T, Inc | 4.300 | 02/15/30 | 14,449,610 | ||||||||||||||
2,300,000 | AT&T, Inc | 4.500 | 05/15/35 | 2,507,549 | ||||||||||||||
6,000,000 | AT&T, Inc | 4.900 | 08/15/37 | 6,733,849 | ||||||||||||||
11,175,000 | AT&T, Inc | 4.500 | 03/09/48 | 12,127,775 | ||||||||||||||
5,000,000 | AT&T, Inc | 4.550 | 03/09/49 | 5,381,031 | ||||||||||||||
2,000,000 | g | Bharti Airtel Ltd | 4.375 | 06/10/25 | 1,842,440 | |||||||||||||
450,000 | g | C&W Senior Financing Designated Activity Co | 7.500 | 10/15/26 | 412,229 | |||||||||||||
2,000,000 | g | C&W Senior Financing Designated Activity Co | 6.875 | 09/15/27 | 1,725,000 | |||||||||||||
2,500,000 | g | Deutsche Telekom International Finance BV | 1.950 | 09/19/21 | 2,468,636 | |||||||||||||
630,000 | Deutsche Telekom International Finance BV | 8.750 | 06/15/30 | 859,276 | ||||||||||||||
1,325,000 | g | Front Range BidCo, Inc | 4.000 | 03/01/27 | 1,267,859 | |||||||||||||
1,375,000 | g | Globo Comunicacao e Participacoes S.A. | 4.875 | 01/22/30 | 1,174,937 | |||||||||||||
2,000,000 | g | MTN Mauritius Investment Ltd | 6.500 | 10/13/26 | 1,905,494 | |||||||||||||
2,000,000 | g | Network i2i Ltd | 5.650 | N/A‡ | 1,610,000 | |||||||||||||
500,000 | Orange S.A. | 5.375 | 01/13/42 | 640,059 | ||||||||||||||
1,800,000 | g | Oztel Holdings SPC Ltd | 6.625 | 04/24/28 | 1,275,709 | |||||||||||||
510,000 | Rogers Communications, Inc | 3.625 | 12/15/25 | 539,611 | ||||||||||||||
1,900,000 | Rogers Communications, Inc | 3.700 | 11/15/49 | 1,965,428 | ||||||||||||||
4,700,000 | Telefonica Emisiones SAU | 4.103 | 03/08/27 | 4,874,459 | ||||||||||||||
206,000 | Verizon Communications, Inc | 3.376 | 02/15/25 | 220,970 | ||||||||||||||
950,000 | Verizon Communications, Inc | 4.125 | 03/16/27 | 1,057,137 | ||||||||||||||
22,336,000 | Verizon Communications, Inc | 4.329 | 09/21/28 | 25,739,994 | ||||||||||||||
7,300,000 | Verizon Communications, Inc | 3.875 | 02/08/29 | 8,171,200 | ||||||||||||||
11,097,000 | Verizon Communications, Inc | 4.272 | 01/15/36 | 12,964,197 | ||||||||||||||
3,000,000 | Verizon Communications, Inc | 4.000 | 03/22/50 | 3,560,419 | ||||||||||||||
6,625,000 | Vodafone Group plc | 4.375 | 05/30/28 | 6,965,313 | ||||||||||||||
7,000,000 | Vodafone Group plc | 4.250 | 09/17/50 | 7,194,891 | ||||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 166,592,548 | |||||||||||||||||
TRANSPORTATION - 1.1% | ||||||||||||||||||
3,000,000 | g | Adani Ports & Special Economic Zone Ltd | 4.000 | 07/30/27 | 2,386,104 | |||||||||||||
5,000,000 | Boeing Co | 2.950 | 02/01/30 | 4,630,357 | ||||||||||||||
2,000,000 | Boeing Co | 3.750 | 02/01/50 | 1,826,650 | ||||||||||||||
3,825,000 | Burlington Northern Santa Fe LLC | 3.550 | 02/15/50 | 4,188,022 |
163 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 975,000 | Canadian Pacific Railway Co | 2.050 | % | 03/05/30 | $ | 905,340 | |||||||||||
1,000,000 | CSX Corp | 2.600 | 11/01/26 | 1,018,512 | ||||||||||||||
625,000 | CSX Corp | 3.250 | 06/01/27 | 641,966 | ||||||||||||||
700,000 | CSX Corp | 3.800 | 03/01/28 | 743,336 | ||||||||||||||
9,715,000 | CSX Corp | 4.250 | 03/15/29 | 10,900,513 | ||||||||||||||
5,400,000 | CSX Corp | 2.400 | 02/15/30 | 5,317,788 | ||||||||||||||
1,800,000 | CSX Corp | 4.300 | 03/01/48 | 1,975,540 | ||||||||||||||
4,000,000 | CSX Corp | 3.350 | 09/15/49 | 3,787,829 | ||||||||||||||
2,200,000 | Delta Air Lines, Inc | 3.800 | 04/19/23 | 2,067,462 | ||||||||||||||
3,475,000 | Delta Air Lines, Inc | 2.900 | 10/28/24 | 2,781,349 | ||||||||||||||
2,275,000 | Delta Air Lines, Inc | 3.750 | 10/28/29 | 1,833,371 | ||||||||||||||
2,025,000 | g | DP World Ltd | 5.625 | 09/25/48 | 1,690,875 | |||||||||||||
13,100,000 | FedEx Corp | 3.100 | 08/05/29 | 12,875,349 | ||||||||||||||
1,100,000 | g | Indian Railway Finance Corp Ltd | 3.249 | 02/13/30 | 989,233 | |||||||||||||
775,000 | g | Lima Metro Line 2 Finance Ltd | 4.350 | 04/05/36 | 730,437 | |||||||||||||
1,243,000 | g | Mexico City Airport Trust | 4.250 | 10/31/26 | 1,109,377 | |||||||||||||
2,650,000 | g | Pelabuhan Indonesia III Persero PT | 4.500 | 05/02/23 | 2,636,750 | |||||||||||||
5,200,000 | Union Pacific Corp | 3.950 | 09/10/28 | 5,582,614 | ||||||||||||||
2,175,000 | g | Union Pacific Corp | 3.839 | 03/20/60 | 2,327,587 | |||||||||||||
TOTAL TRANSPORTATION | 72,946,361 | |||||||||||||||||
UTILITIES - 2.8% | ||||||||||||||||||
1,975,000 | g | Adani Transmission Ltd | 4.250 | 05/21/36 | 1,778,377 | |||||||||||||
1,000,000 | AEP Transmission Co LLC | 3.100 | 12/01/26 | 1,039,431 | ||||||||||||||
1,000,000 | AEP Transmission Co LLC | 4.000 | 12/01/46 | 1,012,128 | ||||||||||||||
725,000 | Alabama Power Co | 4.150 | 08/15/44 | 681,101 | ||||||||||||||
3,000,000 | Alabama Power Co | 3.450 | 10/01/49 | 3,052,781 | ||||||||||||||
4,600,000 | Ameren Corp | 3.650 | 02/15/26 | 4,668,886 | ||||||||||||||
1,650,000 | American Water Capital Corp | 3.000 | 12/01/26 | 1,654,807 | ||||||||||||||
1,400,000 | American Water Capital Corp | 4.000 | 12/01/46 | 1,418,073 | ||||||||||||||
2,275,000 | American Water Capital Corp | 3.750 | 09/01/47 | 2,279,734 | ||||||||||||||
375,000 | Atmos Energy Corp | 4.125 | 10/15/44 | 407,426 | ||||||||||||||
3,000,000 | Avangrid, Inc | 3.150 | 12/01/24 | 2,984,194 | ||||||||||||||
800,000 | g | Azure Power Solar Energy Pvt Ltd | 5.650 | 12/24/24 | 679,651 | |||||||||||||
2,050,000 | Baltimore Gas & Electric Co | 3.750 | 08/15/47 | 2,217,983 | ||||||||||||||
2,750,000 | Baltimore Gas & Electric Co | 3.200 | 09/15/49 | 2,620,928 | ||||||||||||||
4,950,000 | Berkshire Hathaway Energy Co | 3.250 | 04/15/28 | 5,120,462 | ||||||||||||||
1,075,000 | Black Hills Corp | 4.250 | 11/30/23 | 1,127,616 | ||||||||||||||
850,000 | Black Hills Corp | 3.150 | 01/15/27 | 907,472 | ||||||||||||||
159,000 | CenterPoint Energy Resources Corp | 4.500 | 01/15/21 | 160,352 | ||||||||||||||
660,000 | CenterPoint Energy Resources Corp | 6.250 | 02/01/37 | 813,616 | ||||||||||||||
1,125,000 | CMS Energy Corp | 3.600 | 11/15/25 | 1,247,066 | ||||||||||||||
395,000 | Commonwealth Edison Co | 5.900 | 03/15/36 | 467,379 | ||||||||||||||
5,000,000 | Commonwealth Edison Co | 3.000 | 03/01/50 | 4,711,388 | ||||||||||||||
1,675,000 | Consumers Energy Co | 3.500 | 08/01/51 | 1,801,833 | ||||||||||||||
2,100,000 | Dominion Energy Gas Holdings LLC | 2.500 | 11/15/24 | 2,040,437 | ||||||||||||||
1,550,000 | Dominion Resources, Inc | 2.000 | 08/15/21 | 1,540,818 | ||||||||||||||
2,975,000 | DTE Electric Co | 2.625 | 03/01/31 | 2,970,002 | ||||||||||||||
2,325,000 | DTE Electric Co | 3.750 | 08/15/47 | 2,452,618 | ||||||||||||||
3,850,000 | DTE Electric Co | 2.950 | 03/01/50 | 3,591,378 | ||||||||||||||
260,000 | Duke Energy Carolinas LLC | 4.300 | 06/15/20 | 260,920 | ||||||||||||||
3,050,000 | Duke Energy Corp | 1.800 | 09/01/21 | 3,029,244 | ||||||||||||||
7,575,000 | Duke Energy Corp | 2.650 | 09/01/26 | 7,517,418 | ||||||||||||||
3,125,000 | Duke Energy Corp | 3.750 | 09/01/46 | 2,995,675 |
164 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 1,782,959 | Duke Energy Florida Project Finance LLC | 1.731 | % | 09/01/22 | $ | 1,803,749 | |||||||||||
650,000 | Duke Energy Ohio, Inc | 3.800 | 09/01/23 | 686,324 | ||||||||||||||
2,000,000 | Enel Chile S.A. | 4.875 | 06/12/28 | 1,972,000 | ||||||||||||||
4,994,000 | Entergy Corp | 4.000 | 07/15/22 | 5,124,022 | ||||||||||||||
3,075,000 | Entergy Corp | 2.950 | 09/01/26 | 3,047,932 | ||||||||||||||
3,600,000 | g | Eskom Holdings SOC Ltd | 5.750 | 01/26/21 | 3,043,680 | |||||||||||||
900,000 | g | Eskom Holdings SOC Ltd | 8.450 | 08/10/28 | 621,635 | |||||||||||||
3,000,000 | Eversource Energy | 3.450 | 01/15/50 | 2,702,380 | ||||||||||||||
1,225,000 | Exelon Corp | 4.050 | 04/15/30 | 1,213,216 | ||||||||||||||
2,975,000 | Exelon Generation Co LLC | 3.400 | 03/15/22 | 3,008,345 | ||||||||||||||
2,750,000 | Florida Power & Light Co | 2.850 | 04/01/25 | 2,891,958 | ||||||||||||||
2,700,000 | Florida Power & Light Co | 3.990 | 03/01/49 | 3,045,006 | ||||||||||||||
2,275,000 | Florida Power & Light Co | 3.150 | 10/01/49 | 2,360,096 | ||||||||||||||
500,000 | g | IHS Netherlands Holdco BV | 7.125 | 03/18/25 | 437,726 | |||||||||||||
1,150,000 | Indiana Michigan Power Co | 3.750 | 07/01/47 | 1,198,476 | ||||||||||||||
2,000,000 | g | Inkia Energy Ltd | 5.875 | 11/09/27 | 1,755,000 | |||||||||||||
555,000 | Integrys Energy Group, Inc | 4.170 | 11/01/20 | 558,645 | ||||||||||||||
4,000,000 | g | Israel Electric Corp Ltd | 4.250 | 08/14/28 | 4,028,923 | |||||||||||||
2,200,000 | g | Korea Hydro & Nuclear Power Co Ltd | 3.750 | 07/25/23 | 2,342,936 | |||||||||||||
4,030,000 | LG&E and KU Energy LLC | 3.750 | 11/15/20 | 4,002,285 | ||||||||||||||
7,275,000 | MidAmerican Energy Co | 3.650 | 04/15/29 | 7,946,280 | ||||||||||||||
2,175,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 2,334,513 | ||||||||||||||
1,650,000 | Nevada Power Co | 2.400 | 05/01/30 | 1,575,366 | ||||||||||||||
300,000 | NextEra Energy Capital Holdings, Inc | 3.250 | 04/01/26 | 310,483 | ||||||||||||||
1,850,000 | NextEra Energy Capital Holdings, Inc | 2.750 | 11/01/29 | 1,785,613 | ||||||||||||||
3,075,000 | NiSource, Inc | 3.490 | 05/15/27 | 3,111,229 | ||||||||||||||
1,800,000 | Northern States Power Co | 2.900 | 03/01/50 | 1,773,657 | ||||||||||||||
1,250,000 | NRG Energy, Inc | 5.750 | 01/15/28 | 1,275,000 | ||||||||||||||
2,000,000 | NSTAR Electric Co | 3.200 | 05/15/27 | 2,018,468 | ||||||||||||||
850,000 | NSTAR Electric Co | 3.950 | 04/01/30 | 951,408 | ||||||||||||||
2,175,000 | Ohio Power Co | 4.150 | 04/01/48 | 2,285,235 | ||||||||||||||
2,175,000 | Ohio Power Co | 4.000 | 06/01/49 | 2,244,617 | ||||||||||||||
150,000 | Oncor Electric Delivery Co LLC | 7.250 | 01/15/33 | 219,096 | ||||||||||||||
700,000 | ONE Gas, Inc | 3.610 | 02/01/24 | 706,512 | ||||||||||||||
1,375,000 | PECO Energy Co | 3.000 | 09/15/49 | 1,399,367 | ||||||||||||||
1,400,000 | g | Perusahaan Listrik Negara PT | 3.875 | 07/17/29 | 1,302,000 | |||||||||||||
2,000,000 | g | Perusahaan Listrik Negara PT | 3.375 | 02/05/30 | 1,820,000 | |||||||||||||
1,750,000 | g | Petra Diamonds US Treasury plc | 7.250 | 05/01/22 | 402,500 | |||||||||||||
135,000 | Potomac Electric Power Co | 7.900 | 12/15/38 | 195,677 | ||||||||||||||
2,400,000 | PPL Capital Funding, Inc | 3.950 | 03/15/24 | 2,475,233 | ||||||||||||||
1,000,000 | PPL Electric Utilities Corp | 3.000 | 09/15/21 | 1,008,673 | ||||||||||||||
1,175,000 | g | Promigas S.A. ESP | 3.750 | 10/16/29 | 953,818 | |||||||||||||
3,450,000 | PSEG Power LLC | 3.850 | 06/01/23 | 3,509,263 | ||||||||||||||
3,225,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 3,263,381 | ||||||||||||||
1,450,000 | Public Service Electric & Gas Co | 3.200 | 08/01/49 | 1,448,543 | ||||||||||||||
1,750,000 | Southern Co | 4.400 | 07/01/46 | 1,829,288 | ||||||||||||||
2,075,000 | Southern Co Gas Capital Corp | 3.875 | 11/15/25 | 2,175,743 | ||||||||||||||
1,250,000 | Southern Co Gas Capital Corp | 4.400 | 06/01/43 | 1,297,464 | ||||||||||||||
1,175,000 | Southern Co Gas Capital Corp | 3.950 | 10/01/46 | 1,051,244 | ||||||||||||||
4,950,000 | Southern Power Co | 2.500 | 12/15/21 | 4,875,671 | ||||||||||||||
1,925,000 | Southern Power Co | 4.150 | 12/01/25 | 1,984,995 | ||||||||||||||
2,000,000 | Southwestern Public Service Co | 3.400 | 08/15/46 | 2,000,223 | ||||||||||||||
400,000 | TC PipeLines LP | 3.900 | 05/25/27 | 379,706 |
165 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 845,000 | Virginia Electric & Power Co | 2.950 | % | 01/15/22 | $ | 851,438 | |||||||||||
1,025,000 | Virginia Electric & Power Co | 2.950 | 11/15/26 | 1,055,917 | ||||||||||||||
1,050,000 | Virginia Electric & Power Co | 3.500 | 03/15/27 | 1,099,442 | ||||||||||||||
1,000,000 | Wisconsin Power & Light Co | 4.100 | 10/15/44 | 1,060,437 | ||||||||||||||
1,800,000 | Xcel Energy, Inc | 3.350 | 12/01/26 | 1,777,825 | ||||||||||||||
470,000 | Xcel Energy, Inc | 4.800 | 09/15/41 | 506,714 | ||||||||||||||
TOTAL UTILITIES | 183,357,567 | |||||||||||||||||
TOTAL CORPORATE BONDS | 2,538,670,769 | |||||||||||||||||
(Cost $2,560,733,621) | ||||||||||||||||||
GOVERNMENT BONDS - 28.7% | ||||||||||||||||||
AGENCY SECURITIES - 0.5% | ||||||||||||||||||
1,005,132 | AMAL Ltd | 3.465 | 08/21/21 | 1,020,387 | ||||||||||||||
2,500,000 | Amber Circle Funding Ltd | 3.250 | 12/04/22 | 2,623,758 | ||||||||||||||
3,599,000 | Canal Barge Co, Inc | 4.500 | 11/12/34 | 4,328,183 | ||||||||||||||
6,250,000 | Overseas Private Investment Corp (OPIC) | 3.520 | 09/20/32 | 7,145,830 | ||||||||||||||
11,000,000 | g | Private Export Funding Corp (PEFCO) | 3.266 | 11/08/21 | 11,355,149 | |||||||||||||
2,500,000 | g | Reliance Industries Ltd | 3.667 | 11/30/27 | 2,351,018 | |||||||||||||
1,540,000 | UNM Sandoval Regional Medical Center | 4.500 | 07/20/36 | 1,566,627 | ||||||||||||||
TOTAL AGENCY SECURITIES | 30,390,952 | |||||||||||||||||
FOREIGN GOVERNMENT BONDS - 2.9% | ||||||||||||||||||
2,000,000 | g | Abu Dhabi Government International Bond | 3.125 | 05/03/26 | 2,040,493 | |||||||||||||
1,500,000 | g | Abu Dhabi Government International Bond | 2.500 | 09/30/29 | 1,459,486 | |||||||||||||
3,150,000 | g | Abu Dhabi Government International Bond | 3.125 | 09/30/49 | 2,926,980 | |||||||||||||
1,775,000 | g | Angolan Government International Bond | 8.000 | 11/26/29 | 719,692 | |||||||||||||
3,325,000 | g | Arab Petroleum Investments Corp | 4.125 | 09/18/23 | 3,324,615 | |||||||||||||
1,045,000 | † | Argentina Republic Government International Bond | 5.625 | 01/26/22 | 303,050 | |||||||||||||
2,000,000 | g | Banque Ouest Africaine de Developpement | 4.700 | 10/22/31 | 1,812,309 | |||||||||||||
8,200 | g | Barbados Government International Bond | 6.500 | 02/01/21 | 7,954 | |||||||||||||
133,900 | g | Barbados Government International Bond | 6.500 | 10/01/29 | 119,840 | |||||||||||||
3,450,000 | g | Bermuda Government International Bond | 3.717 | 01/25/27 | 3,286,125 | |||||||||||||
1,575,000 | g | Bermuda Government International Bond | 4.750 | 02/15/29 | 1,590,750 | |||||||||||||
1,660,000 | g | Brazil Minas SPE via State of Minas Gerais | 5.333 | 02/15/28 | 1,664,997 | |||||||||||||
1,450,000 | Brazilian Government International Bond | 5.625 | 02/21/47 | 1,491,339 | ||||||||||||||
1,500,000 | g | Caisse d’Amortissement de la Dette Sociale | 1.875 | 07/28/20 | 1,505,135 | |||||||||||||
5,950,000 | Chile Government International Bond | 2.550 | 01/27/32 | 5,944,050 | ||||||||||||||
3,200,000 | Colombia Government International Bond | 3.000 | 01/30/30 | 2,916,800 | ||||||||||||||
1,200,000 | Colombia Government International Bond | 5.000 | 06/15/45 | 1,230,000 | ||||||||||||||
825,000 | g | Costa Rica Government International Bond | 6.125 | 02/19/31 | 697,125 | |||||||||||||
2,925,000 | g | Costa Rica Government International Bond | 5.625 | 04/30/43 | 2,106,000 | |||||||||||||
DOP | 121,500,000 | g | Dominican Republic Government International Bond | 8.900 | 02/15/23 | 2,102,834 | ||||||||||||
120,000,000 | g | Dominican Republic Government International Bond | 12.000 | 03/05/32 | 2,081,860 | |||||||||||||
$ | 3,000,000 | g | Dominican Republic Government International Bond | 6.500 | 02/15/48 | 2,640,000 | ||||||||||||
2,425,000 | †,g | Ecuador Government International Bond | 9.650 | 12/13/26 | 630,500 | |||||||||||||
1,125,000 | g | Egypt Government International Bond | 5.577 | 02/21/23 | 1,040,330 | |||||||||||||
EUR | 3,000,000 | g | Egypt Government International Bond | 5.625 | 04/16/30 | 2,515,674 | ||||||||||||
$ | 1,050,000 | g | Egypt Government International Bond | 8.500 | 01/31/47 | 855,933 |
166 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,200,000 | g | El Salvador Government International Bond | 7.625 | % | 02/01/41 | $ | 984,012 | ||||||||||
1,070,000 | g | El Salvador Government International Bond | 7.125 | 01/20/50 | 823,900 | |||||||||||||
395,000 | European Investment Bank | 4.875 | 02/15/36 | 587,869 | ||||||||||||||
1,500,000 | g | Export-Import Bank of China | 2.850 | 09/16/20 | 1,513,466 | |||||||||||||
4,400,000 | g | Export-Import Bank of India | 3.875 | 02/01/28 | 4,049,988 | |||||||||||||
950,000 | g | Ghana Government International Bond | 8.125 | 03/26/32 | 670,579 | |||||||||||||
1,500,000 | g | Ghana Government International Bond | 8.627 | 06/16/49 | 1,044,000 | |||||||||||||
850,000 | g | Guatemala Government International Bond | 4.500 | 05/03/26 | 824,500 | |||||||||||||
1,550,000 | g | Guatemala Government International Bond | 4.375 | 06/05/27 | 1,488,000 | |||||||||||||
EUR | 1,750,000 | g | Hellenic Republic Government International Bond | 1.875 | 07/23/26 | 1,965,885 | ||||||||||||
3,200,000 | g | Honduras Government International Bond | 6.250 | 01/19/27 | 2,784,032 | |||||||||||||
IDR | 28,000,000,000 | Indonesia Treasury Bond | 7.000 | 09/15/30 | 1,605,150 | |||||||||||||
25,500,000,000 | Indonesia Treasury Bond | 7.500 | 08/15/32 | 1,444,198 | ||||||||||||||
$ | 2,050,000 | g | Iraq Government International Bond | 5.800 | 01/15/28 | 1,558,410 | ||||||||||||
3,100,000 | Israel Government International Bond | 3.250 | 01/17/28 | 3,288,236 | ||||||||||||||
2,175,000 | Israel Government International Bond | 4.125 | 01/17/48 | 2,327,398 | ||||||||||||||
1,496,250 | g | Ivory Coast Government International Bond (Step Bond) | 5.750 | 12/31/32 | 1,339,144 | |||||||||||||
3,050,000 | Jamaica Government International Bond | 7.875 | 07/28/45 | 3,263,531 | ||||||||||||||
1,000,000 | g | Japan Finance Organization for Municipalities | 2.000 | 09/08/20 | 1,004,784 | |||||||||||||
1,280,000 | g | Japan Finance Organization for Municipalities | 2.125 | 04/13/21 | 1,297,499 | |||||||||||||
1,500,000 | g | Japan Finance Organization for Municipalities | 3.000 | 03/12/24 | 1,618,137 | |||||||||||||
1,500,000 | g | Jordan Government International Bond | 5.750 | 01/31/27 | 1,322,053 | |||||||||||||
1,375,000 | g | Kenya Government International Bond | 7.000 | 05/22/27 | 1,265,325 | |||||||||||||
1,150,000 | g | Kommunalbanken AS. | 1.375 | 10/26/20 | 1,153,739 | |||||||||||||
2,080,000 | g | Kommunalbanken AS. | 2.750 | 02/05/24 | 2,244,455 | |||||||||||||
2,000,000 | i | Korea Development Bank | LIBOR 3 M + 0.550% | 1.334 | 03/12/21 | 1,997,611 | ||||||||||||
1,650,000 | g | Korea Housing Finance Corp | 2.000 | 10/11/21 | 1,658,811 | |||||||||||||
1,500,000 | g | Korea Housing Finance Corp | 3.000 | 10/31/22 | 1,555,290 | |||||||||||||
15,000,000 | Kreditanstalt fuer Wiederaufbau | 2.750 | 10/01/20 | 15,165,338 | ||||||||||||||
2,200,000 | Mexico Government International Bond | 4.150 | 03/28/27 | 2,248,400 | ||||||||||||||
1,950,000 | Mexico Government International Bond | 3.250 | 04/16/30 | 1,828,125 | ||||||||||||||
3,424,000 | Mexico Government International Bond | 6.050 | 01/11/40 | 4,056,995 | ||||||||||||||
1,500,000 | g | Mongolia Government International Bond | 5.125 | 12/05/22 | 1,334,013 | |||||||||||||
2,000,000 | g | Morocco Government International Bond | 5.500 | 12/11/42 | 2,120,240 | |||||||||||||
2,500,000 | g | Namibia Government International Bond | 5.250 | 10/29/25 | 2,141,042 | |||||||||||||
2,000,000 | g | Nederlandse Waterschapsbank NV | 2.125 | 11/15/21 | 2,047,817 | |||||||||||||
2,000,000 | g | Nederlandse Waterschapsbank NV | 3.125 | 12/05/22 | 2,130,347 | |||||||||||||
2,425,000 | g | Nigeria Government International Bond | 6.500 | 11/28/27 | 1,673,154 | |||||||||||||
1,500,000 | g | Oman Government International Bond | 6.000 | 08/01/29 | 1,075,955 | |||||||||||||
3,000,000 | Panama Government International Bond | 4.300 | 04/29/53 | 3,228,780 | ||||||||||||||
3,225,000 | g | Panama Notas del Tesoro | 3.750 | 04/17/26 | 3,225,000 | |||||||||||||
475,000 | g | Paraguay Government International Bond | 4.700 | 03/27/27 | 475,005 | |||||||||||||
725,000 | g | Paraguay Government International Bond | 5.400 | 03/30/50 | 725,007 | |||||||||||||
3,400,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 3,424,786 | |||||||||||||
4,650,000 | g | Perusahaan Penerbit SBSN Indonesia III | 4.400 | 03/01/28 | 4,696,826 | |||||||||||||
1,825,000 | Peruvian Government International Bond | 4.125 | 08/25/27 | 2,057,706 | ||||||||||||||
PEN | 6,775,000 | g | Peruvian Government International Bond | 5.400 | 08/12/34 | 1,954,469 | ||||||||||||
$ | 633,333 | g | Petroamazonas EP | 4.625 | 11/06/20 | 618,968 | ||||||||||||
2,600,000 | Philippine Government International Bond | 3.750 | 01/14/29 | 2,860,616 | ||||||||||||||
620,000 | Province of Quebec Canada | 7.500 | 09/15/29 | 938,450 | ||||||||||||||
1,500,000 | g | Provincia de Mendoza Argentina | 8.375 | 05/19/24 | 675,000 |
167 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 1,300,000 | g | Republic of Belarus International Bond | 7.625 | % | 06/29/27 | $ | 1,302,827 | ||||||||||
5,000,000 | Republic of Italy Government International Bond | 4.000 | 10/17/49 | 4,680,042 | ||||||||||||||
2,200,000 | g | Republic of Paraguay | 6.100 | 08/11/44 | 2,310,022 | |||||||||||||
2,150,000 | g | Republic of Uzbekistan Government International Bond | 4.750 | 02/20/24 | 2,102,443 | |||||||||||||
5,400,000 | g | Saudi Government International Bond | 4.500 | 04/17/30 | 5,828,898 | |||||||||||||
2,000,000 | g | Saudi Government International Bond | 3.750 | 01/21/55 | 1,840,188 | |||||||||||||
1,500,000 | g | Senegal Government International Bond | 6.250 | 05/23/33 | 1,342,009 | |||||||||||||
RSD | 290,000,000 | Serbia Treasury Bonds | 5.875 | 02/08/28 | 3,261,259 | |||||||||||||
$ | 2,000,000 | South Africa Government International Bond | 5.875 | 09/16/25 | 1,911,160 | |||||||||||||
2,900,000 | g | Southern Gas Corridor CJSC | 6.875 | 03/24/26 | 2,955,680 | |||||||||||||
1,500,000 | g | Sri Lanka Government International Bond | 6.850 | 03/14/24 | 943,937 | |||||||||||||
2,050,000 | State of Israel | 3.375 | 01/15/50 | 1,988,500 | ||||||||||||||
1,700,000 | Svensk Exportkredit AB | 1.750 | 05/18/20 | 1,699,095 | ||||||||||||||
EUR | 3,475,000 | g | Ukraine Government International Bond | 4.375 | 01/27/30 | 3,066,344 | ||||||||||||
$ | 1,026,946 | Uruguay Government International Bond | 4.375 | 01/23/31 | 1,116,814 | |||||||||||||
2,400,000 | †,g | Zambia Government International Bond | 8.500 | 04/14/24 | 936,581 | |||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 191,681,711 | |||||||||||||||||
MORTGAGE BACKED - 11.6% | ||||||||||||||||||
629 | Federal Home Loan Mortgage Corp (FHLMC) | 7.500 | 11/15/21 | 651 | ||||||||||||||
911 | FHLMC | 6.000 | 05/15/22 | 937 | ||||||||||||||
9,825,000 | FHLMC | 3.000 | 10/15/33 | 10,955,221 | ||||||||||||||
5,586,748 | FHLMC | 3.500 | 08/15/43 | 5,947,913 | ||||||||||||||
5,566,577 | i | FHLMC | 5.215 | 03/15/44 | 1,086,274 | |||||||||||||
16,371,631 | FHLMC | 4.000 | 10/01/47 | 17,818,266 | ||||||||||||||
7,797,972 | i | FHLMC | 8.793 | 06/15/48 | 9,337,182 | |||||||||||||
2,548,376 | FHLMC | 3.000 | 09/01/48 | 2,689,367 | ||||||||||||||
9,414,998 | i | FHLMC | 8.713 | 10/15/48 | 11,868,125 | |||||||||||||
129 | Federal Home Loan Mortgage Corp Gold (FGLMC) | 7.000 | 10/01/20 | 130 | ||||||||||||||
689 | FGLMC | 8.000 | 01/01/31 | 717 | ||||||||||||||
14,075 | FGLMC | 8.000 | 09/01/31 | 16,647 | ||||||||||||||
75,809 | FGLMC | 7.000 | 12/01/31 | 88,000 | ||||||||||||||
69,273 | FGLMC | 4.500 | 07/01/33 | 75,737 | ||||||||||||||
472,430 | FGLMC | 7.000 | 12/01/33 | 557,446 | ||||||||||||||
165,435 | FGLMC | 4.500 | 04/01/35 | 180,926 | ||||||||||||||
150,861 | FGLMC | 7.000 | 05/01/35 | 178,290 | ||||||||||||||
2,864,596 | FGLMC | 5.000 | 06/01/36 | 3,187,830 | ||||||||||||||
120,944 | FGLMC | 5.000 | 07/01/39 | 134,092 | ||||||||||||||
2,589,486 | FGLMC | 5.000 | 08/01/44 | 2,880,088 | ||||||||||||||
143,183 | FGLMC | 4.500 | 11/01/44 | 159,168 | ||||||||||||||
216,149 | FGLMC | 4.500 | 11/01/44 | 240,106 | ||||||||||||||
92,740 | FGLMC | 4.500 | 12/01/44 | 101,567 | ||||||||||||||
132,456 | FGLMC | 4.500 | 12/01/44 | 147,071 | ||||||||||||||
1,007,573 | FGLMC | 3.500 | 04/01/45 | 1,082,631 | ||||||||||||||
22,180,826 | FGLMC | 3.500 | 08/01/45 | 23,881,949 | ||||||||||||||
27,043,993 | FGLMC | 3.500 | 10/01/45 | 29,017,130 | ||||||||||||||
5,604,636 | FGLMC | 4.000 | 12/01/45 | 6,113,452 | ||||||||||||||
31,576,806 | FGLMC | 3.500 | 08/01/46 | 33,881,005 | ||||||||||||||
28,098,056 | FGLMC | 3.000 | 02/01/47 | 29,636,928 | ||||||||||||||
7,304,215 | FGLMC | 4.500 | 06/01/47 | 8,112,727 | ||||||||||||||
6,545,282 | FGLMC | 4.000 | 09/01/47 | 7,183,327 | ||||||||||||||
8,404,964 | FGLMC | 3.500 | 12/01/47 | 9,017,739 |
168 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 22,125,127 | FGLMC | 3.500 | % | 03/01/48 | $ | 23,735,890 | |||||||||||
19,504,830 | FGLMC | 4.000 | 03/01/48 | 21,226,106 | ||||||||||||||
4,738,729 | FGLMC | 4.000 | 07/01/48 | 5,156,940 | ||||||||||||||
23,699,078 | FGLMC | 4.500 | 08/01/48 | 25,961,933 | ||||||||||||||
82 | Federal National Mortgage Association (FNMA) | 6.500 | 07/25/20 | 83 | ||||||||||||||
223 | FNMA | 8.000 | 07/01/24 | 248 | ||||||||||||||
182 | FNMA | 7.500 | 01/01/29 | 203 | ||||||||||||||
1,038 | FNMA | 7.500 | 03/01/31 | 1,248 | ||||||||||||||
1,974,726 | FNMA | 3.500 | 05/01/32 | 2,085,288 | ||||||||||||||
1,013,114 | FNMA | 3.500 | 11/01/32 | 1,071,665 | ||||||||||||||
1,104,356 | FNMA | 5.000 | 05/01/35 | 1,226,819 | ||||||||||||||
821,460 | FNMA | 5.000 | 10/01/35 | 914,538 | ||||||||||||||
435,057 | FNMA | 5.000 | 02/01/36 | 484,425 | ||||||||||||||
433,645 | FNMA | 5.500 | 11/01/38 | 491,823 | ||||||||||||||
367,122 | FNMA | 5.500 | 03/01/39 | 414,763 | ||||||||||||||
15,101,821 | FNMA | 3.000 | 10/01/39 | 15,873,189 | ||||||||||||||
906,038 | FNMA | 5.000 | 09/01/40 | 1,004,373 | ||||||||||||||
471,771 | FNMA | 4.000 | 02/01/41 | 510,499 | ||||||||||||||
750,495 | FNMA | 5.000 | 05/01/41 | 832,637 | ||||||||||||||
13,993,546 | FNMA | 4.000 | 09/01/42 | 15,350,354 | ||||||||||||||
1,243,812 | FNMA | 3.500 | 04/01/43 | 1,335,706 | ||||||||||||||
6,271,300 | FNMA | 3.000 | 04/25/43 | 6,663,016 | ||||||||||||||
1,071,628 | FNMA | 3.500 | 09/01/43 | 1,150,806 | ||||||||||||||
5,898,352 | i | FNMA | 5.003 | 09/25/43 | 1,238,073 | |||||||||||||
3,651,334 | FNMA | 4.000 | 01/01/44 | 3,974,481 | ||||||||||||||
2,616,106 | FNMA | 4.500 | 03/01/44 | 2,940,988 | ||||||||||||||
1,096,531 | FNMA | 4.500 | 06/01/44 | 1,218,942 | ||||||||||||||
4,268,737 | FNMA | 4.500 | 06/01/44 | 4,744,520 | ||||||||||||||
1,139,113 | FNMA | 3.500 | 07/01/44 | 1,219,974 | ||||||||||||||
2,644,477 | FNMA | 4.500 | 08/01/44 | 2,938,223 | ||||||||||||||
3,586,648 | FNMA | 4.500 | 10/01/44 | 3,985,763 | ||||||||||||||
2,805,419 | FNMA | 4.500 | 11/01/44 | 3,114,826 | ||||||||||||||
2,853,367 | FNMA | 5.000 | 11/01/44 | 3,162,227 | ||||||||||||||
643,399 | FNMA | 4.500 | 12/01/44 | 715,108 | ||||||||||||||
3,038,841 | FNMA | 4.000 | 01/01/45 | 3,335,862 | ||||||||||||||
7,475,397 | FNMA | 3.000 | 02/25/45 | 7,871,640 | ||||||||||||||
2,155,768 | FNMA | 3.000 | 02/25/45 | 2,262,910 | ||||||||||||||
269,751 | FNMA | 3.500 | 03/01/45 | 289,771 | ||||||||||||||
184,334 | FNMA | 3.500 | 03/01/45 | 198,014 | ||||||||||||||
2,169,384 | FNMA | 3.000 | 03/25/45 | 2,303,677 | ||||||||||||||
5,279,443 | FNMA | 3.500 | 04/25/45 | 5,555,218 | ||||||||||||||
2,615,788 | FNMA | 3.500 | 05/01/45 | 2,815,563 | ||||||||||||||
4,716,735 | FNMA | 4.000 | 06/01/45 | 5,101,960 | ||||||||||||||
5,849,195 | FNMA | 4.000 | 12/01/45 | 6,362,894 | ||||||||||||||
15,926,296 | FNMA | 3.000 | 12/25/45 | 17,003,959 | ||||||||||||||
5,728,343 | FNMA | 3.500 | 01/01/46 | 6,144,720 | ||||||||||||||
5,132,043 | FNMA | 4.000 | 01/01/46 | 5,586,426 | ||||||||||||||
4,879,423 | FNMA | 4.000 | 03/01/46 | 5,275,794 | ||||||||||||||
4,668,039 | FNMA | 3.500 | 06/01/46 | 5,007,357 | ||||||||||||||
8,916,289 | FNMA | 3.500 | 07/01/46 | 9,564,407 | ||||||||||||||
18,514,102 | FNMA | 3.500 | 07/01/46 | 19,874,196 | ||||||||||||||
8,320,726 | FNMA | 3.000 | 10/01/46 | 8,638,504 | ||||||||||||||
2,677,012 | FNMA | 3.500 | 10/01/46 | 2,871,610 |
169 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 19,703,195 | FNMA | 3.000 | % | 11/01/46 | $ | 20,787,436 | |||||||||||
3,284,190 | FNMA | 3.000 | 04/25/47 | 3,499,994 | ||||||||||||||
5,331,265 | FNMA | 4.500 | 05/01/47 | 5,833,715 | ||||||||||||||
9,665,561 | FNMA | 3.500 | 08/01/47 | 10,293,259 | ||||||||||||||
3,215,465 | FNMA | 3.500 | 09/01/47 | 3,420,814 | ||||||||||||||
3,697,088 | FNMA | 3.000 | 11/01/47 | 3,837,713 | ||||||||||||||
4,940,327 | FNMA | 3.000 | 11/01/47 | 5,127,406 | ||||||||||||||
9,360,459 | FNMA | 3.500 | 11/01/47 | 10,076,438 | ||||||||||||||
27,477,276 | FNMA | 4.000 | 12/01/47 | 29,905,375 | ||||||||||||||
13,905,175 | h | FNMA | 3.500 | 01/01/48 | 14,970,467 | |||||||||||||
4,624,122 | FNMA | 3.500 | 01/01/48 | 4,976,449 | ||||||||||||||
6,140,648 | FNMA | 4.500 | 01/01/48 | 6,727,151 | ||||||||||||||
2,386,360 | FNMA | 4.500 | 02/01/48 | 2,613,214 | ||||||||||||||
26,786,932 | FNMA | 3.000 | 02/25/48 | 28,341,466 | ||||||||||||||
5,106,615 | FNMA | 4.000 | 03/01/48 | 5,555,289 | ||||||||||||||
10,397,632 | FNMA | 4.500 | 03/01/48 | 11,386,040 | ||||||||||||||
4,282,397 | FNMA | 4.500 | 05/01/48 | 4,689,505 | ||||||||||||||
3,299,327 | FNMA | 4.500 | 05/01/48 | 3,612,982 | ||||||||||||||
4,363,162 | FNMA | 5.000 | 06/01/48 | 4,715,064 | ||||||||||||||
4,683,070 | FNMA | 5.000 | 08/01/48 | 5,190,723 | ||||||||||||||
8,529,696 | FNMA | 3.000 | 11/25/48 | 873,805 | ||||||||||||||
54,000,000 | h | FNMA | 3.000 | 04/25/49 | 56,626,172 | |||||||||||||
7,000,000 | h | FNMA | 3.500 | 04/25/49 | 7,404,961 | |||||||||||||
249,857 | FNMA | 3.000 | 05/01/49 | 259,058 | ||||||||||||||
4,811,854 | FNMA | 3.000 | 06/01/49 | 4,989,377 | ||||||||||||||
4,314,595 | FNMA | 3.000 | 08/01/49 | 4,569,590 | ||||||||||||||
605,000 | FNMA | 2.500 | 04/01/50 | 627,002 | ||||||||||||||
46,070 | Government National Mortgage Association (GNMA) | 6.500 | 11/20/38 | 54,780 | ||||||||||||||
11,817 | GNMA | 4.500 | 02/20/39 | 13,601 | ||||||||||||||
415,164 | GNMA | 5.000 | 06/15/39 | 469,913 | ||||||||||||||
15,915 | GNMA | 4.500 | 08/20/41 | 17,944 | ||||||||||||||
55,923 | GNMA | 4.500 | 09/20/41 | 64,317 | ||||||||||||||
1,406,895 | GNMA | 3.500 | 06/15/42 | 1,514,652 | ||||||||||||||
11,802 | GNMA | 4.500 | 01/20/44 | 13,590 | ||||||||||||||
11,102 | GNMA | 4.500 | 02/20/44 | 12,583 | ||||||||||||||
25,239 | GNMA | 4.500 | 05/20/44 | 29,052 | ||||||||||||||
160,316 | GNMA | 4.500 | 05/20/44 | 184,575 | ||||||||||||||
181,601 | GNMA | 4.500 | 08/20/44 | 208,941 | ||||||||||||||
117,593 | GNMA | 4.500 | 09/20/44 | 135,410 | ||||||||||||||
70,179 | GNMA | 4.500 | 10/20/44 | 79,848 | ||||||||||||||
27,674 | GNMA | 4.500 | 11/20/44 | 29,937 | ||||||||||||||
115,401 | GNMA | 4.500 | 12/20/44 | 132,856 | ||||||||||||||
154,425 | GNMA | 4.500 | 02/20/45 | 173,769 | ||||||||||||||
180,887 | GNMA | 4.500 | 08/20/45 | 208,299 | ||||||||||||||
181,000 | GNMA | 4.500 | 08/20/45 | 208,428 | ||||||||||||||
167,444 | GNMA | 4.500 | 12/20/45 | 190,050 | ||||||||||||||
5,282,358 | † | GNMA | 4.000 | 06/20/46 | 628,926 | |||||||||||||
11,065,659 | GNMA | 3.500 | 01/20/49 | 12,077,083 | ||||||||||||||
TOTAL MORTGAGE BACKED | �� | 763,747,817 | ||||||||||||||||
MUNICIPAL BONDS - 4.9% | ||||||||||||||||||
7,910,000 | Alabama Economic Settlement Authority | 3.163 | 09/15/25 | 8,168,815 | ||||||||||||||
990,000 | Chicago Housing Authority | 3.682 | 01/01/25 | 1,076,863 |
170 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 380,000 | City & County of San Francisco CA Community Facilities District | 3.028 | % | 09/01/23 | $ | 396,880 | |||||||||||
550,000 | City & County of San Francisco CA Community Facilities District | 4.038 | 09/01/34 | 604,076 | ||||||||||||||
3,605,000 | City of Austin TX Electric Utility Revenue | 2.456 | 11/15/22 | 3,685,283 | ||||||||||||||
2,950,000 | City of Austin TX Electric Utility Revenue | 2.524 | 11/15/23 | 3,025,520 | ||||||||||||||
3,595,000 | City of Austin TX Electric Utility Revenue | 2.574 | 11/15/24 | 3,712,808 | ||||||||||||||
2,210,000 | City of Austin TX Electric Utility Revenue | 2.677 | 11/15/25 | 2,291,107 | ||||||||||||||
3,670,000 | City of Los Angeles CA | 3.320 | 09/01/24 | 3,900,770 | ||||||||||||||
3,670,000 | City of Los Angeles CA | 3.450 | 09/01/25 | 3,946,571 | ||||||||||||||
4,945,000 | City of New York NY | 3.200 | 12/01/26 | 5,374,572 | ||||||||||||||
3,935,000 | Commonwealth Financing Authority | 3.864 | 06/01/38 | 4,343,492 | ||||||||||||||
1,875,000 | County of Miami-Dade FL Aviation Revenue | 1.885 | 10/01/21 | 1,855,200 | ||||||||||||||
1,500,000 | County of Miami-Dade FL Aviation Revenue | 2.218 | 10/01/22 | 1,490,595 | ||||||||||||||
1,500,000 | County of Miami-Dade FL Aviation Revenue | 2.368 | 10/01/23 | 1,484,670 | ||||||||||||||
2,500,000 | County of Miami-Dade FL Aviation Revenue | 3.285 | 10/01/23 | 2,625,625 | ||||||||||||||
3,500,000 | County of Miami-Dade FL Aviation Revenue | 2.504 | 10/01/24 | 3,460,275 | ||||||||||||||
2,250,000 | County of Miami-Dade FL Aviation Revenue | 3.405 | 10/01/24 | 2,402,887 | ||||||||||||||
3,500,000 | County of Miami-Dade FL Aviation Revenue | 2.604 | 10/01/25 | 3,436,825 | ||||||||||||||
2,380,000 | County of Miami-Dade FL Aviation Revenue | 3.505 | 10/01/25 | 2,567,877 | ||||||||||||||
2,500,000 | County of Miami-Dade FL Aviation Revenue | 2.704 | 10/01/26 | 2,473,375 | ||||||||||||||
2,000,000 | County of Miami-Dade FL Aviation Revenue | 3.049 | 10/01/26 | 2,137,960 | ||||||||||||||
3,750,000 | County of Miami-Dade FL Aviation Revenue | 3.612 | 10/01/26 | 4,158,825 | ||||||||||||||
470,000 | County of Miami-Dade FL Aviation Revenue | 4.280 | 10/01/41 | 501,730 | ||||||||||||||
4,265,000 | Denver City & County School District No. 1 | 3.598 | 12/15/27 | 4,604,451 | ||||||||||||||
22,175,000 | Florida Hurricane Catastrophe Fund Finance Corp | 2.995 | 07/01/20 | 22,154,377 | ||||||||||||||
8,840,000 | Health & Educational Facilities Authority of the State of Missouri | 3.651 | 01/15/46 | 9,884,534 | ||||||||||||||
5,075,000 | Illinois Finance Authority | 3.944 | 08/15/47 | 5,538,652 | ||||||||||||||
2,350,000 | Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy | 1.500 | 09/01/21 | 2,344,007 | ||||||||||||||
1,000,000 | Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy | 2.000 | 09/01/22 | 1,006,480 | ||||||||||||||
4,805,000 | Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy | 3.375 | 09/01/35 | 4,933,870 | ||||||||||||||
6,335,000 | Michigan Finance Authority | 2.862 | 09/01/49 | 6,374,214 | ||||||||||||||
6,650,000 | Michigan Finance Authority | 2.988 | 09/01/49 | 6,592,743 | ||||||||||||||
3,400,000 | New Jersey Economic Development Authority | 7.425 | 02/15/29 | 4,056,166 | ||||||||||||||
4,075,000 | New York State Dormitory Authority | 4.294 | 07/01/44 | 4,492,402 | ||||||||||||||
6,000,000 | New York State Dormitory Authority | 3.879 | 07/01/46 | 6,237,000 | ||||||||||||||
850,000 | Oklahoma City Economic Development Trust | 3.172 | 09/01/21 | 871,820 | ||||||||||||||
1,120,000 | Oklahoma City Economic Development Trust | 3.222 | 09/01/22 | 1,169,493 | ||||||||||||||
810,000 | Oklahoma City Economic Development Trust | 3.440 | 09/01/24 | 874,687 | ||||||||||||||
7,500,000 | Port of Morrow OR | 1.582 | 09/01/20 | 7,487,400 | ||||||||||||||
5,000,000 | Port of Morrow OR | 1.782 | 09/01/21 | 5,025,000 | ||||||||||||||
2,000,000 | Port of Seattle WA | 3.471 | 05/01/31 | 2,141,080 | ||||||||||||||
1,625,000 | Port of Seattle WA | 3.571 | 05/01/32 | 1,743,365 | ||||||||||||||
4,355,000 | Public Finance Authority | 4.269 | 07/01/40 | 4,849,597 | ||||||||||||||
1,000,000 | Regents of the University of California Medical Center Pooled Revenue | 2.037 | 05/15/23 | 1,030,410 | ||||||||||||||
1,000,000 | Regents of the University of California Medical Center Pooled Revenue | 2.259 | 05/15/24 | 1,042,110 |
171 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 1,250,000 | Regents of the University of California Medical Center Pooled Revenue | 2.359 | % | 05/15/25 | $ | 1,314,600 | |||||||||||
1,785,000 | Regents of the University of California Medical Center Pooled Revenue | 2.459 | 05/15/26 | 1,905,291 | ||||||||||||||
1,600,000 | Regents of the University of California Medical Center Pooled Revenue | 2.559 | 05/15/27 | 1,716,480 | ||||||||||||||
700,000 | Regents of the University of California Medical Center Pooled Revenue | 2.659 | 05/15/28 | 757,365 | ||||||||||||||
905,000 | Regents of the University of California Medical Center Pooled Revenue | 2.759 | 05/15/29 | 989,627 | ||||||||||||||
3,980,000 | Rhode Island Convention Center Authority | 3.195 | 05/15/26 | 4,288,490 | ||||||||||||||
4,500,000 | San Francisco City & County Redevelopment Agency | 2.526 | 08/01/20 | 4,511,700 | ||||||||||||||
5,000,000 | San Francisco City & County Redevelopment Agency | 2.813 | 08/01/21 | 5,061,800 | ||||||||||||||
875,000 | San Francisco City & County Redevelopment Agency | 3.113 | 08/01/22 | 899,868 | ||||||||||||||
6,365,000 | San Jose Redevelopment Agency | 3.375 | 08/01/34 | 6,421,585 | ||||||||||||||
165,000 | Santa Ana Community Redevelopment Agency Successor Agency | 3.346 | 09/01/21 | 170,107 | ||||||||||||||
660,000 | Santa Ana Community Redevelopment Agency Successor Agency | 3.467 | 09/01/22 | 696,221 | ||||||||||||||
660,000 | Santa Ana Community Redevelopment Agency Successor Agency | 3.567 | 09/01/23 | 711,559 | ||||||||||||||
13,060,000 | State of California | 4.600 | 04/01/38 | 14,379,974 | ||||||||||||||
3,460,000 | State of Georgia | 1.910 | 02/01/23 | 3,521,069 | ||||||||||||||
1,845,000 | State of Illinois | 4.700 | 01/01/21 | 1,883,450 | ||||||||||||||
21,060,000 | State of Illinois | 5.100 | 06/01/33 | 20,904,788 | ||||||||||||||
13,000,000 | State of Michigan | 1.779 | 11/01/21 | 13,139,100 | ||||||||||||||
7,000,000 | State of Michigan | 1.966 | 11/01/22 | 7,167,790 | ||||||||||||||
3,500,000 | State of Texas | 3.225 | 10/01/24 | 3,779,965 | ||||||||||||||
1,000,000 | State of Texas | 3.295 | 10/01/25 | 1,092,040 | ||||||||||||||
9,900,000 | State of Wisconsin | 3.154 | 05/01/27 | 9,812,484 | ||||||||||||||
1,763,000 | State Public School Building Authority | 5.000 | 09/15/27 | 2,045,309 | ||||||||||||||
7,500,000 | Texas A&M University | 3.993 | 05/15/37 | 8,153,625 | ||||||||||||||
1,920,000 | University of California | 1.534 | 05/15/20 | 1,919,712 | ||||||||||||||
1,000,000 | University of California | 1.784 | 05/15/21 | 1,004,090 | ||||||||||||||
15,000,000 | University of California | 1.910 | 05/15/21 | 15,070,350 | ||||||||||||||
3,000,000 | University of California | 2.220 | 05/15/23 | 3,060,630 | ||||||||||||||
2,000,000 | University of California | 2.439 | 05/15/24 | 2,062,760 | ||||||||||||||
2,000,000 | University of California | 2.589 | 05/15/25 | 2,080,620 | ||||||||||||||
6,635,000 | University of California | 3.552 | 05/15/39 | 7,304,140 | ||||||||||||||
TOTAL MUNICIPAL BONDS | 321,403,048 | |||||||||||||||||
U.S. TREASURY SECURITIES - 8.8% | ||||||||||||||||||
5,000,000 | United States Treasury Bond | 4.500 | 02/15/36 | 7,684,570 | ||||||||||||||
2,250,000 | United States Treasury Bond | 4.750 | 02/15/37 | 3,593,760 | ||||||||||||||
60,875,000 | United States Treasury Bond | 3.500 | 02/15/39 | 86,663,647 | ||||||||||||||
16,015,000 | United States Treasury Bond | 3.875 | 08/15/40 | 24,030,007 | ||||||||||||||
12,000,000 | United States Treasury Bond | 3.125 | 11/15/41 | 16,387,031 | ||||||||||||||
14,380,000 | United States Treasury Bond | 2.500 | 05/15/46 | 18,090,152 | ||||||||||||||
10,450,000 | United States Treasury Bond | 3.000 | 05/15/47 | 14,446,309 | ||||||||||||||
1,255,000 | United States Treasury Bond | 2.750 | 08/15/47 | 1,658,904 | ||||||||||||||
51,285,000 | United States Treasury Bond | 2.750 | 11/15/47 | 67,882,509 |
172 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 68,790,000 | United States Treasury Bond | 3.000 | % | 02/15/48 | $ | 95,223,095 | |||||||||||
3,510,000 | United States Treasury Bond | 3.125 | 05/15/48 | 4,976,796 | ||||||||||||||
19,070,000 | United States Treasury Bond | 3.000 | 08/15/48 | 26,514,749 | ||||||||||||||
64,641,000 | United States Treasury Bond | 3.375 | 11/15/48 | 95,971,685 | ||||||||||||||
12,091,000 | United States Treasury Bond | 2.875 | 05/15/49 | 16,511,300 | ||||||||||||||
870,000 | United States Treasury Bond | 2.375 | 11/15/49 | 1,085,869 | ||||||||||||||
18,818,048 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 04/15/24 | 19,093,343 | |||||||||||||
9,960,000 | United States Treasury Note | 2.500 | 12/31/20 | 10,136,245 | ||||||||||||||
9,450,000 | United States Treasury Note | 2.500 | 02/28/21 | 9,654,504 | ||||||||||||||
7,115,000 | United States Treasury Note | 1.625 | 12/31/21 | 7,288,706 | ||||||||||||||
6,775,000 | United States Treasury Note | 1.375 | 01/31/22 | 6,917,381 | ||||||||||||||
25,930,000 | United States Treasury Note | 0.500 | 03/15/23 | 26,092,062 | ||||||||||||||
681,000 | United States Treasury Note | 1.875 | 07/31/26 | 738,779 | ||||||||||||||
10,590,000 | United States Treasury Note | 1.625 | 10/31/26 | 11,337,505 | ||||||||||||||
3,150,000 | United States Treasury Note | 2.875 | 08/15/28 | 3,726,105 | ||||||||||||||
2,530,000 | United States Treasury Note | 3.125 | 11/15/28 | 3,055,370 | ||||||||||||||
600,000 | United States Treasury Note | 2.625 | 02/15/29 | 701,578 | ||||||||||||||
TOTAL U.S. TREASURY SECURITIES | 579,461,961 | |||||||||||||||||
TOTAL GOVERNMENT BONDS | 1,886,685,489 | |||||||||||||||||
(Cost $1,728,615,751) | ||||||||||||||||||
STRUCTURED ASSETS - 22.0% | ||||||||||||||||||
ASSET BACKED - 10.5% | ||||||||||||||||||
16,750,000 | Ally Auto Receivables Trust | 1.840 | 06/17/24 | 16,812,844 | ||||||||||||||
Series - 2019 4 (Class A3) | ||||||||||||||||||
320,751 | American Airlines Pass Through Trust | 3.575 | 01/15/28 | 304,291 | ||||||||||||||
Series - 2016 1 (Class AA) | ||||||||||||||||||
26,900,000 | American Express Credit Account Master Trust | 2.670 | 11/15/24 | 27,644,735 | ||||||||||||||
Series - 2019 2 (Class A) | ||||||||||||||||||
831,189 | g | American Homes 4 Rent Trust | 3.786 | 10/17/36 | 835,332 | |||||||||||||
Series - 2014 SFR2 (Class A) | ||||||||||||||||||
4,000,000 | AmeriCredit Automobile Receivables Trust | 2.740 | 12/08/22 | 3,942,145 | ||||||||||||||
Series - 2016 4 (Class D) | ||||||||||||||||||
3,175,000 | AmeriCredit Automobile Receivables Trust | 2.060 | 04/18/24 | 3,221,971 | ||||||||||||||
Series - 2019 3 (Class A3) | ||||||||||||||||||
5,500,000 | AmeriCredit Automobile Receivables Trust | 1.110 | 08/19/24 | 5,374,109 | ||||||||||||||
Series - 2020 1 (Class A3) | ||||||||||||||||||
1,235,000 | g | AMSR Trust | 1.819 | 04/17/37 | 1,145,093 | |||||||||||||
Series - 2020 SFR1 (Class A) | ||||||||||||||||||
2,000,000 | g,i | AMSR Trust | 3.148 | 01/19/39 | 1,642,013 | |||||||||||||
Series - 2019 SFR1 (Class C) | ||||||||||||||||||
1,700,000 | g,i | AMSR Trust | 3.247 | 01/19/39 | 1,356,638 | |||||||||||||
Series - 2019 SFR1 (Class D) | ||||||||||||||||||
7,145,000 | g | Applebee’s Funding LLC | 4.194 | 06/07/49 | 6,498,377 | |||||||||||||
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) | ||||||||||||||||||
556,052 | i | Asset Backed Securities Corp Home Equity Loan Trust | 3.386 | 08/25/34 | 523,287 | |||||||||||||
Series - 2004 HE5 (Class M1) | ||||||||||||||||||
10,000,000 | g | Atrium XV | 4.489 | 01/23/31 | 10,085,008 | |||||||||||||
Series - 2018 15A (Class A2) |
173 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 4,000,000 | g | Avis Budget Rental Car Funding AESOP LLC | 3.450 | % | 03/20/23 | $ | 3,936,103 | ||||||||||
Series - 2019 1A (Class A) | ||||||||||||||||||
6,000,000 | g | Avis Budget Rental Car Funding AESOP LLC | 3.070 | 09/20/23 | 5,633,384 | |||||||||||||
Series - 2017 1A (Class A) | ||||||||||||||||||
8,500,000 | g | Avis Budget Rental Car Funding AESOP LLC | 2.970 | 03/20/24 | 7,968,185 | |||||||||||||
Series - 2017 2A (Class A) | ||||||||||||||||||
9,100,000 | BA Credit Card Trust | 1.740 | 01/15/25 | 9,191,069 | ||||||||||||||
Series - 2019 A1 (Class A1) | ||||||||||||||||||
2,000,000 | i | Bayview Financial Mortgage Pass-Through Trust | 1.591 | 02/28/41 | 1,863,138 | |||||||||||||
Series - 2006 A (Class M3) | ||||||||||||||||||
9,717,000 | i | Bear Stearns Asset Backed Securities Trust | 1.617 | 04/25/36 | 9,293,485 | |||||||||||||
Series - 2006 SD1 (Class M1) | ||||||||||||||||||
2,070,125 | g | BRE Grand Islander Timeshare Issuer LLC | 3.280 | 09/26/33 | 2,044,125 | |||||||||||||
Series - 2019 A (Class A) | ||||||||||||||||||
5,719,272 | g | Capital Automotive REIT | 3.660 | 10/15/44 | 5,159,819 | |||||||||||||
Series - 2014 1A (Class A) | ||||||||||||||||||
12,854,742 | g | Capital Automotive REIT | 3.870 | 04/15/47 | 11,264,384 | |||||||||||||
Series - 2017 1A (Class A1) | ||||||||||||||||||
7,000,578 | g | Capital Automotive REIT | 2.690 | 02/15/50 | 6,895,569 | |||||||||||||
Series - 2020 1A (Class A1) | ||||||||||||||||||
5,850,000 | g | Capital Automotive REIT | 3.480 | 02/15/50 | 5,047,965 | |||||||||||||
Series - 2020 1A (Class A5) | ||||||||||||||||||
8,050,000 | Carmax Auto Owner Trust | 2.180 | 08/15/24 | 8,079,277 | ||||||||||||||
Series - 2019 3 (Class A3) | ||||||||||||||||||
7,500,000 | CarMax Auto Owner Trust | 1.890 | 12/16/24 | 7,522,304 | ||||||||||||||
Series - 2020 1 (Class A3) | ||||||||||||||||||
708,579 | i | C-BASS Trust | 1.027 | 07/25/36 | 644,083 | |||||||||||||
Series - 2006 CB6 (Class A1) | ||||||||||||||||||
8,817,685 | †,g,i | CBRE Realty Finance | 2.343 | 04/07/52 | 0 | |||||||||||||
Series - 2007 1A (Class A2) | ||||||||||||||||||
30,105,000 | Chase Issuance Trust | 1.530 | 01/15/25 | 30,303,675 | ||||||||||||||
Series - 2020 A1 (Class A1) | ||||||||||||||||||
48,490 | CIT Group Home Equity Loan Trust (Step Bond) | 6.200 | 02/25/30 | 47,727 | ||||||||||||||
Series - 2002 1 (Class AF6) | ||||||||||||||||||
470,000 | i | Citigroup Mortgage Loan Trust | 1.697 | 01/25/36 | 450,499 | |||||||||||||
Series - 2006 WFH1 (Class M4) | ||||||||||||||||||
1,265,000 | g | Corevest American Finance Trust | 1.832 | 03/15/50 | 1,178,474 | |||||||||||||
Series - 2020 1 (Class A1) | ||||||||||||||||||
12,218,750 | g | DB Master Finance LLC | 3.629 | 11/20/47 | 11,755,171 | |||||||||||||
Series - 2017 1A (Class A2I) | ||||||||||||||||||
1,627,700 | g | DB Master Finance LLC | 3.787 | 05/20/49 | 1,573,156 | |||||||||||||
Series - 2019 1A (Class A2I) | ||||||||||||||||||
1,116,563 | g | DB Master Finance LLC | 4.352 | 05/20/49 | 1,061,214 | |||||||||||||
Series - 2019 1A (Class A23) | ||||||||||||||||||
3,316,212 | g | Diamond Resorts Owner Trust | 2.890 | 02/20/32 | 3,198,725 | |||||||||||||
Series - 2019 1A (Class A) | ||||||||||||||||||
2,605,500 | g | Domino’s Pizza Master Issuer LLC | 4.474 | 10/25/45 | 2,528,664 | |||||||||||||
Series - 2015 1A (Class A2II) | ||||||||||||||||||
576,725 | g,i | Domino’s Pizza Master Issuer LLC | 3.044 | 07/25/47 | 539,740 | |||||||||||||
Series - 2017 1A (Class A2I) | ||||||||||||||||||
13,416,188 | g | Domino’s Pizza Master Issuer LLC | 3.082 | 07/25/47 | 12,951,048 | |||||||||||||
Series - 2017 1A (Class A2II) | ||||||||||||||||||
2,364,000 | g | Domino’s Pizza Master Issuer LLC | 4.116 | 07/25/48 | 2,282,489 | |||||||||||||
Series - 2018 1A (Class A2I) |
174 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 2,350,000 | g,i | Dryden Senior Loan Fund | 2.851 | % | 04/15/31 | $ | 2,232,910 | ||||||||||
Series - 2018 55A (Class A1) | ||||||||||||||||||
4,087,571 | g,i | Ellington Loan Acquisition Trust | 2.047 | 05/25/37 | 3,900,352 | |||||||||||||
Series - 2007 2 (Class A2C) | ||||||||||||||||||
10,120,000 | Ford Credit Auto Lease Trust | 2.220 | 10/15/22 | 10,120,147 | ||||||||||||||
Series - 2019 B (Class A3) | ||||||||||||||||||
12,200,000 | Ford Credit Auto Lease Trust | 1.850 | 03/15/23 | 11,996,595 | ||||||||||||||
Series - 2020 A (Class A3) | ||||||||||||||||||
4,000,000 | Ford Credit Auto Lease Trust | 1.880 | 05/15/23 | 3,984,041 | ||||||||||||||
Series - 2020 A (Class A4) | ||||||||||||||||||
2,500,000 | g | Ford Credit Auto Owner Trust | 2.310 | 08/15/27 | 2,477,210 | |||||||||||||
Series - 2016 1 (Class A) | ||||||||||||||||||
7,000,000 | g | Ford Credit Auto Owner Trust | 2.030 | 12/15/27 | 6,999,304 | |||||||||||||
Series - 2016 2 (Class A) | ||||||||||||||||||
2,000,000 | g | Ford Credit Auto Owner Trust | 2.620 | 08/15/28 | 1,994,500 | |||||||||||||
Series - 2017 1 (Class A) | ||||||||||||||||||
5,650,000 | Ford Credit Floorplan Master Owner Trust | 2.230 | 09/15/24 | 5,423,628 | ||||||||||||||
Series - 2019 3 (Class A1) | ||||||||||||||||||
750,000 | g,i | FREMF Mortgage Trust | 4.020 | 03/25/49 | 730,914 | |||||||||||||
Series - 2016 K53 (Class B) | ||||||||||||||||||
9,750,000 | GM Financial Automobile Leasing Trust | 1.670 | 12/20/22 | 9,575,324 | ||||||||||||||
Series - 2020 1 (Class A3) | ||||||||||||||||||
4,500,000 | GM Financial Automobile Leasing Trust | 1.750 | 07/16/24 | 4,532,728 | ||||||||||||||
Series - 2019 4 (Class A3) | ||||||||||||||||||
6,050,000 | GM Financial Consumer Automobile Receivables Trust | 1.840 | 09/16/24 | 6,053,891 | ||||||||||||||
Series - 2020 1 (Class A3) | ||||||||||||||||||
6,200,000 | GM Financial Securitized Term | 2.180 | 04/16/24 | 6,226,042 | ||||||||||||||
Series - 2019 3 (Class A3) | ||||||||||||||||||
1,614,527 | g | HERO Funding Trust | 3.190 | 09/20/48 | 1,586,334 | |||||||||||||
Series - 2017 3A (Class A1) | ||||||||||||||||||
588,258 | g | HERO Funding Trust | 3.280 | 09/20/48 | 605,906 | |||||||||||||
Series - 2017 2A (Class A1) | ||||||||||||||||||
2,098,885 | g | HERO Funding Trust | 3.950 | 09/20/48 | 2,114,248 | |||||||||||||
Series - 2017 3A (Class A2) | ||||||||||||||||||
1,176,516 | g | HERO Funding Trust | 4.070 | 09/20/48 | 1,228,675 | |||||||||||||
Series - 2017 2A (Class A2) | ||||||||||||||||||
2,750,000 | g | Hertz Vehicle Financing II LP | 3.710 | 03/25/23 | 2,669,034 | |||||||||||||
Series - 2019 1A (Class A) | ||||||||||||||||||
15,500,000 | g | Hertz Vehicle Financing II LP | 3.290 | 02/25/24 | 14,622,334 | |||||||||||||
Series - 2018 1A (Class A) | ||||||||||||||||||
2,500,000 | g | Hertz Vehicle Financing II LP | 3.420 | 05/25/25 | 2,391,830 | |||||||||||||
Series - 2019 2A (Class A) | ||||||||||||||||||
7,500,000 | g | Hertz Vehicle Financing LLC | 4.030 | 07/25/24 | 7,141,748 | |||||||||||||
Series - 2018 3A (Class A) | ||||||||||||||||||
1,558,177 | g | Hilton Grand Vacations Trust | 2.660 | 12/26/28 | 1,529,697 | |||||||||||||
Series - 2017 AA (Class A) | ||||||||||||||||||
1,168,633 | g | Hilton Grand Vacations Trust | 2.960 | 12/26/28 | 1,147,004 | |||||||||||||
Series - 2017 AA (Class B) | ||||||||||||||||||
1,624,576 | g | Hilton Grand Vacations Trust | 4.000 | 02/25/32 | 1,616,260 | |||||||||||||
Series - 2018 AA (Class C) | ||||||||||||||||||
2,255,860 | g | Hilton Grand Vacations Trust | 2.340 | 07/25/33 | 1,911,758 | |||||||||||||
Series - 2019 AA (Class A) |
175 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 4,746,330 | g | Hilton Grand Vacations Trust | 2.840 | % | 07/25/33 | $ | 3,855,028 | ||||||||||
Series - 2019 AA (Class C) | ||||||||||||||||||
166,799 | i | Home Equity Asset Trust | 3.986 | 06/25/33 | 156,658 | |||||||||||||
Series - 2003 1 (Class M1) | ||||||||||||||||||
11,500,000 | Honda Auto Receivables Owner Trust | 1.830 | 01/18/24 | 11,413,643 | ||||||||||||||
Series - 2019 4 (Class A3) | ||||||||||||||||||
4,269,231 | g | Horizon Aircraft Finance II Ltd | 3.721 | 07/15/39 | 2,986,909 | |||||||||||||
Series - 2019 1 (Class A) | ||||||||||||||||||
4,636,905 | g | Horizon Aircraft Finance III Ltd | 3.425 | 11/15/39 | 3,244,926 | |||||||||||||
Series - 2019 2 (Class A) | ||||||||||||||||||
503,647 | g,i | Invitation Homes Trust | 1.605 | 06/17/37 | 464,098 | |||||||||||||
Series - 2018 SFR2 (Class A) | ||||||||||||||||||
200,000 | g,i | Invitation Homes Trust | 2.155 | 06/17/37 | 169,931 | |||||||||||||
Series - 2018 SFR2 (Class D) | ||||||||||||||||||
649,988 | g,i | Invitation Homes Trust | 1.800 | 07/17/37 | 602,836 | |||||||||||||
Series - 2018 SFR3 (Class A) | ||||||||||||||||||
3,059,225 | g,i | Invitation Homes Trust | 1.900 | 01/17/38 | 2,837,156 | |||||||||||||
Series - 2018 SFR4 (Class A) | ||||||||||||||||||
1,400,000 | g,i | Invitation Homes Trust | 2.450 | 01/17/38 | 1,152,926 | |||||||||||||
Series - 2018 SFR4 (Class D) | ||||||||||||||||||
1,321,207 | i | JP Morgan Mortgage Acquisition Trust | 1.267 | 03/25/37 | 1,209,425 | |||||||||||||
Series - 2007 CH3 (Class A1B) | ||||||||||||||||||
5,870,684 | i | JP Morgan Mortgage Acquisition Trust | 1.107 | 06/25/37 | 5,427,698 | |||||||||||||
Series - 2007 CH5 (Class A1) | ||||||||||||||||||
337,066 | g | Mid-State Capital Trust | 7.000 | 12/15/45 | 347,381 | |||||||||||||
Series - 2010 1 (Class B) | ||||||||||||||||||
2,000,000 | g | MMAF Equipment Finance LLC | 2.070 | 10/12/22 | 1,982,935 | |||||||||||||
Series - 2019 B (Class A2) | ||||||||||||||||||
608,354 | g | MVW Owner Trust | 2.520 | 12/20/32 | 598,951 | |||||||||||||
Series - 2015 1A (Class A) | ||||||||||||||||||
2,525,525 | g | MVW Owner Trust | 3.900 | 01/21/36 | 2,429,606 | |||||||||||||
Series - 2018 1A (Class C) | ||||||||||||||||||
4,850,287 | g | MVW Owner Trust | 3.000 | 11/20/36 | 4,592,055 | |||||||||||||
Series - 2019 1A (Class B) | ||||||||||||||||||
1,659,309 | g | MVW Owner Trust | 3.330 | 11/20/36 | 1,517,217 | |||||||||||||
Series - 2019 1A (Class C) | ||||||||||||||||||
3,628,378 | g | MVW Owner Trust | 2.680 | 10/20/38 | 3,246,944 | |||||||||||||
Series - 2019 2A (Class C) | ||||||||||||||||||
3,100,000 | g | Navient Student Loan Trust | 3.390 | 12/15/59 | 3,240,525 | |||||||||||||
Series - 2019 BA (Class A2A) | ||||||||||||||||||
180,717 | g,i | Orange Lake Timeshare Trust | 3.030 | 07/09/29 | 179,330 | |||||||||||||
Series - 2014 AA (Class B) | ||||||||||||||||||
1,408,302 | g | Orange Lake Timeshare Trust | 3.100 | 11/08/30 | 1,381,262 | |||||||||||||
Series - 2018 A (Class A) | ||||||||||||||||||
6,698,000 | g | Planet Fitness Master Issuer LLC | 4.262 | 09/05/48 | 6,312,396 | |||||||||||||
Series - 2018 1A (Class A2I) | ||||||||||||||||||
3,757,775 | g | Planet Fitness Master Issuer LLC | 4.666 | 09/05/48 | 3,342,466 | |||||||||||||
Series - 2018 1A (Class A2II) | ||||||||||||||||||
1,266,397 | g | Pretium Mortgage Credit Partners I LLC (Step Bond) | 3.844 | 12/25/58 | 1,097,994 | |||||||||||||
Series - 2019 NPL2 (Class A1) | ||||||||||||||||||
2,295,727 | g | Progress Residential Trust | 2.897 | 12/17/34 | 2,283,325 | |||||||||||||
Series - 2017 SFR2 (Class A) |
176 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 200,000 | g | Progress Residential Trust | 2.937 | % | 10/17/36 | $ | 190,365 | ||||||||||
Series - 2019 SFR4 (Class B) | ||||||||||||||||||
2,030,058 | g | PRPM LLC (Step Bond) | 3.967 | 04/25/24 | 1,815,825 | |||||||||||||
Series - 2019 2A (Class A1) | ||||||||||||||||||
820,000 | i | RASC Trust | 3.080 | 08/25/35 | 785,984 | |||||||||||||
Series - 2005 KS8 (Class M4) | ||||||||||||||||||
6,849,378 | g | Renew | 3.950 | 09/20/53 | 7,138,330 | |||||||||||||
Series - 2018 1 (Class A) | ||||||||||||||||||
4,000,000 | Santander Drive Auto Receivables Trust | 3.170 | 04/17/23 | 3,975,180 | ||||||||||||||
Series - 2017 1 (Class D) | ||||||||||||||||||
3,250,000 | g | Santander Retail Auto Lease Trust | 1.890 | 09/20/22 | 3,237,445 | |||||||||||||
Series - 2019 C (Class A2A) | ||||||||||||||||||
9,800,000 | g | Santander Retail Auto Lease Trust | 2.300 | 01/20/23 | 9,694,360 | |||||||||||||
Series - 2019 B (Class A3) | ||||||||||||||||||
3,250,000 | g | Santander Retail Auto Lease Trust | 1.860 | 02/21/23 | 3,224,237 | |||||||||||||
Series - 2019 C (Class A3) | ||||||||||||||||||
2,330,000 | g | Santander Retail Auto Lease Trust | 1.930 | 11/20/23 | 2,284,433 | |||||||||||||
Series - 2019 C (Class A4) | ||||||||||||||||||
206,031 | SBA Small Business Investment Co | 3.215 | 09/10/20 | 206,972 | ||||||||||||||
Series - 2010 10B (Class A) | ||||||||||||||||||
4,987,500 | g | SERVPRO Master Issuer LLC | 3.882 | 10/25/49 | 4,616,629 | |||||||||||||
Series - 2019 1A (Class A2) | ||||||||||||||||||
3,782,973 | g | Settlement Fee Finance LLC | 3.840 | 11/01/49 | 3,608,300 | |||||||||||||
Series - 2019 1A (Class A) | ||||||||||||||||||
603,019 | g | Sierra Timeshare Receivables Funding LLC | 2.580 | 09/20/32 | 597,877 | |||||||||||||
Series - 2015 3A (Class A) | ||||||||||||||||||
60,302 | g | Sierra Timeshare Receivables Funding LLC | 3.080 | 09/20/32 | 59,818 | |||||||||||||
Series - 2015 3A (Class B) | ||||||||||||||||||
887,408 | g | Sierra Timeshare Receivables Funding LLC | 3.080 | 03/21/33 | 882,213 | |||||||||||||
Series - 2016 1A (Class A) | ||||||||||||||||||
1,709,746 | g | Sierra Timeshare Receivables Funding LLC | 2.330 | 07/20/33 | 1,686,231 | |||||||||||||
Series - 2016 2A (Class A) | ||||||||||||||||||
219,574 | g | Sierra Timeshare Receivables Funding LLC | 2.780 | 07/20/33 | 216,618 | |||||||||||||
Series - 2016 2A (Class B) | ||||||||||||||||||
1,167,903 | g | Sierra Timeshare Receivables Funding LLC | 2.430 | 10/20/33 | 1,150,518 | |||||||||||||
Series - 2016 3A (Class A) | ||||||||||||||||||
718,709 | g | Sierra Timeshare Receivables Funding LLC | 2.630 | 10/20/33 | 696,918 | |||||||||||||
Series - 2016 3A (Class B) | ||||||||||||||||||
3,816,053 | g | Sierra Timeshare Receivables Funding LLC | 2.910 | 03/20/34 | 3,764,849 | |||||||||||||
Series - 2017 1A (Class A) | ||||||||||||||||||
258,891 | g | Sierra Timeshare Receivables Funding LLC | 3.200 | 03/20/34 | 255,029 | |||||||||||||
Series - 2017 1A (Class B) | ||||||||||||||||||
3,106,019 | g | Sierra Timeshare Receivables Funding LLC | 3.650 | 06/20/35 | 2,957,221 | |||||||||||||
Series - 2018 2A (Class B) | ||||||||||||||||||
2,678,379 | g | Sierra Timeshare Receivables Funding LLC | 4.170 | 09/20/35 | 2,673,865 | |||||||||||||
Series - 2018 3A (Class C) | ||||||||||||||||||
2,730,135 | g | Sierra Timeshare Receivables Funding LLC | 3.200 | 01/20/36 | 2,708,950 | |||||||||||||
Series - 2019 1A (Class A) | ||||||||||||||||||
4,023,357 | g | Sierra Timeshare Receivables Funding LLC | 3.770 | 01/20/36 | 3,953,569 | |||||||||||||
Series - 2019 1A (Class C) | ||||||||||||||||||
6,766,659 | g | Sierra Timeshare Receivables Funding LLC | 3.120 | 05/20/36 | 6,660,617 | |||||||||||||
Series - 2019 2A (Class C) | ||||||||||||||||||
3,788,737 | g | Sierra Timeshare Receivables Funding LLC | 3.000 | 08/20/36 | 3,412,249 | |||||||||||||
Series - 2019 3A (Class C) |
177 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 5,782,322 | g | SMB Private Education Loan Trust | 2.430 | % | 02/17/32 | $ | 5,819,996 | ||||||||||
Series - 2016 B (Class A2A) | ||||||||||||||||||
3,746,418 | g | SMB Private Education Loan Trust | 2.880 | 09/15/34 | 3,805,835 | |||||||||||||
Series - 2017 A (Class A2A) | ||||||||||||||||||
2,998,170 | g | SMB Private Education Loan Trust | 2.820 | 10/15/35 | 2,968,208 | |||||||||||||
Series - 2017 B (Class A2A) | ||||||||||||||||||
2,927,279 | g | SoFi Professional Loan Program LLC | 2.340 | 04/25/33 | 2,930,131 | |||||||||||||
Series - 2016 D (Class A2B) | ||||||||||||||||||
4,055,086 | g | SoFi Professional Loan Program LLC | 2.490 | 01/25/36 | 4,076,905 | |||||||||||||
Series - 2016 E (Class A2B) | ||||||||||||||||||
1,776,111 | g | SoFi Professional Loan Program LLC | 2.760 | 12/26/36 | 1,790,443 | |||||||||||||
Series - 2016 A (Class A2) | ||||||||||||||||||
2,802,986 | g | SoFi Professional Loan Program LLC | 2.400 | 03/26/40 | 2,735,681 | |||||||||||||
Series - 2017 A (Class A2B) | ||||||||||||||||||
4,267,895 | g | SoFi Professional Loan Program LLC | 2.740 | 05/25/40 | 4,310,085 | |||||||||||||
Series - 2017 B (Class A2FX) | ||||||||||||||||||
1,919,301 | g | SoFi Professional Loan Program LLC | 2.630 | 07/25/40 | 1,898,436 | |||||||||||||
Series - 2017 C (Class A2B) | ||||||||||||||||||
3,750,000 | g | SoFi Professional Loan Program LLC | 2.720 | 11/26/40 | 3,672,625 | |||||||||||||
Series - 2017 E (Class A2B) | ||||||||||||||||||
6,750,000 | g | SoFi Professional Loan Program LLC | 2.840 | 01/25/41 | 6,632,992 | |||||||||||||
Series - 2017 F (Class A2FX) | ||||||||||||||||||
11,270,461 | g | SoFi Professional Loan Program LLC | 2.060 | 05/15/46 | 10,977,724 | |||||||||||||
Series - 2020 A (Class A1FX) | ||||||||||||||||||
2,418,541 | g | SoFi Professional Loan Program LLC | 3.120 | 02/25/48 | 2,429,331 | |||||||||||||
Series - 2018 D (Class A1FX) | ||||||||||||||||||
2,750,000 | g | SoFi Professional Loan Program LLC | 3.690 | 06/15/48 | 2,660,898 | |||||||||||||
Series - 2019 A (Class A2FX) | ||||||||||||||||||
1,496,285 | g | SolarCity LMC | 4.800 | 11/20/38 | 1,383,913 | |||||||||||||
Series - 2013 1 (Class A) | ||||||||||||||||||
1,677,697 | g | SolarCity LMC | 4.020 | 07/20/44 | 1,569,435 | |||||||||||||
Series - 2014 2 (Class A) | ||||||||||||||||||
13,908,400 | g | Sonic Capital LLC | 3.845 | 01/20/50 | 13,314,650 | |||||||||||||
Series - 2020 1A (Class A2I) | ||||||||||||||||||
1,367,151 | g,i | Starwood Waypoint Homes | 1.655 | 01/17/35 | 1,252,527 | |||||||||||||
Series - 2017 1 (Class A) | ||||||||||||||||||
229,037 | i | Structured Asset Investment Loan Trust | 1.847 | 09/25/34 | 202,608 | |||||||||||||
Series - 2004 8 (Class M1) | ||||||||||||||||||
1,150,050 | i | Structured Asset Investment Loan Trust | 1.947 | 09/25/34 | 1,069,969 | |||||||||||||
Series - 2004 8 (Class A9) | ||||||||||||||||||
19,009,375 | g | Taco Bell Funding LLC | 4.318 | 11/25/48 | 18,534,331 | |||||||||||||
Series - 2018 1A (Class A2I) | ||||||||||||||||||
10,250,000 | g | Tesla Auto Lease Trust | 2.160 | 10/20/22 | 10,277,189 | |||||||||||||
Series - 2019 A (Class A3) | ||||||||||||||||||
3,896,169 | g | TLF National Tax Lien Trust | 3.090 | 12/15/29 | 3,883,099 | |||||||||||||
Series - 2017 1A (Class A) | ||||||||||||||||||
534,609 | g | TLF National Tax Lien Trust | 3.840 | 12/15/29 | 532,509 | |||||||||||||
Series - 2017 1A (Class B) | ||||||||||||||||||
5,825,000 | Toyota Auto Receivables Owner Trust | 1.910 | 09/15/23 | 5,833,849 | ||||||||||||||
Series - 2019 C (Class A3) | ||||||||||||||||||
14,800,000 | Toyota Auto Receivables Owner Trust | 1.660 | 05/15/24 | 14,750,672 | ||||||||||||||
Series - 2020 A (Class A3) | ||||||||||||||||||
3,800,000 | g | Tricon American Homes Trust | 4.878 | 11/17/33 | 3,618,726 | |||||||||||||
Series - 2016 SFR1 (Class E) |
178 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 531,214 | g | Tricon American Homes Trust | 2.716 | % | 09/17/34 | $ | 521,973 | ||||||||||
Series - 2017 SFR1 (Class A) | ||||||||||||||||||
2,200,000 | g | Tricon American Homes Trust | 4.011 | 09/17/34 | 2,015,205 | |||||||||||||
Series - 2017 SFR1 (Class E) | ||||||||||||||||||
99,717 | g | Tricon American Homes Trust | 2.928 | 01/17/36 | 97,880 | |||||||||||||
Series - 2017 SFR2 (Class A) | ||||||||||||||||||
500,000 | g | Tricon American Homes Trust | 3.275 | 01/17/36 | 485,659 | |||||||||||||
Series - 2017 SFR2 (Class B) | ||||||||||||||||||
8,400,000 | Verizon Owner Trust | 3.230 | 04/20/23 | 8,501,008 | ||||||||||||||
Series - 2018 A (Class A1A) | ||||||||||||||||||
8,500,000 | Verizon Owner Trust | 1.940 | 04/22/24 | 8,101,951 | ||||||||||||||
Series - 2019 C (Class A1A) | ||||||||||||||||||
28,300,000 | Verizon Owner Trust | 1.850 | 07/22/24 | 27,606,973 | ||||||||||||||
Series - 2020 A (Class A1A) | ||||||||||||||||||
2,372,237 | g | VOLT LXXV LLC (Step Bond) | 3.967 | 02/25/49 | 2,099,766 | |||||||||||||
Series - 2019 NPL2 (Class A1) | ||||||||||||||||||
800,000 | g | VOLT LXXV LLC (Step Bond) | 3.967 | 10/25/49 | 594,429 | |||||||||||||
Series - 2019 NPL7 (Class A1B) | ||||||||||||||||||
2,700,000 | g | VOLT LXXXIV LLC (Step Bond) | 3.967 | 12/27/49 | 2,171,520 | |||||||||||||
Series - 2019 NP10 (Class A1B) | ||||||||||||||||||
14,286,163 | g | Wendys Funding LLC | 3.573 | 03/15/48 | 13,038,123 | |||||||||||||
Series - 2018 1A (Class A2I) | ||||||||||||||||||
13,300,000 | World Omni Auto Receivables Trust | 1.700 | 01/17/23 | 13,010,625 | ||||||||||||||
Series - 2020 A (Class A3) | ||||||||||||||||||
TOTAL ASSET BACKED | 696,317,832 | |||||||||||||||||
OTHER MORTGAGE BACKED - 11.5% | ||||||||||||||||||
1,131,480 | g,i | Agate Bay Mortgage Trust | 3.500 | 11/25/44 | 1,120,437 | |||||||||||||
Series - 2014 3 (Class A13) | ||||||||||||||||||
547,550 | g,i | Agate Bay Mortgage Trust | 3.500 | 09/25/45 | 553,695 | |||||||||||||
Series - 2015 6 (Class A9) | ||||||||||||||||||
374,277 | i | Alternative Loan Trust | 1.447 | 06/25/34 | 328,842 | |||||||||||||
Series - 2004 8CB (Class M1) | ||||||||||||||||||
656,675 | i | American Home Mortgage Investment Trust | 3.263 | 10/25/34 | 628,163 | |||||||||||||
Series - 2004 3 (Class 4A) | ||||||||||||||||||
660,000 | i | Ameriquest Mortgage Securities | 1.967 | 10/25/34 | 615,375 | |||||||||||||
Series - 2004 R9 (Class M3) | ||||||||||||||||||
2,486,000 | Banc of America Commercial Mortgage Trust | 3.705 | 09/15/48 | 2,592,936 | ||||||||||||||
Series - 2015 UBS7 (Class A4) | ||||||||||||||||||
1,910,000 | i | Banc of America Commercial Mortgage Trust | 4.360 | 09/15/48 | 1,879,964 | |||||||||||||
Series - 2015 UBS7 (Class B) | ||||||||||||||||||
2,885,000 | i | Banc of America Commercial Mortgage Trust | 4.360 | 09/15/48 | 2,435,229 | |||||||||||||
Series - 2015 UBS7 (Class C) | ||||||||||||||||||
2,316,556 | Banc of America Commercial Mortgage Trust | 1.559 | 07/15/49 | 2,303,876 | ||||||||||||||
Series - 2016 UB10 (Class A1) | ||||||||||||||||||
6,000,000 | Banc of America Commercial Mortgage Trust | 3.366 | 02/15/50 | 6,248,977 | ||||||||||||||
Series - 2017 BNK3 (Class ASB) | ||||||||||||||||||
8,000,000 | BANK | 3.731 | 11/15/50 | 8,021,335 | ||||||||||||||
Series - 2017 BNK8 (Class AS) | ||||||||||||||||||
700,000 | i | BANK | 4.072 | 11/15/50 | 537,648 | |||||||||||||
Series - 2017 BNK8 (Class C) | ||||||||||||||||||
1,265,000 | BANK | 2.851 | 10/17/52 | 1,300,819 | ||||||||||||||
Series - 2019 BN21 (Class A5) |
179 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 2,500,000 | BANK | 3.203 | % | 12/15/52 | $ | 2,340,497 | |||||||||||
Series - 2019 BN23 (Class AS) | ||||||||||||||||||
7,500,000 | BANK | 3.289 | 07/15/60 | 7,886,611 | ||||||||||||||
Series - 2017 BNK6 (Class ASB) | ||||||||||||||||||
4,257,000 | BANK | 3.283 | 11/15/62 | 4,009,889 | ||||||||||||||
Series - 2019 BN24 (Class AS) | ||||||||||||||||||
1,500,000 | †,g | BANK | 2.500 | 01/15/63 | 971,029 | |||||||||||||
Series - 2020 BN25 (Class D) | ||||||||||||||||||
2,000,000 | g | BBCMS Mortgage Trust | 3.821 | 09/05/32 | 1,981,459 | |||||||||||||
Series - 2013 TYSN (Class C) | ||||||||||||||||||
1,500,000 | g,i | BBCMS Trust | 4.267 | 08/05/38 | 977,091 | |||||||||||||
Series - 2018 CHRS (Class E) | ||||||||||||||||||
2,000,000 | g,i | Bear Stearns Commercial Mortgage Securities Trust | 5.097 | 02/11/41 | 1,656,500 | |||||||||||||
Series - 2005 PWR7 (Class E) | ||||||||||||||||||
1,350,000 | Benchmark Mortgage Trust | 2.687 | 09/15/43 | 1,380,871 | ||||||||||||||
Series - 2020 IG1 (Class A3) | ||||||||||||||||||
1,000,000 | i | Benchmark Mortgage Trust | 4.121 | 07/15/51 | 1,113,184 | |||||||||||||
Series - 2018 B4 (Class A5) | ||||||||||||||||||
2,000,000 | Benchmark Mortgage Trust | 3.419 | 08/15/52 | 2,002,660 | ||||||||||||||
Series - 2019 B12 (Class AS) | ||||||||||||||||||
1,500,000 | Benchmark Mortgage Trust | 3.231 | 12/15/72 | 1,480,262 | ||||||||||||||
Series - 2019 B15 (Class AS) | ||||||||||||||||||
955,401 | g,i | BX Commercial Mortgage Trust | 1.625 | 10/15/36 | 908,762 | |||||||||||||
Series - 2019 XL (Class A) | ||||||||||||||||||
5,000,000 | i | CD Mortgage Trust | 3.879 | 11/10/49 | 4,734,408 | |||||||||||||
Series - 2016 CD2 (Class B) | ||||||||||||||||||
3,030,000 | i | CD Mortgage Trust | 4.027 | 11/10/49 | 2,563,358 | |||||||||||||
Series - 2016 CD2 (Class C) | ||||||||||||||||||
9,000,000 | CD Mortgage Trust | 3.453 | 02/10/50 | 9,408,392 | ||||||||||||||
Series - 2017 CD3 (Class AAB) | ||||||||||||||||||
2,000,000 | i | CD Mortgage Trust | 4.560 | 02/10/50 | 1,647,123 | |||||||||||||
Series - 2017 CD3 (Class C) | ||||||||||||||||||
17,068,000 | i | CD Mortgage Trust | 3.684 | 08/15/50 | 17,075,056 | |||||||||||||
Series - 2017 CD5 (Class AS) | ||||||||||||||||||
3,000,000 | CD Mortgage Trust | 2.812 | 08/15/57 | 3,074,499 | ||||||||||||||
Series - 2019 CD8 (Class ASB) | ||||||||||||||||||
372,156 | i | CHL Mortgage Pass-Through Trust | 3.744 | 02/20/35 | 341,846 | |||||||||||||
Series - 2004 HYB9 (Class 1A1) | ||||||||||||||||||
5,000,000 | g | Citigroup Commercial Mortgage Trust | 3.341 | 05/10/36 | 4,706,124 | |||||||||||||
Series - 2019 PRM (Class A) | ||||||||||||||||||
3,000,000 | g | Citigroup Commercial Mortgage Trust | 3.896 | 05/10/36 | 2,782,411 | |||||||||||||
Series - 2019 PRM (Class C) | ||||||||||||||||||
2,000,000 | g | Citigroup Commercial Mortgage Trust | 4.350 | 05/10/36 | 1,840,879 | |||||||||||||
Series - 2019 PRM (Class D) | ||||||||||||||||||
500,000 | i | Citigroup Commercial Mortgage Trust | 3.758 | 04/10/48 | 477,168 | |||||||||||||
Series - 2015 GC29 (Class B) | ||||||||||||||||||
164,260 | Citigroup Commercial Mortgage Trust | 1.847 | 11/10/48 | 163,875 | ||||||||||||||
Series - 2015 GC35 (Class A1) | ||||||||||||||||||
687,856 | i | COBALT CMBS Commercial Mortgage Trust | 5.646 | 04/15/47 | 681,205 | |||||||||||||
Series - 2007 C2 (Class C) | ||||||||||||||||||
9,890,000 | g,i | COMM Mortgage Trust | 3.538 | 10/10/29 | 9,308,077 | |||||||||||||
Series - 2017 PANW (Class C) |
180 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 6,863,085 | COMM Mortgage Trust | 2.853 | % | 10/15/45 | $ | 6,765,876 | |||||||||||
Series - 2012 CR4 (Class A3) | ||||||||||||||||||
1,500,000 | g,i | COMM Mortgage Trust | 4.789 | 08/10/46 | 1,366,362 | |||||||||||||
Series - 2013 CR10 (Class C) | ||||||||||||||||||
1,000,000 | g,i | COMM Mortgage Trust | 5.288 | 08/10/46 | 883,106 | |||||||||||||
Series - 2013 LC13 (Class D) | ||||||||||||||||||
1,135,000 | COMM Mortgage Trust | 4.199 | 03/10/47 | 1,162,015 | ||||||||||||||
Series - 2014 UBS2 (Class AM) | ||||||||||||||||||
1,300,384 | COMM Mortgage Trust | 4.701 | 03/10/47 | 1,301,608 | ||||||||||||||
Series - 2014 UBS2 (Class B) | ||||||||||||||||||
750,000 | COMM Mortgage Trust | 4.174 | 05/10/47 | 768,071 | ||||||||||||||
Series - 2014 CR17 (Class AM) | ||||||||||||||||||
2,326,900 | i | COMM Mortgage Trust | 4.456 | 07/15/47 | 2,304,041 | |||||||||||||
Series - 2014 CR18 (Class B) | ||||||||||||||||||
463,000 | i | COMM Mortgage Trust | 4.725 | 07/15/47 | 410,784 | |||||||||||||
Series - 2014 CR18 (Class C) | ||||||||||||||||||
1,500,000 | i | COMM Mortgage Trust | 4.731 | 08/10/47 | 1,328,269 | |||||||||||||
Series - 2014 CR19 (Class C) | ||||||||||||||||||
8,400,000 | COMM Mortgage Trust | 3.917 | 10/10/47 | 8,950,998 | ||||||||||||||
Series - 2014 LC17 (Class A5) | ||||||||||||||||||
2,048,818 | COMM Mortgage Trust | 3.040 | 02/10/48 | 2,084,246 | ||||||||||||||
Series - 2015 LC19 (Class ASB) | ||||||||||||||||||
1,000,000 | i | COMM Mortgage Trust | 3.829 | 02/10/48 | 959,234 | |||||||||||||
Series - 2015 LC19 (Class B) | ||||||||||||||||||
1,500,000 | g | COMM Mortgage Trust | 3.000 | 03/10/48 | 973,439 | |||||||||||||
Series - 2015 CR22 (Class E) | ||||||||||||||||||
575,000 | i | COMM Mortgage Trust | 3.603 | 03/10/48 | 576,203 | |||||||||||||
Series - 2015 CR22 (Class AM) | ||||||||||||||||||
2,000,000 | g,i | COMM Mortgage Trust | 4.110 | 03/10/48 | 1,597,116 | |||||||||||||
Series - 2015 CR22 (Class D) | ||||||||||||||||||
2,675,000 | i | COMM Mortgage Trust | 4.110 | 03/10/48 | 2,316,988 | |||||||||||||
Series - 2015 CR22 (Class C) | ||||||||||||||||||
5,000,000 | COMM Mortgage Trust | 3.801 | 05/10/48 | 5,055,019 | ||||||||||||||
Series - 2015 CR23 (Class AM) | ||||||||||||||||||
3,826,295 | i | COMM Mortgage Trust | 4.183 | 05/10/48 | 3,755,231 | |||||||||||||
Series - 2015 CR23 (Class B) | ||||||||||||||||||
2,000,000 | i | COMM Mortgage Trust | 4.304 | 05/10/48 | 1,702,626 | |||||||||||||
Series - 2015 CR23 (Class C) | ||||||||||||||||||
3,000,000 | i | COMM Mortgage Trust | 4.304 | 05/10/48 | 2,388,156 | |||||||||||||
Series - 2015 CR23 (Class D) | ||||||||||||||||||
2,691,119 | COMM Mortgage Trust | 3.432 | 08/10/48 | 2,826,877 | ||||||||||||||
Series - 2015 CR24 (Class A4) | ||||||||||||||||||
1,500,000 | i | COMM Mortgage Trust | 3.463 | 08/10/48 | 1,127,460 | |||||||||||||
Series - 2015 CR24 (Class D) | ||||||||||||||||||
3,640,000 | i | COMM Mortgage Trust | 4.028 | 08/10/48 | 3,719,358 | |||||||||||||
Series - 2015 CR24 (Class AM) | ||||||||||||||||||
2,000,000 | i | COMM Mortgage Trust | 4.379 | 08/10/48 | 1,960,035 | |||||||||||||
Series - 2015 CR24 (Class B) | ||||||||||||||||||
1,500,000 | i | COMM Mortgage Trust | 4.379 | 08/10/48 | 1,272,697 | |||||||||||||
Series - 2015 CR24 (Class C) | ||||||||||||||||||
2,250,000 | i | COMM Mortgage Trust | 4.540 | 08/10/48 | 2,206,611 | |||||||||||||
Series - 2015 CR25 (Class B) | ||||||||||||||||||
7,500,000 | COMM Mortgage Trust | 3.630 | 10/10/48 | 7,796,033 | ||||||||||||||
Series - 2015 CR26 (Class A4) |
181 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 1,000,000 | COMM Mortgage Trust | 3.984 | % | 10/10/48 | $ | 1,019,885 | |||||||||||
Series - 2015 CR27 (Class AM) | ||||||||||||||||||
3,500,000 | i | COMM Mortgage Trust | 4.360 | 10/10/48 | 3,399,447 | |||||||||||||
Series - 2015 CR27 (Class B) | ||||||||||||||||||
1,000,000 | i | COMM Mortgage Trust | 4.484 | 10/10/48 | 933,831 | |||||||||||||
Series - 2015 CR26 (Class B) | ||||||||||||||||||
625,000 | i | COMM Mortgage Trust | 4.484 | 10/10/48 | 531,512 | |||||||||||||
Series - 2015 CR26 (Class C) | ||||||||||||||||||
2,400,000 | i | COMM Mortgage Trust | 4.645 | 10/10/48 | 2,046,522 | |||||||||||||
Series - 2015 LC23 (Class C) | ||||||||||||||||||
5,000,000 | i | COMM Mortgage Trust | 4.646 | 02/10/49 | 5,019,292 | |||||||||||||
Series - 2016 CR28 (Class B) | ||||||||||||||||||
1,500,000 | i | COMM Mortgage Trust | 5.116 | 08/10/50 | 1,510,382 | |||||||||||||
Series - 2013 CR11 (Class B) | ||||||||||||||||||
5,000,000 | COMM Mortgage Trust | 3.263 | 08/15/57 | 5,036,779 | ||||||||||||||
Series - 2019 GC44 (Class AM) | ||||||||||||||||||
4,425,347 | i | Connecticut Avenue Securities | 3.547 | 05/25/24 | 3,970,575 | |||||||||||||
Series - 2014 C02 (Class 1M2) | ||||||||||||||||||
318,107 | i | Connecticut Avenue Securities | 3.847 | 07/25/24 | 294,882 | |||||||||||||
Series - 2014 C03 (Class 2M2) | ||||||||||||||||||
10,762,205 | i | Connecticut Avenue Securities | 3.947 | 07/25/24 | 9,847,420 | |||||||||||||
Series - 2014 C03 (Class 1M2) | ||||||||||||||||||
1,260,343 | i | Connecticut Avenue Securities | 5.947 | 11/25/24 | 1,215,141 | |||||||||||||
Series - 2014 C04 (Class 2M2) | ||||||||||||||||||
755,403 | i | Connecticut Avenue Securities | 6.497 | 04/25/28 | 699,557 | |||||||||||||
Series - 2015 C04 (Class 2M2) | ||||||||||||||||||
1,189,333 | i | Connecticut Avenue Securities | 6.647 | 04/25/28 | 1,175,939 | |||||||||||||
Series - 2015 C04 (Class 1M2) | ||||||||||||||||||
1,355,244 | i | Connecticut Avenue Securities | 7.697 | 08/25/28 | 1,294,109 | |||||||||||||
Series - 2016 C01 (Class 1M2) | ||||||||||||||||||
1,783,447 | i | Connecticut Avenue Securities | 6.847 | 10/25/28 | 1,738,860 | |||||||||||||
Series - 2016 C03 (Class 2M2) | ||||||||||||||||||
1,523,528 | i | Connecticut Avenue Securities | 5.397 | 01/25/29 | 1,454,018 | |||||||||||||
Series - 2016 C05 (Class 2M2) | ||||||||||||||||||
3,000,000 | i | Connecticut Avenue Securities | 5.197 | 04/25/29 | 2,885,391 | |||||||||||||
Series - 2016 C06 (Class 1M2) | ||||||||||||||||||
3,370,000 | i | Connecticut Avenue Securities | 1.797 | 09/25/29 | 2,711,689 | |||||||||||||
Series - 2017 C02 (Class 2ED4) | ||||||||||||||||||
2,617,903 | i | Connecticut Avenue Securities | 3.147 | 01/25/30 | 2,527,873 | |||||||||||||
Series - 2017 C05 (Class 1M2A) | ||||||||||||||||||
4,000,000 | i | Connecticut Avenue Securities | 1.397 | 07/25/30 | 3,206,611 | |||||||||||||
Series - 2018 C01 (Class 1EB1) | ||||||||||||||||||
3,378,896 | i | Connecticut Avenue Securities | 1.847 | 08/25/30 | 3,107,597 | |||||||||||||
Series - 2018 C02 (Class 2EA2) | ||||||||||||||||||
3,890,000 | i | Connecticut Avenue Securities | 1.797 | 10/25/30 | 3,680,107 | |||||||||||||
Series - 2018 C03 (Class 1EA2) | ||||||||||||||||||
270,147 | g,i | Connecticut Avenue Securities | 3.397 | 07/25/31 | 223,877 | |||||||||||||
Series - 2019 R01 (Class 2M2) | ||||||||||||||||||
196,878 | g,i | Connecticut Avenue Securities | 3.097 | 09/25/31 | 161,188 | |||||||||||||
Series - 2019 R03 (Class 1M2) | ||||||||||||||||||
2,320,054 | g,i | Connecticut Avenue Securities | 1.697 | 01/25/40 | 2,227,004 | |||||||||||||
Series - 2020 R02 (Class 2M1) | ||||||||||||||||||
133,588 | g,i | Connecticut Avenue Securities | 1.747 | 01/25/40 | 127,731 | |||||||||||||
Series - 2020 R01 (Class 1M1) |
182 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 2,000,000 | g,i | CPT Mortgage Trust | 2.997 | % | 11/13/39 | $ | 1,524,222 | ||||||||||
Series - 2019 CPT (Class E) | ||||||||||||||||||
1,360,000 | g,i | Credit Suisse Commercial Mortgage Trust | 1.597 | 05/25/36 | 1,281,572 | |||||||||||||
Series - 2006 CF2 (Class M3) | ||||||||||||||||||
5,196,133 | g,i | Credit Suisse Commercial Mortgage Trust | 3.500 | 02/25/48 | 5,279,904 | |||||||||||||
Series - 2018 J1 (Class A11) | ||||||||||||||||||
4,000,000 | CSAIL Commercial Mortgage Trust | 3.314 | 11/15/49 | 4,130,466 | ||||||||||||||
Series - 2016 C7 (Class ASB) | ||||||||||||||||||
4,750,000 | DBGS Mortgage Trust | 4.466 | 10/15/51 | 5,385,177 | ||||||||||||||
Series - 2018 C1 (Class A4) | ||||||||||||||||||
1,040,000 | g | DBUBS Mortgage Trust | 3.452 | 10/10/34 | 1,026,946 | |||||||||||||
Series - 2017 BRBK (Class A) | ||||||||||||||||||
7,800,000 | g,i | DBUBS Mortgage Trust | 5.530 | 07/10/44 | 7,468,263 | |||||||||||||
Series - 2011 LC2A (Class D) | ||||||||||||||||||
10,110,000 | g,i | DBUBS Mortgage Trust | 5.689 | 11/10/46 | 9,920,841 | |||||||||||||
Series - 2011 LC1A (Class C) | ||||||||||||||||||
3,892,000 | g,i | DBUBS Mortgage Trust | 5.689 | 11/10/46 | 3,695,104 | |||||||||||||
Series - 2011 LC1A (Class E) | ||||||||||||||||||
1,100,000 | g,i | Ellington Financial Mortgage Trust | 3.587 | 06/25/59 | 993,117 | |||||||||||||
Series - 2019 1 (Class M1) | ||||||||||||||||||
1,232,584 | i | Fieldstone Mortgage Investment Trust | 1.682 | 12/25/35 | 1,182,854 | |||||||||||||
Series - 2005 2 (Class M2) | ||||||||||||||||||
4,989,410 | g,i | FirstKey Mortgage Trust | 3.500 | 11/25/44 | 4,941,732 | |||||||||||||
Series - 2014 1 (Class A8) | ||||||||||||||||||
4,181,494 | g,i | Flagstar Mortgage Trust | 3.500 | 03/25/47 | 4,208,637 | |||||||||||||
Series - 2017 1 (Class 1A5) | ||||||||||||||||||
254,526 | g,i | Flagstar Mortgage Trust | 3.500 | 10/25/47 | 251,950 | |||||||||||||
Series - 2017 2 (Class A5) | ||||||||||||||||||
1,327,374 | g,i | Flagstar Mortgage Trust | 4.113 | 10/25/47 | 1,202,046 | |||||||||||||
Series - 2017 2 (Class B3) | ||||||||||||||||||
1,123,698 | g,i | Flagstar Mortgage Trust | 4.000 | 09/25/48 | 1,110,193 | |||||||||||||
Series - 2018 5 (Class A11) | ||||||||||||||||||
7,000,000 | g | GRACE Mortgage Trust | 3.369 | 06/10/28 | 7,035,531 | |||||||||||||
Series - 2014 GRCE (Class A) | ||||||||||||||||||
10,500,000 | g | GS Mortgage Securities Corp II | 3.419 | 10/10/32 | 9,755,194 | |||||||||||||
Series - 2017 SLP (Class A) | ||||||||||||||||||
1,344,000 | g | GS Mortgage Securities Corp II | 3.551 | 04/10/34 | 1,332,431 | |||||||||||||
Series - 2012 ALOH (Class A) | ||||||||||||||||||
2,590,000 | i | GS Mortgage Securities Corp II | 3.777 | 05/10/50 | 2,615,589 | |||||||||||||
Series - 2015 GC30 (Class AS) | ||||||||||||||||||
1,500,000 | i | GS Mortgage Securities Corp II | 4.155 | 07/10/51 | 1,629,166 | |||||||||||||
Series - 2018 GS10 (Class A5) | ||||||||||||||||||
959,356 | GS Mortgage Securities Trust | 1.478 | 05/10/49 | 953,377 | ||||||||||||||
Series - 2016 GS2 (Class A1) | ||||||||||||||||||
8,000,000 | GS Mortgage Securities Trust | 3.467 | 03/10/50 | 8,372,452 | ||||||||||||||
Series - 2017 GS5 (Class AAB) | ||||||||||||||||||
8,000,951 | GS Mortgage Securities Trust | 3.674 | 03/10/50 | 8,379,064 | ||||||||||||||
Series - 2017 GS5 (Class A4) | ||||||||||||||||||
4,000,000 | GS Mortgage Securities Trust | 3.433 | 05/10/50 | 4,067,678 | ||||||||||||||
Series - 2017 GS6 (Class A3) | ||||||||||||||||||
3,000,000 | i | GS Mortgage Securities Trust | 4.087 | 05/10/50 | 2,523,282 | |||||||||||||
Series - 2015 GC30 (Class C) |
183 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 3,000,000 | GS Mortgage Securities Trust | 3.837 | % | 11/10/50 | $ | 3,198,338 | |||||||||||
Series - 2017 GS8 (Class ABP) | ||||||||||||||||||
2,000,000 | †,g | GS Mortgage Securities Trust | 3.000 | 02/10/52 | 1,221,242 | |||||||||||||
Series - 2019 GC38 (Class D) | ||||||||||||||||||
1,400,000 | g,i | GS Mortgage Securities Trust | 3.550 | 07/10/52 | 1,238,258 | |||||||||||||
Series - 2019 GC40 (Class DBC) | ||||||||||||||||||
5,816,795 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 5,836,845 | |||||||||||||
Series - 2019 PJ2 (Class A4) | ||||||||||||||||||
2,228,474 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 2,246,801 | |||||||||||||
Series - 2019 PJ2 (Class A1) | ||||||||||||||||||
1,638,978 | i | HarborView Mortgage Loan Trust | 1.370 | 08/19/45 | 1,382,819 | |||||||||||||
Series - 2005 11 (Class 2A1A) | ||||||||||||||||||
2,000,000 | g | Hudson Yards Mortgage Trust | 2.835 | 08/10/38 | 2,047,158 | |||||||||||||
Series - 2016 10HY (Class A) | ||||||||||||||||||
3,000,000 | g,i | Hudson Yards Mortgage Trust | 2.977 | 08/10/38 | 2,998,375 | |||||||||||||
Series - 2016 10HY (Class B) | ||||||||||||||||||
3,500,000 | g,i | Hudson Yards Mortgage Trust | 2.977 | 08/10/38 | 3,399,787 | |||||||||||||
Series - 2016 10HY (Class C) | ||||||||||||||||||
3,000,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 2,645,783 | |||||||||||||
Series - 2019 55HY (Class E) | ||||||||||||||||||
5,500,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 4,930,415 | |||||||||||||
Series - 2019 55HY (Class D) | ||||||||||||||||||
153,526 | i | Impac CMB Trust | 1.607 | 03/25/35 | 132,464 | |||||||||||||
Series - 2004 11 (Class 2A1) | ||||||||||||||||||
1,500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 4.166 | 12/15/46 | 1,591,263 | ||||||||||||||
Series - 2013 C16 (Class A4) | ||||||||||||||||||
800,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.372 | 12/15/47 | 802,655 | ||||||||||||||
Series - 2013 C10 (Class AS) | ||||||||||||||||||
1,700,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Trust | 4.079 | 01/15/46 | 1,449,449 | |||||||||||||
Series - 2013 C13 (Class D) | ||||||||||||||||||
750,000 | i | JP Morgan Chase Commercial Mortgage Securities Trust | 4.119 | 01/15/49 | 775,676 | |||||||||||||
Series - 2015 JP1 (Class AS) | ||||||||||||||||||
500,000 | JP Morgan Chase Commercial Mortgage Securities Trust | 3.379 | 09/15/50 | 519,107 | ||||||||||||||
Series - 2017 JP7 (Class A3) | ||||||||||||||||||
2,010,512 | g,i | JP Morgan Mortgage Trust | 2.974 | 12/25/44 | 1,610,284 | |||||||||||||
Series - 2015 1 (Class B1) | ||||||||||||||||||
399,546 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/45 | 395,603 | |||||||||||||
Series - 2015 3 (Class A19) | ||||||||||||||||||
1,681,342 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/45 | 1,654,578 | |||||||||||||
Series - 2015 6 (Class A13) | ||||||||||||||||||
912,656 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/46 | 903,292 | |||||||||||||
Series - 2016 1 (Class A5) | ||||||||||||||||||
870,750 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/46 | 866,727 | |||||||||||||
Series - 2016 1 (Class A13) | ||||||||||||||||||
446,591 | g,i | JP Morgan Mortgage Trust | 3.500 | 01/25/47 | 448,421 | |||||||||||||
Series - 2017 1 (Class A3) | ||||||||||||||||||
5,858,869 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/47 | 5,857,893 | |||||||||||||
Series - 2017 2 (Class A13) | ||||||||||||||||||
269,510 | g,i | JP Morgan Mortgage Trust | 3.500 | 08/25/47 | 268,374 | |||||||||||||
Series - 2017 3 (Class 1A5) |
184 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 1,155,376 | g,i | JP Morgan Mortgage Trust | 3.500 | % | 09/25/48 | $ | 1,123,960 | ||||||||||
Series - 2018 3 (Class A13) | ||||||||||||||||||
1,881,668 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 1,878,873 | |||||||||||||
Series - 2018 4 (Class A5) | ||||||||||||||||||
366,441 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 356,324 | |||||||||||||
Series - 2018 4 (Class A13) | ||||||||||||||||||
1,517,189 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 1,474,766 | |||||||||||||
Series - 2018 5 (Class A13) | ||||||||||||||||||
792,639 | g,i | JP Morgan Mortgage Trust | 4.000 | 01/25/49 | 794,046 | |||||||||||||
Series - 2018 8 (Class A5) | ||||||||||||||||||
1,258,863 | g,i | JP Morgan Mortgage Trust | 4.000 | 01/25/49 | 1,243,664 | |||||||||||||
Series - 2018 8 (Class A13) | ||||||||||||||||||
1,146,765 | g,i | JP Morgan Mortgage Trust | 4.000 | 02/25/49 | 1,168,878 | |||||||||||||
Series - 2018 9 (Class A13) | ||||||||||||||||||
1,271,130 | g,i | JP Morgan Mortgage Trust | 4.000 | 05/25/49 | 1,287,097 | |||||||||||||
Series - 2019 1 (Class A3) | ||||||||||||||||||
1,259,107 | g,i | JP Morgan Mortgage Trust | 4.751 | 09/25/49 | 1,193,904 | |||||||||||||
Series - 2019 3 (Class B1) | ||||||||||||||||||
125,149 | g,i | JP Morgan Mortgage Trust | 4.000 | 11/25/49 | 125,226 | |||||||||||||
Series - 2019 5 (Class A4) | ||||||||||||||||||
3,812,518 | g,i | JP Morgan Mortgage Trust | 3.895 | 06/25/50 | 3,026,744 | |||||||||||||
Series - 2020 1 (Class B2) | ||||||||||||||||||
1,000,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.133 | 08/15/46 | 1,055,155 | |||||||||||||
Series - 2013 C14 (Class A4) | ||||||||||||||||||
4,364,171 | JPMBB Commercial Mortgage Securities Trust | 3.493 | 08/15/47 | 4,484,902 | ||||||||||||||
Series - 2014 C21 (Class A4) | ||||||||||||||||||
3,590,000 | JPMBB Commercial Mortgage Securities Trust | 3.775 | 08/15/47 | 3,790,536 | ||||||||||||||
Series - 2014 C21 (Class A5) | ||||||||||||||||||
1,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.898 | 02/15/48 | 960,996 | ||||||||||||||
Series - 2015 C27 (Class B) | ||||||||||||||||||
1,000,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.307 | 02/15/48 | 856,214 | |||||||||||||
Series - 2015 C27 (Class C) | ||||||||||||||||||
2,000,000 | i | JPMBB Commercial Mortgage Securities Trust | 3.917 | 05/15/48 | 2,045,673 | |||||||||||||
Series - 2015 C29 (Class AS) | ||||||||||||||||||
2,500,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.118 | 05/15/48 | 2,414,932 | |||||||||||||
Series - 2015 C29 (Class B) | ||||||||||||||||||
3,000,000 | JPMBB Commercial Mortgage Securities Trust | 4.106 | 08/15/48 | 3,097,544 | ||||||||||||||
Series - 2015 C31 (Class AS) | ||||||||||||||||||
5,585,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.620 | 08/15/48 | 5,538,176 | |||||||||||||
Series - 2015 C31 (Class B) | ||||||||||||||||||
3,419,000 | JPMBB Commercial Mortgage Securities Trust | 3.227 | 10/15/48 | 3,549,792 | ||||||||||||||
Series - 2015 C28 (Class A4) | ||||||||||||||||||
1,400,000 | JPMBB Commercial Mortgage Securities Trust | 4.023 | 12/15/48 | 1,440,742 | ||||||||||||||
Series - 2015 C33 (Class AS) | ||||||||||||||||||
9,825,000 | JPMBB Commercial Mortgage Securities Trust | 3.576 | 03/15/49 | 10,410,240 | ||||||||||||||
Series - 2016 C1 (Class A5) | ||||||||||||||||||
1,700,000 | JPMCC Commercial Mortgage Securities Trust | 3.457 | 03/15/50 | 1,804,096 | ||||||||||||||
Series - 2017 JP5 (Class A4) | ||||||||||||||||||
1,805,000 | i | JPMCC Commercial Mortgage Securities Trust | 3.876 | 03/15/50 | 1,850,454 | |||||||||||||
Series - 2017 JP5 (Class AS) | ||||||||||||||||||
1,980,016 | g | Ladder Capital Commercial Mortgage Securities | 3.575 | 02/15/36 | 1,970,407 | |||||||||||||
Series - 2013 GCP (Class A1) |
185 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 3,685,304 | g | LSTAR Commercial Mortgage Trust | 2.579 | % | 03/10/49 | $ | 3,699,081 | ||||||||||
Series - 2016 4 (Class A2) | ||||||||||||||||||
12,000,000 | g,i | MAD Mortgage Trust | 3.082 | 08/15/34 | 11,517,914 | |||||||||||||
Series - 2017 330M (Class A) | ||||||||||||||||||
3,000,479 | i | Merrill Lynch Mortgage Investors Trust | 2.278 | 01/25/37 | 2,521,817 | |||||||||||||
Series - 2006 WMC1 (Class A1B) | ||||||||||||||||||
5,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.476 | 11/15/45 | 5,019,325 | ||||||||||||||
Series - 2012 C6 (Class AS) | ||||||||||||||||||
3,022,684 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 3.989 | 12/15/46 | 2,956,588 | |||||||||||||
Series - 2014 C19 (Class LNC1) | ||||||||||||||||||
2,626,344 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 4.384 | 12/15/46 | 2,256,080 | |||||||||||||
Series - 2014 C19 (Class LNC2) | ||||||||||||||||||
4,601,355 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 4.750 | 12/15/46 | 3,792,981 | |||||||||||||
Series - 2014 C19 (Class LNC3) | ||||||||||||||||||
3,069,000 | i | Morgan Stanley Bank of America Merrill Lynch Trust | 4.954 | 02/15/47 | 2,786,635 | |||||||||||||
Series - 2014 C14 (Class C) | ||||||||||||||||||
1,570,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.832 | 12/15/47 | 1,587,944 | ||||||||||||||
Series - 2014 C19 (Class AS) | ||||||||||||||||||
135,667 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.069 | 02/15/48 | 138,423 | ||||||||||||||
Series - 2015 C20 (Class ASB) | ||||||||||||||||||
1,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 4.160 | 02/15/48 | 977,162 | ||||||||||||||
Series - 2015 C20 (Class B) | ||||||||||||||||||
2,500,000 | i | Morgan Stanley Bank of America Merrill Lynch Trust | 4.462 | 02/15/48 | 2,160,914 | |||||||||||||
Series - 2015 C20 (Class C) | ||||||||||||||||||
2,500,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.338 | 03/15/48 | 2,557,958 | ||||||||||||||
Series - 2015 C21 (Class A4) | ||||||||||||||||||
3,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.652 | 03/15/48 | 3,011,288 | ||||||||||||||
Series - 2015 C21 (Class AS) | ||||||||||||||||||
3,649,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.306 | 04/15/48 | 3,810,530 | ||||||||||||||
Series - 2015 C22 (Class A4) | ||||||||||||||||||
3,360,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.561 | 04/15/48 | 3,358,346 | ||||||||||||||
Series - 2015 C22 (Class AS) | ||||||||||||||||||
2,130,000 | i | Morgan Stanley Bank of America Merrill Lynch Trust | 4.057 | 12/15/48 | 1,927,512 | |||||||||||||
Series - 2013 C8 (Class C) | ||||||||||||||||||
480,677 | i | Morgan Stanley Capital I Trust | 1.772 | 08/25/34 | 459,405 | |||||||||||||
Series - 2004 HE6 (Class M1) | ||||||||||||||||||
2,940,891 | i | Morgan Stanley Capital I Trust | 5.945 | 06/11/42 | 2,934,817 | |||||||||||||
Series - 2007 T27 (Class AJ) | ||||||||||||||||||
4,500,000 | g | Morgan Stanley Capital I Trust | 4.193 | 09/15/47 | 3,611,043 | |||||||||||||
Series - 2011 C1 (Class F) |
186 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 1,600,000 | g,i | Morgan Stanley Capital I Trust | 5.375 | % | 09/15/47 | $ | 1,372,238 | ||||||||||
Series - 2011 C1 (Class D) | ||||||||||||||||||
13,000,000 | Morgan Stanley Capital I Trust | 2.606 | 08/15/49 | 13,161,603 | ||||||||||||||
Series - 2016 UB11 (Class ASB) | ||||||||||||||||||
517,571 | †,i | Morgan Stanley Capital I Trust | 6.149 | 12/12/49 | 308,472 | |||||||||||||
Series - 2007 IQ16 (Class AJ) | ||||||||||||||||||
1,000,000 | Morgan Stanley Capital I Trust | 4.177 | 07/15/51 | 1,099,219 | ||||||||||||||
Series - 2018 H3 (Class A5) | ||||||||||||||||||
2,500,000 | g,i | MSDB Trust | 3.316 | 07/11/39 | 2,359,820 | |||||||||||||
Series - 2017 712F (Class A) | ||||||||||||||||||
1,253,000 | g,i | Natixis Commercial Mortgage Securities Trust | 3.790 | 11/15/32 | 1,218,213 | |||||||||||||
Series - 2018 285M (Class C) | ||||||||||||||||||
5,000,000 | g,i | Natixis Commercial Mortgage Securities Trust | 2.205 | 07/15/36 | 4,679,146 | |||||||||||||
Series - 2019 MILE (Class A) | ||||||||||||||||||
2,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | 2.505 | 07/15/36 | 2,350,245 | |||||||||||||
Series - 2019 MILE (Class B) | ||||||||||||||||||
4,750,000 | g,i | Natixis Commercial Mortgage Securities Trust | 3.455 | 07/15/36 | 4,608,335 | |||||||||||||
Series - 2019 MILE (Class D) | ||||||||||||||||||
1,000,000 | g | Natixis Commercial Mortgage Securities Trust | 2.707 | 10/15/36 | 904,081 | |||||||||||||
Series - 2019 1776 (Class B) | ||||||||||||||||||
2,000,000 | g | Natixis Commercial Mortgage Securities Trust | 2.966 | 12/15/38 | 1,925,635 | |||||||||||||
Series - 2020 2PAC (Class A) | ||||||||||||||||||
360,144 | g,i | New Residential Mortgage Loan Trust | 4.000 | 02/25/57 | 372,804 | |||||||||||||
Series - 2017 1A (Class A1) | ||||||||||||||||||
359,428 | g,i | New Residential Mortgage Loan Trust | 4.000 | 08/27/57 | 371,984 | |||||||||||||
Series - 2017 6A (Class A1) | ||||||||||||||||||
420,902 | g,i | New Residential Mortgage Loan Trust | 4.750 | 12/25/57 | 439,121 | |||||||||||||
Series - 2018 5A (Class A1) | ||||||||||||||||||
369,398 | i | New York Mortgage Trust | 1.427 | 02/25/36 | 335,730 | |||||||||||||
Series - 2005 3 (Class A1) | ||||||||||||||||||
18,445,000 | g | One Market Plaza Trust | 3.614 | 02/10/32 | 17,898,683 | |||||||||||||
Series - 2017 1MKT (Class A) | ||||||||||||||||||
1,000,000 | g | RBS Commercial Funding, Inc Trust | 3.511 | 03/11/31 | 952,451 | |||||||||||||
Series - 2013 SMV (Class B) | ||||||||||||||||||
1,425,651 | g,i | Sequoia Mortgage Trust | 3.500 | 05/25/45 | 1,452,875 | |||||||||||||
Series - 2015 2 (Class A1) | ||||||||||||||||||
1,033,339 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/46 | 1,037,665 | |||||||||||||
Series - 2016 3 (Class A10) | ||||||||||||||||||
145,803 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 146,643 | |||||||||||||
Series - 2017 1 (Class A4) | ||||||||||||||||||
4,684,932 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 4,722,659 | |||||||||||||
Series - 2017 2 (Class A4) | ||||||||||||||||||
1,077,740 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 1,073,681 | |||||||||||||
Series - 2017 2 (Class A19) | ||||||||||||||||||
7,773,912 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 7,809,165 | |||||||||||||
Series - 2017 3 (Class A4) | ||||||||||||||||||
97,815 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 98,942 | |||||||||||||
Series - 2017 3 (Class A19) | ||||||||||||||||||
298,707 | g,i | Sequoia Mortgage Trust | 3.500 | 09/25/47 | 300,663 | |||||||||||||
Series - 2017 6 (Class A4) | ||||||||||||||||||
915,961 | g,i | Sequoia Mortgage Trust | 3.754 | 09/25/47 | 860,610 | |||||||||||||
Series - 2017 6 (Class B1) | ||||||||||||||||||
3,061,282 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/48 | 3,091,990 | |||||||||||||
Series - 2018 2 (Class A1) |
187 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 4,629,183 | g,i | Sequoia Mortgage Trust | 3.500 | % | 03/25/48 | $ | 4,660,515 | ||||||||||
Series - 2018 3 (Class A1) | ||||||||||||||||||
697,180 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 693,999 | |||||||||||||
Series - 2018 3 (Class A4) | ||||||||||||||||||
1,354,737 | g,i | Sequoia Mortgage Trust | 4.000 | 09/25/48 | 1,350,111 | |||||||||||||
Series - 2018 7 (Class A4) | ||||||||||||||||||
723,786 | g,i | Sequoia Mortgage Trust | 4.000 | 09/25/48 | 727,395 | |||||||||||||
Series - 2018 7 (Class A19) | ||||||||||||||||||
503,039 | g,i | Sequoia Mortgage Trust | 4.000 | 11/25/48 | 515,847 | |||||||||||||
Series - 2018 8 (Class A1) | ||||||||||||||||||
363,610 | g,i | Sequoia Mortgage Trust | 4.000 | 11/25/48 | 371,351 | |||||||||||||
Series - 2018 8 (Class A19) | ||||||||||||||||||
4,114,203 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 4,090,814 | |||||||||||||
Series - 2019 2 (Class A1) | ||||||||||||||||||
1,428,092 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 1,413,295 | |||||||||||||
Series - 2019 2 (Class A19) | ||||||||||||||||||
7,475,238 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/49 | 7,582,256 | |||||||||||||
Series - 2019 4 (Class A1) | ||||||||||||||||||
12,009,659 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 12,224,751 | |||||||||||||
Series - 2019 5 (Class A1) | ||||||||||||||||||
6,934,548 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 7,019,557 | |||||||||||||
Series - 2019 5 (Class A19) | ||||||||||||||||||
6,900,000 | g,i | Sequoia Mortgage Trust | 3.000 | 04/25/50 | 6,952,368 | |||||||||||||
Series - 2020 3 (Class A19) | ||||||||||||||||||
299,572 | g,i | Shellpoint Co-Originator Trust | 3.500 | 11/25/46 | 299,960 | |||||||||||||
Series - 2016 1 (Class 1A10) | ||||||||||||||||||
4,237,221 | i | Structured Agency Credit Risk Debt Note (STACR) | 3.147 | 09/25/24 | 4,207,985 | |||||||||||||
Series - 2014 HQ2 (Class M2) | ||||||||||||||||||
1,012,540 | i | STACR | 4.747 | 03/25/25 | 966,025 | |||||||||||||
Series - 2015 HQ1 (Class M3) | ||||||||||||||||||
1,309,623 | i | STACR | 2.897 | 05/25/25 | 1,252,817 | |||||||||||||
Series - 2015 HQ2 (Class M2) | ||||||||||||||||||
60,501 | i | STACR | 3.547 | 12/25/27 | 60,324 | |||||||||||||
Series - 2015 DNA2 (Class M2) | ||||||||||||||||||
3,307,846 | i | STACR | 5.597 | 10/25/28 | 3,142,452 | |||||||||||||
Series - 2016 DNA2 (Class M3) | ||||||||||||||||||
729,090 | i | STACR | 2.247 | 03/25/29 | 718,802 | |||||||||||||
Series - 2016 DNA4 (Class M2) | ||||||||||||||||||
10,525,000 | i | STACR | 4.197 | 07/25/29 | 9,261,985 | |||||||||||||
Series - 2017 DNA1 (Class M2) | ||||||||||||||||||
3,335,926 | i | STACR | 2.147 | 10/25/29 | 3,248,128 | |||||||||||||
Series - 2017 DNA2 (Class M1) | ||||||||||||||||||
5,900,482 | i | STACR | 1.697 | 03/25/30 | 5,804,056 | |||||||||||||
Series - 2017 DNA3 (Class M1) | ||||||||||||||||||
9,314,212 | i | STACR | 1.897 | 04/25/30 | 8,706,814 | |||||||||||||
Series - 2017 HQA3 (Class M2AS) | ||||||||||||||||||
709,763 | i | STACR | 3.297 | 04/25/30 | 609,327 | |||||||||||||
Series - HQA3 (Class M2) | ||||||||||||||||||
933,353 | g,i | STACR | 3.729 | 02/25/48 | 927,410 | |||||||||||||
Series - 2018 SPI1 (Class M1) | ||||||||||||||||||
1,066,476 | g,i | STACR | 3.811 | 05/25/48 | 1,031,710 | |||||||||||||
Series - 2018 SPI2 (Class M1) |
188 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 1,499,302 | g,i | STACR | 4.148 | % | 08/25/48 | $ | 1,463,934 | ||||||||||
Series - 2018 SPI3 (Class M1) | ||||||||||||||||||
2,435,248 | g,i | STACR | 4.461 | 11/25/48 | 2,002,705 | |||||||||||||
Series - 2018 SPI4 (Class M2) | ||||||||||||||||||
1,600,000 | g,i | STACR | 2.997 | 11/25/49 | 1,182,028 | |||||||||||||
Series - 2019 HQA4 (Class M2) | ||||||||||||||||||
1,770,000 | g,i | STACR | 2.797 | 02/25/50 | 1,124,307 | |||||||||||||
Series - 2020 DNA2 (Class M2) | ||||||||||||||||||
1,255,000 | g,i | STACR | 3.911 | 03/25/50 | 807,572 | |||||||||||||
Series - 2020 HQA2 (Class M2) | ||||||||||||||||||
2,000,000 | g,i | UBS-Barclays Commercial Mortgage Trust | 3.875 | 04/10/46 | 1,969,752 | |||||||||||||
Series - 2013 C6 (Class B) | ||||||||||||||||||
3,285,000 | g | UBS-Citigroup Commercial Mortgage Trust | 5.154 | 01/10/45 | 3,370,632 | |||||||||||||
Series - 2011 C1 (Class AS) | ||||||||||||||||||
2,314,362 | g | VSE VOI Mortgage LLC | 2.330 | 03/20/35 | 2,244,620 | |||||||||||||
Series - 2017 A (Class A) | ||||||||||||||||||
2,077,634 | g | VSE VOI Mortgage LLC | 4.020 | 02/20/36 | 2,043,746 | |||||||||||||
Series - 2018 A (Class C) | ||||||||||||||||||
10,000,000 | Wells Fargo Commercial Mortgage Trust | 3.539 | 10/15/45 | 10,053,254 | ||||||||||||||
Series - 2012 LC5 (Class AS) | ||||||||||||||||||
5,372,000 | Wells Fargo Commercial Mortgage Trust | 3.540 | 05/15/48 | 5,550,965 | ||||||||||||||
Series - 2015 C28 (Class A4) | ||||||||||||||||||
2,100,000 | i | Wells Fargo Commercial Mortgage Trust | 3.658 | 05/15/48 | 2,004,198 | |||||||||||||
Series - 2015 NXS1 (Class B) | ||||||||||||||||||
2,000,000 | i | Wells Fargo Commercial Mortgage Trust | 4.158 | 05/15/48 | 1,592,784 | |||||||||||||
Series - 2015 NXS1 (Class D) | ||||||||||||||||||
5,055,000 | Wells Fargo Commercial Mortgage Trust | 2.825 | 10/15/49 | 5,197,422 | ||||||||||||||
Series - 2016 LC24 (Class ASB) | ||||||||||||||||||
1,931,526 | Wells Fargo Commercial Mortgage Trust | 2.749 | 03/15/50 | 1,940,861 | ||||||||||||||
Series - 2017 RB1 (Class A2) | ||||||||||||||||||
2,900,000 | Wells Fargo Commercial Mortgage Trust | 3.184 | 04/15/50 | 2,948,087 | ||||||||||||||
Series - 2015 LC20 (Class A5) | ||||||||||||||||||
1,720,000 | Wells Fargo Commercial Mortgage Trust | 3.467 | 04/15/50 | 1,712,106 | ||||||||||||||
Series - 2015 LC20 (Class AS) | ||||||||||||||||||
2,800,000 | Wells Fargo Commercial Mortgage Trust | 3.453 | 07/15/50 | 2,922,273 | ||||||||||||||
Series - 2017 C38 (Class A5) | ||||||||||||||||||
3,290,000 | Wells Fargo Commercial Mortgage Trust | 4.302 | 01/15/52 | 3,579,135 | ||||||||||||||
Series - 2018 C48 (Class A5) | ||||||||||||||||||
2,360,000 | i | Wells Fargo Commercial Mortgage Trust | 3.972 | 09/15/57 | 2,404,265 | |||||||||||||
Series - 2015 NXS3 (Class AS) | ||||||||||||||||||
2,500,000 | i | Wells Fargo Commercial Mortgage Trust | 3.767 | 07/15/58 | 2,611,726 | |||||||||||||
Series - 2015 NXS2 (Class A5) | ||||||||||||||||||
2,700,000 | Wells Fargo Commercial Mortgage Trust | 3.952 | 01/15/59 | 2,748,506 | ||||||||||||||
Series - 2016 C32 (Class AS) | ||||||||||||||||||
1,500,000 | i | Wells Fargo Commercial Mortgage Trust | 4.727 | 01/15/59 | 1,499,566 | |||||||||||||
Series - 2016 C32 (Class B) | ||||||||||||||||||
1,000,000 | Wells Fargo Commercial Mortgage Trust | 2.933 | 11/15/59 | 1,021,895 | ||||||||||||||
Series - 2016 C36 (Class ASB) | ||||||||||||||||||
2,359,078 | g,i | Wells Fargo Mortgage Backed Securities Trust | 4.000 | 04/25/49 | 2,376,695 | |||||||||||||
Series - 2019 2 (Class A17) | ||||||||||||||||||
8,425,953 | g,i | Wells Fargo Mortgage Backed Securities Trust | 3.500 | 09/25/49 | 8,565,614 | |||||||||||||
Series - 2019 4 (Class A1) | ||||||||||||||||||
1,000,000 | i | WFRBS Commercial Mortgage Trust | 3.714 | 03/15/45 | 983,000 | |||||||||||||
Series - 2013 C11 (Class B) |
189 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 1,000,000 | WFRBS Commercial Mortgage Trust | 3.345 | % | 05/15/45 | $ | 994,282 | |||||||||||
Series - 2013 C13 (Class AS) | ||||||||||||||||||
3,700,000 | i | WFRBS Commercial Mortgage Trust | 4.079 | 03/15/46 | 3,857,411 | |||||||||||||
Series - 2013 UBS1 (Class A4) | ||||||||||||||||||
1,000,000 | i | WFRBS Commercial Mortgage Trust | 4.162 | 12/15/46 | 1,047,479 | |||||||||||||
Series - 2013 C18 (Class A5) | ||||||||||||||||||
1,664,000 | i | WFRBS Commercial Mortgage Trust | 4.690 | 12/15/46 | 1,499,041 | |||||||||||||
Series - 2013 C18 (Class C) | ||||||||||||||||||
2,225,281 | WFRBS Commercial Mortgage Trust | 3.995 | 05/15/47 | 2,330,788 | ||||||||||||||
Series - 2014 C20 (Class A5) | ||||||||||||||||||
1,250,000 | WFRBS Commercial Mortgage Trust | 3.607 | 11/15/47 | 1,302,463 | ||||||||||||||
Series - 2014 C24 (Class A5) | ||||||||||||||||||
TOTAL OTHER MORTGAGE BACKED | 762,149,548 | |||||||||||||||||
TOTAL STRUCTURED ASSETS | 1,458,467,380 | |||||||||||||||||
(Cost $1,524,851,267) | ||||||||||||||||||
TOTAL BONDS | 5,883,823,638 | |||||||||||||||||
(Cost $5,814,200,639) | ||||||||||||||||||
SHARES | COMPANY | |||||||||||||||||
COMMON STOCKS - 0.0% | ||||||||||||||||||
ENERGY - 0.0% | ||||||||||||||||||
9,696 | Peabody Energy Corp | 28,118 | ||||||||||||||||
TOTAL ENERGY | 28,118 | |||||||||||||||||
TOTAL COMMON STOCKS | 28,118 | |||||||||||||||||
(Cost $133,601) | ||||||||||||||||||
PRINCIPAL | ISSUER | |||||||||||||||||
SHORT-TERM INVESTMENTS - 7.5% | ||||||||||||||||||
GOVERNMENT AGENCY DEBT - 7.0% | ||||||||||||||||||
$ | 20,000,000 | Federal Farm Credit Bank (FFCB) | 0.500 | 04/13/20 | 19,999,533 | |||||||||||||
10,000,000 | FFCB | 0.100 | 04/23/20 | 9,999,572 | ||||||||||||||
50,000,000 | FFCB | 0.480 | 05/14/20 | 49,995,820 | ||||||||||||||
5,000,000 | FFCB | 0.120 | 09/25/20 | 4,996,804 | ||||||||||||||
600,000 | Federal Home Loan Bank (FHLB) | 0.350 | 07/30/20 | 599,820 | ||||||||||||||
20,000,000 | FHLMC | 0.100 | 08/19/20 | 19,991,444 | ||||||||||||||
10,000,000 | FHLMC | 0.050 | 10/19/20 | 9,992,183 | ||||||||||||||
56,080,000 | Federal Home Loan Bank (FHLB) | 0.700 | 04/13/20 | 56,078,692 | ||||||||||||||
10,000,000 | FHLB | 0.120 | 05/11/20 | 9,999,222 | ||||||||||||||
11,000,000 | FHLB | 0.120 | 05/12/20 | 10,999,123 | ||||||||||||||
850,000 | FHLB | 0.030 | 05/18/20 | 849,922 | ||||||||||||||
14,242,000 | FHLB | 0.150 | 05/28/20 | 14,240,422 | ||||||||||||||
14,900,000 | FHLB | 0.170 | 06/24/20 | 14,897,567 | ||||||||||||||
10,000,000 | FHLB | 0.120 | 07/09/20 | 9,997,525 | ||||||||||||||
30,433,000 | FHLB | 0.200 | 07/20/20 | 30,424,631 | ||||||||||||||
25,000,000 | FHLB | 0.130 | 07/24/20 | 24,992,875 | ||||||||||||||
25,000,000 | FHLB | 0.150 | 07/31/20 | 24,992,438 | ||||||||||||||
20,000,000 | FHLB | 0.270 | 09/15/20 | 19,987,939 |
190 |
TIAA-CREF FUNDS –Core Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 20,000,000 | FHLB | 0.060 | % | 10/01/20 | $ | 19,985,767 | ||||||||||
20,000,000 | FHLB | 0.170 | 03/08/21 | 19,967,794 | |||||||||||||
9,300,000 | Federal National Mortgage Association (FNMA) | 0.520 | 04/16/20 | 9,299,729 | |||||||||||||
20,000,000 | FNMA | 0.200 | 10/16/20 | 19,984,600 | |||||||||||||
10,000,000 | FNMA | 0.080 | 11/13/20 | 9,991,211 | |||||||||||||
25,000,000 | FNMA | 0.120 | 12/15/20 | 24,973,125 | |||||||||||||
25,000,000 | Federal Agricultural Mortgage Corp (FAMC) | 0.610 | 04/30/20 | 24,998,590 | |||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 462,236,348 | ||||||||||||||||
TREASURY DEBT - 0.5% | |||||||||||||||||
EGP | 56,950,000 | j | Egypt Treasury Bill | 0.000 | 06/09/20 | 3,534,431 | |||||||||||
49,900,000 | j | Egypt Treasury Bill | 0.000 | 08/11/20 | 3,025,437 | ||||||||||||
64,000,000 | j | Egypt Treasury Bill | 0.000 | 01/05/21 | 3,685,773 | ||||||||||||
$ | 25,000,000 | United States Treasury Bill | 0.510 | 04/09/20 | 24,999,708 | ||||||||||||
TOTAL TREASURY DEBT | 35,245,349 | ||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 497,481,697 | ||||||||||||||||
(Cost $497,227,520) | |||||||||||||||||
TOTAL INVESTMENTS - 98.3% | 6,491,203,212 | ||||||||||||||||
(Cost $6,435,901,537) | |||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - 1.7% | 112,845,582 | ||||||||||||||||
NET ASSETS - 100.0% | $ | 6,604,048,794 | |||||||||||||||
Abbreviation(s): | |||||||||||||||||
DOP | Dominican Republic Peso | ||||||||||||||||
EGP | Egyptian Pound | ||||||||||||||||
EUR | Euro | ||||||||||||||||
IDR | Indonesian Rupiah | ||||||||||||||||
LIBOR | London Interbank Offered Rate | ||||||||||||||||
M | Month | ||||||||||||||||
PEN | Peruvian Sol | ||||||||||||||||
REIT | Real Estate Investment Trust | ||||||||||||||||
RSD | Serbian Dinar | ||||||||||||||||
W | Week | ||||||||||||||||
† | Security is categorized as Level 3 in the fair value hierarchy. | ||||||||||||||||
‡ | Perpetual security | ||||||||||||||||
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/2020, the aggregate value of these securities is $1,234,853,473 or 18.7% of net assets. | ||||||||||||||||
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 | Zero coupon | ||||||||||||||||
k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. | ||||||||||||||||
o | Payment in Kind Bond | ||||||||||||||||
r | All or a portion of these securities represent an outstanding unfunded commitment. Refer to Note 5-investments for further details. | ||||||||||||||||
191 |
TIAA-CREF FUNDS –Core Bond Fund
Futures contracts outstanding as of March 31, 2020 were as follows:
Description | Number of long (short) contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation) | |||||||||||||
US 10 Year Note (CBT) | 7 | 06/19/20 | $ | 955,299 | $ | 970,813 | $ | 15,514 | ||||||||||
Forward foreign currency contracts outstanding as of March 31, 2020 were as follows:
Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation) | ||||||||
$ | 4,268 | EUR | 3,825 | Citibank, N.A. | 04/27/20 | $ | 44 | |||||||
$ | 3,672,060 | EUR | 3,370,469 | Citibank, N.A. | 05/18/20 | (52,319 | ) | |||||||
Total | $ | (52,275 | ) | |||||||||||
$ | 3,849,123 | EUR | 3,471,175 | Toronto Dominion Bank | 04/27/20 | $ | 16,563 | |||||||
Total | $ | (35,712 | ) |
Abbreviation(s): | |||
EUR | Euro |
Centrally cleared credit default swap contracts outstanding as of March 31, 2020 were as follows:
PURCHASED
Reference entity | Terms of payments to be paid | Terms of payments to be received | Counterparty | Maturity date | Notional amount(1) | Variation margin | Unrealized appreciation (depreciation) | ||||||||||||||
CDX-NAHYS33V3-5Y | 5.000 | % | Credit event as specified in contract | Citigroup Global Markets, Inc | 12/20/24 | $ | 14,210,000 | $ | 223,150 | $ | 444,624 | ||||||||||
CDX-NAHYS34V1-5Y | 5.000 | Credit event as specified in contract | Citigroup Global Markets, Inc | 06/20/25 | 14,500,000 | 224,292 | 291,129 | ||||||||||||||
Total | $ | 447,442 | $ | 735,753 |
(1) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs is defined under the terms of that particular swap agreement. This amount may be reduced by any recoverable assets, if applicable.
SOLD
Reference entity | Terms of payments to be paid | Terms of payments to be received | Counterparty | Maturity date | Notional amount(1) | Variation margin | Unrealized appreciation (depreciation) | ||||||||||||||
CDX-NAHYS33V3-5Y | Credit event as specified in contract | 5.000 | % | Citigroup Global Markets, Inc | 12/20/24 | $ | 14,210,000 | $ | (223,235 | ) | $ | (298,389 | ) |
(1) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs is defined under the terms of that particular swap agreement. This amount may be reduced by any recoverable assets, if applicable.
192 |
TIAA-CREF FUNDS - Core Impact Bond Fund
TIAA-CREF FUNDS
CORE IMPACT BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2020
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
BANK LOAN OBLIGATIONS - 0.2% | ||||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.0% | ||||||||||||||||||
1,926,672 | i | United Rentals North America, Inc | LIBOR 1 M + 1.750% | 2.739 | % | 10/31/25 | $ | 1,791,805 | ||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 1,791,805 | |||||||||||||||||
MATERIALS - 0.1% | ||||||||||||||||||
2,571,308 | i | H.B. Fuller Co | LIBOR 1 M + 2.000% | 2.773 | 10/21/24 | 2,216,159 | ||||||||||||
TOTAL MATERIALS | 2,216,159 | |||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.0% | ||||||||||||||||||
1,862,986 | †,i | MTS Systems Corp | LIBOR 1 M + 3.250% | 4.240 | 07/05/23 | 1,676,687 | ||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 1,676,687 | |||||||||||||||||
UTILITIES - 0.1% | ||||||||||||||||||
4,776,925 | i | ExGen Renewables IV LLC | LIBOR 3 M + 3.000% | 4.620 | 11/28/24 | 4,275,348 | ||||||||||||
TOTAL UTILITIES | 4,275,348 | |||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 9,959,999 | |||||||||||||||||
(Cost $11,114,634) | ||||||||||||||||||
BONDS - 97.8% | ||||||||||||||||||
CORPORATE BONDS - 47.0% | ||||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.6% | ||||||||||||||||||
2,100,000 | Aptiv plc | 4.400 | 10/01/46 | 1,616,802 | ||||||||||||||
6,975,000 | Aptiv plc | 5.400 | 03/15/49 | 6,457,251 | ||||||||||||||
7,125,000 | g,i | Harley-Davidson Financial Services, Inc | LIBOR 3 M + 0.940% | 2.520 | 03/02/21 | 7,119,000 | ||||||||||||
10,500,000 | g | Harley-Davidson Financial Services, Inc | 4.050 | 02/04/22 | 10,264,339 | |||||||||||||
5,000,000 | Magna International, Inc | 3.625 | 06/15/24 | 5,202,955 | ||||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 30,660,347 | |||||||||||||||||
BANKS - 11.7% | ||||||||||||||||||
20,700,000 | Bank of America Corp | 2.456 | 10/22/25 | 20,875,135 | ||||||||||||||
3,000,000 | g | Bank of Montreal | 2.500 | 01/11/22 | 3,093,554 | |||||||||||||
3,150,000 | g | Bank of Montreal | 2.100 | 06/15/22 | 3,254,085 | |||||||||||||
15,750,000 | i | Bank of Montreal | LIBOR 3 M + 0.630% | 1.398 | 09/11/22 | 14,965,650 | ||||||||||||
16,750,000 | i | Bank of Montreal | SOFR + 0.680% | 0.818 | 03/10/23 | 15,305,145 | ||||||||||||
3,000,000 | g | Bank of Nova Scotia | 1.875 | 09/20/21 | 3,038,002 | |||||||||||||
15,500,000 | Bank of Nova Scotia | 2.700 | 08/03/26 | 15,631,994 | ||||||||||||||
10,000,000 | g | BNG Bank NV | 3.125 | 11/08/21 | 10,415,372 | |||||||||||||
7,500,000 | g | BNG Bank NV | 2.625 | 02/27/24 | 8,009,319 | |||||||||||||
5,000,000 | g | Canadian Imperial Bank of Commerce | 3.150 | 06/27/21 | 5,095,094 | |||||||||||||
4,850,000 | i | Canadian Imperial Bank of Commerce | SOFR + 0.800% | 0.818 | 03/17/23 | 4,623,168 | ||||||||||||
10,000,000 | i | Canadian Imperial Bank of Commerce | LIBOR 3 M + 0.660% | 1.433 | 09/13/23 | 9,549,100 | ||||||||||||
17,250,000 | Canadian Imperial Bank of Commerce | 2.250 | 01/28/25 | 17,048,705 | ||||||||||||||
7,993,000 | i | Citizens Bank NA | LIBOR 3 M + 0.570% | 2.217 | 05/26/20 | 7,939,837 |
193 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 720,000 | i | Citizens Bank NA | LIBOR 3 M + 0.720% | 2.424 | % | 02/14/22 | $ | 678,256 | |||||||||
500,000 | i | Citizens Bank NA | LIBOR 3 M + 0.810% | 2.457 | 05/26/22 | 457,836 | ||||||||||||
500,000 | Citizens Bank NA | 2.650 | 05/26/22 | 499,398 | ||||||||||||||
3,800,000 | Citizens Bank NA | 3.750 | 02/18/26 | 3,875,755 | ||||||||||||||
1,125,000 | Citizens Financial Group, Inc | 2.375 | 07/28/21 | 1,133,657 | ||||||||||||||
20,000,000 | Citizens Financial Group, Inc | 2.850 | 07/27/26 | 19,506,915 | ||||||||||||||
5,975,000 | Citizens Financial Group, Inc | 2.500 | 02/06/30 | 5,285,934 | ||||||||||||||
11,150,000 | Comerica, Inc | 4.000 | 02/01/29 | 11,241,183 | ||||||||||||||
7,200,000 | g | Commonwealth Bank of Australia | 3.743 | 09/12/39 | 6,078,527 | |||||||||||||
6,000,000 | i | Cooperatieve Rabobank UA | LIBOR 3 M + 0.430% | 2.224 | 04/26/21 | 5,731,422 | ||||||||||||
1,850,000 | Cooperatieve Rabobank UA | 2.750 | 01/10/22 | 1,861,401 | ||||||||||||||
250,000 | Cooperatieve Rabobank UA | 3.950 | 11/09/22 | 251,457 | ||||||||||||||
5,000,000 | i | Cooperatieve Rabobank UA | LIBOR 3 M + 0.480% | 2.314 | 01/10/23 | 4,736,006 | ||||||||||||
3,037,000 | Cooperatieve Rabobank UA | 3.750 | 07/21/26 | 2,926,373 | ||||||||||||||
6,785,000 | Cooperatieve Rabobank UA/NY | 2.500 | 01/19/21 | 6,788,134 | ||||||||||||||
3,150,000 | Discover Bank | 3.350 | 02/06/23 | 3,163,075 | ||||||||||||||
7,700,000 | Discover Bank | 3.450 | 07/27/26 | 7,529,114 | ||||||||||||||
6,225,000 | Discover Bank | 2.700 | 02/06/30 | 5,411,592 | ||||||||||||||
4,500,000 | First Abu Dhabi Bank PJSC | 3.000 | 03/30/22 | 4,450,498 | ||||||||||||||
9,000,000 | FNB Corp | 2.200 | 02/24/23 | 8,827,678 | ||||||||||||||
8,000,000 | g | HSBC Bank Canada | 1.650 | 09/10/22 | 8,098,346 | |||||||||||||
8,385,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 8,323,160 | ||||||||||||||
8,275,000 | HSBC Holdings plc | 4.950 | 03/31/30 | 9,125,998 | ||||||||||||||
10,000,000 | i | ING Groep NV | LIBOR 3 M + 1.000% | 2.909 | 10/02/23 | 9,425,090 | ||||||||||||
14,850,000 | g | ING Groep NV | 4.625 | 01/06/26 | 15,651,290 | |||||||||||||
7,213,000 | g | Intesa Sanpaolo S.p.A | 6.500 | 02/24/21 | 7,309,846 | |||||||||||||
10,000,000 | g | Intesa Sanpaolo S.p.A | 3.250 | 09/23/24 | 9,323,853 | |||||||||||||
1,000,000 | g | Intesa Sanpaolo S.p.A | 5.710 | 01/15/26 | 974,464 | |||||||||||||
7,200,000 | g | Intesa Sanpaolo S.p.A | 4.000 | 09/23/29 | 6,565,704 | |||||||||||||
5,525,000 | g | Intesa Sanpaolo S.p.A | 4.700 | 09/23/49 | 4,750,796 | |||||||||||||
8,000,000 | i | KeyBank NA | LIBOR 3 M + 0.660% | 2.423 | 02/01/22 | 7,520,863 | ||||||||||||
6,090,000 | KeyBank NA | 1.250 | 03/10/23 | 5,964,170 | ||||||||||||||
13,000,000 | KeyCorp | 2.250 | 04/06/27 | 12,279,158 | ||||||||||||||
2,625,000 | KeyCorp | 4.100 | 04/30/28 | 2,764,849 | ||||||||||||||
7,375,000 | KeyCorp | 2.550 | 10/01/29 | 6,647,341 | ||||||||||||||
10,000,000 | i | M&T Bank Corp | LIBOR 3 M + 0.680% | 2.474 | 07/26/23 | 9,152,978 | ||||||||||||
11,330,000 | i | Manufacturers & Traders Trust Co | LIBOR 3 M + 0.270% | 2.064 | 01/25/21 | 11,170,782 | ||||||||||||
1,000,000 | Manufacturers & Traders Trust Co | 2.900 | 02/06/25 | 1,028,847 | ||||||||||||||
4,105,000 | Manufacturers & Traders Trust Co | 3.400 | 08/17/27 | 4,239,880 | ||||||||||||||
6,475,000 | Mitsubishi UFJ Financial Group, Inc | 2.527 | 09/13/23 | 6,418,662 | ||||||||||||||
13,700,000 | i | Mizuho Financial Group, Inc | LIBOR 3 M + 0.630% | 2.309 | 05/25/24 | 12,445,080 | ||||||||||||
15,250,000 | g | National Bank of Canada | 2.150 | 10/07/22 | 15,109,634 | |||||||||||||
11,310,000 | People's United Bank NA | 4.000 | 07/15/24 | 11,430,743 | ||||||||||||||
6,250,000 | People's United Financial, Inc | 3.650 | 12/06/22 | 6,415,276 | ||||||||||||||
5,290,000 | i | PNC Bank NA | LIBOR 3 M + 0.250% | 2.052 | 01/22/21 | 5,206,396 | ||||||||||||
7,695,000 | i | PNC Bank NA | LIBOR 3 M + 0.430% | 1.429 | 12/09/22 | 7,265,676 | ||||||||||||
2,993,000 | PNC Bank NA | 2.950 | 01/30/23 | 3,073,886 | ||||||||||||||
10,000,000 | i | Regions Bank | LIBOR 3 M + 0.380% | 1.813 | 04/01/21 | 9,789,441 | ||||||||||||
6,000,000 | i | Regions Bank | LIBOR 3 M + 0.500% | 2.207 | 08/13/21 | 5,838,913 | ||||||||||||
5,000,000 | Regions Financial Corp | 2.750 | 08/14/22 | 4,944,107 | ||||||||||||||
3,000,000 | Royal Bank of Canada | 2.100 | 10/14/20 | 2,993,391 | ||||||||||||||
11,225,000 | g | Shinhan Financial Group Co Ltd | 3.340 | 02/05/30 | 11,603,227 | |||||||||||||
11,512,000 | SVB Financial Group | 3.500 | 01/29/25 | 11,597,015 | ||||||||||||||
3,000,000 | g | Toronto-Dominion Bank | 1.950 | 04/02/20 | 3,000,000 |
194 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 5,000,000 | Toronto-Dominion Bank | 1.850 | % | 09/11/20 | $ | 4,993,591 | |||||||||||
6,000,000 | i | Toronto-Dominion Bank | LIBOR 3 M + 0.260% | 1.103 | 09/17/20 | 5,960,508 | ||||||||||||
1,845,000 | g | Toronto-Dominion Bank | 2.250 | 03/15/21 | 1,837,104 | |||||||||||||
10,000,000 | i | Toronto-Dominion Bank | LIBOR 3 M + 0.300% | 2.070 | 07/30/21 | 9,743,716 | ||||||||||||
12,500,000 | g | Toronto-Dominion Bank | 2.100 | 07/15/22 | 12,753,768 | |||||||||||||
11,350,000 | Truist Bank | 2.150 | 12/06/24 | 11,242,863 | ||||||||||||||
4,375,000 | Truist Bank | 2.250 | 03/11/30 | 4,011,429 | ||||||||||||||
10,000,000 | Truist Financial Corp | 3.700 | 06/05/25 | 10,104,366 | ||||||||||||||
7,000,000 | Truist Financial Corp | 3.875 | 03/19/29 | 7,100,201 | ||||||||||||||
3,000,000 | g | Westpac Banking Corp | 2.100 | 02/25/21 | 3,022,432 | |||||||||||||
4,850,000 | Zions Bancorp NA | 3.500 | 08/27/21 | 4,844,318 | ||||||||||||||
5,300,000 | Zions Bancorp NA | 3.350 | 03/04/22 | 5,196,579 | ||||||||||||||
TOTAL BANKS | 577,538,108 | |||||||||||||||||
CAPITAL GOODS - 0.8% | ||||||||||||||||||
3,000,000 | CNH Industrial Capital LLC | 3.875 | 10/15/21 | 2,983,813 | ||||||||||||||
4,000,000 | CNH Industrial Capital LLC | 4.200 | 01/15/24 | 3,907,958 | ||||||||||||||
3,053,000 | CNH Industrial NV | 3.850 | 11/15/27 | 2,942,608 | ||||||||||||||
3,175,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.500 | 03/21/26 | 3,176,309 | ||||||||||||||
8,975,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.800 | 03/21/29 | 9,074,115 | ||||||||||||||
10,500,000 | g | NBM US Holdings, Inc | 6.625 | 08/06/29 | 9,450,000 | |||||||||||||
2,200,000 | Oshkosh Corp | 3.100 | 03/01/30 | 2,132,178 | ||||||||||||||
2,700,000 | Parker-Hannifin Corp | 3.250 | 06/14/29 | 2,724,494 | ||||||||||||||
1,000,000 | Parker-Hannifin Corp | 4.200 | 11/21/34 | 1,038,551 | ||||||||||||||
TOTAL CAPITAL GOODS | 37,430,026 | |||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 1.1% | ||||||||||||||||||
7,500,000 | Covanta Holding Corp | 6.000 | 01/01/27 | 6,246,862 | ||||||||||||||
17,125,000 | g | Standard Chartered plc | 4.644 | 04/01/31 | 17,560,660 | |||||||||||||
7,500,000 | Visa, Inc | 1.900 | 04/15/27 | 7,478,850 | ||||||||||||||
8,250,000 | Visa, Inc | 2.050 | 04/15/30 | 8,238,038 | ||||||||||||||
8,700,000 | Visa, Inc | 2.700 | 04/15/40 | 8,635,968 | ||||||||||||||
750,000 | Waste Management, Inc | 2.400 | 05/15/23 | 737,465 | ||||||||||||||
2,200,000 | Waste Management, Inc | 3.900 | 03/01/35 | 2,513,804 | ||||||||||||||
4,750,000 | Waste Management, Inc | 4.000 | 07/15/39 | 5,160,197 | ||||||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 56,571,844 | |||||||||||||||||
CONSUMER SERVICES - 1.9% | ||||||||||||||||||
10,750,000 | Conservation Fund | 3.474 | 12/15/29 | 12,018,624 | ||||||||||||||
4,040,000 | Henry J Kaiser Family Foundation | 3.356 | 12/01/25 | 4,509,954 | ||||||||||||||
3,000,000 | Low Income Investment Fund | 3.386 | 07/01/26 | 3,285,515 | ||||||||||||||
8,900,000 | Low Income Investment Fund | 3.711 | 07/01/29 | 9,949,539 | ||||||||||||||
7,850,000 | Nature Conservancy | 2.843 | 02/01/24 | 7,858,409 | ||||||||||||||
4,100,000 | New York Public Library Astor Lenox & Tilden Foundations | 4.305 | 07/01/45 | 5,472,011 | ||||||||||||||
90,000 | Salvation Army | 5.637 | 09/01/26 | 104,968 | ||||||||||||||
5,000,000 | Salvation Army | 4.528 | 09/01/48 | 5,364,984 | ||||||||||||||
6,850,000 | Starbucks Corp | 2.450 | 06/15/26 | 6,863,075 | ||||||||||||||
17,495,000 | Starbucks Corp | 4.450 | 08/15/49 | 19,993,749 | ||||||||||||||
11,440,000 | Wisconsin Alumni Research Foundation | 3.564 | 10/01/49 | 11,943,533 | ||||||||||||||
5,000,000 | YMCA of Greater New York | 5.021 | 08/01/38 | 6,397,789 | ||||||||||||||
1,500,000 | YMCA of Greater New York | 5.151 | 08/01/48 | 1,978,257 | ||||||||||||||
TOTAL CONSUMER SERVICES | 95,740,407 |
195 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
DIVERSIFIED FINANCIALS - 4.9% | ||||||||||||||||||
$ | 4,800,000 | Ally Financial, Inc | 3.875 | % | 05/21/24 | $ | 4,320,000 | |||||||||||
10,000,000 | i | American Express Co | LIBOR 3 M + 0.750% | 2.513 | 08/03/23 | 9,385,405 | ||||||||||||
5,000,000 | American Express Co | 3.000 | 10/30/24 | 5,158,213 | ||||||||||||||
10,000,000 | AXA Equitable Holdings, Inc | 4.350 | 04/20/28 | 9,731,071 | ||||||||||||||
5,000,000 | AXA Equitable Holdings, Inc | 5.000 | 04/20/48 | 4,724,057 | ||||||||||||||
9,500,000 | Bank of Montreal | 3.803 | 12/15/32 | 9,227,397 | ||||||||||||||
2,125,000 | Bank of New York Mellon Corp | 2.661 | 05/16/23 | 2,132,922 | ||||||||||||||
10,750,000 | Century Housing Corp | 3.995 | 11/01/21 | 11,256,018 | ||||||||||||||
9,220,000 | Community Preservation Corp | 2.867 | 02/01/30 | 9,961,198 | ||||||||||||||
9,813,000 | i | Credit Agricole Corporate & Investment Bank S.A. | LIBOR 3 M + 0.625% | 2.533 | 10/03/21 | 9,661,367 | ||||||||||||
500,000 | g | EDP Finance BV | 5.250 | 01/14/21 | 514,156 | |||||||||||||
6,575,000 | g | EDP Finance BV | 3.625 | 07/15/24 | 6,603,552 | |||||||||||||
5,820,000 | Enterprise Community Loan Fund, Inc | 4.152 | 11/01/28 | 6,156,189 | ||||||||||||||
7,000,000 | g | Federation des Caisses Desjardins du Quebec | 1.950 | 09/26/22 | 7,010,286 | |||||||||||||
6,000,000 | Ford Foundation | 3.859 | 06/01/47 | 6,963,356 | ||||||||||||||
750,000 | i | IBM Credit LLC | LIBOR 3 M + 0.260% | 2.079 | 01/20/21 | 738,461 | ||||||||||||
2,250,000 | Morgan Stanley | 2.800 | 06/16/20 | 2,249,685 | ||||||||||||||
2,248,000 | Reinvestment Fund, Inc | 3.166 | 11/01/23 | 2,355,359 | ||||||||||||||
3,000,000 | Reinvestment Fund, Inc | 3.600 | 02/15/24 | 3,222,958 | ||||||||||||||
2,500,000 | Reinvestment Fund, Inc | 3.366 | 11/01/24 | 2,687,260 | ||||||||||||||
5,000,000 | Reinvestment Fund, Inc | 3.513 | 11/01/25 | 5,454,739 | ||||||||||||||
5,000,000 | Reinvestment Fund, Inc | 3.880 | 02/15/27 | 5,513,898 | ||||||||||||||
9,550,000 | Shire Acquisitions Investments Ireland DAC | 2.875 | 09/23/23 | 9,743,221 | ||||||||||||||
4,475,000 | g | State Street Corp | 2.825 | 03/30/23 | 4,515,845 | |||||||||||||
5,000,000 | State Street Corp | 2.653 | 05/15/23 | 4,922,866 | ||||||||||||||
10,750,000 | State Street Corp | 2.354 | 11/01/25 | 10,639,842 | ||||||||||||||
5,500,000 | g | Swiss Re Finance Luxembourg SA | 5.000 | 04/02/49 | 5,578,664 | |||||||||||||
2,175,000 | i | Toronto-Dominion Bank | LIBOR 3 M + 0.930% | 1.671 | 12/14/20 | 2,130,832 | ||||||||||||
17,950,000 | Toyota Motor Credit Corp | 2.900 | 03/30/23 | 18,062,651 | ||||||||||||||
7,475,000 | Toyota Motor Credit Corp | 3.000 | 04/01/25 | 7,510,123 | ||||||||||||||
12,475,000 | Toyota Motor Credit Corp | 2.150 | 02/13/30 | 11,583,143 | ||||||||||||||
10,200,000 | Toyota Motor Credit Corp | 3.375 | 04/01/30 | 10,319,462 | ||||||||||||||
24,750,000 | Unilever Capital Corp | 2.000 | 07/28/26 | 24,691,100 | ||||||||||||||
3,115,000 | Unilever Capital Corp | 2.125 | 09/06/29 | 3,180,372 | ||||||||||||||
1,925,000 | g | WLB Asset II Pte Ltd | 4.000 | 01/14/24 | 1,956,089 | |||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 239,861,757 | |||||||||||||||||
ENERGY - 2.6% | ||||||||||||||||||
6,829,327 | g | Continental Wind LLC | 6.000 | 02/28/33 | 7,172,028 | |||||||||||||
5,290,000 | i | Enbridge, Inc | LIBOR 3 M + 0.700% | 1.441 | 06/15/20 | 5,233,053 | ||||||||||||
7,600,000 | Enbridge, Inc | 2.500 | 01/15/25 | 7,067,244 | ||||||||||||||
12,500,000 | Enbridge, Inc | 3.125 | 11/15/29 | 11,551,950 | ||||||||||||||
8,175,000 | EQT Corp | 6.125 | 02/01/25 | 6,295,568 | ||||||||||||||
6,125,000 | EQT Corp | 7.000 | 02/01/30 | 4,563,247 | ||||||||||||||
1,500,000 | Equinor ASA | 2.900 | 11/08/20 | 1,504,789 | ||||||||||||||
1,735,000 | Equinor ASA | 2.750 | 11/10/21 | 1,753,520 | ||||||||||||||
500,000 | Equinor ASA | 3.150 | 01/23/22 | 510,399 | ||||||||||||||
1,000,000 | Equinor ASA | 2.450 | 01/17/23 | 1,016,803 | ||||||||||||||
500,000 | Equinor ASA | 2.650 | 01/15/24 | 508,149 | ||||||||||||||
2,000,000 | Equinor ASA | 3.700 | 03/01/24 | 2,078,077 | ||||||||||||||
3,000,000 | Equinor ASA | 3.950 | 05/15/43 | 3,105,706 |
196 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 10,705,000 | Equinor ASA | 3.250 | % | 11/18/49 | $ | 10,541,635 | |||||||||||
2,900,000 | g | Greenko Dutch BV | 4.875 | 07/24/22 | 2,548,276 | |||||||||||||
10,000,000 | Noble Energy, Inc | 3.900 | 11/15/24 | 8,249,246 | ||||||||||||||
1,925,000 | ONEOK, Inc | 4.000 | 07/13/27 | 1,584,571 | ||||||||||||||
7,246,000 | ONEOK, Inc | 3.400 | 09/01/29 | 5,414,634 | ||||||||||||||
3,350,000 | ONEOK, Inc | 4.950 | 07/13/47 | 2,650,052 | ||||||||||||||
10,000,000 | ONEOK, Inc | 4.450 | 09/01/49 | 7,768,872 | ||||||||||||||
6,100,000 | g,i | Phillips 66 | LIBOR 3 M + 0.750% | 2.581 | 04/15/20 | 6,094,628 | ||||||||||||
5,000,000 | g | TerraForm Power Operating LLC | 5.000 | 01/31/28 | 5,239,000 | |||||||||||||
5,869,000 | Total Capital International S.A. | 3.750 | 04/10/24 | 6,155,046 | ||||||||||||||
7,150,000 | Total Capital International S.A. | 2.829 | 01/10/30 | 7,240,526 | ||||||||||||||
9,000,000 | Total Capital S.A. | 4.450 | 06/24/20 | 8,996,798 | ||||||||||||||
4,500,000 | g | Woodside Finance Ltd | 3.700 | 03/15/28 | 4,325,177 | |||||||||||||
TOTAL ENERGY | 129,168,994 | |||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 0.8% | ||||||||||||||||||
9,200,000 | Coca-Cola Co | 1.750 | 09/06/24 | 9,365,818 | ||||||||||||||
7,200,000 | Coca-Cola Co | 2.125 | 09/06/29 | 7,202,705 | ||||||||||||||
4,675,000 | General Mills, Inc | 2.875 | 04/15/30 | 4,665,650 | ||||||||||||||
3,900,000 | JM Smucker Co | 2.375 | 03/15/30 | 3,594,583 | ||||||||||||||
2,625,000 | PepsiCo, Inc | 2.625 | 03/19/27 | 2,742,318 | ||||||||||||||
8,661,000 | PepsiCo, Inc | 2.875 | 10/15/49 | 8,988,566 | ||||||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 36,559,640 | |||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.5% | ||||||||||||||||||
5,500,000 | Becton Dickinson & Co | 2.031 | 06/06/22 | 5,144,089 | ||||||||||||||
7,250,000 | Becton Dickinson & Co | 3.363 | 06/06/24 | 7,265,683 | ||||||||||||||
3,909,000 | Becton Dickinson & Co | 4.685 | 12/15/44 | 4,112,494 | ||||||||||||||
10,000,000 | i | Cigna Corp | LIBOR 3 M + 0.890% | 2.721 | 07/15/23 | 9,297,957 | ||||||||||||
2,375,000 | HCA, Inc | 5.125 | 06/15/39 | 2,453,005 | ||||||||||||||
1,000,000 | Laboratory Corp of America Holdings | 3.200 | 02/01/22 | 1,008,106 | ||||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 29,281,334 | |||||||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS - 0.7% | ||||||||||||||||||
5,150,000 | Estee Lauder Cos, Inc | 3.125 | 12/01/49 | 5,001,772 | ||||||||||||||
5,900,000 | Kimberly-Clark Corp | 3.950 | 11/01/28 | 6,750,638 | ||||||||||||||
2,125,000 | Procter & Gamble Co | 2.450 | 03/25/25 | 2,227,688 | ||||||||||||||
6,925,000 | Procter & Gamble Co | 2.800 | 03/25/27 | 7,551,393 | ||||||||||||||
5,300,000 | Procter & Gamble Co | 3.000 | 03/25/30 | 5,883,211 | ||||||||||||||
3,350,000 | Procter & Gamble Co | 3.550 | 03/25/40 | 3,906,994 | ||||||||||||||
3,150,000 | Procter & Gamble Co | 3.600 | 03/25/50 | 3,885,533 | ||||||||||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 35,207,229 | |||||||||||||||||
INSURANCE - 0.5% | ||||||||||||||||||
3,750,000 | g | Five Corners Funding Trust | 4.419 | 11/15/23 | 4,034,021 | |||||||||||||
5,000,000 | Progressive Corp | 3.700 | 01/26/45 | 5,077,148 | ||||||||||||||
2,000,000 | Prudential Financial, Inc | 5.375 | 05/15/45 | 1,909,400 | ||||||||||||||
5,000,000 | g | Swiss Re Treasury US Corp | 2.875 | 12/06/22 | 5,218,719 | |||||||||||||
6,674,000 | g | Swiss Re Treasury US Corp | 4.250 | 12/06/42 | 8,016,903 | |||||||||||||
TOTAL INSURANCE | 24,256,191 | |||||||||||||||||
MATERIALS - 2.9% | ||||||||||||||||||
4,500,000 | i | 3M Co | LIBOR 3 M + 0.300% | 2.004 | 02/14/24 | 4,482,197 |
197 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 14,500,000 | 3M Co | 2.000 | % | 02/14/25 | $ | 14,922,743 | |||||||||||
10,000,000 | 3M Co | 2.650 | 04/15/25 | 10,437,187 | ||||||||||||||
5,000,000 | 3M Co | 3.050 | 04/15/30 | 5,236,390 | ||||||||||||||
6,100,000 | 3M Co | 3.125 | 09/19/46 | 5,543,207 | ||||||||||||||
4,800,000 | 3M Co | 3.700 | 04/15/50 | 5,371,170 | ||||||||||||||
10,588,000 | g | Air Liquide Finance S.A. | 2.500 | 09/27/26 | 10,361,316 | |||||||||||||
11,250,000 | g | Air Liquide Finance S.A. | 2.250 | 09/10/29 | 10,381,119 | |||||||||||||
7,250,000 | g | Celulosa Arauco y Constitucion S.A. | 4.200 | 01/29/30 | 6,216,875 | |||||||||||||
10,000,000 | g | Celulosa Arauco y Constitucion S.A. | 5.150 | 01/29/50 | 7,870,000 | |||||||||||||
5,000,000 | Commercial Metals Co | 5.750 | 04/15/26 | 4,666,975 | ||||||||||||||
3,600,000 | Fibria Overseas Finance Ltd | 5.500 | 01/17/27 | 3,463,920 | ||||||||||||||
1,350,000 | International Flavors & Fragrances, Inc | 3.400 | 09/25/20 | 1,356,065 | ||||||||||||||
1,934,000 | International Paper Co | 4.800 | 06/15/44 | 1,918,774 | ||||||||||||||
6,375,000 | International Paper Co | 4.350 | 08/15/48 | 6,172,717 | ||||||||||||||
5,750,000 | g | Inversiones CMPC S.A. | 4.375 | 04/04/27 | 5,361,932 | |||||||||||||
12,000,000 | g | Klabin Austria GmbH | 7.000 | 04/03/49 | 10,980,000 | |||||||||||||
7,225,000 | g | Klabin Finance S.A. | 4.875 | 09/19/27 | 6,606,359 | |||||||||||||
EUR | 2,500,000 | g | LG Chem Ltd | 0.500 | 04/15/23 | 2,626,301 | ||||||||||||
$ | 11,850,000 | g | LG Chem Ltd | 3.625 | 04/15/29 | 11,686,904 | ||||||||||||
5,000,000 | Newmont Corp | 2.250 | 10/01/30 | 4,604,554 | ||||||||||||||
2,000,000 | Nutrien Ltd | 3.500 | 06/01/23 | 2,044,187 | ||||||||||||||
1,000,000 | Nutrien Ltd | 5.250 | 01/15/45 | 1,100,682 | ||||||||||||||
2,500,000 | g | Sealed Air Corp | 5.500 | 09/15/25 | 2,531,275 | |||||||||||||
TOTAL MATERIALS | 145,942,849 | |||||||||||||||||
MEDIA & ENTERTAINMENT - 0.1% | ||||||||||||||||||
3,000,000 | Discovery Communications LLC | 5.000 | 09/20/37 | 2,970,577 | ||||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 2,970,577 | |||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.5% | ||||||||||||||||||
14,500,000 | g,i | AbbVie, Inc | LIBOR 3 M + 0.650% | 2.346 | 11/21/22 | 13,565,200 | ||||||||||||
4,800,000 | g | AbbVie, Inc | 3.200 | 11/21/29 | 4,896,833 | |||||||||||||
1,875,000 | Biogen, Inc | 2.900 | 09/15/20 | 1,880,441 | ||||||||||||||
2,000,000 | g | Bristol-Myers Squibb Co | 2.875 | 08/15/20 | 2,007,014 | |||||||||||||
4,000,000 | g,i | Bristol-Myers Squibb Co | LIBOR 3 M + 0.380% | 2.072 | 05/16/22 | 3,902,880 | ||||||||||||
5,000,000 | g | Bristol-Myers Squibb Co | 2.750 | 02/15/23 | 5,168,281 | |||||||||||||
5,000,000 | g | Bristol-Myers Squibb Co | 3.450 | 11/15/27 | 5,326,358 | |||||||||||||
1,875,000 | Bristol-Myers Squibb Co | 3.250 | 08/01/42 | 1,932,821 | ||||||||||||||
4,000,000 | i | GlaxoSmithKline Capital plc | LIBOR 3 M + 0.350% | 2.054 | 05/14/21 | 3,843,310 | ||||||||||||
5,750,000 | GlaxoSmithKline Capital, Inc | 3.625 | 05/15/25 | 6,196,988 | ||||||||||||||
11,500,000 | Merck & Co, Inc | 3.900 | 03/07/39 | 13,568,451 | ||||||||||||||
5,674,000 | g | Roche Holdings, Inc | 2.375 | 01/28/27 | 5,743,061 | |||||||||||||
1,150,000 | Zoetis, Inc | 3.450 | 11/13/20 | 1,138,716 | ||||||||||||||
7,200,000 | i | Zoetis, Inc | LIBOR 3 M + 0.440% | 2.135 | 08/20/21 | 6,606,743 | ||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 75,777,097 | |||||||||||||||||
REAL ESTATE - 1.5% | ||||||||||||||||||
4,600,000 | Alexandria Real Estate Equities, Inc | 4.000 | 01/15/24 | 4,699,665 | ||||||||||||||
1,975,000 | Brandywine Operating Partnership LP | 3.950 | 02/15/23 | 2,040,247 | ||||||||||||||
4,300,000 | Brandywine Operating Partnership LP | 3.950 | 11/15/27 | 4,034,290 | ||||||||||||||
6,875,000 | Brixmor Operating Partnership LP | 3.900 | 03/15/27 | 6,844,161 |
198 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 5,000,000 | Digital Realty Trust LP | 3.950 | % | 07/01/22 | $ | 5,116,369 | |||||||||||
4,000,000 | Duke Realty LP | 2.875 | 11/15/29 | 3,846,732 | ||||||||||||||
10,100,000 | g | HAT Holdings I LLC | 5.250 | 07/15/24 | 9,696,000 | |||||||||||||
2,850,000 | Healthpeak Properties, Inc | 3.500 | 07/15/29 | 2,787,843 | ||||||||||||||
11,141,000 | Host Hotels & Resorts LP | 3.375 | 12/15/29 | 9,394,889 | ||||||||||||||
4,725,000 | Kilroy Realty LP | 3.450 | 12/15/24 | 4,636,964 | ||||||||||||||
6,700,000 | Kilroy Realty LP | 4.750 | 12/15/28 | 6,986,272 | ||||||||||||||
1,000,000 | Kilroy Realty LP | 3.050 | 02/15/30 | 916,533 | ||||||||||||||
9,157,000 | Regency Centers LP | 3.750 | 06/15/24 | 9,595,006 | ||||||||||||||
4,840,000 | Washington REIT | 4.950 | 10/01/20 | 4,840,000 | ||||||||||||||
TOTAL REAL ESTATE | 75,434,971 | |||||||||||||||||
RETAILING - 2.0% | ||||||||||||||||||
7,200,000 | Home Depot, Inc | 2.500 | 04/15/27 | 7,271,824 | ||||||||||||||
16,050,000 | Home Depot, Inc | 2.700 | 04/15/30 | 16,357,126 | ||||||||||||||
16,000,000 | Home Depot, Inc | 3.300 | 04/15/40 | 16,409,093 | ||||||||||||||
14,300,000 | Home Depot, Inc | 3.350 | 04/15/50 | 15,549,220 | ||||||||||||||
7,725,000 | Lowe's Cos, Inc | 4.000 | 04/15/25 | 8,257,980 | ||||||||||||||
6,425,000 | Lowe's Cos, Inc | 4.500 | 04/15/30 | 7,089,027 | ||||||||||||||
3,150,000 | Lowe's Cos, Inc | 5.000 | 04/15/40 | 3,564,662 | ||||||||||||||
11,175,000 | Lowe's Cos, Inc | 4.250 | 09/15/44 | 10,556,680 | ||||||||||||||
3,150,000 | Lowe's Cos, Inc | 5.125 | 04/15/50 | 3,794,290 | ||||||||||||||
11,900,000 | Target Corp | 2.250 | 04/15/25 | 12,081,316 | ||||||||||||||
TOTAL RETAILING | 100,931,218 | |||||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.2% | ||||||||||||||||||
7,575,000 | Texas Instruments, Inc | 3.875 | 03/15/39 | 8,723,359 | ||||||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 8,723,359 | |||||||||||||||||
SOFTWARE & SERVICES - 0.5% | ||||||||||||||||||
23,000,000 | i | International Business Machines Corp | LIBOR 3 M + 0.400% | 2.107 | 05/13/21 | 22,809,031 | ||||||||||||
TOTAL SOFTWARE & SERVICES | 22,809,031 | |||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1% | ||||||||||||||||||
5,750,000 | Apple, Inc | 3.000 | 06/20/27 | 6,221,273 | ||||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 6,221,273 | |||||||||||||||||
TELECOMMUNICATION SERVICES - 0.5% | ||||||||||||||||||
8,675,000 | Rogers Communications, Inc | 3.700 | 11/15/49 | 8,973,731 | ||||||||||||||
12,000,000 | Telefonica Emisiones SAU | 5.520 | 03/01/49 | 14,081,414 | ||||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 23,055,145 | |||||||||||||||||
TRANSPORTATION - 3.0% | ||||||||||||||||||
18,379,000 | Canadian Pacific Railway Co | 2.050 | 03/05/30 | 17,065,893 | ||||||||||||||
2,050,000 | CSX Corp | 2.400 | 02/15/30 | 2,018,790 | ||||||||||||||
6,105,000 | CSX Corp | 3.800 | 11/01/46 | 6,135,705 | ||||||||||||||
5,700,000 | CSX Corp | 4.750 | 11/15/48 | 6,573,849 | ||||||||||||||
2,450,000 | CSX Corp | 4.250 | 11/01/66 | 2,445,748 | ||||||||||||||
2,735,345 | Delta Air Lines, Inc | 4.250 | 07/30/23 | 2,508,861 | ||||||||||||||
2,850,000 | Delta Air Lines, Inc | 3.204 | 04/25/24 | 2,782,389 | ||||||||||||||
15,700,000 | Delta Air Lines, Inc | 3.404 | 04/25/24 | 15,072,477 | ||||||||||||||
18,350,000 | Delta Air Lines, Inc | 2.900 | 10/28/24 | 14,687,124 | ||||||||||||||
2,808,187 | Delta Air Lines, Inc | 3.625 | 07/30/27 | 2,551,864 |
199 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 13,700,000 | Delta Air Lines, Inc | 2.000 | % | 06/10/28 | $ | 12,463,930 | |||||||||||
12,000,000 | Delta Air Lines, Inc | 2.500 | 06/10/28 | 10,877,223 | ||||||||||||||
2,500,000 | Kansas City Southern | 4.300 | 05/15/43 | 2,525,579 | ||||||||||||||
2,500,000 | Kansas City Southern | 4.950 | 08/15/45 | 2,600,388 | ||||||||||||||
500,000 | Norfolk Southern Corp | 2.900 | 06/15/26 | 509,771 | ||||||||||||||
8,175,000 | Southwest Airlines Co | 2.625 | 02/10/30 | 6,859,582 | ||||||||||||||
5,603,093 | Union Pacific Railroad Co | 3.227 | 05/14/26 | 5,735,144 | ||||||||||||||
8,569,661 | Union Pacific Railroad Co | 2.695 | 05/12/27 | 9,003,900 | ||||||||||||||
1,743,397 | Union Pacific Railroad Co | 5.866 | 07/02/30 | 2,089,111 | ||||||||||||||
2,715,000 | i | United Parcel Service, Inc | LIBOR 3 M + 0.150% | 1.583 | 04/01/21 | 2,679,013 | ||||||||||||
5,000,000 | i | United Parcel Service, Inc | LIBOR 3 M + 0.380% | 2.072 | 05/16/22 | 4,785,824 | ||||||||||||
7,500,000 | i | United Parcel Service, Inc | LIBOR 3 M + 0.450% | 1.883 | 04/01/23 | 7,178,503 | ||||||||||||
10,000,000 | United Parcel Service, Inc | 3.750 | 11/15/47 | 10,426,733 | ||||||||||||||
TOTAL TRANSPORTATION | 149,577,401 | |||||||||||||||||
UTILITIES - 8.6% | ||||||||||||||||||
10,750,000 | g | AES Gener S.A. | 6.350 | 10/07/79 | 8,170,000 | |||||||||||||
12,500,000 | Arizona Public Service Co | 3.750 | 05/15/46 | 13,144,663 | ||||||||||||||
11,800,000 | Avangrid, Inc | 3.150 | 12/01/24 | 11,737,830 | ||||||||||||||
10,000,000 | Avangrid, Inc | 3.800 | 06/01/29 | 10,235,757 | ||||||||||||||
10,025,000 | Avista Corp | 4.350 | 06/01/48 | 10,732,558 | ||||||||||||||
800,000 | g | Azure Power Energy Ltd | 5.500 | 11/03/22 | 730,315 | |||||||||||||
5,025,000 | g | Azure Power Solar Energy Pvt Ltd | 5.650 | 12/24/24 | 4,269,060 | |||||||||||||
7,500,000 | g | Brooklyn Union Gas Co | 4.273 | 03/15/48 | 7,731,762 | |||||||||||||
10,000,000 | g | Brooklyn Union Gas Co | 4.487 | 03/04/49 | 10,617,258 | |||||||||||||
5,425,000 | Clearway Energy Operating LLC | 5.750 | 10/15/25 | 5,370,750 | ||||||||||||||
1,095,000 | i | Consolidated Edison Co of New York, Inc | LIBOR 3 M + 0.400% | 1.616 | 06/25/21 | 1,063,311 | ||||||||||||
8,170,000 | g | Consorcio Transmantaro SA | 4.700 | 04/16/34 | 7,649,244 | |||||||||||||
4,200,000 | Consumers Energy Co | 3.500 | 08/01/51 | 4,518,030 | ||||||||||||||
1,693,000 | i | Dominion Energy Gas Holdings LLC | LIBOR 3 M + 0.600% | 1.341 | 06/15/21 | 1,627,379 | ||||||||||||
8,850,000 | Dominion Energy Gas Holdings LLC | 2.500 | 11/15/24 | 8,598,986 | ||||||||||||||
7,000,000 | Dominion Energy, Inc | 3.300 | 03/15/25 | 7,096,608 | ||||||||||||||
9,050,000 | Dominion Energy, Inc | 3.600 | 03/15/27 | 9,230,407 | ||||||||||||||
4,850,000 | Dominion Energy, Inc (Step Bond) | 3.071 | 08/15/24 | 4,847,253 | ||||||||||||||
9,574,000 | DTE Electric Co | 4.050 | 05/15/48 | 10,868,570 | ||||||||||||||
10,000,000 | DTE Electric Co | 3.950 | 03/01/49 | 10,910,758 | ||||||||||||||
12,000,000 | DTE Energy Co | 2.850 | 10/01/26 | 11,984,601 | ||||||||||||||
10,750,000 | Duke Energy Florida LLC | 2.500 | 12/01/29 | 10,564,990 | ||||||||||||||
7,230,000 | g | Electricite de France S.A. | 3.625 | 10/13/25 | 7,441,802 | |||||||||||||
3,850,000 | Exelon Corp | 4.050 | 04/15/30 | 3,812,964 | ||||||||||||||
3,150,000 | Exelon Corp | 4.700 | 04/15/50 | 3,290,324 | ||||||||||||||
2,425,000 | Florida Power & Light Co | 2.850 | 04/01/25 | 2,550,181 | ||||||||||||||
2,261,000 | Fortis, Inc | 3.055 | 10/04/26 | 2,165,973 | ||||||||||||||
6,232,000 | Georgia Power Co | 3.250 | 04/01/26 | 6,469,938 | ||||||||||||||
13,850,000 | g | Hanwha Energy USA Holdings Corp | 2.375 | 07/30/22 | 13,775,677 | |||||||||||||
5,750,000 | Interstate Power & Light Co | 4.100 | 09/26/28 | 6,440,882 | ||||||||||||||
1,200,000 | Interstate Power & Light Co | 3.500 | 09/30/49 | 1,088,161 | ||||||||||||||
7,925,000 | g | Korea Hydro & Nuclear Power Co Ltd | 3.750 | 07/25/23 | 8,439,896 | |||||||||||||
5,000,000 | MidAmerican Energy Co | 3.100 | 05/01/27 | 5,142,769 | ||||||||||||||
2,375,000 | MidAmerican Energy Co | 3.650 | 04/15/29 | 2,594,147 | ||||||||||||||
5,246,000 | MidAmerican Energy Co | 3.950 | 08/01/47 | 5,651,013 | ||||||||||||||
2,430,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 2,608,215 | ||||||||||||||
4,250,000 | MidAmerican Energy Co | 3.150 | 04/15/50 | 4,309,106 |
200 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 3,225,000 | g | NextEra Energy Operating Partners LP | 4.250 | % | 07/15/24 | $ | 3,144,375 | ||||||||||
1,000,000 | g | NextEra Energy Operating Partners LP | 4.250 | 09/15/24 | 975,000 | |||||||||||||
1,875,000 | g | NextEra Energy Operating Partners LP | 4.500 | 09/15/27 | 1,828,125 | |||||||||||||
750,000 | g | Niagara Mohawk Power Corp | 4.278 | 10/01/34 | 798,164 | |||||||||||||
8,758,000 | NorthWestern Corp | 4.176 | 11/15/44 | 9,625,258 | ||||||||||||||
3,175,000 | NSTAR Electric Co | 3.950 | 04/01/30 | 3,553,790 | ||||||||||||||
5,450,000 | Oklahoma Gas & Electric Co | 3.250 | 04/01/30 | 5,461,837 | ||||||||||||||
4,100,000 | ONE Gas, Inc | 4.500 | 11/01/48 | 4,808,694 | ||||||||||||||
5,600,000 | g | Pattern Energy Group, Inc | 5.875 | 02/01/24 | 5,559,008 | |||||||||||||
5,925,000 | PSEG Power LLC | 3.850 | 06/01/23 | 6,026,777 | ||||||||||||||
3,950,000 | Public Service Co of Colorado | 4.100 | 06/15/48 | 4,301,144 | ||||||||||||||
17,025,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 17,227,617 | ||||||||||||||
1,000,000 | Public Service Co of New Hampshire | 3.500 | 11/01/23 | 1,067,701 | ||||||||||||||
2,975,000 | Public Service Co of New Hampshire | 3.600 | 07/01/49 | 3,052,400 | ||||||||||||||
8,700,000 | Public Service Electric & Gas Co | 3.200 | 08/01/49 | 8,691,256 | ||||||||||||||
1,000,020 | San Diego Gas & Electric Co | 1.914 | 02/01/22 | 1,004,367 | ||||||||||||||
7,500,000 | San Diego Gas & Electric Co | 4.150 | 05/15/48 | 8,077,256 | ||||||||||||||
1,000,000 | Sempra Energy | 2.875 | 10/01/22 | 1,003,344 | ||||||||||||||
2,614,926 | g | Solar Star Funding LLC | 3.950 | 06/30/35 | 2,651,803 | |||||||||||||
5,140,454 | g | Solar Star Funding LLC | 5.375 | 06/30/35 | 5,677,073 | |||||||||||||
4,700,000 | Southern California Edison Co | 3.400 | 06/01/23 | 4,815,994 | ||||||||||||||
5,500,000 | Southern California Edison Co | 4.125 | 03/01/48 | 5,871,926 | ||||||||||||||
7,000,000 | Southern Power Co | 2.500 | 12/15/21 | 6,894,889 | ||||||||||||||
10,815,000 | Southern Power Co | 4.150 | 12/01/25 | 11,152,066 | ||||||||||||||
12,895,000 | Southwestern Public Service Co | 3.750 | 06/15/49 | 13,525,311 | ||||||||||||||
15,479,000 | i | Spectra Energy Partners LP | LIBOR 3 M + 0.700% | 2.014 | 06/05/20 | 15,313,801 | ||||||||||||
9,936,000 | g | Star Energy Geothermal Wayang Windu Ltd | 6.750 | 04/24/33 | 8,948,973 | |||||||||||||
8,580,861 | g | Topaz Solar Farms LLC | 4.875 | 09/30/39 | 8,837,746 | |||||||||||||
901,920 | g | Topaz Solar Farms LLC | 5.750 | 09/30/39 | 992,864 | |||||||||||||
8,250,000 | Westar Energy, Inc | 2.550 | 07/01/26 | 8,561,002 | ||||||||||||||
TOTAL UTILITIES | 426,930,699 | |||||||||||||||||
TOTAL CORPORATE BONDS | 2,330,649,497 | |||||||||||||||||
(Cost $2,345,978,959) | ||||||||||||||||||
GOVERNMENT BONDS - 39.7% | ||||||||||||||||||
AGENCY SECURITIES - 8.5% | ||||||||||||||||||
9,956,250 | Abay Leasing LLC | 2.654 | 11/09/26 | 10,388,925 | ||||||||||||||
586,956 | ALEX Alpha LLC | 1.617 | 08/15/24 | 591,737 | ||||||||||||||
1,817,000 | Canal Barge Co, Inc | 4.500 | 11/12/34 | 2,185,137 | ||||||||||||||
6,621,704 | CES MU2 LLC | 2.166 | 12/16/26 | 6,815,600 | ||||||||||||||
3,421,311 | CES MU2 LLC | 1.994 | 05/13/27 | 3,498,655 | ||||||||||||||
3,713,940 | Crowley Conro LLC | 4.181 | 08/15/43 | 4,671,571 | ||||||||||||||
1,544,399 | Dragon 2012 LLC | 1.972 | 03/12/24 | 1,571,024 | ||||||||||||||
2,395,833 | DY8 Leasing LLC | 2.565 | 11/26/25 | 2,471,281 | ||||||||||||||
2,604,167 | DY8 Leasing LLC | 2.627 | 04/29/26 | 2,704,382 | ||||||||||||||
3,526,974 | DY9 Leasing LLC | 2.415 | 06/30/27 | 3,612,020 | ||||||||||||||
6,439,925 | Ethiopian Leasing LLC | 2.566 | 08/14/26 | 6,670,538 | ||||||||||||||
472,253 | Excalibur One 77B LLC | 1.492 | 01/01/25 | 474,354 | ||||||||||||||
2,775,799 | Export Lease Ten Co LLC | 1.650 | 05/07/25 | 2,794,596 | ||||||||||||||
2,444,467 | Export Leasing LLC | 1.859 | 08/28/21 | 2,454,330 | ||||||||||||||
4,150,000 | Federal Home Loan Mortgage Corp (FHLMC) | 1.125 | 08/12/21 | 4,191,971 | ||||||||||||||
14,000,000 | FHLMC | 1.500 | 02/12/25 | 14,611,506 |
201 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 2,014,000 | j | Government Trust Certificate | 0.000 | % | 04/01/21 | $ | 1,991,152 | ||||||||||
4,583,333 | Harar Leasing 2013 LLC | 2.582 | 07/02/25 | 4,728,081 | ||||||||||||||
1,694,000 | Hashemite Kingdom of Jordan Government AID International Bond | 2.578 | 06/30/22 | 1,752,794 | ||||||||||||||
7,909,000 | Hashemite Kingdom of Jordan Government AID International Bond | 3.000 | 06/30/25 | 8,642,891 | ||||||||||||||
912,270 | Helios Leasing I LLC | 1.734 | 07/24/24 | 921,775 | ||||||||||||||
2,271,717 | Helios Leasing II LLC | 2.668 | 03/18/25 | 2,346,938 | ||||||||||||||
9,719,354 | HNA LLC | 2.291 | 06/30/27 | 10,064,517 | ||||||||||||||
6,271,124 | HNA LLC | 2.369 | 09/18/27 | 6,514,713 | ||||||||||||||
380,000 | g | Hospital for Special Surgery | 3.500 | 01/01/23 | 392,181 | |||||||||||||
929,000 | i | Housing and Urban Development Corp Ltd | LIBOR 6 M + 0.035% | 0.773 | 09/15/30 | 927,776 | ||||||||||||
7,192,000 | Iraq Government AID International Bond | 2.149 | 01/18/22 | 7,425,111 | ||||||||||||||
1,555,554 | i | Jupiter Aircraft Leasing LLC | LIBOR 3 M + 0.240% | 1.933 | 08/19/23 | 1,551,265 | ||||||||||||
1,944,441 | i | Jupiter Aircraft Leasing LLC | LIBOR 3 M + 0.240% | 1.435 | 09/22/23 | 1,939,856 | ||||||||||||
6,491,346 | Lulwa Ltd | 1.888 | 02/15/25 | 6,576,180 | ||||||||||||||
1,775,475 | Lulwa Ltd | 1.831 | 03/26/25 | 1,795,775 | ||||||||||||||
3,976,211 | Mexican Aircraft Finance IV LLC | 2.537 | 07/13/25 | 4,095,801 | ||||||||||||||
6,331,500 | Mexican Aircraft Finance V LLC | 2.329 | 01/14/27 | 6,548,531 | ||||||||||||||
2,100,000 | Montefiore Medical Center | 2.152 | 10/20/26 | 2,197,819 | ||||||||||||||
12,837,440 | MSN 41079 and 41084 Ltd | 1.717 | 07/13/24 | 12,984,851 | ||||||||||||||
2,116,404 | MSN 41079 and 41084 Ltd | 1.631 | 12/14/24 | 2,130,942 | ||||||||||||||
16,423,000 | NCUA Guaranteed Notes | 3.450 | 06/12/21 | 16,640,232 | ||||||||||||||
2,310,000 | New York Society for the Relief of the Ruptured & Crippled | 2.881 | 12/20/31 | 2,387,664 | ||||||||||||||
3,881,000 | j | Overseas Private Investment Corp (OPIC) | 0.000 | 07/17/21 | 4,154,550 | |||||||||||||
1,569,451 | OPIC | 2.290 | 09/15/26 | 1,628,082 | ||||||||||||||
1,976,355 | OPIC | 2.040 | 12/15/26 | 2,032,925 | ||||||||||||||
3,343,750 | OPIC | 2.740 | 09/15/29 | 3,615,381 | ||||||||||||||
4,913,266 | OPIC | 3.220 | 09/15/29 | 5,434,703 | ||||||||||||||
909,864 | OPIC | 3.280 | 09/15/29 | 1,009,217 | ||||||||||||||
6,000,000 | OPIC | 1.790 | 10/15/29 | 6,265,808 | ||||||||||||||
15,000,000 | OPIC | 2.360 | 10/15/29 | 15,955,619 | ||||||||||||||
1,094,400 | OPIC | 4.140 | 05/15/30 | 1,274,610 | ||||||||||||||
150,737 | OPIC | 3.540 | 06/15/30 | 169,731 | ||||||||||||||
160,448 | OPIC | 3.370 | 12/15/30 | 179,238 | ||||||||||||||
9,598,214 | OPIC | 3.520 | 09/20/32 | 10,973,954 | ||||||||||||||
403,348 | OPIC | 3.820 | 12/20/32 | 470,319 | ||||||||||||||
201,674 | OPIC | 3.938 | 12/20/32 | 236,772 | ||||||||||||||
921,039 | OPIC | 3.330 | 05/15/33 | 1,030,194 | ||||||||||||||
879,474 | OPIC | 3.160 | 06/01/33 | 993,725 | ||||||||||||||
1,062,239 | OPIC | 2.810 | 07/31/33 | 1,164,785 | ||||||||||||||
849,791 | OPIC | 2.940 | 07/31/33 | 939,612 | ||||||||||||||
1,234,064 | OPIC | 3.250 | 07/31/33 | 1,391,427 | ||||||||||||||
6,425,760 | OPIC | 2.040 | 06/15/35 | 6,734,069 | ||||||||||||||
1,265,680 | OPIC | 2.220 | 06/15/35 | 1,344,202 | ||||||||||||||
973,600 | OPIC | 3.050 | 06/15/35 | 1,096,459 | ||||||||||||||
3,651,000 | OPIC | 3.480 | 06/15/35 | 4,232,459 | ||||||||||||||
5,062,720 | OPIC | 3.590 | 06/15/35 | 5,907,385 | ||||||||||||||
10,000,000 | OPIC | 2.290 | 07/15/38 | 10,808,105 | ||||||||||||||
5,500,000 | OPIC | 2.450 | 07/15/38 | 6,013,866 | ||||||||||||||
6,000,000 | OPIC | 2.580 | 07/15/38 | 6,634,541 | ||||||||||||||
7,550,000 | OPIC | 3.190 | 07/15/38 | 8,794,391 | ||||||||||||||
3,426,189 | Penta Aircraft Leasing LLC | 1.691 | 04/29/25 | 3,453,431 | ||||||||||||||
1,119,283 | Phoenix LLC | 1.607 | 07/03/24 | 1,127,438 |
202 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 2,727,269 | i | Pluto Aircraft Leasing LLC | LIBOR 3 M + 0.210% | 1.952 | % | 02/07/23 | $ | 2,719,746 | |||||||||
1,618,202 | Portmarnock Leasing LLC | 1.741 | 10/22/24 | 1,634,142 | ||||||||||||||
8,144,000 | g | Private Export Funding Corp (PEFCO) | 3.266 | 11/08/21 | 8,406,939 | |||||||||||||
1,000,000 | PEFCO | 3.550 | 01/15/24 | 1,111,481 | ||||||||||||||
6,040,000 | PEFCO | 1.750 | 11/15/24 | 6,294,895 | ||||||||||||||
1,000,000 | PEFCO | 3.250 | 06/15/25 | 1,136,554 | ||||||||||||||
3,981,507 | Rimon LLC | 2.623 | 06/25/26 | 4,142,372 | ||||||||||||||
4,070,386 | Safina Ltd | 1.550 | 01/15/22 | 4,079,688 | ||||||||||||||
2,754,411 | Safina Ltd | 2.000 | 12/30/23 | 2,758,588 | ||||||||||||||
1,536,610 | San Clemente Leasing LLC | 3.030 | 11/22/22 | 1,571,792 | ||||||||||||||
3,374,695 | Sandalwood LLC | 2.836 | 07/10/25 | 3,508,646 | ||||||||||||||
4,932,246 | Sandalwood LLC | 2.897 | 07/10/25 | 5,128,021 | ||||||||||||||
3,581,650 | Sandalwood LLC | 2.821 | 02/12/26 | 3,716,908 | ||||||||||||||
6,139,205 | Santa Rosa Leasing LLC | 1.472 | 11/03/24 | 6,168,900 | ||||||||||||||
2,505,727 | Tagua Leasing LLC | 1.900 | 07/12/24 | 2,546,058 | ||||||||||||||
2,998,746 | Tagua Leasing LLC | 1.732 | 09/18/24 | 3,029,584 | ||||||||||||||
3,326,885 | Tagua Leasing LLC | 1.581 | 11/16/24 | 3,350,771 | ||||||||||||||
755,000 | Tunisia Government AID International Bonds | 1.416 | 08/05/21 | 756,564 | ||||||||||||||
3,270,666 | Ulani MSN 35939 LLC | 2.553 | 07/26/25 | 3,369,985 | ||||||||||||||
2,450,000 | Ulani MSN 35940 LLC | 2.227 | 05/16/25 | 2,503,058 | ||||||||||||||
3,349,783 | Ulani MSN 37894 LLC | 2.184 | 12/20/24 | 3,417,780 | ||||||||||||||
3,469,421 | Union 11 Leasing LLC | 2.405 | 01/23/24 | 3,549,694 | ||||||||||||||
1,528,778 | Union 12 Leasing LLC | 2.164 | 02/17/24 | 1,555,383 | ||||||||||||||
2,410,302 | Union 16 Leasing LLC | 1.863 | 01/22/25 | 2,440,491 | ||||||||||||||
185,000 | UNM Sandoval Regional Medical Center | 4.500 | 07/20/36 | 188,199 | ||||||||||||||
3,663,000 | US Department of Housing and Urban Development (HUD) | 1.980 | 08/01/20 | 3,684,942 | ||||||||||||||
410,000 | HUD | 2.450 | 08/01/20 | 413,147 | ||||||||||||||
150,000 | HUD | 3.430 | 08/01/20 | 151,730 | ||||||||||||||
2,000,000 | HUD | 2.570 | 08/01/21 | 2,055,649 | ||||||||||||||
1,361,000 | HUD | 2.450 | 08/01/22 | 1,425,695 | ||||||||||||||
2,500,000 | HUD | 2.618 | 08/01/23 | 2,682,104 | ||||||||||||||
2,000,000 | HUD | 2.800 | 08/01/23 | 2,152,767 | ||||||||||||||
500,000 | HUD | 2.910 | 08/01/23 | 515,801 | ||||||||||||||
3,000,000 | HUD | 2.960 | 08/01/24 | 3,093,984 | ||||||||||||||
2,476,000 | HUD | 2.870 | 08/01/27 | 2,818,974 | ||||||||||||||
455,000 | HUD | 5.380 | 08/01/27 | 461,942 | ||||||||||||||
4,675,000 | HUD | 2.985 | 08/01/28 | 5,413,986 | ||||||||||||||
1,931,000 | HUD | 3.185 | 08/01/29 | 2,230,292 | ||||||||||||||
1,599,978 | VCA Lease LLC | 1.859 | 03/08/25 | 1,619,569 | ||||||||||||||
5,762,124 | VCH Lease S.A. | 1.736 | 05/15/25 | 5,813,558 | ||||||||||||||
4,247,230 | VCK Lease S.A. | 2.591 | 07/24/26 | 4,419,792 | ||||||||||||||
1,250,000 | VCM Lease S.A. | 2.516 | 09/28/27 | 1,289,944 | ||||||||||||||
785,000 | Vessel Management Services, Inc | 3.432 | 08/15/36 | 911,349 | ||||||||||||||
277,000 | Vessel Management Services, Inc | 3.477 | 01/16/37 | 322,681 | ||||||||||||||
3,623,015 | i | Washington Aircraft 2 Co Ltd | LIBOR 3 M + 0.430% | 1.662 | 06/26/24 | 3,568,802 | ||||||||||||
2,252,371 | Windermere Aviation LLC | 2.351 | 05/27/26 | 2,325,333 | ||||||||||||||
3,332,424 | Zarapito Leasing LLC | 2.628 | 11/12/26 | 3,478,017 | ||||||||||||||
TOTAL AGENCY SECURITIES | 419,267,767 | |||||||||||||||||
FOREIGN GOVERNMENT BONDS - 7.3% | ||||||||||||||||||
1,740,000 | African Development Bank | 2.375 | 09/23/21 | 1,785,211 | ||||||||||||||
4,000,000 | African Development Bank | 3.000 | 12/06/21 | 4,154,203 | ||||||||||||||
12,750,000 | h | African Development Bank | 0.750 | 04/03/23 | 12,749,228 |
203 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,000,000 | Asian Development Bank | 1.875 | % | 08/10/22 | $ | 1,031,900 | |||||||||||
1,000,000 | Asian Development Bank | 2.125 | 03/19/25 | 1,065,668 | ||||||||||||||
8,500,000 | Asian Development Bank | 1.750 | 08/14/26 | 8,972,874 | ||||||||||||||
11,000,000 | Asian Development Bank | 3.125 | 09/26/28 | 12,884,627 | ||||||||||||||
6,000,000 | g | Bank Nederlandse Gemeenten NV | 2.125 | 12/14/20 | 6,057,176 | |||||||||||||
105,570 | g | Carpintero Finance Ltd | 2.004 | 09/18/24 | 107,290 | |||||||||||||
EUR | 4,000,000 | Chile Government International Bond | 0.830 | 07/02/31 | 3,949,204 | |||||||||||||
$ | 9,500,000 | Chile Government International Bond | 3.500 | 01/25/50 | 9,832,500 | |||||||||||||
5,000,000 | g | CPPIB Capital, Inc | 2.750 | 11/02/27 | 5,602,683 | |||||||||||||
10,498,000 | European Bank for Reconstruction & Development | 1.875 | 07/15/21 | 10,650,326 | ||||||||||||||
200,000 | i | European Bank for Reconstruction & Development | LIBOR 3 M + 0.010% | 1.741 | 05/11/22 | 199,854 | ||||||||||||
15,000,000 | European Bank for Reconstruction & Development | 1.625 | 09/27/24 | 15,666,053 | ||||||||||||||
1,000,000 | European Bank for Reconstruction & Development | 1.500 | 02/13/25 | 1,040,372 | ||||||||||||||
2,225,000 | European Investment Bank | 2.000 | 03/15/21 | 2,255,329 | ||||||||||||||
1,250,000 | European Investment Bank | 2.375 | 05/24/27 | 1,378,303 | ||||||||||||||
6,462,500 | European Investment Bank | 1.625 | 10/09/29 | 6,746,526 | ||||||||||||||
2,000,000 | g | European Stability Mechanism | 2.125 | 11/03/22 | 2,077,901 | |||||||||||||
9,300,000 | g | European Stability Mechanism | 1.375 | 09/11/24 | 9,565,785 | |||||||||||||
1,955,000 | i | Inter-American Development Bank | LIBOR 1 M + 0.000% | 1.005 | 10/09/20 | 1,953,632 | ||||||||||||
5,000,000 | i | Inter-American Development Bank | LIBOR 3 M + 0.010% | 1.841 | 01/15/22 | 4,998,655 | ||||||||||||
4,750,000 | International Bank for Reconstruction & Development | 3.125 | 11/20/25 | 5,364,019 | ||||||||||||||
2,900,000 | International Bank for Reconstruction & Development | 2.750 | 05/31/36 | 2,927,269 | ||||||||||||||
10,450,000 | g | International Development Association | 2.750 | 04/24/23 | 11,177,501 | |||||||||||||
6,500,000 | International Finance Corp | 1.546 | 11/04/21 | 6,576,247 | ||||||||||||||
110,000 | i | International Finance Corp | LIBOR 3 M + 0.070% | 0.811 | 12/15/22 | 109,524 | ||||||||||||
7,375,000 | International Finance Corp | 0.500 | 03/20/23 | 7,342,098 | ||||||||||||||
3,250,000 | International Finance Corp | 2.125 | 04/07/26 | 3,485,948 | ||||||||||||||
5,000,000 | i | Japan Bank for International Cooperation | LIBOR 3 M + 0.480% | 2.060 | 06/01/20 | 4,997,500 | ||||||||||||
2,500,000 | Japan Bank for International Cooperation | 1.875 | 04/20/21 | 2,526,897 | ||||||||||||||
3,000,000 | g | Japan Finance Organization for Municipalities | 2.125 | 04/13/21 | 3,041,013 | |||||||||||||
3,350,000 | g | Japan Finance Organization for Municipalities | 3.375 | 09/27/23 | 3,633,276 | |||||||||||||
10,750,000 | g | Kommunalbanken AS. | 1.375 | 10/26/20 | 10,784,956 | |||||||||||||
6,000,000 | g | Kommunalbanken AS. | 2.125 | 02/11/25 | 6,389,454 | |||||||||||||
5,500,000 | i | Korea Development Bank International Bond | LIBOR 3 M + 0.725% | 2.625 | 07/06/22 | 5,467,659 | ||||||||||||
11,250,000 | Kreditanstalt fuer Wiederaufbau | 2.000 | 11/30/21 | 11,528,679 | ||||||||||||||
11,250,000 | Kreditanstalt fuer Wiederaufbau | 1.750 | 09/14/29 | 11,975,344 | ||||||||||||||
2,875,000 | g | Nacional Financiera SNC | 3.375 | 11/05/20 | 2,797,145 | |||||||||||||
1,000,000 | g | Nederlandse Waterschapsbank NV | 2.125 | 11/15/21 | 1,023,909 | |||||||||||||
6,750,000 | g | Nederlandse Waterschapsbank NV | 3.125 | 12/05/22 | 7,189,922 | |||||||||||||
10,000,000 | g | Nederlandse Waterschapsbank NV | 1.750 | 01/15/25 | 10,472,981 | |||||||||||||
7,750,000 | g | Nederlandse Waterschapsbank NV | 2.375 | 03/24/26 | 8,449,602 | |||||||||||||
12,500,000 | North American Development Bank | 2.400 | 10/26/22 | 12,687,260 | ||||||||||||||
13,000,000 | g | OMERS Finance Trust | 2.500 | 05/02/24 | 13,902,563 | |||||||||||||
12,500,000 | g | Ontario Teachers' Finance Trust | 1.625 | 09/12/24 | 12,885,375 | |||||||||||||
6,000,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.750 | 03/01/23 | 5,975,760 | |||||||||||||
6,600,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 6,648,114 |
204 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 500,000 | Province of Manitoba Canada | 3.050 | % | 05/14/24 | $ | 544,804 | |||||||||||
10,750,000 | Province of Ontario Canada | 1.750 | 01/24/23 | 11,018,878 | ||||||||||||||
12,500,000 | Province of Ontario Canada | 3.050 | 01/29/24 | 13,639,910 | ||||||||||||||
5,000,000 | Province of Quebec Canada | 2.750 | 04/12/27 | 5,545,729 | ||||||||||||||
10,000,000 | Republic of Italy Government International Bond | 2.875 | 10/17/29 | 9,507,447 | ||||||||||||||
10,750,000 | Republic of Italy Government International Bond | 4.000 | 10/17/49 | 10,062,090 | ||||||||||||||
4,250,000 | Seychelles International Bond | 6.500 | 10/11/28 | 4,950,230 | ||||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 359,354,403 | |||||||||||||||||
MORTGAGE BACKED - 8.0% | ||||||||||||||||||
875,000 | Federal Home Loan Mortgage Corp (FHLMC) | 3.000 | 10/15/33 | 975,656 | ||||||||||||||
1,216,915 | FHLMC | 3.500 | 08/15/43 | 1,295,585 | ||||||||||||||
3,529 | FHLMC | 3.000 | 03/15/44 | 3,730 | ||||||||||||||
1,331,138 | i | FHLMC | 5.215 | 03/15/44 | 259,761 | |||||||||||||
10,997,894 | FHLMC | 4.000 | 10/01/47 | 11,969,693 | ||||||||||||||
1,875,965 | i | FHLMC | 8.793 | 06/15/48 | 2,246,254 | |||||||||||||
1,856,478 | i | FHLMC | 8.713 | 10/15/48 | 2,340,194 | |||||||||||||
185,662 | Federal Home Loan Mortgage Corp Gold (FGLMC) | 5.000 | 06/01/36 | 206,612 | ||||||||||||||
182,730 | FGLMC | 4.500 | 12/01/43 | 203,091 | ||||||||||||||
195,756 | FGLMC | 4.500 | 02/01/44 | 217,559 | ||||||||||||||
1,573,509 | FGLMC | 5.000 | 08/01/44 | 1,750,094 | ||||||||||||||
251,893 | FGLMC | 3.500 | 04/01/45 | 270,658 | ||||||||||||||
5,886,715 | FGLMC | 3.500 | 08/01/45 | 6,338,188 | ||||||||||||||
1,867,292 | FGLMC | 3.500 | 10/01/45 | 2,003,530 | ||||||||||||||
2,031,383 | FGLMC | 4.000 | 12/01/45 | 2,215,801 | ||||||||||||||
3,363,648 | FGLMC | 3.500 | 08/01/46 | 3,609,098 | ||||||||||||||
10,980,900 | FGLMC | 3.000 | 01/01/47 | 11,589,213 | ||||||||||||||
7,311,442 | FGLMC | 3.000 | 02/01/47 | 7,711,875 | ||||||||||||||
6,100,767 | FGLMC | 3.500 | 02/01/47 | 6,473,845 | ||||||||||||||
365,211 | FGLMC | 4.500 | 06/01/47 | 405,637 | ||||||||||||||
659,499 | FGLMC | 4.000 | 09/01/47 | 723,788 | ||||||||||||||
152,526 | FGLMC | 3.500 | 12/01/47 | 163,646 | ||||||||||||||
19,067,776 | FGLMC | 3.500 | 03/01/48 | 20,455,956 | ||||||||||||||
2,345,046 | FGLMC | 4.000 | 03/01/48 | 2,551,994 | ||||||||||||||
942,784 | FGLMC | 4.000 | 07/01/48 | 1,025,989 | ||||||||||||||
3,801,127 | FGLMC | 4.500 | 08/01/48 | 4,164,069 | ||||||||||||||
3,750,000 | Federal National Mortgage Association (FNMA) | 2.125 | 04/24/26 | 4,037,621 | ||||||||||||||
191,711 | FNMA | 3.500 | 07/01/26 | 201,900 | ||||||||||||||
5,750,000 | i | FNMA | 2.801 | 02/25/27 | 6,243,741 | |||||||||||||
10,000,000 | i | FNMA | 3.325 | 06/25/28 | 11,483,467 | |||||||||||||
658,242 | FNMA | 3.500 | 05/01/32 | 695,096 | ||||||||||||||
188,215 | FNMA | 5.500 | 11/01/38 | 213,466 | ||||||||||||||
767,210 | FNMA | 5.000 | 09/01/40 | 850,478 | ||||||||||||||
705,156 | FNMA | 5.000 | 04/01/41 | 790,608 | ||||||||||||||
3,113,954 | FNMA | 4.000 | 09/01/42 | 3,415,881 | ||||||||||||||
910,155 | FNMA | 3.000 | 04/25/43 | 967,005 | ||||||||||||||
1,485,511 | i | FNMA | 5.003 | 09/25/43 | 311,811 | |||||||||||||
1,416,638 | FNMA | 4.000 | 01/01/44 | 1,542,012 | ||||||||||||||
95,350 | FNMA | 4.500 | 06/01/44 | 105,995 |
205 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 491,597 | FNMA | 4.500 | % | 06/01/44 | $ | 546,389 | |||||||||||
229,954 | FNMA | 4.500 | 08/01/44 | 255,497 | ||||||||||||||
469,739 | FNMA | 4.500 | 11/01/44 | 521,546 | ||||||||||||||
1,177,879 | FNMA | 4.000 | 01/01/45 | 1,293,007 | ||||||||||||||
374,310 | FNMA | 3.000 | 02/25/45 | 394,151 | ||||||||||||||
961,796 | FNMA | 3.000 | 02/25/45 | 1,009,598 | ||||||||||||||
525,012 | FNMA | 4.500 | 03/01/45 | 583,453 | ||||||||||||||
723,128 | FNMA | 3.000 | 03/25/45 | 767,892 | ||||||||||||||
37,833 | FNMA | 3.500 | 04/25/45 | 40,380 | ||||||||||||||
1,893,581 | FNMA | 4.000 | 06/01/45 | 2,048,233 | ||||||||||||||
1,985,479 | FNMA | 4.000 | 12/01/45 | 2,159,852 | ||||||||||||||
3,906,812 | FNMA | 3.000 | 12/25/45 | 4,171,169 | ||||||||||||||
1,272,965 | FNMA | 3.500 | 01/01/46 | 1,365,493 | ||||||||||||||
277,408 | FNMA | 4.000 | 01/01/46 | 301,969 | ||||||||||||||
362,068 | FNMA | 4.000 | 03/01/46 | 391,480 | ||||||||||||||
2,000,588 | FNMA | 3.500 | 06/01/46 | 2,146,010 | ||||||||||||||
3,285,886 | FNMA | 3.500 | 07/01/46 | 3,527,276 | ||||||||||||||
2,471,750 | FNMA | 3.500 | 07/01/46 | 2,651,419 | ||||||||||||||
13,153,877 | FNMA | 3.000 | 10/01/46 | 13,656,238 | ||||||||||||||
17,483,156 | FNMA | 3.000 | 11/01/46 | 18,445,231 | ||||||||||||||
2,192,700 | FNMA | 3.500 | 12/01/46 | 2,327,561 | ||||||||||||||
10,027,349 | h | FNMA | 3.500 | 01/01/47 | 10,628,822 | |||||||||||||
3,583,781 | FNMA | 3.000 | 04/01/47 | 3,762,651 | ||||||||||||||
830,852 | FNMA | 3.000 | 04/25/47 | 885,448 | ||||||||||||||
319,774 | FNMA | 4.500 | 05/01/47 | 349,912 | ||||||||||||||
9,163,857 | FNMA | 3.500 | 08/01/47 | 9,758,973 | ||||||||||||||
1,077,790 | FNMA | 3.000 | 11/01/47 | 1,118,604 | ||||||||||||||
8,023,292 | FNMA | 3.500 | 11/01/47 | 8,636,993 | ||||||||||||||
10,633,011 | FNMA | 4.000 | 12/01/47 | 11,572,624 | ||||||||||||||
173,273 | h | FNMA | 3.500 | 01/01/48 | 186,548 | |||||||||||||
82,117 | FNMA | 3.500 | 01/01/48 | 88,374 | ||||||||||||||
2,148,971 | FNMA | 4.500 | 01/01/48 | 2,354,222 | ||||||||||||||
544,376 | FNMA | 4.500 | 02/01/48 | 596,126 | ||||||||||||||
4,164,919 | FNMA | 3.000 | 02/25/48 | 4,406,623 | ||||||||||||||
1,279,665 | FNMA | 4.000 | 03/01/48 | 1,392,098 | ||||||||||||||
2,376,357 | FNMA | 4.500 | 03/01/48 | 2,602,256 | ||||||||||||||
2,048,148 | FNMA | 3.500 | 04/01/48 | 2,163,486 | ||||||||||||||
28,979,978 | h | FNMA | 4.000 | 04/01/48 | 31,068,881 | |||||||||||||
1,499,826 | FNMA | 4.500 | 05/01/48 | 1,642,407 | ||||||||||||||
1,161,038 | FNMA | 4.500 | 05/01/48 | 1,271,414 | ||||||||||||||
191,872 | FNMA | 5.000 | 06/01/48 | 207,347 | ||||||||||||||
26,440,703 | FNMA | 4.500 | 07/01/48 | 28,477,875 | ||||||||||||||
8,849,461 | FNMA | 4.000 | 08/01/48 | 9,446,087 | ||||||||||||||
579,320 | FNMA | 5.000 | 08/01/48 | 642,119 | ||||||||||||||
1,075,364 | FNMA | 4.000 | 09/01/48 | 1,146,444 | ||||||||||||||
8,517 | FNMA | 3.000 | 11/01/48 | 8,923 | ||||||||||||||
2,217,721 | FNMA | 3.000 | 11/25/48 | 227,189 | ||||||||||||||
682,905 | FNMA | 4.500 | 12/01/48 | 734,342 | ||||||||||||||
1,000,000 | h | FNMA | 3.000 | 04/25/49 | 1,048,633 | |||||||||||||
6,000,000 | h | FNMA | 3.500 | 04/25/49 | 6,347,109 | |||||||||||||
875,495 | FNMA | 3.000 | 08/01/49 | 927,238 | ||||||||||||||
1,188 | FNMA | 4.000 | 10/01/49 | 1,268 | ||||||||||||||
36,313,945 | FNMA | 3.000 | 12/01/49 | 38,062,268 | ||||||||||||||
301 | FNMA | 3.500 | 12/01/49 | 318 | ||||||||||||||
124 | FNMA | 4.000 | 12/01/49 | 132 |
206 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 145,000 | FNMA | 2.500 | % | 04/01/50 | $ | 150,273 | |||||||||||
712,670 | Government National Mortgage Association (GNMA) | 2.690 | 06/15/33 | 735,549 | ||||||||||||||
58,095 | GNMA | 5.000 | 06/20/42 | 64,325 | ||||||||||||||
12,442,882 | GNMA | 2.750 | 01/15/45 | 12,932,361 | ||||||||||||||
1,655,284 | † | GNMA | 4.000 | 06/20/46 | 197,081 | |||||||||||||
1,942,798 | GNMA | 3.000 | 12/20/47 | 2,071,626 | ||||||||||||||
7,427,691 | GNMA | 3.500 | 12/20/47 | 7,844,111 | ||||||||||||||
5,811,433 | GNMA | 3.500 | 01/20/48 | 6,164,282 | ||||||||||||||
2,556,224 | GNMA | 3.500 | 01/20/49 | 2,789,868 | ||||||||||||||
TOTAL MORTGAGE BACKED | 395,347,671 | |||||||||||||||||
MUNICIPAL BONDS - 10.0% | ||||||||||||||||||
3,750,000 | Antelope Valley-East Kern Water Agency Financing Authority | 4.326 | 06/01/36 | 4,036,950 | ||||||||||||||
4,800,000 | Bay Area Water Supply & Conservation Agency | 3.994 | 10/01/34 | 5,608,512 | ||||||||||||||
2,000,000 | Brunswick & Glynn County Development Authority | 3.060 | 04/01/25 | 2,042,560 | ||||||||||||||
8,250,000 | California Health Facilities Financing Authority | 1.896 | 06/01/21 | 8,246,040 | ||||||||||||||
2,000,000 | California Housing Finance Agency | 2.966 | 08/01/22 | 2,058,960 | ||||||||||||||
1,935,000 | g | California Municipal Finance Authority | 4.250 | 11/01/23 | 1,909,110 | |||||||||||||
500,000 | Chelan County Public Utility District No | 3.603 | 07/01/21 | 513,550 | ||||||||||||||
5,000,000 | Chicago Board of Education | 5.000 | 12/01/20 | 5,038,700 | ||||||||||||||
10,000,000 | Chicago Housing Authority | 4.361 | 01/01/38 | 11,552,400 | ||||||||||||||
16,465,000 | Chicago Metropolitan Water Reclamation District-Greater Chicago | 5.720 | 12/01/38 | 22,211,944 | ||||||||||||||
1,000,000 | Chicago Park District | 4.095 | 01/01/26 | 1,106,610 | ||||||||||||||
625,000 | Chula Vista Municipal Financing Authority | 3.775 | 12/01/33 | 672,762 | ||||||||||||||
1,350,000 | Chula Vista Municipal Financing Authority | 3.975 | 12/01/38 | 1,435,428 | ||||||||||||||
740,000 | Chula Vista Municipal Financing Authority | 4.075 | 12/01/41 | 785,961 | ||||||||||||||
4,300,000 | Chula Vista Municipal Financing Authority | 4.275 | 12/01/48 | 4,560,236 | ||||||||||||||
3,500,000 | City & County Honolulu HI Wastewater System Revenue | 3.200 | 07/01/26 | 3,800,930 | ||||||||||||||
1,580,000 | City & County of Honolulu HI | 1.506 | 10/01/20 | 1,581,390 | ||||||||||||||
1,770,000 | City & County of Honolulu HI | 2.141 | 10/01/23 | 1,809,967 | ||||||||||||||
1,000,000 | City & County of Honolulu HI | 2.368 | 10/01/24 | 1,033,450 | ||||||||||||||
5,730,000 | City & County of Honolulu HI | 3.944 | 09/01/34 | 6,160,323 | ||||||||||||||
935,000 | City & County of San Francisco CA | 3.700 | 04/01/34 | 977,486 | ||||||||||||||
440,000 | City & County of San Francisco CA | 3.750 | 04/01/35 | 458,462 | ||||||||||||||
5,835,000 | City & County of San Francisco CA | 3.900 | 04/01/42 | 6,012,676 | ||||||||||||||
5,405,000 | City & County of San Francisco CA Community Facilities District | 3.750 | 09/01/37 | 5,735,300 | ||||||||||||||
4,610,000 | City & County of San Francisco CA Community Facilities District | 4.221 | 09/01/39 | 4,963,357 | ||||||||||||||
5,000,000 | City & County of San Francisco CA Community Facilities District | 4.000 | 09/01/48 | 5,237,500 | ||||||||||||||
9,850,000 | City of Austin TX Electric Utility Revenue | 2.677 | 11/15/25 | 10,211,495 | ||||||||||||||
2,490,000 | City of Chicago IL | 7.750 | 01/01/42 | 3,213,992 | ||||||||||||||
510,000 | City of Chicago IL | 7.750 | 01/01/42 | 580,349 | ||||||||||||||
2,000,000 | City of Cincinnati OH Water System Revenue | 2.568 | 12/01/21 | 2,038,600 | ||||||||||||||
300,000 | City of Conway AR Wasterwater Department | 2.122 | 10/01/21 | 304,458 |
207 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 5,340,000 | City of Conway AR Wasterwater Department | 3.168 | % | 10/01/37 | $ | 5,358,904 | |||||||||||
2,750,000 | City of Florence SC | 4.250 | 12/01/34 | 2,971,952 | ||||||||||||||
250,000 | City of Houston TX Combined Utility System Revenue | 2.563 | 05/15/20 | 250,367 | ||||||||||||||
1,800,000 | City of Kaukauna WI Electric System Revenue | 2.750 | 12/15/32 | 1,846,026 | ||||||||||||||
1,725,000 | City of Kaukauna WI Electric System Revenue | 2.800 | 12/15/33 | 1,768,711 | ||||||||||||||
1,800,000 | City of Kaukauna WI Electric System Revenue | 2.850 | 12/15/34 | 1,845,162 | ||||||||||||||
1,945,000 | City of Kaukauna WI Electric System Revenue | 2.900 | 12/15/35 | 1,968,748 | ||||||||||||||
5,000,000 | City of Los Angeles CA | 3.320 | 09/01/24 | 5,314,400 | ||||||||||||||
4,000,000 | City of Los Angeles CA | 3.500 | 09/01/37 | 4,175,240 | ||||||||||||||
9,060,000 | City of Los Angeles CA | 3.880 | 09/01/38 | 9,673,724 | ||||||||||||||
870,000 | g | City of Miami FL | 4.808 | 01/01/39 | 975,070 | |||||||||||||
170,000 | City of Mount Shasta CA | 4.000 | 08/01/29 | 204,653 | ||||||||||||||
190,000 | City of Mount Shasta CA | 3.000 | 08/01/32 | 204,337 | ||||||||||||||
100,000 | City of Mount Shasta CA | 3.000 | 08/01/33 | 107,239 | ||||||||||||||
200,000 | City of Mount Shasta CA | 3.000 | 08/01/34 | 213,718 | ||||||||||||||
5,000,000 | City of New York NY | 3.250 | 12/01/23 | 5,293,950 | ||||||||||||||
3,825,000 | City of Norfolk VA | 3.000 | 10/01/35 | 3,624,379 | ||||||||||||||
2,685,000 | City of Oakland CA | 1.830 | 01/15/27 | 2,657,640 | ||||||||||||||
4,745,000 | City of Oakland CA | 1.970 | 01/15/28 | 4,720,421 | ||||||||||||||
250,000 | City of San Angelo TX Water & Sewer Revenue | 4.261 | 02/15/37 | 259,278 | ||||||||||||||
2,000,000 | City of San Angelo TX Water & Sewer Revenue | 4.401 | 02/15/46 | 2,066,260 | ||||||||||||||
4,205,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 2.400 | 11/01/22 | 4,227,791 | ||||||||||||||
12,615,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 3.303 | 11/01/39 | 11,788,718 | ||||||||||||||
5,750,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 4.185 | 11/01/46 | 5,918,878 | ||||||||||||||
1,140,000 | City of San Juan Capistrano CA | 4.090 | 08/01/36 | 1,229,285 | ||||||||||||||
1,385,000 | City of San Juan Capistrano CA | 4.190 | 08/01/40 | 1,490,122 | ||||||||||||||
360,000 | Clean Water Services | 5.701 | 10/01/30 | 449,208 | ||||||||||||||
345,000 | Commonwealth Financing Authority | 2.428 | 06/01/20 | 345,904 | ||||||||||||||
355,000 | Commonwealth Financing Authority | 2.675 | 06/01/21 | 360,176 | ||||||||||||||
2,730,000 | Commonwealth Financing Authority | 3.864 | 06/01/38 | 3,013,401 | ||||||||||||||
12,450,000 | i | Connecticut Housing Finance Authority | SOFR + 0.650% | 0.660 | 05/15/49 | 12,308,319 | ||||||||||||
5,000,000 | County of Alameda CA | 3.820 | 08/01/38 | 5,258,650 | ||||||||||||||
1,500,000 | County of Miami-Dade FL Aviation Revenue | 2.218 | 10/01/22 | 1,490,595 | ||||||||||||||
12,020,000 | County of Miami-Dade FL Water & Sewer System Revenue | 3.490 | 10/01/42 | 12,170,851 | ||||||||||||||
2,730,000 | County of Saline AR | 4.000 | 06/01/37 | 2,847,800 | ||||||||||||||
1,900,000 | District of Columbia Water & Sewer Authority | 4.814 | 10/01/14 | 2,460,310 | ||||||||||||||
2,940,000 | Erie Sewer Authority | 4.663 | 12/01/32 | 3,382,323 | ||||||||||||||
1,125,000 | Erie Sewer Authority | 4.713 | 12/01/33 | 1,274,186 | ||||||||||||||
3,315,000 | Erie Sewer Authority | 4.743 | 12/01/34 | 3,755,994 | ||||||||||||||
1,550,000 | g | Finance Authority of Maine | 5.375 | 12/15/33 | 1,313,702 |
208 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 500,000 | Finance Authority of Maine | 5.250 | % | 06/15/34 | $ | 415,285 | |||||||||||
2,100,000 | Grant County Public Utility District No 2 | 1.544 | 01/01/23 | 2,114,931 | ||||||||||||||
290,000 | Grant County Public Utility District No 2 | 2.378 | 01/01/28 | 299,309 | ||||||||||||||
20,000,000 | Grant County Public Utility District No 2 | 2.918 | 01/01/40 | 19,643,400 | ||||||||||||||
9,405,000 | Grant County Public Utility District No 2 | 3.210 | 01/01/40 | 9,531,027 | ||||||||||||||
310,000 | Honolulu City & County Board of Water Supply | 1.933 | 07/01/26 | 318,885 | ||||||||||||||
1,790,000 | Honolulu City & County Board of Water Supply | 3.760 | 07/01/30 | 1,934,632 | ||||||||||||||
600,000 | Honolulu City & County Board of Water Supply | 2.227 | 07/01/31 | 613,812 | ||||||||||||||
1,180,000 | Idaho State Building Authority | 3.202 | 09/01/37 | 1,221,949 | ||||||||||||||
3,105,000 | Jackson County Industrial Development Authority | 4.250 | 05/01/39 | 3,345,700 | ||||||||||||||
2,000,000 | Kern County Water Agency Improvement District No 4 | 4.276 | 05/01/36 | 2,268,100 | ||||||||||||||
450,000 | Klickitat County Public Utilities | 3.688 | 12/01/38 | 466,123 | ||||||||||||||
1,000,000 | Lavaca-Navidad River Authority | 4.430 | 08/01/35 | 1,065,890 | ||||||||||||||
3,430,000 | Maryland Community Development Administration Housing Revenue | 3.797 | 03/01/39 | 3,463,477 | ||||||||||||||
3,000,000 | Massachusetts St. Water Pollution Abatement | 5.192 | 08/01/40 | 3,516,810 | ||||||||||||||
6,000,000 | Massachusetts Water Resources Authority | 3.104 | 08/01/39 | 5,982,540 | ||||||||||||||
500,000 | Michigan Finance Authority | 5.000 | 07/01/22 | 531,755 | ||||||||||||||
5,375,000 | Montgomery Water Works & Sanitary Sewer Board | 1.799 | 09/01/23 | 5,469,062 | ||||||||||||||
2,500,000 | Montgomery Water Works & Sanitary Sewer Board | 1.827 | 09/01/24 | 2,551,975 | ||||||||||||||
500,000 | New Jersey Economic Development Authority | 4.271 | 06/15/20 | 502,865 | ||||||||||||||
4,065,000 | New York City Housing Development Corp | 3.119 | 08/01/38 | 4,048,008 | ||||||||||||||
2,500,000 | New York City Housing Development Corp | 3.720 | 11/01/39 | 2,571,850 | ||||||||||||||
945,000 | New York State Energy Research & Development Authority | 4.577 | 04/01/35 | 951,020 | ||||||||||||||
2,115,000 | New York State Environmental Facilities Corp | 3.420 | 07/15/26 | 2,362,392 | ||||||||||||||
7,500,000 | New York Transportation Development Corp | 5.000 | 01/01/26 | 7,525,425 | ||||||||||||||
1,500,000 | g | Ohio Air Quality Development Authority | 4.250 | 01/15/38 | 1,373,340 | |||||||||||||
2,000,000 | g | Ohio Air Quality Development Authority | 4.500 | 01/15/48 | 1,817,120 | |||||||||||||
13,180,000 | Ohio State Water Development Authority | 4.879 | 12/01/34 | 14,731,681 | ||||||||||||||
250,000 | Oklahoma Water Resources Board | 3.071 | 04/01/22 | 259,345 | ||||||||||||||
5,750,000 | g | Oregon State Business Development Commission | 6.500 | 04/01/31 | 3,989,235 | |||||||||||||
2,000,000 | Oregon State Business Development Commission | 11.500 | 04/01/31 | 1,697,020 | ||||||||||||||
5,000,000 | Palm Beach County Solid Waste Authority | 2.436 | 10/01/23 | 5,166,500 | ||||||||||||||
2,665,000 | Papio-Missouri River Natural Resource District | 2.198 | 12/15/25 | 2,695,754 | ||||||||||||||
2,080,000 | Papio-Missouri River Natural Resource District | 2.318 | 12/15/26 | 2,105,355 | ||||||||||||||
3,250,000 | Papio-Missouri River Natural Resource District | 2.482 | 12/15/27 | 3,293,452 | ||||||||||||||
3,290,000 | Papio-Missouri River Natural Resource District | 2.602 | 12/15/28 | 3,336,784 | ||||||||||||||
2,725,000 | Pend Oreille County Public Utility District No Box Canyon | 5.000 | 01/01/30 | 2,869,725 | ||||||||||||||
100,000 | g | Pennsylvania Economic Development Financing Authority | 5.750 | 06/01/36 | 92,085 | |||||||||||||
1,735,000 | g,j | Public Finance Authority | 0.000 | 06/01/29 | 1,704,412 | |||||||||||||
1,000,000 | Rhode Island Housing & Mortgage Finance Corp | 3.300 | 10/01/39 | 984,270 | ||||||||||||||
1,450,000 | Rhode Island Housing & Mortgage Finance Corp | 3.400 | 10/01/44 | 1,433,629 | ||||||||||||||
6,950,000 | Rhode Island Housing & Mortgage Finance Corp | 3.500 | 10/01/51 | 6,959,730 | ||||||||||||||
3,350,000 | Sacramento Area Flood Control Agency | 2.224 | 10/01/20 | 3,368,994 | ||||||||||||||
250,000 | Sacramento Suburban Water District | 3.268 | 11/01/23 | 263,497 | ||||||||||||||
440,000 | San Francisco City & County Redevelopment Agency | 3.113 | 08/01/22 | 452,505 | ||||||||||||||
1,000,000 | San Francisco City & County Redevelopment Agency | 3.533 | 08/01/25 | 1,090,980 | ||||||||||||||
1,000,000 | San Francisco City & County Redevelopment Agency | 4.375 | 08/01/44 | 1,081,710 | ||||||||||||||
250,000 | Sangamon County Water Reclamation District | 2.507 | 01/01/29 | 255,345 | ||||||||||||||
2,500,000 | Sangamon County Water Reclamation District | 2.907 | 01/01/34 | 2,520,875 | ||||||||||||||
2,050,000 | Sangamon County Water Reclamation District | 3.272 | 01/01/37 | 2,066,134 | ||||||||||||||
1,900,000 | Santa Cruz County Capital Financing Authority | 3.375 | 06/01/31 | 2,011,587 | ||||||||||||||
1,465,000 | Santa Cruz County Capital Financing Authority | 3.625 | 06/01/35 | 1,548,300 | ||||||||||||||
3,000,000 | Semitropic Improvement District | 2.499 | 12/01/25 | 2,945,700 | ||||||||||||||
380,000 | g | South Davis Sewer District | 3.750 | 12/01/22 | 382,797 | |||||||||||||
1,000,000 | South Davis Sewer District | 4.125 | 12/01/32 | 1,074,770 | ||||||||||||||
1,100,000 | South Davis Sewer District | 4.500 | 12/01/37 | 1,192,125 |
209 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,000,000 | State of California | 1.800 | % | 04/01/20 | $ | 1,000,000 | |||||||||||
2,780,000 | State of California | 2.250 | 10/01/23 | 2,848,277 | ||||||||||||||
6,530,000 | State of California | 4.600 | 04/01/38 | 7,189,987 | ||||||||||||||
2,480,000 | State of California | 4.988 | 04/01/39 | 2,611,738 | ||||||||||||||
10,750,000 | i | State of California | LIBOR 1 M + 0.780% | 2.295 | 04/01/47 | 10,832,560 | ||||||||||||
1,000,000 | State of Texas | 1.737 | 08/01/22 | 1,012,060 | ||||||||||||||
2,475,000 | State of Texas | 2.749 | 10/01/23 | 2,606,249 | ||||||||||||||
1,000,000 | State of Texas | 3.576 | 08/01/34 | 1,033,920 | ||||||||||||||
1,000,000 | State of Texas | 3.726 | 08/01/43 | 1,030,710 | ||||||||||||||
5,000,000 | Stockton Public Financing Authority | 3.610 | 10/01/40 | 4,835,550 | ||||||||||||||
2,400,000 | g | Syracuse Industrial Development Agency | 5.000 | 01/01/36 | 2,466,840 | |||||||||||||
1,000,000 | Texas Water Development Board | 3.500 | 10/15/37 | 1,053,910 | ||||||||||||||
7,500,000 | Texas Water Development Board | 4.190 | 10/15/43 | 8,184,750 | ||||||||||||||
3,000,000 | Texas Water Development Board | 3.700 | 10/15/47 | 3,130,020 | ||||||||||||||
3,000,000 | Texas Water Development Board | 4.648 | 04/15/50 | 3,236,850 | ||||||||||||||
500,000 | University of California | 2.676 | 05/15/21 | 507,090 | ||||||||||||||
1,230,000 | University of Cincinnati | 3.500 | 06/01/32 | 1,300,516 | ||||||||||||||
2,000,000 | University of New Mexico | 3.532 | 06/20/32 | 2,112,480 | ||||||||||||||
1,500,000 | Upper Santa Clara Valley Joint Powers Authority | 3.750 | 08/01/38 | 1,602,750 | ||||||||||||||
4,400,000 | Upper Santa Clara Valley Joint Powers Authority | 3.875 | 08/01/48 | 4,595,932 | ||||||||||||||
5,000,000 | Vermont Educational & Health Buildings Financing Agency | 4.000 | 12/01/42 | 5,355,650 | ||||||||||||||
750,000 | Vermont Educational & Health Buildings Financing Agency | 4.000 | 12/01/46 | 797,273 | ||||||||||||||
1,000,000 | g | Warm Springs Reservation Confederated Tribe | 3.300 | 11/01/27 | 1,026,300 | |||||||||||||
1,250,000 | g | Warm Springs Reservation Confederated Tribe | 3.550 | 11/01/32 | 1,287,150 | |||||||||||||
655,000 | Washington County Clean Water Services | 4.828 | 10/01/22 | 708,762 | ||||||||||||||
530,000 | Washington County Clean Water Services | 5.078 | 10/01/24 | 607,836 | ||||||||||||||
1,905,000 | g | Washington Economic Development Finance Authority | 7.500 | 01/01/32 | 1,721,663 | |||||||||||||
250,000 | West Virginia Water Development Authority | 5.000 | 11/01/21 | 264,503 | ||||||||||||||
650,000 | Yuba City Public Financing Authority | 3.960 | 06/01/32 | 709,332 | ||||||||||||||
1,500,000 | Yuba City Public Financing Authority | 4.320 | 06/01/42 | 1,622,400 | ||||||||||||||
1,000,000 | Yuba Levee Financing Authority | 3.170 | 09/01/22 | 1,045,880 | ||||||||||||||
TOTAL MUNICIPAL BONDS | 492,305,766 | |||||||||||||||||
U.S. TREASURY SECURITIES - 5.9% | ||||||||||||||||||
2,500,000 | United States Treasury Bond | 3.125 | 05/15/48 | 3,544,727 | ||||||||||||||
2,500,000 | United States Treasury Bond | 3.000 | 02/15/49 | 3,486,230 | ||||||||||||||
85,804,000 | United States Treasury Bond | 2.375 | 11/15/49 | 107,094,117 | ||||||||||||||
20,454,400 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 04/15/24 | 20,753,634 | |||||||||||||
12,566,875 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 10/15/24 | 12,721,027 | |||||||||||||
1,795,000 | United States Treasury Note | 2.500 | 01/31/21 | 1,830,900 | ||||||||||||||
3,600,000 | United States Treasury Note | 2.250 | 04/30/21 | 3,682,406 | ||||||||||||||
4,115,000 | United States Treasury Note | 1.500 | 09/30/21 | 4,194,085 | ||||||||||||||
7,500,000 | United States Treasury Note | 1.500 | 10/31/21 | 7,651,465 | ||||||||||||||
5,000,000 | United States Treasury Note | 1.375 | 01/31/22 | 5,105,078 | ||||||||||||||
7,705,000 | United States Treasury Note | 1.125 | 02/28/22 | 7,832,915 |
210 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 2,420,000 | United States Treasury Note | 0.500 | % | 03/15/23 | $ | 2,435,125 | |||||||||||
1,092,000 | United States Treasury Note | 1.875 | 08/31/24 | 1,164,004 | ||||||||||||||
1,395,000 | United States Treasury Note | 2.250 | 10/31/24 | 1,514,229 | ||||||||||||||
13,000,000 | United States Treasury Note | 1.250 | 02/28/25 | 13,482,930 | ||||||||||||||
11,655,000 | United States Treasury Note | 0.500 | 03/31/25 | 11,728,754 | ||||||||||||||
620,000 | United States Treasury Note | 2.875 | 04/30/25 | 696,846 | ||||||||||||||
17,040,000 | United States Treasury Note | 2.750 | 06/30/25 | 19,096,781 | ||||||||||||||
14,250,000 | United States Treasury Note | 2.750 | 08/31/25 | 16,006,758 | ||||||||||||||
19,876,000 | United States Treasury Note | 0.625 | 03/31/27 | 19,985,473 | ||||||||||||||
24,595,000 | United States Treasury Note | 1.500 | 02/15/30 | 26,514,563 | ||||||||||||||
TOTAL U.S. TREASURY SECURITIES | 290,522,047 | |||||||||||||||||
TOTAL GOVERNMENT BONDS | 1,956,797,654 | |||||||||||||||||
(Cost $1,873,995,873) | ||||||||||||||||||
STRUCTURED ASSETS - 11.1% | ||||||||||||||||||
ASSET BACKED - 3.8% | ||||||||||||||||||
325,000 | g | AMSR Trust | 1.819 | 04/17/37 | 301,340 | |||||||||||||
Series - 2020 SFR1 (Class A) | ||||||||||||||||||
450,000 | g,i | AMSR Trust | 3.148 | 01/19/39 | 369,453 | |||||||||||||
Series - 2019 SFR1 (Class C) | ||||||||||||||||||
400,000 | g,i | AMSR Trust | 3.247 | 01/19/39 | 319,209 | |||||||||||||
Series - 2019 SFR1 (Class D) | ||||||||||||||||||
5,000,000 | g,i | AREIT Trust | 1.725 | 09/14/36 | 4,605,216 | |||||||||||||
Series - 2019 CRE3 (Class A) | ||||||||||||||||||
106,933 | i | Asset Backed Securities Corp Home Equity Loan Trust | 3.386 | 08/25/34 | 100,632 | |||||||||||||
Series - 2004 HE5 (Class M1) | ||||||||||||||||||
350,000 | i | Bayview Financial Mortgage Pass-Through Trust | 1.591 | 02/28/41 | 326,049 | |||||||||||||
Series - 2006 A (Class M3) | ||||||||||||||||||
953,212 | g | Capital Automotive REIT | 3.660 | 10/15/44 | 859,970 | |||||||||||||
Series - 2014 1A (Class A) | ||||||||||||||||||
943,467 | g | Capital Automotive REIT | 3.870 | 04/15/47 | 826,744 | |||||||||||||
Series - 2017 1A (Class A1) | ||||||||||||||||||
247,654 | i | C-BASS Trust | 1.027 | 07/25/36 | 225,112 | |||||||||||||
Series - 2006 CB6 (Class A1) | ||||||||||||||||||
1,447,025 | †,g,i | CBRE Realty Finance | 2.343 | 04/07/52 | 0 | |||||||||||||
Series - 2007 1A (Class A2) | ||||||||||||||||||
1,900,619 | i | Chase Funding Loan Acquisition Trust | 1.802 | 06/25/34 | 1,621,775 | |||||||||||||
Series - 2004 OPT1 (Class M1) | ||||||||||||||||||
90,000 | i | Citigroup Mortgage Loan Trust | 1.697 | 01/25/36 | 86,266 | |||||||||||||
Series - 2006 WFH1 (Class M4) | ||||||||||||||||||
1,060,000 | g | Corevest American Finance Trust | 1.832 | 03/15/50 | 987,496 | |||||||||||||
Series - 2020 1 (Class A1) | ||||||||||||||||||
977,500 | g | DB Master Finance LLC | 3.629 | 11/20/47 | 940,414 | |||||||||||||
Series - 2017 1A (Class A2I) | ||||||||||||||||||
1,860,938 | g | DB Master Finance LLC | 3.787 | 05/20/49 | 1,798,577 | |||||||||||||
Series - 2019 1A (Class A2I) | ||||||||||||||||||
868,500 | g | Domino's Pizza Master Issuer LLC | 4.474 | 10/25/45 | 842,888 | |||||||||||||
Series - 2015 1A (Class A2II) | ||||||||||||||||||
3,030,250 | g | Domino's Pizza Master Issuer LLC | 3.082 | 07/25/47 | 2,925,191 | |||||||||||||
Series - 2017 1A (Class A2II) | ||||||||||||||||||
788,000 | g | Domino's Pizza Master Issuer LLC | 4.116 | 07/25/48 | 760,830 | |||||||||||||
Series - 2018 1A (Class A2I) |
211 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 704,754 | g,i | Ellington Loan Acquisition Trust | 2.047 | % | 05/25/37 | $ | 672,474 | ||||||||||
Series - 2007 2 (Class A2C) | ||||||||||||||||||
750,000 | g | Ford Credit Auto Owner Trust | 2.310 | 08/15/27 | 743,163 | |||||||||||||
Series - 2016 1 (Class A) | ||||||||||||||||||
7,789,000 | g | GSCG Trust | 2.936 | 09/06/34 | 7,564,221 | |||||||||||||
Series - 2019 600C (Class A) | ||||||||||||||||||
1,526,077 | g | HERO Funding Trust | 3.840 | 09/21/40 | 1,574,869 | |||||||||||||
Series - 2015 1A (Class A) | ||||||||||||||||||
320,385 | g | HERO Funding Trust | 3.990 | 09/21/40 | 325,720 | |||||||||||||
Series - 2014 2A (Class A) | ||||||||||||||||||
1,794,288 | g | HERO Funding Trust | 3.750 | 09/20/41 | 1,844,764 | |||||||||||||
Series - 2016 2A (Class A) | ||||||||||||||||||
1,475,363 | g | HERO Funding Trust | 4.050 | 09/20/41 | 1,531,074 | |||||||||||||
Series - 2016 1A (Class A) | ||||||||||||||||||
3,796,737 | g | HERO Funding Trust | 3.080 | 09/20/42 | 3,851,572 | |||||||||||||
Series - 2016 3A (Class A1) | ||||||||||||||||||
3,425,453 | g | HERO Funding Trust | 3.910 | 09/20/42 | 3,559,891 | |||||||||||||
Series - 2016 3A (Class A2) | ||||||||||||||||||
274,711 | g | HERO Funding Trust | 4.500 | 09/21/42 | 275,374 | |||||||||||||
Series - 2016 1R (Class A1) | ||||||||||||||||||
3,274,312 | g | HERO Funding Trust | 3.570 | 09/20/47 | 3,388,461 | |||||||||||||
Series - 2016 4A (Class A1) | ||||||||||||||||||
3,071,907 | g | HERO Funding Trust | 3.710 | 09/20/47 | 3,216,487 | |||||||||||||
Series - 2017 1A (Class A1) | ||||||||||||||||||
485,083 | g | HERO Funding Trust | 4.290 | 09/20/47 | 511,223 | |||||||||||||
Series - 2016 4A (Class A2) | ||||||||||||||||||
5,318,482 | g | HERO Funding Trust | 3.190 | 09/20/48 | 5,225,609 | |||||||||||||
Series - 2017 3A (Class A1) | ||||||||||||||||||
4,976,618 | g | HERO Funding Trust | 3.950 | 09/20/48 | 5,013,045 | |||||||||||||
Series - 2017 3A (Class A2) | ||||||||||||||||||
2,058,903 | g | HERO Funding Trust | 4.070 | 09/20/48 | 2,150,182 | |||||||||||||
Series - 2017 2A (Class A2) | ||||||||||||||||||
7,285,109 | g | HERO Funding Trust | 4.670 | 09/20/48 | 7,571,014 | |||||||||||||
Series - 2018 1A (Class A2) | ||||||||||||||||||
4,699,000 | g | HERO Funding Trust | 2.720 | 09/20/57 | 4,336,150 | |||||||||||||
Series - 2020 1A (Class A) | ||||||||||||||||||
51,739 | i | Home Equity Asset Trust | 3.986 | 06/25/33 | 48,593 | |||||||||||||
Series - 2003 1 (Class M1) | ||||||||||||||||||
100,000 | g,i | Invitation Homes Trust | 2.155 | 06/17/37 | 84,966 | |||||||||||||
Series - 2018 SFR2 (Class D) | ||||||||||||||||||
361,002 | i | JP Morgan Mortgage Acquisition Trust | 1.267 | 03/25/37 | 330,459 | |||||||||||||
Series - 2007 CH3 (Class A1B) | ||||||||||||||||||
2,462,045 | i | JP Morgan Mortgage Acquisition Trust | 1.107 | 06/25/37 | 2,276,265 | |||||||||||||
Series - 2007 CH5 (Class A1) | ||||||||||||||||||
5,000,000 | g,i | MAD Mortgage Trust | 3.368 | 08/15/34 | 4,477,108 | |||||||||||||
Series - 2017 330M (Class C) | ||||||||||||||||||
3,891,969 | g | Mosaic Solar Loans LLC | 3.820 | 06/22/43 | 3,859,259 | |||||||||||||
Series - 2017 2A (Class A) | ||||||||||||||||||
290,000 | g,i | MSCG Trust | 3.462 | 06/07/35 | 209,114 | |||||||||||||
Series - 2015 ALDR (Class D) | ||||||||||||||||||
703,206 | g | MVW Owner Trust | 2.420 | 12/20/34 | 684,360 | |||||||||||||
Series - 2017 1A (Class A) | ||||||||||||||||||
1,488,465 | g,i | Navient Student Loan Trust | 1.197 | 06/27/67 | 1,486,914 | |||||||||||||
Series - 2018 4A (Class A1) |
212 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 36,143 | g,i | Orange Lake Timeshare Trust | 3.030 | % | 07/09/29 | $ | 35,866 | ||||||||||
Series - 2014 AA (Class B) | ||||||||||||||||||
2,193,916 | g | Progress Residential Trust | 2.897 | 12/17/34 | 2,182,065 | |||||||||||||
Series - 2017 SFR2 (Class A) | ||||||||||||||||||
4,000,000 | PSNH Funding LLC | 3.506 | 08/01/28 | 3,954,469 | ||||||||||||||
Series - 2018 1 (Class A2) | ||||||||||||||||||
250,000 | i | RASC Trust | 3.080 | 08/25/35 | 239,629 | |||||||||||||
Series - 2005 KS8 (Class M4) | ||||||||||||||||||
1,382,454 | g | Renew | 3.670 | 09/20/52 | 1,448,193 | |||||||||||||
Series - 2017 1A (Class A) | ||||||||||||||||||
3,938,393 | g | Renew | 3.950 | 09/20/53 | 4,104,540 | |||||||||||||
Series - 2018 1 (Class A) | ||||||||||||||||||
90,846 | g | SolarCity LMC | 4.800 | 11/20/38 | 84,023 | |||||||||||||
Series - 2013 1 (Class A) | ||||||||||||||||||
3,280,169 | g | SolarCity LMC | 4.590 | 04/20/44 | 3,128,644 | |||||||||||||
Series - 2014 1 (Class A) | ||||||||||||||||||
731,401 | g | SolarCity LMC | 4.020 | 07/20/44 | 684,203 | |||||||||||||
Series - 2014 2 (Class A) | ||||||||||||||||||
912,107 | g | SolarCity LMC | 4.800 | 09/20/48 | 882,725 | |||||||||||||
Series - 2016 A (Class A) | ||||||||||||||||||
326,223 | i | Structured Asset Securities Corp Mortgage Loan Trust | 3.081 | 04/25/35 | 298,312 | |||||||||||||
Series - 2005 7XS (Class 2A1A) | ||||||||||||||||||
5,542,979 | g | Sunrun Athena Issuer LLC | 5.310 | 04/30/49 | 4,882,128 | |||||||||||||
Series - 2018 1 (Class A) | ||||||||||||||||||
7,175,107 | g | Sunrun Atlas Issuer LLC | 3.610 | 02/01/55 | 5,430,573 | |||||||||||||
Series - 2019 2 (Class A) | ||||||||||||||||||
17,620,338 | g | Sunrun Callisto Issuer LLC | 3.980 | 06/30/54 | 13,377,621 | |||||||||||||
Series - 2019 1A (Class A) | ||||||||||||||||||
10,407,452 | g | TES LLC | 4.330 | 10/20/47 | 8,124,681 | |||||||||||||
Series - 2017 1A (Class A) | ||||||||||||||||||
2,500,000 | g | TES LLC | 7.740 | 10/20/47 | 2,111,396 | |||||||||||||
Series - 2017 1A (Class B) | ||||||||||||||||||
4,279,306 | g | TES LLC | 4.120 | 02/20/48 | 3,002,601 | |||||||||||||
Series - 2017 2A (Class A) | ||||||||||||||||||
23,289,903 | g | Tesla Auto Lease Trust | 3.710 | 08/20/21 | 23,394,922 | |||||||||||||
Series - 2018 B (Class A) | ||||||||||||||||||
4,000,000 | g | Tesla Auto Lease Trust | 7.870 | 06/20/22 | 3,873,887 | |||||||||||||
Series - 2018 B (Class E) | ||||||||||||||||||
3,988,000 | g | Tesla Auto Lease Trust | 2.160 | 10/20/22 | 3,998,579 | |||||||||||||
Series - 2019 A (Class A3) | ||||||||||||||||||
4,125,000 | g | Tesla Auto Lease Trust | 2.200 | 11/21/22 | 4,035,337 | |||||||||||||
Series - 2019 A (Class A4) | ||||||||||||||||||
1,650,000 | g | Tesla Auto Lease Trust | 5.480 | 05/22/23 | 1,640,889 | |||||||||||||
Series - 2019 A (Class E) | ||||||||||||||||||
1,000,000 | g | Tricon American Homes Trust | 4.878 | 11/17/33 | 952,296 | |||||||||||||
Series - 2016 SFR1 (Class E) | ||||||||||||||||||
500,000 | g | Tricon American Homes Trust | 4.011 | 09/17/34 | 458,001 | |||||||||||||
Series - 2017 SFR1 (Class E) | ||||||||||||||||||
498,586 | g | Tricon American Homes Trust | 2.928 | 01/17/36 | 489,398 | |||||||||||||
Series - 2017 SFR2 (Class A) | ||||||||||||||||||
100,000 | g | Tricon American Homes Trust | 3.275 | 01/17/36 | 97,132 | |||||||||||||
Series - 2017 SFR2 (Class B) | ||||||||||||||||||
5,639,851 | g | Vivint Colar Financing V LLC | 4.730 | 04/30/48 | 4,600,297 | |||||||||||||
Series - 2018 1A (Class A) |
213 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 4,237,836 | g | Vivint Colar Financing V LLC | 7.370 | % | 04/30/48 | $ | 2,797,701 | ||||||||||
Series - 2018 1A (Class B) | ||||||||||||||||||
1,466,250 | g | Wendys Funding LLC | 3.573 | 03/15/48 | 1,338,158 | |||||||||||||
Series - 2018 1A (Class A2I) | ||||||||||||||||||
TOTAL ASSET BACKED | 186,357,759 | |||||||||||||||||
OTHER MORTGAGE BACKED - 7.3% | ||||||||||||||||||
3,465,000 | g,i | 20 Times Square Trust | 3.100 | 05/15/35 | 3,296,586 | |||||||||||||
Series - 2018 20TS (Class B) | ||||||||||||||||||
596,302 | g,i | Agate Bay Mortgage Trust | 3.500 | 11/25/44 | 590,483 | |||||||||||||
Series - 2014 3 (Class A13) | ||||||||||||||||||
82,132 | g,i | Agate Bay Mortgage Trust | 3.500 | 09/25/45 | 83,054 | |||||||||||||
Series - 2015 6 (Class A9) | ||||||||||||||||||
175,681 | i | Alternative Loan Trust | 1.447 | 06/25/34 | 154,355 | |||||||||||||
Series - 2004 8CB (Class M1) | ||||||||||||||||||
750,000 | Banc of America Commercial Mortgage Trust | 3.019 | 07/15/49 | 767,891 | ||||||||||||||
Series - 2016 UB10 (Class ASB) | ||||||||||||||||||
2,000,000 | BANK | 3.203 | 12/15/52 | 1,872,397 | ||||||||||||||
Series - 2019 BN23 (Class AS) | ||||||||||||||||||
5,750,000 | g | BBCMS Trust | 3.593 | 09/15/32 | 5,752,253 | |||||||||||||
Series - 2015 MSQ (Class A) | ||||||||||||||||||
2,500,000 | g | BBCMS Trust | 3.894 | 09/15/32 | 2,447,104 | |||||||||||||
Series - 2015 MSQ (Class B) | ||||||||||||||||||
200,000 | g | BBCMS Trust | 4.197 | 08/10/35 | 199,504 | |||||||||||||
Series - 2015 SRCH (Class A2) | ||||||||||||||||||
4,500,000 | g | BBCMS Trust | 4.798 | 08/10/35 | 4,055,710 | |||||||||||||
Series - 2015 SRCH (Class C) | ||||||||||||||||||
5,000,000 | g,i | BBCMS Trust | 4.267 | 08/05/38 | 3,256,970 | |||||||||||||
Series - 2018 CHRS (Class E) | ||||||||||||||||||
3,000,000 | g,i | BBCMS Trust | 3.688 | 02/15/53 | 1,951,795 | |||||||||||||
Series - 2020 C6 (Class F5TA) | ||||||||||||||||||
1,000,000 | Benchmark Mortgage Trust | 4.468 | 03/15/52 | 950,974 | ||||||||||||||
Series - 2019 B9 (Class B) | ||||||||||||||||||
2,000,000 | Benchmark Mortgage Trust | 3.419 | 08/15/52 | 2,002,660 | ||||||||||||||
Series - 2019 B12 (Class AS) | ||||||||||||||||||
8,750,000 | g,i | Benchmark Mortgage Trust | 3.899 | 03/15/62 | 6,099,712 | |||||||||||||
Series - 2019 B10 (Class 3CCA) | ||||||||||||||||||
2,500,000 | g | BWAY Mortgage Trust | 3.342 | 01/10/35 | 2,163,287 | |||||||||||||
Series - 2015 1740 (Class C) | ||||||||||||||||||
7,165,504 | g,i | BX Commercial Mortgage Trust | 1.625 | 10/15/36 | 6,815,717 | |||||||||||||
Series - 2019 XL (Class A) | ||||||||||||||||||
4,777,003 | g,i | BX Commercial Mortgage Trust | 1.955 | 10/15/36 | 4,334,537 | |||||||||||||
Series - 2019 XL (Class C) | ||||||||||||||||||
4,777,003 | g,i | BX Commercial Mortgage Trust | 2.505 | 10/15/36 | 4,179,118 | |||||||||||||
Series - 2019 XL (Class E) | ||||||||||||||||||
2,000,000 | i | CD Mortgage Trust | 3.879 | 11/10/49 | 1,893,763 | |||||||||||||
Series - 2016 CD2 (Class B) | ||||||||||||||||||
1,500,000 | g | Citigroup Commercial Mortgage Trust | 4.350 | 05/10/36 | 1,380,659 | |||||||||||||
Series - 2019 PRM (Class D) | ||||||||||||||||||
5,000,000 | i | Citigroup Commercial Mortgage Trust | 3.758 | 04/10/48 | 4,771,675 | |||||||||||||
Series - 2015 GC29 (Class B) | ||||||||||||||||||
4,800,000 | Citigroup Commercial Mortgage Trust | 3.300 | 11/10/52 | 4,536,228 | ||||||||||||||
Series - 2019 GC43 (Class AS) |
214 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 5,000,000 | Citigroup Commercial Mortgage Trust | 3.018 | % | 08/10/56 | $ | 4,658,293 | |||||||||||
Series - 2019 GC41 (Class AS) | ||||||||||||||||||
2,250,000 | g,i | Cityline Commercial Mortgage Trust | 2.778 | 11/10/31 | 2,179,108 | |||||||||||||
Series - 2016 CLNE (Class A) | ||||||||||||||||||
6,000,000 | g | COMM Mortgage Trust | 2.681 | 08/10/29 | 5,895,107 | |||||||||||||
Series - 2016 GCT (Class A) | ||||||||||||||||||
270,000 | g | COMM Mortgage Trust | 3.086 | 08/10/29 | 263,235 | |||||||||||||
Series - 2016 GCT (Class B) | ||||||||||||||||||
1,500,000 | g,i | COMM Mortgage Trust | 3.461 | 08/10/29 | 1,306,633 | |||||||||||||
Series - 2016 GCT (Class F) | ||||||||||||||||||
4,000,000 | g,i | COMM Mortgage Trust | 3.538 | 10/10/29 | 3,764,642 | |||||||||||||
Series - 2017 PANW (Class C) | ||||||||||||||||||
2,815,000 | g | COMM Mortgage Trust | 4.353 | 08/10/30 | 2,905,559 | |||||||||||||
Series - 2013 300P (Class A1) | ||||||||||||||||||
3,519,000 | g,i | COMM Mortgage Trust | 5.288 | 08/10/46 | 3,107,649 | |||||||||||||
Series - 2013 LC13 (Class D) | ||||||||||||||||||
2,000,000 | COMM Mortgage Trust | 4.701 | 03/10/47 | 2,001,882 | ||||||||||||||
Series - 2014 UBS2 (Class B) | ||||||||||||||||||
3,000,000 | i | COMM Mortgage Trust | 4.974 | 03/10/47 | 2,715,819 | |||||||||||||
Series - 2014 UBS2 (Class C) | ||||||||||||||||||
3,300,000 | i | COMM Mortgage Trust | 4.703 | 08/10/47 | 3,296,249 | |||||||||||||
Series - 2014 CR19 (Class B) | ||||||||||||||||||
1,500,000 | g,i | COMM Mortgage Trust | 4.731 | 08/10/47 | 1,255,708 | |||||||||||||
Series - 2014 CR19 (Class D) | ||||||||||||||||||
737,098 | COMM Mortgage Trust | 3.040 | 02/10/48 | 749,844 | ||||||||||||||
Series - 2015 LC19 (Class ASB) | ||||||||||||||||||
3,500,000 | g,i | COMM Mortgage Trust | 4.110 | 03/10/48 | 2,794,954 | |||||||||||||
Series - 2015 CR22 (Class D) | ||||||||||||||||||
4,000,000 | i | COMM Mortgage Trust | 4.304 | 05/10/48 | 3,184,208 | |||||||||||||
Series - 2015 CR23 (Class D) | ||||||||||||||||||
360,000 | i | COMM Mortgage Trust | 3.463 | 08/10/48 | 270,590 | |||||||||||||
Series - 2015 CR24 (Class D) | ||||||||||||||||||
10,632 | COMM Mortgage Trust | 1.516 | 10/10/49 | 10,568 | ||||||||||||||
Series - 2016 COR1 (Class A1) | ||||||||||||||||||
2,250,000 | COMM Mortgage Trust | 3.263 | 08/15/57 | 2,266,551 | ||||||||||||||
Series - 2019 GC44 (Class AM) | ||||||||||||||||||
804,608 | i | Connecticut Avenue Securities | 3.547 | 05/25/24 | 721,923 | |||||||||||||
Series - 2014 C02 (Class 1M2) | ||||||||||||||||||
1,837,999 | i | Connecticut Avenue Securities | 3.947 | 07/25/24 | 1,681,769 | |||||||||||||
Series - 2014 C03 (Class 1M2) | ||||||||||||||||||
247,313 | i | Connecticut Avenue Securities | 5.947 | 11/25/24 | 238,443 | |||||||||||||
Series - 2014 C04 (Class 2M2) | ||||||||||||||||||
174,557 | i | Connecticut Avenue Securities | 6.497 | 04/25/28 | 161,653 | |||||||||||||
Series - 2015 C04 (Class 2M2) | ||||||||||||||||||
273,061 | i | Connecticut Avenue Securities | 6.647 | 04/25/28 | 269,986 | |||||||||||||
Series - 2015 C04 (Class 1M2) | ||||||||||||||||||
311,040 | i | Connecticut Avenue Securities | 7.697 | 08/25/28 | 297,009 | |||||||||||||
Series - 2016 C01 (Class 1M2) | ||||||||||||||||||
1,015,191 | i | Connecticut Avenue Securities | 7.897 | 08/25/28 | 1,014,005 | |||||||||||||
Series - 2016 C01 (Class 2M2) | ||||||||||||||||||
1,531,666 | i | Connecticut Avenue Securities | 6.847 | 10/25/28 | 1,493,374 | |||||||||||||
Series - 2016 C03 (Class 2M2) | ||||||||||||||||||
2,783,371 | i | Connecticut Avenue Securities | 5.197 | 01/25/29 | 2,615,988 | |||||||||||||
Series - 2016 C04 (Class 1M2) |
215 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 400,000 | i | Connecticut Avenue Securities | 5.397 | % | 01/25/29 | $ | 332,898 | ||||||||||
Series - 2016 C05 (Class 2M2B) | ||||||||||||||||||
2,628,086 | i | Connecticut Avenue Securities | 5.397 | 01/25/29 | 2,508,181 | |||||||||||||
Series - 2016 C05 (Class 2M2) | ||||||||||||||||||
1,000,000 | i | Connecticut Avenue Securities | 5.197 | 04/25/29 | 961,797 | |||||||||||||
Series - 2016 C06 (Class 1M2) | ||||||||||||||||||
145,000 | i | Connecticut Avenue Securities | 1.797 | 09/25/29 | 116,675 | |||||||||||||
Series - 2017 C02 (Class 2ED4) | ||||||||||||||||||
1,838,716 | i | Connecticut Avenue Securities | 3.147 | 01/25/30 | 1,775,482 | |||||||||||||
Series - 2017 C05 (Class 1M2A) | ||||||||||||||||||
897,519 | i | Connecticut Avenue Securities | 1.847 | 08/25/30 | 825,455 | |||||||||||||
Series - 2018 C02 (Class 2EA2) | ||||||||||||||||||
1,236,520 | i | Connecticut Avenue Securities | 1.797 | 10/25/30 | 1,169,801 | |||||||||||||
Series - 2018 C03 (Class 1EA2) | ||||||||||||||||||
19,571 | i | Connecticut Avenue Securities | 3.497 | 12/25/30 | 16,042 | |||||||||||||
Series - 2018 C04 (Class 2M2) | ||||||||||||||||||
97,615 | i | Connecticut Avenue Securities | 3.047 | 03/25/31 | 81,966 | |||||||||||||
Series - 2018 C06 (Class 2M2) | ||||||||||||||||||
496,088 | g,i | Connecticut Avenue Securities | 3.397 | 07/25/31 | 411,120 | |||||||||||||
Series - 2019 R01 (Class 2M2) | ||||||||||||||||||
2,075,576 | g,i | Connecticut Avenue Securities | 3.097 | 09/25/31 | 1,699,313 | |||||||||||||
Series - 2019 R03 (Class 1M2) | ||||||||||||||||||
3,348,088 | g,i | Connecticut Avenue Securities | 1.697 | 09/25/39 | 3,263,022 | |||||||||||||
Series - 2019 R06 (Class 2M1) | ||||||||||||||||||
192,961 | g,i | Connecticut Avenue Securities | 1.747 | 01/25/40 | 184,500 | |||||||||||||
Series - 2020 R01 (Class 1M1) | ||||||||||||||||||
160,000 | g,i | Connecticut Avenue Securities | 2.947 | 01/25/40 | 103,781 | |||||||||||||
Series - 2020 R02 (Class 2M2) | ||||||||||||||||||
115,301 | i | Countrywide Home Loan Mortgage Pass Through Trust | 3.921 | 11/20/34 | 99,139 | |||||||||||||
Series - 2004 HYB6 (Class A2) | ||||||||||||||||||
14,000,000 | g | CPT Mortgage Trust | 2.865 | 11/13/39 | 13,713,920 | |||||||||||||
Series - 2019 CPT (Class A) | ||||||||||||||||||
2,500,000 | g,i | CPT Mortgage Trust | 2.997 | 11/13/39 | 2,405,030 | |||||||||||||
Series - 2019 CPT (Class C) | ||||||||||||||||||
3,500,000 | g,i | CPT Mortgage Trust | 2.997 | 11/13/39 | 2,667,389 | |||||||||||||
Series - 2019 CPT (Class E) | ||||||||||||||||||
5,000,000 | g,i | Credit Suisse Commercial Mortgage Trust | 3.728 | 11/10/32 | 4,735,291 | |||||||||||||
Series - 2017 CALI (Class B) | ||||||||||||||||||
335,000 | g,i | Credit Suisse Commercial Mortgage Trust | 1.597 | 05/25/36 | 315,681 | |||||||||||||
Series - 2006 CF2 (Class M3) | ||||||||||||||||||
1,014,678 | g,i | Credit Suisse Commercial Mortgage Trust | 3.500 | 02/25/48 | 1,031,036 | |||||||||||||
Series - 2018 J1 (Class A11) | ||||||||||||||||||
5,750,000 | g,i | CSAIL Commercial Mortgage Trust | 3.677 | 06/15/37 | 4,391,039 | |||||||||||||
Series - 2017 C8 (Class 85BB) | ||||||||||||||||||
10,000,000 | g,i | CSMC Trust | 3.778 | 11/10/32 | 9,195,349 | |||||||||||||
Series - 2017 CALI (Class C) | ||||||||||||||||||
700,000 | g,i | DBUBS Mortgage Trust | 5.530 | 07/10/44 | 670,229 | |||||||||||||
Series - 2011 LC2A (Class D) | ||||||||||||||||||
300,000 | g,i | Ellington Financial Mortgage Trust | 3.587 | 06/25/59 | 270,850 | |||||||||||||
Series - 2019 1 (Class M1) | ||||||||||||||||||
306,344 | i | Fieldstone Mortgage Investment Trust | 1.682 | 12/25/35 | 293,984 | |||||||||||||
Series - 2005 2 (Class M2) | ||||||||||||||||||
3,294,942 | g,i | FirstKey Mortgage Trust | 3.500 | 11/25/44 | 3,263,456 | |||||||||||||
Series - 2014 1 (Class A8) |
216 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 284,437 | g,i | Flagstar Mortgage Trust | 4.113 | % | 10/25/47 | $ | 257,581 | ||||||||||
Series - 2017 2 (Class B3) | ||||||||||||||||||
204,309 | g,i | Flagstar Mortgage Trust | 4.000 | 09/25/48 | 201,853 | |||||||||||||
Series - 2018 5 (Class A11) | ||||||||||||||||||
3,600,000 | g | GRACE Mortgage Trust | 3.369 | 06/10/28 | 3,618,273 | |||||||||||||
Series - 2014 GRCE (Class A) | ||||||||||||||||||
3,000,000 | g,i | GS Mortgage Securities Trust | 1.795 | 10/15/31 | 2,871,490 | |||||||||||||
Series - 2018 HART (Class A) | ||||||||||||||||||
3,500,000 | g,i | GS Mortgage Securities Trust | 5.180 | 12/10/43 | 3,393,319 | |||||||||||||
Series - 2010 C2 (Class D) | ||||||||||||||||||
1,950,200 | g,i | GS Mortgage Securities Trust | 4.285 | 02/10/46 | 1,775,233 | |||||||||||||
Series - 2013 GC10 (Class C) | ||||||||||||||||||
93,000 | i | GS Mortgage Securities Trust | 3.799 | 11/10/49 | 73,845 | |||||||||||||
Series - 2016 GS4 (Class C) | ||||||||||||||||||
2,000,000 | †,g | GS Mortgage Securities Trust | 3.000 | 02/10/52 | 1,221,242 | |||||||||||||
Series - 2019 GC38 (Class D) | ||||||||||||||||||
437,308 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 440,905 | |||||||||||||
Series - 2019 PJ2 (Class A1) | ||||||||||||||||||
1,144,189 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 1,148,133 | |||||||||||||
Series - 2019 PJ2 (Class A4) | ||||||||||||||||||
458,613 | i | HarborView Mortgage Loan Trust | 1.370 | 08/19/45 | 386,936 | |||||||||||||
Series - 2005 11 (Class 2A1A) | ||||||||||||||||||
3,500,000 | g | Hudson Yards Mortgage Trust | 2.835 | 08/10/38 | 3,582,527 | |||||||||||||
Series - 2016 10HY (Class A) | ||||||||||||||||||
2,500,000 | g,i | Hudson Yards Mortgage Trust | 2.977 | 08/10/38 | 2,327,290 | |||||||||||||
Series - 2016 10HY (Class E) | ||||||||||||||||||
2,500,000 | g,i | Hudson Yards Mortgage Trust | 2.977 | 08/10/38 | 2,498,646 | |||||||||||||
Series - 2016 10HY (Class B) | ||||||||||||||||||
5,750,000 | g,i | Hudson Yards Mortgage Trust | 2.977 | 08/10/38 | 5,585,364 | |||||||||||||
Series - 2016 10HY (Class C) | ||||||||||||||||||
17,500,000 | g,i | Hudson Yards Mortgage Trust | 3.443 | 07/10/39 | 16,316,694 | |||||||||||||
Series - 2019 30HY (Class D) | ||||||||||||||||||
4,000,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 3,585,756 | |||||||||||||
Series - 2019 55HY (Class D) | ||||||||||||||||||
8,250,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 7,275,904 | |||||||||||||
Series - 2019 55HY (Class E) | ||||||||||||||||||
2,500,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 2,074,733 | |||||||||||||
Series - 2019 55HY (Class F) | ||||||||||||||||||
19,215 | i | Impac CMB Trust | 1.607 | 03/25/35 | 16,579 | |||||||||||||
Series - 2004 11 (Class 2A1) | ||||||||||||||||||
1,600,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Trust | 4.079 | 01/15/46 | 1,364,187 | |||||||||||||
Series - 2013 C13 (Class D) | ||||||||||||||||||
492,537 | g,i | JP Morgan Mortgage Trust | 2.974 | 12/25/44 | 394,489 | |||||||||||||
�� | Series - 2015 1 (Class B1) | |||||||||||||||||
70,024 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/45 | 69,332 | |||||||||||||
Series - 2015 3 (Class A19) | ||||||||||||||||||
845,720 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/45 | 832,258 | |||||||||||||
Series - 2015 6 (Class A13) | ||||||||||||||||||
151,208 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/46 | 150,510 | |||||||||||||
Series - 2016 1 (Class A13) | ||||||||||||||||||
180,183 | g,i | JP Morgan Mortgage Trust | 3.500 | 01/25/47 | 180,921 | |||||||||||||
Series - 2017 1 (Class A3) |
217 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 1,124,315 | g,i | JP Morgan Mortgage Trust | 3.500 | % | 05/25/47 | $ | 1,109,569 | ||||||||||
Series - 2017 2 (Class A5) | ||||||||||||||||||
292,682 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/47 | 292,633 | |||||||||||||
Series - 2017 2 (Class A13) | ||||||||||||||||||
25,086 | g,i | JP Morgan Mortgage Trust | 3.500 | 08/25/47 | 24,980 | |||||||||||||
Series - 2017 3 (Class 1A5) | ||||||||||||||||||
457,336 | g,i | JP Morgan Mortgage Trust | 3.500 | 09/25/48 | 444,901 | |||||||||||||
Series - 2018 3 (Class A13) | ||||||||||||||||||
144,648 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 140,654 | |||||||||||||
Series - 2018 4 (Class A13) | ||||||||||||||||||
603,977 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 587,089 | |||||||||||||
Series - 2018 5 (Class A13) | ||||||||||||||||||
331,492 | g,i | JP Morgan Mortgage Trust | 4.000 | 01/25/49 | 332,081 | |||||||||||||
Series - 2018 8 (Class A5) | ||||||||||||||||||
264,577 | g,i | JP Morgan Mortgage Trust | 4.000 | 01/25/49 | 261,382 | |||||||||||||
Series - 2018 8 (Class A13) | ||||||||||||||||||
691,965 | g,i | JP Morgan Mortgage Trust | 4.000 | 02/25/49 | 705,309 | |||||||||||||
Series - 2018 9 (Class A13) | ||||||||||||||||||
765,146 | g,i | JP Morgan Mortgage Trust | 4.000 | 05/25/49 | 774,757 | |||||||||||||
Series - 2019 1 (Class A3) | ||||||||||||||||||
924,988 | g,i | JP Morgan Mortgage Trust | 4.000 | 05/25/49 | 910,151 | |||||||||||||
Series - 2019 1 (Class A15) | ||||||||||||||||||
339,820 | g,i | JP Morgan Mortgage Trust | 4.000 | 08/25/49 | 336,107 | |||||||||||||
Series - 2019 2 (Class A4) | ||||||||||||||||||
663,982 | g,i | JP Morgan Mortgage Trust | 4.751 | 09/25/49 | 629,598 | |||||||||||||
Series - 2019 3 (Class B1) | ||||||||||||||||||
907,030 | g,i | JP Morgan Mortgage Trust | 3.895 | 06/25/50 | 720,088 | |||||||||||||
Series - 2020 1 (Class B2) | ||||||||||||||||||
2,400,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.473 | 09/15/47 | 2,095,691 | |||||||||||||
Series - 2014 C23 (Class C) | ||||||||||||||||||
1,000,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.307 | 02/15/48 | 856,214 | |||||||||||||
Series - 2015 C27 (Class C) | ||||||||||||||||||
248,462 | JPMDB Commercial Mortgage Securities Trust | 1.537 | 12/15/49 | 246,625 | ||||||||||||||
Series - 2016 C4 (Class A1) | ||||||||||||||||||
990,008 | g | Ladder Capital Commercial Mortgage Securities | 3.575 | 02/15/36 | 985,204 | |||||||||||||
Series - 2013 GCP (Class A1) | ||||||||||||||||||
10,000,000 | g | Liberty Street Trust | 3.597 | 02/10/36 | 10,344,138 | |||||||||||||
Series - 2016 225L (Class A) | ||||||||||||||||||
4,000,000 | g,i | MAD Mortgage Trust | 3.082 | 08/15/34 | 3,839,305 | |||||||||||||
Series - 2017 330M (Class A) | ||||||||||||||||||
1,910,069 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 4.750 | 12/15/46 | 1,574,504 | |||||||||||||
Series - 2014 C19 (Class LNC3) | ||||||||||||||||||
737,507 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.069 | 02/15/48 | 752,489 | ||||||||||||||
Series - 2015 C20 (Class ASB) | ||||||||||||||||||
351,715 | i | Morgan Stanley Capital I Trust | 1.772 | 08/25/34 | 336,150 | |||||||||||||
Series - 2004 HE6 (Class M1) | ||||||||||||||||||
425,000 | g,i | Morgan Stanley Capital I Trust | 1.405 | 11/15/34 | 402,336 | |||||||||||||
Series - 2017 CLS (Class A) |
218 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 210,952 | †,i | Morgan Stanley Capital I Trust | 6.149 | % | 12/12/49 | $ | 125,727 | ||||||||||
Series - 2007 IQ16 (Class AJFX) | ||||||||||||||||||
750,000 | Morgan Stanley Capital I Trust | 4.177 | 07/15/51 | 824,414 | ||||||||||||||
Series - 2018 H3 (Class A5) | ||||||||||||||||||
2,500,000 | g,i | MSDB Trust | 3.316 | 07/11/39 | 2,359,820 | |||||||||||||
Series - 2017 712F (Class A) | ||||||||||||||||||
3,600,000 | g,i | MSDB Trust | 3.453 | 07/11/39 | 2,971,018 | |||||||||||||
Series - 2017 712F (Class B) | ||||||||||||||||||
3,450,000 | g,i | Natixis Commercial Mortgage Securities Trust | 3.790 | 11/15/32 | 3,418,876 | |||||||||||||
Series - 2018 285M (Class A) | ||||||||||||||||||
1,050,000 | g,i | Natixis Commercial Mortgage Securities Trust | 3.790 | 11/15/32 | 1,020,849 | |||||||||||||
Series - 2018 285M (Class C) | ||||||||||||||||||
10,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | 1.488 | 07/15/33 | 10,028,624 | |||||||||||||
Series - 2018 850T (Class A) | ||||||||||||||||||
14,000,000 | g,i | Natixis Commercial Mortgage Securities Trust | 4.955 | 07/15/36 | 11,554,907 | |||||||||||||
Series - 2019 MILE (Class F) | ||||||||||||||||||
151,002 | i | New York Mortgage Trust | 1.427 | 02/25/36 | 137,239 | |||||||||||||
Series - 2005 3 (Class A1) | ||||||||||||||||||
14,500,000 | g | One Bryant Park Trust | 2.516 | 09/15/54 | 14,444,082 | |||||||||||||
Series - 2019 OBP (Class A) | ||||||||||||||||||
2,750,000 | g | One Market Plaza Trust | 3.614 | 02/10/32 | 2,668,549 | |||||||||||||
Series - 2017 1MKT (Class A) | ||||||||||||||||||
112,404 | g | Prima Capital CRE Securitization Ltd | 2.550 | 08/24/49 | 111,908 | |||||||||||||
Series - 2015 4A (Class MR-A) | ||||||||||||||||||
809,452 | g,i | Sequoia Mortgage Trust | 3.500 | 05/25/45 | 824,910 | |||||||||||||
Series - 2015 2 (Class A1) | ||||||||||||||||||
233,409 | g,i | Sequoia Mortgage Trust | 3.500 | 06/25/46 | 236,325 | |||||||||||||
Series - 2016 1 (Class A19) | ||||||||||||||||||
277,964 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/46 | 279,128 | |||||||||||||
Series - 2016 3 (Class A10) | ||||||||||||||||||
717,309 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 725,573 | |||||||||||||
Series - 2017 3 (Class A19) | ||||||||||||||||||
1,623,208 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 1,630,569 | |||||||||||||
Series - 2017 3 (Class A4) | ||||||||||||||||||
234,381 | g,i | Sequoia Mortgage Trust | 3.754 | 09/25/47 | 220,218 | |||||||||||||
Series - 2017 6 (Class B1) | ||||||||||||||||||
556,262 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/48 | 561,842 | |||||||||||||
Series - 2018 2 (Class A1) | ||||||||||||||||||
184,193 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/48 | 185,266 | |||||||||||||
Series - 2018 2 (Class A19) | ||||||||||||||||||
114,037 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 114,809 | |||||||||||||
Series - 2018 3 (Class A1) | ||||||||||||||||||
123,395 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 122,832 | |||||||||||||
Series - 2018 3 (Class A4) | ||||||||||||||||||
470,463 | g,i | Sequoia Mortgage Trust | 4.000 | 09/25/48 | 468,857 | |||||||||||||
Series - 2018 7 (Class A4) | ||||||||||||||||||
278,934 | g,i | Sequoia Mortgage Trust | 4.000 | 09/25/48 | 280,325 | |||||||||||||
Series - 2018 7 (Class A19) | ||||||||||||||||||
117,558 | g,i | Sequoia Mortgage Trust | 4.000 | 11/25/48 | 120,551 | |||||||||||||
Series - 2018 8 (Class A1) |
219 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 196,841 | g,i | Sequoia Mortgage Trust | 4.000 | % | 11/25/48 | $ | 201,032 | ||||||||||
Series - 2018 8 (Class A19) | ||||||||||||||||||
1,109,854 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 1,103,545 | |||||||||||||
Series - 2019 2 (Class A1) | ||||||||||||||||||
324,566 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 321,203 | |||||||||||||
Series - 2019 2 (Class A19) | ||||||||||||||||||
1,868,810 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/49 | 1,895,564 | |||||||||||||
Series - 2019 4 (Class A1) | ||||||||||||||||||
1,519,179 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 1,546,387 | |||||||||||||
Series - 2019 5 (Class A1) | ||||||||||||||||||
853,040 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 863,498 | |||||||||||||
Series - 2019 5 (Class A19) | ||||||||||||||||||
2,845,000 | g,i | Sequoia Mortgage Trust | 3.000 | 04/25/50 | 2,866,592 | |||||||||||||
Series - 2020 3 (Class A19) | ||||||||||||||||||
3,758,242 | g,i | Shellpoint Co-Originator Trust | 3.500 | 10/25/47 | 3,806,267 | |||||||||||||
Series - 2017 2 (Class A1) | ||||||||||||||||||
1,392,777 | i | Structured Agency Credit Risk Debt Note (STACR) | 5.597 | 10/25/28 | 1,323,138 | |||||||||||||
Series - 2016 DNA2 (Class M3) | ||||||||||||||||||
801,001 | i | STACR | 2.297 | 03/25/29 | 767,288 | |||||||||||||
Series - 2016 HQA3 (Class M2) | ||||||||||||||||||
336,000 | i | STACR | 4.197 | 07/25/29 | 295,680 | |||||||||||||
Series - 2017 DNA1 (Class M2) | ||||||||||||||||||
103,007 | i | STACR | 2.147 | 10/25/29 | 100,296 | |||||||||||||
Series - 2017 DNA2 (Class M1) | ||||||||||||||||||
206,805 | i | STACR | 1.697 | 03/25/30 | 203,425 | |||||||||||||
Series - 2017 DNA3 (Class M1) | ||||||||||||||||||
1,217,418 | i | STACR | 1.897 | 04/25/30 | 1,138,027 | |||||||||||||
Series - 2017 HQA3 (Class M2AS) | ||||||||||||||||||
2,243,200 | i | STACR | 3.297 | 04/25/30 | 1,925,774 | |||||||||||||
Series - HQA3 (Class M2) | ||||||||||||||||||
361,014 | g,i | STACR | 3.729 | 02/25/48 | 358,715 | |||||||||||||
Series - 2018 SPI1 (Class M1) | ||||||||||||||||||
173,411 | g,i | STACR | 3.811 | 05/25/48 | 167,758 | |||||||||||||
Series - 2018 SPI2 (Class M1) | ||||||||||||||||||
198,021 | g,i | STACR | 4.148 | 08/25/48 | 193,350 | |||||||||||||
Series - 2018 SPI3 (Class M1) | ||||||||||||||||||
1,101,116 | g,i | STACR | 4.461 | 11/25/48 | 905,538 | |||||||||||||
Series - 2018 SPI4 (Class M2) | ||||||||||||||||||
360,000 | g,i | STACR | 2.797 | 02/25/50 | 228,673 | |||||||||||||
Series - 2020 DNA2 (Class M2) | ||||||||||||||||||
342,000 | g,i | STACR | 3.911 | 03/25/50 | 220,071 | |||||||||||||
Series - 2020 HQA2 (Class M2) | ||||||||||||||||||
12,640,000 | g | VNDO Mortgage Trust | 3.808 | 12/13/29 | 12,612,385 | |||||||||||||
Series - 2013 PENN (Class A) | ||||||||||||||||||
2,925,000 | g,i | VNDO Trust | 3.337 | 11/15/30 | 2,732,583 | |||||||||||||
Series - 2012 6AVE (Class C) | ||||||||||||||||||
2,711,000 | g | VNDO Trust | 3.805 | 01/10/35 | 2,835,462 | |||||||||||||
Series - 2016 350P (Class A) | ||||||||||||||||||
3,000,000 | g,i | VNDO Trust | 3.903 | 01/10/35 | 3,129,005 | |||||||||||||
Series - 2016 350P (Class B) | ||||||||||||||||||
758,273 | i | Wachovia Bank Commercial Mortgage Trust | 5.748 | 04/15/47 | 742,137 | |||||||||||||
Series - 2007 C31 (Class F) |
220 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 750,000 | Wells Fargo Commercial Mortgage Trust | 2.514 | % | 08/15/49 | $ | 755,401 | |||||||||||
Series - 2016 BNK1 (Class ASB) | ||||||||||||||||||
750,000 | Wells Fargo Commercial Mortgage Trust | 3.185 | 03/15/59 | 771,169 | ||||||||||||||
Series - 2016 C33 (Class ASB) | ||||||||||||||||||
602,318 | g,i | Wells Fargo Mortgage Backed Securities Trust | 4.000 | 04/25/49 | 606,816 | |||||||||||||
Series - 2019 2 (Class A17) | ||||||||||||||||||
350,000 | g,i | WFRBS Commercial Mortgage Trust | 5.174 | 02/15/44 | 355,335 | |||||||||||||
Series - 2011 C2 (Class B) | ||||||||||||||||||
750,000 | WFRBS Commercial Mortgage Trust | 3.311 | 03/15/45 | 745,288 | ||||||||||||||
Series - 2013 C11 (Class AS) | ||||||||||||||||||
650,000 | i | WFRBS Commercial Mortgage Trust | 4.690 | 12/15/46 | 585,563 | |||||||||||||
Series - 2013 C18 (Class C) | ||||||||||||||||||
TOTAL OTHER MORTGAGE BACKED | 363,265,745 | |||||||||||||||||
TOTAL STRUCTURED ASSETS | 549,623,504 | |||||||||||||||||
(Cost $595,861,627) | ||||||||||||||||||
TOTAL BONDS | 4,837,070,655 | |||||||||||||||||
(Cost $4,815,836,459) | ||||||||||||||||||
SHARES | COMPANY | |||||||||||||||||
PREFERRED STOCKS - 0.5% | ||||||||||||||||||
REAL ESTATE - 0.4% | ||||||||||||||||||
400,000 | * | Brookfield Property Partners LP | 6,376,000 | |||||||||||||||
695,000 | * | Brookfield Property Partners LP | 9,730,000 | |||||||||||||||
TOTAL REAL ESTATE | 16,106,000 | |||||||||||||||||
UTILITIES - 0.1% | ||||||||||||||||||
308,000 | * | Brookfield Renewable Partners LP | 5,999,840 | |||||||||||||||
TOTAL UTILITIES | 5,999,840 | |||||||||||||||||
TOTAL PREFERRED STOCKS | 22,105,840 | |||||||||||||||||
(Cost $35,075,000) | ||||||||||||||||||
PRINCIPAL | ISSUER | |||||||||||||||||
SHORT-TERM INVESTMENTS - 2.6% | ||||||||||||||||||
GOVERNMENT AGENCY DEBT - 2.6% | ||||||||||||||||||
$ | 23,000,000 | Federal Farm Credit Bank (FFCB) | 0.030 | 09/28/20 | 22,985,050 | |||||||||||||
10,000,000 | FFCB | 0.100 | 11/20/20 | 9,990,939 | ||||||||||||||
800,000 | Federal Home Loan Bank (FHLB) | 0.550 | 04/23/20 | 799,966 | ||||||||||||||
11,117,000 | FHLB | 0.120 | 05/11/20 | 11,116,135 | ||||||||||||||
3,740,000 | FHLB | 0.550 | 05/26/20 | 3,739,600 | ||||||||||||||
19,821,000 | FHLB | 0.150 | 05/28/20 | 19,818,803 | ||||||||||||||
4,255,000 | FHLB | 0.200 | 07/13/20 | 4,253,905 | ||||||||||||||
12,500,000 | FHLB | 0.060 | 10/01/20 | 12,491,104 | ||||||||||||||
18,000,000 | FHLB | 0.070 | 10/13/20 | 17,986,350 | ||||||||||||||
10,000,000 | FHLB | 0.100 | 01/19/21 | 9,986,978 | ||||||||||||||
10,000,000 | FHLB | 0.170 | 03/08/21 | 9,983,897 | ||||||||||||||
6,000,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.100 | 08/19/20 | 5,997,433 | ||||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 129,150,160 |
221 |
TIAA-CREF FUNDS - Core Impact Bond Fund
ISSUER | VALUE | |||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | $ | 129,150,160 | ||||||||||||||||
(Cost $129,174,220) | ||||||||||||||||||
TOTAL INVESTMENTS - 101.1% | 4,998,286,654 | |||||||||||||||||
(Cost $4,991,200,313) | ||||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (1.1)% | (53,736,411 | ) | ||||||||||||||||
NET ASSETS - 100.0% | $ | 4,944,550,243 | ||||||||||||||||
Abbreviation(s): | |||
EUR | Euro | ||
LIBOR | London Interbank Offered Rate | ||
M | Month | ||
REIT | Real Estate Investment Trust | ||
SOFR | Secure Overnight Financing Rate | ||
* | Non-income producing | ||
† | Security is categorized as Level 3 in the fair value hierarchy. | ||
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/2020, the aggregate value of these securities is $1,114,143,294 or 22.5% of net assets. | ||
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 | Zero coupon | ||
k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. | ||
Forward foreign currency contracts outstanding as of March 31, 2020 were as follows:
Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation) | ||||||||
$ | 7,150,049 | EUR | 6,490,250 | Bank of America, N.A. | 06/30/20 | $ | (32,772) | |||||||
Abbreviation(s): | ||
EUR | Euro |
222 |
TIAA-CREF FUNDS -Core Plus Bond Fund
TIAA-CREF FUNDS
CORE PLUS BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2020
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
BANK LOAN OBLIGATIONS - 2.4% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.1% | |||||||||||||||||
$ | 997,494 | i | Clarios Global LP | LIBOR 1 M + 3.500% | 4.441 | % | 04/30/26 | $ | 907,719 | ||||||||
2,715,467 | i | Gates Global LLC | LIBOR 1 M + 2.750% | 3.750 | 04/01/24 | 2,340,733 | |||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 3,248,452 | ||||||||||||||||
CAPITAL GOODS - 0.2% | |||||||||||||||||
2,531,447 | i | CHI Overhead Doors, Inc | LIBOR 1 M + 3.250% | 4.250 | 07/31/22 | 2,154,894 | |||||||||||
1,500,000 | h,i | Fluidra SA | LIBOR 1 M + 2.000% | 2.989 | 07/02/25 | 1,350,000 | |||||||||||
679,029 | i | MKS Instruments, Inc | LIBOR 1 M + 1.750% | 2.739 | 02/02/26 | 607,140 | |||||||||||
330,817 | i | Penn Engineering & Manufacturing Corp | LIBOR 3 M + 2.750% | 4.125 | 06/27/24 | 286,157 | |||||||||||
249,361 | i | PODS LLC | LIBOR 1 M + 2.750% | 3.750 | 12/06/24 | 220,684 | |||||||||||
483,750 | i | Proampac PG Borrower LLC | LIBOR 1 M and 3 M + 3.500% | 4.500 | 11/20/23 | 400,908 | |||||||||||
994,975 | i | Prometric Holdings Inc | LIBOR 1 M + 3.000% | 4.000 | 01/29/25 | 746,231 | |||||||||||
1,480,591 | i | TransDigm, Inc | LIBOR 1 M + 2.250% | 3.239 | 12/09/25 | 1,343,637 | |||||||||||
TOTAL CAPITAL GOODS | 7,109,651 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.3% | |||||||||||||||||
2,169,563 | i | Allied Universal Holdco LLC | LIBOR 1 M + 4.250% | 5.239 | 07/10/26 | 1,995,998 | |||||||||||
1,945,000 | i | Clean Harbors, Inc | LIBOR 1 M + 1.750% | 2.739 | 06/28/24 | 1,765,691 | |||||||||||
1,590,575 | i | GFL Environmental, Inc | LIBOR 1 M + 3.000% | 4.000 | 05/30/25 | 1,534,905 | |||||||||||
598,469 | i | Packers Holdings LLC | LIBOR 1 M + 3.250% | 4.250 | 12/04/24 | 501,218 | |||||||||||
1,407,663 | i | Prime Security Services | LIBOR 1 M + 3.250% | 4.606 | 09/23/26 | 1,257,043 | |||||||||||
1,741,110 | i | Spin Holdco, Inc | LIBOR 3 M + 3.250% | 5.093 | 11/14/22 | 1,545,236 | |||||||||||
2,529,277 | i | Trans Union LLC | LIBOR 1 M + 1.750% | 2.739 | 11/16/26 | 2,414,195 | |||||||||||
1,118,576 | i | WASH Multifamily Laundry Systems LLC | LIBOR 1 M + 3.250% | 4.250 | 05/16/22 | 928,418 | |||||||||||
195,896 | i | WASH Multifamily Laundry Systems LLC | LIBOR 1 M + 3.250% | 4.250 | 05/16/22 | 162,593 | |||||||||||
1,443,919 | i | West Corp | LIBOR 3 M + 4.000% | 5.450 | 10/10/24 | 1,076,802 | |||||||||||
1,196,736 | i | XPO Logistics, Inc | LIBOR 3 M + 2.000% | 3.613 | 02/24/25 | 1,128,354 | |||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 14,310,453 | ||||||||||||||||
CONSUMER DURABLES & APPAREL - 0.0% | |||||||||||||||||
1,429,730 | i | Academy Ltd | LIBOR 1 M + 4.000% | 5.515 | 07/01/22 | 763,318 | |||||||||||
500,000 | h,i | Wilsonart LLC | LIBOR 3 M + 3.250% | 4.710 | 12/19/23 | 400,000 | |||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 1,163,318 | ||||||||||||||||
CONSUMER SERVICES - 0.2% | |||||||||||||||||
2,367,905 | i | CDS US Intermediate Holdings, Inc | LIBOR 3 M + 3.750% | 5.200 | 07/08/22 | 1,197,639 | |||||||||||
3,237,666 | i | KUEHG Corp | LIBOR 3 M + 3.750% | 5.200 | 02/21/25 | 2,399,111 | |||||||||||
2,248,365 | i | Scientific Games International, Inc | LIBOR 1 M and 2 M + 2.750% | 3.739 | 08/14/24 | 1,806,179 | |||||||||||
3,484,285 | i | Sterling Midco Holdings, Inc | LIBOR 1 M + 3.500% | 4.500 | 06/19/24 | 2,839,692 | |||||||||||
TOTAL CONSUMER SERVICES | 8,242,621 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 0.0% | |||||||||||||||||
376,166 | i | Lions Gate Capital Holdings LLC | LIBOR 1 M + 2.250% | 3.239 | 03/24/25 | 336,668 | |||||||||||
TOTAL DIVERSIFIED FINANCIALS | 336,668 |
223 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
ENERGY - 0.0% | |||||||||||||||||
$ | 1,435,000 | i | California Resources Corp | LIBOR 3 M + 10.375% | 11.988 | % | 12/31/21 | $ | 67,646 | ||||||||
2,973,290 | i | Ultra Resources, Inc | LIBOR 3 M + 4.000% | 5.603 | 04/12/24 | 1,399,914 | |||||||||||
TOTAL ENERGY | 1,467,560 | ||||||||||||||||
FOOD & STAPLES RETAILING - 0.0% | |||||||||||||||||
1,121,250 | i | Give & Go Prepared Foods Corp | Prime 3 M + 3.250% | 6.500 | 07/29/23 | 1,094,620 | |||||||||||
TOTAL FOOD & STAPLES RETAILING | 1,094,620 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 0.0% | |||||||||||||||||
1,800,000 | i | Froneri US, Inc | LIBOR 1 M + 2.250% | 3.239 | 01/29/27 | 1,705,500 | |||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 1,705,500 | ||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.4% | |||||||||||||||||
2,030,365 | i | Change Healthcare Holdings LLC | LIBOR 1 M + 2.500% | 3.500 | 03/01/24 | 1,908,543 | |||||||||||
450,000 | i | Da Vinci Purchaser Corp | LIBOR 3 M + 4.000% | 5.872 | 01/08/27 | 423,000 | |||||||||||
2,491,039 | i | Endo Luxembourg Finance I Co Sarl | LIBOR 1 M + 4.250% | 5.250 | 04/29/24 | 2,223,252 | |||||||||||
994,859 | i | ExamWorks Group Inc | LIBOR 3 M and 6 M + 3.250% | 4.250 | 07/27/23 | 890,399 | |||||||||||
1,496,212 | i | Gentiva Health Services, Inc | LIBOR 1 M + 3.250% | 4.250 | 07/02/25 | 1,398,958 | |||||||||||
541,932 | i | Greatbatch Ltd | LIBOR 1 M + 2.500% | 3.510 | 10/27/22 | 506,707 | |||||||||||
1,744,778 | h,i | Jaguar Holding Co II | LIBOR 1 M + 2.500% | 3.500 | 08/18/22 | 1,660,662 | |||||||||||
1,452,650 | i | Midwest Physician Administrative Services LLC | LIBOR 1 M + 2.750% | 3.739 | 08/15/24 | 1,147,593 | |||||||||||
1,915,582 | i | Onex Schumacher Finance LP | LIBOR 3 M + 4.000% | 5.450 | 07/29/22 | 1,453,927 | |||||||||||
962,500 | i | Precyse Acquisition Corp | LIBOR 1 M + 4.500% | 5.500 | 10/20/22 | 801,281 | |||||||||||
2,767,907 | h,i | RegionalCare Hospital Partners Holdings, Inc | LIBOR 1 M + 3.750% | 4.739 | 11/16/25 | 2,555,138 | |||||||||||
2,000,000 | i | Select Medical Corp | LIBOR 1 M + 2.500% | 3.430 | 03/06/25 | 1,890,000 | |||||||||||
2,070,803 | i | Team Health Holdings, Inc | LIBOR 1 M + 2.750% | 3.750 | 02/06/24 | 1,294,252 | |||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 18,153,712 | ||||||||||||||||
INSURANCE - 0.1% | |||||||||||||||||
218,838 | i | Acrisure LLC | LIBOR 3 M + 3.500% | 5.207 | 02/15/27 | 192,577 | |||||||||||
1,568,488 | i | Asurion LLC | LIBOR 1 M + 3.000% | 3.989 | 08/04/22 | 1,479,602 | |||||||||||
331,251 | i | Asurion LLC | LIBOR 1 M + 3.000% | 3.989 | 11/03/23 | 314,688 | |||||||||||
800,000 | i | Asurion LLC | LIBOR 1 M + 6.500% | 7.489 | 08/04/25 | 729,000 | |||||||||||
997,500 | i | HUB International Ltd | LIBOR 3 M + 4.000% | 5.692 | 04/25/25 | 935,156 | |||||||||||
1,994,885 | i | USI, Inc | LIBOR 1 M + 3.000% | 3.989 | 05/16/24 | 1,815,345 | |||||||||||
TOTAL INSURANCE | 5,466,368 | ||||||||||||||||
MATERIALS - 0.2% | |||||||||||||||||
994,285 | i | Atotech Alpha 3 BV | LIBOR 3 M + 3.000% | 4.450 | 01/31/24 | 904,799 | |||||||||||
2,000,000 | i | Berry Global, Inc | LIBOR 1 M + 2.000% | 2.863 | 10/01/22 | 1,904,160 | |||||||||||
706,076 | i | Flex Acquisition Co, Inc | LIBOR 1 M and 3 M + 3.000% | 4.581 | 12/31/23 | 638,999 | |||||||||||
212,665 | i | H.B. Fuller Co | LIBOR 1 M + 2.000% | 2.773 | 10/21/24 | 183,291 | |||||||||||
1,180,875 | i | Messer Industries USA, Inc | LIBOR 3 M + 2.500% | 3.950 | 03/01/26 | 1,043,893 | |||||||||||
401,448 | i | Plastipak Holdings, Inc | LIBOR 1 M + 2.500% | 3.490 | 10/15/24 | 360,099 | |||||||||||
2,719,351 | h,i | Quikrete Holdings, Inc | LIBOR 1 M + 2.500% | 3.489 | 02/01/27 | 2,501,803 | |||||||||||
1,548,090 | h,i | Tronox Finance LLC | LIBOR 1 M and 3 M + 2.750% | 3.739 | 09/23/24 | 1,347,938 |
224 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,500,000 | i | Zekelman Industries, Inc | LIBOR 1 M + 2.250% | 3.209 | % | 01/25/27 | $ | 1,365,000 | ||||||||
TOTAL MATERIALS | 10,249,982 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 0.2% | |||||||||||||||||
300,000 | h,i | Banijay Group US Holding, Inc | LIBOR 1 M + 3.750% | 4.750 | 03/04/25 | 264,000 | |||||||||||
1,515,732 | i | CSC Holdings LLC | LIBOR 1 M + 2.250% | 2.862 | 07/17/25 | 1,442,477 | |||||||||||
995,000 | i | Diamond Sports Group LLC | LIBOR 1 M + 3.250% | 4.180 | 08/24/26 | 766,150 | |||||||||||
703,820 | i | EIG Investors Corp | LIBOR 3 M + 3.750% | 5.388 | 02/09/23 | 559,537 | |||||||||||
250,000 | i | GOBP Holdings, Inc | LIBOR 3 M + 2.750% | 3.744 | 10/22/25 | 230,625 | |||||||||||
450,000 | i | Match Group, Inc | LIBOR 3 M + 1.750% | 3.457 | 02/07/27 | 403,501 | |||||||||||
498,750 | i | Pregis TopCo Corp | LIBOR 1 M + 4.000% | 4.989 | 07/31/26 | 431,419 | |||||||||||
773,063 | i | Terrier Media Buyer, Inc | LIBOR 3 M + 4.250% | 5.700 | 12/17/26 | 682,228 | |||||||||||
2,996,147 | i | Univision Communications, Inc | LIBOR 1 M + 2.750% | 3.750 | 03/15/24 | 2,524,254 | |||||||||||
TOTAL MEDIA & ENTERTAINMENT | 7,304,191 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.1% | |||||||||||||||||
1,779,375 | i | Alphabet Holding Co, Inc | LIBOR 1 M + 3.500% | 4.489 | 09/26/24 | 1,406,703 | |||||||||||
1,946,632 | i | Bausch Health Americas, Inc | LIBOR 1 M + 3.000% | 3.612 | 06/02/25 | 1,842,000 | |||||||||||
997,169 | i | PAREXEL International Corp | LIBOR 1 M + 2.750% | 3.739 | 09/27/24 | 846,347 | |||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 4,095,050 | ||||||||||||||||
REAL ESTATE - 0.1% | |||||||||||||||||
2,765,000 | i | Cushman & Wakefield plc | LIBOR 1 M + 2.750% | 3.739 | 08/21/25 | 2,412,463 | |||||||||||
661,500 | i | Ten-X LLC | LIBOR 1 M and 3 M + 3.000% | 5.000 | 09/29/24 | 533,612 | |||||||||||
TOTAL REAL ESTATE | 2,946,075 | ||||||||||||||||
RETAILING - 0.1% | |||||||||||||||||
1,321,688 | i | Camelot Finance S.A. | LIBOR 1 M + 3.250% | 4.239 | 10/28/26 | 1,242,386 | |||||||||||
216,057 | †,i | FBB Holdings III, Inc | LIBOR 3 M + 9.000% | 10.000 | 02/07/24 | 64,817 | |||||||||||
891,627 | i | Men’s Wearhouse, Inc | LIBOR 1 M + 3.250% | 4.831 | 04/09/25 | 303,153 | |||||||||||
2,245,425 | i | PetSmart, Inc | LIBOR 3 M + 4.000% | 5.000 | 03/11/22 | 2,147,479 | |||||||||||
806,830 | i | Sally Holdings LLC | LIBOR 1 M + 2.250% | 3.240 | 07/05/24 | 677,737 | |||||||||||
1,960,188 | i | Staples, Inc | LIBOR 1 M + 5.000% | 6.515 | 04/16/26 | 1,538,747 | |||||||||||
TOTAL RETAILING | 5,974,319 | ||||||||||||||||
SOFTWARE & SERVICES - 0.1% | |||||||||||||||||
2,516,987 | i | DTI Holdco, Inc | LIBOR 3 M + 4.750% | 6.527 | 10/02/23 | 1,768,183 | |||||||||||
922,696 | i | Infor US, Inc | LIBOR 1 M + 2.750% | 3.750 | 02/01/22 | 884,404 | |||||||||||
2,107,000 | i | Mitchell International, Inc | LIBOR 1 M + 3.250% | 4.239 | 11/29/24 | 1,741,794 | |||||||||||
120,000 | i | Presidio Holdings, Inc | LIBOR 2 M + 3.500% | 5.280 | 01/22/27 | 111,600 | |||||||||||
1,750,000 | i | Web.com Group Inc | LIBOR 3 M + 3.750% | 4.945 | 10/10/25 | 1,426,250 | |||||||||||
TOTAL SOFTWARE & SERVICES | 5,932,231 | ||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1% | |||||||||||||||||
2,000,000 | i | Dell International LLC | LIBOR 1 M + 2.000% | 2.990 | 09/19/25 | 1,901,260 | |||||||||||
231,947 | †,i | MTS Systems Corp | LIBOR 1 M + 3.250% | 4.240 | 07/05/23 | 208,753 | |||||||||||
1,300,000 | i | Pitney Bowes, Inc | LIBOR 1 M + 5.500% | 6.490 | 01/17/25 | 1,105,000 | |||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 3,215,013 | ||||||||||||||||
TELECOMMUNICATION SERVICES - 0.1% | |||||||||||||||||
1,152,293 | i | CNT Holdings III Corp | LIBOR 3 M + 3.000% | 4.080 | 01/22/23 | 1,024,826 | |||||||||||
700,000 | i | Front Range BidCo, Inc | LIBOR 1 M + 3.000% | 3.989 | 03/09/27 | 658,000 |
225 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 994,962 | i | Sprint Communications, Inc | LIBOR 1 M + 3.000% | 4.000 | % | 02/02/24 | $ | 987,500 | ||||||||
TOTAL TELECOMMUNICATION SERVICES | 2,670,326 | ||||||||||||||||
TRANSPORTATION - 0.0% | |||||||||||||||||
2,000,000 | i | Genesee & Wyoming, Inc | LIBOR 3 M + 2.000% | 3.450 | 12/30/26 | 1,906,260 | |||||||||||
TOTAL TRANSPORTATION | 1,906,260 | ||||||||||||||||
UTILITIES - 0.1% | |||||||||||||||||
471,244 | i | AssuredPartners, Inc | LIBOR 1 M + 3.500% | 4.489 | 02/12/27 | 408,804 | |||||||||||
994,821 | †,i | Gopher Resource LLC | LIBOR 1 M + 3.250% | 4.250 | 03/06/25 | 880,416 | |||||||||||
1,546,125 | i | ProQuest LLC | LIBOR 1 M + 3.500% | 4.489 | 10/23/26 | 1,437,896 | |||||||||||
497,500 | i | Talen Energy Supply LLC | LIBOR 1 M + 3.750% | 4.739 | 06/26/26 | 430,338 | |||||||||||
TOTAL UTILITIES | 3,157,454 | ||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 109,749,824 | ||||||||||||||||
(Cost $129,092,981) | |||||||||||||||||
BONDS - 92.9% | |||||||||||||||||
CORPORATE BONDS - 37.8% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.4% | |||||||||||||||||
350,000 | g | Adient Global Holdings Ltd | 4.875 | 08/15/26 | 239,698 | ||||||||||||
720,000 | g | Allison Transmission, Inc | 5.000 | 10/01/24 | 698,400 | ||||||||||||
1,500,000 | g | Dana Financing Luxembourg SARL | 6.500 | 06/01/26 | 1,320,000 | ||||||||||||
575,000 | Dana, Inc | 5.375 | 11/15/27 | 465,750 | |||||||||||||
1,000,000 | Ford Motor Co | 7.450 | 07/16/31 | 720,000 | |||||||||||||
4,900,000 | g | Gates Global LLC | 6.250 | 01/15/26 | 4,336,500 | ||||||||||||
100,000 | General Motors Co | 5.000 | 10/01/28 | 87,683 | |||||||||||||
1,350,000 | General Motors Co | 6.600 | 04/01/36 | 1,174,898 | |||||||||||||
1,325,000 | General Motors Co | 6.250 | 10/02/43 | 1,052,249 | |||||||||||||
3,325,000 | General Motors Co | 5.200 | 04/01/45 | 2,635,402 | |||||||||||||
750,000 | General Motors Co | 6.750 | 04/01/46 | 599,694 | |||||||||||||
1,650,000 | g | Hyundai Capital America | 2.375 | 02/10/23 | 1,555,494 | ||||||||||||
1,650,000 | g | Hyundai Capital America | 3.000 | 02/10/27 | 1,530,638 | ||||||||||||
250,000 | g,o | IHO Verwaltungs GmbH | 4.750 | 09/15/26 | 195,000 | ||||||||||||
1,450,000 | Magna International, Inc | 3.625 | 06/15/24 | 1,508,857 | |||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 18,120,263 | ||||||||||||||||
BANKS - 8.1% | |||||||||||||||||
2,000,000 | g | Akbank TAS | 6.797 | 04/27/28 | 1,555,600 | ||||||||||||
2,450,000 | g | Australia & New Zealand Banking Group Ltd | 2.950 | 07/22/30 | 2,321,460 | ||||||||||||
2,425,000 | g | Banco del Estado de Chile | 4.125 | 10/07/20 | 2,431,087 | ||||||||||||
3,575,000 | g | Banco del Estado de Chile | 2.668 | 01/08/21 | 3,548,188 | ||||||||||||
2,375,000 | g | Banco del Estado de Chile | 2.704 | 01/09/25 | 2,210,555 | ||||||||||||
2,000,000 | g | Banco Internacional del Peru SAA Interbank | 3.375 | 01/18/23 | 1,890,000 | ||||||||||||
1,905,000 | Banco Santander S.A. | 3.800 | 02/23/28 | 1,869,408 | |||||||||||||
1,700,000 | Bancolombia S.A. | 3.000 | 01/29/25 | 1,523,217 | |||||||||||||
2,000,000 | Bancolombia S.A. | 4.625 | 12/18/29 | 1,750,000 | |||||||||||||
3,000,000 | g | Bank Leumi Le-Israel BM | 3.275 | 01/29/31 | 2,787,120 | ||||||||||||
10,000,000 | Bank of America Corp | 2.250 | 04/21/20 | 9,998,400 | |||||||||||||
2,150,000 | Bank of America Corp | 3.875 | 08/01/25 | 2,305,193 |
226 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 11,975,000 | Bank of America Corp | 2.456 | % | 10/22/25 | $ | 12,076,316 | ||||||||||
3,850,000 | Bank of America Corp | 4.250 | 10/22/26 | 4,108,166 | |||||||||||||
4,575,000 | Bank of America Corp | 3.559 | 04/23/27 | 4,788,422 | |||||||||||||
2,735,000 | Bank of America Corp | 3.248 | 10/21/27 | 2,856,417 | |||||||||||||
1,375,000 | Bank of America Corp | 3.824 | 01/20/28 | 1,426,156 | |||||||||||||
4,004,000 | Bank of America Corp | 3.419 | 12/20/28 | 4,134,220 | |||||||||||||
3,625,000 | Bank of America Corp | 2.884 | 10/22/30 | 3,619,891 | |||||||||||||
20,250,000 | Bank of America Corp | 2.496 | 02/13/31 | 19,428,236 | |||||||||||||
2,000,000 | Bank of America Corp | 4.083 | 03/20/51 | 2,270,346 | |||||||||||||
630,000 | Bank of America Corp | 6.300 | N/A‡ | 661,500 | |||||||||||||
7,000,000 | Bank of America Corp | 6.100 | N/A‡ | 7,070,000 | |||||||||||||
5,000,000 | g | Bank of Montreal | 2.500 | 01/11/22 | 5,155,924 | ||||||||||||
1,500,000 | Barclays plc | 4.338 | 05/16/24 | 1,447,112 | |||||||||||||
3,000,000 | Barclays plc | 3.932 | 05/07/25 | 2,879,035 | |||||||||||||
1,000,000 | g | BNG Bank NV | 3.125 | 11/08/21 | 1,041,537 | ||||||||||||
1,500,000 | g | BNG Bank NV | 1.500 | 10/16/24 | 1,548,713 | ||||||||||||
1,800,000 | g | BPCE S.A. | 4.625 | 07/11/24 | 1,769,696 | ||||||||||||
3,000,000 | Capital One NA | 2.650 | 08/08/22 | 2,970,738 | |||||||||||||
5,000,000 | CitiBank NA | 2.100 | 06/12/20 | 4,990,480 | |||||||||||||
6,735,000 | CitiBank NA | 2.850 | 02/12/21 | 6,767,653 | |||||||||||||
1,625,000 | Citigroup, Inc | 3.875 | 03/26/25 | 1,703,109 | |||||||||||||
5,895,000 | Citigroup, Inc | 3.200 | 10/21/26 | 6,105,654 | |||||||||||||
2,805,000 | Citigroup, Inc | 4.300 | 11/20/26 | 2,965,978 | |||||||||||||
6,070,000 | Citigroup, Inc | 4.450 | 09/29/27 | 6,364,741 | |||||||||||||
11,200,000 | Citigroup, Inc | 2.666 | 01/29/31 | 10,867,306 | |||||||||||||
8,300,000 | Citigroup, Inc | 4.412 | 03/31/31 | 9,132,295 | |||||||||||||
7,500,000 | Citigroup, Inc | 4.700 | N/A‡ | 6,487,500 | |||||||||||||
10,000,000 | Citigroup, Inc | 5.000 | N/A‡ | 9,141,600 | |||||||||||||
1,525,000 | Citizens Bank NA | 2.650 | 05/26/22 | 1,523,165 | |||||||||||||
1,380,000 | Cooperatieve Rabobank UA | 3.950 | 11/09/22 | 1,388,043 | |||||||||||||
1,350,000 | g | Cooperatieve Rabobank UA | 2.625 | 07/22/24 | 1,311,501 | ||||||||||||
5,725,000 | Cooperatieve Rabobank UA | 3.750 | 07/21/26 | 5,516,458 | |||||||||||||
2,325,000 | g | Credit Agricole S.A. | 3.250 | 10/04/24 | 2,328,935 | ||||||||||||
1,075,000 | g | Credit Agricole S.A. | 2.375 | 01/22/25 | 1,052,052 | ||||||||||||
830,000 | g | Danske Bank AS | 5.375 | 01/12/24 | 873,714 | ||||||||||||
1,525,000 | g | DBS Group Holdings Ltd | 4.520 | 12/11/28 | 1,581,977 | ||||||||||||
1,206,000 | Discover Bank | 3.200 | 08/09/21 | 1,200,298 | |||||||||||||
2,450,000 | Discover Bank | 2.450 | 09/12/24 | 2,347,264 | |||||||||||||
800,000 | Discover Bank | 4.250 | 03/13/26 | 801,560 | |||||||||||||
1,625,000 | Discover Bank | 3.450 | 07/27/26 | 1,588,937 | |||||||||||||
1,375,000 | Discover Bank | 2.700 | 02/06/30 | 1,195,332 | |||||||||||||
1,100,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 1,091,888 | |||||||||||||
2,200,000 | HSBC Holdings plc | 3.803 | 03/11/25 | 2,290,400 | |||||||||||||
1,775,000 | HSBC Holdings plc | 2.633 | 11/07/25 | 1,722,204 | |||||||||||||
1,300,000 | HSBC Holdings plc | 3.900 | 05/25/26 | 1,322,607 | |||||||||||||
5,675,000 | HSBC Holdings plc | 4.292 | 09/12/26 | 5,932,756 | |||||||||||||
630,000 | HSBC Holdings plc | 4.375 | 11/23/26 | 668,936 | |||||||||||||
1,250,000 | HSBC Holdings plc | 4.041 | 03/13/28 | 1,272,210 | |||||||||||||
1,325,000 | HSBC Holdings plc | 4.950 | 03/31/30 | 1,461,263 | |||||||||||||
2,200,000 | HSBC Holdings plc | 3.973 | 05/22/30 | 2,259,451 | |||||||||||||
990,000 | Huntington Bancshares, Inc | 4.000 | 05/15/25 | 1,036,449 | |||||||||||||
2,625,000 | Huntington National Bank | 2.500 | 08/07/22 | 2,631,376 | |||||||||||||
1,075,000 | g | ING Groep NV | 4.625 | 01/06/26 | 1,133,006 | ||||||||||||
1,100,000 | ING Groep NV | 3.950 | 03/29/27 | 1,099,797 |
227 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 2,175,000 | JPMorgan Chase & Co | 2.776 | % | 04/25/23 | $ | 2,202,522 | ||||||||||
700,000 | JPMorgan Chase & Co | 2.700 | 05/18/23 | 718,147 | |||||||||||||
5,000,000 | JPMorgan Chase & Co | 3.875 | 09/10/24 | 5,279,705 | |||||||||||||
660,000 | JPMorgan Chase & Co | 3.900 | 07/15/25 | 705,925 | |||||||||||||
5,525,000 | JPMorgan Chase & Co | 2.301 | 10/15/25 | 5,525,570 | |||||||||||||
350,000 | JPMorgan Chase & Co | 3.200 | 06/15/26 | 363,480 | |||||||||||||
13,880,000 | JPMorgan Chase & Co | 3.702 | 05/06/30 | 14,907,522 | |||||||||||||
3,825,000 | JPMorgan Chase & Co | 2.739 | 10/15/30 | 3,841,026 | |||||||||||||
5,000,000 | JPMorgan Chase & Co | 4.493 | 03/24/31 | 5,800,628 | |||||||||||||
1,250,000 | JPMorgan Chase & Co | 4.260 | 02/22/48 | 1,501,842 | |||||||||||||
6,300,000 | JPMorgan Chase & Co | 4.600 | N/A‡ | 5,513,760 | |||||||||||||
1,500,000 | JPMorgan Chase & Co | 6.750 | N/A‡ | 1,567,500 | |||||||||||||
6,400,000 | JPMorgan Chase & Co | 5.000 | N/A‡ | 6,000,000 | |||||||||||||
7,195,000 | JPMorgan Chase Bank NA | 3.086 | 04/26/21 | 7,192,001 | |||||||||||||
890,000 | Keycorp | 5.000 | N/A‡ | 774,300 | |||||||||||||
1,800,000 | Mitsubishi UFJ Financial Group, Inc | 2.193 | 02/25/25 | 1,782,237 | |||||||||||||
1,400,000 | Mitsubishi UFJ Financial Group, Inc | 2.559 | 02/25/30 | 1,345,537 | |||||||||||||
400,000 | MUFG Americas Holdings Corp | 3.500 | 06/18/22 | 407,636 | |||||||||||||
1,140,000 | Northern Trust Corp | 3.950 | 10/30/25 | 1,193,349 | |||||||||||||
3,500,000 | PNC Bank NA | 2.600 | 07/21/20 | 3,494,619 | |||||||||||||
1,275,000 | PNC Bank NA | 2.450 | 11/05/20 | 1,277,379 | |||||||||||||
1,200,000 | PNC Bank NA | 2.700 | 10/22/29 | 1,163,861 | |||||||||||||
2,500,000 | PNC Financial Services Group, Inc | 3.900 | 04/29/24 | 2,669,170 | |||||||||||||
10,000,000 | g | Royal Bank of Canada | 3.350 | 10/22/21 | 10,346,707 | ||||||||||||
2,900,000 | Royal Bank of Canada | 2.550 | 07/16/24 | 2,953,265 | |||||||||||||
2,325,000 | Santander Holdings USA, Inc | 3.400 | 01/18/23 | 2,296,899 | |||||||||||||
3,000,000 | g | Skandinaviska Enskilda Banken AB | 2.625 | 11/17/20 | 2,993,393 | ||||||||||||
3,675,000 | Sumitomo Mitsui Financial Group, Inc | 2.778 | 10/18/22 | 3,725,544 | |||||||||||||
2,250,000 | Sumitomo Mitsui Financial Group, Inc | 2.696 | 07/16/24 | 2,248,653 | |||||||||||||
2,700,000 | Toronto-Dominion Bank | 1.850 | 09/11/20 | 2,696,539 | |||||||||||||
475,000 | Toronto-Dominion Bank | 3.625 | 09/15/31 | 472,345 | |||||||||||||
1,350,000 | Truist Bank | 3.525 | 10/26/21 | 1,351,155 | |||||||||||||
575,000 | Truist Bank | 2.750 | 05/01/23 | 582,097 | |||||||||||||
1,225,000 | Truist Bank | 2.150 | 12/06/24 | 1,213,437 | |||||||||||||
1,195,000 | Truist Financial Corp | 5.050 | N/A‡ | 1,063,550 | |||||||||||||
5,055,000 | Truist Financial Corp | 4.800 | N/A‡ | 4,347,300 | |||||||||||||
1,775,000 | g | UBS Group AG. | 3.126 | 08/13/30 | 1,731,780 | ||||||||||||
1,700,000 | g | United Overseas Bank Ltd | 3.750 | 04/15/29 | 1,763,272 | ||||||||||||
23,900,000 | Wells Fargo Bank NA | 2.082 | 09/09/22 | 23,786,987 | |||||||||||||
5,000,000 | Westpac Banking Corp | 2.750 | 01/11/23 | 5,087,577 | |||||||||||||
1,300,000 | Westpac Banking Corp | 4.110 | 07/24/34 | 1,261,559 | |||||||||||||
TOTAL BANKS | 369,750,323 | ||||||||||||||||
CAPITAL GOODS - 0.9% | |||||||||||||||||
2,500,000 | g | Adaro Indonesia PT | 4.250 | 10/31/24 | 2,038,750 | ||||||||||||
1,300,000 | Anixter, Inc | 5.125 | 10/01/21 | 1,308,788 | |||||||||||||
1,500,000 | Anixter, Inc | 6.000 | 12/01/25 | 1,468,125 | |||||||||||||
325,000 | g | Beacon Roofing Supply, Inc | 4.500 | 11/15/26 | 299,910 | ||||||||||||
2,000,000 | g | BOC Aviation Ltd | 3.000 | 09/11/29 | 1,959,260 | ||||||||||||
2,250,000 | g | Carrier Global Corp | 2.722 | 02/15/30 | 2,070,208 | ||||||||||||
600,000 | g | Cloud Crane LLC | 10.125 | 08/01/24 | 472,500 | ||||||||||||
115,000 | General Electric Co | 6.875 | 01/10/39 | 143,472 | |||||||||||||
1,250,000 | g | Gold Fields Orogen Holdings BVI Ltd | 6.125 | 05/15/29 | 1,181,250 |
228 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 2,595,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.800 | % | 03/21/29 | $ | 2,623,658 | ||||||||||
1,590,000 | John Deere Capital Corp | 2.650 | 06/24/24 | 1,565,393 | |||||||||||||
700,000 | Lam Research Corp | 3.750 | 03/15/26 | 742,666 | |||||||||||||
775,000 | Lam Research Corp | 4.000 | 03/15/29 | 880,009 | |||||||||||||
500,000 | g | Land O’ Lakes, Inc | 8.000 | N/A‡ | 450,000 | ||||||||||||
1,675,000 | Lockheed Martin Corp | 2.500 | 11/23/20 | 1,678,829 | |||||||||||||
375,000 | g | Molex Electronic Technologies LLC | 3.900 | 04/15/25 | 403,583 | ||||||||||||
467,000 | Mosaic Co | 4.875 | 11/15/41 | 376,640 | |||||||||||||
3,000,000 | g | NBM US Holdings, Inc | 6.625 | 08/06/29 | 2,700,000 | ||||||||||||
1,925,000 | Northrop Grumman Corp | 3.250 | 01/15/28 | 2,019,618 | |||||||||||||
1,150,000 | g | Otis Worldwide Corp | 2.565 | 02/15/30 | 1,113,813 | ||||||||||||
4,615,000 | Parker-Hannifin Corp | 3.250 | 06/14/29 | 4,656,867 | |||||||||||||
1,300,000 | Roper Technologies, Inc | 3.800 | 12/15/26 | 1,336,630 | |||||||||||||
1,000,000 | Roper Technologies, Inc | 2.950 | 09/15/29 | 993,642 | |||||||||||||
200,000 | Trimble, Inc | 4.900 | 06/15/28 | 215,420 | |||||||||||||
677,000 | United Technologies Corp | 3.650 | 08/16/23 | 711,815 | |||||||||||||
4,450,000 | United Technologies Corp | 4.125 | 11/16/28 | 4,912,372 | |||||||||||||
1,725,000 | United Technologies Corp | 4.500 | 06/01/42 | 2,003,214 | |||||||||||||
TOTAL CAPITAL GOODS | 40,326,432 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.7% | |||||||||||||||||
770,000 | ADT Corp | 4.125 | 06/15/23 | 752,667 | |||||||||||||
1,650,000 | AECOM | 5.875 | 10/15/24 | 1,612,875 | |||||||||||||
800,000 | g | ASGN, Inc | 4.625 | 05/15/28 | 750,000 | ||||||||||||
2,763,323 | g | British Airways | 3.800 | 09/20/31 | 2,486,990 | ||||||||||||
250,000 | g | GFL Environmental, Inc | 5.125 | 12/15/26 | 243,750 | ||||||||||||
400,000 | g | KAR Auction Services, Inc | 5.125 | 06/01/25 | 382,000 | ||||||||||||
775,000 | g | Prime Security Services Borrower LLC | 5.250 | 04/15/24 | 765,537 | ||||||||||||
2,750,000 | g | Prime Security Services Borrower LLC | 5.750 | 04/15/26 | 2,695,000 | ||||||||||||
725,000 | g | Prime Security Services Borrower LLC | 6.250 | 01/15/28 | 625,313 | ||||||||||||
1,000,000 | Republic Services, Inc | 3.550 | 06/01/22 | 1,025,894 | |||||||||||||
1,550,000 | Republic Services, Inc | 2.900 | 07/01/26 | 1,566,710 | |||||||||||||
200,000 | g | Ritchie Bros Auctioneers, Inc | 5.375 | 01/15/25 | 202,000 | ||||||||||||
675,000 | RR Donnelley & Sons Co | 6.500 | 11/15/23 | 675,000 | |||||||||||||
590,000 | g | Standard Chartered plc | 7.500 | N/A‡ | 575,610 | ||||||||||||
925,000 | United Rentals North America, Inc | 5.500 | 07/15/25 | 906,500 | |||||||||||||
1,125,000 | United Rentals North America, Inc | 6.500 | 12/15/26 | 1,141,875 | |||||||||||||
4,725,000 | Visa, Inc | 2.050 | 04/15/30 | 4,718,149 | |||||||||||||
550,000 | Visa, Inc | 2.700 | 04/15/40 | 545,952 | |||||||||||||
1,550,000 | Waste Management, Inc | 2.900 | 09/15/22 | 1,556,519 | |||||||||||||
900,000 | Waste Management, Inc | 2.950 | 06/15/24 | 915,123 | |||||||||||||
2,100,000 | Waste Management, Inc | 3.150 | 11/15/27 | 2,169,472 | |||||||||||||
1,800,000 | Waste Management, Inc | 3.450 | 06/15/29 | 1,926,218 | |||||||||||||
550,000 | Waste Management, Inc | 4.100 | 03/01/45 | 610,088 | |||||||||||||
850,000 | Waste Management, Inc | 4.150 | 07/15/49 | 977,492 | |||||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 29,826,734 | ||||||||||||||||
CONSUMER DURABLES & APPAREL - 0.1% | |||||||||||||||||
1,000,000 | DR Horton, Inc | 5.750 | 08/15/23 | 1,032,154 | |||||||||||||
325,000 | g | Hanesbrands, Inc | 4.625 | 05/15/24 | 321,750 | ||||||||||||
400,000 | Leggett & Platt, Inc | 4.400 | 03/15/29 | 412,934 | |||||||||||||
2,250,000 | Lennar Corp | 4.500 | 04/30/24 | 2,200,590 | |||||||||||||
1,870,000 | Lennar Corp | 5.875 | 11/15/24 | 1,891,505 | |||||||||||||
1,100,000 | g | LGI Homes, Inc | 6.875 | 07/15/26 | 957,000 | ||||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 6,815,933 |
229 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
CONSUMER SERVICES - 0.5% | |||||||||||||||||
$ | 8,000,000 | Anheuser-Busch Cos LLC | 3.650 | % | 02/01/26 | $ | 8,402,004 | ||||||||||
3,095,000 | Anheuser-Busch Cos LLC | 4.900 | 02/01/46 | 3,378,214 | |||||||||||||
600,000 | Boyd Gaming Corp | 6.375 | 04/01/26 | 519,000 | |||||||||||||
900,000 | Boyd Gaming Corp | 6.000 | 08/15/26 | 774,000 | |||||||||||||
1,200,000 | g | Cott Holdings, Inc | 5.500 | 04/01/25 | 1,164,000 | ||||||||||||
1,070,000 | g | International Game Technology plc | 6.250 | 02/15/22 | 983,876 | ||||||||||||
2,070,000 | g | International Game Technology plc | 6.500 | 02/15/25 | 1,831,722 | ||||||||||||
2,355,000 | Nature Conservancy | 2.843 | 02/01/24 | 2,357,523 | |||||||||||||
2,745,000 | Northwestern University | 3.812 | 12/01/50 | 2,895,520 | |||||||||||||
1,400,000 | Sands China Ltd | 5.400 | 08/08/28 | 1,311,814 | |||||||||||||
325,000 | g | Scientific Games International, Inc | 5.000 | 10/15/25 | 282,750 | ||||||||||||
100,000 | g | Yum! Brands, Inc | 7.750 | 04/01/25 | 105,000 | ||||||||||||
TOTAL CONSUMER SERVICES | 24,005,423 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 4.6% | |||||||||||||||||
2,000,000 | AerCap Ireland Capital DAC | 4.625 | 07/01/22 | 1,619,588 | |||||||||||||
900,000 | AerCap Ireland Capital DAC | 3.650 | 07/21/27 | 697,492 | |||||||||||||
3,200,000 | American Express Co | 2.500 | 08/01/22 | 3,255,304 | |||||||||||||
2,312,000 | American Express Co | 3.700 | 08/03/23 | 2,429,003 | |||||||||||||
975,000 | Ameriprise Financial, Inc | 3.000 | 03/22/22 | 986,979 | |||||||||||||
1,500,000 | Australia & New Zealand Banking Group Ltd | 2.625 | 05/19/22 | 1,521,740 | |||||||||||||
2,000,000 | g | Banco BTG Pactual S.A. | 4.500 | 01/10/25 | 1,740,000 | ||||||||||||
1,380,000 | g | Banco Mercantil del Norte S.A. | 6.750 | N/A‡ | 1,052,526 | ||||||||||||
1,275,000 | Bank of Montreal | 3.803 | 12/15/32 | 1,238,414 | |||||||||||||
2,850,000 | g | BBVA Bancomer S.A. | 5.125 | 01/18/33 | 2,359,800 | ||||||||||||
1,200,000 | Berkshire Hathaway, Inc | 3.125 | 03/15/26 | 1,285,734 | |||||||||||||
3,300,000 | g | BNP Paribas S.A. | 2.819 | 11/19/25 | 3,260,186 | ||||||||||||
100,000 | g | BNP Paribas S.A. | 4.375 | 05/12/26 | 102,363 | ||||||||||||
2,200,000 | g | BNP Paribas S.A. | 3.052 | 01/13/31 | 2,084,697 | ||||||||||||
925,000 | g | BNP Paribas S.A. | 6.625 | N/A‡ | 816,312 | ||||||||||||
3,500,000 | g,i | Caelus Re V Ltd | US Treasury Bill 3 M + 3.130% | 3.140 | 06/05/20 | 3,328,500 | |||||||||||
2,825,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 2,763,839 | |||||||||||||
1,055,000 | Capital One Financial Corp | 3.750 | 03/09/27 | 1,032,749 | |||||||||||||
2,850,000 | g | Comcel Trust | 6.875 | 02/06/24 | 2,764,528 | ||||||||||||
2,500,000 | g | Credit Suisse Group AG. | 2.997 | 12/14/23 | 2,433,682 | ||||||||||||
775,000 | g | Credit Suisse Group AG. | 4.282 | 01/09/28 | 793,650 | ||||||||||||
4,000,000 | g | Credit Suisse Group AG. | 6.375 | N/A‡ | 3,510,800 | ||||||||||||
4,075,000 | Credit Suisse Group Funding Guernsey Ltd | 3.800 | 06/09/23 | 4,167,699 | |||||||||||||
2,325,000 | Credit Suisse Group Funding Guernsey Ltd | 3.750 | 03/26/25 | 2,349,269 | |||||||||||||
1,550,000 | Ford Motor Credit Co LLC | 2.425 | 06/12/20 | 1,507,375 | |||||||||||||
1,000,000 | Ford Motor Credit Co LLC | 5.750 | 02/01/21 | 970,000 | |||||||||||||
1,775,000 | Ford Motor Credit Co LLC | 3.096 | 05/04/23 | 1,570,875 | |||||||||||||
1,140,000 | Ford Motor Credit Co LLC | 5.584 | 03/18/24 | 1,057,350 | |||||||||||||
10,000,000 | GE Capital International Funding Co | 2.342 | 11/15/20 | 9,943,400 | |||||||||||||
1,775,000 | GE Capital International Funding Co | 3.373 | 11/15/25 | 1,784,196 | |||||||||||||
8,900,000 | GE Capital International Funding Co | 4.418 | 11/15/35 | 9,615,297 | |||||||||||||
1,800,000 | General Motors Financial Co, Inc | 5.650 | 01/17/29 | 1,612,390 | |||||||||||||
7,600,000 | Goldman Sachs Group, Inc | 2.625 | 04/25/21 | 7,605,641 | |||||||||||||
660,000 | Goldman Sachs Group, Inc | 5.250 | 07/27/21 | 686,111 | |||||||||||||
2,230,000 | Goldman Sachs Group, Inc | 5.750 | 01/24/22 | 2,366,075 |
230 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,250,000 | Goldman Sachs Group, Inc | 4.000 | % | 03/03/24 | $ | 1,310,849 | ||||||||||
1,050,000 | Goldman Sachs Group, Inc | 3.500 | 01/23/25 | 1,076,419 | |||||||||||||
10,625,000 | Goldman Sachs Group, Inc | 3.691 | 06/05/28 | 10,918,778 | |||||||||||||
2,550,000 | Goldman Sachs Group, Inc | 2.600 | 02/07/30 | 2,395,876 | |||||||||||||
1,300,000 | Goldman Sachs Group, Inc | 4.017 | 10/31/38 | 1,305,439 | |||||||||||||
1,425,000 | Goldman Sachs Group, Inc | 4.800 | 07/08/44 | 1,679,011 | |||||||||||||
8,050,000 | Goldman Sachs Group, Inc | 5.500 | N/A‡ | 7,736,936 | |||||||||||||
2,500,000 | g | Grupo Aval Ltd | 4.375 | 02/04/30 | 2,006,250 | ||||||||||||
2,000,000 | g | High Street Funding Trust I | 4.111 | 02/15/28 | 1,978,835 | ||||||||||||
925,000 | Icahn Enterprises LP | 5.250 | 05/15/27 | 854,469 | |||||||||||||
2,000,000 | ICICI Bank Ltd | 3.125 | 08/12/20 | 1,988,654 | |||||||||||||
2,000,000 | International Lease Finance Corp | 5.875 | 08/15/22 | 1,787,945 | |||||||||||||
425,000 | Legg Mason, Inc | 3.950 | 07/15/24 | 421,770 | |||||||||||||
1,550,000 | Morgan Stanley | 5.500 | 07/28/21 | 1,609,117 | |||||||||||||
6,550,000 | Morgan Stanley | 3.125 | 01/23/23 | 6,699,085 | |||||||||||||
8,995,000 | Morgan Stanley | 2.720 | 07/22/25 | 9,106,349 | |||||||||||||
7,925,000 | Morgan Stanley | 3.125 | 07/27/26 | 8,192,015 | |||||||||||||
2,000,000 | Morgan Stanley | 3.625 | 01/20/27 | 2,114,102 | |||||||||||||
1,480,000 | Morgan Stanley | 3.950 | 04/23/27 | 1,541,942 | |||||||||||||
1,850,000 | Morgan Stanley | 2.699 | 01/22/31 | 1,810,344 | |||||||||||||
5,000,000 | Morgan Stanley | 3.622 | 04/01/31 | 5,203,694 | |||||||||||||
2,500,000 | Morgan Stanley | 5.597 | 03/24/51 | 3,531,177 | |||||||||||||
2,375,000 | g | Power Finance Corp Ltd | 3.950 | 04/23/30 | 2,002,600 | ||||||||||||
1,715,000 | g | Quicken Loans, Inc | 5.250 | 01/15/28 | 1,676,927 | ||||||||||||
5,000,000 | g,i | Sanders Re Ltd | LIBOR 6 M + 2.990% | 4.591 | 12/06/21 | 4,740,000 | |||||||||||
5,775,000 | Shire Acquisitions Investments Ireland DAC | 3.200 | 09/23/26 | 5,906,244 | |||||||||||||
1,500,000 | g,i | Sierra Ltd | 3.314 | 12/28/22 | 1,497,150 | ||||||||||||
870,000 | g | Societe Generale SA | 6.750 | N/A‡ | 725,363 | ||||||||||||
600,000 | Springleaf Finance Corp | 6.125 | 03/15/24 | 592,566 | |||||||||||||
1,350,000 | Springleaf Finance Corp | 5.375 | 11/15/29 | 1,235,952 | |||||||||||||
700,000 | g | Swiss Re Finance Luxembourg SA | 5.000 | 04/02/49 | 710,012 | ||||||||||||
55,000 | Synchrony Financial | 2.850 | 07/25/22 | 52,394 | |||||||||||||
3,000,000 | Synchrony Financial | 4.250 | 08/15/24 | 2,888,465 | |||||||||||||
850,000 | g | UBS AG. | 2.450 | 12/01/20 | 846,875 | ||||||||||||
1,875,000 | g | UBS Group AG. | 2.859 | 08/15/23 | 1,858,757 | ||||||||||||
1,975,000 | Unilever Capital Corp | 2.900 | 05/05/27 | 2,093,763 | |||||||||||||
1,355,000 | Wells Fargo & Co | 4.600 | 04/01/21 | 1,384,420 | |||||||||||||
2,075,000 | Wells Fargo & Co | 3.750 | 01/24/24 | 2,196,732 | |||||||||||||
1,050,000 | Wells Fargo & Co | 3.550 | 09/29/25 | 1,107,444 | |||||||||||||
2,800,000 | Wells Fargo & Co | 3.000 | 04/22/26 | 2,881,994 | |||||||||||||
6,850,000 | Wells Fargo & Co | 2.879 | 10/30/30 | 6,792,660 | |||||||||||||
1,500,000 | Wells Fargo & Co | 5.875 | N/A‡ | 1,522,500 | |||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 204,295,438 | ||||||||||||||||
ENERGY - 2.9% | |||||||||||||||||
1,450,000 | g | Abu Dhabi Crude Oil Pipeline LLC | 4.600 | 11/02/47 | 1,449,179 | ||||||||||||
400,000 | AmeriGas Partners LP | 5.875 | 08/20/26 | 383,120 | |||||||||||||
1,175,000 | g | Antero Midstream Partners LP | 5.750 | 03/01/27 | 752,000 | ||||||||||||
3,950,000 | g | Archrock Partners LP | 6.875 | 04/01/27 | 2,804,895 | ||||||||||||
1,185,000 | Baker Hughes a GE Co LLC | 2.773 | 12/15/22 | 1,127,928 | |||||||||||||
3,300,000 | BP Capital Markets America, Inc | 3.000 | 02/24/50 | 3,068,012 | |||||||||||||
850,000 | BP Capital Markets plc | 2.520 | 09/19/22 | 841,453 | |||||||||||||
173,000 | † | California Resources Corp | 6.000 | 11/15/24 | 3,460 | ||||||||||||
2,550,000 | Calumet Specialty Products Partners LP | 7.750 | 04/15/23 | 1,759,500 |
231 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 2,250,000 | Cheniere Energy Partners LP | 5.625 | % | 10/01/26 | $ | 2,092,500 | ||||||||||
1,538,000 | † | Cloud Peak Energy Resources LLC | 12.000 | 11/01/21 | 0 | ||||||||||||
222,731 | Cloud Peak Energy, Inc | 9.000 | 10/24/24 | 111,366 | |||||||||||||
351,682 | Cloud Peak Energy, Inc | 12.000 | 05/01/25 | 175,841 | |||||||||||||
45,000 | ConocoPhillips Co | 6.500 | 02/01/39 | 56,797 | |||||||||||||
2,325,000 | Crestwood Midstream Partners LP | 5.750 | 04/01/25 | 1,331,202 | |||||||||||||
2,500,000 | g | Denbury Resources, Inc | 7.750 | 02/15/24 | 375,500 | ||||||||||||
2,975,000 | Diamondback Energy, Inc | 2.875 | 12/01/24 | 2,078,359 | |||||||||||||
2,125,000 | Diamondback Energy, Inc | 3.250 | 12/01/26 | 1,499,652 | |||||||||||||
3,000,000 | Diamondback Energy, Inc | 3.500 | 12/01/29 | 2,115,636 | |||||||||||||
1,975,000 | Ecopetrol S.A. | 5.875 | 05/28/45 | 1,749,870 | |||||||||||||
2,450,000 | Enbridge, Inc | 3.125 | 11/15/29 | 2,264,182 | |||||||||||||
6,420,000 | Energy Transfer Operating LP | 3.600 | 02/01/23 | 5,707,417 | |||||||||||||
5,930,000 | Energy Transfer Operating LP | 4.200 | 09/15/23 | 5,179,577 | |||||||||||||
1,375,000 | Energy Transfer Operating LP | 2.900 | 05/15/25 | 1,161,034 | |||||||||||||
1,675,000 | Energy Transfer Operating LP | 4.750 | 01/15/26 | 1,480,060 | |||||||||||||
2,000,000 | Energy Transfer Operating LP | 4.950 | 06/15/28 | 1,655,784 | |||||||||||||
575,000 | Energy Transfer Operating LP | 5.250 | 04/15/29 | 486,902 | |||||||||||||
3,075,000 | Energy Transfer Operating LP | 3.750 | 05/15/30 | 2,408,479 | |||||||||||||
2,100,000 | Energy Transfer Operating LP | 6.250 | 04/15/49 | 1,777,251 | |||||||||||||
3,300,000 | Energy Transfer Operating LP | 5.000 | 05/15/50 | 2,547,344 | |||||||||||||
1,105,000 | Enterprise Products Operating LLC | 2.800 | 02/15/21 | 1,103,473 | |||||||||||||
1,025,000 | Enterprise Products Operating LLC | 3.700 | 02/15/26 | 1,023,038 | |||||||||||||
1,550,000 | Enterprise Products Operating LLC | 3.125 | 07/31/29 | 1,427,919 | |||||||||||||
200,000 | Enterprise Products Operating LLC | 2.800 | 01/31/30 | 181,724 | |||||||||||||
750,000 | Enterprise Products Operating LLC | 4.900 | 05/15/46 | 721,907 | |||||||||||||
1,025,000 | Enterprise Products Operating LLC | 4.250 | 02/15/48 | 957,293 | |||||||||||||
1,600,000 | Enterprise Products Operating LLC | 4.800 | 02/01/49 | 1,601,816 | |||||||||||||
1,105,000 | Enterprise Products Operating LLC | 4.200 | 01/31/50 | 1,034,671 | |||||||||||||
3,875,000 | Enterprise Products Operating LLC | 3.700 | 01/31/51 | 3,457,941 | |||||||||||||
1,525,000 | Enterprise Products Operating LLC | 3.950 | 01/31/60 | 1,283,389 | |||||||||||||
2,250,000 | g | Gazprom OAO Via Gaz Capital S.A. | 5.150 | 02/11/26 | 2,349,868 | ||||||||||||
675,000 | Genesis Energy LP | 6.500 | 10/01/25 | 487,890 | |||||||||||||
3,750,000 | Genesis Energy LP | 6.250 | 05/15/26 | 2,681,250 | |||||||||||||
3,000,000 | g | Geopark Ltd | 5.500 | 01/17/27 | 1,425,000 | ||||||||||||
1,700,000 | g | KazMunayGas National Co JSC | 5.375 | 04/24/30 | 1,665,172 | ||||||||||||
940,000 | Kinder Morgan Energy Partners LP | 5.400 | 09/01/44 | 934,253 | |||||||||||||
1,000,000 | Kinder Morgan, Inc | 3.450 | 02/15/23 | 977,315 | |||||||||||||
400,000 | Kinder Morgan, Inc | 5.300 | 12/01/34 | 385,580 | |||||||||||||
1,950,000 | Marathon Oil Corp | 4.400 | 07/15/27 | 1,301,889 | |||||||||||||
2,200,000 | Marathon Petroleum Corp | 3.800 | 04/01/28 | 1,982,453 | |||||||||||||
700,000 | Marathon Petroleum Corp | 4.750 | 09/15/44 | 532,757 | |||||||||||||
225,000 | g | MPLX LP | 6.375 | 05/01/24 | 213,837 | ||||||||||||
550,000 | g | MPLX LP | 5.250 | 01/15/25 | 484,113 | ||||||||||||
1,475,000 | MPLX LP | 4.875 | 06/01/25 | 1,214,679 | |||||||||||||
2,900,000 | MPLX LP | 4.000 | 03/15/28 | 2,577,311 | |||||||||||||
3,125,000 | MPLX LP | 4.500 | 04/15/38 | 2,442,399 | |||||||||||||
1,550,000 | MPLX LP | 4.700 | 04/15/48 | 1,199,902 | |||||||||||||
3,067,000 | Murphy Oil Corp | 5.875 | 12/01/27 | 1,603,428 | |||||||||||||
450,000 | Murphy Oil USA, Inc | 5.625 | 05/01/27 | 440,910 | |||||||||||||
300,000 | Noble Energy, Inc | 3.900 | 11/15/24 | 247,477 | |||||||||||||
400,000 | Noble Energy, Inc | 3.850 | 01/15/28 | 283,176 | |||||||||||||
2,075,000 | Noble Energy, Inc | 5.050 | 11/15/44 | 1,281,659 |
232 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 800,000 | Occidental Petroleum Corp | 5.550 | % | 03/15/26 | $ | 426,650 | ||||||||||
2,375,000 | Occidental Petroleum Corp | 3.500 | 08/15/29 | 1,116,370 | |||||||||||||
1,200,000 | Occidental Petroleum Corp | 4.300 | 08/15/39 | 510,237 | |||||||||||||
475,000 | Occidental Petroleum Corp | 4.100 | 02/15/47 | 202,895 | |||||||||||||
2,500,000 | ONEOK, Inc | 4.000 | 07/13/27 | 2,057,884 | |||||||||||||
3,050,000 | ONEOK, Inc | 4.350 | 03/15/29 | 2,486,790 | |||||||||||||
5,740,000 | ONEOK, Inc | 3.400 | 09/01/29 | 4,289,263 | |||||||||||||
1,650,000 | ONEOK, Inc | 3.100 | 03/15/30 | 1,240,512 | |||||||||||||
1,650,000 | ONEOK, Inc | 4.500 | 03/15/50 | 1,242,335 | |||||||||||||
850,000 | g | Pertamina Persero PT | 3.650 | 07/30/29 | 778,506 | ||||||||||||
2,425,000 | g | Peru LNG Srl | 5.375 | 03/22/30 | 1,430,750 | ||||||||||||
2,314,000 | g | Petrobras Global Finance BV | 5.093 | 01/15/30 | 2,111,525 | ||||||||||||
2,000,000 | Petrobras Global Finance BV | 6.900 | 03/19/49 | 1,949,800 | |||||||||||||
2,800,000 | Petroleos Mexicanos | 6.500 | 03/13/27 | 2,072,280 | |||||||||||||
1,250,000 | Petroleos Mexicanos | 5.350 | 02/12/28 | 862,500 | |||||||||||||
1,992,000 | g | Petroleos Mexicanos | 6.840 | 01/23/30 | 1,441,252 | ||||||||||||
2,700,000 | g | Petroleos Mexicanos | 5.950 | 01/28/31 | 1,856,520 | ||||||||||||
625,000 | Phillips 66 Partners LP | 3.150 | 12/15/29 | 512,191 | |||||||||||||
1,025,000 | Phillips 66 Partners LP | 4.680 | 02/15/45 | 839,283 | |||||||||||||
475,000 | Regency Energy Partners LP | 4.500 | 11/01/23 | 430,271 | |||||||||||||
705,000 | Sabine Pass Liquefaction LLC | 5.875 | 06/30/26 | 671,476 | |||||||||||||
1,950,000 | Sabine Pass Liquefaction LLC | 4.200 | 03/15/28 | 1,674,681 | |||||||||||||
1,300,000 | Shell International Finance BV | 2.875 | 05/10/26 | 1,339,739 | |||||||||||||
1,350,000 | Shell International Finance BV | 3.125 | 11/07/49 | 1,346,842 | |||||||||||||
1,400,000 | SM Energy Co | 6.125 | 11/15/22 | 592,379 | |||||||||||||
1,275,000 | SM Energy Co | 6.625 | 01/15/27 | 371,108 | |||||||||||||
1,790,000 | g | Stena AB | 7.000 | 02/01/24 | 1,449,900 | ||||||||||||
705,000 | Suncor Energy, Inc | 6.800 | 05/15/38 | 745,310 | |||||||||||||
1,400,000 | Sunoco Logistics Partners Operations LP | 4.000 | 10/01/27 | 1,108,073 | |||||||||||||
600,000 | Sunoco Logistics Partners Operations LP | 5.400 | 10/01/47 | 476,389 | |||||||||||||
250,000 | Sunoco LP | 4.875 | 01/15/23 | 241,417 | |||||||||||||
1,500,000 | Targa Resources Partners LP | 5.875 | 04/15/26 | 1,248,750 | |||||||||||||
525,000 | Targa Resources Partners LP | 6.500 | 07/15/27 | 447,563 | |||||||||||||
5,200,000 | TransCanada PipeLines Ltd | 4.250 | 05/15/28 | 5,311,807 | |||||||||||||
730,625 | g | Transocean Guardian Ltd | 5.875 | 01/15/24 | 584,500 | ||||||||||||
2,500,000 | †,g | Tullow Oil plc | 7.000 | 03/01/25 | 625,000 | ||||||||||||
1,600,000 | USA Compression Partners LP | 6.875 | 04/01/26 | 1,000,000 | |||||||||||||
1,075,000 | USA Compression Partners LP | 6.875 | 09/01/27 | 666,500 | |||||||||||||
2,100,000 | g | YPF S.A. | 6.950 | 07/21/27 | 1,082,130 | ||||||||||||
TOTAL ENERGY | 136,791,167 | ||||||||||||||||
FOOD & STAPLES RETAILING - 1.0% | |||||||||||||||||
1,775,000 | CVS Health Corp | 2.625 | 08/15/24 | 1,780,315 | |||||||||||||
2,625,000 | CVS Health Corp | 4.100 | 03/25/25 | 2,762,594 | |||||||||||||
4,350,000 | CVS Health Corp | 2.875 | 06/01/26 | 4,382,247 | |||||||||||||
5,270,000 | CVS Health Corp | 4.300 | 03/25/28 | 5,596,760 | |||||||||||||
2,375,000 | CVS Health Corp | 3.750 | 04/01/30 | 2,457,386 | |||||||||||||
5,175,000 | CVS Health Corp | 4.780 | 03/25/38 | 5,683,500 | |||||||||||||
2,425,000 | CVS Health Corp | 5.050 | 03/25/48 | 2,753,844 | |||||||||||||
1,125,000 | CVS Health Corp | 4.250 | 04/01/50 | 1,169,584 | |||||||||||||
1,869,000 | Ingles Markets, Inc | 5.750 | 06/15/23 | 1,859,655 | |||||||||||||
1,150,000 | Kroger Co | 3.700 | 08/01/27 | 1,232,472 | |||||||||||||
1,800,000 | Kroger Co | 3.875 | 10/15/46 | 1,764,717 | |||||||||||||
325,000 | Kroger Co | 4.450 | 02/01/47 | 357,361 |
233 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 675,000 | SYSCO Corp | 3.300 | % | 07/15/26 | $ | 643,269 | ||||||||||
5,700,000 | Walmart, Inc | 3.700 | 06/26/28 | 6,408,140 | |||||||||||||
2,350,000 | Walmart, Inc | 3.250 | 07/08/29 | 2,585,148 | |||||||||||||
4,075,000 | Walmart, Inc | 2.375 | 09/24/29 | 4,225,823 | |||||||||||||
1,550,000 | Walmart, Inc | 3.950 | 06/28/38 | 1,829,514 | |||||||||||||
TOTAL FOOD & STAPLES RETAILING | 47,492,329 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 1.2% | |||||||||||||||||
1,725,000 | Altria Group, Inc | 4.800 | 02/14/29 | 1,804,914 | |||||||||||||
1,400,000 | Altria Group, Inc | 5.950 | 02/14/49 | 1,628,864 | |||||||||||||
1,573,000 | Anheuser-Busch InBev Finance, Inc | 3.300 | 02/01/23 | 1,618,619 | |||||||||||||
5,580,000 | Anheuser-Busch InBev Worldwide, Inc | 4.750 | 01/23/29 | 6,134,656 | |||||||||||||
2,160,000 | Anheuser-Busch InBev Worldwide, Inc | 4.439 | 10/06/48 | 2,206,412 | |||||||||||||
1,600,000 | BAT Capital Corp | 4.906 | 04/02/30 | 1,641,254 | |||||||||||||
1,975,000 | g | BRF S.A. | 4.875 | 01/24/30 | 1,659,000 | ||||||||||||
825,000 | Coca-Cola Co | 3.375 | 03/25/27 | 910,841 | |||||||||||||
2,000,000 | Coca-Cola Co | 4.200 | 03/25/50 | 2,620,396 | |||||||||||||
450,000 | Constellation Brands, Inc | 4.400 | 11/15/25 | 453,971 | |||||||||||||
450,000 | Constellation Brands, Inc | 3.700 | 12/06/26 | 449,667 | |||||||||||||
325,000 | Constellation Brands, Inc | 3.600 | 02/15/28 | 318,008 | |||||||||||||
1,625,000 | Constellation Brands, Inc | 3.150 | 08/01/29 | 1,515,058 | |||||||||||||
1,800,000 | g | Corp Lindley S.A. | 4.625 | 04/12/23 | 1,717,218 | ||||||||||||
3,125,000 | g | Cosan Ltd | 5.500 | 09/20/29 | 2,539,062 | ||||||||||||
1,650,000 | Diageo Capital plc | 2.125 | 10/24/24 | 1,609,252 | |||||||||||||
2,425,000 | Diageo Capital plc | 2.375 | 10/24/29 | 2,332,909 | |||||||||||||
1,675,000 | g | Embotelladora Andina S.A. | 3.950 | 01/21/50 | 1,423,767 | ||||||||||||
925,000 | General Mills, Inc | 2.875 | 04/15/30 | 923,150 | |||||||||||||
2,000,000 | g | Grupo Bimbo SAB de C.V. | 4.700 | 11/10/47 | 1,886,220 | ||||||||||||
1,800,000 | g | Grupo Bimbo SAB de C.V. | 5.950 | N/A‡ | 1,681,920 | ||||||||||||
475,000 | JM Smucker Co | 2.375 | 03/15/30 | 437,802 | |||||||||||||
1,325,000 | JM Smucker Co | 3.550 | 03/15/50 | 1,208,405 | |||||||||||||
1,000,000 | Kellogg Co | 3.400 | 11/15/27 | 1,032,645 | |||||||||||||
1,450,000 | g | Kernel Holding S.A. | 6.500 | 10/17/24 | 1,091,999 | ||||||||||||
1,425,000 | g | MHP Lux S.A. | 6.950 | 04/03/26 | 1,142,802 | ||||||||||||
775,000 | PepsiCo, Inc | 3.450 | 10/06/46 | 871,180 | |||||||||||||
4,000,000 | PepsiCo, Inc | 3.625 | 03/19/50 | 4,746,810 | |||||||||||||
100,000 | Philip Morris International, Inc | 6.375 | 05/16/38 | 136,173 | |||||||||||||
650,000 | Tyson Foods, Inc | 3.900 | 09/28/23 | 691,180 | |||||||||||||
1,075,000 | Tyson Foods, Inc | 3.950 | 08/15/24 | 1,151,104 | |||||||||||||
1,325,000 | Tyson Foods, Inc | 3.550 | 06/02/27 | 1,372,880 | |||||||||||||
1,425,000 | Tyson Foods, Inc | 5.100 | 09/28/48 | 1,768,007 | |||||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 52,726,145 | ||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.9% | |||||||||||||||||
3,500,000 | Anthem, Inc | 3.650 | 12/01/27 | 3,614,340 | |||||||||||||
3,016,000 | Becton Dickinson & Co | 3.700 | 06/06/27 | 3,064,955 | |||||||||||||
1,200,000 | Boston Scientific Corp | 4.000 | 03/01/29 | 1,270,050 | |||||||||||||
800,000 | g | Centene Corp | 5.375 | 08/15/26 | 816,000 | ||||||||||||
1,150,000 | g | Centene Corp | 4.625 | 12/15/29 | 1,155,750 | ||||||||||||
755,000 | g | Centene Escrow I Corp | 5.375 | 06/01/26 | 777,733 | ||||||||||||
2,750,000 | g | CHS/Community Health Systems | 8.000 | 03/15/26 | 2,612,500 | ||||||||||||
1,600,000 | Cigna Corp | 2.400 | 03/15/30 | 1,513,488 | |||||||||||||
1,525,000 | Cigna Corp | 3.200 | 03/15/40 | 1,396,686 |
234 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 375,000 | Covidien International Finance S.A. | 3.200 | % | 06/15/22 | $ | 387,680 | ||||||||||
540,000 | Encompass Health Corp | 5.750 | 11/01/24 | 542,538 | |||||||||||||
4,000,000 | HCA, Inc | 3.500 | 09/01/30 | 3,631,526 | |||||||||||||
5,320,000 | HCA, Inc | 5.500 | 06/15/47 | 5,793,626 | |||||||||||||
50,000 | Quest Diagnostics, Inc | 4.250 | 04/01/24 | 53,681 | |||||||||||||
5,800,000 | g | SBA Tower Trust | 2.836 | 01/15/25 | 5,602,219 | ||||||||||||
1,200,000 | Tenet Healthcare Corp | 4.625 | 07/15/24 | 1,143,000 | |||||||||||||
875,000 | Thermo Fisher Scientific, Inc | 4.133 | 03/25/25 | 937,569 | |||||||||||||
1,035,000 | Thermo Fisher Scientific, Inc | 2.950 | 09/19/26 | 1,047,558 | |||||||||||||
2,650,000 | UnitedHealth Group, Inc | 2.950 | 10/15/27 | 2,778,411 | |||||||||||||
70,000 | UnitedHealth Group, Inc | 4.750 | 07/15/45 | 89,253 | |||||||||||||
1,400,000 | UnitedHealth Group, Inc | 3.750 | 10/15/47 | 1,565,243 | |||||||||||||
2,000,000 | UnitedHealth Group, Inc | 3.700 | 08/15/49 | 2,225,590 | |||||||||||||
550,000 | Zimmer Biomet Holdings, Inc | 3.700 | 03/19/23 | 563,584 | |||||||||||||
1,290,000 | Zimmer Biomet Holdings, Inc | 3.550 | 04/01/25 | 1,298,674 | |||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 43,881,654 | ||||||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS - 0.1% | |||||||||||||||||
325,000 | Ecolab, Inc | 4.800 | 03/24/30 | 369,990 | |||||||||||||
2,000,000 | Procter & Gamble Co | 3.600 | 03/25/50 | 2,467,005 | |||||||||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 2,836,995 | ||||||||||||||||
INSURANCE - 1.2% | |||||||||||||||||
150,000 | Aetna, Inc | 6.625 | 06/15/36 | 190,722 | |||||||||||||
900,000 | Aflac, Inc | 3.600 | 04/01/30 | 911,077 | |||||||||||||
53,000 | Aflac, Inc | 6.450 | 08/15/40 | 70,480 | |||||||||||||
1,500,000 | Allstate Corp | 3.850 | 08/10/49 | 1,651,515 | |||||||||||||
550,000 | American Financial Group, Inc | 3.500 | 08/15/26 | 523,536 | |||||||||||||
2,775,000 | American International Group, Inc | 3.900 | 04/01/26 | 2,891,323 | |||||||||||||
1,150,000 | American International Group, Inc | 4.200 | 04/01/28 | 1,206,815 | |||||||||||||
1,325,000 | Aon Corp | 3.750 | 05/02/29 | 1,397,742 | |||||||||||||
3,275,000 | Aon plc | 3.500 | 06/14/24 | 3,420,143 | |||||||||||||
675,000 | Berkshire Hathaway Finance Corp | 1.850 | 03/12/30 | 656,101 | |||||||||||||
400,000 | Berkshire Hathaway Finance Corp | 4.250 | 01/15/49 | 492,605 | |||||||||||||
3,600,000 | Chubb INA Holdings, Inc | 2.875 | 11/03/22 | 3,653,324 | |||||||||||||
700,000 | CNA Financial Corp | 3.950 | 05/15/24 | 727,185 | |||||||||||||
1,665,000 | CNA Financial Corp | 3.450 | 08/15/27 | 1,542,160 | |||||||||||||
200,000 | CNA Financial Corp | 3.900 | 05/01/29 | 199,527 | |||||||||||||
3,770,000 | g,i | Cranberry RE Ltd | LIBOR 6 M + 1.980% | 2.324 | 07/13/20 | 3,704,025 | |||||||||||
3,025,000 | g | Five Corners Funding Trust | 4.419 | 11/15/23 | 3,254,110 | ||||||||||||
585,000 | Genworth Holdings, Inc | 4.800 | 02/15/24 | 506,025 | |||||||||||||
1,650,000 | Hartford Financial Services Group, Inc | 2.800 | 08/19/29 | 1,606,250 | |||||||||||||
250,000 | Hartford Financial Services Group, Inc | 4.300 | 04/15/43 | 259,485 | |||||||||||||
1,000,000 | Hartford Financial Services Group, Inc | 3.600 | 08/19/49 | 938,252 | |||||||||||||
1,800,000 | Humana, Inc | 3.950 | 03/15/27 | 1,831,093 | |||||||||||||
144,000 | g | Liberty Mutual Group, Inc | 4.250 | 06/15/23 | 146,595 | ||||||||||||
1,521,000 | g | Liberty Mutual Group, Inc | 4.569 | 02/01/29 | 1,682,325 | ||||||||||||
325,000 | g | Liberty Mutual Group, Inc | 4.500 | 06/15/49 | 316,383 | ||||||||||||
1,215,000 | Lincoln National Corp | 4.000 | 09/01/23 | 1,215,216 | |||||||||||||
600,000 | Lincoln National Corp | 3.800 | 03/01/28 | 597,418 | |||||||||||||
700,000 | Markel Corp | 3.500 | 11/01/27 | 638,446 | |||||||||||||
475,000 | Marsh & McLennan Cos, Inc | 3.500 | 06/03/24 | 485,275 | |||||||||||||
375,000 | Marsh & McLennan Cos, Inc | 3.500 | 03/10/25 | 388,648 | |||||||||||||
875,000 | MetLife, Inc | 3.600 | 11/13/25 | 915,101 |
235 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 500,000 | Orlando Health Obligated Group | 2.981 | % | 10/01/20 | $ | 500,566 | ||||||||||
500,000 | Prudential Financial, Inc | 3.905 | 12/07/47 | 483,506 | |||||||||||||
300,000 | g | Prudential Funding LLC | 6.750 | 09/15/23 | 333,558 | ||||||||||||
1,050,000 | Reinsurance Group of America, Inc | 3.900 | 05/15/29 | 1,025,180 | |||||||||||||
2,500,000 | g,i | Residential Reinsurance 2016 Ltd | US Treasury Bill 3 M + 3.370% | 3.431 | 06/06/20 | 2,457,500 | |||||||||||
2,250,000 | g,i | Residential Reinsurance 2017 Ltd | US Treasury Bill 3 M + 3.170% | 3.180 | 06/06/21 | 2,187,900 | |||||||||||
1,330,000 | Verisk Analytics, Inc | 4.125 | 03/15/29 | 1,403,972 | |||||||||||||
2,200,000 | g,i | Vitality Re X Ltd | 1.760 | 01/10/23 | 1,870,000 | ||||||||||||
350,000 | Voya Financial, Inc | 5.700 | 07/15/43 | 406,895 | |||||||||||||
925,000 | Voya Financial, Inc | 6.125 | N/A‡ | 837,125 | |||||||||||||
850,000 | Willis North America, Inc | 3.600 | 05/15/24 | 877,285 | |||||||||||||
150,000 | WR Berkley Corp | 5.375 | 09/15/20 | 150,263 | |||||||||||||
1,515,000 | XLIT Ltd | 4.450 | 03/31/25 | 1,564,868 | |||||||||||||
TOTAL INSURANCE | 52,117,520 | ||||||||||||||||
MATERIALS - 1.3% | |||||||||||||||||
1,400,000 | Agrium, Inc | 3.375 | 03/15/25 | 1,352,180 | |||||||||||||
200,000 | g | Alcoa Nederland Holding BV | 6.750 | 09/30/24 | 193,940 | ||||||||||||
200,000 | g | Alcoa Nederland Holding BV | 7.000 | 09/30/26 | 186,000 | ||||||||||||
425,000 | g | American Woodmark Corp | 4.875 | 03/15/26 | 396,313 | ||||||||||||
1,650,000 | g | Anglo American Capital plc | 5.625 | 04/01/30 | 1,675,022 | ||||||||||||
175,000 | g | Arconic Rolled Products Corp | 6.125 | 02/15/28 | 178,938 | ||||||||||||
270,000 | g | Bemis Co, Inc | 3.100 | 09/15/26 | 255,836 | ||||||||||||
2,500,000 | g | Celulosa Arauco y Constitucion S.A. | 4.250 | 04/30/29 | 2,106,250 | ||||||||||||
1,250,000 | g | Celulosa Arauco y Constitucion S.A. | 4.200 | 01/29/30 | 1,071,875 | ||||||||||||
2,500,000 | g | Cemex SAB de C.V. | 5.450 | 11/19/29 | 2,028,750 | ||||||||||||
2,900,000 | g | Corp Nacional del Cobre de Chile-CODELCO | 3.625 | 08/01/27 | 2,837,406 | ||||||||||||
2,000,000 | g | Corp Nacional del Cobre de Chile-CODELCO | 3.150 | 01/14/30 | 1,851,160 | ||||||||||||
2,000,000 | g | Corp Nacional del Cobre de Chile-CODELCO | 3.700 | 01/30/50 | 1,725,342 | ||||||||||||
5,805,000 | DowDuPont, Inc | 4.493 | 11/15/25 | 6,243,051 | |||||||||||||
2,310,000 | DowDuPont, Inc | 4.725 | 11/15/28 | 2,533,830 | |||||||||||||
950,000 | g | Enviva Partners LP | 6.500 | 01/15/26 | 926,250 | ||||||||||||
1,075,000 | g | Industrias Penoles SAB de C.V. | 4.150 | 09/12/29 | 949,134 | ||||||||||||
50,000 | International Paper Co | 8.700 | 06/15/38 | 71,917 | |||||||||||||
1,500,000 | International Paper Co | 5.150 | 05/15/46 | 1,554,451 | |||||||||||||
1,925,000 | International Paper Co | 4.350 | 08/15/48 | 1,863,918 | |||||||||||||
2,875,000 | g | Inversiones CMPC S.A. | 4.375 | 04/04/27 | 2,680,966 | ||||||||||||
1,175,000 | g | Inversiones CMPC S.A. | 3.850 | 01/13/30 | 1,057,500 | ||||||||||||
630,000 | g | James Hardie International Finance DAC | 4.750 | 01/15/25 | 593,781 | ||||||||||||
1,650,000 | LYB International Finance III LLC | 4.200 | 10/15/49 | 1,619,014 | |||||||||||||
1,400,000 | g | Midwest Connector Capital Co LLC | 3.900 | 04/01/24 | 1,307,112 | ||||||||||||
1,400,000 | g | Midwest Connector Capital Co LLC | 4.625 | 04/01/29 | 1,349,428 | ||||||||||||
1,200,000 | Newmont Corp | 2.250 | 10/01/30 | 1,105,093 | |||||||||||||
3,000,000 | g | Nova Chemicals Corp | 4.875 | 06/01/24 | 2,632,500 | ||||||||||||
1,125,000 | Nutrien Ltd | 3.375 | 03/15/25 | 1,145,629 | |||||||||||||
2,500,000 | g | OCI NV | 6.625 | 04/15/23 | 2,273,991 | ||||||||||||
1,700,000 | g | OCP S.A. | 6.875 | 04/25/44 | 1,840,250 | ||||||||||||
2,400,000 | g | Owens-Brockway Glass Container, Inc | 5.875 | 08/15/23 | 2,352,000 | ||||||||||||
2,450,000 | g | SABIC Capital II BV | 4.500 | 10/10/28 | 2,541,449 | ||||||||||||
1,075,000 | SASOL Financing USA LLC | 6.500 | 09/27/28 | 441,035 | |||||||||||||
1,500,000 | g | Sociedad Quimica y Minera de Chile S.A. | 4.250 | 05/07/29 | 1,340,640 |
236 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,000,000 | Suzano Austria GmbH | 6.000 | % | 01/15/29 | $ | 932,500 | ||||||||||
300,000 | Suzano Austria GmbH | 5.000 | 01/15/30 | 264,000 | |||||||||||||
1,325,000 | g | Suzano Austria GmbH | 7.000 | 03/16/47 | 1,253,781 | ||||||||||||
1,000,000 | g | Tronox Finance plc | 5.750 | 10/01/25 | 892,500 | ||||||||||||
1,085,000 | g | Tronox, Inc | 6.500 | 04/15/26 | 976,500 | ||||||||||||
400,000 | g | Univar Solutions USA, Inc | 5.125 | 12/01/27 | 364,000 | ||||||||||||
820,000 | WestRock RKT LLC | 4.900 | 03/01/22 | 835,019 | |||||||||||||
TOTAL MATERIALS | 59,800,251 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 2.3% | |||||||||||||||||
725,000 | AMC Networks, Inc | 4.750 | 08/01/25 | 705,062 | |||||||||||||
1,175,000 | g | Cable Onda S.A. | 4.500 | 01/30/30 | 1,034,000 | ||||||||||||
1,000,000 | g | CBS Radio, Inc | 7.250 | 11/01/24 | 835,000 | ||||||||||||
3,000,000 | g | CCO Holdings LLC | 5.875 | 04/01/24 | 3,067,500 | ||||||||||||
1,800,000 | g | CCO Holdings LLC | 4.500 | 08/15/30 | 1,764,000 | ||||||||||||
1,075,000 | Charter Communications Operating LLC | 3.579 | 07/23/20 | 1,071,658 | |||||||||||||
1,700,000 | Charter Communications Operating LLC | 3.750 | 02/15/28 | 1,709,382 | |||||||||||||
1,750,000 | Charter Communications Operating LLC | 4.200 | 03/15/28 | 1,796,310 | |||||||||||||
1,465,000 | Charter Communications Operating LLC | 5.125 | 07/01/49 | 1,558,343 | |||||||||||||
1,650,000 | Charter Communications Operating LLC | 4.800 | 03/01/50 | 1,719,183 | |||||||||||||
1,800,000 | Comcast Corp | 3.700 | 04/15/24 | 1,931,953 | |||||||||||||
2,900,000 | Comcast Corp | 3.950 | 10/15/25 | 3,192,888 | |||||||||||||
4,750,000 | Comcast Corp | 2.350 | 01/15/27 | 4,732,115 | |||||||||||||
1,400,000 | Comcast Corp | 3.150 | 02/15/28 | 1,464,813 | |||||||||||||
5,000,000 | Comcast Corp | 4.150 | 10/15/28 | 5,692,201 | |||||||||||||
4,025,000 | Comcast Corp | 2.650 | 02/01/30 | 4,145,682 | |||||||||||||
2,975,000 | Comcast Corp | 3.200 | 07/15/36 | 3,140,687 | |||||||||||||
1,000,000 | Comcast Corp | 3.900 | 03/01/38 | 1,124,140 | |||||||||||||
755,000 | Comcast Corp | 6.400 | 05/15/38 | 1,101,242 | |||||||||||||
11,100,000 | Comcast Corp | 3.450 | 02/01/50 | 12,180,000 | |||||||||||||
1,000,000 | CSC Holdings LLC | 6.750 | 11/15/21 | 1,030,000 | |||||||||||||
1,800,000 | g | CSC Holdings LLC | 5.750 | 01/15/30 | 1,815,228 | ||||||||||||
850,000 | Discovery Communications LLC | 2.950 | 03/20/23 | 848,201 | |||||||||||||
2,000,000 | Discovery Communications LLC | 4.125 | 05/15/29 | 1,938,362 | |||||||||||||
2,000,000 | Discovery Communications LLC | 5.200 | 09/20/47 | 2,044,143 | |||||||||||||
2,150,000 | g | Entercom Media Corp | 6.500 | 05/01/27 | 1,865,125 | ||||||||||||
325,000 | g | EW Scripps Co | 5.125 | 05/15/25 | 286,000 | ||||||||||||
2,400,000 | g | Gray Escrow, Inc | 7.000 | 05/15/27 | 2,388,000 | ||||||||||||
1,400,000 | g | Gray Television, Inc | 5.875 | 07/15/26 | 1,347,920 | ||||||||||||
2,785,000 | Grupo Televisa SAB | 6.625 | 01/15/40 | 3,261,927 | |||||||||||||
400,000 | Grupo Televisa SAB | 5.250 | 05/24/49 | 411,701 | |||||||||||||
500,000 | g | International Airport Finance S.A. | 12.000 | 03/15/33 | 285,000 | ||||||||||||
1,000,000 | Lamar Media Corp | 5.000 | 05/01/23 | 990,000 | |||||||||||||
1,275,000 | g | Lamar Media Corp | 3.750 | 02/15/28 | 1,195,160 | ||||||||||||
1,850,000 | g | Lions Gate Capital Holdings LLC | 5.875 | 11/01/24 | 1,575,849 | ||||||||||||
1,000,000 | g | Medco Bell Pte Ltd | 6.375 | 01/30/27 | 579,801 | ||||||||||||
2,000,000 | g | Medco Oak Tree Pte Ltd | 7.375 | 05/14/26 | 1,261,158 | ||||||||||||
975,000 | Meredith, Corp | 6.875 | 02/01/26 | 838,500 | |||||||||||||
540,000 | NBC Universal Media LLC | 6.400 | 04/30/40 | 815,497 | |||||||||||||
925,000 | g | Nielsen Finance LLC | 5.000 | 04/15/22 | 852,684 | ||||||||||||
300,000 | Outfront Media Capital LLC | 5.625 | 02/15/24 | 297,000 | |||||||||||||
2,700,000 | g | Sirius XM Radio, Inc | 5.375 | 07/15/26 | 2,732,940 | ||||||||||||
2,075,000 | g | TEGNA, Inc | 4.625 | 03/15/28 | 1,823,406 | ||||||||||||
1,075,000 | g | Telefonica Celular del Paraguay S.A. | 5.875 | 04/15/27 | 969,559 |
237 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 800,000 | g | Telenet Finance Luxembourg | 5.500 | % | 03/01/28 | $ | 743,860 | |||||||||
1,740,000 | g | Terrier Media Buyer, Inc | 8.875 | 12/15/27 | 1,461,600 | ||||||||||||
1,500,000 | Time Warner Cable LLC | 5.875 | 11/15/40 | 1,580,626 | |||||||||||||
475,000 | Time Warner Cable LLC | 4.500 | 09/15/42 | 446,509 | |||||||||||||
1,500,000 | g | Vedanta Resources Finance II plc | 9.250 | 04/23/26 | 626,250 | ||||||||||||
425,000 | ViacomCBS, Inc | 2.900 | 06/01/23 | 404,680 | |||||||||||||
850,000 | ViacomCBS, Inc | 2.900 | 01/15/27 | 820,827 | |||||||||||||
525,000 | ViacomCBS, Inc | 3.375 | 02/15/28 | 466,349 | |||||||||||||
600,000 | ViacomCBS, Inc | 5.850 | 09/01/43 | 615,388 | |||||||||||||
1,500,000 | Walt Disney Co | 3.700 | 03/23/27 | 1,658,704 | |||||||||||||
125,000 | Walt Disney Co | 7.625 | 11/30/28 | 164,549 | |||||||||||||
3,400,000 | Walt Disney Co | 2.000 | 09/01/29 | 3,316,778 | |||||||||||||
90,000 | Walt Disney Co | 6.550 | 03/15/33 | 128,127 | |||||||||||||
5,000,000 | Walt Disney Co | 4.700 | 03/23/50 | 6,475,732 | |||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 104,329,299 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.3% | |||||||||||||||||
1,225,000 | Abbott Laboratories | 3.875 | 09/15/25 | 1,322,748 | |||||||||||||
1,247,000 | Abbott Laboratories | 3.750 | 11/30/26 | 1,392,092 | |||||||||||||
450,000 | Abbott Laboratories | 5.300 | 05/27/40 | 592,825 | |||||||||||||
850,000 | AbbVie, Inc | 2.850 | 05/14/23 | 861,617 | |||||||||||||
450,000 | AbbVie, Inc | 3.600 | 05/14/25 | 474,107 | |||||||||||||
6,750,000 | g | AbbVie, Inc | 2.950 | 11/21/26 | 6,877,287 | ||||||||||||
1,950,000 | g | AbbVie, Inc | 3.200 | 11/21/29 | 1,989,339 | ||||||||||||
3,850,000 | g | AbbVie, Inc | 4.050 | 11/21/39 | 4,037,579 | ||||||||||||
1,450,000 | AbbVie, Inc | 4.400 | 11/06/42 | 1,611,308 | |||||||||||||
580,000 | AbbVie, Inc | 4.450 | 05/14/46 | 616,352 | |||||||||||||
1,350,000 | g | AbbVie, Inc | 4.250 | 11/21/49 | 1,456,203 | ||||||||||||
2,625,000 | Allergan Funding SCS | 3.800 | 03/15/25 | 2,688,044 | |||||||||||||
1,150,000 | AstraZeneca plc | 3.125 | 06/12/27 | 1,151,776 | |||||||||||||
2,000,000 | g | Bausch Health Companies, Inc | 6.500 | 03/15/22 | 2,020,000 | ||||||||||||
300,000 | g | Bausch Health Cos, Inc | 5.750 | 08/15/27 | 308,880 | ||||||||||||
625,000 | g | Bausch Health Cos, Inc | 5.000 | 01/30/28 | 591,687 | ||||||||||||
625,000 | g | Bristol-Myers Squibb Co | 3.875 | 08/15/25 | 678,112 | ||||||||||||
3,150,000 | g | Bristol-Myers Squibb Co | 3.450 | 11/15/27 | 3,355,606 | ||||||||||||
4,725,000 | g | Bristol-Myers Squibb Co | 3.400 | 07/26/29 | 5,192,313 | ||||||||||||
4,500,000 | g | Bristol-Myers Squibb Co | 4.250 | 10/26/49 | 5,639,430 | ||||||||||||
450,000 | Gilead Sciences, Inc | 4.000 | 09/01/36 | 509,502 | |||||||||||||
1,500,000 | Gilead Sciences, Inc | 4.150 | 03/01/47 | 1,833,513 | |||||||||||||
345,000 | g | Horizon Pharma USA, Inc | 5.500 | 08/01/27 | 346,345 | ||||||||||||
1,375,000 | Johnson & Johnson | 2.450 | 03/01/26 | 1,469,591 | |||||||||||||
975,000 | Johnson & Johnson | 2.900 | 01/15/28 | 1,071,085 | |||||||||||||
900,000 | Johnson & Johnson | 3.400 | 01/15/38 | 1,041,321 | |||||||||||||
1,450,000 | Mylan, Inc | 4.550 | 04/15/28 | 1,419,557 | |||||||||||||
1,900,000 | Novartis Capital Corp | 3.000 | 11/20/25 | 2,015,906 | |||||||||||||
5,300,000 | Teva Pharmaceutical Finance Netherlands III BV | 3.150 | 10/01/26 | 4,464,455 | |||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 57,028,580 | ||||||||||||||||
REAL ESTATE - 1.4% | |||||||||||||||||
350,000 | Alexandria Real Estate Equities, Inc | 3.950 | 01/15/27 | 350,508 | |||||||||||||
450,000 | Alexandria Real Estate Equities, Inc | 3.950 | 01/15/28 | 460,870 | |||||||||||||
1,650,000 | Alexandria Real Estate Equities, Inc | 4.900 | 12/15/30 | 1,792,521 |
238 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 6,000,000 | American Tower Corp | 3.300 | % | 02/15/21 | $ | 5,998,878 | ||||||||||
1,200,000 | American Tower Corp | 3.000 | 06/15/23 | 1,201,481 | |||||||||||||
875,000 | American Tower Corp | 5.000 | 02/15/24 | 926,260 | |||||||||||||
1,425,000 | American Tower Corp | 2.950 | 01/15/25 | 1,423,311 | |||||||||||||
475,000 | American Tower Corp | 3.375 | 10/15/26 | 475,080 | |||||||||||||
1,200,000 | American Tower Corp | 3.600 | 01/15/28 | 1,199,243 | |||||||||||||
2,200,000 | American Tower Corp | 3.800 | 08/15/29 | 2,245,678 | |||||||||||||
4,100,000 | American Tower Corp | 2.900 | 01/15/30 | 3,989,785 | |||||||||||||
950,000 | Brandywine Operating Partnership LP | 4.100 | 10/01/24 | 945,283 | |||||||||||||
1,750,000 | Brixmor Operating Partnership LP | 3.850 | 02/01/25 | 1,726,963 | |||||||||||||
575,000 | Camden Property Trust | 3.150 | 07/01/29 | 566,718 | |||||||||||||
575,000 | Country Garden Holdings Co Ltd | 4.750 | 09/28/23 | 552,062 | |||||||||||||
780,000 | Crown Castle International Corp | 4.875 | 04/15/22 | 818,867 | |||||||||||||
775,000 | Crown Castle International Corp | 3.650 | 09/01/27 | 772,141 | |||||||||||||
1,050,000 | Crown Castle International Corp | 3.800 | 02/15/28 | 1,051,783 | |||||||||||||
625,000 | Digital Realty Trust LP | 3.700 | 08/15/27 | 603,985 | |||||||||||||
325,000 | Duke Realty LP | 3.250 | 06/30/26 | 324,915 | |||||||||||||
625,000 | Duke Realty LP | 4.000 | 09/15/28 | 648,126 | |||||||||||||
775,000 | Essex Portfolio LP | 3.375 | 01/15/23 | 775,851 | |||||||||||||
2,500,000 | Essex Portfolio LP | 3.000 | 01/15/30 | 2,369,819 | |||||||||||||
150,000 | Healthcare Realty Trust, Inc | 3.750 | 04/15/23 | 149,796 | |||||||||||||
1,500,000 | Healthcare Realty Trust, Inc | 3.875 | 05/01/25 | 1,567,809 | |||||||||||||
1,500,000 | Healthcare Realty Trust, Inc | 3.625 | 01/15/28 | 1,504,284 | |||||||||||||
525,000 | Healthcare Realty Trust, Inc | 2.400 | 03/15/30 | 466,119 | |||||||||||||
325,000 | Healthcare Trust of America Holdings LP | 3.700 | 04/15/23 | 314,368 | |||||||||||||
1,225,000 | Healthcare Trust of America Holdings LP | 3.500 | 08/01/26 | 1,211,470 | |||||||||||||
3,750,000 | Healthcare Trust of America Holdings LP | 3.100 | 02/15/30 | 3,353,663 | |||||||||||||
150,000 | Healthpeak Properties, Inc | 3.500 | 07/15/29 | 146,729 | |||||||||||||
375,000 | Highwoods Realty LP | 3.875 | 03/01/27 | 373,665 | |||||||||||||
725,000 | Highwoods Realty LP | 4.125 | 03/15/28 | 779,561 | |||||||||||||
700,000 | Highwoods Realty LP | 4.200 | 04/15/29 | 716,491 | |||||||||||||
460,000 | Hudson Pacific Properties LP | 3.950 | 11/01/27 | 438,289 | |||||||||||||
2,000,000 | g | Ladder Capital Finance Holdings LLLP | 4.250 | 02/01/27 | 1,580,000 | ||||||||||||
1,500,000 | Mid-America Apartments LP | 4.300 | 10/15/23 | 1,491,497 | |||||||||||||
1,000,000 | Mid-America Apartments LP | 3.750 | 06/15/24 | 985,401 | |||||||||||||
850,000 | Mid-America Apartments LP | 4.000 | 11/15/25 | 884,930 | |||||||||||||
750,000 | Mid-America Apartments LP | 3.600 | 06/01/27 | 754,779 | |||||||||||||
3,925,000 | Mid-America Apartments LP | 2.750 | 03/15/30 | 3,634,542 | |||||||||||||
525,000 | National Retail Properties, Inc | 3.300 | 04/15/23 | 529,222 | |||||||||||||
550,000 | National Retail Properties, Inc | 4.000 | 11/15/25 | 566,394 | |||||||||||||
600,000 | National Retail Properties, Inc | 3.600 | 12/15/26 | 600,603 | |||||||||||||
675,000 | ProLogis LP | 4.375 | 02/01/29 | 757,942 | |||||||||||||
550,000 | Regency Centers Corp | 3.750 | 11/15/22 | 538,999 | |||||||||||||
875,000 | Regency Centers LP | 3.900 | 11/01/25 | 895,488 | |||||||||||||
925,000 | Regency Centers LP | 3.600 | 02/01/27 | 931,577 | |||||||||||||
1,650,000 | Regency Centers LP | 2.950 | 09/15/29 | 1,555,536 | |||||||||||||
603,000 | SITE Centers Corp | 3.625 | 02/01/25 | 610,696 | |||||||||||||
650,000 | SITE Centers Corp | 4.700 | 06/01/27 | 672,426 | |||||||||||||
4,000,000 | g | VICI Properties LP | 4.125 | 08/15/30 | 3,790,000 | ||||||||||||
1,150,000 | Weingarten Realty Investors | 3.375 | 10/15/22 | 1,179,078 | |||||||||||||
450,000 | Weingarten Realty Investors | 3.500 | 04/15/23 | 460,249 | |||||||||||||
400,000 | Weingarten Realty Investors | 4.450 | 01/15/24 | 428,591 | |||||||||||||
925,000 | Weingarten Realty Investors | 3.850 | 06/01/25 | 968,465 | |||||||||||||
300,000 | Weingarten Realty Investors | 3.250 | 08/15/26 | 282,009 | |||||||||||||
TOTAL REAL ESTATE | 66,340,796 |
239 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
RETAILING - 0.5% | |||||||||||||||||
$ | 1,800,000 | AutoNation, Inc | 3.800 | % | 11/15/27 | $ | 1,596,653 | ||||||||||
425,000 | g | Camelot Finance S.A. | 4.500 | 11/01/26 | 412,250 | ||||||||||||
1,775,000 | Home Depot, Inc | 2.000 | 04/01/21 | 1,777,359 | |||||||||||||
250,000 | g | Lithia Motors, Inc | 5.250 | 08/01/25 | 217,500 | ||||||||||||
2,175,000 | g | Lithia Motors, Inc | 4.625 | 12/15/27 | 1,957,718 | ||||||||||||
1,515,000 | O’Reilly Automotive, Inc | 4.875 | 01/14/21 | 1,505,492 | |||||||||||||
790,000 | O’Reilly Automotive, Inc | 3.550 | 03/15/26 | 798,267 | |||||||||||||
1,400,000 | O’Reilly Automotive, Inc | 3.600 | 09/01/27 | 1,345,193 | |||||||||||||
1,225,000 | O’Reilly Automotive, Inc | 4.200 | 04/01/30 | 1,268,620 | |||||||||||||
2,145,000 | Penske Automotive Group, Inc | 5.500 | 05/15/26 | 1,954,052 | |||||||||||||
3,450,000 | g | PetSmart, Inc | 7.125 | 03/15/23 | 3,249,900 | ||||||||||||
600,000 | g | PetSmart, Inc | 8.875 | 06/01/25 | 543,000 | ||||||||||||
225,000 | QVC, Inc | 4.750 | 02/15/27 | 199,173 | |||||||||||||
3,000,000 | g | Staples, Inc | 7.500 | 04/15/26 | 2,625,018 | ||||||||||||
1,100,000 | Target Corp | 3.375 | 04/15/29 | 1,188,805 | |||||||||||||
3,750,000 | Target Corp | 2.350 | 02/15/30 | 3,776,398 | |||||||||||||
400,000 | Target Corp | 2.650 | 09/15/30 | 409,562 | |||||||||||||
TOTAL RETAILING | 24,824,960 | ||||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.4% | |||||||||||||||||
3,980,000 | Intel Corp | 2.875 | 05/11/24 | 4,170,299 | |||||||||||||
975,000 | Intel Corp | 2.600 | 05/19/26 | 1,030,329 | |||||||||||||
2,200,000 | Intel Corp | 3.750 | 03/25/27 | 2,418,770 | |||||||||||||
1,325,000 | Intel Corp | 3.734 | 12/08/47 | 1,547,513 | |||||||||||||
3,000,000 | Intel Corp | 4.750 | 03/25/50 | 3,920,510 | |||||||||||||
1,300,000 | g | NXP BV | 4.875 | 03/01/24 | 1,387,985 | ||||||||||||
1,460,000 | g | NXP BV | 3.875 | 06/18/26 | 1,420,017 | ||||||||||||
700,000 | Texas Instruments, Inc | 2.625 | 05/15/24 | 729,904 | |||||||||||||
775,000 | Texas Instruments, Inc | 4.150 | 05/15/48 | 958,508 | |||||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 17,583,835 | ||||||||||||||||
SOFTWARE & SERVICES - 1.1% | |||||||||||||||||
825,000 | Activision Blizzard, Inc | 2.300 | 09/15/21 | 830,704 | |||||||||||||
875,000 | Activision Blizzard, Inc | 3.400 | 09/15/26 | 922,713 | |||||||||||||
2,975,000 | Adobe, Inc | 2.300 | 02/01/30 | 2,973,959 | |||||||||||||
2,000,000 | Baidu, Inc | 2.875 | 07/06/22 | 1,999,983 | |||||||||||||
1,275,000 | Baidu, Inc | 4.375 | 05/14/24 | 1,347,031 | |||||||||||||
925,000 | Fidelity National Information Services, Inc | 3.750 | 05/21/29 | 1,006,736 | |||||||||||||
3,650,000 | Fiserv, Inc | 2.750 | 07/01/24 | 3,629,179 | |||||||||||||
5,075,000 | Fiserv, Inc | 3.500 | 07/01/29 | 5,370,215 | |||||||||||||
1,425,000 | Global Payments, Inc | 2.650 | 02/15/25 | 1,412,484 | |||||||||||||
3,075,000 | Global Payments, Inc | 3.200 | 08/15/29 | 3,004,063 | |||||||||||||
500,000 | IHS Markit Ltd | 4.125 | 08/01/23 | 520,240 | |||||||||||||
1,830,000 | IHS Markit Ltd | 4.250 | 05/01/29 | 1,935,243 | |||||||||||||
2,200,000 | International Business Machines Corp | 2.850 | 05/13/22 | 2,259,788 | |||||||||||||
6,400,000 | International Business Machines Corp | 3.500 | 05/15/29 | 6,987,094 | |||||||||||||
3,000,000 | Microsoft Corp | 2.400 | 08/08/26 | 3,172,646 | |||||||||||||
1,165,000 | Microsoft Corp | 3.300 | 02/06/27 | 1,292,822 | |||||||||||||
750,000 | Microsoft Corp | 4.100 | 02/06/37 | 915,672 | |||||||||||||
1,180,000 | Microsoft Corp | 3.700 | 08/08/46 | 1,399,713 |
240 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,375,000 | g | Open Text Corp | 5.875 | % | 06/01/26 | $ | 1,442,237 | |||||||||
550,000 | g | Open Text Holdings, Inc | 4.125 | 02/15/30 | 517,137 | ||||||||||||
3,300,000 | Oracle Corp | 2.950 | 04/01/30 | 3,319,807 | |||||||||||||
2,250,000 | Oracle Corp | 3.600 | 04/01/40 | 2,239,775 | |||||||||||||
125,000 | g | Presidio Holdings, Inc | 4.875 | 02/01/27 | 112,500 | ||||||||||||
1,475,000 | g | Prosus NV | 3.680 | 01/21/30 | 1,334,931 | ||||||||||||
730,000 | g | Sabre GLBL, Inc | 5.375 | 04/15/23 | 667,950 | ||||||||||||
650,000 | salesforce.com, Inc | 3.700 | 04/11/28 | 717,524 | |||||||||||||
TOTAL SOFTWARE & SERVICES | 51,332,146 | ||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.9% | |||||||||||||||||
2,025,000 | Amphenol Corp | 2.800 | 02/15/30 | 1,843,682 | |||||||||||||
5,575,000 | Apple, Inc | 2.450 | 08/04/26 | 5,841,689 | |||||||||||||
10,350,000 | Apple, Inc | 2.050 | 09/11/26 | 10,676,162 | |||||||||||||
1,000,000 | Apple, Inc | 3.850 | 05/04/43 | 1,182,731 | |||||||||||||
875,000 | Apple, Inc | 4.650 | 02/23/46 | 1,211,405 | |||||||||||||
3,800,000 | Broadcom Corp | 3.875 | 01/15/27 | 3,622,412 | |||||||||||||
1,200,000 | g | CommScope, Inc | 5.500 | 06/15/24 | 1,108,200 | ||||||||||||
1,900,000 | g | CommScope, Inc | 6.000 | 06/15/25 | 1,738,880 | ||||||||||||
525,000 | Corning, Inc | 4.375 | 11/15/57 | 545,798 | |||||||||||||
2,550,000 | g | Dell International LLC | 4.420 | 06/15/21 | 2,577,373 | ||||||||||||
650,000 | g | Dell International LLC | 7.125 | 06/15/24 | 671,125 | ||||||||||||
2,400,000 | g | Dell International LLC | 5.300 | 10/01/29 | 2,334,435 | ||||||||||||
2,525,000 | g | Empresas Publicas de Medellin ESP | 4.250 | 07/18/29 | 2,152,563 | ||||||||||||
875,000 | Flex Ltd | 4.875 | 06/15/29 | 830,639 | |||||||||||||
800,000 | g | L3Harris Technologies, Inc | 3.850 | 06/15/23 | 832,255 | ||||||||||||
875,000 | L3Harris Technologies, Inc | 2.900 | 12/15/29 | 826,760 | |||||||||||||
2,520,000 | g | Millicom International Cellular S.A. | 5.125 | 01/15/28 | 2,192,400 | ||||||||||||
1,500,000 | Tyco Electronics Group S.A. | 3.500 | 02/03/22 | 1,521,115 | |||||||||||||
450,000 | Tyco Electronics Group S.A. | 3.700 | 02/15/26 | 457,831 | |||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 42,167,455 | ||||||||||||||||
TELECOMMUNICATION SERVICES - 2.3% | |||||||||||||||||
2,420,000 | AT&T, Inc | 3.800 | 03/15/22 | 2,499,562 | |||||||||||||
1,000,000 | AT&T, Inc | 3.400 | 06/15/22 | 1,024,028 | |||||||||||||
2,775,000 | AT&T, Inc | 3.400 | 05/15/25 | 2,870,187 | |||||||||||||
950,000 | AT&T, Inc | 3.600 | 07/15/25 | 986,547 | |||||||||||||
1,385,000 | AT&T, Inc | 3.875 | 01/15/26 | 1,421,784 | |||||||||||||
1,100,000 | AT&T, Inc | 3.800 | 02/15/27 | 1,142,900 | |||||||||||||
5,575,000 | AT&T, Inc | 4.350 | 03/01/29 | 5,994,398 | |||||||||||||
8,375,000 | AT&T, Inc | 4.300 | 02/15/30 | 9,014,189 | |||||||||||||
2,085,000 | AT&T, Inc | 4.500 | 05/15/35 | 2,273,147 | |||||||||||||
14,050,000 | AT&T, Inc | 4.500 | 03/09/48 | 15,247,897 | |||||||||||||
3,000,000 | g | Bharti Airtel Ltd | 4.375 | 06/10/25 | 2,763,660 | ||||||||||||
1,325,000 | g | C&W Senior Financing Designated Activity Co | 7.500 | 10/15/26 | 1,213,786 | ||||||||||||
3,200,000 | g | C&W Senior Financing Designated Activity Co | 6.875 | 09/15/27 | 2,760,000 | ||||||||||||
3,000,000 | g | Deutsche Telekom International Finance BV | 1.950 | 09/19/21 | 2,962,363 | ||||||||||||
1,325,000 | g | Front Range BidCo, Inc | 4.000 | 03/01/27 | 1,267,859 | ||||||||||||
1,375,000 | g | Globo Comunicacao e Participacoes S.A. | 4.875 | 01/22/30 | 1,174,937 | ||||||||||||
2,150,000 | g | MTN Mauritius Investment Ltd | 6.500 | 10/13/26 | 2,048,406 | ||||||||||||
3,000,000 | g | Network i2i Ltd | 5.650 | N/A‡ | 2,415,000 | ||||||||||||
500,000 | Orange S.A. | 5.375 | 01/13/42 | 640,059 | |||||||||||||
1,800,000 | g | Oztel Holdings SPC Ltd | 6.625 | 04/24/28 | 1,275,709 | ||||||||||||
1,150,000 | Rogers Communications, Inc | 3.700 | 11/15/49 | 1,189,601 |
241 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,875,000 | Telefonica Emisiones SAU | 4.103 | % | 03/08/27 | $ | 1,944,598 | ||||||||||
925,000 | T-Mobile USA, Inc | 6.375 | 03/01/25 | 945,812 | |||||||||||||
2,300,000 | g | Turkcell Iletisim Hizmetleri AS. | 5.800 | 04/11/28 | 2,028,664 | ||||||||||||
146,000 | Verizon Communications, Inc | 3.376 | 02/15/25 | 156,610 | |||||||||||||
1,000,000 | Verizon Communications, Inc | 4.125 | 03/16/27 | 1,112,776 | |||||||||||||
5,320,000 | Verizon Communications, Inc | 4.329 | 09/21/28 | 6,130,765 | |||||||||||||
800,000 | Verizon Communications, Inc | 3.875 | 02/08/29 | 895,474 | |||||||||||||
9,113,000 | Verizon Communications, Inc | 4.272 | 01/15/36 | 10,646,366 | |||||||||||||
10,000,000 | Verizon Communications, Inc | 4.000 | 03/22/50 | 11,868,064 | |||||||||||||
3,200,000 | Vodafone Group plc | 4.250 | 09/17/50 | 3,289,093 | |||||||||||||
740,000 | Vodafone Group plc | 7.000 | 04/04/79 | 791,182 | |||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 101,995,423 | ||||||||||||||||
TRANSPORTATION - 1.0% | |||||||||||||||||
2,500,000 | g | Adani Ports & Special Economic Zone Ltd | 4.000 | 07/30/27 | 1,988,420 | ||||||||||||
1,690,000 | g | Airbus SE | 3.150 | 04/10/27 | 1,697,065 | ||||||||||||
2,500,000 | Boeing Co | 3.750 | 02/01/50 | 2,283,313 | |||||||||||||
2,300,000 | Burlington Northern Santa Fe LLC | 3.550 | 02/15/50 | 2,518,288 | |||||||||||||
2,325,000 | Canadian Pacific Railway Co | 2.050 | 03/05/30 | 2,158,888 | |||||||||||||
1,990,000 | CSX Corp | 3.250 | 06/01/27 | 2,044,019 | |||||||||||||
700,000 | CSX Corp | 3.800 | 03/01/28 | 743,336 | |||||||||||||
4,015,000 | CSX Corp | 4.250 | 03/15/29 | 4,504,947 | |||||||||||||
3,175,000 | CSX Corp | 2.400 | 02/15/30 | 3,126,663 | |||||||||||||
1,500,000 | CSX Corp | 4.300 | 03/01/48 | 1,646,283 | |||||||||||||
2,350,000 | CSX Corp | 3.350 | 09/15/49 | 2,225,350 | |||||||||||||
1,575,000 | Delta Air Lines, Inc | 3.800 | 04/19/23 | 1,480,115 | |||||||||||||
1,950,000 | Delta Air Lines, Inc | 2.900 | 10/28/24 | 1,560,757 | |||||||||||||
1,375,000 | Delta Air Lines, Inc | 3.750 | 10/28/29 | 1,108,081 | |||||||||||||
2,025,000 | g | DP World Ltd | 5.625 | 09/25/48 | 1,690,875 | ||||||||||||
50,000 | FedEx Corp | 3.250 | 04/01/26 | 50,617 | |||||||||||||
8,850,000 | FedEx Corp | 3.100 | 08/05/29 | 8,698,232 | |||||||||||||
1,100,000 | g | Indian Railway Finance Corp Ltd | 3.249 | 02/13/30 | 989,233 | ||||||||||||
775,000 | g | Lima Metro Line 2 Finance Ltd | 4.350 | 04/05/36 | 730,437 | ||||||||||||
1,550,000 | Union Pacific Corp | 3.950 | 09/10/28 | 1,664,048 | |||||||||||||
2,275,000 | g | Union Pacific Corp | 3.839 | 03/20/60 | 2,434,603 | ||||||||||||
TOTAL TRANSPORTATION | 45,343,570 | ||||||||||||||||
UTILITIES - 2.7% | |||||||||||||||||
3,000,000 | g | Adani Green Energy UP Ltd | 6.250 | 12/10/24 | 2,640,742 | ||||||||||||
325,000 | AEP Transmission Co LLC | 3.100 | 12/01/26 | 337,815 | |||||||||||||
350,000 | AEP Transmission Co LLC | 4.000 | 12/01/46 | 354,245 | |||||||||||||
700,000 | Alabama Power Co | 4.150 | 08/15/44 | 657,614 | |||||||||||||
1,850,000 | Ameren Corp | 3.650 | 02/15/26 | 1,877,704 | |||||||||||||
525,000 | American Water Capital Corp | 3.000 | 12/01/26 | 526,530 | |||||||||||||
500,000 | American Water Capital Corp | 4.000 | 12/01/46 | 506,455 | |||||||||||||
1,475,000 | American Water Capital Corp | 3.750 | 09/01/47 | 1,478,069 | |||||||||||||
250,000 | Atmos Energy Corp | 4.125 | 10/15/44 | 271,617 | |||||||||||||
800,000 | g | Azure Power Solar Energy Pvt Ltd | 5.650 | 12/24/24 | 679,651 | ||||||||||||
1,325,000 | Baltimore Gas & Electric Co | 3.750 | 08/15/47 | 1,433,575 | |||||||||||||
1,650,000 | Baltimore Gas & Electric Co | 3.200 | 09/15/49 | 1,572,557 | |||||||||||||
925,000 | Black Hills Corp | 4.250 | 11/30/23 | 970,274 | |||||||||||||
325,000 | Black Hills Corp | 3.150 | 01/15/27 | 346,975 | |||||||||||||
300,000 | CenterPoint Energy Resources Corp | 6.250 | 02/01/37 | 369,826 |
242 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 525,000 | g | Clearway Energy Operating LLC | 4.750 | % | 03/15/28 | $ | 486,938 | |||||||||
1,000,000 | CMS Energy Corp | 3.600 | 11/15/25 | 1,108,503 | |||||||||||||
200,000 | Commonwealth Edison Co | 5.900 | 03/15/36 | 236,647 | |||||||||||||
2,000,000 | Consumers Energy Co | 3.950 | 07/15/47 | 2,325,373 | |||||||||||||
1,000,000 | Consumers Energy Co | 3.500 | 08/01/51 | 1,075,721 | |||||||||||||
1,225,000 | Dominion Energy Gas Holdings LLC | 2.500 | 11/15/24 | 1,190,255 | |||||||||||||
750,000 | Dominion Resources, Inc | 2.000 | 08/15/21 | 745,557 | |||||||||||||
5,950,000 | DTE Electric Co | 2.625 | 03/01/31 | 5,940,004 | |||||||||||||
1,825,000 | DTE Electric Co | 3.750 | 08/15/47 | 1,925,173 | |||||||||||||
3,071,000 | DTE Electric Co | 2.950 | 03/01/50 | 2,864,707 | |||||||||||||
1,175,000 | Duke Energy Corp | 1.800 | 09/01/21 | 1,167,004 | |||||||||||||
1,725,000 | Duke Energy Corp | 2.650 | 09/01/26 | 1,711,887 | |||||||||||||
1,175,000 | Duke Energy Corp | 3.750 | 09/01/46 | 1,126,374 | |||||||||||||
5,000,000 | Duke Energy Florida LLC | 3.400 | 10/01/46 | 5,164,259 | |||||||||||||
2,800,000 | Enel Chile S.A. | 4.875 | 06/12/28 | 2,760,800 | |||||||||||||
1,125,000 | Entergy Corp | 2.950 | 09/01/26 | 1,115,097 | |||||||||||||
3,450,000 | g | Eskom Holdings SOC Ltd | 8.450 | 08/10/28 | 2,382,934 | ||||||||||||
1,225,000 | Exelon Corp | 4.050 | 04/15/30 | 1,213,216 | |||||||||||||
1,850,000 | Exelon Generation Co LLC | 3.400 | 03/15/22 | 1,870,736 | |||||||||||||
50,000 | g | FirstEnergy Transmission LLC | 4.350 | 01/15/25 | 52,033 | ||||||||||||
1,425,000 | Florida Power & Light Co | 3.990 | 03/01/49 | 1,607,086 | |||||||||||||
1,350,000 | Florida Power & Light Co | 3.150 | 10/01/49 | 1,400,497 | |||||||||||||
5,000,000 | g,i | Golden State RE II Ltd | LIBOR 3 M + 2.200% | 4.057 | 01/08/23 | 4,650,000 | |||||||||||
1,575,000 | g | Hunt Oil Co of Peru LLC Sucursal Del Peru | 6.375 | 06/01/28 | 1,055,250 | ||||||||||||
750,000 | Indiana Michigan Power Co | 3.750 | 07/01/47 | 781,615 | |||||||||||||
125,000 | Integrys Energy Group, Inc | 4.170 | 11/01/20 | 125,821 | |||||||||||||
3,000,000 | g | Israel Electric Corp Ltd | 4.250 | 08/14/28 | 3,021,692 | ||||||||||||
1,525,000 | g | Kallpa Generacion SA | 4.125 | 08/16/27 | 1,370,228 | ||||||||||||
1,900,000 | g | KazTransGas JSC | 4.375 | 09/26/27 | 1,702,210 | ||||||||||||
2,200,000 | g | Latam Finance Ltd | 7.000 | 03/01/26 | 1,002,144 | ||||||||||||
350,000 | LG&E and KU Energy LLC | 3.750 | 11/15/20 | 347,593 | |||||||||||||
775,000 | MidAmerican Energy Co | 3.650 | 04/15/29 | 846,511 | |||||||||||||
1,550,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 1,663,676 | |||||||||||||
1,400,000 | g | Minejesa Capital BV | 4.625 | 08/10/30 | 1,250,081 | ||||||||||||
1,000,000 | Nevada Power Co | 5.450 | 05/15/41 | 1,188,758 | |||||||||||||
885,000 | NextEra Energy Capital Holdings, Inc | 3.250 | 04/01/26 | 915,925 | |||||||||||||
6,125,000 | NextEra Energy Capital Holdings, Inc | 2.750 | 11/01/29 | 5,911,828 | |||||||||||||
550,000 | g | NextEra Energy Operating Partners LP | 4.250 | 09/15/24 | 536,250 | ||||||||||||
1,700,000 | NiSource, Inc | 3.490 | 05/15/27 | 1,720,029 | |||||||||||||
1,400,000 | Northern States Power Co | 3.600 | 09/15/47 | 1,494,625 | |||||||||||||
1,075,000 | Northern States Power Co | 2.900 | 03/01/50 | 1,059,267 | |||||||||||||
165,000 | NRG Energy, Inc | 6.625 | 01/15/27 | 171,600 | |||||||||||||
1,350,000 | NRG Energy, Inc | 5.750 | 01/15/28 | 1,377,000 | |||||||||||||
500,000 | NSTAR Electric Co | 3.950 | 04/01/30 | 559,652 | |||||||||||||
1,550,000 | Ohio Power Co | 4.150 | 04/01/48 | 1,628,559 | |||||||||||||
1,550,000 | Ohio Power Co | 4.000 | 06/01/49 | 1,599,612 | |||||||||||||
575,000 | ONE Gas, Inc | 3.610 | 02/01/24 | 580,349 | |||||||||||||
825,000 | PECO Energy Co | 3.000 | 09/15/49 | 839,620 | |||||||||||||
2,000,000 | g | Pelabuhan Indonesia III PT | 4.875 | 10/01/24 | 2,020,000 | ||||||||||||
2,000,000 | g | Perusahaan Listrik Negara PT | 4.125 | 05/15/27 | 1,927,230 | ||||||||||||
1,800,000 | g | Perusahaan Listrik Negara PT | 5.450 | 05/21/28 | 1,878,732 | ||||||||||||
2,000,000 | g | Petra Diamonds US Treasury plc | 7.250 | 05/01/22 | 460,000 | ||||||||||||
50,000 | Potomac Electric Power Co | 7.900 | 12/15/38 | 72,473 | |||||||||||||
300,000 | PPL Capital Funding, Inc | 3.950 | 03/15/24 | 309,404 |
243 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,750,000 | g | Promigas S.A. ESP | 3.750 | % | 10/16/29 | $ | 1,420,580 | |||||||||
2,475,000 | PSEG Power LLC | 3.850 | 06/01/23 | 2,517,514 | |||||||||||||
550,000 | Public Service Co of Colorado | 4.750 | 08/15/41 | 657,213 | |||||||||||||
1,600,000 | Public Service Co of Colorado | 4.050 | 09/15/49 | 1,812,694 | |||||||||||||
275,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 278,273 | |||||||||||||
1,733,000 | Public Service Electric & Gas Co | 3.850 | 05/01/49 | 1,937,728 | |||||||||||||
850,000 | Public Service Electric & Gas Co | 3.200 | 08/01/49 | 849,146 | |||||||||||||
2,614,926 | g | Solar Star Funding LLC | 3.950 | 06/30/35 | 2,651,802 | ||||||||||||
1,325,000 | Southern Co | 4.400 | 07/01/46 | 1,385,032 | |||||||||||||
1,800,000 | Southern Co Gas Capital Corp | 3.875 | 11/15/25 | 1,887,392 | |||||||||||||
625,000 | Southern Co Gas Capital Corp | 4.400 | 06/01/43 | 648,732 | |||||||||||||
425,000 | Southern Co Gas Capital Corp | 3.950 | 10/01/46 | 380,237 | |||||||||||||
1,650,000 | Southern Power Co | 2.500 | 12/15/21 | 1,625,224 | |||||||||||||
1,550,000 | Southern Power Co | 4.150 | 12/01/25 | 1,598,308 | |||||||||||||
650,000 | Virginia Electric & Power Co | 2.950 | 11/15/26 | 669,606 | |||||||||||||
650,000 | Virginia Electric & Power Co | 3.500 | 03/15/27 | 680,607 | |||||||||||||
775,000 | Virginia Electric & Power Co | 3.800 | 09/15/47 | 828,425 | |||||||||||||
750,000 | g | Vistra Operations Co LLC | 5.500 | 09/01/26 | 772,500 | ||||||||||||
850,000 | Wisconsin Power & Light Co | 4.100 | 10/15/44 | 901,372 | |||||||||||||
575,000 | Xcel Energy, Inc | 3.350 | 12/01/26 | 567,916 | |||||||||||||
215,000 | Xcel Energy, Inc | 4.800 | 09/15/41 | 231,795 | |||||||||||||
TOTAL UTILITIES | 121,864,280 | ||||||||||||||||
TOTAL CORPORATE BONDS | 1,721,596,951 | ||||||||||||||||
(Cost $1,773,013,587) | |||||||||||||||||
GOVERNMENT BONDS - 34.6% | |||||||||||||||||
AGENCY SECURITIES - 0.1% | |||||||||||||||||
2,500,000 | g | Reliance Industries Ltd | 3.667 | 11/30/27 | 2,351,018 | ||||||||||||
TOTAL AGENCY SECURITIES | 2,351,018 | ||||||||||||||||
FOREIGN GOVERNMENT BONDS - 3.1% | |||||||||||||||||
3,850,000 | g | Abu Dhabi Government International Bond | 3.125 | 09/30/49 | 3,577,420 | ||||||||||||
3,000,000 | g | Angolan Government International Bond | 8.250 | 05/09/28 | 1,209,347 | ||||||||||||
3,325,000 | g | Arab Petroleum Investments Corp | 4.125 | 09/18/23 | 3,324,615 | ||||||||||||
1,235,000 | † | Argentina Republic Government International Bond | 5.625 | 01/26/22 | 358,150 | ||||||||||||
550,000 | g | Banque Ouest Africaine de Developpement | 5.000 | 07/27/27 | 515,032 | ||||||||||||
2,000,000 | g | Banque Ouest Africaine de Developpement | 4.700 | 10/22/31 | 1,812,309 | ||||||||||||
17,500 | g | Barbados Government International Bond | 6.500 | 02/01/21 | 16,975 | ||||||||||||
287,000 | g | Barbados Government International Bond | 6.500 | 10/01/29 | 256,865 | ||||||||||||
4,000,000 | g | Bermuda Government International Bond | 3.717 | 01/25/27 | 3,810,000 | ||||||||||||
3,150,000 | g | Bermuda Government International Bond | 4.750 | 02/15/29 | 3,181,500 | ||||||||||||
3,100,000 | Brazilian Government International Bond | 5.625 | 02/21/47 | 3,188,381 | |||||||||||||
3,575,000 | Chile Government International Bond | 2.550 | 01/27/32 | 3,571,425 | |||||||||||||
3,000,000 | Colombia Government International Bond | 5.000 | 06/15/45 | 3,075,000 | |||||||||||||
825,000 | g | Costa Rica Government International Bond | 6.125 | 02/19/31 | 697,125 | ||||||||||||
1,850,000 | g | Costa Rica Government International Bond | 5.625 | 04/30/43 | 1,332,000 | ||||||||||||
DOP | 81,200,000 | g | Dominican Republic Government International Bond | 8.900 | 02/15/23 | 1,405,350 | |||||||||||
160,000,000 | g | Dominican Republic Government International Bond | 12.000 | 03/05/32 | 2,775,814 |
244 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 3,000,000 | g | Dominican Republic Government International Bond | 6.500 | % | 02/15/48 | $ | 2,640,000 | |||||||||
2,625,000 | †,g | Ecuador Government International Bond | 8.875 | 10/23/27 | 659,557 | ||||||||||||
2,525,000 | g | Egypt Government International Bond | 5.577 | 02/21/23 | 2,334,964 | ||||||||||||
EUR | 1,400,000 | g | Egypt Government International Bond | 5.625 | 04/16/30 | 1,173,981 | |||||||||||
$ | 2,475,000 | g | Egypt Government International Bond | 8.500 | 01/31/47 | 2,017,556 | |||||||||||
1,200,000 | g | El Salvador Government International Bond | 7.625 | 02/01/41 | 984,012 | ||||||||||||
1,500,000 | g | Export-Import Bank of China | 2.850 | 09/16/20 | 1,513,466 | ||||||||||||
1,375,000 | g | Export-Import Bank of India | 3.875 | 02/01/28 | 1,265,621 | ||||||||||||
2,200,000 | g | Ghana Government International Bond | 8.125 | 03/26/32 | 1,552,919 | ||||||||||||
1,500,000 | g | Ghana Government International Bond | 8.627 | 06/16/49 | 1,044,000 | ||||||||||||
1,675,000 | g | Guatemala Government International Bond | 4.375 | 06/05/27 | 1,608,000 | ||||||||||||
1,200,000 | g | Guatemala Government International Bond | 6.125 | 06/01/50 | 1,191,012 | ||||||||||||
1,100,000 | g | Iraq Government International Bond | 5.800 | 01/15/28 | 836,220 | ||||||||||||
3,100,000 | Israel Government International Bond | 3.250 | 01/17/28 | 3,288,236 | |||||||||||||
2,175,000 | Israel Government International Bond | 4.125 | 01/17/48 | 2,327,398 | |||||||||||||
EUR | 9,100,000 | Italy Buoni Poliennali Del Tesoro | 0.350 | 06/15/20 | 10,040,045 | ||||||||||||
$ | 3,025,000 | Jamaica Government International Bond | 8.000 | 03/15/39 | 3,297,280 | ||||||||||||
2,500,000 | g | Japan Finance Organization for Municipalities | 3.000 | 03/12/24 | 2,696,896 | ||||||||||||
550,000 | g | Kazakhstan Government International Bond | 4.875 | 10/14/44 | 620,262 | ||||||||||||
2,500,000 | g | Kenya Government International Bond | 7.000 | 05/22/27 | 2,300,591 | ||||||||||||
775,000 | g | Kommunalbanken AS. | 1.375 | 10/26/20 | 777,520 | ||||||||||||
1,560,000 | g | Kommunalbanken AS. | 2.750 | 02/05/24 | 1,683,342 | ||||||||||||
1,650,000 | g | Korea Housing Finance Corp | 2.000 | 10/11/21 | 1,658,811 | ||||||||||||
1,500,000 | g | Korea Housing Finance Corp | 3.000 | 10/31/22 | 1,555,290 | ||||||||||||
3,550,000 | g | Kuwait Government International Bond | 2.750 | 03/20/22 | 3,568,005 | ||||||||||||
2,200,000 | Mexico Government International Bond | 4.150 | 03/28/27 | 2,248,400 | |||||||||||||
575,000 | Mexico Government International Bond | 3.250 | 04/16/30 | 539,063 | |||||||||||||
1,859,000 | Mexico Government International Bond | 6.050 | 01/11/40 | 2,202,673 | |||||||||||||
550,000 | g | Morocco Government International Bond | 5.500 | 12/11/42 | 583,066 | ||||||||||||
1,400,000 | g | Namibia Government International Bond | 5.250 | 10/29/25 | 1,198,984 | ||||||||||||
1,500,000 | g | Nederlandse Waterschapsbank NV | 1.875 | 04/14/22 | 1,537,327 | ||||||||||||
2,425,000 | g | Nigeria Government International Bond | 6.500 | 11/28/27 | 1,673,154 | ||||||||||||
3,000,000 | Panama Government International Bond | 4.300 | 04/29/53 | 3,228,780 | |||||||||||||
1,600,000 | g | Panama Notas del Tesoro | 3.750 | 04/17/26 | 1,600,000 | ||||||||||||
925,000 | g | Paraguay Government International Bond | 4.700 | 03/27/27 | 925,009 | ||||||||||||
1,475,000 | g | Paraguay Government International Bond | 5.400 | 03/30/50 | 1,475,015 | ||||||||||||
3,400,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 3,424,786 | ||||||||||||
3,350,000 | g | Perusahaan Penerbit SBSN Indonesia III | 4.400 | 03/01/28 | 3,383,735 | ||||||||||||
PEN | 6,775,000 | g | Peruvian Government International Bond | 5.400 | 08/12/34 | 1,954,469 | |||||||||||
$ | 616,666 | g | Petroamazonas EP | 4.625 | 11/06/20 | 602,679 | |||||||||||
1,650,000 | †,g | Provincia de Buenos Aires | 7.875 | 06/15/27 | 429,000 | ||||||||||||
1,500,000 | g | Provincia de Mendoza Argentina | 8.375 | 05/19/24 | 675,000 | ||||||||||||
5,000,000 | Republic of Italy Government International Bond | 4.000 | 10/17/49 | 4,680,042 | |||||||||||||
2,475,000 | Republic of South Africa Government International Bond | 4.850 | 09/27/27 | 2,170,427 | |||||||||||||
2,150,000 | g | Republic of Uzbekistan Government International Bond | 4.750 | 02/20/24 | 2,102,443 | ||||||||||||
3,175,000 | g | Saudi Government International Bond | 4.500 | 04/17/30 | 3,427,176 | ||||||||||||
2,000,000 | g | Saudi Government International Bond | 3.750 | 01/21/55 | 1,840,188 | ||||||||||||
1,200,000 | g | Senegal Government International Bond | 6.250 | 05/23/33 | 1,073,607 | ||||||||||||
2,350,000 | South Africa Government International Bond | 4.300 | 10/12/28 | 1,927,487 | |||||||||||||
1,500,000 | g | Sri Lanka Government International Bond | 6.850 | 03/14/24 | 943,937 | ||||||||||||
1,550,000 | g | Sri Lanka Government International Bond | 6.850 | 11/03/25 | 913,167 |
245 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 2,050,000 | State of Israel | 3.375 | % | 01/15/50 | $ | 1,988,500 | ||||||||||
EUR | 3,475,000 | g | Ukraine Government International Bond | 4.375 | 01/27/30 | 3,066,344 | |||||||||||
$ | 3,000,000 | †,g | Zambia Government International Bond | 8.500 | 04/14/24 | 1,170,726 | |||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 139,727,476 | ||||||||||||||||
MORTGAGE BACKED - 17.1% | |||||||||||||||||
875 | Federal Home Loan Mortgage Corp (FHLMC) | 8.250 | 07/15/21 | 892 | |||||||||||||
334 | FHLMC | 7.000 | 04/15/22 | 341 | |||||||||||||
2,632,000 | FHLMC | 3.000 | 10/15/33 | 2,934,773 | |||||||||||||
5,091,685 | FHLMC | 3.500 | 08/15/43 | 5,420,845 | |||||||||||||
3,993,414 | i | FHLMC | 5.215 | 03/15/44 | 779,283 | ||||||||||||
11,799,540 | FHLMC | 4.000 | 10/01/47 | 12,842,175 | |||||||||||||
7,491,935 | i | FHLMC | 8.793 | 06/15/48 | 8,970,738 | ||||||||||||
6,050,131 | i | FHLMC | 8.713 | 10/15/48 | 7,626,524 | ||||||||||||
219 | Federal Home Loan Mortgage Corp Gold (FGLMC) | 7.000 | 10/01/20 | 219 | |||||||||||||
1,081 | FGLMC | 8.000 | 01/01/31 | 1,126 | |||||||||||||
207,872 | FGLMC | 7.000 | 12/01/33 | 245,279 | |||||||||||||
37,024 | FGLMC | 4.500 | 10/01/34 | 40,151 | |||||||||||||
66,337 | FGLMC | 7.000 | 05/01/35 | 78,398 | |||||||||||||
2,097,167 | FGLMC | 5.000 | 06/01/36 | 2,333,807 | |||||||||||||
1,067,856 | FGLMC | 4.500 | 10/01/44 | 1,186,162 | |||||||||||||
143,183 | FGLMC | 4.500 | 11/01/44 | 159,168 | |||||||||||||
216,149 | FGLMC | 4.500 | 11/01/44 | 240,106 | |||||||||||||
92,740 | FGLMC | 4.500 | 12/01/44 | 101,567 | |||||||||||||
132,456 | FGLMC | 4.500 | 12/01/44 | 147,071 | |||||||||||||
1,007,573 | FGLMC | 3.500 | 04/01/45 | 1,082,632 | |||||||||||||
4,038,303 | FGLMC | 3.500 | 08/01/45 | 4,348,014 | |||||||||||||
8,884,457 | FGLMC | 3.500 | 10/01/45 | 9,532,670 | |||||||||||||
6,000,063 | FGLMC | 4.000 | 12/01/45 | 6,544,778 | |||||||||||||
21,271,705 | FGLMC | 3.500 | 08/01/46 | 22,823,928 | |||||||||||||
33,516,212 | FGLMC | 3.000 | 02/01/47 | 35,351,824 | |||||||||||||
2,351,045 | FGLMC | 4.500 | 06/01/47 | 2,611,285 | |||||||||||||
2,890,125 | FGLMC | 4.000 | 09/01/47 | 3,171,859 | |||||||||||||
3,393,260 | FGLMC | 3.500 | 12/01/47 | 3,640,650 | |||||||||||||
34,180,426 | FGLMC | 3.500 | 03/01/48 | 36,668,844 | |||||||||||||
11,158,756 | FGLMC | 4.000 | 03/01/48 | 12,143,502 | |||||||||||||
3,048,664 | FGLMC | 4.000 | 07/01/48 | 3,317,721 | |||||||||||||
22,712,285 | FGLMC | 4.500 | 08/01/48 | 24,880,918 | |||||||||||||
63 | Federal National Mortgage Association (FNMA) | 7.000 | 06/25/20 | 63 | |||||||||||||
51 | FNMA | 9.000 | 07/25/20 | 51 | |||||||||||||
209 | FNMA | 6.500 | 08/25/20 | 211 | |||||||||||||
1,115 | FNMA | 6.500 | 09/25/20 | 1,124 | |||||||||||||
1,008 | FNMA | 6.750 | 06/25/21 | 1,016 | |||||||||||||
4,509 | FNMA | 7.000 | 10/25/21 | 4,597 | |||||||||||||
1,873 | FNMA | 7.000 | 07/01/22 | 1,888 | |||||||||||||
732 | FNMA | 6.500 | 07/25/22 | 768 | |||||||||||||
1,942 | FNMA | 9.000 | 11/01/25 | 2,137 | |||||||||||||
27,870 | FNMA | 7.000 | 05/01/26 | 30,854 | |||||||||||||
66,493 | FNMA | 7.000 | 07/25/26 | 74,022 | |||||||||||||
1,610 | FNMA | 7.500 | 01/01/29 | 1,803 | |||||||||||||
753 | FNMA | 7.500 | 02/01/30 | 875 | |||||||||||||
274,005 | FNMA | 6.500 | 12/01/31 | 312,351 |
246 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 327,961 | FNMA | 6.000 | % | 04/01/32 | $ | 364,106 | ||||||||||
2,632,969 | FNMA | 3.500 | 05/01/32 | 2,780,384 | |||||||||||||
265,138 | FNMA | 7.000 | 07/01/32 | 309,954 | |||||||||||||
87,654 | FNMA | 7.000 | 07/01/32 | 104,799 | |||||||||||||
58,106 | FNMA | 7.000 | 07/01/32 | 68,091 | |||||||||||||
2,262,867 | FNMA | 3.500 | 11/01/32 | 2,393,645 | |||||||||||||
64,752 | FNMA | 4.500 | 10/01/33 | 70,959 | |||||||||||||
51,641 | FNMA | 6.000 | 03/01/34 | 56,810 | |||||||||||||
2,944,950 | FNMA | 5.000 | 05/01/35 | 3,271,519 | |||||||||||||
283,236 | FNMA | 5.000 | 06/25/35 | 296,613 | |||||||||||||
1,642,919 | FNMA | 5.000 | 10/01/35 | 1,829,075 | |||||||||||||
1,258,065 | FNMA | 5.000 | 02/01/36 | 1,400,824 | |||||||||||||
1,597,356 | FNMA | 6.500 | 08/01/37 | 1,827,851 | |||||||||||||
75,147 | FNMA | 6.000 | 09/01/37 | 87,316 | |||||||||||||
867,289 | FNMA | 5.500 | 11/01/38 | 983,646 | |||||||||||||
940,438 | FNMA | 5.500 | 03/01/39 | 1,062,479 | |||||||||||||
951,285 | FNMA | 6.000 | 09/01/39 | 1,094,589 | |||||||||||||
573,732 | FNMA | 5.000 | 09/01/40 | 636,001 | |||||||||||||
750,495 | FNMA | 5.000 | 05/01/41 | 832,637 | |||||||||||||
6,822,600 | FNMA | 4.000 | 09/01/42 | 7,484,116 | |||||||||||||
531,000 | †,i | FNMA | 3.337 | 12/25/42 | 184,061 | ||||||||||||
2,131,758 | FNMA | 3.000 | 04/25/43 | 2,264,911 | |||||||||||||
5,045,738 | i | FNMA | 5.003 | 09/25/43 | 1,059,108 | ||||||||||||
4,272,269 | FNMA | 4.000 | 01/01/44 | 4,650,369 | |||||||||||||
1,463,043 | FNMA | 4.500 | 02/01/44 | 1,625,140 | |||||||||||||
222,525 | FNMA | 4.500 | 03/01/44 | 250,159 | |||||||||||||
1,169,196 | FNMA | 4.500 | 06/01/44 | 1,299,512 | |||||||||||||
3,549,960 | FNMA | 4.500 | 10/01/44 | 3,944,993 | |||||||||||||
1,070,878 | FNMA | 4.000 | 11/01/44 | 1,158,643 | |||||||||||||
1,179,885 | FNMA | 5.000 | 11/01/44 | 1,307,601 | |||||||||||||
1,217,288 | FNMA | 4.000 | 01/01/45 | 1,336,267 | |||||||||||||
5,038,785 | FNMA | 3.000 | 02/25/45 | 5,305,872 | |||||||||||||
4,861,260 | FNMA | 3.000 | 02/25/45 | 5,102,865 | |||||||||||||
269,751 | FNMA | 3.500 | 03/01/45 | 289,771 | |||||||||||||
184,334 | FNMA | 3.500 | 03/01/45 | 198,014 | |||||||||||||
450,054 | FNMA | 4.500 | 03/01/45 | 500,151 | |||||||||||||
2,892,513 | FNMA | 3.000 | 03/25/45 | 3,071,570 | |||||||||||||
4,178,081 | FNMA | 3.500 | 04/25/45 | 4,396,326 | |||||||||||||
2,534,044 | FNMA | 3.500 | 05/01/45 | 2,727,576 | |||||||||||||
8,240,000 | FNMA | 4.000 | 06/01/45 | 8,912,977 | |||||||||||||
2,809,546 | FNMA | 3.000 | 12/01/45 | 2,969,479 | |||||||||||||
3,035,109 | FNMA | 4.000 | 12/01/45 | 3,301,664 | |||||||||||||
1,035,033 | FNMA | 4.000 | 12/01/45 | 1,120,085 | |||||||||||||
10,817,606 | FNMA | 3.000 | 12/25/45 | 11,549,586 | |||||||||||||
1,272,965 | FNMA | 3.500 | 01/01/46 | 1,365,493 | |||||||||||||
6,935,193 | FNMA | 4.000 | 01/01/46 | 7,549,224 | |||||||||||||
4,327,708 | FNMA | 4.000 | 03/01/46 | 4,679,262 | |||||||||||||
666,863 | FNMA | 3.500 | 06/01/46 | 715,337 | |||||||||||||
6,578,318 | FNMA | 3.500 | 07/01/46 | 7,056,491 | |||||||||||||
7,990,051 | FNMA | 3.500 | 07/01/46 | 8,577,020 | |||||||||||||
337,329 | FNMA | 3.000 | 08/01/46 | 355,913 | |||||||||||||
8,474,232 | FNMA | 3.000 | 10/01/46 | 8,797,872 | |||||||||||||
2,336,913 | FNMA | 3.500 | 10/01/46 | 2,506,789 | |||||||||||||
42,917,666 | FNMA | 3.000 | 11/01/46 | 45,279,369 |
247 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 8,770,798 | FNMA | 3.500 | % | 12/01/46 | $ | 9,310,242 | ||||||||||
42,255,971 | FNMA | 3.500 | 01/01/47 | 44,790,622 | |||||||||||||
2,685,995 | FNMA | 3.000 | 04/25/47 | 2,862,492 | |||||||||||||
3,767,434 | FNMA | 4.500 | 05/01/47 | 4,122,500 | |||||||||||||
12,979,347 | FNMA | 3.500 | 08/01/47 | 13,822,247 | |||||||||||||
10,961,380 | FNMA | 3.500 | 09/01/47 | 11,661,403 | |||||||||||||
7,313,416 | FNMA | 3.000 | 11/01/47 | 7,590,359 | |||||||||||||
2,331,367 | FNMA | 3.500 | 11/01/47 | 2,509,692 | |||||||||||||
10,931,186 | FNMA | 4.000 | 12/01/47 | 11,897,148 | |||||||||||||
21,572,514 | h | FNMA | 3.500 | 01/01/48 | 23,225,211 | ||||||||||||
1,865,874 | FNMA | 3.500 | 01/01/48 | 2,008,041 | |||||||||||||
12,611,265 | FNMA | 4.500 | 01/01/48 | 13,815,786 | |||||||||||||
2,474,337 | FNMA | 4.500 | 02/01/48 | 2,709,554 | |||||||||||||
20,210,692 | FNMA | 3.000 | 02/25/48 | 21,383,585 | |||||||||||||
4,905,750 | FNMA | 4.000 | 03/01/48 | 5,336,775 | |||||||||||||
10,773,313 | FNMA | 4.500 | 03/01/48 | 11,797,433 | |||||||||||||
20,243,926 | FNMA | 3.500 | 04/01/48 | 21,383,928 | |||||||||||||
20,900,463 | FNMA | 4.000 | 04/01/48 | 22,406,987 | |||||||||||||
8,809,502 | FNMA | 4.500 | 05/01/48 | 9,646,982 | |||||||||||||
6,782,171 | FNMA | 4.500 | 05/01/48 | 7,426,927 | |||||||||||||
5,247,973 | FNMA | 5.000 | 06/01/48 | 5,671,238 | |||||||||||||
4,872,868 | FNMA | 5.000 | 08/01/48 | 5,401,096 | |||||||||||||
6,653,163 | FNMA | 3.000 | 11/25/48 | 681,568 | |||||||||||||
76,000,000 | h | FNMA | 3.000 | 04/25/49 | 79,696,094 | ||||||||||||
10,000,000 | h | FNMA | 3.500 | 04/25/49 | 10,578,516 | ||||||||||||
14,083 | FNMA | 3.000 | 05/01/49 | 14,602 | |||||||||||||
1,035,116 | FNMA | 3.000 | 08/01/49 | 1,096,292 | |||||||||||||
17,665,000 | FNMA | 2.500 | 04/01/50 | 18,307,436 | |||||||||||||
86,147 | Government National Mortgage Association (GNMA) | 5.000 | 02/15/33 | 93,096 | |||||||||||||
226,199 | GNMA | 5.000 | 09/15/33 | 248,795 | |||||||||||||
4,070,380 | GNMA | 3.700 | 10/15/33 | 4,380,680 | |||||||||||||
19,784 | GNMA | 5.500 | 04/15/34 | 22,335 | |||||||||||||
26,717 | GNMA | 5.000 | 04/15/38 | 29,766 | |||||||||||||
11,817 | GNMA | 4.500 | 02/20/39 | 13,601 | |||||||||||||
1,404,745 | GNMA | 4.500 | 02/20/41 | 1,547,777 | |||||||||||||
15,915 | GNMA | 4.500 | 08/20/41 | 17,944 | |||||||||||||
55,923 | GNMA | 4.500 | 09/20/41 | 64,317 | |||||||||||||
11,802 | GNMA | 4.500 | 01/20/44 | 13,590 | |||||||||||||
11,102 | GNMA | 4.500 | 02/20/44 | 12,583 | |||||||||||||
25,239 | GNMA | 4.500 | 05/20/44 | 29,052 | |||||||||||||
160,316 | GNMA | 4.500 | 05/20/44 | 184,575 | |||||||||||||
181,601 | GNMA | 4.500 | 08/20/44 | 208,941 | |||||||||||||
117,593 | GNMA | 4.500 | 09/20/44 | 135,410 | |||||||||||||
70,179 | GNMA | 4.500 | 10/20/44 | 79,848 | |||||||||||||
27,674 | GNMA | 4.500 | 11/20/44 | 29,937 | |||||||||||||
115,401 | GNMA | 4.500 | 12/20/44 | 132,856 | |||||||||||||
154,425 | GNMA | 4.500 | 02/20/45 | 173,769 | |||||||||||||
180,887 | GNMA | 4.500 | 08/20/45 | 208,299 | |||||||||||||
181,000 | GNMA | 4.500 | 08/20/45 | 208,428 | |||||||||||||
167,444 | GNMA | 4.500 | 12/20/45 | 190,050 | |||||||||||||
7,647,050 | † | GNMA | 4.000 | 06/20/46 | 910,470 | ||||||||||||
8,938,567 | GNMA | 3.500 | 01/20/49 | 9,755,571 | |||||||||||||
TOTAL MORTGAGE BACKED | 781,870,340 |
248 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
MUNICIPAL BONDS - 4.9% | |||||||||||||||||
$ | 1,000,000 | Anaheim City School District | 3.825 | % | 08/01/23 | $ | 1,075,220 | ||||||||||
5,000,000 | California Housing Finance Agency | 2.966 | 08/01/22 | 5,147,400 | |||||||||||||
2,000,000 | California State University | 3.803 | 11/01/30 | 2,241,660 | |||||||||||||
9,745,000 | Chicago Housing Authority | 3.922 | 01/01/27 | 10,870,840 | |||||||||||||
7,500,000 | Chicago Housing Authority | 4.361 | 01/01/38 | 8,664,300 | |||||||||||||
1,620,000 | City & County of San Francisco CA Community Facilities District | 3.000 | 09/01/25 | 1,720,246 | |||||||||||||
1,200,000 | City & County of San Francisco CA Community Facilities District | 3.250 | 09/01/27 | 1,302,096 | |||||||||||||
5,500,000 | City of Austin TX Electric Utility Revenue | 3.336 | 11/15/39 | 5,572,600 | |||||||||||||
5,500,000 | City of Cleveland OH Airport System Revenue | 2.492 | 01/01/25 | 5,594,930 | |||||||||||||
4,155,000 | City of Cleveland OH Airport System Revenue | 2.832 | 01/01/30 | 4,194,306 | |||||||||||||
1,040,000 | City of Fort Worth TX | 3.955 | 03/01/32 | 1,110,980 | |||||||||||||
1,390,000 | City of Fort Worth TX | 4.088 | 03/01/37 | 1,475,499 | |||||||||||||
2,500,000 | City of Inglewood CA | 4.300 | 09/01/40 | 2,702,000 | |||||||||||||
7,300,000 | City of New York NY | 2.280 | 08/01/25 | 7,322,484 | |||||||||||||
500,000 | City of San Angelo TX Water & Sewer Revenue | 4.261 | 02/15/37 | 518,555 | |||||||||||||
2,995,000 | County of Miami-Dade FL Aviation Revenue | 2.218 | 10/01/22 | 2,976,221 | |||||||||||||
5,000,000 | County of Miami-Dade FL Aviation Revenue | 2.368 | 10/01/23 | 4,948,900 | |||||||||||||
3,425,000 | County of Miami-Dade FL Aviation Revenue | 2.949 | 10/01/25 | 3,598,476 | |||||||||||||
1,555,000 | County of Miami-Dade FL Aviation Revenue | 3.354 | 10/01/29 | 1,661,455 | |||||||||||||
5,475,000 | County of Miami-Dade FL Aviation Revenue | 4.280 | 10/01/41 | 5,844,617 | |||||||||||||
2,000,000 | Denver City & County School District No | 4.242 | 12/15/37 | 2,179,760 | |||||||||||||
2,000,000 | Florida Municipal Power Agency | 2.769 | 10/01/23 | 2,058,120 | |||||||||||||
2,100,000 | Florida Municipal Power Agency | 2.919 | 10/01/24 | 2,194,206 | |||||||||||||
3,000,000 | Florida Municipal Power Agency | 3.059 | 10/01/25 | 3,178,710 | |||||||||||||
12,920,000 | Grand Parkway Transportation Corp | 3.236 | 10/01/52 | 12,546,741 | |||||||||||||
600,000 | Grant County Public Utility District No 2 | 5.630 | 01/01/27 | 745,044 | |||||||||||||
845,000 | Illinois Housing Development Authority | 4.105 | 07/01/27 | 880,913 | |||||||||||||
2,430,000 | Indiana Finance Authority | 3.166 | 07/01/30 | 2,587,658 | |||||||||||||
2,270,000 | Los Angeles County Public Works Financing Authority | 2.910 | 12/01/20 | 2,298,897 | |||||||||||||
1,250,000 | Los Angeles County Public Works Financing Authority | 3.450 | 12/01/22 | 1,319,588 | |||||||||||||
2,000,000 | Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy | 2.000 | 09/01/22 | 2,012,960 | |||||||||||||
3,960,000 | Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy | 4.000 | 08/01/24 | 4,306,381 | |||||||||||||
3,840,000 | Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy | 3.375 | 09/01/35 | 3,942,989 | |||||||||||||
1,250,000 | Maryland Community Development Administration Housing Revenue | 2.713 | 03/01/25 | 1,265,450 | |||||||||||||
5,000,000 | Maryland Health & Higher Educational Facilities Authority | 3.632 | 07/01/24 | 5,367,950 | |||||||||||||
410,000 | Massachusetts Housing Finance Agency | 4.786 | 12/01/32 | 426,105 | |||||||||||||
1,135,000 | Massachusetts Housing Finance Agency | 4.621 | 12/01/38 | 1,149,301 | |||||||||||||
565,000 | Massachusetts Housing Finance Agency | 4.721 | 06/01/40 | 572,085 | |||||||||||||
3,500,000 | Massachusetts Water Resources Authority | 2.453 | 08/01/31 | 3,556,385 | |||||||||||||
3,500,000 | Massachusetts Water Resources Authority | 2.553 | 08/01/32 | 3,552,570 | |||||||||||||
575,000 | New Jersey Economic Development Authority | 3.500 | 06/15/20 | 577,685 | |||||||||||||
1,000,000 | New Jersey Economic Development Authority | 3.800 | 06/15/20 | 1,005,270 |
249 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 7,500,000 | New Jersey Economic Development Authority | 4.271 | % | 06/15/20 | $ | 7,542,975 | ||||||||||
500,000 | New Jersey Economic Development Authority | 3.700 | 06/15/21 | 512,090 | |||||||||||||
3,515,000 | New Jersey Economic Development Authority | 4.150 | 06/15/22 | 3,707,095 | |||||||||||||
1,500,000 | New Jersey Educational Facilities Authority | 2.304 | 07/01/22 | 1,510,740 | |||||||||||||
1,415,000 | New Jersey Educational Facilities Authority | 2.504 | 07/01/23 | 1,436,055 | |||||||||||||
1,615,000 | New Jersey Institute of Technology | 4.177 | 07/01/37 | 1,715,792 | |||||||||||||
2,655,000 | New York City Transitional Finance Authority Future Tax Secured Revenue | 5.000 | 02/01/23 | 2,893,525 | |||||||||||||
1,000,000 | New York City Transitional Finance Authority Future Tax Secured Revenue | 3.780 | 02/01/26 | 1,087,960 | |||||||||||||
2,495,000 | New York Transportation Development Corp | 5.000 | 01/01/27 | 2,496,223 | |||||||||||||
5,000,000 | g | Oregon State Business Development Commission | 6.500 | 04/01/31 | 3,468,900 | ||||||||||||
2,500,000 | Palm Beach County Solid Waste Authority | 2.636 | 10/01/24 | 2,625,925 | |||||||||||||
1,690,000 | Port of Corpus Christi Authority of Nueces County | 2.888 | 12/01/21 | 1,725,304 | |||||||||||||
2,000,000 | Port of Seattle WA | 3.471 | 05/01/31 | 2,141,080 | |||||||||||||
3,975,000 | Public Finance Authority | 4.269 | 07/01/40 | 4,426,441 | |||||||||||||
860,000 | Public Finance Authority | 4.269 | 07/01/40 | 973,950 | |||||||||||||
1,390,000 | Regents of the University of California Medical Center Pooled Revenue | 2.659 | 05/15/28 | 1,503,911 | |||||||||||||
1,800,000 | Regents of the University of California Medical Center Pooled Revenue | 2.759 | 05/15/29 | 1,968,318 | |||||||||||||
5,000,000 | Rhode Island Convention Center Authority | 3.195 | 05/15/26 | 5,387,550 | |||||||||||||
3,750,000 | Rhode Island Convention Center Authority | 3.265 | 05/15/27 | 4,025,137 | |||||||||||||
5,000,000 | San Jose Redevelopment Agency | 3.250 | 08/01/29 | 5,192,700 | |||||||||||||
2,045,000 | Sangamon County Water Reclamation District | 3.272 | 01/01/37 | 2,061,094 | |||||||||||||
2,100,000 | State of Colorado | 4.047 | 09/01/38 | 2,315,397 | |||||||||||||
500,000 | University of California | 2.676 | 05/15/21 | 507,090 | |||||||||||||
4,500,000 | University of California | 2.817 | 05/15/24 | 4,721,535 | |||||||||||||
7,000,000 | University of California | 3.063 | 07/01/25 | 7,503,440 | |||||||||||||
3,000,000 | University of California | 3.169 | 05/15/29 | 3,238,920 | |||||||||||||
4,385,000 | Virgin Islands Public Finance Authority | 5.000 | 10/01/21 | 4,360,356 | |||||||||||||
3,585,000 | g | Virgin Islands Water & Power Authority-Electric System | 7.000 | 07/01/20 | 3,578,189 | ||||||||||||
2,740,000 | Virginia Housing Development Authority | 3.668 | 10/01/27 | 2,810,911 | |||||||||||||
1,245,000 | Wake Forest University | 3.093 | 06/01/26 | 1,291,222 | |||||||||||||
TOTAL MUNICIPAL BONDS | 224,997,378 | ||||||||||||||||
U.S. TREASURY SECURITIES - 9.4% | |||||||||||||||||
17,000,000 | United States Treasury Bond | 4.375 | 11/15/39 | 26,897,851 | |||||||||||||
12,000,000 | United States Treasury Bond | 2.500 | 02/15/46 | 15,083,437 | |||||||||||||
15,000,000 | United States Treasury Bond | 2.500 | 05/15/46 | 18,870,117 | |||||||||||||
10,675,000 | United States Treasury Bond | 3.000 | 05/15/47 | 14,757,354 | |||||||||||||
14,400,000 | United States Treasury Bond | 2.750 | 08/15/47 | 19,034,438 | |||||||||||||
5,845,000 | United States Treasury Bond | 2.750 | 11/15/47 | 7,736,634 | |||||||||||||
33,350,000 | United States Treasury Bond | 3.000 | 02/15/48 | 46,164,998 | |||||||||||||
45,080,000 | United States Treasury Bond | 3.000 | 08/15/48 | 62,678,809 | |||||||||||||
20,680,000 | United States Treasury Bond | 2.250 | 08/15/49 | 25,160,128 | |||||||||||||
11,920,000 | United States Treasury Bond | 2.375 | 11/15/49 | 14,877,650 | |||||||||||||
21,766,400 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 04/15/21 | 21,324,322 | ||||||||||||
15,909,300 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 04/15/22 | 15,683,563 | ||||||||||||
20,768,800 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 04/15/23 | 20,927,385 | ||||||||||||
10,855,500 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 01/15/26 | 11,216,993 | ||||||||||||
4,052,088 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 01/15/28 | 4,225,186 | ||||||||||||
895,000 | United States Treasury Note | 2.375 | 04/30/20 | 896,636 |
250 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 15,000,000 | United States Treasury Note | 1.625 | % | 06/30/20 | $ | 15,056,904 | ||||||||||
10,000,000 | United States Treasury Note | 1.625 | 07/31/20 | 10,048,424 | |||||||||||||
65,000,000 | United States Treasury Note | 2.625 | 08/15/20 | 65,619,531 | |||||||||||||
1,925,000 | United States Treasury Note | 0.500 | 03/15/23 | 1,937,031 | |||||||||||||
150,000 | United States Treasury Note | 0.625 | 03/31/27 | 150,756 | |||||||||||||
5,670,000 | United States Treasury Note | 1.500 | 02/15/30 | 6,112,742 | |||||||||||||
5,000,000 | United States Treasury Note | 2.000 | 02/15/50 | 5,807,227 | |||||||||||||
TOTAL U.S. TREASURY SECURITIES | 430,268,116 | ||||||||||||||||
TOTAL GOVERNMENT BONDS | 1,579,214,328 | ||||||||||||||||
(Cost $1,494,978,698) | |||||||||||||||||
STRUCTURED ASSETS - 20.5% | |||||||||||||||||
ASSET BACKED - 7.4% | |||||||||||||||||
2,938,519 | g | AASET Trust | 4.335 | 01/16/40 | 1,944,497 | ||||||||||||
Series - 2020 1A (Class B) | |||||||||||||||||
961,406 | g | AASET Trust | 6.413 | 01/16/40 | 593,096 | ||||||||||||
Series - 2020 1A (Class C) | |||||||||||||||||
7,036,885 | g | Adams Outdoor Advertising LP | 4.810 | 11/15/48 | 7,019,886 | ||||||||||||
Series - 2018 1 (Class A) | |||||||||||||||||
5,000,000 | g | Adams Outdoor Advertising LP | 7.356 | 11/15/48 | 4,851,278 | ||||||||||||
Series - 2018 1 (Class C) | |||||||||||||||||
1,199,692 | American Airlines Pass Through Trust | 3.575 | 01/15/28 | 1,138,126 | |||||||||||||
Series - 2016 1 (Class AA) | |||||||||||||||||
400,000 | American Express Credit Account Master Trust | 3.060 | 02/15/24 | 407,383 | |||||||||||||
Series - 2018 6 (Class A) | |||||||||||||||||
1,576,079 | g | American Homes 4 Rent Trust | 3.786 | 10/17/36 | 1,583,936 | ||||||||||||
Series - 2014 SFR2 (Class A) | |||||||||||||||||
1,360,000 | g | AMSR Trust | 1.819 | 04/17/37 | 1,260,993 | ||||||||||||
Series - 2020 SFR1 (Class A) | |||||||||||||||||
2,625,000 | g,i | AMSR Trust | 3.247 | 01/19/39 | 2,094,809 | ||||||||||||
Series - 2019 SFR1 (Class D) | |||||||||||||||||
1,000,000 | g,i | Apidos CLO XXIX | 3.344 | 07/25/30 | 885,541 | ||||||||||||
Series - 2018 29A (Class A2) | |||||||||||||||||
931,752 | †,g | Apollo Aviation Securitization Equity Trust | 6.413 | 01/16/38 | 772,954 | ||||||||||||
Series - 2018 1A (Class C) | |||||||||||||||||
984,100 | g | Apollo Aviation Securitization Equity Trust | 3.844 | 05/15/39 | 741,369 | ||||||||||||
Series - 2019 1 (Class A) | |||||||||||||||||
4,015,000 | g | Applebee’s Funding LLC | 4.194 | 06/07/49 | 3,651,642 | ||||||||||||
Series - 2019 1A (Class A2I) | |||||||||||||||||
1,730,000 | g | Applebee’s Funding LLC | 4.723 | 06/07/49 | 1,494,149 | ||||||||||||
Series - 2019 1A (Class A2II) | |||||||||||||||||
2,150,000 | g,i | AREIT Trust | 1.725 | 09/14/36 | 1,980,243 | ||||||||||||
Series - 2019 CRE3 (Class A) | |||||||||||||||||
265,996 | i | Asset Backed Securities Corp Home Equity Loan Trust | 3.386 | 08/25/34 | 250,322 | ||||||||||||
Series - 2004 HE5 (Class M1) | |||||||||||||||||
3,000,000 | g | Avis Budget Rental Car Funding AESOP LLC | 3.780 | 06/20/22 | 2,937,526 | ||||||||||||
Series - 2016 1A (Class B) | |||||||||||||||||
5,000,000 | g | Avis Budget Rental Car Funding AESOP LLC | 3.360 | 11/20/22 | 4,906,634 | ||||||||||||
Series - 2016 2A (Class B) | |||||||||||||||||
6,830,000 | g | Avis Budget Rental Car Funding AESOP LLC | 4.830 | 11/20/22 | 6,823,223 | ||||||||||||
Series - 2016 2A (Class C) |
251 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,500,000 | g | Avis Budget Rental Car Funding AESOP LLC | 4.150 | % | 09/20/23 | $ | 1,471,955 | |||||||||
Series - 2017 1A (Class C) | |||||||||||||||||
8,500,000 | g | Avis Budget Rental Car Funding AESOP LLC | 2.970 | 03/20/24 | 7,968,185 | ||||||||||||
Series - 2017 2A (Class A) | |||||||||||||||||
975,000 | g | Avis Budget Rental Car Funding AESOP LLC | 4.950 | 03/20/25 | 632,942 | ||||||||||||
Series - 2018 2A (Class C) | |||||||||||||||||
1,910,000 | g | Avis Budget Rental Car Funding AESOP LLC | 4.240 | 09/22/25 | 1,824,187 | ||||||||||||
Series - 2019 2A (Class C) | |||||||||||||||||
444,106 | i | Bayview Financial Mortgage Pass-Through Trust | 5.500 | 12/28/35 | 422,992 | ||||||||||||
Series - 2005 D (Class AF4) | |||||||||||||||||
1,500,000 | i | Bayview Financial Mortgage Pass-Through Trust | 1.591 | 02/28/41 | 1,397,353 | ||||||||||||
Series - 2006 A (Class M3) | |||||||||||||||||
100,000 | i | Bear Stearns Asset Backed Securities Trust | 1.617 | 04/25/36 | 95,641 | ||||||||||||
Series - 2006 SD1 (Class M1) | |||||||||||||||||
3,448,829 | g | BRE Grand Islander Timeshare Issuer LLC | 3.280 | 09/26/33 | 3,405,512 | ||||||||||||
Series - 2019 A (Class A) | |||||||||||||||||
4,766,060 | g | Capital Automotive REIT | 3.660 | 10/15/44 | 4,299,849 | ||||||||||||
Series - 2014 1A (Class A) | |||||||||||||||||
4,717,336 | g | Capital Automotive REIT | 3.870 | 04/15/47 | 4,133,719 | ||||||||||||
Series - 2017 1A (Class A1) | |||||||||||||||||
5,100,000 | g | Capital Automotive REIT | 4.520 | 02/15/50 | 3,652,620 | ||||||||||||
Series - 2020 1A (Class B2) | |||||||||||||||||
180,000 | Capital One Multi-Asset Execution Trust | 1.720 | 08/15/24 | 181,717 | |||||||||||||
Series - 2019 A2 (Class A2) | |||||||||||||||||
250,000 | Capital One Multi-Asset Execution Trust | 2.290 | 07/15/25 | 246,630 | |||||||||||||
Series - 2017 A6 (Class A6) | |||||||||||||||||
1,455,258 | i | C-BASS Trust | 1.027 | 07/25/36 | 1,322,798 | ||||||||||||
Series - 2006 CB6 (Class A1) | |||||||||||||||||
6,451,318 | †,g,i | CBRE Realty Finance | 2.343 | 04/07/52 | 0 | ||||||||||||
Series - 2007 1A (Class A2) | |||||||||||||||||
333,333 | g | CCR, Inc | 4.750 | 07/10/22 | 340,421 | ||||||||||||
Series - 2012 CA (Class C) | |||||||||||||||||
26,680 | Centex Home Equity | 5.540 | 01/25/32 | 26,233 | |||||||||||||
Series - 2002 A (Class AF6) | |||||||||||||||||
460,000 | i | Citigroup Mortgage Loan Trust | 1.697 | 01/25/36 | 440,914 | ||||||||||||
Series - 2006 WFH1 (Class M4) | |||||||||||||||||
1,730,000 | g | Corevest American Finance Trust | 1.832 | 03/15/50 | 1,611,669 | ||||||||||||
Series - 2020 1 (Class A1) | |||||||||||||||||
25,278 | Countrywide Asset-Backed Certificates (Step Bond) | 5.216 | 10/25/27 | 25,797 | |||||||||||||
Series - 2002 S4 (Class A5) | |||||||||||||||||
950,000 | g | CSMC Trust | 3.196 | 07/10/34 | 941,869 | ||||||||||||
Series - 2017 MOON (Class A) | |||||||||||||||||
4,887,500 | g | DB Master Finance LLC | 3.629 | 11/20/47 | 4,702,068 | ||||||||||||
Series - 2017 1A (Class A2I) | |||||||||||||||||
10,197,938 | g | DB Master Finance LLC | 3.787 | 05/20/49 | 9,856,205 | ||||||||||||
Series - 2019 1A (Class A2I) | |||||||||||||||||
4,451,363 | g | DB Master Finance LLC | 4.021 | 05/20/49 | 4,263,381 | ||||||||||||
Series - 2019 1A (Class A2II) | |||||||||||||||||
3,225,625 | g | DB Master Finance LLC | 4.352 | 05/20/49 | 3,065,731 | ||||||||||||
Series - 2019 1A (Class A23) | |||||||||||||||||
3,437,606 | g | Diamond Resorts Owner Trust | 3.700 | 01/21/31 | 3,403,129 | ||||||||||||
Series - 2018 1 (Class A) |
252 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 916,695 | g | Diamond Resorts Owner Trust | 5.900 | % | 01/21/31 | $ | 912,016 | |||||||||
Series - 2018 1 (Class D) | |||||||||||||||||
3,490,461 | g | Diamond Resorts Owner Trust | 2.890 | 02/20/32 | 3,366,801 | ||||||||||||
Series - 2019 1A (Class A) | |||||||||||||||||
4,747,800 | g | Domino’s Pizza Master Issuer LLC | 4.474 | 10/25/45 | 4,607,787 | ||||||||||||
Series - 2015 1A (Class A2II) | |||||||||||||||||
1,881,688 | g | Domino’s Pizza Master Issuer LLC | 3.082 | 07/25/47 | 1,816,449 | ||||||||||||
Series - 2017 1A (Class A2II) | |||||||||||||||||
4,887,500 | g | Domino’s Pizza Master Issuer LLC | 4.118 | 07/25/47 | 4,731,686 | ||||||||||||
Series - 2017 1A (Class A23) | |||||||||||||||||
1,576,000 | g | Domino’s Pizza Master Issuer LLC | 4.116 | 07/25/48 | 1,521,660 | ||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||||
2,970,000 | g | Driven Brands Funding LLC | 4.641 | 04/20/49 | 2,841,280 | ||||||||||||
Series - 2019 1A (Class A2) | |||||||||||||||||
5,000,000 | g,i | Dryden 50 Senior Loan Fund | 4.081 | 07/15/30 | 4,299,461 | ||||||||||||
Series - 2017 50A (Class C) | |||||||||||||||||
2,114,261 | g,i | Ellington Loan Acquisition Trust | 2.047 | 05/25/37 | 2,017,423 | ||||||||||||
Series - 2007 2 (Class A2C) | |||||||||||||||||
1,473,338 | g | FOCUS Brands Funding LLC | 5.093 | 04/30/47 | 1,215,032 | ||||||||||||
Series - 2017 1A (Class A2II) | |||||||||||||||||
4,100,000 | g,i | Galaxy XIX CLO Ltd | 0.000 | 07/24/30 | 3,909,990 | ||||||||||||
Series - 2015 19A (Class A1R) | |||||||||||||||||
732,562 | g | HERO Funding Trust | 4.500 | 09/21/42 | 734,332 | ||||||||||||
Series - 2016 1R (Class A1) | |||||||||||||||||
588,258 | g | HERO Funding Trust | 3.280 | 09/20/48 | 605,906 | ||||||||||||
Series - 2017 2A (Class A1) | |||||||||||||||||
1,176,516 | g | HERO Funding Trust | 4.070 | 09/20/48 | 1,228,675 | ||||||||||||
Series - 2017 2A (Class A2) | |||||||||||||||||
3,050,000 | g | Hertz Vehicle Financing II LP | 4.260 | 05/25/25 | 2,872,815 | ||||||||||||
Series - 2019 2A (Class C) | |||||||||||||||||
10,000,000 | g | Hertz Vehicle Financing LLC | 4.030 | 07/25/24 | 9,522,331 | ||||||||||||
Series - 2018 3A (Class A) | |||||||||||||||||
1,168,633 | g | Hilton Grand Vacations Trust | 2.660 | 12/26/28 | 1,147,273 | ||||||||||||
Series - 2017 AA (Class A) | |||||||||||||||||
1,947,721 | g | Hilton Grand Vacations Trust | 2.960 | 12/26/28 | 1,911,673 | ||||||||||||
Series - 2017 AA (Class B) | |||||||||||||||||
1,624,576 | g | Hilton Grand Vacations Trust | 4.000 | 02/25/32 | 1,616,260 | ||||||||||||
Series - 2018 AA (Class C) | |||||||||||||||||
4,737,307 | g | Hilton Grand Vacations Trust | 2.340 | 07/25/33 | 4,014,691 | ||||||||||||
Series - 2019 AA (Class A) | |||||||||||||||||
4,105,666 | g | Hilton Grand Vacations Trust | 2.840 | 07/25/33 | 3,334,673 | ||||||||||||
Series - 2019 AA (Class C) | |||||||||||||||||
61,778 | i | Home Equity Asset Trust | 3.986 | 06/25/33 | 58,021 | ||||||||||||
Series - 2003 1 (Class M1) | |||||||||||||||||
2,371,795 | g | Horizon Aircraft Finance II Ltd | 3.721 | 07/15/39 | 1,659,394 | ||||||||||||
Series - 2019 1 (Class A) | |||||||||||||||||
464,147 | g | Horizon Aircraft Finance II Ltd | 6.900 | 07/15/39 | 276,064 | ||||||||||||
Series - 2019 1 (Class C) | |||||||||||||||||
8,541,667 | g | Horizon Aircraft Finance III Ltd | 3.425 | 11/15/39 | 5,977,495 | ||||||||||||
Series - 2019 2 (Class A) | |||||||||||||||||
1,381,687 | g,i | Invitation Homes Trust | 1.605 | 06/17/37 | 1,273,190 | ||||||||||||
Series - 2018 SFR2 (Class A) | |||||||||||||||||
200,000 | g,i | Invitation Homes Trust | 2.155 | 06/17/37 | 169,931 | ||||||||||||
Series - 2018 SFR2 (Class D) |
253 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 773,786 | i | JP Morgan Mortgage Acquisition Trust | 1.267 | % | 03/25/37 | $ | 708,319 | |||||||||
Series - 2007 CH3 (Class A1B) | |||||||||||||||||
10,817,714 | i | JP Morgan Mortgage Acquisition Trust | 1.107 | 06/25/37 | 10,001,438 | ||||||||||||
Series - 2007 CH5 (Class A1) | |||||||||||||||||
3,750,000 | g | LUNAR AIRCRAFT LTD | 4.335 | 02/15/45 | 2,430,601 | ||||||||||||
Series - 2020 1A (Class B) | |||||||||||||||||
1,450,000 | g | LUNAR AIRCRAFT LTD | 6.413 | 02/15/45 | 890,016 | ||||||||||||
Series - 2020 1A (Class C) | |||||||||||||||||
493,346 | MASTR Asset Backed Securities Trust (Step Bond) | 5.648 | 11/25/35 | 479,830 | |||||||||||||
Series - 2005 AB1 (Class A4) | |||||||||||||||||
998,993 | Mid-State Capital Trust | 5.745 | 01/15/40 | 1,019,148 | |||||||||||||
Series - 2005 1 (Class A) | |||||||||||||||||
2,095,676 | g | Mosaic Solar Loans LLC | 3.820 | 06/22/43 | 2,078,063 | ||||||||||||
Series - 2017 2A (Class A) | |||||||||||||||||
800,000 | g,i | MSCG Trust | 3.462 | 06/07/35 | 683,340 | ||||||||||||
Series - 2015 ALDR (Class C) | |||||||||||||||||
4,310,000 | g,i | MSCG Trust | 3.462 | 06/07/35 | 3,107,862 | ||||||||||||
Series - 2015 ALDR (Class D) | |||||||||||||||||
753,837 | g | MVW Owner Trust | 2.520 | 12/20/32 | 742,186 | ||||||||||||
Series - 2015 1A (Class A) | |||||||||||||||||
1,036,943 | g | MVW Owner Trust | 2.640 | 12/20/33 | 1,008,040 | ||||||||||||
Series - 2016 1A (Class B) | |||||||||||||||||
1,406,413 | g | MVW Owner Trust | 2.420 | 12/20/34 | 1,368,721 | ||||||||||||
Series - 2017 1A (Class A) | |||||||||||||||||
2,525,525 | g | MVW Owner Trust | 3.900 | 01/21/36 | 2,429,606 | ||||||||||||
Series - 2018 1A (Class C) | |||||||||||||||||
2,637,875 | g | MVW Owner Trust | 3.330 | 11/20/36 | 2,411,986 | ||||||||||||
Series - 2019 1A (Class C) | |||||||||||||||||
1,180,000 | g,i | Myers Park CLO Ltd | 3.419 | 10/20/30 | 1,058,938 | ||||||||||||
Series - 2018 1A (Class B1) | |||||||||||||||||
516,092 | Oakwood Mortgage Investors, Inc | 5.410 | 11/15/32 | 515,263 | |||||||||||||
Series - 2002 C (Class A1) | |||||||||||||||||
180,717 | g,i | Orange Lake Timeshare Trust | 3.030 | 07/09/29 | 179,330 | ||||||||||||
Series - 2014 AA (Class B) | |||||||||||||||||
938,868 | g | Orange Lake Timeshare Trust | 3.100 | 11/08/30 | 920,841 | ||||||||||||
Series - 2018 A (Class A) | |||||||||||||||||
3,170,536 | g | Pioneer Aircraft Finance Ltd | 3.967 | 06/15/44 | 2,216,844 | ||||||||||||
Series - 2019 1 (Class A) | |||||||||||||||||
6,156,250 | g | Planet Fitness Master Issuer LLC | 4.262 | 09/05/48 | 5,801,835 | ||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||||
2,462,500 | g | Planet Fitness Master Issuer LLC | 4.666 | 09/05/48 | 2,190,345 | ||||||||||||
Series - 2018 1A (Class A2II) | |||||||||||||||||
876,736 | g | Pretium Mortgage Credit Partners I LLC (Step Bond) | 3.844 | 12/25/58 | 760,150 | ||||||||||||
Series - 2019 NPL2 (Class A1) | |||||||||||||||||
1,796,656 | g | Progress Residential Trust | 2.897 | 12/17/34 | 1,786,950 | ||||||||||||
Series - 2017 SFR2 (Class A) | |||||||||||||||||
1,776,300 | g | PRPM LLC (Step Bond) | 3.967 | 04/25/24 | 1,588,846 | ||||||||||||
Series - 2019 2A (Class A1) | |||||||||||||||||
740,000 | i | RASC Trust | 3.080 | 08/25/35 | 709,303 | ||||||||||||
Series - 2005 KS8 (Class M4) | |||||||||||||||||
7,980,000 | g | SERVPRO Master Issuer LLC | 3.882 | 10/25/49 | 7,386,607 | ||||||||||||
Series - 2019 1A (Class A2) |
254 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 4,975,000 | g | Sesac Finance LLC | 5.216 | % | 07/25/49 | $ | 4,673,067 | |||||||||
Series - 2019 1 (Class A2) | |||||||||||||||||
4,728,716 | g | Settlement Fee Finance LLC | 3.840 | 11/01/49 | 4,510,375 | ||||||||||||
Series - 2019 1A (Class A) | |||||||||||||||||
947,946 | g | Sierra Timeshare Receivables Funding LLC | 2.580 | 09/20/32 | 939,863 | ||||||||||||
Series - 2015 3A (Class A) | |||||||||||||||||
1,326,642 | g | Sierra Timeshare Receivables Funding LLC | 3.080 | 09/20/32 | 1,315,995 | ||||||||||||
Series - 2015 3A (Class B) | |||||||||||||||||
731,912 | g | Sierra Timeshare Receivables Funding LLC | 2.330 | 07/20/33 | 721,845 | ||||||||||||
Series - 2016 2A (Class A) | |||||||||||||||||
1,463,823 | g | Sierra Timeshare Receivables Funding LLC | 2.780 | 07/20/33 | 1,444,118 | ||||||||||||
Series - 2016 2A (Class B) | |||||||||||||||||
2,071,128 | g | Sierra Timeshare Receivables Funding LLC | 3.200 | 03/20/34 | 2,040,234 | ||||||||||||
Series - 2017 1A (Class B) | |||||||||||||||||
1,606,561 | g | Sierra Timeshare Receivables Funding LLC | 3.650 | 06/20/35 | 1,529,597 | ||||||||||||
Series - 2018 2A (Class B) | |||||||||||||||||
867,520 | g | Sierra Timeshare Receivables Funding LLC | 4.540 | 05/20/36 | 857,308 | ||||||||||||
Series - 2019 2A (Class D) | |||||||||||||||||
1,407,487 | g | SoFi Professional Loan Program LLC | 2.630 | 07/25/40 | 1,392,186 | ||||||||||||
Series - 2017 C (Class A2B) | |||||||||||||||||
454,229 | g | SolarCity LMC | 4.800 | 11/20/38 | 420,116 | ||||||||||||
Series - 2013 1 (Class A) | |||||||||||||||||
608,047 | g | SolarCity LMC | 4.590 | 04/20/44 | 579,959 | ||||||||||||
Series - 2014 1 (Class A) | |||||||||||||||||
1,093,331 | g | SolarCity LMC | 4.020 | 07/20/44 | 1,022,778 | ||||||||||||
Series - 2014 2 (Class A) | |||||||||||||||||
7,728,554 | g | Sonic Capital LLC | 3.845 | 01/20/50 | 7,398,622 | ||||||||||||
Series - 2020 1A (Class A2I) | |||||||||||||||||
2,050,045 | g | START Ireland | 4.089 | 05/15/43 | 1,552,515 | ||||||||||||
Series - 2018 1 (Class A) | |||||||||||||||||
4,642,857 | g | START Ireland | 5.095 | 03/15/44 | 2,921,849 | ||||||||||||
Series - 2019 1 (Class B) | |||||||||||||||||
2,171,354 | g | START Ireland | 6.413 | 03/15/44 | 1,235,771 | ||||||||||||
Series - 2019 1 (Class C) | |||||||||||||||||
1,473,743 | g,i | Starwood Waypoint Homes | 1.655 | 01/17/35 | 1,350,182 | ||||||||||||
Series - 2017 1 (Class A) | |||||||||||||||||
6,806 | i | Structured Asset Investment Loan Trust | 1.847 | 09/25/34 | 6,021 | ||||||||||||
Series - 2004 8 (Class M1) | |||||||||||||||||
24,337 | i | Structured Asset Investment Loan Trust | 1.947 | 09/25/34 | 22,643 | ||||||||||||
Series - 2004 8 (Class A9) | |||||||||||||||||
918,585 | i | Structured Asset Securities Corp Mortgage Loan Trust | 3.081 | 04/25/35 | 839,991 | ||||||||||||
Series - 2005 7XS (Class 2A1A) | |||||||||||||||||
948,188 | g | Taco Bell Funding LLC | 4.377 | 05/25/46 | 915,959 | ||||||||||||
Series - 2016 1A (Class A2II) | |||||||||||||||||
7,366,688 | g | Taco Bell Funding LLC | 4.970 | 05/25/46 | 7,044,984 | ||||||||||||
Series - 2016 1A (Class A23) | |||||||||||||||||
10,171,250 | g | Taco Bell Funding LLC | 4.318 | 11/25/48 | 9,917,070 | ||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||||
3,950,000 | g | Taco Bell Funding LLC | 4.940 | 11/25/48 | 3,844,812 | ||||||||||||
Series - 2018 1A (Class A2II) | |||||||||||||||||
5,445,760 | g | TES LLC | 4.330 | 10/20/47 | 4,251,287 | ||||||||||||
Series - 2017 1A (Class A) |
255 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 2,500,000 | g | TES LLC | 7.740 | % | 10/20/47 | $ | 2,111,396 | |||||||||
Series - 2017 1A (Class B) | |||||||||||||||||
7,875,000 | g | Tesla Auto Lease Trust | 2.130 | 04/20/22 | 7,886,715 | ||||||||||||
Series - 2019 A (Class A2) | |||||||||||||||||
1,156,999 | g | Thunderbolt Aircraft Lease Ltd | 4.500 | 05/17/32 | 743,040 | ||||||||||||
Series - 2017 A (Class C) | |||||||||||||||||
6,199,459 | g | Thunderbolt Aircraft Lease Ltd (Step Bond) | 4.212 | 05/17/32 | 4,626,247 | ||||||||||||
Series - 2017 A (Class A) | |||||||||||||||||
2,500,000 | g | Tricon American Homes Trust | 4.878 | 11/17/33 | 2,380,741 | ||||||||||||
Series - 2016 SFR1 (Class E) | |||||||||||||||||
1,539,032 | g | Tricon American Homes Trust | 2.716 | 09/17/34 | 1,512,258 | ||||||||||||
Series - 2017 SFR1 (Class A) | |||||||||||||||||
1,600,000 | g | Tricon American Homes Trust | 4.011 | 09/17/34 | 1,465,604 | ||||||||||||
Series - 2017 SFR1 (Class E) | |||||||||||||||||
400,000 | g | Tricon American Homes Trust | 3.275 | 01/17/36 | 388,527 | ||||||||||||
Series - 2017 SFR2 (Class B) | |||||||||||||||||
4,665,133 | United Airlines Pass Through Trust | 3.700 | 03/01/30 | 4,460,822 | |||||||||||||
Series - 2018 1 (Class ) | |||||||||||||||||
4,750,000 | United Airlines Pass Through Trust | 2.700 | 05/01/32 | 4,272,408 | |||||||||||||
Series - 2019 2 (Class ) | |||||||||||||||||
1,689,320 | g | VOLT LXXV LLC (Step Bond) | 3.967 | 02/25/49 | 1,495,288 | ||||||||||||
Series - 2019 NPL2 (Class A1) | |||||||||||||||||
600,000 | g | VOLT LXXV LLC (Step Bond) | 3.967 | 10/25/49 | 445,822 | ||||||||||||
Series - 2019 NPL7 (Class A1B) | |||||||||||||||||
2,350,000 | g | VOLT LXXXIV LLC (Step Bond) | 3.967 | 12/27/49 | 1,890,027 | ||||||||||||
Series - 2019 NP10 (Class A1B) | |||||||||||||||||
10,141,563 | g | Wendys Funding LLC | 3.573 | 03/15/48 | 9,255,596 | ||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||||
7,820,000 | g | Wendys Funding LLC | 3.884 | 03/15/48 | 7,079,211 | ||||||||||||
Series - 2018 1A (Class A2II) | |||||||||||||||||
TOTAL ASSET BACKED | 339,950,690 | ||||||||||||||||
OTHER MORTGAGE BACKED - 13.1% | |||||||||||||||||
10,000,000 | g,i | 20 Times Square Trust | 3.100 | 05/15/35 | 8,460,653 | ||||||||||||
Series - 2018 20TS (Class D) | |||||||||||||||||
802,767 | g,i | Agate Bay Mortgage Trust | 3.500 | 11/25/44 | 794,932 | ||||||||||||
Series - 2014 3 (Class A13) | |||||||||||||||||
1,159,163 | g,i | Agate Bay Mortgage Trust | 3.500 | 09/25/45 | 1,172,173 | ||||||||||||
Series - 2015 6 (Class A9) | |||||||||||||||||
52,834 | Alternative Loan Trust | 5.250 | 11/25/33 | 50,054 | |||||||||||||
Series - 2003 J3 (Class 1A3) | |||||||||||||||||
320,809 | i | Alternative Loan Trust | 1.447 | 06/25/34 | 281,865 | ||||||||||||
Series - 2004 8CB (Class M1) | |||||||||||||||||
1,313,351 | i | American Home Mortgage Investment Trust | 3.263 | 10/25/34 | 1,256,325 | ||||||||||||
Series - 2004 3 (Class 4A) | |||||||||||||||||
540,000 | i | Banc of America Commercial Mortgage Trust | 4.360 | 09/15/48 | 455,814 | ||||||||||||
Series - 2015 UBS7 (Class C) | |||||||||||||||||
10,700,000 | Banc of America Commercial Mortgage Trust | 3.019 | 07/15/49 | 10,955,250 | |||||||||||||
Series - 2016 UB10 (Class ASB) | |||||||||||||||||
2,165,000 | BANK | 3.625 | 05/15/50 | 2,308,995 | |||||||||||||
Series - 2017 BNK4 (Class A4) | |||||||||||||||||
41,944,090 | i | BANK | 0.997 | 10/17/52 | 2,608,411 | ||||||||||||
Series - 2019 BN21 (Class XA) |
256 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 25,108,042 | i | BANK | 0.701 | % | 12/15/52 | $ | 1,325,672 | |||||||||
Series - 2019 BN23 (Class XA) | |||||||||||||||||
1,000,000 | BANK | 3.203 | 12/15/52 | 936,199 | |||||||||||||
Series - 2019 BN23 (Class AS) | |||||||||||||||||
58,713,376 | i | BANK | 0.604 | 11/15/62 | 2,654,279 | ||||||||||||
Series - 2019 BN22 (Class XA) | |||||||||||||||||
54,582,544 | i | BANK | 0.768 | 11/15/62 | 2,718,827 | ||||||||||||
Series - 2019 BN24 (Class XA) | |||||||||||||||||
2,900,000 | †,g | BANK | 2.500 | 11/15/62 | 1,608,922 | ||||||||||||
Series - 2019 BN24 (Class D) | |||||||||||||||||
8,625,000 | BANK | 2.929 | 11/15/62 | 8,903,115 | |||||||||||||
Series - 2019 BN24 (Class ASB) | |||||||||||||||||
2,500,000 | †,g | BANK | 2.500 | 01/15/63 | 1,618,382 | ||||||||||||
Series - 2020 BN25 (Class D) | |||||||||||||||||
1,100,000 | g,i | Barclays Commercial Mortgage Securities LLC | 4.284 | 09/10/28 | 1,085,167 | ||||||||||||
Series - 2015 STP (Class D) | |||||||||||||||||
5,000,000 | g,i | BBCMS Trust | 4.267 | 08/05/38 | 3,256,970 | ||||||||||||
Series - 2018 CHRS (Class E) | |||||||||||||||||
58,988,405 | i | BBCMS Trust | 1.060 | 02/15/53 | 4,478,524 | ||||||||||||
Series - 2020 C6 (Class XA) | |||||||||||||||||
902,282 | i | Bear Stearns Commercial Mortgage Securities Trust | 5.117 | 02/11/41 | 892,837 | ||||||||||||
Series - 2005 PWR7 (Class B) | |||||||||||||||||
2,350,000 | i | Bear Stearns Commercial Mortgage Securities Trust | 5.143 | 09/11/42 | 2,348,951 | ||||||||||||
Series - 2005 PWR9 (Class E) | |||||||||||||||||
500,000 | Benchmark Mortgage Trust | 4.468 | 03/15/52 | 475,487 | |||||||||||||
Series - 2019 B9 (Class B) | |||||||||||||||||
2,600,000 | Benchmark Mortgage Trust | 3.419 | 08/15/52 | 2,603,458 | |||||||||||||
Series - 2019 B12 (Class AS) | |||||||||||||||||
8,157 | i | Benchmark Mortgage Trust | 0.832 | 12/15/72 | 472 | ||||||||||||
Series - 2019 B15 (Class XA) | |||||||||||||||||
13,996,618 | g,i | BX Commercial Mortgage Trust | 1.625 | 10/15/36 | 13,313,367 | ||||||||||||
Series - 2019 XL (Class A) | |||||||||||||||||
3,821,602 | g,i | BX Commercial Mortgage Trust | 1.955 | 10/15/36 | 3,467,629 | ||||||||||||
Series - 2019 XL (Class C) | |||||||||||||||||
3,821,602 | g,i | BX Commercial Mortgage Trust | 2.505 | 10/15/36 | 3,343,295 | ||||||||||||
Series - 2019 XL (Class E) | |||||||||||||||||
4,500,000 | CD Mortgage Trust | 2.622 | 08/10/49 | 4,559,320 | |||||||||||||
Series - 2016 CD1 (Class ASB) | |||||||||||||||||
1,000,000 | i | CD Mortgage Trust | 4.027 | 11/10/49 | 845,993 | ||||||||||||
Series - 2016 CD2 (Class C) | |||||||||||||||||
1,400,000 | i | CD Mortgage Trust | 4.560 | 02/10/50 | 1,152,986 | ||||||||||||
Series - 2017 CD3 (Class C) | |||||||||||||||||
5,000,000 | i | CFCRE Commercial Mortgage Trust | 3.502 | 11/10/49 | 4,960,486 | ||||||||||||
Series - 2016 C6 (Class AM) | |||||||||||||||||
221,985 | Citicorp Mortgage Securities, Inc | 5.500 | 07/25/35 | 208,547 | |||||||||||||
Series - 2005 4 (Class 1A7) | |||||||||||||||||
2,000,000 | g | Citigroup Commercial Mortgage Trust | 4.350 | 05/10/36 | 1,840,879 | ||||||||||||
Series - 2019 PRM (Class D) | |||||||||||||||||
1,900,000 | Citigroup Commercial Mortgage Trust | 4.023 | 03/10/47 | 2,014,503 | |||||||||||||
Series - 2014 GC19 (Class A4) | |||||||||||||||||
2,600,000 | i | Citigroup Commercial Mortgage Trust | 3.758 | 04/10/48 | 2,481,271 | ||||||||||||
Series - 2015 GC29 (Class B) |
257 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 900,000 | i | Citigroup Commercial Mortgage Trust | 4.176 | % | 04/10/48 | $ | 762,054 | |||||||||
Series - 2015 GC29 (Class C) | |||||||||||||||||
1,000,000 | Citigroup Commercial Mortgage Trust | 4.233 | 04/10/49 | 970,973 | |||||||||||||
Series - 2016 GC37 (Class B) | |||||||||||||||||
57,968,990 | i | Citigroup Commercial Mortgage Trust | 0.630 | 11/10/52 | 2,703,981 | ||||||||||||
Series - 2019 GC43 (Class XA) | |||||||||||||||||
3,127,000 | †,i | Citigroup Commercial Mortgage Trust | 3.622 | 11/10/52 | 2,204,491 | ||||||||||||
Series - 2019 GC43 (Class C) | |||||||||||||||||
52,590,939 | i | Citigroup Commercial Mortgage Trust | 0.989 | 02/15/53 | 3,793,821 | ||||||||||||
Series - 2020 GC46 (Class XA) | |||||||||||||||||
1,020,000 | Citigroup Commercial Mortgage Trust | 3.018 | 08/10/56 | 950,292 | |||||||||||||
Series - 2019 GC41 (Class AS) | |||||||||||||||||
412,713 | i | COBALT CMBS Commercial Mortgage Trust | 5.646 | 04/15/47 | 408,723 | ||||||||||||
Series - 2007 C2 (Class C) | |||||||||||||||||
20,000,000 | g | COMM Mortgage Trust | 2.841 | 08/15/45 | 20,156,408 | ||||||||||||
Series - 2012 CR2 (Class A3) | |||||||||||||||||
1,900,000 | COMM Mortgage Trust | 3.101 | 03/10/46 | 1,938,635 | |||||||||||||
Series - 2013 CR6 (Class A4) | |||||||||||||||||
1,000,000 | i | COMM Mortgage Trust | 4.210 | 08/10/46 | 1,058,788 | ||||||||||||
Series - 2013 CR10 (Class A4) | |||||||||||||||||
3,000,000 | g,i | COMM Mortgage Trust | 5.288 | 08/10/46 | 2,649,317 | ||||||||||||
Series - 2013 LC13 (Class D) | |||||||||||||||||
5,000,000 | COMM Mortgage Trust | 4.199 | 03/10/47 | 5,119,010 | |||||||||||||
Series - 2014 UBS2 (Class AM) | |||||||||||||||||
3,092,577 | i | COMM Mortgage Trust | 4.974 | 03/10/47 | 2,799,626 | ||||||||||||
Series - 2014 UBS2 (Class C) | |||||||||||||||||
1,120,000 | COMM Mortgage Trust | 4.174 | 05/10/47 | 1,146,986 | |||||||||||||
Series - 2014 CR17 (Class AM) | |||||||||||||||||
5,000,000 | COMM Mortgage Trust | 3.828 | 07/15/47 | 5,289,789 | |||||||||||||
Series - 2014 CR18 (Class A5) | |||||||||||||||||
2,452,500 | i | COMM Mortgage Trust | 4.456 | 07/15/47 | 2,428,407 | ||||||||||||
Series - 2014 CR18 (Class B) | |||||||||||||||||
1,050,000 | COMM Mortgage Trust | 3.796 | 08/10/47 | 1,105,408 | |||||||||||||
Series - 2014 CR19 (Class A5) | |||||||||||||||||
2,800,000 | i | COMM Mortgage Trust | 4.703 | 08/10/47 | 2,796,817 | ||||||||||||
Series - 2014 CR19 (Class B) | |||||||||||||||||
1,500,000 | g,i | COMM Mortgage Trust | 4.731 | 08/10/47 | 1,255,708 | ||||||||||||
Series - 2014 CR19 (Class D) | |||||||||||||||||
2,700,000 | COMM Mortgage Trust | 3.917 | 10/10/47 | 2,877,107 | |||||||||||||
Series - 2014 LC17 (Class A5) | |||||||||||||||||
2,500,000 | g | COMM Mortgage Trust | 3.000 | 03/10/48 | 1,622,399 | ||||||||||||
Series - 2015 CR22 (Class E) | |||||||||||||||||
2,600,000 | g,i | COMM Mortgage Trust | 4.110 | 03/10/48 | 2,076,251 | ||||||||||||
Series - 2015 CR22 (Class D) | |||||||||||||||||
3,340,500 | i | COMM Mortgage Trust | 4.110 | 03/10/48 | 2,893,420 | ||||||||||||
Series - 2015 CR22 (Class C) | |||||||||||||||||
1,000,000 | COMM Mortgage Trust | 3.801 | 05/10/48 | 1,011,004 | |||||||||||||
Series - 2015 CR23 (Class AM) | |||||||||||||||||
4,000,000 | i | COMM Mortgage Trust | 4.304 | 05/10/48 | 3,184,208 | ||||||||||||
Series - 2015 CR23 (Class D) | |||||||||||||||||
2,500,000 | i | COMM Mortgage Trust | 3.463 | 08/10/48 | 1,879,100 | ||||||||||||
Series - 2015 CR24 (Class D) | |||||||||||||||||
2,500,000 | i | COMM Mortgage Trust | 4.379 | 08/10/48 | 2,121,162 | ||||||||||||
Series - 2015 CR24 (Class C) |
258 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 4,485,000 | i | COMM Mortgage Trust | 4.484 | % | 10/10/48 | $ | 3,814,127 | |||||||||
Series - 2015 CR26 (Class C) | |||||||||||||||||
4,000,000 | COMM Mortgage Trust | 2.972 | 10/10/49 | 4,101,689 | |||||||||||||
Series - 2016 COR1 (Class ASB) | |||||||||||||||||
5,000,000 | COMM Mortgage Trust | 4.181 | 05/10/51 | 5,444,241 | |||||||||||||
Series - 2018 COR3 (Class ASB) | |||||||||||||||||
1,295,331 | i | Connecticut Avenue Securities | 3.547 | 05/25/24 | 1,162,216 | ||||||||||||
Series - 2014 C02 (Class 1M2) | |||||||||||||||||
12,560,263 | i | Connecticut Avenue Securities | 3.947 | 07/25/24 | 11,492,644 | ||||||||||||
Series - 2014 C03 (Class 1M2) | |||||||||||||||||
1,360,220 | i | Connecticut Avenue Securities | 5.947 | 11/25/24 | 1,311,436 | ||||||||||||
Series - 2014 C04 (Class 2M2) | |||||||||||||||||
419,950 | i | Connecticut Avenue Securities | 6.497 | 04/25/28 | 388,903 | ||||||||||||
Series - 2015 C04 (Class 2M2) | |||||||||||||||||
661,415 | i | Connecticut Avenue Securities | 6.647 | 04/25/28 | 653,966 | ||||||||||||
Series - 2015 C04 (Class 1M2) | |||||||||||||||||
755,382 | i | Connecticut Avenue Securities | 7.697 | 08/25/28 | 721,307 | ||||||||||||
Series - 2016 C01 (Class 1M2) | |||||||||||||||||
3,001,707 | i | Connecticut Avenue Securities | 7.897 | 08/25/28 | 2,998,199 | ||||||||||||
Series - 2016 C01 (Class 2M2) | |||||||||||||||||
6,963,836 | i | Connecticut Avenue Securities | 6.847 | 10/25/28 | 6,789,735 | ||||||||||||
Series - 2016 C03 (Class 2M2) | |||||||||||||||||
1,195,000 | i | Connecticut Avenue Securities | 5.397 | 01/25/29 | 994,534 | ||||||||||||
Series - 2016 C05 (Class 2M2B) | |||||||||||||||||
2,475,733 | i | Connecticut Avenue Securities | 5.397 | 01/25/29 | 2,362,779 | ||||||||||||
Series - 2016 C05 (Class 2M2) | |||||||||||||||||
1,000,000 | i | Connecticut Avenue Securities | 5.197 | 04/25/29 | 961,797 | ||||||||||||
Series - 2016 C06 (Class 1M2) | |||||||||||||||||
2,267,475 | i | Connecticut Avenue Securities | 3.147 | 01/25/30 | 2,189,496 | ||||||||||||
Series - 2017 C05 (Class 1M2A) | |||||||||||||||||
2,410,983 | i | Connecticut Avenue Securities | 1.847 | 08/25/30 | 2,217,400 | ||||||||||||
Series - 2018 C02 (Class 2EA2) | |||||||||||||||||
4,150,000 | i | Connecticut Avenue Securities | 1.797 | 10/25/30 | 3,926,078 | ||||||||||||
Series - 2018 C03 (Class 1EA2) | |||||||||||||||||
1,829,909 | i | Connecticut Avenue Securities | 3.497 | 12/25/30 | 1,499,921 | ||||||||||||
Series - 2018 C04 (Class 2M2) | |||||||||||||||||
171,912 | g,i | Connecticut Avenue Securities | 3.397 | 07/25/31 | 142,467 | ||||||||||||
Series - 2019 R01 (Class 2M2) | |||||||||||||||||
1,792,332 | g,i | Connecticut Avenue Securities | 3.097 | 09/25/31 | 1,467,415 | ||||||||||||
Series - 2019 R03 (Class 1M2) | |||||||||||||||||
440,000 | g,i | Connecticut Avenue Securities | 2.947 | 01/25/40 | 285,399 | ||||||||||||
Series - 2020 R02 (Class 2M2) | |||||||||||||||||
45,087 | Countrywide Alternative Loan Trust | 5.000 | 04/25/20 | 42,593 | |||||||||||||
Series - 2005 6CB (Class 2A1) | |||||||||||||||||
497,863 | i | Countrywide Alternative Loan Trust | 1.003 | 07/20/35 | 428,900 | ||||||||||||
Series - 2005 24 (Class 4A1) | |||||||||||||||||
499,637 | i | Countrywide Home Loan Mortgage Pass Through Trust | 3.921 | 11/20/34 | 429,601 | ||||||||||||
Series - 2004 HYB6 (Class A2) | |||||||||||||||||
51,448 | Countrywide Home Loan Mortgage Pass Through Trust | 5.250 | 09/25/35 | 46,467 | |||||||||||||
Series - 2005 17 (Class 1A10) |
259 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 5,750,000 | g,i | CPT Mortgage Trust | 2.997 | % | 11/13/39 | $ | 4,382,139 | |||||||||
Series - 2019 CPT (Class E) | |||||||||||||||||
1,100,000 | g,i | Credit Suisse Commercial Mortgage Trust | 1.597 | 05/25/36 | 1,036,566 | ||||||||||||
Series - 2006 CF2 (Class M3) | |||||||||||||||||
11,312,841 | g,i | Credit Suisse Commercial Mortgage Trust | 3.500 | 02/25/48 | 11,495,224 | ||||||||||||
Series - 2018 J1 (Class A11) | |||||||||||||||||
1,493,836 | i | Credit Suisse First Boston Mortgage Securities Corp | 6.168 | 04/25/33 | 1,416,566 | ||||||||||||
Series - 2003 8 (Class DB1) | |||||||||||||||||
5,065,000 | DBJPM | 3.539 | 05/10/49 | 5,094,084 | |||||||||||||
Series - 2016 C1 (Class AM) | |||||||||||||||||
2,083,000 | g,i | DBUBS Mortgage Trust | 5.335 | 08/10/44 | 2,144,459 | ||||||||||||
Series - 2011 LC3A (Class B) | |||||||||||||||||
2,000,000 | g,i | Ellington Financial Mortgage Trust | 3.587 | 06/25/59 | 1,805,667 | ||||||||||||
Series - 2019 1 (Class M1) | |||||||||||||||||
1,081,214 | i | Fieldstone Mortgage Investment Trust | 1.682 | 12/25/35 | 1,037,591 | ||||||||||||
Series - 2005 2 (Class M2) | |||||||||||||||||
11,758,268 | g,i | FirstKey Mortgage Trust | 3.500 | 11/25/44 | 11,645,910 | ||||||||||||
Series - 2014 1 (Class A8) | |||||||||||||||||
2,791,384 | g,i | Flagstar Mortgage Trust | 3.500 | 03/25/47 | 2,809,504 | ||||||||||||
Series - 2017 1 (Class 1A5) | |||||||||||||||||
72,722 | g,i | Flagstar Mortgage Trust | 3.500 | 10/25/47 | 71,986 | ||||||||||||
Series - 2017 2 (Class A5) | |||||||||||||||||
948,124 | g,i | Flagstar Mortgage Trust | 4.113 | 10/25/47 | 858,604 | ||||||||||||
Series - 2017 2 (Class B3) | |||||||||||||||||
494,626 | g,i | Flagstar Mortgage Trust | 4.000 | 07/25/48 | 490,329 | ||||||||||||
Series - 2018 4 (Class A4) | |||||||||||||||||
766,158 | g,i | Flagstar Mortgage Trust | 4.000 | 09/25/48 | 756,950 | ||||||||||||
Series - 2018 5 (Class A11) | |||||||||||||||||
2,864,000 | †,i | GE Capital Commercial Mortgage Corp | 5.941 | 11/10/45 | 628,562 | ||||||||||||
Series - 2005 C4 (Class B) | |||||||||||||||||
14,346,000 | i | GS Mortgage Securities Corp II | 3.978 | 03/10/51 | 15,461,348 | ||||||||||||
Series - 2018 GS9 (Class AAB) | |||||||||||||||||
1,958,000 | g,i | GS Mortgage Securities Trust | 3.550 | 07/10/52 | 1,731,792 | ||||||||||||
Series - 2019 GC40 (Class DBC) | |||||||||||||||||
1,071,771 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 08/25/49 | 1,045,159 | ||||||||||||
Series - 2019 PJ1 (Class A4) | |||||||||||||||||
802,730 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 809,332 | ||||||||||||
Series - 2019 PJ2 (Class A1) | |||||||||||||||||
2,096,682 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 2,103,909 | ||||||||||||
Series - 2019 PJ2 (Class A4) | |||||||||||||||||
308,983 | g | GSMPS Mortgage Loan Trust | 7.500 | 03/25/35 | 314,281 | ||||||||||||
Series - 2005 RP2 (Class 1A2) | |||||||||||||||||
304,454 | g | GSMPS Mortgage Loan Trust | 7.500 | 09/25/35 | 300,931 | ||||||||||||
Series - 2005 RP3 (Class 1A2) | |||||||||||||||||
463,542 | GSR Mortgage Loan Trust | 6.000 | 01/25/35 | 452,715 | |||||||||||||
Series - 2005 1F (Class 3A3) | |||||||||||||||||
2,320,884 | i | HarborView Mortgage Loan Trust | 1.370 | 08/19/45 | 1,958,148 | ||||||||||||
Series - 2005 11 (Class 2A1A) | |||||||||||||||||
4,000,000 | g,i | Hudson Yards Mortgage Trust | 3.443 | 07/10/39 | 3,729,530 | ||||||||||||
Series - 2019 30HY (Class D) | |||||||||||||||||
2,000,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 1,792,878 | ||||||||||||
Series - 2019 55HY (Class D) | |||||||||||||||||
3,500,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 2,904,626 | ||||||||||||
Series - 2019 55HY (Class F) |
260 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 115,096 | i | Impac CMB Trust | 1.607 | % | 03/25/35 | $ | 99,306 | |||||||||
Series - 2004 11 (Class 2A1) | |||||||||||||||||
72,908 | i | JP Morgan Alternative Loan Trust | 1.227 | 04/25/47 | 63,533 | ||||||||||||
Series - 2007 S1 (Class A1) | |||||||||||||||||
2,140,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.822 | 08/15/49 | 2,181,714 | |||||||||||||
Series - 2016 JP2 (Class A4) | |||||||||||||||||
1,700,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Trust | 4.079 | 01/15/46 | 1,449,449 | ||||||||||||
Series - 2013 C13 (Class D) | |||||||||||||||||
310,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Trust | 5.403 | 07/15/46 | 311,914 | ||||||||||||
Series - 2011 C4 (Class C) | |||||||||||||||||
1,719,000 | i | JP Morgan Chase Commercial Mortgage Securities Trust | 4.119 | 01/15/49 | 1,777,850 | ||||||||||||
Series - 2015 JP1 (Class AS) | |||||||||||||||||
10,000,000 | JP Morgan Chase Commercial Mortgage Securities Trust | 2.713 | 08/15/49 | 10,119,684 | |||||||||||||
Series - 2016 JP2 (Class ASB) | |||||||||||||||||
5,000,000 | JP Morgan Chase Commercial Mortgage Securities Trust | 3.379 | 09/15/50 | 5,191,068 | |||||||||||||
Series - 2017 JP7 (Class A3) | |||||||||||||||||
569,599 | i | JP Morgan Mortgage Trust | 4.115 | 11/25/33 | 527,525 | ||||||||||||
Series - 2006 A2 (Class 5A3) | |||||||||||||||||
1,718,265 | g,i | JP Morgan Mortgage Trust | 2.974 | 12/25/44 | 1,376,213 | ||||||||||||
Series - 2015 1 (Class B1) | |||||||||||||||||
387,189 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/45 | 383,368 | ||||||||||||
Series - 2015 3 (Class A19) | |||||||||||||||||
1,383,447 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/45 | 1,361,425 | ||||||||||||
Series - 2015 6 (Class A13) | |||||||||||||||||
839,466 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/46 | 835,587 | ||||||||||||
Series - 2016 1 (Class A13) | |||||||||||||||||
7,210,999 | g,i | JP Morgan Mortgage Trust | 3.500 | 01/25/47 | 7,240,550 | ||||||||||||
Series - 2017 1 (Class A3) | |||||||||||||||||
1,096,128 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/47 | 1,081,752 | ||||||||||||
Series - 2017 2 (Class A5) | |||||||||||||||||
986,284 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/47 | 986,119 | ||||||||||||
Series - 2017 2 (Class A13) | |||||||||||||||||
1,298,575 | g,i | JP Morgan Mortgage Trust | 3.500 | 08/25/47 | 1,293,097 | ||||||||||||
Series - 2017 3 (Class 1A5) | |||||||||||||||||
582,502 | g,i | JP Morgan Mortgage Trust | 3.500 | 09/25/48 | 566,663 | ||||||||||||
Series - 2018 3 (Class A13) | |||||||||||||||||
188,042 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 182,851 | ||||||||||||
Series - 2018 4 (Class A13) | |||||||||||||||||
773,090 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 751,473 | ||||||||||||
Series - 2018 5 (Class A13) | |||||||||||||||||
1,364,026 | g,i | JP Morgan Mortgage Trust | 4.000 | 01/25/49 | 1,366,447 | ||||||||||||
Series - 2018 8 (Class A5) | |||||||||||||||||
1,144,421 | g,i | JP Morgan Mortgage Trust | 4.000 | 01/25/49 | 1,130,603 | ||||||||||||
Series - 2018 8 (Class A13) | |||||||||||||||||
1,319,757 | g,i | JP Morgan Mortgage Trust | 4.000 | 02/25/49 | 1,345,205 | ||||||||||||
Series - 2018 9 (Class A13) |
262 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 547,943 | g,i | JP Morgan Mortgage Trust | 4.000 | % | 05/25/49 | $ | 554,826 | |||||||||
Series - 2019 1 (Class A3) | |||||||||||||||||
2,507,705 | g,i | JP Morgan Mortgage Trust | 4.000 | 05/25/49 | 2,467,480 | ||||||||||||
Series - 2019 1 (Class A15) | |||||||||||||||||
154,807 | g,i | JP Morgan Mortgage Trust | 4.000 | 08/25/49 | 153,115 | ||||||||||||
Series - 2019 2 (Class A4) | |||||||||||||||||
855,799 | g,i | JP Morgan Mortgage Trust | 4.751 | 09/25/49 | 811,482 | ||||||||||||
Series - 2019 3 (Class B1) | |||||||||||||||||
2,566,597 | g,i | JP Morgan Mortgage Trust | 3.895 | 06/25/50 | 2,037,612 | ||||||||||||
Series - 2020 1 (Class B2) | |||||||||||||||||
890,239 | JPMBB Commercial Mortgage Securities Trust | 3.657 | 09/15/47 | 915,875 | |||||||||||||
Series - 2014 C23 (Class ASB) | |||||||||||||||||
2,000,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.554 | 09/15/47 | 1,970,661 | ||||||||||||
Series - 2014 C22 (Class B) | |||||||||||||||||
5,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.634 | 02/15/48 | 5,058,668 | |||||||||||||
Series - 2015 C27 (Class AS) | |||||||||||||||||
1,000,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.307 | 02/15/48 | 856,214 | ||||||||||||
Series - 2015 C27 (Class C) | |||||||||||||||||
1,000,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.620 | 08/15/48 | 991,616 | ||||||||||||
Series - 2015 C31 (Class B) | |||||||||||||||||
4,300,000 | JPMBB Commercial Mortgage Securities Trust | 3.227 | 10/15/48 | 4,464,494 | |||||||||||||
Series - 2015 C28 (Class A4) | |||||||||||||||||
2,365,000 | JPMCC Commercial Mortgage Securities Trust | 3.723 | 03/15/50 | 2,549,883 | |||||||||||||
Series - 2017 JP5 (Class A5) | |||||||||||||||||
2,200,000 | i | JPMDB Commercial Mortgage Securities Trust | 3.638 | 12/15/49 | 2,023,833 | ||||||||||||
Series - 2016 C4 (Class B) | |||||||||||||||||
9,000,000 | g,i | KKR Industrial Portfolio Trust | 2.037 | 03/15/37 | 8,032,913 | ||||||||||||
Series - 2020 AIP (Class A) | |||||||||||||||||
2,370,000 | g,i | KKR Industrial Portfolio Trust | 2.633 | 03/15/37 | 1,988,750 | ||||||||||||
Series - 2020 AIP (Class C) | |||||||||||||||||
10,000,000 | g | Liberty Street Trust | 3.597 | 02/10/36 | 10,344,138 | ||||||||||||
Series - 2016 225L (Class A) | |||||||||||||||||
385,456 | Master Alternative Loan Trust | 7.000 | 01/25/34 | 403,529 | |||||||||||||
Series - 2004 1 (Class 3A1) | |||||||||||||||||
2,387,586 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 4.384 | 12/15/46 | 2,050,982 | ||||||||||||
Series - 2014 C19 (Class LNC2) | |||||||||||||||||
1,910,069 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 4.750 | 12/15/46 | 1,574,504 | ||||||||||||
Series - 2014 C19 (Class LNC3) | |||||||||||||||||
12,304,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.249 | 02/15/48 | 12,536,046 | |||||||||||||
Series - 2015 C20 (Class A4) | |||||||||||||||||
1,185,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 4.160 | 02/15/48 | 1,157,937 | |||||||||||||
Series - 2015 C20 (Class B) | |||||||||||||||||
850,782 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.338 | 03/15/48 | 870,506 | |||||||||||||
Series - 2015 C21 (Class A4) | |||||||||||||||||
2,500,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.306 | 04/15/48 | 2,610,667 | |||||||||||||
Series - 2015 C22 (Class A4) | |||||||||||||||||
655,069 | i | Morgan Stanley Capital I Trust | 1.772 | 08/25/34 | 626,080 | ||||||||||||
Series - 2004 HE6 (Class M1) |
263 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 2,496,483 | i | Morgan Stanley Capital I Trust | 1.652 | % | 02/25/35 | $ | 2,332,754 | |||||||||
Series - 2005 WMC2 (Class M3) | |||||||||||||||||
2,000,000 | i | Morgan Stanley Capital I Trust | 3.779 | 05/15/48 | 2,089,397 | ||||||||||||
Series - 2015 MS1 (Class A4) | |||||||||||||||||
10,000,000 | Morgan Stanley Capital I Trust | 2.606 | 08/15/49 | 10,124,310 | |||||||||||||
Series - 2016 UB11 (Class ASB) | |||||||||||||||||
263,690 | †,i | Morgan Stanley Capital I Trust | 6.149 | 12/12/49 | 157,159 | ||||||||||||
Series - 2007 IQ16 (Class AJFX) | |||||||||||||||||
300,000 | Morgan Stanley Capital I Trust | 3.587 | 12/15/50 | 324,869 | |||||||||||||
Series - 2017 HR2 (Class A4) | |||||||||||||||||
1,000,000 | g,i | Natixis Commercial Mortgage Securities Trust | 3.790 | 11/15/32 | 972,237 | ||||||||||||
Series - 2018 285M (Class C) | |||||||||||||||||
2,000,000 | g,i | Natixis Commercial Mortgage Securities Trust | 1.488 | 07/15/33 | 1,910,214 | ||||||||||||
Series - 2018 850T (Class A) | |||||||||||||||||
10,000,000 | g,i | Natixis Commercial Mortgage Securities Trust | 2.205 | 07/15/36 | 9,358,292 | ||||||||||||
Series - 2019 MILE (Class A) | |||||||||||||||||
3,000,000 | g,i | Natixis Commercial Mortgage Securities Trust | 4.205 | 07/15/36 | 2,965,611 | ||||||||||||
Series - 2019 MILE (Class E) | |||||||||||||||||
5,280,000 | g,i | Natixis Commercial Mortgage Securities Trust | 4.955 | 07/15/36 | 4,357,851 | ||||||||||||
Series - 2019 MILE (Class F) | |||||||||||||||||
10,000,000 | g | Natixis Commercial Mortgage Securities Trust | 3.305 | 10/15/36 | 8,633,317 | ||||||||||||
Series - 2019 1776 (Class D) | |||||||||||||||||
3,000,000 | g | Natixis Commercial Mortgage Securities Trust | 3.902 | 10/15/36 | 2,486,862 | ||||||||||||
Series - 2019 1776 (Class E) | |||||||||||||||||
170,338 | g,i | New Residential Mortgage Loan Trust | 4.000 | 02/25/57 | 176,326 | ||||||||||||
Series - 2017 1A (Class A1) | |||||||||||||||||
1,054,323 | g,i | New Residential Mortgage Loan Trust | 4.000 | 08/27/57 | 1,091,152 | ||||||||||||
Series - 2017 6A (Class A1) | |||||||||||||||||
339,197 | i | New York Mortgage Trust | 1.427 | 02/25/36 | 308,282 | ||||||||||||
Series - 2005 3 (Class A1) | |||||||||||||||||
5,700,000 | g | One Bryant Park Trust | 2.516 | 09/15/54 | 5,678,019 | ||||||||||||
Series - 2019 OBP (Class A) | |||||||||||||||||
712,607 | g,i | Sequoia Mortgage Trust | 3.500 | 05/25/45 | 726,215 | ||||||||||||
Series - 2015 2 (Class A1) | |||||||||||||||||
933,637 | g,i | Sequoia Mortgage Trust | 3.500 | 06/25/46 | 945,302 | ||||||||||||
Series - 2016 1 (Class A19) | |||||||||||||||||
4,272,624 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/46 | 4,290,513 | ||||||||||||
Series - 2016 3 (Class A10) | |||||||||||||||||
3,331,293 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 3,350,468 | ||||||||||||
Series - 2017 1 (Class A4) | |||||||||||||||||
2,697,224 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 2,687,067 | ||||||||||||
Series - 2017 2 (Class A19) | |||||||||||||||||
2,676,866 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 2,707,708 | ||||||||||||
Series - 2017 3 (Class A19) | |||||||||||||||||
8,846,176 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 8,886,291 | ||||||||||||
Series - 2017 3 (Class A4) | |||||||||||||||||
1,293,784 | g,i | Sequoia Mortgage Trust | 3.754 | 09/25/47 | 1,215,601 | ||||||||||||
Series - 2017 6 (Class B1) | |||||||||||||||||
1,348,290 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/48 | 1,361,815 | ||||||||||||
Series - 2018 2 (Class A1) | |||||||||||||||||
4,383,786 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/48 | 4,409,328 | ||||||||||||
Series - 2018 2 (Class A19) | |||||||||||||||||
1,967,136 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 1,980,450 | ||||||||||||
Series - 2018 3 (Class A1) |
264 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 987,158 | g,i | Sequoia Mortgage Trust | 3.500 | % | 03/25/48 | $ | 982,654 | |||||||||
Series - 2018 3 (Class A4) | |||||||||||||||||
288,553 | g,i | Sequoia Mortgage Trust | 4.000 | 09/25/48 | 289,991 | ||||||||||||
Series - 2018 7 (Class A19) | |||||||||||||||||
1,482,514 | g,i | Sequoia Mortgage Trust | 4.000 | 09/25/48 | 1,477,451 | ||||||||||||
Series - 2018 7 (Class A4) | |||||||||||||||||
418,288 | g,i | Sequoia Mortgage Trust | 4.000 | 11/25/48 | 428,938 | ||||||||||||
Series - 2018 8 (Class A1) | |||||||||||||||||
164,034 | g,i | Sequoia Mortgage Trust | 4.000 | 11/25/48 | 167,527 | ||||||||||||
Series - 2018 8 (Class A19) | |||||||||||||||||
973,699 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 963,610 | ||||||||||||
Series - 2019 2 (Class A19) | |||||||||||||||||
3,390,420 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 3,371,145 | ||||||||||||
Series - 2019 2 (Class A1) | |||||||||||||||||
3,737,619 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/49 | 3,791,128 | ||||||||||||
Series - 2019 4 (Class A1) | |||||||||||||||||
5,750,834 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 5,853,831 | ||||||||||||
Series - 2019 5 (Class A1) | |||||||||||||||||
3,234,844 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 3,274,500 | ||||||||||||
Series - 2019 5 (Class A19) | |||||||||||||||||
5,250,000 | g,i | Sequoia Mortgage Trust | 3.000 | 04/25/50 | 5,289,845 | ||||||||||||
Series - 2020 3 (Class A19) | |||||||||||||||||
572,866 | g,i | Shellpoint Co-Originator Trust | 3.500 | 11/25/46 | 573,608 | ||||||||||||
Series - 2016 1 (Class 1A10) | |||||||||||||||||
2,948,229 | g,i | Shellpoint Co-Originator Trust | 3.500 | 04/25/47 | 2,953,007 | ||||||||||||
Series - 2017 1 (Class A4) | |||||||||||||||||
3,003,851 | g,i | Shellpoint Co-Originator Trust | 3.500 | 10/25/47 | 3,042,235 | ||||||||||||
Series - 2017 2 (Class A1) | |||||||||||||||||
1,338,827 | g,i | Shellpoint Co-Originator Trust | 3.500 | 10/25/47 | 1,339,049 | ||||||||||||
Series - 2017 2 (Class A4) | |||||||||||||||||
197,018 | i | Structured Adjustable Rate Mortgage Loan Trust | 1.287 | 08/25/35 | 194,376 | ||||||||||||
Series - 2005 16XS (Class A1) | |||||||||||||||||
2,785,555 | i | Structured Agency Credit Risk Debt Note (STACR) | 5.597 | 10/25/28 | 2,646,276 | ||||||||||||
Series - 2016 DNA2 (Class M3) | |||||||||||||||||
2,465,000 | i | STACR | 4.197 | 07/25/29 | 2,169,197 | ||||||||||||
Series - 2017 DNA1 (Class M2) | |||||||||||||||||
261,810 | i | STACR | 2.147 | 10/25/29 | 254,919 | ||||||||||||
Series - 2017 DNA2 (Class M1) | |||||||||||||||||
3,984,628 | i | STACR | 1.897 | 04/25/30 | 3,724,782 | ||||||||||||
Series - 2017 HQA3 (Class M2AS) | |||||||||||||||||
219,063 | i | STACR | 3.297 | 04/25/30 | 188,064 | ||||||||||||
Series - HQA3 (Class M2) | |||||||||||||||||
477,683 | g,i | STACR | 3.729 | 02/25/48 | 474,641 | ||||||||||||
Series - 2018 SPI1 (Class M1) | |||||||||||||||||
802,025 | g,i | STACR | 3.811 | 05/25/48 | 775,880 | ||||||||||||
Series - 2018 SPI2 (Class M1) | |||||||||||||||||
907,596 | g,i | STACR | 4.148 | 08/25/48 | 886,186 | ||||||||||||
Series - 2018 SPI3 (Class M1) | |||||||||||||||||
3,175,417 | g,i | STACR | 4.461 | 11/25/48 | 2,611,407 | ||||||||||||
Series - 2018 SPI4 (Class M2) | |||||||||||||||||
5,010,000 | g,i | STACR | 2.797 | 02/25/50 | 3,182,360 | ||||||||||||
Series - 2020 DNA2 (Class M2) |
265 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 4,000,000 | g,i | STACR | 3.911 | % | 03/25/50 | $ | 2,573,934 | |||||||||
Series - 2020 HQA2 (Class M2) | |||||||||||||||||
3,000,000 | UBS-Barclays Commercial Mortgage Trust | 2.850 | 12/10/45 | 2,989,997 | |||||||||||||
Series - 2012 C4 (Class A5) | |||||||||||||||||
755,000 | g,i | UBSBB | 4.104 | 03/10/46 | 683,109 | ||||||||||||
Series - 2013 C5 (Class C) | |||||||||||||||||
732,411 | g,i | Verus Securitization Trust | 4.108 | 10/25/58 | 718,149 | ||||||||||||
Series - 2018 3 (Class A1) | |||||||||||||||||
2,077,634 | g | VSE VOI Mortgage LLC | 4.020 | 02/20/36 | 2,043,746 | ||||||||||||
Series - 2018 A (Class C) | |||||||||||||||||
3,120,141 | i | Wachovia Bank Commercial Mortgage Trust | 5.748 | 04/15/47 | 3,053,745 | ||||||||||||
Series - 2007 C31 (Class F) | |||||||||||||||||
794,896 | i | Wachovia Mortgage Loan Trust | 4.254 | 10/20/35 | 711,001 | ||||||||||||
Series - 2005 B (Class 1A1) | |||||||||||||||||
16,472 | i | Washington Mutual Mortgage Pass-Through Certificates Trust | 6.123 | 08/25/38 | 16,318 | ||||||||||||
Series - 2004 RA3 (Class 2A) | |||||||||||||||||
3,675,000 | Wells Fargo Commercial Mortgage Trust | 3.540 | 05/15/48 | 3,797,430 | |||||||||||||
Series - 2015 C28 (Class A4) | |||||||||||||||||
2,000,000 | i | Wells Fargo Commercial Mortgage Trust | 4.158 | 05/15/48 | 1,592,784 | ||||||||||||
Series - 2015 NXS1 (Class D) | |||||||||||||||||
2,650,000 | Wells Fargo Commercial Mortgage Trust | 3.637 | 06/15/48 | 2,751,553 | |||||||||||||
Series - 2015 C29 (Class A4) | |||||||||||||||||
4,950,000 | i | Wells Fargo Commercial Mortgage Trust | 3.767 | 07/15/58 | 5,171,218 | ||||||||||||
Series - 2015 NXS2 (Class A5) | |||||||||||||||||
1,806,953 | g,i | Wells Fargo Mortgage Backed Securities Trust | 4.000 | 04/25/49 | 1,820,447 | ||||||||||||
Series - 2019 2 (Class A17) | |||||||||||||||||
159,105 | g | WFRBS Commercial Mortgage Trust | 4.375 | 03/15/44 | 160,898 | ||||||||||||
Series - 2011 C3 (Class A4) | |||||||||||||||||
1,000,000 | i | WFRBS Commercial Mortgage Trust | 3.714 | 03/15/45 | 983,000 | ||||||||||||
Series - 2013 C11 (Class B) | |||||||||||||||||
9,027,000 | WFRBS Commercial Mortgage Trust | 3.607 | 11/15/47 | 9,405,863 | |||||||||||||
Series - 2014 C24 (Class A5) | |||||||||||||||||
2,000,000 | WF-RBS Commercial Mortgage Trust | 3.337 | 06/15/46 | 2,031,977 | |||||||||||||
Series - 2013 C14 (Class A5) | |||||||||||||||||
TOTAL OTHER MORTGAGE BACKED | 598,410,388 | ||||||||||||||||
TOTAL STRUCTURED ASSETS | 938,361,078 | ||||||||||||||||
(Cost $1,007,545,137) | |||||||||||||||||
TOTAL BONDS | 4,239,172,357 | ||||||||||||||||
(Cost $4,275,537,422) | |||||||||||||||||
SHARES | COMPANY | ||||||||||||||||
COMMON STOCKS - 0.0% | |||||||||||||||||
ENERGY - 0.0% | |||||||||||||||||
38,800 | Peabody Energy Corp | 112,520 | |||||||||||||||
84,437 | * | Tidewater, Inc | 597,814 | ||||||||||||||
TOTAL ENERGY | 710,334 | ||||||||||||||||
RETAILING - 0.0% | |||||||||||||||||
1,108 | *,†,i | FullBeauty Brands Holdings Corp | 1,108 | ||||||||||||||
TOTAL RETAILING | 1,108 | ||||||||||||||||
TOTAL COMMON STOCKS | 711,442 | ||||||||||||||||
(Cost $2,238,829) |
266 |
TIAA-CREF FUNDS -Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
SHORT-TERM INVESTMENTS - 5.3% | |||||||||||||||||
GOVERNMENT AGENCY DEBT - 5.3% | |||||||||||||||||
$ | 5,000,000 | Federal Farm Credit Bank (FFCB) | 0.120 | % | 09/25/20 | $ | 4,996,804 | ||||||||||
5,000,000 | FFCB | 0.100 | 11/20/20 | 4,995,470 | |||||||||||||
10,000,000 | Federal Home Loan Bank (FHLB) | 0.170 | 06/24/20 | 9,998,367 | |||||||||||||
118,000 | FHLB | 1.625 | 06/30/20 | 117,979 | |||||||||||||
10,000,000 | FHLB | 0.120 | 07/09/20 | 9,997,525 | |||||||||||||
28,850,000 | FHLB | 0.200 | 07/20/20 | 28,842,067 | |||||||||||||
25,000,000 | FHLB | 0.130 | 07/24/20 | 24,992,875 | |||||||||||||
41,345,000 | FHLB | 0.150 | 07/31/20 | 41,332,493 | |||||||||||||
20,000,000 | FHLB | 0.270 | 09/15/20 | 19,987,939 | |||||||||||||
55,000,000 | FHLB | 0.060 | 10/01/20 | 54,960,858 | |||||||||||||
10,000,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.050 | 10/19/20 | 9,992,183 | |||||||||||||
20,000,000 | Federal National Mortgage Association (FNMA) | 0.200 | 10/16/20 | 19,984,600 | |||||||||||||
10,000,000 | FNMA | 0.080 | 11/13/20 | 9,991,211 | |||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 240,190,371 | ||||||||||||||||
TREASURY DEBT - 0.0% | |||||||||||||||||
UAH | 73,000,000 | j | Ukraine Treasury Bill | 0.000 | 04/01/20 | 2,642,773 | |||||||||||
TOTAL TREASURY DEBT | 2,642,773 | ||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 242,833,144 | ||||||||||||||||
(Cost $243,032,054) | |||||||||||||||||
TOTAL INVESTMENTS - 100.6% | 4,592,466,767 | ||||||||||||||||
(Cost $4,649,901,286) | |||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (0.6)% | (25,884,379 | ) | |||||||||||||||
NET ASSETS - 100.0% | $ | 4,566,582,388 |
Abbreviation(s): | |||||||||||||||||
DOP | Dominican Republic Peso | ||||||||||||||||
EUR | Euro | ||||||||||||||||
LIBOR | London Interbank Offered Rate | ||||||||||||||||
M | Month | ||||||||||||||||
PEN | Peruvian Sol | ||||||||||||||||
REIT | Real Estate Investment Trust | ||||||||||||||||
UAH | Ukrainian Hryvnia | ||||||||||||||||
* | Non-income producing | ||||||||||||||||
† | Security is categorized as Level 3 in the fair value hierarchy. | ||||||||||||||||
‡ | Perpetual security | ||||||||||||||||
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/2020, the aggregate value of these securities is $1,095,992,203 or 24.0% of net assets. | ||||||||||||||||
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 | Zero coupon | ||||||||||||||||
k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. | ||||||||||||||||
o | Payment in Kind Bond |
267 |
TIAA-CREF FUNDS -Core Plus Bond Fund
Futures contracts outstanding as of March 31, 2020 were as follows:
Description | Number of long (short) contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation) | |||||||||||
US Ultra Bond (CBT) | 72 | 06/19/20 | $ | 15,025,087 | $ | 15,975,000 | $ | 949,913 | ||||||||
US 5 Year Note (CBT) | (280 | ) | 06/30/20 | (34,605,547 | ) | (35,100,625 | ) | (495,078 | ) | |||||||
Total | (208 | ) | $ | (19,580,460 | ) | $ | (19,125,625 | ) | $ | 454,835 |
Forward foreign currency contracts outstanding as of March 31, 2020 were as follows:
Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation) | ||||||||
$ | 4,268 | EUR | 3,825 | Citibank, N.A. | 04/27/20 | $ | 44 | |||||||
$ | 1,713,628 | EUR | 1,572,886 | Citibank, N.A. | 05/18/20 | (24,415 | ) | |||||||
Total | $ | (24,371 | ) | |||||||||||
$ | 10,024,024 | EUR | 9,100,000 | Morgan Stanley | 06/15/20 | $ | (41,524 | ) | ||||||
$ | 3,849,123 | EUR | 3,471,175 | Toronto Dominion Bank | 04/27/20 | 16,563 | ||||||||
Total | $ | (49,332 | ) |
Abbreviation(s): | |||||||||||||||||
EUR | Euro |
268 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
TIAA-CREF FUNDS
5-15 YEAR LADDERED TAX-EXEMPT BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2020
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
LONG-TERM MUNICIPAL BONDS - 96.3% | ||||||||||||||||
ALABAMA - 2.2% | ||||||||||||||||
$ | 500,000 | City of Birmingham AL | 5.000 | % | 12/01/29 | $ | 629,240 | |||||||||
500,000 | City of Birmingham AL | 5.000 | 12/01/30 | 626,410 | ||||||||||||
630,000 | County of Mobile AL | 5.000 | 02/01/34 | 794,480 | ||||||||||||
2,900,000 | Lower Alabama Gas District | 4.000 | 12/01/50 | 3,016,348 | ||||||||||||
1,000,000 | University of South Alabama | 5.000 | 11/01/31 | 1,196,010 | ||||||||||||
TOTAL ALABAMA | 6,262,488 | |||||||||||||||
ALASKA - 1.3% | ||||||||||||||||
500,000 | Alaska Municipal Bond Bank Authority | 5.000 | 12/01/31 | 586,045 | ||||||||||||
2,570,000 | Borough of Matanuska-Susitna AK | 5.000 | 09/01/25 | 3,031,032 | ||||||||||||
TOTAL ALASKA | 3,617,077 | |||||||||||||||
ARIZONA - 1.0% | ||||||||||||||||
2,000,000 | Chandler Industrial Development Authority | 5.000 | 06/01/49 | 2,216,000 | ||||||||||||
200,000 | City of Phoenix Civic Improvement Corp | 5.000 | 07/01/25 | 233,012 | ||||||||||||
190,000 | Pinal County Electric District No 3 | 5.000 | 07/01/33 | 226,102 | ||||||||||||
TOTAL ARIZONA | 2,675,114 | |||||||||||||||
ARKANSAS - 0.8% | ||||||||||||||||
1,000,000 | g | Arkansas Development Finance Authority | 4.500 | 09/01/49 | 893,560 | |||||||||||
1,000,000 | City of Fort Smith AR Water & Sewer Revenue | 5.000 | 10/01/32 | 1,245,730 | ||||||||||||
TOTAL ARKANSAS | 2,139,290 | |||||||||||||||
CALIFORNIA - 4.4% | ||||||||||||||||
1,350,000 | Abag Finance Authority for Nonprofit Corps | 4.850 | 08/01/35 | 1,350,000 | ||||||||||||
365,000 | California Educational Facilities Authority | 5.000 | 12/01/29 | 417,669 | ||||||||||||
1,510,000 | California Health Facilities Financing Authority | 5.000 | 09/01/33 | 1,836,583 | ||||||||||||
185,000 | California Municipal Finance Authority | 4.000 | 07/15/29 | 185,418 | ||||||||||||
715,000 | g | California School Finance Authority | 5.000 | 08/01/25 | 770,992 | |||||||||||
225,000 | g | California Statewide Communities Development Authority | 5.000 | 12/01/28 | 259,351 | |||||||||||
2,000,000 | City of Los Angeles Department of Airports | 5.000 | 05/15/27 | 2,340,820 | ||||||||||||
1,715,000 | Elk Grove Finance Authority | 5.000 | 09/01/30 | 1,930,610 | ||||||||||||
450,000 | Palmdale Community Redevelopment Agency | 5.000 | 09/01/25 | 537,183 | ||||||||||||
415,000 | Palmdale Community Redevelopment Agency | 5.000 | 09/01/31 | 498,743 | ||||||||||||
750,000 | San Diego Public Facilities Financing Authority | 5.000 | 10/15/31 | 900,060 | ||||||||||||
500,000 | Santee CDC Successor Agency | 5.000 | 08/01/27 | 610,840 | ||||||||||||
TOTAL CALIFORNIA | 11,638,269 | |||||||||||||||
COLORADO - 1.4% | ||||||||||||||||
1,500,000 | City & County of Denver CO Airport System Revenue | 5.000 | 11/15/30 | 1,773,315 | ||||||||||||
250,000 | Colorado Health Facilities Authority | 5.000 | 12/01/41 | 290,662 | ||||||||||||
310,000 | Denver Health & Hospital Authority | 5.000 | 12/01/28 | 383,997 | ||||||||||||
1,000,000 | Interlocken Metropolitan District | 5.000 | 12/01/27 | 1,235,000 | ||||||||||||
TOTAL COLORADO | 3,682,974 |
269 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
CONNECTICUT - 2.7% | ||||||||||||||||
$ | 1,180,000 | Capital Region Development Authority | 5.000 | % | 06/15/29 | $ | 1,433,570 | |||||||||
765,000 | Capital Region Development Authority | 5.000 | 06/15/33 | 917,648 | ||||||||||||
495,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/27 | 591,045 | ||||||||||||
630,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/29 | 701,354 | ||||||||||||
330,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/30 | 365,587 | ||||||||||||
350,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/32 | 407,606 | ||||||||||||
350,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/33 | 405,489 | ||||||||||||
2,000,000 | University of Connecticut | 5.000 | 03/15/28 | 2,374,320 | ||||||||||||
TOTAL CONNECTICUT | 7,196,619 | |||||||||||||||
DISTRICT OF COLUMBIA - 0.4% | ||||||||||||||||
955,000 | District of Columbia | 5.000 | 04/01/27 | 1,135,008 | ||||||||||||
TOTAL DISTRICT OF COLUMBIA | 1,135,008 | |||||||||||||||
FLORIDA - 6.7% | ||||||||||||||||
1,000,000 | Alachua County Health Facilities Authority | 5.000 | 12/01/31 | 1,229,560 | ||||||||||||
1,000,000 | g | Capital Trust Agency, Inc | 7.250 | 06/01/33 | 1,093,610 | |||||||||||
250,000 | County of Broward FL Airport System Revenue | 5.000 | 10/01/27 | 294,012 | ||||||||||||
250,000 | County of Broward FL Airport System Revenue | 5.000 | 10/01/28 | 292,687 | ||||||||||||
3,000,000 | Escambia County Health Facilities Authority | 5.000 | 08/15/32 | 3,555,330 | ||||||||||||
1,100,000 | Greater Orlando Aviation Authority | 5.000 | 10/01/26 | 1,285,372 | ||||||||||||
175,000 | Hillsborough County Aviation Authority | 5.000 | 10/01/31 | 205,135 | ||||||||||||
185,000 | Hillsborough County Aviation Authority | 5.000 | 10/01/32 | 216,195 | ||||||||||||
190,000 | Hillsborough County Aviation Authority | 5.000 | 10/01/33 | 221,625 | ||||||||||||
400,000 | Hillsborough County Port District | 5.000 | 06/01/29 | 495,440 | ||||||||||||
1,000,000 | Hillsborough County Port District | 5.000 | 06/01/33 | 1,225,500 | ||||||||||||
2,000,000 | JEA Electric System Revenue | 4.110 | 10/01/34 | 2,000,000 | ||||||||||||
210,000 | Miami-Dade County Educational Facilities Authority | 5.000 | 04/01/28 | 249,073 | ||||||||||||
1,375,000 | Miami-Dade County Expressway Authority | 5.000 | 07/01/31 | 1,624,659 | ||||||||||||
2,180,000 | Port St. Lucie Community Redevelopment Agency | 5.000 | 01/01/26 | 2,589,949 | ||||||||||||
500,000 | School District of Broward County | 5.000 | 07/01/31 | 593,705 | ||||||||||||
75,000 | Volusia County Educational Facility Authority | 5.000 | 10/15/25 | 86,999 | ||||||||||||
540,000 | Volusia County Educational Facility Authority | 5.000 | 10/15/32 | 631,741 | ||||||||||||
TOTAL FLORIDA | 17,890,592 | |||||||||||||||
GEORGIA - 3.4% | ||||||||||||||||
1,250,000 | Brookhaven Development Authority | 5.000 | 07/01/27 | 1,559,137 | ||||||||||||
1,110,000 | Burke County Development Authority | 2.250 | 10/01/32 | 1,091,940 | ||||||||||||
1,000,000 | Dahlonega Downtown Development Authority | 4.000 | 07/01/37 | 1,107,740 | ||||||||||||
1,250,000 | Dahlonega Downtown Development Authority | 4.000 | 07/01/38 | 1,380,387 | ||||||||||||
1,000,000 | Dahlonega Downtown Development Authority | 5.000 | 07/01/39 | 1,183,000 | ||||||||||||
250,000 | Georgia Municipal Association, Inc | 5.000 | 12/01/30 | 311,205 | ||||||||||||
1,000,000 | Glynn-Brunswick Memorial Hospital Authority | 5.000 | 08/01/47 | 1,164,700 | ||||||||||||
1,020,000 | Main Street Natural Gas, Inc | 4.000 | 08/01/49 | 1,088,360 | ||||||||||||
500,000 | Municipal Electric Authority of Georgia | 5.000 | 01/01/25 | 551,985 | ||||||||||||
TOTAL GEORGIA | 9,438,454 | |||||||||||||||
GUAM - 0.2% | ||||||||||||||||
200,000 | Port Authority of Guam | 5.000 | 07/01/29 | 203,200 | ||||||||||||
200,000 | Port Authority of Guam | 5.000 | 07/01/30 | 202,228 | ||||||||||||
TOTAL GUAM | 405,428 |
270 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
HAWAII - 1.4% | ||||||||||||||||
$ | 1,275,000 | City & County of Honolulu HI | 5.000 | % | 09/01/27 | $ | 1,606,831 | |||||||||
1,000,000 | State of Hawaii Airports System Revenue | 5.000 | 07/01/29 | 1,153,640 | ||||||||||||
1,000,000 | State of Hawaii Airports System Revenue | 5.000 | 07/01/41 | 1,106,710 | ||||||||||||
TOTAL HAWAII | 3,867,181 | |||||||||||||||
ILLINOIS - 12.5% | ||||||||||||||||
1,500,000 | Chicago Board of Education | 5.000 | 12/01/26 | 1,539,345 | ||||||||||||
1,335,000 | Chicago Board of Education | 4.000 | 12/01/27 | 1,286,219 | ||||||||||||
500,000 | Chicago Housing Authority | 5.000 | 01/01/33 | 603,235 | ||||||||||||
2,000,000 | Chicago Midway International Airport | 5.000 | 01/01/26 | 2,296,600 | ||||||||||||
400,000 | Chicago O'Hare International Airport | 5.000 | 01/01/22 | 422,620 | ||||||||||||
750,000 | Chicago O'Hare International Airport | 5.000 | 01/01/25 | 837,195 | ||||||||||||
300,000 | Chicago O'Hare International Airport | 5.000 | 01/01/28 | 343,737 | ||||||||||||
1,000,000 | Chicago O'Hare International Airport | 5.000 | 01/01/32 | 1,102,090 | ||||||||||||
1,000,000 | Chicago Transit Authority | 5.000 | 06/01/25 | 1,157,340 | ||||||||||||
3,250,000 | City of Chicago IL | 5.000 | 01/01/28 | 3,365,147 | ||||||||||||
500,000 | City of Chicago IL Wastewater Transmission Revenue | 5.000 | 01/01/22 | 529,255 | ||||||||||||
1,500,000 | City of Chicago IL Wastewater Transmission Revenue | 5.000 | 01/01/22 | 1,587,765 | ||||||||||||
1,000,000 | City of Chicago IL Wastewater Transmission Revenue | 5.000 | 01/01/25 | 1,127,280 | ||||||||||||
1,000,000 | City of Chicago IL Wastewater Transmission Revenue | 5.000 | 01/01/26 | 1,150,620 | ||||||||||||
1,250,000 | City of Chicago IL, GO | 5.000 | 01/01/29 | 1,294,125 | ||||||||||||
1,500,000 | City of Chicago IL, GO | 5.500 | 01/01/35 | 1,556,220 | ||||||||||||
650,000 | City of Chicago IL, GO | 5.500 | 01/01/37 | 672,204 | ||||||||||||
500,000 | City of Chicago IL, GO | 5.500 | 01/01/42 | 513,815 | ||||||||||||
1,750,000 | County of Cook IL | 5.000 | 11/15/31 | 1,788,640 | ||||||||||||
400,000 | Illinois Finance Authority | 5.000 | 05/01/21 | 412,704 | ||||||||||||
500,000 | Illinois Finance Authority | 5.000 | 11/01/21 | 522,835 | ||||||||||||
1,000,000 | Illinois State Toll Highway Authority | 5.000 | 01/01/25 | 1,147,720 | ||||||||||||
2,000,000 | Metropolitan Water Reclamation District of Greater Chicago | 5.000 | 12/01/30 | 2,333,400 | ||||||||||||
1,500,000 | Sales Tax Securitization Corp | 5.000 | 01/01/30 | 1,720,620 | ||||||||||||
2,000,000 | State of Illinois | 5.000 | 06/01/28 | 2,072,360 | ||||||||||||
145,000 | State of Illinois, GO | 6.250 | 12/15/20 | 148,132 | ||||||||||||
250,000 | Village of Broadview IL | 5.000 | 12/01/28 | 309,915 | ||||||||||||
200,000 | Village of Broadview IL | 5.000 | 12/01/29 | 247,420 | ||||||||||||
545,000 | Village of Broadview IL | 5.000 | 12/01/30 | 672,230 | ||||||||||||
745,000 | Village of Broadview IL | 5.000 | 12/01/33 | 908,177 | ||||||||||||
TOTAL ILLINOIS | 33,668,965 | |||||||||||||||
INDIANA - 0.6% | ||||||||||||||||
1,365,000 | City of Whiting IN | 5.000 | 12/01/44 | 1,488,833 | ||||||||||||
TOTAL INDIANA | 1,488,833 | |||||||||||||||
IOWA - 0.2% | ||||||||||||||||
475,000 | Iowa Higher Education Loan Authority | 5.000 | 10/01/27 | 579,728 | ||||||||||||
TOTAL IOWA | 579,728 | |||||||||||||||
KENTUCKY - 2.0% | ||||||||||||||||
2,000,000 | Kentucky Turnpike Authority | 5.000 | 07/01/26 | 2,414,180 | ||||||||||||
1,250,000 | Paducah Electric Plant Board | 5.000 | 10/01/34 | 1,490,725 | ||||||||||||
1,250,000 | Paducah Electric Plant Board | 5.000 | 10/01/35 | 1,484,988 | ||||||||||||
TOTAL KENTUCKY | 5,389,893 |
271 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
LOUISIANA - 1.6% | ||||||||||||||||
$ | 750,000 | Louisiana Local Government Environmental Facilities & Community Development Auth | 5.000 | % | 10/01/27 | $ | 927,788 | |||||||||
500,000 | New Orleans Aviation Board | 5.000 | 10/01/33 | 622,580 | ||||||||||||
1,250,000 | St. Tammany Parish Hospital Service District No | 5.000 | 07/01/33 | 1,526,713 | ||||||||||||
1,000,000 | State of Louisiana | 5.000 | 08/01/26 | 1,217,610 | ||||||||||||
TOTAL LOUISIANA | 4,294,691 | |||||||||||||||
MAINE - 0.2% | ||||||||||||||||
750,000 | g | Finance Authority of Maine | 5.375 | 12/15/33 | 635,663 | |||||||||||
TOTAL MAINE | 635,663 | |||||||||||||||
MARYLAND - 0.8% | ||||||||||||||||
2,000,000 | County of Baltimore MD | 4.000 | 01/01/29 | 2,268,040 | ||||||||||||
TOTAL MARYLAND | 2,268,040 | |||||||||||||||
MASSACHUSETTS - 0.2% | ||||||||||||||||
500,000 | Massachusetts Development Finance Agency | 5.000 | 12/01/29 | 596,975 | ||||||||||||
TOTAL MASSACHUSETTS | 596,975 | |||||||||||||||
MICHIGAN - 4.8% | ||||||||||||||||
915,000 | Lansing Community College | 5.000 | 05/01/32 | 988,191 | ||||||||||||
275,000 | Lansing Community College | 5.000 | 05/01/32 | 295,323 | ||||||||||||
2,000,000 | Michigan Finance Authority | 5.000 | 04/01/25 | 2,312,860 | ||||||||||||
2,000,000 | Michigan Finance Authority | 5.000 | 11/15/28 | 2,390,080 | ||||||||||||
1,650,000 | Michigan Finance Authority | 5.000 | 07/01/44 | 1,749,924 | ||||||||||||
3,000,000 | Michigan State Housing Development Authority | 5.250 | 06/01/38 | 3,000,000 | ||||||||||||
1,250,000 | Wayne County Airport Authority | 5.000 | 12/01/29 | 1,494,350 | ||||||||||||
385,000 | Wayne County Airport Authority | 5.000 | 12/01/29 | 472,037 | ||||||||||||
TOTAL MICHIGAN | 12,702,765 | |||||||||||||||
MINNESOTA - 0.9% | ||||||||||||||||
1,055,000 | City of Minneapolis MN | 5.000 | 11/15/33 | 1,313,718 | ||||||||||||
70,000 | Duluth Economic Development Authority | 5.000 | 02/15/33 | 82,801 | ||||||||||||
500,000 | Northern Municipal Power Agency | 5.000 | 01/01/26 | 597,060 | ||||||||||||
500,000 | Northern Municipal Power Agency | 5.000 | 01/01/28 | 588,010 | ||||||||||||
TOTAL MINNESOTA | 2,581,589 | |||||||||||||||
MISSISSIPPI - 3.4% | ||||||||||||||||
4,000,000 | Mississippi Business Finance Corp | 3.790 | 12/01/30 | 4,000,000 | ||||||||||||
1,250,000 | Mississippi Development Bank | 5.000 | 03/01/25 | 1,429,838 | ||||||||||||
1,045,000 | Mississippi Development Bank | 5.000 | 03/01/26 | 1,218,951 | ||||||||||||
1,000,000 | Mississippi Development Bank | 5.000 | 06/01/27 | 1,237,150 | ||||||||||||
1,000,000 | Mississippi Development Bank | 5.000 | 03/01/35 | 1,130,060 | ||||||||||||
TOTAL MISSISSIPPI | 9,015,999 | |||||||||||||||
MISSOURI - 2.7% | ||||||||||||||||
1,225,000 | City of Kansas City MO | 5.000 | 10/01/26 | 1,438,958 | ||||||||||||
1,000,000 | City of St. Louis MO Parking Revenue | 5.000 | 12/15/25 | 1,178,970 | ||||||||||||
1,000,000 | City of St. Louis MO Parking Revenue | 5.000 | 12/15/26 | 1,187,000 | ||||||||||||
900,000 | Health & Educational Facilities Authority of the State of Missouri | 5.000 | 02/15/28 | 1,124,496 | ||||||||||||
450,000 | St. Louis Land Clearance for Redevelopment Authority | 4.000 | 06/01/20 | 451,661 | ||||||||||||
1,745,000 | St. Louis Municipal Finance Corp | 5.000 | 02/15/26 | 2,081,506 | ||||||||||||
TOTAL MISSOURI | 7,462,591 |
272 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
NEBRASKA - 0.1% | ||||||||||||||||
$ | 250,000 | Omaha Airport Authority | 5.000 | % | 12/15/22 | $ | 270,323 | |||||||||
TOTAL NEBRASKA | 270,323 | |||||||||||||||
NEVADA - 0.6% | ||||||||||||||||
1,000,000 | Las Vegas Redevelopment Agency | 5.000 | 06/15/26 | 1,166,440 | ||||||||||||
625,000 | g | State of Nevada Department of Business & Industry | 6.950 | 02/15/38 | 642,462 | |||||||||||
TOTAL NEVADA | 1,808,902 | |||||||||||||||
NEW JERSEY - 5.5% | ||||||||||||||||
1,000,000 | New Jersey Economic Development Authority | 5.000 | 06/15/27 | 1,098,200 | ||||||||||||
3,500,000 | New Jersey Economic Development Authority | 5.000 | 11/01/35 | 3,749,200 | ||||||||||||
1,000,000 | New Jersey Educational Facilities Authority | 5.000 | 07/01/27 | 1,168,970 | ||||||||||||
1,000,000 | New Jersey Transportation Trust Fund Authority | 5.000 | 06/15/29 | 1,106,990 | ||||||||||||
765,000 | New Jersey Transportation Trust Fund Authority | 5.000 | 12/15/33 | 820,424 | ||||||||||||
6,000,000 | New Jersey Transportation Trust Fund Authority | 5.000 | 06/15/34 | 6,424,620 | ||||||||||||
500,000 | South Jersey Port Corp | 5.000 | 01/01/48 | 517,185 | ||||||||||||
TOTAL NEW JERSEY | 14,885,589 | |||||||||||||||
NEW YORK - 4.0% | ||||||||||||||||
1,000,000 | Brooklyn Arena Local Development Corp | 5.000 | 07/15/25 | 1,034,150 | ||||||||||||
1,000,000 | Brooklyn Arena Local Development Corp | 5.000 | 07/15/26 | 1,034,790 | ||||||||||||
1,000,000 | Metropolitan Transportation Authority | 5.000 | 11/15/25 | 1,084,320 | ||||||||||||
1,750,000 | New York State Dormitory Authority | 5.000 | 07/01/33 | 2,002,403 | ||||||||||||
375,000 | New York Transportation Development Corp | 5.000 | 07/01/30 | 390,630 | ||||||||||||
1,000,000 | New York Transportation Development Corp | 5.000 | 08/01/31 | 993,100 | ||||||||||||
715,000 | New York Transportation Development Corp | 5.000 | 01/01/36 | 695,952 | ||||||||||||
1,000,000 | Port Authority of New York & New Jersey | 4.000 | 11/01/34 | 1,109,480 | ||||||||||||
1,000,000 | Port Authority of New York & New Jersey | 5.000 | 11/01/35 | 1,244,220 | ||||||||||||
1,000,000 | Westchester County Local Development Corp | 5.000 | 11/01/25 | 1,182,590 | ||||||||||||
TOTAL NEW YORK | 10,771,635 | |||||||||||||||
NORTH CAROLINA - 2.4% | ||||||||||||||||
100,000 | City of Charlotte NC Airport Revenue | 5.000 | 07/01/25 | 114,987 | ||||||||||||
1,355,000 | County of Duplin NC | 5.000 | 04/01/27 | 1,609,754 | ||||||||||||
1,000,000 | North Carolina Medical Care Commission | 5.000 | 12/01/26 | 1,214,910 | ||||||||||||
2,000,000 | North Carolina Medical Care Commission | 5.000 | 06/01/34 | 2,011,520 | ||||||||||||
255,000 | North Carolina Medical Care Commission | 3.000 | 07/01/36 | 267,717 | ||||||||||||
200,000 | North Carolina Turnpike Authority | 5.000 | 01/01/22 | 212,238 | ||||||||||||
1,000,000 | The Charlotte-Mecklenburg Hospital Authority | 5.000 | 01/15/26 | 1,200,830 | ||||||||||||
TOTAL NORTH CAROLINA | 6,631,956 | |||||||||||||||
NORTH DAKOTA - 0.4% | ||||||||||||||||
1,000,000 | North Dakota Housing Finance Agency | 2.400 | 01/01/26 | 1,020,050 | ||||||||||||
TOTAL NORTH DAKOTA | 1,020,050 | |||||||||||||||
OHIO - 2.2% | ||||||||||||||||
1,000,000 | American Municipal Power, Inc | 5.000 | 02/15/34 | 1,241,590 | ||||||||||||
1,000,000 | City of Cleveland OH Airport System Revenue | 5.000 | 01/01/27 | 1,177,990 | ||||||||||||
200,000 | City of Cleveland OH Income Tax Revenue | 5.000 | 10/01/27 | 248,848 | ||||||||||||
250,000 | City of Cleveland OH Income Tax Revenue | 5.000 | 10/01/28 | 313,582 | ||||||||||||
240,000 | City of Toledo OH | 4.000 | 12/01/29 | 279,072 | ||||||||||||
250,000 | City of Toledo OH | 4.000 | 12/01/30 | 289,728 |
273 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 200,000 | City of Toledo OH | 4.000 | % | 12/01/31 | $ | 230,252 | |||||||||
1,500,000 | County of Miami OH | 5.000 | 08/01/32 | 1,830,210 | ||||||||||||
175,000 | State of Ohio | 5.000 | 01/15/35 | 211,822 | ||||||||||||
TOTAL OHIO | 5,823,094 | |||||||||||||||
OKLAHOMA - 0.9% | ||||||||||||||||
750,000 | Oklahoma Development Finance Authority | 5.000 | 08/15/28 | 921,060 | ||||||||||||
1,500,000 | Oklahoma Development Finance Authority | 5.250 | 08/15/48 | 1,675,140 | ||||||||||||
TOTAL OKLAHOMA | 2,596,200 | |||||||||||||||
OREGON - 1.6% | ||||||||||||||||
3,000,000 | g | Oregon State Business Development Commission | 6.500 | 04/01/31 | 2,081,340 | |||||||||||
1,000,000 | Oregon State Business Development Commission | 11.500 | 04/01/31 | 848,510 | ||||||||||||
1,000,000 | Tri-County Metropolitan Transportation District of Oregon | 5.000 | 10/01/28 | 1,254,330 | ||||||||||||
TOTAL OREGON | 4,184,180 | |||||||||||||||
PENNSYLVANIA - 4.4% | ||||||||||||||||
1,100,000 | Allegheny County Higher Education Building Authority | 5.000 | 03/01/29 | 1,265,396 | ||||||||||||
480,000 | Borough of Columbia PA | 4.000 | 06/15/38 | 498,360 | ||||||||||||
1,200,000 | g | City of Chester PA | 4.125 | 11/30/20 | 1,173,204 | |||||||||||
1,000,000 | City of Philadelphia PA | 5.000 | 08/01/26 | 1,196,180 | ||||||||||||
740,000 | Coatesville School District | 5.000 | 08/01/25 | 863,469 | ||||||||||||
2,000,000 | Pennsylvania Economic Development Financing Authority | 5.000 | 12/31/25 | 2,205,200 | ||||||||||||
415,000 | Pittsburgh Water & Sewer Authority | 5.000 | 09/01/27 | 518,024 | ||||||||||||
1,500,000 | School District of the City of Erie | 5.000 | 04/01/28 | 1,856,475 | ||||||||||||
1,155,000 | State Public School Building Authority | 5.000 | 05/01/25 | 1,353,106 | ||||||||||||
915,000 | Township of Northampton PA | 4.000 | 05/15/33 | 997,487 | ||||||||||||
TOTAL PENNSYLVANIA | 11,926,901 | |||||||||||||||
RHODE ISLAND - 0.7% | ||||||||||||||||
825,000 | Rhode Island Commerce Corp | 5.000 | 06/15/27 | 1,009,577 | ||||||||||||
810,000 | Rhode Island Health & Educational Building Corp | 4.000 | 05/15/20 | 812,616 | ||||||||||||
TOTAL RHODE ISLAND | 1,822,193 | |||||||||||||||
SOUTH CAROLINA - 0.3% | ||||||||||||||||
265,000 | City of Rock Hill SC Combined Utility System Revenue | 5.000 | 01/01/27 | 324,278 | ||||||||||||
170,000 | City of Rock Hill SC Combined Utility System Revenue | 5.000 | 01/01/28 | 212,692 | ||||||||||||
265,000 | City of Rock Hill SC Combined Utility System Revenue | 5.000 | 01/01/29 | 338,495 | ||||||||||||
TOTAL SOUTH CAROLINA | 875,465 | |||||||||||||||
SOUTH DAKOTA - 0.2% | ||||||||||||||||
465,000 | South Dakota Health & Educational Facilities Authority | 5.000 | 11/01/25 | 553,187 | ||||||||||||
TOTAL SOUTH DAKOTA | 553,187 | |||||||||||||||
TENNESSEE - 1.4% | ||||||||||||||||
350,000 | Knox County Health Educational & Housing Facility Board | 5.000 | 04/01/20 | 350,000 | ||||||||||||
2,305,000 | Metropolitan Nashville Airport Authority | 5.000 | 07/01/35 | 2,793,314 | ||||||||||||
755,000 | Tennessee Energy Acquisition Corp | 4.000 | 11/01/49 | 784,687 | ||||||||||||
TOTAL TENNESSEE | 3,928,001 |
274 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
TEXAS - 10.2% | ||||||||||||||||
$ | 800,000 | Austin Convention Enterprises, Inc | 5.000 | % | 01/01/22 | $ | 806,424 | |||||||||
1,100,000 | Central Texas Regional Mobility Authority | 5.000 | 01/01/27 | 1,230,482 | ||||||||||||
1,210,000 | Central Texas Regional Mobility Authority | 5.000 | 01/01/29 | 1,366,102 | ||||||||||||
400,000 | City of Austin TX Airport System Revenue | 5.000 | 11/15/27 | 473,152 | ||||||||||||
900,000 | City of Austin TX Airport System Revenue | 5.000 | 11/15/39 | 989,694 | ||||||||||||
1,000,000 | City of El Paso TX | 4.000 | 08/15/35 | 1,170,680 | ||||||||||||
2,000,000 | City of El Paso TX Airport Revenue | 5.000 | 08/15/28 | 2,381,500 | ||||||||||||
1,970,000 | City of Houston TX | 5.000 | 03/01/32 | 2,385,020 | ||||||||||||
1,500,000 | City of Lubbock TX | 5.000 | 02/15/25 | 1,753,560 | ||||||||||||
500,000 | County of Galveston TX | 4.000 | 02/01/38 | 560,335 | ||||||||||||
550,000 | Dallas County Utility & Reclamation District | 5.000 | 02/15/26 | 659,136 | ||||||||||||
1,105,000 | Love Field Airport Modernization Corp | 5.250 | 11/01/40 | 1,084,502 | ||||||||||||
1,000,000 | Lower Colorado River Authority | 5.000 | 05/15/25 | 1,177,020 | ||||||||||||
600,000 | North Texas Tollway Authority | 5.000 | 01/01/25 | 698,148 | ||||||||||||
1,000,000 | North Texas Tollway Authority | 5.000 | 01/01/30 | 1,236,790 | ||||||||||||
420,000 | Port Freeport TX | 5.000 | 06/01/28 | 530,557 | ||||||||||||
825,000 | Port Freeport TX | 5.000 | 06/01/29 | 1,031,778 | ||||||||||||
865,000 | Port Freeport TX | 5.000 | 06/01/30 | 1,078,759 | ||||||||||||
935,000 | Port Freeport TX | 5.000 | 06/01/32 | 1,159,643 | ||||||||||||
1,545,000 | Texas Municipal Gas Acquisition & Supply Corp III | 5.000 | 12/15/32 | 1,595,444 | ||||||||||||
2,500,000 | Texas Private Activity Bond Surface Transportation Corp | 5.000 | 12/31/35 | 2,815,225 | ||||||||||||
1,000,000 | University of North Texas | 5.000 | 04/15/27 | 1,243,310 | ||||||||||||
TOTAL TEXAS | 27,427,261 | |||||||||||||||
UTAH - 1.0% | ||||||||||||||||
475,000 | Salt Lake City Corp Airport Revenue | 5.000 | 07/01/31 | 556,106 | ||||||||||||
1,000,000 | Salt Lake City Corp Airport Revenue | 5.000 | 07/01/32 | 1,166,410 | ||||||||||||
1,000,000 | Salt Lake City Corp Airport Revenue | 5.000 | 07/01/33 | 1,162,860 | ||||||||||||
TOTAL UTAH | 2,885,376 | |||||||||||||||
VIRGIN ISLANDS - 1.8% | ||||||||||||||||
2,000,000 | g | Virgin Islands Public Finance Authority | 5.000 | 09/01/25 | 2,265,300 | |||||||||||
2,500,000 | g | Virgin Islands Public Finance Authority | 5.000 | 09/01/33 | 2,782,000 | |||||||||||
TOTAL VIRGIN ISLANDS | 5,047,300 | |||||||||||||||
WASHINGTON - 1.4% | ||||||||||||||||
1,855,000 | g | City of Bellingham WA Water & Sewer Revenue | 5.500 | 02/01/21 | 1,855,000 | |||||||||||
500,000 | Klickitat County Public Utility District No | 5.000 | 12/01/27 | 617,500 | ||||||||||||
1,000,000 | Pend Oreille County Public Utility District No Box Canyon | 5.000 | 01/01/29 | 1,195,990 | ||||||||||||
TOTAL WASHINGTON | 3,668,490 | |||||||||||||||
WEST VIRGINIA - 1.4% | ||||||||||||||||
1,000,000 | West Virginia Higher Education Policy Commission | 5.000 | 07/01/27 | 1,237,980 | ||||||||||||
750,000 | West Virginia Hospital Finance Authority | 5.000 | 01/01/29 | 924,248 | ||||||||||||
1,215,000 | West Virginia Hospital Finance Authority | 5.000 | 01/01/30 | 1,493,903 | ||||||||||||
TOTAL WEST VIRGINIA | 3,656,131 | |||||||||||||||
TOTAL LONG-TERM MUNICIPAL BONDS | 260,416,460 | |||||||||||||||
(Cost $257,154,163) |
275 |
TIAA-CREF FUNDS – 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
SHORT-TERM MUNICIPAL BONDS - 1.1% | ||||||||||||||||
NATIONAL - 1.1% | ||||||||||||||||
$ | 3,000,000 | g | JPMorgan Chase Putters | 4.125 | % | 06/01/21 | $ | 3,000,000 | ||||||||
TOTAL NATIONAL | 3,000,000 | |||||||||||||||
TOTAL SHORT-TERM MUNICIPAL BONDS | 3,000,000 | |||||||||||||||
(Cost $3,000,000) | ||||||||||||||||
TOTAL INVESTMENTS - 97.4% | 263,416,460 | |||||||||||||||
(Cost $260,154,163) | ||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - 2.6% | 6,973,364 | |||||||||||||||
NET ASSETS - 100.0% | $ | 270,389,824 |
Abbreviation(s): | |||
GO | General Obligation | ||
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/2020, the aggregate value of these securities is $17,452,482 or 6.5% of net assets. |
276 |
TIAA-CREF FUNDS – Green Bond Fund
TIAA-CREF FUNDS
GREEN BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2020
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
BANK LOAN OBLIGATIONS - 1.3% | ||||||||||||||||||
UTILITIES - 1.3% | ||||||||||||||||||
$ | 477,543 | i | ExGen Renewables IV LLC | LIBOR 3 M + 3.000% | 4.620 | % | 11/28/24 | $ | 427,401 | |||||||||
TOTAL UTILITIES | 427,401 | |||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 427,401 | |||||||||||||||||
(Cost $473,689) | ||||||||||||||||||
BONDS - 93.5% | ||||||||||||||||||
CORPORATE BONDS - 42.6% | ||||||||||||||||||
BANKS - 6.7% | ||||||||||||||||||
725,000 | Bank of America Corp | 2.456 | 10/22/25 | 731,134 | ||||||||||||||
250,000 | First Abu Dhabi Bank PJSC | 3.000 | 03/30/22 | 247,250 | ||||||||||||||
500,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 496,312 | ||||||||||||||
500,000 | g | ING Groep NV | 4.625 | 01/06/26 | 526,980 | |||||||||||||
200,000 | g | Shinhan Financial Group Co Ltd | 3.340 | 02/05/30 | 206,739 | |||||||||||||
TOTAL BANKS | 2,208,415 | |||||||||||||||||
CAPITAL GOODS - 0.7% | ||||||||||||||||||
250,000 | g | NBM US Holdings, Inc | 6.625 | 08/06/29 | 225,000 | |||||||||||||
TOTAL CAPITAL GOODS | 225,000 | |||||||||||||||||
CONSUMER SERVICES - 1.6% | ||||||||||||||||||
250,000 | Conservation Fund | 3.474 | 12/15/29 | 279,503 | ||||||||||||||
260,000 | Nature Conservancy | 2.843 | 02/01/24 | 260,278 | ||||||||||||||
TOTAL CONSUMER SERVICES | 539,781 | |||||||||||||||||
MATERIALS - 3.6% | ||||||||||||||||||
250,000 | g | Celulosa Arauco y Constitucion S.A. | 5.150 | 01/29/50 | 196,750 | |||||||||||||
525,000 | g | Inversiones CMPC S.A. | 4.375 | 04/04/27 | 489,568 | |||||||||||||
500,000 | g | LG Chem Ltd | 3.625 | 04/15/29 | 493,118 | |||||||||||||
TOTAL MATERIALS | 1,179,436 | |||||||||||||||||
REAL ESTATE - 2.3% | ||||||||||||||||||
500,000 | Alexandria Real Estate Equities, Inc | 4.000 | 01/15/24 | 510,833 | ||||||||||||||
275,000 | g | HAT Holdings I LLC | 5.250 | 07/15/24 | 264,000 | |||||||||||||
TOTAL REAL ESTATE | 774,833 | |||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 3.2% | ||||||||||||||||||
500,000 | Apple, Inc | 2.850 | 02/23/23 | 521,638 | ||||||||||||||
500,000 | Apple, Inc | 3.000 | 06/20/27 | 540,980 | ||||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 1,062,618 |
277 |
TIAA-CREF FUNDS – Green Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
UTILITIES - 24.5% | ||||||||||||||||||
$ | 250,000 | g | AES Gener S.A. | 6.350 | % | 10/07/79 | $ | 190,000 | ||||||||||
500,000 | Avangrid, Inc | 3.150 | 12/01/24 | 497,366 | ||||||||||||||
500,000 | g | Azure Power Energy Ltd | 5.500 | 11/03/22 | 456,447 | |||||||||||||
215,000 | g | Consorcio Transmantaro SA | 4.700 | 04/16/34 | 201,296 | |||||||||||||
250,000 | DTE Electric Co | 4.050 | 05/15/48 | 283,804 | ||||||||||||||
250,000 | Duke Energy Florida LLC | 2.500 | 12/01/29 | 245,697 | ||||||||||||||
250,000 | g | Electricite de France S.A. | 3.625 | 10/13/25 | 257,324 | |||||||||||||
500,000 | Georgia Power Co | 3.250 | 04/01/26 | 519,090 | ||||||||||||||
250,000 | g | Hanwha Energy USA Holdings Corp | 2.375 | 07/30/22 | 248,658 | |||||||||||||
500,000 | Interstate Power & Light Co | 4.100 | 09/26/28 | 560,077 | ||||||||||||||
500,000 | MidAmerican Energy Co | 3.950 | 08/01/47 | 538,602 | ||||||||||||||
600,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 644,004 | ||||||||||||||
250,000 | MidAmerican Energy Co | 3.150 | 04/15/50 | 253,477 | ||||||||||||||
250,000 | NorthWestern Corp | 4.176 | 11/15/44 | 274,756 | ||||||||||||||
529,000 | Public Service Co of Colorado | 3.700 | 06/15/28 | 560,389 | ||||||||||||||
200,000 | Public Service Co of Colorado | 4.100 | 06/15/48 | 217,779 | ||||||||||||||
550,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 556,546 | ||||||||||||||
250,000 | Southern Power Co | 2.500 | 12/15/21 | 246,246 | ||||||||||||||
230,000 | g | Star Energy Geothermal Wayang Windu Ltd | 6.750 | 04/24/33 | 207,152 | |||||||||||||
381,372 | g | Topaz Solar Farms LLC | 4.875 | 09/30/39 | 392,789 | |||||||||||||
750,000 | Westar Energy, Inc | 2.550 | 07/01/26 | 778,273 | ||||||||||||||
TOTAL UTILITIES | 8,129,772 | |||||||||||||||||
TOTAL CORPORATE BONDS | 14,119,855 | |||||||||||||||||
(Cost $13,671,870) | ||||||||||||||||||
GOVERNMENT BONDS - 30.0% | ||||||||||||||||||
AGENCY SECURITIES - 4.1% | ||||||||||||||||||
250,000 | Overseas Private Investment Corp (OPIC) | 1.790 | 10/15/29 | 261,075 | ||||||||||||||
250,000 | OPIC | 2.360 | 10/15/29 | 265,927 | ||||||||||||||
243,400 | OPIC | 3.050 | 06/15/35 | 274,115 | ||||||||||||||
243,400 | OPIC | 3.590 | 06/15/35 | 284,009 | ||||||||||||||
250,000 | OPIC | 2.580 | 07/15/38 | 276,439 | ||||||||||||||
TOTAL AGENCY SECURITIES | 1,361,565 | |||||||||||||||||
FOREIGN GOVERNMENT BONDS - 12.5% | ||||||||||||||||||
579,000 | Asian Development Bank | 1.750 | 08/14/26 | 611,211 | ||||||||||||||
250,000 | Asian Development Bank | 3.125 | 09/26/28 | 292,832 | ||||||||||||||
250,000 | Chile Government International Bond | 3.500 | 01/25/50 | 258,750 | ||||||||||||||
250,000 | European Bank for Reconstruction & Development | 1.625 | 09/27/24 | 261,101 | ||||||||||||||
275,000 | European Investment Bank | 1.625 | 10/09/29 | 287,086 | ||||||||||||||
500,000 | International Bank for Reconstruction & Development | 2.125 | 03/03/25 | 534,709 | ||||||||||||||
500,000 | International Bank for Reconstruction & Development | 3.125 | 11/20/25 | 564,634 | ||||||||||||||
250,000 | g | International Development Association | 2.750 | 04/24/23 | 267,404 | |||||||||||||
500,000 | �� | Kreditanstalt fuer Wiederaufbau | 1.750 | 09/14/29 | 532,238 | |||||||||||||
300,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.750 | 03/01/23 | 298,788 | |||||||||||||
250,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 251,823 | |||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 4,160,576 | |||||||||||||||||
MUNICIPAL BONDS - 13.4% | ||||||||||||||||||
360,000 | City of Austin TX Electric Utility Revenue | 2.677 | 11/15/25 | 373,212 | ||||||||||||||
300,000 | City of Cleveland OH Income Tax Revenue | 3.072 | 10/01/41 | 287,049 |
278 |
TIAA-CREF FUNDS – Green Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 600,000 | Grant County Public Utility District No 2 | 1.544 | % | 01/01/23 | $ | 604,266 | |||||||||||
250,000 | Grant County Public Utility District No 2 | 3.210 | 01/01/40 | 253,350 | ||||||||||||||
100,000 | Klickitat County Public Utilities | 3.688 | 12/01/38 | 103,583 | ||||||||||||||
210,000 | Mount Shasta Public Financing Authority | 3.000 | 08/01/35 | 223,518 | ||||||||||||||
220,000 | Mount Shasta Public Financing Authority | 2.625 | 08/01/36 | 225,498 | ||||||||||||||
120,000 | Mount Shasta Public Financing Authority | 2.625 | 08/01/37 | 122,574 | ||||||||||||||
160,000 | Mount Shasta Public Financing Authority | 2.750 | 08/01/38 | 163,787 | ||||||||||||||
165,000 | Mount Shasta Public Financing Authority | 2.750 | 08/01/39 | 168,552 | ||||||||||||||
125,000 | New York State Energy Research & Development Authority | 4.577 | 04/01/35 | 125,796 | ||||||||||||||
105,000 | New York State Environmental Facilities Corp | 2.506 | 11/15/22 | 108,065 | ||||||||||||||
500,000 | g | Ohio Air Quality Development Authority | 4.500 | 01/15/48 | 454,280 | |||||||||||||
240,000 | Semitropic Improvement District | 2.164 | 12/01/22 | 238,078 | ||||||||||||||
500,000 | i | State of California | LIBOR 1 M + 0.780% | 2.295 | 04/01/47 | 503,840 | ||||||||||||
500,000 | g | Warm Springs Reservation Confederated Tribe | 2.800 | 11/01/22 | 507,325 | |||||||||||||
TOTAL MUNICIPAL BONDS | 4,462,773 | |||||||||||||||||
TOTAL GOVERNMENT BONDS | 9,984,914 | |||||||||||||||||
(Cost $9,654,647) | ||||||||||||||||||
STRUCTURED ASSETS - 20.9% | ||||||||||||||||||
ASSET BACKED - 12.6% | ||||||||||||||||||
276,631 | g | HERO Funding Trust | 4.050 | 09/20/41 | 287,076 | |||||||||||||
Series - 2016 1A (Class A) | ||||||||||||||||||
430,225 | g | HERO Funding Trust | 3.910 | 09/20/42 | 447,110 | |||||||||||||
Series - 2016 3A (Class A2) | ||||||||||||||||||
242,542 | g | HERO Funding Trust | 4.290 | 09/20/47 | 255,611 | |||||||||||||
Series - 2016 4A (Class A2) | ||||||||||||||||||
106,849 | g | HERO Funding Trust | 4.460 | 09/20/47 | 113,861 | |||||||||||||
Series - 2017 1A (Class A2) | ||||||||||||||||||
258,325 | g | HERO Funding Trust | 3.190 | 09/20/48 | 253,814 | |||||||||||||
Series - 2017 3A (Class A1) | ||||||||||||||||||
520,524 | g | HERO Funding Trust | 3.950 | 09/20/48 | 524,334 | |||||||||||||
Series - 2017 3A (Class A2) | ||||||||||||||||||
250,000 | g | HERO Funding Trust | 2.720 | 09/20/57 | 230,695 | |||||||||||||
Series - 2020 1A (Class A) | ||||||||||||||||||
240,999 | g | Sunrun Athena Issuer LLC | 5.310 | 04/30/49 | 212,267 | |||||||||||||
Series - 2018 1 (Class A) | ||||||||||||||||||
496,891 | g | Sunrun Atlas Issuer LLC | 3.610 | 02/01/55 | 376,079 | |||||||||||||
Series - 2019 2 (Class A) | ||||||||||||||||||
463,693 | g | Sunrun Callisto Issuer LLC | 3.980 | 06/30/54 | 352,043 | |||||||||||||
Series - 2019 1A (Class A) | ||||||||||||||||||
637,672 | g | Tesla Auto Lease Trust | 3.710 | 08/20/21 | 640,548 | |||||||||||||
Series - 2018 B (Class A) | ||||||||||||||||||
250,000 | g | Tesla Auto Lease Trust | 2.160 | 10/20/22 | 250,663 | |||||||||||||
Series - 2019 A (Class A3) | ||||||||||||||||||
250,000 | g | Tesla Auto Lease Trust | 2.200 | 11/21/22 | 244,566 | |||||||||||||
Series - 2019 A (Class A4) | ||||||||||||||||||
TOTAL ASSET BACKED | 4,188,667 | |||||||||||||||||
OTHER MORTGAGE BACKED - 8.3% | ||||||||||||||||||
100,000 | g | BBCMS Trust | 4.498 | 08/10/35 | 94,335 |
279 |
TIAA-CREF FUNDS – Green Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
Series - 2015 SRCH (Class B) | ||||||||||||||||||
$ | 600,000 | g,i | BBCMS Trust | 4.957 | % | 08/10/35 | $ | 518,713 | ||||||||||
Series - 2015 SRCH (Class D) | ||||||||||||||||||
500,000 | g | COMM Mortgage Trust | 3.178 | 02/10/35 | 511,933 | |||||||||||||
Series - 2015 3BP (Class A) | ||||||||||||||||||
500,000 | g | CPT Mortgage Trust | 2.865 | 11/13/39 | 489,783 | |||||||||||||
Series - 2019 CPT (Class A) | ||||||||||||||||||
275,000 | g | GRACE Mortgage Trust | 3.369 | 06/10/28 | 276,396 | |||||||||||||
Series - 2014 GRCE (Class A) | ||||||||||||||||||
177,907 | g | JP Morgan Chase Commercial Mortgage Securities Trust | 3.093 | 07/05/32 | 177,013 | |||||||||||||
Series - 2012 HSBC (Class A) | ||||||||||||||||||
250,000 | g,i | Natixis Commercial Mortgage Securities Trust | 4.955 | 07/15/36 | 206,337 | |||||||||||||
Series - 2019 MILE (Class F) | ||||||||||||||||||
500,000 | g | One Bryant Park Trust | 2.516 | 09/15/54 | 498,072 | |||||||||||||
Series - 2019 OBP (Class A) | ||||||||||||||||||
TOTAL OTHER MORTGAGE BACKED | 2,772,582 | |||||||||||||||||
TOTAL STRUCTURED ASSETS | 6,961,249 | |||||||||||||||||
(Cost $7,333,996) | ||||||||||||||||||
TOTAL BONDS | 31,066,018 | |||||||||||||||||
(Cost $30,660,513) | ||||||||||||||||||
SHARES | COMPANY | |||||||||||||||||
PREFERRED STOCKS - 1.9% | ||||||||||||||||||
REAL ESTATE - 0.9% | ||||||||||||||||||
10,000 | Brookfield Property Partners LP | 159,400 | ||||||||||||||||
10,000 | * | Brookfield Property Partners LP | 140,000 | |||||||||||||||
TOTAL REAL ESTATE | 299,400 | |||||||||||||||||
UTILITIES - 1.0% | ||||||||||||||||||
16,000 | * | Brookfield Renewable Partners LP | 311,680 | |||||||||||||||
TOTAL UTILITIES | 311,680 | |||||||||||||||||
TOTAL PREFERRED STOCKS | 611,080 | |||||||||||||||||
(Cost $900,000) | ||||||||||||||||||
PRINCIPAL | ISSUER | |||||||||||||||||
SHORT-TERM INVESTMENTS - 1.3% | ||||||||||||||||||
GOVERNMENT AGENCY DEBT - 1.3% | ||||||||||||||||||
$ | 437,000 | Federal Home Loan Bank (FHLB) | 0.530 | 06/12/20 | 436,965 | |||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 436,965 | |||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 436,965 | |||||||||||||||||
(Cost $436,965) | ||||||||||||||||||
TOTAL INVESTMENTS - 98.0% | 32,541,464 | |||||||||||||||||
(Cost $32,471,167) | ||||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - 2.0% | 680,378 | |||||||||||||||||
NET ASSETS - 100.0% | $ | 33,221,842 |
280 |
TIAA-CREF FUNDS – Green Bond Fund
Abbreviation(s): | |||
LIBOR | London Interbank Offered Rate | ||
M | Month |
* | Non-income producing | ||
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/2020, the aggregate value of these securities is $13,096,690 or 39.4% of net assets. | ||
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. |
281 |
TIAA-CREF FUNDS –High-Yield Fund
TIAA-CREF FUNDS
HIGH-YIELD FUND
SCHEDULE OF INVESTMENTS
March 31, 2020
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
BANK LOAN OBLIGATIONS - 7.1% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.3% | |||||||||||||||||
$ | 11,423,284 | i | Gates Global LLC | LIBOR 1 M + 2.750% | 3.750 | % | 04/01/24 | $ | 9,846,870 | ||||||||
TOTAL AUTOMOBILES & COMPONENTS | 9,846,870 | ||||||||||||||||
CAPITAL GOODS - 0.9% | |||||||||||||||||
1,620,563 | i | Proampac PG Borrower LLC | LIBOR 1 M and 3 M + 3.500% | 5.263 | 11/20/23 | 1,343,041 | |||||||||||
4,398,947 | i | Titan Acquisition Ltd | LIBOR 3 M + 3.000% | 4.450 | 03/28/25 | 3,585,142 | |||||||||||
9,529,571 | i | TransDigm, Inc | LIBOR 1 M + 2.250% | 3.239 | 12/09/25 | 8,648,086 | |||||||||||
17,175,000 | i | Vertiv Group Corp | LIBOR 1 M + 3.000% | 4.581 | 03/02/27 | 14,770,500 | |||||||||||
TOTAL CAPITAL GOODS | 28,346,769 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.6% | |||||||||||||||||
1,500,000 | i | Amentum Government Services Holdings LLC | LIBOR 1 M + 4.000% | 4.989 | 01/29/27 | 1,380,000 | |||||||||||
14,540,583 | i | Spin Holdco, Inc | LIBOR 3 M + 3.250% | 5.093 | 11/14/22 | 12,904,768 | |||||||||||
4,254,792 | †,i | WASH Multifamily Laundry Systems LLC | LIBOR 1 M + 7.000% | 8.000 | 05/15/23 | 3,276,190 | |||||||||||
745,208 | †,i | WASH Multifamily Laundry Systems LLC | LIBOR 1 M + 7.000% | 8.603 | 05/15/23 | 573,810 | |||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 18,134,768 | ||||||||||||||||
CONSUMER DURABLES & APPAREL - 0.1% | |||||||||||||||||
5,757,455 | i | Academy Ltd | LIBOR 1 M + 4.000% | 5.581 | 07/01/22 | 3,073,848 | |||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 3,073,848 | ||||||||||||||||
CONSUMER SERVICES - 0.7% | |||||||||||||||||
13,275,000 | i | CDS US Intermediate Holdings, Inc | LIBOR 3 M + 8.250% | 9.700 | 07/10/23 | 5,088,706 | |||||||||||
9,653,063 | i | KUEHG Corp | LIBOR 3 M + 3.750% | 5.200 | 02/21/25 | 7,152,919 | |||||||||||
8,800,000 | i | KUEHG Corp | LIBOR 3 M + 8.250% | 9.700 | 08/22/25 | 8,008,000 | |||||||||||
3,641,374 | i | Scientific Games International, Inc | LIBOR 1 M and 2 M + 2.750% | 4.369 | 08/14/24 | 2,925,225 | |||||||||||
TOTAL CONSUMER SERVICES | 23,174,850 | ||||||||||||||||
ENERGY - 0.4% | |||||||||||||||||
8,750,000 | i | Buckeye Partners LP | LIBOR 1 M + 2.750% | 4.265 | 11/02/26 | 7,980,000 | |||||||||||
10,845,000 | i | California Resources Corp | LIBOR 3 M + 10.375% | 11.988 | 12/31/21 | 511,233 | |||||||||||
4,775,461 | i | Petrochoice Holdings, Inc | LIBOR 3 M + 5.000% | 6.777 | 08/21/22 | 3,915,878 | |||||||||||
TOTAL ENERGY | 12,407,111 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 0.1% | |||||||||||||||||
4,400,000 | i | Froneri US, Inc | LIBOR 1 M + 2.250% | 3.239 | 01/29/27 | 4,169,000 | |||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | �� | 4,169,000 | |||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.8% | |||||||||||||||||
3,950,000 | i | Da Vinci Purchaser Corp | LIBOR 3 M + 4.000% | 5.872 | 01/08/27 | 3,713,000 | |||||||||||
9,875,000 | i | Envision Healthcare Corp | LIBOR 1 M + 3.750% | 4.739 | 10/10/25 | 4,986,875 | |||||||||||
18,648,659 | i | RegionalCare Hospital Partners Holdings, Inc | LIBOR 1 M + 3.750% | 4.739 | 11/16/25 | 17,215,136 | |||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 25,915,011 |
282 |
TIAA-CREF FUNDS –High-Yield Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
INSURANCE - 0.7% | |||||||||||||||||
$ | 12,262,725 | i | Acrisure LLC | LIBOR 3 M + 3.500% | 5.207 | % | 02/15/27 | $ | 10,791,198 | ||||||||
5,475,000 | i | Asurion LLC | LIBOR 1 M + 6.500% | 7.489 | 08/04/25 | 4,989,094 | |||||||||||
3,366,563 | i | HUB International Ltd | LIBOR 3 M + 4.000% | 5.692 | 04/25/25 | 3,156,152 | |||||||||||
4,738,125 | i | USI, Inc | LIBOR 1 M + 4.000% | 4.989 | 12/02/26 | 4,232,709 | |||||||||||
TOTAL INSURANCE | 23,169,153 | ||||||||||||||||
MATERIALS - 0.5% | |||||||||||||||||
3,731,902 | i | Berlin Packaging LLC | LIBOR 1 M and 3 M + 3.000% | 4.590 | 11/07/25 | 3,281,427 | |||||||||||
4,750,000 | i | Berry Global, Inc | LIBOR 1 M + 2.000% | 2.863 | 10/01/22 | 4,522,380 | |||||||||||
4,300,000 | i | Ingersoll-Rand Services Co | LIBOR 1 M + 1.750% | 2.739 | 03/01/27 | 4,020,500 | |||||||||||
4,342,562 | i | Tronox Finance LLC | LIBOR 1 M and 3 M + 2.750% | 3.739 | 09/23/24 | 3,781,112 | |||||||||||
TOTAL MATERIALS | 15,605,419 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.2% | |||||||||||||||||
9,067,500 | i | Alphabet Holding Co, Inc | LIBOR 1 M + 3.500% | 4.489 | 09/26/24 | 7,168,403 | |||||||||||
1,078,793 | i | PAREXEL International Corp | LIBOR 1 M + 2.750% | 3.739 | 09/27/24 | 915,626 | |||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 8,084,029 | ||||||||||||||||
REAL ESTATE - 0.4% | |||||||||||||||||
14,442,188 | i | Cushman & Wakefield plc | LIBOR 1 M + 2.750% | 3.739 | 08/21/25 | 12,600,809 | |||||||||||
TOTAL REAL ESTATE | 12,600,809 | ||||||||||||||||
RETAILING - 0.4% | |||||||||||||||||
6,650,000 | Sally Holdings LLC | 4.500 | 07/05/24 | 5,685,750 | |||||||||||||
9,800,938 | i | Staples, Inc | LIBOR 1 M + 5.000% | 6.515 | 04/16/26 | 7,693,736 | |||||||||||
TOTAL RETAILING | 13,379,486 | ||||||||||||||||
SOFTWARE & SERVICES - 0.6% | |||||||||||||||||
23,000,000 | i | Dun & Bradstreet Corp | LIBOR 1 M + 4.000% | 4.959 | 02/06/26 | 20,613,750 | |||||||||||
TOTAL SOFTWARE & SERVICES | 20,613,750 | ||||||||||||||||
TRANSPORTATION - 0.3% | |||||||||||||||||
10,500,000 | i | Genesee & Wyoming, Inc | LIBOR 3 M + 2.000% | 3.450 | 12/30/26 | 10,007,865 | |||||||||||
TOTAL TRANSPORTATION | 10,007,865 | ||||||||||||||||
UTILITIES - 0.1% | |||||||||||||||||
3,418,779 | i | ExGen Renewables IV LLC | LIBOR 3 M + 3.000% | 4.620 | 11/28/24 | 3,059,808 | |||||||||||
TOTAL UTILITIES | 3,059,808 | ||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 231,588,546 | ||||||||||||||||
(Cost $285,718,825) | |||||||||||||||||
BONDS - 79.1% | |||||||||||||||||
CORPORATE BONDS - 79.1% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 3.1% | |||||||||||||||||
9,950,000 | g | Adient Global Holdings Ltd | 4.875 | 08/15/26 | 6,814,257 |
283 |
TIAA-CREF FUNDS –High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 3,600,000 | g | Allison Transmission, Inc | 5.000 | % | 10/01/24 | $ | 3,492,000 | |||||||||
600,000 | g | Allison Transmission, Inc | 4.750 | 10/01/27 | 552,000 | ||||||||||||
5,700,000 | g | Dana Financing Luxembourg SARL | 5.750 | 04/15/25 | 4,959,000 | ||||||||||||
7,500,000 | g | Dana Financing Luxembourg SARL | 6.500 | 06/01/26 | 6,600,000 | ||||||||||||
1,900,000 | Dana, Inc | 5.500 | 12/15/24 | 1,657,769 | |||||||||||||
1,695,000 | Dana, Inc | 5.375 | 11/15/27 | 1,372,950 | |||||||||||||
7,550,000 | g | Dealer Tire LLC | 8.000 | 02/01/28 | 6,040,000 | ||||||||||||
37,075,000 | g | Gates Global LLC | 6.250 | 01/15/26 | 32,811,375 | ||||||||||||
2,875,000 | Goodyear Tire & Rubber Co | 5.000 | 05/31/26 | 2,652,188 | |||||||||||||
1,100,000 | g,o | IHO Verwaltungs GmbH | 4.750 | 09/15/26 | 858,000 | ||||||||||||
19,800,000 | g,o | IHO Verwaltungs GmbH | 6.375 | 05/15/29 | 15,147,000 | ||||||||||||
20,650,000 | g | Panther BF Aggregator 2 LP | 8.500 | 05/15/27 | 18,015,060 | ||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 100,971,599 | ||||||||||||||||
BANKS - 0.5% | |||||||||||||||||
4,400,000 | Barclays plc | 7.750 | N/A‡ | 3,858,800 | |||||||||||||
4,750,000 | g | Lloyds Banking Group plc | 6.657 | N/A‡ | 5,118,125 | ||||||||||||
2,250,000 | Royal Bank of Scotland Group plc | 6.100 | 06/10/23 | 2,313,431 | |||||||||||||
4,275,000 | Royal Bank of Scotland Group plc | 8.625 | N/A‡ | 4,168,125 | |||||||||||||
TOTAL BANKS | 15,458,481 | ||||||||||||||||
CAPITAL GOODS - 2.8% | |||||||||||||||||
3,000,000 | Anixter, Inc | 5.125 | 10/01/21 | 3,020,280 | |||||||||||||
2,500,000 | Anixter, Inc | 5.500 | 03/01/23 | 2,489,800 | |||||||||||||
5,000,000 | Anixter, Inc | 6.000 | 12/01/25 | 4,893,750 | |||||||||||||
22,950,000 | g | Beacon Escrow Corp | 4.875 | 11/01/25 | 20,712,375 | ||||||||||||
3,015,000 | g | Beacon Roofing Supply, Inc | 4.500 | 11/15/26 | 2,782,242 | ||||||||||||
3,100,000 | g | Builders FirstSource, Inc | 5.000 | 03/01/30 | 2,790,000 | ||||||||||||
10,015,000 | g | Cloud Crane LLC | 10.125 | 08/01/24 | 7,886,812 | ||||||||||||
2,025,000 | g | Masonite International Corp | 5.375 | 02/01/28 | 1,990,170 | ||||||||||||
7,450,000 | g | SPX FLOW, Inc | 5.625 | 08/15/24 | 7,226,500 | ||||||||||||
4,150,000 | g | SPX FLOW, Inc | 5.875 | 08/15/26 | 3,984,000 | ||||||||||||
12,250,000 | TransDigm UK Holdings plc | 6.875 | 05/15/26 | 11,392,500 | |||||||||||||
2,375,000 | TransDigm, Inc | 6.500 | 05/15/25 | 2,256,250 | |||||||||||||
9,000,000 | TransDigm, Inc | 7.500 | 03/15/27 | 8,673,300 | |||||||||||||
11,280,000 | g | TransDigm, Inc | 5.500 | 11/15/27 | 10,123,800 | ||||||||||||
TOTAL CAPITAL GOODS | 90,221,779 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 7.1% | |||||||||||||||||
6,851,000 | ADT Corp | 6.250 | 10/15/21 | 6,696,852 | |||||||||||||
12,350,000 | g | ADT Corp | 4.875 | 07/15/32 | 10,493,795 | ||||||||||||
2,250,000 | AECOM | 5.875 | 10/15/24 | 2,199,375 | |||||||||||||
13,500,000 | AECOM | 5.125 | 03/15/27 | 12,150,000 | |||||||||||||
11,100,000 | g | Allied Universal Holdco LLC | 6.625 | 07/15/26 | 10,864,192 | ||||||||||||
5,300,000 | g | Allied Universal Holdco LLC | 9.750 | 07/15/27 | 4,994,720 | ||||||||||||
6,785,000 | g | ASGN, Inc | 4.625 | 05/15/28 | 6,360,937 | ||||||||||||
2,525,000 | g | Cimpress Plc | 7.000 | 06/15/26 | 2,222,000 | ||||||||||||
5,700,000 | Covanta Holding Corp | 6.000 | 01/01/27 | 4,747,616 | |||||||||||||
2,025,000 | g | GFL Environmental, Inc | 7.000 | 06/01/26 | 1,960,028 | ||||||||||||
1,960,000 | g | GFL Environmental, Inc | 5.125 | 12/15/26 | 1,911,000 | ||||||||||||
1,050,000 | g | GFL Environmental, Inc | 8.500 | 05/01/27 | 1,054,935 | ||||||||||||
15,500,000 | H&E Equipment Services, Inc | 5.625 | 09/01/25 | 14,376,250 | |||||||||||||
13,425,000 | g | Iron Mountain, Inc | 4.875 | 09/15/27 | 13,022,250 |
284 |
TIAA-CREF FUNDS –High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 7,475,000 | g | KAR Auction Services, Inc | 5.125 | % | 06/01/25 | $ | 7,138,625 | |||||||||
15,700,000 | g | Prime Security Services Borrower LLC | 5.250 | 04/15/24 | 15,508,303 | ||||||||||||
30,075,000 | g | Prime Security Services Borrower LLC | 5.750 | 04/15/26 | 29,473,500 | ||||||||||||
18,100,000 | g | Prime Security Services Borrower LLC | 6.250 | 01/15/28 | 15,611,250 | ||||||||||||
2,000,000 | g | Ritchie Bros Auctioneers, Inc | 5.375 | 01/15/25 | 2,020,000 | ||||||||||||
8,650,000 | RR Donnelley & Sons Co | 6.500 | 11/15/23 | 8,650,000 | |||||||||||||
6,225,000 | g | Stericycle, Inc | 5.375 | 07/15/24 | 6,162,750 | ||||||||||||
11,425,000 | United Rentals North America, Inc | 5.500 | 07/15/25 | 11,196,500 | |||||||||||||
6,675,000 | United Rentals North America, Inc | 4.625 | 10/15/25 | 6,307,808 | |||||||||||||
1,175,000 | United Rentals North America, Inc | 5.875 | 09/15/26 | 1,190,040 | |||||||||||||
12,500,000 | United Rentals North America, Inc | 6.500 | 12/15/26 | 12,687,500 | |||||||||||||
4,500,000 | United Rentals North America, Inc | 5.500 | 05/15/27 | 4,386,825 | |||||||||||||
4,200,000 | United Rentals North America, Inc | 4.875 | 01/15/28 | 4,074,000 | |||||||||||||
13,250,000 | g | Waste Pro USA, Inc | 5.500 | 02/15/26 | 12,293,350 | ||||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 229,754,401 | ||||||||||||||||
CONSUMER DURABLES & APPAREL - 3.0% | |||||||||||||||||
2,125,000 | g | Hanesbrands, Inc | 4.625 | 05/15/24 | 2,103,750 | ||||||||||||
1,000,000 | g | Hanesbrands, Inc | 4.875 | 05/15/26 | 982,500 | ||||||||||||
5,575,000 | KB Home | 7.000 | 12/15/21 | 5,519,250 | |||||||||||||
1,900,000 | KB Home | 7.625 | 05/15/23 | 1,909,500 | |||||||||||||
16,650,000 | KB Home | 6.875 | 06/15/27 | 16,650,000 | |||||||||||||
16,000,000 | Lennar Corp | 4.500 | 04/30/24 | 15,648,640 | |||||||||||||
8,150,000 | Lennar Corp | 5.875 | 11/15/24 | 8,243,725 | |||||||||||||
15,300,000 | g | LGI Homes, Inc | 6.875 | 07/15/26 | 13,311,000 | ||||||||||||
8,000,000 | g | M/I Homes Inc | 4.950 | 02/01/28 | 6,790,000 | ||||||||||||
8,875,000 | g | Mattamy Group Corp | 5.250 | 12/15/27 | 8,253,750 | ||||||||||||
18,050,000 | g | Mattel, Inc | 6.750 | 12/31/25 | 18,411,000 | ||||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 97,823,115 | ||||||||||||||||
CONSUMER SERVICES - 3.8% | |||||||||||||||||
3,425,000 | g | 1011778 BC ULC / New Red Finance Inc | 4.250 | 05/15/24 | 3,416,403 | ||||||||||||
15,000,000 | g | 1011778 BC ULC / New Red Finance Inc | 5.000 | 10/15/25 | 14,324,850 | ||||||||||||
4,000,000 | Boyd Gaming Corp | 6.375 | 04/01/26 | 3,460,000 | |||||||||||||
6,300,000 | Boyd Gaming Corp | 6.000 | 08/15/26 | 5,418,000 | |||||||||||||
11,000,000 | g | Cott Holdings, Inc | 5.500 | 04/01/25 | 10,670,000 | ||||||||||||
13,400,000 | g | frontdoor, Inc | 6.750 | 08/15/26 | 12,830,500 | ||||||||||||
8,500,000 | Hilton Worldwide Finance LLC | 4.625 | 04/01/25 | 7,905,000 | |||||||||||||
8,035,000 | g | International Game Technology plc | 6.250 | 02/15/22 | 7,388,263 | ||||||||||||
10,270,000 | g | International Game Technology plc | 6.500 | 02/15/25 | 9,087,820 | ||||||||||||
4,650,000 | g | International Game Technology plc | 6.250 | 01/15/27 | 4,045,500 | ||||||||||||
2,500,000 | g | Live Nation Entertainment, Inc | 4.875 | 11/01/24 | 2,275,900 | ||||||||||||
11,250,000 | MGM Resorts International | 6.000 | 03/15/23 | 10,856,250 | |||||||||||||
16,000,000 | g | Penn National Gaming, Inc | 5.625 | 01/15/27 | 11,869,920 | ||||||||||||
4,650,000 | g | Scientific Games International, Inc | 5.000 | 10/15/25 | 4,045,500 | ||||||||||||
3,950,000 | g | Scientific Games International, Inc | 7.000 | 05/15/28 | 2,429,250 | ||||||||||||
13,000,000 | g | Wynn Las Vegas LLC | 5.500 | 03/01/25 | 12,090,000 | ||||||||||||
523,000 | g | Yum! Brands, Inc | 7.750 | 04/01/25 | 549,150 | ||||||||||||
TOTAL CONSUMER SERVICES | 122,662,306 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 3.4% | |||||||||||||||||
5,600,000 | g | Credit Suisse Group AG. | 6.250 | N/A‡ | 5,163,200 |
285 |
TIAA-CREF FUNDS –High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 25,400,000 | Ford Motor Credit Co LLC | 4.063 | % | 11/01/24 | $ | 23,050,500 | ||||||||||
4,500,000 | Icahn Enterprises LP | 6.750 | 02/01/24 | 4,342,500 | |||||||||||||
10,000,000 | Icahn Enterprises LP | 4.750 | 09/15/24 | 9,175,000 | |||||||||||||
9,700,000 | Icahn Enterprises LP | 5.250 | 05/15/27 | 8,960,375 | |||||||||||||
10,200,000 | g | Jefferies Finance LLC | 6.250 | 06/03/26 | 9,435,000 | ||||||||||||
4,600,000 | g | LPL Holdings, Inc | 4.625 | 11/15/27 | 4,207,252 | ||||||||||||
8,000,000 | Navient Corp | 6.125 | 03/25/24 | 7,480,480 | |||||||||||||
19,350,000 | g | Quicken Loans, Inc | 5.250 | 01/15/28 | 18,920,430 | ||||||||||||
10,675,000 | Springleaf Finance Corp | 6.125 | 03/15/24 | 10,542,737 | |||||||||||||
10,960,000 | Springleaf Finance Corp | 5.375 | 11/15/29 | 10,034,099 | |||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 111,311,573 | ||||||||||||||||
ENERGY - 10.2% | |||||||||||||||||
9,175,000 | AmeriGas Partners LP | 5.500 | 05/20/25 | 8,441,000 | |||||||||||||
8,375,000 | AmeriGas Partners LP | 5.875 | 08/20/26 | 8,021,575 | |||||||||||||
13,075,000 | g | Antero Midstream Partners LP | 5.750 | 03/01/27 | 8,368,000 | ||||||||||||
9,625,000 | g | Antero Midstream Partners LP | 5.750 | 01/15/28 | 6,160,000 | ||||||||||||
1,293,000 | Archrock Partners LP | 6.000 | 10/01/22 | 1,293,000 | |||||||||||||
12,550,000 | g | Archrock Partners LP | 6.875 | 04/01/27 | 8,911,755 | ||||||||||||
10,800,000 | g | Archrock Partners LP | 6.250 | 04/01/28 | 7,452,000 | ||||||||||||
2,000,000 | Ashland, Inc | 6.875 | 05/15/43 | 2,020,000 | |||||||||||||
2,183,000 | † | California Resources Corp | 5.500 | 09/15/21 | 212,842 | ||||||||||||
5,180,000 | †,g | California Resources Corp | 8.000 | 12/15/22 | 77,700 | ||||||||||||
4,151,000 | † | California Resources Corp | 6.000 | 11/15/24 | 83,020 | ||||||||||||
13,650,000 | Calumet Specialty Products Partners LP | 7.750 | 04/15/23 | 9,418,500 | |||||||||||||
6,000,000 | g | Calumet Specialty Products Partners LP | 11.000 | 04/15/25 | 4,322,100 | ||||||||||||
13,000,000 | Cheniere Energy Partners LP | 5.625 | 10/01/26 | 12,090,000 | |||||||||||||
11,875,000 | g | Cheniere Energy Partners LP | 4.500 | 10/01/29 | 10,568,750 | ||||||||||||
7,963,000 | † | Cloud Peak Energy Resources LLC | 12.000 | 11/01/21 | 0 | ||||||||||||
1,153,196 | Cloud Peak Energy, Inc | 9.000 | 10/24/24 | 576,598 | |||||||||||||
1,820,835 | Cloud Peak Energy, Inc | 12.000 | 05/01/25 | 910,417 | |||||||||||||
7,345,000 | Crestwood Midstream Partners LP | 6.250 | 04/01/23 | 4,114,669 | |||||||||||||
6,050,000 | Crestwood Midstream Partners LP | 5.750 | 04/01/25 | 3,463,988 | |||||||||||||
5,700,000 | g | Crestwood Midstream Partners LP | 5.625 | 05/01/27 | 3,133,347 | ||||||||||||
3,600,000 | g | Denbury Resources, Inc | 9.000 | 05/15/21 | 1,053,000 | ||||||||||||
1,273,000 | † | Denbury Resources, Inc | 5.500 | 05/01/22 | 63,650 | ||||||||||||
525,000 | † | Denbury Resources, Inc | 4.625 | 07/15/23 | 26,250 | ||||||||||||
15,532,000 | g | Denbury Resources, Inc | 7.750 | 02/15/24 | 2,332,906 | ||||||||||||
1,912,000 | †,g | Denbury Resources, Inc | 6.375 | 12/31/24 | 749,795 | ||||||||||||
5,543,000 | EnLink Midstream Partners LP | 4.150 | 06/01/25 | 2,686,692 | |||||||||||||
5,000,000 | EnLink Midstream Partners LP | 4.850 | 07/15/26 | 2,458,500 | |||||||||||||
10,300,000 | g | Ensign Drilling, Inc | 9.250 | 04/15/24 | 3,785,250 | ||||||||||||
14,250,000 | †,g,q | EP Energy LLC | 7.750 | 05/15/26 | 1,710,000 | ||||||||||||
11,900,000 | Genesis Energy LP | 6.500 | 10/01/25 | 8,601,320 | |||||||||||||
17,500,000 | Genesis Energy LP | 6.250 | 05/15/26 | 12,512,500 | |||||||||||||
6,175,000 | Genesis Energy LP | 7.750 | 02/01/28 | 4,299,035 | |||||||||||||
1,075,000 | Global Partners LP | 7.000 | 08/01/27 | 806,250 | |||||||||||||
13,825,000 | g | Hess Midstream Operations LP | 5.625 | 02/15/26 | 9,761,349 | ||||||||||||
8,750,000 | g | Moss Creek Resources Holdings, Inc | 10.500 | 05/15/27 | 2,843,750 | ||||||||||||
6,875,000 | Murphy Oil Corp | 6.875 | 08/15/24 | 4,073,437 | |||||||||||||
4,800,000 | Murphy Oil Corp | 5.750 | 08/15/25 | 2,568,480 | |||||||||||||
15,307,000 | Murphy Oil Corp | 5.875 | 12/01/27 | 8,002,500 | |||||||||||||
1,650,000 | Murphy Oil USA, Inc | 5.625 | 05/01/27 | 1,616,670 | |||||||||||||
3,750,000 | Nabors Industries, Inc | 5.100 | 09/15/23 | 937,500 |
286 |
TIAA-CREF FUNDS –High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 5,875,000 | Nabors Industries, Inc | 5.750 | % | 02/01/25 | $ | 1,292,500 | ||||||||||
3,075,000 | NuStar Logistics LP | 6.000 | 06/01/26 | 2,275,500 | |||||||||||||
10,750,000 | g | Oasis Petroleum, Inc | 6.250 | 05/01/26 | 1,720,000 | ||||||||||||
7,000,000 | g | Parkland Fuel Corp | 6.000 | 04/01/26 | 6,510,000 | ||||||||||||
6,975,000 | g | Parkland Fuel Corp | 5.875 | 07/15/27 | 6,538,365 | ||||||||||||
2,375,000 | Range Resources Corp | 4.875 | 05/15/25 | 1,413,125 | |||||||||||||
15,000,000 | g | Range Resources Corp | 9.250 | 02/01/26 | 9,000,000 | ||||||||||||
8,250,000 | SM Energy Co | 6.125 | 11/15/22 | 3,490,806 | |||||||||||||
1,900,000 | SM Energy Co | 6.750 | 09/15/26 | 570,000 | |||||||||||||
10,500,000 | SM Energy Co | 6.625 | 01/15/27 | 3,056,182 | |||||||||||||
14,250,000 | Southwestern Energy Co | 7.500 | 04/01/26 | 9,333,750 | |||||||||||||
4,750,000 | Southwestern Energy Co | 7.750 | 10/01/27 | 3,123,125 | |||||||||||||
13,130,000 | g | Stena AB | 7.000 | 02/01/24 | 10,635,300 | ||||||||||||
1,650,000 | g | Stena International S.A. | 6.125 | 02/01/25 | 1,386,000 | ||||||||||||
10,200,000 | Suburban Propane Partners LP | 5.750 | 03/01/25 | 9,435,000 | |||||||||||||
8,175,000 | Suburban Propane Partners LP | 5.875 | 03/01/27 | 7,531,219 | |||||||||||||
3,361,000 | Sunoco LP | 4.875 | 01/15/23 | 3,245,617 | |||||||||||||
2,500,000 | Sunoco LP | 5.500 | 02/15/26 | 2,163,200 | |||||||||||||
5,000,000 | Sunoco LP | 6.000 | 04/15/27 | 4,300,000 | |||||||||||||
9,825,000 | Targa Resources Partners LP | 5.125 | 02/01/25 | 8,374,830 | |||||||||||||
11,500,000 | Targa Resources Partners LP | 5.875 | 04/15/26 | 9,573,750 | |||||||||||||
2,025,000 | Targa Resources Partners LP | 6.500 | 07/15/27 | 1,726,313 | |||||||||||||
10,000,000 | Targa Resources Partners LP | 5.000 | 01/15/28 | 8,060,650 | |||||||||||||
10,000,000 | g | TerraForm Power Operating LLC | 5.000 | 01/31/28 | 10,478,000 | ||||||||||||
9,414,625 | g | Transocean Guardian Ltd | 5.875 | 01/15/24 | 7,531,700 | ||||||||||||
5,678,000 | g | Transocean Pontus Ltd | 6.125 | 08/01/25 | 4,599,180 | ||||||||||||
6,220,000 | † | Transocean, Inc | 6.800 | 03/15/38 | 1,430,600 | ||||||||||||
30,000,000 | USA Compression Partners LP | 6.875 | 04/01/26 | 18,750,000 | |||||||||||||
2,650,000 | USA Compression Partners LP | 6.875 | 09/01/27 | 1,643,000 | |||||||||||||
7,000,000 | Whiting Petroleum Corp | 6.250 | 04/01/23 | 525,000 | |||||||||||||
2,125,000 | WPX Energy, Inc | 5.250 | 10/15/27 | 1,168,750 | |||||||||||||
TOTAL ENERGY | 331,409,557 | ||||||||||||||||
FOOD & STAPLES RETAILING - 1.1% | |||||||||||||||||
14,250,000 | Albertsons Cos LLC | 5.750 | 03/15/25 | 14,232,330 | |||||||||||||
1,325,000 | g | Albertsons Cos LLC | 5.875 | 02/15/28 | 1,348,585 | ||||||||||||
5,900,000 | g | Albertsons Cos, Inc | 4.875 | 02/15/30 | 5,841,000 | ||||||||||||
13,984,000 | Ingles Markets, Inc | 5.750 | 06/15/23 | 13,914,080 | |||||||||||||
TOTAL FOOD & STAPLES RETAILING | 35,335,995 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 0.2% | |||||||||||||||||
4,450,000 | Kraft Heinz Foods Co | 3.000 | 06/01/26 | 4,324,297 | |||||||||||||
2,375,000 | g | Post Holdings, Inc | 5.000 | 08/15/26 | 2,444,231 | ||||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 6,768,528 | ||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 6.3% | |||||||||||||||||
15,682,000 | Centene Corp | 4.750 | 01/15/25 | 15,878,025 | |||||||||||||
2,000,000 | g | Centene Corp | 5.375 | 08/15/26 | 2,040,000 | ||||||||||||
7,175,000 | g | Centene Corp | 4.625 | 12/15/29 | 7,210,875 | ||||||||||||
11,000,000 | g | Change Healthcare Holdings LLC | 5.750 | 03/01/25 | 10,175,000 | ||||||||||||
17,900,000 | g | CHS | 6.625 | 02/15/25 | 16,557,500 | ||||||||||||
3,850,000 | g | CHS | 8.000 | 12/15/27 | 3,542,000 |
287 |
TIAA-CREF FUNDS –High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 7,150,000 | CHS/Community Health Systems | 6.250 | % | 03/31/23 | $ | 6,788,031 | ||||||||||
10,000,000 | g | CHS/Community Health Systems | 8.000 | 03/15/26 | 9,500,000 | ||||||||||||
5,000,000 | DaVita, Inc | 5.125 | 07/15/24 | 4,985,000 | |||||||||||||
13,000,000 | DaVita, Inc | 5.000 | 05/01/25 | 12,982,970 | |||||||||||||
2,698,000 | Encompass Health Corp | 5.750 | 11/01/24 | 2,710,681 | |||||||||||||
4,000,000 | Encompass Health Corp | 5.750 | 09/15/25 | 3,840,000 | |||||||||||||
33,350,000 | HCA, Inc | 5.375 | 02/01/25 | 33,933,292 | |||||||||||||
900,000 | HCA, Inc | 7.500 | 11/06/33 | 918,000 | |||||||||||||
6,475,000 | g | MEDNAX, Inc | 6.250 | 01/15/27 | 5,196,188 | ||||||||||||
4,005,000 | MPT Operating Partnership LP | 5.500 | 05/01/24 | 3,894,862 | |||||||||||||
5,000,000 | MPT Operating Partnership LP | 5.000 | 10/15/27 | 4,850,000 | |||||||||||||
5,000,000 | MPT Operating Partnership LP | 4.625 | 08/01/29 | 4,600,000 | |||||||||||||
2,375,000 | g | RegionalCare Hospital Partners Holdings, Inc | 9.750 | 12/01/26 | 2,249,481 | ||||||||||||
11,500,000 | Tenet Healthcare Corp | 8.125 | 04/01/22 | 10,867,500 | |||||||||||||
15,000,000 | Tenet Healthcare Corp | 6.750 | 06/15/23 | 13,837,500 | |||||||||||||
23,125,000 | Tenet Healthcare Corp | 4.625 | 07/15/24 | 22,026,563 | |||||||||||||
5,150,000 | Tenet Healthcare Corp | 7.000 | 08/01/25 | 4,454,750 | |||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 203,038,218 | ||||||||||||||||
MATERIALS - 7.3% | |||||||||||||||||
1,600,000 | g | Alcoa Nederland Holding BV | 6.750 | 09/30/24 | 1,551,520 | ||||||||||||
1,600,000 | g | Alcoa Nederland Holding BV | 7.000 | 09/30/26 | 1,488,000 | ||||||||||||
1,500,000 | g | Alcoa Nederland Holding BV | 6.125 | 05/15/28 | 1,365,000 | ||||||||||||
4,750,000 | Arconic Inc | 5.125 | 10/01/24 | 4,690,625 | |||||||||||||
825,000 | g | Arconic Rolled Products Corp | 6.125 | 02/15/28 | 843,562 | ||||||||||||
1,900,000 | Berry Global, Inc | 5.125 | 07/15/23 | 1,904,180 | |||||||||||||
3,000,000 | g | Berry Global, Inc | 4.875 | 07/15/26 | 3,030,000 | ||||||||||||
1,075,000 | g | Berry Global, Inc | 5.625 | 07/15/27 | 1,110,604 | ||||||||||||
1,800,000 | g | Cemex SAB de C.V. | 7.750 | 04/16/26 | 1,611,018 | ||||||||||||
4,750,000 | Chemours Co | 7.000 | 05/15/25 | 3,954,375 | |||||||||||||
8,750,000 | Chemours Co | 5.375 | 05/15/27 | 6,692,438 | |||||||||||||
7,625,000 | Commercial Metals Co | 5.750 | 04/15/26 | 7,117,137 | |||||||||||||
3,000,000 | Crown Americas LLC | 4.750 | 02/01/26 | 3,074,100 | |||||||||||||
7,660,000 | g | Enviva Partners LP | 6.500 | 01/15/26 | 7,468,500 | ||||||||||||
6,000,000 | g | First Quantum Minerals Ltd | 7.250 | 05/15/22 | 5,340,000 | ||||||||||||
4,750,000 | g | First Quantum Minerals Ltd | 7.250 | 04/01/23 | 4,067,188 | ||||||||||||
6,025,000 | g | First Quantum Minerals Ltd | 7.500 | 04/01/25 | 5,013,945 | ||||||||||||
9,500,000 | g | First Quantum Minerals Ltd | 6.875 | 03/01/26 | 7,623,750 | ||||||||||||
4,250,000 | g | FMG Resources Ltd | 4.750 | 05/15/22 | 4,234,062 | ||||||||||||
2,650,000 | g | FMG Resources Ltd | 5.125 | 03/15/23 | 2,597,000 | ||||||||||||
5,000,000 | Freeport-McMoRan, Inc | 3.875 | 03/15/23 | 4,762,500 | |||||||||||||
9,250,000 | Freeport-McMoRan, Inc | 4.550 | 11/14/24 | 8,735,238 | |||||||||||||
4,000,000 | Freeport-McMoRan, Inc | 5.250 | 09/01/29 | 3,769,200 | |||||||||||||
3,100,000 | Freeport-McMoRan, Inc | 5.400 | 11/14/34 | 2,867,500 | |||||||||||||
14,250,000 | Freeport-McMoRan, Inc | 5.450 | 03/15/43 | 12,753,750 | |||||||||||||
6,650,000 | g | GCP Applied Technologies, Inc | 5.500 | 04/15/26 | 6,184,500 | ||||||||||||
5,175,000 | g | James Hardie International Finance DAC | 4.750 | 01/15/25 | 4,877,489 | ||||||||||||
12,250,000 | g | James Hardie International Finance DAC | 5.000 | 01/15/28 | 11,576,250 | ||||||||||||
35,000,000 | g | Nova Chemicals Corp | 4.875 | 06/01/24 | 30,712,500 | ||||||||||||
3,500,000 | g | NV Chemicals Corp | 5.250 | 08/01/23 | 3,038,630 | ||||||||||||
16,000,000 | g | OCI NV | 6.625 | 04/15/23 | 14,553,543 | ||||||||||||
6,575,000 | g | OCI NV | 5.250 | 11/01/24 | 5,653,307 | ||||||||||||
6,450,000 | Olin Corp | 5.125 | 09/15/27 | 5,763,494 | |||||||||||||
11,250,000 | g | Owens-Brockway Glass Container, Inc | 5.875 | 08/15/23 | 11,025,000 |
288 |
TIAA-CREF FUNDS –High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 550,000 | g | Silgan Holdings, Inc | 4.125 | % | 02/01/28 | $ | 507,375 | |||||||||
4,180,000 | g | Standard Industries, Inc | 5.500 | 02/15/23 | 4,033,700 | ||||||||||||
2,000,000 | g | Standard Industries, Inc | 5.000 | 02/15/27 | 1,820,000 | ||||||||||||
13,500,000 | g | Trinseo Materials Operating S.C.A | 5.375 | 09/01/25 | 11,373,750 | ||||||||||||
11,800,000 | g | Tronox Finance plc | 5.750 | 10/01/25 | 10,531,500 | ||||||||||||
7,000,000 | g | Tronox, Inc | 6.500 | 04/15/26 | 6,300,000 | ||||||||||||
4,940,000 | g | Univar Solutions USA, Inc | 5.125 | 12/01/27 | 4,495,400 | ||||||||||||
TOTAL MATERIALS | 240,111,630 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 10.5% | |||||||||||||||||
9,250,000 | g | Altice Financing S.A. | 5.000 | 01/15/28 | 8,186,250 | ||||||||||||
10,615,000 | g | CBS Radio, Inc | 7.250 | 11/01/24 | 8,863,525 | ||||||||||||
34,637,000 | g | CCO Holdings LLC | 5.875 | 04/01/24 | 35,416,332 | ||||||||||||
5,363,000 | g | CCO Holdings LLC | 5.375 | 05/01/25 | 5,498,148 | ||||||||||||
7,250,000 | g | CCO Holdings LLC | 4.500 | 08/15/30 | 7,105,000 | ||||||||||||
9,500,000 | CSC Holdings LLC | 6.750 | 11/15/21 | 9,785,000 | |||||||||||||
10,850,000 | g | CSC Holdings LLC | 5.500 | 04/15/27 | 11,228,665 | ||||||||||||
29,250,000 | g | CSC Holdings LLC | 7.500 | 04/01/28 | 31,163,535 | ||||||||||||
4,350,000 | g | CSC Holdings LLC | 6.500 | 02/01/29 | 4,691,431 | ||||||||||||
11,725,000 | g | CSC Holdings LLC | 5.750 | 01/15/30 | 11,824,193 | ||||||||||||
11,175,000 | g | Diamond Sports Group LLC | 5.375 | 08/15/26 | 9,079,911 | ||||||||||||
12,500,000 | g | Diamond Sports Group LLC | 6.625 | 08/15/27 | 8,359,375 | ||||||||||||
4,030,000 | DISH DBS Corp | 5.000 | 03/15/23 | 3,869,001 | |||||||||||||
28,500,000 | DISH DBS Corp | 7.750 | 07/01/26 | 29,283,750 | |||||||||||||
2,225,000 | g | Entercom Media Corp | 6.500 | 05/01/27 | 1,930,188 | ||||||||||||
7,525,000 | g | EW Scripps Co | 5.125 | 05/15/25 | 6,622,000 | ||||||||||||
13,175,000 | g | Gray Escrow, Inc | 7.000 | 05/15/27 | 13,109,125 | ||||||||||||
4,990,000 | g | Gray Television, Inc | 5.125 | 10/15/24 | 4,821,588 | ||||||||||||
11,600,000 | g | Gray Television, Inc | 5.875 | 07/15/26 | 11,168,480 | ||||||||||||
3,225,000 | g | Lamar Media Corp | 3.750 | 02/15/28 | 3,023,051 | ||||||||||||
1,250,000 | g | Lamar Media Corp | 4.000 | 02/15/30 | 1,162,500 | ||||||||||||
5,600,000 | g | Lions Gate Capital Holdings LLC | 6.375 | 02/01/24 | 4,928,000 | ||||||||||||
10,325,000 | g | Lions Gate Capital Holdings LLC | 5.875 | 11/01/24 | 8,794,938 | ||||||||||||
14,710,000 | Meredith, Corp | 6.875 | 02/01/26 | 12,650,600 | |||||||||||||
12,223,000 | g | Neptune Finco Corp | 10.875 | 10/15/25 | 13,170,283 | ||||||||||||
11,875,000 | g | Nielsen Finance LLC | 5.000 | 04/15/22 | 10,946,613 | ||||||||||||
19,150,000 | g | Numericable-SFR S.A. | 7.375 | 05/01/26 | 19,341,500 | ||||||||||||
1,350,000 | Outfront Media Capital LLC | 5.625 | 02/15/24 | 1,336,500 | |||||||||||||
1,025,000 | g | Scripps Escrow, Inc | 5.875 | 07/15/27 | 902,000 | ||||||||||||
8,100,000 | g | Sirius XM Radio, Inc | 5.375 | 07/15/26 | 8,198,820 | ||||||||||||
12,425,000 | g | TEGNA, Inc | 4.625 | 03/15/28 | 10,918,469 | ||||||||||||
17,325,000 | g | Terrier Media Buyer, Inc | 8.875 | 12/15/27 | 14,553,000 | ||||||||||||
9,325,000 | g | Virgin Media Secured Finance plc | 5.500 | 05/15/29 | 9,325,000 | ||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 341,256,771 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 2.2% | |||||||||||||||||
3,900,000 | g | Bausch Health Cos, Inc | 5.750 | 08/15/27 | 4,015,440 | ||||||||||||
5,250,000 | g | Bausch Health Cos, Inc | 7.000 | 01/15/28 | 5,444,250 | ||||||||||||
3,210,000 | g | Bausch Health Cos, Inc | 5.000 | 01/30/28 | 3,038,907 | ||||||||||||
4,400,000 | g | Bausch Health Cos, Inc | 5.250 | 01/30/30 | 4,114,000 | ||||||||||||
14,600,000 | g | Horizon Pharma USA, Inc | 5.500 | 08/01/27 | 14,656,940 | ||||||||||||
8,000,000 | g | Par Pharmaceutical, Inc | 7.500 | 04/01/27 | 7,960,000 |
289 |
TIAA-CREF FUNDS –High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 4,750,000 | g | Valeant Pharmaceuticals International, Inc | 9.000 | % | 12/15/25 | $ | 5,007,450 | |||||||||
4,750,000 | g | �� | Valeant Pharmaceuticals International, Inc | 9.250 | 04/01/26 | 4,958,525 | |||||||||||
6,700,000 | g | Valeant Pharmaceuticals International, Inc | 8.500 | 01/31/27 | 7,001,500 | ||||||||||||
814,000 | g | VRX Escrow Corp | 5.875 | 05/15/23 | 805,860 | ||||||||||||
15,100,000 | g | VRX Escrow Corp | 6.125 | 04/15/25 | 14,873,500 | ||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 71,876,372 | ||||||||||||||||
REAL ESTATE - 0.6% | |||||||||||||||||
12,050,000 | iStar, Inc | 4.750 | 10/01/24 | 10,122,000 | |||||||||||||
6,500,000 | g | Ladder Capital Finance Holdings LLLP | 4.250 | 02/01/27 | 5,135,000 | ||||||||||||
1,900,000 | g | VICI Properties LP | 4.250 | 12/01/26 | 1,743,250 | ||||||||||||
2,900,000 | g | VICI Properties LP | 4.125 | 08/15/30 | 2,747,750 | ||||||||||||
TOTAL REAL ESTATE | 19,748,000 | ||||||||||||||||
RETAILING - 4.3% | |||||||||||||||||
987,000 | g | Asbury Automotive Group, Inc | 4.750 | 03/01/30 | 838,950 | ||||||||||||
6,150,000 | g | Camelot Finance S.A. | 4.500 | 11/01/26 | 5,965,500 | ||||||||||||
1,675,000 | CDW LLC | 5.000 | 09/01/25 | 1,725,752 | |||||||||||||
3,000,000 | † | JC Penney Corp, Inc | 6.375 | 10/15/36 | 225,000 | ||||||||||||
6,650,000 | L Brands, Inc | 5.250 | 02/01/28 | 5,079,935 | |||||||||||||
5,400,000 | g | Lithia Motors, Inc | 5.250 | 08/01/25 | 4,698,000 | ||||||||||||
8,830,000 | g | Lithia Motors, Inc | 4.625 | 12/15/27 | 7,947,883 | ||||||||||||
5,670,000 | Penske Automotive Group, Inc | 5.375 | 12/01/24 | 4,670,436 | |||||||||||||
9,145,000 | Penske Automotive Group, Inc | 5.500 | 05/15/26 | 8,330,912 | |||||||||||||
24,800,000 | g | PetSmart, Inc | 7.125 | 03/15/23 | 23,361,600 | ||||||||||||
7,725,000 | g | PetSmart, Inc | 5.875 | 06/01/25 | 7,609,125 | ||||||||||||
21,000,000 | g | PetSmart, Inc | 8.875 | 06/01/25 | 19,005,000 | ||||||||||||
12,735,000 | QVC, Inc | 4.750 | 02/15/27 | 11,273,213 | |||||||||||||
2,650,000 | Sonic Automotive, Inc | 6.125 | 03/15/27 | 2,332,000 | |||||||||||||
15,000,000 | g | Staples, Inc | 7.500 | 04/15/26 | 13,125,090 | ||||||||||||
31,700,000 | g | Staples, Inc | 10.750 | 04/15/27 | 24,323,410 | ||||||||||||
TOTAL RETAILING | 140,511,806 | ||||||||||||||||
SOFTWARE & SERVICES - 2.5% | |||||||||||||||||
6,975,000 | g | Banff Merger Sub, Inc | 9.750 | 09/01/26 | 6,138,000 | ||||||||||||
5,000,000 | NCR Corp | 5.000 | 07/15/22 | 4,700,000 | |||||||||||||
4,750,000 | NCR Corp | 6.375 | 12/15/23 | 4,690,578 | |||||||||||||
12,000,000 | g | Open Text Corp | 5.875 | 06/01/26 | 12,586,800 | ||||||||||||
4,125,000 | g | Open Text Holdings, Inc | 4.125 | 02/15/30 | 3,878,531 | ||||||||||||
1,080,000 | g | Presidio Holdings, Inc | 4.875 | 02/01/27 | 972,000 | ||||||||||||
16,475,000 | g | Refinitiv US Holdings, Inc | 6.250 | 05/15/26 | 17,010,437 | ||||||||||||
10,600,000 | g | Refinitiv US Holdings, Inc | 8.250 | 11/15/26 | 11,183,000 | ||||||||||||
3,900,000 | g | Sabre GLBL, Inc | 5.375 | 04/15/23 | 3,568,500 | ||||||||||||
2,000,000 | g | Sabre GLBL, Inc | 5.250 | 11/15/23 | 1,820,000 | ||||||||||||
1,750,000 | g | Science Applications International Corp | 4.875 | 04/01/28 | 1,680,000 | ||||||||||||
5,300,000 | g | SS&C Technologies, Inc | 5.500 | 09/30/27 | 5,465,625 | ||||||||||||
4,275,000 | g | Symantec Corp | 5.000 | 04/15/25 | 4,316,382 | ||||||||||||
2,000,000 | g | WEX, Inc | 4.750 | 02/01/23 | 1,920,000 | ||||||||||||
TOTAL SOFTWARE & SERVICES | 79,929,853 | ||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 2.0% | |||||||||||||||||
17,925,000 | g | CommScope Finance LLC | 8.250 | 03/01/27 | 17,277,908 | ||||||||||||
9,000,000 | g | CommScope Technologies LLC | 5.000 | 03/15/27 | 7,807,500 |
290 |
TIAA-CREF FUNDS –High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 4,500,000 | g | CommScope, Inc | 5.500 | % | 06/15/24 | $ | 4,155,750 | |||||||||
28,700,000 | g | CommScope, Inc | 6.000 | 06/15/25 | 26,266,240 | ||||||||||||
6,575,000 | g | Dell International LLC | 7.125 | 06/15/24 | 6,788,688 | ||||||||||||
3,650,000 | g | MTS Systems Corp | 5.750 | 08/15/27 | 3,385,375 | ||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 65,681,461 | ||||||||||||||||
TELECOMMUNICATION SERVICES - 5.0% | |||||||||||||||||
8,675,000 | g | Altice France S.A. | 8.125 | 02/01/27 | 9,043,687 | ||||||||||||
6,000,000 | CenturyLink, Inc | 6.450 | 06/15/21 | 6,078,000 | |||||||||||||
17,300,000 | CenturyLink, Inc | 5.800 | 03/15/22 | 17,461,236 | |||||||||||||
16,400,000 | CenturyLink, Inc | 7.500 | 04/01/24 | 17,958,000 | |||||||||||||
16,600,000 | g | Front Range BidCo, Inc | 4.000 | 03/01/27 | 15,884,125 | ||||||||||||
4,750,000 | Level 3 Financing, Inc | 5.375 | 01/15/24 | 4,750,000 | |||||||||||||
9,600,000 | Level 3 Financing, Inc | 5.250 | 03/15/26 | 9,594,000 | |||||||||||||
4,500,000 | Sprint Capital Corp | 8.750 | 03/15/32 | 5,951,250 | |||||||||||||
6,900,000 | Sprint Corp | 7.875 | 09/15/23 | 7,606,422 | |||||||||||||
10,450,000 | Sprint Corp | 7.625 | 02/15/25 | 11,564,493 | |||||||||||||
9,500,000 | Sprint Corp | 7.625 | 03/01/26 | 10,752,100 | |||||||||||||
9,300,000 | g | Telecom Italia S.p.A | 5.303 | 05/30/24 | 9,347,058 | ||||||||||||
11,200,000 | T-Mobile USA, Inc | 6.375 | 03/01/25 | 11,452,000 | |||||||||||||
22,000,000 | T-Mobile USA, Inc | 5.125 | 04/15/25 | 22,494,340 | |||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 159,936,711 | ||||||||||||||||
TRANSPORTATION - 1.1% | |||||||||||||||||
13,425,000 | g | Bombardier, Inc | 6.125 | 01/15/23 | 9,464,625 | ||||||||||||
9,600,000 | g | Bombardier, Inc | 7.500 | 03/15/25 | 6,648,000 | ||||||||||||
12,375,000 | g | Bombardier, Inc | 7.875 | 04/15/27 | 8,538,750 | ||||||||||||
8,175,000 | g | Cargo Aircraft Management, Inc | 4.750 | 02/01/28 | 7,582,312 | ||||||||||||
3,325,000 | g | Hertz Corp | 5.500 | 10/15/24 | 1,869,614 | ||||||||||||
1,800,000 | g | Meccanica Holdings USA, Inc | 7.375 | 07/15/39 | 2,070,000 | ||||||||||||
TOTAL TRANSPORTATION | 36,173,301 | ||||||||||||||||
UTILITIES - 2.1% | |||||||||||||||||
6,800,000 | AES Corp | 4.500 | 03/15/23 | 6,664,000 | |||||||||||||
4,250,000 | AES Corp | 5.500 | 04/15/25 | 4,165,000 | |||||||||||||
17,125,000 | g | Calpine Corp | 5.250 | 06/01/26 | 16,268,750 | ||||||||||||
4,000,000 | Clearway Energy Operating LLC | 5.750 | 10/15/25 | 3,960,000 | |||||||||||||
5,750,000 | g | NextEra Energy Operating Partners LP | 4.250 | 07/15/24 | 5,606,250 | ||||||||||||
5,300,000 | g | NextEra Energy Operating Partners LP | 4.250 | 09/15/24 | 5,167,500 | ||||||||||||
826,000 | NRG Energy, Inc | 6.625 | 01/15/27 | 859,040 | |||||||||||||
10,625,000 | NRG Energy, Inc | 5.750 | 01/15/28 | 10,837,500 | |||||||||||||
18,500,000 | g | Talen Energy Supply LLC | 10.500 | 01/15/26 | 13,320,000 | ||||||||||||
600,000 | g | Vistra Operations Co LLC | 5.625 | 02/15/27 | 618,750 | ||||||||||||
TOTAL UTILITIES | 67,466,790 | ||||||||||||||||
TOTAL CORPORATE BONDS | 2,567,448,247 | ||||||||||||||||
(Cost $2,920,433,759) | |||||||||||||||||
TOTAL BONDS | 2,567,448,247 | ||||||||||||||||
(Cost $2,920,433,759) |
291 |
TIAA-CREF FUNDS –High-Yield Fund
SHARES | COMPANY | VALUE | |||||||||||||||
COMMON STOCKS - 1.4% | |||||||||||||||||
DIVERSIFIED FINANCIALS - 1.3% | |||||||||||||||||
315,450 | iShares iBoxx $ High Yield Corporate Bond ETF | $ | 24,311,731 | ||||||||||||||
183,823 | SPDR Bloomberg Barclays High Yield Bond ETF | 17,415,391 | |||||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 41,727,122 | ||||||||||||||||
ENERGY - 0.1% | |||||||||||||||||
443,017 | Peabody Energy Corp | 1,284,749 | |||||||||||||||
566,082 | * | Tidewater, Inc | 4,007,861 | ||||||||||||||
TOTAL ENERGY | 5,292,610 | ||||||||||||||||
TOTAL COMMON STOCKS | 47,019,732 | ||||||||||||||||
(Cost $64,716,247) | |||||||||||||||||
PRINCIPAL | ISSUER | RATE | MATURITY DATE | ||||||||||||||
SHORT-TERM INVESTMENTS - 10.2% | |||||||||||||||||
GOVERNMENT AGENCY DEBT - 10.2% | |||||||||||||||||
$ | 16,000,000 | Federal Farm Credit Bank (FFCB) | 0.530 | % | 04/02/20 | 15,999,969 | |||||||||||
15,000,000 | FFCB | 0.490 | 04/24/20 | 14,999,329 | |||||||||||||
10,000,000 | FFCB | 0.130 | 10/27/20 | 9,991,872 | |||||||||||||
5,000,000 | FFCB | 0.100 | 11/20/20 | 4,995,470 | |||||||||||||
24,006,000 | Federal Home Loan Bank (FHLB) | 1.560 | 04/01/20 | 24,006,000 | |||||||||||||
29,985,000 | FHLB | 1.555 | 04/08/20 | 29,984,592 | |||||||||||||
59,884,000 | FHLB | 1.565 | 04/13/20 | 59,882,603 | |||||||||||||
2,800,000 | FHLB | 0.400 | 04/20/20 | 2,799,897 | |||||||||||||
10,500,000 | FHLB | 0.520 | 04/22/20 | 10,499,571 | |||||||||||||
38,500,000 | FHLB | 0.560 | 05/06/20 | 38,497,380 | |||||||||||||
10,015,000 | FHLB | 0.530 | 06/12/20 | 10,013,598 | |||||||||||||
11,399,000 | FHLB | 0.090 | 06/29/20 | 11,397,027 | |||||||||||||
10,000,000 | FHLB | 0.120 | 07/09/20 | 9,997,525 | |||||||||||||
10,000,000 | FHLB | 0.030 | 07/27/20 | 9,997,075 | |||||||||||||
1,000,000 | FHLB | 0.150 | 07/29/20 | 999,702 | |||||||||||||
690,000 | FHLB | 0.030 | 09/01/20 | 689,619 | |||||||||||||
3,600,000 | FHLB | 0.060 | 10/01/20 | 3,597,438 | |||||||||||||
16,555,000 | FHLB | 0.070 | 10/13/20 | 16,542,446 | |||||||||||||
10,000,000 | FHLB | 0.100 | 01/19/21 | 9,986,978 | |||||||||||||
10,000,000 | FHLB | 0.170 | 03/08/21 | 9,983,897 | |||||||||||||
35,500,000 | Federal National Mortgage Association (FNMA) | 0.800 | 04/16/20 | 35,498,964 | |||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 330,360,952 | ||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 330,360,952 | ||||||||||||||||
(Cost $330,319,311) | |||||||||||||||||
TOTAL INVESTMENTS - 97.8% | 3,176,417,477 | ||||||||||||||||
(Cost $3,601,188,142) | |||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - 2.2% | 70,934,636 | ||||||||||||||||
NET ASSETS - 100.0% | $ | 3,247,352,113 |
292 |
TIAA-CREF FUNDS –High-Yield Fund
Abbreviation(s): | |||
ETF | Exchange Traded Fund | ||
LIBOR | London Interbank Offered Rate | ||
M | Month | ||
SPDR | Standard & Poor’s Depositary Receipts |
* | Non-income producing | |
† | Security is categorized as Level 3 in the fair value hierarchy. | |
‡ | Perpetual security | |
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/2020, the aggregate value of these securities is $1,571,714,496 or 48.4% of net assets. | |
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 |
293 |
TIAA-CREF FUNDS –Inflation-Linked Bond Fund
TIAA-CREF FUNDS
INFLATION-LINKED BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2020
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
GOVERNMENT BONDS - 98.4% | ||||||||||||||||||
AGENCY SECURITIES - 1.6% | ||||||||||||||||||
$ | 4,112,500 | Crowley Conro LLC | 4.181 | % | 08/15/43 | $ | 5,172,899 | |||||||||||
10,000,000 | Federal Home Loan Mortgage Corp (FHLMC) | 1.500 | 02/12/25 | 10,436,790 | ||||||||||||||
2,001,422 | HNA LLC | 2.369 | 09/18/27 | 2,079,164 | ||||||||||||||
9,515,000 | Montefiore Medical Center | 2.895 | 04/20/32 | 10,695,720 | ||||||||||||||
3,000,000 | Private Export Funding Corp (PEFCO) | 3.250 | 06/15/25 | 3,409,662 | ||||||||||||||
3,947,368 | Reliance Industries Ltd | 2.444 | 01/15/26 | 4,064,878 | ||||||||||||||
3,000,000 | Ukraine Government AID International Bonds | 1.847 | 05/29/20 | 3,007,365 | ||||||||||||||
15,000,000 | Ukraine Government AID International Bonds | 1.471 | 09/29/21 | 15,242,287 | ||||||||||||||
TOTAL AGENCY SECURITIES | 54,108,765 | |||||||||||||||||
MORTGAGE BACKED - 1.2% | ||||||||||||||||||
11,462,360 | Government National Mortgage Association (GNMA) | 3.600 | 09/15/31 | 12,394,604 | ||||||||||||||
5,698,532 | GNMA | 3.700 | 10/15/33 | 6,132,951 | ||||||||||||||
744,129 | GNMA | 2.490 | 06/15/35 | 759,499 | ||||||||||||||
1,639,866 | GNMA | 3.380 | 07/15/35 | 1,736,364 | ||||||||||||||
1,538,651 | GNMA | 3.870 | 10/15/36 | 1,673,880 | ||||||||||||||
5,570,322 | GNMA | 3.940 | 03/15/37 | 6,132,007 | ||||||||||||||
13,935,151 | GNMA | 2.750 | 01/15/45 | 14,483,334 | ||||||||||||||
TOTAL MORTGAGE BACKED | 43,312,639 | |||||||||||||||||
U.S. TREASURY SECURITIES - 95.6% | ||||||||||||||||||
122,377,258 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 07/15/21 | 121,222,669 | |||||||||||||
136,769,276 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 01/15/22 | 134,798,787 | |||||||||||||
171,581,801 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 04/15/22 | 169,147,223 | |||||||||||||
146,532,356 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 07/15/22 | 145,149,614 | |||||||||||||
136,349,322 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 01/15/23 | 134,681,421 | |||||||||||||
127,728,120 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 04/15/23 | 128,703,420 | |||||||||||||
140,210,070 | k | United States Treasury Inflation Indexed Bonds | 0.375 | 07/15/23 | 141,056,577 | |||||||||||||
132,678,509 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 01/15/24 | 134,876,584 | |||||||||||||
105,232,774 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 04/15/24 | 106,772,256 | |||||||||||||
120,287,106 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 07/15/24 | 120,559,848 | |||||||||||||
98,021,625 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 10/15/24 | 99,224,010 | |||||||||||||
155,528,391 | k | United States Treasury Inflation Indexed Bonds | 0.250 | 01/15/25 | 156,940,833 | |||||||||||||
104,482,814 | k | United States Treasury Inflation Indexed Bonds | 2.375 | 01/15/25 | 115,885,319 | |||||||||||||
129,625,456 | k | United States Treasury Inflation Indexed Bonds | 0.375 | 07/15/25 | 132,262,629 | |||||||||||||
145,230,307 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 01/15/26 | 150,066,544 | |||||||||||||
63,798,173 | k | United States Treasury Inflation Indexed Bonds | 2.000 | 01/15/26 | 70,990,431 | |||||||||||||
94,834,930 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 07/15/26 | 95,740,632 | |||||||||||||
110,251,383 | k | United States Treasury Inflation Indexed Bonds | 0.375 | 01/15/27 | 112,924,346 | |||||||||||||
45,096,745 | k | United States Treasury Inflation Indexed Bonds | 2.375 | 01/15/27 | 52,298,391 | |||||||||||||
86,538,712 | k | United States Treasury Inflation Indexed Bonds | 0.375 | 07/15/27 | 89,087,511 | |||||||||||||
147,548,270 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 01/15/28 | 153,851,280 |
294 |
TIAA-CREF FUNDS –Inflation-Linked Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 80,055,806 | k | United States Treasury Inflation Indexed Bonds | 1.750 | % | 01/15/28 | $ | 91,114,127 | ||||||||||
52,370,652 | k | United States Treasury Inflation Indexed Bonds | 3.625 | 04/15/28 | 67,445,027 | |||||||||||||
67,686,695 | k | United States Treasury Inflation Indexed Bonds | 0.750 | 07/15/28 | 72,470,294 | |||||||||||||
124,013,742 | k | United States Treasury Inflation Indexed Bonds | 0.875 | 01/15/29 | 134,866,601 | |||||||||||||
41,189,656 | k | United States Treasury Inflation Indexed Bonds | 2.500 | 01/15/29 | 50,580,735 | |||||||||||||
116,991,584 | k | United States Treasury Inflation Indexed Bonds | 3.875 | 04/15/29 | 157,841,025 | |||||||||||||
76,637,640 | k | United States Treasury Inflation Indexed Bonds | 0.250 | 07/15/29 | 79,652,934 | |||||||||||||
5,012,750 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 01/15/30 | 5,170,823 | |||||||||||||
35,602,910 | k | United States Treasury Inflation Indexed Bonds | 3.375 | 04/15/32 | 50,346,133 | |||||||||||||
TOTAL U.S. TREASURY SECURITIES | 3,275,728,024 | |||||||||||||||||
TOTAL GOVERNMENT BONDS | 3,373,149,428 | |||||||||||||||||
(Cost $3,275,713,430) | ||||||||||||||||||
SHORT-TERM INVESTMENTS - 1.9% | ||||||||||||||||||
GOVERNMENT AGENCY DEBT - 1.9% | ||||||||||||||||||
5,000,000 | Federal Farm Credit Bank (FFCB) | 0.130 | 07/13/20 | 4,998,712 | ||||||||||||||
11,070,000 | Federal Home Loan Bank (FHLB) | 0.050-0.200 | 07/20/20 | 11,066,956 | ||||||||||||||
46,541,000 | FHLB | 0.150-0.190 | 07/31/20 | 46,526,921 | ||||||||||||||
2,500,000 | FHLB | 0.060 | 10/01/20 | 2,498,221 | ||||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 65,090,810 | |||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 65,090,810 | |||||||||||||||||
(Cost $65,077,330) | ||||||||||||||||||
TOTAL INVESTMENTS - 100.3% | 3,438,240,238 | |||||||||||||||||
(Cost $3,340,790,760) | ||||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (0.3)% | (10,765,399 | ) | ||||||||||||||||
NET ASSETS - 100.0% | $ | 3,427,474,839 |
k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. |
295 |
TIAA-CREF FUNDS –Short Duration Impact Bond Fund
TIAA-CREF FUNDS
SHORT DURATION IMPACT BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2020
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
BANK LOAN OBLIGATIONS - 1.5% | |||||||||||||||||
UTILITIES - 1.5% | |||||||||||||||||
$ | 477,543 | i | ExGen Renewables IV LLC | LIBOR 3 M + 3.000% | 4.620 | % | 11/28/24 | $ | 427,401 | ||||||||
TOTAL UTILITIES | 427,401 | ||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 427,401 | ||||||||||||||||
(Cost $473,689) | |||||||||||||||||
BONDS - 95.0% | |||||||||||||||||
CORPORATE BONDS - 45.9% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.9% | |||||||||||||||||
250,000 | g | Harley-Davidson Financial Services, Inc | 4.050 | 02/04/22 | 244,389 | ||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 244,389 | ||||||||||||||||
BANKS - 17.0% | |||||||||||||||||
725,000 | Bank of America Corp | 2.456 | 10/22/25 | 731,134 | |||||||||||||
500,000 | i | Cooperatieve Rabobank UA | LIBOR 3 M + 0.480% | 2.314 | 01/10/23 | 473,601 | |||||||||||
275,000 | FNB Corp | 2.200 | 02/24/23 | 269,734 | |||||||||||||
400,000 | g | HSBC Bank Canada | 1.650 | 09/10/22 | 404,917 | ||||||||||||
500,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 496,312 | |||||||||||||
250,000 | g | Intesa Sanpaolo S.p.A | 6.500 | 02/24/21 | 253,357 | ||||||||||||
500,000 | g | Intesa Sanpaolo S.p.A | 3.250 | 09/23/24 | 466,193 | ||||||||||||
500,000 | i | M&T Bank Corp | LIBOR 3 M + 0.680% | 2.474 | 07/26/23 | 457,649 | |||||||||||
425,000 | i | Mizuho Financial Group, Inc | LIBOR 3 M + 0.630% | 2.309 | 05/25/24 | 386,070 | |||||||||||
300,000 | g | National Bank of Canada | 2.150 | 10/07/22 | 297,239 | ||||||||||||
350,000 | i | Regions Bank | LIBOR 3 M + 0.500% | 2.207 | 08/13/21 | 340,603 | |||||||||||
300,000 | Zions Bancorp NA | 3.350 | 03/04/22 | 294,146 | |||||||||||||
TOTAL BANKS | 4,870,955 | ||||||||||||||||
CAPITAL GOODS - 1.7% | |||||||||||||||||
500,000 | CNH Industrial Capital LLC | 4.200 | 01/15/24 | 488,495 | |||||||||||||
TOTAL CAPITAL GOODS | 488,495 | ||||||||||||||||
CONSUMER SERVICES - 0.9% | |||||||||||||||||
260,000 | Nature Conservancy | 2.843 | 02/01/24 | 260,279 | |||||||||||||
TOTAL CONSUMER SERVICES | 260,279 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 4.9% | |||||||||||||||||
185,000 | Ally Financial, Inc | 3.875 | 05/21/24 | 166,500 | |||||||||||||
250,000 | Century Housing Corp | 3.995 | 11/01/21 | 261,768 | |||||||||||||
210,000 | g | Federation des Caisses Desjardins du Quebec | 1.950 | 09/26/22 | 210,309 | ||||||||||||
250,000 | Morgan Stanley | 2.800 | 06/16/20 | 249,965 | |||||||||||||
250,000 | Reinvestment Fund, Inc | 3.477 | 02/15/23 | 263,096 | |||||||||||||
250,000 | g | WLB Asset II Pte Ltd | 4.000 | 01/14/24 | 254,037 | ||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 1,405,675 |
296 |
TIAA-CREF FUNDS –Short Duration Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
ENERGY - 0.4% | |||||||||||||||||
$ | 150,000 | EQT Corp | 6.125 | % | 02/01/25 | $ | 115,515 | ||||||||||
TOTAL ENERGY | 115,515 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 1.4% | |||||||||||||||||
400,000 | Coca-Cola Co | 1.750 | 09/06/24 | 407,210 | |||||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 407,210 | ||||||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS - 0.9% | |||||||||||||||||
150,000 | Estee Lauder Cos, Inc | 2.000 | 12/01/24 | 149,424 | |||||||||||||
100,000 | Procter & Gamble Co | 2.450 | 03/25/25 | 104,832 | |||||||||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 254,256 | ||||||||||||||||
MATERIALS - 1.8% | |||||||||||||||||
500,000 | 3M Co | 2.000 | 02/14/25 | 514,577 | |||||||||||||
TOTAL MATERIALS | 514,577 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 4.1% | |||||||||||||||||
500,000 | g,i | AbbVie, Inc | LIBOR 3 M + 0.650% | 2.346 | 11/21/22 | 467,765 | |||||||||||
250,000 | Biogen, Inc | 2.900 | 09/15/20 | 250,726 | |||||||||||||
500,000 | i | Zoetis, Inc | LIBOR 3 M + 0.440% | 2.135 | 08/20/21 | 458,802 | |||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 1,177,293 | ||||||||||||||||
REAL ESTATE - 2.1% | |||||||||||||||||
500,000 | Alexandria Real Estate Equities, Inc | 4.000 | 01/15/24 | 510,833 | |||||||||||||
100,000 | g | HAT Holdings I LLC | 5.250 | 07/15/24 | 96,000 | ||||||||||||
TOTAL REAL ESTATE | 606,833 | ||||||||||||||||
SOFTWARE & SERVICES - 1.8% | |||||||||||||||||
500,000 | Microsoft Corp | 2.400 | 02/06/22 | 513,823 | |||||||||||||
TOTAL SOFTWARE & SERVICES | 513,823 | ||||||||||||||||
TRANSPORTATION - 3.3% | |||||||||||||||||
500,000 | Delta Air Lines, Inc | 2.900 | 10/28/24 | 400,194 | |||||||||||||
300,000 | Delta Air Lines, Inc | 2.000 | 06/10/28 | 272,933 | |||||||||||||
300,000 | Delta Air Lines, Inc | 2.500 | 06/10/28 | 271,930 | |||||||||||||
TOTAL TRANSPORTATION | 945,057 | ||||||||||||||||
UTILITIES - 4.7% | |||||||||||||||||
250,000 | g | Azure Power Energy Ltd | 5.500 | 11/03/22 | 228,224 | ||||||||||||
300,000 | Dominion Energy, Inc | 3.300 | 03/15/25 | 304,140 | |||||||||||||
250,000 | g | Hanwha Energy USA Holdings Corp | 2.375 | 07/30/22 | 248,659 | ||||||||||||
300,000 | g | Korea Hydro & Nuclear Power Co Ltd | 3.750 | 07/25/23 | 319,491 | ||||||||||||
250,000 | Southern Power Co | 2.500 | 12/15/21 | 246,246 | |||||||||||||
TOTAL UTILITIES | 1,346,760 | ||||||||||||||||
TOTAL CORPORATE BONDS | 13,151,117 | ||||||||||||||||
(Cost $13,498,926) | |||||||||||||||||
297 |
TIAA-CREF FUNDS –Short Duration Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
GOVERNMENT BONDS - 35.4% | |||||||||||||||||
AGENCY SECURITIES - 6.3% | |||||||||||||||||
$ | 250,000 | Federal Home Loan Mortgage Corp (FHLMC) | 1.500 | % | 02/12/25 | $ | 260,920 | ||||||||||
500,000 | NCUA Guaranteed Notes | 3.450 | 06/12/21 | 506,614 | |||||||||||||
250,000 | Overseas Private Investment Corp (OPIC) | 1.790 | 10/15/29 | 261,075 | |||||||||||||
250,000 | US Department of Housing and Urban Development (HUD) | 2.570 | 08/01/21 | 256,956 | |||||||||||||
250,000 | HUD | 2.618 | 08/01/23 | 268,210 | |||||||||||||
262,365 | i | Washington Aircraft 2 Co Ltd | LIBOR 3 M + 0.430% | 1.662 | 06/26/24 | 258,439 | |||||||||||
TOTAL AGENCY SECURITIES | 1,812,214 | ||||||||||||||||
FOREIGN GOVERNMENT BONDS - 10.8% | |||||||||||||||||
500,000 | g | European Stability Mechanism | 1.375 | 09/11/24 | 514,289 | ||||||||||||
500,000 | g | International Development Association | 2.750 | 04/24/23 | 534,809 | ||||||||||||
250,000 | i | Korea Development Bank International Bond | LIBOR 3 M + 0.725% | 2.625 | 07/06/22 | 248,530 | |||||||||||
250,000 | Kreditanstalt fuer Wiederaufbau | 2.000 | 11/30/21 | 256,193 | |||||||||||||
250,000 | g | Nederlandse Waterschapsbank NV | 3.125 | 12/05/22 | 266,293 | ||||||||||||
250,000 | g | Nederlandse Waterschapsbank NV | 1.750 | 01/15/25 | 261,825 | ||||||||||||
250,000 | North American Development Bank | 2.400 | 10/26/22 | 253,745 | |||||||||||||
500,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.750 | 03/01/23 | 497,980 | ||||||||||||
250,000 | Province of Ontario Canada | 1.750 | 01/24/23 | 256,253 | |||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 3,089,917 | ||||||||||||||||
MUNICIPAL BONDS - 8.0% | |||||||||||||||||
250,000 | California Health Facilities Financing Authority | 1.896 | 06/01/21 | 249,880 | |||||||||||||
130,000 | g | California Municipal Finance Authority | 4.250 | 11/01/23 | 128,261 | ||||||||||||
150,000 | i | Connecticut Housing Finance Authority | SOFR + 0.650% | 0.660 | 05/15/49 | 148,293 | |||||||||||
95,000 | County of Saline AR | 3.550 | 06/01/42 | 98,754 | |||||||||||||
600,000 | Grant County Public Utility District No 2 | 1.544 | 01/01/23 | 604,266 | |||||||||||||
120,000 | Grant County Public Utility District No 2 Priest Rapids Hydroelectric Project | 1.794 | 01/01/22 | 121,237 | |||||||||||||
225,000 | Massachusetts Water Resources Authority | 1.702 | 08/01/21 | 226,165 | |||||||||||||
240,000 | Semitropic Improvement District | 2.164 | 12/01/22 | 238,078 | |||||||||||||
250,000 | g | Warm Springs Reservation Confederated Tribe | 2.550 | 11/01/20 | 251,185 | ||||||||||||
200,000 | g | Warm Springs Reservation Confederated Tribe | 3.050 | 11/01/24 | 205,268 | ||||||||||||
TOTAL MUNICIPAL BONDS | 2,271,387 | ||||||||||||||||
U.S. TREASURY SECURITIES - 10.3% | |||||||||||||||||
250,000 | United States Treasury Note | 2.500 | 05/31/20 | 250,987 | |||||||||||||
500,000 | United States Treasury Note | 2.500 | 01/31/21 | 510,000 | |||||||||||||
250,000 | United States Treasury Note | 1.750 | 07/31/21 | 255,195 | |||||||||||||
285,000 | United States Treasury Note | 1.625 | 12/31/21 | 291,958 | |||||||||||||
1,500,000 | United States Treasury Note | 2.625 | 12/31/23 | 1,629,258 | |||||||||||||
TOTAL U.S. TREASURY SECURITIES | 2,937,398 | ||||||||||||||||
TOTAL GOVERNMENT BONDS | 10,110,916 | ||||||||||||||||
(Cost $9,811,784) | |||||||||||||||||
298 |
TIAA-CREF FUNDS –Short Duration Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
STRUCTURED ASSETS - 13.7% | |||||||||||||||||
ASSET BACKED - 7.8% | |||||||||||||||||
$ | 276,631 | g | HERO Funding Trust | 4.050 | % | 09/20/41 | $ | 287,076 | |||||||||
Series - 2016 1A (Class A) | |||||||||||||||||
430,225 | g | HERO Funding Trust | 3.910 | 09/20/42 | 447,110 | ||||||||||||
Series - 2016 3A (Class A2) | |||||||||||||||||
250,000 | g | HERO Funding Trust | 2.720 | 09/20/57 | 230,695 | ||||||||||||
Series - 2020 1A (Class A) | |||||||||||||||||
147,000 | g,i | Invitation Homes Trust | 2.450 | 01/17/38 | 121,057 | ||||||||||||
Series - 2018 SFR4 (Class D) | |||||||||||||||||
496,891 | g | Sunrun Atlas Issuer LLC | 3.610 | 02/01/55 | 376,079 | ||||||||||||
Series - 2019 2 (Class A) | |||||||||||||||||
463,693 | g | Sunrun Callisto Issuer LLC | 3.980 | 06/30/54 | 352,043 | ||||||||||||
Series - 2019 1A (Class A) | |||||||||||||||||
158,592 | g | Tesla Auto Lease Trust | 3.710 | 08/20/21 | 159,307 | ||||||||||||
Series - 2018 B (Class A) | |||||||||||||||||
250,000 | g | Tesla Auto Lease Trust | 2.200 | 11/21/22 | 244,566 | ||||||||||||
Series - 2019 A (Class A4) | |||||||||||||||||
TOTAL ASSET BACKED | 2,217,933 | ||||||||||||||||
OTHER MORTGAGE BACKED - 5.9% | |||||||||||||||||
72,619 | i | Connecticut Avenue Securities | 3.947 | 07/25/24 | 66,447 | ||||||||||||
Series - 2014 C03 (Class 1M2) | |||||||||||||||||
121,657 | g,i | Connecticut Avenue Securities | 1.717 | 10/25/39 | 118,648 | ||||||||||||
Series - 2019 R07 (Class 1M1) | |||||||||||||||||
250,000 | g,i | DBUBS Mortgage Trust | 5.530 | 07/10/44 | 239,367 | ||||||||||||
Series - 2011 LC2A (Class D) | |||||||||||||||||
275,000 | g | GRACE Mortgage Trust | 3.369 | 06/10/28 | 276,396 | ||||||||||||
Series - 2014 GRCE (Class A) | |||||||||||||||||
200,000 | GS Mortgage Securities Trust | 2.922 | 05/10/49 | 205,685 | |||||||||||||
Series - 2016 GS2 (Class AAB) | |||||||||||||||||
250,000 | g,i | Morgan Stanley Capital I Trust | 5.375 | 09/15/47 | 214,412 | ||||||||||||
Series - 2011 C1 (Class D) | |||||||||||||||||
250,000 | g,i | Natixis Commercial Mortgage Securities Trust | 4.955 | 07/15/36 | 206,338 | ||||||||||||
Series - 2019 MILE (Class F) | |||||||||||||||||
94,627 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/50 | 95,227 | ||||||||||||
Series - 2020 1 (Class A4) | |||||||||||||||||
250,000 | g,i | WFRBS Commercial Mortgage Trust | 5.174 | 02/15/44 | 253,811 | ||||||||||||
Series - 2011 C2 (Class B) | |||||||||||||||||
TOTAL OTHER MORTGAGE BACKED | 1,676,331 | ||||||||||||||||
TOTAL STRUCTURED ASSETS | 3,894,264 | ||||||||||||||||
(Cost $4,269,189) | |||||||||||||||||
TOTAL BONDS | 27,156,297 | ||||||||||||||||
(Cost $27,579,899) | |||||||||||||||||
SHORT-TERM INVESTMENTS - 2.8% | |||||||||||||||||
GOVERNMENT AGENCY DEBT - 2.8% | |||||||||||||||||
800,000 | Federal Home Loan Bank (FHLB) | 0.560 | 04/15/20 | 799,997 | |||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 799,997 | ||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 799,997 | ||||||||||||||||
(Cost $799,997) |
299 |
TIAA-CREF FUNDS –Short Duration Impact Bond Fund
ISSUER | VALUE | ||||||||||||||||
TOTAL INVESTMENTS - 99.3% | $ | 28,383,695 | |||||||||||||||
(Cost $28,853,585) | |||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - 0.7% | 194,296 | ||||||||||||||||
NET ASSETS - 100.0% | $ | 28,577,991 | |||||||||||||||
Abbreviation(s): | |||||||||||||||||
LIBOR | London Interbank Offered Rate | ||||||||||||||||
M | Month | ||||||||||||||||
SOFR | Secure Overnight Financing Rate | ||||||||||||||||
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/2020, the aggregate value of these securities is $9,772,622 or 34.2% of net assets. | ||||||||||||||||
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. |
300 |
TIAA-CREF FUNDS –Short-Term Bond Fund
TIAA-CREF FUNDS
SHORT-TERM BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2020
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
BANK LOAN OBLIGATIONS - 1.2% | |||||||||||||||||
CAPITAL GOODS - 0.0% | |||||||||||||||||
$ | 696,500 | i | American Builders & Contractors Supply Co, Inc | LIBOR 1 M + 2.000% | 2.989 | % | 01/15/27 | $ | 654,710 | ||||||||
TOTAL CAPITAL GOODS | 654,710 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.0% | |||||||||||||||||
360,594 | i | Prime Security Services | LIBOR 1 M + 3.250% | 4.606 | 09/23/26 | 322,011 | |||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 322,011 | ||||||||||||||||
CONSUMER SERVICES - 0.2% | |||||||||||||||||
1,943,891 | i | Hilton Worldwide Finance LLC | LIBOR 1 M + 1.750% | 2.697 | 06/22/26 | 1,836,977 | |||||||||||
1,970,000 | i | Wyndham Hotels & Resorts, Inc | LIBOR 1 M + 1.750% | 2.739 | 05/30/25 | 1,721,288 | |||||||||||
1,045,938 | i | YUM! Brands | LIBOR 1 M + 1.750% | 2.362 | 04/03/25 | 985,797 | |||||||||||
TOTAL CONSUMER SERVICES | 4,544,062 | ||||||||||||||||
INSURANCE - 0.1% | |||||||||||||||||
980,075 | i | HCA, Inc | LIBOR 1 M + 1.750% | 2.739 | 03/13/25 | 925,358 | |||||||||||
612,086 | i | HCA, Inc | LIBOR 1 M + 1.750% | 2.739 | 03/17/26 | 576,585 | |||||||||||
TOTAL INSURANCE | 1,501,943 | ||||||||||||||||
MATERIALS - 0.0% | |||||||||||||||||
181,447 | i | WR Grace & Co-Conn | LIBOR 3 M + 1.750% | 3.200 | 04/03/25 | 154,287 | |||||||||||
311,053 | i | WR Grace & Co-Conn | LIBOR 3 M + 1.750% | 3.200 | 04/03/25 | 264,491 | |||||||||||
TOTAL MATERIALS | 418,778 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 0.2% | |||||||||||||||||
1,397,898 | i | CSC Holdings LLC | LIBOR 1 M + 2.250% | 2.862 | 07/17/25 | 1,330,338 | |||||||||||
321,018 | i | Nielsen Finance LLC | LIBOR 1 M + 2.000% | 3.005 | 10/04/23 | 294,935 | |||||||||||
1,290,299 | i | Outfront Media Capital LLC | LIBOR 1 M + 1.750% | 2.547 | 11/18/26 | 1,101,050 | |||||||||||
269,993 | i | Univision Communications, Inc | LIBOR 1 M + 2.750% | 3.750 | 03/15/24 | 227,469 | |||||||||||
TOTAL MEDIA & ENTERTAINMENT | 2,953,792 | ||||||||||||||||
SOFTWARE & SERVICES - 0.2% | |||||||||||||||||
947,378 | i | IQVIA, Inc | LIBOR 1 M + 1.750% | 2.739 | 03/07/24 | 868,035 | |||||||||||
1,031,625 | i | IQVIA, Inc | LIBOR 3 M + 1.750% | 3.200 | 06/11/25 | 980,043 | |||||||||||
1,896,399 | i | Open Text Corp | LIBOR 1 M + 1.750% | 2.739 | 05/30/25 | 1,782,141 | |||||||||||
TOTAL SOFTWARE & SERVICES | 3,630,219 | ||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1% | |||||||||||||||||
704,786 | i | Dell International LLC | LIBOR 1 M + 2.000% | 2.990 | 09/19/25 | 669,991 | |||||||||||
691,438 | i | Western Digital Corp | LIBOR 1 M + 1.750% | 3.353 | 04/29/23 | 663,780 | |||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 1,333,771 | ||||||||||||||||
TRANSPORTATION - 0.2% | |||||||||||||||||
1,919,192 | i | American Airlines, Inc | LIBOR 1 M + 1.750% | 2.691 | 01/29/27 | 1,554,545 | |||||||||||
1,841,204 | i | Avis Budget Car Rental LLC | LIBOR 1 M + 1.750% | 2.740 | 08/06/27 | 1,476,038 | |||||||||||
TOTAL TRANSPORTATION | 3,030,583 |
301 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
UTILITIES - 0.2% | |||||||||||||||||
$ | 3,503,159 | i | Charter Communications Operating LLC | LIBOR 1 M + 1.750% | 2.740 | % | 04/30/25 | $ | 3,352,803 | ||||||||
571,768 | i | Vistra Operations Co LLC | LIBOR 1 M + 1.750% | 2.739 | 12/31/25 | 541,036 | |||||||||||
TOTAL UTILITIES | 3,893,839 | ||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 22,283,708 | ||||||||||||||||
(Cost $24,489,624) | |||||||||||||||||
BONDS - 98.1% | |||||||||||||||||
CORPORATE BONDS - 33.2% | |||||||||||||||||
BANKS - 14.5% | |||||||||||||||||
2,000,000 | g | Banco Bradesco S.A. | 2.850 | 01/27/23 | 1,889,020 | ||||||||||||
2,100,000 | g | Banco de Credito del Peru | 2.700 | 01/11/25 | 1,921,500 | ||||||||||||
3,575,000 | g | Banco del Estado de Chile | 2.668 | 01/08/21 | 3,548,187 | ||||||||||||
2,375,000 | g | Banco del Estado de Chile | 2.704 | 01/09/25 | 2,210,555 | ||||||||||||
2,500,000 | g | Banco do Brasil SA/Cayman | 4.750 | 03/20/24 | 2,430,025 | ||||||||||||
2,000,000 | g | Banco Internacional del Peru SAA Interbank | 3.375 | 01/18/23 | 1,890,000 | ||||||||||||
750,000 | g | Banco Santander Mexico S.A. | 4.125 | 11/09/22 | 727,125 | ||||||||||||
5,125,000 | Bancolombia S.A. | 3.000 | 01/29/25 | 4,592,051 | |||||||||||||
3,500,000 | Bank of America Corp | 2.250 | 04/21/20 | 3,499,440 | |||||||||||||
5,000,000 | Bank of America Corp | 2.369 | 07/21/21 | 4,996,446 | |||||||||||||
10,000,000 | Bank of America Corp | 2.328 | 10/01/21 | 9,984,640 | |||||||||||||
8,700,000 | Bank of America Corp | 3.499 | 05/17/22 | 8,802,234 | |||||||||||||
9,000,000 | g | Bank of Montreal | 2.500 | 01/11/22 | 9,280,663 | ||||||||||||
6,200,000 | g | Bank of Montreal | 2.100 | 06/15/22 | 6,404,866 | ||||||||||||
4,000,000 | g | BNG Bank NV | 3.125 | 11/08/21 | 4,166,149 | ||||||||||||
6,160,000 | g | Canadian Imperial Bank of Commerce | 3.150 | 06/27/21 | 6,277,156 | ||||||||||||
5,000,000 | CitiBank NA | 2.100 | 06/12/20 | 4,990,480 | |||||||||||||
5,000,000 | CitiBank NA | 2.125 | 10/20/20 | 5,001,160 | |||||||||||||
5,000,000 | CitiBank NA | 3.165 | 02/19/22 | 5,029,224 | |||||||||||||
5,000,000 | CitiBank NA | 2.844 | 05/20/22 | 5,008,023 | |||||||||||||
4,000,000 | Citigroup, Inc | 2.650 | 10/26/20 | 4,013,243 | |||||||||||||
1,720,000 | Citigroup, Inc | 4.500 | 01/14/22 | 1,789,067 | |||||||||||||
1,300,000 | Citigroup, Inc | 2.312 | 11/04/22 | 1,292,327 | |||||||||||||
3,000,000 | Citigroup, Inc | 3.142 | 01/24/23 | 3,037,431 | |||||||||||||
3,000,000 | Citizens Bank NA | 2.250 | 10/30/20 | 3,006,770 | |||||||||||||
10,000,000 | g | Dexia Credit Local S.A. | 2.875 | 01/29/22 | 10,390,186 | ||||||||||||
4,000,000 | g | Dexia Credit Local S.A. | 2.375 | 09/20/22 | 4,149,880 | ||||||||||||
1,555,000 | Discover Bank | 3.200 | 08/09/21 | 1,547,648 | |||||||||||||
650,000 | Discover Bank | 3.350 | 02/06/23 | 652,698 | |||||||||||||
5,000,000 | g | DNB Boligkreditt AS. | 3.250 | 06/28/23 | 5,338,954 | ||||||||||||
1,900,000 | Fifth Third Bancorp | 2.875 | 07/27/20 | 1,890,296 | |||||||||||||
16,000,000 | g | HSBC Bank Canada | 1.650 | 09/10/22 | 16,196,691 | ||||||||||||
6,000,000 | HSBC Holdings plc | 2.650 | 01/05/22 | 5,990,496 | |||||||||||||
1,975,000 | HSBC USA, Inc | 2.750 | 08/07/20 | 1,965,672 | |||||||||||||
1,485,000 | Huntington National Bank | 3.125 | 04/01/22 | 1,504,660 | |||||||||||||
5,000,000 | g | Itau Unibanco Holding S.A. | 3.250 | 01/24/25 | 4,663,500 | ||||||||||||
1,445,000 | JPMorgan Chase & Co | 3.200 | 01/25/23 | 1,486,578 | |||||||||||||
3,700,000 | JPMorgan Chase & Co | 3.207 | 04/01/23 | 3,770,740 | |||||||||||||
5,000,000 | JPMorgan Chase & Co | 2.776 | 04/25/23 | 5,063,269 |
302 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 26,500,000 | JPMorgan Chase Bank NA | 3.086 | % | 04/26/21 | $ | 26,488,953 | ||||||||||
6,320,000 | KeyBank NA | 3.300 | 02/01/22 | 6,459,996 | |||||||||||||
3,000,000 | Mitsubishi UFJ Financial Group, Inc | 2.623 | 07/18/22 | 2,995,441 | |||||||||||||
2,000,000 | g | NBK SPC Ltd | 2.750 | 05/30/22 | 1,970,368 | ||||||||||||
6,050,000 | PNC Bank NA | 2.450 | 11/05/20 | 6,061,288 | |||||||||||||
1,945,000 | PNC Bank NA | 2.500 | 01/22/21 | 1,947,785 | |||||||||||||
10,000,000 | g | Royal Bank of Canada | 3.350 | 10/22/21 | 10,346,707 | ||||||||||||
2,500,000 | Santander UK plc | 2.125 | 11/03/20 | 2,485,658 | |||||||||||||
3,000,000 | g | State Bank of India | 4.000 | 01/24/22 | 2,998,561 | ||||||||||||
1,000,000 | Synchrony Bank | 3.000 | 06/15/22 | 992,297 | |||||||||||||
3,000,000 | Toronto-Dominion Bank | 1.850 | 09/11/20 | 2,996,155 | |||||||||||||
3,000,000 | Truist Financial Corp | 2.150 | 02/01/21 | 2,996,467 | |||||||||||||
1,720,000 | Truist Financial Corp | 2.900 | 03/03/21 | 1,723,897 | |||||||||||||
1,680,000 | Truist Financial Corp | 3.750 | 12/06/23 | 1,782,058 | |||||||||||||
1,355,000 | g | Turkiye Is Bankasi | 5.000 | 04/30/20 | 1,348,613 | ||||||||||||
2,100,000 | g,i | United Overseas Bank Ltd | LIBOR 3 M + 0.480% | 2.286 | 04/23/21 | 2,030,149 | |||||||||||
12,670,000 | Wells Fargo Bank NA | 3.325 | 07/23/21 | 12,690,724 | |||||||||||||
3,000,000 | Westpac Banking Corp | 2.800 | 01/11/22 | 3,028,201 | |||||||||||||
1,115,000 | Zions Bancorp NA | 3.350 | 03/04/22 | 1,093,243 | |||||||||||||
TOTAL BANKS | 262,835,611 | ||||||||||||||||
CAPITAL GOODS - 1.3% | |||||||||||||||||
1,500,000 | Air Lease Corp | 3.375 | 06/01/21 | 1,349,459 | |||||||||||||
450,000 | Air Lease Corp | 2.250 | 01/15/23 | 375,921 | |||||||||||||
4,400,000 | g | BOC Aviation Ltd | 3.500 | 10/10/24 | 4,714,776 | ||||||||||||
3,850,000 | g | Carrier Global Corp | 1.923 | 02/15/23 | 3,789,993 | ||||||||||||
3,371,000 | General Electric Co | 4.625 | 01/07/21 | 3,402,233 | |||||||||||||
1,385,000 | g | Gold Fields Orogen Holding BVI Ltd | 4.875 | 10/07/20 | 1,335,071 | ||||||||||||
2,000,000 | Ingersoll-Rand Global Holding Co Ltd | 2.900 | 02/21/21 | 1,982,905 | |||||||||||||
42,000 | Johnson Controls International plc | 3.750 | 12/01/21 | 41,469 | |||||||||||||
2,000,000 | Northrop Grumman Corp | 2.080 | 10/15/20 | 1,992,300 | |||||||||||||
3,134,000 | Roper Technologies, Inc | 3.000 | 12/15/20 | 3,135,010 | |||||||||||||
926,000 | United Technologies Corp | 3.650 | 08/16/23 | 973,620 | |||||||||||||
TOTAL CAPITAL GOODS | 23,092,757 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.1% | |||||||||||||||||
2,000,000 | ADT Corp | 4.125 | 06/15/23 | 1,954,980 | |||||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 1,954,980 | ||||||||||||||||
CONSUMER DURABLES & APPAREL - 0.2% | |||||||||||||||||
3,200,000 | Lennar Corp | 4.750 | 04/01/21 | 3,168,000 | |||||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 3,168,000 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 5.9% | |||||||||||||||||
2,000,000 | AerCap Ireland Capital DAC | 3.950 | 02/01/22 | 1,742,238 | |||||||||||||
3,000,000 | American Express Co | 2.200 | 10/30/20 | 2,991,709 | |||||||||||||
2,050,000 | American Express Co | 2.750 | 05/20/22 | 2,092,851 | |||||||||||||
1,000,000 | Ameriprise Financial, Inc | 3.000 | 03/22/22 | 1,012,287 | |||||||||||||
750,000 | Australia & New Zealand Banking Group Ltd | 2.625 | 05/19/22 | 760,870 | |||||||||||||
2,500,000 | g | Banco BTG Pactual S.A. | 4.500 | 01/10/25 | 2,175,000 | ||||||||||||
1,505,000 | Bank of Montreal | 2.900 | 03/26/22 | 1,523,939 | |||||||||||||
1,645,000 | BNP Paribas S.A. | 2.375 | 05/21/20 | 1,645,570 | |||||||||||||
4,000,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 3,913,400 |
303 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 845,000 | Capital One Financial Corp | 2.500 | % | 05/12/20 | $ | 844,637 | ||||||||||
3,000,000 | Capital One Financial Corp | 2.400 | 10/30/20 | 2,993,815 | |||||||||||||
1,355,000 | Capital One Financial Corp | 4.750 | 07/15/21 | 1,395,640 | |||||||||||||
2,000,000 | Deutsche Bank AG. | 2.700 | 07/13/20 | 1,960,739 | |||||||||||||
5,000,000 | Deutsche Bank AG. | 4.250 | 02/04/21 | 4,801,412 | |||||||||||||
3,000,000 | Discover Financial Services | 3.850 | 11/21/22 | 3,061,528 | |||||||||||||
1,200,000 | g | Federation des Caisses Desjardins du Quebec | 2.250 | 10/30/20 | 1,189,135 | ||||||||||||
16,800,000 | g | Federation des Caisses Desjardins du Quebec | 1.950 | 09/26/22 | 16,824,685 | ||||||||||||
4,500,000 | Ford Motor Credit Co LLC | 3.200 | 01/15/21 | 4,348,125 | |||||||||||||
1,300,000 | GE Capital International Funding Co | 2.342 | 11/15/20 | 1,292,642 | |||||||||||||
2,170,000 | General Motors Financial Co, Inc | 3.150 | 06/30/22 | 1,958,918 | |||||||||||||
5,000,000 | General Motors Financial Co, Inc | 3.550 | 07/08/22 | 4,619,350 | |||||||||||||
1,870,000 | Goldman Sachs Group, Inc | 2.750 | 09/15/20 | 1,874,508 | |||||||||||||
4,000,000 | Goldman Sachs Group, Inc | 2.875 | 02/25/21 | 4,014,100 | |||||||||||||
5,000,000 | Goldman Sachs Group, Inc | 2.876 | 10/31/22 | 5,025,499 | |||||||||||||
7,500,000 | Morgan Stanley | 2.800 | 06/16/20 | 7,498,950 | |||||||||||||
6,105,000 | Morgan Stanley | 3.125 | 01/23/23 | 6,243,956 | |||||||||||||
7,000,000 | g | Nationwide Building Society | 1.700 | 02/13/23 | 7,174,526 | ||||||||||||
3,000,000 | Shire Acquisitions Investments Ireland DAC | 2.400 | 09/23/21 | 2,988,773 | |||||||||||||
300,000 | g | State Street Corp | 2.825 | 03/30/23 | 302,738 | ||||||||||||
3,000,000 | Unilever Capital Corp | 1.800 | 05/05/20 | 2,997,950 | |||||||||||||
5,000,000 | Unilever Capital Corp | 3.000 | 03/07/22 | 5,166,641 | |||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 106,436,131 | ||||||||||||||||
ENERGY - 1.5% | |||||||||||||||||
1,700,000 | BP Capital Markets America, Inc | 2.520 | 09/19/22 | 1,687,009 | |||||||||||||
5,000,000 | Energy Transfer Operating LP | 4.500 | 04/15/24 | 4,460,155 | |||||||||||||
3,771,000 | Enterprise Products Operating LLC | 2.800 | 02/15/21 | 3,765,790 | |||||||||||||
2,000,000 | g | GS Caltex Corp | 3.000 | 06/04/24 | 2,057,960 | ||||||||||||
3,650,000 | Occidental Petroleum Corp | 2.700 | 08/15/22 | 2,600,732 | |||||||||||||
2,200,000 | g | Pertamina Persero PT | 4.875 | 05/03/22 | 2,199,480 | ||||||||||||
1,500,000 | Petroleos Mexicanos | 5.375 | 03/13/22 | 1,276,500 | |||||||||||||
795,000 | Petroleos Mexicanos | 2.000 | 12/20/22 | 804,539 | |||||||||||||
764,500 | Petroleos Mexicanos | 2.378 | 04/15/25 | 783,779 | |||||||||||||
2,709,000 | Plains All American Pipeline LP | 3.650 | 06/01/22 | 2,475,381 | |||||||||||||
750,000 | Sabine Pass Liquefaction LLC | 5.625 | 02/01/21 | 737,859 | |||||||||||||
5,000,000 | g | Saudi Arabian Oil Co | 2.875 | 04/16/24 | 4,857,106 | ||||||||||||
TOTAL ENERGY | 27,706,290 | ||||||||||||||||
FOOD & STAPLES RETAILING - 1.1% | |||||||||||||||||
3,425,000 | g | CK Hutchison International 17 Ltd | 2.250 | 09/29/20 | 3,426,713 | ||||||||||||
2,000,000 | CVS Health Corp | 2.800 | 07/20/20 | 2,000,374 | |||||||||||||
1,500,000 | CVS Health Corp | 3.700 | 03/09/23 | 1,561,482 | |||||||||||||
4,925,000 | CVS Health Corp | 2.625 | 08/15/24 | 4,939,748 | |||||||||||||
2,000,000 | Kroger Co | 2.600 | 02/01/21 | 2,000,308 | |||||||||||||
1,245,000 | SYSCO Corp | 2.600 | 10/01/20 | 1,233,237 | |||||||||||||
5,000,000 | Walmart, Inc | 2.350 | 12/15/22 | 5,156,109 | |||||||||||||
TOTAL FOOD & STAPLES RETAILING | 20,317,971 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 0.7% | |||||||||||||||||
2,150,000 | Altria Group, Inc | 3.490 | 02/14/22 | 2,173,534 | |||||||||||||
1,570,000 | Altria Group, Inc | 2.850 | 08/09/22 | 1,577,221 |
304 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 2,000,000 | Constellation Brands, Inc | 3.750 | % | 05/01/21 | $ | 2,002,228 | ||||||||||
2,940,000 | General Mills, Inc | 3.150 | 12/15/21 | 2,977,561 | |||||||||||||
1,000,000 | g | Lamb Weston Holdings, Inc | 4.625 | 11/01/24 | 985,000 | ||||||||||||
1,465,000 | Reynolds American, Inc | 3.250 | 06/12/20 | 1,460,605 | |||||||||||||
1,300,000 | Tyson Foods, Inc | 2.250 | 08/23/21 | 1,307,157 | |||||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 12,483,306 | ||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.3% | |||||||||||||||||
5,000,000 | Becton Dickinson & Co | 2.404 | 06/05/20 | 4,984,436 | |||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 4,984,436 | ||||||||||||||||
INSURANCE - 0.4% | |||||||||||||||||
2,415,000 | American International Group, Inc | 3.375 | 08/15/20 | 2,420,717 | |||||||||||||
2,500,000 | Aon plc | 2.800 | 03/15/21 | 2,501,047 | |||||||||||||
1,570,000 | Prudential Financial, Inc | 4.500 | 11/15/20 | 1,580,841 | |||||||||||||
TOTAL INSURANCE | 6,502,605 | ||||||||||||||||
MATERIALS - 1.0% | |||||||||||||||||
5,000,000 | g | Air Liquide Finance S.A. | 1.750 | 09/27/21 | 4,978,172 | ||||||||||||
3,000,000 | g | Fresnillo plc | 5.500 | 11/13/23 | 2,970,000 | ||||||||||||
3,000,000 | g | Indonesia Asahan Aluminiu | 5.230 | 11/15/21 | 2,999,608 | ||||||||||||
1,350,000 | g | Midwest Connector Capital Co LLC | 3.625 | 04/01/22 | 1,296,890 | ||||||||||||
2,200,000 | Newmont Goldcorp Corp | 3.625 | 06/09/21 | 2,227,132 | |||||||||||||
2,000,000 | g | NV Chemicals Corp | 5.250 | 08/01/23 | 1,736,360 | ||||||||||||
1,550,000 | g | SABIC Capital II BV | 4.000 | 10/10/23 | 1,537,753 | ||||||||||||
3,000,000 | Sasol Financing International plc | 4.500 | 11/14/22 | 1,349,477 | |||||||||||||
TOTAL MATERIALS | 19,095,392 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 0.4% | |||||||||||||||||
1,009,000 | Charter Communications Operating LLC | 3.579 | 07/23/20 | 1,005,864 | |||||||||||||
967,000 | Comcast Corp | 2.850 | 01/15/23 | 995,598 | |||||||||||||
2,000,000 | g | Tencent Holdings Ltd | 3.280 | 04/11/24 | 2,071,100 | ||||||||||||
3,000,000 | Walt Disney Co | 1.650 | 09/01/22 | 3,019,043 | |||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 7,091,605 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.6% | |||||||||||||||||
10,000,000 | g | AbbVie, Inc | 2.300 | 11/21/22 | 9,990,798 | ||||||||||||
525,000 | Allergan Funding SCS | 3.800 | 03/15/25 | 537,609 | |||||||||||||
3,300,000 | g | Bayer US Finance II LLC | 3.500 | 06/25/21 | 3,306,390 | ||||||||||||
2,285,000 | g | Bristol-Myers Squibb Co | 2.875 | 08/15/20 | 2,293,013 | ||||||||||||
2,000,000 | g | Bristol-Myers Squibb Co | 2.875 | 02/19/21 | 2,039,071 | ||||||||||||
3,000,000 | g | Bristol-Myers Squibb Co | 2.550 | 05/14/21 | 3,035,058 | ||||||||||||
2,500,000 | g | Bristol-Myers Squibb Co | 2.600 | 05/16/22 | 2,550,931 | ||||||||||||
2,000,000 | Teva Pharmaceutical Finance Co BV | 2.950 | 12/18/22 | 1,833,640 | |||||||||||||
4,000,000 | Teva Pharmaceutical Financial IV BV | 3.650 | 11/10/21 | 3,847,320 | |||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 29,433,830 | ||||||||||||||||
REAL ESTATE - 0.6% | |||||||||||||||||
2,000,000 | American Tower Corp | 2.250 | 01/15/22 | 1,952,207 | |||||||||||||
2,435,000 | Digital Realty Trust LP | 3.625 | 10/01/22 | 2,484,187 | |||||||||||||
3,127,000 | Duke Realty LP | 3.875 | 10/15/22 | 3,240,194 | |||||||||||||
2,141,000 | Healthpeak Properties, Inc | 4.250 | 11/15/23 | 2,023,200 |
305 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 850,000 | Highwoods Realty LP | 3.625 | % | 01/15/23 | $ | 846,378 | ||||||||||
TOTAL REAL ESTATE | 10,546,166 | ||||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1% | |||||||||||||||||
2,500,000 | Texas Instruments, Inc | 2.250 | 09/04/29 | 2,523,307 | |||||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 2,523,307 | ||||||||||||||||
SOFTWARE & SERVICES - 0.6% | |||||||||||||||||
500,000 | Activision Blizzard, Inc | 2.600 | 06/15/22 | 503,513 | |||||||||||||
5,000,000 | Adobe, Inc | 1.900 | 02/01/25 | 5,044,416 | |||||||||||||
5,146,000 | Fiserv, Inc | 3.500 | 10/01/22 | 5,182,095 | |||||||||||||
TOTAL SOFTWARE & SERVICES | 10,730,024 | ||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.5% | |||||||||||||||||
1,420,000 | Apple, Inc | 2.250 | 02/23/21 | 1,433,039 | |||||||||||||
1,850,000 | Apple, Inc | 1.700 | 09/11/22 | 1,885,929 | |||||||||||||
5,000,000 | Broadcom Corp | 2.200 | 01/15/21 | 4,933,798 | |||||||||||||
1,580,000 | g | L3Harris Technologies, Inc | 4.950 | 02/15/21 | 1,613,911 | ||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 9,866,677 | ||||||||||||||||
TELECOMMUNICATION SERVICES - 1.1% | |||||||||||||||||
4,440,000 | AT&T, Inc | 2.800 | 02/17/21 | 4,459,664 | |||||||||||||
1,000,000 | AT&T, Inc | 3.200 | 03/01/22 | 1,014,429 | |||||||||||||
7,000,000 | AT&T, Inc | 2.625 | 12/01/22 | 6,912,947 | |||||||||||||
1,815,000 | Verizon Communications, Inc | 3.450 | 03/15/21 | 1,835,579 | |||||||||||||
5,000,000 | Verizon Communications, Inc | 2.946 | 03/15/22 | 5,099,879 | |||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 19,322,498 | ||||||||||||||||
TRANSPORTATION - 0.5% | |||||||||||||||||
3,000,000 | g | Adani Ports & Special Economic Zone Ltd | 3.950 | 01/19/22 | 2,860,850 | ||||||||||||
1,100,000 | Delta Air Lines, Inc | 3.400 | 04/19/21 | 1,001,582 | |||||||||||||
2,800,000 | FedEx Corp | 2.625 | 08/01/22 | 2,775,473 | |||||||||||||
2,200,000 | g | Transnet SOC Ltd | 4.000 | 07/26/22 | 2,090,645 | ||||||||||||
TOTAL TRANSPORTATION | 8,728,550 | ||||||||||||||||
UTILITIES - 0.8% | |||||||||||||||||
1,825,000 | Berkshire Hathaway Energy Co | 2.375 | 01/15/21 | 1,829,432 | |||||||||||||
3,000,000 | Dominion Energy, Inc | 2.579 | 07/01/20 | 2,996,406 | |||||||||||||
2,000,000 | g | Hanwha Energy USA Holdings Corp | 2.375 | 07/30/22 | 1,989,267 | ||||||||||||
2,000,000 | g | KSA Sukuk Ltd | 2.894 | 04/20/22 | 2,003,288 | ||||||||||||
3,050,000 | NextEra Energy Capital Holdings, Inc | 2.900 | 04/01/22 | 3,078,260 | |||||||||||||
3,000,000 | g | State Grid Overseas Investment Ltd | 2.750 | 05/04/22 | 3,036,359 | ||||||||||||
TOTAL UTILITIES | 14,933,012 | ||||||||||||||||
TOTAL CORPORATE BONDS | 601,753,148 | ||||||||||||||||
(Cost $606,369,563) | |||||||||||||||||
GOVERNMENT BONDS - 36.9% | |||||||||||||||||
AGENCY SECURITIES - 5.0% | |||||||||||||||||
3,350,000 | g | Hospital for Special Surgery | 3.500 | 01/01/23 | 3,457,386 | ||||||||||||
24,000,000 | Iraq Government AID International Bond | 2.149 | 01/18/22 | 24,777,901 |
306 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 12,175,000 | Montefiore Medical Center | 2.152 | % | 10/20/26 | $ | 12,742,117 | ||||||||||
5,900,000 | Private Export Funding Corp (PEFCO) | 1.750 | 11/15/24 | 6,148,987 | |||||||||||||
6,315,789 | Reliance Industries Ltd | 1.870 | 01/15/26 | 6,355,195 | |||||||||||||
6,000,000 | Reliance Industries Ltd | 2.060 | 01/15/26 | 6,099,125 | |||||||||||||
7,894,737 | Reliance Industries Ltd | 2.444 | 01/15/26 | 8,129,755 | |||||||||||||
2,259,980 | San Clemente Leasing LLC | 3.030 | 11/22/22 | 2,311,724 | |||||||||||||
6,000,000 | Ukraine Government AID International Bonds | 1.847 | 05/29/20 | 6,014,731 | |||||||||||||
15,000,000 | Ukraine Government AID International Bonds | 1.471 | 09/29/21 | 15,242,287 | |||||||||||||
TOTAL AGENCY SECURITIES | 91,279,208 | ||||||||||||||||
FOREIGN GOVERNMENT BONDS - 10.0% | |||||||||||||||||
3,325,000 | g | Arab Petroleum Investments Corp | 4.125 | 09/18/23 | 3,324,615 | ||||||||||||
815,000 | † | Argentine Republic Government International Bond | 6.875 | 04/22/21 | 234,313 | ||||||||||||
7,000,000 | g | Bermuda Government International Bond | 4.138 | 01/03/23 | 6,947,500 | ||||||||||||
3,250,000 | Brazilian Government International Bond | 2.625 | 01/05/23 | 3,266,250 | |||||||||||||
9,000,000 | g | CPPIB Capital, Inc | 2.750 | 07/22/21 | 9,259,310 | ||||||||||||
333,333 | g | Dominican Republic Government International Bond | 7.500 | 05/06/21 | 333,337 | ||||||||||||
1,725,000 | g | Egypt Government International Bond | 5.577 | 02/21/23 | 1,595,173 | ||||||||||||
1,500,000 | g | Egypt Government International Bond | 4.550 | 11/20/23 | 1,327,655 | ||||||||||||
3,200,000 | Export-Import Bank of India | 4.000 | 01/14/23 | 3,142,701 | |||||||||||||
1,700,000 | g | Fondo MIVIVIENDA S.A. | 3.500 | 01/31/23 | 1,602,692 | ||||||||||||
500,000 | g | Honduras Government International Bond | 8.750 | 12/16/20 | 495,005 | ||||||||||||
1,500,000 | g | Honduras Government International Bond | 7.500 | 03/15/24 | 1,455,015 | ||||||||||||
10,000,000 | International Bank for Reconstruction & Development | 1.500 | 08/28/24 | 10,336,862 | |||||||||||||
8,900,000 | g | International Development Association | 2.750 | 04/24/23 | 9,519,594 | ||||||||||||
1,500,000 | Japan Bank for International Cooperation | 1.875 | 04/20/21 | 1,516,138 | |||||||||||||
6,100,000 | Japan Bank for International Cooperation | 1.750 | 01/23/23 | 6,236,707 | |||||||||||||
3,000,000 | g | Japan Finance Organization for Municipalities | 2.000 | 09/08/20 | 3,014,352 | ||||||||||||
3,200,000 | g | Japan Finance Organization for Municipalities | 2.125 | 02/12/21 | 3,237,193 | ||||||||||||
6,650,000 | g | Japan Finance Organization for Municipalities | 3.375 | 09/27/23 | 7,212,324 | ||||||||||||
4,500,000 | g | Japan Finance Organization for Municipalities | 3.000 | 03/12/24 | 4,854,412 | ||||||||||||
1,150,000 | g | Kommunalbanken AS. | 1.375 | 10/26/20 | 1,153,739 | ||||||||||||
3,750,000 | g | Kommunalbanken AS. | 1.625 | 02/10/21 | 3,783,540 | ||||||||||||
1,560,000 | g | Kommunalbanken AS. | 2.750 | 02/05/24 | 1,683,342 | ||||||||||||
5,667,000 | g | Kommuninvest I Sverige AB | 2.625 | 09/15/22 | 5,948,083 | ||||||||||||
2,000,000 | i | Korea Development Bank | LIBOR 3 M + 0.550% | 1.334 | 03/12/21 | 1,997,611 | |||||||||||
6,700,000 | g | Korea Housing Finance Corp | 2.000 | 10/11/21 | 6,735,778 | ||||||||||||
1,875,000 | g | Korea Housing Finance Corp | 3.000 | 10/31/22 | 1,944,113 | ||||||||||||
500,000 | g | Kuwait Government International Bond | 2.750 | 03/20/22 | 502,536 | ||||||||||||
2,025,000 | g | Morocco Government International Bond | 4.250 | 12/11/22 | 2,005,933 | ||||||||||||
1,500,000 | g | Namibia International Bonds | 5.500 | 11/03/21 | 1,439,348 | ||||||||||||
3,500,000 | g | Nederlandse Waterschapsbank NV | 2.125 | 11/15/21 | 3,583,680 | ||||||||||||
5,950,000 | g | OMERS Finance Trust | 2.500 | 05/02/24 | 6,363,096 | ||||||||||||
15,000,000 | g | Ontario Teachers’ Finance Trust | 1.625 | 09/12/24 | 15,462,450 | ||||||||||||
2,000,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.400 | 03/29/22 | 1,988,520 | ||||||||||||
5,000,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.750 | 03/01/23 | 4,979,800 | ||||||||||||
3,400,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 3,424,786 | ||||||||||||
1,300,000 | Province of New Brunswick Canada | 8.750 | 05/01/22 | 1,505,170 | |||||||||||||
3,000,000 | g | Qatar Government International Bond | 3.375 | 03/14/24 | 3,053,037 | ||||||||||||
4,000,000 | g | Qatar Government International Bond | 4.000 | 03/14/29 | 4,283,234 | ||||||||||||
6,800,000 | Republic of Italy Government International Bond | 2.375 | 10/17/24 | 6,720,714 | |||||||||||||
1,500,000 | g | Republic of Paraguay Government International Bond | 4.625 | 01/25/23 | 1,500,015 | ||||||||||||
2,000,000 | g | Republic of Uzbekistan Government International Bond | 4.750 | 02/20/24 | 1,955,761 |
307 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 5,625,000 | g | Saudi Government International Bond | 2.375 | % | 10/26/21 | $ | 5,554,432 | |||||||||
500,000 | g | Senegal Goverment International Bond | 8.750 | 05/13/21 | 489,383 | ||||||||||||
6,500,000 | Svensk Exportkredit AB | 1.750 | 03/10/21 | 6,552,752 | |||||||||||||
6,540,000 | Svensk Exportkredit AB | 1.750 | 12/12/23 | 6,773,070 | |||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 180,295,071 | ||||||||||||||||
MORTGAGE BACKED - 0.0% | |||||||||||||||||
23,715 | i | Federal Home Loan Mortgage Corp (FHLMC) | 1.105 | 12/15/20 | 23,718 | ||||||||||||
112 | Federal National Mortgage Association (FNMA) | 2.750 | 06/25/20 | 112 | |||||||||||||
3,661 | FNMA | 5.500 | 09/25/22 | 3,797 | |||||||||||||
11,798 | FNMA | 5.000 | 09/25/24 | 173 | |||||||||||||
19,598 | i | FNMA | 1.247 | 11/25/34 | 19,593 | ||||||||||||
TOTAL MORTGAGE BACKED | 47,393 | ||||||||||||||||
MUNICIPAL BONDS - 2.3% | |||||||||||||||||
5,000,000 | Bay Area Toll Authority | 2.254 | 04/01/24 | 5,139,250 | |||||||||||||
19,755,000 | City of New York NY | 2.280 | 08/01/25 | 19,815,845 | |||||||||||||
10,000,000 | Massachusetts Water Resources Authority | 2.083 | 08/01/25 | 10,210,600 | |||||||||||||
6,000,000 | Massachusetts Water Resources Authority | 3.104 | 08/01/39 | 5,982,540 | |||||||||||||
TOTAL MUNICIPAL BONDS | 41,148,235 | ||||||||||||||||
U.S. TREASURY SECURITIES - 19.6% | |||||||||||||||||
10,000,000 | United States Treasury Note | 2.125 | 06/30/21 | 10,247,266 | |||||||||||||
48,010,000 | United States Treasury Note | 1.750 | 07/31/21 | 49,007,708 | |||||||||||||
59,505,000 | United States Treasury Note | 1.500 | 09/30/21 | 60,648,612 | |||||||||||||
27,750,000 | United States Treasury Note | 1.625 | 12/31/21 | 28,427,490 | |||||||||||||
85,265,000 | United States Treasury Note | 0.500 | 03/15/23 | 85,797,906 | |||||||||||||
68,000,000 | United States Treasury Note | 1.250 | 02/28/25 | 70,526,094 | |||||||||||||
43,000,000 | United States Treasury Note | 1.875 | 07/31/26 | 46,648,281 | |||||||||||||
3,250,000 | United States Treasury Note | 1.625 | 09/30/26 | 3,478,769 | |||||||||||||
TOTAL U.S. TREASURY SECURITIES | 354,782,126 | ||||||||||||||||
TOTAL GOVERNMENT BONDS | 667,552,033 | ||||||||||||||||
(Cost $652,426,038) | |||||||||||||||||
STRUCTURED ASSETS - 28.0% | |||||||||||||||||
ASSET BACKED - 8.1% | |||||||||||||||||
130,017 | Aames Mortgage Trust (Step Bond) | 7.396 | 06/25/32 | 125,849 | |||||||||||||
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) | |||||||||||||||||
1,941,394 | i | Asset Backed Securities Corp Home Equity Loan Trust | 2.355 | 03/15/32 | 1,842,531 | ||||||||||||
Series - 2002 HE1 (Class M1) | |||||||||||||||||
620,235 | g | Avid Automobile Receivables Trust | 2.840 | 08/15/23 | 616,775 | ||||||||||||
Series - 2018 1 (Class A) | |||||||||||||||||
1,769,085 | g | Bank of The West Auto Trust | 2.110 | 01/15/23 | 1,762,109 | ||||||||||||
Series - 2017 1 (Class A3) | |||||||||||||||||
930,570 | i | Bear Stearns Asset Backed Securities Trust | 2.177 | 08/25/43 | 885,108 | ||||||||||||
Series - 2005 SD1 (Class 1M3) |
308 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,886,935 | g | Capital Automotive REIT | 3.870 | % | 04/15/47 | $ | 1,653,488 | |||||||||
Series - 2017 1A (Class A1) | |||||||||||||||||
2,500,000 | i | Capital One Multi-Asset Execution Trust | 1.335 | 02/15/24 | 2,487,780 | ||||||||||||
Series - 2016 A2 (Class A2) | |||||||||||||||||
3,140,000 | Carmax Auto Owner Trust | 3.360 | 09/15/23 | 3,181,443 | |||||||||||||
Series - 2018 4 (Class A3) | |||||||||||||||||
1,615,000 | Carmax Auto Owner Trust | 3.050 | 03/15/24 | 1,642,075 | |||||||||||||
Series - 2019 1 (Class A3) | |||||||||||||||||
3,557 | Centex Home Equity | 5.540 | 01/25/32 | 3,498 | |||||||||||||
Series - 2002 A (Class AF6) | |||||||||||||||||
74,496 | i | Centex Home Equity | 1.592 | 03/25/34 | 67,760 | ||||||||||||
Series - 2004 B (Class M1) | |||||||||||||||||
122,341 | i | Chase Funding Mortgage Loan Asset-Backed Certificates | 5.700 | 02/26/35 | 110,203 | ||||||||||||
Series - 2004 2 (Class 1M2) | |||||||||||||||||
4,000,000 | i | Chase Issuance Trust | 1.255 | 06/15/23 | 3,964,875 | ||||||||||||
Series - 2016 A3 (Class A3) | |||||||||||||||||
459,007 | g | CIG Auto Receivables Trust | 2.710 | 05/15/23 | 457,541 | ||||||||||||
Series - 2017 1A (Class A) | |||||||||||||||||
2,000,000 | i | Citibank Credit Card Issuance Trust | 1.225 | 04/07/22 | 1,999,282 | ||||||||||||
Series - 2017 A4 (Class A4) | |||||||||||||||||
2,000,000 | i | Citibank Credit Card Issuance Trust | 1.375 | 08/08/24 | 1,971,600 | ||||||||||||
Series - 2017 A7 (Class A7) | |||||||||||||||||
2,000,000 | i | Citibank Credit Card Issuance Trust | 1.103 | 01/20/25 | 1,951,198 | ||||||||||||
Series - 2018 A2 (Class A2) | |||||||||||||||||
1,721,648 | g,i | Citigroup Mortgage Loan Trust | 2.631 | 09/25/36 | 1,532,051 | ||||||||||||
Series - 2006 AMC1 (Class A1) | |||||||||||||||||
335,985 | g | Conn’s Receivables Funding | 3.250 | 01/15/23 | 328,027 | ||||||||||||
Series - 2018 A (Class A) | |||||||||||||||||
913,297 | g | Credit-Based Asset Servicing & Securitization LLC (Step Bond) | 5.260 | 12/25/37 | 903,627 | ||||||||||||
Series - 2007 SP1 (Class A4) | |||||||||||||||||
3,500,000 | i | Discover Card Execution Note Trust | 0.935 | 12/15/23 | 3,457,022 | ||||||||||||
Series - 2018 A3 (Class A3) | |||||||||||||||||
2,000,000 | i | Discover Card Execution Note Trust | 1.035 | 08/15/25 | 1,956,446 | ||||||||||||
Series - 2018 A2 (Class A2) | |||||||||||||||||
2,443,750 | g,i | Domino’s Pizza Master Issuer LLC | 0.000 | 07/25/47 | 2,287,032 | ||||||||||||
Series - 2017 1A (Class A2I) | |||||||||||||||||
14,662,500 | g | Domino’s Pizza Master Issuer LLC | 3.082 | 07/25/47 | 14,154,151 | ||||||||||||
Series - 2017 1A (Class A2II) | |||||||||||||||||
1,045,419 | Entergy Louisiana Investment Recovery Funding I LLC | 2.040 | 09/01/23 | 1,040,124 | |||||||||||||
Series - 2011 A (Class A1) | |||||||||||||||||
346,000 | Fifth Third Auto Trust | 1.800 | 02/15/22 | 345,325 | |||||||||||||
Series - 2017 1 (Class A3) | |||||||||||||||||
2,300,000 | g | Ford Credit Auto Owner Trust | 2.310 | 08/15/27 | 2,279,034 | ||||||||||||
Series - 2016 1 (Class A) | |||||||||||||||||
444,239 | g | GLS Auto Receivables Trust | 2.820 | 07/15/22 | 442,200 | ||||||||||||
Series - 2018 1A (Class A) | |||||||||||||||||
2,480,000 | GM Financial Consumer Automobile Receivables Trust | 3.210 | 10/16/23 | 2,512,191 | |||||||||||||
Series - 2018 4 (Class A3) | |||||||||||||||||
4,580,303 | g | Hilton Grand Vacations Trust | 3.540 | 02/25/32 | 4,565,875 | ||||||||||||
Series - 2018 AA (Class A) |
309 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 2,160,000 | Honda Auto Receivables Owner Trust | 2.830 | % | 03/20/23 | $ | 2,194,776 | ||||||||||
Series - 2019 1 (Class A3) | |||||||||||||||||
1,938,819 | g,i | Invitation Homes Trust | 1.605 | 06/17/37 | 1,786,573 | ||||||||||||
Series - 2018 SFR2 (Class A) | |||||||||||||||||
2,557,868 | g,i | Invitation Homes Trust | 1.800 | 07/17/37 | 2,372,312 | ||||||||||||
Series - 2018 SFR3 (Class A) | |||||||||||||||||
1,563,000 | g,i | Invitation Homes Trust | 2.450 | 01/17/38 | 1,287,159 | ||||||||||||
Series - 2018 SFR4 (Class D) | |||||||||||||||||
1,235,908 | g | Mid-State Capital Trust | 7.000 | 12/15/45 | 1,273,730 | ||||||||||||
Series - 2010 1 (Class B) | |||||||||||||||||
14,270,420 | g | MVW Owner Trust | 2.220 | 10/20/38 | 13,099,747 | ||||||||||||
Series - 2019 2A (Class A) | |||||||||||||||||
1,800,684 | g | MVW Owner Trust | 2.440 | 10/20/38 | 1,659,718 | ||||||||||||
Series - 2019 2A (Class B) | |||||||||||||||||
1,406,355 | g | New Residential Mortgage LLC | 4.690 | 05/25/23 | 1,384,857 | ||||||||||||
Series - 2018 FNT1 (Class D) | |||||||||||||||||
1,296,846 | g | New Residential Mortgage LLC | 4.920 | 07/25/54 | 1,297,576 | ||||||||||||
Series - 2018 FNT2 (Class D) | |||||||||||||||||
2,985,000 | i | Park Place Securities, Inc | 2.192 | 01/25/36 | 2,837,581 | ||||||||||||
Series - 2005 WCH1 (Class M4) | |||||||||||||||||
8,323,250 | g | Planet Fitness Master Issuer LLC | 4.262 | 09/05/48 | 7,844,081 | ||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||||
2,210,687 | g | Progress Residential Trust | 2.768 | 08/17/34 | 2,181,871 | ||||||||||||
Series - 2017 SFR1 (Class A) | |||||||||||||||||
123,444 | g | Prosper Marketplace Issuance Trust | 3.350 | 10/15/24 | 122,691 | ||||||||||||
Series - 2018 2A (Class A) | |||||||||||||||||
1,175,236 | g | SoFi Professional Loan Program LLC | 2.360 | 12/27/32 | 1,179,464 | ||||||||||||
Series - 2016 C (Class A2B) | |||||||||||||||||
1,642,203 | g | SoFi Professional Loan Program LLC | 2.340 | 04/25/33 | 1,643,804 | ||||||||||||
Series - 2016 D (Class A2B) | |||||||||||||||||
1,175,974 | g | SoFi Professional Loan Program LLC | 2.510 | 08/25/33 | 1,184,351 | ||||||||||||
Series - 2015 C (Class A2) | |||||||||||||||||
697,773 | g | SoFi Professional Loan Program LLC | 2.630 | 07/25/40 | 690,187 | ||||||||||||
Series - 2017 C (Class A2B) | |||||||||||||||||
1,100,000 | Synchrony Card Issuance Trust | 3.380 | 09/15/24 | 1,102,934 | |||||||||||||
Series - 2018 A1 (Class A) | |||||||||||||||||
1,160,834 | g | Tax Ease Funding LLC | 3.131 | 06/15/28 | 1,154,803 | ||||||||||||
Series - 2016 1A (Class A) | |||||||||||||||||
299,204 | g | TCF Auto Receivables Owner Trust | 1.930 | 06/15/22 | 297,086 | ||||||||||||
Series - 2016 PT1A (Class A) | |||||||||||||||||
2,528,000 | g | TCF Auto Receivables Owner Trust | 2.920 | 10/17/22 | 2,508,557 | ||||||||||||
Series - 2016 PT1A (Class B) | |||||||||||||||||
9,076,266 | g | TES LLC | 4.330 | 10/20/47 | 7,085,478 | ||||||||||||
Series - 2017 1A (Class A) | |||||||||||||||||
3,000,000 | Toyota Auto Receivables Owner | 2.050 | 09/15/22 | 2,994,982 | |||||||||||||
Series - 2017 B (Class A4) | |||||||||||||||||
1,990,000 | Toyota Auto Receivables Owner | 3.180 | 03/15/23 | 2,024,135 | |||||||||||||
Series - 2018 D (Class A3) | |||||||||||||||||
2,900,000 | g | Tricon American Homes Trust | 4.878 | 11/17/33 | 2,761,659 | ||||||||||||
Series - 2016 SFR1 (Class E) | |||||||||||||||||
2,154,645 | g | Tricon American Homes Trust | 2.716 | 09/17/34 | 2,117,161 | ||||||||||||
Series - 2017 SFR1 (Class A) | |||||||||||||||||
195,847 | US Airways Pass Through Trust | 7.076 | 03/20/21 | 203,389 | |||||||||||||
Series - 2001 1G (Class ) |
310 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 10,905,000 | Verizon Owner Trust | 3.380 | % | 04/20/23 | $ | 10,533,159 | ||||||||||
Series - 2018 A (Class B) | |||||||||||||||||
9,000,000 | Verizon Owner Trust | 3.020 | 09/20/23 | 8,835,567 | |||||||||||||
Series - 2019 A (Class B) | |||||||||||||||||
TOTAL ASSET BACKED | 146,185,609 | ||||||||||||||||
OTHER MORTGAGE BACKED - 19.9% | |||||||||||||||||
8,084,835 | g | 1166 Avenue of the Americas Commercial Mortgage Trust II | 5.690 | 10/13/37 | 8,401,648 | ||||||||||||
Series - 2005 C6A (Class A1) | |||||||||||||||||
1,500,000 | g,i | 20 Times Square Trust | 3.100 | 05/15/35 | 1,427,094 | ||||||||||||
Series - 2018 20TS (Class B) | |||||||||||||||||
8,000,000 | g,i | 20 Times Square Trust | 3.100 | 05/15/35 | 6,768,522 | ||||||||||||
Series - 2018 20TS (Class D) | |||||||||||||||||
374,732 | g,i | ACE Securities Corp Manufactured Housing Trust | 6.500 | 08/15/30 | 384,235 | ||||||||||||
Series - 2003 MH1 (Class M1) | |||||||||||||||||
3,145,000 | g,i | Angel Oak Mortgage Trust | 3.161 | 12/25/59 | 2,657,666 | ||||||||||||
Series - 2020 1 (Class M1) | |||||||||||||||||
161,305 | i | Banc of America Funding | 1.573 | 02/20/35 | 159,697 | ||||||||||||
Series - 2005 A (Class 5A3) | |||||||||||||||||
3,000,000 | g,i | BBCMS Trust | 4.284 | 09/10/28 | 2,972,194 | ||||||||||||
Series - 2015 STP (Class C) | |||||||||||||||||
1,802,405 | i | Bear Stearns ALT-A Trust | 1.547 | 06/25/34 | 1,731,604 | ||||||||||||
Series - 2004 4 (Class A1) | |||||||||||||||||
5,000,000 | i | Bear Stearns Commercial Mortgage Securities Trust | 5.143 | 09/11/42 | 4,997,769 | ||||||||||||
Series - 2005 PWR9 (Class E) | |||||||||||||||||
2,388,501 | g,i | BX Commercial Mortgage Trust | 1.955 | 10/15/36 | 2,167,268 | ||||||||||||
Series - 2019 XL (Class C) | |||||||||||||||||
7,076,482 | g,i | Chase Mortgage Trust | 3.750 | 12/25/45 | 6,732,616 | ||||||||||||
Series - 2016 SH2 (Class M2) | |||||||||||||||||
28,946 | Citicorp Mortgage Securities Trust | 5.500 | 02/25/26 | 28,219 | |||||||||||||
Series - 2006 1 (Class 5A1) | |||||||||||||||||
2,000,000 | g | Citigroup Commercial Mortgage Trust | 3.896 | 05/10/36 | 1,854,940 | ||||||||||||
Series - 2019 PRM (Class C) | |||||||||||||||||
3,624,631 | g,i | COMM Mortgage Trust | 3.461 | 08/10/29 | 3,442,961 | ||||||||||||
Series - 2016 GCT (Class D) | |||||||||||||||||
3,623,360 | g | COMM Mortgage Trust | 3.397 | 03/10/46 | 3,533,699 | ||||||||||||
Series - 2013 CR6 (Class B) | |||||||||||||||||
2,014,904 | COMM Mortgage Trust | 4.701 | 03/10/47 | 2,016,800 | |||||||||||||
Series - 2014 UBS2 (Class B) | |||||||||||||||||
3,300,000 | i | COMM Mortgage Trust | 4.703 | 08/10/47 | 3,296,249 | ||||||||||||
Series - 2014 CR19 (Class B) | |||||||||||||||||
1,500,000 | g,i | COMM Mortgage Trust | 4.731 | 08/10/47 | 1,255,708 | ||||||||||||
Series - 2014 CR19 (Class D) | |||||||||||||||||
5,500,000 | i | COMM Mortgage Trust | 3.463 | 08/10/48 | 4,134,020 | ||||||||||||
Series - 2015 CR24 (Class D) | |||||||||||||||||
3,970,000 | i | COMM Mortgage Trust | 4.540 | 08/10/48 | 3,893,443 | ||||||||||||
Series - 2015 CR25 (Class B) | |||||||||||||||||
1,000,000 | g,i | Commercial Mortgage Lease-Backed Certificates | 7.961 | 06/20/31 | 1,041,330 | ||||||||||||
Series - 2001 CMLB (Class C) | |||||||||||||||||
1,768,370 | i | Connecticut Avenue Securities | 3.547 | 05/25/24 | 1,586,643 | ||||||||||||
Series - 2014 C02 (Class 1M2) | |||||||||||||||||
7,242,423 | i | Connecticut Avenue Securities | 3.947 | 07/25/24 | 6,626,819 | ||||||||||||
Series - 2014 C03 (Class 1M2) |
311 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 5,250,005 | i | Connecticut Avenue Securities | 1.797 | % | 09/25/29 | $ | 4,224,445 | |||||||||
Series - 2017 C02 (Class 2ED4) | |||||||||||||||||
2,870,269 | i | Connecticut Avenue Securities | 3.597 | 02/25/30 | 2,525,966 | ||||||||||||
Series - 2017 C06 (Class 1M2) | |||||||||||||||||
3,343,699 | i | Connecticut Avenue Securities | 1.847 | 08/25/30 | 3,075,226 | ||||||||||||
Series - 2018 C02 (Class 2EA2) | |||||||||||||||||
7,785,000 | i | Connecticut Avenue Securities | 1.797 | 10/25/30 | 7,364,944 | ||||||||||||
Series - 2018 C03 (Class 1EA2) | |||||||||||||||||
5,000,000 | g,i | Connecticut Avenue Securities | 2.947 | 07/25/39 | 4,223,918 | ||||||||||||
Series - 2019 R05 (Class 1M2) | |||||||||||||||||
913,213 | g,i | Connecticut Avenue Securities | 1.697 | 01/25/40 | 876,587 | ||||||||||||
Series - 2020 R02 (Class 2M1) | |||||||||||||||||
6,837,730 | g,i | Connecticut Avenue Securities | 1.747 | 01/25/40 | 6,537,919 | ||||||||||||
Series - 2020 R01 (Class 1M1) | |||||||||||||||||
2,825,000 | g | Credit Suisse Commercial Mortgage Trust | 3.304 | 09/15/37 | 2,779,315 | ||||||||||||
Series - 2014 USA (Class A1) | |||||||||||||||||
12,000,000 | g,i | Credit Suisse Commercial Mortgage Trust | 5.896 | 01/15/49 | 14,251,800 | ||||||||||||
Series - 2007 C2 (Class C) | |||||||||||||||||
216,014 | Credit Suisse First Boston Mortgage Securities Corp | 5.750 | 09/25/33 | 219,503 | |||||||||||||
Series - 2003 23 (Class 3A4) | |||||||||||||||||
3,800,000 | g,i | DBUBS Mortgage Trust | 5.530 | 07/10/44 | 3,832,829 | ||||||||||||
Series - 2011 LC2A (Class C) | |||||||||||||||||
3,900,000 | g,i | DBUBS Mortgage Trust | 5.530 | 07/10/44 | 3,734,131 | ||||||||||||
Series - 2011 LC2A (Class D) | |||||||||||||||||
3,130,000 | g,i | DBUBS Mortgage Trust | 5.689 | 11/10/46 | 3,071,437 | ||||||||||||
Series - 2011 LC1A (Class C) | |||||||||||||||||
1,120,000 | g,i | DBUBS Mortgage Trust | 5.689 | 11/10/46 | 1,086,646 | ||||||||||||
Series - 2011 LC1A (Class D) | |||||||||||||||||
3,000,000 | g,i | DBUBS Mortgage Trust | 5.689 | 11/10/46 | 2,848,230 | ||||||||||||
Series - 2011 LC1A (Class E) | |||||||||||||||||
216,830 | Deutsche Mortgage Securities, Inc Mortgage Loan Trust (Step Bond) | 5.440 | 07/25/34 | 212,051 | |||||||||||||
Series - 2004 5 (Class A5B) | |||||||||||||||||
1,679,419 | g,i | Flagstar Mortgage Trust | 3.500 | 10/25/47 | 1,662,422 | ||||||||||||
Series - 2017 2 (Class A5) | |||||||||||||||||
636,148 | g,i | Flagstar Mortgage Trust | 4.000 | 07/25/48 | 630,622 | ||||||||||||
Series - 2018 4 (Class A4) | |||||||||||||||||
930,823 | g,i | Galton Funding Mortgage Trust | 4.500 | 10/25/58 | 933,580 | ||||||||||||
Series - 2018 2 (Class A41) | |||||||||||||||||
1,050,000 | g | GS Mortgage Securities Corp II | 3.419 | 10/10/32 | 975,519 | ||||||||||||
Series - 2017 SLP (Class A) | |||||||||||||||||
3,000,000 | g | GS Mortgage Securities Corp II | 2.954 | 11/05/34 | 2,943,176 | ||||||||||||
Series - 2012 BWTR (Class A) | |||||||||||||||||
2,598,000 | g,i | GS Mortgage Securities Corp II | 4.403 | 02/10/46 | 2,288,797 | ||||||||||||
Series - 2013 GC10 (Class D) | |||||||||||||||||
4,500,000 | g,i | GS Mortgage Securities Trust | 1.795 | 10/15/31 | 4,307,234 | ||||||||||||
Series - 2018 HART (Class A) | |||||||||||||||||
2,750,000 | g,i | GS Mortgage Securities Trust | 3.550 | 07/10/52 | 2,432,293 | ||||||||||||
Series - 2019 GC40 (Class DBC) | |||||||||||||||||
435,225 | IMC Home Equity Loan Trust (Step Bond) | 5.432 | 08/20/29 | 432,205 | |||||||||||||
Series - 1998 3 (Class A7) | |||||||||||||||||
115,096 | i | Impac CMB Trust | 1.607 | 03/25/35 | 99,306 | ||||||||||||
Series - 2004 11 (Class 2A1) |
312 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 600,000 | g | JP Morgan Chase Commercial Mortgage Securities Trust | 4.021 | % | 07/05/32 | $ | 597,002 | |||||||||
Series - 2012 HSBC (Class C) | |||||||||||||||||
2,099,173 | g | JP Morgan Chase Commercial Mortgage Securities Trust | 4.070 | 11/15/43 | 2,046,933 | ||||||||||||
Series - 2010 C2 (Class A3) | |||||||||||||||||
3,843,000 | i | JP Morgan Chase Commercial Mortgage Securities Trust | 4.079 | 01/15/46 | 3,641,165 | ||||||||||||
Series - 2013 C13 (Class C) | |||||||||||||||||
1,799,996 | g | JP Morgan Chase Commercial Mortgage Securities Trust | 4.717 | 02/15/46 | 1,819,582 | ||||||||||||
Series - 2011 C3 (Class A4) | |||||||||||||||||
2,000,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Trust | 5.013 | 02/15/46 | 2,003,052 | ||||||||||||
Series - 2011 C3 (Class B) | |||||||||||||||||
6,170,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Trust | 5.360 | 02/15/46 | 6,015,004 | ||||||||||||
Series - 2011 C3 (Class C) | |||||||||||||||||
7,862,511 | g,i | JP Morgan Mortgage Trust | 3.500 | 01/25/47 | 7,894,732 | ||||||||||||
Series - 2017 1 (Class A3) | |||||||||||||||||
5,826,087 | g,i | JP Morgan Mortgage Trust | 3.500 | 08/25/47 | 5,801,509 | ||||||||||||
Series - 2017 3 (Class 1A5) | |||||||||||||||||
6,196,608 | g,i | JP Morgan Mortgage Trust | 3.500 | 06/25/48 | 6,187,180 | ||||||||||||
Series - 2018 1 (Class A5) | |||||||||||||||||
445,626 | g,i | JP Morgan Mortgage Trust | 4.000 | 02/25/49 | 444,682 | ||||||||||||
Series - 2018 9 (Class A5) | |||||||||||||||||
4,503,863 | g,i | JP Morgan Mortgage Trust | 4.000 | 02/25/49 | 4,451,783 | ||||||||||||
Series - 2018 9 (Class A15) | |||||||||||||||||
445,119 | JPMBB Commercial Mortgage Securities Trust | 3.657 | 09/15/47 | 457,938 | |||||||||||||
Series - 2014 C23 (Class ASB) | |||||||||||||||||
1,000,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.554 | 09/15/47 | 985,331 | ||||||||||||
Series - 2014 C22 (Class B) | |||||||||||||||||
8,000,000 | g | MMAF Equipment Finance LLC | 2.010 | 12/12/24 | 7,819,829 | ||||||||||||
Series - 2019 B (Class A3) | |||||||||||||||||
1,910,069 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 3.989 | 12/15/46 | 1,868,302 | ||||||||||||
Series - 2014 C19 (Class LNC1) | |||||||||||||||||
293,096 | i | Morgan Stanley Capital I Trust | 1.772 | 08/25/34 | 280,125 | ||||||||||||
Series - 2004 HE6 (Class M1) | |||||||||||||||||
4,214,000 | g,i | Morgan Stanley Capital I Trust | 5.800 | 06/12/47 | 4,070,859 | ||||||||||||
Series - 2005 T19 (Class F) | |||||||||||||||||
3,000,000 | g,i | Morgan Stanley Capital I Trust | 5.800 | 06/12/47 | 2,861,353 | ||||||||||||
Series - 2005 T19 (Class G) | |||||||||||||||||
1,500,000 | g | Morgan Stanley Capital I Trust | 4.193 | 09/15/47 | 1,203,681 | ||||||||||||
Series - 2011 C1 (Class F) | |||||||||||||||||
495,545 | g,i | Morgan Stanley Dean Witter Capital I Trust | 7.587 | 07/15/33 | 505,775 | ||||||||||||
Series - 2001 TOP3 (Class E) | |||||||||||||||||
2,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | 3.790 | 11/15/32 | 2,430,592 | ||||||||||||
Series - 2018 285M (Class C) | |||||||||||||||||
2,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | 2.205 | 07/15/36 | 2,339,573 | ||||||||||||
Series - 2019 MILE (Class A) | |||||||||||||||||
7,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | 2.905 | 07/15/36 | 7,112,302 | ||||||||||||
Series - 2019 MILE (Class C) | |||||||||||||||||
1,000,000 | g | Natixis Commercial Mortgage Securities Trust | 2.966 | 12/15/38 | 962,817 | ||||||||||||
Series - 2020 2PAC (Class A) |
313 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,075,295 | g,i | New Residential Mortgage Loan Trust | 3.750 | % | 05/28/52 | $ | 1,105,097 | |||||||||
Series - 2015 1A (Class A3) | |||||||||||||||||
1,104,168 | g,i | New Residential Mortgage Loan Trust | 3.750 | 05/25/54 | 1,133,249 | ||||||||||||
Series - 2014 2A (Class A3) | |||||||||||||||||
623,973 | g,i | New Residential Mortgage Loan Trust | 3.750 | 11/25/54 | 645,267 | ||||||||||||
Series - 2014 3A (Class AFX3) | |||||||||||||||||
1,200,682 | g,i | New Residential Mortgage Loan Trust | 3.750 | 03/25/56 | 1,235,479 | ||||||||||||
Series - 2016 1A (Class A1) | |||||||||||||||||
1,374,872 | g,i | New Residential Mortgage Loan Trust | 4.000 | 02/25/57 | 1,423,203 | ||||||||||||
Series - 2017 1A (Class A1) | |||||||||||||||||
1,826,006 | g,i | New Residential Mortgage Loan Trust | 4.000 | 12/25/57 | 1,887,682 | ||||||||||||
Series - 2018 1A (Class A1A) | |||||||||||||||||
1,466,022 | g,i | New Residential Mortgage Loan Trust | 4.750 | 12/25/57 | 1,529,480 | ||||||||||||
Series - 2018 5A (Class A1) | |||||||||||||||||
369,519 | i | Opteum Mortgage Acceptance Corp Asset Backed Pass-Through Certificates | 1.622 | 04/25/35 | 368,537 | ||||||||||||
Series - 2005 2 (Class M2) | |||||||||||||||||
2,000,000 | g | RBS Commercial Funding, Inc Trust | 3.511 | 03/11/31 | 1,904,903 | ||||||||||||
Series - 2013 SMV (Class B) | |||||||||||||||||
1,796,219 | g | Sequoia Mortgage Trust | 4.000 | 12/25/43 | 1,813,763 | ||||||||||||
Series - 2013 12 (Class A1) | |||||||||||||||||
233,920 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 235,266 | ||||||||||||
Series - 2017 1 (Class A4) | |||||||||||||||||
4,542,000 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 4,535,087 | ||||||||||||
Series - 2017 2 (Class A10) | |||||||||||||||||
556,570 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 561,052 | ||||||||||||
Series - 2017 2 (Class A4) | |||||||||||||||||
8,846,176 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 8,886,291 | ||||||||||||
Series - 2017 3 (Class A4) | |||||||||||||||||
9,398,189 | g,i | Sequoia Mortgage Trust | 3.500 | 09/25/47 | 9,459,737 | ||||||||||||
Series - 2017 6 (Class A4) | |||||||||||||||||
27,763,815 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 27,637,143 | ||||||||||||
Series - 2018 3 (Class A4) | |||||||||||||||||
3,740,623 | g,i | Sequoia Mortgage Trust | 4.000 | 02/25/49 | 3,674,172 | ||||||||||||
Series - 2019 1 (Class A4) | |||||||||||||||||
15,769,637 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/50 | 15,869,650 | ||||||||||||
Series - 2020 1 (Class A4) | |||||||||||||||||
1,984,128 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/50 | 1,992,267 | ||||||||||||
Series - 2020 2 (Class A4) | |||||||||||||||||
4,569,755 | g,i | Shellpoint Co-Originator Trust | 3.500 | 04/25/47 | 4,577,161 | ||||||||||||
Series - 2017 1 (Class A4) | |||||||||||||||||
700,784 | g,i | Shellpoint Co-Originator Trust | 3.500 | 10/25/47 | 700,900 | ||||||||||||
Series - 2017 2 (Class A4) | |||||||||||||||||
1,423,727 | i | Structured Adjustable Rate Mortgage Loan Trust | 1.317 | 07/25/34 | 1,351,150 | ||||||||||||
Series - 2004 9XS (Class A) | |||||||||||||||||
63,834 | i | Structured Agency Credit Risk Debt Note (STACR) | 3.547 | 12/25/27 | 63,648 | ||||||||||||
Series - 2015 DNA2 (Class M2) | |||||||||||||||||
994,214 | i | STACR | 2.247 | 03/25/29 | 980,185 | ||||||||||||
Series - 2016 DNA4 (Class M2) | |||||||||||||||||
866,993 | i | STACR | 2.247 | 04/25/29 | 881,615 | ||||||||||||
Series - 2016 HQA4 (Class M2) | |||||||||||||||||
5,000,000 | i | STACR | 4.197 | 07/25/29 | 4,399,993 | ||||||||||||
Series - 2017 DNA1 (Class M2) |
314 |
TIAA-CREF FUNDS –Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 9,285,656 | i | STACR | 2.147 | % | 10/25/29 | $ | 9,041,268 | |||||||||
Series - 2017 DNA2 (Class M1) | |||||||||||||||||
5,432,096 | i | STACR | 1.697 | 03/25/30 | 5,343,324 | ||||||||||||
Series - 2017 DNA3 (Class M1) | |||||||||||||||||
1,253,038 | i | STACR | 3.297 | 04/25/30 | 1,075,725 | ||||||||||||
Series - HQA3 (Class M2) | |||||||||||||||||
1,650,978 | g,i | STACR | 3.729 | 02/25/48 | 1,640,465 | ||||||||||||
Series - 2018 SPI1 (Class M1) | |||||||||||||||||
340,643 | g,i | STACR | 4.148 | 08/25/48 | 332,608 | ||||||||||||
Series - 2018 SPI3 (Class M1) | |||||||||||||||||
3,723,000 | g,i | UBS-Citigroup Commercial Mortgage Trust | 6.051 | 01/10/45 | 3,817,531 | ||||||||||||
Series - 2011 C1 (Class B) | |||||||||||||||||
1,652,761 | g,i | Verus Securitization Trust | 4.108 | 10/25/58 | 1,620,577 | ||||||||||||
Series - 2018 3 (Class A1) | |||||||||||||||||
300,000 | g,i | VNDO Mortgage Trust | 3.947 | 12/13/29 | 296,579 | ||||||||||||
Series - 2013 PENN (Class C) | |||||||||||||||||
2,460,000 | g,i | VNDO Mortgage Trust | 3.947 | 12/13/29 | 2,432,057 | ||||||||||||
Series - 2013 PENN (Class B) | |||||||||||||||||
697,611 | i | Wachovia Bank Commercial Mortgage Trust | 5.748 | 04/15/47 | 682,766 | ||||||||||||
Series - 2007 C31 (Class F) | |||||||||||||||||
3,674,000 | Wells Fargo Commercial Mortgage Trust | 3.539 | 10/15/45 | 3,693,566 | |||||||||||||
Series - 2012 LC5 (Class AS) | |||||||||||||||||
896,000 | g,i | Wells Fargo Commercial Mortgage Trust | 4.760 | 10/15/45 | 803,988 | ||||||||||||
Series - 2012 LC5 (Class D) | |||||||||||||||||
1,928,543 | g | WFRBS Commercial Mortgage Trust | 4.375 | 03/15/44 | 1,950,278 | ||||||||||||
Series - 2011 C3 (Class A4) | |||||||||||||||||
4,500,000 | i | WFRBS Commercial Mortgage Trust | 3.714 | 03/15/45 | 4,423,501 | ||||||||||||
Series - 2013 C11 (Class B) | |||||||||||||||||
2,500,000 | i | WFRBS Commercial Mortgage Trust | 4.204 | 11/15/47 | 2,419,497 | ||||||||||||
Series - 2014 C24 (Class B) | |||||||||||||||||
TOTAL OTHER MORTGAGE BACKED | 360,908,053 | ||||||||||||||||
TOTAL STRUCTURED ASSETS | 507,093,662 | ||||||||||||||||
(Cost $531,892,788) | |||||||||||||||||
TOTAL BONDS | 1,776,398,843 | ||||||||||||||||
(Cost $1,790,688,389) | |||||||||||||||||
SHORT-TERM INVESTMENTS - 0.8% | |||||||||||||||||
GOVERNMENT AGENCY DEBT - 0.8% | |||||||||||||||||
6,000,000 | Federal Farm Credit Bank (FFCB) | 0.130 | 07/13/20 | 5,998,455 | |||||||||||||
5,320,000 | Federal Home Loan Bank (FHLB) | 0.001 | 05/18/20 | 5,319,514 | |||||||||||||
3,000,000 | FHLB | 0.080 | 07/27/20 | 2,999,123 | |||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 14,317,092 | ||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 14,317,092 | ||||||||||||||||
(Cost $14,316,982) | |||||||||||||||||
TOTAL INVESTMENTS - 100.1% | 1,812,999,643 | ||||||||||||||||
(Cost $1,829,494,995) | |||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (0.1)% | (2,653,920 | ) | |||||||||||||||
NET ASSETS - 100.0% | $ | 1,810,345,723 |
315 |
TIAA-CREF FUNDS –Short-Term Bond Fund
Abbreviation(s): | |||
LIBOR | London Interbank Offered Rate | ||
M | Month | ||
REIT | Real Estate Investment Trust | ||
† | Security is categorized as Level 3 in the fair value hierarchy. | ||
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/2020, the aggregate value of these securities is $701,189,257 or 38.7% of net assets. | ||
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. | ||
Futures contracts outstanding as of March 31, 2020 were as follows:
Description | Number of long (short) contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation) | |||||||||||||
US Long Bond (CBT) | (40 | ) | 06/19/20 | $ | (6,808,962 | ) | $ | (7,162,500 | ) | $ | (353,538 | ) | ||||||
US 10 Year Note (CBT) | (115 | ) | 06/19/20 | (15,333,344 | ) | (15,949,062 | ) | (615,718 | ) | |||||||||
Total | (155 | ) | $ | (22,142,306 | ) | $ | (23,111,562 | ) | $ | (969,256 | ) |
316 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
TIAA-CREF FUNDS
SHORT-TERM BOND INDEX FUND
SCHEDULE OF INVESTMENTS
March 31, 2020
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
BONDS - 99.4% | |||||||||||||||||
CORPORATE BONDS - 23.2% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.1% | |||||||||||||||||
$ | 200,000 | Honeywell International, Inc | 1.850 | % | 11/01/21 | $ | 200,065 | ||||||||||
100,000 | Toyota Motor Corp | 3.183 | 07/20/21 | 101,657 | |||||||||||||
250,000 | Toyota Motor Corp | 2.157 | 07/02/22 | 248,458 | |||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 550,180 | ||||||||||||||||
BANKS - 6.6% | |||||||||||||||||
400,000 | Banco Santander S.A. | 3.125 | 02/23/23 | 396,546 | |||||||||||||
300,000 | Bank of America Corp | 5.875 | 01/05/21 | 306,023 | |||||||||||||
250,000 | Bank of America Corp | 2.369 | 07/21/21 | 249,822 | |||||||||||||
300,000 | Bank of America Corp | 2.738 | 01/23/22 | 299,638 | |||||||||||||
300,000 | Bank of America Corp | 3.499 | 05/17/22 | 303,525 | |||||||||||||
200,000 | Bank of America Corp | 2.503 | 10/21/22 | 200,452 | |||||||||||||
500,000 | Bank of America Corp | 3.300 | 01/11/23 | 517,875 | |||||||||||||
1,500,000 | Bank of America Corp | 2.881 | 04/24/23 | 1,505,760 | |||||||||||||
250,000 | Bank of America NA | 3.335 | 01/25/23 | 249,808 | |||||||||||||
100,000 | Bank of Nova Scotia | 2.500 | 01/08/21 | 100,276 | |||||||||||||
298,000 | Bank of Nova Scotia | 2.450 | 03/22/21 | 298,939 | |||||||||||||
200,000 | Bank of Nova Scotia | 3.125 | 04/20/21 | 202,103 | |||||||||||||
300,000 | Bank of Nova Scotia | 2.700 | 03/07/22 | 305,661 | |||||||||||||
300,000 | Bank of Nova Scotia | 2.000 | 11/15/22 | 301,155 | |||||||||||||
150,000 | Bank of Nova Scotia | 2.375 | 01/18/23 | 150,911 | |||||||||||||
500,000 | Bank of Nova Scotia | 1.950 | 02/01/23 | 497,121 | |||||||||||||
200,000 | Bank of Nova Scotia | 4.650 | N/A‡ | 152,750 | |||||||||||||
200,000 | Barclays Bank plc | 2.650 | 01/11/21 | 199,366 | |||||||||||||
200,000 | Barclays plc | 3.250 | 01/12/21 | 198,662 | |||||||||||||
850,000 | Barclays plc | 4.610 | 02/15/23 | 864,822 | |||||||||||||
250,000 | BBVA USA | 3.500 | 06/11/21 | 248,660 | |||||||||||||
300,000 | BPCE S.A. | 2.650 | 02/03/21 | 297,395 | |||||||||||||
150,000 | Canadian Imperial Bank of Commerce | 2.700 | 02/02/21 | 150,593 | |||||||||||||
200,000 | Canadian Imperial Bank of Commerce | 2.606 | 07/22/23 | 201,662 | |||||||||||||
300,000 | Capital One NA | 2.950 | 07/23/21 | 300,838 | |||||||||||||
600,000 | Capital One NA | 2.150 | 09/06/22 | 584,956 | |||||||||||||
100,000 | CitiBank NA | 2.125 | 10/20/20 | 100,023 | |||||||||||||
500,000 | CitiBank NA | 2.850 | 02/12/21 | 502,424 | |||||||||||||
250,000 | CitiBank NA | 3.400 | 07/23/21 | 253,819 | |||||||||||||
500,000 | CitiBank NA | 2.844 | 05/20/22 | 500,802 | |||||||||||||
200,000 | Citigroup, Inc | 2.700 | 03/30/21 | 200,832 | |||||||||||||
500,000 | Citigroup, Inc | 2.750 | 04/25/22 | 502,597 | |||||||||||||
510,000 | Citigroup, Inc | 2.700 | 10/27/22 | 513,318 | |||||||||||||
100,000 | Citigroup, Inc | 2.312 | 11/04/22 | 99,410 | |||||||||||||
750,000 | Citigroup, Inc | 2.876 | 07/24/23 | 755,880 | |||||||||||||
250,000 | Citizens Bank NA | 2.250 | 10/30/20 | 250,564 | |||||||||||||
250,000 | Citizens Bank NA | 3.250 | 02/14/22 | 253,278 | |||||||||||||
200,000 | Comerica, Inc | 2.500 | 06/02/20 | 200,012 |
317 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 295,000 | Commonwealth Bank of Australia | 2.550 | % | 03/15/21 | $ | 295,330 | ||||||||||
700,000 | Cooperatieve Rabobank UA | 3.875 | 02/08/22 | 722,183 | |||||||||||||
300,000 | Cooperatieve Rabobank UA/NY | 2.500 | 01/19/21 | 300,139 | |||||||||||||
250,000 | Cooperatieve Rabobank UA/NY | 3.125 | 04/26/21 | 251,834 | |||||||||||||
250,000 | Cooperatieve Rabobank UA/NY | 2.750 | 01/10/23 | 253,374 | |||||||||||||
250,000 | Discover Bank | 3.100 | 06/04/20 | 249,625 | |||||||||||||
500,000 | Fifth Third Bank | 2.250 | 06/14/21 | 497,550 | |||||||||||||
200,000 | Fifth Third Bank | 3.350 | 07/26/21 | 201,510 | |||||||||||||
250,000 | Fifth Third Bank | 1.800 | 01/30/23 | 246,400 | |||||||||||||
250,000 | First Republic Bank | 1.912 | 02/12/24 | 239,770 | |||||||||||||
175,000 | FNB Corp | 2.200 | 02/24/23 | 171,649 | |||||||||||||
1,000,000 | HSBC Holdings plc | 2.950 | 05/25/21 | 1,006,309 | |||||||||||||
350,000 | HSBC Holdings plc | 4.000 | 03/30/22 | 359,554 | |||||||||||||
500,000 | HSBC Holdings plc | 3.262 | 03/13/23 | 500,728 | |||||||||||||
380,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 377,198 | |||||||||||||
250,000 | Huntington National Bank | 3.250 | 05/14/21 | 251,925 | |||||||||||||
250,000 | Huntington National Bank | 3.125 | 04/01/22 | 253,310 | |||||||||||||
250,000 | Huntington National Bank | 1.800 | 02/03/23 | 245,048 | |||||||||||||
200,000 | ING Groep NV | 3.150 | 03/29/22 | 200,901 | |||||||||||||
1,000,000 | JPMorgan Chase & Co | 2.400 | 06/07/21 | 1,004,785 | |||||||||||||
140,000 | JPMorgan Chase & Co | 3.250 | 09/23/22 | 144,247 | |||||||||||||
500,000 | JPMorgan Chase & Co | 3.200 | 01/25/23 | 514,387 | |||||||||||||
1,450,000 | JPMorgan Chase & Co | 3.207 | 04/01/23 | 1,477,722 | |||||||||||||
250,000 | JPMorgan Chase & Co | 2.776 | 04/25/23 | 253,163 | |||||||||||||
250,000 | KeyBank NA | 3.300 | 02/01/22 | 255,538 | |||||||||||||
250,000 | KeyBank NA | 3.375 | 03/07/23 | 255,239 | |||||||||||||
250,000 | KeyBank NA | 1.250 | 03/10/23 | 244,835 | |||||||||||||
100,000 | Lloyds Bank plc | 2.700 | 08/17/20 | 98,781 | |||||||||||||
700,000 | Lloyds Bank plc | 2.250 | 08/14/22 | 697,289 | |||||||||||||
200,000 | Lloyds Banking Group plc | 2.858 | 03/17/23 | 197,170 | |||||||||||||
100,000 | Mitsubishi UFJ Financial Group, Inc | 3.535 | 07/26/21 | 101,404 | |||||||||||||
300,000 | Mitsubishi UFJ Financial Group, Inc | 2.998 | 02/22/22 | 305,846 | |||||||||||||
300,000 | Mitsubishi UFJ Financial Group, Inc | 3.218 | 03/07/22 | 304,130 | |||||||||||||
700,000 | Mitsubishi UFJ Financial Group, Inc | 2.623 | 07/18/22 | 698,936 | |||||||||||||
300,000 | Mizuho Financial Group, Inc | 2.953 | 02/28/22 | 302,955 | |||||||||||||
250,000 | Mizuho Financial Group, Inc | 2.601 | 09/11/22 | 249,986 | |||||||||||||
200,000 | Mizuho Financial Group, Inc | 2.721 | 07/16/23 | 201,141 | |||||||||||||
250,000 | MUFG Union Bank NA | 3.150 | 04/01/22 | 249,974 | |||||||||||||
250,000 | MUFG Union Bank NA | 2.100 | 12/09/22 | 246,771 | |||||||||||||
250,000 | National Australia Bank Ltd | 2.500 | 01/12/21 | 250,349 | |||||||||||||
250,000 | National Australia Bank Ltd | 3.700 | 11/04/21 | 254,145 | |||||||||||||
500,000 | National Australia Bank Ltd | 1.875 | 12/13/22 | 497,005 | |||||||||||||
250,000 | National Bank of Canada | 2.100 | 02/01/23 | 248,787 | |||||||||||||
200,000 | Northern Trust Corp | 2.375 | 08/02/22 | 206,436 | |||||||||||||
250,000 | PNC Bank NA | 2.450 | 11/05/20 | 250,466 | |||||||||||||
250,000 | PNC Bank NA | 2.500 | 01/22/21 | 250,358 | |||||||||||||
750,000 | PNC Bank NA | 2.625 | 02/17/22 | 758,578 | |||||||||||||
250,000 | PNC Bank NA | 2.232 | 07/22/22 | 250,629 | |||||||||||||
250,000 | PNC Bank NA | 2.028 | 12/09/22 | 250,560 | |||||||||||||
250,000 | PNC Bank NA | 1.743 | 02/24/23 | 245,963 | |||||||||||||
250,000 | Regions Bank | 2.750 | 04/01/21 | 246,870 | |||||||||||||
250,000 | Regions Bank | 3.374 | 08/13/21 | 250,379 | |||||||||||||
300,000 | Royal Bank of Canada | 3.200 | 04/30/21 | 303,541 | |||||||||||||
500,000 | Royal Bank of Canada | 2.750 | 02/01/22 | 511,232 |
318 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 100,000 | Royal Bank of Canada | 2.800 | % | 04/29/22 | $ | 101,244 | ||||||||||
250,000 | Royal Bank of Canada | 1.950 | 01/17/23 | 247,471 | |||||||||||||
260,000 | Royal Bank of Scotland Group plc | 6.125 | 12/15/22 | 268,188 | |||||||||||||
300,000 | Royal Bank of Scotland Group plc | 3.498 | 05/15/23 | 296,188 | |||||||||||||
150,000 | Santander Holdings USA, Inc | 3.244 | 10/05/26 | 133,933 | |||||||||||||
200,000 | Santander UK Group Holdings plc | 2.875 | 10/16/20 | 199,922 | |||||||||||||
200,000 | Santander UK plc | 2.125 | 11/03/20 | 198,853 | |||||||||||||
200,000 | Santander UK plc | 2.500 | 01/05/21 | 194,609 | |||||||||||||
200,000 | Santander UK plc | 3.400 | 06/01/21 | 200,339 | |||||||||||||
200,000 | Santander UK plc | 3.750 | 11/15/21 | 194,649 | |||||||||||||
300,000 | Skandinaviska Enskilda Banken AB | 2.800 | 03/11/22 | 294,743 | |||||||||||||
250,000 | Sumitomo Mitsui Banking Corp | 2.650 | 07/23/20 | 248,010 | |||||||||||||
800,000 | Sumitomo Mitsui Financial Group, Inc | 2.784 | 07/12/22 | 803,649 | |||||||||||||
200,000 | Sumitomo Mitsui Financial Group, Inc | 2.778 | 10/18/22 | 202,751 | |||||||||||||
152,000 | Sumitomo Mitsui Financial Group, Inc | 3.102 | 01/17/23 | 152,185 | |||||||||||||
250,000 | Svenska Handelsbanken AB | 3.350 | 05/24/21 | 252,967 | |||||||||||||
300,000 | Svenska Handelsbanken AB | 1.875 | 09/07/21 | 293,420 | |||||||||||||
250,000 | Synchrony Bank | 3.650 | 05/24/21 | 246,893 | |||||||||||||
250,000 | Synovus Bank | 2.289 | 02/10/23 | 246,365 | |||||||||||||
100,000 | Toronto-Dominion Bank | 2.550 | 01/25/21 | 98,846 | |||||||||||||
250,000 | Toronto-Dominion Bank | 3.250 | 06/11/21 | 255,197 | |||||||||||||
400,000 | Toronto-Dominion Bank | 1.900 | 12/01/22 | 399,695 | |||||||||||||
100,000 | Truist Bank | 3.525 | 10/26/21 | 100,086 | |||||||||||||
250,000 | Truist Bank | 2.800 | 05/17/22 | 253,127 | |||||||||||||
200,000 | Truist Bank | 3.502 | 08/02/22 | 202,225 | |||||||||||||
250,000 | Truist Bank | 1.250 | 03/09/23 | 242,258 | |||||||||||||
100,000 | Truist Financial Corp | 2.150 | 02/01/21 | 99,882 | |||||||||||||
100,000 | Truist Financial Corp | 3.200 | 09/03/21 | 100,624 | |||||||||||||
300,000 | Truist Financial Corp | 2.750 | 04/01/22 | 301,916 | |||||||||||||
200,000 | Truist Financial Corp | 3.050 | 06/20/22 | 204,222 | |||||||||||||
250,000 | Truist Financial Corp | 2.200 | 03/16/23 | 250,468 | |||||||||||||
500,000 | US Bancorp | 2.625 | 01/24/22 | 506,367 | |||||||||||||
800,000 | US Bancorp | 2.950 | 07/15/22 | 815,831 | |||||||||||||
850,000 | Wells Fargo Bank NA | 2.600 | 01/15/21 | 853,708 | |||||||||||||
250,000 | Wells Fargo Bank NA | 3.325 | 07/23/21 | 250,409 | |||||||||||||
250,000 | Wells Fargo Bank NA | 3.625 | 10/22/21 | 256,836 | |||||||||||||
350,000 | Wells Fargo Bank NA | 2.897 | 05/27/22 | 351,840 | |||||||||||||
500,000 | Wells Fargo Bank NA | 2.082 | 09/09/22 | 497,636 | |||||||||||||
100,000 | Westpac Banking Corp | 2.650 | 01/25/21 | 100,358 | |||||||||||||
550,000 | Westpac Banking Corp | 2.500 | 06/28/22 | 550,127 | |||||||||||||
300,000 | Westpac Banking Corp | 2.000 | 01/13/23 | 296,557 | |||||||||||||
300,000 | Zions Bancorp NA | 3.500 | 08/27/21 | 299,649 | |||||||||||||
250,000 | Zions Bancorp NA | 3.350 | 03/04/22 | 245,122 | |||||||||||||
TOTAL BANKS | 44,731,577 | ||||||||||||||||
CAPITAL GOODS - 1.3% | |||||||||||||||||
200,000 | ABB Finance USA, Inc | 3.375 | 04/03/23 | 207,908 | |||||||||||||
100,000 | Air Lease Corp | 2.500 | 03/01/21 | 91,974 | |||||||||||||
100,000 | Air Lease Corp | 3.500 | 01/15/22 | 91,133 | |||||||||||||
350,000 | Air Lease Corp | 2.250 | 01/15/23 | 292,383 | |||||||||||||
250,000 | Aircastle Ltd | 5.125 | 03/15/21 | 248,154 | |||||||||||||
300,000 | Applied Materials, Inc | 4.300 | 06/15/21 | 309,104 | |||||||||||||
375,000 | g | Carrier Global Corp | 1.923 | 02/15/23 | 369,155 |
319 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 100,000 | Caterpillar Financial Services Corp | 2.900 | % | 03/15/21 | $ | 100,823 | ||||||||||
250,000 | Caterpillar Financial Services Corp | 2.650 | 05/17/21 | 253,120 | |||||||||||||
200,000 | Caterpillar Financial Services Corp | 3.150 | 09/07/21 | 203,525 | |||||||||||||
150,000 | Caterpillar Financial Services Corp | 2.950 | 02/26/22 | 152,806 | |||||||||||||
750,000 | Caterpillar Financial Services Corp | 1.900 | 09/06/22 | 746,892 | |||||||||||||
200,000 | CNH Industrial Capital LLC | 3.875 | 10/15/21 | 198,921 | |||||||||||||
250,000 | Eaton Corp | 2.750 | 11/02/22 | 252,649 | |||||||||||||
200,000 | Fortive Corp | 2.350 | 06/15/21 | 194,421 | |||||||||||||
660,000 | General Dynamics Corp | 3.000 | 05/11/21 | 666,910 | |||||||||||||
500,000 | General Electric Co | 4.625 | 01/07/21 | 504,633 | |||||||||||||
300,000 | General Electric Co | 4.650 | 10/17/21 | 305,835 | |||||||||||||
550,000 | General Electric Co | 2.700 | 10/09/22 | 540,973 | |||||||||||||
100,000 | Ingersoll-Rand Global Holding Co Ltd | 2.900 | 02/21/21 | 99,145 | |||||||||||||
100,000 | John Deere Capital Corp | 2.350 | 01/08/21 | 100,160 | |||||||||||||
500,000 | John Deere Capital Corp | 2.550 | 01/08/21 | 501,668 | |||||||||||||
200,000 | John Deere Capital Corp | 2.300 | 06/07/21 | 200,852 | |||||||||||||
100,000 | John Deere Capital Corp | 3.125 | 09/10/21 | 101,563 | |||||||||||||
100,000 | John Deere Capital Corp | 3.200 | 01/10/22 | 102,151 | |||||||||||||
250,000 | John Deere Capital Corp | 2.950 | 04/01/22 | 255,300 | |||||||||||||
100,000 | John Deere Capital Corp | 1.950 | 06/13/22 | 99,856 | |||||||||||||
250,000 | John Deere Capital Corp | 2.700 | 01/06/23 | 252,747 | |||||||||||||
125,000 | John Deere Capital Corp | 1.200 | 04/06/23 | 122,375 | |||||||||||||
250,000 | Lockheed Martin Corp | 3.100 | 01/15/23 | 253,549 | |||||||||||||
120,000 | Mosaic Co | 3.250 | 11/15/22 | 117,567 | |||||||||||||
200,000 | Northrop Grumman Corp | 2.080 | 10/15/20 | 199,230 | |||||||||||||
160,000 | Raytheon Co | 2.500 | 12/15/22 | 163,710 | |||||||||||||
200,000 | Rockwell Collins, Inc | 2.800 | 03/15/22 | 202,048 | |||||||||||||
100,000 | Roper Technologies, Inc | 3.000 | 12/15/20 | 100,032 | |||||||||||||
200,000 | Stanley Black & Decker, Inc | 2.900 | 11/01/22 | 199,989 | |||||||||||||
TOTAL CAPITAL GOODS | 8,803,261 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.2% | |||||||||||||||||
200,000 | eBay, Inc | 2.875 | 08/01/21 | 198,146 | |||||||||||||
200,000 | eBay, Inc | 3.800 | 03/09/22 | 202,846 | |||||||||||||
100,000 | Equifax, Inc | 3.600 | 08/15/21 | 99,734 | |||||||||||||
100,000 | Moody’s Corp | 3.250 | 06/07/21 | 100,045 | |||||||||||||
200,000 | Republic Services, Inc | 5.250 | 11/15/21 | 211,658 | |||||||||||||
180,000 | Visa, Inc | 2.150 | 09/15/22 | 184,106 | |||||||||||||
300,000 | Visa, Inc | 2.800 | 12/14/22 | 312,036 | |||||||||||||
150,000 | Waste Management, Inc | 4.600 | 03/01/21 | 149,209 | |||||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 1,457,780 | ||||||||||||||||
CONSUMER DURABLES & APPAREL - 0.0% | |||||||||||||||||
100,000 | DR Horton, Inc | 2.550 | 12/01/20 | 98,609 | |||||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 98,609 | ||||||||||||||||
CONSUMER SERVICES - 0.1% | |||||||||||||||||
250,000 | Marriott International, Inc | 3.125 | 10/15/21 | 224,393 | |||||||||||||
200,000 | Marriott International, Inc | 2.125 | 10/03/22 | 179,956 | |||||||||||||
300,000 | McDonald’s Corp | 2.625 | 01/15/22 | 303,264 | |||||||||||||
200,000 | Starbucks Corp | 3.100 | 03/01/23 | 205,670 | |||||||||||||
TOTAL CONSUMER SERVICES | 913,283 |
320 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
DIVERSIFIED FINANCIALS - 4.1% | |||||||||||||||||
$ | 300,000 | AerCap Ireland Capital DAC | 4.250 | % | 07/01/20 | $ | 295,949 | ||||||||||
200,000 | AerCap Ireland Capital DAC | 5.000 | 10/01/21 | 179,408 | |||||||||||||
150,000 | AerCap Ireland Capital DAC | 4.450 | 12/16/21 | 133,704 | |||||||||||||
300,000 | AerCap Ireland Capital DAC | 3.950 | 02/01/22 | 261,336 | |||||||||||||
300,000 | Ally Financial, Inc | 4.125 | 02/13/22 | 294,594 | |||||||||||||
125,000 | American Express Co | 3.000 | 02/22/21 | 125,830 | |||||||||||||
300,000 | American Express Co | 3.375 | 05/17/21 | 303,471 | |||||||||||||
200,000 | American Express Co | 3.700 | 11/05/21 | 206,259 | |||||||||||||
190,000 | American Express Co | 2.650 | 12/02/22 | 192,197 | |||||||||||||
300,000 | American Express Co | 3.400 | 02/27/23 | 310,776 | |||||||||||||
100,000 | American Honda Finance Corp | 3.150 | 01/08/21 | 100,500 | |||||||||||||
100,000 | American Honda Finance Corp | 2.650 | 02/12/21 | 99,984 | |||||||||||||
200,000 | American Honda Finance Corp | 3.375 | 12/10/21 | 201,248 | |||||||||||||
250,000 | American Honda Finance Corp | 1.950 | 05/20/22 | 246,294 | |||||||||||||
100,000 | Ameriprise Financial, Inc | 3.000 | 03/22/22 | 101,229 | |||||||||||||
250,000 | Australia & New Zealand Banking Group Ltd | 3.300 | 05/17/21 | 252,295 | |||||||||||||
300,000 | Australia & New Zealand Banking Group Ltd | 2.625 | 05/19/22 | 304,348 | |||||||||||||
250,000 | Australia & New Zealand Banking Group Ltd | 2.050 | 11/21/22 | 250,372 | |||||||||||||
125,000 | Bank of Montreal | 3.100 | 04/13/21 | 126,385 | |||||||||||||
500,000 | Bank of Montreal | 2.900 | 03/26/22 | 506,292 | |||||||||||||
500,000 | Bank of Montreal | 2.050 | 11/01/22 | 500,113 | |||||||||||||
300,000 | Bank of New York Mellon Corp | 2.500 | 04/15/21 | 299,825 | |||||||||||||
300,000 | Bank of New York Mellon Corp | 2.600 | 02/07/22 | 302,458 | |||||||||||||
100,000 | Bank of New York Mellon Corp | 1.950 | 08/23/22 | 100,541 | |||||||||||||
250,000 | Bank of New York Mellon Corp | 1.850 | 01/27/23 | 251,071 | |||||||||||||
500,000 | Bank of New York Mellon Corp | 2.661 | 05/16/23 | 501,864 | |||||||||||||
200,000 | Berkshire Hathaway, Inc | 2.200 | 03/15/21 | 201,388 | |||||||||||||
200,000 | BlackRock, Inc | 3.375 | 06/01/22 | 206,395 | |||||||||||||
250,000 | BNP Paribas S.A. | 5.000 | 01/15/21 | 254,892 | |||||||||||||
475,000 | Capital One Bank USA NA | 2.014 | 01/27/23 | 463,899 | |||||||||||||
330,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 322,855 | |||||||||||||
100,000 | Capital One Financial Corp | 3.450 | 04/30/21 | 100,163 | |||||||||||||
100,000 | Celanese US Holdings LLC | 4.625 | 11/15/22 | 97,336 | |||||||||||||
200,000 | Charles Schwab Corp | 3.250 | 05/21/21 | 201,474 | |||||||||||||
750,000 | Credit Suisse AG. | 2.100 | 11/12/21 | 746,600 | |||||||||||||
651,000 | Credit Suisse Group Funding Guernsey Ltd | 3.125 | 12/10/20 | 650,352 | |||||||||||||
250,000 | Credit Suisse Group Funding Guernsey Ltd | 3.450 | 04/16/21 | 251,581 | |||||||||||||
100,000 | Deutsche Bank AG. | 2.700 | 07/13/20 | 98,037 | |||||||||||||
200,000 | Deutsche Bank AG. | 3.125 | 01/13/21 | 195,698 | |||||||||||||
300,000 | Deutsche Bank AG. | 3.150 | 01/22/21 | 293,085 | |||||||||||||
650,000 | Deutsche Bank AG. | 4.250 | 02/04/21 | 624,184 | |||||||||||||
150,000 | Deutsche Bank AG. | 5.000 | 02/14/22 | 147,924 | |||||||||||||
350,000 | Deutsche Bank AG. | 3.300 | 11/16/22 | 327,837 | |||||||||||||
200,000 | Diageo Investment Corp | 2.875 | 05/11/22 | 201,591 | |||||||||||||
140,000 | Discover Financial Services | 3.850 | 11/21/22 | 142,871 | |||||||||||||
500,000 | GE Capital International Funding Co | 2.342 | 11/15/20 | 497,170 | |||||||||||||
300,000 | General Motors Financial Co, Inc | 2.650 | 04/13/20 | 299,767 | |||||||||||||
100,000 | General Motors Financial Co, Inc | 2.450 | 11/06/20 | 97,039 | |||||||||||||
300,000 | General Motors Financial Co, Inc | 4.200 | 03/01/21 | 288,720 | |||||||||||||
400,000 | General Motors Financial Co, Inc | 3.550 | 04/09/21 | 383,266 | |||||||||||||
250,000 | General Motors Financial Co, Inc | 4.200 | 11/06/21 | 237,690 | |||||||||||||
650,000 | General Motors Financial Co, Inc | 3.550 | 07/08/22 | 600,515 |
321 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 300,000 | General Motors Financial Co, Inc | 3.250 | % | 01/05/23 | $ | 277,510 | ||||||||||
200,000 | Goldman Sachs Group, Inc | 2.600 | 12/27/20 | 200,010 | |||||||||||||
300,000 | Goldman Sachs Group, Inc | 2.875 | 02/25/21 | 301,058 | |||||||||||||
1,000,000 | Goldman Sachs Group, Inc | 5.750 | 01/24/22 | 1,061,020 | |||||||||||||
250,000 | Goldman Sachs Group, Inc | 3.000 | 04/26/22 | 251,803 | |||||||||||||
840,000 | Goldman Sachs Group, Inc | 3.200 | 02/23/23 | 857,154 | |||||||||||||
150,000 | IBM Credit LLC | 3.450 | 11/30/20 | 151,611 | |||||||||||||
150,000 | IBM Credit LLC | 2.650 | 02/05/21 | 150,339 | |||||||||||||
300,000 | Intercontinental Exchange, Inc | 2.750 | 12/01/20 | 300,375 | |||||||||||||
300,000 | International Lease Finance Corp | 5.875 | 08/15/22 | 268,192 | |||||||||||||
250,000 | Jefferies Group LLC | 5.125 | 01/20/23 | 254,514 | |||||||||||||
750,000 | Landwirtschaftliche Rentenbank | 1.750 | 09/24/21 | 763,356 | |||||||||||||
750,000 | Morgan Stanley | 2.800 | 06/16/20 | 749,895 | |||||||||||||
800,000 | Morgan Stanley | 5.500 | 07/28/21 | 830,512 | |||||||||||||
500,000 | Morgan Stanley | 2.750 | 05/19/22 | 505,298 | |||||||||||||
980,000 | Morgan Stanley | 3.125 | 01/23/23 | 1,002,306 | |||||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 1.750 | 01/21/22 | 200,225 | |||||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 2.400 | 04/25/22 | 195,608 | |||||||||||||
250,000 | Oesterreichische Kontrollbank AG. | 1.500 | 10/21/20 | 251,051 | |||||||||||||
125,000 | Oesterreichische Kontrollbank AG. | 2.875 | 09/07/21 | 128,961 | |||||||||||||
250,000 | Oesterreichische Kontrollbank AG. | 2.625 | 01/31/22 | 258,930 | |||||||||||||
300,000 | Oesterreichische Kontrollbank AG. | 1.625 | 09/17/22 | 307,199 | |||||||||||||
100,000 | PACCAR Financial Corp | 3.150 | 08/09/21 | 98,842 | |||||||||||||
100,000 | PACCAR Financial Corp | 2.850 | 03/01/22 | 99,540 | |||||||||||||
100,000 | PACCAR Financial Corp | 2.650 | 05/10/22 | 99,992 | |||||||||||||
200,000 | PACCAR Financial Corp | 2.000 | 09/26/22 | 196,960 | |||||||||||||
250,000 | Shire Acquisitions Investments Ireland DAC | 2.400 | 09/23/21 | 249,064 | |||||||||||||
300,000 | State Street Corp | 2.653 | 05/15/23 | 295,372 | |||||||||||||
100,000 | Synchrony Financial | 2.850 | 07/25/22 | 95,263 | |||||||||||||
100,000 | Toyota Motor Credit Corp | 3.050 | 01/08/21 | 100,404 | |||||||||||||
200,000 | Toyota Motor Credit Corp | 3.400 | 09/15/21 | 203,390 | |||||||||||||
300,000 | Toyota Motor Credit Corp | 1.800 | 10/07/21 | 297,010 | |||||||||||||
250,000 | Toyota Motor Credit Corp | 2.600 | 01/11/22 | 250,595 | |||||||||||||
200,000 | Unilever Capital Corp | 2.750 | 03/22/21 | 202,275 | |||||||||||||
100,000 | Unilever Capital Corp | 3.000 | 03/07/22 | 103,333 | |||||||||||||
300,000 | Wells Fargo & Co | 3.000 | 01/22/21 | 302,767 | |||||||||||||
1,100,000 | Wells Fargo & Co | 2.625 | 07/22/22 | 1,112,847 | |||||||||||||
500,000 | Wells Fargo & Co | 3.069 | 01/24/23 | 508,220 | |||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 27,863,473 | ||||||||||||||||
ENERGY - 1.4% | |||||||||||||||||
180,000 | Baker Hughes a GE Co LLC | 2.773 | 12/15/22 | 171,331 | |||||||||||||
610,000 | BP Capital Markets America, Inc | 3.245 | 05/06/22 | 619,424 | |||||||||||||
400,000 | BP Capital Markets plc | 3.561 | 11/01/21 | 404,822 | |||||||||||||
250,000 | Canadian Natural Resources Ltd | 2.950 | 01/15/23 | 216,570 | |||||||||||||
500,000 | Chevron Corp | 2.498 | 03/03/22 | 507,360 | |||||||||||||
160,000 | Chevron Corp | 2.355 | 12/05/22 | 162,147 | |||||||||||||
200,000 | Continental Resources, Inc | 5.000 | 09/15/22 | 123,985 | |||||||||||||
200,000 | Enbridge, Inc | 2.900 | 07/15/22 | 183,662 | |||||||||||||
600,000 | Energy Transfer Operating LP | 5.200 | 02/01/22 | 564,620 | |||||||||||||
200,000 | Enterprise Products Operating LLC | 5.200 | 09/01/20 | 198,036 | |||||||||||||
100,000 | Enterprise Products Operating LLC | 2.800 | 02/15/21 | 99,862 | |||||||||||||
300,000 | Enterprise Products Operating LLC | 3.500 | 02/01/22 | 295,943 | |||||||||||||
200,000 | EOG Resources, Inc | 4.100 | 02/01/21 | 201,136 |
322 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 200,000 | Exxon Mobil Corp | 2.222 | % | 03/01/21 | $ | 202,315 | ||||||||||
375,000 | Exxon Mobil Corp | 1.902 | 08/16/22 | 379,721 | |||||||||||||
450,000 | Kinder Morgan Energy Partners LP | 3.950 | 09/01/22 | 445,877 | |||||||||||||
400,000 | Magellan Midstream Partners LP | 4.250 | 02/01/21 | 397,965 | |||||||||||||
150,000 | Marathon Oil Corp | 2.800 | 11/01/22 | 114,812 | |||||||||||||
200,000 | Marathon Petroleum Corp | 5.125 | 03/01/21 | 193,912 | |||||||||||||
200,000 | National Oilwell Varco, Inc | 2.600 | 12/01/22 | 180,478 | |||||||||||||
200,000 | Newfield Exploration Co | 5.750 | 01/30/22 | 136,178 | |||||||||||||
400,000 | Petroleos Mexicanos | 3.500 | 01/30/23 | 326,000 | |||||||||||||
250,000 | Phillips 66 | 4.300 | 04/01/22 | 250,904 | |||||||||||||
200,000 | Plains All American Pipeline LP | 3.650 | 06/01/22 | 182,752 | |||||||||||||
250,000 | Sabine Pass Liquefaction LLC | 5.625 | 02/01/21 | 245,953 | |||||||||||||
200,000 | Sabine Pass Liquefaction LLC | 5.625 | 04/15/23 | 186,086 | |||||||||||||
250,000 | Shell International Finance BV | 1.875 | 05/10/21 | 248,813 | |||||||||||||
250,000 | Shell International Finance BV | 1.750 | 09/12/21 | 248,772 | |||||||||||||
300,000 | Shell International Finance BV | 2.250 | 01/06/23 | 300,853 | |||||||||||||
300,000 | Total Capital International S.A. | 2.218 | 07/12/21 | 300,717 | |||||||||||||
300,000 | Total Capital International S.A. | 2.875 | 02/17/22 | 301,536 | |||||||||||||
200,000 | TransCanada PipeLines Ltd | 2.500 | 08/01/22 | 195,032 | |||||||||||||
500,000 | Williams Partners LP | 3.600 | 03/15/22 | 484,625 | |||||||||||||
TOTAL ENERGY | 9,072,199 | ||||||||||||||||
FOOD & STAPLES RETAILING - 0.4% | |||||||||||||||||
400,000 | Costco Wholesale Corp | 2.150 | 05/18/21 | 403,318 | |||||||||||||
200,000 | CVS Health Corp | 3.350 | 03/09/21 | 201,380 | |||||||||||||
670,000 | CVS Health Corp | 3.500 | 07/20/22 | 687,173 | |||||||||||||
300,000 | Kroger Co | 2.800 | 08/01/22 | 304,163 | |||||||||||||
200,000 | SYSCO Corp | 2.600 | 06/12/22 | 192,437 | |||||||||||||
200,000 | Walgreen Co | 3.100 | 09/15/22 | 200,351 | |||||||||||||
200,000 | Walgreens Boots Alliance, Inc | 3.300 | 11/18/21 | 202,891 | |||||||||||||
200,000 | Walmart, Inc | 3.125 | 06/23/21 | 204,149 | |||||||||||||
260,000 | Walmart, Inc | 2.350 | 12/15/22 | 268,118 | |||||||||||||
TOTAL FOOD & STAPLES RETAILING | 2,663,980 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 1.0% | |||||||||||||||||
200,000 | Altria Group, Inc | 4.750 | 05/05/21 | 202,425 | |||||||||||||
150,000 | Altria Group, Inc | 3.490 | 02/14/22 | 151,642 | |||||||||||||
200,000 | Altria Group, Inc | 2.850 | 08/09/22 | 200,920 | |||||||||||||
625,000 | Anheuser-Busch InBev Finance, Inc | 3.300 | 02/01/23 | 643,126 | |||||||||||||
80,000 | Anheuser-Busch InBev Worldwide, Inc | 2.500 | 07/15/22 | 80,242 | |||||||||||||
100,000 | Archer-Daniels-Midland Co | 3.375 | 03/15/22 | 102,218 | |||||||||||||
200,000 | Bunge Ltd | 3.500 | 11/24/20 | 201,657 | |||||||||||||
450,000 | Coca-Cola Co | 1.550 | 09/01/21 | 450,363 | |||||||||||||
100,000 | ConAgra Brands, Inc | 3.800 | 10/22/21 | 100,779 | |||||||||||||
250,000 | ConAgra Brands, Inc | 3.200 | 01/25/23 | 246,770 | |||||||||||||
100,000 | Constellation Brands, Inc | 2.250 | 11/06/20 | 99,439 | |||||||||||||
200,000 | Constellation Brands, Inc | 2.650 | 11/07/22 | 191,129 | |||||||||||||
100,000 | General Mills, Inc | 3.200 | 04/16/21 | 100,942 | |||||||||||||
200,000 | General Mills, Inc | 2.600 | 10/12/22 | 202,060 | |||||||||||||
100,000 | Hershey Co | 3.100 | 05/15/21 | 99,830 | |||||||||||||
200,000 | JM Smucker Co | 3.000 | 03/15/22 | 203,088 | |||||||||||||
200,000 | Keurig Dr Pepper, Inc | 3.551 | 05/25/21 | 202,319 | |||||||||||||
40,000 | Kraft Heinz Foods Co | 2.800 | 07/02/20 | 39,703 |
323 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 110,000 | McCormick & Co, Inc | 2.700 | % | 08/15/22 | $ | 110,284 | ||||||||||
138,000 | Mead Johnson Nutrition Co | 3.000 | 11/15/20 | 137,733 | |||||||||||||
250,000 | Molson Coors Brewing Co | 3.500 | 05/01/22 | 250,769 | |||||||||||||
200,000 | PepsiCo, Inc | 2.000 | 04/15/21 | 200,423 | |||||||||||||
300,000 | PepsiCo, Inc | 3.100 | 07/17/22 | 311,997 | |||||||||||||
300,000 | Philip Morris International, Inc | 2.900 | 11/15/21 | 302,184 | |||||||||||||
250,000 | Philip Morris International, Inc | 2.375 | 08/17/22 | 254,617 | |||||||||||||
200,000 | Reynolds American, Inc | 3.250 | 06/12/20 | 199,400 | |||||||||||||
440,000 | Reynolds American, Inc | 4.000 | 06/12/22 | 445,599 | |||||||||||||
300,000 | Tyson Foods, Inc | 4.500 | 06/15/22 | 310,142 | |||||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 6,041,800 | ||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.5% | |||||||||||||||||
100,000 | Anthem, Inc | 2.500 | 11/21/20 | 99,640 | |||||||||||||
300,000 | Anthem, Inc | 2.950 | 12/01/22 | 306,340 | |||||||||||||
400,000 | Becton Dickinson & Co | 2.404 | 06/05/20 | 398,755 | |||||||||||||
300,000 | Becton Dickinson & Co | 2.894 | 06/06/22 | 300,247 | |||||||||||||
250,000 | Cardinal Health, Inc | 2.616 | 06/15/22 | 251,077 | |||||||||||||
200,000 | Cigna Corp | 3.200 | 09/17/20 | 200,288 | |||||||||||||
300,000 | Cigna Corp | 3.400 | 09/17/21 | 304,481 | |||||||||||||
200,000 | Laboratory Corp of America Holdings | 3.750 | 08/23/22 | 206,228 | |||||||||||||
197,000 | Medtronic, Inc | 3.150 | 03/15/22 | 204,239 | |||||||||||||
100,000 | Stryker Corp | 2.625 | 03/15/21 | 100,138 | |||||||||||||
100,000 | UnitedHealth Group, Inc | 1.950 | 10/15/20 | 99,983 | |||||||||||||
200,000 | UnitedHealth Group, Inc | 3.150 | 06/15/21 | 203,253 | |||||||||||||
500,000 | UnitedHealth Group, Inc | 2.875 | 03/15/22 | 513,722 | |||||||||||||
100,000 | UnitedHealth Group, Inc | 2.375 | 10/15/22 | 101,577 | |||||||||||||
150,000 | Zimmer Biomet Holdings, Inc | 3.150 | 04/01/22 | 149,984 | |||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 3,439,952 | ||||||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS - 0.2% | |||||||||||||||||
750,000 | Colgate-Palmolive Co | 1.950 | 02/01/23 | 761,021 | |||||||||||||
200,000 | Ecolab, Inc | 4.350 | 12/08/21 | 205,939 | |||||||||||||
200,000 | Ecolab, Inc | 2.375 | 08/10/22 | 203,700 | |||||||||||||
300,000 | Procter & Gamble Co | 2.300 | 02/06/22 | 306,787 | |||||||||||||
200,000 | Procter & Gamble Co | 2.150 | 08/11/22 | 204,084 | |||||||||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 1,681,531 | ||||||||||||||||
INSURANCE - 0.4% | |||||||||||||||||
150,000 | Aetna, Inc | 2.750 | 11/15/22 | 150,901 | |||||||||||||
300,000 | American International Group, Inc | 3.300 | 03/01/21 | 300,222 | |||||||||||||
300,000 | American International Group, Inc | 4.875 | 06/01/22 | 310,153 | |||||||||||||
200,000 | Aon Corp | 2.200 | 11/15/22 | 199,020 | |||||||||||||
300,000 | Aon plc | 2.800 | 03/15/21 | 300,125 | |||||||||||||
250,000 | Berkshire Hathaway Finance Corp | 3.000 | 05/15/22 | 261,001 | |||||||||||||
200,000 | Chubb INA Holdings, Inc | 2.300 | 11/03/20 | 200,215 | |||||||||||||
100,000 | Humana, Inc | 2.500 | 12/15/20 | 99,553 | |||||||||||||
100,000 | Marsh & McLennan Cos, Inc | 3.500 | 12/29/20 | 100,741 | |||||||||||||
300,000 | Prudential Financial, Inc | 5.875 | 09/15/42 | 291,000 | |||||||||||||
200,000 | Travelers Cos, Inc | 3.900 | 11/01/20 | 201,665 | |||||||||||||
100,000 | WR Berkley Corp | 5.375 | 09/15/20 | 100,176 | |||||||||||||
TOTAL INSURANCE | 2,514,772 |
324 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
MATERIALS - 0.4% | |||||||||||||||||
$ | 100,000 | 3M Co | 3.000 | % | 09/14/21 | $ | 102,319 | ||||||||||
100,000 | 3M Co | 2.750 | 03/01/22 | 100,678 | |||||||||||||
500,000 | 3M Co | 1.750 | 02/14/23 | 501,766 | |||||||||||||
500,000 | BHP Billiton Finance USA Ltd | 2.875 | 02/24/22 | 480,520 | |||||||||||||
200,000 | Domtar Corp | 4.400 | 04/01/22 | 204,642 | |||||||||||||
100,000 | Eastman Chemical Co | 3.500 | 12/01/21 | 102,956 | |||||||||||||
100,000 | International Flavors & Fragrances, Inc | 3.400 | 09/25/20 | 100,449 | |||||||||||||
500,000 | LyondellBasell Industries NV | 6.000 | 11/15/21 | 517,839 | |||||||||||||
100,000 | Praxair, Inc | 2.250 | 09/24/20 | 99,935 | |||||||||||||
200,000 | Praxair, Inc | 2.200 | 08/15/22 | 200,907 | |||||||||||||
15,000 | Sherwin-Williams Co | 2.750 | 06/01/22 | 14,965 | |||||||||||||
TOTAL MATERIALS | 2,426,976 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 0.5% | |||||||||||||||||
200,000 | Charter Communications Operating LLC | 3.579 | 07/23/20 | 199,378 | |||||||||||||
390,000 | Charter Communications Operating LLC | 4.464 | 07/23/22 | 402,833 | |||||||||||||
300,000 | Comcast Corp | 1.625 | 01/15/22 | �� | 300,708 | ||||||||||||
400,000 | Comcast Corp | 2.750 | 03/01/23 | 411,256 | |||||||||||||
200,000 | DH Europe Finance II Sarl | 2.050 | 11/15/22 | 196,137 | |||||||||||||
100,000 | Discovery Communications LLC | 3.500 | 06/15/22 | 101,776 | |||||||||||||
100,000 | Fox Corp | 3.666 | 01/25/22 | 102,131 | |||||||||||||
100,000 | Interpublic Group of Cos, Inc | 3.500 | 10/01/20 | 98,482 | |||||||||||||
100,000 | Interpublic Group of Cos, Inc | 3.750 | 10/01/21 | 100,947 | |||||||||||||
250,000 | Time Warner Cable LLC | 4.000 | 09/01/21 | 250,462 | |||||||||||||
250,000 | ViacomCBS, Inc | 2.500 | 02/15/23 | 245,645 | |||||||||||||
200,000 | Walt Disney Co | 4.500 | 02/15/21 | 205,062 | |||||||||||||
300,000 | Walt Disney Co | 2.550 | 02/15/22 | 303,759 | |||||||||||||
200,000 | WPP Finance 2010 | 3.625 | 09/07/22 | 198,883 | |||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 3,117,459 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.3% | |||||||||||||||||
450,000 | AbbVie, Inc | 2.500 | 05/14/20 | 450,031 | |||||||||||||
400,000 | AbbVie, Inc | 3.375 | 11/14/21 | 407,732 | |||||||||||||
750,000 | g | AbbVie, Inc | 2.150 | 11/19/21 | 746,941 | ||||||||||||
750,000 | g | AbbVie, Inc | 2.300 | 11/21/22 | 749,310 | ||||||||||||
300,000 | Actavis Funding SCS | 3.450 | 03/15/22 | 311,438 | |||||||||||||
414,286 | Amgen, Inc | 3.875 | 11/15/21 | 415,016 | |||||||||||||
300,000 | Amgen, Inc | 2.650 | 05/11/22 | 303,478 | |||||||||||||
200,000 | AstraZeneca plc | 2.375 | 06/12/22 | 201,481 | |||||||||||||
150,000 | Biogen, Inc | 3.625 | 09/15/22 | 154,019 | |||||||||||||
250,000 | g | Bristol-Myers Squibb Co | 2.550 | 05/14/21 | 252,921 | ||||||||||||
500,000 | g | Bristol-Myers Squibb Co | 2.600 | 05/16/22 | 510,186 | ||||||||||||
200,000 | Gilead Sciences, Inc | 2.550 | 09/01/20 | 200,597 | |||||||||||||
300,000 | Gilead Sciences, Inc | 4.400 | 12/01/21 | 309,782 | |||||||||||||
200,000 | Gilead Sciences, Inc | 1.950 | 03/01/22 | 197,277 | |||||||||||||
500,000 | GlaxoSmithKline Capital plc | 2.875 | 06/01/22 | 511,609 | |||||||||||||
250,000 | Johnson & Johnson | 1.650 | 03/01/21 | 250,948 | |||||||||||||
300,000 | Merck & Co, Inc | 3.875 | 01/15/21 | 303,532 | |||||||||||||
250,000 | Merck & Co, Inc | 2.400 | 09/15/22 | 253,922 | |||||||||||||
20,000 | Mylan NV | 3.750 | 12/15/20 | 19,877 | |||||||||||||
300,000 | Mylan NV | 3.150 | 06/15/21 | 297,236 |
325 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 300,000 | Novartis Capital Corp | 2.400 | % | 09/21/22 | $ | 308,085 | ||||||||||
100,000 | Pfizer, Inc | 3.000 | 09/15/21 | 102,566 | |||||||||||||
500,000 | Pfizer, Inc | �� | 2.800 | 03/11/22 | 510,484 | ||||||||||||
300,000 | Sanofi | 4.000 | 03/29/21 | 305,199 | |||||||||||||
500,000 | Takeda Pharmaceutical Co Ltd | 4.000 | 11/26/21 | 506,416 | |||||||||||||
300,000 | Watson Pharmaceuticals, Inc | 3.250 | 10/01/22 | 300,765 | |||||||||||||
100,000 | Zoetis, Inc | 3.250 | 08/20/21 | 101,350 | |||||||||||||
200,000 | Zoetis, Inc | 3.250 | 02/01/23 | 204,446 | |||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 9,186,644 | ||||||||||||||||
REAL ESTATE - 0.4% | |||||||||||||||||
250,000 | American Tower Corp | 3.300 | 02/15/21 | 249,953 | |||||||||||||
500,000 | American Tower Corp | 4.700 | 03/15/22 | 507,702 | |||||||||||||
100,000 | AvalonBay Communities, Inc | 2.950 | 09/15/22 | 95,820 | |||||||||||||
200,000 | Boston Properties LP | 4.125 | 05/15/21 | 201,425 | |||||||||||||
200,000 | Crown Castle International Corp | 2.250 | 09/01/21 | 197,199 | |||||||||||||
110,000 | Crown Castle International Corp | 4.875 | 04/15/22 | 115,481 | |||||||||||||
300,000 | Crown Castle International Corp | 5.250 | 01/15/23 | 318,169 | |||||||||||||
200,000 | Digital Realty Trust LP | 3.625 | 10/01/22 | 204,040 | |||||||||||||
200,000 | Duke Realty LP | 3.875 | 10/15/22 | 207,240 | |||||||||||||
100,000 | HCP, Inc | 3.150 | 08/01/22 | 100,115 | |||||||||||||
100,000 | Hospitality Properties Trust | 5.000 | 08/15/22 | 71,546 | |||||||||||||
100,000 | Kimco Realty Corp | 3.400 | 11/01/22 | 98,921 | |||||||||||||
200,000 | Simon Property Group LP | 2.625 | 06/15/22 | 196,929 | |||||||||||||
200,000 | Weyerhaeuser Co | 4.700 | 03/15/21 | 201,832 | |||||||||||||
TOTAL REAL ESTATE | 2,766,372 | ||||||||||||||||
RETAILING - 0.3% | |||||||||||||||||
200,000 | Alibaba Group Holding Ltd | 3.125 | 11/28/21 | 202,611 | |||||||||||||
200,000 | Amazon.com, Inc | 3.300 | 12/05/21 | 206,868 | |||||||||||||
150,000 | Amazon.com, Inc | 2.500 | 11/29/22 | 154,891 | |||||||||||||
100,000 | AutoZone, Inc | 4.000 | 11/15/20 | 99,977 | |||||||||||||
500,000 | Home Depot, Inc | 3.250 | 03/01/22 | 517,177 | |||||||||||||
400,000 | Lowe’s Cos, Inc | 3.750 | 04/15/21 | 403,289 | |||||||||||||
112,000 | Macy’s Retail Holdings, Inc | 3.875 | 01/15/22 | 80,058 | |||||||||||||
200,000 | Nordstrom, Inc | 4.000 | 10/15/21 | 193,496 | |||||||||||||
200,000 | O’Reilly Automotive, Inc | 3.800 | 09/01/22 | 201,146 | |||||||||||||
250,000 | Target Corp | 2.900 | 01/15/22 | 252,423 | |||||||||||||
TOTAL RETAILING | 2,311,936 | ||||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.3% | |||||||||||||||||
100,000 | Analog Devices, Inc | 2.950 | 01/12/21 | 100,108 | |||||||||||||
350,000 | g | Broadcom, Inc | 3.125 | 04/15/21 | 345,710 | ||||||||||||
500,000 | g | Broadcom, Inc | 3.125 | 10/15/22 | 495,078 | ||||||||||||
350,000 | Intel Corp | 1.700 | 05/19/21 | 349,996 | |||||||||||||
200,000 | Intel Corp | 3.100 | 07/29/22 | 207,560 | |||||||||||||
300,000 | Intel Corp | 2.700 | 12/15/22 | 312,118 | |||||||||||||
200,000 | Texas Instruments, Inc | 1.850 | 05/15/22 | 203,864 | |||||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 2,014,434 | ||||||||||||||||
SOFTWARE & SERVICES - 0.6% | |||||||||||||||||
100,000 | Adobe, Inc | 1.700 | 02/01/23 | 101,195 | |||||||||||||
100,000 | Baidu, Inc | 3.000 | 06/30/20 | 100,129 |
326 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 200,000 | Baidu, Inc | 3.500 | % | 11/28/22 | $ | 203,134 | ||||||||||
150,000 | CA, Inc | 3.600 | 08/15/22 | 140,709 | |||||||||||||
200,000 | Fiserv, Inc | 3.500 | 10/01/22 | 201,403 | |||||||||||||
840,000 | International Business Machines Corp | 2.850 | 05/13/22 | 862,828 | |||||||||||||
400,000 | Microsoft Corp | 1.550 | 08/08/21 | 402,722 | |||||||||||||
360,000 | Microsoft Corp | 2.650 | 11/03/22 | 377,467 | |||||||||||||
400,000 | Oracle Corp | 1.900 | 09/15/21 | 401,406 | |||||||||||||
1,130,000 | Oracle Corp | 2.500 | 05/15/22 | 1,148,734 | |||||||||||||
120,000 | Oracle Corp | 2.500 | 10/15/22 | 122,722 | |||||||||||||
175,000 | PayPal Holdings, Inc | 2.200 | 09/26/22 | 174,146 | |||||||||||||
100,000 | VMware, Inc | 2.300 | 08/21/20 | 98,935 | |||||||||||||
190,000 | VMware, Inc | 2.950 | 08/21/22 | 190,476 | |||||||||||||
TOTAL SOFTWARE & SERVICES | 4,526,006 | ||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 1.0% | |||||||||||||||||
200,000 | Alphabet, Inc | 3.625 | 05/19/21 | 205,821 | |||||||||||||
400,000 | Apple, Inc | 2.250 | 02/23/21 | 403,673 | |||||||||||||
250,000 | Apple, Inc | 1.550 | 08/04/21 | 251,542 | |||||||||||||
700,000 | Apple, Inc | 2.150 | 02/09/22 | 715,505 | |||||||||||||
375,000 | Apple, Inc | 1.700 | 09/11/22 | 382,283 | |||||||||||||
500,000 | Apple, Inc | 2.100 | 09/12/22 | 509,916 | |||||||||||||
100,000 | Broadcom Corp | 2.200 | 01/15/21 | 98,676 | |||||||||||||
500,000 | Broadcom Corp | 3.000 | 01/15/22 | 495,412 | |||||||||||||
250,000 | Cisco Systems, Inc | 1.850 | 09/20/21 | 251,733 | |||||||||||||
600,000 | Cisco Systems, Inc | 3.000 | 06/15/22 | 625,193 | |||||||||||||
650,000 | g | Dell International LLC | 4.420 | 06/15/21 | 656,978 | ||||||||||||
100,000 | Hewlett Packard Enterprise Co | 3.500 | 10/05/21 | 100,492 | |||||||||||||
300,000 | Hewlett Packard Enterprise Co | 2.250 | 04/01/23 | 293,137 | |||||||||||||
300,000 | Hewlett-Packard Co | 4.650 | 12/09/21 | 301,956 | |||||||||||||
250,000 | g | L3Harris Technologies, Inc | 4.950 | 02/15/21 | 255,366 | ||||||||||||
300,000 | QUALCOMM, Inc | 3.000 | 05/20/22 | 306,193 | |||||||||||||
300,000 | QUALCOMM, Inc | 2.600 | 01/30/23 | 307,199 | |||||||||||||
200,000 | Seagate HDD Cayman | 4.250 | 03/01/22 | 200,392 | |||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 6,361,467 | ||||||||||||||||
TELECOMMUNICATION SERVICES - 0.5% | |||||||||||||||||
200,000 | America Movil SAB de C.V. | 3.125 | 07/16/22 | 201,867 | |||||||||||||
900,000 | AT&T, Inc | 3.200 | 03/01/22 | 912,986 | |||||||||||||
500,000 | AT&T, Inc | 3.400 | 06/15/22 | 512,014 | |||||||||||||
100,000 | AT&T, Inc | 2.625 | 12/01/22 | 98,756 | |||||||||||||
250,000 | Telefonica Emisiones SAU | 5.134 | 04/27/20 | 250,416 | |||||||||||||
1,250,000 | Verizon Communications, Inc | 3.125 | 03/16/22 | 1,285,624 | |||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 3,261,663 | ||||||||||||||||
TRANSPORTATION - 0.4% | |||||||||||||||||
100,000 | Boeing Co | 2.300 | 08/01/21 | 96,658 | |||||||||||||
200,000 | Boeing Co | 2.700 | 05/01/22 | 190,990 | |||||||||||||
400,000 | Burlington Northern Santa Fe LLC | 3.050 | 09/01/22 | 407,697 | |||||||||||||
100,000 | Delta Air Lines, Inc | 2.600 | 12/04/20 | 95,470 | |||||||||||||
100,000 | Delta Air Lines, Inc | 3.400 | 04/19/21 | 91,053 | |||||||||||||
100,000 | FedEx Corp | 3.400 | 01/14/22 | 100,556 | |||||||||||||
150,000 | Norfolk Southern Corp | 3.000 | 04/01/22 | 149,321 |
327 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 100,000 | Royal Caribbean Cruises Ltd | 2.650 | % | 11/28/20 | $ | 90,055 | ||||||||||
200,000 | Ryder System, Inc | 3.500 | 06/01/21 | 199,944 | |||||||||||||
200,000 | Ryder System, Inc | 2.875 | 06/01/22 | 200,574 | |||||||||||||
250,000 | Union Pacific Corp | 2.250 | 06/19/20 | 249,871 | |||||||||||||
100,000 | Union Pacific Corp | 3.200 | 06/08/21 | 100,959 | |||||||||||||
200,000 | Union Pacific Corp | 2.950 | 03/01/22 | 202,315 | |||||||||||||
250,000 | United Parcel Service, Inc | 2.450 | 10/01/22 | 250,956 | |||||||||||||
TOTAL TRANSPORTATION | 2,426,419 | ||||||||||||||||
UTILITIES - 1.2% | |||||||||||||||||
200,000 | Alabama Power Co | 2.450 | 03/30/22 | 202,432 | |||||||||||||
100,000 | Berkshire Hathaway Energy Co | 2.375 | 01/15/21 | 100,243 | |||||||||||||
100,000 | CenterPoint Energy, Inc | 3.600 | 11/01/21 | 99,776 | |||||||||||||
250,000 | CenterPoint Energy, Inc | 2.500 | 09/01/22 | 245,382 | |||||||||||||
200,000 | Commonwealth Edison Co | 4.000 | 08/01/20 | 200,081 | |||||||||||||
400,000 | Dominion Energy, Inc | 2.579 | 07/01/20 | 399,521 | |||||||||||||
200,000 | Dominion Energy, Inc | 2.750 | 01/15/22 | 199,333 | |||||||||||||
125,000 | Dominion Energy, Inc (Step Bond) | 2.715 | 08/15/21 | 123,305 | |||||||||||||
200,000 | DTE Energy Co | 2.600 | 06/15/22 | 199,192 | |||||||||||||
125,000 | DTE Energy Co | 2.250 | 11/01/22 | 123,715 | |||||||||||||
300,000 | Duke Energy Carolinas LLC | 4.300 | 06/15/20 | 301,062 | |||||||||||||
100,000 | Duke Energy Carolinas LLC | 3.350 | 05/15/22 | 102,940 | |||||||||||||
200,000 | Duke Energy Corp | 1.800 | 09/01/21 | 198,639 | |||||||||||||
300,000 | Duke Energy Corp | 2.400 | 08/15/22 | 299,449 | |||||||||||||
100,000 | Edison International | 2.125 | 04/15/20 | 99,876 | |||||||||||||
200,000 | Edison International | 2.400 | 09/15/22 | 193,000 | |||||||||||||
100,000 | Edison International | 3.125 | 11/15/22 | 98,265 | |||||||||||||
200,000 | Emera US Finance LP | 2.700 | 06/15/21 | 202,286 | |||||||||||||
120,000 | Entergy Corp | 4.000 | 07/15/22 | 123,124 | |||||||||||||
100,000 | Eversource Energy | 2.500 | 03/15/21 | 100,365 | |||||||||||||
160,000 | Eversource Energy | 2.750 | 03/15/22 | 162,269 | |||||||||||||
500,000 | Exelon Corp | 3.497 | 06/01/22 | 484,005 | |||||||||||||
100,000 | Georgia Power Co | 2.100 | 07/30/23 | 97,517 | |||||||||||||
300,000 | Industrial & Commercial Bank of China Ltd | 2.957 | 11/08/22 | 312,735 | |||||||||||||
200,000 | LG&E and KU Energy LLC | 3.750 | 11/15/20 | 198,625 | |||||||||||||
200,000 | NextEra Energy Capital Holdings, Inc | 2.403 | 09/01/21 | 199,656 | |||||||||||||
500,000 | NextEra Energy Capital Holdings, Inc | 2.900 | 04/01/22 | 504,633 | |||||||||||||
100,000 | Northern States Power Co | 2.200 | 08/15/20 | 99,825 | |||||||||||||
200,000 | Ohio Power Co | 5.375 | 10/01/21 | 209,117 | |||||||||||||
120,000 | Oncor Electric Delivery Co LLC | 7.000 | 09/01/22 | 126,465 | |||||||||||||
250,000 | ONEOK Partners LP | 3.375 | 10/01/22 | 232,458 | |||||||||||||
100,000 | Pinnacle West Capital Corp | 2.250 | 11/30/20 | 100,130 | |||||||||||||
100,000 | PPL Capital Funding, Inc | 3.500 | 12/01/22 | 100,070 | |||||||||||||
200,000 | Public Service Enterprise Group, Inc | 2.000 | 11/15/21 | 196,073 | |||||||||||||
100,000 | Public Service Enterprise Group, Inc | 2.650 | 11/15/22 | 99,267 | |||||||||||||
200,000 | Puget Energy, Inc | 5.625 | 07/15/22 | 200,071 | |||||||||||||
110,000 | Sempra Energy | 2.875 | 10/01/22 | 110,368 | |||||||||||||
300,000 | Southern Co | 2.350 | 07/01/21 | 300,762 | |||||||||||||
100,000 | WEC Energy Group, Inc | 3.375 | 06/15/21 | 100,404 | |||||||||||||
300,000 | WEC Energy Group, Inc | 3.100 | 03/08/22 | 303,503 | |||||||||||||
100,000 | Wisconsin Public Service Corp | 3.350 | 11/21/21 | 101,551 | |||||||||||||
140,000 | Xcel Energy, Inc | 2.600 | 03/15/22 | 140,030 | |||||||||||||
TOTAL UTILITIES | 7,991,520 | ||||||||||||||||
TOTAL CORPORATE BONDS | 156,223,293 | ||||||||||||||||
(Cost $157,366,369) |
328 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
GOVERNMENT BONDS - 76.2% | |||||||||||||||||
AGENCY SECURITIES - 2.0% | |||||||||||||||||
$ | 250,000 | Federal Home Loan Bank (FHLB) | 2.625 | % | 10/01/20 | $ | 252,845 | ||||||||||
750,000 | FHLB | 1.125 | 07/14/21 | 757,475 | |||||||||||||
3,000,000 | FHLB | 3.000 | 10/12/21 | 3,119,750 | |||||||||||||
1,600,000 | FHLB | 1.625 | 11/19/21 | 1,630,933 | |||||||||||||
1,500,000 | FHLB | 1.625 | 12/20/21 | 1,531,555 | |||||||||||||
600,000 | FHLB | 1.375 | 02/17/23 | 616,187 | |||||||||||||
2,500,000 | Federal Home Loan Mortgage Corp (FHLMC) | 2.375 | 01/13/22 | 2,587,130 | |||||||||||||
1,500,000 | Federal National Mortgage Association (FNMA) | 2.625 | 01/11/22 | 1,557,708 | |||||||||||||
1,000,000 | FNMA | 2.000 | 10/05/22 | 1,035,819 | |||||||||||||
500,000 | Hashemite Kingdom of Jordan Government AID International Bond | 2.578 | 06/30/22 | 517,354 | |||||||||||||
200,000 | Ukraine Government AID International Bonds | 1.847 | 05/29/20 | 200,491 | |||||||||||||
TOTAL AGENCY SECURITIES | 13,807,247 | ||||||||||||||||
FOREIGN GOVERNMENT BONDS - 6.7% | |||||||||||||||||
150,000 | African Development Bank | 2.625 | 03/22/21 | 152,767 | |||||||||||||
500,000 | African Development Bank | 2.375 | 09/23/21 | 512,992 | |||||||||||||
600,000 | African Development Bank | 1.625 | 09/16/22 | 613,955 | |||||||||||||
500,000 | Asian Development Bank | 1.625 | 03/16/21 | 505,034 | |||||||||||||
2,500,000 | Asian Development Bank | 1.875 | 07/19/22 | 2,572,155 | |||||||||||||
750,000 | Asian Development Bank | 1.625 | 01/24/23 | 770,722 | |||||||||||||
1,000,000 | Canada Government International Bond | 2.625 | 01/25/22 | 1,035,865 | |||||||||||||
250,000 | Colombia Government International Bond | 2.625 | 03/15/23 | 242,190 | |||||||||||||
100,000 | Corp Andina de Fomento | 2.200 | 07/18/20 | 100,277 | |||||||||||||
550,000 | Corp Andina de Fomento | 3.250 | 02/11/22 | 570,246 | |||||||||||||
400,000 | Council of Europe Development Bank | 1.625 | 03/16/21 | 404,296 | |||||||||||||
300,000 | European Bank for Reconstruction & Development | 2.750 | 04/26/21 | 306,707 | |||||||||||||
2,000,000 | European Investment Bank | 2.375 | 05/13/21 | 2,040,938 | |||||||||||||
500,000 | European Investment Bank | 2.625 | 05/20/22 | 521,220 | |||||||||||||
2,750,000 | European Investment Bank | 1.375 | 09/06/22 | 2,798,893 | |||||||||||||
707,000 | European Investment Bank | 1.375 | 05/15/23 | 723,249 | |||||||||||||
100,000 | Export Development Canada | 1.625 | 06/01/20 | 100,055 | |||||||||||||
250,000 | Export Development Canada | 2.000 | 11/30/20 | 252,006 | |||||||||||||
500,000 | Export Development Canada | 2.000 | 05/17/22 | 515,802 | |||||||||||||
500,000 | Export Development Canada | 1.375 | 02/24/23 | 510,541 | |||||||||||||
250,000 | Export-Import Bank of Korea | 2.500 | 11/01/20 | 251,562 | |||||||||||||
250,000 | Export-Import Bank of Korea | 3.500 | 11/27/21 | 257,621 | |||||||||||||
500,000 | Export-Import Bank of Korea | 2.750 | 01/25/22 | 511,587 | |||||||||||||
250,000 | Hungary Government International Bond | 5.750 | 11/22/23 | 274,778 | |||||||||||||
200,000 | Inter-American Development Bank | 2.625 | 04/19/21 | 204,303 | |||||||||||||
200,000 | Inter-American Development Bank | 1.875 | 07/23/21 | 203,487 | |||||||||||||
1,000,000 | Inter-American Development Bank | 1.750 | 04/14/22 | 1,024,174 | |||||||||||||
600,000 | Inter-American Development Bank | 2.500 | 01/18/23 | 631,507 | |||||||||||||
200,000 | International Bank for Reconstruction & Development | 1.625 | 09/04/20 | 200,918 | |||||||||||||
1,000,000 | International Bank for Reconstruction & Development | 1.625 | 03/09/21 | 1,012,974 | |||||||||||||
750,000 | International Bank for Reconstruction & Development | 1.375 | 05/24/21 | 757,313 | |||||||||||||
500,000 | International Bank for Reconstruction & Development | 2.000 | 01/26/22 | 512,725 | |||||||||||||
2,000,000 | International Bank for Reconstruction & Development | 1.625 | 02/10/22 | 2,040,379 |
329 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,250,000 | International Bank for Reconstruction & Development | 2.125 | % | 07/01/22 | $ | 1,290,863 | ||||||||||
500,000 | International Finance Corp | 2.250 | 01/25/21 | 507,006 | |||||||||||||
250,000 | Israel Government International Bond | 4.000 | 06/30/22 | 261,207 | |||||||||||||
100,000 | Japan Bank for International Cooperation | 2.125 | 06/01/20 | 100,184 | |||||||||||||
150,000 | Japan Bank for International Cooperation | 2.125 | 07/21/20 | 150,491 | |||||||||||||
200,000 | Japan Bank for International Cooperation | 2.125 | 11/16/20 | 201,816 | |||||||||||||
1,000,000 | Japan Bank for International Cooperation | 1.500 | 07/21/21 | 1,009,316 | |||||||||||||
200,000 | Japan Bank for International Cooperation | 1.625 | 10/17/22 | 203,829 | |||||||||||||
450,000 | Japan Bank for International Cooperation | 1.750 | 01/23/23 | 460,085 | |||||||||||||
350,000 | Korea Development Bank | 3.000 | 03/19/22 | 359,713 | |||||||||||||
100,000 | Kreditanstalt fuer Wiederaufbau | 2.750 | 10/01/20 | 101,102 | |||||||||||||
100,000 | Kreditanstalt fuer Wiederaufbau | 1.875 | 12/15/20 | 100,914 | |||||||||||||
1,000,000 | Kreditanstalt fuer Wiederaufbau | 2.375 | 03/24/21 | 1,018,007 | |||||||||||||
2,000,000 | Kreditanstalt fuer Wiederaufbau | 2.625 | 04/12/21 | 2,042,177 | |||||||||||||
500,000 | Kreditanstalt fuer Wiederaufbau | 2.500 | 02/15/22 | 517,364 | |||||||||||||
1,000,000 | Kreditanstalt fuer Wiederaufbau | 2.125 | 03/07/22 | 1,028,649 | |||||||||||||
2,000,000 | Kreditanstalt fuer Wiederaufbau | 1.750 | 08/22/22 | 2,054,721 | |||||||||||||
2,100,000 | Kreditanstalt fuer Wiederaufbau | 1.625 | 02/15/23 | 2,158,864 | |||||||||||||
100,000 | Nordic Investment Bank | 2.250 | 02/01/21 | 101,207 | |||||||||||||
500,000 | Nordic Investment Bank | 2.250 | 09/30/21 | 512,055 | |||||||||||||
500,000 | Nordic Investment Bank | 1.375 | 10/17/22 | 510,005 | |||||||||||||
500,000 | Poland Government International Bond | 5.000 | �� | 03/23/22 | 532,465 | ||||||||||||
400,000 | Province of Alberta Canada | 2.200 | 07/26/22 | 413,225 | |||||||||||||
300,000 | Province of British Columbia Canada | 2.000 | 10/23/22 | 309,685 | |||||||||||||
400,000 | Province of Manitoba Canada | 2.125 | 05/04/22 | 413,174 | |||||||||||||
1,200,000 | Province of Ontario Canada | 4.400 | 04/14/20 | 1,201,140 | |||||||||||||
300,000 | Province of Ontario Canada | 2.550 | 04/25/22 | 309,676 | |||||||||||||
1,000,000 | Province of Ontario Canada | 2.250 | 05/18/22 | 1,029,676 | |||||||||||||
455,000 | Province of Ontario Canada | 1.750 | 01/24/23 | 466,380 | |||||||||||||
200,000 | Province of Quebec Canada | 3.500 | 07/29/20 | 201,677 | |||||||||||||
300,000 | Province of Quebec Canada | 2.375 | 01/31/22 | 309,270 | |||||||||||||
200,000 | Svensk Exportkredit AB | 1.750 | 05/18/20 | 199,894 | |||||||||||||
200,000 | Svensk Exportkredit AB | 1.750 | 08/28/20 | 200,412 | |||||||||||||
120,000 | Svensk Exportkredit AB | 2.375 | 04/09/21 | 121,662 | |||||||||||||
200,000 | Svensk Exportkredit AB | 2.875 | 05/22/21 | 205,194 | |||||||||||||
500,000 | Svensk Exportkredit AB | 1.625 | 09/12/21 | 507,075 | |||||||||||||
100,000 | Svensk Exportkredit AB | 3.125 | 11/08/21 | 103,958 | |||||||||||||
660,000 | Svensk Exportkredit AB | 1.625 | 11/14/22 | 669,518 | |||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 45,016,894 | ||||||||||||||||
U.S. TREASURY SECURITIES - 67.5% | |||||||||||||||||
150,000 | United States Treasury Note | 2.250 | 04/30/21 | 153,434 | |||||||||||||
6,600,000 | United States Treasury Note | 2.625 | 05/15/21 | 6,784,078 | |||||||||||||
8,500,000 | United States Treasury Note | 2.125 | 05/31/21 | 8,696,562 | |||||||||||||
10,250,000 | United States Treasury Note | 2.625 | 06/15/21 | 10,559,102 | |||||||||||||
18,800,000 | United States Treasury Note | 1.625 | 06/30/21 | 19,146,625 | |||||||||||||
16,250,000 | United States Treasury Note | 2.625 | 07/15/21 | 16,762,891 | |||||||||||||
6,000,000 | United States Treasury Note | 1.750 | 07/31/21 | 6,124,688 | |||||||||||||
12,250,000 | United States Treasury Note | 2.750 | 08/15/21 | 12,676,357 | |||||||||||||
3,000,000 | United States Treasury Note | 1.500 | 08/31/21 | 3,054,609 | |||||||||||||
13,500,000 | United States Treasury Note | 2.750 | 09/15/21 | 13,994,121 | |||||||||||||
8,500,000 | United States Treasury Note | 1.500 | 09/30/21 | 8,663,359 | |||||||||||||
9,000,000 | United States Treasury Note | 2.875 | 10/15/21 | 9,366,680 | |||||||||||||
12,000,000 | United States Treasury Note | 1.500 | 10/31/21 | 12,242,344 |
330 |
TIAA-CREF FUNDS –Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||||
$ | 17,750,000 | United States Treasury Note | 2.875 | % | 11/15/21 | $ | 18,514,082 | |||||||||||
25,200,000 | United States Treasury Note | 1.500 | 11/30/21 | 25,735,500 | ||||||||||||||
14,250,000 | United States Treasury Note | 2.625 | 12/15/21 | 14,833,359 | ||||||||||||||
20,850,000 | United States Treasury Note | 1.625 | 12/31/21 | 21,359,033 | ||||||||||||||
20,900,000 | United States Treasury Note | 2.500 | 01/15/22 | 21,745,797 | ||||||||||||||
2,150,000 | United States Treasury Note | 1.375 | 01/31/22 | 2,195,184 | ||||||||||||||
3,000,000 | United States Treasury Note | 2.500 | 02/15/22 | 3,127,266 | ||||||||||||||
10,000,000 | United States Treasury Note | 2.375 | 03/15/22 | 10,419,531 | ||||||||||||||
13,000,000 | United States Treasury Note | 0.375 | 03/31/22 | 13,034,531 | ||||||||||||||
12,000,000 | United States Treasury Note | 2.250 | 04/15/22 | 12,490,781 | ||||||||||||||
18,000,000 | United States Treasury Note | 2.125 | 05/15/22 | 18,717,891 | ||||||||||||||
14,000,000 | United States Treasury Note | 1.750 | 06/15/22 | 14,469,766 | ||||||||||||||
20,000,000 | United States Treasury Note | 1.750 | 07/15/22 | 20,690,625 | ||||||||||||||
13,000,000 | United States Treasury Note | 1.500 | 08/15/22 | 13,395,586 | ||||||||||||||
10,000,000 | United States Treasury Note | 1.500 | 09/15/22 | 10,303,906 | ||||||||||||||
17,400,000 | United States Treasury Note | 1.375 | 10/15/22 | 17,890,055 | ||||||||||||||
20,000,000 | United States Treasury Note | 1.625 | 11/15/22 | 20,707,812 | ||||||||||||||
23,000,000 | United States Treasury Note | 1.625 | 12/15/22 | 23,845,430 | ||||||||||||||
22,000,000 | United States Treasury Note | 1.500 | 01/15/23 | 22,753,672 | ||||||||||||||
14,000,000 | United States Treasury Note | 1.375 | 02/15/23 | 14,444,062 | ||||||||||||||
1,000,000 | United States Treasury Note | 2.625 | 02/28/23 | 1,068,047 | ||||||||||||||
2,500,000 | United States Treasury Note | 0.500 | 03/15/23 | 2,515,625 | ||||||||||||||
3,000,000 | United States Treasury Note | 1.250 | 02/28/25 | 3,111,445 | ||||||||||||||
TOTAL U.S. TREASURY SECURITIES | 455,593,836 | |||||||||||||||||
TOTAL GOVERNMENT BONDS | 514,417,977 | |||||||||||||||||
(Cost $499,620,579) | ||||||||||||||||||
TOTAL BONDS | 670,641,270 | |||||||||||||||||
(Cost $656,986,948) | ||||||||||||||||||
SHORT-TERM INVESTMENTS - 0.7% | ||||||||||||||||||
GOVERNMENT AGENCY DEBT - 0.7% | ||||||||||||||||||
5,000,000 | Federal Farm Credit Bank (FFCB) | 0.130 | 10/27/20 | 4,995,936 | ||||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 4,995,936 | |||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 4,995,936 | |||||||||||||||||
(Cost $4,996,226) | ||||||||||||||||||
TOTAL INVESTMENTS - 100.1% | 675,637,206 | |||||||||||||||||
(Cost $661,983,174) | ||||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (0.1)% | (955,342 | ) | ||||||||||||||||
NET ASSETS - 100.0% | $ | 674,681,864 | ||||||||||||||||
�� | ||||||||||||||||||
‡ | Perpetual security | |||||||||||||||||
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/2020, the aggregate value of these securities is $4,381,645 or 0.6% of net assets. |
331 |
TIAA-CREF FUNDS –Money Market Fund
TIAA-CREF FUNDS
MONEY MARKET FUND
SCHEDULE OF INVESTMENTS
March 31, 2020
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
SHORT-TERM INVESTMENTS - 100.5% | |||||||||||||||||
GOVERNMENT AGENCY DEBT - 66.3% | |||||||||||||||||
$ | 15,000,000 | Federal Agricultural Mortgage Corp (FAMC) | 0.010 | % | 04/02/20 | $ | 14,999,300 | ||||||||||
10,260,000 | FAMC | 0.010 | 04/24/20 | 10,249,807 | |||||||||||||
10,000,000 | FAMC | 0.010 | 05/06/20 | 9,985,125 | |||||||||||||
5,000,000 | FAMC | 0.010 | 06/05/20 | 4,993,680 | |||||||||||||
10,000,000 | FAMC | 0.010 | 07/02/20 | 9,959,878 | |||||||||||||
30,000,000 | FAMC | 0.010 | 07/17/20 | 29,959,875 | |||||||||||||
25,000,000 | FAMC | 0.010 | 09/15/20 | 24,966,368 | |||||||||||||
34,000,000 | FAMC | 0.010 | 09/25/20 | 33,924,775 | |||||||||||||
15,000,000 | FAMC | 0.010 | 12/15/20 | 14,962,375 | |||||||||||||
15,000,000 | Federal Farm Credit Bank (FFCB) | 0.010 | 04/13/20 | 14,997,250 | |||||||||||||
3,400,000 | FFCB | 0.010 | 05/06/20 | 3,394,876 | |||||||||||||
25,000,000 | FFCB | 0.010 | 05/07/20 | 24,986,000 | |||||||||||||
5,000,000 | FFCB | 0.010 | 05/19/20 | 4,989,200 | |||||||||||||
8,000,000 | FFCB | 0.010 | 05/27/20 | 7,980,089 | |||||||||||||
10,000,000 | FFCB | 0.010 | 06/01/20 | 9,973,736 | |||||||||||||
5,000,000 | FFCB | 0.010 | 06/10/20 | 4,984,931 | |||||||||||||
15,000,000 | FFCB | 0.010 | 07/29/20 | 14,974,217 | |||||||||||||
12,500,000 | Federal Home Loan Bank (FHLB) | 0.010 | 04/01/20 | 12,500,000 | |||||||||||||
8,100,000 | FHLB | 0.010 | 04/03/20 | 8,099,520 | |||||||||||||
11,280,000 | FHLB | 0.010 | 04/06/20 | 11,277,576 | |||||||||||||
18,000,000 | FHLB | 0.010 | 04/07/20 | 17,995,392 | |||||||||||||
18,290,000 | FHLB | 0.010 | 04/08/20 | 18,284,549 | |||||||||||||
32,300,000 | FHLB | 0.010 | 04/09/20 | 32,296,204 | |||||||||||||
30,000,000 | FHLB | 0.010 | 04/13/20 | 29,984,691 | |||||||||||||
22,850,000 | FHLB | 0.010 | 04/14/20 | 22,837,210 | |||||||||||||
48,570,000 | FHLB | 0.010 | 04/15/20 | 48,540,614 | |||||||||||||
21,900,000 | FHLB | 0.010 | 04/17/20 | 21,884,871 | |||||||||||||
19,540,000 | FHLB | 0.010 | 04/20/20 | 19,524,015 | |||||||||||||
25,000,000 | FHLB | 0.010 | 04/21/20 | 24,978,556 | |||||||||||||
36,200,000 | FHLB | 0.010 | 04/22/20 | 36,173,128 | |||||||||||||
4,610,000 | FHLB | 0.010 | 04/23/20 | 4,605,662 | |||||||||||||
14,250,000 | FHLB | 0.010 | 04/24/20 | 14,236,299 | |||||||||||||
31,360,000 | FHLB | 0.010 | 04/27/20 | 31,324,444 | |||||||||||||
21,000,000 | FHLB | 0.010 | 04/28/20 | 20,975,587 | |||||||||||||
23,986,000 | FHLB | 0.010 | 04/29/20 | 23,956,710 | |||||||||||||
26,880,000 | FHLB | 0.010 | 05/01/20 | 26,850,960 | |||||||||||||
35,345,000 | FHLB | 0.010 | 05/04/20 | 35,321,175 | |||||||||||||
13,940,000 | FHLB | 0.010 | 05/05/20 | 13,919,330 | |||||||||||||
4,800,000 | FHLB | 0.010 | 05/06/20 | 4,792,772 | |||||||||||||
25,600,000 | FHLB | 0.010 | 05/07/20 | 25,560,064 | |||||||||||||
26,965,000 | FHLB | 0.010 | 05/08/20 | 26,940,414 | |||||||||||||
20,000,000 | FHLB | 0.010 | 05/13/20 | 19,963,530 | |||||||||||||
23,205,000 | FHLB | 0.010 | 05/15/20 | 23,201,597 | |||||||||||||
8,500,000 | FHLB | 0.010 | 05/18/20 | 8,498,335 | |||||||||||||
28,100,000 | FHLB | 0.010 | 05/20/20 | 28,040,204 | |||||||||||||
18,958,000 | FHLB | 0.010 | 05/28/20 | 18,916,777 |
332 |
TIAA-CREF FUNDS –Money Market Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 20,630,000 | FHLB | 0.010 | % | 05/29/20 | $ | 20,610,612 | ||||||||||
4,500,000 | FHLB | 0.010 | 06/01/20 | 4,499,085 | |||||||||||||
35,420,000 | FHLB | 0.010 | 06/04/20 | 35,396,777 | |||||||||||||
31,456,000 | FHLB | 0.010 | 06/05/20 | 31,418,109 | |||||||||||||
5,000,000 | FHLB | 0.010 | 06/10/20 | 4,998,542 | |||||||||||||
32,590,000 | FHLB | 0.010 | 06/12/20 | 32,576,964 | |||||||||||||
50,000,000 | FHLB | 0.010 | 06/19/20 | 49,981,347 | |||||||||||||
28,500,000 | FHLB | 0.010 | 07/07/20 | 28,484,642 | |||||||||||||
25,000,000 | FHLB | 0.010 | 07/15/20 | 24,961,354 | |||||||||||||
39,805,000 | FHLB | 0.010 | 07/17/20 | 39,698,831 | |||||||||||||
50,000,000 | FHLB | 0.010 | 07/31/20 | 49,974,792 | |||||||||||||
25,000,000 | FHLB | 0.010 | 08/24/20 | 24,964,757 | |||||||||||||
20,000,000 | FHLB | 0.010 | 08/31/20 | 19,956,089 | |||||||||||||
75,000,000 | FHLB | 0.010 | 09/09/20 | 74,847,944 | |||||||||||||
12,000,000 | FHLB | 0.010 | 09/23/20 | 11,983,083 | |||||||||||||
2,858,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.010 | 04/07/20 | 2,857,271 | |||||||||||||
760,000 | FHLMC | 0.010 | 04/09/20 | 759,738 | |||||||||||||
10,000,000 | FHLMC | 0.010 | 04/17/20 | 9,993,022 | |||||||||||||
9,500,000 | FHLMC | 0.010 | 04/27/20 | 9,490,813 | |||||||||||||
10,000,000 | FHLMC | 0.010 | 05/11/20 | 9,983,056 | |||||||||||||
5,000,000 | FHLMC | 0.010 | 06/03/20 | 4,986,525 | |||||||||||||
30,000,000 | FHLMC | 0.010 | 06/17/20 | 29,901,611 | |||||||||||||
10,000,000 | FHLMC | 0.010 | 07/17/20 | 9,954,228 | |||||||||||||
4,710,000 | FHLMC | 0.010 | 08/19/20 | 4,708,535 | |||||||||||||
10,090,000 | Federal National Mortgage Association (FNMA) | 0.010 | 04/08/20 | 10,087,016 | |||||||||||||
21,614,000 | FNMA | 0.010 | 05/06/20 | 21,581,429 | |||||||||||||
15,180,000 | FNMA | 0.010 | 05/15/20 | 15,151,149 | |||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 1,455,568,989 | ||||||||||||||||
TREASURY DEBT - 11.7% | |||||||||||||||||
7,100,000 | United States Treasury Bill | 0.010 | 04/02/20 | 7,099,706 | |||||||||||||
10,000,000 | United States Treasury Bill | 0.010 | 04/07/20 | 9,997,421 | |||||||||||||
10,675,000 | United States Treasury Bill | 0.010 | 04/09/20 | 10,671,433 | |||||||||||||
35,000,000 | United States Treasury Bill | 0.010 | 04/16/20 | 34,977,760 | |||||||||||||
10,750,000 | United States Treasury Bill | 0.010 | 04/21/20 | 10,740,722 | |||||||||||||
24,070,000 | United States Treasury Bill | 0.010 | 04/23/20 | 24,047,347 | |||||||||||||
28,975,000 | United States Treasury Bill | 0.010 | 05/05/20 | 28,960,223 | |||||||||||||
35,230,000 | United States Treasury Bill | 0.010 | 05/14/20 | 35,165,167 | |||||||||||||
24,035,000 | United States Treasury Bill | 0.010 | 05/21/20 | 23,983,914 | |||||||||||||
20,000,000 | United States Treasury Bill | 0.010 | 05/26/20 | 19,999,022 | |||||||||||||
10,043,000 | United States Treasury Bill | 0.010 | 07/02/20 | 10,003,424 | |||||||||||||
23,300,000 | United States Treasury Bill | 0.010 | 07/09/20 | 23,298,943 | |||||||||||||
17,400,000 | United States Treasury Note | 1.375 | 04/30/20 | 17,393,650 | |||||||||||||
TOTAL TREASURY DEBT | 256,338,732 | ||||||||||||||||
VARIABLE RATE SECURITIES - 22.5% | |||||||||||||||||
4,500,000 | i | Federal Agricultural Mortgage Corp (FAMC) | FRED - 2.950% | 0.300 | 05/19/20 | 4,500,000 | |||||||||||
4,500,000 | i | FAMC | EFFR + 0.100% | 0.190 | 07/06/20 | 4,500,000 | |||||||||||
4,500,000 | i | FAMC | EFFR + 0.090% | 0.180 | 07/08/20 | 4,500,000 | |||||||||||
5,000,000 | i | FAMC | SOFR + 0.040% | 0.050 | 08/13/20 | 5,000,000 | |||||||||||
5,000,000 | i | FAMC | FRED - 2.960% | 0.290 | 08/28/20 | 5,000,000 | |||||||||||
5,000,000 | i | FAMC | FRED - 3.020% | 0.230 | 09/01/20 | 5,000,000 | |||||||||||
10,000,000 | i | FAMC | LIBOR 1 M + 0.060% | 1.641 | 10/01/20 | 9,997,000 |
333 |
TIAA-CREF FUNDS –Money Market Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 5,000,000 | i | FAMC | SOFR + 0.070% | 0.080 | % | 10/02/20 | $ | 5,000,000 | ||||||||
25,000,000 | i | FAMC | SOFR + 0.060% | 0.070 | 11/09/20 | 25,000,000 | |||||||||||
3,000,000 | i | FAMC | SOFR + 0.080% | 0.090 | 12/21/20 | 3,000,000 | |||||||||||
20,000,000 | i | FAMC | LIBOR 1 M + 0.030% | 0.954 | 12/21/20 | 20,000,000 | |||||||||||
8,250,000 | i | FAMC | LIBOR 1 M + 0.120% | 1.635 | 02/03/21 | 8,253,808 | |||||||||||
15,000,000 | i | FAMC | SOFR + 0.070% | 0.080 | 02/08/21 | 15,000,000 | |||||||||||
25,000,000 | i | FAMC | SOFR + 0.280% | 0.290 | 03/23/21 | 25,000,000 | |||||||||||
3,000,000 | i | Federal Farm Credit Bank (FFCB) | FRED - 2.870% | 0.380 | 05/29/20 | 3,000,000 | |||||||||||
5,000,000 | i | FFCB | FRED - 2.960% | 0.290 | 07/09/20 | 4,999,899 | |||||||||||
4,500,000 | i | FFCB | US Treasury Bill 3 M + 0.045% | 0.130 | 08/17/20 | 4,499,915 | |||||||||||
5,000,000 | i | FFCB | FRED - 3.020% | 0.230 | 09/28/20 | 4,997,920 | |||||||||||
22,500,000 | i | FFCB | US Treasury Bill 3 M + 0.110% | 0.195 | 12/28/20 | 22,493,245 | |||||||||||
8,000,000 | i | FFCB | SOFR + 0.080% | 0.090 | 01/14/21 | 8,000,000 | |||||||||||
5,000,000 | i | FFCB | US Treasury Bill 3 M + 0.160% | 0.245 | 01/19/21 | 4,999,603 | |||||||||||
25,000,000 | i | FFCB | SOFR + 0.290% | 0.300 | 04/23/21 | 25,000,000 | |||||||||||
10,000,000 | i | Federal Home Loan Bank (FHLB) | SOFR + 0.020% | 0.030 | 05/22/20 | 9,999,210 | |||||||||||
7,500,000 | i | FHLB | SOFR + 0.035% | 0.045 | 06/19/20 | 7,500,000 | |||||||||||
13,000,000 | i | FHLB | SOFR + 0.100% | 0.110 | 07/29/20 | 13,000,000 | |||||||||||
15,000,000 | i | FHLB | SOFR + 0.080% | 0.090 | 10/02/20 | 15,000,000 | |||||||||||
5,000,000 | i | FHLB | SOFR + 0.120% | 0.130 | 10/07/20 | 5,000,000 | |||||||||||
13,000,000 | i | FHLB | SOFR + 0.130% | 0.140 | 10/16/20 | 13,000,000 | |||||||||||
6,000,000 | i | FHLB | SOFR + 0.090% | 0.100 | 12/04/20 | 6,000,000 | |||||||||||
20,000,000 | i | FHLB | SOFR + 0.240% | 0.250 | 12/24/20 | 20,000,000 | |||||||||||
25,000,000 | i | FHLB | LIBOR 1 M + 0.070% | 0.795 | 01/11/21 | 25,000,000 | |||||||||||
8,000,000 | i | FHLB | SOFR + 0.050% | 0.060 | 01/22/21 | 8,000,000 | |||||||||||
20,000,000 | i | FHLB | SOFR + 0.280% | 0.290 | 03/25/21 | 20,000,000 | |||||||||||
9,500,000 | i | FHLB | SOFR + 0.055% | 0.065 | 05/14/21 | 9,500,000 | |||||||||||
15,000,000 | i | Federal Home Loan Mortgage Corp (FHLMC) | SOFR + 0.040% | 0.050 | 04/29/20 | 14,999,918 | |||||||||||
5,000,000 | i | FHLMC | SOFR + 0.030% | 0.040 | 02/24/21 | 5,000,000 | |||||||||||
3,500,000 | i | Federal National Mortgage Association (FNMA) | SOFR + 0.060% | 0.070 | 07/30/20 | 3,500,000 | |||||||||||
4,500,000 | i | FNMA | SOFR + 0.075% | 0.085 | 10/30/20 | 4,500,000 | |||||||||||
15,000,000 | i | FNMA | SOFR + 0.050% | 0.060 | 03/04/21 | 15,000,000 | |||||||||||
20,000,000 | i | FNMA | SOFR + 0.280% | 0.290 | 04/26/21 | 20,000,000 | |||||||||||
50,000,000 | i | United States Treasury Note | US Treasury Bill 3 M + 0.033% | 0.118 | 04/30/20 | 49,997,647 | |||||||||||
12,000,000 | i | United States Treasury Note | US Treasury Bill 3 M + 0.045% | 0.130 | 10/31/20 | 11,996,398 | |||||||||||
TOTAL VARIABLE RATE SECURITIES | 494,734,563 | ||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 2,206,642,284 | ||||||||||||||||
(Cost $2,206,642,284) | |||||||||||||||||
TOTAL INVESTMENTS- 100.5% | 2,206,642,284 | ||||||||||||||||
(Cost $2,206,642,284) | |||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (0.5)% | (11,608,386 | ) | |||||||||||||||
NET ASSETS - 100.0% | $ | 2,195,033,898 |
Abbreviation(s): | |||
EFFR | Effective Federal Funds Rate | ||
FRED | Federal Bank Prime Loan Rate | ||
ICE | Intercontinental Exchange | ||
LIBOR | London Interbank Offered Rate | ||
M | Month | ||
SOFR | Secure Overnight Financing Rate | ||
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. |
334 |
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of TIAA-CREF Funds and Shareholders of TIAA-CREF Bond Index Fund, TIAA-CREF Core Bond Fund (Formerly TIAA-CREF Bond Fund), TIAA-CREF Core Impact Bond Fund (Formerly TIAA-CREF Social Choice Bond Fund), TIAA-CREF Core Plus Bond Fund (Formerly TIAA- CREF Bond Plus Fund), TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund, TIAA-CREF Green Bond Fund, TIAA-CREF High-Yield Fund, TIAA-CREF Inflation-Linked Bond Fund, TIAA-CREF Short Duration Impact Bond Fund, TIAA-CREF Short-Term Bond Fund, TIAA-CREF Short-Term Bond Index Fund, TIAA-CREF Money Market Fund, and TIAA-CREF Real Estate Securities Fund.
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the summary portfolios of investments, of TIAA-CREF Bond Index Fund, TIAA-CREF Core Bond Fund (Formerly TIAA-CREF Bond Fund), TIAA-CREF Core Impact Bond Fund (Formerly TIAA-CREF Social Choice Bond Fund), TIAA-CREF Core Plus Bond Fund (Formerly TIAA-CREF Bond Plus Fund), TIAA-CREF 5- 15 Year Laddered Tax-Exempt Bond Fund, TIAA-CREF Green Bond Fund, TIAA-CREF High-Yield Fund, TIAA-CREF Short Duration Impact Bond Fund, TIAA-CREF Short-Term Bond Fund, TIAA-CREF Short-Term Bond Index Fund, and TIAA-CREF Money Market Fund, and the portfolio of investments, of TIAA-CREF Inflation-Linked Bond Fund and TIAA-CREF Real Estate Securities Fund (thirteen of the funds constituting TIAA-CREF Funds hereafter collectively referred to as the “Funds”) as of March 31, 2020, the related statements of operations and of changes in net assets for each of the periods indicated in the table below, including the related notes, and the financial highlights for each of the periods indicated therein (included in Item 1 of this Form N-CSR) and the schedule of investments (included in Item 6 of this Form N-CSR) as of March 31, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of March 31, 2020, the results of each of their operations and the changes in each of their net assets for the periods indicated in the table below, and each of the financial highlights for each of the periods indicated therein, in conformity with accounting principles generally accepted in the United States of America.
TIAA-CREF Bond Index Fund (1) | TIAA-CREF High-Yield Fund (1) |
TIAA-CREF Core Bond Fund (1) (Formerly TIAA-CREF Bond Fund) | TIAA-CREF Inflation-Linked Bond Fund (1) |
TIAA-CREF Core Impact Bond Fund (1) (Formerly TIAA-CREF Social Choice Bond Fund) | TIAA-CREF Short Duration Impact Bond Fund (2) |
TIAA-CREF Core Plus Bond Fund (1) (Formerly TIAA-CREF Bond Plus Fund) | TIAA-CREF Short-Term Bond Fund (1) |
335 |
TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund (1) | TIAA-CREF Short-Term Bond Index Fund (1) |
TIAA-CREF Green Bond Fund (2) | TIAA-CREF Money Market Fund (1) |
TIAA-CREF Real Estate Securities Fund (1) |
(1) | Statement of operations for the year ended March 31, 2020 and statement of changes in net assets for the years ended March 31, 2020 and 2019 | |
(2) | Statement of operations for the year ended March 31, 2020 and statement of changes in net assets for the year ended March 31, 2020 and the period November 16, 2018 (commencement date through March 31, 2019 |
Basis for Opinions
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of March 31, 2020 by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
/s/ PricewaterhouseCoopers LLP
Baltimore, Maryland
May 22, 2020
We have served as the auditor of one or more investment companies in TIAA-CREF Funds’ investment company group since 2005.
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Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not Applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not Applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not Applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees.
Item 11. Controls and Procedures.
(a) An evaluation was performed within 90 days of the filing date of the report under the supervision of the Registrant’s management, including the principal executive officer and principal financial officer, of the effectiveness of the design and operation of the Registrant’s disclosure controls and procedures. Based on that evaluation, the Registrant’s management, including the principal executive officer and principal financial officer, concluded that the Registrant’s disclosure controls and procedures were effective for this annual reporting period.
(b) There were no changes in the Registrant’s internal control over financial reporting that occurred during the Registrant’s annual period covered by this report that materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not Applicable.
Item 13. Exhibits.
13(a)(1) Copy of current SOX code of conduct for Senior Financial Officers
13(a)(2)(i) Section 302 certification of the principal executive officer
13(a)(2)(ii) Section 302 certification of the principal financial officer
13(b) Section 906 certification of principal executive officer and principal financial officer
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TIAA-CREF FUNDS | ||
Dated: May 22, 2020 | By: | /s/Bradley Finkle |
Bradley Finkle | ||
Principal Executive Officer and President |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
Dated: May 22, 2020 | By: | /s/Bradley Finkle |
Bradley Finkle | ||
Principal Executive Officer and President | ||
(principal executive officer) |
Dated: May 22, 2020 | By: | /s/E. Scott Wickerham |
E. Scott Wickerham | ||
Principal Financial Officer, Principal Accounting Officer and Treasurer | ||
(principal financial officer) |